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

                                                      Percent           Per
ALABAMA                                      1994 Distribution       capita

Population (thousands)                      4,219           -             -
Total Revenue                          11,599,362       100.0%     2,749.32
  General revenue                      10,014,415        86.3%     2,373.65
    Intergovernmental revenue           3,077,084        26.5%       729.34
    Taxes                               4,767,108        41.1%     1,129.91
      General sales                     1,279,245        11.0%       303.21
      Selective sales                   1,280,747        11.0%       303.57
      License taxes                       386,771         3.3%        91.67
      Individual income                 1,367,622        11.8%       324.16
      Corporation net income              218,131         1.9%        51.70
      Other taxes                         234,592         2.0%        55.60
    Current charges                     1,526,416        13.2%       361.80
    Miscellaneous general revenue         643,807         5.6%       152.60
  Utility revenue                               0         0.0%         0.00
  Liquor stores revenue                   129,965         1.1%        30.80
  Insurance trust revenue               1,454,982        12.5%       344.86

Total Expenditure                      10,815,221       100.0%     2,563.46
  Intergovernmental expenditure         2,349,153        21.7%       556.80
  Direct expenditure                    8,466,068        78.3%     2,006.65
    Current operation                   6,370,171        58.9%     1,509.88
    Capital outlay                        767,100         7.1%       181.82
    Insurance benefits and repayments     762,811         7.1%       180.80
    Assistance and subsidies              315,344         2.9%        74.74
    Interest on debt                      250,642         2.3%        59.41
Exhibit:  Salaries and wages            2,334,706        21.6%       553.38

Total expenditure                      10,815,221       100.0%     2,563.46
  General expenditure                   9,922,352        91.7%     2,351.83
        Intergovernmental expenditure   2,349,153        21.7%       556.80
        Direct expenditure              7,573,199        70.0%     1,795.02
  General expenditure, by function:
      Education                         3,969,277        36.7%       940.81
      Public welfare                    2,167,799        20.0%       513.82
      Hospitals                           823,194         7.6%       195.12
      Health                              487,044         4.5%       115.44
      Highways                            883,852         8.2%       209.49
      Police protection                    86,839         0.8%        20.58
      Correction                          216,691         2.0%        51.36
      Natural resources                   169,019         1.6%        40.06
      Parks and recreation                 12,053         0.1%         2.86
      Governmental administration         292,209         2.7%        69.26
      Interest on general debt            250,642         2.3%        59.41
      Other and unallocable               563,733         5.2%       133.62
  Utility expenditure                           0         0.0%         0.00
  Liquor stores expenditure               130,058         1.2%        30.83
  Insurance trust expenditure             762,811         7.1%       180.80

Debt at end of fiscal year              3,853,804       100.0%       913.44

Cash and Security Holdings             16,206,051       100.0%     3,841.21