SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q
QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
/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
/ / Transition report pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
For the transition period from _____ to _____
Commission file number: 0-18497
Fidelity Leasing Income Fund VI, L.P.
_______________________________________________________________________________
(Exact name of registrant as specified in its charter)
Delaware 23-2540929
_______________________________________________________________________________
(State of organization) (I.R.S. Employer Identification No.)
1845 Walnut Street, Suite 1000, Philadelphia, Pennsylvania 19103
_______________________________________________________________________________
(Address of principal executive offices) (Zip code)
(215) 574-1636
_______________________________________________________________________________
(Registrant's telephone number, including area code)
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 regis-
trant was required to file such reports), and (2) has been subject to such fil-
ing requirements for the past 90 days.
Yes __X__ No _____
Page 1 of 19
Part I: Financial Information
Item 1: Financial Statements
FIDELITY LEASING INCOME FUND VI, L.P.
BALANCE SHEETS
ASSETS
(Unaudited) (Audited)
September 30, December 31,
2002 2001
_____________ ____________
Cash and cash equivalents $3,831,307 $4,177,291
Accounts receivable 121,533 291,958
Due from related parties 16,185 17,397
Net investment in direct financing
leases 938,311 4,008,473
Equipment under operating leases
(net of accumulated depreciation
of $607,945 and $513,083, respectively) 265,139 370,035
Equipment held for sale or lease 431,255 431,255
__________ __________
Total assets $5,603,730 $9,296,409
========== ==========
LIABILITIES AND PARTNERS' CAPITAL
Liabilities:
Lease rents paid in advance $ 52,602 $ 55,888
Accounts payable and
accrued expenses 46,889 19,889
Due to related parties 9,660 25,248
__________ __________
Total liabilities 109,151 101,025
Partners' capital 5,494,579 9,195,384
__________ __________
Total liabilities and
partners' capital $5,603,730 $9,296,409
========== ==========
The accompanying notes are an integral part of these financial statements.
2
FIDELITY LEASING INCOME FUND VI, L.P.
STATEMENTS OF OPERATIONS
(Unaudited)
Three Months Ended Nine Months Ended
September 30 September 30
2002 2001 2002 2001
____ ____ ____ ____
Income:
Earned income on direct
financing leases $ 28,578 $106,871 $179,769 $360,274
Rentals 42,230 44,325 133,643 211,594
Interest 26,564 30,464 74,978 75,398
Gain on sale of equipment,
net - - - 46,259
Other 24,115 8,663 27,720 15,905
________ ________ ________ ________
121,487 190,323 416,110 709,430
________ ________ ________ ________
Expenses:
Depreciation 32,735 32,735 104,896 150,848
General and administrative 33,205 35,862 120,052 98,492
General and administrative
to related party 41,984 43,111 121,921 111,551
Management fee to related
party 9,565 20,320 60,046 61,719
________ ________ ________ ________
117,489 132,028 406,915 422,610
________ ________ ________ ________
Net income $ 3,998 $ 58,295 $ 9,195 $286,820
======== ======== ======== ========
Net income per equivalent
limited partnership unit $ - $ 1.93 $ - $ 9.53
======== ======== ======== ========
Weighted average number of
equivalent limited partnership
units outstanding during the
period 22,823 29,716 24,765 29,756
======== ======== ======== ========
The accompanying notes are an integral part of these financial statements.
3
FIDELITY LEASING INCOME FUND VI, L.P.
STATEMENT OF PARTNERS' CAPITAL
For the nine months ended September 30, 2002
(Unaudited)
General Limited Partners
Partner Units Amount Total
_______ _____ ______ _____
Balance, January 1, 2002 $24,450 75,264 $9,170,934 $9,195,384
Cash distributions (37,100) - (3,672,900) (3,710,000)
Net income 9,195 - - 9,195
_______ ______ __________ __________
Balance, September 30, 2002 ($ 3,455) 75,264 $5,498,034 $5,494,579
======= ====== ========== ==========
The accompanying notes are an integral part of these financial statements.
4
FIDELITY LEASING INCOME FUND VI, L.P.
STATEMENTS OF CASH FLOWS
For the nine months ended September 30, 2002 and 2001
(Unaudited)
2002 2001
____ ____
Cash flows from operating activities:
Net income $ 9,195 $ 286,820
__________ __________
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation 104,896 150,848
Gain on sale of equipment, net - (46,259)
(Increase) decrease in accounts receivable 170,425 (34,623)
(Increase) decrease in due from related
parties 1,212 4,832
Increase (decrease) in lease rents paid
in advance (3,286) 9,983
Increase (decrease) in accounts payable and
accrued expenses 27,000 (14,345)
Increase (decrease) in due to related
parties (15,588) (18,894)
__________ __________
284,659 51,542
__________ __________
Net cash provided by operating activities 293,854 338,362
__________ __________
Cash flows from investing activities:
Investment in direct financing leases - (652,894)
Proceeds from sale of equipment - 103,355
Proceeds from direct financing leases,
net of earned income 3,070,162 2,188,254
__________ __________
Net cash provided by investing activities 3,070,162 1,638,715
__________ __________
Cash flows from financing activities:
Distributions (3,710,000) (315,000)
__________ __________
Net cash used in financing activities (3,710,000) (315,000)
__________ __________
Increase (decrease) in cash and cash
equivalents (345,984) 1,662,077
Cash and cash equivalents, beginning
of period 4,177,291 1,982,752
__________ __________
Cash and cash equivalents, end of period $3,831,307 $3,644,829
========== ==========
The accompanying notes are an integral part of these financial statements.
5
FIDELITY LEASING INCOME FUND VI, L.P.
NOTES TO FINANCIAL STATEMENTS
September 30, 2002
(Unaudited)
The accompanying unaudited condensed financial statements have been prepared
by the Fund in accordance with accounting principles generally accepted in
the United States of America, pursuant to the rules and regulations of the
Securities and Exchange Commission. In the opinion of Management, all ad-
justments (consisting of normal recurring accruals) considered necessary for
a fair presentation have been included.
1. EQUIPMENT LEASED
The Fund has equipment leased under the direct financing method in accor-
dance with Statement of Financial Accounting Standards No. 13. This
method provides for recognition of income (the excess of the aggregate
future rentals and unguaranteed residuals upon expiration of the lease
over the related equipment cost) over the life of the lease using the
interest method. The Fund's direct financing leases are for initial
lease terms ranging from 24 to 59 months.
Unguaranteed residuals for direct financing leases represent the estimated
amounts recoverable at lease termination from lease extensions or disposi-
tion of the equipment. The Fund reviews these residual values quarterly.
If the equipment's fair market value is below the estimated residual value,
an adjustment is made.
The approximate net investment in direct financing leases as of Septem-
ber 30, 2002 is as follows (unaudited):
Minimum lease payments to be received $713,000
Unguaranteed residuals 270,000
Unearned rental income (26,000)
Unearned residual income (19,000)
________
$938,000
========
The Fund also has equipment under operating leases. The Fund's operating
leases are for initial lease terms of 58 to 60 months. Generally, operat-
ing leases will not recover all of the undepreciated cost and related ex-
penses of its rental equipment during the initial lease terms and the Fund
is prepared to remarket the equipment. Fund policy is to review quarterly
the expected economic life of its rental equipment in order to determine
the recoverability of its undepreciated cost. Recent and anticipated
technological developments affecting the equipment and competitive factors
in the marketplace are considered among other things, as part of this re-
6
FIDELITY LEASING INCOME FUND VI, L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
1. EQUIPMENT LEASED (Continued)
view. In accordance with accounting principles generally accepted in the
United States of America, the Fund writes down its rental equipment to its
estimated net realizable value when the amounts are reasonably estimated
and only recognizes gains upon actual sale of its rental equipment.
The future approximate minimum rentals to be received on noncancellable
direct financing and operating leases as of September 30, 2002 are as
follows (unaudited):
Direct
Years Ending December 31 Financing Operating
________________________ _________ _________
2002 $216,000 $ 42,000
2003 478,000 117,000
2004 19,000 -
________ ________
$713,000 $159,000
======== ========
2. RELATED PARTY TRANSACTIONS
The General Partner receives 5% or 2% of rental payments from equipment
under operating leases and full pay-out leases, respectively, for adminis-
trative and management services performed on behalf of the Fund. Full pay-
out leases are noncancellable leases for which rental payments during the
initial term are at least sufficient to recover the purchase price of the
equipment, including acquisition fees. This management fee is paid monthly
only if and when the Limited Partners have received distributions for the
period from January 1, 1990 through the end of the most recent quarter
equal to a return for such period at a rate of 12% per year on the
aggregate amount paid for their units.
The General Partner may also receive up to 3% of the proceeds from the
sale of the Fund's equipment for services and activities to be performed
in connection with the disposition of equipment. The payment of this sales
fee is deferred until the Limited Partners have received cash distributions
equal to the purchase price of their units plus a 12% cumulative compounded
priority return. Based on current estimates, it is not expected that the
Fund will be required to pay this sales fee to the General Partner.
Additionally, the General Partner and its parent company are reimbursed by
the Fund for certain costs of services and materials used by or for the
Fund except those items covered by the above-mentioned fees. Following is
7
FIDELITY LEASING INCOME FUND VI, L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
2. RELATED PARTY TRANSACTIONS (Continued)
a summary of fees and costs of services and materials charged by the
General Partner or its parent company during the three and nine months
ended September 30, 2002 and 2001 (unaudited):
Three Months Ended Nine Months Ended
September 30 September 30
2002 2001 2002 2001
____ ____ ____ ____
Management fee $ 9,565 $20,320 $ 60,046 $ 61,719
Reimbursable costs 41,984 43,111 121,921 111,551
During the first quarter of 2001, the Fund transferred its checking and
investment accounts from Hudson United Bank to The Bancorp.com, Inc.
(TBI). The son and the spouse of the Chairman of Resource America, Inc.
are the Chairman and Chief Executive Officer, respectively, of TBI. The
Fund maintains a normal banking relationship with TBI.
Amounts due from related parties at September 30, 2002 and December 31,
2001 represent monies due the Fund from the General Partner and/or other
affiliated funds for rentals and sales proceeds collected and not yet re-
mitted to the Fund.
Amounts due to related parties at September 30, 2002 and December 31, 2001
represent monies due to the General Partner for the fees and costs men-
tioned above, as well as, rentals and sales proceeds collected by the Fund
on behalf of other affiliated funds.
3. CASH DISTRIBUTION
The General Partner declared and paid two cash distributions of $35,000
each and one cash distribution of $1,000,000 subsequent to September 30,
2002 for each of the months ended July 31, August 31 and September 30,
2002 for an aggregate of $1,070,000 to all admitted partners as of July 31,
August 31 and September 30, 2002.
8
FIDELITY LEASING INCOME FUND VI, L.P.
Item 2: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS
RESULTS OF OPERATIONS
Fidelity Leasing Income Fund VI, L.P. had revenues of $121,487 and $190,323
for the three months ended September 30, 2002 and 2001, respectively, and
$416,110 and $709,430 for the nine months ended September 30, 2002 and 2001,
respectively. Earned income on direct financing leases and rental income from
the leasing of equipment accounted for 58% and 79% of total revenues for the
third quarter of 2002 and 2001, respectively and 75% and 81% of total revenues
for the nine months ended September 30, 2002 and 2001, respectively. The de-
crease in total revenues during the first nine months of 2002 was primarily
attributable to the decrease in earned income on direct financing leases.
Earned income on direct financing leases decreased because of the normal
monthly amortization of unearned income using the interest method. Addi-
tionally, the early termination of certain direct financing leases during
the last two quarters of 2001 and the first nine months of 2002 accounted
for the decrease in earned income on direct financing leases during the nine
months ended September 30, 2002. The decrease in rental income also accounted
for the overall decrease in revenues during the first nine months of 2002.
Rental income decreased by approximately $78,000 because of equipment that
terminated and was sold during 2001 and 2002. The decrease in net gain on
sale of equipment during the nine months ended September 30, 2002 also con-
tributed to the decrease in total revenues during this period. There was no
net gain on sale of equipment recognized during the first nine months of 2002
compared to $46,259 recognized for the same period in 2001. However, the
increase in other income served to mitigate the overall decrease in revenues
during the nine months ended September 30, 2002. Other income increased
because of an increase in transfer fees received for investor account
transfers in 2002 compared to 2001.
Expenses were $117,489 and $132,028 for the three months ended Septem-
ber 30, 2002 and 2001, respectively, and $406,915 and $422,610 for the nine
months ended September 30, 2002 and 2001, respectively. Depreciation expense
comprised 28% and 25% of total expenses for the third quarter of 2002 and
2001, respectively and 26% and 36% of total expenses for the nine months
ended September 30, 2002 and 2001, respectively. The decrease in expenses
for the nine months ended September 30, 2002 was primarily related to the
decrease in depreciation expense resulting from equipment under operating
leases that terminated and was sold during 2001 and 2002. However, the in-
crease in general and administrative expense and general and administrative
expense to related party reduced the overall decrease in expenses in 2002.
General and administrative expense increased because of the increase in the
various costs incurred to operate the Fund on a daily basis. General and
administrative expense to related party increased during the first nine months
of 2002 because of the increase in expenses incurred by the General Partner to
manage the Fund.
The Fund's net income was $3,998 and $58,295 for the three months ended
September 30, 2002 and 2001, respectively, and $9,195 and $286,820 for the
nine months ended September 30, 2002 and 2001, respectively. The earnings per
equivalent limited partnership unit, after earnings allocated to the General
Partner, were $0.00 and $1.93 based on a weighted average number of equivalent
9
FIDELITY LEASING INCOME FUND VI, L.P.
Item 2: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS (Continued)
RESULTS OF OPERATIONS (Continued)
limited partnership units outstanding of 22,823 and 29,716 for the three months
ended September 30, 2002 and 2001, respectively. The earnings per equivalent
limited partnership unit, after earnings allocated to the General Partner, were
$0.00 and $9.53 based on a weighted average number of equivalent limited
partnership units outstanding of 24,765 and 29,756 for the nine months ended
September 30, 2002 and 2001, respectively.
The Fund generated cash from operations of $36,733 and $91,030, for the
purpose of determining cash available for distribution, during the quarter
ended September 30, 2002 and 2001, respectively. The General Partner declared
and paid two cash distributions of $35,000 each and one cash distribution of
$1,000,000 subsequent to September 30, 2002 for the three months ended Septem-
ber 30, 2002. The General Partner declared and paid three cash distributions
of $35,000 each subsequent to September 30, 2001 for the three months ended
September 30, 2001. For the nine months ended September 30, 2002 and 2001,
the Fund generated $114,091 and $391,409 of cash from operations, for the
purpose of determining cash available for distribution. The General Partner
declared cash distributions totaling $2,710,000 and $315,000 for the nine
months ended September 30, 2002 and 2001, respectively. The Fund paid cash
distributions totaling $1,640,000 during the nine months ended September 30,
2002 and cash distributions totaling $1,070,000 subsequent to September 30,
2002 for the nine months ended September 30, 2002. The Fund also paid two
cash distributions of $35,000 each and one cash distribution of $2,000,000
during the first nine months of 2002 for the months of October, November and
December 2001. The Fund paid six cash distributions of $35,000 during the
nine months ended September 30, 2001 and three cash distributions of $35,000
each subsequent to September 30, 2001 for the nine months ended September 30,
2001. For financial statement purposes, the Fund records cash distributions
to partners on a cash basis in the period in which they are paid.
ANALYSIS OF FINANCIAL CONDITION
The Fund continues the process of dissolution during 2002. As provided in
the Restated Limited Partnership Agreement, the assets of the Fund shall be
liquidated as promptly as is consistent with obtaining their fair value.
During this time, the Fund will continue to look for opportunities to purchase
equipment under operating leases or invest in direct financing leases with
cash available from operations that was not distributed to partners in previous
periods. There were no investments in direct financing leases made during the
first nine months of 2002. The Fund invested $652,894 in direct financing
leases during the first nine months of 2001.
The cash position of the Fund is reviewed daily and cash is invested on a
short-term basis.
The Fund's cash from operations is expected to continue to be adequate to
cover all operating expenses and contingencies during the next twelve month
period.
10
FIDELITY LEASING INCOME FUND VI, L.P.
Item 3: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
There have been no material changes to the Company's exposure to market
risk since its Annual Report on Form 10-K for the year ended December 31,
2001.
Item 4: CONTROLS AND PROCEDURES
The Chief Executive Officer and Chief Financial Officer of LEAF Financial
Corporation, the General Partner of the Fund, have concluded, based on an
evaluation conducted within 90 days prior to the filing date of this Quarterly
Report on Form 10-Q, that the Fund's disclosure controls and procedures as
defined in Rules Section 240.13a-14(c) and 240.15d-14(c) are effective.
There have been no significant changes in the Fund's internal controls
or in other factors since the date of the Chief Executive Officer's and Chief
Financial Officer's evaluation that could significantly affect these internal
controls, including any corrective actions with regard to significant defi-
ciencies and material weaknesses.
11
Part II: Other Information
FIDELITY LEASING INCOME FUND VI, L.P.
September 30, 2002
Item 1. Legal Proceedings: Inapplicable.
Item 2. Changes in Securities: Inapplicable.
Item 3. Defaults Upon Senior Securities: Inapplicable.
Item 4. Submission of Matters to a Vote of Securities Holders: Inapplicable.
Item 5. Other Information: Inapplicable.
Item 6. Exhibits and Reports on Form 8-K:
a) Exhibits:
Exhibit No. Description
----------- -----------
99.1 Certification pursuant to 18 U.S.C.,
Section 1350, as adopted pursuant to
Section 906 of the Sarbanes-Oxley
Act of 2002
99.2 Certification pursuant to 18 U.S.C.,
Section 1350, as adopted pursuant to
Section 906 of the Sarbanes-Oxley
Act of 2002
b) Reports on Form 8-K: None
12
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the regis-
trant has duly caused this report to be signed on its behalf by the under-
signed, thereunto duly authorized.
FIDELITY LEASING INCOME FUND VI, L.P.
11-14-02 By: /s/ Crit S. DeMent
____________________________
Crit S. DeMent
Chairman of the Board of Directors
of LEAF Financial Corporation
(Principal Executive Officer)
11-14-02 By: /s/ Miles Herman
____________________________
Miles Herman
President and Director of
LEAF Financial Corporation
11-14-02 By: /s/ Freddie M. Kotek
____________________________
Freddie M. Kotek
Director of LEAF Financial Corporation
11-14-02 By: /s/ Marianne T. Schuster
____________________________
Marianne T. Schuster
Vice President of Accounting of
LEAF Financial Corporation
(Principal Financial Officer)
13
CERTIFICATIONS
I, Crit DeMent, certify that:
1. I have reviewed this quarterly report on Form 10-Q of Fidelity Leasing
Income VI, L.P.;
2. Based on my knowledge, this quarterly report does not contain any
untrue statement of 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, particu-
larly 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 effect-
tiveness 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 audit committee of regis-
trant'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.
14
CERTIFICATIONS (continued)
Date: November 14, 2002
/s/ Crit DeMent
____________________________
Crit S. DeMent
Chairman of the Board of Directors of LEAF Financial Corporation
(Principal Executive Officer)
15
CERTIFICATIONS
I, Marianne T. Schuster, certify that:
1. I have reviewed this quarterly report on Form 10-Q of Fidelity Leasing
Income VI, L.P.;
2. Based on my knowledge, this quarterly report does not contain any
untrue statement of 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, particu-
larly 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 effect-
tiveness 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 audit committee of regis-
trant'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.
16
CERTIFICATIONS (continued)
Date: November 14, 2002
/s/ Marianne T. Schuster
____________________________
Marianne T. Schuster
Vice President of Accounting of LEAF Financial Corporation
(Principal Financial Officer)
17
Exhibit 99.1
CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Quarterly Report of Fidelity Leasing Income Fund VI,
L.P. (the "Fund") on Form 10-Q for the period ended September 30, 2002 as filed
with the Securities and Exchange Commission on the date hereof (the "Report"),
I, Crit S. DeMent, Principal Executive Officer of LEAF Financial Corporation,
the General Partner of the Fund, certify, pursuant to 18 U.S.C. Section 1350,
as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:
(1) The Report fully complies with the requirements of Section 13 (a)
or 15 (d) of the Securities Exchange Act of 1934; and
(2) The information contained in the Report fairly presents, in all
material respects, the financial condition and results of opera-
tions of the Fund.
/s/ Crit S. DeMent
________________________
Crit S. DeMent
Principal Executive Officer of LEAF Financial Corporation
November 14, 2002
18
Exhibit 99.2
CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Quarterly Report of Fidelity Leasing Income Fund VI,
L.P. (the "Fund") on Form 10-Q for the period ended September 30, 2002 as filed
with the Securities and Exchange Commission on the date hereof (the "Report"),
I, Marianne T. Schuster, Principal Financial Officer of LEAF Financial Corpora-
tion, the General Partner of the Fund, certify, pursuant to 18 U.S.C. Section
1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002,
that:
(1) The Report fully complies with the requirements of Section 13 (a)
or 15 (d) of the Securities Exchange Act of 1934; and
(2) The information contained in the Report fairly presents, in all
material respects, the financial condition and results of opera-
tions of the Fund.
/s/ Marianne T. Schuster
________________________
Marianne T. Schuster
Principal Financial Officer of LEAF Financial Corporation
November 14, 2002
19