Huron Valley Community Network

Income Statement

For the Twelve Months Ending December 31, 1999

                            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    $    3.00    $    0.00
   Membership dues              25.00         0.00       310.00     1,000.00
   Investment Income            15.40         0.00       140.63         0.00
   Miscellaneous Income          0.00         0.00         0.00     4,554.00
                            _________    _________    _________    _________
   Total Revenues               40.40         0.00       453.63     5,554.00
                            _________    _________    _________    _________

  Cost of Sales
                            _________    _________    _________    _________
   Total Cost of Sales           0.00         0.00         0.00         0.00
                            _________    _________    _________    _________
  Gross Profit                  40.40         0.00       453.63     5,554.00
                            _________    _________    _________    _________

  Expenses
   Office Expenses               0.00         0.00         0.00       120.00
   Management & General          0.00         0.00     1,045.00     1,035.00
   Depr Exp - Equipment          0.00         0.00         0.00         0.00
                            _________    _________    _________    _________
   Total Expenses                0.00         0.00     1,045.00     1,155.00
                            _________    _________    _________    _________
  Net Income                $   40.40    $    0.00    $ (591.37)   $4,399.00 
                            =========    =========    =========    =========

                          For Management Purposes Only