EFTA01320163

EFTA01320163 Statements SDNYG,00349976 CONFIDENTIAL EFTA_00222668 altat0 nannn n WMOur OnNED SueSanan OFFICE Sabil0840 YOUR ACCOUNT Ifear Sten Snug*. Cap. Bear. Stearns & Co. Inc. BEAR 383 Madam Avenue cre Metana Owls Wan Ottann Nat Vol 11201.3859 STEARNS New York New York 10179 EPSTEIN INTERESTS ACCOUNT EXECUTNE ZICHERMANTRA STATEsina Wm° O*COMbor 1.2005 TELEPHONE • INROuCni wervnber 30.2005 VISIT OUR vrE8SITE www.t2earstearns.com What's In This Statement ImIllImIl .1.ullllllttllllllllllttllttlrllltttlttltII TA)PAYER gNaEm On Fik LAST ', Avner(' Nnierner 30, 20D$ Financial Summary 3 EPSTEIN INTERESTS Your Portfolio Holdings 4 IND 12/26491 Transaction Detail $ JEFFERY E EPSTEIN & MARK L • 0 Fund Activity Your Messages 5 6 EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FIR 0 NEW YORK NY 10022-6843 Z T L I C Your Portfolio at a Glance Market Value of Your Portfolio If any information regardng in TOTAL YAWE Of SECURMES THIS PERM* 651.800 Cam 6 Coimbra 574.046 572.068 2035interest. &MOMS. ITISCellaneOtIS intone. Gross proceeds or original issue I/ONEY MARKET FUND BALANCE 74.046 &awes 5651.800 discount is rebuked To be $613.200 reputed to the IRS kc this NET EOURY THIS PERIOD $725,846 account. a Consoklatad Fern, In anent nun*: slue 1098411w mailed to you by iaA %tannin-Xs market vat* January 31, 2006 or a 10425 r NET KUM LAST STATEMENT CHANGE SINCE UST STATEMENT 685,268 40,578 by March 15.2006. pancio kW,. ow e. TT vecnnd wanes NI se an n0nts n no nil Le el Sean. rd M Not ta t a Ma There are no 'Stop loss' orders or other pending buy or sc4 open orders on file for your account. LL66PEOCLAID- ANCIS P.m* roan any donna n Kenyon V owns Cr nxin. Nand anencet Sannesalte:683.1424 n *Inn Ore SartainI Mae. non nn %atm is It arrotat awns 0./.1113 Mt Ken*, &Situ dennert. 'NI Usenet staid ee raw fa ynt arts. See row*, Se far liecetarl rifmnien Con, Cro bins. Cane klirth. aeon" NY. 11>01•X69 027 12,31O5:D9W COI EFTA01320164 CONFIDENTIAL STATEMENT BACKER IS PRINTED ON THIS PAGE SDNY_GM_00349978 EFTA_00222670 EFTA01320165 CLEA440 TAIRCLXA rrS wmOcAY O.140 SUSSIOWCY OFFICE SEMBONG YOUR ACCOUNT Bear. Steams & Co. Inc. BAY Siere Starilin Cap. BEAR 383 Madsor Awme One 1/01111“11 Orta Muth of 112014$19 STBIRNS '0179 EPSTEIN INTERESTS 3 se STATTLWAT P€RG0 Oecem4:c 1.2005 "neon Decanter 10.2005 ACCOUNT MA R Cash Flow Analysis Income Summary ttAPAYL, wan On Ile net moo INS moo YUR IV DATE LAST STA/SWILT Narembef 90.2005 OpeningBalance $0.00 DM:lends 1,978.25 16.67824 Money Fund 228.25 Total $1.978.25 516.676.24 T4iNROUNO0 Dividends/interest 1.750.00 Amount Credited 51.978.25 Portfolio Composition Money Fund -1.978.25 Cash/Cash &tuatara 7.1,046 Amount Debited 5-1.978.25 E9Aies 651.800 Closing Balance $0.00 Total 5725.846 Your Portfolio Allocation CAM a Equharent 10% 6L66VEOCIND-ANCIS (guides 90% u-04043 4:AtAL anal. Ole Nieto ate net IllOrAC *S. 11* at warty, 4.1.41 /rtn. Ws war Miry, .whe a pa' WU.. 027 1431.05:04C0 001 *99 rn 8 b.) IJ IJ --J EFTA01320166 CUOMO 11410141-4 ns met:9 0A1C13 SLOSCONY OFFICE SERVICING YCVR ACCOUNT, Gay. Run Semmes Cap. Bear. Stearns b Co. Inc. BEAR 383 Madison Aven..e 'a178 ON MenteCA Cutts Rath Omit" Nor Yon 11201-3869 STEARNS EPSTER4 INTERESTS 4 STATPAP.7 PEA= DOCVntet 1.2005 nROUGH Elternber 30. 2005 ACCOUNT want ToxrAvER male. On Fit Your Portfolio Holdings 43T STATEACIT Norte 30.2005 CASH & CASH EQUIVALENTS Wan, ESTIOATE0 LlIEBM 0 CtSCRIMON DREYTUS CASH MANAGEMENT-CL A SniSCUCeS• DICril VOLE 74.046 ANNUAL WORE 2.814 MD nu 3.8003 0 eSTItuTIONAL SHARES EST. 30 DAY MSG YEW 4.110096 TOTAL CASH & CASH EQUIVALENTS 574.046 32.814 m EQUMES C Equities & Options in The research ratings for Bear Steams (BSC) are shown for certain securities covered by the Firm's Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 - Outperform: P - Peer Perform; U Underpeicem. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating Is as follows: MO - Market Overweight; MW - Market Weight: MU Market Underweight. In cases neon a BSC rating is present. the name of an independent, third-party research provider and their rating may also be displayed. %bete such research is available. The various providers have normalized their ratings systems as follows: B — Btiy: H — Hold: S — Sell. The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal or investment advice. Bear Stearns is neither soliciting any action based on such infccmabon. nor endorsing any recommendation or opinion expressed by any Independent, INICSIXIIty research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. r Independent. third-party research on certain corn anies covered by the Firm's research is available to customers of Bear Stearns at no cost. Customers can access this research at vnwr.bearsteams.com or can call to request that a copy of this research be sent to them. ACC MARKO (MUM DAMN! uscrunss SYMIOUOJW nlE OtwitriV ,ct R \ AUX 4104UN. INIOYA !ILO IV ABERCP3MEIN a FITCH COLA ANF CASH 10.000 65.1800 651.800 7.000 1.0739 8X RAM& STOCK 0/SECTOR MW CAMAY FI/UNCIAL PIC. RANG: 8 086617£00- 019- ANGS ?ANNUS SA-SPONSOREDADR 8POIV CASH 20.000 Wonted REPSTG 8 MR t NIS Total Equities& Options 5451.800 57.000 TOTAL EQUITIES 5651.800 57.000 027 12/21/03:0000 001 EFTA01320167 aeARAD neaDvem MS "Clio emu, SAMCreief OFFICE SERVICING YOUR Amon Beet. Swarm & Co. Inc. AM. Stuns SeIXTINS COT BEAR 383 Mt.Jim Mena New YccIL New V&A 10179 Ooe Mettath Gs. 143/71 ereoltin. New Yen 11201.3450 STERNS EPSTEIN INTERESTS 5n5 trAymoner PIRKO December 1. 2005 nillOUGH December 30.2005 AGGCuer reuMEA TAXPAYER NOWA Your Portfolio Holdings (continued) LAST 'TAW Novercor 30. 2005 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $9.814 YOUR PRICED PORTFOLIOHOLDINGS $725.846 0 ii Transaction Detail MONEY FUND ACTIVITY C in DATE VOW DESOMPTION SORIOO:21 Ouratt Fax MT /gam GRONT a 12/01103 OPENINGB.MANCE 72.068.02 12101/06 DMDEND DREYFUS CASH MANAGEMENT.C1 A CCU 228.25 MONTHLY r 12/01105 REINVEST DREYFUS CASH MANAGEMENT-CL A tySmunoNAL SNARES 228.23 228.25 ONFXND RONvEST 12120,05 BOUGHT DREYFUS CASH MANAGEMENT.CL A DICXX 1,750 1.0000 1.750.00 INsunAtuuu. Smuts 12/3005 CLOSINGBALANCE 74,046.27 T866PEOCIA19- ANGS TOTAL 3.1.978.25 5228.25 027 12.411A)62)1.10 COI ‘1199 EFTA01320168 CLEM= ItH n VPICLis 0104111 SISSY OFFICE SERVICING YOUR ACCOUNT Se. Stuns konan Cos. Bey. Stearns a Co. Inc. BEAR 383 Matson Avenue New York. New York 10179 Cps lAsistech CT,* en now see ton 11201-3859 STEARNS (212) 272-2000 EPSTEIN INTERESTS 6 PT STATIMPT PIPXO Master 1.2005 THICOCUT Der.. 30.2005 Transaction Detail (continued) ACEOuiST NIP.Ot WW/a .US On Fie DIVIDENDS LAST STOW Noserme 3D. 2005 DATI OE SCIMPTISI SYMIOUOSUP OULNUTT RAW MI OEM WOUTI mar MOW 12(20/05 ABERCROMBIE 6 FITCH COOL A Aid 10.0:0 0.1750 1.750.00 KO 1112105 PAY 1212005 TOTAL 51.750.00 0 Z T i t Your messages C in et part of the National Association of Securities Dealers (NASD) Investor Education Progam. you may obtain intimation on the NASfYs Public Disclosure Progam by contacting the NASD at telephone number (800) 289.9999 or vie the interne address which is vivetihasdr.com. In addition, a brochure exploiting the Public Disclosure Program is available from the NASD upon request. r STOPI End of Statement Z866PEOCIA19- ANGS 027 12/31.9500•00 vO99 EFTA01320169 CLEANED 11111CUCH rrs wears Oman SUNIDIARY OITCE SERVICING YOUR ACCOUNT Bear, Steams & Co. Inc. se. Stuns 5100Cos CM- BEAR 383 Mattoon Avenue N Y Qw Matthiat ORM Mora Yet 112O1.3151 STEARNS York 10179 EPSTEIN INTERESTS *mourn EXECurArt PICHERMAN.IRA Statiala 00030 NOvember 1.2005 TELPHONE 114010UOM NO icrte 30. 2005 ViSIT OUR IMBSITE vmsv.bearstrams can ACCOUNT WARM IMINER What's In This Statement IllrllllllllllrlrlllllllllrlllelllllllllllllllellllllllllrlRll TAXPAYER MA On Fie tAST $TATELENT October 31.2005 Financial Summary 3 EPSTEIN INTERESTS Your Portfolio Holdings 4 DID 12/26/91 Transaction Detail 5 JEFFERY E EPSTEIN & MARK L • Fund Activity EPSTEIN & WIWAM ELKUS FTEES 457 MADISON AVENUE 4TH FLR 0 NEW YORK NY 10022-6843 -n C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL VALUE OF SECURMES THIS PER/20• 613.200 csth Doan S72.068 371.848 MONEY MARKET FUND SALA.NCE 72.068 Emiless $613.200 5519.903 NET EQUITY MOS PERIOD 5685.268 Carrera marker vela NET EDWIN LAST STATDIENT 591.746 MO Lau Hartmann maker mkt r CHANGE WOE LAST STATDADIT mr veriblo —w sr won toward "01 Oa OW fa 93.522 afraid 17 hi TOP Yea✓lloOraos and Me MN ISO TN, Post There are no 'Stop Loss' orders a other pending buy or sell open orders on Me for your account. £866PEOCIA19- ANGS PIM. earl•071.0lialjall,Itett > cxercis or 0:0t. MOMS a C44, W.1 ra alum 177NIS er ram az, art Crews n Roar Sown. Sytwerer CM. On lalreath Omar !Ica Bourn. ror • WIY-)ari rail 'NTR SWIRLY RIa Incemtlenal Repast. wry. 1Or not Iterdel Sint 607tratt sutorret soca SA rained to yorr MeV. FA Merida& fa earned VrIrrnarro 027 12,31,O6737U car 11790 EFTA01320170 CLEARED INREtral EFS Lv °owe) Ea*Way Bey. Slain Secvain Coro, Ore thrown, Conn Abe, t wo" pow vceg it 201.11.59 EPSTEIN INTERESTS 0 0 z T E I STATEMENT BACKER IS PRINTED ON THIS PAGE C rn z -H r t7866t7£00- 019- ANGS Oil 12.01/04,37 35 CM ril IJ IJ IJ --J a'• EFTA01320171 CLEARED VoiROJOv ITS 'eased, OweES SteSpeity OFFICE SERVICING YOUR ACCOUNT Beer. Steams a Co. Inc. eer. Seem.. Scoscies Co'. BEAR 383 7.1adison Avenue fee llentech c. Nov Oriver. ken VA 11201.3159 STEARNS Nei./ VD*. `Len York 10179 EPSTEIN INTERESTS 3 es STALEMEhT PER= Nbierntio 1.2005 TARQUOM ekheeretS 30.2005 Cash Flow Analysis Income Summary ACCOLMT YuLOWI TWALLIR MAWR TIC LIMO, INS P(2100 WAR TOOLS( LAST STATVALNT October 31. 2COS Opening Eta lance $0.00 Dividends 221.76 14,697.99 Money Fund 221.76 Total $221.76 $14,697.99 Amount Creaked $221.76 0 Money Fund .221.76 Portfolio Composition z Amount Debited 1.221 76 CashiCash Equivalent 72,069 m CloSing Balance $0.00 Equities 613,200 5 Total $685.268 m z -H Your Portfolio Allocation r 58666£00 W9 Ueseeled %Ile• wee CAW eleeeee rote MAI erste: nix. The alecereee weeny le eleeeme frtnn re etAniees Arse, ala of par Lelolek 021 124,1105,07 SS 00' VISO I8 --J --J EFTA01320172 CLENKO nOtOutei TTS verCur ten= summer OFFICE SERVICING IC( ACCOuVr W. Swim Seamen Cap. Bear. Steams & Co. Inc. BEAR 383 matison mon-c One Meow% Ca, wenn letrerbe new York 11201.380 STEARNS EPSTEIN INTERESTS Sterne? PERICO November 1,2005 Ineetam November 30.2005 AeCturn Ware Minnie NANO. On Fie Your Portfolio Holdings LAST STATENENT °crabs 3% 2005 CASH & CASH EQUIVALENTS Weal ESTIMATED 0.0Ron C430NPTON erveareuSe ou/irm PRICE VINE IMAM ACCalf MO IV DREYFUS CASH MANAGEMENT-CL A DICEY 72.068.02 1.0300 72.068 2,567 3.7007 0 iNSTitunDHAL SHAPES EST, 30 DAY AVG VIEW 3,9000% TOTAL CASH & CASH EQUIVALENTS S72,068 $2,667 -n EQUITIES C Equities & Options in The research ratings for Bear Stearns (BSC) are shown fa certain securities covered by the Firm's Equity Research Department. The first rating represents the stock's total return relative to the other stocks coveted by that Analyst. The key for the stock rating values is as follows: 0 Outperform: P — Peer Perform: U - Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO - Market Overweight; MW — Market Weight; MU — Market Underweight. In cases where a BSC rating Is present, the name of an independent. third•party research provider and their rating may also be displayed, ‘vhere such research is available, The various providers have normalized their ratings systems as follows: B = Buy: H = Hold; S - Sell. The ratings information contained herein is for informational purposes on and is not intended to provide tax. legal or investment advice. Bear Stearns is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent. third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. r Independent. third-party research on certain companies covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at mim.tearsteams.00m a can cell (800) 517.2327 to request that a copy of this research be sent to them. ACCI WACO (.531/ATID CURRENT CeSCOPTIOn Sweet/CUS. Mt OLIA/Mtt PM VALUE MOIL IPICOAC YEW (SO ABERCROMBIE & Bleb CALLA ANf CASH 10.030 61.3200 613.200 7.000 1.1416 BSC RATING: STOCK 0/SECTOR NW CATHAY FIMNCI4L INC. RATTIG: 5 9866PEOCIN9- ANGS BANPAIS SA•SPONSOREDADR BPtBY CASH 20.000 unpriced REPSTG 6 SER I 3115 Total Equities& Options $613,200 $1,1200 TOTAL EQUITIES $613.200 37.030 027 1101850735 COI elite I Sb.) V.) IJ 00 00 EFTA01320173 aunt TI/10{0I4 128 V4,40.1.Y OHNED Wintwe arra SERVICING YOUR ACCOUNT Bear. Steams & Co. Int. BEAR 383 Madison Avenue w IrneoteHt Gem Xolli aroathn We Yet 11201.3859 STEARNS Now York. New York 10179 EPSTEIN INTERESTS 5 as 87HitucHT MOD Nometer 1.2005 Hoverter 30.7005 24COuHT Wallet 723320041. Ma, lir a. Your Portfolio Holdings (continued) .AST STAT9WNT October 31. 2005 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUM. INCOME S9.667 YOUR PRICED PORTFOLIOHOLOINGS $685.268 0 ii Transaction Detail C MONEY FUND ACTIVITY in DAN RCMP TWISACTIIII DESORPION Svoll01./CUSP moony Pea eEen Mellel MINT ACM 11101105 OPENING8A1ANCE 71.846.26 11/01/05 DIVIDEND DREYFUS CASH MANAHOHENT-CL A DICIU 221.78 INSTIRMONAL SHARES MONTHLY DP/MEND r 11/01/05 REINVEST DREYFUS CASH MANAGEMENT-CI A eaSTOUTIOHN. SHARES DICOC 221.76 221.76 CHDENO REINVEST 11130/05 CLOSINGBALANCE 72.068.02 TOTAL 3-221.76 1221.76 L866PEOCIA19- ANGS 031 201A5:07 35 Col V888 EFTA01320174 REARED THROJOPI ITS %NOW' 01-0 Steetcrav (NICE SERVICING YOUR ACCOUNT Bear. Swans Seastes Cob. Bear. Steams & Co. Inc. BEAR 383 Madison Avenue New V.A. New YON( 10179 Ore ifesolecn taxer fen too*. New vest 11201-3639 STEARNS EPSTEIN INTERESTS ACCOUNT MIME 7ICHERMANIRA STATfvf•T Prince oczeber 1.2005 TELENCNE TH9CksCe4 Ociots 31. 2005 VISIT OUR MEW( W.W.beargearns.obbn ACO011e %AMER What's In This Statement I...1111..1i..... TAx•AwER 41.1.0ER On fee LAST STAY-FUN, September 30.2005 Financial Summary 3 EPSTEIN INTERESTS Your Pordolio Holdings 4 OTD 12/26/91 Transaction Detail 5 JEFFERY E EPSTEIN & MARK L • T4iNaGUNO0 Fund Activity 5 EPSTEIN & WILLIAM ELKUS ITEES 457 MADISON AVENUE 4TH FIR NEW YORK NY 10022-6843 Your Portfolio at a Glance Market Value of Your Portfolio CAM Equan a 671.646 TOTAL VALUE Of SECURMS VAS Mum, 519.900 $71.034 MONEY MARKET RIND BALANCE 71.846 Upsides $M9.903 6498.800 NET FOAMY Ma PERIOD 5591.746 OM eirrent market value NET EQUITY UST STATEMOR 569.504 ▪ last statemercs market value CHANGE SINCE LAST STATEMENT 22.242 true =apse urea. re a mt. Trertara wart.. kW ow eat rePeetea e Pt To* vas of Seculars are Pe Wet Babb This Neat There are no 'Stop Loss' orders or other penrAng buy or sell open orders on rile for your account. 88666£00 W9 Betas Bort rateriemor it way. N cream aWW. . Misted Ts atirrni b yes. 'naryN Ta irfcavoyel payees We/. Ft as Ml reamielas a OA Canes. Get Sseet.•140304-1421. a vole a Chet Sawn N Beet Se•• kens IN rawest sheaf MI meshes la yea records. Sae Nana Side Sr iwatint.thretabVi Can. 0.. IleirAsth Gina, x•m iroothn 20 4461 027 11,0101 OS 34 Pet V097 I S b.) 00 00 EFTA01320175 CLEARED 114tOLC2i rTs 007.00 SuliSi0020 gut Sums Semites C00. Ore stvu051 Csair Nru 0 ,20r. Ntar Tot 11201.0959 EPSTEIN INTERESTS O z -n STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r 6866PEOCIA19- ANGS 027 11/01.0.911:34 001 V097 8 IJ IJ 2.) 00 00 EFTA01320176 CLEARS, 111000704 ITS alto' ownED SIAISIDWV OFFICE SERVICING YOUR ACCOUNT kw. Stuns Sactein Cap. BOIL SWIM & CO. Inc. BEAR 383 Madison ArertO7 New York. New s'ock " 0179 Pie Metn7ch Wage North 8.888n. Mu Yin 11201-31079 SIMMS EPSTEIN INTERESTS 3 NS reesesa PERIOD Oct 1.2003 flinoir.,04 Wow 31.2005 ACICCIAT MASER Cash Flow Analysis Income Summary TAxpArEk win" On Fla MIS PERIOD ma to Dm TIN PERI3D UST STATCWW7 Scatinber 30. X05 OpeningBs ranee $0.00 INvIdendS 842.68 14.476.23 842.68 Total 5842.68 514 476.23 Money Find 0 Amount Credited 5842.68 0 Maley fund -842.68 Portfolio Composition z Amount Debited S-842.68 Contemn Equivalent 71.846 m ClosingBalance $0.00 Wan 519.900 Total $581.746 C in z -H Your Portfolio Allocation r Cash 4 (000.7700, 13% 0666PEOCIA19- ANGS Cgt,itieS 87% t".•4004 laYki•O Wow la: 700, ra VO1 ma* vsbaxi 7, • 4katen ppiriner s 0nwl Inn re .114.4. nor.* rah.a or sr owe+, 027 11,01.03:01 14 0:0 VS) ril 8 IJ IJ IJ 30 oo 1.0 EFTA01320177 CDS not000m as wattlY pm= EAISSOMm OFFICE SERViCING WuR ACODUNT Bea% Stearns & Co. Inc. Net Simms SnanIel Cap BEAR 383 Madison Avenue ack 10179 On. ileiroWn Caw Abrn at 11201.869 STERNS S EPSTEIN INTERESTS 4>6 sTATENewr nmoo Ortoter 1.2005 notouom Water 31.200$ A02Cuir nuns. ll TAVIAMIR Nunn On File Your Portfolio Holdings LMT /TAMAN? Sentence 30.2005 CASH & CASH EQUIVALENTS Wear ESTIMATED CURVY/ T4iNaGUNO0 orscarnoit SIVIOUCUSIP CIUNIVIT PRIX Mina won MX/ II0 DREYFUS CASH MANAGEMENT-CL A DICU 71,848.26 1.0500 71.846 2.443 3.4003 INSTITURONAL SHARES EST. 30 DAY AVG YEW 3.7500% TOTAL CASH & CASH EQUIVALENTS 571.846 52.443 EQUITIES Equities & Options The research ratings for Bear Stearns (BSC) are shown for certain securities Carved by the Firm's Equity Research Department. The first rating represents the stock's total rettrn relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 - Outperform: P = Peer Perform: U = Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO - Market Overweight: MW -, Market Weight: MU - Market Underweight. In cases where a BSC rating is present. the name of an independent, third-party research provider and their rating may also be displayed. where such research is available. The various providers have normalized their ratings systems as follows: 8 - Buy, H - Hold: S - Sell. The ratings information contained herein Is for informational purposes only and is not intended to provide tax. legal or investment advice. Bear Stearns is neither soliciting any action baSed on such information, nor endorsing any recommendation Cr opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent. third-party research ' 'es covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at vmw.bearsteams,com or can call to request that a cagy of tNs research be sent to them. ACL1 AWAIT csnwtto coanna OFSCRIMIM SISALS* NPR Pea 519.903 w.OX MIAMI. MUM nEte ne ABERCRC4ABIE & FITCH CO-CL A ANT CASH 10.COO 4(Wafft 51.9900 7,000 1.3464 BSC RATING: STOCK 0/SECTOR MN CATHAY FINANCIAL INC. RATING: B BARONS SA-SPONSCREOADR BPIBY CASH 20.000 Unpiked REPSTG 8 SER L SHS T6660£00 W9 Total Equities& Options 5519.900 57.000 TOTAL EQUITIES $519,900 $7.000 027 II/01000e SI 001 1107 to I S b.) IJ IJ 00 00 EFTA01320178 CLEARED TIRSOLION RS smart onto S& SC CETICE SERVICING YOUR ACCOUNT Sea. Yarns Sermon Cup Bear. Stearns b Co. Inc. BEAR 383 Mason Avcm.e Now York. Neve YrA, '0179 One PAtinfach Came Mee Irma" Km York 11201-1859 STEARNS EPSTEIN INTERESTS STATIANINT PEFACO Outoer 1.2005 TomOuGN OstcOm 31. 2005 ACCOvrer WEER 'amma Wines On 1k LAST STATEMENT SeMente 30. 2005 Your Portfolio Holdings (continued) YOUR PORTFOLIOHOLDINGSESTIIAATED ANNUAL INCOME 39.443 0 YOUR PRICED PORTFOLIOHOLDINGS 4591.746 0 z m Transaction Detail MONEY FUND ACTIVITY C in DATE z vOISAT 10/01/05 TRANSACTION cacairlION OPENINGBALANCE SMADOIDAIIP Ewan 71.003.58 MICE an PAIMIn carte mew 10103105 DIVIDEND DREYFUS CASH MANAGEMENT-CT A DOM 842.68 INSTRUTIONAL SHARES MONDLY DPADEND r 10/03/35 REINVEST DREYFUS CASH MANAGEMENT-CL A INSIITUTKPLAL SHARES 842.68 842.68 CADDO RERIVEST 10/31105 CLOSINGBALANCE 71.846.26 TOTAL S-842.68 $842.68 Z6666£00 W9 027 0105.011 34 Doi '497 b.) IJ IJ 30 00 EFTA01320179 CLEARED THACUSI ITS WYOUY OWNED taillSOA/Ce OFFICE SERVICING YOUR ACCOUNT Beat. Steams a Co. Irc. EAU San SoDedek GAD BEAR 383 MediSDI Morgue New Tech, New Tort 10179 ON *Meth Cats WO 'oleo. New Yon 11201.3859 STEARNS ISM EPSTEIN IMERESTS ACCOUNT ETECUUVE ZICHERSAANTRA STATEDENT PFIA00 SeElbrobe 1.2005 TELEPHONE (■ meow.. Septerreet 30.2005 vlsn OUR WEITSill mymbeatsteann.com ACCOUNT MAMA What's In This Statement IIIIlilt...1111111LI.111111111111111111111111111151II IIII I I WEAVER WIMP, LAST STATIAIENT Aqua 31.2005 Financial Summary 3 EPs7EiN INTERESTS Your Pcrtfctio Holdings 4 DTD 12/26/91 Transaction Decal 5 JEFFERY E EPSTEIN & MARK L 0 Fund Activity Your Messages 6 7 EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FIR 0 NEW YORK NY 10022-6843 m C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL VALUE Of SECuerriES alb POMO' 498.500 Cash a Equealert 371.004 5667.541 MONEY MARKET FUND BALANCE 71,004 [gibes $498.500 SO Ter Eaurry THIS Pam $569,504 In Oren: mate rake NET EMMY IAST STATEMENT 667.544 OM last statetneets MIAS valte r CIW4CE SINCE lAST STATEMENT -my told* el:Lida almas ereecia era -98.040 ON lee ea letetet4 A IN eler IS of flearbre rel to Net Rate 11* IMOD Them are no 'Stop Loss' orders or other pending buy or sell open orders cc file for your account. £666PEOCIA19- ANGS bast woe any oJWf or norersil of cesees or an.. ACkelee r eetvresi a eve ITV 1, 11 envy n Dr Memnon( AITOM WO. In. tot mow os a Us COODIDE ea Clore Sericee at IC043•14.11: of Toy Is Peer Green en W. Sun Seam. Tele stemeww Veda be Mane No yew men% Sn KWH >de It, rtputen rforrwer Cup. CAA YeAleece Corer Ma leo.), 5 Y is xiabe 027 130105 r 53 00 mm95 ril 8 b.) V.) Is) 30 00 EFTA01320180 IN OAK!, 0•80.104 rrs 01.01.2.Y CM060 VultS0A.We Bac Sian Swans% Cap On Vaeohch Crew WV. 8200220 Mew ry6 11201.1859 EPSTEIN INTERESTS 2 0 z m STATEMENT BACKER IS PRINTED ON THIS PAGE ci m z H r 1766617£00- O1D- ANGS 027 11101.03:11:50 D01 S1 O EFTA01320181 WARP-0 TiltOLKS. ITS 'MOLLY 0'w4 SUSS-CaRY OFFICE SERVICING YCOR ACCOAT Bur. Surf Starnes Coo. BEAR Bear. Steams I Co. Inc. he Udinsoo Carelt. 100. 383 Madison Avenue erooihn. Mw vat 112014869 STEARNS New York_ `Jen. 'jerk 10179 (1.01.1 EPSTEIN INTERESTS 3 ae STATEMENT etea. Seventy.* 1. 2005 THROuCom Semmes 30.200s Cash Flow Analysis Income Summary ACCON0 PeJUSE9 TAOAVVR KAMER l itM in nes PERM 1111$ 101:00 YEAR MOM WT STATMENT Au;ust 31.2005 OpenIngEtelance MOD Dividends 1.864.41 13.63345 Mcoey Fund 600,269.41 Total $1,864.41 $13.633.55 Amount Credited $600.269.41 0 Secedes Bought Money Fund -548.405.00 Portfolio Composition z 1.864.41 Cash Cash Equrralem 71,004 -n Plaids Withdrawn Amount Debited 40.000.00 S-600 269 41 Equines 498.500 C ClosIng8alance Total 5569,504 in $0.00 z -H Your Portfolio Allocation r 5666PEOCIA19- ANGS LMINCe4 MM 01,01 0P:4 BYau are..C.r erto vrsua rn. alltealen :ac 3. wcnoc won Ire *wawa rw'ree viba• W.' )41.0b 027 10C, 0] 11 SO 001 VI% I8 b.) tO U.) IJ 00 EFTA01320182 C.E.AFit0 114ROVell ns wrOLLY 04.041.0 &eta*Re OFFICE SERVICE% YOUR ACCOUNT Bear. Steams & Co. Inc. Sew. Sion" Sxulles Carp. BEAR 383 Madison Avenue Y NeA 10179 0.* Iternseen Crier Wets bed,pi Paw CA 20 .3*19 STEARNS EPSTEIN INTERESTS 4 t3 STAIStEsT KA 00 September 1.2005 1179004. September 30.2005 ACCOUNT luw8ER TAxiwctot to-went On File LAST rrerorter Aught 31.2035 Your Portfolio Holdings CASH & CASH EQUIVALENTS ESIWATED CURIUM INSCRIPTION SYLII.XOSP amen PRCI Wein ',CPA fl LO (IQ DREYFUS CASH MANAGEMENT-CL A DICKS 71.003.58 1.0000 71.004 2.411 3.3998 0 INST1TUTCOLAL SHARES EST, 30 DAY AVG YIELD 3,6200% TOTAL CASH & CASH EQUIVALENTS $71,004 12.414 -n EQUITIES Equities & Options in The research ratings for Bear Steams (8SC) are shown for certain securities covered by the Finn's Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 - Outperform: P -- Peer Perform: U = Underperfonn. The second rating represents the rating of the coverage universe relative to the regional broader market Index. The key for the sector rativg is as follows: MO - Market Ovenveight: MW = Market Weight: MU - Market Underweight. In cases where a BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed. where such research Is available. The various providers have normalized their ratings systems as follows: 8 — Buy; H — Hold: S - Sell, The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal or investment advice. Bear Stearns is neither soliciting any action based on such informatico, nor endorsing any recommendation or opinion expressed by any independent. third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. r Independent, third-party research on at vmw.bearsteams.com or can cal in m ernes covered by the rim's research is available to customers of Bear Stearns at no cost. Customers can access this research to request that a copy of this research be sent to them. AOC, PAMICE1 (SUVATED OSSOCI CeatIPIO4 SYMBOUOUSP Mt 000111TY Kla YIOC /ARM WOW 111110 ra ABERCROMBIE & FITCH COC1. A ANF CASH 10.000 49.8500 498.500 7.000 1.4042 BSC PATRIC: STOCK WSECTOR IAN CATHAY FINANCIAL NC. RATING: B 9666PEOCIA19- ANGS BANPAIS SA-SPONSOREDADD. OPtBY CASH 20.030 UnprIced REPSTG 6 SER L SHS Total Equities& Options 5498.500 17.000 TOTAL EQUITIES 1498.500 57.000 027 1001CA 11 SO 001 W06 I S b.) V.) is) 00 00 00 EFTA01320183 ammo nrsator ITS eraiOU. OrMOD SUIIIIONRY OFFCE SERVKING YOUR ACCOUNT Dew. Steen Soorion Ca,. Beer. Stearns & Co. Inc. BEAR 383 Mattson Avenue NN k 10179 Coo MonoOs Colo North iiiir m ercto 11201.3109 STEARNS EPSTEIN INTERESTS S ore IRATE046/0 n*CO SOCCOMber 1.2005 TIO0/0/4 Uotomore 30.2005 ACCOUNT SLUM 1. 11.02 102IPAYEIR MAIM On Re einovoe Men! 31.2006 Your Portfolio Holdings (continued) YOUR PORTFOL IC HOLDINGS ESTIMATED ANNUAL INCOME S9.414 YOUR PRICEDPORTFOLIOHOLDINGS 5569.504 0 ii Transaction Detail INVESTMENT ACTIVITY C in WISDOM an MCC DOI IllMISX/1014 DISCROTION satt.tusn cusannv NCI mart Aram CittOIT WOW 09/12/05 09/07/05 BOUGHT ABERCROMBIE & FITCH CO-Ct. A ANT 10.000 54.78000 548.405.00 UNSOLICITED TOTAL 5-548.405.00 r DEPOSITS AND WITHDRAWALS Oen TROISAC11014 DISC anrt AVOura MIXT .1F0141 09/20/05 END WIRED M l. FNDSWIRED TO 50.000.00 Bin TOTAL s.so.000.co L666PEOCIA19- ANGS 02' raprof..1150 COI SIN 1 8 IJ IJ IJ 30 00 .40 EFTA01320184 WARP ile0UGH es mad, ate) MA (ay OFT/CE SERVICING YOUR ACCOUNT Bete, Steams b Co. Inc. is. Simms Swoon Cop. BEAR 383 Madson Aten..e Now York. New Yr 0179 Ow Mimed, Goa men maws Ns Yen 1120%.1/1$0 STEARNS EPSTEM INTERESTS 6 et STAIIDJENT KAM September 1. 2006 minuet. Septemate 30. 2005 Transaction Detail (continued) ACCOUPer MAWR imPAyeli mule. On File MONEY FUND ACTIVITY usr suallawr Aucent 11.2006 DAR WILY IRREALIVN ceSabletti SmOOLCia our IDNE MI MOW came AM0LIM 0901/05 OPENINGBALANCE 667644.17 0 09101/05 DMDEND DREYFUS CASH 1.4.411AGEMENT•CL A INSTITUTIONAL SHARES IICAMILY DNIDEND DIC10I 1.864.41 09/01105 REINVEST DREYFUS CASH IAANAGDAENT.a. A DIC10I 1,864.41 1,864.41 -n 09/12105 SOLD INSTITUTIONAL SHARES CAVIIEND REINVEST DREYFUS CASH IMNAGEMENTCL A DIC0 -..448.40S 1.0800 548.405.00 C iNSTiTuTOLAL SHARES in 09/20/05 SOLD DREYFUS CASH MANAGEMENTCL A INSTIRITION.Al. SHARES OICU -50.000 1.0000 so,ozece z 09.0005 TOTAL CLOSINGBALANCE 71.003.58 5.1.864.41 5600.289.41 r 8666PEOCIA19- ANGS 027 SO COI YBAA ITI 8 b.) IJ Is) 8 EFTA01320185 MEARES THROutri ITS Endplay ONNIE0 SteSWAT OFFICE SERVICING YOUR ACCOUNT Sem Mews Smote. Ca. Rear. Steams a Co. Inc. BEAR 383 Madison Avenue ork 10179 Cat *meth ewe Item &Soon II20,48SE STEARNS S EPSTEIN INTERESTS STATEMENT PERIO0 SeptefrECt 1.2005 NROUOM Septtinta 30.7005 ELEM.(' Numetil TAXMAN.* 'ammo% On FM Your messages WIT STATetexT Aygdt 31. 2005 Bear. Steams Securities Corp. Net Capital and Net Capital Requirements: Securities and other assets in your account are the firm's collateral for any raF margin loan made to you. If the securities and other assets in your account At May 31. 2005 and July 31, 2005. the Company's net capital of decline in value, so does the value of the collateral supporting your loan, and. approximately S4.1 billion and $3.9 billion was approximately 6% and 7% of as a result, the firm can take action, such as issue a margin call and/or sell 0 aggegate debit items and exceeded the minimum regulatory net capital requirement of approximately 41.3 billion and S1,1 billion by appronmately 52.8 billion and S2.8 billion, all respectively. securities or other assets in any of your accounts held with the member, in order to maintain the required equity in the account. It Is Impoitant that you fully understand the risks involved in trading securkies on margin. These risks include the following: m A complete copy of the Bear, Stearns Sectrities Corp. Statement of Financial Condition Is available on the web site vrmv.bearsteams.com. Alternatively. to • You can lose more funds than you deposit in the margin account. request a free printed copy please call - toll free 1-866-299-9331. ci • The firm can force the sale of searities or other assets in your account(s). m • The firm can sell your seasities or Other assets without contacting you. • You are not entitled to choose which securities or other assets is your account(s) are liquidated or saki to meet a margin call. H - The firm can increase its 'house maintenance margin requirements at any time and is not required to provide you advance written notice. r • You are not entitled to an extension of time on a margin cat 666617£00- IND- ANGS 02) 1001,26:11 SE Yvoe EFTA01320186 CLEARED T140.04 ITS moms* awe 0.10SOARY ma SERVICING YOUR ACCOUNT SW. Seisms Scones co' Bear, Stearns & Co. Inc. BEAR 383 Marinas Avenue 10179 Go *math C— IWO mar 112014559 STEARNS EPSTEIN INTERESTS a• SunOS, Pelb00 Secternbcc 1.2005 THROWN Sopowntor 30.2005 ACcoaa mAskoi TAXPAYER komt01 On fie LAST ssftonOn MOSS 31.2006 This statement is provided to explain Bear. Stearns & Co. Inc.'s (-BSC") payment for order flow practices. UM' Pursuant to SEC Rule 11P.c1-6, please note the follmving: BSC routes a majority of orders for customer securities transactions to the Bear. Steams & Co, Inc. will post its quartedy routing statistics at the following primary market for such securities. Orders may also be routed to other market web link: http://vmw.bearsteams.comr. Click on Individual Investor, Click on service vendors that assure executions pursuant to complex mathematical Equities. Click on Order Routing Practices. O formulas at better than the national best bid or best offer (N88O). BSC receives no cash payment or other consideration for such coder routing other Customers of Bear. Stearns & Co. Inc. may request information on any order z than favorable executions or executions of limit orders at no additional charge. executed within the prior skit months from The time of the request. Specifically. -n you may request the Identity of the venue to which the identified orders were routed for execution, whether the order was directed by you to that venue. and the time of the executions, if any, that resulted from such orders. C in z STOP End of Statement r 0000SEOCIN9- ANGS 02/ 1001,03.1i SO 001 V1196 EFTA01320187 CLONED MSCUOPI ITS ANC:UV °ma SASHAY OFFCE SERVICING YOUR ACCOUNT ace Stwors Staritin Cap. Bear. Steams & Co. Inc. BEAR 363 mackson Avenue Die Merge, Caeca Ram Neck*, Vt. 136 11201.3850 STEARNS New York. New York 10179 EPSTEIN INTERESTS ACCOUNT EXECUTIVE EICHER/AMARA STATElasT PERIOD fl y 30.2005 TEIEPTIONE THACNOM N.9.61 31.2005 VISIT CUR WESSITE www.tearslearns.cem N 360063 66,003 lid What's In This Statement Illlllllelell...ell•llllellll',I,,l.,llelelllelllllI' TWAYIR MAIOCR Or File UST STATEMLNT 1My 29. 2005 Financial Summary 3 EPSTEIN INTERESTS Your Portfolio Holdings 3 DM 12/26/91 Transaction Detail 4 JEFFERY E EPSTEIN & MARK L Fund Activity 4 EPSTEIN & WILLIAM EMUS TTEES 457 MADISON AVENUE 4TH FIR 0 NEW YORK NY 10022-6843 -n C Your Portfolio at a Glance Market Value of Your Portfolio rn MONEY MARKET FUND BALANCE 667.544 Cain & Eputraket $66657. 57424 S6 NET EQUITY MS PERIOD 5667,544 MO Current WOW vail, IN UHT Dane r• market MEN NET EQUITY LAST STATEMENT 665.772 1.772 r CHANGE SINCE LAST STATEMENT IT* safe% Wades aeries uroces warn. to a re reftas0 In• W Mika & 8•0•11. Nl vo W. 66.6 fine Iss6:4 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. TOOOSE00- 019- ANGS haw mat sty 011enas or rawnosol cichide or 6066 .nfaote N erNetwC Is Clem Vera e1 80343.1421: or vans b Cle6 See.. it 9. Sion 8.6.6.41 al Ms ssmTRT Is De menreme 61,3401096 Os swoon m ad be Turn! ta Winded8w Am boast yrAP meta See teem RS iR ROCetaill Cep. 0.6 Mesokeh Cam N.m. beetW6 I V. 11301.3832 01' 0301/05.13 27 001 VMS EFTA01320188 CLEARED THROUCH ITS VmOLLv OoniD Suess:wry M. Sans Sec...ills 0c. One Monica Croy Math dar t liaohnst EPSTEIN INTERESTS O z m STATEMENT BACKER IS PRINTED ON THIS PAGE ci m z H r ZOOOSE00- 019- ANGS 02/ OSATOS.13 27 03i WAS EFTA01320189 CLEARED THROWN RS vmOur Onset) samovar OFFICE SERITICR4 YOUR ACCOUNT Bs. Sun &gams Coy. Bear. Steams & Co. Inc. BEAR 3B3 Madsen Avenue One Metsuch Lwow Main Ssx0tyn Mem at 201 MSS STEARNS New York. New York 10179 EPSTEIN INTERESTS 3 NS STATEMENT 14201100 July 30. 2005 TNROUOM August 31.2005 ACCOute MAPS Cash Flow Analysis Income Summary TAT:PAWS WM" On Ste nano), MS MOD ILO 10 Mg. LAST STATINS70 1,4 29. 2005 OpeningBalance $0.00 Dmdends 1.772.51 11.769.14 Money Fund 1.772.51 Total $1.772.51 511.769.14 Amount Credited 51.772.51 0 Money Fund 4.772.51 Portfolio Composition z Amount Debited S-1.772.51 CaTJVCash Equvalent 667,544 m Closing Balance $0.00 Total 5667,544 C in Your Portfolio Holdings z J CASH & CASH EQUIVALENTS Your Portfolio 1.0.21E: ESTR/A1t0 CLI0P011 Allocation mann= swans Ourwnlr NICE volt SWIM nowt YIELD IV DREYFUS CASH MANAGEMENT-CL A DICOC 667.544.17 1.0000 667.544 21.361 3.1999 r INSTITUTIONAL SHARES EST. 30 DAY Av6 MD 3.3400% TOTAL CASH & CASH EQUIVALENTS S667.544 521.361 £0005£00- 019- ANGS Cash A Equiislen 1006 Uralcloi =ROM Ora. 4407 14YK4 TYi Vcr Nile rivet Me abate, pircaltn.4 *nod 1,00, M ncia, neml. vabe 0, yea tefeolo 071 CS0101•13 37 001 MS. EFTA01320190 CLEARED THROLCEN ITe VATOU. ORTOD SuSSOWSY OFFICE SERVICING YOUR ACCOUNT Bear. Steams 6 Co. Inc. Sew. Seam Sono; Ca BEAR 383 Madison Avenue Cr* - MIS Ortir ON 20 3859 STEARNS mar k 10179 EPSTEIN INTERESTS 4 at summer mace JOT 30.2005 noteunt August 31.2005 Your Portfolio Holdings (continued) ERODUNT TOWER, EQUITIES TOOTATEA ounce On Fre Var STATEMENT July 29.2005 Equities & Options Independent. third-party research on Celan companies catered by the Firm's research is av rs of Bear Steams at no cost. Customers can access this research at www.bearSteams scorn or can call to request that a copy et MIS research be Sent to them, CC, wart BOOM CURSOR 0004/03,4 0 so/mucus. me Munro mcc TWA AAPLIN RONAL TELD DO BMIPAIS SA-SPONSOREOAOR BPIBY CASH 20.000 Unprced REPSTG 6 SER t SHS Total Equities& Options SO SO -n TOTAL EQUITIES so SO C in YOUR PORTFOLIOHOLDINGSESTIMATEO ANNUAL INCOME YOUR PRICED PORTFOLIO HOLDINGS $21.361 $667.544 Transaction Detail r MONEY FUND ACTIVITY DATE MOW TRANSALIKIN DESCAVIICN SOMOLCUSP WORM MCE DWI ATIOLMT COCO MOUNT 07/30105 OPENINGBALANCE 555.771.66 POOOSE00- 019- ANGS 08/01k6 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICIOI 1.772.51 saTiTuTIONAL SHARES MONTHLY CtiDEND 097 01101.001307 001 VIM I8 INT INT INT EFTA01320191 UWE° TI*00:10. ITS VMCtLY 0,814ED SueSiDar OFFICE sEcnnemo YOUR ACCOUNT a- Suomi SAarlias Cap. Beat. Steams & Co. Inc. BEAR 383 Vcdson Avant.° Ora Werottal Cana NAM of 201.3859 STEARNS EPSTEIN INTERESTS 5 of 5 STAM.P.CT ;IMOD Juts 30.2005 nistouctit August 31, 2005 Transaction Detail (continued) ACCOupa Naiad == Mamma KAMM On Re MONEY FUND ACTIVITY (Continued) LAST STATDADIT My 29.2005 DAR MCAT TPAYSACTION Cagan,* SYSSOUCUSla WPM ant cort *CUNT MO NSA 08/01/O5 REINVEST DREYFUS CASH MANAGEMENT-CL A DIC30( 1.772.51 1,772.61 PLS1RUDONAL SHARES DMDENO RENvEST 0 08/31/05 TOTAL CLOSINGRALANCE 667.544.17 5.1.772.51 51.772.51 C in STOP End of Statement r SOOOSEOCIA19- ANGS 027 000006.1227 001 I8 IJ IJ is) EFTA01320192 aLAPEO 77103(0.11 ITS 19.0.19, 06030 460001ARY OFFICE SERYCING YOUR ACCOUNT eev. SRAM SeCurOes Cop. BB‘R Beer, Steams & Co. Inc. Cre MettOeCh Cuter W0 383 akekson Avenue !«6o9 kw von 11701-3839 STEARNS Now York New Yerk IIIIIIIIII/ '0179 EPSTEIN INTERESTS ACCOLIVI EXECUTNE 1ICHERMAN.IRA situate' niece J.tti 1, 2005 TElEPHONE - taccaR hay 29.2005 VISIT OUR WEBSITE yerAttbearsteams.0)^. A0009107 MAW What's In This Statement ToxPAY379 µAEA On Ile LAST STATE 4W June YO, 2005 Financial Summary 3 EPSTEIN INTERESTS Your Portfolio Holdings 3 DTD 12/26/91 Transaction Dotal 4 JEFFERY E EPSTEIN & MARK I. • TQUNR0UNO0 Fund Activity 4 EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 1CO22-61343 Your Portfolio at a Glance Market Value of Your Portfolio cub & Etiukakat— 5666.772 MONEY MARKET FOND BALANCE 665.772 5664,166 .e IOW/ MS PERIOD $665,772 MI Current market vette MI Last stetertenrs rnlekt1 Yalu NET EQUITY LAST STATEMENT 664.165 CHANGE SINCE LAST STATEMENT 1,607 "Tts parirde roittloa oto or nee worms mat Vol we rot !Sad ae. to visa J Swat me i.e nu Stay ma Perot There are no 'Stop Loss" orders or other pending buy or sell open orders on file for yoar account. 90005£00 IA19 ANUS gN Prom .pat orry Shwa or ror-rorropt el Owns or 6606 'c ase or 0•46•00 YCO. IIS sutmn /11X16Cfnitfleal 0opeen fl y II ling needed tax 0007,161. ID Can Serous 100454.1429. or pm* Is Choi Somas it Be r Bean Horses THr Iatetrat 0040 be moaned90100 recap. See revel* WI W 1/0111a1010,11001 Corp. Coe *tow* Con. corn. 9600 20 4U0 027 07/3006.1009 001 W:55 EFTA01320193 0.EARED THROUGH Me WHOLLY OWL E0 WaSIXOW Ow. San SOXIMS Oft memo Came Noe Rooth.% Nee TO& 11201.3859 EPSTEIN INTERESTS 0 -n STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r LOOOSEOCIND- ANGS 027 07r1005.1002 COI EFTA01320194 CLEARED 11.10uon YOCUM *MAO SUBSCARY OFFICE SERInCeiG YOUR ACCOUNT Bear. Stearns 6 Co. Inc. SAM. Seam Seams copo BEAR 383 Maroon Avenue New York. New York 10179 OAMmoOmn C—Nat 2703021. Mao Var. 11201.31130 STUMNS EPSTEIN INTERESTS 3 as STATDIENT PEfe00 MI 1.2005 merooto371 luij 29.2005 ACCOulo7 Mafia Cash Flow Analysis Income Summary maYER MA1017I On Eie AER130 DroS70:40 AAA 70 Dot LAST STATIOMOM Are 30.2005 OpeningBalance 10.03 Dividends 1.807.05 9.998.83 Money Fund 1.607.05 Total 51.607.05 59,998.83 Amount Credited S1.607.05 0 Woes Fund -1,807.05 Portfolio Composition z Amount Debited 61.607.05 CasnrCash female's 665.772 ii ClosingBalance $0.00 Total $685.772 C rn Your Portfolio Holdings z J CASH & CASH EQUIVALENTS Your Pythias, MUM, CSIYAMED CURRINT Allocation DESCRIPTOPo SYMIOOLOSP 0MOiorro MICE vane AMOS. ACCOA MD MO DREYFUS CASH MANAGEMENT-CL A DIGO( 665.771 66 1.0000 665.772 19.307 2.8999 INSTITUTENAL SHARES r EST. 30 DAY AVG YIELD 3.2000% TOTAL CASH 8. CASH EQUIVALENTS $665.772 S19,307 80005£00-019-ANGS Cash 1 Equroollenl- 100% Weali4 ;aria* a ale 0.I tame mOtt smon now moms. Tr. skate, mcoomagnememm from Me abitlat rr,ret mom Clme molok 027 07130.06:1000 001 EFTA01320195 CLORE° THIOLPH ris %%Ow' OV•140 SuSSOwar OFFICE SERI/ICING YOUR ACCOUNT Bert. Stearns & Co. Inc. bar. Sirs S4mrites 44.4 BEAR 383 &Mason Avenue ek 10179 Ore uscrottai Cow tin asir 112014.59 STMNS EPSTEIN ItiTERESTS 4 oP s STATEMENT mace JuR 1.2005 THaston JuR 26 2005 Your Portfolio Holdings (continued) ACCOUVI 'OMR a EQUITIES TAxPAY0R Watt On RIO Equities & Options LAST STATMENT lUrie 30.2005 Independent. third-party research on certain companies covered by the Firm's research Is a ers of Bear Steams at no cost. Customers can access this research at www.bearsteams.com a can can to request that a copy of this research be sent to them. AST uARKET ISMAATIO CURRDa DESOIIPTCH SYMOOLCUSP nut CLAIM, Pala MU( WIWI SCOW 0 BANPAIS SA•SPOPISOREDADR AFFSTG 6 SOIL SHS BPIBY CASH 20.000 0r:cited IMO 00 Total Equitces/S Options SO SO TOTAL EQUITIES m SO SO C in YOUR PORTFOLIO HOLDINGSEST 'MATED ANNUAL INCOME YOUHOHICEDPORTFOLIOHOLDINGS 119.307 5665.772 Transaction Detail r MONEY FUND ACTIVITY OAR 1.40/0AT TRUGACI1ON OESCRIPTINI SVISIOLFZUS, WPM FRMA MW MOW! MOO laCtwir 07/01/05 OPENINGSALANCE 04.164.61 60005£00- 019- ANGS 07/01105 ONMEND DREYFUS CASH PAINAGEMENT4t A OICOC 1,607,05 iNsmnteat SHARES MOMS DNUEND 02? 07rA06.1009 COI VMS ril 8 b.) IJ IJ EFTA01320196 °Logo asiKuNt ITS TOMMY MANIC SLIMPISARY CENCE SERVICING YOUR ACCOUNT Eme Sotn Secedes Cosa Bear, Steams & Co. Inc, BEAR 383 Maroon Avenue New York. New /n•' 0179 Of tathitsch CAME Web fro*" Ear MN II20141Se STEARNS EPSTEIN INTERESTS 5 AI STATEMENT AIRCO )4 1.2005 TAMOulat lob 29. 2005 Transaction Detail (continued) ACCOUNT MAW TAXPAYER yam On Fie MONEY FUND ACTIVITY (ccotinued) LAST STATDADIT Ara 30.2005 cast NOWT Hums a/ CESCreancit SMICIANITIP Oummw OM MOMS Ca AMOUNT 07,01/05 REINVEST DREYFUS CASH MANAGEMENT-a A MOM 1.607.05 13507.05 MSTrILITZWu. SHARES 0u RENO REINVEST 0729/05 CLOSINGBALANCE 665.771.66 TOTAL 5-1.607.05 51 .607.05 -n C in End of Statement r OTOOSEOCIND- ANGS 027 OTICEIL • CS9 COI sass EFTA01320197 CleARS0 THROUGH re WHOLLY DATED SLAItutage OFFCE SERVICING YOUR ACCOUNT Ow. Slitre StOJIII*1 C . Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue One Milf0t00, COW WPM emeas NMI at 11201.3359 STEARNS aildi rk 10179 010 222.1000 EPSTEIN INTERESTS ACCOUNT EXECUTIVE ZICHERMAN.IRA STAlt001T PSROD Jule 1.2005 TIMONE Tieleval Jure 30.2005 VISIT OUR WEBSITE wmtbearsteams.ccen ACCOUNT MMER What's In This Statement TAXPAYER Mae% On Fla LAST ST/SO/ENT May 31.2036 Financial Summary 3 EPSTEIN INTERESTS Your Portfolio Holdings 3 DTD 12126(91 Transaction Detail 4 JEFFERY E EPSTEIN & MARK L 0 Fund Activity Your Messages 4 5 EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR 0 NEW YORK NY 10022.6843 Z T E I C Your Portfolio at a Glance Market Value of Your Portfolio Confirmation: Unless at hoar in MONEY MARKET FUNO BALANCE 664.165 C a" t@"1" 1/11111MIIIMINIM 5664 165 1662.207 from you to the twang. it is our understarding that any free credit balances in yew Dutton: are being maintained NET EOLETT TIDE PERIOD $664.165 MO Current marts wee to 'acetate your intention CO MS Last statement's market due invest such amounts 'trough NET EQUITY MST STATEMENT 662.207 16. MANGE SINCE USE STATEMENT r 1$68 The paw men ono a nee %Mem, roads tat are nil Meese nfle as nes 0 Sawa. ee tame!** Die Peal There are no 'Stop Loss orders or other pending buy or sell open orders on Me for you account. ITOOSEOCIA19- ANGS Pam meal sery Start. a reweate. 0 awe, Ce ebae. Nava se gehlite0 Tres unease N m Ofeerakeel Neven ay. I N ma area n o the amen. Ix Pam SeMeet s 11,04.Wiabk et an 13 Oen Sr a Mat Swnt Tea SIVAnel steed W Mama elf par react% See niveree ea tar Iteetut alairsbal Qs MttS Cr sbe oder. ?04.3.S. C27 07101.05:6 0O *33P rn I S IJ IJ IJ EFTA01320198 REARED 1141OUGH ITS MOLLY OWee SUMMARY kW Son SCOAWS OV Uttreteth Ce1W Pan trod*. %re. Yu* 112014.59 EPST E IN I '0 ERESTS 2 e 0 z ii STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r ZIOOSEOCIA19- ANGS 027 0701106:1012 031 11003P EFTA01320199 =ARCO TH4W3m rta w.aLY OntED SuBStOcury (NICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. My. Stone Start*. Cal. BEAR 383 Madison Avenue One Mtincacn Cats mom Yon 11201.3859 STEARNS York 10179 EPSTEIN INTERESTS 3 N5 STATTYPer PEtCO Are 1.2005 THROUCl/ An 30.2035 Cash Flow Analysis Income Summary AZCOUNT *MGR YW*1A wasergt Oa Fie 15.4 ntIOD na$ Mao YEAR 100.1!t uun STATOaNY May 31.2005 °DemingBalance 50.00 Diadem:Is 1.957.55 8.389.58 Malay Fund 1,957.55 Total $1.957.55 58.389.58 Amour* Credited 31.957.55 0 Maley Fund -1.957.55 Portfolio Composition z Amount Debited 5-1.957.56 Cash/Cash Equivalent 664.166 -n ClosingBalance $0.00 Total $664,165 C in Your Portfolio Holdings z J CASH 8. CASH EQUIVALENTS Your Portfolio WATT ESTIVATE& OJtel Allocation COOMPTC&I SYPAIOUCUSIP MAMMY Matt VMLE ANIOJAL NOW( YRD esq DREYFUS CASH MANAGEMENT-CL A Dk:Of 664,164.61 1.0000 664.165 19261 2.9000 r INSTMITIDNAL SiUiRES EST. 30 DAY AVG YIELD 3.0400% TOTAL CASH & CASH EQUIVALENTS 5664.165 519,261 ETOOSEOCIA19- ANGS Cash & EQUYek0I- 1op% tathbled miens dot, 6.0, bane* 'nib "01 'W. Nas. TM ini.NaN pito-rap* agalrea ton ipv *Sails naan ,Tv CI )0, WV* 027 07/01103.10.42 001 v9930. EFTA01320200 0.EARED TiCi0uGH Ra voOu.v ovateo taillea0tAlre OFFICE SERVICAVG YOUR ACCOUNT But Sun SODSIMS Beat. Steams & Co. Inc. BEAR 383 Matteson Avenue New York. New T0* 10179 tre likettah C01.11 loam avows. P." not 11201.3859 STEARNS EPSTEIN INTERESTS 4 as STATEMENT 011/000 tuna 1.2006 INZOUGH illt/0 50. 2005 Your Portfolio Holdings (continued) 4ccouNT MISER BIUMES 1/JCPAYER Houten On Fie LAST sTATThreiT /My 31.2005 Equities & Options Independent. third-party research on certain companies covered by the Finns research is two of Bear Stearns at no cost. Customers can access this research at www.bearsteams.com or can cal to request that a copy of this research be sent to them. ACCT IOARIFT tsratuto CuRRINT snakattusm rmt tummy 0 DISCIIPTI0‘ PRIM v?...uE AMUµ WW1 ?Xl0 CIL) GAMINS SA-SPONSCREDADR BPIBY CASH 20.000 Unpiced REPSTG 6 SErt L SmS Total Equities& Opticas SO SO -n TOTAL EQUITIES SO SO C in YOUR PORTFOLIO HOLDINGSESTIMATED ANNUAL INCOME YOUR PRICEDPORTFOLIOHOLDINGS 519.261 S664.165 Transaction Detail r MONEY FUND ACTIVITY DATE IA.YDAY naystcnon DESCRPT3II SWB0UCUSP WRAP P031 NW MOW CE2C0 MOUNT 06/01F05 OPENINGBALANCE 662.20746 VTOOSEOCIN9- ANGS 06101105 DIVIDEND DREYFUS CASH MANAGDAENT-CL A DICU 1.957.55 AmmunONAL Sans MONTHLY DNIOEND 02? 0TA11.03.10, 42 001 Valav rE1 8 IJ IJ IJ $••• EFTA01320201 CALM= TAROUGA ITS YAICALY VANED SAISOVAY OFFICE SERVICING YOUR ACCOUNT Beat Steams & Co. Inc. ke Steens Drina Oa BEAR 383 Madison Avenue 0re Verged+ Ca TOM esids ich 112014860 STMINS efk 10179 EPSTEIN INTERESTS 5 cc s STATIPAIPX Vicuna June 1.2005 mactnrd June 30. 200S Transaction Detail (continued) ACOCCINT WIRIER IMM TAXPAYER Atmlet On RIO MONEY FUND ACTIVITY (centinued) WT STATERDIT May 31.2005 DATE LOWY 110.04041XIN DES011111X1 SONOUCUSIP wenn Pc aim AMOUNT CREPT MOUNT 06.01105 REINVEST DRETRZ CASH MANAGEMENT-CL A CCM 1,957.55 1.957.55 C) ceSMUTioNAL SHARES DIVO3D1D REINVEST O 06/30/05 TOTAL CLOSINGBAtANCE 664,164.61 5-1S57.55 51.957.55 E I m Your messages z J Bear Steams receives payments or other remuneration from the advisers, distritiutom or other of Bates of certain of the mutual funds available through Bear Steams. Such payments or remuneration are for administrative. techrkelogical or other services provided in connection with fund accounts and are gene/It calculated based on the amount of assets held in the accounts. r Such payments or other remuneration are in addition to shareholder servicing and distribution fees that Bear Steams may receive. Funds whose affiliates do not make payments to Bear Stearns. Including funds that may pay a higher or lower return. may be available to you. ';STOPI FAS of Statement STOOSEOCIN9- ANGS °xi 070106:1042 001 110311 I8 IJ tJ IJ EFTA01320202 GLEAM 114417001 ITS Ware ovONCO aa$tay OFECE SERVICE% YOUR ACCOUNT w. Sleep SCOOP%) Co". Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue New Perk. New Yoh 10179 OY weentoch Calk. We WSW" Nee Tait 11701.1419 STEARNS EPSTEIN INTERESTS ACCOUNT EXECUTNE ZICHERMIKIRA STATEMPC KROO Apil 30.2005 TELEPHONE yknouan May 31. 2006 VISIT OUR VICOMTE mew.bearsteams.c0m ACCOUNT MAW What's In This Statement IIIIIIIIIIII lllll I1IIIIII.IIIIIII1111I,IIIIIIIIIIIIIIIIIIIII 709AYER PMA Oa Fle LAST sTAnnern Apl 21. 2005 Financial Summary 3 EPSTEIN INTERESTS Your Portfolio Holdings 3 DTD 12/26/91 Transaction Detail 4 JEFFERY E EPSTEIN & MARK L Fund Activity 5 EPSTEIN & WILLIAM ELKUS IMES 457 MADISON AVENUE 4711 FLR 0 NEW YORK NY 10022-6843 -n C Your Portfolio at a Glance Market Value of Your Portfolio rn MEATY MAKES FUND BALANCE 662.207 Cala & t&unka $810.425 NET EOIATT TES PEAMO 5662.207 Current market olua INI IASI statermes market value NET EGON LAST STATEMENT 810.425 CHANGE SINCE LAST STATEMENT .14a218 r las Neale roes on to nn "Ana weans pa ian Tot Ratan, nes NO anai tl Setursol awl no NV Scutt Ine Pete There are no 'Stop Loss orders or other pending buy or sell open orders on nle for your account. 9TOOSEOCIND- ANGS Neese moo any aNnenat o, instewet st chscle a Veda. Mc r4 a Athena N To, ant Sena* TA 03,4,144438: or ewe te Cart know at Sc .Swa-a Stern. 114 ;unwary 4 he IrfaITION01947.00aS OW a b c IterAACH a Mt tone TNT lemma 'Mdl 04 renned 411 year/ rape;. reornesidebr nsalalinNtwillat Ca'. Ore Veresch Cent Nein. been" 30.3164 027 C6101.03.09-03 001 van I S b.) V.2 IJ 000 00 EFTA01320203 fewwww0 114etNew as weeCtLY Nate) Sul130w/Cf ow Stares Secerilae Cpl. Om Wrote, Crew Ion baler. New eat 11201.16.43 CIO'S EPSTEIN INTERESTS 0 z m STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r LTOOSE00- 019- ANCIS 027 CltuDI.t, )9 03 CC 11178 8 b.) IJ IJ S EFTA01320204 REARED 1)41000V et eft.u.,, Civet, Si leaD.ARY OrTICE SERvICRoG YOUR ACCOUNT Btu Sans Seedroes Ce.e. Bear. Stearns & Co. Inc. BEAR 383 Maclean Avenue New NO* Nes ',Cf. 10179 licaolent Cere. Abe Soden. Mrs Yet '1201-34159 STEARNS EPSTEIN INTERESTS 34s rotmerr. scrum Apra 30.2005 THROUGH Nay 31. 2006 ACCOUNT Hann Cash Flow Analysis Income Summary t/SPAYLR Mini= On Fr me atal00 NIS PERKO rust TOME LOT Sulturse Agri 29, 2005 OpeningBa lance $0.00 DeidereS 1.781.58 6.432.03 Money Fund 151.781.58 Total 51.781.58 56 432 03 Amount Credited 5151.781.58 0 Money Fund -1.781.58 Portfolio Composition z Funds Yilthdrawn .150.000.00 CasNCesti EquhSem 662.207 -n Amount DetNted 3.151.781.58 Total $662.207 Closing Balance $0.00 C in z Your Portfolio Holdings Your Portfolio CASH & CASH EQUIVALENTS Allocation W ES1WAD DESCRIPTOR! SYWIJWCUSP OUINRITY PRICE UM VALLI RAWL HOWE TI YEW Ii r DREYFUS CASH MANAGEhtr.- C. A MSTIMTONAt. SHARES EST. 30 DAY AvG VIEU) 2,s• . DICOt 557 257 CA 1.0700 662.207 17,217 2.5999 TOTAL CASH & CASH . 1662.207 $17,217 8TOOSEOCIN9- ANGS Cash 4 Eevya 100% Unineel wets dew ow Uwe* $'db eal Nein vow. Me SAW, >mann* seemed ion M adebte rune, .1.n/war porrole Oil 0401054.03 001 tsla EFTA01320205 CLEMCD TenOvate ITS OANSIO SOWOW./ VICE SERYCNG YOUR ACCOUNT Ott. Storrs Unrest CO, Bear. Steams & Co. Inc. BEAR 383 Mackson Avenue 10179 One 1AeroanIA Gear Nom agilely morass STEARNS EPSTEIN INTERESTS 4 of STATEMEete PER:00 AM 30.2005 ynnouorr may 31.2006 Your Portfolio Holdings (continued) ACCOueeT raNw EQUITIES UMIAK. Wax on Fie tar STATOMNI Apnl 29.2005 Equities & Options Independent. third-pasty research on cense) oxnpanies covered by the Firm's research is avers of Bear Steams at no cost. Customers can access this research at www.bearsteams.com or can cal to request that a copy of this research be sent to them. 0 DESCIOPTION SYUIOLICUSIO ACC1 nit COMM( PRIG[ MARKET VALUE ESTAILTIO AAPia WOW CURRINe tab IV 0 BANPAIS SA-SPONSOREDADR REPSTG 6 SCR L SKS BPIBY CASH 20.000 myself Total Equities& Options SO SO TOTAL EQUITIES SO SO m C in YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME YOUR PRICEDPORTFOLIOHOLDINGS $17.217 5662.207 Transaction Detail r DEPOSITS AND WITHDRAWALS o.ut ITSICSACtIC•1 DCSCIMON OEM MOUNT CREDIT NAMPO 05131105 FND WIRED MDA4INIMMFNDSWIRED TO 150,000.00 iamoorsEEFias 6TOOSEOCIN9- ANGS TOTAL SA50.000.00 027 COD1t6:0903 COI Ve711 rn I S IJ IJ Is) EFTA01320206 MEMO natourog VMOLLY OrmiD IMISOKRY arra SERVICING YOUR ACCOUNT Mar SWOT* COWRIES CO, Bear. Steams & Co. Inc. BEAR 383 Madison Arenue CO Marcia& Coeur Meth ewer. Mar York 11201.3M9 STEARNS New York. New York 10179 EPSTEIN INTERESTS 5 s STATEMENT Kr243 Acri 30 2005 Tratoual May St. 2005 Transaction Detail (continued) ACCOUNT NUM3ER TMCOMIR women On Bk MONEY FUND ACTIVITY ,AMT Wraillaper Imli 29. Hos DA TIUMSACION DCSCMIMON SHAKOMs, a7N1T11Y PRCE Don MOAT Ca= MOW 04/3005 OPENINGIIMANCE 810,425.48 05/07/05 DIVIDEND DREYFUS CASH MANAGEMENT-0. A DICE 1,781.58 easmtmormi. SNARES MONTHLY DIVIDEND z 05/02/05 REINVEST DREYFUS CASH MANAGEMENT-CL A DICOC 1.781.58 1,781.58 -n 05/3105 SOW RISMUTEDIAL SHARES DIVOENO REINVEST DREYFUS CASH MANAGEMENT-CL A DION 450,000 1.0000 150,000.00 RISmun7NAL SHARES C in 05131/05 CLOSINGBALANCE 662 207.06 z J TOTAL 5-1.781.58 5151 781.58 r End C4 Stetentent OZOOSEOCIA/9-ANGS 027 CMS1/06011:0 am I8 IJ V.2 IJ IJ EFTA01320207 CLAMS%) 11414,u0PI as 'acu,v OWNED SUSS-MOW OFFICE SERVICING YOUR ACCOUNT tear San Sombea Oar Bear. Steams & Co. Inc. BEAR 383 Modisol Aroma OY WAYOleCh torn Myra l inen 11201.1859 STERNS Nev, Yryk INED vork 10179 EPSTEIN INTERESTS ACCOUNT EXECUTIVE ZICHERMAN.IRA 113171nothaa PERIOD Apt 1. 2005 TELEPHONE iltROUGH talY3 29, 2305 &INT OUR WNW( Twerctearstearm.com AtOprit Suttee, What's In This Statement 111111111111111.1111.1.11111,111111111111111111111.1.1111 TPX, AYtit hilAnirR 01 Fl9 LAST STATErtn• PASTA 31. 2005 Financial Summary 3 EPSTEIN INTERESTS Your Patolio Hcidings 3 DTD 12/26/91 Transaction Dalai 4 JEFFERY E EPSTEIN & MARK L Fund Activity 4 EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4111 FLR 0 NEW YORK NY 10022-6843 Z T Your Portfolio at a Glance Market Value of Your Portfolio m MONEY MARKET FUND BALANCE 810,425 Can S Ecuatem 5810.425 SEI08.681 KT EQUITY THIS PERIOD $810.425 Curran market value El Last statements market val. NET FONT LAST STATEMENT 808.681 CHANGE SINCE LAST STATEMENT 1.744 r — rebels Groner ~re ntechhd r Int as urn. NI nr ra are Cl Swann ana Ira art tam Th. Nola There are no 'Stop loss' orders or other pending buy or sell open orders on file for your account. TZOOSEOCIN9- ANGS %4 lox stye of area aarra, very< ha entre ha yr Tr wary le hot Men* wpm, on1. t n ftx Waited al • 1sa Cramer ha Cahn Serve et ir a.. la Cur Serra at Err Warr Secures mtagent incht0 be fl it., trX you meth Se. rano Net , •- panal elOrrhintri On. hoar. Cern Nona boxy\ VY vita -NW CO? 04/30.05.1114 001 Vel to I8 IJ IJ -4 EFTA01320208 ri cunt, MROLCH a3 waCt2v Cm3.0.0 sUILSIVANY Oar. Stuns Secuitas Cap. Cr* Wintect. Cam Path awe" Paw art 11201-3359 EPSTEIN INTERESTS 2 0 STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r ZZOOSEOCIN9- ANGS 021 pg00/:111s CT V/07 EFTA01320209 CLUittO 11.1tOtAn rT$ ronnu.r MOOD lioSSOVRY OFFEE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. Inn tiers Secultes COS. BUM 383 Madison Avenue ialijork Cos Evian Con lannn assar 1l201.3µ9 STURNS l 10179 EPSTEIN INTERESTS 3 e. moose ita03 koril t 2[05 twtouan Apra 29.2006 Cash Flow Analysis Income Summary ACO,./a NVI/SER TAxPAYER rata On nit 61070 THIS PERIO0 VOA 10 DAR LAST STATEUEST mace 31.2005 OpeningEla lance 80.00 DividendS 1344.18 4.660.45 Money Fund 1.744.18 Total S1344.18 84.850.45 Amount Credited $1,744.18 Money krid -1,714.18 Portfolio Composition z Amount Debited S-1.744.18 Catalan Whitt 810.425 -n ClosingEtatence 80.00 Total $810.425 C in Your Portfolio Holdings z J CASH & CASH EQUIVALENTS Your Portfolio WOO ESTISMOD WOW Allocation DISCRIMA SOISCL tsv 0.LUAry POCC MIN AMA L warn nap nO DREYFUS CASH MANAGEMENTCL A MX% 810.425.48 1.0000 810.425 20.261 2.5030 INSTITUTIONAL SHARES r EST 30 DAY AVG YIELD 2.6900% TOTAL CASH & CASH EQUIVALENTS $810,425 520.261 EZOOSEOCIA19- ANGS Cash L Equrialp 100% litre Oibeatr tobt Utanu• ine,a edit* nn.• n.abutun ;nun. • dr.. , lw• Ne aptaiolAs mina! An *you Do1bC all 0400106:1124 CO1 I8 b.) b.) IJ EFTA01320210 ctuato novae.' ITS vacua, GAMED AMON!V ONCE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. Bey. Stars Sachem Corp. BEAR 383 Madison Accrue Ore Meow" Comer tin aeser, Nat Tot 11201.3153 STEARNS New Yak. Nem 10179 EPSTEIN INTERESTS 4 as STATImag7 1:10iO3 An 1.2005 04A0.104 A01 29.2005 Your Portfolio Holdings (continued) Accotter Nowflft EQUITIES YMPANIR 'until On Fit UST STATtUtNT Parch 31.2005 Equities & Options Independent. third-party research on certain companies covered by the Finn's research is avai r rs of Bear Stearns at no cost. Customers can access this research at wwn.bearsteams.corn or can call to request that a copy of thiS research be sent to them. lAUMET EST7.0110 CURRO0 0 INSCRPIXIN Sla:VOISIP ran OUAV1M PRICE vklil wean. want( MD ne BANDA'S SA-SPONSOREDADR BABY CASH 20.000 Unniceel REP= 6 SER ISHS Total Equities& Options 50 SO -n TOTAL EQUITIES 50 SO C in YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME YOUR PRICEDPORTFOLIOHOWINGS 520.261 $810,425 Transaction Detail r MONEY FUND ACTIVITY as WOO TRAMIALTted allitintot SYMICl/CUSP amino sect OMIT /NOM OW MAWR 04/01105 OPENINGBALANCE 808.681.30 VZOOSEOCIA19- ANGS 04/01/05 DN1DEND DREYFUS CASH MANAGEMENT CL A 01W 1,744.15 INSTITuTONAt SHARES MONTHLY ONDEND 027 01/300111.24 031 VOY7 EFTA01320211 CLEARED TIMPOLCH ITS WHOLLY MAID SLILVRORY (VOCE SERvCIM YOUR ACCOUNT Bean Steams & Co. Inc. Sew Saws SHARE= Cap. BEAR 383 macison Avenue One %WM° One Nag 11201.2149 STEARNS 10179 EPSTEIN INTERESTS 5 of 5 rammed mow Am 1.2005 HARCOCIA AO 29.2005 Transaction Detail (continued) ACCOUR7 MAIM a TAXPAYER Wag On Ma MONEY FUND ACTIVITY (continued) uric ;chimer March 31. 2005 DATE 1030AY TWAIACTION OESCRPHOR roanouoAr MUM! MCI OEa, AsCuir CROST asOUrci 04/01705 REINVEST DREYTUS CASH IAANAGEMENT-CL A DICOC 1,744.18 1,744.18 MSDIUTIONAL SNARES DNMEND REINVEST 04/29105 CLOSINGBALANCE 810.425.48 TOTAL 5.1.744.18 51.744.18 -n C in STOPS End of Statement r SZOOSEOCIA19- ANGS 027 04,3005 24 Xi, y$7, I8 b.) V.) IJ EFTA01320212 6O al0 1141101.04 rrs WI•CtLY PAW) $1061)0I0 OMCE SERVICING YOUR ACCOUNT new Scent Swine/ 070 Bear. Steams & Co. Inc. BEAR 383 Madison Avenue Now York. Now York 10179 Ole Minoan Genet Pa, 1120101159 STEARNS EPSTEIN INTERESTS ACCOUNT ExECUTNE ZICHERMAN.IRA srAnmor 033000 MVO 1.2005 TELEPHONE ■ 1)*:00314 Wirth 31. 2005 VISIT OUR MERSIN www.tearstearns.corn ACCOORT 1.1.1WER What's In This Statement ...IIIIiiill..... TnxPArEn want On F1.3 LAST smeyeer retnari ae. 2005 Financial Summary 3 EPSTEIN INTERESTS Tour Portfolio Holdings 3 DID 12/26/91 Transaction Detail 4 JEFFERY E EPSTEIN & MARK L • Fund Activity EPSTEIN & WILLIAM ELKUS TTEES Your Messages 6 457 MADISON AVENUE 4TH FIR 0 NEW YORK NY 10022.6843 -n C Your Portfolio at a Glance Market Value of Your Portfolio in MONEY MONET NOW BALANCE 808.681 Casn & ERAS% SW6.681 3832.238 NV Kan NC KAROO $808.681 Wlara inadtel value IN UM Newnan's Menet yaks NET EQUITY LAST STATEMENT 832.238 CRAWL SERGE LAST STATEMENT -23.557 r 111•• weals weban emery!, anal.< matt efeaso • no Taw Vow Soculles a• /*WEN" /V Pro) There are no 'Stop Loss' orders or other pendisg buy sea open orders on file for your account. 9Z00SE00- O19- ANGS n • no worotoll11111110ClunrC ruse rya', ry Ohmv rs wove, a ov.:33 v as.c13. releafed a•Ivowe e irtea IC Girt Isme...t4 n 111:0436, 423 ix mute n OW &MY% ag neat Swans Sournes Co',.. Or Mon.1.0. OrW sent One*" 2014650 Si Ns tns as O. oinonnbat (IPMn Tis ratenteR wait be noun IV to. mot See Moen* skis so. inpaun 027 Omni 0500 49 0)1 1576 EFTA01320213 CALAR80 imat:“.4 'mare M.4-0 SUBS0LARy Bear. Yearns Stoats Co.. Crx Mfirteta, Cow Not aja M 11201.3859 EPSTEIN INTERESTS 2 d6 z -n STATEMENT BACKER IS PRINTED ON THIS PAGE C in z r LZOOSEOCIND- ANGS 027 08.01/06,38.49 001 14316 8 IJ IJ IJ EFTA01320214 awl) THROW., ITS 'Mal CAVACO St.OSCARY OFFICE SERVICNG YOUR ACCOUM kw. Stein SIMON. Co. Bear. Steams a Co. Inc. BEAR 383 Madison Avenue Cr. I1 4( Gene( rani . Nava IV% /1201.2359 STEARNS Y k Nay/York 10179 EPSTEIN MITERESTS 3 at STATVSC PFROO March 1. 20D6 THROUGH wren 31. 2005 ACCOUNT Nal Cash Flow Analysis Income Summary TWAYGR µNOM On Fre Nd PtRIO0 THIS PERM MP 10 WI LAST STAT.:MDR FWis 2& 2005 Dividerds 1,443.37 2.936.27 OpeningBa lance 30.00 Money Fend 26.44137 Total $1,443.37 92,906.27 Amount Credited 326.443.37 Money Fund -1,443.37 Portfolio Composition Furxls Wiltxtean .26000.00 z Cash/Cash Ecasvalent 808.681 -n Amount Debited ClosingBalance S-26.443.37 10.00 Total 3808,681 C in z Your Portfolio Holdings Your Portfolio CASH & CASH EQUIVALENTS Allocation 1.03141 CSI1WAIID CURREM DIISCRIMIN S.1.11101.1:USIP COMM PRO YAWL MOON. PeXei VELD 0.> r DREYFUS CASH MANAGEMENT-CL A INSITrull3NAL SmRES EST. 30 DAY AVG YEW 2,6700% DICfl 608.681.30 1.0000 808.681 16,982 2.1000 TOTAL CASH & CASH EQUIVALENTS 5808.681 $16.982 SZOOSEOCIN9- ANGS Cash a Taxman.- 103% Utahlded mien ANNA at* taina trcitv sysi HAIM via area Hrownio• <Ansa fro* A* *Wats KIM vain c vow PilltS0 021 0417105.0349 005 rn 8 IJ ,..) IJ IJ O EFTA01320215 CLEARED 111.24-C11 ITS —& OATES HASIVARY corms surviCANG YOUR ACCOUNT Ur. Suers SAMPIAT Coy Bear, Steams & Co. Ix. BEAR 303 Madison Avenue 10,79 Cne MaRiscrt Cpreer RTE Ot Nat Vire 11201.3100 STEARNS EPSTEIN INTERESTS 6 STATELTETIT Pram> MIMI, 1.200S 111110v0H march 31.2005 Your Portfolio Holdings (continued) ACCOuNT KAISER tests EQUMES TAXPAYER MAHER On File LAST rAmayer cetsuary 28.2COS Equities & Options Independent. third-party research on certain companies covered by the Film's research is available to customers of Bear Stearns at no cost. Customers can access this research at www.bearsteams.com or can cal (800) 517-2327 to request that a copy of this research be sent to them. ACCI ES taT" RETCRPT SOASCUCUSIP WARM PREC .""vAILE " AM 0 TZE" IX; BAWAIS SA-SPONSOREDADR MEN CASH 20.000 Unpacea REPSTG 6 SER L SHS Z T Total Equities& Opticos 50 50 TOTAL EQUITIES SO so L I 5 m YOUR POR1FOLIOHOLDINGSESTIMATED ANNUAL INCOME YOUR PRICED PORTFOLIOHOLDINGS $16.982 $808.681 Transaction Detail r DEPOSITS AND WITHDRAWALS OATS TOPPRUCIICII CLICSEMOS OM AMCOR =if MOUNT 0328105 END WIRED MDAAMWSENDS WIRED TO 25,000.00 6ZOOSEOCIN9- ANGS TOTAL 5-25.000.03 on 001/110001349 031 TOM EFTA01320216 REARED THROues ni WOLIN &RC MAPRICAARY OFTICE SERVICING YOUR ACCOUNT Seat Slams Swabs Cap. Beat. Steams & Co. Inc. BEAR 383 Madison Avenue Nevi Yo t, Nen • 10179 DY itercesch GAN WI, lAlviterk 11201.3859 STEARNS EPSTEIN INTERESTS 5 of STATVAIRC PO OD March 1.2035 nacuom March 31.2005 Transaction Detail (continued) ACCOLPCT MAW TAXPAYER RAWER On Fl. MONEY FUND ACTIVITY LAST Burner February 28.2005 OUE war muoSACI1ON COCCOMH SYNSOUCUSP RUMMY PIECE Mart m•Ouro CREPT AMMO 03/01105 OPENINOISALANCE 832,237.93 03/0105 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DIME( 1,443.37 MSTMMONAL SNARES MONTHLY OtIVENO 03.01/05 REINVEST DREYFUS CASH MANAGEMENT-CL A 1,443.37 1,443.37 -n 03/28105 SOLD MSTITEMONN. SNARES DIVIDEND REPNEST DREYFUS CASH MANAGEMENT-CL A MAX -25,000 1.0000 25.000.00 C MSEFIVTIONAL SHARES in 03/31/05 TOTAL CLOSINGBALANCE 808,881.30 $-1,443.37 526.443.37 r 0£005£00- O19-ANGS 031 04/01.0392•49 ER1 YAM rn I S IJ V.) IJ 11,./ IJ EFTA01320217 O1.67.111O THROW+. r12 ITATTUT OvRIE0 SUSSOVAT WIC( SERVICING YOUR ACCOUNF Bear. Steams & Co. Inc. Its Skims Saba Co, BEAR 383 Madison Avenue ak 10179 Oft 11477077.h C.t( Ate Its York 11201.1059 STEARNS EPSTEIN INTERESTS STAIThVIT PERM MVO 1.2005 THROUGH Moth 31, 2006 ACCOsa MIM4R TOOMNIM IOW CM Re Your messages LAST STATES/OTT TION•7 28.2005 tVr Bear, Stearns Securities Corp. Net Capital and Net Capital Requirements: At November 30. 2004 and January 31. 2005. the Companys net capital of approximately S3.8 billion and S3.8 billion was approximately 6.4% and 6.3% of aggregate debit items and exceeded the minimum regulatory net capital requierrtent of approximately S1.2 billion and $1.2 billion by approximately 52.6 billion and 42.6 billion, all respectively. m A complete copy of the Bear. Steams Securities Corp. Statement of Financial Condition is available on the web site vmur.bearsteams.com. Alterratively, to request a free printed copy please call - toll free 1-866-299.9331. ci m /Th STOP End or Statemen H r TEOOSEOCINDANGS 027 000U0S 00 if COI EFTA01320218 MIAs= THROWN RS WorMAY 0010) SASSINARY OFFICE SERVICING YOUR ACCOUNT Bear. Stearn!, 8 Co. Inc. Bear. Stays Sens cot. BUR 383 Madison Avenue New York, New Yolk 10179 Ore MNTaN CANON IlterA 1120141S9 STEARNS EPSTEIN INTERESTS ACO:UNT MONK BGHEPJAAN.IRA STATEMENT PEP= Fel:nary 1.2005 TELEPHONE reerocon Forwurry 28.2005 VISIT OUR WEBSITE wentbearsteams.can AM'.NT %AWN What's In This Statement rrrlIllIluIllllmdllrr1111I1rJrilelbldrllllllllldnlnllI TAXPAYITt Mali On rat. tar STATZWC NT Jaguar, 31.2005 Financial Summary 3 EPSTEIN INTERESTS Your PadOho Holdings 3 OTD 12/26/91 Transaction Detail 4 JEFFERY E EPSTEIN & MARK L • Fund Activity 4 EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR 0 NEW YORK NY 10022-6843 m Your Portfolio at a Glance Market Value of Your Portfolio m MONEY MARKET From BALANCE 832,238 Cash 4 EquiWent $132 238 3810.775 NIT Soave THM poem 5832.238 DAMN market value MS Liat 3tblenlertS market vales NET EQUITY LAST STATEMENT 830.775 CHANGE SINCE LAST STATEMENT 1.463 r per.tia lab/ an or nen Leal alga* own M. aolod n OA *la /4* a 1IYIM M IV NV Up./ TN* Pber4 There are no *Stop Loss orders a other pending buy a sell open orders on Ale for your account. ZEOOSE00- 019- ANGS Mee "pal • y arnvo r xeror 0 two, or IS receded N otta 1.0u 11b snowy le lie etriASIAINPommel COy. ?tat aa Alain PODOWt Clort Spoke. a t004.46142S. or wee o> Cleft Nevus 0 50. Nan Norte Can. Orb rowed, erne Nan. an" X .34 rag1lb sueereen ,It be weiweret you recta% Soo mom at Sir rrcontre istcerabort 027 010105.1i 09 001 vs72 rn I S IJ IJ IJ IJ EFTA01320219 CWflO 9410i):11, rTS 910,AY Cµ10 9:93iDwir Dear. Sien Sivu Cap One 1.1enlerai Cow PI01 T ae 1120/4959 EPSTEIN INTERESTS 2 a, : zz -n STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r E£00SEOCIND- ANGS 03/ 01010911 09 001 V72 8 IJ IJ Is) IJ EFTA01320220 =ARID rwROuGH 05 wictIv 08140 803808per OFFICE SERVICING YOUR ACCOUNT Dn. 31nrns Scanter1 Cob Roar. Steams & Co. Inc. BEAR 383 Madison Averce New Yak. Net: 0? Wrote° Ceres Pot, Wcoop• New en STEARNS 10119 EPSTEIN INTERESTS 3 co 5 STATTIOWT PC1000 rebury 1. 2005 mIt0v01. Febnory 28. 2006 At00.*17 moiteri Cash Flow Analysis Income Summary 18,08weffit •cmor8 Co Tile nes Pa to T)43 PIRIOD Y2.83 TO Nit µ5T 878TE1IC•47 amen 31.2005 OpeningBalance 40.00 Diddends 1,462.90 1.462.90 Money fund 1.482.90 Total 51.462.90 51 462.90 Amount Credited $1,462.90 0 Money Fund .1.482.90 Portfolio Composition z Amount Debited 11.462.90 Cash/Cash Equtraiem 832.238 -n ClosingBalance 10.00 Total $832,238 C in Your Portfolio Holdings z J CASH & CASH EQUIVALENTS Your Portfolio 141PICCI 83111MIED OARDIT Allocation coons auecucuts OJA/11113 MCI WWI AM ML MOW MD It DREYFUS CASH MANAGEMENTCL A ECU 832.237.93 1.0000 832.238 17,477 2.1000 INSTITUT/3NX. SHARES r EST. 30 GAY AVG YIELD 2,3400% TOTAL CASH & CASH EQUIVALENTS 5832.238 517.477 PEOOSEOCIA19- ANGS Cash & 2118881888, 100% IN:an amt 40,0 Sla-co etyl MOW! .1.••• 7, 0 UOrAzol poceear • Orvid fr.. Pe stsoll• man nap of 'ear po,Ww: 027 03/01.05:1103 CO1 0372 EFTA01320221 CLUJ= 17.0060.4 %ROUX ORRIS SOTISORRY VICE SERVICING YOUR ACCOUNT BEAR Bea, Stearns & Co. Inc. 383 Maarten Avenue &. Ent Shirrs Secullet CUD. Worottai Cener NORA STEARNS ork 10179 mittt 20 3959 EPSTEIN INTERESTS 4 et STATRAEKT PURIC. TSARS 1.2005 netorai retnavy 28. 2005 Your Portfolio Holdings (Continued) AO:Ols17 ALARM* EQUITIES TAXPAYER MAW On the LAST STATESENT knotty 31. 2005 Equities & Options Independent. third-party research on certain companies covered by the Firm's research is ay • rs of Bear Stearns at no Cos. Customers can access this research at wrny.tietaStiltamS.COm or can call to request that a copy of this research be sent to them. ACV warn ESIMAIED CLIMAX DESCEST1311 STIOSCARI1SP TYPE Cuunin Kea %EWE 0.011;A: MORE MID MO BANPAIS SA-SPONSOREDADR BPIBY CASH 20,000 Unpte0 REPSTC 6 SER I. SKS Total Equities& Options $0 SO -n TOTAL EQUITIES so SO C rn YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME YOUR PRICED PORTFOLIO HOLDINGS 517.477 $832.238 Transaction Detail r MONEY FUND ACTIVITY DATE vow TieNSAMtle coOdeneiti stilletARM aumany Pea car mow MOM IS 02/01/05 OPENINGBAIANCE 830.775.03 SEOOSEOCIN9- ANGS 0201/05 DIVIDEND DREYFUS CASH PMNAGEMENT-CL A DIC)3( 1,482.90 INSTITUTIONAL SHARES MONTHLY INMEND 027 010145110S COI V1172 EFTA01320222 CLEARED 1,E10101 ITS SLLY OAS SUSSCAARY OFFICE SERVICING YOUR ACCOUNT as. errs Sstes Bear. Stearns &Venuenc. BC/ 183 Madison A New York New bout 10179 Cro ASS assert Cs OS 112014859 STMRNS MOD EPSTEIN INTERESTS $ wa STATIST ISO February 1.2006 ymnouom Minas 2a. 2005 Transaction Detail (continued) ACCOUNT WS TAIS2.4 SODA On Fie MONEY FUND ACTIVITY (continued) LAST STATERS-21T Janus/ 31. 2005 DATE wODAT 114/113ACIOI CESOSIPTOI SSOLCUS. O12.ualif Of3a Dun now CREDO AliOUNI 02101/0S REINVEST DREYFUS CASH MANAGEMENT-CL A DIEU 1,462.90 1.462.90 INSTULMNAL SHARES DIVOEND REINVEST C) 0 02/28/05 TOTAL il ::siNG8ALANCE 832 237.93 S-1.462.90 $1,462.90 -n C rn STOP End of State- r 9£00SEOCIN9- ANGS O27 03.01/011:1100 031 28/2 ril 8 IJ V.) IJ 00 EFTA01320223 CLEME0 110241121 nu. DAMP SUOSIOW1Y OFFICE SERVICISG YOUR ACCOUNT W. Lan $902111e, CO, Bear. Steams & Co. Inc. BEAR 383 Madsen Avenue Ono Made:Pi Cons north Nes Yet 11201.1139 STEARNS New Yon, New York 10179 EPSTEIN INTERESTS ACCOUNT EXECUTE'S ZICHERMANARA STATEMENT •ORNO laeuary 1.7005 TELEPHONE ■ THROJCO January 31,200$ VISff OUR WEBSITE www.bearsteams.ccen Account unmet a What's In This Statement I ?ASSAYER MOSER On 1k LAST STATENETZT OnCemnr 31.2004 Financial Summary 3 EPSTEIN INTERESTS You Portfolio Holdings 3 DID 12/26/91 Transaction Detail 4 JEFFERY E EPSTEIN & MARK I. ' Fund Activity 4 EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR 0 NEW YORK NY 10022-6843 m C Your Portfolio at a Glance Market Value of Your Portfolio in MONEY MARKET FUND BALANCE 830.775 'I& EcHIS -S1111111111111M111S $830.775 $829.424 11ET EQUITY TM PERIOD 5830.775 Current market wax Last slatemerts market value NET MUM UST STATEMENT 829.424 CHANGE SINCE LAST STATEMENT 1,351 r .yrk r.wrov Mat On te la. ono, meets OM a Weal Atte a a Vame a Sono an /V Not foot On Suet. There are no 'Stop Loss' orders or other periling buy or sell open orders on file for your account. LEOOSEOCIN9- ANGS P . son or ~no tt sceeentx N Oen iv nett Mated as *Mond b sat in Pet Sates N tomamme. cr Tett e On Sera Mr Son Steno Cap. Oro Menton Cane Na*. OnOtn. MY ,N014.61 Slec TOE ornery is to inemultal 0apieel Sty. II ie rid !ceded 22 a tax dorm; 7111 metes: Otald te remnant ma nowee me mini Nn to. Procetarl rdet1,102e. 027 0W1060755 001 2170 TE1 I S IJ IJ IJ IJ EFTA01320224 CLEARED 11.10U01. ...HOLLY OM 1411603CARI kat.Sant Swats 0.70. On Mato* en *NM Orcoictin. /as Yen 112014650 SIM EPSTEIN INTERESTS 2 5, 5 0 STATEMENT BACKER IS PRINTED ON THIS PAGE C in z r 8£005£00- O19- ANGS 027 0V0ICkS.07 SS 001 VII/0 EFTA01320225 CLINREO 1141003N TES KNOW 0.51.0) IPAISIOTARY OFFICE SERVICaNG YOUR ACCOUNT Sair. Stearn Socuitin Bear. Steams & Co. Inc. BEAR 3B3 Mackson Avenue New York. New /21r Cos IMITatsce. Crow Nat Breolfp. New 054 11201465f STEARNS 10179 EPSTEIN INTERESTS 3 05 STATEMENT PERT:0 AMY) 1.2005 THROUGH AeraW7 31. 2005 A0Xten *AIM Cash Flow Analysis Portfolio Composition TAWNIER TEUNKR CT1 This PERM Casntasti EquNalem 830.775 tar SIATZWINT DerAmbe 31.2004 OpeningBalance 30.00 Total 5830.775 Money Fuld 1.351.01 Amount Credited 51.351.01 0 Money hod -1.351.01 z Amount Debited $-1,351.01 -n ClosingBalance 50.00 C in Your Portfolio Holdings z J CASH & CASH EQUIVALENTS Your Portfolio MOM, [SWUM CURRENT Allocation DESCRITION SYINICOCUSIE OUARTIN MCI VALUE Mintla %Ca* eELD et) DREYFUS CASH MANAGEMENT-C1 A DO= 830.77503 1.0000 830.775 16.616 2.0001 r NSTTIIMONAL SNARES EST. 30 DAY AVG MD 2.l 700% TOTAL CASH & CASH EQUIVALENTS S830775 516.616 6£005£00- O19- ANGS Cash & EQJTECCeni- 1130% unthnio tenon clinco owe beta. weir POI Iva* viRis Ths —So, »"gip. IA *Wet fcat N absGbiai sate ✓ w ecntio 02? 02000507 55 001 EFTA01320226 Walt netaxm Rs woos( CoVNE0 St...9.O4We OFFICE SERVICING YOUR ACCOUNT Bow — Sorbet CO,. BEAR Bear. Stearns & Co. Inc. 383 Madison Avenue ens Wooaco Coon kali STEARNS lial ikolc 10179 ea P1 111014850 EPSTEIN INTERESTS Ors STAZVE.T oGo$00 )orts; 1.2005 nOlOuCei )an r1 31.200S Your Portfolio Holdings (continued) •COOotiT MSJUA lllllllllllllllllllllllQ EQUITIES TrxeMilt ?AMER Co rile LAST tronalter Twenty 31.2OO4 Equities & Options Independent. third-party research on certsin companies covered by the FirmS research iS av rs of Sear Steams at no cost, Customers can access this research at Yn•ar.bearsteams.com or can ca to request that a copy et this research be sent to them. ACCT VARNEI CSIDIAn.0 CURRENT DISCSIATICol SYWOOL/CUS• Cr1E toxin egICE YALU( AW.AL MOW vat, 013 BANPAIS SA•SPONSOR£DADR RMBY CASH 20.020 Unpriced REPSIG 6 SCR L SRS Total Equities& Options SO SO -n TOTAL EQUITIES SO SO C in YOUR PORTFOLIONOLDI NGSESTI MATE CI ANNUAL INCOME YOUR PRICED PORTFOLIOHOLDINGS 516.616 5830.775 Transaction Detail r MONEY FUND ACTIVITY an MOAT TRAMSACOCW OCCRYIEDI 2.1100.001.5. Oumarrr PItL OM MOW COSCIT MOM 01/01105 OPENINGBAUNCE 829,42442 017005£OO- O19- ANGS 01/03/05 REINVEST DREYFUS CASH MANAGEMENT43. A 1351.01 1.351.01 INSTRUTIONAL SNARES ONDEND RESNEST 027 0201/03.0133 001 V$10 rn I S IJ C.) 1.0 1.4 IJ EFTA01320227 0.E.A.RED 11elbutai as %IOUs' OvesIO Sunt:oure OFFICE SERVICING YOUR ACCOUNT tow Yens Saari*. Ca,. Dew. &earns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 0Y Marton C— Sat ettothn. Isis. Yak 11201.3159 STEARNS EPSTEIN INTERESTS 5 es esssearer PellO0 Janawy 1.2055 esaCtKus lamely 31, 2005 Transaction Detail (continued) ACCOUNT %WIER w ren,* totem On Ile MONEY FUND ACTSATY (continued) LA ST STATDAINT Denny. 31.2004 OA1S MOST TWISACTON OlSe.+104 SYN.31.0.5. OLIANITTY nett of MOM OWN ANOINT 01/03/05 DIVIDEND DREYFUS CASH MANAGEMENT-CI A DICXX 1,351.01 INSTIMONAI SNARES MAT INCLUDED N 2004 1099 0 01/31/05 TOTAL CLOSINGBALANCE 830.775.03 5-1.351.01 31.351.01 -n C in STOP End of Statement r TPOOSEOCIN9- ANGS Orl 050140507,55 COI vim rn 8 IJ V.) 1.0 1.4 U.) EFTA01320228