CONSOLIDATED STATEMENT OF REVENUE                                        
& EXPENSES (unaudited)                                                   
For the fiscal years ended June 30                                       
                                                                         
Revenues                                      1995                 1994  
Institutional Support                     $821,043             $650,391  
Annual Member Dues                         572,126              521,628  
Program Income                             323,874              299,303  
Life Membership Dues                       172,325              160,552  
Constituency Clubs Income                  139,311              103,567  
Alumnae Board Event Income                 108,823              112,747  
Rental Income                               83,156              101,325  
Advertising Income                         104,318               88,445  
Interest & Dividend Income                  77,709               74,771  
Lease Interest Income (Roosevelt         1,314,950              157,383  
II)                                                                      
Miscellaneous Income                       131,126                2,366  
TOTAL                                   $3,848,761           $2,272,478  
                                                                         
Expenses                                                                 
Salaries                                $1,012,243             $929,619  
Columns Magazine                           397,628              357,267  
Membership                                 118,100              121,677  
Constituency Clubs Expenses                288,588              225,602  
Alumnae Board Expenses                     113,172              102,119  
Office and Insurance                        59,084               71,443  
Events                                      31,954               26,435  
Rental Expense                              90,566               81,669  
Unrelated Business Income Tax                2,000             (43,457)  
Board and Staff Travel                      40,161               40,573  
Bad Debt Expense                            16,624               20,170  
Committee                                   15,039                9,134  
Interest Expense (Roosevelt II)          1,314,950              157,383  
Miscellaneous                               77,887              111,584  
TOTAL                                   $3,577,996           $2,211,218  
Excess of revenue over expenses           $270,765              $61,260