It is not possible to list the many people and organizations whose help and assistance over the past years made this book possible. The author apologizes for being unable to devote the many pages of space which would be necessary, but hopes that all who have given their help know that it is deeply appreciated.

I particularly want to thank the staff of the Securities and Exchange Commission, the U. S. Treasury Department, the California Corporation Commissioner's office, the California Real Estate Commissioner's office, the National Association of Securities Dealers, and the National Association of Realtors for material that appears in this edition. The inclusion of this material does not in any way constitute an endorsement or approval of any portion of the text by any of the organizations mentioned.

My sincere thanks also, to my wife, Ardyth, my children, my grand children, my special friends and my associates at Standard Management Company for their support in the work on this revision.

Samuel K. Freshman