Monthly Expenses for Offices in Each State             1

                  Obs    Month    State    Expenses

                   1     JAN95     GA        2000  

                   2     FEB95     GA        1200  

                   3     FEB95     FL        8500  

                   4     FEB95     NY        3000  

                   5     MAR95     NY        6000  

                   6     MAR95     FL        9800  

                   7     MAR95     MA        1500