TABLE II.F10.--OPERATIONS OF THE DI TRUST FUND DURING
      SELECTED CALENDAR YEARS 1960-94 AND ESTIMATED FUTURE OPERATIONS
           DURING CALENDAR YEARS 1995-2004, ON THE BASIS OF THE
                    INTERMEDIATE SET OF ASSUMPTIONS
                             [In millions]
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                                               Income
                 --------------------------------------------------------------
                                                          Payments
                                               Income     from the
                                           from taxa- general fund
  Calendar                   Net contri-      tion of       of the          Net
    year              Total    butions1/     benefits   Treasury2/   interest3/
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Historical data:
  1960........       $1,063       $1,010           --           --          $53
  1965........        1,247        1,188           --           --           59
  1970........        4,774        4,481           --          $16          277
  1975........        8,035        7,444           --           90          502
  1980........       13,871       13,255           --          130          485
  1985........       19,301       17,191         $222        1,017          870

  1986........       19,439       18,399          238           --          803
  1987........       20,303       19,691       4/ -36           --          648
  1988........       22,699       22,039           61           --          600
  1989........       24,795       23,993           95           --          707
  1990........       28,791       28,539          144         -775          883

  1991........       30,390       29,137          190           --        1,063
  1992........       31,430       30,136          232           --        1,062
  1993........       32,301       31,185          281           --          835
  1994........       52,841       51,373          311           --        1,157
Estimates:
  1995........       57,930       55,273          338          -41        2,360
  1996........       62,205       58,347          370           --        3,487
  1997........       60,468       55,606          408           --        4,454
  1998........       63,536       57,918          449           --        5,169
  1999........       66,920       60,640          496           --        5,784

  2000........       74,234       67,247          547           --        6,440
  2001........       78,810       71,048          604           --        7,159
  2002........       83,371       74,908          666           --        7,797
  2003........       88,159       79,086          736           --        8,338
  2004........       93,095       83,548          814           --        8,733
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1/ Beginning in 1983, includes transfers from general fund of Treasury repre-
senting contributions that would have been paid on deemed wage credits for
military service in 1957 and later, if such credits were considered to be
covered wages.
2/ Includes payments (1) in 1966 and later, for costs of noncontributory wage
credits for military service performed before 1957; and (2) in 1971-82, for
costs of deemed wage credits for military service performed after 1956.
3/ Net interest includes net profits or losses on marketable investments.
Beginning in 1967, administrative expenses are charged currently to the trust
fund on an estimated basis, with a final adjustment, including interest, made
in the following fiscal year. The amounts of these interest adjustments are
included in net interest. For years prior to 1967, a description of the method
of accounting for administrative expenses is contained in the 1970 Annual
Report. Beginning in July 1974, the figures shown include relatively small
amounts of gifts to the fund. Net interest for 1983-86 reflects payments from
a borrowing trust fund to a lending trust fund for interest on amounts owed
under the interfund borrowing provisions. During 1983-90, interest paid from
the trust fund to the general fund on advance tax transfers is reflected. The
amount shown for 1985 includes an interest adjustment of $14.8 million on
unnegotiated checks issued before April 1985.
4/ Reflects $195 million in transfers from the DI Trust Fund to the general
fund of the Treasury to correct estimated amounts transferred for calendar
years 1984 and 1985.


           TABLE II.F10.--OPERATIONS OF THE DI TRUST FUND DURING
       SELECTED CALENDAR YEARS 1960-94 AND ESTIMATED FUTURE OPERATIONS
            DURING CALENDAR YEARS 1995-2004, ON THE BASIS OF THE
                  INTERMEDIATE SET OF ASSUMPTIONS (Cont.)
                              [In millions]
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                              Expenditures                       Assets
                ---------------------------------------  ----------------------
                                              Transfers
                                                     to          Net
                                    Adminis-   Railroad     increase     Amount
 Calendar                 Benefit    trative Retirement       during  at end of
   year          Total payments5/   expenses    program         year     period
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Historical data:
  1960.....       $600       $568        $36        -$5         $464     $2,289
  1965.....      1,687      1,573         90         24         -440      1,606
  1970.....      3,259      3,085        164         10        1,514      5,614
  1975.....      8,790      8,505        256         29         -754      7,354
  1980.....     15,872     15,515        368        -12       -2,001      3,629
  1985.....     19,478     18,827        608         43     6/ 2,363      6,321

  1986.....     20,522     19,853        600         68     6/ 1,459      7,780
  1987.....     21,425     20,519        849         57       -1,122      6,658
  1988.....     22,494     21,695        737         61          206      6,864
  1989.....     23,753     22,911        754         88        1,041      7,905
  1990.....     25,616     24,829        707         80        3,174     11,079

  1991.....     28,571     27,695        794         82        1,819     12,898
  1992.....     32,004     31,112        834         58         -574     12,324
  1993.....     35,662     34,613        966         83       -3,361      8,963
  1994.....     38,879     37,744      1,029        106       13,962     22,925
Estimates:
  1995.....     42,713     41,557      1,109         47       15,217     38,142
  1996.....     46,361     45,114      1,223         24       15,844     53,986
  1997.....     50,087     48,806      1,249         32       10,381     64,367
  1998.....     54,021     52,693      1,268         60        9,515     73,882
  1999.....     58,493     57,088      1,329         76        8,427     82,309

  2000.....     63,236     61,745      1,403         87       10,999     93,308
  2001.....     68,300     66,725      1,486         88       10,511    103,819
  2002.....     73,801     72,123      1,577        101        9,570    113,389
  2003.....     79,927     78,137      1,674        116        8,232    121,621
  2004.....     86,701     84,790      1,779        131        6,394    128,015
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5/ Beginning in 1966, includes payments for vocational rehabilitation services
furnished to disabled persons receiving benefits because of their disabilities.
Beginning in 1983, amounts are reduced by amount of reimbursement for unnegoti-
ated benefit checks.
6/ Reflects repayment from the OASI Trust Fund of amounts borrowed from the
DI and HI Trust Funds in 1982. The amount repaid in 1985 was $2,540 million;
in 1986, the amount was $2,541 million.
Note: Totals do not necessarily equal the sums of rounded components.