The Decree of the Surrogate's Court dated July 27, 1950
directed the following payments to be made from the
principal of the trust estate:
 
         1. Principal receiving commuissions of the Trustees in the
aggregate amount of $39,651.06 of which $13,217.02 was
payable to each of the three Trustees.
 
         2. Compensation of the three Special Guardians in the
proceeding in the amount of $1,650 to each.
 
         3. Compensation and disbursements to O'Connor & Farber for
legal services in the amount of $12,000.
 
         All of the foregoing payments have been made. The usual form
of receipt covering the payment of commissions is submitted
herewith for the signature of each Trustee.
 
         Under the terms of the said Decree dated July 27, 1950 the
Trustees were directed to abandon any and all claims of the
estate based upon Section A21 of the Internal Revenue Code
relating to refund of income taxes and the abandonment of
any and all claims based upon Section 939 of the Internal
Revenue Code relating to refund of estate taxes was
approved. Fee the purpose of filing the necessary proof to
obtain an order of compliance with the Decree, it is
proposed that the Trustees adopt a formal resolution
substantially as follows:
 
        "RESOLVED, that in compliance with the directions contained
        in the Decree of the Surrogate's Court, Dutchess County
        dated July 27, 1950, any and all claims of the estate based
        upon Section 421 of the Internal Revenue Code relating to
        refund of income taxes and Section 939 of the Internal
        Revenue Code relating to refund of estate taxes be and the
        same hereby are abandoned for all purposes as uncollectible
        and unenforceable and that said claims shall not be further
        prosecuted in any manner whatsoever."
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