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S-4/A
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4/A on 05/12/1999
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<PAGE>   182
 
             CHARTER COMMUNICATIONS HOLDINGS, LLC AND SUBSIDIARIES
 
              CONSOLIDATED STATEMENTS OF SHAREHOLDER'S INVESTMENT
                             (DOLLARS IN THOUSANDS)
 

<TABLE>
<CAPTION>
                                    COMMON    PAID-IN    ACCUMULATED
                                    STOCK     CAPITAL      DEFICIT       TOTAL
                                    ------    -------    -----------    --------
<S>                                 <C>       <C>        <C>            <C>
BALANCE, December 31, 1995........    $--     $ 1,500     $   (529)     $    971
  Capital contributions...........    --        4,400           --         4,400
  Net loss........................    --           --       (2,723)       (2,723)
                                      --      -------     --------      --------
BALANCE, December 31, 1996........    --        5,900       (3,252)        2,648
  Net loss........................    --           --       (4,623)       (4,623)
                                      --      -------     --------      --------
BALANCE, December 31, 1997........    --        5,900       (7,875)       (1,975)
  Capital contributions...........    --       10,800           --        10,800
  Net loss........................    --           --      (17,222)      (17,222)
                                      --      -------     --------      --------
BALANCE, December 23, 1998........    $--     $16,700     $(25,097)     $ (8,397)
                                      ==      =======     ========      ========
</TABLE>

 
The accompanying notes are an integral part of these consolidated statements.
 
                                      F-26