Notes to Consolidated Financial Statements (Dollars in thousands, except per share amounts.)

(6) Cemetery Trust Funds and Escrow Accounts The following summary reflects the Company's merchandise trust fund and escrow account balances, as well as merchandise sold, but undelivered, at current cost. Merchandise sold, but undelivered, is reflected at current cost in the accompanying consolidated balance sheets net of the related merchandise trust fund and escrow account balances and accumulated earnings, except for $24,990 and $20,833 classified as long-term investments as of October 31, 1998 and 1997, respectively. These amounts represent the Company's voluntary deposits into escrow accounts in those jurisdictions where trust or escrow arrangements are neither statutorily nor contractually required. Amounts deposited in the trust funds and escrow accounts are invested, and the revenue on the funds (including net realized capital gains) of $13,157, $12,237 and $9,082 is reflected in cemetery revenue for 1998, 1997 and 1996, respectively. Amounts deposited in merchandise trust funds and escrow accounts that are invested in debt securities as of October 31, 1998 totaled $63,621 and are scheduled to mature as follows: $1,624 in less than one year; $31,475 in one through five years; $29,781 in five through ten years; and $741 in more than ten years. The following summary reflects the Company's perpetual care trust fund and escrow account balances. Since principal cannot be withdrawn, these balances are not reflected in the accompanying financial statements, except for $2,192 and $1,913, classified as long-term investments as of October 31, 1998 and 1997, respectively, which represent the Company's voluntary deposits into escrow accounts in those jurisdictions where trust or escrow arrangements are neither statutorily nor contractually required. Funds held in trust or escrow are invested, and the earnings withdrawn from the trust funds and escrow accounts are used for the maintenance of cemetery grounds. For the years ended October 31, 1998, 1997 and 1996, such withdrawals, included in cemetery revenue, totaled $12,615, $12,497 and $15,056, respectively.