Financial Highlights
Automatic Data Processing, Inc. and Subsidiaries

(In thousands, except per share amounts and number of employees)

Years ended June 30,	1997	1996	% Increase
Revenue	$4,112,186	$3,566,597	15%
Net earnings	$ 525,200(a)	$454,700	16%
Earnings per share	$ 1.80(a)	$1.57	15%
Cash dividends	$129,814	$112,116	16%
Cash dividends per share	$.445	$.3875	15%
Average number of common shares outstanding	290,990	288,967
Return on equity	20.6%	20.3%
At year end:
Cash, cash equivalents and marketable securities	$1,495,083	$1,098,620
Working capital	$785,450	$618,670
Total assets	$4,382,772	$3,839,885
Long-term debt	$401,162	$403,743
Shareholders' equity	$2,660,565	$2,315,346
Number of employees	30,000	29,000

(a) Before impact of non-recurring items, including an anticipated loss on the disposition of a business, a gain related to a returned client deposit and a provision to restructure the Brokerage front office business. Adjusted for the impact of these non-recurring items, net earnings were $513,500 and earnings per share was $1.76 (see Note 3).