.,

s.

Rm 709 Unlted Stahs Gm (al fieneratlon-Sklpslni Transfel) Tax Return

[an Mum“, ‘99:“lSecllan eels ol lhe lnlerhal Revenue coon) (For gals mac. lhlv number 31. 1991) Ma No .9500“

oeeanrm e r. on”,callndl your IQ HC ,

Ewes s-sr-es

rm. emu. Svmce » see meme mumcnans. For Prlveey Acl Nance. see en- lulructkms «or Form mo.-

1 ‘ Dams hrs: name zr-d madle lrrllla: 2 's lasl name a m eel-I numb"

I__

1 Fish C - lumpAodress rnumoer sneer arlo aparlrnenl 5 Legal resldernce momerlel lcounry am sure

l NLte—d' *

us

‘5Cl!) Sale and ZIP code 7 Clhznflshlfl

ea \Ammm Ni H‘lSL USA

:2 ll ll the donor area ourlng the year check here > [I sue enter dale ol oeama . . l9'” W

E9 ll you recelyea an exlensloh ol me lo Me lrus Form 109. check here > E and allow me Form 4565. zsae. 2350. or enensm Ion-r

o10 ENE! rhe Iota! numbe' ol separate donees llsled on Schedule A—counl each person only once

. . . . V E]

3 11a Have you «he donol) preyreusly mm a Farm 799 {or 709»A) lar any other year? n the answer ls We: do nol complete IIM no .X

Ta 11!: ll lhe answer la lrne lla IS 'ves.‘ has your address changed srhce you lasl mod Form 709 (or 7094»? . . . . . . . , X

‘g ‘2 (EMS by husband or wrle m lhlro panes—Do you Consem \0 have me gms fincludlng generallonsloporng lranslersl made

I! by you and by your spouse lo lhlld pames dunng lne calendar year eonsldersd as made one-hall by each ol you? (See

‘r .nslruclrons y at me answer ls “Yes." (he lollowlng rnlumallon must he lumrshed and your spouse musl sign the consenl

v- shown below l: m. lnswer rs “No,” skip me; 1345 and ya lo Scheduk A). . . . . . X

E 1: Name ol oonsemlhg spouse “Melts A. l lump 1 14 SSNi\

0- ls Were you mamee lo one anorner durrné the more calendar year? (see mslrucnons) . . . . . . . . x

16 ll the answer le 15 Is ‘No. check rmemer D «um I] dlvorceder El w-dowed AMEN! omelsee mammals)»

l1 wllI a grl'l lax vetum lor lhis calendar year be filed by your spouse’ . . X

la Conunl cl spam—l consenl us have me gllrs lane genemlm-suppmq hanslers) made by me ando; my spouse lo and Dame! omnq lhe calendar year

cons-delea as made one

M3“by eacn or us We are aelh :wam el lhe MRI and several llaDIIIty lovwl ere-led oy mouse-neon or we we

Canseumw spouse's Sig urn >7 Dil- D_

'

l Enler lne amounl lrom Schedule A. Part 3. Ilne 15. . , . _ . . _ .. . . . . .

1 l '1 133111

2 Enler lne amounl lrorn Schedule B llne 3 2 1"" “‘33

3 Tmal laxable gllls (add llnes l and 2) . ..

3 \‘o83{ A l0

6 Tax Cumpmed on amounl on Ilne 31see Taole lor Compullng lax ln sepame lnslmctlonsy4 4 1-1 I i 11

5 Tax computed on amaunl on llne 2 lsee Table (0' Computlng Taxln sepalam rrrslrucnons). 5 WW '1 801

5 Balance lsublracl llne 5 lrom llrle A) . V . V

0 3 ' “1°73

1 Maleum unllled credll lnonreslderll alrens see lnslrucmns) .

7 192.500 00

‘

c a Ehler lne unmed credrl agalnsl la: allowaole for all pnol perms (horn Sch 5. Ilhc 1 col. C) .

' 9

>2 9 Balance lsuerracl llne a lrern llne 7y . .. . .

° ‘ “ 1300

g ID Enler 20% l 2m el lhe amounl allowed as a Speclhc exernpllonlur gms made 3112! Seplemoer A,

a lens. and oelore January l, l977 (see mslrucllorrs) . . V .,

. . . . , r .. .

“3 Q

E :1 Balance lsuonacl lme 1D lrorn me 9) . l .

" 1‘1 X80

3 l2 Lymllea credll lenler the smaller ol Me 6 or lune H) V . . V .

.V

. . . . . . .

‘1 ”130913 Cred-l lor larelgn gm laxes lsee lnslrucllonsl . . . . . . V . . . . . V . . .

‘3 Q

“1‘l4 Yoal credlls (add lrnes l2 am: 1:» . . . . V

, . .. . . . . .

'4 m KQND

F— E: l5 Balance (suelracl lrrle M lrom llne el (do her emer less than zerul V , . . . . . . .

'5 79W 351

if"16 GEHE'ahOnrsleDmg lransler laxes llrorn Schedule c. Pan 3. col H. mm) . . . . . V

1‘ 0

o

5! l1. Tolalzaxlaodlmes l5 and Isl. . . . .. . . . .

‘7 'Hb‘LLT'Sa! la Gm ano gene'allcn-sxlpplng lransler (axes plepalu mm oxlensron ol lrme lo file 1-313? ‘0 M7" \ |

El' ‘ '

o,

El 19 ll llhe le ls less man lrne l7, enler BALANCE nu: lsee .nslrucrlons) V V. . . . . .

‘9 991w ‘

:1 20 ll llre la ls grealer lhan Ilne 17. enler AMOUNT TO ea REFUNDED . . . . an

1; uneer De'ultles d' perm l aeclare :hal I new examhed lhls relurvl lnclmlng any accompanwng schedules and slalemenls. and la me Des! pl my knowledge

:iam oellel ll

'51!cor'ec' aha mmvlele Declare:nan or nleoaler lelher man Dunc!) ls based on all unlarmallen ul wrllch master has my “"0me

E‘ nohor s slgnalure(X) Due >

E P‘epalers slgharure

<tamer (Plan done“ ’ Dale D

Plrvarer s aderess

l , loner man durum >

Far Paperwork Reduexloh Acl Notice. see page 1 ol the Seoul“ insuucfions lor mis loml. Ell Na I6783M Fowl 709 law ”-53;

hnm 1|K—‘3led‘lb e ‘iafi‘o'islam- Ammo? m: ‘ Magma

FWVDSM want A ~_~‘ 7- ’

SCHEDULE A Computation ot YIxabh‘ ems'

-

PM ‘—Gim Sub CI OTI'Y IO Gm Tut GIRS ’85 DOMIGI orgaflllflmfl. medicaL and educaltanal EXCIUSIOflk—See msll'l/CIFGnS

A .l C D 2

“cm - Donne's nuns and ma Donov‘s laws!” Date Vliu‘. ll

number - Heist-onsn-p to donut in any) DISKS at gin DI gm gate at qn' DeSCnDMH a! ama II We wt was made by means at a mist enlev trust's mennvymg

numbev and mach a DODV 0’ [he "st "SYN/I'M!

. it me gin was ol secuntGV give cusp numoer

1

§utetm£ A'rmsuefi 183mm. \‘KK‘O.30“

Pan z—G‘ms nm are Direct Skips . a m Subject In Betti Gm Tu Ind fl-MmfiwSkipping Ynnflov In You mun fill the sin:

in enmnnlogicai onset. Girls lass paiiticsi argsnizaiibn. medical. and educan‘onai exclusions—see instructions. {Also list lists :1th skips

that are sublet)! only to me GST tax at this time as the result at me lamination atan 'esrate tax inclusion peflod.' See instructions.)

A a c n s

llem - Donee s name and miss Donors lflwslad oats Value a!

mum . fielahonshto lo smut (it my] basis cl gm at gm sate at gin. oescnmion a1 am .

. it tne gift was man. by mans m s anSL my trust; mmnumwmaamnswwymmmmsvumit tne gm us a! securmsi gm cusw numbv

Pm (Iv—Taxable Gm Raconclliation

t Total value of gills oi donottauu column E at Pans t and 2|. . . l . . . _ . . . .

1 H < \O 80‘?

2 One-half 0! items , aittitxitatzie to spouse (see mslmcllons) 2 ‘1 2“HM

-: Balance lsubtiact line 2 item line I] 3 UK Ho<|‘

_

l ems el spouse In be lmluued mom Schedule A Part a llne 2 ct spouses mum—m lnslvuclions)A 'i a l'! 8 i7

‘

ll any at tns gifts included on tnts line ate also subtecl \u tne generation-skipping transiei taxi check

have > E! and enler those gins a|sa an Schedule c, Pan 1.

5 Yoxal sins (and lines 3 and 4) , , . . . . .

5 “" rum

5 Total annual nxclusions tot gifts iistao on Schedule A (includlng tine 4 about) (see instructtunsi .

5 “’3 05°

7 Tom included amount cl gifts (subtract line 5 from line 5) . . . . . _ . . . . . . _ .

7 H 13 3 all).

Dlducflufl! (sue instmctiansi

5 cm a! inletests ta spouse tot which a marital deducllan win be ciamea, based

on items ,. at Schedule A V . V . . V

5

9 Exciustons aflnbulable togifts on line a . . . . V . . . . . . .

9

w Mama! deduction—subtract line 9 ham I|ne a. . _ . _ . , V .

‘0

11 Challlable seduction. based on items Ie§ exclusions ,

11 l

12 Total deductions—add lines 10 and H. V V . . . . , , t , , t V

, . ,

‘2

13 Subtract line 121mm line 7 . V,

I3 H 133 111

14 Generation-skinning transiet taxes payabie wnn tnts Form 709 (iiom Schedule c. Pan 3 col H Total) ,

u 0

15 Taxable gms (add tines 13 and 14) Enter here and on line 1 oi the Tax Computation on page 1. . . ts H 133 11

(ll more space IS needed, strscn addimmal shuls atsame size.)

Formmslfiw 1193)

W Computation oi Generation-Skipping Transhr Tu

Note: Inter wvos urrect slaps that are completely excluded by me GST elempllon must slrIl be lully repaned

{mcludlng Value and exempt/ans clarmed) on Schedule c

Pm 1—Generllion-Skipping lenslers

7:924

A B CD E

F

Item ND, VINE SEMI Glfls New 773F331

(imm small»: A. (worn Samul- A lmrer 7: ol col :1 5‘15“” “$5 "“2"“, 15-10!!!“ wasPan 2 col A] sun 2 col 5) (see lnslnlcxons)

°"‘ °° ”V" ° "“5 5'‘tom col m

ll ynu «ch gm willllng and your spouse

was mums la lrle a nonfat. rm me

Is: m. Insmlcuons tor -lerr can youmust emu all m the gms shown on

m swuses

Fm 709

Value mcluoeaNontaxable

9mm 01 nansler

Net lransm

lsumrxl mt E

tram col 0)

Schedule A. Fan 2. at your spouse's Folm

we never

in column 0‘ mar ih: llem number cl aacn

gm rn In. omr 4i amars In column A ol

your spouse‘s Scheme A. Pan 2 We have

pveonnlld the arm 5‘ lo alsllngulsh your

spouse 5 Ilam nurnws horn your own when

you complete column A or Schedule c,

an 3,

ln column 0‘ lor vac» urn. rule! the amount

Ieuofled In column c. Schooule c. Pan 1,01

your Spouse's Form 709

Pan 2—GST Exemminn Recmcil on (Code section 2631) and Section 2652(8)“) Elecfiou

Check box > Cl 1' you are maklng a seclron 2652mm (spectal 011m electlon (see rnstmmrons)

Enter me Item numDels (1mm Schedule A) 0! the guts tor wnrm you are maklng mls elacuun >

I Maxlmum alluwable exemphon1 SI,ODO.DOO

2 Total exemptran used tor perms beIove nlrng lhls return, 2

:l Exempllon available luv «us return (subtract llna 2 from lrne 1] :l

‘ Exempllon clalmed on Ims lelum (lrorn Pan 3. ml C Iolal below] . . . . , . . . I

‘

5 Examptlon allocated to translm not shown on Pan 3 below You musl attach a Nollce Di Allocation (See

lnstvuctloflsl .

5

5 Add lines A and 5 c

7 Exemptlon avaliable lor tqure Iranslers lsubtract llne 5 tram llne 3) 1

Pan :l—Tax Campmtion

A lC D

5

fiF

G N

Item No. N21 \lanslev‘ I I

|nc|u5lm I00I

Aophcable fine Genelailnr-Sklpnmg

llrom Schedul: mom Schedule cl 6511:2730" ”gum“? (sublracl col D M”,';‘;‘:::"" (munrply col E Transrer ta.

5‘ Fin I) van col nY lrorn r 000) uy col, F) (mummy :04 a by col 6»

I,, 55% (‘551

‘

55%:(55)_____, 55%.(55).

fl: ( 55L

55% (.55)

Total exempimn clawed Enter

here and on llne 4 Pan 2‘

above May not exceed llne 3‘

Pan 2‘ above 9399‘ V

Yotli genmfian-sklppmg transfer lax. Emer here, on llne H 0'

Schedule A. Part 3. and on llne Is at the Tax CompulaIrorl on

(ll more space ls needed, attach adult/anal sheets 0! same srze l

.

’

‘1

rpm melee. I153),

meompmation o! Taxable Gifts (conrlnued)

1a Tenninable Interes‘ (OTIP) Mariul Deduolion. (See lnSKfucllons ior lrne 5 ul Schedule A.)

ll a uusl (or olner propenyl meels {he requlremenls ol qualliled lermrnable lnleresl p'ooeny under sultan 252W). and

a. The lrusl lur olher property) ls llsled on Schedule A‘ and

h. The Value ol lhe rrusl lor plher properly) rs enxered ln whole or m parl as a Deduction on Me 5, Fan 3 or Schedule A.

I. page:

then the donor shall be deemed lo have made an elecllon lo have such lnrsr [av other property) neared as qualified lend-name lnleresl properry

under secllcn 2523(0.

ll less lnan rne enrrre value pl rhe rrusr lar olher propenyl rhar lhe donor has included rn Pan l ol Schedule A rs enlered as a deduerron on

line a, me donor shall be consrdered Io have made an elechon only as re a lraouqn el rhe rrusr liar elher pmpeflw. The numerllm or «us rraerron

ls equal ro lhe amount ol rhe rrusl lor prher properly) deducted on line 10 ol Fan 3' The denomrnalor rs equal to lhe total value oi the rural (or

other property] lrsled rn Pan 1 ol Schedule A.

ll you make me ow elecrron lsee rnsrmclrons lor Ime 5 ol Schedule All lhe rennrnahle rnreresr propeny involved will be included m your

spouse's gross esrale upon hrs or her dealh lsecrron 2044). ll your spouse dlsposes (by grlr av elhuwrsel ul all or pan ql rho qulllfylng lrle

income mleresr. he or she wlll be considered lo have made a rransler ol me enrrre plooem/ lhal is sublecl in ma gm lax (see Transidv oi Comm

Lrle Eslales on page 3 ol the rnsrmclronsl

I7 Eleclinn out at of]? Treatmenl oi Annnlfiel

[3 4 Chmk here A you elecl under secrren 2523mm) NOT ro lrear as qualified rennrnaole inreresl property any prnl and sum annuillos rhal

are reporled on Schedule A and wuuld olherwrse be rrealeo as qualmed lennlnable rnleresl properly under secuon 252ml (See inslrucuons.)

Enrer rne llem numbers (lrom ScheduleA: lor the annurlrea lor whrcruau are mums elecrron >

Gifts From Prior Perlods

l1 you answered “Yes“ on line “a or page 1, Pan I, see (he inanucllens tor compleaing Schedule a. It you Inawand-

alrlp re the Y-x

sumpulauon on page 1 (or schedule 0 applicable).c n

C9200; mm3 Amounlollmmad Amounlaflspocmc E

“may affirm Imam-I Revenue officecre'dll agarnsl gal lax axmnhw lar poor MW! of

me pner rerurn wls rm or perms alrar periods end new: mane gas

A

is” “mum” Decembev :l wza 1mm 1mm?

Sausages Armenia;

1 Tolals my DH!” periods (wllhoul adluslmehl lor reduced specific

exempllon). . . . . . l , .V . . .

‘ 0 30300 lemma2 Amoum. 4 any uy which reral soeclllc exempuon, line l, column 0‘ Is more men 330.000 . . . .

1 O

3 1pm amaunr or raxahle gms var pnor perrods laud amour“. column E | e l. and amoum, rl any. on

llno 2) (Enter here and on Irne 2 ol lhe sz compulaupn on page l l . . l . . l l . . . . 3 1“)”ng

(I! mole :‘Dace IS needed, attach additional shefils a! same size)

usmmfiruwfif vs

FRED C, TRUMP

1995, Form 709

Schedule A, Part 1

ITEM DONEE’S NAME/ADDRESS DONOR'S DATE OF VALUE AT

No. RELATION TO DONOR, & ADJUSTED GIFT DATE OF

DESCRIPTION (include copy BASIS GIFT

of trust & TIN)

1. DONALD J, TRUMP, Child,

725 Fifth Avenue

New York, NY 10021

a. See Schedule attached

b. Gift of cash

28,879 11/22/95

10,000 12/15/95

20,779

10,000area 99992. ROBERT S. TRUMP,Child,

167 East Glst Street

New York, NY 10021

a. See Schedule attached

b1 Gift of cash

28,879 11/22/95

10,000 12/15/95

20,779

10,0009999 99993, ELIZABETH TRUMP GRAU,

Child.

200 East 69th Street

New York, NY 10021

a See Schedule attached

13. Gift of cash

28,879 11/22/95

10,000 12/15/95

20,779

10,000was 99994. MARYANNE TRUMP BARRY,

Child,

5 Island Trail

Sparta, NJ 07871

a, See Schedule attached

I). Gift of cash

28,879 11/22/95

10,000 01/03/95

20,779

10,0006999 99m5. THE FRED C. TRUMP RETAINED

ANNUITY TRUST #1, TIN 11—6464112.

2611 West 2nd Street

Brooklyn, NY 11223

See Schedule attached- total value of

gift =$ 14,387,693 allocated as follows:

Donald J . Trump $

Robert S, Trump 3

Elizabeth Trump Grau $

Maryanne Trump Barry 5

Totals § 28,918,152 Q 14 510,809

,190,659 11/22/95 $ 3,596,923

,190,659 11/22/95 $ 3,596,923

,190,659 11/22/95 $ 3,956,923

7

7

7

7190,659 11/22/95 $ 3,956,924

Fred C. TrumpAllocation of Gilt

November 22. 1995

Form 709. Schedule A. Part 1

Line 1a Line 2a Line 3a Line 43 Line 5

Fred C.

Total Total TrumpValue Less: Value Donald J. Robert S. Elizabeth Maryanne Retained

before Discounts after Trump Trump Trump Grau Trump Barry Annuity Trust

Discounts (see below) Discounts 0.05% 0.05% 0.05% 0.05% 49.8%

Common stock of the following:Sussex Hall. lnc. 2.656.602 (1.195.471) 1.461.131 731 731 731 731 727,642

Wexford Hall, Inc. 4.902.608 (2.206.174) 2.696.434 1,348 1.348 1,348 1,348 1.342.825

Trump Village Construction Corp. 6.725.364 (3.026.414) 3.698.950 1,849 1.849 1.849 1,849 1.842.079

Beach Haven Apartments #1. inc. 22.041.114 (9.918.501) 12,122.613 6.061 6.061 6.061 6.061 6.037.062

Shore Haven Apartments #1. Inc. 23.268.707 (10.470.918) 12,797,789 6,399 6.399 6.399 6,399 6.373.299

Limited Liability Company interests ofthe following:Beach Haven Shopping Center. LLC 1.254.727 (564.627) 690.100 345 345 345 345 343,670

Shore Haven Shopping Center, L.L.C. 1,532,138 (689,462) 842,676 421 421 421 421 419.654

Wilshire Hall. L.L.C. 3.216.797 (1.447.559) 1,769,238 885 885 885 885 881.079

Fontainebleau Apartments. L.L.C. 2.890.323 (1.300.645) 1.589.678 795 795 795 795 791,659

Lawrence Towers Apartments. L.L.C. 3.527.869 (1.587.541) 1.940.328 970 970 970 970 966.284

Chelsea Hall. L.L.C. 1,354,618 (609,578) 745,040 373 373 373 373 371.028

Beach Haven Apartments #3, L.L.C. 2.188.684 (984.908) 1,203,776 602 60277777

602 602 ssggafio

75,559,551 (34.001.798) 41,557,553 20,779 20,779 20,779 20,779 20,69547fl

NOTE:

Minority and Marketability Discounts of 45% Applied'

= See attached GHAT computation for taxable amount.

I

A

Calendar year or

calendar quarter

ATTACH MENT TONEORM 709

1949

1950

1953

1955 — 1961

1963

1969 — 1970

4th Qtr.

41h On.

4th Qtr.

4th Qtr.

1st Qir.

4th Qtr.

4th Cir.

4th Qtr.

4th Cir.

1971

1972

1973

1974

1975

1975

1976

1977

1978

FRED C. TRUMPV

55- #—SCHEDULE B — GIFI’S FROM PRIOR PERIODS

B

Internal Revenue office

where prior return was filed

Brooklyn‘ New York

Brooklyn. New York

Brooklyn, New York

Brooklyn, New York

Brooklyn. New York

Andover, Mass.

Andover, Mass.

Holtsville. New York

Holtsville, New York

Holtsville, New York

Hollsviile, New York

Holtsville. New York

Hollsville, New York

Holtsville, New York

Holtsvillev New York

Amounlgf unified Amount 2f specific E

credit against gifl lax exemption for prior Amouni of

for periods after periods ending before iaxable ginsDecember 31, 1976 January 1, 1977

0 30‘000 100.000

0 0 1 ,000

0 0 0

0 0 O

0 0 O

0 0 O

0 0 0

0 O O

0 0 0

O 0 452

0 O 0

0 0 506

0 0 2500.000

0 0 0

O D 0

O 30 000 2 601 988

.‘

Fred c. Trump

canpmanion o1Tmal Value a1 Dale It Gm \November 22, 1995

Tmmp Beach Shore Beach Shore \ Lawrence Beach

Sussex Wextord \nllage Haven Haven Haven Haven \Mlshire Fonhinebleal Tawevs Chedsea Haven

Hall Hall Omsimaion Aps. #1 Ape. #1 Shop. cw. Shop. 011. Hall Apartmelfls Apamims Hall Apis. #3

Inc. Inc. M he. he. LLC L.Lc. L.LC. LLC. L.Lc. LLC.

__1__T_Per Flaicial Slalemetfl aso1: 12/31I95 12/31/95 12/31/95 10 1 5 4/3 5 12/3155 12/31795 12/31/95 1275155 1531/95 12/31/95 1231 '5

Tonal 965$ 2,408,464 3,815,303 17,188.41 1 28,840,296 17,304,551 575,575 270,784 2,078,727 1,494,064 2,509,247 1,566,385 4,713,487Tonal Liabilities 1,954,259 2,180!“ 1 5,705,016 14,494,557 5,522,5777 99,5367 7 £8,637 71,7fi725 1.54.61 1 1,6§,740 1,187,506 71,404,442

Net Wonh 424,175 1,655,692 8,480,395 14,345,439 8,481 ,974 475,979 212147 3H,002 29,453 1,182,507 378,880 3,313,045

Less: Book Value d Real Prwefly (1 .29281 7) (3,370,227) (15,510,958) (24,754,614) (13,644,295) (92059) (119,115) (1,703,770) (1,216,367) (2,179,535) (1.402330; (3,144,026)Disfiibufiofs b FCT 1195 0 0 0 (541,687) 0 0 0 0 0 0 0 0

Deqerred Mortgage Case 0 (12.648) (15,921) (30,390) (1,766) 0 o o 0 (16.000) 0 0

Add: Book Valle d lnveslmens in:

220 Prmped Street Go. 0 0 0 $1,783 0 0 0 0 0 0 T 0

Slanen Qty Associates 0 0 4.142057 1,971,669 3,948,826 0 0 0 0 0 O 0

Appraised Value 01

Real Propeny 3,383.84 6,674.91 4 9,574,803 30,510,288 23,856,393 894,644 1.45.831 4.65.096 3,897,818 4,569.92! 2,396.81 fl 2041.121

220 Pmspea Skeet Co.

@1011 eashnow 165.6307 9 ”770 165.630 L L i 07 of 0

7

o in 77

0

2680.192 4,947,731 6,670,376 21 ,928,1 18 22641 ,132 1,278,534 1,549,973 3,244,328 2,920m4 3,556,895 1,373.35 3 2,276,140

Less: 40/351115 o1 AdjusiedNet Income (Loss) 101 Year (21,590) (45,123) 54,955 0 0 (21,507) (17,535) (27,531) (30,551) (29,026) (15,748) (27,456)

Add: Pro rah: eam'ngs to

Date 01 can 0 o 0 112,996; 627,57; 0 o 0 o 0 a 0

Valuean Dane 016m Believe Discouns 2,656,602 4,902,608 6325,32 2,091,117: 23,265,70L 1,254,727, 1,532,138 3,216,797 7 2550323: 3,,SALES" “3544‘?” 7; 2,155,

\

THE FRED C. TRUMP RETAINED ANNUITY TRUST #1

GRANTOR RETAINED ANNUITY TRUST (GRAT)

Transfer Date ....................................... 11/1995Sec. 7520 Rate ...................................... 7.4%

Type of Calculation ................................. Shorter of Term or Life

Age to Nearest Birthday ............................. 90

Term of Trust ....................................... 2

Principal ........................................... $20,695,761Rate of Annuity ..................................... 20.00000%

Payment Period ...................................... 1

Payments made at Beginning or End of Period ......... End

Annual Growth Rate of Annuity Payments .............. 0.00%

Annual Growth Rate of Principal ..................... 0.00%

Annual Rate of Income from Principal ................ 0.00%

With Reversion? ..................................... Yes

Is Transfer To or For the Benefit of a Member of the Transferor's Family? Yes

Is Interest in Trust Retained by Transferor or Applicable Family Member? Yes

*** Section 2702 IS Applicable ***

Base Term/Life Annuity Factor ....................... 1.5240

Frequency Adjustment Factor ......................... 1.0000

Annual Annuity Payout ............................... $4,139,152.20Initial Amount of Payment Per Period ................ $4,139,152.20Value of Life Annuity Interest ...................... $6,308,067.95Economic Value of Reversion ......................... $5,152,147.27Gift Tax Value of Reversion ......................... $0.00Value of Grantor’s Retained Interest ................ $6,308,067.95

Taxable Gift Value of Residual Interest in Trust .... $14,387,693.05Taxable Gift limited by Rev. Rul. 77—454 ............ $14,387,693 05

Economic Schedule:

Beginning 0.00% 0.00% Annual.

Year Principal Growth Annual Income Payment Remainder

1 $20,695,761 $0 $0 $4,139,152 $16,556,609

2 $16,556,609 $0 $0 $4,139,152 $12,417,457

Summary $20,695,761 $0 $0 $8,278,304 $12,417,457

Vv

Fred C. TrumpSummary of Appraised Values of Properties Contributed

11/22/95

Sussex Hall, Inc. $ 3 383 204

Wexford Hall, Inc,

Lawrence Gardens Property $ 4,464,033Wexford Hall Property 2,210,881

Total $ 6,674 914

Trump Village Construction Corp.Boro Office Property

— KFC $ 586,325

Boro Office Property — McDonalds 2,229,843

Briarwyck Apartments Property 3,324,678Shore Haven Apartments #5 Property 1,945,498

Trump Village Construction — McDonalds 631,631

Trump Village Shopping Center 6,768,625

Trump Village Section #1 Property (3,419,440)Trump Village Section #2 Property (2,492,357)

Total $ 9 574 803

Beach Haven Apartments #1, Inc.

Argyle Hall Property i 1,597,514Beach Haven Apartments #1 PropertyBeach Haven Apartments #2 Property 6,463,551Beach Haven Apartments #4 Property

[76% of Total for Beach Haven]Belcrest Hall Property 851,256

Edgerton Hall Property 3,466,099

Green Park Essex Property 3,506,030

Ziff Property — Bay 43rd & Shore Pkwy 88,844

Green Park Sussex Property 1,856,888

Grymes Hill Apartments Property 4,285,312Kendall Hall Property 4,290,945

Park Towers Property 0

Westminster Hall Property 2,716,990

Winston Hall Property 1,386,859

Total $ 30 510 288

\r

Fred C. Trump‘7

Summary of Appraised Values of Properties Contributed

11/22/95

Shore Haven Apartments #1, Inc.

Nautilus Hall PropertyShore Haven Apartments #1 PropertyShore Haven Apartments #2 PropertyShore Haven Apartments #3 PropertyShore Haven Apartments #6 Property

Southhampton Apartments Property

Total

Beach Haven Shopping Center, LLC

Shore Haven Shopping Center, LLC.

Wilshire Hall, L.L.C.

Fontainebleau Apartments, L.L.C.

Lawrence Towers Apartments, L. L.C.

Chelsea Hall, L.L.C.

Beach Haven Apartments #3, L.L.C.

Beach Haven Apartments #3 Property

[24% of Total Beach Haven]

i 2,992,528

‘14,492,457

2,006,257

4,365,151

$ 23 856 393

$ 894 644

$ 1 436 831

$ 4,626 096

$M

$fl

$w

s; 2 041 121

1 Depa?fhent of the Treasury - Internal Revenue ServiEE/ 1 Date Received by

1 1 Internal Revenue

me890 1 Waiver of Restrictions on Assessment and Collection 1 wwme

lhv.Mt.WBN 1 of Deficiency and Acceptance of Overassessment —— 1

1 Estate, Gift, and Generation—Skipping Transfer Tax 11 (Please see the instructions on the second page of this form) 1

Part 1. Consent to Assessment and Acceptance of Overassessment

I consent to the immediate assessment and collection of any deficiencies (increase in tax and penalties) and accept any

overassessment (decrease in tax and penalties) shown below, plus any interest provided by law. I understand that by my Signingthis waiver, a petition to the United States Tax Court may not be made, unless additional deficiencies are determined

Date of Death or

Period Ending 9512

Item 1 Increase 1 Decrease

Tax 1 1

1 2,286,445 1_¥_‘

Penalty 1 1

i, JTotal 1 1

1 2.2864445 ,

If the estate is required to file with the District Director of Internal Revenue eVidence of payment of estate, inheritance,

legacy, succession or generation-skipping transfer taxes to any State or the District of Columbia, I understand that such

evidence must be filed by , or the creoits for these taxes Hlll not oe.aii0meo. 1 also agree to the assessment

and collection of the increase in estate tax and penalties of based on the disallowed credits

plus interest figured to the 30th day after or until this increase is assessed, whichever is earlier

Estate of

1 1 Date

1 Sign \ iExecutor or 1 Hwe/ 1

Administrator 1 Mom“

.

i

i

l

i 1 Date

1 Sign \

Executor or 1 Hue/ 1

Administrator 1 Mdmu.

i

.

l.

1 Name

Donor 1 Fred C. Trump

1 Address

1 Queens, New York

Donor's 1 i M“

Signature 1 5mn\ i

1 Here / :

Form 890 (Rev. lO-BBHCG)

Pa‘rt 2. Unified Credit AgreementI agree to the increase or decrease in the total allowed Unified Credit by the amount shown beloo.

j increase 1 Decrease

Unified Credit : :I |

i Name

Donor : Fred C. Trump,

: Address

2 Queens, New York

Donor's l : mm

Signature : Swn\ :

1 Here / :Part 3. Gift Tax Marita] Deduction

I agree to the increase or decrease in the usage of the gift tax marital deduction by the amount shown below

: Increase , Decrease

Marital Deduction I il I

: Name

Donor : Fred C. Trump

: Address

1 Queens, New York

Donor's : i N”

Signature : Swn\ i: Here / i

Instructions

Consent to Assessment and Acceptance of Overassessment

If you consent to the assessment of the deficiencies shown in Part 1 of the form, please sign the agreement under

Part 1 and return the form to limit any interest charge and expedite the adjustment to your account. Your consent will not

prevent a claim for refund from being filed (after the tax has been paid) if you later believe it is warranted, not prevent us

from later determining that additional tax is owed, nor extend the time provided by law for either action

If a claim is later filed and the Service disallows it, a suit for refund may be filed in a Federal Dstrict Court or in

the United States Claims Court, but a petition may not be filed with the United States Tax Court

We will consider this waiver a valid claim for refund or credit of any overpayment due resulting from any decrease in tax

and penalties determined by the Internal Revenue Service, shown on the front of this form, provided part 1 of this form is

signed and filed within the period established by law for making such a claim.

Unified Credit Agreement

If you agree with the increase or decrease of the allowed credit shown in Part 2 of this form, please sign the agreementunder Part 2 and return the form.

Marita] Deduction Agreement

If you agree with the increase or decrease in the usage of the gift tax narital deduction by the amount shown in Part 3

of this form, please sign the agreement under Part 3 and return this formt

Signature Instructions

If the executor or administrator is a corporation, the waiver should be signed with the corporate name, followed bythe signatures and titles of the corporate officers authorized to sign, An attorney or agent may sign this waiver provided the

action is specifically authorized by a power of attorney which, if not previously filed. must accompany this form

Form 890 (Rev. 10-88HCG)

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, 14,233,222 11B 043 964

16, 1cta1iaxan1sg T07 arm pemocsI I

,. 2,601,988 . 2,601,988‘

11', Ma taxame 3‘13 mme 1: we 11mg 1:}I I' >

.. 16,835,210

I,20,645,952

., Tax comma: am amuumi m We 7

I I, I 9,241,926 , 11,528,371

1’11. ax computed om amount In 11116 WI I

7‘ .2,, 1,079,854 1,079,854”

LC 1M1 fax uayahw 0m1axahregrrfil’1med19551111519;I I

r1 8,1fi2,072 . 10,448,517

11 named Jenn rram Tamea'

I' i_ 2 71, 192 800

+~192,800

(2, Ummed :redfl agavmst 9111 tax a11uuab1e fur pnar 991717115I

OI

041. Emma 1111: :1 es: Mme M

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, 192,800 , 192,80021, 10,01 amount aflnwed as specm: exemutvnm after 39111, 6, 197:;

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192,800 I 192,800261 ummed Cram: ‘1e‘ser of me 20 arm me n‘ ’

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1 e 'm1 na ansemne [D ssheZE]I mafia 272 I 10,255,717

nemeral‘um-sklunlng hamster taxesI

0I

0

1, eta! :1mezs 115 1112311'fi'

‘ :7‘ ax ‘ a“ ' )

,’ 7,969,272 I 10,255,717'fieWWTfi'H—m—‘i

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I 7,969,27214 cm Tax -1

, e<decr:ase>1i1n2311ess11ne n}

7,I

#2,286,445

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I " "

hrn886-A } EXPLANATION OF ITEMS

(Rev, Anrli 196811CG)MARE a; mum ;

Gift of Fred C. Trump 1,

Returned Corrected

Sch. A1, Gifts of Donor w/out GST

The Fred C. Trump Retained Annuity Trust 14,387,693 18,239,794Robert S. Trump 20,779 26,342

Maryanne Trump Barry 20,779 26,342E1izabeth Trump Grau 20,779 26,342Dona1d J. Trump, 0,05% 20,779 26,342

Tota1 of these items TamuWeRumfl 14,470,809 18,345,162

SubjectToHaview 14,470,809

AndAppva ————————————————

Increase to schedu1e

The va1ue of the donor's interest in various entities hoiding rea1

estate was adjusted to ref1ect a fair market va1ue of the rea1 estate

in the aggregrate of $120,000,000 (see Rea1 Estate Report attached

herein),Donor's interest (See Adjustment works

of Donor's interest which was gifted t

Gifts attributable to SpouseGifts to Spouse

Tota1 of these items

Increase to schedu1e mar’

Gifts of Spouse to be inc1uded

Gifts of Spouse to be inc1uded

Tota1 of these items

Increase to schedu1e

heet attached).0 a GRAT is a1so

Returned

7,255,404

Returned

7,017,817

Appiicab1e discounts were then app1ied when computing the

The computationattached.

Corrected

9,192,581

9,192,5817,255,404

Corrected

8,891,383

8,891,3837,017,817

Department oi the Treasury - Internal Revenue Service Fern 386—11 (Rev, Hams)

My ,