EFTA01320643

Statements SDNYGM,350456 CONFIDENTIAL EFfA,.148 EFTA01320643 0.EMIE0 THROUGH ITS entity CM. SUMMARY OFF/CE SERVICING YOUR ACCOUNT &at Sawn Starnes Con Bear. Steams a Co. Ire. One IAN:2Pa Calmr Math BEAR 383 Machias Avenue anon" Moe Tan 112014859 New ?ca. Net: Vs*: 1 0179 STEARNS FINANCIAL TRUST CO INC ACCOUNT EXECUTIVE GNMA GOVT BOND STATEUthT TeltICO FOOS) 28.2004 VISIT OUR *VISITE www.beetsteams.chnt TMEOUGN march 31.2004 Ai:Mora mania What's In This Statement TAYJNVER NUNSER Co FY EAST STATEMENT February 27. 2034 Financial Summary 3 FINANCIAL TRUST CO INC Transaction Detail 4 CJO JEFFREY EPSTEIN Your Messages 8 6100 RED HOOK QUARTER STE 83 ST THOMAS VI 00802 0 Z T T I C Your Portfolio at a Glance Market Value of Your Portfolio in cunt, Wolin I " 5.33.514 NET moony MS PERIOD 0 al test !to:manes rrenel blhe NET FOUR'? LAST STATEMENT -33.514 Stich mane ran CHANGE SPACE MST STATEMENT 33.514 r There are no Stop Loss' ceders or other pending buy or sell open orders on file for your account monnity a Er /Tommie's, wpm*** WTY- IS nEN402 MT a EST Manna arm in or non inNIE Eta reahod ng TNT wont See rtmerst nfle In Ornate ininnalon 027 4 1. 41231 001 TITS LStOSEOCIA19- ANGS EFTA01320644 CLEARED THROUCAI ITS WACtlY OWNED SUSSCYST? Firs Sinn Seam., Ca,. Ors itepeocii few Norm 11.66066. New Tot 1520,4839 M UST COINC 2 a 6 z ii STATEMENT BACKER IS PRINTED ON THIS PAGE in z -H r 8StOSEOCIA19- ANGS 010 0401/04.123I 00I 10329 I S IJ IJ O EFTA01320645 0 ran, "omen rs your( armed st48388.418 OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc Man Yam 54.7.4041 Co0 One Mitcenr.n Center IWO BEAR 383 Madison Avenue smart Mew Yam 11201.3559 New York, New York 10179 STEARNS FINANCIAL TRUST CO WC 3 1374TEIdert 04:100 FS/Num 28. 2004 1710004, Mirth 31. 2004 44-40nwr Wmebt Cash Flow Analysis Income Summary TIOCPAYER NANICA On Fib DOS P01100 MIS 41131C0 YEAR TO DATE LAST $741ThENT retruary 27.2004 OpenIngBalance 1-33.513.55 U.S. Govt. Bond Im. 62.470.90 332.686.10 Cm& Balance Int 4.59 4.59 Securibes Sold 181,187,137.82 Reverse Repxrchase 16.825.29 62.385.28 DividendsAnterest 62.475: 48 miscellaneous Total 579.300.78 5395,075.97 30,926,395.39 Bond PINC/1646 Inc 47,250.66 -327.100.48 AmountCredited 5212,176,008.69 Margin Im. Paid -4.59 -4.59 securNeS Bought -151,473,254.55 Repurchase Int. Exp. -26,379.55 -59.000.08 ii Divklendsantereat Charged 47.255.26 Miscellaneous 40,581,985.33 C Amount Debited 5-212,142.495.14 in Net Cash &linty 33,513.55 ClosinqBo lance 50.00 r Cash Balance Summary COMIC 0.031.4 Margin -33,513.55 0.00 Net Cash Balance 5-33.513.55 $0.00 027 11143/004:1831 001 V129 69VOSE00- 019- ANGS rn I S IJ EFTA01320646 =AND NROLON vhati. Owl40 Sullnivav OFFICE SERVICING YOUR ACCOUNT Bear. Steams 6 Co. Inc. Ow. Sian Senna Ceql. ere Vero001 O2rOs WV. BU1R 383 Madison Avenue Becody, Nov rat 11201.3859 New York• New York 10179 STEcRNS FINANCIAL TRUST CO INC sikreiniwr nmx FartWy 28.2004 Thotoucol Myth 31. 2004 Transaction Detail AO2OVP4r SOURER TAxPAnix iamIER INVESTMENT ACTIVITY VSL sTArnivrt February 27. 2004 3171.114110 Tata OAIrt out litINSIC123/t DISCRP11311 SYM93LOISP OUNIAIY INR xY 4010.00 Ot00 WOW 03/01/34 02/25104 SOLD UNITED STATES TREASURY NOTE 912828C84 -10.000000 99.87500 9.987.500.00 DUE 02/28/2005 01.625% FA 28 ACCR. INT. 441.58 0988016192099 YIELD 1,689 %TO TATUM GVER REF a 00571011 Al 03/0104 02/28/04 SOLD UNITED STATES TREASURY NOTE 912828084 40000000 99.87500 49.937.500.00 DUE 02/28/2006 01,625% FA 28 ACM. INT. 0988016192099 2.207.88 z 1W 1.609 %TO IASTURITY GVER REF • 00571011 81 m 03/01/04 RECEIVED UNITED STATES TREASURY NOTE 912828C154 80,000,000 60,150,000.00 OUE 02/2812006 1.625 .1 625 WEE 02/28/06 ci FITG 10610655 Al RESALE AGREEMENT m 03710/04 03700104 BOUGHT UNITED STATES TREASURY NOTE DUE 02/15/200 03.000% FA 15 912828822 10/300.030 101.57813 10.157.812.50 z 0988016192099 ACCR. INT. 19.780.22 YEID 2 656 % TO MATURRY OVER ROE a 00691013 Al H 03/10104 03/09334 BOUGHT UNITED STATES TREASURY NOTE 912828822 10,000000 101.80038 10,180,937.50 DUE 02/1512009 03000% FA 15 ACCR INT. 19.780.22 0988035598099 YIELD 2.0140 %MINIUM r GNU RU 0 G0691017 A3 03/18/04 03/17/04 BOUGHT UNITED STATES TREASURY NOTE 912828C84 10.000.000 100.29688 10.029.887.50 DUE 02/28/20C• 01.625% FA 28 ACCR. M. 7.948.37 0988016192099 YIELD 1.470 % TO MARMOT GVER REF • 00771016 Al 0118704 03/17/04 BOUGHT WITTED STATES TREASURY NOTE 912828C84 60.000.000 100.29688 50.148.437.50 DUE 02/28/2006 01.625% FA 28 ACCR. INT. 39.741.85 0988016192099 YIELD 1,470 % TO MATIMITY GVER REF • G0771016 81 027 04.01104.1231 001 420 09VOSE00- 019- ANGS tT1 8 IJ IJ t.o.) lR I0 EFTA01320647 atAn8D 'mylne.. na VniOar OtmE0 SU9Seuar OFFICE SERVICNG YOUR ACCAUNT Bey, Sters 5«wifes Gt, Bw. Steam & Co. Inc. Oie ~aen C<M1/ kt BEAR 383 Medison Avenue 9.9,4n. Kn York 11201.3859 New York. New York 10179 STEARNS FINANCIAL TRUST 03 INC See STArGIIE1/4 11 PER100 Februar/ 28.2004 114101.~ Mord, 31. 2004 Transaction Detail (conLinued) ACCOL*11 tuaAnit ~MR On He INVESTMENT ACTIVITY (ccutrued) Lam Emmen Mins/ 27.2004 Knups« wx« Dan out 1~9.C11311 Ot5Certerd 5~3...r.uar, OUANTITt Mal DEM AISOINI C.Rffl AMME 03(18104 DELERED UNITED STATES TREASURY NOTE 912828C84 -60.030.000 60.160.000.00 DUE 02/28/2008 1.625 1.625 DUE 0228/06 FITG F0610655 A2 TEM RESkLE AGREEMENT 03/22/04 03/19104 SOLD UNITED STATES TREASURY NOTE 912828BV1 -10.0O3.000 102.45313 10.245.312.50 DUE Om 5/2009 03.250% u 15 0988064291332 ACCR. IM. 59.821.43 DELD 2.703% TO MATURRY OVER REF . 60791025 Al 03/26/04 03225/04 SMS UNITED STATES TREASURY NOTE 9128288V1 -10.000.000 0.02 DUE 01(15/200903.250% D 15 SPECIAL INSTRUCTIONS ACCR. NT. 0.01 GVER REF it 60851010 A3 AS OF 03/25/04 03/26/04 03/25704 SOLD UNITED STATES TREASURY NOTE 912828872 -20.000.000 0.01 DUE 02n52009 03.000% FA 15 SPECIl. INSTRUCTIONS OVER REF ø 60851012 Al TOTAL 5.140.734.125.66 5130.392.783.41 INTEREST 1VIIN3C113NOO DUE DOZOOPTION STIMCGICUS, OUWITIV RATE Op DENT Aall 0110T .11.93« 03/01104 AVG BAL 3.590421 1.644 4.59 021 «AU IfIEREST 0204 03/02/04 ADJ MONTFILY NC INT FER 03 4.59 TOTAL 3.4.59 34.59 027 04/01.04.12 31 031 V829 191705£00-1A19-ÅNGS I 8 IJ IJ lnr EFTA01320648 ClE110.3 114110U0n rts velettY oa‘to SuesOoxe OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. Dee. Stets Sanies On. One Menuch Cate Nunn BEAR 383 Madison Menue !keen Ne. Vat 11201.9859 Now Yost Now York 10179 STURNS FINANCIAL TRUST CO INC «a STATE...Eke PERICO February 20.2004 ne101.00 March 31.2004 Transaction Detail (continued) ACCOUer 41.803801 TAX4.41114 meeleR On Fie REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS 4.4.5T erArauFxr Fetruary 27.2004 with Bear,Steams& Co.Inc. 1107411.1001 11Utt OATt an icuisictei otweince SPALCMOAP Ouumw 0030 AlKtert CRIP1 miOUla 03/10/04 JOURNAL UNITED STATES TREASURY NOTE 912828822 40.003.003 20.300000.00 1116 10700679 Al 3,000 DUE 02/15)79 REPO AGREEMENT 03/11/04 JOURNAL UNITED STATES TREASURY NOTE 912828822 20.000.000 20.300.000.00 o FiTG F0700679 AZ 3.0:0 DUE 02/15/09 TERM REPO AGREEMENT 03/11/04 JOURNAL UNITED STATES TREASURY NOTE 912828822 .20,000,CCO 20.300.000.00 F I /TM F0710481 Al 3.000 DUE 02/15/09 REPO AGREEMENT 03/11/04 INTEREST UNITED STATES TREASURY NOTE 912828822 112.78 DUE 02/15/2009 3.000 in FITG 10700679 A2 REPO INTEREST 03/18/04 INTEREST UNITED STATES TREASURY NOTE 912828084 16.826.29 DUE 02128/2006 1.625 FRG RESALE40610655 702 DIŒRES1 03/22/04 JOURNAL UNITED STATES TREASURY NOTE 9128288Y1 .10.000.000 10.250.000.00 MG F0820321 Al 3.250 CUE 01/15.09 r REPO AGREEMENT 03/22/04 JOURNAL UNITED STATES TREASURY NOTE 9128288Y1 20.000.000 20.100.000.00 fnC 10260003 A2 3 250 DUE 01ti see TiRIA REPO AGREEMENT 01/22704 INTEREST UNITED STATES TREASURY NOTE 9128288V1 23.405.31 DUE 01115/2009 3.250 FRG MTF026C47 ERES03 A2 REPO T 03/26)04 JOURNAL UNITED STATES TREASURY NOTE 9128288V1 10.000.000 10.250.000.00 FRG F0820321 A2 3 250 DUE 01/1509 TÉRIA REPO AGREEMENT _ Z91705£00 IND »JOS 007 04,01104:12:31 001 MM 1,51112ZOO- V1-43 EFTA01320649 =ARCO 714.W.ON ITS youXIX OATE0 StAINCIARY OFFICE SEM/ICING YOUR ACCOUNT Bear. Steams A Co. Inc. fin Owens StoxLe$ COIL ON Minima Una Rath BEAR 383 Madison Avenue ISIOrtYyrt 0PrO Va 11201-3859 New York. New York 10179 STEARNS FINANCIAL TRUST CO INC 7 er STATEtONT PCRO3 FeDDADy 28, 2C04 110003-1 PANG 31, 2C04 Transaction Detail (continued) ACCOUNT WADER TAXPAYER wutet On no REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) LAST ITATENOX Fetruary 27, 2004 SETTLEMENT 111ACC DATE DATE TOPAADARON OtSCRATION SIAPOLCUSIP DAMN OM NAMPO CREDO Amapa 03/26/04 JOURNAL UNITED STATES TREASURY NOTE 912828822 20.000.000 20.300.000.00 En F0710481 A2 &COO cut 02/15178 TERM REPO AGREEMENT 0126/04 INTEREST UNITED STATES TREASURY NOTE 912828891 837.08 DUE O1/15/2009 3.250 FITS F0820321 A2 REPO INTEREST 03/26/04 INTEREST UNITED STATES TREASURY NOTE 912828822 2.024.36 -n DUE 02/15/20D9 3003 FITS F071 0481 A2 REPO INTEREST C TOTAL 5-70 978 379 56 550.866.825.29 in MISCELLANEOUS z J CATS laGTAY TRWSACTION DESCAPTION OWE MOUNT CREW MS 03/01/04 JOURNAL F176 FIlM 33,613.00 03/02/04 JOURNAL FITS FIDA 222.355)03 r •••••• - • 03/04/04 JOURNAL FITS FlTM 3.00 03/11/04 JOURNAL FITS ETTA 58.309:00 03/12/04 JOURNAL FITS FTTM 113.00 03/15/04 JOURNAL FITS MAI 226.00 03/19/04 JOURNAL FITS FITM 58.990.00 03/23104 JOURNAL FITS TO FITM 431,728.00 03/25/04 JOURNAL MSC ADJ TO CASH DAL 0.36 027 0001/00 221 OM "a ESVOSEOCIND- ANGS I8 IJ EFTA01320650 CLEARED Meath ITS ANCe.LY C.r.tb SuSSOORY OFFICE SERVICING YOUR ACCOUNT Ser. Stern Secular Cry Bear. Steams 8. Co. Irc. Ono lAnserrth Crow Math BEAR 383 Madison Avenue Ortotlyt IN. Vt* II 201.35S9 New Vett, New Yak 10179 STEARNS FINANCIAL TRUST CO INC e. STATEWEM PERICO rebury 28.2034 THROW.. Mann 31.2034 Transaction Detail (continued) Mtn, ra quenleit TexPnveR hi.DASen On File MISCELLANEOUS (continued) LAST STATEMENT rebury 27. 2004 OAR MOOAT nuasitnsi can DM MOM CROXY emOUNT 03/26/04 RECEIVED RIG PG0013747275 140.97 0210212825 P001. UPON 3.0000 FraNCINGCO NET PAIROFF DUFF 03/30/04 JOURNAL FTtM TO MG 30.553.002.39 0 'TOTAL 5.431.985.33 530,926,395.39 z -n C rn Your messages z Excess SIPC Account Protection Update The rem believes it is of the utmost importance that dents who purchase or J Effective February 16. 2004. the commercial insurer through which Bear. hold mutual funds fully understand the intricacies c4 the pricing structures and Steams Securities Corp. obtains excess SIPC protection changed to Customer rules which govern these investments. Recently, a joint Industry/NASD Task Asset Protector) Company CCAPCCX). a New York kCenSed insurance Force collaborated to create a Disclosure Statement to address these Issues. company. CAPCO has an A— financial strength rating from Standard and We are providing this Disclosure Statement to you for the purpose of Pm's. reinforcing these concepts and to initiate the opportunity for further discussion r of these issues to the extent you have questions. You are encouraged to contact year financial professional with any questions you have regarding your investments. Additionally, you may review this information Mine at the following NASD web site: http:/hwm.nasdr.com/breakpoints_statement.asp End of Statement 027 0401/04:1231 CO: Ye29 P9tOSEOCIA19- ANGS EFTA01320651 n.....) viitomm ns yfroOLLT OrEED StAPSOPAN 0110E SERVICING YOUR ACCOUNT Bar. Signs Mean Cttp. Beer, Stearns & Co. Inc. CVN lAtotedi CcUs BEAR 383 Madson Avenue De d/1 Nn Yrn 11 20141119 New Tod. New Yak 10179 STEARNS FINANOAL TRUST CO INC ACCOUNT EXECUTIVE CHINA GOVT BONO TYKraitNY Moen Janney 31. 2004 VISIT OUR wEBSITE IEW/bealSTrliniS.COrn Tinap3ri FOYULTry 27. 2004 ACCO.NT RIARIER I I What's In This Statement Iluillminlill TAXPAYER MAWR On rile LAST TrATriaDer Ismael 30.2004 Financial Summary 3 FINANCIAL TRUST CO INC Your Portfolio Holdings 4 C/0 JEFFREY EPSTEIN Transaction Detail 5 6100 RED HOOK QUARTER Trades Not Yet Settled 7 STE 83 Your Messages ST THOMAS VI 00802 8 Z T T I Your Portfolio at a Glance Market Value of Your Portfolio m CASE 4 Egwa'nt 3 3 514 NET DEBIT BALANCE -33.514 MI NET EQUITY TIES PRAM 5-33,514 Iasi statemerCs manes WINE =I Shall market TAJO NET Eournt LAST STATEMENT 0 CHANGE SINCE LAST STATEMENT 41514 r There are no 'Stop Lou' orders or other pending buy or sell open orders on file for your account. 51E vinery for Ltnnoial cinema ant it not mot anti/ OWNTIL ma ttaltmen ORA: be read for yew math. See Wein Ode lot Inoue. ieforrem. 02T 02/2504.1112 031 YRS SSVOSEOCIA19- ANGS to I S IJ IJ EFTA01320652 OJEARIO TROUGH ITS 7040544 08740 SU8801400 89r. 904,8 584914.4 Coy. 014 7.4418(44, Certbr 1198 80458 Mew Yon 112014859 FINANCIAL TRUST CO MC O z m STATEMENT BACKER IS PRINTED ON THIS PAGE ci m z H r 027 020804.1132 001 99VOSE00- IND- ANGS 8 1,) 00 EFTA01320653 CLEM4E0 'MOWS vs WHO.LY WOAD SLSSI0NRY caricz SERYMG YOUR ACCOuta Bear. Stearns a Co. Inc. Dear Sans Seaman Cap. 0ne Weruto Optic Mann BEAR 363 Mason Avenue enoesrs. New IV( 11201.311SP New yeet, New Yea 10179 STEARNS FINANCIAL TRUST CO INC 3 it s STATELIENT PERO> January 31. 2004 henuah Fawn 27. 2004 ACCOUNT MAW Cash Flow Analysis Income Summary lax.AvitiR papaw On Re Pc1100 nei WOOD YEAR TO DATE LAST 3TMtWCWT January 30.2004 OpeningBalance 50.28 U.S. Gott. Bond Int. 12.362.64 270,215.20 Reverse Reptrchese 36,484.42 45.559.99 Securaies Sold 180,922,421.92 DiMendsinterest 12,362.64 Total $48.847.06 $315.775.19 Bond Neches° Int -191420.89 -239.849.82 Amount Credited $180.934.784.56 Repurchase Int Exp. 0.00 -32.620.53 Securities Bought -120.464,062.50 Diyidendsarrarest Charged -191.620.89 -n Miscellaneous 40.312.615.00 Portfolio Composition Amount Debited $480.968.298.39 SHORT LONG C CashiCash Equivalent 33,514 Net Cash Activity -33.513.83 rn Total $33,514 ClosingBalance 5-33.513.55 Your Portfolio Allocation Cash Balance Summary r cfronG kluen 0.28 4341345 Net Cash Balance $0.28 5.33,513.55 Start Casa a Ulu/talent — 100% UnINC03 Xel<n> dr* Clete balite* lv4.* eel asemol vita* The - non>, a 4,0.4 1.1), IN stadia nalILA yawn:~ ace00 Ca/ OZ2DM.1r 32 0O1 vale LSVOSE00- 019- ANGS I8 b.) IJ lrr EFTA01320654 cssAn Oft0LOR ITS wmowe °Mato SIASIOVAV OFFICE SERVICING MIR Accawl Bar boon Sto.ntas Coo. Bear. Steams & Co. Inc. Ciw IASOUCI1 Cons Not BEAR 383 Madison Avenue Orton" New Ton 1,201.3559 Now York. Now Ycek 10179 STUMNS FINANCIAL TRUST CO INC SUMMON PER= /flay 31.2001 TTIROUON letetiley 21.2004 Your Portfolio Holdings ACCOLPO NURSER CASH 8. CASH EQUIVALENTS TAXPAYER xiAiWt 0. Fria U4T STATEWIT Jaws, 30.2004 a.nwtto CURRENT OFSCRIMON SWIOLCIJOP VALUE /JAM MOW TTELD CASH BALANCE -33.514 TOTAL CASH & CASH EQUIVALENTS 5.33.514 YOUR PRICEDPORTFOLIOHOLDINGS 5-33,514 -n C Repurchase and Reverse Repurchase Transactions in with Bear,Steamsand Co.inc. outstanding as of date of statement 14.00413E/ RONR0.131 nrclur, RATWASE PRICE/ ACCO.E0 REPO WARTETT SPRY DATE WE RATE POMP./ MEREST- fACE /00:41N1) CUSP DUERR:or. YOU SOLD USTR 3.25C0 01.'15109 (REPO) 01/26104 OPEN 1.050 -20.100.000 -12.702 -20.000.000 912828BV1 TOTAL REVERSE REPURCHASETRANSACTIONS SO SO TOTAL REPURCHASE TRANSACTIONS 5.20.100.000 5-12,702 r es cd slimoral OTT 02;2841.11 32 Or 89tOSEOCIA19- ANGS I S IJ T.) W a O EFTA01320655 CLEMIE0 TPROPC•8 as 0140th 0010.0 Su0SOWXY OFFICE SERVICING yarn ACCOUNT Bear, Steams Co. Inc. Bee. Suns 30wiles Cap. 0/* Werouth Catimmanit BEAR 383 Madsen Avenue Mew Tat /1201411.0) New York. New Yea 10179 STEARNS FINANCIAL TRUST CO INC 5 en STATEME.rt PERIOD Tammy 31.2004 /101OUGH Fa lun 27.2004 Transaction Detail ACC001/ tonna maw On lb INVESTMENT ACTIVITY LAST eTATeuemv sue, 30.2034 9111100/41 numAcncin 013C1aN $111001.0040 auteaTre 01111M10100 0KM AVOW 02/04/01 02/03/01 SOLO UNITED STATES TREASURY NOTE 912628887 .10000.000 100.22656 10.022.656.25 CUE 01/11/2006 01.975%11 31 0913872829109 ACC . 2.060.44 NEW 1.759 % TO 1.44TURRY GAR REF /60341007 43 AS OF 02/03/04 0 02/04/04 02.03/01 SOLD MATED STATES TREASURY NOTE 9128288V .50.000.000 100.22656 50,113,281.25 DM owlnow 01.675% 11 11 09138729391099 /t..CR. Mf. 10.302.20 YIELD 1.759%TO MATURITY ii OVER REF • G0341007 B3 AS CC 02/03/04 02/04/04 02/03/04 BOUGHT UNITED STATES TREASURY NOTE 91282881/3 10,000.000 100.32031 10,032,031.25 C DUE 12/31/2006 01.815% .ID 30 0988728291099 ACCR. INT. 19028.85 in YIELD 1.703% TO MATURMI GOER REF a 60341003 A3 AS CC 02/03/04 02/04/04 02/03/04 BOUGHT UNITED STATES TREASURY NOTE 912$288U3 50,030000 100.32031 50,160,156.25 DUE 12/31/2/005 01.875%10 30 ACCR_ INT. 0981729291099 90,141.23 YIELD 1 703 %TO MATURITY GVER ad es 60311003 83 AS OF 0203/04 — r 02701/04 RECEIVED UNITED STATES TREASURY NOTE 9128288X7 60,000,000 60,300,000.00 OM 01/31/2008 1.675 1,676 DUE 01/31/06 FOG F0350404 Al RESALE AGREDAEW 02104/04 DELIVERED UNITED STATES TREASURY NOTE 91282881/3 430000,000 60.450.030.00 DUE 12/31/2005 1.876 1, COE 12/3105 FRG S 10210559 M TERM RESALE AGREEMENT 02/27/01 02/26/04 BOUGHT UNITED STATES TREASURY NOTE 9128288X7 10,000,000 100.15313 10,045,312.50 CUE 01/31/2006 01.1375% It 31 0868016192099 /OCR MT. 13.907.97 DELD 1.635% TO NATURITY _ GVER REF • 60571007 Al 69170SE00 IND ANGS WO 092•114.11:32 001 veil EFTA01320656 GUAM TIPOv3m ITS ~OW, ØSuettear OFFICE SERVICING YOUR ACCOUNT eta. Stem Searam Cap. Bear. Steams 6 Co. Inc. One Menuxii Carts ,Ma BBNI1 383 MadSeti AYarale One" Ike et " 18S9 New YE& NOW Ye« 10179 STUkRNS FINANCIAL TRUST CO INC 6 ei 9TATENENT Ø0000 In/ 31.2004 niRouGH February 27.200E Transaction Detail (continued) krrvHT NIAMIP TAXPAYM POWER orm rb INVESTMENT ACTIVITY (Continued) =Anwar mnery 30.2004 SI111DAENT TRAM DATE DATE TRANSACTION DISCRPTON SMOCUCUSIP COMM PDX CON HAUNT CREPT ALOINT 02/27404 02/26/04 BOUGHT UNITED STATES TREASURY NOTE 912828827 50.000.000 100.45313 50.226.562.50 DUE 0141/2 192099 006 01.875% 11 31 ACCR. INT. 69.539.84 0988016 VEID 1.615 %TO MATURflY GVER REF V 60571007 111 02/27/04 DELIVERED UNITED STATES TREASURY NOTE 9128288X7 -60,CCOCOD 60.300.000.00 DUE 01/31/2006 1.875 1.875 DuE 01/31/08 rim F0350404 A2 TERM RESALE AGREEMENT -n TOTAL S-180.955,683.39 5180.898.303.14 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS rn with Bear, Stearns& Co.Irte. ØMT WI£ DATE DATE TRANSACT/3M DESORPTION SYNICVMS.I. ~DIY DENT ANOINT adrel ANOINT 02/0404 INTEREST UNITED STATES TREASURY NOTE 9128288U3 14.675.92 DUE 12/31/2005 1.875 FRG F0210559 A4 RESALE MEREST 02/27/04 1,11cDFSY I;41TFf. S'A, F5 TREASURY NOTE 9128288X7 21.808.50 r TOTAL 536.484.42 veie OLDOSE00- IA19- ANGS EFTA01320657 CLUJILD 111401.10M ITS Warr PAWED areaway OFFICE SERVICING YOUR ACCOUNT Bear. Steams II Co. Inc. ISSN Van Scoots Coy. 44• Vorxece. Caw htefi BEAR 383 Madison Avenue Boot." Me. wet 11201.1449 New Yak, New York 10179 STEARNS FINANCIAL TRUST CO INC 7 a STATEMENT flit= Arum 31.2004 1101Cral Febevery 21, 2004 Transaction Detail (Continued) ACCOUNT MAIM TAXPAYER MUM On Fie MISCELLANEOUS LAST under January 30.2004 Cn MCVAY TROGACTON o4144.104 C(9/1 MAOURI CREDIT Maid 02105704 JOURNAL FIT6 RIM 12 615.00 TOTAL 5-12.615.00 0 -n Trades Executed Pending Settlement SETTLD4ENT MOE OAR OAR TRAXMCIION DESCRPTON SHAPOUOJSIP allUeTTY PREF COW ATIOUPTI CREW NAOMI 0301/04 02/28/04 SOLD UNITED STATES TREASURY NOTE .10.000.000.00 99.8750 9.987.941.58 in DuE 0208/2008 01.6201 FA 28 0988016192009 HEED I.610 % TO PAATURnY BYER REF • GO571011 Al 03/01/04 02428/04 SOLD IMMO STATES TREASURY NOTE 40.000.000.00 99.8750 49.939.707.88 DIM 02128/2005 01.8258 FA 28 0968016192099 YIELD 1.689 II TO MATURITY NEE • Cosi i oil 81 r TOTAL 50.00 559.927.649.46 114 stew — de am amat hag Mn *MGM MN ea 027 022404.11-32 02, von ILDOSE00- 019- ANGS I8 b.) V.) EFTA01320658 GOND llinuen as vafiCur Matt SuSSOVOre Cara SERVICING YOUR ACCOUNT 9W. Sinn Se0rps Cap. Bear. Steams & Calm Ore Vaasa Cent AWN BEAR 383 Madison Avenue 10:a0r. Paw Tat 112014.5.9 New York. New York 10179 STEARNS FINANCIAL TRUST CO INC 8 es slanIpa 0a020 1001.ary 31.2004 TOCUCal Folmar, 27. 2004 •tWVrt .4.24020 TAXWER MAMER CLI Ft Your messages LAST STATELICST Jana, 30.2004 ma- Excess SIPC Account Protection Update Effective February 16. 2004, the commercial insurer through which Bear. Steams Securities Corp. obtains excess SIPC protection charged to Customer Asset Protection Company r CAPC0"). a New York licensed instrance company. CAPCO has an A. financial strength rating from Standard & POP'S. z End of Statement m ci m z H r 027 02/21034.1112 001 ZLVOSEOCINDANGS ba IJ W a EFTA01320659 O1ARED TW7/190 17$ YW0LLY OweL0 SL nray arra SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. Bur Stara Swarms Cow Coe 1Aeintwn Carr 149/9 BEAR 383 Madison Avenue tbrarl. Wm WM 11191.3669 New York. New Ye< 10179 STEARNS FINANCIAL TRUST CO INC ACCOUNT EXECUTNE GNMA GOVT BOND raTTUFW Pf/000 January 1. 2C04 VISO OUR MOM wow.bearsteams.ccol TWC/3304 January 30. 2004 ACCOurf MAWR What's In This Statement ilIIIIIIIIIIIIIII III Trauvia AtiutrA On Tie Financial Summary LAST STATtUrr December 31, 2003 1 FINANCIAL TRUST CO INC You Portfolio Holdings 2 GO JEFFREY EPSTEIN Transaction Detail 3 6100 RED HOOK QUARTER Your Messages 7 STE B3 0 ST THOMAS VI 00802 0 z ii Cash Flow Analysis Cash Balance Summary MS PO000 Or an OOSMIC C Opening Balance $0.49 Margin 0.49 0.28 in Securities Sold 226.228.606.83 Net Cash Balance $0.49 $0.28 z Ceriderds/Interest 257,852.56 Miscellaneous 60.783.172.61 AmountCrodrted $287.24%632.00 Income Summary Securities Bought -70.500.589.28 II'S PERM WA TO Oa% r DN.:lends/Interest Charged -48,228.93 U.S. Govt. Bond Int. 257,852.58 257,852.56 Reverse Repurchase M. 9.075.57 9.075.57 kescelLaneous -216,700,814.00 Total 5286.928.13 5266,92813 Amount Debited 5-287.249.632.21 Bond Purchase Mt. -48.228.93 -48,228.93 Net Cash Acting -0.21 Repurchase Int Exp. -32.620.53 -32.620.53 ClosingEtalance $0.28 119h tawny for Warman, r,nons Oro. I IS WC Ywi1es a Iza rani TIW Kremer Web De reablieS rW yer ramea Sr werse 000 rY 110:061aiwaren 017 01/3104913 10 00, 1/124 ELVOSE00- 019- ANGS EFTA01320660 CLEARF-0 TNRCuelm rts rmOLLy wow 00,90m10* OFFICE SERVICING YOUR ACCOUNT Bye Sworn Sewn., rat. Bear. Steams & Co. Inc. One IMtct& c-is Okrth BEAR 383 Madison Avarua New et 20 3959 New Yak, New Yak 10179 STURNS FINANCIAL TRUST CO INC 2 as STATEMENT WERCO /arum 1.2004 Tme0u0.4 Sammy 30. 20C4 Your Portfolio Holdings ACCOLINT Pawpaw CASH & CASH EQUIVALENTS !Naomi:Ft mascot On FIle LAST SIAM/tor! DecerNw 31.2003 Maki ES1118171D CURRENT 0000.10N SNIABOLCUSie OuN4- fiv Farr! ytur mm:At IstNE TIM M) CASH BALANCE TOTAL CASH & CASH EQUIVALENTS 0 -n Repurchase and Reverse Repurchase Transactions C with Bear, Steamsand Co.Inc.outstanding as of date of statement in PlitOIA3E/ ROFLACtiMit 1,11:010 PLROKSE PRIX A0:14.RD Ounarft SUM DAM 0ATE A1n ORNCIPAI. 11.1tREST. VKC IIACOO) CUSP mon YOU SOLD USTR 3 2500 01/1909 (REPO) 01126/04 OPEN 0.280 -20.100.000 -2.635 -20.000.000 9128286V1 YOU BOUGHT USTR 1.8750 12/31105 (REVERSE) 01/21/04 OPEN 0.550 60.450.000 12.912 60.000.000 912132FIBU3 r TOTAL REVERSE REPURCHASE TRANSACTIONS $eaasotoo $12.912 TOTAL REPURCHASE TRANSACTIONS S-20.103.000 S-2.635 'As et ttal•-.0.1 ears _ 021 0141/D4F3920 001 5324 PLDOS£00 IN9 ANGS EFTA01320661 9911:1700-V.L.43 =Ano rafowa in 0909.12 0002.0 SISSOOPY OFFICE SERVCING YOUR ACCOUNT Ber. Steams & Co. Inc. Ow Sten WOOS Cap. 383 Mason Avant.* One menom Cela Op% BEAR New York, New Mt 10179 becleyk A4v *I 20 19 9 STEARNS FINANCIAL TRUST CO INC 3 eF STATrACNT Moe° Janutry 1.2004 THROCON Amery 30. 2034 Transaction Detail ArOyNT 9..923919 1P1P.ofR vs.9101 on nk. INVESTMENT ACTIVITY LAST 1099F10.91 December 31.2003 5171117200 MOE OUT DOE 1102SACIPPI DESCR991011 SYMPLCOSIP OMOM nin Dur MOM MX Amura 01%7/04 01/06/04 SOW UNITED STATES TREASURY NOTE 912828813 -20.000.CW 99.92188 WE 09/3012005 01.525%14 31 19.984.375.00 0988728291099 ACCR. M. 87,909.84 YIELD 1.671 %TĘ/MATURITY GVER REF • G0081000 Al O 01/C0/04 01108/04 SOW UNITED STATES TREASURY NOTE 9128288U3 45.030.003 100.10158 DUE 12/31/2036 01.875% JD 30 35.035.546.88 -z 0988064291332 ACCR. INT. 16.225.96 YIELD 1,822 % TO MATURITY n OVER REF 500081038 Al 01/0944 RECEIVED UNITED STATES TREASURY NOTE 9128288113 35.000,000 35,131,250.00 DUE 12/31/2006 1.875 1.875 WE 1201/05 mc 10090888 Al RESALE AGREWENT 01/15/04 01/14104 m BOUGHT UNITED STATE TREASURY NOTE 5 YR NOTE 9128288T8 10,000.000 102.03906 10.203.906.25 Z WE 12/15/2038 03.375%10 1$ ACCR. M. 28.586.07 0988015192099 YEW 2028 1110 ISTURITY OVER REF • 00141026 Al 01121/04 01/20/04 SOW UNITED STATES TREASURY NOTE 9128288W -25.000.000 100.40625 DUE 12/3112005 01.875% JO 30 25,101,562.50 0988016192099 ACCR. INT. 27,043.27 r 1,551 % TOWOUROY GWR REF 5 G0201039 M AS OF 01/20104 01/21/04 RECEIVED UNITED STATES TREASURY NOTE 9128288U3 60.000.000 60,450000.00 DUE 12/31/2035 1.875 1.875 DUE 12/31/05 FRG PG0012458131 0210212825 POOL COUPON 1.8750 IWJ4CING NET PARDEE DST 01221,04 RECEIVED UNITED STATES TREASURY NOTE 9128288113 60,000.000 60450.000.00 DUE 12/31/2005 1.875 1,875 WE 12/31105 MG F0210559 Al RESALE AGREEMENT 021 claw040124 CM 1024 SLVOSE00- 0/9- ANGS EFTA01320662 REARED MARACA ITS "CU." OAATO WaScoure OFF,CE SERVICIV6 YOUR ACCOUNT Bear. Stearns & Co. sea. Sawn Seams Ca Ow uteown CfPle 141:01 BEAR 383 Mackson Avenue etookAn. a1W VW, 1120141159 New York. New York 10179 STEARNS FINANCJAL TRUST CO INC STATEMENT AMOS January 1.2004 7/TIOWN January 30. 2004 Transaction Detail (continued) ACCOONT MUMMA INSTATES Hugest, On Fk INVESTMENT ACTIVITY (coveued) LAST STATEMENT December 31.2003 WITIEMENT TRADE OAR OATS TIMMUCTIOS OISIOWIICAT SINKIJCUS• OUNIRW RRet Ott ANOINT CRID1 MIOuNT 01/21/04 RECENED UNITED STATES TREASURY NOTE 91282881.13 60.000.000 60,450,000.00 DUE 12/31/2005 1.875 1,875 DUE 12/31/06 10210559 A3 RESALE AGREEMEM 0 01/2144 DELIVERED UNTIED STATES TREASURY NOTE 912828803 -35.000,000 35,131,250.00 DUE 12/31/2005 1.875 1,875 DUE 12/31/05 FRG 10090688 A2 TERM RESALE AGREEMENT -n 01/21,104 DEUVERED UNITED STATES TREASURY NOTE 912828803 .60.000.000 60,450,030.00 12/31/2 1.876 DUE5 DUE 10052/31/05 1.87 C FRG 10210659 A2 RESALE AGREEMENT in 01/22/D4 JOURNAL UNITED STATES TREASURY NOTE ADJ POS NO 1/2144 9128288113 -60.000.000 1.875 DUE 12/31/05 01/26/04 01/23/04 SOLD UNITED STATES TREASURY NOTE 9128288M1 -10.000.000 100.63281 10,063,281.25 DUE 10, 15/2008 03.125% AO 15 ACCR. INT. 87,943.99 0988016192099 YEW 2.980 % TO MATURITY OVER REF 0 60231009 Al r 01/26/04 01/23/04 SOLD UNITED STATE TREASURY NOTE 912828816 .10,000.000 101.63516 10,163,516.63 5 VA NOTE ACCR. WT. WE 1215/2008 03.375%10 15 38.729.60 0988016192099 YEW 3.034 % TO PAATURITY GVER REF • 60231010 Al 01/28,04 O':23!04 BOUGHT UNITED STATES TREASURY NOTE 912828801 20.030403 100.88281 20,176,562.50 DUE 01/15/2009 03.250%11 15 0988018192099 ACCR. OTT. 19,642.86 YIELD 3.057 % TO NIATURTIY :WE° t'S' 4 CC23-0-, Al TOTAL 5.246.909.947.68 5196.177.363.82 i1Of04.0020 001 114,4 9a0S£OO- O19- ANGS In I8 b.) V.) 00 00 EFTA01320663 CLEARED T14,10:X.w RS W140U3 OWNED VJELSOWV OFFICE SERVICING MIR ACOXINT Bear. Stearns 6 Co. Inc. hist. swarm Steirm. C0,P ov, ~own QM« 1~ BffiR 383 Madison Avenue &Ofør. W. York 11201.1869 New York, Now York 10179 STBkRNS FINANCIAL TRUST CO INC 5 act STATEMENT Puma Armory 1.2004 NROUCal ~El, 30.2004 Transaction Detail (continued) ACCC~ NINSER ~AYER ~ER DI FM REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS LAST OrA117.40R with Bear,Stearns& Co.nc. DeWitt« 31, 2003 SMARM AO( aR OAR TM/GA[03N OLICISRON 311.420VOMP Rummy OM AMUR ORM »AOLIXT 01/07/04 JOURNAL UNITED STATES TREASURY NOTE 91282661.3 20000.000 19,900,000.00 FITG r3390.32 A2 1,625 OUE 099095 TERM REPO AGREEMENT 01/07/04 INTEREST UNITED STATES TREASURY NOTE 91282861.3 16,685.25 CUE 09/30/2005 1,625 0 RIG F3390432 A2 REPO INTEREST 01/15/04 JOURNAL UTRED STATE TREASURY NOTE 912828876 -10,000.ECO 10.200.000.00 5 YR NOTE 3.375 CUE Tama FRG F0150491 Al REPO AGREEMENT 01/21/04 MEREST UNITED STATES TREASURY NOTE 9128288U3 9.075.57 in WE 12/31/2005 1.875 FRG F0090688 A2 RESAIE MEREST 01/26104 JOURNAL UNITED STATES TREASURY NOTE 9128288M1 10.000.000 9.987.500.00 FRG F3180014 A2 3.125 DUE 10/15)08 TERM REPO AGREEMENT 01/26104 JOURNAL UNITED STATE TREASURY NOTE 9128288T6 1004;0.000 10.200.0430.00 5 YR NOTE r 3.375 DUE 12/1 906 RIG F0150491 A2 TERM REPO AGREEMENT 01/26.04 JOURNAL UNITED STATES TREASURY NOTE 912826691 -20,000000 20.100000.03 FRG F0260803 Al 3.250 PR 01/15109 REPO AGREEMENT 01/26,04 INTEREST UNITED STATES TREASURY NOTE 9128288M1 13.091.95 DUE 10115/2008 3.126 FRG F3180914 A2 REPO INTEREST _ LL1705£00 1619 JAGS 027 0141/0.a.20 001 EFTA01320664 69112ZOO-V1.43 0.1EAMD 11010L01 ITS WW0lLY On110 SUSSOARY MCC SERVICRiG YOUR ACCOUNT Beer. Steams & Co. Inc. Our. Sri kaolin Co.P On• Yotrowch Cm., ken BEAR 383 marfeton Avenue tool," /on rtrt 112014449 New Yaks New York 10179 STEARNS FINANCIAL TRUST CO INC 6 a• ETATf€Nt PerrOO January 1.2034 n4X01.131. January 30, 2004 Transaction Detail (continued) A0C0 ma waft TAXPAYEA WV/CA On fie REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (cantinued) LAST STAnnera Demme 31.2003 smarm! 1430E COTE DATE 14446441011 Ducaronos SYLICUCUSP OLUNITtt MOOS HAMM CREDO 01/26/04 INTEREST UNITED STATE TREASURY NOTE 9128281376 2.66333 5 YR NOTE DUE 12/1542003 3.375 C) Mt F0160491 A2 REPO INTEREST TOTAL S-40.120.120.53 530.309.075.57 MISCELLANEOUS -n DATE 1400AY TILMSC10.1 DISOsPrON 04011 MOU111 MINT Ali0v,IT C 01108/04 JOURNAL FRG ATM 155.420.00 in 01/12/04 JOURNAL FRG MAI 79.477.00 01113/04 JOURNAL 03TREASURY REBATE MG 19,611.26 01114/04 JOURNAL MG RTM 19,611.00 01/16/04 JOURNAL MG FRISI 32.492.00 01/21/04 DELIVERED FRG P00012456136 60.450.000.00 0210212825 POOL COUPON 1.8750 r FINAJCPIG NET PAROFF Of? 01/22/04 JOURNAL RIM TO FRG 181,068.00 0126/04 DELNERED MG PG0012525646 524.35 0210212825 POOt COUPON 3.1250 FROM M NET PAIROFF OFF 0127701 JOURNAL FRG FRIA 44.533.00 TOTAL 5-219.564.00 560.763.172.61 027 0131,p4:0020 001 ',SEA 8L170S£00 IND ANDS EFTA01320665 OL !EL:ZOO- Vida CLEMEN THREWN ITS WriCtLY CNNOJE SLELTI0Wty Dun SERVONG YOUR ACCOUNT Stet Stan Sonr4as Coy. Bear. Steams & Co. Inc. Melsetaen One Math On., BEAR 383 Madden Avenue BMW\ Nat Yet 11201.38SG Ma York, New York 10179 STEARNS FiNANCIAL 1RUST CO INC 7 ae tureen PROD January 1.2004 TNROUGH January 30.2004 ACCOLla MAWR TAXPAYER MAMA On Fte Your messages UST STARVINT December 11.2003 Averse; SIPC Account Protection Update Effective February 16, 200d, the commercial insurer through which Bear. Steams SeasitieS Corp. obtains excess SIPC protection wil change to Customer Asset PrOteClial Company rCAPC0'). a New York licensed insurance company. CAPCO has an A. financial strength rating from Standard and 0 Poor's. z -n End of Statement C in z -H r 027 ONINOPOI 20 NEI N7124 6LVOSE00- 019- ANGS to I8 IJ IJ --J EFTA01320666 CLEM= THICO011 next 0nD WILSOne Om Stew Sewn Cap. Ors inn On NOM emair. wve Tot 112014,50 FINANCIAL TRUST CO INC Bel 0 z -n STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r 007 01/310.0.X1 001 Vtite MOSE00- 019- ANGS IJ IJ IO EFTA01320667 SDNY,,00350.1 CONFIDENTIAL EF7A_00.3173 EFTA01320668