Troubled Times Inc.: 1023

Form 1023	Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code			If exempt status is approved, this application will be open for public inspection.
Read the instructions for each Part carefully. A User Fee must be attached to this application. If the required information and appropriate documents are not submitted along with Form 8718 (with payment of the appropriate user fee), the application may be returned to you. Complete the Procedural Checklist on page 7 of the instructions.
Part 1: Identification of Applicant
1a Full name of organization (as shown in organizing document) Troubled Times, Inc.			2 Employer identification number (EIN) 94-3280008
1b c/o Name (if applicable) 1c Address (number and street), Room/Suite PO Box 72350			3 Name and telephone number of person to be contacted if additional information is needed Nancy Lieder (.415.) 574-5078
1d City or town, state, and ZIP code Faribanks, Alaska 99707			4. Month the annual accounting period ends December
5 Date incorporated or formed July 22, 1997	6 Activity codes 120, 123, 124		7 Check here if applying under section a [ ..] 501(e) b [ ..] 501(f) c [.. ] 501(k)
8 Did the organization previously apply for recognition or exemption under this Code section or under any other section of the Code? If "Yes", attach an explaination.				[.. ] Yes [x] No
9 Is the organization required to file Form 990 (or Form 990-EZ)? If "No" attach an explaination (see page 3 of the Specific Instructions).				[X] Yes [.. ] No [.. ] N/A
10 Has the organization filed Federal income tax returns or exempt organization information returns? If "Yes", state the form numbers, years filed, and Internal Revenue office where filed.				[.. ] Yes [X] No
11 Check the box for the type of organization. ATTACH A CONFORMED COPY OF THE CORRESPONDING ORGANIZING DOCUMENTS TO THE APPLICATION BEFORE MAILING. (See Specific Instructions for Part I, Line 11, on page 3. Get Pub. 557, Tax-Exempt Status for Your Organization, for examples of organizational documents.) a [X] Corporation Attach a copy of the Articles of incorporation (including amendments and restatements) showing approval by the appropriate state official; also include a copy of the bylaws. b [.. ] Trust Attach a copy of the Trust Indenture or Agreement, including all appropriate signatures and dates. c [.. ] Association Attach a copy of the Articles of Association, Constitution, or other creating document, with a declaration (see instructions) or other evidence the organization was formed by adoption of the document by more than one person; also include a copy of the bylaws. If the organization is a corporation or an unincorporated association that has not yet adopted bylaws, check here. [.. ]
I declare under the penalties of perjury that I am authorized to sign this application on behalf of the above organization and that I have examined this application, including the accompanying schedules and attachments, and to the best of my knowledge it is true, correct, and complete.
__Nancy Lieder___ (Signature)		____President_______ (Title or authority of signer)		__01/31/98__ (Date)