Finances Fiscal Year 1997, Year-End Actual (July 1, 1996 to June 30, 1997)

                              $          % of budget

Revenues:

Tuition and fees               37,843,873      64.5%
Governmental Grants             1,131,780       1.9%
Gifts and private grants        2,951,457       5.0%
Endowment income                5,103,972       8.7%
Other Income                    2,166,990       3.7%
Auxiliary enterprises           9,435,369      16.1%
-------------------------     -----------     ------
Total Revenues                $58,633,442      100.0%

Expenditures:

Instruction                    18,506,087      32.0%
Research                          406,248       0.7%
Public Service                    190,902       0.3%
Academic Support                5,781,163      10.0%
Student Services                6,555,906      11.3%
Institutional Support           8,464,241      14.6%
Scholarships/Student Aid        9,377,996      16.2%
---------------------------   -----------     ------
Total Educational & General    49,282,543      85.1%
Auxiliary Enterprises           8,615,287      14.9%
---------------------------   -----------     ------
Total Expenditures            $57,897,830     100.0%

Net Surplus (Deficit)            $735,612

Educational and General Expenditures
     per Full-time Equivalent Student (1996/97)            $29,475

Investment Pool

(market value as of 6/30/96)

Endowment                         $132,274,816
Life Income and Annuity Funds       11,618,209
-----------------------------     ------------
Total Investment Pool             $143,893,025			

Investment Pool Market Value
     per Full-time Equivalent Student (as of 6/30/97)      $86,060

THIS URL: http://www.bates.edu/IR/fin/finances.fy97.html/
rev. 11/11/99 cep