5 THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE MAY 31, 1998 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. THIS SCHEDULE INCLUDES RESTATED AMOUNTS FOR THE YEARS ENDED MAY 31, 1997 AND 1996 FOR EARNINGS PER SHARE, RELATED TO THE ADOPTION OF STATEMENT OF FINANCIAL ACCOUNITNG STANDARDS NO. 128, "EARNINGS PER SHARE", EFFECTIVE FOR PERIODS ENDING AFTER DECEMBER 15, 1997. IN ADDITION, ON MAY 22, 1998, PAYCHEX, INC., DISTRIBUTED A THREE-FOR-TWO STOCK SPLIT EFFECTED IN THE FORM OF A 50% STOCK DIVIDEND TO STOCKHOLDERS OF RECORD AS OF MAY 8, 1998. THEREFORE, ALL APPLICABLE AMOUNTS INCLUDED IN THIS SCHEDULE AFFECTED BY THE STOCK SPLIT HAVE BEEN ADJUSTED. 0000723531 PAYCHEX, INC. 1,000 YEAR YEAR YEAR MAY-31-1998 MAY-31-1997 MAY-31-1996 JUN-01-1997 JUN-01-1996 JUN-01-1995 MAY-31-1998 MAY-31-1997 MAY-31-1996 35,571 50,213 19,999 1,369,468 1,029,413 702,442 67,823 55,989 49,461 0 0 0 0 0 0 1,478,778 1,140,661 775,985 152,051 126,267 111,010 87,353 72,089 60,355 1,549,787 1,201,323 831,585 1,215,660 946,047 637,346 0 0 0 0 0 0 0 0 0 1,632 1,085 716 327,975 250,457 190,356 1,549,787 1,201,323 831,585 0 0 0 993,445 734,699 566,443 0 0 0 631,472 450,000 334,370 0 0 0 0 0 0 0 0 0 144,173 103,656 75,389 41,954 28,506 20,354 102,219 75,150 55,035 0 0 0 0 0 0 0 0 0 102,219 75,150 55,035 .63 .46 .34 .62 .46 .34 SECURITIES - Includes amounts related to Electronic Network Servics investments with a balance at May 31, 1998, 1997, and 1996 of $1,154,501, $896,633, and $599,475, respectively.