         -42-

He worked continuously at Prudential until his retirement in

early 1982.   During the course of his career at Prudential,

Ballard was assigned to several regional offices of Prudential,

including Houston and Dallas, Texas, and, beginning in 1966, in

the corporate headquarters of Prudential at Newark, New Jersey,

and then again, for a short time, at the Houston regional office.

In 1973, he was reassigned to Prudential’s Newark corporate

headquarters, where he remained until his retirement in early

1982.   At the time he left Prudential, Ballard was a senior vice-

president in charge of equities and worked under an individual

named Donald Knab who was in charge of all of Prudential’s real

estate operations.   After leaving Prudential, Ballard became a

general partner with Goldman Sachs, abrokerage and/or an

investment firm in New York City.     Later, he became a limited

partner with Goldman Sachs.

     Essentially, Ballard’s work with Prudential, in its real

estate equity operations, involved the purchase and sale of

existing properties, as well as the development of new

properties.   It included, additionally, the management of such

properties, including the negotiation and sale of properties,

where warranted.   Ballard supervised the staff of this department

at Prudential’s headquarters, as well as the real estate

department staff at Prudential’s regional offices throughout the

United States.
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     In his position