ALASKA TRENDS.

                               ALASKA TRENDS
                                                                      Latest
                                                                      Report
                                           Units          Period      Period
GENERAL
Personal Income -- Alaska                  Millions of $   2nd Q00 18,822.00
Personal Income -- United States    Billions of $ (SAAR)   2nd Q00  8,237.80
Consumer Prices -- Anchorage             1982-1984 = 100      1H00     150.0
Consumer Prices -- United States         1982-1984 = 100      1H00     170.8
Bankruptcies
  Alaska Total                              Number Filed September       124
  Alaska Business Only                      Number Filed September         5
  Anchorage Total                           Number Filed September        76
  Anchorage Business Only                   Number Filed September         2
  Fairbanks Total                           Number Filed September        25
  Fairbanks Business Only                   Number Filed September         2
EMPLOYMENT
Alaska                                         Thousands September   305.934
Anchorage                                      Thousands September   137.018
Fairbanks                                      Thousands September    42.581
Southeast                                      Thousands September    38.885
Gulf Coast                                     Thousands September    31.619
Sectoral Distribution -- Alaska
Total Nonagricultural-Wage & Salary            Thousands September       295
Goods-producing                                Thousands September      42.6
  Mining                                       Thousands September      10.2
  Oil & Gas Extraction                         Thousands September       8.6
  Construction                                 Thousands September        17
  Manufacturing                                Thousands September      15.4
    Durable Goods                              Thousands September       2.9
      Lumber & Wood Products                   Thousands September       1.7
    Nondurable Goods                           Thousands September      12.5
      Seafood Processing                       Thousands September       9.9
Service-producing                              Thousands September     252.4
  Transportation                               Thousands September      28.6
    Trucking & Warehousing                     Thousands September         3
    Water Transportation                       Thousands September       2.3
    Air Transportation                         Thousands September        10
    Communications                             Thousands September       5.2
    Electric, Gas & Sanitary                   Thousands September       2.8
  Trade                                        Thousands September      60.4
    Wholesale                                  Thousands September       9.2
    Retail                                     Thousands September      51.2
      General Merchandise                      Thousands September       9.7
      Food Stores                              Thousands September       6.9
      Eating & Drinking                        Thousands September      18.2
  Finance, Insurance & Real Estate             Thousands September      12.8
  Services & Misc.                             Thousands September        76
    Hotels & Lodging                           Thousands September         9
    Business Services                          Thousands September         9
    Health Services                            Thousands September      16.7
    Legal Services                             Thousands September       1.6
    Social Services                            Thousands September       8.2
    Engineering & Mngmt. Services              Thousands September       8.2
  Government                                   Thousands September      74.6
    Federal                                    Thousands September      17.2
    State                                      Thousands September      22.4
    Local                                      Thousands September        35
Labor Force
  Alaska                                       Thousands September   321.961
  Anchorage                                    Thousands September   142.342
  Fairbanks                                    Thousands September     44.42
  Southeast                                    Thousands September    40.676
  Gulf Coast                                   Thousands September        34
                                     Previous
                                       Report
                                       Period Year Ago   Year Over
                                    (revised)  Period   Year Change
GENERAL
Personal Income -- Alaska           18,402.00 17,608.00       6.89%
Personal Income -- United States     8,090.00  7,722.84       6.67%
Consumer Prices -- Anchorage            148.3     148.6       0.94%
Consumer Prices -- United States        167.8     165.4       3.26%
Bankruptcies
  Alaska Total                            128        91      40.66%
  Alaska Business Only                     12        14     -14.29%
  Anchorage Total                          94        59      59.32%
  Anchorage Business Only                   9        12     -25.00%
  Fairbanks Total                          18        32     -43.75%
  Fairbanks Business Only                   1         2     -50.00%
EMPLOYMENT
Alaska                                 313.55    304.04       3.13%
Anchorage                              137.32    135.30       1.49%
Fairbanks                               43.55     41.78       4.24%
Southeast                               40.52     39.14       3.53%
Gulf Coast                              34.21     32.70       4.62%
Sectoral Distribution -- Alaska
Total Nonagricultural-Wage & Salary     301.9    289.20       4.39%
Goods-producing                          47.9     41.80      14.59%
  Mining                                 10.1      9.00      12.22%
  Oil & Gas Extraction                    8.4      7.40      13.51%
  Construction                           17.8     16.40       8.54%
  Manufacturing                          19.7     16.40      20.12%
    Durable Goods                           3      3.00       0.00%
      Lumber & Wood Products              1.7      1.80      -5.56%
    Nondurable Goods                     16.7     13.40      24.63%
      Seafood Processing                 14.1     10.70      31.78%
Service-producing                       254.3    247.40       2.79%
  Transportation                         29.4     28.30       3.89%
    Trucking & Warehousing                3.2      3.10       3.23%
    Water Transportation                  2.4      2.30       4.35%
    Air Transportation                   10.3      9.70       6.19%
    Communications                        5.2      5.30      -1.89%
    Electric, Gas & Sanitary              2.9      2.60      11.54%
  Trade                                  62.1     60.30       2.99%
    Wholesale                             9.4      9.30       1.08%
    Retail                               52.7     51.00       3.33%
      General Merchandise                 9.8      9.80       0.00%
      Food Stores                         7.1      7.30      -2.74%
      Eating & Drinking                    19     18.00       5.56%
  Finance, Insurance & Real Estate       13.3     12.90       3.10%
  Services & Misc.                       78.3     72.70       7.70%
    Hotels & Lodging                     10.2      8.40      21.43%
    Business Services                     9.4      9.00       4.44%
    Health Services                      16.9     15.40       9.74%
    Legal Services                        1.7      1.60       6.25%
    Social Services                       8.1      7.80       3.85%
    Engineering & Mngmt. Services         8.3      8.10       2.47%
  Government                             71.2     73.20      -2.73%
    Federal                              17.8     17.30       2.89%
    State                                21.2     21.70      -2.30%
    Local                                32.2     34.20      -5.85%
Labor Force
  Alaska                               327.79    318.39       2.95%
  Anchorage                            142.20    140.23       1.40%
  Fairbanks                             45.33     43.50       4.21%
  Southeast                             42.19     40.79       3.42%
  Gulf Coast                            36.00     34.98       2.90%
Unemployment
 Alaska                                                Percent  September
 Anchorage                                             Percent  September
 Fairbanks                                             Percent  September
 Southeast                                             Percent  September
 Gulf Coast                                            Percent  September
 United States                                         Percent  September
PETROLEUM/MINING
Crude Oil Production--Alaska               Millions of Barrels  September
Natural Gas Field Production -- Alaska   Billions of Cubic Ft.  September
North Slope Spot Price (Gulf)                     $ per Barrel 12/01/2000
Hughes Rig Count
  Alaska                                           Active Rigs    October
  United States                                    Active Rigs    October
Gold Prices                                     $ Per Troy Oz. 12/01/2000
Silver Prices                                   $ Per Troy Oz. 12/01/2000
Zinc Prices                                          Per Pound 12/01/2000
REAL ESTATE
Anchorage Building Permit Valuations
  Total                                          Millions of $       July
  Residential                                    Millions of $       July
  Commercial                                     Millions of $       July
Deeds of Trust Recorded
  Anchorage--Recording District                    Total Deeds     August
  Fairbanks--Recording District                    Total Deeds  September
  Palmer--Recording District                       Total Deeds  September
  Juneau--Recording District                       Total Deeds     Augsut
AHFC Delinquent Loan Rate                              Percent     August
VISITOR INDUSTRY
Total Air Passenger Traffic -- Anchorage             Thousands  September
Total Air Passenger Traffic -- Fairbanks             Thousands  September
ALASKA PERMANENT FUND
Equity                                           Millions of $  September
Assets                                           Millions of $  September
Net Income                                       Millions of $  September
Net Income -- Year to Date                       Millions of $  September
Marketable Debt Securities                       Millions of $  September
Real Estate Investments                          Millions of $  September
Preferred and Common Stock                       Millions of $  September
TRANSPORTATION
Total Port Activity -- Anchorage             Thousands of Tons  September
  General Cargo                              Thousands of Tons  September
  Petroleum                                  Thousands of Tons  September
Rail Freight -- Alaska Railroad              Thousands of Tons     August
BANKING (excludes interstate branches)
Total Bank Assets - Alaska                       Millions of $    3rd Q00
  Cash & Balances Due                            Millions of $    3rd Q00
  Securities                                     Millions of $    3rd Q00
  Net Loans and Leases                           Millions of $    3rd Q00
  Other Real Estate Owned                        Millions of $    3rd Q00
Total Liabilities                                Millions of $    3rd Q00
  Total Bank Deposits -- Alaska                  Millions of $    3rd Q00
  Noninterest-bearing deposits                   Millions of $    3rd Q00
  Interest-bearing deposits                      Millions of $    3rd Q00
FOREIGN TRADE
Value of the Dollar
  In Japanese Yen                                          Yen 12/01/2000
  In Canadian Dollars                               Canadian $ 12/01/2000
  In German Marks                                        Marks 11/01/2000
Unemployment
 Alaska                                          5       4.3       4.5
 Anchorage                                     3.7       3.4       3.5
 Fairbanks                                     4.1       3.9       4.0
 Southeast                                     4.4         4       4.0
 Gulf Coast                                    7.9         5       6.5
 United States                                 3.9      4.10       4.2
PETROLEUM/MINING
Crude Oil Production--Alaska                26.766    28.342     28.00
Natural Gas Field Production -- Alaska      14.209    15.076     11.33
North Slope Spot Price (Gulf)                32.35     32.26     23.69
Hughes Rig Count
  Alaska                                        11        10         5
  United States                              1,084     1,015       750
Gold Prices                                 271.06    267.50    292.50
Silver Prices                                4.715      4.82      5.26
Zinc Prices                                 0.5201      0.52      0.57
REAL ESTATE
Anchorage Building Permit Valuations
  Total                                     33.603     39.37     38.79
  Residential                               20.523     20.13     25.47
  Commercial                                13.079     19.24     13.32
Deeds of Trust Recorded
  Anchorage--Recording District                970       830     1,026
  Fairbanks--Recording District                218       251       272
  Palmer--Recording District                   279       307       243
  Juneau--Recording District                   N/A       106        99
AHFC Delinquent Loan Rate                     3.71      3.73      4.04
VISITOR INDUSTRY
Total Air Passenger Traffic -- Anchorage    446.00    643.85    439.19
Total Air Passenger Traffic -- Fairbanks     68.89    105.77     71.66
ALASKA PERMANENT FUND
Equity                                   26,536.90 27,210.90 25,111.60
Assets                                   26,961.50 28,707.00 25,492.50
Net Income                                     151      64.8      85.8
Net Income -- Year to Date                   708.7     910.7  2,545.20
Marketable Debt Securities                9,668.80  9,882.80    9450.7
Real Estate Investments                   2,370.80  2,375.80    2137.8
Preferred and Common Stock               13,776.50 14,988.20 12,914.60
TRANSPORTATION
Total Port Activity -- Anchorage           308.015   265.139    309.43
  General Cargo                            140.815   181.561    154.43
  Petroleum                                  167.2    82.578    155.00
Rail Freight -- Alaska Railroad                744   661.741   914.181
BANKING (excludes interstate branches)
Total Bank Assets - Alaska                6,279.82  5,741.56  5,733.80
  Cash & Balances Due                      295.636     284.6    331.06
  Securities                               104.023   688.969    822.69
  Net Loans and Leases                    3,236.14  3,262.44  3,089.08
  Other Real Estate Owned                    2.229     2.579      3.71
Total Liabilities                         5,035.06  4,980.80  4,962.90
  Total Bank Deposits -- Alaska           4,285.84  4,221.96  4,130.30
  Noninterest-bearing deposits            1,269.46  1,235.45  1,181.39
  Interest-bearing deposits               3,016.38  2,986.51  2,948.91
FOREIGN TRADE
Value of the Dollar
  In Japanese Yen                           110.16    108.36    102.42
  In Canadian Dollars                       1.5355      1.52      1.44
  In German Marks                           2.2962      2.36      1.94
Unemployment
 Alaska                                   -4.44%
 Anchorage                                -2.86%
 Fairbanks                                -2.50%
 Southeast                                 0.00%
 Gulf Coast                              -23.08%
 United States                            -2.38%
PETROLEUM/MINING
Crude Oil Production--Alaska              -8.88%
Natural Gas Field Production -- Alaska    -7.99%
North Slope Spot Price (Gulf)             36.18%
Hughes Rig Count
  Alaska                                 100.00%
  United States                           35.33%
Gold Prices                               -8.55%
Silver Prices                             -8.37%
Zinc Prices                               -8.88%
REAL ESTATE
Anchorage Building Permit Valuations
  Total                                    1.51%
  Residential                            -20.96%
  Commercial                              44.44%
Deeds of Trust Recorded
  Anchorage--Recording District           -5.46%
  Fairbanks--Recording District          -37.89%
  Palmer--Recording District             -25.89%
  Juneau--Recording District
AHFC Delinquent Loan Rate                 -8.17%
VISITOR INDUSTRY
Total Air Passenger Traffic -- Anchorage   1.55%
Total Air Passenger Traffic -- Fairbanks  -3.87%
ALASKA PERMANENT FUND
Equity                                     8.36%
Assets                                   12.61 %
Net Income                               -24.48%
Net Income -- Year to Date               -64.22%
Marketable Debt Securities                 4.57%
Real Estate Investments                   11.13%
Preferred and Common Stock                16.06%
TRANSPORTATION
Total Port Activity -- Anchorage          14.01%
  General Cargo                            1.80%
  Petroleum                               32.12%
Rail Freight -- Alaska Railroad          -18.66%
BANKING (excludes interstate branches)
Total Bank Assets - Alaska                 0.14%
  Cash & Balances Due                    -14.03%
  Securities                             -16.25%
  Net Loans and Leases                     5.61%
  Other Real Estate Owned                -30.50%
Total Liabilities                          0.36%
  Total Bank Deposits -- Alaska            2.22%
  Noninterest-bearing deposits             4.58%
  Interest-bearing deposits                1.28%
FOREIGN TRADE
Value of the Dollar
  In Japanese Yen                          5.80%
  In Canadian Dollars                      5.81%
  In German Marks                         21.56%