H V C N

Huron Valley Community Network

Balance Sheet

February 28, 1998

                                       ASSETS

   Current Assets
   Checking Account - Regular           $    952.80
                                        ____________
    Total Current Assets                                             952.80
   Property and Equipment                      0.00
                                        ____________
    Total Property and Equipment                                       0.00
   Other Assets
                                        ____________
    Total Other Assets                                                 0.00
                                                                ____________
    Total Assets                                                $    952.80
                                                                ============


                                  LIABILITIES AND CAPITAL
   Current Liabilities
                                        _____________
    Total Current Liabilities                                          0.00
   Long-Term Liabilities
                                        _____________
    Total Long-Term Liabilities                                        0.00
                                                                ____________
    Total Liabilities                                                  0.00
   Capital
   Retained Earnings                    $    747.80
   Net Income                                205.00
                                        _____________
    Total Capital                                                    952.80
                                                                ____________
    Total Liabilities & Capital                                 $    952.80
                                                                ============

                   Unaudited - For Management Purposes Only