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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
(RULE 13D-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13D-1 (B) (C), AND (D) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13D-2(B)
EQUITY INNS, INC.
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(Name of Issuer)
Common Stock, $.01 par value per share
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(Title of Class of Securities)
294703 10 3
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(CUSIP Number)
November 17, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[ ] Rule 13d-1 (b)
[X] Rule 13d-1 (c)
[ ] Rule 13d-1 (d)
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CUSIP NO. 294703 10 3 13G PAGE 2 OF 12 PAGES
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only)
Phillip H. McNeill, Sr.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
NUMBER OF 1,938,993(1)
SHARES -----------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY -----------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH 1,938,993(1)
REPORTING -----------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON WITH -0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,938,993(2)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.12%(2)
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12 TYPE OF REPORTING PERSON
IN
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(1) Includes (a) 77,600 shares of Common Stock which are subject to vesting
but which Mr. McNeill, Sr. has the power to vote; (b) 390,000 shares of
Common Stock that are issuable upon the exercise of options granted to
Mr. McNeill, Sr. under the Issuer's 1994 Stock Incentive Plan; (c)
554,906 shares of Common Stock that are potentially issuable upon the
redemption of units of limited partnership interests in Equity Inns
Partnership, L.P. (the "Units") held by Mr. McNeill, Sr. (at the
election of the holder, the Units may be tendered for redemption and at
the sole option of the Issuer, the Units are redeemable for cash or for
shares of Common Stock on a one-for-one basis); (d) 15,218 shares of
Common Stock owned by McNeill Investment Company, Inc. ("McNeill
Investment") of which Mr. McNeill, Sr. owns approximately 99% of the
capital stock and his son, Phillip H. McNeill, Jr., owns less than 1%;
and (e) 275,678 shares of Common Stock that are potentially issuable
upon the redemption of Units held by McNeill Investment.
(2) The percentage assumes all of the options to acquire Common Stock are
exercised and all of the Units held by Mr. McNeill, Sr. are redeemed
for shares of Common Stock but that no other outstanding options are
exercised or Units are redeemed for shares of Common Stock.
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CUSIP NO. 294703 10 3 13G PAGE 3 OF 12 PAGES
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only)
Mabel M. McNeill
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
NUMBER OF 14,705
SHARES -----------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY -----------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH 14,705
REPORTING -----------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON WITH -0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,705
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.04%
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12 TYPE OF REPORTING PERSON
IN
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CUSIP NO. 294703 10 3 13G PAGE 4 OF 12 PAGES
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only)
PHM Family, L.L.C.(3)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Tennessee
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5 SOLE VOTING POWER
NUMBER OF -0-
SHARES -----------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY 4,671(4)
OWNED BY -----------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH -0-
REPORTING -----------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON WITH 4,671(4)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,671
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.01%(5)
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12 TYPE OF REPORTING PERSON
OO
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(3) The membership interests of PHM Family, LLC are owned 1/3 by M. Whitney
McNeill, 1/3 by Hallie V. McNeill and 1/3 by Mr. McNeill, Jr., the
adult children of Phillip H. McNeill, Sr. and Mabel M. McNeill.
(4) These shares of Common Stock are potentially issuable upon the
redemption of Units held by PHM. At the election of the holder, the
Units may be tendered for redemption. At the sole option of the Issuer,
the Units are redeemable for cash or for shares of Common Stock on a
one-for-one basis.
(5) The percentage assumes that all of the Units held by PHM are redeemed
for shares of Common Stock but that no outstanding options are
exercised or other Units are redeemed for shares of Common Stock.
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CUSIP NO. 294703 10 3 13G PAGE 5 OF 12 PAGES
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only)
M. Whitney McNeill
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
NUMBER OF 9,189
SHARES -----------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY -----------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH 9,189
REPORTING -----------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON WITH -0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,189
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.05%
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12 TYPE OF REPORTING PERSON
IN
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CUSIP NO. 294703 10 3 13G PAGE 6 OF 12 PAGES
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only)
Hallie V. McNeill
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
NUMBER OF 8,802
SHARES -----------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY -----------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH 8,802
REPORTING -----------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON WITH -0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,802
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.04%
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12 TYPE OF REPORTING PERSON
IN
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CUSIP NO. 294703 10 3 13G PAGE 7 OF 12 PAGES
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only)
Phillip H. McNeill, Jr.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
NUMBER OF 67,661(6)
SHARES -----------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY -----------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH 67,661(6)
REPORTING -----------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON WITH -0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
67,661
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.184%(7)
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12 TYPE OF REPORTING PERSON
IN
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(6) Includes 29,640 shares of Common Stock which are subject to vesting but
which Mr. McNeill, Jr. has the power to vote and 6,701 shares
potentially issuable upon the redemption of Units held by Mr. McNeill,
Jr. At the election of the holder, the Units may be tendered for
redemption. At the sole option of the Issuer, the Units are redeemable
for cash or shares of Common Stock on a one-for-one basis. Excludes
18,949 Units and 15,218 shares of Common Stock held by McNeill
Investment in which Mr. McNeill, Jr. owns less than 1% of the capital
stock and Mr. McNeill, Sr. owns approximately 99% of the capital stock.
(7) The percentage assumes all of the Units held by Mr. McNeill, Jr. are
redeemed for shares of Common Stock but that no other Units are
redeemed for shares of Common Stock.
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Item 1(a) Name of Issuer:
Equity Inns, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
7700 Wolf River Boulevard, Germantown, Tennessee 38138
Item 2(a) Name of Persons Filing:
This statement is being filed on behalf of Phillip H. McNeill,
Sr. ("Mr. McNeill, Sr."), Mabel M. McNeill ("Mrs. McNeill"),
M. Whitney McNeill ("Whitney McNeill"), Hallie V. McNeill
("Hallie McNeill"), Phillip H. McNeill, Jr. ("Mr. McNeill,
Jr.") and PHM Family, L.L.C. ("PHM" and, together with Mr.
McNeill, Sr., Mrs. McNeill, Whitney McNeill, Hallie McNeill
and Mr. McNeill, Jr., the "Reporting Persons").
Item 2(b) Address of Principal Business Office or, if None, Residence:
The address of the principal business office of Mr. McNeill,
Sr. is 7700 Wolf River Boulevard, Germantown, Tennessee 38138.
The residence address of Mrs. McNeill is 218 Cloister Green
Lane, Memphis, Tennessee 38120.
The residence address of Whitney McNeill is 4267 Chanwil
Place, Memphis Tennessee 38117.
The residence address of Hallie McNeill is 247 Mary Ann Drive,
Memphis, Tennessee 38117.
The address of the principal business office of Mr. McNeill,
Jr. is 7700 Wolf River Boulevard, Germantown, Tennessee 38138.
The address of the principal business office of PHM is 7700
Wolf River Boulevard, Germantown, Tennessee 38138.
Item 2(c) Citizenship:
Mr. McNeill, Sr., Mrs. McNeill, Whitney McNeill, Hallie
McNeill and Mr. McNeill, Jr. are United States citizens. PHM
is a Tennessee limited liability company.
Item 2(d) Title of Class of Securities:
Common Stock, $.01 par value per share ("Common Stock")
Item 2(e) CUSIP Number:
294703 10 3
Page 8 of 12 Pages
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Item 3 If this statement is filed pursuant to Rule 13d-1(b), or
13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the
Exchange Act
(b) [ ] Bank as defined in section 3(a)(6) of the Exchange Act
(c) [ ] Insurance company as defined in section 3(a)(19) of
the Exchange Act
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act
(e) [ ] Investment adviser registered in accordance with Rule
13d-1(b)(1)(ii)(E)
(f) [ ] Employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(i)(ii)(F)
(g) [ ] Parent holding company or control person, in
accordance with Rule 13d-1(b)(1)(ii)(G)
(h) [ ] Savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act
(i) [ ] Church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the
Investment Company Act
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J)
Not applicable
Item 4 Ownership:
(a) Amount Beneficially Owned: See Item 9 of Cover Pages
(b) Percent of Class: See Item 11 of Cover Pages
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote - See Item
5 of Cover Pages
(ii) shared power to vote or to direct the vote - See
Item 6 of Cover Pages
(iii) sole power to dispose of or to direct the
disposition of - See Item 7 of Cover Pages
(iv) shared power to dispose of or to direct the
disposition of - See Item 8 of Cover Pages
Item 5 Ownership of Five Percent or Less of a Class:
Not applicable
Page 9 of 12 Pages
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Item 6 Ownership of More than Five Percent on Behalf of Another
Person:
Not applicable
Item 7 Identification and Classification of the Subsidiaries Which
Acquired the Security Being Reported on by the Parent
Holding Company:
Not applicable
Item 8 Identification and Classification of Members of the Group:
Not applicable
Item 9 Notice of Dissolution of Group:
Not applicable
Item 10 Certification:
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired
and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of such
securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
Page 10 of 12 Pages
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SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated: February 25, 2000 /s/ Phillip H. McNeill, Sr.
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Phillip H. McNeill, Sr.
Dated: February 25, 2000 /s/ Mabel M. McNeill
-----------------------------------
Mabel M. McNeill
Dated: February 25, 2000 /s/ Mary Whitney McNeill
-----------------------------------
M. Whitney McNeill
Dated: February 25, 2000 /s/ Hallie V. McNeill
-----------------------------------
Hallie V. McNeill
Dated: February 25, 2000 /s/ Phillip H. McNeill, Jr.
-----------------------------------
Phillip H. McNeill, Jr.
PHM FAMILY, L.L.C.
Dated: February 25, 2000 By: /s/ Phillip H. McNeill, Jr.
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Name: Phillip H. McNeill, Jr.
Title:
Page 11 of 12 Pages
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EXHIBIT 1
JOINT FILING AGREEMENT AMONG PHILIP H. MCNEILL, SR.,
MABEL M. MCNEILL, M. WHITNEY MCNEILL, HALLIE V. MCNEILL,
PHILLIP H. MCNEILL, JR. AND PHM FAMILY, L.L.C.
WHEREAS, in accordance with Rule 13d-1(k) under the Securities and
Exchange Act of 1934 (the "Act"), only one joint statement and any amendments
thereto need to be filed whenever one or more persons are required to file such
a statement or any amendments thereto pursuant to Section 13(d) of the Act with
respect to the same securities, provided that said persons agree in writing that
such statement or amendments thereto are filed on behalf to each of them:
NOW, THEREFORE, the parties hereto agree as follows:
PHILIP H. McNEILL, SR., MABLE M. McNEILL, M. WHITNEY McNEILL, HALLIE V.
McNEILL, PHILLIP H. McNEILL, JR. AND PHM FAMILY, L.L.C. hereby agree, in
accordance with 13d-1(k) under the Act, to file a statement on Schedule 13G
relating to their ownership of Common Stock of the Issuer and do hereby further
agree that said statement shall be filed on behalf of each of them.
Dated: February 25, 2000 /s/ Phillip H. McNeill, Sr.
-----------------------------------
Phillip H. McNeill, Sr.
Dated: February 25, 2000 /s/ Mabel M. McNeill
-----------------------------------
Mabel M. McNeill
Dated: February 25, 2000 /s/ Mary Whitney McNeill
-----------------------------------
M. Whitney McNeill
Dated: February 25, 2000 /s/ Hallie V. McNeill
-----------------------------------
Hallie V. McNeill
Dated: February 25, 2000 /s/ Phillip H. McNeill, Jr.
-----------------------------------
Phillip H. McNeill, Jr.
PHM FAMILY, L.L.C.
Dated: February 25, 2000 By: /s/ Phillip H. McNeill, Jr.
-------------------------------
Name: Phillip H. McNeill, Jr.
Title:
Page 12 of 12 Pages
