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Financial Forecast Assumptions
General Electric Company (GE)
(Dollars and Shares in Millions, Except Per Share Amounts)

 Actual Forecast
  12 Months  
12/31/03  		 12 Months  
12/31/04  		 12 Months  
12/31/05  		   12 Months  
12/31/06  		 12 Months  
12/31/07  		 12 Months  
12/31/08  		 12 Months  
12/31/09  		 12 Months  
12/31/10  
 
Year-to-Year Change in Net Sales NA   19.1%   11.3%    
 
Gross Margin % 54.6%   54.1%   55.4%    
 
Operating Expenses as % of Net Sales 29.8%   30.7%   30.4%    
 
Other Income (Expense) * $1,470   $534   $(1,922)    

If you change an assumption in this set, your multi-year forecast and your intrinsic case results will change.