<PAGE>   1
                      UNANIMOUS WRITTEN CONSENT OF THE

                            BOARD OF DIRECTORS OF

                        EXSTAR FINANCIAL CORPORATION


                                JUNE 30, 1997

        The undersigned, constituting and acting as all of the directors of
EXSTAR FINANCIAL CORPORATION, a Delaware corporation, (the "Corporation"),
hereby approve and consent to the adoption of the following resolution and the
taking of action provided for therein:

     RESOLVED, that effective as of April 1, 1997, this Corporation be and
hereby is authorized to purchase from TCO Insurance Services, a California
corporation, and TCO Insurance Services, Inc., an Illinois corporation,
(collectively "TCO"), all of those certain personal property business assets
set forth in the attached schedules submitted to the Board of Directors this
date.
     RESOLVED FURTHER, that the purchase price for the foregoing subject
personal property business assets shall be paid by this Corporation by means
of a credit off-set against any and all sums of principal and interest due and
owing to this Corporation by said TCO ($2,149,410. as of March 31,1997); the
intent of this Corporation and the selling parties being that the fair market
value of the subject assets equals or exceeds the entire amount of principal
and accrued interest of said debt, so that upon completion of the subject
transfer of assets there will be no outstanding debt due this Corporation by
TCO.
     RESOLVED FURTHER, that the President, any Vice President, Chief Financial
Officer or the Secretary, of this Corporation be and they hereby are
authorized and directed to execute and deliver such instruments, deeds,
assignments, documents, and agreements, and to perform such other acts on
behalf of this Corporation, as contemplated by the foregoing resolutions, as
they, in their sole discretion, deem necessary and appropriate to consummate
all of this Corporation's actions necessary in the subject premises and all
instruments, and to perform all such other acts and things necessary, or by
the officer or officers deemed desirable, to effectuate the purposes of the
foregoing resolutions.
     This Unanimous Written Consent of the Directors of EXSTAR FINANCIAL
CORPORATION, may be executed in one or more counterparts, each of which shall
be considered an original, but all of which together shall constitute one and
the same instrument.
     IN WITNESS WHEREOF, the undersigned, being all of the Director of EXSTAR
FINANCIAL CORPORATION, a Delaware corporation, have executed this Unanimous
Written Consent on June 30, 1997, and have directed that this Consent be filed
with the Minutes of the proceedings of the Board of Directors of this
Corporation.



       /s/ Peter J. O'Shaughnessy               /s/ Steven C. Shinn
      ---------------------------             ----------------------
       PETER J. O'SHAUGHNESSY                  STEVEN C. SHINN



                            /s/ David Fleming
                         --------------------------
                               DAVID FLEMING



<PAGE>   2
EXSTAR AND AFFILIATED COMPANIES ASSETS INVENTORY RECAP

ASSETS INVENTORIED BY ASSET LIQUIDATION AND SALES


<TABLE>
<CAPTION>
TYPE OF ASSET                  EXSTAR             TCO         TCO INS         TRANSCO       ALPINE        ALPINE           TOTAL BY 
                                                INS SERV      SERV INC        SYNDICATE                  PREM FIN          CATEGORY 
-----------------------------------------------------------------------------------------------------------------------------------
<S>                         <C>               <C>             <C>             <C>          <C>           <C>            <C>
FURNITURE/CABINETS              $295            $208,037                        $2,646                                    $210,978
COMFORTS                                           6,656        $715                                                        $7,371
RANCH ITEMS                  $10,402                                                                                       $10,402
MAINTENANCE/SUPPLIES                              $7,202      $1,883                                                        $9,085
MODULAR FURNITURE                               $115,210                                                                  $115,210
OFFICE SUPPLIES                                  $25,092                                                                   $25,092
VEHICLES                                                                                                                        $0
ART                                              $72,242                                                                   $72,242
SOFTWARE                    $255,429          $1,342,409         $65            $1,338          $24         $41         $1,599,306
BUSINESS MACHINES            $48,957            $169,599                       $24,245       $3,096                       $245,897
PHONE SYSTEMS                                    $12,500                                                                   $12,500
                      
TOTAL BY COMPANY            $315,082          $1,958,946      $2,663           $28,229       $3,120         $41         $2,308,081
                      
ASSETS NOT INCLUDED IN ORIGINAL INVENTORY AND ADDED LATER 

<CAPTION>

TYPE OF ASSET                  EXSTAR             TCO         TCO INS         TRANSCO       ALPINE        ALPINE           TOTAL BY 
                                                INS SERV      SERV INC        SYNDICATE                  PREM FIN          CATEGORY 
-----------------------------------------------------------------------------------------------------------------------------------
<S>                         <C>               <C>             <C>             <C>          <C>           <C>            <C>
FURNITURE/CABINETS           $28,120                         $82,820                                                      $110,940
COMFORTS                                             $36        $537                                                          $573
RANCH ITEMS                   $2,860                                                                                        $2,860
MAINTENANCE/SUPPLIES                                $450      $1,982                                                        $2,432
MODULAR FURNITURE                                            $16,596                                                       $16,596
OFFICE SUPPLIES                                     $288      $9,009                                                        $9,297
VEHICLES                      $2,025             $18,775                                                                   $20,800
ART                                                          $7,530                                                         $7,530
SOFTWARE                                                                                                                        $0
BUSINESS MACHINES             $8,540             $20,953     $24,094           $10,530                                     $64,117
PHONE SYSTEMS                                                                                                                   $0
                      
TOTAL BY COMPANY             $41,545             $40,502    $142,568           $10,530           $0          $0           $235,145
                      

TOTAL INVENTORY RECAP AS OF OCTOBER 96                      
<CAPTION>
TYPE OF ASSET                  EXSTAR             TCO         TCO INS         TRANSCO       ALPINE        ALPINE           TOTAL BY 
                                                INS SERV      SERV INC        SYNDICATE                  PREM FIN          CATEGORY 
-----------------------------------------------------------------------------------------------------------------------------------
<S>                         <C>               <C>             <C>             <C>          <C>           <C>            <C>
FURNITURE/CABINETS           $28,415            $208,037     $82,820            $2,646                                    $321,918
COMFORTS                                          $6,691      $1,251                                                        $7,942
RANCH ITEMS                  $13,261                                                                                       $13,261
MAINTENANCE/SUPPLIES                              $7,651      $3,865                                                       $11,516
MODULAR FURNITURE                               $115,210     $16,596                                                      $131,806
OFFICE SUPPLIES                                  $25,380      $9,009                                                       $34,389
VEHICLES                      $2,025             $18,775                                                                   $20,800
ART                                              $72,241      $7,530                                                       $79,771
SOFTWARE                    $255,429          $1,342,409         $65            $1,338          $24         $41         $1,599,306 
BUSINESS MACHINES            $57,497            $190,551     $24,094           $34,775       $3,096                       $310,013
PHONE SYSTEMS                                    $12,500                                                                   $12,500
                      
TOTAL BY COMPANY            $356,627          $1,999,445    $145,230           $38,759       $3,120         $41         $2,543,222
</TABLE>

Note: Amounts do not include Real Estate Owned Values 






                                                                               1
<PAGE>   3
EXSTAR AND AFFILIATED COMPANIES ASSETS INVENTORY RECAP

TOTAL INVENTORY RECAP INCLUDING CHANGES BETWEEN OCTOBER 1996 AND APRIL 1997


<TABLE>           
<CAPTION>         
                                                                            
TYPE OF ASSET                EXSTAR       EXSTAR       TCO         TCO INS       TRANSCO       ALPINE       ALPINE        TOTAL BY 
                                           E&S       INS SERV      SERV. INC    SYNDICATE                  PREM FIN       CATEGORY 
----------------------------------------------------------------------------------------------------------------------------------
<S>                         <C>         <C>         <C>             <C>          <C>          <C>           <C>         <C>
FURNITURE/CABINETS           $28,415                  $207,800     $82,820         $2,646                                 $321,681
COMFORTS                                                 6,691      $1,251                        $328                      $8,270
RANCH ITEMS                  $13,261                                                                                       $13,261
MAINTENANCE/SUPPLIES                                    $7,651      $3,865                                                 $11,516
MODULAR FURNITURE                                     $114,781     $16,596                                                $131,377
OFFICE SUPPLIES                                        $25,380      $9,009                                                 $34,389
VEHICLES                      $2,025                   $18,775                                                             $20,800
ART                                                    $72,241      $7,530                                                 $79,771
SOFTWARE                     $97,488     $86,257    $1,647,409         $65         $1,338     $206,129         $41      $2,038,727
BUSINESS MACHINES            $57,497     $59,010      $190,551     $24,094        $34,775       $3,456        $360        $369,743
PHONE SYSTEMS                                          $12,500                                                             $12,500
                                                                                                                       
TOTAL BY COMPANY            $198,686    $145,267    $2,303,778    $145,230        $38,759     $209,913        $401      $3,042,034
                                                                                                                       
</TABLE>            
                    
Note: Amounts do not include Real Estate Owned Values 






                                                                               2


<PAGE>   4
FURNITURE/CABINETS
                                OWNER - EXSTAR
                                LOCATION - SOLVANG & BERMUDA DUNES

<TABLE>
<CAPTION>                    
                                                                                                 
QTY    DESCRIPTION              STYLE                           UNIT VALUE       EXT VALUE       LOCATION
<S>    <C>                      <C>                            <C>               <C>               <C>         
  3    AMOIRE                   STANDING HAND CARVED             $435.00         $1,305.00          UDD
  1    ANS MACHINE              AT&T 2/LINE                       $50.00            $50.00          UDD
  1    APPLIANCES               MISC LOT KITCHEN APPL            $350.00           $350.00          UDD
  1    BATTERY CHARGER          AMERICAN MONARCH 42V 21A          $70.00            $70.00          UDD
  1    BEDDING                  MISC LOT                         $420.00           $420.00          UDD
  3    BEDDING                  DOWN COMFORTERS                   $70.00           $210.00          UDD
  1    BEDS                     KING 4/POST                    $1,050.00         $1,050.00          UDD
  1    BEDS                     BUNK SET OAK                     $700.00           $700.00          UDD
  2    BEDS                     TWIN/FULL SET                     S50.00           $100.00          UDD
  2    BEDS                     FULL SIZE                        $100.00           $200.00          UDD
  3    CARPET                   12'X10' WOOL                     $280.00           $840.00          UDD
  1    CHAIRS                   ANTIQUE WOODEN                    $90.00            $90.00          UDD
  16   CHAIRS                   DINING UPHOLSTERED               $100.00         $1,600.00          UDD
  1    CHANDELIER               DEER HORN                        $250.00           $250.00          UDD
  1    CLEANING SUPPLIES        MISC LOT                          $35.00            $35.00          UDD
  2    COUCHES                  7' UPHOLSTERED                   $250.00           $500.00          UDD
  1    COUCHES                  SECTIONAL LEATHER                $700.00           $700.00          UDD
  1    DECORATIONS              STRAW BASKET                      $30.00            $30.00          UDD
  1    DISHES/UTENSILS          MISC LOT                         $350.00           $350.00          UDD
  1    EASEL                    CONF TYPE STANDING                $40.00            $40.00          UDD
  1    FAX MACHINE              MURATEC M4500                     $50.00            $50.00          UDD
  3    FLOOR CHEST              HAND CARVED                      $150.00           $450.00          UDD
  1    GOLF CART                WSTRN GC100 #1001297188        $2,400.00         $2,400.00          UDD
  1    GOLF CART                WSTRN GC100 #20004613410       $3,500.00         $3,500.00          UDD
  1    HOSE                     GARDEN 60'                        $20.00            $20.00          UDD
  1    LADDER                   ALUMINUM 8'                       $60.00            $60.00          UDD
  1    LAMP                     FLOOR                             $50.00            $50.00          UDD
  1    LAMP                     FLOOR                             $20.00            $20.00          UDD
  6    LAMP                     BRASS                             $20.00           $120.00          UDD
  1    LASERDISK PLAYER         SONY MDP333                      $150.00           $150.00          UDD
  1    LASERDISK PLAYER         GE                               $175.00           $175.00          UDD
  1    LINENS                   MISC LOT                         $500.00           $500.00          UDD
  1    LITHOGRAPH               TAYLOR LANDSCAPE                 $175.00           $175.00          UDD
  1    MAPS                     COACHELLA VLY ARIEL               $80.00            $80.00          UDD
  1    OFFICE SUPPLIES          MISC LOT                         $100.00           $100.00          UDD
  1    PAINTING                 PLAINS INDIAN OIL                $100.00           $100.00          UDD
  2    PATIO FURNITURE          RD GLASS TP TBL/4CHAIRS          $350.00           $700.00          UDD
  2    PATIO FURNITURE          POOL CHAIRS CHAISE                $50.00           $100.00          UDD
  1    PHONE                    SONY CORDLESS 2/LINE              $35.00            $35.00          UDD
  1    PHONE                    GE CORDLESS                       $25.00            $25.00          UDD
                                                                         
</TABLE>                                                                  
                                                                    
                                                                               3

<PAGE>   5
<TABLE>                  
<CAPTION>                                                                                                      

QTY    DESCRIPTION             STYLE                              UNIT VALUE           EXT VALUE         LOCATION   
<S>    <C>                     <C>                                <C>                 <C>                 <C>       
 1     PHONE                   PANASONIC 2/LINE                       $30.00              $30.00          UDD      
 1     PLANT                   SILK/LARGE ARRANGEMENT                 $40.00              $40.00          UDD      
 2     PLANT                   HANGING SILK                           $25.00              $50.00          UDD      
 3     PLANT                   SILK/MEDIUM                            $50.00             $150.00          UDD      
 2     PLANT/POT               DECORATIVE CACTUS                      $25.00              $50.00          UDD      
11     PLANT/POT               SILK PLANTS/CLAY POTS                 $100.00           $1,100.00          UDD      
 2     PLANTS                  SILK/SMALL                             $20.00              $40.00          UDD      
30     PLANTS                  MISC SILK                               $5.00             $150.00          UDD      
 1     POOL COVER              W/ROLLER                              $175.00             $175.00          UDD      
 2     POTS                    LARGE CLAY 3.5'                        $90.00             $180.00          UDD      
 1     RECEIVER                CHAPARRAL MONTEREY 50                 $500.00             $500.00          UDD      
 1     RUG                     NAVAJO WOOL 9'X2'                      $70.00              $70.00          UDD      
 2     RUG                     NAVAJO WOOL 3'X5'                      $35.00              $70.00          UDD      
 2     RUG                     NAVAJO WOOL 6'X10'                    $100.00             $200.00          UDD      
 1     SATELLITE DISH          PARACLIPSE 10' DISH/MOUNT             $750.00             $750.00          UDD      
 1     TABLE                   COFFEE 4'X 3'                          $90.00              $90.00          UDD      
 1     TABLE                   ANTIQUE SIDEBOARD                     $350.00             $350.00          UDD      
 2     TABLE                   END                                    $70.00             $140.00          UDD      
 2     TABLE                   SQUARE COFFEE 3'X 3'                   $75.00             $150.00          UDD      
 2     TABLE                   TV STAND                               $35.00              $70.00          UDD      
 3     TABLE                   DINING/CONFERENCE/WALNUT            $1,000.00           $3,000.00          UDD      
 6     TABLE                   END HAND CARVED                        $70.00             $420.00          UDD      
 2     TABLES                  NIGHT STANDS                          $100.00             $200.00          UDD      
 2     TELEVISION              TOSHIBA 32"                           $600.00           $1,200.00          UDD      
 1     TELEVISION              JVC 27"                               $200.00             $200.00          UDD      
 1     TELEVISION              RCE XL100 20"                         $100.00             $100.00          UDD      
 1     TOOLS                   MISC LOT HOME REPAIR                  $175.00             $175.00          UDD      
 1     VACUUM                  HOOVER H/D                             $40.00              $40.00          UDD      
 1     VACUUM                  SHOP VAC/SEARS                         $30.00              $30.00          UDD      
 1     VCR                     JVC HRD8000 SVHS                      $300.00             $300.00          UDD      
 1     VCR                     GE VHS                                $100.00             $100.00          UDD      
 1     WASHER/DRYER            SET/HOTPOINT ELEC                     $300.00             $300.00          UDD      
                                                                                                                   
       TOTAL ADDED AFTER INVENTORY COMPLETED                                          $28,120.00
</TABLE>         


                                                                             4
                                       

<PAGE>   6
TOTAL INVENTORY RECAP INCLUDING CHANGES BETWEEN OCTOBER 1996 AND MAY 1997



<TABLE>           
<CAPTION>         
                                                                            
TYPE OF ASSET                EXSTAR       EXSTAR       TCO         TCO INS       TRANSCO       ALPINE       ALPINE        TOTAL BY 
                                           E&S       INS SERV      SERV INC     SYNDICATE                  PREM FIN       CATEGORY 
----------------------------------------------------------------------------------------------------------------------------------
<S>                         <C>         <C>         <C>             <C>          <C>          <C>           <C>         <C>
FURNITURE/CABINETS           $28,415                  $207,800     $82,820         $2,646                                 $321,681
COMFORTS                                                 6,691      $1,251                        $328                      $8,270
RANCH ITEMS                  $13,261                                                                                       $13,261
MAINTENANCE/SUPPLIES                                    $7,651      $3,865                                                 $11,516
MODULAR FURNITURE                                     $114,781     $16,596                                                $131,377
OFFICE SUPPLIES                                        $25,380      $9,009                                                 $34,389
VEHICLES                      $2,025                   $18,775                                                             $20,800
ART                                                    $72,241      $7,530                                                 $79,771
SOFTWARE                     $130,944    $86,257    $1,647,409         $65         $1,338     $206,129         $41      $2,072,183
BUSINESS MACHINES            $132,128                 $190,551     $24,094        $34,775       $3,526                    $385,074
PHONE SYSTEMS                                          $12,500                                                             $12,500
                                                                                                                       
TOTAL BY COMPANY             $306,773    $86,257    $2,303,778    $145,230        $38,759     $209,983         $41      $3,090,821
                                                                                                                       
</TABLE>            
                    
Note: Amounts do not include Real Estate Owned Values 





                                                                              2




<PAGE>   7
     FURNITURE/CABINETS
                           OWNER - TCO INS SERV.
                           LOCATION - SOLVANG
<TABLE>
<CAPTION>                                                                
                                                                                             OWNER                    
QTY      DESCRIPT          STYLE               DIMENSION         UNIT VALUE   EXT VALUE      If other than TCO Ins.    
<S>      <C>              <C>                <C>                  <C>        <C>             <C>                       
  1      BOOKCASE         LAWYERS            36"WX72" HX12"D        $319.00     $319.00                                
  2      BOOKCASE         LT OAK             30"WX27" HX12"D         $28.00      $56.00                                
  9      BOOKCASE         LT OAK             30"WX36" HX12"D         $50.00     $450.00                                
  1      BOOKCASE         LT OAK             30"WX60" HX12"D         $74.00      $74.00                                
  3      BOOKCASE         LT OAK             36"WX10" HX12"D         $18.00      $54.00                                
  6      BOOKCASE         LT OAK             36"WX36" HX12"D         $90.00     $540.00                                
  8      BOOKCASE         LT OAK             36"WX48" HX12"D        $140.00   $1,120.00                                
 41      BOOKCASE         LT OAK             36"WX72" HX12"D        $190.00   $7,790.00                                
  4      BOOKCASE         MAHOG EXEC         36"WX72" HX12"D        $190.00     $760.00                                
  2      BOOKCASE         POOR               30"WX30" LX12"D         $12.00      $24.00                                
  3      BOOKCASE         STEEL                                      $20.00      $60.00                                
  2      BOOKSHELF        WOOD/CUBE          36"WX30" HX12"D         $50.00     $100.00                                
  1      CABINET          CNTR POOR                                   $8.00       $8.00                                
  1      CABINET          OAK/8 SHLV         86"LX40" HX15"D        $379.00     $379.00                                
  2      CABINET          PINK/POOR                                  $18.00      $36.00                                
  2      CABINET          STORAGE/2D         42"HX36" WX1 8"D        $64.00     $128.00                                
  1      CABINET          STORAGE/2D         66"HX30" WX1 5"D        $64.00      $64.00                                
 13      CABINET          STORAGE/2D         72"HX36" WX18"D        $125.00   $1,625.00                                
  2      CABINET          STORAGE/2D         76"HX32" WX18"D        $125.00     $250.00                                
  1      CABINET          STORAGE/2D         78"HX36" WX24"D        $155.00     $155.00                                
  9      CABINET          WRIGHTLINE         41"HX36" WX18"D         $90.00     $810.00                                
  5      CABINET          WRIGHTLINE         72"HX36" WX18"D        $118.00     $590.00                                
 11      CABINET          WRIGHTLINE         84"HX36" WX18"D        $136.00   $1,496.00                                
  1      CABINET/LCKN     LTOAK2D            36"LX20" DX30"H        $135.00     $135.00                                
  1      CART             AUDIO VIDEO                                $79.00      $79.00                                
  6      CART             CHRME WIRE         2&3 TIER                $80.00     $480.00                                
  8      CHAIR            4BSE EXLTH                                $160.00   $1,280.00                                
  3      CHAIR            DIRCTR LTH                                 $75.00     $225.00                                
 20      CHAIR            FOLDING                                     $5.75     $115.00                                
  4      CHAIR            GST SLED                                   $80.00     $320.00                                
163      CHAIR            GUEST                                      $80.00  $13,040.00                                
  1      CHAIR            POOR                                        $5.00       $5.00                                
  1      CHAIR            POSTURE                                    $40.00      $40.00                                
  6      CHAIR            ROLL GUEST                                $135.00     $810.00                                
 28      CHAIR            STACK/PRPL                                 $10.00     $280.00                                
  4      CHAIR CUSHN                                                 $10.00      $40.00                                
  4      CHAIR/DINING     FAIR-POOR                                  $20.00      $80.00                                
  4      CHAIR/EASY       FAIR-POOR                                  $18.00      $72.00                                
 12      CHAIR/MANUAL     4 BASE                                     $22.00     $264.00                                
  4      CHAIR/MANUAL     STENO                                      $28.00     $112.00                                
 48      CHAIR/PNEUMA     ARM HIBK                                  $125.00   $6,000.00                                
  1      CHAIR/PNEUMA     CSTM HIBK                                 $200.00     $200.00                                
 20      CHAIR/PNEUMA     HI EX LTHR                                $225.00   $4,500.00                                
 13      CHAIR/PNEUMA     HI EXVNL                                  $160.00   $2,080.00                                
</TABLE>                                                              
     
                                                                              5
<PAGE>   8

<TABLE>
<CAPTION>                                                          
QTY    DESCRIPT              STYLE                DIMENSION            UNIT VALUE           EXT VALUE      IF OTHER THAN TCO INS.
       
<S>    <C>                   <C>                    <C>                     <C>               <C>            <C>
12     CHAIR/PNEUMA          HIBK EXARM                                    $192.00            $2,304.00
 1     CHAIR/PNEUMA          POOR ARM                                       $25.00               $25.00
 2     CHAIR/PNEUMA          POOR HIBK                                      $25.00               $50.00
 7     CHAIR/PNEUMA          STENO HIBK                                    $125.00              $875.00
93     CHAIR/PNEUMA          STENO/QUAL                                     $70.00            $6,510.00
21     COAT TREE                                                            $15.00              $315.00
49     CREDENZA              LT OAK                70"LX21"WX30"H          $330.00           $16,170.00
 2     CREDENZA              MAHOG                 72"LX20"W               $475 00              $950.00
 1     CREDENZA              POOR                                           $15.00               $15.00
 1     DESK                  DBLE PED              72"LX36"W                $29.00               $29.00
 1     DESK/EXEC             CSTM CRFTD            SPECS ON FILE         $9,999.00            $9,999.00
 1     DESK/EXEC             MAHOG                 72"LX36"W               $510.00              $510.00
12     DESK/LT OAK           NO RETURN             72"LX36"WX30"H          $369.00            $4,428.00
 1     DESK/LT OAK           RTRN POOR             66"LX36"WX30"H           $80.00               $80.00
 1     DESK/LT OAK           STUDENT               48"LX25"WX28"H          $140.00              $140.00
49     DESK/LT OAK           W/RETURN              72"LX36"WX30"H          $600.00           $29,400.00
 1     DESK/OAK LAM          POOR                                           $15.00               $15.00
 1     DESK/RETURN           LAMINATE              63"X30"                  $90.00               $90.00
 5     DISPLAY CASE          WHTE OAK                                       $18.00               $90.00
 1     DRESSER/CR            CRVD/MEX              84"LX32"WX20"H          $295.00              $295.00      Exstar Financial
 2     DRESSER               W/MIRROR                                      $175.00              $350.00
 4     FILE CABINET          LAT/2DR               28"HX30"WX18"D          $126.00              $504.00
 1     FILE CABINET          LAT/2DR               28"HX36"WX18"D          $154.00              $154.00
 5     FILE CABINET          LAT/3DR               42"HX42"WX18"D          $210.00            $1,050.00
 2     FILE CABINET          LAT/4DR               52"HX30"WX18"D          $196.00              $392.00
10     FILE CABINET          LAT/4DR               52"HX42"WX18"D          $315.00            $3,150.00
 2     FILE CABINET          LAT/4DR               53"HX36"WX18"D          $266.00              $532.00
 1     FILE CABINET          LAT/4DR               54"HX43"WX21"D          $329.00              $329.00
 3     FILE CABINET          LAT/4DR FR            SCHWAB 5000             $887.00            $2,661.00
 1     FILE CABINET          LAT/5DR               48"HX42"WX18"D          $364.00              $364.00
 7     FILE CABINET          LAT/5DR               60"HX36"WX18"D          $364.00            $2,548.00
20     FILE CABINET          LAT/5DR               63"HX42"WX18"D          $400.00            $8,000.00
 2     FILE CABINET          LAT/5DR               66"HX36"WX18"D          $364.00              $728.00
 2     FILE CABINET          LAT/5DR               66"HX42"WX18"D          $406.00              $812.00
 7     FILE CABINET          LAT/5DR               72"HX36"WX18"D          $364.00            $2,548.00
 2     FILE CABINET          LG/2DR FIREPROOF                              $223.00              $446.00      Transco Syndicate
 4     FILE CABINET          LG/4DR FIREPROOF                              $550.00            $2,200.00      Transco Syndicate
 1     FILE CABINET          LTR/4DR FR                                    $500.00              $500.00
 7     FILE CABINET          LTTR/2DR                                       $59.00              $413.00
 9     FILE CABINET          LTTR/4nR                                       $79.00              $711.00
90     FILE CABINET          OPEN                  62"HX36"WX12"D          $103.00            $9,270.00
 1     FILE CABINET          OPEN                  63"HX42"WX18"D          $103.00              $103.00
60     FILE CABINET          OPEN                  76"HX36"WX12"D          $113.00            $6,780.00
63     FILE CABINET          OPEN                  85"HX36"WX12"0          $125.00            $7,875.00
 3     FILE CART             DATA BINDE                                     $12.00               $36.00
 1     FILE CART             ROLL LTTR                                      $38.00               $38.00
 5     FRAME/BED             INC 1 HDBD                                     $25.00              $125.00
 3     LAMP                  POOR                                            $8.00               $24.00
 1     OFCE SET/EXE          15 PCS                ON FILE               $2,860.00            $2,860.00
 3     OFCE ST/EXEC          RTN/CR/FLE            72"LX36"WX2"TH        $1,375.00            $4,125.00
 2     ORGANIZER             WOOD SLAT             18"LX72"HX15"D          $110.00              $220.00
 1     ORGANIZER/ST          FAIR-POOR                                      $20.00               $20.00
</TABLE>                                                           
                                                                       
                                                                               6
    
<PAGE>   9
<TABLE>
<CAPTION>                                                                               
QTY   DESCRIPT              STYLE                DIMENSION                UNIT VALUE        EXT VALUE      lf other than TCO Ins.
<S>   <C>                  <C>                    <C>                         <C>            <C>            <C>
      
 1    RACK                 CHROME                 54"HX30" WX12"D              $70.00           $70.00
 1    RACK                 CHROME                 72"HX60" WX18"D             $115.00          $115.00
      RACK                 IND SULK               42"HX32" LX16"D              $20.00           $20.00
 5    RACK                 IND BULK               72"HX36" WX18"D              $30.00          $150.00
54    RACK                 IND BULK               96"HX72" WX24"D              $89.00        $4,806.00
 4    RACK/TAPE            W/TAPES                                             $30.00          $120.00
 1    RAILING/LOT          WROUGHT IR                                          $30.00           $30.00
 1    RECLINER             POOR                                                $15.00           $15.00
 1    RECLINER             ROCKER                                             $150.00          $150.00
 2    SAFE/FR              SNTRY 6720             1 3"HX12" WX16"D             $55.00          $110.00
 1    SHELF UNIT           CUBCONTEM              66"LX30" WX12"D              $30.00           $30.00
 1    SHELF UNIT           CUBE/LAM               80"HX63" WX24"D             $300.00          $300.00
 2    SOFA                                                                    $150.00          $300.00
 1    SOFA                                                                    $150.00          $150.00
 1    SOFA                 SET LTHR                                           $700.00          $700.00
 1    SOFA                 POOR                                                $15.00           $15.00
 1    SOFA                 SET FAIR                                           $150.00          $150.00
 6    STAND                NIGHT/LAM                                           $28.00          $168.00
 8    STAND                WOOD LAM               30"WX28" DX30"H              $45.00          $360.00
 1    STAND/COPY           STEEL/W/GR                                          $30.00           $30.00
 1    STAND/OAK            LTHR INLAY             32"LX22" WX20"H             $160.00          $160.00
28    STAND/PLSTIC         SHELVES                24"WX18"DX32"H               $60.00        $1,680.00
 1    STOOL                DRFTNG/PNU                                          $80.00           $80.00
 8    STOOL                STEP                                                $18.00          $144.00
 9    TABLE                2DR LT OAK             36"WX72" HX12"D             $195.00        $1,755.00
 3    TABLE                2DR LT OAK             72"WX80" LX36"H             $210.00          $630.00
20    TABLE                COFFEE/END             36"LX26" WX18"D+             $28.00          $560.00
 1    TABLE                ECONO DRFT             30"WX42"L                    $70.00           $70.00
 1    TABLE                FOLD FAIR                                           $18.00           $18.00
 1    TABLE                FOLD CARD                                           $12.00           $12.00
 1    TABLE                FOLDING                30"WX48"L                    $20.00           $20.00
 5    TABLE                FOLDING                30"WX72"L                    $25.00          $125.00
 2    TABLE                FOLDING                30"WX94"L                    $34.00           $68.00
 1    TABLE                FOLDING                36"WX96"L                    $60.00           $60.00
 1    TABLE                MRBLE/BRSS             16"RND TP 30"H              $160.00          $160.00
 7    TABLE                PEDASTEL               55"DIAM(ROUND)              $165.00        $1,155.00
 1    TABLE                PICNIC                 FULL SIZE                   $200.00          $200.00
 2    TABLE                ROUND/WOOD             42" DIAMETER                $350.00          $700.00
 2    TABLE                ROUND/WOOD             72" DIAMETER                $550.00        $1,100.00
 1    TABLE                STEEL                  30"WX40" LX30"H              $30.00           $30.00
 2    TABLE                W4CHRS PEDASTEL                                     $75.00          $150.00
 1    TABLE/BURL           CONFERENCE             145"LX54"WX28"H             $900.00          $900.00
 1    TABLE/CANE           W/4 CHAIRS             RND W/GLSS TOP              $190.00          $190.00
 1    TABLE/CONF           FAIR-POOR              156"LX48"WX29"H             $575.00          $575.00
 1    TABLE/DARK           CONF/FAIR              112"LX48"W                  $415.00          $415.00
 2    TABLE/DRFTNG         WOOD/HNGD              48"LX30"WX30"D              $375.00          $750.00
 1    TABLE/ECONO          3 LEGGED                                             $5.00            $5.00
 1    TABLE/LT OAK         CONF/LVS               48"LX43"WX2"TH              $350.00          $350.00
 1    TABLE/LT OAK         CONFERENCE             120"LX48"WX2"TH             $760.00          $760.00
 1    TABLE/LT OAK         CONFERENCE             132"X47"W                   $615.00          $615.00
 1    TABLE/LT OAK         CONFERENCE             60"LX36"                    $265.00          $265.00
21    TABLE/ROLLNG         TYPEWRITER                                          $28.00          $588.00
                                                                                           
</TABLE>

                                                                             7
   
<PAGE>   10
<TABLE>
<CAPTION>
QTY DESCRIPT            STYLE                  DIMENSION                UNIT VALUE           EXT VALUE      lf other than TCO Ins.
<S> <C>                 <C>                    <C>                         <C>               <C>            <C>
  1 TABLE/WORK          WOOD/POOR                                          $16.00               $16.00
113 TRACK/ROLLNG        SUPREME                QTY IN FEET                 $76.00            $8,588.00
  1 WALL UNIT           WH OAK                 UNASSEMBLED                $210.00              $210.00
  1 WORK BENCH          OAK LAM                135"LX30"WX38"H            $525.00              $525.00
  1 WORKBENCH           OAK LAM                108"LX25"WX2Y"H            $297.00              $297.00
  1 WORKBENCH           WOOD W/VISE            78"LX45"WX36"D              $60.00               $60.00

    TOTAL                                                                                  $210,978.00


    TOTALS BY COMPANY                          EXSTAR FINANCIAL                                $295.00
                                               TRANSCO SYNDICATE                             $2,646.00
                                               TCO INSURANCE SERVICES                      $208,037.00

    CHANGES TO FURNISHINGS BETWEEN OCTOBER 96 AND APRIL 97

  1 CHAIR/MANUAL        4 BASE                 Sold                        $22.00              ($22.00)      TCO Ins. Serv.
  1 CHAIR/PNEUMA        ARM HIBK               Sold                       $125.00             ($125.00)      TCO Ins. Serv.
  1 DESK/RETURN         LAMINATE               Sold                        $90 00              ($90.00)      TCO Ins. Serv.
    
    TOTAL SOLD                                                                                ($237.00)      TCO Ins. Serv.

    TOTALS BY COMPANY                          EXSTAR FINANCIAL                                $295.00
                                               TRANSCO SYNDICATE                             $2,646.00
                                               TCO INSURANCE SERVICES                      $207,800.00

    TOTAL AS OF MAY 97                                                                     $210,741.00
                                                                               
</TABLE>

                                                                               8
<PAGE>   11
       FURNITURE/CABINETS
                            OWNER - TCO INS SERV INC
                            LOCATION - CHICAGO

<TABLE>
<CAPTION>                                                       
      
QTY    DESCRIPT             STYLE                                   UNIT VALUE            EXT VALUE      
<S>   <C>                   <C>                                      <C>               <C>               
 8    BOOKCASE/OAK          36"X72"X12"                                $190.00            $1,520.00   
 1    BOOKCASE/OAK          36"X60"X12"                                $250.00              $250.00   
34    CHAIR GUEST           HERMAN MILLER FABRIC CASTER BASE           $135.00            $4.590.00   
23    CHAIR/PNEUMATIC       HERMAN MILLER HI BK EXEC ARM LTR           $225.00            $5,175.00   
44    CHAIRS                JOHNSON SLED BASE FABRIC                    $80.00            $3,520.00   
26    CHAIRS GUEST          FABRIC CHROME SLED BASE                     $80.00            $2,080.00   
 7    CHAIRS/GUEST          SNYTH LEATHER W/MAHAGONY BASE               $80.00              $560.00   
20    CHAIRS/PNEUMATIC      FABRIC ARM CASTER BASE                      $70.00            $1,400.00   
 5    CREDENZA/OAK          HERMAN MILLER                              $330.00            $1,650.00   
13    CREDENZA/OAK          HARDWOOD HOUSE 78"X24"                     $330.00            $4,290.00   
14    CREDENZA/OAK          STEELCASE 72"X24"                          $330.00            $4,620.00   
14    DESK W/RETURN         STEELCASE 66"X30"X48"                      $600.00            $8,400.00   
 3    DESK/OAK W/RETURN     HERMAN MILLER                              $600.00            $1,800.00   
 4    DESK/OAK W/RETURN     HARDWOOD HOUSE P/C W/KBD TRY               $600.00            $2,400.00   
14    DESK/OAK/RETURN       HARDWOOD HOUSE 78"X36"                     $600.00            $8,400.00   
17    DRAWER PEDESTAL       HARDWOOD HOUSE 2 DRAWER                    $126.00            $2,142.00   
17    DRAWER PEDESTAL       HARDWOOD HOUSE 3 DRAWER                    $150.00            $2,550.00   
 2    FILE CABINET          3 DRAWER METAL                             $210.00              $420.00   
 2    FILE CABINET          2 DRAWER METAL                             $154.00              $308.00   
 2    FILE CABINET          4 DRAWER OAK                               $500.00            $1,000.00   
 3    FILE CABINET          5 DRAWER METAL                             $364.00            $1,092.00   
 1    FILE CABINET          4 DRAWER METAL                             $329.00              $329.00   
 1    FILE CABINET          2 DRAWER MAHOGANY                          $154.00              $154.00   
 2    FILE CABINET          6 FLIPPER 3'X6'X1.5'                       $400.00              $800.00   
15    FILE TRACK            DATUM FILE TRACK PER FOOT                   $76.00            $1,140.00   
42    FILE TRACK            SUPREME FILE TRACK PER FOOT                 $76.00            $3,192.00   
21    FILE UNITS            DATUM 7 SHELF UNITS ON TRACK               $165.00            $3,465.00   
46    FILE UNITS            SUPREME 7SHELF UNITS ON TRACK              $103.00            $4,738.00   
 1    RACK/EQUIPMENT        ERGOTRON COMPUTER EQUIP RACK             $3,000.00            $3,000.00   
 4    SOFA AND CHAIR        72" FABRIC SET                             $150.00              $600.00   
 2    STAND                 TYPEWRITER/OAK                              $45.00               $90.00   
 1    TABLE                 CHROME BASE/GLASS TOP48"X48"               $165.00              $165.00   
 1    TABLE                 RESIN W/GREEN MARBLE 60"X30"X20"           $350.00              $350.00   
 1    TABLE                 RESIN W/GREEN MARBLE 48"X48"X18"           $300.00              $300.00   
 2    TABLE                 VENEER OVAL 18"X24"X24"                    $160.00              $320.00   
 1    TABLE                 LAMINATE/METAL 60"X30"                      $25.00               $25.00   
 1    TABLE                 LAMINATE/METAL 48"X24"                      $20.00               $20.00   
 1    TABLE/CONFERENCE      CUSTOM BURLED WOOD 54"X120"                $900.00              $900.00   
 1    TABLE/CONFERENCE      HERMAN MILLER OAK 84"X42"                  $350.00              $350.00   
</TABLE>                                                        
                                                                   
                                                                   
                                                                              9
<PAGE>   12

<TABLE>
<CAPTION>
QTY DESCRIPT             STYLE                                  UNIT VALUE              EXT VALUE      
<S> <C>                  <C>                                    <C>                      <C>               
10  TABLES               JOHNSON CHROME BASE                     $165.00                 $1,650.00
10  TABLES               FORMICA TOP ROUND CHROME BASE           $165.00                 $1,650.00
 1  TABLE                LAMINATE FOLDING 72"X20"                 $25.00                    $25.00
 2  TABLES               LAMINATE FOLDING 48"X30"                 $20.00                    $40.00
 1  TABLE                LAMINATE FOLDING 60"X30"                 $20.00                    $20.00
 1  TABLE                LAMINATE FOLDING 96"X30"                 $60.00                    $60.00
 3  TABLES GUEST         CHROME AND GLASS 48"X20"X16"            $190.00                   $570.00
 2  TABLES/MAHOGANY      ROUND 24" DIAM                          $350.00                   $700.00

    TOTAL ADDED AFTER INVENTORY COMPLETED                                               $82,820.00
</TABLE>




                                                                              10


<PAGE>   13
     COMFORTS
                             OWNER - TCO INS SERV.
                             LOCATION - SOLVANG

<TABLE>
<CAPTION>                                              
                                                                                                      OWNER        
OTY      DESCRIPT                       MODEL                     UNIT VALUE          EXT VALUE   IF OTHER THAN TCO INS.  
                                                                                                                            
<S>      <C>                            <C>                        <C>                <C>         <C>                       
                                                                                                                           
  4      AIR PURIFIER                   NORELCO/B0STON              $18.00               $72.00                            
  1      AMP/RAYMER                                                $200.00              $200.00                             
 11      ASH TRAY                                                    $2.00               $22.00                         
  1      ASH TRAY                       CRYSTAL                     $16.00               $16.00                         
  3      ASH TRAY                       FREE STANDING               $15.00               $45.00                         
  1      BAR ACCESSORIES                BUCK/TONGS MISC             $35.00               $35.00                         
  1      BASKETBALL                     BACKB0ARD & RIM             $40.00               $40.00                         
  2      BICYCLE RACK                                               $35.00               $70.00                         
  3      BLENDER                                                    $12.00               $36.00                         
  1      CANDY DISH                                                  $1.00                $1.00                                  
  1      COFFEE                         10 LB                       $40.00               $40.00                                  
  8      COFFEE MAKER                                                $8.00               $64.00                                  
  1      COMFORTOR                                                  $10.00               $10.00                                  
100      COOLER                         QTY RCVD FROM TCO            $2.00              $200.00                                  
  1      DECORATIONS/HALLOWEEN          LOT OF MISC                 $15.00               $15.00                                  
  1      DECORATIONS/XMAS               LOT OF MISC                 $25.00               $25.00                                  
 39      FAN                            BOX/DESK                     $8.00              $312.00                                  
  1      FRIDGE/FREEZER                 18"HX15"W GE                $55.00               $55.00                                  
  1      FRIDGE/FREEZER                 24"HX18"W KENMORE           $80.00               $80.00                                  
  1      FRIDGE/FREEZER                 33"HX24"W                  $105.00              $105.00                                  
  1      FRIDGE/FREEZER                 34"HX21"W KENMORE          $100.00              $100.00                                  
  1      FRIDGE/FREEZER                 50"HX24"W                  $125.00              $125.00                                  
  1      FRIDGE/FREEZER                 61"HX28"W GE               $150.00              $150.00                                  
144      GLASSWARE                      NEWWINE GLASSES              $2.00              $288.00                                  
 13      HEADSET                        AIRCRAFT COMM               $55.00              $715.00   TCO Ins. Serv. Inc.            
 22      HEATER                                                     $20.00              $440.00                                  
  1      HOT PLATE                                                   $8.00                $8.00                                  
  1      KITCHEN UTENSILS               MISC LOT                    $15.00               $15.00                                  
 10      MAT/GYM                                                    $10.00              $100.00                                  
  1      MICROWAVE                                                  $25.00               $25.00                                  
135      MUG                            QTY RCVD FROM TCO            $1.00              $135.00                                  
  1      RADIO                          AM FM TV1-TV2 GE            $30.00               $30.00                                  
  2      RAINCOAT                                                    $5.00               $10.00                                  
  1      SCOREBOARD/NEVCO               2400 96"LX36"W             $975.00              $975.00                                  
  1      SPEAKER                        16"BOX BOGEN                $40.00               $40.00                                  
  1      SPEAKER                        FAIR-POOR                   $10.00               $10.00                                  
 12      SPEAKER/CEILING                                           $120.00            $1,440.00                                  
  2      THERMOS                                                     $3.00                $6.00                                  
  3      TOASTER                                                     $6.50               $19.50                                  
  1      TUNER                          BOGEN AM FM TP50A          $200.00              $200 00                                  
  3      UMBRELLA                                                    $7.00               $21.00                                  
  7      WATER DISPENSER                HOT/COLD                   $150.00            $1,050.00                                  
  1      WATER PURIFIER                                             $25.00               $25.00                                  
                                                                                                                                 
         TOTAL INVENTORIED                                                             $7,370.50                                 
                                                                                                                                 
         TOTALS BY COMPANY              TCO INSURANCE SERVICES                        S6.655.50                                  
                                        TCO INSURANCE SERVICES, IN                      $715.00                                  
                                                                                                                                 
ASSETS ADDED AFTER INVENTORY COMPLETED                                                                                           
                                                                                                                                 
  3     BLENDER                                                     $12.00                  $36.0                                
                                                                                                                                 
    TOTAL ADDED AFTER INVENTORY COMPLETED                                                   $36.0                                
                                                                                                                                 
    TOTAL                                                                               $14,777.0                                

</TABLE>                                                                  
                                                                             11
                                                                           
                                                                          
<PAGE>   14
     COMFORTS
                        OWNER - ALPINE INSURANCE
                        LOCATION - SOLVANG

<TABLE>
<CAPTION>
                                                                
QTY    DESCRIPTION      MODEL                    UNIT VALUE     EXT VALUE 

       CHANGES TO COMFORTS BETWEEN OCTOBER 96 AND APRIL 97

<S>    <C>              <C>                      <C>            <C>     
 1     FRIDGE/FREEZER   17.7 CU. FT. G.E.        $150.00        $150.00
 2     MICROWAVES       16.2 CU. FT. G.E.         $89.00        $178.00

      TOTAL AS OF APRIL 97                                      $328.00
</TABLE>



                                                                             12




<PAGE>   15
     COMFORTS
                        OWNER - TCO INS SERV INC
                        LOCATION - CHICAGO

<TABLE>
<CAPTION>
                                                                
QTY    DESCRIPTION      MODEL                    UNIT VALUE     EXT VALUE 

<S>    <C>              <C>                      <C>            <C>     
 1     DISHWASHER       KITCHENAIDE              $100.00        $100.00
 2     FRIDGE/FREEZER   17.7 CU. FT. G.E.        $150.00        $300.00
 1     FRIDGE/FREEZER   4.8 CU. FT.               $55.00         $55.00
 1     MICROWAVE        G.E. TURNTABLE            $50.00         $50.00
 1     MICROWAVE        SHARP CAROUSEL II         $25.00         $25.00
 1     TOASTER OVEN     BLACK AND DECKER           $6.50          $6.50
</TABLE>


       TOTAL ADDED AFTER INVENTORY COMPLETED                    $536.50
                                                                              13



<PAGE>   16


RANCH ITEMS
                               OWNER - EXSTAR
                               LOCATION - SOLVANG
<TABLE>
<CAPTION>

QTY  DESCRIPTION             MAKE/MODEL                     UNIT VALUE    EXT VALUE    
<S>                          <C>                            <C>           <C>
1 AMT 600                    JOHN DEERE                     $1,500.00     $1,500.00        
1 BENCH GRINDER                                                $30.00        $30.00     
1 BLOWER/BACKPACK            JOHN DEERE                       $150.00       $150.00     
3 BROOM                                                         $4.00        $12.00     
2 DIGGING BAR                                                   $8.00        $16.00     
1 EDGER                      MCLANE                           $135.00       $135.00     
9 GAS CAN                    5 GALLON                           $3.00        $27.00     
1 GENERATOR                  JOHN DEERE 2300                  $225.00       $225.00     
3 HOE                                                           $6.50        $19.50     
1 LADDER                     12'                               $60.00        $60.00     
1 LADDER                     6'                                $30.00        $30.00     
1 MOWER                      SNAPPER                          $135.00       $135.00     
1 MOWER/48"                  JOHN DEERE RIDING              $1,500.00     $1,500.00     
2 PRUNER                                                        $8.00        $16.00     
5 RAKE                       LAWN                               $2.00        $10.00     
4 SHOVEL                                                        $4.00        $16.00     
1 SPRAYER/TOWABLE            TANK D671063                     $800.00       $800.00     
1 SPREADER/TOWABLE           9260658/232020000                $500.00       $500.00     
10 SPRINKLER HEAD            HUNTER 1-20-ADV                   $12.00       $120.00     
1 TRACTOR W/BUCKET ASSEMBLY  JOHN DEERE W/REAR MOWER        $5,000.00     $5,000.00     
1 WEEDEATER                  ECHO                             $100.00       $100.00     
                                                                                        
TOTAL                                                                    $10,401.50        

ASSETS ADDED AFTER INVENTORY COMPLETED

1 CARPET STEAM CLEANER     KLEEN-RITE 410-HXI               $2.500.00     $2.500.00
1 STARTING GATE            3-HORSE                            $360.00       $360.00
                                                      
 TOTAL ADDED AFTER INVENTORY COMPLETED                                    $2.860.00
                                                      
 TOTAL                                                                   $13,261.50

</TABLE>
                                                                              14

<PAGE>   17
MAINTENANCE/SUPPLIES
                    OWNER - TCO INS SERV
                    LOCATION - SOLVANG
<TABLE>
<CAPTION>

                                                                                               OWNER
 QTY  DESCRIPTION                MODEL                     UNIT VALUE          EXT VALUE    IF OTHER THAN TCO INS.

<S>   <C>                        <C>                          <C>                <C> 
   1  BAGS/RAGS                  LOT                           $20.00             $20.00 
 248  BATHROOM TISSUE/ROLLS      500 SHEETS/RLL 4.5'X4.5"       $0.50            $124.00 
   2  BIN/PARTS W/CONTENTS       PLASTIC DRAWER STYLE           $8.00             $16.00 
  21  BIN/PARTS                  STACKABLE                      $0.65             $13.65 
   1  BIN/PARTS W/WIRE           SMALL PLASTIC                  $5.00              $5.00 
   1  BLOWER                     SNAPPER/GAS                  $100.00            $100.00 
  30  BRACKET                    SLOT STYLE                     $1.00             $30.00 
   8  BROOM                      ECONOMY                        $4.00             $32.00 
   4  BROOM                      COMMERCIAL PUSH                $9.00             $36.00 
   1  BUFFER                     WEN 3AMP AUTO WAX             $30.00             $30.00 
   1  BUFFER/FLOOR               DELUXE                       $190.00            $190.00 
   5  CART/BOLTED ASSEMBLY        32"LX20"WX28"H TWO TIER      $35.00            $175.00 
   1  CART/WELDED                36"LX34"WX28"H 2 TIER HD      $75.00             $75.00 
   1  CASE                       BLACK INSTRUMENT              $20.00             $20.00 
   2  CAULK GUN                                                 $1.25              $2.50  
  10  CHEMICAL/ 1B 4OZ           INSECTICIDE                    $3.75             $37.50 
   1  CHEMICALS/LOT              GARDEN                        $30.00             $30.00 
   1  CIRCLE SAW                 BLACK & DECK 2 1/8 HP         $25.00             $25.00 
   9  CLEANSER/1 LB 4OZ          DISINFECTANT                   $4.98             $44.82 
   4  CLEANSER/24OZ              WALL WASH                      $5.89             $23.56 
   7  CLEANSER/24OZ              STAINLESS                      $8.00             $56.00 
  21  CLEANSER/ELECTRONIC        DSTNG GAS/TECH SPRY            $6.00            $126.00 
   5  CLEANSER/GALLON            GLASS CLEANER                  $7.87             $39.35 
   3  CLEANSER/GALLON            FLOOR STRIPPER                $12.87             $38.61 
   8  CLEANSER/GALLON            MULTI PURPOSE                  $7.87             $62.96 
   1  CLEANSER/LOT MISC USED     13 1GAL,1580Z SPRYER          $45.00             $45.00
2900  CUP                        SCOTT 80Z HOT/COLD             $0.03             $95.61 
   2  DOLLY                      HD INDUSTRIAL                 $18.00             $36.00 
  10  DOOR                       HOLLOW CORE                   $16.00            $160.00 
   4  DOORMAT                                                   $2.00              $8.00 
   2  DOWEL                      16'X1 1/2"                    $16.00             $32.00 
   1  DRYER                      MAYTAG                        $75.00             $75.00 
   1  DRYER/WASHER               KENMORE STACK UNK            $100.00            $100.00 
  10  EXTENSION CORD             25-75 FT. VARIOUS HD           $5.O0             $50.00 
   5  EXTENSION CORD             25'-50' LIGHTWEIGHT            $1.00              $5.O0 
  17  FACIAL TISSUE/BXS          KLEENEX BRAND                  $1.25             $21.25 
   1  FEATHER DUSTER                                            $5.O0              $5.O0 
  11  FILTER/FURNACE                                            $0.80              $8.80 
   3  FIRE EXTINGUISHER          20LB+                         $61.00            $183.00 
  30  FIRE EXTINGUISHER          4 1/2 LB+                     $28.00            $840.00 
   2  FIRE EXTINGUISHER          HALON                         $60.00            $120.00 
   7  FIRSTAID KIT               INC MISC RELATED SUPPLIES     $12.00             $84.00 
   7  FLARES                     AERIAL                         $3.66             $25.62 TCO Ins. Serv. Inc 
  26  FLASHLIGHT                 EVER/B&D/RCHARGABLE            $9.O0            $234.00 
   2  FLOOR DRYER                TURBO CAT                    $130.00            $260.00 
   1  GAS CAN                    5 GALLON                       $3.00              $3.00 
   2  GAS CAN                    2.5GALLON                      $1 50              $3.00 
   1  GLASS/PLATE                77"LX48"WX1/2" THICK         $225.00            $225.00 
   1  GRINDER/BENCH              6"                            $25.00             $25.00 
   1  HAND TRUCK                 WELDED/HD                     $75.00             $75.00 
   2  HAND TRUCK                 PLTFRM/CONVERTABLEI4WH        $98.00            $196.00 

</TABLE>

                                                                             15

<PAGE>   18
<TABLE>
<CAPTION>

QTY DESCRIPTION                    MODEL                      UNIT VALUE  EXT VALUE   IF OTHER THAN TCO INS.
   <S>                         <C>                            <C>          <C>
   2 HAND TRUCK                PLTFRM W/36"DUAL RAILING         $112.00       $224.00
   1 HAND TRUCK                BOLTED ASSEMBLY                   $20.00        $20.00
   1 HARDWRE/MISC LOT          NUTS,BLTS,SCREWS,ETC              $15.00        $15.00
   1 HOSE                      25FT                               $5.00         $5.00
   2 INSULATION                ROLLS/70FT AFT FACED              $17.00        $34.00                  
   1 JANITORIAL CART/CONTENTS                                    $35.00        $35.00
   1 LADDER                    4 FT ALUM                         $24.00        $24.00
   1 LADDER                    32 FT EXTENSION/ALUM             $130.00       $130.00
   1 LADDER                    8 FT ALUM                         $40.00        $40.00
   2 LADDER/STEP               WERNER                            $18.00        $36.00
   1 LEVEL                     3'                                 $5.00         $5.00
   1 LIFTIGENIE EASY UP 15 FT  EU-15M 300LB CAP               $1,150.00     $1,150.00 TCO Ins. Serv. Inc.
 105 LIGHT BULB                60WATT+/COMMERCIAL QUAL            $1.00       $105.00
  28 LIGHT BULB                75 WATT/OUTDOOR                    $3.50        $98.00
   1 LIGHT BULB                ELEC COMP FLOUR REFLECT           $11.00        $11.00
   8 LIGHT BULB                8' DOUBLE PIN                      $0.79         $6.32
  18 LIGHT BULB                MINI FLOOD/INDOOR                  $3.00        $54.00
   1 LIGHT BULB CHANGER                                          $12.00        $12.00
   5 MOP                       ECONOMY                            $2.50        $12.50
   7 MOP                       COMMERCIAL PUSH                   $15.00       $105.00
   3 MOP BUCKET                COMMERCIALYELLOW                  $39.00       $117.00
   1 MOWER                     SNAPPER/GAS                      $135.00       $135.00
   1 OIL CAN                   W/24' FLEX NEEDLE NOZZLE          $10.00        $10.00
   2 PACKING                   BUBBLE 25' ROLLSQ4'               $35.00        $70.00
1600 PAPER TOWEL               SINGLEFOLD                         $0.01       $233.28
 120 PAPER TOWEL/ROLLS         72 SHEETS/ROLL 11.2S"X11"          $0.50        $60.00
   1 PLEXIGLASS                4'X8'FAIR-POOR                    $15.00        $15.00
   2 PLUNGER                                                      $1.50         $3.00
   1 PRESS                     AMP. CONNECTOR                    $40.00        $40.00
   1 PROTECTOR                 FACE/MESH STYLE                    $9.00         $9.00 TCO Ins. Scrv. Inc.
   6 PROTECTOR                 FIRE SMOKE ESCAPE HOOD            $62.00       $372.00 TCO Ins. Serv. Inc.
   1 PUMP                      TO INFLATE                         $6.00         $6.00
   1 ROPE                      100' POLY 3/8"                     $4.00         $4.00
  10 SAFETY CONE               TALL RED                           $9.00        $90.00
   5 SAFETY SIGN               CAUTION WET FLOOR                 $13.00        $65.00
   2 SAW                       MITER/HAND W/1 BOX                $18.00        $36.00
   1 SCRAP                     LOT OF STEEL MISC SHELVNG          $5.00         $5.00
   1 SCRAP                     ALUMINUM/PANES                    $40.00        $40.00
   1 SCRAP                     STAINLESS                          $5.00         $5.00
   1 SCRAP                     BRASS                             $15.00        $15.00
   1 SCRAP/FURNACE                                                $5.00         $5.00
   1 SCREWDRIVER               CORDLESS                          $12.00        $12.00
  12 SHAMPOO                   PERSONAL                           $1.19        $14.28
   1 SLEDGEHAMMER                                                $12.00        $12.00
   1 SOAP DISPENSER                                               $6.00         $6.00
   1 SOLDERING IRON            IMPORT                            $11.00        $11.00
  25 SPONGE                    SCOTCH BRITE/PUMICE                $0.15         $3.75
   1 SPRAYER                   PLASTIC TANK                      $10.00        $10.00
   1 SPRAYER                   STAINLESS TANK                    $30.00        $30.00
   1 STAPLER                   ARROW T50M                        $12.00        $12.00
   2 TAPE DISPENSER            SHIPPING                           $5.00        $10.00
   3 TARP                      PLASTIC/HEAVY DUTY                 $6.00        $18.00
   1 THERMOMETER                                                  $8.00         $8.00
   1 THERMOMETER               TEMP/HUMIDITY                     $15.00        $15.00
 350 TILE/CEILING              POOR                               $0.36       $126.00
1250 TOILET SEAT COVERS                                           $0.02        $31.24
   2 TOOL BOX & CONTENTS       24'LX8" DX8"W STEEL W/TRY         $20.00        $40.00
</TABLE>

                                                                              16

<PAGE>   19


<TABLE>
<CAPTION>
QTY    DESCRIPTION                  MODEL                         UNIT VALUE     EXT VALUE    If other than TCO Ins.
<S>    <C>                          <C>                           <C>            <C>          <C>  

1      TOOL KIT                     ELECTRONIC PURPOSES           $16.00          $16.00  
4      TOOl/CRIMPING                HAND                           $5.00          $20.00  
2      TOOLS/MISC LOT               SLDR,BITS,HMRS.S/DRVRS.+      $20.00          $40.00  
1      TOOLS/MISC LOT GARDEN        RAKES/HOE/HLE DIGG, ETC       $75.00          $75.00
1      TOW MOTOR                    JET POWER PULL               $327.00         $327.00      TCO Ine. Serv. Inc.
9      TRASH CAN                    32 GALLON+                     $5.00          $45.00                        
1      TRASH CAN                    ROLLING DUMPSTER STLYE       $114.00         $114.00                        
1      TUB                          WASH                           $7.00           $7.00                        
1      VACUUM                       SHOPVAC 1.2HP                 $18.00          $18.00                        
4      VACUUM                       SMALL CANNISTER FAIR-POOR     $15.00          $60.00                        
1      VACUUM                       BLACK & DECKER DSTBSTR        $15.00          $15.00                        
2      VACUUM                       UPRIGHT ROYAL                 $35.00          $70.00                        
1      VACUUM                       COMMERCIAL QUICK KLEEN        $65.00          $65.00                        
1      VACUUM/DUST & TONER          3M OFFICE SYSTEM 496AG        $89.00          $89.00                        
1      WEEDEATER                    ECHO/GAS                      $35.00          $35.00                        
1      WIRE MOLD/LOT                                               $5.00           $5.00                        
   
       TOTAL                                                                   $9,085.61                        
  
       TOTALS BY COMPANY            TCO INSURANCE SERVICES                     $7,201.99                        
                                    TCO INSURANCE SERVICES, INC.               $1,883.62                        


ASSETS ADDED AFTER INVENTORY COMPLETED                                                                          
                                                                                                                
1      FISH TAPE                    FTS-2W STEEL                  $50.00          $50.00                        
4      FLOOR MATS                   3'X100'                      $100.00         $400.00                        

       TOTAL                                                                     $450.00

       TOTAL                                                                  $18.621.22
                                                                                                         17
</TABLE>

<PAGE>   20


         
         
MAINTENANCE/SUPPLIES
                       OWNER - TCO INS SERV INC.
                       LOCATION - BERMUDA DUNES & CHICAGO
<TABLE>
<CAPTION>

OTY     DESCRIPTION             MODEL                                   UNIT VALUE      EXT VALUE       LOCATION 
<S>     <C>                     <C>                                     <C>             <C>             <C>
2       BROOM/DUST PAN          SET                                         $4.00           $8.00       CHICAGO
1       CART A/V                WELDED H/D 2 TIER                          $75.00          $75 00       CHICAGO
1       CLEANING SUPPLIES       MISC LOT CLENSERS, ETC.                    $50 00          $50.00       CHICAGO
6       FIRE EXTINGUISHERS      4.5 LB                                     $28.00         $168.00       CHICAGO
2       FIRST AID KIT           INC MISC RELATED SUPPLIES                  $12.00          $24.00       CHICAGO
15      FLASHLIGHTS             EMERGENCY LIGHTS/EVER                      $39.00         $135.00       CHICAGO
500     PLASTIC CUPS            8 OZ. HOT/COLD                              $0.03          $15.00       CHICAGO
2       TOOL KIT                ELECTRONIC                                 $16.00          $32.00       CHICAGO
1       TOOLS                   MISC LOT, HMRS, S/DRVRS/ETC                $20.00          $20.00       CHICAGO
4       TRASH CANS              32 GALLON                                   $5.00          $20.00       CHICAGO
1       VACUUM                  ROYAL UPRIGHT                              $35.00          $35.00       CHICAGO
1       TOW MOTOR               POWER TUG JET PULL                      $1,400.00       $1,400.00       BERMUDA DUNES

        TOTAL ADDED AFTER INVENTORY COMPLETED                                           $1,982.00
</TABLE>

                                                                              18
<PAGE>   21


MODULAR FURNITURE
                             OWNER - TCO INS SERV.
                              LOCATION - SOLVANG
<TABLE>
<CAPTION>

QTY      DESCRIPTION                    DIMENSION            UNIT VALUE                 EXT VALUE

<S>      <C>                            <C>                    <C>                      <C>
96       PINBOARD                                                $40.00                 $3,840.00
29       FILE/DRAWER TUB STYLE                                  $120.00                 $3,480.00
15       CABINET, O/HEAD                                         $78.00                 $1,170.00
67       WORK SURFACE                                            $70.00                 $4,690.00
52       CABINET, O/HEAD POOR                                    $20.00                 $1,040.00
1        WORKSURFACE/MISC LOT POOR                               $30.00                    $30.00   
64       LIGHT FIXTURE/UNDER CABINET                             $42.00                 $2,688.00
35       FILE, LATERAL, SUSP SNGLE DR                            $87.50                 $3,062.50
1        PANEL/MISCAPPROX40PCS POOR      VARIOUS                 $10.00                    $10.00   
35       PANEL/ PREDOM HAWORTH           63"HX36"W               $75.00                 $2,625.00
1        PANEL/PREDOM HAWORTH            40"HX30"W               $40.00                    $40.00   
99       PANEL/PREDOM HAWORTH            60"HX24"W               $48.00                 $4,752.00
6        PANEL/PREDOM HAWORTH            60"HX60"W              $120.00                   $720.00
2        PANEL/PREDOM HAWORTH            60"HX16"W               $32.00                    $64,00
8        PANEL/PREDOM HAWORTH            63"HX24"W               $50.00                   $400.00
2        PANEL/PREDOM HAWORTH            39"HX24"W               $31.00                    $62.00
1        PANEL/PREDOM HAWORTH            39"HX30"W               $39.00                    $39.00
1        PANEL/PREDOM HAWORTH            63"HX72"W              $144.00                   $144.00
1        PANEL/PREDOM HAWORTH/ACRYLIC                           $100.00                   $100.00
1        PANEL/PREDOM HAWORTH            39"HX35"W               $45.00                    $45.00   
4        PANEL/PREDOM HAWORTH            72"HX22"W               $53.00                   $212.00       
6        PANEL/PREDOM HAWORTH            48"HX22"W               $36.00                   $216.00       
6        PANEL/PREDOM HAWORTH            72"HX30"W               $70.00                   $420.00       
12       PANEL/PREDOM HAWORTH            60"HX30"W               $64.00                   $768.00       
4        PANEL/PREDOM HAWORTH            60"HX48"W               $96.00                   $384.00       
3        PANEL/PREDOM HAWORTH            32"HX26"W               $28.00                    $84.00        
3        PANEL/PREDOM HAWORTH            36"HX24"W               $29.00                    $87.00        
58       PANEL/PREDOM HAWORTH            72"HX36"W               $86.00                 $4,988.00     


2        MODWRKSTATION/PRED HAWORTH     63"HX91"WX88"D        $1,231.00                 $2,462.00
         11 PANELS, 5 WK SFC,1 O/HEAD LIT CAB, 1 PIB

28       MOD WRK STATION/PRED HAWORTH   63-HX99"WX96"D        $1,765.00                $49,420.00
         11 PANELS, 5WK SFC, 2 TUB FILE, 2 O/HEAD LIT CAB, 2 PIB

2        MODWRKSTATION/PRED HAWORTH     63-HX144"WX100-D      $2,796.00                 $5,592.00
         12 PANELS,6 WK SFC,3 PIB,2 O/HEAD LIT CAB, 6 TUB FILES

1        MODWRKSTATION/PRED HAWORTH 63"HX168"WX126"D          $3,515.00                 $3,515.00
         16 PANELS, 4 O/HEAD LIT CAB,4 PIB, 7 WK SFC, 4 TUB FILES
     

</TABLE>
                                                                       

<PAGE>   22

<TABLE>
<CAPTION>
QTY      DESCRIPTION                        DIMENSION           UNIT VALUE      EXT VALUE
<S>      <C>                                <C>                 <C>             <C>

1        MOD WRK STATION/PRED HAWORTH       44"hX41"WX24"D       $159.00         $159.00
         3 PANELS, 1 WK SFC
2        MOD WRK STATION/PRED HAWORTH       63"HX52"WX24"D       $252.00         $504.00
         3 PANELS, 2 WK SFC                                      
3        MOD WRK STATION/PRED HAWORTH       63"HX64"WX24"D       $278.00         $834.00
         4 PANELS, 2WK SFC
1        MOD WRK STATION/PRED HAWORTH       28"HX72"WX36"D     $1,153.00       $1,153.00
         4 PANELS,1 S.P. DSK, 2 O/HEAD LIT CAB, 2 LAT FLS, 2 WK SFCE
1        MOD WRK STATION/PRED HAWORTH       63"HX64"WX24"D       $398.00         $398.00
         5 PANELS, 2WK SFC,1 TUB FILE
2        MOD WRK STATION/PRED HAWORTH       53"HX74"WX64"D       $996.00       $1,992.00
         6 PANELS, 3 WK SFC,1 O/HEAD LIT CAB, 2 TUB FILES
3        MOD WRK STATION/PRED HAWORTH       63"HX96"WX76"D     $1,106.00       $3,318.00
         7 PANELS, 3 WK SFC, 2 O/HEAD CAB
2        MOD WRK STATION/NON ACOUSTIC       42"HX118"WX48"D    $1,050.00       $2,100.00
         7 PANELS, 6 WK SFC,1 TUB FILE
2        MOD WRK STATION/PRED HAWORTH       63"HX108"WX72"D    $1,770.00       $3,540.00
         7 PANELS,SWK SFC,3 TUB FILES,2 O/HEAD LIT CAB, 3 P/B
1        MOD WRK STATION/PRED HAWORTH       63"HX113"WX8S'D      $944.00         $944.00
         8 PANELS, 2 P/8
1        MOD WRK STATION/PRED HAWORTH       63"HX148"WX75"D    $1,470.00       $1,470,00
         9 PANELS,4 WK SFC,1 TUB FILE
1        MOD WRK STATION/SOLID WOOD         30"HX83"WX36"D     $1,649.00       $1,649.00
         PANELS,DSK, RETURN, CORNER UNIT,
         3 O/HEAD CAB,2 LAT FILE


         TOTAL                                                              $115,210.50

         CHANGES TO MODULAR FURNITURE BETWEEN OCTOBER 96 AND APRIL 97

1        PANEL/MISCAPPROX40PCS POOR       Sold           $10.00                 ($10.00)  TCO Ins. Serv.
18       CABINET, O/HEAD POOR             Sold           $20.00                ($360.00)  TCO Ins. Serv.
1        WORKSURFACE/MISC LOT POOR        Sold           $30.00                 ($60.00)  TCO Ins. Serv.

         TOTAL AS OF APRIL 97                                               $114,780.50   TCO Ins. Serv.
                               
</TABLE>
                                                                            20
<PAGE>   23

  MODULAR FURNITURE
               OWNER - TCO INS SERV INC
               LOCATION - CHICAGO

<TABLE>
<CAPTION>

QTY  DESCRIPTION                 MAKE              UNIT VALUE   EXT VALUE
<S>  <S>                     <C>                     <C>        <C>
     13 CABINET O/HEAD       HERMAN MILLER            $78.00    $1,014.00
     14 CABINET O/HEAD       STEELCASE                $78.00    $1,092.00
     26 CABINET O/HEAD       HARDWOOD HOUSE          $120.00    $3,120.00
     17 DRAWERS              HERMAN MILLER           $120.00    $2,040.00
     14 DRAWERS              STEELCASE               $120.00    $1,680.00
     27 PIN BOARDS           HERMAN MILLER            $40.00    $1,080.00
     17 PIN BOARDS           STEELCASE                $40.00      $680.00
     14 WORK SURFACE         STEELCASE                $70.00      $980.00
      8 WORK SURFACE         HERMAN MILLER            $70.00      $560.00
     15 WORK SURFACE W/BASE  HERMAN MILLER           $150.00    $2,250.00
     
      1 MODULAR WORKSTATION   84"WX96"DX44"H       $2,100.00    $2,100.00
        MAHOGONY, GREEN MARBLE TOP, LAMINATE WORK SURFACE SURROUND

        TOTAL ADDED AFTER INVENTORY COMPLETED                  $16,596.00
</TABLE>


                                                                             21


<PAGE>   24


          OFFICE SUPPLIES
                              OWNER - TCO INS SERV
                              LOCATION - SOLVANG

<TABLE>
<CAPTION>
QTY       DESCRIPT            SPEC            UNIT VALUE   EXT VALUE
<S>       <C>                 <C>                <C>       <C>
   1      ACRYLIC LTTRTRY                        $32.00       $32.00
 721      ACCECIDSK           PLASTIC             $1.00      $721.00
 129      ACCECIDSK           STEEL/WOOD         $12.00    $1,548.00
 150      BATTERIES           AAA-D BRAND         $0.99      $148.50
1560      BIND CLIPS          1"                  $0.07      $109.20
5000      BIND STRIP                              $0.11      $550.00
 100      BINDER              3RING NEW           $0.99       $99.00
  40      BINDER              DATA                $1.65       $66.00
  61      BINDER,CSE          3RING USED          $2.00      $122.00
  24      BOX/BANKER                              $1.30       $31.20
   9      CASSETTE            MICRO               $0.75        $6.75
 129      CHAIR MAT           LARGE              $12.00    $1,548.00
  19      COPYHOLDER                              $5.00       $95.00
  34      CORKBOARD           24"X36"             $8.00      $272.00
   8      CORKBOARD           36"X48"            $15.00      $120.00
   1      CORKBOARD           60"X71"            $67.00       $67.00
   1      CUSHION             BACK                $6.00        $6.00
  16      DESK PAD            24"X36"             $7.00      $112.00
   1      DESK PAD            ACRYLIC            $45.00       $45.00
   4      DESKLAMP                                $5.00       $20.00
 100      DISKETTE            1.44 FLOPPY         $0.35       $35.00
 400      DIVIDER             INDEX               $0.08       $32.00
   1      ENCLOSURE           PRINTER            $29.00       $29.00
3600      ENVELOPE            CLASP,BUS           $0.09      $324.00
 250      FOLD/CLASS          ACCO                $1.99      $497.50
1250      FOLD/FILE           8-1/2"X11"          $0.06       $75.00
7400      FOLDERS             HNG FILEIMISC       $0.19    $1,406.00
  11      FOOTREST            RBBRMAIDB3M         $6.00       $66.00
 106      HOLE PUNCH                              $4.90      $519.40
   5      HOLE PUNCH          H.D. 50+           $25.00      $125.00
  21      HOLE PUNCH          MED-DUTY           $12.00      $252.00
   2      HOLE PUNCH          PRESS,130+        $108.00      $216.00
   4      KEYBOX              LOCKABLE           $21.00       $84.00
   2      KEYBOX              OPEN FILE          $15.00       $30.00
1000      LABEL               FILE FOLDER         $0.01       $10.00
   1      MISC LOT            OFFICE SUPPLIES   $225.00      $225.00
  15      MKR BOARD           24"X36"             $8.00      $120.00
   4      MKR BOARD           30"X40"EASEL       $50.00      $200.00
                                
</TABLE>

                                                                            22

<PAGE>   25

<TABLE>
<CAPTION>


   QTY      DESCRIPT        SPEC                   UNIT VALUE  EXT VALUE
<S>         <C>             <C>                    <C>         <C>
    15      MKR BOARD       36"X48"                 $15.00       $225.00
     1      MKR BOARD       36"X60"                 $25.00        $25.00
     2      MKR BOARD       48"X72"                 $45.00        $90.00
    50      MONITR ARM      ADJUSTABLE              $15.00       $750.00
   100      PAPER           LEGAL PAD                $0.58        $58.00
     1      PAPER CTTR      12"X12"                 $21.00        $21.00
     1      PAPER CTTR      12"X22"                 $25.00        $25.00
     1      PAPER CTTR      14"X17"                 $25.00        $25.00
     1      PAPER CTTR      16"X16"                 $45.00        $45.00
     1      PAPER CTTR      25"X25"                $154.00       $154.00
 16800      PAPERICOMP      14718"X11"#18            $0.01       $168.00
  2800      PAPERICOMP      14 7/8"                  $0.04       $112.00
  1000      PAPERICOMP      14718"X11"3PT            $0.09        $90.00
  2500      PAPERICOMP      9 1/2"X11"               $0.01        $25.00
  1000      PAPERICOMP      9 1/2"X11"               $0.03        $30.00
127250      PAPERICOPY      8 1/2"X11"               $0.01     $1,272.50
  2250      PAPERICOPY      8 1/2"X14"               $0.01        $22.50
     5      PAPERIFAX       (ROLLS)                  $2.17        $10.85
 85000      PAPERANKJ       8 1/2"X11"               $0.01       $850.00
  1000      PAPERILSR       8 1/2"X11                $0.01        $10.00
 11000      PAPERITYPE      8 1/2"X11"               $0.01       $110.00
 25500      PAPERIZJET      14718                    $0.02       $510.00
  2000      PAPERIZJET      8 1/2e'X11"              $0.02        $40.00
   172      PEN REFILL      PARKER QUAL              $1.00       $172.00
   900      PEN/HIGHLT      BRAND                    $0.38       $342.00
     7      PLN HOLDR       CBOARD POOR              $4.00        $28.00
     5      PNCL SHARP      ELECTRIC                 $9.00        $45.00
   130      PWR STRIP                                $4.00       $520.00
     2      PWR STRIP       4' (15 OULET)           $40.00        $80.00
     5      RIBBON          HP 92820545 UNK          $5.00        $25.00
     6      RIBBON          TOSH BM173 UNK           $5.00        $30.00
    29      ROLODEX                                  $3.50       $101.50
    41      RULER           12"X1" ST STEEL          $1.50        $61.50
    22      SCISSORS        FISKARS                  $3.00        $66.00
     1      SCREEN          PROJECTION              $50.00        $50.00
   300      SHEET           PROTECTOR                $0.08        $24.00
    26      STAMP                                    $1.00        $26.00
    66      STAMPER/MECH    SELF-INK                 $8.00       $528.00
     5      STAPLER         100 SHTS                $25.00       $125.00
     2      STAPLER         240 SHTS                $30.00        $60.00
   112      STAPLER         SWING 747 QUAL           $5.00       $560.00
    76      STAPLES/BX      SWINGLINE                $0.75        $57.00
   500      TABSTIK BX      COLOR LBLS               $1.00       $500.00
    94      TAPE DISP                                $1.00        $94.00
    24      TONER           ACOM                     $6.00       $144.00
     3      TONER           CANON FX1              $110.00       $330.00
                                           
</TABLE>
                                                                            23
<PAGE>   26


<TABLE>
<CAPTION>
    QTY DESCRIPT         SPEC                        UNIT VALUE    EXT VALUE
    <S>                  <C>                             <C>     <C>         <C>
      5 TONER            CANONNPG1                        $15.60     $78.00
      2 TONER            CANONNPG5                        $45.00     $90.00
      6 TONER            HP92285A                         $99.00    $594.00
     14 TONER            HP92291A                        $140.00  $1,960.00
     12 TONER            HP92295A                         $75.00    $900.00
      6 TONER            HP92298                         $103.00    $618.00
      6 TONER            HPC3900A                        $149.00    $894.00
      8 TONER            XEROX1090,4050                   $24.43    $195.44
     11 TONER            XEROX5028                        $58.00    $638.00
      2 TONER            XEROX5046                        $63.25    $126.50
    193 TRASHCAN                                           $1.35    $260.55
     36 TRASHCAN         MESH/BAG                          $3.75    $135.00

      TOTAL                                                      $25,091.89

    ASSETS ADDED AFTER INVENTORY COMPLETED

      52 CASSETTE        MICRO                             $0.75     $38.25
       3 DESK PAD        ACRYLIC                          $45.00    $135.00
       4 DESKLAMP                                          $5.00     $20.00
     100 DISKETTE        1.44 FLOPPY                       $0.35     $35.00
      20 SCISSORS        FISKARS                           $3.00     $60.00


           TOTAL ADDED AFTER INVENTORY COMPLETED                    $288.25

           TOTAL                                                 $25,380.14
</TABLE>

                                                                              24

<PAGE>   27
                                   530OFSP

     OFFICE SUPPLIES

                           OWNER - TCO INS SERV INC
                              LOCATION - CHICAGO

<TABLE>
<CAPTION>

   QTY DESCRIPT                       SPEC              UNIT VALUE    EXT VALUE
   <S>                                <C>                   <C>      <C>
      28 CHAIRMAT                     LARGE                  $12.00     $336.00
      30 DESK TRAY LTR                PLASTIC                 $1.00      $30.00
      84 DESK TRAY LTR                CHROME/ACRYLIC         $32.00   $2,688.00
       4 DESK TRAY LTR                METAL                   $4.00      $16.00
      18 DESKLAMPS                    TASK                    $5.00      $90.00
      12 DESKPAD                      24"X36"                 $7.00      $84.00
      13 DESKPAD                      CHROME/ACRYLIC         $45.00     $585.00
      25 HOLE PUNCH                   2 HOLE                  $4.90     $122.50
      13 KEYBOARD DRAWER              ERGONOMIC              $75.00     $975.00
      15 MECH STAMP                   DATE STAMPER            $8.00     $120.00
       1 OFFICE SUPPLIES/MISC         LEGAL PADS, PENS, ETC.$500.00     $500.00
       1 PAPER CUTTER                 16"X16"                $45.00      $45.00
   28500 PAPER STOCK                  8 1/2"X11"              $0.01     $285.00
      42 PENCIL HOLDERS               CHROME/ACRYLIC         $30.00   $1,260.00
      32 POWER STRIP                                          $4.00     $128.00
      30 STAPLERS                     SWINGLINE               $5.00     $150.00
       1 STAPLERS                     HEAVY DUTY             $30.00      $30.00
      25 TAPE DISPENSER               WEIGHTED                $1.00      $25.00
       2 TAPE DISPENSER               SHIPPING 3"             $6.00      $12.00
       6 TONER                        XEROX 1090             $24.43     $146.58
       4 TONER                        HP92298               $103.00     $412.00
       3 TONER                        FX1                   $110.00     $330.00
      29 TRASH CANS                   PLASTIC                 $1.35      $39.15
      15 TRASHCAN                     CHROME/ACRYLIC         $40.00     $600.00
</TABLE>

     TOTAL ADDED AFTER INVENTORY COMPLETED                            $9,009.23

                                   Page 25

<PAGE>   28
     VEHICLES 

                     OWNER - EXSTAR
                     LOCATION - SOLVANG
<TABLE>
<CAPTION>


        YEAR   MAKE      MODEL   ID#      VALUE
        <S>    <C>       <C>     <C>     <C>
        1979   FORD      PICK-UP 1214    $2,025.00
</TABLE>

TOTAL ADDED AFTER INVENTORY COMPLETED    $2,025.00


                                                                              26

<PAGE>   29

   VEHICLES 
                            OWNER - TCO INS SERV.
                             LOCATION - SOLVANG

   Added After Inventory Completed:

<TABLE>
<CAPTION>

   YEAR MAKE     MODEL                  ID#     VALUE
   <S>  <C>      <C>                    <C>      <C>
   1986 CHEVY    BLAZER                 1850     $4,475.00
   1986 FORD     VAN                    4811     $4,625.00
   1993 FORD     PICK-UP                 502     $7.175.00
   1973 FORD     DUMP TRUCK             6595     $2.500.00

       TOTAL ADDED AFTER INVENTORY COMPLETED    $18,775.00
  
</TABLE>


                                                                            27
<PAGE>   30
  ART DECCO
                             OWNER - TCO INS SERV
                              LOCATION - SOLVANG
<TABLE>
<CAPTION>

QTY DESCRIPT               SPEC                        UNIT VALUE    EXT VALUE
   <S>                     <C>                            <C>         <C>
   1 ANIMAL FIGURE         ARMADILLO BRSS SHELL           $199.00     $199.00
   1 ANIMAL FIGURE         DOLPHIN BRASS SHELL            $199.00     $199.00
   1 ANIMAL FIGURE         LION BRASS SHELL               $199.00     $199.00
   2 ANIMAL FIGURE         BUCK/BRSS/KOREAN MDE            $20.00      $40.00
   1 ART/FRAMED            PALACO '89 117/428             $150.00     $150.00
   10 ART/FRAMED           PLASTIC/TCO GROUNDS              $4.00      $40.00
   8 ART/FRAMED                                            $15.00     $120.00
   6 ART/FRAMED                                            $75.00     $450.00
   12 ART/FRAMED                                           $25.00     $300.00
   1 ART/FRAMED NIEMAN     35/175 HURDLE JUMPER SERI      $682.00     $682.00
   1 ART/FRAMED NIEMAN     243/300 TENNIS PLAYER SERI     $682.00     $682.00
   1 ART/FRAMED NIEMAN     144/300 SKIER SERI             $682.00     $682.00
     ART/FRAMED NIEMAN     236/300 JOCKIES SERI           $682.00     $682.00
   1 ART/FRAMED NIEMAN     UNMKD SURFERS SERI             $682.00     $682.00
   1 ART/FRAMED NIEMAN     2121300 BOXERS SERI            $682.00     $682.00
   1 ART/FRAMED NIEMAN     195/300 JOCKIES SERI           $682.00     $682.00
   l ART/FRAMED NIEMAN     279/300 LION PRIDE SERI        $682.00     $682.00
   l ART/FRAMED NIEMAN     UNMKD SALOON SERI              $682.00     $682.00
   1 ART/FRAMED NIEMAN     293/300 STK MRKT SERI          $682.00     $682.00
   1 ART/FRAMED NIEMAN     282/300 FOX HUNT SERI          $682.00     $682.00
   1 ART/FRAMED NIEMAN     215/300 RODEO SERI             $682.00     $682.00
   1 ART/FRAMED NIEMAN     271/300 MARLIN FISH SERI       $682.00     $682.00
   1 ART/FRAMED NIEMAN     227/300 ROULETTE TBLE SERI     $682.00     $682.00
   1 APT/FRAMED NIEMAN     15/300 FOX HUNT SERI           $682.00     $682.00
   1 ART/FRAMED NIEMAN     293/300 TIGER SERI             $682.00     $682.00
   1 ART/FRAMED NIEMAN     12/175 TRACK & FIELD SERI      $682.00     $682.00
     ART/FRAMED NIEMAN     180/300 BILLIARD SERI          $682.00     $682.00
   1 ART/FRAMED NIEMAN     253/300 FOOTBALL SERI          $682.00     $682.00
   1 ART/FRAMED NIEMAN     UNMKD GOLF LITHO               $682.00     $682.00
   1 ART/FRAMED NIEMAN     UNMKD WSTCHST CLSC             $682.00     $682.00
   1 ART/FRAMED NIEMAN     UNMKDARNLD PALM LITHO          $682.00     $682.00
   l APT/FRAMED TERRILL                                   $150.00     $150.00
   24 BASKET               WICKER                           $1.00      $24.00
   1 BIPLANE/HEATED COPPR  MADE IN HONG KONG                $8.00       $8.00
   1 CLOCK                 SECO WESTMINSTER               $300.00     $300.00
   1 CLOCK                 VERACHRONIN WORLD               $90.00      $90.00
   2 CLOCK/AMFM                                             $9.00      $18.00
   1 CLOCK/DIGITAL DSK                                      $5.00       $5.00
</TABLE>

                                                                              28


<PAGE>   31

<TABLE>
<CAPTION>
     QTY DESCRIPT            SPEC                    UNIT VALUE  EXT VALUE
      <S>                    <C>                   <C>         <C>
      14 CLOCK/WALL          12" ECONOMY               $16.00     $224.00
      1 CLOCK/WALL EXEC      13" BULLAVA               $80.00      $80.00
      2 CLOCK/WALL EXEC      SETH THOMAS 10"           $25.00      $50.00
      1 CURIO                                           $5.00       $5.00
      1 FIREPLACE SET        BRASS/SOLD/HEAVY          $50.00      $50.00
      2 MIRROR               20"LX14"                   $5.00      $10.00
      1 MODEL                TRUCK/BRASS SHELL        $199.00     $199.00
      1 MODEL                GUN SHIP 44"LX26"H       $450.00     $450.00
      1 MODEU1 OF 24 1988    WILSON 16"T SACRIFCE     $450.00     $450.00
      1 MODEUROTORY PMPR     FRE ENG 10"LX3"WX3"L     $185.00     $185.00
      1 OIL LAMP             KEROSINE/COPPR 50/51      $45.00      $45.00
      84 PLANT               SMALL-5'                  $30.00   $2,520.00
      53 PLANT/POT           5'+                      $105.00   $5,565.00
      1 POT                  BRASS PLANT               $30.00      $30.00
      4 POTTERY              HAND CRAFTED              $12.00      $48.00
      1 STATUEANDIAN BRONZE  1500LB 86"TX3.5"GIRTH $45,000.00  $45,000.00
      1 VASE                 CERAMIC                   $18.00      $18.00
      1 VASE                 BRASS                     $10.00      $10.00
      7 VASE                                            $0.99       $6.93

      TOTAL                                                    $72.241.93
</TABLE>


NOTE:UNIT VALUE OF ALL NIEMAN ARTWORK AVERAGED IN "LOT"

                                                                              29



<PAGE>   32


  ART DECCO
                           OWNER - TCO INS SERV INC
                              LOCATION - CHICAGO

<TABLE>
<CAPTION>

       QTY DESCRIPT        SPEC            UNIT VALUE      EXT VALUE

        <S>               <C>                 <C>          <C>
        22 PLANTS          SMALL <5'           $30.00        $660.00
        39 PLANT/POT       5'+                $105.00      $4,095.00
        15 FRAMED ARTWORK  MISC 4'X4'          $75.00      $1,125.00
        31 FRAMED ARTWORK  MISC 3'X3'          $50.00      $1,550.00
        4 FRAMED ARTWORK   MISC 2.5'X2.5'      $25.00        $100.00

 TOTAL ADDED AFTER INVENTORY COMPLETED                     $7,530.00
                                                                              30
</TABLE>


<PAGE>   33

SOFTWARE                               OWNER - EXSTAR

<TABLE>
<CAPTION>

SOFTWARE NAME                                  #OF COPIES         COMMENTS                  SIZE VALUE
<S>                                            <C>                <C>                       <C>  <C>

Act for Windows v2.0                           1-single user                                3.5
DB General for Oracle / Unix v1.0.018          1-single client                              3.5
DOS 6.22                                       50-users           came w/ HP 486/66 PC's    3.5
FICS                                           disks get returned                           3.5
Informm for Windows v1.0 - NASDAQ              1-single user      Online Co. Trading Info   3.5
Informm for Windows v2.0 - NASDAQ              1-single user      Online Co. Trading Info   3.5
Kleinrock - Tax Library                        10-simultaneous                              CD
Lexis for Windows v2.7                         1-single user                                3.5
Lexis for Windows v2.8                         1-single user                                3.5
Oracle Server software                                            Oracle licensed Software  3.5
Oracle Developer Tools for DOS & OS/2 v6.0     1-single user      Oracle licensed Software  3.5
Oracle SQL*NET 1-2-3 Data Lens                                    Oracle licensed Software  3.5
Oracle SQL*NET OS/2                                               Oracle licensed Software  3.5
Oracle SQL*NET PL/SQL                                             Oracle licensed Software  3.5
Oracle for 1-2-3 Datalens v1.1                                                              3.5
Gupta SQLWIN OOP Tutorial v4.1                 1-single user                                3.5
Gupta SQLWindows 4.0                           4-copies                                     3.5
Gupta SQLWindows 4.1.0                         2-copies                                     3.5
Gupta SQLWindows 5.0                           1-single user                                3.5
Gupta SQLWindows 5.0.1                         2-copies                                     3.5
Procomm Plus for Windows v2.0                  1-single user      LaSalle bank connection   3.5
Windows 3.1                                    3-users                                      3.5
Windows 3.1                                    61-users           came w/ HP 486/66 PC's    3.5

TOTAL LOT VALUE                                                                                  $ 255,428.87

CHANGES TO SOFTWARE BETWEEN OCTOBER 96 AND APRIL 97

Credit for Oracle Licensed software (Originally paid by Alpine)                                  $(206,105.00)
Oracle Software license fees paid by Exstar Financial             (Paid thru 2/13/97)            $  81,156.72
MS Office Pro 97                                                                                 $     423.64
Offce 97 Resource Kit                                                                            $      39.68

TOTAL AS OF MAY 97                                                                               $ 130,943.91
</TABLE>

                                                                              31
                                                                        
<PAGE>   34


SOFTWARE OWNER - EXSTAR E&S
<TABLE>
<CAPTION>


SOFTWARE NAME         NUMBER OF COPIES COMMENTS              SIZE     VALUE

<S>                                                          <C>   <C>
Changes to Software between October 96 and April 97

Oracle License for Accounts Receivable System                      $  54,616.00
Oracle Licensed Software Support Accounts Receivable System        $  20,919.46
Group-Wise Mailbox VLA version 5.0 - 120 users                     $  10,208.24
Group-Wise Mailbox Full Copies version 5.0 - 5 users               $     513.04

TOTAL SOFTWARE AS OF APRIL 97                                      $  86,256.74
</TABLE>

                                                                             32


<PAGE>   35
SOFTWARE                             OWNER - TCO INS. SERV.


<TABLE>
<CAPTION>
SOFTWARE NAME                        # OF COPIES                    COMMENTS                              SIZE VALUE

<S>                                    <C>                          <C>                                    <C>  
Lotus v3.1                             6-sets                                                              5.25
386Max v6.0                            1-copy                                                              3.5
Adobe Illustrator for Windows v4.0     1-single user                                                       3.5
Adobe Streamline for Windows v3.0      1-single user                                                       3.5
Adobe Type Manager for Windows v2.0    1-single user                                                       3.5
Aldus Freehand for Windows v3.1        1-single user                                                       3.5
Aldus Freehand for Windows v4.0        1-single user                                                       3.5
Aldus Pagemaker for Windows v4.0       1-single user                                                  No disks
Aldus Pagemaker for Windows v4.2       1-single user                                                       3.5
Aldus Pagemaker for Windows v5.0       4-users                                                             3.5
Aldus Pagemakerv1.0                    1-copy                                                              5.25
Alpha 4 v2.0                           1-single user                                                       5.25
Announcements for Windows v1.0         1-single user                                                       3.5
Automated Claim Entry v4.1 (Ace Index) 1-single user                                                       5.25
AutoSketch for Windows v3.1            1-single user                                                       3.5
BestLink v3.03                         1-single user                  Best Comm Sftwr                      3.5
Bravo Software v2.0c                   1-single user                  Presentation Software                3.5
Calendar Creator for DOS v4.0          1-copy                                                              3.5
Calendar Creator for Windows           1-single user                                                       3.5
Calendar Creator Plus for Windows v2.0 15-concurrent users                                                 3.5
Cash Collector v2.0c                   1-single user                                                       3.5
Close-Up for Windows v5.0              1-single user                                                  No disks
Compaq OS/2 Operating System 1.2       1-single server                                                     3.5
CompuServe v1.1                        1-account                                                           3.5
CompuServe v2.0.1                      1-account                                                           3.5
Converson Plus for Windows             1-single user                  converts MAC to DOS                  3.5
Data Junction for Windows v5.0         1-single user                                                       3.5
DOS 5.0                                10-users                                                            3.5
DOS 6.21 upgrade                       1-single user                                                       3.5
DP Umbrella v3.1.5                     1-LAN / 5-concurrent Help desk software                             3.5
Excel for Windows v4.0                 20-concurrent users                                                 3.5
Excel for Windows v5.0                 1-single user                                                       3.5
Excel for Windows v5.0                 20-single users                                                     3.5
Exhibit Maker 5 v3.0                   1-single user                                                       3.5
Exhibit Maker 5 v5.4                   1-single user                                                       3.5
FAS2000v93.21                          1-single user                  Fixed Assets                         3.5
FAS2000 v94.1                          1-single user                  Fixed Assets                         3.5
FAS2000 v95.1                          1-single user                  Fixed Assets                         3.5
FAS2000v95.2                           1-single user                  Fixed Assets                         3.5
FAS2000 v96.1                          1-single user                  Fixed Assets                         3.5
FileMaker Pro for Windows v2.1         1-single user                                                       3.5
Flex Admin for Windows v4.0            1 -server / multi user                                              3.5

</TABLE>

                                                                             33 


<PAGE>   36
<TABLE>
<CAPTION>

SOFTWARE NAME                           #OF COPIES             COMMENTS                  SIZE       VALUE
<S>                                     <C>                    <C>                       <C>        <C>
Gupta 4.0                               3-Users                
HyperPrep for Windows v96.0             Network version        IRS Filing software       3.5
Jetform Designer v4.1.032               5-users                                          3.5
Jetform Server for DOS Network          1-server                                         3.5
Job Performance Evaluator               1-single user                                    3.5
Lanalyzer for Windows v2.0              1-single user                                    3.5
LaSalle Bank software                   1-single user                                    3.5
Lotus 1-2-3 for Windows v1.1            4-sets                                          5.25
Lotus 1-2-3 v2.2                        1-single user                                   5.25
Lotus 1-2-3 v2.3                        1-single user                                   5.25
Lotus Improv for Windows v2.0           1-single user                                    3.5
Lotus v3.1                              2-server versions                               5.25
Managepro for Windows v1.0              2-users                                          3.5
Managepro for Windows v1.2              2-users                                          3.5
Managepro for Windows v3.0              2-users                                          3.5
Managepro Network Access Modules        1-server
MS Project for Windows v3.0             3-users                                          3.5
MS Project for Windows v4.0             3-users                                          3.5
NAIC                                    1-LAN                  Valuations of Securities   CD
NAVPAK for Windows v6.0                 1-single user          AC-U-KWIK                 3.5
NAVPAK Hotel Search v6.0                1-single user                                    3.5
NAVPAK Super Search v6.0                1-single user                                    3.5
Netscape2.0                             1-single user                                    3.5
Novell Netware 4.01                     250-users              Using Value of $8,299.00   CD
Novell Netware 4.1                      250-users              Using Value of $8.299.00   CD
Novell Netware 4.1                      150-users              Using Value of $4.789.00   CD
One-on-One Training Excel 5             1-single user                                    3.5
One-on-One Training Pagemaker 5         1-single user                                    3.5
One-on-One Training WinWord 6.0         1-single user                                    3.5
OrgPlus Advanced v5.0                   1-single user                                    3.5
OrgPlus for Windows 2.0                 1-single user                                    3.5
OrgPlus for Windows 2.01                1-single user                                    3.5
OrgPlus for Windows 3.0                 1-single user                                    3.5
OrgPlus for Windows 6.01                1-single user                                    3.5
Pacific Page Font Cartridge for Win3.1  1-single users                             Cartridge
Palindrome Storage Manager v4.0a        1-server/multi server                            3.5
Palindrome Storage Manager v4.0b        1-server/multi server                            3.5
Palindrome Storage Manager v4.0a        1-server/multi server                            3.5
Palindrome v1.1                         1-copy                                          5.25
Palindrome v2.0g                        1-server                                         3.5
PAREX                                   1-server / 6-users                               3.5
PC Tools for Windows v2.0               1-single user                                    3.5
PersonalJournal                         1-single user                                    3.5
Personnel Plus v5.0                     1-single user
PowerPoint for Windows v3.0             1-single user                                    3.5
PowerPoint for Windows v4.0             1-single user                                    3.5

</TABLE>

                                                                              34

<PAGE>   37
<TABLE>
<CAPTION>

SOFTWARE NAME                          #OF COPIES         COMMENTS                     SIZE  VALUE
<S>                                    <C>                       <C>                   <C>      
QEMM 6.0                               2-single users     Quarterdeck Memory Mgr
QEMM 6.02                              2-single users     Quarterdeck Memory Mgr       3.5
Quick Expense 1.5                      10-copies                                       3.5
Quicken for DOS v6.0                   1-single user                                   3.5
Ratercalc                              1-LAN version                                   3.5
Reachout Host w/remote Access 4.02     5-copies                                        3.5
Reachout viewer w/remote Access 4.02   5-copies                                        3.5
Reality On-Line                        1-single user                                   3.5
Reflection 1 for windows               1-single user                                   3.5
Reflection 1 for Windows v4.0          130-users                                       3.5
Reflection 1 for Windows v4.21         130-users                                       3.5
Reflection 1 for Windows v5.0          130-users                                       3.5
Reflection 7 for DOS 4.30              1-single user                                   3.5
Reflection RNS 3000/Windows v5.01      130-users                                       3.5
Reflection RNS 3000/Windows v5.10      130-users                                       3.5
RFFLOW v2.08                           1-single user                                   5.25
RFFLOW v3.0                            1-single user                                   3.5
RFFLOW v3.01                           5-copies                                        3.5
Robelle SuprTool v4.7                  1-HP3000 plafform                          Cartridge
ROBOHelp for Windows v1.0              1-single user                                   3.5
ROBOHelp for Windows v2.0.2            1-single user                                   3.5
Schedule D Investment Manager v4.40    1-single user                                   3.5
Schedule D Investment Manager v5.0     1-single user                                   3.5
Selectime for Windows v1.3.1           1-single user                                   3.5
Selectime for Windows v2.0             1-single user                                   3.5
Seminar on Disk 1-2-3 Data Base Mang.  1-single user                                  5.25
Seminar on Disk 1-2-3 Macros           1-single user                                  5.25
Seminar on Disk Windows 3.1 Fund.      1-single user                                   3.5
SPAudit                                1-single user                                   3.5
SPELLIN!                               1-single user      Add in spell checker/Lotus   3.5
SQLRouter v2.2                         1-copy                                          3.5
Teach-Me Lotus 1-2-3 for Windows v1.0  1-single user                                  5.25
Teach-Me Windows 3.0                   1-single user                                  5.25
Teach-Me Word for Windows v2.0         1-single user                                  5.25
Teach-OR Oracle 7 Library CBT                             no disks in drawer          5.25
True Type Font Pack 1 for Windows      2-single users                                  3.5
Untouchable Fifth Generation           2-single users     Virus software / UTSCAN     5.25
Underwriting System                    TCO developed      @ value of $1,313,000.00
Wealth Starterv1.0                                                                    5.25
Weather View for Windows v2.0          1-single user                                   3.5
Windows3.1 Secrets                     1-single user                                   3.5
Windows95'                             1-single user                                    CD
WinFax Pro v4.0                        1-single user      faxing software              3.5
Winformant v2.0                        1-single user      Uninstalls Window apps       3.5
WinSleuth Gold Plus                    1-single user      Windows perf analyzer        3.5
Word for Windows v6.0                  40-concurrent users                             3.5
</TABLE>

                                                                              35

<PAGE>   38


<TABLE>
<CAPTION>
SOFTWARE NAME                                     #OF COPIES              COMMENTS               SIZE          VALUE
<S>                                                <C>               <C>                         <C>        <C>
WordPerfect Office                                  3-users          upgrade                     No disks
WordPerfect Office Connection Server So             1-server                                     No disks
Workgroup for Windows                               50-users         came w/ HP 486/" PC's       No disks

TOTAL LOT VALUE                                                                                              $1,342,408.78

CHANGES TO SOFTWARE BETWEEN OCTOBER 96 AND APRIL 97

Claims System                                                                                                 $ 305,000.00

TOTAL AS OF APRIL 97                                                                                         $1,647,408.78


</TABLE>

                                                                              36

<PAGE>   39

SOFTWARE  OWNER - TCO INS. SERV. INC.

<TABLE>
<CAPTION>

SOFTWARE NAME                      NUMBER OF COPIES  COMMENTS SIZE         VALUE
<S>                                <C>                          <C>        <C>
EZ-Dot v1.0                        1-single user                 3.5
EZ-Dot v1.02                       1-single user                 3.5
EZ-Dot v2.1                        1-single user                 3.5
Monarch Software v2.0 & Magellan   1-single user                 3.5
MS C/C++ Compiler v7.0             1-single user                5.25
MS Software Develop Kit v3.1       1-single user                5.25
Seasoft Form 1098/1099 v11.00      1-single user                5.25
Seasoft Form 1098/1099 v12.00      1-single user                5.25

TOTAL LOT VALUE                                                             $ 64.88
                                                                            
                                                              
</TABLE>
                                                                             37
<PAGE>   40
SOFTWARE OWNER - TRANSCO SYNDICATE


<TABLE>
<CAPTION>
SOFTWARE NAME         NUMBER OF COPIES        COMMENTS                         SIZE     VALUE
<S>                    <C>                    <C>                               <C>      <C>

DOS 6.0                60-users               came with DEC 486/33 PC's         3.5
Windows 3.1            60-users               came with DEC 486/33 PC's         3.5
Windows 3.1             5-users                                                 3.5
Word for Windows v2.0  40-concurrent users     no disks software license only

TOTAL LOT VALUE                                                                          $1,338.31

</TABLE>

                                                                              38

<PAGE>   41

SOFTWARE OWNER - ALPINE

<TABLE>
<CAPTION>

SOFTWARE NAME          NUMBER OF COPIES  COMMENTS  SIZE    VALUE
<S>                    <C>                          <C>    <C>
ASAP Software -1994    N/A                          3.5
ASAP Software- 1995    N/A                          3.5
ASAP Software- 1996    N/A                          3.5
TOTAL LOT VALUE                                            $      24.33

CHANGES TO SOFTWARE BETWEEN OCTOBER 96 AND April 97

Adjustment for Oracle Licensed Software                    $ 206,105.00

TOTAL SOFTWARE AS OF APRIL 97                              $ 206,129.33
</TABLE>

                                                                              39

<PAGE>   42
SOFTWARE  OWNER - ALPINE PREMIUM FINANCE

<TABLE>
<CAPTION>

SOFTWARE NAME                      NUMBER OF COPIES  COMMENTS SIZE      VALUE
<S>                                 <C>                       <C>       <C>
INPUT1 - Premium Finance Software   5-Multi-user              No disks

TOTAL LOT VALUE                                                         $ 40.83
</TABLE>
  
                                                                              40

<PAGE>   43


<TABLE>
<CAPTION>
                               BUSINESS MACHINES
                                OWNER - EXSTAR
                         LOCATION - SOLVANG & CHICAGO

QTY    DESCRIPTION   SPEC MODEL             SER NO                     UNIT VALUE  EXT VALUE  LOCATION
<S>    <C>           <C>                    <C>                          <C>       <C>
 1     MON SVGA      HP D2804A                                           $305.00     $305.00 SOLV
 6     MON SVGA      HP D2804A                                           $305.00   $1,830.00 SOLV
 1     MON SVGA      HP D1194A                                           $305.00     $305.00 SOLV
 5     MON SVGA      HP D2804A                                           $305.00   $1,525.00 SOLV
15     MON SVGA      HP D2804A                                           $305.00   $4,575.00 CGX

TOTAL ADDED AFTER INVENTORY COMPLETED                                              $8,540.00

CHANGES TO BUSINESS MACHINES BETWEEN OCTOBER 96 AND MAY 97

 1 16MB Ram      Simple Tecra740 CDT                                     S150.00     $150.00 SOLV
 1 Deskstation V Plus                                                    $788.00     $788.00 SOLV
 1 Lithium ion Battery Toshiba                                           $239.00     $239.00 SOLV
 1 Portable Comp Toshiba Tecra 740CDT2GB HD                            $5,688.00   $5,688.00 SOLV
 1 Vectra VE3 Mod 1000,P-133,1GB HD       US71355669                   $1,012.00   $1,012.00 SOLV
 1 Vectra VE3 Mod 1000,P-133,1GB HD       US71355971                   $1,012.00   $1,012.00 SOLV
 1 Vectra VE3 Mod 1000,P-133,1GB HD       US71355723                   $1,012.00   $1,012.00 SOLV
 1 Vectra VE3 Mod 1000,P-133,1GB HD       US71355725                   $1,012.00   $1,012.00 SOLV
 1 Vectra VE3 Mod 1000,P-133,1GB HD       US71356093                   $1,012.00   $1,012.00 SOLV
 1 Vectra VE3 Mod 1000,P-133,1GB HD       US71355677                   $1,012.00   $1,012.00 SOLV
 6 8MB EDO SIMM for HP Vectra                                            $104.00     $624.00 SOLV
20 4X32N70 16MB 4X32-70NS Memory SIMMS                                   $103.00   $2,060.00 SOLV
 1 HP 9000   D250 Minicomputer                                        $59.009.95  $59,009.95 SOLV

    TOTAL AS OF MAY 97                                                            $83,170.95
</TABLE>

                                                                              41
<PAGE>   44

BUSINESS MACHINE
                OWNER - TCO INS SERV.
                LOCATION - SOLVANG & CHICAGO
<TABLE>
<CAPTION>
                                                                                               OWNER
QTY DESCRIPTION  SPEC_MODEL          SER NO          UNIT VALUE       EXT VALUE  LOC.   IF OTHER THAN TCO INS.
<S>             <C>                  <C>             <C>              <C>        <C>    <C>
 1 ADD MACH     TEXAS INS 5630                          $25.00          $25.00  SOLV
 2 ADD MACH     TEXAS INS 53-10                         $25.00          $50.00  SOLV
14 ADD MACH     SHARP ELl197 IV                         $25.00         $350.00  SOLV 
 1 ADD MACH     ROYAL 770HD                             $25.00          $25.00  SOLV
19 ADD MACH     MISC BOXED                              $20.00         $380.00  SOLV
 3 ADD MACH     CASIO FR1055                            $25.00          $75.00  SOLV
 1 ADD MACH     CANON P41-D                             $25.00          $25.00  SOLV
 1 ADD MACH     TEXAS INS 50302                         $25.00          $25.00  SOLV
 1 ADD MACH     ROYAL 550HD                             $20.00          $20.00  SOLV
 1 ADD MACH     SHARP EL1192C                           $25.00          $25.00  SOLV
 4 ADD MACH     CASIO DL220                             $25.00          $100.00 SOLV
 1 ADD MACH     TEXAS INS 5130                          $25.00          $25.00  SOLV
 1 ADD MACH     TEXAS INS 5029                          $25.00          $25.00  SOLV
 1 ADD MACH     CASIO FR1211                            $25.00          $25.00  SOLV
 1 ADD MACH     SHARP EL1630G                           $25.00          $25.00  SOLV
 1 ADD MACH     SHARP                                   $25.00          $25.00  SOLV
 1 ADD MACH     CASIO FR3200                            $25.00          $25.00  SOLV
 1 ADD MACH     SHARP EL1626                            $25.00          $25.00  SOLV
 1 ADD MACH     CANON MP21D                             $25.00          $25.00  SOLV
 1 ADD MACH     TEXAS INST 5150                         $25.00          $25.00  SOLV
 1 ADD MACH     CANON P102-D                            $25.00          $25.00  SOLV
 1 ADD MACH     P126-D                                  $25.00          $25.00  SOLV
 1 ADD MACH     FR3100                                  $25.00          $25.00  SOLV
 1 BELL         PHONE/EXTERNAL                          $20.00          $20.00  SOLV
 6 BIND MACH                                            $75.00         $450.00  SOLV
42 BUS MACH     MISC/POOR/UNK                            $4.00         $168.00  SOLV
 1 CABLE/LOT    EST 110PC PS/PC                        $330.00         $330.00  SOLV
 1 CABLE/LOT    EST HNDRDS MISC                        $225.00         $225.00  SOLV
 4 CALCULATOR   ECONO HNDHLD                             $3.00          $12.00  SOLV
 1 CALENDER     DIGITAL                                 $20.00          $20.00  SOLV
 1 CAMERA       POLOROID 1 STP                          $35.00          $35.00  SOLV
 1 CAMERA       CANON ZOOM                              $45.00          $45.00  SOLV
 1 CARD LOT     NWK MDM+POOR                            $10.00          $10.00  SOLV
 3 CASS RCRDR    SONY MICR BM580                        $35.00         $105.00  SOLV
 6 CASS RCRDR   SONY MICR BM577                         $35.00         $210.00  SOLV
 1 CASS RCRDR   PAN MICR RN1150                         $35.00          $35.00  SOLV
 1 CASS RCRDR   GE STD CASS                             $16.00          $16.00  SOLV
 3 CD ROM       EXTERNAL 4X                             $85.00         $255.00  SOLV
 1 CD TOWER     PROCOM CDT73XET   TD3 6X&44X         $2,250.00       $2,250.00  SOLV
 1 CD TWR       PROCOM CDT7-3X    UNK* 4 4X          $1,650.00       $1,650.00  SOLV
 3 CHKWRITING   PYMST/BURRGHS                          $135.00         $405.00  SOLV
 1 CONNECTOR    LOT/EXT/GNDR                            $75.00          $75.00  SOLV
 2 COPIER       XEROX 5028                             $700.00       $1,400.00  SOLV
 1 COPIER       XEROX 1090 M11     M06048230         $5,800.00       $5,800.00  SOLV
 1 COPIER       XEROX 1050                             $550.00         $550.00  SOLV
 1 COPIER/ACC   CANON CLC500+      VPLYR/CAM/2LNS   $10,476.00      $10,476.00  SOLV
 1 COPIER/STR   CANON NP2020       JXB68496          $1,200.00       $1,200.00  SOLV
 1 COPIER/STR   CANON NP 2020      VGB63460          $1,200.00       $1,200.00  SOLV
 1 COPIER/STR   CANON NP 2020      JXE68753          $1,200.00       $1,200.00  SOLV
 1 COPIER/STR   CANON NP 3050                        $2,200.00       $2,200.00  SOLV
 1 COPIER/STR   CANON NP 3030                        $1,600.00       $1,600.00  SOLV
 1 COPIER/STR   XEROX 5048                             $900.00         $900.00  SOLV
 2 CPU          SYMBOLICS                              $100.00         $200.00  SOLV
 1 CPU INTRFC   NEC IPS                                 $15.00          $15.00  SOLV
 1 CPU/AST      286400 SERIES                          $125.00         $125.00  SOLV
 1 CPU/COMPAQ   DSKPRO 48633L      92514544A79         $425.00         $425.00  SOLV
 1 CPU/COMPAQ   486/33 TWR UNK*                        $470.00         $470.00  SOLV
 1 CPU/COMPAQ   386/33 TWR UNK*                        $310.00         $310.00  SOLV
 1 CPU/COMPAQ   386/33 UNK*        4933HAB20797        $265.00         $265.00  SOLV  Alpine
 1 CPU/COMPAQ   386/33 UNK*        4934HAB20171        $265.00         $265.00  SOLV  Alpine     
 1 CPU/COMPAQ   386/33 UNK*        4001HAB20468        $265.00         $265.00  SOLV  Alpine     
 1 CPU/COMPAQ   386/33 UNK*        4934HAB20064        $265.00         $265.00  SOLV  
 1 CPU/COMPAQ   386/33 UNK*        4930HAB30161        $265.00         $265.00  SOLV  


</TABLE>

                                                                              42


<PAGE>   45

<TABLE>
<CAPTION>

QTY     DESCRIPTION     SPEC_MODEL              SER NO          UNIT VALUE      EXT VALUE       LOC.    IF OTHER THAN TCO INCS.
<S>     <C>             <C>             <C>                  <C>              <C>               <C>    <C>
 1      CPU/COMPAQ      386/33 UNK*     4925HAB20683            $265.00          $265.00        SOLV
 1      CPU/COMPAQ      386/33 UNK*     4038HAL60068            $265.00          $265.00        SOLV
 1      CPU/COMPAQ      DESKPRO 386/33  6043HAM30076            $265.00          $265.00        SOLV
 1      CPU/COMPAQ      PRO SIGNA VS                          $2,395.00        $2,395.00        SOLV
 1      CPU/COMPAQ      PROLIANT 311OCD 2000                  $2,800.00        $2,800.00        SOLV
 1      CPU/DEC         433 DXLP        KA315LS594              $435.00          $435.00        SOLV   Transco Syndicate
 1      CPU/DEC         433 DXLP UNK*   KA315LS643              $435.00          $435.00        SOLV   Transco Syndicate
22      CPU/DEC         PC 433DXLP PC743                        $435.00        $9,570.00        SOLV   Transco Syndicate
 1      CPU/DEC         PC 433DXLP      KA315LS587              $435.00          $435.00        SOLV   Transco Syndicate
 1      CPU/DEC         PC 433DXLP      KA315LS637              $435.00          $435.00        SOLV   Transco Syndicate
 1      CPU/DEC         PC 433DXLP      KA315LS654              $435.00          $435.00        SOLV   Transco Syndicate
 1      CPU/DEC         PC 433DXLP      KA315LS568              $435.00          $435.00        SOLV   Transco Syndicate
 1      CPU/DEC         PC 433DXLP      KA315LS692              $435.00          $435.00        SOLV   Transco Syndicate
 1      CPU/DEC         PC 433DXLP      KA312JW529              $435.00          $435.00        SOLV   Transco Syndicate
 1      CPU/DEC         PC 433DXLP      KA315LS660              $435.00          $435.00        SOLV   Transco Syndicate
 1      CPU/DEC         PC 433DXLP      KA315LS663              $435.00          $435.00        SOLV   Transco Syndicate
 1      CPU/DEC         PC 433DXLP      KA315LS645              $435.00          $435.00        SOLV   Transco Syndicate
 1      CPU/DEC         PC 433DXLP      KA315LS586              $435.00          $435.00        SOLV   Transco Syndicate
 1      CPU/DEC         PC 433DXLP      KA319NZ226              $435.00          $435.00        SOLV   Transco Syndicate
 1      CPU/DEC         PC 433DXLP      KA315LS596              $435.00          $435.00        SOLV   Transco Syndicate
 1      CPU/DEC         PC 433DXLP      KA315LS713              $435.00          $435.00        SOLV   Transco Syndicate
 1      CPU/DEC         PC 433DXLP      KA404JDJ14              $435.00          $435.00        SOLV   Transco Syndicate
 1      CPU/HP          VCTRA RS/20UNK* KA319NZ228              $310.00          $310.00        SOLV   Transco Syndicate
 1      CPU/HP          45945C UNK*286  KA315LS648              $125.00          $125.00        SOLV   Transco Syndicate
 1      CPU/HP          45945C UNK*286  2821A09254386T          $125.00          $125.00        SOLV
 1      CPU/HP          DT-A102 UNK*386 2926A64822              $265.00          $265.00        SOLV
 1      CPU/HP          C2708 BNDLWMON  3003A80475              $750.00          $750.00        SOLV
 2      CPU/HP          C2708 BNDLWMON  3036A00805              $750.00        $1,500.00        SOLV
 2      CPU/HP          MAU28641A       3234C20730*             $125.00          $200.00        SOLV
 1      CPU/HP          2345A           3214C15471*             $200.00          $200.00        SOLV
 1      CPU/HP          386/16N          3138F15418             $265.00          $265.00        SOLV
 1      CPU/HP VEC      RS/20 UNK                               $310.00          $310.00        SOLV
 1      CPU/HP VEC      RS/20C UNK                              $132.00          $132.00        SOLV
 1      CPU/HP VEC      386/16N UNK*                            $265.00          $265.00        SOLV
 1      CPU/HP VEC      386/16N UNK*                            $265.00          $265.00        SOLV
 1      CPU/HP VEC      LAPTOP LS12 UNK                         $150.00          $150.00        SOLV
 3      CPU/HP VEC      QS/165           3016A1742              $265.00          $795.00        SOLV
 1      CPU/HP VEC      RS/25C D2020A                           $265.00          $265.00        SOLV
19      CPU/HP VEC      VL2 4/66 D319B                          $595.00       $11,305.00        SOLV   Exstar Financial
 1      CPU/HP VEC      VL2 4/66         3437A03451             $595.00          $595.00        SOLV   Exstar Financial
 1      CPU/HP VEC      VL2 4/66         3437A03515             $595.00          $595.00        SOLV   Exstar Financial
 1      CPU/HP VEC      VL2 4/66         3448A03163             $595.00          $595.00        SOLV   Exstar Financial
 1      CPU/HP VEC      VL2 4/66         3436A05375             $595.00          $595.00        SOLV   Exstar Financial
 1      CPU/HP VEC      VL2 4/66         3436A05407             $595.00          $595.00        SOLV   Exstar Financial
 1      CPU/HP VEC      VL2 4/66         3448A03153             $595.00          $595.00        SOLV   Exstar Financial
 1      CPU/HP VEC      VL2 4/66         3436A05391             $595.00          $595.00        SOLV   Exstar Financial
 1      CPU/HP VEC      VL2 4/66         3437A03471             $595.00          $595.00        SOLV   Exstar Financial
 1      CPU/HP VEC      VL2 4/66         3437A03396             $595.00          $595.00        SOLV   Exstar Financial
 1      CPU/HP VEC      VL2 4/66         3437A03452             $595.00          $595.00        SOLV   Exstar Financial
 1      CPU/HP VEC      VL2 4/66         3437A03438             $595.00          $595.00        SOLV   Exstar Financial
 1      CPU/HP VEC      VL2 4/66         3436A05458             $595.00          $595.00        SOLV   Exstar Financial
 1      CPU/HP VEC      VL2 4/66         3448A03176             $595.00          $595.00        SOLV   Exstar Financial
 1      CPU/HP VEC      VL2 4/66         3437A03410             $595.00          $595.00        SOLV   Exstar Financial
 1      CPU/HP VEC      VL2 4/66 UNK*                           $595.00        $1,190.00        SOLV   Exstar Financial
 1      CPU/HP VEC      VL2 4/66 UNK*    3448A03167             $595.00          $595.00        SOLV   Exstar Financial
 1      CPU/HP VEC      VL2 4/66 UNK*    3436A05411             $595.00          $595.00        SOLV   Exstar Financial
 1      CPU/HP VEC      VL2 4/66 UNK*    3448A03175             $595.00          $595.00        SOLV   Exstar Financial
 1      CPU/HP VEC      VL2 4/66 UNK*    3436A05467             $595.00          $595.00        SOLV   Exstar Financial
 2      CPU/HP VEC      386/25                                  $265.00          $530.00        SOLV   
 1      CPU/HP VEC      45945A 286        2622A20396            $125.00          $125.00        SOLV   
 1      CPU/HP VEC      45945A 286        2550A09688            $125.00          $125.00        SOLV   
 1      CPU/M-FRME      HP947RX256M RM    14GBHD 3TPE DR     $32,000.00       $32,000.00        SOLV   
 1      CPU/M-FRME      HP947RX 90M RAM   6 GBHD 1 DAT 1CD   $22,000.00       $22,000.00        SOLV   
 1      CPU/XEROX       DSK PUB W/MON+    UNK                    $50.00           $50.00        SOLV   
 1      CSU/DSU         DATATEL           DCP3080               $225.00          $225.00        SOLV
10      DATA SWTCH                                                $8.00            $8.00        SOLV
</TABLE>

                                                                              43

<PAGE>   46
<TABLE>
<CAPTION>

QTY     DESCRIPTION     SPEC_MODEL      SER NO          UNIT VALUE           EXT VALUE          LOC     IF OTHER THAN TCO INS.
 <S>    <C>             <C>             <C>              <C>                  <C>               <C>     <C>
 1      DATAPLEXER      TELLABS 330FP   UNK DL0051456       $5.00                $5.00          SOLV
 2      ERASER          AUDIOCASSETTE                      $15.00               $30.00          SOLV
 1      ERSR/VIDEO      SONAR VX1601    H10009946          $29.00               $29.00          SOLV
 1      FAX MACH        XEROX 7017                        $350.00              $350.00          SOLV
 1      FAX MACH        CANON L700      39858             $750.00              $750.00          SOLV
 1      FAX MACH        MURATA F20-1987 F20712501          $75.00               $75.00          SOLV
 1      FAX MACH        SHARP UX112     27127934          $135.00              $135.00          SOLV
 1      FAX MACH        CANON L775      VBL05015          $850.00              $850.00          SOLV
 1      FAX MACH        MULTIFAX                           $50.00               $50.00          SOLV
 1      FAX MACH        BRTHR INT 650M  B41228650         $190.00              $190.00          SOLV
 1      FAX MACH        SHRP UX191 UNK                     $25.00               $25.00          SOLV
 1      FAX MACH        PNSNC KXF UNK                      $25.00               $25.00          SOLV
 1      FAX MACH        IMAGEMATE                          $50.00               $50.00          SOLV
 1      FAX PRESS       FAXPRESS 2000-1189                $900.00              $900.00          SOLV
 1      FLOPPY DR       HP 5 1/4 EXT                       $35.00               $35.00          SOLV
 2      FLOPPY DR       3 1/2 EXTERNAL                     $35.00               $70.00          SOLV
 4      HEADSET         PLANTRONICS                        $56.00              $224.00          SOLV
 2      HUB             THOMAS CONRAD                     $275.00              $550.00          SOLV
 1      INTERCOM        UNKPOORINC                          $5.00                $5.00          SOLV
 1      LABEL MKR       PT25(P/TOUCH)   M49527708          $35.00               $35.00          SOLV
 1      LAMINATING MACH DSKTOP          47976             $126.00              $126.00          SOLV
 2      LASER DRVE      AMDEK 1         7004190H/700369SH  $25.00               $50.00          SOLV
 1      LTTR OPEN       PANASNC BH752                       $7.00                $7.00          SOLV
 5      MEMORY          COMPQ12MG 32BIT 115144001          $20.00              $100.00          SOLV
 1      MICROFISCH      RDR/ALOS 27-11                     $75.00               $75.00          SOLV
 1      MICROFISCH      RDR/MCRO 875A                      $75.00               $75.00          SOLV
 1      MICROFISCH      RDR/MCRO 975                       $75.00               $75.00          SOLV
 1      MICROFISCH      RDRPTR DC580AE                    $275.00              $275.00          SOLV
 1      MICROFISCH      RDR PORT II UNK                    $15.00               $15.00          SOLV
 1      MICROFISCH      RDR PORT II UNK                    $15.00               $15.00          SOLV
 1      MICROFISCH      MICRO 975 UNK                      $15.00               $15.00          SOLV
 1      MICROFISCH      RDR POOR                           $15.00               $15.00          SOLV
 2      MODEM           9600 BAUD HP    HP507598           $45.00               $90.00          SOLV
 1      MODEM           2400 BAUD                          $28.00               $28.00          SOLV 
 1      MODEM           1200 BAUD                          $16.00               $16.00          SOLV 
 7      MODEM           9600 BAUD EXT                      $45.00              $315.00          SOLV    
 5      MODEM           28800 BAUD EXT                    $135.00              $675.00          SOLV    Alpine
 1      MODEM           14400 BAUD EXT                     $66.00               $66.00          SOLV    Alpine
 2      MODULE/TST      SIMEON WTRTN CT                    $15.00               $30.00          SOLV
 2      MON             SYMBOLICS 18**                     $25.00               $50.00          SOLV
 1      MON/NEC         DATA DM2000P                      $400.00              $400.00          SOLV
 1      MON/COMPAQ      109884                            $155.00              $155.00          SOLV    
 1      MON/COMPAQ      430/UNK*        93314544A007      $145.00              $145.00          SOLV    Alpine
 1      MON/COMPAQ      430/UNK*        91614544A045      $145.00              $145.00          SOLV    Alpine
 1      MON/COMPAQ      430/UNK*        91614544A097      $145.00              $145.00          SOLV    Alpine
 1      MON/COMPAQ      430/UNK*        90314544A067      $145.00              $145.00          SOLV    Alpine
 1      MON/COMPAQ      430/UNK*        92514544A207      $145.00              $145.00          SOLV    Alpine
 1      MON/COMPAQ      430/UNK*        93314544A362      $145.00              $145.00          SOLV    Alpine
 1      MON/COMPAQ      430/UNK*        91614544A404      $145.00              $145.00          SOLV    Alpine
 1      MON/COMPAQ      420/UNK*                          $145.00              $145.00          SOLV    Alpine
 1      MON/DEC         PCXCV-GA UNK*   01914544A614      $185.00              $185.00          SOLV    Transco Syndicate
 1      MON/DIGITL      PC7XV-DE        1K34422168        $185.00              $185.00          SOLV    Transco Syndicate
 1      MON/DIGITL      PC7XV-DE        TA302B7753        $185.00              $185.00          SOLV    Transco Syndicate
 1      MON/DIGITL      PC7XV-DE        TA302B7736        $185.00              $185.00          SOLV    Transco Syndicate
 1      MON/DIGITL      PC7XV-DE        TA303C1923        $185.00              $185.00          SOLV    Transco Syndicate
 1      MON/DIGITL      PC7XV-DE        TA302B7762        $185.00              $185.00          SOLV    Transco Syndicate
 1      MON/DIGITL      PC7XV-DE        TA302B7764        $185.00              $185.00          SOLV    Transco Syndicate
 1      MON/DIGITL      PC7XV-DE        TA303C1884        $185.00              $185.00          SOLV    Transco Syndicate
 1      MON/DIGITL      PC7XV-DE        TA302B7758        $185.00              $185.00          SOLV    Transco Syndicate
 1      MON/DIGITL      PC7XV-DE        TA302B9804        $185.00              $185.00          SOLV    Transco Syndicate
 1      MON/DIGITL      PC7XV-DE        TA303C1892        $185.00              $185.00          SOLV    Transco Syndicate
 1      MON/DIGITL      PC7XV-DE        TA302B7770        $185.00              $185.00          SOLV    Transco Syndicate
 1      MON/DIGITL      PC7XV-DE        TA302B7752        $185.00              $185.00          SOLV    Transco Syndicate
 1      MON/DIGITL      PC7XV-DE        TA303C1925        $185.00              $185.00          SOLV    Transco Syndicate
 1      MON/DIGITL      PC7XV-DE        TA302B7763        $185.00              $185.00          SOLV    Transco Syndicate      
11      MON/DIGITL      PC7XV-DE        TA302B7756        $185.00              $185.00          SOLV    Transco Syndicate
 1      MON/DIGITL      PC7XV-DE        TA302B7757        $185.00              $185.00          SOLV    Transco Syndicate
 1      MON/DIGITL      PC7XV-DE        TA303C1874        $185.00              $185.00          SOLV    Transco Syndicate
 1      MON/DIGITL      PC7XV-DE        TA303C1802        $185.00            $2,035.00          SOLV    Transco Syndicate
</TABLE>

                                      44



<PAGE>   47
<TABLE>
<CAPTION>
QTY  DESCRIPTION     SPEC_MODEL     SER NO       UNIT VALUE     EXT VALUE     LOC.     IF OTHER THAN TCO INS. 
<S>  <C>           <C>              <C>           <C>            <C>          <C>       <C>
1    MON/DIGITL    PC7XV-DE UNK*    TA303C1812    $185.00        $185.00      SOLV      TRANSCO SYNDICATE     
1    MON/DIGITL    PC7XV-DE UNK*    TA247A9632    $185.00        $185.00      SOLV      TRANSCO SYNDICATE
1    MON/DIGITL    PC7XV-DE UNK*    TA302B7794    $185.00        $185.00      SOLV      TRANSCO SYNDICATE
1    MON/DIGITL    PC7XV-DE UNK*    TA303C1800    $185.00        $185.00      SOLV      TRANSCO SYNDICATE
1    MON/DIGITL    PCXBV-PE         3140704981    $185.00        $185.00      SOLV      TRANSCO SYNDICATE
1    MON/DIGITL    PCXBV-PE         3141956068    $185.00        $185.00      SOLV      TRANSCO SYNDICATE
1    MON/DIGITL    PC7XV            TA303C2067    $185.00        $185.00      SOLV      TRANSCO SYNDICATE
1    MON/DIGITL    PCXRBF-PE        21F1048479    $185.00        $185.00      SOLV      TRANSCO SYNDICATE
1    MON/GLDSTR    MONO                            $30.00         $30.00      SOLV
1    MON/HP        D1194A SVGA      KR22437474    $305.00        $305.00      SOLV
2    MON/HP        D1194A SVGA                    $305.00        $610.00      SOLV
2    MON/HP        35743A EGA       8803J45707     $75.00        $150.00      SOLV
2    MON/HP        D1182A                         $207.00        $414.00      SOLV
1    MON/HP        D1182A           9020J32724    $207.00        $207.00      SOLV
1    MON/HP        D1182A           29J52318      $207.00        $207.00      SOLV
1    MON/HP        D1182A UNK*      8902J43276    $207.00        $207.00      SOLV
1    MON/HP        D1182A UNK*      20J33437      $207.00        $207.00      SOLV
1    MON/HP        D1182A UNK*      8907J53443    $207.00        $207.00      SOLV
1    MON/HP        D1182A UNK*      8847J34682    $207.00        $207.00      SOLV
1    MON/HP        D1182A UNK*      45J29363      $207.00        $207.00      SOLV
1    MON/HP        A1097C (BNDLE)   315J71942     $750.00        $750.00      SOLV
1    MON/HP        2392A/UNK*       26226V30965    $75.00         $75.00      SOLV
1    MON/HP        2392A/UNK*       2425F04894     $75.00         $75.00      SOLV
1    MON/HP        2392A/UNK*                      $75.00         $75.00      SOLV
1    MON/HP        2392A/UNK*       2425F05012     $75.00         $75.00      SOLV
1    MON/HP        2392A/UNK*       2440A24514     $75.00         $75.00      SOLV
1    MON/HP        2392A/UNK*       2603V228501    $75.00         $75.00      SOLV
1    MON/HP        2392A/UNK*       2641A92924     $75.00         $75.00      SOLV
1    MON/HP        D2805A UNK*      KR41037230    $305.00        $305.00      SOLV
1    MON/HP        700/96           3000/947      $250.00        $250.00      SOLV
1    MON/HP        700/96           9000/817S     $250.00        $250.00      SOLV
2    MON/HP        VGA              8907J52479    $145.00        $290.00      SOLV
1    MON/HP        35743A EGA       8733J24996     $75.00         $75.00      SOLV
2    MON/HP        700/92                         $195.00        $390.00      SOLV
9    MON/HP        D2804A SVGA                    $305.00      $2,745.00      SOLV       Exstar Financial
1    MON/HP        D2804A SVGA      KR4871812     $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        D2804A SVGA      KR43872127    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        D2804A SVGA      KR43871925    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        D2804A SVGA      KR43872069    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        D2804A SVGA      KR43872095    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        D2804A SVGA      KR43872109    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        D2804A SVGA      KR42740962    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        D2804A SVGA      KR43871955    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        D2804A SVGA      KR43871799    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        D2804A SVGA      KR43872135    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        D2804A SVGA      KR43872093    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        D2804A SVGA      KR43872110    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        D2804A SVGA      KR43872136    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        D2804A SVGA      KR43871807    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        D2804A SVGA      KR43872112    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        D2804A SVGA      KR43872102    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        D2804A SVGA      KR43752273    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        D2804A SVGA      KR43871836    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        D2804A SVGA      KR43752284    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        D2804A SVGA      KR43872129    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        D2804A SVGA      KR43871907    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        D1194A SVGA      KR31214479    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        SVGA UNK*        KR43872107    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        SVGA UNK*        KR22437528    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        SVGA UNK*        KR21930556    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        SVGA UNK*        KR52137514    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        SVGA UNK*        KR50647363    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        SVGA UNK*        KR22437534    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        SVGA UNK*        KR43871908    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        SVGA UNK*        KR21930571    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        SVGA UNK*        KR43871904    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        SVGA UNK*        KR14349877    $305.00        $305.00      SOLV       Exstar Financial
1    MON/HP        SVGA UNK*        KR14349870    $305.00        $305.00      SOLV       Exstar Financial

</TABLE>


                                                                              45
<PAGE>   48

<TABLE>
<CAPTION>

QTY DESCRIPTION    SPEC_MODEL       SER NO          UNIT VALUE   EXT VALUE  LOC.   If Other Than TCO Ins.
<S>                <C>              <C>             <C>          <C>        <C>    <C>
 1 MON/HP          D1196A                              $305.00     $305.00  SOLV   Exstar Financial
 1 MON/HP          D1194A SVGA      KR14138409         $305.00     $305.00  SOLV
 1 MON/HP          D1194A SVGA      KR22437804         $305.00     $305.00  SOLV
 1 MON/HP          A1097C(BNDLE)    3151J71851         $750.00     $750.00  SOLV
 1 MON/HP          A1097C           3151J71853         $375.00     $375.00  SOLV
 1 MON/NEC 5D      MULTJC2002VMA1   07C00052SUNK       $400.00     $400.00  SOLV
 1 MON/NEC 5D      MULTISYNC 17"V                      $900.00     $900.00  SOLV
 1 MON/UNK         MITSU XC-1430C   4307102             $25.00      $25.00  SOLV
 1 MULTIPLEXR      CASE/DATATEL                      $1,000.00   $1,000.00  SOLV
 1 MULTITESTR      MICRNTA 8 RNGE   2000 OHM/VLT 2"     $25.00      $25.00  SOLV
 1 PAPERFOLD       GENESIS EXECU                        $10.00      $10.00  SOLV
 1 PH ACCEC        JKS/COUP/PLTS    LOT                 $82.50      $82.50  SOLV
34 PHONE           MITEL SPRSET 3                       $40.00   $1,360.00  SOLV
11 PHONE           TRILL 1000TLKII                     $100.00   $1,100.00  SOLV
19 PHONE           MITEL SUPERST 4                      $40.00     $760.00  SOLV
30 PHONE           SINGLE LINE                          $10.00     $300.00  SOLV
 3 PHONE           PACTEL SPEAK                         $55.00     $165.00  SOLV
 1 PHONE           PANASON SPEAK                        $55.00      $55.00  SOLV
18 PHONE           TRIL 1000 UNK                        $10.00     $180.00  SOLV
 1 PHONE           MTL SPRCNSL 1K                      $195.00     $195.00  SOLV
42 PHONE           MITEL SS1 UNK                        $10.00     $420.00  SOLV
 8 PHONE           MITEL SPRST 1                        $30.00     $240.00  SOLV
 1 PHONE/CELL      OKI 700                              $60.00      $60.00  SOLV
 1 PHONE/CELL      NEC700                              $150.00     $150.00  SOLV
 1 PHONE/CELL      NEC701                              $150.00     $150.00  SOLV
 4 PHONE/CELL      AT&T 3810                            $90.00     $360.00  SOLV
 1 PHONE/CELL      OKI 1150                             $60.00      $60.00  SOLV
 1 PHONE/CELL      MOTOROLA         SCN2449A           $105.00     $105.00  SOLV
 1 PHONE/CONF      POLYCOM ACC      H10009946          $279.00     $279.00  SOLV
 1 PLOTTER         HP 7550A         2520A1187          $195.00     $195.00  SOLV
 1 PLOTTER         HP 7475A                            $150.00     $150.00  SOLV
 1 PRICTR/SLD      EUMIG/UNK-POOR                       $25.00      $25.00  SOLV
 2 PRINT/UNK       HP LSR II                           $125.00     $250.00  SOLV
 1 PRINT/UNK       EPSN LQ1500                          $25.00      $25.00  SOLV
 1 PRINT/UNK       HP LSR 2868A     2686A              $100.00     $100.00  SOLV
 1 PRINT/UNK       P351 SX          ZA47169             $47.00      $47.00  SOLV
 1 PRINT/UNK       HP PNT JETXL300  3205A30503         $299.00     $299.00  SOLV
 1 PRINT/UNK*      HP 3000/947      2227 QUIET JET     $125.00     $125.00  SOLV
 1 PRINT/UNK*      HP 2932A         2349A01043         $150.00     $150.00  SOLV
18 PRINTER         HP LSR II                           $400.00   $7,200.00  SOLV
 1 PRINTER         HP LSR III       3015J62772         $575.00     $575.00  SOLV
 8 PRINTER         HP LSR III                          $575.00   $4,600.00  SOLV
 1 PRINTER         HP JET 500                          $165.00     $165.00  SOLV
 1 PRINTER         HP LSR IV V      JPCF006521       $1,648.00   $1,648.00  SOLV   Exstar Financial
 1 PRINTER         HP LSR III       3038J99552         $575.00     $575.00  SOLV
 1 PRINTER         HP LSR III       3038J99090         $575.00     $575.00  SOLV
 1 PRINTER         HP LSR III       2945J60779         $575.00     $575.00  SOLV
 1 PRINTER         HP LSR III       3026J76626         $575.00     $575.00  SOLV
 1 PRINTER         HP LSR III       2945J56162         $575.00     $575.00  SOLV
 1 PRINTER         HP LSR III SI                     $1,700.00   $1,700.00  SOLV
 1 PRINTER         HP LSR III       3038J50351         $575.00     $575.00  SOLV
 1 PRINTER         HP LSR III       2945J94899         $575.00     $575.00  SOLV
 1 PRINTER         HP LSR III       3038J9954A         $575.00     $575.00  SOLV
 1 PRINTER         HP LSR III       3034J98277         $575.00     $575.00  SOLV
 1 PRINTER         HP LSR III       3031J93458         $575.00     $575.00  SOLV
 1 PRINTER         HP LSR IID       2934J32727         $610.00     $610.00  SOLV
 1 PRINTER         HP LSR IID       2830J05073         $610.00     $610.00  SOLV
 1 PRINTER         HP LSR IID       2934J32728         $610.00     $610.00  SOLV
 1 PRINTER         HP LSR 2686A                        $295.00     $295.00  SOLV
 1 PRINTER         HP LSR 2686A     2686A              $295.00     $295.00  SOLV
 1 PRINTER         HP LSR III D     3022J47746         $850.00     $850.00  SOLV
 4 PRINTER         HP LSR IV SI                      $2,450.00   $9,800.00  SOLV   Exstar Financial
 1 PRINTER         HP PAINT JET XL                     $395.00     $395.00  SOLV
 1 PRINTER         EPSON LQ1060                        $155.00     $155.00  SOLV
 1 PRINTER         HP SGNJET II CX                     $500.00     $500.00  SOLV
 1 PRINTER         HP LSR IV PLUS   JPFF002578       $1,189.00   $1,189.00  SOLV   Exstar Financial
 1 PRINTER         HP 9221A                             $75.00      $75.00  SOLV
 4 PRINTER         HP LSR IID       2830J75676         $610.00   $2,440.00  SOLV
 </TABLE>                                                                   
                                                                            
                                                                            
                                                                            
                                                                              46
                                                                            
                                                                            
<PAGE>   49



<TABLE>
<CAPTION>

DESCRIPTION      SPEC_MODEL         SER NO               UNIT VALUE       EXT VALUE    LOC.    IF OTHER THAN TCO  INS.
<S>              <C>                <C>                 <C>               <C>          <C>     <C>   
1  PRINTER        HP LSR II                               $400.00          $400.00     SOLV    Alpine
1  PRINTER        PAN KCXP2180                            $200.00          $200.00     SOLV    
2  PRINTER        TXS INSTT15038     12689P FREE           $14.00           $28.00     SOLV    
1  PRINTER        ACOM PG LSR 6      2DO15716             $200.00          $200.00     SOLV    
1  PRINTER        ACOM PG LSR 6      26016930             $200.00          $200.00     SOLV    
1  PRINTER        HP PAINT JET                            $240.00          $240.00     SOLV    
1  PRINTER/HP     260668 LINE                             $175.00          $175.00     SOLV    
1  PRINTIUNK      XEROX LSR 4045                          $100.00          $100.00     SOLV    
1  PRJCTR/SLD     SIMON VIEW SYS                          $150.00          $150.00     SOLV    
1  PRJCTR/SLD     KDK AF2/UNK                              $25.00           $25.00     SOLV    
1  PRJCTR/VID     SNY CLR MLTISCN    VPH1030Q0010065    $5,000.00        $5,000.00     SOLV    
1  PROJECTOR      OVERHEAD 3M                             $160.00          $160.00     SOLV    
7 PUNCH BLKS                                                $6.00          $162.00     SOLV    
2  PWR COND       SHAPE CLT 1000A    LR543339             $100.00          $200.00     SOLV    
1  RACK           HP MAINFRME                              $50.00           $50.00     SOLV    
1  SCANNER        MICROTEK MS300A    UNK 7050912613        $30.00           $30.00     SOLV    
3  SHREDDER       BOSTON/PERS                              $35.00          $105.00     SOLV    
1  SHREDDER       SHRDMSTR 1656S     CH08255            $1,200.00        $1,200.00     SOLV    
1  SORTER FRM     SWINGLINE MACH                           $18.00           $18.00     SOLV    
1  TAPE BKUP      CO EXT 380MB       07C00052S             $77.00           $77.00     SOLV    
1  TAPE BKUP      CO 250MB EXT                             $55.00           $55.00     SOLV    
1  TELECOPIER     XEROX 7017                              $350.00          $350.00     SOLV    
4  TRANSCRIBE     SANYO W/ACCEC                            $75.00          $300.00     SOLV    
2  TRANSCRIBE     SONY BM850 ACC     17780                 $75.00          $150.00     SOLV    
4  TRANSCRIBE     SONY BM815 ACC                           $75.00          $300.00     SOLV    
1  TRANSCRIBE     VICTOR (FAIR)                            $12.00           $12.00     SOLV    
2  TYPE ELMNT     IBM PRINTWHEEL                           $11.00           $22.00     SOLV    
6  TYPEWRITER     OLYMP STRTYPE                            $80.00          $480.00     SOLV    
4  TYPEWRITER     IBM SELECT III C                        $160.00          $640.00     SOLV    
9  TYPEWRITER     IBM SELECT II C                         $130.00        $1,170.00     SOLV    
1  TYPEWRITER     IBM WHLWRTR III                         $195.00          $195.00     SOLV    
1  TYPEWRITER     SWINTEC                                  $35.00           $35.00     SOLV    
1  TYPEWRITER     CANON P 160 UNK                          $15.00           $15.00     SOLV    
5  TYPEWRITER     IBM SLC                                  $15.00           $75.00     SOLV    
1  TYPEWRITER     SWINGB011 POOR                            $1.00            $1.00     SOLV    
1  TYPEWRITER     IBM 75 POOR                               $1.00            $1.00     SOLV    
1  UPS            FERRUPS/FE21       1K00588              $812.00          $812.00     SOLV    
1  UPS            APC 1400RM         95056347065          $350.00          $350.00     SOLV    
4  UPS            ERMSN 1500                              $375.00        $1,500.00     SOLV    
1  UPS            RT 800             P901006664           $280.00          $280.00     SOLV    
1  UPS            DATA SHLD 450                           $126.00          $126.00     SOLV    
1  VCR/PANASO     MULTIPLX AG 1960                        $600.00          $600.00     SOLV    

  TOTAL                                                                $245,896.50

  TOTALS BY COMPANY                 ALPINE                               $3,096.00
                                    TRANSCO SYNDICATE                   $24,245.00
                                    EXSTAR FINANCIAL                    $48,967.00
                                    TCO INSURANCE SERVICES             $169,596.50


ASSETS ADDED AFTER INVENTORY COMPLETED 

1  CAMERA         POLAROID 1 STP                           $35.00           $35.00     SOLV    
12 CASS RCRDR     SONY MICR BM560                          $35.00          $420.00     SOLV    
4  CASS RCRDR     SONY MICR BM577                          $35.00          $140.00     SOLV    
1  PHONE/CONF     POLYCOM ACC       H10009946             $279.00          $279.00     SOLV    
1  CPU HP VEC     HP QS/16s/386/16                        $265.00          $265.00     SOLV        
1  CPU/DEC        DEC 466D2-PC 766                        $600.00          $600.00     SOLV    
1  ETHER HUB      TIGER ETHERNET HUB                      $300.00          $300.00     SOLV    
2  FAX PRSSBX     CASTELLE 2000                           $900.00        $1,800.00     SOLV    
1  FAXPRESS      FAXPRESS 2000 -              104098      $900.00          $900.00     SOLV    
1  LAPTOP         TOSHIBA                                 $500.00          $500.00     SOLV    
1  MODEM          HAYES 9600 V.32 EXT.                     $45.00           $45.00     SOLV    
1  MODEM          US ROBOTICS 14.4 EXT                     $66.00           $66.00     SOLV    
1  MON MIT        20" MITSUBISHI                          $300.00          $300.00     SOLV    
6  MON SVGA       HP D1194A                               $305.00        $1,830.00     SOLV    
5  MON VGA        HP D1182A                               $207.00        $1,035.00     SOLV    
</TABLE>


                                                                              47
<PAGE>   50



<TABLE>
<CAPTION>

QTY    DESCRIPTION  SPEC_MODEL        SER NO   UNIT VALUE    EXT VALUE  LOC.  If Other Than TCO Ins.     
<S>    <C>          <C>               <C>        <C>        
 1     MON VGA      HP D1182A                      $207.00    $207.00   SOLV
 1     MON/EGA      HP35743A                        $75.00     $75.00   SOLV
19     PHONE        Mitel 3DN                       $40.00    $760.00   SOLV
 3     PRINTER      LASERJET IID                   $610.00  $1,830.00   SOLV
 2     PRINTER      LASERJET III                   $575.00  $1,150.00   SOLV
 1     PRINTER      LASERJET III                   $575.00    $575.00   SOLV
 1     PRINTER      LASERJET III                   $575.00    $575.00   SOLV
 1     PRINTER      PAINT JET XL C1602A            $395.00    $395.00   SOLV
 1     PRINTER      DESKJET                        $300.00    $300.00   SOLV
 1     PRINTER      LASERJET 4                   $1,648.00  $1,648.00   SOLV
 1     PRINTER      LASERJET 4M                  $1,648.00  $1,648.00   SOLV
 1     PRINTER      LASERJET III                   $575.00    $575.00   SOLV
 1     PRINTER      LASERJET 2686A                 $295.00    $295.00    CGX    
 3     PRINTER      LASERJET IID                   $610.00  $1,830.00    CGX   
 1     PRINTER      LASERJET III                   $575.00    $575.00    CGX    
                                                                             
       TOTAL ADDED AFTER INVENTORY COMPLETED               $20,963.00        
                                                                             
       TOTAL                                              $268,849.50         
                                                                             
</TABLE>                                                                     
                                                                             
                                                                             48 
                                                                             
                                                                             
                                                                             
                                                                             
                                                                             
                                                                             
                                                                             
<PAGE>   51

<TABLE>
<CAPTION>
BUSINESS MACHINES
                OWNER - TCO INS SERV. INC.
                LOCATION - CHICAGO
QTY        DESCRIPTION       SPEC MODEL                 UNIT VALUE     EXT VALUE
<S>        <C>               <C>                        <C>            <C>
32         CALCULATORS       TEXAS INSTRUMENT              $25.00        $800.00
1          COPIER            SHARP SF8800               $1,200.00      $1,200.00
1          COPIER            XEROX 1090                 $5,800.00      $5,800.00
1          COPIER            XEROX 5034/STR               $700.00        $700.00
2          FAX MAC           XEROX 7041                   $500.00      $1,000.00
2          FAX MAC           HP 950 INKJET                $350.00        $700.00
2          FAX MAC           CANON 910-C LASER            $750.00      S1,500.00
1          FAXPRESS          CASTELLE 2000                $900.00        $900.00
35         PHONE             MITEL                         $40.00      $1,400.00
1          PHONE CONF        POLYCOM                      $279.00        $279.00
1          PHONE SYSTEM      TOSHIBA PBX                $3,500.00      $3,500.00
2          PRINTER           LINE PRINTERS                $295.00        $590.00
3          PRINTER           LASERJET SERIES II           $400.00      $1,200.00
2          PRINTER           LASERJET III                 $575.00      $1,150.00
1          PRINTER           LASERJET IV SI             $2,450.00       2,450.00
3          TYPEWRITERS       IBM WHEELWRITER 3            $195.00        $585.00
2          TYPEWRITERS       IBM SELECTRIC 2              $130.00        $260.00
1          TYPEWRITERS       OLIVETTI ET-116               $80.00         $80.00


           TOTAL                                                      $24,094.00
</TABLE>

                                                                              49



<PAGE>   52

                              OWNER - ALPINE
                              LOCATION - SOLVANG

<TABLE>
QTY     DESCRIPTION     SPEC_MODEL      SER NO    UNIT VALUE EXT VALUE

Changes to Business Machines between October 96 and May 97


<S>     <C>                             <C>        <C>       <C>
2       Memory Upgrade 16MB Memory Sims            $180.00   $360.00
1       Dot MatrixPrinter Mortgage                  $70.00    $70.00

        TOTAL AS OF MAY 97                                   $430.00
                                               
</TABLE>


                                                                  50
<PAGE>   53




BUSINESS MACHINES
                        OWNER - TRANSCO SYNDICATE
                        LOCATION - SOLVANG & CHICAGO
<TABLE>
<CAPTION>

QTY    DESCRIPTION     SPEC_MODEL    SER NO        UNIT VALUE EXT VALUE     LOC
<S>    <C>             <C>           <C>           <C>        <C>           <C>

 8     CPU/DEC PC      DEC 433DXLP                 $435.00    $3,480.00     SOLV
 1     CPU/DEC PC      DEC 433DXLP                 $435.00      $435.00     SOLV
 5     MON/DIGITAL     PC7XV-DE                    $185.00      $925.00     SOLV
 6     MON/DIGITAL     PC7XV-DE                    $185.00    $1,110.00     SOLV
 6     CPU DEC         DEC 433DXLP                 $435.00    $2,610.00     CGX
 9     MON DIGITAL     PC7XV-DE                    $185.00    $1,665.00     CGX
 1     MON SVGA        HP D2804A                   $305.00      $305.00     CGX

         TOTAL                                               $10,530.00
</TABLE>

                                                                              51


<PAGE>   54

     PHONE SYSTEM/MISC
                            OWNER - TCO INS SERV
                            LOCATION - SOLVANG


QTY DESCRIPT                 SPEC MODEL        SERIAL NO   UNIT VALUE EXT VALUE

 13 CONCENTRATOR             SMC ELITE 3512TP              $312.50    $4,062.50
 12 LANPRESS/CASTELLE                                      $312.50    $3,750.00
 3  SPOOLERfBYTELINK         MICROSYSTEMS      12S/256     $312.50      $937.50
 1  SPOOLER                  MICOM MULTIPORT               $312.50      $312.50
 1  FLOTROL                  LORAIN                        $312.50      $312.50
 1  SWITCH                   MITEL SX2000                  $312.50      $312.50
 1  BRIDGE                   TELCO 3100-63                 $312.50      $312.50
 1  BRIDGE/REMOTE            ETHER NB-30WILAN              $312.50      $312.50
 1  SERVER/ACCESS            CUBIX ERS II                  $312.50      $312.50
 1  EXABYTE                  EX8-8205XLE                   $312.50      $312.50
 2  DRIVEfHOBBES             FUJITSU           FW5033A-20  S312.50      $625.00
 1  MSU                      GANDALF ASM2081   285223      $312.50      $312.50
 1  TERMINATING UNIT         CONKLIN                       $312.50      $312.50
 1  HKSUfSTRATA XIIE         TOSHIBA           HKSU801     $312.50      $312.50

    TOTAL                                                            $12,500.00



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