EFTA00197856

Statements EFTA00197856 CLEARED THROUGH ITS YiHOU.Y 01WED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BON. SOMAS SBOu•itkl Ca0 Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Cbetlevotech Cooler HORN StCCidel. NC* rex 11201.3859 STEARNS INSTITUTIONAL INTERESTS ACCOUNT EXECUTIVE CHERMAN.IRA STATEMENT PER100 December 1.2001 TELEPHONE THROUGH December 3t. 2001 VISIT OUR WEBSITE ono nearstearns.com ACCCUYT NUMBER What's In This Statement IIIIIIIIII1111111 II TAXPAYER NUMBER LAST STATEMENT November 30.200: Financial Summary 3 INSTITUTIONAL INTERESTS 4 FINANCIAL TRUST CO TTEE Your Portfolio Holdings ATTN JEANIE BRENNEN Transaction Detail 5 6100 RED HOOK QUARTER Fund Activity 5 SUITE B-3 Trades Not Yet Settled 6 ST THOMAS VI 00802 Your Messages 7 Your Portfolio at a Glance Market Value of Your Portfolio Important Message II any information regarding Cash 8 Eguvalent 535.401.742 2001interest. dividends. TOTAL VALUE OF SECURITIES THIS PEFUOD 72.600 $35.339.494 miscellaneous income. NET CREDIT BALANCE 599.295 gross proceeds or original Equities 1 972.600 issue discount is required MONEY MARKET FUND BALANCE 34,802.447 971.200 to be reported to the IRS for this account, a MO Current market value Consolidated Form 1099 NET EQUITY This PERIOD $35.474.342 Last statement's market value will be mailed to you by January 31.2002or 1042S NET EQUITY LAST STATEMENT 35,410.694 by March 15.2002. CHANGE SINCE LAST STATEMENT 63.648 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Piro mad oaf CIITOCCODO a rooroon% of &Cal or Mocks. owcauci as doltraoti to 1/...LOTOYani 10, elleclearesel wpm, ally t k ra liallded as a lit downed to Dom Somas of 800404-14211: a ono to Clom SONIC.. a Bow. Steam Saumos Des statemere allow pa retaned for your records Set reverse ode far irrpcclott rearms.= Coup.. One Mee/lab Cool., North. Swaim., NY 1'204859 027 [M020203:34 001 v519 EFTA00197857 CLEARED 1HRCO3H nS WHOLLY OWNED SUBSIDIARY 1308i. SOMAS Soowntlef COO Ono Llevotech Center Hann BreaIgn. Hew Vatic 11201.3859 INSTITUTIONAL INTERESTS 2 al 7 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 131.0102:08:34 001 V519 EFTA00197858 CLEARED THROUGH ITS ?RIMY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saee•ns SOC,rititi Cop. Bear. Steams 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Cc* Metselech Conte North Beccidon. New Volt 11201.3859 STEARNS INSTITUTIONAL INTERESTS 3 STATEMENT PERIOD December 1.2001 THROUGH December 31,2001 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER DC REMO YEAR TO DATE THIS PERIOD LAST STATEMENT November 30.2001 Opening Balance $9,587,957.27 Dividends 50,909.62 565,744.58 Credit Balance Int. 9,387.90 54,951.02 Money Fund 50,909.62 Total $60,297.52 $620,695.60 Dividends/Interest 11,338.00 Margin Int Paid 0.00 -1,558.64 Amount Credited $62.247.62 Money Fund -9.050.909.62 Amount Debited 9-9.050.909.62 Portfolio Composition Net Cash Activity -8.988.662.00 Cashtash Equivalent 35.401.742 Equities 72.600 Closing Balance $599,295.27 Same dui vanity, cl cam tnp... &e nal inchx1"0 in Pe Total $35.474.342 20:110n Sur., Imnnitts a‘ ‘rill ... Jt'rif transsiNew am wed. .1(404t In Learn4a.x. DE41 Your Portfolio Allocation Cash Balance Summary CLOSING Cash 1,381,989.85 599,295.27 Margo 8,205,966.50 0.10 Short 0.92 -0.10 Net Cash Balance $9,587,957.27 $599.295.27 Cash 8 Equivalent- 99% Untoded morons denote oat Difence *nee 'Mo•1 inane vei‘Aiti The plecom ;event'', is clewed kern to obsol.te market rat), al >vv palkno 027 01,0102:0B:34 001 V519 EFTA00197859 CLEARED THROUGH ITS niCkLY CAM,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns S0N, t4,1 Cory. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue Ore Momloch Contm North Brock/on. New Ye* 112013559 STEARNS New York New York 10179 INSTITUTIONAL INTERESTS 4 ci STATEMENT PERIOD December 1.2001 THROUGH December 31,2001 Your Portfolio Holdings ACCCUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER WESER LAST STATEMENT Naomi:et 30.2001 MARXE7 ESTIMATED CURPINT DESCRPRON SYMBOLCUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD 1%) CASH BALANCE 599,295 DREYFUS CASH MANAGEMENT-CL A 34.802.447.11 1.0000 34.802,447 800.456 2.3000 INSTITUTIONAL SHARES EST, 30 DAY AVG VIEW 2,1000% TOTAL CASH & CASH EQUIVALENTS $35,401,742 $800.456 EQUITIES Equities & Options ACC! MARKET ESTEMTED CURRENT DESCRFRON VhiSOMSIP PPE DUANSTY PRICE VALUE ANIMAL INCOIAE YEW PH BANK PLUS CORP MI CASH 10.000 7.2600 72,600 Total Equities& Options $72.600 $0 TOTAL EQUITIES $72.600 SO YOUR TOTAL ESTIMATED ANNUAL INCOME $800.456 YOUR PRICED PORTFOLIOHOLDINGS $35.474.342 027 OID3.02:06:34 001 VSI9 EFTA00197860 CLEARED THROUGH ITS witem.Y CA1h.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,r44,1 Cory. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 0-41km:tech Cella NOM Beccidon. New Teitt 11201.3919 STEARNS INSTITUTIONAL INTERESTS 5 STATEMENT PERIOD December 1.2001 THROUGH December 31,2001 Transaction Detail ACCOUNT NUMBER TAXPAYER PAIUMER MONEY FUND ACTIVITY LAST STATEMENT November 30.2001 DATE MODAY TRANS:410N DESCRIPTION SYMEWCUSIP oueerrny PRICE DEBIT AMOUNT CREDIT AMOUNT 12/01/01 OPENINGBALANCE 25,751,537.49 12/03/01 DIVIDEND paYrfilf&SMGEMENT-CA. A IME 50.909.62 MONTHLY DIVIDEND 12/03/01 REINVEST DREYFUS CASH MANAGEMENT-CA. A 50.909.62 50.909.62 INSTITUTIONAL SHARES DIVIDEND REINVESTED 12/31/01 BOUGHT DREYFUS CASH MANAGEMENT-CA. A INSTITUTIONAL SHARES INN 9.000.000 1.0000 9.000.000.00 12/31/01 CLOSINGBALANCE 34.802.447.11 TOTAL 59.050.909.62 $50.909.62 INTEREST DATE DESCRIPTION STMEICIAVSIP OVANTRY RATE I%I DENT AMOUNT CREDIT AMOUNT 12/21/01 INTEREST ON CREDIT BALANCE 1.2500 3,329.15 AT 1 1/4% 12/11 THRU 12/20 12/21/01 INTEREST ON CREDIT BALANCE 1.5000 6,058.75 AT 1 1/2% 11/19 THRU 12110 12/21/01 SHT ACCT FEE 11/21-122001 1,950.10 TOTAL $11,338.00 MISCELLANEOUS DATE MOAT TBANSACTCN DESCRIPTION DEBT AMOUNT CREPT ATICVNT 12/03/01 JOURNAL MARK TO MARKET 0.92 027 DI 03.02:06:34 001 VS19 EFTA00197861 CLEARED THROUGH ITS ?RIMY CAM•E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, M1 COrP Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 OtoLlevelech Cella HMO Beccidon. New Yak 11201.3859 STEARNS INSTITUTIONAL INTERESTS 6 o STATEMENT PERIOD December 1.2001 THROUGH December 31,2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER MASER MISCELLANEOUS (continued) LAST STATEMENT MOMS( 30.2001 DATE MaDAY TRANSACTCN DESCRIPTOR DEBIT AMOUNT CREW ATAOUNT 12/03/01 JOURNAL MARK TO MARKET SHORT POS 0.92 12/24/01 JOURNAL MARK TO MARKET 1.950.00 12/24/01 JOURNAL MARK TO MARKET SHORT P06 1,950.00 12/31/01 JOURNAL JOURNAL FROM TYPE 5 TO 1 0.10 12/31/01 JOURNAL JOURNAL FROM TYPE 2 TO 1 8,207,917.42 1781761"""'artingt JBuAfvALYIiZ5iTI'ilinto iitivei ANAL YOMANREI 0.10 i Mit] .K5MIAL FAAAg•YOMANREt tritgArPot 0.10 12/31/01 JOURNAL JOURNAL FROM TYPE 5 TO 1 0.10 TOTAL $-8.209.868.54 $8,209.868.54 Trades Executed Pending Settlement SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION ST1ABOUCUSIP DUMMY ercE DEW AMOUNT CREDIT AMOUNT 01/03/02 12/28/01 SOLD BANK PLUS CORP •10.000.00 7.1400 71.398.92 TOTAL $0.00 $71,398.92 The abet* WOODS et nee appear In any 011w sothow PI Mt Raiment 027 01,0102:0B:34 001 V519 EFTA00197862 CLEARED THROUGH ITS ?RIMY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet Szeaws Sec.r.ter Core. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 CcoMetiotech Center North Beccidon. New Ye* 11201.3859 STEARNS INSTITUTIONAL INTERESTS 7 CI STATEMENT PERIOD December 1.2001 THROUGH December 31,2001 ACCCUNT NUMBER TAXPAYER AMBER Your messages LAST STATEMENT NOYER992, 30.2001 As part of the National Association of Securities Dealer's (NASD) Investor Education Program, you may obtain information on the NASD's Public Disclosure Program by contacting the NASD at telephone number (800) 289.9999 or via the intemet address which is wmv,nasdr,com, In addition, a brochure explaining the Public Disclosure Program is available from the NASD upon request, End of Statement 027 Ou03/02,08:34 001 V519 EFTA00197863 CLEARED THROUGH ITS WHOLLY 01WED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT seer. ROAMS SOOtribtf Ca0 Bear. Stearns 8. Co. Inc. BEAR 383 Madison Avenue New York, Nevi York 10179 hen Maratch Cooler North Elecck/on. Ne* rot 11201.3859 STEARNS INSTITUTIONAL INTERESTS STATEMENT PERQ0 October 27.2001 ACCOUNT EXECUTIVE ZI3HEHMAN.IRA TELEPHONE THROUGH November 30.2001 VISIT OUR WEBSITE omweiexeteares.com ACCOUNT NUMBER What's In This Statement 1111,111111111111 II TAXPAYER NUMBER LAST STATEMENT October 26.2001 Financial Summary 3 INSTITUTIONAL INTERESTS FINANCIAL TRUST CO TTEE Your Portfolio Holdings 4 ATTN JEANIE BRENNEN Transaction Detail 5 6100 RED HOOK QUARTER Fund Activity 6 SUITE B-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash 8 Equvalent — 535.339.494 TOTAL VALUE OF SECURITIES THIS PEFUOD 71.200 $35.246.222 NET CREDIT 8AULiCE 9.587.957 $71 200 Egoles l ogratac MONEY MARKET FUND BALANCE 25.751.537 $9.205.875 : 6-9.135.175 Current market value NET EQUITY This PERIOD $35.410.694 IM Last statement's market value I=1 Short market value NET EQUITY LAST STATEMENT 35.316.922 CHANGE SINCE LAST STATEMENT 93.772 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Plo.va mood oaf Wham* a rooroctia of ctocks or mocks, ndicolod as doltraott to p5u. nes simnel it kw Wormarrel pawns ally It k not doomed lo Oeni SoMon of 800041428: a yet lo CNN Sank.. a Boot Steam Saunas Cap.. One lAoYokKB Coolly North. BrooN>n, NY. I i2obsese Sic Du INOrldod AS a Um outworn ORM be Wand for your recent Sn may S. for onocrlort rearms.= 027 1201.01:10:46 001 Y513 EFTA00197864 CLEARED THROUGH RS YiHMV 0"E0 SUBSIDIARY Beer. Szewee Secwititi GOO. Ce4 Meal:tech Cord 1100.11 acedCon. Hew Year 11201.3859 INSTITUTIONAL INTERESTS 2 PI STATEMENT BACKER IS PRINTED ON THIS PAGE 027 1201.'01:10:44 001 V513 EFTA00197865 CLEARED 1HRWGH ITS vniCkLY CMO.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Stearn Socv, hia Cap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Mevolech Contet North Beccidon. New Year 11201.3559 STEARNS INSTITUTIONAL INTERESTS 3 STATEMENT PERIOD 0C1009! 27.2001 THROUGH November 30.2001 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER KINSER THIS PERIOD C.ENN3 CLOSNO LAST STATEMENT °CMOS( 26.2001 Opening Balance $9,082.051.19 Cash 889.554.39 1,381,989.85 Money Fund 537.366.49 Margin -681,119.49 8,205,966.50 Funds Deposited 16,595.94 Shod 8,873,616.29 0.92 Dividends Interest 18186.86 Net Cash Balance $9,082,051.19 $9,587,957.27 Amount Credited $569,149.29 Money Fund -62.366.49 Dividends/Interest Charged -876.72 Income Summary TIC PERIOD YEAR TO DATE Amount Debited $-63.243.21 Dividends 63.053.99 514,834.96 Net Cash Activity 505.906.08 Credit Balance Int. 152.02 45,563.12 Closing Balance 39.587.957.27 Total $63,206.01 $560,398.08 Same deo tanslem c4 cash below scowl byes am not mcluded in the Margin Int. Paid 414.99 -1,558.64 Your Portfolio sedge. such Inmetero as well as details Iv as o'er Iransachceo Ins penod. Allocation appoot in TnanSaCIICO Dotal. Portfolio Composition Cash/Cash Equivalent 35,339,494 Equities 71,200 Total $35,410,694 Cash & Equivalent- 99% Unshaded potions denote Oat Dino, *nee !NH market yak!, Tho elocahm ;event'', is clewed learn IN 00191.te market rat), el >tn., pane» 027 1241(01:10:44 001 V513 EFTA00197866 CLEARED THROUGH ns vniotty CMNE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SON, t4,1 Cot.. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Cr.* IAevoIeca Cant et North Beano. New Ye* 11201.3359 STEARNS INSTITUTIONAL INTERESTS 4 c, STATEMENT PERIOD WOOD 27.2001 THROUGH Nosenter 30.2001 Your Portfolio Holdings ACCCUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER MAWR LAST STATEMENT WOW 26.2001 MONET ESTIMATED CURPENT DESCRCTION SrAIBCLCUSIP QUANTITY PRICE VALUE AANUAL INCOME YEW i%) CASH BALANCE 9,587,957 DREYFUS CASH MANAGEMENT-CL A 25,751,537.49 1.0000 25.751,537 721,043 2.8000 INSTITUTIONAL SHARES ESL 30 DAY AVG YIELD 2.3800% TOTAL CASH & CASH EQUIVALENTS $35.339.494 $721,043 EQUITIES Equities & Options ACC! TAARKET ESTMATEO CURRENT DESCRPRON SWECCCAJSIP PPE OUANBTY PRCE VALLE ANNUAL INCOIAE YEW I141 BANK PLUS CORP CASH 10.000 7.1200 71,200 Total Equities& Options $71,200 $0 TOTAL EQUITIES $71.200 SO YOUR TOTAL ESTIMATED ANNUAL INCOME $721,043 YOUR PRICED PORTFOLIOHOLDINGS $35.410.694 027 1201l01:10:46 001 VS13 EFTA00197867 CLEARED THRWGH ITS witekLY 0%M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs S0C,r44,1 Cory. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ore Metsclech Centec NOM Beccidon. New VC* 112013859 STEARNS INSTITUTIONAL INTERESTS 5 STATEMENT PERK* Date! 27.2001 THROUGH Nosenter 30.2001 Transaction Detail ACCOUNT NUMBER TAXPAYER AILIUSER INVESTMENT ACTIVITY LAST STATEMENT °Stet 26.2001 SETTLEMENT DATE 11/21/01 TMDE PATE TRANSACTION JOURNAL DESORPTION MEDTRONIC INC • 30. CUSP GUMMY -75,300 PATE DEBIT AMOUNT CREPT AMOcter JOURNAL FROM TYPE I TO 5 PER LOA 11 1iU1 AL kff,DM NrgiiEgdrieitlitiWit JOURNAL FROM TYPE I TO 5 • -55. PER LOA 1ir2vbi "YANA'. YfaiIMMITAYMCLIt5 a -55.1300 JOURNAL FROM TYPE I TO 5 PER LOA 11/21/01 JOURNAL MEDTRONIC INC 75.300 JOURNAL FROM TYPE I TO 5 PER LOA 11/21/01 JOURNAL J. FINANCIAL SVCSGROUP INC NAL FROM TYPE 1 TO 5 • 55.000 PER LOA 11/21/01 JOURNAL TYCO INTERNATIONAL LTD 55.000 JOURNAL FROM TYPE I TO 5 PER LOA TOTAL DEPOSITS AND WITHDRAWALS DATE TR"SACTON DESCRP'101 CEBIT 0.10LN" CREDIT AMOUNT 11/19/01 DEPOSIT INSTITUTIONAL I NTS 00 BS 16.595.94 MORGAN TOTAL $16,595.94 027 1201.'01:10:44 001 V513 EFTA00197868 CLEARED THROUGH ITS Yritem.Y 01µ.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, htt GNP Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Metsclech Cerra North Beccidon. New Year 11201.3859 STEARNS INSTITUTIONAL INTERESTS 6 STATEMENT PERK* °MON 27.2001 THROUGH Noverncer 30.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER KINSER MONEY FUND ACTIVITY LAST STATEMENT October 26.2001 DATE M3DAY IRAN StCTION DESCRIPTION MPOSUSIP cuomrty PR c€ DEBIT AMOUNT CREDIT AMOUNT 10/27/01 OPENINGBALANCE 26,164,171 11/01/01 DIVIDEND RigNika$MGEMENT-CA. A IME 62,366.49 MONTHLY DIVIDEND 11/01/01 REINVEST DREYFUS CASH MANAGEMENT-CA. A 62.366.49 62.366.49 INSTITUTIONAL SHARES DIVIDEND REINVESTED 11/05/01 SOLD DREYFUS CASH MANAGEMENT-CA. A INSTITUTIONAL SHARES IMO -75.000 1.0000 75.00000 11/19/01 SOLD DREYFUS CASH MANSAGEMENT-CL A -400.000 1.0000 400.000.00 MIM ARE 11/30/01 CLOSINGBALANCE 25,751.537.49 TOTAL $-62.366.49 $537.366.49 DIVIDENDS DATE DESORPTION DUMMY FUME (St DEBT AMOUNT CREDIT AMOUNT 11/01/01 TYCO INTERNATIONAL LTD 55.000 0.0125 687.50 REC 10101/01 PAY 11101/01 11/01/01 TYCO INTERNATIONAL LTD 687.50 DIV CHG 55000 SHS SHORT REC 10/01/01 PAY 11101/01 TOTAL 3-687.50 $687.50 027 1201.'01:10:44 001 0,13 EFTA00197869 CLEARED THROUGH ITS niCkLY 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 Cc* Metsolech Cant“ North BecciOon. New VC* 112014869 STEARNS INSTITUTIONAL INTERESTS 7 STATEMENT PERIOD October 27.2001 THROUGH Novernter 30.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER NUMBER INTEREST LAST STATEMENT October 26.2001 DATE DESORPTION STME/CtiOUSIP QUANTITY RATE DEBT AMOUNT crieen AMOUNT 11/07/01 INT ADJ 9/24-10/01 @CALL +1% 604.21 11/21/01 INTEREST ON CREDIT BALANCE 1.5000 51.67 AT 1 I/2% 1I/06 THRU 1I/20 ITHI761'''''WtrftiggratiVilblYIXINIeg 165.15 AT 2,000% 10/21 THRU 11/05 11/21/01 FROM 10/21 THRU 11/05 ®41/2% 4.5000 46.14 BAL 759.079 AV8AL 23.069 mam in% 11-00 irtb 4.Oooo 14.66 EX 1154.582 AVBAL 85.849 11/21/01 SHT ACCT FEE 10/21-112001 13,743.13 TOTAL $-189.22 $14,499.36 MISCELLANEOUS DATE MODAT MMISACTiCN DESCRIPTI0t1 DEBIT AMOUNT OPEDIT AWN( 10/29/01 JOURNAL MARK TO MARKET 261.55800 10/29/01 JOURNAL MARK TO MARKET SHORT P06 261.558.00 11/05/01 JOURNAL MARK TO MARKET 183.598.00 11/05/01 JOURNAL MARK TO MARKET SHORT P06 183,598.00 11/12/01 JOURNAL MARK TO MARKET 390,730.00 J6UMAL MAW YO MARKET &FORMA 390.730.00 11/19/01 JOURNAL MARK TO MARKET 5,377.00 11/19/01 JOURNAL MARK TO MARKET SHORT P06 5.377.00 11/26/01 JOURNAL MARK TO MARKET 9.360.738.00 11/26/01 JOURNAL MARK TO MARKET SHORT P06 9,360,738.00 TOTAL $-10,202,001.00 $10,202,001.00 027 1210I/01;10:46 001 451 EFTA00197870 CLEARED THRCOGH nS vrtiCkLY 0%M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZBO•nt. SON•Ititi COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Cc* Metsolech Canter North Beak//n. New VC* 1120/9859 STEARNS INSTITUTIONAL INTERESTS ACCOUNT EXECUTIYE LIT,HERMAN.IRA STATEMENT PERKO September 29.2001 TELEPHONE THROUGH October 26.2001 VISIT OUR WEEISITE www.uearstearns.com ACCCUNT NUMBER What's In This Statement IIIIIIIIII1111111 II TAXPAYER NULI3ER LAST STATEMENT September 28.2001 Financial Summary 3 INSTITUTIONAL INTERESTS 4 FINANCIAL TRUST CO TTEE Your Portfolio Holdings ATTN JEANIE BRENNEN Transaction Detail 5 6100 RED HOOK QUARTER Fund Activity 5 SUITE B-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash a — 46.222 TOTAL VALUE OF SECURMES THIS PERM 70,700 .....,, ........ ........ $40.476/84 NET CREDIT BALANCE 9,082,051 Equities AMI=I $9.205.875 : $-9.136.175 MONEY MARKET FUND BALANCE 26,164,171 0.995.300 : $41926.800 Current market value NET EQUITY THIS PERIOD $35,316,922 ilia Last statement's market value CI Short market value NET EQUITY LAST STATEMENT 40,545,284 CHANGE SINCE LAST STATEMENT -5,228,362 There are no 'Stop Loss' orders or other pending buy or sell open orders on tile for your account. Roza ropat ant drforonoo a rastooNg of dude or socks. eldicolod as doltrooxi lo ar INN StanWY • for Iarrarreaerse Reposes Week ra @Undid as , aware to Clem Sweat of 800624 ICS: a wax 10 Clem SONIC.. a SON. &COM SCCuMei shoal be neared for yaw resat So reverse sale for realm acanatat Cap. Coo 1.1flokwl, Coolly North. BrooN,n, NY 112014859 027 10.2Z01:09:11 001 V502 EFTA00197871 CLEARED 1HROUGH RS YiHMV 0"E0 SUBSIDIARY Beer. Szewee Secwititi GOO. Ce4 Meal:tech Cord 1100.11 acedCon. Hew Year 11201.3859 INSTITUTIONAL INTERESTS 2 PI STATEMENT BACKER IS PRINTED ON THIS PAGE 021 1627,01:09:11 001 V502 EFTA00197872 CLEARED 1HRWGH nor vniCtLY CAMEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bess. Scea•ns S0Canhtl Co. . Bear. Steams 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Llevolcch Cantor NOM beck/on. New York 11201.3859 STEARNS INSTITUTIONAL INTERESTS 3 STATEMENT PERIOD SepteMbef 29.2001 THROUGH October 26.2001 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER MAGER THIS PEFICO OPENING CLOSING LAST STATEMENT September 28.2001 Opening Balance $10,793,837.98 Cash 408.332.05 889.55439 Money Fund 3,681,225.05 Margin 2,318.693.89 -681,119.49 Dividends Interest 47.464.59 Shod 8,066,812.04 8,873,616.29 Amount Credited $3,728.689.64 Net Cash Balance $10,793.837.98 39.082,051.19 Money Fund -81.225.05 Funds Withdrawn -797.556.00 Dividends Interest Charged -32.703.38 Income Summary Tht5PERIDO YEAR TO DATE Miscellaneous -4,528.992.00 Dividends 111.954.80 451,780.97 Amount Debited $-5,440,476A3 Credit Balance Int. 1.548.84 45,41110 Net Cash Activity -1,711.786.79 Total $113,503.64 $497.192.07 ClosingBatance 39 082 051.19 Margin Int. Paid -1.973.63 -1,973.63 Your Portfolio Allocation Some dry tans*" or cash Miner Drool Mors are not included m Sw archon. such Irantreas. as ‘cal as cleIals Ica all ,Weer tranSeChn Pis prod. Wear on breach°, Debt. Portfolio Composition SHOW LONG CashiCash Equivalent 35.246,222 Equities 9,135.175 9.205,875 Total $9,135175 $44,452,097 Cash 8 Equivalent \ 66% Untadecl concris oeno* Oat 014, O, onto male vela, ha eloaaor moonsar i, de•ued iron to sbcolho manna rat), of >vv palkno 027 162741:09:11 001 V502 EFTA00197873 CLEARED THROUGH ITS niCkLY 11‘.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns S0C.r.htl Cory. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Metsolech Contm North Beccidon. New Ye* 112013959 STEARNS INSTITUTIONAL INTERESTS 4 STATEMENT PERIOD September 29.2001 THROUGH &toter 26.2001 Your Portfolio Holdings ACCCUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER MILNER LAST STATEMENT SepteMbef 28.2001 MARRO ESTIMAIED CURP£NT DESCROION SIMBOLCUSiP QUANTITY PRICE VALUE !ANIS INCOME 10.0 V..) CASH BALANCE 9,082,051 DREYFUS CASH MANAGEMENT-CL A 26.164.171 1.0000 26.164,171 863.418 3.3000 INSTITUTIONAL SHARES EST. 30 DAY AVG YIELD 2.7900% TOTAL CASH & CASH EQUIVALENTS $35,246,222 8863.418 EQUITIES Equities & Options ACCT PAANCET ESTIMATED CURRENT DESCRPRON SYNIBOUCLISIP TIM OUANSTY PRCE VALLE ANNA. INCOME VELD 1%) BANK PLUS CORP CASH 10,000 7.0700 70,700 MEDTRONIC INC CASH 75,300 42.2500 3,181.425 17,319 0.5444 MEDTRONIC INC SHRT -75,300 42.2500 -3,181,425 -17,319 0.5444 PNC FINANCIAL SVCSGROUP INC CASH 55.000 57.7500 3.176.250 105,600 3.3247 PNC FINANCIAL SVCSGROUP INC SHRT -55,000 57.7500 -3.176,250 -105,600 3.3247 TYCO INTERNATIONAL LTD CASH 55,000 50.5000 2.777.500 2,750 0.0990 TYCO INTERNATIONAL LTD SHRT -55,000 50.5000 -2.777.500 -2,750 0.0990 Total Equities& Options $70,700 $0 TOTAL EQUITIES $70.700 $0 YOUR TOTAL ESTIMATED ANNUAL INCOME $863,418 YOUR PRICEDPORTFOLIOHOLDINGS $35,316,922 027 1047Di:09:11 001 V502 EFTA00197874 CLEARED THRWGH ITS ?RIMY CA1h.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SOC,r44,1 Cory. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 0-41km:tech Center North 0eock11n. New VC* 112013959 STEARNS INSTITUTIONAL INTERESTS 5 STATEMENT PERIOD September 29.2001 THROUGH Octoter 26.2001 Transaction Detail ACCOUNT NUMBER TAXPAYER KINSER DEPOSITS AND WITHDRAWALS LAST STATEMENT September 28.2001 DA'E DESCRPRON DEBIT AMMAN CREDIT AMOUNT FNDS WIRED TO 754.832.00 10/25/01 CHECK CK #MT351452 12.324.00 GEORGE V. CELSCN 10/26/01 CHECK CK #MT351770 30,400.00 LAWRENCE NEWMAN TOTAL 3-797.556.00 MONEY FUND ACTIVITY DATE MODAY TRANSACTKN DESCRIPTICN Sal8CLSVSIP DUMMY PRICE DEBIT AMOUNT CREDIT AMOUNT 09/29/01 OPENINGBALANCE 29,682,945.95 10/01/01 SOLD DREYFUS CASH MANAGEMENT-CA. A -2.700800 1.0000 2.700.000.00 10/01/01 DIVIDEND DREYFUS CASH MANAGEMENT-CA. A 81.225.05 INSTITUTIONAL SHARES MONTHLY DIVIDEND 10/01/01 REINVEST DREYFUS CASH MANAGEMENT-CA. A 81.225.05 81.225.05 INSTITUTIONAL SHARES DIVIDEND REINVESTED 10/15/01 SOLD DREYFUS CASH MANAGEMENT-CA. A -900.000 1.0000 900.00080 10/26/01 CLOSINGBALANCE 26,164.171 TOTAL $-81.225.05 $3.681,225.05 027 104741:09:11 001 VS02 EFTA00197875 CLEARED THROWN ITS ?RIMY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,r44,1 COO. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ore Mem:tech Contec NOM Beccidon. New VC* 11201.3819 STEARNS INSTITUTIONAL INTERESTS 6 o STATEMENT PERIOD September 29.2001 THROUGH October 26.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AVUMER DIVIDENDS LAST STATEMENT *Mother 28.2001 DATE DESORPTION Sa LCUSiP OJANTIN RATE {ST DEBIT AMOUNT CREDIT AMOUNT 10/09/01 MEDTRONIC INC 4,329.75 DIV CHG 75300 SHS SHORT REC 10/05101 PAY 10/26.01 1 1sl61 Ysie?if4Afdt1AC'VeiAdiiP'fr 26,400.00 DIV CHG 55000 SHS SHORT REC 10/12,01 PAY 10/24/01 itthuoi Isi4Ortf4Af4AL nentOtOuP iNt 55.000 0.4800 26.400.00 REC 1011201 PAY 10/24/01 10/26/01 MEDTRONIC INC S 75.300 0.0575 4.329.75 REC 1010501 PAY 10/2601 TOTAL $-30.729.75 $30.729.75 INTEREST DATE DESORPTION STMECUCLISIP OVJARITT RATE lYti DEBIT AMOUNT CREDIT AMOUNT 10122/01 INTEREST ON CREDIT BALANCE 2.0000 17.52 AT 2,000% 10/02 THRU 10/20 10/22/01 INTEREST ON CREDIT BALANCE 1.5000 205.68 AT t 1/2% 09/21 THRU 09/23 10/22/01 INTEREST ON CREDIT BALANCE 2.5000 1.325.64 AT 2 1/2% 09/24 THRU 10/01 10/22/01 FROM 09/24 THRU 10/01 (07 % 7.0000 139.37 BAL 1458.706- AVBAL 89.598 10/22/01 FROM 10/02 MU 10/20 ®6 1/2% 6.5000 1,834.26 BAL 847.434 AVBAL 534.683 10/22/01 SHT AC,CT FEE 09/21-102001 15.186.00 TOTAL $.1.973.63 $16,734.84 027 10.27,01:09:11 001 ‘502 EFTA00197876 CLEARED THROUGH ITS YiHMV 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirn5 SON, t4,1 COO. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue OtoLletsolech Contof North BecciOon. New Ye* 112013859 STEARNS New Y New York 10179 INSTITUTIONAL INTERESTS 7 STATEMENT PERIOD September 29.2001 THROUGH &Toter 26.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER MAWR MISCELLANEOUS LAST STATEMENT September 28.2001 DATE MOAT TRANSACTOI DESCRIPTION DENT AMOUNT CREPT MOW 10101/01 JOURNAL TO 047-30185 4,528,992.00 PER LOA 10/01/01 JOURNAL MARK TO MARKET 859,987.00 1616161"""'lartif,IXL MAW ITAYARLI"Vieltris& iff,Titrio 16/6±61 JodttNAL J Nat mam fast fret .175.441.7 662/61 JOIAIAL J6uANAL nidiA fast ff6 1 2.175.491.75 10/08/01 JOURNAL MARK TO MARKET 120,112.00 10/08/01 JOURNAL MARK TO MARKET SHORT POS 120.112.00 10/15/01 JOURNAL MARK TO MARKET 10,538.00 10/15/01 JOURNAL MARK TO MARKET SHORT P06 10.538.00 10/22/01 JOURNAL MARK TO MARKET 168.289.00 10/22/01 JOURNAL MARK TO MARKET SHORT POS 168,289.00 TOTAL $-7,863,409.75 $3,334,417.75 End of Statement 027 1027101,30:11 001 1/502 EFTA00197877 CLEARED THROUGH ITS WHOLLY 01ThED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SIWAS SeeviIitl Gap. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York New York 10167 One Mevotech Center Noah 8tCCidoll. lie* Yak 1120/3859 STEARNS INSTITUTIONAL INTERESTS STATEMENT PERIOD Septeoter 1.2001 ACCOUNT EXECUTIVE Z:CHERNIAN.IRA TELEPHONE THROUGH SepleTtet 28.2001 VISIT OUR WEBSITE O. Yrw.uearsteams.com ACCOUNT NUMBER What's In This Statement IIIIIIIIIIIIIIIII II TAXPAYER NUMBER LAST STATEMENT Augusl 31.2001 Financial Summary 3 INSTITUTIONAL INTERESTS FINANCIAL TRUST CO TTEE Your Portfolio Holdings 4 ATTN JEANIE BRENNEN Transaction Detail 5 6100 RED HOOK QUARTER Fund Activity 5 SUITE B-3 Your Messages 6 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash 8 Equvalent $40.476.784 TOTAL VALUE OF SECURITIES THIS PERiOD 68.500 ,zut $40261.140 ... NET CREDIT BALANCE 10.793.838 i $8,995.300 : S-8.926.800 Equines _ele r MONEY MARKET FUND BALANCE 29.682.946 $10.019,662 : $-9.948.862 lin Current market value NET EQUITY Tills PERIOD $40.545,284 IM Last statements market value C Short market value NET EQUITY LAST STATEMENT 40,431.940 CHANGE SINCE LAST STATEMENT 113.344 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Plo.va tow any ditororoo a rorHocto of tea. or socks. Bacolod as delicerea to Icu. pawn ally. Ikea as ammo 10 Owl Somme a 800611-1128: a *no to Clem SONIC.. a BOW. steam sccumos Ca,.. One MelmIali Carla Honk OrookNN NY. II20141$4 ST nee snivelers toadeismenvel Tin . 0"YalB OO, Mended ea retain kr your records Sn mom Se farrycHam Mammon 027 0S2S01:11:41 001 VS00 EFTA00197878 CLEARED 1HROUGH RS YiHMV 0"E0 SUBSIDIARY Beer. Szewee Secwititi GOO. Ce4 Meal:tech Cord 1100.11 acedCon. Hew Year 11201.3859 INSTITUTIONAL INTERESTS 2 PI STATEMENT BACKER IS PRINTED ON THIS PAGE 027 09/29e01:11:41 001 V500 EFTA00197879 CLEARED THROUGH ITS Ote•EO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. szeirns socv,ht, COO. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New YY New York 10167 CreMetsoiech Center North &Woo. New Year 11201.3219 STEARNS INSTITUTIONAL INTERESTS 3 STATEMENT PERIOD Septelfter 1.2001 THROUGH September 28.2001 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER PRIUMER TIC PERIOD YEAR TO DATE THIS PEFICO LAST STATEMENT August 31.2001 Opening Balance $10.767.517.51 Dividends 89,324.08 339.82617 Credit Balance Int. 2,476.23 43,862.26 Money Fund 89.324.08 Total $91.800.31 $383.688.43 Dividends/Interest 26.320.47 Amount Credited $115.644.55 Money Fund -89.324.08 Portfolio Composition Amount Debited 5-89.324.08 SKR! LONG Net Cash Activity 26.320.47 Cash/Cash Equivalent 40.476.784 Equities 8,926.800 8.995.300 Closing Balance $10 793 837.98 Some dot Vanity, oe cat imp., el oncloSTO in this Total $8,926.800 $49,472,084 40:110n Such Oanatom aa AMI ... SSIO.5 HL p0600. OCCOM In Tentnonom Dr.41 Your Portfolio Allocation Cash Balance Summary CLOSING Cash 405,855.82 408,332.05 Margo 156,896.89 2.318,693.89 Short 10,204,764.80 8.066.812k4 Net Cash Balance $10.767.517.51 $10.793.837.98 Unt00,0 comb,, Canµ. Oar 0lonce omit, Intol male vela, Tho olonOran ;events,* ta 0mno0 nom to 00191.te market rat), 01 >ant panOna 027 O9/2S*O1:l 1:4I 001 V5OO EFTA00197880 CLEARED THROUGH ITS vniCkLY OW,E0 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 Llevolech Ow:Ng NOM Beccidon. New Tuk 11201.3819 STEARNS INSTITUTIONAL INTERESTS 4 STATEMENT PERIOD SeptelTbN 1.2001 THROUGH Septeonter 28.2001 Your Portfolio Holdings ACCOUNT water, CASH & CASH EQUIVALENTS TAXPAYER WESER LAST STATEMENT August 31.2001 MARRO ESTIMATED CURP£NT DESCRIPTION SITIBOUCUSIP OUANTITY PRICE VALUE !ANIS INCOME 10.0 IN.) CASH BALANCE 10.793,838 DREYFUS CASH MANAGEMENT-CL A 29,682,945.95 1.0000 29.682,946 1.098.269 3.7000 INS11TUTIONAL SHARES TOTAL CASH & CASH EQUIVALENTS $40,476,784 51.098.269 EQUITIES Equities & Options ACCT MARKET ESTMETED CURRENT DESORPTION STAIBC0CUSIP TIM °own PRCE VALLE ANATOL INCOME YEW OM BANK PLUS CORP CASH 10,000 6.8500 68,500 MEDTRONIC INC CASH 75,300 43.5000 3,275,550 17,319 0.5287 MEDTRONIC INC SHRT -75,300 43.5000 -3.275,550 -17.319 0.5287 PNC FINANCIAL SVCSGROUP INC CASH 55.000 57.2500 3.148.750 105.600 3.3537 PNC FINANCIAL SVCSGROUP INC SHRT -55,000 57.2500 -3.148,750 -105,600 3.3537 TYCO INTERNATIONAL LID CASH 55.000 45.5000 2.502.500 2.750 0.1099 TYCO INTERNATIONAL LID Total Equities& Options • SHRT -55,000 45.5000 -2.502.500 568.500 -2,750 SO 0.1099 TOTAL EQUITIES 568.500 $0 YOUR TOTAL ESTIMATED ANNUAL INCOME $1.098.269 YOUR PRICEDPORTFOLIOHOLDINGS $40,545,283 021 DS/29e01:11:41 001 VS00 EFTA00197881 CLEARED THROUGH ITS CA1P.EO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet SNAPP& SOC.P.BRI COO. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Ore Mevolech Cantec North &Woo. New TA* T1201.3819 STEARNS INSTITUTIONAL INTERESTS 5 r/ STATEMENT PERIOD SepTENTANN 1.2001 THROUGH Septeonter 28.2001 Transaction Detail ACCOUNT NUMBER TAXPAYER NIAUSER MONEY FUND ACTIVITY LAST STATEMENT August 31.2001 DATE MOAT TRANSACTION DESOTIPTCP2 S)I/ROLCuSIP ouninw PRICE DEBIT AMOUNT CREDIT AMOUNT 09/01/01 OPENINGBALANCE 29.593.621.87 09/04/01 DIVIDEND RinikaSgaliGEMENT-CL A 89,324.08 MONTHLY DIVIDEND 09/04/01 REINVEST DREYFUS CASH MANAGEMENT-CL A 89.324.08 89.324.08 INSTITUTIONAL SHARES DIVIDEND REINVESTED conato1 CLOSINGBALANCE 29.682.945.95 TOTAL $-89.324.08 589.324.08 INTEREST DATE CESCRPTION STMEICUCLISIP QUANTITY RATE I%/ DEBT AMOUNT CREDIT AMOUNT 09/21/01 INTEREST ON CREDIT BALANCE 0.5000 22.82 AT 0 1/2% 09/19 THRU 09/19 09/21/01 INTEREST ON CREDIT BALANCE 1.5000 68.46 AT 1 1/2% 09/20 THRU 09/20 09/21/01 INTEREST ONCREDIT BALANCE 2.5000 228.19 AT 2 1/2% 09/17 THRU 09/18 09/21/01 INTEREST ON CREDIT BALANCE 3.0000 2.156.76 AT 3.000% 08,21 THRU &arts 09121101 SHT ACCT FEE 08/21-09 20 01 23.84424 TOTAL 826.320.47 027 OSP2W01:Ilptl 001 V500 EFTA00197882 CLEARED THROUGH ITS CA1n.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 COO. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 OtoLletsolech Cent og North Beccidon. New Ye* 11201.3819 STEARNS INSTITUTIONAL INTERESTS 6 STATEMENT PERIOD SepTeITANN 1.2001 THROUGH *minter 28.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER KINSER MISCELLANEOUS LAST STATEMENT August 31.2001 DATE 1.101/AT TRANSACTCN DESCRIPTCN OBIT AMOUNT MDT MOUNT 09/04/01 JOURNAL MARK TO MARKET 255,902.00 09/04/01 JOURNAL MARK TO MARKET SHORT POS 255,902.00 09/10/01 JOURNAL MARK TO MARKET 860.534.00 09/10/01 JOURNAL MARK TO MARKET SHORT POS 860,534.00 09/17/01 JOURNAL MARK TO MARKET 36.233.00 6e/17 Jo PAM AA reil'AllIZErgAiBlir 6.th .00 6,1601 JoirMAL FAAAiCY0TIZNREY 1.0 1.594.00 09124/01 JOURNAL MARK TO MARKET SHORT POS 1,081,594.00 TOTAL 52,234,263.00 $2.234.263.00 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 00/20.01:l1:4I 001 v500 EFTA00197883 CLEARED THROUGH ITS vniCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC."44.1 Dap. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New Y New York 10167 0 -4 Mon:tech Cantm North Beccidon. New Year 11201.3819 STEARNS INSTITUTIONAL INTERESTS 7 STATEMENT PERIOD SEIREITSYN 1.2001 THROUGH Septet ter 28.2001 ACCCUNT memo., TAXPAYER WESER 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 0929031:11:41 001 VS00 EFTA00197884 CLEARED THROUGH ITS WHOU.Y 01W.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT EINEH.514404 COrp. Bear. Stearns 8. Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Coe 1.1evotech Corder H00.11 etCCidel. Hen Tv* 11201.3859 STEARNS INSTITUTIONAL INTERESTS ACCOUNT EXECUTIVE ZIC,HERMAN.IRA STATEMENT PERK* Julj 28.2001 TELEPHONE THROUGH August 31.2001 VISIT OUR WESSITE ITIAV uentearns.com ACCOUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER NUMBER LAST STATEMENT JOB 27.2001 Financial Summary 3 INSTITUTIONAL INTERESTS FINANCIAL TRUST CO TTEE Your Portfolio Holdings 4 ATTN JEANIE BRENNEN Transaction Detail 5 6100 RED HOOK QUARTER Fund Activity 5 SUITE B-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash S Equvalent ■ $40.361.140 TOTAL VALUE OF SECURITIES THIS PERIOD 70.800 536.918.785 NET CREDIT BALANCE 10.767.518 $10.019,662 : S-9.948.862 Equities MONEY MARKET FUND BALANCE 29.593.622 ■ $13.675.956 : $-10.155.165 lin Current market value NET EQUITY This PERIOD $40.431,940 NE Last statement's market value Short market value NET EOUITY LAST STATEMENT 40,439.576 CHANGE SINCE LAST STATEMENT -7,636 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Noma rood oaf Offororco a rcorocolg of crocks or socks, nelleolocl as 4100(00X1 to yOU. Ia 41140, 400041p.moses (Mak not iNonded as &cat 10 Qonl semen of 400614-1424: a one lo Choi Santos a Bow. =arra Ernumes Cm. One LletoINI, Coolly North. Broo11”.., NY 11201.3859 Sit nu swererY statement shot Ea Maned for your records Sit reverse ofs for modern eternal= 027 DSOI.01:10:37 001 ./.196 EFTA00197885 CLEARED 1HROUGH nS wilekLY 0"E0 SUBSIDIARY Beer. Szewee Secwititi COO. Ce4 Meal:tech COM0( NOM Beccidon. Hew Year 1120/3859 INSTITUTIONAL INTERESTS 2 PI STATEMENT BACKER IS PRINTED ON THIS PAGE 027 090101:10:37 001 V496 EFTA00197886 CLEARED TNRO00H niCkLY ONME0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeIrns SOC,rthel Cap. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New YY New York 10167 Ore Movolcoh Cella North Brock,/n. New volt 11201.3859 STEARNS INSTITUTIONAL INTERESTS 3 STATEMENT PERIOD Jul/ 28. 2001 THROUGH August 31.2001 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER WESER THIS PEPo00 OPENN3 CLOSNG LAST STATEMENT Joie 27. 2001 Opening Balance $10,403,419.76 Cash 69.25934 405.85532 Securities Sold 3,332,662.23 Margin 255,244.89 156.896.89 Money Fund 78,256.97 Short 10,078.915.23 10,204.764.80 Dividends/Interest 31,486.81 Net Cash Balance $10,403,419.76 $10.767.517.51 Miscellaneous 636.21 Amount Credited $3.443.042.22 Money Fund -3,078.256.97 Income Summary TH6 PERIOD YEAR TO DATE Dividends/Interest Charged -687.50 Dividends 79.062.81 250,502.09 Amount Debited 8-3,078,944.47 Credit Balance Int. 2,491.90 41386.03 Net Cash Activity 364,097.75 Total $81,554.71 $291,888.12 ClosingBatance $10 767 517.51 Your Portfolio Allocation Same On tensions c4 cash batman acmer lypers arc not include0 in OM sabon. such Irantlets. as ‘vo41 as (Wars Is, a otter lIdONICICOS P15 pMOO. appal on Tweed*, Dotal. Portfolio Composition LONG CashiCash Equivalent 40.361.140 Equities 9.948.862 10.019.662 Total $9.948,862 $50.380.802 Cash & Equivalent \ 67% Untotled Frown soma oat Diana antra* shol male wives he el000hm moonsor to awoo iron to absol.te markto rat), or ,cv parka" 027 09,01,01:10:37 001 V496 EFTA00197887 CLEARED IHRWOH ITS OW,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,r44,1 COO. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 O-41km:tech Cone et NOM Beccmon. New Ye* I1201.3SS9 STEARNS INSTITUTIONAL INTERESTS 4 STATEMENT PEF000 JuM 28.2001 THROUGH Papist 31.2001 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER PX.M3ER LAST sTATELIENT JuM 27. 2001 IIW(ET ESTIMAIED DJRP£NT DESCROION SITIBOUCUSIP OUANTRY PRICE VALUE MINIS INCOME ISO V4) CASH BALANCE 10,767,518 DREYFUS CASH MANAGEMENT-CL A 29,593,621.87 1.0000 29,593,622 1,154,151 3.9000 INS11TUTIONAL SHARES TOTAL CASH & CASH EQUIVALENTS $40,361,140 $1,154,151 EQUITIES Equities & Options ACCT MARKET ESTIMIED CURFEW DESCRPTION STAIDWCUSIP TIE ouurnrr MICE VALUE ANNUAL INCOME VELD I* BANK PLUS CORP CASH 10,000 7.0800 70,800 MEDTRONIC INC CASH 75,300 45.5400 3.429,162 17,319 0.5051 MEDTRONIC INC SHRT -75,300 45.5400 3,429,162 -17.319 0.5051 PNC FINANCIAL SVCSGROUP INC CASH 55.000 66.5900 3,662,450 105.600 2.8833 PNC FINANCIAL SVCSGROUP INC SHRT -55,000 66.5900 3,662,450 -105,600 2.8833 TYCO INTERNATIONAL LID CASH 55.000 51.9500 2.857,250 2,750 0.0962 TYCO INTERNATIONAL LID Total Equities& Options • SHRT -55,000 51.9500 -2.857,250 370,800 -2,750 30 0.0962 TOTAL EQUITIES 370.800 30 YOUR TOTAL ESTIMATED ANNUAL INCOME $1,154,151 YOUR PRICEDPORTFOLIOHOLDINGS $40,431,939 027 09.01,01:10:37 001 YOB EFTA00197888 CLEARED THRWGH ITS niCkLY ORREO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC.,44.1 Cap. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Cc* Mevolech Contm North &Wort Nev. Tc* 11201.3869 STEARNS INSTITUTIONAL INTERESTS 5 STATEMENT PERK* Jul/ 28.2001 THROUGH August 31.2001 Transaction Detail ACCOUNT NUMBER TAXPAYER IMJUMER INVESTMENT ACTIVITY LAST STATEMENT JO/ 27. 2001 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION STME/OLCUISC CUANTITY PPoCE DEBIT AMOUNT CREPT AhVUNT 08/07/01 08/02/01 SOLD MEDTRONIC INC -58,055 46.38850 2,689,511.30 WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE birb7/bi 69/62/61 96LLS 1391.3rumud. gve§driOufs iNt UNSOUCITED • -5.962 67.04940 44.525.19 mom 08/02/01 SOLD TYCO INTERNATIONAL LTD UNSOUCITED • -4/33 53.01460 250.625.75 70- AL $3.332,662.23 MONEY FUND ACTIVITY DATE LOON TRANSACTION DESCRIPTION SYMEC.L.CUSIP OUANTITY PRCE DEBIT AMOUNT CREDIT AMOUNT 07/28/01 OPENINGBALANCE 26,515,364.90 08/01/01 DIVIDEND DREYFUS CASH MANAGEMENT-CI. A 78,256S7 INSTITUTIONAL SHARES MONTHLY DIVIDEND 08/01/01 REINVEST fraYrtlfaSNARGEMENT-CA. A 78.256.97 78.256.97 DIVIDEND REINVESTED 08/08/01 BOUGHT RAVrtaaSNARGEMENT-Cl. A 3.000.000 1.0000 3.000.000.00 EIU FD 08/31101 CLOSINGBALANCE 29,593,621.87 TOTAL 8-3,078,256.97 $78.256.97 027 DBO1.O1:1O:37 001 v496 EFTA00197889 CLEARED THROUGH ITS vniCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 COO. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue Ore Mevolech Centm North Beccidon. New Ye* I12O1.3669 STEARNS New York. Now York 10167 INSTITUTIONAL INTERESTS 6 o STATEMENT PEF000 Jul/ 28.2001 THROUGH August 31.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER WEBER DIVIDENDS LAST STATEMENT Jul/ 27.2001 EWE DESORPTION SYMBCLASUSIP OUANMY RATE MI DEBIT AMOUNT CREDIT AMOUNT 08/01/01 TYCO INTERNATIONAL LTD 64.467 0.0125 805.84 REC 07/02/01 PAY 08/01/01 08/01/01 TYCO INTERNATIONAL LTD 687.50 DIV CHG 55000 SHS SHORT REC 07/02/01 PAY 08/01/01 TOTAL $587.50 $805.84 INTEREST DATE OESCRenON SYkleCtrCtoSIP OUANMy RATE I%l DEBT AMOUNT CREDIT AMOUNT 08/21/01 INTEREST ON CREDIT BALANCE 3.2500 2,491.90 AT 3 1/4% 07/21 THOU 08/20 08/21/01 SHT ACCT FEE 07/21-082001 28,189.07 TOTAL 530,680.97 MISCELLANEOUS DATE ODOM TRANSACTION DESCRIPTION DENT AMOUNT CP£UT AMOUNT 07/30/01 JOURNAL MARK TO MARKET 76,249.00 07/30/01 JOURNAL MARK TO MARKET SHORT POS 76.249.00 08/06/01 JOURNAL MARK TO MARKET 92.215.00 08106/01 JOURNAL MARK TO MARKET SHORT POS 92,215.00 08+07/01 JOURNAL FROM: 635.19 • JRL • 08/13/01 JOURNAL MARK TO MARKET 7,527.00 08/13/01 JOURNAL MARK TO MARKET SHORT POS 7.527.00 027 09,01,01:10:37 001 V496 EFTA00197890 CLEARED 1HRCOGH ITS wuCkLY O‘M•E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Best. SZetrns SOC,r.I*1 Dory. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Cc* MetteleCh Conte< North Beccidon. New Tex 112014859 STMRNS INSTITUTIONAL INTERESTS 7 STATEMENT PERIOD JO 28.2001 THROUGH August 31.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMMER MISCELLANEOUS (continued) LAST STATEMENT Juk 27.2001 DATE MOAT TFONSACTCN DESCRIPM« DEBIT AMOUNT GREW ANJUNT 08/20/01 JOURNAL MARK TO MARKET 115,933.00 08/20/01 JOURNAL MARK TO MARKET SHORT POS 115,933.00 08/22/01 JOURNAL FROM: 1.02 RESIDUAL BALANCE • JRt • 08.(27/01 JOURNAL MARK TO MARKET 222,720.00 08/27/01 JOURNAL MARK TO MARKET SHORT POS 222,720.00 TOTAL $-514,644.00 $515,280.21 End of Statement 027 0901/01;10:37 001 9498 EFTA00197891 CLEARED THROUGH ITS WHOLLY 01WE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear. Stearns SOCifiliel Cap. Bear. Stearns 8. Co. Inc. BffiR 245 Park Avenue New York, New York 10167 Cr*Mettotech Cooler NMI Elecck/m, Ne* Tat 112013859 STffiRNS INSTITUTIONAL INTERESTS STATEMENT PERKO June 30.2001 ACCOUNT EXECUTIVE GI:HERMANAA TELEPICAE THROUGH July 27.2001 VISIT OUR WEBSITE 4\1 uear steams.com ACCOUNT NUMBER What's In This Statement lllllllllllllllll II TAXPAYER NUMBER LAST STATEMENT June 29.2001 Financial Summary 3 INSTITUTIONAL INTERESTS 4 FINANCIAL TRUST CO TTEE Your Portfolio Holdings ATTN JEANIE BRENNEN Transaction Detail 5 6100 RED HOOK QUARTER Fund Activity 6 SUITE B-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash & Equvalent — $36.918.785 TOTAL VALUE OF SECURITIES THIS PEROD 3.520.791 $33.537.633 NET CREDIT BALANCE 10.403.420 $13.675.956 : $-10.165.166 Equines MONEY MARKET FUND BALANCE 26.515.365 f ■ $16.778,032 : $-10.080.603 NET EQUITY THIS PERIOD $40.439.576 E. Current market value Last statement's market value Short market value NET EOUITY LAST STATEMENT 40,235.162 CHANGE SINCE LAST STATEMENT 204.414 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Rama ropal any Olbf01100 a nusrocoBt of thiCkS or SIOCI(S. «kola4 as d011afea lo nou. nes eximant Is for InTaIllat«al preens otitis rue «ended ante. ckarrant b CIol Sonic°. of 8004:14-1428: a Gro to ChM sank« at Bow. &oar@ &canes Tres erterel shard be reared for yaw records See ream tale rar aware nikaotra Caw.. Co. Mflolali COMO. North. °roc**. NY II201.3$59 027 072&01:10:18 001 v482 EFTA00197892 CLEARED 1HROUGH nS 0"E0 SUBSIDIARY Beer. Szewee Secwititi COO. Ce4 Meal:tech COM0( NOM Beccidon. Hew Year 11201.3859 INSTITUTIONAL INTERESTS 2 PI 7 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0728,01:10:18 001 V482 EFTA00197893 CLEARED 1HRWGH YosekLY O"EO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beef. SZeirns S0C."44, 7 GOO. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Ore Mosolcch Conte HMO en:Ck/O1. New VC* 11201.3859 STEARNS INSTITUTIONAL INTERESTS 3 STATEMENT PERIOD June 30.2001 THROUGH Jul/ 27.2001 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER AMBER THIS PENCO CCENN3 CLOSNO LAST STATEMENT June 29.2001 Opening Balance $10,337,633.08 Cash 384.71 69,259.64 Securities Sold 3,285,908.41 Margin 85,528.89 255,244.89 Money Fund 15,364.90 Shod 10,251.719.48 10,078.915.23 Funds Deposited 5,431,205.80 Net Cash Balance $10,337,633.08 $10,403.419.76 Dividends/Interest 72,469.22 Amount Credited $8,804,948.33 Money Fund -3,315.364.90 Income Summary Funds Withdrawn -864.075.00 pERco YEAR 7O DATE Dividends 58,398.02 171,439.28 Dividends/Interest Charged -30.729.75 Credit Balance Int. 1.794.60 38,894.13 Miscellaneous -4.528.992.00 Total $60.192.62 $210,333.41 Amount Debited $4.739.161.65 Your Portfolio Net Cash Activity 65,786.68 Allocation Closing Balance $10,403,419.76 Portfolio Composition Same Oar 'awes or cast. bemoan acccuri midi ato ne Included in Ms cocoon: such ItallfierS. as wall z domls lot al cent transztras ins p000d. LONG appeal in Traroxticn Dotal. Cash/Cash Equivalent 36.918,785 Equities 23% Equities 10,155,165 13.675,956 Total $10,155.165 $50,594,741 Cash & Equwaleni Shut Eqtaties 61% 16% UM.SaCIOCI POMO, ' denote debt 0dono, onto* Orl make vela, The ol000m ;event'', is owed Iron to obsoLte market rat), dl ycv palkno 027 072801:10:18 091 V482 EFTA00197894 CLEARED THROUGH ITS ?RIMY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,r44,1 Gap. Bear. Stearns & Co. Inc. BUR 245 Park Avenue New Y New York 10167 0-414cm:tech Cella North Beccidon. New Ye* 11201.3859 STEARNS INSTITUTIONAL INTERESTS 4 STATEMENT PERIOD June 30.2001 THROUGH Jul/ 27.2001 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER I.X.M3ER EAST sTATELIENT June 29.2001 MARKET ESTIMATED DESCRPRON STMOOLCUSP OLIANRTY PRCE VALUE ANNUAL tICOME CASH BALANCE 10.403,420 DREYFUS CASH MANAGEMENT-CL A 26,515,364.90 1.0000 26.515,365 1,087,130 INSTITUTIONAL SHARES TOTAL CASH & CASH EQUIVALENTS $36,918,785 $1,087,130 EQUITIES Equities & Options ACCT MARKET ESTEMTED CURRENT DESCRPTION SYMP./CUSP ITTE crummy PRCE VALUE ANATOL INCOME VELD DO BANK PLUS CORP CASH 10,000 7.0000 70,000 MEDTRONIC INC CASH 133,355 48.5500 6.474.385 30,672 0.4737 MEDTRONIC INC SHRT -75,300 48.5500 -3.655,815 -17.319 0.4737 PNC FINANCIAL SVCSGROUP INC CASH 60.862 64.5900 3.931.077 116.855 2.9726 PNC FINANCIAL SVCSGROUP INC SIM -55,000 64.5900 -3.552,450 -105,600 2.9726 TYCO INTERNATIONAL LID CASH 59,733 53.5800 3.200.494 2,987 0.0933 TYCO INTERNATIONAL LID Total Equities& Options • SKID -55,000 53.5800 -2.946,900 $3,520,791 -2,750 $24,845 0.0933 TOTAL EQUITIES $3,520,791 $24,845 YOUR TOTAL ESTIMATED ANNUAL INCOME $1,111,975 YOUR PRICEDPORTFOLIOHOLDINGS $40,439,575 027 0701/0110:1S 001 V4S2 EFTA00197895 CLEARED THROUGH ITS ?RIMY 0%M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeirns Seomel Cory. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 CeoLlevalech Contm North Beccidon. New Tuft 11201.3859 STEARNS INSTITUTIONAL INTERESTS 5 STATEMENT PER100 June 30.2001 THROUGH Jul/ 27.2001 Transaction Detail ACCCUNT NUMBER TAXPAYER KAMER INVESTMENT ACTIVITY LAST STATEMENT June 29.2001 SETTLEMENT TRADE DATE DATE TRANSACTION OESORPTION STLIBOLCUSE °Perm PRICE DEBIT AMOUNT OREM PAAJUNT 07/18/01 07/13/01 SOLD MEDTRONIC INC M -58,055 46.00230 2,667,091.20 WITH RIGHTS TO PURCHASE PREFRD SW UNDER CERTAIN CIRCUMSTANCE UNSOUCRED 07/18/01 07/13/01 SOLD PNC FINANCIAL SVCSGROUP INC UNSOLICITED • -5,861 64.32430 376,640.49 07/18/01 07/13/01 SOLD TYCO INTERNATIONAL LTD N 4,734 51.21860 242,176.72 UNSOLICITED TOTAL 53,285,908.41 DEPOSITS AND WITHDRAWALS DATE TRANSACT°. DESCRPTION DEBIT Amon CREDIT AMOUNT 07/02/01 FND WIRED MDAMMB128760FNDSWIRED TO 754,832.00 REP 07/02/01 FUNDS REC FNDS WIRED TO CITIBANK FROM 5,431,205.80 07/09/01 FND WIRED MDAMMB132053ENDSWIRED TO 109,243.00 TOTAL S-864.075.00 55,431,205.80 027 OM/01:10:18 001 V482 EFTA00197896 CLEARED THRWGH ITS 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC.,44.1 COO. Bear. Stearns & Co. Inc. BUR 245 Park Avenue New Y New York 10167 0-4 Mem:leen Cella North Betatron. Nev. Year 11201.3869 STEARNS INSTITUTIONAL INTERESTS 6 STATEMENT PER100 June 30.2001 THROUGH Jul/ 27.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMBER MONEY FUND ACTIVITY LAST STATEMENT Julie 29.2001 DATE MDDAY 1134%1;14113N DESCAIPTPN SYMBOUCUSIP Own- PR c€ DEBIT AMOUNT CREDIT AMOUNT 06/30/01 OPENINGBALANCE 23.200.000 07/02/01 DIVIDEND paYflikaSMIIGEMENT-CA. A 15,364.90 MONTHLY DIVIDEND 07/02/01 REINVEST DREYFUS CASH MANAGEMENT-CA. A 15.364.90 15.364.90 INSTITUTIONAL SHARES DIVIDEND REINVESTED 07/24/01 BOUGHT DREYFUS CASH MANAGEMENT-CA. A 3.300.000 1.0000 3.300.000.00 INSTITUTIONAL SHARES BU FD 07/27/01 CLOSINGBALANCE 26,515,364.90 TOTAL $-3.315.364.90 $15.364.90 DIVIDENDS DATE CESCRPTiON OUNNTRY PATE 4S) GENT AMOUNT CREDIT AMOUNT 07/09/01 MEDTRONIC INC 4.329.75 DIV CHG 75300 SHS SHORT REC 07/0601 PAY 07/27/01 07/16/01 PNC FINANCIAL SVCS GROUP INC 26.400.00 DIV CHG 55000 SHS SHORT REC 07/1201 PAY 07/24/01 07/24/01 PNC FINANCIAL SVCS GROUP INC 66,723 0.4800 32,027.04 REC 07/1201 PAY 07/24/01 07/27/01 MEDTRONIC INC a 191,410 0.0575 11,006.08 REC 07/06(01 PAY 07/27/01 TOTAL $-30,729.75 $43,033.12 027 07.28.171:10:18 001 v4S2 EFTA00197897 CLEARED THROUGH ITS Putty, OBT.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC.P44.1 COP Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Cc* Mevolech Coma North Bewoon. New Year 11201 3859 STEARNS INSTITUTIONAL INTERESTS 7 STATEMENT PERO° June 30.2001 THROUGH Jul/ 27.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER MAWR INTEREST LAST STATEMENT June 29.2001 DATE DESORPTION STMEICTIGUSIP OUPARITT RATE IR/ DEBT AMOUNT CREDIT AMOUNT 07/23/01 INTEREST ON CREDIT BALANCE 3.5000 129.25 AT 3 1/2% 06121 THRU 06/26 07/23/01 INTEREST ON CREDIT BALANCE 3.2500 1,665.35 AT 3 114% 06127 THRU 07/20 07/23/01 SHT ACCT FEE 062i-072001 27.641.50 TOTAL $29.436.10 MISCELLANEOUS DATE MD.OAT TRANSACTOR DESCRIP00R DEBIT AMOUNT CREPT ATADUNT 07/02/01 JOURNAL T0047-30185 4,528,992.00 PER WA 67/6±,61 .6111,1M. MAr-v1Y6tvlAtiiiti 171,218.b6 07/02/01 JOURNAL MARK TO MARKET SHORT POS 171,216.00 07/09/01 JOURNAL MARK TO MARKET 125.707.00 07/09/01 JOURNAL MARK TO MARKET SHORT POS 125,707.00 07/16/01 JOURNAL MARK TO MARKET 55.266.00 07/16/01 JOURNAL MARK TO MARKET SHORT POS 55,266.00 07/23/01 JOURNAL MARK TO MARKET 182,473.00 07/23/01 JOURNAL MARK TO MARKET SHORT POS 182.473.00 TOTAL 5.5.063.654.00 $534.662.00 End of Statement 027 07.28/01:10:18 001 v4S2 EFTA00197898 CLEARED THROUGH ITS WHOLLY 01WED SUBSIDIARY OFFICE SERVICING YOUR ACCOLIVT Stir. ROAMS S001iIIRT Corp. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New York New York 10167 hoo Montech Conte Noah 8tCCk411, Hen Toe 11201.3555 STEARNS INSTITUTIONAL INTERESTS ACCOUNT EXECUTIVE ZI3HEHMAN.IRA STATEMENT PERIOD May 26.2001 TELEPHONE THROUGH June 29.2001 VISIT OUR WEBSITE 6.hw.uentearns.com ACCOUNT NUMBER What's In This Statement IIIIIIIIIIIIIIIII II TAXPAYER NUMBER LAST STATEMENT May 25.2001 Financial Summary 3 INSTITUTIONAL INTERESTS FINANCIAL TRUST CO TTEE Your Portfolio Holdings 4 ATTN BRENNEN Transaction Detail 5 6100 RED HOOK QUARTER Fund Activity 5 SUITE 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 $33.537.633 more than one statement TOTAL VALUE OF SECURITIES THIS PEFUOD 6.697.529 $10.306.531 in this envelope. Beginning NET CREDIT BALM CE 10.337.633 I $16.778.032 : $40.080.503 this month. alt statements Equities with the same Address and MONEY MARKET FUND BALANCE 23.200.000 I $16.458.822 : $-10.124.750 Social Security number / Taxpayer Identification Current market value NET EQUITY This PERIOD $40.235,162 number are being mailed in litE Last statements market value one envelope. For further I=I Short market value details, please contact your NET EQUITY LAST STATEMENT 16.640.603 account executive. CHANGE SINCE LAST STATEMENT 23.594.559 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roza copal ant ditoroceo a rawoont of tan or socks. nelleacel as clottraoti to Sou. Amy tin. 0""I'Y a for Mcdesemel moose, cely a k oce Mended as a rat doomed SoNIon of 800611.1128: a yet to Clam SONICOS a Boor. Steam &canes Tin staternere NNW Et retained for your records Sit reverse safe Pr irremclott rdormacce On.. Co. Mental, Carla North. BrooN,n, NY I I201.9859 027 07.01.01:00:26 001 V491 EFTA00197899 CLEARED 'THROUGH nS WHOLLY OWNED SUBSIDIARY 1308i. SOMAS SoovMIPs GOI0 Ono Llevotech Confer Hann BreaIgn. Hew Vatic 11201.3859 INSTITUTIONAL INTERESTS 2 Ole STATEMENT BACKER IS PRINTED ON THIS PAGE 027 IA01.01:00:26 001 Y481 EFTA00197900 CLEARED 1HRWGH ITS vniCkLY 1e.EO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Steams S0N, t4,1 Cop. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Ore Llevolech Center North Becck/on. New Tuft 11201.3819 STEARNS INSTITUTIONAL INTERESTS 3 n, STATEMENT PERIOD May 26, 2001 THROUGH June 29.2001 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER DaS PERIOD YEAR TO DATE THIS PEFICO LAST STATEMENT May 25.2001 Opening Balance $10,306,531.49 Dividends 0.00 113,041.26 Credit Balance Int. 384.71 37.099.53 Funds Deposited 23,200,000.00 Total $384.71 8150.140.79 Dividends4nterest 31,101.59 Amount Credited $23,231,101.59 Money Fund -23.200.000.00 Portfolio Composition Amount Debited $-23200.000.00 SOCA! LONG Net Cash Activity Cash/Cash Equivalent 33.537,633 31,101.59 Equities 10.080.503 16.778,032 Closing Balance 810 337 633.08 Some dot 7aalem et Cain between amour. Imes we not am-Wee:maws Total $10,080.503 $50.315.665 itegve Ugh ttenzttte ae vel 5 6515 at on iranssuara Pm Rood. ef404t In Initc565 D051 Your Portfolio Allocation Cash Balance Summary MANG CLOSING Cash 0.00 384.71 Equities Margin 24,732.89 85,528.89 28% Short 10.281.798.60 10,251,719.48 Net Cash Balance $10,306.531.49 $10.337.633.08 Cash & Equivalent 56% Short Equities 16% Unte550 VW00.5 eon,* oat 014, ce *nett Or, male aye, Tea plevernn ;event'', teetered Iron Va etwoLte market rat), 01 >CV p."005 027 O7,O1,O1DO:26 001 V481 EFTA00197901 CLEARED THROUGH ITS 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs S0C,r44,1 Cory. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 0-41km:tech Cella North Beccidon. New Ye* 11201.3819 STEARNS INSTITUTIONAL INTERESTS 4 STATEMENT PERIOD May 26.2001 THROUGH June 29.2001 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER MASSER LAST STATEMENT May 25.2001 MARKET ESTIMATED DESCROION STMOOLCLISP OLIANTITY PRCE VALLE ANNUAL tICOLIE CASH BALANCE 10.337,633 DREYFUS CASH MANAGEMENT-CL A 23,200,000 1.0000 23.200.000 1.067,200 INSTITUTIONAL SHARES TOTAL CASH & CASH EQUIVALENTS $33,537,633 $1,067.200 EQUITIES Equities & Options ACCT MARKET ESTIMIED DJRFENT DESCRPTION STM8CliCUSIP TNT carman PRCE VN.I AHMJN. INCOME TEED IM BANK PLUS CORP CASH 10,000 6.8100 68.100 MEDTRONIC INC CASH 191,410 46.0100 8.806.774 44,024 0.4999 MEDTRONIC INC SHAT -75,300 46.0100 -3.464,553 -17.319 0.4999 PNC FINANCIAL SVCSGROUP INC CASH 66.723 65.7900 4.389.706 128.108 2.9184 PNC FINANCIAL SVCSGROUP INC SHAT -55,000 65.7900 -3.618,450 -105,600 2.9184 TYCO INTERNATIONAL LID CASH 64,467 54.5000 3,513.452 3.223 0.0917 TYCO INTERNATIONAL LID Total Equities& Options • SKID -55,000 54.5000 -2.997,500 $6,697,529 -2,750 $49,686 0.0917 TOTAL EQUITIES $6,697,529 $49,686 YOUR TOTAL ESTIMATED ANNUAL INCOME $1.116.886 YOUR PRICEDPORTFOLIOHOLDINGS $40.235.162 027 07,0I,01:00:26 001 V481 EFTA00197902 CLEARED THRWGH ITS niCkLY CA1h.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szetrns SON, TRI Cory. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 0-414cm:tech Center North Beccidon. New Tot 11201.3819 STEARNS INSTITUTIONAL INTERESTS 5 c/ STATEMENT PERIOD May 26.2001 THROUGH June 29.2001 Transaction Detail ACCCUNT NUMBER TAXPAYER WESER DEPOSITS AND WITHDRAWALS LAST STATEMENT May 25.2001 DATE TIMNSACDCN DESCRP110/1 DEBIT AITOIN" CREDIT AMOUNT 06/25/01 FUNDS REC FNDS WIRED TO CITIBANK FROM 23.200.000.00 CTC NJ F041176012EC01 TOTAL $23.200.000.00 MONEY FUND ACTIVITY DATE wow TRANSACTION DESCRIPTION STMECL.CuSIP °BANTRY PaCE DEBIT AMOUNT CREDIT AMOUNT 05/28/01 OPENINGBALANCE 0.00 06/25/01 BOUGHT DREYFUS CASH MANAGEMENT-CL A 23.200.000 1.0000 23.200.000.00 INSTITUTIONAL SHARES 06/29/01 CLOSINGBALANCE 23.200.000 TOTAL $-23.200.000.00 INTEREST DATE DESCRIPTION STAIDOUCLISIP °unsay RATE re4 CENT AMOUNT CREDIT AMCWIT 06/21/01 INTEREST ON CREDIT BALANCE 3.5000 384.71 AT 3 1/2% 05/21 THRU 06/20 06/21/01 SHY ACCT FEE 0521-062001 30.716.88 TOTAL $31.101.59 027 0701,01:00:26 001 V4S1 EFTA00197903 CLEARED THROUGH ITS YrisekLY CAM•E0 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 Metsolech Contm North Becck/on. New Ye* 11201.3819 STEARNS INSTITUTIONAL INTERESTS 6 STATEMENT PERIOD May 26,2001 THROUGH June 29.2001 Transaction Detail (continued) ACCCUNT smear, TAXPAYER WESER MISCELLANEOUS LAST STATEMENT May 25.2001 DATE MaIMY TRAAISACTCN DESCRIPTCN DEWY AMOUNT CREW AMOUNT 05/29/01 JOURNAL MARK TO MARKET 157,048.00 05/29/01 JOURNAL MARK TO MARKET SHORT POS 157,048.00 06/04/01 JOURNAL MARK TO MARKET 71,199.00 06/04/01 JOURNAL MARK TO MARKET SHORT POS 71.199.00 06/11/01 JOURNAL MARK TO MARKET 20,956.00 SIXL AA IMIXIIKErgAiBlir .956.00 Okiate J6UMAL FAAAiCYOXIXAREY 199.389.00 687i fuel J6UMAL fvfAAI1 YO 'MARKET tHLSIArisbe 1§§.5a9.00 06125/01 JOURNAL MARK TO MARKET 203,486.00 06/25/01 JOURNAL MARK TO MARKET SHORT MS 203,486.00 TOTAL 5652.078.00 $652,078.00 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 07,01,01:00:26 001 V481 EFTA00197904 CLEARED 1HRCUGH ITS YiHOLLY 01ThED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 8081. ROAMS SOOtrilitl Co,9. Bear. Stearns 8. Co. Inc. BEAR 245 Park Avenue New York, New York 10167 Ono Mentech Corder Noah Becck/on. Nee; Toast 1120/3859 STEARNS INSTITUTIONAL INTERESTS ACCOUNT EXECUTIVE CHERMAN.IRA STATEMENT PERIDO 1V111 28. 2001 TELEPHONE THROUGH May 25.2001 VISIT OUR WEBSITE eehH uearstearns.com ACCOUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER NUMBER LAST STATEMENT Aga 27.2001 Financial Summary 3 INSTITUTIONAL INTERESTS FINANCIAL TRUST CO TTEE Your Portfolio Holdings 4 ATTN JEANIE BRENNEN Transaction Detail 5 6100 RED HOOK QUARTER SUITE B-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Important Message In an ef fort to deliver Cash S Egwvalent $10.306.531 statements to you more TOTAL VALUE OF SECURITIES THIS PER)DD 6.334.072 efficiently. Bear Steams NET CREDIT BALANCE 10.306.531 has enhanced the Equities — $16.458.822 : S-10.124.750 distribution of statements .. $16.402. : $.9.929.275 to household accounts. NET EQUITY TINS PERIOD $16.640.603 Beginning in June.all ME Current market value statements with the same NET EOUITY LAST STATEMENT 17,144.007 gilM Last statements market value Address and Social Security C Short market value number/ Taxpayer CHANGE SINCE LAST STATEMENT -503,403 identification number wil be mailed in a single envelope. For further 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. Plo.mo rood aror Mame a rs:orocelg PI &otos or Mocks. nelicolcd as &Woad lo p5u. T1.181•••Yaryskt Ok0s8001181 popows **yak rce Mended as a lit does wt. 10 ChM Son1coo of 800611.1128: a yet lo Choi Sonic.. a Boot. Stoorra Sccuilies Ca,.. Co. LleflIodi Carlo. Ranh. Brodbri, NY Ino:knee St Nes scatemere Maid he retained for your records Sn revers* ode fa rowan egormacco 027 05,26,01:10:08 001 v478 EFTA00197905 CLEARED 1HROUGH nS 0"E0 SUBSIDIARY Beer. Szewee Secwititi GOO. Ce4 Meal:tech COM0( HMO Beccidon. Hew Year 11201.3859 INSTITUTIONAL INTERESTS 2 al 8 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 052601:10:08 001 V478 EFTA00197906 CLEARED IHRWCH ITS inisCrtiv Orth.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet. Screams Sec.v.t.ti Cop. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 1O167 Coe Mehoiech Caring North Mecioin. New Toot 11201.3859 STEARNS INSTITUTIONAL INTERESTS 3 STATEMENT PERO° A0M 28 2001 THROUGH May 25.2001 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER AMBER THIS PERIO0 PERCO YEAR TO DATE LAST STATEMENT AM 27.2001 Opening Balance $1O.671.O69.52 Dividends 8O5.84 113,O41.26 Credit Balance Int. 2,692.1O 36,714.82 Funds Deposited 600.000.00 Total $3,497.94 $149,756.08 Dividends/Interest 35,461.97 Amount Credited $635,461.97 Funds Withdrawn -1.OOO.OOO.OO Portfolio Composition Amount Debited $.1.000.000.00 Mar LONO Net Cash Activity -364.538.O3 Cash/Cash Equivalent 1O.3O6,531 Equities 10,124,750 16.458,822 Closing Balance $1O 3O6 531.49 Same cloy vanity, ce calf, t..p”, are not inatxled m we Total $1O,124,75O $26,765,353 isaion such trynyttts ay ‘wil ... transacMas Hs WOO .1Y.Com In hatcange, Dotal Your Portfolio Allocation Cash Balance Summary CLOSNG Cash 198,815.95 0.00 28%ash 8 Equivalen C Margo 378,240.00 24,73a89 Short 1O,O94,O13.57 1O,281,798.6O 7 / Equities 45% Net Cash Balance $1O,671,O69.52 $1O,3O6,531.49 Short Equities 27% Unshaded croons own,* oat tnionc., anciV shot unor144 veto*, rho ,torah,, rertenlar is Owed horn ea ebtoMe murky, rat), pi >vv patkno 027 05.260110:08 001 V478 EFTA00197907 CLEARED THROUGH ITS YrisekLY OMnE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szewns Sec,r,bei COO. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue Ore Metsolech Cardm North Beccidon. New Ye* 11201.3859 STEARNS New Y New York 10167 INSTITUTIONAL INTERESTS 4 STATEMENT PERIOD ROW 28.2001 THROUGH May 25.2001 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER KINSER LAST STATEMENT 4n1 27,2001 TAARKET (STEWED DESCRPRON SYMBOLCUSP OUANTITT PRCE VALLE ANNUAL INCOME CASH BALANCE 10.306.531 TOTAL CASH & CASH EQUIVALENTS $10,306,531 EQUITIES Equities & Options ACC! MIACE1 ESTIMATED CURRENT CoESCRP7)0/4 SYSIBOUCuSIP TYPE DUANTITT PACE VALLE ANNUAL COOLIE YELD I%1 BANK PLUS CORP CASH 10,000 5.1500 51,500 MEDTRONIC INC CASH 191,410 42.5000 8.134.925 38.282 0.4706 MEDTRONIC INC SHRT -75,300 42.5000 -3.200,250 -15.060 0.4706 PNC FINANCIAL SVCSGROUP INC CASH 66,723 69.1500 4.613.895 128.108 2.7766 PNC FINANCIAL SVCSGROUP INC SHRT -55,000 69.1500 -3.803,250 -105.600 2.7766 TYCO INTERNATIONAL LTD CASH 64.467 56.7500 3.658.502 3.223 0.0881 TYCO INTERNATIONAL LTD Total Equities& Options • SHRT -55.000 56.7500 -3.121,250 $6,334,072 -2,750 $45,203 0.0881 TOTAL EQUITIES $6,334,072 $46,203 YOUR TOTAL ESTIMATED ANNUAL INCOME $46,203 YOUR PRICEDPORTFOLIOHOLDINGS $16,640,603 027 05r2801:10:08 001 V078 EFTA00197908 CLEARED THROUGH ITS wiseklY 00nED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet SZetrns S0O,4*1 GOO. BOIR Bear. Stearns 8 Co. Inc. Ore MeeseWen Conte< North 245 Park Avenue etc.:Wm. New Te" 11201.3859 STffiRNS New York. New York 10167 INSTITUTIONAL INTERESTS 5 v, STATEMENT PER100 Apra 28.2001 THROUGH May 25.2001 Transaction Detail ACCOUNT NUMBER TAXPAYER WITMER INVESTMENT ACTIVITY LAST STATEMENT Apra 27.2OO1 SETTLEMENT TRADE DATE DATE TRANSXOOO DESCRIPTION SIIMEICE,CUSP CATMINT PRCE DEBIT AMOUNT CgED1 0922/01 JOURNAL TYCO INTERNATIONAL LID 64,467 JOURNAL FROM TYPE 1 TO 2 05/22/01 JOURNAL TYCO INTERNATIONAL LTD 64,467 JOURNAL FROM TYPE 1 TO 2 051~1 JOURNAL TYCO INTERNATIONAL LTD 64,467 JOURNAL FROM TYPE 2 TO 1 05123101 JOURNAL TYCO INTERNATIONAL LTD .64.467 JOURNAL FROM TYPE 2 TO I TOTAL DEPOSITS AND WITHDRAWALS DATE TRANSACTel DESORPTION DEBIT AMOUNT CREDIT AMOUNT 05/22/01 FND WIRED MDA#MB107062 UST COMPANY FD#03210 05/22101 FUNDS REC MDS NJWIRED TOCITIBANK FROM 600.000.00 CTC F07114200FA501 TOTAL $-1.000.000.00 5600.000.00 DIVIDENDS DATE DESCRPTKiv SvmD0_,CuStv OuANTiTY RATE (Si con AMOUNT CAECCI AMOUNT 05/02101 TYCO INTERNATIONAL LTD ■ 64.467 0.0125 805.84 REC 04/02101 PAY 05/02,01 TOTAL $805.84 02? 0526.01:10:08 031 0478 EFTA00197909 CLEARED THROUGH ITS »CM.? Ot1P.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. ST/Prns SAP‘r•IMI CAP Bear. Stearns 8, Co. Inc. BEAR 245 Park Avenue New YY New York 10167 CcoMetsolech Conte< North Brock/pl. New Te" 11201.3819 STD;RNS INSTITUTIONAL INTERESTS 6 STATEMENT PERIOD April 28 2001 THROUGH May 25.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMMER INTEREST LAST STATEMENT April 27.2001 DATE DESORPTION SYSIDWISUSIP ouivany RATE re DEW AMOUNT CITED11 AMOUNT 05/21/01 INTEREST ON CREDIT BALANCE 3.5000 663.36 AT 3 1/2% MIS THRU 05/20 05/21/01 INTEREST ON CREDIT BALANCE 4.0000 2,028.74 AT 4,000% 04/21 THRU 05114 05/21/01 SHT ACCT FEE 0421-0520 01 31,964.03 TOTAL $34,656.13 MISCELLANEOUS DATE MOONY TRANSACTCP DESCRIPTCN DEEP AMOUNT CREPT APPJUNT 04/30/01 JOURNAL MARK TO MARKET 164,738.00 04/30/01 JOURNAL MARK TO MARKET SHORT P06 164,738.00 05/07/01 JOURNAL MARK TO MARKET 82.562.00 65,67/61 J6LkIAL FitS1417.6t 05/14/01 JOURNAL MARK TO MARKET 312.021.00 05/14/01 JOURNAL MARK TO MARKET SHORT P06 312,021.00 05/21/01 JOURNAL MARK TO MARKET 715,142.00 05/21/01 JOURNAL MARK TO MARKET SHORT P06 715.142.00 05/22/01 JOURNAL JOURNAL FROM TYPE 2 TO 1 1,000.00 05/22/01 JOURNAL JOURNAL FROM TYPE 2 T01 796,686.11 05/22/01 JOURNAL JOURNAL FROM TYPE 2 TO 1 1,000.00 05/22/01 JOURNAL JOURNAL. FROM TYPE 2 TO 1 796,686.11 05/23/01 JOURNAL JOURNAL FROM TYPE 1 TO 2 600,000.00 05/23/01 JOURNAL JOURNAL FROM TYPE 1 TO 2 600.000.00 TOTAL 5-2,672.149.11 $2.672.149.11 02? 01.2 1.10 Cw 031 V4/8 EFTA00197910 CLEARED THROUGH RS WHOLLY OwnIED SUOMI:HAM. OFFICE SERVICING YOUR ACCOUNT Emu. Roams SeaOlin Cap. Bear. Stearns 8. Co. Inc. BffiR 245 Park Avenue New York, New York 10167 Ono Movotoch Center Noah EM:dtIgo. New Yak 1120/3859 STffiRNS INSTITUTIONAL INTERESTS STATEMENT PERK* Match 31.2001 ACCOUNT EXECUTIVE LICHERMAN.IRA TELEPEONE THROUGH April 27.2001 VISIT OUR WEEISITE nww.cearsteams.com ACCOUNT NUMBER What's In This Statement IIIIIII11111111II II TAXPAYER AVIER LAST STATEMENT March 30.2001 Financial Summary 3 INSTITUTIONAL INTERESTS 4 FINANCIAL TRUST CO TTEE Your Portfolio Holdings ATTN JEANIE BRENNEN Transaction Detail 5 6100 RED HOOK QUARTER SUITE B-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash & Eqavakhnt — $10.671.070 TOTAL VALUE OF SECURITIES THIS PEROD 6.472.937 $10.849.603 NET CREDIT BALANCE 10.671.070 $16.402.. : S-9.929.275 Equities — I $16.118.114 • $.9.548.122 NET EQUITY THIS PERIOD $17.144.007 - Current market value NET EQUITY LAST STATEMENT 17.419.595 afi Last statements market value CI Short market value CHANGE SINCE LAST STATEMENT -275.588 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Ram row oaf dMINIM& a nonroospx of tees or mocks. ..mewed as &Moms lO >cu. SOT InIca~lpisposes ra «ended n a rat *aware lo [Joni so coo of 800431-1129: a veto lo Mont Sonkos M Boor. Room &comes Cap.. One Helglort Conk. North. Bfookhn, NY 118014850 ar Rim ~MIN a My I Is Tin scaternere sheaf ea retained kr your records Sn reverie sae kr myna ~mama 027 04,28.01:17:05 001 V471 EFTA00197911 CLEARED 1HROUGH RS YiHMV 0"E0 SUBSIDIARY Beer. Szewee Secwititi GOO. Ce4 Meal:tech Cord 1100.11 acedCon. Hew Year 11201.3859 INSTITUTIONAL INTERESTS 2 PI STATEMENT BACKER IS PRINTED ON THIS PAGE 027 042601:17:05 001 V471 EFTA00197912 CLEARED 1HRWGH na vniCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet. Steens S0Prihtt GNP. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Cc* Moo:tech Cella North Becck/on. New Tent 11201.3859 STEARNS INSTITUTIONAL INTERESTS 3 STATEMENT PERIOD Mardi 31.2001 THROUGH April 27.2001 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER KAMER THIS PENOO CPENNO CLOSING LAST STATEMENT Mardi 30.2001 Opening Balance $10.849.602.57 Cash 382.603.35 198.815.95 Funds Deposited 5,019,668.91 Margin 1,235.124.00 378.240.00 Dividends/Interest 82,650.54 Short 9,231,875.22 10,094.013.57 Amount Credited $5,102,319.45 Net Cash Balance $10,849,602.57 $10,671,069.52 Funds Withdrawn -750.000.00 Dividends/Interest Charged -30.852.50 Miscellaneous 4.500.000.00 Income Summary TM PERIOD YEAR TO DATE Amount Debited $-5.280.852.50 DWIdends 41.597.54 112,235.42 Net Cash Activity -178.533.05 Credit Balance Int. 4,946.15 34,022.72 Closing Balance $10,671,069.52 Total $46.543.69 $146,258.14 Same Oaf tanner's cE cosh benteen accost Itpts ate not included in this Your Portfolio sedge. such Iran/era as well as (Peals lot as one fransackee As paned. Allocation appeal In TtiftSMISCO Dotal. Portfolio Composition LOW CashiCash Equivalent 10.671.070 Cash 8 Equivalen Equities 9,929.275 16.402.. 29% Equities Total $9,929,275 $27.073.282 45% Short Equities 26% Untended preens 00n0le 0G0R Deanne ander shol matte, vendee Too elocahr revenue, is Owed horn to ti0S0Lte market rat), al ,TV porkno 027 04/2801:17:05 001 V471 EFTA00197913 CLEARED THROUGH ITS witCkLY 0MhE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BOW. SZeirhs SOC,r44,1 COO. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Ore Mevelech Contm North Beccidon. New Ye* 11201.3819 STEARNS INSTITUTIONAL INTERESTS 4 STATEMENT PERIO0 Mardi 31.2001 THROUGH POI 27.2001 Your Portfolio Holdings ACCCLINT NUMBER CASH & CASH EQUIVALENTS TAXPAYER WESER LAST STATEMENT MATO 30.2001 MARKET ESTMA1W DESCRPRON STMBOLCUSIP OUAN'ITI PRCE VALUE ANNUAL TOCOME CASH BALANCE 10.671.070 TOTAL CASH &CASH EQUIVALENTS $10.671.070 EQUITIES Equities & Options ADC! MARKET ESTIMATED CAMPOS DESCRP7JON SYSIBOUCUSIP TYPE DUANTITT PRCE VALUE ANNUAL COOLIE YELD IS/ BANK PLUS CORP CASH 10,000 5.0200 50,200 MEDTRONIC INC CASH 191,410 44.2500 8.469.893 38.282 0.4520 MEDTRONIC INC SHRT -75,300 44.2500 -3.332,025 -15.060 0.4520 PNC FINANCIAL SVCSGROUP INC CASH 66.723 66.1800 4.415.728 128.108 2.9012 PNC FINANCIAL SVCSGROUP INC SHRT -55,000 66.1800 -3.639,900 -105.600 2.9012 TYCO INTERNATIONAL LTD CASH 64.467 53.7700 3.466.391 3.223 0.0930 TYCO INTERNATIONAL LTD Total Equities& Options • SHRT -55.000 53.7700 -2.957,350 $6,472,937 -2,750 $46,203 0.0930 TOTAL EQUITIES $6,472,937 $46,203 YOUR TOTAL ESTIMATED ANNUAL INCOME $46,203 YOUR PRICEDPORTFOLIOHOLDINGS $17,144,006 027 042601:17:DS 001 V471 EFTA00197914 CLEARED THROUGH ITS ?RIMY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns S0N, t4,1 Dory. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Ore Mevolech Contm North Beccidon. New VC* T1201.3819 STEARNS INSTITUTIONAL INTERESTS 5 c/ STATEMENT PERIOD Mardi 31.2001 THROUGH April 27.2001 Transaction Detail ACCCUNT NUMBER TAXPAYER WESER DEPOSITS AND WITHDRAWALS LAST STATEMENT MVO 30.2001 DATE TRANSACT-4N DESORPTION DEBIT AIAOIANT CREDIT AMOUNT 04/02/01 FND WIRED 78ZWNDSWIRED TO 750,000.00 F0908593 CTC TODAY 04/02/01 FUNDS REC FNDS WIRED TO CITIBANK FROM 5,000.000.00 04/04/01 DEPOSIT HYPERION 1993FD 00 10,620.00 INSTITUTIONAL INTERESTS CM 04/18/01 FUNDS REC Em TO CITIBANK FROM 7.579.91 04125/01 DEPOSIT LIPPER 00 INSITIT INTEREST 1,469.00 CHASE TOTAL 5-750.000.00 $5.019.668.91 DIVIDENDS DATE OESORPTION SYMBOLCUSIP OUPARITt RATE (S) DEBT AMOUNT CREPT AMOUNT 04/09XI1 MEDTRONIC INC 3.765.00 DIV CHG 75300 SHS SHORT REC atom PAY 04/27/01 64/1861 WirifUntigniMINOTIWWW 26,400.00 DIV CHG 55000 SHS SHORT REC 04/13101 PAY 04/24/01 04/24/01 PNC FINANCIAL SVCS GROUP INC 66.723 0.4800 32.027.04 REC 04/13101 PAY 04/24,01 04/26/01 TYCO INTERNATIONAL LTD DIV CHG 55000 SHS SHORT • 687.50 REC 04/02/01 PAY 05/02/01 027 042601:17:06 001 Y471 EFTA00197915 CLEARED THROUGH ITS CA1h.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. szeirns socv,ht, GNP. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Ore Mevolech Ow:1N NOM Beccidon. New Ye* T1201.3819 STEARNS INSTITUTIONAL INTERESTS 6 STATEMENT PERIOD Mardi 31.2001 THROUGH POI 27.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMBER DIVIDENDS (continued) LAST STATEMENT March 30.2001 DVE DESORPTION STMEICIUOUSIP DUANIITY RATE <SI DEBIT AMOUNT ChED11 AMOUNT 04/27/01 MEDTRONIC INC 191,410 0.0500 9,570.50 REC 04/06/01 PAY 04/27/01 TOTAL 9-30.852.50 $41.597.54 INTEREST DATE DESORPTION SYME/CIJCVSIP aMAITITY RATE TM CENT AMOUNT CREW AMOUNT 04/23/01 INTEREST ON CREDIT BALANCE 4.0000 363.76 AT 4,000% 04/18 THRU 04/20 04/23/01 INTEREST ON CREDIT BALANCE 4.5000 4.582.39 AT 4 1/2% 03121 THOU 04/17 04/23/01 SHT ACCT FEE 03/21-04 20 01 36,106.85 TOTAL $41.053.00 MISCELLANEOUS DATE NOWT TRANSACTION DESCRIPTION DEER AMOUNT CREDIT MAJUNT 04/02/01 JOURNAL TO 047-30185 4.500.000.00 PER LOA 04/02/01 JOURNAL MARK TO MARKET 316.24680 04/02/01 JOURNAL MARK TO MARKET SHORT P06 318246.00 04/09/01 JOURNAL MARK TO MARKET 335.618.00 04/09/01 JOURNAL MARK TO MARKET SHORT P06 335,61880 04/16/01 JOURNAL MARK TO MARKET 314,01180 04/16/01 JOURNAL MARK TO MARKET SHORT P06 314.011.00 027 04/2601:17:06 001 V471 EFTA00197916 CLEARED THROUGH ITS 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. S1e9•ns S0C,r44,1 Cap. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 0 -41km:tech Contm North Becci0on. New Ye* 11201.3819 STEARNS INSTITUTIONAL INTERESTS 7 CI STATEMENT PERIOD Mardi 31.2001 THROUGH POI 27.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMBER MISCELLANEOUS (continued) LAST STATEMENT Mardi 30.2001 DATE mayor Trimsacrei DaKmanCN DEBIT AMOUNT CREDIT AMOUNT 04/23/01 JOURNAL MARK TO MARKET 562245.00 04/23/01 JOURNAL MARK TO MARKET SHORT POS 562.245.00 TOTAL 36.028.120.00 $1.528.120.00 End of Statement 027 0$1,28,01:17:05 001 nil EFTA00197917 CLEARED THRCOGH ITS W1ICU.Y OMBED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bain. ROAMS SOOwitit. Cap. Bear. Stearns 8. Co. Inc. BEAR 245 Park Avenue New York New York 10167 Coe Man:tech Cooler Noah 8tCdt/011. Nee; Yak 1120/3959 STEARNS INSTITUTIONAL INTERESTS ACCOUNT EXECUTIVE ZI3HERMAN.IRA STATEMENT PERIOD February 24.2001 TELEPEONE THROUGH March 30.2001 VISIT OUR WEBSITE o.ow.uentearrs.com ACCOUNT NUMBER What's In This Statement II TAXPAYER NUMBER LAST STATEMENT PeOnDity 23.2001 Financial Summary 3 INSTITUTIONAL INTERESTS FINANCIAL TRUST CO TTEE Your Portfolio Holdings 4 ATTN JEANIE BRENNEN Transaction Detail 5 6100 RED HOOK QUARTER Your Messages 7 SUITE B-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Important Notice Decimal Trading is Here for Cash S Equvalent $10.849.603 TOTAL VALUE OF SECURITIES THIS PERIOD 6.569.992 Nasdaq! $11.936.797 Decimal Trading is the shift NET CREDIT BALANCE 10249.603 $16.118.114 : $.9.548.122 from fractional pricing Equities $17.468.761 : S-10.425.085 (e.g.21 1/2) to decimal NET EQUITY THIS PERIOD $17.419.595 pricing (e.g.$21.50)for Current market value equities and options. ISE Last statements market value Nasdaq securities have NET EQUITY LAST STATEMENT 18.980.473 been phased in during March C Short market value CHANGE SINCE LAST STATEMENT -1.560.878 and the remaining securities are scheduled to be trading in decimals in April. There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. For details. visit our website at www.bearstearns. com. Plo.mo mood any clitoronoo a nontoctiot of ctocks or Mocks. eidicolal as Ckanited 10 yOU. Tin anYarYskomfBosalaMI pawls only Is rue doodad as a tar dawns 10 C1401SONIC00 of 800614.1428: a yet to Clam SONIC.. M Bow. Steam &canes Car.. One 1.1flotocli Cala North. °NOV+, NY I12014,54. ST less staternere should be reared fie ever records See revers* sole for reportage Scemacres 027 033101:17:58 001 7466 EFTA00197918 CLEARED 1HROUGH nS witekLY (A1h.E0 SUBSIDIARY Beer. Szewee Secwititi GOO. 0'41km:tech Cord 1100.11 &edam. Hew Year 1120/3859 INSTITUTIONAL INTERESTS 2 PI STATEMENT BACKER IS PRINTED ON THIS PAGE 027 03,31,01:17:58 001 7466 EFTA00197919 CLEARED 1HRWGH na ?AIM? 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Stwirns SOCiribt7 COO. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Ore Metielech Cella North Beccidin. New Tent 11201.3019 STEARNS INSTITUTIONAL INTERESTS 3 STATEMENT PERIOD February 24.2001 THROUGH Mardi 30.2001 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER SANGER THIS PEFICO OPENN3 CLOSING LAST STATEMENT February 23.2001 Opening Balance $11.936.796.91 Cash 0.00 382.603.35 Funds Deposited 79,506.00 Margin 812.968.92 1,235,124.00 Dividends/Interest 50,492.68 Short 11,123,827.99 9,231.875.22 Miscellaneous 1,982,806.98 Net Cash Balance $11,936,796.91 $10.849.602.57 Amount Credited $2,112.805.66 Funds Withdrawn -3,200.000.00 Amount Debited 5-3 200 000.00 Income Summary RIG PERIOD TEAR TO DATE Net Cash Activity -1,087.194.34 Dividends 1.147.00 70,637.88 Credit Balance Int. 8,579.45 29,076.57 ClosingBalance $10 849 602.57 Same day tension c$ cash between mewl byes ate not included in we Total $9,726.45 $99.714.45 Dalian: such Kamen as well as *Nis Iv as other Irantalions Ns period. aPPear in Transadion DNA. Your Portfolio Allocation Portfolio Composition SCAT Lorin CashiCash Equivalent 10.849.603 Cash & Equivalent / Equities 9,548.122 16.118.114 30% Equiriss 44% Total $9.548.122 526.967.717 Shod Equities 26% UnS,oded Freon, oeno* eeoc 014, 0, eneo Viol narks votes Re olotairr cecenisp, is clewed bean to atne7m market rat), al yeis pallo7o 027 07731.01:17:SS 001 7466 EFTA00197920 CLEARED THROUGH ITS ?RIMY OYLMEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BOW. SZeirhs SOC,r44,1 Cory. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 0-c Mem:tech Center North Beccidon. New To* 11201.3019 STEARNS INSTITUTIONAL INTERESTS 4 STATEMENT PERIOD Raman/ 24.2001 THROUGH Mardi 30.2001 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER ARMER LAST sTATELIENT February 23.2001 MARKET ESTMATED COMMON STMBOLCUSP 0UAN'IT1 PRCE VALLE ANNUAL tiCOME CASH BALANCE 10.849.603 TOTAL CASH & CASH EQUIVALENTS $10.849.603 EQUITIES Equities & Options ADC! MARKET ESTIMATED DAMN DESCRP7)0N SYSIBOUCUSIP TYPE DUANTITY PRCE VALLE ANNUAL NCOLIE YELD BANK PLUS CORP CASH 10,000 5.5630 55,630 MEDTRONIC INC CASH 191,410 45.7400 8.755.093 38.282 0.4373 MEDTRONIC INC SHRT -75,300 45.7400 -3.444,222 -15.060 0.4373 PNC FINANCIAL SVCSGROUP INC CASH 66.723 67.7500 4.520.483 128.108 2.8339 PNC FINANCIAL SVCSGROUP INC SHRT -55,000 67.7500 -3.726.250 -105.600 2.8339 TYCO INTERNATIONAL LTD CASH 64.467 43.2300 2.786.908 3.223 0.1156 TYCO INTERNATIONAL LTD Total Equities& Options • SHRT -55.000 43.2300 -2.377.650 $6,569,992 -2,750 $46,203 0.1157 TOTAL EQUITIES $6,569,992 $46,203 YOUR TOTAL ESTIMATED ANNUAL INCOME $46.206 YOUR PRICEDPORTFOLIOHOLDINGS $17,419,594 02? 0391A1:O:S8 001 4466 EFTA00197921 CLEARED THRWGH ITS ?RIMY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,r44,1 COO. Bear. Steams 8 Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Ore IAevoIcch Cella North Deo:kW% New Year 112013859 STEARNS INSTITUTIONAL INTERESTS 5 vl STATEMENT PERIOD February 24.2001 THROUGH Mardi 30.2001 Transaction Detail ACCOUNT NUMBER TAXPAYER WESER DEPOSITS AND WITHDRAWALS LAST STATEMENT PeDruEuy 23.2001 DATE 01/15/01 TPANSACT-O4 FND WIRED DESCRPRON in . TO DEBIT AMOUNT 3,200,000.00 CREDIT AMOUM F0001502 03/30/01 DEPOSIT LIPPEITUR 00 79,506.00 INST TIONCONYEALRTI8RE ME REP NAT EX OF NY TOTAL $-3.200.000.00 579.506.00 DIVIDENDS DATE oescramoN STME/WCLISIP OWARITT RATE (S) DEBT AMOUNT CIRECIT MACWIT 03/08/01 PFIZER INC PFE 900 0.1100 99.00 REC 0'2/16/01 PAY 0310601 03/09/01 ELI LILLY & CO LLY 500 0.2800 140.00 REC 02/16/01 PAY 0310901 03/12/01 UNITED TECHNOLOGIES CORP tux 600 0.2250 135.00 REC 02/16101 PAY 03/1001 03/13/01 JOHNSON& JOHNSON JNJ 650 0.3200 208.00 REC 02/2001 PAY &maim 03/14/01 E I DU PONT DE NEMOURS & CO DD 200 0.3500 70.00 REC 02/15/01 PAY 03/14/01 03/16/01 DUKE ENERGY CORP DUK 1.800 0.2750 495.00 FORMERLY DUKE POWER CO REC 02/16101 PAY 03/16/01 TOTAL $1.147.00 027 03,3H:0T:17:58 DOI V466 EFTA00197922 CLEARED THRWGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,r44,1 COO. Bear. Stearns & Co. Inc. BUR 245 Park Avenue New Y New York 10167 0-41km:tech Cella North Beccidon. New Year 11201.3819 STEARNS INSTITUTIONAL INTERESTS 6 STATEMENT PERIOD Fehmary 24.2001 THROUGH March 30.2001 Transaction Detail (continued) ACCCUNT mower, TAXPAYER WESER INTEREST LAST STATEMENT PeDruEuy 23.2001 DATE DESORPTION STMEIWGUSIP COMMIT RATE I% DEBIT AMOUNT GIIEDTI AMOUNT 03/21/01 INTEREST ON CREDIT BALANCE 4.5000 156.13 AT 4 1/2% 03,20 THAU 03/20 03/21/01 INTEREST ON CREDIT BALANCE 5.0000 8,423.32 AT 5,000% 02/21 MAU 03/19 03/21/01 SHT ACCT FEE 02 21-0320 01 40,766.23 TOTAL $49,345.68 MISCELLANEOUS DATE MODAT TRANSACTOI Dessau-non DEBIT AMOUNT CREDIT AMOUNT 02/28/01 JOURNAL MARK TO MARKET 698,742.00 02/26/01 JOURNAL MARK TO MARKET SHORT P06 698,742.00 03/01/01 JOURNAL JOURNAL FROM TYPE 2 TO 1 1.511.710.92 63/01/01 JolitlAiAL JoUAN111kltbilrift Ire 1.902. 6.9 03/01/01 JOURNAL JOURNAL FROM TYPE 2 TO 1 1,511,710.92 03/01/01 JOURNAL JOURNAL FROM TYPE 2 TO 1 1.902,806.98 03/01/01 JOURNAL FROM: XPIe2-LISD 1.982.806.98 •a • 03/02/01 JOURNAL JOURNAL FROM TYPE 2 TO 1 80,000.00 03/02/01 JOURNAL JOURNAL FROM TYPE 2 TO 1 80,000.00 03/05/01 JOURNAL MARK TO MARKET 89,250.00 03/05/01 JOURNAL MARK TO MARKET SHORT P06 89.250.00 03112/01 JOURNAL MARK TO MARKET 39.085.00 03112/01 JOURNAL MARK TO MARKET SHORT P06 39,085.00 03/19/01 JOURNAL MARK TO MARKET 1,003,550.00 03/19/01 JOURNAL MARK TO MARKET SHORT P06 1,003,550.00 02? 020I.OI:I?:19 001 V4E6 EFTA00197923 CLEARED THRWGH ITS WNW? 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet. SZeirns SON, t4,1 GNP. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 OtoLletiotech CarrIN North Beccidon. Hew VC* 11201.3819 STEARNS INSTITUTIONAL INTERESTS 7 CI STATEMENT PERIOD February 24.2001 THROUGH Mardi 30.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER MAURER MISCELLANEOUS (continued) LAST STATEMENT February 23.2001 DATE TOMMY TRANSACTOR DESCRIPTION DEBIT AMOUNT CREPT AMOUNT 03/26/01 JOURNAL MARK TO MARKET 280,592.00 03/26/01 JOURNAL MARK TO MARKET SHORT POS 280592.00 TOTAL $-5.605.736.90 $7.588.543.88 Your messages Bear, Stearns Securities Corp. Net Capital and Far 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 wwbv,bearstearns,com, Alternatively, to request a free printed copy please call • toll free 1.866.299.9331. End of Statement 027 CUL/SIMI ;17:64 001 EFTA00197924 CLEARED THROUGH ITS YillOU.Y OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 84Ni. SOMAS SOMAIMS COO Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Ono Movoloch Center North Elrecklgn. New York 1120/-3859 STEARNS INSTITUTIONAL INTERESTS STATEMENT PERIOD January 27.2001 ACCOUNT EXECUTIVE ZICHERMAN.IRA TELEPHONE THROUGH February 23.2001 VISIT OUR WEEISITE e.'/A% OearSieBMS.COM ACCOUNT NUMBER What's In This Statement II TAXPAYER NUMBER LAST STATEMENT January 26.2001 Financial Summary 3 INSTITUTIONAL INTERESTS 4 FINANCIAL TRUST CO TTEE Your Portfolio Holdings ATTN JEANIE BRENNEN Transaction Detail 5 6100 RED HOOK QUARTER Your Messages 23 SUITE B-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash 8 Equvalent 1.936.797 TOTAL VALUE OF SECURITIES THIS PEFUOD 7.043.676 $14.091.700 NET CREDIT BALANCE 11.936.797 S17.468.761 : $-10.425.086 Equities $19.521.581 : S-11.640.921 NET EQUITY THIS PERIOD $18.980.473 MO Current market value IN Last statements market value NET EQUITY LAST STATEMENT 21.972.360 C Short market value CHANGE SINCE LAST STATEMENT -2.991.887 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. 140.mi/ noon ant Offoronoo a nontoctiot of teas or stocks. .ndicolod as doltrorod to Icu. vatnnabenal pyposes coly a k ra eloroled as a ta. dcarnora b a10111 Sonic*. al 80004.1428: a yet to Clam SoNkos a Bow. Steam Sccurnos Cop. Co. 1.1flok•-li Carlo, North. BrooN)n, NY. 112014959 t asT.Tani a tin steamers MOW Et roamed to, your records Soo memo NU to, mpodare riaTnatom 02T 02240T20A2 put EFTA00197925 CLEARED 1HROUGH RS vnICUY 0"E0 SUBSIDIARY Beer. Szewee Secwititi GOO. Ce4 Meal:tech COM0( HMO acedCon. Hew Year 11201.3859 INSTITUTIONAL INTERESTS 2 of 23 STATEMENT BACKER IS PRINTED ON THIS PAGE 02? 0244,01:20:42 001 EFTA00197926 CLEARED 1HRWGH ITS antiCkLY 0%1Y.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Steams SOCantan Cap. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Ore Mettolech Calla HMO Beeck/on. Hew Tent 11201.3950 STEARNS INSTITUTIONAL INTERESTS 3 c/ zb STATEMENT PERIOD January 27.2001 THROUGH February 23.2001 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER 1145 PERICO YEAR TO DATE THIS PEFICO LAST STATEMENT January 26.2001 Opening Balance 514,091,699.97 Dividends 1.493.34 69.490.88 Credit Balance Int. 14.276.15 20.497.12 Securities Sold 2,062,920.22 Total $15.769.49 $89.988.00 Funds Deposited 4,558,916.38 Dividends/Interest 61,382.21 Miscellaneous 2,337,589.66 Amount Credited 59.020.808.47 Portfolio Composition SKIRT LICtiO Securities Bought -2.066.400.53 Cash/Cash Equivalent 11.936.797 Funds Withdrawn -9.109.311.00 Equities 10.425.085 17.468.761 Amount Debited 5.11.175.711.53 Total $10.425.085 $29.405.558 Net Cash Activity -2.154.903.06 ClosingBalance $11 936 796.91 Your Portfolio Allocation Same On tanslent ct cash balsam accost lypeo we not meludedm ihn embon. such Irantlety as wen al Petals ItY at oInat Iranaachcas P's ',enact Mina, on Trareacbcn Debi Cash & Equivalent- Cash Balance Summary 30% OPENI40 CLOSNO Equities 44% Margin 3.080.199.70 812,968.92 Short 11.011.500.27 11.123.827.99 Net Cash Balance $14.091.699.97 511.936.796.91 Shod Equities 26% Unshaded potions Oen,* 0000 014, 0, 'nett shml mark,. vette, T o elorahr ;even:sr is Pe•set, ham ep tiOSOLte mark"! rat), 0I >vv palloaa 02? 02,24t01:20:42 001 EFTA00197927 CLEARED THRWGH ITS wilekLY OMnE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szea•ns SON, 14,1 COO. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Cc* Mon:tech Cella North Beano. New Yea I1201.3019 STEARNS INSTITUTIONAL INTERESTS 4 c/ zo STATEMENT PERIOD January 27.2001 THROUGH February 23.2001 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER WESER LAST STATEMENT January 26.2001 MARKET (STOWED DESORPTION STMBOLCUSP OUANTiTY PACE VALUE ANNUAL W.01AE CASH BALANCE 11.936,797 TOTAL CASH & CASH EQUIVALENTS 811.936.797 EQUITIES Equities & Options AGCT IMFOCEI ESTIMATED CURREM DESORPTION 5,111001:CUSP TYPE OUANTITT PACE VALUE ANNUAL tiCOIAE YELD I%4 BANK PLUS CORP CASH 10,000 4.5000 45,000 MEDTRONIC INC • CASH 191,410 48.9500 9.369.520 38.282 0.4086 MEDTRONIC INC • SHRT -75.300 48.9500 -3.685,935 -15.060 0.4086 PNC FINANCIAL SVCSGROUP INC CASH 66.723 68.7500 4.587.206 128.108 2.7927 PNC FINANCIAL SVCSGROUP INC SHRT -55.000 68.7500 -3.781.250 -105.600 2.7927 TYCO INTERNATIONAL LTD U CASH 64.467 53.7800 3.467.035 3,223 0.0930 TYCO INTERNATIONAL LTD Total Equities& Options • SHRT -55.000 53.7800 -2.957.900 $7.043.676 -2,750 546,203 0.0930 TOTAL EQUITIES $7.043.676 $46,203 YOUR TOTAL ESTIMATED ANNUAL INCOME $46.206 YOUR PRICED PORTFOLIOHOLDINGS 818.980,472 027 02,24,01:20:42 001 EFTA00197928 CLEARED THRWGH ITS niCkLY CAMEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. SZeirns SON, b81 Cap. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 CeoLlevetech Cella North Beccidon. New Tuft 11201.3859 STEARNS INSTITUTIONAL INTERESTS 5 c/ ze STATEMENT PERIOD January 27.2001 THROUGH February 23.2001 Transaction Detail ACCCUNT NUMBER TAXPAYER NUIA3ER INVESTMENT ACTIVITY LAST STATEMENT January 26,2001 SETTLEMENT TRADE DATE DATE TRANSACTION Duce PTION STMEICRCUSE CVANTITY PRICE DEWY AMOUNT MOTT AMOUNT 02/15/01 JOURNAL AOL Teiliffilla AOL 800 FROM: • JRL - b 1 1 NAL hiettb-cRo ACrL 1, 00 45.79 . FROM: • JRL Urisrbi ANAL ALTA t RP AYA doo a5,41e..1 FROM: • JRL • 02/15/01 JOURNAL AMERICAN INTERNATIONAL GROUP MG 1.000 87.114.30 let FROM: • JRL • 02/15/01 JOURNAL AMGE IN ALIGN 500 35,833.69 FROM: • JRL • 02/15/01 JOURNAL BED B BBBY 1.500 28,797.00 FROM: • JRL • 02/15/01 JOURNAL CONST BOUP INC CEG 1.200 50,924.72 FROM: • JRL 02/15/01 JOURNAL CITIGR' C 1.300 62,398.29 FROM: • JRL 02/15/01 JOURNAL CISCO CSCO 2.300 118,788.21 FROM: • JRL 02/15/01 JOURNAL CLORO CLX 900 37,412.92 FROM: • JRL 51151 JbbIWAL TAR PALMOLIVE CO 48o 41.17.7 FROM: • JRL 02T 02,24,01:20A2 001 EFTA00197929 CLEARED THROUGH RS valecLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beef. SZeirns S0P,r,t44 Cap. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 CeoLlevalech Cantet North Beccidon. New Tuft 11201.3859 STEARNS INSTITUTIONAL INTERESTS 6 c/ 2:t STATEMENT PERM 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 DEKA PTIO” SYMBOL:CUSP OAINTITY PRCE DEW AMOUNT CFEDI A/lOcter 02/15/01 JOURNAL COMDIMIT CDO 1.500 25,118.85 FROM: • JRL • b AL doKiPU1ER SCIENCES CORP 1.300 77. 5 . FROM: • JRL Urisrbi J5UNNAL bovtn C.CR? Sbv 1.doo 39.524.86 FROM: • JRL • 02/15/01 JOURNAL DUKE ENERGY CORP Dt/K 1.800 66.701.61 FORME FROM: • JRL 02/15/01 JOURNAL El DU P NT DE NEMOUR CO DD 200 5.881.49 FROM: • JRL • 02/15/01 JOURNAL EMC EMC 400 47,733.19 FROM: • JRL • 02/15/01 JOURNAL EXXON XCM 600 53.663.76 FROM: • JRL • 02115/01 JOURNAL ELAN ELN 437 FROM: • JRL 02/15/01 JOURNAL FIRSTA FSR 3.900 64,483.82 FROM: • JR1• 02/15/01 JOURNAL FLEXTRCNIOS INTERNATIONAL FLEX 600 23,227.50 LTD FROM: • JR1• 02/15/01 JOURNAL GENERAL DYNAMICS CORP GD 300 20.364.78 FROM: • JR1• 027 0224,01:20A2 001 EFTA00197930 CLEARED THRWGH ITS OMPPO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szea•ns SOP,PPRI COP Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 OTC Mevalech Canter North Beccidon. New Perk 112013859 STEARNS INSTITUTIONAL INTERESTS 7 r, z STATEMENT PERM January 27.2001 THROUGH Februwy 23.2001 Transaction Detail (continued) AOCCUPT NUMBER TAXPAYER NUIPER INVESTMENT ACTIVITY (continued) LAST STATEMENT January 26.2001 SETTLEMENT TRADE DATE DATE TRANSACTOR DESORPTION STMBOUCUSP OJANillY PRCE DEW AMOUNT CFEDI AlhOcter 02/15/01 JOURNAL HISPANIC BROADCASTING CORP HSP 500 10,607.19 ICI A FROM: • JRL • 02/15/01 JOURNAL HOME HD 1,000 44.912.50 FROM: • JRL • 02/15101 JOURNAL HOUSE INC HI 900 47.798.80 FROM: • JRL 02/15/01 JOURNAL ILLINOIS IRN 300 16.595.87 FROM: • JRL • 02/15/01 JOURNAL INTERNATIONAL BUSINESS IBM 400 33,205.26 FROM: • JRL • 02/15/01 JOURNAL INTERNATIONAL PAPER CO IP 300 9,02125 FROM: • JRL • 02/15/01 JOURNAL JUNIPER NETWORKS JNPR 300 39,389.03 FROM: • JRL • 02/15/01 JOURNAL JOHN N& JOHNSON JNJ 650 58,166.57 FROM: • JRL • 02/15/01 JOURNAL KELLOI K 2.000 50,351.10 FROM: • JRL • 02/15/01 JOURNAL ESTEE LAUDER COMPANIES INC EL 1.500 57,45910 ICI A FROM: • JRL • 02T 02,24,01:20:42 001 EFTA00197931 CLEARED THROUGH ITS wilekLY ORREO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SeRrPti COP Bear. Stearns 8 Co. Inc. BUR 245 Park Avenue New York. New York 10167 Ore Metsolech Contp North Beccidon. New Yak 11201.3859 STEARNS INSTITUTIONAL INTERESTS 8 STATEMENT PERM 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 SYMBOUCUSP CUANNTY PRCE DEBIT AMOUNT CAEDT AMOcNT 02/15/01 JOURNAL LLY 500 35.651.00 FROM: ELILI • JRL • to 15'01 AL MoriNVEgtKiNtto Ya 1.4 85.247.29 FROM: • JRL • Urtst1 J6(JNNAL N6A1KL nirtWOR§ dokis NY Litio 59/56.29 FROM: • JRL • 02/15/01 JOURNAL NEXTEL COMMUNICATIONS INC-CL A NXTL 600 28.524.15 FROM: • JRL • 02/15/01 JOURNAL ORACLE CORP ORCL 1.600 52.266.31 FROM: • JRL • 02/15101 JOURNAL PFIZER INC PEE 900 35.367.87 FROM: • JRL • 02/15101 JOURNAL ROYAL DUTCH PETROLEUM CO RD 500 30.167.12 FROM: JRL • 02115/01 JOURNAL SCHE SGP 300 7.836.74 FROM: JRL • 02/15/01 JOURNAL SUNM SUNIA/ 1.600 85,670.11 FROM: • JR. • 02/15/01 JOURNAL SBC 900 46.881.58 FROM: • JRL • 02/5)01 JOURNAL YTETRINITAYSIRCIMS ■ 1.300 64.530.37 FROM: JRL • 027 02,24,01:20A2 001 EFTA00197932 CLEARED THRWGH ITS ?RIMY OtM.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns S0N, t4,1 Cap. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Cc* Metsolech Cella North Beccidon. New Teitt 11201.3819 STEARNS INSTITUTIONAL INTERESTS 9 cl zo STATEMENT PERIOD January 27.2001 THROUGH February 23.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER AILAA3ER INVESTMENT ACTIVITY (continued) LAST STATEMENT January 26.2001 SETTLEMENT TRADE DATE DATE TRANSACTION DESCAPTION STMBOUCUSIP amain. PRCE DEBIT AMOUNT CIS= AMOUta 02/15/01 JOURNAL TEUA TLAB 200 10,229.82 FROM: FROM: • JRL • b NNXL wow' 'i5SEIVN 1. 5. a .5 FROM: • JRL • Urisrbi ANNXL LiWiEtiltaiNtiC6MV.M5 LAY €oo FROM: • JRL • 02/15/01 JOURNAL WASHINGTON MUTUAL INC WM 1.500 61,073.97 FROM: • JRL • 02115/01 JOURNAL WAL-MART STORES INC WMT 900 42,663.35 FROM: • JRL • 02116/01 JOURNAL COCA COLA CO KO 400 10.157.35 FROM: • JRL • 02/22/01 02116/01 SOLD AOL TIME WARNER INC AOL -800 49.30070 39.389.24 UNSOUCITF11 02122/01 02/16/01 SOLD ACE LM-ORD ACL -1,200 37.80000 45.286.48 UNSOUCITED 02/22/01 02/16/01 SOLD ALZA CORP AZA -900 42.42910 38,130.91 UNSOLICITED SEE NOTE S ON BACK 02/22/01 02116/01 SOLD AMERICAN INTERNATIONAL GROUP MG -1.000 86.60960 86,546.71 INC UNSOLICITED 02/22/01 02116/01 SOLD AMGEN INC AMGN -500 71.87750 35,937.55 WITH RIGHTS TO PURCHASE COMMON STK UNDER CERTAIN CIRCUMSTANCE WE MAKE A ma t4 THIS SECURITY REPORTED PRICE 71 15/16 DIFFEREkCE - 0,060000 027 0224401:20:42 001 EFTA00197933 CLEARED THRWGH ITS niCkLY 0%M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, 14,1 COO. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 CeoLlevalech Cantm North Beccidon. New Year 11201.3819 STEARNS INSTITUTIONAL INTERESTS 10 c,23 STATEMENT PERM January 27.2001 THROUGH February 23.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER AILIUSER INVESTMENT ACTIVITY (continued) LAST STATEMENT January 26,2001 SETTLEMENT TRADE DATE DATE TRANSACTOR OESCRPTION SY1A3OUCUSIP GAMIN PRICE DEIST AMOUNT MOTT AMOUNT 02/22/01 02/16/01 SOLD BED BATH & BEYOND INC BBBY -1,500 26.31500 39,471.18 UNSOUCIIED WE MAKE A MKT Rd THIS SECURITY AVG PRICE: DETAILS ON REOUEST UNIT PRICE 26,376000 DIFFERENCE - 0.060000 AS OF 02/16/01 02/22/01 02/16/01 SOLD CONSTELLATION ENERGY GROUP INC CEG -1,200 42.47080 50.891.26 UNSOUCIIED 02/22/01 02/16/01 SOLD CITIGROUP INC C -1,300 54.85100 71.225.92 UNSOUCITED 02/22/01 02/16/01 SOLD CISCO SYSTEMS INC CSCO -2,300 28.00250 64,403.60 WE MAKE A MKT IN THIS SECURITY REPORTED PRICE 28 1/16 DFFERENCE - 0.060000 02/22/01 02/16/01 SOLD CLOROX CO CLX -900 36.36880 32,676.82 UNSOUCIIED 02/22/01 02/16/01 SOLD COCA COLA CO KO 400 58.86070 23,493.49 UNSOUCIIED 02/22/01 02/16/01 SOLD COLGATE PALMOLIVE CO CL -900 59.02500 53,066.72 UNSOUCIIED 02/22/01 02/16/01 SOLD COMPUTER SCIENCES CORP CSC -1,300 63.73570 82,775.64 WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE UNSOLICITED 022201 02/16/01 SOLD DOVER CORP DOV • 1.000 40.78530 40.723.94 WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE UNSOUCIIED 02/22/01 02/16/01 SOLD DUKE ENERGY CORP DUK -1.800 41.34650 74.31121 FORMERLY DUKE POWER CO UNSOUCIIED 02/22/01 02/16/01 SOLD E I DU PONT DE NEMOURS & CO DD -200 43.45000 8.639.71 UNSOUCIIED 027 0244,01:20:42 001 EFTA00197934 CLEARED THROUGH ITS ~GUY O‘M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZPA•ns SOC.r.I.P1 CRP. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New YY New York 10167 Cr.* Meveleen Conte< North Beeciam. Nev. Te6. 11201.3819 STD;RNS INSTITUTIONAL INTERESTS 11 STATEMENT PERIOD 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 TRANSACTKPI OESCRPTPCIN SYMBOt.CLIS, GUANTRY PRICE DEIST AMOUNT CREC« MOUNT 02/27J01 02/16/01 SOLD EXXON MOBIL CORP XOM .600 84.29000 50,522.31 UNSOLICITED 02/22/01 02/16/01 SOLD ELAN CORP PLC-ADR ELN -437 54.63370 23,824.13 UNSOUCITED 02/22/01 02/16/01 SOLD FIRSTAR CORP WIS-NEW FSR -3,900 23.37740 90.934.82 UNSOUCITED 02/22/01 02/16/01 SOLD GENERAL DYNAMICS CORP GD -300 68.40180 20.469.85 UNSOUCITED 02/27J01 02/16/01 SOLD HOME DEPOT INC HD -1,000 43.00810 42.946.66 UNSOUCITED 02/22/01 02/16/01 SOLD HOUSEHOLD INTERNATIONAL INC HI -900 58.75000 52,819.23 WITH RIGHTS TO PURCHASE PREFRO STK UNDER CERTAIN CIRCUMSTANCE UNSOUCITED 02/22/01 02116/01 SOLD ILLINOIS TOOL WORKS INC ITW -300 64.02100 19,155.65 UNSOUCITED 02/22/01 0'1/16/01 SOLD INTERNATIONAL BUSINESS IBM -400 114.20000 45,628.47 MACHINES CORP UNSOLICITED 02/22/01 02/16/01 SOLD INTERNATIONAL PAPER CO IP -300 37.35000 11,154.62 UNSOUCITED 02/22/01 02/6/01 SOLD JUNIPER NETWORKS JNPR -300 81.89640 24,568.10 WE MAKE A MKT W THIS SECURETY AVG PRICE: DETAILS ON REOUEST UNIT PRICE 81,956400 DEFERENCE - 0.060000 02/22/01 02/6/01 SOLD JOHNSON& JOHNSON JNJ • 650 93.35000 60.636.47 UNSOUCITED 02/22/01 02/16/01 SOLD KELLOGG CO K -2.000 27.53410 54.946.36 UNSOUCITED 02/22/01 02/16/01 SOLD ESTEE LAUDER COMPANIES INC EL -1.500 39.58600 59.287.02 CI A UNSOLICITED 027 0224.01:20:42 001 EFTA00197935 CLEARED THRWGH ITS witCkLY 0%M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,r44,1 Dap. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 0-41km:tech Cella North Beccidon. New Year 11201.3819 STEARNS INSTITUTIONAL INTERESTS 12 STATEMENT PERIOD January 27.2001 THROUGH Fdtruwy 23.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER K1. ER INVESTMENT ACTIVITY (continued) LAST STATEMENT January 26,2001 SETTLEMENT TRADE DATE DATE TRANSACTOR DESCRIMON STME/WCUS, CVAMITY PRICE DEIST AMOUNT OREM MOUNT 02/22/01 02/16/01 SOLD ELI LILLY & CO LLY -500 73.44610 36,671.82 UNSOLICITED 02/22/01 02/16/01 SOLD MGIC INVESTMENT CORP-WISC Mit -1.400 60.46170 84,559.55 UNSOLICITED 02/22/01 02/16/01 SOLD NORTEL NETWORKS CORP NT -1,100 19.95000 21,878.26 UNSOLICITED 02/22/01 02/16/01 SOLD ORACLE CORP ORCL -1.600 24.31500 38,902/0 WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE UNSOLICITED WE MAKE A MKT RI THIS SECURITY REPORTED PRICE 24 348 DFFEREACE - 0.060000 02/22/01 02/16/01 SOLD PFIZER INC PRE -900 45.23000 40.651.64 WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTMCE UNSOLICITED 02/22/01 02/16/01 SOLD ROYAL DUTCH PETROLEUM CO RD -500 60.68000 30.288.98 NY REGISTRY (DG US PM) UNSOLICITED 02/22/01 02/16/01 SOLD SCHERING PLOUGH CORP SGP -300 41 30000 12,339.58 WITH RIGHTS TO PURCHASE COMMON STK UNDER CERTAIN CIRCUMSTANCE UNSOLICITED 02/22/01 02/16/01 SOLD SUNMICROSYSTEMS INC SUNW -1.600 23.06500 36,902.76 WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE WE MAKE A MKT Rd THIS SECURITY REPORTED PRICE 23 1/8 DFFEREACE - 0.060000 02.22,01 02)1601 SCI_ tiraYALINIeXtioW§IN6 313E -900 48.02420 43.166.33 UNSOUCITED 027 0224,01:20:42 001 EFTA00197936 CLEARED THROWN ITS wilekLY 0%M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SON, 14,1 COO. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Cc* Mem:tech Cella North Beccidon. New Year 112013559 STEARNS INSTITUTIONAL INTERESTS 13 u123 STATEMENT PERM January 27.2001 THROUGH Fooruane 23.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER MASER INVESTMENT ACTIVITY (continued) LAST STATEMENT January 26.2001 SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION SYMBOL/CUSP °AMITY PRICE DEW AMOUNT MOT A/IOLNT 02/22/01 02/16/01 SOLD TELLABS INC TUB -200 49.82540 9.964.74 UNSOLICITED AVG PRICE: DETAILS ON REQUEST UNIT PRICE 50,075400 DEFERENCE - 0,250000 t&hibi odvit461 toth u 11Eb ttailuoldidtt liYit -600 78.41000 46.99443 UNSOUCITED 02/22/01 02/16/01 SOLD WAL-MART STORES INC WMT -900 51.86260 46.620.78 UNSOUCITF_D 02/22/01 JOURNAL AOL TIME WARNER INC AOL 800 JOURNAL FROM TYPE 2 TO I 02/21/01 JOURNAL ACE LTD-ORD ACL 1,200 JOURNAL FROM TYPE 2 TO 1 02/21/01 JOURNAL ALZA CORP AZA 900 JOURNAL FROM TYPE 2 TO 1 02/21/01 JOURNAL AMERICAN INTERNATIONAL GROUP AIG 1,000 INC JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL AMGEN INC AMGN 500 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL BED BAN & BEYOND INC BBBY 1,500 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL CONSTELLATION ENERGY GROUP INC CEG 1,200 JOURNAL FROM TYPE 2 TO I 02/22/01 JOURNAL CITIGROUP INC C 1,300 JOURNAL FROM TYPE 2 TO I 02/22/01 JOURNAL CISCO SYSTEMS INC CSCO 2,300 JOURNAL FROM TYPE 2 TO I 02/22/01 JOURNAL CLOROX CO COI 900 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL COCA COLA CO KO 400 JOURNAL FROM TYPE 2 TO 1 027 022401:20:42 001 EFTA00197937 CLEARED IHRCCIGH ITS ~OW, CAM.ED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeIrns Ø. Bear. Stearns & Co. Inc. BffiR 245 Park Avenue New York. New York 10167 Cr.* Meveleen Conte< North Becciorn. New Year I1201.3819 STffiRNS INSTITUTIONAL INTERESTS 14 u125 STATEMENT PERIOD January 27.2001 THROUGH February 23.2001 Transaction Detail (continued) ACCCLINT NUMBER TAXPAYER AMMER INVESTMENT ACTIVITY (continued) LAST STATEMENT January 26,2001 SETREMENT TRADE DATE DATE TRANSACTKO1 DESCRIPTION SYMBOL:GUS? OJANillY PRCE DEWY AMOUNT CREW ASIDUNT 02/27J01 JOURNAL COLGATE PALMOLIVE CO CL 900 JOURNAL FROM TYPE 2 TO 1 02/27J01 JOURNAL COMDISCO INC CDO 1.500 JOURNAL FROM TYPE 2 TO 1 02/27J01 JOURNAL COMPUTER SCIENCES CORP CSC 1,300 JOURNAL FROM TYPE 2 TO 1 02/27_/01 JOURNAL DOVER CORP DOV 1,000 JOURNAL FROM TYPE 2 TO 1 0=01 JOURNAL DUKE ENERGY CORP DUK 1,800 FORMERLY DUKE POWER CO JOURNAL FROM TYPE 2 TO I 02/22/01 JOURNAL E I DU PONT DE NEMOURS 8. CO DD 200 JOURNAL FROM TYPE 2 TO 1 02/27_/01 JOURNAL EMC CORP-MASS EMC 400 JOURNAL FROM TYPE 2 TO 1 02/27J01 JOURNAL EXXON MOBIL CORP XOM 600 JOURNAL FROM TYPE 2 TO 1 02/27J01 JOURNAL ELAN CORP PLC-ADR ELN 437 JOURNAL FROM TYPE 2 TO 1 02/27J01 JOURNAL FIRSTAR CORP WIS-NEW FSR 3,900 JOURNAL FROM TYPE 2 TO 1 02/27J01 JOURNAL FLEXTRONICS INTERNATIONAL FLEX 600 LTD JOURNAL FROM TYPE 2 TO I 02/22/01 JOURNAL GENERAL DYNAMICS CORP GO 300 JOURNAL FROM TYPE 2 TO I 02/27J01 JOURNAL HISPANIC BROADCASTING CORP HSP 500 CL A JOURNAL FROM TYPE 2 TO I 02/27_/01 JOURNAL HOME DEPOT INC HD 1.000 JOURNAL FROM TYPE 2 TO I 02? 0224..01:20:42 001 EFTA00197938 CLEARED THROUGH ITS 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZetrns SON, 14,1 GNP. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Cc* Metselech Cella North &Wort New Yak 11201.3859 STEARNS INSTITUTIONAL INTERESTS 15 c! zt STATEMENT PERIOD January 27.2001 THROUGH February 23.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMBER INVESTMENT ACTIVITY (continued) LAST STATEMENT January 26.2001 SETTLEMENT TRADE DATE DATE TRANSACTON DESCRIPTION SY1A3OUCUSIP PRCE DEWY AMOUNT MDT AMOLNT 02/22/01 JOURNAL HOUSEHOLD INTERNATIONAL INC HI 900 JOURNAL FROM TYPE 2 TO I 02/22_/01 JOURNAL ILLINOIS TOOL WORKS INC ITW 300 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL INTERNATIONAL BUSINESS IBM 400 MACHINES CORP JOURNAL FROM TYPE 2 TO I bkrarbi AKE ugYEATatiolzarls:410 to If3 Job JOURNAL FROM TYPE 2 TO I 02/22/01 JOURNAL JUNIPER NETWORKS JNPR 300 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL JOHNSON& JOHNSON JNJ 650 JOURNAL FROM TYPE 2 TO 1 02/22_/01 JOURNAL KELLOGG CO K 2,000 JOURNAL FROM TYPE 2 TO I 02/22/01 JOURNAL ESTEE LAUDER COMPANIES INC EL 1,500 CL A JOURNAL FROM TYPE 2 TO I 02/21/01 JOURNAL ELI LILLY & CO LLY 500 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL MGIC INVESTMENT CORP-WISC MTG 1,400 JOURNAL FROM TYPE 2 TO I 02/22_/01 JOURNAL MEDTRONIC INC MDT 191,410 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL NORTEL NETWORKS CORP NT 1,100 JOURNAL FROM TYPE 2 TOT 02/22/01 JOURNAL NEXTEL COMMUNICATIONS INC-CL A NXTL 600 JOURNAL FROM TYPE 2 TOT 02/22/01 JOURNAL ORACLE CORP ORCL 1,600 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL PNC FINANCIAL SVCSGROUP INC PNC 66,723 JOURNAL FROM TYPE 2 TO I 027 0224,01:20A2 001 EFTA00197939 CLEARED THROUGH ITS witCkLY OtM.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SOC,r44,1 Dap. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Cc* Mem:tech Contm North Beccidon. New To* 11201.3819 STEARNS INSTITUTIONAL INTERESTS 16 c! 23 STATEMENT PERM January 27.2001 THROUGH February 23.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER MJUSER INVESTMENT ACTIVITY (continued) LAST STATEMENT January 26.2001 SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION SIMBOLCUSJP OVAAFTITI PROF DEIST AMOUNT CREW MOUNT 02/22/01 JOURNAL PFIZER INC PFE 900 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL ROYAL DUTCH PETROLEUM CO RD 500 NY REGISTRY OM 1.25 PM) JOURNAL FROM TYPE 2 TO I 02/22/01 JOURNAL SCHERING PLOUGH CORP SGP 300 JOURNAL FROM TYPE 2 TO I tiaraki JOURNAL gliFiMfal6§MEIX§Wid gunrn 1.€00 JOURNAL FROM TYPE 2 TO I 02/22/01 JOURNAL SBC COMMUNICATIONS INC SBC 900 JOURNAL FROM TYPE 2 TO I 02/22/01 JOURNAL TYCO INTERNATIONAL LTD TYC 65.767 JOURNAL FROM TYPE 2 TOT 02/22_/01 JOURNAL TELLABS INC TLAB 200 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL TIFFANY 8 CO NEW TIF 1.000 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL UNITED TECHNOLOGIES CORP UTX 600 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL WASHINGTON MUTUAL INC WM 1.500 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL WAL-MART STORES INC WMT 900 JOURNAL FROM TYPE 2 TOT 02/22/01 JOURNAL AOL TIME WARNER INC AOL -800 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL ACE LTD-ORD ACL -1.200 JOURNAL FROM TYPE 2 TO I 02/22_/01 JOURNAL ALZA CORP AZA -900 JOURNAL FROM TYPE 2 TO I 02/22/01 JOURNAL AMERICAN INTERNATIONAL GROUP AIG -1.000 INC JOURNAL FROM TYPE 2 TO I 027 0224:01:20:42 001 EFTA00197940 CLEARED THROUGH nS »sixty 0"ED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZe/rcP Seca/I4/1 CC*/ Bear. Stearns & Co. Inc. BffiR 245 Park Avenue New York. New York 10167 CeoLleveleen Conte< North Beccidp. New Ye" 112014819 STffiRNS INSTITUTIONAL INTERESTS 17 u125 STATEMENT PERIOD January 27.2001 THROUGH February 23.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER nkrua3ER INVESTMENT ACTIVITY (continued) LAST STATEMENT January 26,2001 SETTLEMENT TRADE DATE DATE TRANSACTKel DESCRPTION STIABOUCUSP %win. PRCE DEWY AMOUNT CREEC ANDUNT 02/27J01 JOURNAL AMGEN INC AMGN -500 JOURNAL FROM TYPE 2 TO 1 02/27J01 JOURNAL BED BAN & BEYOND INC BBBY -1,500 JOURNAL FROM TYPE 2 TO 1 02/27J01 JOURNAL CONSTELLATION ENERGY GROUP INC CEG -1,200 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL CITIGROUP INC C -1,300 JOURNAL FROM TYPE 2 TO I 02/22/01 JOURNAL CISCO SYSTEMS INC CSCO -2,300 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL CLOROX CO CLX -900 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL COCA COLA CO KO -400 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL COLGATE PALMOLIVE CO CL -900 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL COMDISCO INC CDO -1,500 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL COMPUTER SCIENCES CORP CSC -1,300 JOURNAL FROM TYPE 2 TO 1 02122101 JOURNAL DOVER CORP DOV -1,000 JOURNAL FROM TYPE 2 TO 1 02r22/01 JOURNAL DUKE ENERGY CORP DUK -1,800 FORMERLY DUKE POWER CO JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL E I DU PONT DE NEMOURS & CO DD -200 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL EMC CORP-MASS EMC .400 JOURNAL FROM TYPE 2 TO 1 0=01 JOURNAL EXXON MOBIL CORP %OM • 600 JOURNAL FROM TYPE 2 TO I 027 02,24:01:20:42 001 EFTA00197941 CLEARED THRWGH ITS witCkLY O%M.EO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,r44,1 Cap. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 0-41km:tech Cella North Beccidon. New Year 11201.3959 STEARNS INSTITUTIONAL INTERESTS 18 STATEMENT PERIOD January 27.2001 THROUGH Fctruwy 23.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER K1. ER INVESTMENT ACTIVITY (continued) LAST STATEMENT January 26.2001 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOL:CUSP GUANNTe PFICE DEED AMOUNT MCC AMOUNT 02/22/01 JOURNAL ELAN CORP PLC-ADR ELN .437 JOURNAL FROM TYPE 2 TO I 02/22/01 JOURNAL FIRSTAR CORP WIS-NEW FSR -3.900 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL FLEXTRONCS INTERNATIONAL FLEX -600 LTD JOURNAL FROM TYPE 2 TO I Warty] J6CNIXL dtritifArbnfita 68AP 615 .doo JOURNAL FROM TYPE 2 TO I 02/22/01 JOURNAL HISPANIC BROADCASTING CORP HSP -500 CIA JOURNAL FROM TYPE 2 TO I 02/22_701 JOURNAL HOME DEPOT INC HD -1.000 JOURNAL FROM TYPE 2 TO I 02/22/01 JOURNAL HOUSEHOLD INTERNATIONAL INC HI -900 JOURNAL FROM TYPE 2 TO I 02/22/01 JOURNAL ILLINOIS TOOL WORKS INC ITW -300 JOURNAL FROM TYPE 2 TO I 02/22/01 JOURNAL INTERNATIONAL BUSINESS IBM -400 MACHINES CORP JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL INTERNATIONAL PAPER CO IP -300 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL JUNIPER NETWORKS JNPR -300 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL JOHNSON& JOHNSON JNJ -650 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL KELLOGG CO K -2.000 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL ESTEE LAUDER COMPANIES INC EL -1.500 CL A JOURNAL FROM TYPE 2 TO I 027 0224,01:20:42 001 EFTA00197942 CLEARED THROUGH ITS niCkLY OtM.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Stern Secw.Per Core Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Ore Mevolech Cantor North Beccidon. New York 11201.3859 STEARNS INSTITUTIONAL INTERESTS 19 r? zt STATEMENT PERIOD January 27.2001 THROUGH Februwy 23.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER POWER INVESTMENT ACTIVITY (continued) LAST STATEMENT January 26.2001 SETTLEMENT TRADE DATE DATE TRANSACTOR DESORPTION SYNEOLCUSP DJAPITITe PRCE DEW AMOUNT CTEOI APIOctir 02/22/01 JOURNAL ELI LILLY & CO LLY -500 JOURNAL FROM TYPE 2 TOT 02/22/01 JOURNAL MGIC INVESTMENT CORP-WISC MTG -1.400 JOURNAL FROM TYPE 2 TO I 02/22/01 JOURNAL MEDTRONIC INC MDT -191.410 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL NORTEL NETWORKS CORP NT -1.100 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL NEXTEL COMMUNICATIONS INC-CL A NX1L -600 JOURNAL FROM TYPE 2 TOT 02/22/01 JOURNAL ORACLE CORP ORCL -1.600 JOURNAL FROM TYPE 2 TOT 02/22/01 JOURNAL PNC FINANCIAL SVCSGROUP INC PNC 66.723 JOURNAL FROM TYPE 2 TO I 02/22/01 JOURNAL PFIZER INC PFE -900 JOURNAL FROM TYPE 2 TO 02/22/01 JOURNAL ROYAL DUTCH PETROLEUM CO RD -500 NY REGISTRY TOG 1.25 PART JOURNAL FROM TYPE 2 TOT 02/22/01 JOURNAL SCHERING PLOUGH CORP SGP -300 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL SUNMICROSYSTEMS INC SUNW -1.600 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL SBC COMMUNICATIONS INC SBC -900 JOURNAL FROM TYPE 2 TO 02/22/01 JOURNAL TYCO INTERNATIONAL LTD TYC 65.767 JOURNAL FROM TYPE 2 TOT 02/22/01 JOURNAL TELLABS INC TLAB -200 JOURNAL FROM TYPE 2 TOT 02/22/01 JOURNAL TIFFANY & CO NEW TIF -1.000 JOURNAL FROM TYPE 2 TO I 027 0224r01:20:42 001 EFTA00197943 CLEARED THRWGH ITS witCkLY 0%M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,r44,1 COO. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New Y New York 10167 0-41km:tech Cella North Beccidon. New Year 11201.3819 STEARNS INSTITUTIONAL INTERESTS 20 STATEMENT PERIOD January 27.2001 THROUGH Fctruwy 23.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER KAMER INVESTMENT ACTIVITY (continued) LAST STATEMENT January 26,2001 SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION STME/OVOUSP WARTY PRCE DEWY AMOUNT CREW MOUNT 02/22/01 JOURNAL UNITED TECHNOLOGIES CORP UTX -600 JOURNAL FROM TYPE 2 TO 1 02/22/01 JOURNAL WASHINGTON MUTUAL INC WM -1.500 JOURNAL FROM TYPE 2 TO 1 02/27/01 JOURNAL WAL-MART STORES INC WMT -900 JOURNAL FROM TYPE 2 TO I 02/23/01 02/20/01 SOLD COMDISCO INC CDO -1.500 11.65440 17.391.01 WITH FUGHTS TO PURCHASE PREFRD SRC UNDER CERTAIN CIRCUMSTANCE UNSOUCITED Wain 6±thiven• SOLLS tlitiP-Wat rkie 55.50000 UNSOUCITED SEE NOTE ON BACK 02/23/01 02/20/01 SOLD REXTRONICS INTERNATIONAL FLEX -600 33.81250 20,286.82 LTD UNSOUCITED 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 -500 23.85000 11,874.60 CT A UNSOLICITED 02/23/01 02/20/01 SOLD NEXTEL COMMUNICATIONS INC-CL A tea -600 24.72250 14,833.00 UNSOLICITED WE MAKE A MKT IN THIS SECURITY REPORTED PRICE 24 13/16 DEFERENCE - 0.090000 02/23/01 02/20/01 SOLD TYCO INTERNATIONAL LTD TYC -1,300 57.12360 74,180.20 UNSOUCITED VSP 1300 09/21/00 0 49.66 02/23/01 02/20/01 SOLD TIFFANY 8 CO NEW TIF -1,000 32.88320 32.822.10 UNSOUCITED 02? 0244,01:20:42 001 EFTA00197944 CLEARED THROUGH ITS wilekLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, 14,1 Cory. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Otto Meesetech Center North Beccidon. New Year I1201.3819 STEARNS INSTITUTIONAL INTERESTS 21 ol zr STATEMENT PERIOD January 27.2001 THROUGH February 23.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER WESER INVESTMENT ACTIVITY (continued) LAST STATEMENT January 26.2001 SETTLEMENT TMDE DATE DATE "RANSACDON cEsos PTIoN SIMEIO.CUSP CIJANNTe PRCE DEBIT AMOUNT OPEC,' AN'Octa 0223101 0220/01 SOLD WASHINGTON MUTUAL INC WM .1.500 51.11210 76.575.59 UNSOLICITED TOTAL $•2.066.400.53 52.062 920.22 DEPOSITS AND WITHDRAWALS DATE TIMNSACTCN DESORPTION DEBIT A1.10uN" CREDIT AMOUNT 02'07101 FND WIRED MDA ENDS WIRED TO 109.311.00 02/13/01 FUNDS REC ENDS WIRED TO CITIBANK FROM 4.558.916.38 Atiitid.*******?Milan Ai8Stin Kl'u6SViigirtile 5.000.000.00 PANY 02/22/01 END WIRED MDA# ENDSWI ANYRED TO 4.000.000.00 CNIP FD001158 TOTAL $.9.109.311.00 $4.558.916.38 DIVIDENDS DESORPTION STAIDOUCLISIP OUANTITY FOIE ($1 C€er AMOUT CAECIT AMOUNT 02;02/01 TYCO INTERNATIONAL LTD TYC 119.467 0.0125 1.493.34 REC 0110201 PAY 0210201 TOTAL 51.493.34 027 022401:20:42 001 EFTA00197945 CLEARED THROUGH ITS ~DU? 0"ED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. 5.1~ns SOC.,44.1 Ø. Bear. Stearns 8, Co. Inc. BEAR 245 Park Avenue New YY New York 10167 CeoLleveleen Cent« North Beccidp. Nev. Year I1201.2819 STD;RNS INSTITUTIONAL INTERESTS 22 STATEMENT PERO) January 27.2001 THROUGH February 23.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER WURER INTEREST LAST STATEMENT January 26.2001 DATE DESCRIPTION STMDCLICUSIP oumany RATE rea CENT AMOUNT CREW AMOUNT 02/21/01 INTEREST ON CREDIT BALANCE 5.5000 5,067.40 AT 5 1/2% 01/21 THITU 01/30 02/21/01 INTEREST ON CREDIT BALANCE 5.0000 9.208.75 AT 5.000% 01/31 THRU 02,20 02/21/01 SHT ACCT FEE 01;21022001 45612.72 TOTAL $59,888.87 MISCELLANEOUS DATE maim TRANSACTOI DESCRIPTCN DEBIT AMOUNT CREDIT MIOUN't 01/29/01 JOURNAL MARK TO MARKET 629421.00 01/29/01 JOURNAL MARK TO MARKET SHORT P06 629.421.00 02/05/01 JOURNAL MARK TO MARKET 198.194.00 aØ1 ArMAL AA'?•Y6\44NREI •t11o311 198,194.00 02/07/01 JOURNAL JOURNAL FROM TYPE 2TO 1 109.311.00 02/07/01 JOURNAL JOURNAL FROM TYPE 2TO 1 109,311.00 02/08/01 JOURNAL JOURNAL FROM TYPE 1 TO 2 1,493.34 02/08/01 JOURNAL JOURNAL FROM TYPE 1 TO 2 1.493.34 02/12/01 JOURNAL MARK TO MARKET 251,243.00 02/12/01 JOURNAL MARK TO MARKET SHORT POS 251,243.00 02/15/01 JOURNAL FROM: 2.823.35 • JRL • 02/15/01 JOURNAL AOL TIME WARNER 22.508.24 FROM: • AL • 02? 0224,01:20:42 001 EFTA00197946 CLEARED THROUGH ITS vn1OLLY CAMEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 COO. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New Y New York 10167 CeoLlevelech Cella North BecciOon. New Ye* 11201.3859 STEARNS INSTITUTIONAL INTERESTS 23 STATEMENT PERO° January 27.2001 THROUGH Fctruwy 23.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER WESER MISCELLANEOUS (continued) LAST STATEMENT January 26.2001 DATE IOCUDAY 02/15/01 TRANSACTOI JOURNAL swim DESCRIPTION ELAN FROM: DEBIT AMOUNT CREPT MOUNT 4,141.07 • JRL • &/14/(11 Jolittkik JOURNAL nidiA•rift POI 500.000.00 02/16/01 JOURNAL JOURNAL FROM TYPE 2 TO 1 500.000.00 02/16/01 JOURNAL FROM: 2.306.626.68 • JRL • MAW RAIANKLI 113.264.00 ofrth6/61 Joiluslk MAW YetvlAKKEt trit$14YP0S 1.0,49.00 02/21/01 JOURNAL FROM: 10.24 • JRL • 02/21/01 JOURNAL FROM: 1.480.08 •a • 02/22/01 JOURNAL JOURNAL FROM TYPE 1T02 1,870,313.84 02/22/01 JOURNAL JOURNAL FROM TYPE 1T02 1.870.313.84 02/23/01 JOURNAL JOURNAL FROM TYPE 1T02 270,112.58 02/23/01 JOURNAL JOURNAL FROM TYPE 1T02 270.112.58 TOTAL $-3943.357.76 $6.280.947.42 Your messages The interest, if any, charged to your account during 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 022t01:2042 001 EFTA00197947 CLEARED THRWGH ITS YiHWY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirn5 SOCwititt COO. Bear. Stearns & Co. Inc. BEAR 245 Path Avenue New York, New York 10167 Cc* Metsolech Coma North Seccidon. New Ye* 112013559 STEARNS INSTITUTIONAL INTERESTS ACCOUNT EXEC,ME :TIERMAN.IRA STATEMENT PERIOD December 30,2000 TELEPHONE THROUGH January 26.2001 VISIT OUR WESSITE IVIA\ near stearrts.com ACCOUNT NUMBER What's In This Statement I I I II I11111 II TAXPAYER SUMER LAST STATEMENT December 29,2000 Financial Summary 3 INSTITUTIONAL INTERESTS FINANCIAL TRUST CO TTEE Your Portfolio Holdings 4 ATTN JEANIE BRENNEN Transaction Detail 5 6100 RED HOOK QUARTER SUITE B-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Important Message Decimal Trading is Coming! Cash 8 Equvalent ST 4.091.700 TOTAL VALUE OF SECURMES THIS PERIOD 7,880,660 Decimal Trading is the shift .1 11 31Ellia from fractional pricing NET CREDIT BALANCE 14,091,700 Equities —1/ 11. $19.521,581 5-11,640.921 (e.g..21 1/2) to decimal 0 . 1. 4 . 01 1 pricing (e.g..$21.50)lot $27.118.376 NET EQUITY THIS PERIOD $21,972,360 equities and options. ME Current market value NET EQUITY LAST STATEMENT 27,162,274 BE Last statements market value All trading on NYSE.AMEL and regional exchanges C Short market value CHANGE SINCE LAST STATEMENT -5,189,914 will be in decimals effective as of 1/29101. There are no 'Stop Loss' orders or other pending buy For details. visit our website at wvm.bearsteams.com. or sell open orders on file for your account. Roza rood oaf anaonoo a morocco of nod's or stocks. .0/Wolof as doltrorod to p5u. SOT.Tani for FIFFnenenal puinses attic rot NORM as ata. &ant lo Gent Sonic*. of 8006111128: a yet. to ChM SONIC.). a 8020. Steam Sccualos Cap. Co. Mows+ Como Hook BrooN,n, NY. 112014104 Ste nos Tin Staternern shoad be read far your records Soo renews.* for nodal* Scomatmo 027 01/27/01:13:44 001 EFTA00197948 CLEARED 'THROUGH ns Balmy OMIE0 $08510MAY Beer. Szewee Secwisin GOO. Ce4 Monlea COM0( north Beccidon. Hew Year 11201.3859 INSTITUTIONAL INTERESTS 2 0l9 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0127,01:13A4 001 EFTA00197949 CLEARED THROUGH nS ?RIMY OttnE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Steams SOC,mhtl Cap. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Cc* Mevolech Conte North Becck/on. New Tuft 11201.3859 STEARNS INSTITUTIONAL INTERESTS 3 c/1 STATEMENT PERIOD December 30,2000 THROUGH January 26.2001 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER WAGER THIS PERIOD OPENI/73 CLOSING LAST STATEMENT December 29,2000 Opening Balance $43,898.17 Cash 43,898.17 0.00 Securities Sold 22,668,907.17 Margin 0.00 3,080,199.70 Funds Deposited 5,064,548.76 Short 0.00 11,011.500.27 Dividends/Interest 74,218.51 Net Cash Balance $43.898.17 $14.091.699.97 Miscellaneous 9,914,476.52 Amount Credited $37,722,150.96 Securities Bought -3,024.349.16 Income Summary PERCO YEAR 70 DATE Funds Withdrawn -16,150,000.00 Dividends 67.997.54 67,997.54 Miscellaneous -4,500.000.00 Credit Balance Mt. 6,220.97 6,220.97 Amount Debited 5-23,674,349.16 Total $74,218.51 $74.218.51 Net Cash Activity 14,047,801.80 Your Portfolio Allocation Closing Balance $14.091.699.97 Sarno Oaf yawners ot cash bemoan wocurt t);o4 aeo AY imlualoa in the same, such wanton, as wail z clouls la all ozar transztons its pworl. Portfolio Composition aPpow in Trasszbon Dotal. SKIRT UNTO Cash,Cash Equivalent 14,091,700 Cash 8 Equivalent- Equities 11.640.921 19.521,581 32% Equities 43% Total $11,640,921 $33,613,281 Short Equit 25% UnshaOed son,,, denote oat Diono, *nee lhol market voLee The ol000m, ;event'', is Uo•ued hom Ito ONUS market rat), or yes halloo 027 01/27)01:13:44 001 EFTA00197950 CLEARED THROUGH ITS YrisekLY OtME0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON,14,1 SOO. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New Y New York 10167 Ore Mevolech Contm North Beccidon. New Year 11201.3019 STEARNS INSTITUTIONAL INTERESTS 4 STATEMENT PERIOD December 30,2000 THROUGH January 26.2001 Your Portfolio Holdings ACCCUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER NUMBER LAST STATEMENT December 29.2000 MARKET ESTIMATED DESCRPTION SYMBOLCUSP OUANETY PACE VALUE AHMJAL INCOIAE CASH BALANCE 14.091.700 TOTAL CASH & CASH EQUIVALENTS $14.091.700 EQUITIES Equities & Options ACCT PAANCET esmorto EMIRS'S' DESCRP7)O?, SrAIBOUOUSIP ME °IMPIETY PACE VALLE ANNUAL INCOIAE YELD I%4 BANK PLUS CORP CASH 10,000 4.2500 42,500 MEDTRONIC INC • MRGN 191,410 54.9380 10.515.683 38,282 0.3640 MEDTRONIC INC • SHRT -75,300 54.9380 -4.136.831 -15,060 0.3640 PNC FINANCIAL SVCSGROUP INC MRGN 66,723 74.3130 4.958.386 128,108 2.5837 PNC FINANCIAL SVCSGROUP INC ■ SHRT -55,000 74.3130 -4.087.215 -105,600 2.5837 TYCO INTERNATIONAL LTD • MRGN 64,467 62.1250 4.005.012 3,223 0.0805 'NCO INTERNATIONAL LTD Total Equities& Options • SHRT -55,000 62.1250 -3,416.875 $7.880,660 -2,750 $46,203 0.0805 TOTAL EQUITIES $7.880,660 $46,203 YOUR TOTAL ESTIMATED ANNUAL INCOME $46206 YOUR PRICEDPORTFOLIOHOLDINGS $21,972.359 027 0127,01:13A4 001 EFTA00197951 CLEARED THROUGH RS vaNXIY OME0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns S0Nnt*I GNP. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New Y New York 10167 CcoMetsolech Contot North Becdoon. New Yak 11201.3859 STEARNS INSTITUTIONAL INTERESTS 5 STATEMENT PERIOD December 30,2000 THROUGH January 26.2001 Transaction Detail ACCOUNT! NUMBER TAXPAYER NLINSER INVESTMENT ACTIVITY LAST STATEMENT December 29.2000 SETTLEMENT TRADE DATE DATE TRANSACT/301 CESORPTION STME/OttlISTP GUMMY PRICE DEISTAMOUNT CREDIT MAOUNT 01/02101 12/29/00 SOLD CALL TYCO INIT. JAN 055"" 1,100 3.10420 337,600.64 EXP 01/20,2001 CUSIP NUMBER TO FOLLOW. UNSOUCITED OPEN CONTRACT AS OF 12/29/00 01/02/01 12/29/00 SOLD CALL MEDTRONIC JAN 055"" OP 0112012001 MIK -600 6.46320 385.679.07 CUSIP NUMBER TO FOLLOW. UNSOUCITED OPEN CONTRACT 01/02/01 12/29/00 SOLD CALL PNC FINL GRP JAN 070PBW SIP 01120/2001 MIK .1.100 4.32920 472346.12 CUSIP NUMBER TO FOLLOW. OPEN CONTRACT 01/03/01 01/02/01 SOLD CALL MEDTRONIC JAN 055"" -1.000 5.67280 563.761.09 SIP 01/20/2001 UNSOLICITED CUSIP NUMBER TO FOLLOW. OPEN CONTRACT 01/22/01 JOURNAL CALL NCO INTL JAN 055"" EXP 01/20/2001 NMI 1,100 NE OTYCASS ASSIGNED 02337 01/22/01 JOURNAL CALL MEDTRONIC JAN 055"" EXP 01/20/2001 NEN 753 NE OMDTASS ASSIGNED 01356 01/22/01 JOURNAL CALL PNC AM. GRP JAN 070PBW 1.100 SIP 01/20/2001 NE OPNCAN ASSIGNED 01682 01/24/01 01/22/01 SOLD PNC FINANCIAL SVCSGROUP INC PNC 55.000 70.00000 3.849.321.66 NE OPNCAN 1100 ASSIGNED AS OF 01/22101 027 0147301:13:44 001 EFTA00197952 CLEARED THROWN ITS wilekLY 0"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 Dec Montech Corer North acedCon. New Ye* 112013859 STEARNS INSTITUTIONAL INTERESTS 6 c/ STATEMENT PERIOD December 30,2000 THROUGH January 26.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER na.AA3ER INVESTMENT ACTIVITY (continued) LAST STATEMENT December 29, 2000 SETTLEMENT TRADE DATE DATE TRANSICIVN OESCRPTION SY1A3OUCUSP OVANMY PRICE DEBIT AMOUNT CREDO AMOUNT 01/24/01 01/22/01 SOW MEDTRONIC INC MDT -75,300 55.00000 4,139,479.45 WITH RIGHTS TO PURCHASE PREFRD MX UNDER CERTAIN CIRCUMSTANCE SHORT. NE OMOTASS 753 ASSIGNED AS OF 01/22/01 01/24/01 01/22/01 SOLD PNC FINANCIAL SVCSGROUP INC PNC 55.000 70.00000 3.848.496.66 SHORT. NE OPNCAN 1100 ASSIGNED AS OF 01/22/01 01/24/01 01/22/01 SOLD TYCO INTERNATIONAL LTD lYC -55,000 55.00000 3,023,524.16 SHORT. NE OTYCASS 1100 ASSIGNED AS OF 01/22/01 01/24/01 01/22/01 SOLD TYCO INTERNATIONAL LTD lYC -55,000 55.00000 3,024,349.16 SHORT. NE OTYCASS 1100 ASSIGNED AS OF 01/22101 01/24/01 EXPIRED CALL MEDTRONIC JAN 055"" 847 EXP 01/20/2001 01/25/01 01/22/01 SOLD TYCO INTERNATIONAL LTD lYC -55,000 55.00000 3.024.349.16 NE OTYCASS 1100 ASSIGNED NO 01/24/01 SO AS OF 01/22/01 01/25/01 01/22/01 CANCEL SELL TYCO INTERNATIONAL LTD lYC 55,000 55.00000 3.024.349.16 SHORT. NE OTYCASS 1100 ASSIGNED NO 01/24/01 SO AS OF 01/22/01 TO Cid PREVIOUS SELL 01/25/01 JOURNAL MEDTRONIC INC MDT -191,410 JOURNAL FROM TYPE 1 TO 2 01/25/01 JOURNAL PNC FINANCIAL SVCSGROUP INC PNC -66,723 JOURNAL FROM TYPE 1 TO 2 027 01'2701.13:44 COI EFTA00197953 CLEARED THROWN ITS ?RIMY 0%M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. SZeirns SON, t4,1 Cap. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Ore Meesetech Cella North 0eock11n. New VC* 11201.3819 STEARNS INSTITUTIONAL INTERESTS 7 c/1 STATEMENT PERIOD December 30,2000 THROUGH January 26.2001 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER K1. ER INVESTMENT ACTIVITY (continued) LAST STATEMENT December 29,2000 SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION SYMIXVCUSP CIUMMY PRCE DEW AMOUNT GRECO' AMOUNT 01/25/01 JOURNAL TYCO INTERNATIONAL LTD TYC -119,467 JOURNAL FROM TYPE I TO 2 01/25/01 JOURNAL MEDTRONIC INC MDT 191,410 JOURNAL FROM TYPE I TO 2 01/25/01 JOURNAL PNC FINANCIAL SVCSGROUP INC PNC 66,723 JOURNAL FROM TYPE I TO 2 01/25/01 JOURNAL TYCO INTERNATIONAL LTD TYC 119,467 JOURNAL FROM TYPE 1 TO 2 01/26/01 JOURNAL TYCO INTERNATIONAL LID TYC 55.000 JOURNAL FROM TYPE 2 TO I 01/26/01 JOURNAL TYCO INTERNATIONAL LTD TYC -55.000 JOURNAL FROM TYPE 2 TO I TOTAL $.3.024.349.16 $22.668.907.17 DEPOSITS AND WITHDRAWALS DATE TRANSACTCN COSCRVICH COW AMOUNT CREDIT A/ACIPIT 01/03/01 FND WIRED MDA MOSWIRED TO 9.900.000.00 01/04/01 FND WIRED IDA#MB022427FNDS WIRED TO 750.000.00 K 01/04/01 FUNDS REC FNDS MED TO CITIBANK FROM 3,500,000.00 01/05/01 FUNDS REC INDS WIRED TO CITIBANK FROM 1,562,686.00 CKASE NYC 01/19/01 DEPOSIT NASDAQ 00 INSTITUTIONAL 1,862.76 CITT 027 01 2/01.13 44 COI EFTA00197954 CLEARED IHR000H ITS MICO.? 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeirns SOC,r44,1 COO. Bear. Stearns 8 Co. Inc. BEAR 245 Park Avenue New York. New York 10167 O-414o:clot+ Canto North Beccidon. Hew VC* 11201.3819 STEARNS INSTITUTIONAL INTERESTS 8 ol STATEMENT PERIOD December 30,2000 THROUGH January 26.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER NUMBER DEPOSITS AND WITHDRAWALS (continued) LAST STATEMENT December 29, 2000 DAM TRANSACTCN DESCRPTICH DEBIT ANOINT CREDIT AMOUNT 01/26/01 FND WIRED MDA FNDSWIRED TO 5,500,000.00 TOTAL 6.16.150.000.00 $5.064,548.76 DIVIDENDS 0.01E DESCRIPTION STIAECIJCUSIP OUAARITY R4TE ['EDT ALIOUT CREDIT AMOUNT 01/24/01 PNC FINANCIAL SVCS GROUP INC PNC 121,723 0.4800 58,427.04 REC 01/12/01 PAY 01/2031 01/26/01 MEDTRONIC INC MDT 191.410 0.0500 9.570.50 REC 01/05101 PAY 01/26101 TOTAL $67.997.54 INTEREST DATE CESCRIFIKIN STAIDOUCUSIP WANTITY RATE !Xi DEW AAIOUT CREDIT AMOUNT 01/22/01 INTEREST ONCREDIT BALANCE 6.0000 58.53 AT 6,000% 12/21 THRU 12/28 01/22/01 INTEREST ONCREDIT BALANCE 6.0000 1.888.27 AT 6,000% 12/29 THRU 01/02 01/22/01 INTEREST ONCREDIT BALANCE 5.5000 4.274.17 AT 5 1,21/4 01r03 MAU 01,20 TOTAL 66.220.97 027 01 2/01.13 44 COI EFTA00197955 CLEARED THROUGH ITS ?AIM? 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC,M*1 COO. Bear. Stearns & Co. Inc. BEAR 245 Park Avenue New York. New York 10167 Ore Mevolech Cella North Beccidon. New VC* 11201.3819 STEARNS INSTITUTIONAL INTERESTS 9 ol STATEMENT PERIOD December 30.2000 THROUGH January 26.2001 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER MAWR MISCELLANEOUS LAST STATEMENT December 29.2000 DATE &COAT TRANSACTOR DESCRIPTOR DEBIT AMOUNT CREPT MOUNT 01/02/01 JOURNAL FR 102-1649aTER LOA 9,914,476.52 01/04/01 JOURNAL TO 047-30185 4,500,000.00 PER LOA 01/24/01 JOURNAL JOURNAL FROM TYPE I TO 2 5.505,139.00 01/24/01 JOURNAL JOURNAL FROM TYPE I TO 2 5.505.139.00 01/25/01 JOURNAL JOURNAL FROM TYPE I TO 2 41,141.04 01/25/01 JOURNAL JOURNAL FROM TYPE I TO 2 41.141.04 01/26/01 JOURNAL JOURNAL FROM TYPE i TO 2 3,033,919.66 01/28/01 JOURNAL JOURNAL FROM TYPE 1 TO 2 3.033.919.66 TOTAL $.13,080,199.70 $18.494.676.22 End ol Statement 027 01,27,01:13:44 001 EFTA00197956