REAL ESTATE AUCTION

BANKRUPTCY

20 ACRES VACANT LAND

AT ELLIOT AND 400^TH AVENUE, Tonopah, AZ

AUCTION TO BE HELD ON

MARCH 10, 2004 AT 10:00 A.M.

AT 3138 W. DURANGO STREET

PHOENIX, AZ 85009

• PARCEL NUMBER:  401-500-15-A

• LOT SIZE:  858001 SQUARE FEET OR 19.7 ACRES +/-

• 2003 TAXES:  $268.30

• 2003 ASSESSED FULL CASH VALUE:  $21,500.00

• DEBTOR PURCHASED PROPERTY ON 2/24/1992

• NO LIENS ON THIS PROPERTY

NO BUYERS PREMIUM

NO RESERVE