EFTA01321456

EFTA01321456 Statements SDNYGM,351601 CONFIDENTIAL EFTA,224293 O.LAMD RESOLCH ITS %MOLLY OANtO SUOMIXARY OFFICE SERVICING YOUR ACCOUNT am Sans Sect on Cap. Bear. Steams 6 Co. Inc. BEAR 383 Madison Avenue New York. New York 10179 Dw Mentatn Craw Soli ROMER Sao York 112014150 STEARNS (212) 272-2000 I:2721 27240:0 FINANCIAL TRUST COMPANY INC ACCOUNT ECECUTIVE ZICTIERMAN.IRA sTenteeerr eemco Pkrnarnbet 29, 2003 IEtEMENE TritOuan DrownOm 31.2003 VISIT OUR WERSIEE Awre.bearsteams.com ACCCOR RAMER 038-66068 102 What's In This Statement Ii, ,ll111111111 TAXPAYER 12.0.43ER On Ale LAST STATESEET Naamber 28.2003 Financial Summary 3 FINANCIAL TRUST COMPANY INC You Portfolio Holdings 4 CIO AMERICAN YACHT HARBOR • Transaction Detail 5 6100 RED HOOK SUITE B-3 Trades Not Yet Settled 7 QUARTERS #2 Your Messages 7 ST THOMAS VI 00802 0 E I C Your Portfolio at a Glance Market Value of Your Portfolio m TOTAL VALUE OF SECURITIES 1146 PERIOD 39.407.916 Can a (covalent — 5612•163 5606.975 Important Message It any anfonnation regardiv 2003interest. dividends. rriscelleneous income. NET CREDO BALANCE 672.183 139.407.616 Toss proceeds C. C.I94121 139.219.023 issue discount is required to be reported to use IRS for NET COURT TEM PERIOD $40.080.099 MN Cu Sae mstkat rate this account. a Consolidated Form 1099 NET EQUIlY UST STATEMENT MN Leal Staternenes mance value r CHANGE SINCE UST STATEMENT 39.725.998 354.101 will be mailed to you by February 2.2C04or a 10425 by March 15,2004. Mere are no *Stop Loss' orders or other pending buy or sell open orders on Me for your account. ZO9TSEOCIA19- ANGS ...mnart 4 Ice ercermaseul papa oYy. 2 4 as moms 55 a RE EPORWR IRAs Awl any STARR* et roweaLlat ar was a' OAR.. Feared a 4W-end b can b ChM SerAtneC04.14.10t am% b Ololt Somas Al LW, Slurs Lena ln lever, ewe ne reams M younone see mere, WI ler 724aUft loteresk. Ces.. Ore MERRION CARA Nwit O'.c4". 20 4055. C27 01/02.0.12,S. COI \11a EFTA01321457 &Path TIMOtral VelOtLY OW.CD 11.12SOARY eas. 2140”. Sauna Ca. Ont 124110110 CsYI MT Croce" W. at 20 22.441 Ina 272.11:0) FINANOAL TRUST COMPANY INC 0 z m STATEMENT BACKER IS PRINTED ON THIS PAGE 0 m z H r £09TSEOCIND- ANGS 027 01/0104.1214 001 V018 rn 8 IJ b.) EFTA01321458 CLEAREO 0410UOT IS We01.1.Y &AEI) SULTSCANY OFFICE StilVitew YOUR ACCOUNT Bear. Steams & Co. Inc. Ilete. Stein Scenes On. BEAR 383 Macison Avenue New York. New Yak 10179 Ore IlenteCh One 14:02 Irony) tyre et 20 3659 STEARNS (212) 272-2000 am 212.1000 FINANCIAL TRUST COMPANY INC 3 STATINCET tteco Inernbel 29.2003 bet0L)311 occemwr 31.2903 Cash Flow Analysis 2.020.20 WATER me-0056 472 Income Summary MOAK* AtAren On T00 nes moo MS PICen) Yen 10 DATE mat STATenrt 'anytime. 26. 2003 OpeningBa lance 5506.974.66 Oho:lends 168063.20 708,950.11 Substitute Payment 0.00 194,747.20 Olvelencisanterest 165.274.40 Creak Balance Int. 211.20 1.70780 Amount Credited $165.274.40 Total $165.274.40 5905.405.21 Funds Withdrawn 46.00 Marys Inc. Paid 0.03 -44,989.13 Amount Debited 5-66.00 -n Not Cash Activity 165.208A0 Portfolio Composition Closin9Balance C 5672 183.06 Cash/Cash Equivalent 672.183 in One dee nun al an tan ban nem en MN Inn in lea seam an tninern an* me den. br rieralw Vareben ber noes br Tenon. Den Equkies Total 39.407.916 540080.099 Your Portfolio Cash Balance Summary Allocation Gnat mac r Cash Margin 246.53 506.728.13 672,183.06 0.00 Nat Cash Balance 5506.974.66 1672.183.06 t709T SEOCIN9-ANGS Mamas 99% Venn >wipe Onto eeeir nen ante ear nubs bin 12* Scorn eercenne 4 4•00.4 ton Vs sabre nen a. a bur pan. 027 0101.04.1254 001 YSIS b.) IJ IJ EFTA01321459 CLDACD 1HICOCOI YAWN OS 812251Way OFFICE SERVICING YOUR ACCOUNT W, Ron Seaman Cop Beer. Steams & Co. Inc. BUR 383 Manson AVOW Now York. New WA 10179 Ov IkticOich Carnet NOT Broatha. IMYM 117014439 STURNS (212) 272.2000 (2121 272.1000 FINANCIAL TRUST CC6tPANY INC 4 et STATEPAENT PDX00 Hamner 29.2003 IMPUGN O9 n150. 31, 2003 Your Portfolio Holdings ACCOurit ww601 038-66056 372 CASH & CASH EQUIVALENTS 7604,26 MAIM, On Flo LAST STATEuest Noverrter 28.2003 MMI4E1 ESTRUM) 0.161£10 OtSCRIP606 SvunCOCU5i7 ax0.7r. PRC( Walt LWUµ WOW 11110 OCI CASH BALANCE 672.183 TOTAL CASH & CASH EQUIVALENTS 5672.183 0 EQUITIES -n Equities & Options WPM [snout° 056Cra OLSCRIFICA SONIOUCL616 nn amen Pqra YAWL •WIWE WOVE MO 00 C FLEYTRDNICS INTERNATIONAL FLEX CASH 100.000 14.8400 1.484.000 in Lm GALYANS TRADING INC GLYN CASH 150,000 12.0400 1.806.000 MBNA CORP NRB CASH 1,000,000 24.8500 24.850.000 400.000 1.6097 TYCO IITIERNATIONAL LTD 'NC CASH 100000 26.5000 2.650.000 5,000 0.1887 VECTOR GROUP LTD VGR CASH 412.658 16.3200 6.734.579 660.253 9.8039 r SENT1GEN HOLDING CP RSTD Total Equities& Options 9380646 ^ASH 333.334 5.6500 1.883.337 539.407.916 51,065.253 TOTAL EQUITIES 539.407.916 51,065.253 SO9TSEOCIN9- ANGS YOUR TOTAL ESTIMATED ANNUAL INCOME $1.065.253 YOUR PRICEDPORTFOLIOHOLDINGS 540,080.099 • CQ7 060104.12:54 001 Vtla 8 IJ IJ b.) EFTA01321460 SEARED neOuce. In %tear Dube DarectApe OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Irc. Elev.Seen steam. Coo BEAR 383 Madison Amalie New Yak. New York 10179 oft Patinceen Caret Nee lecokn. New Yen in:O1485O STEARNS (212) 272-2C00 R121272'1OOO FINANCML TRUST COMPANY INC 5 ?I 7 STATEWNT PERKO Waffles 21.2003 TNROLION December 31, 2003 Transaction Detail erecter PAMIR 03846056 en leorsAne wage Co Fie INVESTMENT ACTIVITY LAST irrATIDNee Norte 28.2003 SE11111100 IRAN DATE DOT TRANSACTION otSeownse StositutuNP auUtort PIN'S oar MOM! Caton wawa 12/0503 JOURNAL FLEXTRONICS INTERNATIOW41. FIE( 100,000 (-) LTD JOURNAL FROM TYPE 2 TOT 0 12/05/03 12/05103 JOURNAL JOURNAL GALYANS TRADING INC JOURNAL FROM TYPE 2 TO 1 MBNA CORP GLYN KIM 1500:0 1,000,000 JOURNAL FROM TYPE 2 TOT m 12105/03 JOURNAL TYCO INTERNATIONAL LTD JOURNAL FROM TYPE 2 T01 TYC 100.000 12105/03 JOURNAL VECTOR GROUP LTD VGR 412,658 ci JOURNAL FROM TYPE 2 TO 1 m 12/05/03 JOURNAL RECIROMICS INTERNATIONAL LTD JOURNAL FROM TYPE 2 TO 1 RDI -100.000 12/05)03 JOURNAL GALYANS TRADING INC GLYN -150,000 H JOURNAL FROM TYPE 2 TO I 12105/03 JOURNAL MBNA CORP KRB .1,000.000 JOURNAL FROM TYPE 2 TO 1 r 12/05/03 JOURNAL TYCO INTERNATIONAL LTD JOURNAL FROM TYPE 2 T01 TYC -100,000 1205/03 JOURNAL VECTOR GROUP LTD VGR -412.658 50.,PI.A1E031/ TYPE 2 - 0 I TOTAL 909TSEOCIND- ANGS co, otenewlest oN Ylla IJ IJ IJ 00 EFTA01321461 CLEARED THROW>. la vorear Clore NSW cfnct SERVICING YOUR ACCOUNT BEAR Bear. Stems di Ca. kw. 383 Madison Avenue QeIlyerotech leer. Winn swarms Co. Carr tan bait" Nag Yea 112014410 New York. New York 10179 1212) 2181000 STEARNS (212) 272.2000 FINANCIAL TRUST COMPANY INC 6 a7 STAVErter PER00 November 29. 2003 "a000n nesvnitHe 31. 2003 Transaction Detail (continued) Adcourd NJVSe4 036.66056 102 Mine= WOOER On Flk DEPOSITS AND WITHDRAWALS LAST STATtwfm rummer 29.2003 art maxim otsconow Car S CAM S 12/03/03 CHECK CK *MT4 58385 66.00 HYPERON PARTNERS II C) TOTAL 566.00 DIVIDENDS z -n out 12/30/03 oactimen VECTOR (-COUP LID yo.mb.tlae Carat 412.658 Mel IP 0.4000 CROXI AMOUR 165.053.20 C REC is - PAY 1240/03 in TOTAL $165.063.20 z INTEREST -H oat ocsawrow SYMIIOLOJNY : C0ICIT AlJiate 12/22/03 INTEREST ON CREDIT BALANCE 211.20 ACCT 038-56056 r TOTAL AT 00.600309 1101 - 12/20 MISCELLANEOUS wet UOMAY TRAINACYCN otscAtnew COAT AVOLer 04200 MICLNI LO9TSEOCIN9- ANGS 12/05,03 JOURNAL JOURNAL FROM TYPE 2 701 506.728.13 12/05/03 JOURNAL JOURNAL FROM TYPE 2 r ' 506.728.13 TOTAL 5.506.728.13 S506,728 13 027 ovolkm.its4 001 Wria 8 IJ Iv) IJ EFTA01321462 CUOMO 1)220Laaant WHOU. 0204CD Sa.SOKR2 OFFICE SERVICING YOUR ACCOUNT Ie. Sierra Socu114s DOtp- Sem, Stearns & Co. Inc. BEAR 383 Mason Avenue New York. New York 10179 an Veretto cots fin OtcOak am at 20 125.9 STEARNS (212) 272-2000 12121272.1020 FINANCIAL TRUST COMPANY INC ttrATIDADO effect Nmmber 29.2003 neeOuen 00000e 31.2003 AO:COCF OMAR 03048056 X72 Trades Executed Pending Settlement TAXPAYER 22.11402 On rde LAST rrAretarr Ibrembee 26.2003 20110/fla IRAM CAM T0.062211,4 MUM MA crattutUSP 00404MY DES' ;AQUI,' 02(01 2310.00 01105/04 12/29/03 BOUG4T WIL0ST FIN !TAO 100,000.00 3.2300 323.000.00 CUR! IkNST CL UNSOLICITED 62003122905955 I 0 5323.000.00 50.00 m ci Your messages m As part of the National Association of Securities Dealers (NASD) Investor IOW Education [LW Excess SIPC Account Protection Update Program, you may obtain information on the NASD'S Public Bear. Stearns Securities Corp. MSC), a member of the Securities Investor Disclosure Program by contacting the NASD at telephone number (800) Protection Corporation (-SIPC). provides account protection for the net equity 289-9999 or via the intemet address which is vmw.nasCr.com. In adEtion, a of a customers funds and securities positions. SIPC provides 6600.000 of brochure explaining the Public Disclosure Program is available from the NASD primary net equity protection, including 9100.000 for claims for cash (-SIPC upon request. Coverage). Visit vainv.sipc.org for more information about SIPC Coverage. r BSSC provides the additional protection CExceSS SIPC1 through a commercial insurer, Effective February 16. 2004. the commercial insurer for Excess SIPC will change to Customer Asset Protection Company MAPCO,. a licensed New Yak insurance company, Account protection applies when a SIPC member firm falls financially and is unable to meet its obligations to its sectnties customers, but does not apply to losses from the rise or fall in the market value of investments or to SEC ineligible assets such as options. futures. foreign exchange transactions, or any investment contracts that are not 209TS£00- O1D- ANGS registered as securities. 027 01211/04:1234 061 2010 EFTA01321463 CLEARED THROUGH ITS es1.0t1V OWED SUSSObutv OFFCE SERVICl/46 YOUR ACCOUNT Ow. Slant Siberleel Cab Bear. Steams b Co. K. BEAR 383 Madison MEMO Nevi York. New York 10179 One Wrote., one ream bs NAP Tot 11201.3319 STEARNS (212) 272-2C00 12123 2721000 FINANCIAL TRUST COMPANY INC STATEN:AT PER100 NoYernbtf 1.2003 ACCOUNT ECECUTNE ZICHERMANIRA TELEPHONE (212)272-4189 TAROUCAI 1224PRWE 28.2003 WA OUR MOSHE VAW/.00a1Stell111S.COM ACCOJYT MAZER 030-86054 int What's In This Statement I 1111111111111II II TAXPAYER MAWER On File UR ETA1£14/27 October 31. 2003 Financial Summary 3 FINANCIAL TRUST COMPANY INC Your Portfolio Holdings 4 00 AMERICAN YACHT HARBOR Transaction Detail 5 6100 RED HOOK SUITE B-3 0 QUARTERS M2 ST THOMAS VI 00802 0 Z T E I C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL VALUE OF sEcuernEs THIS PERIM 39.219.023 coo & 9506.975 S898.233 NET CREW BALANCE 506.975 (gun*, 539.219.023 538.570.534 : 5-335.750 NeT SOWN UM PIMOO 539.725.998 aorta market as 39,133,017 Last stecernat market value NET ECM' LAST STATEMENT r CHANGE SINCE UST STATEMENT 592.981 =I Short market vabe There me no 'Stop loss orders or other pending buy or sell open orders on file for your account. 609TSEOCIND- ANGS stE M — upon wry OW= et Knower* a -d, cc eicke. RAMS achennel bpA Envy S *X rbrmalAnal nape[ PHA t if ra Nett, an p to bettrrate. b el usa S aamm-mat vrte b OAR s., Y Sew Sun Sottibly Ilbe unmet' snubs be mane la yew met* See mine veleta' ', wan lento,. Ca,. Tr Mertesch CARR 'AAA boxPor NY 201 MSS 027 102940303 43 COI 1118 rn IJ IJ -F- EFTA01321464 01.5att tilbarell ITS let1.12112 02.1410 SUBSOVAY Rs Sierra Smiles GYP On 1/1•0e1ech Carter Norm Sta41% N4t, at • 20 2059 12125 272.1203 FINANCIAL TRUST COMPANY INC 2 z m STATEMENT BACKER IS PRINTED ON THIS PAGE ci m z H r OTTESE00- 019- ANGS On 11/290206.0 001 EFTA01321465 MEM= TNItOLCIE 75 VaMmv PANED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT See Ss SeSeMS Cap Bear. Stearns & Co. Inc. BEAR 383 Madsen Avenue Now York. Now York 10179 Dw Wu arch C— WT BrorAtm. Ilw Tort 11201.1159 STEARNS (212) 272.2000 (2121 272.1C00 FINANCIAL TRUST COMPANY INC 3 co6 STATEMENT PERM N0RIMer 1.2033 TINCLION Nerttenta 28. 2003 ACCOUNT /SR 03666056 X72 Cash Flow Analysis Income Summary TAXPAYER MAWR On fie TIC PROD IIatICICO WAR 10 OAR LAST rovraver Coot* 31.2003 OpeningBalance 5898.233.13 Dividends 1,250.00 543.888.91 Stew.* Payment 0.00 194.747.20 Diviiendsanterest 1.498.53 Creek Balance IM 246.53 1,495.70 Amount credited 31498.53 Total 31.496.53 $740.130.81 0 Securities 8O 41 Amount Debited -392.755.00 5-392.755.00 Margin Int. Pad 0.00 .44,988.13 ii Net Cash Actidty -391.258.47 Portfolio Composition Closing8alance 6508 974.66 CashiCash EqUteliBrot 506.975 m MR* Sy linem el OSA NOSS Genus OBAB we AN IMAM AMA S era gimlet a .40 a cola Iv at caw to woo in timithas lama Pt :so Equities Total 39.219.023 539.725.998 Your Portfolio Allocation Cash Balance Summary OPIm‘G OCING r Cash Margin 47.806.28 547924.59 246.53 508,728.13 Cash a Equiraknt 1% Short 302800.26 0.00 Net Caen Balance 5898.233.13 5505,974.86 IT9TS£00-019-ANGS Egutes 99% U•O•Old mien. emel• OS Warm rote men NSW BONA TM SA DORMION a OM., ton Go meoloot mono vow. GO yew P)1010. 027 II/2903M 43 001 EFTA01321466 0.88780 not0u0.4 ITS vaiOuv 08040 SUS40,88y OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. Sat Slums Smite, Co". BB‘R 393 Madison Avenue Metraech Cars Wen fintOr. Nra ft t 11701.3859 STEARNS New Tat New York 10179 (212) 272-2000 C212I 772.1070 FINANCIAL TRUST COMPANY INC 4 de Srmaitwr PCP= Notentel 1. 2003 niltOur.o. Bowman! 29. 2003 Your Portfolio Holdings ACCCOIT 88.8.889 01086016 X72 CASH & CASH EQUIVALENTS TratnnER MASER On Filo LMT STATEUINT 0c8:08, 31. 2003 WSW ES1MATED CARE hi MAMMON meow:use amens RRIY swat FNMA WOK MO 04 CASH BALANCE 506.975 TOTAL CASH & CASH EQUIVALENTS $506.975 O EQUMES Equities & Options m ACCT IAMPIET [SWAM GUMMI Ot5CRPMPI C SORKIJO.73. TTR 0.17811178 PILE VNIR AMPRIAL UWE YIELO fla FLOITRONICS INTERNATIONAL in FLU MRGN 100,000 16.0300 1.603,000 LTD GALYAN5 TRADING INC GLYN MRGN 150,000 13.3500 2.032.500 MBNA CD KRB MRGN 1.030.000 24.5200 24.520.000 400000 1.6313 TYCO INTERNATIONAL LTD TiC AARGN 103.003 22.9500 2.295,000 5.000 0.2179 VECTOR GROUP LTD VGR AARON 412.658 17.0000 7.015.186 660.253 9.4118 r SENTIGEN HOLDING CP RSTD Total Equities& Options 9380646 CASH 333.334 5.3500 1.783.337 539.219.023 $1,065,253 TOTAL EQUITIES 539.219,023 51,065253 ZI9TS£00- 019- ANGS YOUR TOTAL ESTIMATED ANNUAL INCOME $1,065,253 YOUR PRICEDPORTFOLIOHOLDINGS 539.725.998 027 11/7803.0843 001 I8 b.) IJ .e- EFTA01321467 0..FAREO TeRed-Cot vmmee owwro sonewnr OFFICE SERVICING 1134RACCOUNT tioce Sena. Sass On. Bett, Stearm /1 Co. Inc. BB:0-Z 383 Mackson Mt», Cm Ilse es mann BroolAn. New Yen 11201,3359 STU\RNS Ne« York. New VO& 10179 (212) 272.2000 (2121 272.1070 FINANCIAL TRUST COMPANY INC Minen otroco Nenontor 1.2003 11.01.131( Ilooente( 28.2003 Transaction Detail ACCOueiT Rabbi 038.65056 372 tozowetA wumm On Em INVESTMENT ACTNITY tAST STATIST 00009r 31.2003 SE1111111017 mimt DATE DATE IPSISOCKAI DESOIPTCW 511.120X1.519 0114/411TY OCia asturr Gnom Nicure 11/20403 11/7/03 BCO3HT HOWNGER INTERNATIONAL INC HLR 25.000 15.65000 392.755.00 CL A COVER SØ. 0 TOTAL 5-392.755.00 z DMDENDS -n DATE DESCRIFIDN SWAOL/0.1519 DUMM Mit m ixen MUHT tam Aictert 11/01/03 TØ INTERNATIONAL LTD WC 100.000 0.0125 1.250.00 REC 10001/03 PAV 11/01/03 m TOTAL 31 250.00 z INTEREST DAR DISCRIPTC41 MW AROM CM »KAM 11/21/03 IMEREST ON CREDIT BALANCE 246.53 r TOTAL AT C 1'214 19;21 T, 91.: 77 S246.53 MISCELLANEOUS DATE EI9TS£00- O1D- ANGS toODAr tiUMACIKAI CESOMPTCH Ger MOUNt e9f.00 AROM( 11/03)03 JOURNAL MARK TO MARKET 33.249.00 11/03/03 JOURN.N. MARK TO MARKET SKORT POS 33.249.00 11/10/03 JOURNAL MARK TO MARKET 10.250.00 027 1V2S01.43 031 W19 EFTA01321468 CILutCO 114,000.4 n vatcla MHO) 8098StkARY OFFCE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. ter Sten SaulOn Cop. BEAR 383 maarson Avenue 0'MelKtc01 cuts *MI I983,01% Mrs Tot 112014859 STEARNS Neer York. New Yak 10179 (212) 272-2000 012128.1000 FINANCIAL TRUST COMPANY INC 6 STATUCiT PEIVOD Hatt 1.2003 naCOON Naeber 28. 2003 Transaction Detail (continued) papa wwww 038-66056 122 TAXPAYER µ/l6/0 On FM MISCELLANEOUS (covinued) OAST STAITIala Octotta 31.2003 OAR MOWN MANG/ClIai DESCRIPIION CCM nctla CFKOrl Avaa 11/10/03 JOURNAL MARK TO MARKET SHORT P05 10.250.00 11/17/03 JOURNAL MARX TO MARKET 8.499.00 0 11/17/03 11119103 JOURNAL JOURNAL MARK TO MARKET SHORT P05 JOURNAL FROM TYPE 1 TO 2 8.499.03 47.809.28 11/19/03 JOURNAL JOURNAL FROM TYPE 1 T02 47,808.28 -n 11/20/03 11/20/03 JOURNAL JOURNAL JOURNAL FROM TYPE 2 TO 5 JOURNAL FROM TYPE 270 5 22.254.74 22.254.74 C 11/24/03 JOURNAL MARK TO MARKET 33.000.00 in 11/24/03 TOTAL JOURNAL MARK TO MARKET SHORT POS 5-155.051.02 33.000.00 Si 55,061.02 r STOP End of Statement VT9TSEOCIN9- ANGS 027 118/034843 001 I8 IJ IJ $'• EFTA01321469 rakel T9RCOCIM CIS watt ant= SOBSJOVRY OFFICE SERviCmG YOUR ACCOLTut Sear Sten Satutatt Cap. Beat. Steams 8 Co. Inc. BEAR 383 Modiste, Avow, New York, New York 10179 QM lailcasen Craw Math Omaha Mew Mat 11201.3859 STEARNS (212) 272-2000 Gra 2724 FINANCIAL TRUST COMPANY INC ZICHERMAN.IRA SIATOMPa PtPICO OCIOalf 1.2003 AOCCIPIT EXECUTIVE TELEPHONE (212)272-4189 nee34200 OctOter 31.7003 VISIT OUR WEBSTIC www.bearsteams.can A000.22.1 POWER 03846056 272 What's In This Statement 11111111,11.1111 II TAXPAtti1 NASA On De LAST STATEMENT So weber 30.2033 Financial Summary 3 FINANCIAL TRUST COMPANY INC Your Portfolio Holdings 4 CO AMERICAN YACHT HARBOR • Transaction Detail 6 6100 RED HOOK SURE 8-3 QUARTERS #2 ST THOMAS VI 00802 0 -n C Your Portfolio at a Glance Market Value of Your Portfolio rn TOTAL VALUE OF SECURMES THIS PERIOD 38.234.784 as& & Do waism 1 5688.233 020.761 NET CREDO BALANCE 898233 Equities 838.570.534 : 5-335,750 535.284.778 : S-308.750 PC Emmy THIS PIERIOD 538133.017 Current market vatic 35.796.789 1.! Last statements 'reek% value NET EOUITY LAST STATEMENT r CHANGE SINCE LAST STATEMENT 3.336.229 (=I SINAI whet velue There are no 'Stop Los( orders or other pending buy or sell open orders on rile for your account. ST9TSEOCIND- ANGS rant few, as Care-eecnatecratic 01 red. Of MOH. attanle M Ceetred ID pat afire 1/811Camat IM IMMO, Pay. N rot band at allic Sant It Clem Satan s 8:0414, 424 are a Can &oval a Mw Ion Stankcs ma Medd M Maimed to 'S r teeerle Ss Own ado far Pena Mcial100. 02/ 1101003:1402 COI Y018 EFTA01321470 GUARS) 0.010u0n ITS 'w1Cµv OWED 0u89011/1v M. Satire Sautes Cap. Om LWOW, Collet Atm A'ea1P• µu Vat 11X11.1650 121212721000 FINANCIAL TRUST COMPANY INC 2 0, e 0 z ii STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r 9T9TSEOCIA19- ANGS 027 11/01212.14,02 001 viii 8 IJ 1.2 000 00 EFTA01321471 CLENIF-0 t ai as V.199119 CeInTlp WISOWXY Officf sunriCING YOUR ACCOUNT Dan 54enea Slanten Corn Bear. Steams 8 Co. Inc. BEAR 383 Madison Avenue New York. New York 10179 Oen I_ d Calm North Onniclen Mar eta 11201.3559 STEARNS (212) 272-2000 222-1000 FINANCIAL TRUST COMPANY INC 3 ur IITATENEXT PERCO OCICte 1.2003 MIIWeM Octeber 31.2003 mecum Teleallie ose-eeose x72 Cash Flow Analysis Income Summary Dos TAXPAY01 Marie on rile THIS PO= VIM TO 01.22 LAST StAttiaten Septeenbef 30.2003 OpeningBalance 5820.760.61 Cimdends 100000.00 542.636.91 Subsdate Payment 0.00 190.747.20 Funds Depcsted 21.500.00 Credit Balance Int 216.45 1.250.17 DindendsArosnest 100.216.45 Total 5100.216.45 5738.634.28 Ifiscolleneoms 6.07 0 Arnount Credlted 5121.722.52 Margin Int. Pail 0.00 -44,988.13 -n Funds Withrlyren DividentAnterest Charged .43,003.00 .1,250.00 Portfolio Composition C Amount Debited 5.44.250.00 van LOW in Net Cash Aahty 71.472.52 Casisr,ash Equnalem 898.233 z &pities 335,750 38,570.530 ClosingBalance 5898.233.13 Total 5335.750 539,468.767 Your Portfolio Sr. by ranee el wen tame &Cool twee St I MOAN h mast tungen. as an a MAT fl ees Vrndn EY point Allocation nem h Trannelen r Cash Balance Summary OPONC 0.03245 Cash 69.091.83 47.80928 047,668.52 547.924.59 LT9TSECICIND- ANGS Short 304.003.26 302.500.26 Net CashBatence 5820.760.61 $898.233.13 taxies 97% L., INCed Vela% flea. 6.5.3 benne al.YO. Vat navel vSus The newton pirCentRa aon.] IT ne 'nen* eerie nom el — panne 027 Immo:latex 001 IT1 8 b.) IJ .P. EFTA01321472 CLEMEO TiM34.0. pis MOW/ Omal) AMMAN, OFFICE SERVCING YOUR ACCOUNT Bete, Stearns & Co. Inc. Bur. s_ Leaps Mp. BEAR 383 Madison Avenue Ott Mtreirch en.. POMP erpoltri. W. Ytlt 11201.3$U STERNS New York. New Yea 10179 (212) 272-2000 1212P 2724000 FINANCIAL TRUST COMPANY INC 0 ae STAMM." n.. 13:0)00t 1.2003 THROLM Oxon 31.2003 Your Portfolio Holdings accourr %AMR 03146056 ni CASH & CASH EQUIVALENTS IMM.133 MAMA On File LAST mitunT Septerreer 30.2003 VARLET ISTIVATED CZAREhl ccsonenca MAGOLOSP OUM1Ty PAM Y4IF AMM MM. MD nu CASH BALANCE 698.233 TOTAL CASH & CASH EQUIVALENTS 5898.233 0 EQUMES -n Equities & Options IXSCRSMN ACCT WPM IMAM COMM SYMOL/CUSIP ME 011WillY Pt C FLEXTRONICS INTERNATIONAL FLOC IARGN YAM ANNUA: NOME MD CV in 100.000 14.0000 1.400.000 LTD GALYANS TRADING INC GLYN IIRGN 150.000 13.1100 1.966,500 HOLUNGER INTERNADONAL INC HLR SHRT -25.000 13.4300 -335350 4.000 1.4892 CL A MEINA CORP ORB MRGN 1.000.000 24.7500 24.750.000 400.000 1.6162 TYCO INTERNATIONAL LTD TYC MRGN 100,000 20.8800 2.088.000 5.030 0.2395 r VECTOR GROUP LID VGR MRGN 412.658 15.7500 8.499.364 660.253 10.1587 SENTIGEN HOLDING CP RSTD 9380848 CASH 333.334 5.6000 1.866.870 Torsi Equities& Options 538.234,784 51.060.253 TOTAL EQUMES 538.234.784 51.060.253 _ YOUR TOTAL ESTIMATED ANNUAL INCOME 51,060.253 YOUR PRICED PORTFOLIOHOLDINGS 539.133.017 MT SEGO INS ANGS 027 11/311C0:14M C01 0I En-COO-Vida EFTA01321473 CLEARED HIRCOGH ITS *POLLY OM= SURPOARY COME SERvioNG YOUR ACCOUNT Bear. Steams & Co. Inc. 1w. Sw StosbeS COPT BUAR 383 Macron Avenue New York. New York 10179 Cr* *Ewa Can. Noll firatop. Nw Yea 112014•50 t212} 272.1000 STURNS 1212) 272.2000 FINANCIAL TRUST COMPANY INC 5 Cl' STATINOCT Pomo worm 1.2003 TPROU0/4 October 3% 2003 Transaction Detail ACCOurir WAWA 038.66056 X72 TAXPAYER Wu... On Fie DEPOSITS AND WITHDRAWALS LAST STAR:UDC Scooter 30.2003 OAR TRAICSACTION 0001W1pN OM AWAIT or= MO 10.09/03 CHECK CK WARC33881380N ACCT 21.500.00 FINANCIAL TRUST COMPANY 10/10103 CHECK CK WIAC3388940N ACCT 21.500.00 0 10/1003 DEPOSIT GEORGE V CELSON CHECK REDEPOSIT MC330885 217505.00 Efl TRUST COLVANY -n TOTAL 1.43.000.00 521.500.03 C DIVIDENDS in DAR cescrsoorr STIABOJCUSP COMMIT RATE ECM AMOR CREDO MWAT 100103 MERU CORP KRB 1.000.000 0.1000 100.000.00 REC 09/15/03 PAY 1000103 10/02/03 HOLLR1GER INTERNATIONAL INC HLR 1.250.00 CL A ON CHG 25000 Ste SHORT REC 10/01/03 PAY 1015.03 r TOTAL 5.1.250.00 $100.000.00 INTEREST OAR OESCOEPION SHIRO/CUSP RATE PO DOW MIOUNI cane mmun 6T9TS£00 IN9 ANDS 10/21/03 INTEREST ONCREON BALANCE 0.5000 216.4S AT 0 1/216 09/21 0401612o TOTAL 5216.45 11,011/1114.02 001 PSIS I I EtZZOO- V1.43 EFTA01321474 CLEANED THROWN as SMOLLs ONNEC. SuSSOsAY ()MOE SERVICIAG YON, ACCOUNT Sear. Stearns & Co. Inc. Peas San Steads Cop BUkR 383 Madison Avenue New York. New York 10179 Oee 1107o--h Soda nbs% Iscoltp. Mrs at 11201.3459 STB1\RNS (212) 272-2000 12121 272.1003 FINANCIAL TRUST COMPANY INC STATNAINT PERKO Octets, 1. 2033 rieteses 0cto0u 31.7003 Transaction Detail (continued) ACCCCM v1.11eIR 030-64058 X72 TAppAnst KAMER 0% Ti, MISCELLANEOUS uas Snick* NY SEptAnter 30.2003 OAR maw twersAcncer CESSNA'S* OCNIMPOINt CREDO MOUNT 10.131/03 CASH-LJEU VECTOR GROUP LTD 6.07 CASH IN LIED Of .40000 REG 09/1903 PAY 09/29/03 0 10106/03 10106/03 JOURNAL JOURNAL MARK TO MARKET MARK TO MARKET SHORT POS 8,249.00 8,249.00 10/13/03 JOURNAL MARK TO MARKET 1.500.00 m 10/13/03 10/20/03 JOURNAL JOURNAL MARK TO MARKET SHORT POS MARK TO MARKET 1.500.00 3,249.00 ci 10/20/03 JOURNAL MARK TO MARKET SHORT POS 3.249.00 m 10/27/03 10(27/03 JOURNAL JOURNAL MARK TO MARKET MARK TO MARKET SEC: 6.750.00 6.750 00 TOTAL S-19.748.00 319.754.07 H r End of Statement OZ9ISEOCIND- ANGS 027 11.01/031402 001 Nle EFTA01321475 CLEARER RETOUCH ITS YMOU.Y omco SUBSOMY OFFICE SEFMCNG YOUR ACCOUNT Bear. Noir* SMART/ C . Bear. Steams 6 Co. Inc. BEAR 383 Madison Avenue New MM. New York 10179 Coo MST* CRUX NOM Omar 'A WA 11201.10a0 STEARNS (212) 272-2CO0 I212) 272.1020 FINANCIAL TRUST COMPANY INC ACCOUNT EOCUTIVE DCHERMAKIRA STATEMENT nOtC0 Acgt-rst 30.2003 TELEPHONE (212)272-4189 laIRRUCti Septette 30.2003 VISIT OUR WEBSITE www.bearsteams avr. ACOOLTIT NIARIER 03846056 172 What's In This Statement II TAXPAYER µ.AER On rue LAST STATCWIr Pasant 39.2003 rmancial Summary 3 FINANCIAL TRUST COMPANY INC CEO AMERICAN YACHT HARBOR • Your Portfolio He dings 4 6100 RED HOOK SUITE B-3 Transaction Detail QUARTERS #2 Your Messages 7 ST THOMAS VI 00802 m C Your Portfolio at a Glance Market Value of Your Portfolio in Important Message Bear Steams s pleased to TOTAL VALUE OF SECURNES THIS PEPtO 34.976.028 cash, Epiraien: 5820361 SM14.703 annotaicootr comoisicc to a Sends month-end NET CROFT BALANCE 820.761 Eames 535.284.778 S•308.750 statement. EttectNe this $35.542.758 5-313.500 month. your account statement reflects an HET NUM THIS PERKO 535.796.789 actMty and account Its Oat market mixt valuabon ma to and last stemmata mane value NET EQUITY LAST STATEMENT 35.823.961 inducing the last business r CNA71CA SINCE LAST STATEMENT .27.173 Stan menet mire day or the month. There are no *Stop LOSS' orders or other petting buy or sell open ciders on file for your account. TZ9TSEOCIN9- ANGS Par men sty encores or rontwoot a dyne et Slat TOMS Pt Moored b tot TITS ;Walley a Ice Intrilltkent pallialeg Enjoin ra memo enter mans< It CORI &Wass 1024JAII2t works lo pen SeAreeosillow. *era Eacynes C09. Coo WS* Cent Nett Intlelmo. RV. I 120401. Ssla 11* Rittman *ROT be retire IR year total. EH man ode In reetsi enteral= 027 100103,1121 001 VEI13 8 IJ IJ EFTA01321476 CU/AO MK:WM TTS WHOLLY CIMCD INOSIOVOY Belt Sir* SdMae CM One Wareloch Cnn Ny0, Staley% Nix Vow 11201-1M9 C2123 2)2.1000 FINANCIAL TRUST COMPANY INC O z m STATEMENT BACKER IS PRINTED ON THIS PAGE ci m z H r ZZ9TS£00 IND ANDS MT 1001/01:1121 V813 VII ft7ZZOO- V143 EFTA01321477 ULU= TI4POIXIII rte SMOLT, &MED SUSLOWtY OFFICE SERVICING YOUR ACCOUNT Boar. Stearns b Co. Inc. Ste Stan Stara. On BEAR 383 Madison Avenue New Yak. New Yak 10179 Cm* Werattei Cole Neln WOW" Ni. Yeti 112014110 STEARNS (212) 272-2CCO MP) 2121000 FINANCIAL TRUST COMPANY INC 3 as TAMILS'! nano August 30.2003 rstreCOSs September 30. 2003 ACCOUNT rAA/13ES 038.66056 972 Cash Flow Analysis Income Summary TLIMArte r•JUSER On Fee ms Pomo THIS PEW° SPALOOnt LAST STAMare &9,S 29. 2033 OpeningBalance 5594.703.22 Dividends 157.203.20 442.636.91 Substiorte Potent 0.00 194,747.20 Fads Deposited 68.733.00 Omit Balance Int. 121.19 1,033.72 [Addends/Interest 157.324.39 Total 5157.324.39 5638.417.83 Amount Credited $228,057.39 Margin Int PS 0.00 .44.988.13 Net Cash Activity 226,057.39 -n tiosingaidana 5820.760.61 Sere Lee franerres rime ewer saws bye! ve roc related MOW Met errs Weirs. erne ea arse b. et caw tireveree ft 'Met Portfolio Composition C now r Tramaarm Sera SHCRI ICIS4 in Cash/Cash Equivalent Equties 308.750 820.761 35.284.778 Cash Balance Summary Total 5308.760 535.105.539 cpmw Your Portfolio CLOSING Allocation Cash 237.64 6%091.83 Megan 291,966.32 447,668.52 r Seco 302.499.26 304.0043.26 NetCash Balance $594,703.22 5820.760.61 EZ9TS£00- 019- ANGS uniasie own <row set sib?. met. ca n mese: 'rapes The eireacr Lostroce a Mered Irate re Stat..* meter rate or rev :orbit 021 ICA31103:11'21 COI I8 IJ IJ EFTA01321478 WARM miCoSs :n mOu.Y Ovnie0 SuSS/088v OFFICE SERVICING YOUR ACCOUNT 888. Wont Seckams 087.. Bear. Steams 6 Co. Int. BEAR 383 Madison Avenue New York. New York 10179 0.• Mootedth Ca Soli encarre. key Vat 11291.]859 STEARNS (212) 272-2000 OW 272.180) FINANCIAL TRUST COMPANY INC 4 ces !rumen P0800 Aupst 30. 2003 MIOUGut Septierptra 30.2003 Your Portfolio Holdings AC0:083 inaseER 038-66056 X12 CASH & CASH EQUIVALENTS TWAY." .4.4e0 On Fat LAST STATOPENT Majtal 29.2003 1.410R ESMIATED CUltkOn CESCRPrOy SY880t/C858. COneT:rt Met YALUt AMINE INCCM rELD it CASH BALANCE 820.761 TOTAL CASH & CASH EQUIVALENTS $620,761 0 Z T EQUITIES E I Equities & Options 5 Disarmer ELECTRONICS INTERNATIONAL 3.1.01.103910 FLEX ACC, Mt PARCH OUNMT/ 100.000 M CC 14.1800 OW MVALUE PIMA= AMMOPODIA 0.38830 ntro n9 m LID GALYANS TRADING INC GLYN 1ARGN 150.000 10.2100 1.418,000 1.531,500 NOLUNGER INTERNATIONAL INC MR SHR1 .25.000 12.3500 -308.750 -5,000 1.6194 Cr. A MBNA CCRP KRB PARGN 1.000000 22.8000 22.800.000 400.000 1.7544 TYCO INTERNATIONAL LTD TYC WIRGN r VECTOR GROUP LTD VGR MRGN 103.030 412.658 20.4300 14.4000 2.043.000 5.942.275 5,000 660.253 0.2447 11.1111 SENTIGEN HOLDING OP RSTD 9380546 CASH 333.334 4.6500 1.550.003 Total Equities& Options 534.976.028 51.060253 TOTAL EQUITIES 834.976.028 $1.060.253 VZ9TSEOCIN9- ANGS YOUR TOTAL ESTIMATED ANNUAL INCOME 51.060.253 YOUR PRICEDPORTFCLIOHOLDINGS 535,796.789 027 1001431121 001 V813 8 b.) b.) EFTA01321479 AWED THROW.. MS twOuLY Ovire SWIROmitT OFFICE SERVICIG YOUR ACCOUNT Mar San - Ow. Sear. Steams dr Co. Ix. BEAR 383 Madison Avenue Now York. Now York 10179 0 -c Menceen Cam Ma Omar. Ion TM 112011/69 STEARNS (212) 272.2000 at21 212.1000 FINANCIAL TRUST COMPANY INC 5 en MITEMM(l •EMOD August 30.2003 TMOLISH SIMIAMMIX 30.2003 Transaction Detail ACCOUNT KAMM 03666056 172 TAxImER MASA On FIe INVESTMENT ACTIVITY LAST STATOW/T August 29.2003 SETRVADR TRACE DATE DAR TRAMACI1CM DISCAINEM syveartusy OUNITI1T p-cc OMIT AMOUNT CREW MOM 09129/03 09/19/03 BOUGHT VECTOR GROUP LTD VGR 19.850 SEE NOTE'S' ON BACK SIX DIV ON 393008 MIS REC 09/9413 PAY 0912945.3 AS OF 04019I03 TOTAL -n DEPOSITS AND WITHDRAWALS IMO MANS/MIN DISCS:PTO, OMIT IMWIT OMIT Melia C 09/22/03 FUNDS REC INDS WIRED TO CITIBANX FROM 88.733.00 in TOTAL MORGAN STANLEY . CO. NC. LCT32655221600 388.733 00 DIVIDENDS r omt 09/29/03 oesownoe VECTOR GROUP LTD REC 09/19/03 PAY 09/29.03 MulsOUCURP VGR o.urrn-r 393.008 PAN 0.4000 OEM Am3t0 CMDU ANOUNT 157203.20 TOTAL 5157.203.20 SZ9TSEOCIN9- ANGS On reonio3:1 z) 001 NI13 8 IJ IJ EFTA01321480 49.4880 TrolOVCku ~TY CNINGO SIASVARY OFFICE SERVICING VOA ACCOUNT Um. Steams 6 Co. Inc. Tar Ten Saran COT BUNR 383 Madison Avenue New Tod. New Tort 10179 De Ileecash WNW NOT 11,0321. Neu York 11201.)859 STMRNS (212) 272-2000 tzi 23 27240:0 FINANCIAL TRUST COMPANY INC rumen PENCO Autos/ 30,2003 THROUGH Sege.mber 30 7003 Transaction Detail (continued) ACCO.N7 r.weER 03846056 X72 TAXPAYER Kikk!NR On rue INTEREST UST STATENENT August 29. 2003 OM( DOCRP0011 .9924.0322 OVAN70, ROC Iq mart AvarNT Me04.0 09/22/03 INTEREST ON CREDIT BALANCE 0.5000 121.19 AT 0 1/2% 08/21 11IRU 09/20 TOTAL 5121.19 MISCELLANEOUS Z T F I 1.100.1Y ThUaltACTOW oisciemoN one mom CRmll iTsr 09/02/03 JOURNAL MARK TO MARKET 11.000.00 09/02/03 JOURNAL MARK TO MARKET SHORT POS no:o.00 in 09/08/03 09/08/03 JOURNAL JOURNAL MARK TO MARKET MARK TO MARKET SHORT POS 9.750.00 9.750.00 09/16/03 JOURNAL MARK TO MARKET 3.750.00 09/16/03 JOURNAL MARK TO MARKET SHORT POS 3.750.00 09/22/03 JOURNAL MARK TO MARKET 2.500.00 r 09/22/03 09/29/03 JOURNAL JOURNAL MARK TO MARKET SHORT P05 MARK TO MARKET 2.500.00 25.499.00 0929/03 JOURNAL MARK TO MARKET SHORT POS 25.499.00 TOTAL 5-52.499.00 552.499.00 9Z9ISEOCIND- ANGS 021 10.01.00:1121 03f EFTA01321481 CLEARED 71.0003/1 ITS MC.LY OATICO St110.0ART CfnCE SERVICING YOUR ACCOUNT &a Dann Sauna Cap. Beer, Steams & Co. Inc. BEAR 383 Mattson Avenue New York. New York 10179 Ont *moan Cann htsa fro/00 Nat Yon 11201.3859 T'2I 272.1coa STUMS (212) 272.2000 FINANCIAL TRUST COMPANY INC 7 re STATO*UT 117/100 AugiSt 30.2003 Twit0Lx3i. StStemtei 302003 Amato sLAREA OSS-MOSS TAXPAYint m.seen On Tde Your messages LAST STAID/Da August 29.2003 Bear. Steams Securities Cap. Net Capital and Net Capital Requirements: Securities and other assets in your account are the firm's collateral for any margin loan made to you. If the securities and other assets in your scrotal At May 31, 2003 and July 31. 2003. the Company's net capital of decline in value. so does the vakie of the collateral supporting your loan, and, approximately 42.4 billion and 43.0 billion was approximately 6% and 7% of as a result, the firm can take action, such as issue a margin can and/or sell 0 aggegate debit items and exceeded the minimum regulatory net capital requirement of approximately 4799.5 million and 6904.4 mil on by approximately 31.6 billion and 62,1 billion, all respectively. securities a other assets in any of your accounts held with the memter, in order to maintain the required equity in the account. It is important that you fully understand the risks invoked in trading securities on margin. These risks include the followig: m A complete copy of the Bear, Stearns Securities Corp. Statement of Financial Condition is available on the web site www.bearsteams.com. ARematkely. to request a free printed copy please call • toll free 1-866-299.9331. ' You can lose more rinds than you deposit in the margin account. • The firm can force the sale of securities a other assets In you ci m ' account(s). The firm can sell you securities or other assets without contacting you. • You are not entitled to choose which securities or other assets in your H account(s) are liquidated or sold to meet a margin call, ' The firm can increase its 'house' maintenance margin requirements at r ' any time and is not required to provide you advance written notice. You are not entitled to an extension of time on a margin call. LZ9TS£00 IND ANDS 027 1001;03.1121 001 0113 6IIPZZOOV1-43 EFTA01321482 atOtta n440.04 rra WM1QIY 0.0420 SL.I.SiVARY OFFICE SERVICING YOUR ACCOUNT kw. awe Stones C013. Boat. Steams & Co. Inc. BEAR 383 Madison Avenue New Yak. New York 10179 QM Metoaca Com fin litethn Ws cot 20 3559 STERNS (212) 272-2000 C272)2724020 FINANCIAL TRUST COMPANY INC sTATI340.7 Pn000 Aupil 30.2003 mamas Seoternter 30.2003 ACcoteer mulKIER 03846056 102 TVCOMIER !oda,. On Fib V.1T liTATEMEVT Au9nt 29. 2003 This statement is provided to explain Bear, Steams & Co. Inc.'s MSC" Pursuant to SEC Rule 11Acl -6. please note the following: payment for order flow practices. BSC routes a majority of orders for customer securities transactions to the Bear. Steams & Co. Inc. will post Its quarterly routing statistics at the following primary market fa such securities. Orders may also be routed to other market web link: http://www.bearstearns.comi. Click on Individual Investor. Click on service vendors that assure executions pursuant to complex mathematical Equities, Click on Order Routing Practices. z formulas at better than the national best bid or best offer (N880). BSC receives no cash payment a other consideration fa such order routing other m than favorable executions or executions of limit orders at no LickfitiOnal charge. Customers of Bear. Steams & Co. Inc. may request information on any order executed within the prior six months from the time of the request. Specifically. you may request the identity of the venue to which the identified orders were routed for execution. whether the order was directed by you to that venue, and ci the time of the executions. if any, that resulted from such orders. m z STOP End of Statement H r 8Z9TS£00- O19- ANGS 027 10701201.7 I 77 001 lelx I S IJ IJ lJ IJ O EFTA01321483 CLEARED THROWN RS MeOus Ovien0 SUISCmire OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc Int. Steps Sorttiess BEAR 383 Madison Avenue NOW York. New York 10179 Ore Warmth Cour Nom Stag. Pear at 20 315E STEARNS (212)272.2000 C21212/2-1000 FINANCIAL TRUST COMPANY INC ACCOUNT EXECUTIVE ZICHERMAN.IRA PATEMENT naoo Jury 26. 2003 TO/PHONE (212)272-4189 nnovOm Amaint 29. 2003 Mil OUR WEBSUE awettearsteams.«, ACCONrer AVWSER 03846056 X72 What's In This Statement IMPAYER NIJUSER On Ft LAST STAWIT 347 25.2003 Financial Summary 3 FINANCIAL TRUST COMPANY INC Your Portfolio Holdings C/0 AMERICAN YACHT HARBOR 4 Transaction Detail 6100 RED HOOK suaE 8-3 QUARTERS #2 ST THOMAS VI 00802 0 -n C Your Portfolio at a Glance Market Value of Your Portfolio Important Message rn TOTAL YALUf OF SECURPRES1116 POPO 35.229.258 Cash & COMM.*. 551°1303 _J 5593.318 Bear Stearns 6 pleased to arnounce al corwerslon to a calendar month-end VET CREW BALANCE 594.703 EquSAS 535.542.758 9318500 statement. Effecere 536.161.059 5-273.500 SOPICInta 2003.PW aCCOunl Statement mill NET EQUITY HO PIR100 535,823.961 IM Marta robs mho reflect a whiny and account valuation up to and NET FOUST LAST STATEIAENT 36.480.877 last stints market Ma ncludIng the last buSinelS r CHANCE Ma LAST STATIMEAR -656.915 O Shen mat as day of the month. There are no 'Stop Loss* orders or other pending buy or sell open orders on file for your account. 6Z9TSEOCIA19- ANGS Pane Wet tory Carega or -*want el thee.* ndta. aloud n deilvend y{y. b OM! Serest N acomutrat cent) Club Se.e.es at Ber levy Ssibas Cap. Pm Wanted, C.,, hay) tbad),.. D. • JD NM Stc ens urinary es Tr tee-m.22ml atraints oar. X rs eet .[end men aannea. n14 utemen ate es waned * yew non,. So. rnerse ode IV inartal ntrrAnin 027 011001 13 45 001 val 2 rn 8 b.) b.) b.) EFTA01321484 WARM TIMM., ITS VOIMLY ONNED SUISONRY Deer. Stens Smuts Cer, Ore - MY Mn bet^ Nett 'et 112014eS, ISM 272.1e00 FINANCIAL TRUST COMPANY INC 0 z m STATEMENT BACKER IS PRINTED ON THIS PAGE C m z H r 0E9ISE00- IND- ANGS 02? 01,003.13 ay 001 EFTA01321485 CLEARED 11.9101.01 Re vatus 0/16.90 WIDOONY OFFCE SERVICING YOUR ACCOUNT bat s_ Sabel CoM Bear, Stearns a Co. Inc. BEAR 383 Madison Avenue Neve York. New York 10179 Verown, Gina Nem •rocer. St. Tot 112014859 STEARNS (212) 272-2000 1218 212-1000 FINANCIAL TRUST COMPANY INC 3 de STAIWIPiT 8FROD July 26.2003 714.10V011 &5u2 29. 2CO3 income wil4888 03866056 872 Cash Flow Analysis Income Summary INOMYEN MNBER Or, rte has M onPao flan to net UST STAITNENT My 25 2003 OpeningBalance $593.317.54 Dividends 1.250.00 285.433.71 Subsetute Payment 0.00 194.747.20 Diveenctsenterest 1,385.68 Craft Balance Int. 135.88 912.53 Amount Credited 51.385.68 Total 51.385.68 3481,093.44 Net Cash Acerity 1,385.68 Margin Int. Pad 0.00 -44.988.13 ClosingBalance 5594,703.22 -n Sono flay hoot el omit toton saw* "poi as nal WONG NM e•cfarc au°, fl t - M NI (MS to Stew Nflaktflima SIMS. Wear it Trnacan DNS. Portfolio Composition C 38018 wiG in Cash Balance Summary CashiCash Equvalent Equities 313,500 594.703 35,542.758 z CPDOC CLOSING Total 1313,500 S36.137,461 Your Portfolio Cash 101.98 237.64 Allocation Mary 317.465.32 291.966.32 Short 275.750.26 302.499.26 r Net CashBalance 5593.317.54 5594.703.22 TE9TSEOCIN9- ANGS offinufoci oolong Mlle ceof Wino ann. n.fot Via fl tuns orunafr M act.: Ton !hi abseil* quoin yof... of Ns 1.3401. 027 0183(8081385 031 EFTA01321486 =AMP 130101/0. 218 %HOLLY Ove4ED etttlelm CCRCE SERVICING YOUR ACCOLINI Bete. Steams & Co. Inc. 6.e. Sees Sete Co.,. BEAR 383 Meson Avenue New York. New Yak 10179 Ors Mete Carer Mn bee Ws York 11201- 3S STEARNS (212) 272-2000 . I212) 2124003 FINANCIAL TRUST COMPANY INC 4 ore STATEMEM NAM lull 26. 2003 Tweau &lug 29.2003 Your Portfolio Holdings .x0.0 MASS! 036-66056 372 CASH 8 CASH EQUIVALENTS TAXPArErt emeeart On Fie use seeservErrer Jurf 25. 2003 Weal 1656.4030 WNW OISCAPIKA Si.ea,et.ste 0.10111rY Met WW1Neale ¶WWP ne CASH BALANCE 594.703 TOTAL CASH & CASH EQUIVALENTS 5594.703 z EQUITIES m Equities 8 Options SWI Mee OUGRMION MIKMUSIIT /CU COMM MCC Vele M MMUM. NOME CLIMMT MELD no C FLIDGRONIC-S INTERNATIONAL FIfl MRGN rn 100,000 13.4900 1.349.000 LTD z GALYANS TRADING IC HOLUNGER INTERNATIONAL INC CI. A GLYN HUt MRGN SHRT 150.030 -25,000 10.8310 12.5400 1.624.650 -313.500 -5,000 1.5949 MBNA CORP KRB MRGN 1.000.030 23.3400 23.340.000 400,000 1.7138 TYCO INTERNATIONAL LTD MRGN 100,000 r VECTOR GROUP LTD VGR AARON 393.008 20.5800 14.4300 2.058.000 5.671.105 5,000 628.813 0.2430 11.0880 SENTIGEN HOLDING CP RSTD 9380646 CASH 333.334 4.5000 1.500.003 Total Equities& Options 535.229.258 51.028.813 TOTAL EQUITIES 535.229.258 51.028813 ZE9TSEOCIND- ANGS YOUR TOTAL ESTIMATED ANNUAL INCOME 51 028813 YOUR PRICED PORTFOUOHOLDINGS 535.823,961 027 Setts at vett I IJ IJ IN IJ EFTA01321487 CLEARED TIStatel wilCur OATAD SaSIDIARY OFFICE SERVICING ',CUR ACCOLOR Be. Swim Saxon 020. Beat. Steams a Co. Inc. BEAR 383 Madison Avenue New Yak, New Yak 10179 Cse Alsintsch Crow Soil Ircotbn. Ste Ton 11201,3ASS STEARNS (212) 272-2000 0121272.1CSD FINANCIAL TRUST COMPANY INC 5 a eTAnuewr mem Jay 26.7001 wawa. /1/4 0221 29.2003 Transaction Detail ACOCANT KAMER 018-66066 r/2 TAwATIER SIARER On file DIVIDENDS LAST STATEuENT .k 25. 2003 OATS DESCRODON STIMOL/CUSP OUNCTITY RATE CS) OBIT /MOW CREW 2.000.1 08101/03 TWO INTERNATIONAL LTD TYC 100.000 0.0125 1250.00 RFC 07D1/03 PAY 08:01/03 TOTAL 51.250.00 0 INTEREST z m DATE DESCRITMON SmillOUCUW OUNCTRY RATE PO OM ASIR CREDIT MOUNT 08121/03 INTEREST ONCREDIT BALANCE 0.5000 135.88 C AT 0 1/2%07/21 T14tU 08/20 in TOTAL $135.68 z J MISCELLANEOUS an SODAY 1R025.4C110,1 DESCRIPTOR Dan AMOUNT CAMIT MOM 07/28/03 JOURNAL MARK TO MARKET 2.250.00 r 07/28/03 08/04/03 JOURNAL JOURNAL MARK TO MARKET SHORT POS MARK TO MARKET 2,250.00 7.499.03 08/04/03 JOURNAL MARK TO MARKET SHORT P05 7.099.00 08/11/03 JOURNAL MARK TO MARKET 2.999.00 08/11/03 JOURNAL MARK TO MARKET SHORT P05 2.999.00 EE9TS£00- 019- ANGS 08/18/03 JOURNAL MARK TO MARKET 18.999.00 08/18/03 JOURNAL MARK TO MARKET SHORT PDS 18.999.00 08/2503 JOURNAL MARK TO MARKET 5.500.00 027 DS00.1.1145 001 V1112 EFTA01321488 0.60613 "MOWN ITS %MOLLY CIMCO SISSICVAY OFFICE SERVICNG YOUR ACCOUNT BOW Sten 3.10/1101 c Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue Oa Motnklich tnt Nell than" New rent 11201.1869 STEARNS New York. New York 10179 (212)272.2000 RID 272.1800 FINANCIAL TRUST COMPANY RC 6>e STATEMENT P0080 My 26.2003 THROUOm AucuSt 29.2003 Transaction Detail (continued) A0:08187 ituIMER 038-66068 972 TAXPANTR INMIER Or. File MISCELLANEOUS (continued) LAST FrATEVEMT Ally 25. 2003 080 1.131048 TIAISACTION CtSC.8101-61, 0891 81.11880 anon 'NOW 08/25/03 JOURNAL MARK TO MARKET SHORT POS 5,500.00 TOTAL 5-37.247.00 537.247.00 -n C End of Statemen in z -H r PE9TS£00- 019- ANGS 027 08/30113.13 4.1 001 3112 I8 IJ IJ IJ EFTA01321489 CAM= THNOVON ITS wieDaT OWNED SOSSIYWIT OFECE SERVICING YOUR ACCOUNT Bear, Steams dr Co. Inc Diu Sign lowrissa Cop. BEAR 193 Mattoon Avenue New York. New York 10179 Ose liettapch Cast Pen Brown Nevi Oic 20 .385 C 12I 2124003 STEARNS 1212) 272.2000 FINANCML TRUST COAPPANY INC ACCOIRR EXECURVE DCHERMAN3RA STATE•fra mew lune 28, 2003 TELEPHONE (212)272.4189 Ilepuew 25.2003 VISO CUR MOSHE www.tearsteams.co- ACCOUNT WARR 038.66056 ST2 What's In This Statement liltIlllrrlllllll II Tescrerte Kama On Fie FINANCIAL TRUST COMPANY INC Lein sinew kale 21. 2003 Financial Summary 3 Your Portfolio Holdings 4 C./0 AMERICAN YACHT HARBOR • 6100 RED HOOK SUITE B-3 Transaction Detail 5 QUARTERS *2 0 ST THOMAS VI 00802 0 m C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL VALUE OF SECURITIES TICS PERIOD 35,887,559 came Egparg 1 'atria SSIS.NIS NET CREDIT EIAIANCE 593.318 $36.161.059 : $-213.500 EPPOIR 554.388.428 : $.273,600 NET EQUITY 1108 PlNOO 536.480,877 III Damn meat vakm NET EQUITY LIST STATEMENT 34.608.693 ON tad stameres genet via r CHANGE SPICE LAST STATEMENT 1.872.183 IM Site Rotted saes There are no "Stop Loss' orders or other pending buy or sell open orders on file for your account. SE9TSEOCIN9- ANGS Par ,Ixe, art enema et ''^rvec t UnCk. v nbbb Mated a attend b rat. llz unmans e Rr cromvesnal wwww OOP, t H ntt UMW, as a ht OsTwINN. fa Clot brain M tiONabblat. v vra fa Clot Sow* 11 Ike. bean, Sebota 'Ns unmet stasil at etanta yxr tworat See Meta —Re rowan efowaun Cob. On shinnot Coen W... San) xr. , trOtat4 027 0/120.133.02,2 CO% VSII I8 IJ IJ IJ —8 EFTA01321490 CLEARED 1144Cv0ai wHOLLY Ost193 EUDDCuar tear. Sams Solent, Co. 0x PAN7ctich Gros Now Omae210. Mem Yen 11201.3859 2'2I 272.10:0 FINANCIAL TRUST COMPANY INC 2 O z m STATEMENT BACKER IS PRINTED ON THIS PAGE ci m z H r 9E9TSEOCIND- ANGS 027 07/7603.1DOE 001 veil 8 b.) b.) 00 EFTA01321491 CLEARED 4/9ROU0/4 ITS wHOLLY 04440 StaelactARY CfnCE SERVICING YOUR ACCOUNT Bete. Stearns & Co. Inc. Kt Rana SeOsbes BEAR 383 Madden AVM* Ow tleactech Caw No% *edam Para York 11201.3859 STEARNS New York. New York 10179 (212) 272.2000 42121272/1400 FINANCIAL TRUST COMPANY INC 3 9/4 50/7/3/48/7 mace Ana 282003 n/ROUGN lua 7s. 2oce ACCOLart NUNS 038-ssose 442 Cash Flow Analysis Income Summary TASK" MAW On Al. 1145PEROD net IOW nut roan LAST STATEVENT June 27. 2003 DN.dends 80.000.00 284.18171 OpeningBalance $515.765.21 Substitute Remnant 0.00 194.747.20 Dindendsarterest 80.101.96 Credit Balance Irr. 101.96 776.85 Amount Credited $ealotse Total $80.101.96 5479.707.76 C) EilMendsrintereSt Charged -2.549.63 Margin Int Paid -1.299.63 -44.988.13 Amount Debited 5-2.549.63 -n Net C8321 Activity 77,552.33 Portfolio Composition C Closing Balance $591317.54 SHORT LING in Ma b rube t babe maw ppat so /at nos 444 444144/ 424 Sian a se/ N d— taw 11••••S .- ea wad. CasNCash Equivalent 593,318 wpm Tneatilm 04.44 Entities 273.500 36.161.059 Total $273,500 536 754 377 Your Portfolio Allocation Cash Balance Summary MOM %Mg r Cash 5.259.913.05 -5,021.547.10 101.96 317.46832 Mt4591 Shaft 277,49826 275.750,26 Net Cash Balance $515.765.21 5593.317.54 LE9TSEOCIN9- ANGS L. Faunas 98% tkin•NO %flat. Ord., 6..4 berm rd. tat 'new nIa TM •Itatle, pewCri” &V1.*, ton tn. Sara nine .sea $.1 co/folo 027 042603.10/09 00% VIII rn 8 42 rJ EFTA01321492 CLLhnO INROL0m173 smelt°. OvisiD ISAWOVJef C4110E SERVICIaG YOUR ACCOUNT ftw. Stoats Seculta Co Bear. Steams & Co. Inc. BEAR 383 Ntedson Avenue New Yoh. New Yoh 10179 Oro MAWKa Cole Wen lkoMpt. xw M 20 -3630 STEARNS (212) 272-2000 12123 272.1000 FINANCIAL TRUST COMPANY INC 4 ore ittivieNT PISMO LSO 28.2003 meow.' AA) 25. 2003 Your Portfolio Holdings ACCOvra nate% 03846056 372 CASH & CASH EQUIVALENTS USW, (ante On Ft Lim ITAITurni )iii 27. 2003 Winn ESSIALTED EURADO [Meting% Snit',XL'S Oanrtnt PtCi VMLE Wen NOS& MO nu CASH BALANCE 593.318 TOTAL CASH & CASH EQUIVALENTS 5593.318 EQUITIES -n &BAIA* & Options ACC, wean LSIWATED CL (T DESatingt C FLEXMONICS INTERNATIONAL SYSSOUCtraia FLEX Mt MEN 1aMNnla 103.020 PNtt 11.1300 WON 1.113,000 ANNUAL NODS( 060 MP rn LTD GALYANS TRADING INC GLYN MRGN 150,000 12.0700 1.810.500 HOLLINGER INTERNATIONAL INC HUI SHRT -25,CO3 10.9400 -273.500 -5,000 1.8282 CL A 'AMA CORP KRB 1.4RGN 1,000,000 23.0003 23.003,000 400.000 1.7391 TYCO INTERNATIONAL LTD TYC 1.4RGN 100.000 19.7000 1.970.000 5.000 0.2538 r VECTOR GROUP LID VGR IARGN 393.008 16.9400 8,657.556 628.813 9.4451 SENTIGEN HOLDING CP RSTD 9380646 CASH 333.334 4.8300 1.610.003 Total Equities&Options 535.887.559 51,028,813 TOTAL EQUITIES 535.887.559 51.028.813 8E9TSEOCIN9- ANGS YOUR TOTAL ESTIMATED ANNUAL INCOME $1,028.813 YOUR PRICED PORTFOLIOHOLDINGS 536.480.877 027 07/2603:1009 CM '411 EFTA01321493 CLLR= TaZta Its waLLY DANA, SataDaY OFFICE SERVICING YOUR ACCOoeff Beet. Steams b Co. Inc. Bate Stan Sara Ca. B&\R 383 Madison Avenue New York New York 10179 In. Wt Oar Nat, Man" Mn Yon 11201.3859 12, 2) 2t1.! STURNS (212) 272.2000 FINANCIAL TRUST COMPANY INC SP. stalla7 PERIM am 28.2003 wmovem Are 25.2403 Transaction Detail Arecurr •a.meaR cee-66056 rn TE.a.wErt Maga On at DIVIDENDS LAST !MATO/WC Am. 27.2003 DAR ccsoaencw SIVICaLGIP 011.11111EI al El) DOM Mai CREW MOM 07/01)03 MBNA CORP KRB 1.000.000 0.0800 804:00.00 REC 06/13/03 PAY 07101/03 07(02/03 HOLLINGER INTERNATIONAL INC MLR 1.25000 ON DN CHG 25000 SHS SHORT REC 07)01(03 PAY 07/15/03 TOTAL 5.1.250.00 580.000.00 -n INTEREST C DATE DISCRP101 SYMIKOPJSIP WWITTY MIE (111 con Meal rn 07/21/03 INTEREST ON CREDIT BALANCE AT 012% 06/25 111RU 07/20 0.5000 MC Mar 101.96 07/21/03 FROM 06/21 THRU 01/20 ®21/2% 2.5000 1.299.63 ELN. 318.264. AVBAL 623.824 TOTAL 5-1,299.63 $101.96 r MISCELLANEOUS GATE MEMO TIMASICEal DESCRIPTON NW AMUR CREDO MOW 05(3003 JOURNAL MARK TO MARKET 3.999.00 06(30)03 JOURNAL MARK TO MARKET SHORT POS 3,999.00 6E9TS£00- 019- ANGS 07/07/03 JOURNAL JOURNAL FROM TYPE 1 TO 2 5.259.913.05 07/07/03 JOURNAL MARK TO MARKET 4,749.00 07/07/03 JOURNAL JOURNAL FROM TYPE 1 TO 2 5.259.913.05 07107/03 JOURNAL MARK TO MARKET SHORT P05 4,749.00 027 0/Mtlalf)00 0)1 VI I I8 IJ IJ EFTA01321494 ci.roaa natOu0/4 rnt Psou.Y are 2119.90~ OFFICE SERMING 70JR ACCOUNT Beer. Steens b Co. Inc. Beer. Surs Senmes Cop. BBR 383 Maeison Avenue Ore Weeopeam Gam lan koder. Mn roi 11201.3249 STBNRNS Now York, New Veck 10179 (212) 272-2000 12121 2324000 FINANCIAL TRUST COMPANY INC 6 o1,1 srAnwsir nTeco (une 28. 2003 netotam Juy 25. 2003 Transaction Detail (conUnued) ACCCtra ~MER 03066056 X72 l'AxnvER ~en On fmle MISCELLANEOUS (centime:) LflT STATridetr June 27, 2003 Ont klan IROISACTON 01329.11311 Can Akeux1 CROX1 MYT 07/14/03 JOURNAL MARK TOMARI/ET 749.00 07/14/03 JOURNAL MARK TOMARKET SHORT P05 749,00 0 07/21/03 07/21/03 1.30RI/I5 MARK TOMARKET MARK TOMARKET SHORT POS 500.00 SC0.00 TOTAL S-5.269.910.05 55,289,910.05 9 1 z STOPS End of Stav/men r 0179ISE00- IND- ÅNGS 02, 07RO/03:10N CO1 %VI EFTA01321495 CLEARCO TIO101.0I ITS woO.LY OAT= SIAIS4CLASY OFT10E SERVICING YOUR ACCOUNT Bear. Stearns a Co. Inc. eur. Sten Sins Cap. BEAR 383 MaSion Avenue Cr01.10.rtrach Caws loath Inver Na van 1120/4859 STEARNS New York. New Tat 10179 (212) 272-2000 12121272.1=20 FINANCIAL TRUST COMPANY INC ACCOUNT !SEGURA 2ICHERMAN.IRA STATINENT PERM may 31.2033 TEIEPHONE 1212)272-4189 neavam .2.00 27.2003 VISIT OUR WEBSTIE www.bearmeams.ccen 2.0000,0 SUPAIER 038-66056 172 What's In This Statement WIMP II II TA,XPAYER 14.9..0/111 On rile UST STA7WENT May 30.2003 Financial Summary 3 FINANCIAL TRUST COMPANY INC Your Portfolio Holdings CIO AMERICAN YACHT HARBOR • 4 6100 RED HOOK SUITE B-3 Transaction Detail QUARTERS #2 Your Messages 7 ST THOMAS VI 00802 0 m C Your Portfolio at a Glance Market Value of Your Portfolio Important Message in TOTAL VALUE Of saurnres THIS PERIOD 34.092.928 on Epurratent —B 15,745 82.837.738 COnffnlaliOn: Unless we hear from you to the contrary, it is ott NET CREDIT BALANCE 515.765 Cos tos 534.366.428 5.273.500 urCerstanding that any free 533.194.639 5-276.750 credit balances In pr account we being NET WATT THIS PIDeoCi 534.608.693 INE Current market woe maintained to lactate your intention to invest NET EMIT LAST STATEMENT 30.080,151 last stmernemrs market value such amounts through us. r CHANGE SINCE LAST STATEMENT 4.528.543 I= Short market value There are no 'Slop Loss' orders or out pending buy a' sell open orders on file for your account. TP9TSEOCIND- ANGS Meet opal a-v 011rose r.rvn.p o roam o• toot .recaso at Carta stk., u CYO Somas e 100-8.v..22*. a...0. C:or Strain or: Doc SIono Satin Coo. On Wool° Coo. roes, Irmo-, I v 10114114 Sit Oh orrnory a Ste flint:COW omelet my. II a Oct 0020•4 by morn Tris wawa: 8202.1 be rSt•fil0 be slot rescres Set MORO ISSe Tr COMM Ithrinafrei 027 1,626100.12 CO CO1 I8 b.) b.) EFTA01321496 CadtED TNI10uem ITS "MOLLY O.410 SUBSCOARY Da Sawn. Seta. O. Cat tiercekb C— /telt &weft New York 112014239 ma macco FINANCIAL TRUST COMPANY INC 2 O z m STATEMENT BACKER IS PRINTED ON THIS PAGE ci m z H r Z179TSEOCIND- ANGS 027 C629903:1,O7 027 V209 EFTA01321497 CLEARED THROW>, ITS MOLLY OmE0 ereSSOMY OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. Seer Sion Stalks CM BEAR 383 Madison Avenue New Vat. Now York 10179 Ore Veromth Com MVO Merler Nem at 20 .3$50 STEARNS (212)272.2000 alb 272.1000 FINANCIAL TRUST COMPANY INC 3 a7 STATEMENT Mt 00 May 31.2003 moreCoca hue 27. 2003 Accouter walta 038-66056 X72 Cash Flow Analysis Income Summary 7.40kin KAMA On ne nes MOD THIS MEC WAR '0 Dait LAST STATEWN7 May 30. 2003 Opening Balance 3-2.837.738.38 Dividends 11%659.20 204.18171 Substkuto Payment 37.544.00 194.747.20 Ewes Deposited 3.203.000.00 erotic Balance Int. 0.00 674.89 C) Diklendsinterest Miscellaneous 119.659.20 37.544.00 70tal $157,203.20 3399.605.80 0 Amount Credited 33.360.203.20 Margin Rt. Paid -6.699.61 43.688.50 DividandsAnterest Charged 4.699.61 m Amount Debited 34.699.61 Portfolio Composition C Net Cash ActMty 3.353.503.59 SKR, LEM in Closing Balance Sr. ON extern or nen — mar mon Ye MI manors 3515.765.21 Cash/Cash Etpivalent Equities 273,500 515.765 34.366.428 most suce tilt fa Am -*Ask br s1 Ma nresema New I, Threbeiba eta Total 3273.500 534 882.193 Your Portfolio Allocation r Cash Balance Summary OMNI% cam Cash 2.056.913.05 5.259.913.05 WV^ -5.167.150.69 -5.021.647.10 57C4t 272.49%26 277499.26 £179TS£00- 019- ANGS Net CashEialance 5-2.837.738.38 5515.765.21 Unthiato whys Ores dm berme arab- von Witt WO.. The btirefr }ITAWtogi • =Iran tan t* SON, nowt notea w 02? 4.25•33 12 CO 001 rook EFTA01321498 OAPS= T•MVOM rte watt OvectO SuatoDPRY OFFICE SERVICING MAR ACCOUIC w. Sorts Scones Cop Beet. Steams & Co. Inc. BEAR 383 Madison Avenue New York, New Yea 10179 Ore 1.10SW:h Crier MSS Wooer% Now Yet 11201.31111 STURNS (212) 272.2000 1210 272.1000 FINANCIAL TRUST COMPANY INC 4 a• 7 STATEmENT PERIOD May 31.2003 TROL7.3ti lune 27, 2003 Your Portfolio Holdings teCCumi SHIM 03644056 X72 CASH & CASH EQUIVALENTS TAXPAYER rats, On Fie LAST STAIRWAY May 30.2003 1.4.0(27 MUM) COMM DISCRa1170 ynaboccusy Cuomnr MO, MU( WOO %COO VELD nt) CASH BALANCE 515.765 TOTAL CASH & CASH EQUIVALENTS 5515.765 0 Z T EQUITIES Equities & Options F I ACC! Won WHAM CUOMO DESCOPTIOel SYMOXECUS• CAMPY VALUE MOM NOME MOD 110 C ELECTRONICS INTERNATIONAL FLEX MRGN 100.000 10.5600 1,056.000 m LID GALYANS TRADING NC GLYN RARGN 150,000 14.0700 2.110,500 HOLLINGER PITERNATIONAL INC MLR SHRT .25.000 10.9400 -273.500 -5.000 1.8282 CL A MONA COPS, KRS ISTGN 1.000.000 20.7500 20.750,000 320.000 1.5422 TYCO INTERNATIONAL LID ttC MON 100.000 19.2000 r VECTOR GROUP LTD VGR MON 393,006 17.6500 1.920.000 6.936,591 5,000 628.813 0.2804 9.0652 SENTIGEN HOLDING CP RSTD 9380646 CASH 333,334 4.7800 1.593,337 Total Equities& Options 534.092.928 5948.813 TOTAL EQUITIES 534.092.928 5948.813 t749TSEOCIN9- ANGS YOUR TOTAL ESTIMATED ANNUAL INCOME 3948.813 YOUR PRICEOPORTFOLIOHOLDINGS $34.608.693 027 0572.03.12C0 COI %SOS I8 IJ 17) a EFTA01321499 CLEARED 0490J011 WOW! Oiwt StillSOCAPY CENCE SERVICING YOUR ACCOUNT BeM slim Saco*. CO. Beer. Steams & Co. kw. BEAR 383 Macison Avenue New Yak. New York 10179 Me monad> GAS We grooltr. Pee Yak 112013659 STEARNS (212) 272-2000 C2121212'1= FINANCIAL TRUST COMPANY INC 5 of > STAMAINT name May 31.2003 114301)3.4 June 27. 2003 Transaction Detail ACCOarr Paget 03046056 %72 TAXPAYER WAWA On Fla DEPOSITS AND WITHDRAWALS LAST STATEMPET May 30.2003 DAII TPANSAC000 CESCRP104 CE&1 AvCCNI CaAM mown 06/27/03 FUNDS REC FNOSWIRED TO CITIBANK FROM 3.203.000.00 MORGAN STANLEY . CO. NC. LC131781731903 C) TOTAL 53.203.000.00 DIVIDENDS -n CATE DES,APPCN snehOLIWIP COMM RAII ti) Can ALCM CAIDI1 MOW 06/27/073 VECTOR GROUP LTD VGR 299,148 0.4000 11%659.20 REC 06023/03 PAY 06/2703 in TOTAL 5119.659.20 SUBSTITUTE PAYMENTS DATE CCSCX1010•1 VnAlletRUS. 0.1.031-r *Al 31 MST AMOUNT Off DP Amara 0627/03 VECTOR GROUP LTD VGR 37.544.00 r TOTAL VAST PAY ON 93860 SKS REC 0623/03 PAY 06/27/03 $37.544.00 INTEREST SP9TSEOCIN9- ANGS SnieCtriu5P 0,101111Y PATE (%) OHO MOM CREDIT MONT 06/23/03 FROM 05/21 THRU 06/20 OP2 1/2% 2.5000 6.699.61 Fou. 5170.401 AVIAL 311%076 TOTAL 5-6.699.61 027 042.03.02C0 00' >We rn I8 IJ IJ .9- EFTA01321500 CLEARED ineition as wit( onto stlinteARY OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. bx San Swat Cap BMR 383 Madison Avenue New Yak. New York 10179 OM 1A•intech env Novi amour. ND* ea 1110148AR STURNS (212) 272.2000 C2121 27E.1000 FINANCIAL TRUST CONTRARY INC 6 « 7 IITATEDEHr PER= May 31. 2003 THROUON Am 27.2003 Transaction Detail (continued) ACCOLNE RUMER 03646066 172 TAXRAVER MAMA On fae MISCELLANEOUS LAST ETA:Then Wry 30.2003 DOE 14ffly TRAXSACTIOPI DISCRIpnei Ed1I411s11 CAM NdCtefi 05/02/03 JOURNAL MARK TO MARKET 4,250.03 06102/03 JOURNAL MARK TO MARKET SHORT POS 4.250.00 O 068)9/03 04109/03 JOURNAL. JOURNAL MARK TO MARKET MARK TO MARKET SHORT POS 2.250.00 2.250.00 06/16/03 JOURNAL MAR% TO MARKET 3.249.00 -n 06/16/03 06/23/03 JOURNAL JOURNAL MARK TO MARKET SHORT POS MARK TO MARKET 3.249.00 1.749.00 I36/23(03 JOURNAL MARK TO MARKET SHORT P05 1.749.00 rn TOTAL 1-11.498.00 $11.498.00 r 949ISE00- 1N9- ANGS 027 Miaactizoo 001 VICE EFTA01321501 WANED 77490.474 RS wtiese ovum SUMMARY OFFICE SERVICING YOUR ACCOUNT Se. Salim Stone Ca Sew. Steams & Co. Inc. BEAR 383 Mattison Avenue New Yolk New York 10179 Cm Wm.& Comer IkAA etccatiti. Mee OA 20 59 STEARNS (212) 272-2000 C272) 2 724 COD FINANCIAL TRUST COMPANY INC STATEMENT PERICO May 31.2003 ThitOoom Ant 27.2003 Atc %AMR 018-66056 r72 TAVANIA MAWR Qt FAO Your messages VAT STATEMENT May 30. 2003 IOW With interest rates at their lowest in 45 years income oriented clients are reminded of the risks inheoeM in attempting to maintain or (-) increase the average yield on a Fixed income portfolio. Generally, securities carrying a higher yield come with some combination ci 0 added credit risk, extended maturities, reduced liquidity, or special cal features. Rising interest rates can cause a docine in the market value of your portfolio. which well impact you principal if z securities are sold prior to maturity. Please consult yak Bear Stearns m account executive if you would like to discuss your fixed income portfolio. As a leader In Fixed Income. Bear Steams can analyze any portfolio. held here or elsewhere and make recommendations such that your portfolio is aligned within your tolerance for risk. ci m z STOP! End of Statement H r LV9TSEOCIND- ANGS 027 otaaomota col 9935 EFTA01321502 CLEARED 110401424 011. nt..022Y °NNW SVS.SCW2Y OfFICE SERVICING 'CUR ACCOUNT 9ear. Steen SC0.2152, Cap Bea. Steams a Co. Inc. BEAR 383 Madsen Avenue Cre idetiotech Caw WIT frost" New Yfl 11201.1459 STEARNS New York. New Yak 10179 (212) 272.2000 (112) 272.10D3 FINANCIAL TRUST COMPANY INC ACCCONT EXECUTIVE ZICliERMAN.IRA STATEMENT PERM AO 26.2003 TELEPHONE (212)272.4189 TIIRCS.K04 May 30.2003 viSIT CUR WEBSOF wmv.bearsteams ACCOJNI rouse( 032-66056 272 What's In This Statement TAXPAYER Nutmeat On FM Wirt STAIDofNT AprI 25. 2003 Financial Summary 3 FINANCIAL TRUST COMPANY INC CA3 AMERICAN YACHT HARBOR • Your Portfolio Holdings 4 6100 RED HOOK SUITE 8-3 Transaction Detail 5 QUARTERS #2 ST THOMAS VI 00802 0 m C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL VALUE OF SECURMES THIS Pomo 32.917.889 co, & erna in _El S-2,837,738 1-2649.22S NET DEBIT BALANCE -2.837.738 IOW 333.194.539 1-276.750 $28.995.595 1-231.250 NIT 00UITY INS PIRICO $30.080.151 El Current matte value r NET EMMY LAST sunken *ma SINCE LIST STATEMENT 25.915.117 4.165.034 OM last statement's market VA. Sheet mute value There are no Stop Loss' orders or other pending buy Or Sell Open orders on fife for your account. MT SEOCIN9-ANGS nano enst an, eiA•ra• nsmicoo a thins r wet, roww n *Ana b vo4 g lIN Tin nrenry Sly SINSMSNWPSPOMS PIS Han:2 wrath 22 a en 0.20.fleft b Oat Unice Y 00:43.142S. v web Ts Cl... Snap Saw awn $2.02.220 slitmeer Void be remise. ? nue WPCS Set rant We rr epten abmsto• Ca'. Ore Monied. Casw sae, eteur • 20 4/611 02> C5/31iO3.13 30 CO' I8 b.) a V.2 O EFTA01321503 CLEARED THROU3N ITS to•CiLLy OMAGE1URISCARy Ns. Sisals %DAS Ctip. Coe MEMO Caret bath DeoII" Nye rat 11201.31169 (212) 272.1CCO FINANCIAL TRUST COMPANY INC 0 z -n STATEMENT BACKER IS PRINTED ON THIS PAGE C in z r _ 6179T SEGO IN9 ANGS 022 01031/03:1340 C01 I tEtZZOO- V1-43 EFTA01321504 wain names it s ?MOLLY *AHD SuBSOtkny 01110E SERVICRLS YOUR ACCOUNT as. San StatilleS Can Bear. Steams & Co. Inc. BEAR 383 Manson Avenue New York. New York 10179 OR Mayan Caw NCI% Ortadyn New net 11201.3359 (212) 2,2.1coo STEARNS (212) 272-2000 FINANCIAL TRUST COMPANY INC 3 u STAltilenT %%CO AVII 26. 2003 11010904 May 30.2003 amour POWER 01%66056 X72 Cash Flow Analysis Income Summary 7000Arile Ntareell Co Tao us moo° 1143 MOO MAR TO VIE LAST STATDer 2S. 2003 OpeningBalance 42.1349.227.89 Oniciends 1,250.00 84.524.51 Substitute Payment 0.00 157,203.20 Funds Deposited 16.929.13 Credit Balance Int. 0.00 674.89 CeedendsAnterest 1.250.00 TOtal 51.250.00 5242.402.60 Amount Credited 814179.13 Merlyn Int Paid -6.689.62 -36,988.89 DMtlertesilnuatS1 Charged 4.689.62 m Amount Ciobitel $4,689.62 Portfolio Composition Net Cash Activity 11.48451 C Slat ICAG in Closin98.1ancia 42,837,738.38 sari. aar nu*. M soh binelell NOM. talle• ea IS ledlelse —t own node% a MI NOSS ler el NW Inleeeboe IPS MAK [as/VC-ash Equvalent Equities 2.637.738 276.750 33194.639 ens tannnellen Oen& Total 53.114.488 533.194.639 Your Portfolio Allocation Cash Balance Summary r OPOING CU3SING Cash 2.039.983.92 2.056.913.06 Margin 4,107,211.07 -5.167.150.69 Short 217,999.26 272.499.26 0S9TSEOCIN9- ANGS Net Cash valance S-2.849,227.89 5-2.837.738.38 92% Ingnato0 sown own. ant mine OW:* 001 owl* valwa 41444144 ......w. 4 Of444 Wet in c.a.* caning al. it soy >table 021 0301/03.13 30 001 444 8 IJ IJ tO IJ EFTA01321505 CLEARED SACO,. ITS wHOLLY OWNED Su!MMUS, 0.710E SERInCING YOUR ACCOUNT Teat Sans SeasOts ca Bear. Steams & Co. Inc. BEAR 383 Manson Avenue New York, New Wyk 10179 One Ilertatch Cn Ian lhattp. Aw rot 112012.69 12121 272.1 CCO STEARNS (212) 272-2000 FINANCIAL TRUST COMPANY INC 4 of STATEWINT PETtOD ApRI 26.2003 T7nown May 30.2003 Your Portfolio Holdings ACCOus swats 03846056 X72 CASH 8, CASH EQUIVALENTS Winn" swat, On tic WIT STAMEN"( Apt 25.2003 win" CSINATE0 OJAREI0 Orsessros Pan MAE MMUS. TIME 180 110 CASH BALANCE .2.937.738 TOTAL CASH & CASH EQUIVALENTS 5-2.837.738 EQUITIES -n Equities 8. Options ICCT WW1 tSounto COMM INSCRIITIOS SIIMIOUOJUP THE WASTITI area VASA WM< NOOK SSD Sip C FLEXIROMCS INTERNA110NAL FED MRGN 100.000 10.6000 1.060.000 in LID GALYANS TRADING INC GLYN MRGN 150,000 13.6900 2.053,500 HOLLINGER INTERNATIONAL INC HER SHRT -25.000 11.0700 -276.750 -5.000 1.8067 CL A M8NA CORP KRIS MRGN 1,000.000 20.0500 20.050.000 320.000 1.5960 TYCO INTERNATIONAL LTD TYC MRGN 100.000 17.7000 1.770.000 5.000 0.2825 r VECTOR GROUP ETD SENTIGEN HOLDING CP RSTD VGR 9380646 MRGN CASH 393.008 333.334 17.0000 4.7400 6.681,136 1.580.003 628.813 9.4118 Total Equities& Options 532.917.889 5948.813 TOTAL EQUITIES 532.917.889 5948.813 TS9TS£00- 019- ANGS YOUR TOTAL ESTIMATED ANNUAL INCOME 5948.813 YOUR PRICEDPORTFOLIOHOLDINGS $30.080.151 021 0931,03:13-30 001 WWI 8 IJ IJ EFTA01321506 CLEARED ~Dual En MOLLY Data STAISIWRY OFFKE SEFMCMG YOUR ACCOUNT Bear. Steams 6 Co. Ber.Soon Sweden Cm BEAR 383 Madam, Avenue New York. New York 10179 One 12,0~ Cols Idarn ~WA Me Yon 1120.59 STEARNS (212) 272.2000 Q12) 275.10E0 FINANCIAL TRUST COMPANY INC 5 Nc raiser ram Apa 212003 ~OUCH /./Wy 30.2003 Transaction Detail ACCOLNE MAW 03844056 x72 TAXPAYER MAW On Fie DEPOSITS AND WITHDRAWALS LAST STATEKRT APB 25.2003 DATE neANOACTEN ~MI ATICUO CREDIT 1~0 05/09/03 FUNDS REC ENOSW'JAN SACHSCITIBANK FROM KE. TO 16.929.13 solo .C LC131293817700 TOTAL 516.929.13 DMDENDS DATE DESCROtei SmeOUOSSIP OWatlY R4TE CS) DEBIT MONO CREW AmOUTO 05/0103 TYCO INTERNATIONAL LID TYC 100.000 0.0125 1.250.00 REC 0401/03 PAY C50'.03 in TOTAL 51 250.03 INTEREST DATE CESMPTON S11b3UCUSP ~Mr( RATE N DEVI ~NW CAIDET AUGHT 05/21/03 FROM 04/21 THRU 05/20 ®212% r TOTAL BAL 5154,711 APBAL 3211.017 2.5000 6.689.62 S-6,689.62 MISCELLANEOUS DATE Z59ISEOCIND- ÅNGS ~AT MAA5ACIICN CIESCR•7001 OtBIT ~DUO CREDIT /NONE 008/03 JOURNAL MARK TO MARKET 13.250.00 04/28/03 JOURNAL MARK 10 MARKET SICRT POS 13.250.00 05/05/03 JOURNAL MARK TO MARKET 2.749.00 027 05/31,03:10-30 001 %Sm. EFTA01321507 01A1110 THROuGm ITS VsleitY 009110 0.10$00.AY OFFCE SERVICING YOUR ACCOUNT Bear. Steams & Co. kic. Me Swam Rode« Corp BD‘R 383 madden Avenue New York. New York 10179 Ore &nee Cwt« Mann Nod n. T*a let 11201.14.19 121112/2.1000 STD‘RNS (212) 272.2C00 FINANCIAL TRUST COMPANY INC 6 STATEUeir delo20 Apil 26.2003 11100110/1 ?My 30.2003 Transaction Detail (continued) ACCOMT WWBER 0384605e r72 TAxeetot NIAAKIN On Ile MISCELLANEOUS (contruee UST sumweer API 25. 2003 DMT 1404141' 119.15.04104 DISCRP/10,1 OOZY MUIR CR0:11 OAKUM 05215103 NAL MARK TO MARK 2.749.00 c 05112/03 05/12)03 JOURNAL JOURNAL MARK TO MARKET MARK TO MARKET SHORT POS 18.249.00 18.249.00 0 05119:03 05419/03 JOURNAL JOURNAL MARK TO MARKET MARK TO MARKET SHORT POS 20.000.00 20.003.03 z -n 0 Re- 5 750.00 05/27/03 MARK TO MARK 5.750.00 TOTAL $.59,998.00 559.998.00 m z STOPI End of Szaterne r ES9TSECIO- IND- ANGS 021 OS01/03:1030 001 V044 EFTA01321508 CLEARED 0440U0I4 ITS WIICtLY Omai0 Suee.retua OFFICE SERVICING YOUR ACCOUNT and. Sam Stoma Lap. Bear. Steams & Co. Inc. BEAR 383 Madison Avenue One lavoteen Crew earth 8.93888 Nat vent 11201.3859 STEARNS New Yorks New Tort 10179 (21 2) 272-2000 8812)2781COD MAACK TRUST COMPANY INC ACCOUNT ExEGUTNE LICHERMANTRA PATLAIDIT CIRCO Mirth 29.2803 TEIEPHONE (212)272.4189 MAPS 4041 25. 2003 VSIT OUR V/EBSIIF www.bearSte.aim.com Ammar rename 038-66056 X72 What's In This Statement Id TAXP4001 Kum On Fie LAST STMD4/0" Match 28. 2003 FulanCial Summary 3 FINANCIAL TRUST COMPANY INC Your Portfolio Holdings 4 CIO AMERICAN YACHT HARBOR • 6100 RED HOOK SUITE 8-3 Transaction Detail 5 QUARTERS #2 ST THOMAS VI 00802 O z ii C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL VALUE OF SECURITES THIS PERO° 28.764,345 Cam Ealtaltve 5-2.849.228 z NET 003n BAtAAGE -2.849.228 C90004 I S.4955,323 S28.995.595 5.231.250 325.862.213 : 5-205.2 50 NET EQUITY THIS PERIOD $25,915,117 Current marts vela NET EOURY LAST STATDAENT 20,721,640 gaternents =eke value r CHANGE SCE UST STATDAENT 5.193.477 o Sh011 matte value There are no 'Stop Loss" orders Or othei pending buy or sell open orders on file for your account. PS9TSEOCIN9- ANGS run n4.44 44, er19,4o4 cennee:4.0 0* onto 0. oz.. r40/00 St 004.904 I) you. no ins, a fa 4188Yeana: meta amebas needed seam own A Gent Som. 1 L004041•21 awn* z an &yeas eM Yee-4 Seaton 'at meter vale be ntanktlfr yOar non rvaret vee he noun Munk., :cep. On, Meriecn Cte0r N4r0, 44x0/4 '20'-lted) 027 042.43.1212 COI EFTA01321509 01AftED Trol0u01I ITS wittiv OIMED Ow. Sten $80411411 Corp. a I_._ Ca Ian WoeItn. Mad Tot 11201.1U1 12121 272.1000 FINANCIAL TRUST COMPANY INC O z m STATEMENT BACKER IS PRINTED ON THIS PAGE ci m z H r SS9TSEOCIND- ANGS 027 07/20.031212 001 EFTA01321510 PEARS° HOMO, ITS YROLLY OWNED SLISSIVARY OFFICE SERVICING VOA ACCOUNT Bear. Stearns & Co. Inc. mew. Soon smear Coy. BEAR 383 Madison Avenue Cnt IAIOCCedi Grew Nay, irookbn. Mee Yon 112014859 STEARNS New Yak. New York 10179 (212) 272-2000 GOO 2791090 FINANCIAL TRUST COMPANY INC STATFJAEla PERIM Mirth 29, 2003 111R0492/4 Apt 25.2903 ACCOUNT mama Cash Flow Analysis Income Summary 038.66056 272 TWAYER suuSte On fie MIS 912990 MIS POMO YEAR 10 CM- [ LAST arTATINCrir ivaree 28. 2003 Opening Balance S.-4.955.323.15 Dviden3s 80.000.00 83.274.51 Substitute Payment 0.00 157.203.20 Furds Deposited 2.038.426.37 Credrt Balance Inc 0.00 674.89 0 DiridendsAnterest 80.000.00 Total 380,000.00 5241.152.60 0 Amount Credited Dindondsrtnterest Charged 52118,426.37 -12.331.11 Margin Int Paid -11.081.11 -30.299.27 Amount Debited m S-12.331.11 Portfolio Composition Net cash Activity 2.106.095.28 C 94MI ONG in Closing Ba lance an ow Mien elms Ma sento ton tram =OEN as a usil as toSta 1st Al a a 3-2.849.227.89 ad IMAM bag innosologio as gal CashCash Eguvaserr. &lutes 2.849.228 231.250 28.995.595 maw n Ynnentro Total 53.080 478 528.995.595 Your Portfolio Allocation Cash Balance Summary r Cash POMO 0.09.43 1.557.55 2.039.983.92 64619 0 -5.173.129.96 -5.107.211.07 Short 216.249.26 217.999.26 9S9TSEOCIN9- ANGS Net Cash Balance 3-4.955.323.15 5.2.849,227.89 Unralci vow. 44(01. telt 'Mr.. row NV: netile rata rn. decent propelas• (row toe e. realm .rove nibs at bar axe on 049,103:1212 COI 1,143 rn 8 b.) IJ .F- oo EFTA01321511 CLEARED MIOLKAI ITS mai, MIMEO SISSOIARy MICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. Pear. RUM 590.900 COP BEAR 363 madson Avenue Nov York. Now York 10179 0.e titt4th Cenet WT t000ktr 1 (212) 272.1000 ta 10 4939 STEARNS (212) 272-2000 FINANCIAL TRUST COMPANY INC 4 as STAMEN? PEROD Verdi 29.2003 meows Awl 25. 2003 Your Portfolio Holdings COMA, AMISM 038.66056 312 Mame?, %AMR CO FIA CASH & CASH EQUIVALENTS LAST S•ArEwM7 Mirth 28.2003 I/AKET (MUTED 01 ,118T et scepter. MABOUCL3P OUmnx PRICE VALVE Y Meow MS OW CASH BALANCE -2.849.228 TOTAL CASH & CASH EQUIVALENTS 5.2,849.228 0 EQUMES -n Equities & Options mag ISMAIlD 0.IMIMI MSCRIPTIM slummy n OIANTRY MCC MIiA MINIM 810944 MD n9 C FLEXTRONICS INTERNATIONAL FLEX MRGN 100.000 8.3500 835.000 in LTD GALYANS TRADING INC GLYN MRGN 150.000 14.2003 2.130.000 HOLLINGER INTERNATIONAL INC MLR SHRT -25.000 9.2500 -231250 -5.003 2.1822 CL A MBNA CORP KRB MRGN 1.030.0:0 18.5500 18.550.000 320.000 1.7251 TYCO INTERNATIONAL LTD TYC MRGN 100030 14.6100 1.461.000 5.003 0.3422 r VECTOR GROUP LTD SENTIGEN HOLDING CP RSTD VGR 9380646 MRGN CASH 393.008 333.334 11.5000 4.5000 4.519.592 1.500003 628613 13.9130 Total Equities& Options 528.764.345 5948.813 TOTAL EQUITIES 528.764.345 5948.813 LS9TSEOCIN9- ANGS YOUR TOTAL ESTIMATED ANNUAL INCOME 5948.813 YOUR PRICEDPORTPOLIOHOLDINGS 525.915.117 021 09129.03.1t12 001 V643 ril 8 b.) b.) EFTA01321512 atuOO: *MOWN n ~Cur Owmo SUISONAY OFFICE SERUM& YOUR ACCOUNT Bear. Steams & Co. Inc. Bev. Van ~tin DPP. BEAR 363 Mattoon Avenue New Yoh. New York 10179 on MoPelexa CrIzr Nun 13~ New at 20 WS, STEARNS (212) 272-2000 1212) 2121040 FINANCIAL TRUST COMPANY INC 5 0. 6 swamn omen march 29. 2003 04.4410.4 ApN 25.2033 Transaction Detail ACCOUNT ~AA 03866056 X72 imiwrol P&A On We DEPOSITS AND WITHDRAWALS man Sant RM march 28.2003 WYE TIOWACTM WICRIMIM C401INCONT MON »AM« 04/23/03 FUNDS RFC Fa1VInDCKS TO CITel2ANK FROM 2.039.426.37 AI SA ffAA LCT31133184400 TOTAL 52.038.426.37 DIVIDENDS -n nrt DESCRIPINM WIABOUCLM Ou4v7mr PATE ell Olen maim Moe morn 04/01/03 148NA CORP KR8 1,000.000 0.0800 80.000.00 REG 03/15/03 PAY 04101103 in 04/02/03 HOLUNGER INTERNATIONAL INC Cl A ON CMG 25000 5145 SHORT MLR 1.250.00 RFC 04,01,03 PAY 04/15103 TOTAL 5.1.250.00 580.000.00 INTEREST r BAIE Ottervrow Sw0OUCUSIP WA/O1-1 WTI rig eon nape ence moon 04/21/03 FROM 03/21 THRU 04/20 4P21/2% 2.5000 11.081.11 6AL 5066 a79 *St 5147 352 TOTAL 5-11 081.11 859TS£00-IN9-ANGS MISCELLANEOUS 0.14 1430,3 TRMSACTION Ounnicw oan MUSIT WWII MOAT 03/31/03 JOURNAL MARX TO MARKET 10.999.00 027 °UMW:1212 001 143 EFTA01321513 0.8010 T1ROUC01 ITS 814:81.Y Ot0CD susscrARY OFFICE SERVICING YOUR ACCOUNT MY. Slams Seamen co. Bear. Steams 8 Co. Int. BEAR 383 Maclean Avenue New York. New York 10179 Ore 1.80.01.01 One Meth andOp. Na, at 20 118.0 STEARNS (212) 272-2003 1218272.1000 FIIANCIAL TRUST COMPANY INC 6 IITATOIDIT KANO Myth 29.2103 1711108618 sca 25. 2003 Transaction Detail (continued) 6107•88rt 116108411 038-66056 102 TAJCPANDI Maatit On Me MISCELLANEOUS (cortinued) UST 87Ataktrt 13820 28.2003 OArt way rtuelacIte octane Otar AvOLNI CRUM wain 0313/03 JOURNAL MARK TO MARKET SNORT POS 04/07/03 JOURNAL MARK TO MARKET 1.999.00 04/07/03 JOURNAL MARK TO MARKET SHORT POS 1,999.00 0 04/14/03 04/14r03 JOURNAL MARK TO MARKET MARK TO MARKET 5-A 750.00 2.750.00 z ETURNAL 0 MARK:' m MARK MARK TO MAP- ' 5.24.998.00 $24.998.00 ci m z (Th STOP H End 1/StAtItt, C7 t r 6S9TS£00 IND ANDS on 042603:1212 ad, VW I SEtZZOO- V1.43 EFTA01321514 nkrann0 InROUCH n9 Is“:“v owNED SUSSWAY OFFICE SERVICING TOUR ACCOUNT Elear Porn Senenes O9n> Sem Stearns & Co. Inc. BEAR 383 Madison Avenue Ore — trait° Mew at COWS WO. 204669 STB\RNS New York. New York 10179 (212) 272-2000 1212) 212.10:0 FINANCIAL TRUST COMPANY INC ACCOUNT MUNE DCHERMANTRA STAY/Deg Pt MVO 1.2003 TELEPHONE (212)272-4189 niltOu0K Ural 28.2003 VISO OUR Wain) vtabearsteams.com AO:OunT NUIMER 019-66C65 172 What's In This Statement Ilmilml,,Iill hi TAXPAYER &Ic&R On Mt IAST rAMIEfro Teensy 28. 2003 Financial Summary 3 FINANCIAL TRUST COMPANY INC Your Portfolio Holdings 4 C/0 AMERICAN YACHT HARBOR • Transaction Detail 6100 RED HOOK SUITE B-3 5 TO1NR0UNO0 QUARTERS 02 Your Messaged 6 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cm a Ego a S—$.05.5.323 TOTAL VALUE OF SECURITIES 114S PERIOD 25,676,963 I S6102.196 NET DEBIT BALANCE -4,955,323 EcviGts 325.882.213 : 3-205.250 325.082.311 : 3.213.000 NR mum nes PERIOD 520,721,640 Cunt matt nitna NET morn LAST STATEMENT 19,767,115 ▪ Last statemervs market yam CHANGE SINCE UST STATEMENT 954.525 ▪ Slxn market wax There are no 'Stop Loss* orders or other pending buy or sell open orders on file for your account. 099TS£00-019-ANCIS — ?own fel &non CO /*weft* a nods or —..Owls w Cow•NO t wo wary nA. rent0901.0 Domes ern. In rot mr:o.5 as cm acamts. to Pei Sans S 8034.1444.211. or urn* IS CY. SorIon a1 Me. Son Saar Coo,. Ow laorato Grief Mont Ortovirn N 4619 sat ins su!emut SWi be reaned fee ynr moan See tome,. *de fee Wilanani Mormon 027 01-2903 • 1 19 001 v642 I8 IJ IJ 10 1.2 EFTA01321515 MIMEO Int0.1244 ifs VMOLLY 00140 SUOSIDIVW s.. Ream Stone 0=0 Ors iloacouch GOV Not IMAM Mao Vert 112014550 al 21 2724 00) FINANCIAL TRUST COMPANY INC 2 :16 0 z -n STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r T99TS£00- 019- ANGS Q2 03,21.03.11 19 CO1 Wo42 EFTA01321516 as OO 114ROUOM MOLLY OWNED SUBSCway OFFICE SERVICING TOM ACCOUNT Bear. Steams di Co. Inc. Ow. Swami Sea/-M Owo BEAR 383 Madison krenue NOW York. New York 10179 Cwe MOTOWN Canes Noe. Smolt" MN York 112014859 STEARNS (212) 272.2000 (1121 272.1CO3 FINANCIAL TRUST COMPANY INC 3 ae STAtbsfl OCRICO Meth 1.2003 WIROUOM PAW<II 28. 2003 Cash Flow Analysis Income Summary Amour %neer 038.66056 X72 TAXPAYER Napo, on fee IWO POING 11,IT PEFECO YEAR TO DATE LAST IWO/FM Feteuary 28.2003 OpeningBalance CWide<WS 0.00 3.274.51 5-5.102.196.09 Substrate Payrnern 157,203.20 157.203.20 Miscataneous 157,203.20 Credit Balance Int. 0.00 674.89 0 Amount Credited 5157.203.20 Total $157,203.20 5161.152.60 0 DMderelatterest Charged .10.330.26 Margin Int. Paid -10,330.26 -19.218.16 z Amount Debited 5-10.330.26 m Net Cash Acarhy 146.872.94 Portfolio Composition ClosingBalance C Yea Oor Valois wown Wain =am< rpow 5-4 955 323.15 stat LOW in wit YAWN h WO swam won new, os w web Imola bowsaw. Ws pia* Cashitash Equrralerg 4,955.323 NSW in Tiw.. OWW. z Equities Total 205.250 55.160,573 25.882.213 525 882 213 Your Portfolio Cash Balance Summary Allocation OPROAG CXOSIRG r Cash Minn 1.557.55 -5.320.253.90 1,557.55 -5,173.129.96 Sven Cash S. Equ4alent 15% Short 216.500.26 216.24%26 Shen Wile% <1% Net Cash Balance 5-5.102,196.09 54,955,323.15 Z99TSEOCIN9- ANGS Ewan% 84% Loewe., POW* awn) wet v*wes .w. .w. Mu non l e stoop. torcamij• • Mm Sr. P. rA1 re na.et xba yTo. Nob.° On 01'29.03%1 00) 1543 8 b.) b.) EFTA01321517 *fat* NROUGri ns vActLY "Me PJEOIRY OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. Me. Suers Smote. Corp. BEAR 383 Madison AVOW! New Yut. New York 10179 env - ogue wen Beeddr. Na, Rot 11201.1050 Q12 272.1C03 STEARNS (212) 272.2030 MANUAL TRUST COMPANY INC 4>t STATEMENT PERO) Math 1.2003 THROUGH MIMI 28.2003 Your Portfolio Holdings Maw VASIIR 030-660S6 X72 TAYSAYPI 10.1111CR On Ede CASH 8 CASH EQUIVALENTS lAST ITATLIMOT FIReuary 28.2003 WARM ntlMlID LUNIENT DISCRIMON 31.1.(bOt-Cue0 YAW( Waal 040.4 1101101) CASH BALANCE •4055.323 TOTAL CASH & CASH EQUIVALENTS 54,955.323 0 EQUITIES -n Equities & Options ACM wing ISIWCO OMNI 0000S11031 snatueLes. nit OURIMY NR01 %ILO( NOVA Walt 1W 09 C ELEXTRONICS INTERNATIONAL FLEX MRGN 100.000 9.1500 915.000 in LTD GALYANS TRADING INC GLYN PARCH 150,000 12.9000 1,935,000 HOLUNGER INTERNATIONAL MC HLR SHRT 45,000 8.2100 .205.250 -5.000 2.4361 O. A MBNA CORP KPS MRGN 1.000.000 15.4800 15.480.000 320.000 2.0672 TYCO INTERNATIONN_ Lm ITC MRGN 100,000 13.0700 1.307,000 5.000 0.3826 r VECTOR GROUP LTD SENYIGEN HCADING CP RSTO VGR 9380646 MRGN CASH 393.008 333,334 11.6500 5.0000 4.578.543 1.666.670 628.813 13.7339 Total Equities& 00t ons 525.676.963 $948.813 TOTAL EQUITIES 525.676.963 5948.813 £99TS£00- 019- ANGS YOUR TOTAL ESTIMATED ANNUAL INCOME $948.813 YOUR PRICED PORTFOLIOHOLDINGS 520.721.640 021 03,21n0:11:111 001 VII42 I8 b.) IJ Lg. EFTA01321518 CLEO= T70102Cor ITS 2007. OVere.0 026/101AFto OFFICE SERVICING YOUR ACCOUNT Bear. Steams Er Co. Inc. Our Sown Scorner Coo. BEAR 383 Mediate Avenue New York, New Vat 10179 Oro lirokeltdi Credo Ate amen. Nee Yen 112010339 STMRNS (212) 272.2030 212) 272.1020 FINANCIAL TRUST COMPANY INC e rumen PER= firth 12003 neauom wee 79.2003 Transaction Detail ICOX•ir NIAJOG9 ineescse X72 tueneirR eivineR Oil File SUBSTITUTE PAYMENTS LAST neturxr Fgeteve 28. 2003 OATC DESMillee SeuneCUP. »PM WI ele DOM NAOMI one mow 03/28/03 VECTOR GROUP LTD VGR 157.203.20 Bela Pleenee 0 TOTAL INTEREST 3157.203.20 wrt DI3CRIPTION SYMBOL/CUSP 0.11247ITY RAO OW MO AVOW CREOI7 AVOCA‚ 03/21433 FROM MI THRU 03/20 En1,2% 2.5000 10330.26 BAL 5297.503 AvEIAL 5312.705 rn TOTAL 5-10.330.26 MISCELLANEOUS CeUt 1.101).ve IPANSAC1108 memos OM MUM ClIf011 MOM 03/03/03 JOURNAL MARK TO MARKET 3.500.00 r 03/03/03 03/10/03 JOURNAL JOURNAL MARK AS MARKET SHORT POS MARK TO MARKET 3.500.00 6,750.00 03/1003 JOURNAL MARK TO MARKET SHORT P05 6.750.00 03/17/03 JOURNAL MARK TO MARKET 12.500.00 03/17/03 JOURNAL MARK TO MARKET SHORT POS 12.500.00 03/21/03 JOURNAL MARK TO MARKET 1799TS£00- 1N9- ANGS 22.499.00 03121/03 JOURNAL MARK TO MARKET SHORT P05 22.499.00 TOTAL $.45.249.00 545.249.00 027 322901: I it COI rn EFTA01321519 CUAR1.0 THROPGP rys 11•101.1.9 On%91) 9911804/1. OFFICE SERVICING YOUR ACCOUVT 8.9. San knees Cap. Bear. Stearns a Co. Inc. BEAR 383 Madison Avenue en. Menutra On Path 4todyn Ni. Vol 11201.3859 STEARNS New York. Now Yak 10179 (21 2) 272-2000 C212I 212.1CCO FINANCIAL TRUST COMPANY INC 6 0.! 57511weta inmco mann 1.2003 LIMN 28.2003 AOCeata low 03S-660Se 672 I'MPAYPJI ton On rue Your messages 5/47 STATEPEta Fetruary 28. 2003 Bear, Steams Securities Corp. Net Capital and Net Capital In? Pursuant to SEC Rule 11AC1.6. please note the fon:riving: Requirements: Bear Stearns 8 Co. Inc. will post its quarterly routing statistics at the At November 30. 2002 and January 31, 2003. the Company's net f011aning web link: http:/Awnybearsteams.cornr. 0 capital of approximately 52.4 billion and 52.4 billion was approximately 7% and 7% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately Customers of Bear. Steams & Co. inc. may request information on any order executed within the prior six months from the time of the request. 5716.3 minion and 5684.1 minion by approximately 51,7 billion and Specifically, you may request the identity of the venue to which the -n 51.7 billion. all respectively. identified orders were routed for execution, whether the order was directed by you to that venue. and the time of the executions. if arty, that A complete copy of the Bear. Steams Secuities Corp. Statement resulted from such orders. C of Financial Condition is available on the web site in grow 719111.1PAMP emm Alternatively. to request a free printed copy please call - toll free - 1-866-299-9331. End of Statement r S99TS£00- 019- ANGS 027 Cant03.1610 001 Veit EFTA01321520 CUPRIC Tiliatucie era vaisOu MOM:. SUILTOWn OFFICE SERVICING YOUR ACCOUNT Seel. Stearns 6 Co. Inc. Sew. slam Loam Corp BEAR 383 Ma&son Avenue New Yo& New York 10179 On MOUS, Cain 11,12 tucirais Noe '01 11101.345E STEARNS (212) 272-2000 IUD 2761000 FINANCIAL TRUST COMPANY INC ACCOUNT EXECUTIVE aCHERMAKIRA ettoTaMier PERCO Tatum 1.2903 TELEPHONE (212)272-4189 220022.1311 Feeney 28.2003 VISIT OUR MOSHE watemsteamscom ACCOLNT MASER 098-64093 X72 What's In This Statement II TWAVVR OMMER On File FINANCIAL TRUST COMPANY INC lArf STAMM221 Jingly 31.2003 Financial Summary 3 Your Portfolio Holdings 4 CJO AMERICAN YACHT HARBOR • 6100 RED HOOK SUITE 8-3 Transaction Deal 5 QUARTERS #2 0 ST THOMAS VI 00802 O m C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL VALUE OE SECURITIES THIS PER03 24.869.311 Casa & Equapie t 3-5.102.198 5.5 094 865 NET DEBIT MAKE -5,102.196 525.082.311 Equities illillnial 1-213400 527.685,070 Si243.000 NET EQUITY MR PERIOD 519,767.115 Cuyerr TraeM1 Vale NET EQUITY LAST STATEMENT 22.327.205 r NI Last Deternenfs mate: TAD OUNCE SINCE LAST STATEMENT -2.560.090 r=1 ROC market vatic There are no 'Stop Loss' attars or other pending buy or sell open orders on file for your account. 999TSEOCIN9- ANGS pease repyi r, frinas 0ecava•la or ewe 22 21020. 'Vara a dania la cues :sus a csaiurant ce au b Csas Sanaa M Mu Errs Boone N lot envy Is In iler—excat payout my. it a tu etyma s tu occusere imerame Yble eMetith45 fortcur rust Ste mum me tor optuWe Scantly. Coe. c.. vensm maw sot Smear NY 20 4•22, 027 010103 13 32 001 *441 I8 tu) tul 00 00 EFTA01321521 a5M50 TIOC41311 ITS veiOLLY Owe SMICARY lac Sams Scotties Ccep. Ole lieneen Wag Wee liocer. law Tot 1120144$0 an) 272.1003 FINANCIAL TRUST COMPANY INC 2 z m STATEMENT BACKER IS PRINTED ON THIS PAGE ci m z H r L99TSEOCIND- ANGS 021 03014110:02 001 ven rn 8 IJ LA EFTA01321522 0,EARED THROSICal ITS watt CtAte20 Ste-D-RY OFFICE SENvCiNG YOUR ACCOUNT Bear. Steams & Co. Inc. Lev. ROW Series COIL BEAR 383 Madison Avenue New Vent, New York 10179 One Mentoch CAW let, ortoaert lice York 11201.3550 STEARNS (212) 272-2000 2721000 FINANCIAL TRUST COMPANY INC 3 el STATUE/CI' PERIOD Foray/ 1,20'03 ToROJOrl Fatter; 28, 2003 Cash Flow Analysis ACCOuNT WNW 036-68056 X72 income Summary TµPAYZR WNW On Fie nes Poaoo 206 Peb30 TEAR a DATE LAST STATORNT January 31.2003 Opening Balance 64.094.864 84 Dividcrds 1.250.00 3.274.51 Crecet Balance lit 308.65 674.89 DMdenis/Interest 1,556.65 Total C) Amount Credited 51.556.65 /Aargln Inc. Paid 11.556.64 4.887.90 53,949.40 4.887.90 0 DividendsAnterest Charged -8887.90 Amount Debited 3-8.887.90 Portfolio Composition m Net CateI Activity -7.331.25 aIFORr LONG C Closing Balance 5-5 102,196.09 CasIVCash Equkalent 5.102.196 in Sam* Otry VOW" el awe Won swat Won ROI MOW, bee "a Not WOW co sol re — Saw messess en Wort Yv I, Toreitalon OreS. &MVPs Total 213.000 25.082.311 55.315.106 525.082,311 Your Portfolio Cash Balance Summary Allocation CPISTAG CLOSIIC r Cann Margin 0.90 1.557.55 Shan Gash a Eawara-, 4.337.366.00 -5.320.253.90 16% Short 248500.28 216,500.26 Soon (notes <1% Net Cash Balance 5-5.094.864.84 64.102.196.09 899T SEOCIA19-ANGS Daites 83% Iffilftlat4 %den ova* WI Owe Mb 001 muttal vdaa in• saraloll woenth38 is *rod 'err 0* ItinVe metal Mora v00 [KOS 027 0101:13,13 32 001 V641 I8 b.) I•2 W a O EFTA01321523 GLEAM THROUGH ITS ‘m.i0tor O~O &9B44~ OFFICE SERVICING YOUR ACCOUNT Belt. 51^ Ca Bear. Steams 6 Co. Inc. Or.Mae& BEAR 383 Madison Avenue New leek New lock 10179 ~Pr. sew et Oren PM41, 4 NM STEARNS (212) 272-2C00 12123 2751000 FINANC4AL TRUST COMPANY INC 4 ns STATELIDIT PER,» Peten.4ry 1.2OO3 /1000041 FO04.4ty 76.2003 Your Portfolio Holdings Acccowr WIISER 038-86068 X77 TWAYER swats On ne CASH & CASH EQUIVALENTS LAST STATIWNT lenery 31. 2003 cKET liMMED OARREhl CE504Prtn 504340CUS. PR= vv UWM NCOvE YEL0 i' CASH BALANCE -5.102.196 TOTAL CASH & CASH EQUIVALENTS 5.5.102,196 EQUITIES -n Equities & Options ACCT MARKET ISIPIATID CAORROrt IHSCRIPI1OK SnS.C.SP M I O1.1Mat PRICE TALL( AMItUm. INCOut 111.0 pa FLEXIRONICS INTERNATIONAL FLEX MRGN 100,000 8.6800 868.000 in LTD GALYANS TRADING INC GLYN MRGN 150.000 10.5300 1.579.500 HOLLINGER INTERNATIONAL INC HLR SHRT -25,000 85200 .213,000 -5.000 2.3474 CL A MONA CORP NR8 MRGN 1.000.000 13.8500 13.850,000 320.000 2.3105 TYCO INTERNATIONAL LTD 1.4C MRGN 100.000 14.8%0 1.480003 5.000 0.3378 r VECTOR GROUP LTD SE3MGEN MOLDING CP RSTO VGR 9380646 MRGN CASH 393.008 333.334 13.7100 5.7500 5.388.140 1.916.671 628813 11.6703 Total Equities& Options 524.869.311 5948.813 TOTAL EQUITIES 524.869.311 5948.813 699T5E00- IA19- ÅNGS YOUR TOTAL ESTIMATED ANNUAL INCOME 5948.813 YOUR PRICEDPORTFOUOKOLDINGS 519.767.115 027 03,01,03:1412 O41 1541 rn I 8 b.) IJ EFTA01321524 OWED THROUGH ITS vmOEEv 0.441) SUBSCIARr OFFICE SERVEING YOUR ACCOUNT Rear. Stearns & Co. Inc. Soo. Runts Sexuskes Cow BEAR 383 Madison Avenue New York. New York 10179 • Metracch Cosy Main boon" Ms 'fort 112014859 STEARNS (272) 272-2000 010 272.1CCO FINANCIAL TRUST COMPANY INC S as swinish" POOO Febtory 1. 2003 ristOu04 Fetrusty 28.2023 Transaction Detail ACCOtfre mutates 03846066 r12 TµPAvER myna On Fes OMDENDS LAST STATVAINT Amory 31.2003 OAR DESatamon SRAKUCUSS. OLIANMY RATE M 0181MOW 01011 ASOINF 02/03/03 TYCO INTERNATIONAL LM TYC 100.000 0.0125 1.250= RFC 01/02/03 PAY 02103/03 TOTAL 51.250.00 INTEREST -n OAR 02/21/03 OISCRITON INTEREST ONCREDIT BALANCE snacticusw mum nit Op 0M AMMO 00:011 AMOUR 0.7910 306.65 AT 0 3/4% 01/21 niau 02/20 in 0221/03 TOTAL FROM 0121 THRU 02/20 ®21/2% 8/1 5317.866 AYBAL 4128.572 2.5000 8,887.90 5.8,887.90 5306.65 MISCELLANEOUS DATE r MODAY 02/10/03 lithIGACIION JOURNAL DESOOPT04 MARK TO MARKET ORM Maid CREW HAMS 3,750.00 02/10/03 JOURNAL MARK T6 MARKET SHORT PCS 3.750.03 02/18/03 JOURNAL MARK TO MARKET 15,750.00 02/18/03 JOURNAL MARK TO MARKET SHORT POS 15.750.00 02/24/03 JOURNAL MARK TO MARKET 6,500.00 0L9TS£00- O19- ANGS 02/24/03 JOURNAL MARK TO MARKET SHORT POS 6.500.00 TOTAL 3-26.000.00 426.000.00 0101011131 051 4641 rn 8 b.) b.) IJ EFTA01321525 GLOM TigtOulln ITS viriCtLY OWNED SuniataY OFFICE MAIMING YOUR ACCOUNT bee Steam keen Coq. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New Yank 10179 Ow Meirstech en In 0I00 % mita *et 11201.380 STEARNS (212) 272-2000 012127Z-10Z* FINANCIAL TRUST COMPANY INC ACCOUNT EXECIJTNE DCNERMANIRA STA7104ENT PERIOD Jvuaey 1.2003 TELEPNONE (212)272.4189 THROUGH Artary II. 2003 VISIT MR WESSITE weiw.Dearsteams.ccen A020.011 POWER 03e-66066 n2 What's In This Statement I TwAVCR ran On Fie LAST STATemerer Deairter 31.2002 Financial Summary 3 FINANCIAL TRUST COMPANY INC C/O AMERICAN YACHT HARBOR • Your Pcctfaio Holdings 4 6100 RED HOOK SUITE B-3 Transaction Detail 5 TOiNaGUNO0 QUARTERS *2 Fund Activity ST THOMAS V1 00802 Your Messages B Your Portfolio at a Glance Market Value of Your Portfolio case 5-5.091.865 TOTAL VAWE OF sccurerrifs DOS PERIOD 27.422.070 Enteralert —W13.208.413 NET OEM RAMC( -5.094.865 127.665.070 5.243.000 Equals 310.010.423 3-254,0 0 NIT UNITY THIS PeRMO $22.327.205 MO artery market value WET FounY LAST STUMM 12.964.836 MI last SLEOrfatfeS market value Seat market value caimm sofa LAST sunken 9.362.369 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. TLTESEOCMANCIS N m* repal ry (Wrierw ce TM strife,/ is In eennstoran payeser ply. 11 le not lend ase in SWAM weipt al Vecica a Hacks, ideal*: as assaafla SI sass Ciel Soya% n •00, ..34t43). a el*u CSrl :areas V. Ow Wet,:beC), Gan POT. ertoer. •V ,Qt,'33SO ?Art 5.00,14% gm Trn sinat paid he reamed fct yea Noes See raver S. Sr rnarl Sneer. 0>1 onoAnis 36 ooi 15.0 1:9EtZZOO- V.L.43 EFTA01321526 CLaNtID 11.00000 ITS *beta' 01•40 0U8S0020F M. Winn SeWerlei CUT 0.• women. caner van troshn Mn an 20 3859 I212I 233.3000 FINANCIAL TRUST COMPANY INC 2 &s z -n STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r ZL9TS£00- 019- ANGS 007 OZOMIS:36 COI V6I0 8 b.) b.) W a EFTA01321527 CLEARED ThROULD4 RS 'TALL. CrASAD SISSIDIARY OFFICE SERVICING YOUR ACCOUNT arc Shuns Slaseirs Cap. Bear. Steams & Co. Inc. BEAR 383 Madison Avenue Now York. New Tot 10179 IMAniach two Neill Ilicotbs. Nor York 11101.3854 STEARNS (212) 272-2000 0102124033 FINANCIAL TRUST COMPANY INC 3 a srAcorerr PERICO knary 1.2003 lbroDUCtsi Lase! 31.2003 ACCOLOCT stbs3ER 03846056 572 Cash Flow Analysis Cash Balance Summary TAXPAYER reARMA On tat DC fl =SIM LAST STAMMERS Docerrta 31.2002 Opening Balance $877,180.97 Cash 448.954.71 0.90 Money Fund 2.339.825.50 Mar 166.977.00 4.337.368.00 Funds Deposited 8.000.000.00 Stott 261.249.25 242,500.26 DMdends/Irgerest 368.24 0 Net Cash Balance 5877.180.97 5-5.094.864.84 Amount Credited 510.340.193.74 -n Sectsfities Bought Money Fund 46.307305.00 -3.284.55 Income Summary me PERCO MOO DUE Diudendsinterest Charged .1.250.00 C Dividends 2.024.51 2024.51 in Amount Debited Net CC Activity 5.16.312.239.55 -5.972.045.81 Crabs Balance Int. Total 368.20 52,392.75 368.24 $2.392.75 010Sinfl Balance 5-5.094.864.84 Your Portfolio UM by nallsso Sao MIAS mewl boos Ay Pet esibeisa web Allocation n es eat S _.a Onals sos iW SKR" vs ova. Noose is Tansalta Osesi. Portfolio Composition r sic LOS* Stan Cash & Equiralent Cash/Cash Eqtavalent 5.094.865 15% Short Ecatts Equities 243.000 27.865.070 <1% Total 55.337,86.5 527.665,070 EL9TSEOCIN9- ANGS Equtoes 84% u-nosod Dselet9 einem con tan. nob ..-01 rersac sbao aloarbs pesetas. b derlAa *cm Ile *W is Tante vino of fax Nett,. 027 OV01/01:1030 001 'SAC EFTA01321528 CLEARED TAREASIA ITS AAC-U. 0wsED SuSSOLLAY OFFICE SERVICING YOUR ACCOUNT Beat Steams & Co. Inc. Bat Sit*' Sat-DM Cap. BEAR 383 Madison Avenue New York. New York 10179 Est liescacit CARA NIRT1 Born/. New Via 71201-Stil STEARNS (212) 272.2030 21212724000 FINANCIAL TRUST COMPANY INC 4 et STATEYENT P€ 00 lanUary 1.2003 EHROLKLH Unary 31, 2003 Your Portfolio Holdings nn-trr MADER 038-66056 212 CASH & CASH EQUIVALENTS TAXPAYER MAREEA On file *Ass sTATtlena Decembe 31.2002 MARES [SWARD CURSOR DESOSETION SYROCUCUSro OURCITI MCI YAWL ASHUR meow Yto no CASH BALANCE .5.094.865 TOTAL CASH & CASH EQUIVALENTS 5.5.094.865 O z EQUMES -n Equities S. Options A0C1 DARED ES-MAIM CI 037 DISERPRON SYMEOUCUS• Ml OULADM PAIGE VALUE Mail OR0M1 MD MD C FLEKTRON1CS INTERNATIONAL FM( in MRGN 100.000 8.0800 806.000 LTD z J GALYANS TRADING INC HOWNGER INTERNATIONAL INC CL A GLYN RR MRGN SHIT 150.000 -25.000 10.1400 9.7200 1.521.000 -243.000 .5.000 2.0676 MINA CORP KRB MRGN 1.000.000 16.8303 16.830.000 320.000 1.9014 TYCO INTERNATIONAL LTD TYC MRGN 100.000 18.0100 1.601.000 5.000 0.3123 r VECTOR GROUP LTD SENTIGEN HOLDING CP RSTD VGR 9380648 IARGN CASH 393.038 333.334 12.9100 5.5033 5.073,733 1,933.337 828,813 12.3935 Total Equities& Options 527.422,070 5948.813 TOTAL EQUITIES 527.422.070 5948,813 VL9TSEOCIN9- ANGS YOUR TOTAL ESTIMATED ANNUAL INCOME 5948.813 YOUR PRICEOPORTFOLIOHOLOINGS 522.327.205 027 0201/03,1331 031 Tn I8 IJ IJ .F- EFTA01321529 WARM TWEOUCA ns *MOLLY CIA1CD WIISOVAY OFFICE SERVCOM YOUR ACCOUNT Bear. Steams .5 Co. Inc. Is. Suers Staines C . BEAR 383 Madison Menue New Yak, New York 10179 Ors Lwow, tete Mn &WO" Nay at 20 3519 STEARNS (212) 272-2000 1212)212.1000 FINANCIAL TRUST COMPANY INC S at STATEIrtia POMO )usury 1. 2033 putout. hasty 31.2003 Transaction Detail ACCaNT *AMR 038-66086 172 TWAY.. wimple On File INVESTMENT ACTIVITY LAST STATEW30 Detente{ 31.2003 SSYWADIT met OAR OAR TRINSECOON DESCRIP-09 SYMIKLOADP OLWITT PRICE DEMI MOOR <Mt AM0VIT 01/27103 JOURNAL FLEXTRONICS INTERNATIONAL Fla -100.000 LID JOURNAL FROM TYPE 1 TO 2 01/27/03 kuketw. tams TRADING INC 0 GLYN -150.000 JOURNAL FROM TYPE 1 TO 2 01/27/03 JOURNAL TYCO INTERNATIONAL LID ITC -100.000 JOURNAL FROM TYPE 1 TO 2 -n 01/27/03 01/27/03 JOURNAL JOURNAL VECTOR GROUP LTD JOURNAL FROM TYPE 1 TO 2 ELECTRONICS INTERNATIONN. VaR FLOC 493.008 100.000 C LID JOURNAL FROM TYPE 1 70 2 in 0127/03 JOURNAL GALYANS TRADING INC AXONAL FROM TYPE 1 10 2 GLYN 150.000 z minka Albin Web INTiRNATIbNAL LTD JOURNAL FROM TYPE 1 TO 2 7VC 100.000 01/27/03 JOURNAL VECTOR GROUP LTD UGH 393.008 JOURNAL FROM TYPE 1 TO 2 444 01/2B/03 01/23/03 BOUGHT NINA CORP RFS 1.000.000 18.21770 10.307.705.00 uNSOUWED r TOTAL AS OF 01/2363 5.16.307.705.00 DEPOSITS AND WITHDRAWALS SL9TSEOCIN9- ANGS OAR MEASACOON OESOMMIM CFI/ AMOWIT MDR sawn 01/27/33 FUNDS REC Vannapli tal NK FROV 8.000.000.00 00030273339101 TOTAL 3800000000 02? 02,0303:1116 001 1E40 I8 b.) IJ .8- 03 -3 EFTA01321530 ClinS0 7793CXX3M ne marc 0..040 SUISOWir OFFICE SEPTIMO YOUR ACCOUNT ke Sirs Searites ete. BEAR Rem. Stevin .5 Co. Inc. Ceme Vernie, Cirier Penh 363 Medson Avenue Beetpà. vet 112(1.3339 STEARNS New Yak. New Yak 10179 (212) 272-2000 elz 272.1030 FINANCLAL TRUST COMPANY INC 6 art StAtittine Flet00 lenery 1. 2003 /Manu lenery 31.2003 Transaction Detail (conUnued) ACCOux7 memen 038-66056 X72 TAXPAYEA hume* on ne MONEY FUND ACTNITY LAST STATOMYr DeCenter 31.2002 out maux muemcnoN 01.301P0011 3311000CURP OCen moun MM »OUM 01701/03 OPENINGBALANCE L331.231.89 REINVEST 01702/03 PSTrtUi104413MANAGEMENT-Cl A ØN0 RONOESNO OICIOI 3.284.55 3.284.55 01102/03 OMDEND gmhuA rSisIMGEMEHT-Cl. A 01240I 3.284.55 NAT INCLUVED IN 2002 1099 SOLD 01127/03 Wesca.MAGEmENT-c" DICIOf -2.334.516.44 1.0000 2.334.516.44 01/27/03 DMDEND EteilittegtemEmcLA DNS NOIX 2.024.51 01131/03 CLOSINGBALANCE 0.00 TOTAL S-3.284.55 52.339.825.50 DIVIDENDS DUE IXSOUPIlet en/60./CUST) OUserrn Ln n) DEErf....0et CRL3IT MOOL747 01/02/03 HOLLINGER INTERNATIONAL INC HLR 1.250.00 CI. A MY CHG 25000 SMS SHORT REc 01e1/03 PAT oinsca TOTAL 5.1 250 00 9L9TS£00- 019- ANGS 327 020103.15 36 001 X640 En I 8 IJ N.) 00 EFTA01321531 CLEARED TØ 373 swOu.A. MAIO 84.381DITA9 OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. Bey. Stenre 580.89n Cap. BEAR 383 hladISCH Avert* Ow Metros& Wow Werth boatlsn. NA Tot 11201.3859 STEARNS New Ycek. New York 10179 (212) 272.2000 12121n2.10ø FINANCIAL TRUST COMPANY INC 7 we STATWINT eta= »nary 1.2003 98.090A Anary 3 2003 Transaction Detail (continued) Accouo WARIER 03846056 /172 T~Net* ~OR L41Nt INTEREST ni syerruerr December 31.2002 COO DESCRATION SYNOCVOGP OuvrtnY WSJ OW MOW CREDO AMOUN1 01121103 INTEREST ON CREDIT BALANCE 0.7 100.20 AT 0 3/4% 12/21 THRU 12/30 01/21/03 INTEREST ON CREDIT BALANCE 0.7500 268.04 0 AT 0 3/4% 12/31 THRU 01/20 TOTAL 5368.24 -n MISCELLANEOUS OATS 143MAY TIOSSALTION OLSCRPOON DON, AMOUNT GMAT /MOUNT in 01/06/03 01106103 01/1 3103 JOURNAL JOURNAL JOURNAL MARK TO MARKET MARK TO MARKET SHORT P05 MARK TO MARKET 5.250.00 5.250.00 1.249.00 01/13/03 JOURNAL MARK TO MARKET SWOT P05 1.249.00 01121/03 JOURNAL MARK TO MARKET 12.500.00 01/21/03 JOURNAL MARK TO MARKET SHORT POS 12.500.00 01/27/03 JOURNAL JOURNAL FROM TYPE 1 TO 2 449.322.00 r 01127103 01127/03 JOURNAL JOURNAL JOURNAL FROM TYPE 1 TO 2 MARK TO MARKET 2.336.541.00 9.000.00 01/27/03 JOURNAL JOURNAL FROM TYPE 170 2 449.322.00 01127)03 JOURNAL JOURNAL FROM TYPE 1 TO 2 2.336.541.00 01127/03 JOURNAL MARK TO MARKET SHORT POS 9.000 03 01/28/03 JOURNAL JOURNAL FROM TYPE I TO 2 8.000.000.00 _ 01/28/03 JOURNAL JOURNAL FROM TYPE 1 TO 2 9.003.000.00 TOTAL 5-10.813.862.00 510.813.862.00 LL9TS£00 1A19 ',NOS 027 02,0103 001 Ve.40 69EtZZOO- V1.43 EFTA01321532 =ARCO 110003,4 volave MAW 81.051DWa OFFICE SERVICING VUR ACCOUNT Oar Lairs kaa Cap. Bear. Steams 8, Co. Inc. BUR 383 Madaon Avenue New York. New York 10179 Ore NISI- Cater NO [wady, Na rat 11201.3859 STURNS (212) 272.2000 C217) 22.1CCO FINANCIAL TRUST COMPANY INC SInrcwon Pre00 larCery 1.2003 TIMOUGH January 31.2003 ACCOUNT WISER 038-66056 372 TAXPArtk Hata On Flo Your messages LAST 81A121.47rt Oecembor 11, 2002 The iriterest. if any. charged to year account Ira" during December 2002 was computed on the net debit balance through December 30. The interest, if any, charged to your account 0 during January 2003 is computed from December 31, 2002. z m ISTOPI End of Statement ci m z H r 8L9TS£00- O1D- ANGS 027 0201/01:15:38 COI V8.10 I IJ IJ -J O EFTA01321533