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S-4
AVALON CABLE OF MICHIGAN INC/ filed this Form S-4 on 04/01/1999
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<PAGE>
 
                    AMRAC CLEAR VIEW, A LIMITED PARTNERSHIP
 
               STATEMENT OF CHANGES IN PARTNERS' EQUITY (DEFICIT)
 
              For the years ended December 31, 1995, 1996 and 1997
 

<TABLE>
<CAPTION>
                                      Class A   Class B   Investor
                            General   Limited   Limited    Limited
                            Partner   Partner   Partner   Partners     Total
                            --------  --------  --------  ---------  ---------
<S>                         <C>       <C>       <C>       <C>        <C>
Partners' deficit at
 December 31, 1994......... $(31,012) $(31,012) $(12,405) $(211,905) $(286,334)
Net earnings for the year..    4,263     4,263     1,705    160,296    170,527
Partners' distributions
 during the year...........   (1,596)   (1,596)     (638)   (60,000)   (63,830)
                            --------  --------  --------  ---------  ---------
Partners' deficit at
 December 31, 1995.........  (28,345)  (28,345)  (11,338)  (111,609)  (179,637)
Net earnings for the year..    5,844     5,844     2,337    219,730    233,755
                            --------  --------  --------  ---------  ---------
Partners' equity (deficit)
 at December 31, 1996......  (22,501)  (22,501)   (9,001)   108,121     54,118
Net earnings for the year..   15,745    15,745     6,298    592,044    629,832
                            --------  --------  --------  ---------  ---------
Partners' equity (deficit)
 at December 31, 1997...... $ (6,756) $ (6,756) $ (2,703) $ 700,165  $ 683,950
                            ========  ========  ========  =========  =========
</TABLE>

 
 
 
 
 
                       See notes to financial statements
 
                                      F-47