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424B3
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form 424B3 on 09/01/1999
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<PAGE>   496
 
                     RIFKIN ACQUISITION PARTNERS, L.L.L.P.
 
                      CONSOLIDATED STATEMENT OF OPERATIONS
 

<TABLE>
<CAPTION>
                                                          SIX MONTHS ENDED
                                                              JUNE 30,
                                                     ---------------------------
                                                         1999           1998
                                                     ------------    -----------
                                                             (UNAUDITED)
<S>                                                  <C>             <C>
REVENUE:
Service............................................  $ 44,101,504    $40,840,852
Installation and other.............................     4,482,312      3,460,924
                                                     ------------    -----------
     Total revenue.................................    48,583,816     44,301,776
COSTS AND EXPENSES:
Operating expense..................................     6,644,646      7,005,851
Programming expense................................    10,639,390      9,249,482
Selling, general and administrative expense........    10,744,654      6,357,755
Depreciation.......................................     8,246,865      7,409,182
Amortization.......................................    12,738,555     11,274,197
Management fees....................................     1,700,434      1,550,562
Loss on disposal of assets.........................       471,021        647,759
                                                     ------------    -----------
     Total costs and expenses......................    51,185,565     43,494,788
                                                     ------------    -----------
Operating income(loss).............................    (2,601,749)       806,988
Gain on sale of Michigan assets....................            --     (5,989,846)
Interest expense...................................    11,722,458     11,717,980
                                                     ------------    -----------
Loss before income taxes and cumulative effect of
  accounting change................................   (14,324,207)    (4,921,146)
Income tax benefit.................................    (1,239,000)    (1,900,000)
                                                     ------------    -----------
Loss before cumulative effect of accounting
  change...........................................   (13,085,207)    (3,021,146)
Cumulative effect of accounting change for
  organizational costs.............................       111,607             --
                                                     ------------    -----------
Net loss...........................................  $(13,196,814)   $(3,021,146)
                                                     ============    ===========
</TABLE>

 
See accompanying notes to financial statements.
 
                                      F-291