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 December 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:      333-76435


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


                              California 33-07615
          (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 Quarterly Period Ended December 31, 2002




PART I. FINANCIAL INFORMATION

   Item 1. Financial Statements

          Balance Sheets
            December 31, 2002 and March 31, 2002 ............................3

          Statements of Operations
            For the three months and nine months ended
            December 31, 2002 and 2001........................................4

          Statement of Partners' Equity (Deficit)
            For the nine months ended December 31, 2002.......................5

          Statements of Cash Flows
            For the nine months ended December 31, 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. Controls and Procedures...........................................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>

                                                                   December 31, 2002               March 31, 2002
                                                                 -----------------------        ----------------------
                                                                      (unaudited)
                                                       ASSETS

<S>                                                           <C>                            <C>
Cash and cash equivalents                                     $               2,744,520      $              2,886,305
Funds held in escrow disbursement accounts                                            -                       591,512
Investments in limited partnerships (Note 3)                                 13,459,688                    13,125,199
Loans receivable (Note 2)                                                       133,727                       953,241
                                                                 -----------------------        ----------------------

                                                              $              16,337,935      $             17,556,257
                                                                 =======================        ======================


                                     LIABILITIES AND PARTNERS' EQUITY (DEFICIT)
Liabilities:
   Payables to limited partnerships (Note 5)                  $                 815,265      $              1,552,985
   Accrued fees and expenses due to General
      Partner and affiliates (Note 4)                                           310,166                       132,577
                                                                 -----------------------        ----------------------

Total liabilities                                                             1,125,431                     1,685,562
                                                                 -----------------------        ----------------------

Commitment and contingencies (Note 7)

Partners' equity (deficit):
   General Partner                                                               (2,789)                       (2,131)


   Limited Partners (25,000 units authorized and 18,850
      units issued and outstanding at
         December 31, and March 31, 2002)                                    15,215,293                    15,872,826
                                                                 -----------------------        ----------------------

Total partners' equity                                                       15,212,504                    15,870,695
                                                                 -----------------------        ----------------------

                                                              $              16,337,935      $             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 Nine Months Ended December 31, 2002 and 2001
                                   (unaudited)


<TABLE>
<CAPTION>
                                                           2002                                        2001
                                          ----------------------------------------   -----------------------------------------
                                            Three Months           Nine Months         Three Months            Nine Months
                                          -----------------      -----------------   -----------------       -----------------

<S>                                     <C>                    <C>                 <C>                     <C>
Interest income                         $           8,582      $          47,383   $           23,357      $         102,742
                                          -----------------      -----------------   -----------------       -----------------

Operating expenses:
     Amortization (Note 3)                         14,229                 42,687               14,229                 42,687
     Asset management fees (Note 4)                16,719                 34,715               12,405                 25,871
     Legal and accounting fees                      7,768                 26,169               17,835                 29,251
     Other                                          2,974                 12,707               28,938                 35,319
                                          -----------------      -----------------   -----------------       -----------------

       Total operating expenses                    41,690                116,278               73,407                133,128
                                          -----------------      -----------------   -----------------       -----------------

Loss from operations                              (33,108)               (68,895)            (50,050)               (30,386)
                                          -----------------      -----------------   -----------------       -----------------

Equity in losses of limited
partnerships (Note 3)                            (377,799)              (589,296)            (64,289)               (202,685)
                                          -----------------      -----------------   -----------------       -----------------

Net loss                                $        (410,907)     $        (658,191)  $        (114,339)      $       (233,071)
                                          =================      =================   =================       =================

Net loss allocated to:
     General Partner                    $            (411)     $            (658)  $            (114)      $           (233)
                                          =================      =================   =================       =================

     Limited Partners                   $        (410,496)     $        (657,533)  $        (114,225)      $       (232,838)
                                          =================      =================   =================       =================

Net loss per limited partnership unit   $             (22)     $             (35)  $              (6)      $             (13)
                                          =================      =================   =================       =================

Outstanding weighted average
   limited partner units                           18,850                 18,850              18,550                  18,550
                                          =================      =================   =================       =================
</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 Nine Months Ended December 31, 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                                                      (658)            (657,533)              (658,191)
                                                    ----------------     ----------------     ------------------

Partners' equity (deficit) at December 31, 2002   $         (2,789)    $     15,215,293     $       15,212,504
                                                    ================     ================     ==================

</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 Nine Months Ended December 31, 2002 and 2001
                                   (unaudited)
<TABLE>
<CAPTION>

                                                                      2002                   2001
                                                                      ----                   ----
Cash flows from operating activities:
<S>                                                         <C>                      <C>
   Net loss                                                 $            (658,191)   $         (233,071)
   Adjustments to reconcile net income to net cash
      provided by operating activities:
      Amortization                                                        42,687                42,687
      Equity in losses of limited partnerships                           589,296               202,685
      Accrued interest receivable                                              -                38,738
      Accrued fees and expenses due to General
       Partner and affiliates                                            177,589                 8,614
                                                               -------------------      ----------------

Net cash provided by operating activities                                151,381                59,653
                                                               -------------------      ----------------

Cash flows from investing activities:
   Investments in limited partnerships, net                            (1,225,662)           (6,479,024)
   Funds held in escrow disbursement account                             591,512             5,047,972
   Loans receivable                                                      331,762               220,196
   Distributions from limited partnerships                                 9,222                     -

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

Net cash used in investing activities                                    (293,166)           (1,210,856)
                                                               -------------------      ----------------

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                                (141,785)             (722,593)
                                                               -------------------      ----------------

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

Cash and cash equivalents, end of period                    $          2,744,520     $       4,381,323
                                                               ===================      ================

SUPPLEMENTAL DISCLOSURE OF CASH
   FLOW INFORMATION
      Taxes paid                                            $                800     $             800
                                                               ===================      ================

      Application of notes receivable to
      Payables to limited partnerships                      $             487,752    $                -
                                                               ===================      ================
</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 Quarterly Period Ended December 31, 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 nine
months ended  December 31, 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  December  31,  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 - CONTINUED
                For the Quarterly Period Ended December 31, 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 December 31, 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 - CONTINUED
                For the Quarterly Period Ended December 31, 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
December 31, 2002 and March 31, 2002 the  Partnership  had cash  equivalents  of
$1,020,000 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 December  31,  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. SFAS 144
is not  expected  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.  SFAS 146 is not expected
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 - CONTINUED
                For the Quarterly Period Ended December 31, 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 nine months ended December 31, 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 December 31, 2002,  loans  receivable  of $133,727 were due from two
Local Limited  Partnerships in which the Partnership owns a 99.98% interest (See
Note 7). One of the loans in the amount of $80,000,  is in the form of a 20 year
promissory  note,  is  subordinate  to the  first  mortgage  on  the  respective
property,  due in full on August 30, 2022 and earns interest at a rate of 8% per
annum.

NOTE 3 - INVESTMENTS IN LIMITED PARTNERSHIPS

As of December 31, 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 446  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 31, 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
$3,695,926 at December 31, 2002.  The  Partnership's  interest in the results of
operations of Lake Village  Apartments totaled $(138,054) and $0 (unaudited) for
the nine months ended  December 31, 2002 and 2001.  The Lake Village  Apartments
Housing Complex completed its construction on June 21, 2002.

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 December 31, 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 - CONTINUED
                For the Quarterly Period Ended December 31, 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 Nine Months             For the Year
                                                                      Ended                        Ended
                                                                December 31, 2002             March 31, 2002
                                                              -----------------------   ----------------------------

<S>                                                         <C>                       <C>
  Investment in limited partnerships, beginning of period   $            13,125,199   $                  9,482,570
  Capital contributions paid, net                                           763,079                      4,013,757
  Capital contributions payable                                              212,615                       310,954
  Equity in losses of limited partnerships                                 (589,296)                      (622,249)
  Distributions received from limited partnerships                           (9,222)                             -
  Amortization of capitalized acquisition fees and costs                    (42,687)                       (56,916)
  Tax credit adjustment                                                           -                         (2,917)
                                                              -----------------------   ----------------------------

  Investment in limited partnerships, end of period         $            13,459,688   $                 13,125,199
                                                              =======================   ============================
</TABLE>

Selected  financial  information for the nine months ended December 31, 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                                               $         1,448,000    $       1,158,000
                                                                 -------------------    ------------------

         Expenses:
           Interest expense                                               478,000               431,000
           Depreciation                                                   483,000               310,000
           Operating expenses                                             938,000               620,000
                                                                 -------------------    ------------------
             Total expenses                                             1,899,000              1,361,000
                                                                 -------------------
                                                                                        ------------------
         Net loss                                              $        (451,0000)    $        (203,000)
                                                                 ===================    ==================

          Net loss allocable to the Partnership                $        (451,0000)    $        (203,000)
                                                                 ===================    ==================

         Net loss allocable to the Partnership
           from Lake Village                                             (138,000)                     -

          Net loss recorded by the Partnership                 $        (589,0000)    $        (203,000)
                                                                 ===================    ==================
</TABLE>
                                       11
<PAGE>


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

                    NOTES TO FINANCIAL STATEMENTS - CONTINUED
                For the Quarterly Period Ended December 31, 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 December 31, 2002 and March 31,
          2002,  the  Partnership   incurred  acquisition  fees  of  $1,319,500.
          Accumulated  amortization of these capitalized costs were $111,860 and
          $78,869 as of December 31, 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
          December  31,  2002 and  March  31,  2002,  the  Partnership  incurred
          acquisition  costs of $377,000.  Accumulated  amortization was $32,758
          and $23,062 as of December 31, 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
          $34,715  and  $25,871  were  incurred  during  the nine  months  ended
          December 31, 2002 and December 31, 2001, respectively. The Partnership
          paid the  General  Partner or its  affiliates  $40,133  and $19,500 of
          those fees during the nine months  ended  December  31, 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>

                                                                    December 31, 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                                            36,500               41,918
         Reimbursement for expenses paid by
           the General Partner or an affiliate                                      586                1,467
                                                                  ----------------------   ------------------

                                                                $               310,166  $           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 - CONTINUED
                For the Quarterly Period Ended December 31, 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  as a result  of  obtaining
additional tax credits, 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. On October 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 20 year loan of
$80,000  from the  Partnership  to Southern  Hills.  The  Partnership's  loan is
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 the
$80,000 loan to be collectible in full.

                                       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
three and nine months ended  December  31, 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 December 31, 2002 consisted primarily of $2,745,000
in cash  and cash  equivalents,  aggregate  investments  in the  thirteen  Local
Limited   Partnerships  of  $13,460,000   and  $134,000  in  loans   receivable.
Liabilities at December 31, 2002 primarily  consisted of $815,000 due to limited
partnerships, $40,000 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 to affiliates.

Results of Operations

Three Months Ended December 31, 2002 Compared to Three Months Ended December 31,
2001.  The  Partnership's  net loss for the three months ended December 31, 2002
was $(411,000), reflecting an increase in loss of $(297,000) from the $(114,000)
net loss for the three months ended  December 31, 2001. The increase in net loss
was primarily due to an increase of approximately $(314,000) in equity in losses
of limited  partnerships,  which  increased  to  $(378,000)  for the three month
period ended  December 31, 2002 from  $(64,000) for the three month period ended
December  31,  2001,  due to the  completion  of  construction  and  lease-up of
additional   properties.   The   increase  in  equity  in  losses  from  limited
partnerships  was offset by a decrease in loss from operations of $(17,000) to a
loss of $(33,000),  for the three months ended  December 31, 2002 from a loss of
$(50,000)  for the three  months ended  December 31, 2001.  The decrease in loss
from  operations  was primarily due to a decrease in interest  income of $14,000
due to lower  interest  rates and balance of cash on hand,  an increase in asset
management fees of $4,000, which was offset by decreases in legal and accounting
fees or $1,000 and other  operating  expenses of $(26,000)  for the three months
ended December 31, 2002.

Nine Months Ended  December 31, 2002 Compared to Nine Months Ended  December 31,
2001. The Partnership's net loss for the nine months ended December 31, 2002 was
$(658,000), reflecting an increase in loss of $(425,000) from the $(233,000) net
loss for the nine months ended  December 31, 2001.  The increase in net loss was
primarily due to an increase of approximately  $(386,000) in equity in losses of
limited  partnerships,  which  increased to $(589,000) for the nine month period
ended December 31, 2002 from $(203,000) for the nine month period ended December
31, 2001. Along with the increase in equity in losses from limited partnerships,
loss from  operations  increased by  $(39,000)  to $(69,000)  for the nine month
period ended  December 31, 2002 from  $(30,000)  for the nine month period ended
December 31, 2001.  The increase in loss from  operations was primarily due to a
decrease in interest  income of $56,000 due to lower  interest rates and balance
of cash on hand,  an  increase  in asset  management  fees of $9,000,  which was
offset by decreases in legal and accounting fees and other operating expenses of
$(25,000) for the three months ended December 31, 2002.

                                       14
<PAGE>

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

Cash Flows

Nine Months Ended  December 31, 2002 Compared to Nine Months Ended  December 31,
2001.  Net decrease in cash during the nine months  ended  December 31, 2002 was
$(142,000),  compared  to a net  decrease  in cash  for the  nine  months  ended
December 31, 2001 of $(723,000) reflecting a decrease of $581,000 net cash used.
The  decrease  in net cash used is due to a decrease of $918,000 in cash used by
investing  activities,  which was  primarily  due to a decrease  in  payments of
capital  contributions  to Local  Partnerships.  The  decrease  in cash  used in
investing  activities  was offset by an increase of $91,000 in net cash provided
by operating activities and a decrease of $429,000 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 December 31, 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  as a result  of  obtaining
additional tax credits, 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 December 31, 2002.  Subsequent to December 31, 2002,
$467,751 of this advance was applied to capital  contributions.  Construction of
the  development  has completed and the management  company is in the process of
leasing the units.

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 20 year loan of
$80,000  from the  Partnership  to  Southern  Hills.  The  Partnerships  loan is
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 in full.

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. SFAS 144
is not  expected  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.  SFAS 146 is not expected
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. Controls and Procedures

     Within the 90 days prior to the date of this report, the General Partner of
     the Partnership  carried out an evaluation,  under the supervision and with
     the participation of the General  Partnership's  management,  including the
     General Partner's Chief Executive Officer and Chief Financial  Officer,  of
     the  effectiveness  of  the  design  and  operation  of  the  Partnership'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 Partnership's disclosure controls and procedures
     are  effective.  There were no  significant  changes  in the  Partnership's
     internal controls or in other factors that could significantly affect these
     controls subsequent to the date of their evaluation.



                                       16
<PAGE>



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.

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 adopted  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:  February 25, 2003




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

Date:  February 25, 2003


                                       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  officer 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 officer 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 officer 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:  February 25, 2003


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

        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  officer 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 officer 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 officer 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:  February 25, 2003


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

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

                                       20