Bangladesh-American Center    
Statement of Cash Flows (Non-Consolidated)    
For Eleven Months Ended November 30, 2001    
           
           
           
           
Cash Flows From Operating Activities          
           
Increase in net assets       98,718.37      
Increase in accounts payable         1,619.12      
Net cash provided by operating activities       98,718.37      
           
           
Cash Flows From Investing Activities          
           
Cash disbursement for land    (135,957.00)      
Net cash used in investing activities    (135,957.00)      
           
           
Cash Flows From Financing Activities          
           
Long term liabilities       44,000.00      
Net cash provided by financing activities       44,000.00      
Net Cash, beginning of the year   0.00      
Net increase in cash during the year         6,761.37      
Change in Cash Balance         6,761.37