Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          04-356-13-48  11-258014                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  44%          69%                             
11-SD-163-1.2/2.4                    Federal Project:                                   
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 03            Payment period ending: 12-20-04                      
MODERN ALLOYS INC                                                                       
11172 WESTERN AVENUE                                                                    
STANTON CA 90680                                                                        
                                                                                        
                                                                                        
Escrow No.  02187                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         429,005.60      344,380.90                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                                                                   
3. Materials on Hand                    129,808.15      129,808.15                      
4. Earned Subject to Retention          558,813.75      474,189.05                      
5. Mobilization                          40,000.00       20,000.00                      
6. Total Work Completed      469,005.60                                                 
7. Deductions                                                                           
8. a.Contract Retentions                -27,940.69      -19,478.22                      
   b. Unsatisfactory Prog.              -23,709.45      -23,709.45                      
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              547,163.61      451,001.38                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow        27,940.00                                                  
12. Net Pymt. this Estimate                             451,001.38