(FORTUNE Magazine) – DEMOGRAPHICS

GROSS CITY PRODUCT HOUSEHOLDS POPULATION (in billons) WITH 500k+ % change % change MILLIONAIRES INCOME 1990-97 1992-98 per 1000[1] 1990-97

NO. 1 AUSTIN* 1,066,796 $33.2 4.5 121.1% 26.1% 55.1% NO. 2 LAS VEGAS 1,244,232 $37.2 4.9 133.2% 45.9% 55.0% NO. 3 SALT LAKE CITY 1,234,855 $34.1 4.1 157.1% 15.2% 36.9% NO. 4 PHOENIX 2,815,051 $82.8 5.0 91.8% 25.8% 48.7% NO. 5 SAN JOSE 1,618,410 $84.6 7.3 95.1% 8.1% 32.2% NO. 6 RALEIGH 1,046,524 $35.7 4.9 167.9% 22.3% 29.8% NO. 7 PORTLAND 1,787,220 $57.5 5.1 120.7% 17.9% 39.9% NO. 8 ATLANTA 3,614,835 $128.4 4.7 70.8% 22.1% 35.2% NO. 9 DENVER 1,894,898 $65.7 5.4 122.4% 16.8% 26.1% NO. 10 GRAND RAPIDS 1,024,228 $28.7 4.8 131.5% 9.2% 28.1% BUSINESS CLIMATE

VENTURE JOB CAPITAL NEW GROWTH RAISED BUSINESS PROFESSIONAL LARGEST PRIVATE 1st half GROWTH[2] 1990-97 EMPLOYER POSHEST 1998 index Overall Number of BUSINESS (in mill.) 1 to 100 1990-97 employees HOTEL [NO. 1] $100.5 61 32.7% Dell Computer Four Seasons 29.9% 14,500

[NO. 2] $0.5 85 43.0% MGM Grand Bellagio 28.7% 8,600

[NO. 3] $12.9 88 22.4% Intermountain Wyndham 23.8% Health Care, 15,405

[NO. 4] $66.3 93 28.0% Motorola Royal Palms 17.8% 20,000 (Scottsdale)

[NO. 5] $2,070.4 44 3.0% Hewlett-Packard Fairmont 2.3% 16,000

[NO. 6] $113.9 75 28.5% Duke University & Siena 24.8% Medical Center, (Chapel Hill) 18,492

[NO. 7] $13.2 55 26.2% Intel River Place 18.3% 11,000

[NO. 8] $169.5 80 22.3% UPS Ritz-Carlton 16.9% 5,500 Buckhead

[NO. 9] $291.4 64 16.0% US West Brown Palace 18.0% Communications, 13,000

[NO. 10] $0.5 53 16.6% Meijer Amway Grand 14.4% 11,075 Plaza

COST OF LIVING NUMBER OF $500K HOMES PRIVATE HIGH THE HOME Increase SCHOOL TUITION $500,00 WILL BUY 1990-97 (day student)

[NO. 1] West Lake Hills: 3,250 sq. ft., 1,647 St. Stephen's Episcopal 4 br., 3 ba. 164.8% School, $12,450

[NO. 2] Sierra Vista Ranchos: 4,500 2,433 Meadows School sq. ft., 5 br., 3 ba. 198.9% $10,400

[NO. 3] Capitol Hill: 4,000 sq. ft., 1,689 Rowland Hall-St. 4 br., 3 ba. 295.6% Mark's, $9,460

[NO. 4] Paradise Valley: 3,200 sq. ft., 7,023 Judson School 4 br., 4 ba. 112.3% $11,200

[NO. 5] Woodside: 2,200 sq. ft., 68,851 Menlo School 3 br. , 2 ba. 92.4% $14,800

[NO. 6] Hayes Barton: 2,800 sq. ft., 1,434 Ravenscroft 3 br., 3 ba. 137.8% School, $9,375

[NO. 7] Dunthorp: 3,400 sq. ft., 5 br., 3,167 Catlin Gabel 3 ba. 239.8% School, $13,200

[NO. 8] Garden Hills: 3,500 sq. ft., 9,452 Lovett School 4 br., 2.5 ba. 70.1% $10,635

[NO. 9] Cherry Hills: 2,500 sq. ft., 4,532 Colorado Academy 3 br., 4 ba. 212.1% $11,480

[NO. 10] East Grand Rapids: 521 Grand Rapids 3,500 sq. ft.,4 br., 3.5 ba. 127.5% Christian High School, $4,515

QUALITY OF LIFE

VIOLENT CRIMES DAYS OF WIRED VS. CHIC % change POOR AIR HOTTEST Cyber- Purveyors 1991-96 QUALITY BAR cafes of caviar[3]

[AUSTIN] 521 0 Speakeasy 0 2 2.8% [LAS VEGAS] 927 13 Gordon Biersch 10 4 17.6% [SALT LAKE CITY] 422 6 Metropolitan 0 3 12.8% [PHOENIX] 668 10 The Famous Door 1 6 -13.4% [SAN JOSE] 562 2 Nola's 6 28 7.7% [RALEIGH] 571 0 The Warehouse 3 6 -10.6% [PORTLAND] 645 4 Oba 2 8 -19.2% [ATLANTA] 781 12 Otto's 3 4 -21.0% [DENVER] 460 1 Fado 2 1 -37.0% [GRAND RAPIDS] 490 4 The Sierra Room 2 7 -24.1%

THE BOTTOM LINE

[AUSTIN] There's a lively arts scene plus a slew of high-tech startups hoping to emulate the success of hometown hero Michael Dell.

[LAS VEGAS] Nongamblers flock to Vegas for world-class shopping and dining. The lack of a state tax is causing the FORTUNE 500 to follow suit.

[SALT LAKE CITY] After the 2002 Olympics, everyone will know that there's more to this tech hotbed than killer skiing and strict drinking laws.

[PHOENIX] No longer just for blue-hairs and golf aficionados, Phoenix boasts over 300 days of sun and phenomenal job growth.

[SAN JOSE] Silicon Valley has held its own against a posse of coast-to-coast wannabes--Silicon Deserts, Prairies, and Alleys.

[RALEIGH] With two new museums and an NHL hockey stadium on the way, this high-tech haven is also tops in quality of life.

[PORTLAND] Move over, Seattle: Thanks to beautiful surroundings, Nike, and semiconductors, it's not just for slackers anymore.

[ATLANTA] Sometimes their bragging can be a drag, but truth is, they have a lot to crow about: Coke, CNN, and one hell of an airport to boot.

[DENVER] They've got a hip new downtown, the Super Bowl-winning Broncos--and you can't beat that Rocky Mountain view.

[GRAND RAPIDS] As ergonomically correct office furniture becomes hipper than thou, Steelcase, Herman Miller, and Haworth are booming.

*Includes the entire Metropolitan statistical area for each city.

[1]Only income-producing assets were considered in determining millionaire status. [2]Measures the creation of new business and the increase in employment at firms that are less than ten years old. [3]This number includes only gourmet and specialty-foods shops.

SOURCES USED IN ARTHUR ANDERSEN'S SURVEY OF MAJOR CITIES: WOODS & POOLE; COGNETICS; CRIME IN THE UNITED STATES; NATIONAL AIR QUALITY AND EMISSIONS TRENDS REPORT; RFA; CLARITAS DATA SERVICES; EMPLOYMENT AND EARNINGS; NATIONAL VENTURE CAPITAL SURVEY, PRICEWATERHOUSECOOPERS; CITIES' CHAMBERS OF COMMERCE; LOCAL REAL ESTATE AGENTS