Huron Valley Community Network

Income Statement

For the Twelve Months Ending December 31, 1997

                           Current Mo   Current Mo     Y-T-D        Y-T-D
                            This Year    Last Year    This Year    Last Year
  Revenues
   Contributions-Unrestrict. $   0.00    $    0.00    $  125.00    $  278.40
   Membership dues             125.00         0.00     1,025.00       200.00
                            _________    _________    _________    _________
   Total Revenues              125.00         0.00     1,150.00       478.40
                            _________    _________    _________    _________

  Cost of Sales
                            _________    _________    _________    _________
   Total Cost of Sales           0.00         0.00         0.00         0.00
                            _________    _________    _________    _________
  Gross Profit                 125.00         0.00     1,150.00       478.40
                            _________    _________    _________    _________

  Expenses
   Office Expenses              10.00        29.08       215.40       493.32
   Management & General          0.00         0.00     1,060.00        50.00
   Depr Exp - Equipment          0.00         0.00       300.00         0.00
                            _________    _________    _________    _________
   Total Expenses               10.00        29.08     1,575.40       543.92
                            _________    _________    _________    _________
  Net Income                $  115.00       <29.08>     <425.40>      <65.52>
                            =========    =========    =========    =========

                          For Management Purposes Only