Projections
                                   1995    1996    1997   1998

Real GDP                            2.5     2.1     3.3    2.8
(% change from previous period)

Inflation                           2.8     2.9     2.6    2.5
(Consumer prices-percent)

Unemployment                        8.2     7.5     6.2    6.0
(percent of labor force)

Current Account Balances           -0.5    -0.0    -0.9   -1.2
(percent of GDP)

Fiscal Balance                     -5.6    -4.4    -3.1   -2.1
(percent of nominal GDP)

Short-term interest rates           6.7     5.9     6.1    6.3
(percent)

Long-term interest rates            8.2     7.8     7.4    7.1
(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  Q4 96              0.8             2.5
Leading Indicator       Jan. 97           -0.1             2.4
Consumer Price Index    Jan. 97            0.0             2.8

                                         current     same period
                                         period        last year
Current Balance         Q3 96             -0.18           -2.76
Unemployment Rate       Dec. 96            7.5             8.5
Interest Rate           Feb. 97            6.19            6.16