TABLE III.B3.--ESTIMATED OPERATIONS OF THE COMBINED OASI AND DI

TRUST FUNDS IN CURRENT DOLLARS BY ALTERNATIVE,

CALENDAR YEARS 1998-2075

[In billions] Investing 30% of Annual Surplus

7.5% of Total Market Value Limit on Stocks Owned by Social Security before stopping new investments

Projections Under Current System of Investing Solely in U.S. Govt. Sevurities

Administrative Costs determined by using 5% of total amount invested in stocks

	Low Cost		High Cost		% Differenc
	Alternative		Alternativ		Between	Low Cost
	Income		Income		Low Cost &	Alternat
	excluding	Percent	excluding	Percent	High Cost	Interest	Percent
	interest	Change	interest	Change	Alternative	income	Change
					(*) 1998-20
1997
1998	$436.90		$433.90		99.31%	$49.10
1999	446.8	102.27%	424.4	97.81%	94.99%	53	107.94%
2000	455.9	102.04%	429.3	101.15%	94.17%	57.4	108.30%
2001	466.6	102.35%	431.5	100.51%	92.48%	62.6	109.06%
2002	476.3	102.08%	422.1	97.82%	88.62%	68.4	109.27%
2003	486.4	102.12%	429	101.63%	88.20%	74.8	109.36%
2004	496.6	102.10%	436.9	101.84%	87.98%	81.3	108.69%
2005	508.3	102.36%	444.3	101.69%	87.41%	88.4	108.73%
2006	519.1	102.12%	449.3	101.13%	86.55%	95.9	108.48%
2007	532.5	102.58%	455.3	101.34%	85.50%	103.9	108.34%
2008	544.3	102.22%	460.2	101.08%	84.55%	112.5	108.28%
2009	557.2	102.37%	465.6	101.17%	83.56%	121.4	107.91%
2010	569.9	102.28%	471.1	101.18%	82.66%	130.4	107.41%
2011	582.6	102.23%	476.1	101.06%	81.72%	139.6	107.06%
2012	595	102.13%	480.7	100.97%	80.79%	148.9	106.66%
2013	606.8	101.98%	485	100.89%	79.93%	158.2	106.25%
2014	618.8	101.98%	488.9	100.80%	79.01%	167.3	105.75%
2015	630.4	101.87%	492.8	100.80%	78.17%	176.1	105.26%
2016	642	101.84%	496.4	100.73%	77.32%	184.6	104.83%
2017	653.6	101.81%	499.9	100.71%	76.48%	192.6	104.33%
2018	665.1	101.76%	502.9	100.60%	75.61%	200.1	103.89%
2019	676.8	101.76%	505.9	100.60%	74.75%	207.1	103.50%
2020	688.7	101.76%	508.7	100.55%	73.86%	213.5	103.09%
2021	700.7	101.74%	511.4	100.53%	72.98%	219.2	102.67%
2022	712.6	101.70%				224.4	102.37%
2023	724.6	101.68%				229.2	102.14%
2024	737.2	101.74%				233.3	101.79%
2025	750	101.74%				236.8	101.50%
2026	763.2	101.76%				239.7	101.22%
2027	777	101.81%				242	100.96%
2028	791.8	101.90%				243.8	100.74%
2029	807.1	101.93%				245.3	100.62%
2030	822.9	101.96%				246.4	100.45%
2031	839.2	101.98%				247.3	100.37%
2032	856.1	102.01%				247.9	100.24%
2033	873.5	102.03%				248.4	100.20%
2034	891	102.00%				248.8	100.16%
2035	908.7	101.99%				249.3	100.20%
2036	926.8	101.99%				249.8	100.20%
2037	945.5	102.02%				250.6	100.32%
2038	964.8	102.04%				251.5	100.36%
2039	984.4	102.03%				252.7	100.48%
2040	1,004.00	101.99%				254.2	100.59%
2041	1,023.90	101.98%				256.1	100.75%
2042	1,044.20	101.98%				258.2	100.82%
2043	1,064.70	101.96%				260.7	100.97%
2044	1,085.60	101.96%				263.4	101.04%
2045	1,106.80	101.95%				266.5	101.18%
2046	1,128.40	101.95%				269.7	101.20%
2047	1,150.40	101.95%				273.2	101.30%
2048	1,172.90	101.96%				277	101.39%
2049	1,195.80	101.95%				280.9	101.41%
2050	1,219.10	101.95%				285.1	101.50%
2051	1,242.80	101.94%				289.4	101.51%
2052	1,267.20	101.96%				293.9	101.55%
2053	1,292.40	101.99%				298.4	101.53%
2054	1,317.90	101.97%				303	101.54%
2055	1,344.00	101.98%				307.7	101.55%
2056	1,370.50	101.97%				312.4	101.53%
2057	1,397.80	101.99%				317.2	101.54%
2058	1,425.80	102.00%				322.1	101.54%
2059	1,454.60	102.02%				327.1	101.55%
2060	1,483.90	102.01%				332.4	101.62%
2061	1,513.80	102.01%				337.8	101.62%
2062	1,544.50	102.03%				343.5	101.69%
2063	1,575.70	102.02%				349.4	101.72%
2064	1,607.60	102.02%				355.7	101.80%
2065	1,640.20	102.03%				362.2	101.83%
2066	1,673.40	102.02%				369.1	101.91%
2067	1,707.10	102.01%				376.3	101.95%
2068	1,741.60	102.02%				383.8	101.99%
2069	1,776.40	102.00%				391.7	102.06%
2070	1,811.90	102.00%				399.9	102.09%
2071	1,848.10	102.00%				408.3	102.10%
2072	1,884.60	101.98%				417.1	102.16%
2073	1,922.00	101.98%				426.1	102.16%
2074	1,960.10	101.98%				435.4	102.18%
2075	1,998.90	101.98%				444.8	102.16%

			% Differen					% Differen
	High Cost		Between	Low Cost		High Cos		Between
	Alternative		Low Cost &	Alternativ		Alternat		Low Cost &
	Interest	Percent	High Cost	Total	Percent	Total	Percent	High Cost
	income	Change	Alternativ	income	Change	income	Change	Alternativ
1997
1998	$49.30		100.41%	$486.00		$483.20		99.42%
1999	52.2	105.88%	98.49%	499.8	102.84%	476.6	98.63%	95.36%
2000	55.6	106.51%	96.86%	513.2	102.68%	484.8	101.72%	94.47%
2001	60.3	108.45%	96.33%	529.2	103.12%	491.8	101.44%	92.93%
2002	64.8	107.46%	94.74%	544.7	102.93%	486.9	99.00%	89.39%
2003	67.7	104.48%	90.51%	561.2	103.03%	496.7	102.01%	88.51%
2004	69.8	103.10%	85.85%	577.9	102.98%	506.6	101.99%	87.66%
2005	71.4	102.29%	80.77%	596.7	103.25%	515.7	101.80%	86.43%
2006	72.6	101.68%	75.70%	615	103.07%	521.9	101.20%	84.86%
2007	73.2	100.83%	70.45%	636.4	103.48%	528.6	101.28%	83.06%
2008	72.8	99.45%	64.71%	656.7	103.19%	533	100.83%	81.16%
2009	71.9	98.76%	59.23%	678.5	103.32%	537.5	100.84%	79.22%
2010	70.3	97.77%	52.30%	700.4	103.23%	541.4	100.73%	77.30%
2011	68.2	97.01%	46.85%	722.2	103.11%	544.3	100.54%	75.37%
2012	65.4	95.89%	43.92%	743.9	103.00%	546.1	100.33%	73.41%
2013	63	96.33%	39.82%	765	102.84%	548	100.35%	71.63%
2014	59.9	95.08%	35.80%	786.1	102.76%	548.7	100.13%	69.80%
2015	55.8	93.16%	28.85%	806.6	102.61%	548.6	99.98%	68.01%
2016	50.8	91.04%	24.21%	826.6	102.48%	547.2	99.74%	66.20%
2017	44.7	87.99%	19.52%	846.2	102.37%	544.7	99.54%	64.37%
2018	37.6	84.12%	18.79%	865.3	102.26%	540.5	99.23%	62.46%
2019	29.2	77.66%	14.10%	883.9	102.15%	535.1	99.00%	60.54%
2020	19.6	67.12%	9.18%	902.1	102.06%	528.3	98.73%	58.56%
2021	8.7	44.39%	0.00%	919.9	101.97%	520.1	98.45%	56.54%
2022				937.1	101.87%
2023				953.7	101.77%
2024				970.5	101.76%
2025				986.8	101.68%
2026				1,002.90	101.63%
2027				1,019.00	101.61%
2028				1,035.70	101.64%
2029				1,052.40	101.61%
2030				1,069.30	101.61%
2031				1,086.50	101.61%
2032				1,104.00	101.61%
2033				1,121.90	101.62%
2034				1,139.80	101.60%
2035				1,158.00	101.60%
2036				1,176.60	101.61%
2037				1,196.00	101.65%
2038				1,216.30	101.70%
2039				1,237.10	101.71%
2040				1,258.20	101.71%
2041				1,280.00	101.73%
2042				1,302.40	101.75%
2043				1,325.40	101.77%
2044				1,349.10	101.79%
2045				1,373.30	101.79%
2046				1,398.10	101.81%
2047				1,423.60	101.82%
2048				1,449.90	101.85%
2049				1,476.80	101.86%
2050				1,504.20	101.86%
2051				1,532.20	101.86%
2052				1,561.00	101.88%
2053				1,590.70	101.90%
2054				1,620.90	101.90%
2055				1,651.70	101.90%
2056				1,682.90	101.89%
2057				1,715.00	101.91%
2058				1,747.90	101.92%
2059				1,781.70	101.93%
2060				1,816.30	101.94%
2061				1,851.60	101.94%
2062				1,888.00	101.97%
2063				1,925.10	101.97%
2064				1,963.30	101.98%
2065				2,002.40	101.99%
2066				2,042.40	102.00%
2067				2,083.40	102.01%
2068				2,125.40	102.02%
2069				2,168.10	102.01%
2070				2,211.70	102.01%
2071				2,256.40	102.02%
2072				2,301.80	102.01%
2073				2,348.20	102.02%
2074				2,395.50	102.01%
2075				2,443.70	102.01%

					% Differenc	Low Cost
					Between	Alternat
	Low Cost		High Cost		Low Cost &	Assets
	Alternative	Percent	Alternativ	Percent	High Cost	at end	Percent
	Outgo	Change	Outgo	Change	Alternative	of year	Change
1997
1998	$382.00		$384.20		100.58%	$759.50
1999	385.6	100.94%	387.4	100.83%	100.47%	858.4	113.02%
2000	391.9	101.63%	390.2	100.72%	99.57%	960.7	111.92%
2001	398.1	101.58%	398.4	102.10%	100.08%	1,069.30	111.30%
2002	405.7	101.91%	413.7	103.84%	101.97%	1,182.60	110.60%
2003	413.5	101.92%	423.5	102.37%	102.42%	1,301.90	110.09%
2004	421.6	101.96%	433.6	102.38%	102.85%	1,426.30	109.56%
2005	430.8	102.18%	444	102.40%	103.06%	1,557.40	109.19%
2006	439.7	102.07%	454.4	102.34%	103.34%	1,694.70	108.82%
2007	449.8	102.30%	466.4	102.64%	103.69%	1,840.20	108.59%
2008	461.7	102.65%	477.6	102.40%	103.44%	1,990.30	108.16%
2009	475.8	103.05%	490.6	102.72%	103.11%	2,144.60	107.75%
2010	490.9	103.17%	504.1	102.75%	102.69%	2,301.70	107.33%
2011	506.9	103.26%	517.8	102.72%	102.15%	2,460.90	106.92%
2012	524.6	103.49%	532.7	102.88%	101.54%	2,620.30	106.48%
2013	543.9	103.68%	548.3	102.93%	100.81%	2,777.40	106.00%
2014	564.7	103.82%	564.6	102.97%	99.98%	2,931.10	105.53%
2015	586.8	103.91%	581.6	103.01%	99.11%	3,079.40	105.06%
2016	610.4	104.02%	599.2	103.03%	98.17%	3,220.50	104.58%
2017	635.1	104.05%	617.2	103.00%	97.18%	3,353.10	104.12%
2018	659.9	103.90%	636.7	103.16%	96.48%	3,476.70	103.69%
2019	685.3	103.85%	656.4	103.09%	95.78%	3,590.50	103.27%
2020	711	103.75%	675.8	102.96%	95.05%	3,694.10	102.89%
2021	736.6	103.60%	694.9	102.83%	94.34%	3,787.20	102.52%
2022	759.7	103.14%				3,872.20	102.24%
2023	783.5	103.13%				3,948.00	101.96%
2024	809.3	103.29%				4,012.90	101.64%
2025	834.8	103.15%				4,067.10	101.35%
2026	859.9	103.01%				4,110.90	101.08%
2027	884.2	102.83%				4,145.50	100.84%
2028	907.2	102.60%				4,172.90	100.66%
2029	929.3	102.44%				4,194.20	100.51%
2030	950.6	102.29%				4,210.60	100.39%
2031	971.4	102.19%				4,223.00	100.29%
2032	992	102.12%				4,232.00	100.21%
2033	1,011.50	101.97%				4,239.20	100.17%
2034	1,029.50	101.78%				4,246.10	100.16%
2035	1,046.40	101.64%				4,254.10	100.19%
2036	1,062.80	101.57%				4,264.20	100.24%
2037	1,078.70	101.50%				4,277.50	100.31%
2038	1,094.30	101.45%				4,295.10	100.41%
2039	1,109.40	101.38%				4,318.00	100.53%
2040	1,124.40	101.35%				4,346.50	100.66%
2041	1,140.00	101.39%				4,380.50	100.78%
2042	1,156.40	101.44%				4,419.60	100.89%
2043	1,173.60	101.49%				4,463.70	101.00%
2044	1,191.50	101.53%				4,512.40	101.09%
2045	1,210.00	101.55%				4,565.70	101.18%
2046	1,229.10	101.58%				4,623.30	101.26%
2047	1,249.20	101.64%				4,685.00	101.33%
2048	1,270.20	101.68%				4,750.40	101.40%
2049	1,291.80	101.70%				4,819.50	101.45%
2050	1,314.40	101.75%				4,891.80	101.50%
2051	1,338.30	101.82%				4,966.40	101.53%
2052	1,363.70	101.90%				5,042.60	101.53%
2053	1,390.00	101.93%				5,120.40	101.54%
2054	1,417.20	101.96%				5,199.10	101.54%
2055	1,445.00	101.96%				5,279.00	101.54%
2056	1,473.20	101.95%				5,359.90	101.53%
2057	1,501.90	101.95%				5,442.30	101.54%
2058	1,530.80	101.92%				5,526.60	101.55%
2059	1,559.80	101.89%				5,613.80	101.58%
2060	1,588.90	101.87%				5,704.20	101.61%
2061	1,618.20	101.84%				5,798.50	101.65%
2062	1,647.80	101.83%				5,897.30	101.70%
2063	1,677.80	101.82%				6,000.80	101.76%
2064	1,708.30	101.82%				6,109.50	101.81%
2065	1,739.20	101.81%				6,223.60	101.87%
2066	1,770.90	101.82%				6,343.30	101.92%
2067	1,803.30	101.83%				6,468.80	101.98%
2068	1,836.40	101.84%				6,600.00	102.03%
2069	1,870.50	101.86%				6,736.60	102.07%
2070	1,905.60	101.88%				6,878.50	102.11%
2071	1,941.70	101.89%				7,025.50	102.14%
2072	1,978.90	101.92%				7,176.90	102.16%
2073	2,017.40	101.95%				7,332.60	102.17%
2074	2,057.10	101.97%				7,492.20	102.18%
2075	2,098.00	101.99%				7,655.20	102.18%

	High Cost
	Alternative	High Cost
	Assets	Alternative
	at end	Assets		% Differen	Low Cost
	of year	at end		Between	Alternative
	(Numbers	of year		Low Cost &	Annual
	from Adding	(Numbers	Percent	High Cost	Surplus /	Percent
	Prev. Yr.'s	Provided	Change	Alternativ	(Deficit)	Change
	Assets & Surpl	by Soc. Sec
1997
1998		$754.50		99.34%	104.00
1999	843.70	816.1	108.16%	95.07%	114.20	109.81%
2000	938.30	869	106.48%	90.45%	121.30	106.22%
2001	1,031.70	913.5	105.12%	85.43%	131.10	108.08%
2002	1,104.90	946.3	103.59%	80.02%	139.00	106.03%
2003	1,178.10	978.6	103.41%	75.17%	147.70	106.26%
2004	1,251.10	1,009.30	103.14%	70.76%	156.30	105.82%
2005	1,322.80	1,037.50	102.79%	66.62%	165.90	106.14%
2006	1,390.30	1,060.30	102.20%	62.57%	175.30	105.67%
2007	1,452.50	1,077.10	101.58%	58.53%	186.60	106.45%
2008	1,507.90	1,086.20	100.84%	54.57%	195.00	104.50%
2009	1,554.80	1,086.30	100.01%	50.65%	202.70	103.95%
2010	1,592.10	1,076.90	99.13%	46.79%	209.50	103.35%
2011	1,618.60	1,057.00	98.15%	42.95%	215.30	102.77%
2012	1,632.00	1,024.90	96.96%	39.11%	219.30	101.86%
2013	1,631.70	980.5	95.67%	35.30%	221.10	100.82%
2014	1,615.80	922.3	94.06%	31.47%	221.40	100.14%
2015	1,582.80	849.6	92.12%	27.59%	219.80	99.28%
2016	1,530.80	761	89.57%	23.63%	216.20	98.36%
2017	1,458.30	655.6	86.15%	19.55%	211.10	97.64%
2018	1,362.10	531.2	81.03%	15.28%	205.40	97.30%
2019	1,240.80	387.1	72.87%	10.78%	198.60	96.69%
2020	1,093.30	223	57.61%	6.04%	191.10	96.22%
2021	918.50	38.6	17.31%	1.02%	183.30	95.92%
2022				0.00%	177.40	96.78%
2023				0.00%	170.20	95.94%
2024				0.00%	161.20
2025				0.00%	152.00
2026					143.00
2027					134.80
2028					128.50
2029					123.10
2030					118.70
2031					115.10
2032					112.00
2033					110.40
2034					110.30
2035					111.60
2036					113.80
2037					117.30
2038					122.00
2039					127.70
2040					133.80
2041					140.00
2042					146.00
2043					151.80
2044					157.60
2045					163.30
2046					169.00
2047					174.40
2048					179.70
2049					185.00
2050					189.80
2051					193.90
2052					197.30
2053					200.70
2054					203.70
2055					206.70
2056					209.70
2057					213.10
2058					217.10
2059					221.90
2060					227.40
2061					233.40
2062					240.20
2063					247.30
2064					255.00
2065					263.20
2066					271.50
2067					280.10
2068					289.00
2069					297.60
2070					306.10
2071
2072
2073
2074
2075

	High Cost		% Differen
	Alternative		Between
	Annual		Low Cost &
	Surplus /	Percent	High Cost
	(Deficit)	Change	Alternativ
1997
1998	99.00		95.19%
1999	89.20	90.10%	78.11%
2000	94.60	106.05%	77.99%
2001	93.40	98.73%	71.24%
2002	73.20	78.37%	52.66%
2003	73.20	100.00%	49.56%
2004	73.00	99.73%	46.71%
2005	71.70	98.22%	43.22%
2006	67.50	94.14%	38.51%
2007	62.20	92.15%	33.33%
2008	55.40	89.07%	28.41%
2009	46.90	-84.66%	23.14%
2010	37.30	-79.53%	17.80%
2011	26.50	-71.05%	12.31%
2012	13.40	-50.57%	6.11%
2013	(0.30)	2.24%	-0.14%
2014	(15.90)	-5300.00%	-7.18%
2015	(33.00)	-207.55%	-15.01%
2016	(52.00)	-157.58%	-24.05%
2017	(72.50)	-139.42%	-34.34%
2018	(96.20)	-132.69%	-46.84%
2019	(121.30)	-126.09%	-61.08%
2020	(147.50)	-121.60%	-77.18%
2021	(174.80)	-118.51%	-95.36%
2022	0.00
2023	0.00
2024	0.00
2025	0.00
2026	0.00
2027	0.00
2028	0.00
2029	0.00
2030	0.00
2031	0.00
2032	0.00
2033	0.00
2034	0.00
2035	0.00
2036	0.00
2037	0.00
2038	0.00
2039	0.00
2040	0.00
2041	0.00
2042	0.00
2043	0.00
2044	0.00
2045	0.00
2046	0.00
2047	0.00
2048	0.00
2049	0.00
2050	0.00
2051	0.00
2052	0.00
2053	0.00
2054	0.00
2055	0.00
2056	0.00
2057	0.00
2058	0.00
2059	0.00
2060	0.00
2061	0.00
2062	0.00
2063	0.00
2064	0.00
2065	0.00
2066	0.00
2067	0.00
2068	0.00
2069	0.00
2070	0.00
2071
2072
2073
2074
2075