NOTE 13    OTHER COMPREHENSIVE INCOME

The activity in other comprehensive income and related tax effects are as follows:

(In millions)
Year Ended June 30	2003)		2004)		2005)
Net gains/(losses) on derivative instruments:
Unrealized gains/(losses), net of tax effect of $(69) in 2003, $49 in         2004 and $(63) in 2005	$0(129)		$(0,092)		$(116)
Reclassification adjustment for losses included in net income, net of tax         effect of $15 in 2003, $5 in 2004 and $31 in 2005	27)		9)		58)
Net gains/(losses) on derivative instruments	(102)		101)		(58)
Net unrealized investment gains/(losses):
Unrealized holding gains/(losses), net of tax effect of $610 in 2003,         $(994) in 2004 and $(69) in 2005	1,132)		(1,846)		(128)
Reclassification adjustment for losses included in net income, net of tax         effect of $60 in 2003, $524 in 2004 and $269 in 2005	111)		973)		499)
Net unrealized investment gains/(losses)	1,243)		(873)		371)
Translation adjustments and other	116)		51)		(6)
Other comprehensive income /(loss)	$1,257)		$0,(721)		$(307)

The components of accumulated other comprehensive income were:

(In millions)	2004		2005
Year Ended June 30
Net gains on derivative instruments	$0,085		$0,027
Net unrealized investment gains	973		1,344
Translation adjustments and other	61		55
Accumulated other comprehensive income	$1,119		$1,426