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S-4
RENAISSANCE MEDIA GROUP LLC filed this Form S-4 on 06/12/1998
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            RENAISSANCE MEDIA HOLDINGS LLC AND RENAISSANCE MEDIA LLC
 
                            STATEMENTS OF CASH FLOWS
 

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<CAPTION>
                                              NOVEMBER 5, 1997    THREE MONTHS
                                            (DATE OF INCEPTION)      ENDED
                                            TO DECEMBER 31, 1997 MARCH 31, 1998
                                                 (COMBINED)      (CONSOLIDATED)
                                            -------------------- --------------
                                                                  (UNAUDITED)
<S>                                         <C>                  <C>
OPERATING ACTIVITIES:
Net income................................      $     36,424        $ 77,821
Adjustments to non-cash and non-operating
 items:
  Non-cash interest expense/(income)......             4,271        (164,560)
  Depreciation............................               --            1,057
  Amortization............................               --              127
  Changes in operating assets and
   liabilities:
    Accrued interest income...............           (59,434)         (6,141)
    Accounts receivable...................            (2,500)         (3,074)
    Prepaid expenses and other assets.....            (2,041)         (8,150)
    Purchase of interest rate cap
     agreement............................          (102,500)            --
    Accrued expenses:
      Other professional fees.............             2,500             --
      Audit fees..........................            15,000          18,000
    Other operating.......................               --           18,864
    Accounts payable......................            11,313          (8,449)
    Other liabilities.....................               --            4,867
                                                ------------        --------
Net cash (used in) operating activities...           (96,967)        (69,638)
                                                ------------        --------
INVESTING ACTIVITIES:
Escrow deposit............................       (15,000,000)            --
Property, plant and equipment.............               --          (56,348)
Intangible asset additions................               --           (8,582)
                                                ------------        --------
Net cash (used in) investing activities...       (15,000,000)        (64,930)
                                                ------------        --------
FINANCING ACTIVITIES:
Deferred financing costs..................               --           (6,259)
Deferred acquisition costs................               --          (16,449)
Due to Management Investors...............         1,000,000             --
Capital contributions:
  Morgan Stanley Capital Partners III,
   Inc....................................                 1             --
  Morgan Stanley Capital Partners III,
   L.P....................................        13,269,701             --
  MSCP III 892 Investors, L.P.............         1,358,582             --
  Morgan Stanley Capital Investors, L.P...           371,717             --
                                                ------------        --------
Net cash provided by (used in) financing
 activities...............................        16,000,001         (22,708)
                                                ------------        --------
NET INCREASE IN CASH AND CASH
 EQUIVALENTS..............................           903,034        (157,276)
CASH AND CASH EQUIVALENTS AT THE BEGINNING
 OF THE PERIOD............................               --          903,034
                                                ------------        --------
CASH AND CASH EQUIVALENTS AT THE END OF
 THE PERIOD...............................      $    903,034        $745,758
                                                ============        ========
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                See accompanying notes to financial statements.
 
                                      F-5