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

                                                      Percent           Per
LOUISIANA                                    1993 Distribution       capita

Population (thousands)                      4,252           -             -
Total Revenue                          13,348,275       100.0%     3,139.29
  General revenue                      11,635,787        87.2%     2,736.54
    Intergovernmental revenue           4,329,914        32.4%     1,018.32
    Taxes                               4,365,992        32.7%     1,026.81
      General sales                     1,332,435        10.0%       313.37
      Selective sales                     889,724         6.7%       209.25
      License taxes                       432,650         3.2%       101.75
      Individual income                   929,706         7.0%       218.65
      Corporation net income              245,273         1.8%        57.68
      Other taxes                         536,204         4.0%       126.11
    Current charges                     1,571,866        11.8%       369.68
    Miscellaneous general revenue       1,368,015        10.2%       321.73
  Utility revenue                               0         0.0%         0.00
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue               1,712,488        12.8%       402.75

Total Expenditure                      12,893,236       100.0%     3,032.28
  Intergovernmental expenditure         2,806,110        21.8%       659.95
  Direct expenditure                   10,087,126        78.2%     2,372.33
    Current operation                   7,277,911        56.4%     1,711.64
    Capital outlay                        758,012         5.9%       178.27
    Insurance benefits and repayments   1,167,238         9.1%       274.52
    Assistance and subsidies              255,909         2.0%        60.19
    Interest on debt                      628,056         4.9%       147.71
Exhibit:  Salaries and wages            2,540,180        19.7%       597.41

Total expenditure                      12,893,236       100.0%     3,032.28
  General expenditure                  11,725,998        90.9%     2,757.76
        Intergovernmental expenditure   2,806,110        21.8%       659.95
        Direct expenditure              8,919,888        69.2%     2,097.81
  General expenditure, by function:
      Education                         3,835,792        29.8%       902.11
      Public welfare                    3,095,197        24.0%       727.94
      Hospitals                         1,024,526         7.9%       240.95
      Health                              345,153         2.7%        81.17
      Highways                            828,627         6.4%       194.88
      Police protection                   124,351         1.0%        29.25
      Correction                          299,551         2.3%        70.45
      Natural resources                   253,904         2.0%        59.71
      Parks and recreation                 81,807         0.6%        19.24
      Governmental administration         307,475         2.4%        72.31
      Interest on general debt            628,056         4.9%       147.71
      Other and unallocable               901,559         7.0%       212.03
  Utility expenditure                           0         0.0%         0.00
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure           1,167,238         9.1%       274.52

Debt at end of fiscal year              9,585,046       100.0%     2,254.24

Cash and Security Holdings             19,112,798       100.0%     4,495.01