EFTA00196656

Statements EFTA00196656 CLEARED IHRMIGH ITS vtuDirl Ot1O.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szewos Seorion Gook Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York Nee York 10179 Cr4 Mettotech Cantor Noah etCCk/01. New root I1201.3559 STEARNS FINANCIAL TRUST COMPANY INC STATEMENT PER•00 November 29.2003 ACCOUNT EXECUTIVE LICHERMAN.IRA TELEPHONE THROUGH December 3 t .2003 VISIT OUR WEBSITE 61A1 near steams.com AcccuNT - What's In This Statement 11111111111111111 II TAXPAYER NAMES OR File LAST STATEMENT Norernber 28. 2003 Financial Summary 3 FINANCIAL TRUST COMPANY INC Your Portfolio Holdings 4 0/0 AMERICAN YACHT HARBOR • Transaction Detail 5 6100 RED HOOK SUITE B•3 Trades Not Yet Settled 7 QUARTERS #2 Your Messages 7 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Important Message II any information regarding Cash a Egwvalent 1 $672.183 2003interest. dividends. TOTAL VALUE OF SECURITIES THIS PERIOD 39.407,916 8506.975 miscellaneous income. NET CREDIT BALANCE 672,183 539.407.916 gross proceeds or original &wales $39.219.023 issue discount is required to be reported to the IRS for NET EQUITY THIS PERIOD $40,080,099 this account, a Current market yak* Consolidated Form 1099 NET EOUITY LAST STATEMENT 39,725,998 tog Last statements market value will be mailed to you by February 2,2004or a 1042S CHANGE SINCE LAST STATEMENT 354,101 by March 15.2004. There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roza rood ant dIforonoo a doormat( of chocks or stocks. oltuctdod as doltrotod to too. lo Clem Senior; of 8006144428: a moo to Glom SONIC.. M BOW. Steam &comes Cad.. Co. Llettok•cli Cool, North. Brootlyrt NY 112014059 Sit nos PoomarY for nlenniwnil papaws cely a rot Minded Meta. 0-pond Tres statornord should be retorted to your records Soo mond W. Ice monad tIcentatat 02? D4:12:54 001 010104:12:54 Yale EFTA00196657 CLEARED 1HROUGH RS wilekLY 0"E0 SUBSIDIARY Beer. SZeirns 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 01,01,04:12:54 001 Y818 EFTA00196658 CLEARED 1HRWGH ITS vnlOUY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beef. Szeirns Secv,hei Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Cc* Monica Centec HORN eeccidon. New Ts* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 3 r:r STATEMENT PERK* November 29.2003 THROUGH December 31.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER On Ale DC PERIOD YEAR TO DATE THIS PERIOD LAST STATEMENT November 28.2003 Opening Balance $506,974.66 Dividends 165,063.20 708,950.11 Substitute Payment 0.00 194,747.20 Dividends/Interest 165,274.40 Credit Balance Int. 211.20 1,707.90 Amount Credited $165,274.40 Total $165,274.40 $905,405.21 Funds Withdrawn -66.00 Margin Int. Paid 0.00 -44,988.13 Amount Debited $-66.00 Net Cash Activity 16%208.40 Portfolio Composition Closing Balance $672.183.06 CashiCash Equivalent 672,183 Same Oaf Tannin a eat, bemoan actor. Rpm Ana me maxim in th8 some, such Irani/et as wall m Jowls In al ant transacura ns ponocl Equities 3%407,916 mpaae in Rare-Now Total $40.080.099 Your Portfolio Allocation Cash Balance Summary U.OSeiG Cash 246.53 672,183.06 Cash 8 Equreaert 1% Margin 506.728.13 0.00 Net Cash Balance $506.974.66 $672,183.06 L Equities 99% Un*oded pomons den* debt Wane" 'not, ;hal motet vacs The almaban percenmr is clewed Irvin to ebsokie /whet value el )We 02? 01/01.04:12:54 001 Y818 EFTA00196659 CLEARED THROUGH ITS vniCkLY OW,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, bel GO,P. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Mon:tech Contec Noah DeafCon. New VC* 11201.3559 STEARNS FINANCIAL TRUST COMPANY INC 4 STATEMENT PERIOD November 29.2003 THROUGH December 31.2003 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER AVUSER On Foe LAST STATEMENT November 28.2003 IMAXE1 ESTIMAIED buRPENT DESORPTION SYMBOLCUSIP OUNiliTY Pea VALUE ANWOL INCOME VELD IY4 CASH BALANCE 672.183 TOTAL CASH & CASH EQUIVALENTS $672.183 EQUITIES Equities & Options AOCT TWEET MIMED aJVeT DESORPTION SYMBOJOUSIP TYPE OUANTITY PRICE VALUE ANNUAL INCOME YEW N FLEXTRONICS INTERNATIONAL FLEX CASH 100.000 14.8400 1.484.000 LTD GALYANS TRADING INC GLYN CASH 150.000 12.0400 1.806.000 MBNA CORP KRB CASH 1.000.000 24.8500 24.850.000 400.000 1.6097 TYCO INTERNATIONAL LTD TYC CASH 100.000 26.5000 2.650.000 5,000 0.1887 VECTOR GROUP LTD VGR CASH 412.658 16.3200 6.734.579 660.253 9.8039 SENTIGEN HOLDING CP RSID CASH 333.334 5.6500 1.883.337 Total Equities& Options $39,407,916 $1,065.253 TOTAL EQUITIES $39.407.916 $1.065.253 YOUR TOTAL ESTIMATED ANNUAL INCOME 51.065.253 YOUR PRICEDF'ORTFOLIOHOLDINGS $40.080.099 02/ 01 01 04:12:. 001 EFTA00196660 CLEARED THROUGH ITS WIIOUY 0%M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeinn SON, Pel Dap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue Cc* Met:aleph Cantet Noah BecdOon. New PC* 1201.3$S9 STEARNS New York, New York 10179 FINANCIAL TRUST COMPANY INC 5 ci STATEMENT PERK* November 29.2003 THROUGH December 31.2003 Transaction Detail AGLOW! NUMBER TAXPAYER NUUSER On File INVESTMENT ACTIVITY LAST STATEMENT November 28, 2003 SETTLEMENT IPADE DATE WE TRANSACTION DESORPTION SYMIXVOUSP GUMMY( pFACE DEBIT AMOUNT OREM MORO 12/05/03 JOURNAL FLEXTRONICS INTERNATIONAL FLEX 100,000 LTD JOURNAL FROM TYPE 2 TO I 12/05/03 JOURNAL GALYANS TRADING INC GLYN 150.000 JOURNAL FROM TYPE 2 TO I 12/06/00 JOURNAL MBNA CARP KRB 1.000.000 JOURNAL FROM TYPE 2 TO I 12/06/03 JOURNAL TYCO INTERNATIONAL LID ITC 100.000 JOURNAL FROM TYPE 2 TO I 12/06/03 JOURNAL VECTOR GROUP LTD VGR 412.658 JOURNAL FROM TYPE 2 TO I 12/06/03 JOURNAL FLEXTRONICS INTERNATIONAL FLEX -100.000 LTD JOURNAL FROM TYPE 2 TO I 12/06/00 JOURNAL GALYANS TRADING INC GLYN 150.000 JOURNAL FROM TYPE 2 TO I 12/06/00 JOURNAL MBNA CORP KRB .1.000.000 JOURNAL FROM TYPE 2 TO I 12/06/00 JOURNAL TYCO INTERNATIONAL LID ITC 100.000 JOURNAL FROM TYPE 2 TO I 12/05/03 JOURNAL VECTOR GROUP LTD VGR .412.658 JOURNAL FROM TYPE 2 TO I TOTAL 027 DI 0' D4:12:S4 001 .818 EFTA00196661 CLEARED THROUGH ITS 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC,r,PO COO Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Nee York 10179 Ore Mem:tech Contec Noah Beccioon. New re* 1201.3$S9 STEARNS FINANCIAL TRUST COMPANY INC 6 I STATEMENT PERK* November 29.2003 THROUGH December 31.2003 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER MAPPER Co File DEPOSITS AND WITHDRAWALS LAST STATEMENT November 28.2003 EWE TRANSACTCt. DESCAP'ICH DEBIT AMOUNT CREDIT AMOUNT 12,03103 CHECK 66.00 HYPERION PARTNERS II L.P. TOTAL $.66.00 DIVIDENDS DATE OESCRPTION STMEICVOUSIP WARM RATE CS) DEBIT AMOUNT CREPT AMOUNT 12/30/03 VECTOR GROUP LTD VGR 412.658 0.4000 165.063.20 REC 12/19103 PAY 12/30/03 TOTAL $165.063.20 INTEREST DATE DESCRPTKIN STAIDOUCLISIP OUNYTITY RATE Dre CENT AMOUNT CREDIT AMOUNT 12/22/03 INTEREST ON CREDIT BALANCE 211.20 ACCT 038£6056 AT 00.50000% 11/21 12.'20 TOTAL $211.20 MISCELLANEOUS cry moarN TONSACT ON DESCRIPTOR DEBT AMOWIT CREPT MOUNT 12,05,03 JOURNAL JOURNAL FROM TYPE 2 TO 1 506.728.13 12;05/03 JOURNAL JOURNAL FROM TYPE 2 TO 1 506.728.13 TOTAL $.506,728.13 9506.728.13 027 01.01,04:I2S: 001 Y8I8 EFTA00196662 CLEARED THROUGH ITS YiHMV ChMR0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet Saea•ns SON, bel Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YOrk Non York 10179 Ore Momloch Cantof Noah 0eock11n. New Tuk 11201.3959 STEARNS FINANCIAL TRUST COMPANY INC 7 vi STATEMENT PERK* November 29.2003 TRRouoR December 31.2003 ACCCUNT NUMBER Trades Executed Pending Settlement TAXPAYER MaER On File LAST STATEMENT November 28.2003 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIRK*1 SMA301)CUSIP MITT PRICE DEW AMOUNT CR= AMOUNT 01/05/04 12/29/03 BOUGHT IFIL(IST FIN ITAL) 100,000.00 3.2300 323,000.00 EURI INVST CL TOTAL $323.000.00 $0.00 The chow Peon Eo eel (ppm in Any Ow sedge of mhi Ralowet Your messages As part of the National Association of Securities Dealers (NASD) Investor la" Education Program, you may obtain information on the NASD's Public fa" Excess SIPC Account Protection Update Bear, Steams Securities Corp, (BSSC'), a member of the Securities Investor Disclosure Program by contacting the NASD at telephone number (800) Protection Corporation (SIPC"), provides account protection for the net equity 289.9999 or via the intemet address which is wvm,nasdr,com, In addition, a of a customer's funds and securities positions. SIPC provides $500,000 of brochure explaining the Public Disclosure Program is available from the NASD primary net equity protection, including $100,000 for claims for cash ("SIPC upon request. Coverage"). Visit mvw.sipc.org for more information about SIPC Coverage. BSSC provides the additional protection ("Excess SIPC') through a commercial insurer, Effective February 16, 2004, the commercial insurer for Excess SIPC will change to Customer Asset Protection Company ("CAPCO"), a licensed New York insurance company. Account protection applies when a SIPC member firm fails financially and is unable to meet its obligations to its securities customers, but does not apply to losses from the rise or fall in the market value of investments or to SIPC ineligible assets such as options, futures, foreign exchange transactions, or any investment contracts that are not registered as securities. 027 01101104;12:64 001 VaIa EFTA00196663 CLEARED THROUGH ITS WitCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. &retro& SOC‘ribtf COO. BEAR Bear. Stearns & Co. Inc. Cc* Metrolech Corder North 383 Madison Avenue Becck/on. New Tuft 11201.3859 STEARNS New York New York 10179 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD November 1.2003 ACCOUNT EXECUTIVE ZICHaRMAN.IRA TELEPHONE THROUGH November 28.2003 VISIT OUR WEBSITE Aww.uearsIearns.com ACCCUNT muesli What's In This Statement 11111111111111111 II TAXPAYER KINSER On Fee LAST STATEMENT October 31.2003 Financial Summary 3 FINANCIAL TRUST COMPANY INC Your Portfolio Holdings 4 C/0 AMERICAN YACHT HARBOR • Transaction Detail 5 6100 RED HOOK SUITE B•3 QUARTERS #2 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURITIES THIS PERIOD 39.219,023 Cash & Equvalent 4 $5°6.975 3898.233 NET CREDIT BALANCE 506,975 Equnies — $39.219,023 $38,570,534 : $-335,750 NET EQUITY THIS PERIOD $39,725,998 Current market yak* NET EOUITY LAST STATEMENT 39,133,017 tag Last statements market value Short market value CHANGE SINCE LAST STATEMENT 592,981 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roza ropNi ant drforonoo a nustoctio of charm or socks. °Moog0 as doltrogoa lo p5u. 10 Cleni Sonic*. 018006114428: a wwto 10 Choi SONICOS a Boot Room &comes Ca,. One lArhokwh Coolly Not. BrooNri, NY. II2914859 Sit TME MernMY a for niOnnibeaal poposes coly els roe MOM as a tat document less stateenorc should be Maned for your records Ste revers* sole for wooden Scemaeco 027 11,29QT:06:43 001 V818 EFTA00196664 CLEARED 1HROUGH RS wilekLY 0"E0 SUBSIDIARY Beer. SZeirns SON, b81 00,8. Ceol.levelea Cantet Noah Broeklln• New Ye* 11201.3859 FINANCIAL TRUST COMPANY INC 2 ele STATEMENT BACKER IS PRINTED ON THIS PAGE 027 Ilt2803:08:43 001 Y818 EFTA00196665 CLEARED 1HRWGH ITS ?RIMY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beef. SZeirns SON, bel GNP Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Cc* Mebalech Cella Noah ettd001. New Ye* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 3 STATEMENT PERIOD NOYeriltel 1.2003 THROUGH Novernter 28.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER AMBER OR PIM DC PERIOD YEAR TO DATE THIS PERICO LAST STATEMENT OC1009I 31.2003 Opening Balance $898,233.13 Dividends 1.250.00 543,886.91 Substitute Payment 0.00 194.747.20 Dividends/Interest 1.496.53 Credit Balance Int. 246.53 1.496.70 Amount Credited $1,496.53 Total 31.496.53 $740,130.81 Securities Bought -392.755.00 Margin Int. Paid 0.00 -44,988.13 Amount Debited $-392,755.00 Net Cash Activity -391.258.47 Portfolio Composition Closing Balance $506.974.66 Cash/Cash Equivalent 506,975 Sam* Oaf nasioto a cash bemoan atectal Rpm No na inclaglod in Mu section: sod% MINIM. as wall m Mails lot al one transacbra ns poesod. Equities 39.219,023 await in Rare-Now Total $39,725,998 Your Portfolio Allocation Cash Balance Summary OFEN14 CLOSING Cash 47,808.28 246.53 Cash 8 Equireeet 1% Margin 547,924.59 506/28.13 Short 302,500.26 0.00 Net Cash Balance $898,233.13 8506.974.66 — Equities 99% UnsPadatl podions den* debt OVUM, andt• Shrl menet yews he almabon percenmoe is clewed Item te absolute marital value of Iw palkno 027 114903:08:43 001 Y818 EFTA00196666 CLEARED THROUGH ITS wilekLY ChM,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, b81 Cat. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Otto/kenloch Ow:tog Noah Beccidon. New Year 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 4 STATEMENT PERK* NOYerTiCet 1.2003 THROUGH November 28.2003 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER nx.m3ER On PIM LAST STATEMENT WOW! 31.2003 IMPILE1 ESTIMAIED CURPENT DESCRPTION SYEIBOLOUSIP DUMMY PRICE VALUE NtNJM. INCOME YIELD IN.) CASH BALANCE 506.975 TOTAL CASH & CASH EQUIVALENTS $506.975 EQUITIES Equities & Options ADC! MANCE1 MIMED CVRBJT DESORPTION SYMBOUOUSIP TYPE OUANTITY PACE VALUE ANNUAL INCOME YEW IIM FLEXTRONICS INTERNATIONAL FLEX MRGN 100.000 16.0300 1.603.000 LTD GALYANS TRADING INC GLYN MRGN 150.000 13.3500 2.002.500 MBNA CORP KRB MRGN 1.000.000 24.5200 24.520.000 400.000 1.6313 TYCO INTERNATIONAL LTD TYC MRGN 100.000 22.9500 2.295.000 5,000 0.2179 VECTOR GROUP LTD VGR MRGN 412.658 17.0000 7.015.186 660.253 9.4118 SENTIGEN HOLDING CP RSID CASH 333.334 5.3500 1.783.337 Total Equities& Options $39,219,023 $1,065.253 TOTAL EQUITIES $39,219,023 $1,065.253 YOUR TOTAL ESTIMATED ANNUAL INCOME $1.065.253 YOUR PRICEDPORTFOLIOHOLDINGS $39,725.998 027 11,29,133:06:43 ODI '.818 EFTA00196667 CLEARED THROUGH ITS 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC.r.t.81 GOO. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Dec Mevelech Centec Noah Beccmon. Nev. Year 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 5 STATEMENT PER100 NOYeriltet 1.2003 THROUGH November 28.2003 Transaction Detail ACCOUNT NUMBER TAXPAYER PARKER On File INVESTMENT ACTIVITY LAST STATEMENT October 31,2003 SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION SY1ABOLICUMP °mann macs DEBIT AMOUNT MDR MCIUta 11/20/03 11/17/03 BOUGHT HOWNGER INTERNATIONAL INC HUI 25,000 15.65000 392,755.00 CL A COVER SHORT, TOTAL $.392.755.00 DIVIDENDS Dc.-E DESORPTION SYMBOUCIAIP CMANMY RATE <S1 DEBT AMOUNT CREDIT AMOUNT 11/03/03 TYCO INTERNATIONAL LTD TYC 100,000 0.0125 1,250.00 REC 10101(03 PAY 11/01103 TOTAL $1,250.00 INTEREST DATE DESCRIPTION SYMEICUCICIP OUANTITY RATE 1%/ DEBIT AMOUNT CREDIT AMOUNT 11/21/03 INTEREST ON CREDIT BALANCE 0.5000 246.53 AT 0 1/2% 10/21 THRU 11/20 TOTAL $246.53 MISCELLANEOUS DATE M0DAY TRANSACTION DESCRIPTION DENT AMOUNT CAEN! AMOUNT 11/03/03 JOURNAL MARK TO MARKET 33,249.00 11/03/03 JOURNAL MARK TO MARKET SHORT POS 33.249.00 11/10/03 JOURNAL MARK TO MARKET 10,250.00 027 11,290303:43 001 EFTA00196668 CLEARED THROUGH nS yngXly OHNEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BON. Deans Searrhal Gap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Moreton Canto Noah Becciorn. New Year 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 6 STATEMENT PERK* Noventer 1.2003 THROUGH November 28.2003 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER WEISER On File MISCELLANEOUS (continued) LAST STATEMENT October 31.2003 DATE ICTIETT 115VIISACTON DESCRIPTION Din AMOUNT CREW AMOUNT 11/10/03 JOURNAL MARK TO MARKET SHORT POS 10,250.00 11/17/03 JOURNAL MARK TO MARKET 8,499.00 11/17/03 JOURNAL MARK TO MARKET SHORT P06 8,499.00 11/19/03 JOURNAL JOURNAL FROM TYPE 1T02 47,808.28 11/19/03 JOURNAL JOURNAL FROM TYPE 1T02 47.808.28 11/20/03 JOURNAL JOURNAL FROM TYPE 2 TO 5 22,254.74 11/20/03 JOURNAL JOURNAL FROM TYPE 2 TO 5 22.254.74 11/24/03 JOURNAL MARK TO MARKET 33.000.00 11/24/03 JOURNAL MARK TO MARKET SHORT P06 33.000.00 TOTAL 5-155,061.02 $155.061.02 End of Statement 027 11/2903:08:03 001 vale EFTA00196669 CLEARED THROUGH ITS WHOLLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 8/NI. &retro& SOCoilitl Cap. BEAR Bear. Stearns & Co. Inc. Ore Nebotech Corder North 383 Madison Avenue Becck//n. Hew Tait 11201.3859 STEARNS New York New York 10179 FINANCIAL TRUST COMPANY INC STATEMENT PERK* OCtOter 1.2003 ACCOUNT EXECUTIVE ZI3HERMAN,IRA TELEPHONE THROUGH OCTOON 31.2003 VISIT OUR WEBSITE wuw.uearstearns.com ACCOUNT NUMBER What's In This Statement IIIIIIIII111111111 II TAXPAYER NUMBER Oci FIk LAST STATEMENT Septeoter 30.2003 Financial Summary 3 FINANCIAL TRUST COMPANY INC Your Portfolio Holdings 4 0/0 AMERICAN YACHT HARBOR • Transaction Detail 5 6100 RED HOOK SUITE B•3 QUARTERS #2 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash & Equvalent 5898.233 TOTAL VALUE OF SECURITIES THIS PERIOD 38.234,784 $820.761 NET CREDIT BALANCE 898.233 Equines 538.570.534 . 5.335.750 r5.284,778 : S-308.750 NET EQUITY THIS PERIOD 339,133,017 Current market value NET EOUITY LAST STATEMENT 35,796,789 gm Last statements market value Short market value CHANGE SINCE LAST STATEMENT 3,336,229 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roza rood any Mame a nontoceire of duds or socks. oulleolod as &Woad lo p5u. 1e Cleni Sone*. 018006114428: a vat lo ChM SONICOS m Soot Steam SccuMos Cap.. One IA/1mM+ Cool.. Not. BrooNyn, NY. 112014059 Sit THE Pelmin, fOr mormsbonal papaw s orly Nis ra OEMS as a tau downers Tres statornorc should tio maned for your words So worn ado for immure air:maw 027 11,0103:14:02 001 7919 EFTA00196670 CLEARED 1HROUGH NS 0%1N.E0 SUBSIDIARY Beer. Saea•ns SONnt.81 00,0 CeoLlevolech Cantet Noah Beano. New Ye* 11201.3859 FINANCIAL TRUST COMPANY INC 2 ele STATEMENT BACKER IS PRINTED ON THIS PAGE 027 11)01,03:14:02 001 Y818 EFTA00196671 CLEARED 1HRWGH ITS witekLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Screams Sec.r.tet Gap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 0 -4 Mebelech Center Noah ettd001. New TO. 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 3 STATEMENT PERKO ONOter 1.2003 THROUGH Octoter 31.2003 ACCCUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER NLICER On File DC PERI® YEAR TO DATE THIS PERIC0 LAST STATEMENT Septerrter 30.2003 Opening Balance 6820,760.61 Dividends 100.000.00 542,636.91 Substitute Payment 0.00 194,747.20 Funds Deposited 21,500.00 Credit Balance Int. 216.45 1,250.17 Dividends/Interest 100.216.45 Total 6100,216.45 $738,634.28 Miscellaneous 6.07 Margin Int. Paid 0.00 -44,988.13 Amount Credited $121,722.52 Funds Withdrawn -43.000.00 Dividends Interest Charged -1.250.00 Portfolio Composition Amount Debited $44.250.00 SKR! Lam Cash/Cash Equivalent 898.233 Net Cash Activity 77,472.52 Equities 335.750 38.570.534 Closing Balance $898.233.13 Total $335,750 $39,468,767 Your Portfolio Same Oar transfers ol cash balsam accost Imes are not onclucled awe ;Khan. such Inmerers. as well as details N. all Other IfinSOCICIE Ns penal. Allocation appeat m Transaction Dotal. Cash Eqkvalent 2% Shod Equines cl% Cash Balance Summary 0PFt.h.G CL0SN0 1, Cash 69,091.83 47,808.28 Margin 447,668.52 547,924.59 Short 304,000.26 302,500.26 Net Cash Balance 6820,760.61 $898,233.13 — Equities 97% Urtrvaed P0M0, ' 00n010 debt balance arch> !hot male wives he elocabcm perceMna a clewed Icon Vo ebsalte markei value el swv palreaa 027 11.01,03:14:C0 001 1818 EFTA00196672 CLEARED THROUGH ITS ?mew, OMT‘ED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC.r.bel Cory. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Metsolech Contec Noah Beano. New Ye* 11201.3559 STEARNS FINANCIAL TRUST COMPANY INC 4 STATEMENT PEF000 WOW 1.2003 THROUGH °MIMI 31.2003 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER KINSER On File LAST STATEMENT SepleMbSI 30.2003 IMPREI ESTIMATED CURRENT DESCRPRON SIMBOLCUSIP OUANITTT PRICE vALuE MANUAL INCOME YIELD IN./ CASH BALANCE 898.233 TOTAL CASH & CASH EQUIVALENTS 5898.233 EQUITIES Equities & Options ADC! IMRCE1 ESTIMATED CURRENT DESORPTION SYMBOUCUSIP TYPE OUANTITY PRICE VALLE ANNUAL INCOME YE101%) FLEXTRONICS INTERNATIONAL FLEX MRGN 100.000 14.0000 1.400.000 LTD GALYANS TRADING INC GLYN MRGN 150.000 13.1100 1.966.500 HCIIINGER INTERNATIONAL INC Hill SHRT -25.000 13.4300 -335.750 -5.000 1.4892 CL A MBNA CORP KRB MRGN 1.000.000 24.7500 24.750.000 400.000 1.6162 TYCO INTERNATIONAL LTD TYC MRGN 100.000 20.8800 2.088.000 5,000 0.2395 VECTOR GROUP LTD VGR MRGN 412.658 15.7500 6.499.364 660.253 10.1587 SENTIGEN HOLDING CP RSTD CASH 333.334 5.6000 1.866.670 Total Equities& Options $38.234.784 $1.060.253 TOTAL EQUITIES 538.234.784 $1.060.253 YOUR TOTAL ESTIMATED ANNUAL INCOME $1.060.253 YOUR PRICEDPORTFOLIOHOLDINGS $39.133.017 027 11)01MS:14:02 001 YS1S EFTA00196673 CLEARED THRWGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC.r.t.81 CND. Bear. Stearns 8 Co. Inc. BUR 383 Madison Avenue New YY New York 10179 Ore Mem:tech CarrIN Noah Beccidon. New Tuft 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 5 STATEMENT PERIOD WOW! 1.2003 THROUGH WOOS! 31.2003 Transaction Detail ACCOUNT NUMBER TAXPAYER AVUSER On File DEPOSITS AND WITHDRAWALS LAST STATEMENT SepleMtet 30.2003 DVE iPnat U. DESORPTION DEBIT AIAOIAR CREDIT AMOUM 10/09 CHECK CK ACCT 21.500.00 FINANCIAL MPANY 10/10/03 CHECK CK ONACCT 21.500.00 GEORGE V DEL 10/10/03 DEPOSIT CHECK REDEPOSIT 21,500.00 I IIRCMPANY TOTAL 543.000.00 $21.500.00 DIVIDENDS DA-E DESCRIPTION STMEICUCLISIP CA:WM RATE (5) DEBIT AMOUNT CREDIT AMOUNT 10101/03 MEINA CORP KR8 1,000,000 0.1000 100,000.00 REC 09/15/03 PAY 10/01/03 10/02/03 HOWNGER INTERNATIONAL INC HIS 1,250.00 CL A DIV CHG 25000 SHS SHORT REC 10/01103 PAY 10/15/03 TOTAL $.1.250.00 $100.000.00 INTEREST DATE OESCRPTION STME/WCUSIP DUAARITY RATE l%/ DEBIT AMOUNT [MDR AMOUNT 10/21/03 INTEREST ON CREDIT BALANCE 0.5000 216.45 AT 0 1/2% 09/21 THRU 10/20 TOTAL $216.45 027 11.01,03:14:02 001 Y818 EFTA00196674 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. szeirns soc,m*, Cap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 0-4 Mon:tech CarrIN Noah DeafCon. New Ye* 1201.3869 STEARNS FINANCIAL TRUST COMPANY INC 6 STATEMENT PERKX) OCIOOSI 1.2003 THROUGH OCMOSI 31.2003 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER WESER On File MISCELLANEOUS LAST STATEMENT SepMonte 30.2003 DATE MOAT TRANSACTION DESCRIPTION CENT AMOUNT CREPT AMOUNT 10/01/03 CASH-LIEU VECTOR GROUP LTD 6.07 CASH IN LIEU OF .40000 REC 09/19103 PAY 09/29/03 10/06103 JOURNAL MARK TO MARKET 824/00 10106/03 JOURNAL MARK TO MARKET SHORT POS 1249.00 10/13/03 JOURNAL MARK TO MARKET 1,500.00 10/13/03 JOURNAL MARK TO MARKET SHORT P06 1500.00 10/20/03 JOURNAL MARK TO MARKET 1249.00 10/20/03 JOURNAL MARK TO MARKET SHORT P06 3.24100 10/27/03 JOURNAL MARK TO MARKET 1750.00 10/27/03 JOURNAL MARK TO MARKET SHORT POS 6,75000 TOTAL $-19.748.00 $19.754.07 Endof Statement 027 11)01MS:14:02 001 YS1S EFTA00196675 CLEARED THROUGH ITS witekLY OHnE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Best. Stearns SON, I*1 CaP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York. New York 10179 0 -4 Mevolech Gorda Noah Beccioon. New Toot 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC STATEMENT PERIOD August 30.2003 ACCOUNT EXECUTIVE CHERMAN.IRA TELEPHONE THROUGH Septernter 30.2003 VISIT OUR WEBSITE IAV near stearns.com ACCOUNT NUMBER What's In This Statement IIIIIIIIIIIIIIIII II TAXPAYER MASER On File LAST STATEMENT August 29.2003 Financial Summary 3 FINANCIAL TRUST COMPANY INC 4 C/0 AMERICAN YACHT HARBOR • Your Portfolio Holdings 6100 RED HOOK SUITE 6-3 Transaction Detail 5 QUARTERS #2 Your Messages 7 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Important Message Bear Stearns is pleased to $820.761 Cash .1 Equvalent announce our conversion to TOTAL VALUE OF SECURITIES THIS PERIOD 34.976,028 is 5594.703 a calendar month•end NET CREDIT BALANCE 820,761 535,284.778 $-308.750 statement. Effective this Equnes month. your account --rwipfc 535.542.758 $.313.500 statement reflects all NET EQUITY THIS PERIOD $35,796,789 activity and account Current market vaue valuation up to and ME Last statements market value including the last business NET EOUITY LAST STATEMENT 35,823,961 Short market value day of the month. CHANGE SINCE LAST STATEMENT -27,173 There are no 'Stop loss' orders or other pending buy or sell open orders on file for your account. Nona ropon ant deacon a rawness of tern or mocks. normal as doltroroa to you. netnerenTYNke nrwmabwal pawns say Akin Needed natal daurner1 lo Clem Swan al 8006141428: a yet to Clam Samoa a Sow. Steam Snumos Tin Raternere amid be atoned for your records. Serrano S. for rroonore ntainaton Ca,. One 1.1floloch Cofer North. BrooNri NY. II2014059 027 1001MS:11:21 001 Y813 EFTA00196676 CLEARED 1HROUGH NS wilekLY 0"E0 SUBSIDIARY Beer. SZeirns SON, b81 Cap. Ceol.levalech Cantet Noah Beccidon. New Yuk 11201.3859 FINANCIAL TRUST COMPANY INC 2 ale STATEMENT BACKER IS PRINTED ON THIS PAGE 027 16131.'03:11:21 001 Y813 EFTA00196677 CLEARED 1HRWGH ITS niCkLY 00nE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Best. Screams S0C.r.bal G00. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Ore Mevolech Center Noah Beccidon. New Ye* 11201.3559 STEARNS FINANCIAL TRUST COMPANY INC 3 can STATEMENT PERIOD August 30.2003 THROUGH Septernter 30.2003 ACCCUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER PAIUSER On File THIS PERIGO 116 PERIOD YEAR TO DATE LAST STATEMENT August 29.2003 Opening Balance $594,703.22 Dividends 157.203.20 442,636.91 Substitute Payment 0.00 194,747.20 Funds Deposited 68,733.00 Credit Balance Int. 121.19 1,033.72 Dividends/Interest 157,324.39 Total $157,324.39 $638,417.83 Amount Credited $226,057.39 Margin Int. Paid 0.00 -44,988.13 Net Cash Activity 226,057.39 Closing Balance $820.760.61 Same Oar 'rosin 0 cash breann accost Wars are not onclucled in Om Portfolio Composition sectran. such Icantrers. n well as &mails Ir O Oar airman toe paned. Man! In Trarealm Ornai SKR! LONG CashiCash Equivalent 820.761 Equities 308.750 35.284.778 Cash Balance Summary Total 8308.750 $36,105,539 Your Portfolio OPENING CLOSING Allocation Cash 237.64 69,091.83 Margin 291,966.32 447,668.52 Short 302,499.26 304,000.26 Net Cash Balance $594,703.22 $620,760.61 — Equities 97% Unifr000d P0,00, 5 00°010 debt balance anov Ihrl male wive, The elocabc. parte/tan is 00.00 Icon to 000.0 markei ralue el .ev man" 027 10131.133:11:21 001 V813 EFTA00196678 CLEARED THROUGH ITS OMnED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC,nt.el E.00. Bear. Stearns & Co. Inc. BUR 383 Madison Avenue New YY New York 10179 Cr.* Metselech Ow:1N Noah Beano. New Ye* 11201.3559 STEARNS FINANCIAL TRUST COMPANY INC 4 STATEMENT PERIOD August 30.2003 THROUGH Septernter 30.2003 Your Portfolio Holdings AcccuNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER Pa.m3ER On File LAST sTATELIENT August 29.2003 MARKET ESTIMATED CURPENT DESORPTION SIMBOLOUSIP OUANTITY PRICE VALUE !ANS INCOME YIELD I%4 CASH BALANCE 820,761 TOTAL CASH & CASH EQUIVALENTS $820.761 EQUITIES Equities & Options ADC! MARREI ESTIMATED OURFOIT DESORPTION SIMBOUCUSIP TYPE OUANTITY PRICE VALUE ANNUAL INCOME YIELD I%) FLEXTRONICS INTERNATIONAL FLEX MRGN 100.000 14.1800 1.418.000 LTD GALYANS TRADING INC GLYN MRGN 150.000 10.2100 1.531.500 HCIIINGER INTERNATIONAL INC Hill SHRT -25.000 12.3500 -308.750 -5.000 1.6194 CL A MBNA CORP KRB MRGN 1.000.000 22.8000 22.800.000 400.000 1.7544 TYCO INTERNATIONAL LTD TYC MRGN 100.000 20.4300 2.043.000 5,000 0.2447 VECTOR GROUP LTD VGR MRGN 412.658 14.4000 5.942.275 660.253 11.1111 SENTIGEN HOLDING CP RSTD CASH 333.334 4.6500 1.550.003 Total Equities& Options $34,976.028 $1,060,253 TOTAL EQUITIES $34,976.028 $1,060,253 YOUR TOTAL ESTIMATED ANNUAL INCOME $1.060253 YOUR PRICEDPORTFOLIOHOLDINGS $35.796.789 027 labI ..03:11:21 001 YSI2 EFTA00196679 CLEARED THRWGH ITS ?RIMY 0%M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet. SZeirns SON, b81 CO,P. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Non York 10179 Ore Metsolech Contec Noah Beccidon. New VC* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 5 vi STATEMENT PERK* August 30.2003 THROUGH Seprernter 30.2003 Transaction Detail ACCOUNT NUMBER TAXPAYER 10.93ER On File INVESTMENT ACTIVITY LAST STATEMENT August 29.2003 summer:1 TRADE DATE DATE 'RANSICTKON DESORPTION ST/MOLICUSIP OVANTiTY PFOCE DEBIT AMOUNT CREPT ATAXNT 09129/03 09/19/03 BOUGHT VECTOR GROUP LTD VGA 19.650 SEE NOTE ' ' SIMDR ON AEC SHS 09/19003 .2903 A OF 09/19,03 TOTAL DEPOSITS AND WITHDRAWALS DATE niN4SACTCN DESORPTION DEMI AMOUVT CREDIT AMOUNT 09/22/03 FUNDS REC FNDS WIRED TO CITIBANK FROM 68.733.00 TOTAL NSW. CO. INC' $68.733.00 DIVIDENDS DATE DESORPTION STMEIOLCUSIP OUNYTITT PATE ( I CEMT AMOUN' CREDIT AMOUNT 09/29/03 VECTOR GROUP LTD VGA 393.008 0.4000 157,203.20 REC 0919,03 PAY 09,29)03 TOTAL $157.203.20 027 16131.'03:11:21 001 11913 EFTA00196680 CLEARED THRWCH FIS nerf ORnE0 SUBSIDIARY OFRCE SERWCING TOUR ACCOURT east szerns secw.bei Co >R. Bear. Stearns 8 Co. Inc. BU1LIZ 383 Madison Avenue New YY New York 10179 Ce* Mevolech Cent« North Receron. New Tex 11201.3859 STDM-ZNS FINANCIAL TRUST COMPANY INC 6 STATEMENT PER100 Auent 30.2003 THROUGH SepleiTRRI 30.2003 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER NuMER On File INTEREST LAST STATEMENT Mont 29.2003 DATE DESCRPTION SVIABCIJCUSIP »MIT RAIE DENT AMOUNT CREDIT AMOUR! 09/22103 INTEREST ON CREDIT BALANCE 0.5000 121.19 AT 0 1/2% 08/21 THRU 09/20 TOTAL 5121.19 MISCELLANEOUS DATE MCIVAY TRANSACTOI DESCRIPTION DENT MOUNT Gnon MI NT 09/02103 JOURNAL MARK TO MARKET 11,000.00 09/02103 JOURNAL MARK TO MARKET SHORT POS 11.000.00 09/08/03 JOURNAL MARK TO MARKET 9,750.00 09/08/03 JOURNAL MARK TO MARKET SHORT POS 9.750.00 09/16/03 JOURNAL MARK TO MARKET 3.750.00 09/16/03 JOURNAL MARK TO MARKET SHORT POS 3,750.00 09/22103 JOURNAL MARK TO MARKET 2,500.00 09/22103 JOURNAL MARK TO MARKET SHORT POS 2.500.00 09/29/03 JOURNAL MARK TO MARKET 25.499.00 09/29/03 JOURNAL MARK TO MARKET SHORT POS 25,499.00 TOTAL 6-52,499.00 $52.499.00 027 latle03:11:21 001 EFTA00196681 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BOW. SleamS SOMHIORT CO( .D BEAR Bear. Stearns 8 Co. Inc. Ono Mettotech Confer Noah 383 Madison Avenue Elrecklin. New Ye* 1120/3859 STEARNS New York. New York 10179 FINANCIAL TRUST COMPANY INC 7 r, STATEMENT PERIOD August 30.2003 THROUGH Septemter 30.2003 ACCOUNT NUMBER TAXPAYER AUMBER On File Your messages LAST STATEMENT August 29.2003 Securities and other assets in your account are the firm's collateral for any Ear Bear. Stearns Securities Corp. Net Capital and Net Capital Requirements: margin loan made to you, If the securities and other assets in your account At May 31, 2003 and July 31. 2003, the Company's net capital of decline in value, so does the value of the collateral supporting your loan, and. approximately $2.4 billion and $3.0 billion was approximately 6% and 7% of as a result, the firm can take action, such as issue a margin call and/or sell aggregate debit items and exceeded the minimum regulatory net capital securities or other assets in any of your accounts held with the member, in requirement of approximately $799,5 million and $904.4 million by order to maintain the required equity in the account It is important that you approximately $1.6 billion and $2.1 billion, all respectively, fully understand the risks involved in trading securities on margin. These risks include the following: A complete copy of the Bear. Stearns Securities Corp, Statement of Financial Condition is available on the web site www.bearsteams.com. Altematively, to You can lose more funds than you deposit in the margin account. request a free printed copy please call - toll free 1.666-299.9331. The firm can force the sale of securities or other assets in you 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 10,01833:11:21 001 Y813 EFTA00196682 CLEARED THROUGH ITS wilekLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC,nbel GNP. Bear. Stearns 8 Co. Inc. BUR 383 Madison Avenue New YY New York 10179 Ore Mon:tech Coma Noah BecciCon. New Ye* 11201.3559 STEARNS FINANCIAL TRUST COMPANY INC 8 STATEMENT ou000 August 30.2003 THROUGH Septernter 30.2003 ACCOUNT NUMBER TAXPAYER RINSER Cfl FIk LAST STATEMENT August 29.2003 This statement is provided to explain Bear, Steams & Co, Ina (BSC') payment for order flow practices. fige Pursuant to SEC Rule 11Ac1.6, please note the following: BSC routes a majority of orders for customer securities transactions to the Bear. Steams & Co. Inc. will post its quarterly routing statistics at the following primary market for such securities, Orders may also be routed to other market web link: http://wvm,bearsteams,comf, Click on Individual Investor. Click on service vendors that assure executions pursuant to complex mathematical Equities, Click on Order Routing Practices. formulas at better than the national best bid or best offer (NBB0). BSC receives no cash payment or other consideration for such order routing other Customers of Bear, Steams & Co, Inc, may request information on any order than favorable executions or executions of limit orders at no additional charge. executed within the prior six months from the time of the 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. End of Statement 027 latil.'03:11:21 001 11913 EFTA00196683 CLEARED THROUGH ITS WNW? 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Steaks Boomer Dap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue Ore Metsolech Contof Noah Becck//n. New To* 11201.3859 STEARNS New York New York 10179 FINANCIAL TRUST COMPANY INC ACCOUNT EXECUTIVE ZICHERMAN.IRA STATEMENT PER100 Jug 26.2003 TELEPHONE THROUGH August 29.2003 VISIT OUR WEBSITE 61/W bedISIORMS.COM ACCOUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER NUMBER On File LAST STATEMENT July 25. 2003 Financial Summary 3 FINANCIAL TRUST COMPANY INC 4 CAD AMERICAN YACHT HARBOR • Your Portfolio Holdings 6100 RED HOOK SUITE 6.3 Transaction Detail 5 QUARTERS #2 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Important Message Bear Stearns is pleased to Cash S. Equvalent S594.703 TOTAL VALUE OF SECURITIES THIS PERIOD 35.229,258 announce our conversion to ;: S593.318 a calendar monthend NET CREDIT BALANCE 594,703 $35.542.758 : 8-313.500 statement. Effective Equities — $36.161.059 : 8-273.500 September 2003.your account statement will NET EQUITY THIS PERIOD $35,823,961 reflect all activity and Current market vane account valuation up to and Last statements market value including the last business NET EQUITY LAST STATEMENT 36,480,877 tal Short market value day of the month. CHANGE SINCE LAST STATEMENT -656,915 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roza ropNi any clIforonoo a rooroctiot of duds or stocks. eldicolod as doltrorod to p5u. lo GINN SoMa 01 800611.1429: a wwin to ChM SoNkos M Sow. Steam Sccunies Cup.. OwolAttottwl, Coolly North. BrooNyn, NY I12014BSS et INS WIYANY to ITTOTITMBOwal strops*, only els roe MOM as a tat &on* Tin stetson should tot Maned for your records Su mom Sr for *modem reamatuo 027 080003:13:05 001 M912 EFTA00196684 CLEARED 1HROUGH RS wilekLY 0"E0 SUBSIDIARY Beer. SZeirns SOC,r4.81 00,0 0 -4 Monlea Cerra Noah Broeklln• New Ye* 11201.3859 FINANCIAL TRUST COMPANY INC 2 ele STATEMENT BACKER IS PRINTED ON THIS PAGE 027 00,3001:13:45 001 Y812 EFTA00196685 CLEARED 1HROOOH na vn10LLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bess. Sewn& Soontot GNP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 OtoLlebelech Cella Noah Becck//n. New Tuft 11201O859 STEARNS FINANCIAL TRUST COMPANY INC 3 STATEMENT PERK* Jul/ 26.2003 THROUGH August 29.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER htla3ER OTI hie THIS PERIO0 116 PERIOD YEAH TO DATE LAST STATEMENT July 25.2003 Opening Balance $593.317.54 Dividends 1,250.00 285,433.71 Substitute Payment 0.00 194,747.20 Dividends/Interest 1,385.68 Credit Balance Int. 135.68 912.53 Amount Credited $1.385.68 Total $1,385.68 $481,093.44 Net Cash Activity 1,385.68 Margin Int. Paid 0.00 -44,988.13 Closing Balance $594,703.22 „,weed in Sus 1 ,:re no penod. Portfolio Composition SHOW LOMB CashiCash Equivalent 594.703 Equities 313.500 35.542.758 Cash Balance Summary OPENING cLO81/10 Total $313.500 $36.137.461 Your Portfolio Cash 101.96 237.64 Allocation Margin 317,465.32 291,966.32 Cash 8 Equvalen: Sheet 275,750.26 302,499.26 1% Short Equines Net Cash Balance $593,317.54 $594,703.22 c1sa tl — Equities 98% UnsPaded potions ono* debt betance 'not, ;hal market vetca. The almalson pereenssps clr/sed Korn te absolute marital value of sty Dade., 027 C60003:13:45 001 VS12 EFTA00196686 CLEARED THROUGH ITS niCkLY CAM,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns CO,P. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Mevelech Cella Noah Beccioon. New Year 112014859 STEARNS FINANCIAL TRUST COMPANY INC 4 STATEMENT PERK* Jul/ 26.2003 THROUGH August 29.2003 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER WESER On File LAST STATEMENT JuTt 25. 2003 IMPILET ESTIMATED CURPENT DESCRPTiOti SYMBOLCUSIP OUANTITY PRICE VALUE !ANS INCOME YELD CASH BALANCE 594.703 TOTAL CASH & CASH EQUIVALENTS $594.703 EQUITIES Equities & Options ADC! MARKET ESTIMATED SURTO:I DESORPTION SYMBOUCUSIP TYPE OUANTITY PRICE VALLE ANNUAL INCOME VELD I%) FLEXTRONICS INTERNATIONAL FLEX MRGN 100.000 13.4900 1.349.000 LTD GALYANS TRADING INC GLYN MRGN 150.000 10.8310 1.624.650 HCIIINGER INTERNATIONAL INC HIA SHRT -25.000 12.5400 -313.500 -5.000 1.5949 CL A MBNA CORP KRB MRGN 1.000.000 23.3400 23.340.000 400.000 1.7138 TYCO INTERNATIONAL LTD TYC MRGN 100.000 20.5800 2.058.000 5.000 0.2430 VECTOR GROUP LTD VGR MRGN 393.008 14.4300 5.671.105 628.813 11.0880 SENTIGEN HOLDING CP RSTD CASH 333.334 4.5000 1.500.003 Total Equities& Options $35229,258 $1,028,813 TOTAL EQUITIES $35,229,258 $1,028,813 YOUR TOTAL ESTIMATED ANNUAL INCOME $1,028,813 YOUR PRICEDPORTFOLIOHOLDINGS $35.823,961 027 Of030A31:13:46 001 V812 EFTA00196687 CLEARED THROUGH ITS OHT.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC,rthel GOO Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Dec Mevelech Cella Noah BecciOon. New Year 112014859 STEARNS FINANCIAL TRUST COMPANY INC 5 STATEMENT PERKO Jut/ 26.2003 THROUGH August 29.2003 Transaction Detail ACCOUNT NUMBER TAXPAYER MOSER CH He DIVIDENDS LAST STATEMENT Ju// 25. 2003 DVE DESCRPTION STMEICESCUSIP OUWTITY FUME (ST DEBIT AMOUNT VIEW AMOUNT 08/01/03 TYCO INTERNATIONAL LTD TYC 100,000 0.0125 1,250.00 REC 07.01,03 PAY 0001:03 TOTAL $1,250.00 INTEREST DATE DESCRIPTION SYMBOUCUSIP OUPATITY RATE INT CENT AMOUNT CREDIT AMOUNT 08/21/03 INTEREST ON CREDIT BALANCE 0.5000 135.68 AT 0 1/2% 07/21 THRU 08/20 TOTAL $135.68 MISCELLANEOUS DATE MOAT TRAAISACICN DESCRIPTOR DENT AMOUNT CREW MA3UNT 07/28/03 JOURNAL MARK TO MARKET 2,250.00 07/28/03 JOURNAL MARK TO MARKET SHORT POS 2,250.00 08/04/03 JOURNAL MARK TO MARKET 7,499.00 08t04/03 JOURNAL MARK TO MARKET SHORT POS 7,499.00 08/11/03 JOURNAL MARK TO MARKET 2,999.00 08/11/03 JOURNAL MARK TO MARKET SHORT POS 2,999.00 08/18/03 JOURNAL MARK TO MARKET 18,999.00 08/18/03 JOURNAL MARK TO MARKET SHORT P06 18,999.00 08125/03 JOURNAL MARK TO MARKET 5,500.00 027 Et3003:13:45 001 VS12 EFTA00196688 CLEARED THROUGH DS vngkiv OBBE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns S0C‘rthel GNP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Non York 10179 CeoLlevelech Gent“ Noah &Wart New Year 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 6 o STATEMENT PERK* Jut/ 26.2003 THROUGH August 29.2003 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER WESER On File MISCELLANEOUS (continued) LAST STATEMENT Jut/ 25.2003 DATE LIODAT TPANSACTGN CESCAPTCN DEBT AUCUNT MCAT Aram 08/25/03 JOURNAL MARK TO MARKET SHORT POS 5.500.00 TOTAL 8-37.247.00 $37.247.00 End of Statement 027 083003:13:45 001 Y812 EFTA00196689 CLEARED 1HRC4JOH I1S Yille‘LY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Best. Szea•nE. SOC‘rili91 Co, . Boar. Stearns 8 CO. Inc. BffiR 383 Madison Avenue New York, New York 10179 CeoLlevoleen Center North Beecidp. New vak 11201.3859 STffiRNS FINANCIAL TRUST COMPANY INC ACCOUNT EXECUTIVE LIC.HERMAN.IRA STATEMENT PEntott June 28.2003 TELEPHONE THROUGH JuN 25. 2003 VISIT OUR WESSITE www.uearstearns.corn ACCOUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER MANER On file LAST STAMMET« June 27.2003 Financial Summary 3 FINANCIAL TRUST COMPANY INC Your Portfolio Holdings 4 CAD AMERICAN YACHT HARBOR 6100 RED HOOK SUITE 8-3 Transaction Detail 5 OUARTERS #2 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash 8 EctSvalent $593.318 TOTAL VALDE OF SECUFUTIES THIS PERIOD 35.887,559 $515.765 NET CREDIT BALANCE 593,318 $36 181 059 • 8-273.500 Equgl" Zi.i .;;==gg2"gt : $-273.500 NET EOUITY THIS PERIOD $36,480,877 Current merket veive NET EOUITY LAST STATEMENT 34,608,693 (iffil Last statements merket value Short merket value CHANGE SINCE LAST STATEMENT 1,872,183 There are no 'Stop Loss' orders or other pending buy or selt open orders on file for your account. Flowo ropar' an/ d114C011C0 or moroe.« ol toa' or Rocks. nelleolal as da/roma lo you. fl n ~MYR br nrormabonal paTX4.; aten m< ~Med naut ØR lo ClAni Sonleo. al B00(344428: or vaito lo Cloni SONICOS al Bow. Steam Smuirlos Tbs vaner« should borerne«, for your rocords See remse Se fa" ~ant rimrutan Ogie Meoleen Cool." North. 8rooWyn. NY 112014959. 027 n2803:10:09 001 EFTA00196690 CLEARED 1HROUGH NS 0%1N.E0 SUBSIDIARY Beer. Saea•ns SONnt.81 GOO. Ceol.levelea Cantet Noah Beano. New VC* 11201.3859 FINANCIAL TRUST COMPANY INC 2 ele STATEMENT BACKER IS PRINTED ON THIS PAGE 021 074103:10:09 001 11811 EFTA00196691 CLEARED 1HRWGH ITS O"EO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. SZeirns SOC,ribel Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue Nev York Nee York 10179 Otto/km:tech Centec Noah Becek/on. New Yak 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 3 C/ STATEMENT PERI00 June 28.2003 THROUGH Jul/ 25. 2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER On File DC PERIOD YEAR TO DATE THIS PERI00 LAST STATEMENT June 27.2003 Opening Balance $515,765.21 Dividends 80,000.00 284,183.71 Substitute Payment 0.00 194,747.20 Dividends/Interest 80,101.96 Credit Balance Int. 101.96 776.85 Amount Credited $80,101.96 Total $80,101.96 $479,707.76 Dividends/Interest Charged -2549.63 Margin Int. Paid -1.299.63 -44,988.13 Amount Debited $-2.549.63 Net Cash Activity 77.552.33 Portfolio Composition Closing Balance $593.317.54 SiCor .er•0 Same ON venters et cash beta...n email bras ate not im-I-xlecl in Ma 'MOO, fl)th 12IntIC, S. as well ar 0esals lo• di ore, Penns:tens Pis period. Cash/Cash Equivalent 593.318 accent in Trarertni, Demi Equities 273.500 36.161,059 Total $273,500 $36.754.377 Your Portfolio Allocation Cash Balance Summary OPENING CL061/10 Cash & Equvalem 1% Cash 5,259,913.05 101.96 Shed Equities c1% Margin -5.021,647.10 317,465.32 Short 277,499.26 275,750.26 Net Cash Balance $515.765.21 $593.317.54 I— &rites 98% UnsPadecl pectoris denole debt belsoce any ;hal meeket yews TN, elocebs percerwro is de•ned Korn to absolute market Vale o1 .tv oak.), 027 OL2103:10:09 001 Y811 EFTA00196692 CLEARED THROUGH ITS niCkLY OMV,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZNyns SON, bel CO,P. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Cc* Metsolech Centec Noah Br0CR11n. New Ye* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 4 STATEMENT PERK* June 28.2003 THROUGH Jul/ 25.2003 Your Portfolio Holdings ACCCUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER WEBER Co File LAST STATEMENT June 27.2003 MARKET ESTIMATED CURPENT DESCRIMON SYMBOLCUSIP DUMMY PRICE VALUE !ANS INCOME YIELD IM CASH BALANCE 593.318 TOTAL CASH & CASH EQUIVALENTS $593,318 EQUITIES Equities & Options ACCT MANCE1 ESTIMATED CURRENT DESCRPTION SIMBOUCUSIP TYPE OUANTITY PRICE VALLE ANNUAL INCOME YIELD I!:4 FLEXTRONICS INTERNATIONAL FLEX MRGN 100.000 11.1300 1.113.000 LTD GALYANS TRADING INC GLYN MRGN 150.000 12.0700 1.810.500 HCIIINGER INTERNATIONAL INC HIA SHRT -25.000 10.9400 -273.500 -5.000 1.8282 CL A MBNA CORP KRB MRGN 1.000.000 23.0000 23.000.000 400.000 1.7391 TYCO INTERNATIONAL LTD TYC MRGN 100.000 19.7000 1.970.000 5.000 0.2538 VECTOR GROUP LTD VGR MRGN 393.008 16.9400 6.657.556 628.813 9.4451 SENTIGEN HOLDING CP RSTD CASH 333.334 4.8300 1.610.003 Total Equities& Options $35,887,559 $1,028,813 TOTAL EQUITIES $35,887,559 $1,028,813 YOUR TOTAL ESTIMATED ANNUAL INCOME $1,028,813 YOUR PRICEDPORTFOLIOHOLDINGS $36,480,877 027 074103:10:09 001 11811 EFTA00196693 CLEARED THRWGH ITS niCkLY 0%P.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON•Pel GOP Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Metsclech CarrIN Noah BecciOon. New VC* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 5 STATEMENT PER•00 June 28.2003 THROUGH JuN 25.2003 Transaction Detail ACCOUNT NUMBER TAXPAYER NUMBER On File DIVIDENDS LAST STATEMENT June 27.2003 DATE DESORPTION STMEIWOUSIP CAMAITITY RATE (5) DEBIT AMOUNT cnEDIT AMOUNT 07/01/03 MBNA CORP MB 1.000.000 0.0800 80,000.00 REC 0603103 PAY 07/01/03 07/02/03 HOWNGER INTERNATIONAL INC HLR 1,250.00 CL A DIV CHO 25000 SHS SHORT REC 07/01703 PAY 07/15/03 TOTAL 5-1.250.00 $80.000.00 INTEREST DATE 0E5CRPTION SYMBOL/00W OVANTITY RATE I%/ DEBIT AMOUNT CREW AMOUNT 07/21/03 INTEREST ON CREDIT BALANCE 0.5000 101.96 AT 0 12% 06125 THRU 07/20 07/21/03 FROM 0621 THRU 07/20 ®2112% 2.5000 1.299.63 GAL 318.264- AVBAL 623.824 $-1.299.63 $101.96 MISCELLANEOUS DATE L1DDAT TRANSACTOR DESCRIPTOR DUE AMOUNT CREPT AMOUNT 06/30/03 JOURNAL MARK TO MARKET 3,999.00 06/30/03 JOURNAL MARK TO MARKET SHORT POS 3,999.00 07/07/03 JOURNAL JOURNAL FROM TYPE 1T0 2 5,259,913.05 07/07/03 JOURNAL MARK TO MARKET 4,749.00 07/07/03 JOURNAL JOURNAL FROM TYPE 1 TO 2 5,259,913.05 07/07/03 JOURNAL MARK TO MARKET SHORT P06 4,749.00 027 M2601:10:09 001 Yell EFTA00196694 CLEARED THROUGH ns vnicxly OUNE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC.M*1 GOP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 CcoMenolon Canto Noah Beccioon. New Ton 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 6 STATEMENT PERK* June 28.2003 THROUGH Jul/ 25.2003 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER WESER On File MISCELLANEOUS (continued) LAST STATEMENT June 27.2003 DATE MOST IRPAISACTI:N DESCRIPTION DENT AMOUNT MAT AMOUNT 07/14/03 JOURNAL MARK TO MARKET 749.00 07/14/03 JOURNAL MARK TO MARKET SHORT POS 749.00 07/21/03 JOURNAL MARK TO MARKET 500.00 07/21/03 JOURNAL MARK TO MARKET SHORT POS 500.00 TOTAL $-5,269,910.05 $5,269,910.05 End of Statement 027 074103:10:09 001 11811 EFTA00196695 CLEARED THROUGH RS YiHMV 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Steirnt. SONititt Corp. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Cr.* Metsolech Conte North BecdO/n. Hew Yak I1201.38S9 STEARNS FINANCIAL TRUST COMPANY INC STATEMENT PERK* May 31.2003 ACCOUNT EXECUTIVE ZICHERMAN,IRA TELEPHONE THROUGH June 27.2003 VISIT OUR WESSITE iymvheaisteams.com ACCOUNT NUMBER What's In This Statement IIIIIIIII11111111 II TAXPAYER NUmBER On File LAST snmEmENT May 30.2003 Financial Summary 3 FINANCIAL TRUST COMPANY INC Your Portfolio Holdings 4 C/0 AMERICAN YACHT HARBOR • 6100 RED HOOK SUITE 6-3 Transaction Detail 5 QUARTERS #2 Your Messages 7 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Important Message Confirmation: Unless we Cash a Equyalent 515.765 TOTAL VALUE OF SECURITIES THIS PERIOD 34.092,928 5.2.837.738 hear from you to the contrary. it is our NET CREDIT BALANCE 515,765 $34,366,428 : 8-273,500 understanding that any free Equities — $33,194,639 : 8-276,750 credit balances in your account are being NET EQUITY THIS PERIOD $34,608,693 maintained to facilitate Current market valve your intention to invest NET EQUITY LAST STATEMENT 30,080,151 tag Last statements market value such amounts through us. Short market value CHANGE SINCE LAST STATEMENT 4,528.543 There are no 'Stop Lose orders or other pending buy or sell open orders on file for your account. Roza copal any /Mara, a rontoma% of todts or stocks. calcalal as clottraoti to you. Sit na Bann, fa nfOrmaOnal prams only a kra Needed n tar downers b Gent Sonic.; al 500614.1428: a yet to ChM Se en a Bow. Steam &conies Iles statecnere should be maned for your records See tea ode for moon riconaton Ca,.. One Mno*ct Comer Hoek OrcoNos, NY 112014104 027 062003:12:00 001 Y808 EFTA00196696 CLEARED 1HROUGH RS vn10UY 0"E0 SUBSIDIARY Beer. Saea•ns SON, b81 Cap. Ceol.letioloch Cantot Noah Brocklln• New VC* 11201.3859 FINANCIAL TRUST COMPANY INC 2 ol STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0028.132:12:00 001 Y808 EFTA00196697 CLEARED THROUGH ITS vnlOUv CMO.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beef. Ssea•ns SOC.r.bel C.00. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Nee York 10179 0 -4 Mem:leen Cordet North Brock/on. Nev. Ye* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 3 ci STATEMENT PERK* May 31.2003 THROUGH June 27.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER CRAW DC PERIOD YEAR TO DATE THIS PERIOD LAST STATEMENT May 30.2003 Opening Balance Dividends 119,659.20 204,18331 $-2,837,738.38 Substitute Payment 37,544.00 194,74720 Funds Deposited 3,203,000.00 Credit Balance Int. 0.00 674.89 Dividends/Interest 119.659.20 Total $157,203.20 $399,605.80 Miscellaneous 37,544.00 Margin Int. Paid -6.699.61 -43.688.50 Amount Credited $3.360.203.20 Dividends/Interest Charged -6.699.61 Amount Debited $-6,699.61 Portfolio Composition SOW LONG Net Cash Activity 3,353,503.59 Cash/Cash Equivalent 515.765 Closing Balance $515.765.21 Equities 273.500 34.366.428 Sarno dot tararms or east bemoan accost bpos aro act includas in Me mow: sueh wanton. as won as domls la al tarot Itansztions 1Hs pwod. zoom In Transacoca Doul, Total $273,500 $34.882.193 Your Portfolio Allocation Cash Balance Summary OPENING CLCt31NO Cash 2,056,913.05 5.259,913.05 Margin -5.167,150.69 -5,021,647.10 Short 272,49926 277,499.26 Net Cash Balance $-2,837,738.38 $515,765.21 UnsPodefl potions deo* debt bebop' any toll menet vacs The eloalsm perform,' is Orrsed keen to absolute marked value of stv oak.), 027 OW803:12:00 001 YSOS EFTA00196698 CLEARED THROUGH ITS WIIOUv 0MhED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,r4M1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Mem:tech Center Noah Beccidon. New VC* 112014859 STEARNS FINANCIAL TRUST COMPANY INC 4 STATEMENT PERK* May 31.2003 THROUGH June 27.2003 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER AMBER Co File LAST STATEMENT May 30.2003 MARKET ESTIMATED CURPENT DESCRPRON SYMBOLCUSIP (MAMMY PRICE VALUE !ANS INCOME YIELD I%) CASH BALANCE 515.765 TOTAL CASH & CASH EQUIVALENTS $515,765 EQUITIES Equities & Options ACCT MANCE1 ESTIMATED CURRENT DESCRPTION SIMBOUCUSIP ME OUANTITY PRICE VALUE ANNUAL INCOME YIELD I%) FLEXTRONICS INTERNATIONAL FLEX MRGN 100.000 10.5600 1.056.000 LTD GALYANS TRADING INC GLYN MRGN 150.000 14.0700 2.110.500 HCIIINGER INTERNATIONAL INC HIA SHRT -25.000 10.9400 -273.500 -5.000 1.8282 CL A MBNA CORP KRB MRGN 1.000.000 20.7500 20.750.000 320.000 1.5422 TYCO INTERNATIONAL LTD TYC MRGN 100.000 19.2000 1.920.000 5.000 0.2604 VECTOR GROUP LTD VGR MRGN 393.008 17.6500 6.936.591 628.813 9.0652 SENTIGEN HOLDING CP RSTD CASH 333.334 4.7800 1.593.337 Total Equities& Options 334.092.928 3948.813 TOTAL EQUITIES $34,092,928 $948.813 YOUR TOTAL ESTIMATED ANNUAL INCOME $948,813 YOUR PAICEDPORTFOLIOHOLDINGS 334,608,693 027 002(031:12:00 001 V808 EFTA00196699 CLEARED THRWGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SON, bel GOO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue Ore Metselech Centec Noah Beccmon. New re* I I201.38S9 STEARNS New York, Non York 10179 FINANCIAL TRUST COMPANY INC 5 STATEMENT PER100 May 31.2003 THROUGH June 27.2003 Transaction Detail ACCOUNT NUMBER TAXPAYER WEBER Ofl File DEPOSITS AND WITHDRAWALS LAST STATEMENT May 30.2003 DATE TRANSACTON DESORPTION DEBIT AMOUNT CREDIT AMOUNT 06/27/03 FUNDS REC FNDS WIRED TO CITIBANK FROM 3.203.000.00 TOTAL $3.203.000.00 DIVIDENDS DATE DESORPTION STMEIClittEUP CUANTRY RATE lS1 DEBIT AMOUNT CREDIT AMOUNT 06/27/03 VECTOR GROUP LTD VGA 299,148 0.4000 119,659.20 REC 06123103 PAY 06/27/03 TOTAL $119.659.20 SUBSTITUTE PAYMENTS DATE DESORPTION STMEICIAUSIP CIUM4MY RATE <DI OEM! AMOUNT CREDIT AMOUNT 06/27/03 VECTOR GROUP LTD VGA 37.544.00 SUBST PAY ON 93860 SHS REC 06/23103 PAY 06/27/03 TOTAL $37.544.00 INTEREST DATE DESCRIPTION STAIDOUCLISIP OUANTITY RATE I'4) DEEM AMOUNT CAECa AMOUNT 0623/03 FROM 05121 TIMU 06/20 ®21/2% 2.5000 6,699.61 BAL 5170.401 AVBAL 3112.076 TOTAL $.6.699.61 027 DE2803:12:00 001 Y808 EFTA00196700 CLEARED IHRCOGH ITS meetly owe° SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Best SZeirns S0C,M*1 Gory. Bear. Stearns & Co. Inc. ß01R 383 Madison Avenue New YY New York 10179 Cc* Mevalech Cella Noah Sec:non. New Yak 11201.3959 STEARNS FINANCIAL TRUST COMPANY INC 6 STATEMENT PERK* May 31.2003 THROUGH June 27.2003 Transaction Detail (continued) Accourer NUMBER TAXPAYER WEBER OR File MISCELLANEOUS LAST STATEMENT May 30.2003 DATE MOAT TPANSACTOI DESCRIPTION DEBIT AMOUNT GBECIT AAKUNT 06102103 JOURNAL MARK TO MARKET 4,250.00 06/02103 JOURNAL MARK TO MARKET SHORT P06 4,250.00 06109/03 JOURNAL MARK TO MARKET 2,250.00 06/09/03 JOURNAL MARK TO MARKET SHORT POS 2,250.00 06/16/03 JOURNAL MARK TO MARKET 3,249.00 06/16/03 JOURNAL MARK TO MARKET SHORT POS 3.249.00 06/23/03 JOURNAL MARK TO MARKET 1,749.00 06/23/03 JOURNAL MARK TO MARKET SHORT POS 1.749.00 TOTAL $-11,498.00 $11.498.00 027 DOM033:12:00 001 YSOS EFTA00196701 CLEARED THROUGH ITS VAICkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet S1e9•n5 Seeneer Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Non York 10179 Ore Metselech Cella Noah 0eock11n. New Tuk 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 7 vi STATEMENT PERK* May 31.2003 THROUGH June 27.2003 ACCOUNT NUMBER TAXPAYER num3ER On File Your messages LAST STATEMENT May 30.2003 With interest rates at their lowest in 45 years, income oriented clients are reminded of the risks inherent in attempting to maintain or increase the average yield on a fixed income portfolio, Generally, securities carrying a higher yield come with some combination of added credit risk, extended maturities, reduced liquidity, or special call features. Rising interest rates can cause a decline in the market value of your portfolio, which will impact your principal if securities are sold prior to maturity. Please consult your Bear Stearns account executive if you would like to discuss your fixed income portfolio. As a leader in Fixed Income, Bear Steams can analyze any portfolio, held here or elsewhere and make recommendations such that your portfolio is aligned within your tolerance for risk. End of Statement 027 06,2S/03;12:03 001 Mei EFTA00196702 CLEARED THROUGH RS WitCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear. Steens Seeriore Core BEAR Bear. Stearns & Co. Inc. Cc* kletsolech Center North 383 Madison Avenue Berciorn. New Trot 11201.3659 STEARNS New York New York 10179 FINANCIAL TRUST COMPANY INC STATEMENT PERMO *11 26.2003 ACCOUNT EXECUTNE CHERMAN.IRA TELEPHONE THROUGH May 30.2003 VISIT OUR WEBSITE 61A1 near steams.com ACCCUNT Humeri What's In This Statement IIIIIIII111111111 II TAXPAYER NUMBER On File LAST STATEMENT April 25.2003 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 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio 8.2.837.738 Cash & & w awa _El TOTAL VAWE OF SECURITIES MS PERIOD 32,917,889 8.2.849.228 NET DEBIT BALANCE -2,837,738 $33,194,639 : 1-276,750 Equities . rn • trriiiii ""am frrren. $28,995,595 : 1-231.250 NET EQUITY THIS PERIOD $30,080,151 - Current market value NET EOUITY LAST STATEMENT 25,915,117 gig4 Last statements market value Short market value CHANGE SINCE LAST STATEMENT 4,165,034 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roza repro ono Mance a rooroorm of took. or stocks. macawa as cloltroaa to you. 1/ 06 wmury a br derltsacosl paws.; way t ls not Mended as a tar downed. lo Glom Sentra: of 800€311428: a unto to ChM Santos a Scut Room@ SauMos TN, staticroN should be retailed for your records See renews.* for yrocclatt rdormMon Ca,.. One Mangan Copier Hark 6roollyt N Y 1120138% 027 053103:15:20 001 EFTA00196703 CLEARED 1HROUGH RS wilekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, b81 00,8. Ceol.levelea Cantet Noah Broeklln• New Ye* 11201.3859 FINANCIAL TRUST COMPANY INC 2 ele STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0531,03:15:30 001 Y644 EFTA00196704 CLEARED 1HRWGH ITS ONnE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. Steens SOC,M.81 GNP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue Nev York, Nee York 10179 OtoLlevolech Cella North Becck//n. New To* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 3 c/ STATEMENT PERKO AgIl 26.2003 THROUGH May 30.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER NUMBER On File DC PERIOD YEAR TO DATE THIS PERIOD LAST STATEMENT *11 25.2003 Opening Balance Dividends 1,250.00 84,524.51 S-2,849,227.89 Substitute Payment 0.00 157203.20 Funds Deposited 16,929.13 Credit Balance Int. 0.00 674.89 Dividends/Interest 1,250.00 Total $1.250.00 $242,402.60 Amount Credited $18,179.13 Margin Int. Paid -6.689.62 -36.988.89 Dividends/Interest Charged -6.689.62 Amount Debited $-6.689.62 Net Cash Activity 11.489.51 Portfolio Composition SNORr LONG Closing Balance $.2 837 738.38 CashiCash Equivalent 2,837.738 Sarno Ow tanileR N carp beset. mewl Imes are not inctxbd in this sction. such IINYMi. •0 vosi z amain at anor transxwor4 Ins paned. Equities 276.750 33.194.639 44041 In Ratcan.:n Omar. Total $3,114.488 $33.194.639 Your Portfolio Allocation Cash Balance Summary Short Cash & Equivalent -- OPETEC GLOOM 7% Shod Equities Cash 2,039,983.92 2,056,913.05 c1% Margin -5,107,211.07 -5,167,150.69 Short 217,999.26 272,499.26 Net Cash Balance $-2.849,227.89 $-2.837.738.38 — Equities 92% UnWooecl ponoR cantle dent canoe emit. Owl male wive, The elocution perceffin, is &rued Icon Va etnol.te market value of yev patio" 027 053103:15:30 001 7644 EFTA00196705 CLEARED THROUGH ITS vniCkLY OMnE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC,r.bel CO,P. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Metselech Centec Noah BecciOon. Nev. Ye* 1201.3859 STEARNS FINANCIAL TRUST COMPANY INC 4 STATEMENT PERK* AiNII 26.2003 THROUGH May 30.2003 Your Portfolio Holdings ACCOUNT NUMBER TAXPAYER KAMER On File CASH & CASH EQUIVALENTS LAST STATEMENT RANI 25.2003 /MAXEY ESTIMATED CURPENT DESCRPTION SIMBOLCUSIP DUMMY FREE VALUE N‘BMAL INCONE YELD I%4 CASH BALANCE -a837.738 TOTAL CASH & CASH EQUIVALENTS $-a837.738 EQUITIES Equities & Options ADC! IMRXET ESTIMATED CURFOIT DESCRPTION S1MBOUCUSIP ME °OA/CITY PACE VALUE ANNUAL INCOME YELD IY4 FLEXTRONICS INTERNATIONAL FLEX MRGN 100.000 10.6000 1.060.000 LTD GALYANS TRADING INC GLYN MRGN 150.000 13.6900 2.053.500 HCIIINGER INTERNATIONAL INC Hill SHRT -25.000 11.0700 -276,750 -5,000 1.8067 CL A MBNA CORP KRB MRGN 1.000.000 20.0500 20.050.000 320.000 1.5960 TYCO INTERNATIONAL LTD TYC MRGN 100.000 17.7000 1.770.000 5.000 0.2825 VECTOR GROUP LTD VGR MRGN 393.008 17.0000 6.681.136 628.813 9.4118 SENTIGEN HOLDING CP RSTD CASH 333.334 4.7400 1.580.003 Total Equities& Options $32.917.889 $948,813 TOTAL EQUITIES $32.917.889 $948,813 YOUR TOTAL ESTIMATED ANNUAL INCOME 3848,813 YOUR PRICEDPORTFOLIOHOLDINGS $30,080,151 027 06,21.133:15:30 001 Y644 EFTA00196706 CLEARED THRWGH ITS ONnE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szea•ns SON, bel GO,D Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Dec MetsoNch Ow:Ng Noah Beccioon. New VC* 112013959 STEARNS FINANCIAL TRUST COMPANY INC 5 c/ STATEMENT PERK* *11 26.2003 THROUGH May 30.2003 Transaction Detail Acccuyi NUMBER TAXPAYER NURSER On File DEPOSITS AND WITHDRAWALS LAST sTATEmENT *11 25.2003 DATE TRANSACDON DESORPTION DEBIT AlAWYT CREDIT AMOUNT 05/09/03 FUNDS REC ENDSWIRED TOCITIBANK FROM 16.929.13 CO TOTAL $16.929.13 DIVIDENDS DATE DESORPTION SYMBOUCUSIP DUMMY RATE MI DEBIT AMOUNT OREM AMOUNT 05/01/03 TYCO INTERNATIONAL LTD TYC 100,000 0.0125 1,250.00 REC 04:01,03 PAY 05,01:03 TOTAL $1,250.00 INTEREST DA'E DESCRIPTION SYMEICUCUSIP OVAARITf RATE DEBIT AMOUNT CREDIT AMOUNT 05/21/03 FROM 04121 THRU 05:20 ®2112% 2.5000 6,689.62 BAL 5154,711 AVBAL 3211.017 TOTAL 8.6.689.62 MISCELLANEOUS DATE MODAY TRAAISACTCN DESCRIPTION DES I 41.1CWIT CTECIT APACMii 04/28/03 JOURNAL MARK TO MARKET 13,250.00 04/280'03 JOURNAL MARK TO MARKET SHORT POS 13.250.00 05/05/03 JOURNAL MARK TO MARKET 2.749.00 027 053'03:15:30 001 EFTA00196707 CLEARED THRCOGH in ?NEWLY CI"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Best. DeNRE SOC.M.TH C0%. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Cc* OACCOICCh Cantu Noah Cocoon. Ne. rem 11201.3859 STMRNS FINANCIAL TRUST COMPANY INC 6 STATEMENT PEROO *11 26. 2003 THROUGH May 30.2003 Transaction Detail (continued) ACCCUsrt NUMBER TAXPAYER WOOER On Flk MISCELLANEOUS (continued) LAST STATEMENT April 25.2003 DATE 1.13.0.0 TRANSACTION DESCRIPTW DENT AMOUNT CREW ATOWNT 05/05/03 JOURNAL MARK TO MARKET SHORT POS 2,749.00 05/12/03 JOURNAL MARK TO MARKET 18,249.00 05/12/03 JOURNAL MARK TO MARKET SHORT POS 18.249.00 05/19/03 JOURNAL MARK TO MARKET 20,000.00 05/19/03 JOURNAL MARK TO MARKET SHORT POS 20,000.00 6P27/65-11:5751XL M s,75b. 05/27/03 JOURNAL MARK TO MARKET SHORT POS 5,750.00 TOTAL 559,998.00 $59,998.00 End of Statement 027 D531,01:16:30 001 vest EFTA00196708 CLEARED 'MAGOON ITS WHOLLY 01WED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BON. Means SO•uilin CO% Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York, Nen York 10179 Ono liatotech Center NOM Broddgn. New Yak 1120/3859 STEARNS FINANCIAL TRUST COMPANY INC STATEMENT PERIOD March 29.2003 ACCOUNT EXECUTIVE ZICHERtv1AN.IRA TELEPHONE THROUGH April 25.2003 VISIT OUR WEBSITE ITIA1 uea'stearrs.com ACCCUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER evenER OC Fee LAST STATEMENT March 28.2003 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 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURITIES THIS PERIOD 28.764.345 Cash Equvalent HnSi2.849.228 Sal 959.323 NET DEBIT BALANCE -2.849.228 Equities 528.995.595 : $-231.250 $26.882.213 : $-205.250 NET EQUITY THIS PERIOD $25.915.117 Current market vabe NET EQUITY LAST STATEMENT 20.721.640 INE Last statements market value CHANGE SINCE LAST STATEMENT 5.193.477 Short market value There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Noma noon oaf dream* a noncomia of nd'S or mocks, odicolal as Clatiefed to 'Co. neposes on dawn lo 010.11 S0NO,: a 800614.1428: a yet lo ChM Santos a Boa. Stearn &conies Ca,.. One LloYoloth Carla Norm. BrooN)n, NY I I201.3.59 Sr Tin statemeri shoddorrenerneel TOT8TarT a for be Maned for e kra flooded at yoor records Set mem one he rowan nkonatce 027 042643:12:12 001 V643 EFTA00196709 CLEARED 1HROUGH RS wilekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, b81 00,8. Ceol.levelea Cantet Noah Broeklln• New Ye* 11201.3859 FINANCIAL TRUST COMPANY INC 2 ele STATEMENT BACKER IS PRINTED ON THIS PAGE 027 042603:12:12 001 EFTA00196710 CLEARED 1HRWGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. Steams S0C,mbel GNP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Nee York 10179 Ore Metsolech Cella Noah Beccidon. New Volt 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 3 a/ r; STATEMENT PERKO Mirth 29.2003 THROUGH *11 25.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER On File DC PERIOD YEAR TO DATE THIS PERIOD LAST STATEMENT March 28.2003 Opening Balance $-4.955,323.15 Dividends 80,000.00 83,274.51 Substitute Payment 0.00 157,203.20 Funds Deposited 2,038,426.37 Credit Balance Int. 0.00 674.89 Dividends/Interest 80,000.00 Total $80,000.00 $241,152.60 Amount Credited $2.118.426.37 Margin Int. Paid -11.081.11 -30,299.27 Dividends/Interest Charged -12.331.11 Amount Debited $-12.331.11 Net Cash Activity 2,106,095.26 Portfolio Composition SNCRT WHO Closing Balance 8-2 849 227.89 CashiCash Equivalent 2,849.228 Same din vanity, oe calf, betas., =act Ipes see not inducted in ue s t n such IfitlYO(S. as vosi &dais lot all mot transachms Hs pmod. Equities 231.250 28.995.595 .1(404. la Tratcona," Dol4r Total $3.080.478 $28,995,595 Your Portfolio Allocation Cash Balance Summary OPENING CLOSING Short Cash & Equivalent 8% Cash 2,039,98392 Short Equities 1,557.55 <I% Margin -5,173,129.96 -5,107,211.07 Short 216,249.26 217,999.26 Net Cash Balance $-4.955.323.15 $-2.849,227.89 — Equities 91% Uno`o0e0 ;Mon: 0en,* eeoc Dionce *nee Oat, ma4e vawa The olotrahr patens,' ta clewed loam to otool.te market rat), 01 yes patioa, 027 01,26,03:12:12 001 YE43 EFTA00196711 CLEARED THROUGH ITS vniCkLY OHnEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns CND Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 CeoLlevolech Car:tog Noah Beccioon. New Ye* 11201.3559 STEARNS FINANCIAL TRUST COMPANY INC 4 STATEMENT PERK* March 29.2003 THROUGH April 25.2003 Your Portfolio Holdings ACCCUNT NUMBER TAXPAYER MASER On File CASH & CASH EQUIVALENTS LAST STATEMENT MUCH 28.2003 MONET ESTIMAIED CURPENT DESCRPTION SYMBOLCUSIP OUANTITY FREE VALUE ANNUAL INCOME VELD I%4 CASH BALANCE -2.849.228 TOTAL CASH & CASH EQUIVALENTS 5-2.849.228 EQUITIES Equities & Options ADC! IMFOCE1 ammo CURFENT DESCRPTION SYMBOUCUSIP ME OUANTITY PACE VALUE ANNUAL INCOME YEW IlL1 FLEXTRONICS INTERNATIONAL FLEX MRGN 100.000 8.3500 835.000 LTD GALYANS TRADING INC GLYN MRGN 150.000 14.2000 2.130.000 HCIIINGER INTERNATIONAL INC Hill SHRT -25.000 9.2500 -231,250 -5,000 2.1622 CL A MBNA CORP KRB MRGN 1.000.000 18.5500 18.550.000 320.000 1.7251 TYCO INTERNATIONAL LTD TYC MRGN 100.000 14.6100 1.461.000 5.000 0.3422 VECTOR GROUP LTD VGR MRGN 393.008 11.5000 4.519.592 628.813 13.9130 SENTIGEN HOLDING CP RSTD CASH 333.334 4.5000 1.500.003 Total Equities& Options $28.764.345 $948,813 TOTAL EQUITIES $28.764,345 $948,813 YOUR TOTAL ESTIMATED ANNUAL INCOME $948,813 YOUR PRICEDPORTFOLIOHOLDINGS $25,915,117 027 04/248312:12 001 MS43 EFTA00196712 CLEARED IHRWOH ITS 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeirns SON, bel C0,0 Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Cc* MetsoNch Cantet Noah Beano. New Ye* 112013959 STEARNS FINANCIAL TRUST COMPANY INC 5 vi STATEMENT PERK* March 29.2003 THROUGH *11 25.2003 Transaction Detail AcccuNT NUMBER TAXPAYER PURSER On File DEPOSITS AND WITHDRAWALS LAST sTATEmENT Match 28.2003 DATE TRANSACTON DESCRPRON DEBIT AMOUNT CREDIT AMOUNT 04/23/03 FUNDS REC ENDSWIRED TOCITIBANK FROM 2,038,426.37 CO TOTAL 82.038.426.37 DIVIDENDS DATE DESORPTION STMEICUOUSIP OINJTITV RATE 1ST DEBIT AMOUNT EREDI1 AMOUNT 04/01/03 MBNA CORP MB 1.000.000 0.0800 80,000.00 REC 03/15103 PAY 04/01103 04/02/03 HOWNGER INTERNATIONAL INC HLR 1.250.00 CL A DIV CHG 25000 SHS SHORT REC 0410143 PAY 04/15/03 TOTAL $T 250.00 $80.000.00 INTEREST DATE DESORPTION SYMEICIAUSIP DUMMY RATE I%1 DEW AMOUNT CREDIT AMOUNT 04/21/03 FROM 03121 THRU 04/20 ®2 1/2% 2.5000 11.081.11 BAL 5086.879 AVSAL 5147.352 TOTAL $-11,081.11 MISCELLANEOUS DATE wow TrussAacti DESCALPT DEBIT AMOUNT CREPT IMMO 03/31/03 JOURNAL MARK TO MARKET 10,999.00 027 0421.01:12:12 001 YB43 EFTA00196713 CLEARED 1HRCOGH ITS yosCALY CAMEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Best. Szeirns SOC,M*1 Cap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Cy* OACCOICCh Cantu Noah Becckron. New Tex 11201.0859 STMRNS FINANCIAL TRUST COMPANY INC 6 STATEMENT PERK* March 29.2003 THROUGH Apnl 25.2003 Transaction Detail (continued) ACCCANT NUMBER TAXPAYER WILMER On File MISCELLANEOUS (continued) LAST STATEMENT Match 28.2003 DATE 110MAT TRAMSACTEN DESCRIPTCN DENTAMOUNT CREW MACAINT 03/31/03 JOURNAL MARK TO MARKET SHORT POS 10,999.00 04/07/03 JOURNAL MARK TO MARKET 1.999.00 04/07/03 JOURNAL MARK TO MARKET SHORT POS 1.999.00 04114/03 JOURNAL MARK TO MARKET 2,750.00 04114/03 JOURNAL MARK TO MARKET SHORT POS 2.750.00 847ATE-11KRAIKI FAAA11 YeriliAltill b. .00 04/21/03 JOURNAL MARK TO MARKET SHORT POS 9,250.00 TOTAL $-24,998.00 $24.998.00 ended Statement 027 042641:12:12 001 EFTA00196714 CLEARED IH0000H WHOU.Y 01WED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BOW. SOMAS SOMAS* Corp. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ono liettotech Confer Noah Brock/in. Neat Yuk 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC ZIC,REHMAN.IRA STATEMENT PER100 March 1.2003 ACCOUNT EXECUTIVE TELEPICCE THROUGH March 28.2003 VISIT OUR WEBSITE eiww.uea'stearrs.com ACCOUNT NUMBER What's In This Statement lllllllllllll 1111 II TAXPAYER NUIIIIER On Fee LAST STATEMENT February 28.2003 Financial Summary 3 FINANCIAL TRUST COMPANY INC 4 CIO AMERICAN YACHT HARBOR • Your Portfolio Holdings 6100 RED HOOK SUITE 8-3 Transaction Detail 5 QUARTERS #2 Your Messages 6 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio $.4 955 323 TOTAL VALUE OF SECURITIES THIS PERIOD 25.676.963 Cash 8 Equivalent I $.5 102 196 NET DEBIT BALANCE -4.955.323 $25.882.213 : $-205.250 $25.082.311 : $-213.000 NET EQUITY THIS PERIOD $20.721.640 MIN Current market value NET EQUITY LAST STATEMENT 19.767.115 MI Last statement's market value CHANGE SINCE LAST STATEMENT 954.525 Short market value There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. PNaso mpon afar ORmacco a nx.rooNg of duds or stocks. meacatod as &aroma to 'nu. nisawaverVuser elicomeoell imposes PNy a k rc4 'boded as a Mt Oxymora lo Dom Sonion at 800134-1428: a onto to Clam SONIC.). a Boas. Steam &comes The Matemerl ORA be reamed for your records Sn reverse ode for magnet reamer= Coup.. Co. 1.1flolmt, Carlo. North. BrooNyn NY. II201-3050 027 0129,03:11:19 001 Y642 EFTA00196715 CLEARED 1HROUGH NS wilekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, bel Cap. Ore Metscitech Cantet Noah acedCon. New Ye* 112012869 FINANCIAL TRUST COMPANY INC 2 el STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0129.03:11:19 001 V642 EFTA00196716 CLEARED IHRWOH ITS ?RIMY OmME0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns S0C,nhel Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Nee York 10179 Cc* Mem:leen Cella HORN etCCk/O1. New Tuft 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 3 al STATEMENT PERK* March 1.2003 THROUGH March 28.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER AV493ER OR File THIS PERIOD 1 a6 PERIOD YEAR TO DATE LAST STATEMENT February 28.2003 Opening Balance Dividends 0.00 3,274.51 $-5.102,196.09 Substitute Payment 157,203.20 157.20320 Miscellaneous 157,203.20 Credit Balance Int. 0.00 674.89 Amount Credited $157,203.20 Total $157,203.20 $161.152.60 Dividends/Interest Charged -10.330.26 Margin Int. Paid -10,330.26 -19,218.16 Amount Debited $-10.330.26 Net Cash Activity 146.872.94 Portfolio Composition Closing Balance 6-4 955 323.15 SlitmT LONG Sam* Oaf ?NOM a cash bemoan acacia Rpm No nee includaa fn th8 sectIon: such inInflOIt as wall m Jowls In al ant transaotasns pawl CashrCash Equivalent 4,955.323 aRmae in Tnrcachan Equities 205.250 25,882213 Total $5.160.573 $25,882.213 Your Portfolio Allocation Cash Balance Summary OPENNG CLCSPIG Cash 1,557.55 1,557.55 Short Cash & Equivalent — Margin -5,320,253.90 -5,173,129.96 15% Short 216,500.26 216,249.26 Short Equities- c1% Net Cash Balance $-5.102.196.09 $-4.955.323.15 Equities 84% UMPOCIed canons aeon. Oat Oe4, a anav Or, male Vlitott, T o elorahr ;evens", ts Owed Irym lv ebsol.te market rat), el >ev palloo 027 012903:11:19 001 V642 EFTA00196717 CLEARED THROUGH ITS OMT,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, bel GNP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Metsolech Contec Noah Beccidon. New Tuk 112012859 STEARNS FINANCIAL TRUST COMPANY INC 4 STATEMENT PERIOD March 1.2003 THROUGH March 28.2003 Your Portfolio Holdings ACCOUNT NUMBER TAXPAYER MADDER On File CASH & CASH EQUIVALENTS LAST STATEMENT February 28.2003 MARRS ESTIMATED GURPENT DESCRPliON SIMBOLCUSIP DUMMY PRICE VALUE !ANS INCOME YIELD 1,4/ CASH BALANCE -4.955.323 TOTAL CASH & CASH EQUIVALENTS $-4.955,323 EQUITIES Equities & Options ACC! IMFOCE1 ESTIMATED CURRENT DESORPTION SIMBOUGUSIP ME OUANTITY PRCE VALUE ANNUAL INCOIAE YELD FLEXTRONICS INTERNATIONAL FLEX MRGN 100.000 9.1500 915.000 LTD GALYANS TRADING INC GLYN MRGN 150.000 12.9000 1.935.000 HCIIINGER INTERNATIONAL INC Hill SHRT -25.000 8.2100 -205,250 -5400 2.4361 CL A MBNA CORP KRB MRGN 1.000.000 15A800 15.480.000 320.000 2.0672 TYCO INTERNATIONAL LTD TYC MRGN 100.000 13.0700 1.307.000 5.000 0.3826 VECTOR GROUP LTD VGR MRGN 393.008 11.6500 4.578.543 628.813 13.7339 SENTIGEN HOLDING CP RSID CASH 333.334 5.0000 1.666.670 Total Equities& Options $25,676.963 $948,813 TOTAL EQUITIES $25,676.963 $948.813 YOUR TOTAL ESTIMATED ANNUAL INCOME $948.813 YOUR PRICEDPORTFOLIOHOLDINGS $20.721.640 027 012003:II:IR 001 Y642 EFTA00196718 CLEARED THRWGH ITS ?mem.? 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,nbel GRP. Bear. Stearns 8 CO. Inc. BEAR 383 Madison Avenue New YY New York 10179 Dec Mem:tech Centec Noah Beccidon. New VC* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 5 March 1.2003 STATEMENT PERK* THROUGH March 28.2003 Transaction Detail ACCCUNT humeri TAXPAYER MINDER On File SUBSTITUTE PAYMENTS LAST STATEMENT Februwy 28.2003 DATE DESCRPTION STMEICIUGUSIP GUMMY RATE IQ DEBIT AMOUNT GREW AMOUNT 03/28/03 VECTOR GROUP LTD VGR 157,203.20 SUBST PAY ON REC 03/21/03 ripaStI3S TOTAL $157,203.20 INTEREST DATE DESCRIPTION STMEOUCUSIP °WHITT RATE IV OEMT AMOUNT CREDIT AMOUNT 03/21/03 FROM 02/21 TIMU 03/20 021/2% 2.5000 10330.26 BAL 5297.503 AVBAL 5312.705 TOTAL $-10,330.26 MISCELLANEOUS DATE MOAT TRANSACTOR DESCRIPTOR DEBIT AMOUNT CREDIT AMOUNT 03/03/03 JOURNAL MARK TO MARKET 3.500.00 03/03/03 JOURNAL MARK TO MARKET SHORT P06 3,500.00 oiriatei J6UMAL AWY6tvlittiRti 6.750.00 03/10/03 JOURNAL MARK TO MARKET SHORT P06 6,750.00 03/17/03 JOURNAL MARK TO MARKET 12.500.00 03/17/03 JOURNAL MARK TO MARKET SHORT P06 12,500.00 03/24/03 JOURNAL MARK TO MARKET 22,499.00 03/24/03 JOURNAL MARK TO MARKET SHORT POS 22.499.00 TOTAL $45,249.00 $45,249.00 027 032003:11:19 001 VS42 EFTA00196719 CLEARED THROUGH ITS wilekLY (AM.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, b81 Gap. Bear. Stearns 8 CO. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Mem:tech CarrIN Noah Beccidon. New VC* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 6 STATEMENT PERIOD March 1.2003 THROUGH March 28.2003 ACCOUNT humeri TAXPAYER WESER OR File Your messages LAST STATEMENT Februant 28.2003 Bear, Stearns Securities Corp. Net Capital and Net Capital Pursuant to SEC Rule 11Ac1.6, please note the following: Requirements: Bear Steams & Co. Inc. will post its quarterly routing statistics at the At November 30, 2002 and January 31, 2003, the Company's net following web link: http://wvnv.bearsteams.comf, capital of approximately $2.4 billion and $2.4 billion was approximately 7% and 7% of aggregate debit items and exceeded Customers of Bear, Steams & Co. Inc. may request information on any the minimum regulatory net capital requirement of approximately order executed within the prior six months from the time of the request, $716.3 million and $684.1 million by approximately $1.7 billion and Specifically, you may request the identity of the venue to which the $1.7 billion, all respectively. 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 A complete copy of the Bear, Stearns Securities Corp. Statement resulted from such orders. of Financial Condition is available on the web site ww.v bearstearns.com Alternatively, to request a free printed copy please call • toll free - 1.866.299.9331. End of Statement 027 012903:11:19 001 V642 EFTA00196720 CtEAREO IHRCOGH 11S WHOU.Y 01VMED SUESIDIAAv OFFICE SERVICING YOUR ACCOUNT 808..5198n6 SONPIORS Ø. Beer. Stearns 8 Co. Inc. BffiR 383 Madison Avenue New York. Nen York 10179 Ono Movotech Center Nonli 8Ø5n. New Tuk 1120/3859 STMRNS FINANCIAL TRUST COMPANY INC STATEMENT PER100 FeE813NY 1.2003 ACCOUNT EXECUTIVE II:HERMAN.IRA TELEPI-OhE THROUGH Fetruary 28.2003 VISIT OUR WEBSITE n.inv.uearsteams.com ACCOUNT HUMES What's In This Statement 11111111111111111 Il TAXPATER SSER OP Ede LAST STATEMENT January 31.2003 Financial Summary 3 FINANCIAL TRUST COMPANY INC CIO AMERICAN YACHT HARBOR Your Portfolio Holdings 4 6100 RED HOOK SUITE 8-3 Transaction Detail 5 OUARTERS #2 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash 8 Eqavalent 6-5.102.196 TOTAL VALUE OF WCURITIES THIS PEROD 24.869.311 $-5 094 865 NET DEBIT BALANCE -5.102,196 fusies $25.082.311 : $-213.000 $27.665.070 : 9-243.000 NET EGUITY TIPS PERIOO $19.767.115 MI Cunent market value NET EOUITY LAST STATEMENT 22.327.205 MI Last statements manket value CHANGE SINCE LAST STATEMENT -2.560.090 Short market value There are no 'Stop Loss' orders or other pending buy or seil open orders on file for your account. name nood aal cliNconoo or (8040008 ol toen or maks. oases as dolhoral lo ou. tas a kt OlkOl~ sposes PNy It Is ree dended as a lal 0oastowt lo Glooi Smimo ol 800fa4.1428: «vwao lo Cloni Sonlcos al Boot Stoom accumos 188 staternerl aaie be retaned ror voor records Ss revers Se ta vrocdort ~mats Co,. Cao MolioNdi Conla Nonh.13n900n. NY 112014859. 027 030I.13313:32 001 vert 1 EFTA00196721 CLEARED 1HROUGH RS wilekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, b81 Cap. Ceol.levalech Cantet Noah Brocklln• New VC* 11201.3859 FINANCIAL TRUST COMPANY INC 2 oi s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0101,03:13:32 001 VS41 EFTA00196722 CLEARED 1HRWGH nG vnlOUY CMh.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Screams SOC.r.t.81 GNP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 0 -414cm:tech Conte Noah en:Ck/01. New it* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 3 is STATEMENT PERK* February 1.2003 THROUGH February 28.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER AMBER On Ale MIS PERIOD YEAR TO DATE THIS PERIOD LAST STATEMENT January 31.2003 Opening Balance 5-5.094.864.84 Dividends 1.250.00 3,274.51 Credit Balance Int. 306.65 674.89 Dividends/Interest 1,556.65 Total $1,556.65 $3.949.40 Amount Credited $1556.65 Margin Int. Paid -8.887.90 -8.887.90 Dividends/Interest Charged 4L887.90 Amount Debited 5-8 887.90 Net Cash Activity -7.331.25 Portfolio Composition SHOAT LONG Closing Balance $-5 102 196.09 Cash/Cash Equivalent 5,102.196 Sam* Oaf ?NOM a cash bemoan acacia Rpm M* Ace inclulas In ma mellow such tnIMANt as wan m Mails let al cow transaettec ns pawl Equities 213.000 25.082,311 mime in Trarwaction Dotal. Total $5.315.196 525,082,311 Your Portfolio Allocation Cash Balance Summary OPENNG CLCSPIG Cash 0.90 1,557.55 Short Cash 8 Equivalent Margin -5.337,366.00 -5,320,253.90 18% Short 242.500.26 216,500.26 Short Equities- .c1% Net Cash Balance 5.5.094.864.84 $-5.102.196.09 — Equities 83% Untotled croons none* nabs biro, *nee Ott male vela, ha Macaw. ;event'', to P*•ued hem Va ebsol.te market rat), al >es patio" 027 03.01,03:13:32 001 v661 EFTA00196723 CLEARED THROUGH ITS VIIleklY CAMEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT NAM Szeavu SI/DANN CND. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 CcoMetniech Cantu Noah Betatron. New Tux 11201.3559 STEARNS FINANCIAL TRUST COMPANY INC 4 STATEMENT PER100 February 1.2003 THROUGH Pearlier)/ 28.2003 Your Portfolio Holdings ACCOUNT NUMBER TAXPAYER MAMER On Edo CASH & CASH EQUIVALENTS LAST STATEMENT January 31.2003 ?MPXET ESTIMAIED CURPENT DESCRIPTION SYMBOLCUSIP OUMMTT PACE vs.UE ANNUAL INCOME YIELD IN/ CASH BALANCE -S102.196 TOTAL CASH & CASH EQUIVALENTS $5.102.196 EQUITIES Equities & Options ACCT MAREET smarm CIAIREVF DESCRIPTION SIMBOUCUSIP ME OUANTITY PACE VALUE ANNUAL INCO1AE YELP 119 FLEXTRONICS INTERNATIONAL FLEX MRGN 100.000 8.6800 868.000 LTD GALYANS TRADING INC GLYN MRGN 150.000 10.5300 1.579.500 HaLINGER INTERNATIONAL INC Hill SHRT -25.000 8.5200 -213.000 -5000 2.3474 CL A MBNA CORP KRB MRGN 1.000.000 13.8500 13.850.000 320.000 2.3105 TYCO INTERNATIONAL LTD TYC MRGN 100.000 14.8000 1.480.000 5.000 0.3378 VECTOR GROUP LTD VGR MRGN 393.008 13.7100 5.388.140 628.813 11.6703 SENTIGEN HOLDING CP RSTD CASH 333.334 5.7500 1.916,671 Total Equities& Options $24,869,311 $948,813 TOTAL EQUITIES $24,869,311 $948,813 YOUR TOTAL ESTIMATED ANNUAL INCOME $948,813 YOUR PRICEDPORTFOLIOHOLDINGS $19,767,115 027 0.101,03:13:32 001 VEA1 EFTA00196724 CLEARED THRCOGH ITS mewl OHt•E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Best. SZeirRA SOA,M*1 Cory. Bear. Stearns 8 Co. Inc. BffiR 383 Madison Avenue New York New York 10179 Cc* OACCOICCh Conte< Noah Beano. New Tex 112014859 STMRNS FINANCIAL TRUST COMPANY INC 5 C/ STATEMENT PERKO REDRAWS 1.2003 THROUGH Reisman/ 28.2003 Transaction Detail ACCCUsIT NUMBER TAXPAYER WEBER On file DIVIDENDS LAST STATEMENT January 31.2003 DrE DESCRIPTION SY/MCI-CUSP CUANTilY RATE (SI DEBIT AMOUNT CREPT AMOUNT 0203/03 TYCO INTERNATIONAL LTD TYC 100.000 0.0125 1,250.00 REC 01,02,03 PAY 02,0303 TOTAL $1,250.00 INTEREST DATE DESCRIPTION SYMBOcCuSJP OUNYTITY RATE IM DEBIT AMOUNT CREDIT AMOUNT 02121/03 INTEREST ON CREDIT BALANCE 0.7500 306.65 AT 0 314% 01,21 THRU 02.20 02/21/03 FROM 01/21 THRU 0820 ®2112% 2.5000 8,887.90 BAL 5317.866 AVBAL 4128.572 TOTAL $.8.887.90 $306.65 MISCELLANEOUS DATE MO'DAY TRANSACT'S« DESCRIPTION DEED AMOUNT CREPT AMOUNT 02/10/03 JOURNAL MARK TO MARKET 3,750.00 ókniwilá AbIAL FAAAiCYOY,iaNKE FitSlkY á.75b. bintlióá J6iJMAL AN< Y6\44047 15.750. 02/18/03 JOURNAL MARK TO MARKET SHORT POS 15,750.00 02/24103 JOURNAL MARK TO MARKET 6.500.00 02/24;03 JOURNAL MARK TO MARKET SHORT POS 6.500.00 TOTAL $26,000.00 $26,000.00 027 03(1)143:13:32 001 V841 EFTA00196725 CLEARED THROUGH ITS vnictiv OHT.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 1308r. 5rerros 500,1141 Co(P. Bear. Stearns 8. Co. Inc. BffiR 383 Madison Avenue New York. NOS York 10179 Cr41.1etroiech Comer Noah Becciorn. Hew Tex 11201.3859 STffiRNS FINANCIAL TRUST COMPANY INC STATEMENT PERM January 1.2003 ACCOUNT EXECUTIVE 1:;:fiERMAN.IRA TELEPHONE THROUGH January 31.2003 VISIT OUR WEBSITE A'/A1 uearstearrts.com ACCOUNT NUMBER What's In This Statement III' Illti 11I I II TAXPAYER KAISER On Pile LAST STATEMENT December 31.2002 Financial Summary 3 FINANCIAL TRUST COMPANY INC C/O AMERICAN YACHT HARBOR Your Portfolio Holdings 4 6100 RED HOOK SUITE B-3 Transaction Detail 5 QUARTERS #2 Fund Activity 6 ST THOMAS VI 00802 Your Messages 8 Your Portfolio at a Glance Market Value of Your Portfolio Cash Eqievalent $.5 094 865 TOTAL VALUE OF SECURMES THIS PEROD 27,422,070 $3.208.413 NET DEBIT BALANCE -5,094,865 $27.665.070 : 5-243.000 Equities $10.010.423 : 5-254.000 NET EQUITY THIS PERIOD $22,327,205 Current market value NET EQUITY LAST STATEMENT 12,964,836 IN Last statements market value Short market value CHANGE SINCE LAST STATEMENT 9,362,369 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roza capon ant aileron» a nonroung of Ghidit or ROCkS. didIC010:1 z doltorma lo >cu. to Gloom Sauce. au 800804.1428: a yeto lo Mom SONKOS Y Boot Smarr@ &comes Caw.. One MOON', Cook, Noah. Brodbn, NY 11201.3859 ar Ten ~nary 41a nicaratitql pope.« call'. It Is not IONS au a lam clOarnfor Tin ITHOTner11TANAX 89~d TOT ~records See revere, esie tor mecnars rIcanompn 027 02.0101:15:36 001 EFTA00196726 CLEARED 1NROUON NS wilekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, b81 Cap. Ceol.levalech Cantet Noah Brocklln• New VC* 11201.3859 FINANCIAL TRUST COMPANY INC 2 ale STATEMENT BACKER IS PRINTED ON THIS PAGE 027 D201(01:16:16 001 V840 EFTA00196727 CLEARED IHRWOH ITS niCkLY O"EO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beef. Stearns S0Nntnn Co.P. Bear. Stearns Si Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Mem:leen Cella HMO etCd001. New Tent 112013969 STEARNS FINANCIAL TRUST COMPANY INC 3 STATEMENT PEROO January 1.2003 THROUGH January 31.2003 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER NLIUSER On File THIS PERICO C0ENNO LAST STATEMENT December 31.2002 Opening Balance $877,180.97 Cash 448.954.71 0.90 Money Fund 2,339,825.50 Margin 166,977.00 -5.337.366.00 Funds Deposited 8,000,000.00 Short 261.249.26 242,500.26 Dividends/Interest 368.24 Net Cash Balance $877,180.97 $-5,094.864.84 Amount Credited $10,340,193.74 Securities Bought -16,307,705.00 Money Fund -3.284.55 Income Summary RC PERIM YEAR TO DATE Dividends Interest Charged -1.250.00 Dividends 2.024.51 2,024.51 Amount Debited $-16,312,239.55 Credit Balance Int. 368.24 368.24 Net Cash Activity -5,972.045.81 Total $2,392.75 $2,392.75 ClosingBalance Your Portfolio 5-5 094 884.84 Allocation Same dzry tensions cd cash balsam mewl Imes ate not inckeleel in 0ns tottlen. MCP, Irantiers, as wen as Petals len a on. Invissaces As penod. Mean on Transact*, Petal. Portfolio Composition SKIM LONG Steel Cash 4 Equivalent— CashiCash Equivalent 5,094.865 15% Short Equities-, Equities 243.000 27.665,070 <71s Total $5.337.865 $27,665,070 Equities 84% Untinsoed parsons nano* cat Dianne *nett shol male wives The eloonm cements,' is dewed hem Vp absoLte market into, of >ev porkno 021 0201,03:16:36 001 VE40 EFTA00196728 CLEARED THROUGH ITS wilemv OMV.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szea•ns SOV.M*1 GOO. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Metspiech Center Noah &Wort New Yuk 112014859 STEARNS FINANCIAL TRUST COMPANY INC STATEMENT PERIOD January 1.2003 THROUGH January 31.2033 Your Portfolio Holdings ACCOUNT NUMBER TAXPAYER KAMER On Fin CASH & CASH EQUIVALENTS LAST STATEMENT December 31.2002 MARKET ESTIMATED CURRENT DESCRIPTION SIMBOLCUSIP INANT1TY PRICE VALUE !ANS INCOME YIELD IN/ CASH BALANCE -5.094.865 TOTAL CASH & CASH EQUIVALENTS $-5.094,865 EQUITIES Equities & Options ACCT MARKET ESTIMATED CURRENT DESCRIPTION SIMBOUCUSIP PPE OUANTITY PACE VALUE ANNUAL INCO1AE YELD IM FLEXTRONICS INTERNATIONAL FLEX MRGN 100.000 8.0600 806.000 LTD GALYANS TRADING INC GLYN MRGN 150.000 10.1400 1,521.000 HaLINGER INTERNATIONAL INC Hill SHRT -25.000 9.7200 -243.000 -5,000 2.0576 CL A MBNA CORP KRB MRGN 1.000.000 16.8300 16.830.000 320.000 1.9014 TYCO INTERNATIONAL LTD TYC MRGN 100.000 16.0100 1.601.000 5.000 0.3123 VECTOR GROUP LTD VGR MRGN 393.008 12.9100 5.073.733 628.813 12.3935 SENTIGEN HOLDING CP RSTD CASH 333.334 5.5000 1.833.337 Total Equities& Options $27,422.070 $948,813 TOTAL EQUITIES $27,422,070 $948,813 YOUR TOTAL ESTIMATED ANNUAL INCOME $948,813 YOUR PRICEDPORTFOLIOHOLDINGS $22,327,205 027 020103:16:38 001 VGAO EFTA00196729 CLEARED THROUGH nS ?mow, OHNE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeirns SON, bel COM Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Cu* MeetLIcch Cella Nona Beccioon. New Year 112014859 STEARNS FINANCIAL TRUST COMPANY INC 5 STATEMENT PER100 January 1.2003 THROUGH January 31.2003 Transaction Detail ACCOUNT NUMBER TAXPAYER WINER On FiIB INVESTMENT ACTIVITY LAST STATEMENT December 31,2002 SETTLEMENT TRADE DATE PATE TRANSACTION OESCRINIEN SYTAISOLICOSP OJ.WTITY PRICE DENT AMOUNT CROW AMOUNT 01/27/03 JOURNAL ELECTRONICS INTERNATIONAL FLEX -100.000 LTD JOURNAL FROM TYPE I TO 2 NNXL GALVA3glITAbirinf -150. JOURNAL FROM TYPE I TO 2 01/27/03 JOURNAL TYCO INTERNATIONAL LTD TYC -100.000 JOURNAL FROM TYPE I TO 2 bir27/b J0CNIAL vgoteitiZtioll131115 vd14 -J9iska JOURNAL FROM TYPE I TO 2 01/27/03 JOURNAL ELECTRONICS INTERNATIONAL FLEX 100,000 LTD JOURNAL FROM TYPE I TO 2 01/27/03 JOURNAL GALYANS TRADING INC GLYN 150,000 JOURNAL FROM TYPE I TO 2 01/27/03 JOURNAL TYCO INTERNATIONAL LTD TYC 100,000 JOURNAL FROM TYPE 1 T02 01/27/03 JOURNAL VECTOR GROUP LTD VGR 393,008 JOURNAL FROM TYPE 1 TO 2 01.28"03 01/23/03 BOUGHT MBNA CORP KRB 1000.000 16.24770 16,307,705.00 UNSOLICITED AS OF 01/23/03 'T.) 5.16.307.705.00 DEPOSITS AND WITHDRAWALS DATE 11W1ISACTIY, DESCRPTION DENT ATAOLTITT csEnr 01/27/03 FUNDS AEC BIANK ENDSWIRED TO CIT BANK FROM 8.000.000.00 TOTAL 58.000.000.00 027 0201,01:15:36 001 VEA0 EFTA00196730 CLEARED THRWGH ITS niCkLY 0%1N.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet SZeirns Sewn!;! GNP Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Dec Montech Contec Noah 0eock11n. New VC* 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 6 c, STATEMENT PERIOD January 1.2003 THROUGH January 31.2003 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER MAKER On FIk MONEY FUND ACTIVITY LAST STATEMENT December 31.2002 DATE LI:MAY TRANSACTON DESCRIPTION! STMBOLOvStP OVANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 01/01;03 OPENINGBALANCE 2.331.231.89 01/02/03 REINVEST lagfaBg i tSrEMENT-CL A DICXX 3,284.55 3.284.55 DIVIDEND REINVESTED 01/02/03 DIVIDEND DREYFUS CAS MANAGEMENT-CL A DICXX 3.284.55 INSTITUTIONAL HSHARES AMT INCLUDED IN 2002 - 1099 01/27/03 SOLD DREYFUS MANAGEMENT-CL A DICXX -2.334.516.44 1.0000 2.334.516.44 INSTITUTIONAL CASHSHARES 01/27/03 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICXX 2.024.51 INSTITUTIONAL SHARES DIVS 01/31/03 CLOSINGBALANCE 0.00 TOTAL $.3.284.55 $2.339.825.50 DIVIDENDS DATE CESCRPTION STMEIWOUSIP OJANTITY RATE (S) DEBIT AMOUNT [REDD AMOUNT 01/02/03 HOWNGER INTERNATIONAL INC HLR 1,250.00 CL A DIV CHG 25000 SHS SHORT REC 01;01)03 PAY 01/15,03 TOTAL $4.250.00 027 020103:15:34 001 Verl0 EFTA00196731 CLEARED THROUGH mutter OWLE0 SUBSICHARy OFFICE SERVICING YOUR ACCOUNT 8e8r. SZetrns CO >q. Bear. Steanis 8 Co. Inc. One Llevermh Center North BWR 383 Madison Avenue New Y New York 10179 Betcrom. New rom I12010859 STD;RNS FINANCIAL TRUST COMPANY INC 7 STATEMENT VER« January 1.2003 THROUGH January 31.2003 Transaction Detail (continued) ACCOUNT NUMEER TAXPAYER NULDER 3rlFlk INTEREST LAST STMEMENT December 31.2002 DATE CESCRPTION SYMEMUCUSIP oupmny RATE EM CENT AMOUVr GREMT MADUM 01/21/03 INTEREST ON CR9:fli BALANCE 0.7500 100.20 AT 0 3/4% 12/21 TRAU 12/30 01/21/03 INTEREST ON CREDIT BALANCE 0.7500 268.04 AT 0 3/4% 12/31 TRRU 01/20 TOTAL $368.24 MISCELLANEOUS DATE 1.13VAY 111~14704 DESCJIWOON ~Man DREPT Ø 01/06/03 JOURNAL MARK TO MARKET 5,250.00 01/06/03 JOURNAL MARK TO MARKET SHORT P06 5,250.00 01/13/03 JOURNAL MARK TO MARKET 1.249.00 01/13/03 JOURNAL MARK TO MARKET SHORT P06 1,249.00 01/21/03 JOURNAL MARK TO MARKET 12.500.00 01/21/03 JOURNAL MARK TO MARKET SHORT P06 12,500.00 01/27/03 JOURNAL JOURNAL FROM TYPE 1 TO 2 449,322.00 01/27/03 JOURNAL JOURNAL FROM TYPE 1 TO 2 2,336,541.00 01/27/03 JOURNAL MARK TO MARKET 9.000.00 01/27/03 JOURNAL JOURNAL FROM TYPE 1 TO 2 449.322.00 01/27/03 JOURNAL JOURNAL FROM TYPE 1T02 2.336.541.00 01/27/03 JOURNAL MARK TO MARKET SHORT P06 9,000.00 01/28/03 JOURNAL JOURNAL FROM TYPE 1 TO 2 8.000.000.00 01/28/03 JOURNAL JOURNAL FROM TYPE 1 TO 2 8,000,000.00 TOTAL $-10.813,862.00 $10,813.862.00 027 02.0101:16:36 001 V640 EFTA00196732 CLEARED THROUGH ITS yesterf 0HeE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Steens SOerrhel GNP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 CeoLlevetech Conte/ Noah Betatron. New Tex 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC 8 STATEMENT PERIOD January 1.2003 THROUGH January 31.2003 ACCOUNT NUMBER TAXPAYER MAMER OII FIN Your messages LAST STATEMENT December 31.2002 The interest, if any, charged to your account during December 2002 was computed on the net debit balance through December 30, The interest, if any, charged to your account during January 2003 is computed from December 31, 2002, End of Statement 027 02.01,03:15:36 001 vt40 EFTA00196733