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To: Jenna who wrote (14797)	9/15/1998 6:30:00 PM
From: Jenna	Respond to of 120523

Paychex, Inc. Reports Record First Quarter Results beats street ROCHESTER, N.Y., Sept. 15 /PRNewswire/ -- Paychex, Inc. (Nasdaq: PAYX - news) today announced record net income of $31.4 million or $.19 diluted earnings per share for the first quarter ended August 31, 1998, a 36% increase over net income of $23.1 million or $.14 diluted earnings per share for the same period last year. Total service revenues were $139.3 million, an increase of 23% over $112.9 million for the same period last year.