BOBWILL REALTY

Re: 1999 Tax Returns

TOTAL RENTAL INCOME $150,346.00 Mortgage Interest $ 36,860.30 (see 1098s) Property Taxes $ 42,056.38 Interest on Taxes $ 1,161.71 Utilites $ 2,846.13 Plumbing Repairs $ 27,183.49 Paint & Carpentry $ 19,658.57 General Maint $ 3,890.76 Administrative Expense $ 30,834.93 DEPRECIATION $ 9,651.00 ----------------------------------------------------- NET LOSS $ 23,797.27

DEPOSITS TO BOBWILL FROM SAVINGS ACCOUNTS.
NOT INCOME
SEE ATTACHED COPIES OF BANK STATEMENTS
AND BANK CHECKS !

FROM AMOUNT DATE Investors Savings $ 5,000.00 09/10/99 Investors Savings $12,000.00 10/13/99 Investors Savings $ 2,000.00 11/24/99 Hudson City Savings $ 5,000.00 08/31/99 Hudson City Savings $ 5,000.00 11/30/99 Hudson City Savings $ 5,000.00 11/30/99 Hudson City Savings $ 5,000.00 11/30/99 ___________________________________________________ TOTAL AMOUNT TO BOBWILL $ 39,000.00

BOBWILL CHECKING ACCOUNT BALANCE:

01/01/99 $ 860.18

12/31/99 -$1,386.57

ATTN: RICHARD
NEW RULE.

IF YOUR FIGURES DO NOT AGREE WITH MINE, YOU ARE REQUIRED TO CALL ME BEFORE YOU PROCEED.

PHONE: home: 973-895-3711 cell: 973-479-3789

Best Regards to You.
Bill