Table A2.  Composite Balance Sheet for the U.S. Cooperative Borrowers
               on December 31, 1996-2000
               (Thousand Dollars)
_____________________________________________________________________________________________________________________________
                                   |                 |                 |                 |                 |
               Item                |      2000       |      1999       |      1998       |      1997       |      1996
___________________________________|_________________|_________________|_________________|_________________|_________________

Assets and Other Debits
   Utility Plant...................       63,937,272        60,709,102        59,853,706        59,174,104        59,953,062
   Construction Work in Progress...        2,415,955         1,975,252         1,867,261         1,596,775         1,441,940
   (Less) Accumulated  Provisions
   for
    Depreciation and Amortization..       23,301,039        21,607,997        20,906,670        20,048,490        19,712,785
    Net Utility Plant..............       43,052,188        41,076,357        40,814,297        40,722,389        41,682,218

   Investment and Fund Accounts....        6,310,245         5,723,811         5,691,137         5,682,380         5,804,724
   Current and Accrued Assets......        7,561,257         7,058,757         6,805,635         6,642,911         7,207,279
   Deferred Debits.................        3,356,048         3,176,336         3,315,970         3,285,585         3,803,818
    Total Assets and Other Debits..       60,279,737        57,035,260        56,627,039        56,333,265        58,498,039

Liabilities and Other Credits
   Memberships.....................          123,529           123,589           134,914           132,859            86,825
   Patronage Capital and Other
   Equities........................       16,491,261        15,853,599        15,967,531        15,510,397        15,609,514
    Total Equity...................       16,614,790        15,977,188        16,102,445        15,643,256        15,696,339

   Long-term Debt..................       33,282,387        32,259,761        32,170,146        32,239,651        33,896,328
   Current and Accrued Liabilities.        5,910,963         4,622,964         4,049,181         3,946,938         3,992,319
   Deferred Credits................        1,803,749         1,549,020         1,605,416         1,639,424         1,720,170
   Operating Reserves..............        2,667,846         2,626,327         2,699,851         2,863,996         3,192,972
    Total Liabilities and Other
   Credits.........................       60,279,737        57,035,260        56,627,039        56,333,265        58,498,039
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   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.