TABLE II.C1.-STATEMENT OF OPERATIONS OF THE OASI TRUST FUND
                        DURING FISCAL YEAR 1994
                            [In thousands]

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Total assets, September 30, 1993...............                    $355,643,918 
                                                                   ============
Receipts:
  Contributions:
    Employment taxes...........................    $308,837,427 

    Payments from general fund of the Treasury
      representing employee-employer contri-
      butions on deemed wage credits for
      military service.........................         304,210
                                                   ------------
      Gross contributions......................     309,141,637 
    Less payment to the general fund of the
      Treasury for contributions subject to
      refund...................................         744,940
                                                   ------------
      Net contributions........................                     308,396,697 
  Income from taxation of benefit payments:
    Withheld from benefit payments to non-
      resident aliens..........................          79,429 
    All other, not subject to withholding......       5,272,000 
                                                   ------------
      Total income from taxation of benefits...                       5,351,429 
  Reimbursement from general fund of the
    Treasury for costs of payments to uninsured
    persons who attained age 72 before 1968....                          10,078 
  Investment income and interest adjustments:
    Interest on investments....................      28,499,838
    Interest on transfers to the general fund
      account for the Supplemental Security
      Income program due to adjustment in allo-
      cation of administrative expenses........           5,894
                                                   ------------
      Gross investment income and interest
        adjustments............................      28,505,732
    Less interest on interfund transfers due to
      adjustment in allocation of administra-
      tive expenses............................           1,110
                                                   ------------
      Net investment income and interest
        adjustments............................                      28,504,622 
  Gifts........................................                             191 
                                                                   ------------
Total receipts.................................                     342,263,017

Disbursements:
  Benefit payments:
    Gross benefit payments.....................     277,094,415 
    Less collected overpayments................         769,405 
    Less reimbursement from general fund for
      unnegotiated checks......................          46,752
                                                   ------------
      Net benefit payments.....................                     276,278,257 
  Transfer to the Railroad Retirement "Social
    Security Equivalent Benefit Account".......                       3,419,562
  Administrative expenses:
    Department of Health and Human Services....       1,699,640 
    Department of the Treasury.................         175,417 
                                                   ------------
      Gross administrative expenses............       1,875,057 
    Less reimbursements from general fund of
      the Treasury for costs of furnishing
      information on deferred vested pension
      benefits.................................             725
    Less receipts from sales of supplies,
      materials, etc...........................             493
                                                   ------------
      Net administrative expenses..............                       1,873,840 
                                                                   ------------
Total disbursements............................                     281,571,659 
                                                                   ============
Net increase in assets.........................                      60,691,358
                                                                   ============
Total assets, September 30, 1994...............                     416,335,276 
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Note: Totals do not necessarily equal the sums of rounded components.