Nine Months
                                                                                Ended September 30
                                                                               1998             1997
                                                                               ----             ----
CASH FLOWS FROM OPERATING ACTIVITIES
Income before taxes                                                         $ 6,176.6         $ 4,790.6
Adjustments to reconcile income before taxes to cash provided from
 operations before taxes:
  Acquired research                                                           1,039.5                --
  Gains on sales of businesses                                               (2,147.7)           (213.4)
  Depreciation and amortization                                                 763.0             629.3
  Other                                                                         316.7             419.3
  Net changes in assets and liabilities                                        (444.7)           (399.0)
                                                                            ---------         ---------
CASH PROVIDED BY OPERATING ACTIVITIES BEFORE TAXES                            5,703.4           5,226.8
INCOME TAXES PAID                                                            (1,639.0)           (866.2)
                                                                            ---------         ---------
NET CASH PROVIDED BY OPERATING ACTIVITIES                                     4,064.4           4,360.6
                                                                            ---------         ---------

CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures                                                         (1,297.5)           (989.5)
Purchase of securities, subsidiaries and other investments                  (21,671.1)        (19,003.7)
Proceeds from sale of securities, subsidiaries and other investments         19,964.6          18,036.8
Proceeds from sales of businesses                                             2,586.2             910.0
Other                                                                           423.3             (46.3)
                                                                            ---------         ---------
NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES                                  5.5          (1,092.7)
                                                                            ---------         ---------

CASH FLOWS FROM FINANCING ACTIVITIES
Net change in short-term borrowings                                            (465.6)            239.6
Proceeds from issuance of debt                                                1,879.3             646.0
Payments on debt                                                                (87.1)           (351.5)
Purchase of treasury stock                                                   (2,770.9)         (1,526.6)
Dividends paid to stockholders                                               (1,613.1)         (1,497.8)
Redemption of preferred stock of subsidiary                                        --          (1,000.0)
Other                                                                           290.0             203.7
                                                                            ---------         ---------
NET CASH USED BY FINANCING ACTIVITIES                                        (2,767.4)         (3,286.6)
                                                                            ---------         ---------

EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS                      1.7             (51.9)
                                                                            ---------         ---------

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                          1,304.2             (70.6)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR                                1,125.1           1,352.4
                                                                            ---------         ---------
CASH AND CASH EQUIVALENTS AT END OF PERIOD                                  $ 2,429.3         $ 1,281.8
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