PAC Disbursements 1
                      PAC FINANCIAL ACTIVITY: 1986-1996
                        (millions of current dollars)

                        |----------Contributions----------|
         Total    Total                       Open             Other   No. of
 Year Receipts Disburse Incumbnt Challngr    Seats    Total Disburse     PACs
 ---- -------- -------- -------- --------  -------  ------- --------  -------
 1986    353.4    340.0     96.2     19.9     23.8    139.8    200.1     4596
 1988    384.6    364.2    118.2     18.9     22.2    159.2    205.0     4832
 1990    372.1    357.6    125.8     16.2     17.1    159.1    198.5     4677
 1992    385.5    394.8    135.3     22.9     30.7    188.9    205.9     4727
 1994    391.8    388.1    137.2     19.0     33.4    189.6    198.5     4621
 1996    437.4    429.9    146.4     31.6     39.8    217.8    212.1     4528

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                     (millions of constant 1992 dollars)

                        |----------Contributions----------|
         Total    Total                       Open             Other Composite
 Year Receipts Disburse Incumbnt Challngr    Seats    Total Disburse Deflator
 ---- -------- -------- -------- --------  -------  ------- --------  -------
 1986    439.0    422.3    119.5     24.7     29.6    173.7    248.6   0.8050
 1988    450.1    426.2    138.3     22.1     26.0    186.3    239.8   0.8546
 1990    402.0    386.4    135.9     17.5     18.5    171.9    214.5   0.9257
 1992    385.5    394.8    135.3     22.9     30.7    188.9    205.9   1.0000
 1994    373.4    369.9    130.8     18.1     31.8    180.7    189.2   1.0492
 1996    397.9    391.1    133.2     28.8     36.2    198.2    192.9   1.0991
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Source: FEC tables at http://www.fec.gov/press/pacye96.htm (contributions)
        and http://www.fec.gov/finance/paclngye.htm; deflator from Budget
        of the United States Government, FY 1998, Historical Table 10.1

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