David Rasmussen Hansen

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

Units Consolidated Capital Limited Partnership — Interest

One-half interest 120-acre farm Hardin County, lowa — Rent

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

Principal Life Insurance Policies Cash Surrender Values — None

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

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

Savings Account Mt. Vernon Bank, Mt. Vemon, lowa — 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 #4 above) — Interest

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

Agreement — 1.3/1/71 — Hansen and Lindsay 50-50 Farm Partnership

.

yr

NORTHERN DISTRICT OF IOWA

UNITED STATES COURTHOUSE

101 FIRST STREET. S.C. SUITE 304

CEDAR RAPIDS, IOWA 52401-1230

COPY

May 4

18380

CRAMBERS OF

JUDGE DAVID R. HANSEN

Honorable John H. Pratt

Chairman,

Judicial Ethics i"

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 ia 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 ow ed by

In ord

to jointly manage our. undiv &d

interests,’

and I formed a 50-50 partnership

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

receives the cash rent from the farm, pays the

insurance, taxes, and repairs, and pasges through the

net rental income to each of us equally.

The

partnership does. not own tha 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

cropa, raises no livestock,

and salls no

roducts.

It.

is the management device by which

a

and I

hava chosen to efficiently manage our equal but

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 wag split equally between us.