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

                                                      Percent           Per
MISSISSIPPI                                  1993 Distribution       capita

Population (thousands)                      2,592           -             -
Total Revenue                           7,180,220       100.0%     2,770.15
  General revenue                       6,030,790        84.0%     2,326.69
    Intergovernmental revenue           2,296,460        32.0%       885.98
    Taxes                               2,983,438        41.6%     1,151.02
      General sales                     1,414,346        19.7%       545.66
      Selective sales                     552,605         7.7%       213.20
      License taxes                       185,070         2.6%        71.40
      Individual income                   587,589         8.2%       226.69
      Corporation net income              171,049         2.4%        65.99
      Other taxes                          72,779         1.0%        28.08
    Current charges                       537,440         7.5%       207.35
    Miscellaneous general revenue         213,452         3.0%        82.35
  Utility revenue                               0         0.0%         0.00
  Liquor stores revenue                   124,010         1.7%        47.84
  Insurance trust revenue               1,025,420        14.3%       395.61

Total Expenditure                       6,217,303       100.0%     2,398.65
  Intergovernmental expenditure         1,946,210        31.3%       750.85
  Direct expenditure                    4,271,093        68.7%     1,647.80
    Current operation                   3,019,856        48.6%     1,165.07
    Capital outlay                        498,350         8.0%       192.26
    Insurance benefits and repayments     532,433         8.6%       205.41
    Assistance and subsidies              110,321         1.8%        42.56
    Interest on debt                      110,133         1.8%        42.49
Exhibit:  Salaries and wages              980,624        15.8%       378.33

Total expenditure                       6,217,303       100.0%     2,398.65
  General expenditure                   5,585,172        89.8%     2,154.77
        Intergovernmental expenditure   1,946,210        31.3%       750.85
        Direct expenditure              3,638,962        58.5%     1,403.92
  General expenditure, by function:
      Education                         2,041,912        32.8%       787.77
      Public welfare                    1,349,249        21.7%       520.54
      Hospitals                           265,741         4.3%       102.52
      Health                              155,442         2.5%        59.97
      Highways                            570,838         9.2%       220.23
      Police protection                    36,713         0.6%        14.16
      Correction                           91,438         1.5%        35.28
      Natural resources                   212,936         3.4%        82.15
      Parks and recreation                 34,031         0.5%        13.13
      Governmental administration         133,991         2.2%        51.69
      Interest on general debt            110,133         1.8%        42.49
      Other and unallocable               582,749         9.4%       224.83
  Utility expenditure                           0         0.0%         0.00
  Liquor stores expenditure                99,698         1.6%        38.46
  Insurance trust expenditure             532,433         8.6%       205.41

Debt at end of fiscal year              1,659,010       100.0%       640.05

Cash and Security Holdings              9,334,817       100.0%     3,601.40