EFTA00196567

Statements EFTA00196567 CLEARED THROUGH ITS niaLY OnnE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Shan" SeCnita 000. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Cam Mantech Confer North Beano. Hew VC* 11201.3559 STEARNS FINANCIAL TRUST COMPANY INC STATEMENT PEMOO November 30.2002 ACCOUNT EXECUTIVE ZICHERMAN.IRA TELEPHONE mmouom December 31.2002 VISIT OUR WEBSITE ;in xearstearns.com ACCOUNT NUMBER What's In This Statement U111111111II I II I II TAXPAYER NOS3ER OO Fda LAST STATEMENT November 29.2002 Financial Summary 3 FINANCIAL TRUST COMPANY INC C/O AMERICAN YACHT HARBOR • Your Portfolio Holdings 4 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 Important Message II any information regarding TOTAL VALUE OF SECURMES THIS PERIOD 9,756,423 Cash & Egiavalent —MilleSa NSW evnee eivni=miene., $23.285.100 2002interest. dividends. miscellaneous income, NET CREDIT BALANCE 877,181 Eagles •010•423 $-254.000 ill $10$11.007.884 gross proceeds or original MONEY MARKET RIO BALANCE 2,331,232 r : 4489$00 issue discount is required to be reported to the IRS for this account, a MO Current market value Consolidated Form 1099 NET EQUITY 111113 PEFt101) $12,964,836 (M Last statements market value will be mailed to you by C Short market value January 31.2003or a NET EQUITY LAST STATEMENT 33,803,464 1042Sby March 17,2003. CHANGE SINCE LAST STATEMENT -20,838,628 There are no 'Stop loss' orders or other pending buy or sell open orders on tile for your account. Roza roan any Manx, a nonroodet of teas or stocks. alicalal as *aroma to au. b Ow Sawa 01 900611.1128: a veto to Clom SONIC.). at Bow. SWUM SI:CLITOS Can.. Ono Meinaten Cato Nosh. °roans NY Ittnatee Sit tie SoYounI a nfOroatsmal papaws only b ts notsanded natal dCOXiled The stand should b retailed for yow records See reverser.* for iTmodare formation 027 01.01.03:09:30 001 VS39 EFTA00196568 CLEARED 1HROUGH RS wilekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, b81 CotD Ceol.letioloch Cantot Noah Broeklln• New Ye* 11201.3859 FINANCIAL TRUST COMPANY INC 2 ol STATEMENT BACKER IS PRINTED ON THIS PAGE 027 01,01,03:09:30 001 VS39 EFTA00196569 CLEARED THROUGH ITS wooCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Best Szea•ns SOCoothel GNP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Cc* Mon:Itch Cantot Noah Beccflon. New Teo* 11201.3559 STEARNS FINANCIAL TRUST COMPANY INC 3 STATEMENT PERK* NOveffilloN 30.2002 THROUGH December 31.2002 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER MaCR On File THIS PEPo00 CPENIN3 CLOSING LAST STATEMENT November 29.2OO2 Opening Balance $1,474,539.19 Cash 791.335.43 448.954.71 Money Fund 19,520,670.97 Margin 191.204.00 166.977.00 Funds Deposited 10,000,000.00 Short 491,999.76 261,249.26 Dividends Interest 157.619.28 Net Cash Balance $1,474.539.19 $877.180.97 Amount Credited $29.678.290.25 Securities Bought -254.977.50 Money Fund -20.670.97 Income Summary 1115PERCO YEAFI TO DATE Funds Withdrawn -30,000.000.00 Dividends 177,874.17 1.122.184.41 Amount Debited $-30.275.648.47 Credit Balance Int. 416.08 17,865.78 Net Cash Activity -597.358.22 Total $178.290.25 $1.140.050.19 ClosingBalance $877,180.97 Foreign Tax Withheld 0.00 -4.500.00 Your Portfolio Allocation Same On tanslons ot cash balsam accost lypes we not Included on Pe section. such Ironton, as wet, as nIals Ict a NW SanasIxas Ins penod. Won on Trareschon Ootal. Portfolio Composition St.On LONG Cash 8 Equivalent 24% CashCash Equivalent 3.208,413 Equities 254.000 10.010,423 Short Equ' 1% Total 8,254.000 $13,218,836 - Equities 75% U.•Jyoed Frown conose oat Olsoopt *NW shoo, male wive, The olopshm ;events,' to Oe•se0 Icon to '0191A* motet rat), 01 scot patio" 027 01,01,03:09:30 001 V639 EFTA00196570 CLEARED THROUGH ITS CAM,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC,nt.el GNP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Mevolech Contec Noah Beccidon. New VC* 112014859 STEARNS FINANCIAL TRUST COMPANY INC 4 STATEMENT PERM November 30.2002 THROUGH December 31.2002 Your Portfolio Holdings ACCOUNT NUMBER TAXPAYER MAWR On File CASH & CASH EQUIVALENTS LAST STATEMENT NOverntet 29.2002 IMAMS ESTIMATED CURRENT COMMON SIMBOLCUSiP QUANTITY PRICE VALUE ASS INCOSE yea iv CASH BALANCE 877.181 DREYFUS CASH MANAGEMENT-CL A DICXX 2,331,231.89 1.0000 2.331,232 32,637 1.4000 INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 1.2200% TOTAL CASH & CASH EQUIVALENTS $3,208,413 $32,637 EQUITIES Equities & Options ADC! MARKET ESTRAME0 COMM DESCROION SIMBOLCUSIP TYPE 0114)411W PACE VALIE ANNUAL INCOME YELD FLEXTRONICS INTERNATIONAL FLEX CASH 100,000 8.1900 819.000 LTD GALYANS TRADING INC GLYN CASH 150,000 10.0000 1.500.000 HCALINGER INTERNATIONAL INC HLR SHRT -25,000 10.1600 -254.000 -5,000 1.9685 CL A TYCO INTERNATIONAL LTD TYC CASH 100,000 17.0800 1.708.000 5.000 0.2927 VECTOR GROUP LTD VGA CASH 393,008 11.6200 4.566.753 628,813 13.7694 SENTIGEN HOLDING CP RSTD CASH 333,334 4.2500 1.416.670 Total Equities& Options $9,756,423 $628,813 TOTAL EQUITIES $9,756,423 $628,813 YOUR TOTAL ESTIMATED ANNUAL INCOME $661,450 YOUR PRICEDPORTFOLIOHOLDINGS $12,964,836 027 01,01,03:09:30 001 VS39 EFTA00196571 CLEARED THRWGH nS O%M.EO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. SZeirhs S0NN*1 GOP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York. New York 10179 O-4MP:elect+ Centec Noah Beccidon. New VC* T12O1.3869 STEARNS FINANCIAL TRUST COMPANY INC 5 o STATEMENT PERIOD November 30.2002 THROUGH December 31.2002 Transaction Detail ACCCUNT NUMBER TAXPAYER KINSER On FIIB INVESTMENT ACTIVITY LAST STATEMENT November 29.2002 SETTLEMENT TRADE DATE DATE TRANSACOON DESORPTION SYEIBOLICUSIP CIJWTTTY PAIGE DEBIT AMOUNT GRECO MONO 12/24/02 12119/02 BOUGHT HOWNGER INTERNATIONAL INC HUI 25.000 1013900 254,977.50 CL A UNSOUCITF_D COVER SHORT, TOTAL $-254.977.50 DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRFAION DENT AMOUNT CREDIT READERET 12/02/02 FND WIRED DS WIRED TO 30.000.000.00 12/02/02 FUNDS AEC F Int FROM 10,000.000.00 TOTAL $-30.000.000.00 S10.000.000.00 MONEY FUND ACTIVITY DATE MOMAT TRANSACTION O65cAimoN 5^4.03Drum, Cowin PRICE DEBIT AMOUNT CREDIT AMOUNT 11/30/02 OPENINGBALANCE 21.810.560.92 12/02/02 SOLD INDREYFUS CASH MANAGEMENT-CA. A DICXX -19.500.000 1.0000 19,500,000.00 STITUT SHARES 12/02/02 DIVIDEND laYrtilfaSMGEMENT-CA. A DICXX 20.670.97 MONTHLY DIVIDEND 12/02/02 REINVEST RaMaSUMGEMENT-CL A DICXX 20.67097 20.670.97 DIVIDEND REINVESTED CV! 01O1O3:c.9cr O: E,639 EFTA00196572 CLEARED THROUGH ITS 0‘1h.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SOC.r.t.81 Gap. Bear. Stearns 8 Co. Inc. BUR 383 Madison Avenue New Y New York 10179 0-4 Mem:tech Gantec Noah Beccmon. Nev. Ye* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 6 STATEMENT PERK* NOvernter 30.2002 THROUGH December 31.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AVUEER OR File MONEY FUND ACTIVITY (continued) LAST STATEMENT November 29.2002 DATE MORAY TRANSACTOR DESCRIPTOR STMECIAUSIP °WARM' PFOCE DEBIT AMOUNT CREDIT AMOUNT 12/31/02 CLOSINGBALANCE 2,331,231.89 TOTAL $-20,670.97 $19,520,670.97 DIVIDENDS 1-14-E DESORPTION STMEICUGUSIP CCARTNY RATE /Si CEBU AMOUNT CREDIT AMOUNT 12/30/02 VECTOR GROUP LTD VGR 393.008 0.4000 157,203.20 REC 12/20/02 PAY 12+3002 TOTAL $157,203.20 INTEREST DATE DESORPTION STROP-C(41P GUMMY RATE I%4 CERT AMOUNT CREDIT AMOUNT 12/23/02 INTEREST ON CREDIT BALANCE 0.7500 416.08 AT 0 3/4% 11/21 THEM 12/20 TOTAL $416.08 MISCELLANEOUS DATE MORAY TRANSACTOR DESCRIPTOR DEBT AMOUNT GREW AT/OUNT 12/02/02 JOURNAL MARK TO MARKET 2,499.00 12/02/02 JOURNAL MARK TO MARKET SHORT P06 2,499.00 12/09/02 JOURNAL MARK TO MARKET 28,499.00 12/09/02 JOURNAL MARK TO MARKET SHORT P06 28.499.00 027 DIGIV309:30 001 EFTA00196573 CLEARED THROUGH ITS niCkLY CAM•E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SOC,M*1 GNP Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 CeoLlevetech CarrIN Noah BecciCon. New Year I I2O1.38S9 STEARNS FINANCIAL TRUST COMPANY INC 7 STATEMENT PERIOD November 30.2002 THROUGH December 31.2002 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER WESER On File MISCELLANEOUS (continued) LAST STATEMENT November 29.2002 DATE 113FDAT TRANSACTW DESCRIPTOR DEBIT AMOUNT CREW ATACVNT 1016/02 JOURNAL MARK TO MARKET 26,999.00 12/16/02 JOURNAL MARK TO MARKET SHORT POS 26,999.00 12/23/02 JOURNAL MARK TO MARKET 22,999.00 12/23/02 JOURNAL MARK TO MARKET SHORT P08 22,999.00 12/30/02 JOURNAL MARK TO MARKET 2,227.00 12/30/02 JOURNAL MARK TO MARKET SHORT POS 2,227.00 TOTAL $43,223.00 $83223.00 Your messages irw• Investor As pail of the National Association of Securities Dealers (NASD) Education Program, you may obtain information on the NASD's Public Disclosure Program by contacting the NASD at telephone number (S00) 289.9999 or via the intemet address which is Wbvw.nasdr.com. In addition, a brochure explaining the Public Disclosure Program is available from the NASD upon request, End of Statement 027 01101/0300:30 001 VMEI EFTA00196574 CUMUL) IHFIC0314 IIS WHOLLY One.ED SUBSIDIARY OFFICE SERVICING YOUR ACCOIFIT Boer. ReMme Ø. Bear. Stearns 8 Co. Inc. BMR 383 Madison Avenue New York, New York 10179 Olo Metroleoh Cent« NorUi Boxidon, Ner, Vca 1120/.3859 STMRNS FINANCIAL TRUST COMPANY INC ACCOUNT EXECUTIVE ZI:HERIvIAN.IRA STATE1ACNT eER100 Octoter 26.2002 TELEPIONE THNOUGH November 29.2002 VISIT OUR WEEISITE amv.uea'stearns.com *CLOU'« NVIABER What's In This Statement IIII Il 1111111U II TAXPAYER NUMBER OnFlk LAST STATEMENT Datée( 25.2002 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 Portfolio at a Glance Market Value of Your Portfolio Cash 8 EqSvalent — $23.285,100 TOTAL VALUE OF SECURITIES THIS PEROD 10.518.364 eeckbige. 53.836,868 NET cREorr BALANCE 1.474.539 811.007.864 : S-489.500 Beugle MONO( MARKET FUND BALANCE 21.810.561 OOMM,:YO-- -:=MY.MOO 89.434.566 MM Current market value NET EOUITY THIS PERIOC $33.803,464 Ia Last statementS market value Short merket value NET EOUITY LAST STATEMENT 13.271.434 CHANGE SINGE LAST STATEINSH 20.532.031 There are no Stop Lose orders or other pending buy or seil open orders on file for your account. Mao tapon ami Merano* or renroctee ol tees or mes. natale! as Mena io leu. i1u BaTenani a ler nrsnasesrel pyposss caly t k ra elencled osa la. damnes b axe Sema» al 80004-1428: Of Net Ica Clam Somas a BO«. Searra Seumos Car . One MeYoloch Cale. Harth. Orodbn. NY I120141e4 t Teva Mimer., allold be retend lor your records Seva reveroe S. fa Øra rdonmaeon 027 11,30,02:14:25 001 VS38 EFTA00196575 CLEARED 1HROUGH NS wilekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, b81 00,8. Ore Metioloch Cantot Noah Brocklln• New VC* 11201.3859 FINANCIAL TRUST COMPANY INC 2 ol STATEMENT BACKER IS PRINTED ON THIS PAGE 027 11,3002:14:25 001 VS38 EFTA00196576 CLEARED THROUGH ITS wisekLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Steirns SOCoohet GNP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Moo:Itch Contot NOM ettdOon. New Tuft 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 3 STATEMENT PERKIO October 26.2002 THROUGH Novernter 29.2002 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER WEISER ON PIM THIS PERMO CPENN3 CLOSNO LAST STATEMENT October 25.2002 Opening Balance $21,673.62 Cash 21,673.62 791,335.43 Securities Sold 453,203.76 Margin 0.00 191,204.00 Money Fund 15,366.68 Short 0.00 491,999.76 Funds Deposited 19,041,875.00 Net Cash Balance $21,673.62 $1,474,539.19 Dividends/Interest 1,786.81 Amount Credited $19,512,232.25 Money Fund -18,005,366.68 Income Summary THB PETODO YEM TO DATE Funds Withdrawn -54.000.00 Divweaw 6,616.68 944,310.24 Amount Debited $-18,059.366.68 Credit Balance Int. 536.81 17,449.70 Net Cash Activity 1,452,865.57 Total $7,153.49 $961.759.94 ClosingBalance $1 474 539.19 Foreign Tax Withheld 0.00 -4.500k0 Your Portfolio Allocation Same dat tensions ot cash balsam accost baa are not .ncbdod on cab eaten. MCP, Ironton. as wen as 6Mals Ict aM1 elms Irantmclatt Pus penott apes on Twain-boo Detal Portfolio Composition SHOAT LONG 7 / Equities Cash/Cash Equivalent 23.285.100 32% Equities 489.500 11.007.864 Total $489,500 $34,292,964 Short Equities Cash & Equivalent \ 1% 67% Unstated prow,' Oen,* Oat Dionot *mkt ;hal male *Vets MO 010Cahri recenmot is noted ham Va 00191.te market rat), pi >CV POrIkalk 027 11/3002:14:25 001 VE38 EFTA00196577 CLEARED THRWGH ITS niCkLY OHnEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC.r.t.el GNP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Cc* Mem:tech CarrIN Noah Beccidon. New Ye* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 4 STATEMENT PERK* October 26.2002 THROUGH Noverncer 29.2002 Your Portfolio Holdings ACCCUNT NUMBER TAXPAYER PUSHER On PIM CASH & CASH EQUIVALENTS LAST STATEMENT October 25.2002 MARKET ESTIMATED CURP£NT DESCRIPTION SYMBOLCuSIP QUANTITY PRICE VALUE N4VUAL INCOME 10.0 i%) CASH BALANCE 1,474,539 DREYFUS CASH MANAGEMENT-CL A DICXX 21.810.560.92 1.0000 21.810,561 370,780 1.7000 INSTITUTIONAL SHARES EST. 30 DAY AVG YIELD 1.3900% TOTAL CASH & CASH EQUIVALENTS $23,285,100 $370.780 EQUITIES Equities & Options ACCT MARKET ESTRWED CORIINT DESCROION SIMBOLCUSIP TYPE OUANTITY PRICE VALUE ANNUAL INCOME YEW I%I FLEXTRONICS INTERNATIONAL FLEX CASH 100,000 11.0100 1,101.000 LTD GALYANS TRADING INC GLYN CASH 150,000 13.5100 2.026.500 HaLINGER INTERNATIONAL INC HLR SHRT -50,000 9.7900 -489.500 -10,000 2.0429 CL A TYCO INTERNATIONAL LTD TYC CASH 100,000 17.8400 1.784.000 5,000 0.2803 VECTOR GROUP LTD VGA CASH 393,008 11.3900 4.476.361 628,813 14.0474 SENTIGEN HOLDING CP RSTD CASH 333,334 4.8600 1.620.003 Total Equities& Options $10,518.364 $623,813 TOTAL EQUITIES $10,518.364 $623,813 YOUR TOTAL ESTIMATED ANNUAL INCOME $994,593 YOUR PRICEDPORTFOLIOHOLDINGS $33,803,464 027 1I/SCW0214:21 001 Vt3S EFTA00196578 CLEARED THROUGH ITS niCkLY 0%M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC.r.t.el GO,P. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue Ore Mevelech Cella Noah &Woo. Nev. VC* 11201.3559 STEARNS New Y New York 10179 FINANCIAL TRUST COMPANY INC 5 STATEMENT PERK* October 26.2002 THROUGH Noverncer 29.2002 Transaction Detail ACCOUNT NUMBER TAXPAYER AMMER OR PIM INVESTMENT ACTIVITY LAST STATEMENT October 25.2002 SETTLEMENT MADE DATE DATE TRANSACTION DESORPTION swam/cum GUMMY macs DEBIT AMOUNT CHEM MONO 11/22/02 11/19/02 SOW HOWNGER INTERNATIONAL INC HLR -50,000 9.12440 453,203.76 CL A UNSOUCITED SHORT TOTAL $453,203.76 DEPOSITS AND WITHDRAWALS DATE TRANSACTION oiscarion DEBIT MAGIAN CREDIT AMOUNT 10/29/02 FND TO 27,000.00 11/06/02 FUNDS REC 18,405,535.00 11/12/02 END WIRED 27.000.00 11/19/02 FUNDS REC FNDS WIRED TO CITIBANK FROM 636,340.00 MSS TOTAL $-54,000.00 $19,041.875.00 MONEY FUND ACTIVITY DATE MOGAT TRANSACTION DEW:I/UPTON SYMECL.CUSIP OUNJTITY PRa MIT AMOUNT CREDIT AMOUNT 10/26/02 OPENINGBALANCE 3,815,194.24 10/29/02 SOLD DREYFUS CASH MANAGEMENT-CL A D1CXX -10,000 1.0000 10.000.00 INSTITUTIONAL SHARES 027 11.0002:14:25 001 YE.38 EFTA00196579 CLEARED THROUGH ITS OHT•E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. szeirns soc,m*, GNP Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue Dec Momtech Contec Noah Becdoon. New Ye* 11201.3859 STEARNS New Y New York 10179 FINANCIAL TRUST COMPANY INC 6 STATEMENT PERIOD October 26.2002 THROUGH Noverncer 29.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMBER CH PIM MONEY FUND ACTIVITY (continued) LAST STATEMENT October 25.2002 DATE WON/ TRANSACTO4 OESCRIPTCN STIAECIALOSIP alANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 11/01/02 DIVIDEND fray rtaaSMGEMENTCL A 0100( 5,366.68 MONTHLY DIVIDEND 11/01/02 REINVEST frayrtilf&SMGEMENTCL A MCA 5.366.68 5.366.68 DIVIDEND REINVESTED 1/67/6 AMA' 15WEVrLIBtA§H itAWMZIANY. ri1C b 1A.000.000 1.0000 e.000.000.00 INSTITUTIONAL SHARES 11/29/02 CLOSINGBALANCE 21.810.560.92 TOTAL Vat 005.366.68 515.366.68 DIVIDENDS La. DESCRIPTION SYMBEUCUSIP OUNRITY RATE TS) CENT AMOUNT CREDIT AMOUNT 11/04/02 TYCO INTERNATIONAL LTD TYC 100,000 0.0125 1.250.00 REC 10/01,02 PAY 11(01,02 TOTAL $1.250.00 INTEREST DATE DESORPTION SYNE/WM/VP OVAARITt RATE I* DENT AMOUNT CREDIT AMOUNT 11/21/02 INTEREST ON CREDIT BALANCE 1.2500 11.78 AT 1 1/4% 10/21 THRUitiOS 11/21/02 INTEREST ON CREDIT BALANCE 0.7500 525.03 AT 03/4% 11/06 THRU 11120 TOTAL $536.81 027 114002:14:25 001 YOB EFTA00196580 CLEARED THROUGH ITS wilekLY OHnEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns S0C.r.t.41 GNP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Metsolech Canto/ Noah &Woo. New To* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 7 STATEMENT PER100 October 26.2002 THROUGH Noverncer 29.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER 04/443ER On PIM MISCELLANEOUS LAST STATEMENT October 25.2002 DATE LOW TRANSACTION DESCRIPTION DENT AMOUNT GRECIT AA4OUNT 11/20/02 JOURNAL JOURNAL FROM TYPE 1 TO 2 230,000.00 11/20/02 JOURNAL JOURNAL FROM TYPE 1 TO 2 230,000.00 11/25/02 JOURNAL MARK TO MARKET 38,796.00 11/25/02 JOURNAL MARK TO MARKET SHORT POS 38,796.00 TOTAL $-268.796.00 $268,796.00 End of Statement 027 11/3042;14:26 001 EFTA00196581 CLEARED THROUGH ITS WHOLLY 01M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear. SOWS SeMMIHT Corn.. Bear. Stearns 8. Co. Inc. BEAR 383 Madison Avenue New York Nell York 10179 One llotrotoch Confer Noah Becclarn. Now Tux 1120/3859 STEARNS FINANCIAL TRUST COMPANY INC ACCOUNT EXECUTIVE LICHERMAN.IRA STATEMENT PER100 SepternCer 28.2002 TELEPHONE THROUGH October 25.2002 VISIT OUR WEBSITE 6'/A1 bear stearns.com ACCOUNT NUMBER What's In This Statement IIII II I 11 11I II I II TAXPAYER NUMBER On File LAST STATEMENT September 27.2002 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 5 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURITIES THIS PER/DD 9.434.566 Canis Eqtavalent $1836-868 VIM10.300 NET CREDIT BALANCE 21.674 $9. 34.566 Equines — MONEY MARKET FUND BALANCE 3,815.194 ... $10.249.770 ME Current Markel value NET EQUITY THE PERIOD $13.271,434 [IN Last statements market value NET EQUITY LAST STATEMENT 14,260.070 CHANGE SINCE LAST STATEMENT -988.636 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Noma roam any direroroo a marmots of tears or socks. eacomd as doltioroe to mu. Amy Thls swarrerY a kir Mom le passes ally. It Is rue pleaded as a he 67a.wert to Clem Swan 01800431.1128: a viva lo Clam SONIC.. at Boot Swam &pumas Nee Meta:nor' MGM be retained for your records Sn warn ode for inmcitert alornualln Coy.. Caw lictokHE Cooler Honk Brootbn, NY I12014$50 027 1026,02:10:31 001 VS37 EFTA00196582 CLEARED 1HROUGH NS 0%1N.E0 SUBSIDIARY Beer. Saea•ns SONnt.81 00,0 CeoLlevolech Cantet Noah Beano. New VC* 11201.3859 FINANCIAL TRUST COMPANY INC 2 ele STATEMENT BACKER IS PRINTED ON THIS PAGE 021 102802:10:31 001 Y627 EFTA00196583 CLEARED THRWGH ITS wilekLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Screams SOC.r.t.el GNP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 1O179 Ore Mevelech Conte Noah Becci0on. Nev. Tuft 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 3 STATEMENT PERK* Septerntet 28.2002 THROUGH October 25.2002 ACCCUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER On File THIS PERIOD 116 PERIOD YEAR TO DATE LAST STATEMENT SEVIerntet 27.2002 Opening Balance $200.509.52 Dividends 5.4O3.95 937,693.56 Credit Balance Int. 147.93 16,912.89 Money Fund 5,403.95 Total $5.551.88 5954.6O6.45 Dividends/Interest 147.93 Miscellaneous 9.17 Foreign Tax Withheld O.OO -4.5OO.OO Amount Credited $5,561.O5 Money Fund -5AO3.95 Portfolio Composition Funds Withdrawn -178.993.OO Cashreash Equivalent 3.836,868 Amount Debited $-184.396.95 Equities 9.434.566 Net Cash Activity -178.835.9O Total 513,271.434 Closing Balance $21.673.62 Your Portfolio Allocation Cash Balance Summary OPENING GICciriS Cash 2OO.5O9.52 21.673.62 Cash 8 Equivalent / 29% Net Cash Balance 5200.509.52 $21.673.62 Equities 71% UnWooed croons oono* oa0t Deence onto Or, male vela, The olecom ;event'', Iy Pe•aed from to 00101.te market rat), 01 )VV patio" 027 162802:10:M 001 V637 EFTA00196584 CLEARED THROUGH ITS OW,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saee•ns SON, bel CO,P. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Ore Mem:tech CarrIN Noah BecciOon. New VC* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 4 c/ STATEMENT PERIOD Septemter 28.2002 THROUGH October 25.2002 Your Portfolio Holdings ACCOUNT NUMBER TAXPAYER AVUSER On Foe CASH & CASH EQUIVALENTS LAST STATEMENT Seplerntet 27.2002 mARgET ESTIMATED OJRP£NT DESCROION SYMBOUOJSIP OUANTITY PACE VALUE IItOIJE Ve.0 I%) CASH BALANCE 21.674 DREYFUS CASH MANAGEMENT-CL A DICXX 3.815,194.24 1.0000 3.815.194 64.858 1.7000 INSTITUTIONAL SHARES ESL 30 DAY AVG YIELD 16600% TOTAL CASH & CASH EQUIVALENTS $3.836668 $64,858 EQUITIES Equities & Options ACCT MARKET ESTIMATED WN ' DESCROION SIMBOUCUSIP TYPE OUAMITY PRICE VALLE ANNUAL INCOME YEW IV ELECTRONICS INTERNATIONAL FLEX CASH 100.000 8.4400 844.000 LTD GALYANS TRADING INC GLYN CASH 150.000 10.6500 1.597.500 TYCO INTERNATIONAL LTD TYC CASH 100.000 15.4000 1.540.000 5.000 0.3247 VECTOR GROUP LTD VGR CASH 393.008 10.0500 3.949.730 628.813 15.9204 SENTIGEN HOLDING CP RSTD CASH 333.334 4.5100 1.503.336 Total Equities& Options $9,434,566 $633,813 TOTAL EQUITIES $9,434,566 $633,813 YOUR TOTAL ESTIMATED ANNUAL INCOME 6698.671 YOUR PRICED PORTFOLIOHOLDINGS $13.271.434 027 102802:10:31 001 VICI? EFTA00196585 CLEARED THROUGH ITS 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC‘nbel G0,0 Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Mevolech Cantet Noah 0eock11n. New Ye* 11201.3059 STEARNS FINANCIAL TRUST COMPANY INC 5 STATEMENT PERIOD SepleTtet 28.2002 THROUGH October 25.2002 Transaction Detail ACCOUNT NUMBER TAXPAYER Km3ER OR Foe DEPOSITS AND WITHDRAWALS LAST sTATELIENT SepleTtet 27.2002 D4'E TPANSACT Or. DESCRFITCH DEBIT AMOUNT CREDIT AMOUNT 10/01/02 FND WIRED / WIRED TO 35,000.00 10/15/02 FND WIRED WIRED TO 26,000.00 '16/ffn"""'MIMEO MbA 6§tiCA ligig616 100.000.00 Fl GNA 10/24/02 CHECK ACCT 17.993.00 GE . - TOTAL 5-178,993.00 MONEY FUND ACTIVITY DATE ILVDAT TRANSACTION CESCRIPTIN SYMEOUCUSIP OuNITEY PRECE DEBIT AMOUNT CREDIT AMOUNT 09/28/02 OPENINGBALANCE 3.809.790.29 10/01/02 DIVIDEND RAKI.MSWARGEMENT-CA. A DICA 5.403.95 MONTHLY DIVIDEND 10/01/02 REINVEST Ractlf&SWARGEMENT-CL A DICA 5.403.95 5.403.95 DIVIDEND REINVESTED 10/25/02 CLOSINGBALANCE 3.815.194.24 TOTAL $-5.403.95 $5.403.95 027 102802:10:31 001 VE37 EFTA00196586 CLEARED THROUGH ITS wilekLY ONNEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saee•ns SON, bel GNP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Montech CarrIN Noah BeockI1n. New Ye* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 6 STATEMENT PERKI0 Seprernter 28.2002 THROUGH October 25.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER KAMER On Foe INTEREST LAST STATEMENT Sepremter 27.2002 DATE DESORPTION SYMECIAUSIP QUANTITY RATE IY4 DEBIT AMOUNT [REPT AMOUNT 10/21/02 INTEREST ON CREDIT BALANCE 1.2500 147.93 AT 1 114% 09/21 THOU 10/20 TOTAL $147.93 MISCELLANEOUS DATE uatAY TRANSACTION DESC-RIPRON DEBIT AMOUNT CPEOIT AMOUNT 09/30/02 CASH-LIEU VECTOR GROUP LTD 9.17 CASH Rd IEU OF .70000 REC 09/20/02 PAY 09/27/02 TOTAL $9.17 Endo! Statement 027 102802:10:31 001 Y627 EFTA00196587 GEARED THRCUGH nS YRICUY OGNED SUBSIDIARY OFFICE SERVICING YOUR ACOOLM Beer. Stearns SOOMIMS Cory. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ono Mcvotoch Center North Broddin. New York 1120/3859 STEARNS FINANCIAL TRUST COMPANY INC STATEMENT PERK* August 31.2002 ACCOUNT EXECUTIVE ZICHERMAN.IRA TELEP143eE THROUGH Septemter 27.2002 VISIT OUR WEBSITE nwsvhearstearns.com ACCOUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER NUMBER On File LAST STATEMENT August 30.2002 Financial Summary 3 FINANCIAL TRUST COMPANY INC 4 CIO AMERICAN YACHT HARBOR • Your Portfolio Holdings 6100 RED HOOK SUITE 6-3 Transaction Detail 5 QUARTERS #2 Fund Activity 6 ST THOMAS VI 00802 Your Messages 7 Your Portfolio at a Glance Market Value of Your Portfolio Important Message Confirmation: Unless we Cash 8 Egwvalent H $4.010.300 hear from you to the TOTAL VALUE OF SECURITIES THIS PERIOD 10.249.770 54.055.373 contrary. it is our NET CREDIT BALANCE 200.510 understanding that any free Equities credit balances in your MONEY MARKET FUND BALANCE 3,809.790 $10.931.710 account are being NET EQUITY THIS PERIOD $14.260,070 NE Current market value maintained to facilitate your intention to invest Last statements market value such amounts through us. NET EQUITY LAST STATEMENT 14,987.083 CHANGE SINCE LAST STATEMENT -727.013 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Homo copal ant Mame a rawocolot of clods or stocks. outlook.] as clothrorod to p5u. to Cleni &onion al 800134-1428: or v.oto to Clam SONIC.). a Boot Smarm &canes Cap.. Co. 11eYokun Cour Nook Brodbri N Y 112014059 t Bm"Yani ICC elkOneedsli imposes Cely BR not abode aS W 000.Thirt The Stotornorl amid be retained for your records So reverse safe for merlon Warman:a 027 OS2602:13:15 001 VS26 EFTA00196588 CLEARED 1HROUGH NS wilekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, b81 00,0 Ceol.levalech Cantet Noah Broeklln• New Y06‘ 11201.3859 FINANCIAL TRUST COMPANY INC 2015 STATEMENT BACKER IS PRINTED ON THIS PAGE 021 OS2802:13:15 001 V696 EFTA00196589 CLEARED THROUGH niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Steams SOC,rthel GNP. Bear. Steams 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Cr.* Metsolech Conte Noah Beccilon. New Year 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 3 STATEMENT Puce August 31.2002 THROUGH Septernter 27.2002 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER ARMER On Ale THIS PERICO IHrs PERIOD YEAR TO DATE LAST STATEMENT August 30. 2002 Opening Balance $52,403.73 Dividends 156,538.87 932,289.61 Credit Balance Int. 388.19 16,764.96 Money Fund 206,821.27 Total $156,927.06 $949,054.57 Dividends/Interest 150,105.79 Foreign Tax Withheld 0.00 -4,500.00 Amount Credited $356,927.06 Money Fund -6.821.27 Funds Withdrawn -202.000.00 Portfolio Composition Amount Debited 5-208 821.27 Cashtash Equivalent 4,010,300 Net Cash Activity Equities 10,249,770 148,105.79 ClosingBatance $200,509.52 Total $14,260,070 Your Portfolio Allocation Cash Balance Summary OFEN r.G Cl031, 45 Cash 52.403.73 200.509.52 Net Cash Balance $52.403.73 $200,509.52 Cash 8 Equivalent / 29% Equities 71% UnWooed croons oenme eel 0lono, onto* earl male wive; The ohms", ;event'', to 0e•ued from to otne.te mole rat), 01 >es polloo 027 OS2802:13:15 001 V63G EFTA00196590 CLEARED THROUGH ITS wilekLY OW,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. Saee•ns S0N, t.81 GOP. Bear. Stearns & Co. Inc. BUR 383 Madison Avenue New Y New York 10179 Ore Mevalech Contet Noah Beccidon. New Ye.* 112014859 STEARNS FINANCIAL TRUST COMPANY INC 4 STATEMENT Pew; August 31.2002 THROUGH Seawater 27.2002 Your Portfolio Holdings ACCOUNT NUMBER TAXPAYER AVUSER 011Flo CASH & CASH EQUIVALENTS LAST STATEMENT August 30. 2002 IMPXET ES1IMAIED CURRENT DEW:MN SYMBOLCUSIP QUANTITY PACE VALUE ANNUAL INCOME VELD MI CASH BALANCE 200.510 DREYFUS CASH MANAGEMENT-CL A DICXX 3.809.790.29 1.0000 3.809.790 64.766 1.7000 INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 1.7000% TOTAL CASH & CASH EQUIVALENTS $4.010.300 $64.766 EQUITIES Equities & Options ADC! MARKET ESTI:WED CASII3ff DESORPTION SYAIB0UDJSIP TYPE OUAMITY PRCE VALE ANNUAL INCOME YEW IV FLEXTRONICS INTERNATIONAL FLEX CASH 100.000 7.2000 720.000 LTD GALYANS TRADING INC GLYN CASH 150.000 10.0500 1.507.500 TYCO INTERNATIONAL LTD TYC CASH 100.000 14.4300 1.443.000 5.000 0.3465 VECTOR GROUP LTD VGR CASH 393.008 12.5000 4.912.600 628.813 12.8000 SENTIGEN HOLDING CP RSTD CASH 333.334 5.0000 1.666.670 Total Equities& Options $10.249,770 $633.813 TOTAL EQUITIES $10,249,770 $633.813 YOUR TOTAL ESTIMATED ANNUAL INCOME $698.579 YOUR PRICEDPORTFOLIOHOLDINGS $14,260,070 027 09,2802:12:15 001 V636 EFTA00196591 CLEARED THRWGH ITS wilekLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, bel GO,P. Bear. Stearns 8 Co. Inc. BUR 383 Madison Avenue New York New York 10179 Ore Mon:tech CarrIN Noah BecciCon. New VC* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 5 STATEMENT outo00 August 31.2002 THROUGH Septernter 27.2002 Transaction Detail ACCOUNT NUMBER TAXPAYER AILIUSER On Ale INVESTMENT ACTIVITY LAST STATEMENT August 30.2002 scrump:1 TRADE DATE DATE TRANSACTION DESCRIPTION SY14130LICUSIP CVANTITY PRICE DEBIT AMOUNT CFEDIT A/hOctiT 09127/02 09/20102 BOUGHT VECTOR GROUP LTD VGA 18.714 SEE NOTE'S' ON BACK STK DIV ON 374294 SHS REC 09/20/02 PAY 09127/02 AS OF 09/20/02 TOTAL DEPOSITS AND WITHDRAWALS DATE TPANSACTCN DESORPTION DEBIT AMOUNT CREDIT .),ICIP/1 09/04/02 FND WIRED MDA FNDSWIRED TO 27.000.00 °AIM 09/10/02 FND WIRED MD FNDSWIRED TO 50.000.00 09/13/02 FND WIRED SIIIIMOWIRED TO 25.000.00 09/2032 FND WIRED ta IRED TO 100.000.00 TOTAL S-202.000.00 027 09,2602:13:15 001 V636 EFTA00196592 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, b81 COP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 OtoMeentech CarrIN Noah Beccidon. New Year 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 6 STATEMENT PERIOD August 31.2002 THROUGH Septecnter 27.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMBER On He MONEY FUND ACTIVITY LAST STATEMENT August 30. 2002 DATE Ltacur IRAN StCION DESCRIPTION SYMBOUICVSIP OUANIRY PAGE DENT AMOUNT CREDIT AMOUNT 08/31/02 OPENINGBALANCE 4,002,969.02 09/03/02 DIVIDEND RaYrfillk&SMIIGEMENT-CA. A DICA 6.821.27 MONTHLY DIVIDEND 09/03/02 REINVEST DREYFUS CASH MANAGEMENT-Cl. A DICA 6,821.27 6,821.27 INSTITUTIONAL SHARES DIVIDEND REINVESTED 09/10/02 SOLD DREYFUS CASH MANAGEMENT-Cl. A DICA -100.000 1.0000 100.000.00 INSTITUTIONAL SHARES 09/24/02 SOLD DREYFUS CASH MANAGEMENT-CI. A DICA -100.000 1.0000 100.000.00 INSTITUTIONAL SHARES 09/27/02 CLOSINGBALANCE 3.809.790.29 TOTAL $-6.821.27 $206.821.27 DIVIDENDS DATE OESCRPTHIN SY1.100./C1.13IP OUANMY RATE (E) DENT AMOUNT cnEDIT AMOUNT 09/27/02 VECTOR GROUP LTD VGR 374,294 0.4000 149,717.60 REC 09/20/02 PAY 09/27/02 TOTAL $149,717.60 INTEREST DATE DESCMPTION STAIDOUCLISIP OUNNTRY RATE IV CENT AMOUNT CREDIT AMOUNT 09/23/02 INTEREST ON CREDIT BALANCE 12500 388.19 AT 1 1/4% 08/21 THRU 09/20 TOTAL $388 19 027 DA2602:13:15 001 V636 EFTA00196593 CLEARED THROUGH ITS wilekLY (AM.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saes•ns SON, b81 Gap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Metsolech Contof Noah Beccidon. New Tuft 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 7 STATEMENT PERIOD August 31.2002 THROUGH Septemter 27.2002 ACCOUNT NUMBER TAXPAYER WESER 011Flk Your messages UST STATEMENT MENU 30.2002 Bear, Stearns Securities Corp. Net Capital and Net Capital Securities and other assets in your account are the firm's collateral Requirements: for any margin loan made to you. If the securities and other assets in your account decline in value, so does the value of the collateral At May 31, 2002 and July 31, 2002, the Company's net supporting your loan, and, as a result, the firm can take action, such capital of approximately $2.5 billion and $2.0 billion was as issue a margin call and/or sell securities or other assets in any of approximately 7% and 6% of aggregate debit items and exceeded your accounts held with the member, in order to maintain the required the minimum regulatory net capital requirement of approximately equity in the account. It is important that you fully understand the $679.9 million and $644.8 million by approximately $1.8 billion and risks involved in trading securities on margin. These risks include $1.3 billion, all respectively. the following: A complete copy of the Bear, Steams Securities Corp. Statement You can lose more funds than you deposit in the margin account. of Financial Condition is available on the web site mvw.bearstearns.com Alternatively, to request a free printed copy The firm can force the sale of securities or other assets in your please call -toll free 1.866.299.9331, account(s). The firm can sell your securities or other assets without contacting you. You are not entitled to choose which securities or other assets in your account(s) are liquidated or sold to meet a margin call. The firm can increase its "house" maintenance margin requirements at any time and is not required to provide you advance written notice. You are not entitled to an extension of time on a margin call. 027 OS2802:13:15 001 VS36 EFTA00196594 CLEARED 1HRCO3H ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 130(u.SleamS SOOrIlit1 COH, BEAR Bear. Stearns 8 Co. Inc. Ono Mavotech Confer North 383 Madison Avenue ESteltIgn. New York 1120/3859 STEARNS New York, Nell York 10179 FINANCIAL TRUST COMPANY INC 8 e1 .1 STATEMENT PERIOD AuguSt 31.2002 THROUGH Sweater 27.2002 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT Must 30.2002 This statement is provided to explain Bear. Stearns & Co. Inc.'s (*BSC') payment for order flow practices. Ear Pursuant to SEC Rule 11Ac1-6. please note the following: Bear. Stearns & Co. Inc. will post its quarterly routing statistics at the BSC routes a majority of orders for customer securities transactions following web link: to the primary market for such securities. Orders may also be routed http/www.bearstearns.com/bearsteamstindividualinvestodequititesord to other market service vendors that assure executions pursuant to erroutingpractices.htm complex mathematical formulas at better than the national best bid or best offer (NBB0). BSC receives no cash payment or other Customers of Bear. Stearns & Co. Inc. may request information on consideration for such order routing other than favorable executions or any order executed within the prior six months from the time of the executions of limit orders at no additional charge. request. Specifically, you may request the identity of the venue to which the identified orders were routed for execution, whether the order was directed by you to that venue, and the time of the executions, if any, that resulted from such orders. 027 OS2602:13:15 001 VS36 EFTA00196595 CLEARED THROUGH ITS ?RIMY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saes•ns SON, b81 GNP Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 CeoLlevetech CarrIN Noah Beccidon. New Tuft 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 9 STATEMENT PERIOD August 31.2002 THROUGH Septernter 27.2002 ACCCUNT NUMBER TAXPAYER WESER 011Flo LAST STATEMENT August 30. 2002 The following account service fees will be charged to applicable NOTICE OF CHANGE PURSUANT TO THE TRUTH IN LENDING 11W accounts as of November 1, 2002: SEC RULE 10b•16 The service charge per transaction will be $5.00. Accounts Effective as of November 15, 2002, the annual rate of interest charged transferred from Bear Steams will be charged a $75.00 account on any credit extended to you by Bear Steams Securities for the transfer fee. There will be a $50.00 fee for each stock certificate purpose of purchasing, carrying or trading in any security or other that is sent out in registered form at the customers request, We property shall be based on either the Bear Steams Margin Basis Rate, strongly recommend against holding stock certificates in physical the Bear Steams Securities Fed Funds Rate or the London Interbank form due to the possibility of theft, loss or damage. Offering Rate ("LIBOR'). The Bear Steams Margin Basis Rate will be quoted daily by Bear Steams at our main office in New York, Factors affecting the determination of the Bear Steams Margin Basis Rate will include the short-term market interest rates quoted by money center banks and the Federal Reserve and the rate that Bear Steams is charged for borrowing money, The Bear Stearns Securities Fed Funds Rate is the rate for U.S. dollar funds, as quoted by an independent broker of such funds selected by Bear Steams Securities for the last transaction completed prior to 9:30 a,m, (Eastem Time) on the business day on which such rate is determined. The annual rate of interest will be no more than 3% above the Bear Stearns Margin Basis Rate or 4% above either the Bear Stearns Securities Fed Funds Rate or LIBOR and will appear on your monthly statements. Since the rate of interest charged is related to the Bear Stearns Margin Basis Rate, the Bear Steams Securities Fed Funds Rate or LIBOR, any changes in these rates will cause corresponding changes in the rate charged to your account, which changes will be made without prior notice to you. If for any other reason Bear Stearns Securities changes the rate of interest it charges you, we will give you at least 30 days prior notice. The 'Statement of Interest Charges Pursuant to the Truth•in•Lending' SEC Rule 10b-16" previously provided to you remains in effect except to the extent specifically amended by this notice. 027 01622/02;12:16 001 VS36 EFTA00196596 CLEARED THROUGH NS OUt•E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 840f. Steam* SOUrititt Cap. Bear. Stearns & Inc. BEAR 383 Madison Avenue New York Nell York 10179 Ctc Lletsolech Coma North Betatron. Hew Ye* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC STATEMENT PERIOD July 27.2002 ACCOUNT EXECUTIVE HERMAN.IRA TELEPHONE THROUGH August 30.2002 VISIT OUR WESSITE iVIAV.uearstearns.com ACCOUNT NUMBER What's In This Statement III I 11 11I II I II TAXPAYER NUMER On Fda LAST STATEMENT July 26.2002 Financial Summary 3 FINANCIAL TRUST COMPANY INC 4 C/0 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 TOTAL VALUE OF SECURITIES THIS PERM 10,931,710 Cash & Echrialenr 16.272.955 NET CREDIT BALANCE 52,404 110.931,710 Equities mi tarn?) ”444.""= " er 19 199 265 : $40.000 MONEY MARKET FUND BALANCE 4,002,969 IN Current market value NET EQUITY THIS PERIOD $14,987,083 Last statements market value 1=11 Short market value NET EOUITY LAST STATEMENT 15,432,210 CHANGE SINCE LAST STATEMENT -445,127 There are no 'Stop Lose orders or other pending buy or sell open orders on tile for your account. Roza loped any aroma* a ft:onion% of torn or stocks, odicolod as 6:11(00X1 to you. St nos army./ Is fa dOrIMBORal rants only IBM girded as a u. Swa n b al0111 Sonic*. at 80004-142ft or yet to ChM Sconces a Boot Stowe SccoMos Ilvs staternorO should be maned for your records Soo worn sea fa swan nrcastife Cap.. One Lletoloch Cool., North. 13rooN>n, NY 11201/059 027 OG31.02:13:23 001 V586 EFTA00196597 CLEARED 1HROUGH NS wilekLY 0"E0 SUBSIDIARY Beer. SZeirns SON, b81 Cap. Ceol.letioloch Cantot Noah Becck/on. New VC* 11201.3859 FINANCIAL TRUST COMPANY INC 2 ol STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0I191,02:13:23 001 V588 EFTA00196598 CLEARED THRWGH ITS vnlOUv OHnE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC,M*1 GOO. Bear. Steam 8 Co. Inc. BUR 383 Madison Avenue New Y New York 10179 Ce4LIevolech Contec Noah &wool. New To* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 3 STATEMENT PERK* Jul/ 27. 2002 THROUGH August 30.2002 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER AMBER Cti File THIS PERICO OPENING CLOSNO LAST STATEMENT Jul/ 26. 2002 Opening Balance $2,572,954.86 Cash 72.954.86 52,403.73 Money Fund 1,202,969.02 Margin 2,500,000.00 0.00 Dividends Interest 1,707.62 Net Cash Balance $2.572.954.86 $52.403.73 Amount Credited $1.204.676.64 Securities Bought -2.160.258.75 Money Fund -1.50Z969.02 Income Summary TM PERIOD YEAR TO DATE Funds Withdrawn -62.000.00 Dividends 2.969.02 775,750.74 Amount Debited $-3 725 227.77 Credit Balance Int. 1.707.62 16,376.77 Net Cash Activity -2,520.551.13 Total $4,676.64 $792.127.51 ClosingBalance $52,403.73 Foreign Tax Withheld 0.00 -4,500.00 Same Oaf lenitive or oath 04finion acccul twos are na included in teb Your Portfolio section: such ininitars. as will at &nail log as Mar transactions Hs pined. Allocation *fear m Transacli:n Dotal. Portfolio Composition Cashtash Equivalent 4.055.373 Equities 10.931.710 Cash 8 Equivalent 28% Total $14.987.083 - Equities 72% Um/void sono, s 0ervie Oahe Mona, *NW Ihol male veva, The olooihm ;evenly" to owed Iron to ebiot.te market rat), of )vv port100 027 OB•21,02:12:23 001 v566 EFTA00196599 CLEARED THROUGH ITS niCkLY OHNE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeinn SON,Nel Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 CeoLlevoiNII Contec Noah NoStron. New Year 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 4 STATEMENT PER100 JO/ 27. 2002 THROUGH August 30.2002 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER saiss3ER On File LAST STATEMENT Jug 26.2002 MARKET ESTIMATED CURPENT DESCRIPTION SIMBOLCUSiP QUANTITY PRICE VALUE AANUAL MCCUE Y0.0 1%) CASH BALANCE 52,404 DREYFUS CASH MANAGEMENT-CL A DICXX 4.002.969.02 1.0000 4.002.969 68.050 1.7000 INSTITUTIONAL SHARES EST, 30 DAY AVG VIEW 1,7300% TOTAL CASH & CASH EQUIVALENTS $4.055.373 $68.050 EQUITIES Equities & Options ACCT MARKET ESTIMATED CURRENT DESCRFRON SYAIBOUCUSIP TYPE OUANSTY PRCE VALUE ANNUAL NCOME VELD IN) FLEXTRONICS INTERNATIONAL FLEX CASH 100,000 9.4700 947.000 LTD GALYANS TRADING INC GLYN CASH 150.000 10.6400 1.596.000 TYCO INTERNATIONAL LID NC CASH 100.000 15.6900 1.569.000 5.000 0.3187 VECTOR GROUP LTD VGR CASH 374.294 13.9900 5.236.373 598.870 11.4367 SENTIGEN HOLDING CP RSTD CASH 333.334 4.7500 1.583.337 Total Equities& Options $10,931,710 $603,870 TOTAL EQUITIES $10.931,710 $603,870 YOUR TOTAL ESTIMATED ANNUAL INCOME $671.920 YOUR PRICEDPORTFOLIOHOLDINGS $14,987,082 027 DISSIA32:12:23 001 V868 EFTA00196600 CLEARED THROUGH ITS v/HMAY CAMLBO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZetrns SOC,rthel G0f9. Bear. Stearns 8 Co. Inc. BffiR 383 Madison Avenue 10179 Cr.* Meveleen Conte< Noah Beeciam. New Te" 11201.3859 STffiRNS New York New York FINANCIAL TRUST COMPANY INC 5 c, STATEMENT PERM Jul/ 27.2002 THROUGH August 30.2002 Transaction Detail ACCOUNT NUMBER TAXPAYER WIPER On Fite INVESTMENT ACTIVITY LAST STATEMENT Jul, 26.2002 scrtEmcni TRADE DATE DATE TRANSACTION DESORPTION STIMONCLISIP OURNITTP PMCE DEBIT AMOUNT GREG, ANIOLN7 08121/02 EXPIRED CALL TOO INC AUG 030 CBOE 8903339142 2,000 EXP 08/17/2002 08126/02 08/21102 BOUGHT GALYANS TRADING INC GLYN 87,500 14/8490 1,297,181.25 UNSOUCRED AVG PRICE: DETAILS ON REQUEST AS OF 08121/02 bk•7/M åb •u•6H11 dALYAA1Mbilkad •Nit 0.5bo 13.74920 8n.677.50 UNSOUCITED AVG PRICE: DETAILS ON REQUEST 08127/02 JOURNAL GALYANS TRADING INC GLYN 62,500 JOURNAL FROM TYPE 2 TO 08127/02 JOURNAL GALYANS TRADING INC GLYN -62,500 JOURNAL FROM TYPE 2 TO TOTAL $-2.160.258.75 DEPOSITS AND WITHDRAWALS DATE TRANSACTCN DESCRP'0, CENT AMOUNT CREDIT AMOUNT 08107/02 FND WIRED MOM ENDSWIRED TO 32.000.00 08120/02 FND WIRED MDA1 ENDS WIRED TO 30.000.00 BANKFDi. TOTAL $62.000.00 027 01121,02:12:23 001 PSBR EFTA00196601 CLEARED THRWGH ITS wilecre OHnE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeirns SOC,M*I GNP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ono Metecicch Cardet Noah Beccnon. New Year 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 6 STATEMENT PERK* Jul/ 27. 2002 THROUGH August 30.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER PANSER On File MONEY FUND ACTIVITY LAST STATEMENT Jul, 26. 2002 DATE 1.130AT TRANSICIEN DESCRIPTION symexcusip oupwrny PRISE DEBIT AMOUNT CREDIT AMMO 07/27/02 OPENINGBALANCE 3.700,000 07/29/02 BOUGHT RintiaN ittaliGEMENT-CA. A DICA 1.500.000 1.0000 1.500.000.00 07/30/02 SOLD DREYFUS CASH MANAGEMENT-CA. A DICA -200.000 1.0000 200.000.00 INSTITUTIONAL SHARES 08/01/02 DIVIDEND DREYFUS CASH MANAGEMENT-CA. A DICA 2.969.02 INSTITUT SHARES MONTHLY DIVIDEND Wiry& AbitergY bYltYrLIB trA$H itAWAdtMEhlra. A ri1C bt 2.969.0k 2.96§.b INSTITUTIONAL SHARES DMDEND REINVESTED 08/23/02 SOLD RAMMenet GEMENT-CL A DICA -1.000.000 1.0000 1.000.000.00 08/30/02 CLOSINGBALANCE 4.002.969.02 TOTAL $-1.502,969.02 $1.202.969.02 INTEREST DATE DESCRIPTION STAIDOUCUSIP GUMMY RATE IY4 DEBIT AMOUNT CREW AMOUNT 08/21/02 INTEREST ONCREDIT BALANCE 12500 1.707.62 AT 1 1140: 07.21 THRU 08,20 'CAL $1,707.62 MISCELLANEOUS DATE Matte TRANSACTeN DESCRIPTON DENT AMOUNT CREPT MOUNT 07/29/02 JOURNAL JOURNAL FROM TYPE 2 TO 1 1,427,045.20 027 OB/31,02:13:23 001 VHS EFTA00196602 CLEARED THRWGH ITS ?RIMY 0\M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns S0C,nbel CRP Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Meesetech Cella Noah BredCon. New Year 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 7 STATEMENT PERIOD JO/ 27. 2002 THROUGH August 30.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER RIMER On FIk MISCELLANEOUS (continued) LAST STATEMENT Jul/ 26. 2002 DATE TOMMY TRANSACTOR DESCRIPTOR DEBIT AMOUNT CREC1T MOUNT 07/29/02 JOURNAL JOURNAL FROM TYPE 2TO 1 1,427,045.20 08/27/02 JOURNAL JOURNAL FROM TYPE 2 TO 1 209,877.30 08/27/02 JOURNAL JOURNAL FROM TYPE 2 TO 1 209,877.30 TOTAL $1.636,922.50 31.638,922.50 End of Statement 027 02/3I/02;13:21 001 YBBB EFTA00196603 CLEARED 1HRCO3H ITS WilOu.sr ORYJED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear. Steams Se•uM*1 Gap Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York Nell York 10179 Ono tiottotech Confer Noah Brock/tn. New Tom I1201.38S9 STEARNS FINANCIAL TRUST COMPANY INC STATEmENT PERIOD June 29.2002 ACCOUNT EXECUTIVE ZI3HEHMAN.IRA TELEPHONE THROUGH Jut/ 26.2002 VISIT OUR WEBSITE AyAymea'stearrs.coni ACCOUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER sulliER On FIN LAST STATEMENT June 28.2002 Financial Summary 3 FINANCIAL TRUST COMPANY INC 4 C.I0 AMERICAN YACHT HARBOR • Your Portfolio Holdings 6100 RED HOOK SUITE 8-3 Transaction Detail 5 QUARTERS #2 Fund Activity 5 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash S Equvalent 56.272,955 TOTAL VALUE OF SECURITIES THIS PERIOD 9.159.255 $6.273.080 NET CREDIT BALANCE 2.572.955 59.199,255 : $.40.000 Equines — MONEY MARKET FUND BALANCE 3,700.000 M!! !!. 88.897.244 : 8-310.000 Current market value NET EQUITY THIS PERIOD $15.432,210 MI Last statements market value Short market value NET EQUITY LAST STATEMENT 14,860.324 CHANGE SINCE LAST STATEMENT 571.886 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Ple.mo meal oaf clIforonoo a nontoctiot of anus or stocks. calcolal as &Orogen lo lo Clan Sonic°. al 800614-1428: a Mt to Clam Bonk.. M Boat. Steam &conies Oat> . One LloYolech Conk. North. BrooNyn N Y 112014059 Sr StowatY a Ia elkuneeoliel Reposes rat t irlOrlded n Um downed Rae scatitnere shale be atoned for yew records Sea revers* snle tar rreortett Warman:a 027 074702:17:22 001 Y565 EFTA00196604 CLEARED 1HROUGH RS wilekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, b81 GOO. CcoMetsolech Cantot Noah Broeklln• New Ye* 11201.3859 FINANCIAL TRUST COMPANY INC 2 ol STATEMENT BACKER IS PRINTED ON THIS PAGE 027 07,2702:17:22 001 V565 EFTA00196605 CLEARED THROUGH na niCkLY Oene0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SOenten Cory. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ono/kenleen Contot Noah Beccknn. New rant 11201.3559 STEARNS FINANCIAL TRUST COMPANY INC 3 STATEMENT PERK* June 29.2002 THROUGH Jut/ 26.2002 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER KAMER On File THIS PEFICO OPENNO COMO LAST STATEMENT June 28.2002 Opening Balance $2.361,127.95 Cash 329,127.95 72.954.86 Securities Sold 136.253.24 Margin 2.032.000.00 2.500.000.00 Money Fund 26,677,775.53 Net Cash Balance $2,361,127.95 $2,572,954.86 Funds Deposited 3,000,000.00 Dividends Interest 4.149.63 Miscellaneous 23,201,750.00 Income Summary Amount Credited $53.019.928.40 TIC PERIOD YEAR TO DATE Dividends 63,724.48 772,781/2 Securities Bought -1,406.002.50 Credit Balance Int. 4,149.63 14,669.15 Money Fund -26,402,098.99 Miscellaneous -25,000,000.00 Total $67.874.11 $787.450.87 Foreign Tax Withheld 1,750.00 -4.500.00 Amount Debited $-52.808.101.49 Your Portfolio Net Cash Activity 211.826.91 Allocation Closing Balance $2,572,954.86 Portfolio Composition Same Oaf fannies ot cash bats/ran mccuri bp°' ato oe incknlod in Min cocoon: such transfers. as well z &dais lor as Wee icansstkons Hs period. pi LONG appeal in Trare.xlicn Dotal. CaslvCash Equivalent 6.272,955 Equities 40,000 9.199,255 Cash 8 Equivaleni 40% Total $40,000 $15,472,210 Equities 59% nat.:Mod pylons Oen,* OW 010, o, antra* Ihrl mactet voLes The elorahr certemar is Owed Prom to obsol.te trance rat), al >vv palkno 027 07.2702:17:22 001 V565 EFTA00196606 CLEARED THROUGH ITS vniCkLY OUP.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. Steens Seennel COP Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Cc* Mosaion Canto Noah Beccioon. New Ton 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 4 ci STATEMENT PERK* June 29.2002 THROUGH Julj 26.2002 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER AMMER On Ale LAST STATEMENT June 28.2002 MARKET ESTIMATED UIRP£NT DESCRPTION S/MBOLCUSiP QUANTITY PRICE VALUE intWE YIELD MI CASH BALANCE 2,572,955 DREYFUS CASH MANAGEMENT-CL A DICXX 3.700.000 1.0000 3,700,000 62.900 1.7000 INSTITUTIONAL SHARES EST, 30 DAY AVG VIEW 1,7000% TOTAL CASH & CASH EQUIVALENTS $6.272.955 $62.900 EQUITIES Equities & Options ACCT MARKET ESTIMATED CURRENT DESORPTION PTIBOUCUSIP wn oustur PRCE VALUE ANNUAL &COME VELD re FLF_XTRONICS INTERNATIONAL FLEX CASH 100,000 7.0300 703.000 LTD TYCO INTERNATIONAL LTD TYC CASH 100.000 12.0300 1.203.000 5.000 0.4156 CALL TOO INC AUG 030 CBOE TOOHF MRGN -2.000 0.2000 -40,000 08/17/2002 VECTOR GROUP LTD VGR CASH 374.294 15.4600 5.786,585 598.870 10.3493 SENTIGEN HOLDING CP RSID CASH 333.334 4.5200 1.506.670 Total Equities& Options $9.159,255 $603.870 TOTAL EQUITIES 59.159.255 $603.870 YOUR TOTAL ESTIMATED ANNUAL INCOME $666.770 YOUR PRICEDPORTFOLIOHOLDINGS $15.432.209 027 082802:17:22 001 V565 EFTA00196607 CLEARED THRWGH ITS CAMPO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOOrPel GOP Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Metsclech Camp Noah Beccidon. New Year 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 5 STATEMENT PERK* June 29.2002 THROUGH Jul/ 26.2002 Transaction Detail AGLOW! NUMBER TAXPAYER WIPER On PIM INVESTMENT ACTIVITY LAST STATEMENT June 28.2002 SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION SYTABOIAUSIP OWJTITY PRICE DEED AMOUNT CHEM MOM 07/03/02 06/28/02 BOUGHT TYCO INTERNATIONAL LTD TYC 100,000 14.00000 1,406,002.50 UNSOUCITED AS OF 06/28/02 bnibrb 67/64/6 Mies. 166 Aud oo ,doo 0.70 ao EXP 08/17/2002 AVG PRICE SHOWN-DETALS ON REO ACTUAL CaFIRM TO YOUR AGENT OPEN CONTRACT UNSOLICITED AS OF 07/09102 07/24/02 EXPIRED CALL TOO INC JUL 030-- 890333964 2.000 EXP 07/20/2002 TOTAL $-1.406.002.50 $136.253.24 DEPOSITS AND WITHDRAWALS DATE TRAAISACKel DESCRPTION DEBIT Amcor CREDIT AMOUNT 07/12/02 FUNDS REC FNDS OAREDHOCIBANK TIBANK FROM 3.000.000.00 c TOTAL $3,000.000.00 MONEY FUND ACTIVITY DATE MODAT TRANSACTION DESCRIPTION SYMODUCUSIP OUNYTITY PRCE DEBIT AMOUNT CREDIT AMOUNT 06/29/02 OPENINGBALANCE 3,911,952.06 07/01/02 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICXX 52.098.99 INSTITUTIONAL SHARES MONTHLY DIVIDEND 027 07,27.02:17:22 001 V565 EFTA00196608 CLEARED THROUGH ITS 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, bel GNP Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Mem:tech Contec Noah Seccidon. New Ye* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 6 STATEMENT PERK* June 29.2002 THROUGH Jut/ 26.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMBER On PIM MONEY FUND ACTIVITY (continued) LAST STATEMENT June 28.2002 DATE AKRDAT TELMJSICTKBI DESCRIPTCN STMEOICIAIP own PACE DEBIT AMOUNT mon AMOUNT 07/01/02 REINVEST laYrtilf&SWARGEMENT-CL A DIC>C< 52,098.99 52,098.99 DIVIDEND REINVESTED 07/02102 BOUGHT A DICT3 22.650,000 1.0000 22.650.000.00 RECHASUM GEMENT-CL 07/02/02 SOLD DREYFUS CASH MANAGEMENT-CL A DICT3 -2,000.000 1.0000 2,000,000.00 INSTITUTIONAL SHARES 07/10/02 SOLD A DICT3 -1,395,000 1.0000 1,395,000.00 RECHASUM GEMENT-CL 07/12/02 SOLD DREYFUS CASH MANAGEMENT-CL A DICT3 -23.219,051.05 1.0000 23,219,051.05 INSTITUTIONAL SHARES 07/15/02 DIVIDEND fraYrtaaSMGEMENT-CL A DIC/3 11,625.49 DIV 07/16/02 BOUGHT PErnaSMitGEMENT-CL A DIC/3 3.700.000 1.0000 3.700.000.00 07/26/02 CLOSINGBALANCE 3.700.000 TOTAL $-26,402,098.99 $26,677,775.53 INTEREST DATE OESCRPDON STMECUOUSIP OUANTITY RATE IY4 DEBT AMOUNT GRECO AMOUNT 07/22/02 INTEREST ONCREDIT BALANCE 1.2500 4.149.63 AT 1 1/4% 06/21 THRU 07/20 TOTAL $4.149.63 027 0727.02:17:22 001 v56".. EFTA00196609 CLEARED THROUGH ns vngxlv OME0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns CO,P. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Mevolech CarrIN Noah Beccidon. New Ye* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 7 STATEMENT PERIOD June 29.2002 THROUGH Jul/ 26.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER WESER Cfl File MISCELLANEOUS LAST STATEMENT June 28.2002 DATE MOAT TRANSACTCN DESCRIPTION DEBIT AMOUNT MAT AMOUNT 07/01/02 JOURNAL FROM: XSI USD 23,200,000.00 PER WA • JRL ' 67/6±r& J6Lltiblbi J Fla ?l:IdiA rift fro 5.000.000.00 07/02/02 JOURNAL JOURNAL FROM TYPE 2 TO 1 23.000.000.00 07/05/02 JOURNAL 1.750.00 RCLMS . 0 ADFtS 07/12/02 JOURNAL JOURNAL FROM TYPE 1T02 131.746.76 07/12/02 JOURNAL 25.000.000.00 PER REO FROM J.EPSIEIN 07/12/02 JOURNAL JOURNAL FROM TYPE 1702 131,746.76 TOTAL $-48 131 746.76 $46 333 496.76 End of Statement 027 07,27,02:17:22 001 V565 EFTA00196610 CLEARED THROUGH ITS niter? OHnE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. &tors SOC‘ribtl Corp. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ore Mcoolesh Conter North &Wort New Tom 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC ACCOUNT EXEC...-.'it ZICHERMAN.IRA STATEMENT PERK* June 1.2002 TELEPHONE THROUGH June 28.2002 VISIT OUR WEBSITE 67AV.uearstearns.com ACCOUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER humBER On File LAST STATEMENT May 31.2002 Financial Summary 3 FINANCIAL TRUST COMPANY INC Your Portfolio Holdings 4 C/O AMERICAN YACHT HARBOR • 6100 RED HOOK SUITE B-3 Transaction Detail 5 QUARTERS #2 Fund Activity 6 ST THOMAS VI 00802 Trades Not Yet Settled 9 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURITIES THIS PERE° 8,587,244 Cash 8 &protein —11,0 aideacc connzom mommn ulwailltnnuiwzmn- " C“13 —sLI $46.067,154 NET CREDIT BALANCE 2,361,128 8.897.244 : 8-310.000 Equities MONEY MARKET FUND BALANCE 3,911,952 mom S12.097.949 : S-320.000 NM Current market value NET EQUITY THIS PERIOD $14,860,324 Last statements market value Short market value NET EQUITY UST STATEMENT 57,795,103 CHANGE SINCE LAST STATEMENT -42,934,779 There are no 'Stop Loss' orders or other pending buy or sell open orders on tile for your account. Plaza sped any Mame a contostist of stocks or stocks. ocuadod as claltroted to p5u. SaImettool etneses PNy t N rack "'eroded as a Um (Winer" lo Clem &onion at 800614.14211: a yet to clam SONIC.. at 8020. Steam &comes Cap.. Doe lAttoloch Cala North. BrooNyn, NY II201-3859 Sit INS SmYsTRTY a Ilvs stateroom should be retanecl for your records Soo memo seSe for mortars elonYoron 027 06.28132:10:49 001 VS63 EFTA00196611 CLEARED 1HROUGH RS wilekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, b81 00,8. Ceol.levalech Cantet Noah Broeklln• New Ye* 11201.3859 FINANCIAL TRUST COMPANY INC 2 al 9 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 06.2802:10:49 001 V583 EFTA00196612 CLEARED THROUGH ITS ?mewl OBBE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szea•ns Socw.ber Co'P. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ore Mem:leen Cella North Beccidon. New Tuft 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 3 o STATEMENT PER100 June 1.2002 THROUGH June 28.2002 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER AMBER On AM THIS PEPo00 CABINS CLOSING LAST STATEMENT May 31.2002 Opening Balance $110,868.36 Cash 110.868.36 329.127.95 Securities Sold 2,085,531.65 Margin 0.00 2,032,000.00 Money Fund 42,165,666.11 Net Cash Balance $110,868.36 $2.361.127.95 Dividends/Interest 199,730.44 Miscellaneous 4,687.50 Amount Credited $44.455.615.70 Income Summary RIG PEIe0p YEAR TO DATE Securities Bought -1.110.002.50 Dividends 240.383.71 709.057.24 Money Fund -65.666.11 Credit Balance Int. 6,262.84 10,519.52 Funds Withdrawn -41,000,000.00 Dividends/Interest Charged -18.750.00 Total $246.646.55 $719,576.76 Miscellaneous -10.937.50 Foreign Tax Withheld -6.250.00 -6,250.00 Your Portfolio Amount Debited $42,205.356.11 Allocation Net Cash Activity 2.250.259.59 Portfolio Composition ClosingBalance $2 361 127.95 SHORT LONG Same day to Len oi cash beMote mewl Rpm we net in:Its:WWII* sake: such harem as well as details Ice all Ow framerOre Ma period. CashiCash Equivalent 6.273.080 appeal in Transmban Debt Equities 310.000 8.897.244 Cash 8 Equivalent 41% Total $310.000 $15.170.324 Equities 67% Short Equities 2% Un*oded rotor,' canoe eat 0re, ce anew that marks votes Re elorahr ;evenly, is Owed hem to atnal.te market rat), of sev patio" 027 064291:12:10:69 001 V563 EFTA00196613 CLEARED THROUGH ITS LIHCLLY OWLE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns Seenten Cory. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 CroLlevoicen Cantet Noah Becciont New Yon 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 4 0 STATEMENT PERK* June 1.2002 THROUGH June 28.2002 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER AVVSER Ql File LAST STATEMENT May 31.2002 MONET ESTIMATED CURRENT DESCRPRON SYMBOUOJSIP QUANTITY PRICE VALUE MINION. PLOY& yea rq CASH BALANCE 2.361.128 DREYFUS CASH MANAGEMENT-CL A DICXX 3,911,952.06 1.0000 3,911,952 70,415 1.8000 INSTITUTIONAL SHARES ESL 30 DAY AVG VIEW 1.8000% TOTAL CASH & CASH EQUIVALENTS $6.273.080 $70,415 EQUITIES Equities & Options ACC! MRCP ESIMMIO CLRILEN' DESCRPTON S'IMBWCUSIP TITS OVALMTY PRCE VALUE ANNUAL 1.COME ,E.0 I', FLF_XTRONICS INTERNATIONAL FLEX CASH 100,000 7.1300 713.000 LTD CALL TOO INC JUL 030 TOOGF MRGN -2.000 1.5500 -310.000 DP 07/20,2002 VECTOR GROUP LTD VGR CASH 374.294 17.6000 6.587.574 598.870 9.0909 SENTIGEN HOLDING CP RSTD CASH 333.334 4.7900 1.596.670 Total Equities& Options $8.587.244 $598.870 TOTAL EQUITIES $8.587.244 $598.870 YOUR TOTAL ESTIMATED ANNUAL INCOME $669.285 YOUR PRICED PORTFOLIOHOLDINGS $14.860.323 027 062902:10:49 001 V563 EFTA00196614 CLEARED THROUGH ITS 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON•Pel GOP Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Dec Mem:tech Car:Ng Noah Seccidon. New VC* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 5 STATEMENT PERIOD June 1.2002 THROUGH June 28.2002 Transaction Detail ACCOUNT NUMBER TAXPAYER WIPER On File INVESTMENT ACTIVITY LAST STATEMENT May 31.2002 SETTLEIAENT TRADE DATE DATE TRANSACTION DESORPTION SY1AI3OLICUSP GANTRY PRIDE DEBIT AMOUNT CREPT ANIOV.T celofo2 06/05702 BOUGHT FLEXTRONICS INTERNATIONAL FLEX 100.000 11.10000 1,110,002.50 LTD UNSOLICITED WE MAKE A MKT IN THIS SECURITY REPORTED PRICE 11.040000 DEFERENCE + 0.060000 06/17/02 06/12/02 SOLD CNH GLOBAL E. CNH .250.000 4.00280 988.167.37 AVG PRICE SHOWN-DETALS ON REO ACTUAL CalFIRM TO YOUR AGENT UNSOLICITED 06/19/02 06/14/02 SOLD CHARLES SCHWAB CORP NEW SCH .100.000 11.03400 1.097.364.28 AVG PRICE SHOWN-DETALS ON REO ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED TOTAL $ 110.002.50 $2.085.531.65 DEPOSITS AND WITHDRAWALS CREDIT AMCip/T MD ENDS WIRED TO 06/19/02 FND WIRED MDA ENDS TO 4.000.000.00 06/26/02 FND WIRED MDA INS DSWIRED TO 25.000.000.00 06/27/02 FND WIRED MO! NDS WIRED TO 3.000.000.00 06/27/02 END WIRED MDA FNDSWIRED TO 7.000.000.00 027 0529 02:10:49 091 v563 EFTA00196615 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, bel COP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Cc* Montech Contec Noah ReedCon. New Year 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 6 STATEMENT PERK* June 1.2002 THROUGH June 28.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMBER On File DEPOSITS AND WITHDRAWALS (continued) LAST STATEMENT May 31.2002 DATE TPANSACTOt. DESCPP'ICII CEBU AMOUNT CREDIT AMOUNT 06/28/02 END WIRED MOM ENDS WIRED TO 1.000.000.00 SOLD DREYFUS TOTAL 6-41.000.030.00 MONEY FUND ACTIVITY DATE MOAT TRANSACTION DESCRIPTION SYLIECUCLISIP OUMRRT PACE DEBIT AMOUNT CREDIT AMOUNT 06.411/02 OPENINGBALANCE 45,946,285.95 06/03/02 DIVIDEND RARLMSMIIGEMENT-CA. A DICXX 65.666.11 MONTHLY DIVIDEND 06103/02 REINVEST RactlfaSMIIGEMENT-Cl. A DICXX 65.666.11 65.666.11 DIVIDEND REINVESTED 06/64/& §olb 15WEWLIS casesitAWAMANYta. A bioN -1.000.000 1.0000 1,000,000.00 INSTITUTIONAL SHARES 06/05/02 SOLD DREYFUS CASH MANAGEMENT-CA. A DICXX -2.000.000 1.0000 2,000,000.00 INSTERGIONAL SHARES 06/12/02 SOLD RIMaSUARGEMENT-CL A DICXX -1.100.000 1.0000 1,100,000.00 06/24/02 SOLD DREYFUS CASH MANAGEMENT-CL A DICXX -2.000.000 1.0000 2.000.000.00 INSTITUTIONAL SHARES 06/26/02 SOLD REMWM GEMENT-CL A DICXX -25.000.000 1.0000 25.000.000.00 06/27/02 SOLD DREYFUS CASH MANAGEMENT-CL A DICXX -3.000.000 1.0000 3.000.000.00 INSTERGIONAL SHARES 06/27/02 SOLD MN GEMENT-CL A DICXX -7.000,000 1.0000 7.000.000.00 OS(28/02 SOLD DREYFUS CASH MANAGEMENT-CL A DICXX -1.000.000 1.0000 1.000.000.00 INSTITUTIONAL SHARES 027 06,2902:10:49 001 V%3 EFTA00196616 CLEARED IHRWOH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. SZeirns S0C,nbel Cory. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ore Meesetech Cella Noah Beccidon. New Ye* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 7 ol STATEMENT PERM June 1.2002 THROUGH June 28.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMBER OR File MONEY FUND ACTIVITY (continued) LAST STATEMENT May 31.2002 DATE LIOPDAY TRINSACTiON DESCRIPTION SYMBCLCUSIP CVANiry PLACE DEBIT AMOUNT CREDIT AMC/41 0628:02 CLOSINGBALANCE 3.911.952.06 TOTAL $.65.666.11 $42.165.666.11 DIVIDENDS DATE DESORPTION STME/CIAVSIP MANION' RATE IS) DEBT AMOUNT CRECIT AMCUNT 06/03/02 CNH GLOBAL E. CNH 250.000 0.0750 18.750.00 REC 05/20102 PAY 0003/02 WH 4.687.50 FOREIGN TAX WITHHELD 06/04/02 CNH GLOBAL ■. CNN 18.750.00 RD 05/20 PO 06103 RT .07500 CSH DP/ ON 250000 SHS REVERSE 5/20 DIV FOR RATE ADJ T0.100 06/04/02 CNH GLOBAL ■. CNN 25.000.00 RD 05/20 PO 06/03 RT .10000 CSH DP/ ON 250000 SHS 6/3102 DIV PMT RATE ADJ TO .10 06/2802 VECTOR GROUP LTD VGR 374,294 0.4000 149,717.60 REC 06/24/02 PAY 002802 TOTAL $.23.437.50 $193,467.60 027 OS21O2:1O:49 O01 VS63 EFTA00196617 CLEARED THROUGH ITS niCkLY OHnE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. szeirns soc,m*, GNP Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 0-4 Mevolech Cantet Noah Beccidon. New Ye* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 8 STATEMENT PERK* June 1.2002 THROUGH June 28.2002 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER NUMBER Ofl FOE INTEREST LAST STATEMENT May 31.2002 DATE DESCRPTKIN SYMEICIAUSIP OVA CITY RATE IY4 DEBIT AMOUNT CREDIT AMOUNT 06/26/02 INTEREST ON CREDIT BALANCE 1.2500 6,262.84 AT 1 1/4% 05/21 THOU 06/20 TOTAL 36,262.84 MISCELLANEOUS DATE 1.13DAT TR/MACON DESC-AIPTION DEBIT AMOUNT CPEOIT AMOUNT 06/04/02 JOURNAL CNH GLOBAL a RD 05/20 PD 06/03 RT .25000 6,250.00 DIWINT WILD 6/3/02 DIV PMT RATE ADJ TO .10 06/04/02 JOURNAL CNH GLOBAL 4,687.50 RD 05/20 PD RT 25000 DIV/INT WILD REVERSE 5/20 DN FOR RATE ADO TO .100 06/04/02 JOURNAL JOURNAL FROM TYPE 1 TO 2 2,032,000.00 06/04/02 JOURNAL JOURNAL FROM TYPE 1 TO 2 2,032,000.00 TOTAL 3.2,038,250.00 $2,036,687.50 027 08/29032:10:49 001 V583 EFTA00196618 CLEARED THROUGH ITS niCkLY 0%M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, b91 Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Momloch Contof Noah Beccidon. New Tuft 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 9 STATEMENT PERK* June 1.2002 THROUGH June 28.2002 ACCOUNT NUMBER Trades Executed Pending Settlement TAXPAYER WESER On File LAST STATEMENT May 31.2002 SETREMENT TRADE DATE DATE 'RtrisCION DESCRIPTION STIA3OLCUSIP CIUMFTITY srocE DEBIT AMOUNT CREPT AMOuNT 07/03/02 06/28/02 BOUGHT TYCO INTERNATIONAL LTD NC 100.000.00 14 1.406.002.50 TOTAL $1.406,002.50 $0.00 The oboe fl oes Ql nol (ppm in ow own mow or our slalowet End of Statement 027 062902:10:49 001 V563 EFTA00196619 CLEARED IHRCUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACOOLM BOW. Stearns SOWERS COT. Bear. Stearns 8. Co. Inc. BffiR 383 Madison Avenue New York Nave York 10179 Ono Metrotech Conte Noah Brecetign. Now York 1120/.3859 STMRNS FINANCIAL TRUST COMPANY INC STATEMENT pcs000 kril 27.2002 ACCOUNT EXECUTIVE C.HERMAN.IRA TELEPHONE THROUGH May 31.2002 VISIT OUR WEBSITE ei'mv.uearstearns.corn ACCCUsIT NUMBER What's In This Statement 11111111111111111 II TAXPAYER NUMBER On Ale Last STATEMENT April 26.2002 Financial Summary 3 FINANCIAL TRUST COMPANY INC C/0 AMERICAN YACHT HARBOR Your Portfolio Holdings 4 6100 RED HOOK SUITE B-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 fourslent H 154 TOTAL VALUE OF SECURITIES THIS PERIOD 11.737.949 $58.173.736 NET CREDIT BALANCE 110.868 $12.057.949 $320.000 Equitre MONEY MARKET FUND BALANCE 45.946.286 .. • ...... ..... ..... ....' $42.610.659 : $420.000 al Current market value NET EQUITY THIS PERIOD $57.795.103 Last statements market value 1=1 Short market value NET EOUITY LAST STATEMENT 100.364.395 CHANGE SINCE LAST STATEMENT -42.569.291 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Flame regaal any "memo or ~roetige el fl ats or Docks. 4fficom4 as daliNexi IP >nu. REINI~Onel poposes arty X Is riot denote es a I.. dooa.1 Ia atoll Sonia,. al 800634-1428: or veto la Clem Sonic.» al Boat. Steam Secuines Coy.. Co. Llegokch Case Not. 8rooNrn, N.Y I1201.3.59. glit 'Ulnas...7R ter Des «Mena sheaf be retained for your records See warn age for Ewen *dermal= 027 060102:15:46 001 V559 EFTA00196620 CLEARED 1HROUGH RS wilekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, b81 00,8. Ceol.levalech Cantet Noah Broeklln• New Ye* 11201.3859 FINANCIAL TRUST COMPANY INC 2 ale STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0601,02:15:46 001 V559 EFTA00196621 CLEARED THROUGH ITS niCkLY 0‘1h.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SOC,rthel Cory. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Mevolech Contec Noah Beccidon. New Ye* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 3 STATEMENT PERODO *11 27.2002 THROUGH May 31.2002 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER Co File RC PEN® YEAR TO DATE THIS PEFICO LAST STATEMENT April 26.2002 Opening Balance $515,219.52 Dividends 87.770.03 468,673.53 Credit Balance Int. 908.01 4,256.68 Securities Sold 18,637,433.33 Total $88,678.04 $472,930.21 Money Fund 29,287,770.03 Funds Deposited 10,000,000.00 Dividends/Interest 908.01 Amount Credited $57.926,111.37 Portfolio Composition sem Lowe Securities Bought -1,142,692.50 Cash/Cash Equivalent 46,057,154 Money Fund -17,487,770.03 Equities 320.000 12,057,949 Funds Withdrawn -39,000,000.00 Miscellaneous -700.000.00 Total $320.000 $58,115,103 Amount Debited $-58.330.462.53 Your Portfolio Net Cash Activity -404.351.16 Allocation Closing Balance 5110.868.36 Same Oaf trams a cash bemoan acccuri Rpm ate Mt includea in the section: such IIMIStOrS. as well 5 Oman lot al Cent IIMIS5140S ins pot ed. anomie in Tare-moon owl. Cash Balance Summary CLOSING Cash 515219.52 110,868.36 Cash S Equivalent 79% Net Cash Balance $515,219.52 $110.868.36 Untfrooecl porno, ' 0000* 000R onto Ihrl male wives he nlecat✓ , ;event'', Is de•ued hen to 00101/e market rat), 01 >eft PrlIchi 027 0601.02:15:46 001 V559 EFTA00196622 CLEARED THROUGH ns vniotty °ONE° SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC‘rthel COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue 10179 Ore Mem:tech Canto Noah Becemon. New VC* 11201.3859 STEARNS New York New York FINANCIAL TRUST COMPANY INC 4 STATEMENT PERIOD *11 27.2002 THROUGH May 31.2002 Your Portfolio Holdings ACCCUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER MADER On File LAST STATEMENT *11 26.2002 MARXE7 ESTIMATED CURP£NT DESCROION SYMBOLtuSIP QUANTITY PRICE VALUE ANNUAL INCOME 10.0 I%4 CASH BALANCE 110.868 DREYFUS CASH MANAGEMENT-CL A DICXX 45.946.285.95 1.0000 45.946,286 827.033 1.8000 INSTITUTIONAL SHARES EST 30 DAY AVG YIELD 17800% TOTAL CASH & CASH EQUIVALENTS $46.057.154 $827.033 EQUITIES Equities & Options *OCT IMRICET ESTIMATED CURFENT DESCRPRON SIMBOLICUSIP TOE OUANIWY PRCE VALLE ANNUAL INCOME VELD 1%) CNH GLOBAL M. CNH CASH 250,000 5.5500 1.387.500 18.750 1.3514 CHARLES SCHWAB CORP NEW SCH CASH 100,000 12.0900 1.209.000 4.400 0.3639 CALL TOO INC JUL 030-- TOOGF MRGN -2.000 1.6000 -320.000 DP 07/20/2002 VECTOR GROUP LTD VGR CASH 374.294 20.3800 7.628.112 598.870 7.8508 SENTIGEN HOLDING CP RSTD CASH 333.334 5.5000 1.833237 Total Equities & Opt ions $11.737.949 $622.020 TOTAL EQUITIES $11.737.949 $622.020 YOUR TOTAL ESTIMATED ANNUAL INCOME $1.449.053 YOUR PRICED PORTFOLIOHOLDINGS $57.795.103 07? 06,01,02:15:46 001 V559 EFTA00196623 CLEARED THROUGH ITS witekLY CAMCO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet SZeirhs SONnbel Cat. BEAR Bear. Stearns & Co. Inc. Ore Mem:tech Cantec Noah 383 Madison Avenue Becekron. New VC* I 120I.38S9 10179 STEARNS New York New York FINANCIAL TRUST COMPANY INC 5 c, STATEMENT PER100 *11 27.2002 THROUGH May 31.2002 Transaction Detail ACCOUNT NUMBER TAXPAYER AMMER Cel File INVESTMENT ACTIVITY LAST STATEMENT VrIl 26.2002 SETTLEMENT TRADE DATE DATE TRANSACTION cescramoN SYMBOLCUS, OVANTRY PRICE DEBIT AMOUNT CREW' mciutir 05/16/02 05/13/02 BOUGHT CHARLES SCHWAB CORP NEW SCH 100,000 11.36690 1,142,692.50 AVG PRICE SHOWN-DETALS ON REO ACTUAL CaEIRM TO YOUR AGENT UNSOUCRED 05/20/02 RECEIVED TOO INC TOO 725.000 DK b5/b DEti1MtS Y661O Y66 -725.600 DEL TO 00901 05/20/02 JOURNAL CALL TOO INC MAY 030CBOE 8903339E9 6.000 EXP OS/18/2002 NE OTOOEF ASSIGNED 00648 05/21/02 DELIVERED TOO INC TOO .450.000 DEL TO 00901 05/22/02 05/20/02 SOLD TOO INC TOO 600.000 30.00000 17.984.455.70 NE OTOOEF 6000 ASSIGNED 05/22/02 05/21/02 SOLD CALL TOO INC JUL 030"" OTOOGF -2.000 3.30000 652,977.63 SIP 07/20/2002 UNSOLICITED OPEN CONTRACT TOTAL S.1.142.692.50 $18.637.433.33 DEPOSITS AND WITHDRAWALS DATE TRMISACTCN DESCRP'ICN DEBIT AMOUNT CREDIT AMOUNT 04/29/02 FND WIRED MDA4 FNDS WIRED TO 10.000.000.00 04/29/02 FND WIRED MOP DS WIRED TO 10.000.000.00 027 06.01,02:15:46 031 vS59 EFTA00196624 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeirns Secw.her Gory. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 CeoLlevalech CarrIN Noah BecciOon. New VC* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 6 STATEMENT PEF000 *11 27.2002 THROUGH May 31.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER MASSER On File DEPOSITS AND WITHDRAWALS (continued) LAST STATEMENT April 26.2002 DATE TRANSACTCN DESCRITMCN DEBIT Amouvr CREDIT AMOUNT 05/01/02 FUNDS REC ITMFROM 10.000.000.00 05/08/02 FND WIRED gni; TO 1.000.000.00 1506/62.......PF16'wr o MbriatiPail I 7.000.000.00 663576!"MYWrgigb MOM to 1.000.000.00 05/30/02 FND WIRED MDA F NDS WIRED TO 10.000.000.00 TOTAL $-39.000.000.00 $10.000.000.00 MONEY FUND ACTIVITY DATE MOAT TRANSACTION DESCRIPTIN SYLIECUCUSIP OUAARRY PRCE DEBIT AMOUNT CREDIT AMOUNT 04/27/02 OPENINGBALANCE 57,658,515.92 04/29/02 SOLD DREYFUS CAS MANAGEMENT-CL A DICXX -20.000,000 1.0000 20,000,000.00 INSTITUTIONAL HSHARES bsrivue ••••••imvil5tiv15 15WEVrLi5 OA§H itAWMZEAEMOL A 15I6N 67,776.4.5 INSTITUTIONAL SHARES MONTHLY DIVIDEND 5Ni761- 11117ggY ✓AVIRMUMPIXAFIRMArtireL A btakt A7.776.6i b7.770.6& INSTITUTIONAL SHARES DIVIDEND REINVESTED 5E.14.476E''''ErArri" WitYPO HiMORIEI Y-5L A bt0 bf &->}oo.666 1.0000 INSTITUTIONAL SHARES 027 0601,02:15:46 001 Y559 EFTA00196625 CLEARED THROUGH ITS wispri 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeiree Secvehei Cap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Dec Mevolech Contec Noah Beano. New Year 112013859 STEARNS FINANCIAL TRUST COMPANY INC 7 STATEMENT PEW.) *11 27.2002 THROUGH May 31.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER KINSER On File MONEY FUND ACTIVITY (continued) LAST STATEMENT April 26.2002 DATE MOON TRANSACTICN DESCRIPTION SYMEAMISIP CVANTITY PRICE DEBIT mover CREDIT AMOUNT 05/08/02 SOLD RAN4kiasMIGEMENT-CLA DOC< -1.000.000 1.0000 1.000.000.00 05/16/02 SOLD DREYFUS CASH MANAGEMENT-CL A DICXX -1.200.000 1.0000 1.200.000.00 INSTITUTIONAL SHARES 05/20/02 SOLD RACHWM GEMENT-CL A DIC/C( -7.000.000 1.0000 7,000,000.00 05/30/02 BOUGHT INDREYFUS CASHSHA MANAGEMENT-CL A DIC/C( 7.600.000 1.0000 7.600.000.00 STITUTIONAL RES 05,21412 CLOSINGBALANCE 45.946.285.95 TOTAL $-17.487.770.03 $29,287,770.03 INTEREST DATE CESCRIPTHI1 STEIDOLPCUSIP OUANTITT RATE MI CENT AMOUNT CREW eueuut 05/21/02 INTEREST ONCREDIT BALANCE 1.2500 908.01 AT 1 1/4% 04/21 THRU 05/20 TOTAL 9908.01 MISCELLANEOUS DATE MORAY TRANSACTIM DESCRIPTION DEBIT AMOUNT CREPT AMOUNT 05/02/02 JOURNAL TO 400,000.00 PER WA 05/03/02 JOURNAL TO 300.000.00 PER LOA rIstat& JtAlltd4AL Joukta. VAdiA reist 11115 4 I.Me.M5.ao ostate JtatnIAL J6uANA1klS6MTeiSt1T64 1.83x.045.00 027 060102:15:46 001 VS59 EFTA00196626 CLEARED THROUGH ITS witekLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szea•ns SOC,r.t.el Cory. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ore Mem:tech Contec Noah BecciOon. Nev. Ye* I I2DI.38S9 STEARNS FINANCIAL TRUST COMPANY INC 8 0 STATEMENT PER100 *11 27.2002 THROUGH May 31.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER NI/USER OR File MISCELLANEOUS (continued) LAST STATEMENT AWN 26.2002 DATE M3DAY TRANSACTCN DESCRIPTION DEB? AMCWIT MAT MONO 05/31/02 JOURNAL JOURNAL FROM TYPE 2 TO 1 2,489,002.63 05131/02 JOURNAL JOURNAL FROM TYPE 2 TO 1 2,489,002.63 TOTAL $-5,025,027.63 $4.325.027.63 End of Statement 07? 06.01021S:46 031 VSS9 EFTA00196627 CLEARED IHRCOGH Y,NaLY OHT.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Stearns SON•itiet Corp. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York. New York 10179 Cc* MeV oI ccII Center NOS. SCCCk/01. Nee Year 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC STATEMENT PERK* March 29.2002 ACCOUNT EXECUTIVE ZICHERMAN.IRA TELEPOOkE THROUGH Apra 26.2002 VISIT OUR WEBSITE IA1 uearstearrts.com ACCOUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER KILWMER On File LAST STATEMENT March 28.2002 Financial Summary 3 FINANCIAL TRUST COMPANY INC C/0 AMERICAN YACHT HARBOR • Your Portfolio Holdings 4 6100 RED HOOK SUITE B-3 Transaction Detail 5 QUARTERS #2 Fund Activity 6 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash & Equvalent — .173736 TOTAL VALUE OF SECURMES THIS PERIOD 42,190,659 $62.M.31I NET CREDIT BALANCE 515,220 $42.610.659 : $.420.000 Equities MONEY MARKET RIO BAUNCE 57,658,516 Th;;; :;;;.54.. : ..c. $45.140.979 IN Current market value NET EQUITY THIS PERIOD $100,364,395 mg Last statements market value CI Short market value NET EQUITY UST STATEMENT 107,353,290 CHANGE SINCE LAST STATEMENT -6,988,896 There are no 'Stop loss' orders or other pending buy or sell open orders on tile for your account. Roza copal any clIforonoo a armee of twits or storks. evaded as doltrogoa to you. Ada. tie fa dOrmatMeal pfloasu only ES not 'leaded as a la. data to Gent Sonic*. of 800€041428: a net to Clam SONINIS a Boot Room &canes The stateare should be maned for your records See reverse a AN twin nfainatym Ca,.. One LletokHli Cooler Hoek 13rooNrs NY 11201.3859 027 082802:12:01 001 8557 EFTA00196628 CLEARED 1HROUGH RS wilekLY 0"E0 SUBSIDIARY Beer. Saea•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 04,27.02:12:01 001 V557 EFTA00196629 CLEARED THROUGH ITS vnittLY OUBE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns S0PM*1 GNP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Mosolech Cantof Noah Beccidon. New To* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 3 STATEMENT PER100 March 29.2002 THROUGH WI 26.2002 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER KAISER On File DC PERIOD YEAR TO DATE THIS PERIO0 LAST STATEMENT March 28.2002 Opening Balance $451.677.38 Dividends 97,882.18 380,903.50 Credit Balance Int. 312.57 3,348.67 Securities Sold 413,229.57 Total $98.194.75 $384,252.17 Money Fund 4,297,882.18 Funds Deposited 50,000.00 Dividends/Interest 312.57 Amount Credited $4.761.424.32 Portfolio Composition SNORT LONG Money Fund -97.882.18 Cash/Cash Equivalent 58.173,736 Funds Withdrawn -3.000.000.00 Equities 420.000 42.610,659 Miscellaneous -1,600.000.00 Total $420.000 5100 784,395 Amount Debited 5-4.697.882.18 Net Cash Activity 63.542.14 Your Portfolio Allocation Closing Balance 5515.219.52 Cash Balance Summary OFF?. kG CLOSINO Equities Cash 451.67738 515,219.52 42% Cash & Equivalent Net Cash Balance $451,677.38 $515,219.52 57% Short Equities ic1% Unifocie0 P0,00, 5 Puna oar Nano, any ,I,V•1 maga aye, Re elocaBri Pertenuy.• is OP•ued from to ebsoixe market rat), 01 >vs" palkuo 027 04,27021201 031 V557 EFTA00196630 CLEARED THROUGH ITS OHNE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SONnbel GNP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Mevolech Contec Noah Becdoon. New Ye* 112014869 STEARNS FINANCIAL TRUST COMPANY INC 4 STATEMENT PERK* Mirth 29.2002 THROUGH &XII 26.2002 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER MADER On Foe LAST STATEMENT MUCH 28.2002 MARKET ESTIMATED CURRENT DESCROION SIMBOUCUSIP OUANTIIY PRICE VALUE ANNUAL INCOME yea 'IR CASH BALANCE 515,220 DREYFUS CASH MANAGEMENT-CL A DICCX 57,658,515.92 1.0000 57.658,516 1,095,512 1.9000 INSTITUTIONAL SHARES EST, 30 DAY AVG VIEW 18500% TOTAL CASH & CASH EQUIVALENTS 558,173,736 $1.095.512 EQUITIES Equities & Options ACCT WHET ESTIMATED CURRENT DESCRPRON WEIBOLTUSIP PPE OUMERTY PRICE VALUE ARKIN. IliCOME YELD ON CNH GLOBAL IM. CNH CASH 250,000 5.3600 1.340.000 18,750 1.3993 TOO INC TOO CASH 1,050,000 29.3000 30.765.000 CALL TOO INC MAY 030 CBOE TOOEF CASH 4.000 0.7000 -420.000 DP OS/8/2002 VECTOR GROUP LTD VGR CASH 374.294 22.6800 8.488.988 598.870 7.0547 SENTIGEN HOLDING CP RSTD CASH 333.334 6.0500 2.016.671 Total Equities& Options $42.190,659 $617,620 TOTAL EQUITIES $42,190,659 $617,620 YOUR TOTAL ESTIMATED ANNUAL INCOME $1,713,132 YOUR PRICEDPORTFOLIOHOLDINGS $100,364,394 027 042Z02:12:01 001 V557 EFTA00196631 CLEARED THROUGH ITS miCkLY ORM.EO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, bel Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Metsolech Contof Noah Beccidon. New To* I 1201.3SS9 STURNS FINANCIAL TRUST COMPANY INC 5 STATEMENT PEF000 MUM 29.2002 THROUGH &XII 26.2002 Transaction Detail ACCOUNT NUMBER TAXPAYER MAWR On File INVESTMENT ACTIVITY LAST STATEMENT March 28.2002 SETTLEMENT TRADE DATE PATE TRANSACTION DESORPTION STIA3OLCUSIP OVAMITY PRICE DEBIT AMOUNT CRECIT AMOUNT 04/18/02 04/17/02 SOLD CALL TOO INC MAY 030CBOE OTOOEF -500 1.30500 63,495.53 SIP 05+1872002 UNSOUCITED OPEN CONTRACT 04/19/02 04/18/02 SOLD CALL TOO INC MAY 030CEIOE OTOOEF -3,500 0.75000 253,739.59 SIP 05+18/2002 UNSOUCRED OPEN CONTRACT AS OF 04+18702 04/23/02 04/22/02 SOLD CALL TOO INC MAY 030CEIOE OTOOEF -2,000 0.50500 95,994.45 SIP 05+18/2002 UNSOUCRED OPEN CONTRACT TOTAL $413,229.57 DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESORPTION CESIT AMOUNT CREDIT AMOUNT 04704/02 FND WIRED D TO 2.000.000.00 T 04/18702 FUNDS REC BA FNDS WIRED TO CITIBANK FROM 50.000.00 NK 04726702 FND WIRED MD BDSWIRED TO 1.000.000.00 TOTAL $-3.000.000.00 $50,000.00 027 042702:12:01 001 VS67 EFTA00196632 CLEARED THROUGH ITS niCkLY 001•E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC,M*1 Gap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Dec Momtech Cantec Noah Becci001. New VC* I 1201.313S9 STEARNS FINANCIAL TRUST COMPANY INC 6 STATEMENT PER100 Mirth 29.2002 THROUGH &X11 26.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMBER On File MONEY FUND ACTIVITY LAST STATEMENT Match 28.2002 DATE maoriv M4%1;14'101 DESCRIPTCN SYMECUICLISIP OUMMTY PACE DEBIT AMOUNT CREDIT AMOUNT 03/29/02 OPENINGBALANCE 61,760,633.74 04/01/02 DIVIDEND RARMSUSIIGEMENT-CA. A DICCX 97.882.18 MONTHLY DIVIDEND 04/01/02 REINVEST DREYFUS CASH MANAGEMENT-CA. A DICCX 97.882.18 97.882.18 INSTITUTIONAL SHARES DIVIDEND REINVESTED 04/04/02 SOLD DREYFUS CASH MANAGEMENT-CA. A DICCX -2.000.000 1.0000 2.000.000.00 INSTITUTIONAL SHARES 04/09/02 SOLD DREYFUS CASH MANAGEMENT-CA. A DICCX -700.000 1.0000 700.000.00 INSTITUTIONAL SHARES 04/12/02 SOLD REMWM GEMENT-CL A DICCX -500.000 1.0000 500.000.00 04/26/02 SOLD DREYFUS CASH MANAGEMENT-CL A DICCX -1.000.000 1.0000 1.000.000.00 INSTITUTIONAL SHARES 04/26/02 CLOSINGBALANCE 57,658,515.92 TOTAL 5-97,882.18 $4,297.882.18 INTEREST DATE DESCRIPTION STIABOIJCUSIP OUANTITT RATE l%1 DEMI AMOUR' CREW AMOUNT 04/22/02 INTEREST ON CREDIT BALANCE 1.2500 312.57 AT 1 1/4% 03/21 THRU 04/20 TOTAL 5312.57 027 042702:1201 031 VS57 EFTA00196633 CLEARED THROUGH ITS wilekLY ONnEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet SZeirns SON, M1 GNP Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 CeoLlevolech Contec Noah BecciOon. New Ye* I I20I.38S9 STEARNS FINANCIAL TRUST COMPANY INC 7 o STATEMENT PERIOD Mirth 29.2002 THROUGH &XII 26.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER MAUSER On File MISCELLANEOUS LAST STATEMENT MATCH 28.2002 DATE MOAT TRANSACTION DESCRIPTON DEBIT AMOUNT CREPT AMOUNT 04/09/02 JOURNAL TO 1.100.000.00 04/12/02 JOURNAL TO 500.000.00 TOTAL 5-1.600.000.00 End of Statement 027 0Q27102;12:01 001 vest EFTA00196634 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOLM BON. Steams SOMAIIIRS COT. Bear. Stearns 8 Co. Inc. BffiR 383 Madison Avenue New York New York 10179 Ono Motrotech Confer Noah Brock/tn. New York 1120/3859 STMRNS FINANCIAL TRUST COMPANY INC ACCOUNT EXECUTIVE 2•IERMAN.IRA STATEMENT PERIOD February 23.2002 TELEPFKM THROUGH March 28.2002 VISIT OUR WEBSITE nnuearstearns.com ACCOUNT NUMBER What's In This Statement lllllllllllllllll II TAXPAYER NUMBER 011Ede LAST STATEMENT February 22.2002 Financial Summary 3 FINANCIAL TRUST COMPANY INC CIO AMERICAN YACHT HARBOR Your Portfolio Holdings 4 6100 RED HOOK SUITE B-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 8 Equvalent S62...311 TOTAL VALUE OF SECURITIES THIS PERIOD 45.140.979 .. ... $44.847,055 NET CREDIT BALANCE 451.677 S45.140.979 Equines MONEY MARKET FUND BALANCE 61,760.634 _......... 543.205.788 NET EQUITY THIS PERIOD $107.353,290 NE Current market value itn Last statements market value NET EOUITY LAST STATEMENT 88.052.843 CHANGE SINCE LAST STATEMENT 19.300.447 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roza noon ant ~woo or ~I 00201 ol crocks or Mocks. nalcalal as dolhoroa l0 5cu. íb• tin SOWAMY oar WIWINDO@M paposes «ORO riot deeded as a Ia. downs« b Clioni Sonia» al 800€34-1428: or nnto lo CNN SONIC*. M Bow. Steam@ &curries Teo oatmeal acrid be manes for your records See revers* cede for inucelort *gammon Coy.. Co. MONINI, Conk, NOM. Brookbn, NY II201.3$59 027 022502;20:33 001 VS55 EFTA00196635 CLEARED 1HROUGH NS wilekLY 0"E0 SUBSIDIARY Beer. Saea•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 03290220:33 001 V555 EFTA00196636 CLEARED 1HROUGH ?RIMY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bar. Screams SeN•flkl Cory. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 OtoLlevalech Conte Noah Beccidon. New Tuft 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 3 i/ STATEMENT PERK* February 23.2002 THROUGH March 28.2002 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER OR Ale DC PERIOD YEAR TO DATE THIS PERIOD LAST STATEMENT February 22.2002 Opening Balance $650,396.89 Dividends 213.693.28 283,02122 Credit Balance Int. 1.562.89 3,036.10 Money Fund 12,563,975.68 Total $215,256.17 $286,057.42 Funds Deposited 150,000.00 Dividends/Interest 151,280.49 Miscellaneous 30,000,000.00 Amount Credited $42,865,256.17 Portfolio Composition CastirCash Equivalent 62..311 Money Fund -30,063,975.68 Equities 45.140,979 Funds Withdrawn -13,000,000.00 Total $107,353,290 Amount Debited $43.063.975.68 Net Cash Activity -198.719.51 Closing Balance $451.67728 Your Portfolio Allocation Cash Balance Summary Oqh NS CLOSING Cash 650.396.89 451.67736 Equities 42% Net Cash Balance $650.396.89 $451.67728 Cash & Equivalent 58% Uniteoe0 croons emcee oar Deena onto' eno•I male aye, The Mtn:0m artenuy.• to awed from to 00101G, market rat), of 'CV POrtkal. 027 01280220:33 001 V555 EFTA00196637 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, bel CO,P. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York. New York 10179 Ore Mevalech CarrIN Noah BecciOon. New Ye* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 4 STATEMENT PER100 February 23.2002 THROUGH March 28.2002 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER MASER OR FIR LAST STATEMENT February 22.2002 MARKET ESTIMATED CURP£NT DESCRP110N SYMBOLCUSIP QUANTITY PRICE VALUE ANN-AL PItOIJE YE10 I%) CASH BALANCE 451,677 DREYFUS CASH MANAGEMENT-CL A DICCX 61.760.633.74 1.0000 61.760,634 1.049.931 1.7000 INSTITUTIONAL SHARES EST 30 DAY AVG YIELD 1 8500% TOTAL CASH & CASH EQUIVALENTS $62.M.311 $1.049.931 EQUITIES Equities & Options *OCT IMRKET ESTIMATED CURRENT DESCRPRON SYMBOUCUSIP TNT QUANTITY PRCE NAME ANNA. INCOME YEIDRH CNH GLOBAL.. CNH CASH 250,000 5.2200 1.305.000 21.250 1.6284 TOO INC TOO CASH 1.050.000 29.4900 30.964.500 VECTOR GROUP LTD VGR CASH 374,294 28.6000 10.704.808 598.870 5.5944 SENTIGEN HOLDING CP RSTD CASH 333,334 6.5000 2.166.671 Total Equities& Options 545.140.979 $620.120 TOTAL EQUITIES 545.140.979 $620.120 YOUR TOTAL ESTIMATED ANNUAL INCOME 51.670.051 YOUR PRICED PORTFOLIOHOLDINGS $107.353.290 027 0129.0220:33 001 VS55 EFTA00196638 CLEARED THRWGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, b81 CO,P. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Otto/kenloch Cord Noah Beccidon. New To* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 5 o STATEMENT PERK* Fetruwy 23.2002 THROUGH March 28.2002 Transaction Detail ACCCUNT NUMBER TAXPAYER WESER On PIM DEPOSITS AND WITHDRAWALS LAST STATEMENT February 22.2002 CREDIT AMOUNT 02128/02 FND WIRED MDA# NDS WIRED TO 10.000.000.00 03/14/02 FND WIRED MD ENDS WIRED TO 2.000.000.00 03/19102 FUNDS REC FRh 1. AN HA rIIIp6NK FROM 150.000.00 AN TOTAL $.13.000.000.00 $150.000.00 MONEY FUND ACTIVITY DATE MORAY TRANSACTKOI DESCRIPTICOI SYMEWCVSIP WINTRY PRICE OMIT AMOUNT CREDIT AMOUNT 02123/02 OPENINGBALANCE 44.196.658.06 52NZE''''' 'b'i.8 LVIREEVAV"u"YeL dex -1,000,000 1.0000 1,000,000.00 02/28/02 SOLD DREYFUS CASH MANAGEMENT-CL A DIOCX -10.000.000 1.0000 10.000.000.00 INSWRITIONAL SHARES 2A/by& Atat4 151Wirig tA§H itAWMZEAEMOL A bax So.000.000 1.0000 30,000,000.00 INSWRITIONAL SHARES 03/01/02 DIVIDEND INSDREYFUS CASH SHARES MANAGEMENT-CL A DICCX 63.975.68 WRITIONAL MONTHLY DIVIDEND 03/01/02 REINVEST DREYFUS CASH MANAGEMENT-CA. A DICCX 63,975.68 63.975.68 INSTITUTIONAL SHARES DIVIDEND REINVESTED 027 03.290220:33 001 V555 EFTA00196639 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. szeirns soc,m*, COP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Montech Cella Noah Beccicon. New Yak 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 6 STATEMENT PEF000 Faxing 23.2002 THROUGH March 28.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER KINSER On Fee MONEY FUND ACTIVITY (continued) LAST STATEMENT February 22.2002 DATE AKRON TRANSACTION DESCRIPTON SYMEWCWIP OVANTSY PRICE DEBIT AMOUNT CREDIT AMOUNT 03/14/02 SOLD GEMENT-CL A DIOCX -1.500,000 1.0000 1.500.000.00 RAMANIVOR 03/28/02 CLOSINGBALANCE 61,760,633.74 TOTAL 3-30,063,975.68 $12.563.975.68 DIVIDENDS DATE DESCRIPTION SYMBOUCUSIP OUANTITY RATE (51 DEBIT AMOUNT CREDIT AMOUNT 03/28/02 VECTOR GROUP LTD VGR 374,294 0.4000 149,717.60 REC 03/2u02 PAY 03/28102 TOTAL $149.717.60 INTEREST DATE DESCRIPTION STAIDOLCUSIP (TUMMY RATE CO CE/NT AMOUNT MUM AMOUNT 03/21/02 INTEREST ON CREDIT BALANCE 1.2500 1,562.89 AT 1 1/4% 02/21 TWU 03/20 TOTAL 31,562S9 027 012502:20:33 001 Y555 EFTA00196640 CLEARED THROUGH ITS vniCkLY 1n.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. SZeirns SOC,M.F1 000. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Cr.* Metsolech Contof Noah 0eock11n. New Ye* 112013859 STEARNS FINANCIAL TRUST COMPANY INC 7 o STATEMENT PERIOD February 23.2002 THROUGH March 28.2002 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER WESER On PIM MISCELLANEOUS LAST STATEMENT Faxing 22.2002 DATE MOAT WAISACTOI DESCRIPTION DEEM AMOUNT CREW AMOUNT 0028/02 JOURNAL FROM: XB USD 30,000,000.00 PER LOA • JAL • TOTAL $30,000,000.00 Your messages Pursuant to SEC Rule 11Ac1.6, Bear, Steams & Co, Inc will publicly post its quarterly routing statistics at the following web link: ea" Requirements: Bear. Stearns Securities Corp, Net Capital and Net Capital http://mwe,bearsteams,cornicorporate/businessfequitiegorp ,htm At November 30, 2001 and January 31, 2002, the Company's net capital of approximately $2,6 billion and $2,6 billion was approximately 9% and 8% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $604,1 million and $648,0 million by approximately $2,0 billion and $2,0 billion, all respectively, A complete copy of the Bear, Steams Securities Corp, Statement of Financial Condition is available on the web site went bearsteams mm Alternatively, to request a free printed copy please call -toll free 1.866.299.9331, End of Statement 027 03.2903221133 001 VMS EFTA00196641 CLEARED THROUGH ITS WHOLLY 01W.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BOW. SIWAS SOWN*. Caro. Bear. Stearns & Co. Inc. BffiR 383 Madison Avenue Ono Mentech Corder North Brock/tn. Nevi Yak 1120/3859 STffiRNS New VON( NOW York 10179 FINANCIAL TRUST COMPANY INC STATEMENT OER100 January 26.2002 ACCOUNT EXECUTIVE II:HERMAN.IRA TELEPHONE THROUGH February 22.2002 VISIT OUR WEBSITE we% uearstearns.com ACCOUNT NUMBER What's In This Statement lllllllllllllllll II TAXPAYER AVIER On File LAST STATEMENT January 25.2002 Financial Summary 3 FINANCIAL TRUST COMPANY INC CIO AMERICAN YACHT HARBOR Your Portfolio Holdings 4 6100 RED HOOK SUITE B-3 Transaction Detail 5 QUARTERS #2 Fund Activity 5 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash S Equvalent — $44.847.055 TOTAL VALUE OF SECURITIES THIS PERI)D 43.205.788 $45.418.766 NET CREDITBALANCE 650.397 &Nettie $43.205.788 MONEY MARKET FUND BALANCE 44,196.658 $20.130.503 $-147.500 NET EQUITY THIS PERIOD $88.052.843 le Current market value iffl Last statements market value Short market value NET EOUITY LAST STATEMENT 65,401.769 CHANGE SINCE LAST STATEMENT 22.651.074 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Hama roped oaf clIforonoo et ronroula of toes or Mocks. eidicolal x dolkaal lo 0.1. iNs anOWY a got ollal~l imposes caly a Is rce deem as a birdman lo ClOol Sonic°. of 800634-1128: a veto to Goa SONIC« a Bow. Stamm &canes Cap.. One Molrolan Gook. Nam. Brooklyn. NY. II2ObSeSa. ar nu staters« amid be manes for yoor records S.. ream sda fa roman names« 027 02230210:07 001 vS27 EFTA00196642 CLEARED IHROUGH RS wilekLY 0"E0 SUBSIDIARY 808r. Saee•ns SON, b81 GOO. 0 -41.1evolech Cantot Noah Brocklln• New VC* 11201.3859 FINANCIAL TRUST COMPANY INC 2 ol STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0223.02:10:07 001 V527 EFTA00196643 CLEARED 1HRWGH ITS ?RIMY CHM•E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns S0Nael CO,P. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 CeoLlevolech Cant* Noah Beccioon. New To* I1201.313S9 STEARNS FINANCIAL TRUST COMPANY INC 3 c. STATEMENT PERK* January 26.2002 THROUGH February 22.2002 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER AMBER On Ale THIS PEFICO MS PERIOD YEAS TO DATE LAST STATEMENT January 25.2002 Opening Balance $36,436.04 Dividends 64,328.04 69,328.04 Credit Balance Int. 666.12 1.473.21 Securities Sold 1,248,728.75 Total $64.994.16 $70.801.25 Money Fund 11,314,328.04 Dividends Interest 666.12 Miscellaneous 10,064,565.98 Amount Credited $22.628.288.89 Portfolio Composition CastirCash Equivalent 44,847,055 Money Fund -10,064,328.04 Equities 43,205,788 Funds Withdrawn -10,500,000.00 Miscellaneous -1,450.000.00 Total $88.052.843 Amount Debited $-22,014,328.04 Net Cash Activity 613,960.85 Your Portfolio Allocation Closing Balance $650,396.89 Cash Balance Summary °FENNO CLOSING Cash 36,436.04 650,396.89 Equities Cash Sr Equivalen 51% 49% Net Cash Balance $36.436.04 $650.396.89 Unt.o0,0 croons oono* oar tnionce ontiv Owl male vela, Tho elorahr ;evenly, is PP•oed from Va Mnol.te morken rat), 01 >vv Palka, 027 022102:10:07 001 VS27 EFTA00196644 CLEARED THROUGH RS vniotty OME0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON•thel CO,B Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Dec Metsolech Contet Noah Beano. New Ye* 11201'3859 STEARNS FINANCIAL TRUST COMPANY INC 4 STATEMENT PERIOD January 26.2002 THROUGH February 22.2002 Your Portfolio Holdings ACCCUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER MASER On FIN LAST STATEMENT January 25.2002 IMMO ESTIMAIED CURP£NT DESCROION SYMBOLCUSIP QUANTITY PRICE VALUE ANNUAL IRCOME ISO I%) CASH BALANCE 650.397 DREYFUS CASH MANAGEMENT-CL A DICCX 44.196.658.06 1.0000 44.196.658 883.933 2.0000 INSTITUTIONAL SHARES ESL 30 DAY AVG VIEW 19000% TOTAL CASH & CASH EQUIVALENTS $44,847,055 $883.933 EQUITIES Equities & Options *OCT IMRICE1 ESTIMATED CURFENT DESORPTION SYMBOUCUSIP TIN QUANTITY PRCE VALtE ANNUAL INCOME YEW I% CNH GLOBAL CNH CASH 250,000 4.5900 1.147.500 21.250 1.8519 TOO INC TOO CASH 1.050.000 27.9000 29.295.000 VECTOR GROUP LTD VGR CASH 374,294 28.4000 10.629.950 598.870 5.6338 SENTIGEN HOLDING CP RSTD CASH 333,334 6.4000 2.133.338 Total Equities& Options $43.205.788 $620.120 TOTAL EQUITIES $43.205.788 $620.120 YOUR TOTAL ESTIMATED ANNUAL INCOME $1.504.053 YOUR PRICED PORTFOLIOHOLDINGS $88.052.842 027 02210200:07 ODI VS27 EFTA00196645 CLEARED IHRCOGH ITS ~MY ChM.EO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Best. SZetrns SOewthel GNP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue Or.* MCVOICCh Conte< North Becenon. New Te" 11201.0859 STD;RNS New Y New York 10179 FINANCIAL TRUST COMPANY INC 5 STATEMENT PERIOD January 26.2002 THROUGH February 22.2002 Transaction Detail ACCOUNT NUMBER TAXPAYER ',AJMER On F•te INVESTMENT ACTIVITY Law STATEMENT January 25.2002 SETTLEMENT TRADE DATE DATE TRANSACTION OESORPTION SYNI3OUCUSIP OPJN4MY PACE DEB« AMOUNT MOM ANDUNT 02/13/02 JOURNAL TOO INC TOO 850,000 JNL FM 02/19/02 JOURNAL CALL TOO INC FEB 025CBOE 890333985 500 EXP 02/16/2002 NE CITOOEIE ASSIGNED 00560 02/20/02 EXPIRED CALL TOO INC FEB ()SOME 890333985 2.000 EXP 02/1612002 02/21/02 02/19/02 SOLD TOO INC TOO 50,000 25.00000 1,248,728.75 NE OT008E 500 ASSIGNED TOTAL $1,248,728.75 DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRriCN DEBIT AMOUNT CREDIT AMOUNT 01/31/02 END W Il~NDS WIRED TO 10,000,000.00 FO_ 02/08/02 FND WIRED ii iirDS WIRED TO 500.000.00 TOTAL $10.500.000.00 MONEY FUND ACTIVITY DATE MDDAT TRANSACT/DV DESCAIPTCN SYMECLCUSIP OUNVMY PRCE COW AMOUNT CREDIT AMOUNT 01/26/02 OPENINGBALANCE 45,382,330.02 027 022102:10:07 001 4521 EFTA00196646 CLEARED THROUGH ITS vniotty OME0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet SZeirns SON, b81 GNP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ore 14cm:tech Contec Noah 0eock11n. New VC* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 6 0 STATEMENT PERK* January 26.2002 THROUGH February 22.2002 Transaction Detail (continued) ACCOuNT NUMBER TAXPAYER NUMBER 011PII8 MONEY FUND ACTIVITY (continued) LAST STATEMENT January 25.2002 DATE ICIOAY TRANSACTKN OLSCRIPMN SYMBOUCVSIP CAMAITRY PRICE DEBIT AMOUNT CREDIT AMOUNT 01/31/02 SOLD RAN4kiasMIGEMENT-CLA DICCX -10,000.000 1.0000 10,000,000.00 02/01/02 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICCX 10.000.000 1.0000 10,000,000.00 INSTITUTIONAL SHARES 02/01/02 DIVIDEND RARLMSWARGEMENT-Cl. A DICCX 64328.04 MONTHLY DIVIDEND 02/01/02 REINVEST RARLMSMGEMENT-Cl. A DICCX 64328.04 64328.04 DIVIDEND REINVESTED 02/06/02 SOLD A DICCX -750.000 1.0000 750.000.00 RaCtRaSMI GEMENT-CL 02/08/02 SOLD DREYFUS CASH MANAGEMENT-CL A DICCX -500.000 1.0000 500.000.00 INSTITUTIONAL SHARES 02/22/02 CLOSINGBALANCE 44.196.658.06 TOTAL $.10.064.328.04 $11.314.328.04 INTEREST DATE DESCRPTION STMEICUCLISIP OWMITY RATE ON C€ET AMOUT CREW MACUM 02/21/02 INTEREST ONCREDIT BALANCE 1.2500 666.12 AT 1 1/4% 01/21 THRU 02/20 TOTAL $666.12 027 0223.02:10:07 001 V527 EFTA00196647 CLEARED THROUGH ns vniotty °MED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet SZeirns S0C.r.t.el GNP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Cr.* Metsclech Cant“ Noah Beccidon. New VC* I 120I.3859 STEARNS FINANCIAL TRUST COMPANY INC 7 c/ STATEMENT PERIOD January 26.2002 THROUGH February 22.2002 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER WESER NAM MISCELLANEOUS LAST STATEMENT January 25.2002 DATE MDIMT TRANSACTCN DESCRIPTCN DENT AMOUNT MOT MIDI/NT 01/31/02 JOURNAL FROM: X8 .USD 10,000,000.00 PER WA • JAL • 6 JOURNAL YO 750.000.00 PER 02/13/02 JOURNAL JRL FM 64.565.98 02/19/02 JOURNAL TO 330.000.00 02/20/02 JOURNAL TOME 370.000.00 TOTAL $-1.450.000.00 $10.064.565.98 End of Statement 027 022102:10:07 COI V527 EFTA00196648 CLEARED THRCOGH WIlCU? CAM•E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Stearn,. SOCwitet Cal‘ Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ore Llevolech Coma North Beccioon. New VC* 11201.38S9 STEARNS FINANCIAL TRUST COMPANY INC ACCOUNT EXECUTIVE ZICHERMAN,IRA STATEMENT PERIOD January 1.2002 TELEPHONE THROUGH January 25.2002 VISIT OUR VIESS1TE ,vnwtearsteams.com ACCOUNT NUMBER What's In This Statement IIIIIII1111111111 II TAXPAYER AMBER On File LAST STATEMENT December 31.2001 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 5 ST THOMAS VI 00802 Your Messages 7 Your Portfolio at a Glance Market Value of Your Portfolio Cash & EqLsvaleat — $37.534.2$493$418.766 TOTAL VALUE OF SECURMES THIS FIRED 19,983,003 EttientfliMiteMigtiteM NET CREDIT BALANCE 36,436 $20.130.503 : $-147.500 Equities MONEY MARKET FUND BALANCE 45,382,330 . $30.526.395 : $-1.120.000 - Current market value NET EQUITY THIS PERIOD $65,401,769 gai Last statements market value C Short market value NET EOUITY UST STATEMENT 66,940,688 CHANGE SINCE LAST STATEMENT -1,538,919 There are no 'Stop Loss' orders or other pending buy or sell open orders on tile for your account. Nona rood oaf clIforonoo a rswtc of chaos or socks. flacon! as Ckitnifed ICI IOU. TTIPEPaYenTYNRe eltchllatonel osmoses oily a Is rce needed as a um document 10 010.11 somas; at 800614.1428: a yet to Clam SONIC.. at 8020. Swann Snumos Tin Raiment amid be Mired for your records See reverse skle for crooner< reccmaeco Caw.. One MoIngmb Cala North. BrooNri, NY. Ii2obsest 027 01,26,02:06:54 001 v520 EFTA00196649 CLEARED 1HRCO3H nS WHOLLY OWNED SUBSIDIARY Sear. SOMAS Seanl*Rf CO(.. Ono Llevotech Confer North Steck'tn. New York 11201.3859 FINANCIAL TRUST COMPANY INC 2 el STATEMENT BACKER IS PRINTED ON THIS PAGE 027 01,26,02:08:54 001 VS20 EFTA00196650 CLEARED IHRWOH I1S ?RIMY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,r4.91 GNP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Ore Lletsclech Center Noah Beccidon. New Tuft 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 3 al STATEMENT PERIOD January 1.2002 THROUGH January 25.2002 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER On File INS PERIOD YEAS TO DATE THIS PERIOD LAST STATEMENT December 31.2001 Opening Balance Dividends 5.000.00 5,000.00 $11,290.18 Credit Balance Int. 807.09 807.09 Securities Sold 8.333.079.49 Total $5.807.09 $5.807.09 Money Fund 59.327.00 Dividends/Interest 5.807.09 Miscellaneous 1,357,453.45 Amount Credited $9.755.667.03 Portfolio Composition SNORT Lore Money Fund -7.&59.327.00 Cash/Cash Equivalent 45.418.766 Miscellaneous -1.871.194.17 Equities 147.500 20.130.503 Amount Debited $.9.730,521.17 Total $147,500 $65.549.269 Net Cash Activity 25.145.86 Closing Balance $36,436.04 Your Portfolio Allocation Cash Balance Summary OPEt. LG CLOSING Equities Cash 11,290.18 36.436.04 30% Net Cash Balance $11,290.18 $36.436.04 Short Equities <1% Cash 6 Equivalent 69% Untenled pone, ' canoe oar tnie, ce onto* lm•I male vela, The eloml✓r ;event'', to owed Icon to '0191A* motet rat), of ITV Mtn" 027 DE2802:08:54 001 V520 EFTA00196651 CLEARED THROUGH NS vniotiv °ME° SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SOC,r44,1 GNP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ore Mem:tech Center Noah Beccidon. New Year 112013859 STEARNS FINANCIAL TRUST COMPANY INC 4 ci STATELIER, PERK* January 1.2002 THROUGH January 25.2002 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER MASSER On File LAST STATEMENT December 31.2001 IMPIXE1 ESTIMATED OJRP£NT DESORPTION S1MBOLCUSIP QUANTITY PRICE VALUE MIVUOL INCOME YEW I%) CASH BALANCE 36,436 DREYFUS CASH MANAGEMENT-CL A DICCX 45.382.330.02 1.0000 45.382,330 953.029 2.1000 INSTITUTIONAL SHARES ESL 30 DAY AVG YIELD 1.9500% TOTAL CASH & CASH EQUIVALENTS $45.418.766 $953,029 EQUITIES Equities & Options *OCT MARKET ESTIMATED CURRENT DESORPTION SnIBOLTUSIP TIN OUANSTY PRCE VALUE ANNUAL INCOIAE YEW CNH GLOBAL CNH CASH 250.000 5.9200 1.480.000 138.000 9.3243 TOO INC TOO CASH 250.000 26.1500 6.537.500 CALL TOO INC FEB 025C80E TOOBE CASH -500 1.7500 -87.500 SIP 02116i2002 CALL TOO INC FEB 030080E TOOBF CASH -2.000 0.3000 -60.000 SIP 02/t6/2002 VECTOR GROUP LTD VGR CASH 374.294 28.8000 10.779.667 598.870 5.5556 SENTIGEN HOLDING CP RSTD CASH 333.334 4.0000 1.333.336 Total Equities& Options $19.983.003 $736.870 TOTAL EQUITIES $19.983.003 $736.870 YOUR TOTAL ESTIMATED ANNUAL INCOME $1.689.899 YOUR PRICED PORTFOLIOHOLDINGS 565.401369 02/ DE2602:06:54 001 V520 EFTA00196652 CLEARED THRWCH in LAHCLLY OHaa0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Stearn SOOMMI COO Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Cue MemI cch Cella Noah Beccioon. New TM 112014859 STEARNS FINANCIAL TRUST COMPANY INC 5 ti STATEMENT PERKO January 1.2002 THROUGH January 25.2002 Transaction Detail ACCOUNT NUMBER TAXPAYER AMMER On File INVESTMENT ACTIVITY LAST STATEMENT Decentet 31.2001 SETTLEMENT 10.40E DATE PATE TRANSACTOR DESCRPTION SYTABOLECUSIP GUMMY PRICE DEW AMOUNT CREPT AMOUNT 01/04/02 01/03/02 SOLD CALL AT&T CORP JAN17.50m* 0019579A9 -7,540 1.15000 840,694.49 EXP 01/19/2002 UNSOLICITED OPEN CONTRACT AS OF 01/03/02 tiTitiYita J6U 1XL 4E4&MVODlittb IA -X74- JOURNAL FROM TYPE 1 TO 2 01/07/02 JOURNAL VECTOR GROUP LTD VGR 374.294 JOURNAL FROM TYPE 1 TO 2 01/08/02 JOURNAL CALL AT&T CORP JAN17.50**** 0019579A9 7,540 EXP 0 FROM 01/22/02 JOURNAL CALL TOO INC JAN 025CBOE 8903339A7 3,000 EXP 01/19/2002 NE OTOOAE ASSIGNED 01616 01/23/02 JOURNAL VECTOR GROUP LTD VGR 374,294 JOURNAL FROM TYPE 2 TO I 01/23/02 JOURNAL VECTOR GROUP LTD VGR -374,294 JOURNAL FROM TYPE 2 TO I 01/24/02 01/22/02 SOLD TOO INC TOO -300.000 25.00000 7.492.385.00 NE OTOOAE 3000 ASSIGNED TOTAL $8.333.079.49 MONEY FUND ACTIVITY DATE IACADAT TIVENSICTICN DESCRIPTCN SYMBX/CUSIP OUMMY PRICE DEBIT AMOUNT CREDIT AMOUNT 01/01/02 OPENINGBALANCE 37.523.003.02 01/02/02 REINVEST RaYrnaSMIORGEMENT-CL A DICCX 59.327 59,327.00 DIVIDEND REINVESTED 027 0I26.02:08:54 031 v!,20 EFTA00196653 CLEARED THRWGH ITS YiHWY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns COP. Bear. Stearns & Co. Inc. BUR 383 Madison Avenue New Y New York 10179 OtoMetselech Cella Noah Beccidon. New Year 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 6 STATEMENT PERK* January 1.2002 THROUGH January 25.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER KANNER On File MONEY FUND ACTIVITY (continued) LAST STATEMENT December 31.2001 DATE MCVDAY TRANSACTION OESCRIPTCN SYMECUCLISIP OVANWT PRICE DEBIT AMOUNT CREDIT AMOUNT 01/02/02 DIVIDEND frayrtilf&SWARGEMENT-CL A DICCX 59,327.00 AMT INCLUDED IN 2001 - 1099 01/25/02 BOUGHT A DCCX 7.800.000 1.0000 7.800.000.00 RaCtakienet GEMENT-CL 01/25/02 CLOSINGBALANCE 45,382,330.02 TOTAL $-7.859,327.00 $59.327.00 DIVIDENDS DESCRFTION SYMEICIAUSIP OUNVTITY PATE TS) CENT AMOUNT MEDD AMOUNT 01,0102 ESTEE LAUDER COMPANIES INC EL 100,000 0.0500 5.000.00 CL A REC 12(14/01 PAY 0110302 TOTAL $5.000.00 INTEREST DATE DESCRIPTION SYMEICIJCUSIP OIATAMIT RATE 1%1 CEBU AMOUNT CREDO AMOUNT 01/22/02 INTEREST ONCREDIT BALANCE 1.2500 133.18 AT 1 1/4% 12/31 THRU 01/20 01/22/02 INTEREST ONCREDIT BALANCE 1.2500 673.91 AT 1 114% 12/21 THRU 12/30 TOTAL $807.09 027 DE26,02:06:54 001 VS20 EFTA00196654 CLEARED THROUGH ITS yrisO5LY OHnED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 80e1r. Steens Seerrhel GNP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 CeoLlevetech Conte/ Noah Betatron. New Tern 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 7 CI STATEMENT PER100 January 1.2002 THROUGH January 25.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER MAUSER On File MISCELLANEOUS LAST STATEMENT December 31.2001 DATE AKRDAT TRANSACTCAI DESCRIPTION DEBIT AMOUNT CREPT AMOUNT 01/03/02 JOURNAL JRL FM INTWS 8,102.63 01/08/02 JOURNAL FROM 840.694.49 01/23/02 JOURNAL TO 30.499.68 01/23/02 JOURNAL TO 1.000.000.00 01/24/02 JOURNAL BSIL.FINANCIAL TRUST CO., INC 1.349.350.82 NY16418 EQUITY SWAP DUE 01,2303 AT&T CORP DERIVATIVE SETTLEMENT TOTAL $1,871,194.17 $1.357.453.45 Your messages tar 2001 The interest, if any, charged to your account during December was computed on the net debit balance through December 30, The interest, if any, charged to your account during January 2002 is computed from December 31, 2001, End of Statement 027 01,28/02:08:54 001 V520 EFTA00196655