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Tax Worksheet - John

                                         John - Baseline

                                          Main Worksheet

                                                                            2000

                   Filing Status                                           Joint
                   Personal Exemptions                                         4
                                                                     -----------

                   Ordinary Income                                        75,000
                                                                     -----------
                   Adjusted Gross Income                                  75,000
                   Itemized Deductions                                    21,000
                                                                     -----------
                   Taxable Income                                         42,800
                                                                     -----------

                   AMTI Net of Exemption                                  12,000
                                                                     -----------
                   -------------------------------------------------------------

                   Schedule or Table Tax                                   6,424
                   Tentative Minimum Tax                                   3,120
                                                                     -----------
                   Net Federal Tax                                         6,424
                                                                     -----------
                   Total Net Tax Liability                                 6,424
                                                                     ===========

-----------------------------------------------------------------------------------------------------


                                 John w/500K AMT Preference Income

                                          Main Worksheet

                                            2000         2001         2002         2003         2004

Filing Status                              Joint        Joint        Joint        Joint        Joint
Personal Exemptions                            4            4            4            4            4
                                     -----------  -----------  -----------  -----------  -----------

Ordinary Income                           75,000       75,000       75,000       75,000       75,000
                                     -----------  -----------  -----------  -----------  -----------
Adjusted Gross Income                     75,000       75,000       75,000       75,000       75,000
Itemized Deductions                       21,000       21,000       21,000       21,000       21,000
                                     -----------  -----------  -----------  -----------  -----------
Taxable Income                            42,800       42,400       42,400       42,400       42,400
                                     -----------  -----------  -----------  -----------  -----------

AMTI Net of Exemption                    557,000            0       12,000       12,000       12,000
                                     -----------  -----------  -----------  -----------  -----------
-----------------------------------------------------------------------------------------------------

Schedule or Table Tax                      6,424        6,360        6,360        6,360        6,360
Tentative Minimum Tax                    152,460            0        3,120        3,120        3,120
Nonrefundable Credits                          0       -6,360       -3,240       -3,240       -3,240
                                     -----------  -----------  -----------  -----------  -----------
Net Federal Tax                          152,460            0        3,120        3,120        3,120
                                     -----------  -----------  -----------  -----------  -----------
Total Net Tax Liability                  152,460            0        3,120        3,120        3,120
                                     ===========  ===========  ===========  ===========  ===========


                                     Alternative Minimum Tax

                                            2000         2001         2002         2003         2004

Taxable Income:                           42,800       42,400       42,400       42,400       42,400
                                     -----------  -----------  -----------  -----------  -----------
Prefs & Adjustments:
 Personal Exemptions                      11,200       11,600       11,600       11,600       11,600
 Taxes                                     3,000        3,000        3,000        3,000        3,000
 Itemized Deduction Floor                      0            0            0            0            0
 Private Act Bond Interest                     0            0            0            0            0
 Section 1202 Exclusion Pref                   0            0            0            0            0
 Other Deferral Adjs                     500,000     -500,000            0            0            0
                                     -----------  -----------  -----------  -----------  -----------
Alt Min Taxable Income                   557,000     -443,000       57,000       57,000       57,000
  Exemption                                    0      -45,000      -45,000      -45,000      -45,000
                                     -----------  -----------  -----------  -----------  -----------
Taxable Excess                           557,000            0       12,000       12,000       12,000
                                     -----------  -----------  -----------  -----------  -----------
AMT Tax from Schedule                    152,460            0        3,120        3,120        3,120
Tentative Minimum Tax                    152,460            0        3,120        3,120        3,120
 Regular Tax                              -6,424       -6,360       -6,360       -6,360       -6,360
                                     -----------  -----------  -----------  -----------  -----------
Alternative Minimum Tax                  146,036            0            0            0            0
                                     ===========  ===========  ===========  ===========  ===========


-----------------------------------------------------------------------------------------------------

                                 John w/500K AMT Preference Income

                                        Minimum Tax Credit

                                            2000         2001         2002         2003         2004

Taxable Income                            42,800       42,400       42,400       42,400       42,400
                                     -----------  -----------  -----------  -----------  -----------
Exclusion Preferences & Adjs              14,200       14,600       14,600       14,600       14,600
                                     -----------  -----------  -----------  -----------  -----------
Total Exclusion Prefs & Adjs              14,200       14,600       14,600       14,600       14,600
                                     -----------  -----------  -----------  -----------  -----------
AMTI W/ Only Exclusion Prefs & Adjs       57,000       57,000       57,000       57,000       57,000
Exemption                                -45,000      -45,000      -45,000      -45,000      -45,000
                                     -----------  -----------  -----------  -----------  -----------
Taxable Excess                            12,000       12,000       12,000       12,000       12,000
                                     -----------  -----------  -----------  -----------  -----------
AMT Tax from Schedule                      3,120        3,120        3,120        3,120        3,120
AMT Alt Cap Gains Tax                        N/A          N/A          N/A          N/A          N/A
Tentative Minimum Tax W/ Only Excl         3,120        3,120        3,120        3,120        3,120
Regular Tax                               -6,424       -6,360       -6,360       -6,360       -6,360
                                     -----------  -----------  -----------  -----------  -----------
Net Min Tax With Only Exclusion Pref           0            0            0            0            0
                                     -----------  -----------  -----------  -----------  -----------
Net Minimum Tax                          146,036            0            0            0            0
Net Minimum Tax With Only
 Exclusion Preferences                         0            0            0            0            0
                                     -----------  -----------  -----------  -----------  -----------
Credit Generated                         146,036            0            0            0            0

 Credit From Prior Years                       0      146,036      139,676      136,436      133,196
 Allowed in Current Year                       0        6,360        3,240        3,240        3,240
                                     -----------  -----------  -----------  -----------  -----------
 Carried to Future Years                 146,036      139,676      136,436      133,196      129,956
                                     -----------  -----------  -----------  -----------  -----------