HPD Investment Group LP                          02/12/00
               Distribution of Earnings from January  1, 1999 to December 31, 1999

                                             FEDERAL   SHORT TERM MID TRM  LONG TRM  MISC.    FOREIGN        VALUATION 
                                    TAXABLE  TAX FREE   CAPITAL   CAPITAL   CAPITAL INCOME/   TAXES     NET     UNITS 
     NO.        NAME      DIVIDENDS INTEREST INTEREST    GAINS     GAINS     GAINS  EXPENSE   PAID    PROFIT PURCHASED 
     ================================================================================================================= 
     TOTAL INCOME           311.88    15.75     0.00      6.18      0.00     55.93  -518.84    0.00   -129.10

     WITHDRAWALS DURING THE PERIOD
      1 Verlyn and Edward     0.29     0.00     0.00      0.06      0.00      0.13    -0.92    0.00     -0.44

     BALANCE TO BE DISTR.   311.59    15.75     0.00      6.12      0.00     55.80  -517.92    0.00   -128.66

     REMAINING INCOME DISTRIBUTION
      1 Kathleen Campen      23.37     1.18     0.00      0.46      0.00      4.19   -38.86    0.00     -9.66    -0.46
      2 Joan Davidson         8.60     0.43     0.00      0.17      0.00      1.54   -14.30    0.00     -3.56    -0.17
      3 Gregory Gainer       25.88     1.31     0.00      0.51      0.00      4.64   -43.01    0.00    -10.67    -0.50
      4 Mike Hughes          22.56     1.14     0.00      0.44      0.00      4.04   -37.50    0.00     -9.32    -0.44
      5 Nancy Montague       25.43     1.29     0.00      0.50      0.00      4.55   -42.26    0.00    -10.49    -0.50
      6 Jim O'Connor         34.59     1.75     0.00      0.68      0.00      6.19   -57.49    0.00    -14.28    -0.67
      7 Matt Olson           35.63     1.80     0.00      0.70      0.00      6.38   -59.23    0.00    -14.72    -0.69
      8 Allan Sitterson      19.61     0.99     0.00      0.39      0.00      3.51   -32.59    0.00     -8.09    -0.38
      9 Joe Thomas           32.67     1.65     0.00      0.64      0.00      5.85   -54.30    0.00    -13.49    -0.64
     10 Sean Thomas          22.96     1.16     0.00      0.45      0.00      4.11   -38.17    0.00     -9.49    -0.45
     11 Sharon Uliana        26.48     1.34     0.00      0.52      0.00      4.74   -44.02    0.00    -10.94    -0.52
     12 Gary Walker          33.81     1.71     0.00      0.66      0.00      6.06   -56.19    0.00    -13.95    -0.66
                          -------- -------- -------- --------- --------- --------- -------- --------- ------- --------
      TOTAL DISTRIBUTED     311.88    15.75     0.00      6.18      0.00     55.93  -518.84    0.00   -129.10    -6.07
      PER UNIT              0.1146   0.0058   0.0000    0.0023    0.0000    0.0205  -0.1906  0.0000   -0.0474

    Value of Unit before distribution           21.20
    Value of Unit after distribution            21.25