ASSETS
Current Assets
OPERATING ACCOUNT	151,015.65
UMB BANK	509.13
VOUCHER ACCOUNT	500.00
PETTY CASH	200.00
PETTY CASH-CASH REGISTER	100.00
ACCOUNTS RECEIVABLE	208,796.82
A/R - MISCELLANEOUS	43,300.30
RESERVE - DOUBTFUL ACCTS.	<12,433.92>
CREDIT CARD RECEIVABLE	306.85
DUE FROM LMA: RECOG. REV.	<300.00>
CT: DONATIONS PATRON	<0.03>
EXCHANGE	9,551.01
AP/AR EXCHANGE	687.23
EXCHANGE: PAYROLL LA	418.42
EXCHANGE: PAYROLL JA	856.60
EXCH: FIDE - Rapid Rating	<332.10>
EXCHANGE: MISCELANEOUS	1,903.26
RETURNED CHECKS	5,440.67
RET CREDIT CARD CHARGES	5,447.53
INVENTORY	323,291.04
INVENTORY -  SHOP	9,056.06
ALLOW. FOR OBSOLETE INV.	<33,316.96>
PREPAID-PROPERTY TAXES	3,773.78
PREPAID-INSURANCE	7,870.73
PREPAID-INVENTORY	21,166.42
PREPAID-POSTAGE METERS	21,154.88
DEFERRED REVENUE	<7,150.00>
DFD OPN TRVL 2001 US OPEN	1,000.00
PATENTS	11,828.92
ADVANCED DEPOSITS	5,994.06
INTEREST INCOME RECEIVABL	92.10
GM BENEFITS MM	108,672.19
CRENSHAW ENDOWMENT KEY MM	10,342.88
Total Current Assets		899,743.52
Property and Equipment
FIXED ASSETS: TELEPHONE	66,576.06
FIXED ASSETS: COMPUTER	412,994.81
FIXED ASSETS: EDITORIAL	5,895.00
FIXED ASSETS: FURN &EQUIP	118,861.57
FIXED ASSETS: AUTO	15,680.00
ACCUMULATED DEPRECIATION	<446,656.95>
Total Property and Equipment		173,350.49
Other Assets
Total Other Assets		0.00
Total Assets		1,073,094.01
LIABILITIES AND CAPITAL
Current Liabilities
LEASES PAYABLE	418.40
ACCOUNTS PAYABLE	258,733.77
ACCRUED ACCTS. PAYABLE	9,380.91
ACCTS PYBLE: INTERNET CC	<71.00>
CT: OTHER	4.38
CT: DONATIONS	<28.51>
DUE TO LMA	6,062.57
ACCRUED EXPENSES PAYABLE	3,149.69
ACCR. EXP.-PENSION PLAN	46,829.14
ACCR. EXP.-PROFESS. FEES	16,971.96
ACCR. EXP.-SALARIES PYBLE	43,200.46
ACCR. EXP.-VACATION PYBLE	19,818.07
ACCRUED FOR SASP	1,000.00
FEDERAL WITHHOLDING TAX	<1.00>
FICA PAYABLE	0.14
NYS WITHHOLDING TAX	<90.22>
TAX - ALBANY	8.42
TAX - ALLEGANY	3.23
TAX - BROOME	53.08
TAX-OLEAN,cty (CATTAUGUA)	3.86
TAX - CAYUGA	29.74
TAX - CHAUTAUGUA	35.80
TAX - CHEMUNG	<13.42>
TAX - CHENANGO	<4.29>
TAX - CLINTON	71.33
TAX - COLUMBIA	<0.25>
TAX - CORTLAND	1.13
TAX - DELAWARE	20.90
TAX - DUTCHESS	129.93
TAX - ERIE	135.84
TAX - ESSEX	12.44
TAX - FRANKLIN	20.89
TAX - FULTON	0.41
TAX - GENESEE	<4.54>
TAX - GREENE	28.29
TAX - LEWIS	16.16
TAX - LIVINGSTON	18.16
TAX - MADISON	3.89
TAX-ONEIDA,cty (MADISON)	<18.07>
TAX - MONROE	217.69
TAX - NASSAU	184.18
TAX - NEW YORK CITY	1,940.59
TAX - NIAGARA	262.93
TAX - ONEIDA	23.32
TAX-ROME,cty (ONEIDA)	2.14
TAX-SHERRIL, cty(ONEIDA)	<4.81>
TAX-UTICA, cty(ONEIDA)	13.35
TAX - ONONDAGA	242.10
TAX - ONTARIO	17.24
TAX - ORANGE	2,157.06
TAX - ORLEANS	13.71
TAX-OSWEGO,cty (OSWEGO)	<5.55>
TAX - OTSEGO	8.44
TAX - PUTNAM	<18.54>
TAX - RENSSELAER	44.90
TAX - ROCKLAND	30.64
TAX - ST.LAWRENCE	<1.45>
TAX - SARATOGA	58.33
TAX - SCHENECTADY	21.57
TAX - SCHOHARIE	<7.91>
TAX - STEUBEN	29.65
TAX - SUFFOLK	92.85
TAX - SULLIVAN	13.70
TAX - TOMPKINS	7.09
TAX-ITHACA,cty (TOMPKINS)	11.26
TAX - ULSTER	46.21
TAX - WARREN	3.19
TAX-GLENS FALLS,cty(WRRN)	0.55
TAX - WASHINGTON	29.04
TAX - WAYNE	17.30
TAX - WESTCHESTER	378.22
TAX-MT.VERNON,cty(WSTCHS)	11.91
TAX-WHITE PLAINS,cty(WSTC	43.67
TAX-YONKERS,cty (WSTCHST)	21.31
TAX - WYOMING	<0.91>
TAX - YATES	1.60
DEF. REV. ROYALTIES	10,068.33
DEFERRED SALES	5,477.48
DEF REV - OVERPAYMENTS	20,705.00
DEF. REV. GIFT CERTIFICTS	13,496.25
DEF. REV. TNMT GIFT CERT.	<7,652.06>
DEF. REVENUE CL GIFT CERT	178.33
DEFERRED CORRES. CHESS PRIZES	50,525.00
DFD OPN E FEES	<20,450.98>
DFD WEB TNMT E FEES NCCL	60.00
DFD INC MULTI REGULAR	131,755.80
DFD INC MULTI SR	13,911.31
DFD INC MULTI YOUTH	17,112.73
DFD INC MULTI SCHOLASTIC	21,645.45
DEF REV CORRES. CHESS	100.00
CRENSHAW ENDOWMENT FUND	10,342.88
G.M. BENEFITS FUND	116,855.79
CHESS INFORMANT ACCOUNT	5.00
Total Current Liabilities		795,974.57
Long-Term Liabilities
NOTES PAYABLE	372,868.25
DUE TO LMA - LOAN	295,448.03
Total Long-Term Liabilities		668,316.28
Total Liabilities		1,464,290.85
Capital
FUND BALANCE	<460,397.29>
Net Income	69,200.45
Total Capital		<391,196.84>
Total Liabilities & Capital		1,073,094.01