Octaber 8, 1945
 
		 MEMORANDUM FROM WILLIAM F. SNYDER AND
		 EARLE R. KOONS TO THE EXECUTORS OF THE
                 ESTATE OF FRNKLIN D. ROOSEVELT
 
                  TESTATIVE COMPUTATION OF NEW YORK
                  ---------------------------------
                             ESTATE TAX 
                             ----------
 
         
          Under Section 249-z of the New York Tax Law a discount of 
 
five per cent is allowed for payment of the estate tax within six 
 
months from the date of death.  This section provides, "if the tax
 
has not been assessed, a temporary payments may be made by the execu-
 
tor for the purpose of obtaining the discount herein provide for or
 
of avoiding interest."  The six months period from date of death
 
expires on October 100, 1945.
           
          After a conference held at Pughkeepsie among Mr. Hackett,
 
Mr. Snyder and Mr. Koons on Thursday, October 4, 1945, the following
 
tentative values were agreed upon, the schedules corresponding with 
 
the schedule of the New York Estate Tax Return:
 
     Schedule A - Reak Estate		        $    87,000.00*
 
     Schedule B - Stocks and Bonds                  345,000.00
 
     Schedule C - Mortages, Notes and Cash           60,597.57
 
     Schedule D - Insurance                          20,000.00*
 
     Schedule E - Jointly Owned Property                665.00
 
     Schedule F - Other Miscellaneous Property      235,114.26
 
     Schedule G - Transfers During Decedent's Life  133,000.00***
 
     Schedule H - Powers of Appointment                  0     -
 
     Schedule I (l) - Property Identified As
                      Previously Taxed              887,045.28****
                                                   -----------------
 
                      Total Gross                $1,768,422.11
 
                      Adjusted for purpose of
                      computer estimated tax to  $1,770,000.00