STATE GOVERNMENT FINANCES
(Amounts are in thousands.  Per capita in dollars.)

                                                      Percent           Per
LOUISIANA                                    1992 Distribution       capita

Population (thousands)                      4,252           -             -
Total Revenue                          11,509,334       100.0%     2,706.80
  General revenue                      10,361,962        90.0%     2,436.96
    Intergovernmental revenue           3,695,255        32.1%       869.06
    Taxes                               4,250,245        36.9%       999.59
      General sales                     1,268,695        11.0%       298.38
      Selective sales                     892,957         7.8%       210.01
      License taxes                       412,425         3.6%        97.00
      Individual income                   867,478         7.5%       204.02
      Corporation net income              232,061         2.0%        54.58
      Other taxes                         576,629         5.0%       135.61
    Current charges                     1,093,446         9.5%       257.16
    Miscellaneous general revenue       1,323,016        11.5%       311.15
  Utility revenue                               0         0.0%         0.00
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue               1,147,372        10.0%       269.84

Total Expenditure                      11,749,590       100.0%     2,763.31
  Intergovernmental expenditure         2,634,974        22.4%       619.70
  Direct expenditure                    9,114,616        77.6%     2,143.61
    Current operation                   6,124,989        52.1%     1,440.50
    Capital outlay                        911,795         7.8%       214.44
    Insurance benefits and repayments   1,066,884         9.1%       250.91
    Assistance and subsidies              277,636         2.4%        65.30
    Interest on debt                      733,312         6.2%       172.46
Exhibit:  Salaries and wages            2,438,250        20.8%       573.44

Total expenditure                      11,749,590       100.0%     2,763.31
  General expenditure                  10,682,706        90.9%     2,512.40
        Intergovernmental expenditure   2,634,974        22.4%       619.70
        Direct expenditure              8,047,732        68.5%     1,892.69
  General expenditure, by function:
      Education                         3,687,009        31.4%       867.12
      Public welfare                    2,544,821        21.7%       598.50
      Hospitals                           729,533         6.2%       171.57
      Health                              342,706         2.9%        80.60
      Highways                            879,977         7.5%       206.96
      Police protection                   119,440         1.0%        28.09
      Correction                          275,992         2.3%        64.91
      Natural resources                   237,919         2.0%        55.95
      Parks and recreation                 91,592         0.8%        21.54
      Governmental administration         293,438         2.5%        69.01
      Interest on general debt            733,312         6.2%       172.46
      Other and unallocable               746,967         6.4%       175.67
  Utility expenditure                           0         0.0%         0.00
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure           1,066,884         9.1%       250.91

Debt at end of fiscal year              9,994,058       100.0%     2,350.44

Cash and Security Holdings             16,744,546       100.0%     3,938.04