TABLE II.F2.--ESTIMATED OPERATIONS OF THE DI TRUST FUND
                 BY ALTERNATIVE, CALENDAR YEARS 1994-2004
                           [Amounts in billions]
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                                           Net       Fund       Trust fund
                             Expen-   increase     at end   -------------------
Calendar year     Income    ditures    in fund    of year   Amount1/    Ratio2/
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1994 3/......      $52.8      $38.9      $14.0      $22.9       $9.0         23
Intermediate:
  1995.......       57.9       42.7       15.2       38.1       22.9         54
  1996.......       62.2       46.4       15.8       54.0       38.1         82
  1997.......       60.5       50.1       10.4       64.4       54.0        108
  1998.......       63.5       54.0        9.5       73.9       64.4        119
  1999.......       66.9       58.5        8.4       82.3       73.9        126

  2000.......       74.2       63.2       11.0       93.3       82.3        130
  2001.......       78.8       68.3       10.5      103.8       93.3        137
  2002.......       83.4       73.8        9.6      113.4      103.8        141
  2003.......       88.2       79.9        8.2      121.6      113.4        142
  2004.......       93.1       86.7        6.4      128.0      121.6        140
Low Cost:
  1995.......       58.4       42.0       16.4       39.3       22.9         55
  1996.......       63.4       44.7       18.7       58.0       39.3         88
  1997.......       62.4       47.4       14.9       72.9       58.0        122
  1998.......       66.4       50.3       16.1       89.1       72.9        145
  1999.......       71.0       53.6       17.4      106.5       89.1        166

  2000.......       79.8       57.0       22.8      129.3      106.5        187
  2001.......       85.5       60.5       25.1      154.4      129.3        214
  2002.......       91.2       64.2       27.0      181.4      154.4        241
  2003.......       97.2       68.4       28.7      210.2      181.4        265
  2004.......      103.4       73.2       30.2      240.4      210.2        287
High Cost:
  1995.......       57.6       43.6       14.1       37.0       22.9         53
  1996.......       60.8       48.5       12.4       49.4       37.0         76
  1997.......       59.1       53.6        5.5       54.8       49.4         92
  1998.......       62.9       60.1        2.8       57.6       54.8         91
  1999.......       65.0       68.0       -3.0       54.6       57.6         85

  2000.......       71.4       75.3       -3.9       50.7       54.6         73
  2001.......       75.5       83.3       -7.8       42.9       50.7         61
  2002.......       79.1       91.8      -12.7       30.1       42.9         47
  2003.......       82.3      100.8      -18.5       11.7       30.1         30
  2004 4/....       85.4      110.5      -25.1      -13.4       11.7         11
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1/ Represents assets at beginning of year.
2/ Represents amounts shown in preceding column as a percentage of expenditures
during the year.  See text concerning interpretation of these ratios.
3/ Figures for 1994 represent actual experience.
4/ Under the high cost alternative, the DI Trust Fund would be depleted in 2004,
when assets would become insufficient to pay benefits on time. Thus, figures
shown under the high cost alternative for 2004 are theoretical. See text for
details.
Note: Totals do not necessarily equal the sums of rounded components.