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

                                                      Percent           Per
ALABAMA                                      1995 Distribution       capita

Population (thousands)                      4,253           -             -
Total Revenue                          12,279,726       100.0%     2,887.31
  General revenue                      10,582,838        86.2%     2,488.32
    Intergovernmental revenue           3,240,417        26.4%       761.91
    Taxes                               5,077,827        41.4%     1,193.94
      General sales                     1,364,911        11.1%       320.93
      Selective sales                   1,280,494        10.4%       301.08
      License taxes                       480,698         3.9%       113.03
      Individual income                 1,482,662        12.1%       348.62
      Corporation net income              236,279         1.9%        55.56
      Other taxes                         232,783         1.9%        54.73
    Current charges                     1,621,125        13.2%       381.17
    Miscellaneous general revenue         643,469         5.2%       151.30
  Utility revenue                               0         0.0%         0.00
  Liquor stores revenue                   129,965         1.1%        30.56
  Insurance trust revenue               1,566,923        12.8%       368.43

Total Expenditure                      11,541,881       100.0%     2,713.82
  Intergovernmental expenditure         2,619,713        22.7%       615.97
  Direct expenditure                    8,922,168        77.3%     2,097.85
    Current operation                   6,703,955        58.1%     1,576.29
    Capital outlay                        808,001         7.0%       189.98
    Insurance benefits and repayments     912,649         7.9%       214.59
    Assistance and subsidies              303,811         2.6%        71.43
    Interest on debt                      193,752         1.7%        45.56
Exhibit:  Salaries and wages            2,441,210        21.2%       574.00

Total expenditure                      11,541,881       100.0%     2,713.82
  General expenditure                  10,489,513        90.9%     2,466.38
        Intergovernmental expenditure   2,619,713        22.7%       615.97
        Direct expenditure              7,869,800        68.2%     1,850.41
  General expenditure, by function:
      Education                         4,400,912        38.1%     1,034.78
      Public welfare                    2,291,264        19.9%       538.74
      Hospitals                           811,433         7.0%       190.79
      Health                              491,648         4.3%       115.60
      Highways                            924,411         8.0%       217.36
      Police protection                    83,482         0.7%        19.63
      Correction                          231,357         2.0%        54.40
      Natural resources                   185,903         1.6%        43.71
      Parks and recreation                 10,645         0.1%         2.50
      Governmental administration         299,201         2.6%        70.35
      Interest on general debt            193,752         1.7%        45.56
      Other and unallocable               565,505         4.9%       132.97
  Utility expenditure                           0         0.0%         0.00
  Liquor stores expenditure               139,719         1.2%        32.85
  Insurance trust expenditure             912,649         7.9%       214.59

Debt at end of fiscal year              3,758,726       100.0%       883.78

Cash and Security Holdings             17,373,025       100.0%     4,084.89