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

                                                      Percent           Per
SOUTH CAROLINA                               1992 Distribution       capita

Population (thousands)                      3,560           -             -
Total Revenue                           9,897,494       100.0%     2,780.19
  General revenue                       7,861,740        79.4%     2,208.35
    Intergovernmental revenue           2,443,841        24.7%       686.47
    Taxes                               3,935,500        39.8%     1,105.48
      General sales                     1,452,014        14.7%       407.87
      Selective sales                     599,816         6.1%       168.49
      License taxes                       279,459         2.8%        78.50
      Individual income                 1,410,893        14.3%       396.32
      Corporation net income              141,895         1.4%        39.86
      Other taxes                          51,423         0.5%        14.44
    Current charges                     1,044,255        10.6%       293.33
    Miscellaneous general revenue         438,144         4.4%       123.07
  Utility revenue                         562,578         5.7%       158.03
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue               1,473,176        14.9%       413.81

Total Expenditure                       9,715,357       100.0%     2,729.03
  Intergovernmental expenditure         2,031,830        20.9%       570.74
  Direct expenditure                    7,683,527        79.1%     2,158.29
    Current operation                   5,348,625        55.1%     1,502.42
    Capital outlay                        886,740         9.1%       249.08
    Insurance benefits and repayments     828,295         8.5%       232.67
    Assistance and subsidies              221,927         2.3%        62.34
    Interest on debt                      397,940         4.1%       111.78
Exhibit:  Salaries and wages            2,107,818        21.7%       592.08

Total expenditure                       9,715,357       100.0%     2,729.03
  General expenditure                   8,250,866        84.9%     2,317.66
        Intergovernmental expenditure   2,031,830        20.9%       570.74
        Direct expenditure              6,219,036        64.0%     1,746.92
  General expenditure, by function:
      Education                         3,070,613        31.6%       862.53
      Public welfare                    1,900,077        19.6%       533.73
      Hospitals                           564,637         5.8%       158.61
      Health                              402,620         4.1%       113.10
      Highways                            530,144         5.5%       148.92
      Police protection                    81,591         0.8%        22.92
      Correction                          297,225         3.1%        83.49
      Natural resources                   133,692         1.4%        37.55
      Parks and recreation                 35,735         0.4%        10.04
      Governmental administration         216,422         2.2%        60.79
      Interest on general debt            241,042         2.5%        67.71
      Other and unallocable               777,068         8.0%       218.28
  Utility expenditure                     636,196         6.5%       178.71
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure             828,295         8.5%       232.67

Debt at end of fiscal year              4,684,627       100.0%     1,315.91

Cash and Security Holdings             16,667,021       100.0%     4,681.75