EFTA00195499

Statements EFTA00195499 CLEARED THROUGH ITS yriseLLY OntLE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Boor. Neon Sonrinet Corp. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York. New York 10179 Ore Metniech Center North Becciorn. New Tort 11201.3859 STEARNS FINANCIAL TRUST CO INC STATEMENT PERKO February 28.2004 ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE vemv.bearstearns.com THROUGH March 31.2004 ACCCUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER MANNER On File LAST STATEMENT February 27.2004 Financial Summary 3 FINANCIAL TRUST CO INC Transaction Detail 4 CIO JEFFREY EPSTEIN Your Messages 8 6100 RED HOOK QUARTER STE 63 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash 8 Equwalent —I Se I 3-38514 NET EQUITY THIS PERIOD 0 NE Last statements market value NET EQUITY LAST STATEMENT -33,514 Short market value CHANGE SINCE LAST STATEMEN- 33.514 There are no 'Stop Loss* orders or other pending buy or sell open orders on file for your account. St TM, TuYnaTY is Mr dOrmatnnal presses only It is not Mended maim dcanwe Tin staternore should be maned for your records Ste worst Sr f r rroonane necnnarsm 027 0.01.134:12:31 001 V829 EFTA00195500 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. SZeirns SON, t4,1 COO. Ceol.letsolech Cantot North Beccidon. New Ye* 11201.3859 FINANCIAL TRUST CO INC 2 or e STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0.01,04:12:31 001 Y829 EFTA00195501 CLEARED THROUGH ITS niCkLY OHnE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns S0N, t4H Dap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Ore Mevolech Coma North Becci0on. New Year 1201.38S9 STEARNS FINANCIAL TRUST CO INC 3 vi STATEMENT PERK* Palawan/ 28.2004 THROUGH March 31.2004 ACCCUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WEBER On Ale DC PERIOD YEAR TO DATE THIS PERIO0 LAST STATEMENT February 27.2004 Opening Balance $-33,513.55 U.S. Govt. Bond Int. 62,470.90 332,686.10 Credit Balance Int. 4.59 4.59 Securities Sold 181,187,137.82 Reverse Repurchase Int. 16,825.29 62,385.28 Dividends/Interest 62,475.48 Total $79.300.78 $395,075.97 Miscellaneous 30,926,395.39 Bond Purchase Int. -87,250.66 -327,100.48 Amount Credited 176,008.69 Margin Int. Paid -4.59 -4.59 Securities Bought -151,473.254.55 Repurchase Int. Exp. -26,379.55 -59,000.08 Dividends/Interest Charged -87.255.26 Miscellaneous -60,581,985.33 Amount Debited 142,495.14 Net Cash Activity 33,513.55 ClosingBatance $0.00 Cash Balance Summary OPEN NG ClOSING Margin .33.513.55 0.00 Net Cash Balance $-33.513.55 $0.00 027 04)01,04:12:31 001 EFTA00195502 CLEARED IHRWOH ITS LINCLLY EAM.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeirns SOR".14,1 Cap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Metsoiech Contof North Betatron. New Year 11201.3859 STEARNS FINANCIAL TRUST CO INC 4 STATEMENT PERKO February 28.2004 THROUGH March 31.2004 Transaction Detail ACCCUNT NUMBER TAXPAYER WESER On RIM INVESTMENT ACTIVITY LAST STATEMENT February 27.2004 SETTLEMENT 10.40E DATE DATE TRANSACTION OESCRPTION SYMOWCUSP OVAMITY DEBT AMOUNT CREPT (040UNT 03/01/04 02/26/04 SOLD UNITED STATES TREASURY NOTE -10,000,000 99.87500 9,987,500.00 01,6259 FA 28 ACCR. INT. 441.58 RITY GVER REF # Al 03/01/04 02/26/04 SOLD UNITED STATES TREASURY NOTE 50 000 000 99.87500 49,937,500.00 01,6269 FA 28 ACCR. INT. 2,207.88 RITY GVER St 03/01/04 RECEIVED UNITED STATES TREASURY NOTE 60 000 000 60,150,000.00 DUE 02/28+2006 1,625 1,625 FITG Al RESAL 03/10/04 03/09/04 BOUGHT UNITED STATES TREASURY NOTE 10.000.000 101.57813 10.157.812.50 03,0009 FA 15 ACCR. NT. 19.780.22 RITY GVER HEF # Al 03/10/04 03/09/04 BOUGHT UNITED STATES TREASURY NOTE 03,0009 FA 15 MIS 10.000.000 ACCR. NT. 101.60938 10,160,937.50 19.780.22 RITY GVER REP # A3 osnato4 03/17/04 BOUGHT UNITED STATES TREASURY NOTE 19000.000 100.29688 19029,687.50 01,6259 FA 28 ACCR. INT. 7,948.37 RITY GVER REF # Al 03/18/04 03/17/04 BOUGHT UNITED STATES TREASURY NOTE 50,000.000 100.29688 50,148,437.50 01,6269 FA 28 ACCR. INT. 39.741.85 RIP( GVER REF # Si 071 0401,04:12:31 001 YS29 EFTA00195503 CLEARED THROUGH ITS wIlekLY O%%E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. szeirns secv,ht, Cap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Mevolech Comet North Beano. New VC* 11201.3859 STEARNS FINANCIAL TRUST CO INC 5 STATEMENT PERMO February 28.2004 THROUGH March 31.2004 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER MAMER OR File INVESTMENT ACTIVITY (continued) LAST STATEMENT February 27.2004 SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION STIOCVCUSP GUMMY Pala DEEM AMOUNT GREW AMOUNT 03/18/04 DELIVERED UNITED STATES TREASURY NOTE -60,000,000 60,150,000.00 DUE 02t28120O6 1.625 1.625 06 MO A2 TERM R EEMENT 03/22/04 03/19/04 SOLD UNITED STATES TREASURY NOTE -10,000.000 102.45313 10.245,312.50 03.260% JJ 15 ACCR. INT. 59,821.43 TY OVER 03/28/04 03/25/04 SOLD UNITED STATES TREASURY NOTE -10,000.000 0.02 DUE 01/1S/2009 O3.250% JJ 15 ACCR. INT. 0.01 SPECIAL I GYER REF AS OF 03/2 03/26/04 03/25104 SOLD UNITED STATES TREASURY NOTE -20,000.000 0.01 DUE 02n 5/2009 03.000% FA 15 SPECiAL I GyER REF TOTAL $-140.734.125.66 $130,382,783.41 INTEREST DATE OESCRPTION STMEICEMUSIP OUANMY RATE 1%1 DENT AMOUNT CREDIT AMOUNT 03/01/04 AVG BAL 3,590RT 1.644 4.59 021 OFFICE INTEREST 0204 03/02/04 ADJ MONTHLY AMC INT FEB 03 4.59 TOTAL $.4.59 $4.59 027 O4DI04:12:31 001 11823 EFTA00195504 CLEARED THROUGH ITS YrilD5LY CAM.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet Stea•ns SON, 591 Cory. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Mevolech Cantof North Beccicon. New Toot 11201.3859 STEARNS FINANCIAL TRUST CO INC 6 STATEMENT PERKO February 28.2004 THROUGH March 31.2004 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS LAST STATEMENT February 27.2004 with Bear,Stearns& Co.inc. SETTLEMENT TRADE DATE DATE TRANSACRON DESCRVICN SYMBC1AUSIP CAIAARIN DEBIT AMOUNT CREDIT AMOUNT 03/10/04 JOURNAL UNITED STATES TREASURY NOTE -20.000.000 20.300.000.00 FRG F0700679 Al 3.000 DBE 02/I5/09 REPO AGREEMENT 03/11/04 JOURNAL UNITED STATES TREASURY NOTE 20.000.000 20,300,000.00 FRG F0700679 A2 3.000 DUE 02/I 5109 TERM REPO AGREEMENT 03/11/04 JOURNAL UNITED ATG TREASURY NOTE Al IMMO -20.000.000 20.300.000.00 3,000 09 REPO AGREEMENT 0311/04 INTEREST UNITED STATES TREASURY NOTE 112.78 DUE 02/192009 3,000 FRG F0700679 A2 REPO INTEREST 03/18/04 INTEREST UNITED STATES TREASURY NOTE 16.825.29 DUE 0 1,625 FRG A2 RES 03/22/D4 JOURNAL UNITED EASURY NOTE -10.000.000 10.250.000.00 RIG Al 3 , REPO AGREEMENT09 03/22/04 JOURNAL UNITED EASURY NOTE 20.000.000 20.100.000.00 A,TG A2 3R,50 09 TERM REPO AGREEMENT 03.22J04 INTEREST UNITED STATES TREASURY NOTE 23.405.33 DUE Mill 3.250 FRG A2 REPO I 03/28/04 JOURNAL UNITED TATE TREASURY NOTE 10.000.000 10.250.000.00 FRG A2 3,250 09 TERM REPO AGREEMENT 027 0401,04:12:31 001 V829 EFTA00195505 CLEARED THROUGH ITS WIIOUY OHPOO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZea•us SOC‘MMI COO Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Mevolech Cantec NOM Beccioon. New Year 11201.3859 STEARNS FINANCIAL TRUST CO INC 7 STATEMENT PER100 PEtrualy 28.2004 THROUGH March 31.2004 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER POWER On File REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) LAST STATEMENT Fewest)/ 27.2004 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPRON STAIDECCUSIP WARM DEPT AMOUNT CREDIT AMOUNT 03/26/04 JOURNAL UNITED TATE TREASURY NOTE 20.000.000 20.300.000.00 FRG A2 3,000 09 TERM REPO AGREEMENT 03/26/04 INTEREST UNITED STATES TREASURY NOTE 837.08 DUE 1.101. 3.250 FRG A2 REPO I 03/2844 INTEREST UNITED STATES TREASURY NOTE 2,024.36 DUE 0 3,000 FRG A2 REPO I TOTAL 6-70,976.379.55 $50.866.825.29 MISCELLANEOUS DATE LtatAY TRANSACTOR DESCRIPTOR DEPT AMOUNT CREPT ASOUNT 03/01/04 JOURNAL FITG FITM 33,513.00 O3/02ttM JOURNAL FITG FITM 222.355.00 0=4/04 JOURNAL FITG FITM 3.00 03111/04 JOURNAL FITG FITM 58.309.00 03/12(04 JOURNAL FITG FITM 113.00 03/15/04 JOURNAL FITG FITM 226.00 03/19/04 JOURNAL FITG FITM 58.990.00 O323ttM JOURNAL FITG TO FITM 431,728.00 03/25/04 JOURNAL MISC ADJ TO CASH BAL 0.36 027 DA01,04:12:31 001 Y829 EFTA00195506 CLEARED THROUGH ITS Y4935LY OR5.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BOR. Szea•ns SON944 GNP Bear. Stearns & CO. Inc. BEAR 383 Madison Avenue New York, Nen York 10179 Ore Metsoiech Canto North Reckron. New Ye* 11201.3859 STEARNS FINANCIAL TRUST CO INC 8 STATEMENT PERK* February 28.2004 THROUGH March 31.2004 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER 04/493ER On File MISCELLANEOUS (continued) LAST STATEMENT February 27.2004 DATE MORAY TRANSACIXN DESCRIPTION DEBIT AMOUNT CREPT AMOUNT 03/26/04 RECEIVED FITG 140.97 I AA uuUPON 3.0000 FINANCING NET PAIRCfF DIFF 03/30/04 JOURNAL FITM TO FITG 30,553,002.39 TOTAL $.431S8633 $30.926.395.39 Your messages Excess SIPC Account Protection Update The Firm believes it is of the utmost importance that clients who purchase or Effective February 16, 2004, the commercial insurer through which Bear, Bge hold mutual funds fully understand the intricacies of the pricing structures and Steams Securities Corp, obtains excess SIPC protection changed to Customer rules which govern these investments. Recently, a pint Industry/NASD Task Asset Protection Company MAPCO", a New York licensed insurance Force collaborated to create a Disclosure Statement to address these issues, company. CAPCO has an A-i- financial strength rating from Standard and We are providing this Disclosure Statement to you for the purpose of Pools. reinforcing these concepts and to initiate the opportunity for further discussion of these issues to the extent you have questions, You are encouraged to contact your financial professional with any questions you have regarding your investments. Additionally, you may review this information online at the following NASD web site: http://vvw.nasdr,comibreakpoints_statement,asp End of Statement 027 04191,04:12:31 001 Y829 EFTA00195507 CLEARED THROUGH ITS YrisekLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szewee Secwitt Corp. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York. New York 10179 Cto Metsolech Corder North Beccioon. New VC* 11201-3859 STEARNS FINANCIAL TRUST CO INC STATEMENT PERIOD January 31.2004 ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE vnvw.bearsteams.com THROUGH PebniNy 27.2004 ACCI:4-NT NUMBER What's In This Statement 11111111111111111 II TAXPAYER PAMMER On File LAST STATEMENT January 30.2004 Financial Summary 3 FINANCIAL TRUST CO INC Your Portfolio Holdings 4 C/O JEFFREY EPSTEIN Transaction Detail 5 6100 RED HOOK QUARTER Trades Not Yet Settled 7 STE 63 Your Messages 8 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash 8 Equvalent I $-33.514 NET DEBIT BALANCE -33,514 $0 NET EQUITY THIS PERIOD $-33.514 au Last statement's market value Short market value NET EQUITY LAST STATEMENT 0 CHANGE SINCE LAST STATEMENT -33,514 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Slit Tres Win s/ fa ofOrmaCwal etroals caly *Kra Pleaded as a tat &and Tres statesoorg sham be maned for your records Ste ream **for roman reamanan 027 022800:11:32 001 Y828 EFTA00195508 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, 14,1 COO. Ore Momloch Cantot North Broeklln• New Ye* 11201.3859 FINANCIAL TRUST CO INC 2 or e STATEMENT BACKER IS PRINTED ON THIS PAGE 021 02,2804:11:32 001 Y828 EFTA00195509 CLEARED 1HRWGH ITS amply Orth.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BON. Station SONO.* COP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Ore Mevolech Canto North Ma:kW% New Yoh 11201.3859 STEARNS FINANCIAL TRUST CO INC 3 ci STATEMENT PERIOD January 31.2004 THROUGH PetvuEuy 27.2004 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER mra3ER On File MS PERICO TEM TO DATE THIS PERICO LAST STATEMENT January 30.2004 Opening Balance $0.28 U.S. Govt. Bond Int. 12.362.64 270,215.20 Reverse Repurchase Int. 36,484.42 45,559.99 Securities Sold 180.922.421.92 Total $48.847.06 $315,775.19 Dividends/Interest 12,362.64 Bond Purchase Int. -191.620.89 -239,849.82 Amount Credited $180.934.784.56 Repurchase Int. Exp. 0.00 -32,620.53 Securities Bought -120,464.062.50 DividendstInteresl Charged -191.620.89 Miscellaneous -60,31a615.00 Portfolio Composition Amount Debited $180.968,298.39 WIT lG•G CashtCash Equivalent 33.514 Net Cash Activity -33.513.83 Total $33.514 Closing Balance $-33.513.55 Your Portfolio Allocation Cash Balance Summary OPEN hG CLOSING Margin 0.28 -33,513.55 Net Cash Balance $0.28 5-33.513.55 Shut Cash & Equivalent — 100 Unero<le0 croons eon,* Oar beence onto' Or, male wive, he elopers. ;event'', to pewee Item to etnol.te market rat), oi ,ev mike" 027 02.2804:11:32 001 1828 EFTA00195510 CLEARED THRWGH ITS niCkLY OW‘.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns S0C,mt.t1 Dap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Cr.* Mevolech Cardm NOM etCCk/01. New Yuk I1201.38S9 STEARNS FINANCIAL TRUST CO INC 4 ci STATEMENT PERIOD January 31.2000 THROUGH February 27.2004 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER AMBER On FIM LAST STATEMENT January 30.2000 MARKET ESTIMATED CUAPENT otscarriou S•ATECL 0./StP QUANTITY PACE VALUE NWJAL VELD I%) CASH BALANCE -33.514 TOTAL CASH & CASH EQUIVALENTS $-33.514 YOUR PRICED PORTFOLIOHOLDINGS $.33.514 Repurchase and Reverse Repurchase Transactions with Bear,Stearnsand Co.Inc. outstanding as of date of statement PURCHASE REPURCHASE PRICING PURCHASE PRICE ACCRUED REPO CUANTITY START DATE DATE RATE PRINCPAL MEREST' (FACE AMOUNT) CUSP DESCRIPTION YOU SOLO USIA 3.2500 01/15109 (REPO) 01:26/04 OPEN 1.050 -20.100.000 -12.702 -20.000.000 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $20.100.000 $.12,702 As H 44.11CriVett CI= 027 02.2600:11:22 001 YS2S EFTA00195511 CLEARED THRWGH ITS miserly 0141.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Starves Seto MI COO. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 CcoMetraiecn Canter North &Worn. New Ton 11201.3859 STEARNS FINANCIAL TRUST CO INC 5 STATEMENT PERK* January 31.2004 THROUGH February 27.2004 Transaction Detail ACCOUNT NUMBER TAXPAYER WINDER On File INVESTMENT ACTIVITY LAST STATEMENT January 30.2004 SETTLEMENT 10.40E DATE DATE TRANSIC113/1 0ESCRPTI0N STIJEKILCUSE CVAINITITY PPoCE DEBIT AMOUNT CREPT PACVNT 02/04/04 02/03/04 SOLD UNITED STATES TREASURY NOTE -10.000.000 100.22656 10,022,656.25 01,875% JJ 31 ACCR. INT. 2,060.44 RITY GVER REF # A3 AS OF 02/03 02/04/04 02/03/04 SOLD UNITED STATES TREASURY NOTE -50.000.000 100.22656 50,113,281.25 01875%JJ 31 ACCR. INT. 10,302.20 RIP/ GVER REF # B3 AS OF 02/03 02/04/04 02/03/04 BOUGHT UNITED STATES TREASURY NOTE 10.000.000 100.32031 10.032.031.25 O1,875% JD 30 ACCR. INT. 18.028.85 RITY 0.3 02/04/04 02/03/04 BOUGHT UNITED STATES TREASURY NOTE 50.000.000 100.32031 50,160,156.25 O1.875% „ID 30 ACCR. INT. 90.144.23 RI GVER REF # eaP/ AS OF 02/03 OZ0404 RECEIVED UNITED STATES TREASURY NOTE 60.000.000 60.300.000.00 DUE 01/31/2006 1.875 1,875.1k FFRG RESAL 7Al DELIVERED UNITED STATES TREASURY NOTE -60,000.000 60.450.000.00 DUE 12/31/2005 1,875 10375 s FITG 0,4 TERM R EEMENT 02/27/04 02/26/04 BOUGHT UNITED STATES TREASURY NOTE 10.000.000 100 45313 10,045,312.50 01,875% JJ 31 ACCR. INT. 13.907.97 RIP/ Al 027 024804:11:32 001 Y828 EFTA00195512 CLEARED IHRWCH ITS yrisCxLY OBY.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 8038r. SZeirn5 SON, t4,1 DPP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Non York 10179 Ore Metsciecn Canter North Betatron. New Tot 112013859 STEARNS FINANCIAL TRUST CO INC 6 STATEMENT PEra00 January 31.2004 THROUGH February 27.2004 Transaction Detail (continued) ACCOUXT NUMBER TAXPAYER WIPER Cn File INVESTMENT ACTIVITY (continued) LAST STATEMENT January 30.2004 SETTLEMENT TRADE DATE DATE IRANSACTON OESCRPTION STMEICILCUSE GUMMY poCE DEBIT AMOUNT CREOCT PlOcter 02/27/04 02/29404 BOUGHT UNITED STATES TREASURY NOTE 50.000.000 100.45313 50.226,562.50 01,875%JJ 31 ACCR. INT. 69.539.84 RITY OVER REF # al 02/27/04 DELIVERED UNITED STATES TREASURY NOTE IN= -60.000.000 60.300.000.00 DUE 01/31(2006 1,875 1,875 FITG TERM R EEMENT TOTAL S.180.955.683.39 $180.898.300.14 REPURCHASE AND REVERSE REPURCHASETRANSACTIONS with Bear,Stearns& Co.Inc. SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPTICH SYMBOLDuSIP OUJWTITY DEBIT AMOUNT CREDIT AMOUNT 02/04/04 INTEREST UNITED STATES TREASURY NOTE 14.675.92 DUE I 1,875 FRG A4 RES 02(27/04 INTEREST UNITED STATES TREASURY NOTE 21.808.50 DUE 011100 1,875 FRG A2 RESALE TOTAL $36.484.42 027 02:2604:11:32 001 7828 EFTA00195513 CLEARED IHRWOH ITS 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, M1 Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Metsalech Cantet NOM Stock/n. New Ye* MOI.3859 STEARNS FINANCIAL TRUST CO INC 7 STATEMENT PERIOD January 31.2004 THROUGH February 27.2004 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AVERER On File MISCELLANEOUS LAST STATEMENT January 30.2004 DATE MOAT TRANSACTCN DESCRIPTON DEBIT AMOUNT CREPT AMOUNT 02/05/04 JOURNAL FITG FITM 12,615.00 TOTAL $-12,615.00 Trades Executed Pending Settlement SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION STMIXLCUSIP OUANTITY PRICE DEER AMOUNT CREDIT AMOUNT 03/01/04 02/26/04 SOLD UNITED STATES TREASURY NOTE -10.000.000.00 99.8750 9.987.941.58 01,625% FA 28 UFUTY GVER REF # Al 03/01/04 02/26/04 SOLD UNITED STATES TREASURY NOTE -50.000.000.00 99.8750 49.939.707.88 01,625% FA 28 FUTY GVER REF # 81 TOTAL $0.00 $59.927.649.46 Tao above YEWS 03 001 appear in any oil*/ somon of ma mamma 027 02,2804:11:22 001 Y828 EFTA00195514 CLEARED THROUGH ITS yrtieLLY Orth.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. 51e9•n5 Seeneel 0010 Bear. Stearns & CO. Inc. BEAR 383 Madison Avenue New York, Nen York 10179 Ore Metniech Cantm North Beccohn. New Year 11201.3859 STEARNS FINANCIAL TRUST CO INC 8 vi STATEMENT PERIOD January 31.2004 THROUGH February 27.2004 ACCOUNT Nemesia TAXPAYER MASSER On File Your messages LAST STATEMENT January 30.2004 Excess SIPC Account Protection Update Effective February 16, 2004, the commercial insurer through which Bear, Steams Securities Corp, obtains excess SIPC protection changed to Customer Asset Protection Company MAPCO", a New York licensed insurance company, CAPCO has an A-0 financial strength rating from Standard & Pool's, End of Statement 027 02/2604:11:22 001 Y829 EFTA00195515 CLEARED THROUGH ITS yniCsLY OLMLED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Stars SOPyilitl COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York. New York 10179 Cep Metrotech Confer North Bronco. New York 11201.3859 STEARNS FINANCIAL TRUST CO INC STATEMENT PER100 January 1.2004 ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WE8SITE www.bearstearns.com THROUGH January 30. 2004 ACCOUNT NUMBER What's In This Statement IIII II 111111111H II TAXPAYER NULI3ER On File LAST STATEMENT December 31.2003 Financial Summary 1 FINANCIAL TRUST CO INC Your Portfolio Holdings 2 0/0 JEFFREY EPSTEIN Transaction Detail 3 6100 RED HOOK QUARTER Your Messages 7 STE B3 ST THOMAS VI 00802 Cash Flow Analysis Cash Balance Summary This PERIOD OPENING CLOSING Opening Balance $0.49 Margin 0.49 0.28 Securities Sold 226,228,606.83 Net Cash Balance $0.49 $0.28 Dividends/Interest 257.852.56 Miscellaneous 60,763,172.61 Amount Credited $287,249,632.00 Income Summary Nom°, YENS TO DATE Securities Bought -70,500,589.28 U.S. Govt. Bond Int. 257.852.56 257,852.56 Dividends/Interest Charged -48.228.93 Reverse Repurchase Int. 9.075.57 9,075.57 Miscellaneous -216,700.814.00 Total $266,928.13 $266,928.13 Amount Debited $.287.249.632.21 Bond Purchase Int. -48,228.93 -48,228.93 Net Cash Activity -0.21 Repurchase Int. Exp. -32,620.53 -32,620.53 Closing Balance $0.28 t This sunny/ is Xs Plasmas:nal pflosts say Ikea s'Ondo4 scalar drarnsa flit MaternsrC should Do retailed for your words Set wend a Tar rtmonsit nfainstire 027 Ou3u04:00:20 001 YS24 EFTA00195516 CLEARED THROUGH ITS tottC5LY 0"EO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Neon SON•rhtl COG. Bear. Stearns & CO. Inc. BEAR 383 Madison Avenue New York New York 10179 Ore Metroiech Cantof North Recciorn. New York 11201.3859 STEARNS FINANCIAL TRUST CO INC 2 vi STATEMENT PERIOD January 1.2004 THROUGH January 30.2004 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER MAGER On Fee LAST STATEMENT December 31.2003 IMFGET ESTIMATED CUAPENT ossckP-iou SrmeCL CL/SIP Ouenmy PACE VALUE NWJAL IntWE V SO 1%) CASH BALANCE TOTAL CASH & CASH EQUIVALENTS Repurchase and Reverse Repurchase Transactions with Bear,Stearnsand Co.Inc. outstanding as of date of statement PURCHASE/ REPURCHASE PRICING PURCHASE PRICE/ ACCRUED REPO GAMY START DATE GATE PATE PRITICAPAL MEREST (FACE AMOUNT) CUSS) DESCRIPTOR YOU SOLD USIR 3.2500 01/15/09 (REPO) 01/26/04 OPEN 0.280 .20.100.000 -2.635 -20.000.000 YOU BOUGHT USIR 1.8750 12/31105 (REVERSE) 01+21/04 OPEN 0.550 60.450.000 12.912 60.000.000 TOTAL REVERSE REPURCHASETRANSACTIONS $60.450.000 $12.912 TOTAL REPURCHASE TRANSACTIONS 5-20.100.000 $-2.635 AS Cl 214IPTOM <WO 027 0031.134:09:20 001 1782A EFTA00195517 CLEARED THROUGH DS ?Aunty CAM,;(0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beat Szeirns Soc.rthel COO Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Metsmecn Center North &worn. New VC* 120138S9 STEARNS FINANCIAL TRUST CO INC 3 STATEMENT PERIOD January 1.2004 THROUGH January 30.2004 Transaction Detail ACCOUNT NUMBER TAXPAYER AMMER On File INVESTMENT ACTIVITY LAST STATEMENT DeC0Mbef 31,2003 SETTLEMENT 10.45E DATE DATE TRANSACTOR OESCRPTION SYTAIROLICUSP OHM? PRICE DEBIT AMOUNT CREDIT AMOUNT 01/07/04 01/06/04 SOLD UNITED STATES TREASURY NOTE -20,000,000 99.92188 19,984,375.00 01,625% MS 31 ACCR. INT. 87,909.84 RITY GVER REF tt Al 01/09/04 01/08/04 SOLD UNITED STATES TREASURY NOTE -35,000,000 100.10156 35,035,546.88 01,875% JO 30 ACCR. INT. 16,225.96 ITV OVER REF it Al 01/09/04 RECEIVED UNITED STATES TREASURY NOTE 35.000.000 35,131,250.00 712/31/2005 1,875 1,85EVa OS T FRG Al RESAL 01/15/04 01/14/04 BOUGHT UNITED STATE TREASURY NOTE 10.000.000 102.03906 10,203,906.25 SYR NOTE ACCR. INT. 28.586.07 03,375% JO 15 rt GVER REF 01/21/04 01/20/04 SOLD UNITED STATES TREASURY NOTE NM -25.000.000 100.40625 25.101.562.50 01,875% .10 30 ACCR. INT. 27.043.27 01/21/04 RECEIVED UNITED STATES TREASURY NOTE 60.000.000 60.450.000 00 IDUE 12/31/2005 1,875 1,875 IPON 1,8750 FINANCING NET PAJROFF DIFF 0V21104 RECEIVED UNITED STATES TREASURY NOTE 60,000,000 60.450.000.00 DUE 12/31/2005 1,875 1,875Allir FRG Al RESAL 027 0141.04:09:20 001 EFTA00195518 CLEARED IHRCOGH ITS »lett? O‘M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZetrns Coal‘ Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Dec Meveleen Cent« North Beeciam. New Te" 11201.3859 STD;RNS FINANCIAL TRUST CO INC 4 STATELIER, PERM January 1.2004 THROUGH January 30.2004 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER WYBER On File INVESTMENT ACTIVITY (continued) LAST STATEMENT December 31,2003 SETTLEMENT TRADE DATE DATE TRANSACT/3N CESCRPREIN STM13EVCUSP OVANTITY PRICE DEBIT AMOUNT CREW !MUM 01/21/04 RECEIVED UNITED STATES TREASURY NOTE 60.000,000 60,450,000.00 DUE 12/31(2005 1675 1675 5 FITG A3 REGAL 01/21/04 DELIVERED UNITED STATES TREASURY NOTE -35.000.000 35.131.250.00 OUE 12/31(2005 1.875 1,875 05 FITG A2 TERM R EEMENT 01/21/04 DELIVERED UNITED STATES TREASURY NOTE OUE 12/31+2005 1675 ~I -60.000.000 60.450.000.00 1675 05 FITG A2 REGAL 01/22/04 JOURNAL UNITED STATES TREASURY NOTE -60.000.000 ADJ POS NO 1/21(04 1,875 DUE 12131/05 01/26/04 01/23/04 SOLD UNITED STATES TREASURY NOTE -10.000.000 100.63281 10,063,281.25 03,125% AO 15 ACCR. INT. 87,943.99 RITY GVER REF Al 01/26/04 01/23/04 SOLD UNITED STATE TREASURY NOTE -10.000,000 101.53516 10,153,515.63 SYR NOTE ACCR. INT. 38,729.50 03,375% JD 15 RITY Al 01)26104 012304 BOUGHT UNITED STATES TREASURY NOTE 20.000.000 100.88281 20.176.562.50 03.250% JJ 15 ACCR. INT. 19.642.86 RITY GVER RES # Al TOTAL $-246,909,947.68 6196,177,383.82 027 014104:09:20 001 Y824 EFTA00195519 CLEARED THROUGH ITS ?AIM? OtM.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 Cory. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Cc* Mevolech Contof North Beccidon. New To* 11201.3859 STEARNS FINANCIAL TRUST CO INC 5 STATEMENT PERIOD January 1.2004 THROUGH January 30.2004 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER NUMBER 011Flk REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS LAST STATEMENT December 31.2003 with Bear,Stearns& Co.Inc. SEITLEMEr0 TRADE DATE DATE TIWISACNON DES:RP-ION STAIOCCCUSIP aMMITY DEBIT *MOM CREDIT AMOUNT 01/07/04 JOURNAL UNITED TATE TREASURY NOTE 20.000.000 19,900,000.00 FRG 1.625 TERM REPO AGREEMENT 01/07/04 INTEREST UNITED STATES TREASURY NOTE 16,865.25 DUE Oil. 1.625 FRG A2 REPO I 01/15/04 JOURNAL UNITED STATE TREASURY NOTE -10,000,000 10.200.000.00 5 YR NOTE 3.375 08 FITG Al REPO 01/21/04 INTEREST UNITED STATES TREASURY NOTE DUE 1 1.875 NMI 9,075.57 FRG A2 RE 01/26/04 JOURNAL trig UNITED STATES TREASURY NOTE FRG 3.125 A2 08 10.000.000 9.987.500.00 TERM REPO AGREEMENT 01/26/04 JOURNAL UNITED STATE TREASURY NOTE 10,000.000 10.200.000.00 5 YR NOTE 3,375 08 RIG A2 TERM ENT 01/26/04 JOURNAL UNITED EASURY NOTE -20.000.000 20.100.000.00 FRG Al 3.250 09 REPO AGREEMENT 01/26/04 INTEREST UNITED STATES TREASURY NOTE 13,091.95 DUE Hill 3.125 FRG A2 REPO I 027 0141414:09:20 001 V824 EFTA00195520 CLEARED THROUGH ITS totteLLY OHO.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BOP. Stearn SO8r,581 C010. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Mevolech Cantot North Becciont New Year 11201.3859 STEARNS FINANCIAL TRUST CO INC 6 STATEMENT PER100 January 1.2004 THROUGH January 30.2004 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File REPURCHASE AND REVERSE REPURCHASETRANSACTIONS (continued) LAST STATEMENT December 31.2003 SETTLEMENT DATE DATE TRANSACTION DESORPTION swam/Gyve OUANTITT DEBIT AMOUNT CREDIT AMOUNT 01/26/04 INTEREST UNITED STATE TREASURY NOTE 2,663.33 5 YR NOTE DUE Ill. 3.375 FITG A2 REPO I TO-AL $.411120.120.53 $30.309.075.57 MISCELLANEOUS DOTE MDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREW AAIJUN1 01/08/04 JOURNAL FITG FITM 155,420.00 01/12/04 JOURNAL FITG ATM 79,477.00 01/13/04 JOURNAL 03 TREASURY REBATE FITG 19,611.26 01/14/04 JOURNAL FITG FITM 19,611.00 01/16/04 JOURNAL FITG FITM 32.492.00 01/21/04 DELIVERED FIT 60.450.000.00 UPON 1.8750 FINANCING NET PAIRCPF DIFF 01/22/04 JOURNAL FITM TO FITG 181.068.00 01/26/04 DELIVERED FIT 524.35 UPON 3.1250 FINANCING NET PAIROFF DIFF 01/27/04 JOURNAL FITG ATM 44,533.00 TOTAL $-219,564.00 $60,763,172.61 027 0141.134:09:20 001 1/82A EFTA00195521 CLEARED THROUGH ITS CMY.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet Saea•n& SOC‘Nbtr Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Non York 10179 Ore Metniecn Center North &Worn. Hew Tux 11201.3859 STEARNS FINANCIAL TRUST CO INC 7 vi STATEMENT PERIOD January 1.2004 THROUGH January 30.2034 ACCOUNT NUMBER TAXPAYER KAMER 011File Your messages LAST STATEMENT December 31.2003 Excess SIPC Account Protection Update Effective February 16, 2004, the commercial insurer through which Bear, Steams Securities Corp, obtains excess SIPC protection will change to Customer Asset Protection Company ('CAPCO'), a New York licensed insurance company. CAPCO has an A-1- financial strength rating from Standard and Pools. End of Statement 027 014104:09:20 001 vase EFTA00195522 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, 14,1 COO. Ceol.letioloch Cantot North Broeklln• New Volt 11201.3859 FINANCIAL TRUST CO INC 8 of e STATEMENT BACKER IS PRINTED ON THIS PAGE 021 014144:09:20 001 Y82/ EFTA00195523