








                 ==================================================


                         PRESENT VALUE OF A SERIES SCHEDULE


                      For:                    Any Name Here
                      Initial Balance:            10,000.00
                      As of:                        1/30/91
                 ==================================================





























                 Prepared By :                          I. M. Smart


  Any Name Here
                                                                       Page  1


  Period   APR    Deposit   Interest      Principal        F V          P V
  ____________________________________________________________________________
    1    10.50    10,000.     1,160.        10,000.       11,050.       9,050.
    2    10.50         0.     1,282.        10,000.       12,210.       9,050.
    3    10.50         0.     1,417.        10,000.       13,492.       9,050.
    4    10.50         0.     1,565.        10,000.       14,909.       9,050.
    5    10.50       500.     1,788.        10,500.       17,027.       9,353.
    6    10.50         0.     1,976.        10,500.       18,815.       9,353.
    7    10.50         0.     2,183.        10,500.       20,790.       9,353.
    8    10.50         0.     2,412.        10,500.       22,973.       9,353.
    9    10.50         0.     2,665.        10,500.       25,386.       9,353.
   10    10.50         0.     2,945.        10,500.       28,051.       9,353.
