David Rasmussen Hansen

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

Shares-Templeton Growth Fund, Inc. — Bght

Units Consolidated Capital Limited Partnership — Interest

Np! interest (gang y farm Hardin County, Iowa — Rent — assessed value = 74.370

Rental Duplex - lowa Falls, lowa — Rent — assessed value = $38.790

Principal Life Insurance Policies Cash Surrender Values — None

Certificate of Deposit, Mt. Vernon Bank, Mt. Vemon, lowa — Interest

Suv 569. Acooumt M1 Veron BARK. Mt. Yamor — Interest

Lot in Marion County, FL — None — Sold — Sapp

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

PrinFinGrpStock issued on demutualization — Int/Div — igh

Lutheran Brhd Life Insur policies cash surr value — None

@artney in Farm Renwl-Portnerstip-Sex attached loiter of explansvon, Towa Falls, [A

Agreement — Nm — Aft TRARY A La RE el (7 RR 50-30 Farm Purtorship a .-... —————

Income — EE —————————————————————— — Ives BO Tress! —————————

MEYY LTDY. WL Yel ES IN

191 FIRST BTAKET. &. L. SUITE 10¢

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CEDAR RAFIDS. IOWA 83401-1280

' Copy

CHAMBERS OF

May 4, 1990

JURGE DAVIO R. HANSEN

Honorable John H.

Pratt

chairman, Judicial Bthics Committee

Judiciary Conference of the United States

Bll Vermont Ave., N.W.

D.C.

20544

washington,

——

Re:

WIN-GIN Farms

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-

Yo a

arm The other

undivided half interest ie owned by

In o

to Jointly manage our_

Vv

interests,

and I formed a 50-50

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

net rental income to each of us equally.

The

partnership does not own the real estate..

Me do not

farm the grourid but have always rented it for cash rent

to long time farmer tenants.

WIN-GIN Farms produces no

It

crope, raises no livestock, and s

ells no products.

is the management device by which’

¥

SE

have chosen to efficiently manage our equal but

mam

undivided interests

in the Tr

ate,

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 Tents

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

86,000 that was split equally between us.