Nyx Net

                       Treasurer's Report

                         September 1997


     Income & Expenses by Month 

     (does not include Nyx Fund at DU or expenses drawn from it)


      Month         Income        Expenses            Net

      April      $3,974.22         $13.15           $3,961.07
        May      $8,444.36      $1,039.60           $7,404.76
       June        $779.00         $23.50             $755.50
       July        $685.04        $171.00             $514.04
     August        $877.04        $183.88             $693.16

     Current Balance                               $13,328.53

-------------------------------------------------------------

     Projected expenses Sept.-December 1997:

     Moving/Start-up costs:                       $ 3,000
     Monthly Operating Expenses: $1,500/mo * 4 =  $ 6,000
                                                  -------
                                                  $ 9,000
     Reserve:                                     $ 4,500
                                                  -------
                                                  $13,500 
     New Mail Machine:                            $ 3,000
                                                  -------
                                                  $16,500