David Rasmussen Hansen

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

Shares-Templeton Growth Fund, Inc — Bght

hol [ Ai terest. SB carn Hardin County, Iowa — Rent — zssessed value = $96.580

Rental Buplex - Iowa Falls, lowa — Rent — assessed value = $38,790

Principal Life Insimance Policies Cash Surrender Values : — None

Cerificate of Depasit, ML. Vernon Bank, Mt Vernon, Iowa — i

Savings Account Mt. Verzoz Bank, Mt. Vernon, Towa — Interest

Lot in Marion County, FL — None — assessed value= $2,925

Savings Account Mt. Vernon Bank, Mt. Veron, Towa — Interest

PrinFinGrpSiock issued on demutualizakon — Int/Div

Amerus Life Insur Policy cash suirender value — None

Partner in Farm Rental-Parinership-See attached letter + of explangtion, Iowa Falls, IA

Agreement — 3/1771 — Hansen and Lindsay 30-50 Farm Pacnership .

Spouse's income — Judgs Loken's Law Clerks — April S&6, 2003-Hete, dienes, and brunch for self’ (Min Minneapolis to speak: at Chief fudge Loken's celebration

Spouse's income — Tampa Bay Federal Bar Association — May 27-30, 2003 - To appear on Apprendi panel at Federal Sentencing Guidelines Symposium transportation, hotel, dinner, breakfast for self’

Spouse's income — Iowa State Bar Assocation — December 11-12, 2003 - Des Moines, lowa, hotel and dinner for self and spouse - Federal Practice Seminar

151 FIRSY BTRKET, 5.£. SUITE 304

CEDAR RAPIDS, (OWA B2401-1230

COPY

1990

CRAMBERS OF

May 4.

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.C.

20544

—-

Re:

WIN-GIN Farms

Dear Judge Pratt:

Your letter of April &, 1990 is received.

In 1971, while a practicing lawyer in Iowa Falls,

Iowa, I purchased as an investment an undivided one-

half interest in a 120 acre Iowa farm.

The other

undivided half interest is owned by

In o

to jointly manage our.

\'£

ad

intexasts,

and I formed a 50-50 partnership

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

receives the cash rent from the farm, pays the

insurance, taxes, and repairs, and passes through the

net rental income to each of us equally.

The

partnership does not own the real estate.

We do not

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 =a

ells no products.

It

is the management dewice by which

an

I

S———

ut

undivided interests in the real estate.

have chosen to efficiently manage our equa

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.