4


					       Collateral Valuation - Summary

  [   SiocA Price ..4ssun.pvlons as ofi I   2-Aug41   I         Enron         $45.58
  I                                                            Compaq         $15.33
  I.                                                           Eli Lilly      S79.5S I

  [     BA         Chase                   Co     *          liii         Total

     80.0%

$40,000,000
$8,254,392

    80.0%

$15,000,000
$7,042,000

80.0%

$l0,000.000
$3,489,871

Sl6,326,744 I

535,1 13,0071

BA -NFL LAmU
       300%


   S5,o00,000

		       Current LTV
		   Mkt Val. Collateral
		       Collaleral Req.
		      Excess (Deficil)

Borrowing Poweri


   Original LOC
    Outstanding
  Awallable LiEd

SI03U,41~ I  51,713,336 I

5316,7~3 I

I      s'~I

Total for BA. Chase. A Compass I    512J35,SU I

					  *1    - '.   '.-,:,.
						      - 7,'L~      -
								4,

$750,000
     $0

SI ,000,000
      $0

$500,000
    $0

$0
$0

$2,250,000
      $0

0,       1,

					   100.0%

							100.0%

								      100.0%

		  * Compass L0C has 8(1% Lfl'on cdl liquid assets held as collateral. the exception is the Sanders' account which
		    consists ojilliquid assets that Compass Qijers the lesser of iO% LJ'I'or Simm


								 IA)U EI~(JJ4Ee2 ib.
								      8121111

     LIV

Original LOC
Oulalandlag

    35.6%
$23,199,764
$10.3 17.990
SI2,881,774

    64.3%
$10,944,170
58.802.500
$2,141,670

   49.8%
$7,008,330
$3,806,664

* $41,152,264.
$22 .92 7. 154
SI 5,023,441

    76.3%
$6,549,390


  299,390

I

 Enron
Compaq
Eli Lilly
 EOTI
  TCW

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       Allocotlon of Collateral fer Secured LOC
BA            Chase       Corn ass'          FU
   77.3%          97.1%         77.3%
   22.1'?.         2.9%           0.0%
    0 0%           0.0%         22.7%
    0.0'!.         0.0%           0.0%
    0.0%           0.0%           0.0%





						  Collateral Valuation - Summary


				   Sted Price Assunrgulons as '~/~   1-Aug41    I         EOfl             519.32
			       I                    Euron                $45.58       TCW - Select         S17.54 I
			       I                   Compaq                515.83       TCW - Aggr.          $13.62
			       I                   Eli Lilly             $79.55       TCW - Small          $21.11 I

			     I ...'                            .    -  ,.,
			     I I.lt                           -   -          ..

			     [       DA      I Compass I    F1J     I   Total      I
					30.0%      30.0%

   Original LOC
    Outataudiag

   Curreut LTV
Mkt V.1. Collateral
  Collateral Req.
  Excess (Deficit)

sl0.o00,000
$7,673,000

    77.2%
$9,940,066
S9.59 1.250
  $348,816

      $0      $1,821,064

    0.0%
$1,139,500

SI,139,500

Borrowing Foweri


	Enron
      Compaq
      Eli Lilly
	EOfl
	TCW

$279,653 I   Sfli,6001

100.0%

100.0%

I      SI,1,0A531

tAiU..O IUt'02iIu
   NJ2JIJ I

LTV

$l0.000,000
$9,494,064

75

$1 1,079,566
S9.591.250
$1,488,316

II

     4 Ilocailon of Collateral
BA         Coni            FU
   27.5%       100.0%
   180%          0.0'h
   16.2%         0.0%
    1.0%         0.0%
   37.3%         0.0%

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