Court of Appeals for the Fifth Circuit December 9, 1958, 17153 (George M. Street, M. D. v. Commissioner of Internal Revenue)

PER CURIAM.

The sole question for decision is whether certain gifts in trust of corporate stock made by the Taxpayer-Settlor in 1952 under six identical trusts for the benefit of six of his grandchildren were gifts of future interests or gifts of present interests for purposes of the annual $3,000 exclusion under Section 1003(b) of the Internal Revenue Code of 1939, 26 U.S.C.A. Int.Rev.