FORM 10-Q



                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   (Mark One)

     [x]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                For the quarterly period ended September 30, 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: 333-76435


                 WNC HOUSING TAX CREDIT FUND VI, L.P., Series 7


                  California                                   33-0761517

                  (State or other jurisdiction of              (I.R.S. Employer
                 incorporation or organization)              Identification No.)


                         3158 Redhill Avenue, Suite 120
                              Costa Mesa, CA 92626
                    (Address of principal executive offices)

                                 (714) 662-5565
                               (Telephone number)

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  been  subject  to such  filing
requirements for the past 90 days.

Yes           No      X
    ---------    -----------

Indicate  by check mark  whether  the  registrant  is an  accelerated  filer (as
defined in rule 12b-2 of the Exchange Act).

Yes           No      X
    ---------    ----------



<PAGE>


                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)


                               INDEX TO FORM 10-Q

              For the Three and Six Months Ended September 30, 2002



PART I. FINANCIAL INFORMATION

   Item 1. Financial Statements

          Balance Sheets
            September 30, 2002 and March 31, 2002 .............................3

          Statements of Operations
            For the three months and six months ended
            September 30, 2002 and 2001........................................4

          Statement of Partners' Equity (Deficit)
            For the six months ended September 30, 2002........................5

          Statements of Cash Flows
            For the six months ended September 30, 2002 and 2001...............6

          Notes to Financial Statements........................................7

   Item 2. Management's Discussion and Analysis of Financial
            Condition and Results of Operations...............................14

   Item 3. Quantitative and Qualitative Disclosures About Market Risk.........16

   Item 4. Procedures and Controls............................................16

PART II. OTHER INFORMATION

   Item 1. Legal Proceedings..................................................16

   Item 5. Other Information..................................................16

   Item 6. Exhibits and Reports on Form 8-K...................................17

   Signatures ................................................................18

   Certifications.............................................................19


                                       2
<PAGE>


                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                                 BALANCE SHEETS
<TABLE>
<CAPTION>





                                                                   September 30, 2002              March 31, 2002
                                                                 -----------------------        ----------------------
                                                                      (unaudited)
                                                       ASSETS

<S>                                                           <C>                            <C>
Cash and cash equivalents                                     $               2,748,837      $              2,886,305
Funds held in escrow disbursement accounts                                            -                       591,512
Investments in limited partnerships (Note 3)                                 13,852,716                    13,125,199
Loans receivable (Note 2)                                                       624,241                       953,241
                                                                 -----------------------        ----------------------

                                                              $              17,225,794      $             17,556,257
                                                                 =======================        ======================


                                     LIABILITIES AND PARTNERS' EQUITY (DEFICIT)
Liabilities:
   Due to limited partnerships (Note 5)                       $               1,283,016      $              1,552,985
   Accrued fees and expenses due to General
      Partner and affiliates (Note 4)                                           319,367                       132,577
                                                                 -----------------------        ----------------------

Total liabilities                                                             1,602,383                     1,685,562
                                                                 -----------------------        ----------------------

Commitment and contingencies (Note 7)

Partners' equity (deficit):
   General Partner                                                               (2,378)                       (2,131)


   Limited Partners (25,000 units authorized and 18,850
      units issued and outstanding at
         September 30, and March 31, 2002)                                   15,625,789                    15,872,826
                                                                 -----------------------        ----------------------

Total partners' equity                                                       15,623,411                    15,870,695
                                                                 -----------------------        ----------------------

                                                              $              17,225,794      $             17,556,257
                                                                 =======================        ======================
</TABLE>

                 See accompanying notes to financial statements
                                       3
<PAGE>


                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                            STATEMENTS OF OPERATIONS

         For the Three and Six Months Ended September 30, 2002 and 2001
                                   (unaudited)
<TABLE>
<CAPTION>


                                                           2002                                        2001
                                          ----------------------------------------   -----------------------------------------
                                            Three Months            Six Months         Three Months             Six Months
                                          -----------------      -----------------   -----------------       -----------------

<S>                                     <C>                    <C>                 <C>                     <C>
Interest income                         $          26,289      $          38,801   $          29,097       $          79,385
                                          -----------------      -----------------   -----------------       -----------------

Operating expenses:
     Amortization (Note 3)                         14,229                 28,458              14,229                  28,458
     Asset management fees (Note 4)                 8,998                 17,996               2,909                  13,466
     Legal and accounting fees                      7,542                 18,401               6,456                  11,416
     Other                                          5,918                  9,733               3,213                   6,381
                                          -----------------      -----------------   -----------------       -----------------

       Total operating expenses                    36,687                 74,588              26,807                  59,721
                                          -----------------      -----------------   -----------------       -----------------

Income (loss) from operations                     (10,398)               (35,787)              2,290                  19,664
                                          -----------------      -----------------   -----------------       -----------------

Equity in losses of limited
partnerships (Note 3)                            (119,392)              (211,497)           (104,839)               (138,396)
                                          -----------------      -----------------   -----------------       -----------------

Net loss                                $        (129,790)     $        (247,284)  $        (102,549)      $        (118,732)
                                          =================      =================   =================       =================

Net loss allocated to:
     General Partner                    $            (130)     $            (247)  $            (103)      $            (119)
                                          =================      =================   =================       =================

     Limited Partners                   $        (129,660)     $        (247,037)  $        (102,446)      $        (118,613)
                                          =================      =================   =================       =================

Net loss per limited partnership unit   $              (7)     $             (13)  $              (5)      $              (6)
                                          =================      =================   =================       =================

Outstanding weighted average
   limited partner units                           18,850                 18,850              18,850                  18,850
                                          =================      =================   =================       =================
</TABLE>

                 See accompanying notes to financial statements
                                       4
<PAGE>


                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                     STATEMENT OF PARTNERS' EQUITY (DEFICIT)

                   For the Six Months Ended September 30, 2002
                                   (unaudited)
<TABLE>
<CAPTION>



                                 General Limited
                                                        Partner             Partners                Total
                                                    ----------------     ----------------     ------------------

<S>                                               <C>                  <C>                  <C>
Partners' equity (deficit) at March 31, 2002      $         (2,131)    $     15,872,826     $       15,870,695

Net loss                                                      (247)            (247,037)              (247,284)
                                                    ----------------     ----------------     ------------------

Partners' equity (deficit) at September 30, 2002  $         (2,378)    $     15,625,789     $       15,623,411
                                                    ================     ================     ==================
</TABLE>
                 See accompanying notes to financial statements
                                       5



<PAGE>


                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                            STATEMENTS OF CASH FLOWS

              For the Six Months Ended September 30, 2002 and 2001
                                   (unaudited)
<TABLE>
<CAPTION>

                                                                      2002                   2001
                                                                      ----                   ----
<S>                                                         <C>                      <C>
Cash flows from operating activities:
   Net loss                                                 $           (247,284)   $         (118,732)
   Adjustments to reconcile net income to net cash
      provided by operating activities:
      Amortization                                                        28,458                28,458
      Equity in losses of limited partnerships                           211,497               138,396
      Accrued interest payable                                           183,888                     -
      Accrued interest receivable                                              -                13,967
      Accrued fees and expenses due to General
       Partner and affiliates                                              2,902                40,522
                                                               -------------------      ----------------

Net cash provided by operating activities                                179,461               102,611
                                                               -------------------      ----------------

Cash flows from investing activities:
   Investments in limited partnerships, net                             (975,694)           (6,212,662)
   Funds held in escrow disbursement account                             591,512             4,510,172
   Loans receivable                                                      329,000               272,379
   Distributions from limited partnerships                                 8,222                     -
   Notes payable to limited partnerships                                (269,969)                    -
                                                               -------------------      ----------------

Net cash used in investing activities                                   (316,929)           (1,430,111)
                                                               -------------------      ----------------

Cash flows from financing activities:
   Capital contributions                                                       -               435,750
   Offering expenses                                                           -                (7,140)
                                                               -------------------      ----------------

Net cash provided by financing activities                                      -               428,610
                                                               -------------------      ----------------

Net decrease in cash and cash equivalents                               (137,468)             (898,890)
                                                               -------------------      ----------------

Cash and cash equivalents, beginning of period                         2,886,305             5,103,916
                                                               -------------------      ----------------

Cash and cash equivalents, end of period                    $          2,748,837     $       4,205,026
                                                               ===================      ================

SUPPLEMENTAL DISCLOSURE OF CASH
   FLOW INFORMATION
      Taxes paid                                            $                800     $             800
                                                               ===================      ================
</TABLE>

                 See accompanying notes to financial statements
                                       6

<PAGE>


                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                          NOTES TO FINANCIAL STATEMENTS
              For the Three and Six Months Ended September 30, 2002
                                   (unaudited)


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
---------------------------------------------------

General
-------

The accompanying  condensed unaudited financial statements have been prepared in
accordance with accounting principles generally accepted in the United States of
America for interim financial information and with the instructions to Form 10-Q
for quarterly  reports under Section 13 or 15(d) of the Securities  Exchange Act
of 1934.  Accordingly,  they do not include all of the information and footnotes
required by  accounting  principles  generally  accepted in the United States of
America for complete  financial  statements.  In the opinion of management,  all
adjustments (consisting of normal recurring accruals) considered necessary for a
fair  presentation  have been included.  Operating results for the three and six
months ended  September 30, 2002 are not  necessarily  indicative of the results
that may be  expected  for the fiscal year ending  March 31,  2003.  For further
information, refer to the financial statements and footnotes thereto included in
the Partnership's annual report on Form 10-K for the fiscal year ended March 31,
2002.

Organization
------------

WNC  Housing  Tax  Credit  Fund  VI,  L.P.,  Series  7,  (a  California  Limited
Partnership) (the  "Partnership")  was formed on June 16, 1997 under the laws of
the state of California.  The Partnership began operations on September 3, 1999,
the  effective  date of its public  offering  pursuant to Security  and Exchange
approval of the Partnership's  Pre-Effective  Amendment No. 3 to Form S-11 filed
with the  Securities and Exchange  Commission on July 16, 1999. The  Partnership
was formed to invest primarily in other limited partnerships (the "Local Limited
Partnerships")  which  own  and  operate  multi-family  housing  complexes  (the
"Housing  Complexes") that are eligible for low-income housing tax credits.  The
local  general  partners  (the "Local  General  Partners") of each Local Limited
Partnership will retain  responsibility for maintaining,  operating and managing
the Housing Complex.

The general partner is WNC & Associates, Inc. ("WNC") (the "General Partner"), a
California limited partnership. The chairman and president own substantially all
of the  outstanding  stock of WNC. The business of the  Partnership is conducted
primarily through WNC, as the Partnership has no employees of its own.

The Partnership shall continue in full force and effect until December 31, 2060,
unless terminated prior to that date, pursuant to the partnership agreement or
law.

The financial  statements  include only activity relating to the business of the
Partnership,  and do not give  effect to any assets that the  partners  may have
outside of their interests in the Partnership, or to any obligations,  including
income taxes, of the partners.

The  Partnership  agreement  authorized the sale of up to 25,000 units at $1,000
per  Unit  ("Units").  As of  September  30,  2002,  18,850  Units  representing
subscriptions  in the  amount  of  $18,828,745  had  been  sold,  net of  volume
discounts of $45 and $21,210 of dealer discounts, had been accepted. The General
Partner has a 0.1% interest in operating profits and losses,  taxable income and
losses,  cash available for distribution from the Partnership and tax credits of
the  Partnership.  The limited partners will be allocated the remaining 99.9% of
these items in proportion to their respective investments.

After the limited  partners  have received  proceeds from a sale or  refinancing
equal to their capital  contributions and their return on investment (as defined
in the  Partnership  Agreement)  and the General  Partner has received  proceeds
equal  to its  capital  contribution  and a  subordinated  disposition  fee  (as
described in Note 4) from the  remainder,  any  additional  sale or  refinancing
proceeds will be distributed 90% to the limited partners (in proportion to their
respective investments) and 10% to the General Partner.


                                       7
<PAGE>

                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                          NOTES TO FINANCIAL STATEMENTS
              For the Three and Six Months Ended September 30, 2002
                                   (unaudited)


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued
--------------------------------------------------------------

Risks and Uncertainties
-----------------------

The Partnership's  investments in Local Limited  Partnerships are subject to the
risks incident to the management and ownership of low-income  housing and to the
management and ownership of multi-unit  residential  real estate.  Some of these
risks  are that the  low-income  housing  credit  could be  recaptured  and that
neither the  Partnership's  investments  nor the Housing  Complexes owned by the
Local Limited Partnerships will be readily marketable. To the extent the Housing
Complexes  receive  government  financing  or operating  subsidies,  they may be
subject to one or more of the following risks: difficulties in obtaining tenants
for the Housing Complexes: difficulties in obtaining rent increases; limitations
on cash distributions; limitations on sales or refinancing of Housing Complexes;
limitations on transfers of Local Limited Partnership Interests:  limitations on
removal of Local General Partners; limitations on subsidy programs; and possible
changes in applicable regulations.  The Housing Complexes are or will be subject
to  mortgage  indebtedness.  If a Local  Limited  Partnership  does not make its
mortgage payments, the lender could foreclose resulting in a loss of the Housing
Complex  and  low-income  housing  credits.  As a limited  partner  of the Local
Limited Partnerships, the Partnership will have very limited rights with respect
to management of the Local  Limited  Partnerships,  and will rely totally on the
Local General  Partners of the Local Limited  Partnerships for management of the
Local Limited Partnerships.  The value of the Partnership's  investments will be
subject  to  changes  in  national  and  local  economic  conditions,  including
unemployment  conditions,  which could adversely  impact vacancy levels,  rental
payment  defaults and operating  expenses.  This, in turn,  could  substantially
increase  the  risk of  operating  losses  for  the  Housing  Complexes  and the
Partnership.  In addition,  each Local Limited  Partnership  is subject to risks
relating  to  environmental  hazards  and  natural  disasters,  which  might  be
uninsurable. Because the Partnership's operations will depend on these and other
factors  beyond  the  control  of the  General  Partner  and the  Local  General
Partners,  there can be no assurance  that the  anticipated  low-income  housing
credits will be available to Limited Partners.

In addition  Limited  Partners are subject to risks in that the rules  governing
the  low-income  housing credit are  complicated,  and the use of credits can be
limited.  The only  material  benefit  from an  investment  in Units  may be the
low-income  housing credits.  There are limits in the  transferability of Units,
and it is  unlikely  that a  market  for  Units  will  develop.  All  management
decisions will be made by the General Partner.

Method of Accounting for Investments in Limited Partnerships
------------------------------------------------------------

The Partnership  intends to account for its investments in limited  partnerships
using the equity method of accounting,  whereby the Partnership  will adjust its
investment balance for its share of the Local Limited  Partnership's  results of
operations and for any distributions  received.  The accounting  policies of the
Local  Limited  Partnerships  are  expected to be  consistent  with those of the
Partnership. Costs incurred by the Partnership in acquiring the investments will
be  capitalized  as part of the investment and amortized over 30 years (see Note
3).

Offering Expenses
-----------------

Offering  expenses are expected to consist of  underwriting  commissions,  legal
fees,  printing,  filing and  recordation  fees,  and other  costs  incurred  in
connection with the selling of limited partnership interests in the Partnership.
The General  Partner is obligated to pay all  offering  and  organization  costs
inclusive of selling commissions and dealer manager fees, in excess of 4% of the
total  offering  proceeds.  Offering  expenses  are  reflected as a reduction of
limited  partners'  capital and amounted to  $2,429,245 as of September 30, 2002
and March 31, 2002.

                                       8
<PAGE>

                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                          NOTES TO FINANCIAL STATEMENTS
                   For the Three and Six Months Ended September 30, 2002
                                   (unaudited)


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued
--------------------------------------------------------------

Use of Estimates
----------------

The preparation of financial statements in conformity with accounting principles
generally  accepted in the United States of America requires  management to make
estimates  and  assumptions  that  affect  the  reported  amounts  of assets and
liabilities  and disclosure of contingent  assets and liabilities at the date of
the  financial  statements,  and the  reported  amounts of revenues and expenses
during the reporting  period.  Actual results could materially differ from those
estimates.

Cash and Cash Equivalents
-------------------------

The  Partnership   considers  all  highly  liquid   investments  with  remaining
maturities of three months or less when purchased to be cash equivalents.  As of
September 30, 2002 and March 31, 2002 the  Partnership  had cash  equivalents of
$1,016,000 and $1,000,000,  respectively. These amounts consist primarily of tax
exempt  instruments  collateralized  by tax exempt  municipal bonds from various
municipalities  throughout the United  States.  These  instruments  generate tax
exempt yields and generally have 35 days or less maturities.

Concentration of Credit Risk
----------------------------

At September  30, 2002,  the  Partnership  maintained  cash  balances at certain
financial institutions in excess of the federally insured maximum.

Net Income Per Limited Partner Unit
-----------------------------------

Net income per limited  partnership unit is calculated  pursuant to Statement of
Financial  Accounting Standards No. 128, Earnings Per Share. Net income per unit
includes no dilution  and is computed by dividing  income  available  to limited
partners by the weighted average number of units outstanding  during the period.
Calculation of diluted net income per unit is not required.

Reporting Comprehensive Income
------------------------------

The  Statement of Financial  Accounting  Standards  ("SFAS") No. 130,  Reporting
Comprehensive  Income  established  standards  for the  reporting and display of
comprehensive  income (loss) and its components in a full set of general-purpose
financial statements. The Partnership had no items of other comprehensive income
for all the periods presented, as defined by SFAS No. 130.

New Accounting Pronouncements
-----------------------------

In October 2001, the FASB issued Statement of Financial Accounting Standards No.
144,  "Accounting  for the  Impairment or Disposal of Long-Lived  Assets" ("SFAS
144"), which addresses  accounting and financial reporting for the impairment or
disposal of long-lived assets.  SFAS 144 is effective for fiscal years beginning
after  December 15, 2001,  and generally,  is to be applied  prospectively.  The
Partnership  does  not  expect  SFAS  144  to  have  a  material  impact  on the
Partnership's financial position or results of operations.

In June 2002,  the FASB issued SFAS No. 146,  "Accounting  for Costs  Associated
with  Exit or  Disposal  Activities."  SFAS No.  146  addresses  accounting  and
reporting for costs  associated  with exit or disposal  activities and nullifies
Emerging  Issues Task Force Issue No. 94-3,  "Liability  Recognition for Certain
Employee  Termination  Benefits  and Other Costs to Exit an Activity  (Including
Certain  Costs  Incurred  in a  Restructuring)."  SFAS No. 146  requires  that a
liability for a cost associated with an exit or disposal  activity be recognized
and measured  initially at fair value when the  liability is incurred.  SFAS No.
146 is  effective  for exit or  disposal  activities  that are  initiated  after
December 31, 2002, with early application  encouraged.  The Partnership does not
expect  SFAS  146 to  have a  material  impact  on the  Partnership's  financial
position or results of operations.

                                       9

<PAGE>

                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                          NOTES TO FINANCIAL STATEMENTS
              For the Three and Six Months Ended September 30, 2002
                                   (unaudited)


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued
--------------------------------------------------------------

Reclassification
----------------

Certain  prior  period  balances  have  been  reclassified  to  conform  to  the
presentation for the six months ended September 30, 2002.

NOTE 2 - LOANS RECEIVABLE
-------------------------

Loans  receivable  represent  amounts loaned by the Partnership to certain Local
Limited  Partnerships  in  which  the  Partnership  may  invest  or has  already
invested.   These  loans  are  generally   applied  against  the  first  capital
contribution due if the Partnership  ultimately invests in such entities. In the
event that the Partnership does not invest in such entities, the loans are to be
repaid  with  interest  at a rate,  which is equal  to the rate  charged  to the
holder.  At September 30, 2002,  notes  receivable of $624,241 were due from two
Local Limited  Partnerships in which the Partnership owns a 99.98% interest (See
Note 7).

NOTE 3 - INVESTMENTS IN LIMITED PARTNERSHIPS
--------------------------------------------

As of  September  30, 2002 and March 31,  2002,  the  Partnership  has  acquired
limited partnership  interests in thirteen Local Limited  Partnerships,  each of
which owns one Housing  Complex  consisting  of an  aggregate  of 452  apartment
units. The respective general partners of the Local Limited  Partnerships manage
the day-to-day operations of the entities. Significant Local Limited Partnership
business decisions require approval from the Partnership.  The Partnership, as a
limited  partner,  is  generally  entitled to 99.98%,  as specified in the Local
Limited  Partnership  agreements,  of the operating profits and losses,  taxable
income and losses and tax credits of the Local Limited Partnerships.

As of December 4, 2002,  the  Partnership  had not  obtained  audited  financial
statements for one of its  investments,  Lake Village  Apartments,  L.P.  ("Lake
Village  Apartments"),  as of and for the period ended  December 31, 2001.  As a
result,  the  Partnership  has not included the  financial  information  of Lake
Village Apartments in the combined condensed  statements of operations presented
herein.  The  Partnership's   investment  in  Lake  Village  Apartments  totaled
$3,833,980  (unaudited) at September 30, 2002. The Partnership's interest in the
results of operations of Lake Village  Apartments totaled $0 (unaudited) for the
periods ended September 30, 2002 and 2001. The Lake Village  Apartments  Housing
Complex  completed its construction on June 21, 2002; as a result,  no equity in
losses have been recorded.

Equity  in  losses  of the  Local  Limited  Partnerships  is  recognized  in the
financial  statements until the related  investment account is reduced to a zero
balance. Losses incurred after the investment account is reduced to zero are not
recognized. If the Local Limited Partnerships report net income in future years,
the  Partnership  will resume applying the equity method only after its share of
such net  income  equals  the share of net  losses  not  recognized  during  the
period(s) the equity method was suspended.

Distributions  received by limited  partners are accounted for as a reduction of
the investment balance.  Distributions received after the investment has reached
zero are recognized as income. As of September 30, 2002, no investment  accounts
in Local Limited Partnerships had reached a zero balance.


                                       10

<PAGE>

                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                          NOTES TO FINANCIAL STATEMENTS
              For the Three and Six Months Ended September 30, 2002
                                   (unaudited)



NOTE 3 - INVESTMENTS IN LIMITED PARTNERSHIPS, continued
-------------------------------------------------------

Following  is a summary of the equity  method  activity  of the  investments  in
limited partnerships for the periods presented:
<TABLE>
<CAPTION>

                                                                For the Six Months             For the Year
                                                                      Ended                        Ended
                                                                September 30, 2002            March 31, 2002
                                                              -----------------------   ----------------------------

<S>                                                         <C>                       <C>
  Investment in limited partnerships, beginning of period   $            13,125,199   $                  9,482,570
  Capital contributions paid, net                                           600,492                      4,013,757
  Capital contributions payable                                             467,751                        310,954
  Equity in losses of limited partnerships                                 (211,497)                      (622,249)
  Distributions received from limited partnerships                           (8,222)                             -
  Amortization of capitalized acquisition fees and costs                    (28,458)                       (56,916)
  Tax credit adjustment                                                     (92,549)                        (2,917)
                                                              -----------------------   ----------------------------

  Investment in limited partnerships, end of period         $            13,852,716   $                 13,125,199
                                                              =======================   ============================
</TABLE>

Selected  financial  information for the six months ended September 30, 2002 and
2001 from the unaudited combined condensed  financial  statements of the limited
partnerships in which the Partnership has invested as follows:
<TABLE>
<CAPTION>

                                       COMBINED CONDENSED STATEMENT OF OPERATIONS

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

<S>                                                            <C>                    <C>
         Revenue                                               $           972,000    $          837,000
                                                                 -------------------    ------------------

         Expenses:
           Interest expense                                                361,000               376,000
           Depreciation                                                    323,000               150,000
           Operating expenses                                              500,000               450,000
                                                                 -------------------    ------------------
             Total expenses                                              1,184,000               976,000
                                                                 -------------------    ------------------
         Net loss                                              $          (212,000)   $         (139,000)
                                                                 ===================    ==================

          Net loss allocable to the Partnership                $          (211,000)   $         (139,000)
                                                                 ===================    ==================

          Net loss recorded by the Partnership                 $          (211,000)   $         (138,000)
                                                                 ===================    ==================
</TABLE>


                                       11

<PAGE>


                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                          NOTES TO FINANCIAL STATEMENTS
                   For the Six Months Ended September 30, 2002
                                   (unaudited)


NOTE 4 - RELATED PARTY TRANSACTIONS
-----------------------------------

The Partnership has no officers,  employees,  or directors.  However,  under the
terms of the  Partnership  Agreement the Partnership is obligated to the General
Partner or its affiliates for the following fees:

(a)  Acquisition  fees of 7% of the  gross  proceeds  from  the sale of Units as
     compensation  for services  rendered in connection  with the acquisition of
     Local  Limited  Partnerships.  As of September 30, 2002 and March 31, 2002,
     the  Partnership  incurred  acquisition  fees  of  $1,319,500.  Accumulated
     amortization  of these  capitalized  costs were  $100,863 and $78,869 as of
     September 30, 2002 and March 31, 2002, respectively.

(b)  Acquisition  costs of 2% of the gross  proceeds  from the sales of Units as
     full  reimbursement  of costs incurred by the General Partner in connection
     with the  acquisition  of Local Limited  Partnerships.  As of September 30,
     2002 and March 31, 2002,  the  Partnership  incurred  acquisition  costs of
     $377,000.  Accumulated amortization was $29,526 and $23,062 as of September
     30, 2002 and March 31, 2002, respectively.

(c)  An annual asset  management  fee not to exceed 0.2% of the invested  assets
     (defined as the Partnership's  capital  contributions  plus reserves of the
     Partnership of up to 5% of gross proceeds plus its allocable  percentage of
     the mortgage debt  encumbering the housing  complexes) of the Local Limited
     Partnerships.  Management  fees of $17,996 and $13,466 were incurred during
     the  six  months  ended   September   30,  2002  and  September  30,  2001,
     respectively.  The  Partnership  paid the General Partner or its affiliates
     $22,500 and $19,500 of those fees during the six months ended September 30,
     2002 and 2001, respectively.

(d)  A subordinated  disposition fee in an amount equal to 1% of the sales price
     of real estate  sold.  Payment of this fee is  subordinated  to the limited
     partners  receiving a return on investment  (as defined in the  Partnership
     Agreement)  and is payable  only if the General  Partner or its  affiliates
     render services in the sales effort.

The accrued fees and expenses due to the General Partner and affiliates  consist
of the following at:
<TABLE>
<CAPTION>

                                                                   September 30, 2002       March 31, 2002
                                                                  ----------------------   ------------------
<S>                                                             <C>                      <C>
         Interest and insurance proceeds payable to             $               270,490  $            86,602
           Local Limited Partnerships
         Organizational, offering and selling costs payable                       2,590                2,590
         Asset management fee payable                                            37,414               41,918
         Reimbursement for expenses paid by
           the General Partner or an affiliate                                    8,873                1,467
                                                                  ----------------------   ------------------

                                                                $               319,367  $           132,577
                                                                  ======================   ==================
</TABLE>

The General  Partners do not anticipate that the accrued fees will be paid until
such time as  capital  reserves  are in excess  of  future  foreseeable  working
capital requirements.


                                       12

<PAGE>


                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                          NOTES TO FINANCIAL STATEMENTS
              For the Three and Six Months Ended September 30, 2002
                                   (unaudited)


NOTE 5 - PAYABLES TO LIMITED PARTNERSHIPS
-----------------------------------------

Payables  to limited  partnerships  represent  amounts  which are due at various
times  based on  conditions  specified  in the  respective  limited  partnership
agreements.  These  contributions  are payable in installments and are generally
due upon the limited  partnerships  achieving certain  development and operating
benchmarks (generally within two years of the Partnership's initial investment).

NOTE 6 - INCOME TAXES
---------------------

No provision for income taxes has been recorded in the financial statements,  as
any  liability  for  income  taxes  is the  obligation  of the  partners  of the
Partnership.

NOTE 7 - COMMITMENTS AND CONTINGENCIES
--------------------------------------

During  the  year  ended  March  31,  2002,  WNC,  the  General  Partner  of the
Partnership  was  advised  that  Lake  Village   Apartments,   a  local  limited
partnership,  was in default of covenants  relating to certain loans advanced to
it for the construction of apartments. The defaults were primarily caused by the
general  contractor  failing to complete  the  construction  of the  development
according to the terms of the loans.  As a result of the foregoing,  at June 30,
2002, Lake Village  Apartments and a WNC affiliate  executed a workout agreement
with their lender (the "Agreement"), whereby the General Partner of Lake Village
Apartments was replaced by the  aforementioned  WNC  affiliate.  Pursuant to the
terms of the Agreement, the new general partner would cause additional equity to
be contributed to the local limited partnership,  a new general contractor would
complete the construction of the development,  and the lender, upon satisfaction
of certain  conditions of the Agreement as defined,  would  continue to fund the
completion of the construction,  among other costs. In addition, pursuant to the
Agreement,  the Partnership Agreement was amended, and the Partnership committed
to  additional  capital  contributions  of  $855,628,  an amount of $387,877 was
disbursed to an escrow account and further disbursed to Lake Village Apartments.
An amount of $544,241 had been  advanced to Lake Village by September  30, 2002.
Subsequent  to  September  30,  2002,  $467,751  of this  advance was applied to
capital contributions.

One Local Limited  Partnership,  ACN Southern Hills II, L.P. ("Southern Hills"),
in which the Partnership owns a 99.98% interest, had a construction loan payable
aggregating  approximately $1,100,000 as of December 31, 2001. Such construction
loan  due in  March  2002  was not  repaid.  In  September  2002  the  loan  was
successfully  refinanced with a first mortgage of $463,000 and a loan of $80,000
from the Partnership to Southern Hills. The Partnerships loan was subordinate to
the first  mortgage and  requires  payments to be made monthly and at the end of
the year from  available  cash flow.  The  Partnership  expects  this loan to be
collectible.

                                       13

<PAGE>



Item 2. Management's  Discussion and Analysis of Financial Condition and Results
of Operations

Forward-Looking Statements

With  the  exception  of  the  discussion  regarding   historical   information,
"Management's  Discussion  and  Analysis of Financial  Condition  and Results of
Operations"  and  other   discussions   elsewhere  in  this  Form  10-Q  contain
forward-looking  statements.  Such statements are based on current  expectations
subject to uncertainties and other factors,  which may involve known and unknown
risks that could cause actual  results of operations to differ  materially  from
those  projected or implied.  Further,  certain  forward-looking  statements are
based upon assumptions about future events, which may not prove to be accurate.

Risks and uncertainties inherent in forward-looking  statements include, but are
not  limited  to,  our  future  cash  flows and  ability  to  obtain  sufficient
financing, level of operating expenses, conditions in the low-income housing tax
credit property market and the economy in general, as well as legal proceedings.
Historical  results are not necessarily  indicative of the operating results for
any future period.

Subsequent  written and oral  forward-looking  statements  attributable to us or
persons  acting on our behalf  are  expressly  qualified  in their  entirety  by
cautionary  statements  in this Form 10-Q and in other reports we filed with the
Securities and Exchange  Commission.  The following discussion should be read in
conjunction  with the  Consolidated  Financial  Statements and the Notes thereto
included elsewhere in this filing.

The following discussion and analysis compares the results of operations for the
fiscal  quarter  ended  September  30,  2002 and  2001,  and  should  be read in
conjunction   with  the  condensed   consolidated   financial   statements   and
accompanying notes included within this report.

Financial Condition

The Partnership's assets at September 30, 2002 consisted primarily of $2,749,000
in cash and cash equivalent, aggregate investments in the thirteen Local Limited
Partnerships  of $13,853,000  and $624,000 in loans  receivable.  Liabilities at
September  30,  2002   primarily   consisted  of   $1,283,000   due  to  limited
partnerships, $49,000 of accrued asset management fees, commissions payable, and
reimbursements due to the General Partner or affiliates and $270,000 in interest
and insurance proceeds payable.

Results of Operations

Three Months Ended  September 30, 2002 Compared to Three Months Ended  September
30, 2001. The  Partnership's  net loss for the three months ended  September 30,
2002 was  $(130,000),  reflecting  an  increase  in loss of  $(27,000)  from the
$(103,000) net loss for the three months ended  September 30, 2001. The increase
in net loss was  primarily  due to an increase  of  approximately  $(14,000)  in
equity in losses of limited partnerships,  which increased to $(119,000) for the
three month period ended  September 30, 2002 from $(105,000) for the three month
period ended  September 30, 2001.  The increase in equity in losses from limited
partnerships  along with a change in income/(loss)  from operations of $(13,000)
to a loss of  $(11,000),  for the three months ended  September 30, 2002 from an
income of $2,000 for the three months ended  September 30, 2001. The increase in
loss from  operations  was  primarily  due to a decrease in  interest  income of
$3,000, an increase in asset management fees of $6,000 along with an increase in
other  operating  expenses of $4,000 for the three  months ended  September  30,
2002.

Six Months Ended  September 30, 2002 Compared to Six Months Ended  September 30,
2001. The Partnership's net loss for the six months ended September 30, 2002 was
$(247,000), reflecting an increase in loss of $(128,000) from the $(119,000) net
loss for the six months ended  September 30, 2001.  The increase in net loss was
primarily due to an increase of  approximately  $(73,000) in equity in losses of
limited  partnerships,  which  increased to $(211,000)  for the six month period
ended  September  30,  2002  from  $(138,000)  for the six  month  period  ended
September  30, 2001 along with an increase of  approximately  $(55,000)  in loss
from  operations,  which  increased to $(36,000)  for the six month period ended
September  30, 2002 from $20,000 for the six month period  ended  September  30,
2001.  The increase in loss from  operations  was primarily due to a decrease in
interest income of $40,000,  an increase in asset management fees of $5,000,  an
increase  in legal  and  accounting  fees of  $7,000  and an  increase  in other
operating expenses of $3,000 for the six months ended September 30, 2002.

                                       14
<PAGE>


Item 2. Management's  Discussion and Analysis of Financial Condition and Results
of Operations, continued

Cash Flows

Six Months Ended  September 30, 2002 Compared to Six Months Ended  September 30,
2001.  Net decrease in cash during the six months ended  September  30, 2002 was
$(137,000),  compared  to a net  decrease  in  cash  for the  six  months  ended
September  30, 2001 of  $(899,000)  reflecting  a decrease of $762,000  net cash
used.  The decrease in net cash used is due to a decrease of  $1,113,000 in cash
used by investing activities,  which was primarily due to a decrease in payments
of capital  contributions  to Local Limited  Partnerships.  The decrease in cash
used in  investing  activities  was offset by an increase of $77,000 in net cash
provided by operating  activities and a decrease of $428,000 in cash provided by
financing activities as the syndication process is completed.

The Partnership  expects its future cash flows,  together with its net available
assets at September 30, 2002, to be sufficient to meet all currently foreseeable
future cash requirements.


Other Matters

During  the  year  ended  March  31,  2002,  WNC,  the  General  Partner  of the
Partnership  was  advised  that  Lake  Village   Apartments,   a  local  limited
partnership,  was in default of covenants  relating to certain loans advanced to
it for the construction of apartments. The defaults were primarily caused by the
general  contractor  failing to complete  the  construction  of the  development
according to the terms of the loans.  As a result of the foregoing,  at June 30,
2002, Lake Village  Apartments and a WNC affiliate  executed a workout agreement
with their lender (the "Agreement"), whereby the General Partner of Lake Village
Apartments was replaced by the  aforementioned  WNC  affiliate.  Pursuant to the
terms of the Agreement, the new general partner would cause additional equity to
be contributed to the local limited partnership,  a new general contractor would
complete the construction of the development,  and the lender, upon satisfaction
of certain  conditions of the Agreement as defined,  would  continue to fund the
completion of the construction,  among other costs. In addition, pursuant to the
Agreement,  the Partnership Agreement was amended, and the Partnership committed
to  additional  capital  contributions  of  $855,628,  an amount of $387,877 was
disbursed to an escrow account and further disbursed to Lake Village Apartments.
An amount of $544,241 had been  advanced to Lake Village by September  30, 2002.
Subsequent  to  September  30,  2002,  $467,751  of this  advance was applied to
capital contributions.

One Local Limited  Partnership,  ACN Southern Hills II, L.P. ("Southern Hills"),
in which the Partnership owns a 99.98% interest, had a construction loan payable
aggregating  approximately $1,100,000 as of December 31, 2001. Such construction
loan  due in  March  2002  was not  repaid.  In  September  2002  the  loan  was
successfully  refinanced with a first mortgage of $463,000 and a loan of $80,000
from the Partnership to Southern Hills. The Partnerships loan was subordinate to
the first  mortgage and  requires  payments to be made monthly and at the end of
the year from  available  cash flow.  The  Partnership  expects  this loan to be
collectible.


Certain Local Limited  Partnerships have incurred  significant  operating losses
and  have  working  capital  deficiencies.  In the  event  these  Local  Limited
Partnerships continue to incur significant operating losses,  additional capital
contributions  by the  Partnership  and/or  the  Local  General  Partner  may be
required  to sustain  the  operations  of such Local  Limited  Partnerships.  If
additional  capital  contributions  are not made  when  they are  required,  the
Partnership's  investment in certain of such Local Limited Partnerships could be
impaired, and the loss and recapture of the related tax credits could occur.


                                       15
<PAGE>


Impact of New Accounting Pronouncements

In October 2001, the FASB issued Statement of Financial Accounting Standards No.
144,  "Accounting  for the  Impairment or Disposal of Long-Lived  Assets" ("SFAS
144"), which addresses  accounting and financial reporting for the impairment or
disposal of long-lived assets.  SFAS 144 is effective for fiscal years beginning
after  December 15, 2001,  and generally,  is to be applied  prospectively.  The
Partnership  does  not  expect  SFAS  144  to  have  a  material  impact  on the
Partnership's financial position or results of operations.

In June 2002,  the FASB issued SFAS No. 146,  "Accounting  for Costs  Associated
with  Exit or  Disposal  Activities."  SFAS No.  146  addresses  accounting  and
reporting for costs  associated  with exit or disposal  activities and nullifies
Emerging  Issues Task Force Issue No. 94-3,  "Liability  Recognition for Certain
Employee  Termination  Benefits  and Other Costs to Exit an Activity  (Including
Certain  Costs  Incurred  in a  Restructuring)."  SFAS No. 146  requires  that a
liability for a cost associated with an exit or disposal  activity be recognized
and measured  initially at fair value when the  liability is incurred.  SFAS No.
146 is  effective  for exit or  disposal  activities  that are  initiated  after
December 31, 2002, with early application  encouraged.  The Partnership does not
expect  SFAS  146 to  have a  material  impact  on the  Partnership's  financial
position or results of operations.

Item 3.   Quantitative and Qualitative Disclosures About Market Risk

          NOT APPLICABLE

Item 4.   Procedures and Controls

          Within  the 90 days  prior to the  date of this  report,  the  Company
          carried  out  an  evaluation,  under  the  supervision  and  with  the
          participation  of the  Company's  management,  including the Company's
          Chief  Executive   Officer  and  Chief  Financial   Officer,   of  the
          effectiveness of the design and operation of the Company's  disclosure
          controls and  procedures  pursuant to Exchange Act Rule 13a- 14. Based
          upon that evaluation,  the Chief Executive Officer and Chief Financial
          Officer   concluded  that  the  Company's   disclosure   controls  and
          procedures  are effective.  There were no  significant  changes in the
          Company's   internal   controls  or  in  other   factors   that  could
          significantly  affect these  controls  subsequent to the date of their
          evaluation.

Part II.  OTHER INFORMATION

Item 1.   Legal Proceedings

          NONE

Item 5.   Other Information

          Wilfred N. Cooper, Jr. has assumed the role of Chief Executive Officer
          of WNC & Associates.  Wilfred N. Cooper,  Sr. who previously  held the
          role of Chief Executive Officer remains the Chairman of The Board.


                                       16
<PAGE>


Item 6.  Exhibits and Reports on Form 8-K

(a)      Reports on Form 8-K.
         --------------------

1.       NONE

(b)      Exhibits.
         ---------

99.1     Certification  pursuant to 18 U.S.C.  Section 1350 as adapted pursuant
         to Section 906 of the Sarbanes-Oxley Act of 2002.

                                       17
<PAGE>


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.

WNC HOUSING TAX CREDIT FUND VI, L.P., Series 7
(Registrant)

By:   WNC & Associates, Inc., General Partner of the Registrants




By:   /s/ Wilfred N. Cooper, Jr.
       -------------------------
Wilfred N. Cooper, Jr.
President and Chief Operating Officer of WNC & Associates, Inc.

Date:  December 9, 2002




By:  /s/ Thomas J. Riha
     -------------------
Thomas J. Riha
Vice President and Chief Financial Officer of WNC & Associates, Inc.

Date:  December 9, 2002


                                       18
<PAGE>


                                 CERTIFICATIONS

     I,   Wilfred N. Cooper, Jr., certify that:

     1.   I have reviewed this quarterly  report on Form 10-Q of WNC Housing Tax
          Credit Fund VI, L.P. Series 7;

     2.   Based on my  knowledge,  this  quarterly  report  does not contain any
          untrue  statement of a material  fact or omit to state a material fact
          necessary to make the statements  made, in light of the  circumstances
          under which such  statements were made, not misleading with respect to
          the period covered by this quarterly report;

     3.   Based on my knowledge,  the financial statements,  and other financial
          information  included in this quarterly report,  fairly present in all
          material respects the financial  condition,  results of operations and
          cash flows of the registrant as of, and for, the periods  presented in
          this quarterly report;

     4.   The registrant's  other certifying  officers and I are responsible for
          establishing  and maintaining  disclosure  controls and procedures (as
          defined in Exchange  Act Rules  13a-14 and 15d-14) for the  registrant
          and we have:

          (a)  designed such  disclosure  controls and procedures to ensure that
               material  information  relating to the registrant,  including its
               consolidated  subsidiaries,  is made known to us by others within
               those  entities,  particularly  during  the  period in which this
               quarterly report is being prepared;

          (b)  evaluated  the  effectiveness  of  the  registrant's   disclosure
               controls and  procedures as of a date within 90 days prior to the
               filing date of this quarterly report (the "Evaluation Date"); and

          (c)  presented  in this  quarterly  report our  conclusions  about the
               effectiveness of the disclosure  controls and procedures based on
               our evaluation as of the Evaluation Date;

     5.   The registrant's other certifying officers and I have disclosed, based
          on our most recent  evaluation,  to the registrant's  auditors and the
          audit  committee  of  registrant's  board  of  directors  (or  persons
          performing the equivalent function):

          (a)  all  significant  deficiencies  in the  design  or  operation  of
               internal  controls which could adversely  affect the registrant's
               ability to record,  process,  summarize and report financial data
               and have  identified for the  registrant's  auditors any material
               weaknesses in internal controls; and

          (b)  any fraud,  whether or not material,  that involves management or
               other employees who have a significant  role in the  registrant's
               internal controls; and

     6.   The  registrant's  other  certifying  officers and I have indicated in
          this quarterly report whether or not there were significant changes in
          internal controls or in other factors that could significantly  affect
          internal   controls   subsequent  to  the  date  of  our  most  recent
          evaluation,   including   any   corrective   actions  with  regard  to
          significant deficiencies and material weaknesses.

     Date: December 9, 2002


     /s/ Wilfred N. Cooper, Jr
     -------------------------

     [Signature]

     President and Chief Executive Officer of WNC & Associates, Inc.


                                       19
<PAGE>


                                 CERTIFICATIONS

     I,   Thomas J. Riha, certify that:

     1.   I have reviewed this quarterly  report on Form 10-Q of WNC Housing Tax
          Credit Fund VI, L.P. Series 7;

     2.   Based on my  knowledge,  this  quarterly  report  does not contain any
          untrue  statement of a material  fact or omit to state a material fact
          necessary to make the statements  made, in light of the  circumstances
          under which such  statements were made, not misleading with respect to
          the period covered by this quarterly report;

     3.   Based on my knowledge,  the financial statements,  and other financial
          information  included in this quarterly report,  fairly present in all
          material respects the financial  condition,  results of operations and
          cash flows of the registrant as of, and for, the periods  presented in
          this quarterly report;

     4.   The registrant's  other certifying  officers and I are responsible for
          establishing  and maintaining  disclosure  controls and procedures (as
          defined in Exchange  Act Rules  13a-14 and 15d-14) for the  registrant
          and we have:

          (a)  designed such  disclosure  controls and procedures to ensure that
               material  information  relating to the registrant,  including its
               consolidated  subsidiaries,  is made known to us by others within
               those  entities,  particularly  during  the  period in which this
               quarterly report is being prepared;

          (b)  evaluated  the  effectiveness  of  the  registrant's   disclosure
               controls and  procedures as of a date within 90 days prior to the
               filing date of this quarterly report (the "Evaluation Date"); and

          (c)  presented  in this  quarterly  report our  conclusions  about the
               effectiveness of the disclosure  controls and procedures based on
               our evaluation as of the Evaluation Date;

     5.   The registrant's other certifying officers and I have disclosed, based
          on our most recent  evaluation,  to the registrant's  auditors and the
          audit  committee  of  registrant's  board  of  directors  (or  persons
          performing the equivalent function):

          (a)  all  significant  deficiencies  in the  design  or  operation  of
               internal  controls which could adversely  affect the registrant's
               ability to record,  process,  summarize and report financial data
               and have  identified for the  registrant's  auditors any material
               weaknesses in internal controls; and

          (b)  any fraud,  whether or not material,  that involves management or
               other employees who have a significant  role in the  registrant's
               internal controls; and

     6.   The  registrant's  other  certifying  officers and I have indicated in
          this quarterly report whether or not there were significant changes in
          internal controls or in other factors that could significantly  affect
          internal   controls   subsequent  to  the  date  of  our  most  recent
          evaluation,   including   any   corrective   actions  with  regard  to
          significant deficiencies and material weaknesses.

     Date: December 9, 2002


     /s/ Thomas J. Riha
     ------------------

     [Signature]

     Vice-President and Chief Financial Officer of WNC & Associates, Inc.


                                       20