X3J3/96-150
                                                              Page 1 of 1
Date:    August 16, 1996
To:      X3J3
From:    C. Mallory North, Treasurer
Subject: Meeting 138 Treasurer's Report

     1.  Meeting Attendees:

         Keith H. Bierman                  Richard E. Maine
         Richard Bleikamp                  Loren P. Meissner
         Malcolm Cohen                     C. Mallory North
         Craig T. Dedo                     Lawrence R. Rolison
         David L. Epstein                  Jerrold L. Wagener
         Richard A. Hendrickson            Tony Warnock
         Kurt W. Hirchert                  Stan Whitlock
         Baker Kearfott                    Henry Zongaro

     2.  Meeting Fee Income Received at Meeting 138: $ 0.00

     3.  Meeting Expenses:
                            Equipment Rental:            $   00.00
                            Room Rental:                 $  375.00
                            Refreshments:                $  261.53
                            Reproduction (Kinko's):      $  164.86
                            Expendable Supplies:         $    3.71
                                                          --------
                            Total Meeting 138 Expenses:  $  805.10

     4.  Deposits and Disbursements:

----------------------------------------------------------------------------
Check   Date     Amount   Balance    Transaction            Purpose
----------------------------------------------------------------------------
      05/20/96 +1850.56   5295.08   Balance Forward
      05/30/96    -0.91   5294.17   Bank Service Charge  Bank Service Charge
      06/05/96    +1.07   5295.24   Bank Credit          Ser. Charge Credit
 152  06/11/96  -124.36   5170.88   Kinko's              M137 Reproduction
 153  07/01/96  -258.64   4912.24   VISA payment         M137 Expenses
      07/31/96    +4.95   4917.19   Interest Deposit     Bank Interest
----------------------------------------------------------------------------

     5.  Debts Outstanding: $ 164.86 (Kinko's)
                            $ 640.24 (VISA)
                              ------
                            $ 805.10 (Total)

     6.  Receivables Outstanding: None

     7.  Bank Account Balance as of August 16, 1996:  $ 4917.19

     8.  Note:  At meeting 138 the committee voted to suspend the meeting
                fee for meetings 139 and 140.