LAND.TRUST. EXHIBIT

A dude ranch of long standing history in Teton County - the property, in fact, was one the site of the stage stop of the eastern side of Teton Pass - is now a guest ranch.

The management of this ranch is made up of two superstars in my opinion. One came out from the east for a summer job 20 years ago and never went back home. The other, who at 80 impressive as hell ( as she might put it), has been ranching the place since 1950.

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