EFTA01322192

Statements SDNYGM,352729 CONFIDENTIAL EFTA,225421 EFTA01322192 CLEASSO "MEW* ITS 241*254 0.020 SUBSSCIARV OFFICE SERVICroG YOUR ACCOUNT Bear. Steams & Co. Inc. Seas. Samna Sonatas Carps Cat MMUS, Carts Nati BEAR 383 Madison Avenue *Tuft. Ike Yen 11201485E New York, New York 10179 E2121272.1CCO STEARNS (212) 272.2000 INSTITUDONAL INTERESTS AC 02 ACCOUNT ExECUTTVE GREENBERG.ALAN C. surnavrt n3)30 Moot er 29.2003 TELEPHONE (212)272.4605 THROUCM December 31.2003 VISIT OUR WERSHF irmv.beerstearristom ALLOW! WIMP. 04941880 281 What's In This Statement Iii TWAYIDI PAWS On Fie LAST STATISM'S,' troerreer 26.2003 Financial Summary 3 INSTITUTIONAL INTERESTS NC t2 Transaction Dead 3 C/O FINANCIAL TRUST COMPANY Fund Activity 5 ATTN LARRY KEMP Your Messages 8 6100 RED HOOK QUARTER SUITE 8-3 ST THOMAS VI 00802 z -n C Your Portfolio at a Glance Market Value of Your Portfolio Important Message rn cash& 4" w 4 1 SO II any information regarding 5110.115 2003interest, diridcmdE NET EQUITY THIS PERMS 0 miscellaneous :tome, z J gross proceeds or original NET EQUITY LAST STATEMENT 21,616.935 thas- idiaa• 521.506.720 KUM discount is required to be reported to the IRS (or CHANGE Sea LAST STA more -21,61D835 tau SIDICTISES Tat! hike this SCCOU0I. a Ccescidated Form 1099 we be mailed to you by February 2. 2004M a 10425 r There are no 'Stop Loss' ceders or other pending buy es Meech 15.2004. or sell open orders on file for your account. Mere mow( a., citerance ce row*** of ***a se taxa* r4calla as *saws* as soss SIpc TIn %rears a lb iferrnalsaul SWIM. any [Is -0 stan.: SS, Ista Oars** ta Clan Saws. r It0414, 420 as rot y Cart 84nAcas el k. Mans Swab* TN* Vets** stead Dr Waned Ise *sr receeas Sae nnent sic* kt heating divra001 CorA Ow Mass* Can.. Nem 824•445 N 11221-311/4/ 027 01,010.'254 001 vile OELZSEOCIA19- ANCIS rn I S IJ r.) IJ EFTA01322193 CLEMED "11110O3M IS Wh0LLY bAtitO SLICICURY Ow. Roans Sentries CC. ON /AMMO Caren ..1,11 Breathy,. Maw Vert 112014tS0 2121272.1000 INSTITUTIONAL INTERESTS NC 02 0 z m STATEMENT BACKER IS PRINTED ON THIS PAGE ci m z H r On 01/0104:1214 001 VIII TELZSEOCINDANGS EFTA01322194 o.oaw InItOt.n/i n voictre One° aniDNItY OFFICE SUNK** YOUR ACCOUNT Bear. Steams & Co. Inc liw. Storrs Semen Cap. Cat Parcae. Gym Non BEAR 383 Madtson Avenue en/irk elm Yen 11701480 New York. New York 10179 (212) 2724000 STEARNS (212) 272-2000 INSTITUTIONAL INTERESTS MC *2 3 ore sunken OVA*0 Nokenter 29.2003 Downer 31, 2003 ACCOUNT wain 049.51890 2111 Cash Flow Analysis Cash Balance Summary unin/I Knew On Fie DC MOOD OPMIC 0J)914 LAST STATTWNT November 28.2003 OpeningBalance 59.694.17 Cash 9,694.17 0.00 Securities Sold 21.372.449.58 Net CashBalance 5%694.17 50.00 Money Fund 21.486.999.99 CwItiondsAnterest 26.853.18 Amount Credited 542,888,302.75 Income Summary Money Fund -21.382.225.14 nes 011100 MA TO art Dm:lends 33,204.12 316,229.48 -n Dwdonds/Interest Charged -1.53 Credit Balance It 1.65 6.267.07 Arkscellaneous -21.515.770.25 C Total 533205.77 5322.496.53 Amount Debited 5-42.897.996.92 in Net Cash Activity -9.694.17 z Closing Balance 50.00 r Transaction Detail INVESTMENT ACTIVITY SMIDADII 7IMIX CIAIT OAR nuarsecncer OLSOWIICer sus:yeas* OlIoan Petf 01811 IMONT CREW 'MUM 12/01/03 11/25/03 SOLD AMERICAN INTERNATIONAL GROUP MG -25.003 57 45000 1,428,087.56 INC LINSOUCITED AS CC111'25w 027 01,C'64.125.4 DOI Vele ZELZSE00- 019- ANGS I IJ IJ IJ EFTA01322195 CLEAR133 111801.1311 88 Atiasy °wie fuescnure OFFICE SERVICING TOUR ACCOUM Bar. Slams & Co. 1%. Ur. snims knien Ø. Omiheuten tiner Weh BEAR 383 Madison #190/100 Inoten. Nee Ton 11201.3859 New Yak. New York 10179 12123 272,1003 STEARNS (212) 272-2000 MSTMJTIONAL INTERESTS AC 4.2 4 NA irrAnater nftno 147401ber 29. 2003 nemuom Daenter 31. 2003 Transaction Detail (conUnUe4) ACO2un NIMEN 0.49-51885 281 Toneft keAtle On n4 INVESTMENT ACTIVITY (Oontime0) 87000Ewi HreernIx0 29.2003 MUMMT /12.« 0AR MR TRMISACTION OESCRP1139 SVINICUICUS, 01911111, WISE 08181 mial98 CREM »Min 12/01/03 11/25/03 SOLD BANK OF AMER CORP EIAC -40.000 74.82540 2.976.864.73 AVG PRCE SHOWWDEMILS ON REO ACTUAL CONF1BA TO YOUR AGENT UNSOUCITED 12/01M3 11r2srce SOLD CMGROUP INC c -27.375 46.87010 1,274478.72 O AVG PRICE SNOWN-DETARS ON REO ACTUAL CONFIRM TO YOUR AGENT ED UNSNOTE SEE MICZR' ON Bete -n 12/0103 11/25/03 SOLD FREDME MAC-VOTINGCOMMON FRE -30.000 54.74270 1.632.899.05 (FORMERLY FEDERAL UWE LOAN mORTGAGE AvG PAICE =WEIETALS ON REO ACTUAL RED CONFIRM TO YOUR AGENT LALSOLIC 12/01/03 11/25103 SOLD FANME MAE FNM -5.000 69.55000 345.685.25 DEOERAL NATL AWO UNSOUCITED 12/01/03 11/25/03 SOLD INTERNATIONAL BUSINESS IBm -20.000 89.53200 1,781,111.76 LmoiNES CORP AUG neu SHOWNOETAIIS ON KO ACTUAL CONFIRM TO TOUR AGENT UNSOLXITEO r 12/01.03 11/25/03 SOLD JOHNSONA JONNSON JNI 40.000 50.88400 µ 3.034.341.12 AVG PRICE SHOWN-DEMILS ON REO ACTUAL CONFIRM TO TOUR AGENT UNSOUCITED 12/01/03 11/25/03 SOLD MBNA CORP KRB -100.000 24.19960 2.403.223.60 AVG PRCE SHOWN-DETAILS ON REO ACTUAL &MW TO YOUR AGENT UNSOUCIIED 12/01/03 1172933 SOLD PFIZER NC PFE -75400 33.40130 2.489.313.66 WIM RIGHTS TO PURCHPSE FREMD SM UNDER CERTAIN CRCUMSTANCE AVG PRCE SNOWNMETMLS ON REP ACTUAL CCNFIRM TO TOUR AGENT MISCUCM0 on Oteat:13:44 Ø nie EELZSE00-019-ANOS EFTA01322196 CLEARED TI-ROACK iTS ?MQU.V 0wsE0 Sonistver. OFFICE SERVICING YOUR ACCOLPIt Bear. Steams 6 Co. Inc. Belt. Slums Siena. Corp. CAN iharotem Crew Wm, BEAR 383 Madison Meat frooler. New T91112014/31 New York. New York 10179 4212) 212.1000 STEARNS (212) 272.2000 INSTITUTIONAL INTERESTS AIC 42 5 ce STA1121Arra KOKO NOvernber 29. 2003 THROIA3N Decerrter 31.2003 Transaction Detail (continued) ACCOUNT ALweeri 049-51080 281 TA):PAYER PARADER C F,11 INVESTMENT ACTIVITY (continued) 'MT STATENEAT Aboember 28.2003 WITIDADO MIX DAR PM MAKSAC11010 CESCAPIXON SYMOOLCUSIA OWN= MICE OM AAOXT CALM NO01.11 12/01/03 11f25/03 SOLD PROCTER & GAMBLE CO PG -25.000 96.92600 2,410,434.82 AVG PRICE SHOWN-OETALS ON RED ACTUAL CON SOLICITEDFIRM TO YO AGENT 0 UN SEE NOTE I' ON BACK 0 12/01/03 11/25/03 SOW TWE WARNER INC PM( -100.003 16.08000 1,595,009.31 NEW UNSOLICITED TOTAL 1 1 321.372.449.58 MONEY FUND ACTNITY C DATE 1.430AY in MOiSACACN COCJIP1131 SYROOLOSP ONO MOW CROW /MOUNT 11/29/03 OPENINGBALANCE 100.420.73 12/01/03 SOUGHT BEAR STEARNS PRIME MONEY 85600( 21.382.143.75 1.0000 21.382.143.75 AMMO PORTFOLIO CL Y 12/01(03 OMDEND BEAR STEARNS PRIME MONEY SSW( 81.39 r EMMET PORTFOLIO CL Y RECORD 11/28/03 PAY 11/28/03 12/01/03 REINVEST BEAR STEARNS PRIME MONEY EISI.03( 81.39 81.39 MARKET PORTFOLIO CL Y REINVEST PRICE $ 1.00 12/09/03 SOLD BEAR STEARNS PRIME MONEY 854.00 -21.482.645.87 1.00:0 21,482,645.87 MARKET PORTFOLIO CL Y 12/09/03 DMDENO BEAR STEARNS PRUE MONEY 89430C 4.272.73 MARKET PORTFOLD CL Y 027 01/0104:12:64 001 11111 VELZSEOCIND- ANGS EFTA01322197 CLEARED DTROLOI ITS PACuY PPPNED SURSOPAY CUtE SERVICING YOUR ACCOUNT Bat Smint SOMMPS Cap Bear. Steams & Co. Inc. Metotm/i Cane NoM BEAR 383 Madison Avenue ntrinn k vat 112014,0 New Yak. New York 10179 12121 272.1COD STEARNS (212) 272-2000 INSTITUTIONAL INTERESTS NC #2 6 as STATEMENT PERICO November 29.2003 TPROu3N Demmte 31.2003 Transaction Detail (continued) *COMM! MAW 049-51880 281 TAXPAYER MAW, On Fie MONEY FUND ACTIVITY (contnued) srArywne Nowt. 28.2003 but NOWT netidADION DESCRP".X. CRIMMTY PRCt pWI PACOM CREW MOM 12/31/03 CLOSiLSEAL.:4.. ./ 0.00 TOTAL S 71 382225.14 421.486999.99 DIVIDENDS -n MT( DESCIPTIOR SYMMEAXISSIP OLIMMTE ROI IS DEN Amour 12/0403 PFIZER INC PEE 75.000 0.1500 11.250.00 REC 11/14403 PAY 1210403 C GIG VS ND &CG. TRADES in 12/09/03 JOHNSON& JOHNSON JNJ 60.000 0.2400 14.400.00 REC 1118/03 PAY 12/09/03 12/10/03 INTERNATIONAI. BUSINESS IBM 20.000 0.1600 3.200.00 MACHNES CORP REC 11/10/03 PAY 12110)03 TOTAL 528.860,00 r INTEREST cactrnoN SVIAMIOMMI OMIT mourn CREW AMCOR 12/12/03 INTEREST ON CREDIT BALANCE 1.63 CR INT CALCULATED 11/21-12/1103 12/22/03 INTEREST ON CREDIT BALANCE 1.63 AD/ 12/22/03 CRPO VS 12112/03 OMIT 027 C491/04:12:54 SELZSE00- 019- ANGS 8 IJ IJ IJ EFTA01322198 GUMBO nnocam n ratty Cana SLISIOaca CETICE SERVICING YOUR ACCOUNT Bear. Stoarns & Co. Inc. Bar Saws Scant. Cap. One LWMath Crtu Naih BEAR 383 Madison Avenue &oder. Ma Vat 11201.1859 New New Yeek 10179 1212)2/2-1000 STEARNS (212) 272-2000 INSTITUTIONAL INTERESTS NC #2 7 dR DUMONT PeFoCO NOtember 29.2003 18eucpc Detente 31.2003 Transaction Detail (continued) Al:CCOIr MAWR 049-51880 281 WAVER mla*MR On NKr INTEREST (ccminuod) LasT sTATniaa Novena 28. 2003 wit teistance win %SP 0.tUrtnr FM al DM MOW MX MONT 12/22/03 INTEREST ON CREDIT MIMIC( 1.65 ACCT 04941610 AT 00.50000% 11/21 .12/20 TOTAL S-1.53 53.18 O MISCELLANEOUS B I EWE ICIMY TOMS.C11:01 msatentio Tese MICUNI MOT MOW 12/09/03 JOURNAL 70 038-66058 21.512.570.05 C PER LOA 12115/03 JOURNAL TO 038-66058 3.200.08 in TO COMA 12/30/03 JOURNAL ADJUST BALANCE 0.12 TOTAL 5-21.515.770.25 r 027 010104.1254 001 NES 9ELZSEOCIN9- ANGS I8 IJ V.2 IN) DO EFTA01322199 C21.0720 1700004 ITS MOLLY OwstO SultS0101Y OFFICE SERYCIVG YOUR ACCOUNT eat Stearns Stastas Cap. Bear. Stearns a Co. Inc. Or* V-etch Coup Penh BEAR 383 Madison Avenue ttedt0 Now re 20 385.9 New Ycek, New York 10179 1219 212.1000 STEARNS (212) 272.2000 INSYMMONAt INTERESTS WC M2 8:10 STATEvEsT Mc* Navernber 29.2003 T910004 December 31, 7033 1/001W 9....0ER 049.51880 281 TAXPAYER hti.effi cc, hie Your messages LAS! STAMM." 1474ernba 28.2003 As part of the National Association of Securities Dealers (NASD) Investor Excess SIPC Account Protection Update Education Program, you may obtain information on the NASD's Public Bear. Steams Scarifies Corp. MSC,. a member of the Securities Investor Disclosure Program by contacting the NASD at telephone number (800) Protection Corporation (-sm, provides account protection for the net equity 289-9999 or via the Internet address which Is www.nasdr.com. In addition, a of a customers funds and securities positions. SIPC provides 4500,000 of brochure explaining the Public Disclosure Program is available from the NASD primary net equity protection. Including $100,000 for Claims for cash (SIPC upon request. Coverage'). Visit www.sipc.org for more information about SIPC Coverage. BSSC provides the additional protection f Excess SIPC") 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 -n York insurance company, Account protection applies when a SIPC member fern fails financially and is unable to meet its obligations to its securities C customers. but does not apply to losses from the rise or fall in the market value of investments or to SIPC ineligible assets such as options. futures. in foreign exchange transactions, or any investment contracts that are not registered as securities. End 0f Statement r 027 01/01.04.1954 001 1118 LELZSEOCIN9- ANGS EFTA01322200 OSAJtED THROUGH ITS MOLLY °AWE° SUSSIDIARY OFFICE SERVIC446 YOUR ACCOUNT Bear. Stearns & Co. Ina Bel. Ream; &mat On, ▪ IANNOMI Cons kot BEAR 383 Madison Avenue ' Nunn New York 1120141159 New York. New York 10179 • 2724CO3 STEARNS (212) 272-2000 INS17TUTIONN_ INTERESTS AC #2 ACCOUNT EXECUTIVE GREENBERG.ALAN C. sTATEseso raw Ncwomber 1.2003 TELEPHONE (212)272-4605 TalACOOM NOwntef as 2023 VISIT OUR WEBMIE wAvi.beaMteams.ccol ACCOuto7 MAMA 049-51850 251 What's In This Statement TexPAYM µNM On Flle 11.87 SUYDAM October 31. 2003 Financial Summary 3 INSTITUTIONAL INTERESTS NC 02 Yoix Portfolio Holdings C/0 FINANCIAL TRUST COMPANY Transaction Detail ATTN LARRY KEMP • Fund Activity 6 6100 RED HOOK QUARTER Trades Not Yet Settled 7 SUITE 8-3 ST THOMAS VI 00802 0 Z T F I Your Portfolio at a Glance Market Value of Your Portfolio m Cash Anent 5110.115 TOTAL VALUE OF SECURMES THIS PERO0 21.506.720 - 5441.691 NET CREDIT BALANCE 9.694 521.506.720 EQRes 521.172.075 MONEY IMMO FUND (OUNCE 100.421 - Current meow value ART &MATT Tx8 PERM $21.616.835 IIII Last statemenk mane( value r NET ICON LAST STATEMENT 21.613.766 CHANGE SINCE LAST STATEMENT 3.070 There are no "Stop Lose orders or other pending buy or sel open orders on file tot your account. _ Pines snot ✓M dances or W+KSSi el canal 0, sexes. .6.24sa as eaanare• nal On" Nbl wirtetwr [wanes coy. E is me beaieed St a en extinct b owl s.M al •:0244.2420. en.** it Chef Semen e Bet Slaws Saga e`as linen Wald be Matted In year Matt See Mtn* Se for VWMSfl Mammal Corp. Me laataboce Cana, Nada Onactob. $22,..2.20 BELZS£00 N19 ANUS 027 II/2SCi(Oa 00' Yale OEPSZZOOV.L.43 EFTA01322201 CsEARED THROUGH ITS SteMY OMR* SaISOORY Stet.Sun Scotism Co. Oni MOM. Owls *en BROW Mt.'rot 112014161 RIP 212.1000 INSTITUTONAL INTERESTS NC *2 0 z m STATEMENT BACKER IS PRINTED ON THIS PAGE ci m z H r 027 11(2003:0904 COI 1311 6£LZS£00 IND ANDS I Erg:ZOO- W.43 EFTA01322202 Can= THROWN 08 Wets *MC 80184XARY OFFICE SERVICING YOuR ACCOUNT Bear. Stearns B. Co. Inc. Ow. henna Sacan Carp fro lAtbeisch Cerny Pant BB R 383 Madison Avenue boat" PIM Vert 11201.3.59 New Yak. Neon York 10179 rya 272.1009 STEARNS (212) 272-2CCO INSTITUTIONAL INTERESTS NC #2 349 ST411500.7 PC2000 1kotenber 1.2003 THROuCol fkmerneer 28.7003 ACCOtoir Nui01ER 049.51880 281 Cash Flow Analysis Cash Balance Summary 722PAYER N.401E. On 8/0 DNS POMO OPUITG 0.02:85 tArr sTATIldrur October 32 2003 Opening fia lance 5328.764.63 Cash 328.764.53 9.694.17 Money Fund 12.678.90 Net CashBalance 5328.764.63 59.694.17 DNIderds/Interest 21.069.17 Amount Credited 633.748.07 0 Secureies Bought -362.731.81 Income Summary z Money Fund TIC PCR500 YEAR TO DATE -86.72 -n Dindencls 21,042.97 283,025.34 Amount Debited S-352.818.53 Credit Balance kit. 112.92 6,265.42 C Net Cash Activity -319.070.46 Total $21,155.89 5289,290.76 in Closing Balance 59.694.17 z Your Portfolio Portfolio Composition Allocation CashCash Equivalent 110,115 Equities 21.506.720 r Total Cash a Equaalent — <1A 521.616.835 — E aie 99% Ifist000s pram wen deb tiainu atlo:t Yoe nertet rakes The Jake tsarina a MM Pon 'he .vain cute at* 0' yes zeta> 027 1 0943 09 04 001 OPLZSE00- 019- ANCIS EFTA01322203 CLEWED Di110u0n ITS O4~1, SLMSOMAY OFF“ SERVICTIG YOUR ACCOUNT Bear. Steams d Go. Inc. Ow. Stara 5455.+n Ore W0OM.F. O&M« Mirth BEAR 383 mason Avenue &O to ILv NI 11202.9859 New Vat. New York 10179 210 z72.1coo STEARNS (212)272.2000 INSTMMONAL INTERESTS WC 4.2 4 :4 2 STAMMNT ICC ~ter 1.2003 ~Noe Moray 28.2033 Your Portfolio Holdings ACCOLM, MLIMMR 049.51880 281 CASH & CASH EQUIVALENTS ?area ~co on File UST STATEMENT October 31.2033 MAIM ISIWTID CURRIE! OtSCRP11011 STIMOUCLEIP QUWITY MRi VALLE AIOILW VON N CASH BALANCE 9,894 BEAR STEARNS PRIME MONEY BS= 100.420.73 1.0000 100.421 904 0.9002 MARKET PORTFOLIO CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS 5110.115 5904 -n EQUITIES Equities & Options M IT IMTUATED ~CM in OtS011171CH S1MIO Toe IRWIN PRIX VALLE ~JAL PCP* 111:LO N AMERICAN INTERNATIONAL GROUP NG CASH 25.000 57.9500 1.448,750 6.500 0.4487 INC BANK Cr AMER CORP BAC CASH 40,0:0 75.4300 3.017.200 128.000 4.2423 OTIGROUP INC C CASH 27.375 47.0400 1.287.720 38.325 2.9762 FREOOIE MAC.VOTING COMMON FRE CASH 30,000 54.4200 1.632.600 31.200 1.9111 r (FORMERLY FECERAL TOME LOAN MORTGAGE CORM FANNIE WE FNM CASH 5.000 70.0000 350.000 9.000 2.5714 (FEDERAL MIL MTG ASSN) INTERNATIONAL BUSNESS IBM CASH 20.000 90.5400 1.810.800 12.800 0.7069 MACHNES CORP JOHNSON& JOHNSON 911 CASH 60.000 49.2900 2.957.400 57.600 1.9477 MENA CORP Fuze CASH 100.000 24.5200 2.452.000 40.000 1.6313 PFIZER INC PFE CASH 75.000 33.5500 2.516.250 45.000 1.7884 027 1100103.0004 001 TPLZSE00- IN9- ANGS rn 8 b.) 15) tn EFTA01322204 CtEARED ncitOuCci ,lCuy Own= StAlanctRY OFFICE SERVICING YOUR ACCOUNT Elem. Steams 6 Co. Inc. Btw. Swint Swan On Cne Meinesch C— We BEAR 383 Madison Amnia Omit" Nev, York 112014/59 New York, New York 10179 Ch2l 272-100) STEARNS (212) 272-20® INSTITUTIONAL INTERESTS NC 02 5ao STATEMENT PERKO Nonenta 1.2003 THROUOn sienemow 78.2003 Your Portfolio Holdings (continued) Accoma NUMBER 049-51880 281 T.00MYER MAMMA Cn Equities & Options (coridnued) LAST stcliarr °now 31.2003 lea wszT ENNA= earn DISCRYCON SYLEalcw nfl MINIM MCC Wag ANNA NOM VELD oY PROCTER & GAMBLE CO PG CASH 25.000 96.2403 2.406,000 46.500 1.8911 TIME Y/ARNER INC TWA CASH 100.000 16.2800 1.628400 NEW Total Equities& Options S21.508,720 5413.925 TOTAL EQUITIES 521,506.720 5413,925 -n YOUR TOTAL ESTIMATED ANNUAL INCOME $414,829 C YOUR PRICED PORTFOLIOHOLDINGS $21.616.835 in Transaction Detail INVESTMENT ACTIVITY r SCMCIAMI TIL/0( WI CATE TRANSACI)011 cast:Arrow SnmeatiaSo Damn Pet OWT A.I.OLNT 0=7 MOM 11(12)03 11/06/03 BOUGHT FANNIE MAE Fla 1.003 70.07000 70.482.30 NATI. MTG ASSN] Mo NARY ORDER PART OF 5000 SHR Nil wasamoms oo1 Yrs ZPLZSEOCIN9- ANGS I8 b.) IJ EFTA01322205 CLEARED TIROUGH 178 WHOLLY 0m420 SUMMmore OFFICE SERVICING YOuR ACCOUNT kV. SMITS SOIOSIS Cep Bear. Steams & Co. Inc. DiR 0.140toten Came NW. BEAR 383 Madison Avenue &wept Km RA 112014559 New York. New York 10179 0121 272.1000 STEARNS (212) 272-2000 INSTITUTIONAL INTERESTS A/C .2 6 on 'TAMAN" PCR820 November 1.2003 TOPS Weber 28.2003 Transaction Detail (continued) 4.00Ourir ktle 049.51880 281 TAXPAYER Wine, On Flo INVESTMENT ACTIVITY (contiluel4 WIT ITATISM01T October 31.2003 S111.0400 RAN Out DATE TR47.6.C241 ocscoomm STIANUCLISIP anNlln Pt ocm AM22.11 CREW AvOcra 11/12/03 11/06/03 BOUGHT FANNIE MAE IBM 4.000 70.15000 282.249.51 (FEDERAL NATI. MIS 8 5524) DISCRETIONARY ORDER C) PART OF 5000 SHR TOTAL 5-352.731.81 0 MONEY FUND ACTIVITY -n OAIT ICCIAY 10.4245CTIPY4 OtSael1C0/ 511..M0AP pan ASCOM CRE011 AVOW C 11/01.03 OPENINGBALANCE 112.926.19 in 11103(03 DIVIDEND BEAR STEARNS PRIME MONEY BS= 86.72 IMMO PORTFOLIO CI. Y RECORD 10131/03 PAY 10/3143 11103/03 REINVEST BEAR STEARNS PRIME MONEY BSTAXII 86.72 86.72 MARKET PORTFOLIO CL Y REINVEST PRICE S 1.00 11/21103 SOW BEAR STEARNS PRIME MONEY BSMU -12.592.18 1.0000 12.592.18 r MOAT PORTFC00 Q Y 11/28/03 CLOSINGBALANCE 100.420.73 TOTAL 546.72 S12.678.90 DMDENDS art OCSCRIPMMI MIICUCUSW 0881111R MR CH Marl MIOWT CRtta MOUr0 11/14/03 PROCTER & GAMBLE CO PG 25,000 0.4550 11.37540 REC 10/24/03 PAY 11/14/03 027 11/214110).04 001 V.114 EPLZSEOCIN9- ANGS rn 8 1,2 1,2 EFTA01322206 =at., ThiROLON RS mare Dave) SLASSICAARY OFFCE SERVICING YOUR ACCOUNT Beat. Stearns & Co. Inc. On; Steams Wads Cap. or Wray" Cate North BUR 383 Ma(won Avenue wenn rare rot 11201.3959 New York. New York 10179 12IS) 2,2.1000 STEARNS (212) 272-2000 INSTITUTIONAL INTERESTS NC 42 7 es STATISAINT IMMO° Naierrtel 1.2003 Thaotat Nownter 28.2[03 Transaction Detail (Continued) Acemerr Wien 04941880 281 TWAT.. MANCN On ni4 DIVIDENDS (contra.* LAST STATIDNINt odabrit 31.2003 DATE orscrwroy SRAIOJOJSIP owner MR OS DINT AmOUST CRUM AMOUNT 11/25/03 CMGROUP INC C 27275 0.3500 2581.25 REC 11/03/03 PAY 11)26103 TOTAL 520.956.25 INTEREST OAR CSSONPRON STIMOUOJSIP warm Ian 89 OEMAMOUNT dna AMOR 11/21/03 INTEREST ONCREOIT BALANCE 0.5000 112.92 AT 0 1/294 1021 940 11/20 TOTAL 3172.92 Trades Executed Pending Settlement 1111111/07 MACE TOiNaGUNO0 OAR GAR TRIRSACTrod DES019110N Snemaes auvanv MU Dart MOM OEM MCUM 12/01103 11/25/03 SOLD AMERICAN INTERNATIONAL GROUP NG -25.000.00 57A503 1.428087.55 INC UNSOLICITED PS CC 11/25/03 12/01/03 11/25703 50.0 BANK OF AMER CORP SAC -40.000.00 74.8254 2.976.864.73 AVG PRICE 54:MN-CETUS ON REO ACTUAL CONFIRM TO YOUR AGENT UNSOUCRED on iinmotrolto4 001 vela trI7LZSEOCIA19-ANCIS EFTA01322207 9EVSZZOO- V1.43 nahno THROWN in ecu.v °vino SUOUNIty OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. Ow Sterns Sectritex Cap. Ore Aleretern Cats NAM BUR 383 Mandan Avenue IFCCIOrk Ni. Tat 11201.1/S9 New nee. New VON 10179 Q12) 212.1[00 STBSRNS (212) 272-2000 INSTITUMNAL INTERESTS MC 02 STATINekl KR= Patenbee 1.2003 TAP0ueol Nommeet 28.2003 ACOCAINT MAWR 049.51080 281 Trades Executed Pending Settlement (continued) TAXPAYER WAWA 0A Ile LAST sTATIVENT 000ber 31.2003 Seneeen ?MO( OAR DAIS ireweAenet. OfSORPTION NIROALIA• QUANTUM OM AMMO CREW NAMPO 12/01/03 11/25/03 SOLD CMGROUP INC .27.375.00 46.8701 1.275.478.72 AVG PRICE SHOWN-08Tm_S ON RED ACTUAL CONFIRM TO YOUR AGENT 1NSOUCITED SEE NOTE -V ON BACK 0 12/01/03 11/25/03 SOLD FREDDE MAC-VOTING COMMON FRE .30.000.00 54.7427 1.632.899.05 (FCCM RLE FERP) DERAL HOME LOAN LOYOGAG CO ) AVG PRICE SHOWN-DETAILS ON REO ACTUAL CONFIRM TO YOUR AGENT m UNSOLICITED 12/01/03 11/25/03 SOLD FANNIE MAE PIRA -5.000.00 69.5500 345.685.25 ci (UFEDERAL NATI. MTG ASSN) NSOUCITED m 12/01/03 11/25/03 SOLD INTERNATIONAL BUSINESS IBM .20.000.00 89.5320 1.781.111.76 MACHINES CORP AVG PRICE SHCM/N-DEGAS ON REO ACTUAL CONFIRM TO YOUR AGENT UNSCOCREO H 12/01/03 11/25/03 SOW JOHNSON& JOHNSON JNI -60000.00 50.8840 3.034.341.12 AVG PRICE SIENeN-IIETA&S ON REO ACTUAL CONFIRM TO YOUR AGENT UNSOLCITED r 12/01/03 11/25/03 SOLO MBNA CORP KR8 -103.003.00 24.1996 2.403.223.60 AVG ME SHOMMXTAILS ON REO ACTUAL CONFIRM TO VOLAI AGENT UNSOLICITED 12/01703 11/25/03 SOLD PFIZER INC PFE -75.000.00 33.4013 2.489.313.68 WITH RIGHTS TO PURCHASE PREFRD STK uNDER CERTAIN CIRCLNSTANCE AVG PRICE WM-DETAILS ON REO ACTUAL CONFIRM TO YOUR AGENT uNSCtiCtrED On 11/21001Weni OM VIII SPLZSEOCIAIDANGS Fn 8 IJ T.) --3 EFTA01322208 CLEARED neRCual Cs 9e9OLLY OWNE0 VASCARY OFFCE SERVICING YOUR ACCOUNT Box. Yen Uarein Coe, Be.'. Steams & Co. Inc. and Murata Cam Rem BEAR 383 Madison Avenue gime" New Yat 11201.3850 New York. New To* 10179 12133 2t2.10:0 STEARNS (212) 272-2000 INSTITUTIONAL INTERESTS Alt 02 9 STAIS1AERT NERCO Noktoter 1. 2003 Tm.EsJ314 Naecnte 28.2003 ACCOurn 'Amine 049.51880 281 Trades Executed Pending Settlement (continued) IND, A9rit Kane On The tar svATevrwr °Mete 31. 2003 SITTISIEDIT MADE DetE 121E TWASACTIEN DCSCRIP11ON SallEUCUSE. earemnr PRICE EEan µCUM 01W! .130749, 12/01/03 1125/03 SOLD PROCTER & GAMBLE CO PG -25.000.00 98.9280 2.410.434 82 AVG ME SHOWN-DETALS ON REO ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED SEE NOTE -ST ON BACK 0 12/01/03 11/25/03 SOLD TIME WARNER INC 1V/X -100.000.00 16.0800 1.595.009.31 NEW z UNSCMCFIED TOTAL 50.00 521.372.449.58 -n rns *Se new b rat Kerr in any tem race & s9 spawner. C rn z -H STOP End of Staternen r _ 027 ,,•21,3105 Ca 00/ MIS 9PLZS£00 IND ANGS EFTA01322209 8£175ZZOOV1.43 CLIMB) TROLICUI rye VOICLLY DATED SLUMMY OFFICE SERVICING YOUR ACCOUNT Sear. Stews Socials's Cap. Bear. Stearns & Co. Inc. Ono 1.1.rtnenn Crow WTI BEAR 383 Madison Menue &wenn Mn Yen 11201.3359 New Yak. New Yak 10179 (212.1272-1CCO STEARNS (212) 272-2000 INSTTRTTIONAL INTERESTS KC in STATEMENT PEFOC:0 Octotee 1.2003 ACCOUNT EXECUTIVE GREENETERG.ALAN C. TELEPHONE (212)272.4605 neoucm Octotm 31.2003 vtSn OUR wEBSTIE wmv.beamlearns.com ACCOUNT TAMAR 049.518420 281 What's In This Statement TASTER µNW On Fie LAST armorer Staernbst 30. 2003 Financial Summary 3 INSTITUTIONAL INTERESTS NO f/2 Your Porddio Holdings 4 C/O FINANCIAL TRUST COMPANY Transaction Detail AM/ LARRY KEMP • Fund Activity 6100 RED HOOK QUARTER SUITE 8-3 ST THOMAS V1 00802 0 m C Your Portfolio at a Glance Market Value of Your Portfolio in CasPi Ectnallel: 3441.691 TOTAL VALUE OF SECURMES THIS PERIOD 21.172.075 3206.527 NET CREME BALANCE 328.765 terms% $21.172.075 520.728.088 HONEY MARKET FUND BALANCE 112.926 Current market mho NET WSW THIS PEMOD $21,613,766 MI Lest stMerrentt Matte Y011at r NET EOM? UST STATEMENT 20.934.613 CHANGE SINCE LAST STATEMENT 679.153 There we no 'Stop Lou orders or other pending buy or sell open orders on file for your account Par mpr. sny Moreno a. wootc4 ✓ nitclis cr snee. Marais, eel vend ta N. lkOn %urns" %. ineematoul w--oset Mt. P. nx sondes el • Till wan& art Ntnan Y 11.00-231-106. et ...clew:fete Seneca. mbar. Sierra Setae. vAtmen Neill Be reined to wit nat. See (wens TAR ter rpTrOT nonnalcr Cap. Om Itetrettch Caner Tom Dwelt'. NY. 1,201.$51 027 1101,0114 02 001 NV 8 LPLZSEOCIN9- ANGS rn 8 IJ IJ tJ EFTA01322210 CI.L4RED 71470.1014 mS wrocur bm0) SUSS/044.Ry In. Stan Seattes Cap. 17041.41177:, —Mum Arcottyn Net Y01 11201.380 121212720400 INSTI1UTMAIAL INTERESTS A/C r2 2 on 0 z -n STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r _ 027 II/01/0314 02 001 V812 SPLZSECIO IN9 ANGS EFTA01322211 OttSZZOO- V.L43 0.EARE0 TIROLIGI ITS NH= OVOIED SUI00300IY °FACE stRvKalG YOUR ACCOUNT Oat Slaw SeatlItas Cep. Bear. Steams a Co. Inc. Ora MOUS. Over Nfl BEAR 383 Madison Avenue 0.020yrk Pita Wit 113418959 New Yak. New• Yak 10179 12121270100D STEARNS (212) 272.2030 INSTITUTIONAL INTERESTS NC #2 3 ce ITATIMENT P€RIO0 00001! 1.2033 THROUGH 00000 31, 2003 ACCOUNT Mate 049.51890 211 Cash Flow Analysis Income Summary TAXPAYER NUIMER Cn Tie MC PERIOD 443939 IMAM Oaf L494 antwen Septenter 30.2003 Dividerds 10.084.27 261.982.37 Opening Balance 893,684.50 Credit BaMnce Int. 39.17 6,152.50 Securities Sold 974,146.37 Total 210.123.44 5268.134.87 Money Fund 84.27 Dividends/Rawest 10.039.17 0 Amount Credited 1984.269.81 Portfolio Composition Securities BougM -749.105.41 Cash/Cash Equvalent 441.691 -n Money Fund 44,27 EqUILI23 21.172.075 C Amount Debited $-749,189.68 Total $21,513,766 in Net Cash Activity 235.08013 Closing Balance 1326764.63 Your Portfolio Allocation Cash Balance Summary Cash & EquNelent—, r OPOING 036003 2% Cash 93,684.50 328.764.63 Net Cash Balance 193.684.50 2328.764.83 _ 0..nrad wan derma aut ben it OW! .ens —. Thy OCCOICCI PlICelne . fennd f0r. 0e name Tat., var.d — mitt 617LZSE00 IN 9 ANGS 022 11013101402 031 rate I trSZZOO- V.L43 EFTA01322212 =MED THROyarr IS MOLL ~ED SuILMARY OFFICE SERVICING YOUR ACCOUNT Rear. Steams & Co. Inc. Oar. Smarm Searlen CO14 Ore /44004ch emir WM BEAR 383 Madison Avenue imelletIem Yen 11201.3469 Nee Yak. New York 10179 ma 272.10:0 STEARNS (212) 272-2000 INSTITUTIONAL INTERESTS NC Is2 4 Or 7 name« rob» Weber 1, 2003 ^4n00+ø1 °ad» , 31. 2003 Your Portfolio Holdings •CeOurer roalpt 04941880 241 CASH & CASH EQUIVALENTS TAMMY°, WJA:Efi On tie sT4Mina September 30 2003 ~PIT LIMATED 041K1/1 1)113CRIP11M Klet WWI MKS( NOW( MAIN CASH NUANCE 328.765 BEAR STEARNS PRIME MONEY BØ 112.926.19 1.0000 112,926 1.028 0.9103 LIARKEIPORTFOUD CL Y ONIDEND REAMS= 0 TOTAL CASH & CASH EQUIVALENTS 5441,691 51.028 EQUITIES Equities & Options KC1 ~CET 15111IATED 0~11 in oiscarnos 51141101~1/1 OUMMY Wag AKM" «OM 180 N AMERICAN INTERNATIONAL GROUP MG CASH 25.003 60.8300 1.520,750 6.500 0.4274 NC BANK OF AMER CORP BAC CASH 40.000 75.7300 3.029,200 128.000 4.2255 CMGROUP INC C CASH 27.375 47.4000 1,297.575 38,325 2.9536 FREDDIE MACXOTING COMON ME CASH 30,000 56.1300 1.683,900 31.200 1.8528 r (FCATAERLY ORRAL HOWIE LOAN 140ITIGAGE CORP) INTERNATIONAL BUSINESS EtM CASH 20.000 89.4800 1.789.600 12.800 0.7152 MACHNES CORP JOHNSON& JOHNSON JNI CASH 60.000 50.3300 3.019.800 57.600 1.9074 MEINA CORP KRB CASH 100.000 24.7500 2.475.000 40.000 1.6162 PFIZER INC PFE CASH 75,000 31.6000 2.370.000 45.000 1.8987 PROCTER & GAMINS CO PG CASH 25.000 98.2900 2.457.250 45.500 1.8517 017 11gØ4Ø COI YNs OSLZSE00- IN9- ANGS IJ IJ tn IJ EFTA01322213 ri &Leg, MROU31.1 ITS WPICLLY OAKD SLISIDIARY OFFICE SERVICING YOUR ACCOUNI flaw. kiln Manses Cc, Beat. Stearns & Co. Inc. 1.4~ Cate .en BffiR 383 Mattson Avenue &Ø)" k9i York 112014859 New York. New Yak 10179 an) fly) cco STWRNS (212) 272-2000 INS1TTUTIONAL INTERESTS NC *2 5 et y S. ATACC erwoo October 1.2003 MR012311 Oaober 31.2003 Your Portfolio Holdings (continued) •CCOtwr 51..111811 049.51880 281 TO:SAYER 115.1.89.1 on Foe LAST 8.512112111 SePterrter 30.2Ø Equities & Options (continued) Ial IMstat aMuleo CURRIM DitSCIeln1011 STVIOWCIAIP net OUNMY MCC VILUE AlalWl WOW AM> MO TIME WARNER INC 1V CASH 100.000 15.2900 1.529.000 NEW Total Equities& Options 521.172.075 5404.925 TOTAL EQUITIES 521.172.075 5404.925 -n YOUR TOTAL ESTIMATED ANNUAL INCOME 5405.953 YOUR PRICEDPORTFOLIO/IC/ICINGS 521.613,766 rn z Transaction Detail INVESTMENT ACTIVITY r SCULPT MCC DM OM ~MUM COOWIC., SWealCUSIP QUANM NU OW «gat CAM MOUNT 10/16/03 NAME CMG AOL TIME WARNER INC 00184A105 -100.000 A011274 101007117 WC TIME WARNER INC 10/16/03 NAME CMG TIME WARNER INC TWA 100,000 NEW 1007117 FROM A011234 WC TIME WARMER WC 10/27/03 10/22/03 SOLD E I CO PONT DE NEMOIRS & CO DO .25,000 39.20820 974,146.37 AVG PRICE SHOWN-OETARS ON REO ACTUAL COMMIS% TO YOUR AGM CISCRETIONARY OMER t83143:1•02 COI NIS ISLZSE00- IA19- ÅNGS ril 8 b.) IJ tn EFTA01322214 CACARED ~OUCH ITS vmOttY OARED SUISSCOMY OFF10E SERVICING YOUR ACCOUNT Sim imam Searat4 Corp. Bear. Steers & Co. Inc. •191~ Gem NAM BEAR 363 Meacion Avenue &Or eher at 20 3859 New York. New Yee* 10179 Q12)21124508 STEARNS [212) 272-2000 INSTMITIONAL INTERESTS NC #2 STATVALNT MMOD October 1.2003 ~DUDA October 31.2003 Transaction Detail (continued) rocovert wars GO-51880 281 TAXPAYER rameet On Ede INVESTMENT ACTIVITY (:ontnued) err arrerween 5MMArnbr 30.2003 5(T1Ø mot art 411E ~sac« 013CRP111:114 SYMCD.E.Rm MAYMY xeCf CUNT NAOMI OEM «OM 10/30/03 10/27/03 BOUGHT BANK OF AMER CORP BAC 10.000 74.49740 749.105.41 AVG PRICE SNOMIDETAILS ON REO ACTUAL CONFIRM TO YOUR AGENT CISCREMONARY GILDER TOTAL 1449.105.41 1974.146.37 MONEY FUND ACTIVITY DATE NOMA? 00191AMEN CESCAPTION SYDOCl/Q1511 ~arc RICE Delfl AMOUI11 011108 ~Um 10/01/03 OPENINGBALANCE 112.841.92 m 10/01/03 OMOENO BEAR STEARNS PRIME MONEY BSPA.10( 84.27 !Weal PORTICUO CI. Y RECORD 09/30)3 PAY 043003 10/01/03 REINYES1 BEAR STEARNS PRIME MONEY Irma 84.27 84.27 MAIMET POMPOM CI Y REINVEST PRICES 1.00 r 10131/03 CLOSINGBALANCE 112.926.19 TOTAL 584.27 c27 1, 9/.03.1402 DO, M18 ZSLZSE00- IND- ANGS r 81 1 8 IJ IJ tn A p EFTA01322215 CLEARED 114t0014 ITS WAWA' OWED SLIISIORRY OFFICE SERVICING YOUR ACCOUNT Ser. San Sannise Bear. Steams & Co. Inc. One Wean n Wenn BEAR 383 Madison Avenue &COOL; Mtn YOT 11201.311) New York. Now York 10179 rya 31-1CCO STEARNS (212) 272.2003 INSTITUTKINAL INTERESTS NC #2 summon Ptmoo Maker 1.2003 110e0L4n Oacter 31.2003 Transaction Detail (continued) AILCCANT Rana 049-S1880 281 TAXPAYER POW On Re DIVIDENDS LAST STATRAOLT SaaWitier 30.2003 OAR OILSOSPIXSO EVIRICUCUSIP MAXON we 11 Me Wax, CREZEI MOW 10/01/03 MBNA CORP KRB 100.000 0.1000 10000110 REC 09/15/03 PAY 10.01,13 C) TOTAL $10.000.00 0 INTEREST z oat Warm OALLATT PATE Ille 0111.01110 CROP ALLOW -n 1021/03 INTEREST ON CREDO BALANCE 0.5000 39.17 AT 0 1/2% 09/21 THRU 10/20 C TOTAL $39.17 in z -H r End of Statement _ 11,01011402 CC' £SLZS£00 IND ANGS EFTA01322216 StPSZZOO- V.L43 CLEARED 1.0a. ITS WeCELY OWED SISSCIARY OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. tea. Rums Seeman On Ow MoUctoch Can* lOat BEAR 383 Madison Avenue Irc00" Mar von 11201.3559 New Yak. New York 10179 12121 212.1COD STEARNS (212) 272.2003 INS11TUTIONAL INTERESTS Alt 02 ACCOUNT EXECUTNE GREENBERG.ALAN C. STAT2LIST PERICO &}n1 30.2003 TELEPHONE (212)272.4605 ninouOm Seeternxr 30.7003 MIT MR ViEBSITE www.bearsteams.com AZCOLW NIAMER 049-51880 281 What's In This Statement I IIIIIIIIIIIIIIII TAXPAYER NUIMER C.0 nb INSTITUTIONAL INTERESTS NC /2 LAST SYstrxtvr Aupst 29 2003 Financial Summary 3 Your Portfolio Holdings 4 CAD FINANCAAL TRUST COMPANY ATM LARRY KEMP • Transaction Detail 5 6100 RED HOOK QUARTER Fund Activity SUITE 8-3 YOUr Messages 8 ST THOMAS VI 00802 0 m C Your Portfolio at a Glance Market Value of Your Portfolio Important Message in cash Roa n .1 6206.627 Bear Stearns is pleased to TOTAL VALUE OF SECURITIES THM PERIOD 20.728.086 $135.397 ono:sinew <emersion to a calendar monthtxl NET CREDIT BALANCE 93.685 $20.1213.086 statemeM. Effective this &MOM 120.771.706 rn7re. your account MONEY MARKET FUND BALANCE 112.842 statement reflects an 1200011 melt van angrily and account IC EMPTY THIS PERIOD $20.934,613 venation upto and Last statement's market vela including the last bLainess r day of the month. NET EQUITY LAST STATEMENT 20.913.103 CHARGE SINCE UST STATEMENT 21.509 There are no 'Stop Loss' orders or other pending bliy or sell open orders on file for your account. _ Robe .1021. any Onerc* or romecert 0 cheat of erns, 010oiod ewe. Ten irony is br ~noon 0n0043 at,. b rat Nem ass oh coarse b Cm Unto 0 10•24.14.i429, a b Coon taw.. it Cab. Sum Egoabot Inn gonna mwe be tthigetl far ycu nags EN /own SS fir 094(taft /09/120D3I. Corp. 0.. 1000oth Gene rear. rs,fl 4Y filst4559 VSLZS£00 IND ANGS 021 1001411.11.21 ODI EFTA01322217 9117SZZOO-V1.43 REARED THAOU04 MS 'MOLLY Ownt0 Suer=am Int Mums Scans Corp eiehicenech Cann kel, bro000. LYS♦y, 11201-3859 010 2124030 INSTITUTIONAL INTERESTS NC A2 2 O z m STATEMENT BACKER IS PRINTED ON THIS PAGE ci m z H r 023 10010:0:1121 931 991, SSLZS£00 IND ANDS EFTA01322218 Ltt5ZZOO- V1.43 CLEARED THROUGH rrS smear (PANED WS:MAW OFFICE SERVICING YOUR ACCOUNT Bear. Steams b Co. Inc. Rot Sued Secullet ow lAttrcuten Caws Noer BEAR 383 Madison Avenue !opts% tars Ten 112014459 New WA. Now York 10179 tint 272.1000 STEARNS (212) 272-2CO3 INS1TFUTIONAL INTERESTS NC *2 3 STAMEN" MOOD AOgUM 39.2003 THROD314 Stnttember 30.2003 ACCOUNT wheAR D49-518,30 281 Cash Flow Analysis Income Summary TAAPAre. hiAsieR On RN IC SCROD MS PERIOD WARM OAK LAST STAIllatul August 29.2003 Opening 8a lance 522.643.20 Divdends 71.112.79 251.698.10 Credit Balance Int. 16.30 6.113.33 Money Fund 87.79 DividendsAmerest Total 571.129.09 5259.011.43 71.041.30 C) Amount Credited 571.12%09 0 Abney Fund -97.79 z Portfolio Composition Amount Debited 5-87.79 CasteCmh Equiralent 206.527 m Net Cash Activity 71.041.30 EquIdes 20,728.C436 C ClceshiBa lance 593.684.50 Total 520.934,613 rn z Your Portfolio -H Cash Balance Summary Allocation MOMS CAME Cash 22.643.20 93.684.50 r Net CashBalance 522.643.20 593.684.50 _ lF+•sde prlaes era evet YYvn friMe yrkyl mole< ,.W.. The .Ins{ai po—a•upt a cb•—••0 'kW re staolui• rew'al ...,e o, pnr (CMS, 9SLZS£00 N19 ANUS 027 IOW Oa n 11 Cr01 5515 EFTA01322219 Str5ZZOO- V1-43 0.E..480 near..n rts vnieu.r OnNE0 Unktinnw OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. On. Swim Senn*. Cos. One Wunsch Ca. innn BEAR 383 Madison Avenue tkonn. We Von 11201.3869 New Yak, New York 10179 (2121272.1000 STERNS (212) 272-2000 INSTITUTIONAL INTERESTS MC *2 4 er STATDAINT IMMO AIlgal 30.2003 11C01441 September 30. 2003 Your Portfolio Holdings AMOUNT SW 049.51880 281 CASH & CASH EQUIVALENTS TwPAYER SSA On FM UST STATEMENT AllgUlt 29.2003 ISIS= UPS DESCRIP80.1 SWDOLCUW SWAY AMYX NOM CTULD00 CASH BALANCE 93.685 BEAR STEARNS PRIME MONEY BSMX1 112,841.92 1.0000 112.842 1.016 0.9004 MARKET PORTFOLIO CL Y DIVOEND REINVESTED 0 TOTAL CASH & CASH EQUIVALENTS 5206.527 $1.016 -n EQUITIES C Equities S Options MCI SWAT ($1181ATED CURRENT in OtSC09113.1 SSW/CUSP ME CIUMMN MPAIAL 'COME YVAD 1%) AOL TNE WARNER INC AOL CASH 100.000 15.1100 1,511.000 AMERICAN INTERNATIONAL GROUP AIG CASH 25.000 57.7000 1.442,500 6.500 0.4506 NC BANN OF AMER CORP BAC CASH 30,000 78.0400 2.341.200 96.000 4.1005 CMGROUP INC C CASH 27.375 45.5100 1.245.836 38.325 3.0762 r E I DU PONT DE NEMOURS & CO DD CASH 25,030 40.0100 1,000,250 35.000 3.4991 FREDDIE MAC-VOTING COMMON FRE CASH 30.000 52.3500 1.570.500 31.200 1.9866 (F Y AML HOLE LOAN MORTGAGE ) INTERNATIONAL BUSINESS IBM CASH 20,000 88.3300 1.766.600 12,800 0.7246 ALCOVES CORP JOHNSON& JOHNSON JNJ CASH 60.000 49.5200 2.971,200 57.600 1.9386 _ MBNA CORP ERB CASH 100.000 22.8000 2.280.000 40,000 1.7544 027 1001/03.1121 001 413 LSLZS£00 IN9 ANGS 6ftSZZOO- V1.43 EFTA01322220 &WED 000.101 rR near ant SillOCORY OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. aeu nam Sens On 00 Moven C— Not BEAR 383 Madison Avenue BroOtio. in Tot 112014069 New Yak. New York 10179 R12I 272.1000 STEARNS (212) 272-2000 INSTITUTIONAL INTERESTS NC #2 5 so STATEMENT POMO Ann 30.2003 in0o3H Septoner 30. 2003 Your Portfolio Holdings (Continued) ACCCOn moan 04901880 281 TAXPAYER AMBER O Ole LAST trAnallIn Anal 29. 2033 Equities & Options (continued) WaCET ESTOMTED CURIUM DESCRIP1100 07.400.0AIP M Warn Wan AMPS INCOME VIEW 00 PFIZER INC PFE CASH 75,030 30.3800 2.278.500 45.000 1.9750 PROCTER & GAMBLE CO PG CASH 25.000 92.8200 2.320.500 45.500 1.9608 Total Equities& Option5 520.728.086 5407.925 TOTAL EQUITIES 320.728086 3407.925 -n YOUR TOTAL ESTIMATED ANNUAL INCOME 5408.941 C YOUR PRICED HORTVOLIOHOLDDIGS $20,934,613 in z -H Transaction Detail MONEY FUND ACTIVITY r DUE I ow 11010.4110i asoArmov SYPAIOUCILOP 00151MOM DM MOM 08/30/03 OPENINGBALANCE 112.754.13 09/02/03 DIVIDENO BEAR STEARNS PRIME MONEY 851.03( 97.79 MARKET POR170U0 CL Y RECORD 013/29/03 PAY 013/29403 09/02/03 REINVEST BEAR STEARNS PRIME MONEY EISFACC 87.79 87.79 MARKET PORTFOLIO CL REINVEST PRICE 3 1.00 82T 1001/001111 001 1113 8SLZSEOCIN9- ANGS I8 IJ IJ In O EFTA01322221 ClUatt) nob:4nm rts 1..esouv OWNED IMMOARY OFFICE SERVICING YOUR ACCOUNT Bear. Stems & Co. Me. Ow Sitars SeCUIRES Carp. Coe Weetedi Orin WOO BEAR 383 Madison Avenue &WOE" Na, Tot 11201.1119 NOW YC1R. New York 10179 272.1000 STEARNS (212) 272.2000 INSTITUTIONAL INTERESTS AC 02 6 09 STATEVEST AERti) AusEW 39 2003 NAGA* September 30.2003 Transaction Detail (continued) ACCOUNT uu•SER 049-51990 291 TAXPAYER REAMER n.9 EDP MONEY FUND ACTIVITY (continued) EAST STATtEArC A9961 29.2003 DATE µidly TIEUES/CRON oiscpso03 STIPTOLICUSIP oumarry Pita DEW AMMER CREW AMOUNT 09/30103 CLOSINGBALANCE 112.841 92 TOTAL 5.87.79 58739 0 DIVIDENDS -n GATE DESCRIPTION SMOUCUSIP oummy PATE ($) OMR MOW CRICD IMOIMI 09/04/03 PFIZER NC PFE 75.000 0.1500 11,250.00 REC 08/15/03 PAY 09104103 C 09/09/03 JOHNSON& JOHNSON ALI 60.000 0.2400 14.400.00 REC 06/19/03 PAY 0910903 rn 09/10/03 INTERNATIONAL BUSINESS IBM 20.000 0.1600 3.200.00 TAPODRES CCRP REC 091903/03 PAY 09/10r03 09/12/03 E I DU PONT DE NEMOURS & CO DD 25,000 0.3500 8.750.00 REC 013/15/03 PAY 09112/03 09/19/03 AMERICAN INTERNATIONAL GROUP AIG 25.000 0.0650 1,625.00 INC r REC 09/05/03 PAY 09/1903 09126/03 BANK OF AMER CORP BAC 30.000 0.8000 24.000.00 REC 09.05/03 PAY 09/26103 09/30/03 FREDDIE MAC-VOTING COMMON FRE 30.003 0.2600 7,800.03 MERLY FEDERAL HOME LOPAI (FORT MOGAGE REC 09/1SMZ 09/3003 TOTAL $71 025 00 _ UPI 10031/03:1121 001 YIil 6SLZS£00 INS ANGS EFTA01322222 I SVSZZOO-V.L.43 Cain TrotOinm ns wkoirf ~OD aSSAY OFFICE SERVICING YOUR ACCOUNT 1w. San Stonkes CO' Bear. Steams & CO. Inc. Ow "Vann Caws NM' BEAR 383 Munson Avenue ikon". 77" York 11201.3859 New Yak. New York 10179 Irk 272.1000 STEARNS (212) 272-2C00 INSTRMONAL INTERESTS NC •2 7 w SurDer oeP700 August 30.2003 714".737, Starnber 30. 2003 Transaction Detail (continued) ASR Niemen 049.51893 281 memo:I NM.1.lER On Fik INTEREST LAST surrwrwr Fops* 29.2003 DAR OFSCRIFIEN 50.180../0731, COMM AMC Oa arT MWC CROW MAO", 09122)03 INTEREST ON CREDIT BALANCE 0.5000 16.30 AT 0 1/2% Osiv2i DiRu 09/20 TOTAL 516.30 0 z m C in z -H r 027 1001011121 001 V113 09LZSEOCIA19- ANGS EFTA01322223 CUARED THROUGH ITS MOLLY nab SASIYARY COME SERVCRG YOUR ACCOUNT be«✓ San Swan Orp Bear, Stearns & Co. Inc. arc lanach Calm Net" BEAR 383 Mason Avenue bag" Nom ♦M 112014169 New York, New York 10179 t2121272.1000 STURNS (212) 272-2000 INSMUT1ONAL INTERESTS NC #2 snmerer moo August 30.2003 THROW,. Seinfritret 30.2003 rccouwr sweet 049.51880 an TwAYEA I/JUDEA On Ha Your messages LAST STATEWNT August 29, 2003 Bear, Steams Securities Corp. Net Capital and Net Capital Requirements: and other assets in your account are the firm's collateral for any Ca' Securities margin loan made to you, If the secuities and other assets in your account At May 31. 2O03 and July 31. 2003, the Companys net capital of decline in value. so does the value of the collateral supporting your loan, and. approximately 52.4 billion and $3.0 billion was approximately 6% and 7% of as a result. the firm can take action. such as issue a margin call and/or sea aggegate debit items and exceeded the minimum regulatory net capital securities or other assets in any of yocr accounts held with the member, in regtirement of approximately $799.5 million and 5904.4 million by order to maintain the required equity in the account, It is important that you approximately S1.6 billion and 52,1 billion, all respectively. fully understand the risks invoNed in trading securities on margin. These risks include the following: A complete copy of the Bear. Stearns Securities Corp. Statement of Financial -n Condition is available on the web site www.bearstearns.uxn. Alternatively, to You can lose more funds than you deposit in the margin account. request a free printed copy please cal • toll free 1.866-299-9331. The firm can force the sale of securities or other assets in you C account(s), in • The frm can sell your securities or other assets without contacting you. ' You are not entitled to choose which securities a other assets in your account(s) are liquidated or sold to meet a margin cal. • The firm can increase its 'house• maintenance margin requirements at any time and is not required to provide you advance written notice. r • You are not entitled to an extension of time on a margin call 02, COI 1413 T9LZSEOCIN9- ANGS EFTA01322224 [MARCO THROWN 103 V.1400.3 OWNED 13.111.1110Vin• MCC SERVICING TOM ACCOUNT Mgr Sten Starnes lop. Sear. Steams & Co. Inc. Crog insatch Grier WI, BEAR 383 Madsen Avenue alder, Not 103 11201.3559 NOW York. New York 10179 2123 222,1000 STEARNS (212) 272-2000 INSTITUTIONAL INTERESTS NC 92 STATtittNI ent00 3.L.S.u12 30.2003 rpiliCO2.4 Septentor 30.2003 ACCOUNT 5.1)091121 040-51990 291 13102AYER 11114950 On ft LAST SUMO? AIMS( 29. 2003 This statement is provided to explain Bear. Stearns & Co. Inc.'s (MC) payment for order kw practices. CZ' Pursuant to SEC Rule 119c1-6. please note the following: (-) BSC routes a majority of orders for customer securities transactions to the Bear. Stearns & Co. Inc. will post its quarterly routing statistics at the following primary market for such securities. Orders may also be routed to other market web ink: http://wmv&earsteams.comf. Click on Individual Irrrestor, Click on 0 service vendors that assure executions pursuant to complex mathematical Equities, Click on Order Routing Practices. formulas at better than the national best bid or best offer (NBBO). BSC z receives no cash payment or other consideration for such order routing other Customers of Bear. Steams & Co. Inc. may request information on any order than favorable executions or executions of limit orders at no additional charge. executed within the prior six months from the time of the request. Specifically. m you may request the identity of the venue to which the identified orders were routed for execution. whether the ceder was directed by you to that venue. and ci the time of the executions, if any, that resulted from such orders. m z STOPI End or Statement H r 027 1001/03;ii:21 001 1013 Z9LZS£00 IND ANDS EFTA01322225 VSPSZZOO- V1.43 atuaiD THROUGH rrs woµv ITE4E0 $1.62/6.411T OFFICE SERVCMG YOUR ACCOUNT Ow Ream Sees co. . Bear. Steams & Co. Inc. Me wawa cow mai BEAR 383 Madsen Avenue armor ism art 201.3030 New Yoh, New York 10179 12121 272.1000 STEARNS (212) 272-2000 INSTITUTIONAL INTERESTS NC #2 ACCOUNT EXECUTNE GREEN8ERG.ALAN C. STAW n.100 July 26.8703 TELEPHONE (212)272-4605 Tent .441.4t 26. 2003 VISIT OUR WE8SRE wateanteams.com recourr rousse 049-51880 211 What's In This Statement Illtlllmrrlrmllll II TAIMAYIR WIMP OfIrde OUT menace, NH 25.2003 Financial Summary 3 INSTITUTIONAL INTERESTS A/C 42 C/0 FINANCIAL TRUST COMPANY Your Portfolio Holdings 4 ATM LARRY KEMP Transaction Detail 6100 RED HOOK QUARTER Fund Activity 6 SUITE B-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Important Message Bear Stearns IS pleased to TOTAL VALUE OF SECURITIES THIS PERM 20.777.706 cash&Eq.n.,km—I 1135.397 announce our ccoverson to 1114.233 a calendar month-end NET CREDIT EIALA/CE 22.643 Ecimes 320.777.706 statement. Effective 321.368,709 September 2003.your MONEY MARKET FUND °MANCE 112.754 account Staletllefft Come market Was reelect all actntty aril NET EQUITY THIS PERIOD 620.913,103 account valuation up to and Last statement's marts maw including the last business day or the month. T4iNaGUNO0 NET EQUITY LAST STATEMENT 21.483,942 CHANGE SINCE LAST STATEMENT -570,839 There are no Stop Loss orders or other pending buy or sell open orders on file for you account. Memo noon any Orane or ronoong of chile% et WOO; afrated a* ettnoned Sfleo. 00,771-1.IT Pal,01.1ON/.IN ma ramate wow aumais P CMM Sena. <0.141.14-142.1. a **a IC Del ?awn it a... Sole fixeren sto7.0 Ttanta1P ).2‘r matt. Sac Imom PIP Iv hese •Ionnsacn !al "htPs nontnarYOO- co,. One Weerach Goner \or, EleoPI7T I in' aMi Cr 0&3003;13'41 001 V/312 BaSECICMANCIS EFTA01322226 55175ZZOO- V1.43 CULUtC0 ThOtOtalm NICLaY ONMED SUIISOYAY Bet Stan Setullatt Carp. Venle01 Cann Meath bnoldr. Mat Tat 11301.3859 1212]211-1000 INSIIIUTIONAL INTERESTS NC #2 2 et • 0 0 T I STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r _ 02? Oftletal 13 as CO1 VO12 P9LZS£00 IN9 ANGS 9SPSZZOOV.L43 EFTA01322227 CLEARED 11410JCP. PS W1100, 00.24.0 SL/820C4ARY OFFICE SERVCING MR ACCOUNT Etas Sane Stone Cop Bear. Stearns b Co. Inc. aAltlittsch Cm* Wt. BEAR 383 Matson Avenue Ifrookan. 112A, Tat 11201.3859 New Tort. Now York 10179 2721000 STEARNS (212) 272-2000 INSTITUTIONAL INTERESTS At *2 3 0. r. STAT.-12er nnoo by 76. 2003 T1010LCal Aulani 29.2003 woman wykER 049.51880 281 Cash Flow Analysis Income Summary TAXPAYER MASER On Tic TIPS PERIM DRIPM60 Ma/006TE LAST STATSPSH1 July 25.2003 Opening Balance 51,686.28 DINclends 21,162.44 180.785.31 Creek Balance IM. 1.67 6.097.03 Money Fund 206.19 Total $21.164.11 5186.882.34 Ohidendsarearest 20.957.92 0 Amount Credited 521,164.11 0 Money Reid -206.19 Portfolio Composition z Amount Debited 5.206.19 Cash/Cash Earn** 135.397 m footles 20.777.706 Net Cash Activity 20.957.92 C Closing Balance $22.643.20 Total 520.913.103 in z Your Portfolio Cash Balance Summary Allocation O.O5PC Cash 1.685.26 22.64120 r Net CashBalance 51.685.28 522.643.20 — Equibe2 99% enual 'NOM Ora, 090 ban ar.3,a• vele rya 00 rtioprion :ewer's n xenme hp, to *Nan yin ,Vlit U wr POit0 0/7 0.1OO3 13 85 001 X1112 S9LZSEOCIND- ANGS EFTA01322228 0.SARED ~CUM ITS ~OW OHO) SLIalOtaY (»ME SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. Pay. Se" Stata Cn Itaaa Cat lath BEAR 383 Mason Avenue anal RA al 11204859 New York. New York 10179 C2121212,10:0 STEARNS (212) 272-2000 INSTMR1310.1. INTERESTS NC 02 4 at STAIWa7 P15100 Ay 26. 2303 498090m Augur 29.2003 Your Portfolio Holdings ACCOLW Nana 049.51880 281 CASH & CASH EQUIVALENTS TAXPAYIM NWSIZR On File LAST STATaaT 9.1y 25. 2033 satin ISTMAIED CUMIN, DISOWIION SnitOu0.MP OkuN1117 316CE VA11E IMliM P40Ma TOD IN CASH BALANCE 22.643 BEM STEARNS PR/ME MONEY 8SIAKK 112,754.13 1.0000 112,754 1,028 0.9099 mARKET PORTFOLO CL Y 0 DNIDENO REINVESTED TOTAL CASH & CASH EQUIVALENTS 9135.397 51.026 11 EQUITIES Equities & Options rn ART WAND ISlMAI[D DAMEINS DESCR910% snmoueusr TYPE COMM IRa WOK 444444 INCOME MILO OR AOL TIME WARNER INC A01. CASH 100,000 16.31503 1,636.000 AMERICAN INTERNATIONAL GROUP MG CASH 25.000 59.5700 1.489,250 6.600 0.4365 INC BANK OF AMER CORP MC CASH 30000 79.2500 2.377,500 96,000 4.0379 r CITIGROUP INC C CASH 27.375 43.3500 1.186,706 38,325 3.2295 E I DU PONT DE NEMOURS & CO CO CASH 25.000 44.7400 1.118,500 35.000 3.1292 FREDDIE MAC-VOTING COMMON ERE CASH 30.000 53.1500 1.594.500 31.200 1.9567 (FORMERLY FEDERAL HOM LOAN moRTGAGE CORP) INTERNATIONAL BUSINESS IBM CASH 20.000 82.0100 1.840,200 12.800 0.7804 MACHINES CORP )3101SON& JOHNSON .IN.I CASH 60.000 49.5800 2.974.800 57.600 1.9363 _ _ MBNA CORP KRB CASH 100,000 23.3400 2,334.000 40.000 1.7138 99LZSE00 IND ANGS 027 ~3:1244 001 EFTA01322229 8StSZZOO- V1-43 =ARC0 THROWN ITS IvACCLY °MED SuISSIDORY OFFICE SERVICING YOUR ACCOUS// Bea Steams 8 Co. Inc. Bev. Sown( Sslas Cap. Ont StrAO1 Sr Math BEAR 383 Madison ATVS 0s*" New Ton 11201.3550 New York. New Yak 10179 (2121 ZTAI000 STEARNS (21 2) 272-2000 INSITIUDONAL INTERESTS ABC 02 S a4 STATUS POLS AS/ 26.2003 SOAR AUgal 29.2003 Your Portfolio Holdings (continued) AKOCANT SUR 049-51880 281 TAWAS 741.0407 On nk kat SCAMS( _Of 25.2003 Equities & Options (coronued) ACCI IIARRO ESTIMATED MST (*SCRS:A 00.110)0AIP nn ammo rMu %RUC MSS MSC MILD MO PFIZER INC PFE CASH 75.000 29.9200 2.244.000 45.000 2.0053 PROCTER & GAMBLE CO PG CASH 25.000 87.2900 2.182.250 45.500 2.0850 520.777.706 5407.925 420777.706 5407.925 z - YOUR TOTAL ESTIMATED ANNUAL INCOME 5408.951 C YOUR PRICEOPORTFOLIONOLDINGS 520.913.103 rn z -H Transaction Detail MONEY FUND ACTIVITY r DATE MST SSW( SWOON STIMUCUSP CRIANITIV MCC CS SUM CRIDIT MAST 07725/03 OPENINOBAUANCE 112.547.94 08/01103 DIVIDEND BEAR STEARNS PRIME MONEY BSAIM 208.19 MARKET PORWOU0 CL Y RECORD 07/31103 PAY 07/31/03 08/01/03 REINVEST BEM STEARNS PRIME MONEY 6.5MU 206.19 206.19 MARKET PORTFOu0 CL Y REMISS Pft/CE 1.00 027 0YF00:13:43 0O1 VS12 L9LZSE00- 019- ANGS EFTA01322230 CLEARED THROW,. rT9 mtaµY 0A00.0 SuStuOwar OffICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. Sts. Swan Sricult.is Cap. One Women, Ow& No% BEAR 383 Mattson AMIN) weer. iiet et 201.35S9 New York. New WV 10179 RI2) 2124000 STURNS (212) 272-2000 INSTTRMONAL INTERESTS NC 402 6 e4 sumac PEROO My 26. 2003 tHitaxof ALgust 29. 2003 Transaction Detail (continued) ACM:Kr µum 04941990 281 TAXPAYER n.sw90‘ On Fie MONEY FUND ACTIVITY (continued) LAST stmortra Jut/25. 2003 out wwr MISR°. DESCRFION SYMIOUCIEW Oman 1.11ZE Dan MOW OREM AmOva 08/29/03 CLOSINGBALANCE 112.754.13 TOTAL $406.19 5206.19 DIVIDENDS MIT -n teSCRIPTESI STIMOUCUSIP OVAWMY RATE 0) DER NOSE MOO SOW 08/15/03 PROCTER & WANE CO PG 25.000 0.4550 11.375.00 RIC 07/1103 PAY 08/15103 C 0022/03 CMGROuP INC 27.375 0.3500 9.581.25 in REC 08/04/03 PAY 03/22/03 TOTAL 520.956.25 INTEREST DAIS OESCAPt10.4 SYMRO-CuSIP ctAsItry RATE 14 OMIT WW1, CROXI AMOUNT r 08/21/03 INTEREST ON CREPT BALANCE AT 0112% 07121 IHRU 08/20 0.5000 1.67 TOTAL 51.87 On W1003:1343 C01 tI2 89LZSEOCIN9- ANGS rn I8 1,4 IJ La O EFTA01322231 CLEARED nbab50. rts MC4.Y (WOOD SUBSOVICY OFFICE SERVICING YOUR ACCOUNT Bear. Steams 8 Co. Inc. On. Sian Marne Corp. One Wray" Cn Wain BEAR 383 Madison Melba ITTOTAt t Nev TO% 11Z01.38S9 New York. New York 10179 IVO 273.1000 STEARNS (212) 272-2000 INSTINTIONAL iNTERES15 NC *2 ACCOUNT EXECtnNE GREENEIERG.MAN C. STATEMENT PEACO IMO 28.2003 TELEPHONE (212)272.480S nectax2s4 417 25. 2003 viSIT OUR %EMIT ww.bearsteems.com ACCCur Pe' lonot 04541550 281 What's In This Statement II TAXPAYER MAMMA On Fan NET STATEMENT Art 27.2003 Financial Summary 3 INSTITUTIONAL INTERESTS NC 1t2 Your Portfolio Holdings 4 010 FINANCIAL TRUST COMPANY ATTN LARRY KEMP • Transaction Detail 5 6100 RED HOOK QUARTER Fund Activity 6 0 SINE B-3 ST THOMAS VI 00802 0 Z T i t C Your Portfolio at a Glance Market Value of Your Portfolio in can Egrasen _II 5114,233 TOTAL VALUE OF SECURITIES THIS PERCO 21.369.709 5633.821 NET CREDIT BALANCE 1.685 521.369.709 Cowles 520.275.749 MONEY IAARAET RED BALINCE 112.548 MS Omni mwter TAW NET Worry nos moo $21,483,942 tap gattenenCS malice vain. r NET EQUITY LAST STATEMENT 20.909.370 CHANGE SINCE UST STATEMENT 574.572 There are no 'Stop LOSS' orders or other pending buy or sell open orders on file for your account. _ [Tense nor. an' Mertw n tanntept ti Owns st WA. natrea in tenors, n m. The wary e be Manta* Tu,OStn ten.. t o nX.MinCed elates downed. te 'ben, Swat. M W4.11,0*. amt. n Oen, lavas M Sea SWF6 Snubs t 1744 'eternise IASI be nr.eiltb let Kir reeern See 'twee int nportert nionnincre Cap. Or* Monts. Cana Onottr. Hy 1120 .0(49 017 0275931033 COT 69LZS£00 IND ANC'S l9tSZZOO- V1.43 EFTA01322232 awn: 'warn ITS wricsa.v 0.003 St-i341Cav Ow. Steams Stator Cop. One Matte* Cow Nod, 8rto.Or. Mn Yvt 11201.3859 (2121 ]l2.IOA INSTITUTIONAL INTERESTS NC *2 2 a r O z ii STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r 027 omunie,13 001 von OLLZSEOCIA19- ANGS rn I S IJ U.) La 10 1.0 EFTA01322233 GEARED TeROLIM ITS WittOLLY 0M.SD Su•SOWee 09910E SERvICAn YOUR ACCOUNT bee. Sure Minn COrit. Bear. Steams & Co. Inc- Ore Wenn CANN Walt BEAR 363 Madison Avenue lieclOye 12rw al 20 3811 New York. New Yoh 10179 WIZ 272.1(310 STEARNS (212) 272-2000 INSINURONAL INTERESTS NC *2 SUMMIT Tate An 28.2007 T2 G1 key 25.2003 ACCOUNT r•JultEtt 049.51880 281 Cash Flow Analysis Cash Balance Summary lAkkuvER Mane Oen* "C PERIOD CeMPC aosec UST STATTATIM An 21.2003 OpeningBalance 921.629.88 Cash 21.629.88 1.685.28 Money Fun 500.556.95 Net Cash Balance 521,629.88 51,685.28 Dividocchilnrerest 13.205.15 Amount Credited $513,762.10 0 Securbes Bought -533.149.75 Income Summary MS PERIM TUS MOAN Money Fund .556.95 13.756.95 159,622.87 -n Amount Debited $-533,706.70 Credit Balance IM. 5.15 6.095.36 Net Cash ActMty .19,944.60 Total 913,762.10 C 5165,718.23 in Closinpealance 51.685.28 Your Portfolio Portfolio Composition Allocation Cashnash Equwaierr, 114,233 Equities 21.369,709 r Total $21,483,942 99% Uttneet texas Oen dept Mtn wow .al nem yarn The elecaign teNMn2e Oleme Cr• IN tl iblelit mat< N4* cf Nut :bib:, 021 OMS423.10 33 001 311I ILLZSEOCIN9- ANGS I8 IJ IJ La EFTA01322234 rim.% nROurin rts ~Xis Piste 9..e3Owee OFFICE SERVICING YOUR AFD0INT Bew. Stearns & Co. Inc. Ster. Sion Sean« nip OM &MOON — lear, BffiR 383 Madison Menu* ~Jr. He. 'yen 112014659 New Yak, New Verk 10179 121212124000 STWRNS (212) 272-2003 INSTITUTIONAL INTERESTS NC #2 4>7 STATBARIT neb00 June 28. 2003 Ju/y 25. 2003 Your Portfolio Holdings AOCCLMT 1CUrati, 019-51880 281 CASH & CASH EQUIVALENTS nap:~ M. On ne L.4- sinwevr June 27.2003 ~MS CISCRIPI1Cel SMIDOUCUS, OUNITITI YAWL ANlea leteMe CUMen MON CASH BALANCE 1,685 0 BEAR STEARMS PRIME MONEY UNMET PORTFWO Cl. Y I3SMXX 112.547.94 1.0000 112.548 1.035 0.9196 0 DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS 5114,233 51.035 z -n EQUMES Equities & Option* rn ACCT «PIT UM" CØ ~MON STIMOVeU9P asemv Kea WWI Mews ~et VIEW N z AOL TIME WARNER INC AOL CASH 100.000 15.3200 1.532,000 AMERICAN INTERNATKOML GROUP MG CASH 25.000 64.6500 1.616.250 6.503 0.4022 INC BANK OF ARIER CORP BAC CASH 30.000 83.5300 2,505.900 96.000 3.8310 r CMGROUP INC C CASH 27.375 45.7300 1.251.859 38.325 3.0614 E I DU PONT OE NEMOURS & CO DD CASH 25.000 44.6900 1.117.250 35.000 3.1327 FREDDIE MAC-VODNGCOMMON FRE CASH 30,000 50.7500 1.522.503 31,200 2.0493 (TORLERLY FEDERAL HOIÆ LOAN MORTGAGE CORP) INTERNATIONAL BUSINESS IBM CASH 20.000 83.6700 1.673.400 12.800 0.7649 MACCES CORP JOHNSWA JOHNSON Ml CASH 60.000 52.2300 3.133.800 57.6C0 1.8380 IABNA CORP KR8 CASH 100,000 23.0:X0 2,300,000 40.000 1.7391 02, outset-lass an ben ZUZSE00- IN9- ANGS I p O IJ tn EFTA01322235 OZAUD "AROMA n's vMOur DATED SUSSIDAARY OFFICE SERVICING YOUR ACCOUNT Ow Sews Sean*, Cap. Bear. Steams & Co. Inc. Oro IMintecn Grow Mon BEAR 383 Madison Memo ettotbit Ns Tett 112014/59 New Vat, New Wyk 10179 RIZ 272.1000 STEARNS (212) 272-2030 ISISTffUTIONAL INTERESTS AFC 02 5 C7 STAllDiENT PERIOD Ane 29.2003 niROUOM My 25.2003 Your Portfolio Holdings (continued) Accoon TIMIER 049-51880 281 TAXPAYER maTER On file mar meager Ant 27.2003 Equities & Options (contive0) WW1 ETNA= CURRENT DESERPRON EVIABOIXUSAP Swim PRIX MIX AMUR. MOW YIELD CIO PFIZER INC PEE CASH 75.000 33.0400 2,478.000 45,030 1.8160 PROCTER &GAMBLE CO PG CASH 25.000 89.5500 2.238.750 45.500 2.0324 Total EquItles8tOptions $21,369,709 5407.925 0 TOTAL EQUITIES $21.389.709 5407.925 -n YOUR TOTAL ESTIMATED ANNUAL INCOME $408.960 C YOUR PRICEDPORTFOLIOHOLDINGS 521.483.942 in z -H Transaction Detail INVESTMENT ACTIVITY r SITTWAINT TRAM DATE DATE TRANSACTION DESCRSTKIN SYWOUCUSP OUNRITA PRICE COM WWII tette MAXIM' 07/08)03 07102103 BOUGHT FREDDIE MAC-VOTING COMMON FRE 10.000 53.00000 533.149.75 (FORmERLT FEDERAL MIME LOAN MORTGAGE CORP) CISCRETONARY ORDER TOTAL 5-533.149.75 027 07/26,0116 33 OCT veil £LLZS£00 IND ANGS EFTA01322236 59175ZZOO- V1.43 MIMED THROW,. ITS muCtsv arm SLESCHAY OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. Sear. Simms Swan Cep. Olt Mama Cs Tam BEAR 383 Madison Avenue RN*" kew Tat 11201-3850 New Yak. New York 10179 am211272.11:00 STEARNS (212) 272.2000 INSTITUTIONAL INTERESTS NC e2 6 07 STATEWETIT PEPSICO Arne 28.2003 imAOLAIm At8 25. 2003 Transaction Detail (continued) MAYER Aswan 049-51880 281 TAXPAMER 'meant On Flit MONEY FUND ACTIVI7Y µST STATEMENT Wm 27.2003 017E Leen IRMISCIION DESCRIPTION SVAII01/0.5, MAMMY MCC NWT wpm CREPT MOUS, 06/26/03 OPENINGBALANCE 611.990.99 07/01/03 DMDEND BEAR STEARNS PRIME MONEY EISACC( 556.95 0 MARKET PORTFOUO [L I/ RECC48) 06/30/03 PAY 06/30/03 07/01/03 REINVEST BEAR STEARNS PRIME MONEY awn 556.95 556.95 MARKET PORTFOLIO CL Y -n RENVEST PRICES 1.00 07/10/03 SOLD BEAR STEARNS PRIME MONEY BSVOC( -500,000 1.0000 500000.00 MARKET PORTFOU0 CL Y C in 07/25/03 CLOSINGBALANCE 112.547$4 TOTAL 5.556.95 5500.556.95 DIVIDENDS OAR COMMON STVECUCUSP CRIMMY ROE CM OM WNW MIXT WONT r 06/30/03 FREDDIE IAACNOTING CO/A*3N FRE 20.000 0.2600 5.200.00 (FMtMERLY FEDERAL HOME LOAN MRTGAGE CORP) REC 06/16/01 PAY 06/30103 07101/03 MBNA CORP KRB 100.000 0.0600 8.000.00 KC 06/13/03 PAY 07)1n3 TOTAL 513.200.00 027 oMeenn33 oar ven PLLZS£00 LAID ANUS EFTA01322237 99175ZZOO- VIda CIEAss0 TKROuCtm ITS %Otto( PANED Sulisewre OFFICE SERVICIVG YOUR ACCOUNT Bee. Steers Semites Cep. Boar. Steams & Co. Inc. Ore Verown Caw Mem BEAR 383 Madison Avenue lioedri. New Vet II ZOI.SIAS9 New Yak. New Yak 10179 (CIO 272.1000 STEARNS (212) 272-2CCO INSTIRMONAL DITERESTS NC *2 7 cl 7 STAlluesT MOOD lune 28.2803 THI1C4CAt ACT 25.2003 Transaction Detail (continued) AcCO‘Air noweCt 049-51880 2131 TAWAYER MAIER On fle INTEREST LAST STATE...re Me 27.2003 OAR OCSCROMII sueedatir Mumrry Mix (19 CELT MOM eine MA:Wir 07/21103 MEREST ONCREDIT BALANCE 0.7500 0.17 AT 0314%06/21 THRU 06/24 07121103 INTEREST ON CREDIT BALANCE 0.5000 4.98 AT 01/2% 06/25 THRU 07/20 0 TOTAL 55.15 -n C in STOP End of Statement r OST OMV33:1Ct33 COI 'al 1 SLLZSE00- 019- ANGS EFTA01322238 CLEAR= TAROVOI ITS MOLLY OMIGO SUSSVARY OFFICE SERVICING YOUR ACCOUNT Des. Steams & Co. Inc. W. Seisms Swell* Ora On Mettesch Cents MST BEAR 383 Madison Avenue Erealtr Pre en 70141S9 New York. New York 10179 12121 2724020 STEARNS (212) 272-2C00 INSITRMONAL INTERESTS NC 12 ACCOUNT unmet GREENBERG.ALAN C. SUYDAM' PIP= Wry 31.2003 TELEPHONE (212)272.4805 TilleCOOlt AIM 27.2009 VISIT OUR MOSUL anyw.bearsteams.com AVOW! Hamar 049-51580 281 What's In This Statement I TAXPAYER FARMER On rile LAST stArcucer May 30.2003 Financial Summary 3 INSTITUTIONAL INTERESTS A/C Your Portfolio Holdings 00 FINANCIAL TRUST COMPANY ATTN LARRY KEMP Transaction Detail 6100 RED HOOK QUARTER Fund Activity 6 SUITE 8-3 ST THOMAS VI 00802 0 z ii C Your Portfolio at a Glance Market Value of Your Portfolio Important Message rn aS1 3.621 Conarmation: Unless we Cash & WHAM hear from you to the TOTAL VALUE Of SECURMES THIS PERIOD 20.275.749 $2711.150 z contrary, it is our NET CREDIT EIAIANCE 21,630 EqUelea sellIMMIEW $20.275.749 urclerstanOng that any free 0.065.723 credit balances et your HONEY MARKET FUND BALANCE 611.991 account are being MO CUM% nine. WOWS maintaned to laciest° NET EOWTY hag PERTOO 520.909.370 your Attention to Wriest - USD Statements market vac such amounts through us. r NET EQUITY LAST STATEMENT 20,677.883 CHANGE SINCE LAST STATEMENT 231.487 There are no Stop Loss' orders or Other pending buy or sell open orders on file for your account. _ Anse bees we Monne a noneeceR w el•Kss a Ss ebbs es oaten b tannin le le blemettbas' Probes PIS. X INT waded 31 It nonre b Oen Sewer ele00{04-142A et nee * Cies Sewn It Nee fawn Searles nes Osteten *WO be Winn ?Or Deus retells Sr Tossesebbkr enprtre Mannar Si IDA Car. On Wenn Cent web. been, ' DO al* 021 9LLZS£00 IND ANGS OVPIAD3.1P0a CV "Co EFTA01322239 89PSZZOO- V1.43 CLEARED THROUGH ITS wHOUN — SLOSSAY apas Stevie Swan Cap. One UsMach cut Wan tircettp. Mew Vita 11201.11159 GPM 272.1003 INSITRRIONAL INTERESTS NC *2 2 a+ 0 z ii STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r _ 021 060:103.I2 00 00i NCR LLLZSECIO IND ANGS EFTA01322240 69PSZZOO- V.L43 CLEARS0 1NROuOm AN= CroNED SUSSOIA/tf OFFICE SERVICING YOUR ACCCtAIT Seat. Stearns & Co. Ix. Sew Sans 50:10bei De Ilerofech Center 183, BEAR 383 Madison Manua Poo", Nes orl, 20 3939 New Talc New York 10179 CM) 2/2.1000 STEARNS (212) 272-2000 INSTM/TIONAL INTERESTS MC 02 3 a7 sTATRIAD.7 ream May 31. 2003 710i0.1311 kale 27. 2003 ACCAXt0 %MOIR 049-51800 281 Cash Flow Analysis Cash Balance Summary TAxiweot kisiorR Fie nes n 07414114 =SSG LAST STATEINI00 WO 3D. 2003 OpeningBalance 52.032.811.00 Cash 2.032.811.00 21.629.88 Money Fuld 67.642.13 Net Cash Balance 52.032.811.00 521.629.88 0Mdends/Intorost 50112.00 0 Amount Credited 5117.754.13 0 Securities Bought -2.128.293.12 Income Summary Money Fund -642.13 1145NRE10 IDA 70 Ont m Ceddends 49.86713 145265.92 Amount Debited 5-2128.935.25 Credit Balance Int. 887.00 6290.21 C Net Cash Activity -2.011.181.12 Total 550 754.13 5151 956 13 in ClosingBalance 521.629.88 Your Portfolio Portfolio Composition Allocation Cash/Cash Councilors 633.621 Equities 20.275.749 r Total Cash A Equrialent — I% 520.909.370 — EquLts _ 97% 2%-and 0,06 000 Vance mike Ymyt rni001 .1Os. The *loan, prep AT0)00 !tun O. Reek', TW*11 v00 0 0.0 1:040. 8LLZS£00 INS ANGS 027 C62804 '707 071 'et°, EFTA01322241 OLVSZZOO- V.L43 Olaf0 TriSOUGH ITS vmou3, Own= SUSSOsuir OFFICE SERVICING YOUR ACCOUNT Bear, Steams & Co. Inc. Sew SIWOS seances Cap. Of Wm/a One Nolh BEAR 383 Madison Avenue aver. New et 20 323 New Talc New York 10179 1212) 272.1000 STEARNS (212) 272-2000 INSTITUTIONIU. INTERESTS MC o2 STATEwEeT PEI000 May 31.2003 IHROUON An 21.2003 Your Portfolio Holdings maccuct mama 049-51880 281 CASH 8 CASH EQUIVALENTS tAXPAYIN IiASCR On Re LAST STAtfliENT May 30.2003 WSW WAM RM (*SCRIMS SMOKIV0192 OLIANITIV MU( moon (S WON CO MD CY) CASH BALANCE 21.630 BEAR STEARNS PRIME MONEY esmxx 611.990.99 1.0000 611.991 6.304 1.0301 IMPACT PORTFOLIO Cl DivOEND REINVESTED 0 TOTAL CASH & CASH EQUIVALENTS 3633.621 56.304 E I EQUMES C Equities 8 Options ACCI WU, ESTWED MAW in OLSCRPTION 57100UCLISIP Nfl OUMITIrt PRICE MIX swum NONA 210.0 z AOLDME WARNER INC AOC CASH 100,000 15.8200 1,582.000 AMERICAN INTERNATIONAL. GROUP MG CASH 25.000 55.6900 1.392.250 5.200 0.3735 NC BANK OF AMER CORP BAC CASH 30.000 79.6100 2.388.300 96.000 4.0196 CMGROUP INC C CASH 27.375 43.0100 1.177.399 21.900 1.8600 r E I DU PONT DE NEMOURS & CO DO CASH 25,000 41.8300 1.045,750 35,000 3.3469 FREDDIE MACNOTINGCOMMON FRE CASH 20.000 50.0000 1.000.000 20.800 2.0800 (FORMERLY EDERAL HOME LOAN MORTGAGE CORP) INTERNATIONAL BUSINESS IBM CASH 20.000 83.4200 1.668.400 12.800 0.7672 MACHINES CORP JOHNSON& JOHNSON JNJ CASH 60.000 51.5400 3.092.400 57,600 1.8626 _ MINA CORP KRB CASH 100,000 20.7500 2,075,000 32.000 1.5422 6LLZS£00 019 ANC'S 027 01.21.33-1200 COI 1908 I LVSZZOO- V1.43 EFTA01322242 CLEARED THROug. rta %MOLLY °MED 0.0SCORY OFFICE SERvICING YOUR ACCOUNT Bear. Stearns & Co. Inc. Sea San Eaurbes Car One PIerrach env WM BEAR 383 Madison Avenue Smart. Kt volt 112014839 NOM Yak. New York 10179 0121272.10V STEARNS (212/ 272-2000 UO5111E/TONAL INTERESTS NC 42 5a 7 STAn7/10.7 raDOD Mry 31.2003 130tegg. Are 27.2003 Your Portfolio Holdings (continued) ACCOUNT 0-n007, 049-51880 281 TArrAveR MAMA On Fie LAST STATEmew? TAay 30.2003 Equities & Options (zeitiremd) Reg /AMOCO ESIRIA0D CUMXI DESOOPOCIM 37100AWSP ME gummy eta "AWE gong: name int° 04 PRIER INC PEE CASH 75.000 35.0000 2.625.000 45,000 1.7143 PROCTER & GAMBLE CO PG CASH 25.000 89.1700 2.229,250 41.000 1.8392 Total Equities& Options 120,275.749 $387.300 TOTAL EQUITIES 520.275.749 5367.300 z m YOUR TOTAL ESTIMATED ANNUAL INCOME 5373,604 C YOUR PRICEDPORTFOLIOHOLDINGS 520.909.370 in z -H Transaction Detail INVESTMENT ACTIVITY r SEME1000 TRADE DAM Oat TRAMACTO1 DeteRPTON SildO0U015, OMMY 11efY DEM MOM 07/01/ *MISR 06/09/03 0604103 BOUGHT El DU PONT DE NEMOURS & CO DO 200 43.30000 RY ORDER 8.711.96 PART OF 35 CtSCRETINA000 STIR 06/09/03 060403 BOUGHT E I DUPONT CE NEMOURS & CO OD 1.500 43.32000 65.369.70 DISCRETIONARY ORDER PARTE% 25000 SHR 06/09/03 06/04/03 BOUGHT El DUPONT DE NEMOURS& CO DD 23.300 43.45000 1.018.439.30 DISCRETIONARY ORDER PART OF 25000 SHR 027 oV28.01.1no COT VOW OSLZSEOCIND- ANGS rn 8 IJ IJ IJ EFTA01322243 GAMER 114X00.4 ITS %Riau) 0/0420 ERSM0WIT OFFICE SERVICING YOUR ACCOLT‘r ay. Sown wows cap. Beer. Steams & Co. Inc. We *wan Cow Win BEAR 383 Madison Avenue RES kw Yen Dwane NEM York. New Perk 10 - 9 OA 27240:o STEARNS (212) 272-2000 INSTINTIONAL INTERESTS NC #2 6 ct STATWET F4 OO May 31,2003 THROUGH lune 27.2003 Transaction Detail (continued) MX0Jorr µe,1161 0.6-61680 281 RaxpAYEEI POWER On Re INVESTMENT ACTIVITY (continued) uer rATIRADif May 30.2003 SETIUMENI WOE nen out IIWISCERN OtSCRPTION SW3CMUSP QUANTE! P E OWE WOW, CREW 'WUXI 06/13103 06/10(03 BOUGHT FRECOIE MAC•VOTNG COMMON FRE 20.000 51.49010 1.035.772.16 (FORMERLY FEDERAL HOME LOAN MORTGAGE CORP) AVG PRICE SMO'NN•DETAAS ON REQ ACTUAL CONFIRM TO YOUR AGENT DISCRETIONARY ORDER 0 TOTAL 5-2.128,293.12 -n MONEY FUND ACTIVITY an C NOWT ITWESIECRON oncmPnos SEMBOUCUSIP COWRY DIVIALOW CR= AMOUNT 05/31/03 OPENINGBALANCE 678,346.86 in 06/02/03 DIVIDEND BEAR STEARNS PRIME MONEY BSke0( 642.13 MARKET PORTFOLIO Cl r RECORD 05/30/03 PAY 06/30,03 06/02/03 REINVEST BEAR STEARNS PRIME MONEY EtSIOX 642.13 642.13 MARKET PORTFOLIO Cl Y REIWEST PRICE S 1.00 r 06/12/03 SOLD BEAR STEARNS PRIME MONEY BSMU 47,000 1.0000 67,000.00 MARKET PORTFOUO CL 06/27/03 CLOSINGBALANCE 611,990.99 TOTAL 5442.13 867.642.13 OMWECLRIVW 001 VOW ISLZSEOCIN9- ANGS ETE 8 IJ IJ --J EFTA01322244 awe= TIROCCR IS VrtiCur RR= StaSP0RRY OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. Be, Swarm Socu•ces Cap. On Mites"' Cob, WO BEAR 383 Madsen Avenue amt Ns Min 11201.3965 New York. New `leek 10179 RIO 212.10:0 STEARNS (212) 272-2000 INSTITUTIONAL INTERESTS A/C *2 7 0, T STATOR'? KROO may 31.2003 TRICA10.4 RIX 27, 2003 Transaction Detail (continued) AoccAncr summit 049.51880 281 TASTE* IaRIMI OR Fie DIVIDENDS 'AST STATOR)? may 30.2003 OAR Otscarica TRABOUCUSIP OUNITITI FOR 10 NM Ammo LAW/ AMOUR 06/05/03 PFIZER INC PFE 75,000 0.1500 11,250.00 REG05/1103 PAY 06115.03 C) 06/10703 INTERNATIONAL BUSINESS IBM 20.000 0.1600 3.20000 MACHINES CORP REC 050903 PAY 06110.03 06/1003 JOHNSON& JOHNSON JNJ 60.000 0.2400 14.400.00 PLC 062063 PAY 0511003 06/2003 AMERICAN INTERNATIONAL GROUP MG 25.020 0.0470 µ 1,175.00 RC -n REC 06,0603 PAY 062003 C 06/27/03 BANK Cf AMER CORP MC 30.000 0.6400 19,200.00 AEC 06.06/03 PAY 06/27/03 rn TOTAL 649.225.00 INTEREST OAR otscrernota STIMOUCLISP ORAMnr RATE r COO ROJO CREDIT M m 06/23/03 INTEREST ONCREDIT BALANCE 0.7500 887.00 r AT 0 3/4% 0921 TRIM 06/20 TOTAL $887.00 Eno of Statemen _ ZBLZS£00 INS ANGS 027 ce-yoca .2 CO 1) Rios EFTA01322245 taSZZOO- V1d3 CLEARED ThROIXtil ITS vosOur ONNID arlISOVICY OFFICE SERVICING YOUR ACCOUNT Stre Sign %sullies Cap. Bear. Steams & Ca Inc. Cr* llotroloth Owls North BEAR 383 Madison Avenue froolchm. New nth 11201.3159 New York. Hew York 10179 ma 272.1000 STEARNS (212) 272-2000 INSTITUTIONAL INTERESTS NC #2 ACCOUNT EVECUTHE GREENISERC.ALAN C. suntan -7 'taco NA 26 2003 TELEPHONE (212)272.4605 11490IJGH PAY, 30.2003 VISO OUR WEBSITE www.twarsteams.com ALCOUNT ocultER 049.51880 281 What's In This Statement II .1 300,AVER toroth Co Filo 1.4.87 STrattiENT April 2$, 2003 Financial Summary 3 INSTITUTIONAL INTERESTS NC 02 Your Portfolio Holdings 4 CIO FINANCIAL MUST COMPANY ATTN LARRY KEMP Transaction Detail 5 6100 RED HOOK QUARTER Fund Activity 5 SUITE 8-3 ST THOMAS VI 00802 0 m C Your Portfolio at a Glance Market Value of Your Portfolio Cash & Rhavarent 5 2. 15.1.0 in TOTAL VALUE OF SECURITES THIS PERIOD 17,966,723 517 87.200 NET CP1EXT BALANCE 2.032.811 517.968.723 Lqubes MONEY MARKET FUND BALANCE 678,349 S18.252.000 Camera market vakaa tau Loony THIS Peitt00 $20,677,883 go Last statements market value r NET DORY IAST STATEMENT 20.039.818 CHANCE SINCE LAST STATEMENT 638,065 There are no Stop toss' orders or cow pending buy or sell open orders on file for you account NI. "act, any Vivra co nin-flagi Mb. et COLIC& 1, 1CiEtd as al-err0 lot. nn nernory is Or ettnincoal worse 050, t is .Ct liciteel as a tat exams. 'at Caen Sanaa at aftaail. van. to Don Sort.. at Saw Sr. Sacra. tarm "Is unman shade be thee f r snows. $ea ram. tide fx rowan Framer. Ccap. Ote Waved, Caren WI.. ,oeeSn. NV. ttafr-3$59 037 4$910315'.30 001 "544 ESLZSEOCIND- ANGS En I8 b.) a -A La EFTA01322246 GUARS') TRIOUON ITS AVO' alB) SUISINUtt ler. Van St0.154S Ca Cat lAttettCh Ca Sloth Sam. New Volt 112014859 8193?2-100 INS111UT10NAL INTERESTS A/C #2 2 (-) 0 z m STATEMENT BACKER IS PRINTED ON THIS PAGE ci m z H r 021 06,31103.15 30 001 'St. b8LZS£00 IND ANDS EFTA01322247 9LVSZZOO- V133 OSARID 11.001X04 Tr& WMOLL Cal® SYMMS OFFICE SERVICING YOUR ACCOUNT Beer, Steams & Co. Inc. IOW. Reams SeoriRs Ow MCM:Mth Wow awn BEAR 383 Madson Avenue arcoOr. 6e. vat Is wham) Now Yore. New York 10179 12121 172.1020 STEARNS (212) 272.2000 INSTITUTIONAL INTERESTS NC a2 3 01 renew 10000 Apra 26.2003 72.0003o May 30.2003 ACCOUNT MAIM 049.51890 281 Cash Flow Analysis Cash Balance Summary TAXPWER wafter, On tie MS PIRKO MORO aMao LAST STATOMIta Agi 25.2003 Opening Balance $1,109,497.23 Cash 1.109.497.23 2.032.811.00 Securities Sold 905.095.79 Net Cash Balance $1,109,497.23 52,032,811.00 Money Fund 637.10 Dividends/interest 18.217.98 0 Amount Credited 8923.950.87 Income Summary z Money Fund .637.10 MS PROD SR moot -n Welder& 17,802.10 95,998.79 Amount Debited 5-637.10 Credit Balance M. 1.052.98 6203.21 C Net Cash Actiety 923.313.77 Total $18,855.08 5101.202.00 in Closinnalance $2,032,811.00 z Your Portfolio Portfolio Composition Allocation CasteCash Equivalent 2,711.160 Equities 17,966,723 r Total 520.677.883 Cash & EOLOMWS 14% Equtts 86% UMINO•C rel>to irekt clot4 Warts rob atul mirxet naas. U. .law ox-...taaa &m.< ,r-x, tee! aasow Turco .s.. erytu. Pb/a. 027 0513103.1330 001 V644 S8LZSEOCIN9- ANGS 8 b.) V.2 —J EFTA01322248 CUARD3 ne3u3/4 na ~MAY OnlaED 131.8,311.RY OFFICE SERVICING YCYJR ACCOUNT Sex, Stearns & Co. Inc. Sian Sea!~ Cop. Co/ ~OM Cato Not BUtft 383 Mason Avenue rpm" W. Tat 11201.3139 New York New Neck 10179 na-1cco STUaNS (212) 272-2000 INSTMMONAL INTERESTS MC #2 4 at fl ora« FIRJOD WI 26. 2003 rsoCo3/4 May 30.2003 Your Portfolio Holdings Aar.Cuirt >snot 049.51850 281 CASH & CASH EQUIVALENTS ~aye, ~et On Pie b1.17 STATOIOST Apnl 23.2033 MARICE1 CSTIYATED CultIONI %scant. Sniecuana, D.MNDn MCI Yµ1N AMM.a1 NOW YIELD Do CASH BALANCE 2,032.811 BEAR STEARNS PRIME MONEY BSMIN 678,348.86 111300 678.349 7,462 1.1000 MARKET PORTFC07 Cl Y 0 ONIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS 52.711,160 57,462 EQUMES Equities & Options in Acci MARKET BIIMATED ~WI DLICRIPTION S11111011CUSIP OWNITY WM* AAMJAL INCMt MO Cat AOL TIME WARNER INC AOL CASH 100.000 15.2200 1.522.000 AIJÆR1CAN INTERNATIONAL GROUP MG CASH 25.000 57.8800 1,447,000 5.200 0.3594 INC BANK Of AMER CORP BAC CASH 30,000 74.2000 2.226.000 76.800 3.4501 CMGROUP INC C CASH 27.375 41.0200 1,122.923 21.900 1.9503 r INTERNATIONAL BUSINESS IBM CASH 20.000 88.0400 1.760.800 12,800 0.7269 MACHINES CORP JOHNSON& JOHNSON JW CASH 60.000 54.35C0 3.261,000 57.600 1.7663 MENA CORP IRS CASH 100.000 20.0500 2.005.000 32.000 1.5960 PFIZER INC PFE CASH 75.003 31.02C0 2.326.5C0 45.000 1.9342 PROCTER & GAMBLE CO PG CASH 25.000 91.8200 2.295.500 41.000 1.7861 Total Equities& Options 517.966.723 5292.300 _ TOTAL EQUITIES 517.966.723 $292.300 98a5£00 INS ',NOS 021 0631.W.15.ø 001 yµ4 EFTA01322249 8LI,SZZOO- V1.43 CLEARED ?MOWN ITS VOCALS &Ma SUSMDMRV OFFICE SEFMCING YOUR ACCOUNT Ma. —m Stone Pa. Bear. Steams b Co. Inc. OY uthroth Cr me Soli BEAR 383 Maktion Avenue boaRn. Ne• San 11101-3050 New York. New Yoik 10179 81 21 Ma MO STEARNS (212) 272-2000 INSTITUTIONAL INTERESTS NC 02 5 Of 6 STATESARC PERCO AO 24.2003 SWOON May 30. 2003 ACCOUNT MAWR 049-51880 281 ?AMMER 'wad On Fie ENT STATEMENT Aced 25. 2003 Your Portfolio Holdings (continued) YOUR TOTAL ESTIMATED ANNUAL INCOME 5299.762 0 YOUR PRICEDPORTFOLIOHOLDINGS 520.677.883 -n Transaction Detail C in INVESTMENT ACTIVITY SEMISENT MAW DOE OAE TRANSMION DESCRIRIM SYMIOLCUSIP MUMMY PRICE DOR WOW (3100 MADlaa 05/02/03 04/29/03 SOLD COWMAN SACHS GROUP INC GS -12.000 75.84430 905.095.79 AVG PRICE SHONW-OETAILS ON RED ACTUAL CONFIRM TO YOUR AGENT MOP!_ner;///Y ORDER r TOTAL 5905.095.79 MONEY FUND ACTIVITY DATE LOOAY TRANSICTOR OlasnlY4 STAMUCLIMP OUMinm PRICE Cent MOUNT CS/DIT MOM 04/26/03 OPENINGEMLANCE 677.711.76 05/01/03 DIVIDEND SLAILROURICME MONEY BSMOI 637.10 _ r RECORD 04=003 PAY 04/30103 011 CdniX0.15,3 Co. 1.0•4 LBLZS£00 IN9 ANGS EFTA01322250 6aSZZOO- V.L43 CLEARED TreOLM8 nrs vreOLLY On.ED 6.831MARY MICE SERVICING YOUR ACCOUNT Bret Sirens Sanaa Ore. Be.. Stearns & CO. Inc. Dne Verxeli CAS WM BEAR 383 Madison Avenue 08. 21m Mr l(/k 11201.3149 New YE& New York 10179 1212) 272-1000 STEARNS (212) 272-2000 INSTITUTIONAL INTERESTS NC #2 6 a STMINEMT 1.0100 API 26. 2003 Tret0Lrei May 30.2003 Transaction Detail (continued) Are,. 1.0 marere C49-51880 281 YrerefaR remlER 08 nk MONEY FUND ACTIVITY (continued) LAST STATEurev Apil 25.2003 (Arc VONT TONSACTIN COMPTON Snatieutp RAM Pm( Olen Ham Cner MCA! 05/01/03 REIN)IST-- MWk MONEY B.9.03I 637.10 637.10 kilA RIWArin0 CL RERNEST ME $ 1.00 05/30/03 CLOSINGBALANCE 678.348.86 0 TOTAL S-637.10 $637.10 ii DIVIDENDS C DATE CeStlerere symeaUCtel• aw1TY MINE NET mom Dna MOST 05/15/03 PROCTER & GAMBLE CO PG 25.000 0.4100 10250.00 in REC 04/17/03 PAY 06115/03 05/23/03 CMGROUP NC C 27.375 0.2000 5.475.00 REC 050503 PAY 06/2103 05/29/03 GOLDMAN SACHS GROUP INC 6$ 12.000 0.1200 1,440.00 REC 04129/03 PAY 05/29/03 TOTAL $17.165.00 r INTEREST GR oisournoN 58.400LCUMP CUMMT2 RATE CM Cart reCan CREPT MOM 05/21/03 INTEREST ON CREDIT BALANCE 0.7500 1.052.96 AT 0 3/4% 04/21 THRU 05/20 TOTAL $1.052.98 _ 88LZS£00 INS ANGS on 4601031430 COI n44 EFTA01322251 08PSZZOO- V.L.43 CLEARED reftelni ml WMaly 0.7718) SUMMON' OEM( SERVICING 'MR ACCOUNT ler. seen Stones On Sex. Steams 8 Co. Inc. One Meuctan Center Ion BEAR 383 MadSon Avenue bcal" Mn Ven 112014150 New York. New Yak 10179 12121222'1000 STERNS (212) 272-2000 INSTITUTIONAL INTERESTS NC 02 STATEW7717 PERIOD March 29.21303 ACCOUNT EXECUTIVE GREENBERG.ALAN C TELEPHONE (212)272.4605 namori AM 25.2003 VISIT OUR WEEISITE wsectearsteems.com ACCOUNT Wag 049-5"880 281 What's In This Statement III IIIIIIIIII 1711 III TAXPAYER KAMA On fie tar *TATMAN, Myth 28 2003 Financial Summary 3 INSITTUTTONAL INTERESTS NC in Your Portfolio Holdings 4 C/0 FINANCIAL TRUST COMPANY ATTN LARRY KEMP Transaction Detail 5 6100 RED HOOK QUARTER Fund Activity 6 0 SUITE 6-3 ST THOMAS VI 00802 0 L I C Your Portfolio at a Glance Market Value of Your Portfolio in Cah ,,, Eq.avMeN $1,767,206 TOTAL VALUE Cf SECURITIES THIS PERIOD 18.252.609 $1.620.743 NET CREDIT BALANCE 1,109.497 $18.262,609 Equots MONEY MARKET FUN) BALANCE 677,712 117.566.061 ON Owen rosette value NET ECRITTY MIS PIRTOO $20,039.818 lam statement's market value r NET EQUITY LAST STMELENT 19.186.804 CHANCE SNCE LAST STATEMENT 853.014 There are no 'Stop Loss' orders or other pending buy or sell open orders on file foe your account. _ Pea Now sr/ dayrce or norywamO of deco or Sc,.ck Stoat) dawn. b 'RA ac TNS nanny', is ice lifteXPDXVIPIPPOSPC PTA T IS NI MOOT as LITCONOVC art Sams al 0304.3Noti. ova* b CON SeAkes Neer Poem Seculys INMAN Sheik te Waned Nt yoy minds. See MOM ROI Or recia:c terra*, On. OS ININNO. Corer Nan arose, V 20 44.0) 027 04/2401,12 72 DOI 260 68LZS£00 INS ANC'S I 8PSZZOO- V.L.43 EFTA01322252 CLEAJtet 714.10uCS rs yrtiOLLY IMMO StaMARY Bee. Steam StasiOft C013. Cal Paretic, term kith emir" /My en 20 SP (2121271.1000 INSTITUTIONAL INTERESTS A/C *2 2 (-) 0 z m STATEMENT BACKER IS PRINTED ON THIS PAGE ci m z H r 027 01124702:12.12 001 06LZSE00- IND- ANGS rn 8 IJ La 00 Is) EFTA01322253 ClURED nal09051 MI 191524.59 C9,490. loatoVJtv orrcE SERVICING YOUR ACCOUNT M. Sun Smits 0a Bear. Steams di Co. Inc. m 104entech War 16:40, BEAR 383 Madison Avenue 049:63445 New vat 11201.3059 New York, New Tort 10179 1212) 222.1030 STEARNS (212) 272-2C00 INSTMBIONAL INTERESTS NC #2 STATEMENT PERCO MVO 29.2003 memoir AO 25. 2003 ACOEUNT HOMER 049-51883 281 Cash Flow Analysis Income Summary TAXPAYER MAW ETI hit MIS PERIOD IC POSED W.AR TO OME WT STATEMENT mach 28.2003 OpeningBalarce 5943.713.80 0Mdends 7,882.95 78,198.69 Credit Balance M. 476.74 4,150.23 Securities Said 897.057.20 Total 18.359.69 582.346.92 Money Fund 682.95 DMdentIVIrterest 7.676.74 0 Amount Credited 5905.416.89 Portfolio Composition z Securities Bouts -738.950.51 Cash/Cash Equivalent 1.787.209 -n Money Fuld -682.95 Entities 18.252.609 Amount Debited 5-739 633.46 C Total 520,039.818 Net Cash Acurity 165,78143 in z ClosingBalance 51,109,497.23 Your Portfolio Allocation Cash Balance Summary r CPETIMG =GPM Cash 8 Equvalent-, 8% Cash 943.713.80 1.10%497.23 Not Cash Balance 1943.713.80 51,109,497.23 _ Mm — ovum ars mm tetra rote mmn frarm mams T e dmu. pommlage a Enid an.. a *NAM eMtM — el mu- tend. 027 04460112 12 007 v641 T6LZS£00 INS ANGS EFTA01322254 £8PSZZOO-V.L.43 CLEM= THIOUGH ITS vErsy OvnED SuBSICAry OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. w . Ma Soosless Cap. Or Worth Celt( TOM BEAR 383 MartS01 Avenue Warr. Pr Tr 11201411r New York. New York 10179 12121272.1000 STEARNS (212) 272.2030 INSTITUTIONAL INTERESTS NC #2 4 v? STATEMENT MEMO Mirth 29.2003 11402443m AEA 25.2003 Your Portfolio Holdings Ao:curr mAillEA 049.51980 251 CASH & CASH EQUIVALENTS TAXPAYER Mallet On The vat ITARIlma BANTA 28.2003 OLSCRIPTION STMIOUCUSip IMRIX7 ISTRIA= CUESEIrt WORM PaKt VMJR MINK INCOME 1no 1% CASH BALANCE 1,109,497 0 BEM STEARNS PRIME MONEY 89400 677.711.76 1.0000 677.712 7.658 1.1300 MARKET PORIT0u3 CL Y DIVIDEND REINVESTED 0 TOTAL CASH & CASH EQUIVALENTS 31.787.209 67958 m EQUITIES C Equities & Options in AMC MARKET IMAM CLITRENT OLSCEPTION SnalICOCESP TYPE a_ITT PRICE VALUE MEOW NODVC TIED CIO AOL TIME WARNER NC AOL CASH 100,000 13.3200 1.332,000 AMERICAN INTERNATIONAL GROUP NG CASH 25.000 54.7500 1.368.750 4.700 0.3434 INC BANK OF AMER CORP BAC CASH 30,000 72.5800 2,177.400 76,800 3.5271 CMGRCUP INC C CASH 27.375 38.4500 1.052.569 21.900 2.0606 r GOLDMAN SACHS GROUP INC GS CASH 12.000 75.8700 910.440 5.760 0.6327 INTERNATIONAL BUSINESS IBM CASH 20.000 83.8800 1.677.600 12,000 0.7153 kaciaeL5 CORP JCOINSON & JOHNSON JILT CASH 60.000 56.2100 3.372.600 57.600 1.7079 MBNA CORP KRB CASH 100.000 18.5500 1.956.003 32.000 1.7251 PFIZER INC PfE CASH 75.003 30.3700 2.277.750 45.000 1.9756 PROCTER & GAMBLE CO PG CASH 25.000 89.1400 2.228.500 41.000 1.8398 Total Equities& Options 518,252.609 9296.760 TOTAL EQUITIES _ 118,252.609 6299760 023 raem2.12 12 031 vt.43 Z6LZS£00 IN9 ANGS EFTA01322255 t8PSZZOO-V.L43 CtOuttO nntepoGn ITS VO4OLLY OVeliD tasOMv cfncE SEMIOTIC YOUR ACCOUNT Bear. Stearns & Co. Inc. Ow. Smarm 54n4r.es Co. De W400 NR Conn Mon BEAR 383 Mackson Avenue teeanr. re vY '2.0 .3839 New York. New Yolk 10179 (211) 272.1040 STEARNS 1212) 272-2000 INSTITUTIONAL INTERESTS A/C #2 5 01 STATEMENT PtROD //wen 29. 2003 Tm9V43n Apl 25.2003 ACCO.fro nou.S.Ht 049.51880 281 7.44,4rEn ntanan On FAO WT ETATEMEnT ?Arch 28, 2003 Your Portfolio Holdings (continued) YOUR TOTAL ESTIMATED ANNUAL INCOME 3304.418 0 YOUR PRICED PORTFOLIOHOLDINGS 520,039.818 -n Transaction Detail C in INVESTMENT ACTIVITY SETTIDADO MOE OEM DER TW45.0CDOPI OISCOPTOW SYMOUCUSIP OUNMIY PRICE DEW MOST OMIT mew 04/04/03 04/01/03 BOUGHT JOHNSON& JOHNSON JN1 10.000 58.23000 586688.58 DISCRETIONARY ORDER 000003 0401/03 BOUGHT MBNA CORP KRB 3.900 15.19000 59.796.51 DISCRETIONARY ORDER r PART OF 10000 SNR 000403 04/01/03 BOUGHT MBNA CORP KRB 6.100 15.18000 93A65.42 DISCRETIONARY ORDER PART OF 100005141 04/10/03 000703 SOLD VIACOM INC-CL VMB -5.550 41.33440 227.845 AO AVG PRICE SHOWN-DETATS ON RED ACTUAL CONTTIM TO YOUR AGENT CtSCRETONTRY CODER 04/15/03 04/10103 SOLD VIACOM INC-CL B NAB -8.325 39.15470 328.774.04 AVG PRICE SICEN.DETATS ON RED ACTUAL CONFIRM TO YOUR AGENT _ oisannyinne ORDER 027 04128/03.1212 001 1643 £6LZS£00 INS ANGS EFTA01322256 S8PSZZOO-V.L43 CLAM= DTROTOI ITS Divan' °WNW SUSSIDARY OFFICE SERVICING YOUR ACOXINT bus Shuns Salle. Gas Beer. Steams 6 Co. Inc. Cove kletrolich Cnn Aten BEAR 383 Madison Avenue Suit" Pi* York 11201.3439 New York, New York 10179 I2121 272.1003 STEARNS (712) 272.2000 INSTITUTIONAL INTERESTS A/C #2 6 a ? SIATDATTe PAIDOD march 29.2003 TITROADAT April 25.2003 Transaction Detail (continued) ADOCUST Twomen 049.51890 281 rm. yet POWER On No INVESTMENT ACTIVITY (continued) LAST STATISM March 28.2003 SITTIDANT MDT DATE DAR litU.SACTCPI DISCRIIDION SYLTS0V3USIP OcAsTrIV ROLE DEM MAOLNe MEDD AlICUPIT 04/16/03 O4/11/03 SOLD VIACOM INC-CL 8 VIA8 41.16230 340.437.76 AVG PRICE SHONNOETAILS ON MI ACTUAL CONFRM TO YOUR AGENT DtSCRETENART ORDER TOTAL 5.738.950.51 5897.057.20 0 MONEY FUND ACTIVITY -n DAR WDAT wasAcrozei CESOWCti SYmPalturo aware Matt OW MW.? CREDIT AAKTUT/T C 03/29/03 OPENINGBALANCE 677,028.81 rn 04/01/03 DIVIDEND EMERSINOLORCm°"EY B5& 682.95 RECORD 03/31/03 PAY 03/31/03 04/01/03 REINVEST BSA0O( 882.95 µ 682.95 MINAL0PItcmc'EY REINVEST PRICES 1.00 04/25/03 CLOSINGSMANCE 677311.76 r TOTAL 5.682.95 $682.95 DIVIDENDS DATE orsovenew swesxmow ouwA1TY RATE M DWI MOM war MONT 04/01/03 MBNA CORP KR8 90.000 0.0800 7,200.00 03/16/03 PAY 04101103 TOTAL 57,20000 _ 027 04Able031212 901 Y643 06LZS£00 N19 ANUS EFTA01322257 98PSZZOO-V.Ld3 CUM= THREtrpm rte rarer OATEO SIAISSDIART OFFICE SERVICING YOUR ACCOUNT Oar. Stan Sault!) Cap. Bear. Steams B Co. Inc. One tIerv.en Cn NON BEAR 383 1AaclIsce Avenue SnotRn. Nee Tat 11201.3859 New York. New York 10179 0 12)27Z-10TO STEARNS (21 2) 272-2000 INSTITUTIONAL INTERESTS NC 412 7 STA1TUrwr PER*, Atwell 29.2003 ntotr.. April 25. 2003 Transaction Detail (continued) Al:COURT +Massa 049-511930 281 TAXPAYER WOOER On rile INTEREST LAST sTATITIMMT Math 28.2003 DATE DESCRIPTOR CLAMMY SUE ME CERT AWcay. CREDIT MICOP 0421103 INTEREST ONCREDR BALANCE 0.7500 476.74 AT 0 314%0321 *Mu 0020 TOTAL $476.7 4 0 z -n End of Statemen C in z -H r _ 321 V643 S6LZSECIO IN9 ANGS EFTA01322258 L8P5ZZOO- V.L43 CLEAREO THROUGH ITS erOU.Y OVOHLt SUSSOVAY COTE SERVICING YOM ACCOUNT Stet Sterne Scala GOO. Boar, Steams a Co. Inc. Oft Itetereth Gain Pints BEAR 383 Madison Avenue Wittler. Pits *4111201.1833 New York New York 10179 1212127x.1000 STEARNS (212) 272-2000 INSTITUTIONAL INTERESTS MC #2 ACCOUNT DICUTNE GREENBERG.ALAN C. STATEMENT NORCO Mardi 1.2003 HUMANE (212)272-4605 04/COUC04 MMCII 28, 2003 ylSO OUR wElISITE www.bearsteams.com ACCOMI NUIAIRR 049-61880 281 What's In This Statement 1111111.itItel.11 TAXPAYIN WIRIER OK rue UST STAITJara Mtruary 28.2003 Financial Summary 3 INSTITUTIONAL INTERESTS NC f2 Your Portfolio Holdings 4 COf FINANCIAL TRUST COMPANY ATTN LARRY KEMP • Transaction U.S $ 6100 RED HOOK QUARTER Fund Activity 5 SUITE 8-3 Your Messages 7 ST THOMAS VI 00802 0 z ii C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL YAWL OP SECURITIES THIS PERIOD 17,566.061 Gmh 8 Equinkre —III $1420,43 $1.$85.954 z NET CREW BALANCE 943.714 817.588.061 MOWS MONEY MARKET Sum) BALANCE 677.029 $16.722.819 Current market value NET Mum 1NI8 PEMOO $19.186,804 III IAN staternenCs mane Value r NET EQUITY UST STATEMENT 18.308,773 CHANGE SINCE LAST STATEMENT 878.030 There are no 'Stop Loss' orders or other pencing buy or sell open orders on file for your account. _ Mesa* epee ens earteces erweesett el seeder et noel. tooled ft serene He cow. TN. sinners kr IrdenTetlealr Preen" Pty. nN Het litaraid ss • tar ecomst I* Can Sena el SOC-034-14.11: er war t> Lien Sauces et env lea Saari. 'on paten." ewe be rent. M yet ma's Me Milne ea Icenpfetai MMUI1OR Gem. Ore Ireiredirort Gear Nem Oael." N. RD .3U 96LZS£00 IND ANGS 02/ 01/29.03:11-10 COI Irt.42 EFTA01322259 8865ZZOOVida CLEARED TROUGH ITS w,csv Caste SLODDIARy Bear. Awns Satan 01, Qx UtritOtal CMS WM ►alt , Wye Yak 11201.3859 12121 272.1000 INS1MMONAL INTERESTS NC #2 0 z ii STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r _ 027 0.1/2901:11110 D01 VS42 L6LZS£00 IN9 ANGS EFTA01322260 68PSZZOO- V.L43 CLUREO neCtO. ns YINOLEY 0000 Su18.09.0. OFFICE SaviCING YOUR ACCOUNT Beer. Steams & Co. Inc. 11e0 Sterns Steuflat Cap. Cra Itercua. Oafs 800 BEAR 383 Wilson Avenue Ircce.r. New Yon. 112014109 New York. New Yak 10179 1212)2720000 STEARNS 1212) 272-2000 INSTITUTIONAL INTERESTS NC r2 3 al 7 STATEMENT PEROD March 1.2003 Tm901.1304 march 28.2003 ACCOJNT wan. 04941880 281 Cash Flow Analysis Income Summary 701220. MAW on Re ns P0001) DC IMO YEAR TO OAR LAST stouicia Ettrultry 28 2003 Opening Balance $909.556.38 Dvidencls 34,255.56 70.313.74 Crecit Balance Inc 532.42 3.673.49 Money Fund 630.56 Dividends/Interest Total $34,787.98 573.987.23 34.157.42 Amount Credited $34,787.98 Money Fuld -630.56 Portfolio Composition Amount Debited $430.56 CashCash Equivalent 1.620.743 Net Cash Activity 34.157.42 Equities 17.566.061 Closing Balance $943,713.80 Total $19,186,804 Your Portfolio Cash Balance Summary Allocation OPENNG 409.6 Cash 909,558.39 943.713.80 TOiNaGUNO0 NetCash Balance 3909.558.38 0043.713.80 92% u.09293 0.1a. *YON e.M Oen. ante INA mine. niat 71.. WPCS 04funlialt is *ems bn ine 9000 rilebel lea. carbra CO> O3.2893:11.19 001 2642 86LZSEOCIN9-ANCIS EFTA01322261 CULIalO ThetOlcoll 1111101.(Y °Me Sue40140, OFFICE SERVICING YOUR ACCC4MT Ow Nan StWilltS Beat. Steams & Co. Inc. Mekotta Cray IOU BEAR 383 Mad15441 Mena Ilreat88 Mrs Yon 118:11.311S9 New Yak. New York 10179 (2121 2781080 STEARNS (212) 272-2000 INSITIUTiONAL INTERESTS AC 42 4 r7 STAID/Era PERIOD Mitch 1.2°33 8480u3n Mardi 28.2003 Your Portfolio Holdings ACCOUNT WARR 019.51880 281 TAXPAY1:11 MAW On Fie CASH & CASH EQUIVALENTS US? STATINtrer Tetruary 28.2003 WHO 1311.11213) 1:81830 DESCRIPTION SHAOLCulte 01.8111112 PRICE MAE AM IN MCRAE NEW 80 CASH BALANCE 943,714 BEAR STEARNS PRIME MONEY B5M/CE 677,028.81 1.0000 677.029 7,921 1.1700 MARKET PORTECUO CL Y 0440ENO REINVESTED 0 TOTAL CASH & CASH EQUIVALENTS 51.620.743 57.921 -n EQUITIES C Equities & Options ACM HMV ESTIMATED CURRENT DISCRP1101. owe, in SNAKIJCUSIP Mt MCI VALUE anal INCOME RID 110 AOL TIME WARNER INC AOL CASH 100.000 11.3500 1.135.000 AMERICAN INTERNATIONAL GROUP AIG CASH 25.000 49.8500 1,246,250 4.700 0.3771 INC BANK OF AMER CORP BAC CASH 30.000 68.5800 2.057.400 76.800 3.7329 CMGROUP INC C CASH 27.375 35.4200 969.623 21.900 2.2586 r GOLDMAN SACHS GROUP INC GS CASH 12.000 70.1100 841.320 5.760 0.6846 INTERNAHONAL BUSINESS IBM CASH 20.000 80.7900 1,615,800 12.000 0.7427 mAcHWES CORP JOHNSON& JOHNSON JNJ CASH 50.000 57.3800 2,869,000 41.000 1.4291 REINA CORP KRB CASH 90.000 15.4800 1,393,203 28.800 2.0672 PFIZER INC PFE CASH 75.003 31.8100 2,385,750 45.000 1.8862 PROCTER & GAMBLE CO PG CASH 25.000 88.6400 2,216,000 41,000 1.8502 _ eat 03010111:10 001 WW2 66LZS£00 INS ANGS I 6tSZZOO- V.L.43 EFTA01322262 CLAMED ThROUGH ITS CA./..e0 Sufloulir CaTCE SERVICING YOUR ACCOUNT Bear. Stearin & Co. Inc. Me. Swans Sscflin Cap. Ow 1fterotedi Ortte rent BEAR 383 Madison Avenue Inotr‘ Paw Yet 11201.3859 New York. New York 10179 014 272.1000 STEARNS (212) 272-2000 INSTMMONAL INTERESTS NC #2 STARMI747 PSROO Myth 1.2003 THRCleuN marts 28.2003 Your Portfolio Holdings (continued) AOCOuril MAWR cessieso 281 ♦ARPAveR .../.8.0t On Fit us' STATUIENT Feasent 28.2003 Equities & Options (contisUIKO ACC* Warr (MUTED CUR*174 CESMIPMN SYUSOLCU9P MI 00.UanY MU VALUE AINUal WOW 11110 r,9 VIACOM INC-CL B NAB CASH 22.200 37.6900 836,718 Total Equities& Options 317.566.061 5276.960 TOTAL EQUITIES 517.566,061 5276,960 z YOUR TOTAL ESTIMATED ANNUAL INCOME 5284.881 m YOUR PRICEDPORTFOLIOHOLDINGS 519.186.804 m z Transaction Detail MONEY FUND ACTIVITY GATE MOCLAY TRAMACTION Of.502010/1 511490LPOUSIP OLAPOIN PR= r CWT Amon CMW MOM 03/0103 OPENINGBALANCE 676.398.25 03103/03 DIVIDEND BSLW( 630.55 WOW, tiEY he3"EY RECORD 02/28/03 PAY 02128/03 03/03/03 REINVEST 8SIAXX 830.58 630.58 alig&Fr AlSarni C/ M°PlEY REINEST Pfau $ 1.00 03/28103 CLOSINGBALANCE 677.028.81 TOTAL 5.630.56 5830.58 027 01,2803 19 001 ‘042 008ZSEOCIA19- ANGS rn 8 b.) IJ 10 IJ EFTA01322263 CLENKO THROW.. RS v..40.Ar 0."4D SUIMOMY OFFICE SERVICING YOUR ACCOUNT Om. Sena Maxim Cup. Bear. Steams & Co. Inc. One wooer carte wen BEAR 383 Madison Avenue Iliccept Her rot 11201.3955 New Ycek. New York 10179 8 12) 222.1000 STEARNS (212) 272-2000 INSTITUTIONAL INTERESTS NC 02 6e2 STATELM PERICO Minh 1.2003 MOWN March 29.2003 Transaction Detail (continued) ACCOArt ma* 049-51880 281 Mama Map On ne DIVIDENDS LAST STAMOrt 'Drury 28.2003 grl CCSOZPM SYMMOM a_ IN USE IS) Dom Amuse DIM AMOUNT 03/10/03 INTERNAD3NAL BUSINESS ISM 20003 0.1500 3.000.00 MACHINES 03AP REC 02/1003 PAY 03(10103 C) 03/11)03 JOHNSON& JOHNSON 50.000 0.2050 10.250.03 AEC 02/18/03 PAY ow les 0 03/21/03 AMERICAN INTERNATIONAL GROUP INC MG 25.000 0.0470 1.175.00 RFC 03)07)03 PAY 03/21)03 -n 03/28133 BANK OF AMER CORP BAC 30.000 0.6400 19.200.00 REC 03/07/03 PAY 01/28/03 TOTAL 531625.00 C in INTEREST DAtt CCS0aPrOd 1%! DEW MOW MDR Man 03/21/03 INTEREST ON CREDIT BAIALCF 532.42 Al 0 3/4% 02/21 THRU 03/20 TOTAL 5532.42 r 0]8/011119 MI 5142 TOSZSEOCIN9- ANGS 8 IJ V.) EFTA01322264 CUARSD 11400VOM Ira ?MOW. Owe) 0.4191138ARY °MU SEFMCING YOUR ACCOUNT Pew. Warts 580/15n Bear. Steams 8 Co. Inc. One 1.10/wch Cave 5839. BBIR 383 Madison Avenue liteityn sat Yon 11201.3859 New Ycik, New York 10179 (2121 212.1030 STEARNS (212) 272.2000 INSTITUTIONAL INTERESTS A/o 42 STAllialer 581900 Mirth 1,2003 11190041 nisch 28. 2003 ACCOUNT Nana 04941880 281 TA1cr•Arta mimed On ne Your messages :AST STATEVENT canary 28.2003 Bear. Stearns Securities Corp. Net Capital and Net Capital Pursuant to SEC Rule 11Ac1-6, please note the following: ma- Requirements: ca- Bear Stearns & Co. Inc. will post its quarterly routing statistics at the 0 At November 30. 2002 and January 31, 2003. the Companys net following web link: Mtp:ilwww.bearge8MS.COMi. capital of approximately 52.4 billion and 52.4 billion was 0 approximately 7% and 7% of aggregate debit items and exceeded Customers of Bear. Steams & Co. Inc. may request information on any the minimum regulatory net capital requirement of approximately order executed within the prior six months from the time of the request. 5716.3 million and 5684.1 milban by approximately $1.7 bilTion and Specifically. you may request the identity of the venue to which the $1.7 Nihon, all respectively. identified orders were routed for execution, whether the order was m directed by you to that venue, and the time of the executions, if any. that A complete copy of the Bear. Stearns Seaskies Corp. Statement resulted from such orders: of Financial Condition is available on the web site C hefit511550318 mm Alternatively. to request a free printed copy in please call - tall free - 1.866.299.9331. End of Statement r _ 021 0324031119 031 1542 ZOSZS£00 INS ANGS EFTA01322265 176VSZZOO-V.L.43 0.EARED THROUGH ITS vol0.11. OwNIE0 RAMCoke CFF10E SERVICING YOUR ACCOUNT But. SWUM Sesame C, Bear. Stearns lc Co. re. Ore lierexech Come NAT BEAR 383 Madison Avenue Wooer. Ms est 11201.3101 New York. New York 10179 2123 212.1000 STEARNS (212) 272-2000 INSTITUTIONAL INTERESTS MC *2 ACCOUNT MOTIVE GREENBERG.ALAN C. STATEMENT AMOS F &Nary 1.2003 1ILEFHCNE (212)272-1605 T1111COGN February 2& 2003 VISIT OUR WERMTE www.bearstearns.com ACCOUNT /AMBER 0494/880 281 What's In This Statement I tonna Nuteont Co FN MST STA112.41N, January 31. 2003 Financial Summary 3 INSTITUTIONAL INTERESTS NC 02 CA) FINANCIAL TRUST COMPANY Your Portfolio Holdings 4 ATM LARRY KEMP Transaction Detail 6100 RED HOOK QUARTER Fund Activity 5 SUITE B-3 ST THOMAS VI 00802 O m 5 Your Portfolio at a Glance Market Value of Your Portfolio m &&&& & &&„ .11 $1.585.954 TOTAL VALUE OF SECURMES THIS PERIOD 16.722.819 31.555.625 NET CREDIT BALANCE 909.556 518.722.619 Estabes MONEY SWUM RIND BALANCE 676.398 317.410.713 MO Current market value NET EQUITY MS PER100 $18.308.773 MI Lest satemenes motet Tait r NET EQUITY LAST STATEMENT 18.966.338 CHMIGE SINCE LAST STATEMENT -657.564 There are no 'Stop loss orders or other pending buy or sell open orders on me ror your account. _ e.$444. ma est ar.e.w .F. ne,, ereel re tress a suds tattled as et,...reC Tits unsay IS ter MenraMall Payne. M/.II S Mimeses na b[ scorn I* Clef Sreas SC0434.143S or trio La Cbn enreas ♦. W. lleant. roan.. TN* Catemet sivad ea rWMd fee yaw records See norm sek br &salsa letteraVt 0.e Nesse" Cent. ra.n. &moM N 1.2,1-31.9, 027 0301j03:1332 CO1 'tai £08ZS£00 IND ANGS EFTA01322266 S6VSZZOO- Vida =ARM TMOLC11 rrS AmOur Ossf.0 Si-AMWAY Bat Sums &Awn Cos orN lAnmat axe Nosh Ames. Ni. ;A 20 ISM R121212.1000 INSTITLMONAL INTERESTS NC #2 0 z m STATEMENT BACKER IS PRINTED ON THIS PAGE 0 m z H r 007 03/01A113 12 001 VO8ZS£00 V\19 ANDS EFTA01322267 96PSZZOOV.L43 CIENTED 71010LCK US 140tLV CVOCD SUISOVRY OFFICE SERviCiNG YOUR ACCOUNT Bear. Steams & Co. Inc. M. Steers Scants 080. Ore Venstoll One S BEAR 383 Madison Avenue antaldrk Nee at 20 311 New Yak. New Yoce 10179 t212) 272.1020 STEARNS (212) 272-2CCO INSTITUTIONAL INTERESTS NC #2 3 ,4 e STATEI4ENT PERZO Febnary 1.2003 THROUGH fetnvy 28.2003 ACCOLNT SIAS&R 049-51880 281 Cash Flow Analysis Income Summary MOAK* Waft On Me nes new DC PERIOD 1W10 041k UST STATOSENIT Airmail 31.2003 Opening Balance 5879.944.72 Dividends 29,758.18 38.058.18 Credit Minos Int. 571.85 3.141.07 Money Fund 718.18 Total 530,329.84 $39.199.25 Diddenisnntereat 29.611.68 Amount Credited 530.329.84 0 Money Fund .718.18 Portfolio Composition z Amount Debited S-718.18 CashCash Equivalent 1.585.954 -n Net Cash Activity 29,611.66 Equities 15,722,819 C Closing Balance 5909,556.38 Total 518 308,773 in z Your Portfolio Cash Balance Summary Allocation COON) CLOSING Cash 879.944.72 909.556.38 r Cash & Toone:se Net Cash Balance 5879,944.72 5909.555.38 8% Equ-Cies 92% 1.1.4,44•3 preqn. ova. awl bab, te aWn Vet nun .but won, 4 clornrod Al a'ficiait ;Mal ots C rov netba) 027 03.0103 13 32 CC1 SOSZSEOCIND- ANGS EFTA01322268 =ARM MOLAR rrs WrICCLY OWNED SAISOVAY OFFICE SERVCING YOUR ACCOUNT Best. Steams & Co. Inc. Me Sim* Se0itSti Cap Ow lierLAKh Cats BEAR 383 MadIRD Menus west.% line an 20 Tan New Yak. New York 10179 CM) 2724020 STEARNS (212) 272-2000 INSTITUTIONAL INTERESTS NC *2 4 as STA113.ert rtioco Fatuity 1.2003 THROWN Feeney 28.2003 Your Portfolio Holdings AIXOtliT RORER 048-51880 281 CASH & CASH EQUIVALENTS TAXPAYER KAMER Cr at LAST suirupa January 31.2003 WW1 MIMED CAREW orscomos STMEOLOJEP OMER! MIEE VY1A MIRK MDSE VELD RE CASH BALANCE 909.556 BEAR STEARNS PRIME MONEY 894:0( 676.398.25 1.0000 676.398 8.184 1.2099 MARKET PORIFC03 Ct V 0 onnoERD REINVESTED TOTAL CASH & CASH EQUIVALENTS $1.585.954 58,184 -n EQUITIES C Equities & Options in ACCT WARM !STEWED WNW oescrarnew SYNSCIA:USIP ME WARM PACE MIA WAS INCOME DOD Ei8 AOL THE WARNER NC AOL CASH 103,000 11.3200 1.132.000 AMERICAN INTERNATIONAL GROUP AZ CASH 25,000 49.2900 1.232.250 4,700 0.3814 NC BANK OF AMER COPP BAC CASH 30.000 69.2400 2.077,200 76.800 3.8973 CMGROUP INC C CASH 27.375 33.3400 912,683 21,900 2.3995 r GOLDMAN SACHS GROUP INC GS CASH 12.000 69.4500 833,400 6.760 0.6911 INTERNATIONAL BUSINESS IBM CASH 20,000 77.9500 1,559,000 12,000 0.7897 mA094ES Caw JOHNSON& JOHISON JIU CASH 50.000 52.4500 2.622.500 41,000 1,5634 MBNA CORP KR8 CASH 90.000 138500 1,246.500 28.800 2.3105 PFIZER INC PEE CASH 75.000 29.8200 2.236.500 45.000 2.0121 PROCTER & GAMBLE CO PG CASH 25.000 811000 2.048.500 41,003 2.0034 _ 908ZS£00 INS ANGS 027 osiouskis:32 co1 Vail EFTA01322269 86VSZZOO-V.L43 CulAps0 nE110101 RB Yo•OILY Ovegf.0 SIJOSOW1Y MCC SERVICING YOUR ACCOUNT I-. Swerns Secultot Caq Bear. Steams & Co. Inc. Oat Iterawch Colts Wet BEAR 383 Mason Avenue hider. Nee net ii201.30.10 New Yorks New York 10179 Ma 272.1000 STEARNS 1212) 272.2000 INSTITUTIONAL INTERESTS NC M2 5 0/6 STAMEN? PER00 Eebnory 1.2003 7w10o0.4 Fobikary 28.2003 Your Portfolio Holdings (continued) .CCOvErt rata" 049.5/880 201 Tionetpt to.m8E/1 Co FEE LAST rAnyteNy January 31.2003 Equities & Options (=trued) ACC MEOW' ESTEMZEO [UMW NSCESP11:01 SwEICl/CuS31 TYPE CORM! MI MIK WEAL 11.30.1E MON VIACOM DIC.Ct B VIAB CASH 22.200 37.1300 824.286 Total Equines& Options $1872Z819 $276.960 TOTAL EQUITIES 516.722.819 $276,960 O YOUR TOTAL ESTIMATED ANNUAL INCOME 5285,144 11 YOUR PRICED PORTFOUOHOLDINGS 918408.773 m Transaction Detail z MONEY FUND ACTIVITY DATE r Mita 711VIS.0311 DESCAIPTION sm.:mousy COWIN MICE COE MONO EMIT MOUNT 02101433 OPENINGBALANCE 875.880.07 02103/03 DIVIDEND BSMXX 718.18 M ATgErrlaaR IK EYMCNEY RECORD 01131/03 PAY 01/31/03 02/03103 REINVEST BSMU 718.18 718.18 BiZEMINSINEyrce REINVEST PRICE 1.00 02/28/03 CLOSINGBALANCE 676.398.25 _ TOTAL S-718.18 $718.18 027 0101/031333 CO1 1441 LOSZS£00 INS ANGS EFTA01322270 66VSZZOO-V.L43 CLURED THROJOH ITS WHOLLY OWPC IMPSOV‘RY OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc tut. Stems SMASH CeP. Ow MOTCOICh Cele Not BEAR 383 medium Avenue ertelAn. Ism Ywt 11201.1859 New ?wk. New York 10179 C2121 212.1020 STEARNS (212) 272.2000 INSTITUTIONAL INTERESTS NC *2 6 at STATEMENT PERM February 1.2003 ',TROUGH February 28.2003 Transaction Detail (continued) ACCONT IO81R 0418311380 281 TAXPAV1R IRA ER G, F110 DIVIDENDS LAST siAnnawr January 31.2003 DATE cescernoN SVAIOUCIZIP 0080R/ Rat CO DINT PAIOUNI CREW MONT 02/03/03 TYCO INTERNATIONAL LTD TIC 50.000 0.0125 625.00 REC 01/02/03 PAY 02003/03 0 02/14/03 PFIZER INC PFE 75.000 0.1500 11.250.00 REC 01/17/03 PAY 02/14/03 0 02/14/03 PROCTER 6 GAME CO PG 25,000 0.4100 10.250.00 REC 01/24103 PAY 02/14/03 02/27/03 GOLDMAN SACKSGROUP INC GS 12.000 0.1200 1.440.00 REC 01/28:03 PAY 02/27/03 m 02/28/03 CMGROUP INC C 27.375 0.2053 5.475.00 REC 02003333 PAY 02/28,03 C TOTAL $29.040.00 in INTEREST DAR CCAPIPIEN S.V8O,CLSP OUARATT RATE RP OBIT MAWR Otte mann 02/21/03 INTEREST ONCREDIT BALANCE 0.7500 571.66 AT 03/4% 01/21047U 02/20 TOTAL 3S71.66 r STOP End of Statement 021 0101.3113 32 001 Vtvil 808ZSEOCIND- ANGS rci 8 b.) IJ EFTA01322271 (AWED THROUGH as vartu. OWNeb SUILIOVX1 OFFICE SERvICING YOUR ACCOUNT Beer. Steams & Co. Inc. Bar Stan Toanues C . Olat ababtaal OBS .9585 BEAR 383 Madison Avenue Ito9085 Neve of 20 3359 New Yak. New Yak 10179 [2110 2724080 STEARNS (212) 272-2CCO INSTITUTIONAL INTERESTS NC *2 ACCOUNT MOAK GREENSERG.ALAN C. STATTAIV47 lafROO 10•11817 1.2003 TELEPHONE (212)272.4605 71.121.)20.1 i3M1417 31. 2003 nail OUR wEBSITE www.teenteems.com ACCOLAft •JUSER 049.518150 281 What's In This Statement Ilnrllrrdrfill' Li TA.baAatat POIMER On FlIc LAST VATTMENT Cecembe. 31. 2002 Financial Summary 3 INSTITUTIONAL INTERESTS NC $2 Your Portfolio Holdings 4 GO FINANCIAL TRUST COMPANY ATTN LARRY KEMP Transaction Detail S 6100 RED HOOK QUARTER Fund ACtiWty 6 SUITE B-3 0 Your Messages 7 ST THOMAS VI 00802 0 m C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL VALUE Of SECURITIES MIS PERIOD 17.410.713 Cash & Egan's& —III 31.655.626 $1.413.457 NEI CREDIT &AMU 879.945 Equities 317.410.713 MONEY MARKET FUND IMLANCE 675.680 S18.116.200 Correa rwetet value NET mainly MS Plim00 $18.966.338 last siatencra marks, abs r NET EOUrre LAST STAITIAENT 19.529.785 OmNOE SINCE LAST STATEMENT -563.447 There are no 'Stop LOSS* atlas or other pending buy or sell open orders On tile for your account. _ Nm taw an, eeinece a Nowearfa a <Nolan:a b55Caled as ataateta b y04 TM ,.nw • to .Minn: 25890555 art/ S nto elltflOe 0 as a taseasursa. b Caort Swam Y =4641428 ex *at& b Oen Wet= al Mo. Serf Se2a.tel t an agent., woa be reanta te Yarrows S r.nne eb ker.:nal en*, Cap. Das yath Canape Noe. trockarn al 201-.1**. 027 C2,0103.'S 3$ 001 VM 0 608ZSE00 IN9 ANOS EFTA01322272 I055ZZOO-V.L.43 CLOMP 114.00314 rrs %.0.4.Y WOO) SUOSOVAV Oar. Ran SKIMS CoO. One 1/4001021 Ono Math Brod" tOm Tot 11201a m23272.1002 INSTRUTONAL INTERESTS NC 02 2 z m STATEMENT BACKER IS PRINTED ON THIS PAGE ci m z H r 02> 02AW03:16.16 021 V640 OTSZSE00- IND- ANGS 8 KJ IJ IJ EFTA01322273 CLEWS tritOtAll NS 1.000.1 ON7i.D SUINIOVin, OFFICE SERVICING YOUR ACCOUNT Ow. %NM Semmes cov. Bear. Stearns E Co. Ic. On - Orbs New BEAR 383 Madison Avenue boat" Now vat 11201.3019 New Ycek, New York 10179 12121 272-1000 STEARNS (212)272.2000 INSTITUTONAL INTERESTS MC o2 3 nt STATENENT PERM ran.ary 1. 7CO3 THRONG, January 31.7003 ALCOar WYNN 04%51880 281 Cash Flow Analysis Income Summary !WAWA m.Mell Cn FII net rtiv00 TO PROD IDR TOP% VST STATtNENT December 31.7037 Opening Eta lance 5738.561.03 COndends 6,300.00 6.300.00 Credit Balance ht. 2,569.41 2369.41 Securities Sold 846.629.35 Total 58,869.41 $8,869.41 Money Fund 753.62 Dividends/Interest 8.869A1 0 Amount Credited $856,262.38 z Portfolio Composition Securities Bcoctit ,714,115.07 Casr'Cash Equhroknt 1.555.625 ii Money Fund -753.62 Equities 17.410.713 Amount Debited $-714.868.69 C Total $18.966,338 Net Cash Acthity 141.363.69 in z CloalnRFIalance 5879.944.72 Your Portfolio Allocation Cash Balance Summary r OPENING ClOSIk6 CAM & Equivalent 8% Cash 738.561.03 879.944.72 Net Cash Balance 5738.561.03 5879,944.72 Equines 92% UY`aN0 pfely. OM* OW YNro of Nye, 70Natw,r 7- Aran MCMY} &Nan can Ye aa✓JI meg*, nil. at K✓ pat ,. 027 02/01/03:10.16 CO1 %TAO ITSZSEOCIND- ANGS rn 8 PJ La EFTA01322274 CALM= ~MCA M. ØY OARED SulOORRY 0FFIC SERmEiNG YOUR ACCOUNT W. Swans Sec/Des CRT Bear. Steams & Co. Inc. OM mtwah Caper ARR. BU1R. 383 Madison Avenue Erecitip We Yen 117014149 New 'Wk. New York 10179 (2121272.1000 STEARNS (212) 272-2000 INSTITUTIONAL INTERESTS NC #2 4 ci IRWTHAIER PO= MARY') 1.2003 TAROXix Jana) 31. 2003 Your Portfolio Holdings AOXIAPT W.AUR 049.51980 281 CASH & CASH EQUIVALENTS TAXPAYER µAIER Co Fie neTrerwr December 31.2002 MARKET ESTIMATED CURK/11 IXSCROTO. SYM8OUCURP ~ITT( Met YAM ~AL ACME YIELD 111) CASH BALANCE 879,945 BEAR STEARNS PRIME MONEY aspArx 675.680.07 1.0000 676680 8.311 1.2300 ~ET PORITOLE CL Y ØN0 RONYESIED TOTAL CASH & CASH EQUIVALENTS 51.555.625 58.311 -n EQUITIES Equities & Options in ACiI "Xi ESTIMATED CAMP« DISCPSOON SYLIIKROJER RPE OLIMMIY ARK/ StW.IE AMARA ROYAL REID (%) AOL TIME WARNER INC AOL CASH 100.000 11.6800 1,166.000 AMERICAN INTERNADONAL GROUP MG CASH 25.000 54.1200 1.353.000 4,700 0.3474 INC BANK Of AMER CORP SAC CASH 30.000 70.0500 2.101.500 76.800 3.6545 CITIGROUP INC C CASH 27.375 34.3800 941.153 21,900 2.3269 r GOLDMAN ØS GROUP INC GS CASH 12.000 68.1000 817,200 5,760 0.7048 INTERNATIONAL BUSINESS IBM CASH 20.000 78.2300 1,564.600 12.000 0.7670 I/Age/ES CORP JOHNSON& JOHNSON CASH 50.000 53.6100 2.680.500 01.000 1.5296 IABNA CORP KRB CASH 90.000 16.8300 1.514.700 28.800 1.9014 PFIZER INC PPE CASH 75.000 30.3800 2.277.000 45.030 1.9763 PROCTER & GA/ABLE CO PG CASH 25,000 85.5700 2.139.250 41.000 1.9166 027 07.01,03:1A36, 002 v640 ZISZSE00- IN9- ANGS rn IJ IJ EFTA01322275 WACO TNROLp3m RS ',MOW( Conf.)) SuliSCNOw OFFICE SERVICING YOUR ACCOUNT Ow Sion Seam Cap. Bear. Steams /I Co. Inc. One - Carts North BEAR 383 Madison Avenue Omen Nov VP 11201.3859 New net New Yoh 10179 (212) 212.1000 STEARNS (212) 272-2000 INS11TU110NAL INTERESTS MC #2 STAMICNT oren00 MINS, 1.2003 ownouGN mn.ory 31.2003 Your Portfolio Holdings (Continued) ocCCIAT %WM 049-518ao 281 TAXPANER NtAMER On File LAST 17frature DeCenter 31, 2002 Equities & Options (continued) Aar War ESIWATED WORM COOPTC14 5,10801/CUSP TYK @Won p0 tf MI MAK 00:01E HID 00 ViACOm INC-CL B VIAB CASH 22.200 38.5500 855.810 Total Equities& Options 517.410.713 5276060 TOTAL EQUITIES 517.410,713 $276.960 0 z YOUR TOTAL ESTIMATED ANNUAL INCOME 5285.271 -n YOUR PRICED PORTFOLIOHOLDINGS 518.966.338 C in Transaction Detail z INVESTMENT ACTIVITY SEMDA0/1 WOE OAR DACE TOMSACION OISCRONOON SYMOCCOCUSP OMEN ACE OM MOUNT CREW MAXON r 01/06,03 12/31/02 SOW TYCO INTERNATIONAL LTD TIC -12.500 17.01650 211,449.84 AVG PRICE SHEAMIT-IXTMIS ON RIO ACTUAL CONFIRM TO YOUR AGENT CeSCRETIONARY ORDER 0106/03 12131/02 SOLD TYCO INTERNATIONAL LTD IYC -12.500 17.15090 213.129.79 AVG PRICE SHOWN-DETAILS ON REO ACTUAL CONFIRM TO YOUR AGENT CISCREIONARY ORDER 01/07/03 01/02/03 SOLD TYCO INTERNATIONAL LID IYC -25.000 18.98250 422.049.72 AVG PACE SHONM.OEIMLS ON RIO ACTUAL CONFIRM TO YOUR AGENT _ DISCRETIONARY ORDER 027 OIAMICancas COT van ETSZSE00 IND ANGS 5055ZZOO- V.L43 EFTA01322276 REAMED Tenet°. III Ware Ovrteet StaioNARy OFFICE SERVICING YOUR ACCOUNT Otar Seam Sans Cap. Bear. Stearns .3 Co. kit ON Manna. Cover Wen BEAR 383 Madison Avenue Itoettr. Wee Volt 112014149 New York. New York 10179 0121272/ STEARNS (212)272.2000 INSTITUTIONAL INTERESTS NC *2 6a STRITNIIIN PERIOD Amery 1.2003 Nowa. latuilry 31.2003 Transaction Detail (continued) ACCO4N+7 ROMER 0.49-51083 281 TARPANIR µ1R&R On Tile INVESTMENT ACTIVITY (00(06099 tAST STATEuEs7 Decernta 31. 2032 SETTLEMENT Ilt/OE DATE DATE IltAXSACOTN OISCRP71014 SYMO0101/ 111 OUitarrt PRICE DEORAANOW OREM AWCINI 01/10/03 01107/03 BOUGHT AOL TIME WARNER INC AOL 50.000 14.16000 714.115.07 AVG PRICE SHOWN-MAILS ON REQ 0 ACTUAL CONFIRM 10 Tail AGENT ERSCRETIONARY ORDER 0 TOTAL $.714.115.07 5846.629.35 MONEY FUND ACTIVITY -n an waver TPANSKTION DESCRIPTION SIVNOUCUSP OtIONITT 04l CON NADINT 01180 MOM C 01/01/03 OPENINGBAIANCE 674.926.45 in 01/02)03 REINVEST EMERSORWAD"EY BSIA:Of 753.62 753.62 REIWEST PRKE S 1.00 01/02)03 DIVIDEND BEARalkn o PRtAEyMONEY EtS&COC 753.62 RECORD 12/31/02 PAY 124102 DICWEIED IN 2002 1099 r 01/31/03 CLOSINGBALANCE 675 680.07 TOTAL 5-753.62 5753.62 DIVIDENDS DATE DESCRWTION SVINICIAXISP ahem rem is) can AMOUNT CREPT MOM 0102/03 MONA CORP KRB 90.000 0.0700 6300.00 RTC 12/1302 PAY 01/01)03 TOTAL $6.300.00 _ VT8ZSE00 INS ANGS 027 011)1.01:15-36 001 V640 EFTA01322277 90SSZZOO-V.L.43 Wall° meows. ns VAINLY OatO SOMOORY Orra SERVICING YOUR ACCOUNT Bear. Steams I. Co. Inc. W. SOY. Nana Calk Ove Isaala Cast WM BEAR 383 Madison Avenue Wont" we rpA 11201aa New Yea. New Yak 10179 131st 272.11103 STEARNS (212) 272-2000 INSTITUTIONAL INTERESTS A/C *2 7✓7 ATATINaT Pefe00 lamely 1. 2003 TaNSOM January 31,2003 Transaction Detail (continued) ACCOV7tr 7.7J7MER 049.51880 2131 TAXPAYER NNW On tie INTEREST NKr STATDANT Decanter 31, 2002 an otscRont% SY1.001.0.61P COINITV MR MI CCM ...MC caw /SCOW 01/08/03 Mai CRIM 621/02 -12120/02 1,999.60 TO C 1/2% 01/21103 INTEREST ON CREDIT BALANCE 0.1250 25.24 AT 0 ireis 12/21 lieu 12/30 01/21.03 INTEREST ON CREDIT BALANCE 0.7500 416.28 0 AT 0 3/4% 12/31 THOU 01/20 01122/03 AOJ CR INT 12121.12130102 126.20 10 3/4% -n TOTAL S2 588 41 C in Your messages z The imerest, if any, charged to yOrl aCCOunt during December 2002 was computed on the net debit balance through December 30. The interest. If any, Charged to you account r during January 2003 is computed from December 31, 2002, End of Statement 031 0101/03.15 36 001 a1C1 STRZSEOCIN9- ANGS EFTA01322278 SDNY,M,352816 CONFIDENTIAL EF7A_0[I225508 EFTA01322279