People should also be aware that if you purchase more than $11,000 cash value (not face value) in any one year in the name of any one other person, you can have gift tax consequences even if the other person is your child, grandchild, etc. (no gift tax consequences if the other person is your spouse, though).

So let's be careful out there.

Doakes

[This message has been edited by JoeDoakes (edited 05-24-2002).]