We review the arguments that fundamental string states are in one to o
ne correspondence with black hole states. We demonstrate the power of
the assumption by showing that it implies that the statistical entropy
of a wide class of nonextreme black holes occurring in string theory
is proportional to the horizon area, However, the numerical coefficien
t relating the area and entropy only agrees with the Bekenstein-Hawkin
g formula if the central charge of the string is six which does not co
rrespond to any known string theory. Unlike the current D-brane method
s the method used in this paper is applicable for the case of Schwarzs
child and highly non-extreme charged black holes. (C) 1997 Published b
y Elsevier Science B.V.