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<PAGE>
File No. 70-8679/70-8675/70-9089
CERTIFICATE OF NOTIFICATION
(Rule 24)
to the
SECURITIES AND EXCHANGE COMMISSION
by
GRANITE STATE ELECTRIC COMPANY (Granite)
MASSACHUSETTS ELECTRIC COMPANY (Mass Electric)
NANTUCKET ELECTRIC COMPANY (NEC)
NARRAGANSETT ENERGY RESOURCES COMPANY (NERC)
THE NARRAGANSETT ELECTRIC COMPANY (Narragansett)
NEW ENGLAND ELECTRIC TRANSMISSION CORPORATION (NEET)
NEW ENGLAND ENERGY INCORPORATED (NEEI)
NEW ENGLAND HYDRO-TRANSMISSION ELECTRIC COMPANY, INC.(Mass Hydro)
NEW ENGLAND HYDRO-TRANSMISSION CORPORATION (NH Hydro)
NEW ENGLAND POWER COMPANY (NEP)
NEW ENGLAND POWER SERVICE COMPANY (NEPSCO)
NEW ENGLAND ELECTRIC SYSTEM (NEES)
It is hereby certified that the transactions detailed below, which were
covered by the Statement on Form U-1 as amended and the Orders of the
Securities and Exchange Commission dated October 25, 1995 (File No. 70-8679),
December 27, 1995 (File No. 70-8675) and October 29, 1997 (File No. 70-9089)
with respect thereto, have been carried out in accordance with the terms and
conditions of and for the purposes represented in said Statements and Orders
of the Commission.
During the quarter ended December 31, 1997, Borrowing Companies made new
money borrowings as indicated in Exhibit A-1 hereto, the proceeds of which
were used to pay then outstanding notes initially issued to banks and/or
dealers in commercial paper and/or borrowings from the Money Pool, to provide
new money for capitalizable expenditures and/or to reimburse the treasury
therefor, and for other corporate purposes relating to ordinary business
operations, including working capital and the financing of construction and
property acquisitions. The maximum concurrent amount of short-term borrowings
outstanding during the quarter and the amount outstanding at the end of the
quarter is shown in Exhibit A-1.
No funds borrowed were paid by a subsidiary company to NEES through
dividends for the purpose of NEES acquiring an interest in an exempt wholesale
generator or in a foreign utility company.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Public Utility Holding Company Act of
1935, each undersigned company has duly caused this Certificate of
Notification, Commission's File Nos.70-8679, 70-8675 and 70-9089 to be signed
on their behalf by the undersigned officers thereunto duly authorized.
NEW ENGLAND ELECTRIC SYSTEM
MASSACHUSETTS ELECTRIC COMPANY
NEW ENGLAND POWER COMPANY
NEW ENGLAND POWER SERVICE COMPANY
s/Michael E. Jesanis
By ______________________________
Michael E. Jesanis
Treasurer
GRANITE STATE ELECTRIC COMPANY
THE NARRAGANSETT ELECTRIC COMPANY
s/John G. Cochrane
By _______________________________
John G. Cochrane
Assistant Treasurer
NANTUCKET ELECTRIC COMPANY
NARRAGANSETT ENERGY RESOURCES COMPANY
NEW ENGLAND ENERGY INCORPORATED
NEW ENGLAND ELECTRIC TRANSMISSION CORPORATION
NEW ENGLAND HYDRO-TRANSMISSION CORPORATION
NEW ENGLAND HYDRO-TRANSMISSION ELECTRIC COMPANY, INC.
s/John G. Cochrane
By _______________________________________
John G. Cochrane
Treasurer
Date: February 13, 1998
The name "New England Electric System" means the trustee or trustees for the
time being (as trustee or trustees but not personally) under an agreement and
declaration of trust dated January 2, 1926, as amended, which is hereby
referred to, and a copy of which as amended has been filed with the Secretary
of the Commonwealth of Massachusetts. Any agreement, obligation or liability
made, entered into or incurred by or on behalf of New England Electric System
binds only its trust estate, and no shareholder, director, trustee, officer or
agent thereof assumes or shall be held to any liability therefor.
<PAGE>
EXHIBIT INDEX
Exhibit No. Description Page
- ----------- ----------- ----
A-1 Borrowing Logs Filed
herewith
<PAGE>
<TABLE>
Exhibit A-1
GRANITE STATE ELECTRIC COMPANY
BORROWING LOG
<CAPTION>
TYPE OF INT. RATE # MATURITY DAILY TOTAL $000'S CUM
DATE INSTRUMENT INSTITUTION TRANSACTION NOM. EFFEC. DAYS DATE INTEREST INTEREST INVESTED AMOUNT
---- ---------- ----------- ----------- ------------ ---- ---- -------- -------- -------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BEGINNING TOTAL @ 10/ 1/97 2450
10/ 1/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/ 2/97 404.05 404.05 2450
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/ 2/97 45.35 45.35 275
------
TOTAL BORROWINGS 2725
MATURITIES ( 2450)
------
DAILY TOTAL 275
2725
10/ 2/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/ 3/97 354.57 354.57 2150
MATURITIES ( 2725)
------
DAILY TOTAL ( 575)
2150
10/ 3/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 3 10/ 6/97 354.57 1063.71 2150
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 3 10/ 6/97 49.48 148.43 300
------
TOTAL BORROWINGS 2450
MATURITIES ( 2150)
------
DAILY TOTAL 300
2450
10/ 6/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/ 7/97 404.05 404.05 2450
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/ 7/97 20.61 20.61 125
------
TOTAL BORROWINGS 2575
MATURITIES ( 2450)
------
DAILY TOTAL 125
2575
10/ 7/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/ 8/97 420.54 420.54 2550
MATURITIES ( 2575)
------
DAILY TOTAL ( 25)
2550
<PAGE>
10/ 8/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/ 9/97 404.05 404.05 2450
MATURITIES ( 2550)
------
DAILY TOTAL ( 100)
2450
10/ 9/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/10/97 362.82 362.82 2200
MATURITIES ( 2450)
------
DAILY TOTAL ( 250)
2200
10/10/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 4 10/14/97 338.08 1352.32 2050
MATURITIES ( 2200)
------
DAILY TOTAL ( 150)
2050
10/14/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/15/97 338.08 338.08 2050
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/15/97 24.74 24.74 150
------
TOTAL BORROWINGS 2200
MATURITIES ( 2050)
------
DAILY TOTAL 150
2200
10/15/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/16/97 276.24 276.24 1675
MATURITIES ( 2200)
------
DAILY TOTAL ( 525)
1675
10/16/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/17/97 284.48 284.48 1725
MATURITIES ( 1675)
------
DAILY TOTAL 50
1725
10/17/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 3 10/20/97 284.48 853.44 1725
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 3 10/20/97 24.74 74.21 150
------
TOTAL BORROWINGS 1875
MATURITIES ( 1725)
------
DAILY TOTAL 150
1875
10/20/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/21/97 309.22 309.22 1875
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/21/97 24.74 24.74 150
------
TOTAL BORROWINGS 2025
MATURITIES ( 1875)
------
DAILY TOTAL 150
2025
<PAGE>
10/21/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/22/97 333.96 333.96 2025
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/22/97 20.61 20.61 125
------
TOTAL BORROWINGS 2150
MATURITIES ( 2025)
------
DAILY TOTAL 125
2150
10/22/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/23/97 354.57 354.57 2150
MATURITIES ( 2150)
------
DAILY TOTAL 0
2150
10/23/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/24/97 329.83 329.83 2000
MATURITIES ( 2150)
------
DAILY TOTAL ( 150)
2000
10/24/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 3 10/27/97 329.83 989.50 2000
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 3 10/27/97 32.98 98.95 200
------
TOTAL BORROWINGS 2200
MATURITIES ( 2000)
------
DAILY TOTAL 200
2200
10/27/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/28/97 362.82 362.82 2200
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/28/97 16.49 16.49 100
------
TOTAL BORROWINGS 2300
MATURITIES ( 2200)
------
DAILY TOTAL 100
2300
10/28/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/29/97 375.19 375.19 2275
MATURITIES ( 2300)
------
DAILY TOTAL ( 25)
2275
10/29/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/30/97 375.19 375.19 2275
MATURITIES ( 2275)
------
DAILY TOTAL 0
2275
10/30/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/31/97 354.57 354.57 2150
MATURITIES ( 2275)
------
DAILY TOTAL ( 125)
2150
<PAGE>
10/31/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 11/ 1/97 362.82 362.82 2200
MATURITIES ( 2150)
------
DAILY TOTAL 50
2200
11/ 1/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 2 11/ 3/97 366.42 732.84 2200
MATURITIES ( 2200)
------
DAILY TOTAL 0
2200
11/ 3/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 1 11/ 4/97 366.42 366.42 2200
MONEYPOOL MONEYPOOL NEW MONEY 5.996% 5.996% 1 11/ 4/97 124.92 124.92 750
------
TOTAL BORROWINGS 2950
MATURITIES ( 2200)
------
DAILY TOTAL 750
2950
11/ 4/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 1 11/ 5/97 474.68 474.68 2850
MATURITIES ( 2950)
------
DAILY TOTAL ( 100)
2850
11/ 5/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 1 11/ 6/97 466.36 466.36 2800
MATURITIES ( 2850)
------
DAILY TOTAL ( 50)
2800
11/ 6/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 1 11/ 7/97 433.04 433.04 2600
MATURITIES ( 2800)
------
DAILY TOTAL ( 200)
2600
11/ 7/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 3 11/10/97 433.04 1299.13 2600
MONEYPOOL MONEYPOOL NEW MONEY 5.996% 5.996% 3 11/10/97 20.82 62.46 125
------
TOTAL BORROWINGS 2725
MATURITIES ( 2600)
------
DAILY TOTAL 125
2725
11/10/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 2 11/12/97 453.86 907.73 2725
MONEYPOOL MONEYPOOL NEW MONEY 5.996% 5.996% 2 11/12/97 12.49 24.98 75
------
TOTAL BORROWINGS 2800
MATURITIES ( 2725)
------
DAILY TOTAL 75
2800
<PAGE>
11/12/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 1 11/13/97 462.19 462.19 2775
MATURITIES ( 2800)
------
DAILY TOTAL ( 25)
2775
11/13/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 1 11/14/97 437.21 437.21 2625
MATURITIES ( 2775)
------
DAILY TOTAL ( 150)
2625
11/14/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 3 11/17/97 437.21 1311.63 2625
MONEYPOOL MONEYPOOL NEW MONEY 5.996% 5.996% 3 11/17/97 20.82 62.46 125
------
TOTAL BORROWINGS 2750
MATURITIES ( 2625)
------
DAILY TOTAL 125
2750
11/17/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 1 11/18/97 458.03 458.03 2750
MONEYPOOL MONEYPOOL NEW MONEY 5.996% 5.996% 1 11/18/97 37.48 37.48 225
------
TOTAL BORROWINGS 2975
MATURITIES ( 2750)
------
DAILY TOTAL 225
2975
11/18/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 1 11/19/97 495.50 495.50 2975
MATURITIES ( 2975)
------
DAILY TOTAL 0
2975
11/19/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 1 11/20/97 495.50 495.50 2975
MONEYPOOL MONEYPOOL NEW MONEY 5.996% 5.996% 1 11/20/97 12.49 12.49 75
------
TOTAL BORROWINGS 3050
MATURITIES ( 2975)
------
DAILY TOTAL 75
3050
11/20/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 1 11/21/97 495.50 495.50 2975
MATURITIES ( 3050)
------
DAILY TOTAL ( 75)
2975
<PAGE>
11/21/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 3 11/24/97 495.50 1486.51 2975
MONEYPOOL MONEYPOOL NEW MONEY 5.996% 5.996% 3 11/24/97 29.15 87.44 175
------
TOTAL BORROWINGS 3150
MATURITIES ( 2975)
------
DAILY TOTAL 175
3150
11/24/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 1 11/25/97 524.65 524.65 3150
MONEYPOOL MONEYPOOL NEW MONEY 5.996% 5.996% 1 11/25/97 8.33 8.33 50
------
TOTAL BORROWINGS 3200
MATURITIES ( 3150)
------
DAILY TOTAL 50
3200
11/25/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 1 11/26/97 470.52 470.52 2825
MATURITIES ( 3200)
------
DAILY TOTAL ( 375)
2825
11/26/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 2 11/28/97 458.03 916.06 2750
MATURITIES ( 2825)
------
DAILY TOTAL ( 75)
2750
11/28/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 3 12/ 1/97 349.77 1049.30 2100
MATURITIES ( 2750)
------
DAILY TOTAL ( 650)
2100
12/ 1/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/ 2/97 367.85 367.85 2100
MONEYPOOL MONEYPOOL NEW MONEY 6.306% 6.306% 1 12/ 2/97 70.07 70.07 400
------
TOTAL BORROWINGS 2500
MATURITIES ( 2100)
------
DAILY TOTAL 400
2500
12/ 2/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/ 3/97 402.88 402.88 2300
MATURITIES ( 2500)
------
DAILY TOTAL ( 200)
2300
12/ 3/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/ 4/97 345.95 345.95 1975
MATURITIES ( 2300)
------
DAILY TOTAL ( 325)
1975
<PAGE>
12/ 4/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/ 5/97 324.06 324.06 1850
MATURITIES ( 1975)
------
DAILY TOTAL ( 125)
1850
12/ 5/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 3 12/ 8/97 280.27 840.80 1600
MATURITIES ( 1850)
------
DAILY TOTAL ( 250)
1600
12/ 8/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/ 9/97 280.27 280.27 1600
MONEYPOOL MONEYPOOL NEW MONEY 6.306% 6.306% 1 12/ 9/97 17.52 17.52 100
------
TOTAL BORROWINGS 1700
MATURITIES ( 1600)
------
DAILY TOTAL 100
1700
12/ 9/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/10/97 297.78 297.78 1700
MATURITIES ( 1700)
------
DAILY TOTAL 0
1700
12/10/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/11/97 297.78 297.78 1700
MONEYPOOL MONEYPOOL NEW MONEY 6.306% 6.306% 1 12/11/97 13.14 13.14 75
------
TOTAL BORROWINGS 1775
MATURITIES ( 1700)
------
DAILY TOTAL 75
1775
12/11/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/12/97 310.92 310.92 1775
MONEYPOOL MONEYPOOL NEW MONEY 6.306% 6.306% 1 12/12/97 30.65 30.65 175
------
TOTAL BORROWINGS 1950
MATURITIES ( 1775)
------
DAILY TOTAL 175
1950
12/12/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 3 12/15/97 341.58 1024.73 1950
MONEYPOOL MONEYPOOL NEW MONEY 6.306% 6.306% 3 12/15/97 39.41 118.24 225
------
TOTAL BORROWINGS 2175
MATURITIES ( 1950)
------
DAILY TOTAL 225
2175
<PAGE>
12/15/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/16/97 380.99 380.99 2175
MONEYPOOL MONEYPOOL NEW MONEY 6.306% 6.306% 1 12/16/97 140.13 140.13 800
------
TOTAL BORROWINGS 2975
MATURITIES ( 2175)
------
DAILY TOTAL 800
2975
12/16/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/17/97 521.12 521.12 2975
MONEYPOOL MONEYPOOL NEW MONEY 6.306% 6.306% 1 12/17/97 39.41 39.41 225
------
TOTAL BORROWINGS 3200
MATURITIES ( 2975)
------
DAILY TOTAL 225
3200
12/17/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/18/97 560.53 560.53 3200
MONEYPOOL MONEYPOOL NEW MONEY 6.306% 6.306% 1 12/18/97 26.28 26.28 150
------
TOTAL BORROWINGS 3350
MATURITIES ( 3200)
------
DAILY TOTAL 150
3350
12/18/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/19/97 586.81 586.81 3350
MONEYPOOL MONEYPOOL NEW MONEY 6.306% 6.306% 1 12/19/97 35.03 35.03 200
------
TOTAL BORROWINGS 3550
MATURITIES ( 3350)
------
DAILY TOTAL 200
3550
12/19/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 3 12/22/97 621.84 1865.53 3550
MONEYPOOL MONEYPOOL NEW MONEY 6.306% 6.306% 3 12/22/97 39.41 118.24 225
------
TOTAL BORROWINGS 3775
MATURITIES ( 3550)
------
DAILY TOTAL 225
3775
12/22/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/23/97 661.25 661.25 3775
MONEYPOOL MONEYPOOL NEW MONEY 6.306% 6.306% 1 12/23/97 70.07 70.07 400
------
TOTAL BORROWINGS 4175
MATURITIES ( 3775)
------
DAILY TOTAL 400
4175
<PAGE>
12/23/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/24/97 705.05 705.05 4025
MATURITIES ( 4175)
------
DAILY TOTAL ( 150)
4025
12/24/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 2 12/26/97 696.29 1392.58 3975
MATURITIES ( 4025)
------
DAILY TOTAL ( 50)
3975
12/26/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 3 12/29/97 696.29 2088.86 3975
MONEYPOOL MONEYPOOL NEW MONEY 6.306% 6.306% 3 12/29/97 26.28 78.82 150
------
TOTAL BORROWINGS 4125
MATURITIES ( 3975)
------
DAILY TOTAL 150
4125
12/29/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/30/97 722.56 722.56 4125
MONEYPOOL MONEYPOOL NEW MONEY 6.306% 6.306% 1 12/30/97 21.90 21.90 125
------
TOTAL BORROWINGS 4250
MATURITIES ( 4125)
------
DAILY TOTAL 125
4250
12/30/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/31/97 634.98 634.98 3625
MATURITIES ( 4250)
------
DAILY TOTAL ( 625)
3625
12/31/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 1/ 1/98 634.98 634.98 3625
MONEYPOOL MONEYPOOL NEW MONEY 6.306% 6.306% 1 1/ 1/98 78.82 78.82 450
------
TOTAL BORROWINGS 4075
MATURITIES ( 3625)
------
DAILY TOTAL 450
4075
TEMPORARY BORROWING STATISTICS
------------------------------
10/ 1/97 TO 12/31/97
--------------------
BORROWINGS AT 12/31/97 $ 4075000
</TABLE>
<PAGE>
<TABLE>
MASSACHUSETTS ELECTRIC COMPANY
BORROWING LOG
<CAPTION>
TYPE OF INT. RATE # MATURITY DAILY TOTAL $000'S CUM
DATE INSTRUMENT INSTITUTION TRANSACTION NOM. EFFEC. DAYS DATE INTEREST INTEREST INVESTED AMOUNT
---- ---------- ----------- ----------- ------------ ---- ---- -------- -------- -------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BEGINNING TOTAL @ 10/ 1/97 21275
10/ 1/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.626% 5.626% 1 10/ 2/97 738.41 738.41 4725
MONEYPOOL MONEYPOOL NEW MONEY 5.626% 5.626% 1 10/ 2/97 289.11 289.11 1850
COMM PAP 1 ST BOST NEW MONEY 5.590% 5.594% 5 10/ 6/97 263.97 1319.86 1700
------
TOTAL BORROWINGS 8275
MATURITIES ( 4725)
------
DAILY TOTAL 3550
24825
10/ 2/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.626% 5.626% 1 10/ 3/97 1011.90 1011.90 6475
COMM PAP MER LYNCH ROLLOVER 5.650% 5.651% 1 10/ 3/97 510.07 510.07 3250
COMM PAP MER LYNCH NEW MONEY 5.650% 5.651% 1 10/ 3/97 211.88 211.88 1350
------
TOTAL BORROWINGS 11075
MATURITIES ( 9825)
------
DAILY TOTAL 1250
26075
10/ 3/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.626% 5.626% 3 10/ 6/97 1011.90 3035.70 6475
MONEYPOOL MONEYPOOL NEW MONEY 5.626% 5.626% 3 10/ 6/97 62.51 187.53 400
COMM PAP MER LYNCH ROLLOVER 5.500% 5.504% 5 10/ 8/97 416.32 2081.60 2725
COMM PAP 1 ST BOST ROLLOVER 5.500% 5.503% 3 10/ 6/97 550.00 1650.00 3600
------
TOTAL BORROWINGS 13200
MATURITIES ( 24375)
------
DAILY TOTAL ( 11175)
14900
10/ 6/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.626% 5.626% 1 10/ 7/97 972.83 972.83 6225
COMM PAP MER LYNCH NEW MONEY 5.530% 5.531% 1 10/ 7/97 368.67 368.67 2400
COMM PAP 1 ST BOST ROLLOVER 5.570% 5.571% 1 10/ 7/97 820.03 820.03 5300
------
TOTAL BORROWINGS 13925
MATURITIES ( 12175)
------
DAILY TOTAL 1750
16650
<PAGE>
10/ 7/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.626% 5.626% 1 10/ 8/97 906.41 906.41 5800
COMM PAP 1 ST BOST ROLLOVER 5.550% 5.551% 1 10/ 8/97 709.17 709.17 4600
------
TOTAL BORROWINGS 10400
MATURITIES ( 13925)
------
DAILY TOTAL ( 3525)
13125
10/ 8/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.626% 5.626% 1 10/ 9/97 890.78 890.78 5700
COMM PAP MER LYNCH NEW MONEY 5.580% 5.581% 1 10/ 9/97 31.00 31.00 200
COMM PAP MER LYNCH ROLLOVER 5.580% 5.581% 1 10/ 9/97 422.38 422.38 2725
COMM PAP 1 ST BOST ROLLOVER 5.600% 5.601% 1 10/ 9/97 715.56 715.56 4600
------
TOTAL BORROWINGS 13225
MATURITIES ( 13125)
------
DAILY TOTAL 100
13225
10/ 9/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.626% 5.626% 1 10/10/97 781.39 781.39 5000
COMM PAP 1 ST BOST ROLLOVER 5.550% 5.551% 1 10/10/97 362.29 362.29 2350
------
TOTAL BORROWINGS 7350
MATURITIES ( 13225)
------
DAILY TOTAL ( 5875)
7350
10/10/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.626% 5.626% 4 10/14/97 711.06 2844.26 4550
MATURITIES ( 7350)
------
DAILY TOTAL ( 2800)
4550
10/14/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.626% 5.626% 1 10/15/97 711.06 711.06 4550
COMM PAP MER LYNCH NEW MONEY 5.560% 5.561% 1 10/15/97 370.67 370.67 2400
------
TOTAL BORROWINGS 6950
MATURITIES ( 4550)
------
DAILY TOTAL 2400
6950
10/15/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.626% 5.626% 1 10/16/97 453.21 453.21 2900
MATURITIES ( 6950)
------
DAILY TOTAL ( 4050)
2900
10/16/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.626% 5.626% 1 10/17/97 187.53 187.53 1200
MATURITIES ( 2900)
------
DAILY TOTAL ( 1700)
1200
<PAGE>
10/17/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.626% 5.626% 3 10/20/97 187.53 562.60 1200
MONEYPOOL MONEYPOOL NEW MONEY 5.626% 5.626% 3 10/20/97 398.51 1195.53 2550
------
TOTAL BORROWINGS 3750
MATURITIES ( 1200)
------
DAILY TOTAL 2550
3750
10/20/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.626% 5.626% 1 10/21/97 586.04 586.04 3750
MONEYPOOL MONEYPOOL NEW MONEY 5.626% 5.626% 1 10/21/97 289.11 289.11 1850
COMM PAP MER LYNCH NEW MONEY 5.580% 5.581% 1 10/21/97 232.50 232.50 1500
------
TOTAL BORROWINGS 7100
MATURITIES ( 3750)
------
DAILY TOTAL 3350
7100
10/21/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.626% 5.626% 1 10/22/97 707.16 707.16 4525
MATURITIES ( 7100)
------
DAILY TOTAL ( 2575)
4525
10/22/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.626% 5.626% 1 10/23/97 707.16 707.16 4525
MONEYPOOL MONEYPOOL NEW MONEY 5.626% 5.626% 1 10/23/97 132.84 132.84 850
COMM PAP 1 ST BOST NEW MONEY 5.750% 5.751% 1 10/23/97 203.65 203.65 1275
------
TOTAL BORROWINGS 6650
MATURITIES ( 4525)
------
DAILY TOTAL 2125
6650
10/23/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.626% 5.626% 1 10/24/97 839.99 839.99 5375
COMM PAP 1 ST BOST ROLLOVER 5.600% 5.601% 1 10/24/97 198.33 198.33 1275
COMM PAP 1 ST BOST NEW MONEY 5.580% 5.583% 4 10/27/97 585.13 2340.50 3775
------
TOTAL BORROWINGS 10425
MATURITIES ( 6650)
------
DAILY TOTAL 3775
10425
10/24/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.626% 5.626% 3 10/27/97 777.48 2332.45 4975
COMM PAP 1 ST BOST ROLLOVER 5.570% 5.573% 4 10/28/97 197.27 789.08 1275
COMM PAP 1 ST BOST NEW MONEY 5.570% 5.573% 4 10/28/97 746.53 2986.14 4825
------
TOTAL BORROWINGS 11075
MATURITIES ( 6650)
------
DAILY TOTAL 4425
14850
<PAGE>
10/27/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.626% 5.626% 1 10/28/97 687.62 687.62 4400
COMM PAP 1 ST BOST NEW MONEY 5.620% 5.622% 2 10/29/97 1010.82 2021.64 6475
COMM PAP 1 ST BOST ROLLOVER 5.620% 5.623% 3 10/30/97 589.32 1767.96 3775
------
TOTAL BORROWINGS 14650
MATURITIES ( 8750)
------
DAILY TOTAL 5900
20750
10/28/97:
MONEYPOOL MONEYPOOL NEW MONEY 5.626% 5.626% 1 10/29/97 113.30 113.30 725
MONEYPOOL MONEYPOOL ROLLOVER 5.626% 5.626% 1 10/29/97 687.62 687.62 4400
COMM PAP 1 ST BOST ROLLOVER 5.600% 5.605% 6 11/ 3/97 544.44 3266.67 3500
------
TOTAL BORROWINGS 8625
MATURITIES ( 10500)
------
DAILY TOTAL ( 1875)
18875
10/29/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.626% 5.626% 1 10/30/97 527.44 527.44 3375
COMM PAP 1 ST BOST ROLLOVER 5.620% 5.622% 2 10/31/97 1010.82 2021.64 6475
COMM PAP 1 ST BOST NEW MONEY 5.620% 5.622% 2 10/31/97 234.17 468.33 1500
------
TOTAL BORROWINGS 11350
MATURITIES ( 11600)
------
DAILY TOTAL ( 250)
18625
10/30/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.626% 5.626% 1 10/31/97 523.53 523.53 3350
COMM PAP 1 ST BOST ROLLOVER 5.670% 5.674% 4 11/ 3/97 594.56 2378.25 3775
------
TOTAL BORROWINGS 7125
MATURITIES ( 7150)
------
DAILY TOTAL ( 25)
18600
10/31/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.626% 5.626% 1 11/ 1/97 523.53 523.53 3350
MONEYPOOL MONEYPOOL NEW MONEY 5.626% 5.626% 1 11/ 1/97 285.21 285.21 1825
COMM PAP MER LYNCH NEW MONEY 5.720% 5.725% 5 11/ 5/97 1489.58 7447.92 9375
COMM PAP 1 ST BOST ROLLOVER 5.750% 5.754% 4 11/ 4/97 1273.78 5095.14 7975
------
TOTAL BORROWINGS 22525
MATURITIES ( 11325)
------
DAILY TOTAL 11200
29800
<PAGE>
11/ 1/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.639% 5.639% 2 11/ 3/97 524.74 1049.48 3350
MONEYPOOL MONEYPOOL NEW MONEY 5.639% 5.639% 2 11/ 3/97 285.87 571.73 1825
------
TOTAL BORROWINGS 5175
MATURITIES ( 5175)
------
DAILY TOTAL 0
29800
11/ 3/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.639% 5.639% 1 11/ 4/97 724.45 724.45 4625
COMM PAP MER LYNCH NEW MONEY 5.700% 5.704% 4 11/ 7/97 827.29 3309.17 5225
COMM PAP 1 ST BOST ROLLOVER 5.690% 5.693% 3 11/ 6/97 1149.85 3449.56 7275
------
TOTAL BORROWINGS 17125
MATURITIES ( 12450)
------
DAILY TOTAL 4675
34475
11/ 4/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.639% 5.639% 1 11/ 5/97 469.92 469.92 3000
COMM PAP 1 ST BOST ROLLOVER 5.650% 5.655% 6 11/10/97 1130.00 6780.00 7200
------
TOTAL BORROWINGS 10200
MATURITIES ( 12600)
------
DAILY TOTAL ( 2400)
32075
11/ 5/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.639% 5.639% 1 11/ 6/97 469.92 469.92 3000
MONEYPOOL MONEYPOOL NEW MONEY 5.639% 5.639% 1 11/ 6/97 313.28 313.28 2000
COMM PAP MER LYNCH ROLLOVER 5.620% 5.626% 7 11/12/97 355.15 2486.07 2275
------
TOTAL BORROWINGS 7275
MATURITIES ( 12375)
------
DAILY TOTAL ( 5100)
26975
11/ 6/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.639% 5.639% 1 11/ 7/97 767.53 767.53 4900
COMM PAP 1 ST BOST ROLLOVER 5.570% 5.576% 7 11/13/97 847.10 5929.73 5475
------
TOTAL BORROWINGS 10375
MATURITIES ( 12275)
------
DAILY TOTAL ( 1900)
25075
11/ 7/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.639% 5.639% 3 11/10/97 767.53 2302.59 4900
MONEYPOOL MONEYPOOL NEW MONEY 5.639% 5.639% 3 11/10/97 176.22 528.66 1125
COMM PAP MER LYNCH ROLLOVER 5.550% 5.554% 5 11/12/97 651.35 3256.77 4225
------
TOTAL BORROWINGS 10250
MATURITIES ( 10125)
------
DAILY TOTAL 125
25200
<PAGE>
11/10/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.639% 5.639% 2 11/12/97 943.75 1887.50 6025
MONEYPOOL MONEYPOOL NEW MONEY 5.639% 5.639% 2 11/12/97 54.82 109.65 350
COMM PAP 1 ST BOST ROLLOVER 5.600% 5.603% 4 11/14/97 1120.00 4480.00 7200
------
TOTAL BORROWINGS 13575
MATURITIES ( 13225)
------
DAILY TOTAL 350
25550
11/12/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.639% 5.639% 1 11/13/97 908.51 908.51 5800
COMM PAP MER LYNCH ROLLOVER 5.630% 5.634% 5 11/17/97 664.65 3323.26 4250
------
TOTAL BORROWINGS 10050
MATURITIES ( 12875)
------
DAILY TOTAL ( 2825)
22725
11/13/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.639% 5.639% 1 11/14/97 908.51 908.51 5800
MONEYPOOL MONEYPOOL NEW MONEY 5.639% 5.639% 1 11/14/97 164.47 164.47 1050
COMM PAP 1 ST BOST ROLLOVER 5.620% 5.624% 5 11/18/97 725.92 3629.58 4650
------
TOTAL BORROWINGS 11500
MATURITIES ( 11275)
------
DAILY TOTAL 225
22950
11/14/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.639% 5.639% 3 11/17/97 1072.98 3218.93 6850
MONEYPOOL MONEYPOOL NEW MONEY 5.639% 5.639% 3 11/17/97 164.47 493.41 1050
COMM PAP 1 ST BOST ROLLOVER 5.620% 5.624% 5 11/19/97 761.04 3805.21 4875
------
TOTAL BORROWINGS 12775
MATURITIES ( 14050)
------
DAILY TOTAL ( 1275)
21675
11/17/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.639% 5.639% 1 11/18/97 1217.87 1217.87 7775
COMM PAP MER LYNCH ROLLOVER 5.750% 5.753% 3 11/20/97 678.82 2036.46 4250
COMM PAP MER LYNCH NEW MONEY 5.770% 5.771% 1 11/18/97 585.01 585.01 3650
------
TOTAL BORROWINGS 15675
MATURITIES ( 12150)
------
DAILY TOTAL 3525
25200
<PAGE>
11/18/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.639% 5.639% 1 11/19/97 1217.87 1217.87 7775
MONEYPOOL MONEYPOOL NEW MONEY 5.639% 5.639% 1 11/19/97 90.07 90.07 575
COMM PAP MER LYNCH ROLLOVER 5.620% 5.623% 3 11/21/97 359.06 1077.17 2300
COMM PAP 1 ST BOST ROLLOVER 5.620% 5.625% 6 11/24/97 686.89 4121.33 4400
COMM PAP MER LYNCH ROLLOVER 5.650% 5.653% 3 11/21/97 211.88 635.63 1350
------
TOTAL BORROWINGS 16400
MATURITIES ( 16075)
------
DAILY TOTAL 325
25525
11/19/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.639% 5.639% 1 11/20/97 1288.35 1288.35 8225
COMM PAP 1 ST BOST ROLLOVER 5.600% 5.605% 6 11/25/97 521.11 3126.67 3350
------
TOTAL BORROWINGS 11575
MATURITIES ( 13225)
------
DAILY TOTAL ( 1650)
23875
11/20/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.639% 5.639% 1 11/21/97 1288.35 1288.35 8225
MONEYPOOL MONEYPOOL NEW MONEY 5.639% 5.639% 1 11/21/97 15.66 15.66 100
COMM PAP MER LYNCH ROLLOVER 5.530% 5.531% 1 11/21/97 602.92 602.92 3925
------
TOTAL BORROWINGS 12250
MATURITIES ( 12475)
------
DAILY TOTAL ( 225)
23650
11/21/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.639% 5.639% 3 11/24/97 1155.21 3465.64 7375
COMM PAP MER LYNCH ROLLOVER 5.470% 5.472% 3 11/24/97 740.73 2222.19 4875
------
TOTAL BORROWINGS 12250
MATURITIES ( 15900)
------
DAILY TOTAL ( 3650)
20000
11/24/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.639% 5.639% 1 11/25/97 1155.21 1155.21 7375
MONEYPOOL MONEYPOOL NEW MONEY 5.639% 5.639% 1 11/25/97 121.40 121.40 775
COMM PAP MER LYNCH ROLLOVER 5.550% 5.551% 1 11/25/97 458.65 458.65 2975
COMM PAP 1 ST BOST ROLLOVER 5.550% 5.552% 2 11/26/97 678.33 1356.67 4400
------
TOTAL BORROWINGS 15525
MATURITIES ( 16650)
------
DAILY TOTAL ( 1125)
18875
11/25/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.639% 5.639% 1 11/26/97 951.58 951.58 6075
MATURITIES ( 14475)
------
DAILY TOTAL ( 8400)
10475
<PAGE>
11/26/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.639% 5.639% 2 11/28/97 951.58 1903.16 6075
MONEYPOOL MONEYPOOL NEW MONEY 5.639% 5.639% 2 11/28/97 97.90 195.80 625
COMM PAP 1 ST BOST ROLLOVER 5.630% 5.632% 2 11/28/97 328.42 656.83 2100
------
TOTAL BORROWINGS 8800
MATURITIES ( 10475)
------
DAILY TOTAL ( 1675)
8800
11/28/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.639% 5.639% 3 12/ 1/97 1049.48 3148.44 6700
MONEYPOOL MONEYPOOL NEW MONEY 5.639% 5.639% 3 12/ 1/97 372.02 1116.05 2375
------
TOTAL BORROWINGS 9075
MATURITIES ( 8800)
------
DAILY TOTAL 275
9075
12/ 1/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.761% 5.761% 1 12/ 2/97 1452.25 1452.25 9075
COMM PAP 1 ST BOST NEW MONEY 5.820% 5.821% 1 12/ 2/97 509.25 509.25 3150
------
TOTAL BORROWINGS 12225
MATURITIES ( 9075)
------
DAILY TOTAL 3150
12225
12/ 2/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.761% 5.761% 1 12/ 3/97 836.15 836.15 5225
MATURITIES ( 12225)
------
DAILY TOTAL ( 7000)
5225
12/ 3/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.761% 5.761% 1 12/ 4/97 36.01 36.01 225
MATURITIES ( 5225)
------
DAILY TOTAL ( 5000)
225
12/ 4/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.761% 5.761% 1 12/ 5/97 36.01 36.01 225
MONEYPOOL MONEYPOOL NEW MONEY 5.761% 5.761% 1 12/ 5/97 292.05 292.05 1825
------
TOTAL BORROWINGS 2050
MATURITIES ( 225)
------
DAILY TOTAL 1825
2050
12/ 5/97:
MATURITIES ( 2050)
0
12/11/97:
MONEYPOOL MONEYPOOL NEW MONEY 5.761% 5.761% 1 12/12/97 880.15 880.15 5500
5500
<PAGE>
12/12/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.761% 5.761% 3 12/15/97 880.15 2640.46 5500
MONEYPOOL MONEYPOOL NEW MONEY 5.761% 5.761% 3 12/15/97 556.10 1668.29 3475
------
TOTAL BORROWINGS 8975
MATURITIES ( 5500)
------
DAILY TOTAL 3475
8975
12/15/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.761% 5.761% 1 12/16/97 1132.20 1132.20 7075
COMM PAP 1 ST BOST NEW MONEY 5.900% 5.901% 1 12/16/97 1688.06 1688.06 10300
------
TOTAL BORROWINGS 17375
MATURITIES ( 8975)
------
DAILY TOTAL 8400
17375
12/16/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.761% 5.761% 1 12/17/97 1132.20 1132.20 7075
MONEYPOOL MONEYPOOL NEW MONEY 5.761% 5.761% 1 12/17/97 24.00 24.00 150
COMM PAP MER LYNCH NEW MONEY 5.700% 5.701% 1 12/17/97 668.96 668.96 4225
COMM PAP 1 ST BOST ROLLOVER 5.750% 5.752% 2 12/18/97 1645.14 3290.28 10300
------
TOTAL BORROWINGS 21750
MATURITIES ( 17375)
------
DAILY TOTAL 4375
21750
12/17/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.761% 5.761% 1 12/18/97 1156.20 1156.20 7225
MONEYPOOL MONEYPOOL NEW MONEY 5.761% 5.761% 1 12/18/97 76.01 76.01 475
COMM PAP MER LYNCH NEW MONEY 5.750% 5.752% 2 12/19/97 315.45 630.90 1975
COMM PAP MER LYNCH ROLLOVER 5.750% 5.752% 2 12/19/97 674.83 1349.65 4225
------
TOTAL BORROWINGS 13900
MATURITIES ( 11450)
------
DAILY TOTAL 2450
24200
12/18/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.761% 5.761% 1 12/19/97 924.16 924.16 5775
COMM PAP 1 ST BOST ROLLOVER 5.630% 5.634% 5 12/23/97 1610.81 8054.03 10300
COMM PAP MER LYNCH NEW MONEY 5.650% 5.654% 4 12/22/97 690.56 2762.22 4400
------
TOTAL BORROWINGS 20475
MATURITIES ( 18000)
------
DAILY TOTAL 2475
26675
<PAGE>
12/19/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.761% 5.761% 3 12/22/97 836.15 2508.44 5225
COMM PAP 1 ST BOST NEW MONEY 5.600% 5.609% 10 12/29/97 1104.44 11044.44 7100
COMM PAP MER LYNCH ROLLOVER 5.620% 5.624% 5 12/24/97 967.89 4839.44 6200
------
TOTAL BORROWINGS 18525
MATURITIES ( 11975)
------
DAILY TOTAL 6550
33225
12/22/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.761% 5.761% 1 12/23/97 656.11 656.11 4100
COMM PAP MER LYNCH ROLLOVER 5.650% 5.657% 8 12/30/97 690.56 5524.45 4400
COMM PAP 1 ST BOST NEW MONEY 5.650% 5.657% 8 12/30/97 1545.90 12367.22 9850
------
TOTAL BORROWINGS 18350
MATURITIES ( 9625)
------
DAILY TOTAL 8725
41950
12/23/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.761% 5.761% 1 12/24/97 616.11 616.11 3850
COMM PAP 1 ST BOST ROLLOVER 5.650% 5.657% 8 12/31/97 502.22 4017.78 3200
------
TOTAL BORROWINGS 7050
MATURITIES ( 14400)
------
DAILY TOTAL ( 7350)
34600
12/24/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.761% 5.761% 2 12/26/97 580.10 1160.20 3625
COMM PAP MER LYNCH ROLLOVER 5.700% 5.706% 7 12/31/97 965.83 6760.83 6100
------
TOTAL BORROWINGS 9725
MATURITIES ( 10050)
------
DAILY TOTAL ( 325)
34275
12/26/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.761% 5.761% 3 12/29/97 476.08 1428.25 2975
COMM PAP 1 ST BOST NEW MONEY 5.620% 5.624% 5 12/31/97 304.42 1522.08 1950
------
TOTAL BORROWINGS 4925
MATURITIES ( 3625)
------
DAILY TOTAL 1300
35575
<PAGE>
12/29/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.761% 5.761% 1 12/30/97 476.08 476.08 2975
MONEYPOOL MONEYPOOL NEW MONEY 5.761% 5.761% 1 12/30/97 300.05 300.05 1875
COMM PAP 1 ST BOST ROLLOVER 6.650% 6.659% 7 1/ 5/98 1311.53 9180.69 7100
COMM PAP 1 ST BOST ROLLOVER 6.650% 6.659% 7 1/ 5/98 480.28 3361.94 2600
------
TOTAL BORROWINGS 14550
MATURITIES ( 10075)
------
DAILY TOTAL 4475
40050
12/30/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.761% 5.761% 1 12/31/97 776.13 776.13 4850
MONEYPOOL MONEYPOOL NEW MONEY 5.761% 5.761% 1 12/31/97 20.00 20.00 125
COMM PAP 1 ST BOST ROLLOVER 6.250% 6.258% 7 1/ 6/98 1171.88 8203.13 6750
------
TOTAL BORROWINGS 11725
MATURITIES ( 19100)
------
DAILY TOTAL ( 7375)
32675
12/31/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.761% 5.761% 1 1/ 1/98 768.13 768.13 4800
COMM PAP MER LYNCH ROLLOVER 6.250% 6.258% 7 1/ 7/98 1059.03 7413.19 6100
COMM PAP 1 ST BOST ROLLOVER 6.250% 6.259% 8 1/ 8/98 894.10 7152.78 5150
COMM PAP 1 ST BOST NEW MONEY 6.750% 6.753% 2 1/ 2/98 412.50 825.00 2200
------
TOTAL BORROWINGS 18250
MATURITIES ( 16225)
------
DAILY TOTAL 2025
34700
TEMPORARY BORROWING STATISTICS
------------------------------
10/ 1/97 TO 12/31/97
--------------------
BORROWINGS AT 12/31/97 $ 34700000
</TABLE>
<PAGE>
<TABLE>
THE NARRAGANSETT ELECTRIC COMPANY
BORROWING LOG
<CAPTION>
TYPE OF INT. RATE # MATURITY DAILY TOTAL $000'S CUM
DATE INSTRUMENT INSTITUTION TRANSACTION NOM. EFFEC. DAYS DATE INTEREST INTEREST INVESTED AMOUNT
---- ---------- ----------- ----------- ------------ ---- ---- -------- -------- -------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BEGINNING TOTAL @ 10/ 1/97 31400
10/ 1/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.597% 5.597% 1 10/ 2/97 734.61 734.61 4725
MONEYPOOL MONEYPOOL NEW MONEY 5.597% 5.597% 1 10/ 2/97 287.62 287.62 1850
COMM PAP 1 ST BOST ROLLOVER 5.590% 5.595% 6 10/ 7/97 931.67 5590.00 6000
COMM PAP 1 ST BOST NEW MONEY 5.590% 5.595% 6 10/ 7/97 128.10 768.63 825
------
TOTAL BORROWINGS 13400
MATURITIES ( 10725)
------
DAILY TOTAL 2675
34075
10/ 2/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.597% 5.597% 1 10/ 3/97 1022.23 1022.23 6575
COMM PAP MER LYNCH ROLLOVER 5.590% 5.593% 4 10/ 6/97 236.80 947.19 1525
COMM PAP 1 ST BOST ROLLOVER 5.600% 5.601% 1 10/ 3/97 591.11 591.11 3800
------
TOTAL BORROWINGS 11900
MATURITIES ( 12650)
------
DAILY TOTAL ( 750)
33325
10/ 3/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.597% 5.597% 3 10/ 6/97 1022.23 3066.69 6575
MONEYPOOL MONEYPOOL NEW MONEY 5.597% 5.597% 3 10/ 6/97 62.19 186.57 400
COMM PAP MER LYNCH ROLLOVER 5.500% 5.504% 5 10/ 8/97 905.21 4526.04 5925
------
TOTAL BORROWINGS 12900
MATURITIES ( 19900)
------
DAILY TOTAL ( 7000)
26325
10/ 6/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.597% 5.597% 1 10/ 7/97 967.81 967.81 6225
COMM PAP MER LYNCH NEW MONEY 5.530% 5.533% 3 10/ 9/97 122.89 368.67 800
COMM PAP MER LYNCH ROLLOVER 5.530% 5.533% 3 10/ 9/97 1013.83 3041.50 6600
------
TOTAL BORROWINGS 13625
MATURITIES ( 13575)
------
DAILY TOTAL 50
26375
<PAGE>
10/ 7/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.597% 5.597% 1 10/ 8/97 901.74 901.74 5800
COMM PAP 1 ST BOST ROLLOVER 5.550% 5.553% 3 10/10/97 898.02 2694.06 5825
------
TOTAL BORROWINGS 11625
MATURITIES ( 13050)
------
DAILY TOTAL ( 1425)
24950
10/ 8/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.597% 5.597% 1 10/ 9/97 858.98 858.98 5525
COMM PAP MER LYNCH ROLLOVER 5.550% 5.555% 6 10/14/97 913.44 5480.63 5925
------
TOTAL BORROWINGS 11450
MATURITIES ( 11725)
------
DAILY TOTAL ( 275)
24675
10/ 9/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.597% 5.597% 1 10/10/97 777.36 777.36 5000
COMM PAP MER LYNCH ROLLOVER 5.550% 5.555% 6 10/15/97 955.83 5735.00 6200
------
TOTAL BORROWINGS 11200
MATURITIES ( 12925)
------
DAILY TOTAL ( 1725)
22950
10/10/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.597% 5.597% 4 10/14/97 777.36 3109.44 5000
MONEYPOOL MONEYPOOL NEW MONEY 5.597% 5.597% 4 10/14/97 155.47 621.89 1000
COMM PAP 1 ST BOST ROLLOVER 5.530% 5.535% 6 10/16/97 553.00 3318.00 3600
------
TOTAL BORROWINGS 9600
MATURITIES ( 10825)
------
DAILY TOTAL ( 1225)
21725
10/14/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.597% 5.597% 1 10/15/97 812.34 812.34 5225
COMM PAP MER LYNCH ROLLOVER 5.570% 5.573% 3 10/17/97 916.73 2750.19 5925
COMM PAP MER LYNCH NEW MONEY 5.570% 5.573% 3 10/17/97 154.72 464.17 1000
------
TOTAL BORROWINGS 12150
MATURITIES ( 11925)
------
DAILY TOTAL 225
21950
10/15/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.597% 5.597% 1 10/16/97 812.34 812.34 5225
MONEYPOOL MONEYPOOL NEW MONEY 5.597% 5.597% 1 10/16/97 307.06 307.06 1975
COMM PAP MER LYNCH ROLLOVER 5.600% 5.604% 5 10/20/97 482.22 2411.11 3100
------
TOTAL BORROWINGS 10300
MATURITIES ( 11425)
------
DAILY TOTAL ( 1125)
20825
<PAGE>
10/16/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.597% 5.597% 1 10/17/97 1119.40 1119.40 7200
MONEYPOOL MONEYPOOL NEW MONEY 5.597% 5.597% 1 10/17/97 287.62 287.62 1850
COMM PAP 1 ST BOST ROLLOVER 5.550% 5.551% 1 10/17/97 154.17 154.17 1000
------
TOTAL BORROWINGS 10050
MATURITIES ( 10800)
------
DAILY TOTAL ( 750)
20075
10/17/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.597% 5.597% 3 10/20/97 1216.57 3649.71 7825
COMM PAP MER LYNCH ROLLOVER 5.500% 5.503% 4 10/21/97 1057.99 4231.94 6925
COMM PAP 1 ST BOST ROLLOVER 5.550% 5.554% 5 10/22/97 154.17 770.83 1000
COMM PAP 1 ST BOST NEW MONEY 5.550% 5.554% 5 10/22/97 169.58 847.92 1100
------
TOTAL BORROWINGS 16850
MATURITIES ( 16975)
------
DAILY TOTAL ( 125)
19950
10/20/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.597% 5.597% 1 10/21/97 995.02 995.02 6400
COMM PAP MER LYNCH ROLLOVER 5.570% 5.573% 3 10/23/97 479.64 1438.92 3100
COMM PAP MER LYNCH NEW MONEY 5.570% 5.573% 3 10/23/97 541.53 1624.58 3500
------
TOTAL BORROWINGS 13000
MATURITIES ( 10925)
------
DAILY TOTAL 2075
22025
10/21/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.597% 5.597% 1 10/22/97 897.85 897.85 5775
COMM PAP MER LYNCH ROLLOVER 5.580% 5.583% 3 10/24/97 1015.25 3045.75 6550
------
TOTAL BORROWINGS 12325
MATURITIES ( 13325)
------
DAILY TOTAL ( 1000)
21025
10/22/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.597% 5.597% 1 10/23/97 897.85 897.85 5775
MONEYPOOL MONEYPOOL NEW MONEY 5.597% 5.597% 1 10/23/97 23.32 23.32 150
COMM PAP 1 ST BOST ROLLOVER 5.580% 5.584% 5 10/27/97 325.50 1627.50 2100
------
TOTAL BORROWINGS 8025
MATURITIES ( 7875)
------
DAILY TOTAL 150
21175
<PAGE>
10/23/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.597% 5.597% 1 10/24/97 820.12 820.12 5275
COMM PAP MER LYNCH ROLLOVER 5.590% 5.594% 5 10/28/97 1024.83 5124.17 6600
COMM PAP MER LYNCH NEW MONEY 5.590% 5.594% 5 10/28/97 139.75 698.75 900
------
TOTAL BORROWINGS 12775
MATURITIES ( 12525)
------
DAILY TOTAL 250
21425
10/24/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.597% 5.597% 3 10/27/97 773.47 2320.42 4975
COMM PAP MER LYNCH ROLLOVER 5.600% 5.604% 5 10/29/97 1018.89 5094.44 6550
COMM PAP 1 ST BOST NEW MONEY 5.570% 5.573% 3 10/27/97 170.19 510.58 1100
------
TOTAL BORROWINGS 12625
MATURITIES ( 11825)
------
DAILY TOTAL 800
22225
10/27/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.597% 5.597% 1 10/28/97 684.08 684.08 4400
COMM PAP 1 ST BOST ROLLOVER 5.620% 5.623% 3 10/30/97 499.56 1498.67 3200
COMM PAP 1 ST BOST NEW MONEY 5.620% 5.623% 3 10/30/97 167.82 503.46 1075
------
TOTAL BORROWINGS 8675
MATURITIES ( 8175)
------
DAILY TOTAL 500
22725
10/28/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.597% 5.597% 1 10/29/97 684.08 684.08 4400
MONEYPOOL MONEYPOOL NEW MONEY 5.597% 5.597% 1 10/29/97 112.72 112.72 725
COMM PAP MER LYNCH ROLLOVER 5.600% 5.605% 6 11/ 3/97 964.44 5786.67 6200
------
TOTAL BORROWINGS 11325
MATURITIES ( 11900)
------
DAILY TOTAL ( 575)
22150
10/29/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.597% 5.597% 1 10/30/97 524.72 524.72 3375
COMM PAP MER LYNCH ROLLOVER 5.600% 5.602% 2 10/31/97 1018.89 2037.78 6550
COMM PAP MER LYNCH NEW MONEY 5.600% 5.602% 2 10/31/97 50.56 101.11 325
------
TOTAL BORROWINGS 10250
MATURITIES ( 11675)
------
DAILY TOTAL ( 1425)
20725
<PAGE>
10/30/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.597% 5.597% 1 10/31/97 485.85 485.85 3125
COMM PAP 1 ST BOST ROLLOVER 5.670% 5.674% 5 11/ 4/97 673.31 3366.56 4275
COMM PAP 1 ST BOST NEW MONEY 5.670% 5.674% 5 11/ 4/97 43.31 216.56 275
------
TOTAL BORROWINGS 7675
MATURITIES ( 7650)
------
DAILY TOTAL 25
20750
10/31/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.597% 5.597% 1 11/ 1/97 485.85 485.85 3125
MONEYPOOL MONEYPOOL NEW MONEY 5.597% 5.597% 1 11/ 1/97 318.72 318.72 2050
COMM PAP MER LYNCH ROLLOVER 5.720% 5.725% 5 11/ 5/97 1092.36 5461.81 6875
COMM PAP MER LYNCH NEW MONEY 5.720% 5.725% 5 11/ 5/97 99.31 496.53 625
------
TOTAL BORROWINGS 12675
MATURITIES ( 10000)
------
DAILY TOTAL 2675
23425
11/ 1/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.635% 5.635% 2 11/ 3/97 489.15 978.30 3125
MONEYPOOL MONEYPOOL NEW MONEY 5.635% 5.635% 2 11/ 3/97 320.88 641.76 2050
------
TOTAL BORROWINGS 5175
MATURITIES ( 5175)
------
DAILY TOTAL 0
23425
11/ 3/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.635% 5.635% 1 11/ 4/97 723.94 723.94 4625
COMM PAP MER LYNCH ROLLOVER 5.710% 5.713% 3 11/ 6/97 983.39 2950.17 6200
COMM PAP 1 ST BOST NEW MONEY 5.690% 5.694% 4 11/ 7/97 324.01 1296.06 2050
------
TOTAL BORROWINGS 12875
MATURITIES ( 11375)
------
DAILY TOTAL 1500
24925
11/ 4/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.635% 5.635% 1 11/ 5/97 473.50 473.50 3025
COMM PAP 1 ST BOST ROLLOVER 5.650% 5.653% 3 11/ 7/97 714.10 2142.29 4550
------
TOTAL BORROWINGS 7575
MATURITIES ( 9175)
------
DAILY TOTAL ( 1600)
23325
<PAGE>
11/ 5/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.635% 5.635% 1 11/ 6/97 473.50 473.50 3025
MONEYPOOL MONEYPOOL NEW MONEY 5.635% 5.635% 1 11/ 6/97 313.06 313.06 2000
COMM PAP MER LYNCH ROLLOVER 5.620% 5.624% 5 11/10/97 577.61 2888.06 3700
------
TOTAL BORROWINGS 8725
MATURITIES ( 10525)
------
DAILY TOTAL ( 1800)
21525
11/ 6/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.635% 5.635% 1 11/ 7/97 770.90 770.90 4925
COMM PAP MER LYNCH ROLLOVER 5.600% 5.605% 6 11/12/97 906.11 5436.67 5825
------
TOTAL BORROWINGS 10750
MATURITIES ( 11225)
------
DAILY TOTAL ( 475)
21050
11/ 7/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.635% 5.635% 3 11/10/97 770.90 2312.70 4925
MONEYPOOL MONEYPOOL NEW MONEY 5.635% 5.635% 3 11/10/97 172.18 516.54 1100
COMM PAP 1 ST BOST ROLLOVER 5.580% 5.585% 6 11/13/97 813.75 4882.50 5250
------
TOTAL BORROWINGS 11275
MATURITIES ( 11525)
------
DAILY TOTAL ( 250)
20800
11/10/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.635% 5.635% 2 11/12/97 884.38 1768.76 5650
COMM PAP MER LYNCH ROLLOVER 5.620% 5.624% 4 11/14/97 558.10 2232.39 3575
------
TOTAL BORROWINGS 9225
MATURITIES ( 9725)
------
DAILY TOTAL ( 500)
20300
11/12/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.635% 5.635% 1 11/13/97 884.38 884.38 5650
COMM PAP MER LYNCH ROLLOVER 5.630% 5.634% 5 11/17/97 602.10 3010.49 3850
------
TOTAL BORROWINGS 9500
MATURITIES ( 11475)
------
DAILY TOTAL ( 1975)
18325
11/13/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.635% 5.635% 1 11/14/97 884.38 884.38 5650
MONEYPOOL MONEYPOOL NEW MONEY 5.635% 5.635% 1 11/14/97 187.83 187.83 1200
COMM PAP 1 ST BOST ROLLOVER 5.620% 5.624% 5 11/18/97 577.61 2888.06 3700
------
TOTAL BORROWINGS 10550
MATURITIES ( 10900)
------
DAILY TOTAL ( 350)
17975
<PAGE>
11/14/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.635% 5.635% 3 11/17/97 1072.22 3216.65 6850
MONEYPOOL MONEYPOOL NEW MONEY 5.635% 5.635% 3 11/17/97 164.35 493.06 1050
COMM PAP MER LYNCH ROLLOVER 5.650% 5.654% 5 11/19/97 306.04 1530.21 1950
------
TOTAL BORROWINGS 9850
MATURITIES ( 10425)
------
DAILY TOTAL ( 575)
17400
11/17/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.635% 5.635% 1 11/18/97 1217.00 1217.00 7775
COMM PAP MER LYNCH ROLLOVER 5.750% 5.753% 3 11/20/97 614.93 1844.79 3850
COMM PAP MER LYNCH NEW MONEY 5.770% 5.772% 2 11/19/97 320.56 641.11 2000
------
TOTAL BORROWINGS 13625
MATURITIES ( 11750)
------
DAILY TOTAL 1875
19275
11/18/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.635% 5.635% 1 11/19/97 1217.00 1217.00 7775
MONEYPOOL MONEYPOOL NEW MONEY 5.635% 5.635% 1 11/19/97 90.00 90.00 575
COMM PAP 1 ST BOST ROLLOVER 5.640% 5.643% 3 11/21/97 356.42 1069.25 2275
------
TOTAL BORROWINGS 10625
MATURITIES ( 11475)
------
DAILY TOTAL ( 850)
18425
11/19/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.635% 5.635% 1 11/20/97 1287.44 1287.44 8225
COMM PAP MER LYNCH ROLLOVER 5.590% 5.592% 2 11/21/97 551.24 1102.47 3550
------
TOTAL BORROWINGS 11775
MATURITIES ( 12300)
------
DAILY TOTAL ( 525)
17900
11/20/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.635% 5.635% 1 11/21/97 1287.44 1287.44 8225
MONEYPOOL MONEYPOOL NEW MONEY 5.635% 5.635% 1 11/21/97 15.65 15.65 100
COMM PAP MER LYNCH ROLLOVER 5.550% 5.553% 4 11/24/97 593.54 2374.17 3850
COMM PAP MER LYNCH NEW MONEY 5.550% 5.553% 4 11/24/97 111.77 447.08 725
------
TOTAL BORROWINGS 12900
MATURITIES ( 12075)
------
DAILY TOTAL 825
18725
<PAGE>
11/21/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.635% 5.635% 3 11/24/97 1154.39 3463.18 7375
COMM PAP MER LYNCH ROLLOVER 5.530% 5.533% 4 11/25/97 280.34 1121.36 1825
COMM PAP 1 ST BOST ROLLOVER 5.530% 5.533% 4 11/25/97 349.47 1397.86 2275
------
TOTAL BORROWINGS 11475
MATURITIES ( 14150)
------
DAILY TOTAL ( 2675)
16050
11/24/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.635% 5.635% 1 11/25/97 1154.39 1154.39 7375
MONEYPOOL MONEYPOOL NEW MONEY 5.635% 5.635% 1 11/25/97 121.31 121.31 775
COMM PAP MER LYNCH ROLLOVER 5.570% 5.572% 2 11/26/97 549.26 1098.53 3550
------
TOTAL BORROWINGS 11700
MATURITIES ( 11950)
------
DAILY TOTAL ( 250)
15800
11/25/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.635% 5.635% 1 11/26/97 1275.70 1275.70 8150
MONEYPOOL MONEYPOOL NEW MONEY 5.635% 5.635% 1 11/26/97 160.44 160.44 1025
COMM PAP MER LYNCH ROLLOVER 5.550% 5.551% 1 11/26/97 173.44 173.44 1125
------
TOTAL BORROWINGS 10300
MATURITIES ( 12250)
------
DAILY TOTAL ( 1950)
13850
11/26/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.635% 5.635% 2 11/28/97 1436.14 2872.28 9175
COMM PAP MER LYNCH ROLLOVER 5.650% 5.652% 2 11/28/97 612.08 1224.17 3900
------
TOTAL BORROWINGS 13075
MATURITIES ( 13850)
------
DAILY TOTAL ( 775)
13075
11/28/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.635% 5.635% 3 12/ 1/97 1436.14 4308.43 9175
MONEYPOOL MONEYPOOL NEW MONEY 5.635% 5.635% 3 12/ 1/97 266.10 798.29 1700
------
TOTAL BORROWINGS 10875
MATURITIES ( 13075)
------
DAILY TOTAL ( 2200)
10875
12/ 1/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.744% 5.744% 1 12/ 2/97 1727.19 1727.19 10825
COMM PAP 1 ST BOST NEW MONEY 5.820% 5.821% 1 12/ 2/97 335.46 335.46 2075
------
TOTAL BORROWINGS 12900
MATURITIES ( 10875)
------
DAILY TOTAL 2025
12900
<PAGE>
12/ 2/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.744% 5.744% 1 12/ 3/97 1727.19 1727.19 10825
MONEYPOOL MONEYPOOL NEW MONEY 5.744% 5.744% 1 12/ 3/97 19.94 19.94 125
------
TOTAL BORROWINGS 10950
MATURITIES ( 12900)
------
DAILY TOTAL ( 1950)
10950
12/ 3/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.744% 5.744% 1 12/ 4/97 1348.24 1348.24 8450
MATURITIES ( 10950)
------
DAILY TOTAL ( 2500)
8450
12/ 4/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.744% 5.744% 1 12/ 5/97 1276.44 1276.44 8000
MATURITIES ( 8450)
------
DAILY TOTAL ( 450)
8000
12/ 5/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.744% 5.744% 3 12/ 8/97 1088.97 3266.90 6825
MATURITIES ( 8000)
------
DAILY TOTAL ( 1175)
6825
12/ 8/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.744% 5.744% 1 12/ 9/97 1088.97 1088.97 6825
MONEYPOOL MONEYPOOL NEW MONEY 5.744% 5.744% 1 12/ 9/97 67.81 67.81 425
------
TOTAL BORROWINGS 7250
MATURITIES ( 6825)
------
DAILY TOTAL 425
7250
12/ 9/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.744% 5.744% 1 12/10/97 873.57 873.57 5475
MATURITIES ( 7250)
------
DAILY TOTAL ( 1775)
5475
12/10/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.744% 5.744% 1 12/11/97 873.57 873.57 5475
MONEYPOOL MONEYPOOL NEW MONEY 5.744% 5.744% 1 12/11/97 31.91 31.91 200
------
TOTAL BORROWINGS 5675
MATURITIES ( 5475)
------
DAILY TOTAL 200
5675
<PAGE>
12/11/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.744% 5.744% 1 12/12/97 905.48 905.48 5675
MONEYPOOL MONEYPOOL NEW MONEY 5.744% 5.744% 1 12/12/97 159.56 159.56 1000
------
TOTAL BORROWINGS 6675
MATURITIES ( 5675)
------
DAILY TOTAL 1000
6675
12/12/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.744% 5.744% 3 12/15/97 1065.03 3195.10 6675
MONEYPOOL MONEYPOOL NEW MONEY 5.744% 5.744% 3 12/15/97 127.64 382.93 800
------
TOTAL BORROWINGS 7475
MATURITIES ( 6675)
------
DAILY TOTAL 800
7475
12/15/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.744% 5.744% 1 12/16/97 1116.89 1116.89 7000
COMM PAP 1 ST BOST NEW MONEY 5.900% 5.901% 1 12/16/97 999.72 999.72 6100
------
TOTAL BORROWINGS 13100
MATURITIES ( 7475)
------
DAILY TOTAL 5625
13100
12/16/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.744% 5.744% 1 12/17/97 1116.89 1116.89 7000
MONEYPOOL MONEYPOOL NEW MONEY 5.744% 5.744% 1 12/17/97 31.91 31.91 200
COMM PAP 1 ST BOST ROLLOVER 5.720% 5.721% 1 12/17/97 881.83 881.83 5550
------
TOTAL BORROWINGS 12750
MATURITIES ( 13100)
------
DAILY TOTAL ( 350)
12750
12/17/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.744% 5.744% 1 12/18/97 1148.80 1148.80 7200
MONEYPOOL MONEYPOOL NEW MONEY 5.744% 5.744% 1 12/18/97 79.78 79.78 500
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.801% 1 12/18/97 894.17 894.17 5550
COMM PAP 1 ST BOST NEW MONEY 5.800% 5.801% 1 12/18/97 56.39 56.39 350
------
TOTAL BORROWINGS 13600
MATURITIES ( 12750)
------
DAILY TOTAL 850
13600
<PAGE>
12/18/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.744% 5.744% 1 12/19/97 925.42 925.42 5800
COMM PAP 1 ST BOST ROLLOVER 5.630% 5.634% 4 12/22/97 922.69 3690.78 5900
COMM PAP MER LYNCH NEW MONEY 6.720% 6.721% 1 12/19/97 597.33 597.33 3200
------
TOTAL BORROWINGS 14900
MATURITIES ( 13600)
------
DAILY TOTAL 1300
14900
12/19/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.744% 5.744% 3 12/22/97 833.68 2501.03 5225
COMM PAP MER LYNCH ROLLOVER 5.620% 5.624% 4 12/23/97 499.56 1998.22 3200
COMM PAP MER LYNCH NEW MONEY 5.620% 5.624% 4 12/23/97 105.38 421.50 675
------
TOTAL BORROWINGS 9100
MATURITIES ( 9000)
------
DAILY TOTAL 100
15000
12/22/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.744% 5.744% 1 12/23/97 654.18 654.18 4100
COMM PAP 1 ST BOST ROLLOVER 5.670% 5.676% 7 12/29/97 929.25 6504.75 5900
COMM PAP 1 ST BOST NEW MONEY 5.670% 5.672% 2 12/24/97 645.75 1291.50 4100
------
TOTAL BORROWINGS 14100
MATURITIES ( 11125)
------
DAILY TOTAL 2975
17975
12/23/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.744% 5.744% 1 12/24/97 614.29 614.29 3850
COMM PAP MER LYNCH ROLLOVER 5.670% 5.676% 7 12/30/97 330.75 2315.25 2100
------
TOTAL BORROWINGS 5950
MATURITIES ( 7975)
------
DAILY TOTAL ( 2025)
15950
12/24/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.744% 5.744% 2 12/26/97 578.39 1156.78 3625
COMM PAP 1 ST BOST ROLLOVER 5.650% 5.656% 7 12/31/97 643.47 4504.31 4100
COMM PAP 1 ST BOST NEW MONEY 5.650% 5.656% 7 12/31/97 70.63 494.38 450
------
TOTAL BORROWINGS 8175
MATURITIES ( 7950)
------
DAILY TOTAL 225
16175
<PAGE>
12/26/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.744% 5.744% 3 12/29/97 578.39 1735.17 3625
MONEYPOOL MONEYPOOL NEW MONEY 5.744% 5.744% 3 12/29/97 3.99 11.97 25
------
TOTAL BORROWINGS 3650
MATURITIES ( 3625)
------
DAILY TOTAL 25
16200
12/29/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.744% 5.744% 1 12/30/97 582.38 582.38 3650
MONEYPOOL MONEYPOOL NEW MONEY 5.744% 5.744% 1 12/30/97 99.72 99.72 625
COMM PAP 1 ST BOST ROLLOVER 5.650% 5.651% 1 12/30/97 925.97 925.97 5900
------
TOTAL BORROWINGS 10175
MATURITIES ( 9550)
------
DAILY TOTAL 625
16825
12/30/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.744% 5.744% 1 12/31/97 682.10 682.10 4275
MONEYPOOL MONEYPOOL NEW MONEY 5.744% 5.744% 1 12/31/97 23.93 23.93 150
COMM PAP 1 ST BOST ROLLOVER 5.700% 5.701% 1 12/31/97 423.54 423.54 2675
------
TOTAL BORROWINGS 7100
MATURITIES ( 12275)
------
DAILY TOTAL ( 5175)
11650
12/31/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.744% 5.744% 1 1/ 1/98 706.03 706.03 4425
COMM PAP MER LYNCH NEW MONEY 6.650% 6.652% 2 1/ 2/98 868.19 1736.39 4700
COMM PAP 1 ST BOST ROLLOVER 6.250% 6.255% 5 1/ 5/98 1254.34 6271.70 7225
------
TOTAL BORROWINGS 16350
MATURITIES ( 11650)
------
DAILY TOTAL 4700
16350
TEMPORARY BORROWING STATISTICS
------------------------------
10/ 1/97 TO 12/31/97
--------------------
BORROWINGS AT 12/31/97 $ 16350000
</TABLE>
<PAGE>
<TABLE>
NEW ENGLAND HYDRO TRANS. ELECTRIC CO.
BORROWING LOG
<CAPTION>
TYPE OF INT. RATE # MATURITY DAILY TOTAL $000'S CUM
DATE INSTRUMENT INSTITUTION TRANSACTION NOM. EFFEC. DAYS DATE INTEREST INTEREST INVESTED AMOUNT
---- ---------- ----------- ----------- ------------ ---- ---- -------- -------- -------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BEGINNING TOTAL @ 10/ 1/97 0
</TABLE>
<PAGE>
<TABLE>
NEW ENGLAND POWER COMPANY
BORROWING LOG
<CAPTION>
TYPE OF INT. RATE # MATURITY DAILY TOTAL $000'S CUM
DATE INSTRUMENT INSTITUTION TRANSACTION NOM. EFFEC. DAYS DATE INTEREST INTEREST INVESTED AMOUNT
---- ---------- ----------- ----------- ------------ ---- ---- -------- -------- -------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BEGINNING TOTAL @ 10/ 1/97 97950
10/ 1/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.592% 5.592% 1 10/ 2/97 229.12 229.12 1475
MONEYPOOL MONEYPOOL NEW MONEY 5.592% 5.592% 1 10/ 2/97 1165.00 1165.00 7500
COMM PAP MER LYNCH NEW MONEY 5.560% 5.576% 19 10/20/97 1911.25 36313.75 12375
COMM PAP 1 ST BOST NEW MONEY 5.580% 5.597% 20 10/21/97 1902.63 38052.50 12275
------
TOTAL BORROWINGS 33625
MATURITIES ( 1475)
------
DAILY TOTAL 32150
130100
10/ 2/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.592% 5.592% 1 10/ 3/97 1281.50 1281.50 8250
COMM PAP MER LYNCH ROLLOVER 5.590% 5.593% 4 10/ 6/97 1552.78 6211.11 10000
------
TOTAL BORROWINGS 18250
MATURITIES ( 18975)
------
DAILY TOTAL ( 725)
129375
10/ 3/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.592% 5.592% 3 10/ 6/97 1281.50 3844.50 8250
COMM PAP MER LYNCH NEW MONEY 5.550% 5.560% 12 10/15/97 1021.35 12256.25 6625
COMM PAP 1 ST BOST ROLLOVER 5.550% 5.566% 19 10/22/97 2004.17 38079.17 13000
------
TOTAL BORROWINGS 27875
MATURITIES ( 21250)
------
DAILY TOTAL 6625
136000
10/ 6/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.592% 5.592% 1 10/ 7/97 970.83 970.83 6250
COMM PAP MER LYNCH ROLLOVER 5.550% 5.565% 17 10/23/97 1140.83 19394.17 7400
COMM PAP 1 ST BOST ROLLOVER 5.560% 5.576% 18 10/24/97 880.33 15846.00 5700
------
TOTAL BORROWINGS 19350
MATURITIES ( 26375)
------
DAILY TOTAL ( 7025)
128975
<PAGE>
10/ 7/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.592% 5.592% 1 10/ 8/97 904.82 904.82 5825
COMM PAP 1 ST BOST ROLLOVER 5.550% 5.558% 9 10/16/97 501.04 4509.38 3250
------
TOTAL BORROWINGS 9075
MATURITIES ( 18250)
------
DAILY TOTAL ( 9175)
119800
10/ 8/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.592% 5.592% 1 10/ 9/97 873.75 873.75 5625
COMM PAP MER LYNCH ROLLOVER 5.550% 5.555% 6 10/14/97 736.15 4416.88 4775
------
TOTAL BORROWINGS 10400
MATURITIES ( 15450)
------
DAILY TOTAL ( 5050)
114750
10/ 9/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.592% 5.592% 1 10/10/97 811.62 811.62 5225
COMM PAP MER LYNCH ROLLOVER 5.550% 5.565% 18 10/27/97 971.25 17482.50 6300
------
TOTAL BORROWINGS 11525
MATURITIES ( 11925)
------
DAILY TOTAL ( 400)
114350
10/10/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.592% 5.592% 4 10/14/97 811.62 3246.47 5225
MONEYPOOL MONEYPOOL NEW MONEY 5.592% 5.592% 4 10/14/97 155.33 621.33 1000
COMM PAP 1 ST BOST ROLLOVER 5.570% 5.586% 18 10/28/97 1462.13 26318.25 9450
COMM PAP 1 ST BOST NEW MONEY 5.570% 5.586% 18 10/28/97 510.58 9190.50 3300
------
TOTAL BORROWINGS 18975
MATURITIES ( 14675)
------
DAILY TOTAL 4300
118650
10/14/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.592% 5.592% 1 10/15/97 815.50 815.50 5250
COMM PAP 1 ST BOST ROLLOVER 5.570% 5.579% 10 10/24/97 959.28 9592.78 6200
------
TOTAL BORROWINGS 11450
MATURITIES ( 18400)
------
DAILY TOTAL ( 6950)
111700
10/15/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.592% 5.592% 1 10/16/97 815.50 815.50 5250
MONEYPOOL MONEYPOOL NEW MONEY 5.592% 5.592% 1 10/16/97 302.90 302.90 1950
COMM PAP MER LYNCH ROLLOVER 5.650% 5.651% 1 10/16/97 839.65 839.65 5350
------
TOTAL BORROWINGS 12550
MATURITIES ( 19025)
------
DAILY TOTAL ( 6475)
105225
<PAGE>
10/16/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.592% 5.592% 1 10/17/97 1118.40 1118.40 7200
MONEYPOOL MONEYPOOL NEW MONEY 5.592% 5.592% 1 10/17/97 345.62 345.62 2225
COMM PAP 1 ST BOST ROLLOVER 5.570% 5.579% 11 10/27/97 881.92 9701.08 5700
------
TOTAL BORROWINGS 15125
MATURITIES ( 21025)
------
DAILY TOTAL ( 5900)
99325
10/17/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.592% 5.592% 3 10/20/97 1215.48 3646.45 7825
COMM PAP MER LYNCH ROLLOVER 5.520% 5.530% 12 10/29/97 1257.33 15088.00 8200
COMM PAP 1 ST BOST NEW MONEY 5.580% 5.590% 12 10/29/97 453.38 5440.50 2925
------
TOTAL BORROWINGS 18950
MATURITIES ( 17625)
------
DAILY TOTAL 1325
100650
10/20/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.592% 5.592% 1 10/21/97 990.25 990.25 6375
COMM PAP MER LYNCH ROLLOVER 5.570% 5.582% 14 11/ 3/97 1914.69 26805.63 12375
------
TOTAL BORROWINGS 18750
MATURITIES ( 20200)
------
DAILY TOTAL ( 1450)
99200
10/21/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.592% 5.592% 1 10/22/97 893.17 893.17 5750
COMM PAP 1 ST BOST ROLLOVER 5.650% 5.652% 2 10/23/97 949.51 1899.03 6050
------
TOTAL BORROWINGS 11800
MATURITIES ( 18650)
------
DAILY TOTAL ( 6850)
92350
10/22/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.592% 5.592% 1 10/23/97 893.17 893.17 5750
COMM PAP 1 ST BOST ROLLOVER 5.590% 5.601% 13 11/ 4/97 1874.98 24374.73 12075
------
TOTAL BORROWINGS 17825
MATURITIES ( 18750)
------
DAILY TOTAL ( 925)
91425
10/23/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.592% 5.592% 1 10/24/97 819.38 819.38 5275
COMM PAP MER LYNCH ROLLOVER 5.590% 5.591% 1 10/24/97 1094.71 1094.71 7050
------
TOTAL BORROWINGS 12325
MATURITIES ( 19200)
------
DAILY TOTAL ( 6875)
84550
<PAGE>
10/24/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.592% 5.592% 3 10/27/97 772.78 2318.35 4975
COMM PAP MER LYNCH ROLLOVER 5.600% 5.610% 12 11/ 5/97 1096.67 13160.00 7050
COMM PAP MER LYNCH NEW MONEY 5.600% 5.610% 12 11/ 5/97 264.44 3173.33 1700
COMM PAP 1 ST BOST ROLLOVER 5.600% 5.609% 10 11/ 3/97 1851.11 18511.11 11900
------
TOTAL BORROWINGS 25625
MATURITIES ( 24225)
------
DAILY TOTAL 1400
85950
10/27/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.592% 5.592% 1 10/28/97 683.47 683.47 4400
COMM PAP MER LYNCH ROLLOVER 5.600% 5.603% 3 10/30/97 980.00 2940.00 6300
COMM PAP 1 ST BOST NEW MONEY 5.620% 5.623% 3 10/30/97 195.14 585.42 1250
------
TOTAL BORROWINGS 11950
MATURITIES ( 16975)
------
DAILY TOTAL ( 5025)
80925
10/28/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.592% 5.592% 1 10/29/97 683.47 683.47 4400
MONEYPOOL MONEYPOOL NEW MONEY 5.592% 5.592% 1 10/29/97 108.73 108.73 700
COMM PAP 1 ST BOST ROLLOVER 5.600% 5.608% 9 11/ 6/97 1427.22 12845.00 9175
------
TOTAL BORROWINGS 14275
MATURITIES ( 17150)
------
DAILY TOTAL ( 2875)
78050
10/29/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.592% 5.592% 1 10/30/97 520.37 520.37 3350
COMM PAP MER LYNCH ROLLOVER 5.630% 5.638% 9 11/ 7/97 1282.39 11541.50 8200
COMM PAP 1 ST BOST ROLLOVER 5.620% 5.628% 9 11/ 7/97 218.56 1967.00 1400
------
TOTAL BORROWINGS 12950
MATURITIES ( 16225)
------
DAILY TOTAL ( 3275)
74775
10/30/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.592% 5.592% 1 10/31/97 481.53 481.53 3100
COMM PAP MER LYNCH ROLLOVER 5.620% 5.621% 1 10/31/97 983.50 983.50 6300
COMM PAP 1 ST BOST ROLLOVER 5.670% 5.675% 6 11/ 5/97 196.88 1181.25 1250
COMM PAP 1 ST BOST NEW MONEY 5.670% 5.675% 6 11/ 5/97 106.31 637.88 675
------
TOTAL BORROWINGS 11325
MATURITIES ( 10900)
------
DAILY TOTAL 425
75200
<PAGE>
10/31/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.592% 5.592% 1 11/ 1/97 481.53 481.53 3100
MONEYPOOL MONEYPOOL NEW MONEY 5.592% 5.592% 1 11/ 1/97 322.32 322.32 2075
COMM PAP MER LYNCH ROLLOVER 5.670% 5.679% 10 11/10/97 992.25 9922.50 6300
COMM PAP 1 ST BOST NEW MONEY 5.650% 5.661% 12 11/12/97 1173.16 14077.92 7475
COMM PAP 1 ST BOST NEW MONEY 5.650% 5.662% 13 11/13/97 1161.39 15098.06 7400
------
TOTAL BORROWINGS 26350
MATURITIES ( 9400)
------
DAILY TOTAL 16950
92150
11/ 1/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.642% 5.642% 2 11/ 3/97 485.84 971.68 3100
MONEYPOOL MONEYPOOL NEW MONEY 5.642% 5.642% 2 11/ 3/97 325.20 650.40 2075
------
TOTAL BORROWINGS 5175
MATURITIES ( 5175)
------
DAILY TOTAL 0
92150
11/ 3/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.642% 5.642% 1 11/ 4/97 724.84 724.84 4625
COMM PAP MER LYNCH ROLLOVER 5.650% 5.660% 11 11/14/97 1942.19 21364.07 12375
COMM PAP MER LYNCH NEW MONEY 5.610% 5.623% 15 11/18/97 1168.75 17531.25 7500
COMM PAP 1 ST BOST ROLLOVER 5.650% 5.662% 14 11/17/97 1867.64 26146.95 11900
------
TOTAL BORROWINGS 36400
MATURITIES ( 29450)
------
DAILY TOTAL 6950
99100
11/ 4/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.642% 5.642% 1 11/ 5/97 470.17 470.17 3000
COMM PAP 1 ST BOST ROLLOVER 5.640% 5.653% 15 11/19/97 1891.75 28376.25 12075
COMM PAP 1 ST BOST NEW MONEY 5.640% 5.653% 15 11/19/97 105.75 1586.25 675
------
TOTAL BORROWINGS 15750
MATURITIES ( 16700)
------
DAILY TOTAL ( 950)
98150
11/ 5/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.642% 5.642% 1 11/ 6/97 470.17 470.17 3000
MONEYPOOL MONEYPOOL NEW MONEY 5.642% 5.642% 1 11/ 6/97 317.36 317.36 2025
COMM PAP MER LYNCH ROLLOVER 5.600% 5.613% 15 11/20/97 1361.11 20416.67 8750
COMM PAP 1 ST BOST ROLLOVER 5.650% 5.664% 16 11/21/97 302.12 4833.89 1925
COMM PAP 1 ST BOST NEW MONEY 5.650% 5.664% 16 11/21/97 1204.55 19272.78 7675
------
TOTAL BORROWINGS 23375
MATURITIES ( 13675)
------
DAILY TOTAL 9700
107850
<PAGE>
11/ 6/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.642% 5.642% 1 11/ 7/97 771.86 771.86 4925
COMM PAP 1 ST BOST ROLLOVER 5.590% 5.593% 4 11/10/97 659.93 2639.72 4250
------
TOTAL BORROWINGS 9175
MATURITIES ( 14200)
------
DAILY TOTAL ( 5025)
102825
11/ 7/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.642% 5.642% 3 11/10/97 771.86 2315.57 4925
MONEYPOOL MONEYPOOL NEW MONEY 5.642% 5.642% 3 11/10/97 172.39 517.18 1100
COMM PAP MER LYNCH ROLLOVER 5.570% 5.585% 17 11/24/97 804.56 13677.44 5200
------
TOTAL BORROWINGS 11225
MATURITIES ( 14525)
------
DAILY TOTAL ( 3300)
99525
11/10/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.642% 5.642% 2 11/12/97 881.56 1763.13 5625
COMM PAP MER LYNCH ROLLOVER 5.620% 5.626% 7 11/17/97 928.86 6502.03 5950
------
TOTAL BORROWINGS 11575
MATURITIES ( 16575)
------
DAILY TOTAL ( 5000)
94525
11/12/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.642% 5.642% 1 11/13/97 881.56 881.56 5625
COMM PAP 1 ST BOST ROLLOVER 5.650% 5.651% 1 11/13/97 443.37 443.37 2825
------
TOTAL BORROWINGS 8450
MATURITIES ( 13100)
------
DAILY TOTAL ( 4650)
89875
11/13/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.642% 5.642% 1 11/14/97 881.56 881.56 5625
MONEYPOOL MONEYPOOL NEW MONEY 5.642% 5.642% 1 11/14/97 188.07 188.07 1200
COMM PAP 1 ST BOST ROLLOVER 5.620% 5.630% 11 11/24/97 1018.63 11204.88 6525
------
TOTAL BORROWINGS 13350
MATURITIES ( 15850)
------
DAILY TOTAL ( 2500)
87375
11/14/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.642% 5.642% 3 11/17/97 1069.63 3208.89 6825
MONEYPOOL MONEYPOOL NEW MONEY 5.642% 5.642% 3 11/17/97 164.56 493.68 1050
COMM PAP MER LYNCH ROLLOVER 5.620% 5.630% 11 11/25/97 1143.51 12578.65 7325
------
TOTAL BORROWINGS 15200
MATURITIES ( 19200)
------
DAILY TOTAL ( 4000)
83375
<PAGE>
11/17/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.642% 5.642% 1 11/18/97 1218.52 1218.52 7775
COMM PAP MER LYNCH ROLLOVER 5.670% 5.678% 9 11/26/97 937.13 8434.13 5950
COMM PAP 1 ST BOST ROLLOVER 5.770% 5.771% 1 11/18/97 560.97 560.97 3500
------
TOTAL BORROWINGS 17225
MATURITIES ( 25725)
------
DAILY TOTAL ( 8500)
74875
11/18/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.642% 5.642% 1 11/19/97 1218.52 1218.52 7775
MONEYPOOL MONEYPOOL NEW MONEY 5.642% 5.642% 1 11/19/97 90.12 90.12 575
COMM PAP MER LYNCH ROLLOVER 5.630% 5.639% 10 11/28/97 985.25 9852.50 6300
COMM PAP 1 ST BOST ROLLOVER 5.620% 5.626% 7 11/25/97 546.39 3824.72 3500
------
TOTAL BORROWINGS 18150
MATURITIES ( 18775)
------
DAILY TOTAL ( 625)
74250
11/19/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.642% 5.642% 1 11/20/97 1285.12 1285.12 8200
COMM PAP 1 ST BOST ROLLOVER 5.630% 5.641% 13 12/ 2/97 770.22 10012.80 4925
COMM PAP 1 ST BOST ROLLOVER 5.630% 5.642% 14 12/ 3/97 770.22 10783.01 4925
------
TOTAL BORROWINGS 18050
MATURITIES ( 21100)
------
DAILY TOTAL ( 3050)
71200
11/20/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.642% 5.642% 1 11/21/97 1285.12 1285.12 8200
MONEYPOOL MONEYPOOL NEW MONEY 5.642% 5.642% 1 11/21/97 15.67 15.67 100
COMM PAP MER LYNCH ROLLOVER 5.620% 5.632% 14 12/ 4/97 1365.97 19123.61 8750
COMM PAP MER LYNCH NEW MONEY 5.620% 5.631% 12 12/ 2/97 589.32 7071.83 3775
------
TOTAL BORROWINGS 20825
MATURITIES ( 16950)
------
DAILY TOTAL 3875
75075
11/21/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.642% 5.642% 3 11/24/97 1151.91 3455.73 7350
COMM PAP 1 ST BOST NEW MONEY 5.610% 5.621% 12 12/ 3/97 709.04 8508.50 4550
COMM PAP 1 ST BOST ROLLOVER 5.610% 5.622% 14 12/ 5/97 1496.00 20944.00 9600
------
TOTAL BORROWINGS 21500
MATURITIES ( 17900)
------
DAILY TOTAL 3600
78675
<PAGE>
11/24/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.642% 5.642% 1 11/25/97 1151.91 1151.91 7350
MONEYPOOL MONEYPOOL NEW MONEY 5.642% 5.642% 1 11/25/97 121.46 121.46 775
COMM PAP MER LYNCH ROLLOVER 5.630% 5.642% 14 12/ 8/97 813.22 11385.11 5200
COMM PAP MER LYNCH NEW MONEY 5.630% 5.643% 15 12/ 9/97 871.87 13078.02 5575
COMM PAP 1 ST BOST ROLLOVER 5.620% 5.632% 14 12/ 8/97 1018.63 14260.75 6525
COMM PAP 1 ST BOST NEW MONEY 5.620% 5.633% 15 12/ 9/97 858.61 12879.17 5500
------
TOTAL BORROWINGS 30925
MATURITIES ( 19075)
------
DAILY TOTAL 11850
90525
11/25/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.642% 5.642% 1 11/26/97 1273.37 1273.37 8125
MONEYPOOL MONEYPOOL NEW MONEY 5.642% 5.642% 1 11/26/97 156.72 156.72 1000
COMM PAP MER LYNCH ROLLOVER 5.600% 5.605% 6 12/ 1/97 1139.44 6836.67 7325
COMM PAP 1 ST BOST ROLLOVER 5.650% 5.663% 15 12/10/97 549.31 8239.58 3500
COMM PAP 1 ST BOST NEW MONEY 5.650% 5.663% 15 12/10/97 1349.72 20245.84 8600
------
TOTAL BORROWINGS 28550
MATURITIES ( 18950)
------
DAILY TOTAL 9600
100125
11/26/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.642% 5.642% 2 11/28/97 1430.09 2860.18 9125
COMM PAP MER LYNCH ROLLOVER 5.680% 5.693% 15 12/11/97 938.78 14081.67 5950
COMM PAP MER LYNCH NEW MONEY 5.680% 5.693% 15 12/11/97 615.33 9230.00 3900
------
TOTAL BORROWINGS 18975
MATURITIES ( 15075)
------
DAILY TOTAL 3900
104025
11/28/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.642% 5.642% 3 12/ 1/97 1430.09 4290.27 9125
MONEYPOOL MONEYPOOL NEW MONEY 5.642% 5.642% 3 12/ 1/97 227.25 681.74 1450
COMM PAP MER LYNCH ROLLOVER 5.750% 5.762% 13 12/11/97 1006.25 13081.25 6300
COMM PAP MER LYNCH NEW MONEY 5.820% 5.824% 4 12/ 2/97 428.42 1713.67 2650
------
TOTAL BORROWINGS 19525
MATURITIES ( 15425)
------
DAILY TOTAL 4100
108125
12/ 1/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.806% 5.806% 1 12/ 2/97 1705.51 1705.51 10575
COMM PAP MER LYNCH ROLLOVER 5.680% 5.690% 11 12/12/97 1155.72 12712.94 7325
COMM PAP MER LYNCH NEW MONEY 5.670% 5.683% 14 12/15/97 976.50 13671.00 6200
COMM PAP 1 ST BOST NEW MONEY 5.650% 5.660% 11 12/12/97 973.06 10703.61 6200
------
TOTAL BORROWINGS 30300
MATURITIES ( 17900)
------
DAILY TOTAL 12400
120525
<PAGE>
12/ 2/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.806% 5.806% 1 12/ 3/97 1705.51 1705.51 10575
MONEYPOOL MONEYPOOL NEW MONEY 5.806% 5.806% 1 12/ 3/97 463.67 463.67 2875
COMM PAP MER LYNCH ROLLOVER 5.650% 5.662% 14 12/16/97 816.11 11425.56 5200
COMM PAP 1 ST BOST ROLLOVER 5.650% 5.662% 14 12/16/97 772.95 10821.32 4925
------
TOTAL BORROWINGS 23575
MATURITIES ( 21925)
------
DAILY TOTAL 1650
122175
12/ 3/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.806% 5.806% 1 12/ 4/97 2169.19 2169.19 13450
MONEYPOOL MONEYPOOL NEW MONEY 5.806% 5.806% 1 12/ 4/97 225.79 225.79 1400
COMM PAP 1 ST BOST ROLLOVER 5.620% 5.632% 14 12/17/97 1323.04 18522.58 8475
------
TOTAL BORROWINGS 23325
MATURITIES ( 22925)
------
DAILY TOTAL 400
122575
12/ 4/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.806% 5.806% 1 12/ 5/97 2394.98 2394.98 14850
MONEYPOOL MONEYPOOL NEW MONEY 5.806% 5.806% 1 12/ 5/97 366.91 366.91 2275
COMM PAP MER LYNCH ROLLOVER 5.620% 5.630% 11 12/15/97 296.61 3262.72 1900
------
TOTAL BORROWINGS 19025
MATURITIES ( 23600)
------
DAILY TOTAL ( 4575)
118000
12/ 5/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.806% 5.806% 3 12/ 8/97 2761.88 8285.65 17125
MONEYPOOL MONEYPOOL NEW MONEY 5.806% 5.806% 3 12/ 8/97 358.84 1076.53 2225
COMM PAP 1 ST BOST ROLLOVER 5.600% 5.611% 13 12/18/97 1493.33 19413.34 9600
COMM PAP MER LYNCH NEW MONEY 5.590% 5.600% 11 12/16/97 679.34 7472.74 4375
------
TOTAL BORROWINGS 33325
MATURITIES ( 26725)
------
DAILY TOTAL 6600
124600
12/ 8/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.806% 5.806% 1 12/ 9/97 2741.72 2741.72 17000
COMM PAP MER LYNCH ROLLOVER 5.590% 5.598% 9 12/17/97 807.44 7267.00 5200
COMM PAP 1 ST BOST ROLLOVER 5.580% 5.589% 10 12/18/97 596.75 5967.50 3850
------
TOTAL BORROWINGS 26050
MATURITIES ( 31075)
------
DAILY TOTAL ( 5025)
119575
<PAGE>
12/ 9/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.806% 5.806% 1 12/10/97 2741.72 2741.72 17000
MONEYPOOL MONEYPOOL NEW MONEY 5.806% 5.806% 1 12/10/97 415.29 415.29 2575
COMM PAP 1 ST BOST ROLLOVER 5.570% 5.579% 10 12/19/97 328.78 3287.85 2125
------
TOTAL BORROWINGS 21700
MATURITIES ( 28075)
------
DAILY TOTAL ( 6375)
113200
12/10/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.806% 5.806% 1 12/11/97 3157.01 3157.01 19575
MONEYPOOL MONEYPOOL NEW MONEY 5.806% 5.806% 1 12/11/97 213.69 213.69 1325
COMM PAP 1 ST BOST ROLLOVER 5.580% 5.588% 9 12/19/97 1367.88 12310.88 8825
------
TOTAL BORROWINGS 29725
MATURITIES ( 31675)
------
DAILY TOTAL ( 1950)
111250
12/11/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.806% 5.806% 1 12/12/97 2709.47 2709.47 16800
COMM PAP MER LYNCH ROLLOVER 5.550% 5.559% 11 12/22/97 2370.31 26073.44 15375
------
TOTAL BORROWINGS 32175
MATURITIES ( 37050)
------
DAILY TOTAL ( 4875)
106375
12/12/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.806% 5.806% 3 12/15/97 1669.23 5007.67 10350
COMM PAP MER LYNCH ROLLOVER 5.550% 5.559% 11 12/23/97 562.71 6189.79 3650
COMM PAP 1 ST BOST ROLLOVER 5.600% 5.610% 11 12/23/97 964.44 10608.89 6200
------
TOTAL BORROWINGS 20200
MATURITIES ( 30325)
------
DAILY TOTAL ( 10125)
96250
12/15/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.806% 5.806% 1 12/16/97 1141.04 1141.04 7075
COMM PAP MER LYNCH ROLLOVER 5.650% 5.658% 9 12/24/97 1271.25 11441.25 8100
COMM PAP MER LYNCH NEW MONEY 5.650% 5.662% 14 12/29/97 1569.44 21972.22 10000
COMM PAP MER LYNCH NEW MONEY 5.650% 5.664% 16 12/31/97 1569.44 25111.11 10000
COMM PAP 1 ST BOST NEW MONEY 5.650% 5.660% 11 12/26/97 1569.44 17263.89 10000
COMM PAP 1 ST BOST NEW MONEY 5.650% 5.663% 15 12/30/97 1647.92 24718.75 10500
------
TOTAL BORROWINGS 55675
MATURITIES ( 18450)
------
DAILY TOTAL 37225
133475
<PAGE>
12/16/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.806% 5.806% 1 12/17/97 1141.04 1141.04 7075
MONEYPOOL MONEYPOOL NEW MONEY 5.806% 5.806% 1 12/17/97 24.19 24.19 150
COMM PAP MER LYNCH ROLLOVER 6.050% 6.070% 20 1/ 5/98 945.31 18906.25 5625
------
TOTAL BORROWINGS 12850
MATURITIES ( 21575)
------
DAILY TOTAL ( 8725)
124750
12/17/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.806% 5.806% 1 12/18/97 1165.23 1165.23 7225
MONEYPOOL MONEYPOOL NEW MONEY 5.806% 5.806% 1 12/18/97 76.61 76.61 475
COMM PAP MER LYNCH ROLLOVER 6.030% 6.049% 19 1/ 5/98 816.56 15514.69 4875
------
TOTAL BORROWINGS 12575
MATURITIES ( 20900)
------
DAILY TOTAL ( 8325)
116425
12/18/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.806% 5.806% 1 12/19/97 931.38 931.38 5775
COMM PAP 1 ST BOST ROLLOVER 6.050% 6.069% 19 1/ 6/98 1285.63 24426.88 7650
------
TOTAL BORROWINGS 13425
MATURITIES ( 21150)
------
DAILY TOTAL ( 7725)
108700
12/19/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.806% 5.806% 3 12/22/97 842.68 2528.03 5225
COMM PAP 1 ST BOST ROLLOVER 6.100% 6.120% 19 1/ 7/98 1075.97 20443.47 6350
------
TOTAL BORROWINGS 11575
MATURITIES ( 16725)
------
DAILY TOTAL ( 5150)
103550
12/22/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.806% 5.806% 1 12/23/97 661.24 661.24 4100
COMM PAP MER LYNCH ROLLOVER 6.220% 6.238% 17 1/ 8/98 2656.46 45159.79 15375
COMM PAP MER LYNCH NEW MONEY 6.220% 6.238% 17 1/ 8/98 254.85 4332.40 1475
------
TOTAL BORROWINGS 20950
MATURITIES ( 20600)
------
DAILY TOTAL 350
103900
<PAGE>
12/23/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.806% 5.806% 1 12/24/97 624.95 624.95 3875
COMM PAP MER LYNCH ROLLOVER 6.550% 6.567% 14 1/ 6/98 664.10 9297.36 3650
COMM PAP 1 ST BOST ROLLOVER 6.500% 6.520% 17 1/ 9/98 1119.44 19030.56 6200
COMM PAP 1 ST BOST NEW MONEY 6.500% 6.520% 17 1/ 9/98 1187.15 20181.60 6575
------
TOTAL BORROWINGS 20300
MATURITIES ( 13950)
------
DAILY TOTAL 6350
110250
12/24/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.806% 5.806% 2 12/26/97 588.66 1177.33 3650
COMM PAP MER LYNCH ROLLOVER 6.550% 6.564% 12 1/ 5/98 545.83 6550.00 3000
COMM PAP MER LYNCH ROLLOVER 6.600% 6.615% 12 1/ 5/98 183.33 2200.00 1000
------
TOTAL BORROWINGS 7650
MATURITIES ( 11975)
------
DAILY TOTAL ( 4325)
105925
12/26/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.806% 5.806% 3 12/29/97 483.83 1451.50 3000
COMM PAP 1 ST BOST ROLLOVER 6.550% 6.564% 12 1/ 7/98 1819.44 21833.34 10000
COMM PAP 1 ST BOST NEW MONEY 6.550% 6.564% 12 1/ 7/98 391.18 4694.17 2150
------
TOTAL BORROWINGS 15150
MATURITIES ( 13650)
------
DAILY TOTAL 1500
107425
12/29/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.806% 5.806% 1 12/30/97 483.83 483.83 3000
COMM PAP MER LYNCH ROLLOVER 6.300% 6.315% 14 1/12/98 1658.13 23213.75 9475
------
TOTAL BORROWINGS 12475
MATURITIES ( 13000)
------
DAILY TOTAL ( 525)
106900
12/30/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.806% 5.806% 1 12/31/97 483.83 483.83 3000
MONEYPOOL MONEYPOOL NEW MONEY 5.806% 5.806% 1 12/31/97 20.16 20.16 125
COMM PAP MER LYNCH NEW MONEY 6.050% 6.065% 15 1/14/98 840.28 12604.17 5000
COMM PAP 1 ST BOST ROLLOVER 6.050% 6.064% 14 1/13/98 1764.58 24704.17 10500
------
TOTAL BORROWINGS 18625
MATURITIES ( 13500)
------
DAILY TOTAL 5125
112025
<PAGE>
12/31/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.806% 5.806% 1 1/ 1/98 503.99 503.99 3125
COMM PAP MER LYNCH ROLLOVER 6.000% 6.014% 14 1/14/98 1537.50 21525.00 9225
------
TOTAL BORROWINGS 12350
MATURITIES ( 13125)
------
DAILY TOTAL ( 775)
111250
TEMPORARY BORROWING STATISTICS
------------------------------
10/ 1/97 TO 12/31/97
--------------------
BORROWINGS AT 12/31/97 $111250000
</TABLE>
<PAGE>
<TABLE>
NEW ENGLAND ELECTRIC SYSTEM (TRUST)
BORROWING LOG
<CAPTION>
TYPE OF INT. RATE # MATURITY DAILY TOTAL $000'S CUM
DATE INSTRUMENT INSTITUTION TRANSACTION NOM. EFFEC. DAYS DATE INTEREST INTEREST INVESTED AMOUNT
---- ---------- ----------- ----------- ------------ ---- ---- -------- -------- -------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BEGINNING TOTAL @ 10/ 1/97 0
12/11/97:
BK NOTE FNBB NEW MONEY 6.375% 6.375% 7 12/18/97 885.42 6197.92 5000
5000
12/17/97:
COMM PAP MER LYNCH NEW MONEY 6.030% 6.049% 19 1/ 5/98 837.50 15912.50 5000
10000
12/18/97:
COMM PAP MER LYNCH NEW MONEY 6.050% 6.068% 18 1/ 5/98 420.14 7562.50 2500
MATURITIES ( 5000)
------
DAILY TOTAL ( 2500)
7500
12/19/97:
COMM PAP MER LYNCH NEW MONEY 5.600% 5.603% 3 12/22/97 2177.78 6533.33 14000
COMM PAP MER LYNCH NEW MONEY 5.650% 5.653% 3 12/22/97 5022.22 15066.67 32000
COMM PAP MER LYNCH NEW MONEY 5.900% 5.962% 63 2/20/98 163.89 10325.00 1000
COMM PAP 1 ST BOST NEW MONEY 6.000% 6.032% 32 1/20/98 833.33 26666.67 5000
COMM PAP 1 ST BOST NEW MONEY 5.900% 5.959% 60 2/17/98 819.44 49166.67 5000
COMM PAP 1 ST BOST NEW MONEY 5.800% 5.885% 90 3/19/98 805.56 72500.01 5000
COMM PAP 1 ST BOST NEW MONEY 5.620% 5.623% 3 12/22/97 4683.33 14050.00 30000
------
TOTAL BORROWINGS 92000
99500
12/22/97:
COMM PAP 1 ST BOST ROLLOVER 5.650% 5.651% 1 12/23/97 4708.33 4708.33 30000
COMM PAP MER LYNCH ROLLOVER 5.630% 5.631% 1 12/23/97 5004.44 5004.44 32000
COMM PAP MER LYNCH ROLLOVER 6.000% 6.035% 35 1/26/98 833.33 29166.67 5000
COMM PAP MER LYNCH ROLLOVER 5.900% 5.963% 64 2/24/98 655.56 41955.56 4000
COMM PAP MER LYNCH ROLLOVER 5.800% 5.886% 91 3/23/98 805.56 73305.56 5000
------
TOTAL BORROWINGS 76000
MATURITIES ( 76000)
------
DAILY TOTAL 0
99500
12/23/97:
COMM PAP MER LYNCH ROLLOVER 5.700% 5.705% 6 12/29/97 5066.67 30400.00 32000
COMM PAP 1 ST BOST ROLLOVER 5.650% 5.655% 6 12/29/97 4708.33 28250.00 30000
COMM PAP 1 ST BOST NEW MONEY 5.650% 5.655% 6 12/29/97 235.42 1412.50 1500
------
TOTAL BORROWINGS 63500
MATURITIES ( 62000)
------
DAILY TOTAL 1500
101000
<PAGE>
12/29/97:
COMM PAP MER LYNCH ROLLOVER 5.600% 5.601% 1 12/30/97 4977.78 4977.78 32000
COMM PAP 1 ST BOST ROLLOVER 5.650% 5.651% 1 12/30/97 4943.75 4943.75 31500
------
TOTAL BORROWINGS 63500
MATURITIES ( 63500)
------
DAILY TOTAL 0
101000
12/30/97:
COMM PAP MER LYNCH ROLLOVER 6.250% 6.253% 3 1/ 2/98 3472.22 10416.67 20000
COMM PAP MER LYNCH NEW MONEY 6.250% 6.253% 3 1/ 2/98 173.61 520.83 1000
COMM PAP MER LYNCH ROLLOVER 5.650% 5.728% 87 3/27/98 1883.33 163850.02 12000
COMM PAP 1 ST BOST ROLLOVER 5.640% 5.718% 87 3/27/98 2467.50 214672.48 15750
COMM PAP 1 ST BOST ROLLOVER 5.640% 5.715% 84 3/24/98 2467.50 207269.98 15750
------
TOTAL BORROWINGS 64500
MATURITIES ( 63500)
------
DAILY TOTAL 1000
102000
TEMPORARY BORROWING STATISTICS
------------------------------
10/ 1/97 TO 12/31/97
--------------------
BORROWINGS AT 12/31/97 $102000000
</TABLE>
<PAGE>
<TABLE>
NEW ENGLAND ELECTRIC TRANSMISSION CORP
BORROWING LOG
<CAPTION>
TYPE OF INT. RATE # MATURITY DAILY TOTAL $000'S CUM
DATE INSTRUMENT INSTITUTION TRANSACTION NOM. EFFEC. DAYS DATE INTEREST INTEREST INVESTED AMOUNT
---- ---------- ----------- ----------- ------------ ---- ---- -------- -------- -------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BEGINNING TOTAL @ 10/ 1/97 2150
10/ 1/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/ 2/97 354.57 354.57 2150
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/ 2/97 24.74 24.74 150
------
TOTAL BORROWINGS 2300
MATURITIES ( 2150)
------
DAILY TOTAL 150
2300
10/ 2/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/ 3/97 379.31 379.31 2300
MATURITIES ( 2300)
------
DAILY TOTAL 0
2300
10/ 3/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 3 10/ 6/97 379.31 1137.93 2300
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 3 10/ 6/97 4.12 12.37 25
------
TOTAL BORROWINGS 2325
MATURITIES ( 2300)
------
DAILY TOTAL 25
2325
10/ 6/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/ 7/97 383.43 383.43 2325
MATURITIES ( 2325)
------
DAILY TOTAL 0
2325
10/ 7/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/ 8/97 383.43 383.43 2325
MATURITIES ( 2325)
------
DAILY TOTAL 0
2325
10/ 8/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/ 9/97 383.43 383.43 2325
MATURITIES ( 2325)
------
DAILY TOTAL 0
2325
<PAGE>
10/ 9/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/10/97 383.43 383.43 2325
MATURITIES ( 2325)
------
DAILY TOTAL 0
2325
10/10/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 4 10/14/97 383.43 1533.73 2325
MATURITIES ( 2325)
------
DAILY TOTAL 0
2325
10/14/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/15/97 383.43 383.43 2325
MATURITIES ( 2325)
------
DAILY TOTAL 0
2325
10/15/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/16/97 383.43 383.43 2325
MATURITIES ( 2325)
------
DAILY TOTAL 0
2325
10/16/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/17/97 272.11 272.11 1650
MATURITIES ( 2325)
------
DAILY TOTAL ( 675)
1650
10/17/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 3 10/20/97 272.11 816.34 1650
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 3 10/20/97 86.58 259.74 525
------
TOTAL BORROWINGS 2175
MATURITIES ( 1650)
------
DAILY TOTAL 525
2175
10/20/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/21/97 358.69 358.69 2175
MATURITIES ( 2175)
------
DAILY TOTAL 0
2175
10/21/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/22/97 358.69 358.69 2175
MATURITIES ( 2175)
------
DAILY TOTAL 0
2175
10/22/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/23/97 358.69 358.69 2175
MATURITIES ( 2175)
------
DAILY TOTAL 0
2175
<PAGE>
10/23/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/24/97 358.69 358.69 2175
MATURITIES ( 2175)
------
DAILY TOTAL 0
2175
10/24/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 3 10/27/97 358.69 1076.08 2175
MATURITIES ( 2175)
------
DAILY TOTAL 0
2175
10/27/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/28/97 358.69 358.69 2175
MATURITIES ( 2175)
------
DAILY TOTAL 0
2175
10/28/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/29/97 358.69 358.69 2175
MATURITIES ( 2175)
------
DAILY TOTAL 0
2175
10/29/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/30/97 358.69 358.69 2175
MATURITIES ( 2175)
------
DAILY TOTAL 0
2175
10/30/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/31/97 358.69 358.69 2175
MATURITIES ( 2175)
------
DAILY TOTAL 0
2175
10/31/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 11/ 1/97 358.69 358.69 2175
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 11/ 1/97 4.12 4.12 25
------
TOTAL BORROWINGS 2200
MATURITIES ( 2175)
------
DAILY TOTAL 25
2200
11/ 1/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 2 11/ 3/97 362.26 724.52 2175
MONEYPOOL MONEYPOOL NEW MONEY 5.996% 5.996% 2 11/ 3/97 4.16 8.33 25
------
TOTAL BORROWINGS 2200
MATURITIES ( 2200)
------
DAILY TOTAL 0
2200
<PAGE>
11/ 3/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 1 11/ 4/97 366.42 366.42 2200
MATURITIES ( 2200)
------
DAILY TOTAL 0
2200
11/ 4/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 1 11/ 5/97 366.42 366.42 2200
MATURITIES ( 2200)
------
DAILY TOTAL 0
2200
11/ 5/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 1 11/ 6/97 366.42 366.42 2200
MONEYPOOL MONEYPOOL NEW MONEY 5.996% 5.996% 1 11/ 6/97 8.33 8.33 50
------
TOTAL BORROWINGS 2250
MATURITIES ( 2200)
------
DAILY TOTAL 50
2250
11/ 6/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 1 11/ 7/97 374.75 374.75 2250
MATURITIES ( 2250)
------
DAILY TOTAL 0
2250
11/ 7/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 3 11/10/97 374.75 1124.25 2250
MATURITIES ( 2250)
------
DAILY TOTAL 0
2250
11/10/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 2 11/12/97 374.75 749.50 2250
MATURITIES ( 2250)
------
DAILY TOTAL 0
2250
11/12/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 1 11/13/97 374.75 374.75 2250
MATURITIES ( 2250)
------
DAILY TOTAL 0
2250
11/13/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 1 11/14/97 374.75 374.75 2250
MATURITIES ( 2250)
------
DAILY TOTAL 0
2250
11/14/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 3 11/17/97 262.33 786.98 1575
MATURITIES ( 2250)
------
DAILY TOTAL ( 675)
1575
<PAGE>
11/17/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 1 11/18/97 262.33 262.33 1575
MONEYPOOL MONEYPOOL NEW MONEY 5.996% 5.996% 1 11/18/97 83.28 83.28 500
------
TOTAL BORROWINGS 2075
MATURITIES ( 1575)
------
DAILY TOTAL 500
2075
11/18/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 1 11/19/97 345.60 345.60 2075
MONEYPOOL MONEYPOOL NEW MONEY 5.996% 5.996% 1 11/19/97 12.49 12.49 75
------
TOTAL BORROWINGS 2150
MATURITIES ( 2075)
------
DAILY TOTAL 75
2150
11/19/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 1 11/20/97 353.93 353.93 2125
MATURITIES ( 2150)
------
DAILY TOTAL ( 25)
2125
11/20/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 1 11/21/97 353.93 353.93 2125
MATURITIES ( 2125)
------
DAILY TOTAL 0
2125
11/21/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 3 11/24/97 353.93 1061.79 2125
MATURITIES ( 2125)
------
DAILY TOTAL 0
2125
11/24/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 1 11/25/97 353.93 353.93 2125
MATURITIES ( 2125)
------
DAILY TOTAL 0
2125
11/25/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 1 11/26/97 353.93 353.93 2125
MATURITIES ( 2125)
------
DAILY TOTAL 0
2125
11/26/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 2 11/28/97 353.93 707.86 2125
MONEYPOOL MONEYPOOL NEW MONEY 5.996% 5.996% 2 11/28/97 20.82 41.64 125
------
TOTAL BORROWINGS 2250
MATURITIES ( 2125)
------
DAILY TOTAL 125
2250
<PAGE>
11/28/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.996% 5.996% 3 12/ 1/97 374.75 1124.25 2250
MATURITIES ( 2250)
------
DAILY TOTAL 0
2250
12/ 1/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/ 2/97 394.13 394.13 2250
MATURITIES ( 2250)
------
DAILY TOTAL 0
2250
12/ 2/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/ 3/97 394.13 394.13 2250
MATURITIES ( 2250)
------
DAILY TOTAL 0
2250
12/ 3/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/ 4/97 394.13 394.13 2250
MONEYPOOL MONEYPOOL NEW MONEY 6.306% 6.306% 1 12/ 4/97 17.52 17.52 100
------
TOTAL BORROWINGS 2350
MATURITIES ( 2250)
------
DAILY TOTAL 100
2350
12/ 4/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/ 5/97 411.64 411.64 2350
MATURITIES ( 2350)
------
DAILY TOTAL 0
2350
12/ 5/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 3 12/ 8/97 411.64 1234.93 2350
MATURITIES ( 2350)
------
DAILY TOTAL 0
2350
12/ 8/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/ 9/97 411.64 411.64 2350
MATURITIES ( 2350)
------
DAILY TOTAL 0
2350
12/ 9/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/10/97 411.64 411.64 2350
MATURITIES ( 2350)
------
DAILY TOTAL 0
2350
12/10/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/11/97 411.64 411.64 2350
MATURITIES ( 2350)
------
DAILY TOTAL 0
2350
<PAGE>
12/11/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/12/97 411.64 411.64 2350
MATURITIES ( 2350)
------
DAILY TOTAL 0
2350
12/12/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 3 12/15/97 411.64 1234.93 2350
MONEYPOOL MONEYPOOL NEW MONEY 6.306% 6.306% 3 12/15/97 13.14 39.41 75
------
TOTAL BORROWINGS 2425
MATURITIES ( 2350)
------
DAILY TOTAL 75
2425
12/15/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/16/97 424.78 424.78 2425
MONEYPOOL MONEYPOOL NEW MONEY 6.306% 6.306% 1 12/16/97 21.90 21.90 125
------
TOTAL BORROWINGS 2550
MATURITIES ( 2425)
------
DAILY TOTAL 125
2550
12/16/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/17/97 332.82 332.82 1900
MATURITIES ( 2550)
------
DAILY TOTAL ( 650)
1900
12/17/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/18/97 332.82 332.82 1900
MONEYPOOL MONEYPOOL NEW MONEY 6.306% 6.306% 1 12/18/97 87.58 87.58 500
------
TOTAL BORROWINGS 2400
MATURITIES ( 1900)
------
DAILY TOTAL 500
2400
12/18/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/19/97 420.40 420.40 2400
MATURITIES ( 2400)
------
DAILY TOTAL 0
2400
12/19/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 3 12/22/97 420.40 1261.20 2400
MATURITIES ( 2400)
------
DAILY TOTAL 0
2400
<PAGE>
12/22/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/23/97 420.40 420.40 2400
MONEYPOOL MONEYPOOL NEW MONEY 6.306% 6.306% 1 12/23/97 8.76 8.76 50
------
TOTAL BORROWINGS 2450
MATURITIES ( 2400)
------
DAILY TOTAL 50
2450
12/23/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/24/97 420.40 420.40 2400
MATURITIES ( 2450)
------
DAILY TOTAL ( 50)
2400
12/24/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 2 12/26/97 420.40 840.80 2400
MATURITIES ( 2400)
------
DAILY TOTAL 0
2400
12/26/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 3 12/29/97 420.40 1261.20 2400
MATURITIES ( 2400)
------
DAILY TOTAL 0
2400
12/29/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/30/97 420.40 420.40 2400
MATURITIES ( 2400)
------
DAILY TOTAL 0
2400
12/30/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 12/31/97 420.40 420.40 2400
MATURITIES ( 2400)
------
DAILY TOTAL 0
2400
12/31/97:
MONEYPOOL MONEYPOOL ROLLOVER 6.306% 6.306% 1 1/ 1/98 420.40 420.40 2400
MATURITIES ( 2400)
------
DAILY TOTAL 0
2400
TEMPORARY BORROWING STATISTICS
------------------------------
10/ 1/97 TO 12/31/97
--------------------
BORROWINGS AT 12/31/97 $ 2400000
</TABLE>
<PAGE>
<TABLE>
NEW ENGLAND HYDRO-TRANSMISSION CORP.
BORROWING LOG
<CAPTION>
TYPE OF INT. RATE # MATURITY DAILY TOTAL $000'S CUM
DATE INSTRUMENT INSTITUTION TRANSACTION NOM. EFFEC. DAYS DATE INTEREST INTEREST INVESTED AMOUNT
---- ---------- ----------- ----------- ------------ ---- ---- -------- -------- -------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BEGINNING TOTAL @ 10/ 1/97 0
</TABLE>
<PAGE>
<TABLE>
NANTUCKET ELECTRIC COMPANY
BORROWING LOG
<CAPTION>
TYPE OF INT. RATE # MATURITY DAILY TOTAL $000'S CUM
DATE INSTRUMENT INSTITUTION TRANSACTION NOM. EFFEC. DAYS DATE INTEREST INTEREST INVESTED AMOUNT
---- ---------- ----------- ----------- ------------ ---- ---- -------- -------- -------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BEGINNING TOTAL @ 10/ 1/97 300
10/ 1/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/ 2/97 49.48 49.48 300
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/ 2/97 4.12 4.12 25
------
TOTAL BORROWINGS 325
MATURITIES ( 300)
------
DAILY TOTAL 25
325
10/ 2/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/ 3/97 45.35 45.35 275
MATURITIES ( 325)
------
DAILY TOTAL ( 50)
275
10/ 3/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 3 10/ 6/97 45.35 136.06 275
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 3 10/ 6/97 8.25 24.74 50
------
TOTAL BORROWINGS 325
MATURITIES ( 275)
------
DAILY TOTAL 50
325
10/ 6/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/ 7/97 53.60 53.60 325
MATURITIES ( 325)
------
DAILY TOTAL 0
325
10/ 7/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/ 8/97 53.60 53.60 325
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/ 8/97 8.25 8.25 50
------
TOTAL BORROWINGS 375
MATURITIES ( 325)
------
DAILY TOTAL 50
375
10/ 8/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/ 9/97 53.60 53.60 325
MATURITIES ( 375)
------
DAILY TOTAL ( 50)
325
<PAGE>
10/ 9/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/10/97 41.23 41.23 250
MATURITIES ( 325)
------
DAILY TOTAL ( 75)
250
10/10/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 4 10/14/97 37.11 148.43 225
MATURITIES ( 250)
------
DAILY TOTAL ( 25)
225
10/14/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/15/97 32.98 32.98 200
MATURITIES ( 225)
------
DAILY TOTAL ( 25)
200
10/15/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/16/97 20.61 20.61 125
MATURITIES ( 200)
------
DAILY TOTAL ( 75)
125
10/16/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/17/97 20.61 20.61 125
MATURITIES ( 125)
------
DAILY TOTAL 0
125
10/17/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 3 10/20/97 20.61 61.84 125
MATURITIES ( 125)
------
DAILY TOTAL 0
125
10/20/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/21/97 12.37 12.37 75
MATURITIES ( 125)
------
DAILY TOTAL ( 50)
75
10/21/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/22/97 12.37 12.37 75
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/22/97 8.25 8.25 50
------
TOTAL BORROWINGS 125
MATURITIES ( 75)
------
DAILY TOTAL 50
125
<PAGE>
10/22/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/23/97 20.61 20.61 125
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/23/97 4.12 4.12 25
------
TOTAL BORROWINGS 150
MATURITIES ( 125)
------
DAILY TOTAL 25
150
10/23/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/24/97 24.74 24.74 150
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/24/97 8.25 8.25 50
------
TOTAL BORROWINGS 200
MATURITIES ( 150)
------
DAILY TOTAL 50
200
10/24/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 3 10/27/97 12.37 37.11 75
MATURITIES ( 200)
------
DAILY TOTAL ( 125)
75
10/27/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/28/97 8.25 8.25 50
MATURITIES ( 75)
------
DAILY TOTAL ( 25)
50
10/28/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/29/97 4.12 4.12 25
MATURITIES ( 50)
------
DAILY TOTAL ( 25)
25
10/29/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/30/97 4.12 4.12 25
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/30/97 8.25 8.25 50
------
TOTAL BORROWINGS 75
MATURITIES ( 25)
------
DAILY TOTAL 50
75
10/30/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/31/97 4.12 4.12 25
MATURITIES ( 75)
------
DAILY TOTAL ( 50)
25
10/31/97:
MATURITIES ( 25)
0
12/31/97:
MONEYPOOL MONEYPOOL NEW MONEY 6.306% 6.306% 1 1/ 1/98 4.38 4.38 25
25
<PAGE>
TEMPORARY BORROWING STATISTICS
------------------------------
10/ 1/97 TO 12/31/97
--------------------
BORROWINGS AT 12/31/97 $ 25000
</TABLE>
<PAGE>
<TABLE>
NEW ENGLAND POWER SERVICE COMPANY
BORROWING LOG
<CAPTION>
TYPE OF INT. RATE # MATURITY DAILY TOTAL $000'S CUM
DATE INSTRUMENT INSTITUTION TRANSACTION NOM. EFFEC. DAYS DATE INTEREST INTEREST INVESTED AMOUNT
---- ---------- ----------- ----------- ------------ ---- ---- -------- -------- -------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BEGINNING TOTAL @ 10/ 1/97 2800
10/ 1/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/ 2/97 461.77 461.77 2800
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/ 2/97 74.21 74.21 450
------
TOTAL BORROWINGS 3250
MATURITIES ( 2800)
------
DAILY TOTAL 450
3250
10/ 2/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/ 3/97 535.98 535.98 3250
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/ 3/97 37.11 37.11 225
------
TOTAL BORROWINGS 3475
MATURITIES ( 3250)
------
DAILY TOTAL 225
3475
10/ 3/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 3 10/ 6/97 140.18 420.54 850
MATURITIES ( 3475)
------
DAILY TOTAL ( 2625)
850
10/ 6/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/ 7/97 140.18 140.18 850
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/ 7/97 259.74 259.74 1575
------
TOTAL BORROWINGS 2425
MATURITIES ( 850)
------
DAILY TOTAL 1575
2425
10/ 7/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/ 8/97 399.92 399.92 2425
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/ 8/97 82.46 82.46 500
------
TOTAL BORROWINGS 2925
MATURITIES ( 2425)
------
DAILY TOTAL 500
2925
<PAGE>
10/ 8/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/ 9/97 482.38 482.38 2925
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/ 9/97 28.86 28.86 175
------
TOTAL BORROWINGS 3100
MATURITIES ( 2925)
------
DAILY TOTAL 175
3100
10/ 9/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/10/97 511.24 511.24 3100
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/10/97 20.61 20.61 125
------
TOTAL BORROWINGS 3225
MATURITIES ( 3100)
------
DAILY TOTAL 125
3225
10/10/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 4 10/14/97 103.07 412.29 625
MATURITIES ( 3225)
------
DAILY TOTAL ( 2600)
625
10/14/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/15/97 103.07 103.07 625
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/15/97 94.83 94.83 575
------
TOTAL BORROWINGS 1200
MATURITIES ( 625)
------
DAILY TOTAL 575
1200
10/15/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/16/97 197.90 197.90 1200
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/16/97 49.48 49.48 300
------
TOTAL BORROWINGS 1500
MATURITIES ( 1200)
------
DAILY TOTAL 300
1500
10/16/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/17/97 193.78 193.78 1175
MATURITIES ( 1500)
------
DAILY TOTAL ( 325)
1175
10/17/97:
MATURITIES ( 1175)
0
10/21/97:
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/22/97 288.60 288.60 1750
1750
<PAGE>
10/22/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/23/97 86.58 86.58 525
MATURITIES ( 1750)
------
DAILY TOTAL ( 1225)
525
10/23/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/24/97 86.58 86.58 525
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/24/97 148.43 148.43 900
------
TOTAL BORROWINGS 1425
MATURITIES ( 525)
------
DAILY TOTAL 900
1425
10/24/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 3 10/27/97 235.01 705.02 1425
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 3 10/27/97 74.21 222.64 450
------
TOTAL BORROWINGS 1875
MATURITIES ( 1425)
------
DAILY TOTAL 450
1875
10/27/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/28/97 309.22 309.22 1875
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/28/97 284.48 284.48 1725
------
TOTAL BORROWINGS 3600
MATURITIES ( 1875)
------
DAILY TOTAL 1725
3600
10/28/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/29/97 210.27 210.27 1275
MATURITIES ( 3600)
------
DAILY TOTAL ( 2325)
1275
10/29/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/30/97 210.27 210.27 1275
MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/30/97 206.15 206.15 1250
------
TOTAL BORROWINGS 2525
MATURITIES ( 1275)
------
DAILY TOTAL 1250
2525
10/30/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/31/97 391.68 391.68 2375
MATURITIES ( 2525)
------
DAILY TOTAL ( 150)
2375
10/31/97:
MATURITIES ( 2375)
0
<PAGE>
TEMPORARY BORROWING STATISTICS
------------------------------
10/ 1/97 TO 12/31/97
--------------------
BORROWINGS AT 12/31/97 $ 0
</TABLE>
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