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UNITED STATES
SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

FORM 10-Q

|    |  |                                                                                        
|--- |  | ---------------------------------------------------------------------------------------
|[X] |  | Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended March 31, 2002

or

|      |  |                                                                                         
|----- |  | ----------------------------------------------------------------------------------------
|[   ] |  | Transition Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934

For the transition period from _________________ to _________________

Commission File Number: 0-16718

Northland Cable Properties Seven Limited Partnership

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|                                                                                            |  |                                                
|------------------------------------------------------------------------------------------- |  | -----------------------------------------------
|Washington
(State of Organization)                                                          |  | 91-1366564
(I.R.S. Employer Identification No.)
|                                                                                            |  |                                                
|1201 Third Avenue, Suite 3600, Seattle, Washington
(Address of Principal Executive Offices) |  | 98101
(Zip Code)                               

(206) 621-1351

---

(Registrants telephone number, including area code)


N/A

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(Former name, former address and former fiscal year, if changed since last report)


Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has subject to such
filing requirements for the past 90 days.

Yes  [X]       No  [   ]




This filing contains  pages. Exhibits index appears on page .






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|                            |                                                                                               |                                        |  |  |  |  |  | 
|--------------------------- | --------------------------------------------------------------------------------------------- | -------------------------------------- |  |  |  |  |  | 
|                            |                                                                                               | BALANCE SHEETS                        
|                            |                                                                                               | STATEMENTS OF OPERATIONS              
|                            |                                                                                               | STATEMENTS OF CASH FLOWS              
|                            |                                                                                               | NOTE TO UNAUDITED FINANCIAL STATEMENTS
|                            | ITEM 2. Managements Discussion and Analysis of Financial Condition and Results of Operations
|PART II  OTHER INFORMATION
|                            | ITEM 1 Legal proceedings                                                                     
|                            | ITEM 2 Changes in securities                                                                 
|                            | ITEM 3 Defaults upon senior securities                                                       
|                            | ITEM 4 Submission of matters to a vote of security holders                                   
|                            | ITEM 5 Other information                                                                     
|                            | ITEM 6 Exhibits and Reports on Form 8-K                                                      
|SIGNATURES                 



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NORTHLAND CABLE PROPERTIES SEVEN LIMITED PARTNERSHIP
BALANCE SHEETS
(Prepared by the Managing General Partner)

|                                                                                                     |                   |                          |                         |   |             |             |              |   |             |             |  
|---------------------------------------------------------------------------------------------------- | ----------------- | ------------------------ | ----------------------- | - | ----------- | ----------- | ------------ | - | ----------- | ----------- | -
|                                                                                                     |                   |                          |                         |   | March 31,   |             | December 31,
|                                                                                                     |                   |                          |                         |   | 2002        |             | 2001        
|                                                                                                     |                   |                          |                         |   |             |             |             
|                                                                                                     |                   |                          |                         |   | (unaudited) |             |              |   |            
|ASSETS                                                                                               |                   |                          |                         |   |             |             |              |  
|Cash                                                                                                 |                   | $                        | 878,115                 |   |             | $           | 125,060      |  
|Accounts receivable                                                                                  |                   |                          | 575,013                 |   |             |             | 592,772      |  
|Prepaid expenses                                                                                     |                   |                          | 147,928                 |   |             |             | 89,299       |  
|Due from affiliates                                                                                  |                   |                          | 12,065                  |   |             |             | 17,225       |  
|Property and equipment, net of accumulated
depreciation of $21,789,544 and $20,956,786,
respectively |                   |                          | 18,543,919              |   |             |             | 19,074,621   |  
|Intangible assets, net of accumulated
amortization of $12,326,187 and $12,279,043,
respectively      |                   |                          | 11,151,075              |   |             |             | 11,198,220   |  
|                                                                                                     |                   |                          |                         |   |             |             |              |  
|Total assets                                                                                         |                   | $                        | 31,308,115              |   |             | $           | 31,097,197   |  
|                                                                                                     |                   |                          |                         |   |             |             |              |  
|LIABILITIES
AND PARTNERS DEFICIT                                                                    |                   |                          |                         |   |             |             |              |  
|Accounts payable and accrued expenses                                                                |                   | $                        | 1,551,522               |   |             | $           | 1,820,883    |  
|Due to managing general partner and affiliates                                                       |                   |                          | 863,223                 |   |             |             | 285,125      |  
|Converter deposits                                                                                   |                   |                          | 83,575                  |   |             |             | 71,730       |  
|Subscriber prepayments                                                                               |                   |                          | 657,073                 |   |             |             | 595,357      |  
|Notes payable                                                                                        |                   |                          | 40,978,707              |   |             |             | 41,236,547   |  
|Interest rate derivative                                                                             |                   |                          |                        |   |             |             | 277,449      |  
|                                                                                                     |                   |                          |                         |   |             |             |              |  
|                                                                                                     |                   |                          | Total liabilities       |   |             | 44,134,100  |              |   |             | 44,287,091  |  
|                                                                                                     |                   |                          |                         |   |             |             |              |  
|Partners deficit:                                                                                   |                   |                          |                         |   |             |             |              |  
|                                                                                                     | General Partners: |                          |                         |   |             |             |              |   |            
|                                                                                                     |                   | Contributed capital, net |                         |   | (25,367     | )           |              |   | (25,367     | )          
|                                                                                                     |                   | Accumulated deficit      |                         |   | (315,361    | )           |              |   | (319,000    | )          
|                                                                                                     |                   |                          |                         |   |             |             |              |  
|                                                                                                     |                   |                          | (340,728                | ) |             |             | (344,367     | )
|                                                                                                     |                   |                          |                         |   |             |             |              |  
|                                                                                                     | Limited Partners: |                          |                         |   |             |             |              |   |            
|                                                                                                     |                   | Contributed capital, net |                         |   | 18,735,576  |             |              |   | 18,735,576  |            
|                                                                                                     |                   | Accumulated deficit      |                         |   | (31,220,833 | )           |              |   | (31,581,103 | )          
|                                                                                                     |                   |                          |                         |   |             |             |              |  
|                                                                                                     |                   |                          | (12,485,257             | ) |             |             | (12,845,527  | )
|                                                                                                     |                   |                          |                         |   |             |             |              |  
|                                                                                                     |                   |                          | Total partners deficit |   |             | (12,825,985 | )            |   |             | (13,189,894 | )
|                                                                                                     |                   |                          |                         |   |             |             |              |  
|Total liabilities and partners deficit                                                              |                   | $                        | 31,308,115              |   |             | $           | 31,097,197   |  
|                                                                                                     |                   |                          |                         |   |             |             |              |  





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NORTHLAND CABLE PROPERTIES SEVEN LIMITED PARTNERSHIP
STATEMENTS OF OPERATIONS
(Prepared by the Managing General Partner)

|                                                |                |                                                                                                           |                            |   |                                      |          |            |     |           |          |  
|----------------------------------------------- | -------------- | --------------------------------------------------------------------------------------------------------- | -------------------------- | - | ------------------------------------ | -------- | ---------- | --- | --------- | -------- | -
|                                                |                |                                                                                                           |                            |   | For the three months ended March 31,
|                                                |                |                                                                                                           |                            |   |                                     
|                                                |                |                                                                                                           |                            |   | 2002                                 |          | 2001      
|                                                |                |                                                                                                           |                            |   |                                      |          |           
|                                                |                |                                                                                                           |                            |   | (unaudited)                         
|Service revenues                                |                | $                                                                                                         | 4,704,298                  |   |                                      | $        | 4,554,058  |    
|Expenses:                                       |                |                                                                                                           |                            |   |                                      |          |            |    
|                                                |                | Cable system operations (including
$53,628 and $60,372 to affiliates in
2002 and 2001, respectively)      |                            |   | 355,832                              |          |            |     | 379,846   |         
|                                                |                | General and administrative (including
$435,520 and $448,079 to affiliates
in 2002 and 2001, respectively) |                            |   | 1,134,145                            |          |            |     | 1,084,404 |         
|                                                |                | Programming (including $40,406
and $30,771 to affiliates in 2002
and 2001, respectively)                  |                            |   | 1,510,334                            |          |            |     | 1,309,508 |         
|                                                |                | Depreciation and amortization                                                                             |                            |   | 847,789                              |          |            |     | 1,234,666 |         
|                                                |                |                                                                                                           |                            |   |                                      |          |            |    
|                                                |                |                                                                                                           | 3,848,100                  |   |                                      |          | 4,008,424  |    
|                                                |                |                                                                                                           |                            |   |                                      |          |            |    
|Income from operations                          |                |                                                                                                           | 856,198                    |   |                                      |          | 545,634    |    
|Other income (expense):                         |                |                                                                                                           |                            |   |                                      |          |            |    
|                                                |                |                                                                                                           | Interest expense           |   |                                      | (770,386 | )          |     |           | (918,981 | )
|                                                |                |                                                                                                           | Interest income            |   |                                      | 1,181    |            |     |           | 5,601    |  
|                                                |                |                                                                                                           | Interest rate derivative   |   |                                      | 277,449  |            |     |           | (115,812 | )
|                                                |                |                                                                                                           | Loss on disposal of assets |   |                                      | (533     | )          |     |           |         |  
|                                                |                |                                                                                                           |                            |   |                                      |          |            |    
|                                                |                |                                                                                                           | (492,289                   | ) |                                      |          | (1,029,192 | )  
|                                                |                |                                                                                                           |                            |   |                                      |          |            |    
|Net income (loss)                               |                | $                                                                                                         | 363,909                    |   |                                      | $        | (483,558   | )  
|                                                |                |                                                                                                           |                            |   |                                      |          |            |    
|Allocation of net income (loss):                |                |                                                                                                           |                            |   |                                      |          |            |    
|                                                |                |                                                                                                           | General Partners           |   | $                                    | 3,639    |            |     | $         | (4,836   | )
|                                                |                |                                                                                                           |                            |   |                                      |          |            |    
|                                                |                |                                                                                                           | Limited Partners           |   | $                                    | 360,270  |            |     | $         | (478,722 | )
|                                                |                |                                                                                                           |                            |   |                                      |          |            |    
|Net income (loss) per limited partnership unit: |                |                                                                                                           |                            |   |                                      |          |            |    
|                                                | (49,656 units) |                                                                                                           | $                          | 7 |                                      |          | $          | (10 | )        
|                                                |                |                                                                                                           |                            |   |                                      |          |            |    
|Net income (loss) per $1,000 investment         |                | $                                                                                                         | 15                         |   |                                      | $        | (19        | )  
|                                                |                |                                                                                                           |                            |   |                                      |          |            |    





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NORTHLAND CABLE PROPERTIES SEVEN LIMITED PARTNERSHIP
STATEMENTS OF CASH FLOWS
(Prepared by the Managing General Partner)

|                                                                                     |                                              |                                                  |           |                                      |          |      |            |           |            |  
|------------------------------------------------------------------------------------ | -------------------------------------------- | ------------------------------------------------ | --------- | ------------------------------------ | -------- | ---- | ---------- | --------- | ---------- | -
|                                                                                     |                                              |                                                  |           | For the three months ended March 31,
|                                                                                     |                                              |                                                  |           |                                     
|                                                                                     |                                              |                                                  |           | 2002                                 |          | 2001
|                                                                                     |                                              |                                                  |           |                                      |          |     
|                                                                                     |                                              |                                                  |           | (unaudited)                         
|CASH FLOWS FROM OPERATING ACTIVITIES:                                                |                                              |                                                  |           |                                      |          |      |            |          
|Net income (loss)                                                                    |                                              | $                                                | 363,909   |                                      |          | $    | (483,558   | )        
|Adjustments to reconcile net income (loss) to
cash provided by operating activities: |                                              |                                                  |           |                                      |          |      |            |          
|                                                                                     | Depreciation and amortization                |                                                  |           | 847,789                              |          |      |            | 1,234,666 |           
|                                                                                     | Interest rate derivative                     |                                                  |           | (277,449                             | )        |      |            | 131,577   |           
|                                                                                     | Loan fee amortization                        |                                                  |           | 32,481                               |          |      |            | 31,057    |           
|                                                                                     | Loss on sale of assets                       |                                                  |           | 533                                  |          |      |            |          |           
|                                                                                     | (Increase) decrease in operating assets:     |                                                  |           |                                      |          |      |            |           |           
|                                                                                     |                                              | Accounts receivable                              |           |                                      | 17,759   |      |            |           | 69,021     |  
|                                                                                     |                                              | Due from managing general partner and affiliates |           |                                      | 5,160    |      |            |           | (24,868    | )
|                                                                                     |                                              | Prepaid expenses                                 |           |                                      | (58,629  | )    |            |           | (51,087    | )
|                                                                                     | Increase (decrease) in operating liabilities |                                                  |           |                                      |          |      |            |           |           
|                                                                                     |                                              | Accounts payable and accrued expenses            |           |                                      | (269,361 | )    |            |           | (1,055,638 | )
|                                                                                     |                                              | Due to managing general partner and affiliates   |           |                                      | 578,098  |      |            |           | (69,268    | )
|                                                                                     |                                              | Converter deposits                               |           |                                      | 11,845   |      |            |           | 4,915      |  
|                                                                                     |                                              | Subscriber prepayments                           |           |                                      | 61,716   |      |            |           | 136,760    |  
|                                                                                     |                                              |                                                  |           |                                      |          |      |            |          
|Net cash provided by (used in) operating activities                                  |                                              |                                                  | 1,313,851 |                                      |          |      | (76,423    | )        
|                                                                                     |                                              |                                                  |           |                                      |          |      |            |          
|CASH FLOWS FROM INVESTING ACTIVITIES:                                                |                                              |                                                  |           |                                      |          |      |            |          
|Purchase of property and equipment, net                                              |                                              |                                                  | (302,956  | )                                    |          |      | (1,308,971 | )        
|Increase in intangibles                                                              |                                              |                                                  |          |                                      |          |      | (105,170   | )        
|                                                                                     |                                              |                                                  |           |                                      |          |      |            |          
|Net cash used in investing activities                                                |                                              |                                                  | (302,956  | )                                    |          |      | (1,414,141 | )        
|                                                                                     |                                              |                                                  |           |                                      |          |      |            |          
|CASH FLOWS FROM FINANCING ACTIVITIES:                                                |                                              |                                                  |           |                                      |          |      |            |          
|Principal payments on borrowings                                                     |                                              |                                                  | (257,840  | )                                    |          |      | (819,714   | )        
|Proceeds from borrowings                                                             |                                              |                                                  |          |                                      |          |      | 3,000,000  |          
|                                                                                     |                                              |                                                  |           |                                      |          |      |            |          
|Net cash (used in) provided by financing activities                                  |                                              |                                                  | (257,840  | )                                    |          |      | 2,180,286  |          
|                                                                                     |                                              |                                                  |           |                                      |          |      |            |          
|INCREASE IN CASH                                                                     |                                              |                                                  | 753,055   |                                      |          |      | 689,722    |          
|CASH, beginning of period                                                            |                                              |                                                  | 125,060   |                                      |          |      | 492,858    |          
|                                                                                     |                                              |                                                  |           |                                      |          |      |            |          
|CASH, end of period                                                                  |                                              | $                                                | 878,115   |                                      |          | $    | 1,182,580  |          
|                                                                                     |                                              |                                                  |           |                                      |          |      |            |          
|SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:                                    |                                              |                                                  |           |                                      |          |      |            |          
|                                                                                     | Cash paid during the period for interest     |                                                  | $         | 742,958                              |          |      | $          | 937,952   |           
|                                                                                     |                                              |                                                  |           |                                      |          |      |            |          





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NORTHLAND CABLE PROPERTIES SEVEN LIMITED PARTNERSHIP
NOTE TO UNAUDITED FINANCIAL STATEMENTS

(1)  These unaudited financial statements are being filed in conformity with
Rule 10-01 of Regulation S-X regarding interim financial statement disclosure
and do not contain all of the necessary footnote disclosures required for a
fair presentation of the balance sheets, statements of operations and
statements of cash flows in conformity with generally accepted accounting
principles. However, in the opinion of management, this data includes all
adjustments, consisting only of normal recurring accruals, necessary to present
fairly the Partnerships financial position at March 31, 2002, its statements
of operations for the three months ended March 31, 2002 and 2001, and its
statement of cash flows for the three months ended March 31, 2002 and 2001.
Results of operations for these periods are not necessarily indicative of
results to be expected for the full year. These financial statements and notes
should be read in conjunction with the Partnerships Annual Report on Form 10-K
for the year ended December 31, 2001.

(2)  Recently Implemented Accounting Pronouncements

Statement of Financial Accounting Standards No. 141 and 142 In June 2001, the
Financial Accounting Standards Board (FASB) issued SFAS No. 141, Business
Combinations and SFAS No. 142, Goodwill and Other Intangible Assets. SFAS
No. 141 prospectively prohibits the pooling of interest method of accounting
for business combinations initiated after June 30, 2001. SFAS No. 142
establishes a new method of testing goodwill for impairment on an annual basis
or on an interim basis if an event occurs or circumstances change that would
more likely than not reduce the fair value of a reporting unit below its
carrying value. The amortization of existing goodwill ceased on December 31,
2001. The adoption of SFAS No. 142 will result in the Partnerships
discontinuation of amortization of its goodwill. The Partnership determined
that its franchise and acquisition costs met the definition of indefinite lived
assets. Accordingly, amortization on these assets also ceased on December 31,
2001. The Partnership has tested its intangibles for impairment under the new
standard and has determined that there is no impairment as of March 31, 2002.
The net book value of the goodwill, franchises and acquisition costs remaining
at March 31, 2002 was $10,712,837. Amortization of these assets was
approximately $508,000 in the first quarter of 2001. Amortization of these
assets would have been approximately the same amount in the first quarter of
2002.

Statement of Financial Accounting Standards No. 144 In August 2001, the FASB
issued SFAS No. 144 Accounting for the Impairment or Disposal of Long-Lived
Assets. Statement No. 144 addresses financial accounting and reporting for
the impairment of long-lived assets and for long-lived assets to be disposed
of. Statement No. 144 supercedes Statement No. 121, Accounting for the
Impairment of Long-Lived Assets and for Long-Lived Assets to Be Disposed Of,
and supersedes the accounting and reporting provisions of Accounting Principles
Board Opinion No. 30, Reporting the Results of Operations  Reporting the
Effects of Disposal of Segment of a Business, and Extraordinary, Unusual and
Infrequently Occurring Events and Transactions, for segments of a business to
be disposed of. Statement No. 144, which is effective January 1, 2002, has
been implemented by the Partnership and does not have an impact on the
Partnerships financial position, results of operations or cash flows for the
period ended March 31, 2002.

(3)  Recently Issued Accounting Pronouncements





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Statement of Financial Accounting Standards No. 143 In June 2001, the FASB
issued SFAS No. 143 Accounting for Asset Retirement Obligations. SFAS No.
143 requires entities to record the fair value of liability for an asset
retirement obligation in the period in which it is incurred. The associated
asset retirement costs are capitalized as part of the carrying amount of the
long-lived asset. Statement No. 143 will be effective for the Partnership
beginning January 1, 2003. The Partnership has not yet estimated the impact of
implementation on its financial position, results of operations or cash flows.





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PART I (continued)




|        |  |                                                                                      
|------- |  | -------------------------------------------------------------------------------------
|ITEM 2. |  | Managements Discussion and Analysis of Financial Condition and
Results of Operations

Three Months Ended March 31, 2002 and 2001

Revenues totaled $4,704,298 for the three months ended March 31, 2002
representing an increase of approximately 3% over the same period in 2001. Of
these revenues, $3,142,130 (67%) was derived from basic services, $368,431 (8%)
from premium services, $546,602 (12%) from expanded basic services, $77,537
(2%) from digital services, $303,626 (6%) from advertising and $265,972 (5%)
from other sources. The increase in revenues is primarily attributable to: (i)
rate increases implemented in the Partnerships systems during the first
quarter of 2002; (ii) increased penetration in digital services; and (iii) an
increase of approximately 15% in advertising revenues.

As of March 31, 2002, the Partnerships systems served approximately 35,110
basic subscribers, 18,436 premium subscribers and 3,057 digital subscribers.

Operating expenses, which include costs related to technical personnel, repairs
and maintenance, totaled $355,832 for the three months ended March 31, 2002,
representing a decrease of approximately 6% over the same period in 2001. This
is primarily due to decreased system maintenance expense and decreases in
operating salaries and payroll benefits.

General and administrative expenses totaled $1,134,145 for the three months
ended March 31, 2002, representing an increase of approximately 5% over the
same period in 2001. This increase is primarily attributable to: (i) increases
in revenue-based expenses such as management, franchise and copyright fees; and
(ii) increases in system utility, property tax and insurance costs.

Programming expenses totaled $1,510,334 for the three months ended March 31,
2002, representing an increase of approximately 15% over the same period in
2001. This increase is primarily attributable to higher costs charged by
various program suppliers as well as costs incurred as the result of offering
additional channels in some of the Partnerships systems.

Depreciation and amortization expense for the three months ended March 31, 2002
decreased approximately 31% over the same period in 2001. Such decrease is
primarily attributable to the Partnerships implementation of SFAS No. 142. As
of December 31, 2001, the Partnership discontinued amortizing its franchises,
goodwill and acquisition costs in accordance with SFAS No.142 resulting in a
decrease of approximately $500,000 in amortization expense for the three months
ended March 31, 2002.

Interest expense for the three months ended March 31, 2002 decreased
approximately 16% over the same period in 2001. The Partnerships average bank
debt outstanding increased from $41,106,466 during the first quarter of 2001 to
$41,107,627 during the same period in 2002. The Partnerships effective
interest rate decreased from 8.57% in the first quarter of 2001 to 7.50% in the
first quarter of 2002.





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The Partnership has elected not to designate its derivatives as hedges under
SFAS No. 133. Derivatives in place as of December 31, 2001 expired during the
first quarter of 2002, and the Partnership has elected not to enter into any
new derivative agreements. Accordingly, the Partnership recorded a debit to
eliminate the liability for derivatives on its balance sheet and a
corresponding credit in its statement of operations. The market value
adjustment for the first quarter of 2002 was a credit of approximately
$277,000.

Liquidity and Capital Resources

The Partnerships primary source of liquidity is cash flow provided from
operations. Based on managements analysis, the Partnerships cash flow from
operations will be sufficient to cover future operating costs, debt service and
planned capital expenditures over the next twelve month period.

Net cash provided by operating activities totaled $1,313,851 for the three
months ended March 31, 2002. Adjustments to the $363,909 net income for the
period to reconcile to net cash provided by operating activities consisted
primarily of $880,270 of depreciation and amortization, increases in
operating liabilities of $382,298, offset by decreases of $277,449 relating
to interest rate derivatives.

Net cash used in investing activities consisted of $302,956 in capital
expenditures for the three months ended March 31, 2002.

Net cash used in financing activities consisted of $257,840 in principal
payments on long term debt for the three months ended March 31, 2002.

Net cash used in operating activities totaled $76,423 for the three months
ended March 31, 2001. Adjustments to the $483,558 net loss for the period to
reconcile to net cash provided by operating activities consisted primarily of
$1,265,723 of depreciation and amortization, $131,577 relating to interest
rate derivatives and decreases in operating liabilities of $983,231.

Net cash used in investing activities consisted of $1,414,141 in capital
expenditures and increases in intangibles for the three months ended March
31, 2001.

Net cash from financing activities was $2,180,286 for the three months ended
March 31, 2001. The Partnership had $3,000,000 in additions to long term
debt to fund capital expenditures and made $819,714 in principal payments on
long term debt for the three months ended March 31, 2001.

In May 2002, the Partnership agreed to certain terms and conditions with its
bank and amending its credit agreement. The new terms and conditions modify
the debt repayment schedule, applicable interest rates, certain financial
covenants, and fees to be paid to the lenders. The new interest rate is LIBOR
plus 4% with scheduled increases in 2003 and 2004. Based on these terms, the
Partnership is required to make the following principal payments:





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|     |  |           |            | 
|---- |  | --------- | ---------- | 
|     |  | Amended  
|     |  | Principal
|     |  | Payments 
|     |  |          
|2002 |  | $         | 1,150,000  | 
|2003 |  |           | 2,200,000  | 
|2004 |  |           | 37,600,000 | 
|     |  |           |            | 
|     |  | $         | 40,950,000 | 
|     |  |           |            | 

If the Partnership sells assets and reduces the debt by at least $15,000,000,
the interest rate increases scheduled for 2003 and 2004 would not occur and
certain fees would be reduced pro rata by the amount of the debt repayment.
Management believes asset sales sufficient to retire the balance of this new
agreement will occur by the maturity of the agreement or certain assets may be
sold which would substantially reduce outstanding debt in which case the
Partnership could likely renegotiate with its lenders or find new lending
sources.

Under the terms of the Partnerships amended credit agreement, the Partnership
has agreed to restrictive covenants that require the maintenance of certain
ratios including a maximum ratio of senior debt to annualized operating cash
flow of 6.45 to 1.0 and a minimum ratio of operating cash flow to interest
expense of 2.25 to 1.0. As of March 31, 2002 the Partnership was in compliance
with its required financial covenants.

As of the date of this filing, the balance under the credit facility is
$40,700,000. As of the date of this filing, interest rates on the credit
facility were as follows: $20,350,000 at a LIBOR based rate of 5.860% expiring
May 13, 2002; $15,877,473 at a LIBOR based rate of 5.84% expiring May 31, 2002;
and $4,472,527 at a LIBOR based rate of 5.84% expiring May 31, 2002. The above
rates include a margin paid to the lender based on overall leverage, and may
increase or decrease as the Partnerships leverage fluctuates.

Capital Expenditures

During the first quarter of 2002, the Partnership incurred approximately
$303,000 in capital expenditures, including the continuation of an upgrade of
the distribution plant to 550 MHz in Sandersville, Georgia, and 450 MHz in
Sequim, Washington and 450 MHz in Camano Island, Washington as well a high
speed Internet service launch in Vidalia, Georgia.

Planned expenditures for the remainder of 2002 include continuation of
distribution plant upgrades and digital deployment, as well as line extensions
and vehicle replacements in various systems.

Quantitative and Qualitative Disclosures About Market Risk

The Partnership is subject to market risks arising from changes in interest
rates. The Partnerships primary interest rate exposure results from changes in
LIBOR or the prime rate which are used to determine the interest rate
applicable to the Partnerships debt facilities. The Partnership has from time
to time entered into interest rate swap agreements to partially hedge interest
rate exposure. Interest rate swaps have the effect of converting the
applicable variable





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rate obligations to fixed or other variable rate obligations. As of the date
of this filing, the Partnership is not involved in any interest rate swap
agreements.

Cautionary statement for purposes of the Safe Harbor provisions of the
Private Litigation Reform Act of 1995. Statements contained or incorporated by
reference in this document that are not based on historical fact are
forward-looking statements within the meaning of the Private Securities
Reform Act of 1995. Forward-looking statements may be identified by use of
forward-looking terminology such as believe, intends, may, will,
expect, estimate, anticipate, continue, or similar terms, variations of
those terms or the negative of those terms.





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PART II  OTHER INFORMATION




ITEM 1  Legal proceedings

None




ITEM 2  Changes in securities

None




ITEM 3  Defaults upon senior securities

None




ITEM 4  Submission of matters to a vote of security holders

None




ITEM 5  Other information

None




ITEM 6  Exhibits and Reports on Form 8-K

(a)  No reports on Form 8-K have been filed during the quarter ended March 31,
2002.





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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.

NORTHLAND CABLE PROPERTIES SEVEN LIMITED PARTNERSHIP

|       |  |              |  |     |  |     |  |                                                                        
|------ |  | ------------ |  | --- |  | --- |  | -----------------------------------------------------------------------
|       |  |              |  | BY: |  |     |  | Northland Communications Corporation,
Managing General Partner         
|       |  |              |  |     |  |     |  |                                                                        
|Dated: |  | May 15, 2002 |  | BY: |  | /s/ |  | RICHARD I. CLARK

Richard I. Clark
(Executive Vice President/Treasurer)
|       |  |              |  |     |  |     |  |                                                                        
|Dated: |  | May 15, 2002 |  | BY: |  | /s/ |  | GARY S. JONES

Gary S. Jones
(President)