Littlefield bought the securities for about $610,000 in late2000 when, it says, it spotted an anomaly in the market related tothe pricing of the securities. The dividend rate of return was morethan 11.5% for $70,533 and, with the sale of the securities,realized a $141,358 gain. The company said the total rate of returnwas 34% and will be recorded in the 2001 third quarter.

Littlefield disclosed the gain two days after releasinginformation on its July performance. It reported earning $55,914 inJuly, a turnaround from a loss of $369,992 in July 2000. It saidthe company has usually lost money in the July and August portionsof the third quarter because of the seasonality of the bingobusiness. The company operates charitable bingo halls in the UnitedStates and has real estate and hospitality operations.

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