<PAGE>
================================================================================
Monthly Operating Report
ACCRUAL Basis
CASE NAME: Physicians Resource Group, Inc.
-------------------------------------------------
CASE NUMBER: 00-30748-RCM
-------------------------------------------------
JUDGE: Robert C. McGuire
-------------------------------------------------
UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF TEXAS
DALLAS DIVISION
MONTH ENDING: April 30, 2000
I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY
OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING
ATTACHMENTS AND THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF
THE PREPARER IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS KNOWLEDGE.
RESPONSIBLE PARTY:
/s/ Michael W. Yeary Chief Restructuring Officer
--------------------------------------- ---------------------------------------
ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE
Michael W. Yeary 5/19/2000
--------------------------------------- ---------------------------------------
PRINTED NAME OF RESPONSIBLE PARTY DATE
PREPARER:
/s/ Karen G. Nicolaou Controller - Secretary
--------------------------------------- ---------------------------------------
ORIGINAL SIGNATURE OF PREPARER TITLE
Karen G. Nicolaou 5/19/2000
--------------------------------------- ---------------------------------------
PRINTED NAME OF RESPONSIBLE PARTY DATE
<PAGE>
Monthly Operating Report
ACCRUAL BASIS-1
<TABLE>
<CAPTION>
--------------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
--------------------------------------------------
CASE NUMBER: 00-30748-RCM
--------------------------------------------------
--------------------------------------------------
COMPARATIVE
BALANCE
SHEET
--------------------------------------------------
<S> <C> <C> <C> <C> <C>
UNAUDITED ******** AMOUNTS ARE UNAUDITED *******
----------------------------------------------------------------------------------------------------------------------------------
SCHEDULE JANUARY FEBRUARY MARCH April
ASSETS AMOUNT (1)*
----------------------------------------------------------------------------------------------------------------------------------
1 UNRESTRICTED CASH 46,847,552 - 48,483,735 48,254,575 (2) 47,772,167
----------------------------------------------------------------------------------------------------------------------------------
2 RESTRICTED CASH 899,566 - 905,566 832,117 840,060
----------------------------------------------------------------------------------------------------------------------------------
3 TOTAL CASH 47,747,118 - 49,389,301 49,086,692 48,612,227
----------------------------------------------------------------------------------------------------------------------------------
4 ACCOUNTS RECEIVABLE (NET) 2,963,426 - 10,561 6,991 -
----------------------------------------------------------------------------------------------------------------------------------
5 INVENTORY - - - - -
----------------------------------------------------------------------------------------------------------------------------------
6 NOTES REC (SEE SCHEDULE) 529,848 - 529,878 519,948 519,133
----------------------------------------------------------------------------------------------------------------------------------
7 PREPAID EXPENSES 2,643,776 - 2,394,106 2,227,692 2,052,927
----------------------------------------------------------------------------------------------------------------------------------
8 OTHER (ATTACH LIST) - - 459,533 520,581 528,186
----------------------------------------------------------------------------------------------------------------------------------
9 TOTAL CURRENT ASSETS 53,884,168 - 52,783,378 52,361,903 51,712,473
----------------------------------------------------------------------------------------------------------------------------------
10 PROPERTY, PLANT & EQUIPMENT 201,837 - 4,525,708 4,485,554 4,485,554
----------------------------------------------------------------------------------------------------------------------------------
11 LESS: ACCUM DEPRECATION - - (3,281,910) (3,322,094) (3,379,131)
----------------------------------------------------------------------------------------------------------------------------------
12 NET PROPERTY, PLANT & EQUIP 201,837 - 1,243,798 1,163,461 1,106,423
----------------------------------------------------------------------------------------------------------------------------------
13 DUE FROM INSIDERS - - - - -
----------------------------------------------------------------------------------------------------------------------------------
14 OTHER ASSETS NET (ATTACH 80,910,621 - 76,928,562 76,936,716 76,936,716
LIST)
----------------------------------------------------------------------------------------------------------------------------------
15 OTHER (ATTACH LIST) 40,390 - 40,390 20,072 20,072
----------------------------------------------------------------------------------------------------------------------------------
16 TOTAL ASSETS 135,037,016 - 130,996,128 130,482,152 129,775,684
----------------------------------------------------------------------------------------------------------------------------------
POSTPETITION LIABILITIES
----------------------------------------------------------------------------------------------------------------------------------
17 ACCOUNTS PAYABLE - 3,487 57,986 348,108
----------------------------------------------------------------------------------------------------------------------------------
18 TAXES PAYABLE - - -
----------------------------------------------------------------------------------------------------------------------------------
19 NOTES PAYABLE - - -
----------------------------------------------------------------------------------------------------------------------------------
20 PROFESSIONAL FEES - 435,600 815,800 1,044,868
----------------------------------------------------------------------------------------------------------------------------------
21 SECURED DEBT - - -
----------------------------------------------------------------------------------------------------------------------------------
22 OTHER (ATTACH LIST) - 131,847 124,705 201,261
----------------------------------------------------------------------------------------------------------------------------------
23 TOTAL POSTPETITION - 570,934 998,491 1,594,237
LIABILITIES
----------------------------------------------------------------------------------------------------------------------------------
PREPETITION LIABILITIES
----------------------------------------------------------------------------------------------------------------------------------
24 SECURED DEBT - - - -
----------------------------------------------------------------------------------------------------------------------------------
25 PRIORITY DEBT 569,603 - 569,603 569,603 566,693
----------------------------------------------------------------------------------------------------------------------------------
26 UNSECURED DEBT 135,307,165 - 140,982,547 141,098,226 140,927,149
----------------------------------------------------------------------------------------------------------------------------------
27 OTHER (ATTACH LIST) - - 442,726 442,726 444,697
----------------------------------------------------------------------------------------------------------------------------------
28 TOTAL PREPETITION 135,876,768 - 141,994,876 142,110,554 141,938,540
LIABILITIES
----------------------------------------------------------------------------------------------------------------------------------
29 TOTAL LIABILITIES 135,876,768 - 142,565,810 143,109,045 143,532,777
----------------------------------------------------------------------------------------------------------------------------------
EQUITY
----------------------------------------------------------------------------------------------------------------------------------
30 PREPETITION OWNERS EQUITY (839,752) - (10,944,475) (11,050,372) (10,715,884)
----------------------------------------------------------------------------------------------------------------------------------
31 POSTPETITION CUMULATIVE - (625,207) (1,576,520) (2,796,340)
PROFIT OR (LOSS)
----------------------------------------------------------------------------------------------------------------------------------
32 DIRECT CHARGES TO EQUITY - - - -
(ATTACH EXPLANATION)
----------------------------------------------------------------------------------------------------------------------------------
33 TOTAL EQUITY (839,752) - (11,569,682) (12,626,893) (13,512,224)
----------------------------------------------------------------------------------------------------------------------------------
34 TOTAL LIABILITIES & OWNERS 135,037,016 - 130,996,128 130,482,152 130,020,552
EQUITY
----------------------------------------------------------------------------------------------------------------------------------
-
==================================================================================================================================
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
* The balances reported in the "Schedule Amount" column
represent the "current market value of the debtors
interest in property, without deducting any secured claim
or exemption." The balances in the monthly columns
represent Physician Resources Group, Inc.'s historical
cost basis in the asset, net of any allowance for the
impairment of the asset.
(1) Amounts included under the "Scheduled Amount" caption
have been updated to reflect changes in reported amounts
subsequent to filing the debtor's Statement of Financial
Affairs. PRG has filed amendments to the original
"Statement of Financial Affairs" and will continue to do
so as an when appropriate.
(2) During the month of May, PRG segregated the proceeds
received on behalf of the wholly-owned subsidiaries
resulting from (i) the sale of assets owned by the
subsidiaries and (ii) distributions of pro rata profits
from equity interests in Ambulatory Surgical Centers.
<PAGE>
<TABLE>
<CAPTION>
DETAIL SCHEDULE
CASE NAME: PHYSICIANS RESOURCE GROUP, INC. ACCRUAL BASIS 1
CASE NUMBER: 00-30748-RCM MONTH: APRIL 2000
------------------------
**** AMOUNTS ARE UNAUDITED ****
ITEM SCHEDULE
NO. DESCRIPTION AMOUNT JANUARY FEBRUARY MARCH APRIL
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
6 NOTES RECEIVABLE
-----------------------------------
E. MOORE 2,225,000 2,225,000 2,225,000 2,225,000
HALEY 77,215 77,215 77,215 77,215
WYLL 76,227 76,227 76,227 76,227
WESTFIELD 250,000 250,000 247,186 241,525
FRITCH 300,000 300,000 292,819 292,819
SHAFRON 60,000 60,000 60,000 60,000
WILEY 150,000 150,000 150,000 150,000
DOCTORS VISION CENTER 146,314 146,314 146,314 146,314
------------ ----------- ---------- -----------
TOTAL NOTES RECEIVABLE 3,284,756 3,284,756 3,274,761 3,269,100
ESTIMATED RESERVE AMOUNT (2,754,878) (2,754,878) (2,754,813) (2,749,967)
------------ ----------- ---------- -----------
ESTIMATED NET PRINCIPAL BALANCE 529,878 529,878 519,948 519,133
============ =========== ========== ===========
7 PREPAID EXPENSES
-----------------------------------
INSURANCE PREMIUMS 1,118,669 1,042,041 983,619 905,708
RESOURCES CONNECTION - RETAINER/FEES 92,574 30,046 29,006 29,006
GEORGE, DONALDSON & FORD - RETAINER 35,000 35,000 35,000 35,000
ANDREWS & KURTH - RETAINER 283,863 283,863 283,863 283,863
ARENT FOX KINTER PLOTKIN & KAHN - RETAINER 14,926 14,926 18,373 18,373
HORNTHAL PILEY ELLIS & MALLAND - RETAINER 3,500 3,500 3,500 3,500
JAMES E. BOREN - RETAINER 8,709 8,709 8,709 18,709
LEE & McINNISH - RETAINER 709 709 709 709
MUNSCH HARDT KOPF & HARR - RETAINER 10,000 10,000 10,000 10,000
NEAL & HARWELL -RETAINER 3,611 3,611 3,611 3,611
WOLIN, RIDLEY & MILLER - RETAINER 40,875 40,875 -
FARRIS MATTHEWS BRANAN BOBANGO -RETAINER 7,218 7,218 7,218 7,073
SMYSER, KAPLAN & VESELKA -RETAINER 50,000 50,000 50,000 49,888
HOULIHAN & LOKEY - RETAINER 35,000 35,000 35,000 35,000
JACKSON & WALKER - RETAINER 250,000 250,000 250,000 250,000
JONES DAY REAVIS & POGUE -RETAINER 75,000 75,000 75,000 75,000
MANN FRANKFORT -RETAINER 80,000 80,000 80,000 68,400
LAURA JAMES -RETAINER 20,000 20,000 20,000 20,000
DICKSON FLATO -RETAINER 20,000 20,000 20,000 20,000
GRUBB CONSULTING -RETAINER 8,400 8,400 8,400 5,495
CLOUGH & DOUGHERTY, PLLC -RETAINER 12,500 12,500 12,500 12,500
QUANTUM INTERESTS/DAVID HORN -RETAINER 80,000 40,000 - -
TONY ROVINSKY -RETAINER 8,000 5,034 2,674 2,674
DAVID SEGERS -RETAINER 6,600 6,600 6,600 6,600
AM SURG - PREPAID MANAGEMENT FEES 228,453 174,289 120,124 80,082
5005 RIVERWAY - PREPAID RENT 143,677 134,085 122,911 111,738
14800 LANDMARK - PREPAID RENT 38,793 - -
BAKERSFIELD CBO - PREPAID RENT 3,174 - -
ORLANDO CBO - PREPAID RENT 5,400 2,700 - -
------------ ----------- ---------- -----------
TOTAL PREPAID EXPENSES 2,643,776 2,394,106 2,227,692 2,052,927
============= =========== ========== ===========
8 OTHER CURRENT ASSETS
-----------------------------------
ACCRUED INTEREST ON NOTES RECEIVABLE - 459,532 520,581 528,186
------------ ----------- ---------- -----------
TOTAL OTHER CURRENT ASSETS - 459,532 520,581 528,186
============ =========== ========== ===========
14 OTHER ASSETS NET OF AMORTIZATION
-----------------------------------
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
INVESTMENTS IN SUBSIDIARIES 80,910,621 76,928,562 76,936,716 76,936,716
------------ ----------- ---------- -----------
TOTAL OTHER ASSETS NET OF AMORTIZATION 80,910,621 76,928,562 76,936,716 76,936,716
============ =========== ========== ===========
PRG HOLDS EQUITY INTERESTS IN APPROXIMATELY SEVENTY-FIVE
MANAGEMENT SERVICE ORGANIZATIONS AND AMBULATORY SURGICAL
CENTERS. FOR AMOUNTS INCLUDED IN THE "SCHEDULE" COLUMN,
PRG HAS ESTIMATED THE CURRENT MARKET VALUE TO BE
APPROXIMATELY $80,000,000 FOR THESE INTERESTS DISCOUNTED
APPROPRIATELY FOR THE UNCERTAINTITIES ASSOCIATED WITH
REALIZING SUCH VALUE, AND EXCLUDING THE VALUE OF POTENTIAL
CLAIMS WHICH MAY BE ASSERTED AGAINST THE PRACTICES BY PRG.
MONTHLY BALANCES REPRESENT HISTORICAL COST BASIS, LESS
ANY RESERVE FOR IMPAIRMENT OF THE ASSET.
15 OTHER NON-CURRENT ASSETS
-----------------------------------
DEPOSIT - CMD REALTY INVESTMENT DALLAS 38,790 38,790 20,072 20,072
DEPOSIT - CATALINA BARBER CORP BAKERSFIELD 1,600 1,600 - -
------------ ----------- ---------- -----------
TOTAL OTHER NON-CURRENT ASSETS 40,390 40,390 20,072 20,072
============ =========== ========== ===========
22 OTHER POST-PETITION LIABILITIES
-----------------------------------
ACCRUALS FOR ORDINARY COURSE PROFESSIONALS 130,597 122,205 199,594
ACCRUAL FOR US TRUSTEE FEE 1,250 2,500 1,667
----------- ---------- -----------
131,847 124,705 201,261
=========== ========== ===========
27 OTHER PRE-PETITION LIABILITIES
-----------------------------------
EMPLOYMENT TAX & W/H LIABILITY ESCROW - 442,726* 442,726 444,697
------------ ----------- ---------- -----------
TOTAL OTHER PRE PETITION LIABILITIES - 442,726 442,726 444,697
============ =========== ========== ===========
</TABLE>
* ACCRUED LIABILITY FOR ADJUSTMENTS WICH MAY ARISE FORM ERNST &
YOUNG'S REVIEW OF IRS TRANSCRIPTS OF EMPLOYMENT
TAX ACTIVITY OF PHYSICIANS RESOURCE GROUP, INC. AND AFFILIATED
ENTITIES. THIS AMOUNT IS INCLUDED IN THE RESTRICTED
CASH BALANCE.
<PAGE>
<TABLE>
<CAPTION>
Monthly Operating Report
CASE NAME: PHYSICIANS RESOURCE GROUP, INC. ACCRUAL BASIS-2
CASE NUMBER: 00-30748-RCM
INCOME STATEMENT ****** AMOUNTS ARE UNAUDITED ******
UNAUDITED
JANUARY FEBRUARY MARCH APRIL QUARTER
REVENUES TOTAL
------------------ ------------ ----------- ---------- ----------- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
1 GROSS REVENUES - - - - -
2 LESS: RETURNS & DISCOUNTS - - - - -
3 NET REVENUE - - - - -
COST OF GOODS SOLD
------------------
4 MATERIAL - - - - -
5 DIRECT LABOR - - - - -
6 DIRECT OVERHEAD - - - - -
7 TOTAL COST OF GOODS SOLD - - - - -
8 GROSS PROFIT - - - - -
OPERATING EXPENSES
------------------
9 OFFICER/INSIDER COMPENSATION - 63,750 63,750 63,750 191,250
10 SELLING & MARKETING - - -
11 GENERAL & ADMINISTRATIVE - 509,714 600,460 496,259 1,606,433
12 RENT & LEASE - 55,586 83,135 58,337 197,058
13 OTHER (ATTACH LIST) - 54,165 54,165 40,042 148,371
14 TOTAL OPERATING EXPENSES - 683,214 801,510 658,388 2,143,112
15 INCOME(LOSS) BEFORE - (683,214) (801,510) (658,388) (2,143,112)
NON-OPERATING INCOME & EXPENSE
OTHER INCOME & EXPENSE
----------------------
16 NON-OPERATING INCOME - 547,292 296,243 251,012 1,094,547
17 NON-OPERATING EXPENSE - 108 - (2,577) (2,469)
18 INTEREST EXPENSE - - - -
19 DEPRECIATION/DEPLETION - 54,284 59,625 57,038 170,946
20 AMORTIZATION - -
21 OTHER (ATTACH LIST) - 33,953 (67) 33,886
22 NET OTHER INCOME & EXPENSES - 492,900 202,666 196,618 892,184
REORGANIZATION EXPENSES
-----------------------
23 PROFESSIONAL FEES - 433,643 351,219 753,883 1,538,745
24 U. S. TRUSTEE FEES - 1,250 1,250 4,167 6,667
25 OTHER (ATTACH LIST) - -
26 TOTAL REORGANIZATION EXPENSES - 434,893 352,469 758,050 1,545,412
27 INCOME TAX - -
28 NET PROFIT (LOSS) - (625,207) (951,313) (1,219,820) (2,796,340)
</TABLE>
<PAGE>
DETAIL SCHEDULES
ACCRUAL BASIS 2
--------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
CASE NUMBER: 00-30748-RCM MONTH: APRIL 2000
--------------------------------------------
*** AMOUNTS ARE UNAUDITED ***
<TABLE>
<CAPTION>
ITEM
NO DESCRIPTION JANUARY FEBRUARY MARCH APRIL
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
11 GENERAL & ADMINISTRATIVE:
---------------------------------
SALARIES 221,522 231,687 179,593
CONSULTING FEES 188,031 164,569 106,762
PAYROLL TAXES 22,068 42,398 14,772
INSURANCE 61,938 58,888 83,900
TRAVEL 2,342 8,108 6,306
LODGING 1,036 3,839 1,918
CONTRACT LABOR 6,732 12,149 8,433
OFFICE SUPPLIES & EXPENSE 4,070 5,185 12,233
POSTAGE & DELIVERY - 6,554 816
TELEPHONE 898 23,527 77,039
MAINTENANCE & REPAIR 456 42,651 2,279
DATA PROCESSING 623 906 2,208
-------- ------- -------
TOTAL GENERAL & ADMINISTRATIVE 509,715 600,460 496,259
======== ======= =======
13 OTHER OPERATING EXPENSES
---------------------------------
ASC MANAGEMENT FEES 54,165 54,165 40,042
-------- ------- -------
TOTAL OTHER OPERATING EXPENSES 54,165 54,165 40,042
======== ======= =======
16 NON-OPERATING INCOME
---------------------------------
GAIN (LOSS) ON SALE OF ASSETS - (22,077) 1,375
TAX REFUND 6,664 -
INTEREST INCOME 190,627 315,080 245,515
LEGAL EXPENSE REIMBURSEMENT 350,000 -
MISCELLANEOUS - 3,240 4,123
-------- ------- -------
TOTAL OTHER INCOME & EXPENSE 547,291 296,243 251,012
======== ======= =======
21 NON-OPERATING EXPENSES
---------------------------------
PENALTIES & LATE FEES - 20,096 (67)
PROPERTY TAXES - 13,857 -
-------- ------- -------
TOTAL OTHER NON OPERATING EXPENSES - 33,953 (67)
======== ======= =======
</TABLE>
<PAGE>
Monthly Operating Report
----------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC. ACCRUAL BASIS-3
CASE NUMBER: 00-30748-RCM
----------------------------------------------
****** AMOUNTS ARE UNAUDITED ******
<TABLE>
<CAPTION>
CASH RECEIPTS AND JANUARY FEBRUARY MARCH APRIL QUARTER
DISBURSEMENTS - UN AUDITED TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1 BEGINNING BALANCE 47,747,118 47,747,118 49,389,301 49,086,692 47,747,118
------------------------------------------------------------------------------------------------------------------------------------
RECEIPTS FROM OPERATIONS
------------------------------------------------------------------------------------------------------------------------------------
2 CASH SALES - -
------------------------------------------------------------------------------------------------------------------------------------
COLLECTION OF ACCOUNTS RECEIVABLE
------------------------------------------------------------------------------------------------------------------------------------
3 PREPETITION - -
------------------------------------------------------------------------------------------------------------------------------------
4 POSTPETITION - -
------------------------------------------------------------------------------------------------------------------------------------
5 TOTAL OPERATING RECEIPTS - - - -
------------------------------------------------------------------------------------------------------------------------------------
NON-OPERATING RECEIPTS
------------------------------------------------------------------------------------------------------------------------------------
6 LOANS & ADVANCES (ATTACH LIST) - -
------------------------------------------------------------------------------------------------------------------------------------
7 SALE OF ASSETS - -
------------------------------------------------------------------------------------------------------------------------------------
8 OTHER (ATTACH LIST) - 2,100,148 317,020 256,327 2,673,496
------------------------------------------------------------------------------------------------------------------------------------
9 TOTAL NON-OPERATING RECEIPTS - 2,100,148 317,020 256,327 2,673,496
------------------------------------------------------------------------------------------------------------------------------------
10 TOTAL RECEIPTS - 2,100,148 317,020 256,327 2,673,496
------------------------------------------------------------------------------------------------------------------------------------
11 TOTAL CASH AVAILABLE 47,747,118 49,847,266 49,706,321 49,343,019 50,420,614
------------------------------------------------------------------------------------------------------------------------------------
OPERATING DISBURSEMENTS
------------------------------------------------------------------------------------------------------------------------------------
12 NET PAYROLL - 212,195 156,307 172,989 541,492
------------------------------------------------------------------------------------------------------------------------------------
13 PAYROLL TAXES PAID - 214,427 76,264 87,815 378,505
------------------------------------------------------------------------------------------------------------------------------------
14 SALES, USE & OTHER TAXES PAID - - 73,448 53,141 126,589
------------------------------------------------------------------------------------------------------------------------------------
15 SECURED/ RENTAL/ LEASES (NOTE 1) - - - - -
------------------------------------------------------------------------------------------------------------------------------------
16 UTILITIES - 923 24,575 30,030 55,528
------------------------------------------------------------------------------------------------------------------------------------
17 INSURANCE - 1,927 17,581 16,222 35,730
------------------------------------------------------------------------------------------------------------------------------------
18 INVENTORY PURCHASES - - - - -
------------------------------------------------------------------------------------------------------------------------------------
19 VEHICLE EXPENSE - - - - -
------------------------------------------------------------------------------------------------------------------------------------
20 TRAVEL - 3,377 9,233 8,057 20,666
------------------------------------------------------------------------------------------------------------------------------------
21 ENTERTAINMENT - ONSITE MEALS - 764 340 - 1,104
------------------------------------------------------------------------------------------------------------------------------------
22 REPAIRS & MAINTENANCE - 456 5,479 2,604 8,539
------------------------------------------------------------------------------------------------------------------------------------
23 SUPPLIES - 6,066 8,801 11,451 26,319
------------------------------------------------------------------------------------------------------------------------------------
24 ADVERTISING - - - - -
------------------------------------------------------------------------------------------------------------------------------------
25 OTHER (ATTACH LIST) - 17,829 238,431 136,581 392,841
------------------------------------------------------------------------------------------------------------------------------------
26 TOTAL OPERATING DISBURSEMENTS - 457,965 610,459 518,889 1,587,313
------------------------------------------------------------------------------------------------------------------------------------
REORGANIZATION FEES
------------------------------------------------------------------------------------------------------------------------------------
27 PROFESSIONAL FEES - - - 206,903 206,903
------------------------------------------------------------------------------------------------------------------------------------
28 U. S. TRUSTEE FEES - - - 5,000 5,000
------------------------------------------------------------------------------------------------------------------------------------
29 OTHER (ATTACH LIST) - - 9,171 - 9,171
------------------------------------------------------------------------------------------------------------------------------------
30 TOTAL REORGANIZATION EXPENSES - - 9,171 211,903 221,074
------------------------------------------------------------------------------------------------------------------------------------
31 TOTAL DISBURSEMENTS - 457,966 619,629 730,792 1,808,386
------------------------------------------------------------------------------------------------------------------------------------
32 NET CASH FLOW - 1,642,183 (302,609) (474,465) 865,109
------------------------------------------------------------------------------------------------------------------------------------
33 CASH - END OF MONTH 47,747,118 49,389,301 49,086,692 48,612,227 48,612,227
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE 1: Amounts previously reported on this line have been reclassified to
Other and included as Office and Storage Unit Rental on the detailed
schedule. There are no capital leases or secured lease obligations.
<PAGE>
<TABLE>
<CAPTION>
DETAIL SCHEDULES
CASE NAME: PHYSICIANS RESOURCE GROUP, INC. ACCRUAL BASIS 3
------------------------------------------
CASE NUMBER: 00-30748-RCM MONTH: APRIL 2000
ITEM *** AMOUNTS ARE UNAUDITED ***
NO DESCRIPTION JANUARY FEBRUARY MARCH APRIL
----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
NON OPERATING RECEIPTS
----------------------------------------------------
7 SALE OF ASSETS:
----------- ----------- --------
SUB-TOTAL SALES OF ASSETS - - -
=========== =========== ========
8 OTHER:
COLLECTION ON RECEIVABLE 1,682,317 47,462 10,516
INTEREST INCOME - 204,985 235,025
D & O INSURANCE CLAIM REFUND 350,000 - -
TAX REFUNDS 35,460 - -
COBRA PAYMENTS RECEIVED 13,346 17,667 6,171
REPAYMENT WORKING CAPITAL ADV 12,000 - -
SALE OF FURNITURE & FIXTURES (REMOTE OFCS) 6,654 3,275 500
RETURNED CHECKS - 41,521 -
REIMBURSEMENT OF ADMIN EXPENSES 371 2,111 4,115
----------- ----------- --------
2,100,148 317,020 256,327
=========== =========== ========
TOTAL NON OPERATING RECEIPTS 2,100,148 317,020 256,327
----------- ----------- --------
25 OTHER OPERATING DISBURSEMENTS
----------------------------------------------------
INVESTOR RELATIONS - 3,500 4,130
CONTRACT LABOR - OTHER 6,732 10,992 19,899
PENALTIES & LATE FEES 108 65 1,038
CONSULTING FEES 8,616 129,425 83,675
OFFICE & STORAGE UNIT RENTAL 350 93,108 25,610
DATA PROCESSING SERVICES 623 906 1,707
TRAINING - - 522
TAX LIABILITY - CURRENT PORTION 1,400 435 -
----------- ----------- --------
TOTAL OTHER OPERATING DISBURSEMENTS 17,829 238,431 136,581
=========== =========== ========
29 OTHER REORGANIZATION FEES
----------------------------------------------------
ADVERTISING OF BANKRUPTCY IN WSJ & OTHER PUBS - 5,669 -
INVESTOR RELATIONS - 3,500 -
----------- ----------- --------
- 9,169 -
=========== =========== ========
</TABLE>
<PAGE>
Monthly Operating Report
ACCRUAL BASIS-4
<TABLE>
<CAPTION>
CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
---------------------------------------------------
CASE NUMBER: 00-30748-RCM
---------------------------------------------------
********** ALL AMOUNTS ARE UNAUDITED **********
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
SCHEDULE JANUARY FEBRUARY MARCH APRIL
ACCOUNTS RECEIVABLE AGING AMOUNT
----------------------------------------------------------------------------------------------------------------------------------
1 0 - 60 -
----------------------------------------------------------------------------------------------------------------------------------
2 31 - 60 -
----------------------------------------------------------------------------------------------------------------------------------
3 61 - 90 -
----------------------------------------------------------------------------------------------------------------------------------
4 91 + -
----------------------------------------------------------------------------------------------------------------------------------
5 TOTAL ACCOUNTS RECEIVABLE - - - - -
----------------------------------------------------------------------------------------------------------------------------------
6 AMOUNT CONSIDERED - - - -
UNCORRECTABLE
----------------------------------------------------------------------------------------------------------------------------------
7 ACCOUNTS RECEIVABLE (NET) - - - - -
----------------------------------------------------------------------------------------------------------------------------------
AGING OF POSTPETITION TAXES MONTH: APRIL 2000
AND PAYABLES
----------------------------------------------------------------------------------------------------------------------------------
TAXES PAYABLE 0 - 30 DAYS 31 - 60 DAYS 61 - 90 DAYS TOTAL
----------------------------------------------------------------------------------------------------------------------------------
1 FEDERAL - -
----------------------------------------------------------------------------------------------------------------------------------
2 STATE - -
----------------------------------------------------------------------------------------------------------------------------------
3 LOCAL - -
----------------------------------------------------------------------------------------------------------------------------------
4 OTHER (ATTACH LIST) -
----------------------------------------------------------------------------------------------------------------------------------
5 TOTAL TAXES PAYABLE - - -
----------------------------------------------------------------------------------------------------------------------------------
6 ACCOUNTS PAYABLE 218,803 129,304 348,107
----------------------------------------------------------------------------------------------------------------------------------
STATUS OF POSTPETITION TAXES MONTH: APRIL 2000
----------------------------------------------------------------------------------------------------------------------------------
FEDERAL BEGINNING AMOUNT AMOUNT PAID ENDING TAX
(ADP TAX WITHHELD LIABILITY
REPORTS LIABILITY *
ATTACHED)
----------------------------------------------------------------------------------------------------------------------------------
1 WITHHOLDING ** - 57,818 57,818 -
----------------------------------------------------------------------------------------------------------------------------------
2 FICA-EMPLOYEE ** - 14,520 14,520 -
----------------------------------------------------------------------------------------------------------------------------------
3 FICA-EMPLOYER ** - 14,520 14,520 -
----------------------------------------------------------------------------------------------------------------------------------
4 UNEMPLOYMENT - 18 18 -
----------------------------------------------------------------------------------------------------------------------------------
5 INCOME - - - -
----------------------------------------------------------------------------------------------------------------------------------
6 OTHER(ATTACH LIST) - - - -
----------------------------------------------------------------------------------------------------------------------------------
7 TOTAL FEDERAL TAXES - 86,876 86,876 -
----------------------------------------------------------------------------------------------------------------------------------
STATE AND LOCAL
----------------------------------------------------------------------------------------------------------------------------------
8 WITHHOLDING - 704 704 -
----------------------------------------------------------------------------------------------------------------------------------
9 SALES - - - -
----------------------------------------------------------------------------------------------------------------------------------
10 EXCISE - - - -
----------------------------------------------------------------------------------------------------------------------------------
11 UNEMPLOYMENT (Note 1) - 234 234 -
----------------------------------------------------------------------------------------------------------------------------------
12 REAL PROPERTY - - - -
----------------------------------------------------------------------------------------------------------------------------------
13 PERSONAL PROPERTY - - - -
----------------------------------------------------------------------------------------------------------------------------------
14 OTHER (ATTACH LIST) - - - -
----------------------------------------------------------------------------------------------------------------------------------
15 TOTAL STATE & LOCAL - 938 938 -
----------------------------------------------------------------------------------------------------------------------------------
16 TOTAL TAXES - 87,815 87,815 -
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
* Beginning tax liability should represent the liability
from the prior month or, if this is the first operating
report, the amount should be zero.
** Attach photocopies of IRS Form 6123 or your FTD coupon and
payment receipt to verify payment or deposit.
Note: AB-3 includes amounts from ADP reports only. This
total includes an adjustment picked up on the bank
reconciliation.
<PAGE>
Monthly Operating Report
-------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC. ACCRUAL BASIS-5
CASE NUMBER: 00-30748-RCM
-------------------------------------------
The debtor in possession must complete the reconciliation below for each bank
account, including general, payroll and tax accounts, as well as all savings and
investment accounts, money market accounts, certificates of deposit, government
obligations, etc. Accounts with restricted funds should be identified by placing
an asterisk next to the account number. Attach additional sheets if necessary.
********** ALL AMOUNTS ARE UNAUDITED **********
BANK RECONCILIATIONS MONTH: APRIL 2000
---------------------------
<TABLE>
<CAPTION>
<S> <C> <C> <C>
-------------------------------------------------------------------------------------------------------------------------
A. BANK SWBOT COMERICA *
-----------------------------------------------------------------------------------------------------------
B. ACCOUNT NUMBER 326003 1880647522 TOTAL
-------------------------------------------------------------------------------------------------------------------------
C. PURPOSE (TYPE) OPERATING (1) TAX ESCROW
-------------------------------------------------------------------------------------------------------------------------
1 BALANCE PER BANK STATEMENT 2,505,353 2,505,353
-------------------------------------------------------------------------------------------------------------------------
2 ADD: TOTAL DEPOSITS NOT CREDITED -
-------------------------------------------------------------------------------------------------------------------------
3 SUBTRACT: OUTSTANDING CHECKS 281,839 281,839
-------------------------------------------------------------------------------------------------------------------------
4 OTHER RECONCILING ITEMS -
-------------------------------------------------------------------------------------------------------------------------
5 MONTH END BALANCE PER BOOKS 2,223,514 - 840,060 3,063,574
-------------------------------------------------------------------------------------------------------------------------
6 NUMBER OF LAST CHECK WRITTEN 1499 N/A
-------------------------------------------------------------------------------------------------------------------------
</TABLE>
* Escrow for potential tax payments resulting from the Ernst & Young
review of IRS transcripts for Physicians resource Group, Inc. and
affiliated companies.
(1) This is a zero balance account. Cash balances at the end of the day
are swept into overnight interest bearing investments.
INVESTMENT ACCOUNTS MONTH: APRIL 2000
---------------------------
<TABLE>
<CAPTION>
DATE OR TYPE OF PURCHASE CURRENT
BANK ACCOUNT NAME AND NUMBER PURCHASE INSTRUMENT PRICE VALUE
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
7 Southwest Bank of Texas 2-Mar-00 US TreasuryBill 23,384,140 23,594,230
-------------------------------------------------------------------------------------------------------------------------
8 Southwest Bank of Texas 21-Jan-00 US Treasury Bill 9,999,751 10,146,383
-------------------------------------------------------------------------------------------------------------------------
9 Southwest Bank of Texas 4-Feb-00 US Treasury Bill 11,498,315 11,651,766
-------------------------------------------------------------------------------------------------------------------------
10 Southwest Bank of Texas 21-Jan-00 Cert of Deposit 154,000 156,275
-------------------------------------------------------------------------------------------------------------------------
11 TOTAL INVESTMENTS 45,036,206 45,548,653
-------------------------------------------------------------------------------------------------------------------------
CASH
-------------------------------------------------------------------------------------------------------------------------
12 CURRENCY ON HAND -
-------------------------------------------------------------------------------------------------------------------------
13 TOTAL CASH - END OF MONTH 48,612,227
-------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Monthly
Operating
Report
CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
CASE NUMBER: 00-30748-RCM ACCRUAL BASIS-6
MONTH: APRIL 2000
********** ALL AMOUNTS ARE UNAUDITED **********
--------------------------------------------------
PAYMENTS TO INSIDERS AND PROFESSIONALS
--------------------------------------------------
OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT
PAID TO INSIDERS (AS DEFINED IN SECTION 101(31)(A)-(F) OF THE
U.S. BANKRUPTCY CODE) AND THE PROFESSIONALS. ALSO FOR INSIDERS,
IDENTIFY THE TYPE OF COMPENSATION PAID (e. g. SALARY, BONUS,
COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE,
ETC.) ATTACH ADDITIONAL SHEETS IF NECESSARY.
<TABLE>
<CAPTION>
INSIDERS
-----------------------------------------------------------------------------------------------------------------------------------
NAME TYPE OF AMOUNT PAID TOTAL PAID
PAYMENT TO DATE
<S> <C> <C> <C>
-----------------------------------------------------------------------------------------------------------------------------------
1 LANE EDENBURN SALARY 14,583 43,750
-----------------------------------------------------------------------------------------------------------------------------------
2 KAREN NICOLAOU SALARY 11,667 35,000
-----------------------------------------------------------------------------------------------------------------------------------
3 MICHAEL YEARY SALARY 37,500 112,500
-----------------------------------------------------------------------------------------------------------------------------------
SUBTOTAL 63,750 191,250
-----------------------------------------------------------------------------------------------------------------------------------
4 KAREN NICOLAOU EXP REIMBRMT - 4,154
-----------------------------------------------------------------------------------------------------------------------------------
5 MICHAEL YEARY EXP REIMBRMT 2,659 5,855
-----------------------------------------------------------------------------------------------------------------------------------
6 LANE EDENBURN EXP REIMBRMT - 682
-----------------------------------------------------------------------------------------------------------------------------------
6 TOTAL PAYMENTS TO INSIDERS 66,409 201,259
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Note: Insiders Salary is reported on line 9,
MOR-2. Expense reimbursements for insiders is
included in line 11, MOR-2
<TABLE>
<CAPTION>
PROFESSIONALS
---------------------------------------------------------------------------------------------------------------------------------
NAME DATE OF AMOUNT AMOUNT PAID TOTAL PAID TOTAL
COURT ORDER APPROVED TO DATE INCURRED
AUTHORIZING & UNPAID
PAYMENT * (1)
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1 ANDREWS & KURTH 165,865 165,865 165,865 592,426
---------------------------------------------------------------------------------------------------------------------------------
2 JACKSON & WALKER - - 452,442
---------------------------------------------------------------------------------------------------------------------------------
3 MANN FRANKFORT - - -
---------------------------------------------------------------------------------------------------------------------------------
4 DAVID HORN 41,038 41,038 121,038 -
---------------------------------------------------------------------------------------------------------------------------------
5 TOTAL PAYMENTS TO 206,903 206,903 286,903 1,044,868
PROFESSIONALS
---------------------------------------------------------------------------------------------------------------------------------
* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED.
------------------------------------------------------------------------------------------------------------
POST PETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS
------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
NAME OF CREDITOR SCHEDULED AMOUNTS TOTAL
MONTHLY PAID DURING UNPAID
PAYMENTS DUE MONTH POSTPETITION
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1 -
------------------------------------------------------------------------------------------------------------
2
------------------------------------------------------------------------------------------------------------
3
------------------------------------------------------------------------------------------------------------
4
------------------------------------------------------------------------------------------------------------
5
------------------------------------------------------------------------------------------------------------
6 TOTAL
------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
----------------------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC. MONTHLY OPERATING REPORT
----------------------------------------------------------
CASE NUMBER: 00-30748-RCM ACCRUAL BASIS -7
QUESTIONNAIRE MONTH: APRIL, 2000
YES NO
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1 Have any assets been sold or transferred outside X
the normal course of business in this reporting
period?
------------------------------------------------------------------------------------------------------------------------------------
2 Have any funds been disbursed from any account X
other than a debtor in possession account?
------------------------------------------------------------------------------------------------------------------------------------
3 Are any postpetition receivables (accounts, X
notes or loans) due from related parties?
------------------------------------------------------------------------------------------------------------------------------------
4 Have any payments been made on prepetition X
liabilities this reporting period?
------------------------------------------------------------------------------------------------------------------------------------
5 Have any postpetition loans been received by the X
debtor from any party?
------------------------------------------------------------------------------------------------------------------------------------
6 Are any postpetition payroll taxes past due? X
------------------------------------------------------------------------------------------------------------------------------------
7 Are any postpetition state or federal income X
taxes past due?
------------------------------------------------------------------------------------------------------------------------------------
8 Are any postpetition real estate taxes past due? X
------------------------------------------------------------------------------------------------------------------------------------
9 Are any other postpetition taxes past due? X
------------------------------------------------------------------------------------------------------------------------------------
10 Are any amounts owed to postpetition creditors X
delinquent?
------------------------------------------------------------------------------------------------------------------------------------
11 Have any prepetition taxes been paid during the X
reporting period?
------------------------------------------------------------------------------------------------------------------------------------
12 Are any wage payments past due. X
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
If the answer to any of the above questions is "yes," provide a detailed
explanation of each item. Attach additional sheets if necessary.
In accordance with court order , a total of
fifty one thousand two hundred forty dollars and
sixty-seven cents ($54,178.99) was paid for
prepetition property taxes for Physician's
Resource Group, Inc. and its affiliated
companies.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
--------------------------------------------------------------
INSURANCE
--------------------------------------------------------------
YES NO
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1 Are workers compensation, general liability and X
other necessary insurance coverages in effect?
------------------------------------------------------------------------------------------------------------------------------------
2 Are all premium payments paid current. X
------------------------------------------------------------------------------------------------------------------------------------
3 Please itemized policies below. SCHEDULE ATTACHED
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
If the answer to any of the above questions is "no", or if any policies have
been cancelled or not renewed during the reporting period, provide and
explanation below. Attach additional sheets if necessary.
--------------------------------------------------------------
--------------------------------------------------------------
<TABLE>
<CAPTION>
INSTALLMENT
PAYMENTS
------------------------------------------------------------------------------------------------------------------------------------
TYPE OF CARRIER PERIOD PAYMENT
POLICY
COVERED AMOUNT FREQUENCY
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 Property "all risk" except policy exclusions Hartford 12/99 - 12/00 11,673 MNTHLY
------------------------------------------------------------------------------------------------------------------------------------
2 Umbrella Liability excess of schedule of TIG 06/99 - 06/00 48,579 QTRLY
underlying insurance Specialty
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
-------------------------------------------
CASE NAME: PHYSICIANS RESOURCE GROUP, INC.
CASE NUMBER: 00-30748-RCM RESPONSES TO QUESTIONNAIRE
-------------------------------------------
MONTH: APRIL, 2000
--------------------------
<TABLE>
<CAPTION>
QUESTIONNAIRE
-------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
11 Prepetition taxes
------------------------------------------------------------------------------
Taxing Authority Amount Paid Description
Lake County Tax Collector $ 669.66 Property Taxes & Penalties- 1999
Lake County Tax Collector 733.94 Property Taxes & Penalties- 1999
Lake County Tax Collector 6,331.99 Property Taxes & Penalties- 1999
Lake County Tax Collector 3,619.07 Property Taxes & Penalties- 1999
Clark County Assessor 1,518.72 Property Taxes & Penalties- 1999
Miami-Dade County Tax colletor 2,256.22 Property Taxes & Penalties- 1999
Miami-Dade County Tax colletor 2,322.63 Property Taxes & Penalties- 1999
Miami-Dade County Tax colletor 2,049.06 Property Taxes & Penalties- 1999
Titusville Tax Collector 2,844.39 Property Taxes & Penalties- 1999
Titusville Tax Collector 2,631.47 Property Taxes & Penalties- 1999
Titusville Tax Collector 3,133.69 Property Taxes & Penalties- 1999
Titusville Tax Collector 2,838.11 Property Taxes & Penalties- 1999
Titusville Tax Collector 2,747.95 Property Taxes & Penalties- 1999
City of Dallas 51.97 Property Taxes & Penalties- 1999
Houston Tax Collector 6.11 Property Taxes & Penalties- 1999
Houston Tax Collector 75.96 Property Taxes & Penalties- 1999
Denton County Tax Collector 215.13 Property Taxes & Penalties- 1999
Dade City Tax Collector 4,358.29 Property Taxes & Penalties- 1999
Broward County Revenue Collector 2,589.45 Property Taxes & Penalties- 1999
Vero Beach Tax Collector 3,054.48 Property Taxes & Penalties- 1999
Town of Addison Tax Collector 3,446.02 Property Taxes & Penalties- 1999
Travis County Tax Collector 290.46 Property Taxes & Penalties- 1999
Pitney Bowes 126.17 Equipment Tax - 1999
Pitney Bowes 166.17 Equipment Tax - 1999
Dallas Tax Assessor 4,011.38 Property Taxes & Penalties- 1999
Pasadena Tax Assessor 770.71 Property Taxes & Penalties- 1999
Tampa Tax Collector 1,319.79 Property Taxes & Penalties- 1999
----------
Total Paid $54,178.99
==========
Insurance:
-------------------------------------------------------------------------------------------------
2 Premiums paid currently.
------------------------------------------------------------------------------
In accordance with the cash management orders, PRG instructed its bank not to honor checks presented after
February 01, 2000 dated January 31, 2000 and prior. Included in these outstanding items were $12,200 in checks
payable to AON Risk Services of Texas. The company is currently in the process of reconciling their account with
AON, and the accounts will be brought current after obtaining appropriate payment authority from the Court. PRG
has not received notice of cancellation or potential cancellation.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CASE NAME: PHYSICIANS RESOURCE GROUP, INC. MONTHLY OPERATING REPORT
CASE NUMBER: 00-30748-RCM SCHEDULE OF INSURANCE COVERAGE
MONTH: APRIL, 2000
------------------
POLICY PERIOD LIMIT OF
-----------------------------
TYPE OF COVERAGE CARRIER INCEPTION EXPIRATION PREMIUM: LIABILITY
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1 Directors, Officers and Corporate National Union Fire Insur 20-Apr-99 20-Apr-00 $724,000 $10,000,000
Liability (Renewal and Extension) Co of Pittsburgh, PA
2 Directors, Officers and Corporate National Union Fire Insur 20-Apr-00 20-Apr-01 $450,000 $10,000,000
Liability (One year extension of coverage) Co of Pittsburgh, PA
3 Directors, Officers and Corporate Liability National Union Fire Insur 20-Apr-01 20-Apr-07 $450,000 $10,000,000
(Six year run off.) Co of Pittsburgh, PA
4 Employed Lawyers Liability Insurance National Union Fire Insur 20-Apr-99 20-Apr-00 $ 9,160 $ 5,000,000
(Note 1) Co of Pittsburgh, PA
5 Commercial Crime National Union Fire Insur 20-Apr-99 20-Apr-00 $ 15,591 $ 5,000,000
(Note 2) Co of Pittsburgh, PA
6 Workers Compensation - Standard forms; Hartford Insurance Co/ 31-Dec-99 31-Dec-00 $ 28,259 $ 1,000,000
Extended Board
Form endorsement where applicable Hartford Mid West Insur
7 Auto Standard Forms & Broad Form Hartford Insurance Co 31-Dec-99 31-Dec-00 $ 2,300 $ 1,000,000
Auto Endorsement
8 Property Hartford Insurance Co 31-Dec-99 31-Dec-00 $140,073 $43,835,755
9 Umbrella Liability TIG Specialty Insurance 1-Jun-99 1-Jun-0 $185,061 $10,000,000
Note 1: Policy has been extended for a period of one year on
terms substantailly the same as the expiring coverage.
Note 2: Policy has been extended for a period of
approximately thirty days pending completion of negotiations
with the underwriter.
</TABLE>
