EFTA01324452

EFTA01324452 Statements SDNYG,00355697 CONFIDENTIAL EFTA 00228389 useur next. rre mar. overep SUISSOVX1 met SERVICING YOUR ACCOUNT Sac Sara SKIM* c. Bear. Stearns b Co. Inc. BEAR 383 Madison Avenue Cat Warolati Craw North Did& Wm Tot 11201-1W1 STEARNS New York. New Yak 10179 (212) 272-2000 121Z) 272-1000 JEFFREY EPSTEIN Accotnir OXCLMVE DCHERMAKIRA STAllEMBRT PERRY) NOVRITtolf 29.2033 TELEPHONE 1212)272-4189 naeoudi Decants 31.2003 VISIT OUR WEBSITE vmw.beerSterelner.00M Accarrer MAR 038.28825 X72 What's In This Statement '1..11,01.'1,1i II YAMMER PUMA On Tie LAST STATINICIT 11(RaMber 29.2033 Financial Summary 3 JEFFREY EPSTEIN You' Portiollo Holdings 3 C/0 FINANCIAL TRUST COMPANY Transaction Detail ATTN JEANNE BRENAN T4iNaGUNO0 Your Messages 6 6100 RED HOOK OUATER B-3 ST THOMAS Vi 00802 Your Portfolio at a Glance Market Value of Your Portfolio Important Message can u ras ent i 569.695 II any information re9rOirg TOTAL VALUE Cf SECURITIES ThaS PERIOD' 4.004.413 S5S.S75 2003interest denciends. miscellaneous income. NET CREDIT BAIANCE 69.695 tgiees 54.004.413 gross proceeds 00601r1M 787 Mu* decount is required to be repotted to the IRS For NET EQUITY NS PERIOD $4,074,108 this °costal. a Conant market value Consolidated Form 1099 NET EQUITY LAST STATEMENT 1902.362 gni Tut statemenrs market value *II be maBed to you by February 2.20040. a 1042S CHANGE SINCE LAST STATEMENT 11.746 by March 15.2004. Iris pantie hada can. name masa Da era ra Waxed bet TRW %Rae a ilaules Red t' Pal &OM TRIR had. There are no 'Stop Loss' orders or out pendog buy of sell open orders on file for your account. 86955£00 W9 Flow (001 any flew. 0, roan.< V eat a $IQ nisei a aimed It Ra. sai ,-unary n re- are-mnemi wanes one R bait Wales RI In comma Cie* Swan s liC0434-142; ar as n Cant Sao°. ate. Sawa Swarm amarrat INA C4 Mined be Mnnerds. Sae wan* et fa Marla" Ortneeen Co0. O w M.tnd, Corm Pant Peep, 20 405 C21 01/01124.12 54 CO1 vela Ill IJ 00 8 EFTA01324453 CLEARED THR0UCA 111 The, OAt YaLWRv Sot burn SO"Ofiel CC, O, MMIttAttl Cenopt Mn !rote" Sc. Tack 11201.3850 (212122I'000 JEFFREY EPSTEIN (-) 0 z m STATEMENT BACKER IS PRINTED ON THIS PAGE ci m z H r 669SS£00 IND ANDS I 6ESZZOO- V1.43 EFTA01324454 CLEAR= n•ECOGEE n9 mitt,. &MID SUMMON OFFICE SERVCIAG YOUR ACCOUNT Bear. Stearns & Co. Inc. Sap Nam SeanUel Cap. BEAR 383 Madsen Mame IMPRecn Cent moot &Weft Nat Vat 11201-31152 STEARNS New York. New York 10179 (212) 272-2000 (212) 272.1000 JEFFREY EPSTEIN 3 et DIMMEST item Noverrter 29.2003 TW10.03.1 MONS 31. 2003 Accent? vanNai Cash Flow Analysis Income Summary 03848025 X72 TAXPAYER HAMER On Fie Da POMO Mn PD500 YEAR TO CAT, LPST STAMMER November 262003 OpeningBa lance $55.574.84 DonclenOs 14.094.36 96.084.38 Other DIM:ends 0.00 3.162.50 DrAderxls4nterest 14.119.80 Muni Bond Int. 0.00 9.162.43 0 Amount Credited 914.119.80 Ueda Balance Int 25.44 548.95 0 Net CAM Activity 14.119.80 Total 914.119.80 1108,938.26 CloslflgBalance 969,894.84 m Portfolio Composition C Cash Balance Summary CasIVCash Etwitalerc 89.695 in cam% TROSIIC Equities 4,004,413 Cash 55.574.84 69.694.64 Total 94.074.108 Not Cash Balance $SS.574.84 $69.694.64 Your Portfolio Allocation r Cash & Equiallent 1% Your Portfolio Holdings CASH & CASH EQUIVALENTS OOLSSEOCIN9- ANGS WASH (STAMM) MAWR DESCPPTITN STYINOCUSP OUMIEN NNE VALUE AMA acct ry CASH BALANCE 69.695 TOTAL CASH & CASH EQUIVALENTS $69.695 — tout of 99% Nfst GVM r. tele. hedtr Mart mirlatt aloes Thu Soma, oration avA3 hp m,riet •00 a r While% 027 0101104:1244 001 rn I S E.) IJ , C) IJ EFTA01324455 0.1ARLO THP0u0ains %sour ove.M0 Su8SOWPY OFFICE SERVICING YOUR ACCOUNT Bear, Steams & Co. Inc. Saw. Swan Santa cap. BEAR 383 Madison Avenue New Yeek. New York 10179 P‘eptual tau /Pam Ortacir. tier NI* 1120141159 STEARNS (212) 272-2000 NIA 272.1C0) JEFFREY EPSTEIN 4 ao rummer Pt8C0 Noyeester 29.2033 notOUGH teCembe. 31. 2003 Your Portfolio Holdings (continued) ACCOUNT VINEER 038.28825 W72 EQUITIES TAXPAYER MAWR OnFPe LAST STAMIVET 54EMPEREOr 28.2003 Equities & Options MARKET MOJA= CURIEW DISCMPTICe4 STIMOUCUS, owner PIKE WILE aIL ROWE KW PO CANHORN CHEMICAL CORP CNCPF CASH 19 Unglued FELCOR LODGING TRUST INC FCH CASH 2.000 11.0800 22.160 0 GLENBOROUGH REALTY TRUST INC GUMOIER REALTY TRUSTS8I GLB GRT CASH CASH 2.000 2.000 19.9500 22.3800 39,900 44,760 2800 3.846 7.0175 8.5925 -n HRPT PROPERTIES TR-S81 HOSPITALITY PROPERTIES TRUST 561 HRP HPT CASH CASH 10.000 2.000 10.0900 41.2800 100.900 82.580 8.000 5.760 7.9286 6.9767 C JOHNSON& JOHNSON .INJ CASH 57.800 51.6600 2.985.948 55.488 1.8583 rn KRAMONT REALTY TRUST KRT CASH 2.000 18.1000 36.200 2.600 7.1823 PAN PACIFIC RETAiL PROPERTIES PNP CASH 436 47.8500 20.775 889 4.2792 INC PENNSYLVANIA REAL ESTATE PEI CASH 1.794 36.3000 65,122 3.875 5.9504 INVESTMENT TRUSTS8I RAMCO GERSHENSONPROPERTIES RPT CASH 12.000 28.3000 339.600 20.180 5.9384 r TRUST-MO $81 SIRIUS SATELLITE RADIO INC SIRI CAS.• 1,030 3.1600 3.160 TOO INC 15.600 16.8800 263.328 Total Equities& Option-. 54.004.413 5103.418 TOTAL EQUITIES 54.004.413 5103.418 TOLSSEOCIND- ANGS 021 01.0104 12 54 001 1818 IJ 00 EFTA01324456 af.ARII) TrinOvCel ITS wow( OVME0 baSOLAitf OFFV:E SERviCNG YOUR ACCOUNT Om. Awns Scans On Boar. Steams & Co. Inc. BEAR 383 Madison Avenue New Voce Now York 10179 Cry lleinteth Wee Not tircAvg. INN1bn 11201.3869 STEARNS (212) 272-2000 MA 272.1030 JEFFREY EPSTEIN 5 roc STATeel PertKo W./lbw 29.2003 THItOuCiN oraenner 31.2003 Accosta 'Queen 038.22825 272 TAIPAVER muid8ER On lie LAST rrATEMENT November 28.2003 Your Portfolio Holdings (Continued) YOUR TOTAL ESTIMATED ANNUAL INCOME 1103.418 0 YOUR PRICEDPORTFOLIOHOLDINGS 14.074.108 0 m Transaction Detail DIVIDENDS C in oat won SYPAPOUCLISP 01WITITI Mn CD Dag MOUNT 0R0r1 ANNUM 12/09/03 JOHNSCel Er JOHNSON 57.800 0.2400 13.872.00 REC 11t18103 PAY 12/09,03 12/15/03 PAN PACIFIC RETAIL PROPERTIES PNP 436 0.5100 222.36 REC 11128103 PAY 12r15/03 TOTAL r 514.094.36 INTEREST CATE “SelePTION SeeCUMS. OutiMY RATE IV Dna Avow CREW !MOW 12/22/03 INTEREST ON CREDIT BALANCE 25.44 ZOLSSEOCIN9- ANGS ACCT 03846825 AT 00.10000% 11121 • 17120 TOTAL 125.44 021 0141)44:12.54 001 1•118 rn I S b.) 00 U.) OO , C) EFTA01324457 CL.T.ARSO THROUGH rrs AHOLL OWNEO SUISOARY CfECE SERVICS% YOUR ACCOUNT ker. San SOCVMS cap Bar. Stearns a Co. Inc. BEAR 383 Madison Avenue New Yodc. New York 10179 Ore Wraith Greer Norm Nagy,. Pk. olt 20 StS9 STEARNS (212) 272.2000 1212) 252.1000 JEFFREY EPSTEIN 6 ac STATWERT P000 NOorte 29.2033 THROUGH DOC0M00' 31. 2003 ht.t0.04T WHBER 038.2802s 117 TAY,A, ER liWISLR on it Your messages µST STATEUEsT NOoembet 28.2003 Ia) Florida residents who own, manage. or control stocks, bonds, money market or mutual funds having a value of 520.000 or more for Individuals or 540.000 As pan of the National Association of Securities Dealers (NASD) Investor Ca" Education Program, you may obtain ink:motion on the NASCrs Public for mauled couples Ring jointly must pay a tax on these items. called Disclosure Program by =tooting the NASD at telephone number (800) intangible Tat, by lune 30 to avoid increased penalties. For Tax Returns and 289-9999 or via the intermit address which is wvm.nasdrcorn. In addition, a 0 information, call the Department of Revenue at 1-800-352-3671, brochure explaining the Public Disclosure Program is available from the NASD upon request. -n ea- Excess SIPC Account Protection Update Bear. Stearns Securities Corp. (BSSC). a member of the Securities Investor C Protection Corporation CSIPC). provides account protection for the net equity of a customers funds and securities positions. SIPC provides 5500.000 of in primary net equity protection. including 5100,000 for claims for cash CSIPC Coverage'). Visit vainv.sipc.org for more information about SIPC Coverage. BSSC provides the additional protection (trans SIPC') through a commercial insure(. Effective February 16, 2004, the commercial insurer for Excess SIPC vAll change to Customer Asset Protection Company CCAPC01. a licensed New York insurance company. Account protection applies when a SIPC member firm fails financially and is unable to meet its obligations to its securities r 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, End of Statement EOLSSEOCIA19- ANGS 027 01.101/04;1204 001 vala to I S b.) 00 b.) DO EFTA01324458 CLEARED Tenni ITS WKSLY Ont33 SLOISCOAY OTTCE SCONIMN YOUR ACCOUNT Bear. Steams & Co. Inc. OW. Seen Sewn Cn BEAR 383 Madison Avenue New Yore. New York 10179 line Meinte01 net In Ind" Ileo TOW 112014859 CVO 272-1840 STEARNS (212) 272.2000 JEFFREY EPSTEIN ACCOUNT EXECUTIVE IICNERMANIRA summer memo Weber 1.2003 TEEENIONE (212)272-4189 notoutot Novereter 28.2003 VISIT OUR WEBSUE wmv.bearsteame.c/ve ACCOWIT nen 038-28825 372 What's In This Statement Ileellllrlleellll II Tenni% MAW On Fee Financial Summary WT STATEWNT October 31.2003 3 JEFFREY EPSTEIN You Pottfolio Holamps 4 CIO FINANCIAL TRUST COMPANY Transaction Detail 5 ATTN JEANNE BRENAN 6100 RED HOOK WATER B-3 ST THOMAS VI 00802 0 -n C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL VALUE OF SECURRES THIS PERIOD' 3.846,787 Caen a Ectivalent —I $55.575 I $51.021 NET CREW BALANCE 55.575 533.8:.78j Equates $ 8 88 NET mum sms PERIOD 53,902.362 arrert masa: value NET MITT LAST STATEMENT 3.891.902 NO Last statements meeker Win r CHANGE SINCE LAST STATEMENT 10.480 •rs. wine new cv ce row wont Tenn tot ow eel (Nen en cat Vow et Sans n OA NR Gin WS Poled There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. POLSSEOCIN9- ANGS New nom ase d Twww o non, of ion or On. nen as tont< wo Taw won us V ',Ernie( nen Wenn Wenn Ws hr neon IS Cleo Senn st K06344420. et wela IS nil Senn 4( an Sun nen Colo. Ow none Conn ten. O..51 2014630. stc ENts Emmett MEW be mob*, fee Mr roman sn rine Ode tenni earn 027 11/2973$08:43 031 All EFTA01324459 =LAO Two0u3n 115 v..40tly 01040 SUSSOORY Belo Sten Stoats fax Ore Wrote°, Oster *Oh eitetly1 /4 ION cot 20 -nit MIA 212.10:0 JEFFREY EPSTEIN 0 0 STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r SOLSSE00- 019- ANGS 027 11/2903 08 43 COI nit EFTA01324460 0.EARED 77.0“tai rrs sr..0u. Om.) Suicaotuty OFFICE SERVIMG YOUR ACCOUNT Bear. Steams 6 Co. Inc. Bea.. Scent Sixutien Coy. BEAR 383 Madson Avenue New York. New Yak 10179 Ole Wrath Craw *cat" New OM 20 STEARNS (212) 272-2000 Eva aralcco JEFFREY EPSTEIN 3 as STM11/0.7 PO000 November 1. 2003 THROUCir NOV!nee 29.2003 Cash Flow Analysis Income Summary ACC0u747 MAMA 72207nEit HAW 038.28825 X72 On tie TM PERIOD MIS MOO VW 10 Oak LIST simirsewr OctObet 31.2003 OpeningBalance $51.020.75 Dividends 4.515.00 81,970.02 OUvr OMdends 0.00 3,162.50 Dividends/Interest 4,537.19 Muni Band In. 0.00 9,162.43 Miscellaneous 16.90 Credit Balance It 22.19 523.51 Amount Credited 54.554.09 Total 54,537.19 594.818.46 z Net Cash Actvity 4.554.09 ii CI03in9 Balance 555,574.84 Portfolio Composition C Cash/Cash Equivalent 55.575 rn Cash Balance Summary Equities 3,848,787 z Cash CSC 51.020.75 CLOMP 55,574.84 Total 53 902.362 Your Portfolio Allocation Net CashBalance 551.020.75 555,574.84 r Cash & Equirelent — I% 9OLSSEOCIN9- ANGS Eq220$ 99% UNPS/ild Mtn. dincle ew WOK* Wribr Oat nine, yeas. TrO Mkrrato. port•HRIO Calm, fro, Ins Sal/ ,W141 ',Artery,' Pat, . 027 11/290300 41 001 vtl En IJ 00 00 00 EFTA01324461 0.E.M0 1,C1COM at viwCur 04M.0 SMStua OFFICE SER1nCING YOuR ACCOUNT 9w. Sumn Sam* Cop Beat, Steams & Co. Inc. BEAR 383 MadImo Avenue New York New York 10179 One March Caw NMI WM,. N nek 11201.3459 STEARNS (212) 272-2000 (2121 272.1000 JEFFREY EPSTEIN 4 V4 sTATRAPer P€ 00 140Wernber 1. 2003 ThROUOI4 NMmber 28.2803 Your Portfolio Holdings ACCOuia MAW D3848825 X72 CASH & CASH EQUIVALENTS TAXPAYIA Natt, On FN LAST STAMMix Oclote 31. 2003 WACO ES1M0133 COMM DFSCRIPIIM SYMCOCUSP wn,. 1w OF frANWL ipagN CASH BALANCE 55.575 TOTAL CASH & CASH EQUIVALENTS 555.575 0 EQUITIES -n Equities & Options CtSCROM1Y1 STMICIICUS• ACC, Mt 01.11/0ITY PM! Fwwur MIX WPM= MAMA INCOME CORM:Mr MD00 CANHORN CHEMICAL CORP CNCPF CASH 19 Unplced in FELCOR LODGING TRUST INC GLEN8CROUGH REALTY TRUST INC FCH GLB CASH 2.000 10.5700 21.140 CASH 2.000 19.8500 39,300 2.800 7.1247 GUMCHER REALTY TRUST-SBI GRT CASH 2.000 21.8100 43.620 3.846 8.8171 HRPT PROPERTIES 1R-SIII HRP CASH 10.000 9.7000 97.000 8.000 8.2474 HOSPRALnY PROPERTIES TRUST HPT CASH 2.000 39.5500 79.100 5.760 7.2819 r SKI JOHNSON& JOHNSON !NJ CASH 57.800 49.2900 2.848,962 55.488 1.9477 KRAMONT REALTY TRUST KRT CASH 2.000 18.0800 36.160 2.600 7.1903 PAN PACIFIC REVUE PROPERTIES PNP CASH 438 48.4500 20.252 889 4.3897 iNC _ PENNSYLVANIA REAL ESTATE PEI CASH 1.784 34.5000 61.893 3.875 6.2608 mvESTmENT TRUST-58i RAMO° GERSHENSON PROPERTIES RPT CASH 12.000 26.0500 312.600 20.160 6.4491 TRUST4A0 581 LOLSS£00 INS ANGS 037 11/2.0104:43 CM V818 66E8ZZOO- V1.43 EFTA01324462 CLEARED 71.01OUGH NniCtLY Oman SIADIDV.RY OFFICE SERUM* YOUR ACCOUNT Bear, Steams & Co. Inc. Bar fawns Sena., coo. BEAR 363 Madsen Annie New York, New Teak 10179 ow Wectech teat IWO OrD318‘ New met 1110:D859 STEARNS (212) 272-2000 (212) 2/2.1C00 JEFFREY EPSTEIN 5 or 6 STAMED,:r 'MOD NOvente 1, 2003 TAIRCOGN Warta 28.2003 Your Portfolio Holdings (continued) ACCOUNT matt 038-28825 X72 TAXPAYER 7.21,111ER On FM LAST STATEN'S!? Octobe• 31.2003 Equities & Options (Ccesinuee) ACC, ROME WHAM GOMM OESCRPTION SYWINDUCUSIE 111E WARM 1AICE VALUE AMAX MOORE REIO IM SIRIUS SATEUTTE RADIO NC SIRI CASH 1.000 2.0800 2.080 0 TOO INC TOO CASH 15,600 18.2500 284.700 0 Total Equities& Options TOTAL EQUITIES 51846,787 53.846.787 $103,418 $103.418 -n YOUR TOTAL ESTIMATED ANNUAL INCOME 5103.418 C YOUR PRICEDPORTFOLIOHOLDINGS in 83.902.362 z -H Transaction Detail INVESTMENT ACTIVITY r SCI11.043rt DAIS GTE resume OESOIPI/ON SivEDUCUSP GUMMY MC) (MT DADA/ MIXT MOW 1121103 EXCHANGE CROWN AMERICAN REALTY TRUST 228186102 -5,000 C621722 TO P364000 MERGER 0.3589 PENN REAL 1121103 EXCHANGE PENNSYLVANIA REAL ESTATE PEI 1.784 SOLSSEOCIN9- ANGS I/VESTMENT TRUST-581 P364000 TRW C621722 MERGER 0.3589 PENN REAL TOTAL 027 11/24113DS 43 ODE rely rn I8 IJ 00 EFTA01324463 CLCAltt0 TAROV011 ITS WrOULY PACO tilESOmAY CO10E SERVICING YOUR ACCOUNT Inc swans searnes Co% Bear. Stearns b Co. Inc. BEAR 383 Mackson Avenue New York. New York 10179 Ore Witroteth Cots MATO Bag" Nit Yat 112011 Se STEARNS (212) 272.2000 12121272.1003 JEFFREY EPSTEIN 6 ac STATIMIXT MIRO° liCAW1141 1.2003 INTI0UCT1 nc.enter 28. 2003 Transaction Detail (continued) AI:couNr panes 038.28825 X72 TASTER NuLMER Ce. Fit DIVIDENDS PAST STATEMENT Ckictvi 31. 2003 DATE OESCRIP11301 SYYSCIJELIS• 0umTTlT EAR (S1 OM AMOUNT CREDO MAW 11/07/03 CROWN AMERICAN REALTY TRUST 228186102 5.000 0.2150 1.075.00 RFC 1027/03 PAY 11/07/03 11/20/03 HOSPITALITY PROPERTIES TRUST IPT 2.000 0.7200 1.440.00 0 11/21/03 REG 10/26/03 PAY 11/20/03 HRPT PROPERTIES TRS8T HRP 10.000 0.2000 2.000.00 RFC 10/22003 PAY 11/21/03 -n TOTAL 54.515.00 C INTEREST in GATE museum SniKtFUSIP Comm RARE* JAM AMOUNT Cat on AVOLTO 11/21/03 INTEREST ONCREDIT BALANCE 0.5000 22.19 AT 012% 10/21 THRU 11/20 TOTAL 522.19 MISCELLANEOUS r aux LOOPY TR/Ruclicw otscesney van warn CREW MOM 11/21/03 CASH-UEU PENNSYLVANIA REAL ESTATE 16.90 iteiESTmENT TRUST-S81 wERGER 0.3519 PENN REAL TOTAL $16.90 _ 6OLSS£00 INS ANGS 027 11/29/010.43 COI JAMS lOt8ZZOO-V.L.43 EFTA01324464 CUNIEO To4ROUtr na MHOµ. OWYCO SUISSOYNI OFFICE SERVICING YOUR ACCOUNT Dew knots Secutes Coy. Boar. &earns & Co. Inc. BEAR 383 Madison Avenue New Yak. New Yolk 10179 OV recareth Cantts Omer. Nea UV 11201.150 STEARNS (212)272.2000 OIL 2724050 JEFFREY EPSTEIN ACCOUNT E7/CUINE ZICHERMAN.IRA STATEMENT PER1CO Ducat 1.2003 III [PHONE (212)272-4189 THROUGH Watt 31.2003 viSn OUR YiEBSIIE ynvottearsteams.com ACCOtte mortout 038.28825 A72 What's In This Statement II TAXIVAIE mamas On F.I. 1)3? STAMONT Septefthet 30.2003 Financial Summary 3 JEFFREY EPSTEIN Your Portfobo Holdings 3 C/0 FINANCIAL TRUST COMPANY Transaction (*tad 5 MN JEANNE BRENAN 6100 RED HOOK (WATER B-3 ST THOMAS VI 00802 0 z T C Your Portfolio at a Glance Market Value of Your Portfolio m erne easont—iig S49851 $5" 21 z TOTAL VALUE OF SECuerriES 716PERM* NET CREPT BALANCE 3.840.881 51.021 ran 13240.881 13.773.562 DIEY eounv THIS 1WOOD $1891,902 IN Oren market value NET EQUITY UST STATEMENT 3.817,213 In list llitifolenCS Market Vala r CHANGE SINCE UST STATEMENT RV NM% Meer reenter ever* ranee nal ars alit 74.669 bard le lee Val %tar a Ileturr$ w kt kry 1 Poke There are no 'Stop Loss' orders or other pending buy or sell open orders on Me for your account. OTLSSEOCIN9- ANGS Mama vet my &era er rokneeter el racks 4. Mere. retitled n *rove $0 krair a kr rkkneta:nal votes utttnra EMS'S static Cruneet re Cita Serve 0056344421 er rten b Carr Stoke a Ma Sterne Starr Tres e Over wt/00e terrel kI yar e4OW Sea Inns 15r rprarl abrik1101 Co' . One rarer Oyler mar treerr. N.Y 11X14110 027 1/151 01.1402 001 V1111 I S IJ IJ 00 Ja IJ EFTA01324465 cwno TROUGH rfl wmewir OAKJ) SueSiDairt Bev. Swans Sta. Ce0. Qx Manott Wore lin Vicelbn. New To., 11.701.3859 R12122L1000 JEFFREY EPSTEIN 2 e$ 0 -n STATEMENT BACKER IS PRINTED ON THIS PAGE in z -H r _ VELSSECIO IN9 ANGS 027 11,01.03.1402 001 VIII SOPSZZOO- V.L.43 EFTA01324466 CIAME0 T1410(.10/. ITS vniCsre CM.110 8033(DaY OITICE SUMP% YOUR ACCOUNT Bear. Steams IS Co. Inc. 86v. ken Sweets Cap. BEAR 383 Matson Avenue New Yak. New Yak 10179 Cot laesorosit trey bar Orcutp liew Yon 112014859 STEARNS (212) 272-2000 (2121212-1CW JEFFREY EPSTEIN 1 ors ST TEIC1IT POMO Cklober 1.'20.03 THROU011 Oclober 31. 2003 Cash Flow Analysis ACCO(Nr (taXER 038-28825 X71 Income Summary TIAPAYM WJVIIELI On The 1145 POOOD THIS KRIOD YUJI MOM. LAST STATDMNT Serxember 30.2003 Opening Balance 543.650.82 Cmderds 7.351.60 77.455.02 Otixt Olddentis 0.00 1162.50 Cesidenclillmecest 7.369.93 Muni Bond Int. 0.00 9.162.43 Amount Credited 57.369.93 Goat Balance Inc 18.33 501.32 Net Casn Activity Total 37.369.93 590.281.27 7.369.93 ClosielBalance 351 020.75 -n Portfolio Composition C Cash Balance Summary CaslCash Equivalent 51.021 in Cash mom 43,650.82 MOM% 51020.75 Nokias Total 3.840.881 53.891,902 Net Casallelance $43.650.82 $51.020.75 Your PodfoNo AlloestIon r Cash & Equivalent — I% Your Portfolio Holdings CASH 8 CASH EQUIVALENTS ZUSSEOCIND- ANGS MMXO MOM= CUSIDIT catiren SY1188.0015.9 CM/117( PIZ( YAM MOM NOSSE nib OD CASH BALANCE 51.021 TOTAL CASH & CASH EQUIVALENTS 551.021 L &tubes 99% U.Vad WM s Om,* ALM hew Witt vLULL rreaert .1.14. -1. Macs Mott,. Ornol nem ire Rados mteart .e4e II yo, parnSe 027 11,0/.011402 En I8 b.) 00 Ja 2 EFTA01324467 CLZAPSD noCuOm ITS %ICUs °vise) SuSSOS orncE SERVICING YOUR ACCOUNT Bear. Steams & Co. Ix. Bor.Sun Sacviscs tap. BEAR 383 Madison Avenue New York. New York 10179 0r hintoted, Cosa Parst &wen Paw as 23 1859 STEARNS (212) 272.2000 121Z 2/2.1CCO JEFFREY EPSTEIN 4 te Sisrevess nex October 1.2003 Tssouca. °cuter 31.2003 Your Portfolio Holdings (continued) Aecowr moms 038.28825 272 EC/VRIES tons," soalEit On File us, sTAnAgST Sapient!' TO 1003 Equities & Options ACCT warn aM.ulm CuRRINI OtSCRIP11011 SnoltuCITSP me OUINIITV YRRE VALII MAUL DeSCMC MID 4! CANHORN CHEMICAL CORP CNCPF CASH 19 Worked CROWN AMERICAN REALTY TRUST CWN CASH 5.000 11.9800 59.900 4.300 7.1786 0 FELCOR LODGING TRUST INC GLENBOROUGH REALTY TRUST INC FCH GIB CASH CASH 2.000 2.000 10.1900 19.5000 20,380 39.000 2.800 7.1795 -n GUMCHER REALTY TRUSTSBI HRPT PROPERTIES TR.SER GRT HRP CASH CASH 2.000 10.000 21.1800 9.3600 42.360 93.600 3.846 8.000 9.0793 8.5470 C HOSPITALITY PROPERTIES TRUST STK HPT CASH 2000 36.6700 73,340 5.760 7.8538 in JOHNSON& JOHNSON JNJ CASH 57.800 50.3300 2.909.074 55.488 1.9074 KRAMONT REALTY TRUST KRT CASH 2.000 17.1700 34,340 2.600 7.5713 PAN PACIFIC RETAIL PROPERTIES PNP CASH 438 44.3500 19.337 889 4.5974 INC RAMCO GERSHENSONPROPMES RP7 CASH 12.030 24.1500 289.800 20.160 8.9565 TRUST-ml) r SMIUS SATELLITE RADIO MC SIRI CASH 1.000 2.3500 2,350 T00 NC TOO CASH 15.800 16.5000 257.400 Total Equitios& Options 53,840.881 5103.843 TOTAL EQUITIES 53,840.881 5103.843 _ YOUR TOTAL ESTIMATED ANNUAL INCOME 5103,843 YOUR PRICED PORTFOLIOHOLDINGS 53.891.902 EILSSECIO IN9 ANGS 027 1110110114:02 001 SOPSZZOO- V.L.43 EFTA01324468 OJAPIIR 114110u0i EFS Mare OviNSO SuISIDARY OFFICE SERVICING YOUR ACCOUNT Bear. Steams 8 Co. Inc. kr. Reams Stones CRP BEAR 383 Madison Avenue New York. New York 10179 0:3% uracco Cenw ran womtr. We. YEA 11201-3TISO STEARNS (212)272.2000 (2121 272.1000 JEFFREY EPSTEIN 5 Cl s suattaurt Pt MO OttiTo* 1.2003 TRIWINT OCECCRI 31.2003 Transaction Detail AO:OUNT WWI 038.28825 172 WARDER AMAIN On FIR DIVIDENDS LMT SUMMAR Seplerter 30.2003 DATE CCSCRIPTON SWOUC:USP COMM RAN EIP) DEINT MAW MCP MOUNT 10115/03 GLENBOROUGH REALTY MUST NC 61.8 2.000 0.3500 700.00 REC 1001/03 PAY 10/15/03 10/15.03 GLDACHER REALTY TRUST-SBI GMT 2.000 0.4808 961.60 0 10/21/03 REC 09/30/03 PAY 10/15/03 RAMCO GERSHENSONPROPERT1ES IRDST4AD SRI RPT 12.000 0.4200 5.040.00 REC 08/30/03 PAY 10,21/03 ii 10122/03 KRAMONT REALTY TRUST REC 09/2903 PAY T07203 KRT 2.000 0.3250 660.00 TOTAL C 37,351.60 rn INTEREST DATI DESORPTION SYROCA.CUSIT 0300113 RATE r% DOM WWI CREDIT AMOUNT 10/21/03 INTEREST ON CREDIT BALANCE 0.5000 18.33 AT 0 1/2% 09t21 114RU 10/20 TOTAL s18.33 r _ End of Statement PILSS£00 IN9 ANGS 027 11001/03:1402 001 9068ZZOO-V.L.43 EFTA01324469 0.D.RED ThIlitC0CM ITS MOLLY OVAIDD SUIDSCARY OFFICE SERviCtiro YOUR ACCOUNT Sear. Stearns & Co. Inc. Mw. SNOTS Scones Cu. BEAR 383 Madsen Avenue Now York. New York 10179 Ore lientat urn how wenn we, Tort 11 An4.159 gin 2724000 STEARNS (212) 272.2000 JEFFREY EPSTEIN ACCOUNT EXECIJTNE TICHERMANIRA STATEMENT PlIt00 &gust 30. 2003 TELEPHONE (212)272.4189 11/10UOIN September 30.2003 OUR REISSUE www.beenteams.com /1007(NT MAMA 03848825 272 What's In This Statement II TOPAYS. MAWS On Fl5 JEFFREY EPSTEIN LAST STAUNCH? 149.eSt 29.2003 Financial Summary 3 00 FINANCIAL TRUST COMPANY Your Portfolio Holdings 3 ATTN JEANNE BRENAN Transaction Detail 5 6100 RED HOOK WATER 6-3 0 Your Messages 6 ST THOMAS VI 00802 0 m C Your Portfolio at a Glance Market Value of Your Portfolio Important Message in TOTAL VALUE OF SECURMES THIS PERIOD' 3.773.562 Cori a b assi 1 813.661 S28A67 Bear Stearns is pleased to announce our conversion to a calendar rnonth.en1 NET CREDIT BAUNCE 43,651 Sinks S3,773.663 statement. ERectlye this 33.779.512 month. your account statement reflects all NIT WNW THIS 9W00 53.817.213 activity and account Current market valet valuation up to and NET FOAMY LAST STATEMENT 3.807.979 MI Last uneven Market Sit including the last business r CHANGE SINCE LAST STATEMENT Ma teals wee en Sr Hen nom! woman Da un nal 9.234 day of the month. reams net et* Vika al Seefflies atd no Mel Feet, 171.5 Perbt There are no 'Stop Loss' orders or other pending buy a sell open aders on file for your account. SILSSEOCIND- ANGS 7.400 nor wry (Mom,. Ce n:areCete U .thecn Ce Oren, edated ls Gel-ored I.> )04 Son anus 07,44.tact. 0.. Viet°, Cone •w^. trocOr Clore Srrao al Bow As-4 Leann !, 391.31,54 Sc -tide twines is tic witninnut pitnostis on,. n Sanded as a tat mama. This Sierran ./461G G Irtlin•C Y.1 War toter*, se. mine ode Re resnast Woman:a 027 I00/03.11 21 001 EFTA01324470 CLEAVE: TWICCC11 ITS VIKLLY OMEO SLOSCUMY CM Pletnach Crew Math r=Ort Yl. nol 11101.3859 (1121272.10i0 JEFFREY EPSTEIN 2 el I 0 0 zz F I STATEMENT BACKER IS PRINTED ON THIS PAGE C rn z -H r _ 9TLSS£00 IN9 ANGS 12,.0).'1}1 321 VU, 80P8ZZOOV.L.43 EFTA01324471 CULARE3) EITROVGIE ITS NICELY DAIED SuBSTOMAY Dna SERVICING YOUR ACCOUNT BAY. SOWN SKEMAS Cap. Bear. Steams & Co. Ire. BEAR 383 Madison Montt New Tort New Volk 10179 Cat Mevetecn Cam Wfl &won Thy Yon 11291,3859 012122240CD STEARNS (212) 272-2000 JEFFREY EPSTEIN STATemewr IME000 AVAST 30.2003 TITROCCH StlIttrnDeT 30.2003 Accouwr .LAGER 038-28825 X72 Cash Flow Analysis Income Summary yxxxxyrit KAMA On He Wes PIRKO DITS P( CO MA TO WE LAST SEATTIFINT August 29.2003 OpeningBalance 328.486.85 Dividends 15.169.36 70103.42 ..... Other DMdends 0.00 3.162.50 OhideOXISAntereSt µ 15.183.97 Muni Bond Int. 0.00 9,162.43 C) Amount Credited 315.183.97 Cm& Balance Int. 14.61 482.99 0 Net CAM ActMty 15,183.97 Total 315,183.97 382.911.34 z ClOsing Solana* 343.650.82 m Portfolio Composition C Cash Balance Summary Cash/CaSh Coonskin 43.651 in OPOING CLOSING Equities 3.773.562 z J Cash 28.466.85 43.650.82 Total 13.817.213 Your Portfolio Net CaS118alanC0 328.466.85 343.650.82 Allocation r UNA & Equivalent — I% Your Portfolio Holdings CASH 8 CASH EQUIVALENTS WARM (STEWED CUMIN! LILSSE00- 019- ANGS DESCAPTIOM 511.60-CLSIP OCMYTITY 18331 VALUE MAIM NOME ESOPS) CASH BALANCE 43,651 TOTAL CASH & CASH EQUIVALENTS 543.651 — Equoys 99% tes.ste4 %dol. da—Ja (Mt, baso st.lb. rte. WI. val... int hmn nein a...0.er %at'. 02> 109103 11 21 001 5813 I S b.) V.) 00 S EFTA01324472 CILAMED ~stow $2, wMur OwsED SuLtway OFFICE SERVICING YOUR ACCCoNT Bear. &earns 6 Co. Inc, kw Sum Sans On BEAR 383 Madison Avenue New York New York 10179 Ore lasowch Can Mon lek0si. kW Yon 112O144Se STEARNS (212) 272-2000 t2121272.1000 JEFFREY EPSTEIN 4n ST Tfleff PERKO kignI 30.2003 nstO/2O1.1 Septertte 30.2003 Your Portfolio Holdings (Continued) Acootnr tnER 038-28825 X72 EQUMES tAYPAYM miats On File Equities EL Options LAST STArateST AWySI 29.2003 ACC1 UAW ~Alto 0.11110rt OtSCItnne MAKLICUSIs Mt GUMMY WWI SINCE« MD NI CANHORN CHEMICAL CORP CNCPF CASH 19 Unglited CROWN AMERICAN REALTY TRUST OM CASH 5,000 11.9000 59.500 4,300 7.2269 0 FELCOR LODGING TRUST INC FCH CASH 2.000 10.3600 20,720 Z T GLEN80ROUGH REALTY TRUST INC GUMCHER REALTY TRUST-58I 6th GRT CASH CASH 2.000 2.020 18.8600 21.0700 37,720 42.140 2.800 7.4231 3.846 9.1267 11 HRPT PROPERTIES TR-SBI HRP CASH 10,000 9.1400 91.400 8,000 8.7527 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 35.0800 70,160 5.760 8.2098 m 581 JOHNS0& JOHNSON JNI CASH 57,800 49.5200 2.662.256 55,468 1.9386 KRAMONT REALTY TRUST KRT CASH 2.000 16.9500 33.900 2.600 7.6698 PAN PACWIC RETML PROPERTIES PNP CASH 436 43.0000 18,748 889 4.7418 INC RAMCO GERSHENSONPROPERTIES RPT CASH 12.000 25.4500 305.400 20.160 6.6012 r TRUST-MD SBI SIRIUS SATELLITE RADIO INC SRI CASH 1.000 1.8300 1.830 TOO INC T00 CASH 15.600 14.7300 229.788 Total Equities& Options 53,773.562 $103,843 TOTAL EQUITIES 53.773.562 $103.843 _ YOUR TOTAL ESTIMATED ANNUAL INCOME $103.843 YOUR PRICEOPORTFOLIOHOLDINGS 53.817.213 BTLSS£00 1N9 ANGS 021 O,0O33.1I 21 ow 1.13 ORSZZOO-V.L.43 EFTA01324473 Ctiketth TTTROUGT. TTS %WOOS OFTITED SUSSOWTY OFFICE SERVICD4 YOUR ACCOUNT Bear. Steams & Co. Mo. Sew Siam Slone OT. BEAR 383 Madison Avenue Now York. Now York 10179 CT* Ihnotech Orb MGM bocidr, Pint en 212.14:00 0 ant STEARNS (212) 272-2000 JEFFREY EPSTEW STATEUECT TITtCO AcGus1 30.2003 THOICT.T2T4 SCpictlider NI 2003 Transaction Detail AtCONiT TAMOETt 038.28825 X72 TAXPAYER ALTANA On Fee DIVIDENDS LAST STAMITTIT .14441 29. 2003 DISCRPTION SYQ000CUSST OUTNIM RAW WI 0010 MOM CREPT MOAT 09/09/03 JOHNSON& JOHNSON JNJ 57.800 0.2400 13.872 00 REC 06/1W03 PAY 09/09/03 09/12/03 CROWN AMERICAN REALTY TRUST CWN 5.000 0.2150 1.075.00 REC 062903 PAY 09112/03 0 09/15/03 PAN PACIFIC RETAIL PROPERTIES INC PIA 436 0.5100 222.36 RTC 01629.003 PAY 09115/03 m TOTAL INTEREST ci m DATE otsaarnow am no DINT WOW MUM MOUNT 09/22/03 INTEREST ONCREDIT BALANCE 0.5000 14.61 AT 012%0621 THRU 00/20 H TOTAL 614.61 r 6ILSSE00-O19-ANGS 1001003.111i COT r 13 EFTA01324474 =ARCO THROUOM 178 711.00.11 0929110 SUBSOARY OFFICE SERVICING YOUR ACCOUNT l. SWns Secrets On. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Yak New York 10179 Ow 1,WwWch Cale. We 91176990. Nt. via 1120141169 STEARNS (212)272.2000 Me 772,1030 JEFFREY EPSTEIN au' STATIWN7 1199190 AUguSt 30.2003 114106O11 90ptembr 30.2003 AterINT 141.9019ER 039.29825 272 1000Weigt 14.19901 0 No Your messages (AST STATEWST Aught 29, 2003 Sear, Steams Securities Corp. Net Capital and Net Capital Requirements: Bari Securities and other assets in your account are the firm's collateral for any margin loan made to you. If the securities and other assets in your account C) At May 31. 2003 and July 31. 2003. the Company's net capital of appronmatety Sad billon and S3.0 billion was approximately 6% and 7% of decline in value. so does the value of the collateral supporting your loan. and. as a result, the firm can take action. such as issue a margin call and/or sell 0 aggegate debit items and exceeded the minimum regulatory net capital requirement of approximately $799.5 million and 5904.4 million by securities or other assets in any of your accounts held with the member. in order to maintain the required equity in the account. It is Important that you z approximately S1.6 billion and S2,1 billion, all respectively. fully understand the risks involved in trading securities on margin. These risks include the folowing: m A complete copy of the Bear. Stearns Sectrities Corp. Statement of Financial Condition is available on the web site wmv.bearSteams.com. Alternatively, to You can lose more funds than you deposit in the margin account. request a free printed copy please call - toll free 1.866-299.9331. C The firm can force the sale of securities or other assets in you in account(s). z J The firm can sell your seCurities or other assets without contacting you. You are not entitled to choose which securities or other assets in yoke account(s) are liquidated or sold to meet a margin call. The firm can Increase its 'house' maintenance margin requirements at r any time and is not required to provide you advance written notice. You are not entitled to an extension of time on a margin call. OUSSEOCIND- ANGS 027 1001931121 COI EFTA01324475 War, meojnn WwCtLv CmIED StaSiDuity OFFICE SERVICING YCUR ACCCUJT Sm. Sawa Slants. 000. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Yak. New Yak 10179 On lArveted, Cern:, 80111 110:0030 New York 11201.3859 Qin 2724020 STEARNS (212) 272.2000 JEFFREY EPSTEiN STATEL/Est PER*, ALsu31 30.2003 THA000. Septcnter 30.2003 ACCetig• %AMR 038.28825 112 TAxPArift want On Re LAST STATevela Augat 29.2003 This statement is provided to explain Bear. Steams & Co. Inc.'s rEiSC1 Pursuant to SEC Rule 11Acl -6. please note the following: payment for order flow practices. BSC routes a majority of orders for customer securities transactions to the Bear. Steams & Co. Inc. will post its quarterly routing statistics at the following 0 primary market for such securities. Orders may also be routed to other market service vendors that assure executions pursuant to complex mathematical formulas at better than the national best bid or best offer (N880). BSC web link: httplAvona.bearstearnS.COME. Click on Individual Investor, Click on Equities. Cick on Order Routing Practices. z receives no cash payment or other consideration fa such order routing other Customers of Bear, Steams & Co. Inc. may request information on any order -n than favorable executions or executions of limit orders at no adcktional charge. executed within the prior six months from the time of the request. Specifically, you may request the identity of the venue to which the identified orders were routed for execution, whether the order was directed by you to that venue. and C the time of the executions, if any. that resulted from such orders. in z STOPI End of statement r TZLSSE00-019-ANGS 027 1011031.1111 001 V811 EFTA01324476 CLEO= MrOrem ITS *MOLLY DertO SUSS/Dar OFFICE SEAMING YOUR ACCOUNT Bear, Stearns & Co. Inc. Bar Wars Searles Cap. BBIR 383 MadSOn Avenue New York. New Yak 10179 One Iterleat Crtvt Nati erarcirL Now Yet 11202.3$5S tend 272.1000 STBIRNS (212) 272.2000 JEFFREY EPSTEIN ACCOUNT EXECUTIVE DCHERMAMIRA sugar., 'moo My 26.2003 TELEPHONE (212)272-4189 lieSOUO11 Aught 29.2003 VISIT OUR WEDSIM wew.bearsteamstorn Accouhrt 'Ample 038-28925 X72 What's In This Statement 11111Mall •SOAVES MAME* On Ea JEFFREY EPSTEIN CAST STATEMENT July 25. 2003 Financial Summary 3 Your Portfolio Holdings 3 C/O FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN Transaction Detail 6 0 6100 RED HOOK WATER 8-3 ST THOMAS VI 00802 0 m C Your Portfolio at a Glance Market Value of Your Portfolio in Important Message $28.467 LEE SEEM is pleased to TOTAL VAWE OF SECURMES THIS PERIOD* Cash EcRvaienz announce ors contortion to 3.779.512 525.016 a calendar month-end NET CREDIT 8AtINCE 28,167 Equnits 57.139.512 statement. Erwin 53.976.848 September 2003.your meant statement all PET METE THIS MOOD $3.807.979 reflect all activity and NO Onent market slue account valuation up to and NET EMMY LIST STATEMENT 1,001,861 LAE SUIDSTINICS market vane including the last busness r CHANGE SINCE LAST STATEMENT -193,885 day of the month. •T_ ,SAN Yd.o as a enve %name wenn ha an no mans in on To* Vas Cllocure. Wry Net e..b TAY 1erst There are no 'Stop Loss' orders or other pending buy or sell open orders on file fa your account. ZZLSSECIO INS ANDS errs tree an, damp a nerefer el tern to sod record r Wend yeu. No sorry. kr trlennalbt• SCOW. ury. S iS not reared aS Ana Ovamert b Peel Sera at IOSterire. ern* ern Serer et Sr. rear Serra Sk: Ter a•uerte sericite Ferro1a err mere Sr erten sir & Imirettee Wenner... Ors. Or Wirer Corr Nab. bear" 1.10144.4 027 010093,13 41 CO1 11312 t I P8ZZOO- V.L.43 EFTA01324477 CtDflO 1171.10L7O4 ne 11.110U.Y Ow04.0 SuOSOVJtY tior. Sun SetoMei ONO Metoton Cotter Nen OnatIr. New el 20 Ha am 272.1000 JEFFREY EPSTEIN 2 a 0 z -n STATEMENT SACKER IS PRINTED ON THIS PAGE C in z -H r EZLSSE00- 019- ANGS 02' 0110003:1145 001 1.1112 EFTA01324478 CLFARG0 THR04.4.4 ITS ANCts OWNER SJASIDARY OFFICE SERYCIN6 SCOW ACCOURI bps Sierra LAMA Coq Bear. Stearns & Co. Inc. BAR 383 Morison Avenue w INPRIRCP CRAW Nonn EvccERN mew Yak 11201.3079 STEARNS New York, New York 10179 (212) 272.2000 I212) 272.1000 JEFFREY EPSTEIN 3 as STATIDADET mew 1 ly 26 2003 114*D0CM ANguSt at 2003 Accouwr MASER 03848825 372 Cash Flow Analysis Income Summary TAIMAYDI Ala' On Tie net moo DNS PERICO MR TO CAR LAST STATIVENT July 25. 4303 OpeningBalance 525,018.08 DIVRCNICIS 3A40.00 54.934.06 Other Dniden:Is 0.00 3.162.50 DMdends4ntacest 3,450.77 Muni Bond Int. 0.00 9.162.43 0 Arnount Credited 13,450.77 Credit Balance Int. 10.77 468.38 0 Net Cash Actitity 3.45677 Total $3.450.77 567,727.37 ClosingBalance 528.466.85 m Portfolio Composition C Cash Balance Summary CasNCash Equivalent 28.467 in OPINING CLOSING Equities 3.779.512 Cash 25.016.08 28.46085 TOW 53 807,979 Not Cash Balance S25.016.08 Your Portfolio 528.466.85 Allocation r Cash & Ec9n2999 — 41% Your Portfolio Holdings CASH .5 CASH EQUIVALENTS PZLSS£00 IND ANDS WARM (SIMARD ORRINI DESCRIPTION SIVAIKACIAIP OU/ARIN KIR Will µbbl( MAK 113J3 04 CASH BALANCE 28,467 TOTAL CASH & CASH EQUIVALENTS 328.467 E Lmies 99% VANclfri Cr.% dna deb Ulm, nate therl eon* alon The aloalcn pirobnata a Orned I-on Poo *molar redo' +La J— {Cabin 027 000002.11 45. COI 1112 9 I tlIZZOO- VIda EFTA01324479 0.4.4n0 ~DUCH rri tvr4C4.LY 0.11.420 Sull.5.34441Y OFFICE SERVICING YOUR ACO:UNT Caw 5~4 Starnes Cap. Bear, Simms & Co. Inc. BEAR 383 Mediate Avenue New York. New Vat 10179 054 /*man On Math ~tp. re Pod 11201.3839 STEARNS (212) 272.2030 (2121212.1020 JEFFREY EPSTEIN STATELIENT PER100 it/ 26. 2003 n4ROuCtm &gat 29.2003 Your Portfolio Holdings (continued) Arrcar ramBER 03628025 r2 EQUITIES TAXPAYER /RARER QiFile LAST ST/.TEREST A.iy 25.2003 Equities 8 Options ACtl ~KIT UTPPA120 CURRENT ntscarnos 511MOU025IP 014( OUABIIIT( PffiCE YAM Palirrl ~It MON CANHORN CHEMICAL. CORP CNCPF CASH 19 Unadced CROWN AMERICAN REALTY TRUST CWN CASH 5.000 11.2800 56,400 4,300 7.6241 0 FELCOR LODGING TRUST INC GLEN8CROUGH REALTY TRUST INC FCH GL8 CASH CASH 2.000 2,000 9.6400 18.3500 19.280 36.700 3.440 9.3733 -n GUSACHER REALTY TRUSTSEII HRPT PROPERTIES TR-S83 GRT HEW CASH CASH 2.000 10,000 20.6600 9.0700 41.320 90,700 3,846 8,000 9.3078 8.8203 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 31.1400 62.280 5,760 9.2486 SEs in JOHNSON& JOHNSON JNI CASH 57,800 49.5800 2,865,724 55,488 1.9363 KRAMONT REALTY TRUST KRT CASH 2.000 17.1500 34.300 2.800 7.5802 PNC AN PACTFIC RETAIL PROPERTIES PNP CASH 436 42.1000 18,356 889 4.8431 I RAMCO GERSHENSONPROPERnES RPT CASH 12.000 24.9800 299.760 20.160 6.7254 TRuSTFAD SRI r SIRIUS SATEUJTE RADIO INC SIRI CASH 1,000 1.6600 1,660 TOO INC TOO CASH 15.600 16.2200 253.032 Total Equities& Opt1ons 33.779,512 3104,483 TOTAL EQUITIES $3,779,512 5104.483 SUSSECIO 1N9 ANDS YOUR TOTAL ESTIMATED ANNUAL INCOME 3104.483 YOUR PRICEOPORTFOLIOHOLDINGS $3.807.979 021 C4»03 1345 col 1912 Lit:Si-COO- V.L43 EFTA01324480 CLEARED netooce. 03 "MOLLY Gnw SuelSOARY OFFICE SERVICING Mai ACCOUNT Bee Sans Searefes Carp Bear. Steams & Co. Inc. BEAR 383 Madison AKFlUO NM York, New Yak 10179 One Wooer), Cana Tint ITaratr. Sato Yak 11201-2S59 STEARNS (21 2) 272-2000 12121 212-1000 JEFFREY EPSTEIN Sas !RAW PER*00 July 26.2003 Mown AuguSt 29.2003 Transaction Detail sawn sure 03%28825 172 TAAPAVCA TAMER On Fie DIVIDENDS LAS STAltutirer July 25.2003 DATE otscaracet snow:tee COMM RATE 0) DEW ate CREPT AMOUNT 08/21/03 HOSPITALITY PROPERTIES TRUST HPT 2.000 0.7200 1.440.00 Ste REC 07/23/03 PAY 09/21/03 0 08/25/03 HRPT PROPERTIES TR-SBI REC 07/25/03 PAY 08/25.03 HRP 10.000 0.2000 2.000.00 z TOTAL 53.440.00 m INTEREST C in DATE DESCSTION STWOL/CUSIP Doom PATE rs.) DERR ARDOR! Mr *CLINT 08/21/03 INTEREST ONCREIXT BALANCE 0.5000 10.77 z AT 0 1/2% 07/21 1NRU 08/20 TOTAL 510.77 r STOP End of Statement 9ZLSSEOCIA19- ANGS 021 OBICY3Ail AS COI V012 I8 tr.) 00 EFTA01324481 CLE•REO 11000* 1.20.1Y OWMID ma SERVICING YOUR ACCOUNT be. Seen Sweeties Corp. Bear, Steams & Co. Inc. BEAR 383 Median Avenue Coo Ihoteltch on MOM 002.20% rev at 20 son STEARNS New kVlc. New Yoh 10179 (212) 272-2000 RIa 272.1000 JEFFREY EPSTEIN ACCOUNT EXECUTNE ZICHERMANIRA STATFUENT PERGO Art 28. 2003 TELEPHONE (212)272-4189 TIOIOU0.1 lt.ty 25. 2003 VISIT OUR WEBSITE swm.bearsteans.com Accourt mattes 038-28825 X72 What's In This Statement 111110111IIIIIII LI * *AY* wailIER On rue LAST SWIM.* NV 27.2003 Financial Summary 3 JEFFREY EPSTEIN Your Portfolio Holdings CJO FINANCIAL TRUST COMPANY 3 ATTN JEANNE BRENAN Transaction Detail 5 6100 RED HOOK QUATER 8-3 0 ST THOMAS VI 00802 0 z m C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL VAWE CS SECURITIES DRS MeV 3.976 848 Case & (quintet --I $26.016 $17.496 NET CREDIT BALANCE 25.016 $3.976348 rouble $3.627.477 PET ECIUTlY 11103 PER100 $4.001.864 Current reents value NET EQUITY LAST STATEMENT 3.944.973 NI Last statement's market wok. r CHANGE SPICE LAST STATEMENT Tx peal*, Wades eft et len tnorme won* roc as rot 56,891 rielniqh M TS; Wee (I 140144 401I* Net SWO MG Paled There are no 'Stop Loss" orders or other pending buy or sell open orders on file for your account. LZLSS£00 INS ANDS cies no* *to anew* te rinNael et aware - ems eteteenfee *op* b yoo wis tureen it kw eeemwsme yawn« owe. rt-ct remeee as MA Caveat to tette farces at IO2.1.34-.1411 et we to. Cent Siretel at Seer. Sea-4 *Ott* netwww 09M M rtaned* yew tt00* Set tent*** Re *pedal ntemeraecn Cap. *a Iteeneen C.an *en. Om** et Y 1110, 122.9 027 07260)..t0-09 001 1811 6 I r8ZZOOV1d3 EFTA01324482 CLEARED /111101.1CM RS Agar 00120 SUSLOIARY 716le SWIM - Cep. icy Cole Ali 6101101. Nes, Yong 1120141159 (2121 272 10:0 JEFFREY EPSTEIN 2 as 0 -n STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r SZLSSEOCIA19- ANGS 021 07/21.03.1009 aol 11311 I S IJ V.2 00 IN) O EFTA01324483 MARC, TH770.077 n en7002 AND) StaleeDIARY OFFICE SERVICING MA ACCOuNT BEAR Beer. Steams 8 Co. Inc. 383 Madison Avenue Ow Oeer. Sterns SAVA CA. Menteen Gael Nerth &0•A 1107 TA 117014,59 Now York. New Yak 10179 STEARNS (212) 272.2000 (212127220W JEFFREY EPSTEIN 1 as $76737002 PERICO Arse 28. 2003 TIAOUOK Ail 25.7003 ACCCUYI UAW 038-28825 272 Cash Flow Analysis Income Summary MAW" µeye On me DAPS= ms Pl7100 YLAR 70 OAT us* STATEWENT June 27. 2003 OpeningBalance S17,496.11 Omdends 7,511.60 51.494.08 Other Cr./dards 0.00 3,162.50 OniCendsAnterest 7.519.97 Muri Bond Int 0.00 9,162.43 Amount Credited $7.519.97 Credit BSc* Int. 8.37 457.61 0 Net Cash Activity 7.519.97 Total $7 519 97 564.276.60 z T ClosinsiBalanca 525,016.06 E I Portfolio Composition Castitash Equivalent 25.016 Cash Balance Summary m 07717.1116 0.05.94 Footles 3.976.646 z J Cash Net Cash Balance 17.496.11 7,496.11 25,016.08 525.016.08 Total 54.001.864 Your Portfolio Allocation r Cash & CeUivelent — <1% Your Portfolio Holdings CASH & CASH EQUIVALENTS wean 6USSE00- 019- ANGS ESWATED 0.1611017 Otscererav 571142.2176. DtIeMIrIY Pea AWE /MAL 11103UE MO (IQ CASH BALANCE 25.016 TOTAL CASH & CASH EQUIVALENTS 625.016 99% LbW•01. P360IS beige C.U1 ulara7 rev ear Mete! Nat rh• AAA now • dor6A fru" we AMA rout vthe a KV COMA. 027 072603.1009 0)1 rn I S b.) V.2 00 V.2 EFTA01324484 CLEPAID TIRCOOM ITS YmNAY OVAED SLIMOIARY COME SERVICING VIP ACCOUNT Deb Stars Secbtet Cap. Sew. Steams & CO. Inc. BEAR 383 Madison Avenue New Yoh, New Yak 10179 Cat blettled, Cane wadi *nee, Nis brit 11201-3659 STEARNS (212) 272-2000 12125272.1000 JEFFREY EPSTEIN 4 us STATratiT .moo Jute 28.2003 THAVJGH July 25. 2003 Your Portfolio Holdings (Continued) •CCWM! IaA 038-28825 212 EQUITIES TAXPAYIT PAW 011 Fie AST STATTPINE June 27.2003 Equities & Options ACCT WR%O CS16IARD COMM CESCRPTIO9 SELIKUCUSIP TYPE 0.1017119 PbCE MIA Ammo=Je 5100 ne CANHORN CHEMICAL CORP CNCPF CASH 19 Crated CROWN AMERICAN REALTY TRUST CWN CASH 5,000 11.2300 56,150 4.300 7.6581 FELCOR LODGING TRUST INC FCH CASH 2.000 8.5900 17,180 GLENBOROUGH REALTY TRUST INC GLB CASH 2.000 19.9003 39.800 3.440 8.6432 -n GUMCHER REALTY TRUST-S81 HRPT PROPERTIES TR-SBI GRT HRP CASH CASH 2.000 10.000 20.9000 9.2600 41,900 92,600 3.846 8.000 9.2010 8.6393 C HOS►PITALJTY PROPERTIES TRUST HRT CASH 2.000 30.7500 61,500 5.760 9.3659 in Sal JOHNSON& JOHNSON JNJ CASH 57,800 52.2300 3,018.894 55.488 1.8380 KRAMONT REALTY TRUST KRT CASH 2.000 16.9500 33,900 2.600 7.6696 PM PACIFIC RETAIL PROPERTIES KIP CASH 436 41.7000 18.181 889 4.8897 INC RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 24.2900 291.480 20,160 6.9164 r TRUST-MD 581 SIRIUS SATELLITE RAM INC SIRI CASH 1,000 1.6310 1.631 TOO INC TOO CASH 15.600 19.4700 303.732 Total Equities& Options $3,976,848 5104.483 TOTAL EQUITIES 53,976.848 5104,483 OELSSEOCIN9- ANGS YOUR TOTAL ESTIMATED ANNUAL INCOME 5104.483 YOUR PRICEDPORTFOLIOHOLDINGS 54,001.864 027 07/MA11009 Cal 1611 rn IJ 1.2 IJ IJ EFTA01324485 64M0 TRROuGn v*CRLY OWNED SUISOORV emu SERVICING YOUR ACCOUNT Beer. Steams & Co. Inc. No. Awns Scenes Co.. BEAR 383 Macison Avenue New York. New Tont 10179 Owl Uomnech C0U. NVT tool*. law Vet II 201.338511 STEARNS (212) 272-2000 (212) 272.1080 JEFFREY EPSTEIN 5 of 5 87ATEPART PE/000 June 28.2003 77.2008 ./uR 25. 2003 Transaction Detail ACCOUNT maeect 03648825 X72 'mount RuuSER On Fee DIVIDENDS LAST STATUARY Are 27, 2003 cart DISCRIPTOI TOSIOUDAIP OANTRY RUE m DUN AMOUR CORM near 07115/03 GLENBOROOGH REALTY TRUST INC GLB 2.000 0.4300 860.00 AEC 07701/03 PAY 07/15/03 07/15/03 GUMCHER REALTY TRUST.SBI GRT 2,000 0.4808 961.60 0 07/15/03 REC 0673003 PAY 07715103 RAMCO GERSI4ENSON PROPERTIES TRuST4A0 SN RPT 12.000 0.4200 5.040.00 RE 06/3003 PAY 07715.03 ii anew suencerr REALTY TRUST REC 062803 PAY 07/1801 KRT 2.000 0.3250 650.00 TOTAL 57.511.60 C rn INTEREST DATE oFscamow sum/cum OLVIRITY RATE N OM WWII caw moan 07721/03 INTEREST ON CREDIT BALANCE 0.7500 1.45 AT 01m% 06/21 11/11062/ 07/21833 INTEREST ON CREDIT BALANCE 0.5000 6.92 r TOTAL AT 0 1/2% 05r25 TIRO 07/20 58.37 TELSSEOCIA19- ANGS End of Stetemen on O7/2933.1001 001 %SU Tn I8 IJ IJ oD V.2 EFTA01324486 CLEARED tomoracm Its musty memo surname. OFFICE SERVICING YOUR ACCWJT — Seem Swoon Carp Boar. Stearns Si Co. Inc. BUR 383 Madison Aroma New Tot. New York 10179 owe M ath Caner len tenon" Kea Yeti 1120148311 STEARNS (212) 272-2CCO R121 272.100D JEFFREY EPSTEIN ACCOUNT EXECUTIVE ZICHERMAN.IRA nanytmarr need May 31. 2003 TELEPHONE (212)272-4189 nramuOm Ace 27. 2003 VISIT OUR WEIXSITE eww.bearsteamscom ACCCCAIT PLUMP 03B-28825 x72 What's In This Statement IllrlllrllleeleII II TAXPAYER WATER On rile JEFFREY EPSTEIN LAST STATX14111TT May 30.2003 Financial Summary 3 Your Portfolio Holdings 4 CIO FINANCIAL TRUST COMPANY ATTN JEANNE ORENAN Transaction Detail 5 6100 RED HOOK (WATER B-3 Fund Activity 6 ST THOMAS VI 00802 0 Your Messages 8 m C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL VALUE OF SECURITIES THIS PERIOD' 3.927.477 Cash & Eouwassec jar S548.819 important Message Confrmaton: Unless we hex from you to the coruary. It is o NET CREDIT BALANCE 17.4% $3.927.477 urderstanding WI any tree routes 14.061.448 credit balances in your NET EQUITY Tic PERIOD account are being 53.944.973 maintained to fateitate Inane 51.200.000 your intention to invest r NET EQUITY LAST STATEMENT 5.799.343 such amounts through us. MI el:tient made( MU! CHANGE SIC LAST STATEMENT .1.854.370 Last statements market rake m* Foible Inealas SM Pr nen ~tad PlopRol IN Ara ti RAMS Fns Tatn1 VAR S feattepe gni Ihe Pat 00/12114 Pal There are no 'Stop Loss orders or other pending buy cr sell open orders on file for year account. ZELSSEOCIND- ANGS Menu Axel ley &fleet n Treeeeetain a Palo ee 'beta. ValcOns n gebone la eau CIem Samoa at aa14.14.142. or urn b Cant SeNore Cove. Ow Kern Comp eerie CIIIXICIr. NV 112014114 Mb Sinatra SeauXen slipc me wawa for trenreens wean arra. Ireft in yeti .earn Sox town TVs Yemeni end: be Menne Tx a tit 000rteel. OR fee keetonael fIernoetel 027 0628133.12.00 COI EFTA01324487 CLEARED 210000n ITS WmOuv Orta20 $UISSODIPAY Ser. Span Searle 2.077. at arta c.. SET Vaal" 71e• Yett 11201411571 22121 2721030 JEFFREY EPSTEIN 2>I 0 0 E I STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r EELSSEOCIA19- ANGS 027 060603.12-00 001 vtDE EFTA01324488 =AMC TioltOuGN RS RACILY OWSICO SUES ONRY OFFICE SERVICING YOUR ACCCONT Beer. Steams & Co. Inc. Ma Simms Swat) COP BOAR 383 Madison Avenue New Yak, New York 10179 Ono Iletrelycli C— 'on &oat" Now 'fort 11201412S STEARNS (212) 272-2C00 MI) 212.1o:o JEFFREY EPSTEIN 3 al • rowan ARCM IMy 31.2037 noiottaii June 27. 2003 ACCOUNT WSW 035.23825 Cash Flow Analysis Income Summary TAXPAYER Malt On Fib MS M 1115 MECO YEAR TO OATE OAST STATERENT May 30.2003 Opening Balance 5123,298.47 Din:lends 15.169.36 43.982.46 Other Dividends 583.22 3.162.50 Securities Sold 1,200,000.00 Muni Bond fra. 1.842.74 9,162.43 Money Find 424.487.67 Credit Balance Inc 81.52 449.24 DIvidetx/stIntetest 17.093.62 0 Amount Credited 51.641.581.29 Total $17,676.84 $56.756.63 Z T Money Find -383.65 T I Funds Withdrawn -1.747.030.00 Portfolio Composition 5 Amount Debited $.1.747,383.65 Cash/Cash Equn-alem 17,496 m Net Cash Activity -105.802.36 (MACS Total 3.927,477 ClosingBalance 317 496 11 53,944.973 Your Portfolio Allocation r Cash Balance Summary OPENING CLOSING Cash & Equivalent <1% Cash 123.298.47 17,496.11 Net Cashaelance 5123.298.47 517.496.11 PELSSEOCIN9- ANGS Equities 99% Kel0 , 4 Proli POE Wm), a ave.. 7.707 ryas Rouen Ton omega Wee 1..;• A 0 , 611.4 yen 1.• manor mane rata a root zetNIR 027 WM3.12 00 COI '11041 rn 8 IJ 00 11,2 0". EFTA01324489 CWRCO TROUGH ITS ?meter Ormi0 SueMeAv OFFICE SERVICING YOUR ACCOUNT as. — Ste_ 003. Bear. Stearns & CO. Irt. BUR 383 1.100C41 Avenue One lament Ceram Moth Monet Ns Van- 112014550 STEARNS New York. New Yak 10179 (21 2) 272-2000 121 21 272.100) JEFFREY EPSTEIN summer PRIMO Vey 31.2003 TRInuoto At* 27. 2003 Your Portfolio Holdings .403.tir rumen 01928825 572 CASH & CASH EQUIVALENTS Recomert µ1.mER On rtle 'Asir re tworT May 30.2003 im101 MAT0 GUM 0001,031 Seee.0.62P Oueernr MU( ANNUAL 1MCM YEWMI (%) CASH EIMANCE 17.496 TOTAL CASH & CASH EQUIVALENTS 517.496 0 EQUITIES Equities & Options m Par 1A1RICE1 ESMATED 0.10110 DESCRIPTION SYMOU01911 ME COUffilY MIX Welt MkUAL MOM MID IV C CAMIORN CHEMCAL CORP CNCPF CASH 19 Unprked in CROWN AMERICAN REALTY TRUST CWN CASH LOCO 10.4800 52100 4.300 8.2061 FELCOR LODGING TRUST INC FCH CASH 2.000 7.8003 15.600 GLENBOROUGH REALTY TRUST INC GIB CASH 2.000 19.4800 38.960 3.440 8.8296 GUMCHER REALTY TRUST-S81 OW CASH 2.003 22.5100 45.020 3.646 8.5429 HRPT PROPERRES 111•SW HRP CASH 10.000 9.2000 92.000 8,000 8.6957 r HOSPITALITY PROPERTIES TRUST Sel HPT CASH 2.000 31.1400 62.280 5,760 9.2486 JOHNSON& JOHNSON JNJ CASH 57.800 51.5400 2,979,012 55.488 1.8626 KRAMOnfr REALTY TRUST KRT CASH 2.000 16.8800 33.760 2.600 7.7014 PAN PACIFIC RETAIL PROPERTIES PRP CASH 436 39.6900 17,305 889 5.1372 SELSSEOCIND- ANGS INC RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 231900 278.280 20,160 7.2445 TRUST4AD 581 SIRIUS SATELLITE RADIO INC 588 CASH 1.000 1.6400 1.640 091 012110312-03 0:11 Na IJ V.) a 00 IJ EFTA01324490 CLEueto ristann ris nectar Ow= avower OFFICE SERVICING YOUR ACCOUNT BEAR Bear. Stearns & Co. Inc. 383 Mattson Avenue evenue M. Sean Sean es Cap. , fee/ *Mt Scoop% Am rot 11201.3BSSfr Now York. New York 10179 STEARNS (212) 272.2000 1214 272.1C00 JEFFREY EPSTEIN 5 or I summer PERM ray 31. 2003 71wµ10.4 km 27.2003 Your Portfolio Holdings (continued) ACCDPAIT VAISER 038.28825 X72 'TAXPAYER KAMM On FIO LAST STAMYVIT Ilay 30.2003 Equities 8 Options (COrtinue0) SW soma CIMJAT0) CUtaft.1 OtSCR•10. Slat/CUSP WPC Oamv Ma mi.( Amu.. IsCOm 1IL re TOO INC TOO CASH 15.600 19.9500 311.220 Total Equities& Options 53.927.077 5104.483 O TOTAL EQUITIES 53827.477 5104.483 -n YOUR TOTAL ESTIMATED ANNUAL INCOME YOUR PRICEDPORTFOLIONOLDINGS 5104.483 53.944.973 C in z Transaction Detail INVESTMENT ACTIVITY r SITTLESIOR DATE 06/18/03 Iltatt out 06/18/03 misstate SOLD Mane METROPOUTAN TRANSN AUTH NV SYMSClatUSS, 59259RED2 OUMMTY -1,200.000 PRICE 100.00000 DEW WOW OR /MOW 1.200.000.00 REV REDO-5ER 0-2 CUE 11/01/2032 01.000% ACCR. INT. 540.82 SUEU TO EXTRA ORD CALL EE OPT PUT TO YIELD 1.000 %TO MATURITY 9ELSSEOCIN9- ANGS TOTAL 51,200,540.82 027 C.10.03:11•CO COI veal 8 b.) b.) 00 00 EFTA01324491 0.E4RED TWOS.. ITS MOAN ',MAO SubStun CEF10E SERVICING YOUR ACCOUNT Beer. Steams & Co. Inc. Beat Stints koalas Ccep. BEAR 383 Madsen Avenue New York. New York 10179 o't Yemen Cate NOT bootIr. Maw net 11201.1969 crin2/24000 SIMMS (212) 272.2000 JEFFREY EPSTEIN 6 as sunowar Ptle00 May 31.2003 Thp•Or.et June 27.2033 Transaction Detail (continued) ACCOuNT KAMER 038-21825 X72 TAIMAYER POWDER On Fie DEPOSITS AND WITHDRAWALS LAST s-Ankor lasy 30.2003 Oat TRANSACDON DESCRI01004 015,1 mucuvT cstton M100NI 06/18/03 END WIRED MDARM8534047ENDS WIRED TO 1.047.000.00 MORGAN CHASE BANK AC665-502334945 FI740341474 m SOLD u 06/19/03 END WIRED PADA* TAB534678FHOSHIRED TO 700.000.00 PLiORGAN CHASE BANK AC739110438 FOr02181 TOTAL S-1 747 cocoa -n MONEY FUND ACTIVITY C in OAR MOW 05/31103 RNdAttOl COUSTICH OPENINGBALANCE SYLOXVO.e. 423.520.80 OW' WOW MON AMOUNT 06102/03 DIVIDEND DREYFUS TAX EXEMPT CASH DEW 383.85 MANAGEMENT MIL SH MONTHLY DMDEND 06/02/03 REINVEST DREYFUS TAX EXEMPT CASH DEW 383.65 383.65 r MANAGEMENT NSTL SH NVICENO REINVESTED 05119/03 SOLD DREYFUS TAX EXEMPT CASH DECO( -423.904.45 1.24200 423.904.45 IMNAGUENT NSTL SH 06/20103 DIVIDEND DREYFUS TAX EXEMPT CASH DECO( 199.57 IMMOMENT NSn SH DNS LELSSE00-019-ANGS 06/27/03 CLOSINGBALANCE 0.00 TOTAL S-363.65 5424.487.67 027 Of.29.,3 001 VII011 8 IJ 00 410 aJ EFTA01324492 QO TWOS./ as WHOLLY OAFS 8.2880Mite OFFICE SERVICING YOUR ACCOUNT Bete. Stearns & Co. Inc. Dear. San Smuts Cap. BUUR. 383 Mattson Avenue New York. New Yak 10179 One Ihrtatcrs Cent MAP irodOln Not at 1201.3859 STBcRNS (212) 272-2000 (2121 2/2.1000 JEFFREY EPSTEIN STATIVANT WIE00 /My 31.2003 notann June 27.2033 Transaction Detail (continued) action ni 038.28825 372 ympwrit MAW On Fie DIVIDENDS LAST STAWHEPa May 30.2033 DMZ DESCRIPTOR SYMOOLCUSW Orman watt (4) DOA MOM CREW AMOUNT 06110103 JOHNSON& JOHNSON JNJ 57.800 0.2400 13,872.00 NEC 05/2003 PAY 06(1003 06/13/03 CROWN AMERICAN REALTY TRUST CWN 5.003 0.2150 1.075.00 REC 06)203 PAY 06113.03 06/13/03 PAN PACIFIC RETAR. PROPERTIES PNP 436 0.5100 am NEC 03/23/03 PAY Cen1,03 m TOTAL S15 169.36 INTEREST ci m can DESCATITEN MAIOUCLISP CLAIM RATE Oil DESET AVOW CREME MA3Ula 06/02/03 METROPOLITAN TRANSN AWN NY 59259RED2 1.200.000 1,301.92 REV PiDG-SER 0-2 H DIR 11/01/2032 1.150 REG IIIT ON 1200000 EINO REC 05/3003 PAY (26/02/03 06/23/03 INTEREST ONCREOIT BALANCE 0.750D 81.52 r TOTAL AT 0 3/4% 0671 INK 0620 8ELSSEOCIAID- ANGS '184 tri 4 8 IJ 00 1.0 O EFTA01324493 CLEARED TOOLIM 11,4 ymoux OM.) SuBSDLARy grief SIDenCiNG YOUR ACCOUNT Inc. Aura Moan Com Bear. Steams & Co. Inc. BEAR 383 Madsen Avenue New Year. New York 10179 os IMMoch C— NVP boo*" It. Vet 11201.4459 STEARNS (212) 272.2000 I21Z 2724009 JEFFREY EPSTEIN 01 STAMEN? Pf1000 they 31.2003 ineocuem lune 27. 2003 •ceourt realm 03628525 X72 TwAym Malla On Fie Your messages LOW STAMM0 ?My 30. 2003 Ca' are With interest rates at their lowest in 45 years. income oriented clients reminded of the risks inherent in attempting to maintain a increase the average yield on a tired income portfolio. Generally. securities carrying a higher yield come with some combination of 0 added credit risk. extended maturities, reduced liquidity. or special call features. Rising interest rates can cause a decline in the market value of your portfolio. which wi impact your principal if z securities are sold prior to maturity. Please consult your Bear Steams -n account executive if you would like to discuss your fixed income portfolio. As a leader in Fixed Income. Bear Stearns can analyze any portfolio. held here or elsewhere and make recommendations C such that your portfolio is aligned within your tolerance for risk. in z J End of Statement r _ 6£LSS£00 IND ANGS 027 01/2803.1290 WI MOE I Et8ZZOO-V.L.43 EFTA01324494 eLEARID SWUM. ITS MOLLY SSW SUSOMAY OFFICE SERVICING MAI ACCOUNT bur. Slam Swam Can Sew. Steams a Co. Inc. BEAR 383 Madison Avenue Ore Idarainti C— boot*. NM vet 11201.3430 STERNS New Yak. Nov York 10179 (212) 272-2000 12121 272.1030 JEFFREY EPSTEIN ACCOUNT EXECUTIVE ZICHERMANTRA MISES mace April 26.2003 ITLEFicen (212)272.4189 TISOCCIt 'An 30.2033 VISIT OUR WEBSIIT winttearsteams.corn ACC.CiJeT Sellet 03826825 02 What's In This Statement IIHIIIIIIIIIIIIIIuIuulII ISMS. KAMER On rim JEFFREY EPSTEIN LAST STATtlabT April 25.2603 Financial Summary 3 Your Portfolio Holdings 4 CIO FINANCIAL TRUST COMPANY Transaction Detail ATM JEANNE BRENAN 6 6100 RED 1400K QUATER B-3 Fund Activity 6 ST THOMAS 1/1 00802 -n C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL VALUE OF SECURMES THIS FERRO- 8251./148 Cash & Erstinakrt AM " 4419 1541.749 LONG ACCRUED INTEREST 1.076 EqutieS $4.061,448 NET CREDIT BALANCE 123.298 $4,138.7$5 MONEY MAWCET FUND MANCE 423.521 Ned 51.200.000 Income 51.200.000 r MR town nos memo $5,799,343 parent market vatic NET EQUITY LAST STATEMENT 5.881.585 - last statements mite nee CHANGE SMCE LAST STATEMENT -82.242 ^ Ns Denbo Ma . dr or nen usifbid wallas IS news hts ea sow et Swam an. S• MI &At TWO holed. OPLSSEOCIND- ANGS There are no 'Stop Loss' orders or other wars buy or sell open cadets on file for yaw account. Phase noel Sy Serene Cr raincein if ainki et 'bate dialwid • bb. Trio sunny is fee Wommatoi Talons orly. T Is no ',m%-0 num coamas. ems Sven at 103614, 17*. ante n Sell &Manliest cwt Faint The weemin snak t4 mune, lw yxr moans. See mem sib 1X Ontaial interaecn Coe. 0w Vennn, Cris Seri ilintar, N.. 11201-31130. 027 0331033 5 30 001 3614 EFTA01324495 =ARGO 714101030 rrs 10.11OLLY SoSSOwtf olto. Sten St-0nm Cap. Cr* Mercian Cato NOM ikomays. W. Tat 11701.3039 21a 212.1000 JEFFREY EPSTEIN 2 a• C) 0 -n STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r TPLSSEOCIA19- ANGS 027 0513110.t15:30 001 V0.14 8 IJ 00 EFTA01324496 CLEARED natant rrs %W1/ 0s. sumeacture orra SEFroCDIG YOUR ACCOUNT Bear. Steams & Co. Mc. Beat Sun Staten Cet. BEAR 383 Madison Avenue Ott klantach Center WV Ertel," Mee York 11201, 3859 STEARNS Now York. New York 1O179 (212) 272.2000 I212J 272.ICCO JEFFREY EPSTEIN 3x7 STATEMENT PERKO Apt 26.20O3 THROLOI May 30.2003 Cash Flow Analysis Income Summary Accouter sweet taxPAYFR µAMA 018-20825 777 On Fie nes PI MO DC moo MR JO DAN LAST stnektner pi 25. 2OO3 Opening Salome 3118.592.07 Pviderds 3.440.00 26.813.10 Other Dmdends 363.57 2.579.28 Money Fund 363.57 Muni Bond Inc. 1.19138 7.319.69 0 DMaendsiknerest 4.706.40 Conk Balance Int 74.62 367.72 0 Amount Credited Money Fund 35.069.97 -363.57 Total $5,069.97 339.079.79 m Amount Debited 5.363.57 Portfolio Composition Net Cash Activity 4306.40 C CasKash Equivalent 546.819 in ClosingBalance 3123,298.47 Equities Fixed Income 4.051,448 1,200,000 Total 35.790,267 Your Portfolio Cash Balance Summary Allocation eetterc 0.051.3 r ChM NetCasti Solana 118.592.07 3118,592.07 123.298.47 5123.298.47 Case L Equivalent 9% Fits Income 21% ZPLSSEOCIN9- ANGS Eqeeses 7O% 1.1.,..a0.1 Wee* dem* eget Wane* raft, sr., fun* rsts.4 rie tra-Lips. • Onvd P• am** "now Mn or v....v:01,4. 027 05,31,03 15 3C COI 544 EFTA01324497 O.EMF.0 TMOUCRi as MliCtLY ornao Suesobure OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. Beet _s Multes Cap. BUR 383 Madeson Avenue New York. New York 10179 one lemottat Cn LIM Iteder, We m 20 3859 STEARNS (21 2) 272-2000 12111 211.1000 JEFFREY EPSTEIN 4 or S•.ATtteYT PfR770 *1 26.2003 7747eCtsGM May 30.2003 Your Portfolio Holdings CCOIMT HAMER 038-2/1825 X72 CASH & CASH EQUIVALENTS TAWAYIA NI.MOCR On File trArewee April 21. 2CO3 MAW IMMO= COMIC DESCAIPTON SYI awn euu MCC mama MOW MO ro CASH BALANCE 123.298 DREYFUS TAX EXEMPT CASH DEM 423.520.80 1.0200 423.521 4.235 1.0000 0 MANAGEMENT INS% SM EST 30 DAY Ave DEW 1.0400% TOTAL CASH & CASH EQUIVALENTS 5546.819 54.235 -n EQUITIES C Equities & Options in COMMA MA:LP 60 ACCT Mt MAMMY FREI IMMT VALUE [MIAMI IMAM HCCM GUMMY vItt0 III CANHORN CHEMICAL CORP CNCPF CASH 19 Unread CROWN AMERICAN REALTY TRUST CWN CASH 5.000 10.0400 50.200 4.300 8.5657 FELCOR LODGING TRUST INC FCH CASH 2.000 8.4900 16.980 GLENECROUGH REALTY TRUST INC GLB CASH 2.000 18.6500 37.300 3.440 9.2225 r GUICHER REALTY TRUST-SBI HRPT PROPERTIES TR-S84 GRT HRP CASH CASH 2.000 10,000 21.8200 9.4900 43.640 94.900 3.846 'LOCO 8.8130 8.4299 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 31.5900 63.180 5360 9.1168 581 JOHNSON& JOHNSON JNJ CASH 57.800 54.3500 3.141.430 55.488 1.7663 KRAMONT REALTY TRUST KRT CASH 2.000 16.2500 32.500 2.600 8.0000 _ PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 39.2900 17330 889 5.1897 NC RAMCO GERSHENSONPROPERnES RPT CASH 12.000 23.3900 280.680 20,160 21826 TRUSTMO Sal £4LSS£00 IND ANGS 06/11033:15c30 001 Vau SEV8ZZOO- V.L43 EFTA01324498 Cam= THROWN ITS weiruT CvsNi0 SJOICAARY OFFICE SERVICING YOUR ACCOUNT Elew, Stearns & Co. Inc. Y. Awns sweiln On. BEAR 383 Madsen Manua New York, New York 10179 Ors memo Now 10 taw" -yea 11201.3461 STEARNS (212) 272.2000 (2121212'1060 JEFFREY EF5TEIN 5 a7 stamen moo aora 26.2003 newer May 30.2003 Your Portfolio Holdings (continued) r.cocton 10.w61 038.223125 172 TAXPAYER suat ell RN LAST rrAmaerr Apri 25.2003 Equities & Options (continued) WKS 13TPIA731) CURRENT CESCRIPTICM STP18000212P COMM PACE VALUE PIMA/ WWI '110(14 SIRIUS SATELLITE RADIO INC SIRI 1.000 1.6000 1.600 TOO INC TOO CASH 15.600 17.4300 271.908 0 Total Equities& Options TOTAL EQUITIES $4,051.448 $4,051,448 $104.4133 $104.483 -n FIXED INCOME C in Municipal Bonds ACC7 AIX:qt.( 0 ESTIWATED CLPAP27 0131CRIPIKS TRABOLCUS, WARTY PPICE 30.03231 vALiX TirtRIST ml,UM RCM MO RI METROPOLITAN TRANSN AUTHNY 59259RE37 CASH 1.200.000 100.0000 1.200.000 1.076 13.800 1.1500 REV RFDG-SER 0.2 DATED DATE 05130/02 9302 ENTRY ONLY TSA INSURED DUE 11/01/2032 1.150% RAMC: SOP A.1.. r Total MunicipalBends $1,200.000 $1.076 513.800 TOTAL FIXED INCOME 51,200.000 51.076 513.800 YOUR TOTAL ACCRUED INTEREST 51.076 _ YOUR TOTAL ESTIMATED ANNUAL INCOME $122.518 YOUR PRICEDPORTFOLIOHOLDINGS 55.798.267 trI7LSSE00 INS ANGS 027 03/3,01.15 30 301 v644 9EV8ZZOO-V.L.43 EFTA01324499 MUM Tiled witU. 00019) SUMMARY OFFICE SERVICING YOUR ACCOUNT twat. Ream Stoats Co Beer. Stearns & Co. Inc. BEAR 383 Matrison Manua New York. New Yak 10179 One *Octet!. Cenw Not iraori. Kos Yak 112014139 ‘212) 2)2.1000 STEARNS (212) 272.2000 JEFFREY EPSTEIN 6 {f STAItter4T insto0 Arl 26. 2003 IMy 30.2003 Transaction Detail ACCCoNT NuweER 019.28025 Xn TAx•Avet NURSER 0n File MONEY FUND ACIWITY LAST IITATINENT Ion 25.2003 OAR la2MAY TR.INS.CD3N DESOIIMICN 511.4CUCUSIP mum rwca con mow attar art 04126/03 OPENINGBALANCE 423,157.23 DEC0 363.57 05/01/03 OMDEND B.MILINES 0 090103 REINEST MCKOILY DMDEND EERS TAX CASH MIDIT OMR. SAN CASH DEEC( 363.57 363.57 -n DIVIDEND REINVESTED 05/30/03 CLOSINGBALANCE 423.520.80 C TOTAL 5463.57 5363.57 in DMDENDS DATE 66501•1106 SYWOCUOUSP OUVRITf WE III OCR" MOM CREW maw 0.922/03 HOSPITALITY PROPERTIES TRUST HOT 2.000 0.7200 1,440.00 581 REC 04/9907 PAY 0922/03 r 05/23/03 IMPT PROPERTIES TR-93/ REC 04/2903 PAY 0923/03 NRP 10,000 0.2000 2.000.00 TOTAL 33,440.03 INTEREST SPLSSE00- 019- ANGS OW 0CSCRIMION SYNIICL.V.,SP warm RAH DI) OM AMOUNT CREW AMOUNT 05/01/03 METROPOLITAN TRANSN AUTH NY 59259RED2 1,200,030 1.191,78 REC 4rwo3~i 027 0101/03:1$10 001 Y644 EFTA01324500 CWflO 11410U0n YTS %TOED' OVentO 'Unbar OFFICE SERVICING YWR ACCOUNT Beer. Steams & Co. Inc. beet. Sienna So en Or. BEAR 383 Madsen Avenue New York. New York 10179 Ore lkinted) Can Parr Orondin. Wv Tryl, 112014/59 STERNS (212) 272-2000 272-10:0 JEFFREY EPSTEIN 74'T STATTWNT PEFOCO An 26. 2003 nnIOUOM NOT 30. 2003 Transaction Detail (continued) ALCOurn MMINVI 038-26825 x72 TwAYEn µAMER On no INTEREST (continued) LAST STATOMMT *I 25.2003 ONE OLSCISOCal SYMBOLCUSJi• OVIMMY OAR MI 'I NT Avon orcon Awoon 05/21103 INTEREST ON CREPT ITAUNCE 0.7500 74.62 o TOTAL AT 314% 04121 DIRU 0920 S1.266.40 0 m STOP End of Statement ci H r 9VLSS£00 IND ANDS 021 4024 SEVSZZOO-VI.A3 EFTA01324501 CLEARED 710101.4.4 rrs Yo110.LY Oat° SLISIDIARY OFFICE SERVICING NUM ACCOUNT 861t Seals Sara. Cap. Beet. Steams 8. Co. Inc. BEAR 383 Madam AVERSE New York. New York 10179 OteMeinCan Gan Nat Kat" Nov Yon 112014869 STEARNS (212) 272-2000 42121 2724000 JEFFREY EPSTEIN ACCOUNT EXECURFE ZICHERMANIRA STATELENT PEFOCO Math 29.2003 TEIEPHONE (212)272-4189 nmoom* Ami 25.2003 vISII OUR WEBSRE wetetbearsteams.cEen LaCCala vain 038-28825 872 What's In This Statement IIIIIII711111111111111111 TATRATER HAMM On Fie JEFFREY EPSTEIN WT STAYDANT Math 212CO3 Financial Summary 3 Your Portfdio Holdings 4 Cf0 FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN Transaction Detail 6 6100 RED HOOK WATER 8-3 Fund Activity 6 ST THOMAS VI 00802 0 m C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL VALUE OK SECURITIES THIS PERIM' 5.338.756 Cash9EAyemin $541,740 5532.782 LONG ACCRUED 'MEREST 1.080 54.138.756 (Calm NET CREDIT BALANCE 118.592 54.166.479 MONEY MARKET FUND BALANCE 423.157 End a 51.200.000 home 51,200,000 r NET Emmy THIS PERIOD $5.881.585 MN Current market atm MI Last statemeMs manic YEW/ NET EQUITY MST STATEMENT 5.899.263 CNANGE SINCE LAST STATEMENT -17,678 "Thl wale Intlate coo or out natal *moan Pot so pa Waal me T{ vs ot Spas am So an Cary ms Pant LPLSSEOCIND- ANGS There are no 'Stop Loss' orders or other pending buy or sell open orders on file for you account. Row tart goy aware m roe-nap a aces a taaa 'doled n a lama a td. 'unman la irtrektat paws. oT/ Yalta wrap Alain awn to Cal Sawn et 10043461428: or an to Cleo Seance of an Starts Sean. Tit Marna Nola N Tana tot woman, 544 Mtn< fat let EnDalla war ian Cost. O. Intaltai Caen Nat. St ! NV tint41C) 027 04/260.1.12 12 101 Ve.41 Ja EFTA01324502 MOM WROUON V.ICtLY MO SUM:twin M. Melts Swann Co.s Ord liciowch tsar art ▪ New M11201-305. • 272.1000 JEFFREY EPSTEIN 2 or 0 0 STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r _ 817LSSE00 IN9 ANGS 027 002403.12 12 COt mS43 Ott8ZZOO- V.L43 EFTA01324503 (WACO '14tara14 rIS 0.140.LY 001133 140202itar OFFICE SERVICING YOUR ACCOUNT 820f. Sniffs 520.202s Cop. Bear. Steams b Co. Inc. BEAR 383 Mattson immue One MttteCh Cora Wei ettoler. Ws Yet 112014859 STEARNS New York. New Ycek 10179 (212) 272-2000 02)272400) JEFFREY EPSTEIN 3 o• trariate PereCO Marto 29.2003 7141:0LcH £01 25.2003 ACCOutCr unapt 038-28825 X72 Cash Flow Analysis Income Summary Toorepart NJW2EX. On Fie Iles Km00 MiSensco waft to con LAZY sTATodeur. much 212003 5109.974.19 Divdends 7.511.60 25.37110 OpeningBalance Other Dnidends 349.64 2.215.71 Money Find 349.64 Muni Cord Ire. 1,033.97 6,127.91 DMdendsanterest 8617.88 Credit Balance let 72.31 293.10 0 Amount Credited Money Fund 38.967.52 -349.64 Total 38.967.52 $34,009.82 z -n Amount Debited Net Cash AttMty M 3-349.64 8.617.88 Portfolio Composition C CasIVCash Equualent 541,749 in CloSinnatenc0 5118.592.07 Equities 4.138.756 z Reed Ircome 1.200.000 J Total $5880.505 Your Portfolio Cash Balance Summary Allocation alma apses Cash 109,974.19 118,592.07 r Net Cash Balance 5109.974.19 5118.592.07 Cash 5 Eelnlient 9% Fixed tarn 20% _ Equees 71% 617LSSE00 IND ANGS UnnIded Arlan On:Y OW — nee OM inn., %Oat Tr. ameba. Newt*, Own, — In abiGUe avelet rah, 4 'OS Need. 027 00.2603,12'32 OW v603 I tt8ZZOO- V.L43 EFTA01324504 CLEARED THAAJADM IDS Maar CANSO SLIESADIARs. oFFCE SERViCs4 YOUR ACCOUNT Bear. Steams Si Co. kit. Bea. Smarm Startles Cap. BEAR 383 Madison Avenue New WA, New Yak 10179 0't Mactecn Certo Rasa 8.004. Roe Mt 11201-3859 STEARNS (212) 272.2000 (212,272ACCO JEFFREY EPSTEIN 4 of 7 sestrucrr PERM Mach 29. 2003 nineekri soni 25 200s Your Portfolio Holdings ACCOura *Anti 038.26825 X72 CASH & CASH EQUIVALENTS TwAYER mAsOCR On File LEST STETCKtir Mann 28,2003 DESCEIPMM WAXER (SWAM CURRENT MAO/CUSP OLLUIDIV PIKE MEE ANNµ ROA( DOD N CASH BALANCE 118.592 DREYFUS TAJC EXEMPT CASH DEW 423,157.23 1.0000 423.157 4.232 1.0031 0 MANAGEMENT INS1L SH EST. 30 DAY AVG MUD 1.1400% TOTAL CASH & CASH EQUIVALENTS 3541.749 54,232 -n EQUITIES C Equities & Options rn ACCE WWI CSMATED CURRENT z EDSCIOPECei CANHORN CHEMICAL CORP CROWN ANTERICAN REALTY TRUST SYMEOUCUIP CNCPF CWN ME CASH CASH GUMMY 19 5.000 MC( Unplug 10.2300 VALVE NNW& WOW DUD 00 51,150 4.250 8.3089 FELCOR LOCOING TRUST INC FCH CASH 2,000 7.1100 14,220 GLENBOROUGH REALTY TRUST NC GLB CASH 2.000 16.5100 33.020 3.440 10.4179 r GLNACHER REALTY TRUST-SBI IMF/ PROPERTIES TR-S81 GRT HRP CASH CASH 2.000 10.000 20.4800 8.9100 40.960 89.100 3.848 8.000 9.3898 8.9787 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 28.5500 57.100 5,760 10.0676 S83 JOHNSON& JOHNSON JNl CASH 57.800 58.2100 3.248.938 55.488 1.7079 KRAMONT REALTY TRUST KFtT CASH 2.000 15.4000 30,800 2.600 8.4416 OSLSSEOCIN9- ANGS Pm PACIFIC RETAIL PROPERTIES PUP CASH 436 39.1000 17,048 872 5.1150 NC ROA4C0 GERSHENSON PROPERTIES RPT CASH 12.000 22.9100 274.920 20.180 7.3330 TRUST-LAO 581 027 IMPASOCIX:IX W7 v643 rn IJ 00 10 EFTA01324505 WAXED niii0vCai ITS ?MOOS OWNED MICE SERVICat YOUR ACCOUNT lex. Aeons Seat Corp Bear. Steams b Co. Inc. BEAR 383 madtson Avenue New York. New York 10179 Ore Werolta Caw Norm Woolen New ha 11201.3459 STEARNS (212) 272.2000 I212)272.1CCO JEFFREY EPSTEIN 5 :4 7 rurEusyr PERO° lAieth 29.2003 Tml1Ovan Apil 25.2003 Your Portfolio Holdings (continued) ACcOttfT WYK. 038-28825 372 TAY/1%KM SAMOCR CAI FM LAST STATUIENT March 28. 2033 Equities & Options (canunued) ACCT wmaT ESTIPAUID CARPI OE505403N 5,1/80LCUSIP Frlt 010/011Y PIta UWE IANOM. .ca 11110 TD SIRIUS SATELLITE RADIO INC SIM CASH 1.000 0.7000 700 TOO INC TOO CASH 15.600 18.0000 280.800 0 Total Equities& Options TOTAL EQUITIES 14.138.758 14.138.756 1104.416 1104.416 -n FIXED INCOME C Municipal Bonds in DC309,110N Tru4OUCUS• ACV nfl CUMTTIY PRICE IMAMS YAW( ACCRUED IMEKST 15114MW WM& MOW CURIONT RID 00 METROPOLITAN TRANSN AUTHNY 59259RED2 CASH 1 2CC 000 100.0000 1.200.000 1.080 16.200 1.3500 REV RFOG-SER D.2 DATED DATE 06/3002 BOOK ENTRY ONLY FSA INSURED DUE 1101/2032 1.350% RAMC: SW A-1 r Total MunicipalBonds TOTAL FIXEDINCOME $1.200003 51.200.000 51.080 51.080 516.200 516.200 YOUR TOTAL ACCRUED INTEREST $1,080 ISLSSEOCIN9- ANGS YOUR TOTAL ESTIMATED ANNUAL INCOME $124,848 YOUR PRICEDPORTFOUOHOLDINGS 55.880.505 04:260112 12 001 V643 8 b.) 00 EFTA01324506 cumwo ~so n WNOUN 0,002.0 MaAv OFF1CC SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. Dec Steens Sautes Lap. BEAR 383 Madsen Avenue New York. New York 10179 Cat kkowern cotm moon wromw Net Vat 11201.3859 STEARNS (212) 272-2000 012) 272.1020 JEFFREY EPSTEIN 6 «7 rrAmerr PEPOD Match 29. 2003 Tela.03H Ave 25. 2003 Transaction Detail ACCOM ~We 03628825 X72 ?WAWA ~WI On Fie MONEY FUND ACTIVITY LeS1 BMW? march 26.2003 0A7! Ør MACAO= OISCAPICIN 5‘140110~ MAWR Fult Ø MOW arm AVOW, 03/29/03 OPENINGBALANCE 422.807.59 04/01/03 DIVIDEND DREYFUS TAX EXEMPT CASH DEW 349.64 kuNAGEMENT SH ~Nu OMDEND 04/01/03 REINVEST DEDO( 349.64 349.64 DIVIDEND REPNESTED -n 04/25/03 CLOSINGBALANCE 423.157.23 TOTAL 5-349.64 5349.64 in DIVIDENDS Mir CESCRIP101 5,1130/022P otomm mtt eri COT MOUNT at CC mama 04/15/03 GLENBOROUGH REALTY MUST INC GUS 2.000 0.4300 860.00 REC 04/01/03 PAY 04/15/03 04/15103 GLIMCHER REALTY TRUST-SEll GRT 2,000 0.4808 961.60 r 04/15/03 REC 03/31/03 PAY 04/15/03 RAMCO GERSHENSONPROPERTIES RPT 12,000 0.4200 5.040.00 TRUS7440 SBI REC 03/31/03 PAY 0415633 04/21/03 KRAMONT REALTY TRUST KRT 2.000 0.3250 650.03 REC 03/31/03 PAY 04/18/03 TOTAL 57,511.60 ZSLSSE00-IN9-ANGS 027 04/260:21012 001 Si Cr1 1 b.) 8 UJ Oo A y EFTA01324507 CLORILO 11.ROLGH ITS MOLLY Omto SueRower OrrICA SERVICING YOUR /COW &a Sten Sanas Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York. New York 10179 en letratell Cam Neal Omar. New 11.1 11201.3859 STEARNS (212) 272-2003 121232T2.10:0 JEFFREY EPSTEIN 7 a7 STerlion7 P0100 MVO 29.2003 nstOU0. Ave 25. 2003 Transaction Detail (continued) P.CCOall NINSER 038-28825 272 TAxemte POSER On Ale INTEREST LOT rricrunta Mann 28.2003 OAT( crscsirncw 511.1130XUSIP CLAIM. WE IV ,[r &VONT CREW ASCON1 04/01/03 METROPOLRAN TRANSN WM NY 592S9RED2 1.200.000 1.033.97 Y REDG- 2 p 1 .59, ha) lb 0 04/21/03 VEST ONCREDIT BALANCE t%03121 THRu 0e/20 0.7500 72.31 TOTAL 51 106.28 -n C in End of Statement z -H r ESLSSEOCIA19- ANGS 0V 04,26.133.12.12 001 t43 8 b.) V.) 00 let EFTA01324508 CLUMP !MOWN n neintAT Wean SLISRIVOY OFFICE SERVICING YOUR ACCOUNT BEAR Bear. Stearns & Co. Inc. 383 84801$00 keine! en Bat See Saunas Cap. Ora imeromm North ORS New Tot 1120141SP New York, New Da 10179 STEARNS (212) 272-2000 1212) 2724000 JEFFREY EPSTEIN ACCOUNT DECUTNE DCHERMANARA stamen Ptta70 Wan 1.2033 TELEFIONE (212)272-4189 71410LKIM Muth 28.2003 VISO OUR KRUM VAYabtallSteaMS.00111 AOCCANT %WEER 038-28825 672 What's In This Statement IllOIIIIIIIIIIIII II TAXPAYER PAPAW* On Fie Last marewma retmery 28.2003 Financial Summary 3 JEFFREY EPSTEIN Your Portfolio Holdings 4 C10 FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN Transaction Detail 6 T4iNROUNO0 6100 RED HOOK (MATER B-3 Fund Activity 6 ST THOMAS VI 00802 Your Messages 8 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECuRriES THIS PEMOD• 5.365.479 Cash $ EeureaMac S$347n stows LONG ACCRUED MEREST 1.002 84.165.479 Nukes NET CREPT BALANCE 109.974 $3$47.4G4 MONEY MARKET FUND BALANCE 422.808 RLO 51.200.000 Irecme 51,603.000 NET EMMY DIM PIRKO $5.899.263 Current market Wee UST statement's Mena value NET EQUITY LAST STATEMENT 6.066.943 CHANGE SINCE LAST STATEMENT -167,680 pantie richats re q nee natant NO- net sr. tat needed n the Tea Vika l Penallei 54 Ti. NO Ewa no Pena. PSLSSEOCINDANCIS There are nO *Stop Loss' orders or other pending buy or sea open orders on file for your account. t.. col any Okra 0. nentocete N aeon et nate hinged et named b m. a Can Senn a .10.34442t awns a Can Sena* a Mar A.:. Sess. Corp. cm 'Heave, erne axe. notart KT fIrar4Ml. sic net %rm." a tee elannkial panne eety n e oN mimeo so d Nit 4c .NT ens stitefran 1.040 Si tetanal tor yea nants nt• Moan Ode la Operate kiltansban 02' 032.103.11 IP COI 1642 9ft8ZZOOV1.43 EFTA01324509 CLEARED 11•10uCm in whiny San SASS Som bum Sson Cop Me Ss Cs PS IrcS. lora Von 112014859 Ca21 272.1CM JEFFREY EPSTEIN 2 d 0 F I STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r SSLSSEOCIA19- ANGS 027 OIMM;11:11 CM VM2 EFTA01324510 CLEARE0 neat rrs witu OV1)40 SUMMARY OFFICE SERVICING YOUR ACCOUNT Se. Stan Semites Cap. Bear. Steams & Co. Inc. BEAR 383 Madison Avenue New York. New York 10179 Sim Morava, Cant Monti MoatAm Nat EA 11201.3859 STEARNS (212) 272.2000 (2123 272.1000 JEFFREY EPSTEIN 3 die STATEMENT 011001) Math 1.2003 EntOvOm Myth 28. 2003 ACCOUNT NJUS/A 038-28825 X72 Cash Flow Analysis Income Summary 7.O01AYES µ1MPER On Fie MS ammo DOS POIXO SA 10 DATE LAST STAMM' raeory 28. 2003 OpeningElalance 5195,638.74 Dividends 12,911.50 17.861.50 Other Ohidends 321.74 1,866.07 Securities Sold 400.000.00 Muni Bor4 In. 1,335.87 5.093.94 Money Fund 321.74 Credit Balance Int. 88.08 220.79 DivIderdsanterest 14,335.45 0 Amount Credited 5414.657.19 Total 514,657.19 $25,042.30 Money Fund -321.74 m Funds Witixtvem -500.000.00 Portfolio Composition 5 Amount Debited S-500.321.74 cash/cash Equivalent 532.782 m Net Cash Ateilty -85.654..55 Equities Fired Income 4.165.479 1.200.000 ClosingBalance $109,974.19 Total 55.898.261 Your Portfolio Allocation r Cash Balance Summary CLOSIK Cash 8 Equiratent 9% Cash 195.636.74 109,974.19 Net Cash Balance rood hconte 5195.638.74 5109.974.19 20% 9SLSSEOCIN9- ANGS EQUILOS 71% Awn.: pmssm Om* SI maw anike our. ...,ac oil. alkatal prol.K0 a CM•Vat r• atoaa• mot., rn tololer 02> 037303'.11 12 00‘ 1e.42 ril I S b.) 00 00 00 EFTA01324511 P. EAss0 MOM. MS WCU.Y Owsto =UMW OFFICE SERVICING YOUR ACCOUNT MT. Mrs Smite/ Cap. Bear. Stearns S Co. Inc. BEAR 383 madison MM.* One /a701901 Cenix Neal Maar. POI YON. 11201.3539 STEARNS New Yak. New York 10179 (212)272.2000 1212)272.1000 JEFFREY EPSTEIN 4 a Stagwear nieso won 1.2003 INROUGM Mann 28.2003 Your Portfolio Holdings AtIMIST viaSER 03.8.28025 272 TAXPAYER Loom Dank CASH & CASH EQUIVALENTS LAST STA:0MM Tebtuity 28.2003 Mt 174‘110 RREM OISCRPIOI 511.60UCDSP GUMMY YAWL MIM13 I WOVE YIELD m CU CASH BALANCE 109,974 DREYFUS TAX EXEMPT CASH OETU 422.807.59 1.0000 4222043 3,805 0.8999 0 MANAGEMENT WSTL SH EST. 30 DAY AVG VEIL 1.0200% TOTAL CASH & CASH EOUIVALE 5532.782 53.805 -n EQUITIES C Equities & Options in mamma SYMCMUSP ACV ME COMM. Male VAMET VALUE 123111/MID MOJA. MCORI 0.11910.11 MLOCIO CANHORN CHEMICAL CORP CNCPF CASH 19 Unorce0 CROWN AMERICAN REALTY TRUST CWN CASH 5.000 9.8000 49.000 4.250 8.6735 FELCOR LODGING TRUST INC FCH CASH 2.000 6.0600 12,120 1.200 9.9010 GLENBOROUGH READY TRUST INC 64.8 CASH 2.000 15.5600 31,120 3.440 11.0540 r GLIMCHER REALTY TRUST481 HRPT PROPERTIES TR-SEll GRT HRP CASH CASH 2,000 10.000 19.2700 8.6500 38.540 86.500 3,846 8.000 9.9792 9.2486 HOSPITALITY PROPERTIES TRUST IPT CASH 2,000 30.9500 61.900 5,760 9.3053 JOHNSON& JOHNSON 111.1 CASH 57.800 57.3800 3.316.564 47.396 1.4291 KRAMONT REALTY TRUST KRT CASH 2.000 15.1000 30,200 2.800 8.6093 _ PAN PACIFIC RETAIL PROPERTIES PNP CASH 438 38.1300 16,625 872 5.2451 INC RAMO GERSHENSONPROPERTES PPE CASH 12,000 21.6800 260.160 20,160 7.7491 TAUST.110 Sal LSLSS£00 INS ANGS 027 03211413.1919 Ott St 6tV8ZZOO- V.L.43 EFTA01324512 alarm notounK 1.91400.9 CHUM 9911809Ri OFFICE SERVICING TWA ACCOUNT BEAR Bear. Steams & Co. Inc. 383 Madison Avenue or.194:091.01 Dm. Wens Swats Cap. Cows 1-19 &Witt% NM vpY 11201.3459 STEARNS New Ycek. Novi Yak 10179 (212) 272-2000 1212) 212.1000 JEFFREY EPSTEIN S s STAMerwr Moto Match 1.2003 Twito039 marl 28.2003 Your Portfolio Holdings (continued) ACCaNT rwin3ER 038.29925 112 TAXPAvER kialleR On rip 6917 STATenorr Februa-y 28.2003 Equities & Options (continue0) ROCT IMMT ESTMATE, CURRENT CaOSPLON STIMOLCUSO T3Ff Can010, RN2 VALUE UHJM. SCOW YIELD(a) SIRIUS SATEWTE RADIO INC SERI CASH 1.000 0.8700 670 TOO INC TOO CASH 15,600 16.8000 262.080 0 Total Equities& Options TOTAL EQUITIES 54.165.479 54,165.479 597.524 597.524 m FIXED INCOME C Municipal Bonds in OILSCRPION SYMEXXLIW ACC riff WLWTTTV PRICE /SAW MU( MXRUtO INTEREST ESTP.0110 ROM. NOW( 9100 o0 METROPOLITAN TRANSN AVM NY 59259RED2 CASH 1.203000 100.0000 1.200.000 1.002 13.800 1.1500 REY REDG-SER 0-2 DATED DATE 05/30/02 800$C ENTRY ONLY FSA INSURED CUE 11/01/2032 1.150% RATING: UP A-1 - r Tota I MunicipalBoncls TOTAL FIXEDINCOME 51.200.000 $1.200.000 51,002 $1.002 513,803 513.800 YOUR TOTAL ACCRUED INTEREST 51.002 _ YOUR TOTAL ESTIMATED ANNUAL INCOME $115.129 YOUR PRICEDPORTFOLIOHOLDINGS 55898.281 8SLSSECIO INS ANGS 027 01,2%03.1119 001 %%0 OWSZZOO- V1-43 EFTA01324513 CWRLO TP1.2.1314 119 vAictve OnneO Swear OFFICE SERVICING YOUR ACCCUNT ear. Seam SecuPies Cap. Sew. Steams 6 Co. MC. BEAR 383 Maass., Menus New Yak. Nevi Yak 10179 Cr* metraccn Grew oath prozOr. Net Von 11201.3859 STEARNS (212) 272-2000 (212) 272-1CCO JEFFREY EPSTEIN 6 ✓a ATATErv."7 Perna, Mirth 1.2003 nwoola, March 28.2003 Transaction Detail Artaxaca maims 03828825 412 taxames mneee On No INVESTMENT ACTIVITY LAST STAllutrit Eetruary 28.2003 SITI1DAIN1 MCC OAR DATE TibutSACDON SCRP1014 SY106017CUSP COMITITY MCI OENT WOUPI1 MEDD a/AOLDli 03/07103 03/07/03 SOLD METROPOLITAN TRANSN AUDI N Y 6925912E02 -400.000 100.00000 400.000.00 REV RFOG-SER D-2 0 CUE 11/01/2032 01.000% SUBJ TO EXTRA ORD CAJJ. ACCR. MT. 47.12 0 THIS SECURITY HAS PUT FEATURES ADINTiONAL iNFORIM11744 WE. BE PROVIDED UPON REQUEST TOTAL $400.047.12 m DEPOSITS AND WITHDRAWALS C in DATE 03/07/03 TRASSACITh: END WIRED DEUR/DOH jaki tae4&7MMS WIRED TO Dtir ANCUlt SOD000.00 CREW! AVOW 4.6139.110428 TD404643 SOLD MUNI TOTAL 5.500.000.00 r MONEY FUND ACTIVITY aE /AWAY ItgelACTIC01 0031010. Samosa coma RNa Call MOM CROW MOW 03)01/03 OPENINGBALANCE 422.485.85 03/036)3 DMDEND esaglair, CASH DEDOI 321.74 _ MONTHLY MUNE/ 03/03/03 REINVEST Bu tgawitteg CASH DEW 321.74 321.74 DIVIDEND REINVESTED 6SLSSECIO INS ANGS 027 D.V2•03:11:10 COI ISO I St8ZZOO- V.L.43 EFTA01324514 MIMEO TorROU08 as voliOu.V OWNED SUBSOwir OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. Bete Simon Seemlier Coop BEAR 383 Madison Avenue New Yak, New York 10179 Ore Irerceeth Celia Nene leookton. lien out 112014WD STEARNS (212) 272-2000 912/ 2121000 JEFFREY EPSTEIN 7 OS erralloolerr Pells00 Mwch 1.2[03 71009104 March 28.2003 Transaction Detail (continued) Artneir 038-28825 n2 sweep stale* On Re MONEY FUND ACTIVITY ecotneet0 Leg* STATOttet FORUMS 28.2003 Deft WOW 1RNISICOON CaCreP101 Si1.90XeSle MµMMY P 01 mar AVOW Mal 0.40881 03/28/03 CLOSINGBALANCE 422.807.59 C) TOTAL 5.321.74 5321.74 DIVIDENDS m OATI CCSCRIPIX*4 CILWITitt MR Ill Dial JAIOUIMI OtC9 MOM 03/11103 JOHNSON& JOHNSON JNl 67,800 0.2050 C RFC 02/1803 PAY 03/11/03 11.849.00 in 03/14673 TOTAL CROWN AMERICAN REALTY TRUST REC 030303 PAY 03/14403 CWN 5.000 0.2125 1,082.50 512.911.50 INTEREST r EAR 03403/03 OCSCRIMIc METROPOUTAN TRANSN AUDI N Y Ili am a& SVISIKUW 59259RED2 CELIWIT- 9. 7.6COECC ;ill 1%; Om MOUNT MOO 'ACM 1.288.75 03/21/03 INTEREST ON CREDIT BALANCE 0.7500 88.08 AT 0 3/4%02/21 &Mu 03/20 TOTAL 09LSSEOCIN9- ANGS 51,776.83 021 03211:0:11111 001 1842 I8 b.) 1, ) 00 IJ EFTA01324515 ns.Rsn 1119014n ITS AtIOL:Y OWNED 81$8.3mAY cora SERVICING YOUR ACCOUNT Bit Swan Sonntis Cap. Boar. Steams & Co. Ix. BEAR 383 Madison Avenue New Yak New York 10179 an lanrcucn Cs.tu Mann &oder. New at 20 310 272.1000 STEARNS (212) 272-2000 JEFFREY EPSTEIN 8 oe STATCWF•rt Pint* lAnrch 1.2003 fAXCh 28.2003 ACCOWT numliER 038-28825 X72 TAXPAYER PAYER On Fite Your messages LAST STATIOADrt reboot). 28. 2003 Bear. Stearns Securities Corp. Net Capital and Net Capital Pursuant to SEC Rule 11Ac1-6. please note the following: Requirements: Bear Stearns & Co. Inc. will post its quarterly routing statistics at the At November 30. 2002 and January 31. 2003. the Companys net following web link: haplAwm.bearstearns.cornt 0 capital of approximately 52.4 billion and 52.4 billion was approOmately 7% and 7% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately Customers of Bear, Stearns & CO. Inc. may request information on any order executed within the prior six months from the time of the request. 5716.3 million and 5684.1 million by approximately 51.7 billion and Specifically, you may request the identity of the venue to which the -n 51.7 billion, all respectively. A complete copy of the Bear, Steams Securities Corp. Statement identified orders were routed for execution. whether the order was directed by you to that venue, and the time of the executions, if any. that resulted from such orders. C of Financial Condition is avaiable on the web site winy hearcteswoc i-rim Alternatively. to request a free printed copy rn please call - toll free - 1.866.299-9331. STOP End of Statement r T9LSSEOCIN9- ANGS 027 03,290:1119 001 WA2 to I S b.) 00 EFTA01324516 CLEARED INIRCLCI4 nS *mato Canto stASIONAV OTTiCE SERVICIIG TOUR ACCOUNT Pew, Stearns & Co. Inc. Boit Saw* Stounnt Cap. BEAR 383 Madsen Avenue New Von. New Vat 10179 Ono thrtNtirt Saw North &COS* New Yrn 11201.3859 STEARNS (2121 272-2000 RIZ 272-1000 JEFFREY EPSTEIN ACCOUPO EXECUTNE ZICIIIERIAANJRA soAtetanc noco February 1.2003 TELEPHONE (212)272-4189 mocnoi Fetuses 28.2003 VISIT CUR WI BUTE wmv.bearsteams.com Accoorir wooer. 038-28825 X72 What's In This Statement on:onoo no,v809 On FAO JEFFREY EPSTEIN :Aso "mover Ismer, 31.2033 Financial Summary 3 Your Punta* Holdings C./0 FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN Transaction Detail 6 6100 RED HOOK QUATER 8-3 0 Fund Activity ST THOMAS VI 00802 0 Z T 11 C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL VALUE OF SECURITIES THIS PERIOD* 5.447,404 Cate & &mimeo& 5618.125 5511.271 LONG ACCRUED INTEREST 1,414 53.847.404 E7JRts — NET CREDIT BALANCE 195,639 53.018.516 MONEY MARKET FUND BALANCE 422.486 FlUrd 51.600.000 Inocne 72.000.000 r NV MUT' 7788 VERIO0 $6,066,943 CUrrent Market alit lag sutemenrs corker. ritUe NET EQUITY LAST STATEMENT 6.441.591 ORANGE SINCE LAST STATEMENT -374,649 mr urn* nooses R. errors thread .corm es rro eel mars hero TOW VissciSscorOes in) Sa We Aar his Pat Z9LSSEOCIND- ANGS There are no 'Step loss' orders or other pending buy or sell open orders on file for your account. Peas moo groy Ohre* or toorrearp On** or You. real* n SA.* to 'co ID art SA** al IC0-1.11.1421. a w *Pon $AN* at Bea Sans Sara as. Or it C.c ark era" )0 4459 Slec 11* orrery Is br sornatow ones.; cot MR moron natal connect TN{ coma ova et ma sof Ifs stv 'twos See town as to rata nanast On 010'011332001 V541 EFTA01324517 CLEARED nelsatrat tr. WHOus Ote4D SuMOLMYY Beet. Stare Uttswei Cup. Cal Mentes', Germ NW, OFCCdttr/4 1 me et (2121 2724030 JEFFREY EPSTEIN (-) 0 z m STATEMENT BACKER IS PRINTED ON THIS PAGE ci m z H r £9LSS£00 IND ANDS 021 030103 , 3 32 001 V641 SSt8ZZOO-Via EFTA01324518 CLAW !PROVO.. F111 lestiCtLY <NORD Sv•SOVICY MICE SERVICIVG YOUR ACCOUNT Beet Stearns 8 Co. Inc. We. Scp.». S.w%s Corp BEAR 383 Modiste, ATOM* OM WRNS, Caw Mall. Erecitp. Nn tot 11:01.7•38 STERNS New Yet. New York 10179 (212) 272-2000 WIZ 272.1000 JEFFREY EPSTEIN 3 a, STETIMINT IMOD F•Entity 1.2003 THROWN Fetniery at 2003 Cash Flow Analysis Income Summary AOXPRT DIVIRelt TAXPAYER PIPAIER 01020125 572 On Fie DOS P0030 DIPS MOD MR TO DAR LAST mArevorr weary 31.2003 OpeningBalance $90.329.37 Omdends 3,440.00 4.950.00 Other Dividends 1,544.33 1,544.33 Searles Sold 400.000.00 Muni Barb Int. 1.789.58 3,758.07 0 Money Fund DiridendsilMemst 1344.33 5,309.37 Credit Balance Mt. 79.79 132.71 0 Amount Credited 3406.853.70 Total 56.853.70 310.385.11 Money Fund .1.544.33 m Funds Wthdrown -300,000.00 Portfolio Composition C Amount Debited 3-301.544.33 Ca&VCash Equivalent 618.125 in Net Cash Minty 105309.37 Ecaities Fixed Income 3.847,404 1.600.000 ClosingBalance 5195.638.74 Total 36.065.529 Your Portfolio Allocation Cash Balance Summary r °POMO Cash 90.329.37 195.638.74 Net Cash Balance 390.329.37 3195.638.74 _ ECU te! 64% P9LSSECIO IND ANGS 0-ridwg rom...re AMY. 00 I MS.I.c• Vote N.+ fri.e.< vat. ire aloutat piewlap• at. anon! Pr. Pp swear meter: .alin 0 me to Palo 021 nalrn 11 32 0C1 1641 9S178ZZOO- V1.43 EFTA01324519 OSARED *MOWN ITS %lay erne SUIISCAFre OFFICE SERVICEG YOUR ACCOUNT Bear. Stearns & Co. Inc. Saar. Icon Scuttles Om BEAR 383 ?Mason Avenue Nov York. New York 10179 On millawal Calor WIT laaathe. Pm Yak 11201.3859 STEARNS (212) 272-2000 <2121 272.1000 JEFFREY EPSTEIN 40tr STATEAST PE k00 Fctruary 1.2003 1,41,20" Fottuary 28. 2003 Your Portfolio Holdings ACCOUNT wusea 038-20825 X72 CASH & CASH EQUIVALENTS INOUYE.% MAASS On Fte LAST STATE/aer January 31.2003 "WM MUM 0.011(111 CCSOISPI1Ca sulloutusp GOAN= MOE Mita MIA 1190138 CASH BALANCE 195.639 DREYFUS TAX VIEW CASH DEAR 422,485.85 1.0000 422.486 4.225 1.0000 0 AW4AGEMENT RISK SH EST. 30 DAY AVG YEW .9000% TOTAL CASH & CASH EQUIVALENTS 9618125 $4,225 -n EQUITIES C Equities & Options in OESCRIIIMOK SYMIWO.6111 AO: I1PE °UMW Pala Mimi YMYE CS1WATED YNUAL NONE OARea 11(10 CANHCRN CHEMICAL COPP CNCPF CASH 19 Unviced CROWN AMERICAN REALTY TRUST GYM CASH 5.000 9.5800 47,900 4,250 8.8727 FELCOR LODGING TRUST INC FCH CASH 2.000 6.8700 13.740 1,200 8.7336 GLENBORCUGH REALTY TRUST INC GLS CASH 2.000 16.2000 32.400 3.440 10.6173 r G1SACHER REALTY TRUST.SBI HRPT PROPERTIES TR-SBI GRT HP, CASH CASH 2.000 10,000 18.8700 8.5100 37.740 85.100 3.846 8,000 10.1908 9.4007 HOSFITAUTY PROPERTIES TRUST HPT CASH 2.000 30.5600 61.120 5.760 9.4241 561 JOHNSON& JOHNSON JNJ CASH 57.800 52.4500 3.031.610 47,395 1.5634 KRAMONT REALTY TRUST KRT CASH 2.000 14.9500 29.900 2.600 8.6957 _ PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 37.6000 16.394 872 5.3190 IC RAW° GERSHENSON PROPERDES ROT CASH 12.000 21.0700 252,B40 20.160 7.9734 TRUST-MD 581 S9LSS£00 INS ANGS 027 0101.011332 001 Yell LSV8ZZOO-V.L.43 EFTA01324520 MUM THROLICsi WHOLLY OmilID IRAPICKRY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns s Co. Inc. Ow Siam Saila OM BEAR 383 Madison Manua Or Idetych Coln MO RS New nth 1170141n STEARNS Now Yak, New York 10179 (212) 272.2000 212) 272.10:0 JEFFREY EPSTEIN 5 I STAlaleir PIRKO retelley 1.2003 THROWN Mixon 28.2003 Your Portfolio Holdings (continued) occoorr omen 030-20625 172 TAIMYR IMAM On Ile !AST srATtuorr Moon 31.2003 Equities IL Options (continued) ACP Wain 131WAIlD CIMIVI1 orscavnot/ snwouctsr nar MAMMY firf ant NOM MCCUE nib Pa SIRIUS SATELLITE RADIO INC SIR/ CASH 1.000 0.7600 760 C) TOO INC TOO CASH 15.800 15.2500 237.900 0 Total Equities& Options TOTAL EQUITIES 53.847.404 53.847.404 597.524 597,524 11 FIXED INCOME C Municipal Bonds in COMPTICH SYSSCULIS• ACCT ME ClUnartY PON IMRUT VALLE ACCIUM NUNS! I31WATED ANWAL WOW CAREW 180 nu METROPOLITAN TRANSIT AUDI N Y 59259RED2 CASH 1.600.000 100,0000 1.600.000 1.414 17,600 1,1000 REV RFCGSER 0.2 DATED DATE 05/30/02 BOOK EP/TRY ONLY PM GAIL 03/24/2003 FSA INSURED DUE 11101/2032 1.100% r RATMG: Total Municipal8cols - 51.600,000 51.414 517.600 TOTAL FIXED INCOME 51.600.000 51.414 517.600 YOUR TOTAL ACCRUED INTEREST _ 51,414 YOUR TOTAL ESTIMATED ANNUAL INCOME 5119,349 YOUR PRICED PORTFOLIOHOLOINGS 56.065.529 99LSS£00 INS ANGS 030103;1312 an 1S41 8gr8ZZOO- V.L43 EFTA01324521 =ARID rnotOuGm iTS vAiOus OwNED SullSWAY OFFICE SERVICING YOUR ACCOUNT Pp SUMPS S000101 00 Bear. Steams & Co. Inc. BEAR 163 MbecSOn Avenue New York. New York 10179 Ono vonsech cPRu Wan Doer. Net at 20 NM STURNS (212) 272.2000 12I21 272.1020 JEFFREY EPSTEIN 6 co? STAMIENT Pe/too February 1.2033 THROUO4 February 28. 2003 Transaction Detail ACCOUNT »me/ 03628825 X72 TAXPAYER MASER On Fte INVESTMENT ACTIVITY LAST STATEMENT January 31.2003 SIIIIVitre TRADE OAR TRANSACTION DESCRIPTION STIMOLCUSP CtWairy PRCE OM AVOW CREW ACM 02/11/03 02/11/03 SOLD METROPCUTAN TRANSN AIJTHNY 59219RED2 400.000 100.000100 400.000.00 REV RFOG.SER 0.2 ACCR. INT 90.96 OlE 11/0112032 01.000% SUB/ TO EXTRA ORD CALL 0 THIS SECURITY HAS PVT FEATURES ADDITION& WFORMATION WILL BE PROVIDED UPON REQUEST TOTAL $C:0.090.96 m DEPOSITS AND WITHDRAWALS C in DATE 02/1103 TRANSACTION END WIRED DESCRPTION MA•MB4S3737FNDS WIRED TO COWMIAL DANK NA aptAM:Lre 300.000.00 CROJT Ag0.N1 AC0 4 10019191 F0003771 TOTAL 1-300.000.00 MONEY FUND ACTNTTY r OAR LOOP MANSALONI DESCRITNI SOOCUCUSP Ow•mw Pact OM MOOT COCO NOWA 02/01/03 OPENINGBALANCE 420.941.52 02103/03 DIVIDEND =wars asH MONTHLY DNIDET40 DUCI 1.544.33 L9LSSEOCIA19- ANGS 02/03/03 REINVEST ZglEafitittii DMDEND REINVESTED Cas" DOW 1.544.33 1.544.33 027 03.01/03:13:32 001 V841 r71 8 IJ OO EFTA01324522 GAMED THROUGH ITS velCur Owe SUSSOLARy OFFICE SERVICING YOUR ACCOUNT IN.. s'tn 30301:44 Cap. Boar. Steams & Co. inc. BEAR 383 Ma0ison Avenue Cint 1.1tetoecn Caner Wei Iroothrt Nes Yon 1120121159 STEARNS New York. New York 10179 (212) 272-2000 2123 272.1000 JEFFREY EPSTEIN sTATITAINT KISCO Febnury 1.2003 THROWN February 28.2003 Transaction Detail (continued) ACCOUNT puw8E11 038.28825 372 TAP/AYER SLAW On mB MONEY FUND ACTIVITY (continued) LAST STATevea JYURy 31.2003 DATT Vona TRONSACTX*1 DESCR1PPON 5111SCLMVSP ousprtm Pace OMIT MaCLW CREDIT AMOUNT 02/28/03 CLOSINGBALANCE 422.485.85 C) TOTAL S.1.544.33 51.544.33 DIVIDENDS -n OATC maggot SYSTIOLCUSIP CLUMPY DUE (S1 DEBIT ANOINT CRONT MOUS? 02120833 HOSPITALITY PROPERTIES TRUST NPT 2.000 0.7200 1.440.00 C SBI in 02/21/03 REC 01/23/03 PAY 02/2003 ITRPT PROPERTIES TR.S REC 01M.03 PAY 02/21 0.1 19P 10.000 0.2000 2.000.00 TOTAL 53 44000 INTEREST r art 02/03/03 D0011W METROPOLITAN TRANSIT AUDI NY SVPOCUCUSIS OtaNITTT RATE CU DEIST HAMAD COM AS 59259RED2 2.000.030 1.698.62 IiE~ESisal 02/21/03 INTEREST ONCREDIT BALANCE 0.7500 79.79 AT 0 14% 01/21 MAU 02/20 89LSSEOCIN9- ANGS TOTAL 51,778.41 OACIA0:13:32 COI Yea1 I8 IJ 00 O EFTA01324523 CDCARSD D400:2120. rta va600.., OWSED WISCWIr COTICE SERVICING YOUR ACCOUNT tear. Non Secunes Com Been. Stearns & Co. Inc. BEAR 383 Maslow Avenue New Yen. New York 10179 an wt,,t (Arlo Pbri0 13.000r, Paw av (21b 272.1030 23 3•39 STEARNS (212) 272-2000 JEFFREY EPSTEIN ZICHERMAN.IRA Sterner:I PtIOCO Artery 1. 2003 ACCOUNT ELICIETVE TELEPHONE (212)272-4189 TrOtaucm Unary 31.2003 VISIT OUR WEB-SITE wawbearsteams.ccni AOCCenT MASER 038-213825 472 What's In This Statement texPAYED N0402 On rile LAST SiAllea ea DcwT 31. 2002 Financial Summary 3 JEFFREY EPSTEIN C/0 FINANCIAL TRUST COMPANY Your Portfolio Holdings 4 ATTN JEANNE BRENAN Transaction Detail 6 6100 RED HOOK QUATER B-3 0 Fund Activity Your Messages 6 8 ST THOMAS VI 00802 0 m C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL VALUE OF SECURMES THIS MeV 5.928.546 & moment —MI38 , 127, 13.4903171 LONG ACCRUED INTEREST 1.774 13.928.546 Was 90.329 $4.046.710 NET CREDIT BALANCE MONEY MARKET FUND BALANCE 420.942 FMK $7.-CCO.00O bon 82.000.003 r NOT ROINTY 1148 PERIOD $6,441,591 Omni mwkin value Last 3T:cement& market value NET EQUITY LAST STATEIAINT 9.547,300 CHANGE SINCE LAST STATEMENT -3.105.709 let mkt las lese Or ern emend Neaten Nina( Shad F ate Take Ws al secs ins 1w NL Wee net Plitt _ There are no 'Stop Loss orders or other pending buy or sell open orders on file for your account. 69LSS£00 INS ANGS Rem pew am Marco a Ds-weave Cl checks a IMO> Ddeite0 al 044.tie0 bye.. le Ow& Saves el 030134-1222; awoke k) CNN s. as Cals. Celt lestneth Coma NOV% 0.00.10N. 20 4/30 le Sun Smene0 Sis Tnt vawrary b lb 'hymnals, pospc4•1 elw. a h.ct Sena Di a ea eeeetneeL T1 Sennett 42001De rralei DX u' re0CDOD See reeteS0 sot Oct nevnal Wormon 027 0200021336 001 0640 I9P8Z700- V.L.43 EFTA01324524 EfrirE0 SISOUSS ITS visCis OeniED SIAM:wee Ike Sw, Soak* C. MC Mewled, CoMat •0711"1. See York 112014U0 1:2121 172.1000 JEFFREY EPSMN 2 (-) 0 z m STATEMENT BACKER IS PRINTED ON THIS PAGE ci m z H r OLLSSE00- IND- ANGS 037 D2.0103 3 34 00$ rn 8 IJ IJ IJ EFTA01324525 GEARED notOuGii ITS %wive amicD SiaSeWtY °MCC SERV1C145 VOIR ACCOUNT Beer. Steam & Co. Inc. Bt`. Sion kones Corp BUR 383 Mackson Avenue New York. New York 10179 littra.all Get NOM PrOCIOr. x, v Talc 1120141.10 STURNS (212) 272.2000 ant 272.1000 JEFFREY EPSTEIN 3 et STATElerr PERKO Jamey 1.2033 THROUGH Attars 31.2003 Cash Flow Analysis Income Summary ACOtur NallaR TWA 03448425 X72 1145 PO000 'TARED DATE MAWR GI rile DIGP0o00 VAT enreuna Decanter 31.2002 OpeningIla lance $80.376.36 DMderds 1.510.00 1.510.00 Mull Bond Im. 1.968.49 1.968.49 Money Fund 3003,146.58 Credo Balance Int. 52.92 52.92 DividendsAnterest 9.953.01 C) Amount Credited 53.013.099.59 Total 53 531 41 53,531.41 0 Money Raid -3.146.58 ands Withdnvan -3.030.000.00 Portfolio Composition m amount Debited S-3.003.148.58 Cash/Cash Equivalent 511.271 C Net Cash Activity 9.953.01 Espities 3.928.546 in closiparance 590.329.37 Final Income Total 2.000.000 56 439,817 Your Portfolio Allocation Cash Balance Summary MSG r Cash 80.378.36 90329.37 Cash & Equnaknt—. 7% Net CashBalance 590.376.36 590.329.37 Fried Me 31% ILLSSEOCIN9- ANGS EgiitieS 62% WOoka cceltes Odra. 6.0e bailee* Note sNet nwad na-.a tre adcroadr petunai• ein+4 •p+. tIt *bola ,n.ryt Hoe of $.t WYO. 027 0201036334 col late I S IJ DO Ja EFTA01324526 GUMMED TIESEUGH ITS WHOLLY OvrAED SEISSEWIT OMCE SERVICSYG YOUR ACCOUM Mt SEEM SmuItes Omp. Bear. Steams & Co. Inc. BEAR 383 AkuSson Avenue New Yoh, New York 10179 One Veretedi Cam Pen, Omen Nat lot 11201.3,39 STEARNS 2/E1C00 1212) 272-2000 JEFFREY EPSTEIN 4 :re STATEMENT PER100 Melary 1.2003 nisou0H kruary 31. 2003 Your Portfolio Holdings ACOOLINT *MEER 038-28825 172 TASMANIA KAISER 01 fie CASH 8 CASH EQUIVALENTS EAST STA- EliVer Decomow 31.2002 Wan! [SWUM CURPEXT CESCRIPTON EVIIIIOUCUSP OUANTITI 9YCE YAut WWI =Oil TEEN CASH BALANCE 90.329 0 DREYFUS TM EXE1.4PT CASH DEUX 420,941.52 1.0003 420.942 4.830 1.0999 0 MANAGEMENT WW1. SH EST. 30 DAY AVG TEED 10407% TOTAL CASH T. CASH cCUIVAI PUS 5511.271 $4,630 EQUITIES C in Equities 8 Options DISCRPTOPi STIMOUCUMP Acci APE OWEIIITT ENCI war MIA ESTWAIO) Waal. wean CUIMEN1 vI10 ml CANHORN CHEMICAL CORP CNCPF CASH 19 Limited CROWN AMERICAN REALTY TRUST GYM CASH 6000 9.0500 45.250 4.250 9.3923 FELCOR LODGING TRUST INC FOR CASH 2.000 10.4500 20.900 1,200 5.7416 GLENBOROUGH REALTY TRUST NC GLB CASH 2.000 16.7800 33,560 3.440 10.2503 r GUIACHER REALTY TRUST-SW HWY PROPERTIES TR-581 GRT HRP CASH CASH 2.000 10000 17.5300 8.3900 35,060 83,900 3,846 8.000 10.9698 9.5352 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 32.4000 64,800 6,760 8.8889 SBI JOHNSON& JOHNSON JNJ CASH 57.800 53.6100 3.098.658 47.396 1.5296 KRAMONT REALTY TRUST KRT CASH 2.000 14.9000 29,800 2.600 8.7248 ZLLSSEOCIN9- ANGS PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 36.6000 15.958 872 5.4643 etc RAMCO GERSHENSON PROPERTIES RPT CASH 12,000 19.9800 239.760 20.160 8,4084 TRuST4.10 S81 022 02AACEIN30 001 MHO IJ oo Ja a EFTA01324527 °PARED MIOUGH ITS matt OAt SLIMIXARY OFFICE SERYCING YOUR ACCOUNT be. Stein Stettin Cap Beer. Stearns & Co. Inc. BEAR 383 Madison Avenue Ent Mtuctath Mt* Noll ercettp. Re. Yon 11201.3059 STEARNS New Yak New Yea 10179 (212) 272-2030 G113 217.10e0 JEFFREY EPSTEIN 5 ae STATEMENT PC 9100 Alnari 1.2003 TnECUM *Mrs 31. 2003 Your Portfolio Holdings (continued) ACMUNT Melee 018.28825 112 TAXPAYER KLIMA On Fee LAST VrATINIENT December 31.2002 Equities & Options (ccnimue4) SSP ESTEAUED CAW Discs/mos Sweet/CUSP ME GJOITITT PIECE Mill NSW INCOME SS Cet SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 1.1600 1.160 TOO INC TOO CASH 15.600 16.6500 259.740 0 Total Equities& Options TOTAL EQUITIES 53.928.546 53.928.546 597.524 597.524 -n FIXED INCOME C Municipal Bonds in can METROPOLITAN TRANSNAUTH NY SM109./CUM net COMM ORICE WACO VALLI KOMI MOM ESTRIATED MUM WOVE O MN/ Ene 59259RE02 CASH 2.000.000 100.0000 2.000.000 1.774 22,000 1.1000 REV REDG-SER 0.2 DATED DATE 05/30/02 BOOK ENTRY ONLY PAR CALL 02/27/2003 FM INSURED DUE 11/01/2032 1.100% r RATING: S&P A/1. Total MunicipalBonds 52.000,000 51,774 522.000 TOTAL FIXED INCOME 52.000.000 51,774 522.000 YOUR TOTAL ACCRUED INTEREST 51.774 _ YOUR TOTAL ESTIMATED ANNUAL INCOME $124.154 YOUR PRICEDPORTFOLIDHOLDINGS 56.439.817 £LLSS£00 IN9 ANGS 027 OM, 0.1.1S IS Cal Ytt40 5968ZZOOV.L.43 EFTA01324528 =AM 'T) GM ;TS V100.0, OA.00 StayWRY OFFICE SERVICING YOUR ACCOUNT See. Stearns Secketes Cap Bear. Steams & Co. Mc. BEAR 383 Madison Avenue One Pans, Ctene, Nolh Sneer Ma Yam 112014858 STEARNS New Yak. New York 10179 (21 2) 272-2000 pa; 272-1CCO JEFFREY EPSTEIN 6 er e STAIIIISNY Pen= Anal 1.7003 nacten anuery 31.2003 Transaction Detail AO:Con7 vuusen 038-28825 172 T PA itimeeR On ri. INVESTMENT ACTIVITY LAST STA1twENT Oveanta 31.2002 SOODADO TRAM DArt DATE TIONSACTEN DESC01011C1/ SMOOLICLOP COMM OEM A‘100111 CREW AJACUIO 01/22/03 DICHANGE CENTER TR INC 1518/5104 -2.000 0009597 10 P004271 LIERGER..218 PAN PACIFIC 0 01/22/03 EXCHANGE PAN PACIFIC RETAIL PROPERTIES P004271 FROM 0009597 MERGERV.218 PAN PACIFIC NIP 436 TOTAL m DEPOSITS AND WITHDRAWALS C in OM 01/08/03 niAMSACTON FND WIRED DESCPIPTON lipigt4404n9pFla WIRED TO 08W AYOUPO 2.000.000.00 [won MOW AC134-638$927-55 F0402162 01/31/03 FND WIRED hIDASIM3446483FNOSWIRED TO 1.000.000.00 PP/ORGAN CHASE BAMC AC739-110418 F0402226 r TOTAL S.3.0003:00.00 MONEY FUND ACTIVITY art MOON 111MOACTON eacernoN SIIIICUCUSP atimmy Rrs1 08W AMOUR OMIT MOM 01101/03 OPENINGRALANCE 3.417394.94 _ 01/02/03 REINVEST BILTS/OM CASH DEM 3.14elir .146.5 DILMEND REINVESTED PLLSS£00 INS ANGS 027 CO01/03:1526 001 1640 99P8ZZOO- V.L43 EFTA01324529 MIMED TH1014/1 ITS vomou.Y 01.1.141D SullSowlY orncE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. Ps Sun Amnion am. BEAR 383 Madison Avenue New York. Now York 10179 Dw - One' Nae. bun^ New Vet 11201-309 STEARNS (212) 272.2000 272.1000 JEFFREY EPSTEIN Tae $7ArEuENT PERCD (Amory 1.2003 TH9C/J0/1 Arum 31.2003 Transaction Detail (continued) AtCOvir tamest 038-28825 V2 Taft" WWII 00 Ft MONEY FUND ACTIVITY (continued) LAST STATEMENT December 31,2002 DATE LODAY litANIAC11011 assn 1 swirecurufas CILVNMY PAU aN 003(9.11 CREDIT MOAT 01/02)03 DIVIDEND 0El 3.146.68 BAERalkflaMET H CASH MU INCLUDED IN 2002 - 1099 01/08/03 SOLD 24,Wilitamil CASH DENO( -2.000.000 1.0203 2.000.000.00 0 01731/03 SOLD =WES CASH DEM .1.000.000 1 .0OM 1.000.000.00 z - 61731/0.3 TOTAL CLOSINGBALANCE 420,941.52 S-3.146.58 $3,003,146.58 C in DIVIDENDS z EWE 01/15103 DEU1111011 GLENBOROUGH REALTY TRUST INC 311190UCUSI 616 slummy 2.000 MIX (El 0.4300 DEW MOAT dace wow 860.00 mc 01701/03 PAY 01/15/03 01/16/03 GUMCHER REALTY TRUST-SIN GRT 861.60 CASH oN ON 2030 SHS REC 12731/02 my othsto r 01/1103 A74:4011 INCLGOED ON 2002.1099 CENTER TR INC 161845104 120.00 CASH ON ON 2000 sHs REC 12731/02 PAY 01/17/03 mitten INCLuCED ON 2002-1099 01/21703 KRAMONT REALTY MUST KM 2.000 0.3250 650.00 REC 01/02/03 PAY 01720703 01/21103 RAMCO GERSHENSON PROPERTIES SLLSSEOCIA19- ANGS RPT 5,040.00 TRUST-NO 581 CASH ON ON 12000 SHS REC 12/31/02 PAY 01/2103 MOM mum) ON 2on.1099 027 02031/00:150$ COY V840 I8 b.) V.) La 00 Os EFTA01324530 CLEARER nwcsoiT WHOLve ante SUBSIONAV OFFCE SERVICING YOUR ACCOUNT Ow. Sten stake) Cap. Beer. Steams & Co. Inc. BEAR 393 Madam Avenue by Matloat Cat Neal Orool:r. lbw Yen 111014959 STEARNS New York. New York 10179 (212) 272.2000 C2113 aThleCO JEFFREY EPSTEIN 8 et e STATIlawr Peelco 1vuw 1.2003 nada. Avtary 31.2003 Transaction Detail (continued) AteCenT mums 018.28025 r72 Innen( Rumen On Fat DIVIDENDS (continued) LAST STATEwEsT December 31.2032 wt PESORPTION SaAlturi.,51. Ci....ecnv PATE al wall AvOurn CRIC17 MOM 01/31/03 FELCOR LODGING TRUST INC FCtl 300.00 CASH DM ON 2000 SHS REC 1201/02 PAY 01/31/03 0 AMOUNT INCLUDED ON 2002.1099 TOTAL S7.931.60 z -n INTEREST DATE et.501.0need InIKUCISP auwarry PATE m 011111 Amami Celen A/A30/7 C in 01/02)03 METROPOLITAN TRANSIT MTN NY 59259RED2 2.000.000 1.5000 1.968.49 z 01/21/03 INTEREST ON CREDIT BALANCE AT 0 3/4% 12/21 nib 12/30 0.7500 16.74 01/21/03 INTEREST ONCREDIT BALANCE 0.7500 36.18 AT 0 3/4% 12/31 mem 01120 TOTAL 52 021 41 r Your messages _ The interest. if any. charged to your account during December 2002 was computed on the net debt balance through December 30. The interest if any. charged to your account during January 2003 is computed from December 31. 2002. 9LLSS£00 INS ANGS en 020103.1536 001 Yale 89t8ZZOO- V.L.43 EFTA01324531