UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND
                                                 A  MICHIGAN LIMITED PARTNERSHIP
STATEMENTS OF CASH FLOWS
     NINE MONTHS ENDED
    September 30, 2002 September 30,2001
(unaudited) (unaudited)
Cash Flows From Operating Activities:
  Net Income $827,287 $878,685
Adjustments To Reconcile Net Income
 To Net Cash Provided By
  Operating Activities:
  Depreciation 619,612 615,541
  Amortization 64,500 64,500
  (Increase) Decrease In Homes & Improvements 78,699 (319,320)
  (Increase) Decrease In Other Assets (287,092) (565,051)
  Increase (Decrease) In Accounts Payable 53,035 139,970
  Increase (Decrease) In Other Liabilities 269,553 362,198
Total Adjustments: 798,307 297,838
    Net Cash Provided By  
      Operating Activities 1,625,594 1,176,523
Cash Flows From  Investing Activities:
  Capital Expenditures (781,162) (89,003)
 Net Cash Provided By (Used In)
      Investing Activities  Activities (781,162) (89,003)
Cash Flows From Financing Activities:
  Net Payment  on Line of Credit (75,000) (29,245)
  Distributions To Partners (778,750) (770,313)
  Principal Payments on Mortgage (245,918) (226,113)
Net Cash Provided By (Used In) Financing Activites (1,099,668) (1,025,671)
        
Increase (Decrease) In Cash and Equivalents (255,236) 61,849
Cash and Equivalents, Beginning 902,752 476,829
Cash and Equivalents, Ending $647,516 $538,678
                                                  See Notes to Financial Statements
                                                                              5