Balance Sheet
                               As of 11/30/2004
1/16/2005                                                                
Page 1

                                                       11/30/2004
                            Account                      Balance
            ASSETS
                Cash and Bank Accounts
                    Checking                               16,603.44
                TOTAL Cash and Bank Accounts               16,603.44

            TOTAL ASSETS                                   16,603.44

            LIABILITIES & EQUITY

            LIABILITIES                                         0.00

                EQUITY                                     16,603.44

            TOTAL LIABILITIES & EQUITY                     16,603.44