Huron Valley Community Network

Income Statement

For the Twelve Months Ending December 31, 1998

                            Current Mo   Current Mo     Y-T-D        Y-T-D
                            This Year    Last Year    This Year    Last Year
  Revenues
   Contributions-Unres.     $    0.00    $    0.00    $    0.00    $  125.00
   Membership dues               0.00       125.00      1000.00      1025.00
   Miscellaneous Income          0.00         0.00     4,554.00         0.00
                            _________    _________    _________    _________
   Total Revenues                0.00       125.00     5,554.00      1150.00
                            _________    _________    _________    _________

  Cost of Sales
                            _________    _________    _________    _________
   Total Cost of Sales           0.00         0.00         0.00         0.00
                            _________    _________    _________    _________
  Gross Profit                   0.00       125.00     5,554.00      1150.00
                            _________    _________    _________    _________

  Expenses
   Office Expenses               0.00        10.00       120.00       215.40
   Management & General          0.00         0.00     1,035.00     1,060.00
   Depr Exp - Equipment          0.00         0.00         0.00       300.00
                            _________    _________    _________    _________
   Total Expenses                0.00        10.00     1,155.00     1,575.40
                            _________    _________    _________    _________
  Net Income                $    0.00       115.00     4,399.00      (425.40)
                            =========    =========    =========    =========

                          For Management Purposes Only