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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      1
TIME: 15:44                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    154  Madison
                                154-901  Madisonville CISD

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   PTD Lease Number        Appraised               Market
    or Mineral Type          Value                 Value              Ratio
--------------------------------------------------------------------------------
Oil & Gas Sample Leases:

PSU154  99154002               2,149,274             2,161,387            .9943
PSU154 99154001                1,358,367             1,371,482            .9904
TXG03 007100                     322,682               316,859           1.0183
TXG03 030351                     567,388               553,073           1.0258
TXG03 085577                   1,106,829             1,067,845           1.0365
TXG03 114983                   1,228,767             1,224,145           1.0037
TXG03 120854                     120,993               125,369            .9650
TXG03 132546                     439,397               446,446            .9842
TXG03 146587                     224,253               222,183           1.0093
TXG03 147388                     766,425               678,737           1.1291
TXG03 175705                   1,762,385             1,761,676           1.0004
TXG03 186107                     185,959               174,130           1.0679
TXG03 189848                   1,043,416               966,136           1.0799



                     Total Self-Reported Mineral Value:          24,064,170

                     Divided by ISD Mineral Ratio:                   1.0187**

                     Estimated PTD Mineral Value:                23,622,431


          ** See Stratified Ratio Detail report for more data