2000 Balance Sheet

					Dec 31, '00	Dec 31, '99
ASSETS
	Current Assets
		Checking/Savings
			Fleet (Bank Boston)
				Checking - Fleet	40,065.34	34,747.52
				Companion Savings - Fleet	49,757.73	62,211.10
			Total Fleet (Bank Boston)		89,823.07	96,958.62
			Fidelity Cash Reserves		58,697.10	55,566.69
			PaineWebber
				Cash Account - PaineWebber	738.75	0.00
				Equities	2,975.00	0.00
				Government Sec.- PaineWebber	25,039.25	24,699.25
				Money Mkt - PaineWebber	33,407.89	30,946.53
				Mutual Fund - Washington	26,104.67	23,936.15
			Total PaineWebber		88,265.56	79,581.93
		Total Checking/Savings			236,785.73	232,107.24
		Accounts Receivable
			Accounts Receivable		3,859.05	2,900.60
		Total Accounts Receivable			3,859.05	2,900.60
		Other Current Assets
			Undeposited Funds		779.50	1,222.47
		Total Other Current Assets			779.50	1,222.47
	Total Current Assets				241,424.28	236,230.31
	Fixed Assets
		Accumulated Depreciation			-1,806.00	-1,806.00
		Equipment			2,857.18	2,857.18
	Total Fixed Assets				1,051.18	1,051.18
TOTAL ASSETS					242,475.46	237,281.49
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				Accounts Payable	180.65	0.00
			Total Accounts Payable		180.65	0.00
			Other Current Liabilities
				Jrnl Subscrptn Payable to Wiley	3,110.00	950.00
			Total Other Current Liabilities		3,110.00	950.00
		Total Current Liabilities			3,290.65	950.00
	Total Liabilities				3,290.65	950.00
	Equity
		General Fund			260,339.29	260,339.29
		Retained Earnings			-24,007.80	-1,187.86
		Net Income			2,853.32	-22,819.94
	Total Equity				239,184.81	236,331.49
TOTAL LIABILITIES & EQUITY					242,475.46	237,281.49

Last Updated on 2/8/2001
By Alexander L. Pugh