| CREDENTIALS |
| I am the owner of the real estate-appraisal firm, Chas. S. Middleton and Son, which was established by my grandfather in 1920. My father was active in this company until his retirement in 1988. My business in general consists of farm and ranch appraisals, and farm and ranch sales. I hold a Real Estate Broker's License in Texas, New Mexico and Oklahoma. I have served numerous times as an expert witness in court. I have been appointed Receiver for the Court to manage and sell ranch property. I hold the designation of ARA (Accredited Rural Appraiser) through the American Society of Farm Managers and Rural Appraisers. The American Society conducts a mandatory program of continuing education for their accredited members. I am current with the requirements of this program through December 31, 2001. I am a State Certified Appraiser in Texas (Certificate Number TX-1321528-G), and also in New Mexico (Certificate Number 00739-G). APPRAISAL COURSES Rural Appraisal Course - American Society of Farm Managers and Rural Appraisers Eminent Domain Course - American Society of Farm Managers and Rural Appraisers Ranch Appraisal Course - American Society of Farm Managers and Rural Appraisers Advanced Ranch Appraisal Course - American Society of Farm Managers & Rural Appraisers Grazing Lands and Cattle Ranches Appraisal Course - American Institute of Appraisers Real Estate Appraisal Course - New Mexico Real Estate Institute Real Estate Valuation - Oklahoma State University Numerous short courses and seminars MEMBERSHIPS Texas Chapter of the American Society of Farm Managers and Rural Appraisers American Society of Farm Managers and Rural Appraisers (Accredited Rural Appraiser) Past Director - Texas Chapter American Society of Farm Managers and Rural Appraisers Past Director - Texas Society of Professional Land Managers and Appraisers Board of Overseers - Ranching Heritage Association, Texas Tech University Past President - Ranching Heritage Association, Texas Tech University Vice President Endowment - Ranching Heritage Association, Texas Tech University Past Member - Presidential Advisory Committee, Texas Tech University Member - Texas and Southwestern Cattle Raisers Association Member - New Mexico Cattle Growers Association Past Member - School Board, All Saints Episcopal School Panel Member - Texas Real Estate Research Center Panel Member - Rural Land Values Survey, University of Wisconsin Director - National Windmill Project I have appraised numerous farms and ranches in Texas, Oklahoma, Kansas, Colorado, Nebraska, and New Mexico with representative clients being: BANKS |
| Amarillo National, Amarillo American State Bank, Lubbock American State Bank, Snyder Bank of America, Houston Crestar Bank, Roanoke Crocker National Bank, Fresno First National, Abilene First National, Amarillo First National, Chicago First National, Hereford First National, Lubbock First National, Marshall First National, Oklahoma City First National, Roswell First National, Sweetwater First Oklahoma, Oklahoma City Hale Co. State Bank, Plainview Idaho First National, Boise Liberty State, Lubbock M Bank, Dallas M Bank, Wichita Falls NCNB, Austin Nations Bank, Dallas | NCNB, Fort Worth NCNB, Midland Plains National Bank, Lubbock Southern Natl. Corpus Christi Texas American Bank, Amarillo Texas American Bank, Ft. Worth Texas Commerce Bank, Beaumont Texas Commerce Bank, Conroe Texas Commerce Bank, Houston Texas Commerce Bank, Lubbock Waggoner National Bank, Vernon Team Bank, Fort Worth First Bank, Saint Joseph Northern Trust Bank of Florida Texas Commerce Bank of Odessa First National, Ardmore Bank One, Fort Worth Bank One, Dallas First Victoria National Bank, Victoria First United Bank, Lubbock Bank of Oklahoma, Oklahoma City Norwest/Wells Fargo, San Antonio Bank of America, Dallas |
| LAW FIRMS |
| Bass and Hobbs Bishop, Lamsens and Brown Cantey, Hanger Cowles and Thompson Crenshaw, Dupree, and Milam Fulbright and Jaworski Gibson, Ochsner and Adkins Hinkle Law Firm Jones, Flygare, and Brown Jung and Brian Kastler and Kamm | Key and Key McCleskey Law Firm McMahon Law Firm McWhorter, Cobb, and Johnson Prappas, Caldwell, and Moncure Baker Law Firm Whittenburg Law Firm Williams, Porter, and Day Barnett, Ward and Cook Moody and Hays Law Firm McGinnis, Lochridge and Kilgore |
| CERTIFIED PUBLIC ACCOUNTANTS |
| Coopers and Lybrand Freemon, Shepard, and Story Harris, Williams and May Main Hurdman | Peat, Marwick, Mitchell Pratas, Smith and Moore King, Moore, Truelove & Pharis |
| FEEDLOTS AND GRAIN ELEVATORS |
| Bar-G Feedyard Birdwell Feedlot Cluck Feedlot Dimmitt Feed Yard Donley County Feedyard Frio Feeders H and H Feedlot Hill Feedlots King Grain King Feedlot Northrup King Company Parks Feedlot Riata Feeders Sunnyside Feed Yard Tulia Feed Lots Sugarland Feed Yards, Inc. L.S. Feedyard, Inc. Coyote Lake Feedyard Pride Feeders, Inc. Smith Cattle Feeders, Inc. Whiteface Feedyard | Beef City, Inc. Feedyard First Choice Feeders, LP Farr Feeders Old Santa Fe Feeders S-Bar Ranch Feedlot Kan-Tex Feeders, Inc. Cattlemens, Inc. Pawnee Beefbuilders, Inc. National Farm Feedlots Olton Feedyard Cattlemen's Feedlot, LTD. Classic Cattle Company, L.P. Dumas Cattle Feeders, Inc. Poky Feeders, Inc. R and R Feedyard Drag T Feeders Cowtown Feeders, Inc. Bear Creek Feeders Sunbelt Feeders, Inc. Pecos Beef, Inc. Oshkosh Feedyard |
| FARMS AND RANCHES |
| Bill Arrington Ranches B and D Cattle Company Beaver Estate Ranches Birdwell Ranch Clark Estate Ranch J.S. Bridwell Ranches Paul Braddock Estate Ranches Britt Ranch Brittingham Ranch C.C. Burgess Ranches Anne Burnett Windfohr Ranches Cage Ranch Cave Estate Ranches Circle Land and Cattle Corp. J. M. Davenport Ranch Daisy Clayton Estate Ranch Clements Corporation Farms Cowan Estate Ranch Crews Ranch Deck Estate Ranches DeVitt Estate Ranch Otis and Dan English Ranch Furr Ranch Gray Estate Ranch Grisham Estate Ranches Guest Estate Ranches Johnson Estate Ranch Little Estate Ranch M & M Cattle Company Matador Cattle Company | F. O. Masten Estate Matthews Trust McNeill Ranch Sam Noble Trust O Bar O Ranch Payne Ranch Price Brothers Ranch Rafter Cross Ranch T.L. Roach Estate Ranch S Lazy S Ranch Scharbauer Cattle Company S.E.A. Ranches Marvin Shurbet Estate Ranch Slaughter Farms Spring Creek Ranch T Bar Ranch Tecumseh Ranch Vernon Cox Estate Ranches U U Bar Ranch Dixon Creek Ranch 6666 Ranches J.W. Campbell Ranches Sam Daube Ranch Hagy-Bitter Creek Ranch Ponil Ranch Black Lake Ranch Farias Ranch Spike Box Ranches |
| MISCELLANEOUS |
| Abilene Christian University Cal Farley's Boys Ranch Connecticut General Life Insurance Co. Farm Credit Bank of Texas Farmers Home Administration Federal Deposit Insurance Corp. Federal Land Bank of Texas Girlstown, U. S. A. Governor's Office of Education Resources Methodist Home Phillips Petroleum Company | Samedan Oil Corporation Texas Scottish Rite Hospital Texas Tech University Western National Life Insurance Company Traveler's Insurance Company Mitchell County Economic Development Board Childrens Home of Lubbock Masonic Home of Texas Ewing Halsell Foundation Met Life Ag Investments |