EFTA00195104

Statements EFTA00195104 CLEARED 1HRCO3H ITS WHOLLY 01MHEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beat. Steams SOCA*. COO. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ciao Mettotech Center Noah Brock/on. Noe Yet* 11201.3859 STEARNS EPSTEIN INTERESTS STATEMENT PERK* November 29.2003 ACCOUNT EXECUTIVE ZI:',HERMAN.IRA TELEPECCE THROUGH December 31.2003 VISIT OUR WEBSITE 6.hw.uea'stearrs.com ACCOUNT NUMBER What's In This Statement IllllllIIlIllllllllllllllllllllllllllllllllllllllllllllllIII TAXPAYER NUMBER CO File LAST STATEMENT November 28.2003 Financial Summary 3 EPSTEIN INTERESTS Your Portfolio Holdings 4 DTD 12/26/91 Transaction Detail 5 JEFFERY E EPSTEIN & MARK L Fund Activity 5 EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR Your Messages 6 NEW YORK NY 10022-6843 Your Portfolio at a Glance Market Value of Your Portfolio Important Message II any information regarding Cash & Eganlent $845.158 NET CREDIT BALANCE 3.458 2003interest. dividends. $844.527 miscellaneous income. MONEY MARKET HAND BALANCE 841.698 gross proceeds or original El Current market value issue discount is required WA Last statement's market value to be reported to the IRS for NET EQUITY THIS PERIOD $845,156 this account. a Consolidated Form 1099 NET EQUITY LAST STATEMENT 844.527 will be mailed to you by February 2. 2004or a 1042S CHANGE SINCE LAST STATEMENT 629 by March 15.2004. 'Rd portfolio melodies ono or mom unlaced martin rat me at needed rite Taal Yarue of Secybos and the Not Ewe/ This Pima& There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Nemo copal oaf dfferanoe a contacted of flees or stocks. mitigated as deltrotod to p5u. OkOoteeni poem ***bra Mended as Um 000•Yert to Gaol Sane*. of 800134-1428: a ymto to ChM Sankt. a 8020. Steam Situates Cap.. One lAttokyli Cooler North. BrooNyn. NY II201-SeSS gi r TinSower,/ Tin statement abOted be reamed for veer Mardi. Sn Mine Sofa 'TOMMY ItHermatem 027 01,0104:12:54 001 Yale EFTA00195105 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SBN•Ilkl COO. Ceol.letioloch Cantot North Broeklln• New Volt 11201.3859 EPSTEIN INTERESTS 2 or e STATEMENT BACKER IS PRINTED ON THIS PAGE 027 001.04:12:54 001 Y818 EFTA00195106 CLEARED THROUGH ITS WIIOUY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns S0N•44,1 Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Ore Mevolech Center NOM Beccidon. New Volt 11201.3859 STEARNS EPSTEIN INTERESTS 3 al r; STATEMENT PERIC10 November 29.2003 THROUGH December 31.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WEBER Co File 1145 PERIOD YEAR TO DATE THIS PERIOD LAST STATEMENT November 28.2003 Opening Balance $3,458.06 Dividends 629.25 8.308.84 Credit Balance Int. 0.00 49.78 Money Fund 629.25 Total $629.25 $8358.62 Amount Credited $629.25 Money Fund -629.25 Amount Debited $-629.25 Portfolio Composition Casbleash Equivalent 845.156 Closing Balance $3.458.06 Total $845.156 Cash Balance Summary OKI. NO CLOSINO Your Portfolio Cash 3.458.06 3.458.06 Allocation Net Cash Balance $3.458.06 $3.458.06 Cash & Ecwalent — 100% UnsPoled morons denote oar Dionce *nee Iho•I mane ',Mae The oinoom ;event'', ty awed low Ow 00101.te market rat), al yes palloo 027 01/01.04:12:54 001 Y8I8 EFTA00195107 CLEARED THROUGH ITS Nutty, OW,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beef. Szekos Seorthei GNP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 OtoMetsetech Center North &W00% New Ye* 1201.3869 STEARNS EPSTEIN INTERESTS 4 vi STATEMENT PEF000 NOvemte 29.2003 THROUGH December 31.2003 Your Portfolio Holdings ACCOUNT NUMBER - CASH & CASH EQUIVALENTS TMPAYER MASSER On Fite LAST STATEMENT November 28.2003 MARKET ESTIMATED CURRENT DESCRIPTION SIMBOLCUSIP OUANDTT PRICE VALUE MNUIL WOW YELO 119 CASH BALANCE 3.458 BEAR STEARNS PRIME MONEY BSP.00t 841,697.77 1.0000 841,698 7.744 0.9200 MARKET PORTFOLIO CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS $845.156 $7,744 EQUITIES Equities & Options ACCT MARKET ESTMATED CURRENT DESORPTION SYSIBOUCUSIP ME mum PRCE VALIE ARMIN. INCOME YEW 1%) BANPAIS SA-SP0NS0REDADR BPIBY CASH 20,000 ',noticed REPSTG 6 SER L SHS Total Equities& Options SO SO TOTAL EQUITIES $0 so YOUR TOTAL ESTIMATED ANNUAL INCOME 57,744 YOUR PRICED PORTFOLIOHOLDINGS $845,156 02/ 01/01N14:12:84 001 vela EFTA00195108 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, 14,1 Cory. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 OtoMetioloch Contof North BrodCon. New Ye* 112014559 STEARNS EPSTEIN INTERESTS 5 STATEMENT PERIOD November 29.2003 THROUGH December 31.2003 Transaction Detail ACCOUNT NUMBER TAXPAYER KINSER On He MONEY FUND ACTIVITY LAST STATEMENT November 28.2003 DATE MODAY TRAN,S4CION DESCRIPTION SYMBOliCvSIP OUANMY PFCE DEBIT AMOUNT CREDIT AMOUNT 11/29/00 OPENINGBALANCE 841,068.52 12/01/03 DIVIDEND BEAR STEARNS PRIME MONEY BSAIXX 629.25 MARKET PORTFOLIO CL Y RECORD 11/28103 PAY I 1/28/03 12/01/03 REINVEST BEAR STEARNS PRIME MONEY 629.25 629.25 MARKET PORTFOLIO CL Y REINVEST PRICE $ 1,00 12/31/03 CLOSINGBALANCE 841,697.77 TOTAL 8-629.25 $629.25 027 01/01.44:12:S. 001 Yale EFTA00195109 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs S0C,r44,1 Dap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 0 -41km:tech Cella North Beccidon. New Ye* 11201.3559 STEARNS EPSTEIN INTERESTS 6 STATEMENT PERIOD November 29.2003 THROUGH December 31.2003 ACCCUNT summit TAXPAYER WESER ON Foe Your messages LAST STATEMENT November 28.2003 As part of the National Association of Securities Dealers (NASD) Investor la" Education Program, you may obtain information on the NASD's Public la" Excess SIPC Account Protection Update Bear, Steams Securities Corp, (BSSC'), a member of the Securities Investor Disclosure Program by contacting the NASD at telephone number (800) Protection Corporation ('SIPC'), provides account protection for the net equity 289.9999 or via the intemet address which is www,nasdr,com, In addition, a of a customer's funds and securities positions. SIPC provides $500,000 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 ("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 York insurance company. Account protection applies when a SIPC member firm fails financially and is unable to meet its obligations to its securities 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, foreign exchange transactions, or any investment contracts that are not registered as securities. End of Statement 027 01,01.00:12:54 001 1/818 EFTA00195110 CLEARED THROUGH ns WHOU.Y 01W.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 84N . Sterns SOCtrititt COO. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York Nee York 10179 Coe lientech Center Noah 8tCCidel. Nee Yea 1120/3959 STEARNS EPSTEIN INTERESTS STATEMENT PERIOD NOVerilter I. 2003 ACCOUNT EXECUTIVE ZIC,REHMAN.IRA TELEPHONE THROUGH Novernter 28.2003 VISIT OUR WEBSITE ei.mv.uea'steams.com ACCOUNT NUMBER What's In This Statement TAXPAYER NAPIER On Pee LAST STATEMENT October 31.2003 Financial Summary 3 EPSTEIN INTERESTS Your Portfolio Holdings 4 DTD 12/26/91 Transaction Detail 5 JEFFERY E EPSTEIN & MARK L Fund Activity 5 EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022-6843 Your Portfolio at a Glance Market Value of Your Portfolio Cash & Equvalent — 4844.527 NET CREDIT BALANCE 3.458 arfrrni", ,,,,, $843.881 MONEY MARKET FUND BALANCE 841.069 Current market value ME Last statements market value NET EQUITY THIS PERIOD $844,527 NET EQUITY LAST STATEMENT 843.881 CHANGE SINCE LAST STATEMENT 646 'MS portfolio mcludes ono or moro errata SOCutOOS rat we me release rte TOM Yea of Semabos and Om Not Ewe/ This Poriat There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. P10.50 repeal oaf dfferocoe a rotwooziot of duds or MOCKS. oldIC0100 as &Orme to p5u. lo Cleat Sonic*. at K0044428: a ymin to Clam Services a Boot. Steam &curries Cap.. Caw lActok,d , Coolly North. BrooNyn. N.Y. II2014959. SI T e tay.wy*rotnremnlM.W POMO cob It Is rot Needed natal doomed Res saternera ORM be read for your mortis. Sec worm role for neaten atormatoo 021 1029.0303:43 001 Y818 EFTA00195111 CLEARED 1NROUON RS YrisekLY 0"E0 SUBSIDIARY Beer. SZeirns SON, 14,1 COO. Ceol.letioloch Cantot North Broeklln• New Ye* 11201.0859 EPSTEIN INTERESTS 2 of s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 11#2903:08:43 001 Y818 EFTA00195112 CLEARED THROUGH ITS vn10LLY CAM‘.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns S0N, 14,1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Nee York 10179 Ore Movelech Conte NOM Beccidon. New To* 11201.3859 STEARNS EPSTEIN INTERESTS 3 ci STATEMENT PERIOD November taxa THROUGH November 28.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER Ofl File THIS PEPI00 116 PERIOD YEAR TO DATE LAST STATEMENT °MOM 31.2003 Opening Balance $3.458.06 Dividends 645.48 7,679.59 Credit Balance Int. 0.00 49.78 Money Fund 645.48 Total $645.48 $7,729.37 Amount Credited $645.48 Money Fund -645.48 Amount Debited $445A8 Portfolio Composition CasArCash Equivalent 844,527 Closing Balance $3,458.06 Total $844,527 Cash Balance Summary OPENNO CLOSINO Your Portfolio Cash 3.458.06 3.458.06 Allocation Net Cash Balance $3.458.06 $3.458.06 Cash & Eceinalent — 100% Unlade(' morons denote oar Deena *nee Or, mane wan', The elocal✓r ;event'', ty awed km Ow o01OIGa market rat), 01 IN palloo 027 11#2903:08:43 001 vsI8 EFTA00195113 CLEARED THROUGH ITS witekLY 1h.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Best. Neon Seonmi COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 0-41km:tech Contm North BredCon. New Ye* I1201.38S9 STEARNS EPSTEIN INTERESTS 4 cis STATEMENT PERIOD Noventer 1,2003 THROUGH November 28.2003 Your Portfolio Holdings ACCCUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER MASER On File LAST STATEMENT WOW 31.2003 MARKET ESTIMATED CURBS'S' DESCRIPTION SIMBOLCUSIP QUANTITY PRICE VALUE MNUIL WOW YELOD4 CASH BALANCE 3.458 BEAR STEARNS PRIME MONEY BS WC< 841,068.52 1.0000 841,069 7.570 0.9000 MARKET PORTFOLIO CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS $844.527 $7,570 EQUITIES Equities & Options ACC! MARKET ESTIMATED CURRENT DESCRIPTION SYAIBOLUSIP 'PPE ovum PRCE VNIE ANATOL INCOME YEW 1%) BANPAIS SA-SP0NS0REDADR BPIBY CASH 20,000 'Merited REPSTG 6 SER L SHS Total Equities& Options $0 $0 TOTAL EQUITIES SO YOUR TOTAL ESTIMATED ANNUAL INCOME $7.570 YOUR PRICED PORTFOLIOHOLDINGS $844,527 027 II 2103:08:43 001 'eels EFTA00195114 CLEARED THROUGH ITS 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOCwititi Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Mevolech Contm North DeafCon. New Ye* 11201.3859 STEARNS EPSTEIN INTERESTS 5 STATEMENT PERIOD NOVel1100( 1,2003 THROUGH November 28.2003 Transaction Detail ACCCUNT NUMBER TAXPAYER NADER Cfl FIN MONEY FUND ACTIVITY LAST STATEMENT October 31.2003 DATE MDDAY TRANSACION DESCRIPTION SYMBOYCINIP DUMMY PRIDE DEBIT AMOUNT CREDIT AMOUNT 11/01/03 OPENINGBALANCE 840.423.04 11/03/03 DIVIDEND BEAR STEARNS PRIME MONEY BSNIXX 645.48 MARKET PORTFOLIO CL Y RECORD 10/31103 PAY 10131/03 11/03/03 REINVEST BEAR STEARNS PRIME MONEY EISMXX 645.48 645.48 MARKET PORTFOLIO CL Y REINVEST PRICE $ 1.00 11/28/03 CLOSINGBALANCE 841.068.52 TOTAL 3-645.48 $645.48 End of Statement 027 11/20(03,08:42 001 EFTA00195115 CLEARED IHRCO3H ITS YtHOU.Y OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Steams SOMfirlbet COrd Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York Nee York 10179 Ono Movolech Center Noah Brockhn. New Verk 1120/3859 STEARNS EPSTEIN INTERESTS STATEMENT PERK* °MON 1.2003 ACCOUNT EXECUTIVE TELEPHONE THROUGH OCIOltet 31.2003 VISIT OUR WEBSITE o in% uearstearns.com ACCCUNT What's In This Statement MUUMUU llllllllllllllllllllllllllllllllllllllllllllllll TAXPAYER NUMBER On File LAST STATEMENT September 30.2003 Financial Summary 3 EPSTEIN INTERESTS Your Portfolio Holdings 4 DTD 12/26/91 Transaction Detail 5 JEFFERY E EPSTEIN & MARK L Fund Activity 5 EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022-6843 Your Portfolio at a Glance Market Value of Your Portfolio Cash & Equvalent H I 5843.881 NET CREDIT BALANCE 3.458 8843,254 MONEY MARKET FUND BALANCE 840.423 NE Current market vane Ed Last statement's market value NET EQUITY THIS PERIOD $843.881 NET EQUITY LAST STATEMENT 843.254 CHANGE SINCE LAST STATEMENT 627 •Ths portfolio odudes are or mere ureesced socutees rat me at taloned mix TOM Yen of Sethabos and tho NO (poly nn Pcmcct There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roza report arm difororoe a rharrrootim of checks or stocks. rerscomd as doltrerea io you. Ammar Tin sLowerV Sennabenal puposn only a Is rc4 "leaded as a Um documett to Clem Sermon ai 800134-112e: a vet to Clem SONIC.. a Boot Steam Spumes Statemere shored be Maned lar your records See reverses,* fa modest inteftlaCa Cop.. Co. Motrotoch Coolly North. Brootlyn. NY. 112013859 027 11,01.03:14:02 001 Y818 EFTA00195116 CLEARED 1NROUON RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.letsolech Cantot North Broeklln• New Ye* 11201.3859 EPSTEIN INTERESTS 2 of s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 11)01,03:14:02 001 Y818 EFTA00195117 CLEARED THRWGH ITS YrisekLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SON, t4,1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Ore Momtech Cella North Becck/on. New Year I1201.38S9 STEARNS EPSTEIN INTERESTS 3 ci STATEMENT PERIOD OCIOIMI 1.2003 THROUGH Cooker 31.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER OR PIM 11.0 PERIOD YEAR TO DATE THIS PERIOD LAST STATEMENT SepWrite 30.2003 Opening Balance $3.458.06 Dividends 627.31 7,034.11 Credit Balance Int. 0.00 49/8 Money Fund 627.31 Total $627.31 $7.083.89 Amount Credited $627.31 Money Fund -627.31 Amount Debited $427.31 Portfolio Composition CasAlCash Equivalent 843.881 Closing Balance $3,458.06 Total $843.881 Cash Balance Summary (WENN° CLOSINO Your Portfolio Cash 3.458.06 3.458.06 Allocation Net Cash Balance $3.458.06 $3.458.06 Cash & Ewalent — 100% CosPoled GoMons denote as Dion°, *nee !NH male voLee Mt, elocahm ;event'', ty clewed low Ira ablal.te market rat), pi yes patkno 027 11)01MS:14:02 001 vs la EFTA00195118 CLEARED THROUGH ITS WIIOUY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beef. Saea•ns S0C.r.htl Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Non York 10179 0-4 Momtech Cella North Beccidon. New Ye* 11201.3859 STEARNS EPSTEIN INTERESTS 4 vi STATEMENT PERIOD Octoter 1.2003 THROUGH Octoter 31.2003 Your Portfolio Holdings ACCCUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER AVAEER 011FIle LAST STATEMENT September 30.2003 MARIO ESTIMATED CURRENT DESCRIPTION SIMBOLCUSIP QUANTITY PRICE VALUE MNUAL WOW YELD CASH BALANCE 3.458 BEAR STEARNS PRIME MONEY BSM)C( 840,423.04 1.0000 840.423 7.648 0.9100 MARKET PORTFOLIO CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS $843.881 $7.648 EQUITIES Equities & Options ACC! MARKET ESTIMATED CURRENT DESCRPRON SIMBOLUSIP TYPE crummy PRCE VALUE ANNAN. INCOME YEW 1%) BANPAIS SA-SP0NS0REDADR BPIBY CASH 20,000 'Merited REPSTG 6 SER L SHS Total Equities& Options SO $0 TOTAL EQUITIES SO $o YOUR TOTAL ESTIMATED ANNUAL INCOME $7,648 YOUR PRICED PORTFOLIOHOLDINGS $843.881 027 11)01,03:14:CE 001 Y818 EFTA00195119 CLEARED THROUGH ITS YrisekLY ORM•E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeirns Secv, t.ti Cory. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Otto Momloch Contm North Becck/on. New Year 11201.3859 STEARNS EPSTEIN INTERESTS 5 STATEMENT PERIOD Octoter 1.2003 THROUGH Octoter 31.2003 Transaction Detail ACCOUNT NUMBER TAXPAYER KINSER On Fite MONEY FUND ACTIVITY LAST STATEMENT WINTON 30.2003 DATE mow TRANSACION DESCRIPTION SYMBOLCIAIP DUMMY PRICE DEBIT AMOUNT CREDIT AMOUNT 10/01/03 OPENINGBALANCE 839,795.73 10/01/03 DIVIDEND BEAR STEARNS PRIME MONEY USW% 627.31 MARKET PORTFOLIO CL Y RECORD 09/3063 PAY 09$0.63 10/01/03 REINVEST BEAR STEARNS PRIME MONEY EtSMOI 627.31 627.31 MARKET PORTFOLIO CL REINVEST PRICE $ 1.00 10/31ro3 CLOSINGBALANCE 840.423.04 TOTAL $427.31 $627.31 End of Statement 027 11/01/03;14M 001 PSIS EFTA00195120 CLEARED THROUGH ITS VnIOU.N1 OIMED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 1308i. EOSIN SOMA,* COrD. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ciao I4ovotech Confer Noah etCCk/01. New VC.1( 1120/3859 STEARNS EPSTEIN INTERESTS STATEMENT PERM August 30.2003 ACCOUNT EXECUTIVE ZICHERMAN.IRA TELEPHONE THROUGH September 30.2003 VISIT OUR WEBSITE 4w4 uearstearns.com ACCOUNT NUMBER What's In This Statement ItslullsllIlllllllllllllllllllllllllllllllllllllllllllllllll TAXPAYER NUMBER On Fee LAST STATEMENT Aupnt 29.2003 Financial Summary 3 EPSTEIN INTERESTS DTD 12/26/91 Your Portfolio Holdings 4 JEFFERY E EPSTEIN & MARK L Transaction Detail 5 EPSTEIN & WILLIAM ELKUS TTEES Fund Activity 5 457 MADISON AVENUE 4TH FLR Your Messages 6 NEW YORK NY 10022-6843 Your Portfolio at a Glance Market Value of Your Portfolio Important Message Bear Stearns is pleased to Cash S Egsvalent — 8843.254 NET CREDIT BALANCE 3.458 announce our conversion to $842,601 a calendar month.end MONEY MARKET FUND BALANCE 839.796 statement. Effective this NE Current market %Paha month, your account OA Last statement's market value statement reflects alt NET EQUITY THIS PERIOD $843,254 activity and account valuation up to and NET EQUITY LAST STATEMENT 842.601 including the last business day of the month. CHANGE SINCE LAST STATEMENT 653 •TNs portfolio duludits ono or morn urfelco0 MOMS°. rat No not 'elected r fe TON *An of Sectobes ard the Net ewe/ nvs Portal There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. F1050 rood aror clIforonoo a contooNg of nd's or MOCKS. CSIC0100 as doltroroti to p5u. tin unnerves Tor OkORI0008I passes **Ills not NOM n a Um doaaTott to Cleni Renton of 800611-1128: a vat to Choi SONICOS al Boot. Steam &curries Tin astansri amid tv Masud for your records Set me . Sr Sr rrucelart ntrmaton Cao . Co. lArholech Coolly North. BrooN)n, NY II201-3059. 027 1001,03:11:21 001 21113 EFTA00195121 CLEARED 1NROUON RS YrisekLY 0"E0 SUBSIDIARY Beer. SZeirns SON, t4,1 COO. Ceol.letsolech Cantot North Beccidon. New Volt 11201.3859 EPSTEIN INTERESTS 2 or 7 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 IONI.D3:11:21 001 Y813 EFTA00195122 CLEARED THROUGH ITS ?RIMY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeams S0N•44,1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Nee York 10179 Ore Maoloch Conte North Beccidon. New To* 11201.3859 STEARNS EPSTEIN INTERESTS 3 ci STATEMENT PERIOD PAW! 30.2003 THROUGH Septeinbar 30.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER PANDER On File 114S PERIOD YEAR TO DATE THIS PERIOD LAST STATEMENT August 29.2003 Opening Balance $3,458.06 Dividends 653.23 6,406.80 Credit Balance Int. 0.00 49.78 Money Fund 653.23 Total $653.23 $6.456.58 Amount Credited $653.23 Money Fund -653.23 Amount Debited $-653.23 Portfolio Composition Cash,Cash Equivalent 843.254 Closing Balance $3.458.06 Total $843.254 Cash Balance Summary OPEt. AG CLOSINO Your Portfolio Cash 3.458.06 3.458.06 Allocation Net Cash Balance $3.458.06 $3.458.06 Cash & Ego/Went- 100% UnsPoled morons denote oar Deena *nee Ihml mane ',Mae The elocam ;event'', ty awed Wm lb 00101.te market rat), 01 Kv palloo 027 10431A33:11:21 001 V8I3 EFTA00195123 CLEARED THROUGH ITS ?mem.? OtME0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beef. Saea•ns SON, t4,1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Nee York 10179 Cc* Neboloch Car:tog North Beccmon. New Ye* 1201.38S9 STEARNS EPSTEIN INTERESTS 4 vi STATEMENT PERIOD Au(ANS 30.2003 THROUGH Septerrbsr 30.2003 Your Portfolio Holdings ACCCUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER MAWR On File LAST STATEMENT August 29.2003 MARXE7 ESTIMATED CURRSV DESCRIPTION SIMBOLCUSIP OUANETY PRICE VALUE MNUIL INCONE YELO r4 CASH BALANCE 3.458 BEAR STEARNS PRIME MONEY BSIs0Dr 839,795.73 1.0000 839,796 7.558 0.9000 MARKET PORTFOLIO CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS 8843.254 $7.558 EQUITIES Equities & Options ACC! MARKET ESTIMATED CURRENT DESCRPRON SIMBOLUSIP TYPE mum PRCE VALLE ANNAN. INCOIAE YEW 119 BANPAIS SA-SP0NS0REDADR BPIBY CASH 20,000 Unpriced REPSTG 6 SER L SHS Total Equities& Options $0 $0 TOTAL EQUITIES SO YOUR TOTAL ESTIMATED ANNUAL INCOME $7.558 YOUR PRICED PORTFOLIOHOLDINGS $843.254 027 ICIMU03:11:21 001 M913 EFTA00195124 CLEARED THROUGH ITS Y/HOM.Y OW,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 GNP Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Dec Mevolech Contm North Beccidon. New Ye* 11201.3559 STEARNS EPSTEIN INTERESTS 5 STATEMENT PERIOD hen 30.2003 THROUGH Septeirbar 30.2003 Transaction Detail ACCOUNT NUMBER TAXPAYER NINSER OR File MONEY FUND ACTIVITY LAST STATEMENT AUCNSI 29.2003 DATE MGDAY TRANSACT/3N DESCRIPTION SYMBOLCIAIP PAINTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 08/30/03 OPENINGBALANCE 839.142.50 09/02/03 DIVIDEND BEAR STEARNS PRIME MONEY BSAIXX 653.23 MARKET PORTFOLIO CL Y RECORD 0839103 PAY 08/29/03 09/02/03 REINVEST BEAR STEARNS PRIME MONEY EtSMX% 653.23 653.23 MARKET PORTFOLIO CL Y REINVEST PRICE $ 1,00 OW304)3 CLOSINGBALANCE 839,795.73 TOTAL 6-653.23 $653.23 027 10431.'03:11:21 001 M913 EFTA00195125 CLEARED THROUGH ITS YrisekLY CAM•E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 Dap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Momloch Contm North Beccidon. New Ye* 11201.3559 STEARNS EPSTEIN INTERESTS 6 STATEMENT PERIOD Ness 30.2003 THROUGH Septeonter 30.2003 ACCCUNT NUMBER TAXPAYER WESER CO File Your messages LAST STATEMENT August 29.2003 Bear, Stearns Securities Corp. Net Capital and Net Capital Requirements: Securities and other assets in your account are the firm's collateral for any margin loan made to you. If the securities and other assets in your account At May 31, 2003 and July 31, 2003, the Company's net capital of decline in value, so does the value of the collateral supporting your loan, and, approximately $2.4 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 sell aggregate debit items and exceeded the minimum regulatory net capital securities or other assets in any of your accounts held with the member, in requirement of approximately $799.5 million and $904.4 million by order to maintain the required equity in the account. It is important that you approximately $1.6 billion and $2.1 billion, all respectively. fully understand the risks involved in trading securities on margin. These risks include the following: A complete copy of the Bear, Steams Securities Corp. Statement of Financial Condition is available on the web site wmv.bearstearns.com. Alternatively, to You can lose more funds than you deposit in the margin account. request a free printed copy please call • toll free 1.666.299.9331. The firm can force the sale of securities or other assets in you account(s), The firm can sell your securities or other assets without contacting you. You are not entitled to choose which securities or other assets in your account(s) are liquidated or sold to meet a margin call. The firm can increase its 'house" maintenance margin requirements at any time and is not required to provide you advance written notice. You are not entitled to an extension of time on a margin call. 027 latlit3:11:21 001 Y813 EFTA00195126 CLEARED THROUGH ITS YrisekLY CAM•E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeiree Secvehti Dap. Bear. Stearns 8 Co. Inc. BUR 383 Madison Avenue New YY New York 10179 Ore Momloch Contm North BrodCon. New Ye* 11201.3559 STEARNS EPSTEIN INTERESTS 7 STATEMENT PERIOD Mews 30.2003 THROUGH Septetriter 30.2003 ACCCUNT NUMBER TAXPAYER WESER On File LAST STATEMENT August 29.2003 This statement is provided to explain Bear, Steams & Co, Ina (BSC') payment for order flow practices. fige Pursuant to SEC Rule 11Ac1.6, please note the following: BSC routes a majority of orders for customer securities transactions to the Bear. Steams & Co. Inc. will post its quarterly routing statistics at the following primary market for such securities, Orders may also be routed to other market web link: http://wvm,bearsteams,comf, Click on Individual Investor. Click on 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 (NBB0). BSC 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, you may request the identity of the venue to which the identified orders were routed for execution, whether the order was directed by you to that venue, and the time of the executions, if any, that resulted from such orders. End of Statement 027 ICU01103:11:21 001 YS13 EFTA00195127 CLEARED THROUGH ITS WHOU.Y OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Belli. Steams SeOrIlle> COrD. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York Nevi York 10179 Ccao Mentech Center Norte Becdt/in. Kern Vet* 1120/3859 STEARNS EPSTEIN INTERESTS ZICHERMAN.IRA STATEMENT PERIOD July 26.2003 ACCOUNT EXECUTIVE TELEPHOVE THROUGH August 29.2003 VISIT OUR WEBSITE ‘.../Avtentearrs.com ACCOUNT NUMBER What's In This Statement IlllullllIlllllllllllllllllllllllllllllllllllllllllllllllll TAXPAYER WINER en File LAST STATEMENT JO 25. 2003 Financial Summary 3 EPSTEIN INTERESTS 4 DTD 12/26/91 Your Portfolio Holdings JEFFERY E EPSTEIN & MARK L Transaction Detail 5 EPSTEIN & WILLIAM ELKUS TTEES Fund Activity 5 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022-6843 Your Portfolio at a Glance Market Value of Your Portfolio Important Message Bear Stearns is pleased to Cash s EgSvalent — announce our conversion to NET CREDIT BALANCE 3.458 $841,938 $842,601 a calendar month.end MONEY MARKET FUND BALANCE 839.143 statement. Elfective Current market vela September 2003.your NET EQUITY THIS PERIOD $842,601 IN Last statement's market value account statement will reflect all activity and account valuation up to and NET EOUITY LAST STATEMENT 841.938 including the last business day of the month. CHANGE SINCE LAST STATEMENT 663 nha portfolio dictates ono or more uralcod SOCUMOS rat me nor "elected rite Taal Wee of Seaabes and the Net (poly This Portal There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Ple.mo toad any dINc0000 a rawooMet of dads or stocks. oulicaled as &Orme to you. SOT.Tani for cliconseona psposes ally k irlarlded as a tat docmuort to Greco Sonic*. of 800431-1428: a veto to ChM SONIC.. a Beet Steam SccuMos Cap.. Co. lAeholech Coolly North. BnioNyn. NY II201-SB50. t lass solemn ahead be Maned for your records Soo worse sok for merlon rdormaton 027 011900313:45 001 Y812 EFTA00195128 CLEARED 1NROUON RS YrisekLY 0"E0 SUBSIDIARY Beer. SZeirns Seca0k1 COO. 0 -4 Momloch Cerra North Broeklln• New Ye* 11201.3859 EPSTEIN INTERESTS 2 of s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 08,3003:13:45 001 Y812 EFTA00195129 CLEARED THROUGH ITS vniCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Steavn S0N, t.t1 Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New An New York 10179 Ore Mevolech Carat North Beccioon. New Toot 11201.3859 STEARNS EPSTEIN INTERESTS 3 al s STATEMENT PERIOD AO/ 26.2003 THROUGH August 29.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER KAMER en File MS PERIOD YEAR TO DATE THIS PERIOD LAST STATEMENT Jo& 25. 2003 Opening Balance $3.458.06 Dividends 662.71 5,753.57 Credit Balance Int. 0.00 49.78 Money Fund 662.71 Total $662.71 $5,803.35 Amount Credited $662.71 Money Fund -662.71 Amount Debited S-662.71 Portfolio Composition Casbleash Equivalent 842.601 Closing Balance $3.458.06 Total $842.601 Cash Balance Summary OPEt.NO CLOS1/10 Your Portfolio Cash 3.458.06 3.458.06 Allocation Net Cash Balance $3.458.06 $3.458.06 Cash & ECF-twakilt — 100% UnsPolocl morons 0onoie oar 014, p, *NW Or, marka voLoo The olocam De ventro ty awed horn 00101.te market rat), al ycv palkno 027 08,3001:13:45 001 V812 EFTA00195130 CLEARED THROUGH ITS witCkLY 0Oh.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beef. Saea•ns SOC.A.t4.1 COP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 0-41km:tech Canto North Beccmon. New Tel, 112013959 STEARNS EPSTEIN INTERESTS 4 vi STATEMENT PERK* Jul/ 26. 2003 THROUGH August 29.2003 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER MAIEER CM File LAST STATEMENT Julj 25. 2003 MARXE7 ESTIMATED CURRENT DESCRIPTION SIMBOLCUSIP OUAHTITY PRICE VALUE MNUIL WOW YELO ITA/ CASH BALANCE 3.458 BEAR STEARNS PRIME MONEY BSA0C< 839,142.50 1.0000 839,143 7,636 0.9100 MARNE' PORTFOLIO CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS $842.601 57,636 EQUITIES Equities & Options ACC! MARKET ESTIMATED CURRENT MORMON SYMBOUCUSIP DOE ovum PRCE VALIE ANNAN. INCOIAE YEW I%) BANPAIS SA-SP0NS0REDADR BPIBY CASH 20,000 'Merited REPSTG 6 SER I. SHS Total Equities& Options SO SO TOTAL EQUITIES SO so YOUR TOTAL ESTIMATED ANNUAL INCOME 67.636 YOUR PRICED PORTFOLIOHOLDINGS $842,601 027 08300393:45 001 EFTA00195131 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szetrns SON, t4,1 Cory. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 0-41km:tech Comer North Beccidon. New Ye* 11201.3559 STEARNS EPSTEIN INTERESTS 5 STATEMENT PERK* Jul/ 26. 2003 THROUGH August 29.2003 Transaction Detail ACCOUNT NUMBER TAXPAYER AMBER On Ftk MONEY FUND ACTIVITY LAST STATEMENT JO/ 25. 2003 DATE MODAY TRANSICTKN DESCRIPTCN SYMBOLCvSIP OUJARRY PRCE DEBIT won CREDIT AMOUNT 07/26/03 OPENINGBALANCE 838,479.79 08/01/03 DIVIDEND BEAR STEARNS PRIME MONEY BSPAXX 662.71 MARKET PORTFOLIO CL Y RECORD 07/3163 PAY 07/31/03 08/01/03 REINVEST BEAR STEARNS PRIME MONEY 8SMX% 662.71 662.71 MARKET PORTFOLIO CL Y REINVEST PRICE $ 1.00 08P29/03 CLOSINGBALANCE 839.142.50 TOTAL $-662.71 $662.71 End of Statement 027 telP30t03;13:48 001 $t2 EFTA00195132 CLEARED THROUGH ITS YAICU.Y OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SOWS SOMMOR1 COrD. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York Nee York 10179 lievotech Confer WAN Beccit5n. New Vora 11201.3859 STEARNS EPSTEIN INTERESTS .-.MtRMAN.IRA STATEMENT PERIOD June 28.2003 ACCOUNT EXECUTIVE TELEPHONE THROUGH Jul, 25.2003 VISIT OUR WEBSITE ITMY near st earns.com ACCOUNT NUMBER What's In This Statement III III lllll TAXPAYER NUMBER On File LAST STATEMENT June 27.2003 Financial Summary 3 EPSTEIN INTERESTS Your Portfolio Holdings 4 DTD 12/26/91 JEFFERY E EPSTEIN & MARK L Transaction Detail 5 EPSTEIN & WILLIAM ELKUS TTEES Fund Activity 5 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022-6843 Your Portfolio at a Glance Market Value of Your Portfolio Cash S Equvalent H $841.938 NET CREDIT BALANCE 3.458 $841.206 MONEY MARKET FUND BALANCE 838.480 El Current market vabe gig Last statements market value NET EQUITY THIS PERIOD $841,938 NET EQUITY LAST STATEMENT 841.206 CHANGE SINCE LAST STATEMENT 732 'Ms portfolio dud ono of mote unread mourn°. fat MO at telectect n to Taal Woe of Seowbos and the Na Egoty The Period There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Plo.va rood oaf Offoronoo a roorocose of dad's or sKKks. eidicolod as doltrorod to p5u. tin asysTatY Ia erlsonsannst passes ally. k to Gent Sonic*. of 800614-1428: a vat to Clam Sonokos a Boot. Steam Sccumos COP.. Co. LIctok99 Loehr North. Broo119... N.Y. 112014M. glI T Needed as a law documed The statemere skald to retained to, your records Soo reverse S. fa modest itteinatC6 027 D726O3:10:O9 001 1,811 EFTA00195133 CLEARED 1NROUON RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, 14,1 COO. Ceol.letioloch Cantot North Broeklln• New Ye* 11201.0859 EPSTEIN INTERESTS 2 of s STATEMENT BACKER IS PRINTED ON THIS PAGE 021 074103:10:09 001 11811 EFTA00195134 CLEARED THRWGH ITS ?RIMY CAM‘.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns S0N, I*1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ore Movelech Conte NOM etCCk/O1. New Tuft 11201.3859 STEARNS EPSTEIN INTERESTS 3 ci STATEMENT PERIOD June 28.2003 THROUGH Jut/ 25.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER NLIUMER On Flle THIS PERIOD 116 PERIOD YEAR TO DATE LAST STATEMENT June 27.2003 Opening Balance $3,458.06 Dividends 731.99 5,090.86 Credit Balance Int. 0.00 49.78 Money Fund 731.99 Total $731.99 $5.140.64 Amount Credited $731.99 Money Fund -731.99 Amount Debited $-731.99 Portfolio Composition CasAlCash Equivalent 841,938 Closing Balance $3.458.06 Total $841.938 Cash Balance Summary OPE?. No GIGGING Your Portfolio Cash 3.458.06 3.458.06 Allocation Net Cash Balance $3.458.06 $3.458.06 Cash 8 Ego/Went — 100% Unsexed morons 0enoie oar Deena *nee Or, mane ',Mae The elocam ;event'', is awed Wm Ow 00101/o market rat), 01 Kv patio" 027 074103:10:09 001 EFTA00195135 CLEARED THROUGH ITS OW,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beef. Szea•ns SON, 14,1 C0,1‘ Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Cc* Metsetech Cella HMO Betatron. New Ye* I1201.38S9 STEARNS EPSTEIN INTERESTS 4 vi STATELIER, PER000 June 28.2003 THROUGH Jilt 25.2003 Your Portfolio Holdings Accaiyi NUMBER CASH & CASH EQUIVALENTS TAXPAYER KINSER On File LAST sTATELIENT June 27.2003 MARKET ESTIMATED CURFEW DESCRIPTION SIMBOLCUSIP QUANTITY PRICE VALUE MNUIL INCONE YELO N CASH BALANCE 3.458 BEAR STEARNS PRIME MONEY BSIACr 838,479.79 1.0000 838,480 7.714 0.9200 MARKET PORTFOLIO CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS $841,938 $7,714 EQUITIES Equities & Options ACC! MARKET ESTIMATED CURRENT DESCRPRON SAIBOLUSIP TYPE mum PRCE VALUE ANNAN. INCOIAE YEW IR/ BANPAIS SA-SP0NS0REDADR BPIBY CASH 20,000 Unpriced REPSTG 6 SER L SHS Total Equities& Options $0 $0 TOTAL EQUITIES $0 $0 YOUR TOTAL ESTIMATED ANNUAL INCOME $7,714 YOUR PRICED PORTFOLIOHOLDINGS $841,938 027 074103:10:09 001 tall EFTA00195136 CLEARED THRWGH ITS niCkLY OW•E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. szeirns socv,ht, Cory. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Momtech Center North BAN:idon. New Ye* 11201.3859 STEARNS EPSTEIN INTERESTS 5 STATEMENT PERK* June 28.2003 THROUGH Jul/ 25.2003 Transaction Detail ACCOUNT NUMBER TAXPAYER AMBER Ofl FAA MONEY FUND ACTIVITY LAST STATEMENT June 27.2003 DATE M31)AY W01;14101 DESCRIPTION SYMBOLCvSIP OUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 06/28/03 OPENINGBALANCE 837,747.80 07/01/03 DIVIDEND BEAR STEARNS PRIME MONEY BSAIXX 731.99 MARKET PORTFOLIO CL Y RECORD 069W03 PAY 0690.93 07/01/03 REINVEST BEAR STEARNS PRIME MONEY EtSMXX 731.99 731.99 MARKET PORTFOLIO CL REINVEST PRICE $ 1,00 07/25/03 CLOSINGBALANCE 838,479.79 TOTAL $-731.99 $731.99 End of Statement 027 07.126/03;10:09 001 Yell EFTA00195137 CLEARED THROUGH cos YillOU.Y OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT SW. SIMMS SO•0081 Corp. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Cat Marotech COMM North EIrccit/rn, Now York 112013859 STEARNS EPSTEIN INTERESTS STATEMENT PERIOD May 31.2003 ACCOUNT EXECUTIVE ZIC,HEHMAN.IRA TELEPHONE THROUGH June 27.2003 VISIT OUR WEBSITE 61A1 e steams.com ACCOUNT NUMBER What's In This Statement IIIIIIIIIIII lllll TAXPAYER WINER On Fee LAST STATEMENT May 30.2003 Financial Summary 3 EPSTEIN INTERESTS Your Portfolio Holdings 4 DTD 12/26/91 JEFFERY E EPSTEIN & MARK L Transaction Detail 5 EPSTEIN & WILLIAM ELKUS TTEES Fund Activity 5 457 MADISON AVENUE 4TH FLR Your Messages 5 NEW YORK NY 10022-6843 Your Portfolio at a Glance Market Value of Your Portfolio Important Message Confirmation: Unless we Cash S EcKwalent 0841.206 NET CREDIT BALANCE 3.458 hear from you to the etentessnal::..401;;‘,";DTT tei1111;;;,T;;z etin $840.414 contrary. it is out MONEY MARKET ELAND BALANCE 837.748 understanding that any free MI Current market vabe credit balances in your 1}Mil Last statement's market value account are being NET EQUITY THIS PERIOD $841,206 maintained to facilitate your intention to invest NET EQUITY LAST STATEMENT 840.414 such amounts through us. CHANGE SINCE LAST STATEMENT 792 'Mks portfolio melodies ono or mom urpilcod wanes rat ro cote related nix Taal Woe of Seciabes and Ole Na Ewe/ Paid There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roma coon oaf Marco a nontoona of crocks or Mocks, nalcolod as &Waal lo Srfun . 0"Ta'Y a for recenabonal moons corrals not Mended as a rar downed lo Gant Sonia. of 800611-1128: a yet lo Choi Santos a Bow, Stearn &conies scatemera shored be retained for your records Soo reverse ride for resonate seormaece Cap.. Ora Motoloct Carla North. BrooNri, NY II201.3.59 027 08280312:00 001 V808 EFTA00195138 CLEARED 1NROUON RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.letsolech Cantot North Brocklln• New VC* 11201.3859 EPSTEIN INTERESTS 2 of s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0028.132:12:00 001 Y808 EFTA00195139 CLEARED THRWGH ITS 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. S1ea•ns S0N, t4,1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Ore Nevalech Conte North Beccidon. New To* 11201.3859 STEARNS EPSTEIN INTERESTS 3 al s STATEMENT PERK* May 31.2003 THROUGH June 27.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER MluSER On File RC PERIOD YEAR TO DATE THIS PERIOD LAST STATEMENT May 30.2003 Opening Balance $3.458.06 Dividends 792.26 4,358.87 Credit Balance Int. 0.00 49.78 Money Fund 792.26 Total $792.26 $4.408.65 Amount Credited $792.26 Money Fund -792.26 Amount Debited $-792.26 Portfolio Composition CasAiCash Equivalent 841,206 Closing Balance $3.458.06 Total $841.206 Cash Balance Summary OPE?. HG GIGGING Your Portfolio Cash 3.458.06 3.458.06 Allocation Net Cash Balance $3.458.06 $3.458.06 Cash & Eceavalent — 100% UnsPead morons denote oar Deena *nee Ihml mane ',Mae The elocam ;event'', is awed Wm Ow 00101.te market rat), 01 Kv patio" 027 002843:12:00 001 Y8O8 EFTA00195140 CLEARED THROUGH ITS niCkLY OW,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beef. Saea•ns SON, t4,1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Non York 10179 Cc* Meesetech Cella North Beccmon. New Ye* I1201.38S9 STEARNS EPSTEIN INTERESTS 4 vi STATEMENT PERK* May 31.2003 THROUGH June 27.2003 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER WEBER On Flk LAST STATEMENT May 30.2003 MARKET ESTIMATED CURRENT DESCRIPTION SIMBOLCUSIP QUANTITY PRICE VALUE MNUIL WOW YELO DA/ CASH BALANCE 3.458 BEAR STEARNS PRIME MONEY BSM)C( 837,747.80 1.0000 837,748 8,629 1.0300 MARKET PORTFOLIO CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS $841.206 58.629 EQUITIES Equities & Options ACC! MARKET ESTMATED CURRENT DESCRPRON SYAIBOUCUSIP TYPE ovum PRCE VALLE ANNAN. INCOME YEW I%) BANPAIS SA-SP0NS0REDADR BPIBY CASH 20,000 'Merited REPSTG 6 SER L SHS Total Equities& Options SO SO TOTAL EQUITIES SO so YOUR TOTAL ESTIMATED ANNUAL INCOME $8.629 YOUR PRICED PORTFOLIOHOLDINGS $841,206 027 002841:12:00 001 Y808 EFTA00195141 CLEARED THROUGH ITS wisCauf 0"EO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeiras SOC.M*1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Cr.* Mon:tech Center North Beccaron. New Ye* 11201.3859 STEARNS EPSTEIN INTERESTS 5 STATEMENT PERIOD May 31.2003 THROUGH June 27.2003 Transaction Detail ACCOUNT NUMBER TAXPAYER M.M3ER On Pile MONEY FUND ACTIVITY LAST STATEMENT May 30.2003 DATE mom TRANSACION DESCRIPTION SCMDOCCVSIP °warn, PRCE DEBIT AMOUNT CREDIT AMOUNT 05/31/03 OPENINGBALANCE 836,955.54 06/02/03 DIVIDEND BEAR STEARNS PRIME MONEY BSAIXX 792.26 MARKET PORTFOLIO CL Y RECORD 05/30/03 PAY 05:30103 06/02/03 REINVEST BEAR STEARNS PRIME MONEY 8SMXX 792.26 792.26 MARKET PORTFOLIO CL Y REINVEST PRICE $ 1.00 06/27/03 CLOSINGBALANCE 837.747.80 TOTAL $-792.26 $792.26 Your messages With interest rates at their lowest in 45 years, income oriented clients are reminded of the risks inherent in attempting to maintain or increase the average yield on a fixed income portfolio, Generally, securities carrying a higher yield come with some combination of added credit risk, extended maturities, reduced liquidity, or special call features. Rising interest rates can cause a decline in the market value of your portfolio, which will impact your principal if securities are sold prior to maturity, Please consult your Bear Stearns account executive if you would like to discuss your fixed income portfolio. As a leader in Fixed Income, Bear Steams can analyze any portfolio, held here or elsewhere and make recommendations such that your portfolio is aligned within your tolerance for risk. 027 otr2&M3:12:00 001 1808 EFTA00195142 CLEARED THROUGH nS WHOLLY 01WED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT SltaMS SOCHilitt GOO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Ctm liettotech Corder Noah Beccit/on, teen rem 1120/3959 STEARNS EPSTEIN INTERESTS ACCOUNT EXECUTIVE LICHERMAN.IFIA STATENENT PERK* April 26.2003 TELEPICIE THROUGH May 30.2003 VISIT OUR WEBSITE O IA1 uearstearns.com ACCOUNT NUMBER What's In This Statement Ili.Ill.11llllllllllllllllllllllllllllllllllllllllllllllllll TAXPAYER isa.MIER On Pik LA51 STATEMENT ApIl 25.2003 Financial Summary 3 EPSTEIN INTERESTS 4 DTD 12/26/91 Your Portfolio Holdings JEFFERY E EPSTEIN & MARK L Transaction Detail 5 EPSTEIN & WILLIAM ELKUS TTEES Fund Activity 5 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022-6843 Your Portfolio at a Glance Market Value of Your Portfolio Cash & Equvalent — $840.414 NET CREDIT BALANCE 3.458 ... $839.593 MONEY MARKET FUND BALANCE 836.956 MEI Current market vane NET EQUITY THIS PERIOD $840,414 Hz Last statements market value NET EQUITY LAST STATEMENT 839.593 CHANGE SINCE LAST STATEMENT 821 9115 portfolio melodies ao or moo unpileod socurnos rat No nee teloceed n fe Taal Woe of Samoan and Om Na (poly TN; Pima' There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Plo.vie mood oaf Mame a Doormat:1 of toes or stocks. milleolod as dietrorod to p5u. TNs amwarY a for rereMIMOOrml peepOsos at I IS fa irlarldeld aS a Nu 000•Yert N Gent Simian of 8006144428: a vat to ChM SoNkos a Boot Steam &oodles Cap.. One LIcemINI, Goole. Honk Bnet0HH, N Y I I201-5050. gh This c atomarl aliMad Es Maned for your MOSS SOO MOW Oa for 'TUMOR IthrmatKen 027 053103:15:20 001 EFTA00195143 CLEARED 1NROUON RS YrisekLY 0"E0 S0BSIDIARY 848r. Saee•ns SON, 14,1 COO. Ceol.letioloch Cantot North Broeklln• New Ye* 11201.3859 EPSTEIN INTERESTS 2 of s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0531.03:15:30 001 Y644 EFTA00195144 CLEARED THRWGH ITS CM1‘.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns S0N, I*1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Ore Nevalech Conte North Beccidon. New To* 11201.3859 STEARNS EPSTEIN INTERESTS 3 al s STATEMENT PER100 Rgil 26.2003 THROUGH May 30.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER NLIUSER On File THIS PERICO m3 REMO YEAR TO DATE LAST STATEMENT *11 25.2003 Opening Balance $3.458.06 Dividends 820.14 3.566.61 Credit Balance Int. 0.00 49.78 Money Fund 820.14 Total 5820.14 53.616.39 Amount Credited $820.14 Money Fund -820.14 Amount Debited $.82D14 Portfolio Composition Casbleash Equivalent 840,414 Closing Balance $3.458.06 Total $840,414 Cash Balance Summary OM. AG CLOGIlO Your Portfolio Cash 3.458.06 3.458.06 Allocation Net Cash Balance $3.458.06 $3.458.06 Cash 8, Epoyalent — 100% UnsPeRRI morons denote oar Deena *nee Or, mane ',Mae The elocal✓r ;event'', to awed Wm Ow 00101/e market rat), 01 Kv patio" 027 05003:15:30 001 '7644 EFTA00195145 CLEARED THRWGH ITS VIIleklY O01,EO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SO0M40 0011‘ Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Ore Neboloch Cantof North Becdoon. New Ye* I1201.3859 STEARNS EPSTEIN INTERESTS 4 v/ STATEMENT PER100 Amil 26.2003 THROUGH May 30.2003 Your Portfolio Holdings ACCOUNT NUMBER TAXPAYER NLIUSER On Fee CASH & CASH EQUIVALENTS LAST STATEMENT *11 25.2003 /MRXET ESTIMATED CURRENT DESORPTION SYMBOL OUSiP OUANTITY FREE VALUE AANUAL INCOME YIELD IN4 CASH BALANCE 3.458 BEAR STEARNS PRIME MONEY BSM)D( 836,955.54 1.0000 836.956 9,207 1.1001 MARKET PORTFOLIO CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS 8840.414 59207 EQUITIES Equities & Options AOCT MANCEI FEMME° OVFIFINT DESORPTION SYMBWOUSIP PPE PRCE VALUE AMIN. INCOME YEW I%) BANPAIS SA-SPONSOREDADR BPIBY CASH 20.000 Unpriced REPSTG 6 SER L SHS Total Equities& Options SO $0 TOTAL EQUITIES SO s0 YOUR TOTAL ESTIMATED ANNUAL INCOME 59.207 YOUR PRICED PORTFOLIOHOLDINGS $840.414 027 053103:15:30 001 V644 EFTA00195146 CLEARED THROWN RS 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet. SZeirns S0N, t4,1 Dory. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York. New York 10179 Ore Mevolech Oentet North Beccidon. New Ye* I1201.3859 STEARNS EPSTEIN INTERESTS 5 vi STATEMENT PER.00 April 26.2003 THROUGH May 30.2003 Transaction Detail ACCOUNT NUMBER TAXPAYER MaER On File MONEY FUND ACTIVITY LAST STATEMENT *11 25.2003 DATE MODAY TRANSACRCN DESCRIPTION SlaKettnii, WMITRY PRICE DEBIT AMOUNT CREDIT AMOUNT 04/26/03 OPENINGBALANCE 836.135.40 05/01/03 DIVIDEND BFANdianr crn MONEY BSN1XX 820.14 RECORD 04/30+03 PAY 04+30103 05/01/03 REINVEST BEAR STEARNS PRIME MONEY BSN1XX 820.14 820.14 MARKET PORTFOLIO CL Y REINVEST PRICE $ 1,00 05130/03 CLOSINGBALANCE 836.955.54 TOTAL $820.14 $820.14 End of Statement 027 053103:15:30 001 V644 EFTA00195147 CLEARED THRCOGH ITS WHOLLY 01W.ED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Ban. SIWAS SOOtribtl Gal). Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue ho Mentech Cooler North Brock/on, Neu rem 1120/3859 STEARNS New York, New York 10179 EPSTEIN INTERESTS CHERMAN.IRA STATEMENT PERIOD March 29.2003 ACCOUNT EXECUTIVE TELEPHONE THROUGH April 25.2003 VISIT OUR WEBSITE nmwoetystearns.com ACCOUNT NUMBER What's In This Statement 11111 TAXPAYER NUMBER On Fee LAST STATEMENT Muth 28.2003 Financial Summary 3 EPSTEIN INTERESTS 4 DTD 12/26(91 Your Portfolio Holdings JEFFERY E EPSTEIN & MARK L Transaction Detail 5 EPSTEIN & WILLIAM ELKUS TTEES Fund Activity 5 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022.6843 Your Portfolio at a Glance Market Value of Your Portfolio NET CREDIT BALANCE 3.458 Cash & fourslent — 4N 59 49 338 664 MONEY MARKET FUND BALANCE 836.135 Current market value Mg Last statements market value NET EQUITY THIS PERIOD $839,593 NET EOUITY LAST STATEMENT 938.664 CHANGE SINCE LAST STATEMENT -99.071 'Ms portfolio dicluda ono or man unpilcod acorn°. rat No not related a Iv Taal WAN of Secabos and ao Not Eque/ Thy Portal There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Plo.vie road ony clabronoo a ft/Iwo/via of tacos or socks, nolicolod as doltroral lo you. Atei . tin for N110, 1601M1moons Sy a k sanded n a U. docmvutt lo Oeni Sonic*. of 8006141428: a wt lo ChM Santos a Boot. &oar@ SecoMos Tim suttonvra Maid be Maned for your records Soo worn So fa mann Mammon Cap.. Caw LleamIali Cala Ham. Broo11,n, N Y 112014859 027 042603:12:12 001 EFTA00195148 CLEARED 1NROUON RS YrisekLY 0"E0 SUBSIDIARY Beer. SZeirns SON, 14,1 COO. Ceol.letioloch Cantot North Broeklln• New Volt 11201.3859 EPSTEIN INTERESTS 2 or e STATEMENT BACKER IS PRINTED ON THIS PAGE 027 04,2603:12:12 001 Y643 EFTA00195149 CLEARED THROUGH ITS CAM‘.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Slea•ns S0N, 14,1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 OtoLlevalech Conte NOM etCCk/01. New Year 1120141359 STEARNS EPSTEIN INTERESTS 3 c/ STATEMENT PERIOD March 29.2003 THROUGH ADM 25.2003 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER AMBER On File THIS PERI00 OPENING aoSw0 LAST STATEMENT Much 28.2003 Opening Balance $23.452.20 Cash 23.452.20 3.458.06 Money Fund 80.923.27 Net Cash Balance $23,452.20 $3.458.06 Dividends/Interest 5.86 Amount Credited $80.929.13 Money Fund -923.27 Income Summary 1116 PERIOD YE0R 70 DATE Funds Withdrawn -100.000.00 Dividends 923.27 2,746.47 Amount Debited $-100.923.27 Credit Balance Int. 5.86 49.78 Net Cash Activity -19.994.14 Total $929.13 $2,796.25 ClosingBalance $3.458.06 Your Portfolio Portfolio Composition Allocation CastirCash Equivalent 839.593 Total $839.593 Cash & Ego/Went — 100% UnsPead morons denote oar Deena *nee l ,o•I mane ',Mae The Olocot'' ;event'', to awed Wm Ow 00101.te market rat), 01 Kv patio" 027 01,2603:12:12 001 •/643 EFTA00195150 CLEARED THROUGH ITS wilekLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, ht) COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Non York 10179 Ore Mem:tech CarrIN North &Wort New re* 11201'3959 STEARNS EPSTEIN INTERESTS 4 c, STATEMENT PERIOD MIMI 29.2003 THROUGH *11 25.2003 Your Portfolio Holdings ACCCUNT NUMBER TAXPAYER /AMBER On File CASH & CASH EQUIVALENTS LAST STATEMENT March 28.2003 MARKET ESTILMIED OJRP£NT DESCRIPTION SMBOLCUSIP (WARM FRU VALUE ANWAL INCOME YEW I%) CASH BALANCE 3.458 BEAR STEARNS PRIME MONEY BS1.4)D( 836,135.40 1.0000 836.135 9.448 1.1300 MARKET PORTFOLIO CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS $839.593 $9.448 EQUITIES Equities & Options ADC! MIAMI FEMME° CINIFerr DESCRFRON SYMECIAUSIP TIN O'.N•fln PRCE VALLE ANKIAL INCOME YEW I%) BANPAIS SA-SPONSOREDADR BPIBY CASH 20.000 Unprood REPSTG 6 SER L SHS TotalEquities& Options SO SO TOTAL EQUITIES SO SO YOUR TOTAL ESTIMATED ANNUAL INCOME $9.448 YOUR PRICED PORTFOLIOHOLDINGS $839,593 027 642&03:12:12 001 TEO EFTA00195151 CLEARED THROUGH ITS niCkLY OW•E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Mon:tech Corer North BecciOon. New Ye* I1201.3SS9 STEARNS EPSTEIN INTERESTS 5 c, STATEMENT PERIOD March 29.2003 THROUGH *11 25.2003 Transaction Detail ACCCUNT NUMBER TAXPAYER WESER On File DEPOSITS AND WITHDRAWALS LAST STATEMENT MVO 28.2003 DATE TRANSACT-4N DESCRPT1CN DEBT AMOUNT CREDIT AMOUNT 04/02/03 FND WIRED IRED TO 50,000.00 FD#05491 333 UNIT 04/22/03 FND WIRED millitfa irIRED 10 50,000.00 F#304094 MONEY FUND ACTIVITY DATE MORAY TRANSACTION DESCRIPTICN SYMEISUCUSIP CcANII- r DEBIT AMOUNT CREDIT AMOUNT 03/29/03 OPENINGBALANCE 915 tareYEZNITROZZINITY AUX 923.27 MARKET PORTFOLIO CL Y RECORD 03/31103 PAY 03/31/03 Mikii761- 111FiggY tareYEZMITROZZINITY BSMXX 9L5. 7 92 .27 MARKET PORTFOLIO CL Y REINVEST PRICE $ 1,00 04/02/03 SOLD BEAR STEARNS PRIME MONEY BSMXX -30.000 1.0000 30.000.00 MARKET PORTFOLIO CL 04/22/03 SOLD MONEY BSMXX -50,000 1.0000 50.000.00 04/25/03 CLOSINGBALANCE 836,135.40 TOTAL $-923.27 $80,923.27 027 0442603:12:12 001 5043 EFTA00195152 CLEARED THROUGH ITS YrisekLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 Dap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Dec Metsolech Cantot North BecciOon. New Ye* 112014559 STEARNS EPSTEIN INTERESTS 6 STATEMENT PERIOD Minh 29.2003 THROUGH April 25.2003 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER AMMER OR File INTEREST LAST STATEMENT MVO 28.2003 DATE DESORPTION SYMEICloCUSIP OVANTITY RATE I%) DEBIT AMOUNT OREM AMOUNT 04/21/03 INTEREST ON CREDIT BALANCE 0.7500 5.86 AT 03/4% 03/21 THRU 04/20 TOTAL $5.86 Endof Statement 027 04/2603:12:12 001 Yt.43 EFTA00195153 CLEARED THROUGH ITS WHOU.Y OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BON. SISNOS SONNSOT CO•0. BEAR Bear. Stearns 8 Co. Inc. Ono Motrotoch Confer North 383 Madison Avenue Brecklin. New York 112013859 STEARNS New York Nee York 10179 EPSTEIN INTERESTS STATEMENT PER100 Myth 1.2003 ACCOUNT EXECUTIVE ZICHERMAN.IRA TELEPHONE THROUGH March 28.2003 VISIT OUR WEBSITE IVIA1 uearstearns.com ACCOUNT NUMBER What's In This Statement IlllIlllllllllllllllllllllllllllllllllllllllllllllllllllllll TAXPAYER NUMBER On File LAST STATEMENT February 28.2003 Financial Summary 3 EPSTEIN INTERESTS DTD 12/26191 Your Portfolio Holdings 3 JEFFERY E EPSTEIN & MARK L Transaction Detail 5 EPSTEIN & WILLIAM ELKUS TTEES Fund Activity 5 457 MADISON AVENUE 4TH FLR Your Messages 6 NEW YORK NY 10022-6843 Your Portfolio at a Glance Market Value of Your Portfolio 5938.864 NET CREDIT BALANCE 23.452 Cash & Equveatent ... ... $937.799 MONEY MARKET FUND BALANCE 915.■ Current market vane NET EQUITY THIS PERIOD $938,664 Eig Last statements market value NET EQUITY LAST STATEMENT 937.799 CHANGE SINCE LAST STATEMENT 866 'Rd portfolio ncludos ono of mon urpelco5 socurnos rat No na NINON, nix Total Yen of Secualos and OH No hoer nn Portal There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Plo.mo noon Nor Olforwoo a nontooNot ol duds or stocks. calcolod as cloltrogoti to rya. Amy ThEl asTamorY to for IFSOusbousl panes My a k rc4 NOM Mita. 000.Thart to DON Sone*, of 80004-1428: a NU to Choi Smokes al Boas. Steam &curries Rn statement seald be retained for your records Soo reverse S. for Irrprlart rdormagn Ca,.. Ono Mekolecl, Coolly North. BrooNyn, NY. It2obsess 027 03,220311:i2 001 Y642 EFTA00195154 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ore Momloch Cantot North Broeklln• New Volt 11201.3859 EPSTEIN INTERESTS 2 or e STATEMENT BACKER IS PRINTED ON THIS PAGE 027 012903:11:19 001 V642 EFTA00195155 CLEARED THRWQH ITS niCkLY ORM,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns Seca0k1 Cory. Bear. Stearns 8 Co. Inc. BUR 383 Madison Avenue New YY New York 10179 Ore Mem:kV+ Cardet North eeccidon. New Ye* 112014859 STEARNS EPSTEIN INTERESTS 3 STATEMENT PERIOD March 1.2003 TNRouGH March 28.2003 =Rouen NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER WESER On File THIS PEN00 OPENING CLOSING LAST sTATEmENT Ethernet), 28.2003 Opening Balance $23.438.53 Cash 23.43553 23.452.20 Money Fund 852.40 Net Cash Balance $23,438.53 $23,452.20 Dividends Interest 1357 Amount Credited $866.07 Money Fund -852.40 Income Summary TIC PERIOD YEM TO DATE Amount Debited $-852.40 Dividends 852.40 1.823.20 Net Cash Activity 1357 Credit Balance int. 13.67 43.92 Total $866.07 $1.867.12 ClosingBalance $23.452.20 Your Portfolio Portfolio Composition Allocation Cash,Cash Equivalent 938.664 Total $938.664 Your Portfolio Holdings CASH & CASH EQUIVALENTS MARKET ESTIMATED CURRENT I% DESCRPRON EaCVSIP QUANTITY PRICE VALUE AMU& INCOME VELD Cash 8 Eq.eialent — CASH BALANCE 23,452 100% VasPoled orDons denote Oat Dino, *nee Orr male voLee lTa olocahm ;event'', ty clewed horn Ow oblol.te market rat), a1 >vv palkno 027 012403:11:19 001 Y602 EFTA00195156 CLEARED THRWGH ITS ?RIMY OW,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns S0N, 14,1 Cory. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Ore Metsolech CarrIN North Becci0on. New Ye* 11201 3959 STEARNS EPSTEIN INTERESTS 4 c, STATEMENT PEEPS Mann 1.2003 THROUGH Match 28.2003 Your Portfolio Holdings (continued) ACCOUNT NUMBER TAXPAYER MASSER ON File CASH & CASH EQUIVALENTS (continued) LAST STATEMENT February 28.2003 /MRXET ESTIMATED CURRENT DESORPTION SYMBOUOUSIP OUNO rl FREE VALUE AMU& INC0I& YELO NG BEAR STEARNS PRIME MONEY BSIA)C( 915 1.0000 915,. 10,708 1.1700 MARKET PORTFOLIO CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS $938.664 $10,708 EQUITIES Equities & Options ACCT WW1 ESTIMATED CURR5VT DESORPTION SIMBWOUSIP TYPE OUAMITT PRCE VALUE ANNUAL INCOME YELD BANPAIS SA-SPONSOREDADR BPIBY CASH 20,000 Unprioed REPSTG 6 SER L SHS Total Equities& Options SO $0 TOTAL EQUITIES SO $0 YOUR TOTAL ESTIMATED ANNUAL INCOME $10.708 YOUR PRICED PORTFOLIOHOLDINGS $938,664 027 012003:11:19 001 VE02 EFTA00195157 CLEARED THROUGH ns ?mow, °MED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC,,44,1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 0-4 Meesetech Cella North Beccmon. New Ye* 112012859 STEARNS EPSTEIN INTERESTS 5 STATEMENT PERIOD March 1.2003 THROUGH March 28.2003 Transaction Detail ACCCUN1T NUMBER TAXPAYER AMBER On File MONEY FUND ACTIVITY LAST STATEMENT Favaruaty 28.2003 DATE itavAr UW1;14101 DESCAIPTI3N SYMEAUCUSIP OUMFMT PACE DEBIT AMOUNT CREDIT AMOUNT 03/01/03 OPENINGBALANCE 914,359.73 03/03/03 DIVIDEND BFAREymmattfc, MONEY 8SMXX 852.40 RECORD 02/28103 PAY 02/28.63 03/03/03 REINVEST BEAR STEARNS PRIME MONEY BSMXX 852.40 852.40 MARKET PORTFOLIO CL Y REINVEST PRICE $ 1,00 03/28/03 CLOSINGBALANCE 915.M TOTAL $4352.40 $852.40 INTEREST DATE OESCRSTION SYkIDWCUSIP OUNIRITT RATE N CENT AMOUNT °TIENT AMOUNT 03/21/03 INTEREST ON CREDIT BALANCE 0.7500 13.67 AT 0 3/4% 02121 THRU 03/20 TOTAL $13.67 027 002003:11:IR 001 VS02 EFTA00195158 CLEARED THROUGH ITS niCkLY OtM.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns S0N, t4,1 Dap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Cc* Metsolech Contof North Beccidon. New To* 11201.3859 STEARNS EPSTEIN INTERESTS 6 STATEMENT PERIOD March 1.2003 THROUGH March 28.2003 ACCCUNT NUMBER TAXPAYER PA/USER On File Your messages LAST STATEMENT Femme)/ 28.2003 Bear, Stearns Securities Corp, Net Capital and Net Capital Pursuant to SEC Rule 11Ac1.6, please note the following: Requirements: Bear Steams & Co, Inc, will post its quarterly routing statistics at the At November 30, 2002 and January 31, 2003, the Company's net following web link: http://wvnv,bearsteams,comf, capital of approximately $2.4 billion and $2.4 billion was 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, $716.3 million and $684.1 million by approximately $1.7 billion and Specifically, you may request the identity of the venue to which the $1.7 billion, all respectively. identified orders were routed for execution, whether the order was directed by you to that venue, and the time of the executions, if any, that A complete copy of the Bear, Stearns Securities Corp. Statement resulted from such orders. of Financial Condition is available on the web site ww.v bearstearns.com Alternatively, to request a free printed copy please call • toll free - 1.866.299.9331, End of Statement 027 012903:11:19 001 Y602 EFTA00195159 CLEARED THRCOGH ITS YiHOU.Y 01ThED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Stir. SIWAS SOO‘rilitl COr0 Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Oa* Novae<h Center Noah 8tCCidel, Nee Tett 11201.3859 STEARNS EPSTEIN INTERESTS STATEMENT PERIOD February 1.2003 ACCOUNT EXECUTIVE ZIC,REHMAN.IRA TELEPHONE THROUGH February 28.2003 VISIT OUR WEBSITE ceenv xer step com ACCOUNT NUMBER What's In This Statement Mifflin° lllllllllllllllllllllllllllllllllllllllllllll l.1 TAXPAYER NUMBER On Ale LAST STATEMENT January 31.2003 Financial Summary 3 EPSTEIN INTERESTS DTD 12/26(91 Your Portfolio Holdings 3 JEFFERY E EPSTEIN & MARK L Transaction Detail 5 EPSTEIN & WILLIAM ELKUS TTEES Fund Activity 5 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022-6843 Your Portfolio at a Glance Market Value of Your Portfolio Cash & Equvalent S937.799 NET CREDIT BALANCE 23.439 RWiti $938.812 MONEY MARKET FUND BALANCE 914.360 ME Current market value RE Last statements market value NET EQUITY THIS PERIOD $937,799 NET EOUITY LAST STATEMENT 936.812 CHANGE SINCE LAST STATEMENT 986 •ThIS p0010110 nOludel an or morn uwescoa SOCutOOS rat we not roloctecl rite TOM Woe of Secybos ardlllo Not Ewe/ Tin Portal There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. P10•50 tOP0I1 oaf Offeronoe a nontoomm of &edit or SWIM memos.] as 41011i0OXI 10 ,tu. kw noluenal panes ally I Is banded n Cu Onset 10 0001 Sworn of 800614-1128: a yam lo Clam Somon a Bow. Room &comes Cap.. On. LloYok•-li Coolly North. BrooMri, NY Ii2obsess gi Tin Katemorm Man r 1/ 06 anTerY in n Waned for your records $n nen Se fa irrixelact plamtann 027 0101.03:13:32 001 vial EFTA00195160 CLEARED 1NROUON RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.letsolech Cella North Brocklln• New VC* 11201.3859 EPSTEIN INTERESTS 2 of s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0301.03:13:32 001 V641 EFTA00195161 CLEARED THROUGH ITS ...RIMY 1b.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SON, t4,1 COO. Bear. Stearns & Co. Inc. BUR 383 Madison Avenue New Y New York 10179 Ore Metsolech Center NOM etCCk/01. New Yuk 11201.3859 STEARNS EPSTEIN INTERESTS 3 STATEMENT PERIOD February 1,2003 THROUGH February 28.2003 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER WESER On File THIS PERIOD OPENING, aosno LAST STATEMENT January 31.2003 Opening Balance $23.423.40 Cash 23.423.40 23.438.53 Money Fund 970.80 Net Cash Balance $23.423.40 $23,438.53 Dividendsllnterest 15.13 Amount Credited $985.93 Money Fund -97D80 Income Summary 1116 PERIOD YEAR TO DATE Amount Debited $-970.80 Dividends 970.80 970.80 Net Cash Activity 15.13 Credit Balance Int. 15.13 30.25 ClosingBalance $23.438.53 Total $985.93 $1.001.05 Your Portfolio Portfolio Composition Allocation Cash,Cash Equivalent 937.799 Total $937,799 Your Portfolio Holdings CASH & CASH EQUIVALENTS MARKET ESTIMATED CURRENT DESCRPRON SimECLOVSIP QUANTITY PRICE VALUE ANNA. INCOME VELD PH Cash & CASH BALANCE 23,439 10014 Unt.edecl POMOnS denote debt blonde *nee Or, mane veLee The elms", ;event'', ty owed Wm Uo ebsol.te market rat), ol,ev palloo 027 010I(03:l 2:32 001 vE41 EFTA00195162 CLEARED THRWGH I1S V/liCkLY OMT,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirn5 SON, t4,1 GOO. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York. New York 10179 Ore Metsolech Center North Beccidon. Hew VC* I I201.38S9 STEARNS EPSTEIN INTERESTS 4 c/ STATEMENT PERIOD February 1, 2003 THROUGH Febtumy 28.2003 Your Portfolio Holdings (continued) ACCOUNT NUMBER TAXPAYER MASSER On File CASH & CASH EQUIVALENTS (continued) LAST STATEMENT January 31.2003 MARKET ESTIMATED CURRENT DESORPTION SYMBOUOUSIP OUMITITT PRICE VALUE NWAIL NOM YIELD IV BEAR STEARNS PRIME MONEY BSIA)C( 914,359.73 1.0000 914.360 11,064 1.2100 MARKET PORTFOLIO CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS $937.799 $11.064 EQUITIES Equities & Options ACCT MANCE1 ESTIMATED CURR5VT DESORPTION SIMBOUOUSIP TYPE OUAMITT PRCE VALUE ANNUAL INCOME TM I%/ BANPAIS SA-SPONSOREDADR BPIBY CASH 20,000 Unprioed REPSTG 6 SER L SHS Total Equities& Options SO $0 TOTAL EQUITIES SO $o YOUR TOTAL ESTIMATED ANNUAL INCOME $11.064 YOUR PRICED PORTFOLIOHOLDINGS $937.799 027 0101,133:1332 031 VC41 EFTA00195163 CLEARED THROUGH ns vngsly °MED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BNB. Saea•ns S0C‘nbti COO. Bear. Stearns 8 Co. Inc. BUR 383 Madison Avenue New Y New York 10179 CeoLlevoloch Cantof North Beccidon. New Year 11201.3859 STEARNS EPSTEIN INTERESTS 5 STATEMENT PERIOD February 1.2003 THROUGH Fabius.). 28.2003 Transaction Detail ACCOUNT NUMBER TAXPAYER KAMER CO Ede MONEY FUND ACTIVITY LAST STATEMENT January 31.2003 DATE statiav TRANSACTON DESCRIPTION SYMBOUCUSIP owarrny press DEBIT AMOUNT CREDIT AMOUNT 02/01/03 OPENINGBALANCE 913,388.93 02/03/03 DIVIDEND imempoiervmoNEy BSMXX 970.80 RECORD 01/31/03 PAY 01/31/03 02/03/03 REINVEST BEAR STEARNS PRIME MONEY BSMXX 970.80 970.80 MARKET PORTFOUO CL Y REINVEST PRICE $ 1.00 02/28/03 CLOSINGBALANCE 914.359.73 TOTAL S-970.80 $970.80 INTEREST DATE OESCFOPTION STAIDCliCUSIP OUPATITY RATE N CENT AMOUNT CREDO amour 02/21/03 INTEREST ONCREDIT BALANCE 0.7500 15.13 AT 0 3/4% 01/21 THRU 02/20 TOTAL $15.13 End of Statement 027 O1OiD3:i3S2 001 VE.41 EFTA00195164 CLEARED IHRCOGH ITS YiNOV.*? 01ThED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SleamS SeCwilitl COT. Bear. Stearns 8. Co. Inc. BEAR 383 Madison Avenue New York Nell York 10179 Ctm tlevotech Cooler Noah 8tCCidel, Nee Tex 1120/3859 STEARNS EPSTEIN INTERESTS STATEMENT PERK* January 1.2003 ACCOUNT EXECUTIVE TELEPHONE THROUGH January 31.2003 VISIT OUR WEBSITE iTIAV uearstearns.com ACCOUNT NUMBER What's In This Statement tillllllllll lllll 11111111111Ill I I I II I I Ill I I III I I Ill 11 111I1 TAXPAYER NUMBER On Pus LAST STATEMENT December 31.2002 Financial Summary 3 EPSTEIN INTERESTS DTD 12/26(91 Your Portfolio Holdings 3 JEFFERY E EPSTEIN & Transaction Detail 5 Fund Activity 5 457 MADISON AVENUE 4TH FLR Your Messages 6 NEW YORK NY 10022-6843 Your Portfolio at a Glance Market Value of Your Portfolio Cash S Equvalent $938,812 NET CREDIT BALANCE 23.423 ... ... ... 8935.778 MONEY MARKET FUND BALANCE 913.389 Current market value AM Last statements market value NET EQUITY THIS PERIOD $936,812 NET EOUITY LAST STATEMENT 935.778 CHANGE SINCE LAST STATEMENT 1.034 •ThIS p0010110 MOludt1 COO or mom ureescad SOCutOOS rat No not rotated r te Taal Yen of Secwbos and leo Not Eq This Ponca There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. PNro MOW art/ arracaree a r,:orcKeLet of rd's or MOCKS. old1C0100 as clatrogott l0 pau. 1/...OTOWY for OlCOlselalnl panes My e k not "'eroded acorn doom.' to Clem Swam at 800134-1428: a veto to Clam SONIC.). at Bow. Steam &comes Tin statement amid be retained for your records See reverses,* for mortar" "donut= Ca,.. Caw lActokKa Carla, North. BrooNri N Y 112014859 027 0201.03:15:36 001 YEA0 EFTA00195165 CLEARED 1NROUON RS witDirt 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.levoloch Cella North Beano. New it* I201.3SS9 EPSTEIN INTERESTS 2 or STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0201,03:15:36 001 VS40 EFTA00195166 CLEARED iHRWGH ITS ?ACLU" OHnE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. szeirns socv,ht, GNP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Mevolech Cord Nona Becciorn. New Vox 11201.3859 STEARNS EPSTEIN INTERESTS 3 STATEMENT PER100 January 1.2003 THROUGH January 31.2003 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER AILIUSER On File THIS PEFICO LAST STATEMENT December 31.2002 Opening Balance $23.408.28 Cash 23.408.28 23.423.40 Money Fund 1.018.73 Net Cash Balance 523.408.28 523.423.40 Dividends/Interest 15.12 Amount Credited $1.033.85 Money Fund -1.018.73 Income Summary TM PERIOD YEAR TO DATE Amount Debited $1.018.73 Credit Balance Int. 15.12 15.12 Net Cash Activity 15.12 Total $15.12 $15.12 ClosingBatance $23.423.40 Portfolio Composition Your Portfolio Cash Cash Equivalent 936.812 Allocation Total $936.812 Your Portfolio Holdings CASH & CASH EQUIVALENTS WRNS ESTIMATED CURRENT DESCRPRON SimECLIXISIP QUANTITY PRICE VALUE ANNA. INCOME VELD IN Cash & EN:relent- CASH BALANCE 23,423 100% Caton(' pOMOnS deem debt bleep, *NW Op, mar4ot v01,0, The ohms", ;event'', ty clewed Dom Uo ebsoLite market rat), 01 ycv patio" 027 0201,03:15:36 001 V640 EFTA00195167 CLEARED IHRWOH I1S WHOLLY OHBE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szea•ns S0N, t4,1 Cat. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York. New York 10179 Ore Metsolech Contet North Mecidon. New Tok I i2DI.38S9 STEARNS EPSTEIN INTERESTS 4 ri STATEMENT PERIOD January 1.2003 THROUGH January 31.2003 Your Portfolio Holdings (continued) ACCOUNT NUMBER TAXPAYER PANDER Co File CASH & CASH EQUIVALENTS (continued) LAST STATEMENT December 31.2002 MARKS ESTIMATED CURRENT DESORPTION SYMBOUCUSIP OUANRTY PACE VALUE MNUIL INCOME YELD l%1 BEAR STEARNS PRIME MONEY BStA)C( 913,388.93 1.0000 913.389 11,235 1.2300 MARKET PORTFOLIO CL DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS $936.812 $11,235 EQUITIES Equities & Options ADC! WW1 ESTMATE0 CURRINr DESORPTION EMBOL:US. TYPE OUAMITY PACE VALLE ANNUAL INCOME VELD IV BANPAIS SA-SPONSOREDADR BPIBY CASH 20,000 Unprioed REPSTG 6 SER L SHS Total Equities& Options SO $0 TOTAL EQUITIES SO SO YOUR TOTAL ESTIMATED ANNUAL INCOME $11.235 YOUR PRICED PORTFOLIOHOLDINGS $936,812 027 0201,03:16:36 001 Vt40 EFTA00195168 CLEARED THROUGH DS ?mow, CAM,;(0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saee•ns SON, t4,1 Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Nebotech Cerra North Becck/on. New VC* 11201.3859 STEARNS EPSTEIN INTERESTS 5 STATEMENT PERK* January 1.2003 THROUGH January 31.2003 Transaction Detail ACCOUNT NUMBER TAXPAYER KINSER On File MONEY FUND ACTIVITY LAST STATEMENT December 31.2002 DATE M3DAY TRAN,SICTON DESCRIPTION SYMEAUCUSIP crumerry erase Oen AMOUNT CREDIT AMOUNT 01/01/03 OPENINGBALANCE 912,370.20 01/02/03 REINVEST opEywouticMONEY 89.4X% 1.018.73 1.018.73 REINVEST PRICE $ 1.00 01/02/03 DIVIDEND BEAR STEARNS PRIME MONEY 89.4X% 1,018.73 MARKET PORTFOUO Cl. Y RECORD 12/31/02 PAY 12/31/02 INCLUDED IN 2002 1099 01/31/03 CLOSINGBALANCE 913,388.93 TOTAL 5-1,018.73 $1,018.73 INTEREST DATE OESCRPTION SYMEICIJSUMR QUANTITY RATE I%/ DEIST AMOUNT OTECIT mecum 01/21/03 INTEREST ON CREDIT BALANCE 0.7500 4.88 AT 0 3/4% 12/21 TNRU 12/30 01/21/03 INTEREST ON CREDIT BALANCE 0.7500 10.24 AT 0 3/4% 12/31 THRU 01/20 TOTAL $15.12 027 02.0103:15:36 001 VSIO EFTA00195169 CLEARED THROUGH ITS yoseirl GHTEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. S1ea•n5 SONT5t1 COTT Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York. New York 10179 CycLIcemiech Cantm North Mecioon. New TN* 112014859 STEARNS EPSTEIN INTERESTS 6 c/ STATEMENT PER100 January 1.2003 THROUGH January 31.2003 ACCCUNT NUMBER TAXPAYER AMBER On FIN Your messages LAST STATEMENT December 31.2002 The interest, it any, charged to your account during December 2002 was computed on the net debit balance through December 30, The interest, it any, charged to your account during January 2003 is computed from December 31, 2002, End of Statement 027 02401,03:15:36 001 YEAO EFTA00195170