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Applicable Federal Rates for 1988

Short-Term Rates for 1988

Month	Annual	Semiann.	Quarterly	Monthly
Jan-88	7.56%	7.42%	7.35%	7.31%
Feb-88	7.61%	7.47%	7.40%	7.36%
Mar-88	7.14%	7.02%	6.96%	6.92%
Apr-88	7.01%	6.89%	6.83%	6.79%
May-88	7.22%	7.09%	7.03%	6.99%
Jun-88	7.57%	7.43%	7.36%	7.32%
Jul-88	7.89%	7.74%	7.67%	7.62%
Aug-88	7.96%	7.81%	7.74%	7.69%
Sep-88	8.32%	8.15%	8.07%	8.01%
Oct-88	8.56%	8.38%	8.29%	8.24%
Nov-88	8.41%	8.24%	8.16%	8.10%
Dec-88	8.44%	8.27%	8.19%	8.13%

Mid-Term Rates for 1988

Month	Annual	Semiann.	Quarterly	Monthly
Jan-88	8.81%	8.62%	8.53%	8.47%
Feb-88	8.73%	8.55%	8.46%	8.40%
Mar-88	8.15%	7.99%	7.91%	7.86%
Apr-88	8.02%	7.87%	7.79%	7.74%
May-88	8.34%	8.17%	8.09%	8.03%
Jun-88	8.69%	8.51%	8.42%	8.36%
Jul-88	8.93%	8.74%	8.65%	8.58%
Aug-88	8.85%	8.66%	8.57%	8.51%
Sep-88	9.08%	8.88%	8.78%	8.72%
Oct-88	9.19%	8.99%	8.89%	8.83%
Nov-88	8.91%	8.72%	8.63%	8.57%
Dec-88	8.81%	8.62%	8.53%	8.47%

Long-Term Rates for 1988

Month	Annual	Semiann.	Quarterly	Monthly
Jan-88	9.27%	9.06%	8.96%	8.89%
Feb-88	9.17%	8.97%	8.87%	8.81%
Mar-88	8.63%	8.45%	8.36%	8.30%
Apr-88	8.57%	8.39%	8.30%	8.25%
May-88	8.86%	8.67%	8.58%	8.52%
Jun-88	9.22%	9.02%	8.92%	8.86%
Jul-88	9.34%	9.13%	9.03%	8.96%
Aug-88	9.17%	8.97%	8.87%	8.81%
Sep-88	9.39%	9.18%	9.08%	9.01%
Oct-88	9.45%	9.24%	9.14%	9.07%
Nov-88	9.16%	8.96%	8.86%	8.80%
Dec-88	9.05%	8.85%	8.75%	8.69%

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Daniel B. Evans, Attorney at Law
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Philadelphia, PA 19118
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