EFTA00196477

Statements EFTA00196477 0 -EARED THROUGH its WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bee,. SIABmS SO•unlie1 fern. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York. Nell York 10179 Ono Movotech Center North Enteklgn. New Yen( 1120/3859 STEARNS FINANCIAL TRUST COMPANY INC STATEMENT PER100 December 1.2001 ACCOUNT EXECUTIVE ZICHERNIAN.IRA TELEPHONE THROUGH December 31.2001 VISIT OUR WEBSITE iVIA1 uearstearns.com *COMM NUMBER What's In This Statement 11111111111111111 II TAXPAYER NUMBER On File LAST STATEMENT November 30. 2001 Financial Summary 3 FINANCIAL TRUST COMPANY INC CIO AMERICAN YACHT HARBOR • Your Portfolio Holdings 4 6100 RED HOOK SUITE 8-3 Transaction Detail 5 QUARTERS #2 Fund Activity 7 ST THOMAS VI 00802 Your Messages 9 Your Portfolio at a Glance Market Value of Your Portfolio Important Message II any information regarding Cash S Egwvalent x;cucc ccib, 26.677.2 37534.293 880 2001interest. dividends. TOTAL VALUE OF SECURITIES THIS PERIOD 29.406.395 miscellaneous income. NET CREDIT BALANCE 11.290 gross proceeds or original Equities -I MIR_ 'S $30.526.395 : 5.1.120.000 563.792.058 $-530.000 issue discount is required MONEY MARKET FUND BALANCE 37.523.003 lo be reported to the IRS for this account. a MI Current market value Consolidated Form 1099 NET EQUITY THIS PERIOD $66.940.688 mu Last statements market value will be mailed to you by C Short market value January 31.2002or 1042S NET EQUITY LAST STATEMENT 89.939.338 by March 15.2002. CHANGE SINCE LAST STATEMENT -22.998.650 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Memo rood ant Offoronoo a rcorocoirt of ctocks or sKKks. calcoKKI as doltrorod to p5u. aissu•norY a for netOMOOMI pwposes otitis rue INOrldid as a lit Oocrame b ClOol Sonic°. of 80061.14428: a vat to ChM SoNkos a Bow. Steam SKKuMos On it.twnn shoted be retaned for your records See reverse ode for eTpcdaet Sibmalkol Ono . One lAeholedi Cool.' North. BrooMm, NY 112014859 027 D1.010208:34 001 V519 EFTA00196478 CLEARED 'THROUGH nS WHOLLY OWNED SUBSIDIARY 1308i. SOMAS SOhnIORT CO( .0 Ono Llevotech Confer North Steck'tn. Hew York 11201.3859 FINANCIAL TRUST COMPANY INC 2 01 9 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 D1.0102:08:34 001 Y519 EFTA00196479 CLEARED 1HRWGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear. Szea•ns SON, b81 CPIS Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 CeoLlevolech Contof Noah Beccidon. New Tuft 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 3 al .r STATEMENT PERO) December 1.2001 THROUGH December 31.2001 ACCCUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER On Ale SAS PERIOD YEAR TO DATE THIS PEFICO LAST STATEMENT NOVerilbN 30. 2001 Opening Balance $3,002.139.76 Dividends 197.58093 1.286.480.16 Substitute Payment 0.00 76.725.66 Securities Sold 22,427,836.16 Credit Balance Int. 2.111.83 38.425.74 Money Fund 4,047,863.33 Total $199,692.76 $1.401.631.56 Dividends Interest 151.829.43 Miscellaneous 13,518,953.25 Foreign Tax Withheld 0.00 -150.00 Margin Int. Paid 0.00 -48,516.34 Amount Credited $40,146.482.17 Securities Bough! -18,289,468.42 Money Fund -17,847,863.33 Portfolio Composition Funds Withdrawn -6,000.000.00 SICAT LONG Miscellaneous -1.000.000.00 Cash,Cash Equivalent 37,534,293 Amount Debited $.43.137.331.75 Equities 1,120.000 30,526,395 Your Portfolio Net Cash Activity -2.990.849.58 Total $1,120,000 $68,060,688 Allocation Closing Balance $11290.18 Cash Balance Summary CLOSPIC, Equities OPEN NO 44% Cash 3,002,139.76 11.290.18 Cash & Equivalent 55% Net Cash Balance 83.002.139.76 $11.290.18 - Short Equities 1% Unitocie0 crown ono* oar Dana arnIbr shot male aye, Tho olorahr mama," is (*SS Iron Va obsol.te market rat), alms palloio. 027 01,0102:0B:34 001 V519 EFTA00196480 CLEARED THROUGH ITS OW,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC,r4.81 Cory. Bear. Stearns & Co. Inc. BUR 383 Madison Avenue New YY New York 10179 Ore Metsolech CarrIN Noah Beccidon. New Year 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 4 STATEMENT PERIOD December 1.2001 THROUGH December 31.2001 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER MISER 011FIle LAST STATEMENT NOveMbN 30. 2001 MARKET ESTIMATED CURPENT DESCROION SYMBOUDISIP OUANTITY PRICE VALUE ANNUAL INCOME 10.0 i%) CASH BALANCE 11,290 DREYFUS CASH MANAGEMENT-CL A DICCX 37,523,003.02 1.0000 37,523,003 863.029 2.3000 INSTITUTIONAL SHARES EST, 30 DAY AVG VIEW 2.1000% TOTAL CASH & CASH EQUIVALENTS $37,534,293 $863.029 EQUITIES Equities & Options ACC WINS ESTIMATED OJRAENT DESCRPRON WEIBOLTUSIP TIM OUANRTY PRCE VALLE ANNUAL INCOIAE YIELD IVI CNH GLOBAL CNH CASH 250,000 6.0900 1,522.500 138.000 9.0640 TOO INC TOO CASH 550,000 27.5000 15,125.000 CALL TOO INC JAN 025CBOE TOOAE CASH -3,000 2.6500 -795.000 ET 01/19/2002 CALL TOO INC FEB 025CBOE TOOBE CASH -500 3.3000 -165.000 ET 02/16/2002 CALL TOO INC FEB 030CBOE TOOBF CASH -2.000 0.8000 -160.000 ET 0'2116,2002 VECTOR GROUP LTD VGR CASH 374,294 32.8500 12.295.558 598,870 4.8706 SENTIGEN HOLDING CP RSTD CASH 333,334 43500 1.563.337 Total Equities& Options $29.406,395 $736,870 TOTAL EQUITIES $29.406,395 $736,870 027 DI0102:08:34 001 V519 EFTA00196481 CLEARED IHRCOGH ITS wiseklY ONnED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeIrns SOC, ,I*1 CND Bear. Stearns 8 Co. Inc. BffiR 383 Madison Avenue New York New York 10179 Cr.* Mon:Icon Conte< Noah Beecidp. New Yak 112014859 STffiRNS FINANCIAL TRUST COMPANY INC 5 STATEMENT PENN) December 1.2001 THROUGH December 31.2001 ACCCUNT NUMBER TAXPAYER AAMMER On File Nosenter 30.2001 Your Portfolio Holdings (continued) LAST STATEMENT YOUR TOTAL ESTIMATED ANNUAL INCOME $1.599.899 YOUR PRICED PORTFOLIO HOLDINGS $66.940.688 Transaction Detail INVESTMENT ACTIVITY sertmea TRADE DATE DATE TRANSACTIDN CESCRIPTHIN SYMBOL:CUSP GUANNT, PRICE DEE« AMOUNT CREPT A/cure 12/18/01 12/13/01 SOLD LADENBURG THALMANN FINL SVCS ITS -130.254 1.00370 127,993.75 NC AVG PRICE SHOWN-DETALS ON ÆO ACTUAL =FIRM TO YOUR AGENT UNSOUCITE0 12/18/01 JOURNAL TOO -1.000.000 12/20/01 12/17/01 BOUGHT AT&T CORP T 1.102.200 16.53360 18.289.468.42 UNSOUCITF_D 12/20/01 12/17/01 SOLD AT&T CORP T -1.102.200 16.53360 18,222,723.97 AS OF TRADE AS OF 12117/01 027 01,03.02:06:04 001 Vf..19 EFTA00196482 CLEARED IHRCOGH ITS ~GUY OWCO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZPA•ns COP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Cr.* Metsoleeh Conte< Noah Beeciam. New Yak 11201.0859 STD;RNS FINANCIAL TRUST COMPANY INC 6 STATEMENT PERIOD December 1.2001 THROUGH December 31.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER WEBER On file INVESTMENT ACTIVITY (continued) LAST STATEMENT November 30.2001 SCTTUIÆNT TRADE DATE DATE TRANSACT/ON DESCRIPTION SYMI3OUCUSIP GUANTITT PRCE DEW AMOUNT CREW ~UHT 1220/01 12/11/01 BOUGHT LADENBURG THALMANN FINL SVCS LTS 130254 eC SPINOFF ON VECTOR GROUP gm SHS SPINOFF VS V002114 REC 12/10101 PAY 12i20/01 AS OF 12/11/01 1220/01 DELIVERED ESTEE LAUDER COMPANIES INC EL -100,000 3.196.753.23 Cl. A DEL TO 00005 12/21/01 12/18/01 SOLD TELIGENT INC-CL A TGN70 -60,000 0.00550 152.48 12/21/01 12/20/01 SOLD CALL TOO INC JAN 025CBOE OTOOAE -2,500 2.35000 578,727.91 EXP 01119/2002 UNSOLICITED OPEN CONTRACT 12/21/01 JOURNAL TOO IN TOO 100.000 JRL FM PER INTXS 12/26/01 12/24/01 SOLD CALL TOO INC JAN 025CBOE OTOOAE -500 2.75000 135,742.91 EXP 01/1912002 UNSOUCITEID OPEN CONTRACT 12/26/01 12/24/01 SOLD CALL TOO INC FEB 025C80E OTOOBE -500 335000 165,741.91 EXP 02/16/2002 UNSOUCHED OPEN CONTRACT AS OF 12/24/01 12/26/01 JOURNAL TOO INC 100 50.000 JRL FM PER Nix S TOTAL $-18,289,468.42 $22,427,836.16 027 010002:0B:34 001 VS19 EFTA00196483 CLEARED THRWGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns S0N, bel GNP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Mon:tech Contec Noah BecciCon. New Ye* I I201.38S9 STEARNS FINANCIAL TRUST COMPANY INC 7 STATEMENT PERIOD December 1.2001 THROUGH December 31.2001 Transaction Detail (continued) ACCCUNIT NUMBER TAXPAYER WESER On PIM DEPOSITS AND WITHDRAWALS LAST STATEMENT NOYerntoN ao. 2007 D4'E TPANSACT Cf. DESCRP-ICH CEBIT AMOUNT CREDIT AMOUNT 100001 FND WIRED FNDS WIRED TO 2.000.000.00 1014/01 FND WIRED D TO 1.000.000.00 12 i3 *******MUNK) 1:11:1rWigittrY6 2.000.000.00 $ COMING FROM DREYFUS TODAY 1227/01 FND WIRED fl D TO 1.000.000.00 TOTAL $-6.000.000.00 MONEY FUND ACTIVITY DATE MORAY TRANSACTION DESCRIPTCPI SYMBOUCVSIP DUMMY PUCE DEBIT AMOUNT CREDIT AMOUNT 12/01/01 OPENINGBALANCE 23,675.139.69 MUM**************** 151ktYPire:NATUARMUADIrei A 151661Z 47.863.33 INSTITUTIONAL SHARES MONTHLY DIVIDEND ?HMI''""ilitilliVtgY bllitYRIMATATAIMIlfflret A Ned 47.863.33 47.863_33 INSTITUTIONAL SHARES DIVIDEND REINVESTED 12/05/01 BOUGHT DREYFUS CASH MANAGEMENT-CA. A DNDCX 11.400.000 1.0000 11.400.000.00 1014/01 SOLD DREYFUS CASH MANAGEMENT-CL A DICCX -1.000.000 1.0000 1.000.000.00 INSTITUTIONAL SHARES 12/19/01 SOLD RECtSThisMGEMENT-CL A D/CCX -2.000.000 1.0000 2.000.000.00 027 DID102:06:34 001 VSI9 EFTA00196484 CLEARED THROUGH ITS 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, bel GNP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue Dec Montech Contec Noah Beccidon. New Ye* 112013959 STEARNS New Y New York 10179 FINANCIAL TRUST COMPANY INC 8 STATEMENT Perim December 1.2001 THROUGH December 31.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AVEMER On PIM MONEY FUND ACTIVITY (continued) LAST STATEMENT NOYeMINN 30.2001 DATE ICIDAT TRINSAGTION DESCRIPTION SYMEWCUSIP OWNTITY PRICE Seen AMOUNT MON AMOUNT 12/20/01 BOUGHT RAN4kiasMIGEMENT-CLA DIOCX 3.400.000 1.0000 3.400.000.00 12/21/01 SOLD DREYFUS CASH MANAGEMENT-CL A DICCX -1.000.000 1.0000 1.000.000.00 INSTITUTIONAL SHARES 12/31/01 BOUGHT GEMENT-CL A DICCX 3.000.000 1.0000 3.000.000.00 RaCtRaSON 12/31/01 CLOSINGBALANCE 37.523.003.02 TOTAL $-17,847,863.33 $4.047.863.33 DIVIDENDS DATE DESCRIPTION STAIDOLCUSIP OUNNTRY RATE (s) CENT AMOUNT CREDIT AMOUNT 12/20/01 VECTOR GROUP LTD VGA 374,294 0.4000 149,717.60 AEC 12/10/01 PAY 12120101 TOTAL $149,717.60 INTEREST DATE DESORPTION STAIDOLCVSiP OUOMMT RATE IM DEBIT AMOUNT CREDIT AMOUNT 12/21/01 INTEREST ON CREDIT BALANCE 1.2500 28.64 AT 1 114% 12/11 THRU 12120 12/21/01 INTEREST ON CREDIT BALANCE 1.5000 2.083.19 AT 1 1/2% 11/19 THRU 12110 TOTAL $2.111.83 027 010102M:34 001 v!,19 EFTA00196485 CLEARED THROUGH ITS wilekLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns Sec , b81 Cory. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Cc* Mon:tech CarrIN Noah Beccidon. New Ye* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 9 ol STATEMENT PERIOD December 1.2001 THROUGH December 31.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER MAWR OR PIM MISCELLANEOUS LAST STATEMENT NOYerTitoN 30. 2001 DATE MOON TRANSACTCN DESCRIPTION DEBIT AMCWIT MAT Wail 12/04/01 JOURNAL COL REC LOA FROM 10,479,583.05 12121/01 JOURNAL TO 353-01417 1.000.000.00 12/24/01 CASH-LIEU LADENBURG THALMANN FINL SVCS 0.31 INC CASH Rd LEU OF .31200 VECTOR GROUP LTD REC 12/10/01 PAY 122001 SP1NCFF VS V002110 122601 JOURNAL BSIL-FINANCIAL TRUST CO., INC 3.039.369.89 NY16418 EQUITY SWAP DUE 01/23103 AT&T CORP DERIVATIVE SETTLEMENT TOTAL $S-1,000.000.00 $13,518.953.25 Your messages As part of the National Association of Securities Dealer's (NASD) Investor Education Program, you may obtain information on the NASD's Public Disclosure Program by contacting the NASD at telephone number (800) 289.9999 or via the intemet address which is www,nasdr,com, In addition, a brochure explaining the Public Disclosure Program is available from the NASD upon request, End of Statement 027 01.0102:06:34 001 V519 EFTA00196486 CLEARED IHRWOH ITS YiHMV OME0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Stea•as SON, t4,1 COO. BEAR Bear. Stearns & Inc. Cc* Mos oI ccII Gorda Noah 383 Madison Avenue etCCk/01. New VC* 11201.3859 STEARNS New York. New York 10179 FINANCIAL TRUST COMPANY INC STATEMENT PER100 Octoter 27.2001 ACCOUNT EXECUTIVE LICHERMAN.IRA TELEPHONE THROUGH November 30.2001 VISIT OUR WESSITE 67A1bearstearns.com ACCCUNT NUMBER What's In This Statement 11111111111111111 II TAAPREER NUMBER On File LAST STATEMENT OCIODer 26.2001 Financial Summary 3 FINANCIAL TRUST COMPANY INC 4 C/O AMERICAN YACHT HARBOR • Your Portfolio Holdings 6100 RED HOOK SUITE 6-3 Transaction Detail 5 QUARTERS #2 Fund Activity 7 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio 826.677.280 Cash & Equvalent TOTAL VALUE OF SECURMES THIS PERIOD 63,262,058 $28.224245 NET CREDIT BALANCE 3,002,140 863.792.058 $-530.000 Egon* $34.495.728 S-2.030.500 MONEY MARKET FUND BALANCE 23,675,140 Current market value NET EQUITY TIPS PERIOD $89,939,338 IM Last statements market value C Short market value NET EOUITY LAST STATEMENT 60,689,473 CHANGE SINCE LAST STATEMENT 29,249,865 There are no 'Stop loss' orders or other pending buy or sell open orders on tile for your account. Roza coon oaf Mapco a nonroctiot ol dude or stocks. 0:Wolof as &Orate to 'au. Thee emTnITY is for ml0TmetoMel peptises cmly. IN not Pleaded as a MT 000ATert lo Cleat Senior: of 800614.1428: a yeito to ChM SONIC.). a Bow. Steam &conies Ile staternorg should be ritane0 for mg records. Ste Erma S. f r irrocelart obrmatat Cap.. One lArOokwl, Coolly North. BrooN)w, NY. II2014,50 027 1201,01:10:4S 001 v513 EFTA00196487 CLEARED 1HROUGH ns wilekLY 0"E0 SUBSIDIARY Beer. SZeirns SBN•Ilkl Cap. Ceol.levalech Cantet Noah Brocklln• New VC* 11201.3859 FINANCIAL TRUST COMPANY INC 2 ale STATEMENT BACKER IS PRINTED ON THIS PAGE 027 1201.'01:10:44 001 V513 EFTA00196488 CLEARED THROUGH nS vnlOUv 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beef. Steams GNP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 0 -4 Mevolech Cola Noah etCd001. New VC* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 3 STATEMENT PERK* Water 27.2001 THROUGH Novernter 30.2001 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER WESER On Ale THIS PEFICO CeENN3 0.09/03 LAST STATEMENT OCICON 26.2001 Opening Balance $813,411.91 Cash 608.039.20 3,002,139.76 Securities Sold 3,325,883.81 Margin 205.372.71 0k0 Money Fund 3,864,306.54 Net Cash Balance $813.411.91 $3,002,139.76 Dividends/Interest 869.82 Amount Credited $7,191.060.17 Securities Bought -457.002.50 Income Summary 11-15 PERIOD YEAR 70 DATE Money Fund -64.306.54 Dividends 64,306.54 1.088.899.23 Funds Withdrawn -100.000.00 Substitute Payment 0.00 76,725.66 Dividends/Interest Charged -23.28 Credit Balance Int. 869.82 36,313.91 Miscellaneous -4.381.000.00 Total $65.176.36 $1,201.938.80 Amount Debited $-5.002.332.32 Foreign Tax Withheld 0.00 -150.00 Your Portfolio Net Cash Activity 2,188,727.85 Allocation Margin Int. Paid -23.28 -48,516.34 Closing Balance $3.002.139.76 Same Oaf toreros or cosh bemoan acccuri Rpm ato Mt toad:0 in the action. such ItallfierS. as won z dome lor al net monsters on wind. *pow in Tram-zilch Dotal. Portfolio Composition Cash 8 Equivalent 7 " s-kwi tote 29% CashiCash Equivalent 26.677,280 Equities 530.000 63.792,058 Short Equiti .cl% Total $530.000 $90,469,338 Equities 70% UnVywleci porno, nano* cat Deana oat, ;hal male yews Tho elorahr Pe ventaa is awed from Ve 00101.te market rat), (11 'CV PO, ISO" 027 120161:10:44 001 VSI3 EFTA00196489 CLEARED THROUGH ITS Putty, OHOE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BOP. Szeiros SOOrthel GOP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 CA* Mevolech Cantp Noah Beccioon. New Year 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 4 STATEMENT PERIOD October 27.2001 THROUGH Novernter 30.2001 Your Portfolio Holdings ACCCUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER MASSER On Pile LAST STATEMENT October 26.2001 MARKET ESIIIIATED CURRENT DESORPTION SYMBOUDISIP QUANTITY PRICE VALUE NAHUM INCOME YELO 1%) CASH BALANCE 3.002.140 DREYFUS CASH MANAGEMENT-CL A DICCX 23,675,139.69 1.0000 23.675.140 662.904 2.8000 INSTITUTIONAL SHARES EST, 30 DAY AVG VIEW 2.3800% TOTAL CASH & CASH EQUIVALENTS $26.677,280 $662,904 EQUITIES Equities & Options ACCT WKS ESTEEMED CURRENT DESORPTION SYMBOL/CUSIP TYPE imam PRICE VALUE ARKIN. INCOME Tan i%1 CNH GLOBAL M. CNH CASH 250.000 5.1900 1.297.500 138,000 10.6358 ESTEE LAUDER COMPANIES INC EL CASH 100.000 33.3700 3.337.000 20,000 0.5993 CL A TEUGENT INC-CL A TGNTO CASH 60.000 0.1000 6.000 TOO INC TOO CASH 1.400.000 29.3700 41.118.000 CALL TOO INC FEB 030060E TOOBF CASH -2,000 2.6500 -530.000 02n6i2002 VECTOR GROUP LTD VGR CASH 374,294 43.9500 16.450,221 598,870 3.6405 SENTIGEN HOLDING CP AVID CASH 333,334 4.7500 1.583.337 Total Equities& Options $63,262,058 $756,870 TOTAL EQUITIES $63,262,058 $756,870 027 1201f01:10:46 001 V513 EFTA00196490 CLEARED THROUGH ITS wilekLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC‘nbel GNP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Dec Mevolech CarrIN Noah BecciOon. New VC* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 5 STATEMENT PEF000 Octoter 27.2001 THROUGH Novernter 30.2001 ACCOUNT NUMBER TAXPAYER MAWR On PIM LAST STATEMENT OCIOON 26.2001 Your Portfolio Holdings (continued) YOUR TOTAL ESTIMATED ANNUAL INCOME $1,419.774 YOUR PRICEDPORTFOLIOHOLDINGS 389.939,337 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSACT/ON OESCRETION SYM3OUGUSP GUMMY PWGE DEW AMOUNT CREDIT AMOUNT 11/06/01 RECEIVED ESTEE LAUDER COMPANIES INC EL 100,000 3,181,000.00 CL A RECV FROM 00005 11/16/01 11/15/01 SOLD CALL TOO INC FEB 030CEIOE OTOOBF -2,000 1.65000 322.986.50 EXP 02/16/2002 UNSOLICITED OPEN CONTRACT 11/16/01 11/15/01 BOUGHT CALL TOO INC NOV025CBOE 8903339K5 2.000 2.25000 457.002.50 SIP I1117/2001 UNSOUCRED CLOSING CONTRACT 11/16/01 JOURNAL TOO INC TOO 1.000.000 FROM 047-30185 PER LOA 027 1201,01:10:48 001 V513 EFTA00196491 CLEARED THROUGH ITS 0%M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns S0C.r.t.el Cory. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ore Metsclech CarrIN Noah Beccidon. New VC* I1201.3859 STEARNS FINANCIAL TRUST COMPANY INC 6 c, STATEMENT PERO° October 27.2001 THROUGH No'enter 30.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER WESER On PIM INVESTMENT ACTIVITY (continued) LAST STATEMENT October 26.2001 SETILEIAENT TRADE DATE DATE TRANSACTOR DESORPTION STMIXECUSP °MINT( PRCE DEBIT AMOUNT CREPT AhPrOcter 11/19/01 JOURNAL CALL VECTOR GRP NOV28.625• • • • 92240M9K6 1,000 ADJ 5% STOCK DIVIDEND EXP 1 AE ASSIGNED 01459 11/21/01 11/19/01 SOLD VECTOR GROUP LTD VGR -105,000 28.62500 3.002.897.31 SEE " ON BACK 1000 ASSIGNED 11/28/01 JOURNAL CNH GLOBAL CNH 250,000 JOURNAL FROM TYPE 2 TO I 11/28/01 JOURNAL VECTOR GROUP LTD VGR 374,294 JOURNAL FROM PPE 2 TO I 11/28/01 JOURNAL CNH GLOBAL CNH -250,000 JOURNAL FROM TYPE 2 TO 1 11/28/01 JOURNAL VECTOR GROUP LTD VGR -374,294 JOURNAL FROM TYPE 2 TO I TOTAL 6.3.638.002.50 $3,325,883.81 DEPOSITS AND WITHDRAWALS DATE IRM4SACTIM DESORPTION CEBIT 0./OuNT CREDIT AMOUNT 11/29/01 FND WIRED WIRED TO 100.000.00 TOTAL $loo.coo.co 027 12.131f01:10:46 001 V513 EFTA00196492 CLEARED THROUGH ITS wilekLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC‘nbel Gap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Dec Meesetech Cella Noah BredOp. New Year 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 7 STATEMENT PERK* OCIOCEI 27.2001 THROUGH Noverncer 30.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AVUSER 011FIle MONEY FUND ACTIVITY LAST STATEMENT Octoter 26.2001 DATE MO'DAY TRANSt4ION DESCRIPTION SYMBOUCLISIP OUN4ITY PACE DEBIT AMOUNT CREDIT AMOUNT 10/27/01 OPENINGBALANCE 27,410,833.15 11/01/01 DIVIDEND RARLikaSMGEMENT-CA. A DICCX 64306.54 MONTHLY DIVIDEND 11/01/01 REINVEST DREYFUS CASH MANAGEMENT-CA. A DICCX 64.306.54 64,306.54 INSTITUTIONAL SHARES DIVIDEND REINVESTED 11/05/01 SOLD DREYFUS MANAGEMENT-CA. A DICCX -2A00.000 1.0000 2,400,000.00 INSTITUTIONAL CASH MAN 11/08/01 SOLD DREYFUS CASH MANAGEMENT-CL A DICCX -1.200.000 1.0000 1.200.000.00 11/19/01 SOLD IIIM ARES DREYFUS CASH MANAGEMENT-CL A DICCX -200.000 1.0000 200.000.00 11/30/01 CLOSINGBALANCE 23,675.139.69 TOTAL 5-64.306.54 $3.864 30 6.54 INTEREST DATE CESCRVTION STMDOUCVSIP CVAMm RATE DN DEBIT AMOUNT CREDIT AMOUNT 11/21/01 INTEREST ON CREDIT BALANCE 1.5000 13.50 AT I I/2% 1I/06 THRU 11/20 11/ 1/G1 )14YEAEgt (514 OlZ151Y &CARE .6666 AT 2.000% 10/21 THRU 11/05 11/21/01 FROM 11/06 THRU 11/20 ®23/4% 2.7500 23.28 BAL AVBM. 101.604 TOTAL 3-23.28 $869.82 027 1201101:10:44 001 Y513 EFTA00196493 CLEARED THROUGH ITS ?RIMY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC,r4M1 Gap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 0-4Mo:elect+ Cella Noah Beccidon. New Year 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 8 STATEMENT PERIOD OCIDIMI 27.2001 THROUGH Novernter 30.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER MAOER On PIM MISCELLANEOUS LAST STATEMENT October 26.2001 DATE LOMAT TRANSACTOR DESCRIPTOR DEBIT AMOUNT MDT MOW 11/05/01 JOURNAL JOURNAL FROM TYPE 2T01 205,372/1 11/05/01 JOURNAL JOURNAL FROM TYPE 2 TO 1 205,372.71 11/08/01 JOURNAL TO 102-25423 1.200.000.00 11/28/01 JOURNAL JOURNAL FROM TYPE 2 TO 1 3,002,874.03 11/28/01 JOURNAL JOURNAL FROM TYPE 2 TO 1 3,002,874.03 TOTAL $-4,408,246.74 $3,208,246.74 End of Statement 027 1241f01:10:46 001 V513 EFTA00196494 CLEARED THROUGH ITS witCkLY CAMEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beef. Steirnt. SON, I*1 Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ore Momtech Cantor Noah Betatron. New Tait 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC STATEMENT PERIOD September 29.2001 ACCOUNT EXECUTIVE ZICHERMAN,IRA TELEPHONE THROUGH October 26.2001 VISIT OUR WEBSITE emweearstearns.com ACCOUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER NJLI3ER On File LAST STATEMENT September 28.2001 Financial Summary 3 FINANCIAL TRUST COMPANY INC 4 CAD AMERICAN YACHT HARBOR • Your Portfolio Holdings 6100 RED HOOK SUITE 6-3 Transaction Detail 5 QUARTERS #2 Fund Activity 5 ST THOMAS VI 00802 Your Messages 7 Your Portfolio at a Glance Market Value of Your Portfolio Cash & Equvalent $28.224.245 TOTAL VALUE OF SECURITIES THIS PERO) 32,465,228 $27.743.103 NET CREDIT BALANCE 813,412 ■ $34.495.728 : $-2.030,500 Equities MONEY MARKET FUND BALANCE 27,410,833 $32.167.063 : 9-1.522,500 Current market value NET EQUITY THIS PERIOD $60,689,473 IM Last statement's market value C Short market value NET EQUITY LAST STATEMENT 58,387,666 CHANGE SINCE LAST STATEMENT 2,301,807 There are no 'Stop loss' orders or other pending buy or sell open orders on tile for your account. Roza taped any drforonoo a eastward of flats or stocks. nacos.] as doltrogoa to pou. Sit ISS Pflug for dn.:RH rants only *Kra flooded as a tam cloarnerR to Clem Somas: of 8006141429: a yam to Qom SONIC.. a Boar. Swam Sumac llvs statanat them bewailed for your marls Samara S. fa 'Natant acmaton Cap.. One lActotali Cool, North. BrooNri NY. 112014859 027 1627,01:09:11 001 ‘502 EFTA00196495 CLEARED 1HROUGH NS wilekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, b81 00,0 0 -41.1evoloch Cantot Noah Brocklln• New VC* 11201.3859 FINANCIAL TRUST COMPANY INC 2 ol STATEMENT BACKER IS PRINTED ON THIS PAGE 021 1047,01:09:11 001 V502 EFTA00196496 CLEARED THROUGH ITS YrHMV 01YNE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear. Szea•ns SOPreel Cory. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 CreLletsolech Conte Noah Becci0e. New Toe II201.3859 STEARNS FINANCIAL TRUST COMPANY INC 3 STATEMENT PERIOO September 29.2001 THROUGH October 26.2001 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER MASSER On File THIS PERIOD 71.16 PERIOD YEAR TO DATE LAST STATEMENT September 28.2001 Opening Balance $409.531.65 Dividends 77.261.81 1.024.592.69 Substitute Payment 0.00 76,725.66 Securities Sold 402,983.83 Credit Balance Int. 876.47 35.444.09 Money Fund 77,261.81 Total $78.138.28 $1.136.762.44 Dividends Interest 876.47 Miscellaneous 19.96 Foreign Tax Withheld 0.00 -150.00 Margin Int. Paid 0.00 -48,493.06 Amount Credited $481,142.07 Money Fund -77.261.81 Amount Debited $-77.261.81 Portfolio Composition SHOSi LON0 Net Cash Activity 403,880.26 CashiCash Equivalent 28.224,245 Closing Balance $813,411.91 Equities 2,030.500 34.495,728 Your Portfolio Total 82.030,500 $62,719,973 Allocation Cash Balance Summary OPENING CLOSING Cash 204,178.90 608.039.20 Margin 205,352.75 205.372.71 Cash & Equivalent 44% Net Cash Balance $409.531.65 $813.411.91 Equities 53% Short Equities- 3% Untoclecl POMOnS Oen,* Oar lxionce *nee 'ho l 11184( vote, Teo olorahr ;teensy.• tv Orme; Born to otnexe market rate or Kv portiovo 027 10.27.01:09:11 001 V SO2 EFTA00196497 CLEARED THROUGH ITS OW,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808r. SZeirns SOC,r.t.91 GNP Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue Ore Metsolech Cora Noah aro:kW% New Ye* 11201.3859 STEARNS New YY New York 10179 FINANCIAL TRUST COMPANY INC 4 STATEMENT PER00 September 29.2001 THROUGH October 26.2001 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER MADER On File LAST STATEMENT September 28.2001 EMN(ET ESTIMAIED CURP£NT DESCRPRON SYMBOLAUSIP QUANTITY PRICE VALUE !ANS INCOME 10.0 i%) CASH BALANCE 813,412 DREYFUS CASH MANAGEMENT-CL A DICCX 27,410,833.15 1.0000 27.410,833 904,557 3.3000 INSTITUTIONAL SHARES EST. 30 DAY AVG YIELD 2.7900% TOTAL CASH & CASH EQUIVALENTS $28,224,245 $904.557 EQUITIES Equities & Options AOCT MARKET ESTIMATED CURRENT DESORPTION S1MECIAUSIP TYPE ouvinty PRCE VALLE ANMOL INCOME YBD l%/ CNH GLOBAL IM. CNH MRGN 250,000 5.4000 1.350.000 138.000 10.2222 TELIGENT INC-CL A TGNTO CASH 60,000 0.2300 13.800 TOO INC TOO CASH 400.000 27.4100 10.964.000 CALL TOO INC NOV025CBOE TOOKE CASH -2.000 2.7500 -550,000 DP int7i2001 VECTOR GROUP LTD VGR MRGN 479.294 42.6000 20.417.924 766.870 3.7559 CALL VECTOR GRP NOV28.625" • XGOK28 MRGN -1.000 14.1000 -1.480.500 ACU 5% STOCK DNIDEND DP 1171772001 SENTIGEN HOLDING CP RSTD CASH 333.334 5.2500 1.750.004 Total Equities& Options $32,465,228 $904,870 TOTAL EQUITIES $32,465,228 $904,870 027 10.27.01:09:11 001 11502 EFTA00196498 CLEARED THROUGH ITS niCkLY OHt•E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SONH*1 CO,P. Bear. Steams 8 Co. Inc. BEAR 383 Madison Avenue Dec Mevolech CarrIN Noah Beccidon. New VC* 11201.3859 STEARNS New York New Yolk 10179 FINANCIAL TRUST COMPANY INC 5 o STATEMENT PERO° Sepiernter 29.2001 THROUGH October 26.2001 ACCOUNT NUMBER TAXPAYER KAMER OR File September 28.2001 Your Portfolio Holdings (continued) LAST STATEMENT YOUR TOTAL ESTIMATED ANNUAL INCOME $1.809,427 YOUR PRICEDPORTFOLIOHOLDINGS 560.689.472 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION STME/OLCUSV DUMMY PAIGE DEW AMOUNT CREDIT ATCvNT 10/12/01 10/11/01 SOLD CALL TOO INC NOV025CBOE OTOOKE -2,000 2.05000 402,983.83 EXP 11/17/2001 OPEN CONTRACT AS OF 10/11/01 TOTAL $402.983.83 MONEY FUND ACTIVITY DATE MWDAT TRANSACTOR DESCRIPTOR SYMECUCVSIP DUMMY PRICE DEBIT AMOUNT CREDIT AMOUNT 09/29/01 OPENINGBALANCE 27,333,571.34 10101/01 DIVIDEND paYtaaSMGEMENT-CL A DICCX 77,261.81 MONTHLY DIVIDEND 027 10.27,01:09:11 001 V502 EFTA00196499 CLEARED THROUGH ns ?auks', OME0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Steens Seciviset Goes Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue Ore Meeolech Cord Noah Beccidon. Nev. Ye* 11201.3859 STEARNS New York. New York 10179 FINANCIAL TRUST COMPANY INC 6 0 STATEMENT PERK* September 29.2001 THROUGH October 26.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER WESER OR File MONEY FUND ACTIVITY (continued) LAST STATEMENT September 28. Roo i DATE IADDAT TRANSACTICN OESIRIPTCN SYMEOUCUSIP OUN4MY PFOCE Own swam CREDIT AMOUNT 10/01/01 REINVEST fractaaSMGEMENT-CL A DICCX 77,261.81 77,261.81 DIVIDEND REINVESTED 10/26/01 CLOSINGBALANCE 27,410,833.15 TOTAL $.77.261.81 $77.261.81 INTEREST DATE OESCRIPTION SYMBOLCuSIP QUANTITY RATE ICI CENT AVOW!' OaEca Amount 10/22/01 INTEREST ON CREDIT BALANCE 1.5000 65.87 AT 1 1/2% 09/21 THRU 09/23 10/22/01 INTEREST ON CREDIT BALANCE 2.5000 176.80 AT 2 1/2% 09/24 THRU 10/01 10/21J01 INTEREST ON CREDIT BALANCE 2.0000 633.80 AT 2,000% 10.02 THRU 10/20 TOTAL $876.47 MISCELLANEOUS DATE MODAT TRANSACTOI DESCRIPTION DENT AMOUNT CREDIT AMOUNT 10/01/01 CASH-LIEU VECTOR GROUP LTD 19.96 CASH IN UE11 OF .65000 REC 0901101 PAY 09/28/01 TOTAL $19.96 027 1047.01:09M 001 VS02 EFTA00196500 CLEARED THROUGH ITS y/HDLLY OHY.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet Stows Soc.r.t.er C00. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Dec Metniech Cantec Noah 0eock11n. New Ts* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 7 c. STATEMENT PERMO Septernter 29.2001 THROUGH October 26.2001 ACCOUNT NUMBER TAXPAYER MAWR On Ede Your messages LAST STATEMENT Seplembei 28.2001 We are pleased to announce that we have moved our world headquarters, previously located at 245 Park Avenue, to: 383 Madison Avenue New York, New York 10179 While our telephone numbers and e•mail addresses remain the same, some fax numbers have changed, Please check with your Account Executive. End of Statement 027 I027/01:09:11 001 V502 EFTA00196501 ClEARED 1HRC4JOH I1S vniou.Y 01W.E0 SUBSIOMAY OFFICE SERVICING YOUR ACCOMNT Bal. Stefiss SOOWIII91 Ø. Beer. Stearns 8 Co. Inc. BffiR 245 Park Avenue New York New York 10167 Ono MaBotech Cool« NNUI 8rockign. New vca 1120/3859 STffiRNS FINANCIAL TRUST COMPANY INC STATEMENT PER« S8'3180109! 1.2001 ACCOUNT EXECUTIVE GIC:HEHMAN.IRA TELEPHONE TH000CH Seilerroe! 28.2001 VISIT OUR WEBSITE ii/A1uenteams.com ACCOUNT NUMBER What's In This Statement IIIIIIIIIIIIIIIII II TAXPAYER NVLIBER 011PIle LAST STAMMEN,' Auwst 31.2001 Financial Summary 3 FINANCIAL TRUST COMPANY INC CIO AMERICAN YACHT HARBOR Your Portfolio Holdings 4 6100 RED HOOK SUITE B-3 Transaction Detail 5 OUARTERS #2 Fund Activity 5 ST THOMAS VI 00802 Your Messages 8 Your Portfolio at a Glance Market Value of Your Portfolio Cash 8 Equvalent ...527.743.103 TOTAL %/KUE OF SECURITIES THIS PERNOD 30.644.563 li 529.122.764 NET cREorr BALANCE 409.532 2.167.063 : 5-1.522.500 Equttles MONEY MARKET FUND BALANCE 27.333.571 • $35.413.740 : S-2.252.500 ffi Current merket value NET EOUITY THIS PERIOD $58.387.666 §ffl Last statement's merket value Short merket vakle NET EOUITY LAST STATEMENT 62,284.004 CHANGE SINCE LAST STATEMENT -3.896.339 There are no 'Stop Loss' orders or other pending buy or seil open orders on file for your account. Plom@ topon arg clInworoo or nanrweig ol fl oks of slotta. «kok.] as dalar lo >to. ne.~nia brellalseSS ~sn cary t k rc4 irlended antar Sanert lo GAM Sanicoo al 8004:34-14211: «veto lo flom Sonkos a Bow. Staura &emnes lea asters: ORM be rEhne41« your rest See mars Se fa sakn Sess Ø.. OneLlflolecli Gala, Ho*. °rodi'', NY 112014.59 027 09,29,013 0:55 001 V500 EFTA00196502 CLEARED 'THROUGH nS WHOLLY OWNED SUBSIDIARY BOW. SOMAS SOhnIORT CO(.. Ono Llevotech Confer North Steck'tn. Hew York 11201.3859 FINANCIAL TRUST COMPANY INC 2 01 9 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 09,2901:10:55 001 V500 EFTA00196503 CLEARED THRWGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC.r.t.81 GNP. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New YY New York 10167 Ore Metsclech Contec Noah ettd001. New Year 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 3 STATEMENT PERK* SeplecTitet 1.2001 THROUGH September 28.2001 ACCOJNIT NUMBER Cash Flow Analysis Income Summary TAXPAYER MILKER Ofl Ale DC PERIOD YEAR TO DATE THIS PEFICO LAST STATEMENT August 31.2001 Opening Balance Dividends 214,153.34 947,330.88 $322.764.35 Substitute Payment 2,006.40 76,725.66 Money Fund 1,533,571.34 Credit Balance Int. 4,178.90 34,567.62 Dividends/Interest 184,760.90 Total 5220.338.64 $1,058,624.16 Miscellaneous 2,006.40 Foreign Tax Withheld 0.00 -150.00 Amount Credited $1,720,338.64 Margin Int. Paid 0.00 -48,493.06 Money Fund -33.571.34 Miscellaneous -1.600.000.00 Amount Debited $-1.633.571.34 Portfolio Composition SHORT LONG Net Cash Activity 86.767.30 Cash/Cash Equivalent 27.743,103 Closing Balance $409.531.65 Equities 1,522.500 32.167.063 Your Portfolio Total 31.522,500 $59,910,166 Allocation Cash Balance Summary OKI, NG CLOSING Cash 0.00 204,178.90 Margin 322,764.35 205,352.75 Cash & Equivalent Net Cash Balance $322.764.35 $409.531.65 46% Equities 52% Short Equrbes—J 2% Unsha0e0 POMOnS OM,* Oat 014, 0, 'nett 00'1 mom vetoes Toe elocalm revemar m Owed km to tibI91.te morIctn rat), 01 IN palloo 027 092801:10:55 001 v500 EFTA00196504 CLEARED IHRWOH ITS wuCkLY OMT,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BOP. SZeirns SOC,r4M1 GNP. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue Ore Metsolech Contof Noah BecdOon. New Year I I20I.38S9 STEARNS New York, New York 10167 FINANCIAL TRUST COMPANY INC 4 o STATEMENT PERK* SepINTENT 1.2001 THROUGH Septernter 28.2001 Your Portfolio Holdings ACCCOVT NUMBER CASH & CASH EQUIVALENTS TAXPAYER WINER 0n File LAST STATEMENT August 31.2001 MARXE7 ESTIMATED CURRENT DESCRPTION STAISCLCuSiP QUANTITY PACE VALUE NsN.M. INCOME TE10111 CASH BALANCE 409.532 DREYFUS CASH MANAGEMENT-CL A DICCX 27.333.571.34 1.0000 27.333,571 1,011.342 3.7000 INSTITUTIONAL SHARES TOTAL CASH & CASH EQUIVALENTS $27,743.103 $1.011.342 EQUITIES Equities & Options ACC! MARKET ESTIMATED CURRENT DESCRPTION Sn4ECCOJSIP Tat ODV1n1Y NICE VALUE MORAL INCOME YBD I%) CNH GLOBAL M. CNH MRGN 250,000 5.7700 1.442.500 138.000 9.5667 TEUGENT INC-CL A TGNTO CASH 60.000 0.1700 10,200 TOO INC TOO CASH 400.000 20.9900 8.39&000 VECTOR GROUP LTD VGR MRGN 479.294 42.7400 20.485.026 766.870 3.7436 CALL VECTOR GRP NOV28.625" • XGOK28 MRGN -1.000 14.5000 -1.522.500 ADJ Sx STOCK DNIDEND 11/17,2001 SENTIGEN HOLDING CP RSTD CASH 333.334 5.5000 1.833.337 Total Equities& Options $30.644.563 $904,870 TOTAL EQUITIES $30.644.563 $904,870 YOUR TOTAL ESTIMATED ANNUAL INCOME $1.916.. YOUR PRICEDPORTFOLIOHOLDINGS $58.387.665 02? 012101:10:55 001 V500 EFTA00196505 CLEARED THRWGH ITS notiCELY OMO.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Stoaras S0Orthel Gap. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Ore Metralech Contra Noah &Wort New Yak 112014859 STEARNS FINANCIAL TRUST COMPANY INC 5 STATEMENT PERIOD Sepleoter 1.2001 THROUGH 599MM:et 28.2001 Transaction Detail ACCCUNT NUMBER TAXPAYER WAXIER On AM INVESTMENT ACTIVITY LAST STATEMENT August 31.2001 SETTLEMENT ERODE DATE DATE TRANSACTION CESCRPTION smock:cum OcWHIT PRCE DEBIT AMOUNT CHEM MOM 09/19/01 JOURNAL CALL VECTOR GROUP NOV 030AMEX 92240M9K6 1.000 EXP 11/17/2001 ADJ 5% STOCK DIV TO SEC NUM 09/19/01 JOURNAL CALL VECTOR GRP NOV28.625***• -1.000 ADJ 5% STOCK DIVIDEND EXP 11/17/2001 ADJ 5% STOCK DIV FROM SEC NUM 09/26/01 EXPIRED CALL TOO INC SEP 025CBOE 890333910 3,050 EXP 09/22/2001 09/28/01 09/21/01 BOUGHT VECTOR GROUP LTD VGR 22,823 SEE NOTE t SEE DIY ON ilk SHS REC 09121101 PAY 09128/01 AS OF 09/21/01 '0"A_ MONEY FUND ACTIVITY DATE 1.13DAY TR4`,94101 DESCRIPTCGI SYMECLECUSIP cowry PRICE MINT AMOUNT CREDIT AMOUNT 09/01/01 OPENINGBALANCE 28,800.000 09/04/01 DIVIDEND DREYFUS CASH MANAGEMENT-CA. A DICCX 33,571.34 INSTITUTIONAL SHARES MONTHLY DIVIDEND 09/04/01 REINVEST DREYFUS CASH MANAGEMENT-CA. A DICCX 33.571.34 33.571.34 INSTITUTIONAL SHARES DIVIDEND REINVESTED 09/17/01 SOLD DREYFUS lML CASS H MANAGEMENT-CA. A DICCX -1.000.000 1.0000 1.000.000.00 027 092901:10:55 OBI V500 EFTA00196506 CLEARED THROUGH ITS OW,t0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Stearns SON,I*1 Cory. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Otto/kenloch Cella Noah Beccidon. New Year 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 6 STATEMENT PERK* Sept/lift!! 1.2001 THROUGH Septerrter 28.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER WEBER ON File MONEY FUND ACTIVITY (continued) LAST STATEMENT August 31.2001 DATE M3IMY TRANSACTKel DESCRIPTI3N SYMECUCUSIP WNW, PRICE CENT Amour Mon ALICIPIT 09/18/01 SOW S GEMENT-CL A DICCX -500,000 1.0000 500.000.00 09/28/01 CLOSINGBALANCE 27.333.571.34 TOTAL $-33.571.34 $1.533.571.34 DIVIDENDS OESCRPTION STIADCLiCUSIP QUANTITY RATE (Sii DEBIT AMOUNT CREW smCuuT 09/28/01 VECTOR GROUP LTD VGR 451.455 0.4000 180.582.00 REC 09/21/01 PAY 092841 $180,582.00 SUBSTITUTEPAYMENTS DATE DESCRIPTKIN SYSIECIAUSIP QUANTITY RATE (8, CENT AMOUNT CAM AMOUNT 09/28/01 VECTOR GROUP LTD VGR 2,006.40 MOO PAY TOTAL $2,006.40 027 09,2801:10:55 001 VS00 EFTA00196507 CLEARED THRWGH ITS ?RIMY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet. SZeirns SON, b81 Gap. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New York. New York 10167 CeoLlevolech Contof Noah 0eock11n. New Ye* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 7 c/1 STATEMENT PERK* SeplecTiteI 1.2001 THROUGH Septeoter 28.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER RUDDER On FIk INTEREST LAST STATEMENT Ragas! 31.2001 EWE DESCRPTION SYMBGL.CuSlo OVANillY RATE I%) DEBIT AMOUNT CREW AMOUNT 09/21/01 INTEREST ON CREDIT BALANCE 0.5000 14.21 AT 0 1/2% 09/19 THRU 09/19 09/21/01 INTEREST ON CREDIT BALANCE 1.5000 42.62 AT 1 1/2% 09/20 THRU 09/20 09/21/01 INTEREST ONCREDIT BALANCE 2.5000 190.66 AT 2 1/2% 09/17 THRU 09/18 09/21/01 INTEREST ONCREDIT BALANCE 3.0000 3931.41 AT 3.000% 08/21 THRU 09116 TOTAL $4.178.90 MISCELLANEOUS DATE wow TWA/4TM DESCRIPTION Dad AMOUNT CP£CT Ano-NT 09/18/01 JOURNAL TO 400900.00 SAME NAME 09/19/01 JOURNAL TOME 400900.00 09/21/01 JOURNAL TO 500.000.00 09/24/01 JOURNAL TO 300900.00 SAf TOTAL $-1.600900.00 027 092801:10:55 001 VS00 EFTA00196508 CLEARED THROUGH ITS wilekLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Stearns S0C.r.tel GNP. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New York. New York 10167 0 -4 Montech Cella Noah Beccidon. New Year 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 8 O1 STATEMENT PERIOD Sept/lift!! 1.2001 THROUGH Sep'eater 28.2001 AGGDANIT NUMBER TAXPAYER AVUSER OR File Your messages LAST STATEMENT August 31.2001 This statement is provided to explain Bear, Steams & Co, Beginning October 31, 2001, you may request the identity In? Inc.'s ('BSC') payment for order flow practices. of the venue to which any of your orders were routed for execution (if the order was within the six months prior to BSC routes a majority of orders for customer securities the request or July 2, 2001, whichever is a later date), transactions to the primary market for such securities. whether the order was directed by you to that venue, and Orders may also be routed to other market service vendors the time of the executions, if any, that resulted from such that assure executions pursuant to complex mathematical orders, formulas at better than the national best bid or best offer (NBBO). BSC receives no cash payment or other consideration for such order routing other than favorable executions or executions of limit orders at no additional charge. 027 092801:10:55 001 VS00 EFTA00196509 CLEARED THROUGH ITS WHOLLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szea7E SOPM*1 GOO. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Ore Metniech Sextet Noah Beccioon. New Year 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 9 STATEMENT PERKO SepMinter 1.2001 THROUGH SepMinter 28.2001 PCCCENT NUMBER TAXPAYER MASSER On File LAST STATEMENT AuguST 31.2001 Bar Requirements: Bear, Steams Securities Corp. Net Capital and Net Capital Bar Securities and other assets in your account are the firm's collateral for any margin loan made to you, If the securities and other assets in your account decline in value, so does At May 25, 2001 and July 27, 2001, the Company's net the value of the collateral supporting your loan, and, as a capital of $2.7 billion and $2,7 billion was approximately result, the firm can take action, such as issue a margin call 8.9% and 9.2% of aggregate debit items and exceeded the and/or sell securities or other assets in any of your accounts minimum regulatory net capital requirement of $605.5 held with the member, in order to maintain the required equity million and $585,5 million by $2.1 billion and $2,1 billion, in the account. It is important that you fully understand the all respectively, risks involved in trading securities on margin, These risks include the following: A complete copy of the Bear, Stearns Securities You can lose more funds than you deposited in the Corp, Statement of Financial Condition is margin account, available on the web site yvnv bearstearns corn The firm can force the sale of securities or other assets Alternatively, to request a free printed copy please call in your account(s), -toll tree 1.866.299.9331 The firm can sell your securities or other assets without contacting you. You are not entitled to choose which securities or other assets in your account(s) are liquidated or sold to meet a margin call. The firm can increase it's 'house" maintenance requirements at any time and is not required to provide you advance written notice. You are not entitled to an extension of time on a margin call. End of Statement 027 0929031:10.55 001 V500 EFTA00196510 CLEARED THROUGH nS WHOU.Y OWNED SUBSIDIARY OFFICE SERVICING YOUR ACOOLM Beat. ROAMS SOMAille• Cap. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New York, New York 10167 Ono liettotoch Confer Noah Eleccidin. Her, Yes 1120/3859 STEARNS FINANCIAL TRUST COMPANY INC STATEMENT PERIOD Julj 28.2001 ACCOUNT EXECUTIVE ZI3NERMAN.IRA TELEPICCE THROUGH August 31.2001 VISIT OUR WEBSITE cemv.uea'steams.com ACCOUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER NUMBER On File LAST STATEMENT JUI/ 27.2001 Financial Summary 3 FINANCIAL TRUST COMPANY INC 4 CIO AMERICAN YACHT HARBOR • Your Portfolio Holdings 6100 RED HOOK SUITE 8-3 Transaction Detail 5 QUARTERS #2 Fund Activity 6 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash S Bomalent 829.122.764 TOTAL VALUE OF SECURITIES THIS PERIOD 33.161.240 5497.904 NET CREDIT BALANCE 322.764 $35.413.740 : 8-2,252.500 Equine MONEY MARKET FUND BALANCE 28.800.000 $48.385.947 : 5-1.205.440 III Current market value NET EQUITY Tits PERIOD $62.284.004 (IM Last statements market value C Short market value NET EOUITY LAST STATEMENT 47,678.411 CHANGE SINCE LAST STATEMENT 14.605.594 There are no 'Stop Lose orders or other pending buy or sell open orders on file for your account. Plo.mit row ant arreronce a nontocerd of fl dis or stocks, ndicolod as clottcoroa to you. St TortaenTerY s I WOONODOIMI passes Syne not Mended na Nu docueort lo Gent SonIon of 800614-1428: a yet to Choi Santos a Boot Stoorra SecuMos scaternero NNW he rebored for your records SOS MOM cede for merlon egormatron Ca,. Co. Leeown Coos: Hook 8rodbri, NY I *obsess 027 COOI.0110:37 001 V496 EFTA00196511 CLEARED 1HROUGH RS WHOLLY 0" ED SUBSIDIARY Beer. Saea•ns SON, b91 GOO. Ceol.levetech Cardet Noah Broeklln• New Ye* 11201.3859 FINANCIAL TRUST COMPANY INC 2 el e STATEMENT BACKER IS PRINTED ON THIS PAGE 027 09,01,01:10:37 001 V096 EFTA00196512 CLEARED 1HRWGH ?RIMY OBBEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BBB. Steens S0Brotee COO. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Ore Mem:Icon Cella Noah etCd001. New Tuft 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 3 th/ STATEMENT PERK* Jul/ 28. 2001 THROUGH August 31.2001 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER MAWR On File THIS PERICO HS PERICO YEAS TO DATE LAST STATEMENT Jul/ 27. 2OO1 Opening Balance $497.903.66 Dividends 52,439.54 733,177.54 Substitute Payment 5,560.46 74.719.26 Securities Sold 36,459,808.11 Credit Balance Int. 7.052.58 30,388.72 Money Fund 5,000,000.00 Total $65.052.58 $838.285.52 Dividends Interest 59,492.12 Miscellaneous 5,560.46 Foreign Tax Withheld 0.00 -150.00 Margin Int. Paid 0.00 -48.493.06 Amount Credited $41.524,860.69 Money Fund -33.800.000.00 Miscellaneous -7.900.000.00 Portfolio Composition Amount Debited $41.700.000.00 SHORT LONG Cash,Cash Equivalent 29.122,764 Net Cash Activity -175.139.31 Equities 2.252.500 35.413.740 ClosingBalance $322.764.35 Your Portfolio Total $2,252.500 $64,536.504 Allocation Same On tanslens ct cash balsam accost beefs ate not oncluded on Om 00(1100. such Irantlets. as eye es demi. Ita at ore, Inmateloos Ins paned. Mean on Tweeter. debt Cash Balance Summary ORVIINO CUZISINCI Cash & EquIraleni 44% Cash 216,490.16 0.00 Equities 63% Margin 281,413.50 322.764.35 Net Cash Balance $497.903.66 $322/64.35 Shod Equities- 3% Unshaded potions °ono* oat bins antler shoe 111844( vette, The elorahr ;evenly, is Owed Irom lee absolxe rates rata, ol tots parka" 027 09,01,01:10:37 001 v496 EFTA00196513 CLEARED IHRWOH ITS vniCkLY OHT,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SzeNns SOMM*1 GOO. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Ore Mevolech CeMet Noah 8tCd001. New Year 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 4 STATEMENT PERIOD Jul/ 28. 2001 THROUGH August 31.2001 Your Portfolio Holdings ACCCUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER PANISER OR Foe LAST STATEMENT JuN 27.2001 EMMET ESTIMATED CURRENT DESCROION SIMBOLCUSO QUANTITY PRICE VALUE ANNUAL INCOME VOID I%1 CASH BALANCE 322,764 DREYFUS CASH MANAGEMENT-CL A DICCX 28.800.000 1.0000 28.800.000 1,123,200 3.9000 INSTITUTIONAL SHARES TOTAL CASH & CASH EQUIVALENTS $29.122.764 $1,123,200 EQUITIES Equities & Options ACCT MARKET ESTIMATED CURRENT DESCRATION SYMEMCVSIP TYPE armour PRCE VALLE ANTRAL INCOME YEW I%1 CNH GLOBAL M. CNH MRGN 250,000 7.5000 1.875.000 138,000 7.3600 TELIGENT INC-CL A TGNTO CASH 60,000 0.1300 7.800 TOO INC TOO CASH 400,000 27.5200 11,008.000 CALL TOO INC SEP 025CELOE TOOIE CASH -3.050 2.5000 -762.500 EXP 09122/2001 VECTOR GROUP LTD VGR MRGN 456.471 44.9600 20,522.936 730.354 3.5587 CALL VECTOR GROUP NOV030AMEX VGRK30 MRGN -1.000 14.9000 -1.490,000 RP 11/17/2001 SENTIGEN HOLDING CP RSID CASH 333.334 6.0000 2.000.004 Total Equities& Options $33.161.240 $868,354 TOTAL EQUITIES $33.161.240 $868,354 YOUR TOTAL ESTIMATED ANNUAL INCOME $1.991.554 YOUR PRICEDPORTFOLIOHOLDINGS $62.284.004 021 DA01.01:10:37 001 V49G EFTA00196514 CLEARED THROUGH ns vngsly °MED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saee•ns SON, b91 CO,P. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New York, New York 10167 CeoLlevalech Cantet Noah Beccidon. New Tuft 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 5 v./ v. STATEMENT PERIOD Jut/ 28.2001 THROUGH August 31.2001 Transaction Detail ACCCUNT NUMBER TAXPAYER KAMER On Foe INVESTMENT ACTIVITY LAST STATEMENT Jut/ 27.2001 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION smoolacuse OVAARITI P.CE DEBIT AMOUNT CREPT A/CUNT 08/01/01 07/31/01 SOLD CALL TOO INC SEP 025CBOE OTOOIE -50 1.00000 4,847.33 SIP 09222001 UNSOUCITED OPEN CONTRACT 08/03/01 07/31/01 SOLD TOO INC TOO -3,000 24.90000 74.517.51 UNSOUCITED an5Mvi t6t5 Y65515 Yb5 -447.600 23.25000 11.554.462.2 UNSOLICITED AS OF 07/31/01 ovo3/01 08/02/01 SOLD CALL TOO INC SEP 025CBOE OTOOIE -1.000 0.80000 76.994.83 EXP 09222001 UNSOLICITED OPEN CONTACT 08/17/01 JOURNAL CALL VECTOR GROUP AUG 030AMEX 6 EXP 1 NE ASSIGNED 00006 08/20/01 JOURNAL CALL TOO INC AUG 025CBOE 1.000 EXP 08118/2001 NE OTOOHE ASSIGNED 00561 08/20/01 JOURNAL CALL VECTOR GROUP AUG22.50AMEX 736 EXP 08/ 1 AE ASSIGNED 00591 08/20/01 JOURNAL CALL VECTOR GROUP AUG 030AMEX 34 EXP 080 1 AE ASSIGNED 00592 08/21/01 08/17/01 SOW VECTOR GROUP LTD VGR -600 30.00000 17.946.90 SEE ' • ON BACK NE 6 ASSIGNED 08/22/01 0820/01 SOLD TOO INC TOO -100,000 25.00000 2,497,414.16 NE OTOOHE 1000 ASSIGNED 08/22/01 0820/01 SOLD VECTOR GROUP LTD VGR -3,400 30.00000 101,911.60 SE • • ON BACK NE 34 ASSIGNED Oa/ 09 01 01.1D37 091 Y498 EFTA00196515 CLEARED THRWGH ITS wilekLY 0%M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, bel GOO. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Cc* Mon:tech Contet Noah Beccidon. New Tuft 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 6 c, STATEMENT PERK* Jul/ 28. 2001 THROUGH August 31.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER KAMER On File INVESTMENT ACTIVITY (continued) LAST STATEMENT Jul/ 27.2001 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION meatus, OVANTITY PRCE DEBIT AMOUNT OREM AMOUNT 0a,22;01 08/20101 SOLD VECTOR GROUP LTD VGR -73,600 22.50000 1,654,102.30 SEE " ON BACX AE 736 ASSIGNED bik6stoi 6/1/2161 SOLLS ALL POOINC §Eis &sotiot Mat ,d6o 1.50000 frfrfr, . EXP 09:22,2001 UNSOUCITED OPEN CONMACT 08/24/01 JOURNAL BOST ES INC BXP 400.000 AIL FM PER INTXS 08/27/01 08/22/01 SOLD BOSTON PROPERTIES INC BXP 250.000 40.33590 10.068.638.86 UNSOUCITED 08/27/01 08/22/01 SOLD BOSTON PROPERTIES INC BXP 250.000 40.52370 10.115.584.80 UNSOUCITED TOTAL $36.459.808.11 MONEY FUND ACTIVITY DATE Loa.DAT TRANSACTION DESCRIPON SYLIECUOUSIP OUNNTITY PRNCE COTT AMOUNT CREDIT AMOUNT 07/28/01 OPENINGBALANCE 0.00 08/08/01 BOUGHT aYrtagtSWARGEMENT-CL A DICCX 11.000.000 1.0000 11.000.000.00 BU FD oviati BOUGHT DREYFUS CASH MANAGEMENT-CL A DICCX 800,000 1.0000 800,000.00 INSTITUTIONAL SHARES 0824:01 ,6LI5 A 'aggiRdigigNYZL A 151 x -1,000,000 1.0000 1,000,000.00 INSTITUTIONAL SHARES SE FD 027 09010190:37 031 V49E EFTA00196516 CLEARED THROUGH ITS niCkLY OW•E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, bel GOO. Bear. Stearns 8 Co. Inc. BUR 245 Park Avenue New Y New York 10167 Ore Mon:tech Contet Noah Beccidon. New Teitt 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 7 STATEMENT PERK* Jul/ 28. 2001 THROUGH August 31.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMBER On Foe MONEY FUND ACTIVITY (continued) LAST STATEMENT Jug 27.2001 DATE MDIMY TRANSACTION DESCRIPTCN STIAECUCUSIP ouirAnnv PRICE OEMs AMOUNT CREDIT AMOUNT 08/24/01 SOLD GEMENT-CL A DICCX -2.000.000 1.0000 2.000.000.00 RAVtaaSM FFD 08/28/01 BOUGHT DREYFUS CASH MANAGEMENT-CL A DCCX 22.000.000 1.0000 22,000,000.00 INSTITUTIONAL SHARES Bu FD 151keYPUMPTikatalrlTh L ti -2.000.000 1. 2,000,000.00 INSTITUTIONAL SHARES FFD 08/31/01 CLOSINGBALANCE 28,800,000 TOTAL $-33.800.000.00 $5,000,000.00 DIVIDENDS DATE DESCRIPTION SYMBECCUSIP OUINTIT7 PATE (St DENT AMOUNT CPECa AMOUNT 07/30/01 BOSTON PROPERTIES INC EIXP 90,413 0.5800 52.439.54 REC 06/29/01 PAY 07/30/01 TOTAL $52.439.54 027 09,0101:10:37 001 v49t, EFTA00196517 CLEARED THRWGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,r4M1 Gory. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Ore Mem:tech Contec Noah Beccidon. New Tuft 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 8 STATEMENT PERK* Jul/ 28. 2001 THROUGH August 31.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER MOUSER OR Foe SUBSTITUTE PAYMENTS LAST STATEMENT Jul/ 27.2001 DATE DESCRFTION STMEICILICVSIP QUANTITY RATE <VI DEBIT AMOUNT CREW AMOUNT 07/30/01 BOSTON PROPERTIES INC EOLP 5,560.46 SUBST PAY ON 9587 SHS REC 06/29/01 PAY 07/30101 TOTAL $5,560.46 INTEREST DATE OESCRIPTION SYMOCIJOUSIP OUSAFTIllf RATE 174 MINT AMOUNT CREW AMOUNT 08/21/01 INTEREST ONCREDIT BALANCE 3.2500 7,052.58 AT 3 114% 07/21 THRU 08/20 $7,052.58 MISCELLANEOUS DATE MOAT TRANSACTCN DESCRIPTON DEBIT AMOUNT CREDIT AMOUNT 08124/01 JOURNAL TO 1.900.000.00 SAME 08/24/01 JOURNAL TO 4.000.000.00 SAME 08/30/01 JOURNAL JOURNAL FROM TYPE 2 TO 1 21.974.833.61 &lidera.' Jail AL maii NE IVO 1 21.974. .61 oei31/01 JOURNAL JNL TO 35301502PER LOA 2.000.000.00 TOTAL $-29.874.833.61 $21,974,833.61 027 04701/01;10:37 001 wee EFTA00196518 CLEARED IHRCO3H ITS YRIOU.Y OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear. SIMMS Sehrek> Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New York, New York 10167 Ono Maratah Confer Noah Becdt4n. Noe Yak 1120/3859 STEARNS FINANCIAL TRUST COMPANY INC STATEMENT PERIOD June 30.2001 ACCOUNT EXECUTIVE ZICHERMAN.IRA TELEPECCE THROUGH Jut/ 27.2001 VISIT OUR WEBSITE 67HV.Uea'Stearr, S.00,11 ACCOUNT NUMBER What's In This Statement II TAXPAYER NUMBER On File LAST STATEMENT June 29.2001 Financial Summary 3 FINANCIAL TRUST COMPANY INC 4 CIO AMERICAN YACHT HARBOR • Your Portfolio Holdings 6100 RED HOOK SUITE 8-3 Transaction Detail 5 QUARTERS #2 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURITIES THIS PEDDD 47.180.507 Cast, a Enurelent -ISI $280.529 $497.9°4 NET CREDIT BALANCE 497.904 8.385.947 : 9-1.205.440 Equities ....... 51.963.539 : S-1.192A00 NET EQUITY THIS PERIOD $47.678.411 III Current market value NET EQUITY LAST STATEMENT 51.051.668 ISE Last statements market value C Short market value CHANGE SINCE LAST STATEMENT -3.373.258 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Plo.ma nman an/ clIforanoo a nanramia of crocks or Mocks. ndicalal a dalfrocal 10 pm. et easTwerY la for OkOsabonel pawns** Is ea Mended scowl:Was 10 Clem Simon al 800(31.1428: a yet lo Clam Sanaa. a BOW. Smarm Spumes ssatonwri amid be maw for your records Soo worn Oa for Malan intemanan Dn. Ono MeeoHM Conk. Honk Brookbn, NY 112014104 027 07,260149:42 001 V482 EFTA00196519 CLEARED 1HROUGH RS wilekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, b81 00,8. Ceol.levetech Cantet Noah Broeklln• New Ye* 11201.3859 FINANCIAL TRUST COMPANY INC 2 el STATEMENT BACKER IS PRINTED ON THIS PAGE 027 07,2801:09:42 001 V482 EFTA00196520 BLEARED THROUGH nS nor? ORB.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 8038r. Screams SON, b91 Cat. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 OtoMetsolech Contet Noah Beccidon. New Teitt 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 3 ci STATEMENT PERK* June 30.2001 THROUGH Jut/ 27.2001 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER MASER On File DRS PERIOD YEAS TO DATE THIS PERICO BART sTATEIAENT June 29.2001 Opening Balance $280.529.40 Dividends 0.00 680,738.00 Substitute Payment 0.00 69,158.80 Secudties Sold 216,490.16 Credit Balance Int. 953.56 23,336.14 Dividends/Interest 953.56 Total $953.56 $773,232.94 Amount Credited $217.443.72 Foreign Tax Withheld 0.00 -150.00 Dividends/Interest Charged -69.46 Margin Int. Paid -69.46 -48,493.06 Amount Debited $-69.46 Net Cash Activity 217.374.26 Portfolio Composition Closing8alance $497.903.66 .9.3qT LONG CashiCash Equivalent 497.904 Equities 1,205.440 48.385.947 Your Portfolio Cash Balance Summary Total $1,205,440 $48,883,851 Allocation OPENNO CLOSING Cash 0.00 216,490.16 Margin 280.529.40 281,413.50 Net Cash Balance $280.529.40 $497,903.66 — Equities 97% Untivoecl prow,' °envie Soot bano, *not, 9m•I male wive, Tha elocatnw percemso, ts Owed Iron 8-a Mnol.te markei ran of 1pJ palioo 027 0728,0109:42 001 V482 EFTA00196521 CLEARED THROUGH ns vngxlv °ME° SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC‘rthel GNP. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Ore Mem:tech CarrIN Noah Beccidon. New Ye* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 4 STATEMENT 720m June 30.2001 THROUGH Ju9 27.2001 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER MASER On File LAST STATEMENT June 29.2001 1MRKET ESTMATED DESORPTION STMOOLCUSP OA% LT, PRCE VALLE ANNUM. tiCOME CASH BALANCE 497.904 TOTAL CASH & CASH EQUIVALENTS $497.904 EQUITIES Equities & Options ACC! NIANCE1 mimeo cuarevr DESekrIOU SYMBOUOUSIP TYPE *JAUNTY PRCE VALLE ANNUAL INCO1AE YELD BOSTON PROPERTIES INC BXP MRGN 100,000 39.2800 3.928.000 232.000 5.9063 CNH GLOBAL CNH MRGN 250,000 7.1500 1.787.500 138.000 7.7203 TEUGENT INC-CL A TGNTO CASH 60,000 0.2800 16.800 TOO INC TOO CASH 1.000,000 23.6200 23.620,000 CALL TOO INC AUG 025CBOE TOOHE CASH -1,000 0.4500 -45,000 08/18i2001 VECTOR GROUP LTD VGR MRGN 534,071 32.0500 17.116.976 854.514 4.9922 CALL VECTOR GROUP AUG22.50AMEX VGRH22 MRGN -736 9.9000 -728.640 SIP 01108/2001 CALL VECTOR GROUP AUG 030AMEX VGRH30 MRGN -40 2.9500 -11.800 SIP 08/18/2001 CALL VECTOR GROUP NOV030AMEX VGRK30 MRGN -1,000 4.2000 -420,000 DP 1M7/2001 SENTIGEN HOLDING CP RSTD CASH 333,334 5.7500 1.916.671 Total Equities& Options 547.180.507 51.224.514 TOTAL EQUITIES $47,180.507 51.224.514 027 07•29/01:09:42 001 V482 EFTA00196522 CLEARED THROUGH DS ?mow, OME0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOOrthel GNP. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New York. New York 10167 0 -41km:tech Cella Noah Beccidon. New Year I 1201.3869 STEARNS FINANCIAL TRUST COMPANY INC 5 c/ STATEMENT PERIOD June 30.2001 THROUGH Jul/ 27.2001 ACCOUNT NUMBER TAXPAYER KAMER On File June 29.2001 Your Portfolio Holdings (continued) LAST STATEMENT YOUR TOTAL ESTIMATED ANNUAL INCOME $1.224.514 YOUR PRICEDPORTFOLIOHOLDINGS 547.678,410 Transaction Detail INVESTMENT ACTIVITY SEITLEmENr TRADE DATE DATE TRANSACTION OESORPTION STMOOLGUSP Dare PRICE DEBIT AMOUNT MCAT AMOUNT 07/03/01 07/02/01 SOLD CALL TOO INC AUG 025080E OTOOHE 1.000 2.20000 216,490.16 EXP 08118/2001 UNSOUCITED OPEN CONTRACT 07/15/01 r5ONIUL diga811 11 CNH •102.000 JOURNAL FRO PE 1 T02 07/13/01 JOURNAL CNH GLOBAL II: CNH 102600 JOURNAL FROM TYPE 1 TO 2 TOTAL $216,490.16 027 07.28.01:39:42 031 va2 EFTA00196523 CLEARED THROUGH ITS WIIOUY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns S0C,r4MI GNP Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Cc* Mem:tech OarrIN Noah Becci0on. New Year 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 6 STATEMENT PERK* June 30.2001 THROUGH 84 27.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMBER On File INTEREST LAST STATEMENT June 29.2001 DATE DESORPTION STMEICILSOUSIP COMM RATE 141 DEBIT AMOUNT CREDIT AMOUNT 07/23/01 FROM 06/21 THRU 0626 (04314% 4.7500 69.46 BAL 66.901- AVBAL 87,736 07/23/01 INTEREST ON CREDIT BALANCE 3.5000 32.52 AT 3 1/2% 06/21 THRU 06/26 07/23/01 INTEREST ON CREDIT BALANCE 3.2500 921.04 AT 3 1/4% 06/27 MAU 07/20 TOTAL 9-69.46 $953.56 End of Statement 027 07280109:42 001 V482 EFTA00196524 CLEARED IHRCAIGH IIS nøtter 0f~ 51.185101ARY OFFICE SERVICING YOUR ACCOUNT Beef. Szreres Sonett% Ø. Boar. Stearns & Co. Inc. BffiR 245 Park Avenue New York, New York 10167 Oro Mevoleen Center NorUf Becck5n. Hex Ten 11201.3859 STffiRNS FINANCIAL TRUST COMPANY INC ACCOUNT EY.EC.,-.'it ZICHERMAN.IRA STATEMENT PER« May 26.2001 TELEPHONE THROUGH June 29.2001 VIER OUR WEBSITE iymv.i.warsleams.com ACCOUNT NUMÖER What's In This Statement 1111,111111111111 II TAXPAYER ~ER On Ne LAST STATEMENT May 25.2001 Financial Summary 3 FINANCIAL TRUST COMPANY INC CIO AMERICAN YACHT HARBOR Your Portfolio Holdings 4 6100 RED HOOK SUITE B-3 Transaction Detail 5 OUARTERS #2 Your Messages 7 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Important Message Please note: You may lind TOTAL VALUE OF SECURMES THIS PERIOD 50,771,139 Cash 8 Equvalent $28" 29 more than one statement 9 $313.146 in this envelope. Beginning NET CREDIT BALANCE 280,529 $51.963,539 : 9-1.192.400 this month. all statements Equifies with the same Address and 'Nær r~3 .1`kr.«.,1] $39.241.081 : $-1,400,000 NET EOUITY THIS PERIOO Social SOCUnly number $51,051,668 Curtont merket vakle Taxpayer Identification number are being mailed in NET EOUITY LAST STATEMENT 38,154,227 Last statements ma$et value one envelope. For lurther Short merket velur, details. please contact your CHANGE SINCE LAST STATEMENT 12,897,442 account executive. There are no 'Stop Loss' orders or other pending buy or seil open orders on file for your account. F1Amo fonen mor Ortofon» of nenfortrof ol torn or Rotes, nr:Pep»! as Minna lo >nu. Hforma444 scrooses at a n8 ~Med anla. 600.n1ert »Gnei Somme Gi BOOS24.1481: a Ante lo Glam SONIC“ Al Bow. Smarte Sccumos SIK rin funnINI5 nes statornore should bo/Kanen for your reaords Sn renn* Wa for rf/forlatt akant« Co». Oee Manien, Cern. Kone. °ref:enn, NY 11201.3859 027 06.30.01:23:28 001 9481 EFTA00196525 CLEARED 1HROUGH RS wilekLY 0"E0 SUBSIDIARY 808r. Saee•ns SON, b81 00,8. Ceol.letioloch Cantot Noah Brocklln• New VC* 11201.3859 FINANCIAL TRUST COMPANY INC 2 ol STATEMENT BACKER IS PRINTED ON THIS PAGE 027 M3001:23:28 001 V481 EFTA00196526 CLEARED THROUGH niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Steams S0Cvneel GNP. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New YY New York 10167 Cc* Metsolech Canton Mall ettd001. Hew VC* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 3 STATEMENT PER100 May 26.2001 THROUGH June 29.2001 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER KAISER On FIk DC PERIOD YEAR TO DATE THIS PERIOD LAST STATEMENT May 25.2001 Opening Balance $313,145.78 Dividends 214.628.40 680,738.00 Substitute Payment 0.00 69,158.80 Securities Sold 1,159,796.20 Credit Balance Int. 312.82 22,382.58 Dividends/Interest 214.941.22 Total $214,941.22 $772,279.38 Amount Credited $1,374,737.42 Foreign Tax Withheld -150.00 •150.00 Securities Bought -1,405.181.30 Margin Int. Paid -1,998.50 -48,423.60 Dividendsllnterest Charged -1.998.50 Miscellaneous -174.00 Amount Debited 5-1.407.353.80 Portfolio Composition SCR; LONG Net Cash Activity -32.616.38 CashiCash Equivalent 280,529 Closing Balance $280,529.40 Equities 1,192.400 51.963,539 Same Sat tennis?, ol cash balsam accost 1>pes are not included in ue Your Portfolio sedge. sod' Sane/era as well as details Iv all ore fransacicas Pas penod. Allocation appeal in Thltenlellan Dotal. Total 51.192.400 $52,244.068 Cash 8 Equivalent — <1% Stns Equities Cash Balance Summary orEra.G CUZ61NO Margin 313.145.78 280,529.40 Net Cash Balance $313.145.78 $280.529.40 — Equities 97% Umnooed croons oenoie debt beano, ander shrl male valaea ha elevation pereemer is clewed Icon to Desolate ...Ow valve of .ev pane» 027 OSSP0123:28 001 V481 EFTA00196527 CLEARED THROUGH ITS wilekLY OW,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SOC,nbel GNP Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York, New York 10167 Cc* Mem:tech Contec Noah BecciCon. New Year 112013959 STEARNS FINANCIAL TRUST COMPANY INC 4 v/ STATEMENT PERK* May 26.2001 THROUGH June 29.2001 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER Akm3ER On File LAST STATEMENT May 25.2001 MARKET (STRIATED DESORPTION SYMBOLCUSIP OUAN'iTI PRCE VALUE ANNUAL W.01AE CASH BALANCE 280,529 TOTAL CASH & CASH EQUIVALENTS $280.529 EQUITIES Equities & Options ACCT MARKET &smarm aAllen DESORPTION SYMBOUOUSIP TYPE OUANTITY PRICE VALUE ANNUAL tICOIAE YEW IY4 BOSTON PROPERTIES INC BXP MRGN 100.000 40.9000 4.090.000 232.000 5.6724 CNH GLOBAL CNH CASH 102.000 5.9300 604.860 56.304 9.3086 CNH GLOBAL CNH MRGN 148.000 5.9300 877.640 81.696 9.3086 TELIGENT INC-CL A TGNTO CASH 60.000 0.1800 10.800 TOO INC TOO CASH 1.000.000 27.4000 27.400.000 VECTOR GROUP LTD VGR MRGN 534.071 31.9500 17.063.568 854.514 5.0078 CALL VECTOR GROUP AUG22.50AMEX VGRH22 MRGN -736 9.5000 -699.200 DP 0811&•2001 CALL VECTOR GROUP AUG 030AMEX VGRH30 MRGN 40 3.3000 -13.200 SIP 08118/2001 CALL VECTOR GROUP NOV030AMEX VGRK30 MRGN -1,000 4.8000 -480.000 SIP 11117/2001 SENTIGEN HOLDING CP RSTD CASH 333,334 5.7500 1.916.671 Total Equities& Options $50.771,139 $1.224.514 TOTAL EQUITIES $50,771,139 $1.224.514 027 06.30131:2328 031 EFTA00196528 CLEARED THROUGH ITS ?new, OME0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,r44,1 GNP. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 0 -41km:tech Cella Noah Beccidon. New VC* I 12014859 STEARNS FINANCIAL TRUST COMPANY INC 5 o STATEMENT PERIOD May 26.2001 THROUGH June 29.2001 ACCOUNT NUMBER TAXPAYER WESER On FIk May 25.2001 Your Portfolio Holdings (continued) LAST STATEMENT YOUR TOTAL ESTIMATED ANNUAL INCOME $1.224.514 YOUR PRICEDPORTFOLIOHOLDINGS $51151,668 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION STMEPOLCUS/P DUMMY PRCE DEBIT AMOUNT CREPT AMOUNT 05/29/01 05/23/01 BOUGHT CNH GLOBAL E. CNH 3,000 6.42000 19.442.50 UNSOLICITED 05/29/01 05/23/01 BOUGHT CNH GLOBAL E . CNH 3.000 6.47530 19.60510 UNSOLICITED AS OF 05123'01 bstabrbi estievi tou6H11 dui&MAL disiEf 102.600 6.69410 688.9k.70 UNSOLICITED 05/31/01 05/25101 BOUGHT CNH GLOBAL CNH 48.000 6.68390 323.709.70 UNSOUCIIED beksibi 66,64/61• did. Wen O6u0 tem o3cimuitx dvdrIK3o .1.000 5.70000 566.478.50 SIP 11117,2001 UNSOUCIIED OPEN CONTRACT 027 06.30,01:2328 031 EFTA00196529 CLEARED THROUGH ITS vngx,o, OHNEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SONA881 GOO. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Ore Meet I cch Canto Noah Betatron. New Tort 112014859 STEARNS FINANCIAL TRUST COMPANY INC 6 STATEMENT PEF800 May 26.2001 THROUGH June 29.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER M1803ER On File INVESTMENT ACTIVITY (continued) LAST STATEMENT May 25.2OO1 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION 40.480LCUSP CUNNiTY PRICE DEED AMOUNT CREPT AhnOcter 06105/01 06/04/01 BOUGHT CALL VECTOR GROUP JUN 030 AMEX 92240M9F7 1.000 3.50000 353,502.50 EXP 06/16/2001 UNSOLICITED CLOSING CONTRACT JOURNAL ERTIES INC BXP -200.000 TO ANIAL b616NI,Rdithlit§ wo -2dd.doo TO SAME 06/20/01 JOURNAL CALL VECTOR GROUP AUG22.50AMEX 264 EXP 1 AE ASSIGNED 00001 06/22/01 06/20/01 SOLD VECTOR GROUP LTD VGR .26.400 22.50000 593.317.70 SEE NOTE ON BAD( AS 264 ASSIGNED 06./25M1 JOURNAL TOO INC 100 1,000.000 FROM 047-30185 PER LOA TOTAL $1.405,181.30 51,159.796.20 DIVIDENDS DATE DESCRIPTION soss.cusw. GUMMY RATE (SI con AMOUNT CREDIT AMOUNT 05/31/01 CNH GLOBAL CNH 10.000 0.1000 1,000.00 REC 05/17/01 05/31/01 WH 100.00 AGENCY FEE 0024 PER FOREIGN TAX WITHHELD 06/29/01 VECTOR GROUP LTD VGR 534.071 0.4000 213.628.40 REC 06/22/01 PAY 06/29/01 TOTAL Si 00.00 5214.628.40 027 06.2401:2428 031 v481 EFTA00196530 CLEARED THROUGH ITS 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. SZeirns SON, b81 CND Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Ore Mon:tech Centec Noah Beccidon. New Ye* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 7 c/ STATEMENT PEno0 May 26.2001 THROUGH June 29.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER WESER Cfl Foe INTEREST LAST STATEMENT May 25.2001 DATE DESORPTION STMEICIUCUSIP CUMRITY RATE 1%) DEBIT AMOUNT CREPT AMOUNT 06/21/01 FROM 05/21 THRU 06/20 ®43/4% 4.7500 1,998.50 BAL 524.731 AVBAL 488.597 06/21/01 INTEREST ON CREDIT BALANCE 3.5000 312.82 AT 3 1/2% 05/21 THRU 06/20 TOTAL 5.1,998.50 5312.82 MISCELLANEOUS DATE MOAT TRANSACTel OESCRIPTON DEBJT AMOUNT CPEDIT AMOUNT 05/30/01 JOURNAL JOURNAL. FROM TYPE 270 1 688.920.70 05/30/01 JOURNAL JOURNAL FROM TYPE 2701 688.920/0 05/31/01 JOURNAL CNH GLOBAL 24.00 AGENCY PROCESSING FEE 06/01/01 CNH GLOBAL ! e 50.00 5 31 ADDin. 5 N TAX SHOULD BE 15% TOTAL WITH TOTAL 5.688394.70 5688.920.70 Your messages Confirmation: Unless we hear from you to the contrary. It is our understanding that any tree credit balances in your account are being maintained to facilitate your intention to invest such amounts through us. 027 06,300312328 001 V481 EFTA00196531 CLEARED THROUGH nS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOLPIT Ban. SOMAS Seam* Cal> Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York New York 10167 Ono Matotoch Confer Noah 8recnin. New VG* 1120/3859 STEARNS FINANCIAL TRUST COMPANY INC STATEMENT PERIOD *I 1 28. 2001 ACCOUNT EXECUTIVE CHERMAN.IRA TELEPHONE THROUGH May 25.2001 VISIT OUR WEBSITE IA1 uearstearns.com ACCOUNT NUMBER What's In This Statement IIIIIIIIIIIIIIIII II TAXPAYER NUMBER On File LAST STATEMENT *11 27.2001 Financial Summary 3 FINANCIAL TRUST COMPANY INC C/O AMERICAN YACHT HARBOR • Your Portfolio Holdings 4 6100 RED HOOK SUITE B-3 Transaction Detail 5 QUARTERS #2 Trades Not Yet Settled 7 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Important Message In an ef fort to deliver TOTAL VALUE OF SECURITIES THIS REFLOOD' 37.841.081 Cash Egwvalent _H313.I46 statements to you more $-3.396.898 efficiently. Bear Steams NET CREDIT BALANCE 313.146 has enhanced the Egunie $39.241.081 : $.1.400.000 distribution of statements $44.655.685 : 5-2.946.420 to household accounts. NET EQUITY THIS PERIOD $38.154.227 Beginning in June-all MI Current market value statements with the same NET EOUITY LAST STATEMENT 38.312.367 ME Last statements market value Address and Social Security number/ Taxpayer CHANGE SINCE LAST STATEMENT -158.140 Short market value identification number will •This portfolio (Edwin ono PI moo urpescoa socutnas fat MO me be mailed in a single reacted rs to Taal *N. of Smarm and we OR4 (poly Ths Parcel envelope. For lurther details. please contact your account executive. There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Plo.uo row oror Mance a rentocto el teas or soaks. ndicolod as clafrrorad lo you. lo allot Sanion al 800(04.1428: a vet lo nom &croon a Bow. Smarm Secumos Car.. Co. LletokHli Cala Nora. 13codbn, NY H801-3859 St fl at asT•Tanim W0OSaba.MI proposes **els not "'eroded as a law Boone Tos Kremer" amid be retained for your records Ste revers* safe for males" ipternalai 027 D5260110:08 001 W178 EFTA00196532 CLEARED 1HROUGH RS wilekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, b81 00,8. Ceol.letioloch Cantot Noah Broeklln• New Ye* 11201.3859 FINANCIAL TRUST COMPANY INC 2 ol STATEMENT BACKER IS PRINTED ON THIS PAGE 027 D52601:10:00 001 Y478 EFTA00196533 CLEARED IHRWOH ITS wuCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet Saea•ns S0N, b81 GNP. BEAR Bear. Stearns & Co. Inc. Cr.* Mem:leen Certlec Noah 245 Park Avenue Becci0/n. New Ye* 11201.3859 STEARNS New York. New York 10167 FINANCIAL TRUST COMPANY INC 3 ci STATEMENT EER000 WI 28.2001 THROUGH May 25.2001 ACCCUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER SIMMER On File RES PERIOD YEAR TO DATE THIS PERM LAST STATEMENT *11 27.2001 Opening Balance $-3.396.898.20 Dividends 265,000.00 466,109.60 Substitute Payment 0.00 69,158.80 Securities Sold 4,065,351.64 Credit Balance Int. 0.00 22,069.76 Dividends/Interest 265,000.00 Total $265,000.00 $557,338.16 Amount Credited $4.330,351.64 Margin Int. Paid -9.462.84 -46,425.10 Securities Bought -610.844.82 Dividends Interest Charged -9.462.84 Amount Debited $-620.307.66 Portfolio Composition s-cm Net Cash Activity 3,710,043.98 CashiCash Equivalent 313.146 ClosingBalance $313,145.78 Equities 1.400.000 39.241.081 Same day tension or cash balsam accost byes are not included in the mike: such Pane/era. as well as *Mb Ior al Ow Iransarlions Ms period. appear in Tr...Wren Detai Total $1.400.000 $39.554.227 Your Portfolio Allocation Cash 8 Equivalent .c1% Cash Balance Summary Short Equities OPE?% SG 3% CLOSINO Margin -3.396.898.20 313,145.78 Net Cash Balance $-3.396.898.20 $313.145.78 — Equities 96% 0, 0'0°,0 canon, 00n010 debt balance ',Ott shod male wives The olocabm percents?, is de•nnd Iron o-e Mnol.te r' *el value of loJ palioe 027 05.2801:10:08 031 v478 EFTA00196534 CLEARED THRWGH ITS ?RIMY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, bel GNP Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York, New York 10167 0-4 Mon:tech Contec Noah BecciCon. New Ye* 112013959 STEARNS FINANCIAL TRUST COMPANY INC 4 STATEMENT PERODO *11 28.2001 THROUGH May 25.2001 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER WESER On FIk LAST STATEMENT *11 27.2001 IMRICET (STOWED DESORPTION STMBOLCUSP OUANITY PRCE VALUE ANNUAL IICOIAE CASH BALANCE 313,146 TOTAL CASH & CASH EQUIVALENTS $313.146 EQUITIES Equities & Options ADC! IMFECET ESTIMATE-0 WN ' DESORPTION S1MBOUCUSIP TYPE OLIANTITY PRCE VALUE ANNUAL INCOME YEW IY4 BOSTON PROPERTIES INC BXP MRGN 500.000 40.4200 20,210.000 1.160.000 5.7397 CNH GLOBAL CNH MRGN 94.000 6.8900 647.660 51,888 8.0116 TELIGENT INC-CL A TGNOE CASH 60.000 0.5600 33.600 VECTOR GROUP LTD VGR MRGN 560.471 32.7400 18.349,821 896,754 4.8870 CALL VECTOR GROUP JUN 030AMEX VGRF30 MRGN -1.000 3.7000 -370,000 ET 06/16/2001 CALL VECTOR GROUP AUG22.50AMEX VGRH22 MRGN -1.000 10.1000 -1.010.000 DP OW18/2001 CALL VECTOR GROUP AUG 030AMEX VGRH30 MRGN -40 5.0000 -20.000 Be 08/18/2001 SENTIGEN HOLDING CP RSTD CASH 333.334 Unviced Total Equities& Options $37,841,081 $2,108,642 TOTAL EQUITIES $37,841,081 $2,108,642 YOUR TOTAL ESTIMATED ANNUAL INCOME $2.108.642 YOUR PRICED PORTFOLIOHOLDINGS $38.154,226 02/ 0S2031:IDOB 031 V470 EFTA00196535 CLEARED THROUGH ITS niCkLY CAMEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC.r.t.91 Gap. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New YY New York 10167 Ore Montech Oardec Noah Beccidon. New TO. 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 5 STATEMENT PER100 &XII 28.2001 THROUGH May 25.2001 Transaction Detail ACCOUNT NUMBER TAXPAYER WESER OR File INVESTMENT ACTIVITY LAST STATEMENT AO 27.2001 SETTLEMENT 10.40E DATE DATE "RANSACTION DESORPTION STME/OLCUSIP CVANTITY viva DEBIT AMOUNT CREPT AMOUNT 04/30/01 04/25/01 SOLD CHILDRENS PLACE RETAIL STORES PLCE -10.000 22.68000 225,189.94 INC UNSOUCITED b4rXvbi 6,05/61 tritS 1-olongfu§itkot AMR. §Y6kEt het' - .700 .e1190 511. 5.19 INC UNSOLICITED AVG PRICE: DETAILS ON REQUEST 05/01/01 04/26/01 SOLD CHILDRENS PLACE RETAIL STORES PLCE -27.300 22.65730 618883.17 INC UNSOLICITED AVG PRICE: DETAILS ON RECUEST 05/01/01 04/27/01 SOLD VECTOR GROUP LTD VGR -500 20.00000 9847.16 SEE ' • ON BACK NE 5 ASSIGNED 05/10/01 RECEIVED SENTIGEN HOLDING CP RSTD 333. 05/11/01 05/08/01 BOUGHT CNH GLOBAL CNH 10.000 5.80000 58.602.50 UNSOUCRED 05/14/01 05/11/01 SOLD CALL VECTOR GROUP AUG 030AMEX 40 4.40000 17.456.91 EXP 08118/2001 OPEN CONTRACT AS OF 05111/01 05/14/01 05/11/01 SOLD CALL VECTOR GROUP JUN 030 AMEX •1.000 3.08600 308087.21 EXP 06/16/2001 UNSOUCRED CLOSING CONTRACT 051581 04,2781 CANCEL SELL VECTOR GROUP LTD VGR 500 20 00000 9.947.16 SEE ON BACK NE 5 ASSIGNED NO 1/01 AS OF 04/27/01 TO CC_ PREVIOUS SELL 05/15/01 04/27/01 SOLD VECTOR GROUP LTD VGR -500 20.00000 9,984.66 SEEIllik ON BACK NE 5 ASSIGNED ORI 0510181 AS OF 04/27/01 027 C05,26,01:10:08 001 V078 EFTA00196536 CLEARED THROUGH ITS wilekLY 0%M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, b81 Cap. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Ore Montech Oardec Noah Beccidon. New Year 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 6 c/ STATEMENT PER000 &XII 28.2001 THROUGH May 25.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER WESER Cfl File INVESTMENT ACTIVITY (continued) LAST STATEMENT April 27.2001 SETTLEMENT TRADE DATE DATE TRANSACTION CESORPTION SY1A3OUCLISP OVANTITI PRICE DEBIT AMOUNT CREDIT AMOcNT 05/16/01 04/27/01 CANCEL SELL VECTOR GROUP LTD VGR 500 20.00000 9.984.66 SEEn iON BACK At 5 ASSIGNED ORIGI 05/01/01 AM VD 05/15401 AS OF 04/27/01 TO CXL PREVIOUS SELL 05/16/01 04/27/01 SOLD VECTOR GROUP LTD VGR -500 20.00000 9.947.16 SEE ON BMX AE 5 ASSIGNED ORIGINAL VD 0901/01 AS OF 04)27/01 05/16/01 05111/01 SOLD VECTOR GROUP LTD VGR -6,100 31.00410 188.75020 UNSOLICITED SEE NOTE '5' ON BACK 05/21/01 JOURNAL CALL VECTOR GROUP MAY 020AMEX 1.086 EXP 1 A/E ASSIGNED 01607 05/23/01 05/21/01 SOLD VECTOR GROUP LTD VGR -108,600 20.00000 2.169.210.10 SEE NOTE '5' ON BACK AE 1086 ASSIGNED 05/25101 05/22/01 BOUGHT CNH GLOBAL CNH 84.000 6.27700 532.310.50 UNSOLICITED TOTAL $-610.844.82 $4.065.351.64 DIVIDENDS DATE DESORPTION STME/WOUSIP CVANTITY RATE (S) CENT AMOUNT CIRECIT MAC(1141 04/30/01 BOSTON PROPERTIES INC EIXP 500.000 0.5300 265.000.00 REC 0213001 PAY 04/3001 TOTAL $265.000.00 027 OS.26O1:1O:O8 031 V078 EFTA00196537 CLEARED THROUGH ITS ~Owl O‘P.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Stearns Ø. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New YY New York 10167 Cr.* MoveIcon Canto< Noah Beech/pl. New Ye" 112014859 STD;RNS FINANCIAL TRUST COMPANY INC 7 STATEMENT PERIOD *11 28.2001 THROUGH May 25.2001 Transaction Detail (continued) ACCCUP NUMBER TAXPAYER WIPER On File INTEREST LAST STATEMENT April 27.2001 DATE DESORPTION smeoucusw Ouakany RATE l%1 DEBIT AMOUNT CREDIT AMOUNT 05/21/01 FROM 05/15 THRU 05/20 @4314% 4.7500 1,065.38 BAL 1314,290 AYBAL 1345.743 05/21/01 FROM 04/21 THRU 05/14 ®51/4% 5.2500 8,397.46 BAL 1768,041 AYBAL 2399.273 TOTAL $-9,462.84 MISCELLANEOUS DATE MOW TRANSACTel DESCRIPDON DEBIT AMOUNT CREW MADuNT 05/16/01 JOURNAL JOURNAL FROM TYPE 1TO 2 265,000.00 05/16/01 JOURNAL JOURNAL FROM TYPE 1 TO 2 265.000.00 TOTAL $-265,000.00 $265.000.00 Trades Executed Pending Settlement SETTLEMENT TRADE DATE DATE TRANSACT/3N DESCRIPTION SYMOOLCUS. OUMITITY PROS DEBIT AMOUNT CREPT AMOUNT 05/29/01 05/23/01 BOUGHT CNH GLOBAL CNH 3,000.00 6.4200 19,442.50 05/29/01 05/23/01 BOUGHT CNH GLOBAL CNH 3,000.00 6.4753 19,605.90 05/30/01 05/24/01 BOUGHT CNH GLOBAL CNH 102.000.00 6.6941 688,920.70 05/31/01 05125,101 BOUGHT CNH GLOBAL Mr. CNH 48.000.00 6.6839 323.709.70 TOTAL $1,051,678.80 $0.00 The chore emles dp nei pew In eery Mix« section el MP Ilileart« 027 0&26/01:10:01 001 V470 EFTA00196538 CLEARED IHRCOGH ITS wuCkLY 0"ED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bea. SZoo•ns SOO‘riliel Ø. BffiR Bear. Stearns 8 Co. Inc. Cc* Llasoleeh Cadet North 245 Park Avenue Beak/pl. New Tea 11201.3859 STffiRNS New York, New York 10167 FINANCIAL TRUST COMPANY INC STATEMENT PER« March 31.2001 ACCOUNT EYELTVE G:;:!-IERMAN.IRA TELEPHONE THROUGH Apra 27.2001 VISIT OUR WEEISITE ii/A1 uearstearns.corn ACCOUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER AVIEIER OR File LAST STATEMENT mum 30.2001 FINANCIAL TRUST COMPANY INC Financial Summary 3 4 C/O AMERICAN YACHT HARBOR Your Portfolio Holdings 6100 RED HOOK SUITE B-3 Transaction Detail 5 QUARTERS #2 Trades Not Yet Settled 6 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash a Equvalent $3 396.898 TOTAL VALUE OF SECUFIMES THIS PERM 41,709,265 $4.283.402 NET DEBIT BALANCE -3,396,898 $44.655.685 : $-2.946.420 Equities $34.889,731 : $-352.290 NET EQUITY THIS PERIOD $38,312,367 Current market value NET EQUITY LAST STATEMENT 31,254,039 §ffla Lest statement's market value Short market value CHANGE SINCE LAST STATEMENT 7.058.328 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roza capon onI difikOM& a ~woe.« ol ~As or ~Xs, edieolal as dcateral lo p:u. Sit This WITAXTY 18 den/Mu:eel ptmosts orey ahem .landedHOW dearn•rt Choni Sampan ol 800(34442B a veto 10 Clem Soma» M Bow. Steam &cum« Statoenora should barrens for your records See moms.» for emanate ~me Caw Co, Metolea, Cowls( Naa. Broabw, NY. II201-3959. 027 04,2801:17:05 001 Y471 EFTA00196539 CLEARED 1HROUGH RS 0"E0 SUBSIDIARY Beer. Saea•ns SON, bel 00,0 0 -41.1evetech Cantet Noah Broeklln• New Ye* 112014869 FINANCIAL TRUST COMPANY INC 2 el STATEMENT BACKER IS PRINTED ON THIS PAGE 02? 042601:17:DS 001 V471 EFTA00196540 CLEARED IHRWOH ITS vniCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeIrns S0Nvbel GNP. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Ore Mevolech Cella Noah Beccidon. New Year 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 3 STATEMENT PER100 March 31.2001 THROUGH WI 27.2001 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER m.m3ER On File TIC PERIOD YEAR TO DATE THIS PEFICO LAST STATEMENT March 30.2001 Opening Balance $a283A01S3 Dividends 0.00 201,109.60 Substitute Payment 0.00 69,158.80 Securities Sold 316,486.83 Credit Balance Int. 0.00 22,069.76 Amount Credited $316,486.83 Total $0.00 $292,338.16 Securities Bought -413.502.50 Margin Int. Paid -16,480.70 -36,962.26 Dividends/Interest Charged -16.480.70 Amount Debited $-429.983.20 Net Cash Activity Portfolio Composition -113,496.37 SHORT LOND ClosingBalance $-3 396 898.20 Cash/Cash Equivalent 3.396.898 Equities 2.946.420 44.655,685 Total $6,343,318 $44,655,685 Your Portfolio Cash Balance Summary Allocation cL0911a1 rt -3.283.401.83 -3,396498.20 Short Cash 8, Equivalent 6% Net Cash Balance 9-3.283.401.83 9-3.396.898.20 Short Equities 5% — Equities 89% Unflde0 croons °ono* oar 0lonce *NW Vu•I market Wag, MO IslOtAhr. 4/menu,' m clewed km to tI0S0Lte Markel rat), el ,/v palloo 027 042801:17:08 001 V471 EFTA00196541 CLEARED THROUGH ITS OHnEO SUBSIDIARY OFFICE SERViCiNG YOUR ACCOUNT Beer. SZeirns SOC,M*1 GOO. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Ore Mevolech Cantet Noah Beccicon. New Year 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 4 vi STATEMENT PERK* March 31.2001 THROUGH WI 27.2001 Your Portfolio Holdings ACCCUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER NUUSER On File LAST STATEMENT Mardi 30.2001 PAARKET (STRIATED DESORPTION STMEIOLCUSP OUANTITY PACE VALUE ANNUAL tiCOIAE CASH BALANCE -3.396,898 TOTAL CASH & CASH EQUIVALENTS $-3.396.898 EQUITIES Equities & Options ACCT IMFOCE1 ESTMATE0 Clow DESORPTION SYMB0UDJSP TYPE OUANTiTY PACE VALUE ANNUAL “COIAE Yen BOSTON PROPERTIES INC BXP MRGN 500.000 39.1800 19.590.000 1.060.000 5.4109 CHILDRENS PLACE RETAIL STORES PLCE MRGN 60.000 23.1500 1.389.000 INC TEUGENT INC-CL A TGNT CASH 60.000 0.4700 28,200 VECTOR GROUP LTD VGR MRGN 675.671 35.0000 23.648,485 1.081,074 4.5714 CALL VECTOR GROUP MAY 020AMEX VGRE20 MRGN -1.086 14.7000 -1.596,420 ee 05/19/2001 CALL VECTOR GROUP AUG22.50AMEX VGRH22 MRGN -1.000 13.5000 -1.350.000 Be 08/18/2001 Total Equities& Options $41.709.265 $2.141.074 TOTAL EQUITIES $41.709.265 52.141.074 YOUR TOTAL ESTIMATED ANNUAL INCOME $2,141.074 YOUR PRICED PORTFOLIOHOLDINGS $38.312.366 027 04260I:17:DS 001 V471 EFTA00196542 CLEARED THRWGH ITS wHOLLY OHT,P0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BHP. Szeirns SOC.,4*1 Gap. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Ore Mevoiech Cant“ Noah &wort New Year 11201 3959 STEARNS FINANCIAL TRUST COMPANY INC 5 c/ STATEMENT PERIOD Muth 31.2001 THROUGH ADM 27.2001 Transaction Detail ACCCUNT NUMBER TAXPAYER WIPER On Fite INVESTMENT ACTIVITY LAST STATEMENT March 30.2001 SETTLEMENT TRADE DATE DATE TRANSACTION CESCRPTION STMEIOLCUSIP cownw pRIEE DEEP AMOUNT MOT PAOLNT 04/11/01 JOURNAL BOSTON PROPERTIES INC BXP -500.000 JOURNAL FROM TYPE 1 T02 04/11/01 JOURNAL CHILDRENS PLACE RETAIL STORES PLCE -60,000 INC JOURNAL FROM TYPE 1 TO 2 04/11/01 JOURNAL BOSTON PROPERTIES INC BXP 500.000 JOURNAL FROM TYPE 1 T02 b4/11/61 JOURNAL ali:55615TEKeranfr5Y6kEt !slit 60.000 MC JOURNAL FROM TYPE I TO 2 04/17/61 04/16101 L oflolinlidffEgOAKItit 1.000 3.20000 316.486.8 EXP 08118/2001 UNSOUCITF_D OPEN CONTRACT 04/17/01 04/16101 BOUGHT CALL VECTOR GROUP APR 020AMEX 1.000 4.10000 413.50230 EXP 04/21/2001 UNSOUCIIED CLOSING CONTRACT 04/27/01 JOURNAL CALL VECTOR GROUP MAY 020AMEX 5 EA'Xr ilillarA ISSIGNED 00002 TOTAL $413502.50 $316.486.83 INTEREST DATE OESCRPTION STMEIWCUSIP WIARITT RATE l%4 DEBIT AMOUNT CREDIT AMOUNT 04/23/01 FROM 04/18 THRU 04/20 ®51/4% 5.2500 1,478.93 BAL 3380.417 AVBAL 3380.417 04/23/01 FROM 03121 THRU 04/17 ®53/4% 5.7500 15.001.77 BAL 3380.417 AVBAL 3354.433 TOTAL 5.16.480.70 027 04/2601:17:DS 001 V471 EFTA00196543 CLEARED THROUGH ITS YiHMV ChM.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SOC,ntKof Cap. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 0 -4Mo:elect+ Contec Noah Beccidon. New Tuft 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 6 v/ STATEMENT PERK* MUM 31.2001 THROUGH WI 27.2001 ACCCUNT NUMBER Trades Executed Pending Settlement TAXPAYER IMAISER On FIIB LAST STATEMENT March 30.2001 SETTLEMENT TRADE DATE DATE TRANSACI1ON DESCRIPTION ST1A301XUSIP %MARIN PRICE DERE AMOUNT GRECO MoICVNT 04/30/01 04/25/01 CHILDREN -10.000.00 22.6800 226,189.94 INC 04/30/01 04/25/01 SOLD CHILDRENS PLACE RETAIL STORES PLCE -22,700.00 22.6112 511,895.13 INC 05/01/01 04/26/01 SOLD CHILDRENS PLACE RETAIL STORES PLCE -27,300.00 22.6573 616.883.17 INC 05/01/01 04/27/01 SOLD VECTOR GROUP LTD VGR -500.00 20 9.947.16 TOTAL S0.00 61.364.915.40 Theo chow Intel do not ;pm in say ow eaban or Iho Maleintet End of Statement 027 04/2801:17:05 001 V471 EFTA00196544 CLEARED IHRCOGH ITS WHOLLY 01MYED SUBSIDIARY OFFICE SERVICING YOUR ACOOLLIT Beer. SOMAS SO•uillt• Cap. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Ono liatotech Coma North Elecck4n. Nay Vet* 1120/.3859 STEARNS FINANCIAL TRUST COMPANY INC STATEMENT PERIOD February 24.2001 ACCOUNT EXECUTIVE ZIC,HERMAN.IRA TELEPHONE THROUGH March 30.2001 VISIT OUR WEBSITE ITIAV uea'stearrs.coni ACCOLM NUMBER What's In This Statement 11111111111111111 II TAXPAYER NUMBER 660-56-7418 LAST STATEMENT February 23.2001 Financial Summary 3 FINANCIAL TRUST COMPANY INC CIO AMERICAN YACHT HARBOR • Your Portfolio Holdings 4 6100 RED HOOK SUITE 8-3 Transaction Detail 5 QUARTERS #2 Your Messages 7 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Important Notice DecimalTrading is Here for Cash 8 Eguvalent S-3.283.402 TOTAL VALUE OF SECURITIES THIS PERADD 34.537.441 Nasdaq! I $.4 270 779 Decimal Trading is the shift NET DEBIT BALANCE -3.283.402 from fractional pricing Equities 634.889.731 : $452.290 mail 536.644.933 : S-595.730 (e.g.21 1r2) to decimal NET EQUITY THIS PERIOD $31.254.039 pricing (e.g.621.50)1,3r MO Current market value equities and options. Nasdaq securities have NET EOUITY LAST STATEMENT 31.778.424 IN Last statements market value been phased in during March CHANGE SINCE LAST STATEMENT -524.385 Short market value and the remaining securities are scheduled to be trading in decimals in April. There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. For details. visit our website at www.bearstearns. com. Roza row oror cliforacoo a rooroctia of twits or stocks. °Moog4 as clottroati to you. Tta Sowersa for infcnnahanal Deposes say els rxe derided as a taw do art lo Gent sonic*. al 800614.1428: a %no lo ChM Soak.. a BOW. Steam &canes TMs staternere should boreal for yew records See renew We fsc wooden rdermaton ewe.. One Lletolah Cala North. Brodbly NY 112014859 027 oadi.01:17:01 001 V466 EFTA00196545 CLEARED 1HROUGH RS wilekLY 0"60 SUBSIDIARY Beer. Saea•ns SON, b81 60,6 0 -41.1etioloch Cantot Noah Brocklln• New VC* 11201.3859 FINANCIAL TRUST COMPANY INC 2 ol STATEMENT BACKER IS PRINTED ON THIS PAGE 027 03/31,131:17:01 001 V466 EFTA00196546 CLEARED THROUGH ITS vniCtLY (A1e.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Best. Steens Seeonhet GNP. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Ore Mete:leen Centet NOM Steck/0n. New VC* 11201.38S9 STEARNS FINANCIAL TRUST COMPANY INC 3 si STATEMENT PER100 February 24.2001 THROUGH Muth 30.2001 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER NUIT3ER 660-56.74 18 mtS HMCO YEAR TO DATE THIS PEPo00 LAST STATEMENT February 23.2001 Opening Balance Dividends 201.109.60 201,109.60 5-4.270,779.33 Substitute Payment 69.158.80 69,158.80 Securities Sold 800,593.16 Credit Balance Int. 0.00 22,069.76 Dividends/Interest 201.109.60 Total 8270.268.40 $292.338.16 Miscellaneous 1.069.158.80 Margin Int. Paid -20.481.56 -20.481.56 Amount Credited $2.070.861.56 Securities Bought -63.002.50 Dividends/Interest Charged -20.48t56 Portfolio Composition Miscellaneous -1.000.000.00 sOOer 1.060 Amount Debited $-1,083.484.06 CashiCash Equivalent 3,283.402 Equities 352.290 34.889.731 Net Cash Activity 987.377.50 Total $3.635.692 $34,889.731 Your Portfolio Closing8atance $-3 283 401.83 Allocation Same dat tensions ce cash belneen accost lypee we not mein:led in lnh section. w0, Ironton. as Nell SS oriole lo• at One transmit:as els mod. appear on Trareacecn Omar Short Cash 8, Equivalent-- 8X Shod Equtes c1% Cash Balance Summary OPENING CLOSINO Margin -4,270,779.33 -3,283.401.83 Net Cash Balance 5-4.270.779.33 5.3.283.401.83 — Equities 91% Unshaded ro,00, 1, (Noose oat seam.• 0, CIV motto WAAL, The elorahr ;events", is de•ned hem tee atnotxe manna ratoe ci >ev pornoaa 027 03/31.1)1:17:01 001 v466 EFTA00196547 CLEARED THROUGH ITS niCkLY CA1h.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SOC,r4M1 CotP. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 0-41km:tech Ow:1N Noah Beccidon. New Year I I201.38S9 STEARNS FINANCIAL TRUST COMPANY INC 4 c, STATEMENT PERKIO February 24.2001 THROUGH March 30.2001 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER NUMBER 660.567418 LAST STATEMENT February 23.2001 IMRKET (STRIATED DESORPTION STMOOLCUSP OUANTITY PACE VALUE ANNUAL BICOIAE CASH BALANCE -3.283,402 TOTAL CASH & CASH EQUIVALENTS $-3.283.402 EQUITIES Equities & Options ACCT MARKET Emmy UMW DESORPTION SYMBOL:CUSP TYPE OUANTiTY PACE VALUE ANNUAL INCOME VELD DM BOSTON PROPERTIES INC BXP CASH 500.000 38.4500 19.225.000 1.060.000 5.5137 CHILDRENS PLACE RETAIL STORES PLCE CASH 60.000 24.0000 1.440.000 INC TELIGENT INC-CL A TGNT CASH 60.000 0.5940 35,640 VECTOR GROUP LTD VGR MRGN 675.671 21.0000 14.189,091 1.081,074 7.6191 CALL VECTOR GROUP APR 020AMEX VGRD20 MRGN -1.000 1.4500 -145,000 SIP 04/21/2001 CALL VECTOR GROUP MAY 020AMEX VGRE20 MRGN -1.091 1.9000 -207.290 I301 05119/2001 Total Equities& Options $34.537,441 $2.141.074 TOTAL EQUITIES $34537,441 $2.141.074 YOUR TOTAL ESTIMATED ANNUAL INCOME $2.141.074 YOUR PRICED PORTFOLIOHOLDINGS $31.254,039 027 maim 17:01 001 V4B6 EFTA00196548 CLEARED THROUGH ITS wHONLY OHnEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. 5TO-in SON-4.41 GYP. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Ore Momtech Oardec Noah Beccioon. New Year 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 5 v/ STATEMENT PERIOD FNMAly 24.2001 THROUGH March 30.2001 Transaction Detail ACCOUNT NUMBER TAXPAYER NUMBER 660.567418 INVESTMENT ACTIVITY LAST STATEMENT February 23. 2001 SETTLEMENT TRADE DATE DATE TRANSACT/ON DESCRIPTION SYTABOLCUSP 0Awrir, PRCE DEBIT AMOUNT CTED1 A/IOLNT 03/14/01 03/13/01 SOLD CALL VECTOR GROUP APR 020AMEX -1.000 1.05000 101.494.00 EXP 04121/2001 UNSOLICITED OPEN CONTRACT 03/14/01 03/13/01 BOUGHT CALL VECTOR GROUP MAR 020AMEX 1.000 0.60000 63.00250 EXP 03+17/2001 UNSOLICITED CLOSING CONTRACT 03/19/01 JOURNAL CALL VECTOR GROUP MAR 020AMEX 350 EXP 1 AS ASSIGNED 00274 03121/01 03/19/01 SOLD VECTOR GROUP LTD VGR -35,000 20.00000 699.099.16 AE 350 ASSIGNED TOTAL 5-63.002.50 $800.593.16 DIVIDENDS DATE DESCRIPTION STIABWOUSIP OUMM11( RATE 41 DEBT AMOUNT CREDIT AMOUNT 03/28/01 VECTOR GROUP LTD VGR 502,774 0.4000 201,10560 REC 03/21/01 PAY 032801 TOTAL $201.109.60 SUBSTITUTE PAYMENTS DATE DESCRIPTION STIABWOUSIP CVANTITY RATE if° DEBIT AMOUR' CREDIT AMOUNT 03/28/01 VECTOR GROUP LTD VGR 69,158.80 N8W3f11,0p1M938,41 TOTAL $69.158.80 027 n31.01:17:01 001 V466 EFTA00196549 CLEARED THROUGH ITS wisC5LY OHNE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. Szea•ns SONA.581 GOP. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 O-4 Metsciech Cantec Noah Betatron. New Ye* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 6 c/ STATEMENT PERKO February 24.2001 THROUGH March 30.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER MASSER 66O.56.7418 INTEREST LAST STATEMENT Febeuary 23.2001 DOTE DESORPTION STMEICUOUSIP OUANTITY RATE IN) DEBIT AMOUNT CREDIT AMOUNT 03/21/01 FROM 03/20 THRU 03/20 053+4% 5.7500 675.99 BAL 4232.287 AYBAL 4232.287 03/21/01 FROM 02/21 THRU 03(19 ®6114% 6.2500 19,805.57 BAL 4232.287 AYBAL 4225.188 TOTAL $-20,481.56 MISCELLANEOUS DATE WON, TRAAISACTel DESCRIPTOR DEBIT AMOUNT CREDIT AMOUNT 03/12/01 JOURNAL JOURNAL FROM TYPE 1T02 1.000.000.00 03/12/01 JOURNAL FROM 1.000.000.00 03/12101 JOURNAL JOURNAL FROM TYPE 1 TO 2 1.000.000.00 03/13/01 JOURNAL TO 1.000.000.00 TOTAL 3-2,000,000.00 $2.000.000.00 027 osaimi:17:01 DDT V488 EFTA00196550 CLEARED THROUGH ITS wilekLY OHnEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet S1e9•ns SOC.M*1 GNP. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Ore Momtech CarrIN Noah &Woo. New Ye* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 7 v/ STATEMENT PERK* February 24.2001 THROUGH March 30.2001 ACCOUNT NUMBER TAXPAYER KINSER 660.56.7418 Your messages LAST STATEMENT Febivaly 23.2001 Bear, Stearns Securities Corp. Net Capital and Net Capital Requirements: At November 30, 2000 and January 26, 2001, the Companys net capital of $2,620,960,000 and $2,761,817,000 was approximately 9% and 10% of aggregate debit items and exceeded the minimum regulatory net capital requirement of $572,456,000 and $559,381,000 by $2,048,504,000 and $2,202,436,000, all respectively. A complete copy of the Bear, Steams Securities Corp. Statement of Financial Condition is available on the web site www.bearstearns.com. Alternatively, to request a free printed copy please call • toll free 1.866.299.9331. End of Statement 027 COI/31,01:17:01 001 V466 EFTA00196551 CLEARED THRCOGH rrs witekly 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. &towns SON•ititt COrP Bear. Stearns & Co. Inc. BEAR 245 Path Avenue New York, New York 10167 G- o Mem:tech Cord HMO en:Ck/01. Hew Tent 1120/3859 STEARNS FINANCIAL TRUST COMPANY INC STATEMENT PERM January 27.2001 ACCOUNT EXECUTIVE LICHERMAN.IRA TELEPHONE THROUGH February 23.2001 VISIT OUR WESSITE IA1 uearstearrts.com ACCOUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER AANSER 660-56-7418 LAST STATEMENT January 26.2001 Financial Summary 3 FINANCIAL TRUST COMPANY INC 4 CIO AMERICAN YACHT HARBOR • Your Portfolio Holdings 6100 RED HOOK SUITE 8-3 Transaction Detail 5 QUARTERS #2 Your Messages 8 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio $-4 270.779 TOTAL VALUE OF SECURITIES THIS PERIOD 36,049,203 Cash S Equvalent I- 20.421 NET DEBIT BALANCE -4,270,779 $36.644.933 : $-595.730 Equities $15.016,683 : $-117.240 NET EQUITY THIS PERIOD $31,778,424 MO Current market value itE Last statements market value NET EQUITY LAST STATEMENT 15,059,764 C Short market value CHANGE SINCE LAST STATEMENT 16,718,660 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Plena repot oror dIroronoo or Doormat:1 of nd's or stocks. onicolod as &dread to Lou. Ate/. iNs annITY a br miOrmannal pcmoses a sista .land as a Is. &one lo Clem Sonion 01 800611.14211: or 'Mt to Clem SONIC.). M Bow. Smarm Sccumos TIT Ration should be maned for your records Set reverse a for rearm awns= Can.. Co. 1.1t*oltwn Cowls, Honh. Broonyn. NY 112014859 02T 02,24.01:20:02 001 EFTA00196552 CLEARED 1HROUGH RS wilekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, b81 00,0 Ceol.levalech Cantet Noah Broeklln• New Ye* 11201.3859 FINANCIAL TRUST COMPANY INC 2 ale STATEMENT BACKER IS PRINTED ON THIS PAGE 02? 02,24,01:20:42 001 EFTA00196553 CLEARED THROUGH ITS vtioCkLY OBBE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Steens S0Corotnol Cap. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Cc* Mevolech Cella Noah Becek/on. New Tent I1201.38S9 STEARNS FINANCIAL TRUST COMPANY INC 3 STATEMENT PERl00 January 27.2001 THROUGH February 23.2001 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER AJAR 660-56.7418 THIS PERICO OPENN3 CLOSING LAST STATEMENT January 26.2001 Opening Balance $160,421.16 Cash 160.42116 0.00 Securities Sold 1,195,456.89 Margin 0.00 -4.270,779.33 Funds Deposited 14,504,392.82 Net Cash Balance $160.421.16 6-4.270,779.33 Dividendsllnterest 14,792.30 Amount Credited $15,714,642.01 Securities Bought -195.842.50 Income Summary DC PERIOD YEAR TO DATE Funds Withdrawn -19,950,000.00 Credit Balance Int. 14.792.30 22,069.76 Amount Debited 6-20.145.842.50 Total $14,792.30 $22,069.76 Net Cash Activity -4,431.200.49 Closing Balance $-4,270.779.33 Same der tanners s cosh belacen accost Imes ate not included in we Your Portfolio section: such Iranefera as nen as details lot as ore Iransoclare As penal. Portfolio Composition Allocation appeal in Transaction Dotal. SNORT CashICash Equivalent 4,270.779 Shun Cash & Equivalent Equities 595,730 36.644,933 10% Short Equities I% Total 64.866.509 $36.644.933 — Equities 89% Unshaded croons echo* oat elacce *NW thool marks vete; Re elocahro irrtenur is Octet, was Int atosetm market nob, of toy porno" 02? 02,24.01:20:42 001 EFTA00196554 CLEARED 1HR0UGH ITS olisekLY OnT.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Stenos SO8r4.81 GNP. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York, New York 10167 0re Menoicon Canto Noah Beccioon. New Ton 11201.3869 STEARNS FINANCIAL TRUST COMPANY INC 4 0 .” STATEMENT PERK* January 27.2001 THROUGH February 23.2001 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER 18.1493ER 660-56.7418 LAST STATEMENT January 26.2001 IMPOCET (STOWED DESORPTION SYMBOLOUSP OUAN3TT PRCE VALUE ANNUAL IICOIAE CASH BALANCE -4.270,779 TOTAL CASH & CASH EQUIVALENTS $-4.270.779 EQUITIES Equities & Options ACC! IMFOCET ESTIMATED CAPIRENI DESORPTION SYMBOL:CUSP TYPE OLIAAMTY PRCE VALUE ANNUM. INCOME VELD ITN BOSTON PROPERTIES INC BXP CASH 500,000 40.2000 20.100.000 1.060.000 5.2736 CHILDRENS PLACE RETAIL STORES PLCE CASH 60,000 21.1250 1.267.500 INC TEUGENT INC-CL A TGNT CASH 60.000 1.6250 97,500 VECTOR GROUP LTD VGR MRGN 710.671 21.3600 15.179.933 1.137,074 7.4906 CALL VECTOR GROUP MAR 020 AMEX VGRC20 MRGN -1.350 2.1500 -290.250 IDP 03117/2001 CALL VECTOR GROUP MAY 020AMEX VGRE20 MRGN -1.091 2S000 -305.480 06:19,2001 Total Equities& Options $36,049,203 $2.197.074 TOTAL EQUITIES $36,049,203 $2.197.074 YOUR TOTAL ESTIMATED ANNUAL INCOME 52.197.074 YOUR PRICED PORTFOLIOHOLDINGS $31.778.423 027 02,24,01:20912 001 EFTA00196555 CLEARED THROUGH in miserly OWLE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet Means SAGAMI GOO. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Ore Metrairch Center Noah Becciorn. New Tent 11201.3869 STEARNS FINANCIAL TRUST COMPANY INC 5 v./ v. STATEMENT PERK* January 27.2001 THROUGH Papuan( 23.2001 Transaction Detail ACCOUNT NUMBER TAXPAYER KAMER 660-56.7418 INVESTMENT ACTIVITY LAST STATEMENT January 26.2001 SETTLEMENT TRADE DATE DATE TRANSACT/ON DESCRIPTION SYMEIO CUSP CAMAINT, plYCE DEBIT AMOUNT CREMT AMOUNT 01/29/01 01/26/01 SOLD CALL VECTOR GROUP MAR 020AMEX -350 1 01790 34,397.81 EXP 03117/2001 CUSIP NUMBER TO FOLLOW. UNSOLICITED OPEN CONTRACT 1 'REMO AgatilitirerfoggftiTLYt5 A X 15.000 CL A 0015 01/30/01 01/25/01 SOLD ASIA GLOBAL CROSSING LTD AGCX .15.000 8.28580 124.280.35 CL A UNSOUCIIED WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REOUEST UNIT PRICE 8.345800 DEFERENCE - 0.060000 01/30/01 01/29/01 SOLD CALL VECTOR GROUP MAR 020AMEX -1.000 0.80000 77.494.83 EXP 03/17/2001 UNSOUCIIED OPEN CONTRACT 01/31/01 01/26/01 SOLD ASIA GLOBAL CROSSING LTD AGCX 25.000 9.05250 226.302.45 CL A UNSOUCIIED WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REOUEST UNIT PRICE 9.112500 OFFEREACE - 0.060000 01/31/01 RECEIVED ASIA GLOBAL CROSSING LTD AGCX 85.000 CL A 0015 02/01/01 01/29/01 SOLD ASIA GLOBAL CROSSING LTD AGCX .60.000 8.70040 522.004.09 CL A UNSOUCIIED WE MAKE A MKT P4 THIS SECURITY AVG PRICE: DETAILS ON REOUEST UNIT PRICE 8.760400 OFFEREhCE - 0.060000 027 02/24,01:20:42 001 EFTA00196556 CLEARED THROUGH US vng*LY OHM° SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeirm SOCvsbel Got.. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Ore Met:Limn Cantet Noah &Wort New Ye* 11201 3959 STEARNS FINANCIAL TRUST COMPANY INC 6 STATEMENT PERK* January 27.2001 THROUGH February 23.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER KAMER 660-56.7416 INVESTMENT ACTIVITY (continued) LAST STATEMENT January 26.2001 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION SUMO.CUSP ClIANTITY PLACE DEBIT AMOUNT CREMT MONO 02/12/01 02/09101 BOUGHT CALL VECTOR GROUP FEB 019AMEX 1,020 1.80000 195,842.50 DJ 5% STOCK DIVIDEND EXP 02/17/2001 UNSOLICITED CLOSING CONTRACT bariathi 6±44/oi MIL Ma Mails MAY 3bi lk ME' -1,671 2.00000 10. 77. 6 EXP 05/1912001 UNSOUCIIED OPEN CONTRACT 02/21/01 RECEIVED BOSTON PROPERTIES INC BXP 500,000 OWAC 02/21/01 JOURNAL VECTOR GROUP LTD VGR 710,671 JOURNAL FROM TYPE I TO 2 02/21/01 JOURNAL CALL VECTOR GROUP MAR 020AMEX 1,350 EXP 03/17/2001 JOURNAL FROM TYPE 2 TO 02121/01 JOURNAL CALL VECTOR GROUP MAY 020 AMEX 1.091 EXP 05/1912001 JOURNAL FROM TYPE 2 TO 1 02/21101 JOURNAL VECTOR GROUP LTD VGR 710.671 JOURNAL FROM TYPE 1 TO 2 02121/01 JOURNAL CALL VECTOR GROUP MAR 020AMEX -1,350 EXP 03/17/2001 JOURNAL FROM TYPE 2 TO 1 02/21/01 JOURNAL CALL VECTOR GROUP MAY 020AMEX -1.091 EXP 05/1912001 JOURNAL FROM TYPE 2 TO I TOTAL $-195.842.50 $1.195.456.89 02T 02/2441:20:42 001 EFTA00196557 CLEARED THROUGH In vn1OUY OHNE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeirns SOOMMI Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Cue Metrairch Center Nona &worn. New Year m2014869 STEARNS FINANCIAL TRUST COMPANY INC 7 c/ STATEMENT PERIOD January 27.2001 THROUGH February 23.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMMER 660-56-7418 DEPOSITS AND WITHDRAWALS LAST STATEMENT January 26.2001 DATE TRMISACTCN DESCRPION GEM 0.101.6r CREDIT AMOUNT 02/05/01 FUNDS REC TO CITIBANK FROM 4,392.82 02116/01 FUNDS REC FNDS.WIBED TO CITIBANK FROM 14.500.000.00 02121/01 END WIRED OWIRED TO 19.950.000.00 (PUT Off. ON MAI3GIN TOTAL 519.950.000.00 $14.504.392.82 INTEREST DATE OESCRPTION SY1ADOLCUSIP °unsay RATE ou men AMOUNT CREDIT AMOUNT 02121/01 INTEREST ONCREDIT BALANCE 5.5000 1,427.38 AT 5 1/2% 01/21 THRU 01130 02/21/01 INTEREST ON CREDIT BALANCE 5.0000 13,364.92 AT 5.000% 01/31 THRU 02/20 TOTAL $14.792.30 MISCELLANEOUS DATE MCIOAT TIRVISACTCN DESCRIPTION DEBIT AMOUNT CREW AMDUNT 02/21/01 JOURNAL JOURNAL FROM TYPE 2 TO 1 4.285.571.63 02/21/01 JOURNAL JOURNAL FROM TYPE 2 TO 1 4.285.571.63 02/22/01 JOURNAL JOURNAL FROM TYPE 1T02 14.792.30 O2T O22M01:2OA2 001 EFTA00196558 CLEARED THROUGH ITS YiHMV 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirn5 SON, bel Oat. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Ore Metsolech Contof Noah BecciOon. New Year m201.3859 STEARNS FINANCIAL TRUST COMPANY INC 8 STATEMENT PERKO January 27.2001 THROUGH February 23.2001 Transaction Detail (continued) ACCCUNIT NUMBER TAXPAYER MAWR 660-56-7418 MISCELLANEOUS ‘cont ued, LAST STATEMENT January 26.2001 DATE MOAT TRANSACTOI DESCRIPTOR DEEM AMOUNT CRUM AMOUNT 02/22/01 JOURNAL JOURNAL FROM TYPE 1 T02 14,792.30 TOTAL $.4,300,363.93 84,300,363.93 Your messages fa' The interest, it any, charged to your account during December 2000 was computed on the net debit balance through December 28. The interest, it any, charged to your account during January 2001 is computed from December 29, 2000, End of Statement 027 02/24.01:20:42 001 EFTA00196559 CLEARED THROUGH nS WHOU.Y OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT &Nu. SINKAS SOMAISOT CND. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue Ono Mototoch Center North brocklm. New York 1120/3859 STEARNS New York, New York 10167 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD December 30.2000 ACCOUNT EXECUTIVE ZI3HEHMAN.IRA TELEPHONE THROUGH January 26.2001 VISIT OUR WEBSITE 6.mytea'steams.com ACCOLNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER NUMBER 660-56-7418 LAST STATEMENT December 29.2000 Financial Summary 3 FINANCIAL TRUST COMPANY INC 4 CIO AMERICAN YACHT HARBOR • Your Portfolio Holdings 6100 RED HOOK SUITE B-3 Transaction Detail 5 QUARTERS #2 Trades Not Yet Settled 6 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Important Message TOTAL VALUE OF SECURITIES THIS PERIOD 14.899.343 Cash & Equvalent $160.421 DecimalTrading is Coming! Decimal Trading is the shift $402.990 from fractional pricing NET CREDIT BALANCE 160.421 S15.016.583 8-117.240 (e.g..21 1/2) to decimal Equities n12.569.121 pricing (e.g...$21.50)lor NET EQUITY THIS PERIOD $15.059.764 equities and options. lin Current market value NET EQUITY LAST STATEMENT 12.972.111 IN Last statements market value All trading on NYSE. AMEX. and regional exchanges CI Short market value CHANGE SINCE LAST STATEMENT 2.087.653 will be in decimals effective as of 1/29/01. There are no 'Stop Loss' orders or other pending buy For details. visit our website or sell open orders on file for your account. at www.bearstearns.com. Pla.ma row any clIforacoo of rowoctiot of docks or socks. eidicalod as &Oman to 'nu. Ab• tin . 0"YO'Ya brInkaWbOnal passes ally. a Is not winded as &on. lo Gent Sonic*. at 800134-1428: or yet to Clam SONIC.). m Boat. Steam SccuMos tin staternere shooed be read for your records So mew a for rreorlart nfainatim Coup.. Co. Lletok•-ti Carlo, Honk BrooNyn NY. 112014859 02T 0127,01:13Aa 001 EFTA00196560 CLEARED 1HROUGH RS wilekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, b81 G0,0 Ceol.letioloch Cantot Noah Brocklln• New VC* 11201.3859 FINANCIAL TRUST COMPANY INC 2 ol STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0147#01:13:44 001 EFTA00196561 CLEARED THROUGH 11S V/liCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Stea•ns See,mbel Cory. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New York, New York 10167 Ce4Metselech Cella Noah 0eock11n. New Ye* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 3 cl STATEMENT PERKO December 30.2000 THROUGH January 26.2001 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER AVEOER 660-56-7418 THIS PEFICO opv,i4.3 CLOWO LAST STATEMENT December 29.2000 Opening Balance $402,989.85 Cash 402.989.85 160,421.16 Securities Sold 87,653.22 Net Cash Balance $402,989.85 $160.421.16 Funds Deposited 44,707,021.63 Dividends/Interest 7,277.46 Amount Credited $44,801.952.31 Income Summary THIS PEROD YEAR 70 DATE Miscellaneous -45,044,521.00 Credit Balance Int. 7,277.46 7,277.46 Amount Debited $-45 044 521.00 Total $7,277.46 $7,277.46 Net Cash Activity -242.568.69 Closing8atance $160,421.16 Portfolio Composition Your Portfolio SfCRT LONG Allocation CashiCash Equivalent 160,421 Equities 117.240 Cash 8 Equivalent 15.016,583 1% Short Equities Total $117.240 $15 177 004 <1% Equities 98% Unshaded 'mittens dangle debt banes *NW shol market vela. The domes percemn, is clewed hem Ow absolute market value oh sev palkno 027 01i27/01:13:44 001 EFTA00196562 CLEARED THROUGH ITS ?mem.? CAMEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,nbel CO,P. Bear. Stearns & Co. Inc. BUR 245 Park Avenue New Y New York 10167 0-41km:tech Cella Noah Beccidon. New Ye* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 4 STATEMENT PERIOD December 30.2000 THROUGH January 26.2001 Your Portfolio Holdings ACCCUNIT NUMBER CASH & CASH EQUIVALENTS TAXPAYER MAWR 660-56-741a LAST STATEMENT December 29.2000 MARKET ESTIMATED DESCRPRON SYMBOLCUSP QUANTITY PACE VALUE ANNUAL INCOME CASH BALANCE 160.421 TOTAL CASH & CASH EQUIVALENTS 5160.421 EQUITIES Equities & Options ADC! IMFOCE1 ESTRIATED CURREN' DESCRJ'ID)1 SIMBOUCUSIP 7YPE OUAMITY PACE VALUE ANNUAL INCOME YIELD 14) CHILDRENS PLACE RETAIL STORES PLCE CASH 60,000 20.7500 L245.000 INC TELIGENT INC-CL A TGNT CASH 60,000 3.0000 180.000 VECTOR GROUP LTD VGR CASH 710,671 19.1250 13.591.583 1,137.074 8.3660 CALL VECTOR GROUP FE8 019AMEX GVXB19 CASH -1.020 1.0620 -113.740 ADJ 5% STOCK DNIDEND Be 02+17+200i CALL VECTOR GROUP MAY 020AMEX VGRE20 CASH -20 1.7500 -3.500 BP 05+19/2001 Total Equities& Options 514.899.343 $1,137,074 TOTAL EQUITIES 514.899,343 $1,137,074 YOUR TOTAL ESTIMATED ANNUAL INCOME $1.137.074 YOUR PRICEDPORTFOLIOHOLDINGS $15,059,764 027 01i27,01:12:44 001 EFTA00196563 CLEARED THROUGH ITS wilekLY (AME0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, bel Cap. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Dec Mem:tech CarrIN Noah Beccidon. New VC* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 5 STATEMENT PERIOD December 30.2000 THROUGH January 26.2001 Transaction Detail ACCOUNT NUMBER TAXPAYER RAMER 660-56.7416 INVESTMENT ACTIVITY LAST STATEMENT December 29.2000 SETTLEMENT 10.40E DATE DATE TRANSACTION DESORPTION Piece/cum, DUMMY Prim DEIST AMOUNT CREPT AMOUNT 01/16/01 01/12/01 SOLD CALL VECTOR GROUP MAY 020AMEX -20 1.37500 2,677.40 EXP OS/19/2001 UNSOLICITED CUSIP NUMBER TO FOLLOW, OPEN CONTRACT 01/19/01 01/18/01 SOLD CALL VECTOR GROUP FEB 019AMEX OGYX819 -20 0.93750 1.906.18 ADJ 5% STOCK DIVIDEND EXP 02/17/2001 UNSOLICITED OPEN CONTRACT 01/23/01 01/22/01 SOLD CALL VECTOR GROUP FEB 019AMEX OGVXB19 -1.000 0.81500 83,069.64 ADJ 5% STOCK DIVIDEND EXP 02117/2001 UNSOLICITED OPEN CONTRACT TOTAL $87.653.22 DEPOSITS AND WITHDRAWALS DATE IRM/SACTAN DESCRPRON DEBIT AMOUNT CREDIT AMOUNT 01/11/01 FUNDS REC FNOS WIRED TO CITIBANK FROM 25.000.000.00 01/18/01 FUNDS REC FNDS WIRED TOCITIBANK FROM 3,527,760.91 01/23/01 FUNDS AEC FNOS WIRED TOCITIBANK FROM 16,179,260.72 TOTAL 644,707,021.63 027 01127/01:13:44 001 EFTA00196564 CLEARED THRWGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. SZeirns SOC,M.F1 Cot. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Ore Momtech GarrIN Noah Beockl1n. New VC* 11201 3859 STEARNS FINANCIAL TRUST COMPANY INC 6 STATEMENT PERK* December 30.2000 THROUGH January 26.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER M./03ER 660-56.7418 INTEREST LAST STATEMENT December 29.2000 DATE DESCRIPTION STAIDOUCUSIP WANTITY RATE iv can AMOUNT °TIENT AMOUNT 01/22/01 INTEREST ONCREDIT BALANCE 6.0000 335.82 AT 6.000% 12/29 THRU 01/02 01/22/01 INTEREST ONCREDIT BALANCE 6.0000 455.67 AT 6.000% 12/21 THRU 12/28 01/22/01 INTEREST ONCREDIT BALANCE 5.5000 6.405.97 AT 5 1/2% 01103 THRU 01/20 TOTAL $7,277.46 MISCELLANEOUS DATE MOON TRANSAGDM DESCRiPTDN DEBIT AMOUNT CREPT CUNT 01/12/01 JOURNAL TO 25,044,521.00 01/23/01 JOURNAL TO 20,000,000.00 TOTAL $45,044.521.00 Trades Executed Pending Settlement SETTLEMENT TRADE DATE DATE TRANSKIVN DESCRETION ST/ABOLCUSP OVANTir, PRCE DEBT ./ACW41 CREDIT AMOUNT 01/29/01 01/26/01 SOLD CALL VECTOR GROUP MAR 020AMEX -350.00 1 0179 34,397.81 01/30/01 01/25001 SOLD ASV, GLOBAL CROSSING LTD AGM -15.000.00 8 2858 124,280.35 a A 02? 01e27,01:13:44 001 EFTA00196565 CLEARED 1HRWGH ITS niCkLY 0%M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeires S0C.r.t.el Cap. Bear. Stearns & Co. Inc. BEAR 245 Path Avenue Ore Meesetech Cella North Beccidon. New VC* 11201.3859 STEARNS New York, New York 10167 FINANCIAL TRUST COMPANY INC 7 STATEMENT PERK* December 30.2000 THROUGH January 26.2001 ACCOUNT NUMBER Trades Executed Pending Settlement (continued) TAXPAYER KAISER 660-56.7418 LAST STATEMENT December 29.2000 SETTLEMENT TRADE DATE DATE "PANS.CIkri'l PTICN STIABELCUSIP GUANTITY PRCE DEBIT AMOUNT Crag NJNT 01/31/01 01/26/01 SOLD ASIA GLOBAL CROSSING LTD AGCX -25,000.00 9 0525 226,302.45 CL A TOTAL $0.00 $384,980.61 The above Padre de nel eppew in sake el Ihe slelone* End of Statement 027 Civ2TIM:13:44 001 EFTA00196566