EFTA00195431

Statements EFTA00195431 CLEARED THRCOGH ITS ?RIMY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Steams Seciribtf COM Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York. Nen York 10179 Dec Mevolech Corder North Beccidon. New To* 11201.1559 STEARNS FINANCIAL TRUST CO INC ACCOUNT EXECUTIVE GNMA GOVT BOND STATEMENT PERK* November 29.2003 VISIT OUR WEBSITE wenv.bearstearns.com THROUGH December 31.2003 ACCOUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER M.103ER On File LAST STATEMENT November 28. 2003 Financial Summary 1 FINANCIAL TRUST CO INC Your Portfolio Holdings 2 0/0 JEFFREY EPSTEIN Transaction Detail 3 6100 RED HOOK QUARTER Your Messages 4 STE 63 ST THOMAS VI 00802 Cash Flow Analysis Cash Balance Summary THIS PEPo00 ctoshc Opening Balance $0.18 Margin 0.18 0.49 Important Message II any information regarding Securities Said 39,793,750.00 2003interest. dividends. Net Cash Balance $0.18 $0.49 miscellaneous income. Dividends/Interest 58,606.56 gross proceeds or original issue discount is required Amount Credited $39.852.356.56 to be reported to the IRS for this account, a Consolidated Form 1099 Securities Bought -39,736,535.03 Income Summary will be mailed to you by TispeRro TEAR TO DATE February 2,2004or a 1O42S Miscellaneous -115.821.22 U.S. Govt. Bond Int. 58.606.56 2.153.257.88 by March 15,2004. Amount Debited $-39,852.356.25 Credit Balance Int. 0.00 225.80 Net Cash Activity 0.31 Reverse Repurchase Int. 0.00 32,666.67 Total $58.606.56 $2,186,150.35 Closing Balance $0.49 Bond Purchase Int. 0.00 -532,378.76 Margin Int. Paid 0.00 -111.71 Repurchase Int. Exp. -36.535.03 -255.320.39 summary foe nformatimai purposes orly X is rat mended as gifl The docenwes The unmet Mould be mania Ice cer records See referee eck fee mpecure riconatke 027 ON01.00:12:17 001 vete EFTA00195432 CLEARED IHRWOH ITS 'ARMY OATEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SONPARI COO' Bear. Stearns & CO. Inc. BEAR 383 Madison Avenue New York, Nen York 10179 Ore Mem:Icon Car:tog North ReoNtAn. New Toot M201'3859 STEARNS FINANCIAL TRUST CO INC 2 cr STATEMENT PERIOD November 29.2003 THROUGH December 31.2003 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER KINSER Co Fite LAST STATEMENT November 28.2003 MARKET ESTIMATED CuAPENT or:scaly-ion E•m110. OSA QUANTITY PACE VALUE NNIJAL IntWE V SO I%) CASH BALANCE TOTAL CASH & CASH EQUIVALENTS Repurchase and Reverse Repurchase Transactions with Bear,Stearnsand Co.Inc. outstanding as of date of statement PURCAISE/ REPURCHASE ARCO(' PURCHASE PRICE) ACCRUED REPO OVANMY START DATE DATE RATE PRINOPAL INTEREST' (FACE AMOUNT) CUSP DESCRIPTION YOU SOLD USIA 3.1250 10/15/08 (REPO) 11/14/03 OPEN 0.750 9.987.500 -6.441 -10.000.000 YOU SOLID USIA 1.6250 09/30/05 (REPO) 12105/03 OPEN 0.800 -19.900.000 -14.250 -20.000.000 TOTAL REVERSE REPURCHASETRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $-29.887,500 $-20,691 As U <WO 027 ObOlt04:12:11 001 V8I8 EFTA00195433 CLEARED THROUGH ITS CAM.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 Cory. Bear. Stearns 8 Co. Inc. BUR 383 Madison Avenue New YY New York 10179 Dec Momloch Contof North Beano. New To* 112013559 STEARNS FINANCIAL TRUST CO INC 3 STATEMENT PERKO November 29.2003 THROUGH December 31.2003 Transaction Detail ACCCUNT NUMBER TAXPAYER WESER On Foe INVESTMENT ACTIVITY LAST STATEMENT November 28.2003 SETTLEMENT TRADE DATE DATE TRANSWIlDN DESORPTION SYMBOLICUSP CIUMMY lima DEED AMOUNT MDT A/A:x.1.7 12/05/03 12/04/03 SOLD UNITED STATES TREASURY NOTE -20,000,000 99.46875 19.893.750.00 rv ¢nQP%flO AC 01.625% MS 31 ACCR. INT. 58606.56 TY GVER REF TOTAL $19.952.356.56 REPURCHASE AND REVERSE REPURCHASETRANSACTIONS with Bear,Stearns& Co.Inc. SETTLEMENT TRADE DATE DATE TRAMAOTION DESCRPTION SYMBOAUSIP CVANTIW DEBIT AMOUNT CREDIT AMOUNT 12/05/03 JOURNAL UNITED URY NOTE -20.000.000 19.900.000.00 FRG 1.625 REPO AGREEMENT 12/05/03 JOURNAL UNITED STATES TREASURY NOTE 40.000.000 39.700.000.00 FRG 1.625 TERM REPO AGREEMENT 12/05103 INTEREST UNITED STATES TREASURY NOTE 36,535.03 DUE .625 FRG REPO I TOTAL 9-39.736 535.03 519.900.000.00 MISCELLANEOUS DATE wow 1PANSACTCN DESCRIPTOR DESI NACU11i CREW MOUNT 12105/03 RECEIVED UPON 1.6250 FINANCING NET PAIROFF DIFF 07/ OW1,04:12:17 001 YSTS EFTA00195434 CLEARED THROUGH ITS niCkLY OUt•E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szewns Secv, t.ti Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Non York 10179 CeoLletsetech Corder North Beccidon. New Tear II201.38S9 STEARNS FINANCIAL TRUST CO INC 4 vi STATEMENT PERIOD November 29.2003 THROUGH December 31.2003 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMMER On File MISCELLANEOUS (continued) LAST STATEMENT November 28.2003 DATE MOAT TPANSACTCN DESCRIPTION DEBT AMOUNT CREPT AMOUNT 12/08/O3 JOURNAL FITG FTIM 114,939.00 TOTAL $-115.821.22 Your messages Excess SIPC Account Protection Update Bear, Stearns Securities Corp. ('BSSC'), a member of the Securities Investor Protection Corporation (SIPC"), provides account protection for the net equity of a customer's funds and securities positions. SIPC provides $500,000 of primary net equity protection, including $100,000 for claims for cash ("SIPC Coverage"), Visit wamr,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 ('CAPC0'), 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 D1/01.04:12:17 001 YSIS EFTA00195435 CLEARED 1HROUGH NS vriseklY 0"E0 SUBSIDIARY 808r. SZeirns SBCOMk1 GOO. Ore lActsolech CaMot North Brocklln• New VC* 11201.3859 FINANCIAL TRUST CO INC 5 oi $ STATEMENT BACKER IS PRINTED ON THIS PAGE 027 01,01,04:12:17 001 11818 EFTA00195436 CLEARED THROUGH NS 095E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. &Meets Sec X*1 SOO. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Cam Mete:ten Come. North Beccichn. New Toot 11201.3859 STEARNS FINANCIAL TRUST CO INC STATEMENT PERO° NOYerriter 1.2003 ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WE8SITE wonv.bearsteams.com THROUGH NOyernter 28.2003 ACCOUNT NUMBER What's In This Statement 11.1III 11111111III II TAXPAYER KAMER On File LAST STATEMENT WOW 31.2003 Financial Summary 1 FINANCIAL TRUST CO INC Your Portfolio Holdings 2 C/O JEFFREY EPSTEIN Transaction Detail 3 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Cash Flow Analysis Cash Balance Summary THIS PERRY) OPENING CLOSITG Opening Balance $.-0.51 Margin -0.51 0.18 Securities Sold 19,935,937.50 Net Cash Balance 8-0.51 $0.18 Dividends Interest 25,614.75 Miscellaneous 181.59 Amount Credited $19,961.733.84 Income Summary pEmoo TIC TENT TO DATE Securities Bought -19,757,016.74 U.S. Govt. Bond Int. 25,614.75 2.094.651.32 Dividends/Interest Charged -17.41 Credit Balance Int. 0.00 225.80 Miscellaneous -204,699.00 Reverse Repurchase Int. 0.00 32,666.67 Amount Debited 6-19.961/33.15 Total $25.614.75 82.127,543.79 Net Cash Activity 0.69 Bond Purchase Int. 0.00 -532,378.76 Closing Balance $0.18 Margin Int. Paid -17.41 -111.71 Repurchase Int. Exp. -7.016.74 -218.785.36 St TIM elorreloOs peewees eery N net reereled as a tat cloarmor tratormre should be Maned for your words See men* ode ler rmArlAre richnelat 027 11,29.03:08:43 001 vets EFTA00195437 CLEARED THRWGH ITS ?RIMY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Sea•ns SOC.r.t.t1 GNP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue OtoMetsclech Gorda North Reccidon. New Yuk 11201.3859 STEARNS New York. New York 10179 FINANCIAL TRUST CO INC 2 vi STATEMENT PERK* Noserober 1.2003 THROUGH November 28.2003 Your Portfolio Holdings ACCCUNIT NUMBER CASH & CASH EQUIVALENTS TAXPAYER WEBER Cn Fite LAST STATEMENT amber 31.2003 IMRKET ESTIMATED CURRENT or:scan-ion S•MECL 0./StP Ourinmy PACE VALUE MNJAL flltO E VE1.0 CASH BALANCE TOTAL CASH & CASH EQUIVALENTS Repurchase and Reverse Repurchase Transactions with Bear,Stearnsand Co.Inc. outstanding as of date of statement etrearme REPURCHASE PRICING PURCHASE PRICE) ACCRUED REPO %NNW START DATE DATE RATE PAINCTPAL MEREST' OM AMOUNT) CUSP DESCRIPTION YOU SOLD USIA 1.6250 09,30/05 (REPO) 10/17/03 OPEN 0.930 -39.700.000 -33.943 -40.000.000 YOU SOLD USIA 3.1250 10/15/08 (REPO) 11/14/03 OPEN 1.030 -9.987.500 -1.925 -10.000.000 TOTAL REVERSE REPURCHASETRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $-49.687.500 $.35.868 As a failtrilint <WO 027 11,29:03:08:43 001 eels EFTA00195438 CLEARED THROUGH ITS niCkLY CAM.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet SZeirns SOC.r.t.t1 Dap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Ore Mevelech Cella North 0eock11n. New Ye* 11201.3859 STEARNS FINANCIAL TRUST CO INC 3 vi STATEMENT PERIOD NOYernter 1.2003 THROUGH November 28.2003 Transaction Detail ACCCUNT NUMBER TAXPAYER WESER Cm Fite INVESTMENT ACTIVITY LAST STATEMENT OC10007 31.2003 SETTLEMENT TRADE DATE DATE "RANSCII7N cEsce RTION SYMBOL:CUSP OJAAINT7 PRCE DEBIT AMOUNT CREDIT Ah•DUNT 11/14t03 11/13/03 SOLD UNITED STATES TREASURY NOTE -10,000.000 99.48438 9,948,437.50 03.125% AO 15 ACCR. INT. 25.614.75 TM GiERRE TOTAL $9.974.052.25 INTEREST DATE DESCRIPTION SYMEICIJCUSIP OUMMTY RATE I%) DENT AMOUNT CREDIT AMOUNT 11/03/03 AVG BAL 5.422RT 3.852 17.41 021 OFFICE INTEREST 1003 TOTAL $-17.41 REPURCHASE AND REVERSE REPURCHASETRANSACTIONS with Bear,Stearns& Co.Inc. SETTLEMENT TRADE DATE DATE TRANSACTION DESCRFMON SVMSOL.CUSIP GUMMY OM AMOUNT CREDIT AMOUNT 11/14/03 JOURNAL sp. UNITED STATES TREASURY NOTE 32.5 FRG -10.000,000 9.987.500.00 REPO AGREEMENT 11/14/03 JOURNAL UNITEDISSURY NOTE 20.000.000 19.750.000.00 3125 TERM REPO AGREEMENT 027 n.2103:08:43 001 .818 EFTA00195439 CLEARED THROUGH ITS niCkLY 0%M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Best. Saes•ns SON, 14,1 Cot Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Non York 10179 Cc* Mon:tech Contec North Beccidon. New Tee I1201.3859 STEARNS FINANCIAL TRUST CO INC 4 v/ STATEMENT PERIOD November 1.2003 THROUGH November 28.2003 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER NUMBER OR Fite REPURCHASE AND REVERSE REPURCHASETRANSACTIONS (continued) LAST STATEMENT October 31.2003 SETTLEMENT TRACE DATE DATE TRANSACTION DESCRP'ICII SYME/ClCUSIP CUAARITY DEBIT AMOUNT cnEor AMOUNT 11/14/03 INTEREST UNITED STATES TREASURY NOTE 7,016.74 DUE ICE , ,12S FITG REPOT i TOTAL $-19.757.016.74 $9.987.500.00 MISCELLANEOUS DATE MOAT TRANSACTCN DESCRIPTCN DEBIT AMOUNT CREPT AMUNT 11/05/03 JOURNAL FITG FITM 17.00 11/14/03 DELIVERED FIT 164.59 UPON 3.1250 FINANCING NET PAIROFF DIFF 11/17/03 JOURNAL FITG FITM 204.699.00 TOTAL $.204.699.00 5181.59 End of Statement 027 11.2103:0843 001 Y818 EFTA00195440 CLEARED 1HROUGH NS vriseklY O"EO SUBSIDIARY 808r. Saea•ns S0N, t4,1 COO. Ore lActsolech Cantot North Brocklln• New VC* 11201.3859 FINANCIAL TRUST CO INC 5 oi $ STATEMENT BACKER IS PRINTED ON THIS PAGE 027 11,2803:08:43 001 11818 EFTA00195441 CLEARED 1HRCOGH ITS witetri OWLE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Smoot SO8ribtt Corp. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York. New York 1O179 G-o Momloon Corder North 8rosidon. New Toes 11201.1859 STEARNS FINANCIAL TRUST CO INC STATEMENT PER100 &SOW 1.2003 ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE wonv.bearsteams.com THROUGH Water 31.2003 ACCOUNT NUMBER What's In This Statement IIIIIIIIII1111111 II TAXPAYER MAI3ER LAST STATEMENT September 30.2003 Financial Summary 3 FINANCIAL TRUST CO INC Your Portfolio Holdings 4 CdO JEFFREY EPSTEIN Transaction Detail 5 6100 RED HOOK QUARTER STE 63 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash & Beatalent le l NET DEBIT BALANCE -1 $657 NET EQUITY THIS PERIOD $-1 Last statements market value ICI Short market value NET EQUITY LAST STATEMENT 657 CHANGE SINCE LAST STATEMENT -658 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. SIIK THEPanIPPOle demote:AN pawns only Ikra clouded &salmi:loans( Tros sinew% should be tor your records Soo reverse S. for mmorlad stemalce 027 1101.0113:19 001 vela EFTA00195442 CLEARED 1HROUGH ITS YrisekLY 1a.E0 SUBSIDIARY Beer. Saea•ns SOCaat.t1 COO. Ore Momtech Contet North Broeklln• New Ye* I1201.313$9 FINANCIAL TRUST CO INC 2 or e STATEMENT BACKER IS PRINTED ON THIS PAGE 027 11,01.03:13:39 001 Y818 EFTA00195443 CLEARED 1HRWGH ITS niCkLY OHnE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Screams SONH*1 Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Ore Mevolech Cella North Beccidon. New Year I1201.38S9 STEARNS FINANCIAL TRUST CO INC 3 c/ STATEMENT PERKO OttOtet 1.2003 THROUGH October 31.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER AMBER On FOB 116 PERIOD YEAR TO DATE THIS PERIOD LAST STATEMENT Seplefiltet 30.2003 OpeningBalance $657.05 U.S. Govt. Bond Int. 0.00 2.069,036.57 Credit Balance Int. 0.00 225.80 Securities Sold 59,450,000.00 Remise Repurchase Int. 0.00 32,666.67 Miscellaneous 235,658.00 Total $0.00 $2,101,929.04 Amount Credited $59,685.658.00 Bond Purchase Int. -33.606.56 -532,378.76 Securities Bought -59,581,250.00 Margin Int. Paid 0.00 -94.30 Funds Withdrawn -71.459.00 Repurchase Int. Exp. 0.00 -211,768.62 Dividends/Interest Charged -33.606.56 Amount Debited $-59.686.315.56 Portfolio Composition Net Cash Activity -657.56 SHORT LChG Closing Balance 5-0.51 CashtCash Equivalent Your Portfolio Total $1 Allocation Cash Balance Summary OPETANG CLOSING Margin 657.05 -0.51 Net Cash Balance $657.05 $-0.51 Shirt Cash & Equivalent — 100 Unthulecl retro, ' eon,* Oar 0len°, *nee Or, male vela, The Die:Wm ;event'', ty Po•ued Item to etnol.te market rat), pi ,ev portkno 027 11,01,03:13:39 001 Ye is EFTA00195444 CLEARED IHRWOH ITS wisC5LY 0M5R0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeirns S0NN*1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Coo Mevolech Cantet North Beccioon. New Yuk 11201.3859 STEARNS FINANCIAL TRUST CO INC 4 c, STATEMENT PERKO Water 1.2003 THROUGH OCICOM 31.2003 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER WEBER On File LAST STATEMENT September 30.2003 IMFME1 ESIMAIED CLAPENT Di-scan-mu S•mP1U0./SIP OUANTIT) FAME VALUE AANJAL I%) CASH BALANCE -1 TOTAL CASH & CASH EQUIVALENTS 5.1 YOUR PRICED PORTFOLIOHOLDINGS 5.1 Repurchase and Reverse Repurchase Transactions with Bear,Stearnsand Co.Inc. outstanding as of date of statement PIAICASE: REPURCHASE PRICIN3 PURCHASE PRICE ACCRUED REPO CAANTIRY START DATE DATE RATE MINERAL MEREST' (FACE AMOUNT) CUSP DESCRIPTION YOU SOW USTR 1.6250 09.130/05 (REPO) 10/17/03 OPEN 0.650 -39,700,000 -7.862 -40.000.000 YOU SOW USTR 3.1250 10/15/08 (REPO) 10/17/03 OPEN 0.200 -19.750.000 -5.535 -20.000.000 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $.59.450.000 5.13.397 'As a maxmoni claw 027 1101.03:13:39 001 V8I8 EFTA00195445 CLEARED THROUGH ITS yrtiCeci CrtME0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Perms brevet.* Cap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Cep Metroicen Corder North Broome. Hew VC* 11201.3559 STEARNS FINANCIAL TRUST CO INC 5 STATEMENT PERIOD October 1.2003 THROUGH October 31.2003 Transaction Detail ACCOUNT! NUMBER TAXPAYER MASER On File INVESTMENT ACTIVITY LAST STATEMENT SepteMbef 30,2003 SETTLEMENT TRADE DATE DATE TRANSACTiON DESCRIPTION EMAINEVCUSP OVANMY PRICE DEER AMOUNT CROW MID MT 10/17/03 10/16/03 BOUGHT UNITED STATES TREASURY NOTE 20.000,000 98.87500 19,775,000.00 03,125$ AO 15 ACCR. INT. 3,415.30 TY GVER REF 1W17/03 10/16/03 BOUGHT UNITED STATES TREASURY NOTE 40,000,000 99.51563 39,806,250.00 01,625$ MS 3I AC,CR. INT. 30.191.26 TY GVER REF 'RYA_ 3-59,614,856.56 DEPOSITS AND WITHDRAWALS DATE IRMISACTICei DEINTAMOLOTT CREDIT AMOUNT 10/03/03 FND WIRED MDASNUSWiRED 71.459.00 TOTAL $-71.459.00 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stearns& Co.Inc. SETTLEMENT MOE DATE DATE TRANSACTION DESCRPTION SYMEIWCUSIP varrf DEBIT /MOUNT CREDIT /MOUNT 10/17/03 JOURNAL UNITED STATES TREASURY NOTE -20.000.000 19.750.000.00 FRG 3 125 REPO AGREEMENT 027 11,01.03:13:39 001 Y818 EFTA00195446 CLEARED THRWGH ITS ?JINNI? OtM.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, 14,1 COO. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Momtech Centec North Beccidon. New VC* 11201.3559 STEARNS FINANCIAL TRUST CO INC 6 STATEMENT PERKO OCTOOSI 1.2003 THROUGH OCTOOSI 31.2003 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER NUMBER OR FOS REPURCHASE AND REVERSE REPURCHASETRANSACTIONS (continued) LAST STATEMENT Septeoter 30.2003 SETTLEMENT WAGE DATE DATE TRANSACTION DESCRFTCH STMEIWCUSIP WANTITY DEBIT AMOUNT CREDIT AMOUNT 10/17/03 JOURNAL UNITED TATE TREASURY NOTE -40.000,000 39.700.000.00 FRG 1.625 REPO AGREEMENT TOTAL $59.450.000.00 MISCELLANEOUS DATE MCIDAT TRANSACTION DESCRIPTION DEBIT AMOUNT CREPT AMOUNT 10/06/03 JOURNAL FITG TO FITM 1,338.00 10/10/03 JOURNAL FITG FITM 69,463.00 10/20/03 JOURNAL FITG FITM 38,459.00 10/21/03 JOURNAL FITG FITM 126,398.00 TOTAL $236658.00 End of Statement 027 11,01,03:13:39 001 PSIS EFTA00195447 CLEARED THROUGH ITS WHOLLY OHT.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeavn SODA.* Gat. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York. Net, York 10179 Cep Metralech Cornet North Bei:doom New Year 11201.3559 STEARNS FINANCIAL TRUST CO INC ACCOUNT EXECUTIVE GNMA GOVT BOND STATEMENT PERIOD August 30.2003 VISIT OUR WEBSITE www.bearsteams.com THROUGH Seplertbar 30.2003 AGCOLeuT NUMBER What's In This Statement IIII II I I I II I I II TAXPAYER NUMBER On File LAST STATEMENT August 29,2003 Financial Summary 3 FINANCIAL TRUST CO INC CIO JEFFREY EPSTEIN Your Portfolio Holdings 3 6100 RED HOOK QUARTER Transaction Detail 4 STE 63 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Important Message Bear Stearns is pleased to Sash & Equyalent $657 NET CREDIT BALANCE 657 $761 announce our conversion to a calendar month-end statement. Effective this NET EQUITY THIS PERIOD $657 Current market value month. your account Ed Last statements market value statement reflects all NET EQUITY LAST STATEMENT 751 activity and account valuation up to and CHANGE SINCE LAST STATEMENT -94 including the last business day of the month. There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Tfn sorrtoOrY Is for oforourrsoal POWS Crtly it NMI Mended as a tar dcarnirrI Tres trtatirnert should he nuns fa your records. Ste mem S. for rportart accruitim 027 11101t03:10:54 001 V813 EFTA00195448 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.letsolech Cantot North Broeklln• New Ye* 11201.38$9 FINANCIAL TRUST CO INC 2 or .1 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 100103:10:54 001 V813 EFTA00195449 CLEARED THRWGH ITS ?RIMY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Best. SZterns Seevehtl COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 CeoLlevolech Conte North Beccidon. New To* 11201.3559 STEARNS FINANCIAL TRUST CO INC 3 c/ STATEMENT Pomo° August 30.2003 THROUGH Seplernter 30.2003 ACCCUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER PUNTER On File THIS PERIOD 116 PERIOD YEAR TO DATE LAST STATEMENT August 29.2003 Opening Balance U.S. Govt. Bond Int. 0.00 2.069,036.57 $751.35 Credit Balance Int. 0.00 225.80 Dividends/Interest Charged -94.30 Reverse Repurchase Int. 0.00 32,666.67 Amount Debited $-94.30 Total $0.00 $2.101,929.04 Net Cash Activity -94.30 Bond Purchase Int. 0.00 -498,772.20 Margin Int. Paid -94.30 -94.30 Closing Balance $657.05 Repurchase Int. Exp. 0.00 -211,768.62 Cash Balance Summary Portfolio Composition OPP, PG CLOSING CashlCash Equivalent 657 Margin 751.35 657.05 Total $657 Your Portfolio Net Cash Balance $751.35 $657.05 Allocation Your Portfolio Holdings CASH & CASH EQUIVALENTS MOTET ESTIMATED CURRENT DESCRIPTOR SAIBOL'CUSIP OLIANTIN PRICE VALUE MNVAL INCOME Y8.01%) CASH BALANCE 657 TOTAL CASH & CASH EQUIVALENTS $657 Cash & Epartalent — 100% UnsPearl POMOnS denote oar 0lonce entre Orr marke ',Mao TI-e Dior:0m ;event'', to awes hem Oe, 00101.te market veto, el >es patio" 027 100103:10:54 001 V813 EFTA00195450 CLEARED IHRWOH ITS wuCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Stews& SocvN*1 COP Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Non York 10179 Ore Met:Nevi Comet North etCCi001. New VC* I1201.38S9 STEARNS FINANCIAL TRUST CO INC 4 C/ STATEMENT PERK* August 30.2003 THROUGH Sepiernter 30.2003 ACCCUNT NUMBER TAXPAYER WESER Cfl Fee LAST STATEMENT August 29.2003 Your Portfolio Holdings (continued) YOUR PRICED PORTFOLIOHOLDINGS $657 Transaction Detail INTEREST DATE DESORPTION SYMBOL/CUSP DUMMY RATE IN/ OM AMOUNT COEDIT AMOUNT 09/02/03 AVG BAL 34,583RT 2.887 94.30 021 OFFICE INTEREST 0803 TOTAL $-94.30 Endof Statement 027 MOLDS:10:54 001 Y813 EFTA00195451 CLEARED THRCOGH nS mutely GHT.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Bowes Seopoier Corp. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ce4 Metreinh Center North Beano. New VC* 112013559 STEARNS FINANCIAL TRUST CO INC STATEMENT PERIOD July 26.2003 ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE weny.bearstearns.com THROUGH August 29.2003 ACCCUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER MASER Co File LAST STATEMENT JUN 25. 2003 Financial Summary 3 FINANCIAL TRUST CO INC CAD JEFFREY EPSTEIN Your Portfolio Holdings 4 6100 RED HOOK QUARTER Transaction Detail 4 STE 63 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Important Message Bear Stearns is pleased to Cash & Egtwalent 5751 NET CREDIT BALANCE 751 announce our conversion to a calendar month-end statement. Effective NET EQUITY THIS PERIOD $751 NM Current market value September 2003.your N3 Last statements market value account statement will NET EQUITY LAST STATEMENT reflect all activity and account valuation up to and CHANGE SINCE LAST STATEMENT 751 including the last business day of the month. There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. St TM. mann/ a M, ', formational panne, only INFO vended sisals. none lln stateenere should be retailed to your records Se. mermen* he apnea sitanuCce 027 0&3003:13:15 001 Y912 EFTA00195452 CLEARED 1HROUGH NS vriseklY 0"E0 SUBSIDIARY Beer. Saee•ns SON, t4,1 COO. CeolActsolech Cantot North Brocklln• New VC* 11201.3859 FINANCIAL TRUST CO INC 2 or 7 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 083003:13:15 001 11812 EFTA00195453 CLEARED 1HRWGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. SZeirns S0N, 14,1 Dap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 OtoLlevelech Conte North Beccidon. New To* 11201.3859 STEARNS FINANCIAL TRUST CO INC 3 STATEMENT PER100 Jul/ 26.2003 THROUGH August 29.2003 ACCCUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER AVUSER Oil He DC PERIOD YEAR TO DATE THIS PEPo00 LAST STATEMENT Ju// 25. 2003 Opening Balance U.S. Govt. Bond Int. 388,417.12 2,069,036.57 $0.80 Credit Balance Int. 0.20 225.80 Securities Sold 85,869,531.25 Remise Repurchase Int. 0.00 32,666.67 Divideodstinterest 388.417.32 Total $388.417.32 $2,101,929.04 Miscellaneous 2,942,938.00 Bond Purchase Int. 0.00 -498,772.20 Amount Credited $89,200,886.57 Repurchase Int. Exp. .40.558.14 -211,768.62 Securities Bought -89,065,558.14 Miscellaneous -134,577.88 Amount Debited 8-89.200.136.02 Portfolio Composition Cash,'Cash Equivalent 751 Net Cash Activity 750.55 Total $751 Closing Balance $751.35 Your Portfolio Allocation Cash Balance Summary ;JP. NG CLOSING Margin 0.80 751.35 Net Cash Balance $0.80 $751.35 Cash 8, Equivalent — 100% UnsPoded POMOnS denote oat Dionce *nee 00.1 mane ',Mae 11-e Mtn:0m ;event'', ty dossed Item e01OIJF market rat), al >vv palkno 027 08,2003:13:16 001 Y812 EFTA00195454 CLEARED THROUGH ITS niCkLY 0‘1h.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,A44,1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 0-41km:tech Cella North Beccidon. New Year 112013959 STEARNS FINANCIAL TRUST CO INC 4 v. STATEMENT PERIOD JuM 26.2003 THROUGH August 29.2003 Your Portfolio Holdings ACCCUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER MASSER On File LAST STATEMENT Jul/ 25. 2003 MARKET ESTIMATE0 CUAPENT otscan-ion S•MECL0./StP QUANTITY PACE VALUE AANJAL IntWE VEtO I%) CASH BALANCE 751 TOTAL CASH & CASH EQUIVALENTS $751 YOUR PRICED PORTFOLIOHOLDINGS $751 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSACT/ON CESCRIPTION Si/MO.CUSP CIJANUTI PRICE DEIST AMOUNT CREDIT AMOUNT 07/28/03 07P25/03 SOLD UNITED STATES TREASURY NOTE -10,000.000 95.98438 9,598,437.50 03.625% MN I S ACCR. INT. 72,894.02 Ty GVER REP tt 07/29/03 07P28/03 SOLD UNITED STATES TREASURY NOTE -10,000.000 97.98438 9.798.437.50 02.62S% MN I S ACCR. INT. 53.498.64 ry GVER REF It 027 083003:13:15 001 '.1112 EFTA00195455 CLEARED THRWGH ITS WNW? OtM.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns S0N, 14,1 00iP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 CcoMetsolech Contof North Becck/on. New To* 11201.3859 STEARNS FINANCIAL TRUST CO INC 5 Ci STATEMENT PER100 Jul/ 26.2003 THROUGH August 29.2003 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER KAMER On File INVESTMENT ACTIVITY (continued) LAST STATEMENT JUI/ 25. 2003 SETTLEMENT TRADE DATE DATE -FONSICToN DEsEOPTIDN STIMIOLCUS, cchwrin. PRCE DEBIT AMOUNT CRECIT AMOUNT 07/30/03 07/29/03 SOLD UNITED STATES TREASURY NOTE -35.000,000 94.42188 33,047,656.25 03.625% MN 15 ACCR. INT. 262.024.46 GiER P"- tt TOTAL $52.832.948.37 INTEREST DATE DESCRIPTION SYMEICUCLISIP OUNifilif RATE I% DENT AMOUNT VRECIT MAC(1141 07/28/03 AVG 8AL 1,522RT 0.215 0.20 021 OFFICE INTEREST 0703 TOTAL $0.20 REPURCHASE AND REVERSE REPURCHASETRANSACTIONS with Bear,Stearns& Co.Inc. SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPRON SVAIDOL.CUSIP OUNiRITY OMIT AMOUNT CREDIT AMOUNT 07/28/03 JOURNAL juiri UNITED STATES TREASURY NOTE FRG 3,625 -35.000,000 33.425.000.00 REPO AGREEMENT 07/28103 JOURNAL FRG UNITED URY NOTE 45.000.000 45.450.000.00 3,625 TERM REPO AGREEMENT 07/28/03 INTEREST UNITED STATES TREASURY NOTE DUE 0 .625 MINIM 32,105.38 FRG REPO I 027 083003:13:15 001 .812 EFTA00195456 CLEARED THROUGH ITS LT/HWY OHTOO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BOR. Szeiros SODA.* COO Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Cc* Mosoiech CARR North Becckhn. New Yak 11201.3859 STEARNS FINANCIAL TRUST CO INC 6 vi STATEMENT PER100 ATU 26.2003 THROUGH August 29.2003 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER NUMBER On FIIC REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) LAST STATEMENT AO/ 25.2003 SETTLEMENT TOLE DATE DATE TRMISACBON DESCRPTION SYMETTLGVSIP CLUMP( DEBIT AMOUNT CREDIT AMOUNT 07/29/03 JOURNAL ppm UNITED STATES TREASURY NOTE FRG 2,625 10.000.000 10,150,000.00 TERM REPO AGREEMENT 07/29/03 INTEREST UNITED STATES TREASURY NOTE 8.151.01 DUE 0 .625 FRG REPO I 07/30/03 JOURNAL UNITED TREASURY NOTE 35.000.000 33,425,000.00 FITG 3,R25 TERM REPO AGREEMENT 07/30/03 INTEREST UNITED STATES TREASURY NOTE 301.75 DUE 0 .625 FRG REPO I TOTAL 6-89.065.558.14 833.425.000.00 MISCELLANEOUS DATE LOOM TRANSACTION DESCRIPTOR DENT AMOUNT CREDIT AMOUNT 07/29/03 RECEIVED 126.88 UPON 2.6250 FINANCING NET PAIROFF DIFF 07/29/03 JOURNAL FITM TO FITG 531,596.00 07/30/03 JOURNAL FITM TO FITG 1.856.257.00 07/31/03 JOURNAL FITM TO FITG 305,085.00 08/01/03 JOURNAL FITM TO FITG 250,000.00 027 Oto30.131:13:16 001 Y812 EFTA00195457 CLEARED THRWGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SeN•itkl GOO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Nee York 10179 Ore Mem:tech Coma North Beccidon. New VC* 11201.3859 STEARNS FINANCIAL TRUST CO INC 7 vi STATEMENT PERK* Jul' 26. 2003 THROUGH August 29.2003 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER WESER On File MISCELLANEOUS (continued) LAST STATEMENT Jul/ 25. 2003 DATE Ma DAY TIMNSACT-CN DESCRIPTION DEBT AVON, MCAT Nara O&11/03 JOURNAL FITG TO FITM 134.451.00 TOTAL $134,577.88 $2.942.938.00 End of Statement 027 08,30.03:13:13 001 Yill2 EFTA00195458 CLEARED THROLGH ITS 2/HCLLY OLLNE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SzeInG SOPM*1 Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Cc* Methrtech Comet North Becciort New Year 11201.3959 STEARNS FINANCIAL TRUST CO INC STATEMENT PERM June 28.2003 ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEEISITE vnvw.briarsteams.com THROUGH Jul/ 25.2003 ACCOUNT NUMBER What's In This Statement 11.1,111111111111 II TAXPAYER NUMBER On File LAST STATEMENT June 27.2003 Financial Summary 3 FINANCIAL TRUST CO INC Your Portfolio Holdings 3 CIO JEFFREY EPSTEIN 6100 RED HOOK QUARTER Transaction Detail 5 STE 63 Trades Not Yet Settled 5 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash 8 Eqi.malent —II $1 NET CREDIT BALANCE 1 52.221 NET EQUITY THIS PERIOD $1 Current market value DM Last statements market value NET EQUITY LAST STATEMENT 2,221 CHANGE SINCE LAST STATEMENT -2,220 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. t Mk Parr/ 11 for pulhosts oriy II Is not HMS O as atio downer, Tin statnrC shmild Et Maned for your records See mew ado for moron rionnaton 027 07/2603:10:09 001 EFTA00195459 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, 14,1 COO. Ceol.letioloch Cantot North Broeklln• New Ye* 11201.3859 FINANCIAL TRUST CO INC 2 oi s STATEMENT BACKER IS PRINTED ON THIS PAGE 021 074103:10:09 001 11811 EFTA00195460 CLEARED THROUGH ITS V/liCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirn5 S0N, t4,1 Cory. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Cc* Metsolech CarrIN NOM Becci0on. New Ye* I 1201.38S9 STEARNS FINANCIAL TRUST CO INC 3 c/ STATEMENT PERIOD June 28.2003 THROUGH Jul/ 25.2003 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER AMBER On File THIS PEPICO OPENI,4 CLOSING LAST STATEMENT June 27.2003 Opening Balance $2,221.20 Margin 2,221.20 0.80 Dividends/Interest 11.60 Net Cash Balance $2,221.20 $0.80 Amount Credited $11.60 Miscellaneous -2.232.00 Amount Debited $-2.232.00 Income Summary 1146 REMO YEAS TO DATE Net Cash Activity -2.220.40 U.S. Govt. Bond Int. 0.00 1.680.619.45 Credit Balance Int. 11.60 225.60 Closing Balance $0.80 Reverse Repurchase Int. 0.00 32,666.67 Total $11.60 $1.713.511.72 Bond Purchase Int. 0.00 -498,772.20 Repurchase Int. Exp. 0.00 -171,210.48 Your Portfolio Holdings CASH 8 CASH EQUIVALENTS IMRXE7 ESTIMATED CURRSN'T ossceenou SYMEIWCVSIP QUANTITY PRISE VALUE MNUM. INCOME VELD I!Q CASH BALANCE 1 TOTAL CASH & CASH EQUIVALENTS $1 027 074103:10:09 001 Y811 EFTA00195461 CLEARED THRWGH ITS wilexLY (MBE° SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. See•ns S0BJX*1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 CeoLlevetech Cantec North 8Axidon. Hew Tx* 11201.3889 STEARNS FINANCIAL TRUST CO INC 4 vi STATEMENT PERK* June 28.2003 THROUGH Jul/ 25.2003 ACCOUNT NUMBER TAXPAYER MAUSER On Flk LAST STATEMENT June 27.2003 Your Portfolio Holdings (continued) YOUR PRICED PORTFOLIOHOLDINGS $1 Repurchase and Reverse Repurchase Transactions with Bear,Stearnsand Co.Inc. outstanding as of date of statement PVFICIMSE, REPURCHASE ARCING PURCHASE PRICE ACCRUED REPO OAPATRIY START DATE DATE PATE PRINCWAL MEREST' (FACE AMOUNT) CUSP DESCRIPTION YOU SOW USTR 3.6250 05/15/13 (REPO) 05/28/03 OPEN 0.200 -45,450,000 -32.105 -45,000,000 YOU SOLD USTR 2.6250 05/15/08 (REPO) 06/20/03 OPEN 0.750 -10.150.000 -8.066 -10.000.000 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $-55.600.000 $40,171 'AA el elekaanl date 027 074103:10:09 001 Y811 EFTA00195462 CLEARED THRWGH ITS witekLY OHnE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet. SZeirns SOC,M*1 GNP. Bear. Stearns & CO. Inc. BEAR 383 Madison Avenue New York, Nen York 10179 Otto/km:tech Centec North 0eock11n. New Tuft 11201.3859 STEARNS FINANCIAL TRUST CO INC 5 ri STATEMENT PERIOD June 28.2003 THROUGH Jul/ 25.2003 Transaction Detail ACCCUNT NUMBER TAXPAYER AVUSER On File INTEREST LAST STATEMENT June 27.2003 RATE OEscmnion SYMBOJCVSIP DUANTITY RATE I%) DEBIT AMOter CREDIT AMOUNT 06+30'03 AVG BAL 30.056RT 0.496 11.60 021 OFFICE INTEREST 0603 TOTAL $11.60 MISCELLANEOUS DATE Ih3OAT TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT WOW 07/21/03 JOURNAL FITG TO FITM 2,232.00 TOTAL $-2.232.00 Trades Executed Pending Settlement SETTLEMENT TRADE DATE DATE TRANSACTION :ESC= PBON SYMBOLCUS1P OUAAMTY Nina DEBIT AMOUNT CREW MOUNT 07/28/03 07/25/03 SOLD UNITED STATES TREASURY NOTE -10.000,000.00 95.9843 9,671,331.52 03.625-N, LIN 15 A Ty OVER REP # TOTAL $0.00 $9,671,331.52 The thew Wades de net mew in eat elher section el Ibis elelement 027 07M/03;10:09 001 Y811 EFTA00195463 CLEARED THROUGH ITS widely ORNE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. &resets SeGrite0 Corp. Bear. Stearns & CO. Inc. BEAR 383 Madison Avenue New York. New York 10179 Ore Moo:loch Center North Becciorn. Nee Tex 11201.3859 STEARNS FINANCIAL TRUST CO INC ACCOUNT EXECUTIVE GNMA GOVT BOND STATEMENT PERIOD May 31.2003 VISIT OUR WEEISITE www.bearstearns.com THROUGH June 27.2003 ACCCUSIT NUMBER What's In This Statement I I 1I1111111 II TAXPAYER MAR On File LAST STATEMENT May 30.2003 Financial Summary 3 FINANCIAL TRUST CO INC Your Portfolio Holdings 4 C.I0 JEFFREY EPSTEIN 6100 RED HOOK QUARTER Transaction Detail 5 STE 63 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash & Equivalent $2.221 NET CREDIT BALANCE 2,221 S-1 NET EQUITY THIS PERIOD $2,221 Current market value Mi Last statements market value NET EQUITY LAST STATEMENT •1 CI Short market value CHANGE SINCE LAST STATEMENT 2,222 There are no 'Stop Lose orders or other pending buy or sell open orders on file for your account. SipC RNs Remy/ Is for GfOrmohceol Wiens only N is re( siencled as nor downed Tess staternere should be retailed to your records See morn* We for rcalort riconarcd 027 062303:1138 001 7808 EFTA00195464 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t44 COO. Ceol.letioloch Cantot North Broeklln• New Ye* 11201.3859 FINANCIAL TRUST CO INC 2 or STATEMENT BACKER IS PRINTED ON THIS PAGE 027 D82803:11:38 001 Y8011 EFTA00195465 CLEARED 1HRWGH ?AIM? 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SOPA.* COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Ndn York 10179 Ore Mevolech Cella North Beccidon. New Volt 11201.3859 STEARNS FINANCIAL TRUST CO INC 3 al STATEMENT PER100 May 31.2003 THROUGH June 27.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WEBER On File THIS PERIOD mrs PERIOD YEAR TO DATE LAST STATEMENT May 30.2003 Opening Balance $-0.91 U.S. Govt. Bond Int. 103,591.16 1.680.619.45 Credit Balance Int. 27.93 214.00 Securities Sold 20,506,250.00 Reverse Repurchase Int. 0.00 32,666.67 Dividends/Interest 103,619.09 Total $103.619.09 $1,713,500.12 Amount Credited $20,609,869.09 Bond Purchase Int. -25,679.35 -498,772.20 Securities Bough! -20,309,005.63 Repurchase Int. Exp. -23,068.13 -171,210.48 Dividends/Interest Charged -25.679.35 Miscellaneous -272.962.00 Amount Debited $-20 607 646.98 Portfolio Composition Cash;Cash Equivalent 2.221 Net Cash Activity 2,222.11 Total $2.221 ClosingBatance $2.221.20 Your Portfolio Allocation Cash Balance Summary Mt. AO CLOSINO Margin -0.91 2,221.20 Net Cash Balance $.0.91 $2.22120 Cash & Etwalent — 100% UnsPodecl morons denote oar Dino, *nee 00.1 male veLee TO elocahm ;event'', to de•aed km *a ablal.te market robe pi yes palkal. 027 D82803:11:38 001 1808 EFTA00195466 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns S0N, t4,1 Cory. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Neste York 10179 Ore Mevolech Centec North Reccidon. New Ye* 112013959 STEARNS FINANCIAL TRUST CO INC 4 c, STATEMENT PERK* May 31.2003 THROUGH June 27.2003 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER MASSER On FIk LAST STATEMENT May 30.2003 MARKET ESTIMATED CLAPENT otscan-ion S•MECL CL/StP QUANTITY PACE VALUE NWJAL IntWE VELD 1%) CASH BALANCE 2,221 TOTAL CASH & CASH EQUIVALENTS $2.221 YOUR PRICED PORTFOLIOHOLDINGS $2.221 Repurchase and Reverse Repurchase Transactions with Bear,Stearnsand Co.Inc. outstanding as of date of statement PIAICHASE' REPURCHASE PRICING PURCHASE PRICE ACCRUED REPO CAPARITI START DATE DATE RATE PRINCPAL MEREST' (FACE AMOUNT) CUSP DESCRIPTOR YOU SOW USTR 3.6250 05/15/13 (REPO) 05/28/03 OPEN 0.200 -45,450,000 -25.035 -45,000,000 YOU SOW USIA 2.6250 05/1508 (REPO) 06/•'20(03 OPEN 0.940 -10.150.000 -3.030 -10.000.000 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $-55.600.000 $-28,065 'As a :Imo -ran, ciao 027 DEISA3111:38 001 '.1108 EFTA00195467 CLEARED THRWGH ITS tottOLLY OHOE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Steens SOentel GOP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Cc* Meth:Ion Canto North Beccichn. New Yon 11201.3859 STEARNS FINANCIAL TRUST CO INC 5 ci STATEMENT PERK* May 31.2003 THROUGH June 27.2003 Transaction Detail ACCOUNT NUMBER TAXPAYER WRITER On File INVESTMENT ACTIVITY LAST STATEMENT May 30.2003 SETTLEMENT TRADE DATE DATE "RoNSICDON °Esc; PnOn STMOOLGUSIP orwarrr Fria DEBIT AMOUNT CREDIT AMOUNT 06/20/03 06/19/03 SOW UNITED STATES TREASURY NOTE -10,000,000 103.56250 10,356,250.00 , r 03.0006 FA 15 Ater!. INT. 103491.16 i ry OVER REF It 06/20/03 06/19/03 BOUGHT UNITED STATES TREASURY NOTE 10,000,000 101.60938 10,160,937.50 ruF r l snnng02.625% MN IS AC,CR. NT. 25.679.35 ry OVER REF TOTAL $.10.186.616.85 $10.459.841.16 INTEREST DATE DESCRPTEN SYMEIWOUMP DU/NUTT RATE re CEEIT AMOUNT CREDIT AMOUNT 06/02/03 AVG BAL 60.963RT 0.550 27.93 021 OFFICE INTEREST 0503 TOTAL $27.93 REPURCHASE AND REVERSE REPURCHASETRANSACTIONS with Bear,Stearns& Co.Inc. SETTLEMENT TRACE DATE DATE TRMISACTION DESORPTION SYMBOL.tlz$1P CCANTITI DEBIT AMOUNT CREDIT AMOUNT 06/20/03 JOURNAL UNITED I RY NOTE 10,000.000 10,125,000.00 FRG 3,000 RP TERM TERM 027 0628033:11:18 001 V808 EFTA00195468 CLEARED THRWGH ITS oniCaLY ChBOO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BOW. Steams S00,4*1 Corp. Bear. Stearns & Co. Inc. BUR 383 Madison Avenue New York, New York 10179 One Metnicoh Cann North Reockhn. New Year 11201.3859 STURNS FINANCIAL TRUST CO INC 6 c/ STATEMENT PER100 May 31.2003 THROUGH June 27.2003 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) LAST STATEMENT May 30.2003 SEMIMEM TRADE DATE DOE TWa3ACRON DESCRP-ICN SYMEICOCUSIP OUNCITT DEBIT AMOUNT CREDIT AMOUNT 06/20/03 JOURNAL UNITED STATES TREASURY NOTE -10,000,000 10,150,000.00 FITG 2625 RP OPEN REPO AG 06/20/03 INTEREST UNITED STATES TREASURY NOTE 23,068.13 DUE 0 .000 FITG RP TE REPO IN TOTAL 5.10.148.068.13 $10.150.000.00 MISCELLANEOUS DATE LOGAT TRANSACTION DESCRIPTOR DENT AMOUNT CREDIT MOUNT 06/24/03 JOURNAL FITG TO FITM 272.962.00 TOTAL 8-272,962.00 End of Statement 027 M2803:11:38 00' EFTA00195469 CLEARED THROUGH nS smiCALY OHttE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Sters SOPyibtl Cap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York. New York 10179 Ore Metniech Conte North Beccidon. New Toes 11201.3869 STEARNS FINANCIAL TRUST CO INC ACCOUNT EXECUTIVE GNMA GOVT BOND STATEMENT PER100 WI 26. 2003 VISIT OUR WEBSITE yemy.bearsleams.com THROUGH May 30.2003 ACCOUNT NUMBER What's In This Statement Ill I I I I1111111 II TAXPAYER KAMER On He LAST STATEMENT *11 25.2003 Financial Summary 3 FINANCIAL TRUST CO INC 0/0 JEFFREY EPSTEIN Your Portfolio Holdings 4 6100 RED HOOK QUARTER Transaction Detail 5 STE 63 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio NET DEBIT BALANCE -1 Cash 8 Equwalent $ CCRIXO)) ...... SI I NET EQUITY THIS PERIOD $-1 EC1 Last statements mantel value C Short market value NET EQUITY LAST STATEMENT 11 CHANGE SINCE LAST STATEMENT -12 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Trn 4WanIni n Mr dOrmirtousl peptises Only It IS ra reanded as cloanwS Tres ststernorg should be Maned for your words &torrent NM for rip:dart ricunatat 027 0631,05:15:10 001 5544 EFTA00195470 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t44 COO. Ceol.letioloch Cantot North Broeklln• New Ye* 11201.3859 FINANCIAL TRUST CO INC 2 or STATEMENT BACKER IS PRINTED ON THIS PAGE 027 05,31,03:15:30 001 Y644 EFTA00195471 CLEARED 1HRWGH ITS WHOLLY OHTGO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Screams SOCirititl COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Ortonevolech Chong North Becchron. New root 11201.3859 STEARNS FINANCIAL TRUST CO INC 3 c/ STATEMENT PERIOO Apll 26.2003 THROUGH May 30.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER MAGER On File TISS PERIOD YEAR TO DATE THIS PERIO0 LAST STATEMENT *11 25.2003 U.S. Govt. Bond Int. 359,668.51 1.577.028.29 Opening Balance $11.02 Credit Balance Int. 0.00 186.07 Securities Sold 117,550,000.00 Reverse Repurchase Int. 0.00 32,666.67 Dividends/Interest 359,668.51 Total $359.668.51 $1,609,881.03 Miscellaneous 362,114.00 Bond Purchase Int. -36,939.54 -473,092.85 Amount Credited $118,271,782.51 Repurchase Int. Exp. -46,126.50 -148,142.35 Securities Bought -116,406.221.90 DividendstInterest Charged -36.939.54 Miscellaneous -1,828.633.00 Portfolio Composition Amount Debited $-118,271.794.44 LONO Cash/Cash Equivalent 1 Net Cash Activity -11.93 Total $1 ClosingBatance 3.0.91 Your Portfolio Allocation Cash Balance Summary CPO, hG CLOSING Margin 11.02 -0.91 Net Cash Balance $11.02 6.0.91 Shirt Cash & Equivalent — 100 Uothooe0 croons cohort oar Olooce onto Or, rnaloo wive, he eloml✓r ceLentn, is Pe•ued Iron to 001,01.te market rat), oi ponlort. 027 05,3100305:30 001 '1644 EFTA00195472 CLEARED THROUGH ITS PINCkLY MuE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SONPURS COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue Duo Mevolech Contec North Beccidon. New Yuk 11201.3859 STEARNS New York Nee York 10179 FINANCIAL TRUST CO INC 4 c/ STATEMENT PERKO Ar3rc 26.2003 THROUGH May 30.2003 Your Portfolio Holdings ACCCUNT NUMBER TAXPAYER NouSER On FIk CASH & CASH EQUIVALENTS LAST STATEMENT *11 25.2003 MARKET ESTIMATED CUAPENT otscan-ion S•MECL CL/StP Ournmy PACE VALUE MNJAL VELD I%) CASH BALANCE •1 TOTAL CASH & CASH EQUIVALENTS $-1 YOUR PRICED PORTFOLIOHOLDINGS $-1 Repurchase and Reverse Repurchase Transactions with Bear,Stearnsand Co.Inc. outstanding as of date of statement PURPOSE: REPURCHASE PFOCING PURCHASE PRICE: ACCRUED REPO OUMITITY START DATE DATE RATE PAINCPAL MEREST• (FACE AMOUNT) CUSP DESCRIPTION YOU SOLO USTR 3.0000 02/15/08 (REPO) 03/14/03 OPEN 0.950 -10.125.000 -17.502 -10.000.000 YOU SOLO USTR 3.6250 05/15/13 (REPO) 05/28,03 OPEN 1.200 -45.450.000 -7.448 -45.000.000 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASETRANSACTIONS $-55.575.000 $-24.950 As ct smcgweni date 02? 0651,03:15:30 001 1844 EFTA00195473 CLEARED THROUGH ITS wilekLY OHN.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BHP SAWN* SON,44,1 COP Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Dec Mevolech Cantof North Recdoon. New To* 11201.3859 STEARNS FINANCIAL TRUST CO INC 5 STATEMENT PERKO *11 26.2003 THROUGH May 30.2003 Transaction Detail ACCOUNT NUMBER TAXPAYER NIAMER On File INVESTMENT ACTIVITY LAST STATEMENT *11 25.2003 SETTLEMENT TRADE DATE DATE TRANSACTOR OESCRPTION STME/OLCUPP swarm PRICE DEBIT AMOUNT CREDIT AMDUNT 05/22/03 05/21/03 SOLD UNITED STATES TREASURY NOTE -35.000,000 104.25000 36,487,500.00 03,875% FA 15 ACCR. INT. 359,668.51 nr GVER REF # tigiffoN''''M1763- 10iZiff 11:410*§YAYMYFIEZOtinT6YE 5g:566:66b {IS4.14454 S5.7di:§iY9:§b 03,625% MN IS ACCR. INT. 24,133.83 TY 0528/03 05/13/03 BOUGHT UNITED STATES TREASURY NOTE 10.000,000 101.79688 10,179,687.50 .625% MN IS ACCR. INT. 12,805.71 03 YIELD 3,41 GVER REF It AS OF 05/ I3 r A $-45.959.534.94 $36,847,168.51 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stearns& Co.Inc. SETTLEMOO TRADE DATE DATE TRANSACTION DESCRP1ON SPASM/St/SIP OVANTITT DEBIT AMOUNT CREDIT AMOUNT 05/22/03 JOURNAL UN REASURY NOTE 35.000,000 34.825.000.00 FRG 3,875 RP TERM TERM 05/22/03 JOURNAL EASURY NOTE -35.000,000 35,612,500.00 027 05,31.03:15:30 001 YMA EFTA00195474 CLEARED THROUGH ITS WIIOUY OHnE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirn5 SOC,nt*1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 CcoMetsolech Car:tog North Becck/on. New To* I QIN .3059 STEARNS FINANCIAL TRUST CO INC 6 c, STATEMENT PERKOO &XII 26.2003 THROUGH May 30.2003 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER NUMBER OR File REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) LAST STATEMENT *11 25.2003 SETTLE/CR TRADE DATE DATE TRANSACTION DESCRPTICH SAM/WM/SIP OWN1ITY OEINT AMOUNT CREDO AMOUNT 0522/03 INTEREST 39,004.00 JoUkNAL 35.000.000 35,612,500.00 Frteliiiii i"17451? 3,625 r RP TERM TERM 05/28/03 JOURNAL UN EASURY NOTE -45.000.000 45.450.000.00 FITG 3.625 11116-111:59 RP OPEN REPO ENT 05/28/03 INTEREST SITED STATESTREASURY TR NOTE 7.122.50 DUE ,625 FITG RP TER REPO INTEREST TOTAL $-70.483.626.50 $81.062.500.00 MISCELLANEOUS DATE MOAT TRANSACTION DESCRIPTION DEBIT AMOUNT CRECIT A/ACkra 05/27/03 JOURNAL FITG TO FITM 1,828,633.00 05/29/03 JOURNAL FrTM TO FITG 362.114.00 TOTAL 3-1.828.633.00 $362.114.00 027 0531003:15:30 001 EFTA00195475 CLEARED THROUGH ITS OHT.80 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SMOG SOPridtt Corp. Bear. Stearns & 00. Inc. BEAR 383 Madison Avenue New York. New York 10179 Ore Llevolech Center North Beccohn. New Yoh 11201.3859 STEARNS FINANCIAL TRUST CO INC STATEMENT PERIOD MUCH 29.2003 ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE weny.bearsteams.com THROUGH April 25.2003 ACCOUYT NUMBER What's In This Statement 11111111111111111 II TAXPAYER NUMBER On File LAST STATEMENT Mardi 28.2003 Financial Summary 3 FINANCIAL TRUST CO INC 0/0 JEFFREY EPSTEIN Your Portfolio Holdings 3 6100 RED HOOK QUARTER Transaction Detail 5 STE B3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash S Equtsalent —Fraz4 si SI I NET CREDIT BALANCE 11 NET EQUITY THIS PERIOD $11 MN Current market vabe frel Last statements market value NET EQUITY LAST STATEMENT 1 CHANGE SINCE LAST STATEMENT 10 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. SIT TinGollomPl Bs ellemadool palms Gay Rasta vorttled Asa's. dm/mot Tres ststernor4 should be retards; for your words S.. wawa cc. for mouton actinatat 027 04260331:4S 001 7643 EFTA00195476 CLEARED 1HROUGH NS vriseklY 0"E0 SUBSIDIARY Beer. Saee•ns SON, t4,1 COO. Ore lActsolech Cantot North Broeklln• New Ye* 11201.3859 FINANCIAL TRUST CO INC 2 oi s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0426,03:11:48 001 Y643 EFTA00195477 CLEARED 1HRWGH CMO.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns S0Nobtf Cory. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Nen York 10179 Ore Mevolech Conte North Becck/on. New Tuft 11201.3859 STEARNS FINANCIAL TRUST CO INC 3 ci STATEMENT PERK* March 29.2003 THROUGH April 25.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WEBER On File PERIOD YEAR TO DATE THIS PERIOD LAST STATEMENT March 28.2003 Opening Balance $0.80 U.S. Govt. Bond Int. 0.00 1,217.359.78 Credit Balance Int. 10.22 186.07 Dividends/Interest 10.22 Reverse Repurchase Int. 0.00 32,666.67 Amount Credited $10.22 Total $10.22 $1,250 Net Cash Activity 10.22 Bond Purchase Int. 0.00 -436,153.31 Repurchase Int. Exp. 0.00 -102,015.85 ClosingBalance $11.02 Portfolio Composition Cash Balance Summary Cash;Cash Equivalent 11 OPENNG CLOSING Margin 0.80 11.02 Total $11 Your Portfolio Net Cash Balance $0.80 $11.02 Allocation Your Portfolio Holdings CASH & CASH EQUIVALENTS MARKET (STUMM CURRENT DEscRP-iou S•MECL CLSIP OUAHTiTY PALE VALUE NYVal. w.cue TOON CASH BALANCE 11 TOTAL CASH & CASH EQUIVALENTS $11 Cash & &Fir/Went — 100% UnsPolecl POMOnS 0onoie oar Diono, *nee Orr mane VOLVO The ol000hm ;event'', to awed loom Ow 00101.te market NEN or yes polka" 027 04,26,03:11:48 001 •,643 EFTA00195478 CLEARED THRWGH ITS niCkLY CMh.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. SZeirhs S0C,r44,1 COO. Bear. Stearns & CO. Inc. BEAR 383 Madison Avenue New York New York 10179 O-41km:tech Centec North Beccidon. New Ye* 1120/3959 STEARNS FINANCIAL TRUST CO INC 4 ri STATEMENT PERIOD Wirth 29.2003 THROUGH *11 25.2003 ACCCUNT NUMBER TAXPAYER PRIUSER On File LAST STATEMENT Minh 28.2003 Your Portfolio Holdings (continued) YOUR PRICED PORTFOLIOHOLDINGS $11 Repurchase and Reverse Repurchase Transactions with Bear,Stearnsand Co.Inc. outstanding as of date of statement PSCHASE, REFVFICHASE PRICING PURCHASE PRICE ACCRUED REPO GUMMY START DATE DATE RATE PRINCPAL PrEREST* (FACE MOUND CUSP DESCRIPTOR YOU SOLO USTR 3.0000 02/15408 (REPO) 03/14/03 OPEN 0.700 -10.125.000 -11.266 -10.000.000 YOU SOLD USTR 3.8750 02/15/13 (REPO) 03/19/03 OPEN 0.600 .34626000 -24.880 -35.000.000 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $-44.950.000 $.36.146 'As of stakewol d 02/ 0.12603:11:48 001 '1643 EFTA00195479 CLEARED THROUGH ITS YrisekLY 0\LNEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet. Saee•ns SON, t4,1 Cory. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York Non York 10179 Ore Mevolech Centec North Beccidon. New Ye* 11201.3859 STEARNS FINANCIAL TRUST CO INC 5 v/ STATEMENT PERIOD Wail 29.2003 THROUGH &XII 25.2003 Transaction Detail ACCCUNT NUMBER TAXPAYER WESER Cel File INTEREST LAST STATEMENT MATO 28.2003 EWE DESCRIPTION SYMBCIJCVSIP CVANTIN RATE I%) DENT AMOUNT CREDIT AMOUNT 03,31,03 AVG BAL 27.103RT 0.566 10.22 021 OFFICE INTEREST 0303 TOTAL $10.22 End of Statement 027 04128/03:11:48 001 1M43 EFTA00195480 CLEARED THROUGH ns larICLLY 005E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Boor. Szeans Soc‘rint Corp. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York. New York 10179 Ore trotommo Carder North &Worn. hex Year 11201.3859 STEARNS FINANCIAL TRUST CO INC ACCOUNT EXECUTIVE GNMA GOVT BOND STATEMENT PERIOD March 1.2003 VISIT OUR WE8SITE weny.bearsteams.com THROUGH March 28.2003 ACCOUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER NUMBER On File LAST STATEMENT Pebruasy 28.2003 Financial Summary 3 FINANCIAL TRUST CO INC CIO JEFFREY EPSTEIN Your Portfolio Holdings 3 6100 RED HOOK QUARTER Transaction Detail 5 STE 63 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio NET CREDIT BALANCE Cash & featslent hr.t.1®n /moon /moo= mono moor/ 848.708 NET EQUITY THIS PERIOD $1 Current market vaNe lati Last statements market value NET EQUITY LAST STATEMENT 48,708 CHANGE SINCE LAST STATEMENT -48,708 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Tin PenTr),n for nfOrmaxhil pecdses PNy. a ls not Mended natal doa•Yort SipC Ins statornorc should be Mame for your motes Sn mom tglofcc modest Worms= 027 0320.03:10:81 001 Y642 EFTA00195481 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.letioloch Cantot North Brocklln• New VC* 11201.3859 FINANCIAL TRUST CO INC 2 or STATEMENT BACKER IS PRINTED ON THIS PAGE 027 012903:10:54 001 V642 EFTA00195482 CLEARED 1HRWGH ITS wuCkLY ONnEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szea•ns Secw.,44 Coro. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Cc* Metsolech Contec North ercciOrn. New York I1201.38S9 STEARNS FINANCIAL TRUST CO INC 3 ci STATEMENT echo° March 1.2003 THROUGH March 28.2003 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER NmeER On He THIS PERIOD OPENING CLOSING LAST STATEMENT February 28.2003 Opening Balance $48.708.36 Margin 48,708.36 0.80 Securities Sold 110,277,979.17 Net Cash Balance $48,708.36 $0.80 Dividends/Interest 479.612.15 Miscellaneous 132,879.00 Amount Credited $110,890,470.32 Income Summary EC PERIOD YEAR 70 DATE Securities Bought -110,578.841.60 U.S. Govt. Bond Int. 479,558.01 1.217.359.78 Dividends/Interest Charged -197.479.28 Credit Balance Int. 54.14 175.85 Miscellaneous -162.857.00 Reverse Repurchase Int. 32.666.67 32,666.67 Amount Debited $-110,939,177.88 Total $512,278.82 $1,250,202.30 Net Cash Activity -48.707.56 Bond Purchase Int. -197.479.28 -436,153.31 ClosingBalance $0.80 Repurchase Int. Exp. -32,747.85 -102,015.85 Your Portfolio Holdings CASH & CASH EQUIVALENTS MONET CSIIMAIED CURRENT orstkPnou S•htECL Ct.SiP OtrAIITTV FRCE VALVE MOWN. mem vex is) CASH BALANCE 1 TOTAL CASH & CASH EQUIVALENTS $1 027 CO2003:10:54 001 V642 EFTA00195483 CLEARED 1HRWGH ITS VilISALY OHnE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet. Saea•ns S0NH*1 COO. Bear. Stearns & CO. Inc. BEAR 383 Madison Avenue New York New York 10179 Ore Mevolech Car:tog North 0eock11n. New Ye* 11201.3859 STEARNS FINANCIAL TRUST CO INC 4 vi STATEMENT PERK* March 1.2003 THROUGH March 28.2003 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT February 28.2003 Your Portfolio Holdings (continued) YOUR PRICED PORTFOLIOHOLDINGS $1 Repurchase and Reverse Repurchase Transactions with Bear,Stearnsand Co.Inc. outstanding as of date of statement PlAICAilSS REPURCHASE PRIC1N3 PURCIOSE PRICE. ACCRUED REPO OUNMf START DATE DATE RATE PRINGPAI 'RIPEST' (FACE AMOUNT) CUSP DESCRIPTOR YOU SOLO USTR 3.0000 02/15408 (REPO) 03/14/03 OPEN 0.950 -10.125.000 -3.974 -10.000.000 YOU SOLD USTR 3.8750 02/15/13 (REPO) 03/19/03 OPEN 0.900 .34.825.000 -6.287 -35.000.000 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $-44.950.000 5.10.261 'As of ololtHwol d 027 032903:10:54 001 5542 EFTA00195484 CLEARED THROUGH ITS ?RIMY 0%M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, b81 Dap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 CeoLlevalech Coats North Beccidon. New VC* 11201.3859 STEARNS FINANCIAL TRUST CO INC 5 STATEMENT PERIOD Marta 1.2003 THROUGH Muth 28.2003 Transaction Detail ACCCUNT NUMBER TAXPAYER WESER Oll FIk INVESTMENT ACTIVITY LAST STATEMENT February 28.2003 SETTLEMENT 10.40E DATE DATE TRANSACT/ON OESCRIPTION SYMBOLCUS, CVANTITY PRICE DEBiT AMOUNT CREW' (0430ta 03/13/03 03/12/03 BOUGHT UNITED STATES TREASURY NOTE 30.000.000 100.46094 30,138,281.25 DUE 01/31/2005 01.625% JJ 31 ACCR. INT. 55,214.09 SPECIAL INSTRUCTIONS YIELD 1.37 Ts( OVER REF # oxim tittrann 1.74110*§YAYMYFEEMITIVE -510 418:686 . DUE 01131/2005 1.625 1.625 FITG RS TER TERM RESALE AGREEMENT 03/14/03 03/13/03 BOUGHT UNITED STATES TREASURY NOTE 10,000.000 101.23438 10.123,437.50 03.000% FA 15 ACCR. INT. 22.375.69 tt GVER 03/19/03 03/18/03 SOLD UNITED STATES TREASURY NOTE -35.000.000 100.84375 35,295,312.50 04.000% MN IS ACCR. INT. 479,558.01 YIELD GYER REF tt 03/19/03 03/18/03 BOUGHT UNITED STATES TREASURY NOTE 35.000.000 99.81250 34,934,375.00 DUE 02/15/2013 03,875% FA 15 ACCR. NT. 119,889.50 TY GVER REF It TOTAL $-75,393.573.03 $65.774,870.51 027 012903:10:54 001 Y642 EFTA00195485 CLEARED THRWGH ITS OW•E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns S0N, 14,1 Dap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Mevolech Ow:1N North Beccidon. New VC* 11201.3859 STEARNS FINANCIAL TRUST CO INC 6 STATEMENT PERK* Mantn 1.2003 THROUGH March 28.2003 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER WESER On File INTEREST LAST STATEMENT Februtuy 28.2003 DATE DESORPTION SYMECIAUSIP OUANTITY RATE 1%) DEBIT AMOUNT CREW AMOUNT 03/03/03 AVG BAL 120,072RT 0.580 54.14 021 OFFICE INTEREST 0203 TOTAL $54.14 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stearns& Co. Inc. SETTLEMENT TRADE DATE DATE TRANSAC-1011 DESORPTION SYME/CtiOUSIP WANTITY DEBIT AMOUNT CREDIT AMOUNT 03/13/03 INTEREST UNITED STATES TREASURY NOTE 32.666.67 DUE 01 .625 FRG RS TE RESALE INTEREST 03/14/03 JOURNAL UN EASURY NOTE -10.000.000 10.125.000.00 RIG 3.000 RP OPEN REPO 03/19/03 JOURNAL CTAICC TREASURY NOTE 35.000.000 35.350.000.00 FRGUNITCf 4.000 RP TERM TERM REPO AGREEMENT 03/19/03 JOURNAL EASURY NOTE -35.000.000 34.825.000.00 03/19/03 INTEREST UNITED STATES 4.000 TREASURY NOTE 32,747.85 DUE 11 FRG RP TERM REPO I TOTAL $45,382,747.85 544.982.666.67 027 032403:10:54 001 EFTA00195486 CLEARED THROUGH ITS YrisekLY OtM,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns GOO. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Mevolech Cella North BecciOon. New Ye* 11201.3859 STEARNS FINANCIAL TRUST CO INC 7 STATEMENT PERIOD March 1.2003 THROUGH March 28.2003 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER NI/USER OR File MISCELLANEOUS LAST STATEMENT Petals's), 28.2003 DATE MOVAT TRANSACTION DESCRIPTION DEBIT AMOUNT CREW AMOUNT 03/14/03 JOURNAL FITM TO FITG 112,066.00 03/17/03 JOURNAL FTTM TO FITG 20,813.00 03/20/03 JOURNAL FITG TO FITM 162,857.00 TOTAL 8-162,857.00 $132,879.00 End of Statement 027 0:129033:I0S4 00I V642 EFTA00195487 CLEARED 1HRCOGH ITS vrtiCALY 0"EO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear. Steams Seombet Gore Bear. Stearns 8. Cu. Inc. BEAR 383 Madison Avenue New York. NEW York 10179 Cocoon:tech Coma North Beccidon. New Teo 11201.3859 STEARNS FINANCIAL TRUST CO INC ACCOUNT EXECUTIVE GNMA GOVT BOND STATEMENT PER100 February 1.2003 VISIT OUR WEBSITE wenv.bearstearns.cOm THROUGH February 28.2003 ACCCUNT NUMBER What's In This Statement II TAXPAYER WESER On File LAST STATEMENT January 31.2003 Financial Summary 3 FINANCIAL TRUST CO INC 4 CdO JEFFREY EPSTEIN Your Portfolio Holdings 6100 RED HOOK QUARTER Transaction Detail 5 STE B3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio NET CREDIT BALANCE 48,708 Cash s Ethavalent 9k 70§ man:: ar®» .....,, , .... ....... ,,,,,,,,,,,,,,, ,,,, $220.616 NET EQUITY THIS PERIOD $48,708 IN Current market value Egi Last statements market value NET EQUITY LAST STATEMENT 220,616 CHARGE SINCE LAST STATEMENT -171,908 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Trn PoonTTY 11 for PfOrmrtmosl praxes coly. *Is rya naiad as clartnw1 Tres ststernsrE should be Maned for yew records. Ea warm sale for mortars riconstim 027 03.01.133:13:10 001 Val EFTA00195488 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.letsolech Cantot North Brocklln• New VC* 11201.3859 FINANCIAL TRUST CO INC 2 oi s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0101,03:13:10 001 V641 EFTA00195489 CLEARED 1HRWGH na ?AIM? 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SOC,M*1 COIP Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 0 -4 Metsolech Conte North Beccia/n. New To* 11201.3859 STEARNS FINANCIAL TRUST CO INC 3 STATEMENT PERK* February 1.2003 THROUGH February 28.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER KAISER ON Ale PERIOD YEAR TO DATE THIS KNOB LAST STATEMENT January 31.2003 Opening Balance $220.616.16 U.S. Govt. Bono Int. 5.386.74 737,801.77 Credit Balance Int. 12131 121.71 Secudlies Sold 29,936,718.75 Total $5,508.45 $737,923.48 Dividends/Interest 5,508.45 Bond Purchase Int. 0.00 -238,674.03 Amount Credited $29.942.227.20 Repurchase hi Erp. 0.00 -69,268.00 Miscellaneous -30.114.135.00 Amount Debited 8-30.114.135.00 Net Cash Activity -171.907.80 Portfolio Composition Cash/Cash Equivalent 48.708 ClosingBatance $48.708.36 Total $48.708 Your Portfolio Cash Balance Summary Allocation OPENNO rt 220.616.16 48.708.36 Net Cash Balance $220,616.16 848.708.36 Cash & Ectwralent- 100% Uneven' Demons denote debt blonde *nee Orr market voLee The elms", ;event'', is dosed ken, to obsol.te market rat), or yes parka" 027 030103:13:10 001 VE41 EFTA00195490 CLEARED THROUGH ITS v/HEire OUP.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szea•ns SOC,HIMI Dory. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 0 -4 Mevolech Cella North Beccidon. New Year 11201.3859 STEARNS FINANCIAL TRUST CO INC 4 c/ STATEMENT PERK* February I. 2003 THROUGH February 28.2003 Your Portfolio Holdings ACCOUNT NUMBER TAXPAYER AMBER On PIM CASH & CASH EQUIVALENTS LAST STATEMENT January 31.2003 MOREY ESIMAIE0 [ARPIN( oTsCRR-iou S•AOCACAStP 0110070' PAU ',ALOE NWJAL IntWE VELD 110 CASH BALANCE 48.708 TOTAL CASH & CASH EQUIVALENTS $48.708 YOUR PRICED PORTFOLIOHOLDINGS $48.708 Repurchase and Reverse Repurchase Transactions with Bear,Stearnsand Co.Inc. outstanding as of date of statement PuRCANSO REPURCHASE PIHCING PURCHASE PRICE: ACCRUED REPO OUNOITY START DATE DATE RATE PRINOPAL MEREST' (FACE AMOUNT) CUSP DESCRIPTION YOU SOLD USTR 4.0000 11/15/12 (REPO) 01/23(03 OPEN 0.700 -35.350.000 -16.005 -35.000.000 YOU BOUGHT USTR 1.6250 01/31/05 (REVERSE) 0204.03 OPEN 1.150 30.000.000 23.700 30.000.000 TOTAL REVERSE REPURCHASE TRANSACTIONS $30.000.000 $23.700 TOTAL REPURCHASETRANSACTIONS $-35.350,000 $-16,005 As el simoTaeni date 027 03.01,03:i3:10 001 VEA1 EFTA00195491 CLEARED THRWGH ITS wHOALY 095.EO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear. Szeirns Soc.r.t.er GNP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 CA* Metsciech CAHN North Beccioon. New TN* 11201.3859 STEARNS FINANCIAL TRUST CO INC 5 c/ STATEMENT PERK* February 1.2003 THROUGH Fthrualy 28.2003 Transaction Detail ACCCUNT NUMBER TAXPAYER AMMER On File INVESTMENT ACTIVITY LAST STATEMENT January 31.2003 SETTLEMENT TRADE DATE DATE TRANSACTION OESORPTION STM80 CuSP CIJANNIY PRICE DEBIT AMOUNT MCAT AMCAJNI 02/04/03 02/03/03 SOLD UNITED STATES TREASURY NOTE -30,000.000 99.78906 29.936.718.75 DUE 01/31/2005 01,625% JJ 31 ACCR. INT. 5.386.74 SPECIAL INSTRUCTIONS YIELD 1,73 ffY OVER REF # 02/04/03 RECEIVED UNITED STATES TREASURY NOTE 30.000.000 30,000,000.00 DUE 01/31/2005 1,625 1,625 FITG RS OPE RESALE AGREEMENT TOTAL $-30.000,000.00 $29.942.105.49 INTEREST DATE OESCRPTION STLIDONCUSIP OUNVTITT RATE I%4 CENT AMOUNT MOH AMOUNT 02/03/03 AVG BAL D 0.561 121.71 021 OF 0103 TOTAL $121.71 MISCELLANEOUS DATE MCVDAY TRANSACTION OESCRiPTCh DEBIT AMOUNT CP£CIT ,U :NT 02/21/03 JOURNAL FITG TO FITM 114.135.00 TOTAL $.114,135.00 027 0.3131t03:13:10 001 V841 EFTA00195492 CLEARED THROUGH ITS rertiesLY CAMLE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Stearn SeWien Corp. Bear. Stearns 8. Co. Inc. BEAR 383 Madison Avenue New York. NEW York 10179 Cc* Motroioch Corder North &Worn. hew Toot 11201.3859 STEARNS FINANCIAL TRUST CO INC STATEMENT PERIOD January 1.2003 ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSRE www.bearsleams.cOM THROUGH January 31.2003 ACCOUNT NUMBER What's In This Statement 1111111111l 111111 II TAXPAYER NM:1ER On Fee LAST STATEMENT December 31.2002 Financial Summary 3 FINANCIAL TRUST CO INC 4 CdO JEFFREY EPSTEIN Your Portfolio Holdings 6100 RED HOOK QUARTER Transaction Detail 5 STE B3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash 8 Eqursalent — $220.616 NET CREDIT BALANCE 220.616 I 50 NET EQUITY THIS PERIOD $220.616 NM Current market value fati Last statements market value NET EQUITY LAST STATEMENT 0 CHANGE SINCE LAST STATEMENT 220,616 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. The sunny/ a for mfOrosThcAel passes cry a Is RR Seeded as docarnerr The Usternere should be Masted for your records. Ste warm cads for Timorlare ricentaran 027 02.01,03:15:12 001 EFTA00195493 CLEARED 1NROUON RS WIIOUY Ot1N.E0 SUBSIDIARY Beer. Saea•ns SONAMI COO. OcoMettoloch Cerra North Brocklln• New VC* 112014869 FINANCIAL TRUST CO INC 2 or STATEMENT BACKER IS PRINTED ON THIS PAGE 027 020I,0315:12 001 VS40 EFTA00195494 CLEARED THROUGH ITS 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns S0C.,44.1 Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 0 -4 Mevolech Conte North Beccidon. New To* 112014859 STEARNS FINANCIAL TRUST CO INC 3 STATEMENT PERK* January 1.2003 THROUGH January 31.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER ONFIM DC PERIOD YEAR TO DATE THIS FERIO0 LAST STATEMENT December 31.2002 Opening Balance $0.15 U.S. Govt. Bond Int. 732.415.03 732,415.03 Securities Sold Total $732.415.03 $732,415.03 121,617,968.75 Dividendsllnterest 732,415.03 Bond Purchase Int. -238.674.03 -238,674.03 Miscellaneous 4,463.41 Repurchase Int. Exp. -69.268.00 -69,268.00 Amount Credited $122,354,847.19 Securities Bought -121A81.768.00 Portfolio Composition Dividendsllnterest Charged -238.674.03 Cash/Cash Equivalent 220,616 Miscellaneous -413.789.15 Total $220.616 Amount Debited $-122,134,231.18 Net Cash Activity 220,616.01 ClosingBatance $220,616.16 Your Portfolio Allocation Cash Balance Summary mom° Margin 0.15 220,616.16 Net Cash Balance $0.15 $220,616.16 Cash & Egllrvalent- 100% Uneven' Potions denote debt beence *nee Oo•I market ',Mae The elms", ;event'', Hormel ken, to etwol.te market rat), or >es parka" 027 0201,03:15:12 001 VE40 EFTA00195495 CLEARED THRWGH ITS utterly OunEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeirns SOPHIMI CHIT Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Ore Metraimn Center No0h aro:kW% New Ts* I 12014r3S9 STEARNS FINANCIAL TRUST CO INC 4 STATEMENT PERIOD January 1.2003 THROUGH January 31.2033 Your Portfolio Holdings ACCOUNT NUMBER TAXPAYER MAUER On File CASH & CASH EQUIVALENTS LAST STATEMENT December 31.2002 MOPS ESIHMIED CuAPENT oTsCRR-iou S•AICLOJStP OUANTrry PACE VALUE NWJAL Intelle VE1.0 IIM CASH BALANCE 220,616 TOTAL CASH & CASH EQUIVALENTS $22a 616 YOUR PRICED PORTFOLIOHOLDINGS $220.616 Repurchase and Reverse Repurchase Transactions with Bear,Stearnsand Co.Inc. outstanding as of date of statement PLPIEHASS• REPURCHASE PRISING PURCHASE PRIM ACCRUED REPO COWRY START DATE DATE RATE PPRICSIAL MEREST' (FACE AMOUNT) CUSP DESCAPT Ct. YOU SOLD USIA 4.000011!15!12 (REPO) 01:23,03 OPEN 0.850 -35.350.000 -5.106 -35.000.000 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $-35.350,000 $.5.106 'Ay o' itamrenl OSe 027 020I0316:12 001 VISA EFTA00195496 CLEARED THROUGH ITS vnICkLY 0%M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,r44,1 COO. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 0-41km:tech Centec North Beccidon. New VC* 112DI.38S9 STEARNS FINANCIAL TRUST CO INC 5 c/ STATEMENT PERK* January 1.2003 THROUGH January 31.2003 Transaction Detail AGLOW! NUMBER TAXPAYER /AMBER Do File INVESTMENT ACTIVITY LAST STATEMENT December 31,2002 SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION ST MOO CuSP OWANTire PRCE DEW AMOUNT CREDIT AMOUNT 01/08/03 01/07/03 SOLD UNITED STATES TREASURY NOTE -40,000.000 102.59375 41,037,500.00 04.375% FA IS ACCR. INT. 694,293.48 OYER REF # '''''61767/65- 1006i4M 01:111011.AYBYFEEZOWNWE 40,000.000 9 .5 1 5 9.812.500.00 04.000% MN IS ACCR. NT. 238,674.03 01/23/03 01/22/03 SOLD UNITED STATES TREASURY NOTE DUE 11/15/2012 04.000% MN IS EMI -5.000.000 100.60938 ACCR. INT. 5,030,468.75 38,121.55 SPECIAL INSTRUCTIONS YIELD 3.924 %TO MATURITY GYER REF # G0225486 A3 AS OF 01/22/03 TOTAL $40.051.174.03 $46.800.383.78 REPURCHASE AND REVERSE REPURCHASETRANSACTIONS with Bear,Stearns& Co.Inc. SETTLEMENT TRADE DATE DATE TRANSACTION DESCSVICN STA(ROL CuSIP OVANillY DEBIT AS CREDIT AMOUNT 01/08/03 JOURNAL UNI I REASURY NOTE 40,000.000 41.400.000.00 FRG 4.375 TERM RE REMIST 01/08/03 JOURNAL UN EAStIRY NOTE -40,000.000 40,200,000.00 FRG 4.000 RP OPEN REPO AG 027 0201,03:15:12 001 VS40 EFTA00195497 CLEARED THROUGH ITS vniCkLY CAM.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SHWA& Sec AIMI COD Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 CA* Mevolech Cella North Beccidon. New VC* I I201.3SS9 STEARNS FINANCIAL TRUST CO INC 6 STATEMENT PERK* January 1.2003 THROUGH January 31.2003 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER NUMBER On PIM REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) LAST STATEMENT December 31.2002 SETTLEMENT TRIOS DATE DATE TRANSACTION EISCR1711C11 STMEIC‘CUSIP OUANTITT DEBIT AMOUNT CREDO AMOUNT 01/08/03 INTEREST 65,918.00 blrab5 buANAL ' 111 -35.000.000 35.350.000.00 FRG 4,000 RP OPEN REPO AG O1/23,03 JOURNAL UN 40.000.000 40.200.000.00 FITG 4,000 RP TERM TERM RE O1/23,03 INTEREST UNITED STATES TREASURY NOTE 3.350.00 DUE 11/ 4,000 FRG RP TE REPO INTEREST $-81,669268.00 $75,550,000.00 MISCELLANEOUS DATE MODAT TRANSACTION DESCRIPTION DEBIT AMOUNT CREPT MO/NT 01/06/03 JOURNAL FITG TO FITM 0.15 01/08/03 DELIVERED FITG 517.50 PON 4)750 FINANCING NET PAIROFF CUFF 01/22103 JOURNAL FITG TO FITM 413,78900 01/28/03 JOURNAL RTG REBATE 2002 3.945.91 TOTAL $413,789.15 $4.463.41 027 02.01,03:16:12 001 VS40 EFTA00195498