REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS


BOARD OF DIRECTORS AND STOCKHOLDERS
JONES INTERCABLE, INC.


We have audited the  consolidated  balance  sheet of JONES  INTERCABLE,  INC. (a
Colorado  corporation)  and subsidiaries as of December 31, 1999 and the related
consolidated  statements of operations,  stockholders'  equity  (deficiency) and
cash  flows  for  the  year  then  ended.  These  financial  statements  are the
responsibility of the Company's management.  Our responsibility is to express an
opinion on these financial statements based on our audit.

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

In our opinion,  the financial  statements  referred to above present fairly, in
all material  respects,  the financial  position of Jones  Intercable,  Inc. and
subsidiaries  as of December 31, 1999,  and the results of their  operations and
their cash flows for the year then ended, in conformity with generally  accepted
accounting principles.



                                           /s/  ARTHUR ANDERSEN LLP



Denver, Colorado
  February 18, 2000