Portfolio went from $35k to $15k due to 4 members
withdrawing (half the membership). Would it make sense to do
Snapshot for '07's taxes and Time-Based allocation for next
year? Or...should do the recommended time-based for last
year and the next year?

Thanks!
Carol and The Stockettes

Carol, by all means stay with time based, especially if you have new members
coming in to replace the withdrawn ones. There is no valid justification
for 'snapshot', it was only used back in BC, before computers, to keep up
with the allocations more easily. Gene.