Abstract: An exercise apparatus includes a frame having a front base member and a rear base member mounted at lower portions thereof. The apparatus also includes a pair of forks to which a wheel is rotatably mounted and a pedal drive mechanism for rotation of the wheel. The base members have flat bottom surfaces which are relatively long and wide in order to maximize frictional forces between the base members and the floor surface on which the apparatus is mounted. The apparatus is also provided with a pedal assembly which is positioned at a rearward location of the frame and situated relative to a user so that it enables the user who is seated on a chair proximal thereto to be in a desired position for effective pedalling of the apparatus. The apparatus is also provided with a belt looped around the wheel. A cable is secured to the belt. The cable sheath is anchored to the frame and connected to a lever which provides manual adjustment of the exercise load provided by the apparatus.