CITY OF REVERE, MASSACHUSETTS
Statement of Changes in Plan Net Assets
Year ended December 31, 1997
(in thousands)
Additions:
	Contributions:
		Employer		$	6,637
		Employee			1,300
			Total contributions		7,937
	Investment income:
		Realized and unrealized gains on investment			1,940
		Interest			5,708
			Total investment income		7,648
	Other income				52
			Total additions		15,637
Deductions:
	Benefits				8,237
	Refunds or contributions				202
	Administrative expenses				238
			Total deductions		8,677
			Net increase		6,960
Net assets held in trust for pension benefits:
	Beginning of year				43,593
	End of year			$	50,553
See accompanying notes to general purpose financial statements.