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

                                                      Percent           Per
INDIANA                                      1993 Distribution       capita

Population (thousands)                      5,610           -             -
Total Revenue                          14,673,154       100.0%     2,615.54
  General revenue                      13,485,006        91.9%     2,403.74
    Intergovernmental revenue           3,823,145        26.1%       681.49
    Taxes                               6,915,288        47.1%     1,232.67
      General sales                     2,300,233        15.7%       410.02
      Selective sales                     847,984         5.8%       151.16
      License taxes                       198,129         1.4%        35.32
      Individual income                 2,806,780        19.1%       500.32
      Corporation net income              656,228         4.5%       116.97
      Other taxes                         105,934         0.7%        18.88
    Current charges                     1,798,402        12.3%       320.57
    Miscellaneous general revenue         948,171         6.5%       169.01
  Utility revenue                               0         0.0%         0.00
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue               1,188,148         8.1%       211.79

Total Expenditure                      14,136,343       100.0%     2,519.85
  Intergovernmental expenditure         4,385,769        31.0%       781.78
  Direct expenditure                    9,750,574        69.0%     1,738.07
    Current operation                   7,539,094        53.3%     1,343.87
    Capital outlay                      1,046,810         7.4%       186.60
    Insurance benefits and repayments     656,238         4.6%       116.98
    Assistance and subsidies              175,481         1.2%        31.28
    Interest on debt                      332,951         2.4%        59.35
Exhibit:  Salaries and wages            2,310,515        16.3%       411.86

Total expenditure                      14,136,343       100.0%     2,519.85
  General expenditure                  13,480,105        95.4%     2,402.87
        Intergovernmental expenditure   4,385,769        31.0%       781.78
        Direct expenditure              9,094,336        64.3%     1,621.09
  General expenditure, by function:
      Education                         5,138,552        36.3%       915.96
      Public welfare                    3,390,208        24.0%       604.32
      Hospitals                           506,971         3.6%        90.37
      Health                              334,833         2.4%        59.69
      Highways                          1,369,779         9.7%       244.17
      Police protection                   110,190         0.8%        19.64
      Correction                          321,107         2.3%        57.24
      Natural resources                   142,751         1.0%        25.45
      Parks and recreation                 30,998         0.2%         5.53
      Governmental administration         331,314         2.3%        59.06
      Interest on general debt            332,951         2.4%        59.35
      Other and unallocable             1,470,507        10.4%       262.12
  Utility expenditure                           0         0.0%         0.00
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure             656,238         4.6%       116.98

Debt at end of fiscal year              5,458,015       100.0%       972.91

Cash and Security Holdings             17,526,435       100.0%     3,124.14