ACXIOM CORPORATION AND SUBSIDIARIES
                                          CONDENSED CONSOLIDATED BALANCE SHEETS
                                                       (Unaudited)
                                                  (Dollars in thousands)

                                                                               June 30,                    March 31,
                                                                                 2003                         2003
                                                                          --------------------        ---------------------
                               Assets
Current assets:
  Cash and cash equivalents                                              $              4,862        $               5,491
  Trade accounts receivable, net                                                      184,122                      189,704
  Deferred income taxes                                                                46,056                       46,056

  Refundable income taxes                                                                 921                        2,576
  Other current assets                                                                 45,224                       45,288
                                                                          --------------------        ---------------------
     Total current assets                                                             281,185                      289,115

Property and equipment, net of accumulated depreciation and
    amortization                                                                      215,396                      208,306
Software, net of accumulated amortization                                              64,125                       63,095
Goodwill                                                                              221,522                      221,184
Purchased software licenses, net of accumulated amortization                          165,770                      161,432
Unbilled and notes receivable, excluding current portions                              17,472                       20,249
Deferred costs, net of accumulated amortization                                       122,848                      108,444
Other assets, net                                                                      23,840                       21,421
                                                                          --------------------        ---------------------
                                                                         $          1,112,158        $           1,093,246
                                                                          ====================        =====================

                Liabilities and Stockholders' Equity
Current liabilities:
  Current installments of long-term debt                                               39,420                       29,491
  Trade accounts payable                                                               38,108                       28,760
  Accrued expenses:
    Restructuring                                                                         445                          584
    Payroll                                                                            16,779                       14,234
    Other                                                                              37,601                       38,689
  Deferred revenue                                                                     54,519                       59,907
                                                                          --------------------        ---------------------
    Total current liabilities                                                         186,872                      171,665
                                                                          --------------------        ---------------------
Long-term obligations:
  Long-term debt and capital leases, net of current installments                      257,448                      233,843
  Software and data licenses, net of current installments                              60,901                       55,834
                                                                          --------------------        ---------------------
                                                                                      318,349                      289,677
                                                                          --------------------        ---------------------
Deferred income taxes                                                                  62,606                       69,348

Commitments and contingencies (note 12)

Stockholders' equity:
  Common stock                                                                          9,037                        9,015
  Additional paid-in capital                                                          336,393                      333,715
  Retained earnings                                                                   264,821                      253,558
  Accumulated other comprehensive loss                                                   (584)                      (2,911)
  Treasury stock, at cost                                                             (65,336)                     (30,821)
                                                                          --------------------        ---------------------
  Total stockholders' equity                                                          544,331                      562,556
                                                                          --------------------        ---------------------
                                                                         $          1,112,158        $           1,093,246
                                                                          ====================        =====================