Table M-1 Net Financial Position of PBGC's Multiemployer Program (1980-2003)

Fiscal Year	Assets *(in millions)*	Liabilities *(in millions)*	Net Position *(in millions)*
1980	$21	$30	-$9
1981	28	29	-1
1982	40	29	11
1983	52	46	6
1984	61	44	17
1985	78	52	27
1986	98	54	45
1987	114	45	68
1988	129	37	92
1989	161	37	123
1990	190	58	132
1991	238	75	163
1992	283	114	169
1993	407	131	276
1994	378	181	197
1995	477	285	192
1996	505	381	124
1997	596	377	219
1998	745	404	341
1999	692	493	199
2000	694	427	267
2001	807	691	116
2002	944	786	158
2003	1,000	1,261	-261

Source: PBGC Annual Reports (1980-2003).
Due to rounding of individual items, numbers may not add exactly across columns.