Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          01-201-11-06  04-128214                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  76%          64%                             
04-CC-680-15.2/R17.3                    Federal Project:                                
                                     ACIM-680-1(46)                                     
                                                                                        
                                                                                        
Progress payment No. 26            Payment period ending: 07-20-01                      
SOUTH SHORES RESIDENTIAL AND                                                            
COMMERCIAL DEVELOPMENT                                                                  
CORPORATION                                                                             
2200 SOUTH FAIRVIEW                                                                     
SANTA ANA, CA  92704                                                                    
Escrow No.  01499                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         761,367.50        5,208.00                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                                                                   
3. Materials on Hand                                                                    
4. Earned Subject to Retention          761,367.50        5,208.00                      
5. Mobilization                          85,000.00            0.00                      
6. Total Work Completed      846,367.50                                                 
7. Deductions                           -26,767.40       -4,450.00                      
8. a.Contract Retentions                -38,068.38         -260.40                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              781,531.72          497.60                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow        37,800.00                                                  
12. Net Pymt. this Estimate                                 497.60