EFTA01321534

EFTA01321534 Statements SDNYG,00351979 CONFIDENTIAL EFTA_00224671 CLOflD 111ROUGA r7S. MMOLLY OverE0 SUSSOVAY OFFICE SERVICING YOUR ACCOUNT SCAR Sae. Steams & Co. Inc. 383 Madison Avenue 0.. Beet Sean Soviet Cap, atrotah Caner Math tba:Nr. New The 11201.3.59 New York New Yak 10179 STURNS FINANCIAL TRUST COMPANY INC INVISTMEN1 estaissionw ZICHERMANIRA rarnetwr PFA00 lone 30. 2007 TELEPHONE taeocKw kW 11.2007 WM OUR WEBSITF waw.bearstearrwcom ACCOJKT MAMA What's In This Statement I lllll hind II IIIIIIII II Twomne Name On Re !Aar sTA/ENVIT Jule 29.2007 Financial Summary 3 FINANCIAL TRUST COMPANY INC Your Portfolio Holdings 4 C/0 AMERICAN YACHT HARBOR Transaction Oetall 6 6100 RED HOOK SUTE 8-3 Fund Activity 7 OUAETERS *2 Your Messages 9 ST THOMAS VI 00802.1348 O E I Your Portfolio at a Glance Market Value of Your Portfolio m TOTAL VALUE Of SECURITIES THIS PERIOD 78,153,540 Cash & Equhaare dr . 112.552.872 1310523S' S7407439 MONET PAWMET FUND BAUXCE 12.552,872 (punts 178.151540 581.581379 NIT scum TIC PIIIIJOD $90,706,412 IM Cowed market vibe Last statements market vat* 77.359,175 r NET COUTO LAST STATEMENT CHANGE SINCE LAST STAMMITO 13,347,237 CI Shan natter La There are no 'Stop Loss' orders or other pending buy or sell open orders on fde for your account. 086ISEOCIN9- ANGS Amass moan rr, Morena cnannratt of <Mai a a:4011. reared a *Maid b ya• Cheat Samoa ai*S143F-Ba wt. a Oat &wee meow Dan Latta OW summary is am nits only. It is ria intended for informational ptrpOSIAS ;SOCOTRA'. as a tat statement should be retained EX your records. Soo reverse side for important mbernation. Cup. Pie Ileenadt Craw %eV, beelden M' X69 027 TIM ,07:07.11 001 volI 8 b.) IJ p -J IJ EFTA01321535 CLEARED THROUGH ITS WICU.? OAT= SUIROGRY Om. Swans SeARON OYA 0. LegoMN CRAW Plat V 11301450 FINANCJAL TRUST COMPANY INC 0 z ii STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r INTSEOCIA19- ANGS 027 OSOTN)AT.1S COI 8315 8 IJ IJ p —J EFTA01321536 CTLARPO THAGJOH ITS •AITTALY PINED SVILSOAFTT OFFICE SERSCIA% YOUR ACCOUNT Bear. Stearns 5 Co. Inc. isa swam Stoats GYP. BEAR 383 Medium Avenue New Yak, New York 10179 Mertach UMW Ike can a. TO 3159 STEARNS FINANCIAL TRUST COMPANY INC 3 oi STAMEN,' PER)C0 Ant 30.2007 11401/0.1 Sly 31.2007 Cash Flow Analysis Income Summary ACCOLM LAMP TAXPAYER 14.AEWR On Ale ma %ROO DC POND 11* to 0.414 Qat aniewerr Ant 29. 2007 OpeningBalance S-7,407,438.53 Dividends 82.958.50 834.823.38 Credit Balance it 0.00 44.54 Smunlies Sold 1.289.086.17 Total 582,958.50 $834,867.92 0 Money Fund Raids Deposited 7.587.984.31 5,124,265.28 Margin In. Paid .33,487.28 -40.905.81 0 Dmdendsanterest miscellaneous 41,600.00 10,457,933.00 Portfolio Composition m Amount Credited 524.500.848.74 CasNeash Equivalent 12.552.872 C Securities Bought -125.700.00 Equities 78.153.540 in Money Fund DivilendsAntemst Clem* -18.934.242.93 -33.467.28 Total 590,708,412 Amount Debited 5-17.093.410.21 Your Portfolio Na Cash Actaky 7.407.438.53 Allocation Closin9Balance 50.00 r Sr. ay rya, Seder, sant trot saxer h Of can DONNA Pcseel Mat a, reOlhadoe men tea n4 am tidy Sr nM n, t115 To64. Cash Balance Summary Z86TS£00- 019- ANGS OPtiaall moon -7,407,438.63 0.00 qutin 86% Not CashBalance S-7,407,438.53 $0.00 Urshigel Salem Oral OW Onew• snit , s•al ~TR nthakT Tt pbor*•.m apemen". M aTITTC tan tT• sendta owlet Me d ste Denbo 0•01.7.07:19 001 S Fn I S IJ IJ p --J EFTA01321537 CAJAMO ThROLCO. rtF wAstAY 0.4140 SLAISANARY OFFICE SCFMONC YOUR ACCOUNT Sea, Scan Sean* COIL Bear. Stearns 6 Co. Ire. BEAR 383 Madison Avenue New York. New Yak 10179 PH ;Arrow. Crew *no 0•00dr. No. Volt 11201.365.0 STEARNS FINANCIAL TRUST COMPANY INC 4 J5 STATSWM' PEA= An 30.2007 THROUGH key 31.2007 Ante NT %AMA TAAPATCA AAJSM On File Your Portfolio Holdings LAST SIMIANS Aine 29.2007 CASH & CASH EQUIVALENTS AWAIT DESCRIATON STAIOUCLISO OIMUMIT VOICE YAWL 0 DREYFUS CASH MANAGEMENT-Ct. A INSTITIMONAL SHARES 010C( 12.552.871.62 1.0000 14552,872 0 EST. 30 DAY AVG YIELD 5,2100% TOTAL CASH & CASH EQUIVALENTS 512.552.872 m EQUMES C Equities & Options in The research ratings for Boar Stearns (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as fawns: 0 = Outperform; P = Peer Perform; U — Underperforrn. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight; MW iv Market Weight MU iv Market underweight. In cases where the BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed, where such research is available. The various providers use different ratings systems and have Menai/01 them as follows: B Buy: H = Hold; S = Sell (this may not always correspond directly to the underlying rating system used by each provider or BSC). The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal. or investment advice, Bear Steams is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. r Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at wow hewsreems rem or can call (800) 517-2327 to request that a copy of this research be sent to them. AOLT VARLET ESSFAISID LSTRIAlt0 OESCRP1104 00/00UCUSIS rue OWARITY PACE wag. AnNlisi. WOW MID 00 APPLE INC AAPL CASH 220.000 131.7600 28.987,200 8SC RMINCe STOCK 0/SECTOR WV SONARS ALTERNATIVE VIDAVER WPM S ENTSEOCIA19- ANGS BEAR STEARNS COMPAMES INC BSC CASH 130,000 121.2200 15.758.600 156,400 1.0559 BOMBARDIER INC-CL B SWAM BDRBF CASH 20,000 6.0610 121,220 CHOICEPOINT INC CPS CASH 100,000 38.7400 3,874,000 427 1•011011110:111 001 VMS I S IJ IJ p —2 EFTA01321538 CIEMED tligatGli ITS W.O.LY OARED SUESPARY OFFICE SERVICINGYOUR ACCOUNT Bear. Steams & Co. Inc. Des. Sten SetteCtet Cap. BEAR 383 Madison Avenue New York, New York 10179 Cne leetntecn Leers Math Bnx7Rft ihrit Yort 11201.3359 STEARNS FINANCIAL TRUST COMPANY INC 5 ei summer Pomo Ai 30.2037 TRROJOR 94 31. 2C07 Your Portfolio Holdings (continued) ACCONN NUYS TAXPAYER Mabel DaFr Equities & Options (continued) LAST STATOWENT Are 29.2007 WWI CSIWATED WORM DESCRIPTION SIIMOVCLSIP WPC °WITTY PACE WIDE PM" ECCOAL MON COLGATE PALMOLIVE CO CL CASH 56.200 66=00 3,709.200 80,928 2.1818 litSC RAnNG: STOCK 0/SECTOR MN DUCKNCAims RESEARCH RAMC: 0 DEERFIELD TRIARC CAP CORP ENVIRONMENTAL SOLUTIONS DER ESWW CASH CASH 362.691 100,000 10.9700 0.7600 3,978,720 75,000 609,321 15.3145 SCettiVADE NC -n LEHMAN BROTHERS HOLDINGS PC LEN CASH 100.000 62.0000 6.200.000 60.000 0.9677 WYNN RESORTS LTD C BSC RAlittt STOCK 0/SECTOR Law WHIN MRGN 160.000 96.5600 15.449.60:0 in WALL STREET STRATEGIES RAMC: B Total Equities& Options $78,153,540 $916.649 TOTAL EQUITIES 378.153.540 $916.649 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $916.649 r YOUR PRICED PORTFOLIOHOLDINGS $90.706,412 P86TS£00- 019- ANGS 027 08101.07:07.19 031 1.015 En I8 IJ IJ p a EFTA01321539 CLEARED TIPCO2.1 ITS VWCALY 0.04E0 SLOIRDARY orner SERVICING YOUR ACCOUNT Bea Sten Satin Co, 8oac Stearns b Co. Inc. BUR 383 Madsen Avenue D179 Orellesown Cs WWI sal 11201.3859 STEARNS New VOTE. New VC • FINANCIAL TRUST COMPANY INC STATOR:se PIROD kne 30.2007 TWICo3n lull 31. 2007 Transaction Detail ACCOuTer WAITER TwAYER ?MODS On Fie INVESTMENT ACTIVITY LAST STATEMENT Two 29.2007 SEMPAEW TE DATE DA TRANSICI171 COMPTON smeasour OUINTry PRICE DEW MOW CREPT YOUNT 07/13107 07/10107 BOUGHT BOMBARDIER INC-CL B SULVTG BORN 20.000 6.28500 125,700.00 62007071056995 I$ 070710 REPORTED PRICE 0 07/26107 07/23/07 SOLD 6.225000 DEFERENCE .0 .060000 DEERFIELD TRIARC CAP CORP AVG PREF SHOWEDETAILS ON RUT OFR -17.500 13.46190 234.52%64 wiscucrito -n 07/27/07 07/24107 SOLD DEERFIELD TRIARC CAP COPP AVG PRICE SHOwN.DETNLS On REO UNSOIJCITED OFR .82,500 12.B4270 1.054.556.53 C TOTAL 5.125.700.00 51.289.086.17 rn DEPOSITS AND WITHDRAWALS DATE TRINEACTI311 DESCRIPTOR DEW Anton CREW AMMO 07/13/07 FUNDS REC ENDS WIRED TO CIDEIAMC FROM 1,695.26 CS uC PRIME BROKER 5077194111E301 r 07/17/07 FUNDS REC FNDS WIRED TO CMBANK FROM MORGAN CHASE BRIE I30071984292301 122470.00 07/17/07 FUNDS REC ENDS WIRED TO [MBANK FROM 5.000.030.00 TALLOW SAW NA f057196000001 TOTAL 55.124.265.26 S86T SEOCIA19-ANGS 08.01070/:19 C01 1015 8 b.) J Ip —J EFTA01321540 CasJelD 111901.49 rib 1114011Y CweaCO SUSSOARe OffICE SERYECING YOUR ACCOUNT But. Stearns 8 Co. Inc. isw. Wan. lames Ca. BEAR 383 /Jalisco Avenue 0.61thentoch Center 'arm 1601061. Yaw Vora 117014699 STEARNS 10179 FINANCIAL TRUST COMPANY INC 7 ao STATEWE14 111900 AIM 30.2007 ThRooco. July 31.2027 Transaction Detail (continued) ALLOW, 194.1166 10:6ANTR 164/069 On Rh MONEY FUND ACTIVITY .MT Rumen? An 29.2007 OAT Atav nunscnow onceronat SHUKteuS• OM MOM OCR PAW 06/30/07 OPENING BALANCE 3,185,234.50 0 07/02/07 07/02837 BOUGHT DMOEND DREYFUS CASH MANAGEMENT-CL A eann.mONAI. SHARES DREYFUS CASH MANAGEMENT-CL A DID3L DICU 457.933 1.0000 457,933.00 21.358.50 -n ICSTITUT/ONAL SNARES MONTHLY MOM 07/02/07 REINVEST DREYFUS CASH MANAGEMENT.° A DICOC 21,358.50 21.358.50 INSTITUMNAL SNARES C DIVIDEND REINVEST in 07/13/07 07/13(07 BOUGHT BOUGHT DREYFUS CASH MANAGEMENT.CE A INSITILMONAL SNARES DREYFUS CASH MANAGEMENT-a A DIC30C °IOC( 4.000,000 8.001.695.26 1.0000 1.0000 4.000.000.00 6.001.695.26 INS1MITIONAL SNARES 07/13/07 SOLD DREYFUS CASH MANAGEMENT-CE A DICXX -125.700 1.0000 125,700.00 INS1UVTIOALU. SNARES 07/17/07 BOUGHT DREYFUS CASH MANAGEMENT-CE A DICKE 5.000.000 1.0000 5.000.000.00 INSITTLMOIAL SNARES r 07/18/07 BOUGHT DREYFUS CASH ft4ANAGEMENTCE A PORTIMONAL DIMES DICE( 122.570 1.0000 122.570.00 07/18/07 SOLD DREYFUS CASH MANAGEMENT-CL A CICOL -7.407.438.53 1.0000 7.407.438.53 061171MONAl SHARES 07°3/07 SOLD CftEYFUS CASH MANAGEMENT-CL A CCICE -33.467.28 1.0000 33.467.28 0811TUTIONAL SHARES 986TS£00- 019- ANGS 07/26437 BOUGHT DREYFUS CASH MANAGEMENT.CL A DC° 234,529.64 1.0000 234,529.64 iornmONAL SHARD 07/27/07 BOUGHT DREYFUS CASH MANAGEMENT-CL A DOC( 1,096,156.53 1.0000 1,096,156.53 MMITuDOtatE SHARD 027 0901.07A17:10 001 rn IJ IJ p EFTA01321541 CLFAREO THROUCH ~IN ~ED ILISSINNY OFFICE SERV1C1NG VOOR AVJGONT bug Slums Stan Cop Beat, Sterns & Co. he. BUkR 383 Mad6on Avenue OroMetpaph NS« An . Net Vat 11201.1339 STDM2NS New VOL New YOlk 10179 FINANOM TRUST COMPANY INC 8 en IWATDANT M.00 1une 30.2007 NIWVOM 1U1s 31. 2007 Transaction Detail (continued) ACCOUNT manen 7NOWYER ~101 On ne MONEY FUND ACTIVITY (con6nued) LAST srArnotr lus 29.2007 017C 1ROPLY TRANSACTIN OISCROWN SvideOUCUSP ONMIN Fot OOM Meun' 010211 alK1 07/31t07 CLOSINGBALANCE 12,552,871.62 TOTAL 57.587.964.31 0 DMDENDS zT 11 64Te beIRSI1011 NaNtUSP ONICITt RMT 111 DEN WORST CREW AW3U117 07/27707 BEAR STEARNS COMPANIES INC 130.000 0.3200 41.600.00 PEG 07/17/07 PAY 07/27/07 TOTAL 341.600.00 INTEREST DATE CESCRIPTION CSANIWY RATE CSIST ~WI Ot= AW71;1:1 07/23/07 INT 0B038.66056 33.457.28 0841 • 07/20 006 .0277911 r TOTAL BAL 0 AVG 6062609 5-33.467.28 MISCELLANEOUS art MOM L8615£00- IND- ANGS TRASSANON DESCIWZ111 NW1mOU111 CRWIT wauw 07/02/07 JOURNAL FROM 040-51258 122.491.00 07702/07 JOURNAL FROM 037-50075 335.442.00 07/13/07 JOURNAL FROM 047-00112 4,000,000.00 027 00.01/07,01,10 001 VOIS I 8 IJ IJ p —J EFTA01321542 CLEARO TROUGH ITS TROLL', GYRED as Day OrDGE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. Sea SIR% Soon.. Q. BEAR 383 Madison Mamie New Yolk, New Yak 10179 Ot lhoointi Cet /RP ITROR. ue. TO 11201.1859 STEARNS FINANCIAL TRUST COMPANY INC 9 et STATEMENT PEA500 June 30.2007 TROUGH JR/ 31, 2007 Transaction Detail (continued) AOCORT NUMMI TARPRIA MAW an NO MISCELLANEOUS (continued) lAST STATOR/1T lune 29.2007 ORE laltaY TRAIISICTON IXSOOMICOI OM MOM CROXI MOM 07/13/07 JOURNAL FROM 047-97738 6,030,000.00 07/18/07 JOURNAL JOURNAL FROM TYPE I TO 2 7.107.138.53 07/18/07 JOURNAL JOURNAL FROM TYPE 1 TO 2 7.407.438.53 07123/07 JOURNAL JOURNAL FROM TYPE 1 TO 2 33.447.28 07/23/07 JOURNAL JOURNAL FROM TYPE 1 TO 2 33,167.28 -n TOTAL 3-7.440.905.81 517,898,838.81 C in z Your messages YOu are advised to promptly report any inacoaracy or discrepancy in your account to your broker and Bear. Stearns SeCuritiOs Corp. CBSSC1 at the telephone numbers listed on the front of this statement. Tn order to protect r your rights, including any rights under the Securities Investor Protection Act (SIPA". any such communications should be reconfirmed in miting to your broker and BSSC at the addresses width appear on the front of this statement. 886ISEOCIA19- ANGS STOPI End of Statement 027 CIT01.07.07:I9 COI 3011 I8 IJ IJ p DO O EFTA01321543 atallt) fl oor..., 17S \MOLLY 04760 SLOSDARY OMNI SERVICING SOLO ACCOUNT Sion lavartni. Cap Beak Stearns & Co. Inc. BEAR 383 Mattson Avenue New Yoh New York 10179 Ole MitraNch Cm•Art No-Si . Nes Yeti /12014639 STEARNS FINANCIAL TRUST COMPANY INC STATEMENT PE11700 kn. 1.2007 TI.f7“10.04 lune 29. 2007 ACCOUNT NUVIIIA TAJOAVeR NUMOIYI On Fie Ler roarwort May 31.2007 FINANCIAL TRUST COMPANY INC C/0 AMERICAN YACHT HARBOR 6100 RED HOOK SUTE B•3 OUAETERS *2 ST THOMAS VI 00802-1348 0 -n g& Pursuant to your preciously issued instructions. Bear Steams Securities Corp. provides duplicate monthly statements and/or transaction confirmations to the third parties listed on the cover page of this statement. If you wish to modify or cease distribution to any of the recipients indicated. please contact your C Investment Professional. This reminder notice will continue to be provided to you on your quarterly statements. in Manny 1EPSTEIN & CO 457 MADISON AVE 4TH FLOOR NEW YORK NT 10022 r 686T SE00-019-ANGS 027 0610.07.07.43 COI rn I S t,4 IJ p 'JO EFTA01321544 OLEWO 774010uCei ITS bestir crane° 8.880fAlly OFFICE SEMI% YOUR ACCOuNT Oa *en Sautes CO* Bear. Stearns I Co. Inc. BEAR 383 Madison MI2M.18 Cr. Meettech Wow No% ReWen thw at 20 3859 STEARNS New Y N Y 10179 FINANCIAL TRUST COMPANY INC INVESTMENT PROFESSelmt ZICHERMAN.IRA sTATIL.7.7 ;IMO Ire 1. 2507 TELEPOCNE (212)272.4189 ntitOuO74 Are 29. 2007 VISn OUR WEBSDE mvebearsteams.com AtC0feti uuliett What's In This Statement Illnlellrnrlrrl,II I TAXasstli tatiteert Cn PI* LAST STATVANT May 31. 2007 Financial Summary 3 FINANCIAL TRUST COMPANY INC Your Portfolio Holdings 4 070 AMERICAN YACHT HARBOR Transaction Detail 6 6100 RED HOOK SUTE B•3 Fund Activity 7 QUAETERS #2 Your Messages 9 ST THOMAS VI 00802.1348 m C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL VALUE or SECURmES Tin PERIOD 81.581,379 pa a EpirNwt 33.185.235 57.259 274 &MOWS NET DEBIT MANCE -7.407,439 Mutes 381.581.379 384.751.146 MONEY MARKET FUND &MANCE 3,185,235 Current mirk* value NET EOUnY THIS PERK* 477,359,175 IM Last slattenert0 menet va1.* r NET EQUITY LAST STATERENT 92.012.420 Inl Shan eftlrlfel value CHANGE SINCE LAST STATEmitur 44651245 There are no 'Stop Loss' orders or other pending D4 or Sell open orders on Me for your account. 066T SEOCIA19-ANGS lot informational purposes only. is not .,tended as a tax dccurnert. Pear won try flawed et rowan Cl crests at enaca. nasal n ante* *Yet Seta al 10)-081420: et etas * tan Bram Cl ewe Saes sores Cap 0.• iffrinie* Cwor monk Itreatbn 20 4850 fet 5111K This statement Should This sunvnaly De retained Mr ow records. See reverie ado for important information. 027 O6.O8.O7O1.43 C01 W011 rn I S IJ IJ p IJ EFTA01321545 0 z m STATEMENT BACKER IS PRINTED ON THIS PAGE ci m z H r T66TS£00- O19- ANGS 02? 0&300t07;42 001 V011 IJ p EFTA01321546 0dµ10 1111,01Gm ITS YAKUT ComseD rlISOMFrf OFFICE 501m0iNG YOUR ACCOUNT Flew, Steams & Co. Inc. Dr, Hurt Smumin BEAR 383 Mattison Avenue Nee Yak, New Yak 10179 Om Meeedi Os ISM BMW" New Tel 11231.1651 STEARNS FINANCIAL TRUST COMPANY INC 3wt STATEMENT MEMO lux 1.2007 netyJON lux 29, 2007 1400.110 AMMER Cash Flow Analysis Income Summary 96.96,561111 50.4601 On Fie ma atone 1X61FY.'0 TVA TO DATE Leda isTA/TmeNT May 3..2007 OpeningBalance 50.00 DtvidenIs 46.691.09 771,864.88 Craft Balance Ire. 0.00 44.54 Maley Find 6,190,917.09 Funds Moodie! 1,023,495.00 Total $46.691.09 $771,909.42 Margin Int. Paid -7.438.53 -7,438.53 O Amount Credited Morin Fund 36.214.412.09 .1,070.186.09 Funds Withdraw. .6,144.226.00 Portfolio Composition m DMderdsanterest Charged -7.438.53 SSW awe Miscellaneous -7,400,000.00 C CasNCash Equivalent 7,407,439 3.185.235 in Amount Debited Net Cash Activity 3-13,621.850.62 -7,407,438.53 FOSS 81.581.379 Total 37.407,439 384 766 614 ClosingBalance 3.7.407.438.53 Your Portfolio Allocation r Cash Balance Summary Snon Cat 4Equh61051 8% ayes MOMS Sash 8145.45Thkert 3% 763i9in 0.00 .7,407,438.53 Net Cash Balance 30.00 3-7,407.438.53 Z66ISE00- 019- ANGS Eq.. t 89% Lfrieloon 14:exre Oxon aebt baSm,e Vo.. M The alociioi genceiale 00-..0 I.,••M an** nets. .at. ✓ )0.• olbb Oil 06EXED7.97 43 col 1011 I S IJ IJ p 3o .b- EFTA01321547 OICASSO ThROL41, owcD 14111.0 Y °MEE SERVICING YOUR ACCOuNT Bear. Steams b Co. Inc. M=. Seers Sonnet Corp BEAR 383 Mediscn Avenue 10179 One II•Tetetti Criar North BMW. W. T01 11201.3159 STEARNS FINANCIAL TRUST COMPANY WC 4 STATES/Ohl (VICO Mt 1. 2007 TIIIi0u111 An 29.2007 ACCOLN? NVI/OFFI TAYAWER n JaER OVI Fik Your Portfolio Holdings LMT STAMIEN? May r, 2007 CASH & CASH EQUIVALENTS LIMET W4 INISCIIPDD11 TOA101./CLISIP CASH BALANCE -7,407,439 0 DREYFUS CASH MANAGEMENT-CL A ieSTITUTIOrat STORES DIOX 3,185,234.50 1.0000 1185,235 EST 30 DAY AvG YIELD 5 2200% -n TOTAL CASH &CASH EQUIVALENTS 54.222.204 C EQUMES in Equities & Options The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 - Outperform; P = Peer Perform; U = Underpedonn. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO 4, Market Overweight MW = Market Weight; MU = Market inderweight. In cases where the BSC rating is present, the name of an independent. thard•party research provider and their rating may also be displayed. where such research is available. The various providers use different ratings systems and have normakzed them as follows: B = Buy; H Hold; S - Sell (this may not always correspond directly to the underlying rating system used by each provider or BSC). The ratings information contained herein is for informational purposes only and is not intended r to provide tax, legal, or investment advice. Bear Steams is neither soficiting any action based on such information. nor endorsing any recommendation or opinion expressed by any independent. third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent. third-party research on certain companies covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at aura hearktearnk OfILO or can cal (800) 617.2327 to request that a copy of this research be sent to them. ACC1 WORT ESTIM0110 (SWAM DESCRIPIXY4 SOAIKIX1411. nn 0114011Y PREZ VALUE Alla WOW TIO.DOS1 APPLE INC MPL CASH 220.000 122.0400 26.848.800 £66TS£00- 019- ANGS BSC RATING: STOCK 0/SECTOR AIM BOYAR'S ALTERMAIM VIEWPCNT RATING: S BEAR STEARNS COMPANIES INC BSC CASH 130.000 140.0000 18,200.000 168.400 0.9143 02? 01O300/107,11 D31 0811 EFTA01321548 CLEARED %ROUSH ITS WnCt49 OnwEO 85,84%599 OFFKE SERVKING YOUR ACCOUNT Bear. Steams .6 Co. Inc. In, Sera %ORO, Cal. BEAR 383 VeCson Avenue Nr-A Y,re New Ycek 10179 One %Wan, cn Nap 11, Wet 1341 11201.3859 STEARNS FINANCIAL TRUST COMPANY NC 5 pro sThrewevT [ago hey 1.2007 /locus. Awe 29.2007 Your Portfolio Holdings (continued) ACCOUNT RAISER %PAYEE RAMA On FY LAST SELTEvert Mai 31.2007 Equities 8 Options (continued) ACM' 1A/Altil 138111WID MOM= OtSCRIET1011 SWUM/ not omen. EWE VALUE MOWN INCOME 111D 119 CHOICEPOINT INC CPS CASH 100.000 42.4500 4,245.000 COLGATE PAIMOLNE CO Ct. CASH 56.200 64.8503 3.641.570 80,928 2.2205 0 BSC RAMO. STOCK 0/SECTOR MW BUCKRIGHAM RESEARCH RATING: 8 DEERFIELD TRIARC CAR CORP OFR CASH 462.691 14.6300 6.769.168 777.321 11.4833 -n ENVIRONMENTAL SOLLMONS v.cimmvo4 INC LEHMAN BROTHERS HOLDINGS INC ESWW CASH 'ASH 100.000 0.7800 78.000 LEH 100.000 74.5200 7.452,000 60.000 0.8052 C in WYNN RESORTS LTD BSC RATIM STOCK 0/SECTOR MW WALL STREET STRATEGES RAI% B WYNN 160.000 89.6490 14,343.840 Total Equities& Options S81.581.379 31.084649 TOTAL EQUITIES S81.581.379 $1.084,649 r YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME 51.084.849 YOUR PRICEOPORTFOLIOHOLOINGS S77.359175 V66TS£00- 019- ANGS 021 0611007,1,13 001 VOI1 rn I S b.) IJ p 30 EFTA01321549 CLLAAIO 1114COR. ITS WhOLLY 00040 SISSIWAY OFFICE SERVICING YOUR ACCOUNT Soar. SaroniSantes Rep Rear. Steams & Co. Inc. BEAR 383 MaClan &once • - Carter AVM Pally. hea York 112014/50 STEARNS FINANCIAL TRUST COMPANY INC 6 CI STATIPAPIT !PROD kine 1.2007 TPACIA304 hoe 29.2007 Transaction Detail /CLOW' mans T/JAATER suulsta INVESTMENT ACTIVITY LAST STATE...DC MAy 31.2007 SRTUDATIO RACY DATE OAR 11WITAC11011 common swinCOW MIcHret MIS DENT Aare CATOrt ALICIA!! 06/15/07 JOURNAL WYNN RESORTS LTD WWII! 460.000 JOURNAL ROA TYPE 1 TO 2 C) 06t15/07 JOURNAL VANN RESORTS LTO WINN 160.000 0 TOTAL JOURNAL FROM TYPE I TO 2 -n DEPOSITS AND WITHDRAWALS DATE TRANSICON DISCRP11011 OM AMOUR Tina AMXIM C rn 06701/07 FNO WIRED MDARMI1145328FNDSVARED ID "ORGAN CHASE WOG NA £739110438 10407607 1.000.000.00 06006/07 FAO VARED IADARM0.14794SENDS WIRED TO 1.000.000.00 MAORG.W CHASE a NA £739.110110 FDIOMISS 0613707 FND YAM) MDA.M6463372FNOS %MED TO 1.000.000.00 JINA3RGAN CHASE BAWL NA £739.110438 FD003937 r 06/18/07 FUNDS KC INDSWIRED TO CITIBANK FROM C:5 UL PR0.0. BROKER 50771691018401 1.023.495.00 06/19/07 FND WIRED MOARBA225658ENDSVARED TO 111,220.00 GRIMM( NA £85766326 F1001662 WM4,2007061903136031 iorocioso 566TS£00- 019- ANGS 06/27/07 1110 WIRED MDA.M6463524ENDSVARED TO "MORGAN CHASE MNIL NA £739110436 FMOSS92 on OMOINOTA3 COI 1.77 8 b.) U.) 00 --3 EFTA01321550 CLAM) THROJGalCs %MOLLY Ovamb Saritakav MICE SERVICING YOUR ACCOUNT Bear. Steams & CO. Inc. Bea. Steam Scram Cep. BEAR 383 Madison Avenue New Yea, New York 10179 OM Manama Comm Nam IMO* ae. at 1201.31150 STEARNS FRANCK TRUST COMPANY INC 7 en STA7EvENT Palt100 Ara 1.2007 THROuOm Are 21.2007 Transaction Detail (continued) ACCOMr raMaan TIXPANTA NIAMEA On Fee DEPOSITS AND WITHDRAWALS (continued) LAM STAMMMT May 31. 2007 DAR reanstmet Mamma 00,1 AtOM 011011 MOW 06/28/07 END ?ARM) MOARCT111916FNCIS WIRED TO 1.000.000 00 in/ORGAN CRAW BANte. NA X739110431 C•358358 0 TOTAL MONEY FUND ACTIVITY 5-5.144.226.00 51.023.495.00 m DOC MICIAY TOMMOION oEsownim WORM RIM SYMIPLOJSIP OCIII MOM CREW ARCM 06/01/07 OPENINGBALANCE 7.259.274.41 C rn 06/01107 SOLD DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SURFS DEM -1,000.000 1.0000 1,001000.00 06101/07 DMDEND DREYFUS CASH MANAGEMENT-CL A DICM 46,691 09 INSTITUTIONAL SHARES UONTILY DIME?* 06/01/07 REINVEST DREYFUS CASH MANAGEMENT-CL A CCU 44691.09 46.69149 INSTITIMOWA SHARES r 06/06/07 SOLD DIMINO REINVEST DREYFUS CASH MANAGEMENT-CL A 01030 -1.000.000 1.0000 1.000.000.00 ISTITUTIONIL SNARES 06/13/07 SOLD DREYFUS CASH MANAGEMENT-CL A C4C70( .1.000.000 1.0000 1.000.000.00 a SHARES 06/0307 BOUGHT DREYFUS CASH MANAGEMENT-CL A DK30I 1.023.495 1.0000 1,023,495.00 edniunauL mums 966TS£00- 019- ANGS 06/19/07 SOLD DREYFUS CASH MANAGDAEM-11 A -144.226 1.0000 144,22603 INSTITunORN. SNARES 06P27/07 SOLD DREYFUS CASH MANAGEMENT-CI. A DC/2 -1.030.003 1.0000 1,600,000.00 INSIMMONAL SNARLS 027 0140720:07,43 001 4011 IT1 8 IJ R.2 00 00 EFTA01321551 aLAALD 1114CWH rS Yn•CtLY OWED WWW.Fre OFFICE SUM% YOLK ACCOUNT Sax. beans Sean*. Cat. Sear, Stearns & Co. Inc. BOAR 383 Macloon Avenue New YOrk, New Yak 10179 IMc cave Noy, Orteur. he. Von II701.35SO STEARNS FINANCIAL TRUST COASANY INC 8 o, STATEN'S.'" PESfoo lune 1.2037 THROWN lune 29. 2007 Transaction Detail (continued) ACCOUNT Wall TWAYCIT N.M On Ft. MONEY FUND ACTIVITY (continued) LAST STAIDANT May 31.2007 Dan LIDOAY IRANSACTION OiFSCROIKei SYWOLICUOR WNW NICE OEM /MOW MDR MOW! 06/28/07 SOW DREYFUS CASH MANAGEMENT-CL A DICU -1,000,000 1.8.030 1.000=03 INST1TUTKINAL SHARES C) 0 06/29/07 TOTAL CLOSINGBALANCE 3.185.234.50 S-1.070.186.09 55,190,917.09 -n INTEREST C DATE CCSCRIPDN. CLAN C4MUMEY WE ti OW! AWLINI CRUX/ AVOulir in 06/21107 INT 0803066056 05/21 - 06/20 106 .031259 MI. 7400000 AVG 1432238 7,438.53 TOTAL 5.7,438.53 MISCELLANEOUS OAT( r MOOAT 06/15/07 ntmoscnoN JOURNAL OLSCRIPTICN TO 03028825 man wow 7,400,000.00 =DO MOUNT TOTAL 5-7.400.000.00 L66TS£00-019-ANGS C): 06,607:07:43 POI )1)11 I S b.) IJ p 30 EFTA01321552 notocem whieu. 0m,s0 =manic,. aria MEWING MVO WOW Bor. Stamm Secereen Coo Bear. Stearns & BEAR 383 Madison Avenue New York. New York 10179 One Stet' ' 4rtr Mtn" Onnedeee New On 11201.38S9 STEARNS FINANCIAL TRUST COMPANY INC 9 of STAIlmea row° Asp 1, 2007 114.0.12.M June 29.2007 MJUSER TAxPANPER 'MOM On fie Your messages us? STATEMENT Way 31.2037 Confirnation: Unless we hear from you to the contrary. it is our understanding SPECIAL NOTICE FOR MARGIN CUSTOMERS that any free credit balances in your account are being maintained to facilitate your intention to invest such amounts through us. If you are a customer with a margin account. you consent to Bear Steams's right to use. lend or pledge any securities held by Bear Steams in your margin 0 account. In certain circumstances. such loans or Other use may Emil. in whole or in part. your ability to receive dividends directly from the issuing company z and/or your right to exercise voting and other attendant rights of ownership with respect to the loaned. sold or pledged securities. Such circumstances m include. but are not limited to, loans of securities that you own in your margin account that continue over record dates for voting purposes and ox-dividend dates for dividend distributions. If you do not receive dividends directly from ci the issuing company. you may receive payments-in-lieu of dividends which m could cause you to lose the benefit of the preferential tax treatment accorded to dividends. z You are advised to promptly repon any inaccuracy or discrepancy in your I2? Inorders an effort to maximize execution quality, Bear Stearns may route your equity H account to your broker and Bear. Stearns Securities Cap. ('BSSC) et the to Its Smart Order Router (SOR). The SOR accepts limit and market telephone numbers listed on the front of this statement. In order to protect orders and automates their routing across several sources of liquidity in an your rights. including any rights under the Securities Investor Protection Act attempt to maximize price and minimize market impact with respect to your SIPA,. any such communications should De reconfirmed in wilting to your order. The SOR routes orders using proprietary algorithms that scan r broker and BSSC at the addresses which appear on the front of this statement. exchanges, ECtis and other liquidity venues before it decides a strategy designed to achieve an optimal execution for clients. The SOR may in the course of executing an instruction change the entered order type from market to limit or may change the entered limit price in an attempt to obtain the best price. Although the Firm believes that the regular use of this technology benefits clients by achieving overall better execution quaky, we cannot guarantee an optimal execution on any individual order. 866TS£00- IND- ANGS STOP End of Statement 027 C4/3307.07 41 001 ton 8 EFTA01321553 CLALJTIO WriCtLY 01iSCO. SLAISCIAJTe OFFICE SERInaNC YOUR *Miaow Bear. Steams & Co. Inc. B. Sten Secirdin BEAR 383 Madison Avenue New York,Near York 10179 One Itertitch Ono Hain Te LYN T 11231-UST STEARNS FINANCIAL TRUST COMPANY NC !Marmara PRomsmorm ZICHERMANARA STAMP, AliA00 May 1.2007 TELEPHONE (212)272.4189 inTiOJOH may 31.2007 VW OUR *Warta sawa.beanteams.com ACCO Nana What's In This Statement Ill. .Ilrrrlrrl.Il.....I.I..,Il,,lI,,I,.II,,I,I TOLAPAVSR MAMA On Fla LAST STATE erre Aar 30.2037 Financial Summary 3 FINANCIAL TRUST COMPANY INC Your Portfolio Holdings 4 C/O AMERICAN YACHT HARBOR Transaction Detail 6 6100 RED HOOK SUTE B-3 Fund Activity 6 OUAETERS 4.2 Your Messages 8 ST THOMAS VI 00802-1348 O Z T E I Your Portfolio at a Glance Market Value of Your Portfolio m TOTAL VAWE OF =MINES MN MEC 94.753.146 Cabs t qutniert 117,756.525 Warta MARKET FUND BALANCE 7.259,274 Equities 584.753.1/6 581.251.555 NET ICARTY MIS IMMO 592.012.420 Current fraititt TAUT NET EOLITT LAST STATEMENT 99.008.080 NO Last staterrtnes manes yam r CHANGE SINCE LAST STAltmENT -6.995.660 There are no Stop Loss' orders or other pending buy or set open orders on file for your account. 666TS£00- 019- ANGS ornate wen sin Serene. e etele•dept tl ettl. O slices Norte w r,%a b yod, Oast Seencin Y S>S404.1421t a ens b Oat avian A Su Sine. Swim. Con. CM minicaten Cann N >0 31170 This summary 6 for ac This statement should Seeman/nal ptttposes Only, It is mat intended as a tax document. be retained for Our rec01115. Gee reverse side for important information. 027 050107.05.44 001 Y010 rn IJ EFTA01321554 awed lwarw rrs wsass OsSIED eisfiv Sea. San Sectors Cap. Ose Mntmc Cs.* has Ore-Abs hes Sort 11201.3859 FINANCIAL TRUST COMPANY INC 2 (-) 0 z m STATEMENT BACKER IS PRINTED ON THIS PAGE ci m z H r 000ZSE00- IND- ANGS 027 CflO1 t; -31 44 CC' 1O12 I IJ IJ IJ EFTA01321555 Camera nama.08 RS :MOLLY RAMO SuMISMOw OFFICE SERVICING MR ACCOUNT Bear. Steams 6 Co. Inc. Sam Smarm Scant Ca BEAR 383 Madison Avenue ctk 10179 Cra Aleetad, Orbw NOM km Tin 11201.38S9 STEARNS FINANCIAL TRUST COMPANY NC 3 e :TATUM..? PERON May 1.2007 1440LICRI May 31. 2007 AIXO NY ROMER Cash Flow Analysis Income Summary TAXPAYER MaSER On HIP DC P0000 "15 MOOD YE* TO DAN rAFT $0.104EM Ape 30. 2007 OpeningBalance 30.00 ()Words 302.749.37 725.173.79 Credit 00411C0 kW- 0.00 44.64 Maley Fund 10.873.187.15 Deldendaintarest Total 3302.749 37 5725.218.33 229.562.22 Amount Credited 311.102.749.37 Monty Fund .302.749.37 Portfolio Composition EMIRS Wittdrase 40.800400.00 -n Amount Debited 3-11,102.749.37 cosmos], Four/Nem Equities 7.259.274 84.753.146 C ClosingBalance SOSO Total 392.012.420 in z -H Your Portfolio Allocation r TOOZSEOCIA19- ANGS Equities 93% lesitates .wren der gee err arra Vol tsar rat. RR *Rolm W0104/40 cares sr tit nic nor vaa d 'at WIWI) et, 0601'07..05:44 001 %WO 8 b.) IJ p EFTA01321556 CLEARED 114A0Veal ITS Vaal. OWarS SAJIMOMEE OrlICE SERYCING YOUR ACCOUNT sew. Ron stoats Omp. Bear. Steams a Co. Inc. BEAR 383 Madison Avenue 0 -•MetraMth CenLer Mat, IMEdan. tam re/11201.3MP STEARNS New Yak. New Wyk 10179 FINANCIAL TRUST COMPANY INC 4 to s STAITALCAr PPP= May 1.2007 THROVCAL May 31. 2001 ACV, KI Nati/ TA.Svait %Meat On fib Your Portfolio Holdings LAST SWUM APir 30.2007 CASH 8 CASH EQUIVALENTS MOMET CLESCMPTION SYMEOLCUSIA MAAP0177 MICE VALUE DREYFUS CASH MANAGEMENT-CL A DICK( 7.259.274.41 1.0000 7.259.274 0 INSTITUDDNM. SHARES ESE. 30 DAY AVG WELD 5.1900% TOTAL CASH & CASH EQUIVALENTS 57.259.274 -n EQUITIES C Equities 8 Options rn The research ratings for Bear Steams (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the stocks total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 — Outperform; P - Peer Perform; If = Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO Market Overweight; MW Market Weight MU — Market urxlerweight. In cases where the BSC rating is present the name of an independent, third-party research provider and their rating may also be displayed, where such research Is available. The various ponders use different ratings systems and have normalized them as follows: B = Buy; H = Hold; S = Sell (this may not always correspond directly to the underlying rating system used by each provider or BSC). The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal, or investment advice. Bear Steams is neither soliciting any action based on such Information. nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol Indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. r Independent. third-party research on certain companies covered by the Fent research is available to customers of Bear Stearns at no cost. Customers can access this research at Irma twarstearn‘ rnm or can call (800) S17-2327 to request that a copy of this research be sent to them, AMT VAII011 ES11P.WED t.SIPSITO DESMITON SYMBOUCUSO ME °LWOW Ma MIK Malik NONE moue APPLE INC AAR. CASH 220.000 121.5600 28,743.200 BSC RATING: STOCK 04ECTOR MW BOYARS ALTERNATIVE VIEWPOINT RATING: 5 ZOOZSEOCIN9- ANGS BEAR STEARNS COMPANIES INC BSC CASH 130,000 149.9600 19.494.800 166,400 08536 CHOICEPOINT INC CPS CASH 100000 43.6600 4,380030 027 CaelOT:06144 001 VOID to IJ IJ p EFTA01321557 CUAMO itiltaros WrIOLLY ebb, SvILSO0R, OFFICE SOWING YOUR ACCOUNT Bear. Stearns & Co. Inc. bay Sten Los Cap BEAR 383 Madison Avenue New Oak. New York 10179 O. k bror /by, 170:107‘ /be Tot 11201.3459 STEARNS FINANCIAL TRUST COMPANY INC 5 He STATZMIN7 elli/00 IAN 1.2007 1101MIGH /by 31.2007 Your Portfolio Holdings (continued) ACCOlArT rabbit TObbytilt PrAlta On MA WT STATDAD/7 /pi 30, 2667 Equities 8 Options (continued) ACCT lin CSIMMIO ESTIPAITTO Or.50.110N MMOUCUS• MC OUIMIIT ME volt Maul MOW 7110 09 COLGATE PALMOLIVE CO CI. CASH 56,200 66.9600 3.763.152 00,928 2.1505 BSC RAT O STOCK 0/SECTOR MW BUCIMMium RESEARCH RATING: B C) 0 DEERFIELD MARC CAP CORP ENVIRONMENTAL SOLUTIONS wcaLIYAIX INC OFR ESYNI CASH CASH 462,691 100.000 16.2000 0.8600 7.495.594 86,000 777,321 10.3704 -n LEHMAN BROTHERS HOLDINGSRTC WYNN RESORTS LTD LEH ': CASH CASH 100.000 73.3800 7.338.000 60,000 0.8177 160.000 96.5400 15,448.400 C OSC RAM& STOCK 0/SECTOR Ma WALL STREET STRATEGIES rn RAMC B Total &MUM& Options 584.753.146 51.084.649 TOTAL EQUITIES 584.751146 51,084.649 YOUR PORTFOLIOHOLDINGSESTIMATEO ANNUAL INCOME $1.084.649 r YOUR PRICED PORTFOLIOHOLDINGS 592,012,420 ECIOZSEOCIA19- ANGS 027 0101/07.0044 001 1719 I8 IJ IJ p EFTA01321558 OMAR= TISSOSLCIN rrs ve-ics.tv OW/CD SUSSMTLAY OFFICE SERVICING YOUR ACCOUNT Sur, Tars Stares cop. Bear. Steams & Co. he. BEAR 383 Madsen Avenue Nee EPS, New EGA 10179 Ono klercted. Oyes ala OLLTASA Sem Vert 11201.3519 STEARNS FINANCIAL TRUST COMPANY INC 6 or s STATEMENT PERLTO May 1.2007 THROUGH LAby 31. 2007 Transaction Detail ACCOLAT LOSSISR TATPAVER MANES On Ft DEPOSITS AND WITHDRAWALS LAST STATISIDIT 30. 2007 AT OAR TRANSAC11041 CRSCORIEN MIR MOM CREW MOM 05/09/07 FND WRED MOMFIA8431732ENDS WIRED TO 1.000.000.00 REACRIGAN CHASE Eta NA AC739-110438 FEN034811 0 05/09107 END EARED MDAMM8431167FNOSWIRED TO SICRGAN OUSE DANK NA ACCE30171.004 F0503631 7.600000.00 z 05/21/07 END WIRED MOAeM6437411ENDSWIRED TO ANASRGAN CHASE Boa( NA 1,000,00000 m AcT32110438 FON35495 05/22/07 END WIRED MOM/ C1089278FNOS WIRED TO 1.000.000.00 C 1181ACEIGAN CHASE BANK NA AC739-110438 C1303143 in TOTAL s-10.800moace z J MONEY FUND ACTIVITY GATE HOST ritiNSACTICW ocsatemoll ETHICUOISP Ouverm MCC FACUNT CREDIT MOWN 05/01/07 OPENINGEMIANCE 17,756,525.04 r 05/01/07 DMDEND DREYFUS CASH MANAGDAENT-CI. A MOM 73,187.15 INSTITUTION& SHARES ACITHIN DEANNE. 05/01/07 REINVEST DREYFUS CASH MANAGDAENT41 A DCO 73.187.15 73,107.15 IFSITIUMNAL SNARES °MUSD REINVEST POOZSEOCIN9- ANGS 05/09/07 SOW DREYFUS CASH MANAMIENKL Oct -1900.030 1.0000 1.000.000.00 INSTMID:tem SNARES 05/09107 SOW DREYFUS CASH MANAGEMENT.CL A DION -7100.000 1.0000 7.800.000.00 SNARES 027 01401.047&44 CF)1 VERO Fn I S b.) IJ p EFTA01321559 REARSO TAMOuOm nS WM:MY SPANS> MASONRY OFFICE SERVICING YOUR AimMT Bear. Steams & Co. Inc. Seer Steams Smurtsm Cap BOAR 383 Madison Avenue New York, New York 10179 OroIdecromat Caner Nem Iron)" Nat as 20 -3.259 STEARNS FINANCIAL TRUST COMPANY INC 7 or t STATEMENT PER00 May 1 2007 NISOLKIN May 31. 2007 Transaction Detail (continued) AGLOW! mAitelt TAximves mAutitM On Fle MONEY FUND ACTIVITY (continued) LAST sTArtystit 0024 30.2007 Ulf MODAS TRAMSACTION OESOSPTON SYPASOUDJSP CIJANISY SPICE con AMOW0 MIXT AMOLAST 05/15/07 SOUGHT DREYFUS CASH MANAGEMENT-CL A DION 20,232 1.0003 20,232.00 061TIvIIONAL SHARES C) 05/21/07 SOW DREYFUS CASH MANAGEMENTa. A DIM -1.000.000 1.0000 1,000,000.00 INSTITUIDNAL WAS 05/22/07 SOW DREYFUS CASH MANAGEMENT-CL A 0C .1.000.000 1.0000 1,000,000.00 INSTITUTIONAL SHIRES 05/23/07 BOUGHT DREYFUS CASH MANAGEMENT.O. A DICC( 15,000 1.0030 15,000.00 INSTIRMO/tAL SUMS I I 05/30437 BOUGHT DREYFUS CASH IAMMGEMENT-Cl. A 0C 194.330.22 1.0000 190.330.22 INSM11113NAL SHARES m 05/31707 TOTAL CLOSINGBALANCE 7 259 274.41 S-302.749.37 510,873,187,15 DIVIDENDS r art 05/15/07 DESCRISOK COLGATE PALMOLIVE CO RIC 0024/07 PAY 05/15/07 Sarattes CL OLIAMMY 56,200 MR MI 0.3600 one WWII eSIUT Masi 20,232.00 05/23/07 LEHMAN BROTHERS HOLDINGSINC LEH 100,000 0.1500 15,000.00 REC 05/15/07 PAY C6/23/07 05/30107 DEERFIELD TRIARC CAP CORP DER 462.691 0.4200 194.33022 ACC 05/07/07 PAY 05/10/07 SOOZSE00- 019- ANGS TOTAL 5229 562.22 021 0M01007:05,44 001 vOTO Tn I8 b.) IJ p EFTA01321560 atARID 11.01.414 ITS WrIOLLY Ova4.0 SullSOVRI OFFICE SERVICING YOUR ACCOUNT Bear, Stearn & Co. Inc. bar Len Swanton Cory BEAR 383 Macaw, Avenue Nes York New Y 10179 Ore Maaplych Goner WM texidyy Has Yet 11201.1134 STEARNS FINANCIAL TRUST COMPANY INC 8 m1 STATFMBIT KAPP May 1.2007 MOIOVIM May 31.2001 ACCOul/141 Nab! - TµPAVtR MAIDDI On Fie Your messages LAS. STATOM•it Spa 30.2007 You are achised to promptly report any inaccuracy or discrepancy in your account to your broker and Bear. Stearns Securities Corp. CBSSC") at the telephone numbers listed on the front of this statement. In order to protect your rights, including any rights under the Securities Investor Protection Act 0 CSIPA"), any such communications should be reconfirmed in writing to your broker and BSSC at the addresses which appear on the front of this z statement. -n STOP! End of Statement C in z -H r 900ZSEOCIA19- ANGS 02/ 0601,0/.0344 001 Y010 EFTA01321561 CUOMO THROWN ITS VisiCtLY &Ken taleCteav OFRCE SERVICING YOUR ACCOUNT Bove SWAIM Senn Coy. Roar. Steams & Co. Inc. BEAR 383 Madison Ammo New Yo& New 1'c 1. '9"79 One women cHee Rem limetbet Sow Tot 11201.3959 STURNS FIRANCIAL TRUST COMPANY INC INYESINENI PROEESSCNN. DCHERMANTRA STA,110.7 Pump Meth 31.2031 TELEPHONE (212)272-4189 Agri 30.2007 THROUGH VISIT OUR MORITZ weve.bearsteams..ccen ACCOLIVT WIAASER What's In This Statement IIIIIII I I II 111111III TAYPAYER WOOER On File LKT STATEMENT Mn. 30.2007 Financial Summary 3 FINANCIAL TRUST COMPANY INC Your Portfolio Holdings 4 C/O AMERICAN YACHT HARBOR Transaction Detail 6 6100 RED HOOK SU1E 8.3 Fund Activity 6 OUAETERS k2 Your Messages 8 ST THOMAS VI 00802-1348 0 -n C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL VALUE OE sccuerms THIS PtRICO 81.251.555 Casts s Eq.mMeni a 511.756525 S15.275.886 MONEY WANET MAD BALANCE 17,756.525 Levees 591.251.555 576.679.136 NET EOUITY THAS PERIOD 599.008,080 Current meat: value MI Last sum-nem', reterke: value NET EQUITY LAST STATEMENT 91.955,222 r CHANGE SNCE LAST STAR:ROT 7.052.858 There are no 'Stop Loss' orders or other (muting buy or sell open orders on Me for your account. LOOZSEOCIA19- ANCIS st This event Wen a, clVeetex• o reet-eneist dawn W sixty Maw' o aim.< to you summary is for informational only. It is not ',tended as a tax document. b Cant Semen le 1720434, 4271. oe wits is Can Swore at love Sten Skull. This statement should be retained TN our records. See reverse side for important inkemation. CIO.. ,. weesesca Go-tor Min. Sono. te V $1291.9114 027 OSCoM7te4 001 VOC9 rn I S b.) b.) 'O MO, EFTA01321562 CLE0120 7.49C7.421 ITS Wit 00%.20 SL00/0*ARY eat %BIT Sans Co7. Ono Mototecri Geer kali &tour. Ma Ten 11207335.0 FINANCIAL TRUST COMPANY INC 2 0 z ii STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r 800ZSEOCIA19- ANGS 027 0001/070014 COI V0011 8 IJ IJ EFTA01321563 CLEARED 1,410.0n ITS Als/011Y OtolD 9JBSOPAY CAFICE SERNONG YOUR ACCOUNT Ns. Swan Socuite Carp. Roar. Steams L Co. Inc. BEAR 383 Madison Avenue mat Ow verve, Ceter lMn tealts. Nw for 1'20/ -3ST9 STEARNS 10179 FINANCIAL TRUST COMPANY INC 3 e! PATE...ENT PESCI) Meth 31.2037 THROUGH /117e7 33.2007 ACCOLAYI imago, Cash Flow Analysis Income Summary TAXPAYER MARICII on FS? THIS MOOD TIPS P€RY.O YD S meaty LAST STAINES? Myth 30.2007 OpeningBalance 511.500.600.00 Dividends 99042.68 422.424.42 Cada Balsa Int. 0.00 44.54 Money Fund 106846.63 CeAdendslInterest 41,60060 Total 5.99.042.68 $422.468 95 Miscellaneous 2,425,000.00 0 Amount Credited 52,567,446.63 Portfolio Composition z Maley Fund -14626042.68 Celli/Cash Equtialera 17356.525 m /Median:out -43.403.95 Equities 81.251.555 C Amount Debited 5-14.067.446.63 Total 599.008.080 in Net Cash Actht7 -11.500.000.00 z ClosingBalance 50.00 • J Your Portfolio Allocation Cash Balance Summary r DFEIIga Ctedui0 Case &Ewa' Cash 11.500.000.00 0.00 18% Net Cash Balance 511.500.000.00 50.00 _ Caucus 82% Ursnideo tertas deTtel STA banv wow eat 6OOZSEOO 019 ANOS nalel vita Tw doeston oneitic• 4 Cone] In., rs avows nano .alue(7/mo %%IWO Ott 0S01/0707:14 001 1009 I OLVZZOO- V.L43 EFTA01321564 coat: 11410.*H 115 nneur 0s 40 SLINSIMARv MICE SERV1ORG YOUR AMMER Bear. Stearns & Co. Inc. Sea. Sam Soon*. Cap. BEAR 383 Madison Avenue New York. New York 10179 Ore M5V Coape Math Ilroann 11t. Ton 11201.3559 STEARNS FINANCIAL TRUST COMPANY INC a a slArnan.7 PERCO Meth 31. 2007 THROV011 AM 30.2001 A.CCOLRO Nuinia TAXIANSIt Man On Fib Your Portfolio Holdings UST STATIMEWT WW1 30.2007 CASH & CASH EQUIVALENTS WWI 0 00.01MCN DREYFUS CASH SMNAGEMENT-CL A SYMBOL/SSP MD ouramn 17.756.525.04 MIrA 1.0000 YOull 17.756.525 0 PLATIRMONAL SHARES EST. 30 PAY AVG MU/ 5.16130% TOTAL CASH & CASH EQUIVALENTS 517.756.525 11 EQUMES C Equities & Options rn The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the BSC Equity Research Department, The first rating represents the stocks total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 a Outperform; P Peer Perform; U Underperforrn. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as (plows: MO = Market Overweight; MW = Market Weight; MU - Market undenveight. In cases where the BSC rating Is present, tho name of an independent, third-party research provider and their rating may also be &played. where such research IS available. The various providers use different ratings systems and have norrnartze0 them as follows: B = Buy; H = Hold; S — Sell (this may not always correspond aced,/ to the underlying rating system used by each provider or BSC). The ratings information contained herein Is for informational purposes only and is not Intended to provide tax, legal, or investment advice. Bear Stearns is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. r Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at wow henrstriarns rem or can call (800) 517-2327 to request that a copy of this research be sent to them. KO UMW [smarm £SMMRD OVICAPION 511.00uGUSP YYPE °WOW WC( RAM LAMA,. MOW MO nu APPLE INC MPL CASH 220,000 99.8000 21.956.003 85C RATING STOCK 0/SICIOR NM sours AMUCK VIEWPONT RAM* S OTOZSEOCIA19- ANGS BEAR STEARNS COMPANIES INC BSC CASH 130,000 15.5.7000 20.241.000 166,400 04221 CHOCEPOINT NC CPS CASH 100,030 37.9700 3.797,030 027 05010072)7111 001 WOO EFTA01321565 CLIARFO Ti Ymaty aen.ED SUOSIOWW OFFICE SERVICaht YOUR ACCOLRIT Bear. Steams & CO. Inc. Boa.. Stein Swanks Col. BEAR 383 Madison Ammo New York. New Yoe. 10179 0n tarciabl Cerny Naat 1120148n STEARNS FINANCIAL TRUST COMPANY NC STATIIIENT Kam Math 31.2007 natOuOm Pei 30.21:07 Your Portfolio Holdings (continued) AMOLW, Nubian TO:PAYER oiLwaert On Fla LAST STATEIWNT March 30.2007 Equities & Options (continued) ACCT WWII WPM= !SMARM DIISCRPTDII SYWOUCUSIP THE Oman. ma VALUE NAM NON( TNLO Ot) COLGATE PASMOUVE CO CL CASH 66.200 67.7400 3,806.988 80.928 2.1258 850 RAMC: STOCK 0/SECTOR um audatecauA RESEARCH RAW: B DEERFIELD TRMRC CAP CORP DER CASH 462.691 16.1900 7,490,967 777,321 10.3768 ENVIRONMENTAL SOWITONS ESMY CASH 100.000 0.7800 78.000 viC4ILDviiDE NC -n LEHMAN BROTHERS HOLDINGS INC WYNN RESORTS LTD LEN CASH 100,000 75.2800 7.528000 60.000 0.7970 CASH 160,000 102.2100 16.353,600 C NC RATING: STOCK 0/SECTOR MIN WALL STREET STRATEas in RATING: 8 Total Equities& Options 381.251,555 51,084.649 TOTAL EQUITIES 581,251.555 51.084,649 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME 51.084.649 r YOUR PRICEDPORTFOLIOHOLDINGS 599.006.080 ITOZSEOCIA19- ANGS :5.3T/07,0714 Cat I8 IJ IJ EFTA01321566 CLINK° THROUGH ITS Was OWIC° WOW OFFICE SEWING YOUR ACCOUNT Bear. Steams b Co. Inc. Sew Soothes Cap BEAR 383 Madson Memo New York. New Rock 10179 0n Vow" OW Nan° IWO No cd, • .W STEARNS FINANCIAL TRUST COMPANY INC 6 o• StuKtoN POLO° Marth 31. 2007 TNevol Aperd 30.2007 Transaction Detail ACCOLNI WEI INLPAYER POW On Fie INVESTMENT ACTIVITY Orr STATKON Mirth 30.2007 WWII LINX OAK CAR TIPAKACTOI DESISIKOM ONSOUCUSS COW FILE OW MI 'T KW PAW/ 04/24/07 EXCHANGE DEERCIELD TRIARC CAP CORP 244572202 462.691 ACCREDITED *NESIORS EXCHANGE 00132 04/24/07 EXCHANGE DEERGELD TRIARC CAP CORP DER 462,691 (LOUNGE 00129 TOTAL -n MONEY FUND ACTIVITY C DAM in KOOK 03/31/07 ranCAUCN DI!ZRPTOI OPENINGSALANCE SVLOOLNUSIP OUN/Irr 3.775.886.31 PRIA DEW AMOK° CREW At/CCNT 04102/07 BOUGHT DREYFUS CASH MANAGEMENT-et A DICU 2.425.000 1.0000 2.426.000.00 INSTITUTIONAL SNARES 04/02/07 BOUGHT DRUMS CASH MANAGEMENTCL A DICOC 11,503,000 1.0000 11,500,000.00 INSMUTIONAL SNARES r 04/02/07 DINDENO DREYFUS CASH MANAGEMENTCL A INSMUTIONAL SHAMS MONDAY OMDEND DICIIX 57,442.68 04/02/07 REINVEST DREYFUS CASH MANAGEMENT-CL A DICU 57,442.68 57.442.68 INSTITUTIONAL SHARES OMDEND REINVEST 04/26/07 SOLD OPIYFUS CASH MANAGEMENT-CL A oisnivnottn. SHARES DICJOI -43.403.95 1.0000 43.40395 ZIOZSEOCIN9- ANGS 04/27/07 BOUGHT DREYFUS CASH MANAGEMENT-CL A NCO 41.600 1.0000 41,800.00 minnow. AMES OAT OSIO1J0/117:14 001 VOK I8 b.) IJ EFTA01321567 eLEARED laROuem 13 v.wouv avow) 9.090+m OFFICE SERVICING YOUR AccouNT At Suers Seams Cap BEAR Bear, Steams & Co. Inc. 383 Madmen Avenue 0. Wraith Graf Mn itt an T1201.7439 Nee/ York New York 10179 STEARNS FINANCIAL TRUST COMPANY INC 7 ae STATEMENT e*0 Wirth 31.2007 MACAO+ AEA 30, 2007 Transaction Detail (continued) ACCOLIN Mai* TAARANTA tine. On fie MONEY FUND ACTIVITY (continued) NAST STATEMENT LEMON 30.2007 ML MOAT TRANSACTION OISCRPTON SYMICUCUTP OuRinbe Kt( DEMI MAOUT.1 PEAT AMOUIC 04/30(07 CLOSINGBALANCE 17,756,525.04 O TOTAL 5-14.024.042.68 5100.846.63 0 DIVIDENDS z m D40 013cRripti SYWC4/CLISP ousittty FAR ($ Dm MOUNT CREPT MOAT 04/27/07 BEM STEARNS COMPANIES INC BSC '30000 0.3200 41,600.00 REC 04/17/07 PAY 04/27/07 C TOTAL in S41 600 00 z J MISCELLANEOUS an $4000 nemnacism oiscesmo8 at MaW CREDIT AMOUR 04/02/0T JOURNAL FROM 040-51256 125,000.00 r 04/02/07 04/02/07 JOURNAL JOURNAL FROM 037-50075 FROM 040.94084 300,000.00 2.000.000.00 04/26107 JOURNAL 038-660580021-52128 43,403.95 ET RVRS1. 9/30/05 5F31138 TOTAL 5.43.403.95 52.425.000.00 ETOZSE00- 019- ANGS 027 W.01070714 coi Y000 I8 b.) IJ .9- EFTA01321568 CLFMED 15/110U014 138 voicr-Lv °AWED SLOSICIARY OFFICE SERVICING YOUR ACCOUNT eaw. fawns Swots Cap. Bear. Stearns & Co. Inc. BD;12. 383 Madison Avenue New York New York 10179 Cr* /Anna° Cater 11011 Wood" Yew Yon 11201.3859 STURNS FINANCIAL TRUST COMPANY INC a s 878113.1ENT P1500 "WM 31. 2007 T.11108.34 April 30.2007 0.200UVT VuW8C-11 TAXwAYER WaWGER 01 1 Fit Your messages AST STATEMINT Math 30.2007 You are advised to promptly report any inaccuracy or diSaepancy in your account to your broker and Bear. Steams Securities Corp. (tSSC, at the telephone numbers listed on the front of this statement. In order to protect your rights. including any rights under the Securities Investor Protection Act 0 rSIPA'), any such communications should be reconfirmed in writing to your broker and BSSC at the addresses which appear on the front of this z statement. m STOP End of Statement , ci m z H r blOZS£00 IND ANGS 117 05019103. 4 001 V009 90LtZZOO- V1.43 EFTA01321569 CUSSED THROWN ITS cosset CANSO SIASSNARY ONCE SERVICING YOM ACCOUNT a... Sewn Sonnies Cow. Seat. Stearns & Co. Inc. O. 'Meows Crew Noll BEAR 383 Madison Avenue Now York. New Vcri. 0179 ermine. NC York 111014850 STEARNS FINANCIAL TRUST COMPANY INC STATDerr PtS,00 March t. 2001 isitCv0.4 Match 30.2007 PLCC041 MASER IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII TsseAviSt ,a On lie LAST StstrveNT Fettuary 28.1001 FINANCIAL TRUST COMPANY INC CA) AMERICAN YACHT HARBOR 6100 RED HOOK SUTE B-3 QUAETERS #2 ST THOMAS VI 00802-1348 0 -n Pursuant to your previously issued instructions, Bear Stearns Securities Corp, provides duplicate monthly statements and/or transaction confirmations to the third parties listed on the cover page of this statement. If you wish to modify or cease distribution to any of the recipients Indicated, please contact your C Investment Professional. This rerrinder notice fl continue to be provided to you on your quarterly statements. in DiM.P.errd 1 EPSTEIN & CO 457 MADISON AVE 4TH FLOOR NEW YORK NY 10022 r _ STOZSECIO IN9 ANGS 027 03,9161.03,49 COI ‘C011 LOLVZZOO- V.L.43 EFTA01321570 CLEANED Tictoixot ITS vorOELY Ont.E0 SUSSINANy MICE SERVICING YOUR ACCOUNT Sew. Steam Stotts. Cop. Rear. Steams & CO. Inc. BEAR 383 Madison Avenue New York New York 10179 O AmniaON Otror Man Smoot we Yon 11201-38S9 STEARNS FINANCIAL TRUST COMPANY INC INVESTMENT PROFESSIONAL ZICHERMANJRA :Torn/ROT PERTS° Mat , I. 2007 TELEPHONE (212)272.1189 ISIROUGR Mat, 30.2007 ASH 011R MOSHE wiVoi.beatSteamS.COTTI ACCOST.° SurnitR What's In This Statement IIIIFIIIEEEIEIIIIItt.,r171nnnllnrllrllrrll..I.l TAXPAYER RANTER do FA< LAST S- ATELLEAC February 25. 2007 Financial Summary 3 FINANCIAL TRUST COMPANY INC Your Ponta* Holdings 4 CIO AMERICAN YACHT HARBOR Transaction Detal 8 6100 RED HOOK SUTE 8-3 Fund Activity 8 QUAETEFtS #2 ST THOMAS VI 00802-1348 0 Your Messages 8 Z T E I C Your Portfolio at a Glance Market Value of Your Portfolio rn TOTAL VALUE OF SECURITIES TIES PERIOD 76,679.336 Cash 6 Cat:rant ai 2751841 521.645.828 NET CREW BAWICE 11,500.000 EWAN" 576679.335 568.969.673 MONEY TAIRKET FIND BALANCE 3.775.886 ORTerS marker vale NET ROLM m PERM, $91.955,222 - Last statorninfs mania vain r NET MIRY LAST STATEMENT 90.615.501 NANCE SINCE LAST STATEMENT 1.339.721 There are no 'Stop Loss* orders or other pending buy or sell open orders on file for your account. 9TOZSEOCIA19- ANGS — repot aro Sneerer or eatscsin of arms or orrtio, ediard or OrIARROs yor This summary ts for informational Only. It is not intended as a tax document. Sr to Met Wrap of IrE0434-49). or RAW *Cron Sawn st NA. Sirens SocrAlos This statement should be rotai for ow records. See reverse Ade for important LiVormation. Co,. Oro Yolieloch Corer Nn'. brozALSA M.Y. uni-INS 027 0111,07.06:43 col v0011 b.) IJ EFTA01321571 CIJARLO nexcH as Yeriettv Catlin &Annum:a Oar. Store Searens Can. One WroteOn Cane Math &ambit. IO Yon 11201-38S9 RNANCIAL TRUST COMPANY INC 2 co ID z ii STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r LTOZSE00- 019- ANGS 027 0351t7:06:43 COI Wan I S IJ IJ S EFTA01321572 CtFARED TROUGH ITS %HOLLY OnnSD WIIISOWTV OFFICE SERVICING YOUR ACCOUNT ent Stearn Scenes Com Bear. Stearns a Co. Inc. BEAR 383 Madison Avenue New York New Tack 10179 • Ilenelech ceo len &od4. New Tat 11201.1130 STEARNS FINANCIAL TRUST COMPANY INC 3 a.iD STATUE/a MOOS Mann 1.2007 Tnitpnil WW1 30. 2007 ACCCtra µMINER Cash Flow Analysis Income Summary TMPAYL, Wt4190.1 On Fie TO POMO nrs %moo YEAR TO DATE UST STA/TIMMT Navvy 28, 2007 OpeningBalance 50.00 Dividends 92.258.05 323.38130 Credit Balance IM. 0.00 44.54 Mceay Fund 18,054,458.05 Funds Deposited 11,500,000.00 Total $92,258.05 $323,426.28 0 Amount Credited 529.554.456.05 z Securldes BcugM -7,982.200.00 Portfolio Composition -n Mceey Fund Miscalareous -92,258.05 -10.000.000.00 CasIVCash Equivalent Entitles 15.275.886 78.879.338 C Amount Debited $-18 054 458.05 rn Net Cash AaMty 11,500,000.00 Total $91,955,222 z Closing Balance $11 500 OCO 00 • Your Portfolio Allocation r Cash Balance Summary ammo 0.050.6 CaSh Biqa/aka CIA 0.00 11,500,000.00 17% Net Cash Balance $0.00 $11.500,000.00 _ Ecutes B3% 8T0ZS£00 IN 9 ANGS WOW*. Win &hit OW ten. WitY let" awn ...Sas. The sassy ptftettal•” a eon IS MOW*. nand nrSe a wpyrolo CPT 03/3'07C6.0 00I 0I LtZZOO-V.L.43 EFTA01321573 CLEARED ThROUCH ne ware *MCI ituniDultY OFFICE SERVICING EOM ACCOUNT Sear, Stearns & Co. Inc. W. Ann Swans Cop BEAR 383 Madison Avenue New York. New York 10179 Coa Metrorscri Crow MIN 8r000" Vat 112014•50 STEARNS FINANCIAL TRUST COmPANY INC 4 4..o sTAITWNT PER$C0 March 1.2007 4e0v3H North 30.2007 MVO Pa sterna tAxPAYDR ',LASER Di Me Your Portfolio Holdings LOT STATELVNT NM." 28.2007 CASH & CASH EQUIVALENTS INAINT DESCRIPTOR SYNIOUOMI dWDIIY MME Mut CASH BALANCE 11,500,000 0 DREYFUS CASH MANAGEMENT-CI- A 0811TURONAL SNARES EST. 30 DAY AVG YELO 5 1700% OICU 3.775.888.31 1.0000 3.775.886 -n TOTAL CASH & CASH EQUIVALENTS 515.275.886 C EQUMES rn Equities & Options The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the stocks total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 = Outperform; P xi Peer Perform; U iii Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market Sex. The key for the sector rating is as follows: MO Market Overweight; lAW ix Market Weight; MU - Market underweight. In cases where the BSC rating is present, the name of an independent. third-party research provider and their rating may also be cksplayed, where such research is available. The various providers use different ratings systems and have normalized them as follows: B - Buy; H - Hold: S — Set (this may not always correspond directly to the underlying rating system used by each provider or BSC). The ratings information contained herein is for informational purposes only and is not intended r to provide tax, legal. or investment advice. Bear Steams is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not avaIable due to legal reasons. Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at mamee_beatstaaniscom or can call (800) 517-2327 to request that a copy of this research be sent to them. ACCI MARKET ESIWATID ESTDM/ED DESCRIPI1ON STIMULUS, ilif OWN111, PRICE VALUE YAWL DCCUE 1110 (19 APPLE INC AAP1. CASH 220.000 92.9100 20.440.200 6TOZS£O0 IN9 ANDS BSC RATING: STOCK 0/SECTOR LW BOYARS ALTERNATTVE VIEWPOINT RAMC: S SEAR STEARNS COMPANIES INC BSC CASH 130.000 150.3500 19.545.500 166,400 0.8513 027 0111Oros 43 001 VOW I I LtZZOO-V.L.43 EFTA01321574 elfAeon T5401..Cm rts ATIOU.Y OWED 3983/01513( OFFICE SERVICING YOUR ACCOUNT Bow. Stearns & Co. Inc. DNA Sens Swat Cap. BUR 383 Madison Aw•nun IS CRT 165714ali CArts NRTh Male'. Nes Tot 11201.1959 STEARNS V . I D179 FINANCIAL TRUST COMPANY INC 5 or io STATIDAINT .moo Mirth 1.2007 iHRousit With 30.2007 Your Portfolio Holdings (Continued) Arr0.1157 MASA TAXPAYER PILAW On Fie LAST STAYDADIT Felyuary 28. 2007 Equities & Options (continued) ACCT Nan, [SWARD UNWED DESCRIPTION 10.110UONA. rot COMM PRICE VMO( *ma MOOSE MO la CISOICEPOINT INC CPS CASH 100,000 37.4300 3.743.000 COLGATE PALMOLIVE CO a. CASH 56.200 66.7900 3.753.596 10.928 2.1560 0 BSC RATIN& STOCK 0/SECTOR MIN BUCKINGHAM RESEARCH RATING: MEMEL° TRIARC CAP CORP 244572202 CASH 462.691 14.9900 6,935.738 ACCRUE= INVESTORS ii ENVIRONMENTAL SOLUTIONS v•CALCIPACC NC ESVAV CASH 100,000 0.7670 76.700 C LEHMAN BROTHERS HOLDINGS INC UDI CASH 100.000 70.0700 7,007,000 60.000 0.8563 in 850 RATING: STOCK P/SECTOR MN sown AtTERNATM VIEWPCINT RATING B W094 RESORTS LTO CASH 160.000 94.8600 15.177,6 1:0 BSC tom STOCK 0/SECTOR MY WALL STRUT S1RATEGES RAM* B Total Equities& Options $76.679,336 5307.328 TOTAL EQUITIES $78.879.336 5307.328 r YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME 5307.328 YOUR PRICEDPORTFOLIONOLDINGS 591 955.222 OZOZSE00-019-ANGS 027 01111.0108:41 031 YC011 rn 8 b.) V.) 10 EFTA01321575 CLE.19180 wean., as na,OLY Om.a) SueS101.0191 OFFICE SCRIACAt YOUR ACCOINT Dee. Starers Sw.u9set Cup. Bear. Steams A Co. Inc. BEAR 383 Madison Avarua New Ycrl. 10179 One MIMS% Cert. Na?, snow. TN. Yon 11201.3859 STEARNS New Y FINANCIAL TRUST COMPANY INC 6c: STATDMINT moo With 1. 2007 19.183uCal Minh 30.2007 Transaction Detail heavy 141..weER TAYPA903 KAMM On r INVESTMENT ACTIVITY LAST STAttia.IT 'stow, 26.2007 5.217.0oFJO MCC DAIS an tRinSiclox 1:4561211311 SVPASOLCUW OULVTITY MCI ECM 3.1431.11.7 OK Off AI.C.upa 03/01/07 02/26/07 BOUGHT LEHMAN BROTHERS HOLDINGS INC LEH 100.000 79.56200 7,982,200.00 MonXIMED TOTAL 5-7.982.2C0.00 DEPOSITS AND WITHDRAWALS -n OMI 03/30/07 19.4.4.C11311 FUNOS REC OF SOME, ENOSWIRED TO CMBANK FROM EN nn 0.10010 MECO SWIM 11.500.000.00 CS LLC FINE BROKER $077099196.F01 in TOTAL 511.500.000.03 MONEY FUND ACTIVITY Drt 1/0DAY nermsarnoot CE85-11.121/311 811.001.11.13111 CILIUM 811182 CRECI2 MORO 03/01/07 OPENINGBALANCE 21.646.828.28 r 03/01/07 SOLD DREYFUS CASH MANAGEMENTCL A DICOC -7.962,200 1.0000 7.962.200.00 INSYMPONAL SHIMS 03/01/07 DIVIDEND DREYFUS CASH MANAGEMENTCL A (NCO( 92.258.05 INSTITUTIONAL SNOWS MONINLY DIVICEND TZOZSE00- 019- ANGS 03/01107 RONVEST DREYFUS CASH MANAGEMENTCL A OICU 92.258.06 92.258.05 INSTBUTIONAL SNARES DMMAO REINvEST 03/3007 SOW OREYFUS CASH MANAGEMENTCL A DICC( .10.000.000 1.0000 10.000.000.00 pasnivnom. SUMS 027 0341/07306t1 COI r71 8 IJ IJ EFTA01321576 CLEM° 1140:2LCH ITS ?MOLLY 01040 SUSSOVAY OFFICE SERVICING YOUR ACCOUNT Beir. SWIM Ut&Ski C.A. Bear. Stearns & Co. Inc. BEAR 383 Madsen Avenue New York, New York 10179 Ore Meta Orem North DICOOp. ay Yak 11231.3832 STEARNS FINANCIAL TRUST COMPANY INC 7 olio NTATrurvT Yy-ROD TARO 1.2007 714401.15M March 30. 2007 Transaction Detail (continued) ACCO2•1 HAMS TAAPAYEA MAWR On Fie MONEY FUND ACTIVITY eironeed) LAS 378- tutvt Febtary 28. 2007 0.23 PACYDAY 22.116ACIThil OESOW801. SYU801./CUSZI CATTNITN Tect IXBII 088.18" CRE011 AVCtM 03/30:07 CLOSINGBALANCE 3.775.886.31 TOTAL 5.92,258.05 518,054,458.05 0 MISCELLANEOUS z m DATE ,A0,3AY 280iSACTON DESC8031:81 COO MOM CAECA! Amu.° 03/30107 JOURNAL T0038-28825 10,000,000.00 C TOTAL S-10.000.003.00 in z -H r _ ZZOZS£00 IN9 ANGS 027 0313101:CCU 031 KENT t I LtiZOO- V.L43 EFTA01321577 CLEARED 1100021 1114 *UMW OWNED SULOIXAAT OFFICE SERvICING YOUR ACCOUNT Doc Son StOsees Cap. Beet. Steams & Co. Inc. B&112 383 Madeon Avenue N 0,4 10179 0.* Wearer. Caw Ian Ikaalr Para at 20131159 STDc‘RNS FINANCIAL TRUST COMPANY INC 8 Miner e/Ifi,00 March 1.2037 TH1100814 March 30. 2007 AOCOux7 Wien 7.430vta Watt Your messages LAST STATS/CHT February 28. 2007 Bear. Steams Securities Corp. Net Capital and Net Capital Requirements: LW' SPECIAL NOTICE FOR MARGIN CUSTOMERS At November 30. 2006 and January 31. 2007. the Company's net capital of If you are a customer with a margin account, you consent to Bear Steams's apfxodnutety 54.0 billion and $4.0 billion was approximately 6.8% and 6.7% right to use, lend or pledge any securities held by Bear Steams in your margin 0 of aggregate debit items and exceeded the minimum regulatory net capital requirement of approirimately $1.2 billion and 51.2 billion by approximately 52.8 billion and 52.8 billion, all respectively. account, In certain circumstances, such loans or other use may limit, in whole or in part, your ability to receive dividends directly from the issuing company and/or your right to exercise voting and other attendant rights of ownership z with respect to the loaned, sold or pledged securities. Such circumstances m A complete copy of the Bear. Steams Securities Corp. Statement of Financial Condition is available on the web site www.bearsteams.corn. Alternatively. to request a free printed copy please call - toll free 1-866-299-9331, include, but are not limited to, loans of securities that you own in your margin account that continue over record dates for voting purposes and ex-dividend dates for dividend distributions. If you do not receive dividends directly from C the issuing company. you may receive payments-in-lieu of dividends which m could cause you to lose the benefit of the preferential tax treatment accorded to dividends. z CaT You are advised to prompUy report any inaccuracy or discrepancy in your account to your broker and Bear, Steams Securities Corp. CBSSC1 at the NOTICE OF CHANGE PURSUANT TO TRUTH-IN-LENDING SEC RULE 10b-16 H telephone numbers listed on the front of this statement. In order to protect The purpose of this notice is to advise you of certain changes it the manner in your rights, including any rights under the Securities Investor Protection Act which interest will be charged on any U.S. dollar-denominated credit extended (-SIPA". any such communications should be reconfirmed in writing to your to you by Bear. Steams Securities Corp. (BSSC') for the purpose of r broker and BSSC at the addresses with appear on the front of this statement. pi/chasing, carrying or trading in any security. Interest will continue to be based on either the BSSC Margin Basis Rate, or a London Interbank Offered Rate ('LIBOR') as specified in the chart below, The BSSC Margin Basis Rate will be quoted each business day by BSSC at our main office in New York. Factors affecting the detect:laden of the BSSC Margin Basis Rate will include the short-term market interest rates quoted by money center banks and the Federal Reserve and the rate that BSSC is charged for borrowing money. EZOZSE00- 119- ANOS 027 003101.06:41 011 5003 EFTA01321578 CiPAEO 9.19093.1 r18 11/90.1.Y ONHO SLIISIOway OFFICE sizewarc YOUR ACCOUNT Bay. Stun swain Coy Bear. Steams & Co. Inc. BEAR 383 medison Avenue New York, New York 10179 Orw Menraicet en 1tot. Brooll" Vow Yon 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC STATE120.1 1101,00 Mimi 1.2007 IAROuG4 MarCh 30. 2007 ACC09.49 PANDER wowrot Kamm On rile LIST 'TAMMY Feenswy 28. 2007 Effective no earlier than thirty (30) days from your receipt of this statement: 2. Interest may be charged to your account at varying rates during the month to reflect any changes In such interest rates that have occurred during the (-I 1. The annual rate of interest charged to you on U.S. dollar-denominated credit wilt not exceed the specified percentage over the applicable rate, as month as well as any changes in the applicable rate caused by a change In the size of your debit balance. 0 indicated in the following chart: Tither %ye Range. Index SW*Rig In Inca. 3. The rate of interest charged to you on any credit extended to you in a currency other than U.S. dollars shall continue to be based on either (i) a LIBOR, as such rate is compiled by the British Bankers Association and m Up to 5499,999 $500,000 - 5999,999 $1,000,000 • 52,499.999 Margin Basis Margin Basis Margin Basis + 3,000% + 2.000% + 1.500% published on Bloomberg or Reuters, or (a) any other rate quoted by Reuters that is applicable to the currencyin which the obligation is denominated or. if a rate for such currency is not quoted by Reuters. the rate provided by Bear $2,500,000 - 54.999.999 LIBOR + 3.000% Steams Securities' local bank. In either case. the annual rate of interest on ci m $5,000,000 • 59,999,999 510.000.000 and above LIBOR LIBOR + 2.250% 1,750% such non-U.S. dollar denominated debit will continue to not exceed 5% above either a LIBOR, any rate quoted by Reuters or the rate provided by Bear Steams Securities' local bank, and will appear on your monthly statements. Debits in currencies other than U.S. dollars will not be taken into account in The actual rate charged to you at any given time will be notified to you on computing the debit size for purposes of determining the applicable interest request and the amount charged to you will appear on your monthly H rate. The rate corresponding to the debit size range in which your U.S. dollar statements. denominated debit falls will apply to the entire amount of your U.S. dolor denominated debit. The actual rate charged to you at any given time will be 4. Unless otherwise agreed, the BSSC Fed Funds Rate wit no longer be an r notified to you on request, and the amount charged to you wil appear on your montray statemen's. available option for computing interest. VZOZS£00 ND ANUS 971 01919/9643 001 19011 9ILtZZOOV133 EFTA01321579 CLEARED THFIVJGel rs Yel"0.1.Y OAK° Sultacwry OFFICE SERvklue YOUR ACCCUNT taw Stant Sons Caw Bar. Stearns & Co. Inc. BEAR 383 Madison Avenue New York. New York 10179 Cort menewm Cann wets ev41~n. Nn WO 11201.1859 STEARNS NCIAL TRUST COMPANY INC FINA '0 sTAITWNT 989200 mirth 1,2007 maci.eri march 30.2007 ACCOurer •Lneeti TAx8svf9 main On Ile LAST STAGIFICNT retruary 28.2007 If BSSC makes charges in any of the credit terms and conditions described herein or if a change is required by law, we will notify you of such change within a reasonable period of time, unless such change results In the same or a higher rate to you, In which case we will provide you at least 30 days' Kix written notice. The annual rate of interest you are charged may fluctuate with O changes in the BSSC Margin Basis Rate, a LIBOR, any of the rates quoted by Reuters or the rate provided by BSSCs local bank, the changes in rates resulting from this fluctuation will be made without prior notice to you (as contrasted with changes in the credit terms and conditions, notice of which will m be provided as described above). C The Tnith.in-Lending disclosure previously provided to you shall continue to rn apply except as specifically noted above. STOP End of Statement r _ SZOZ SEGO IN9 ANGS 021 01,3/07.06.43 001 Ws' LI LtZZOO-V.L.43 EFTA01321580 CLEARED isItOWst rts vs4OLLY Cont0 SuaSOwer CfnCE SERVICING YOUR ACCOUNT Sta• Stars &swots Co. Bear. Stearns & Co. Inc. BEAR 383 Madison MIMI* One Women, Cats Noah &mon New Yo111201WS% STEARNS Now York. Now To* 10179 FINANCIAL TRUST COMPANY WC INVESTMENT PROFESSIONAL ZICHERIAAN.IRA SeAltheiT MOOD Fara/try 1.2007 TELEPHONE (212)272-4189 TWeal004 Feteuary 28.2007 MR OUR WE8MTE waw.tearsteams.com A:00We WASS What's In This Statement III...II...I.,I.II,,,,, WPAYER na..n On Flo Ls9T assreste January 31.2007 Financial Summary 3 FINANCIAL TRUST COMPANY INC Your Portfolio Holdings 4 C/O AMERICAN YACHT HARBOR Transaction Detail 6 6100 RED HOOK SUTE 8-3 Fund Activity 6 QUAETERS #2 Trades Not Yet Settled 8 ST THOMAS Vi 00802-1348 -n C Your Portfolio at a Glance Market Value of Your Portfolio rn TOTAL VALUE OF SECURMES THIS PERIOD 69.969.673 Cash & F4401E-I $21 6t.S.828 532.111,140 MONEY MARKET FUND &MANCE 21.645.828 358 969.673 565.083,900 NET MITT THIS PERIOD S90.615.501 Current market vala NET EQUITY LAST STATEMENT 97.195.040 ISM 1leleelleflre Menet U e r CHANGE SINCE LAST STATEMENT -6479.539 There are no 'Stop toss' orders or other pending buy or sell open orders on file for your account. 9ZOZSEOCIAI9- ANCIS Si ow sewnbtr Mannronel Remo Wes Wry 4.1resst co net-maw Of eon a stsces. remiss to detains ea yes WPM% Offs DSledeneed II sta. manses le CNN Seesaw s1 Maslen. R oleo ea Ord Sawn s• .a Saws Honks Tat SeltesnintA0.10bOttlateefetyees MOMS Sot Mans ode S r- parts1 1,071,3304 Can. One Sletelech Cord NW% Says 20 Wee 027 0101,07.0S1 001 '1006 m I S IJ IJ EFTA01321581 CLL4.10 TIROVOR RS VMOLLY DSUSSOVRY Ow. SWS Senniss ens Ors I/0MM Cr(u MOT OsoOr. tin Tolt 11301.3.19 FINANCIAL. TRUST COMPANY INC 2 a9 0 0 STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r _ LZOZSECIO IN9 ANGS 027 slotto7,05 17 001 6 I LtiZOO- V.L43 EFTA01321582 CLFARE0 TI410.1014 ITS VolCaLY OMC SmayectIty orra SERVICING YOUR ACCOUNT Bur. Ream Seonles Gyp. Bear. Steams & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 One Metroxch Coca Mot Brook," MTh Yon 11201.3859 SIMMS FINANCIAL TRUST COMPANY INC 3 as simnaNT PlidC0 Fettuary 1.2007 macual, Statuary M. 2007 ACCCusi muitialt Cash Flow Analysis Income Summary The Ax Yoe MAC Ora* 114S POMO WM MOM v.ST STATiveNT January 31.2007 OponingBalanco 5194,330.22 Divdends 189,523.69 231.123.69 Credit Balance Int 44.54 44.54 Money Fund 10.632.044.93 Total 5189.568.23 5231.188.23 Divalencisithuvest 18.028.54 0 Amount credited 510.650.073.47 z Securtiss Bought -8.654.880.00 Portfolio Composition -n Money Fund Funds Withdrawn -189.523.69 4.000.000.03 Cash/Cash Equivalent Equities 21.645.828 68.969.673 C Amount Debited 5-10.844.403.69 in Net Cash Activity -194.330.22 Total 590 615 501 z Closin9Balance 50.00 Your Portfolio Allocation r Cash Balance Summary &thaw douse Cash 194.330.22 0.00 Net Cash Balance 5194.330.22 50.00 KOZSEOCIA19- ANGS UM .MC Dyisre Ote,4* Ow) Yu.. 'fate ie." 11.404 nerp. Ti. eaten- pettseago tagal fits ire 00.04.4e NMI .76.e of flu , pal.p.o 027 01010/ es u 001 V)06 I8 b.) IJ IJ EFTA01321583 CLAMED natOuroi TwOu.v OwAED Sula0wrE OFFCE SERvICEJG YOUR ACCOUNT Oar. San Smite. Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Yak New York 10179 Or Msoteal Won NOM enxildr. New net 11201.3./49. STEARNS FINANCIAL TRUST COMPANY INC 4 v s Annaba nymo retruery 1.2007 limaxot ;dowry 28. 2007 ACCOUNT KrultER TAXPAYER m.buliEET 0.,Ike Your Portfolio Holdings LAST STATEMENT January 31.2007 CASH & CASH EQUIVALENTS Wan: ES11141.1110 1311VATED DESCAPIION $11.4101JCVS11 CWAlln VOLE wium. INCOVE nno ne C) DREYFUS CASH MANAGEMENDCL A DICXX 21 645,828 26 1.0000 21.645.828 1147,229 5.3000 INSTRUT1ONAL SHARES EST, 30 DAY AVG Ma 5.1700% TOTAL CASH & CASH EQUIVALENTS 521.645.828 51.147.229 -n EQUITIES C Equities & Options in The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as fellows: 0 = Outperform; P — Peer Perform; U = Underperfcrm. The second rating represents the rating of the coverage universe relative to the regional broader market Index. The key for the sector rating is as follows: MO — Market Overweight kW/ - Market Weight MU . Market underweight. In cases where the BSC rating is present. the name of an independent. third-party research provider and their rating may also be displayed. where such research Is evadable. The various providers use different ratings systems and have normalized them as tams: 8 - Buy: H — Hold; S Sell (this may not atways correspond directly to the underlying rating system used by each provider or BSC), The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal, or investment advice, Bear Steams is neither soliciting any action based on such information, nor endorsing any recommendation Of opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. r Independent. third-party research on certain companies covered by the FirmS research is available to customers of Bear Steams at no cost. Customers can access this research at wynyhearsteams.com or can call (800) 517.2327 to request that a copy of this research be sent to them. ACCT wag? ESTIMATED (STINTED OESCROMA 511.13a.CWIA nTh OLIANITY PRICI VALE AMPS VOA YEW rg APPLE INC AAPL CASH 220,000 84.6100 18,614,200 BSC RAnNG: STOCK OISECTOR Mw BOYARS ALTERNATIVE VIEWPGIM RATI4G: 5 6ZOZSEOCIA19- ANGS BEAR STEARNS COMPANIES INC BSC CASH 130,000 162.2400 19,701,200 18&400 0.8408 CHOCEPCINT INC CPS CASH 100.000 38.8800 3.88&000 027 03201107:0017 001 VX4 rn I S IJ IJ .0- IJ EFTA01321584 =ARID INROuCen Dj 'MOLLY One41:2 SUISVARY OFFICE SERVICING YOUR ACCOUNT Bear. Steams A Co. Inc. our SmArrn Senates On BEAR 383 Mediate Avenue Ov Vetroloch Unite We &OW'. Mr. VW, 11201.3860 ri ers SIOrk 10179 STEARNS FINANCIAL TRUST COMPANY INC 5 e STATUE/0' Pek00 I *Diary 1.2007 ney..CH February 28.2007 Your Portfolio Holdings (Continued) ACCenner %week TAXPAYER WAR( On re LAST STATTRAT January 31. 2007 Equities & Options (continued) 'at /ARMES ESTWATID ESTIMATED DESCRIPTION SvinDOLCUSP 'Mg WART PACE vAlUE RONAL WOVE ORD RI COLGATE PALMOLIVE CO a CASH 56.200 67.3600 3.785.632 71.936 1.9002 LTSC RATING: STOCK 0/SECTGA PAW BOCKIVGNAM RESEARCH RATING: Et DEERFIELD TRIARC CAP CORP 244572202 CASH 462.691 15.4000 7.125.441 ACCREDITED INVESTORS ENVIRONMENTAL SOLUTIONS ESININ CASH 100.000 0.8200 82.000 -n voulaviDE TC WYNN RESORTS LTD WYNN CASH 160.000 98.0200 15.683.200 BSC RATING: STOCK WSECTOR Lam C WALL STREET STRATEGIES in RATING: B Total Equities& Options TOTAL EOUMES 569.969.673 669.969.673 5238.336 5238.336 YOUR PORTFOLIONOLDINGSESTIMATED ANNUAL INCOME 57.385.565 r YCUR PRICED PCRITCLIOHOLDI`iGS 599615.501 OEOZSEOCIA19- ANGS ISOIRT0S:11 001 vsse EFTA01321585 CLIWO TUROUGH ITS amours OWNED Suelaryry OFFICE SERVICING YOUR ACCOUNT Boar. Steams & Co. Inc. Res. San Servais Cap. BEAR 383 Madison Avenue Oro leraveryth Grey Nana &Wen New cry 20 3859 STEARNS New Yak. New York 10179 FINANCIAL TRUST COMPANY INC 6 de STATtucui e75= February 1.2007 iiretOucat February 28. 2007 Transaction Detail ACCOUrrt re.areari YAJCIAVVI Rumba On FAA INVESTMENT ACTIVITY LAST STATEMENT inory 31.21;07 Sernirvir TM( DA I OATS reareSACION CESCitifelPI PIANDUCtISP Weary Plea ow, MOW MOO *KW 02:01/07 01/29.107 BOUGHT APPLE INC AAPI 100.000 86.54880 8.654.880.00 WITH RIGHTS TO PURCHASE COTAHON SIX OUNGEITEDRCERTAIN CIRCUMSTANCE AVG PMCE SHOWN-DETAILS ON KO WE LUXE A MKT Pi THIS SECURITY UNIT PRICE 86 488800 TOTAL S-8454.880.30 -n DEPOSITS AND WITHDRAWALS C in OATS 02/22707 MAArlACIO4 FND WIRED COMIPIRN MOMF/A8381050ENDSWIRED TO JINACOGAN DOSE BANK NA AC739110438 FD•05189 CCM AMOR 1.000.000.03 (REM AMXta 02(27/07 FND WIRED KIDA.1.18384452ENDSWIRED TO 1,000,000.00 IPTIORGAR CHASE BANK. NA AC739-110438 FD*05128 TOTAL S-2.000.000.00 r MONEY FUND ACTIVITY OATS loODAY nturssaws 01:931P5011 50.00.0.51P OLVoiTITv PNCE Ma AMIN CADET &Wort 02/01/07 OPENINGBALANCE 31.916.809.81 TEOZSEOCIA19- ANGS 02/01/07 SOLD DREYFUS CASH MANAGEMENT-CI A DOI -8.460.549.78 1.0000 8.460.549.78 INSTITURONAL SNARES 091 010051.01:17 501 V005 I8 IJ U.) IJ EFTA01321586 CLeaeo moan. ITS v.1.10L1 (nye Suaeacoxf OFFICE SERVICING YOUR ACCOUNT ea. %UM SOSIbtl C07. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Yak. Now York 10179 Ow WO Bch CNMI 1.13-0 booth,. kw ran 112014869 STEARNS FINANCIAL TRUST COMPANY INC 7 ore owner PSFeCO February 1. 2007 na01.01 leteury 28.2007 Transaction Detail (continued) abtOuTT swan TaxPartit 14.1.0iR On rule MONEY FUND ACTIVITY (continued) UST VaTEliewl 1/Isaby 31. 2007 DEE 1•10AT 111001941/011 DESCRPTCH SISIKU211310 OaNTOY MX Otail &WOW CRIOrt A0.000111 02/01/07 OMDEND OREYFUS CASH MANAGEMENT-CL A ENDO( 171.539.69 PISMIMONAL SNARES MONTHLY DMDEND 02/01/07 REINVEST DREYFUS CASH MANAGEMENT-CL A DICXX 171.539.89 171e39.89 INSTITUTIONAL SHARES DIVCEND REINVEST 02/15/07 BOUGHT DREYFUS CASH MANAGOADITCL A DI ON 17.984 1.0000 17.984.00 -n 02/22/07 SOW IHSTinntino SHARES DREYFUS CASH MANAGEMENT-CL A INSTITUTKiNAL SNARES DM& -999.955.45 1.0000 999.955.48 C 02/27/07 SOW DREYFUS CASH MANAGEMENT-CL A DION -1.000,000 1.0000 rn 1.000.000.03 NSITTLMONAL SNARES z J 02/28/07 TOTAL CLOSINGBAIANCE 21.645.828.26 5.189.523.69 510.632.044.93 DMDENDS r DATE COMPTON 5, 113ClICL,SP Ou1.1011, WI 01 DEW AMOUST CUNT AWN! 02/15/07 COLGATE PALMOUVE CO Cl 56.200 0.3200 17,984.00 REC 01/26/01 PAY 02115/07 TOTAL S17.984 00 ZEOZSE00- 019- ANGS 077 1101020.117 071 8 IJ IJ EFTA01321587 CLEARED THROUGH ITS %%Ow( 0/04D SugURARY OTTCE SERVICNG YOUR ACCOUNT Dar Sues Diane Cap. Bear. Steams & Co. Inc. BEAR 383 Madison Avenue New Ted, New Tort 10179 0nro lAwouth Cate NOM beat'. New crk STEARNS FINANCIAL TRUST COMPANY INC 8 a ti STATEuEsa Pelt* Eebtary 1.2007 THROJOH febnary 2E( 2007 Transaction Detail (continued) ACCOUNT 1/31.1.111 TAWAvIn NLVIICR On EEO INTEREST LAST STATEWie larualy 31.2037 DAR cescienew WARM! PAR CA eN ADOURT (SECO AVOURT 02/21/07 MEREST ON CREDIT BALANCE 44.54 ACCT 038-86056 AT 04.12500% 01/21 • 02120 TOTAL 544.54 O -n Trades Executed Pending Settlement C rn SEITUEVENT DATE 03/01107 TMCE DATE 02,26107 TEMSACT)0.1 BOUGHT CESCESION LEHMAN BROTHERS HOLDINGS INC SRADOLOSP LEH Ouowmv 103.000.00 KEE 79.5620 DEW MOUNT 7.962.200.00 CREW MIXER UNSOLICITED TOTAL 57.962.200.00 S0.00 Rs den it., *)-0 a:put I. In, ern tido, 0 Ill{ Onrnein r End of Statement EEOZSEOCIA19- ANGS 03/0/ 07.05 17 CO1 \OOS I8 b.) IJ IJ EFTA01321588 CLOMP TrotOLGot tv WOCU.Y 000.0 SAMOAN( COVE SERVICING YOUR ACCOUNT Bea. San Sou la Cap Beer. Stearns & Co. Inc. BEAR 383 Madison Menu° pa lataotedi Care tara laaafpl Nefi Pak 1‘20t-3109 STEARNS New York. New Yak 10179 FINANCIAL TRUST COMPANY INC INESTMENT PROFESSONAL ZICHERMAN.IIM STATEwFNT AMC* December 30. 2006 TELEPHONE (2121272-4189 nstovON January 31.2607 VISIT OUR WEBSITE waw.bearsteams.com AC,COUta AMNIA What's In This Statement 111111111111111r11..... TAXPAYER MAIM On FM LAST STATMAT December 29.2006 FalanCial Summary 3 FINANCIAL TRUST COMPANY INC Your Portfolio Holdings 4 CIO AMERICAN YACHT HARBOR Transaction Detail 6 6100 RED HOOK SUTE B-3 0 Fund Activity Trades Not Yet Settled 6 8 QUAVERS 02 ST THOMAS VI 00802-1348 0 Z T E I C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL VALUE OF SECURITIES THIS PERIOD 65.083.900 Cash & Equiwilere 532,111.140 526.289.268 NET CREW BALANCE 194,330 amides 565.083.9,20 561.865.047 MONEY MARKET FUND BALANCE 31.916.810 11. Current mentet vat NET EQUITY T1l PERIOD $97,195,040 Last SISCOMOCKS MOAN value r MI NET EQUITY LAST STATEMENT 88,154.315 CHANGE SeLCE LAST STATEMENT 9,040,725 There are no 'Stop Loss' orders or other pending buy a sell open orders on file for your account. PEOZSE00- 019- ANGS Pam awl ry erne. or ratAtcoat d 'pax P nra.. Anted a coast to pa. to Cka Simon at 103444, 401, toe Iota ot Otero SeMon a sew Sion Swarron TA, Arany a lb Ifortnoteal pat110104 011V I it ntl al1A010 n. Od%Tiwf. atern•N 9999 te waned Ow 99.r Roses. Set nom* wee Iv ennui Orem Cora. ate unto.. Cent. 14an. OcattrAt rv v. 1120143N 021 07,01131 CO 10 001 NJM ITT 8 IJ IJ IJ 0 .• EFTA01321589 CLEARED 7100038 ITS .,,CLL. OA,a1.13 SIANDVAY Bev. Stan Sleuth Cop. o. PMt Nets ISV, OrtoOrt Sty YOrk 11201480 FINANCIAL TRUST COMPANY INC O -n STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r SEOZSEOCIN9- ANGS 027 02,0107.06 16 0:31 VON EFTA01321590 CAMEO 11440UOM ms YYNCUY MUM 801*C4ARY OFFCE SERVICING YOUR ACCOUNT Bear. Steams 6 Co. Mc. ear ken sins cap. BEAR 383 Madson Avenue agar 10179 one altadeCa Cad WC111 Mat Yart 11201.3859 STEARNS FINANCIAL TRUST COMPANY INC Sae STA`041.7 nf800 Ottembr 30.2006 rmitOJC01 Jiruacy 31.2007 ACOCIAT %NKR - Cash Flow Analysis Income Summary TA, PAYER .11,11801 On 611* rats ottmo /MS KRICK, \FAA 10 (Alt :AST nrnArre Deceenbee 29.2306 OpeningBalance 50.00 Di/Mends 41.800.00 41.600.00 Money Fund 10,160941.35 Total 141.800 CO $41,600.00 Funds Deposited 15.000000.00 Dindendsanterest 235,930.22 Mistelarecus 425,000.00 Portfolio Composition z Amount Credited $25.821,871.57 Cash/Cash Equivalent 32.111.140 -n Money Fund -15,627,541.35 Equ ties 65.083.900 Total C Miscellaneous -10,000,000.00 $97,195.040 in Amount Debited $-25.827.541.35 z Net Cash ActMty 194,330.22 ClosingBalance $194,330.22 Your Portfolio Allocation r Cash Balance Summary mt.; ohmic Cash 0.00 194.330.22 Cash 4 Equuale 34% Nat CasnBoleros $0.00 5194.330.22 9EOZSE00- 019- ANGS Etiuces 66% Lumvaaed panara order bat Wats rob aye, mad liana. The .secs rennage 040.1 Pan, at deckle "Wen ne.wm d pow mid* 027 C001107:06 16 CO1 1034 I8 IJ IJ IJ 00 EFTA01321591 CLEARED THROUGH MS ARMILY 0704te answer OFFICE SERVICING YOUR ACCOUNT Sr. Sum" ~in Cap Bear. Steams a Co. Inc. BEAR 383 Madison Avenue New Perk. New York 10179 Ore ME7tetma Owl« 747017 1170:107N Rea Ye« 112014659 STEARNS FINANCIAL TRUST COMPANY ANC 4 ae slAremela PtRCO December 30.2006 THRMAR. ;maw 31.2007 ACCOLNT ~AMR TAIMARER ~Mee On file tAST stAreveyr December 29.2006 Your Portfolio Holdings CASH & CASH EQUIVALENTS WSW POSTAMTU) tmtvATED Desurwriair SYMBOLCUSIP owwnw vALLE Axiwi.0 «ORE YIELD OR CASH BALANCE 194.330 0 DREWUS CASH MANAGEMENT-CL A INSTITUTIONAL SIULRES EST. 30 DAY AVG YIELD 5.1600% DICJO 31.916.809.81 1.0000 31.916,810 1,691.591 5.3000 -n TOTAL CASH 8. CASH EQUIVALENTS 532.111.140 51.691.591 EQUITIES rn Equities & Options The research ratings for Bear Steams (8SC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the stock's total retum relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 = Outperform; P = Peer Perform; U - Ureerperfcrm. The second rating represents Me rating er the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight; MW Market Weight: MU = Market undenveight In cases where the BSC rating is present, the name of an independent. third.party research provider and their rating may also be displayed. where such research is available. The various providers use different ratings systems and have normalized them as follows: B = Buy; H = Hold; S = Sell (this may not always correspond directly to the underlying rating system used by each provider or BSC). The ratings information contained herein is for Informational purposes only and is not intended r to provide tax, legal, or investment advice. Bear Stearns is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons, Independent, third-party research on certain companies covered by the rum's research is available to customers of Bear Stearns at no cost. Customers can access this research at wiwz.bearsteams.com or can call (800) 517-2327 to request that a copy of this research be sent to them. ACC, WAAL] ESTIVARD (SWAM) DESCRIMMR. SYMI131XURP IRK ~MR PRICE VALUE MECUM. INCOME MD APPLE INC &4P1. CASH 120.000 85.7300 10,287,600 LEOZSE00- IA19- ANGS OW RATING: STOCK OrSECTOR MW BOYARS ALTERNATIVE VIEWPOINT RATING: BEAR STEARNS COMPANIES INC BSC CASH 130.000 164.8503 21.430.500 166.400 0.7765 077 0207/07:06 16 1701 11304 rn i 8 IJ IJ IJ LI70 EFTA01321592 CLitutiO TisROLSos ITS IAAICALV 04/AsEla Sumo -oar CATICE SERVICING 'TOUR ACCOUNT Best Steams & Co. Inc. Bus. Sawn Losses Cars BEAR 383 Madison Memo New Y New York 10179 Me idasetsch Cams urn Orscltr. Peen Yea 11201.1tS0 STEARNS FINANCIAL TRUST COMPANY INC 5 et S STATES/ENS WACO Decanter 30.2006 THROWN lArmary 31.2007 Your Portfolio Holdings (continued) ACCOLNT Malt TWAYER /mate On rile Equities d Options (continued) LAST STATnain December 29.2008 TAO isiWT MAIO) Uric cacesmcw terANDOES• trot Oueirmy MCC Nat mai= eAT yEto Ks/ CHOICEPOINT WC CPS CASH 100.000 38.4900 3,849,000 COLGATE PALMOUVE CO CL CASH 56.200 68.3000 3,838.460 71.936 1.8741 BX RATING: STOCK OESECTOR MN 0 BLOCINGHPAI RESEARCH RATING: B OCERREU) TRIARC CAP CORP 244572202 CASH 462.691 16.7000 7.726,940 ACCREDITED NVESTORS -n ENVIRONMENTAL SOLUTIONS WORLDWIDE IC EMS CASH 100.000 0.7300 73.000 C WYNN RESORTS LTD WYNN CASH 160.000 111.7400 17.878.403 in BSC RATING: STOCK 01SECTOR MW WALL STREET STRATEGIES RATING: 8 Total EquitTOSS. Options $65.083,900 5238.336 TOTAL EQUITIES $65.083.900 5238.338 r YOUR PORTFOLIOHOLDINGSESTIMATEO ANNUAL INCOME YOUR PRICEOPORTFOLIOHOLOINGS 51.929.927 597.195 040 SEOZSEOCIA19- ANGS 027 020'9,06]6 COI IT1 8 IJ IJ .A- O EFTA01321593 CLEARED DIROU014 ITS NICELY OWNED 9.4DSCrAfer OFFICE SEWICIOG YOUR ACCOUNT Dep. Simms Searlies Bear. Steams IL Co. Inc. BEAR 383 Mackson Avenue New 'lack New York 10179 Ore Verolttli Cat NorOT •°m' We Tot 11201•3MS STEARNS FINANCIAL TRUST COMPANY INC 6 as sTATEUE‘T AIRCO 0ccenw 30.2006 TA*0.4.44 January 31. 2007 Transaction Detail ACCIAAET NAUSEA TPA:PAYER NAUSEA On FEe DEPOSITS AND WITHDRAWALS ✓ST SATTDETET DAMAO., 29.2006 DUE TRJOISAttION DESCRIPTION OMIT AMCIA47 MIX AMOUNT 01/04107 FUNDS REC ROSY/MED TO CITIBANK FROM 15,000,000.00 0 • MORGAN CHASE DANA F0470040141001 0 TOTAL $1 5.000.000.00 MONEY FUND ACTIVITY -n DATE PAYDAY TRAMACTION mama/ SDASOUCIRW OW/TM ARIA DENT NEWT CAM MOWN 12/30/06 OPENING8ALANCE 26.289.268.48 C in 01/02/07 REINVEST DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SNARES DICDL 180,941.35 16&941.35 DNtOA REINVEST 01/02/07 DMDEND DREYFUS CASH MANAGEMENT-CL A DICM 160941.35 itismunorm SHARES MIT INCLUDED IN 2006 - 1099 01/05/07 BOUGH/ DREYFUS CASH MANAGEMENT-CI A DIC:0 15.000.000 1.0000 15.000.000.00 r 01/10/07 BOUGHT INSTITUTIONAL SNARES DREYFUS CASH MANAGEMENT-CL A DICZOC 425,000 1.0000 425,000.00 INSTITUTIONAL SNARES 01/26/07 SOUGHT DREYFUS CASH MANAGEMENT-a A DICU 41.600 1.0000 41,600.00 INSTITUTE/NAL SHARES 01/30/07 SOLD DREYFUS CASH MANAGEMENT-a A DK3O -10,00000 1.0030 10.000.000)30 INSTITUTKM4/ SHARES _ 01/31/07 CLOSIMGBALANCE 31,918,809.81 TOTAL 5.15,627,541.35 $10,160,941.35 6EOZ SEGO IND ANGS 321 02101/07:06:16 001 1004 I ELtZZOO- V.L.43 EFTA01321594 MIWID nasouco. rts swots. WestS 9.90 WARY OFFICE SERVICING YOUR ACCOUNT Rem Stearns 6 Co. IN. kw sawn Moan era BEAR 383 MadiSCH Nome New Y New Yock 10179 04 AleCrcesch Cants Wen WooM. Ora Yak 11201-3809 STEARNS FINANCIAL TRUST COMPANY INC s STAITTert WRIO0 Dearnter 30.2006 1NROVOM January M. 2007 Transaction Detail (continued) AOTOLIA/ SWAM WYPAYW SWAIER On Re DIVIDENDS UST rtArewort Wombs/ 29.2006 DMZ DISCRIPTION snenucus• WMCMY R&M CS) DEW WOW CRI 7 IMOISIT 01/26/07 BEAR STEARNS COMPANIES INC 8SC 130,000 0.3200 41400.00 REC 01116/07 PAY 01126/07 01/30/07 DEERFIELD TRIARC CAP CORP 244572202 194,330.22 0 ACCREDITED INVESTORS CASH ON ON 462691 SHS REC 12/79/06 PAY 0113007 AMOUNT NCLUDED ON 2045-1099 TOTAL $235.930.22 E I MISCELLANEOUS C rn DA71 ROOM 01/10/07 IRVISACTON JOURNAL DESCRIPTOR FROM 040-51256 DORI MIOUNT MCC MOM 125.000.00 01/10/07 JOURNAL FROM 037.50075 300.000.00 01/30107 JOURNAL TO03846825 10.030.000.00 TOTAL 5-104300.000.00 5425.000.03 r OPOZSE00- 019- ANGS 02) 02101C7 C6.16 COI TOW I S b.) IJ 10 IJ EFTA01321595 curago TARON04 ITS 01MIT AIMED VASOIMT OFFICE SERVICING YOUR ACCOUNT BEAR Bear. Steams 8 Co. Inc. 383 Madison Avenue Elm Magni Seestk$ Co., Cse Mastsch CirrIer herri Ank8v. Se. Von 112014560 STEARNS New Yak. Now York 10179 FINANCIAL TRUST COMPANY INC 8 of e 57878128/4 Immo December 30.2006 tneovo.4 :nary 31. 2007 Trades Executed Pending Settlement ACCOMS MAWS 1168AM01 MASER On lie Wi 8TATONNT December 29. 2006 sETTLESEKT TM( alit DAZE AJASACTIX2 enevemcw ST1AOUCIAIP 01101120 PRKT CENT MOW CREW MOAT 02/01107 01/29t07 BOUGHT APPLE INC AAR. 100,000.00 86.5488 8,654,880.00 WITH RIGHTS TO PURCHASE COMMON STK UNDER CERTAIN CIRCUMSTANCE SOUC UN AVG PRICITEES DH0WN-DETALS 014 REO 0 TOTAL WE MAKE A MKT IN THIS SECURITY MO PRICE 136 469800 58,654,880.00 50.00 VT Ass 6.022 Oa rot mem s caw AVA of Ts starers m C rn End of Statement r TPOZSE00-019-ANGS 027 02161/070&16 001 Y004 EFTA01321596 EFTA01321597 SDNY,M,352042 CONFIDENTIAL EFIA_0[1224734