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

                                                      Percent           Per
MONTANA                                      1992 Distribution       capita

Population (thousands)                        808           -             -
Total Revenue                           2,745,480       100.0%     3,397.87
  General revenue                       2,205,009        80.3%     2,728.97
    Intergovernmental revenue             685,573        25.0%       848.48
    Taxes                               1,034,876        37.7%     1,280.79
      General sales                             0         0.0%         0.00
      Selective sales                     202,157         7.4%       250.19
      License taxes                       120,083         4.4%       148.62
      Individual income                   321,538        11.7%       397.94
      Corporation net income               57,683         2.1%        71.39
      Other taxes                         333,415        12.1%       412.64
    Current charges                       172,058         6.3%       212.94
    Miscellaneous general revenue         312,502        11.4%       386.76
  Utility revenue                               0         0.0%         0.00
  Liquor stores revenue                    36,406         1.3%        45.06
  Insurance trust revenue                 504,065        18.4%       623.84

Total Expenditure                       2,459,779       100.0%     3,044.28
  Intergovernmental expenditure           610,522        24.8%       755.60
  Direct expenditure                    1,849,257        75.2%     2,288.68
    Current operation                   1,124,492        45.7%     1,391.70
    Capital outlay                        233,948         9.5%       289.54
    Insurance benefits and repayments     317,671        12.9%       393.16
    Assistance and subsidies               59,340         2.4%        73.44
    Interest on debt                      113,806         4.6%       140.85
Exhibit:  Salaries and wages              427,380        17.4%       528.94

Total expenditure                       2,459,779       100.0%     3,044.28
  General expenditure                   2,108,236        85.7%     2,609.20
        Intergovernmental expenditure     610,522        24.8%       755.60
        Direct expenditure              1,497,714        60.9%     1,853.61
  General expenditure, by function:
      Education                           789,841        32.1%       977.53
      Public welfare                      355,035        14.4%       439.40
      Hospitals                            38,447         1.6%        47.58
      Health                               84,636         3.4%       104.75
      Highways                            283,277        11.5%       350.59
      Police protection                    23,040         0.9%        28.51
      Correction                           37,479         1.5%        46.38
      Natural resources                    94,666         3.8%       117.16
      Parks and recreation                  4,720         0.2%         5.84
      Governmental administration         110,673         4.5%       136.97
      Interest on general debt            113,806         4.6%       140.85
      Other and unallocable               193,818         7.9%       239.87
  Utility expenditure                           0         0.0%         0.00
  Liquor stores expenditure                33,872         1.4%        41.92
  Insurance trust expenditure             317,671        12.9%       393.16

Debt at end of fiscal year              1,867,677       100.0%     2,311.48

Cash and Security Holdings              5,154,170       100.0%     6,378.92