Financial Report by Robert MacIntosh, CFO

Balance as of 30 June 1996

REVENUE SOURCES:
Memberships $124,570.00
Dealers Table Deposits 4,400.00
Investment Income 1,228.56
Advertisement Revenue 230.00
Other Revenue 196.50
TOTAL REVENUE $130,625.06
EXPENSES INCURRED
Banking Expenses $2,179.18
Corporate Expenses 48.86
Publications 2,677.96
Representation 1,343.68
Hardware/Software 1,600.44
Registration 233.59
Bid Expenses Paid 5,550.00
Guests of Honor 47.87
Art Show 16.00
TOTAL EXPENSES $13,647.58
NET SURPLUS $116,977.48
PR One Bucconeer