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ACE REPORT ao<br />

page a<br />

1/15/96<br />

:<br />

T<br />

Iu<br />

w<br />

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0<br />

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NGTES: 1. Capltd and Operatlng II1Ye.tmnLm a n the BOOlBD INVESn5wrS f m ACE Report 10.<br />

2. Deprcciatlon, C0.t of Honey. and In- Tax Bxperuc. - Capital Invcatment multiplied by Lhc corresponding Mnual Coat Factor.<br />

3. Malnterunee. Admlnietratlvo. an$ Ad Valoren Bxpcneea - Operating Inveatnunt nultiplled by the corresponding Mnual Coat Factor.<br />

1. Gr0.a Receipt. Tax - Gmm Recelptm Tu Factor mltlpllcd by the sum of Capital Coat* and Operating Expensea.<br />

HD~ICUI<br />

rn FOR us% OR DISCLOSURB OWSIDE nmuomi WI~IOVT<br />

WRITTEN MREBPIENT.<br />

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