Table A1.  Composite Statement of Income for the U.S.
               Cooperative Borrowers, 1996-2000
               (Thousand Dollars)
_____________________________________________________________________________________________________________________________
                                   |                 |                 |                 |                 |
                    Item           |      2000       |      1999       |      1998       |      1997       |      1996
                                   |                 |                 |                 |                 |
___________________________________|_________________|_________________|_________________|_________________|_________________

Electric Utility Operating Revenues       25,628,917        23,823,791        23,987,773        23,321,068        24,423,637
Utility Operating Expenses
 Operation and Maintenance Expenses       20,941,575        19,336,309        19,280,046        18,405,027        20,748,250
Depreciation and Amortization......        1,819,616         1,746,681         1,732,056         1,726,982         1,786,955
Taxes..............................          220,416           200,115           211,191           582,587           613,961
   Total Electric Utility Operating
    Expenses.......................       22,981,607        21,283,105        21,223,293        20,714,596        23,149,166

   Utility Operating Income........        2,647,310         2,540,686         2,764,479         2,606,472         2,871,769
Nonoperating Income................          415,734           374,320           289,257           382,518           377,582
Capital Credits and Patronage
 Capital...........................          238,315           221,863           287,240           272,305           300,426
Allowance for Funds Used During
 Construction......................           21,010          R/10,259           R/9,981           R/8,876          R/10,563

   Gross Income....................        3,322,369       R/3,147,128       R/3,350,957       R/3,270,171       R/3,560,340

 Income Deductions from
  Interest on Long-term Debt.......        1,926,053         1,842,812       R/1,900,030       R/1,917,327       R/2,063,339
  Other Income Deductions..........          232,239           191,655           176,621           334,142           170,562
   Total Income Deductions.........        2,158,292         2,034,467       R/2,076,651       R/2,251,469       R/2,233,901

     Net Income and Patronage
   Capital.........................        1,164,076         1,112,665         1,274,306         1,018,702         1,326,440
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       R = Revised data.
   Notes:  Totals may not equal sum of components because of independent rounding.  Data for 2000 represent 633 Distribution
Borrowers and 47 Power Supply Borrowers; data for 1999 represent 649 Distribution Borrowers and 46 Power Supply Borrowers;
data for 1998 represent 686 Distribution Borrowers and 48 Power Supply Borrowers; data for 1997 represent 721 Distribution
Borrowers and 45 Power Supply Borrowers; data for 1996 represent 782 Distribution Borrowers and 50 Power Supply Borrowers.
   Source:  U.S. Department of Agriculture, Rural Utilities Service (prior Rural Electrification Administration), Statistical
Report, Rural Electric Borrowers publications for the years 1996, 1997, 1998, 1999, and 2000.