David Rasmussen Hansen

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

Shares-Templeton Growth Fund, Inc — Bght

Units Consolidated Capital Limited Partnership — Int/Div

Rental Duplex - Iowa Falls, lowa — Rent — Sold — Harmanson/R McKittrick

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

Savings Account Mt. Vemon Bank, Mt Vemon, lowa — Interest

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

Partner in Farin Rental-Partnership-See attached letter of explanation, Iowa Falls, IA

Agreement — 3/1/71 — Hansen and Lindsay 50-50 Farm Partnership

CEDAR RAPIDS IOWA 52401-1230

Copy

1990

CHAMBERS 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 6,

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 ord

to jointly manage our. undivided

interests,

and I formed a 50-50 partnership

we call WIN-GIN Parms which is a passive conduit 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

It

crops, raises no livestock, and s

ells no products.

is the management device by which

and I

have chosen to efficiently manage our equal but

oa

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