EFTA01320743

EFTA01320743 Statements SDNYGM,350556 CONFIDENTIAL EFT,00223248 OLEOS) onOucin as Mo.Av OwnED SUBSOARY OFFICE SERVICING YON ACCOUNT kit Storrs Sodium Cap Beer. Stearns & Co. Inc. BEAR 383 Madison Menuo Ore WAXMAN OYU( NEE grocer. New Vat 11131.365, STEARNS Nee TOIL Now Vat 10179 (212) 272-2000 R1E) 212.1C00 FINANCIAL TRUST CO INC ACCOUNT CaCuTNE GNMA GOVT BONO STATEAARIT new Hammett 29.2003 VISIT OUR %MUTE elevo.bearStearrIS.COrn THROW* DOCArtEr 31. 2003 ACCEANT WARM What's In This Statement 'hull...LIM hi TAXPAYER POWER On EAR LAST STATER/EAR November 28. 2003 Financial Summary 3 FINANCIAL TRUST CO INC Yotr Portfolio Holdings 4 C/0 JEFFREY EPSTEIN Transaction Detail 7 6100 RED HOOK QUARTER Your Messages 13 STE 83 ST THOMAS VI 00802 0 -n C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL VALUE OF SECURMES THIS PERIOD 18.601,283 Cash ■ fearvalen: —II 5380 1360 5280.444 Important Message It any reformation regarding 2003naterDSt. dividends. miscellaneous intorno. LONG ACCRUED MEREST 215.777 rnd 518.601,283 cross proceeds or original Income 515.453.004 issue duo= is reclined NET CRCREDITam ANC.- 380.860 to be reported to the IRS for Onto eerier value thiS account, a NET Eatery THIS PE CO 519.197.920 Consolidated Form 1099 Last statements market value r NET ECUTY LAST STATEMENT 15,882.704 wit be marled to Sou by February 2,2004or a 10425 by march 15.2004. CHANGE SINCE DST STATEMENT 3,315,216 There are no 'Stop Loss* orders or other pending buy or sell open orders on file for your account. LSSOSE00- 019- ANGS , nnvlsslat RIOAARRRIP PEPases city. n IP nal standee as a or want Tait earner manes reamer he yes mots Set testa sear Re hyntel rewrite - 02) 01.01/04.12:17 COI m IJ IJ IJ EFTA01320744 CLIA020 TKROuroi TS Anat./ 01040 SUBSOARY b✓.Sten Secs.lies Can. One Waste, Coln 1420n bstl2\ 7125 Vat 1t 201.3$19 (2111 27F1CCO FINANCIAL TRUST CO INC 2 el '3 O z ii STATEMENT BACKER IS PRINTED ON THIS PAGE C rn z -H r 8SSOSEOCIA19- ANGS 021 01101/01.12 17 C01 Vela 8 IJ IJ IJ O EFTA01320745 CLLUt7.0 IIIIK0014 ITS Wilte.LY PANTO SIAMDKRY OFFICE SERVO% YOUR ACCOUNT Bear. Steams & Co. Inc. sew. Siena Stant Lop. BEAR 383 Madison Avenue Neer York. New York 10179 One metsoier OYU/ NUT best Nee net 11201.3859 STEARNS (212) 272-2000 I212 2724000 FINANCIAL TRUST CO INC 3 Si, STATEMPO Pat° Nereter 29.2003 natOlX04 December 31, 2CO3 Ar , Use, We Cash Flow Analysis Income Summary Thes texPAYell MAMA isa trollop rEWQ YEAR A DATE LAST arsnoreitr rionnita. 20 2CO3 OpeningBalance 3280.444.12 Get. Agency nt. 529.120.88 9.461.836.30 Corp. Bone M. 240.687.70 1,401354.75 Seconds.% Sold 34.476.423.63 Ctodt Balance Int. 31.77 1.111.18 CivklerxhAnterist 769.840.35 Reverse Repurchase Int. 4.127.88 26.483.48 miscellaneous 114.93900 Total 8773.968.23 510.892.785.69 Amount Credited 535,361,202.98 z Bond Puthase Pt -93.803.74 -143,760.56 -n Secureies DriodendsInterest Charged -35.167.056.56 -93.680.63 Marge Int. Paid Repurchase M. Exp. .76.89 0.00 -76.89 -24.344.52 Miscellaneous -50.03 rn Amount Debited 3-35 2/30 787 18 Portfolio Composition z J Net Cal Activity Closinpalance 100,415.80 3380.859.92 Cash0ash Egterelert 380.860 Your Portfolio Fixed Income 18,501.283 Allocation Total 318.982 143 r Cash Balance Summary Cub &Eptelent 2% COOING inersin 280,444.12 380.86%92 Net Cash Balance 5280,444.12 $380.859.92 6SSOSEOCIA19- ANGS Fad Income 98% LI-eoliee cones *Mt We Aiwa veb own wale mint ”. aexacen ;reap le *noel sew Ire ecepee -at wee..• or lot ptelak, 027 0, rt17:74 17 17 001 Vti rn 8 IJ INJ IJ EFTA01320746 atmto 114.3434 rtS WW1 01•140 SOWDORY OFFICE SERVICING ‘CUR ACCOUNT 8w Stew Swat Coy. BEAR Bear. Seams & Co. Inc. Ole Mannacn Can* *MI 383 Madison AY411110 InC0404 Mew YOrk 11201.380 STEARNS New York New York 10179 (212) 272-2000 121212734CW FINANCIAL TRUST CO INC 40,12 sinlwina Pt WWI*/ 29.2003 1140440 Detente, 31.2003 Your Portfolio Holdings ACC0.80 !WIWI CASH 8, CASH EQUIVALENTS TAXPWA POWER On rde LAST STATT14/4 NO.mber 28. 2003 ES1114/01 CURADB MSCrien214 241012ant Olanniv YAM WW1 %COW TURD (10 CASH BALANCE 380.860 TOTAL CASH 8, CASH EQUIVALENTS 3380.860 FIXED INCOME -n Government & Agency Obligations mammon MCI 90249112 L$189929 wawa SYMMS. ME 0.104121 pm( 11/1612, OWE WIRES1 AMOMI D1COW 110.1) ne C FEDERAL HOME LOAN MTG CORP 31393FGB6 MRGN 10.456.946 10.4905 1.096.983 27.127 610.372 55.6410 rn SERIES 2526 CLASS SI DATED DATE 1001/02 BOOK ENTRY ONLY DUE 02/15/2032 5.937% FACTOR • .40629736 FEDERAL NATIONAL MEG ASSN 3136FALCH MRGN 1,971,241 85.1406 1.670.327 2 20 0.0012 STRP MTG SERIES 322 CL PO DATED DATE 03.01/02 BOOK ENTRY ONLY DUE 03/01t2032 .001% r FAcice . .EKOCKICOO FEDERAL HOME LOAN MTG CORP 31392R6U0 MRGN 36.766.242 3.6400 1.338.278 16.340 387,662 27.4728 SERIES 2471 CLASS YT DATED DATE 0607/02 BOOK ENTRY OM, DUE 03/15/2032 1 000% FACTOR .• .38768243 FEDERAL HOME LOAN MTG CORP 313927/32 MRGN 18.506.970 11.2865 2.088.679 55,235 1.265.253 60.5767 09SOSEOCIN9- ANGS SERIES 2488 CIASS SO DATED DATE 07/08/02 BOOK ENTRY ONLY DUE 0311512032 8.837% FACTOR . .37011943 011 0141/091217 071 1•18 rn 8 b.) V.2 41 b.) IJ EFTA01320747 CLEARED T) 0t n vartet CANSO MAMMY OFFICE SERVCR4G YOUR ACCOUNT Beer. Steams & Co. Inc. Ow Sierra Maims Cap. BEAR 383 Musson Avenue Ora IMt— Caner North MOM. Mr TM 11201.31119 STEARNS New York. New York 10179 (212) 272-2000 2123 272.1000 FINANOAL TRUST CO INC 5 0' 13 STAMEN? resew lantrber 29.2003 1100Lrai DeCtratet 31.2003 Your Portfolio Holdings (continued) AD:Ourr war/SER TAXPAYER KINSER Olatie UST ranwral Nitre., 28.2003 Government 8 Agency Obligations (cut:wed) ACCT ACCRUED L38WTW CURRENT COMPTION Swieoueuse ME OWNITIY Para rata/ MIA WIDIEST NORM Pena VELD Am FEDERAL HOME LOAN MTG CORP 3139276E2 MRGN 21,350,313 10.6137 2.266.065 55,389 1,246,218 54.9948 0 SERIES 2483 CL St DATED DATE 07/02/02 BOOK ENTRY ONLY 0 DUE 03/15/2032 5.837% FACTOR .37011941 FEDL HOME LOAN MTG CORP.503602 3128KVAB5 18294 3.249.317 79.9844 2.598,946 SERIES 223 CUSS PO DATED DATE 12/01/02 m BOOK ENTRY de DUE 12/01/2032 FACTOR - .64986351 C FEDERAL NATIONAL MTG ASSN 31393C2C6 MRGN 18.701,667 11.2571 2.106,258 18.259 1,095.544 52.0385 in Safi 2003-49 CUSS SW DATED DATE 04/30/03 BOOR ENTRY ONLY DUE 0112512033 5.858% FACTOR - .76940195 Total Government& Agency Obligations 513,172.536 5173.352 54.585.069 Corporate Bonds r DESCRIPTION SMIOUCUS, ACM Mt 014arry Ma UMW VALUE AO,IXD penny [STINTED IMMOICONE INN R 111.00E FANNIE MAE CMO/SERIES 2003-13 313921082 AARON 37.1113.425 14.6255 5.428.747 42.425 2,545,582 46.8908 S RCR4/0 FUR DATED DATE 02/25/03 BOOK ENTRY ONLY DUE 03/2512033 6.858% FACTOR - .74236851 T9S0SE00- O19-ANGS Total Corporatthonds 55.428.747 542.425 52.545.582 TOTAL FIXEDINCOME 518.601.283 5215.777 57.130651 OPP 01/01004.12 II an roil EFTA01320748 CLEARED THROC.3.4 nA w40. Onne0 SLILSCLUer OFFICE SERVICING YOUR ACCOUNT Raw. Warn Sinn*, Cos. Sear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 0*Monocr. Carter Nat PoaSn. Ix* Vert 11201.38SO STURNS (212) 272-2000 RIP 272-1003 FINANCIAL TRUST CO INC 6 of is STATENENT RER5OO Plocernber 29. 2CO3 *SOWN Deserter 31.2003 ?POWs! HAW TmPAYER MASER On Fie LAST STATEvENT November 28.2003 Your Portfolio Holdings (continued) YOUR TOTAL ACCRUED INTEREST 5215.777 YOUR TOTAL ESTIMATED ANNUAL INCOME 57.130.651 YOUR PRICEDPORTFOLIOHOLDINGS 518.982,143 -n Repurchase and Reverse Repurchase Transactions C with Bear, Steamsand Co.Inc. outstanding as of date of statement rn YOU PROVIDED PUROOSE/ START DM REPURCPASE DAR FAKING RATE PASPSE PRCEI RAwyµ ACCRUED REPO 'PIMP WPM Ina awn CUSP C(50;11,11011 FEDERAL HOME LOAN MTG CORP (MARGIN) 10/23103 OPEN 0.000 -51.655.000 31393FAF3 SERIES 2530 CI ASS SE 6.2375 02/1502 TOTAL REVERSE REPURCHASETRANSACTIONS SO SO TOTAL REPURCHASETRANSACTIONS SO SO 'Oa of usenet On r Z9SOSEOCIND- ANGS 021 01/01104:12:17 COI VIPS 8 IJ IJ IJ EFTA01320749 CLEARED TMIVJC.I. ITS ,wt O* 2O SLIBSIOCOAY OFFICE SEMI% YOUR ACCOUNT Bear. Steams & Co. Inc. Spa Stoarill Satan Cap. BEAR 383 Mackson Avenue New York. New York 10179 Coe Meut95:2 C•ra. PdaTh Orman New Yen 11201.3259 STEARNS (212) 272.2000 / 1212 729C00 FINANCIAL TRUST CO INC 7 or ,2 frATEME9T PERO° Noktfrair 29.2003 TMOUON Oments 31.2003 Transaction Detail 9030SIT PUMPER FILM TAXPAVOR MAW INVESTMENT ACTIVITY US! stmentwr Nowt 29.2003 SETTLOIElli TRACE OAIE DATE 0.5.21.9002 DILSOUPTION svueouctse. Munn, Pan DENT AMOUNT aata maw 12/04/03 12/01/03 SOLD FANNIE MAE CMOSERIES 2002.82 313921573 .14,242,198 11.43750 1,628,951.45 SK-I0 FLT/ DUE 10/25/2031 06.931% ACCR. INT. 24.679.06 0987021011332 REF • 2103120146410000 BS AS OF 121018)3 12/05/03 PRINCIPAL FEDERAL NATIONAL MTG ASSN 3136FALG1 49.948 SIRP MTG SERIES 322 CL PO 0.001 WE 03/01/32 ii 12/05/03 PRINCIPAL PAW/PAL REDUCTN 12.2543 1601 HOME LOAN MEG CORPOS03602 3128HVAB5 -59.396 SERIES 223 CUSS PO DUE 12/01/32 C PRINCWAL REDUCTN 12-15-03 in 12/05/03 JOURNAL FANNIE MAE C1.40/553ES 200242 5140 FLT/ 6.931 DUE 10)25/31 31392F573 1 WAIST P05111011 1205703 . JOURNAL FANNIE MAE CMO/SERIES 200242 31392F573 1 5140 FUR 6.931 DUE 10/25/31 12/79/03 JOURNAL FANNIE MAE CMO/SERIES 200242 313921573 -1 r SSW FUR 6.931 DUE 10/25/31 12/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392R6U0 -1.480.000 SERIES 471 CAASS 1.000 DUE 03/1932 PRINCIPAL MUM 12.15-03 12/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392R6U0 -302 SERIES 71 CLASS Yr E9SOSEOCIN9- ANGS 1.000 DUE 03/15/32 PRINCIPN. MUM 12.1SO] 12/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 3139216E2 -848.004 SERIES 2483 CL SL 5837 DUE orisrs2 P88404PAL REDUCTN12-15-03 020 01.01/04:12.17 Colt YNe I8 IJ IJ IJ EFTA01320750 0.fARED TISIOUGH !TS ' man' OM AO SuerScamtv WEE SERVICING YOUR ACCOUNT Beer. Steams & Co. Inc. Put Reims Trecurbts Co. BEAR 383 MadTson Avenue New Veit. New York 10179 tileeccein Cone us.? Omar. AM Tort 11201-H39 STEARNS (212) 272-2000 0121 272.1000 FINANCIAL TRUST CO INC 8 cr 13 STATEMENT PIT= timentter 29.2003 ToRK4104 ORCRon0er 31.2003 Transaction Detail (continued) ACCCEPIT WRIER TAXPAYER NASD, On Fie INVESTMENT ACTIVITY (condnued) LAST summer kowtow. 28.2033 SETROJET0 TRADE WE art 110NSALICRi 0002101101 STWOUCUSIP OUARRTT Pt MR WOOS CRUX APA3Uhl 12/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392T332 -735.030 SERFS 2488 CUSS 50 6.837 DUE 03)15/32 PRINCIPAL REDUCTN 12-1543 0 12/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERFS 2526 CUSS Si 5.837 DUE 02/15/32 31393F686 -370.995 PRINCIPAL REDUC1N 12-15-03 -n 12/15103 PRINCIPAL FEOL HOME LOAN MEG CORPSSO3E02 SERIES 223 CUSS PO DUE 12/01/32 3128MB5 59.396.20 PRINCIPAL PAYMENT 12.15.03 C 12/18103 12118/03 BOUGHT FANNIE MAE CMOISEFTIES 2003-13 31392101(2 37.669.355 rn 14.50000 1462.055.55 S RCR.V0 MR ACCR. INT. 93603.74 DuE 03/25/2033 06.881%. 0987797115332 REF • 2033121846030000 DS AS OF TO 12/1863 SD 12/05/03 Pm COMPUTED TO 12/06/03 12/25/03 PRINCIPAL FEDERAL NATIONAL MEG ASSN 3136FAL01 69.948.10 STRP MPG SERIES 322 CL PO 0.001 DUE 03/01/32 PRINCiPAL PAYMENT 12-25-03 r 12126/03 PRINCIPAL FANNIE MAE CMO/SER1ES 2003-13 S RCR-LO FUR 31392/052 .550.930 6.801 DUE 03125(33 PRINCIPAL REOUCIN 12-25-03 12/26/03 PRINCIPAL FEDERAL NATIONAL MTG ASSN 31393C2C6 -277180 SERIES 2003.49 CLASS SW 5.881 DUE 01/25/33 PRINCIPAL MOULIN 12.25.03 P9SOSEOCIA19- ANCIS TOTAL 3.5.555.660.29 51.782.974.81 027 010104 12 II 001 Viii En 8 IJ V.2 IJ $'• EFTA01320751 CLEARED nacucn RS ovate OneiN) Sue.310WIT OFTiCE SUCRE YOUR ACCOUNT Bear. Steams & Co. Inc. Um Steers Utterer Cep. BEAR 383 MaErson Avenue one Iteracce Ceett Moen New DY 20 311 STEARNS New York, Nov. York 10179 (212) 272-2000 272-1010 FINANCIAL TRUST CO INC STATIDAPer PETIO0 Nonmber 29. 2003 motcvaii Oteerober 31.2003 Transaction Detail (continued) ACCOUNT eleMER TAXPAYee NYC/ on Re INTEREST twr STATEIMMT November 28. 2003 011E OEMS:PM' 311410440, OMMTIN IMIL DENT AMMAR CALM MOON 12101)03 AVG BM. 124,272RT 0.307 31.77 0 12/15/03 021 COTE MEREST 1103 FEDERAL HOME LOAN MTG CORP 31392R6W 7=00 31.855.45 0 SIRES 2471 CLASS Yr DUE 03/1542032 1.003 MEREST PAYMENT 12.15-03 12/15/03 FEDERAL NOME LOAN MTG CORP 3139216E2 5.8370 108.771.75 SUES 2483 CL St m DOE 03/152032 5.837 MEREST PAYMENT 12.15-03 12/15/03 FEDERAL HOME LOAN MEG CORP 373927732 C SERIES 2486 CUSS SO 01E03/15/2032 6.837 6.8370 770,315.08 in 12/15/03 MEREST PAYMENT 12-15-03 FEDERAL HOME LOAN MTG CORP 31393FAF3 6.2370 18873.47 SERIES 2530 CLASS SE DUE 07115/2032 6.237 MT RID 11-03 P1012-15-03 REPO P6 I 6.2800 12/15/03 FEDERAL ROME LOAN MEG CORP 31393FAF3 6.2370 113,730,20 SERIES 2530 CLASS St DUE 02/15/202 13237 r INT RO 11.033P/D 12-15-03 REPO P & I 6.2800 12/15/03 FEDERAL HOME LOAN MTG COPP 31393F086 5.8370 53.056.97 SERFS 2526 CLASS SI DUE 02/1502032 5.837 MEREST PAYMENT 1245-03 72/26/03 FANNIE MAE CAC/SERIES 2003-13 31392/D1C2 6.8810 216.008.64 S ACR.90 FLTR S9SOSEOCIN9- ANGS WE 03/25/2031 6.881 MEREST PAYMENT 12-2503 12/26/03 FEDERAL NATIONAL MTG ASSN 31393C2C6 5.8810 93.018.08 SERIES 2003-49 CLASS SW DUE 01/25/2033 5.881 MEREST PAYMENT 12-2103 021 01.01404.1317 001 Vile 171 8 IJ ts7 44 IJ Lit —7 EFTA01320752 0.EARED THROWN rrs WHOLLY 0-c Sunto.11Y MICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. Bow Sawn Season Cap BEAR 383 Madson Avenue New Yoh. New York 10179 Clne1Aetrtmeth Caw WI. erceUr. Pam Yen 112O14959 STEARNS (212) 272.2030 121 21 272.1020 FINANCIAL TRUST CO INC 10 o' STATBAEnrr PEROO Neyernbe 29. 2003 T1000:4 Corte 31.2003 Transaction Detail (continued) ACCOUNT 'AMBER TAXPAYER wuelAR On Fie INTEREST (ccounued) Ler STATEAWNT NOWATto 28.2033 DAZE OESCIPTOO1 sYmativano Olittarn RATE 09 CM AMOUNT CISCO Aare 12/31/03 AVG BAL 23.71687 3.765 76.89 021 OFFICE INTEREST 1203 TOTAL 346.89 5745 161.29 0 REPURCHASEAND REVERSE REPURCHASE TRANSACTIONS with Bear,Steams& Co. Inc. it SETTTOOTT DATE T ax DATE DIAMACTOON OESCR•11011 SAMOLOSP ROM AWAIT CREW AMOUNT C 12/04103 JOURNAL ADP CO FUM-PR F3383167011 8888888 1.800030.00 rn 12,09/03 JOURNAL 8.625 DUE 12/31/49 207442002 ADP CD 8888888 3.989.000.00 F111.4.PR F2753181010 8.625 DUE 12/31(49 2074420692 12/09,03 JOURNAL ADP CD 8888888 3,989,000.00 FIT/APR F27531131012 8.625 DUE 12/31/49 2074420692 r 12/09/03 JOURNAL ADP CD FITMOR F2753181010 8888888 3.989.030.03 8.625 DUE 1201/49 2074420692 12.09/03 JOURNAL ADP CD 8888888 4.208000.00 FITM4R F275318101R 8.625 DUE 12/31/49 2074420692 99SOSEOCIA19- ANGS 12/09/03 MEREST ADP CD 8888888 2,177.33 WE 1201/2049 8,625 F11).4-PR F2753181010 2074420692 11122 01101/01:12:17 201 rri 8 IJ LaIJ EFTA01320753 0-FAILSO rieta.r.sr rrs vnifyav Oman SIALSrmotv OFFICE SERVIC/VG YOUR ACCOUNT Bear. Steams & CO. Inc. ear Stan Secultes Cap. BEAR 383 1.40060n Avenue De Motets." Cents NMI, &WO" Ma, Vert 11201.3651 STEARNS New York. New York 10179 (212) 272.2000 alb 272.1000 FINANCIAL TRUST CO INC STATEUE4T PERM> Names 29.2003 nyveu0.4 OR:mew 31, 2053 Transaction Detail (continued) ACCCr.isa mAerit TwArcst mAsicet On Fie REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) LAST ST/S[5nm November 28. 2003 3271102.1 Moe OAT! DATE liwySiLmen OfSOVIIION Sitilet20.21, OW11410Y cf 07 NA3usi Mon Mwa 12/10103 JOURNAL ADP CD 8888888 4,208,000.00 FITM.PR F27$318101$ 8.625 CUE 1201/49 2074420692 12110103 JOURNAL ADP CD 8888888 4.208030.03 FITMPR F2753181011 049122/31/49 8.672u5 2 20 -n 12/10/03 .0URNAL ADP CD FTTMPR F275318101U 8.625 DUE 12/31/49 8888888 4.203.000.00 2074420692 C 12/10/03 JOURNAL ADP CD rn tome /275318101V 8.625 DUE 12/31/49 2074420692 8888888 4.240.000.00 12/10/03 INTEREST ADP CD 8888888 118.06 Out 12/31/2049 8.625 FIDA-PR F2753181015 2074420692 12/17/03 JOURNAL ADP CO 8888888 µ 1,800,000,00 FITIA-PR F3343187013 r 8.625 DUE 12/31/49 2074420692 12/17/03 JOURNAL ADP CO 8888888 4.248000.00 FITM.PR F2753181016 8.825 CUE 12/31/49 2074420692 12/17/03 JOURNAL ADP CD 8888888 4240.00000 Fine-Pe F2753181019 L9S0SE00- O19- ANGS 8.625 WE 12/31/49 2074420692 12/17/03 JOURNAL ACP CD 8688888 4.240.000.00 nol•PR F275318101%9 625 DUE 12)31149 2674420692 027 01101/01:Itli Vele Fn I8 IJ 1.2 IJ EFTA01320754 CLEARED TeOlOtiOn 113 *KW, WACO SLAISIOLUIV OFFICE SERVICING YOUR ACCOUNT Beer. Steams & Co. Inc. W. gene Stone W. BEAR 383 Manson Avenue Now York. New York 10179 One MOnacn Cote hot Boon" Mn YeA 11201.311,10 W21272-100) STEARNS /212) 272.2000 FINANCIAL TRUST CO PIC 12 a -/ STATOENT PEFOCO PlOvernbet 29, 2003 114C4,314 Dwente 31.2001 Transaction Detail (continued) AOCOUNT MASER werxesi Tutwwt On Fie REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) LAT summer Now/to 26.2003 SITRDIDer MAO( DATE 11tAletliON CESCRIPDON SnASC&X4sp OUMIITY Min WOUPO CAJON M10011 12/17/03 JOURNAL ADP CD 8888888 6,040,000.00 FIE11-PR F275318101c 8.625 OA 12/31/49 2074420692 12/17/03 INTEREST ADP CO 8&88888 654.50 DUE 12/31/2049 8.625 FITL&PR F3183167013 2074420692 -n 12/17703 INTEREST ADP CD OM 12/31/2049 6.625 111/4-PR 12753181011N 8888888 837.40 2074420692 C 12/19/03 JOURNAL ADP CD 8888888 980000.03 rn FEM-PR 12753181014 8.625 DUE 12/31/49 2074420692 12/19/03 JOURNAL ADP CD 8888888 0040030.00 FTTMPR F2753181010 8.525 DUE 1231/49 2074420692 12/19/03 INTEREST ADP CD 8888888 340.59 DUE 12/31/2049 8.625 r FIDSPR F2753181014 207442CE 2 TOTAL 5-29,705.010.00 532.718.127.88 MISCELLANEOUS 89S0SE00- O19- ANCIS DArt PACIMAY rwaSACTON OCICR•110“ Na! MaXieT CREDO NaP/1 12/08/03 JOURNAL FITS RIM 114,939.00 091 OW104.12.17 001 V010 I8 IJ V.) IJ a O EFTA01320755 CLANK° ”f1014.04 vocur Own.") SIASOARY OFFiCE SEAM% YOUR ACCOUNT Dm. Sere Senstin Cap. Bear. Sten & Co. Inc. BEAR 363 Madam Avenue New York, New Yak 10179 On ilentech Wow Nath ender% POW nrk 11201-MS9 STEARNS (212) 272-2000 121212724CM FINANCIAL TRUST CO INC 13 au rflnwc PERO° Ucierrect 29. .2003 7)4,10.4.4 Decb.150, 31.2003 Transaction Detail (continued) ACCOLNT romea TAxpAyei r.....erot On Ile MISCELLANEOUS (contireed) LAST 8TATE‘lev7 123/ember 28. 2003 am /CMAY 11WCACTION DESCKPIXN COB NAOMI OEM ANIOUM 12/11/03 IOURNAL NOV.03 SPEC CLEARING FEES 50.00 TOTAL 5.50.00 5114.939.00 0 -n Your messages C Excess SIPC Account Protection Update rn Bear. Stearns Securities Corp. flitSSC). a member of the Securities Investor Protection Corporation rsipm. provides account protection for the net equity of a customers funds and securities positions. SIPC provides $500,000 of primary net equity protection. including 5100.000 for claims for cash (-SIPC Coverage). Visit mwr.sipc.org for mere information about SIPC Coverage. BSSC provides the additional protection (*Excess SIP(*) through a commercial insurer. Effective February 16. 2004. the convnercial insurer for Excess SIPC will change to Customer AsSet Protection Company (CAPCO), a licensed New r York insurance company. Account protection applies when a SIPC member firm fails financially and is unable to meet its obligations to Its securities customers, but does not apply to losses from the rise or fall in the market value of investments or to SIPC ineligible assets such as options, futures, foreign exchange transactions. or any investment contracts that are not registered as securities. 69SOSEOCIA19- ANGS End of Statomen 027 01.01,04 12,17 COI '4/ EFTA01320756 CEASED /NAOMI ES %MOLLY ow. SLOSCWIT CfnCE SERVICING YOUR ACCOUNT Be.. Steams & Co. Inc. SOM. steams sunray; C@ BEAR 383 Watson Avenue New Yoh. New York 10179 One utectem Cow MAT ertoMp. Nes York 11201.3869 0 121 272.1oto STEARNS (212) 272.2000 FINANCML TRUST CO INC ACCOUNT EXECUTIVE GNIA4 GENT BOND avatmeer MOOD Norembre 1.2003 VISO OUR WEBSrrE worm.tearstearns.corn THROLON NOANTIE01 21 2003 ACCOVAI WISER What's In This Statement IIIIIIIIIIIIIIIII TASTER mad On Fie LAST STATEMENT Odoba 31. 2003 Financial Summary 3 FINANCIAL TRUST CO INC Your Portfolio Holdings 4 GO JEFFREY EPSTEIN Transaction Detail 7 6100 RED HOOK QUARTER STE 83 ST THOMAS VI 00802 -n C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL VALUE OF SECURITIES THIS PERIM 15.453.004 ado basin s200.4.44 5450.076 LONG ACCRUED INTEREST 149.256 ni" 516.153.006 NET CREDIT BALANCE 28D444 Income I S16.07SAIM • Current menet glue NET EQUITY THIS PERIOD 815.882,704 888 Lau staternerel markm value r NET EQUITY LAST STATEMENT 16,731,773 cRme,t SINCE LAST STATEMENT -849.069 There are no 'Stop tees' orders or other pending buy or sell open orders on rile for your account. OLSOSEOCIA19- ANGS ars TIE summary is la &Namara, Anna ow. II If am Memel Haw sconne. TEA nenos 043.0d be reshed for yea naves see nevem se sr evolve aftnuenn 027 112903'.0613 COI I S IJ IJ 41 IJ IJ EFTA01320757 cliARCO OUCH ITS wi.O.LY °ANC) SLAIODWre her. Some Omni's Cap. One 16:oton, Cater *Oh lbecityn. Na' at 11201.3659 ROO 2g1000 FINANCIAL TRUST CO INC 2&2 0 -n STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r ILSOSEOCIN9- ANGS VOW 8 b.) IJ b.) 0", EFTA01320758 CLEARED DMUS, SS SOLO' SSD SUIRMARY MICE SF_RviCaNG YOUR ACCOUNT Sw. Ss. Seim Os Bear, Stearns & Co. Inc. BEAR 383 Madeon Avenue Nev.Yak. New York 10179 One L'Asifth Cos 'AS SSA. Net VS 11201-31dfl STEARNS (212) 272-2000 12123 212.1003 FRANCK TRUST CO INC 3 v2 STATE'S/3 AIRCO Flawnter 1. 2003 'SOUGH Ncrembei 29.2003 AcCOLs TAMES Cash Flow Analysis Income Summary This TAOAVER rated On Fie INS Patio eEegO cw io tett LAST nines October 31.2003 OpeningBalance 5450.076.34 Gent. Agency Int. 552.396.94 8.932.715.42 Cap. Bone Int. 85.430.29 1.162.667.05 Securities SolO 101.312.656.87 Credit Balance Int. 51.68 1.079.39 Di/Wends/Interest 637.878.91 Reverse Repurchase Int 2.398.77 22.35&50 Miscellaneous 204.899.00 Total 5640.277.68 510118.817.46 Amur% Credited 5102,155,234.78 Bond Purchase Int. 0.00 -50.156.82 Repurchase In. Evp. 0.00 -24.344.52 -n Semites Bauchi Miscellaneous -102.136.500.00 -188.367.00 C Amount Debited 5.102.324.867.00 Portfolio Composition rn Net Cash Activity -169.632.22 Cash1Cash EquNatent 280.444 ClosingBalance 5280.444.12 Feed Income 15.453.004 Your Portfolio Total 515.733.448 Allocation Cash Balance Summary r CS'S CLOSNO Cash & Eqtrwaksnc 1% Mare^ 450,076 34 280.444.12 Net CashEtalance 5450,075.34 5280.444.12 ZLSOSEOCIN9- ANGS Sued Scorns 99% 64,N0t4 ATOM One OM`. bar,* NC, POI sox t. tN alce.O4a yeetaintip 4 Ce0.0 Tan Te 'Moine rate val. it Intsa >stole 021 it7e030.1 43 CO1 1118 I8 b.) V.) IJ a EFTA01320759 CLEARED TKAGJOH ITS maLY awe Susscwrf OFFICE SETMCING YOUR ACCOUNT Ser. Sams Scones Co". Bear. Szearns & Co. Inc. BEAR 383 Medium Avenue Ox MOncecn Cm•ma kw" BrccOpt Ike Volt 11201.3859 STEARNS New York New Yoh 10179 (212) 272-2CCO 0721 272.1080 FINANCIAL TRUST CO INC 4 a •t STATEMENT PER100 Plaostnta 1.2003 n.R0u0.1 Nuance 28.2003 Your Portfolio Holdings A^ODuNT NAM= CASH & CASH EQUIVALENTS TA9Arriit *sus= LAST STATINDENT Ocoee 31, 2003 MAWS ESTAM.TED CIAREsa &SCRIM/. S1A9Il.CLSW OJANTin, PRICE %mat INN04.•(CUE tern It) CASH BALANCE 280.444 TOTAL CASH & CASH EQUIVALENTS $280.444 FIXED INCOME -n Government & Agency Obligations ACCT ACCPIED ESTIMATED CLIMEME DESOVPTON SEVOCUCUSM TYPE CRUNIITY Pba C FEDERAL HOME LOAN MTG CORP 31393FG86 MRGN 10,827.941 10.5177 MART VkUE 1.138.856 ertiltEST 22.991 41118/81.11COLE 636,683 MEND nu rn 55.9055 SERFS 2526 MASS SI DATED DATE 10/01/02 BOOK ENTRY ONLY DUE 02/15/2032 SAX" FACTC0 - .42071211 FEDERAL NATIONAL MTG ASSN 3136FAL01 MRGN 2.041,189 83.3750 1.701.841 2 20 0.0012 STRIP M SERIES 322 CL P0 DATED DATE 03/01102 BOOK ENTRY ONLY DUE 03/01/2032 .001% r FACTOR - 1,00000000 FEDERAL HOME LOAN MTG CORP 31392R6U0 MRGN 38228,544 3.6983 1,413,715 13,800 382.265 27.0397 SUES 2471 CLASS YT DATED 011E 06/07/03 BOOK ENTRY ONLY DUE 03/15=2 1.000% FACTOR - .38226545 FEDERAL HOME LOAN MTG CORP 313927/32 MRGN 19,241.000 11.3871 2.190,993 47.800 1,323.781 60.4182 ELSOSE00-019-ANGS SERIES 2488 CLASS 50 DATED DATE 07)06)02 BOOK MIRY ONLY OUE03152032 6.880% FACTOR - .38482003 027 T1/20.0301843 OD, 8.111 I8 b.) IJ IJ EFTA01320760 CLEMIO fl tin 4r$ WittLY OMCD SUSSOWCY OFFICE SERVICING YOUR ACCOUNT int San Slane Corp. Bear. Stearns & Co. Inc. BEAR 383 medium Avenue New Ycrk. New York 10179 Ore Morsetecn Orin ONO Itootryn. Nat IV% 11201.31M STEARNS (212) 272.2000 212) 272.1000 FINANCIAL TRUST CO INC Sc'" STATEMENT PER)00 ricsember 1.2003 loiROLKNI Ntreoutorr 28.2003 Your Portfolio Holdings (Continued) WONT NuIMER TRINCIER MAGER On Fae 1.LST SUMMIT OCtC 31.2003 Government G Agency Obligations (conlinU838 ICCI ACCRIXD unarm cuteurr DESCRIPOON SYMIOUCUSI• nsE OLUNTITT PIECE MAIM VALUE INTEREST MOUE WWI IRO ny FEDERAL HOME LOAN MTG CORP 31392T6E2 MRGN 22,198,317 10.6633 2.367.071 47.134 1.305,261 55.1425 SERIES 2483 a. Si. DATED DATE 07/02/02 BOOK ENTRY ONLY 0 DUE 03/15/2032 5.8808 FACTOR - .38482002 FEDI. HOME LOAN MTG CORD/503602 3128KVA85 MRGN 3.300,713 77.5781 2.566,838 SERIES 223 CLASS PO ii DATED DATE 12/01/02 BOOK ENTRY ONLY DUE 12/01/2032 FACTOR . .66174275 C FEDERAL NATIONAL MTG ASSN 31393C2C6 MRGN 18.979.247 10.6704 2.026.866 9.302 1.116.170 55.0688 in SERIES 2003-49 CUSS SW DA= DATE 04/3403 BOOK ENTRY ONLY DUE 01/25/2033 5.881% FACTOR . .78082180 Total Government& Agency Obligations S13.406.180 5141.029 14.764.180 r Corporate Bonds cites:Mei 51410110.6IP OCC1 OPE MINIM ME IMO! VA LI ACCRIAD POIRIES1 ESTIVATED MOM INOUE CLIMENT HILO tra FANNIE WE GAO/SERIES 2002-82 31392F573 MRGN 14.242.197 14.3715 2.046.824 8.227 987.127 48.2273 5K-VD FLTR DATED DATE 1802)02 BOOB ENINI ONLY DuE TO/25/2031 6.931% FACTOR - .56968794 VLSOSEOCIN9- ANGS Total Consorategonds 52.046.824 S8,227 5987.127 TOTAL FIXED INCOME $15.453.004 $149.256 15,751.307 027 1/ /211,33 00 43 DOI VIII EFTA01320761 =ARCO THROWN ITS WHOLLY OwNE0 EUSSOARr OFFICE SERVICING YOUR ACCOUNT Y. Warfel Se0ats Cep Bear. Steams 6 Co. Inc. BEAR 383 MediUm Avenue New York. New York 10179 Cose MenteCh COW Seep Inx0p. Fes Ten 112013059 STEARNS (212) 272-2000 P12I 2124020 FINANCIAL TRUST CO INC 6 STATEMENT PIRICO Nweenba 1.2003 THROUGH Navernbit 28.2003 si:COuvr MEW OSAKA MAW On Fie usT sueraarrn October 31.2033 Your Portfolio Holdings (continued) YOUR TOTAL ACCRUED INTEREST 5149.256 0 YOUR TOTAL ESTIMATED ANNUAL INCOME 55.751.307 0 YOUR PRICEDPORTFOLIOHOLDINOS $15.733.448 1 1 Repurchase and Reverse Repurchase Transactions C with Bear, Steamsand Co.Inc. outstanding as of date of statement in YOU PROVIDED PURCHASE/ 51.4AT DATE RCPUROPSE 031E PPM RATE PURCHASE PPM MCP% aRUt0 ROO POIRESP COWIN (Fka AMPOO) CUSP DESCRIPTCN FEDERAL HOME LOAN MTG CORP (MARGIN) 10/23/03 OPEN 0.000 .51.655.000 31393FAF3 SERIES 2530 CLASS SE 6280002/15132 TOTAL REVERSE REPURCHASE TRANSACTIONS SO SO TOTAL REPURCHASE TRANSACTIONS SO SO As el nisei as r SLSOSE00- 019- ANGS 027 11/29C0:011:43 001 PPS 8 IJ IJ IJ --3 EFTA01320762 CLEARED Tart003n ITS ~LIP OWNED SUESOMRY OFFICE SERVICING YOUR ACCOUNT Bee. Storrs Sacuiler Gera Bear. Steams & Co. Inc. BEAR 383 Madison Avenue New Tat New York 10179 Ora hinvirch Reno 1100 Orralat ret rot 11201.3359 I218 2/2-1030 STEARNS (212) 272.2000 FINANCIAL TRUST CO INC 7 • STATENENT FiN00 13:Avnite 1, 2003 THROUGH »~nter 28.2003 Transaction Detail Arent« TILMSER TAXPAYER MAW On IMe INVESTMENT ACTIVITY LAST STATEMENT October 31.2003 SIT1104IN1 not OM DAN IRANSACI1ON OGICRINI011 STULCULNIS• OUNclov Pact OCBR AMOUNT MDR FACUMr 11/07/03 PRINCIPAL FEDERAL NATIONAL MIG ASSN 3136FALCH -100.887 STRP MIG SERIES 322 CI. PO O CO1 DUE 3/01/32 PNINCIML 0 REDUCTN 11.2543 0 11/07)03 PRINCIPAL net HOME LOAN IATG CORP#S03602 ~S 223 CUM PO DUE 12/01132 312132IVA85 41.871 PRINCIPAL REDUCIN 11-15-03 11113/03 10t16/03 CANCEL SELL FNMA-30YR(FN1AMGTO 51198784 40.000.000 100.12500 40.050.000.00 SEN.11/03 DUE 11401/2033 05.500% 0987280211332 REF • 2003101646340000 BS AS OF 10/1643 in 11/13/03 10)07/03 BOUGHT TO CM PRE1nOuS SELL FI424.440YR(TNMA)GD SETT.11/03 52498784 40.000.000 100.59375 40.237.500.00 DUE 11/01/2033 05.500% 0987280211332 REF • 2C03100746180020 BS 11/1103 10/15/03 SOLD FNMA-30YR(FNMAXTD 5N98784 -40.000.000 100.12500 40.050.000.00 SETT.11/03 DUE 11/0112033 06.500% r 09872E4211332 REF • 2003101646340000 BS 5N98784 .40,000.000 11/13/03 10/07/03 CANCEL BUY FNMA-30YINFIRINCTD 100.59375 40.237.500.00 SETT11/03 DUE 11/01/2033 05.500% 0987280211332 REF # 20031007441~0 BS AS OF 10137/03 TO at PREVIOUS BUY 9505£00- IN9- ANGS 11/17/03 PRINCIPAL FEDERAL HOME LOAN MIG CORP 313928600 -1.910.000 SERIES 2471 CLASS YT 1 COO CUE 03/15/32 PINNOPAL REOUCiN 11.15-03 021 11~43 031 VIII En 8 b.) .„ IJ b.) 00 EFTA01320763 REARED 1701020n us wHOLLY 0•4220 Suldmany OFFICE SERVICE YOUR ACCOUNT Bear. Steams b Co. Inc. eme.Smtreg Swann% Cap. BEAR 383 Mackson Avenue One Motet), Cam NMI &DAM Km Yon 112014859 STEARNS New York. New York 10179 (212) 272-2000 C212:1272-1C03 FMANCIAL TRUST CO INC STATES" PMCO NO.C.,04/ 1. 7003 n a0u071 NcamMe 28. 2033 Transaction Detail (continued) ACCOusa Main TAXPAYER twos On me INVESTMENT ACTIVITY (continued) LOST STAMW.7 netnNer 31. 2203 SE1TUNENT IMM OAIF EWE mmeacncei DESCIMM* SYMIOUCUSP COMM ACE CES2 µi0UM CIMX1 220.20 11/17103 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392R6U0 -818 SERIES 2471 CLASS YT 1.000 DUE 03/15/32 PRINCIPAL REDUCTN 11-15-03 0 11/17103 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SL 5.880 OLE 03115132 31392TITE2 -1,109,000 PRISCIPAL REDUCIN 11.15-03 -n 11/1703 PRINCIPAL FEDERAL HOME LOAN MEG CORP SERIES 2483 a. Si. S.880 ODE 03/15032 3139216E2 -620 PRINCIPAL REDUCIN 11-1803 C rn 11/17103 PRINCIPAL FEDERAL HOME LOAN MTG CORP 313927/32 -961.794 SERFS 2488 MASS SD 8880 DUE 03115/32 PRINCIPAL MDUCTN 11-15-03 11/17/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393FGEM -527.288 SIRES 2526 CLASS 54 5.810 DUE 03115/32 PRINCIPAL REDUCIN 11.15-03 11/17/03 PRINCIPAL FEDL HOME LOAN MTG CORP/503602 3128HVA85 61.87110 SERFS 223 CLASS PO r ME 1201/32 PRINCIPAL PAYMENT 11.15-03 11/25/03 PRINCIPAL FEDERAL NATIONAL MTG ASSN 3136FAL01 STRIP MEG SERIES 322 CL PO 100887.00 0001 OM 03/01/32 PRINCPAL PAYMENT 11.25-03 11/25/03 PRINCIPAL FANNIE WE CATO/SERIES 2002-82 31392F573 -550,926 SK-DO FUR LLSOSEOCIND- ANGS 6.931 DUE 10/25/31 PRtiCPAL REDUCIN 11-25.03 027 11/2102MOM3 CM Vele En b.) IJ b.) EFTA01320764 CLUJ= ninctrai ITS ARRAY OARED SLIPLORRY OFFICE SERVICING ICOR ACCOM &v. Sten SeCuRltet Cap. Beer. Stearns & Co. Inc. BEAR 383 MacNal Avenue New York. New York 10179 ere wrote*. Cam 11(M fittonpt Nit Tat 11201.3659 STEARNS (212) 272-2000 R121 21Z.10:0 FINANCIAL TRUST CO INC 9 a-2 STATIMIPI PIRKO 'Jaw*. 1.2003 1NROuCp. NCEfle 28.2003 Transaction Detail (Continued) AOSCOET TIMM rAwmyr, WESER On nlp INVESTMENT ACTIVITY (o3nUover8 LAST summer °actor 31. 2003 SMI04Pri utoot DAR DATE MAXSACPT.1. DISCRW311 SERSOUT.USP RAPIER. PRICE CURT WOW CRID11 ACNE 11/25/03 PRINCIPAL FEDERAL NATIONAL MTG ASSN 31393C2C6 -354.146 SERIES 2003-49 CUSS SW 5.881 DUE 01/25133 PRNWAL RECOCTN 11-25-03 TOTAL S-80.287.60000 580.450.258.10 INTEREST -n stwoouCuSw DATE OESCR•tali WWITTY RATE RR DEW PAMIR MIXT Name C 11/03/03 AVG 8AL 216.567RT 0.358 61.68 in 11/17103 021 OFFICE MEREST 1003 FEDERAL HOME LOAN MTG CORP SERIES 2471 CUSS YT 31392R6U0 1.0000 33.447.9.3 WE 03/15/2032 1.000 INTEREST PAYWD/f 11-15-03 11/17.03 FEDERAL NOME LOAN MTG CORP 31392T6E2 5.8800 114,20589 SERIES 2483 CL St DUE 03/15/2032 5.880 MEREST PAYMD/T 11.15.03 r 11/17/03 FEDERAL HOME LOAN MTG CORP SERIES 2468 CLASS SO WE 03/192032 6.680 313921132 6.8800 115829.36 MEREST PAYMEN1 11-15-03 11(17/03 FEDERAL HOME LOAN MTG CORP 31393FAF3 6.2800 19.26874 SERIES 2530 CLASS SE DUE 02n5/2032 6.280 IvT RID 1003 P/0 11.15-03 REPO P 6I 6,2800 8LSOSEOCIA19- ANGS 11/17/03 FEDERAL HOME LOAN MTG CORP 31393FAF3 52800 119288.51 SEWS 2530 CLASS SE DUE 02/192032 6.280 NT FvD 10-03 F011.15-03 REPO P &I 6.2800 02' 11/2111003AR43 01)1 VMS En I8 IJ IJ --J C EFTA01320765 can= THROWN OS LosOLLY OviNCD SuITSCW2Y OFFICE SERVICING YOUR ACCOUNT Beet. Steam & Co. Inc. M. Sun Senores Carp BEAR 383 AhreciOn Avenue New York, New York 10179 Ors liersatedi Cetus MAP &Ser. Nai olc 20 3439 STEARNS (212) 272-2000 1212) 272-coo FINANCIAL TRUST CO INC 10 ao STATEsatiT PIRO:. Haymow 1.2003 21103er.m No ember 28. 2003 Transaction Detail (continued) N0CC(.1O YIABER TAXPAYER walk INTEREST (continued) LAST STATEWeNT Octet*, 31.2003 out ctscatnot 57148ou0.6• Cuomo AV( no DEW AsIOUYI cataT mom 11/17/03 FEDERAL HOME LOAN M1G CORP 31393F686 5.8800 55,64062 C) SERIES 2526 CUSS SI DUE 02/15/2032 5.880 MEREST PAYMENT 11-15-03 0 11(25/03 FANNIE MAE CMO/SEMES 2002-82 SK-10 FLTR OM 10/25/2031 6.931 31392FS73 6.9310 85.43029 PITERST PAYMENT 11-25-03 11125)03 FEDERAL NATIONAL MTG ASSN 31393C2C6 5.8810 94.733.62 k l SERIES 2003-49 CLASS SW CAE 01125/2033 5.891 MEREST PAYMENT 11.25.03 C TOTAL in 5637.876.91 z REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Steams& Co.ns. SCITIDADIT TRIM an DATE TRISSACTION DESOSPTIN SYLISCOCUSIL ClUARMY DEW POSDLINT CSEOTT 11/05/03 JOURNAL ADP CD 8888888 3.000.000,00 r FILM-PR F275318101C 8.625 CUE 12/31/49 2074420692 11105/03 .101/M441. ADP CD 8888888 3000.00000 Frn.449 F275318101D 8.625 CUE 12131/49 2074420692 11/05/03 13URNAL ADP CD 8888888 3,000,000.00 FRM-PR F275318101E 6LSOSEOCIN9- ANGS 8.625 DUE 12/31/49 2074420692 11/05/03 /DORSAL ADP CO 8888888 3.450030.00 FITM-PR F275318101F 8.825 DUE 12/31/49 2074420892 037 11/20103X0t 43 001 ISIS rn 8 b.) IJ b.) —a EFTA01320766 ClEAREO RARCAP3m ITS vAlCur OARED SuSSOARY OffICE SERVICING l'OUR ACCOUNT Bear. Steams & Co. Inc. Se-.9m SARATOS Cap. BEAR 383 Madison Avenue New York. New Yak 10' 7g Coe Matscr, Caw Nath OrtotRA Mn Tort 112014169 STEARNS (212) 272.2000 12121272.E FINANCIAL TRUST CO INC 11 a •: STATEIPEr.7 PER100 Womb, 1. 2003 niROUOR Ikreembx 28.2003 Transaction Detail (continued) ACCOANT KAMER TAXPAYER RAPIER On He REPURCHASE AND REVERSE REPURCHASETRANSACTIONS (continued) IAET STATERERT Outer 31.2003 SETROADO Mel DAR an TRAHSACTAR DESCRIPION STUTIOUCUS9 DONT ACM CRUX! PACONI 11/05/03 INTEREST AOP CD 8888888 913.33 DUE 12/31/2049 8.625 411/4.99 F275318101C 2074420692 0 11/18/03 JOURNAL AOP CD FIIM-PR F2753181016 8.625 DUE 12/31/49 8888888 3.45=03.00 2074420692 -n 11/18/03 JOURNAL ADP CD F8M-PR F27531810114 8.625 DUE 12181/49 8888888 3,450,000.00 2074420682 C 11/18/03 JOURNAL ADP CD 8888888 in 3.450.000.00 F81114717 F2753181011 8.625 DUE 12/31/49 2074420692 11/18/03 JOURNAL ADP CD 8888888 3.980.000.00 FIIMJR F2753181011 8.625 DUE 12/31/49 2074420692 11/18/03 INTEREST ADP CD 8888888 1.282.12 Out 12/31/2049 8.525 r FTDA.PR F2753181016 2074420692 11120/03 JOURNAL ADP CO 13888888 3.980.000.00 FITIA41* F2753181019 8.625 DUE 12/31/49 2074420692 11/20103 JOURNAL ADP CD 8888888 3.980.000.00 FRIA.PR F2753181011 OSSOSE00-019-ANGS 8.525 DUE 12/31/49 2074420692 112003 JOURNAL ADP CD 8888888 3.980.000.00 Fl1M-PR F275318101M 8.625 DUE 12/31/49 2074420692 027 11/29.3948:43 001 VPt9 rn 8 b.) V.2 IJ -J 1.7 EFTA01320767 clan *M000.4 Rs voncrue OAI , EO 91.40vIce OFFICE SERVICING YOUR ACCOUNT Oar. kern Secunle3 Cue. Bear. Steams & Co. Inc. BEAR 383 Madison Avenue Now York, NOW York 10179 Cne Meeottee Meow ilenA &our( toe Tv% 11201(3859 STEARNS (212) 272.2000 (212) 212(11:00 FINANCIAL TRUST CO INC 12 or it STATFIREYT PERIOD NOkt•TH:tf 1, 2003 THROUGH 1(01tettf 28.2023 Transaction Detail (continued) eeCOina nuweix Tonne mann On Re REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (mums) le' STATEN/le °CORTI 31.2003 SIIIIIMENT 1140E Mn DATE tentsacroN OISUIPTEW4 Sflake/02SIP OUNITY Wen mo0UNI CXIDII ) W 11/20103 JOURNAL ADP CD 8888888 3.989.000.00 FIDA.PR F2763181011/ 8.625 WE 12131/49 2074420692 0 11/20103 INTEREST ADP CO DUE 12,31/2049 8.625 FIlM-PR F27531810D4 8888888 223.32 2074420692 -n TOTAL S-21.849.000.00 S20,862,398.77 C MISCELLANEOUS rn eue z "COM TRAIGOCIEN INSCRIPTIO.4 CEIrt AMMO CROW MOM 11/05/03 JOURNAL 'FIG mm 17.00 11/12103 JOURNAL FNMA-30YR(FNMA)GID 187.500.00 SETTy 1/03 5.500 DUE 11/01/33 MILS NET 11/12103 r 11117/03 11/24/03 JOURNAL JOURNAL FRG NEM OCT 03 SPEC CLEARING FEES 850.00 204.699.00 TOTAL S-189.367.00 5204,699.00 ISSOSE00- 019- ANGS STOPI End of Statement 027 11/2}03,3&43 OM WWI I8 b.) V.) b.) —J EFTA01320768 0.EAREO I sn WHOLLY Omen StieSOARY OFFICE SERVICING YOUR ACCOUNT le• Sign Scoria Corp Bear. Grams & Co. Inc. BEAR 383 Madison Avenue Ore lioniath C— lam tocitin. Nei Yak 112014SS9 STEARNS New York. New York 10179 (212) 272-2000 In) 272-1003 FINANCIAL TRUST CO INC ACCOUNT EXECUTIVE GNMA GOVT BOND STAMM?? PERCO Quota 1.2003 VENT OUR WEBSITE evrotcarstearns.corn MIROVS.4 Oclober 31.2003 ACCOUNT wide, What's In This Statement IIIIIIIIIIIIIIIII 111 TA.V.AWA Media On Fle IAST SrATVADIT SepU)Mber 30.2003 Financial Summary 3 FINANCIAL TRUST CO INC Your Portfolio Holdings 4 VC/JEFFREY EPSTEIN Transaction Detail 7 6100 RED HOOK QUARTER 0 Trades Not Yet Settled 14 STE 83 ST THOMAS VI 00802 0 m C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL vAWE OF SECURMES THIS PERIOD 16.075.464 Case& EcAregem sS99 452"76 LONG ACCRUED INTEREST 206.233 ran 616076,464 hccme $13.446.661 NET CREDIT EIN AKE 450.076 Omen maker vale HIT ECHATY THIS PERK* 516.731,773 MI last staternmrs ounce: Niue r NET EQUITY LAST STATEMENT 13.670.919 CHANGE SINCE LIST STATEMENT 3.060.954 There are no 'Stop Loss' orders cc other pending buy or sell open ceders on file for pr account. ZSSOSE00- 019- ANGS tummy • Ice wienneceni P•900/1PM/. It Is nd turas n a lax 4.7011Tent. Lis Utensil stool t4 ream tr you, non. See Tile Ode I& near* Minim 027 110103;13' Ye 001 1416 ITI 8 IJ IJ 47 b.) —J EFTA01320769 CLEARED Twa0Q3n ITS WI. UY OANEO 8u194:44.0 &dr.SOWS Setultin cep. Ors WNW, OW* Math again MIS net 112014859 RIZ) 2,2.1CCO FINANCIAL TRUST CO INC 2 on. 0 z ii STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r ESSOSE00- 019- ANGS OZI 11.01/03:1398 OD1 q10 EFTA01320770 CLEARED ThROuCiri rrs ?Mal OWKED StAISPORY OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. Sew. Stems Semite% Cap. BEAR 383 manisen Avant New York. NOW York 10179 Ore- Care Pearth ivotp8 Nee Tot 1/201.3859 12120 222.1Cco STEARNS (212) 272-2003 FINANCIAL TRUST CO INC 3 a•4 82A2119887 PERCO WOO 1.2003 netouem Cclatf 31.2003 ACCCINT MINIM Cash Flow Analysis Income Summary TAXPAYER MAWR On File Ma Kew Na NW* 'FIAR TO OAlt UST STATEWENT Semester 30.2003 OpeningBalance 5992.05 Govt. Agency Int. 589.443.56 8.380.318.48 Corp. Bond Int. 89,757.59 1.077.236.76 Seculties Sold 158,614,157.53 Credit Balance Int. 96.26 1.027.71 Dhidendsarcerest 679.297.41 Reverse Repurchase Int 1.538.03 19.956.83 Arescellaneous 1214.062.50 0 Amount Credited $160.507.517.44 Total Bond purchase Int S680,1335.44 0.00 59,478,539.78 -50,156.82 Repurchase Int. bp. 0.00 -24.344.52 -n Securities Bougll lAscellanetus -159,821,725.15 .236.708.00 C Amount Debited 5.160.058.433.15 Portfolio Composition rn Net Cash Mikity 449,084.29 CashCash Eqmalent 450.076 ClosingBalance 5450.078.34 Fixed Income 16.075.464 Your Portfolio Total S16 525 540 Allocation Cash Balance Summary r COEXNG CLOSNG Cash a Eepszdent 2% 1i7r0ir 992.05 450.076.34 NOtC3f./IB,::WW11 5992.05 4450.076.34 PHOSE00- 019- ANGS L. fixed tame 98% tawati pole.* Osees Rd taws andw site! men* nun Tha 4144.001 Yo.-tn0o 4 el•Irsd %ye Pt &W.'s* natal .We to Wdoro 027 1.r31.03 11 39 COI WIO In 8 IJ IJ 47 IJ -a EFTA01320771 CAUSED TNROUGH ITS WOW/ OVANID SLISSOMAY OFFICE SERIACING HX/R ACCOUNT Bear. Steams 5 Co. Inc. but Sawn. Swats c BEAR 383 Madison Arena Cre Warmth Conn Mr?. 06066 Mo 101 112014439 STEARNS New York New York 10179 (212) 272-2000 R12121200:0 FINANCIAL TRUST CO INC 4 a,4 STATEMENT nmoo OCtabtf 1.2003 1146Duax CCU'S!, 31.2003 Your Portfolio Holdings ACCCUNT LAMER CASH & CASH EQUIVALENTS TAMMY'S PiVUSER LAST STA1TAMAC SAW/Aber 30, 2003 MARC (SWAM 0 ORM(' 01SCRIMS SMASS-CYMP ouearrt PACE VOLE INCA MOVE MO IW CASH BALANCE 450.076 TOTAL CASH 6 CASH EQUIVALENTS 5450,076 0 FIXED INCOME -n Government & Agency Obligations OISCRfliCay ACC, ACCRUID ES111.40110 COMM 511.90./0.4.1? CSASSW FACE WIWI UWE IISTREET WON. UMW MID (Am FEDERAL HOME LOAN MTG CORP 31393F686 MRGN 11.355.229 in 10.4109 1.182.184 29.675 667.887 56.4791 SERIES 2526 CLASS SI DATED DATE 10.01.02 800K ENTRY ONLY CUE 02/15/2032 5.880% FACTOR - .44119951 FEDERAL NATIONAL MTGASSN 3136FALQ1 MRGN 2.142.076 84.2031 1,903.895 2 21 0.0012 STRIP PAM SIRES 322 CL PO DATED DATE 03/01/02 BOOK ENTRY ONLY 1.00000000 DUE 03/01/2032 001% r FACTCR - FEDERAL HOME LOAN MTG CORD 31392R6U0 MRGN 40,137,362 3.8956 1,483,335 17.840 401.374 27.0589 SEWS 2471 CLASS 77 DATED DATE 06.07/02 BOOK ENTRY ONLY DUE 03/15/2032 1.000% FACTOR . .40137383 FEDERAL HOME LOAN MTGCORP 313927132 MRGN 20,202.794 11.2818 2.279.235 61.775 1.389.952 60.9833 S8SOSEOCIND- ANGS SIRES 2488 CLASS SO DATED DATE 07/08/02 8034C ENTRY ONLY DUE 03/152032 6.880% FACTOR - .40406591 02? 11/111/03:136> 031 V11111 I8 IJ IJ --J EFTA01320772 61.AREO 1)10.00011 ITS WILILY 0A7•23 81.02300tARr OFFICE San/ICING YOUR ACCOUNT Mt. Seen koala Co Beet. Steams 4. Co. Inc. BUR 383 Madcon Melt* On. IletroW. Lela NOV Isaakbei. Mw rue 11701.31139 STERNS New York. New York 10179 (212) 272.2000 (2121 272.1003 FINANCIAL TRUST CO INC STATEIABil 00.00 October 1.2003 110,10.0004 0=ota 31.2003 Your Portfolio Holdings (continued) ACCOurn WAN. 7.7"ketit KAMM On no LAST STATexemr S90tember 30. 2003 Government 8 Agency Obligations (commune) ACC1 202260 (MA= CLOR017 OESCRIPTIYI 511"01.0.ISIP Type 0.012Irr PRICE W•lbEET MOE POIRES1 ANNUAL WOW FEDERAL HOME LOAN IAIG CORP 3139276E2 MRGN 23.307.937 10.5512 2.459.263 60.909 1.370.507 55.7284 SEMIS 2483 CL 51 DATED DATE 07/0242 BOOK ENTRY ONLY 0 DUE 03/4/2032 5,8030% FACTOR . .40405590 FEDL NOME LOAN MTG CORP/403602 3128HVA85 MRGN 3.370.584 78.3359 2.640.379 ii SERFS 223 CLASS PO DATED DATE 12/01/02 BOOK ENTRY ONLY DUE 12/01/2032 FACTOR . .67411697 C FEDERAL NATIONAL MTG ASSN 31393C2C6 MRGN 19,333,393 10.9805 2,122,905 18,947 1.136.804 53.5495 rn SERIES 203349 CLASS SW DATED DATE 04/3003 BOOK ENTRY ONLY DUE 01/25/2033 5.88016 FACTOR - .79539167 Total Government& Agency Obligations 513.970.996 5169.148 54.966.345 Corporate Bonds r Treill0U0410 t6, twE PDX Waal VALUE .0011.10 MAW LS1aMTE0 MOM INCOME OSEICT ILO FANNIE MAE C1AO/SERIES 2002-82 31392F573 MRGN 14.793.123 14 2260 2.104,468 17,085 1,025,163 48.7136 53(40 FUR DATED DATE 1010202 BCCC ENTRY ONLY DUE 1onsr2co1 6,930% FACTOR . .59172496 98SOSEOCIA19- ANGS TOW C0F0oratei3onds 52.104.468 517.085 51.025.163 TOTAL FIXEOINCOME $16.075.464 5206.233 $5.991,508 ".,27 11.0103.13 39 COI 1118 I S b.) 41 b.) 00 00 EFTA01320773 CALMED natOuGet ITS vector Ovine) SueSewly OFFICE SERVICING YOUR ACCOUNT Per. Men Steurtes CoP. Beer. Stearns & Co. Inc. BEAR 383 Madsen Monne New York. New York 10179 Cre Ilartinth USN 1/410. Swittr. New ten 1120146S9 2121 172-1coo STEARNS (212) 272-2CCO FINANCIAL TRUST CO INC 6 :4 sriernalta PERKO October 1_2003 TweauON Gaeta 31.2003 Abbate Weak" TA)0Mtit mama Cir, Fh LAST /144ATSVENT September 30.2003 Your Portfolio Holdings (continued) YOUR TOTAL ACCRUED INTEREST 5206.233 YOUR TOTAL ESTIMATED ANNUAL INCOME 55.991.508 0 YOUR PRICEOPORTFOUOHOLDINGS 516.525.540 -n Repurchase and Reverse Repurchase Transactions C with Bear, Steamsand Co.Inc. outstanding asof date of statement in YOU PROVIDED PLOOthc.ti Slat DATE REPuROIASE DATE Rae RATE OUeCilASE MCC/ Mat ACCRUED ilP0 PatREST. *Warn Tea MOW) CUSP DESUSTICH FEDERAL HOME LOAN MFG CORP (MARGIN) 10/23103 OPEN 0.000 .51 655 000 31393FAF3 SERIES 2530 CLASS SE 6.280002415/32 TOTAL REVERSE REPURCHASE TRANSACTIONS SO so TOTAL REPURCHASE TRANSACTIONS 50 $0 Al 40 041sned• ale r L8S0SE00- O19- ANGS 02> IIR)1/03.13 19 00' I8 IJ IJ IJ v3 EFTA01320774 =ARLO INRCQ3.4 meaty 0,00 SOSIOwN OFFICE SERVICING YOUR ACCOUNT Bear. Steams 6 Co. Inc. tier. Sten SKunts Cu9. BEAR 383 Madison Meru, New Tok New York 10179 0-• unotect, Corte 4ortn ender. New Yen 11201.36S. STEARNS (212) 272-2000 12121 272-IC00 FINANCIAL TRUST CO INC STATWEIC PEIIPO Ock0er 1. 2CO3 THROutin Ottobec 31.2003 Transaction Detail ACCOurr wain. TAXPAYER kukarR On Re INVESTMENT ACTIVITY usT sTATewn.1 Silplenter 30. 2033 Mat DAM OAR IRMISACTION otScrenni svuocutus• asuam MCI ant ....Cum CREDIT /SOME 10/07103 PMNCIPAL FEDERAL NATIONAL MTG ASSN 3136FAL01 -169.307 (-) STRIP MID SERIES 322 CL PO 0,001 OuE 03/01/32 PRNOVAL MUM 10.25-03 0 10115/03 09/30/03 BOUGHT FEDL HOME LOAN MTG CORN/1503802 SERIES 223 CUSS PO WE 12/01/2032 312811VA85 3370.584 82.31250 2.774.412.65 0987022118332 m REF • 2003093046840000 EIS TO AD.' PREYS:US MONIKS FACTOR AS Of 090003 10/15/03 09/05/03 CANCEL Sal FNMA.3011(041.4A)GTD 5N95388 10.000.000 99.53125 9.953.125.00 SETT:W/03 ci DUE 1601/2033 06.500% m 0987031119332 REF C 2003090546060000 EIS AS Of 0906/03 TO Ca PREVIOUS SELL 10115/03 09/05/03 CANCEL SELL FNMA.30YR(FNIAA) GTD 5N95388 10.000.000 99.53125 9.953.125.00 SETT.10/03 H DUE 10/01/2033 05.600% 0987031119332 REF V 2003090546060000 BS AS Of 0905/03 r 10115/03 09/04/03 CANCEL SELL TO OIL PREVIOUS SELL MISAA.3CNR(FNMA)GTD 567.1003 51495388 15.000.000 98.96875 14.845.312.50 CUE 10101/2033 05.500% 0987031317332 REF 4 2003090454000000 8$ AS Of 09/04/03 TO cm. PREMUS SELL 10/1503 1007/03 CANCEL SELL FNMA.30YR(FNMA)GTD 5/095388 40,000.000 100.94922 40.379.687.50 28SOSE00- IND- ANGS St7.1003 DUE1001/2033 05.500% 0987280211332 REF * 2003100746130000 (tS AS OF 1007/03 TOLE. PREVOUS SELL an 17A31103:1321 MN VMS IJ IJ IJ CO O EFTA01320775 CLEARED TOCOLC/4 ITS WAOLor DARED SUBSIDIARY 0FFtE Sava% YOUR ACCOUNT Bear. Stearns & Co. Inc. Oty. Stan Branum C . BEAR 383 Manson Avert* New York, Nev., Ycck 10179 One Matron. Cour North YOBIrk New Yot 1T201.3N9 STEARNS (212) 272-2000 I2121 212.1000 FINANCIAL TRUST CO INC S'AlTrAINT PERoo Ocean 1.2003 nor:4nm &tette 31. 2003 Transaction Detail (Continued) AOCCUN1 ISAVR TAXPAYER KAMER INVESTMENT ACTIVITY (cardnued) LAST TATEWW1 241:Dientrif 30 2CO3 SETIlfgoll 1200E DISE OAR IRMSC101 DatRIPIION SVUOCACUSIP OWNIIW MCI UM 'WOW CREDO AVOLIVI 10/15/03 09/03/03 BOUGHT FNMA- NMA)GTO SN95388 85.000.000 98.40825 83.964.062.50 0 sET7.10133 CUE 1081/2033 05,500% 0987280211332 0 10/15103 0945/03 SOLD REF • 2003090346250000 FIONGIOYIHENMAIGID in 5145388 -10.000.000 99.53125 9.953.125.00 z SETT.10/03 DUE 10/01/2033 05.500% 0987031119332 m REF 12003090546050000 BS AS OF 09/05/03 10115/03 094503 SOLD FNMA-30YRONWQ GM 5195388 -10.0007003 99.53125 C Sur.10/03 DUE 10101/2033 05.500% 9,953,125.00 in 0987031119332 REF 0 2003090548050000 BS z 10/15/03 09104/03 SOLD FNMA-30YRIFNIAA)G7D SETT.1843 DUE 10'0112033 06.500% 5095388 -10003000 98.98875 14,845,312.50 0987031317332 RU • 2003090454000000 BS 10/15103 10/0743 SOLD FNMA.30YR(FNMA) GED 5095388 -40.000,000 100.94922 40.379.687.50 SET110.03 r ote1001/2033 05.500% 0987280211332 REF * 2003100746170000 BS 10/15/03 09/03/03 CANCEL WY FNIAA-30YRIENMA)GTO 5095388 45.000.000 98.40625 SETT-1003 63.964.082.50 CUE 10/01/2033 05.500% 0987280211332 REF 9 2003090346250000 8$ AS OF 09/03103 TO CAL PRE-NOUS BUT 68SOSEOCIN9- ANGS 10/15/03 PRINCIPAL FEDERAL HOME LOAN MEG CORP 31392R6U0 -3,174030 SERIES 2471 CLASS in 1.000 DUE 03/15/32 PRINCIPAL REDUCTN 10-1543 027 111011021230 001 rn 8 IJ 00 00 EFTA01320776 CLEARED THROUGH ITS ?MOLLY Ewe SU000Alty OFFICE SERVICING YOUR ACCOUNT Sear, Steams & Co. kic. Rem Steams Saab's Opp. BEAR 353 lAaclsoo Avenue New York. Now York 10179 Cr* lionyeth Caro Noes ireatr. µH York 11201.3060 2121272.1003 STEARNS (21 2) 272.2000 FINANCIAL TRUST CO INC MAMMY mosso Oaote 1.2003 11.010uen OCIOW 31.2003 Transaction Detail (continued) ACCOUNT WIWI TAXPAYER AMMER INVESTMENT ACTIVITY (conilituea) LAST STATAAIDa September 30.2003 unuweet tom out WN noNscror DESCRIPRON STIAEOUCUSIP OULPIITYY PRICE 13010 ANEW MOD AMOUNT 10/15103 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392R6U0 -971 SERIES 2471 CLASS Yr 1,000 DUE 03/15/32 PRINCIPAL REDUCTN 10-15-03 10/15.03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392T6E2 -1.843000 SERIFS 2483 Cl. Si. s.saa DUE 03/15/32 PRINCIPAL REDUCTN 10-15.03 ii 1015/03 PR1NOPAL FEDERAL HOME LOAN MTG CORP SERIES 2463 CL SL 5.880 DUE 03/15/32 31392T6E2 -719 PRINCPAL REDUCTN 10-15-03 C 10/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 313927/32 rn -1.598.000 SERIES 2488 CUSS SO 6.880 CUE 03fl 5/32 PRPCINAL RECIXIN 10-15-03 10/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 313927/32 44 SERIES 2488 CLASS SO 6.880 DUE 03/1502 PRINCIIAL AMMER 10.15-03 1011903 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393FGB8 404357 SERIES 2526 CUSS SI r 5.880 DUE 02/15/32 PR INCIPN. REOUCIN 10-15-03 10/24/03 JOURNAL FEDERAL HOME LOAN MEG CORP 31393FAF3 -1 SERFS 2530 CUSS SE 6 280 DUE 07A5/32 ADiuSi POSITION 10/27/03 PRINCIPAL FEDERAL NATIONAL MTG ASSN 3136FAL01 169.307.00 STRIP MI6 SERIES 322 CI. PO 06SOSEOCIN9- ANOS 0.001 DUE 03/01/32 PRINCIPAL PROPEIR 10-2543 10/27/03 PSINCIPAL FANNIE MAE CIAO/SERIFS 2032-82 31392F573 -749.315 SK40 FUR 6,930 ME 10/25/31 PRINCIPAL REDUCTN 10-25-03 OCT 11.01.03.1-13:39 001 e11111 8 IJ V.) IJ IJ EFTA01320777 CLEARED ~MOM ITS ~My Omm0 au•SDAFT• OFFICE SERVICING YOUR ACCOUNT Beer. Steams & Co. Inc. bat. Swans Monies Cap BEAR 383 Medson Avenue OY iterouce Cate MT Ereektr. hm yak 1120141369 STWRNS New York, New York 10179 (212) 272-2003 12111 272.1003 FINANCIAL TRUST CO INC 10 <2u *YAMADA' Mime October 1.2003 Detomm CCS:ter 31.Ø Transaction Detail (continued) AccoUvT MAKER TAXPAYER Ha» On file INVESTMENT ACTIVITY (COOMMCO LAST STATEMENT Sepwrte. 33.2003 Strntmiin mix DATE DATE TRANSACIM DISCREMON SYMSOLOSP OtmiM 0(S1 AMW41 MOM ~A 10127)3 PRINCIPAL FEDERAL NATIONAL MTG ASSN 31393C2C6 -498.148 SERIES 2003-49 CUSS SW 5.88000E 01/25/33 PRINCIPAL REDUCIN 10-25-03 0 TOTAL 5-141.869.725.15 $139.264.619.50 INTEREST -n DATE OESERFMN Svuecucuso Cuunny RAM 00 DEM AMOUNT CREW AMINE 10/01/03 AVG BAL 992RT 0.363 0.02 in 10102/03 021 OFFICE INTEREST 0903 AVG BAL 379.748RT 0.326 021 OFFICE INTEREST 0903 98.24 10/15/03 FEDERAL HOME LOAN MTG CORP 31392R6U0 1.0000 36.093.61 SERIES 2471 CLASS YI DUE 03/15/2032 1.000 INTEREST PAYMENT 10-15.03 10/15/03 FEDERAL HOME LOAN /MG CORP 3139216E2 5.9900 123,243.11 r URNS 2481 C1.54 DUE 03/15/2032 5.880 INTEREST PAYMENT 10-15-03 10/15/03 FEDERAL HOME LOAN MTG CORP 313921/32 6.8800 124,991.77 SERFS 2488 CUSS SO DUE 03/15/2032 5.880 MEREST PAYMENT 10-15-03 10115/03 FEDERAL HOME LOAN MTG CORP 31393FAF3 6.2800 148.356.10 SERIES 2530 CLASS SE T6505£00- IA19- ANGS DUE 02/15/2032 5.280 NT RID 09-03 PA) 10-15.03 REPO P 3I 5.2800 Oh 11,01R1111:311 001 Viii EFTA01320778 =WO 2192051314 ...,air OWTED SulDSOARY OFFICE SERVICING YOUR ACCCAINt Ow San Semrites Cup. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New TOrk. NOW York 10179 Cr. /AARAce, Ceram Mn bccASA Nat In 11201.3959 STEARNS (212) 272-2030 (212) 2/24000 FINANCIAL 1RUST CO INC STATEMENT PEA= Comte, 1.2{03 nOtouGA October 31.2033 Transaction Detail (continued) meM u? siNeER TAAAA9EA µI.KR INTEREST (continuad) UST STATEVENT Seamen 30. 2003 OATt 4001147Cw STIMOUCUSEP OtwarTY tUE 011 DOW WOW CR= PAWN, 10/15/03 FEDERAL HOME LOAN MTG CORP 31393FC4343 5.8800 5%584.42 SERIES 2526 CLASS SS WE 02/15/2032 5.680 MEREST PAYMENT 10-15-03 0 10/27/03 FANNIE MAE CMOISERIES 2002-82 51(40 FUR DUE 10)2512031 6.930 31392F373 6.9300 89.757.59 INTEREST PAYMENT 10.2543 -n 10(27)03 FEDERAL NATIONAL MTG ASSN SERFS 2003-49 CLASS SW DUE 01/25/2033 5.880 31393C2C6 5.8800 97.174.55 INTEREST PAYMENT '0-25-03 C TOTAL $679 297 41 in REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Steams&Co.Inc. SEITLDINT mix oat OAR ItANSAC OESCMPTIOM 512.01.0J522 WMIIIIY OM MOM CREDO MOM 10/02/03 JOURNAL ADP CO 8888888 4.398.0:00.03 FIDA.PR F2753101011 r 8.625 DUE 12/31/49 2074420692 1002/03 JOURNAL ADP CD 8888888 4.396.000.00 FTRA-PR F2483202019 8.625 DUE 12/31/49 2074420692 10/02/03 MEREST ADP CD 8888888 250.33 DUE 120102049 8.625 Z6SOSEOCIA19- ANGS FRM.PR F2483202019 2074420692 1006103 JOURNAL ADP CD 8888888 4.296.000.00 F1111-PR F2753181013 8825 DUE 12/31/49 2074420692 027 1101/00:17:301 001 late EFTA01320779 r ens0 TIAOLtH as WPM:, OW/AD SLASOWtf OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. Ow Sam Semites Cap. BEAR 383 Mattson Avenue Ore IttOlatli Cans Not Racially New Tot 11201.3391 STEARNS NE." Yak New York 10179 (212) 272-2000 1214 ZTE-1003 FINANCIAL TRUST CO INC 12 a•. STATENEHT PEF000 WAX, 1.2033 nazism Ovata 31, 2003 Transaction Detail (continued) ACCOSO RweeR TARPAKA 14.11AR PI M REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) EAST STAITIAW Sept:Irby 30.2003 SETTLEMENT MOE DATE 041E IlleiSACTIOR DOCRPDOw SYMBOL/CUSP GAUDIN DINE AMOR CREDIT IAPISO 10/06/03 JOURNAL ADP CD 8888888 4.396.000.00 FITIA-PR F2753181012 8.625 DUE 12/31/49 2074420692 0 10036/03 INTEREST ADP CO DUE 12)31/2049 8.625 FIDA.FR 12753161012 8888888 323.59 2074420692 -n 10/15)03 JOURNAL ADP CO FIT1A-PR F2753181015 8.625 WE 12/31149 8888888 1.520.000.00 2074420692 C rn 10115)03 JOURNAL ADP CD 8888888 µ 4,296,000.00 Fm.i-PR 12753181014 8.625 CVC 12/31/49 z 10/15/03 MEREST 2074420692 ADP CD DUE 12/31/2049 8.625 8888888 598.10 FITM-PR F2753191014 2074420892 10/16/03 JOURNAL ADP CD 8888888 1,620,000.00 FITM-PR 12753181016 r 8.625 DUE 12/31/49 2074420892 10/16/03 JOURNAL ADP CD 8888888 1,520,000.00 nDA-PR F2753181017 8.625 DUE 12131/49 2074420692 10/16/03 JOURNAL ADP CD FM-PR F2753181018 8888888 1,520,000.00 E6S0SE00- O19-ANGS 8.625 DUE 12/31/49 2074426602 10/16/03 JOURNAL ADP CO 8888888 3.220000.00 F1114-PR F2753181019 8.625 DUE 12131/49 2074420692 021 11/01.0213:20 001 V81I rn I8 b.) La b.) EFTA01320780 curse) nrscoon as 08/10 SISSID0RY OFFICE SERVICING YOUR ACCOUNT Beer. Swarm 6 Co. Inc. Sae Rene Seeeneet Cap. BEAR 383 Medium Mettle New York. New York 10179 01e1Anforsen Crew Math II,CcAbn. MeV Yon 11201.3859 STERNS (212) 272-2000 22121 2/24003 FINANCIAL TRUST CO INC 13 a • sunaroor sync° Cater 1.2003 THROVON Octcocr 31.2003 Transaction Detail (continued) *Govan 'NAM* TAXPAY1131 MAW On rile REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (cortInued) LAST SIATIDOCNT Segember 30 2003 nun rum DATE DATE 782121C13311 DIESCR09101/ SYMBOLICLISV DUMMY 01W mow cam MW4I 10116/03 INTEREST ADP CD 8888888 31.67 DUE 12/31/2049 8.625 FRM-PR F2753181016 2074420892 10/20/03 JOURNAL ADP CD 8888888 3,000,000.00 FRAI-PR F2753181018 6.625 CUE 12/31/49 2074420692 -n 10.20/03 JOURNAL ADP CD FI1M-FR F275318101A 8.625 DUE 12/31/49 8888888 3.220.000.00 2074420692 C 10/20833 INTEREST ADP CO 8888888 234.34 rn OM 12131/2049 8.625 FlISPR F275318101* 2074420692 10/23103 JOURNAL FEDERAL HOME LOAN MTG OORP 31393FAF3 -22.790.161 SERIES 2530 CLASS SE 6.280 DUE 02/15/32 FM* F2963142 Al REPO AGREEMENT 102103 10UANIJ. FEDERAL HOME LOAN MTG CORD 31393F/43 26.471.971 r SERFS 2530 CUSS SE 6.280 2/15/3 DUEF0216329I FIIMARGN 2 *2 TWA REPO AGREEMENT 1012303 JOURNAL FEDERAL HOME LOAN MTG CORP 31393FAF3 4.681.809 SERFS 2530 CUSS SE 15280 DUE 0210 5/32 FrtMARGN F2963144 Al REPO AGREEMENT V6S0SE00- O19- ANGS TOTAL 3-17.952.000.00 $19,349.538.03 021 100103:1339 WI 2/18 EFTA01320781 r, CA1.1 TROLCH rTs vAieur Con‘eD Sussiowsy CAKE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. Best Storrs Yenta Corp. BEAR 383 Mattison Avenue Of* Weteteth CM. N]4/ Wooer% War Volt 11201.3149 STEARNS Noe York. New Yak 10179 (212) 272.2000 (214 272.1000 FINANCIAL TRUST CO INC 14 & VW/MN! MOOD October 1.2003 nfrouOm Octoixi 31.2003 Transaction Detail (continued) ACCCANT VISO% Mama •JvAIER On no MISCELLANEOUS LAST STATCIaNT Seplente 30. 2003 MOO* TRANSACT:* CCSCRIPTION DENT MOUNT CROXI MOM 10106(03 JOURNAL FITG TO FTTM 1.319.00 10/10/03 JOURNAL FITG FRIA 69.463.03 0 10/14/03 10115103 JOURNAL JOURNAL SEP 03SPEC CLEARING FEES FNMA-30YR(FNiMA)GTD SETT.10.03 1.050.00 1,214,062.50 5.500 DUE 1001133 -n 10/20/03 JOURNAL MBS NET 10115/03 FRG FTTM 38.459.00 10/21/03 JOURNAL FITG RIM 126.398.00 rn TOTAL $.236.708.00 51.214.062.50 z -H Trades Executed Pending Settlement r SUROMNI OATS MACE DATE TRANSACT* MORMON SONJOLCUSP (wan PRICE OEM /MOUNT MDR MOAT 11113/03 10/07/03 BOUGHT INMA-30YR(FNMA)GTO 51498784 40.000.000.00 100.5937 40.237.500.00 SETT.11103 DUE 1101/2033 05.500% 0987280211332 REF Y 2003100746180000 8$ 11/13/03 10/1603 SOW FNMA-30YR(FNMA)GTO 51198784 -40.000.003.00 100.1250 40.050.000.00 S6SOSEOCIA19- ANGS SETT.11/03 DUE 11/01/2033 05.500% 0987280211332 REF 40 2003101646340000 RS TOTAL S40.237.500 00 540,050,000.00 nit ma,. bide. OZ Pet •0004/ Wry emit serir te r.. latentiY. 0>1 110103.1339 001 "Mg Tn I8 IJ IJ IJ SO EFTA01320782 6W[{2 THRM.7414 ITS YMCAIT 014.417) StAISIDWAY OFFICE SERVICING YOUR ACCOLINT Bear. Stearns & Co. Inc. Sea Yana State cap. BEAR 383 Madsen Avenue New York New Yak 10179 Metretech Cater SOT amt Xs Vert 11201.3859 072)27240C° STEARNS (212) 272-2000 FINANCIAL TRUST CO INC ACCOUNT EXECUTIVE GNMA GOVT BONO STATWENT seam AVM) 30, 2003 VISIT OUR WEBSITE sve*.bearMeareS.Ccen THROUGH Seers to 30.2003 Atomic XLMBER What's In This Statement TAXPAYER MATER FINANCIAL TRUST CO INC EAST STATIlara August 29, 2003 Financial Summary 3 Your Pc4trollo Holdings 4 GO JEFFREY EPSTEIN 6100 RED HOOK QUARTER Transaction Detail 6 STE B3 0 Trades Not Yet Settled 13 ST THOMAS VI 00802 0 z m C Your Portfolio at a Glance Market Value of Your Portfolio Important Message in TOTAL VALUE OF SECURRES THIS PERS00 13,466,661 Cash a Equirettre --I S992 S244 Beer Steams is pleased to amounce our conversion to z LONG ACCRUED MEREST 203.166 ed — 513.488481 a calendar month-end statetnetlt. Elfectne this month. your account Ineo rritne 513.626.063 NEY CREDIT BALANCE 992 statement reflects al anent market value activity and account NET EQUITY IHM PVUOD S13,670,819 valuation up to and M. last raterneris market value including the last bUSW/EES r NET EDWIN LAST STATEMENT 13.836.583 (Sayer the man. CHANGE SINCE LAST STATEMENT -165,764 There are no 'Stop L.C65. orders or other pending buy or sell open orders on rile for your account. 96SOSEOCIA19- ANGS IM same,H eI iltraricrol paw :a wry. V 4 ra Read n a az taurmet a his mimeo said te Wand we too Naas 544 want Se we mortal ithansece 077 70O1.O3,10 54 COI 0513 EFTA01320783 WIRED Tift0U0m TS now, Ovna SUBSOPRY Our. San So:vibes Cara One Ihmush Calm MAN troc•Ir. New Talc 11201.1850 1212) 272.1000 FINANCIAL TRUST CO INC 0 z m STATEMENT BACKER IS PRINTED ON THIS PAGE ci m z r L6SOSE00- IND- ANGS 027 10001/0330.54 001 r1113 EFTA01320784 CLEARED THROUGH ITS ‘stOLLY Ovese0 SuSSOAltv OFFICE SERviCe0 YOUR ACCOUNT Seer. Sans Seo.e6es Bear. Steams 4 Co. Inc BEAR 383 Madison Avenue New York. New York 10179 ae wawa Centel l‘ter, Itol4r, Now YOE 11201.3469 STEARNS (212) 272.2000 12121 ? 2.1000 FINANCIAL TRUST CO INC 3 <I 1 sramerwr some August 30.2003 n4ACAKA. Smarty 30. 2003 ACCOUNT NUHSER Cash Flow Analysis Income Summary This TAXPAYER NOWA On Fie 114S PERKO Kipp TPA 70 DAZE LAST *TAMAN" AL9N. 29. 2003 OpeningBa lance 9244.46 Gott. Agency H. 663.90977 7.790.874.92 Cap. Bend it 98.783.24 987,479.17 Smarties Sold 176,098,821.93 Credit Balance Int. 128.15 931.45 DiWoendsAnterest 762.801.16 Reverse Repurchase Ire. 2,357.87 1941880 0 Amount Credited Securities Bought 5178,861,623.09 -175,152.227.06 Total Bond Purchase Vt. 9789159.03 0.00 50707,704.34 -50.156.82 Repurchase Ire. Eap. 0.00 .24.344.52 -n Miscellaneous Amount Debited -1.708.648.44 S-176,860.875.50 C Net Cash Activity 747.59 Portfolio Composition rn ClosIn9Balance 9992.05 Cashttish Equhakmt 992 rued lrcome 13.466.661 Your Portfolio Total 513 487 653 Allocation Cash Balance Summary 0,04,0 r Margin 244.46 992.05 Net Cash Balance 9244.46 5992.05 86S0SE00- O19- ANGS (EMI 1-comit—, 100% U • 4.3•4 preen sunw e.ot bow. rev 4%.14 meat .Ma.. TN. Mm .. perartain, a orived fres no Wont nun .444. o raw re/04 027 I0DtW..3 54 001 VII) EFTA01320785 GUARD) lwituen ITS VA4OLLY &me SueSO4cti OFFICE SERVICING YOUR ACCOUNT as. Sion Socviles Ca Gem Steams b Co. Inc. BEAR 383 Madison Mende New York. New sticek 10179 One - Canis win W.*" Now Yet 11201.TOSO STEARNS (212) 272-2030 12121272.1000 FINANCIAL TRUST CO INC 4 cell STATIMENT nic00 Acquit 30.2003 TI91010.. Swoons.* 30, 2003 Your Portfolio Holdings ACCOafir MAISCR CASH S CASH EQUIVALENTS T/JaWfUt MAeER on OAST STAroiner Au9nt 29.2003 csnstArn) CURREN( otscaTros SYMBOVCOSP COJCITry P*CE vALUL AMICK ACME TIM 04) CASH BALANCE 992 TOTAL CASH & CASH EQUIVALENTS 5992 0 FIXED INCOME -n Government 8, Agency Obligations a3C0.43 (3111400) 0016M CCSOSPI1011 STINIOUCUSP WP /OCCT OUNIMY FACE WSW ROM 0103IM C FEDERAL HOME LOAN IATG CORP 31393F086 LEON 12.160.086 9.7796 in 1.189.206 29.793 715.013 60.1252 SERIES 2526 CUSS SI DATED DATE 1001/02 BOOK ENTRY ONLY DUE 02)1512032 5.880% FACTOR . .47247166 FEDERAL NATIONAL MEG ASSN 3136FAL01 MRGN 2,311,383 87.5781 2.024.266 2 23 0.0011 STRIP MTG SERIES 322 CL PO DATED DATE 03/01/02 BOOK ENTRY ONLY DUE 03301/2032 001% r FACTOR • 1.00000000 FEDERAL NOME LOAN MEG CORP 31392R6U0 MRGN 43.312.333 3.2974 1.428.182 18,050 433,123 30.3269 SERIES 2471 CLASS YT DATED DATE 0107/02 BOOK ENTRY ONLY DUE 03/15/2032 1.000% FACTOR . .43312334 FEDERAL NOME LOAN MEG CORP 313927/32 MRGN 21.800,888 10.1749 2.218,219 62.495 1.499.901 67.6174 66SOSEOCIA19- ANGS SERFS 2488 CLASS SQ DATED DATE 07/06/02 BOX ENTRY ONLY DUE 03/15/2032 6.880% FACTOR - A3601779 021 100141109s 001 Y$13 rn 8 b.) b.) b.) EFTA01320786 CLIME° tatecati ass irm0u22 01.14D SuBSCivolV OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. Bar. Sawa Saunas CO' BEAR 383 Madison Avenue New York. New York 10179 Cne kt— tett NerV, Beaser. We WA 11201.3854 STEARNS (27 2) 272.2000 RID Z22.1000 FINANCIAL TRUST CO INC 5 •1 STATEmea PEA220 AK= 30,2403 Ti4ROUGH SepterN:er 30.2003 Your Portfolio Holdings (continued) ACCOuNT mutat,. TAXPAYER emcee On Mk 1.04T BTAlluEta Atsult 29.2003 Government & Agency Obligations (conthued) OCCI ACCRUED I3104271D 0200114 OISCRI21)34 a THE CRIONITY RRCE vatal vitUf Patna NOM WOW Tab 114 FEDERAL HOME LOAN MEG CORP 3139216E2 MRGN 25,151.656 9.8365 2,474,037 61,619 1.478,917 59.7775 SERIES 2483 O. St DATED DATE 07,02/02 BOOK ENTRY ONLY 0 DUE 03/15/2032 5,880% TACTCR - .43601778 FEDERAL NAT/ONAL MTG ASSN 31393C2C6 IIARGN 19,831,541 10.4766 2.077.667 16,225 1,168,078 56.2207 SERIES 2003-49 CLASS SW DATED DATE 04.00(03 BOOK ENTRY ONLY E I DUE 01/25/2013 5.890% FACTOR .81588587 Total GOvernment& Agency Obligations 511,411.577 5188,184 $5,295.055 m z Corporate Bonds ACV ACCO4ED LSTNATID CURRIM1 DESCRVTION SYMEOUCL612 Ctelnirl VALUE MIRES, NfMMJ 140314 MD IV FANNIE MAE CIVOiSERIES 2002-82 31392FS73 MRGN 15.542.438 13.2224 2.055,084 14.982 1.078.645 52.4867 SK4D FLTR DATED DATE 10/02,02 r BOOK ENTRY ONLY CW101292031 6.940% FACTOR - .62169757 Total Corporate8onds 52.055.084 514,982 51.078.645 TOTAL FIXED INCOME 513.466.661 5203.166 56.373.700 00905£00- O19- ANGS YOUR TOTAL ACCRUED INTEREST 5203,166 YOUR TOTAL ESTIMATED ANNUAL INCOME $6.373.700 YOUR PRICEDPORTFOLIOHOLDINGS 513.467,653 027 m0.011054 eel val7 En I8 IJ IJ lug IJ 10 IJ EFTA01320787 a5-41f0 nietouca. 'Ts ViKtiv OAINE0 IttlaCMAY OFFICE SERVICING YOUR ACCOUNT BEAR Bear. Stearns & Co. Inc. 383 matIlson AVONILle ac Sex Stem Smwon CoP Meintech Catr 104 Iroothrt Se York 1120141150 STEARNS New York. NOW York 10179 (212) 272-2000 810 272.1000 FINANCIAL TRUST CO INC 6 a is STATELOCT KISCO ALcia 30.2003 THR0ECAI Seawater 30. 2003 Transaction Detail ACCONIT snmSER T/09AYEA NWOER CA File INVESTMENT ACTIVITY LAST STATEMENT .07.451 29.2003 SETTLEMENT /401 DM1 CAM IRMISAC11014 DEsuarnes/ SYPASSACuS/E OMMIltt Pelf£ AMOUM CREW /MOM 09/15/03 08/04/03 CANCEL SW. FNMA-30YR(FNMA)GTE1 5N98144 10.003.003 94.98438 9.498.437.50 SETT.09/03 DUE 09/01/2033 05.000% 0987280211332 REF 12003090446860000 85 AS Of DI3/04/03 TO M PREVIOUS SELL 09/15103 06/17/03 BOUGHT FNMA30YRUNTAI3GT0 5N98144 10,000.000 101.46875 10,146,875.00 -n SET7.09.03 DUE 09/01/2033 06.000% 0987280211332 RE/ 0 2003061746340000 BS C 09/15/03 08/04/03 SOLD FNMA-30YR(ENMA)GED 9498144 -10.003.000 94.98438 9.498.437.50 in 507.0903 DUE 09012033 05.000% 0987280211312 REF a 2003080446880000 BS 09/1663 08/17/03 CANCEL BUY ENNA30YR(FNMA)G1D 5N98144 -10.000.000 101.48875 10.146.875.03 SETT.09.03 DUE 09.111/2033 05.000% 0987280211332 RFF * 2003061746340000 85 AS Of 06117103 TO CAL PREVIOUS BUT r 09/15/03 07/28/03 BOUGHT FNMA 30YR GED SETT. 09/03 5N98292 10,000,000 100.10938 10.010.937.50 WE 09/01/2033 05.500% 0987135514332 REF • 2003072846180030 BS AS Of 07128/01 00/15103 07/28/03 BOUGHT FNMA 30YR GTO 5N98292 10.000,000 100.10938 10.010.938.00 SETT. 0903 CUE 0901/2013 05.500% TO9OSEOCIA19- ANGS 0987135514332 REF • 2003072846180000 BS OTE 1001/33:1064 001 in%) ITS 8 IJ IJ 41 IJ EFTA01320788 Waco 114,0113m ITS %POW( OPINED SuISPARr OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. M. Swap Setae. Coss BEAR 383 Madison Avenue New York. New Tort 10179 Ore Prows c_ WA 13330131. Mar 013 301.2369 STEARNS (212)272-2000 212) 313.11100 MANUAL TRUST CO INC 7 013 Stotmee otSOO AuSuSt 30. 2003 Tm110u0H Spume* 30.2003 Transaction Detail (continued) ACCOPrt /MOM TossAvOt we On Pie INVESTMENT ACTNITY (continued) MBT STATDADAT A19351 29. 2003 SC111014T IRCE Wf CATE 01.161.01011 CESCRIPSON SIAM/CUSP Cluutmv met 01.211 AMOUNT CAM AUOUNI 09/15/03 07/07/03 BOUGHT FNMA 30YR GTO 5088292 20,000,000 102.25000 20.450.000.0) SETT. 09/03 DUE 0901/2033 05.500% 0987280211332 0 0905/03 07/29.003 BOUGHT REF • 20030707541=00 BS FNMA 30YR GTO SE1T. 08103 5098292 35.000.000 99.48438 34,819,531.25 DUE 09101/2033 05.500% -n 0911503 09/03/03 CANCEL SELL 0987016110332 REFS 2003072948000000 IS FNMA 30YR GTD 5898292 65,000.000 98.80078 64.220307.81 SET!. 09/03 C DuE 09/01/2033 05.500% 0987280211332 rn REF • 20030903462110i:00 EIS IS OF 09/0303 TO CAL PREVIOUS SELL 09/1503 07/28/03 CANCEL BUY ROM 30YR GTD 5098292 -10.000.000 100.10938 10010937.50 SETT. 09133 DUE 09/01/2033 05.500% 0987135514332 REF • 2C03072848180000 BS AS OF 07/213/03 TO CAL PREVIOUS WY r 09/1503 07/28/03 CANCEL BUY FNMA 30YR GTO SETT. 0903 P/C 09/01/2033 05.500% 51498292 40400000 100.10938 10.010.938,00 0087135514332 REF 0708/03 2003072846180000 BS AS O• F TO CAL PREVIOUS WY 09/15/03 07/07/03 CANCEL BUY FNMA 30YR GTO 5/098292 .20.000.000 102.25000 µ 20,450,000.00 SETT, 09/03 Z0905£00- O19- ANGS WE 09.01/2031 03500% 0087280211332 REF * 2003070754350000 BS AS OF 07/07/03 TO CXL PREVMUS BUY 027 1001/03:1044 801 11413 I8 IJ 1,2 41 b.) EFTA01320789 WARD) nwouow rrS rmcur Ovn4D SueStiar OFFCE SERVICING YOUR ACCOUNT Sear. Steams & Co. Inc. 8•47 suns Seams Cap. BEAR 383 Manson Avenue Now York. New VW< 10179 Wentect, Comet teat Itccita. Nita Tot 112014959 STEARNS (212) 272-2000 (212) 2/2-1000 FINANCIAL TRUST CO INC ST MINT PSROD August 30.2003 THROIAM Sellember 30.2003 Transaction Detail (continued) ACCCurt MACSR mow= warn CM Tit INVESTMENT ACTIVITY (contimx6) LAST SURMA" August 29.2003 SOTLWENT MADE DE OATE TION144,04 44SCRIPCN PleINXRUSP Cc t1m Pm, COW MIOUhl MIXT AMCW 09/15/03 07/29103 CANCEL BUY FNMA 30YR GTD 5K98292 -35.000.000 99.48438 34.819.531.25 stn. 09/03 DUE 09/01/2033 05.500% 0987016110332 0 REF # MO072946090020 BS AS OF 07/29/03 TO CXL PREVIOUS BUY 09115/03 09/03103 SOLD FNMA 30YR GTO 5N98292 45.000.000 98.80078 64.220.507.81 m SETT. 0903 ME 09/01/2033 05.500% 0987280211332 REF • 2003090346290000 BS 09/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CM. 31392R6U0 4,205,000 ci m 09/15/03 PRINCIPAL SERIES 2411 CLASS Yr 1800 DUE 03n5/32 PRNOPAL RECUC1N 0815-03 FEDERAL HOME LORI MTG CORP 313928600 -487 SERIFS 2471 CLASS Yr 1000 WE 03/16132 H PRINCIPAL REDUCTN CO4543 09/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 3139276E2 -3.60%000 SERIES 2483 CL SI. 5,880 OM 03/15/32 r 09/15/03 PRINCIPAL PITICIPAL REDUCIN 09-15-03 FEDERAL HOME LOAN MEG CORP 3139216E2 -553 SERIES 2483 CI. Si. 5,880 DUE 03/15432 PRINCIPAL REDUCTI4 09-15-03 09/15/03 PRINCIPAL FEDERAL HOME LOAN MG CORP SERIES 2488 CLASS SO 313927/32 -ir123,000 6.880 DUE 03/15/32 £090SEOCIND- ANGS PRINCIPAL REDUCTN 09-1543 09/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 313921132 -479 SERIES 2488 CLASS SO 6.880 DUE 03/15/32 PRINCIPAL REDUCTN 09.15-03 027 10001/0t1446 001 VII) EFTA01320790 CLEM» ~COCA mi mart* CfAutO SUBSCuRv OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. Na'. Rums Wanes Cc. BEAR 383 Ma son Avenue New WA, New Yeek 10179 a.Øn CAA* 11011 boalp. Xw Teel 1120,4859 STDNRNS (212) 272-2000 C2121 112.1000 FINANCIµ TRUST CO INC 9 ern STATE'S« PEACO Altiusl 30, 2003 710C4.514 Se{tentge 30.2003 Transaction Detail (continued) 80020/67 Wale T•XP8rt11 WAWA INVESTMENT ACTIVITY (cominued) LAST STATDÆNT Au3ult 29. 2003 WNW« IRA« MR art 11ANSACII3N IXSCRIPTICH 571.930CUSIA CuAlain MALI Ot8ITAVINJPrt CROW AMOUIO 09/15/03 PRINCIPµ FEDERµ HOME LOAN MTG CORP 31393F686 -1.601.000 SEWS 2526 CLASS SI 5.850 DUE 02/15/32 PRINCIPAL REDUCTN 09-1543 09/15/03 PRINCIPAL FEDERµ HOME LOAN MTG CORP 31393FG86 -287 SERFS 2526 CLASS SI 5.880 DUE 02n 542 PRINCIPAL REDUCTN 09.1543 -n 09225703 PRINCIPAL FEOERµ NATIONAL MTG ASSN STRIP MTG SERFS 322 CL PO 0.001 DUE 03/01/32 • 3136FALEW 307237.03 PRIN RID 08-03 F19 094543 REPOP & I 0.0000 in 0825/03 PRNCIPµ FANNIE MAE GAO/SEINES 2002-82 S840 FUR 6.930 DUE 10/25/31 PRNCPµ REDUCTN D9-25-03 31392FS73 -1,534,000 09/25/03 PRINCIPAL FANNIE MAE CMO/SERIES 2002-82 31392FS73 -778 3840 FLTR 6.930 DUE 10/26/11 PRNCPµ REDUCTN 09-25-03 09/25.103 PRINCIPAL FEDERµ NAllONAL MTGASSN 31393C2C6 -1.090,000 r SERIES 2003-49 CLASS SW 5.980 DUE 01/25/33 PRINCPAL REDUCTN 0925-03 09/25/03 PRINCIPµ FEDERµ NATIONAL MTGASSN 31393C2C6 -570 SERIES 2033-49 CLASS SW 5.880 DUE 01/25/31 PRINCIPAL REDUCTN 09-2543 TOTµ $-159,157.227.06 5159,464,464.06 6090S£00 W9 027 1001103.1054 001 v813 EFTA01320791 -1.00U3N ITS wmccor M.&0 StA31.13m9 OFFCE SERMING YOUR ACCOUNT Bear. Steams & Co. Inc. Oar. 3bwre 5«triti Corp. BEAR 383 Macloon Avenue Coo meraec, Com Volt, Beccer. Veto rca 11101-3859 STEARNS New York. New Yolk 10179 (212) 272.2000 2ID 272.1:00 FINANCIAL TRUST CO INC 10 a• SIATriec IVACO ALgtig 30.2003 3300UGH Septembe 30. 2003 Transaction Detail (continued) ACCOUNT mAeER TAxPAYE0 Sae n lie INTEREST LAST STATEMENT Aug= 29.2003 WE OCSCRIPTKIN SYMIOLUISI, OLIOXIITT RUE I OM AMOUNT CRUM mew 09,92/03 AVG 8AL 488.921RT 0.325 128.15 021 CinCE INTERTST 0803 09/15/03 FEDERAL NOME LOAN MTG CORP 31392R61.10 1.0000 41.264.85 0 SERFS 2471 CUSS 17 DUE 03n 92032 1.000 INTEREST PATIENT 0945.03 09115/03 FEDERAL HOME LOAN MTG CORP 31392T6E2 5.8800 141,140.15 -n SERFS 2483 CL Si. DUE 03/15,7032 5.880 eilERFST PAYMENT 09-15-03 09/15/03 FEDERAL HOME LOAN MTG CORP C SERFS 2488 CLASS SO 313921/32 6.8800 143.107.41 in DUE 03n52032 6.880 MEREST PAYNENT 09-15-03 09/15/03 FEDERAL NOME LOAN MEG CORP 31393FAF3 &2800 168,159.56 SERIES 2530 CLASS SE WE 02/15/2032 6.280 NT RA) 08-03 ND 094543 REPO P 6I 6.2900 09/15/03 FEDERAL NOME LOAN MTG CORP 31393FGB6 5.8800 67.545.40 SERIES 2526 CLASS Si WE 02/15/2032 5.880 r 09/75873 MEREST PAYMENT 09-15-03 FAN NIE MAE CMO/SEPJES 2002-82 31392F573 6.9300 98.763.24 SCUD FITR DUE 10/2512031 6.930 INTEREST PATIENT 09-25433 09/25/03 FEDERAL NATIONAL MTG ASSN 31393C2C6 5.8800 102.692.4D SERFS 2033-49 CUSS SW DUE 01/25/2033 5.860 S0905£00- O19- ANGS INTEREST PAYMENT 09-25-03 TOTAL 5762.607.16 027 100103 10 54 COI 9111 rn I S IJ IJ b.) --3 EFTA01320792 CUP/a0 TiaCt.3), rye VMCU.Y Ovna0 PuttMate OFFICE SERVICING YOUR ACCOJNT Bear. Steams 6 Co. leg. Dew. Sian Sauget Cap. BEAR 383 Madison Avenue New York. New York 10179 one Matuat Cater Nall) Omer Nat bat 11Z01.3359 STEARNS (212) 272-2C00 (211,12P2.1C00 FINANCIAL TRUST CO INC 11 a •1 sTattatar PRA= Aufpal 30.2003 twocuo, Seplerrter 30.2003 Transaction Detail (continued) ACCCON7 NIAMER mama% apaCA 01 bit REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS LAST STATIMPT AUQUU 29. 2003 with Bear,Stearns& Co.lne. SURDA017 CATE DATE 19.6NSALICa CASCRIP1101. SnallOUCUSP GNAW( DOM MOM MINI alit 09/05/03 JOURNAL ADP CO 8888888 5.033.000.00 FITM-PR F1643206014 8.625 DUE 12131149 2074420692 0 09/05/03 JOURNAL ADP CO ITIM•PR F2483202011 8.625 DUE 12/31/49 8888888 5,033,000.00 2074420692 -n 09/05/03 INTEREST ADP CD DUE 12/302049 8.625 Frrm-PR F1643206014 8888888 685.05 2074420692 C 09/11/03 JOURNAL FEDERAL NATIONAL MTGASSN 3136FAL01 2.311.383 rn STRIP FAG SUES 322 CL PO 0.001 CIJE03/01/32 FITAURGN F2053168 A2 TERM REPO AGREEMENT 09/12/03 JOURNAL ADP CD 8888888 3.283.000.00 FIIM-FR F2483202013 8.625 DUE 12/31/49 2074420692 09/12/03 JOURNAL ADP CO 8888888 5833.000.00 num* F2483202012 r 8.625 DUE 12/31/49 2074420692 09112/03 INTEREST ADP CO 8888888 627.73 DUE 12/31/2049 8.625 FMA•FR F2483202012 2074420692 09/29/03 JOURNAL ADP CO 8888888 3.283.000.00 90905£00- O19-ANGS FrtM-PR F2483202014 8.625 DUE 12/31/49 2074420692 027 ieenoricis. eel vin3 8 b.) IJ 41 b.) 00 00 EFTA01320793 CLEANED TMIOUGN 118 Wetly OWNED SUESIDIART OFFICE SERVICING 117UR ACCOUNT Sew. Stearns 4, Co. Inc. Yu Swans Se010/4 lap BEAR 383 Madison Avenue (re *Meth Caw NET Ilroutbn. Not Yak 112014859 STEARNS New York, New York 10179 (212) 272.2000 (2121 2720020 FINANCIAL TRUST CO INC 12 au STATINENT ounce Autuu 30.2003 TNROU001 Septerrter 10.2003 Transaction Detail (continued) ACCOUNT NUVIIER TOXPAYER kweet Co Fee REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) LAST STATCUENT Au9.81 29.2013 SAMDAM NUM DATE DATE TRANSICIO1 oCkfaantra 511.910/0/512 COMM DM AVOW 01100 1810UNT 09/2903 JOURNAL ADP CD 8888888 3.283.000.00 FITM.PR F2483202015 8.625 DUE 12/31/49 2074420692 0 09/2903 JOURNAL ADP CD FITISPR F2483202016 8.625 DUE 12/31/49 8888888 3.283.000.00 2074420692 -n 09129103 JOURNAL ADP CD FEIM-PR F2483202017 8.625 C4JE 12/31149 8888888 4,396000.00 2074420692 C 09/29/03 in MTEREST ADP CD DUE 12/31/2049 8.625 FrrMeR F2483202014 2074420692 8888888 1.045.09 TOTAL 5-15.995.000.00 516.634.357.87 MISCELLANEOUS r DA11 MUTAT 09/12/03 11014.14101 JOURNAL C0011•00/ FNM430YR(FNMA)GTO DM MEOW 648,437.50 MOP MEOW SETT.0903 5.000 DUE 09/01/33 M85 NET 09112.03 09/12)03 JOURNAL FNMA 30YR GED 1.059.060.94 Sin. 09103 5.500 DUE 0943103 LO9OSEOCIN9- ANGS m8S NET 0912403 0915/03 JOURNAL AUG 03SPEC CLEARING FEES 250.00 TOTAL 3.1.708448.44 077 1001.011054 001 ve13 I8 b.) IJ b.) EFTA01320794 AT CAIRO THAW& ITS %%MOLL fTWICD SIJIISOMNI OFFICE SERVICRAG YOUR ACCOUNT Bear. Steams & Co. Inc. Saw. Slain SAALAN5 Ccla BEAR 383 machson Avenue New Ycd. New Tort 10179 One 5TeroosTIT COMM Ram ORRARn. —Yoh 11201.1659 STEARNS (212) 272.2000 1212) 212.1000 FINANCIAL TRUST CO INC 13 au sTAttign WACO AtRust 30.2003 Sagenter 30. 2033 Trades Executed Pending Settlement ACCOUNT WARR TAXPAYER WRIER LAST STATERENT Illtm &Rust 29. 2003 SOTLCIIIENT TRADE DATE DATE TRANSACTOR OESCOSITON macaws* GUANTITA PRO OTOR mane CREW 0.10uUT 10/15/03 09/30'03 BOUGHT DI. HOME LOAN MTO CORP, S03602 3.489.227.00 82.3125 2.872.070.30 SERIES 223 CIA.% PO DUE 1201/2032 0987022118332 0 10115/03 09/03/03 BOUGHT REF 0 2003093046840000 BS ENMA•30YR(FNIAA)GTD SETT.10/03 51195388 65.000.000.00 98.4062 63.964.062.50 DUE 10/01/2033 05.500% -n 10/15/03 09/04/03 SOLD 0987280211332 REF • 2003090346250000 BS FNPM.30YR(FNMA) MD 5/095388 -15.CODOCO.00 98.9687 14.845.312.50 C SETT.10/03 WE 1001/2033 05.500% in 0987031317332 REF • 2003090454000000 BS z 10/15103 09105/03 SOLD FASAA-30YR(FNMA)610 SETT.10/03 DUE 1001/2033 05.500% 0987031119332 5N95388 -10.000.030.00 99.5312 9.953.125.00 REF * 2013090546050000 BS AS OF 09/0503 10/15/03 010503 SOLD FAIM4-30YR(FNMA) GTO 51495388 -10.000.000.00 99.5312 9.953.125.00 r SETT.1003 DUE 1001/2033 05.500% 0987031119332 REF • 2003090546050000 BS 10/15/03 09/05/03 CANCEL SELL FNM.A.30YR(FNMA)GED 5N95388 -10.000.000.00 99.5312 9.953.125.00 5ETT.10/03 DUE 1001/2033 05.500% 0987031119332 REF • 2003090548060000 65 8090SEOCIN9- ANGS AS OE 09106/03 TOTAL 376.799.257.80 334.751.562.50 T. tog tilOOS m a some w any otter noon ef w ffs•neel. 027 100103.1014 001 1913 8 1.2 8 EFTA01320795 CU-um Mean.. TS ife4OLLY OWSED SLAISOARY OFFICE SERVICING YOUR ACCOUNT Beet. Stearns & Co. Inc. kr. Sten Sens Cap. BEAR 383 Macedon Avenue New York. New Yak 10179 One Weerotexn Caw Werth Mohr. — Reg 11201.3ES9 STEARNS (212) 272-2000 1212) 271.1000 frautraAL TRUST CO INC ACCOUNT EXECUTIVE GNMA GOVT BOND STATOR:NT mei= lull 26.2003 VISIT OUR WEBSITE mrrobearateann.com ThREACH AUpuSt 29.2003 AccoAre AuAlER What's In This Statement Ilndltttlttltll Ill TAXPAYER MASER Os Fie LAST sTATCvner APT 25.2033 Financial Summary 3 FINANCIAL TRUST CO INC Your Portfolio Holdings 4 C/0 JEFFREY EPSTSN 6100 RED HOOK QUARTER Transaction Detail 6 STE 83 Trades Not Yet Settled 13 ST THOMAS VI 00802 0 m C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL VALUE OF SECURITIES NIS FERCO 13.626.053 Cara & Equaan — 6244 5531.555 Important Message Bear Steams is pleased to announce ces convers,on to a calendar month-end LONG ACCRUED MEREST 210.286 F t4 513.626.053 statement. Effective Kura 518.500.041 September 2CO3.your NET CREDIT BALANCE 244 IICCOLO1 statement we MI Current marker Yaks) reflect MI acbvity and NET ECPATT TICS PeM00 $13,836.583 mat statement's menet value aCCOunt valuation up to and r NET EQUITY LAST STATEMENT 19.252.646 moiling the last business day of the month. CHANGE SINCE IAST STATEMENT -5.416.063 There are no Stop Loss' orders or Met pending buy or sell open orders on file for your account. _ 60905£00 IN9 ANGS SIM TITS Ern" PalTormtbrel gna. Wynne:it nrato 304 UT barumn Troi argaire redo es ware* b yet row% SHIP/WY fo• iTpatift kOpmsozn. 017 041,3003.13 IS CO1 41112 IOEIZZOOV.L43 EFTA01320796 CLIME* THROWN rtS ‘31.033 Owliro SuaS00JEY eta. Stens Strum tap. one Mental* Cow 1100 177038... Nat rat 11201.3859 CM 212.1000 FINANCIAL TRUST CO INC 2 014 0 -n STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r OT9OSEOCIA19- ANOS 027 003042:12:13 OM I S to 1./.3 8 EFTA01320797 0 -EARED TIRMCM In RAO./ OARED MASIMARY OFFICE %MKTG YOUR ACCOUNT Bear, Steams & Co. Inc. S . Stern Starts. CCM. BEAR 383 Madison Avenue Cm• Mtbelech Cent NOM °Katy\ Ms rot 11201.38$9 STEARNS New Yon( New York 10179 (212) 272-2000 1214 272.1020 FINANCIM. TRUST CO INC 30114 STATEMENT PERM* my 26.2003 riniOuce4 ALgum 79.2003 ACCOMIT MAW Cash Flow Analysis Income Summary TAXPAYER WOOER On at nee pude° THIS PERO) raft 10 OAT( UST STATTAINT Jul, 25. 2003 Opening8alance 5531.555.12 God. Agency Mt. 774.898.10 7.126.965.15 Corp. Bond ht. 112A13.41 8438.715.93 Securities Sold 37.638.376.55 Great Balance Int 41.58 803.30 DividerchAnterast 887.353.09 Reverse Remschase Iri. 1376.55 16.060.93 Miscellaneous 529.666.62 0 Amount Credited 539.055.396.26 Total Bend Purchase Int. 5890.729.64 0.00 58.032.545.31 -50.156.82 -n Securities Bought .36,628.000.00 Repurchase M. Erp. 0.00 .24.344.52 Miscellaneous .2,958,706.92 C Amount Debited 5.-39.586.706.92 rn Net Ceti AelMty -531.310.66 Portfolio Composition CasIstash Equiv./ern 244 ClosingBalance 5244.46 Feed Income 13.626.063 Your Portfolio Total 513.626.297 Allocation Cash Balance Summary r Margin 531.555.12 244.46 Net Cash Balance 5531.555.12 $244.46 IT9OSEOCIN9- ANGS Fad Income- 100% WOWS Radom amMa 6.4t tate* smite mai mat .ran. M., scout rettaliro H Cow titer, We *Ovate h ash mice ea >tar wino 027 DYJOp1.13 IS 001 4511 I8 IJ IJ EFTA01320798 CLEARED TERM/4 ITS VIACALv 0704.0 SuSIMARY OFFICE SERVICING YOUR Aet0 Usfr Bear Rea Saint Cap Bear. Stearns 6 Co. Inc. BEAR 383 medium Avenue Ore AtenvAch Cow Mn Snap M. Yon 11201.31)52 STEARNS Now Yak. New York 10179 (21 2) 272-2000 0121 272.1033 FINANCIAL TRUST CO LNC 4 sit STETWERT PERKO My 26.2001 Doman Amon) 29.2003 Your Portfolio Holdings Acen NT NUAKR CASH 8 CASH EQUIVALENTS TAXPAYER ALEASCRI FI NET STAID/ENT JO 25. 2003 MARKET MEAL= CLEMENT DES0117TION eaCt VALE AAPALLL ROA TIRO 113 CASH BALANCE TOTAL CASH & CASH EQUIVALENTS FIXED INCOME -n Government & Agency Obligations 'Cl Gummy DECELED 23111.010 0.111100 OESCRVION 31111XX/CUSIP PACE SAME VALLE MKS! ANIMAL MCCUE woo LEI C FEDERAL NOME LOAN MTG CORP 31393FGB6 MRGN 13.761.373 10.2416 1.409.390 31.523 810.545 57.5103 rn SERIES 2526 CUSS 54 DATED DATE 1001/02 BOOK ENTRY ONLY DUE 02/15fX02 5,890% FACTOR • .53468856 FEDERAL HOME LOAN MTG CORP 31392R6U0 AARON 49,517,820 3.7670 1,885.312 19.260 495.178 26.5467 SERIES 2471 CUSS YT DATED DATE 0607/02 BOOK ENTRY ONLY DUE 03/15/2032 1.000% r FACTOR . .49517821 FEDERAL HOME LOAN MTG CORP 313927/32 MRGN 24.924,367 11.2060 2.792.769 86,780 1.717,289 61.4905 SERIES 2488 CUSS SO DATED DATE 07)08)02 BOOK ENTRY ONLY DUE 03/15/2032 6.890% FACTOR . .49848736 FEDERAL. HOME LOAN NRG CORP 3139216E2 MRGN 28.755.209 10.4299 2.999.138 65.864 1.693.682 56.4723 ZT905£OO- O19-ANGS SERIES 2483 CL SL DATED DATE 07/02/02 800K ENTRY ONLY OLIE 03116/2032 5.890% FACTOR .49848736 027 02/300=13:15 ml VElt 8 b.) IJ EFTA01320799 0.2.9810 1101COGH Rj ve19:545, MIMEO 31.19:5001ARY OFFICE SERVICING YOUR ACCCUM lika. Sewn. Searees WO. Bear. Steams 8 Co. Mc. BEAR 383 Madison Avenue Coe 11545acn Crew Ikon &COWL MVO Yen 112014859 STEARNS New York. New York 10179 (212) 272.2000 (212I 2724020 FINANCIAL TRUST CO INC 5e4 STATEiana MOOD My 26.2003 TI480201 km.m 29.2003 Your Portfolio Holdings (continued) P4COutif mom TAXPANTR mad On Fle LAST srAmerr my 25. 2003 Government 8 Agency Obligations (corrimec) FCC ACCRUED (nano CURRO4 SVIASOLCVSIP off WANT" >ME MOW YAlur 0499251 Walt SCOW YEW OP FEDERAL NATIONAL MTG ASSN 31393C2C6 PARCH 20,922.051 10.5000 2,196.815 13,692 1.232.309 56.0953 SERES 2003-49 CLASS SW DATED DATE 04, 3003 800% ENTRY ONLY O CVE 01/2512033 5,890% FACTOR - .86075034 Total Government& Agency Obligations 511.263,424 $197.119 55.949.003 -n Corporate Bonds C AX1 lt-CtIAD ISTIVATED Oaf III in DESCRIIIION SWINOUCLIS1 mew Cramarry ron. VAN° vALLE MINS' 4•422142 PECOut 51O.OIL FANNIE MAE CMOISERIES 2002-82 31392FS73 MRGN 17.077.216 13.8350 2.362.629 13,167 1,185.159 50,1627 SKRO FUR DATED DATE 10402/02 BOOK ENTRY ONLY DUE 10/25, 2031 6.940% FACTOR . .683Cettee Total CorporateBonds 52.362.629 513,167 51,185,159 TOTAL FIXED INCOME 513.626.053 5210.286 $7.134.162 r YOUR TOTAL ACCRUED INTEREST 5210.286 YOUR TOTAL ESTIMATED ANNUAL INCOME 57.134.162 YOUR PRICED PORTFOLIO HOLDINGS 513.626.297 ET905£00- 019- ANGS 027 09,300112 15 WI YTl2 to 8 IJ 0 EFTA01320800 DIMES !MONK ITS WSCSLY MONO SLOSO9fry OFFICE SERVICING YOUR ACCOUNT Bead. Stearns & Co. Inc. Sew. Swann StarteS Cap. BEAR 387 Madison Avenue New York. New York 10179 Eno %Mown Crm Path Omar_ Pop Yeet 11101.3159 STERNS (212) 272-2000 (216272.1000 FINANCIAL TRUST CO INC 6 ten STATEN/If NINO AN 26.2003 THROWN ANN 29.2033 Transaction Detail AOCCMIT mxPAY19 M.M1ER On Me INVESTMENT ACTIVITY LAST !OATS WSW MV 35.2003 SE1119.0.7 MOE OAR OAR NUISACIIMI DESCRIPT311 SNOCUCINP OUNIM PRICE MEM NOON MOM NENT 08107103 JOURNAL FEDERAL HOME LOAN MTG CORP 31393FAF3 5 SERIES 2530 CLASS SE 0293 DUE 02/1542 0 08/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2471 CUSS YT 1,000 DUE 0115132 PRINCPAL REDUCIN 06-15.03 31392R6U0 -8.957,000 -n 08/15/03 PRINCIPAL FEDERAL HOME LOAN MEG CORP SEWS 2471 CLASS YT 1,WO DUE 0115/32 PRINCIPAL REDUCER 0615-03 31392R5U0 -892 C 08/15/03 PRINCIPAL FEDERAL HOME LOAN MEG CORP 3139276E2 4.201.000 rn SERES 2483 CL SE 5.896 DUE 03/15/32 PRINCIPAL REOUCIN 00.1543 08/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 3139276E2 486 SERES 2483 CI. 1. 5.890 DUE 011132 PRINCIPAL REDUCER 08.1543 08/15/03 PRINCIPAL FEDERAL NW( LOAN MTG CORP 31392032 -4,508,000 SERIES 2488 CLASS SO 6.890 DUE 03/15/32 r 08/15/03 PRINCIPAL PRINCIPAL REDUCER 084503 FEDERAL HOME LOAN MTG CORP 31392032 -878 SERIES 2468 CLASS SO 6.890 WE 03/15132 PRICVAL REDUCER 0815-03 08/15/03 PRINCIPAL FEDERAL HOME WAN MTG CORP 31393FG86 -2.496.000 SERIES 2526 CLASS SI 5,890 DUE 02/15/32 VT90SE00- O19- ANCIS PEEWIT& REWCTII 08-15-03 08115/03 PRINCIPAL FEDERAL HOME LOAN MEG CORP 313931686 .782 SERES 2526 CLASS SI 5180 DUE 02/15/32 PRPTCPAL REDuCTIT 08-15-03 027 CONO3:131$ OM N12 rn 8 IJ U.) EFTA01320801 ar-010 TkpoLCK rti %%Cu. Om= SuILSOARY OFFICE SUMCING YOUR ACCOUT Bear. Stearns 6 Co. Inc. kw. SYn. Snflies Com BEAR 383 Mt/0w Menus New York New York 10179 ere Yemen Call POT troatti. Pm. Vat 11201.11ISS t212) 272.1000 STURNS (212) 272-2000 FINANCIAL TRUST CO INC 7>14 STAnaea PU003 Mr 26.2003 roPtueut AuguSt 29.2003 Transaction Detail (continued) Aoccwer PiuMeR TAXPAAR MUMPS On rile INVESTMENT ACTIVITY (continued) 1MT STATSUENT Ai1f 25.2003 srnuecor otriN COX MR MAMACCON MSCAPIXIII SVPMOUCUSP COMM PRICE CCM ANCUI0 Calor MUM 08/25103 PRINCIPAL FANNIE MAE CMO/SERIES 2002.82 31392F573 -2,332.000 SK4A) FLTR 6.950 WE 10/25/31 PReCIPAL REOUCTN 0845-03 0812903 PRINCIPAL FANNIE MAE CIAO/SERIES 2002-82 31392F573 -292 5K-AD FUR 6.950 OLE 1012541 PRINCIPAL REDLICTN C04503 ii 0845/03 PRINCIPAL FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW 5.900 DUE 012933 31393C2C6 -1.801.000 PRINCPAL REDUCTN 003-25-03 in 08/25103 PRSNCIPAL FEDERAL NATIONAL MTG ASSN SERiES 2033-49 CLASS SW 5.900 DUE 0125/33 PRINCIPAL REDUCIN 08-2503 31393C2C6 420 TOTAL INTEREST r OME 07/28/03 OESCR•110.1 AVG BAL 146,204RT 0.385 SYMIOUDISP OUMTIVI PM (IQ Offin Avata MCP MOM 41.58 021 OFFCE INTEREST 0703 08115/03 FEDERAL HOME LOAN MTG CORP 31392R6U0 1.0000 48.72936 SERFS 2471 CLASS VT DUE 03/1542032 1.000 MEREST PAYMENT 08-15-03 ST9OSEOCIN9- ANGS 08/15/03 FEDERAL HOME LOAN MTG CORP 3139276E2 5.8900 156.75143 SIRES 2483 CI. St DUE 03/192032 5.890 MEREST PAYMENT 00-15-03 021 C*8103:13-15 001 2012 8 IJ EFTA01320802 anno TeiROUGH ITS woOLLY O•vNe. SueSOMY OFFICE SERVICINIG YOUR ACCOUNT Bear, Sten & Co. Inc. lev San SnUts Or. BEAR 383 Madison Avenue New Yak. New York 10179 0.< ~Itch Gnat Pin Irocktp. LM York 11201.3639 STEARNS (212)272.2000 ISM 2/2.1000 FINANCIAL TRUST CO INC 8 a bi STATonT «ROD JO/ 25 2003 Diearo. August 29, 2OO3 Transaction Detail (continued) PCCOLNT wueet Trnat. Meet On fro INTEREST (continued) LAST STATDAENT ›i/ 25.2033 DAR ascent», SWICOWSP OtiViTnY RATE N 0017 ~WOO 08/15/03 FEDERAL HOME LOAN MTG CORP 313921'/32 6.8900 169,072.41 SERIES 2488 CLASS SO DUE 03/15/2032 6.890 INTEREST PAYMENT 08-15-03 0 08/15/03 FEDERAL HOME LOAN MTG CORP SERIES 2526 CUSS SI DUE 02/15/2032 5.890 31393/G86 5.8900 79.842.71 INTEREST PROEM 08-15-03 08/18,03 FEDERAL HOME LOAN MTG CORP 31393FAF3 6.2900 198,767.97 F I SERIFS 2530 CLASS SE CUE 02t192032 6.290 8-15 REPO PRAT 08/25/03 FANNIE MAE CMO/SERIES 20)242 31392F573 6.9500 112,413.41 rn 5840 FUR DUE 10/25/2031 8.950 MEREST PAYMENT 08-25-03 08/25/03 FEDERAL NATIONAL MTG ASSN 313930206 5.9000 111,724.22 SERIES 2OO3-49 CLASS SW DUE 01/25/2033 5.900 MERE51 PA,MENT O8-25-O3 TOTAL 5867,353.09 r REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear, Steams& Co.Inc. StrIllWelt TRAM MAXICIICH DÉSOSPTOPI SneXtuSIP wan 329nAVa.3n MOW ~I 07/29433 JOURNAL ADP CO 8888888 4.185.000.00 FITM-PR F16432O5O1,1 91905£00- IND- ANGS 8.625 DUE 12/31/49 2074420692 07/2403 JOURNAL ADP CO 8888888 6,040,000.00 ETTIA-FR F1643206010 8.825 DUE 12/31/49 2074420692 aRl 01t3~13:1$ 001 1m19 rrl 8 IJ 00 EFTA01320803 CLEARED TAMAN ITS w9OLLY DATED SLIASTuate OFFICE SERvCaG YOUR ACCOUNT Beer. Steams & Co. Inc. Se&. Suns Socuim• Cap. BEAR 383 Mattson Avenue one lawatot CaTw TNT &WM; New at 20 TM STEARNS New Tort. New York 10179 (212) 272.2000 014 272.1000 RNANCW. TRUST CO INC 9 wr 14 STATEMENT Afte00 SAE 26. 2003 THROAT August 29.7003 Transaction Detail (continued) ACCOUNT MIMPOI TAXPAYER MATER On fie REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) LAST STATDADer July 25.2003 SEEDIEST DIMDE OAT DATE TRANSACTION CESCAPTIEN STTOJCUS. TUMMY DOM MACM61 GREEN Meal 07/29/03 INTEREST ADP CD 8888888 1,256.66 WE 12/31/2049 8.625 FI1M-PR FIE.4320601G 2074420692 07/30/03 JOURNAL ADP CD 8888888 3.880.000.00 RIM-PR F164320601) 6.625 DUE 12131/49 2074420692 -n 07/30/03 JOURNAL ADP CD FITM-PR F1643206011 6.625 WE 12/31/49 8888888 4,185,000.00 2074420692 in 07/30/03 INTEREST ADP CD 8888888 84.86 DUE 12/31/2049 8.625 FTIM-PR F1543206011 2074420492 07/31/03 JOURNAL ADP CD 8888888 3.000.000.00 FMAPR Fi64320601L 8.625 DUE 12/31/49 2074420592 07/31/03 JOURNAL ADP CD 8888888 3,880,000.00 FrnA-PR 1164320601k r 8.625 DUE 12/31/49 2074420692 07/31/03 INTEREST ADP CO 8888888 84.07 DUE 12/31/2049 8,625 FITM-PR 71643206016 2074420692 414-• 08/04/03 JOURNAL FEDERAL HOME LOAN MTG CORP 31393FAF3 -37.901,958 SERIES 2530 CLASS SE LI90SE00- O19-ANGS 8293 DUE 02/15/31 FMMRGN 12163291 Al REPO AGREEMWT on OSI300113:15 001 4412 8 b.) IJ EFTA01320804 twat* twtot.nm rtS MOLL 05960 991130Var OFFICE SERVICING YOUR ACCOJN1 Ova lure 59cuagn Cap. Bear. Steams 6 Co. Inc. BEAR 383 MadIsm Arenue New Ycek. New York 10179 Ono Wrap:9 Cana North 1903.139. Nee an 11701.3559 GM a 2I2.t STEARNS (212) 272.2030 FINANCIAL TRUST CO INC 10 a•. STATIMINT PIA300 My 26.2033 TWOR7301 Appal 79.2033 Transaction Detail (continued) Accowa ML* ER TA/MAYER Patel REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS Forcrued) tar STAMILMT AN 25. 2003 SEW MAO( DAR DAR 1917453011011 DISCRP11011 599110UCUSP atutam ccen annum MAI want 08/08/03 JOURNAL ADP CD 8888888 3.000.003.03 FIDA-PR F16432060114 8.625 DUE 12/31/49 C) 2074420692 0 08/08/03 JOURNAL. ADP CD FD1A-PR F184320601N 8.625 DUE 12/31/49 8888888 3,000,000.00 2074420692 -n 08/06/03 JOURNAL ADP CD RTIAPR F1643205010 8.626 DUE 12/31/49 8888888 3,000,000.00 2074420692 C 08/08/03 JOURNAL ADP CD 8888888 3.765.000.00 in 1171.4.PR F1643206019 8.625 DUE 12/31/49 2074420692 08/08/03 INTEREST ADP CD 8888888 464.17 DUE 12/3112049 8.625 FITM-PR F16432060114 2074420692 08/28/03 JOURNAL ADP CD 8888888 3,765=0.03 FIT/A-PR F1643206010 r 6.625 DUE 12/31/49 2074420692 08128/73 JOURNAL ADP CD 8888888 3.785.00100 FITLI-PR F1643206018 8.625 WE 12/31/49 2074420692 08/28/03 JOURNAL ADP CO 8888888 3.765.000.00 F111A-PR F1643206015 8I9OSEOCIND- ANGS 8.62$ DUE 12/31/49 2074420692 08/28/03 JOURNAL ADP CO 8888888 5.030.030.00 FIDA.PR F1643208017 8.625 DUE 12/31149 2074420692 022 066003.1314 001 tit EFTA01320805 MAURO THROUGH ITS VORALY OARED SL/32201ARY orrict SERVICING YOUR ACCOUNT Bear. Steam & Co. Inc. Sear. — Sourtis c BEAR 383 Madison Avenue OR 100=0 Crow Mem Orme" Mn Tort I1201.3859 STEARNS New Yak. New York 10179 (212) 272-2000 WO 2724070 FINANCIAL TRUST CO INC 11 or Ta FTAIlvFM Pt 100 My 26.2003 nsKARAI Au222 29.7003 Transaction Detail (continued) ACCOuwt mane TAAPAYEA Nab, REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) tion evaviete Jury 25.2003 SinumEm now DAR OAR FRAASACIK*1 ono/senor/ SOAKOCASP granny can M000 mon AMO.P0 08/28/13 INTEREST ADP CD 8888888 1.390.96 0 DUE 12131/2049 8.625 FIIM•PR F1643206010 2074420692 0 08/29/03 JOURNAL ADP CD FITM-PR F16432060111 8.625 DUE 1201/49 8888888 5.003.003.00 2074420692 08/29/03 JOURNAL ADP CD µ 8888888 5.030.030.00 1 1 FR/A-PR F1643206019 8.625 OUE 12/31/49 2074420692 C 08/29/03 JOURNAL ADP CD in F164320601W 8.625 DUE 12/31/49 2074420692 8888888 5.000.000.00 08/29103 JOURNAL ADP CD 8888888 5.033.000.00 TTIMPft F1643206016 8.625 DUE 12/31/49 2074420692 08/29)03 INTEREST ADP CD 8888888 95.83 r DM 12/31/2049 8.625 171.4-PR F164320601U 2074420692 TOTAL 5-36.628.000.00 537.638,376 55 MISCELLANEOUS 6T9OSEOCIA19- ANGS OAR MOON 171ANSACIICW DISCRIRION OM MOM MOO AVOW! 07/29/03 JOURNAL 7111.1 TO FRG 531.596.00 07/30/03 JOURNAL FITM TO PDC 1.856.257.00 07/37/03 JOURNAL FITM TO MG 30e085.00 027 cenotatitis ool rn 8 h.) EFTA01320806 CLINKS 71.1110~ ITS ~my asNE0 SUISSOVirr OFFICE SERVICING YOUR ACCOUNT leis 5— — Cop Um. Stearns & Co. Inc. [3C-AR 383 Mackson Avenue Ose ilevasech Lefler Sat &Asap. Now Yet 11201441.30 STUkRNS New York. New York 10179 (21 2) 272.2000 12121272.1[02 FINANCIAL TRUST CO INC 12 STAMM( Meats Jul) 26.1003 TMOG44 &IOU 29.2003 Transaction Detail (continued) ACCOUNT TMPAYER NUISDI On Fie MISCELLANEOUS (cmitInuird) UST symo.ner July 25.2003 ~DIN 111MSACI1ON Ot$C11111011 DUE AvCSNI MCC AMMO 08/01/03 JOURNAL FMA TO FUG 250.000.00 08/11/03 JOURNAL FITG TORTA 134,451.00 0 08118703 JOURNAL FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS Yr 1.000 DUE 0.1115r12 P&I TRNFR 7,309.46 08/19/03 JOURNAL JULY 03 SPEC CLEARING FEES 1150.00 08/19)03 JOURNAL FEDERAL HOME LOAN MTG CORP 7.309.46 SERE 2471 CLASS Yr 1.0:0 DUE 03/15/32 PM TRNFR m 06/21)03 JOURNAL FEDERAL HOME LOAN MTG CORP SERFS 2471 CLASS 77 1.000 DUE 03/15/32 Pal IRHFR 14,618.92 ADJ. OWE 08727/03 JOURNAL FEDERAL NATIONAL WC ASSN 380.596.70 STRIP MTG SERIES 322 Cl PO 0001 DUE 03401/32 PM MIR r TOTAL $-2 959.705 92 5529.686.62 OZ905£00- IND- ANGS 021 OWAY03:111S 001 V$12 tn IJ IJ 10 EFTA01320807 OlARI0 n.003,4 ITS Man Owe Sut3OuAt OFFeE SERYCING YOUR ACCOUNT Sew. Steams & Co. Inc. Mt. Nero Seeviles Grp. BEAR 383 Madsen Moira New York. New Yet 10179 tee IICOVIttli Otte /teem *Ser. New Tat 11201.1139 STEARNS (212) 272-2000 1212) 2)2.1902 FINANCIAL TRUST CO INC 13 My STAntate PcM00 key 26.2003 THROWN August 29.2003 ACOOLNT twee. Trades Executed Pending Settlement TATPAYER MASER CO rde LAST STATemeNT fly 25. 2003 SMID4Urt IRNZIC Calf art TRAXSAttION OISCRPTON 211.030LCUSIP MC( DON? AseCUTT CREDIT AMOUNT 09115/03 06117/03 BOUGHT FNMA-30YR(FNMA)GTD 51498144 1 ,003,000.00 101.4687 10.146.87900 SETT.09.173 DUE 09/01/2033 05.000% 0967280211332 REF • 2003061746340000 8S 09/15103 08/04/03 SOLD F184/1•30YR(FMAUGED 9498144 -1000000040 94.9843 SETE09/03 9,498,437.50 DUE 0901/2033 05.000% -n 09/15/03 07/07/03 BOUGHT 0987780211332 REF Y 2003080446860000 BS FNMA 30YR GM 51498292 20.000,03040 102.2500 20,450,000.00 C SETT. 09/03 DUE 0%01/2033 05.500% rn 09115103 07/28103 BOUGHT 0967280211332 RU 0 2003070754360003 8$ FNMA 30M2 GTO 998292 10,003403.00 100.1093 10,010,938.00 SETT. 09103 DUE 09101/2033 05.500% 0961135514332 REF it 2003072946180020 BS 0915/03 07128/03 BOUGHT MAR 30YR GTD 9198292 10.000.000.00 100.1093 10.010.937.50 SETT. 09103 r CUE 09/01/2033 05903% 0987135514332 REF • 2C03072846180000 OS AS OF 07/28/03 09,16/03 07/29103 BOUGHT FNMA 30YR GTD 51498292 35,000,000.00 904843 34.819.531.25 SETT. 09103 DUE 09.01/2033 05.580% 0987016110332 REF 0 2003072948090000 85 T Z905£00- O19- A NOS 027 0630100:1115 001 V012 I'M 8 IJ EFTA01320808 aunt MSS. ITS %SUN ONS0 SLSSIOVRY OFFICE SERVICING YOUR ACCCIAVr Bs. Sim Sums Cs. Bear. Stearns 8 Co. Inc. BEAR 383 Mattson Avenue New Talc New Yana 10179 On. MISS Cone SA SOS 11201.31159 STMRNS (212) 272-2030 121212724030 FINANCIAL TRUST CO INC la CC .4 STASIS/ PERS) .Uy 20 2033 TAWS /0020 29.2003 sata.nr WASP Trades Executed Pending Settlement (continued) TAXpA'f Cn UST 84n90.7 July 25.2003 SET110.011 WC( OAR OAIE ntonsAcnon OfSCRP1101 30•1•34/0/SP CUASTy MCC OCr 1.1.1001 C;£130 u0.1111 09/15/03 07/28/03 CANCEL BUY FNIAA 30YR GTD 5/098292 10.000.000.00 100.1093 10,010,938.00 SETT. 09/03 DUE 09101/2033 06.500% 0987135514332 REF • 2003072846180000 BS AS OF 07/29433 TOTAL $85.438.281.75 419.509.375.50 -n T. oton. bads% 0* rat •P;rowney ote *4Con fl it Mawr C in z J End of Statemr, r ZZ9OSEOCIN9- ANGS 027 01,30,113 1N 301 '412 rn 8 IJ EFTA01320809 =AM. WSKOOPT ns witCALY OrMIDD SLESCIARY OFFICE SERVICD/G YOUR ACCOUNT Bear. Steams & Co. Inc. But — swats Con BEAR 383 Madison Avenue New Yorks New Yodt 10179 twe Phinach Greer ken Srtekhn Sas Vert 11201.3159 STEARNS (212) 272-2000 (2121 27210b FINANCIAL TRUST CO INC ACCOUNT VULPINE GNMA GOVT BOND STATlinsT PGM00 June 28.2003 VISIT Curt WEBSITT iwnv.boarstoarns.com THROuGH My 25.2003 ACCO6N7 NsuStOt What's In This Statement I IMIIIIIIIII I I I Ill TATPAYSIT NuwatR Cn Fre LAST STATraCmr ant 27.2003 Financial Summary 3 FINANCIAL TRUST CO INC Your Portfolio Holdings 4 WO JEFFREY EPSTEIN 6100 RED HOOK QUARTER Transaction Detail 6 STE 83 Trades Not Yet Settled 12 ST THOMAS VI 00802 0 -n C Your Portfolio at a Glance Market Value of Your Portfolio rn TOTAL VALUE aStareineS THIS PERIOD 18.500,041 &is & l o s 1 1.131.555 $89.963 LONG ACCRUED INTEREST 221,050 lip S18.500.041 awn 519.744.476 NET CREDO &MANCE 531,555 Tenet value 319,252,646 Current NET MITT 7xn PERJ00 ME St Stamen, market VaSsa r NET EQUITY UST STATELIEST 20.131,089 CHANGE SINCE LAST STATEMENT 478.443 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. EZ9OSEOCIN9- ANGS al Tit we vs.:N.711W Vdenralbe snow. >et/neer. nate/ n a ta. CooTnert stattmon I/wadbe eirtmos4 sax 'seal:. Set Ma) .Cis W rputirl efenrsto, 027 07/28431000 COI nn rn b.) EFTA01320810 CtIntro THROWN ITS sthriCSAY OSSEO SUSSI0vOth Ur. Stralths SatherOn Corp. On theveteCh Cons North Ortothn km York 11201.31159 (212) 2724000 FINANCIAL TRUST CO INC 2 e C) O -n STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r VZ9OSEOCIN9- ANGS Okl 07/2•03.1009 001 1911 EFTA01320811 CLEARED DIROud (Ts "Cu.? —Co Sulesessre OFFICE SERVICING NCDR ACCOUNT Bear. Stearns & Co. Inc. Dom Denis sear Cap. BEAR 383 Madison Avenue AlsocCAdt Caw lb. booltpt. sw Yon 112014/50 STEARNS New York, New York 10179 (212) 272-2000 ala 272.1000 FINANCIAL TRUST CO INC 3 STATERENT eru00 Ant 28.2003 THR0pall AO/ 25.2003 COLIC WNW Cash Flow Analysis Income Summary TA0AYER MASER On lb DES PERIM INS PERIO0 Simon LAST tummy Are 27.2003 Opening Balance $83.953.25 Govt. Agency Int. 834.952.46 6,352,067.05 Corp. Bond Int. 122.918.54 776.302.52 Securities Sold 57.559.955.57 Credit Balance Int. 175.83 761.72 OhidendsArterest 958.048.83 Remorse Repurchase Int. 2,119.97 12,684.38 Miscelaneous 10.330.47 0 Amount Credited 558,528,332.87 Total Bond Purchase Int. 5980.188.80 0.00 $7.141.815.67 -50.156.82 -n SeOlatiOS Bought .57,908750.00 Repurchase In. Exp. 0.00 -24.344.52 Funds Withdraw. -77.381.00 C Miscellaneous in AmOunt Debited Net Cash Actidty S-58 080 731 00 447,801.87 Portfolio Composition CasNCash Equivalent 531.555 aced Interne 18,503.041 Closing Balance $531.555.12 Your Portfolio Total $19.031.596 Allocation r Cash Balance Summary Cash L Equvarm — 2% 0PPM Margin 83.953.25 531.555.12 Net Gant:blame $83.953.25 5531.555.12 SZ905£00- O19- ANGS - Plea Ircone 98% 6fyito04 “Rton Ova* Cott raw Won Vol naOcpc solos The ablipton mroallo-0 o 3..04 Yon to tont. -..an wu a 10.. ":4‘, 0 027 01176/!).'6 09 031 sn EFTA01320812 aEAnD Tmlb:VOol ITS ImiCuy Ovre gusset:Am OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. Soo Sam Secoones Cary BEAR 383 Madison Avenue New York. New York 10179 Oro lOurcoten Owe/ 1µ1e. Ihatm .as York 11201.3859 STEARNS (212) 272-2000 I211) 2/2-1000 FINANCIAL TRUST CO INC 4 r t; STAMM! .10300 An 28,2003 lub, 25. 2003 Your Portfolio Holdings ACCOutrt olUtleel CASH 8 CASH EQUIVALENTS t00000rrit 'AMBER On FS, Lam ranker JIM 27. 2003 MAW IMAM ammo DE SCIWTON SYnaaruSP awry ORCE VOW n851µ wcout 11C1D CASH BALANCE 531.555 TOTAL CASH & CASH EQUIVALENTS 5531.555 FIXED INCOME -n Government 8 Agency Obligations DISCRSTION ACME!, WWII) difttiO PlASOLCUSIP nT4 CLIANTITT WA maw Vµtt MEREST NOWA lideOlk 11ae RI C FEDERAL HOME LOAN WS CORP 31393FAF3 MRGN 37.901.953 9.6816 3.669.527 66.258 2.385.170 64.9994 rn SEWS 2530 CLASS SE DATED DATE 10111102 EOM ENTRY ONLY DUE 07/I5r4032 6.293% FACTOR .63169930 FEDERAL HOME LOAN MTG CORP 31393F086 MRGN 16.258.155 9.5702 1.555.931 26.612 958.093 61.5768 SIRES 2526 CLASS SI DATED DATE 10.01/02 BOOK ENTRY ONLY DUE 02/1512032 5.893% FACTOR 43168930 r FEDERAL HOME LOAN MEG CORP 31392R6U0 1.6IGN 58.475.712 3.7118 2,170,484 16.240 584.757 26.9413 SIRES 2471 CLASS Yr DATED DATE 0607102 BOOK ENTRY ONLY 0 O3/15/2032 1.000% DUEFACTR . .58475713 FEDERAL HOME LOAN MTG CORP 313927/32 MRGN 29,433,245 10.1225 2.979.394 56.355 2.028834 68.0955 9Z9OSEOCIND- ANGS SERIES 2488 CLASS SQ DATED DATE 07/08/02 BOOK ENTRY ONLY DUE 03/15/2032 6.893% FACTOR - .58866492 017 07/24/03:1909 COT YM EFTA01320813 Cil-ARED ILLROutlal US 1A143U:r °aorta SLAISCAAAT OFFICE SERVICING 1TXXI ACCOUW Beet. MeamS & Co. lit. Derr Sarre Sarre Cora BEAR 383 Madison Avenue Ora ideoutan Calm Nes tookAn. Novi Welt 11201.3.111 STEARNS New Yak. New York 10179 (212) 272-2CCO 2121 272-1003 FINAllOAL TRUST CO INC 5r7 STATELADer PERIOD Juno 28.2003 THROU3I4 lay 25.2003 Your Portfolio Holdings (continued) ACCOuLLT YUIJOIR roarrist KAMER G File LAST STATniert AM 27. 2003 Government 84 Agency Obligations (continued) ACCT ACCRUED (STUMM 0.RAIPC1 DISCRIPTIC•1 SvveOUCUSIP TYR( Wean? PACE vARIX/ vµLE WOKS! AAWAL wr0.40. Ito De FEDERAL HOME LOAN MEG CORP 313921842 MRGN 33.957.095 9.6934 3.291.586 55.585 2,001.092 60.7942 SERIES 2463 CL SI. DATED DATE 07/0M)2 BOOK ENTRY ONLY 0 DUE 0 5/2032 5893% FACTOR .S8866491 z FEDERAL NATIONAL MTG ASSN SERIES 2003.49 CLASS SW DATED DATE 04/3003 31393C2C6 /RCA 22.723,571 10.0781 2.290.110 1.355.461 59.1876 m BOOK ENTRY ONLY DUE 01/25/2033 5.965% FACTOR - .93466634 C Total Government& Agency Obligations 515,957,032 5221,050 $9,313.407 in z Corporate Bonds ACCRUED ES1ALAIID CORRINE DESCRITION STIARDODASIP mv QUALM" Ma WW1 VALUE MEREST AMU& mon raw no FANNIE MAE CMO/SERIES 2002.82 31392F873 MRGN 19,409.508 13.1019 2.543.009 1.361.577 53.5420 SX.10 FOR DATED DATE 1002/02 r BOOK ENTRY ONLY DUE 10/25/2031 7.015% FACTOR - .770.18036 Total Corporatel3onds 52.543.009 SO 51.361.577 TOTAL FIXED INCOME 518.500.041 5221.050 510.674.984 LZ905£00- O19- ANGS YOUR TOTAL ACCRUED INTEREST 5221.050 YOUR TOTAL ESTIMATED ANNUAL INCOME 510.674.984 YOUR PRiCEDPORTFOLIOHOLDINGS 519.031.596 037 012601.1009 COL w11 8 b.) EFTA01320814 aFARED RtROutlii Rs vatur OMAR SOISMARY OFFICE SERVICING YOUR ACCOUNT Am. sum Sea*, Cap Bear. Steams & Co. Inc. BEAR 383 Madison Avenue New Yak. New Yogic 10179 One Warmsch Calla Mon lecelyk New MA 11201.135/3 1212)212.1000 STEARNS (212) 272-2000 FINANCIAL TRUST CO INC 6 a•+ STATEIMIT Preco lux 28.2003 notOUON My 25. 2003 Transaction Detail Its:0 NT Aimee. TAMARA RµtER INVESTMENT ACTIVITY LAST PARKA? Ane 27.2003 SMARM 01.01 OAR OAR IMARACTOK OtSCRPROAI sviectcuse OuNINN Ctill IJADUIR CREDO IJICUqt 07/08/03 PRINCIPAL FEDERAL NATIONAL MTG ASSN 3136FAL01 -289,066 SNIP WO SERIES 322 a 0.001 OUE 03/01132 PRINOPAL MUM,/ 07.25-03 07/14/03 07/07/03 CANCEL SELL FNMA-30YR(FIIMA)GED 9197491 20.000,000 102.93150 20,587,500.00 SET1.07/03 DUE 07/01/2033 05.500% 0987280211332 -n 07/14/03 0605/03 REF 12003070154310000 BS AS OF 07/07/03 TO OIL PREVIOUS SELL FNMA-30YRITHIANGTD 51197191 BOUGHT 20.000.000 103.40625 20.681.250.00 C SETT.01/03 DUE 07/01/2033 06.500% in 0724/03 07/07/03 SOLD 0987291211332 RU 0 2003060646300000 65 FNMA-30YREFNMAIGTD 51497491 .20,000.000 102.93750 20,587,500.00 SETT.01/03 DUE 07/01/2033 06.500% 0987280211332 REF 10 2003010754310300 85 07/14/03 0905/03 CANCEL BUY FNMA-30YR(FNMA)GTD 5/197191 -20.000.000 103.40625 20.681.250.00 SETT.07/03 r DUE 07/01/2013 05.500% 0987280211332 REF 0 2003080548300000 BS AS OF 0605/03 TO CIL PREVIOUS BUY 07/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392R6U0 4.385.000 SERIES 2471 CLASS YT 1.000 DUE 03/15/32 PRINCIPAL RECUCTN 07-15-03 8Z905£00- 019- ANOS 07/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392R6U0 -251 SERIES 2471 CLASS YT 1 000 DUE 03/15/32 eRINCPN. REDuCTN 07-1503 027 ofinconote cos nil 8 IJ EFTA01320815 MOMS IMPUGN re 'MOLLY UMW SUBSIOWN OFFICE SERVCmG YOUR ACCOUNT Bea'. Stearns & Co. Inc. Bet fun stones cap. BEAR 383 Mason Avenue New York. New Ycrk 10179 or. Prawn Oyler 1bers DUO. New Urn 11201.149) STEARNS (212) 272-2030 12123 272.1000 FINANCIAL TRUST CO INC 7 te .1 STATEMENT PER100 June 26, 2003 TIMUCIN July 25.2003 Transaction Detail (continued) ACCOUNT MONIER 1113sAYOR MD ER INVESTMENT ACTIVITY (condi-cod) LAST STATEIlliff AM 27.2003 SEMEMEMT TRADE RATE 011E 001350.0110N DESCR/P110N SWASOLCUSO outanir ANC/ DEW AMOUNT CREW MOM 07/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 1139216E2 -3.665.000 SERIES 2483 CL SL 5.893 ME 03115/32 PRIXEDAL REOUCIN 07-15-03 0 07/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SL 5.893 DUE 03115/32 3139216E2 -440 PRINCIPAL REDUC1N 07-15-03 -n 07/15103 PRINCIPAL FEDERAL HOME LOAN MTG CORP SEWS 2488 MASS SO 6.893 DUE 03/15f32 31392T132 -3,177,CCO PRINCIPAL REDUCTN 07.1543 C 07/1603 PRINCIPAL FEDERAL HOME LOAN MTG CORP rn SERIFS 2488 MASS SO 6.893 DUE 03/15/32 PRINCIPAL REOUCTN 07-1543 313927132 -121 07/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393013 -3.772.000 SERES 2530 CLASS SE 6.293 DUE 02/15/32 PMNCPAL RECOUP 07-15-03 07/15,03 PRINCIPAL FEDERAL NOME LOAN MTG CORP 31393013 -370 SERIES 2530 CLASS SE r 6.293 WE oznsra PRINCPAL REDUCTN 07-15-03 07/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393F066 -1,616.000 SERIES 2526 MASS SI 5.893 OLE 02/15/32 PRPICIPAL RISQUE 07-15-03 07/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393FGEI8 -166 SERIES 2526 CLASS SI MOSE00- 019- ANGS 5.893 DUE 02115/32 PRINCIPAL REDUCT407.1547.3 07/25103 JOURNAL FEDERAL NATIONAL MTG ASSN 3136FALCI1 1 STRIP MTG SEINES 322 Cl PO 0.001 UE 03/01/32 ADJUSTDPOSMON 027 ainsokietoo 001 VIII 8 1,2 EFTA01320816 CLAARLD nIROJC. ITS wocur Owe SUISOLARr CST1CC SERVICING YOUR ACCOUNT Be.. Stearns 6 Co. Inc. Na. Slam Soon*, Co,. Ga;I BEAR 383 Mason AROf11.4 New York. New York 10179 Cale Wes Evan" Nap vat 11201.31159 STEARNS (212) 272-2000 (2121 272.1003 FINANCIAL TRUST CO INC 8 of '2 smaseer REP300 June 28.2003 rif0u314 July 25. 2003 Transaction Detail (continued) — NLARIVI ...A:PAYER MA/90‘ On Fie INVESTMENT ACTIVITY (continued) Loy STAttwenr Juno 27.2003 Moen 04 WC DAR ORM TRANSACION 013011P7ION STIMOU0151. °twin PINCE O4NT MIOJIT CREW W0ola 07125/03 PRINCIPAL FEDERAL NATIONAL MTG ASSN 3136FAL01 289.08540 STRP MTG SERIES 322 CL PO 0.001 DUE 03101132 PRINCIPAL PAYMENT 07-2543 0 07/25/03 PRINCIPAL FANNIE MAE CIAO/SERIES 2002-82 SX-VO FUR 7.015 DUE 10/25/31 31392FS73 .1.617.000 PRINCIPAL REDUCIN 07.2543 07125/03 PRINCIPAL FANNIE MAE CMO/SERIES 200242 31392FS73 .183 i t SK-I/0 FUR 7.015 DUE 10/2601 5 07125/03 PRNCIPAL PRINCPAL REDUCTN07.25-03 FEDERAL NATIONAL MEG ASSN 31393C2C6 -1.124.000 m SERIES 2003.49 CUSS SW 5.965 CUE 01/2933 PANCIPAL REDUCTI407.25-03 07/25/03 PRINCIPAL FEDERAL NATIONAL IATG ASSN 31393C2C6 .371 SERIES 2003-49 CUSS SW 5.965 OuE 01/25133 PRNCPAL REOcCIN 07.2503 TOTAL 5.61.268.750.00 541,557,835.60 r DEPOSITS AND WITHDRAWALS DATE mATT5Tcnow DESCRIPTION OW? /NOW CREWE MOUra 07/02/03 END WIRED maskitGv103403FNOSwIREO TO 77381.00 FLEET P/410thl. BANK AC2387804020 C#251792 0£905£00- O19- ANGS TOTAL 5.77381.00 027 07/2600.1003 031 rn 8 IJ IJ IN IJ Is) EFTA01320817 N cm.") 11.0uto. !Is ".142.u.Y 0Y0a0 SU0SCARY OFFICE SERVICING yarn ACCOUNT Best Stearns & Co. Inc. But Siena 34cartfes Co. BEAR 383 MbdiSal Meat New York, New Yak 10179 Ore VartiKh Cain Win Wait" Paw net 11201.3212 STEARNS (212) 272-2000 121/0 2724003 FINANCIAL TRUST CO INC 9 et*? STATOW PERICO June 28 2003 KIN 25.2003 Transaction Detail (continued) AC00497 9w029 TaX)*Yet MAW On Ale INTEREST LOST STAMAINT An* 27./003 nit CESCRPTIN 511293L/CLGP CISORRY 0.72 119 OM AMOUNT 02.07 /MUM 06/30/03 AVG8AL 447.1784 0.524 175.83 021 CfF10E IIMMEST 0603 07/15/03 FEDERAL NOME LOAN MTG CORP 31392R6U0 1.0000 45,891.34 SERFS 2471 CUSS YT DUE 03/15/2032 1,000 MEREST PAYMENT 07-15-03 07/16/03 FEDERAL NOME LOAN MTG CORP 3139276E2 5.8930 182.469.29 SEWS 2483 CI. SL E I DUE 03/15/2032 5.893 MEREST PAYMENT 07-15-03 07/15103 FEDERAL HOME LOAN MTG CORP C SERIES 2488 CLASS SQ 313922132 6.8930 165,335.58 rn 07/15/03 DUE 03/15/2032 6.893 MEREST PAYMENT 07.1803 FEDERAL HOME LOAN MEG CORP 31393FM3 6.2930 216.011.84 SERIES 2530 GUMS SE COE 02/15/2032 6.293 WREST PAYMENT 07.15-03 07/15/03 FEDERAL HOME LOAN MEG CORP 31393F686 5.8930 86700.17 SERIES 2526 CLASS SI DUE02G5/2032 5.693 INTEREST PAT/4FM 07-15-03 r 07/25/03 FANNIE MAE CMO/SERIES 200242 SK-VO FUR 31392F$73 7.0150 122,918.54 DUE 10/25/2031 7.015 INTEREST PAMENT 07-25-03 07/25/03 FEDERAL NAMMAL MEG ASSN 31393C2C6 5.9650 118,544.14 SERIES 200349 CUSS SW DUE 01/25/2033 5.965 INTEREST PAYMENT 07.25.03 TE9OSEOCIN9- ANGS TOTAL 3958.046.83 027 07/26021009 001 V811 I8 b.) b.) lu EFTA01320818 CLEARED THROUGH its WPOLLY 0A140 SunOutT OFFICE SERv1CING YOUR ACCOUNT Bear. Stearns & Co. Inc. 909. ken Saari Cap. BEAR 383 Madison Avarua Now 90TO. NOR 'Ica 10179 Coe 114159101 - Nfl fircotAR NE./ Tort 11201.3669 STEARNS (212) 272-2000 (21O 212.1000 FINANCIAL TRUST CO INC 10 a•7 STMERENT POMO Are 26.2003 THROUOR .94 25.2003 Transaction Detail (continued) Koala, RAWER TAXPAYER MARIA REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS LAST STAnn/E1.7 lune 27. 2003 with Bear,Stearns& Co.Inc. SEITLDADIT rum OAR EATE 19.ARSAC11311 DESCR00001 SRMCOCAl$0 OUM/MY COO WOOXI CREDO AlOU10 07/11/03 JOURNAL FEDERAL NATIONAL MTG ASSN 3136FAL01 -599.843 STRIP MG SERIES 322 CL PO 0.001 DUE 03/01/32 FITSW1GN 94 Al 0 07/11/03 JOURNAL REFO AGREEME ADP CD F19231NT FrTM-PR F1643206018 6888888 5.300000.00 8.625 CUE 12/31/49 2074420692 E I 07/11103 JOURNAL ACV CD 991343888 5.400.000.00 FITIA-PR F164320601A 8.625 DUE 12/31/49 C 2074420692 in 07/11703 INTEREST ADP CO DUE 12(31/2049 8.625 FITMPR F164320601A 2074420692 8888888 1.429.50 07/18103 JOURNAL ADP CO 8888888 5,300,000.00 (MAR F164320601C 8.625 DUE 12/31/49 2074420692 07/18/03 JOURNAL ADP CO 8888888 5,300,030.00 r FRAL-PR F1643205010 8.625 DUE 12/31(49 2074420692 07/18/03 JOURNAL ADP CD 8888888 5.303.003.00 FIIMPR F164320601E 8.625 DUE 12/31/49 2074420692 07118/03 JOURNAL ADP CD 8888888 6.040.000.00 ZE905£00- O19-ANGS Fr/55PR F164320601F 6.625 WE 12/31/49 2074420692 027 07/26011009 001 •111 8 IJ V.) IN 11,2 EFTA01320819 CLEARED THROUGH ITS %1CSV COMO SLOSOARY OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. itar. Reims SoIrbes Coo BEAR 383 Madison Avenue Coe *meal COI. NOT ®wen Nee Tort 11201.385E STEARNS New Yak. New York 10179 (212) 272-2000 (21212/2.1CCO FINANCIAL TRUST CO INC 11 o112 STATEMENT oflo00 An 28.2003 THSCocal my 25.2003 Transaction Detail (continued) ACCOUNT NUMMI TASPAYER Mae On Fie REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (tentrioNS LMT STATDADN Ann 27.2003 rumor; TRADE do DATE 111.04ACTO1 cescaaproN SwAlOueus• Otaverty Ca01MOS! CrODX1 MOM 07/18/03 INTEREST ADP CO 8888888 690.47 C) DUE 1713112049 8.625 FITM-PR F16432C601C 2074420692 0 07/24/03 JOURNAL FEDERAL NATIONAL MEG ASSN STRIP MfG SERFS 322 CL PO 0.001 WE 00/01/32 3136FAL01 599.843 FIIMARGN F1923194 A2 TERM REPO AGREEMENT m 07/24/03 JOURNAL FEDERAL NATIONAL MEG ASSN 3136FAL01 4,999.217 STRIP MEG SERIES 322 Cl. PO 0.001 DUE 0301/32 C FIDAIRGN F2053168 Al REPO AGREEMENT in 07/24/03 JOURNAL FEDERAL HOME LOAN NM CORP SERFS 2471 CLASS YE 31392R6U0 8.771.358 1.020 DUE 03/15/32 f (EWEN F0873200 A2 TERM REPO AGREEMENT TOTAL 5.16.640.000.00 S18.002.119.97 r MISCELLANEOUS MR MUT 11.1.SACIION Esemnoi LESS WOW° OS/00 W0010 07/11/03 JOURNAL FNMA-30YR(FNMAIGTD 93.750.00 SETT.07/03 5.500 CVE 07/01/33 MSS NET 07/11/03 E£905£00- O19- ANGS 07/14/03 JOURNAL JUNE 03SPEC CLEMING FEES B50.00 07/16103 JOURNAL FEDERAL HOME LOAN MG CORP 8.098.47 SIRES 2471 MASS Yf 1.000 DUE 03/15/32 1RNER 027 0//21/03:1003 001 V•11 In 8 b.) 1.2 1.2 EFTA01320820 GUAM WON ITS PA.WIA OWNED SuBSIOARY OFFICE SERVICING YOUR ACCOUNT Int Vans Wines Cap. Boar. Steams 6 Co. Inc. BUR 383 Madiscn Arms New Yak. New Yak 10179 On MIWOUCh CnY Not Bito,n. Nat YAM 11201.3SS9 (212) 272.10/00 STEARNS (212) 272.2000 FINANCIAL TRUST CO INC 12 a •1 STATENEWE PERCO An 21.2003 THRONG,' Ay 25.2003 Transaction Detail (Continued) ACCOUNT RUINER Mill= TANPAYER PANDER MISCELLANEOUS (continued) LAST STATTUENT June 27.2003 DATE ICILY ITURSACT011 DESCRIPTION DEW MOM CROXI NOM 07/21/03 JOURNAL ENG TO FITM 2.232.00 TOTAL S-94.6C0.00 310.330.47 -n Trades Executed Pending Settlement C SCRIDADIT MACE in Oat OAR TRANSACTCAI DESCRIPTION STIMULUS/ Gomm eau DEBIT ASIOLPIT Oar San 09.116/03 06/17/03 BOUGHT FNMA•30YR(FNMA)GTD 5N98144 10.000.000.00 101.4687 10,146,876.00 SETT.09/03 DUE 09/01/2033 05.000% 0987280211332 REF • 2003061746340000 BS 09/15/13 07(07/03 BOUGHT FNMA 30YR GM 5N98292 20.0Y:000.00 102.2500 20.450.000.00 SETT. 09/03 CUE 09/01/2033 05.600% 0987280211332 r TOTAL REF a 2003070754350000 G/ 530,596,875.00 50.00 TN fl NON a MI mono" tee leflos It Pis mare, . VE9OSEOCIND- ANGS STOP# End of Statement 027 07/21.03:1000 001 VO11 I8 IJ IN IJ EFTA01320821 0.f-oath THROUGH ITS ?MOLLY Ovialt0 SLISSOMW OFFICE SERI/ICING YOUR ACCOUNT Bear. Steams a Co. Ix. Bear. &arm Loam Cara BEAR 383 Madison Avenue Now Yak New York 10179 a-aMareasch Maw WA MCCaTin. SoA rat 11201.32SO STEARNS (212) 272.2C00 M121 272.1030 FINANCIAL TRUST CO INC ACCOUNT EXECuTIVE GNMA GOVT BOND STATEMENT PERIM May 31. 2003 VISIT OUR NERSITE wettOONSteanIS.COm Ratovam lane 27.2003 ACOOIMT What's In This Statement Ilmilml,.MI II TAMPAMIt Manta LMT STATEMENT May 30.2003 Financial Sisnmary 3 FINANCIAL TRUST Co INC Your Portfolio Holdings 4 CIO JEFFREY EPSTEIN 6100 RED HOOK QUARTER Transaction Detail 8 TOiNaGUNO0 STE B3 Trades Not Yet Settled 13 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL YAW( SECURfnES DNS PERIOD LONG ACCRUED INTEREST 19.744.476 302,660 1 cash 4 (fo ment $83.953 $128,074 519.744 478 NET CREPT BALANCE nel 523.876.335 83.953 Y0m0 WW1 market t IC EQUITY THIS PERIOD $20.131,089 InISM statemerts market yak* NET WRY UST STATEMENT 24,422,603 CHARGE SINCE LAST STATEMENT -4.291.514 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account SE905£00-019-ANCIS tv, Santry it kr hkeimitra. anoila eery. n rat Rent, asa to Ceanit This sistiniat Mr414 e. mama fix mar remeas Set &MTN Mk kr irpmart &Tanta, 027 0600/03.11 38 COI rn I S IJ IJ IN --3 EFTA01320822 0 z m STATEMENT BACKER IS PRINTED ON THIS PAGE ci m z H r 9£905£00- O19- ANGS 02J 06,2603.113B CO1 HOB EFTA01320823 CLEMED neeetta rrs wit auto nueDv4tY Orf10E SERVICANG YOUR ACCOuNT Bete. Steams & Co. Inc. Sew Sumas Sautes cap. BEAR 383 madson Avenue New York. New Yak 10179 Ore Stotera• Cana Nore. bader... New Yet 11201-311$9 STEARNS (212) 2724030 1214 212.1000 FINANCIAL TRUST CO INC 3 0'13 trooneta PIP= /My 31. 2003 Treta.C., lune 27. 2003 Cash Flow Analysis Tit PERM Income Summary 016 POMO YEAR 10 arc sCccusi %wale rwAYIDI huve.CR tAS, rwrelina kitml Meg 30.2003 OpeningBalance $128,074.40 Gott. Agency Inc 872.169.36 5,517,114.59 Corp. /lord Inc 122,709.53 653.383.98 SeCUltieS Sold 82,874,938.25 Credit Balance Inc 213.46 585.89 Divdends/Interest 995,092.35 Reverse Repurchase Inc 1.320.36 10,564.41 Miscellaneous 494,356.75 Total 6996.412.70 55,181,648.87 Amount Credited 684.384.385.35 Bond Purchase at. 0.00 -50.156.82 -n Septettes Bauchi -84.399.082.25 Repurchase Irt. 0.00 -24.344.52 Miscellanea.* -9.444,25 C Arnow* Debited S-84.408,505.50 in Net Cash Acthlty .44,121.15 Portfolio Composition CashrCash Equivalent 83.953 ClosingBalance $83,953.25 Fared Income 19.744.476 Your Portfolio Total $19.828429 Allocation Cash Balance Summary r aeum Cash & EqUiwiem — <1% Margin 128,074.40 83,953.25 Net CaShEtalance 5128.074.40 583.953.26 LE905£00- O19- ANGS J.oriclod xelun *KM [St Pans .do- Mat rnwlet 110 sceara• pesuerept ruin, Pe atnciat ...ad flea of you. [440.0 027 Ce...26O3 IS 0). Wai to I8 IJ IJ 1.2 EFTA01320824 CLEARED 11110.01 ITS 10.OLLY 0•0033 Sul/ODWee OFFICE SERvICIA0 YOUR ACCOUNT ism Seams Stoats Cop Seer. Steams & Co. Inc. BEAR 383 Madrson Avenue Now York. New York 10179 Oro 1.40cocit Cower Ora OtoOP. 1001.71 112014859 STEARNS (212) 272.2000 (112/ 212.1000 FINANCIAL TRUST CO INC 4 of .3 STATIDANI anon may 31.2003 ?MOWN AIDE 27.2003 Your Portfolio Holdings ACCOUNT MAW CASH & CASH EQUIVALENTS 7.000,12A MAIM . 1.1 1 LAST STAIDA141 May 30.2003 EMOTED CLRFILIrt DESCOP704 SY(.010UCUSP 0.(11M- r PRCE vat Malts/ nODut "MO (10 CASH BALANCE 83.953 TOTAL CASH & CASH EQUIVALENTS 583,953 0 FIXED INCOME -n Government & Agency Obligations AOCI ACCRUED ESTIMARD CURRENT OESCRPTI311 SYMEOLOSP GUMMY PRa 1PARIV VALUE MEREST ANNUAL INCOME MD (XI FEDERAL HOME LOAN MTG CORP 31393FAF3 MRGN 41,674,323 8.0453 3,352.813 88406 2.592.143 77.3125 in SERES 2530 CLASS SE DATED DATE 10/11/02 BOOK ENTRY ONLY DUE 02/15/2032 6.220% FACTOR . .601457214 FEDERAL NOME LOAN MTG CORD 31393,086 MRGN 17.878324 81907 1.464.201 34.681 1.040.402 71.0660 SERIES 2526 CLASS SI DATED DATE 1001/02 BOOK ENTRY ONLY DUE 02/15/2032 5.820% r FACTOR • .69457214 FEDERAL NATIONAL MTG ASSN 313601.01 MRGN 3.288.302 92.7109 3.048.616 2 33 0.0011 STRIP MTG SERIES 322 CL PO DATED DATE 03/01/02 800K ENTRY ONLY DUE 03/01/2032 .001% FACTOR - 1.00000000 FEDERAL HOME LOAN MTG CORP 31392R6U0 MRGN 55.069.607 2.6940 1.483.592 18.351 550,696 37.1191 8£90SEOCIA19- ANGS SERIFS 2471 CLASS IT DATED DATE 06/0102 800K ENTRYONLY 03/1 32 717.0:0% OLE FACTOR -5/20 .6478 73 01/211(011I:31 COI Via EFTA01320825 0.LARED TNIOUGH 1TS ViNCALT ITATAED SUBSTOTART rna SERvICING YOUR ACCOUNT Me. Rams Smalet Cup. Bear, Steros 6 Co. rc. BEAR 383 Madrson Avenue Cne ~tan SAMT Nolh ENS Nem Tort 112014859 STEARNS New York. New York 10179 (212) 272-2000 C212)27240:0 FINANCIAL TRUST CO INC 5 ot 1.3 STAMN:NY FITROD My 31, 2003 1m8CMGH lure 27.2003 Your Portfolio Holdings (continued) ACCOurn »Jet TAXPATIA Mlle On FM LAST STATEMENT /My 30.2003 Government & Agency Obligations (connneed) iTaT *GRUET) ESTITAT/E0 CURRYNI OCTSCRIPEKK ~9rt TISS ITIN CMINT171 TRICI WRITE1 ~Ut ~ST AM" «MI 11EAD FEDERAL HOME LOAN MIG CORP 31392n32 MRGN 32.610.366 7.9688 2.598.645 74,135 2,224.027 85.5841 SERIES 2488 GASS SI) DATED DATE 07/0802 800K ENTRYONLY OM 03/15/2032 6.820% FACTOR - .65220733 FEDERAL HOME LOAN MTG CORP 313927662 MRGN 37.622.535 8.2122 3.089.846 72.988 2.189.632 70.8700 SERIES 2483 CL SI. DATED DATE 07/02/02 L I BOOK ENTRY OMLY DUE 011512032 5.820% FACTC42 - .65220732 FEDERAL NAMNA. MIG ASSN 31393C2C6 MRGN 23,847,942 9.9844 2,381,068 7,902 1.422.530 59.7434 SERIES 200349 GASS AN DATED DATE 04/30/03 z BOOK ENTRY 17.41.7 DUE 01/2...S/2033 5.965% FACTOR - .98112390 Total Government& AgenCyObligations $17.418.581 1294.465 $10.019.463 r COrporate Bonds oismenen STIAIKA711417 1£01 1YIN Comrrin Part 1MRnETYwUt ACCRUED 151102EST ESTOSA117) N91111.113501N CURRINT TETT) E1M FANNIE AME CSAWSERIES 2032-82 31392F573 MRGN 21.026.691 11.0616 2.325.895 8.195 1,475.022 63.4174 5K-VO FUR DATED DATE 10/02,02 800K ENTRY OMLY « 10125203 7.0915% e FACTOR • 41 .810676 6£905£00- IA19- ANGS Total CorpeneteBonds $2.325,895 $8,195 $1.475.022 TOTAL FIXEDINCOME $19,744,476 $302.660 $11.494.485 027 06,18/031144) 001 9138 In 8 IJ IJ EFTA01320826 CLEARED THROJOI ITS Mary OM« M.M" OFFICE SERVICING YOUR ACCOUNT Beer. Sten 6 Co. re. ku Mb" kones Ca, BEAR 363 Madeson Avenue New York. Now York 10179 Creth~ch Gris ~VI aRtAl£, New Yta 11201.3859 STEARNS (212) 272.2000 tt121 272.1000 MUMPA. TRUST CO INC 6 s .3 saaturra svae May 31.2003 TNIXOLGH lune 27.2003 •CCOuln TµPAYril HUMPER On Fis LAST STAIIIVEM Mr/ 30.2003 Your Portfolio Holdings (continued) YOUR TOTAL ACC RUED INTEREST 5302.660 YOUR TOTAL ESTIMAIED ANNUAL INCOME 511.494.48S YOUR PRICEOPORTFOLIONOLDINGS 119 828.429 -n Transaction Detail INVESTMENT ACTIVITY z SMI/AtNi DATI 06,139,03 TRAIX art 11IMSKION PRINCIPAL OtSCRIMON FEDERAL NATIONAL 1.4TG ASSN SYLIBOUCISP 3136FALQ1 COMMIY -240.643 r1eR Calf ~Ul merr «urt STRØ> 1179 SERES 322 CL PO 0 001 CVE 03/01,32 MINCIPAL REDUCTN 0025-03 06109/03 PRINCIPAL FEDERAL NATIONAL IATGASSFI 3136FAQR4 -245.158 MRS SERIES 326 CUSS 1 PO 0.001 DUE 07/0112 3 PRINCSaL REDUGN 06-25-03 08/12473 08/10'03 SOLD FEDERAL NATIONAL MT6 ASSI1 3138FACIR4 -3.561035 95.14063 3.388.752.75 STRIPS SEIIES 326 PASS i PO DUE 07/01/2032 00.001% 0987021011332 REF * 200306104695P)00 B5 017905£00- lA19- ANGS 06/12/03 05107103 BOAGIR FNMA-30YR(FMNOGTD 5N96957 20,000.000 102.71875 20.543.750.00 scrtosto DUE 06J0112033 06.500% 0967280211332 REF M 2003050746200000 65 Ø all ai an sea rn 8 IJ IJ IJ EFTA01320827 CLEARED THROWN al wAKATI 01MAED SulsotAAV aria SUWON* YOUR ACCOUNT Bear. Stearns & Co. Inc. Sat Suss Smuitiel Cap. BEAR 383 Afackson Avenue Now York. New Volt 10179 r* Moreteth OrEir Nfl los Nes Vol 11201.36SE STEARNS (212) 272-2000 12123 ETZTOCO FINANCIAL TRUST CO INC 7 et STATEMENT Alfe0D May 31.2003 TTACUCTI lung 27.2003 Transaction Detail (continued) ACCOUNT MASSER TAXPAYER WAWA INVESTMENT ACTIVITY (continued) LAST ST/TIARA, May 30.2003 SETRIMENT TRAM OML CAR TUASICTIEM DESEMPTION swectzus• oLAvrrn PACE Cain SMOUNT CREDIT /MOLT 06/12/03 06/05/03 CANCEL SELL FNMA-30YR(FIRJAIOTEI 5N96957 20,000.000 103.73828 20.747.656.00 SETT.0602 DUE 06/01/2033 05,5007E 0987280211332 0 REf • 20:0080546200000 BS AS Of 05/05/03 TO CAL PREVIOUS SELL 06/1203 06/05/03 CANCEL SELL FNMA-30YR(FNMA)GTO St06957 20.000,000 103.73828 20,747,656.25 -n SETT.06/03 OUE 06/01/2033 05.500% 0987280211332 REF • 2003060546260000 BS AS OF 06/05/03 C TO oa. PREVIOUS SELL in 06/12/03 0907/03 CANCEL BUY MEAT-30YMENMAIGTD SETT.05/03 DUE 0601/2033 05.500% 0987280211332 51196957 -20.000= 102.71875 20.543.750.00 REf • 2003050746200000 85 AS OF 05.07/03 TO al PREVIOUS 80Y 06112/03 06/05/03 SOLD FNMA-30YR(FNMA)GTO 51196957 -20.000.CCO 103.73828 20,747,656.00 SETT.06/03 DUE 060112033 05.500% r 0671203 06/05/03 SOLD 0987280211332 REF # 2003060548260000 BS inmA.30YR(FMMIGTO 51/96957 -20.000000 103.73828 20.747.656.25 SETT.06/03 DUE 0601/2033 05.500% 0987280211332 REF • 2003060646260003 BS AS Of 06/0503 06/13103 JOURNAL FEDERAL NATIONAL PAM ASSN 3136FAQR4 T17905£00- O19- ANGS STRIPS SERE 326 PASS 1 PO 0 001 DUE 07/01/32 Atuusr POSITION 02T 04ES00:112S ODl MICA EFTA01320828 CLEARED 0010..t.n rtS. vmouy WOAD Suilli0vaY OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. Ism Ian Smote% CO, BEAR 383 Madison Avenue New Yak. New York 10179 Cat Wreath Carts Math °Wen Nat cern 20 3a59 RIA 2724000 STEARNS (212) 272-2003 FINANCIAL TRUST CO INC 8 N') STARI•Ela PERCO My/ 31.2003 THROu07. Arc 27.2033 Transaction Detail (continued) AtcoLle %ANA rAta/AYER INVESTMENT ACTIVITY (continued) LAST STATEuein May 30.2003 WIROA00 LAME DAR DATE IRMISAC11011 I:MR.7113M SYMEOLOSP OURYIItt PRICE =a mow CREDIT masa 06/16/03 PRINCIPAL FEDERAL HOME LOAN NIG CORP 31392R6U0 -4,391,000 SERIES 2471 CLASS Yr 1.000 DUE 03/15/32 PRINCIPAL REDUCM 0615-03 O 06/16/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT 1.000 DUE 03ti 5132 31392R6U0 -293 PRINCPN. REDUCIN 06-15-03 -n 06/16/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2483 CL Sl 5.820 DUE 03/15132 PRNCIPAL REDUCIN 06-15-03 3139216E2 -3.000.000 C 08/113/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392T6E2 -48 in SERES 2483 CL SI. 5.820 DUE 03/15/32 PRINCIPAL REDUCM 06-1S-03 0e/16/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 313927/32 -2,800,0D3 SERES 2488 CLASS SO 6.820 DuE 03/15/32 pRINCIPAL REDUCIN 06-15-03 06716103 PRINCIPAL FEDERAL HOME LOAN MTG CORP 313927/32 -374 SERIES 2488 CLASS 50 r 6.820 DUE 03/15/32 PRINCIPAL REDuCIN08-15.03 06/16/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393FAF3 4.149.000 SERIES 2530 CLASS SE 6,090 WE 02/15132 PRINCIPAL REDUCIN 0645-03 06/16/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393FAI3 -158 SERIES 2530 CUSS SE Z17905£00- IN9- ANGS 6.090 ME OW5/32 PRNCPAL RECECIN 06-15-03 06/16/03 PRINCIPAL FEDERAL HOME LOAN MI6 CORP 31393F686 -1.350.000 SERIES 2526 CLASS SI sea, DUE 02/1srs2 PRNCPAL REDUCIN 06-15-03 027 01112•4:4:1118 COI NOS EFTA01320829 CLEARED ~Our> in wwzare ~CD SAISOANy OFFICE SERVICING YOUR APPNINT Beer. Stearns & Co. Inc. kw Swans Secanos Coro BWR 383 Madison Avenue One Wawa Cone Neon Wed," kom Von 1I 2014859 STUMNS New Yak_ New York 10179 (212) 212-2003 M21212.1= FINANCIAL TRUST CO INC 9 •t STATibmer PEIKO may 31.2003 n•ROuGH .line 21.2003 Transaction Detail (continued) AMY WI mown. ~rot MAGER On Fie INVESTMENT ACTIVITY (4cntrue1) Lodi STATtwroa May 30, 2003 SEIIIEMENT WOE OAR DATE DEIMSACTICII SIIADDECUSW ~MY PAU DOW MOM anon AVOW 06/16/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393F086 -940 SERI 2526 CLASS SI 5820ESWE 02t15/32 PRINCIPAL REDUCIN 06.1503 06/25/03 PRINCIPAL FEDERAL NATIONAL MTGASSN 3136FAL01 240.642.60 STRIP MTG SERIES 322 CL PO 0.001 DUE 0301/32 PRINCPAL PAYMENT 06.2543 -n 06/25103 PRINCIPAL FEDERAL NATIONAL MTG ASSN SIRPS SERFS 328 CUSS 1 PO 0.001 DUE 07.01;32 3136FAQR4 245.158.30 PRorCPAL PAYMENT 06-25-03 in 06125103 PRINCIPAL MIME 1W CMG/SERIES 200242 3940 FUR 8.730 DUE 10/25/31 PRINCPAL MUM 0S-25-03 31302F573 453,165 08/25/03 PRINCIPAL FEDERAL RATIONAL MEG ASSN 3139=6 458417 SERIES 200349 CUSS SW 5.690 DUE 01/25/33 PRINCPAL REDUCTN 06.25-03 TOTAL S-62.039.062.25 565,913,615.90 r INTEREST DATE DESCWITCW STIMOUEUSP DWI/12N PATE (ID Wen ~awn COEDIT MONT 06/02/03 AVG 8AL 391.997RT 0.560 213.46 021 OFFICE INTEREST 0503 £17905£00- IN9- ANGS 091603 FEDERAL HOME LOAN «CORP 31392R6U0 1.0000 49,550.75 SERIES 2471 CLASS YT DUE 03/192032 1.000 INTEREST PAYMENT 0645-03 027 ewneastal ern 1108 EFTA01320830 CLEARED THROW:* ITS MOLLY OWL= SIAMOXARY COTE SERVICRAG YOUR ACCOUNT Bear. Steams & Co. Inc. De Sens Seem Ore BUR 383 Madison Avenue New York. New York 10179 Ors Maresch Craw Mali Irma" Oen Yen 11201.3330 STEARNS (212) 272-2000 4212/ 272.1000 FINANCIAL TRUST CD INC 10 Cr STATEmee PE May 31. 2033 THROuta4 lune 27.2003 Transaction Detail (continued) ACCOUNT Meet TAXPAYER M.$ On Fie INTEREST (continued) EMT STATEreer May 30.2003 DAN Of SCOPTION 511.100UOJW 0.11/411lf Mit MI 0C T noO.0.1 Caf.011 Main 06016/03 FEDERAL MC4AE LOAN MTG CORP 31392T6E2 5.8200 192.618.75 SERFS 2483 CL St DUE 03/15/2032 5.820 INTEREST PAYMENT 06-15-03 06/16)03 FEDERAL HOME LOAN MTG CORP 31392T132 6.8200 196299.86 SERFS 2488 CLASS SO DUE 03/15/2032 6.820 INTEREST PAYMENT 06-15-03 -n 06/16103 FEDERAL HOME LOAN MTGOCELP SEWS 2530 CLASS SE DUE 02/15)2032 6.090 INTEREST PAYMENT 05.1543 31393FAF3 6.0900 227.479.19 C 06/16103 FEDERAL HOME LOAN MTG CORP 31393F086 5.8200 rn 91.15840 SERIES 2526 CLASS SI DUE 0205/2032 5.820 INTEREST PAYMENT 061541 06/25/03 FANNIE MAE CMO/SERIES 200242 31392F573 6.7300 122.709.53 5k-I/O FLTR CUE 10/25/2031 6.730 INTEREST PAYMENT 06-25-03 06/25/03 FEDERAL NATIONAL MTG ASSN 31393C2C6 5.6800 115.051.99 SERIES 2003-49 CLASS SW r TOTAL DUE 0125/2033 5.580 INTEREST PAYMENT 05-25-03 599&092.35 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stearns& Co.Inc. t74905£00- 019- ANGS SETTLEMENT MEE MTE DAR MAYSAtell OESCROTON SYYDWEJSP OIWINY OEMI IJA0UICI CREDO MEW 06/11/03 JOURNAL ADP CD 8868888 3.720.000.00 F11M-PR F1543206011 8.625 DUE 12/31140 2074420892 027 0120.03:11.30 001 WOO I8 IJ IJ EFTA01320831 =ARCO rartouom 'TS MI•our OWN= SUSSOYAY OFFICE SERVICING YOUR eccoued Beer. Stearns 8 Co. Inc. Mw. SINT, StOlte Cap. BUR 383 Marasco Avenue Now York. New Yak 10179 0.e MCInftlth 0,110 Wit 11001tr. µv Y0rk 117014059 STEcRNS (212) 272.2030 (2,212121000 FINANCIAL TRUST CO INC STA/IDWIT P£FIKO May 31.2003 THROWN Arne 27. 2003 Transaction Detail (continued) A004MT NUM2. TWAY& KAMER On F00 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (CratirtJed) LAST STATBMXT Wry 30 2003 E711B.07 TRAM DAZE OAR IIIMISa311 ocsamenou SYV0,ACJS? MOM KW Maga CEO!! MINIM 06/23103 JOURNAL ADP CD 8888888 3,720,000.00 7m.l.PR 11643208012 8.625 DUE 12731/49 2074420692 0 06)23/03 JOURNAL ADP CD 7914-PR 71843208013 8.625 DUE 12/31/49 8888888 3.720.030.00 2074420692 m 06/23/03 JOURNAL ADP CD RTA.PR 116432050014 8.625 DUE 12/31/49 8888888 µ 3.720.000.00 2074420692 ci m 06/23103 JOURNAL ADP CD 111144* fi643206015 8.825 DUE 12/31/49 2074420692 8888888 4.780.000.00 06/23/03 INTEREST ADP CO 8888888 928.97 CUE 12/31/2049 8.625 H nnA-PR 11643206012 2074420692 06/27/03 JOURNAL ADP CO 8888888 4,760,003.00 r 71TM-PR 11643206018 8.625 OUR 12/31/49 2074420692 06/27/03 JOURNAL ADP CO 8890388 4,760,000.00 1171.4-PR F1643205017 8.825 DUE 12/31/49 2074420692 06/27103 JOURNAL ACP CD 8888888 4.766003.00 FITLIPR 11643206018 S17905£00 019 ANDS 8.825 CUE 12131/49 2074420692 06/27/03 JOURNAL ADP CD 8888888 5.400.000.00 *MAR F1843206019 8 DUE 1261/49 20744 62520492 027 0020103:1111 901 4400 LEEEZZOO- V1.43 EFTA01320832 GUAM. THROUGH ITS valCILLY OvAlar Suntan, OFFICE SERUMS YOUR ACCOUNT Bear. Stearns & Co. Inc. Sear Sum Stostias Cap. BUR 383 Maclean Avenue New York. New York 10179 OA* Warmth Crew Tern booltp. Nor Tak II2014859 C21212724003 STURNS (212) 272.2000 FINANCIAL TRUST CO INC 12 co la STATEAAPO KHOO Way 31.2033 noCuGH June 27.2003 Transaction Detail (continued) ACCOUNT ..— TAAPAYER MOSER On F! REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) LAST srArowywr Noy 30.2003 SETTLERS'S? TRAIN WI art TRANSACTION OESCOPTON SHMOUCLGIP DOW WOW' Raton mown 06/27/03 ';' , OrS1 ADP CD e886888 391.38 OUE • 2 9 13.625 FM, r neon 2074 0 TOTAL S-22.360.030.00 516,961,320.35 MISCELLANEOUS -n OAR PACIOAT tsupacrcw 3ISCRPTION OMR AIADWI CREDIT MAMA C 06/11)03 JOURNAL MAY 03 SPEC CLEARING FEES 700.00 in 06/12/03 JOURNAL FNM.3,30YR(FNEtA)GTO SETT.06/03 5.500 DUE 06101/33 tossceii WS NET 06/12/03 06/17/03 JOURNAL FEDERAL HOME LOAN MTG CORP 8.744.25 SERES 2471 CLASS Yr 1.000 DUE 03n 5/32 Pal TRIER 06/17/03 JOURNAI. FEDERAL HOME LOAN MTG CORP 8,744.25 r SERIES 2471 CLASS YT 1.000 DUE 03/15/32 Mlle/FR 06/1803 JOURNAL FEDERAL HOME LOAN MTG CORP 8.744.25 SERES 2471 CLASS YT 1.00D DIE 03/15132 PM TRIER ADE 91790SEOCIN9- ANGS 06/24/03 JOURNAL FRG TO FITM 272.962.00 TOTAL 5.9.444.25 5494.356.75 COT corRecoo Ili) 001 vSOS Fn I8 b.) IJ 1.4 00 EFTA01320833 CLEARER TIACt.C.Ii rn WHOLLY OWTED LILUOLLAY OFFICE SERYCNG YOUR ACCOUNT Raw. Sian Unites cap. Bear. Stearns & Co. Inc. BEAR 363 Madsen Avenue Ono Ihownoth One. Mom Oman We Wet 11201.1•89 STEARNS New York. New York 10179 (212) 272-2000 Ol2)272.1CO3 FINANCIAL TRUST CO INC 13 On, StOtteren Etl000 /AN 31.2003 THROLKM Aso 27. 2003 ACCOUNT Plain Trades Executed Pending Settlement TAXPAYER Autteaw On He WIT STATEMENT Nay 30.2003 SERIDENI MCC OAT! DATE TWISEVICII casawmow Sogroucus• COurmy MN OWIT MOUNT MIXT ARCM" 07/14/03 06/05103 BOUGHT FNMA-30YR(FNMA)GFD 5N97491 0,000,000.00 103.4062 20,681,250.00 SETT.07/03 DUE 07/01/2033 05.5120% 0997280211332 0 09/15/03 06117/03 BOUGHT REF • 2001060546300000 8$ FNMA-30YR(FtaM)GTEI SETT.09/03 61498144 10,000,000.00 101.4687 10,145,875.00 DUE 09.01/2033 05.000% -n TOTAL 0987290211332 REF • 2003061746340000 8$ $30.828,125.00 50.00 C 11* ales twie do • sI ova, n sy are meson q 1 Sow. rn z -H End of Statement r L17905£00- 019- ANGS On 06'24011139 COI WKS EFTA01320834 CLEARED THROIXDI us VeDOLLY o'wc DJOSIDARY ()MCC SERVING YOUR ACCOUNT Bear, Stearns a Co. Inc. OIL an Seanis Cep BEAR 383 Madison Avenue New York, New Tort 10179 One non en Pan &tSSFl. PD. eel II 2014*SO RIa 212.100, STEARNS (212) 272-2000 FINANCIAL TRUST CO INC ACCOUNT EXECUTIVE GNMA COW BONO STAMENS PEROD Efli 26.2003 VISIT OUR MERSIN vaw.beatmearns.com ThIROUOH May 30.2003 ACCOUNT NUMMI What's In This Statement I TAXPAYER NUM& FINANCIAL TRUST CO INC Lan roster( AO 26.2003 Financial Summary 3 C/O JEFFREY EPSTEIN Your Portfolio Holdings 4 6100 RED HOOK QUARTER Transaction Detail S STE B3 Trades Not Yet Settled 15 ST THOMAS VI 00802 0 -n C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL VALUE CC SECURITIES TICS PERIOD 23,876.335 Case & &worn** $128.074 3.97.944 LONG ACCRUED MEREST 418,194 Reed 123,970.335 NET CREDIT BALANCE 128.074 IncaTe 121.153.305 Culvert mite value NET ROUITY TM PERIOD $24,422,603 ust statements mance vat* r NET EQUITY LAST STATEMENT 21,444,251 MANGE SINCE LAST STATEMENT 2.978.353 There are no 'Stop Loss' orders or other pending boy or sell open orders on file for your account. 817905£00- IN9- ANGS slic nix neon ke he Inning( nowt DD.:ten& rtenDO Lea tea *Cann ms want Pan be Maine. cee )Cur wove See rDerte Mk be "win iiikeeisbee 011 CD31.03 IS 30 0:31 WA4 IJ IJ O EFTA01320835 0.10:0 DWOLCH IS WHOLLY CHACO Mammon, Bar. Slams Semmes Coo. One Incrototh Cynic WHO WHYOr. Maw Tn 11201.31.W W21272.1000 FINANCIAL TRUST CO INC 2 C) 0 z -n STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r 61790SEOCIND- ANGS 022 OW31103.16,30 COI VS•4 rn I S IJ IJ 4. 44 •On EFTA01320836 Caul= TI4001X04 VINCUY WACO SUSS:Dar ()MU SERVICING YOUR ACCWNT Bear. Stearns 5 Co. Inc. Ow. Sure S•cuites Con. on• 'MMO Oleos NOM BEAR 383 Madison Avenue New Yon'. New Ted( 10179 eittert MS Yet 11201.3059 12121 212.11:00 STEARNS (212) 272-2000 FINANCIAL TRUST CO NC 3e9 STATMENT PER= Ara 26,2003 TifIOU*. May 30.2003 A000.W sLIPMER Cash Flow Analysis Income Summary Wcrierflk wawa on kW nes itla00 nes PO000 YEAR 70 OAR LAST STATEMENT Apnl 25.2003 OpeningBalance 597.943.89 Gat. Agency lm. 658.912.79 4,644,945.23 Corp. Bond Int. 128.482.02 530.674.45 Secwities Sold 93,187,950.43 Credit Balance Int 100.25 372.43 Div4endsdriterest 987.495.06 Reverse Repwchaso Int. 5.131.07 9.244.06 Miscellaneous 2,270,988.66 0 Amount Credited 596.446.434.15 Total Bond Purchase Int. 5992.626.13 -19,175.34 55.185.236.17 .50.15982 Z T Securities Bougie -96.034.964.30 Repurchase lm. Em. -10,991.93 .24.344.52 1 1 Oividends(Interest Charged -19,175.34 Miscellaneous -362.164.00 Portfolio Composition m Amount Debited Net Cash ActMly 5.96.416.303.64 30.130.51 CashiCash Equkelent 128,074 Fixed Income 23,876.335 ClosingBalance 6120,074.40 Your Portfolio Total 524.004,409 Allocation r Cash Balance Summary Cash a Ego/Want 7 e 1% • OPENING CIDS0113 Margin 97.943.89 128,074.40 Net Cash Balance 597.943.89 5128.074.40 05905£00- O19- ANGS — Fad ktome 995E Vu....200 ;omens Ore* cod: 2.42420 rot. nets vans rh• aka., wortio• 0•-nal Int% r. nut.: aka 22 go001, 027 °sir 03'5 IC X,' 1.0.44 I8 IJ IJ 10 1.0 EFTA01320837 CLEARED noterxm en WIC.LY 06.41,0 sumo -Ain OFFICE SERRICLUG YOUR ACCOUNT Bear. Steams & Co. Inc. Bev. Sten Serbn Orp. BEAR 383 Madison Avenue Ole P.1einna Unto Mo. &oath,. Mem Yon 11201.3850 STEARNS New Yea. New York 10179 (212) 272.2000 aW 272-!COD FINANCIAL TRUST CO INC 4 MI6 STATE101.7 PE*00 WI 26.2003 1101060.1 Wry 30. 2003 Your Portfolio Holdings AcCOuwr MINER CASH & CASH EQUIVALENTS VutAven NWICA On Fie LAST stmiNeyrt AO 25. 2003 MOW ESTMATt0 DESC01111011 5, 1,30.6410. 0.466Tv PACE VALLE no604 &COW la° 00 CASH BALANCE T4iNROUNO0 128.074 TOTAL CASH & CASH EQUIVALENTS 5128.074 FIXED INCOME Government & Agency Obligations Mt MOM ESIIM113) NOM encamp,' 3.1110/0:30. wet 0.16/01TY Pea WARM 1/ALOE 1610631 Wilk MEOW VELD 60 FEDERAL HOME LOAN MTG CORP 31393FAF3 MRGN 44,823.481 7.5455 3.382.158 113,742 2.729.750 80.7103 SERIES 2530 CLASS SE DATED DATE 10/11102 BOOK ENTRY ONLY OUE 02/15/2032 6.090% FACTOR - .74705810 FEDERAL HOME LOAN MTG CORP 31393,986 1.1R61/ 19,227.164 7.7540 1.490,873 45,583 1,094,026 73.3816 SERIES 2526 CLASS SI DATED DATE 10/01/02 BOOK ENTRY ONLY DUE 02/15/2032 5.690% FACTOR - .74705810 FEDERAL NATIONAL MEG ASSN 3136M1.01 MAGN 3.528.945 93.7734 3.309.213 3 35 0.0011 STRIP MTG SERFS 322 EL PO DATED DATE 03/01/02 BOOK ENTRY ONLY DUE 03/D1/2032 .001% FACTOR - .95858130 FEDERAL HOME LOAN MTG CORP TSMSECIOMANCIS 31392R6U0 MRGN 59.480.900 2.4527 1.458,403 24,777 594,609 40.7712 SERFS 2471 CUSS YT DATED DATE 0607/02 BOOK ENTRY 014.? DUE 03/15/2032 1.0074 FACTOR - .69954000 027 01131101-16:00 001 VI61 rn 8 b.) 1.2 EFTA01320838 CLEARED 1140/0.1 03 near 0,. Stainre OFFICE SERVICING YOUR ACCOUNT Beat, Stearns & Co. Inc. Sseirns Snots Ca BEAR 383 Madsen Avenue Now York. New York 10179 Oft Wand. Cant non" Nn Yon 11201.3659 STEARNS (212) 272.2000 I2121 212.1000 FINANCIAL TRUST CO INC 5 c. STATEsen PtIODO Ain 26. 2003 'yawn may 30.2003 Your Portfolio Holdings (continued) pOCOVArt KARIM TAXPAYER NURSER On Fit LAST ST Toerr Apil 25.2003 Government & Agency Obligations (continued) PCCT ACOIXD 1511114TCD CLIME! OISCOPTION SWAIIOUCUSIP OPE EMMY( ma VARLET VµA MEREST AtOMAL NOM REID Pea FEDERAL HOME LOAN MTG CORP 313927132 MRGN 35,210.740 7.3555 2.589.920 98.150 2.355.599 90.9528 SERIES 2488 CLASS SO DATED DATE 07/06472 BOCK ENTRY ONLY DUE 03F152032 6.690% FACTOR - .70421480 FEDERAL HOME LOAN MTG CORP 3139278E2 MRGN 40,622483 7.7708 3,160,349 96.310 2.311.425 73.1383 -n SERFS 2483 CL St DATED DATE 07102/02 BOOK ENTRY ONLY DUE 03/15/2032 5.690% FACTOR . .70421480 C FEDERAL NATIONAL MTG ASSN 3138FAOR4 MRGN 3.806.994 93.4609 3.558.052 3 38 0.0011 rn STRIPS SERIES 326 CLASS 1 PO DATED DATE 07/01/02 BOOK ENTRY ONLY DUE 07/01/2032 ,001% FACTOR . .90160000 FEDERAL NATIONAL MTG ASSN 31393C2C8 IARGN 24.306.759 11.0313 2.681.339 19.178 1.380.624 51.4901 SERFS 2003-49 CLASS SW !MEREST FROM DATE 05125103 DATED DATE 04/3003 r FIRST COUPON 06/25.070)3 BOOK ENTRY ONLY DUE 01/2502033 5.680% FACTOR - 1.000300:0 Total Government& Agency Obl metier", 121.630.307 3397.744 510.466.106 ZS905£OO- O19- ANGS 027 0301273.15:10 001 v61, En I8 E.) 1.2 03 10 EFTA01320839 0.EARED ToinOu*ti rs ViwOLLY Covet° SumlaCtAIIY OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. Bey 9aurti Swarths Cap. BEAR 383 Madison Avenue New York. New York 10179 04 Mantach Gale Nati Ilroak4rt New York 112014859 STEARNS (212) 272-2000 0121 37Z-10:0 FINANCIAL TRUST CO INC 6 ens StATWENT n8,00 Mei 26.2033 norm°. May 30.2003 Your Portfolio Holdings (continued) ACCOUNT nutlet, TAVS NIA LAST STAMAINT Apra 25, 2003 Corporate Bonds ACV ACCRIXD ESIMAIE0 CURRENT OtSCR•n3: SRI. 129 1371 CIAWIIT! PRICt SET MIA SU , St *WO !MD N FANNIE MAE CMO/SERIES 2002.82 31392FS73 MRGN 21.879.856 10.2653 2.246,028 20.450 1,472.514 65.5608 SN•IO FLTR DATED DATE 1002102 8COK ENTRY ONLY 0 011E 102&92031 6.730% FACTOR . .87503428 Taal Corporateacxxls 52.246,028 520.450 51.472,514 it TOTAL FIXEDINCOME $23.876.335 5418.194 $11,938,620 C in YOUR TOTAL ACCRUED INTEREST YOUR TOTAL ESTIMATED ANNUAL INCOME 5418.194 511.938.620 YOUR RRICEORORTFOLIONOLDINGS 524.004.409 r Transaction Detail INVESTMENT ACTIVITY SITADAD41 MYX DATE DATE TMIIS C110N 015c 101 SOAKLICUSP OU,Winv PRICE S ANCOR CREW mama 05/12/03 05/07103 SOLD FEDERAL NATIONAL MTGASS ES9OSEOCIA19- ANGS 3139219R4 -7.139.069 101.06250 7.214.922.36 SERIES 2003-18 CLASS /5 ACCR. INT. 33.88093 DUE 03/25/2018 10.050% 0987797115332 REF 0 2003050746050000 BS 027 OV3V0:335:30 001 9644 EFTA01320840 CLEARED ThillOUOPI IS %vary OANCO SUOPOLARY OFFICE SERVICING YOUR ACCOUNT Sew. Steams & Co. Inc. Oise. Si-' Swabs Cy. BEAR 363 mown Avenue New York. New York 10179 Ustreboth CeTiN Tani Orocitp. NA Yea 11201.31.50 STEARNS 1212) 272.2000 CW31172.1003 FINANCIAL TRUST CO INC 7 a !s STAMONT KATCO AMI 26.2003 TN:TOUGH /My 30. 2003 Transaction Detail (continued) ACCOUNT Pate IF= TPOMANTER NUMMI INVESTMENT ACTIVITY (centimes) mrr srAnkea Area 25.2003 SETTIENTENT TRADE DUL DATE TIV.WACTEN CESOTIATON SOANTOCUSIP DATUM PARE DUW Airturt caw ;ACM 05/14/03 0420103 BOUGHT FEDERAL NATIONAL MI6 ASSN 3136FAOR4 3.806.994 89.00000 3.388.224.66 STRPS SERIF_S 326 CUSS 1 PO DUE 07/0112032 00.001% 0987005014332 REF • 2003042146600000 6$ TOAD/ PREVIOUS MONTHS FACTOR z 05/14403 03/24/03 BOUGHT AS OF 04/29/03 FNI1/401.30YR(FNMA)G7D SETT.05.03 5N96686 20.000.000 100.93750 20.187.500.00 m DUE 050112033 06.500% 0987280211332 REF • 2003032446680000 BS C 05/14403 05/0703 CANCEL SW. FNMA.30YR(FNIAA)G7D 5N96686 20.000.000 103.10156 20.620.312.50 rn SE71.05/03 DUE 06/01/2013 05.500% O987280211332 REF • 2003050746240000 SS z AS Or 05.07/03 TO CM PREVIOUS SELL 05/14/03 03/24/03 CANCEL BUY FtaM-30YRIFNMASTO 51096686 -20.000,000 100.93750 20,187,500.00 St11.05/03 DUE 05/01/2033 05.500% 0987263211332 r REF • 2003032446680000 BS AS OF 03/24/03 To o. PREVIOUS BUY 136/14/03 05107/03 SOLD FNMA-30YRIFNA4/9GM 51096686 -20.000.000 103.10156 20,620,312.50 sETT.05.03 DUE 0501/2033 08500% 0987280211332 REF * 2003050746240000 BS 0514103 JOURNAL FEDERAL NATIONAL AMASS 31392.604 PS905£00- O19- ANGS SEWS 2CO3-16 CUSS IS 10.050 WE 0305/16 0915/03 PRINCIPAL FEDERAL NOME LOAN MEG CORP 31392R6U0 -2,236,C00 SERFS 2471 CUSS Yr 1.000 DUE 03/15/32 PRINCIPAL REDUCTN 054543 021 0541.030140 COI W41 I8 IJ IJ EFTA01320841 WARES THROWN A'S MASSY OAND) BILLOWY OFFICE SERyiCer., YOUR ACCOUNT Bear. Steams 6 Co. Me. Ow. Stews Smells, Cap. BEAR 383 Madison Avenue CAA Mwecta [sow Sou *wen Me. Yon 11201.3850 STEARNS Now York. New York 10179 (212) 272.2000 (210272.1000 FINANCIAL TRUST CO INC S • et S STATeursT Pp= Asyil 26. 7003 TAAcool M3730. 2003 Transaction Detail (continued) ACCOUTT state, TAJDAVER tan INVESTMENT ACTNTTY (ccertkrued) LAST STATE:PAM AO 25. 2003 SETTIIIAMI TUC( OATS Wit MANSACSON DESCOOPMAI meats. CAMATATY ARSE Olen AVOW CISCO WOW b5115/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392R6U0 -952 SERFS 2471 CLASS Yr 1.000 DUE 03/15/32 PRINCIPAL REDUCTN 0S-15-03 0 OS/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERFS 2483 CL St 5.690 DUE 03/15432 — 31392T6E2 -3.711.000 PRINCIPAL REOUCTN OS-15-03 05715/03 PRINCIPAL FEDERAL HOME LOAN Mit CORP 3139216E2 -454 E I SERFS 2483 CL SL LIMO DUE 03415/32 PRINCIPAL REDUCER OS-1543 C 05)15103 in PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393/A13 3.918.000 SERFS 2530 CLASS SE 6.090 DUE 02/15/32 PRINCIPAL REDUCTN 0S-15-03 osrigida SNtIPAL FEDERAL HOME LOAN MT& OW 31393FM3 -180 SERIES 2530 CLASS SE 6.090 DM 02/1502 PRNCPAL RECUCIN 05-15-03 05/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393F688 -1,680.000 SERIFS 2526 CLASS SI r 5.890 ODE 02/15132 PRICIPAL REDUCTN 05-15-03 06/16/03 PRINCIPAL FEDERAL ROME LOAN MTG CORP 31393FG88 -715 SERFS 2526 CLASS SI 5.690 DUE OM 6/32 PRWCPAL REDUCTN 0S-15.03 - 05/27/03 PRINCITAL FEDERAL NATIONAL MTG ASSN 3136EALQ1 282.084.50 STRIP MTG SERFS 322 CI P0 SS905£00- O19- ANGS 0.001 DOE 03/01/32 PION R/004-03 AD 05-25-03 REPO P 6I 0.0000 OTF asnualswo Op VMS En I8 b.) IJ EFTA01320842 ~D ~Jol ITS TENTOTAr OVANC7 SUOSTOARY OFIXE SERVICING YOUR ACCOUNT Begir. Stums b Co. Inc. IST Sit^ Ceo.S BEAR 383 Maioson Avenue Gos INInech 4wN 1.17T troolOn. ITerr Tok 11201~0 STEARNS New York. New York 10179 (212) 272.2000 1212I 272-1000 FINANCUL TRUST CO INC STANDENE ~0 AINI 26.2003 TINOUT314 May 30.2003 Transaction Detail (0006006d) /CLOUA'? Num= TWANER NIANICA on FM INVESTMENT ACTIVITY (conlinue0) us sy ~c sell 25.2003 ~EAT MADE DATE Ull TIONSACTIETA DES^N 111.00UCUSIT ~DM OEM AITICUlt MON! AUOUP11 05127103 PRINCIPAL FARME MAE Cm0/SERIES 200242 31392F573 .1.029.000 544/0 FUR 6.730 DUE 10/2931 PRINCIPAL REDOC17405-25-03 0 05/21A33 PRINCIPAL FANNIE Mg 040/SERIES 2002-82 5K-V1 FUR 6.730 CAN 10.25/31 31392,573 .270 PRNCIPAL REDUCTN 05.25-03 05/30/03 04/29/03 BOuGiR FEDERAL NATIONAL MTG ASSN 31393=8 24306759 11.06250 2.688.935.21 E I SERIES 2003.49 CLASS SW ACCR. INT. 19.175.34 CAN 01/26/2033 05.68031 0987021011332 RET 2003042954310000 65 2.‘ OF 04/29103 TOTAL 5.45.904.147.71 S4B 338 700.19 INTEREST art OLSCRITTON SY11110/CUSP OUPEDITE RATE EID DEMI MIOLW CMITAATOWIT r 04)28/03 AVG BAL 219.997RT 0.586 021 OFFICE INTEREST 0403 100.25 05/15/03 FEDERAL HOME LOAN MEG CORP 31392R6U0 1.0000 22.26748 liejki l idel0 11 5-92.03 05/15/03 FEDERAL HOME LOAN MTG CORP 31392R6U0 1.0000 µ 31.810.54 RI 47. Yr 95905£00- IA19- ANGS .1 05/15/03 FEDERAL HOME LOAN MTG CORP 313921652 5.6900 210.217.22 Tvise 5 690 027 04014.3.11.30 001 YW 171 8 IJ N2 00 EFTA01320843 CLEARED THROIXAM ria ma/ C•oltO SUSSOWO OFFICE SERVICING YOUR ACCOUNT Bea. Steams & Co. Inc. 0•76. See setae Oa BEAR 383 Madison Avenue New YOtk. New `reek 10179 Ono wooed, Coto /43M OxiOn. Om Vat 11201•3149 STEARNS (212) 272-2030 W21212-1003 FINANCIAL TRUST CO INC 10 eo STATEMENT neon April 26 2003 THRO1.O1 Mei 30.2003 Transaction Detail (continued) Accouter NLAPIER TAXPAYER ISMER On it INTEREST (continued) LAST STATOANT Avi IS 2CO3 DATE DESCAPTICII SYMIOUCUSP GUMMY RATE IV CCM &MOUNT COOMI MOAT 05,15/03 FEDERAL HOME LOAN MTG CORP 31392T332 6.6900 214.23448 O 1211 1We. aS i r23 0 05/15/03 FEDERAL HOME LOAN MTG CORP aCis41C0no3 31393tAi3 6.0900 247363.95 -n 05115/03 FEDERAL NOME LOAN MTG CORP M IORCL en-03 31393, 086 5.6900 99.138.19 C 05/27/03 FANNIE MAE PAO/SERIES 2002-82 31392F573 6.7300 128.48a02 rn Ma% WENT 0 '1.03 z TOTAL 5953414.23 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Steams& Co.Inc. r 517W OAR 05/13/03 MOE PAR TONSACTKO JOURNAL DESCRPT1311 ADP CO SWAIOUCUSIP 8888888 IMMO DEBIT moDUM MOT MOM 1.950.000.00 FITM-PR To77323301A 8.625 DUE 12/31/49 2074420592 05/13/03 JOURNAL 8888888 1.950.000.00 Frrha773233079 6.625 DUE 12/31/49 _ 2074420692 05/13/03 lOURNAI m ar 8888888 77323301C 1.950.000.00 8.625 DUE 12/31/49 2074420692 LS9OS£00 IN9 ANGS 027 0141/03:1110 001 1044 6tEEZZOO-V.L.43 EFTA01320844 ea.= Tnueal ITS Onle ADMAN' OFFICE SER ICING YOUR ACCOUNT Rear. Stearns b Co. Inc. MA. Sun ~es Co.. BEAR 383 Madison Arena New York. New York 10179 Ors Van en Noah ban. New Twit 11201.245.9 STEARNS (212) 272-2000 lily 272.1000 FINANCW. TRUST CO INC 11 a15 («Mate« (0)70 Per( 252003 TIRØ May 30.2003 Transaction Detail (continued) AØ %We TAxPAYOX ~ER On Me REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued] var sy.a/zwnn Awl 25.2003 SETTUMEN7 TRAP( DATE OA« litnE110(4 DESCRIPTION SWB3Le«.7. WUMT DM NEU« anon /MOUNT 05/13/03 JOURNAL 6688688 8.290.030.00 Mkt,' ?R77323301D 8.625 DUE 12/31/49 2074420692 05/13/03 INTEREST % 8888888 1.256.67 DUE 1 049 8.625 FONT-PR F077323301A 2074420692 -n 05/14/03 JOURNAL alaltikieg'°W4T?ir 1 6C 0,001 DUE 07/01/32 TITIA F134306$ Al 3136FA0R4 .3.806.994 3.159.000.00 RP OPEN RP13430B5A RP OPEN RII134308SA rn 05/19)03 JOURNAL STw _ AI_NA6 FIDERs5.fmws 0.001 DUE 07/01132 FILM F1393247 Al TIONAL LITO ASSN 32 el 4%5 PO 3136FACIR4 -3.606.994 2.120.000.00 RP OPEN RP1393247A P9 OPEN RP1393247A 05/19)03 JOURNAL RADSNATION.Alcs9 0ASSN 3138FAOR4 3.806.994 3,158,000.00 ST 326 i 0.001 DUE 07/01/32 TOM F134308-5 A2 r 05/19103 INTEREST RP TERM RP13430EISA 167 TERM RP1343065A STRIPEOLRAL budioNA PASSL 9a0 ASSN 3136FØ4 684.23 PS SERIES 32 1PI) DUE 07/01/2032 0,001 FM F1343085 A2 RP TERM PS/1343085A RP TERM /191343005A 09/23703 JOURNAL 11888888 85905£00- IA19- ANGS 9.290.000.00 FITMØ F077323301E 8.625 DUE 12131149 2074420692 027 0213713(t72S3 001 VIN4 EFTA01320845 CLLOWD MROuGn AN= 04.0.0 SAISOORr OFACE SERVICING YOUR MION.P4T Beet. Ste8mS & Co. Inc. Sims kortles Cap BEAR 383 Madisco Avenue Oat WeirOlICh Cats WO O . les von 11201.320 STEARNS New Yak. New Yak 10179 (212) 212-2030 121212721000 FINANCIAL TRUST CO INC 12 C4 '5 rrAiner: PER,00 April 26.2001 nire:oam May 3a 2003 Transaction Detail (continued) ACOOLNT MAMA TAXIWOZR immeti ik REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) LAM rAnUNT AEA 25, 2003 SMIDDINT TRADE Oat DATE OlvaACD0.1 OISCRPTIW SwilaialaR Wormy DEW MONT CREW MOM 05/23/03 JOURNAL ADP CD 8888888 9.290.000.00 Finl.rix F077323301F 8.625 OUE 12/31/49 2074420692 05/23/03 JOURNAL ADP 8888888 9,290,000.00 Fail-PR F077323301G 8.625 DUE 12)31/49 2074420692 -n 05/23/03 U FRMJfIt F077323301N 6.625 DUE 12/31/49 2074420692 8888888 11.100.000.00 C 05/23103 INTEREST ADP DUE 2/31 9 8.625 8888888 2.348.31 in FRM-PR 7077323301E 2074420692 05128703 JOURNAL sTRASEINTAWAss" 0.001 DUE 03701/32 3136FAL01 3.528,945 3.078.000.00 FTTM F1113165 44 PP TERM RP11131154 PP TERM RP111310.54 ••• 0572803 JOURNAL sERWIIMASIPAN MTG CORP 31392R6U0 34,977.030 r 1.000 DUE 03/15/32 ATM F0973100 A2 RP TERM RP09731034 RP TERM R1,09731034 05728703 JOURNAL 3136FA0R4 3.806.994 2.120.000.00 SIRAMCWASTl iSS" 0.001 DUE 07/01/32 ATM F1393247 42 RP TERM RP13932474 6S9OSEOCIN9- ANGS RP TERM RP13932474 027 05.01/03.1ka0 COI fl u rn 8 b.) IJ EFTA01320846 =ARID THROWN III vM0mY Ov.ta) WOO:WM C4TiCE SERVICES YOUR ACCOUNT BUR Bear. Stan & Co. Ono. 363 Mackson Avenue G.idetmlich Ow. $Ws Staten Coq. Crag Mat Imam. alto Yen >014.1159 STEARNS Now Yon', NOW York 1O179 (212) 272-2000 218 212.1030 FINANCIAL TRUST CO INC STATDADIT PEC000 April 26.2OO3 21.001.13a May 30.2003 Transaction Detail (continued) AOCCanfr PONDER TAXPAYER mew On Fie REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) urr sverealwr AO 25.2000 SI TlifM041 119.40( DAM DATE IliMISAC1104 orsoavnon sysouturur Mummy men MC40/1 atm sow 05/28/03 JOURNAL FEDERAL HOME LOAN MTG CORP 31392T)32 35.210.740 3.133.00000 SEM 2488 CLASS SO 6.690 DUE 03/15132 RIM F1153151 A4 0 05128/03 JOURNAL RP TERM RPI 153151A PP TERM RP1153161A tintlif 16773233011 8888888 3,190,003.00 8.625 DUE 12/31/49 m 05/28703 JOURNAL 2074420692 Ma 16773233011 8888888 11,100,000.00 8.625 DUE 12/31(49 ci 2074420692 m 05/28/03 INYERE§t FEDERAL NATIONAL MTG ASSN STRP MTG SERIES 322 a PO DUE 0341/2032 Wm F1113165 A4 0.001 3138FALOI 4.966.69 RP TERM RP1113185A RP TERM RP1113165A H 05/28/1/3 eager DERA NATIO MFG ASSN 3136FAOR4 832.10 S SERI S 326 c PO DUE 07/01/2032 0.001 FIN 11393247 A2 r INTEREST RP TERM RP1393247A RP TERM F6n193247A FEDERAL H E NMTG CORP 313927/32 05/28/03 4.506.91 SERIES 2468 C S OUE 0115/2032 6.690 MN F1153151 AA RP TERM RP1153151A RP TERM RP1153151A 05/28)03 INTEREST ADP CD 8888888 1,389.00 09905£00- 01D- ANGS DUE 1 049 8.625 FITWPR FO773233O11 2074420692 027 0•331/03:13 10 001 tn IJ IJ 1-91 Is) EFTA01320847 Clump TPA:Ws ITS vmOu.V WALD SuSSOAS Celt( SERVICR4G YOUR ACCOUNT Bear, Stearns & Co. Inc. Is Stars Sculls Cap. BEAR 383 Macison Avenue New York. New York 10179 & wrote." caw SS lists Sea Ca 201.3859 STEARNS 1214 272-2000 12131 212.1000 FINANCIAL TRUST CO INC 14 a it stArnes ProOD ACA 26.2003 IsPa.S.4 May 30.2033 Transaction Detail (continued) ACCCANT MASER risPANIA Marl" REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS Vonimiet0 tar STATOJES April 25.2033 SEMDPENT ISO( an OAK IRMSPC11014 DISCAIPTON :SOP/CUSP CRIONITI 000 nava CALM AVOW! 0929/03 JOURNAL 8888888 2.830,00080 FlTIM 8773233011. 8.625 OUR 12/31/49 2074420692 0 05/29/03 JOURNAL Fla 277323301K 8.625 OUR 12/31/49 2074420692 8888888 3,19800080 05/29/03 INTEREST ADP CD 8888888 82.41 m WE 12/31/2049 8.826 FIT1A-PR 2077323301K 2074420692 C 05/30/03 JOURNAL 8888888 2,830,000.00 in R1M-P NWR g i77323301N 8.625 CUE 12/31/49 2074420692 05/30/03 INTEREST ATOP 8888888 74.68 DUE 049 8.625 FITAAPR F077323301N 2074420692 TOTAL 549.149.991.93 544,883,131.07 r MISCELLANEOUS DATE WAS litmetACTS1 Ot.SCRP11P311 DEW MONO MO moon 05/09103 JOURNAL APR 03 SPEC CLEARING FEES 50.00 05114/03 JOURNAL FNMA-30YR(FNMMGTO 432.812.50 SETT.05/03 T9905£OO- O19- ANGS 5.500 DUE 0901/33 MSS MT 05/14/03 05/16/03 JOURNAL FEDERAL HOME LOAN MTG CORP 9843.18 SERFS 2471 CLASS YT 1.000 DUE 03/15/32 P41 TRNFR Oa? 0931,03.1S 30 001 VfAl I8 b.) b.) UN EFTA01320848 WAND TIROWN ITS WOLIN awe SUSNIXAAT CCTICE SERViCING YOUR ACCOUNT ION Sion Stoats Cos Bear, Steams & Co. Inc. BEAR 383 Mechem Avenue New York. New Yak 101, e Os MEMO Claw NOT &odd" Ike Tat 111014SO STEARNS (212) 272-2000 MA 272.10w FINANCIAL TRUST CO INC 15 an STATSENT PERKO *eel 26.2003 THROUGH Wry 30.2003 Transaction Detail (continued) ACCOUNT HYMN TNOTANTR KAM% On Fie MISCELLANEOUS (continues) Leer erkrower Apo 25.2003 an NOWT TONSACTON 0(10 MOM MECO /MOUNT 05/27103 JOURNAL 1.828.633.00 05/29/03 JOURNAL 362.114.00 TOTAL 5.362.164.00 52.270.988.66 z -n C Trades Executed Pending Settlement rn z Sonata OAR 06/12/03 TM( OAR 05/07/03 TRINSICTON BOUGHT DESCRSION FNMI030YR(FN/AA)C1D SHABOLOAIR 51196957 Weary 20,000,000.00 PRICE 102.7187 DENT SUMAC 20,543,750.03 CREW AMOUNT SETT.C6/03 COE 06/01/2033 05.500% 0987280211332 REF • 2003050746200000 I3S r TOTAL The SW. atlas 03,91 WOW ..10, Pee 11•0*.trINI !mew. 520.543.750.00 50.00 Z990SEOCIN9- ANGS End of Statement 321 05,31/03:1140 COI "44 I8 b.) b.) lr EFTA01320849 CaEARED mito.too ors 881-044. Onte.0 SL•SCAARY OFFICE SERVICNG YOUR ACCOUNT Bear Steams & Co. Inc. Bear. Sown Seamen Cce5 BUR 383 Madison Avenue Cne Memok. eats Son RAW, Mew York 11201485o STEARNS New Yak. New York 10179 (212) 272-2000 WV 272-1020 FINANCIAL TKUS1 CO INC ACCOUNT EXECUTI'vE GNMA GOVT BOND STATEMENT PERIc0 %Nth 29. 20D3 visa OUR WEBSIIT www.Learstcatm..com TmlliOuem Apl 25. 2003 ACCOUNT NuullEA What's In This Statement 1111rllrtrlr11111 I I TASPAKR NUNSER 01File FINANCIAL TRUST co INC vs, STATVADIT March 216 2003 Financial Summary 3 Your Pcrtfdio Holdings GO JEFFREY EPSTEIN Transaction Detai 6100 RED HOOK QUARTER 6 STE 63 Trades Not Yet Settled 13 ST THOMAS VI 00802 0 -n C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL VALUE CC SECURITIES nay PERIOD 21.153.305 Cron &EqUkent - 527 .944 1973.282 LONG ACCRUED INTEREST 193.002 Rad immuma521.153.305 AFT CREDIT BAIANCE 97,944 Income 124.025.042 Current market rat NIT Mare THIS PEMOD 521,444.251 r NET EQUITY LAST STATEMENT 24.650.030 MO SlateMerCS market van CHANGE SINCE UST STATEMENT -3,205.779 There are no 'Stop Loss' orders or other pending buy or sel open orders on Me for your account. £9905£00- O19- ANGS SW( Tin ',way is Ur Merton:I NM ANA. AN SWAN dearlitt Tin suennst +WO be MANNA R* no* riko-84 St reAne fee rr nouvrt1INAN1:414. 027 0476,03.11 48 001 En I8 IJ 1,2 1-41 1.0 EFTA01320850 WARM THROUCC4 w1Cco' OWPCD SUNDWAY Ow. Sun licurOes Co — lidOciach C— Not, 090k1o. New Val 112014869 (213127x.1000 FINANCIAL TRUST CO INC 1 y • 0 z m STATEMENT BACKER IS PRINTED ON THIS PAGE ci m z H r 179905£00- IND- ANGS 021 04R6C0:11441 001 1,643 EFTA01320851 CautC0 7145303M as YMcI. Con5E0 Su030MPLY arriCE SERvcING YOUR ACCOUNT Beet Steams & Co. Inc. SW.. Stens UMW. Cap. BEAR 383 Madsen Avenue New York. New York 10179 Om wawa Cola Wan BV:Idr. Maw TO1 112014659 STUWNS (212) 272-2000 ein 2720000 FINANCIAL TRUST CO INC 3 e •3 STATONNT PEP= March 29.2003 cmcCuOm Apnl 25. 2003 ACCC5110 Cash Flow Analysis Income Summary TAXPAYIX Tin NM® Pf1000 VUR1O OAT& LAST STATMaNT Wien n. 2003 Opening Ba lance 5273.282.28 Cart. Agency Int. 938,63316 3,788,032.44 Corp. Boni Int- 132.220.68 402.192.43 Securities Sold 48.556.911.46 Credit Balance 79.66 272.18 Dividends/Interest 1.070.933.50 Rowse Repurchase Int. 521.67 4,112.99 MiscelMews 145.91171 0 Amount Credited 549.773.758.87 Total Bond Purchase kit 51 071,455.17 0.00 54.192,610.04 -30.981.48 Searities Bought 49.850.352.59 Repurchase Ira. Ey. -13.352.59 -13.35159 m Funds %Mame -77,852.00 Miscellaneous -20,892.47 C Portfolio Composition rn Amount Debited Net Cash Activity S-49.949.097.06 -175.338.39 Cash/Cash Equivalent 97.944 Feed Inarne 21.153.305 Cloaing Balance 597.943.89 Your Portfolio Total 521.251.249 Allocation r Cash Balance Summary Cash & teuirdere — <1% • 0000144 MOWN Mengin 273.282.28 97.943.89 Net Cash 8allute 5273.282.28 597,94189 59905£00- IN9- ANGS Fried Income 99% UresSol Went 610, G. Otte NYv wdb eat wear! Nat. The tocirkw Omen:int ken w abode +wit pans 027 002503.11 01 001 v043 rn IJ IJ J EFTA01320852 CULAMO T) (M 1111 Maw' 010€00 0003011Xf OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. • Swis Satrous Cap. BEAR 383 Madison Avenue Mew York. Now York 10179 Ore Metaan Orin ilmh baldr. NM vat 11201.303.9 O16 212.1OOO STEARNS (212) 272.2003 FINANCIAL TRUST CO INC 4 a• STATEItt etAcO twint. 29. 2003 MROuca, *1 25.2003 Your Portfolio Holdings Afar VAMER CASH & CASH EQUIVALENTS TAX.AYER PALMER CT1 fa! LAST STATZWYT Mirth 28.2003 11AREE1 ESTIM111) [UMW 11130.111.100 SO.O1O‘O.41P WmOm VICUI MOWN. INCOM MLD 00 CASH BALANCE 97.944 TOTAL CASH & CASH EQUIVALENTS 597.944 0 FIXED INCOME -n Government & Agency Obligations CESCRIPTON ACCT AMMO MINA= CURIUM SWIM./CUSP Int Kamm MCI WARD VALUE MIREST *Ma POMIC 01.10110 C FEDERAL NATIONAL MEG ASS 31392JPR4 MRGN 7,139.070 98.7400 7.049.118 717.477 10.1783 in SERIES 2003-16 CUSS 15 DATED DATE 01/06/03 8170( ENTRY ONLY DUE 03/25/2018 10.050% FACTOR . .96509519 FEDERAL HOME LOAN MTG CORP 31393FAF3 MRGN 48.741.661 9.1479 4.458.847 82.458 2.968.367 66.5725 SERIES 2530 CUSS SE DATED DATE 10f11/02 BOON ENTRY ONLY r DUE 02/15/2032 6.090% FACTOR . .81236110 FEDERAL HOME LOAN MEG CORP 31393FG86 MRGN 20207.879 9.1154 1.905232 33.046 1.189,658 62.4220 SERIM. 2526 CLASS SI DATED OATEN:MUM BOOK ENTRY ONLY DUE 02/15/2032 5.690% FACTOR - 21238110 FEDERAL HOME LOAN MTG CORP 31392R6110 MRGN 26.720.852 2.7564 736.536 7.423 267.209 36.2791 9990SEOCIN9- ANGS SERIES 2471 CUSS Yr DATED DATE 0607/02 BOOK ENTRY ONLY DUE 03/15/2032 1.000% FACTOR . .76345290 04126003:11:40 001 4443 rn I8 IJ V.) 00 EFTA01320853 =ARO MRCLOm RS PAROLLY CAY.X.O SLIRSCARY CARCE SEAMING YOUR ACCOUNT Bear. Steams & Co. Inc. Bs. Stirs 'same. Cap. BEAR 383 Manson Avenue New York, New Ycek 10179 Ore Neva- Caw Mein mote. New Tot 11201.1.169 Rol 212.1000 STBIRNS (212) 2724000 FINANCIAL TRUST CO INC reit narrseer Mete march 29. 2003 THROU0/4 Apnl 25.2003 Your Portfolio Holdings (continued) ACCUAIT malt* TAXPAYER PLASM LAST sTATIIKUT March 28.2001 Government & Agency Obligations (conurued) ACC' ACCRUED 051WATED CIIRSERX DISOSIMEN 'MARC-0LS'. :TM COMM Pea IPARCET VILLE POLOIST WARM IKON VELD I% FEDERAL /TOME LOAN 1416 CORP 31392T&E2 MRGN 44.334,037 9.2039 4.080.481 70,075 2.522.607 61.8213 SERIES 2463 CL SL DATED DATE 07/02/02 BOOK ENTRY ONLY O DUE 0,V15/2032 5.690% FACTOR . .788S5490 Total Government& AgencyOultgations $18.230.814 5193.002 57.665.318 -n Corporate Bonds C ACCT ACORLED ESTRUM] CLOPMX41 rn Dt1O1211111J FANNIE MAE CMO/SERIES 2002-82 Slr-VO FUR SlinCtICUSP 31392F573 MRGN 0.APATry 22.909.126 MU 12.7589 WW1 VALUE 2.922.491 INTEREST NOR A. NOWT 1.541.784 MOD NI 52.7558 DATED DATE 1DO2/02 BOOK ENTRY ONLY DUE 10/25/2031 6.730% FACTOR - .91636507 Total corporatoeonds 52.922,491 $0 $1.541.784 r TOTAL FIXED INCOME S21.153.305 $193.002 59.207.102 YOUR TOTAL ACCRUED INTEREST 5193.002 YOUR TOTAL ESTIMATED ANNUAL INCOME 59.207.102 YOUR PRICED PORTFOLIOHOLDINGS $21.251.249 L9905£00- 019- ANGS 027 04,26M1.11 Re WI EFTA01320854 CUARt0 netovam rTS A.40tLY OWAD SUISSOVAY OFFICE SERVICING YOUR ACCOUNT Ow Son Setaitat Cap. BEAR Beer. Steams 6 Co. Inc. One Iteracth Carta• North 383 Madison Avenue Omar% New York 112014859 STEARNS New Yoh.. New Yak 10179 (21 2) 272.2000 I2I zrz.lcco FINANCIAL TRUST CO INC 6a> STAILItla PFI000 Minh 29.2033 THROUGH Ayi 2$.2003 Repurchase and Reverse Repurchase Transactions ADJOIN', %NINA TAX, AVER WNW; PM with Bear,Stearnsand Co.Inc. outstanding as of date of statement LAST STA.P.OTS, wee, 28, TOD] RUREMASE/ 110/11011St PROM PAWS( POW ACCRUED REPO 01100110Y START DOE E1E MR Pfld INTEREST. JSWOI Cuts CCSOISTCN YOU PROVIDED FEDERAL HOME LOAN 1ATG CORP (MRGIN) 04/07/03 OPEN 0.000 .50,000.000 31392R6U0 SERIES 2471 CLASS YI 1.000003/15/32 YOU SOLD FNMA.SMETS PRINCIPAL ONLY (REPO) 04/21/03 05/21/03 1.570 -3.078000 -939 -5.000.000 3138FAL01 SERIES 322 CLASS PO 03/01/32 z -n YOU SOLD (REPO) 04/25/03 05/2103 1.570 -3.133.000 -409 -50.000,000 11392T132 FEDERAL HOME LOAN MTG MAP SERIES 2486 CLASS SO 6.6900 03/15/32 TOTAL REVERSE REPURCHASE TRANSACTIONS 50 SO C TOTAL REPURCHASE •RAUSAC'IONS rn 5-6.211.000 5.1,348 ataweren an z -H Transaction Detail r INVESTMENT ACTIVITY 21112021111 01/01 WE ERIE 1RARSOCIPON OCSCR011311 111100110.15P OUVIRTY MCI Ear AAK1Ula a£M AVOUNT 04/14/03 01/27/03 BOUGHT FNIA4-30YR(FNMA) DID 9496251 10.000,000 100.60938 10,060937.50 SET7.04/03 CUE 04/01/2033 05.500% 0987797115332 8990SEOCIN9- ANGS REF a 2003012746430030 BS 04/14)03 02104/03 BOUGHT FNMA- 1NMA)GTD 5(196251 10,000,000 100.93750 10,093,750.00 SETT.0003 DUE 04/01/2033 05.500% 0987280211332 REF a 2003020446390003 BS 027 0416510111:110 001 Yby En 8 b.) b.) W a O EFTA01320855 CLE8980 1W101.83m 03 vOOLLY 00310) 21.83.CW/Y OFFICE SERVICING YOUR ACCOUN7 Bear. Steams & Co. Inc. 8es/ Reams SCUPS. Cap. BEAR 383 Madison Avenue New Yea. New York 10179 manoto Cettli. gra Orceitp. New IfOrk 11201.3859 STEARNS (212) 272-2000 Cala 272.lcco FINANCIAL TRUST CO INC 7 a •F IITATEMEhl PERM) Myth 29.2003 THROUGH Ayel 25. 2003 Transaction Detail (continued) ACC013141 %NM 781PAYER MAW/ On Fie INVESTMENT ACTIVITY (continued) LAST STAIIMMT Myth 28.2003 51111138130 1980( OATE PM 184115481109 MGM= 511.18X81/512 0.01809 PACt 0188 Alielfre MCC MOW 04114/03 03/24/03 CANCEL SELL FNMA.30YR(FNMAI GTO 5N96251 20.000.000 101.35156 20.270.312.50 C) SETT.04/03 DUE 0401/2033 05.500% 0987200211332 0 REF 8 2003032445850300 85 AS Di 0372403 TO CA PREVI3US SELL 04/14/03 01/27/03 CANCEL BUY FNMA-30YR(FNMAIGTE) 5N96251 -10.000.000 100.60938 10,060,937.50 SETT.04A)3 m DUE 0401/2033 05.500% 0987797115332 REF 12003012746430000 BS C AS OF 01/2700 TO 01 PREVIZUS BUY rn 0014/03 0204703 CANCEL BUY FNMA-30YONMA)G D SETTO403 DUE 04/01/2033 05.500% 51196251 -10000000 100.93750 10.093.750.00 0987260211332 REF # 2003020448390003 BS AS OF 02/04/03 TO CAL PREVEUS BUY 04/14103 03/24/03 SOLD FNIAA HT NMA)GTO 51196251 -20.000.000 101.35158 20.270312.50 SETT.D4M3 r cm 0601/2033 05.500% 0987280211332 REF 12003032446850000 BS 04/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392R6U0 -1.546.030 SERIES 2471 CLASS YT 1,000 CUE 03/15/32 PRIKIPAL REDUCTN 04-1603 04/15/03 PRINCIPAL FEDERAL HOME LOAN MIG CORP 31392R6U0 410 69905£00- O19- ANGS SERIES 2471 CLASS YT 1.000 DUE 03/15/32 PRINCIPAL REDuCny 04-15-03 04/15/03 PRINCIPAL FEDERAL MOMS LOAN MTG ODRA 3139276E2 -2.569.000 SERIES 2483 a Si. 5,720 DUE 03/15/32 PRINCIPAL REDUCR4 061543 027 04/744811:44 001 VS83 rn 8 b.) 1.2 EFTA01320856 =ARM 114IOUON ITS ?MOLLY OVA.= STAISCAARY 01310E SERVICING YOUR ACCOUNT Bear, Steams & Co. Inc. But. San Saw** ON. BEAR 3B3 Madison Avenue New York. New York 10179 Oro ihmoNch Casey WS Mote". Mw Tait 11201.L55 STEARNS 1214 272-2000 Inn zia-loco FINANCIAL TRUST CO INC 8 ,3 stAistarNT INDIOD /Arch 29.2003 nOtOUDN Ara 25.0003 Transaction Detail (continued) ACCOUNT KauSEN TAXPAYER NUNSEA INVESTMENT ACTIVITY (0)ndmed) LAST STATiwir march 28. 2003 SEM/WENT TINGE DATE DATE MUSCIICed wicsrancri SON3O./CUSp Comm P4105 oust MONT CREDO /MOUNT 04/15/03 PRINCIPAL FEDERAL HOME LOAN AUG CORP 31392T6E2 -379 SERE 2483 CL St 5.720 DUE 03115/32 PRINCIPAL REDUCTN 04-15-03 04/15/03 PRINCIPAL FEDERAL HOME LOAN MEG CORP 373930.13 -2,857,000 SUES 2530 CUSS SE 6.120 DUE 02/15132 PRMCIPAL REDUCTN 04-15-03 -n 04/15703 PRINCIPAL FEDERAL HOME LOAN MTG CORP sEREs 2530 CUSS SE 6.120 DUE 02115/32 313931A13 -650 PRINCIPAL REDUCTN 04-15-03 C 04/1903 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393F088 -1.225.000 in SUES 2528 cuss 51 5.720 WE 02/15032 pRiNcipAL REDUCTN 04.1543 04./15.103 PRINCIPAL FEDERAL HOME LOAN MEG CORP 31393FG86 -795 SERIES 2526 MASS Si 5.720 WE 02/15/32 PRINCIPAL REDUCTN 04-15-03 04/25/03 PRINC.AL FEDERAL NATIONAL MEG ASSN 3736FAL031 231,916.95 snap tiro wen 322 CL PO r 0.001 DUE 03/01/32 pRN RID 03-03 P/0 04-25-03 REPO P 8I 0.0300 cmastba PRiNalPAL FANNIE MAE CMO/SERIES 2002-82 31392F573 .614.196 5K-SO FLU 6.730 WE 10/25/31 PRI/at/PAL RECOUP/ 04-25-03 04/25/03 PRIN5PAL FEDERAL NATIONAL MEG ASS 313921PR4 -188,473 OL9OSEOCIN9- ANGS SERIES 2003-16 CLASS JS 10.060 WE 03/25/15 preNapAL REDucTN 04-25-03 027 04/26.03.11.40 COI VON I8 b.) IJ IJ EFTA01320857 ~RED llektuan irS M.14CtLY Genie° SueS0wri OFFICE SEWERS YOUR ACCOUVT Bear. Stearns 8. Co. Inc. Bear Suns Sec a Cap. BEAR 383 madisc0 Avenue OY idaret.aa Caw NYT Ilrod0p. Non Val 11211.54159 STBNRNS New York New York 10179 (212) 272-2030 :2122 272.1003 FINANCIAL TRUST CO INC STATnert 1.01)00 Math 29. 2003 /14ROUOm April 25. 2003 Transaction Detail (continued) steCtea ~ma TAKPAYOs MER INVESTMENT ACTIVITY (ccotinued) UST STATtliVir Mach 28. 2001 5011.11000 MAX DAR 0" IltANSACTO1 COCMP1/31f nueOlttlyi, MC( 0011 »WI3 On DO WONT 04/25/03 PRINCIPAL FEDERAL NATIONAL WC ASS 31392JPR4 188.472.84 SERIES 2003-1S CUSS JS 10.050 CUE 03/25/18 P2-7,NK2PAL PAYVENT 04.25.03 0 NJ' A I. 5.40 425 COO 00 540.845.389.79 z DEPOSITS AND WITHDRAWALS OAR MUCAC1130 OESC” 00IIIMOUNIT Cetort main 01/03/03 END WIRED m 48Q6effiSWIRED TO 77.852.00 Wtti AC238/604020 C 237788 z TOTAL 5-77 85200 INTEREST r art 03/31403 ODYISITC41 AVG BAL 241,588RT 0.424 021 OFFICE INTEREST 0303 511121/0119) COMM WEN 012.1110JV CST tam 79.68 04/15/03 FEDERAL HOME LOAN MTG 313920580 1.0000 23.557.88 IMRCor49vg.3 04115/03 FEDERAL HOME LOAN WO CORP 3139205110 1.0000 33.854.12 TL905£00 IND ANGS Mr °112713 51 :1.4. 04/15403 FEDERAL HOME LOAN MIG CORP 3139211352 5.7200 223,572.95 Oa? 04121103:11:48 001 212 £9£EZZOOVia EFTA01320858 0-EMED 1100U0n ITS womttv OATS* sa*wRv CCfiCE SERYCING YOUR ACCOUNT Bear. Steams & Co. Inc. Na. Swam Scans Co Ow liemsach Car It,,, BEAR 383 Madaon Avenue New York. New York 10179 amahn. Nem Vert 1T:01.1419 0121271.1000 STEARNS (212) 272.2000 FINANCIAL TRUST CO INC 10 e 8TATMENT PERM March 29.2003 11410.43.4 AO 25.2003 Transaction Detail (continued) ACCOura mmlet TathavER mum* On File INTEREST (condrued) WIT STATVADTT March 2t 2003 DATE CISCRPTION SYMOCUCUS. 004/004 RAM 09 OEM TMOUM 0600 IMMO 04115/03 FEDERAL HOME LOAN MFG CORP 31392T/32 8.7200 227.667.02 Dieisgps3 0 04/15/03 FEDERAL HOME LOAN MTG CORP IIIMINCD;g03 31393FAF3 6.1200 263,156.51 z -n 0//15103 FEDERAL HOME LOAN MTG CORP kg. 313931686 5.7200 105.503.85 C 04/25/03 FANME MAE CMO/SERIES 200242 31392F573 6.7300 132.220.68 in 04/25103 WARJENT 11!&3 FEDERAL NATIONAL MTG ASS 313921PR4 10.0500 61.52043 z MUMMA NT 03:18707 TOTAL Si 070.033.60 REPURCHASEAND REVERSE REPURCHASE TRANSACTIONS r with Bear, Steams& Co.Inc. SURES TRAM art 0411 UM15/4112.14 OTSCIWTION ST/10000.60. GUAM( DLM Mar/ atm MOUNT 01/07/03 JOURNAL SERIESM-Mr MTG CORP 31392R6U0 40.384.945 1.000 DUE 03/15/32 FM F0977100 Al ZL9OSEOCIN9- ANGS RP OPEN RP0973100A RP OPEN RP0973100A 0017/03 JOURNAL 8888888 750.003.00 FITS R773233016 8.626 CDC 12/31/49 2074420692 04/21/3111:411 001 V14.1 IJ IJ EFTA01320859 CLEARED Thaa.cm ITS VesOLLY Oisba0 WASCURv OFFICE SERVICING YOUR ACCOUNT Beer. Stearns & Co. kw. Sear. Yana soartan Cap. BEAR 383 Madson Avenue New York. New York 10179 Cat Maar-5 Cate Nab Srcolln law York 112014859 STEARNS (212) 272.2000 12121222-1010 FINANCIAL TRUST CO INC 11 o113 STATEuea Pf.M00 Mach 29, 2003 niA011264 AO 25. 2003 Transaction Detail (continued) ACCdar HASA Mona MAHER REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (canInuecQ LAST STATOVINT Werth 28 2003 5411121.1111 MIX OAR DATE IPAPSICDON OLSCOPTON $011.15.CUSIP Ou/alai DRIP WPM CREW MOUNT 0017/03 JOURNAL Far C2773233017 8.625 DUE 12/31/49 8888888 750,000.00 2074420692 0 04/17/03 JOURNAL ADP FMA-M 773233018 8.625 DUE 17/31/49 2074420692 8888888 750.000.00 -n 04/17/03 JOURNAL nia R773233019 8.625 DUE 12/31/49 2074420692 8888888 1.950.000.00 04/17/03 INTEREST ADP CD 8888888 521.67 C DUE 12/31/2049 8.525 in 04/21/03 FillA-PR F0773233016 2074420692 NAL 3136FAID1 3.811.029 3.032.000.00 A3UNNAL STRgifnitri gre thk G ASSN 0,001 CUE 03/01/32 FI114 70781186 A2 RP TERM R90783186.1 RP TERM RP07831864 04/21/03 JOURNAL 3136FALOT -3.811.029 3.078.000:08 r STRkafeikanin 0.001 DUE 03/01/32 FEIN 71113165 Al RP OPEN RP1I13185A NA N ASSN RP OPEN 011113185A 04/21/03 INTEREST ASSN 3134FAL01 4,307.97 STRIMIRMPAIV DUE 03012032 0,001 FRM 70763166 AZ PP TERM M783186.4 EL9OSEOCIN9- ANGS RP TERM APO/83186A 031 01/210;11p1A 001 11543 In 8 b.) 1.2 EFTA01320860 CLEARED NAOLARn rTS AM0tiv OwstD SJELScrAxe OFFICE SERVICING YOUR ACCOUNT Boa. Sena Sonnies Cap BEAR Boar. Steams & Co. Inc. 383 Madison Avenue New VEDA New Yet 10179 Cne Verouth Ceno Nam awinn AA. at .1201-3859. STEARNS (212) 272-2C00 121?)2n.loon FINANCIAL TRUST CO INC 12 el, STATEulek7 Plitco With 29.2003 flocs-Kai Ael 75. 2003 Transaction Detail (continued) AZOOLNT otwaEct TA0AvER KAMM REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (conliwed) LAST svArcure Witch 28. 2003 UMORN MAC( GATE an rtAASAC11Cei mscept04 SYM1101.0.64P 0444 DEMI MOAT 41047 MI0UNI 04/25/03 JOURNAL 313921/32 -38.427.745 3.133.000.00 SERIETIARtaitf LO MTG CORP 6.690 DUE 03/1932 FMA F1153151 Al 0 04/25003 JOURNAL RP COEN 01153151A RP COEN RP1153151A EDIERALMMAN MTG CORP Mi ms ZABO 31392T132 38,427.745 3.600)300.00 6.690 DUE 0311932 -n FITM 70593333 A2 RP TERM RP0593333A RP TERM RP0593133A ..... C 04/25/03 INTEREST FEDERAL HOMEMAN MTG CORP SERIES 218I CLAM 31392T332 9.044.62 rn 03t15/2032 6.890 FLINT F0593333 A2 RP TERM RPOS93333A RP TERM V0593333/. TOTAL 5.9.425.352.59 57.711 521.67 MISCELLANEOUS r DATE M0DAY IRSGSC1DI CESCRP1174 DEBIT SIA0CNI alte MOM 04/1003 JOURNAL AMR 03 SPEC CLEARING FEES 700.00 04114/03 JOURNAL FNMA.30YR(FNMA)GTO 115.625.00 SETT.CW03 5.500 DUE 04/01/33 MIS NET 00443 PL905£00- O19-ANGS 04/16003 JOURNAL FEDERAL HOME LOAN MTG CORP 20.192.47 SERIES 2471 CLASS YT 1.000 Du( 03/15(12 NT 021432128 TO 021.52128 022 044610111:4 001 11143 I8 IJ IJ 0", EFTA01320861 CUOMO TotOuem ITS MADALY CAWS° IMISCMAY OFFICE SEMACING YOUR ACCOUNT Out. Swans Searbes Cs*. Beef. &earns & Co. Irc. BEAR 383 Madison Avenue Now York New York 10179 Cam Mtatemn Cele see eiosian. MV York 112014859 STEARNS (212)272.2000 912I 272.1000 FINANCIAL TRUST CO INC 13 v•I STATEMENT SEIKO Math 29. 2003 110100011 Awl 25, 2003 Transaction Detail (continued) ACCCtEr MANNA TAXPAYER maMEAM IP M MISCELLANEOUS (corOnced) tAst STATEMENT Meth 28 2003 DAN MODAY TRAM5ACTOM DESCRISMN Men mem LEECC Aare 04/21/03 JOURNAL FEDERAL HOME LOAN MIG COOP 20.192.47 SERIES 2471 CLASS VT 1.000 DUE 03/15/32 REVERSE 4/16 ENTRY 0 04/21/03 JOURNAL FEDERAL HOME LOAN M7G CORP SERIES 2471 MASS Yf 1.000 OUE 03/15/32 10.095.24 INT 021.92128 TO 021-52128 -n TOTAL $-20.892.47 $145.913.71 C in z -H Trades Executed Pending Settlement Strilaert 19101 [mit OM riumiCTION OISCRPIMS SYMMS:LW OUVEMY 9W DEMI MOAT moo mecum r 05/14/03 03/24/03 BOUGHT FRMA-30YR(FNMA)CID SETT.05/03 5N96886 20.000.000.00 100.9375 20.187.500.00 DUE 05/0112033 05.500% 0987280211332 REf 0 2003032446680000 BS TOTAL 320,187,500.03 30.00 T. On. Clan Co Pa wow any Wet .. a8, a m Malitner. SL9OSEOCIA19- ANGS 027 ON2103:11:44 001 1M43 EFTA01320862 CL/ARCO naC0011 ITS iindeLLY 0'MC SUBSOAlte anco SERVICING YOUR ACCOUNT Ow fl an Stoolies Coe?. Bear. Steams & Co. Inc. o.Idaeolein C— Mat BEAR 383 Madson Avenue New York. New York 10179 areenr. It. vet 112014.30 2121 272.1000 STEARNS (212) 272.2000 FINANCIAL TRUST CO INC ACCOUNT EXECuTNE GNMA GOVT BOND STATEsee recto° March 1.2003 VISIT OUR WEBSUE avm.bearsteams.com TNMW W> MVO 28 2003 Accoma NuulIER What's In This Statement TraffrArra wsiera LAST STArmiev ['Way 28.2033 Financial Summary 3 FINANCIAL TRUST CO INC 0/0 JEFFREY EPSTEIN You' Portfolio hidings 4 6100 RED HOOK QUARTER Transaction Detail 6 STE B3 0 Trades Not Yet Settled 11 ST THOMAS VI 00802 0 z m C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL VALUE OF SECURITIES 1145 PERIOD 24.075.942 Case b Er/anew% $271282 z LONG ACCRUED INTEREST 300.806 Ned 1385.776 S24.075.942 NET Mort BALANCE 273.282 Warne sustain Q$T meter Nam NET EQUITY THIS PORK* $24.650.030 ME tatt stamen's market value r NET EOUITY EAST STMETANT 23.891.200 cRANGE SINCE LAST STATEMENT 758.830 There are no 'Stop LOSS. orders or other pending buy or sell open orders on file for your account. 9L905£00- 019- ANOS Amon Y lot ifeensdeasi eases ally. I N rta veered n o tax Nis. SIN llis "Ns unmet Steal trIallitd * YOU roma See nese ale tr main carom 027 03!903.10-.M 001 VS42 8 b.) IJ 00 00 EFTA01320863 Ct.Watt nIttl-CM ITS W140u. anus MAMMY Bar. Sea Stant."' CM. One Wraith Ori N.;rth Omar. New erg ZO 3109 212) 211.1000 FINANCAAL TRUST CO INC z m STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r LL9OSEOCIN9- ANGS 021 03/21103:1064 00i IS•2 EFTA01320864 MIMEO THROuGli ITS 'Attu. Owed> Watinuri OFFICE SERVICING YOUR ACCOUNT Mt Sin Seesaltas Cap. Bear. Steams b Co. Inc. BEAR 383 Madison Avenue Ore lama° crow worn Me rot 11201.3619 STEARNS New York. Nen York 10179 (212) 272.2030 IbA 2/2.1000 FINANCIAL TRUST CO INC 3 a •3 STATEwE T POMO March 1,2003 Trecual tAwCh 28.2003 ACCOUNT NjUltErt Cash Flow Analysis Income Summary TAXPATTR mANIFJ1 DiSPOJOI) nos PERM Wm TO MIL LAST STATVANT Februvi 28. 2003 Opening Balance 5385.775.82 Go)t. Agency Ire. 962.655.39 2.847.399.28 Corp. BCcld Int. 134.082.87 269.971.75 Searties Sold 5,010,034.50 Credit Balance Ira. 64.72 192.52 DaldendsAnterest 1,096,802.98 Rouse Repurchase kit. 77.08 3.591.32 Miscelanecus 205.279.34 Total 51.096.880.06 53,121,154.87 Amain Credited $6,312.116.82 Bond Ruches, Int. 0.00 -30.981.48 -n Securities Bought Miscellaneous -6.270.120.19 -154,490.17 Portfolio Composition C Amount Debited 5.6 424 610 36 in Net Cash Activity ,112,493.54 CasIVCash Eguhralem Reed Income 273.282 24.075.942 Closing Balance 5273 282 28 Total 524.349.224 Your Portfolio Allocation Cash Balance Summary r CPEMI Cu)SING CaSh b Equiraknt-, 1% 385.775.82 273.282.28 Net Cash Balance 5385.775.82 5273.282.28 8L9OSEOCIN9- ANGS — Fad Income 99% U-Nlvd. p&W. Pep. 00)1 WY, (. Vett VW. TWIN vita Thi Ocala. porawao• • brad — Te Ueda, Nolte! %SIM 01 ITO POT* 042 COr4103:10.1 031 V642 En 8 b.) IJ --J EFTA01320865 CLEARED isstOusA n *Wive PANED sussestary OFFICE SERVEING YOUR ACCOUNT Bear. Steams & Co. Inc. Bs. Sums Sipmitot Cap. BEAR 383 Mason MEOW One Mime. ova/ Nee Macy% Nivt Tore 11201.3852 STEARNS New 030. New Yak 10179 (212) 272-2000 CM 2720003 FINANCIAL TRUST CO INC 4 912 surrwrxr moo hatch 1.2003 TMCEMI Meech 28.2003 Your Portfolio Holdings M'CO ofT MAIO CASH & CASH EQUIVALENTS TA210701 WISER 00 Fie LAST STATtuarn Forum, 212003 Algafti EsniALID) °ARENT DESCatits PWCLCUSP @WM. PM( Via! MNYL ACC.Al sill° r%) CASH BALANCE 273.282 C) TOTAL CASH & CASH EQUIVALENTS $273.282 0 FIXED INCOME m Government & Agency Obligations ACC ACCIAnD (SWAM CtibtOil DESOWTOM MMOUCUSP C FEDERAL NATIONAL MTG ASS 31392JPR4 ME MRGN Osman raw./ wow VMSC KUNST AskuAL DICCAE rn 7.327.513 97.6300 7.153.880 8.153 738.250 10.3198 SERIES 2003-16 CLASS .16 DATED DATE 01106/03 800K ENTRY ONLY DUE 0306/2018 10.0)5% FACTOR - .99061310 FEDERAL HOME LOAN MTG CORP 31393F/43 MRGN 51.599.311 10.3259 5.328.097 114.036 3,157.878 59.2684 SERIFS 2630 CUSS SE DATED DATE 10/11/02 BOOK ENTRY ONLY r DUE 02/15/2032 6.120% FACTOR - 05996860 FEDERAL HOME LOAN MTG CORP 31393FG86 MRGN 22.133.676 9.2919 2.058.648 45,719 1.266.046 61.5588 SERFS 2526 CUSS SI DATED DATE 1001/02 BOOK ENTRY ONLY DUE 02/15/2032 5.720% FACTOR • .85998960 6L9OSEOCIN9- ANGS FEDERAL HOME LOAN MEG CORP 31392R6U0 MRGN 68.654.407 2.7988 1.921,493 24,794 888.544 35.7297 SERFS 2471 CUSS YT DATED DATE 0607/02 8COK ENTRY ONLY DUE 0315/2032 LOW% FACTOR . .80769890 027 NN*81104E 001 V642 rn I Sb.) La b./ --J EFTA01320866 PLOW 081083m ITS vasOu One= SUSSCsAlre OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. Pm Sinn Seams, Can BEAR 383 Madison MONS New York. New York 10179 Ora Iheredsch e n ftnn Wooler. Nat at 20 .31S9 STEARNS (212) 272-2000 2123 272.1000 FINANCIAL TRUST CO INC 5 n': STATE:8MT PEROO PAWN 1.2003 imsCUGH Weal 28. 2003 Your Portfolio Holdings (continued) ACCOUNT Ma Nubia" TiOnvIll LAST amnion rebury 28.2003 Government .5 Agency Obligations (continued) ACCT OCCIALED IS1ItMTtD ORSENT °ESCROWS STIABOUCUSIF SOY 0Sonrc MCI VAMET VALLIE ratREST Mild" MOUE me me FEDERAL HOME LOAN MEG CORR 3139216E2 MRGN 46.903.416 9.3921 4.405.222 96.882 2.682.875 60.9022 SERIES 2483 CL SL DATED DATE 07/02/02 BOOK ENTRY ONLY 0 DUE 03/15/2032 5.720% FACTOR - .81309650 Total Government& Agency Obligations 520.865.338 5287.584 58.531.593 -n Corporate Bonds C ACC: /COMO IMAM) CUTOUT rn DISCRIPTICH FANME MAE GMO/SERIES 2002-82 SKIN FUR STIdiltoCUSP 31392F573 MRGN Oussary 23.523.322 MICE 13.6486 MUST YALU( 3.210.604 WSW 11222 11•4111. WOW 1.586.648 NEM(%) 49.4190 DATED DATE 1002/02 BOOK ENTRY ONLY DUE 1025/2031 6745% FACTOR • .94093290 Total CceporateB0exls 53.210.604 513,222 51,586.648 r TOTAL FIXEDINCOME 324,075,942 5300,806 510.118,241 YOUR TOTAL ACCRUED INTEREST 5300.806 YOUR TOTAL ESTIMATED ANNUAL INCOME $10.118.241 YOUR PRICED PORTFOL IOHOLDINGS 524.349.224 08905£00- O19- ANGS 027 03121101:1054 001 VS42 rn I S IJ V.) IN —J r‘a EFTA01320867 wANCO WOVDPI Meer este $13381001rt OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. env Steers SeCurtlet 500 BEAR 383 Madison Avenue New Yak, New York 10179 Coe PAHmecch Lew NW ertatirt Nee Vert 11201.3859 STEARNS (212) 272-2000 (212) MOW) FINANCIAL TRUST CO INC 6 e STATIVENT PM° Wed, 1.2003 1149000.1 Mirth 28.2003 Repurchase and Reverse Repurchase Transactions Art0.rNT MUSA 7.09AVER wAW en Flo with Bear,Steamsand Co.Inc. outstanding as of date of statement utter STAMP? February 282003 PUOWSE/ RFANEWSE PROW WOW PAW WAND REPO WNW StMI WE WI RATE PAWIPAL WRIST* WE WOUND OW DESCR910. YOU SOLD FEDERAL HOME LOAN MTG COW' 0 (REPO) 02(28/03 05/07/03 1.580 -3.680.000 -5.006 -50000800 31392T132 SERIES 2488 CLASS SO 6.7200 03/15/32 0 YOU SOLD 03/19'03 04/21/03 FNMA-SMBS PRINCIPAL ONLY z (REPO) TOTAL REVERSE REPURCHASE TRANSACTIONS 1.550 -3032000 SO -1.566 -5.000.000 3136FAL01 SERIES 322 CLASS PO 03/01/32 - SO TOTAL REPURCHASE TRANSACTIONS 5.6.712.000 54.572 'PO Or Stoll Rao C rn z Transaction Detail INVESTMENT ACTIVITY r SEMDAENT DATE 03/12/03 TRJOE 081E TRANSACTION JOURNAL OESCRPIXIN FEDERAL HOME LOAN MTG CORP SMEWCUSIP 31393FG86 DEWITT -2 PIECE DEPT M IT CREDIT AMCW SERIES 2528 CLASS SI 5.660 DUE 02/15/32 03/17/03 PRINCIPAL FEDERAL HOME LOAN MEG CORP 31392R6U0 -2452.030 SERIES 2471 CLASS YT 1.003 DUE 03/15/32 PRINCIPAL REDUC17403-1543 T8905£00- 019- ANGS 03(17/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392R6U0 -339 SERIES 2471 PASS YT 1.000 DUE 03/15/32 PRINCIPAL REDUCTN 03-1543 co/ 03/29.03.10.54 CM VMS ELI IJ IJ —J EFTA01320868 MUM TPRO4,31.1 ITS %.M0u.v 06.0.ED Sun.:war OFFICE SERVICING YOUR ACCOUNT Boar. Steams & Co. Inc. Sea Storrs Secants Cap. BEAR 383 Madison AvenUO New Yot. New York 10179 One Mercaedi Cater NMS linden Net Tot B201.3559 STEARNS (212) 272-2000 1212)2/24000 FINANCIAL TRUST CO INC 7 d.2 STATUS, POMO 'MO 1.2003 Mirth 28 2803 Transaction Detail (continued) ACOXINT MIMES TAXPAYER rolieel1 QB rik INVESTMENT ACTIVITY (continued) LAST STATUDIT Febtery 28, 2003 SEMEI/Ela MOE aut Dirt TRAPACOOM COMPTON SYSISOUCWIP 011et4MT FPIf4 OM near CREDO AKIN! 03/17/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 3139276E2 -2.366.000 SERIES 2483 CL SL 5.720 DUE 03/15/32 C) PRINCIPAL REDUC17/03-15.03 03/17/03 PRINCIPAL FEOEPAL HOME LOAN MFG CORP 3139276E2 •238 SERIES 2483 CL SL 5.720 DUE 03/15/32 PRINCPAL REDUCTN03-1543 -n 03/17/03 PRMC1PAL FEDERAL HOME LOAN MEG CORP SERIES 2530 CLASS SE 6.120 CBE 02/15/32 31393FAF3 -2.422.000 PRINCIPAL REDUCTI403-15-03 C 03/17/03 PRINCIPAL FEDERAL NOME LOAN MTG CORP 313931.413 •336 rn SERIES 2530 CLASS SE 6.120 Cur 02/15/32 PRPIOPAL REDUCTN 03-154)3 03/19/03 03/17/03 BOUGHT FEDERAL NATIONAL MI6 ASSN 51361AL01 4.042.946 8934375 3.51-0).0.19 STRP MTG SERIES 322 CL PO WE 03/01/2032 00.001% 0987135514332 REF Ft 2003031746650000 BS 03/25/03 PRINCIPAL FANNIE WE CMO/SERIES 200242 313921373 442.336 r SIC-10 FUR 6.713 DUE 1005131 PRINCPAL REDUCTN 03-25-03 03/25/03 PRINCIPAL FEDERAL NATIONAL MEGASS 31392JPR4 -69.957 SEM 21:03-16 CLASS JS 10.000 DUE 03/25/18 PRINCPAL RENON 03.25433 0325/03 PRINCIPAL FEDERAL NATIONAL MEG ASS 313921PR4 69.95792 Z8905£00- 019- ANGS SERFS 20d3-16 CLASS IS 10.020 DUE 03/25/18 PRINCIPAL PAYMENT 03.25.03 TOTAL S-3.612.120.19 369.957.42 02T 03/2503:10,54 001 WAS I8 b.) IJ .9- EFTA01320869 Cry= mama( as WROMY OWSED SUIMORRY OFFKE SERVICING YOUR ACCOUNT BEAR Beet. Stearns & Co. Inc. 383 Madison Avenue Or. U. Seats SeCulan CA. Maretch Otte NOM teelart Mai Tat 112014149 STEARNS New York New Yak 10179 (212) 272-2000 Ina Haim FINANCIAL TRUST CO INC 0 or 12 'TATMAN, PEP300 March 1.2033 ThROVON March 28.2003 Transaction Detail (continued) Wear Pe NUMBER TAXPAYER Nast* INTEREST LAST 'ATEYO." Fetus" 28. 2003 OEscesmcar sneCrueufs WAPITI ItUt a? MOW CaM47 MOM 03/03/03 AVG CAL 136.265R1 0.633 64.72 0 03/17/03 021 COTICE MEREST 0203 FEDERAL HOME WAN MG CORP p7AWS YT 31392e6U0 1.0000 49,492/2 0 03/17/03 NT 83-,J43 FEDERAL HOME LOAN AR0 65O 31392T6E2 5.7200 232.38832 SL y 2p -n 03/17/03 vA NT 83??803 FEDERAL HOME LOAN MUG CORP 313927/32 6.7200 237.017.33 C Wit rn 03/17/03 FEDERAL HOME LOAN MI5 CORP 313937%3 6.1200 272.811.87 iirai t gCniNg03 03/17/03 FEDERAL HOME LOAN MTG CORP 31393F086 5.7200 109.299.12 7a3 RE r 03/25A3 FANNIE MAE CMO/SERIES 200242 lalia/INT 83- 103 31392FS73 6.7130 134.082.87 03/25/03 FEDERAL NATIONAL MTG ASS 313921PRI 10.0000 61.645.63 NsIL`16. TOTAL 57.098.802.98 £8905£00- O19- ANGS 027 IditiC1:10S4 IJ V.) IN —J EFTA01320870 CLZAJWO ligROIA)/4 119 'Mart OWNED WAISOI0t1 OFFICE SERVICING YOUR ACCOUNT Bee.. Wears Sea4 S On. Boar. Steams & Co. Inc. BEAR 383 Madison Avenue New York, New 70(k 10179 DN — Cris NOW. Sway% Nee Vat 11701.MO STEARNS (214 272-2000 0121272.1060 FINANCIAL TRUST CO INC 9 a•7 STATEvert PERIOD MMth 1.2003 NAOuCial Myth 78.2003 Transaction Detail (continued) ACCOUNT RIMER TAY/WM NINON On File REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS UST STATEVEW Febuary 28. 2003 with Bear,Steams& Coinc. SETII/VENT MIX DAIL DOE 14444422/711 CtSCRVIION Sw4(13(.0.1514 8 2.9s24 -23.1;711.401 DWI AVOW CRICV IMOUN1 03/07403 JOURNAL 1S25DERAI. HOMEWAN MI6 CORP 31393F686 SERIE 28 CLASS 5.660 CUE ozn 5132 FITM F0663184 Al RP OPEN RP0663184A RP OPEN RP0663184A 03/17933 JOURNAL SERFEDERAL NatEsliOAN MIC CORP 31393F688 22.133.676 IES 2536 C 5.72000E 02/15/32 -n FITM F0663184 A2 RP TERM RP06631841 RP TERM RP066311344. C 03/18/03 "NAL Fat ?g773233011 8889163s 1.150.000.00 in 8.625 DUE 12/31/49 2074420692 z 03/19/03 JOURNAL STRF MG ASSN IRRVERVIM ACE r IL 0.001 DUE 03/01/32 /TIM F0783186 Al 3136FAUTI 4.042.946 3.032.000.00 RP OPEN RP0783186A RP OPEN RP0783186A 03/20103 11N1RNAL Frraf 8888888 758,000.00 773233013 r JOURNAL 8.625 DUE 12/31/49 2074420692 03/20103 8888888 1.150.000.00 rima R3233012 8,625 DUE 12131/49 2074420692 03/20103 INTEREST AQP_ 8888888 57.50 DUE 16/4 9 8.0 5 FITM-PR F0773213012 P8905£00- O19-ANGS 2074420692 03/21/03 JOURNAL 8888888 750.000.00 FITS 773233015 8.625 CUE 12131/49 2074420692 021 ovneetwei 00I V642 177 8 b.) IJ EFTA01320871 CLEO= 3141090. ni VOCLIX OWNt.0 Suiscrure OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. few Sun Soaves ea. BEAR 383 Madison Avenue Caw 1441/014th Cinr Mn t.ce1' Sao York 112014/139 STERNS New York. New YOUR 10179 (212) 272.2000 (2121 272.1000 FINANCIAL TRUST CO INC 10 a '2 STATINENT Pomo Mwth 1.2003 THROUGH Myth 28.2003 Transaction Detail (continued) At .WT MA HER 7.100,AVIR WYSS REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) LAST STAMIDIT Fonmry 28.2003 SIT110400 Met WA MR MAUCH:IV DISCRIX4/ SYOOLCL00. COMM OM MOST MIXT 44731241 03/21833 JOURNAL 8888888 758.000.00 Frlidif ig773233014 0 8.625 DUE 12/31/49 2074420692 0 03/21003 INTEREST ADP DUE 1 /31 049 8.625 FMA-PR F0773233014 8888888 19.56 2074420892 03/28/03 JOURNAL idEcO C1ASH LOAN MG CORP 31392R6U0 24.230,987 m SE 2471 1.000 DUE 03/15/32 S YT FIRALRGN F2893255 M C rep TERM RP289325.5A RP TERM RP2893255A in 03/28/03 JOURNAL stRaDER 247AL 1 MEWAN MTG CORP 1.000 DUE 03/15/32 31392R8U0 -12.116,483 FTDA4RGN F0673200 Al RP OPEN RP0673200A RP OPEN RP06732COA TOTAL 5.2.658,000.00 54.940.077.08 r MISCELLANEOUS oar mow 11UMACTI111 oescernaa OMIT MOM CALM NAOMI 03/12)03 JOURNAL FEB 03 SPEC CLEARItiG FEES 400.00 03/14/03 JOURNAL FITM TO MG 112.068.00 03/17103 JOURNAL FIlM TO MG 20,813.00 58905£00- O19-ANGS 03/18/03 JOURNAL FEDERAL HOME LOAN MTG CORP 21.211.17 SERIES 2471 CUSS Yr 1.000 DUE 0115/32 PM 1RNFR 027 03/21103210.54 001 vM1 In I8 IJ IJ W --.1 --3 EFTA01320872 GLUM ThROU/314 /TS %/Cur Ova/ED 5/111/00.11Y OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Int. Inc Sits Somata Cab BEAR 383 Madison Avenue New Yak. New York 10179 On/ Wrotech Cub MY/ 0/0:0r. taw Yok 11201.1•30 STEARNS (212) 272-2000 1212) 272.1000 FINANCIAL TRUST CO INC 11 o1] STATEursT repo° Mirth 1.2003 ThiliOucet /A0/(A 28. 2003 Transaction Detail (continued) ACCOUNT ,.,willE4 T.071/AvER Nut/I3E/R MISCELLANEOUS (continued) LIST srAinaNT February 26.2003 OAT( /Par TIMSACIION otscernow we Wald CRIOrt .../.001/1 03,18/03 JOURNAL FEDERAL HOME LOAN MTG CORP 2 .21 . SERIES 2471 MASS VT 1.000 DUE 03/15/32 RECLASS PSI 0 03/19103 JOURNAL FEDERAL HOME LOAN LOG CORP SERIES 2471 MASS Yr 1.000 OLY 03/10/32 21.211.17 PRI 1RYFR -n 03/2003 TOTAL JOURNAL FITG 5.154.490.17 162.867 00 5205.279.34 C in z Trades Executed Pending Settlement SIT/IDIEW TR/OE OAn DATE 1111MSACTIN OlitRIP110N Vasucum. 0/AWIT17 14ers NW St CMCCIT MOM 04/14/03 01/27/03 BOUGHT FNMA-30YR(FNMA)G1D 5/096251 10.000.000.00 100.6093 10.060.937.50 SET7.0003 r DOE 040112013 05.500% 0987797115332 REF • 2003012746430300 EIS 04/14/03 02/04103 BOUGHT FNMA-30YR(FIMIA)GTD 5/096251 10.000.000.00 100.9375 10.093.750.00 StTf.04103 DUE 04/0113033 05.500% 0987280211332 REF • 2003020446390030 85 98905£00- 019- ANOS 04/14/03 03/24/03 SOW FNMA-30YR(FNIAM 5t196251 -20.020,000.00 101.3515 20.270.312.50 SETT.04.003 DUE 0001/2033 05.500% 0987280211332 REF * 2003032446850000 EIS 027 03/211107:1004 /701 IT/ 8 b.) IJ 00 00 EFTA01320873 CJAPREO ITROuGH rIS NT= CaTED Sussopay OFFICE SERVICING WOK ACCOUNT Bea. Sum Rastas Cap Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New Yak. New Yak 10179 Ore hgareura Craw Wan liroder. Nes TT 11201.1(59 SIMMS (212) 272-2000 RIZ) 272.1000 FINANCIAL TRUST CO INC 12 cr 2 RAMBO HEROD Mardi 1.2003 TROUGH March 28.2003 HOPCOR PCONSER Trades Executed Pending Settlement (continued) TATIMER RARER LAST STATOR/a Feta*" 28.2003 SEMEWEKI PUDE OUT OPT( leANSICICH OfSCRIHTGN SITIORACUSP CUMMIY MC( a9n NJOUICI MECO MONT 05f14/03 03/24/03 BOUGHT FNMA-30YRIFNLIA1GTO 5N96686 20.000.000.00 1009375 20,187,500.00 SCIT.0903 DUE 0501/2033 08.500% 0 TOTAL 0987280211332 REF r 2003032446880000 85 540.342.187.50 520.270.31240 Z T Th. alos olds. Of sat moss n as an. umIss N 1, 4 yainn• E I 5 m STOP End of Statement r MOSEOCIA19- ANGS 027 03120)110P4 001 Vta2 EFTA01320874 CUOMO THROWN In wsCRAT OWL® SUISSOLAItv OFFICE SERVICING Waal ACCOUNT Beer. Steams & Co. Inc. Sew. Stews Season Coe BEAR 383 Madoson Avenue New Nth. New York 10179 Ow mimeo Cray NMI &AA" Me Tort II2014,59 STEARNS (212) 272.2000 ((2121272.1000 FINANCIAL TRUST CO INC ACCOUNT OrECUINE GMM GOVT BOND sumer(' PEISCO ittniary 1.2003 VCR OUR 434855E wormboarsteams.corn Titans Fottuay 28.2003 ACCOUNT RAWER What's In This Statement II r Ilrrrlk.I.li 1.1 TAXPAYER want FINANCIAL TRUST CO INC LAST STAT.:VENT January 31. 2033 Financial Summery 3 Cf0 JEFFREY EPSTEIN You Portfolio Holdings 4 6100 RED HOOK QUARTER Transaction Detail 6 STE B3 Trades Not Yet Settled 11 ST THOMAS VI 03802 -n C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL VALUE Of 5/CURRIES TICS PERCO 23.198.123 Cash & Le /Sent 5355.776 5617 LONG ACCRUED INTEREST 307.301 fcted NET CREDR BALANCE 385.776 Koine 522. $23. 463. 19:301 111 El Martini meet utd.Je NET EQUITY TNI6 PES1OD $23,891.200 En Last statemenrs market value r NET EQUITY LAST STATEMENT 22.986.053 CHANGE SINCE LIST STATEMENT 905.147 There are no 'Stop Loss* orders or Other pending b or sell open orders on file for your account. 88905£00- O19- ANGS Tit Tetra, b aty. II is ra Yarded as am doeuxerc stilatte add be reLiali brut Men% Sol Ado Ia- swan af:nnince 027 0101103.1110 001 8 b.) IJ 00 00 EFTA01320875 Cando r1.cwM ITS OwsiD INOW‘011 is fuses Station Cc. Ore iterouch Ceti /WM bade" Wm Tat 11201.3169 12121 232.1000 FINANCIAL TRUST CO INC 2 ce it 0 z ii STATEMENT BACKER IS PRINTED ON THIS PAGE C in z r 6890SEOCIA19- ANGS 031 0141/03:13:10 OM VS41 rn 8 I..) IJ IN so EFTA01320876 CalARSD leeteeel lit enemy °weal Ste!CARY OFFICE SERWING YOuR ACCOUNT Bear. Steams & Co. Inc. Sew Slew. Sextets Oss. BEAR 383 Madison Avenue Now York. Now York 10179 Ore keeelech Caw Ian &wife,. tee vet 11201.3659 illia272.1eon STEARNS 1212) 272-2000 FINANCiAl. TRUST CO INC STATINEerf PESOS reteuary 1.2033 THIROutei Fetnan 28. 2CO3 ACCOura mance Cash Flow Analysis Income Summary T•33,AYIR Nuttere U45 PON* nEmbx, CAA 10001 LAST STATrue.47 Tanury 31. 2003 Opening Balance $516.74 Gent. Agency Ira. 929.766.24 1.884.743.89 Cap. Bond Int. 135.888.88 135,888.88 Securities Sold 35,413,423.41 Credit Balance Int. 127.80 127.80 DMdendsAnterest 1.065.782.92 Rovers* Repurchase M. 2,187.59 1514.24 Miscellaneous 169.239.08 0 Amount Credited 236.648.445.41 Total Bond Purchase Int. 21,067,970.51 -8,333.33 $2,024,274.81 -30.981.48 -n Secuities Bourpt 0Mdendsarcerew Charged 46.253.953.00 -8.333.33 Miscellanean -900.00 Portfolio Composition C rn Amount Debited Net Cash ActMty 2-36.263,186.33 385259.08 Cash'Cash Equivalent Feed Income 385.776 23.198.123 Total 223.583.899 Your Portfolio Closinflalance $385,775.82 Allocation r Cash Balance Summary CaSh a Equrrelent 1% WINK CLOSNG maren 51574 385,775.82 Net CaShBalanCe $516.74 $385,775.82 0690SEOCIN9- ANGS 11 1 1 L fcred recent 99% 3<do-a Carole Ce3, Warts rob. C341 'twain N..a TM wears, ponytaila &as, •vn w. Walt NSN vat.... <4 you, pontle 1:Q7 OW 03.13 10 001 Ufa, to I8 b.) b.) 00 IJ EFTA01320877 CLEMED THeOuan WHOLLY OHM° SLONOWTY OFFICE SERVED/6 YOUR ACCOUNT Bear, Stearns & Co. Inc. Om. Sion Maims Cap. BEAR 383 Keiser, /MOM D. IMMO, Oorm NOUN Eno.M. New Om 11201.3$ STEARNS New York. New York 10179 (212) 272-2000 1216 2721000 FINANCIAL TRUST CO INC 4m1! STAMM., 0.0ra> Tetniery 1.2003 TMOVOH Fettuery 28.2003 Your Portfolio Holdings ACCOUM PARMA CASH & CASH EQUIVALENTS TAXPMEA Witelt On Fie LAST STATMENT !emery 31. 2003 ;AMOR Esra.mo GLOOM DISCRPTON STWOUCUSO COOTIM MCE YNYE MoUAL loCONE TOM 00 CASH BALANCE 385.776 TOTAL CASH &CASH EQUIVALENTS 5385.776 0 FIXED INCOME -n Government & Agency Obligations hal AOMUED WOWED CUOMO DESOWTO1 SmOCUCUSP ME C FEDERAL HOME LOAN MEG CORP 313931AF3 MRGN or 54.022.147 MCC WARCE1 MUE MEREST Mat RICCI& MOM in 9.3962 5.076.007 118218 3271742 64.4944 SERIES 2530 CLASS SE DATED DATE 10/11/02 BOOK ENTRY ONLY DUE 02/15/2032 6.060% FACTOR . .90036920 FEDERAL HOME LOAN MTG CORP 31393FG86 MRGN 28172.960 8.5799 1.988.216 47.364 1.311.590 65.9682 SERIES 2526 CUSS Si DATED DATE 10/01/02 BOOK ENTRY ONLY r DUE 02e15/2032 5.660% FACTO* . .90036920 FEDERAL HOME LOAN MEG CORP 31392R9U0 MRGN 59,391.262 2.8431 1.688.559 21.448 593.913 35.1728 SERFS 2471 CLASS VT DATED DATE 06/07/02 BOOR ENTRY ONLY DUE 03/15/2032 1.000% FACTOR - .84844660 FEDERAL HOME LOAN MTGCORP T690SEOCIN9- ANGS 313927652 MRGN 49.269.652 6.5352 4.205.264 103.700 2.788.882 66.3136 SERIES 2483 CL SL DATED DATE 07/02/02 BMW ENTRY ONLY DUE 0115/2032 5.660% FACTOR . .85411650 061 03411/03:13:10 En I8 b.) IJ 00 EFTA01320878 CLEARED THROUGH ITS Y.YOLLY OM AR° SUSVOUJer arc( SERVICING YOUR ACCOUNT Bear. Stearns & Co Inc. Bea Sawa Saunas Ca. BOAR 383 Medson Avenue New York. New York 10179 One Ileetath Cana Noe, IreaRn. Tara Tort 112014859 STURNS (212) 272-2000 2121113.1000 FINANCIAL TRUST CO INC 5 ssAssaasa DECD Setruary 1.2003 THROMN Fetruery 292003 Your Portfolio Holdings (continued) ACCOUNT MISER TAXPAYER maael On Fie LAST STATIMOTT January 31. 2003 Government & Agency Obligations (CCettillU0d) Pen ACCRIXO triuATID ClaIRENT DESCRIPTION SHASOL/0.610 rot MAIM PRICE MARKET YALU( Me J& WOVE MILD FEDERAL NATIONAL MG ASS 3139LIPR4 MRGN 7,397,500 98.5347 7.289.104 6.164 739.750 10.1487 SERIES 2003-16 CLASS IS INTEREST FROM DATE 02/75/03 DATED DATE 01/76.03 0 FMST COUPON 03,292003 SOCK ENTRY ONLY OuE 02/25/2033 TOSCO% FACTOR .1,00000000 m Total Dovornmont& Agency Obligations 520.247,150 5293,894 58 707.657 ci Corporate Bonds m MURMUR SaABOLCuSto aCt1 TPF °warm, mmat VALUE ACCILED liatRES1 ISTWAND AMMAR ITTCCAR CAVACO TTi TO Ina FANNIE MAE CMOGERIES 2002-82 31392F573 MRGN 23.965.658 12.3133 2.950.973 13,407 1.608,815 54.5181 5140 FUR H DATED DATE 10/02/02 BOOR ENTRY ONLY DUE 10/25/2031 6.713% FACTOR - .95662633 Total Corporate8onds 52.950.973 $13.407 SI 608 815 r TOTAL FIXEDINCOME 523.198,123 $307,301 $10,316,472 YOUR TOTAL ACCRUEDINTEREST 5307.301 YOUR TOTAL ESTIMATED ANNUAL INCOME 510316.472 Z6905£00-O1D-ANGS YOUR DRICEDPORTFOU0wOLDINGS 523 583 899 0101003:1110 Cfa veal EFTA01320879 =IAD THROHGH EIS vmOLLY OWNED SuSSOWBY OFFICE SERVICING YOUR ACCOUNT Beet. Stearns & Co. Inc. !kw Sinn Seca" Can BEAR 383 A1ackson Avenue New York. New York 10179 On Wawa Geier Nan Ereolnn, N w An 20 3839 STEARNS (212) 272-2000 018 2/2.1000 FINANCIAL TRUST CO INC 6 ell STAMMER MEDD ENTUary 1.2003 85nr.8 rettuair 28.2803 Repurchase and Reverse Repurchase Transactions ACODINT HUMBER TAXPAYER M.I.ARR On Ede with Bear, Steamsa nd CO.I nc. outstanding as of date of statement LAST STATEMENT Ina) 31.2003 PURCHISU REPURCHASE ma% PURCHASE MCl/ ACCRUED MAO COMMIT MARI CATE DAR PATE PRINCIPAL POIREST. (FACE AIRYJNO CUSP CESCRIPI1ON YOU SOLD FEDERAL HOME LOAN MTG CORP (REPO) 02/28/03 05/07/03 1.580 -3,680.000 -484 -50.000.000 313927/32 SERIES 2488 CLASS 50 6.660003115/32 TOTAL REVERSE REPURCHASE TRANSACTIONS 0 TOTAL REPURCHASE TRANSACTIONS e0 Yawner/ Ore SO 5-3.680.000 SO 5-484 -n C Transaction Detail in INVESTMENT ACTIVITY SETTIDAUR TRADE 011E OAR 11LVESACTKM DESCRIPTOR SINDOL/COMP COMMTI ACE COW *NOWT ClIdDlf MOST 02/13/03 01/08/03 BOUGHT FNMA-30YRIFNMAIGTD 51495744 10.000,000 101.43750 10,143,750.00 SETT.02/03 DUE 02001/2033 05.50D% r 0987797115332 REF IF 2003010854140000 8S 02/13/03 02/04103 CANCEL SELL FNMA-30YR(FNMMGM 5/095744 10,000,000 101.76953 10,776,953.00 SETT.02,03 DUE 02101/2033 05,500% 0987280211332 REF Y 2003020446440:00 BS AS OF 02/04/03 TO On. PREVIOUS SELL £6905£00- IN9- ANGS CCEI OVOIMISID10 001 I8 IJ IJ so 00 EFTA01320880 OFFICE SERVICING YOUR ACCOUNT .,w,..owe° GUAM THROUGH ITS suaspvx. Boar. Steams 6 Co. Irc. Drs. Slav% Swages Cap. BEAR 383 Meier) Aenuo New Yea. New Yak 10179 5e ihraUch Owen Merin innellne Pen eat 11831.3859 STEARNS (212) 272-2000 22123 2701000 FINANCIAL TRUST CO INC o SUMS Pa= 202t1.11 1.2003 THROUOM February 28.2003 Transaction Detail (continued) AeCCVNe Nvb/SER TAXPAYER IILMSER en File INVESTMENT ACTIVITY (cominued) UST STATIUDIT Arum 31.2003 SETIMENT MADE OAK Dell TRMISACTne DESCWPTCN Sitak4.080 OuNwo Kea Dr., MOM anon igICOP0 02!13103 01/08103 CANCEL BuY FNIVA.30YR(FNMA) GED 51195744 -10.000000 101.43750 0,143. 50.00 SETT.02/03 DUE 02/01/2033 05.500% 0987797115332 0 REFS 2003010854140000 BS AS OF 01/08,03 10 CXL PREVOUS BUY 02/13/03 02/04/03 SOLD FNMA-30YR(FNMA)GTD 5/65744 40.000000 101.76953 10,176,953.00 -n SER.02/03 DUE 02/01,2033 05.500% 0987280211332 REF • 2003020446440000 85 C 02/18/03 PRINOPAL FEDERAL HOME WAN MTG CORP 31392M:410 -1.931,000 in SERIES 2471 CLASS YT 1.000 DUE 03/15/32 PRNCVAL REDUCIN 02-15-03 02/18/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 3139296110 398 SERIES 2471 CLASS YT 1.000 DUE 03/15/32 PR1NCPAL REDUCTH 02.15-03 02/18/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392T6E2 4.602000 SERIES 2483 CL St. 5.660 DUE 03/15/32 r 02/18/03 PRINCIPAL PRINCPAL REDUCTN 02.15-03 FEDERAL HOME LOAN MTG CORP 31392T6E2 -245 SERFS 2483 CL SL 5.660 DUE 03/15/32 PRINCIPAL REDUCER 02-15-03 02/18.03 PRINCIPAL FEDERAL HOME LOAN MEG ooRP 313927/32 4388,000 SERIFS 2488 CLASS SO 6.660 DUE 03/15132 V6905£00- O19- ANGS PRINCIPAL RENOIR 02-15-03 02/1843 PRINCIPAL FEDERAL HOME LOAN MTG CORP 313927/32 -790 SERFS 2488 CLASS SO 8.680 CUE 03711132 PRINCIPAL REOUCTN 02-1S-03 027 0110i/03:18-10 COI Wel IT, 4 8 IJ IJ 00 00 EFTA01320881 CLENtan ilea-r-34 v...0LLY ant SuSSOWW OFFCE SERVICING ICOR ACCOLITH Sew, Steam & Co. Inc. Sac Sian Saute Cap. BEAR 383 Madsen Avenue New Yak, New Yak 10179 One IMesant owes Naem 0100.3 New Tat 11201.11110 STEARNS (212) 272-2000 012)212.1003 FINANCIAL TRUST CO INC 8 all STATP400 PERO° FettUary 1.2003 TM.1O.13fl Fottualy 28. 2003 Transaction Detail (Continued) ACCOUNT WAWA TAxPAYO1 KAMA INVESTMENT ACTIVITY (03minued) LAST STA1TIAOfr January 31. 2003 untimen num out art MOKS.CTO1 CESCSIIMON 511430LCUSP 103ANUrf PIR CEBU MOM! CI000 P./.03010 02/18103 PRINCIPAL FEDERAL NOME LOAN MTG CORP 31393FAF3 -1,991,0Co 0 SERFS 2530 CUSS SE 8.030 DUE 02/15/32 PRINCPAL REDUCIN 02-15-03 0 02/18/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERFS 2530 CUSS SE 6.030 DUE02,15/33 31393FAF3 -819 PRINC/PAL KOLLIN 02.15-03 m 02/18/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2526 CUSS SI 31393FG86 .854,394 5.680 DUE 02/15/32 C PRINCPN. REDUCTN 02-1543 in 02/25/03 PRINCIPAL FANNE MAE Cm0/SERig 2002.82 S1640 FLTR 6.697 DUE 10/25/31 PRINCPAL REDUCTI1 02-25-03 31392F573 -381,733 oravo3 enioazoi &sally FEDERAL NATIONAL MTG ASS eSINFS 2003-16 CLASS JS 31392SR4 10.000.000 66.312f0 8,631,250.00 ACCR. M. 8,333.33 WE 02/25/2033 10.030% 0987027414332 REF il, 2003020348050000 83 AS OF 02/03/03 r 02/28/03 02/27/03 SOW FEDERAL NATIONAL MTG ASS SERIES 2003.16 CUSS 15 co( 02/25/2033 10.00004 31392PR4 -1.177,500 98.31250 ACCR. M. 1,134,079.69 881.25 0987003019332 REF * 2003022746330000 BS 02/28/03 02/27/03 SOLD FEDERAL NATIONAL /ITC ASS 31392JPR4 -1,425.000 96.31250 1.372.453.13 SERIES 2003-16 CUSS 15 ACCR. M. 1,187.50 DUE 02/25/2033 10.000% 56905£00- O19- ANGS 0987016110332 REF 0 2003022748320000 BS TOTAL 5.29,960.286.33 522,829,404.57 027 01101403:1110 C01 v141 I8 IJ V.) 00 00 --3 EFTA01320882 CLEARED 119'000.1 rra wHOLLY OATAD SuelettAnv OFFICE SFIevrANG YOUR ACCOUNT Boar. Soon Swain Carp. Bear. Stearns & Co. Inc. BEAR 383 MaGaon Avenue Ole hkatokh Wm Noe Areal" low van 1120/4869 STEARNS New York. New York 10179 (212) 272-2000 (2121272-100D FINANCIAL TRUST CO INC STATEMENT PFA00 rebury 1.2003 TROIS FOtruary 78.2003 Transaction Detail (continued) ACCOURT PAPAW Lunn WISER On Fie INTEREST use snanerwr January 31. 2003 out ces444-05 SVPASDIJOUSIP MURRY an OR a, MOM MOE ANEW 02)0303 AVG 8.41. 257.7070 0.558 127.80 021 OFFICE INTEREST 0103 02/18/03 FEDERAL HOME LOAN MTG CORP 31392R6U0 1.0000 51.102.22 0 ilISAS Yr WENTSan -)03 02/18/03 FEDERAL HOME LOAN MTG CORP 3139276E2 5.6600 238.673.98 -n INEDM NT 01-15453 02/18/03 FEDERAL HOME LOAN M7G CORP 31392T332 6.6600 243,622.75 C rn 02/18)03 FEDERAL HOME LOAN MTG CORP ifaMiliCkg03 313930(3 6.0300 281.470.21 02/18/03 FEDERAL HOME LOAN MTG CORP 31393FG86 5.6600 112.728.33 %IC 0i ll 6T.0 .1_3 02/25/03 FANNIE MAE CMCPSERIES 2002-82 31392F573 6.6970 135.888.88 r TOTAL R10%16 M9103 31.063.614.17 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Steama Co. Inc. 9690SEOCIA19- ANGS SETIOAD0 18.10E DATE OAT( TRANSAC113.1 DESCAPTICti wetter DM AMU GAM AWAINI 02/20/03 JOURNAL ADP OD 8888888 2.602003.00 rrna-PR F2393157014 8.625 DUE 12/31/49 2074420692 027 030103:1110 CO VS41 r 71 IJ IJ so 00 00 EFTA01320883 CLEARED '01000Ck. 03 NYQLY 01040 SUBSiCtAire OFFICE SERVICING YOUR ACCOUNT Sc. Stan Soaran 000. BEAR Bear. Steams 6 Co. kle. 383 Madison Avenue 01t PheinteCn en Math 4103tbil. Yt. Yet 11201.3859 STEARNS New York. Now York 10179 (21 2) 272.2000 (212)2, 24cm FINANCIAL TRUST CO INC 10 m^ STATCUDIT amp? February 1.2003 11.01C0GH Fed -57 28.2003 Transaction Detail (continued) ACCOu00 MANIM TAAAVVI WISP On Fie REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (conunued) LAST trtaTeueit January 31. 2003 lintOADO MUM Oat Dart raurarraCer omen* S0.000CLS, Warm? Cain /MOM CREDIT MOW 02/20t3 JOURNAL mar W393157016 8.625 DUE 12/31/49 8888888 2.602.000.00 2074420692 0 02/2003 JOURNAL FIT)A9t 95)39315701W 8.625 WE 1241149 8888888 2.602.000.00 2074420692 -n 02/20103 JOURNAL FiTM- Ag s $ 12)39315701e 8.625 DUE 12)31/49 2074420602 8888888 3.700.000.00 02/20/03 INTEREST ADP D 8888888 1,418.81 CUE 12/3 /2049 8.625 m RIM-PR F239315701W 2074420692 02/28(03 fl 'AL SERWI rgi aremmC". 6.660 DUE 03/15/32 313927/32 -4Z705.82.6 3.680.000.00 FRY F0593333 Al RP OPEN RP0593333A RP OPEN RP0593333A 02/28/03 JOURNAL 6888888 3.700.000.00 r MX 93157014 8.625 DUE 12/31/49 2074420692 02/28/03 INTEREST 8888868 788.78 DUEle3V2049 8,625 FITM-PR F2393157018 2074420692 TOTAL 5.6.302.000.00 512886.187.59 L6905£00- O19- ANGS 02? C*0103:13 10 0)1 %41 m I 8 1,4 1, 3 lN 00 EFTA01320884 0./.01C0 13130M 1 rrs IN140.LY 00/410 3V0SICURY OFFICE SERVCAIG YOUR ACCOUNT —. Anne Sean*. Coy. Sew, Steams & Co. Inc. BEAR 383 Iteseason Avenue New York. New York 10179 Oro Mumma Unfit Nan Bro3thn. IA 11:4 112014319 12123 2701000 STEARNS 1212) 272-2000 FINANCIAL TRUST CO INC 11 •I ITATOMENT PEA300 litruery 1.2003 THRC433H Fetruvry 28.2003 Transaction Detail (continued) M201.110 Matiat Ton" N.AW MISCELLANEOUS UST stamen lanUary 31. 2003 DAN 10000 tRAPISACOON CCSCRIK04 caw MAWR Of DU AVOW 02/13/03 JOURNAL JAN 03 tt EAR1NG FEES 900.00 02/13/03 JOURNAL FNMA-30YRIFNIAA)GTE) 33,203.13 SETT.02/03 5.503 WE 02/0103 143S NET 02/13103 02/19103 JOURNAL FEDERAL HOME LOAN MEG CORP 21,900.95 SERIES 2471 CLASS YT -n 1.000 DIE 03/15/32 PM TRANSFER 02/21103 JOURNAL FITG TO FITM 114,135.00 C TOTAL 5.900.00 5169.239.08 in z Trades Executed Pending Settlement SE11113100 IMO( 0.411 DAM TRANSACIIC1a DESC0111:111 SvaraltuCuS• 013.0010 MCE 0E011/14100 1311010 MONT FIOAA-30YR(FNMA) GTO r 04/14/03 01127103 BOUGHT SETT.0003 CUE 04/131/2033 05.500% 51496251 10,000,000.00 100.6093 10,060,937.50 0967797115332 REF • 2003012746430030 EIS 04114103 02/04/03 BOUGHT FNIAA-30YR(FNMA)GTO SN(16251 10.000.000.00 100.9375 10.093.750.00 SETI.04/03 DUE 04101/2033 05.500% 8690SEOCIN9- ANGS 0987280211332 REF a 2003020448390000 OS TOTAL 520.154,6137 , 50.00 The Om inks *rot motor nay ay. Haan «n 01110.11el. 027 030003:11•10 001 8 b.) IJ 8 EFTA01320885 CLEM= roacwat WHOLLY 0Mti2 SuBSIDARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams & Co. Inc. Beir.SImmi Semites Ca,. BEAR 3B3 Mason Menu. Ore lhotellich en Now Bievlopt Now Vat 11201.3$1.9 STEARNS New Yak. New York 10179 (212) 272-2000 1212) 2/24030 FINANCIAL TRUST CO INC ACCOUNT EXECUINE GNMA GOVT BONO 474nsuar Ftiv240 January 1,2003 NSIT CUR %EMIT( wAvtbetosteams.corn 11PIOJOH January 31, 2003 ACCILINT WNW What's In This Statement IIIrIIIrIIII.IIII III T AY WADER On Ile UST STATDMIT Decent& 31.2002 Financial Summary 3 FINANCIAL TRUST CO INC You' Portfolio Holdings 4 GO JEFFREY EPSTEIN Transaction Detail 6100 RED HOOK QUARTER 6 STE 83 Trades Not Yet Settled 11 ST THOMAS VI 00802 0 z ii Your Portfolio at a Glance Market Value of Your Portfolio m TOTAL VALUE CV SECURMES MIS PERMO 22.463.638 Cast. L Eat/Jahn: .1 z LONG ACCRUED MTERESI 521.898 Ned 114.520 522 463.638 NET CREDIT ammo 517 Inctent 113,715,716 EN Current motet yoke NET NUM MS PERIOD 122,986.053 EN Last staternenrs market wipe r NET ECIURY LIST STATEMENT 14,249,549 CHANGE SINCE LAST STATEMENT 8.736,503 There are no -Stop Loss' orders or other pending buy or sell open orders on Ale for your account. _ 66905£00 IND ANGS ma tunrily w nr reeworicaritormars Orty. t M nu ex inn tints loznet. Inv tortoni 1634.14 he Inane M tau. recent Set rime.< tie tr Ircolast oftetvalca 027 02,01,03 IS 12 CO, 'tao I 6ECZZOOV1.43 EFTA01320886 C&E*flO TtOn MS vOiOus OVOOD SUSSIDOse Ow. Suns Cowan Cap. Oro Meal. Coos Nfl WS Nor Yak 1120I.SGS9 ZTOICOO FINANCIAL TRUST CO INC z m STATEMENT BACKER IS PRINTED ON THIS PAGE ci m z H r OOLOSE00- 019- ANGS OW1/03:11a2 COI CPO 8 IJ 10 IJ EFTA01320887 CLEARED THROWN as VATCELY OmmED SuSSOmaT WEE SaviCNG YOUR ACCOUNT Bear. Stearns .6 Co. Inc. lest. SUNS SENN** en BEAR 383 liaison Avenue New York. New Tot 10179 On limmittli Omar from PEES New Vat 112013/50 STURNS (212) 272-2000 I212) 272.1000 FINANCIAL TRUST CO INC 320•.t raw PE winuely 1.2003 THROWN hammy 31. 2003 AODOUNT NEWS Cash Flow Analysis Income Summary TAY/MM M.W On File MIS PU000 ng OCINGO YEAR TO DATE LAST STATEMENT OCCentar 31.2002 Opening Ba lance 624.520.47 GEM. Agency Int. 954.977.65 954.977.65 Reverse Repurchase Int. 1.326.65 1.326.65 Securities Sold 25.988.373.53 DkiiendsInterest Total 5956 304.30 5958 304.30 954.977.65 Miscellaneous 14.376.739.01 Bond Ptrthaso -22,648.15 -22,648.15 Amount Credited 541.320.090,19 Securities BOLI9N -26.965.207.77 Portfolio Composition m Funds Ynthdrawn 466.738.00 CasCash Lou:milers 517 OrndendsAnterest Charged -22.648.15 C Miscellaneous -14.989.500.00 Fixed hcome 22.463.638 rn Amount Debited 5.41.344.093.92 Total 522.464.155 Not Cash Acthily -24.003.73 Your Portfolio Closing8elance $516.74 Allocation r Cash Balance Summary coons 0.03ING Mug rt 24.520.47 516.74 TOLOSE00- 019- ANGS Net Cash Balance 524.520.47 5516.74 Fled Income— loos U,••••0•J Mire d•rat• era' We°. rot( NO,. nw .11.4 plearraga • Cirvilf Inn PPI aet44 Mite: .Sa a /QV toNalo 027 020101lin 001 V6'0 EFTA01320888 CUOMO THROUGH ITS WHOLLY OvetED SueSOME OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. Mr.Pan Samin Cap. BEAR 383 MadNevi Avenue New Ycck New 02/14 10179 One Marotta — Math Mart Am Yin 11201.3069 STEARNS (212) 272-2000 (2123212.1 FINANCIAL TRUST CO INC 4 a •t STATEI/EAT Pomo Tansy 1, 2003 TAAMM Tansy 31.2003 Your Portfolio Holdings ACCOUTT YUMA CASH 8 CASH EQUIVALENTS TAXPAYER PAMPA CM Flle LAM STATTIMET [Weals 31.2002 IMNEI ESTMOID CUARIMI OESCRPMP 511Ma.C1-31/ OtINMIT MCE YAW( Mita MOLE MD 00 CASH BALANCE 517 TOTAL CASH & CASH EQUIVALENTS 5517 0 FIXED INCOME -n Government & Agency Obligations DESOSIION snrecocuse ACCT MF OUNITIM ACCRUED I311.4010) CURRENT MCa lOARICET YAWL IWITREST AIMILLOLOCOAC Yato(1 C FEDERAL NOME LOAN &ITC CORP 31393013 MRGN 56.013.966 10.0663 5.638,552 150,120 3.377.642 59.9026 in SERIES 2530 CLASS SE DATED DATE 10/11/02 BOOK ENTRY ONLY DUE 021192032 6.030% FACTOR • .93356610 FEDERAL HOME LOAN IATG CORP 313931086 MRGN 24,027.354 9.1396 2.196.011 60,122 1,352,740 61.5999 SERIES 2526 CUSS SI DATED DATE 1001/02 BOOK ENTRY ONLY DUE 02/15/2032 5.630% r FACTOR - .93356610 FEDERAL HOME LOAN MTG CORP 31392R6U0 MRGN 61.322.660 2.7360 1,677,757 27.251 613.227 36.5504 SERIES 2471 CLASS VT DATED DATE 06.07/02 BOOK ENTRY ONLY DUE 03/15/2032 1.000% FACTOR • .87603800 FEDERAL HOME LOAN MTG COPP 313927/32 MRGN 44.094.615 11.6523 5.138016 129.935 2.923,473 58.8989 ZOLOSE00- 019- ANGS SERIES 2488 CLASS SO DATED DATE 07/08/02 BOOK ENTRY ONLY D£ 03/152032 6.830% FACTOR - .88189230 021 0241,03:1$12 CO1 Yaq EFTA01320889 CLEAJtE0 Thre/i.c. rrs rmOu. Oxon Sues/WRY OFFICE SERVICING YOUR ACCOuNT Bear. Sinn Smite Co. Beer. Steams & Co. Inc. BEAR 383 Madison Avenue One Ihnorech Cain Win Buda" Pew Itrt 11201.3SSO STBIRNS Now York. New York 10179 (212) 272-2000 1212) 272.1000 FINANCULL TRUST CO INC 5. ✓11 STAITAert new Jimmy 1.2003 IMSOUON January 31.2003 Your Portfolio Holdings (continued) AOCOuler MAW rywAYEffil MAW LAST STAMifia Mom Clemyter 31.2002 Government 8 Agency Obligations (COrtSTA4) ACC ACCRUED ESISAUE0 CURRENT CtSCRIPI13,4 SIMICVCI.S10 Int (LIXISTV ERCE WR%L1 VALUE 00£SIESI SAM Stasi. YEW et/ FEDERAL HOME LOAN MTG CORP 3139216E2 IARGN 50.871.897 9.1370 4,648.141 127,293 2.884.088 61.6179 SERIES 2483 CL SL DATED DATE 07/D2/02 BOCK ENTRY ONLY 0 DUE 03/152032 5.630% FACTOR - 98189230 Z T Total Government& Agency Obligations 619.298.477 $494.721 611,131.170 E I Corporate Bonds C ACCT AIMED COMM OW in DESCItelION FANARE MAE CMOGERIES 200242 5K-SO FUR SIIMOL/CUSIP 31392F573 NOE MRGN OlVilere 24.347,391 PRICE 13.0000 WARM Vat 3,165,161 WOW 27,177 MOM INC0M 1.630.545 VOA (%I 51.5154 DATED DATE 1092/02 BOOK ENTRY ONLY DUE 10!252031 6.697% FACTOR - .97389566 Total Cceporate0onds $3,165,161 627.177 61.630.545 r TOTAL FIXED INCOME 622.463.638 5521,898 612.761.715 YOUR TOTAL ACCRUED INTEREST $521,898 YOUR TOTAL ESTIMATED ANNUAL INCOME $12.761.715 EOLOSE00-019-ANGS YOUR PRiCEOPORTFOLIOHOLOINGS 522.464.155 02/ 02.01103:161 I8 IJ IJ EFTA01320890 CLEA10 04.24.0.1 Mat 06041) SUSSENARY OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 5 Co. Inc. Bow. Stuns Sworn Cap. BEAR 383 Madison Arenue New Yea. New York 10179 Metersch Cwt. Nall, STCONOrk Wm TVA 11201.3855 STEARNS (212) 272-2000 12121272.1C00 FINANCIAL TRUST CO INC v./ STATEMENT PECK° lamely 1, 2003 TTIROUOM Janary 31.2003 Transaction Detail ACCOLNT MAMA TATWAYER NUMBER t i t INVESTMENT ACTIVITY vet STATEMENT December 31.2002 SITTUTRINT TRAM OAR OAR IPANSACO011 CESCEPTIN SVPASOLO.WP Gummy Ma OEM MOUNT CREDIT AWAIT 0114103 12/04/02 BOUGHT FNMA.30yR(EN/AA) GTO 5N95387 10.000.000 100.09375 10.009.375.00 SE17.01/03 DUE 01/002033 05.500% 0987135514332 REF • 2002120445060003 BS 01114/03 01/08103 CANCEL SEU FN .30YR(FMAA)6TO 51195367 10.000.000 101.88672 10.188.671.88 SETT.01/03 DUE 01/01/2033 05.500% -n 0987797115332 REF • 2003010854180000 BS AS OF 01/06103 TO CXL PREVIOUS SELL C 01114k3 12/0482 &NUL BUY FNMA-30YRENME3GTD 5N95367 -10.000.000 100.09375 10.009.375.00 rn SETT.01/03 CUE 01/01/2033 05.500% 0987135514332 REF e 2002120146060000 B$ AS OF 12/04/02 TO CAL PREVIOUS BUY 01/14/03 01108/03 SOLO FNMA-30YRIFNMATGID 5N95367 -10.003.020 101.88672 10,1 .671.88 SETT.01/03 DUE 01/01/2033 05.600% 0987797115332 r 01/16/03 PRINCIPAL REF • 2003010654180000 B$ FEDERAL HOME LOAN MTG CORP SERFS 2471 CUSS NT 31392R6U0 -2.344.000 LOCO DUE 03/15132 PRINCIPAL REDUCIN 01.15-03 01/16/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392R6U0 -468 SIRES 2411 CLASS YT 1.000 CUE 03/16/32 PRINCIPAL REDEEM 01.16-03 VOLOSEOCIN9- ANGS 01/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 313927242 -1,944.000 SERES 2483 U. SL 5.500 DUE 03/15/32 PRINCIPAL RECUCTN 01-15-03 027 tin/OBTS:ie COI 244o EFTA01320891 CLEARED 1101OuGm ITS whOLLY OWNED SULLOWIY OFFICE SERVICING YOUR ACCOUNT Bear. Steams .5 Co. Inc. lbw. Slums Swots Cup. BEAR 383 Madison Avenue MeintecA CrEtt 804000 Am Yon 112010859 STEARNS New Yak. New York 10179 (212) 272-2000 012)2724CW FINANCIAL TRUST CO INC 7 0n StAnlin011 Pm= tan.oni 1.2003 170100014 Array 31. 2003 Transaction Detail (continued) ACCOUNT 14.114001 TAVAYER MANNA On Fit INVESTMENT ACTIVITY (ccetruedi EAST STATIIAENT December 31. 2002 amnion MOE DATE DATE MAIISA0411 CASCAPTC41 P1401./0012 Oaantry ME DM MOWN, CR021 AMOUR 011 5/03 PREICIPAL FEDERAL NOME LOAN MTG CORP 31392T6E2 -917 SERIES 2483 Cl St 5.580 DUE 03/15/32 C) PRINCPµ REDUCTN 01-15-03 0 01/15/03 PRINCIPµ FEDERµ HOME LOAN MEG CORP SERFS 2488 CUSS SO 6.580 DUE 03/15/32 313927/32 -1,68S.000 PRNCPµ REDUCTN 01-15-03 -n 01/15.03 PRINCIPµ FEDERAL HOME LOAN MTG CORP SERFS 2488 CLASS SO 6.580 DUE 03/15/32 313927/32 -810 PRNCPµ REDUCTN 01.15-03 C 01/15/03 rn PRINCIPµ FEDERµ NOME LOAN MI6COPP 3139 1113 -2.068,000 SERIES 2530 CLASS SE 5.980 DUE 02/15/32 PRINCPµ REDUCTN 01-15-03 01/15/03 PRINaPµ FEDERµ HOME LOAN MTttt4S 31393F/153 -44 SERIES 2530 CLASS SE 5.960 DUE 02/15/32 PRNCPµ REDUCTN 01.15.03 01/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393F666 -887.093 SERIES 2526 CLASS SI r 5.580 DUE 02/15/32 PRNCIPµ REDUCTN 01.15-03 01/30/03 01/27/03 BOUGHT FANNIE WS CMAYSERIES 2CO2-82 31392F573 24,347.391 13.00000 3,165,160.89 59-9.7 FLTR ACCR. M. 22,648.15 WE 10252031 06.697% 0987022118332 REF • 2003012746020000 85 AS OF 01/27/03 SOLOSE00- 019- ANGS TOTAL 5-23.385.855.92 520.198.046.88 027 02:0103.1512 001 Tn I8 IJ 1,2 --A EFTA01320892 CIEMICD TH•COGH WroCcav 00.40 6101106M OFFICE SERVICSC YOUR ACCOUNT Bete. Stearns & Co. Inc. Bev Sun Sean*. Cop. BEAR 383 Matson Avenue New York. New York 10179 One Manna Collo Not 003.00 Ra. Volt 112014$50 STEARNS (212) 272-2000 01212721000 F1NANCiAL TRUST CO INC B re n STATEIMIT PERCO Newry 1.2003 Tia0t1004 31.2033 Transaction Detail (Continued) ACC -tot HAMER TAWAYER NUOMER On Fie DEPOSITS AND WITHDRAWALS LAST STA7VACcr Decernke. 31.2002 000 01/02/03 TRAWC101 END WIRED rstiaavasydRED DESCR070h TO O( MIXER 84.85400 CRUM MOM AC2387601021 C#183139 01/02103 FND WIRED M 90 NATIONAL BANK /0135328ENDSYARED TO 281.884.00 F 002387604020 00183141 TOTAL S-366.738.00 -n INTEREST C aM CtSCR•1176. snowman. rn 01/15/03 FEDERAL HOME LOAN MTG CORP Oncyr.S$ YT OW 60X 4WAMANT 014 803 31392RE410 WC 04 1.0000 Can mama MO masa 58055.94 01/15/03 FEDERAL HOME LOAN MTG COPP 31392TBE2 5.5800 245.598.18 I NtETSiT osin'43 01/1SASS tE0ERAL HOME LOAN MTG CO lakY132 6.5865 251.029.33 r WA% 01/15/03 FEDERAL HOME LOAN MTG CORP 31393FAF3 5.9800 289.442.02 I NCITAT03 01/15/03 FEDERAL HOME LOAN MTG CORP 31393FG88 5.5800 118852.18 4' 4' W 90LOSEOCIN9- ANGS ok -W-03 TOTAL 5954.977.65 027 0201031511 001 v640 I S b.) IJ 00 00 EFTA01320893 =ARCO THRCOOPI WICLLY (,Nate SIAISIOCARY OFFICE SERVICING YOUR ACCOUNT But Sayan Socteen Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York. New York 10179 14•IrRich UAW MAI °Toothy( RA Art 111114459 STEARNS (212) 272.2000 <2111 372.th0) FINANCIAL TRUST CO INC 9 //,, StA/114)/7 PERKO /nay 1.2003 mitax.o, worry 31. 2003 Transaction Detail (continued) ACC T NUWIER TAXPAYER MAWR On 1/e REPURCHASE AND REVERSE REPURCHASETRANSACTIONS us' STA711/EWT Decerter 31.2002 with Bear,Steams& Co.Inc. St-TRACY? TRYTIC an an OtAxSACIION 000641106 StIMOUCUSP MYRA Cal /ACM CRUM MOST 01/30/03 JOURNAL 8888888 2.602.000.00 la ii )3931570P1 8.625 DUE 12031/49 2074420692 01/30103 JOURNAL 8888888 5.789.003.00 ra 5939315701U 8.625 DUE 12/31/49 2074420692 -n 01/30633 INTEREST ADP OD DUE 1V31/2049 8.625 F1DA-PIZ r239315701U 2074420692 8888888 1.326.65 C TOTAL 5-2.602.000.00 55.790.326.65 rn MISCELLANEOUS OAR MDCAY TRANSACTOR OESCRPIIN AMOUNT otf co MOW 01/02/03 RECENEO ADP CO 4.000.000.00 OM 12/31/2049 8.625 8.625 DUE 12/31/49 r FITIA.PR F2393157011 2074420692 01/02/03 DELIVERED ADP CO 1,913.94 DUE 12/31(2049 8,625 8.625 DUE 12/31/49 FITI629 F2393157016 2074420692 01/02/03 DELIVERED ADP CO 4.557.000.00 LOLOSE00-019-ANGS DUE 12/31/2049 8.625 8.625 DUE 1241149 FITIA.Pil F2393157018 2074420692 01106/03 Jduittim. FITG FO EOM 0.16 027 0201003:1612 aol 6440 8 IJ EFTA01320894 =ARCO TAMAN ITS WoOLLY CALICO auBSOMY OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. Mw. Sterns Sou.lin Carp. BEAR 383 Madison Avenue New York. New York 10179 Ors Sterotern Co., Math beady. Mar at 20 3119 STEARNS (212) 272-2000 12121 2121000 FINANOAL TRUST CO INC 10 or Sr...MANY AEA CO January 1.2003 THIVJOSI January 31. 2003 Transaction Detail (continued) re-Cana MAWS TwAYS. rAANSEA On Sie MISCELLANEOUS (continued) LAST SUYDAM' MUMS& 31. 2002 err VONT TRANSACT/011 OESCAWrO4 MDR 1A101241 01114/03 JOURNAL FNmA3OTR(FNMA) GTO 179.296.88 SC/01A3 5.500 OUE 01/01/33 MS NET 01/14/03 0 01/15/03 01/16/03 JOURNAL JOURNAL OEC 02CLEARING FEES FEDERAL HOME LOAN MT6 CORP SERES 2471 MISS TT 500.00 22.738 26 1,000 DUE 03/15/32 -n 01/17/03 JOURNAL Pm TRNFR PREM MO 1/16 600.000,00 01717/03 JOURNAL PitEM INT NO 1/16 1,441.11 C 01721/03 RECEIVED ADP CO 4.600.000.00 rn DUE 12/31/2049 8.625 DUE 12/31/49 F239315701R 8.625 2074420692 01/21/03 RECEIVED ADP CD 5.789.000.00 DUE 12/31/2049 8,826 8.625 DUE 12/31/49 FIIM-PR F2393157017 2074420692 r 01/21/03 DELIVERED ADP CO DUE 12/31/2049 8.623 DUE 12/31/49 8.625 559.67 FIDA.FR F2393157010 2074420692 01/21/03 OELNERED ADP CD 4.800.000.00 DUE 12/312049 8.625 8.625 DUE 12)31/49 FrIM.FR F2393157010 SOLOSE00-019-ANGS 2074420692 01121/03 DELIVERED ADP CO 4.600.000.00 WE 12/31/2049 8.625 8.625 DUE 12/31/49 FTMA-FR F2393157015 2074420692 027 00010301r12 091 V.40 I8 IJ IJ EFTA01320895 CLEWS 'MOUS.. in Vnitsv ONTS20 SUMMARY OFFICE SEAMCING YOUR ACCOUNT See. Senn Secant Cep Bear. Stems & Co. Mc. BEAR 383 Madison Avenue New Rork. New Yak 10179 On Motets Cann Man Oroins New nit 11201.1859 STEARNS (212) 272.2000 0121 272.1CCO FINANCIAL TRUST CO INC 11 an STATEMENT PU000 Jailers 1. 2003 TH*Oni Arum 31. 2003 Transaction Detail (continued) known MAW Tan* KAMM M ilW i MISCELLANEOUS (conW.ie LAST rrATeuen Deanne 31.2002 DATE IANDAT rbscitie OCICAITIST. 0(80 Anna CISCO •ATOUT.1 01/22)03 JOURNAL FITG TO FIN 413.789.00 TOTAL 1-14.989.500.00 514.376.739.01 0 z ii Trades Executed Pending Settlement SETTLISIDS TOM UTE 0ATT MAIRACTOT DESCRIPTON swecucussr OLIAMITY NOCE One Awcua =ST MOOS C 02/13/03 01/08)03 BOUGHT FNMA.30YR(FNMA) GTO 51195744 10,000,000.00 in 101.4375 10,113,750.00 SETT.02/03 DUE 0261/2033 05.500% z 0987797115332 REF # 2003010854140000 85 04/14/03 01/27/03 BOUGHT FNMA.30YR(TNIANGTD 51196251 10.000.000.00 100.6093 10,060,937.50 SETT.04/03 DUE 0440112033 06.500% 0987797115332 r TOTAL REF # 2003012748430000 BS 320.204.687.50 30.00 The eben Wan Co Pot was Tr- Naar el Wa steno. _ End of Statemen 60LOS£00 INS ANGS 027 02/01/01151? 021 VS40 lOPIZZOOVJA3 EFTA01320896