REV-15 TAX INVESTMENT INCOME FROM LIFE INSURANCE PRODUCTS

                                Annual Added Revenues
                                (Billions of dollars)             Cumulative
Addition to          -----------------------------------------    Five-Year
CBO Baseline         1994     1995      1996     1997     1998     Addition
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Tax Inside Buildup  4.0     10.8     11.9     13.1     14.2     54.0

Disallow Corporate
Interest Deductions
from Policy Loans   0.4      0.6      0.7      0.8      0.9      3.6
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SOURCE:  Joint Committee on Taxation.

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