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

                                                      Percent           Per
ALABAMA                                      1993 Distribution       capita

Population (thousands)                      4,089           -             -
Total Revenue                          11,389,335       100.0%     2,785.36
  General revenue                       9,688,246        85.1%     2,369.34
    Intergovernmental revenue           2,965,310        26.0%       725.19
    Taxes                               4,639,784        40.7%     1,134.70
      General sales                     1,190,189        10.5%       291.07
      Selective sales                   1,324,610        11.6%       323.94
      License taxes                       377,723         3.3%        92.38
      Individual income                 1,332,878        11.7%       325.97
      Corporation net income              189,506         1.7%        46.35
      Other taxes                         224,878         2.0%        55.00
    Current charges                     1,483,164        13.0%       362.72
    Miscellaneous general revenue         599,988         5.3%       146.73
  Utility revenue                               0         0.0%         0.00
  Liquor stores revenue                   130,321         1.1%        31.87
  Insurance trust revenue               1,570,768        13.8%       384.14

Total Expenditure                      10,242,374       100.0%     2,504.86
  Intergovernmental expenditure         2,211,563        21.6%       540.86
  Direct expenditure                    8,030,811        78.4%     1,964.00
    Current operation                   5,913,144        57.7%     1,446.11
    Capital outlay                        781,952         7.6%       191.23
    Insurance benefits and repayments     761,582         7.4%       186.25
    Assistance and subsidies              306,485         3.0%        74.95
    Interest on debt                      267,648         2.6%        65.46
Exhibit:  Salaries and wages            2,220,916        21.7%       543.14

Total expenditure                      10,242,374       100.0%     2,504.86
  General expenditure                   9,339,796        91.2%     2,284.13
        Intergovernmental expenditure   2,211,563        21.6%       540.86
        Direct expenditure              7,128,233        69.6%     1,743.27
  General expenditure, by function:
      Education                         3,663,465        35.8%       895.93
      Public welfare                    2,016,935        19.7%       493.26
      Hospitals                           887,835         8.7%       217.13
      Health                              412,456         4.0%       100.87
      Highways                            856,228         8.4%       209.40
      Police protection                    78,320         0.8%        19.15
      Correction                          182,217         1.8%        44.56
      Natural resources                   156,698         1.5%        38.32
      Parks and recreation                 11,031         0.1%         2.70
      Governmental administration         279,489         2.7%        68.35
      Interest on general debt            267,648         2.6%        65.46
      Other and unallocable               527,474         5.1%       129.00
  Utility expenditure                           0         0.0%         0.00
  Liquor stores expenditure               140,996         1.4%        34.48
  Insurance trust expenditure             761,582         7.4%       186.25

Debt at end of fiscal year              4,170,084       100.0%     1,019.83

Cash and Security Holdings             15,506,309       100.0%     3,792.20