UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND
A  MICHIGAN LIMITED PARTNERSHIP
STATEMENTS OF CASH FLOWS
(Unaudited)
	THREE MONTHS ENDED
	March 31,2004	March 31, 2003
Cash Flows From Operating Activities:
Net Income	$36,463	$303,817
Adjustments To Reconcile Net Income
To Net Cash Provided By
Operating Activities:
Depreciation	217,214	207,912
Amortization	21,500	21,500
(Increase) Decrease in Homes and Improvements	(332,215)	37,504
(Increase) Decrease In Other Assets	112,579	(286,561)
Increase  (Decrease) In Accounts Payable	(28,406)	13,802
Increase (Decrease)  In Other Liabilities	106,636	204,557
Total Adjustments:	97,308	198,714
Net Cash Provided By
Operating Activities	133,771	502,531
Cash Flows Used In Investing  Activities:
Capital Expenditures	(21,893)	0
Cash Flows From Financing Activities:
Net Borrowing on LOC	35,000	0
Distributions To Partners	(263,375)	(259,250)
Principal Payments on Mortgage	(96,555)	(97,029)
Net Cash Used In	(324,930)	(356,279)
Financing Activities
Increase (Decrease) In Cash and Equivalents	(213,052)	146,252
Cash and Equivalents, Beginning	258,423	607,207
Cash and Equivalents, Ending	$45,371	$753,459
See Notes to Financial Statements
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