EFTA00196295

Statements EFTA00196295 CLEARED IHRWOH YiliCkLY 1e.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeams Sebritin Cap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue Cc* Metsoush Center North Bescrom. New York 11201.3559 STEARNS New York. New York 10179 FINANCIAL TRUST CO INC STATEMENT PER•00 November 30.2002 ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE vevAv.bearsteams.com THROUGH December 31.2002 ACCOUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER Ter TER On File LAST STATEMENT November 29.2002 Financial Summary 3 FINANCIAL TRUST CO INC CIO JEFFREY EPSTEIN Your Portfolio Holdings 4 6100 RED HOOK QUARTER Transaction Detail 5 STE 63 Trades Not Yet Settled 11 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Important Message II any information regarding Cash a Equivalent $24.520 2002interest. dividends. TOTAL VALUE OF SECURES THIS PERIOD' 13,715,716 $13.776 miscellaneous income. LONG ACCRUED INTEREST 509,313 gross proceeds or original Flied $13.715.716 issue discount is required NET CREDIT BALANCE 24,520 Income $7.421.941 to be reported to the IRS for this account, a Current market value Consolidated Form 1099 NET EQUITY THIS PERIOD $14,249,549 will be mailed to you by {IM Last statement's market value January 31.20030r a NET EQUITY LAST STATEMENT 7,885,525 1042Sby March 17,2003. CHANGE SINCE LAST STATEMENT 6,364,025 -Tm cafe* nclocles crc• or nee 'synced amides tut are not reacted n to TOW *fug of Seaside; ad the RR Epee/ The Paled There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. SIM lOMPATTTurYlshol ofOrmaheRal ReliOsts only Rasta mended of a tar clowned ' The RaternerX should be mans for %OA MOSS SO reverse S for immure ricdrucca 027 01.003301:69 001 v639 EFTA00196296 CLEARED 1HROUGH NS WIIOUY 0"E0 SUBSIDIARY Beer. SZeirns SON, t4,1 COO. Ceol.levalech Cantet North Beccidon. Hew Volt 11201.3859 FINANCIAL TRUST CO INC 2 oi 11 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0101,03:08:59 001 VE:39 EFTA00196297 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns S0N, t4,1 COrP Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 OtoMetsolech CarrIN North Beccidon. New Ye* 11201.3859 STEARNS FINANCIAL TRUST CO INC 3 STATEMENT PERIOD Novemter 30.2002 THROUGH December 31.2002 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER NINSER On Pik TIC PERIOD YEAR TO DATE THIS PERIOD LAST STATEMENT NOYeriltet 29.2002 Opening Balance $13,775.71 Govt. Agency Int. 964,540.47 2.802.875.24 Credit Balance Int. 342.52 1.035.54 Securities Sold 71,498,828.13 Total $964.882.99 $2.803.910.78 Dividends Interest 964,882.99 Miscellaneous 7,182,198.39 Bond Purchase Int. • -497.459.47 Amount Credited $79,645,909.51 Securities Bought -71,498,828.13 Portfolio Composition Miscellaneous -8,136.336.62 CashiCash Equivalent 24,520 Amount Debited $-79.635.164.75 Fixed Income 13.715,716 Net Cash Activity 10.744.76 Total $13,740,236 Closing Balance $24,520.47 Your Portfolio Allocation Cash Balance Summary OPORTO CLOSING Cash .4 Equiva!e-t I% Margin 13,775.71 24,520.47 Net Cash Balance $13.775.71 $24,520.47 Untivoecl Frown deny* debt beano, 'not, Or, male vela, TO elocaInn percenMo, on•Fmo my, VO 00101.te r4* Vale 0)W palbn 027 01,01,03:08:59 001 V639 EFTA00196298 CLEARED THROUGH ITS WIIOUY OW,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SON, t4,1 EerlY Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Dec MetsoNch Car:Ng NOM Beano. New VC* I1201.38S9 STEARNS FINANCIAL TRUST CO INC 4 vi STATEMENT PERK* November 30.2002 THROUGH December 31.2002 Your Portfolio Holdings ACCOUNT NUMBER TAXPAYER KINSER On File CASH & CASH EQUIVALENTS LAST srATELIENT November 29.2002 PAARXE1 ESTIMAIED CURRENT DESCRIPTION SYMBOLCUSIP DUMMY PRICE VALUE !ANS INCOME YELD I%) CASH BALANCE 24.520 TOTAL CASH & CASH EQUIVALENTS $24,520 FIXED INCOME Government & Agency Obligations ACCT ACCRUED ESTMATE0 CURFEW DESORPTION S'ITABOLCUSP TYPE DUMMY PRICE MARKET VALLE INTEFEST ANNUAL INCOME YELD FEDERAL HOME LOAN MTG CORP MRGN 58,082,010 8.6987 5.052.380 154,367 3.473,304 68.7459 SERIES 2530 CLASS SE DATED DATE 10/11/02 BOOK ENTRY ONLY DUE 02/1 0% FACTOR — FEDERAL HOME LOAN MTG CORP MRGN 24.914,447 8.3566 2.082.008 61,787 1.390,226 66.7733 SERIES 2526 CLASS SI DATED DATE 10/01/LY2 BOOK ENTRY ONLY DUE 02/16 01L FACTOR — FEDERAL HOME LOAN MTG CORP MRGN 63,667,128 2.9911 1,904,354 28,294 636.671 33.4324 SERIES 2471 CLASS YT DATED DATE 06/07/02 BOOK ENTRY ONLY DUE 03/16+7 01L FACTOR - FEDERAL HOME LOAN MTG CORP MRGN 45.780.425 Unposed 133,880 3.012,352 SERIES 2488 CLASS SO DATED DATE 07/08/02 BOOK ENTRY ONLY DUE OW 0% FACTOR - 027 0101,03:011:69 001 YE:39 EFTA00196299 CLEARED THRWGH ITS wuCkLY OW,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet Szeirns Soc,M*1 GOO. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ore Mevolech Cella HORN BeockI1n. New Ye* 11201.3859 STEARNS FINANCIAL TRUST CO INC 5 e STATEMENT PERK* NOMMINN 30.2002 THROUGH December 31.2002 Your Portfolio Holdings (continued) ACCCUNT NUMBER TAXPAYER kva3ER On File LAST STATEMENT November 29.2002 Government & Agency Obligations (continued) ACC' ACCRUED ESTIMIED CURRSVr DUCE:OWN SwireCLCuSP TYPE OLIAMITY PRICE 1AARXET VALLE MEREST AHMJAL INCOME YELDIST FEDERAL HOME LOAN MTG CORP MRGN 52.816,814 8.8551 4.676.974 130,985 2.947,178 63.0146 SERIES 2483 CL SL DATED DATE 07102,02 BOOK ENTRY ONLY DUE 03115 0% FACTOR — . Total Government& Agency Obligations $13.715.716 $509.313 $11.459.731 TOTAL FIXED INCOME $13.715.716 $509.313 $11.459.731 YOUR TOTAL ACCRUED INTEREST $509.313 YOUR TOTAL ESTIMATED ANNUAL INCOME $11.459.731 YOUR PRICED PORTFOLIOHOLDINGS $13.740.236 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION S0/00..CuSP OJANHT, PRCE DEBIT AMOUNT CP£O.I MAOUNI 12/09/02 PRINCIPAL FEDERAL HOME LOAN MEG CORP 2,639.915 SERIES 2471 CLASS YE 1.000 DUE 03/15/32 REV INC PRN 11/15/02 027 0141,030:59 001 V639 EFTA00196300 CLEARED THROUGH ITS WHOLLY CRM.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,r44,1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 0-41km:tech Centec North 0eock11n. New VC* I I201.3SS9 STEARNS FINANCIAL TRUST CO INC 6 STATEMENT PERK* November 30.2002 THROUGH December 31.2002 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER WINNER On Foe INVESTMENT ACTIVITY (continued) LAST STATEMENT November 29.2002 SETTLEMENT TRADE DATE DATE TRANSACTKIN DESCRIPTION STME/OLCUSTP GUMMY Pula DEBT AMOUNT GRECO AMOUNT 100002 PRINCIPAL FEDERAL HOME LOAN MTG CORP -1,915,857 SERIES 2471 CLASS YT 1.000 DUE 03/15/32 PAY CAR PRN 11/15/02 1012/02 11/07/02 BOUGHT FNMA-30YR(FNMA) GTD 25,000,000 102.62500 25,656,250.00 SETT,12/02 BS 1012/02 11/14/02 CANCEL SELL FNMA-30YR(FNMA) GTD 25.000.000 102.79688 25.699.218.75 SELL 002 06.000% REF # BS AS OF 1 TO CA PREVIOUS SELL 12/12/02 11/07102 CANCEL BUY FNMA-30YR(FNMA) GTD -25.000.000 102.62500 25,656,250.00 SETT,1002 E 12/01/20 1 06,000% BS AS OF TO CIA PREVIOUS BUY 1012/02 11/14/02 SOLD FNMA-30YR(FNMA) GTD -25,000,000 102.79688 25,699,218.75 SETT,1002 06.000% REF 85 12/10a 1044/06 aka §n. rfilkia-50YFI(rNMA) olb 1o.odd.doo 100.52764 10.052.734.36 SE T,12/02 05.500% BS AS OF 12/04/02 TO CA PREVIOUS SELL 027 01.1)1,030:69 001 YE39 EFTA00196301 CLEARED THROUGH ITS niCkLY OHnEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4H GOO. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Cc* Mevolech CarrIN North Beccidon. New VC* I I201.3SS9 STEARNS FINANCIAL TRUST CO INC 7 STATEMENT PER100 NOvernter 30.2002 THROUGH December 31.2002 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER WESER On File INVESTMENT ACTIVITY (continued) LAST STATEMENT November 29.2002 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOL:CUSP GUMMY pRCE DEBIT AMOUNT CREPT AMOUNT 12/12/02 11/07/02 BOUGHT FNMA-30YR(FNMA) GTO 10,000,000 100.90625 10,090,625.00 SETT,12/02 05,500% REF # 85 rig -30Yfltl`)•IN)A)tsi -16:666:o 1bb.54734 1b,b32,534.9A SETLIZ 02 85 12/12/02 11/07/02 CANCEL BUY FNMA-30YF(FNMA)GTD -10.000.000 100.90625 10,090,625.00 SETT,1262 DUE 12+01+2032 05,500% AS t TO CXL PREVIOUS BUY 12/16/02 PRINCIPAL FEDERAL HOME WAN MTG CORP SERIES 2471 CLASS YT NINE 2.196.000 1,000 DUE 03/15132 PRINCIPAL REDUCTN 12-15-02 12/16/02 PRINCIPAL FEDERAL HOME LOAN MTG CORP -250 SERIES 2471 CLASS YT 1,000 DUE 03/15/32 PRINCIPAL REDUCTN 12-15-02 1016/02 PRINCIPAL FEDERAL HOME WAN MTG CORP •1621600 SERIES 2483 CL SL 5,580 DUE 03/15/32 PRINCIPAL REDUCTN 12-15-02 12/16/02 PRINCIPAL FEDERAL HOME LOAN MTG CORP -967 SERIES 2483 CL SL 5,580 DUE 03/15/32 PRINCIPAL REDUCTN 12-15-02 12/16/02 PRINCIPAL FEDERAL HOME WAN MTG CORP -1.579.000 SERIES 2488 CLASS SO 6,580 DUE 03/15/32 PRINCIPAL REDUCTN 12-15-02 027 O101iO3:06:50 001 VMS EFTA00196302 CLEARED THROUGH ITS YrisecLY OHP.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOr.r.t.tr Cot. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Cc* Mevolech Cantor North Broridon. New York 112013859 STEARNS FINANCIAL TRUST CO INC 8 r, STATEMENT PERIOD NOvernter 30.2002 THROUGH December 31.2002 Transaction Detail (continued) ACOCCIVT NUMBER TAXPAYER MASER On INVESTMENT ACTIVITY (continued) LAST STATEMENT November 29.2002 SETTLEMENT TRADE DATE DATE TRANSACT/0N DESORPTION SH180 CUSP OJABINT( pFrCE DEBIT AMOUNT GRECO P/FOCte: 12/16/02 PRINCIPAL FEDERAL HOME LOAN MTG CORP -240 SERIES 2488 CLASS SO 6.580 DUE 03.15132 PRINCIPAL REDUCTN 12-15-02 12/16/02 PRINCIPAL FEDERAL HOME LOAN MTG CORP 1,917,000 SERIES 2530 CLASS SE 5.980 DUE 02/15/32 PRINCIPAL REDUCTN 12-15-02 12/16/02 PRINCIPAL FEDERAL HOME LOAN MTG CORP -990 SERIES 2530 CLASS SE 5.980 DUE 02/15/32 PRINCIPAL REDUCTN 12-15-02 12/16/02 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI MI1 822.727 5.580 DUE 02/15/32 PRINCIPAL REDUCTN 12-15-02 TOTAL $-71.498.828.13 $71,498,828.13 INTEREST DATE DESORPTION CAJANNTY RATE I%) DEBIT AMOUNT CREDIT AMOUNT 12/02/02 AVG BAL 58,609R T 5.658 313.20 021 OFFICE INTEREST 1102 12/16/02 FEDERAL HOME LOAN MTG CORP 1.0000 54,886.15 tr4g iS 1-1311).02 12/16/02 FEDERAL HOME LOAN MTG CORP 5.5800 255,834.70 SL BEIWOM INTEREST PAYMENT 1I 80 5 -15-02 027 01,01,03:00:69 001 P639 EFTA00196303 CLEARED THROUGH ITS wilekLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 GOrP Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Dec Metsolech CarrIN North Beccidon. New Ye* 11201.3859 STEARNS FINANCIAL TRUST CO INC 9 vi STATEMENT PER100 November 30.2002 THROUGH December 31.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER NUMBER CO File INTEREST (continued) LAST STATEMENT November 29.2002 DATE OESCRVTION STMEICUCUSJP CAMARITY RATE IM DEBIT AMOUNT CREDO AMOUNT 1016/02 FEDERAL HOME LOAN MTG CORP 6.5800 261218.15 INTElora: b ean 12/16/02 FEDERAL HOME LOAN MTG CORP 5.9800 278.50060 1-21T-02 12/16/02 FEDERAL HOME LOAN FATS CORP MIK 5.5800 114.101.47 BEIMME ASS ,580 INTEREST PAYMENT 12-15-02 1031/02 AVG BAL 54,42ORT 29.32 021 OFFICE INTEREST 1202 TOTAL 8964.882.99 MISCELLANEOUS DATE won TRANSACTCN DESCOPDON CCM AmOutif CREPT AMOUNT 12/10/02 JOURNAL NOV02 CLEARING FEES 1,400.00 12/11/02 JOURNAL FITM TO FITG 46.00 12/11/02 JOURNAL FNMA-30YR(FNMA)GTD 37,890.62 SETT.12/02 5.500 DUE 12/01/32 MBS NET 12/11102 12/12/02 JOURNAL FNMA-30YR(FNMA)GTD 42.968.75 SEW.I 2/02 6.000 DUE 12/01/31 MBS NET 12/12/02 12/13/02 JOURNAL 1.233.03 12/13/02 JOURNAL 34.000.00 FIT1A PPEM 027 01.01,0340:69 001 VE:39 EFTA00196304 CLEARED THROUGH ITS ?mem.? 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns S0C.r.t.t1 CRP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 0-4 Meesetech CarrIN North Beccidon. New Ye* 11201 3959 STEARNS FINANCIAL TRUST CO INC 10 STATEMENT PERIOD NOverntet 30.2002 THROUGH December 31.2002 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER MAWR On FIN MISCELLANEOUS (continued) LAST STATEMENT November 29.2002 DATE MOAT IRN4SACTON DESCRIPTOR DEBIT AMOUNT CRECIT AMOUNT 12/17/02 RECEIVED ADP CD 3,540,000.00 DUE 12/31/2049 8,625 8,625 It7a MEENti X613.03 ,557,000.00 DUE 12/31/2049 8,625 12/17/02 DELIVERED ADP CD 473.97 DUE 12/31/2049 8,625 8,625 DU 12/17/02 DELIVERED ADP CD 3.540.000.00 DUE 12/31/2049 8,625 8,625 FITM.PR 12117/02 DELIVERED ADP CD 3.540.000.00 DUE 12/31/2049 8,625 8,625 1218,02 JOURNAL FEDERAL HOME LOAN MTG CORP 21522.64 SERIES 2471 CLASS VT I .000 DUE 03/15/32 PSI TRFR TOTAL $-8.136.336.62 57.182.198.39 027 01.171,03:04:69 001 Vt39 EFTA00196305 CLEARED THRWGH ITS witekLY OtM.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Stows S0C.r.hti GOP Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 0-4 Mem:Icon Centec North Becck/on. New To* 11201.3859 STEARNS FINANCIAL TRUST CO INC STATEMENT PERKO NOYEPTINN 30.2002 THROUGH December 31.2002 ACCCUNT NUMBER Trades Executed Pending Settlement TAXPAYER WIPER On File LAST STATEMENT NONVilter 29.2002 SETREMENT TRADE DATE DATE 7RANSICT1ON DESORPTION STVEKILCUSE QUANTITY mice DEBIT AMOUNT OREM AMOUNT 01/14/03 12/04/02 BOUGHT FNMA-30YAWNMAJG1D 10.000.000.00 100.0937 10.009.375.00 S577.01;03 DUE WHO I/2033 05.500% REF # BS TOTAL $10.009.375.00 The alma, nibs 63 not *pear in any other section oF ihe staiernent. End of Statement 027 01.01D3:08:69 001 VI139 EFTA00196306 CLEARED THROUGH ITS smievls, OnnE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szelyns SOCuvbel GOrP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York. Nell York 10179 Ore Morolcch Center NOM Brock/l1. New Yuk 11201.3859 STEARNS FINANCIAL TRUST CO INC STATEMENT PERIOD OCtOter 26.2002 ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE wmv.bearsteams.cem THROUGH Noventer 29.2002 ACCOUNT NUMBER What's In This Statement III I llt l 111111 II TAXPAYER MAWR On File EAST STATEMENT ember 25.2002 Financial Summary 3 FINANCIAL TRUST CO INC 4 C.I0 JEFFREY EPSTEIN Your Portfolio Holdings 6100 RED HOOK QUARTER Transaction Detail 6 STE 63 Trades Not Yet Settled 11 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURMES THIS PERM* 7,421,941 Cash 8 Equwalent 1 13376 LONG ACCRUED INTEREST 449,808 Fixed alla§7.421.941 NET CREDIT BALANCE 13,776 Income ... ...... ........ ------ ------- $7 803 210 la Current market value NET EQUITY THIS PERIOD $7.885,525 Last statements market value NET EOUITY LAST STATEMENT 7.987,189 CHANGE SINCE LAST STATEMENT -101,664 'leis cafe* ,dudes one or MOW WOGS MUM'S Tut are not retorted ...Me Taal Vale of Stashes and we Het Emery leis Pseud There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. ImYsTRTY fa nfOrmetmnel pscpsses coly It Is not derided natal domes St On lees statecnore should be Maned for your records See wenn Wa for inporlart nrainatce 027 11,3002:14:25 001 VE38 EFTA00196307 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.letsolech Cantot North Broeklln• New Volt 11201.3859 FINANCIAL TRUST CO INC 2 el 12 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 11,3002:14:25 001 V638 EFTA00196308 CLEARED THROUGH niCkLY O"EO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 Got. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 OtoMetsolech Center North Beccidon. New Tuft 11201.3859 STEARNS FINANCIAL TRUST CO INC 3 v. .2 STATEMENT PERK* October 26.2002 THROUGH Noventer 29.2002 ACCCUNIT NUMBER Cash Flow Analysis Income Summary TAXPAYER WEBER On File 714S PERIOD YEAR TO DATE HIS PERIOD LAST STATEMENT October 25.2002 Opening Balance Govt. Agency Int. 573.293.59 1.838.334.77 Credit Balance Int. 113.64 693.02 Securities Sold 71,571,875.00 Total $573,407.23 $1,839.027.79 Dividendsllnterest 573,407.23 Miscellaneous 32,826,889.93 Bond Purchase Int. -183.214.02 -497.459.47 Amount Credited $104,972,172.16 Securities Bought -79,641,806.39 Portfolio Composition Dividendsllnterest Charged -183,214.02 CashCash Equivalent 13.776 Miscellaneous -25,133,376.00 Fired Income 7.421.941 Amount Debited $104,958,396.41 Total $7.435.717 Net Cash Activity 13,775/5 ClosingBalance $13,775/1 Your Portfolio Allocation Cash & Equw&eni . Cash Balance Summary <1% CPO. NG CLOSING Margin a 13.775.71 Net Cash Balance $13,775.71 1— reed Income 99% UnWooecl Frown deny* debt balance 'not, Orr male wive, The olocaInn percents-0 orFsed kern to obsol.te market mks, of 1pJ pal•on 027 I130,02:14:25 031 V638 EFTA00196309 CLEARED THROUGH ITS niCkLY OW,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SON, 14,1 Cap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 0-4 Mem:tech CarrIN North Beccidon. New Yak 11201.3859 STEARNS FINANCIAL TRUST CO INC 4 vi !rt STATEMENT PER100 October 26.2002 THROUGH November 29.2002 Your Portfolio Holdings ACCOUNT NUMBER TAXPAYER AVUSER On File CASH & CASH EQUIVALENTS LAST STATEMENT COIOtei 25.2002 htkaxET ESTIMATED CURPEAIT DESORPTION SYMBOLCUSIP DUMMY PRICE N‘01O1L SCONE YIELD 1%) CASH BALANCE 13.776 TOTAL CASH & CASH EQUIVALENTS 513.776 FIXED INCOME Government & Agency Obligations ACCT ACCRUED ESTRUM:, OURREM DESORPTION SW/eClCUSP TYPE OUAHTITY PRICE IAARXET VALLE MEREST ANNUAL INCOME YELD 119 FEDERAL HOME LOAN MTG CORP MRGN 60.000.000 Unpriced 129,966 3.342,000 SERIES 2530 CLASS SE INTEREST FROM DATE 11/15/02 DATED DATE 10/11/02 FIST COUPON 12/15/2002 BOOK ENTRY ONLY DUE 02/15/2032 5.570% FACTOR — 1.00000000 FEDERAL HOME LOAN MTG CORP MRGN 25.737.174 Unpriced 53.248 1.369.218 SERIES 2526 CLASS SI INTEREST FROM DATE 11/15/02 DATED DATE 10/01/02 FIST COUPON 12/15/2002 BOOK ENTRY ONLY DUE 02/15/2032 5.320% FACTOR — 1.00000000 FEDERAL HOME LOAN MTG CORP MRGN 65.139,320 3.3013 2.150.428 25,331 651.393 30.2913 SERIES 2471 CLASS YT DATED DATE 06/07/02 BOOK ENTRY ONLY DUE 03/15/2032 1.000% FACTOR — .94090540 027 114002:14:25 001 VIISS EFTA00196310 CLEARED THROUGH ITS niCkLY CAM,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SOC,M*1 COO. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ore Mevolech Center North BecdOon. New Ye* I I2DI.38S9 STEARNS FINANCIAL TRUST CO INC 5 I !2 STATEMENT PER100 October 26.2002 THROUGH Novernter 29.2002 Your Portfolio Holdings (continued) ACCCUNT NUMBER TAXPAYER AVO3ER On File LAST STATEMENT OCIObef 25.2002 Government & Agency Obligations (continued) ACCT ACCRUED ESTEMIED CURRDIT DESCRSTON S1M3OLOJSP TYPE wean PRICE IAARKET VALUE MEREST ANNUAL INCOME YELD IM FEDERAL HOME LOAN MTG CORP MRGN 47,359,665 UnprIced 121,890 3.134.263 SERIES 2488 CLASS SO DATED DATE 07/08/02 BOOK ENTRY ONLY DUE 03/15/2032 6.618% FACTOR - .94719330 FEDERAL HOME LOAN MTG CORP MRGN 54.638.781 9.6479 5.271.513 119.373 3.069.607 58.2301 SERIES 2483 CL SL DATED DATE 07/02/02 BOOK ENTRY ONLY DUE 03/15/2032 5.618% FACTOR — .94719330 Total Government& Agency Obligations $7,421,941 $449,808 $11,566,481 TOTAL FIXED INCOME $7,421,941 $449,808 $11,566,481 YOUR TOTAL ACCRUED INTEREST $449.808 YOUR TOTAL ESTIMATED ANNUAL INCOME $11.566.481 YOUR PRICED PORTFOLIOHOLDINGS $7,435,717 027 I 1,3002:14:25 031 '638 EFTA00196311 CLEARED THROUGH ITS OHnE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BHP SZeirns S0C.,44.1 GOP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Metsclech Contet North Braidon. New Ye* I 1201.3659 STEARNS FINANCIAL TRUST CO INC 6 STATEMENT PERK* October 26.2002 THROUGH November 29.2002 Transaction Detail ACCOUNT NUMBER TAXPAYER TOMER OR Fite INVESTMENT ACTIVITY LAST STATEMENT October 25.2002 SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION SYTABOUVUSIP GUMMY ProcE DEED AMOUNT CHEM MONO 11/14/02 10/09/02 BOUGHT FNMA-30YR(FNMA)GTO 51494582 25,000,000 102.65625 25,664,062.50 SETT,11102 BS 11/14 Afr t,Awar§g M -30`f ift ) Gib dgeria2 5.000.000 1 .96 75 5.7 2.1 7. SETTJ1.02 06,000% a BS AS OF 11107/02 TO C10. PREVIOUS SELL 11/14/02 10/09/02 CANCEL BUY FNMA-30YR(FNMA) GTD 5N94582 -25000.000 102.65625 25,664,062.50 SETT, 11102 06,000% REF # BS AS OF TO CXL PREVIOUS BUY 11/14/02 11/07/02 SOLD FNMA-30YR(FNMA)GM 5N94582 -25.000.000 102.96875 25,742,187.50 SETT,11102 OUE 11 /l01 m. 06,000% 11/14/02 11/05/02 BOUGHT rim FNMA-30YR(FNMA)GTD BS 10.000.000 100.40625 10,040,625.00 SETT, 11102 11/14/02 11/07/02 CANCEL SELL FNMA-30YR(FNMA)G1D 10.000.000 101.25000 10.125.000.00 SETT, 11102 05,500% EF # BS AS OF I TO C. PREVIOUS SELL 02/ 11100•02:14:25 091 v&38 EFTA00196312 CLEARED THROUGH ITS witekLY CAM.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. SZeirns SOC.A.M.1 GOTP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York. New York 10179 Ore Mem:tech MAIN North Beccidon. New VC* 11201.38M STEARNS FINANCIAL TRUST CO INC 7 CI STATEMENT PERIOD °Clete 26.2002 THROUGH November 29.2002 Transaction Detail (continued) ACCCUAT NUMBER TAXPAYER MJIMER OR Fite INVESTMENT ACTIVITY (continued) LAST STATEMENT October 25.2002 SETTLEMENT TRADE DA" DATE -RANSACIVN DESCRIPTION SHIRO CUSP TP.CE DEBIT AMOUNT CREPT AMOUNT 11,14 ,02 11/05,02 CANCEL BUY FNMA-30YR(FNMA)GID -10.000.000 100.40625 10,040,625.00 SETT:n/42 05.500% REF # BS AS OF ru To cm. PREVIOUS BUY 11/14/02 11/07/02 SOLD FNMA-30YR(FNMA)GTD -10.000.000 101.25000 10,125,000.00 SErt11102 2 05.500', BS 11/15/02 PRINCIPAL FEDERAL HOME LOAN MTG CORP -2.639.000 SERIES 2471 CLASS YE 1,000 DUE 03/(6+32 PRINCIPAL REDUCTN 11-15-02 11/15/02 PRINCIPAL FEDERAL HOME LOAN MTG CORP -915 SERIES 2471 CLASS YE 1,000 DUE 03/I 5(32 PRINCIPAL REDUCTN II -IS-02 11:15)02 PRINCIPAL FEDERAL HOME LOAN MTG CORP -1.589.000 SERIES 2483 CL SL 5,618 DUE Mit 5(32 PRINCIPAL REDUCTN 11-15-02 11/15/02 PRINCIPAL FEDERAL HOME LOAN MTG CORP -347 SERIES 2483 CL SL 5,618 DUE 03/I 5(32 PRINCIPAL REDUCTN 11-15-02 11/15/02 PRINCIPAL FEDERAL HOME LOAN MTG CORP -1.377.000 SERIES 2488 CLASS SO 6,6 l 8 DUE 03/M2 PRINCIPAL REDUCTN 11-15-02 11/15/02 RWRIPAL ?WEAL HoMET641 kifdtdAls .610 SERIES 2488 CLASS SO 6,618 DUE 932 PRINCIPAL REDUCTN 11-15-02 02/ It 30D2.14:25 091 TEM EFTA00196313 CLEARED THROUGH ITS vmOUv OHARO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZea'n5 SOCV•thti GOO. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 CC* Mosolech CarrIN NOM etCCk/01. New VC* I I2DI.3SS9 STEARNS FINANCIAL TRUST CO INC 8 c/ !rt STATEMENT PERK* October 26.2002 THROUGH November 29.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER WIPER On File INVESTMENT ACTIVITY (continued) LAST STATEMENT OCICON 25.2002 SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION SYMBOL:CUSP OVANTITY PMCE DEBIT AMOUNT CHEM MONO 11/29/02 11/13/02 BOUGHT FEDERAL HOME LOAN MTG CORP 10.000,000 9.56250 956,250.00 SERIES 2530 CLASS SE ACCR. INT. 21.661.11 05.570% REF # BS AS OF 11+1 11/29/02 11/13/02 BOUGHT FEDERAL HOME LOAN MTG CORP 50.000.000 9.56250 4.781.250.00 SERIES 2530 CLASS SE ACCR. INT. 108.305.56 05.570% REF # 83 AS OF I 11/29/02 11/05/02 BOUGHT FEDERAL HOME LOAN MTG CORP 25.737.174 9.06250 2,332,431.39 SERIES 2526 CLASS SI ACCR. INT. 53.247.35 05.320% REF # BS AS OF + TOTAL $.79.825.020A1 $71.571.875.00 INTEREST DATE DESORPTION OUMMT! RATE IY4 DENT AMOUNT CREDIT AMOUNT 10/28/02 AVG BAL 157.735RT 1.080 113.64 021 OFRCE INTEREST 1002 11/15/02 FEDERAL HOME LOAN MTG CORP 1.0000 77.829.12 11'-15-02 11/15/02 FEDERAL HOME LOAN MTG CORP 5.6180 243.655.22 SL &MOM 18 INTEREST PAYMENT 151%615-02 027 I L3OO214:25 031 V638 EFTA00196314 CLEARED THROUGH n0 ?AIM? 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC,r44,1 CRP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Dec Mem:tech Cantec North BredCon. New Ye* 11201.3859 STEARNS FINANCIAL TRUST CO INC 9 STATEMENT PERK* October 26.2002 THROUGH November 29.2002 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER PANDER On Fite INTEREST (continued) LAST STATEMENT CCIODet 25.2002 DATE DESCRIPTION SYMECIAUSIP °VOMIT, RATE DEBIT AMOUNT CREPT AMOUNT 11/15/02 FEDERAL HOME LOAN MG CORP 6.6180 251,809.25 SHIES 2488 CLASS SO MOW& 16f,1?-02 TOTAL $573,407.23 MISCELLANEOUS DATE MODAY TRANSACT:CIA DESCRIPTOR DEBIT AMOUNT CFECIT Nate 10/29/02 RECEIVED ADP CD 9.400.000.00 DUE 12/31/2049 8.625 8.625 10/29/02 RECEIVED ADP CD 11.400.000.00 DUE 12/31/2049 8.625 8,625 DUE 12/31/49 10129/02 DELIVERED eADP CD 432.50 DUE 12O1/2049 8.625 8,625 10/29/02 DELIVERED ADP CD 872.78 DUE 12O1/2049 8,625 8.625 61261M btuvtArb tato 22.419.00 DUE 12/31/2049 8,625 07/ II 3::•0214:25 O01 1:1,113 EFTA00196315 CLEARED 1HRWGH niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC‘,44,1 Dap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Mevolech Cella North Beccidon. New Year 11201.3859 STEARNS FINANCIAL TRUST CO INC 10 CI 12 STATEMENT PERIOD October 26.2002 THROUGH November 29.2002 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER NUMBER OR Fiie MISCELLANEOUS (continued) LAST STATEMENT OCIObei 25. 2002 DATE 1000AT TRANSACTCN DESCRIPTION DEBIT AMOUNT MAT AMOUNT 10/29/02 DELIVERED ADP CD 1,000,000.00 DUE 12+31/2049 8.625 8.625 taire 15EuVEArb DUE 12+31/2049 8.625 10/29/02 DELIVERED ADP CD 9.400.000.00 DUE 12+31,20.19 8.625 8.625 DUE 12 31 49 10/29/02 DELIVERED eADP CD 9.400.000.00 DUE 12+31:2049 8.625 8.625 FiTM.P11 11/12/02 JOURNAL OCT 2OO2CLEAR FEES 250.00 11/14/02 JOURNAL FNMA-3OYR(FNMA)GTD 78.125.00 SETT.111O2 6.000 DUE 11/01/32 MBS NET 11/14102 11/14/02 JOURNAL FNMA-3OYR(FNMA)GTD 8.4.375.00 SETT.11+O2 5.500 DUE 11/01/32 MBS NET 11/14102 1/1irM JodginAL 332.126.00 11/1 J6 61AL Mink goit'LZAITIXtotte 2.860.45 SERIES 2471 PASS 17 1.000 DUE O311S/32 PSI TRNFR 11/19/02 JOURNAL PREM.PRN. ADJ. 427.000.00 027 11,30,02:14:25 001 V638 EFTA00196316 CLEARED THROUGH ITS ovisertLY OHOE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beef. Szea•ns Soc.r.t.ti Cory. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 CeoLlevoiech Center North Beccioon. New Toth 11201.3859 STEARNS FINANCIAL TRUST CO INC STATEMENT PER100 October 26.2002 THROUGH November 29.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER WESER On Fite MISCELLANEOUS (continued) LAST STATEMENT OCIObei 25.2002 DATE ISCIVAY Trauma:0i DESCRIPTION DEW AMOUNT CREco Amin 11/19/02 JOURNAL PREM.INT. ADJ. 7,457.50 11/29/02 RECEIVED ADP CD 3.574.000.00 CUE 12+31/2049 8.625 8,625 11,29)02 DgLIVEIRgb 3.347.70 DUE 12/31/2049 8,625 11/29/02 DELIVERED ADP CD 11.827.000.00 DUE 12+31/2049 8,625 8,625 OU + TOTAL $.25.133376.00 632.826.889.93 Trades Executed Pending Settlement scm.Eucto TRADE DATE DATE TPAUSACDON DESCP.PlION SYMBOLCUST1 OJANTIT. CF DEBT MACUP11 12/12/02 11/07/02 BOUGHT FNMA-30YR(FNMA)GTD 25.000.000.00 102.6250 25.656.250.00 SETT.12/02 DUE 12+01x2031 06,000% REF n BS 021 I T30•02:14:25 091 V618 EFTA00196317 CLEARED THROUGH ITS wisCo.Y 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Sea•ns Seca•eil GOO. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Dec Meesetech Center North Seccidon. New VC* 1120/3859 STEARNS FINANCIAL TRUST CO INC 12 STATEMENT PERIOD October 26.2002 THROUGH November 29.2002 ACCOUNT NUMBER Trades Executed Pending Settlement (continued) TAXPAYER NUMBER On Fite LAST STATEMENT October 25.2002 SETNAMENT TRADE DATE DATE TRANSACTION XSCP.PTiON SYMBOLCUSP GUMMY PRCE DEMI AMOUNT CREW MOM 12/12/02 11/14/02 SOLD FNMA-30YRiENNIA) CID -25.000,000.00 102.7968 25,699,218.75 SETT:12,02 DUE 12101,2031 06,000% REF # es 1012/02 11/07/02 BOUGHT FNMA-30YR(FNMA) GTD 10,000,000.00 100.9062 10,090,625.00 SETTO 002 DUE 1001/2032 05,500% REF # es TOTAL 535,746,875.00 525,699,218.75 The ate noes et not appear In ony DIME seam or ihu Ronne End of Statement 027 11.2002:14:25 001 VS3tt EFTA00196318 CLEARED THROUGH I1S rinseLLY 0WLE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Steams SOMME* Corp. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York. NEW York 10179 Cam Moroisch Center HORN etCCk/01. Gee VC* 11201.38$9 STEARNS FINANCIAL TRUST CO INC STATEMENT PERM° Septette 28.2002 ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE www.bearstearns.com THROUGH Cotter 25.2002 ACCGUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER KAMER On File LAST STATEMENT September 27.2002 Financial Summary 3 FINANCIAL TRUST CO INC 4 C.I0 JEFFREY EPSTEIN Your Portfolio Holdings 6100 RED HOOK QUARTER Transaction Detail 5 STE 63 Trades Not Yet Settled 9 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURMES THIS PERIOD* 7,803,210 Cash 8 Equwalem " 467 LONG ACCRUED INTEREST 183,979 Fixed j 57.803.210 Income 18.000.901 NET EQUITY TIES PERIOD $7,987,189 IIIII Current market value NET EQUITY LAST STATEMENT 8,248,273 Last statements market value CHANGE SINCE LAST STATEMENT -261,084 •ThIS pefttak, MeludOS CM or more tomcod socumos net aro Mt Wrecks, n to Total Ylita, 01 Secorbes ad lee HO Ewe/ This PeAmt There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. SIK TNT “OnniPi for papas wry k as a lar dommerr Tres statecrwre should be retaneo for your records Sea revers* ode for mmerlem recemaran 027 162602:10:07 001 Y837 EFTA00196319 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.letsolech Cantot North Broeklln• New Ye* 11201.3859 FINANCIAL TRUST CO INC 2 or $ STATEMENT BACKER IS PRINTED ON THIS PAGE 027 102602:10:07 001 V637 EFTA00196320 CLEARED 1HRWGH ITS vmOUv 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SON, I*1 COrP Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New Yolk 10179 OtoLlevalech Conte North BecciOon. New Veit 11201.3859 STEARNS FINANCIAL TRUST CO INC 3 01 STATEMENT PERIOO Septeoter 28.2002 THROUGH Octeeer 25.2002 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER AVUSER On Ale DC PERIOD YEAR TO DATE THIS PEFICO LAST STATEMENT SeplecTitet 27.2002 Opening Balance $15.467.44 Govt. Agency Int. 579,850.46 1.265.041.18 Credit Balance Int. 411.86 579.38 Secudties Sold 25,484,375.00 Total $580,262.32 $1,265,620.56 Dividends Interest 580,262.32 Miscellaneous 1,475,379.20 Bond Purchase Int. -314,245.45 Amount Credited $27,540,016.52 Securities Bought -25,484,375.00 Portfolio Composition Funds Withdrawn -71.010.00 Srf3T LONG Miscellaneous -2,000.099.00 Fixed Income 7,803,210 Amount Debited $-27,555,484.00 Total $7,803,210 Net Cash Activity -15.467.48 ClosingBalance Your Portfolio Allocation • Cash Balance Summary ()FEN NO CLOSING Margin 15.467.44 Net Cash Balance $15.467.44 S Fixed Income- 100% Un•JvoeS croons emcee oar Deena oat, sno•I male aye, The olocam ;event'', Is Pa•aed ken Va obsol.te market robe 01 >es palloo 027 M260200:07 001 VE37 EFTA00196321 CLEARED THRWGH ITS niCkLY OHNEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SONAMI Cory. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Cc* Mevolech CarrIN North Beccicron. New Yak 11201.3859 STEARNS FINANCIAL TRUST CO INC 4 STATEMENT PEF000 Septeoter 28.2002 THROUGH October 25.2002 Your Portfolio Holdings ACCCUNT NUMBER TAXPAYER MAUSER On PIM CASH & CASH EQUIVALENTS LAST STATEMENT SepleffitHI 27.2002 IMPXCT ESIIMAIED CUAPENT of:stk.:non S, ANICL 0./StP aUINTITY PACE VALUE NWJAL flltOl.E VELO IN/ CASH BALANCE TOTAL CASH & CASH EQUIVALENTS FIXED INCOME Government & Agency Obligations ACCT ACCRUED ESTRIATE0 CURFOR DESCRIPTION sitdecLcusvi TYPE OUANTIN PRICE MARKET VALLE !INFEST ANNUAL INCOME YEW 119 FEDERAL HOME LOAN MTG CORP MRGN 67.779.235 3.3578 2.275.887 18,830 677,792 29.7814 SERIES 2471 CLASS YT DATED DATE 06/07/02 BOOK ENTRY ONLY DUE 03/15/2032 1.000% FACTOR — .96827480 FEDERAL HOME LOAN MTG CORP MRGN 48.737,275 Unpnced 83,935 3.021.711 SERIES 2488 CLASS SO DATED DATE 07/08/02 BOOK ENTRY ONLY DUE 03/15/2032 6,200% FACTOR — .97474550 FEDERAL HOME LOAN MTG CORP MRGN 56,228,128 9.8302 5,527,323 81,214 2,923,863 52.8984 SERIES 2483 CL SL DATED DATE 07/02/02 BOOK ENTRY ONLY DUE 03/15/2032 5.200% FACTOR — .97474550 Total Government& Agency Obligations $7.803.210 $183.979 $6.623.366 TOTAL FIXED INCOME $7.803.210 $183.979 $6.623.366 027 102602:10:07 001 V637 EFTA00196322 CLEARED THRWGH ITS 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC,,44,1 COO. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Cc* Mevolech Cant“ North Beccidon. New Ye* 11201.3859 STEARNS FINANCIAL TRUST CO INC 5 c/ STATEMENT PERK* SMNEYTIDSI 28.2002 THROUGH Octoter 25.2002 ACCCUNT NUMBER TAXPAYER WESER On PIM LAST STATEMENT SeiNefftet 27.2002 Your Portfolio Holdings (continued) YOUR TOTAL ACCRUED INTEREST $183.979 YOUR TOTAL ESTIMATED ANNUAL INCOME 66.623.366 YOUR PRICEDPORTFOLIOHOLDINGS $7.803.210 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSACTION DEscA MON SIMEIOCLISP O:Alin pRCE D_RT 41/Cu/0 MCAT AMOUNT 10/15/02 09/04/02 BOUGHT FNMA-30YR(ENMA) GlD 25.000.000 101.93750 25.484.375.00 SETT.I 0 02 06.000 BS 10/15/02 09/04/02 CANCEL BUY FNMA-30YRIFNMAIGTD -25.000.000 101.93750 25.484.375.00 SEMI042 E1 06,000% ft BS AS CF 09/04/02 TO GEL PREVIOUS BUY 10/15/02 PRINCIPAL FEDERAL HOME LOAN MTG CORP .1.402.000 SERIES 2471 CLASS YT 1800 DUE 03.1932 PRINCIPAL REDUCTN 10.15-02 027 10,2602:10:07 001 VE37 EFTA00196323 CLEARED THROUGH ITS 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns S0N, t4,1 COO. BEAR Bear. Steams & Co. Inc. Ore Mon:tech Contet North 383 Madison Avenue Beano. New Ye* 11201.3819 STEARNS New York New York 10179 FINANCIAL TRUST CO INC 6 O1 STATEMENT PERK* September 28.2002 THROUGH October 25.2002 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER KINSER On He INVESTMENT ACTIVITY (continued) LAST STATEMENT September 27.2002 SETTLEMENT TRADE DATE DATE TRANSACT/ON DESCRIPTION STIAXIMUSIP OJMDIK PRICE DEBIT AMOUNT CREOT ATI1Octer 10/15/02 PRINCIPAL FEDERAL HOME LOAN MTG CORP -726 SERIES 2471 CLASS YE 1,000 DUE 03/I 5/32 PRINCIPAL REDUCTN 10.15-02 10/15/02 PRINCIPAL FEDERAL HOME LOAN MTG CORP -844.507 SERIES 2483 CL SL 5,176 DUE 03/I 5/32 PRINCIPAL REDUCTN 10.15-02 10/15/02 PRINCIPAL FEDERAL HOME LOAN MTG CORP -732.000 SERIES 2488 CLASS SO 6,176 DUE 03/1932 PRINCIPAL REDUCTN 10.15-02 10/16/02 JOURNAL FEDERAL HOME LOAN MTG CORP 3.432.534 SERIES 2471 CLASS Y7 1,000 DU FITM RP TERM TERM T 10116102 JOURNAL FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT Miff -29,048,244 1,000 DU FITM RP OPEN REPO AGREEMENT TOTAL 8-25.484.375.00 $25.484.375.00 DEPOSITS AND WITHDRAWALS DATE TRAA/SACTIN DESORPTION CEBIT AMOUNT CREDIT AMOUNT 10/03/02 FND WIRED WIRED TO 71.010.00 027 M26,0200:07 001 I637 EFTA00196324 CLEARED THRWGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC.,44.1 COO. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Cr.* Metselech Centec North Beccidon. Nev. Ye* I I201.3SS9 STEARNS FINANCIAL TRUST CO INC 7 STATEMENT PERKI0 Sepleffitet 28.2002 THROUGH Octocer 25.2002 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER MASER On FIk INTEREST LAST STATEMENT Septette! 27.2002 DATE DESORPTION STMEIWCUSIP DUMMY RATE IY4 DEBIT AMOUNT caEDIT AMOUNT 09/30/02 AVG BAL 144,447RT 3.666 411.86 021 OFFICE INTEREST 0902 10/15/02 FEDERAL HOME LOAN MI6 CORP 1.0000 78,998.06 EntAidoes )1.000 INTEREST PAYMENT 1d-15-02 ntiEAALHMEY/Wrigo A 5.1760 4 . 14.67 SERIES 2483 CL SL WrigeffiliENT 1V1756-02 10/15/02 FEDERAL HOME LOAN MI6 CORP SEBES 2488 CLASS SO NMI 6.1760 254,637.73 liageRNIENT 111-11756-02 TOTAL $580,262.32 MISCELLANEOUS DATE mon TRANSACTCN DESCRIPTION DEW AMOUNT CREW MADUNT 10/04/02 JOURNAL FITG TO FITM 1,527.00 10/07/02 RECEIVED 1,000,000.00 10/07/02 DELIVERED ADP CD 894.48 DUE 12/31/2049 8.625 8.625 027 10260200:07 001 V637 EFTA00196325 CLEARED THRWGH ITS niCkLY 1n.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns S0N, t4,1 CRP Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Cc* Metsolech Centec North Becci0on. New Ye* 11201'38S9 STEARNS FINANCIAL TRUST CO INC 8 ol STATEMENT PERIOD September 28.2002 THROUGH Octoter 25.2002 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER WEBER On PIM MISCELLANEOUS (continued) LAST STATEMENT SepleiTtet 27.2002 DATE AKtOAT TRANSACTOR DESCRIPTOR DEBIT AMOUNT CREW MOM 10/07/02 DELIVERED ADP CD 1,190,000.00 DUE 12431/2049 8,625 8,625 orteir& §EPt cdtalatrud trK§ 50.00 loriet& J6LANAL AIM tiro 49.00 16/1si& JOAN/xi MINW:56ArfEe115 278.520.31 SETT,1O02 6,000 DUE 10/01/32 MBS NET 10/15402 10/16/02 JOURNAL FEDERAL HOME LOAN MTG CORP 2.903.41 SERIES 2471 CLASS VT 1,000 DUE 03/15132 PSI TRNFR 10/18, 02 RECEIVED ADP CD 1,000,000.00 DUE 12431/2049 8,625 8,625 DUE 12431/49 1021/02 JOURNAL FITG TO FITM 1.734.00 TOTAL 52.000.099.00 $1.475.379.20 027 102602:10:07 001 V637 EFTA00196326 CLEARED THRWGH ITS YiHWY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet Stows Soc.v.ker COO. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ore Mevolech Cantet North Beano. New To* I I 20I .3859 STEARNS FINANCIAL TRUST CO INC 9 c.1 STATEMENT PERK* SepWitte 28.2002 THROUGH Octoter 25.2002 ACCOUNT NUMBER Trades Executed Pending Settlement TAXPAYER KUMMER OR File LAST STATEMENT September 27,2002 SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION STIADOI:CUSP OVAARITY meta DEBIT AMOUNT MEM AMOUNT 11/14/02 10/09/02 BOUGHT FNMA-30Y9(FNMA) GM 5N94582 25,000,000.00 102.6562 25.664.062.50 SETT,11.92 OUE 11)01,2032 06.000% REF # BS TOTAL S25.664.062.50 The alma, Pubs 63 not xpoae in wry Mho/ soctIon or ihd Salomon'. End of Statement 027 102602:10:07 001 V637 EFTA00196327 CLEARED THROUGH ITS witekLY OUT.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szers SOUribtl CONS Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York. New York 10179 Cr4 Mevolech Center North Besciort Hew Toot 11201.1859 STEARNS FINANCIAL TRUST CO INC STATEMENT PERIOD August 31.2002 ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSRE wvnv.bearstearns.com THROUGH Septenter 27.2002 ACCCUNT NUMBER What's In This Statement II TAXPAYER MAGER On File LAST STATEMENT August 30.2002 Financial Summary 3 FINANCIAL TRUST CO INC CIO JEFFREY EPSTEIN Your Portfolio Holdings 4 6100 RED HOOK QUARTER Transaction Detail 5 STE B3 Trades Not Yet Settled 9 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash 8 Equvralent $15.467 TOTAL VALUE OF SECURITIES THIS PERIOD* 8.000.901 $116.153 LONG ACCRUED INTEREST 231.905 $8.000.901 Fixed NET CREDIT BALANCE 15,467 Incomer2.857 Current market value NET EQUITY THIS PERIOD $8,248,273 El Lest statement's market value NET EOUITY LAST STATEMENT 3,531,317 CHANGE SINCE LAST STATEMENT 4,716,957 'Tin arta* ..dudes one or MOrt, tams& mambos Pa are not retested n fte Taal Vann of Smarms and the Net Carry TMs Pead There are no 'Stop Loss' orders or other pending buy or sell open orders on tile }Of your account. 11" summary for mfOnGThcAel purposes erEy a N rct Wended as a law damned 11n staternore should be Maned for your records Se. warn Se fa marten alormaeon 027 05280112ht4 001 12836 EFTA00196328 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saee•ns SON, t4,1 COO. Ceol.letsolech Centot North Broeklln• New Ye* 11201.3859 FINANCIAL TRUST CO INC 2 or $ STATEMENT BACKER IS PRINTED ON THIS PAGE 027 082802:12:44 001 VE36 EFTA00196329 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 Oat. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 OtoMetsolech Contec North Beccidon. New VC* 11201.3859 STEARNS FINANCIAL TRUST CO INC 3 O STATEMENT PERK* August 31.2002 THROUGH Seplemter 27.2002 ACCCUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER On File TIC PERIOD YEAR TO DATE THIS PERICO LAST STATEMENT August 30.2002 Opening Balance $116,152.92 Govt. Agency Int. 604,811.55 685.190.72 Credit Balance Int. 119.34 167.52 Securities Sold 76,139,231.57 Total $604.930.89 $685.358.24 Dividends/Interest 893,355.55 Miscellaneous 518,584.04 Bond Purchase Int. -20,194.00 -314.245.45 Amount Credited $77,551,171.16 Securities Bought -76,128,187.98 Portfolio Composition Dividends/Interest Charged -308.618.66 CashCash Equivalent 15.467 Miscellaneous -1,215.050.00 Fired Income 8.000.901 Amount Debited $-77,651.856.64 Total $8,016.368 Net Cash Activity -100.685.48 ClosingBalance $15.467.44 Your Portfolio Allocation Cash 8 Equivalent — Cash Balance Summary <I% I% OPEN kG CLOSING Margin 116.152.92 15.467.44 Net Cash Balance $116,152.92 $15.467.44 Fixed Income 99% Untivoecl proons deny* debt beano, 'not, Or, ma*, vela, The elocabcn percents-0 clrwl from Ve Mnol.te (req.! ,waive of lw palbn 027 082802:12:A4 001 VESC EFTA00196330 CLEARED THRWGH ITS wilekLY OHnE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet Saea•ns SOC,M*1 GOO. BEAR Bear. Stearns & Co. Inc. CeoLlevolech CarrIN North 383 Madison Avenue &Wort New Ye* 11201.3859 STEARNS New York New York 10179 FINANCIAL TRUST CO INC 4 c/1 STATEMENT PERKIO August 31.2002 THROUGH Sepleinter 27.2002 Your Portfolio Holdings ACCCUNT NUMBER TAXPAYER WESER On File CASH & CASH EQUIVALENTS LAST STATEMENT August 30.2002 IMPXEt ESTIMATED [LAPIN( oTscRRnou S01110. 0./SIP aUINTITY PAU VALUE NWJAL IntWE VELD 1%) CASH BALANCE 15.467 TOTAL CASH & CASH EQUIVALENTS $15,467 FIXED INCOME Government & Agency Obligations ACC" ACCRUED ESTRIA1E0 (MEOW DESORPTION SHMCLCUSP TYPE OUMORY PFICE SET VALLE INTEFEST ANNUAL INCOME YEW 09 FEDERAL HOME LOAN MTG CORP MRGN 94.797.671 2.9713 2.816.686 31.598 947,977 33.6558 SERIES 2471 CLASS YT DATED DATE 06/07/02 BOOK ENTRY ONLY DUE 03/1 0% FACTOR FEDERAL HOME LOAN MTG CORP MINE MRGN 49.469,275 Unpnced 101.840 3.055.222 SERIES 2488 CLASS SO DATED DATE 07/08/02 BOOK ENTRY ONLY DUE 03/15+76% FACTOR FEDERAL HOME LOAN MTG CORP MRGN 57,072.635 9.0835 5.184.215 98,467 2.954.080 56.9822 SERIES 2483 CL SL DATED DATE 07/02/02 BOOK ENTRY ONLY DUE 03/15/2032 5,176% FACTOR 1,00000000 Total Government& Agency Obligations $8.000.901 $231.905 $6.957.279 TOTAL FIXED INCOME $8.000.901 $231.905 $6.957.279 027 OS2602:12:44 001 VE3G EFTA00196331 CLEARED THRWGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC,,44,1 GO,P. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 CeoLlevalech Cant“ North BecciOon. New Ye* 11201.3859 STEARNS FINANCIAL TRUST CO INC 5 01 STATEMENT PERK* August 31.2002 THROUGH Seplernter 27.2002 ACCCUNT NUMBER TAXPAYER WESER Cfl File LAST STATEMENT August 30.2002 Your Portfolio Holdings (continued) YOUR TOTAL ACCRUED INTEREST $231,905 YOUR TOTAL ESTIMATED ANNUAL INCOME $6,957,279 YOUR PRICED PORTFOLIOHOLDINGS $8.016.368 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSACTION DEsex PTIO`I SYMBO.CusP ckAmire PACE DEER AMOUNT CREPT AMOUR 09/13/02 07/19/02 BOUGHT FNMA )610 25,000.000 100.29688 25,074,218.75 SETT.09 02 06.000‘, BS 09/13/02 07/19/02 CANCEL BUY FNMA-30YR(FNMA) GTD -25,000.000 100.29688 25.074.218.75 SETT,09.112 E 1 # BS AS CF 07 1902 TO CKL PREVIOUS BUY 027 09,2802:12:44 001 VE3G EFTA00196332 CLEARED THRWGH ITS niCkLY O"EO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szes•ns socv,ht, Cap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Dec Mevolech Contof North Beccidon. New To* 11201.3859 STEARNS FINANCIAL TRUST CO INC 6 STATEMENT PERK* August 31.2002 THROUGH Seawater 27.2002 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER WESER On File INVESTMENT ACTIVITY (continued) LAST STATEMENT August 30, 2002 SETTLEMENT TRADE DATE DATE TRANSACT/ON DESCRIPTION 8O,O3Cv Cos" OVANTITY PRICE OM AMOUNT Mort MOUNT 09/16/02 07/19/02 BOUGHT FNMA-30YR(FNMA) GTD 25,000,000 100.29688 25,074,218.75 SETT.09102 BS 09/16/1:12 09/04/02 CANCEL SELL FNMA-30YRIFNMA) GTD 25.000.000 102.34766 25.586.914.07 SETT:2,9/02 06.000% # BS AS OF TO C)0. PREVIOUS SELL 09/16/02 07/19/02 CANCEL BUY FNMA-30YRIFNMA) GTD -25.000.000 100.29688 25.074.218.75 ii DUEr 1/2032 SETT.09,62 06.000% BS AS OF 07/19812 TO CXL PREVIOUS BUY 09/16/02 09/04/02 SOLD FNMA-30YRIFNMA) GTD -25,000,000 102.34766 25,586,914.07 SETT.09,62 BS 09/16/02 PRINCIPAL FEDERAL HOME LOAN MTG CORP -1,017,000 SERIES 2471 CLASS YT 1.000 DUE 03/15/32 PRINCIPAL REDUCTN 09- I 5-02 09/16/02 PRINCIPAL FEDERAL HOME LOAN MTG CORP -22 SERIES 2471 CLASS YT 1.000 DUE 03/15/32 PRINCIPAL REDUCTN 09.15-02 09,16.'02 PRINCIPAL FEDERAL HOME LOAN MTG CORP -612.297 SERIES 2483 CL SL 5.161 DUE Oao S432 PRINCIPAL REDUCTN 09.15-02 027 OS28O2:12:44 001 EFTA00196333 CLEARED THROUGH ITS YrisekLY CAM.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet SZeirns SON, t4,1 Cap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Metsolech Cella North Beccidon. New VC* 11201.38S9 STEARNS FINANCIAL TRUST CO INC 7 vi STATEMENT PERK* August 31.2002 THROUGH Septernter 27.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER MASER On File INVESTMENT ACTIVITY (continued) LAST STATEMENT August 30, 2002 SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION STME/OUCUSP CANNTITT PEACE DEBIT AMOUNT CHEM MOM 09/16/02 PRINCIPAL FEDERAL HOME LOAN MTG CORP -530,725 SERIES 2488 CLASS SO 6.160 DUE 03/I 5/32 PRINCIPAL REDUCTN 09-I 5-02 09/25/02 09/20/02 BOUGHT FEDERAL HOME LOAN MTG CORP 5.048,500 7.78125 392,836.41 SERIES 2466 CLASS El ACCR. NT. 20.194.00 06.000% REF BS ACCRU 15TH 09/25/02 09/20/02 SOLD FEDERAL HOME LOAN MTG CORP SERIES 2466 CLASS El NMI -5,048,500 8.00000 ACCR. INT. 403.88000 20.194.00 E 1 2 06,000% REF N BS ACCRU 1 . 15TH TOTAL $-76,148.381S8 $76,159.425.57 INTEREST DATE DESORPTION STME/WOUSIP OVAARITY RATE I%) DEBIT AMOUNT CREW AMOUNT 09/03/02 AVG BAL 112,761RT 1.088 119.34 021 OFFICE INTEREST 0802 09/16/02 FEDERAL HOME LOAN MTG CORP 1.0000 79,845.58 BERMEOr s V000 INTEREST PAYMENT 05-15-02 09/16/02 FEDERAL HOME LOAN MTG CORP MEE 5.1610 288,424.66 SEBES 2483 CL SL RIMPRIVENT *1-11V-02 09116/02 FEDERAL HOME LOAN MTG CORP 6.1600 256,666.67 SEBES 2488 CLASS SO MOMENT 0V1T-02 027 OS2602:12:44 001 VS2B EFTA00196334 CLEARED THROUGH ITS lltiCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. S1e9•ns SOC,r44,1 Cory. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 0-41km:tech Centec North Beccidon. New Ye* I201.3SS9 STEARNS FINANCIAL TRUST CO INC 8 c/1 STATEMENT PERK* August 31.2002 THROUGH SeplecnCer 27.2002 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER NLAIMER DII File INTEREST (continued) LAST STATEMENT August 30.2002 DATE DESCRIPTION CUANillY RATE ISO DEBIT AVOW' MEDD AMOUNT 09/17/02 FEDERAL HOME LOAN MTG CORP 5.1760 288,424.66 SERIES 2483 CL SL REV giVieRVAY @Si! 18125 09/17/02 FEDERAL HOME LOAN MTG CORP 5.1760 248.105.30 SEBES 2483 CL SL REV tallene AY @ I S.T112S TOTAL $.288.424.66 $873.161.55 MISCELLANEOUS DATE MCOAT TRUSSACTei DESCASITON DEM AMOUNT CREW MOUNT 09/05/02 JOURNAL FEDERAL HOME LOAN MTG CORP 2.954.17 SERIES 2471 CLASS YT 1800 DUE 03/15/32 Pal TRANSFER 09/11/02 JOURNAL FITM TO FITG 25.000.00 09/12/02 JOURNAL AUG 02 CLEAR FEES 50.00 09/16/02 JOURNAL FNMA-30YR(FNMA)GTD 512.695.31 SETT89/02 6.000 DUE 09/01/32 TABS NET 09/16702 09/17/02 JOURNAL FEDERAL HOME LOAN MTG CORP 2834.56 SERIES 2471 CLASS YT 1800 DUE 03/15/32 PSI TRNFR 09/18/02 RECEIVED ADP CD 1,190,000.00 DUE 12/31/2049 8825 8825 DUE 12131/49 illia13178011 TOTAL $.1.215.05G00 8518.584.04 027 OS2602:12:44 001 VS36 EFTA00196335 CLEARED IHRWOH ITS CAM‘.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. Saee•ns S0NAt.t1 Cot. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 CAN Mevolech Centet North Seccidon. New To* I1201.38S9 STEARNS FINANCIAL TRUST CO INC 9 c.1 STATEMENT PERK* August 31.2002 THROUGH Septernter 27.2002 ACCOUNT NUMBER Trades Executed Pending Settlement TAXPAYER NJUSER On He LAST STATEMENT August 30.2002 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPTKIN STMEIOLCUSP OVAARITV PRICE DEBIT AMOUNT MEM AMOUNT 10/15/02 09/04/02 BOUGHT FNMA-30YFICFNMAJOID 25.000.000.00 101.9375 25.484.375.00 SETE10/02 DUE 10/01/2032 06.000% REF # BS TOTAL $25.484.375.00 The alma, Peon 63 not *pear in erg other section el IBC statement. End of Statement 027 0,128.02:12:44 001 EFTA00196336 CLEARED THROUGH ITS witeLLY CAMLE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BON. Steams Sedishel Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York. New York 10179 Cy* Mcvolech Centm North Beccioin. New Tea 11201.3859 STEARNS FINANCIAL TRUST CO INC STATEMENT PERK* Jul/ 27.2002 ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE wvAv.bearstearns.cOm THROUGH August 30.2002 ACCOUNT NUMBER What's In This Statement 1111,111111111111 II TAXPAYER NUMBER On File LAST STATEMENT Jul/ 26.2002 Financial Summary 3 FINANCIAL TRUST CO INC C/O JEFFREY EPSTEIN Your Portfolio Holdings 4 6100 RED HOOK QUARTER Transaction Detail 5 STE B3 Trades Not Yet Settled 9 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash 8 Equwalent 116.153 TOTAL VALUE OF SECURMES THIS PERIOD• 3,122,857 $241.409 LONG ACCRUED INTEREST 292,307 Ned 63.122.857 NET CREDIT BALANCE 116,153 Income Current market value NET EQUITY MIS PERIOD $3,531,317 NH Last statements market value NET EOUITY LAST STATEMENT 241,409 CHANGE SINCE LAST STATEMENT 3,289,908 17.is pa** includes one or mom wormed maybes lout we Oct nom I to Total VAN° of Sow** ass ma Na Eciuty This Poitxt There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. TM Pang is for TIOTIMAcHal *noses ally I Is (DX derided *alai doosnent Tres ststecrwrC should be for your records See revers* Se for Tripodal stemaCces 027 0631.02:12:57 001 V566 EFTA00196337 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.letsolech Cantot North Broeklln• New Ye* 11201.3859 FINANCIAL TRUST CO INC 2 or $ STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0&3102:12:51001 Y586 EFTA00196338 CLEARED 1HRWGH ?AIM? 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeirns Sec.r.i.er Core. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 OtoMetsolech Center North Beccidon. New Tuft 11201.3859 STEARNS FINANCIAL TRUST CO INC 3 v.1 STATEMENT PERK* Jut' 27.2002 THROUGH August 30.2002 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER On File PERICO YEAR TO DATE THIS PEFICO LAST STATEMENT July 26.2002 Opening Balance $241,409.36 Govt. Agency Int. 80.379.17 80,379.17 Credit Balance Int. 48.18 48.18 Dividends Interest 80,427.35 Total $80,427.35 $80.427.35 Miscellaneous 110,150,262.74 Bond Purchase Int. -294.051.45 -294.051A5 Amount Credited $110,230,690.09 Securities Bought -15,313,595.08 Dividends Interest Charged -294.051.45 Portfolio Composition Miscellaneous -94.748.300.00 Cash,Cash Equivalent 116,153 Amount Debited $110 355 946.53 Fixed Income 3.122,857 Net Cash Activity -125.256.44 Total $3,239,010 ClosingBalance $116,152.92 Your Portfolio Allocation Cash Balance Summary OGEt. AO CLOSING Cash 8, Equivalent • 3% Margin 241.409.36 116,152.92 Net Cash Balance $241.409.36 $116,152.92 — Fixed Income 97% Un WOOS P0,00, 5 eon,µ. Oar WON,' antcr Ihrl male vela, Tha elorahr ;events-0 Oe•Fsed Iron to otwol.te market rat), PI >vv yolk, * 02/ 0931,02:12:57 001 V566 EFTA00196339 CLEARED THROUGH ITS 2/HWY OHY.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZYWns S00,4*1 C003 Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Dec Metsclech 0990 North 8/00008. New Tcex 11201.3859 STEARNS FINANCIAL TRUST CO INC 4 s, STATEMENT PERK* Julj 27. 2002 THROUGH August 30.2002 Your Portfolio Holdings ACCCYJNI NUMBER CASH & CASH EQUIVALENTS TAXPAYER MAI3ER Ql File LAST STATEMENT Jug 26. 2002 MARKET ESTIMATED CURRENT DESORPTION SYMBOL CuSIP QUANTITY PRICE VALUE AMU& INCOME YELD liv4 CASH BALANCE 116.153 TOTAL CASH & CASH EQUIVALENTS $116,153 FIXED INCOME Government & Agency Obligations ACCT ACCRUED ESTIAMEO CURTIN,' DESORPTION SWOWCuSP TYPE DUMMY PFICE MARKET VALUE MEREST ANNUAL INCOME YEW 11,4 FEDERAL HOME LOAN MTG CORP MRGN 95.814.693 3.2593 3.122.857 39,926 958,147 30.6817 SERIES 2471 CLASS YT DATED DATE 06/07/02 BOOK ENTRY ONLY DUE 03/15/2032 1.000% FACTOR 1.00000000 FEDERAL HOME LOAN MTG CORP MRGN 57.684.932 Unpriced 124.046 2.977.119 SERIES 2483 CL SL INTEREST FROM DATE 08/15/02 DATED DATE 07/02/02 RRST COUPON 09/1$2002 BOOK ENTRY ONLY DUE 03/15/2032 5.161% FACTOR 1.00000000 FEDERAL HOME LOAN MTG CORP MRGN 50,000.000 Unpriced 128.335 3.080.000 SERIES 2488 CLASS SO INTEREST FROM DATE 011/15/02 DATED DATE 07/08/02 FIRST COUPON 09/15/2002 BOOK ENTRY ONLY DUE 08/15/2032 6.160% FACTOR 1.00000000 Total Government& Agency Obligations $3,122.857 $292,307 $7,015.266 TOTAL FIXED INCOME $3,122.857 $292,307 $7,015.266 027 01531,02:1237 031 YLEG EFTA00196340 CLEARED THRWGH ITS V/liCkLY CHME0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns S08,4*1 GOP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ore Monton Canto North Beccioon. New re* 11201.3859 STEARNS FINANCIAL TRUST CO INC 5 o STATEMENT PER100 Julj 27. 2002 THROUGH August 30.2002 ACCOUNT NUMBER TAXPAYER AVUMER OH FIM Your Portfolio Holdings (continued) LAST STATEMENT Jul/ 26.2002 YOUR TOTAL ACCRUED INTEREST $292.307 YOUR TOTAL ESTIMATED ANNUAL INCOME $7,015,266 YOUR PRICEDPORTFOLIOHOLDINGS $3.239.009 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSACTION OESCREMON STMEICIECUSP OvANnm PRCE DEED AMOUNT CREDIT AMOUNT 07/30/02 07/19/02 BOUGHT FEDERAL HOME LOAN MTG CORP 100.000,000 3.46875 3,468,750.00 SERIES 2471 CLASS YT ACCR. INT. 41,666.67 00.001% REF It BS AS OF 07/31/02 JOURNAL FEDERAL HOME LOAN MTG CORP 20.000.000 S 2471 CLASS YT .001 DUE ARCM Al REPO AGREEMENT oaitzto2 JOURNAL FEDERAL HOME LOAN MTG CORP 20,000.000 SERIES 2471 CLASS VT 1,000 DU FITMARGN A2 TERM REPO NT 027 08.31,02:12:S7 031 Vf.,66 EFTA00196341 BLEARED THRaIGH nS »sew, OunED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZ8A•ns CaO. Bear. Stearns & Co. Inc. BffiR 383 Madison Avenue New York New York 10179 Cr.* Meveleen Conte< North Beeciam. New Yuk 11201.3859 STffiRNS FINANCIAL TRUST CO INC 6 T. .7 STATEMENT PERM Jul, 27.2002 THROUGH August 30.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER malBER On File INVESTMENT ACTIVITY (continued) LAST STATEMENT July 26.2002 SETTLEMENT TRADE DATE DATE TRANSAGDON DESORPTION STME$0 Cusp OVANTITY PRICE DEBT AMOUNT CREPT AMOra 08/12/02 JOURNAL FEDERAL HOME LOAN MTG CORP -3.545,000 SERIES 2471 CLASS Y7 1.000 DUE FITMARGN Al REPO AGREEMENT WilZt3)i rratik 1-15Mei:641MtniAls 640.307 SERIES 2471 CLASS Y7 1.000 DUE 03/15/32 PRINCIPAL REDUCTN 08-29-02 Ca+30/02 08/07/02 BOUGHT FEDERAL HOME LOAN MTG CORP 57,684.932 9.53125 5,498,095.08 SERIES 2483 CL SI. ACCR. NT. 124,051.45 05.161% REF # BS AS Of 08130/02 08/02/02 BOUGHT FEDERAL HOME LOAN MTG CORP 50.000.000 12.69350 6,346,750.00 SERIES 2488 CLASS SO ACCR. NT. 128,333.33 08.180% BS AS OF 08/02/02 TOTAL 8.15.607.646.53 INTEREST DATE DESORPTION STMECUGUSIP OUNVnlY RATE N DEBIT AMOUNT CREDIT AMOUNT 07/29/02 AVG BAL 235,581RT 1.052 48.18 021 OFFICE INTEREST 0702 08/29/02 FEDERAL HOME LOAN MTG CORP 1.0000 80.379.17 SERES 2471 CLASS YT IMII5MEN 0.PY TOTAL $80.427.35 027 08.31,02:12:57 091 V£6 EFTA00196342 CLEARED 1HRWGH ITS 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet. SZeirhs S0C,r44,1 Cap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue Ore Mevolech Contec North Beccidon. New VC* 11201.3859 STEARNS New YY New York 10179 FINANCIAL TRUST CO INC 7 O STATEMENT PERK* Jul/ 27. 2002 THROUGH August 30.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMBER On File MISCELLANEOUS LAST STATEMENT JuPt 26.2002 DATE MOAT TRANSACTOI osscnivilON DEBIT AMOUNT CREW AMOUNT 07/30/02 RECEIVED ADP CD 21,168,000.00 DUE 12+31/2049 8,625 8,625 6t7 is 15EuVEArb DUE 12+31/2049 8,625 07/30/02 DELIVERED ADP CD 24.769.345.91 DUE 12+312049 8,625 R 12 31 49 O8/02/02 JOURNAL FITM-PR INT ADJ 2.932.13 O8/07/02 JOURNAL JULY 2002CLEARING FEES 300.00 08/08/02 RECEIVED ADP CD 21.168.000.00 DUE 12+31/2049 8,625 8,625 DUE 12+31/49 F1433128010 ovowo2 RECEIVED ADP CD 21.506.000.00 DUE 12+3'2049 8,625 8,625 08/08/02 DELIVERED ADP CD 7.567.56 DUE 12 312049 8,625 8.625 Cu TFA.P 021 0&31,02:12:57 001 V566 EFTA00196343 CLEARED THROUGH ns vngsly OHNE° SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeinn SOC.,444 GOO. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue Ore Mevolech Contof North &woo. New Yak I1201.3269 STEARNS New YY New York 10179 FINANCIAL TRUST CO INC 8 STATEMENT PERIOD Jut/ 27. 2002 THROUGH August 30.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER WESER On File MISCELLANEOUS (continued) LAST STATEMENT Jut/ 26.2002 DATE 1.1DOAT TRANSACTCN DESCRIPTION DEBIT AMOUNT MAT AACUNT 08/08/02 DELIVERED ADP CD 21,168,000.00 DUE 12/31/2049 025 8,625 64.61.4 rituvnItb MOM DUE 12+31/2049 8.625 08127/02 RECEIVED ADP CD 21,506,000.00 DUE 12+31+2049 8.625 8.625 DU 08.97/02 DELIVERED ADP CD 15.956.26 DUE 12+31/2049 8.625 8.625 FiTM.PR 08/27/02 DELIVERED ADP CD 21.506.000.00 DUE 12+31/2049 8.625 8.625 08/30/02 RECEIVED ADP CD 9,400,000.00 DUE 12+31/2049 8.625 8.625 08/30/02 DELIVERED ADP CD 2628.51 DUE 12+31/2049 8.625 8.625 027 02/3142:12:67 001 YSES EFTA00196344 CLEARED TNROOOH nS wHOLLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. SZeirns S0N, t4,1 GNP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ore Metselech Center Nor0r Beccidon. New VC* 11201.3859 STEARNS FINANCIAL TRUST CO INC 9 s.1 STATEMENT PERI00 Jul/ 27. 2002 THROUGH August 30.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER KAMER Cfl FIk MISCELLANEOUS (continued) LAST STATEMENT Jug 26.2002 DATE MOAT TRANSACTCN DESCRIPTION DEBT AKIN, CREPT MOUNT 08/30/02 DELIVERED ADP CD 21,506,000.00 DUE 12131/2049 8,625 FILM 8,625 TOTAL $-94.748.300.00 8110.150.262.74 Trades Executed Pending Settlement SETTLEMENT TRADE DATE DATE TRANSACTOR cf SCR PTION 0180. CUSP PACE DEBIT AMOUNT CRE0O AMOUNT 09/13/02 07/19/02 BOUGHT FNMA-30YR( ENMA) G1D 25.000.000.00 100.2968 25.074.218.75 SETT.09,02 DUE 09042032 06.000,4 REF # BS 09/13/02 07/19/02 CANCEL BUY FNMA-3OYR(FNMA) GTD 25,000,000.00 100.2968 25,074,218.75 SETT,09/O2 DUE 09/01/2032 06.000% REF # BS AS OF 07119/02 09/16/02 07/19/02 BOUGHT FNMA-3OYR(FNMA) GTD SETT,091O2 MIS 25.000.000.00 100.2968 25.074.218.75 DUE 09/01/2032 06.000% REF # 85 AS CF 07/19/02 TOTAL $50.148.437.50 $25.074.218.75 The. Scree CO Mg %Peal m wry ptl C.ban 01 Una Iralrnert 027 0.1e3g0212:67 001 Y588 EFTA00196345 CLEARED THROUGH ITS svisCALY CAMEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szywos 608/1981 Corp. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York. New York 10179 Cr4 Mem:Icon Cantu North &Wort New Year 11201.1859 STEARNS FINANCIAL TRUST CO INC STATEMENT PERK* June 29.2002 ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSRE wenv.bearsteams.com THROUGH Jul/ 26.2002 ACCCUNT NUMBER What's In This Statement llllllllullli'III II TAXPAYER MASER On File LAST STATEMENT Financial Summary 3 FINANCIAL TRUST CO INC CAD JEFFREY EPSTEIN Your Portfolio Holdings 3 6100 RED HOOK QUARTER Transaction Detail 4 STE 63 Trades Not Yet Settled 5 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash & Equivalent A • 5241.409 NET CREDIT BALANCE 241,409 NET EQUITY THIS PERIOD $241,409 Current market value gEn Last statements market value NET EQUITY LAST STATEMENT CHANGE SINCE LAST STATEMENT 241.409 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Tin ELETTTurils fol nformannal pnoses only I Is rat simitlod as &on. 12ss staternsrd should be Maa.d for your records Set wend TAU for mortars nfoinatce 027 022202:16:57 001 V565 EFTA00196346 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 00,8 Ceol.letsolech Cantot North Broeklln• New Ye* 11201.3859 FINANCIAL TRUST CO INC 2 oi s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 07427.02:16:57 001 V%5 EFTA00196347 CLEARED THROUGH ITS ?AIM? 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet. Saea•ns SOC,M*1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ore Mevolech Conte HMO Beccidon. New To* 11201.3859 STEARNS FINANCIAL TRUST CO INC 3 STATEMENT PERKIO June 29.2002 THROUGH Jul, 26.2002 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER AMBER On File THIS PENCO OPE,1% CLOSNG LAST STATEMENT Opening Balance Margin • 241.409.36 Miscellaneous 74.792.101.18 Net Cash Balance =I $241.409.36 Amount Credited $74.792.101.18 Miscellaneous -74.550.691.82 Amount Debited $-74 550 691.82 Portfolio Composition CashtCash Equivalent 241,409 Net Cash Activity 241.409.36 Total $241.409 Closing Balance $241.409.36 Your Portfolio Holdings Your Portfolio Allocation CASH & CASH EQUIVALENTS MAASS ESTIMATED CURRENT DESCRIPTION S1MBOUCUSIP QUANTITY MICE VALUE MNUIL PICO& TED I'M CASH BALANCE 241,409 TOTAL CASH & CASH EQUIVALENTS $241.409 YOUR PRICED PORTFOLIOHOLDINGS $241,409 Cash & 100% Unt.adecl potions denote debt blonde *nee Or, mane vendee he elms", ;event'', to dewed ken, to ebsol.te market rat), 01 yes patio" 027 07,27.02:16:57 001 V565 EFTA00196348 CLEARED THROUGH ns vngxlv °ME° SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Mevolech Contec North Beccidon. New Ye* 11201.3859 STEARNS FINANCIAL TRUST CO INC 4 v, STATEMENT PERIOD June 29.2002 THROUGH Jul/ 26.2002 Transaction Detail ACCOUNT NUMBER TAXPAYER WESER On File MISCELLANEOUS LAST STATEMENT DATE MO'DAY TRANSACTCN DESCRIPTOR DEW AMOUNT CPEOIT ANIOcNT 07/12/02 JOURNAL 021-52128 J,EPSTBN 25.000.000.00 07/16/02 JOURNAL FITM -PR ADJ /1/0 7/12 25,000,000.00 MESE"""NEVA 24.778.5413% DUE 12/31,2049 8,625 07/22/02 DELIVERED ADP CD 9.777.78 DUE 12/31/2049 8,625 8,625 07/22/02 DELIVERED 25.000.000.00 07/26/02 JOURNAL PREM 7/25 2378.13 07/26/02 RECEIVED ADP CD 24.769245.91 DUE 12/31/2049 8.625 8.625 07/26/02 DELIVERED ADP CD 977.49 DUE 12/31/2049 8.625 8.625 DUE 12/31/49 07/26/02 DELIVERED e ADP CD 24.781.345.91 DUE 12/31,2049 8,625 8,625 DU r TM-PR TOTAL $-74,550,691.82 574.792.101.18 02/ 0727],n:1G:57 001 v%5 EFTA00196349 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeaws Sec.v.ker Cot. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Dec Metsolech Cantof NOM Bro:idon. New To* I I20I.3SS9 STEARNS FINANCIAL TRUST CO INC 5 c, STATEMENT PERIOD June 29.2002 THROUGH Jul/ 26. 2002 ACCOUNT NUMBER Trades Executed Pending Settlement TAXPAYER NUMBER On File LAST STATEMENT SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION SMOCK:CUSS' CAMMTITY PRICE DEED AMOUNT CRECcr PACUNT 07/30/02 07/19/02 100.000.000.00 3.4687 3,510,416.67 SERES 2471ClASS YT 09/13/02 07/19/02 BOUGHT FNMA-30YR(FNMA)GTO 25 000 000 00 100.2968 25,074,218.75 SETT,09,02 09/13/02 07/19/02 CANCEL BUY FNMA-30YR(FNMA) GM 25.000.000.00 100.2968 25,074,218.75 SETT,08.02 09116/02 07/19/02 BOUGHT FNMA-30YR( FNMA) GTD 25 000 000 00 100.2968 25,074,218.75 MIT 09,02 TOTAL $53.658.854.17 $25.074.218.75 The abOVO woos et 0014:Pail m " cnw• :paw, al Inn Late End of Statement 027 072702:16:57 001 V565 EFTA00196350