Projections
                                   1995    1996    1997   1998

Real GDP                            1.4     3.6     2.2    2.9
(% change from previous period)

Inflation                          -0.1     0.1     1.3    1.2
(Consumer prices-percent)

Unemployment                        3.1     3.3     3.1    3.0
(percent of labor force)

Current Account Balances            2.2     1.4     1.8    2.0
(percent of GDP)

Fiscal Balance                     -3.7    -4.6    -2.9   -2.7
(percent of nominal GDP)

Short-term interest rates           1.2     0.6     0.6    0.9
(percent)

Long-term interest rates            3.4     3.2     3.1    3.4
(percent)

(Sources: International Monetary Fund, April 23, 1997. Interest rate data from the Organization for Economic Cooperation and Development, December 1996)

LATEST FIGURES

                                               % change
                        period              from previous
                                         period           year
Gross Domestic Product  Q3 96              0.1             3.2
Leading Indicator       Jan. 97            0.5             2.5
Consumer Price Index    Jan. 97           -0.1             0.6

                                         current     same period
                                         period        last year
Current Balance         Dec. 96            7.21           10.48
Unemployment Rate       Jan. 97            3.3             3.4
Interest Rate           Jan. 97            0.53            0.56