NOTES TO FINANCIAL STATEMENTS

NOTE A: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE B: 1995 COMPARATIVE TOTALS

NOTE C: ACCOUNTS RECEIVABLE AND STUDENT LOANS

NOTE D: LAND, BUILDINGS AND EQUIPMENT

NOTE E: BONDS AND NOTES PAYABLE

NOTE F: CASH AND CASH EQUIVALENTS

NOTE G: INVESTMENTS

NOTE H: INTERFUND BALANCES

NOTE I: CURRENT UNRESTRICTED FUND BALANCES

NOTE J: COMMITMENTS

NOTE K: RETIREMENT PLANS