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

                                                      Percent           Per
MISSOURI                                     1994 Distribution       capita

Population (thousands)                      5,315           -             -
Total Revenue                          13,358,686       100.0%     2,513.39
  General revenue                      11,345,021        84.9%     2,134.53
    Intergovernmental revenue           3,718,513        27.8%       699.63
    Taxes                               5,909,982        44.2%     1,111.94
      General sales                     2,195,890        16.4%       413.15
      Selective sales                     789,837         5.9%       148.61
      License taxes                       460,153         3.4%        86.58
      Individual income                 2,141,522        16.0%       402.92
      Corporation net income              252,392         1.9%        47.49
      Other taxes                          70,188         0.5%        13.21
    Current charges                       937,547         7.0%       176.40
    Miscellaneous general revenue         778,979         5.8%       146.56
  Utility revenue                               0         0.0%         0.00
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue               2,013,665        15.1%       378.86

Total Expenditure                      11,548,995       100.0%     2,172.91
  Intergovernmental expenditure         3,250,024        28.1%       611.48
  Direct expenditure                    8,298,971        71.9%     1,561.42
    Current operation                   5,772,480        50.0%     1,086.07
    Capital outlay                        747,704         6.5%       140.68
    Insurance benefits and repayments     959,139         8.3%       180.46
    Assistance and subsidies              427,402         3.7%        80.41
    Interest on debt                      392,246         3.4%        73.80
Exhibit:  Salaries and wages            1,999,395        17.3%       376.18

Total expenditure                      11,548,995       100.0%     2,172.91
  General expenditure                  10,589,856        91.7%     1,992.45
        Intergovernmental expenditure   3,250,024        28.1%       611.48
        Direct expenditure              7,339,832        63.6%     1,380.97
  General expenditure, by function:
      Education                         3,942,657        34.1%       741.80
      Public welfare                    2,665,909        23.1%       501.58
      Hospitals                           423,349         3.7%        79.65
      Health                              435,920         3.8%        82.02
      Highways                          1,110,567         9.6%       208.95
      Police protection                   116,245         1.0%        21.87
      Correction                          221,697         1.9%        41.71
      Natural resources                   208,465         1.8%        39.22
      Parks and recreation                 23,115         0.2%         4.35
      Governmental administration         329,780         2.9%        62.05
      Interest on general debt            392,246         3.4%        73.80
      Other and unallocable               719,906         6.2%       135.45
  Utility expenditure                           0         0.0%         0.00
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure             959,139         8.3%       180.46

Debt at end of fiscal year              6,511,570       100.0%     1,225.13

Cash and Security Holdings             20,946,819       100.0%     3,941.08