David Rasmussen Hansen

Shares-Templeton Growth Fund, Inc — Int/Div — Bght

Shares-Templeton Growth Fund, Inc — Bght

Units Consolidated Capital Limited Partnership — Interest

One-half interest Gill arm Hardir County. Iowa hd — Rent — value=$84.050

Rental Duplex-lowa Falls IA Sold 2005-reported 2005 report

Principal Life Insurance Policies Cash Surrender Values — None

Certificate of Deposit, Mt. Vernon Bank, Mt. Vernon, Iowa — Interest

Savings Account Mt. Vernon Bank, Mt Vernon, Iowa — Interest

Savings Account Mt. Vernon Bank, Mt Vemon, Iowa — Interest

PrinFinGrpStock issued on demutualization — Int/Div

Lutheran Brhd Life Insur policies cash surr value — None

Amerus Life Insur Policy cash surrender value — None

Real Estate Contract (Sale of Rental Duplex #5 above) — Interest

Reimbursement — Tampa Bay Chapter of the Federal Bar Association — Additional Information)

Reimbursement — Iowa Academy of Trial Lawyers — Additional Information)

101 FIRST STREKLT. S.C. SUITE 30¢

CEDAR RAPIDS, IOWA 82401-1230

copy

CHAMBERS OF

May 4,

1990

JUDGE DAVID R. HANSEN

Honorable John H. Pratt

Chairman,

Judicial Ethics Committee

Judiciary Conference of the United States

811 Vermont Ave

, N.W.

Washington,

D fi:

20544

1

¥

Re: WIN-=GIN rarms J

Dear Judge Pratt:

Your letter of April 6, 1990 is received.

In 1971, while a practicing lawyer in Iowa Falls,

half interest in a

Iowa, I purchased as an investment an undivided one-

Iowa farm.

The other

undivided half interest is owned by

In orde:

to jointly manage our undivided

interests,

and I formed a 50-50 partnership

we call WIN-GIN Farms which is a passive conduit which

receives the cdsh rent from the farm, pays the

insurance, taxes, and repairs, and passes through the

The

net rental income to each of us equally.

We do not

partnership does not own the real estate.

farm the ground but have always rented it for cash rent

to long time farmer tenants.

WIN-GIN Farms produces no

crops, raises no livestock, and s

ells no: products.

It

is the management device by which:

and I

have chosen to efficiently manage our equa

ai

t

undivided interests in the real estate.

We both do the

occasional weekend small repairs such as fixing fence

and painting which are required to maintain the

property and I prepare the annual Federal and Iowa

state income tax returns for the partnership and see to

their filing

The total gross income from the rents

last year was $8,100 and after expenses we netted about

$6,000 that was split equally between us.