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Section VI - Expenses Section VI - H

Subsection H - Exposure Growth Exhibit 1

9/1/2001

EXPENSES



Growth in Worker-Weeks







Composite Policy Years Schedule Z



89/90 to 90/91 -9.0%

90/91 to 91/92 -17.8%

91/92 to 92/93 -14.4%

92/93 to 93/94 1.1%

93/94 to 94/95 3.5%

94/95 to 95/96 3.8%

95/96 to 96/97 5.6%

96/97 to 97/98 -0.8%



Average of Latest 8 annual changes -3.5%

Average of Latest 7 annual changes -2.7%

Average of Latest 6 annual changes -0.2%

Average of Latest 5 annual changes 2.6%

Average of Latest 4 annual changes 3.0%

Average of Latest 3 annual changes 2.8%

Average of Latest 2 annual changes 2.4%









1

Selected for overall exposure growth: 2.7%









Note: Worker-weeks data from Section V - D.



1

The selected number is the average of the last three entries in

the "Average" section above for Schedule Z exposure growth rates.

Schedule Z Estimated

Man-Weeks



(V-G)



87/88 112,392,865

88/89 109,056,882 -3.0%

89/90 101,201,518 -7.2%

90/91 92,134,706 -9.0%

91/92 75,722,497 -17.8%

92/93 64,811,784 -14.4%

93/94 65,535,935 1.1%

94/95 67,814,993 3.5%

95/96 70,367,987 3.8%

96/97 74,288,588 5.6%

97/98 73,666,600 -0.8%



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