Item 3.  Properties

         The Registrant has its offices at 2920 Harrison Street, Davenport,
         Iowa.  The Company rents approximately 700 square feet of space with
         furnishings at a monthly rate of 600.00 dollars.

         Registrant feels this office space is of adequate size and capacity to
         handle the business of Registrant and its anticiapted growth for
         forseeable future needs.