BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP
                            FINANCIAL STATEMENTS
                               DECEMBER 31, 2002


                         REPORT OF INDEPENDENT AUDITOR

Big River Productions Limited Partnership
230 West 41st Street
New York, New York 10036


Gentlemen:

We have audited the accompanying balance sheet of Big River Productions
Limited Partnership as of December 31, 2002 and 2001, and the related statements
of income and partners' capital, and cash flows for the years then ended. These
financial statements are the responsibility of the Company's management. Our
responsibility is to express an opinion on these financial statements based on
our audit.


We conducted our audits in accordance with auditing standards generally
accepted in the United States of America. Those standards require that we plan
and perform the audits to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our
audit provides a reasonable basis for our opinion.


In our opinion, the financial statements referred to above present fairly,
in all material respects, the financial position of Big River Productions
Limited Partnership as of December 31, 2002 and 2001, and the results of its
operations and its cash flows for the years then ended in conformity with
accounting principles generally accepted in the United States of America.


                                   Respectfully submitted,



                                   Schall & Ashenfarb,
                                   Certified Public Accountants, LLC



January 13, 2003

                  BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP




                                    INDEX



                                                                PAGE
Part I
Item I -   Business                                               1
Item 2 -   Properties                                             1
Item 3 -   Legal Proceedings                                      1

Part II
Item 4 -   Submission of matter to vote of
           security holders                                       1
Item 5 -   Market for registrants common
           equity and related stockholders matters                1
Item 6 -   Selected Financial Data                                1
Item 7 -   Managements discussion and analysis
           of financial condition and results
           of operations                                          1
Item 8 -   Financial statements and supplementary
           data                                                   1
Item 9 -   Disagreements on accounting and
           financial disclosure                                   1

Part III
Item 10 -  Directors and executive officers                       1
Item 11 -  Executive Compensation                                 1
Item 12 -  Security Ownership                                     1
Item 13 -  Certain relationship and related
           transactions                                           1

Part IV
Item 14 -  Financial statements                                   2-7

           Signatures

Item 1 -   Business
           The Big River Productions Limited Partnership owns the rights
           to the play Big River.  As of December 31, 2002, the play was
           being performed on tour.

Item 2 -   Properties
           Partnership maintains through its general partners offices at
           230 W. 41st Street, New York, New York 10036.

Item 3 -   Legal Proceedings
           NONE

Item 4 -   Submission of matters to a vote of Security Holders
           Not Applicable

Item 5 -   Market for Registrants Common Equity & Stockholder Matters
           Not Applicable

Item 6 -   Selected Financial Data
           The following table sets forth selected financial information
           regarding the Company's financial position and operating
           results.  This information should be read in conjunction with
           the financial statements and notes thereto and Managements
           discussion and analysis of financial condition and results of
           operations, appearing elsewhere in this report.

           Income from continuing operation              $ 60,790
           Total Assets                                  $ 99,145
           Non-Current Obligations                        -0-

Item 7 -   Managements Discussion and Analysis of financial condition and
           results of operations
           The Partnership was capitalized by $2,500,000 of partners
           contributions during 1985 for the purpose of producing on
           Broadway a dramatic-musical play entitled "Big River".  The
           Company's primary revenue source is from royalties from
           licensing agreements.  The Company's royalty income was $60,790
           during 2002.

Item 8 -   Financial Statement and Supplementary Data
           The financial statements and supplementary data listed on the
           accompanying Index to financial statements and Index to
           financial schedule are hereby incorporated herein by this
           reference and filed as part of this report.

Item 9 -   Disagreements on Accounting and Financial Disclosures
           NONE

Item 10-13 Not Applicable


                  BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP
                                BALANCE SHEET
                               DECEMBER 31, 2002


                                   ASSETS


                                        2002                   2001
                                        ------                 -----

Current Assets

Cash in Bank                           $99,145                $175,877
                                       ----------             -------
Total Assets                           $99,145                $175,877
                                       ===========            =======



LIABILITY & PARTNERS CAPITAL

Current Liabilities

Accrued Expenses                         4,550                 4,573
                                         ------                ------

Total Liabilities                        4,550                 4,573

Partners Capital

Partners Capital                          94,595             171,304
                                         --------           -------

Total Partners Capital                    94,595             171,304
                                         --------           --------

Total Liabilities & Partners Capital     $99,145            $175,877
                                        =========           =========


See audit report and notes attached.



                  BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP
              STATEMENT OF INCOME AND PARTNERS' CAPITAL
                  FOR THE YEAR ENDED DECEMBER 31, 2002

                                        2002               2001
                                        ----               -----
Income:
  Royalty                               $60,790           $74,497
                                        -------           --------

Total Income                             60,790            74,497

Less: Expenses
Royalty Expense                          29,757               -
General Manager Fee                         600             1,200
Professional                              4,464             4,400
Administration Expense                    2,678             1,050
                                        --------            -------
Total Expenses                           37,499             6,650
                                         ------            -------

Net Income Before Taxes                  23,291            67,847

Provision for NYC Unincorporated
Business Tax                               -0-               -0-
                                         -------           -------
Net Income Before Interest Income        23,291            67,847

Interest Income                               0                 0
                                         ------            -------

Net Income                               23,291            67,847


Partners' Capital - Beginning of Year   171,304           103,457

Less: Distribution to Partners          100,000                 0
                                         -------          -------

Partners' Capital - End of Year           94,595          171,304
                                        =======           =======


See audit report and notes attached.


                  BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP
                           STATEMENT OF CASH FLOWS
                      FOR THE YEAR ENDED DECEMBER 31, 2002




                                                  2002             2001
                                                  -----            -----
CASH FLOWS FROM OPERATING ACTIVITIES
 Net Income                                      $23,291          $67,847
 Adjustments to reconcile net income
 to net cash provided by operating activities
 Increase/Decrease) in accrued expenses              (23)            (77)
                                                 --------       --------

Total Adjustments                                    (23)            (77)
                                                  --------     ---------
Net Cash Provided by Operating Activities          23,268         67,770

CASH FLOWS FROM FINANCING ACTIVITIES
 Capital Distributions                            (100,000)            0
                                                    --------  -----------
Net cash used for financing activities            (100,000)            0

Net cash increase/(decrease) for year             (76,732)        67,770

Cash and Cash equivalents
at beginning of year                              175,877        108,107
                                                  ---------    ---------

Cash and cash equivalents
at end of year                                     99,145        175,877
                                                  ========      =========


See audit report and notes attached.



                  BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP
                        NOTES TO FINANCIAL STATEMENTS
                               DECEMBER 31, 2002 AND 2001



Note 1 -  General

          The Big River Productions Limited Partnership (the "Company")
          owns  shares  in  subsidiary rights of  the  property  Big  River,
          including all live stock and amateur performances.


Note 2 -  Accounting Policies

A)        The Company uses the accrual method  of accounting for
          royalty income and related expenses.

B)        The  Company  reports the statement  of  cash  flows  in
          accordance  with   the  Financial  Accounting  Standards
          Board statement No. 95.  For purposes of this statement,
          all  highly liquid securities with a maturity  of  three
          months or less are considered to be cash equivalents.

C)        Concentration of Credit Risk - The Company deposits money with credit
          worthy institutions that are insured with the Federal Deposit
          Insurance Corporation which limits the amount of coverage to $100,000
          in aggregate.  At December 31, 2002, the Company had uninsured
          balances of $0.


Note 3 -  Commitments & Contingencies

          The Company has no long term leases.

Note 4 - Management Estimates

         The preparation of financial statements in accordance with accounting
         principles generally accepted in the United States of America requires
         management to make estimates and assumptions that affect certain
         reported amounts and disclosures.  Accordingly, results could
         differ from those estimates.


                                 SIGNATURES


Pursuant  to  the requirements of the Securities Exchange Act of  1934,  the
Registrant  has duly caused this report to be signed on its  behalf  by  the
undersigned thereunto duly authorized.

                  BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP
                                        (Registrant)





Date:
     -------------                 ----------------
                                   By: Edward Strong
                                   (Officer)
                                   David, Strong, Warner, General Partner







                     SECURITIES AND EXCHANGE COMMISSION

                           WASHINGTON, D.C. 20549

                                  FORM 10-K

                 ANNUAL REPORT UNDER SECTION 13 OR 15(D)
                   OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE YEAR ENDED DECEMBER 31, 2002    COMMISSION FILE# 2-94790-NY

                  BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP
                  -------------------------------------------

         NEW YORK                                    13-3243107
--------------------------------------------------------------------
(State of other
 jurisdiction of                                (I.R.S. Employer
incorporation or organization)                  Identification No.)


230 WEST 41ST STREET      NEW YORK, NEW YORK            10036
--------------------------------------------------------------
(Address of principal executive offices)            (Zip Code)

Registrants telephone number, including Area Code (212) 575-9710
                                                   -------------
Indicate  by  check  mark whether the Registrant (1) has filed  all  reports
required  to  be filed under Section 13 or 15(d) of the Securities  Exchange
Act of 1934 during the proceeding 12 months and (2) has been subject to such
filing requirements for the past 90 days.


                                             YES X    NO
                                                 --     --