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

                                                      Percent           Per
MONTANA                                      1993 Distribution       capita

Population (thousands)                        808           -             -
Total Revenue                           3,022,679       100.0%     3,740.94
  General revenue                       2,407,806        79.7%     2,979.96
    Intergovernmental revenue             769,582        25.5%       952.45
    Taxes                               1,129,966        37.4%     1,398.47
      General sales                             0         0.0%         0.00
      Selective sales                     200,143         6.6%       247.70
      License taxes                       125,738         4.2%       155.62
      Individual income                   356,987        11.8%       441.82
      Corporation net income               85,054         2.8%       105.26
      Other taxes                         362,044        12.0%       448.07
    Current charges                       180,714         6.0%       223.66
    Miscellaneous general revenue         327,544        10.8%       405.38
  Utility revenue                               0         0.0%         0.00
  Liquor stores revenue                    36,966         1.2%        45.75
  Insurance trust revenue                 577,907        19.1%       715.23

Total Expenditure                       2,663,089       100.0%     3,295.90
  Intergovernmental expenditure           659,613        24.8%       816.35
  Direct expenditure                    2,003,476        75.2%     2,479.55
    Current operation                   1,235,667        46.4%     1,529.29
    Capital outlay                        236,771         8.9%       293.03
    Insurance benefits and repayments     346,164        13.0%       428.42
    Assistance and subsidies               65,660         2.5%        81.26
    Interest on debt                      119,214         4.5%       147.54
Exhibit:  Salaries and wages              452,253        17.0%       559.72

Total expenditure                       2,663,089       100.0%     3,295.90
  General expenditure                   2,283,275        85.7%     2,825.84
        Intergovernmental expenditure     659,613        24.8%       816.35
        Direct expenditure              1,623,662        61.0%     2,009.48
  General expenditure, by function:
      Education                           848,597        31.9%     1,050.24
      Public welfare                      425,696        16.0%       526.85
      Hospitals                            35,289         1.3%        43.67
      Health                               96,446         3.6%       119.36
      Highways                            284,546        10.7%       352.16
      Police protection                    24,820         0.9%        30.72
      Correction                           39,912         1.5%        49.40
      Natural resources                    97,319         3.7%       120.44
      Parks and recreation                  4,297         0.2%         5.32
      Governmental administration         118,958         4.5%       147.23
      Interest on general debt            119,214         4.5%       147.54
      Other and unallocable               207,650         7.8%       256.99
  Utility expenditure                           0         0.0%         0.00
  Liquor stores expenditure                33,650         1.3%        41.65
  Insurance trust expenditure             346,164        13.0%       428.42

Debt at end of fiscal year              1,749,316       100.0%     2,165.00

Cash and Security Holdings              5,441,567       100.0%     6,734.61