EFTA00197462

Statements EFTA00197462 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear. SOMAS SOOANSCH Gar. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York, Nell York 10179 Ono Movoloch Coma North EncItIgn. New York 1120/3859 STEARNS HERITAGE INTERESTS ACCOUNT EXECUTIVE ZICHERMAN.IRA STATEMENT PERIOD December 1.2001 TELEPHONE THROUGH December 31.2001 VISIT OUR WEBSITE eehW.Uea'StearrS.00,11 ACCOUNT NUMBER What's In This Statement II TAXPAYER NUMBER On File LAST STATEMENT November 30.2001 Financial Summary 3 HERITAGE INTERESTS FINANCIAL TRUST CO TTEE Your Portfolio Holdings 4 DTD 7.30-91 Transaction Detail 5 ATTN JEANIE BRENNAN Fund Activity 5 6100 RED HOOK QUARTER STE B-3 Your Messages 7 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Important Message II any information regarding Cash 8 Eguyalent —IMEMINIMMEMERR 55.466,593 2001interest. dividends. TOTAL VALUE OF SECURITIES THIS PEFUOD 2945.000 $5,456,973 miscellaneous income. NET CREDIT BALANCE 1.368.454 gross proceeds or original Egumes $2.945.000 4,2 1: discount is required MONEY MARKET FUND BALANCE 4.098.139 $4.166.300 : S-I.22 reported to the IRS for this account, a ME Current market value Consolidated Form 1099 NET EQUITY TINS PERIOD $8.411,593 ggig Last statements market value will be mailed to you by Short market value January 31.2002or 1042S NET EQUITY LAST STATEMENT 8.396.973 by March 15,2002. CHANGE SINCE LAST STATEMENT 14.620 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Nona noon Oaf clIforanoo a pontoon< of crocks or stocks. calcalal as daltrona to 'nu. ne. SOT•Tani for nfeemebortal poems orEy Okra Needed as a Dr doomed lo Clem Sonion at 8C0(0.44428: a oO to Clam Seaton M Boa aoomo &comes statemore amid be Maned for yew records See revers* sole fce incorrect IIVOIThatKa On. Co. lArhotat, Coolly North. BrooNri, NY. I I2014050 027 D1.010208:30 001 VS19 EFTA00197463 CLEARED 1NROUON RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.letsolech Cantot North Broeklln• New Volt 11201.3859 HERITAGE INTERESTS 2 or 7 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 OI0302.v06:34 001 V519 EFTA00197464 CLEARED 1HRWGH ITS ?RIMY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beta. Saen•ns SoPpot: Cop. Bear. Steam & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 OtoMetsclech Carver North Beccidon. New Tuft 11201.3859 STEARNS HERITAGE INTERESTS 3 STATEMENT PERIOD December 1.2001 THROUGH December 31.2001 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER MASER On Ale DC PER® YEAR TO DATE THIS FERICO LAST STATEMENT Noverncer 30.2001 Opening Balance Dividends 8.006.44 193,955.43 $1,366,840.20 Credit Balance Int. 186.55 28,925.93 Money Fund 8,006.44 Total $8,192.99 $222.881.36 Dividends/Interest 1.613.65 Amount Credited $9.620.09 Money Fund -8.006.44 Portfolio Composition Amount Debited 8.8.006.44 CashtCash Equivalent 5.466.593 Net Cash Activity 1.613.65 Equities 2.945.000 Closing Balance $1 368 453.85 Total $8.411.593 Same dos vanity, oe cam tnp”, oncinoTT on Out ISTIOn such Oanstoes at oon ,t 'or invissibro HL ppoa. SCCOM In Testnsnon DEW Your Portfolio Allocation Cash Balance Summary CLOSING Cash 38,614.02 38,800.57 Margo 121,226.30 1,329,652.30 Equities Short 1.206,999.88 0.98 35% Net Cash Balance $1.366.840.20 $1.368.453.85 Cash 6 Equivalent \ 65% ‘. daPaatai STOOnS 00nµ. 0000 Ononos onto* !NH malts vela, Tho olonOrsn seventy, is Sowed from To otnal.te market rat), 01 >TX patiOna 027 01,0102:0B:34 001 V519 EFTA00197465 CLEARED THROUGH ITS AAHCALY OM TAEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeirns SONAIMI COO. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ore Metniech Cantet North Beccioon. New Yak 112013859 STEARNS HERITAGE INTERESTS 4 STATEMENT PERIOD December 1.2001 THROUGH December 31.2001 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER WESER On File LAST STATEMENT November 30. 2001 /AARxEl ESTIMATED CURRENT DESCRPTION S'IMBOLCUSIP QUANTITY PRICE OLUE AMU& INCOME Y13.0 CASH BALANCE 1,368,454 DREYFUS CASH MANACZMENT-CL A DICCX 4,098,139.09 1.0000 4,098,139 94,257 2.3000 INSTITUTIONAL SHARES ESL 30 DAY AVG VIEW 2.1000% TOTAL CASH & CASH EQUIVALENTS $5.466.593 $94.257 EQUITIES Equities & Options ACC! MARKET ESTIMATED DJAPEN' DESCRFRON STAIBC4iCUSIP Mt OUANSTT PACE VALLE ARMEN. -IAC0ME YE.° ITO TYCO INTERNATIONAL LTD TYC CASH 50.000 58.9000 2.945.000 2.500 0.0849 Total Equities& Options $2.945.000 $2.500 TOTAL EQUITIES $2.945.000 $2.500 YOUR TOTAL ESTIMATED ANNUAL INCOME $96,757 YOUR PRICED PORTFOLIOHOLDINGS $8.411.592 027 010302:06:34 001 VSI9 EFTA00197466 CLEARED THRWGH ITS wisekLY CAMPO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. SZeirns SOC,,PRI OPP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ore MetTolech Center North 8ro:idon. New VC* I I201.38S9 STEARNS HERITAGE INTERESTS 5 c, STATEMENT PERIOD December 1.2001 THROUGH December 31.2001 Transaction Detail ACCOUNT NUMBER TAXPAYER KAMER On Ede INVESTMENT ACTIVITY LAST STATEMENT November 30.2001 SETTLEMENT TRADE DATE DATE TRANSACTX)TI DESORPTION SIOATOOLCUSTP QUANTITY PRCE DEPT AMOUNT MOT AMOVCr 12/27/01 JOURNAL PNC FINANCIAL SVCSGROUP INC PNC •10,000 JOURNAL FROM TYPE 1 TO 2 12/27/01 JOURNAL PNC FINANCIAL SVCSGROUP INC PNC 10,000 JOURNAL FROM TYPE 1 TO 2 12/28/01 JOURNAL TYCO INTERNATIONAL LTD NC .11.000 JOURNAL FROM TYPE 1 T05 TO CLOSE OUT SHORT POS Valibi Yogi-1XL 13WerfUndltgiiegarieitlitiWit 13NO -10.000 JOURNAL FROM TYPE 2 TO 5 TO CLOSE OUT SHORT POS 1228/01 KRAL 14Inff-DiFidINCIVEgarieitlitiWit 13NC 10.000 JOURNAL FROM TYPE 2 TO 5 TO CLOSE OUT SHORT POS 12/28/01 JOURNAL TYCO INTERNATIONAL LTD 1YC 11.000 JOURNAL FROM TYPE I TO 5 TO CLOSE OUT SHORT POS TOTAL MONEY FUND ACTIVITY DATE LOOM TRANSACTION DIESCRIPTIM SRAM/CUSP OUAATTSY PRICE OMIT AMOUR CREDIT AMOUNT 12/01/01 OPENINGBALANCE 4.090.132.65 12/03/01 DIVIDEND DREYFUS CASH MANAGEMENT-CA. A DICCX 8.006.44 INSTITUT SHARES MONTHLY DIVIDEND 12/03/01 REINVEST DREYFUS CASH MANAGEMENT-CL A DICCX 8,006.44 8,006.44 INSTITUTIONAL SHARES DIVIDEND REINVESTED 027 01,0102:08:34 001 TS19 EFTA00197467 CLEARED THROUGH ITS niCkLY CA1nO0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SOC,M*1 CRP Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Montech CarrIR North Reccidon. New Year 11201.3859 STEARNS HERITAGE INTERESTS 6 STATEMENT PERIOD December 1.2001 THROUGH December 31.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER MASSER 011Ede MONEY FUND ACTIVITY (continued) LAST STATEMENT November 30.2001 DATE MOAT TRANSACTOR DESCRIPTION STMECtittElIP OVANMY PRCE DEBIT AMOUNT CREDIT AMOUNT 12/31/01 CLOSINGBALANCE 4,098,139.09 TOTAL $8,006.44 $8,006.44 INTEREST DATE DESCRIPTOR STIADCLOUSIP OUANTITY RATE DR DEBIT AMOUNT CREDO AMOUNT 12/21/01 INTEREST ON CREDIT BALANCE 1.2500 55.71 AT 1 1/4% 12111 THRU 12/20 12/21/01 INTEREST ON CREDIT BALANCE 1.5000 130.84 AT I 1/2% 11/21 THRU 12/10 12/21/01 SHT ACCT FEE 11/21-122001 1.427.10 TOTAL $1.613.65 MISCELLANEOUS DATE ODOM TRANSACTOR DESCRIPTOR DEBIT AMOUNT CREDIT AMOUNT 12/03/01 JOURNAL MARK TO MARKET 19.300.00 12/03/01 JOURNAL MARK TO MARKET SHORT P06 19.300.00 12/10/01 JOURNAL MARK TO MARKET 8,940.00 12/10/01 JOURNAL MARK TO MARKET SHORT P06 8.940.00 12/17/01 JOURNAL MARK TO MARKET 72.139.00 12/17/01 JOURNAL MARK TO MARKET SHORT P06 72,139.00 12/24/01 JOURNAL MARK TO MARKET 33,172.00 12/24/01 JOURNAL MARK TO MARKET SHORT P06 33.172.00 027 DI D102:08:34 001 V519 EFTA00197468 CLEARED THROUGH NS niCkLY ONnEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szea•ns SON"Nti GNP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ore Momloch Contof North Beano. New Ye* I1201.38S9 STEARNS HERITAGE INTERESTS 7 CI STATEMENT PERIOD December 1.2001 THROUGH December 31.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER AMMER On File MISCELLANEOUS (continued) LAST STATEMENT November 30. 2001 DATE MNDAY TPANSACTCN DESCRIPTION DENT WONT CREPT AMOUNT 12/31/01 JOURNAL MARK TO MARKET 1,197,699.00 12/31/01 JOURNAL MARK TO MARKET SHORT POS 1,197,699.00 TOTAL $-1,331.250.00 $1,331,250.00 Your messages As pail of the National Association of Securities Dealer's (NASD) Investor Education Program, you may obtain information on the NASD's Public Disclosure Program by contacting the NASD at telephone number (800) 289.9999 or via the intemet address which is www,nasdr,com, In addition, a brochure explaining the Public Disclosure Program is available from the NASD upon request, End of Statement 027 DI.D302:08:30 001 V519 EFTA00197469 CLEARED THROUGH nS YRIC.U.Y OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOLM Seer. Steams SOOrlISCH GO% Bear. Stearns 8. Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Ono Mottotech Center Noah BrockIgo. New York 1120/3559 STEARNS HERITAGE INTERESTS STATEMENT PERIOD October 27.2001 ACCOUNT EXECUTIVE ZICHERMAN.IRA TELEPHONE THROUGH November 30.2001 VISIT OUR WEBSITE 6'mv.uearstearns.com ACCOUNT NUMBER What's In This Statement 1111,111111111111 II TAXPAYER NUMBER On He LAST STATEMENT October 26.2001 Financial Summary 3 HERITAGE INTERESTS 4 FINANCIAL TRUST CO TTEE Your Portfolio Holdings DTD 7.30-91 Transaction Detail 5 ATTN JEANIE BRENNAN Fund Activity 5 6100 RED HOOK QUARTER STE B-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash S fourslent —MINIMINI NNIall $5.456.973 TOTAL VALUE OF SECURITIES THIS PERIOD 2.940.000 ... $5.443.968 NET CREDIT BALANCE 1.366.840 $4.166.300 : 4-1.226.300 Equities ‘‘sssIcy344v.....;54: 6,58.000 : 8-1.133.000 MONEY MARKET FUND BALANCE 4.090.133 lin Current market value NET EQUITY THIS PERIOD $8.396,973 IM Last statements market value C Short market value NET EQUITY LAST STATEMENT 7.968.968 CHANGE SINCE LAST STATEMENT 428.005 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Nona topan oaf dITOCCODO a ranraop of twits or Mocks. oulicolod as dolfrogoa to Icu. Tan sterner,/ arsmisearel passes caly. a kea Mended as a Cu doctored lo Clem Sonion ;a 800044428: a yet lo Clam SONICOS a Bow. Steam SCCUTOS a. Tin itMyna, ORM be Wad for your records. En worm S. Ta owcelact Nianuaton Ca,.. One 1.1floINI, Coolly North. BrooNr., H.V. 1'204859 027 1201.01:10:46 001 VS13 EFTA00197470 CLEARED 1HROUGH RS YiHMV 0"E0 SUBSIDIARY Beer. Szewee Secwititi GOO. Ce4 Meal:tech Cord NOM Beccidon. Hew VC* 11201.3859 HERITAGE INTERESTS 2 01 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 1201.'01:10:44 001 V513 EFTA00197471 CLEARED 1HRWGH ITS vniCtLY OMe.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Best. Staten& SOPA.* COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue NOW Y New York 10179 Ore Mettolcch Cantu North Becck/on. New Tuft 11201.3559 STEARNS HERITAGE INTERESTS 3 STATEMENT PERO° October 27.2001 THROUGH Novemter 30.2001 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER NUMBER On Pile THIS PERICO CPENIO CLOSNG LAST STATEMENT OCIOCet 26.2001 Opening Balance $1,363,408.10 Cash 36.747.69 38,614.02 Money Fund 9,573.11 Margin 262.384.30 121,226.30 Funds Deposited 740.00 Short 1,064,276.11 1,206.999.88 Dividends Interest 2,829.60 Net Cash Balance $1,363,408.10 $1,366,840.20 Amount Credited $13,142.71 Money Fund -9.573.11 Dividends/Interest Charged -137.50 Income Summary THM PERIOD YEAR TO DATE Amount Debited $-9.710.61 Dividends 10.335.61 185,948.99 Net Cash Activity 3,432.10 Credit Balance Int. 363.83 28,739.38 Closing Balance $1,366,840.20 Total $10,699.44 $214,688.37 Same ds tanslans ol cosh below accost Itpts ate not included in Na Your Portfolio sedge. such IraneXera as aye as Meals Icy as on. fransockee eta pence. Allocation appece In niettillien Dotal. Portfolio Composition LONG CashiCash Equivalent 5.456,973 Equities 1.226.300 4.166.300 Equities 38% Total $1,226,300 $9,623,273 Cash 8 Equivalent St% — Short Equities 11% Untended croons °ono* Oat Dianne antler shoe male veva, The alumna revenue, to pe•uee horn to etnaLte trarkte rat), el >ev porno" 027 1241(01:10:44 001 V513 EFTA00197472 CLEARED THROUGH ITS Nutty, CAM,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BON. SZeirns SON, NO CON. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Monlech Canto North Recocon. New Year 112014859 STEARNS HERITAGE INTERESTS 4 STATEMENT PERM WOW 27.2001 THROUGH November 30.2001 Your Portfolio Holdings ACCCUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER KAMER OR File LAST STATEMENT CtIOCei 26.2001 MARKET ESTIMATED CURRENT DESCRIPTION SillIBOLCUSiP QUANTITY PACE VALUE ANNUAL la& yea ru CASH BALANCE 1.366.840 DREYFUS CASH MANAGEMENT-CL A DICCX 4.090.132.65 1.0000 4.090.133 114,524 2.8000 INSTITUTIONAL SHARES EST, 30 DAY AVG VIEW 2.3800% TOTAL CASH & CASH EQUIVALENTS 55.456.973 $114.524 EQUITIES Equities & Options ACCT MARKET ESTRUM CURFENT DESCRPTION SYMECtICUSIP TOE aumnry PRCE VALLE ANKIAL NC0ME YELDI/O PNC FINANCIAL SYCSGROUP INC PNC CASH 10,000 57.9500 579,500 19,200 3.3132 PNC FINANCIAL SYCSGROUP INC PNC SHRT -10,000 57.9500 -579.500 -19.200 3.3132 TYCO INTERNATIONAL LTD TYC CASH 61,000 58.8000 3.586.800 3.050 0.0850 TYCO INTERNATIONAL LTD TYC SHRT -11,000 58.8000 -646.800 .550 0.0850 Total Equities& Options 52.940.000 52.500 TOTAL EQUITIES $2.940.000 52.500 YOUR TOTAL ESTIMATED ANNUAL INCOME $117,024 YOUR PRICEDPORTFOLIOHOLDINGS $8,396,973 027 1201MT:10:46 001 V513 EFTA00197473 CLEARED THROUGH ITS 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeirns Secv, hei CO,P. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 0-4 Mem:tech Cella North Beccidon. New Ye* 11201.3859 STEARNS HERITAGE INTERESTS 5 STATEMENT PERK* 001009I 27.2001 THROUGH November 30.2001 Transaction Detail ACCCUNT NUMBER TAXPAYER KAMER Ca Fite DEPOSITS AND WITHDRAWALS LAST STATEMENT October 26.2001 DATE TAANSACTCE, DESCRPRON OESITAIAOLATI CAM AMOUNT 11/19/01 DEPOSIT HERITAGE INTS 00 BS MORGAN 740.00 TOTAL $740.00 MONEY FUND ACTIVITY DATE MDOAT TRANSACTION DESCMPTON SYMODACUSIP OUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 10/27/01 OPENINGBALANCE 4.080.559.54 1,61761"""15iv114tVd15 151litYPirerITOMMEITh 15 9.57 .11 INSTITUTIONAL SHARES MONTHLY DIVIDEND 11 bi b1 umgy b ilkatilir enITatiatgArtir INSTI IONAL SHARES 15 .575.11 9.573.11 DIVIDEND REINVESTED 11/30/01 CLOSINGBALANCE 4,090,132.65 TOTAL 9.573.11 $9.573.11 DIVIDENDS DATE OESCRIPTION STMOOLCUSIP OUMITITY RATE (Sr DENT AMOUNT CREDIT AMOUNT 11/01/01 TYCO INTERNATIONAL LTD TYC 61,000 0.0125 762.50 REC 10/01/01 PAY 11101/01 11/01/01 TYCO INTERNATIONAL LTD TYC 137.50 DIV CHG 11000 SHS SHORT REC 10/01/01 PAY 1N01/01 TOTAL $-137.50 5762.50 027 1201MT:10:46 001 vms EFTA00197474 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,r44,1 COO. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Otto/km:tech Centec North Beccidon. New Ye.* 11201.3859 STEARNS HERITAGE INTERESTS 6 STATEMENT PER100 October 27.2001 THROUGH November 30.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER MASER Cn File INTEREST LAST STATEMENT October 26.2001 DATE DESORPTION STMEICCWSIP OUPARITT RATE MI DEBT AMOUNT GREW AMOUNT 11/21/01 INTEREST ON CREDIT BALANCE 1.5000 126.00 AT 1 1/2% 11/06 THRU 1I/20 11/21/01 INTEREST ON CREDIT BALANCE 2.0000 237.83 AT 2.000% 10/21 THRU 11/05 11/21/01 SHY ACCT FEE 1021-11 20 01 1.703.27 TOTAL $2,067.10 MISCELLANEOUS DATE &COAT TPANSACTON DESCRIPTOR DEBIT AMOUNT CRE0IT AMOUNT 10/29/01 JOURNAL MARK TO MARKET 68,723.00 10/29/01 JOURNAL MARK TO MARKET SHORT POS 68.723.00 11/05/01 JOURNAL MARK TO MARKET 7/51.00 11/05/01 JOURNAL MARK TO MARKET SHORT POS 7,751.00 11/12/01 JOURNAL MARK TO MARKET 63,389.00 11/12/01 JOURNAL MARK TO MARKET SHORT POS 63,389.00 11/19/01 JOURNAL MARK TO MARKET 4.559.00 11/19/01 JOURNAL MARK TO MARKET SHORT POS 4,559.00 11/26/01 JOURNAL MARK TO MARKET 21356.00 11/26/01 JOURNAL MARK TO MARKET SHORT POS 21356.00 TOTAL $-165,778.00 5165.778.00 End of Statement 027 1241.'01:10:44 001 VS13 EFTA00197475 CLEARED THROUGH ITS MIC5LY 001,80 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. &MON S00,10.1 Cap. BEAR Bear. Stearns & Co. Inc. Ore Mee oI cc h Cord NOM 383 Madison Avenue en:Ck/01. New Year 11201.3859 10179 STEARNS New York New York HERITAGE INTERESTS STATEMENT PERIOD Septerriber 29.2001 ACCOUNT EXECUTIVE j ,itRMAN.IRA TELEPHONE THROUGH October 26.2001 VISIT OUR VIE8SITE nyny.cearstearns.com ACCOUNT NUMBER What's In This Statement IIII I II TAXPAYER MAMER On File LAST STATEMENT September 28.2001 Financial Summary 3 HERITAGE INTERESTS 4 FINANCIAL TRUST CO TTEE Your Portfolio Holdings DTD 7.30.91 Transaction Detail 5 ATTN JEANIE BRENNAN Fund Activity 5 6100 RED HOOK QUARTER STE B-3 Your Messages 8 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash 8 Equvalent .$5.443.968 TOTAL VALUE OF SECURMES THIS PERKO 2,525.000 $5.617.989 NET CREDIT BALANCE 1,363,408 $3.658.000 : $-1.133.000 Equities MONEY MARKET FUND BALANCE 4,080,560 —1Ezus:“71-N,47aus k 53.348.000 : $-1.078.000 El Current market value NET EQUITY THIS PERIOD $7,968,968 tia Last statements market value C Short market value NET EQUITY LAST STATEMENT 7,887,989 CHANGE SINCE LAST STATEMENT 80,979 There are no 'Stop Loss' orders or other pending buy or sell open orders on tile for your account. Roza tow any do'oronoo a morocco of tracks or socks. milcolocl as dolHoroti lo p5u. Sit Th. vents/ b k• dOrmatzemlpsnases rely els ea Mended n a tar (100.niert lo Cleni SoMon 01800614.1128: a 'Ito to ChM SONIC.. M Boot SWIM &cum« MatieRN shoune retailed for your records. Me mom Sofa mporrare acmuton Cep.. Co. Meholoth Cool.. Hot. BrooNm NY. II2014858 027 10.2Z0109:11 001 V502 EFTA00197476 CLEARED 1NROUON RS winerf 0"E0 SUBSIDIARY Beer. Szewee Secwititi GOO. Ce4 Mem:leen Cord NOM Breen'''. New VC* 11201.0869 HERITAGE INTERESTS 2 01 STATEMENT BACKER IS PRINTED ON THIS PAGE 021 10.27,01:09:11 001 V602 EFTA00197477 CLEARED 1HRWGH na ?RIMY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bess. Stearns SeN•llkl COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Mevolech Conte NOM ettdOon. New Tuft 11201.3859 STEARNS HERITAGE INTERESTS 3 STATEMENT PER100 September 29.2001 THROUGH October 26.2001 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER KAMER OR File THIS ;VICO CPENN3 CLO9NO LAST STATEMENT September 28.2001 Opening Balance $1,374,042.62 Cash 44.407.40 36.747.69 Money Fund 186.613.24 Margin 356.634.30 262.384.30 Dividends/Interest 7.184.48 Short 973,000.92 1,064,276.11 Amount Credited $193,797.72 Net Cash Balance $1,374,042.62 $1,363,408.10 Money Fund -11.613.24 Funds Withdrawn -188.019.00 Dividends Interest Charged -4.800.00 Income Summary TIC PERIOD TEM TO DATE Amount Debited $-204.432.24 Dividends 16.413.24 175,613.38 Net Cash Activity -10.634.52 Credit Balance Int. 559.29 28,375.55 Closing Balance $1.363.408.10 Total $16,972.53 $203.988.93 Some kg transfers 0 cash below accost Epes ere not mcluded in Pus Your Portfolio ;Khan. such Irene/en, as well as details Icy all o'er Permles As penal. Allocation *peat In TranSadiOn Dotal. Portfolio Composition SCAT LONO CashiCash Equivalent 5.443.968 Equities 1,133.000 3.658.000 Equities 35% Total $1,133.000 $9.101,968 Cash 8 Equivalent 54% Stan Equities 11% Untoded Dona” Oen,* 0005 anon• *floe 001 male *vets Ma 510Cahri ;even:sr is ce•ned ham 00191.te market rat), (11 >VA POrt$00 027 104741:09:11 001 V SO2 EFTA00197478 CLEARED THROUGH ITS wilekLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Metsolech Cantet North Beccidon. New Ye* I I201.38S9 STEARNS HERITAGE INTERESTS 4 STATEMENT PERIOD SepleTtef 29.2001 THROUGH October 26.2001 Your Portfolio Holdings ACCOUNT moisten CASH & CASH EQUIVALENTS TAXPAYER WIDER DR File LAST STATEMENT September 28.2001 IMRKEI ESIII4AIED CURRENT DESCRPTION SYMBOLCUSIP QUANTITY PACE VALUE ANNAJAL MCCUE YELD 1%) CASH BALANCE 1.363.408 DREYFUS CASH MANAGEMENT-CL A DICCX 4.080.559.54 1.0000 4.080.560 134.658 3.3000 INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 2.7900% TOTAL CASH & CASH EQUIVALENTS $5,443,968 $134,658 EQUITIES Equities & Options ACCT MARKET ESTIMATED CURRENT DESCRPTION SYMECl/DISIP TIDE cumin PRCE VALUE AWED& INCOME YEW N4 PNC FINANCIAL SVCSGROUP INC PNC CASH 10,000 57.7500 577,500 19,200 3.3247 PNC FINANCIAL SVCSGROUP INC PNC SHRT -10,000 57.7500 -577.500 -19.200 3.3247 TYCO INTERNATIONAL LTD TYC CASH 61,000 50.5000 3.080.500 3.050 0.0990 TYCO INTERNATIONAL LTD TYC SHRT -11,000 50.5000 -555.500 -550 0.0990 Total Equities& Options 52.525,000 $2.500 TOTAL EQUITIES 52.525.000 52.500 YOUR TOTAL ESTIMATED ANNUAL INCOME 5137.158 YOUR PFUCEDPORTFOLIOHOLDINGS $7.968,968 027 1047Di:09:II 001 V002 EFTA00197479 CLEARED THROUGH ITS vrisekLY CAM.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SON, t4,1 Cat. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Momloch Contm North BecciCon. New To* T1201.3859 STEARNS HERITAGE INTERESTS 5 STATEMENT PERIOD SECterriter 29.2001 THROUGH Water 26.2001 Transaction Detail ACCOUNT NUMBER TAXPAYER KAMER On File INVESTMENT ACTIVITY LAST STATEMENT SECIPOIDN 28.2001 SETTLEMENT TRADE DATE DATE TRANSACTION oescRenoN SYMBOL:CUSP CAPARITI PRCE DEBIT AMOUNT OREM AMOUNT 10124/01 EXPIRED CALL NCO INIT. OCT 055" 9021249J7 500 EXP 10/20/2001 TOTAL DEPOSITS AND WITHDRAWALS Dt.-E TRANSACTION DESORPTION DEBIT AMOUNT CREDIT AMOUNT 10/01/01 FND WIRED 174.484.00 10/25/01 CHECK 7.735.00 SEW 10126/01 CHECK CK 5.800.00 TOTAL 9-188,019.00 MONEY FUND ACTIVITY DATE MCDAY TRANSACTIDN DEW:I/UPTON SYMEOLOUSIP OUANTIn PRCE DEBIT AMOUNT CREDIT AMOUNT 09.29/01 OPENINGBALANCE 4,243,946.30 10/01/01 SOLD DREYFUS CASH MANAGEMENT-CA. A DICCX -175.000 1.0000 175.000.00 10/01/01 DIVIDEND DREYFUS CASH MANAGEMENT-CA. A DICCX 11,613.24 INSTITUTIONAL SHARES MONTHLY DIVIDEND 027 10.2Z01:09:11 001 V502 EFTA00197480 CLEARED 1HRWGH NS YTHCM.Y 0%1D.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC‘nt*T COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Dec Meesetech Cella North Beccidon. New Ye* 11201.3859 STEARNS HERITAGE INTERESTS 6 c1 n STATEMENT PERIOD SeptetMet 29.2001 THROUGH Cotter 26.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER MNITER OTI Ede MONEY FUND ACTIVITY (continued) LAST STATEMENT September 28.2001 DATE AKRON TRANSACTION DESIRIPTCN SYMBOUCUSIP DUMMY PFOCE CENT AMOUNT CREDIT AMCDNT 10/01/01 REINVEST laYrtlaaSMGEMENT-CL A D/CCX 11,613.24 11,613.24 DIVIDEND REINVESTED 10/26/01 CLOSINGBALANCE 4.080,559.54 TOTAL $.11.613.24 $186.613.24 DIVIDENDS DATE OESCRFM0v STIABOLCUSIP WArYNTT Tudi Meg AMOUNT CREDIT AMOUNT 1OAS/O1 PNC FINANCIAL SVCS GROUP INC PNC 4.800.00 DIV CHG 10000 SHS SHORT REC 10/12001 PAY 10/24101 10/24/01 PNC FINANCIAL SVCS GROUP INC PNC 10.000 0.4800 4.800.00 REC 10112,01 PAY 10!24:01 TOTAL $.4.800.00 $4.800.00 INTEREST DATE OESCRFMON SvkiElOutuSIP CUMVTITT RATE ITET CENT AMOUNT CREDIT AMOUNT 1022/11 INTEREST ON CREDIT BALANCE 1.5000 30.85 AT 1 1/2% 09/21 THRU 09/23 1O/22JO1 INTEREST ON CREDIT BALANCE 2.5000 215.89 AT 2 1/2% 09/24 THRU 10101 10/22/01 INTEREST ON CREDIT BALANCE 2.0000 312.55 AT 2.000% 1002 THRU 10/20 027 1047,01:09:11 001 V502 EFTA00197481 CLEARED THROUGH ITS niCkLY 0%P.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC,APRI COP Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue Cc* Mosolech Cardec NOM BecciOon. New VC* I 1201.3SS9 STEARNS New Y New York 10179 HERITAGE INTERESTS 7 STATEMENT PER100 Sweater 29.2001 THROUGH October 26.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER RIMER Co File INTEREST (continued) LAST STATEMENT September 28.2001 DATE DESORPTION SYMECMCVSIP QUANTITY RATE IV) DEBIT AMOUNT [REM AMOUNT 10/22/01 SHT ACCT FEE 09/21-102001 1,825.19 TOTAL 52.384.48 MISCELLANEOUS DATE MOAT TRANSACTOR DESCRIPTOR DEBIT AMOUNT CREPT APCUNT 10101/01 JOURNAL MARK TO MARKET 99,999.00 10/01/01 JOURNAL MARK TO MARKET SHORT POS 99.999.00 10/08/01 JOURNAL MARK TO MARKET 9,53O.OO tvetlieI tat& fvfAkt YO MARKET &motif Mg 4.5.10.00 115!1 5/61 ANAL WirtZiMANREt 3.344.66 10/15/01 JOURNAL MARK TO MARKET SHORT POS 3,349.00 10/22/01 JOURNAL MARK TO MARKET 11,930.00 10/22/01 JOURNAL MARK TO MARKET SHORT POS 11.930.00 TOTAL $-124.808.00 $124.808.00 027 10.27A31:09:11 001 VS02 EFTA00197482 CLEARED THROUGH ITS 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeirns Sec.r.t.er Core. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Otto/km:tech Contec North BetaCon. New Yak 11201 3859 STEARNS HERITAGE INTERESTS 8 O ,, STATEMENT PERIOD Senternter 29.2001 THROUGH Cotter 26.2001 ACCCUNT women TAXPAYER KAMER OR File Your messages LAST STATEMENT September 28.2001 We are pleased to announce that we have moved our world headquarters, previously located at 245 Park Avenue, to: 383 Madison Avenue New York, New York 10179 While our telephone numbers and e•mail addresses remain the same, some fax numbers have changed, Please check with your Account Executive. End of Statement 021 10.27.01:09:i 1001 v502 EFTA00197483 CLEARED THRCOGH ITS WHOLLY 01WJED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear. Stearns SOMA*. GOI0 Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New York, New York 10167 Ono Montech Coma Noah Brocklin. New York 1120/3559 STEARNS HERITAGE INTERESTS STATEMENT PER100 &pewter 1.2001 ACCOUNT EXECUTIVE ZIC,HEHMAN.IRA TELEPICCE THROUGH Septemter 28.2001 VISIT OUR WESSITE eemv.uea'stearrs.com ACCOUNT NUMBER What's In This Statement IIIIIIIIIIIIIIIII II TAXPAYER NUMBER On File LAST STATEMENT August 31.2001 Financial Summary 3 HERITAGE INTERESTS 4 FINANCIAL TRUST CO TTEE Your Portfolio Holdings DTD 7-30-91 Transaction Detail 5 ATTN JEANIE BRENNAN Fund Activity 5 6100 RED HOOK QUARTER STE 8-3 Your Messages 6 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash S Equvalent $5.617.989 TOTAL VALUE OF SECURITIES THIS PERIOD 2.270.000 ... $5.598.222 NET CREDIT BALANCE 1374.043 53.348.000 : $-1.078.000 Equities a ima MONEY MARKET FUND BALANCE 4,243.946 $3.834.850 : 5-1.299.850 lin Current market value NET EQUITY THE PERIOD $7.887.989 NE Last statements market value Short market value NET EQUITY LAST STATEMENT 8,133.222 CHANGE SINCE LAST STATEMENT -245.233 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Plo.ma mood 00f arreromo a mnrowsr of tern or socks. melicalod as Clatiefed 10 you. aft nes sownerY s kw MkOIMIAXMI passes otitis not wended as a Cu doaaTert 10 010.11 SOMP:0.1 al 400044428: Cr yet lc, Clam Somcos a Bow. StOafra SCCuTOS sotteneri oboud ea maw la your records Set worm Se Aar orpcdart egonmaton On. One Llanloth Carla. Honk 13coo•bn. NY 112014959 027 09,2901:10:55 001 V500 EFTA00197484 CLEARED 1HRCO3H nS WHOLLY OWNED SUBSIDIARY Bear. SOMAS SohnIBM COO (We Llettotech Confer North Brock/on. Now York 11201.3859 HERITAGE INTERESTS 2 of STATEMENT BACKER IS PRINTED ON THIS PAGE 027 022201:10:55 001 V500 EFTA00197485 BLEARED ileictiou musky, ORBECI SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear. Szeirns Secv,ipti CORY Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New YY New York 10167 CeoLlevelech Cella North Beccidon. New TRY 11201.3859 STEARNS HERITAGE INTERESTS 3 STATEMENT PERIOD SeptelTENN 1.2001 THROUGH Septet ter 28.2001 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER NURSER Cfl File DRS PERIOD YEAS TO DATE THIS PERIOD LAST my:6mm August 31.2001 Opening Balance $1,370,713.06 Dividends 16.436.92 159,200.14 Credit Balance Int. 365.66 27,816.26 Money Fund 16,436.92 Total $16,802.58 $187.016.40 Dividends Interest 3,329.56 Amount Credited $19,766.48 Money Fund -16.436.92 Portfolio Composition Amount Debited $-16.436.92 SKIRT LOBO Net Cash Activity 3,329.56 Cash/Cash Equivalent 5.617.989 Equities 1,078.000 3.348.000 Closing Balance $1 374 042.62 Same dot ?totem oe cat ter... el included in this Total $1,078.000 $8.965.989 sO:Oan Jot trona/Vs aa AMI ... sztnew its paned. OCCOM In Tentnotom Dr.41 Your Portfolio Allocation Cash Balance Summary C LCci Cash 44,041.74 44.407.40 Margo 55,172.30 356.634.30 E E'S Short 1,271,499.02 973.000.92 Net Cash Balance $1.370.713.06 $1,374,042.62 Cash & Equivalent( 56% Short Equities 10% Unto0e0 potions panto oar Dionne onto matt vela, Tho pit:am ;eents,' .a tenet Mtn to 00191.te mart rat), 01 >acs palkno 027 092801:10:55 001 V500 EFTA00197486 CLEARED THROUGH ITS voliCtLY 0OttED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet Saea•ns SOC.r.t4O COP. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Ore Metoolech Canto North Beccktn. New Year 11201.3859 STEARNS HERITAGE INTERESTS 4 ci STATEMENT PERIOD SeptelTbN 1.2001 THROUGH *Monter 28.2001 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER NtIUMER On File LAST STATEMENT August 31.2001 oAAPKET ESIIIMIED CURRENT DESCRPRON SYMBOLCUSIP OLIANOTY PACE VALUE ANN;AL INSWE VE10 MI CASH BALANCE 1,374,043 DREYFUS CASH MANAGEMENT-CL A DICCX 4,243,946.30 1.0000 4,243,946 157.026 3.7000 INSTITUTIONAL SHARES TOTAL CASH & CASH EQUIVALENTS 55.617.989 $157.026 EQUITIES Equities & Options ACCT MARKET ESTIMTED CURRENT DESCRATION SAIBWCUSIP TOE (won PRCE VALUE AMAIN. INCOME YEW IRO PNC FINANCIAL SVCSGROUP INC PNC CASH 10.000 57.2500 572.500 19.200 3.3537 PNC FINANCIAL SVCSGROUP INC PNC SHRT -10.000 57.2500 -572,500 -19.200 3.3537 TYCO INTERNATIONAL LTD TYC CASH 61.000 45.5000 2.775.500 3.050 0.1099 TYCO INTERNATIONAL LTD TYC SHRT -11.000 45.5000 -500.500 -550 0.1099 CALL NCO INTL OCT 055n- TYCJ55 CASH -500 0.1000 -5,000 Se 10/20/2001 Total Equities& Options $2.270,000 52.500 TOTAL EQUITIES $2.270,000 52.500 YOUR TOTAL ESTIMATED ANNUAL INCOME $159.526 YOUR PRICED PORTFOLIOHOLDINGS 57,887.98.8 027 0S2900I:l0:55 001 V500 EFTA00197487 CLEARED THRWGH ITS 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet SZeirns SOC.r.htl C0,0 Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Ore Meesetech Cella North 0eock11n. New Ye* 11201.3859 STEARNS HERITAGE INTERESTS 5 v/ STATEMENT PERIOD SEINENT63f 1.2001 THROUGH Sects...rite, 28.2001 Transaction Detail ACCOUNT NUMBER TAXPAYER ATJUSER On File MONEY FUND ACTIVITY LAST STATEMENT August 31.2001 DATE MOAT TRANSACTION DESOTIPTCPI STMECLCuSIT QUANTITY PRCE DEBIT AMOUNT CREDIT AMOUNT 09/01/01 OPENINGBALANCE 4.227,509.38 09/04/01 DIVIDEND paYrnaSgaliGEMENT-CA. A DICCX 16.436.92 MONTHLY DIVIDEND 09/04/01 REINVEST DREYFUS CASH MANAGEMENT-CL A DICCX 16,436.92 16.436.92 INSTITUTIONAL SHARES DIVIDEND REINVESTED 09/28/01 CLOSINGBALANCE 4,243,946.30 TOTAL $.16.436.92 $16.436.92 INTEREST DATE CESCRPTION STAIBEIJCLISIP QUANTITY RATE IY4 DEBT AMOUNT CREDIT AMOUNT 09/21/01 INTEREST ON CREDIT BALANCE 0.5000 3.42 AT 0 I/2% 09/19 THRU 09/19 09/21/01 INTEREST ON CREDIT BALANCE 1.5000 10.27 AT 1 1/2% 09/20 THRU 09/20 09/21/01 INTEREST ONCREDIT BALANCE 2.5000 34.22 AT 2 1/2% 09/17 THRU 09/18 09/21/01 INTEREST ON CREDIT BALANCE 3.0000 317.75 AT 3.000% 08/21 THRU OMR 09121/01 SHT ACCT FEE 08/21-092001 2.963.90 TOTAL $3.329.56 027 012801:10:55 001 V500 EFTA00197488 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 Cory. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New York NEW York 10167 OtoLletiotech Center North BredCon. New Ye* I I20I.38S9 STEARNS HERITAGE INTERESTS 6 r/ STATEMENT PERIOD Septenter 1.2001 THROUGH *Monter 28.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER WESER Cfl File MISCELLANEOUS LAST STATEMENT August 31.2001 DATE AlaiMY TRANSACTION DESCRIPTCN DEBIT AMOUNT CRECIT AMOUNT 09/04/01 JOURNAL MARK TO MARKET 34,149.00 09/04/01 JOURNAL MARK TO MARKET SHORT POS 34,149.00 09/10/01 JOURNAL MARK TO MARKET 121770.00 09/10/01 JOURNAL MARK TO MARKET SHORT POS 123,770.00 09/17/01 JOURNAL MARK TO MARKET 10,729.00 6e/17/61 JbltWMAL AA IMORLI"grair 10.729.00 6416u61 JoiIthIAL fafAAifYOTANRLY 154. 7200 09./24:•01 JOURNAL MARK TO MARKET SHORT POS 154,272.00 TOTAL $-322.920.00 $322.920.00 Your messages This statement is provided to explain Bear, Steams & Co, Beginning October 31, 2001, you may request the identity Inc,S ('BSC') payment for order flow practices, of the venue to which any of your orders were routed for execution (if the order was within the six months prior to BSC routes a majority of orders for customer securities the request or July 2, 2001, whichever is a later date), transactions to the primary market for such securities, whether the order was directed by you to that venue, and Orders may also be routed to other market service vendors the time of the executions, if any, that resulted from such that assure executions pursuant to complex mathematical orders. formulas at better than the national best bid or best offer (NBB0). BSC receives no cash payment or other consideration for such order routing other than favorable executions or executions of limit orders at no additional charge. 027 0S29,01:10:55 001 V500 EFTA00197489 CLEARED THROUGH ITS ?RICO.? 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns S0C."44.1 Cap. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New Y New York 10167 0 -4 Momloch Contm North Brock/on. New Year 11201.3859 STEARNS HERITAGE INTERESTS 7 STATEMENT PERIOD SeptelTiNN 1.2001 THROUGH Septet ter 28.2001 ACCOUNT NUMBER TAXPAYER WESER OR File LAST STATEMENT August 31.2001 Bar Requirements: Bear, Steams Securities Corp. Net Capital and Net Capital Bar Securities and other assets in your account are the firm's collateral for any margin loan made to you, If the securities and other assets in your account decline in value, so does At May 25, 2001 and July 27, 2001, the Company's net the value of the collateral supporting your loan, and, as a capital of $2.7 billion and $2,7 billion was approximately result, the firm can take action, such as issue a margin call 8.9% and 9.2% of aggregate debit items and exceeded the and/or sell securities or other assets in any of your accounts minimum regulatory net capital requirement of $605.5 held with the member, in order to maintain the required equity million and $585,5 million by $2.1 billion and $2,1 billion, in the account. It is important that you fully understand the all respectively, risks involved in trading securities on margin, These risks include the following: A complete copy of the Bear, Stearns Securities You can lose more funds than you deposited in the Corp, Statement of Financial Condition is margin account, available on the web site yvnv bearstearns corn The firm can force the sale of securities or other assets Alternatively, to request a free printed copy please call in your account(s), -toll tree 1.866.299.9331 The firm can sell your securities or other assets without contacting you. You are not entitled to choose which securities or other assets in your account(s) are liquidated or sold to meet a margin call. The firm can increase it's 'house" maintenance requirements at any time and is not required to provide you advance written notice. You are not entitled to an extension of time on a margin call. End of Statement 027 0929031:10:55 001 V500 EFTA00197490 CLEARED THROUGH nS YiHOU.Y OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BM. Steams SO•0081 Corp. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Ono MoVotech Confer Noah Stock/in. New York 11201.3959 STEARNS HERITAGE INTERESTS STATEMENT PERIOD Jut/ 28.2001 ACCOUNT EXECUTIVE ZICHERMAN.IRA TELEPHONE THROUGH August 31.2001 VISIT OUR WEBSITE nvm uearstearns.com AGLOW! NUMBER What's In This Statement II TAXPAYER WINER On File LAST STATEMENT JO 27.2001 Financial Summary 3 HERITAGE INTERESTS 4 FINANCIAL TRUST CO TTEE Your Portfolio Holdings DTD 7-30-91 Transaction Detail 5 ATTN JEANIE BRENNAN Fund Activity 5 6100 RED HOOK QUARTER STE B-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURITIES THIS PERCD 2.535.000 Cash 8 Ecarealent —INIMI PIZZZ $10.004.169 NET CREDIT BALANCE 1.370.713 S3.834.850 : S-I.299.850 Equities —I MONEY MARKET FUND BALANCE 4.227.509 ........ ...... I 510.898.553 : $-1.380.280 ME Current market value NET EQUITY This PERIOD $8.133.222 gilifl Last statements market value C Short market value NET EOUITY LAST STATEMENT 19.522.442 CHANGE SINCE LAST STATEMENT -11.389,220 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. I:10.mo non oaf Manx, a r0nroN61 of olds or socks. nelicolo0 as &Woad lo you. not PAY0181Y 11for elcdedeesel wpm, ally t k remflooded as lo DWI Sone*. 01 800611.1128: a vat lo Choi Smokes a Bow. Steam Sccuilies C00. Co. LIONINI, Cook, Honh. BrooMyn, H.V. 112014959 aft downed Des scateseero NNW be retard for your records Soo revers* ode far modem rdormanon 027 0A01.01:10:37 001 V496 EFTA00197491 CLEARED 1HRCO3H nS YiHOU:i OWNED SUBSIDIARY BM. SOMAS S00000• G00 Claellettotech Genie North Brock/0. Now York 11201.3859 HERITAGE INTERESTS 2 of 0 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 09.0L01:10:37 001 V49G EFTA00197492 CLEARED 1HRWGH ma wisekLY O"EO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Best. Stearns SeCoohtt Cap. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New YY New York 10167 Ore Mototech Calla HMO Brockton. New VC* I12O1.3SS9 STEARNS HERITAGE INTERESTS 3 STATEMENT PER100 Jul/ 28.2001 THROUGH August 31.2001 AcccuNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER A.va3ER On File THIS PEPo00 CPENN3 CLOMPS LAST sTATEmENT Jul/ 27. 2001 Opening Balance $1,399,797.60 Cash 76.465.02 44,041.74 Securities Sold 6,715,839.56 Margin 104.018.30 55,172.30 Money Fund 11,223,138.34 Short 1,219,314.28 1,271,499.02 Dividends/Interest 7.138.80 Net Cash Balance $1,399,797.60 $1,370,713.06 Amount Credited $17.946.116.70 Money Fund 4,823,138.34 Funds Withdrawn -11,151,925.40 Income Summary TIC PERIM YEP TO DATE Dividends Interest Charged -137.50 Dividends 23.902.44 142,763.22 Amount Debited $17,975,201.24 Credit Balance Int. 2.898.46 27,450.60 Net Cash Activity -29.084.54 Total 526.800.90 $170,213.82 ClosingBalance $1 370 713.06 Your Portfolio Allocation Same On tensions ct cash balsam accost Items ate not mole:led on Sot eatien. MCP, Iraneen, as wee as debts lot aY flier tranSeChn Olt penod. arvear in Trareacbon Oetai Portfolio Composition s -CAT LONG CashiCash Equivalent 5.598.222 Equities 1.299.850 3.834.850 Total $1.299.850 59.433.072 Cash 8 Nub/akin! 53% Ueended cement deo* debt beano, arena 1/104 male ValAtly The Mower reecemer is ce•ire0 ham Ve 00191.te market rat), 01 tcv pell000 027 09,01.01:10:37 001 v496 EFTA00197493 CLEARED THROUGH ns vngsly °BBC° SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeirns SOC‘r.t*/ COO. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Cr.* Mevelech Cella North Betatron. New Ye* II201.38S9 STEARNS HERITAGE INTERESTS 4 STATEMENT PERK* Jul/ 28.2001 THROUGH MOAT 31.2001 Your Portfolio Holdings ACCCUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER AVAEER On Foe LAST STATEMENT Jul/ 27.2001 MARRS ESTIMATED CURPENT DESOICTION SYMBOLCUSO QUANTITY PRICE VALUE ANBUAL INCOME 10.0 I%4 CASH BALANCE 1,370,713 DREYFUS CASH MANAGEMENT-CL A DICCX 4.227.509.38 1.0000 4,227,509 164.873 3.9000 INSTITUTIONAL SHARES TOTAL CASH & CASH EQUIVALENTS $5.598,222 $164.873 EQUITIES Equities & Options ACCT MARKET ESTINMED CURFEW DESSRPION STIRECIAUSIP TIN (wen NICE VALIK ANMJAL INCOME YEW 1%/ PNC FINANCIAL SVCSGROUP INC PNC CASH 10,000 66.5900 665.900 19,200 2.8833 PNC FINANCIAL SVCSGROUP INC PNC SHRT -10,000 66.5900 -665.900 -19,200 2.8833 TYCO INTERNATIONAL LTD TYC CASH 61.000 51.9500 3.168.950 3,050 0.0962 TYCO INTERNATIONAL LID TYC SHRT -11.000 51.9500 -571.450 -550 0.0962 CALL TYCO INTL OCT 055- TYCJ55 CASH -500 1.2500 -62.500 UP 10/20/2001 Total Equities& Options $2.535,000 $2.500 TOTAL EQUITIES $2.535,000 $2.500 YOUR TOTAL ESTIMATED ANNUAL INCOME $167,373 YOUR PRICEDPORTFOLIOHOLDINGS $8.133.222 027 09.01,01:10:37 001 V496 EFTA00197494 CLEARED THROUGH ITS witOw, ONnE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeirns Sec‘,444 SOP. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Ore Mevolech Cantm 000.0 Beano. New Ye* I I20I.3SS9 STEARNS HERITAGE INTERESTS 5 STATEMENT PER100 Jul/ 28.2001 THROUGH AucmST 31.2001 Transaction Detail ACCCUNT NUMBER TAXPAYER KAMER On File INVESTMENT ACTIVITY LAST STATEMENT Jul/ 27.2001 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION SIOJE/OLCUSJP OVANTITY PRCE DEBIT AMOUNT GRECO AMOUNT 08/07/01 08/02/01 SOLD MEDTRONIC INC MDT -33,961 46.38850 1,573,307.17 WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE birb7/61 66162i6i BOLLS IAD MAI4dIAL gve§driOufs ink PN - ,472 67.02 k 1.504.744.82 UNSOUCKED 08/08/01 08/03/01 SOLD MEDTRONIC INC MDT -80,000 45.53390 3,637,788.07 WITH RIGHTS TO PURCHASE PREFRD MX UNDER CERTAIN CIRCUMSTANCE UNSOUCKED TOTAL $6.715.839.56 DEPOSITS AND WITHDRAWALS DATE TRANSACTO. DERR AMOUNT CREDIT AMOUNT 08/03/01 FND WIRED 8,280,000.00 '000.010:013/200: L . 08/30/01 FND WIRED 2,871,925.40 •1027,-100020:102/202: 10. L L TOTAL $-11,151,925.40 MONEY FUND ACTIVITY DATE MCDAY TRANSACTICN DESCRIPTION SYLIODUCLISIP OUMRITT PRCE MIT AMOUNT CREDIT AMOUNT 07/28/01 OPENINGBALANCE t604.371.04 027 04DLDl:l0:37 001 EFTA00197495 CLEARED THRWGH ITS vniCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beef. SZeirnd SOC‘rthel GOO. BEAR Bear. Stearns 8 Co. Inc. Cc* Mevolech Carded North 245 Park Avenue Beccidon. New Todd 11201 3859 STEARNS New York New York 10167 HERITAGE INTERESTS 6 v./ v. STATEMENT PERK* Jug 28.2001 THROUGH August 31.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMBER On File MONEY FUND ACTIVITY (continued) LAST STATEMENT Jul/ 27.2001 DATE 1.10:DAY TPANSACTICN DESCRIPICN SYMBOUCVSIP (yarn psisE men AMOUNT mon AMOUNT 08/01/01 DIVIDEND fraYtlf&SMGEMENT-CL A DICCX 23,138.34 MONTHLY DIVIDEND 08/01/01 REINVEST fraYrtaaSNaliGEMENT-CL A DICCX 23,138.34 23.138.34 DIVIDEND REINVESTED bakasei SOLI5 15WEWLIS itAWMZMEMOL A 151 X -8.300.000 1.0000 8.300.000.00 INSTITUTIONAL SHARES FFD 08/08/01 BOUGHT RAKI.MSONGEMENT.CL A DICCX 3.000.000 1.0000 3.000.000.00 BU FD 08/13/01 SOUGHT DREYFUS CASH MANAGEMENT-CL A DICCX 3.800.000 1.0000 3.800.000.00 INSTITUTIONAL SHARES bktibto Abil A ira iiANAdtMERY.OL A I ( -2.900.000 1.0000 2.900.000.00 INSTITUTIONAL SHARES FFD 08/31/01 CLOSINGBALANCE 4.227.509.38 TOTAL $.6.823.13834 $11.223.138.34 DIVIDENDS DATE CCSGRPTICIN STMOWCUSIP OUNVTITY RATE iS) AMOUN' CREDIT AMOUNT 08/01/01 TYCO INTERNATIONAL LTD TYC 61.128 0.0125 764.10 REC 07102/01 PAY 08/01/01 027 OS01,01:10:37 001 Vd9G EFTA00197496 CLEARED THRWGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 Dap. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Cc* Mevolech Contm North Beano. New Ye* 11201 3859 STEARNS HERITAGE INTERESTS 7 STATEMENT PERKO Jul/ 28.2001 THROUGH August 31.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER WEBER OR Foe DIVIDENDS (continued) LAST STATEMENT kw 27.2001 OVE DESORPTION STAIDOLOUSIP DUMMY RATE MI DEBIT AMOUNT CREDIT AMOUNT 08/01/01 TYCO INTERNATIONAL LTD Tot 137.50 DIV CHO 11000 SHS SHORT REC 07/02401 PAY 08101/01 TOTAL $-137.50 $764.10 INTEREST DATE DESORPTION STME/WOUSIP QUANTITY RATE IVel DEBIT AMOUNT CREDIT AMOUNT 08/21/01 INTEREST ON CREDIT BALANCE 3.2500 2,898.46 AT 3 1/4% 07/21 THRU 08/20 08/21/01 SHT ACCT FEE 07/21-082001 3,476.24 TOTAL $6.374.70 MISCELLANEOUS DATE MOAT TRANSACTOR DESCRIPTOR DEBIT AMOUNT CAECA AMOUNT 07/30/01 JOURNAL MARK TO MARKET 15,965.00 67/B6/61 .6111,1M. MAAV YOMAKREY FiLSIThsopt 15.965.00 08.106/01 JOURNAL MARK TO MARKET 19,648.00 08/06/01 JOURNAL MARK TO MARKET SHORT P06 19.648.00 ov13/01 JOURNAL MARK TO MARKET 11,980.00 ov13/01 JOURNAL MARK TO MARKET SHORT P06 11.980.00 08/20/01 JOURNAL MARK TO MARKET 11.509.00 08/20/01 JOURNAL MARK TO MARKET SHORT P06 11.509.00 CM7/61 JblinIAL MAAifY011ANREY 12.76 .00 027 OS0101:10:37 001 V496 EFTA00197497 CLEARED THROUGH DS vagX1Y OME0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns Secauks COO. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New York New York 10167 Cc* Metselech Center North Beccidon. New Tuft 11201.3859 STEARNS HERITAGE INTERESTS 8 cln STATEMENT PERIOD Jul/ 28.2001 THROUGH August 31.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER WESER On File MISCELLANEOUS (continued) LAST STATEMENT Jul/ 27. 2001 DATE MaDAT TIUNSACT-CN CESCAIPTCN DEBT AMON, MCAT AMOLNT 08/27/01 JOURNAL MARK TO MARKET SHORT POS 12.762.00 TOTAL $.71.864.00 S71.864.00 End of Statement 027 090101:10:37 031 V096 EFTA00197498 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Seer. Steams Seams/. CO% Bear. Stearns 8 Co. Inc. BffiR 245 Park Avenue New York, New York 10167 hm Mentech Gerd« NOM Eleccid,n. New Ywk 11201.3859 STffiRNS HERITAGE INTERESTS STATEMENT PERM June 30.2001 ACCOUNT EXECUTIVE LICHERMAN.IRA TELEPFIDNE THROUGH July 27.2001 VISIT OUR WESSITE n.mv.bearsleams.com ACCOUNT NUMBER What's In This Statement lllllllllllllllll II TAXPAYER MJIMER On File LAST STATEMENT June 29.2001 Financial Summary 3 HERITAGE INTERESTS 4 FINANCIAL TRUST CO TTEE Your Portfolio Holdings DID 7.30-91 Transaction Detail 5 ATTN JEANIE BRENNAN Fund Activity 6 6100 RED HOOK QUARTER STE B-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash 8 Equvalent — SI 0.004.189 TOTAL VALUE OF SECURITIES THIS PER/DD 9.518.273 ffi fiffitinws55=1~ 87.933.463 NET CREDIT BALANCE 1.399.798 510,898.553 : S-1.380.280 Equities MONEY MARKET FUND BALANCE 8,604.371 • 1111. `=,, ttn , 512,684,855 : S-1.477.400 Cunent market value NET EQUITY THIS PERIOD $19.522.442 ggia Last statements market value Short market value NET EOUITY LAST STATEMENT 19,140.918 CHANGE SINCE LAST STATEMENT 381.524 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roza capon any cliforwoo or no/wweig ol &woks or Data. «Pealed as dolhoma la you. nn 'Lorain/ ale otIRWAXIAI pwposes only a k ref «ended asa tar downort lo Clioni Sinew; al 800134-1428: or %no lo Clam Sonlcos at Bow. &waif@ Swwlios Tees staterned shored be neared for your records See revers* cp rr rroonore ~mat« CO". One MoYolecli COMP North. ElrooN>n, NY 11201.3859 027 07.2001:10:18 001 W1.92 EFTA00197499 CLEARED 1NROUON RS YrisekLY 0"E0 SUBSIDIARY Beer. SZeirns SON, t4,1 COO. Ceol.letsolech Cantot North Broeklln• New Volt 11201.3859 HERITAGE INTERESTS 2 or 7 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 022801:10:18 001 1/4.92 EFTA00197500 CLEARED 1HRWGH ?RIMY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns Sava* COO. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Cc* Mevolech Carat North Beccidon. New Year 11201.3559 STEARNS HERITAGE INTERESTS 3 STATEMENT PERM June 30.2001 THROUGH Jul 27.2001 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER MAGER Ofl File THIS PERIOD CeENIN3 CLOSING LAST STATEMENT June 29.2001 Opening Balance $1.333.463.05 Cash 8,765.37 76,465.02 Securities Sold 1,935,648.29 Margin 56.397.30 104.018.30 Money Fund 4,371.04 Short 1,268,300.38 1,219,314.28 Funds Deposited 2,872,727.64 Net Cash Balance $1,333,463.05 $1,399,797.60 Dividendsanterest 40,913.62 Amount Credited $4.853.660.59 Money Fund -2,004.371.04 Income Summary THIS PERIOD YEAR TO DATE Funds Withdrawn -210.898.00 Dividends 40.910.36 118,860.78 Dividendsanterest Charged -4.800.00 Credit Balance Int. 939.40 24,552.14 Miscellaneous -2.567.257.00 Total $41,849.76 $143,412.92 Amount Debited 8-4.787.326.04 Your Portfolio Net Cash Activity 66,334.55 Allocation Closing Balance $1,399,797.60 Portfolio Composition Same Oaf Prams or eats, bemoan mccuri Rpm aro net includo0 in MP scram. such 161110211. as won at Ootals lot al ore. IfinSWAY He ponocl $ LONG appeal in Trarozocn Deal. Cast,'Cash Equivalent 10.004,169 Equities 1.380.280 10.898,553 Cash & Equwalenr Total $1.380.280 $20.902,722 45% Equities 49% Short Equities — 6% Unt.oacl pomons °ono* oat Diana anciv Owl motet veva Tho elocalm I:events-0 is awed Item Ua obsolso morktn rat), 01 >v.? polio» 027 D7,2601:10:18 001 V4S2 EFTA00197501 CLEARED THRouGH Rs nom ," OBB.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Steirns SOC,nt*/ CO:8 Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Ore /Actsetech Canty Norm Beecmon. New VC* 11201.3859 STEARNS HERITAGE INTERESTS 4 STATEMENT PERM June 30.2001 THROUGH July 27.2001 Your Portfolio Holdings Acccuyi NUMBER CASH & CASH EQUIVALENTS TAXPAYER KAISER On Pk LAST sTATELIENT June 29.2001 MONEY ESTRUM DE-SUMMON SMOOLELISP OUANTITY PACE Eau( ANNUAL NEOLIE CASH BALANCE 1.399.798 DREYFUS CASH MANAGEMENT-CL A DICOX 8.604.371.04 1.0000 8.604.371 352,779 INSTITUTIONAL SHARES TOTAL CASH & CASH EQUIVALENTS $10,004,169 $352,779 EQUITIES Equities & Options ACCT PAAFIKE7 ESTIMIED CURFO/T DESCP.10/4 SAIBOL'OUSIP TIME ouwnil PRCE VALLE ANNA. INCOME YEW I* MEDTRONIC INC MDT CASH 113,961 48.5500 5.532.807 26.211 0.4737 PNC FINANCIAL SVCSGROUP INC PNC CASH 32,472 64.5900 2.097.366 62.346 2.9726 PNC FINANCIAL SYCSGROUP INC PNC SHAY -10,000 64.5900 -645.900 -19.200 2.9726 TYCO INTERNATIONAL LTD TYC CASH 61.000 53.5800 3.268.380 3.050 0.0933 TYCO INTERNATIONAL LTD TYC SHRT -11.000 53.5800 -589.380 -550 0.0933 CALL TYCO INTL OCT 055 - TYCJ55 CASH -500 2.9000 -145.000 ee 10/2=001 Total Equities& Options $9,518,273 $71,857 TOTAL EQUITIES $9,518,273 $71,857 YOUR TOTAL ESTIMATED ANNUAL INCOME $424,636 YOUR PRICEDPORTFOLIOHOLDINGS $19,522,4.41 027 DP2841:10:18 001 V482 EFTA00197502 CLEARED THROUGH ITS niCkLY CAMEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,r44,1 Gory. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New Y New York 10167 0 -414cm:tech Center North Beccidon. New Ye* 11201.3859 STEARNS HERITAGE INTERESTS 5 STATEMENT PERroo June 30.2001 THROUGH 88/ 27. 2001 Transaction Detail ACCOUNT NUMBER TAXPAYER AMMER On FIk INVESTMENT ACTIVITY LAST STATEMENT June 29.2001 SETTLEMENT TRADE DATE DATE TRANSACT/3N DESORPTION SOIE/OLOLISC GAMY PHOE DEBT AMOUNT MCC AMOUNT 07/13/01 JOURNAL PNC FINANCIAL SVCSGROUP INC PNC 9,405 JOURNAL FROM TYPE 2 TO I 07/13/01 JOURNAL PNC FINANCIAL SVCSGROUP INC PNC -9,406 JOURNAL FROM TYPE 2 TO I 07/18/01 07/13/01 SOLD PNC FINANCIAL SVCSGROUP INC PNC -30,000 64.36610 1,929,116.13 UNSOUCITED 07/18101 07/13101 SOLD TYCO INTERNATIONAL LTD NC -128 51.44440 6,532.16 UNSOLICITED TOTAL $1,935,648.29 DEPOSITS AND WITHDRAWALS DATE TRAAISA.CTft DESORPTION 0011 AMOUNT CREDIT AMOUNT 07/02/01 FND WIRED WIRED TO 174,484.00 FEW06328 $ COMING FROM REPO 07/02/01 FUNDS REC ENDSWIRED TO CITIBANK FROM at NJ 2.872.727.64 07/09/01 END WIRED WIRED TO 36.414.00 TOTAL $-210.898.00 $2.872.727.64 027 07,2801:10:18 001 V482 EFTA00197503 CLEARED THROUGH ITS Yn10LLY 0%1P.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. 948,4s Se4A444 COO. Bear. Stearns & CO. Inc. BEAR 245 Park Avenue New Y New York 10167 Ore Mon:tech Card“ North eeccidon. New Year I I201.3SS9 STEARNS HERITAGE INTERESTS 6 STATEMENT PEF000 June 30.2001 THROUGH Juit 27.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMBER OR File MONEY FUND ACTIVITY LAST STATEMENT June 29.2001 DATE MOIDAY TRAN,StCTION DESCRIPTION SYMBOUCVSIP awry prect DEBIT AMOUNT CREDIT AMOUNT 06/30/01 OPENINGBALANCE 6.600.000 07/02/01 DIVIDEND payrfitikaSMGEMENT-CA. A DICCX 4,371.04 MONTHLY DIVIDEND 07/02/01 REINVEST DREYFUS CASH MANAGEMENT-CA. A DICCX 4.371.04 4.371.04 INSTITUTIONAL SHARES DIVIDEND REINVESTED 07/24/01 BOUGHT DREYFUS CASH MANAGEMENT-CA. A DICCX 2.000.000 1.0000 2.000.000.00 INSTITUTIONAL SHARES BU FD 07/27/01 CLOSINGBALANCE 8,604,371.04 TOTAL $-2.004,371.04 $4.371.04 DIVIDENDS DATE DESCRPTIN SYAIDOLCUSIP OUNYTITY PATE (S) DEBIT AMOUNT CREDIT AMOUNT 07/16/01 PNC FINANCIAL SVCS GROUP INC PNC 4.800.00 DIV CHG 10000 SHS SHORT REC 07/1301 PAY 07/24/01 07/24/01 PNC FINANCIAL SVCS GROUP INC PNC 62,472 0.4800 29,988.56 REC 07/1301 PAY 07/24/01 07/27/01 MEDTRONIC INC MDT 113,961 0.0575 6,552.76 REC 07/0601 PAY 07/27/01 TOTAL $-4.800.00 $36.539.32 027 072901:10:18 001 V482 EFTA00197504 CLEARED THROUGH ITS ?RIMY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szewns Sec‘,444 Coro. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New Y New York 10167 CeoLlevetech Cant“ North Beccidon. New Year 11201.3859 STEARNS HERITAGE INTERESTS 7 STATEMENT PERK* June 30.2001 THROUGH July 27.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER WESER Cfl file INTEREST LAST STATEMENT June 29.2001 DATE DESORPTION STMEICIIGUSIP OUPASITT RATE I14/ DEBT AMOUNT CREDIT AMOUNT 07/23/01 INTEREST ON CREDIT BALANCE 3.5000 32.60 AT 3 1/2% 06121 THRU 06/26 07/23/01 INTEREST ON CREDIT BALANCE 3.2500 906.80 AT 3 114% 06127 THRU 07/20 07/23/01 SHT ACCT FEE 0621-072001 3,434.90 TOTAL $4.374.30 MISCELLANEOUS DATE MD:DAT TRANSACTCN DESCRIPTION DEBIT AMOUNT CREDIT AlICVNT 07/02/01 JOURNAL T0047-30185 2,567,257.00 PER WA 67/6±iivi J6UANAL MAAI1 YOlviANREt 10.400.00 07/02/01 JOURNAL MARK TO MARKET SHORT POS 10,900.00 07/09/01 JOURNAL MARK TO MARKET 28.300.00 07/09/01 JOURNAL MARK TO MARKET SHORT POS 28,300.00 07/16/01 JOURNAL MARK TO MARKET 16050.00 07/16/01 JOURNAL MARK TO MARKET SHORT POS 15,050.00 07/23/01 JOURNAL MARK TO MARKET 6,629.00 07/23/01 JOURNAL MARK TO MARKET SHORT POS 6629.00 TOTAL 6-2,628,136.00 $60.879.00 End of Statement 027 07•28/01:10:18 001 WW2 EFTA00197505 CLEARED THROUGH nS vrtiCkLY CMY.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Steaun SOCuut.tt COO. Bear. Stearns & Co. Inc. BEAR 245 Path Avenue New York New York 10167 Cc* Metrotech Cantor HMO Beccrofn. Hew VC* 1120/3559 STEARNS HERITAGE INTERESTS ACCOUNT EYEC...,- .vE CHERMAN.IRA STATEMENT PERIOD May 26.2001 TELEPHONE THROUGH June 29.2001 VISIT OUR WEBSITE nmv.uearstearrts.com ACCOUNT NUMBER What's In This Statement 1111,111111111111 II TAXPAYER Aum3ER On File LAST STATEMENT May 25.2001 Financial Summary 3 HERITAGE INTERESTS FINANCIAL TRUST CO TTEE Your Portfolio Holdings 4 DTD 7.30.91 Transaction Detail 5 ATTN JEANIE BRENNAN Fund Activity 5 6100 RED HOOK QUARTER STE B-3 Your Messages 6 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Important Message Please note: You may find Cash a Equvalent 57.933.463 more than one statement TOTAL VALUE OF SECURITIES THIS PERIOD 11,207,455 •ISP $1.329.456 in this envelope. Beginning NET CREDIT BALANCE 1,333,463 $12.680.855 : $-1.477.400 this month. all statements Equities with the same Address and MONEY MARKET FUND BALANCE 6,600,000 $12.632.296 : $-1.640.750 Social Security number / Taxpayer Identification Current market value NET EQUITY THIS PERIOD $19,140,918 number are being mailed In EN Last statements market value one envelope. For further C Short market value details. please contact your NET EQUITY UST STATEMENT 12,321,002 account executive. CHANGE SINCE LAST STATEMENT 6,819,916 There are no 'Stop Loss' orders or other pending buy or sell open orders on tile for your account. P1050 roped ally Mame a ruoroctiot of tucks or socks. nelicolcul as doltrotort to pfu. b Cleol Sonic°. al 800611.1128: a 'Mt to Clem SONIC.. a Boat smarm sccumes On. Duo lActokulf Coolly North. °rooffro. NY 112014050. SK INS fuTITOPP1 br miOrufftforml rants only RUM fronded Han dafinfer1 llvs statorneC should bantams; for your words So rova a fa mortar/ nrainatim 027 MS0,0123:28 001 Y481 EFTA00197506 CLEARED 1HRCO3H nS WHOLLY OWNED SUBSIDIARY Bear. SIWAS Seanl*Rf Cm0. Ono Llettotech Conte North Brock/on. New York 11201.3859 HERITAGE INTERESTS 2 ol STATEMENT BACKER IS PRINTED ON THIS PAGE 027 06,30,0123:28 001 WI81 EFTA00197507 CLEARED 1HRWGH nG niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. SZeirns S0N, t4,1 Cory. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New YY New York 10167 Cc* Mem:tech Centel North Beccidon. New Ye* 11201 3559 STEARNS HERITAGE INTERESTS 3 STATEMENT PERIOD May 26.2001 THROUGH June 29.2001 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER AMBER On File RC PEN® YEAR TO DATE THIS PERICO LAST STATEMENT May 25.2001 Opening Balance $1.329.456.21 Dividends 0.00 77,950.42 Credit Balance Int. 60.70 23,612.74 Funds Deposited 6,600,000.00 Total $60.70 $101,563.16 Dividends/Interest 4.006.84 Amount Credited 96.604.006.84 Money Fund -6.600.000.00 Portfolio Composition Amount Debited 8-6.600.000.00 SNORT LONG Net Cash Activity 4,006.84 Cash/Cash Equivalent 7.933,463 Equities 1,477,400 12,684,855 Closing Balance $1 333 463.05 Same dot 'seine et nen et. , e: ant oat eche:Wm 0in Total $1,477,400 $20,618,318 Vence such trenztes a ... ),•4( IfifiSYDNIS INS paned. ,{peal In trancett.:6 Dot4i Your Portfolio Allocation Cash Balance Summary CLOSING Cash 8,704.67 8,765.37 Margo 10,669.30 56,397.30 Cash & Equivalent Short 1,310,082.24 1.268.300.38 36% Net Cash Balance $1,329.456.21 $1.333.463.05 Equities 58% Short Equities 6% Uneelte pons's emote oat "nonce onto 'Mn male vela, The elevehm ;event'', tepee." Item Va Mnol.te market rabeems patio", 027 MS0,0123:28 001 V4.81 EFTA00197508 CLEARED THROUGH ITS LIIICLLY OWLE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 COO. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Ore Metmlech Car:tog North BecciOon. New Ye* 11201.3859 STEARNS HERITAGE INTERESTS 4 STATEMENT PER100 May 26.2001 THROUGH June 29.2001 Your Portfolio Holdings ACCCUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER MASER OR File LAST STATEMENT May 25.2001 MARKET ESTMATED DESCRPTION STMOOLCUSP COMM PRCE VALLE ANNUAL WALE CASH BALANCE 1.333.463 DREYFUS CASH MANAGEMENT-CL A DICCX 6,600,000 1.0000 6.600.000 303,600 INSTITUTIONAL SHARES TOTAL CASH & CASH EQUIVALENTS $7.933,463 $303,600 EQUITIES Equities & Options ACCT IAARKET (STEWED CURFENT DESCP..'}QN SVMBCIJOJSIP TIPS warm PRCE VALLE ARKIN. INCOME YELD MEDTRONIC INC MDT CASH 113,961 46.0100 5.243.346 26,211 0.4999 PNC FINANCIAL SVCSGROUP INC PNC CASH 53,067 65.7900 3.491.278 101.889 2.9184 PNC FINANCIAL SVCSGROUP INC PNC MRGN 9,405 65.7900 618.755 18.058 2.9184 PNC FINANCIAL SVCSGROUP INC PNC SHRT -10.000 65.7900 -657.900 -19.200 2.9184 TYCO INTERNATIONAL LTD TYC CASH 61,128 54.5000 3.331.476 3,056 0.0917 TYCO INTERNATIONAL LTO NC SHRT -11,000 54.5000 -599,500 -550 0.0917 CALL NCO INTL OCT 055"" TYCJ55 CASH -500 4.4000 -220.000 ET 10/2012001 Total Equities& Options $11,207,455 5129.464 TOTAL EQUITIES $11.207.455 5129.464 YOUR TOTAL ESTIMATED ANNUAL INCOME $433.064 YOUR PRICEDPORTFOLIOHOLDINGS $19.140.918 02/ 06 3:.0' :2321. 071 V481 EFTA00197509 CLEARED THROUGH ITS 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns S0N, t4,1 Cory. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 OtoLlevelech Cella North Beccidon. New Year 11201.3859 STEARNS HERITAGE INTERESTS 5 v/ STATEMENT PERIOD May 26.2001 THROUGH June 29.2001 Transaction Detail ACCOUNT NUMBER TAXPAYER AMBER On FIk DEPOSITS AND WITHDRAWALS LAST STATEMENT May 25.2001 DATE TRANSACDCN DESCRV1CN CEBIT AMOUNT CREDIT AMOUNT 06/25/01 FUNDS REC FNDS WIRED TO CITIBANK FROM 6,600,000.00 -1111 TOTAL $6.600.000.00 MONEY FUND ACTIVITY DATE moon TRANSACTION DESCRIPTION SYLIDOUCLISIP OUANTITY PkCE DEBIT AMOUNT CREDIT AMOUNT 05/26/01 OPENINGBALANCE 0.00 06/25/01 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICCX 6.600.000 1.0000 6.600.000.00 INSTITUTIONAL SHARES BUY FD 06/2001 CLOSINGBALANCE 6,600,000 TOTAL SC.600,000.00 INTEREST DATE DESCRIPTION SYMBOUCLISIP °unsay RATE we DENT AMOUNT CREDIT AMOUNT 06/21/01 INTEREST ON CREDIT BALANCE 3.5000 60.70 AT 3 1/2% 05.121 MAU 06/20 06/21/01 SHT ACCT FEE 05/21-0620 01 3:946.14 TOTAL $4.006.84 021 06.3001:2328 031 v.181 EFTA00197510 CLEARED THROUGH ITS vniCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON•44,1 COO. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York NEW York 10167 Ore Mevolech Cella North Beccidon. New Year 11201.3859 STEARNS HERITAGE INTERESTS 6 r. STATEMENT PERIOD May 26.2001 THROUGH June 29.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER WESER Cel FIk MISCELLANEOUS LAST STATEMENT May 25.2001 DATE Mat/AT TRMVSACTCN DESCRIPTVN DEBIT AMOUNT CREPT M/OJNT 05/29/01 JOURNAL MARK TO MARKET 5,667.00 05/29/01 JOURNAL MARK TO MARKET SHORT POS 5,667.00 06/04/01 JOURNAL MARK TO MARKET 5,850.00 06/04/01 JOURNAL MARK TO MARKET SHORT POS 5,850.00 06/11/01 JOURNAL MARK TO MARKET 17.649.00 Se, ii 1 Jb1ttS1AL AA l'aiitliRLI"5151ir 17.ka§.bb ok1iVel1 JOIMAL FAAAiCY6144041 5. . S& live J6UMAL fvfAAI1 YO 'MARKET tHLSIArtte 5,t.ito.bb 06125/01 JOURNAL MARK TO MARKET 13.916.00 06/25/01 JOURNAL MARK TO MARKET SHORT PCS 13,916.00 TOTAL 5.68,762.00 $68,762.00 Your messages Confirmation: Unless we hear from you to the contrary, It is our understanding that any tree credit balances in your account are being maintained to facilitate your intention to invest such amounts through us, End of Statement 027 OG3001:23:28 001 V481 EFTA00197511 CLEARED THRCOGH nS vAiCu.Y OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOLPIT Beer. Steams SOMAII*1 COO Bear. Stearns 8. Co. Inc. BEAR 245 Park Avenue New York New York 10167 Ono lientoch Coma H00.11 Brock/f11. New Vod 1120/3859 STEARNS HERITAGE INTERESTS ACCOUNT EXECUTIVE ZI3REHMAN.IRA STATEMENT PERKO April 28.2001 TELEPHONE THROUGH May 25.2001 VISIT OUR WEBSITE wiew.uea'stearns.com ACCOUNT NUMBER What's In This Statement IIIIIIIIIIIIIIIII II TAXPAYER NuallER On FIR LAST STATEMENT Aga 27.2001 Financial Summary 3 HERITAGE INTERESTS FINANCIAL TRUST CO TTEE Your Portfolio Holdings 4 DTD 7.30-91 Transaction Detail 5 ATTN JEANIE BRENNAN 6100 RED HOOK QUARTER STE 8-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Important Message In an effort to deliver TOTAL VALUE OF SECURITIES THIS PER)DD 10.991.546 Cash 8 Eqinalent —001:. $1.329'456 statements to you more SI.823.296 efficiently. Bear Steams NET CREDIT BALANCE 1.329.456 has enhanced the Equines — $12.632.296 : 5-1.640.750 distribution of statements $12.464.024 5-1.523.270 to household accounts. NET EQUITY THIS PERIOD $12.321.002 Beginning in June.all ME Current market value statements with the same NET EOUITY LAST STATEMENT 12.764.050 gag Last statements market value Address and Social Security C Short market value number/ Taxpayer CHANGE SINCE LAST STATEMENT -443.048 identification number wit be mailed in a single envelope. For lurther details. please contact your There are no 'Stop Loss' orders or other pending buy account executive. or sell open orders on file for your account. Roza /opal any Offoronoo a rasioula of ChOCkS or stooks. odicolal as 01011030X1 10 p5/1. 'Owen,' for hlawabirwl papims ray. It Is not Mended natal alonwert b Gent SoMon al 80004-1428: a yet to Clam Santos a Boa. Stearn SauMos 0,9. One MOON,' Cala North. Swaim NY I I2014.59 Sr an Tin suremara about be retain for your records Sn morn on for rowan namonal 027 DE.2601:i 0:08 001 v478 EFTA00197512 CLEARED 1HRCO3H nS WHOLLY OWNED SUBSIDIARY Bear. SIWAS Seanl*Rf COO Ono Llettotech Conte North Brock/on. New York 11201.3859 HERITAGE INTERESTS 2 ol STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0526,01:10:08 001 W178 EFTA00197513 CLEARED 1HRWGH ITS vniCkLY 0‘11‘.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Saiv. Stews& Secintit, Can. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Ore Movolech CaMot North Becck/on. Hew Tuft 11201.3859 STEARNS HERITAGE INTERESTS 3 STATEMENT PERIOD *II 28.2001 THROUGH May 25.2001 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER Ofl File DC REMO YEAR TO DATE THIS PERICO LAST STATEMENT *11 27.2001 Opening Balance $1.823.295.74 Dividends 764.10 77.950.42 Credit Balance Int. 1.403.48 23.552.04 Dividends/Interest 6.160.47 Total $2,167.58 8101,502.46 Amount Credited $6.160.47 Funds Withdrawn -500.000.00 Amount Debited $-500.000.00 Portfolio Composition Net Cash Activity -493.839.53 SHORT LONG Cash/Cash Equivalent 1.329,456 Closing Balance $1 329 456.21 Equities 1,640.750 12.632,296 Bar* aoI Tannin of cash Imitation actor. twos mo not Induladh1014 same, such Van,lett as won w Souls lot al MN WanSaCIANS HL wad. await in Rare-Now Dotal. Total $1,640.750 813,961.752 Your Portfolio Allocation Cash Balance Summary CPUs fiG CLOSNG Cash 6,537.09 8,704.67 Cash 8 Equivalent Margin 563,648.30 10,669.30 8c Short Equities — Short 1,253,110.35 1,310,082.24 Net Cash Balance $1.823,295.74 61.329.456.21 Equities 82% Untodocl pomons Sono* soot caned sn5t shol matet wavy VA, el0V300, percent:9, Is delved Von, to absokoe frorke1 vakm 01 ITV psOcilo 027 052601:10:0B 001 V478 EFTA00197514 CLEARED THROUGH ITS WIIOUY OW,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns S0N, t4,1 COO. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 0-c Mon:tech Coram North Beccidon. New Ye* I 1201.38S9 STEARNS HERITAGE INTERESTS 4 STATEMENT PERIO0 April 28.2001 THROUGH May 25.2001 Your Portfolio Holdings ACCCAJNT maw., CASH & CASH EQUIVALENTS TAXPAYER MASER On He LAST STATEMENT *II 27.2001 PMRKET ESTMATED DESCRPRON SYMBOLCUSIP OUAN'ITI PRCE VALLE ANNUAL TOCOME CASH BALANCE 1.329.456 TOTAL CASH & CASH EQUIVALENTS $1.329.456 EQUITIES Equities & Options ACCT WW1 ESTIMATED EARIFENT DESCRP7)O/4 SYMBOLCUSIP TYPE OUANTITT PACE VALLE ANNUAL INCOME VELD IY4 MEDTRONIC INC MDT CASH 113,961 42.5000 4.843.343 22,792 0.4706 PNC FINANCIAL SVCSGROUP INC PNC CASH 53.067 69.1500 3.669.583 101,889 2.7766 PNC FINANCIAL SVCSGROUP INC PNC MRGN 9,405 69.1500 650,356 18,058 2.7766 PNC FINANCIAL SVCSGROUP INC PNC SHRT -10,000 69.1500 -691,500 -19,200 2.7766 TYCO INTERNATIONAL LID TYC CASH 61.128 56.7500 3.469.014 3,056 0.0881 TYCO INTERNATIONAL LID TYC SHRT -11.000 56.7500 -624,250 -550 0.0881 CALL TYCO INTL OCT 055- TYCJ55 CASH .500 6.5000 -325.000 CO 10/20/2001 Total Equities& Options $10.991.546 $126.045 TOTAL EQUITIES $10,991.546 $126,045 YOUR TOTAL ESTIMATED ANNUAL INCOME $126.045 YOUR PRICEDPORTFOLIOHOLDINGS $12,321.002 027 COS,26131:10:08 001 V478 EFTA00197515 CLEARED THRWGH ITS CAM.EO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns S0N, t4,1 Cory. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Ore Montech Contm NOM Beccidon. New Tuk 11201.3859 STEARNS HERITAGE INTERESTS 5 STATEMENT PERIOD Apr0 28.2001 THROUGH May 25.2001 Transaction Detail ACCOUNT! NUMBER TAXPAYER POWER Cfl File INVESTMENT ACTIVITY LAST STATEMENT *Il 27.2001 SETTLEMENT 10.40E DATE DATE TRANSACTION DESORPTION STMOLCUSJP WANTITY PRCE DEEMAMOUNT CREW MOUNT 05/04/01 JOURNAL PNC FINANCIAL SVCSGROUP INC PNC -9,405 JOURNAL FROM TYPE 1 TO 2 05/04/01 JOURNAL PNC FINANCIAL SVCSGROUP INC PNC 9,405 JOURNAL FROM TYPE 1 TO 2 TOTAL DEPOSITS AND WITHDRAWALS DATE TRANSACTCN DESORPTION DEBIT AMOUNT CREDIT AMOUNT 05/02/01 FND WIRED WIRED TO 500.000.00 $-500.000.00 DIVIDENDS al,E DESORPTION STIABOLCUSIP OUOMITY PMEMI CEDT miouN- C.4C11 M/CUPil 05/02/01 TYCO INTERNATIONAL LTD TYC 61,128 0.0125 764.10 REC 04/02/01 PAY 0542/01 TOTAL 5764.10 027 03/28/01:10:08 v4/8 EFTA00197516 CLEARED THROUGH ns vngsly °ME° SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZPAns SOC.A.MI COP. Bear. Stearns & Co. Inc. BUR 245 Park Avenue New Y New York 10167 0-4 Momlea Cantec NOM Becdoon. New VC* 11201 3859 STEARNS HERITAGE INTERESTS 6 STATEMENT PERIOD Ppril 28.2001 THROUGH May 25.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER M. On File INTEREST LAST STATEMENT April 27.2001 DATE DESORPTION STMOCIICUSIP CAMPITY RATE IV DEPT AMOUNT CREPT AMOUNT 05/21/01 INTEREST ON CREDIT BALANCE 3.5000 71.42 AT 3 1/2% 05115 THRU 05/20 05/21/01 INTEREST ON CREDIT BALANCE 4.0000 1,332.06 AT 4.000% 04/21 THRU 05114 05/21/01 SHT ACCT FEE 0421-0520 01 3,992.89 TOTAL $5.396.37 MISCELLANEOUS DATE AKADAT TRANSACTION DESCRIPTION DEBIT AMOUNT CREPT AMOUNT 05/07/01 JOURNAL MARK TO MARKET 37,060.00 05/07/01 JOURNAL MARK TO MARKET SHORT POS 37,060.00 05/14/01 JOURNAL MARK TO MARKET 14,430.00 65/14/61 JOJArIAL MirleiVANRErgiottr bS 14,4x6.00 05/21/01 JOURNAL MARK TO MARKET 104,469.00 05/21/01 JOURNAL MARK TO MARKET SHORT POS 104,469.00 TOTAL $.-155.959.00 $155,959.00 End of Statement 027 052601:10AM 001 V478 EFTA00197517 CLEARED IHRaIGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Geer. Reams Seam*. Gap Bear. Stearns & Co. Inc. BffiR 245 Park Avenue New York, New York 10167 Ctm Mentech Cool« North Elecck/m. Nevi To* 1120/.3559 STffiRNS HERITAGE INTERESTS ACCOUNT EXECUTIVE GIC.MEHMAN.IRA STATEMENT PERO) March 31.2001 TELEPHONE THROUGH *11 27.2001 VISIT OUR WEBSITE iymv.uewstearns.com ACCOUNT NUMBER What's In This Statement lllllllllllllllll II TAXPAYER WEISER ON File LAST STATEMENT March 30.2001 Financial Summary 3 HERITAGE INTERESTS FINANCIAL TRUST CO TTEE Your Portfolio Holdings 4 DID 7.30-91 Transaction Detail 5 ATTN JEANIE BRENNAN 6100 RED HOOK QUARTER STE B-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash S fourslent M 21;9,618.872 TOTAL VALUE OF SECURITIES THIS PEEK/0 10.940.754 4 NET CREDIT BALANCE 1.823.296 NET EQUITY THIS PERIOD $12.764.050 Equities P 612.464.024 : S-1.523.270 $12.087.617 : $.1.240.530 IN Current market value NET EOUITY LAST STATEMENT 14,295.959 gig Last statements market value Short market value CHANGE SINCE LAST STATEMENT -1.531.909 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roza repel oaf clIbrohoo a rawocoict ol chocks or slocks. ~Cobd as dolhoral lo >to. TNnanynarY n lot snive ls ral bladed anti. Manse« lo [tool Smia» al 800434442B: a vat b Mont SoNlcos at Bow. Stearn Securnos Caw . Ogb MeaokM Cook. North. Brodbn, NY II201.3859 Sr Tas saleroom shosa be retained to, your records Mo renew sao fa rroalort ~matron 027 0e2801:17:05 001 V471 EFTA00197518 CLEARED 1NROUON RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. 0 -41.1evolech Cantot North Broeklln• New Volt 11201.3859 HERITAGE INTERESTS 2 or e STATEMENT BACKER IS PRINTED ON THIS PAGE 027 042801:17:05 001 V471 EFTA00197519 CLEARED 1HRWGH era vnsOUv CMe.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear. Sewers SOC,M*1 Cap. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 O-41km:tech Cella North Becck/on. New Year 11201.3859 STEARNS HERITAGE INTERESTS 3 STATEMENT PERIOD March 31.2001 THROUGH Apra 27.2001 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER WEBER Cel File THIS PEFICO CLOSNO LAST STATEMENT Wirth 30.2001 Opening Balance $3,448,871.98 Cash 908.704.60 6,537.09 Funds Deposited 839.00 Margin 1,422,007.20 563.648.30 Dividends Interest 48,522.26 Shod 1,118,160.18 1,253.110.35 Amount Credited $49,361.26 Net Cash Balance $3,448,871.98 $1,823,295.74 Funds Withdrawn -1,670.000.00 Dividends/Interest Charged -4.937.50 Amount Debited Income Summary $-1 674 937.50 DC PERIM YEN' TO DATE Net Cash Activity -1,625.576.24 Dividends 35.684.61 77,186.32 Credit Balance Int. 8,438.98 22,148.56 ClosingBalance $1 823 295.74 Same day tension o cash between =oil Wee ate not included in we Total $44,123.59 $99,334.88 mike: such nit as well as *Mb lc. all other Iransachore OM period. appear in Tramp:lion Doled. Your Portfolio Allocation Portfolio Composition $-1,AT LCNO Cash 8 Equivalent- 12% Cash/Cash Equivalent 1.823.296 N Short Equities Equities 1,523,270 12.464.024 9% Total $1,523,270 $14287,320 Equities 79% Unsealed croons 0en,* Over tnio, o, *NW Or, market vela, The plorahri rertemar is awed bran he absoLa market rat), oi >vv patkno 027 04.260i:i7:06 001 V471 EFTA00197520 CLEARED THROUGH ITS ~MY OtM•ED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Stetrns Off. Bear. Stearns & Co. Inc. BffiR 245 Park Avenue New York. New York 10167 Cr.* Metsolech Conte< North Beccmp. New Ye 1, 112014859 STffiRNS HERITAGE INTERESTS 4 vi STATEMENT PERO) March 31.2001 THROUGH April 27.2001 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER AMMER On File LAST STATEMENT Match 30.2001 MARKET (STRIATED DESORPTION SNABOLCUSP OUANTiTY PRICE VALLE ANNUAL NOOME CASH BALANCE 1.823.296 TOTAL CASH & CASH EQUIVALENTS $1,823,296 EQUITIES Equities & Options ADO! MAWS ESTM411ED WRFC« DESORPTION swam:awe TYPE ouunTy PRCE VALLE ANNUAL INCOME YELD I%/ MEDTRONIC INC MDT CASH 113,961 44.2500 5.042.774 22,792 0.4520 PNC FINANCIAL SVCSGROUP INC PNC CASH 62,472 66.1800 4.134.397 119,946 2.9012 PNC FINANCIAL SVCSGROUP INC PNC SHRT -10.000 66.1800 -661200 -19,200 2.9012 TYCO INTERNATIONAL LTD TYC CASH 61.128 53.7700 3.286.853 3,056 0.0930 TYCO INTERNATIONAL LTD TYC SHRT -11.000 53.7700 -591,470 -550 0.0930 CALL TYCO INTL OCT 055 "" TYCJ55 CASH -500 5.4000 -270,000 ET 10/20/2001 Total Equities& Options $10.940,754 $126.044 TOTAL EQUITIES $10.940,754 $126.044 YOUR TOTAL ESTIMATED ANNUAL INCOME $126,044 YOUR PRICED PORTFOLIOHOLDINGS $12.764.049 027 04)20.01:17:C6 001 V471 EFTA00197521 CLEARED THROUGH ITS (AM•E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns S0N, t4,1 SNP Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New York. NEW York 10167 Ore Mon:tech Cantm North 0eock11n. New To* 11201.3859 STEARNS HERITAGE INTERESTS 5 v/ STATEMENT PERIOD March 31.2001 THROUGH Apra 27.2001 Transaction Detail ACCCUNT NUMBER TAXPAYER KINSER On File DEPOSITS AND WITHDRAWALS LAST STATEMENT Much 30.2001 DEBIT AIAOINT CREDIT AMOUM WIRED TO 170,000.00 FO#02725 04/24/01 FND WIRED KiftED TO 1,500,000.00 FD#02183 04/25/01 DEPOSIT IPPER 00 HERITAGE INTER 839.00 CHASE TOTAL $-1.670.000.00 $839.00 DIVIDENDS DATE DESCRPTION STMEICUCUSIP CAMNiire RATE (I) DEBIT AMOU'r CRECIT AVM, 04/16/01 PNC FINANCIAL SVCS GROUP INC PNC 4,800.00 DIV CHG 10000 SHS SHORT REC 04/13101 PAY 04/2401 04/24/01 PNC FINANCIAL SVCS GROUP INC PNC 62.472 0.4800 29.986.56 REC 04/13101 PAY 04/2401 04/26/01 TYCO INTERNATIONAL LTD TYC 137.50 DIV CHG 11000 SHS SHORT REC 04/02/01 PAY 05102/01 04/27/01 MEDTRONIC INC MDT 113.961 0.0500 5.698.05 REC 04106101 PAY 04/27,01 TOTAL $.4.937.50 $35.684.61 027 04280117:05 001 V471 EFTA00197522 CLEARED THROUGH ITS wilekLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, PRI OR>. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Cc* Mevolech Cantet North Beccidon. New Year 11201.3859 STEARNS HERITAGE INTERESTS 6 STATEMENT PERIOD March 31.2001 THROUGH Apra 27.2001 Transaction Detail (continued) ALOCUNT NUMBER TAXPAYER MOSER Cfl File INTEREST LAST STATEMENT MUER 30.2001 DATE DESORPTION SYMEICCOUSIP OUPARITY RATE IY4 CERT AMOUNT cREDIT AMOUNT 04/23/01 INTEREST ON CREDIT BALANCE 4.0000 696.34 AT 4,000% 04/18 THRU 04/20 04/23/01 INTEREST ON CREDIT BALANCE 4.5000 7,742.64 AT 4 1/2% 03121 THRU 04/17 04/23/01 SHT ACCT FEE 03/21-04 20 01 4,39967 TOTAL $12.837.65 MISCELLANEOUS DATE MDOAT TRANSACTOR DESCRIPTOR DEBIT AMOUNT CREDIT AMOUNT 04/02/01 JOURNAL MARK TO MARKET 34.869.00 04/02/01 JOURNAL MARK TO MARKET SHORT P06 34.869.00 04/09/01 JOURNAL MARK TO MARKET 19879.00 6444/61 Jautiani AAifYOMANREV ritSlArPtie 16.079. 04/16/01 JOURNAL MARK TO MARKET 53,699.00 04/16/01 JOURNAL MARK TO MARKET SHORT P06 53.699.00 04/23/01 JOURNAL MARK TO MARKET 63,800.00 04/23/01 JOURNAL MARK TO MARKET SHORT P06 63.800.00 04/24/01 JOURNAL JOURNAL FROM TYPE 2 TO 1 722.869.90 04/24/01 JOURNAL JOURNAL FROM TYPE 2 TO 1 722,869.90 TOTAL $-892,116.90 $892.116.90 End of Statement 027 042801:17:05 001 V471 EFTA00197523 CLEARED THROUGH nS WHOLLY 01M.ED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear. Steams Secv-Un Corp Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New York New York 10167 Cue tlentech Cooler North Elecck//n. lie* veer 1120/3959 STEARNS HERITAGE INTERESTS STATEMENT PERIOD February 24.2001 ACCOUNT EXECUTIVE Z:CHERMAN.IRA TELEPACCE THROUGH March 30.2001 VISIT OUR WEEGITE ivmv.uentearrs.com ACCOUST NUMBER What's In This Statement III I I I1111111 II TAXPAYER NUMBER LAST STATEMENT February 23.2001 Financial Summary 3 HERITAGE INTERESTS FINANCIAL TRUST CO TTEE Your Portfolio Holdings 4 DTD 7.30-91 Transaction Detail 5 ATTN JEANIE BRENNAN Your Messages 7 6100 RED HOOK QUARTER STE B-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Important Notice Decimal Trading is Here for 53.448.872 TOTAL VALUE OF SECURITIES THIS PERK* 10.847.087 Cash s Equivalent —.MI Nasdaq! xtrESSi $1.948206 Decimal Trading is the shift NET CREEPY BALANCE 3,448.872 $12.087.617 : $-1.240.530 from fractional pricing Equine $13.160.805 : 5-1.451.580 (e.g.21 1e2) to decimal NET EQUITY nes PERIOD $14.295.959 pricing (e.g.521.50)1,3r IN Current market value equities and options. IN Last statements market value Nasdaq securities have NET EOUITY LAST STATEMENT 13.657.431 been phased in during March I=I Short market value CHANGE SINCE LAST STATEMENT 638.528 and the remaining securities are scheduled to be trading in decimals in April. There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. For details. visit our website at YThYtbearstearns. com. Plo.vo mood 00( Offoracoo a notwocoint of teaks or stocks. eldicalod as <karma to p5u. lo Gant Sonic*. at 80004-1128: a veto to Clam SONIC.). at Bow. Steam &cantos Ca9. One lactobre Ceres Hoek Bredlye NY. la0bSBES gh tin PAYETurY a For mfrmwsensl W eems cab *Bra "landed as a M. dowsed ltre stemma amid be retained for your records See revers* ode fcr rrocdart nrommton 027 cciaboi:17:01 001 Va66 EFTA00197524 CLEARED 1NROUON RS YiHMV 0"E0 SUBSIDIARY Beer. Szewee Secwititi GOO. Ce4 Meal:tech Cord NOM Beccidon. Hew VC* 11201.3859 HERITAGE INTERESTS 2 o1 7 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 cammi 17:01 001 V466 EFTA00197525 CLEARED 1HRWGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Steirns S0C,r,t4e Can‘ Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Cc* Nets I cc h Comet NOM ettd001. New To* 11201.3859 STEARNS HERITAGE INTERESTS 3 STATEMENT PERIOD February 24.2001 THROUGH Mardi 30.2001 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER WESER THIS PEFICO OPENN3 CLOSNO LAST STATEMENT February 23.2001 Opening Balance $1,948,206.36 Cash 0.00 908.704.60 Securities Sold 308,237.16 Margin 569.670.07 1,422,007.20 Funds Deposited 4,689.13 Short 1,378.536.29 1,118,160.18 Dividends/Interest 11,755.13 Net Cash Balance $1,948,206.36 $3,448,871.98 Miscellaneous 1,256,099.20 Amount Credited $1.580.780.62 Securities Bought -80.115.00 Income Summary Ddb PERICO YEAR TO DATE Amount Debited $-80.115.00 Dividends 128.00 41,501.71 Net Cash Activity 1,500,665.62 Credit Balance Int. 6.639.24 13,709.58 Closing Balance $3,448,871.98 Total $6.767.24 $55,211.29 Same def tensions ci cash balsam accost byes ate not included in iles Your Portfolio ;ocean: sue, Irene/era as well as details Ica as slur Iransacicre eis aided. Allocation appeal in TtaftliClaaa Dotal. Portfolio Composition LOW Cash & Equivalent CasttiCash Equivalent 3,448,872 21% Equities 1,240.530 12,087,617 Total 81.240.530 $15,536,489 Short Equi 7% Equities 72% Unshaded demons canoe oat bean, antler shoe maitat vaLea The elorahr revenue, ta awned !ism Be absoa.te market .-oleo of >ev pee,» 027 03/3601:17:01 001 Va66 EFTA00197526 CLEARED 1HRCAJGH ITS YRACkLY OtWED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Stetrns Ø. Bear. Stearns 8 Co. Inc. BffiR 245 Park Avenue New York. New York 10167 Cr.* Metsolech Conte< North Brock/pl. New Te" 112014859 STffiRNS HERITAGE INTERESTS 4 STATEMENT PERK» ~Wiry 24.2001 THROUGH March 30.2001 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER AMMER LAST STATEMENT Fetwuwy 23.2001 MARKET ESTMATED DESORPTION SYMBOLCUSP ouurno PACE VALLE ANM AL INCOME CASH BALANCE 3.448.872 TOTAL CASH & CASH EQUIVALENTS $3.449,872 EQUITIES Equities & Options ADC! MAWS ESTIMATED CURFOR DESORPTION symeot.tuso TYPE ousuiso PACE VALLE ANMJAL INCOME YEN IT4 MEDTRONIC INC MDT CASH 113,961 45.7400 5,212.576 22,792 0.4373 PNC FINANCIAL SVCSGROUP INC PNC CASH 62,472 67.7500 4,232,478 119.946 2.8339 PNC FINANCIAL SVCSGROUP INC PNC SHRT -10.000 67.7500 -677.500 -19.200 2.8339 TYCO INTERNATIONAL LTD TYC CASH 61.128 43.2300 2.642.563 3.056 0.1156 TYCO INTERNATIONAL LTD lye SHRT -11.000 43.2300 -475,530 -550 0.1157 CALL TYCO INTL OCT 055 "" TYCJ55 CASH -500 1.7500 -87,500 ET 10/20/2001 Total Equities& Options $10.847.087 $126.044 TOTAL EQUITIES $10.847.087 $126.044 YOUR TOTAL ESTIMATED ANNUAL INCOME $126.046 YOUR PRICED PORTFOLIOHOLDINGS $14.295.958 027 02/3IDI:l7:01 001 IMES EFTA00197527 CLEARED THRWGH ITS wuCLLY 095.EO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeirns SON,449 C0115 Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 0-4 Met:Limn Cantec North &wort New Year 11201.3859 STEARNS HERITAGE INTERESTS 5 vl STATEMENT PERIOD February 24.2001 THROUGH March SO.2001 Transaction Detail ACCCUNT NUMBER TAXPAYER NUUSER INVESTMENT ACTIVITY LAST STATEMENT PebruEuy 23.2001 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPTION SYTABONCLISIP WANTITY NICE DEBIT AMOUNT GRECO' AMOUNT 03/06/01 03/05/01 SOLD CALL NCO IND. OCT 055**** ONCJ55 -500 6.20000 308,237.16 EXP 10120/2001 CUSIP MIMBER TO FOLLOW. UNSOLICITED OPEN CONTRACT beibly61 041:5,61 'OWN' tYtaient AP 646 dfr 500 0.84220 ,e1 . ElP 04/219031 CUSIP NUMBER TO FOLLOW. UNSOUCITED CLOSING CONTRACT 03/14,01 03/13/01 BOUGHT CALL PNC FINL GRP MAY 075 OPNCEO 500 0.70000 36,502.50 SIP 05119/2001 UNSOLICITED CLOSING CONTRACT TOTAL 3-80.115.00 $308.237.16 DEPOSITS AND WITHDRAWALS DATE IRMISACTOI DESCAP'ICN DEBIT AMOUNT CREDIT AMOUNT 03/21/01 FUNDS AEC FF/ME J TO CITIBANK FROM 4,689.13 TOTAL e4.689.13 027 maim 17:01 DDT V488 EFTA00197528 CLEARED THROUGH ITS niCkLY CA1h.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. szeirns socv,ht, Cory. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue 0-41km:tech Coram North Beccmon. New Ye* I I201.3SS9 STEARNS New Y New York 10167 HERITAGE INTERESTS 6 STATEMENT PERIOD February 24.2001 THROUGH March 30. 2001 Transaction Detail (continued) ACCCUNIT wormer, TAXPAYER WEBER DIVIDENDS LAST STATEMENT February 23.2001 D4-E DESCRPTION STMOCIUMISIP MAMMY RATE IQ DEBIT AMOUNT CREDIT AMOUNT 03/13/01 JOHNSON& JOHNSON JNJ 400 0.3200 128.00 REC 02/20/01 PAY 03/1301 TOTAL $128.00 INTEREST DATE DESCRIPTION SYNE/CUM/SIP aMAITITY RATE 1%) DEBIT AMOUNT CREDIT AMOUNT 03/21/01 INTEREST ONCREDIT BALANCE 4.5000 287.79 AT 4 1/2% 03/20 THRU 03/20 03/21/01 INTEREST ON CREDIT BALANCE 5.0000 6,351.45 AT 5,000% 02/21 THRU 03/19 03/21/01 SHT ACCT FEE 02'21032001 4,987.89 TOTAL $11,627.13 MISCELLANEOUS DATE MOAT TRANSACTION DESCRIPTION DEED AMOUNT CREPT AMOUNT 02/26/01 JOURNAL MARK TO MARKET 99.456.00 02/26/01 JOURNAL MARK TO MARKET SHORT POS 99,456.00 03/01/01 JOURNAL JOURNAL FROM TYPE 2 TO 1 669.126.07 03/01/01 JOURNAL JOURNAL FROM TYPE 2 TO 1 669,126.07 03/01/01 JOURNAL FROM: XPK/102-16490.2-USD 1.256.099.20 • JAL 03/05/01 JOURNAL MARK TO MARKET 14,209.00 03/05/01 JOURNAL MARK TO MARKET SHORT POS 14.209.00 027 nom 17:01 001 IMES EFTA00197529 CLEARED THROUGH ITS ?RIMY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SON, t4,1 COO. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. NEW York 10167 Ore Meesetech Center North Beccidon. New Tuft 11201.3859 STEARNS HERITAGE INTERESTS 7 CI STATEMENT PER100 February 24.2001 THROUGH March 30.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER WESER MISCELLANEOUS (continued) LAST STATEMENT February 23.2001 DATE 143:DAT TRANSACTCN DESCRIPTDN DEBIT AMOUNT CREPT AMOUNT 03/12/01 JOURNAL MARK TO MARKET 26459.00 03/12/01 JOURNAL MARK TO MARKET SHORT POS 26,659.00 03/19/01 JOURNAL MARK TO MARKET 136.380.00 03/19/01 JOURNAL MARK TO MARKET SHORT POS 136,380.00 03/26/01 JOURNAL MARK TO MARKET 17.078.00 03/26/01 JOURNAL MARK TO MARKET SHORT POS 17,078.00 TOTAL $-962.908.07 $2,219.007.27 Your messages Bear, Stearns Securities Corp. Net Capital and Net Capital Requirements: At November 30, 2000 and January 26, 2001, the Companys net capital of $2,620,960,000 and $2,761,817,000 was approximately 9% and 10% of aggregate debit items and exceeded the minimum regulatory net capital requirement of $572,456,000 and $559,381,000 by $2,048,504,000 and $2,202,436,000, all respectively. A complete copy of the Bear, Steams Securities Corp. Statement of Financial Condition is available on the web site wrom,bearstearns,com. Alternatively, to request a free printed copy please call • toll free 1.866.299-9331, 027 03131101:17:01001 EFTA00197530 CLEARED THROUGH ITS witC5LY 00580 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Stearns SO0,1081 0019 Bear. Stearns & Co. Inc. BEAR 245 Path Avenue New York. New York 10167 (2-41.1etsolech Cadet North aro:kW% Hew VC* 11201.3859 STEARNS HERITAGE INTERESTS ACCOUNT EXECUTIVE Z f-FaHMAN.IRA STATEMENT PER100 January 27.2001 TELEPHONE THROUGH February 23.2001 VISIT OUR WEBSITE www.uearstearrts.com ACCOUNT NUMBER What's In This Statement IIIIIIIIIIIIIIIII II TAXPAYER 1111/513ER LAST STATEMENT January 26.2001 Financial Summary 3 HERITAGE INTERESTS FINANCIAL TRUST CO TTEE Your Portfolio Holdings 4 DTD 7.30.91 Transaction Detail 5 ATTN JEANIE BRENNAN Your Messages 14 6100 RED HOOK QUARTER STE B-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash 8 Equvalent p1,948.206 TOTAL VALUE OF SECURMES THIS PERM 11,709,225 82.652.775 NET CREDIT BALANCE 1,948.206 $13.160.805 : $-1.451.580 Equities $14.700.848 : 5.1.982.755 NET EQUITY THIS PERIOD $13,657,431 Current market value NET EQUITY LAST STATEMENT Last statements market value 15,370,868 C Short market value CHANGE SINCE LAST STATEMENT -1,713,436 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roza roped sof swoon a cowmen of dud's or socks. nelicolal as doltroroa 10 p5u. Ada. Ths wrowYmics mT00/511101111pawns k flooded natal 8Carner1 lo Clem Swam a 800611.1128: a net to Clom SONIC.. a 8020. Slane swumos llvs Materna% should be Maned for your records Soo memo a he roponart nfcmnaton Cap.. Co. lActoIali Coolly Nosh. Browyn, NY II20141,59 022 02.240i:2032 001 EFTA00197531 CLEARED 1NROUON RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.letsolech Cantot North Broeklln• New Volt 11201.3859 HERITAGE INTERESTS 2 or 14 STATEMENT BACKER IS PRINTED ON THIS PAGE 02? 0244,01:20:42 001 EFTA00197532 CLEARED 1HRWGH era niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeIrns SOCunt4,1 COO. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Ore Mem:tech Center North Beccidon. New Year 11201.3859 STEARNS HERITAGE INTERESTS 3 STATEMENT PER100 January 27.2001 THROUGH February 23.2001 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER WESER THIS PERICO CPENNO CLOSING LAST STATEMENT January 26.2001 Opening Balance $2,652,774.82 Cash 778.470.00 0.00 Securities Sold 1,170,420.47 Margin 624.874.00 569.670.07 Funds Deposited 150.000.00 Short 1,249,430.82 1,378.536.29 Dividendstinterest 11,448.07 Net Cash Balance $2,652.774.82 $1,948,206.36 Amount Credited $1,331,868.54 Funds Withdrawn -2,036.437.00 Amount Debited $-2 036 437.00 Income Summary THC3PERIDO YEAR TO DATE Net Cash Activity -704.568.46 Dividends 889.10 41,373.71 Credit Balance Int. 4,973.50 7,070.34 ClosingBatance $1 948 206.36 Sarno day tensions o cash bylaw mcost Wee an not included in Mb Total $5,862.60 $48,444.05 Dalian: such nit as well as *Mb lor all other Iransachore tic period. Mom in Transedion ENNA Your Portfolio Allocation Portfolio Composition LONG Cash 8 Equivalent- 12% CashiCash Equivalent 1.948,206 Short Equities-. Equities 1.451.580 13.160,805 8% Total $1.451.580 $15,109,011 Mask:Wed ;croons canoe oat been°, *Nit, shoe mance votes The olocahr rertenur is clewed Man to absoLte mart.: rat), al yev pallono 027 02/24,01:20:42 001 EFTA00197533 CLEARED THROUGH 11S wittily On1h.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,r44,1 COO. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 0 -41km:tech Cella N00.11 Becenon. New Year 11201.3859 STEARNS HERITAGE INTERESTS 4 4/ '4 STATEMENT PER100 January 27.2001 THROUGH February 23.2001 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER RIMER LAST STATEMENT January 26.2001 IMRKET (STRIATED DESORPTION STIABOLCUSP OUANTiTY PRCE VALUE ANNUAL BICOIAE CASH BALANCE 1.948.206 TOTAL CASH & CASH EQUIVALENTS $1,948,206 EQUITIES Equities & Options ADO! MARKET ESTRIATW CAMFOR DESORPTION SYMBOLCUSIP TYPE OLIANDTY PACE VALE ANNUAL INCOIAE VELD IY4 MEDTRONIC INC MDT CASH 113,961 48.9500 5.578.391 22,792 0.4086 PNC FINANCIAL SVCSGROUP INC PNC CASH 62.472 68.7500 4.294.950 119.946 2.7927 PNC FINANCIAL SVCSGROUP INC PNC SHRT -10.000 68.7500 -687,500 -19.200 2.7927 CALL PNC FINL GRP MAY 075a" PNCEO CASH -500 2.2000 -110.000 DP 05/19/2001 TYCO INTERNATIONAL LTD TYC CASH 61.128 53.7800 3.287.464 3.056 0.0930 TYCO INTERNATIONAL LTD TYC SHRT -11.000 53.7800 -591,580 -550 0.0930 CALL NCO INTL APR 060 TYCD60 CASH -500 1.2500 -62,500 DP 04/21/2001 Total Equities& Options $11,709.225 $126.044 TOTAL EQUITIES $11.709.225 $126.044 YOUR TOTAL ESTIMATED ANNUAL INCOME 8126.046 YOUR PRICEDPORTFOLIOHOLDINGS $13.657.431 027 0244.01:20:42 001 EFTA00197534 CLEARED THROUGH ITS wilekLY 0%M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 COO. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Ore Mon:tech Contm NOM Beccidon. New VC* 1120/3859 STEARNS HERITAGE INTERESTS 5 c/ '4 STATEMENT PER100 January 27.2001 THROUGH February 23.2001 Transaction Detail ACCCUNT NUMBER TAXPAYER AILAA3ER INVESTMENT ACTIVITY LAST STATEMENT January 26.2001 SETTLEIAEN1 TRADE DATE DATE TRANSACTION DESCRPTION STMIOLCUSP ovAneure PRICE DEIST AMOUNT MDT AMXtCr 02/20/01 RECEIVED AOL TIME WARNER INC AOL 500 901 02/20/01 RECEIVED ACE LTD-ORD ACL 700 901 02/20/01 RECEIVED ALZA CORP AZA 600 901 02/20/01 RECEIVED AMERICAN INTERNATIONAL GROUP AIG 500 INC 901 02/20/01 RECEIVED AMGEN INC AMGN 300 901 02/20/01 RECEIVED BED BAN & BEYOND INC BBBY 700 901 02/20/01 RECEIVED CONSTELLATION ENERGY GROUP INC CEG 600 901 02/20/01 RECEIVED CITIGROLIP INC C 700 901 02/20/01 RECEIVED CISCO SYSTEMS INC CSCO 1,200 0901 02/20/01 RECEIVED CLOROX CO CLX 500 901 02/20/01 RECEIVED COCA COLA CO KO 200 901 02/20/01 RECEIVED COLGATE PALMOLIVE CO CL 500 901 02/20/01 RECEIVED COMDISCO INC CDO 600 901 02/20/01 RECEIVED COMPUTER SCIENCES CORP CSC 700 901 02/20/01 RECEIVED DOVER CORP DOV 500 901 027 0224:01:20:42 001 EFTA00197535 CLEARED THRWGH ITS wilecLY 0%M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOP,r,PRI Dory. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York New York 10167 Cc* Mevalech Car:1m N00.11 eni:k/0/1. New Year 11201.3859 STEARNS HERITAGE INTERESTS 6 4/ '4 STATEMENT PERIOD January 27.2001 THROUGH February 23.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER NUIA3ER INVESTMENT ACTIVITY (continued) LAST STATEMENT January 26.2001 SETTLEMENT TRADE DATE DATE TRANSACTION DESCTG'TION SrMEICLCuSP QUANTITY pFrCE DEBIT AMOUNT CHEM MAXI M 02/20/01 RECEIVED DUKE ENERGY CORP DUK 1,200 FORMERLY DUKE POWER CO 901 aa%36l61 Ann/ 6 gitiiiMattnirlatiOn & d6 1% lab 901 02/20/01 RECEIVED EMC CORP-MASS EMC 200 901 bkr2bibi AtUfvE6 gUtiKlUideit takt, xogi /so 901 02/20/01 RECEIVED ELAN CORP PLC-ADR ELN 235 901 02/20/01 RECEIVED FIRSTAR CORP WIS-NEW FSR 2,300 901 02/20/01 RECEIVED ELECTRONICS INTERNATIONAL FLEX 400 LTD 901 02/20/01 RECEIVED GENERAL DYNAMICS CORP GD 200 901 02/20/01 RECEIVED HISPANIC BROADCASTING CORP HSP 300 CL A 901 02/20/01 RECEIVED HOME DEPOT INC HD 700 901 02/20/01 RECEIVED HOUSEHOLD INTERNATIONAL INC HI 500 901 02/20/01 RECEIVED ILLINOIS TOOL WORKS INC I1W 100 901 02/20/01 RECEIVED INTERNATIONAL BUSINESS IBM 200 MACHINES CORP 901 02/20/01 RECEIVED INTERNATIONAL PAPER CO IP 200 901 027 0244,01:20:42 001 EFTA00197536 CLEARED IHRCOGH ITS ~MY (AMED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet SZeIrns Ø. Bear. Stearns & Co. Inc. BffiR 245 Park Avenue New York. New York 10167 Cr.* Metseleen Conte< North Beak/pl. New Yak 11201.3859 STffiRNS HERITAGE INTERESTS 7 w '4 STATEMENT PERK* January 27.2001 THROUGH February 23.2001 Transaction Detail (continued) ALEC-BIT NUMBER TAXPAYER AMMER INVESTMENT ACTIVITY (continued) LAST STATEMENT January 26.2001 SETILDJENT TENDE DATE DA, /RANSACK* DESCRPTION SYMBOL CUSP Oar , PRCE DEE« AMOUNT CTEOI ANOINT 02/20'01 RECEIVED JUNIPER NETWORKS JNPR 200 0901 02/20/01 RECEIVED JOHNSON& JOHNSON JNJ 400 901 02/20/01 RECEIVED KELLOGG CO K 1.000 901 02/20/01 RECEIVED ESTEE LAUDER COMPANIES INC EL 1.000 CL A 901 02/20/01 RECEIVED ELI LILLY & CO LLY 250 901 02/20/01 RECEIVED MGIC INVESTMENT CORP-WISC MTG 800 901 02/20/01 RECEIVED NORTEL NETWORKS CORP NT 600 0901 02/20/01 RECEIVED NESTEL COMMUNICATIONS INC-CL A NXIL 300 901 02/20/01 RECEIVED ORACLE CORP ORCL 900 0901 02/20/01 RECEIVED PFIZER INC PFE 500 901 02/20/01 RECEIVED ROYAL DUTCH PETROLEUM CO RD 300 NYREGISTRY (DO 1,2SM) P 901 02/20/01 RECEIVED SCHERING PLOUGH CORP SGP 200 901 02/20/01 RECEIVED SUNMICROSYSTEMS INC SUNW 1,000 0901 02/20/01 RECEIVED SBC COMMUNICATIONS INC SBC 600 901 02/20/01 RECEIVED TYCO INTERNATIONAL LTD TYC 800 901 027 022401:20:42 001 EFTA00197537 CLEARED THROUGH ITS vngkiv °ME° SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saee•ns SON, t4,1 COO. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York New York 10167 Ore Mon:tech Ow:1m North Beccidon. New Yak 11201.3859 STEARNS HERITAGE INTERESTS 8 4/ '4 STATEMENT PER100 January 27.2001 THROUGH February 23.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER NUIA3ER INVESTMENT ACTIVITY (continued) LAST STATEMENT January 26.2001 SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION STIMOLCUSIP CAMAINIY pROE DEIST AMOUNT MOT API:XtCr 02/20101 RECEIVED TELLABS INC TUB 200 901 02/20/01 RECEIVED TIFFANY & CO NEW TIF 600 901 02/20/01 RECEIVED UNITED TECHNOLOGIES CORP UTX 300 901 02/20/01 RECEIVED WASHINGTON MUTUAL INC WM 900 901 02/20/01 RECEIVED WAL-MART STORES INC WMT 500 901 02/22_/01 02/16/01 SOLD AOL TIME WARNER INC AOL -500 49.30070 24,597.02 UNSOUCIIED 02/22/01 02/16/01 SOLD ACE LTD-ORD ACL -700 37.80000 26,406.61 UNSOUCIIED 02/27/01 02/16/01 SOLD ALZA CORP AZA .600 42.42910 25,404.11 UNSOUCIIED SEE NOTE'S' ON BACK 02/27/01 02/16/01 SOLD AMERICAN INTERNATIONAL GROUP AIG -500 86.60960 43,250.85 INC UNSOUCIIED 02/22/01 02/16/01 SOLD AMGEN INC AMGN -300 71.87750 21,560.03 WITH FUGHTS TO PURCHASE COMMON STK UNDER CERTAIN CIRCUMSTANCE WE MAKE A MKT Rd THIS SECURITY REPORTED PRICE 71 15/16 DIFFERENCE - 0.060000 02/22/01 02/16:01 SOLD BED BAN & BEYOND INC BBBY -700 26.30350 18,409.33 UNSOUCIIED WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REQUEST UNIT PRICE 26,375000 DEFERENCE - 0.071500 AS OF 02)16131 027 0244,01:20:42 001 EFTA00197538 CLEARED IHRCOGH OS voo>AY 0OnE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeIrns Cap Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New YY New York 10167 CeoLleveleen Cent« North Beeciam. New Te" 112014859 STD;RNS HERITAGE INTERESTS 9 STATEMENT PERK* January 27.2001 THROUGH February 23.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMMER INVESTMENT ACTIVITY (continued) LAST STATEMENT January 26,2001 SETREMENT TRADE DATE DATE TRANSACT/ON DESORPTION SYMBOLDLISP ~ROY PRICE DENT AMOUNT CRECIT ~UHT 02/27J01 02/16/01 SOLD CONSTELLATION ENERGY GROUP INC CEG -600 42.47080 25,429.13 UNSOLICITED 02/22/01 02/16/01 SOLD CITIGROUP INC C -700 54.85100 38,341.92 UNSOUCITED 02/22/01 02/16/01 SOLD CISCO SYSTEMS INC CSCO -1.200 28.00250 33,599.37 WE MAKE A MKT IN THIS SECURITY REPORTED PRICE 28 1/16 DEFERENCE - 0.060000 02/22/01 02/16/01 SOLD CLOROX CO CLX -500 36.36880 18,131.28 UNSOLICITED bkr2k/I11 6±/18,161 86L5 'LA K -200 5 .8 70 11.71 .24 UNSOLICITED 02/22/01 02/16/01 SOLD COLGATE PALMOLIVE CO CL -500 59.02500 29.459.01 UNSOLICITED 02/22J01 02/16/01 SOLD COMPUTER SCIENCES CORP CSC -700 63.73570 44.561.00 WITH RIGHTS TO PURCHASE PREFRD STK UDDER CERTAIN CIRCUMSTANCE UNSOLICITED 02/22/01 02116/01 SOLD DOVER CORP DOV -500 4038530 20,339.47 WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE UNSOLICITED 02/22J01 02/16/01 SOLD DUKE ENERGY CORP DIE -1,200 41.34650 49,539.64 FORMERLY DUKE POWER CO UNSOLICITED 02/22/01 02/16/01 SOLD E I DU PONT DE NEMOURS 8. CO DD -100 43.45000 4,292.35 UNSOLICITED 02/22/01 02/16/01 SOLD EXXON MOBIL CORP XOM -250 84.29000 21.019.29 UNSOLICITED IMEXI''''' ''''''''S grATTE8111313Celln ?IN -S5 54.63370 12.785.48 UNSOLICITED 02/22/01 02/16/01 SOLD FIRSTAR CORP WIS-NEW FSR -2,300 23.37740 53.625.72 UNSOLICITED 027 02/24.01:20:42 001 EFTA00197539 CLEARED 1HRWGH niCkLY 0%M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, 14,1 COO. Bear. Stearns & Co. Inc. BUR 245 Park Avenue New Y New York 10167 Cc* Mon:tech Cantm North Beccidon. New Year 11201.3859 STEARNS HERITAGE INTERESTS 10 STATEMENT PERIOD January 27.2001 THROUGH February 23.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER NU1A3ER INVESTMENT ACTIVITY (continued) LAST STATEMENT January 26.2001 SETTLEMENT TRADE DATE DATE TRANSACTOR DESCRIPTION STMOOLGUS, OVAMIlY micE ow AMOUNT CREDIT MOUNT 02/22/01 02/16/01 SOLD GENERAL DYNAMICS CORP GD -200 68.40180 13,627.40 UNSOLICRED 02/22/01 02/16/01 SOLD HOME DEPOT INC HD -700 43.00810 30,052.16 UNSOLICITED 02/22/01 02/16/01 SOLD HOUSEHOLD INTERNATIONAL INC HI -500 58.75000 29,321.52 WITH RIGHTS TO PURCHASE PREFRD SW UNDER CERTAIN CIRCUMSTANCE UNSOLICITED 02/22/01 02/16/01 SOLD ILLINOIS TOOL WORKS INC ITW -100 64.02100 6.349.38 UNSOLICITED bararbi ei6 toth flYEATati614AL taiNgt§ 114. 0000 x.7156.79 MACHINES CORP UNSOUCITED 02/22/01 02/16/01 SOLD INTERNATIONAL PAPER CO IP -200 37.35000 7,417.25 UNSOUCITED 02/22/01 02/16/01 SOLD JUNIPER NETWORKS JNPR -200 81.89640 16,376.23 WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REOUEST UNIT PRICE 81(956400 DFFEREnCE - 0.060000 02/22/01 02/16/01 SOLD JOHNSON& JOHNSON JNJ -400 93.35000 37.286.25 UNSOLICITED 02/22/01 02/16/01 SOLD KELLOGG CO K -1,000 27.53410 27,470.68 UNSOLICITED 02/22/01 02/16/01 SOLD ESTEE LAUDER COMPANIES INC EL -1,000 39.58600 39,522.18 CL A UNSOLICITED 02/22/01 02/16/01 SOLD ELI LILLY & CO LLY -250 73.44610 18,308.41 UNSOLICITED 5MOBI'''''WIT161'''''''' kilgtincntiliffat6gPX4gd biYG 60.46170 4.915.94 UNSOLICITED 02/22/01 02/16/01 SOLD NORTEL NETWORKS CORP NT -600 19.95000 11.917.10 UNSOLICITED 027 0244,01:20:42 001 EFTA00197540 CLEARED IHR000H ITS ~GUY OtM.ED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZetrns Ø. Bear. Stearns & Co. Inc. BffiR 245 Park Avenue New York. New York 10167 0 -.01,1evolcch Conte< North BecciOrn. Nev. Tc6. 11201 3959 STffiRNS HERITAGE INTERESTS STATEMENT PERK* January 27.2001 THROUGH February 23.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMMER INVESTMENT ACTIVITY (continued) LAST STATEMENT January 26,2001 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPTPCIN alwreoLcuen CAJM‘trity PRICE DEBIT AMOUNT CREPT (MOUNT 02/22/01 OV16/01 SOLD ORACLE CORP ORCL -900 24.31500 21,880.27 WITH FOURS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE UNSOUCITED WE MAKE A MKT kV THIS SECURITY REPORTED PRICE 24 318 DEFERENCE - 0,060000 02/22/01 02/16/01 SOLD PRZER INC PFE .500 45.23000 22.561.74 WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE UNSOLICITED 02/27J01 02/16/01 SOLD ROYAL DUTCH PETROLEUM CO RD -300 60.68000 18.150.89 NY REGISTRY (DG 1,25 PM) UNSOLICITED 02/22/01 02/16/01 SOLD SCHERING PLOUGH CORP SGP -200 41.30000 8,207.22 WITH RIGHTS TO PURCHASE COMMON STK UNDER CERTAIN CIRCUMSTANCE UNSOLICITED 02/22/01 02/16/01 SOLD SUNMICROSYSTEMS INC SUNW -1.000 23.06500 23.061.73 WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE WE MAKE A MKT E/ THIS SECURITY REPORTED PRICE 23 1/8 DEFERENCE - 0,060000 02/22/01 02/16/01 SOLD SBC COMMUNICATIONS INC SBC .600 48.02420 28.761.05 UNSOUCITED 02/22/01 02/16/01 SOLD TELLABS INC ILAB -200 49.82540 9.962.24 UNSOLICITED AVG PRICE: DETAILS ON REOUEST UNIT PRICE 50,075400 DEFERENCE - 0,250000 02/22/01 02/16/01 SOLD UNITED TECHNOLOGIES CORP UT% -300 78.41000 23.469.71 UNSOUCITED 0=01 02/16/01 SOLD WAL-MART STORES INC WMT -500 51.86260 25.877.93 UNSOUCITED 027 0224.:01:20:42 001 EFTA00197541 CLEARED THRCOGH DS miCkLY ONnEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SOC.nt*1 Gap. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York New York 10167 Ore Metsclech Contm North Beccidon. New VC* 11201 3859 STEARNS HERITAGE INTERESTS 12 c1 14 STATEMENT PERIOD January 27.2001 THROUGH February 23.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER NUM3ER INVESTMENT ACTIVITY (continued) LAST STATEMENT January 26.2001 SETTLEMENT TRADE DATE DATE TRANS4CnoN DESCRIPTION SYMBOUCUSIP CVANTIIY PRCE DEBIT AMOUNT CREDIT AMOUNT 02/23/01 02/20/01 SOLD COMDISCO INC CDO -600 11.65440 6,939.90 WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE UNSOUCIIED 02/23/01 02120/01 SOLD EMC CORP-MASS EMC -200 55.50000 11.047.13 UNSOUCIIED SEE NOTE '5' ON BACK 02/23/01 02/20/01 SOLD FLEXTRONICS INTERNATIONAL FLEX -400 33.81250 11522.04 LTD UNSOLICITED WE MAKE A MKT IN THIS SECURITY REPORTED PRICE 33 13/16 DEFERENCE - 0.000000 02/23/01 02/20/01 SOLD HISPANIC BROADCASTING CORP HSP -300 23.85000 7.102.26 CL A UNSOUCIIED 02/23/01 02/20/01 SOLD NEXTEL COMMUNICATIONS INC-CL A NXIL -300 24.64250 7.390.00 UNSOUCIIED WE MAKE A MKT IN THIS SECURITY REPORTED PRICE 24 13/16 DEFERENCE - 0.170000 02/23/01 02120/01 SOLD TYCO INTERNATIONAL LTD 1YC -800 57.12360 45,644.85 UNSOUCIIED VSP 800 09/21/0 0 50.44 02/23/01 02/20/01 SOLD TIFFANY 8 CO NEW TIF -600 32.88320 19,676.76 UNSOUCIIED 02/23/01 02/20/01 SOLD WASHINGTON MUTUAL INC WM -900 51.11210 45/42.85 UNSOUCIIED TOTAL $1,170.420.47 027 0224V:20:42 001 EFTA00197542 CLEARED THROUGH ITS niCkLY 0"60 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BON. SZeirns SOC,Nt4,1 DPP. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York NEW York 10167 Cc* Metnlech COMP North &Woo. New VC* 11201 3959 STEARNS HERITAGE INTERESTS 13 x1 14 STATEMENT PER100 January 27.2001 THROUGH February 23.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER NUMBER DEPOSITS AND WITHDRAWALS LAST STATEMENT January 26.2001 DATE TAANSACTa DESCRIT'ION DEBIT AMOuhr CREDIT AMOUNT 02107/01 FND WIRED WIRED TO 36.437.00 F#102666 I 1 9000 02/21/01 FUNDS REC ENDS IMRED TOCITII3ANK FROM 150.000.00 02/22/01 FND WIRED WITIED TO 2.000.000.00 N FOR01156 TOTAL $-2.036.437.00 5150.000.00 DIVIDENDS DATE C€SCRPTION SYME/WCUSIP OUANMY RATE (ST DEBT AMOUNT CREDIT AMOUNT 02/02/01 TYCO INTERNATIONAL LTD TYC 71.128 0.0125 889.10 REC 01;0201 PAY 02112,01 TOTAL $889.10 INTEREST DATE CESCRPTION SYMDDUCUSIP oakum, RATE PH CERT AMOUNT GREW AMOUNT 02/21/01 INTEREST ONCREDIT BALANCE 5.5000 1,393.01 AT 5 1/2% 01/21 THRU 01/30 02/21/01 INTEREST ONCREDIT BALANCE 5.0000 3,980.49 AT 5.000% 01/31 THRU 02/20 02/21/01 SHTACCT FEE 01/21-022001 5.585.47 TOTAL 510.558.97 027 0224.01:20A2 001 EFTA00197543 CLEARED 1HRCOGH ITS wuCkLY OM.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Best. SZeirns Seew.I*1 COO. Bear. Stearns 8, Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Cc* OACCOICCh Conte< North Broeidon. New Tuk 11201.2859 STMRNS HERITAGE INTERESTS STATEMENT PERIOD January 27.2001 THROUGH February 23.2001 Transaction Detail (continued) ACCCUsIT NUMBER TAXPAYER AVLB3ER MISCELLANEOUS LAST STATEMENT January 26.2001 DATE lOaVAY TRANSACTBZN DESCRIPTCN DENT AMOUNT ORBIT MOUNT 01/29/01 JOURNAL MARK TO MARKET 177,074.00 01/29/01 JOURNAL MARK TO MARKET SHORT POS 177,074.00 02/05/01 JOURNAL MARK TO MARKET 19.424.00 02/05/01 JOURNAL MARK TO MARKET SHORT POS 19,424.00 02/08/01 JOURNAL JOURNAL FROM TYPE 2 TO 1 467,224.00 SEISM """lartglkil Jóuwrk VI4/3~2151 4gï,444. 62/ó4/óï J6IffillaL JóuAruk VMC53.4 WM11"62 111,4á7.bó 62/64/61 ANAL J6UANk M144 YOE 11'6 á 117.M7.00 02/12101 JOURNAL MARK TO MARKET 22.020.00 02/12/01 JOURNAL MARK TO MARKET SHORT POS 22,020.00 02120/01 JOURNAL MARK TO MARKET 12.110.00 02120/01 JOURNAL MARK TO MARKET SHORT POS 12,110.00 02/23/01 JOURNAL JOURNAL FROM TYPE 1T02 418,253.07 02/23/01 JOURNAL JOURNAL FROM TYPE 1T02 418,253.07 TOTAL 8-1233.392.07 $1 233 392.07 Your messages 123' during The interest, if any, charged to your account December 2000 was computed on the net debit balance through December 28, The interest, if any, charged to your account during January 2001 is computed from December 29, 2000, 027 02,24,0I:20:42 001 EFTA00197544 CLEARED THROUGH ITS wisColy OHU.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Steirut. SOCoHitt COO. BEAR Bear. Stearns 8 Co. Inc. Sec Metsolech Conte( North 245 Path Avenue Beccioon. Hew Year 11201.3559 STEARNS New York, New York 10167 HERITAGE INTERESTS STATEMENT PERIOD December 30.2000 ACCOUNT EXECUTIVE LICHERMAN.IRA TELEPHONE THROUGH January 26.2001 VISIT OUR WEBSITE IA1 uearstearns.com ACCOUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER WESER LAST STATEMENT December 29.2000 Financial Summary 3 HERITAGE INTERESTS 4 FINANCIAL TRUST CO TTEE Your Portfolio Holdings DTD 7.30.91 Transaction Detail 5 ATTN JEANIE 6100 RED HOOK QUARTER STE B-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Important Message DecimalTrading is Coming! 52.652.775 TOTAL VALUE OF SECURMES THIS PERIOD 12,718,093 Cash Equvalent Decimal Trading is the shift 581.907 from fractional pricing NET CREDIT BALANCE 2,652,775 514.700.848 : 5-1.982.755 (e.g..21 1/2) to decimal Equities wow 516 . 123.02 1 pricing (9.9.321.50)1ot NET EQUITY THIS PERIOD $15,370,868 equities and options. NE Current market value NET EQUITY LAST STATEMENT 16,204,928 gim Last statements market value All trading on NYSE. AMEX. and regional exchanges C Short market value CHANGE SINCE LAST STATEMENT -834,061 will be in decimals effective as of 1/29/01. There are no 'Stop Loss' orders or other pending buy For details. visit our website or sell open orders on file for your account. at www.bearsteams.com. Roma rood aror Ortbronoo a runroctiot of toes or stocks. ocuctood as &Orono to pou. Tel Wm/Pi a fa mTOTIThRoXml rants **Nis ret reartded as a M. clocconerR b Clem Sumo:. of 800614.1428: a swim to mom SONIC.). a Boot SWIM Sccumos Tx ststornorg should barnacled for your words Soo worts We for noolart itrmac,oa Cap.. Co. lActotech Cool, Roth. BrooNyn, NY I120141$0 027 01/27,01:13:44 001 EFTA00197545 CLEARED 'THROUGH ns WI$OUV OMIE0 S0BSIDIARY 808r. Saee•ns Secoalkl COO. Ore lActsolech Cantot North Broeklln• New Tuft 11201.3859 HERITAGE INTERESTS 2 or e STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0147#01:13:44 001 EFTA00197546 CLEARED 1HRWGH 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808r. Saea•ns S0C,mt.t1 Corp. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Cc* Maclean Conte North Becck/on. New Ye* 11201.3859 STEARNS HERITAGE INTERESTS 3 cln STATEMENT PERIOD December 30.2000 THROUGH January 26.2001 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER WEBER THIS PEPoOO OPENIN3 0.09N0 LAST STATEMENT December 29.2000 Opening Balance $81,907.35 Cash 81.907.35 778,470.00 Securities Sold 4,362,833.68 Margin 0.00 624.874.00 Funds Deposited 2,000,000.00 Short 0.00 1,249.430.82 Dividends/Interest 42,581.45 Net Cash Balance $81,907.35 $2.652174.82 Miscellaneous 7,310,706.50 Amount Credited $13,716.121.63 Securities Bought -1,075.254.16 Income Summary THIS PERIOD TEAR 70 DATE Funds Withdrawn -7,470.000.00 Dividends 40.484.61 40,484.61 Miscellaneous -2,600.000.00 Credit Balance Int. 2,096.84 2,096.84 Amount Debited $-11,145,254.16 Total $42,581.45 $42,581.45 Net Cash Activity 2,570,867.47 Your Portfolio Allocation Closing Balance $2.652.774.82 Sam* Oaf vanities of cash batman woad t);o4 we ns IDI s4In the action. such Iranian. as wail z delals to all oiler transztons its panel. Portfolio Composition appear in Tram:oar Dotal. SISCOT LONG Cash & Equivalent- 14% CashiCash Equivalent 2.652.775 Equities 1,982.755 14.700.848 Short Equities 10% Total $1,982,755 $17,353,623 Equities 76% Unshaed croons oeno* oar Diana *nee snot market Wag, MP olocalm ;even's-0 m pe•ued hem Se obsol-m market rat), el )TV palicgo 027 O1i27)O1:13:44 001 EFTA00197547 CLEARED THROUGH ITS OW,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC.r.14.1 Cory. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Ore Metsclech CarrIN NOM Beccidon. New Year 11201.3559 STEARNS HERITAGE INTERESTS 4 STATEMENT PER,00 December 30.2000 THROUGH January 26.2001 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER WESER LAST STATEMENT December 29.2000 MARKET ESTIMATED DESORPTION SYMBOLCUSP QUANTITY PRCE VALLE ANNUAL INCO1AE CASH BALANCE 2.652.775 TOTAL CASH & CASH EQUIVALENTS $2.652,775 EQUITIES Equities & Options ACCT MARKET ESTIMATED CORNBVT DESCkrIOU SYMBOUOUSIP TYPE DUMMY PRCE VALLE ANNUAL INCOME YIRD MEDTRONIC INC MDT CASH 113,961 54.9380 6.260.789 22.792 0.3640 PNC FINANCIAL SVCSGROUP INC PNC CASH 62,472 74.3130 4.642.482 119.946 2.5837 PNC FINANCIAL SVCSGROUP INC PNC SHRT -10.000 74.3130 -743,130 -19.200 2.5837 CALL PNC FINL GRP MAY 075"" PNCEO CASH -500 5.6250 -281,250 DP 051192001 TYCO INTERNATIONAL LTD TYC CASH 61.128 62.1250 3,797,577 3.056 0.0805 TYCO INTERNATIONAL LTD TYC SHRT -11.000 62.1250 -683,375 -550 0.0805 CALL TYCO INTL APR 060- * TYC060 CASH -500 5.5000 -275.000 ET 04/21/2001 Total Equities& Optic:JIM $12.718.093 $126.044 TOTAL EQUITIES $12,718,093 $126,044 YOUR TOTAL ESTIMATED ANNUAL INCOME $126,046 YOUR PRICEDPORTFOLIOHOLDINGS $15,370,867 027 01i27.01:13A4 001 EFTA00197548 CLEARED THROUGH DS ?ROE" OHNE() SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeirns SONr.t.t1 CNN. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Cr.* MetscImh Comer North Bromoon. New York 112014859 STEARNS HERITAGE INTERESTS 5 STATEMENT PER100 December 30.2000 THROUGH January 26.2001 Transaction Detail ACCOUXT NUMBER TAXPAYER KAMER INVESTMENT ACTIVITY LAST STATEMENT December 29.2000 SETTLEMENT TRADE DATE DATE TRANSACT/3N CESCRIPTION 51)180. CUSP Comm PRICE DEER AMOUNT CREDIT NA3UNT 01/02101 12/29/00 SOLD CALL TYCO INTL JAN 055n ** 9021249A6 -500 3.10420 153,452.34 EXP 01/20/2001 CUSIP NUMBER TO FOLLOW. UNSOLICITED OPEN CONTRACT AS OF 12/29/00 01/02/01 12/29/00 SOLD CALL MEDTRONIC JAN 055"- 5850559A6 -300 6.46320 192837.03 OP 0112012001 CUSIP NUMBER TO FOLLOW. UNSOUCITED OPEN CONTRACT 01/02/01 12/29/00 SOLD CALL PNC FINL GRP JAN 070PBW 6934759A5 -500 4.32920 214,700.28 SIP 01120/2001 CUSIP NUMBER TO FOLLOW. OPEN CONTRACT 01/03/01 01/02/01 SOLD CALL NCO INTL JAN 050**** 9021249A6 -210 4.62500 96,384.26 SIP 01/2012001 UNSOLICITED CUSIP NUMBER TO FOLLOW. OPEN CONTRACT AS OF 01/02/01 01/03/01 01/02/01 SOLD CALL PNC FINL GRP JAN 070PBW 6934759A5 -200 2.71880 53.671.68 SIP 0112012001 UNSOUCITED CUSIP NUMBER TO FOLLOW. OPEN CONTRACT 01/22/01 01/19/01 SOLD CALL PNC FINL GRP MAY 075*"' OPNCEO -500 4.50000 223.240.00 SIP 05/1912001 UNSOUCITED CUSIP NUMBER TO FOLLOW, OPEN CONTRACT 01/22/01 01/19/01 BOUGHT CALL NCO INTL JAN 055 °*** 9021249A6 500 6.00000 301,752.50 EXP 01/20/2001 UNSOLICITED CLOSING CONTRACT 027 01/27)01:13:44 001 EFTA00197549 CLEARED THROUGH DS vngkiv °ME° SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 COO. Bear. Stearns & Co. Inc. BUR 245 Park Avenue New Y New York 10167 Ore Metsclech Contm North Beccidon. New VC* 11201.3859 STEARNS HERITAGE INTERESTS 6 STATEMENT PER100 December 30.2000 THROUGH January 26.2001 Transaction Detail (continued) ACCOUVT NUMBER TAXPAYER NUMER INVESTMENT ACTIVITY (continued) LAST STATEMENT December 29.2000 SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION SYMBOLCUSP OVANTITI ProcE DEBIT AMOUNT CREPT MA3UNT 01/22/01 01/19/01 BOUGHT CALL PNC FINL GRP JAN 070PBW 6934759A5 500 1.43750 73,627.50 EXP 01/20/2001 UNSOLICHED OPEN CONTRACT 01/22/01 01/19/01 SOLD CALL TYCO INTL APR 060- OTYCD60 -500 5.62500 279.488.12 EXP 04+21/2001 UNSOuCITF_D CUSIP NUMBER TO FOLLOW. OPEN CONTRACT 01/22/01 JOURNAL CALL TYCO INTL JAN050- * 9021249A6 210 RP 01+20/2001 NE OTYCASO ASSIGNED 02331 01/22/01 JOURNAL CALL PNC FINL GRP JAN 070PBW 6934759A5 200 RP 01,202001 NE OPNCAN ASSIGNED 01681 01/24/01 01/22/01 SOLD TYCO INTERNATIONAL LTD NC -10,000 50.00000 49%880.83 NE OTYCASO 210 ASSIGNED AS OF 01+22/01 01/24/01 01/22/01 SOLD PNC FINANCIAL SVCSGROUP INC PNC -10,000 70.00000 69%724.16 SHORT. NE OPNCAN 200 ASSIGNED AS OF 01/22/01 01/24/01 01/22/01 SOLD PNC FINANCIAL SVCSGROUP INC PNC .10.000 70.00000 699,876.66 SHORT, NE OPNCAN 200 ASSIGNED AS OF 01+22/01 01/24/01 01/22/01 SOLD TYCO INTERNATIONAL LTD TYC •11.000 50.00000 549,704.16 SHORT, NE OTYCASO 210 ASSIGNED AS OF 01+22/01 01/24/01 EXPIRED CALL MEDTRONIC JAN 055"" 5850559AB 300 EXP 01+20/2001 027 01.2701.13:44 00' EFTA00197550 CLEARED THRWGH ITS wilekLY 0%M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet szewns se9m*, COO. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New Y New York 10167 0-4 Meesetech Contm NOM Beano. New VC* 11201.3859 STEARNS HERITAGE INTERESTS 7 STATEMENT PERIOD December 30.2000 THROUGH January 26.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER KAMER INVESTMENT ACTIVITY (continued) LAST STATEMENT December 29.2000 SETTLEMENT TRADE DATE DATE TRANSACTION OESORPTION SYMBOL:CUSP OVANTITY PRCE DEIST AMOUNT GRECO ATAOUNT 01/25/01 01/22/01 SOLD PNC FINANCIAL SVCSGROUP INC PNC -10,000 70.00000 699,874.16 NE OPNCAN 200 ASSIGNED NO SD 01/24/01 AS OF 01/22/01 01/25/01 01/22/01 CANCEL SELL PNC FINANCIAL SVCSGROUP INC PNC 10,000 70.00000 699,874.16 SHORT, NE OPNCAN 200 ASSIGNED NO SD 01/24/01 AS OF 01/22/01 TO CIO. PREVIOUS SELL TOTAL 5.1.075.254.16 $4,362,833.68 DEPOSITS AND WITHDRAWALS DATE TRMISACTCN DESCRPTION DE911 AMOUNT CREDIT MICUNI 01/03/01 FND WIRED 7.300.000.00 01/04/01 FND WIRED 170.000.00 01/04/01 FUNDS REC ENDS WIRED TO CITIBANK FROM 2.000.000.00 TOTAL $-7.470,000.00 $2,000,000.00 DIVIDENDS DATE DESORPTION STMDWICUSIP CVAMITY RATE (S) DEBIT AMOUNT CREDIT AMOUNT 01/24/01 PNC FINANCIAL SVCS GROUP INC PNC 72.472 0.4800 34,786.56 REC 01/12/01 PAY 01/24431 027 01e27F01:13:44 001 EFTA00197551 CLEARED THRWGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet. Szeirns $00",t40 COO. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York NEW York 10167 Cc* Mevoleck Center HMO 0eock11n. Hew VC* I I201.38S9 STEARNS HERITAGE INTERESTS 8 ci STATEMENT PER100 December 30.2000 THROUGH January 26.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMMER DIVIDENDS (continued) LAST STATEMENT December 29.2000 DATE DESCRIPTION STAIDOUCUSIP OUANTITY RATE (Si DENT AMOUNT CREDIT AMOUNT 01/26/01 MEDTRONIC INC MDT 113,961 0.0500 5,698.05 REC 01/05101 PAY 01/26/01 TOTAL 540.484.61 INTEREST DATE CESCRPTKIN STMBOLPCUSIP OUN4MY RATE IV MINT AMOUNT (PEW AMCWIT 01/22/01 INTEREST ONCREDIT BALANCE 6.0000 109.21 AT 6,000% 12/21 THRU 12(28 01=01 INTEREST ONCREDIT BALANCE 5.5000 607.42 AT 5 1/2% 01/03 THRU 01/20 01/22/01 INTEREST ONCREDIT BALANCE 6.0000 1.380.21 AT 6,000% 12/29 THRU 01/02 TOTAL $2,096.84 MISCELLANEOUS DATE MOAT TRANSACTION DESCRIPTION DES:T AMCuta CREPT AAPUNI' 01/02/01 JOURNAL FR 102-1649CPER LOA 7,310,70650 01/05/01 JOURNAL TO 047-30185 2.600.000.00 PER LOMAS OF 1/4/01 01/24/01 JOURNAL JOURNAL FROM TYPE 1 TO 2 624,874.00 01/24/01 JOURNAL JOURNAL FROM TYPE 1 TO 2 624,874.00 TOTAL $-3.224.874.00 57.935.580.50 027 01'2701.13:44 COI EFTA00197552