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THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE MAY 31, 1997 CONSOLIDATED FINANCIAL STATEMENTS AND RELATED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OF PAYCHEX, INC., AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.

0000723531 PAYCHEX, INC. 1000 YEAR YEAR YEAR MAY-31-1997 MAY-31-1996 MAY-31-1995 JUN-01-1996 JUN-01-1995 JUN-01-1994 MAY-31-1997 MAY-31-1996 MAY-31-1995 50,213 19,999 14,812 1,029,413 702,442 543,791 55,989 49,461 41,610 0 0 0 0 0 0 1,140,661 775,985 602,842 162,267 111,010 89,149 72,089 60,355 45,148 1,201,323 831,585 647,366 946,047 637,346 502,833 0 0 728 0 0 0 0 0 0 1,085 716 470 250,457 190,356 141,506 1,201,323 831,585 647,366 0 0 0 734,699 566,443 412,066 0 0 0 450,000 334,370 221,616 0 0 0 0 0 0 0 0 0 103,656 75,389 55,722 28,506 20,354 15,333 75,150 55,035 40,389 0 0 0 0 0 0 0 0 0 75,150 55,035 40,389 .70 .51 .38 .70 .51 .38 SECURITIES - Includes amounts related to Electronic Network Servics investments with a balance at May 31, 1997, 1996 and 1995 of $896,633, $599,475 and $472,837, respectively. On August 26, 1997, Paychex, Inc., acquired all of the outstanding common stock of National Business Solutions, Inc. in exchange for 4,401,744 shares of Paychex common stock in a business combination accounted for as a pooling of interests. Fiscal years 1996 and 1995 have been restated to reflect this merger. Furthermore, prior to May 1997, the Company did not report the Electronic Network Services (ENS) funds as assets and liabilities based on its understanding of the nature of the funds and industry practices. The amount of funds held and related investments were disclosed in the notes to previously issued consolidated financial statements. Due to recent changes in case law, the Company restated previously reported consolidated financial statements to reflect the ENS funds and related client deposits as current asssets and current liabilities on the consolidated balance sheets. This restatement had no effect on previously reported net income or earnings per share. Includes $205 classified as current portion of long-term debt and $523 classified as long-term debt at May 31, 1995.