EFTA01324702

EFTA01324702 Statements SDNY_GM_00356041 CONFIDENTIAL EFTA_00228733 at to TIMM ITS VrtiCLLY OMED SUB:HOMY TWICE SERVICING YOUR ACCOUNT Bow. buns Small= Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue One Moth <Mr Mal BrtoM Ns YM 112014159 STEARNS New York. New York 10179 JEFFREY EPSTEIN INVESTMENT PROT ssiONAL ZICHERINUTTRA STASH/ENT mew June 30.2007 TRUMP* THROJOBI Aty 31.2007 VISIT OUR MVO, wyntbearsteems Tom ACCOM HAMM What's In This Statement lilt:111111111bn OOOOO SAMMIE laMOCR On rat CAST STATCHENT nee n.2007 Financial Sumner), 3 JEFFREYEPSTEIN Your Portfolio Holdings 4 C/0 FINANCIAL TRUST COMPANY Transaction Dotal 6 ATTN JEANNE BRENAN Fund Activity 6 6100 RED HOOK QUATER 8-3 ST THOMAS VI 00802-1348 0 Your Messages 7 -n C Your Portfolio at a Glance Market Value of Your Portfolio rn TOTAL Valli DE SECURITIES THIS PERIOO 4.223.821 coso a youvaie," Hill $516.440 5507.116 MONEY MARKET FUND MANCE 516.440 EMSes $4.220.821 54.376.261 NET EQUITY TIC PERIOD $4,740,261 MI Current 'Toney value Lao stawronts mane vatic. r NET (OUR? LAST STATEMENT CHANGE SINCE LAST STATEMENT 4.883.437 -143,176 There are no 'Stop Loss' orders or other pencSlg buy or sell open orders on file for your account. ZPOSSEOCIN9- ANGS veu ,Fu /s, Mww a rmwtWt te Owls cr •74.• Fraft4 an Ceiverel • CMr $.M4 • 1:10434-1421: amt. b CHM Sam of S U'N.:grow Ibis summary is Ice informational purpcoes oNy. It is not intended as a tax document. OHS Statement snould be retailed fa your records. See rovers' side lot important information. Om. One MGM Cal.. Weft Bra:M. NY. 1tICIMS1 027 -YOI.O .o1,19 col vois EFTA01324703 CLEARED T910YM rs Ve1•O-LY MI® Suetacturi Fem. Reams Sicurbos Cop. 04 IITOsch Cs Kass mod Yol 11201.31,59 JEFFREY EPSTEIN (-) 0 z -n STATEMENT BACKER IS PRINTED ON THIS PAGE ci m z H r £17095£00 IND ANDS 027 C601/07,07:12 001 9015 SELSZZOO- V1.43 EFTA01324704 CLF.ARED 1141101-CH ITS WAgµY OWED SUSSMAN"( OFFICE SERVICING YOUR ACCOUNT Sew. Steams a Co. Inc. but Stun Seam Cap BEAR 383 Madison Avenue New Y New York 10179 Ore lierneeelt Corea Munn a 11231.3353 STEARNS JEFFREY EPSTEIN sTATENENT PERIOD JUne 30. 2007 TWCOVOM lut7 31.2007 .ecant POWER Cash Flow Analysis Income Summary ms 73-XuAnte TAN0.07 On fee MS MOD WARM OAR LAST STATEMENT lune 29.2007 Opening Balance 30.00 DMdends 9.264.16 93.029.39 Money Fund 2.117.28 Total 59.264.16 $93.029.39 DivelendsAnterest 7,146.88 0 amount Credited $9.264.16 Portfolio Composition z Money Fund -9.264.16 Cat-II:Cash EqLria*nt 516.440 m Amount Debited 3-9.264.16 Equates 4.223.821 Closing Balance $0.00 Total $4,740.261 ci m z H Your Portfolio Allocation r CashaEcHreakix 10% 417095£00- O19- ANGS Eason 90% Lunt...a paters *ran -u tateee 7, 41b- MW mean vital 1.• WV.% comeel•Q• a 41.s1 eta De ateoue mania "Oa of nu. prfek. 027 C40107:07:19 COI 10Ie I8 00 EFTA01324705 WAS° MOONS ITS wyesuy cmivE0 SUOSIYARy OFFICE SERVICING YOUR ACCOUNT Bear. Steams a Co. Inc. Des. Swans SANAS Cap BEAR 383 Atacbson Avant.. N Y York 10179 b'ekaowc Caner NOM SANAn. Ss at '20 .3.0) STEARNS JEFFREY EPSTEIN 40•r STATUS? S.R00 1ft 30.2001 TOWS My 31. 2001 ACCOLMT PUSS TASAYSIT NAWOUt Ot FIN Your Portfolio Holdings LAST STATFASS Aft 29.2007 CASH EL CASH EQUIVALENTS waft OESCASP104 STIESOUCUS• CAMS? PROM ,LIE DREYFUS CASH MANAGEMENT-CL A OICMI 516,440.44 1.0000 510440 INSTRUDONAL SNARES 0 EST. 30 DAY AVG NEED 5,2100% TOTAL CASH & CASH EQUIVALENTS 5516.440 -n EQUMES C Equities & Options in The research ratings for Bear Steams (BSC) are shcrarn for certain secuities covered by the BSC Equity Research Department. The fist rating represents the stock's total rerun relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 - Outperform; P = Peer Perform: U = Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight: MU - Market underweight. In cases where the BSC rating Is present, the name of an independent. third-party research provider and their rating may also be displayed, where such research is available. The various providers use different ratings systems and have normalized them as follows: B - Buy; H Hold: S = Sell (this may not always correspond directly to the undertying rating system used by each provider or BSC). The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal, or investment advice. Bear Steams is neither soliciting any action based on such information. nor endorsing any recommendation or opinion expressed by any independent. third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. r Independent, thedparty research on certain companies covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at ommaeasteamsoxo or can call (BOO) 517.2327 to request that a copy of this research be sent to them. ACCT ANSI, MIMEO RIMMED oncost, macerates, nee wan KU vaLE Man NOME MO fa FELCOR LODGING TRUST INC FbI CASH 2.003 21.9600 43.920 2,400 5.4645 GUMCHER REALTY TRUST.S8I GRT CASH 2,000 21.2600 42,520 3.846 9.0452 _ HRPT PROPERTIES TR-581 HRP CASH 10.000 9.3500 93,500 8,400 8.9840 HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 38.3600 76.720 6.080 7.9249 Sal SPO9SE00 INS ANGS 027 00101107:07:19 001 VON LEL8ZZOO- V1.43 EFTA01324706 CLEARED 7140017004 ITS WoMLY cmt7C0 CAJORCMAY OFFICE SERNONG YOUR ACCOUNT Bear. Stearns & Co. Ine. Imo Mains Somilt5 0717 BEAR 383 Madison Avenue 10179 Cv Monoon Cow RCM ort 112014559 STEARNS JEFFREY EPSTEIN 501. WOMMIC PROMO AM 30.2007 n711000,1 .k 31.2007 Your Portfolio Holdings (continued) ACCOUNT RYMER a TAMSOIR RUROM On FM LMT STATEMENT Are 29.2007 &wain (5 Options (continued) ACC7 MRIET MINIM CSUMMED orscesinew SNAMUCLeart TYPE Outunnv Mt VALUE AXIOM. INCOME TE10 (Up JOHNSON& JOHNSON .110 CASH 57.800 60.6000 3.496.900 95.948 2.7438 BSC RATING 5TOCX P/SECTOR MW MED DANK RESEARCH RUM: li 0 KIMCO REALTY CORP ELSC RATI14: STOCK 0/SECTOR PM' GREEN STRUT AOVLSORS. INC. RATP/G: H KIM CASH 98 37.3300 3.658 157 4.2920 -n WTS LUCENT TECHNOLOGIES NC DP 12/10/2007 WIHW CASH 235 0.0700 16 C NAYARIT GOW INC MINE CASH 19 0.7990 15 in PENNSYLVANIA REAL ESTATE IMIESTMENT TRUSUBI PO CASH 1,794 38.9400 69.858 4.090 5.8547 z J RAMCO GERSHENSON PROPERTIES TRUST-MD Sal APT CASH 12,000 32.2000 386.400 22.200 5.7453 SIRIUS SATIWIE RADIO NC SRI CASH 1,000 3.0100 3,010 BSC RATING: STOCK 0/SECTOR MW ATLANTIS RESEARCH RAMC: r TRAVELCENTERS OF AMERICA LLC Total EquitieS& Options TA CASH 200 36.5200 7.304 54.223.821 5143.121 TOTAL EQUITIES $4.223.821 5143.121 _ YOUR PORTFOL IOHOLDINGSESTIMATED ANNUAL INCOME 5143.121 YOUR PRICEDPORTEOLIOHOLOINGS 54.740.261 94095£00 N19 ANUS 077 Mr01,07:0119 CO/ W'S SEL8ZZOO-V.L.43 EFTA01324707 CLUIteo nAC0014 ra IvIaxee anNO) SIRSOLARv VOCE SEFMC1UG YOUR SCONfia ftra. lawns Sweats Cap. Bear. Steams di Co. Inc. BEAR 383 Madison Avenue New York. New vuk 10179 Cm Phaetn. Caw kai:n &nett kw. at 20 .3969 STEARNS JEFFREY EPSTEIN w trATFL.P.r7 P€ 03 June 30. 2007 ne21.PON Kt/ 31, 2007 Transaction Detail AOCC,"1 M ait "WAY." huisot On no MONEY FUND ACTIVITY LAST IrfATED.Ort lune 29. 2007 cart u'OtAY OWSACT3I. OCSOPTION Sa01.019P quatin 110:E MAT aM01M MeV want 06/30/07 OPENING BALANCE 507.17028 0 07/02/07 07/02/07 BOUGHT DIVIDEND DREYFUS CASH MMIAGEMENT-CL A INSTITLMONAL SHARES DREYFUS CASH MANAGEMENT.O. A DION DIC331 5.550 1.0000 5.550.00 2,117.28 DISTRUTI3tal SNARES -n 07/02/07 REINVEST IX/MU DMDEND DREYFUS CASH MANAGEMENT INSIMMORAL SKIM A DICXX 2,117.28 2.117.28 ONIDEND REINVEST C in 07/18/07 07131707 BOUGHT BOUGHT DREYFUS CASH MANAGEMENT.CL A MST/000m SHARES DREYFUS CASH MANAGEAUNT.CL A DOOM DIC70E 996.88 600 LOON 1.0000 998.88 600.00 a SHARES 07/31107 CLOSINGBALANCE 518,440.44 Tor:. S-9.264.16 $2,117.28 r DIVIDENDS OATI CISCS1Pnce. SYMIOUCuS. OUAN017 son1O DEW AmOuirt OMIT mean 07/02/07 RAMCO GERSHENSON PROPERTIES RPT 12.000 0.4625 5050.00 1RUST40 SIX RTC 06/20/07 PAY 07/02/07 L17095£00- 019- ANGS 07/18/07 GUMCHER REALTY TRUST.S8I GRT 2.000 0.4808 961.60 REC 06/29/07 PAY 07/16/07 07/1607 YJMCO REALTY CORP NOM 98 0.3600 35.28 REC 07/06/07 PAY 07/16/07 027 41/7,47:19 coy HMS I8 IJ V.) 00 EFTA01324708 ClIAMO net0vo. ?MOLLY OWP..0 SLISSDARY OmtCE WhittING YOUR ACCOIAVY Bear, Steams & Co. Inc. bet Stns Ions Ce. CrelthetroD•ch Caner Win BEAR 383 Madison Amu. ak 10179 Tali 11201.3150 STEARNS JEFFREY EPStEIN 7 an STATIMNT PIM° An 30.2007 notarat Aly 31. 2007 Transaction Detail (continued) ACCOLNT YINBER TAXPAYER WOOER be rae DIVIDENDS (continued) rnatunn tau 21.2ooT out 1:450n SAROJCUSIP COMM Rana) MIT AVOW CRICC mow 07/31107 FELCOR LOOGP16 TRUST INC FCH 2.000 0.3000 600.00 REC 07/13107 PAY 07/31/07 TOTAL 57.146.88 O -n Your messages C in WY' You are actrised to promptly report any inaccuracy or discrepancy in your account to your broker and Bear, Steams Securities Corp. (BSSC) at the telephone numbers listed on the front of this statement. In order to protect your rights, including any rights under the Securities Investor Protection Act CSIPAl, any such communications should be recorirmed in visiting to your broker and BSSC at the addresses %Nth appear on the front of this statement. r STOPI End of Staternen 81709SEOCIA19- ANGS 027 C0141.0,207:19 001 I8 IJ O EFTA01324709 GEARED THAOJOM OS wTIOUY ONT40 SUSSCuRY OFFICE SEFMCl/I0 YOUR ACCCWIT Sear. Steam. Seartes Cap Bear. Stearns & Co. Inc. 0-e Utettied, Caw NW. BEAR 383 Hasson Avenue Noss Y Wye . 10119 . Mn Yoh 11211.316e STEARNS JEFFREY EPSTEIN STAT.:14w slit00 MIS 1.2007 TreliOUGH NW 29, 2007 ACCOUY- POWER III lllll TOWAYTR POSIES On Fie UST STAIRWAY WU 31.2007 JEFFREY EPSTEIN CJO FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK QUATER B-3 ST THOMAS VI 00802-1348 0 z -n Pursuant to your previously issued instructions, Bear Steams Securities Corp. provides duplicate monthly statements and/or transaction confirmations to the third parties listed on the cover page of this statement. If you wish to modify or cease distribution to any of the recipients indicated. please contact your C Investment Professional. This reminder notice will continue to be provided to you on your quarterly statements. in Itarthely EPSTEIN INTERESTS z A/C JEFFREY EPSTEIN ATTN HARRY BELLER 457 MADISON AVE 4TH FIR NEW YORK NY 10022 r _ 64095£00 IN9 ANGS 011 060001.07.43 001 y011 I fL8ZZOO- V.L.43 EFTA01324710 0..EARED THROUGH ITS ?MOLLY 04140) SIJISOARY Cornet SUMCPIG YOUR ACCOUNE Bear. Stearns Si Co. Inc. i.e. Seen asuman ova BEAR 383 Madison Avenue OM New York New YohYoh10179 Mir WIMP. Unlit 1.10", . him York 112014159 STEARNS JEFFREY EPSTEIN INVESTMENT PROFESSIONAL EICHFRMAN.IRA STATEMENT PER= Am 1.2007 TELEPIONE THROUCtil At* 20. 2007 VISIT OUR WIE1S1TI wwer.bearsteernS.COm A.COOtair VINBFR What's In This Statement I ll III Milli* I 111111111111 TA..79ANTA NL,MBER On 711e (1ST STATTUFMT May 31. 2007 Financial Summary 3 JEFfREYEPSTEili Your PcettoTio Holdings 4 CFO FINANCIAL TRUST COMPANY Transaction Detail 6 ATTN JEANNE BRENAN Fund Activity 6 6100 RED HOOK QUATER 8-3 Your Messages 8 ST THOMAS VI 00802.1348 0 m Your Portfolio at a Glance Market Value of Your Portfolio m TOTAL VALUE or SECURMES THIS POPO 4.376.261 Gbh s foamiest --IIII SS°7•176 5480.071 MONEY MARKET FUND BALANCE 507.176 $4376.261 Faunas 54,513.028 NET EQUITY TINS PENCHI $4,883,437 Comm Truckee value NET ECOJnY LAST STATENENT 4,993.099 - staiminta rneeuX .87,J0 r CHANGE SINCE LAST STATEMENT -109,662 There are no Stop Loss' orders or other pending buy or sell open orders on Se for your account. 05095£OO- O19- ANGS Rse moot Tim damsece 0, novo... x ~us a =Pa YoUnd % Clan Seta* al 0704.14.14.2.. C Y 1p Clef Sown it — . 0. blowsetCh Cense NM% Seen" N.Y. "701.7.74 fan ileheyel b yos. toatillya sic This sworn/Jr; is for informational purposes only. It Is not ntended as a tax document. This statement ShOUld be retained for ow records. See reverse sde for important information. 077 Cb300707 43 001 70YI En I8 IJ 00 tO EFTA01324711 came) nitotnn rtS VAI,AY OWNED SLISSIOVAY Om, Stems Snout Cap. One Mermen Omer NOM um um 11201-3859 JEFFREY EPSTEIN 0 0 T I STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r _ TS095£00 IN9 ANGS 017 OlOOVIAIMII 091 1011 £PL8Z.ZOO- V.L.43 EFTA01324712 CLEARED TeIROtrem MS VISOLLY omen SUSSOMne OFF/CE SERVICING SOLO AGOSOID Beat. Steams & Co. Inc. Bear Stews %tufts Cap. BEAR 383 Madison Avenue One 1.41414ch Omar Henn U. MM' %me 11201-MISS STEARNS iiiiMicek 10179 aratIcco JEFFREY EPSTEIN 3 es STAMM/NT PeM00 lane 1.2007 tmaOtrae kne 29.2007 ACCarorm.nordi Cash Flow Analysis Income Summary TAXPAYER WS% On Eh 1143 Plano 116 PERICO wan 10041‘ tar STAMMENT May 31. 2007 OpeningBalance $o.00 Dmidends 27,105.38 83.765.23 Money Fuld 2,095.80 Total $27,105.38 583,785.23 DividendsAmerest 25.099.58 Miscellaneous 7.400.000.00 Amount Credited 57,427,105.38 Portfolio Composition CaSIVCasn Equivalent 507.176 -n Money Fund Funds WeJidrevm .27.105.38 -7.400.000.00 Equities 4.376.261 Total 54.883,437 Amount Debited 5-7.427.105.38 rn Closing Balance 50.00 Your Portfolio Allocation r Cash tEquhraleel 0 IC% ZSO9SEOCIA19- ANGS Coates 90% moue% moans arm% 0mA Menge ante rem +I.0•1 Whet TM •ICCOJOI MeDWINO fitet M1 me101.40 meta raw U eon *lb 0 007 0610070/ 41 00I 7011 Fn I8 IJ Oo U p EFTA01324713 CLEARED THROUGH NI ValCaLT MIMEO SLIBTaMART OFFICE SERVICING YOUR ACCC4011 Baas. Stearns & Co. Inc. M. Stan %atlas Cam BEAR 383 Mattoon Avenue New Yoh New York 10179 O loNesch CANN Ns. MCCIMM NM van 11201-31N9 STURNS JEFFREY EPSTEIN STATEMENT PETh00 lux 1.2007 TIOVACH line 29.2007 ACCOuNT Want TAXPATEN MAWR on Fit Your Portfolio Holdings LAST STATVENT May 31.2007 CASH & CASH EQUIVALENTS VAMP DISOWN.* SnieCUCuto Wenn Peet VALLI DREYFUS CASH MANAGEMENT-CI. A NOM 607.176.28 1.0300 507.176 INSTIIITCHAL SNARES 0 EST, 30 DAY AVG YIELD 5,2200% TOTAL CASH b CASH EQUIVALENTS $507.176 -n EQUITIES C Equities & Options in The research ratings for Bear Stearns (BSC) are shown fa certain sp.:kitties covered by the BSC Equity Research Department. The fist rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 = Outperform: P - Peer Perform; U — Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight: MW = Market Weight: MU — Mantel underweight. In cases *here the BSC rating is present, the name of an independent, third-party research pronder and their rating may also be displayed, where such research is available. The various providers use different ratings systems and have normalized them as follows: B = Buy: H = Hold: S = Sell (this may not always correspond directly to the underlying rating system used by each provider or BSC). The ratings information Contained herein Is for informational purposes only and is not intended to provide tax. legal. or investment advice. Bear Steams is neither soliciting any action based on such information. nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company Is temporarily not available due to legal reasons. r Independent, third-party research on certain COmpanieS covered by the Firnis research is available to customers of Bear Steams at no cost. Customers can access this research at maw hearsremne rem or can call (800) 517.2327 to request that a copy of this research be sent to them, IMAICET comae) DMA= CCSoroN STIAROLICUW TIn Owen POLE MAN /NAVAL WOW FELCOR LOGGING TRUST INC FDI CASH 2.000 26.0300 52,060 2.400 4.6101 GUMCHER REALTY TRUST-Sill GRT CASH 2.000 25.0000 50,000 3.846 7.6920 _ NWT PROPERTIES TR-SID HRP CASH 10.000 10.4000 104.000 8,400 8.0769 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 41.4900 82.980 6,080 7.3271 Sal £5095£00 IND ANGS OTT OV301073)7A3 am con SPL8ZZOO- V1.43 EFTA01324714 caLAIMO naraXer wirCtix OM AR StalCAArt Witt SERVICING YOUR ACCOUNT Bear. Teen Startles Cop. BEAR Boar. Steam & Co. Inc. Ore Mextech Cm* kali 383 Madison Avenue STEARNS allagork 10179 disc 11/01.4859 JEFFREY EPSTEIN 5 ere STATEMENT PERM June 1.2107 TREMOR Are 29,2007 Your Portfolio Holdings (continued) NCO:Kw NUMMI TAXPAYER Haim On Ft LAST STATIMPC MI" 31.2607 Equities 8 Options (continued) ACC! law unimito ESNALTC0 Of3CRIThON Sn430...CuS, rrlE ouncrni aKL MIR Metal ECM YIELD IV JOHNSON& JOHNSON JNJ CASH 57.800 81.6200 3,561,636 95.948 2.6939 0 BSC RATING STOCK P/SECTOR MW MD DAVIS RISE/API RAMC: 8 0 KIMCO REALTY CORP LtSC OHM STOCK 0/SECTOR MU RATINCKSTREET ADVISORS. NC. GREEN MIA CASH 98 38.0700 3,731 141 3.7791 S m MS LUCENT TECHNOLOGIES NC DP 12/10/2007 WNW CASH 235 0.1700 40 NAYARR GOLD INC NYRTF CASH 19 0.8200 16 C in PENNSYWANA REAL ESTATE INWSTMCNT TRUSTS' P61 CASH 1,794 44.3300 79.528 4.090 5.1428 RAMCO GERSHENSON PROPERTIES RPT CASH 12000 35.9300 431.160 22.200 5.1489 TrtusTaiD Sa SIRIUS SATELLITE RADIO INC See CASH 1,000 3.0200 3.020 BSC RAW: STOCK 0/SECTOR MW AIIJOITIS RESEARCH RATING: 8 r TRAVELCENTERS Of AMERICA LLC Total Equities& Options TA CASH 200 40.4500 8.090 54.3713.281 5143.105 TOTAL EQUITIES 54.370.251 5143.105 _ YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME 5143.105 YOUR PRICEDPORTFOLIOHOLDINGS 54.883.437 PS095£00 IN9 ANGS 077 CtIr3P07:0T43 001 1011 9fL8ZZOO-V.L.43 EFTA01324715 CULARID THROUGH Tr& WHOLLY OYNTO RALSCORY OFFICE SERVICING YOUR ACCOUNT eta. &ars Searle c Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue Nee York. New York 10179 Ore WARW. c— Neon Duenr. POre TOR 112014169 STEARNS JEFFREY EPSTEIN 6 a 0 STATELllart MOO GM 1.2007 THROUGH Are 29.2007 Transaction Detail ACC:OLNY riSatitt Tail* NIA/KR On Me DEPOSITS AND WITHDRAWALS STATEMENT May 31.2007 °Alf istANSP.010Pi OCSOMON DENT ACM =Off AIPOUP0 O6/15/07 END WIRED MDA*146455294FNOSIFIRED TO 7.400.000.00 la nialASE BAIR O NA 971 FDC6 TOTAL 0 MONEY FUND ACTIVITY 31400.000.00 -n DAG IOW OUNSCG0N NSCRIPOOR 411.1110110.19P CLOinlv e9Kl OM MINI CREDIT mean 06/01/07 OPENINGBALANCE 480.070.90 C in 06/01/07 DMDEND DREYFUS CASH AUMAGEMENTCL A INSTRI.MONAL SHARES MC* 2.095.80 MONTHLY DIVICee 06101107 REINVEST DREYFUS CASH PAANAGEMENTC4. A MCC( 2.095.80 2.095.80 INSTITUTIONAL SHIRES R' ee REINVEST 0811207 BOUGHT DREYFUS CASH IAANAGEMENTCL A DICOC 23.987 1.0000 23987.00 r 08/15/07 BOUGHT a WARS DREYFUS CASH MANAGEMENTCL A WC* 1.02238 1.0003 1.022.58 INS11NIlONAL SHARES 06729/07 CLOSINGBALANCE 507.178.28 TOTAL 5.27.105.38 $2.095.80 SS095£00- 019- ANGS 014007:0743 cos vOl I Tn 8 IJ -4 EFTA01324716 CasSE0 THAOJCsi ITS v.1.00.1e O'NW SVISIYARY Calla Weakish YOuR ACCOUNT Bear. Steams & Co. Inc. Int Steams Stares 0.0. BEAR 383 Madison Avenue Ov Monaca 011545 recta STEARNS Nero Y Now York 10179 JEFTREY EPSTON 7 as STATEMENT PINCCI MIS 1,2007 THROWN MIS 29.2007 Transaction Detail (continued) AOSSAIT 111401 SWAM% SWIM 00 as DIVIDENDS LAST STATIMPIT May 31.2007 COI CtSCMP11174 SVISUCUSS1 OSMAN AArt 01 oar MOM 06137 MOW 06/12/07 JOHNSON& JOHNSON JNJ 57,800 0.4160 23.987.03 REC 05/29/07 PAY 06/12/07 C) 06/15107 PENNSYLVANIA REM. ESTATE PEI 1.794 0.5700 1.022.58 INVESTMENT TRUST-SW REC 06/01/07 PAY 06/75/07 TOTAL 525,009.68 -n MISCELLANEOUS C DATE in 1.030AY rtsuiSACTION CSSC•11311 DEW /MOUNT atm MMWI 06/15/07 JOURNAL FROa 7.400.000.00 TOTAL 57,400,000.00 r _ 95095£00 IND ANGS 021 C6'300707.43 C01 Y011 8fL8ZZOO- V1.43 EFTA01324717 MIMED 'SWUM. ITS YelOLLY ante StsMalYARY OFFICE SERRICING YOUR ACCOUNT Wt. Sewn. Cep Bear. Stearn & Co. Inc. e.- BEAR 383 Nad son Avenue COM WTI BrOCIA7.170.70. 11201425S9 STEARNS JEFFREY EPSIIIN STATIMP.7 reesoo rune 1.2007 Thlitaral lane 29. 2007 aCCOusi madealt Manta HAMM On FM Your messages LaST Sunkte May 31.2001 Confirmation: Unless we hear from you to the contrary. it is our understanding SPECIAL NOTICE FOR MARGIN CUSTOMERS that any free credit balances in your account are being maintained to facilitate Ifar you' intention to invest such amounts through us. It you are a customer with a margin account, you consent to Bear Stearns's right to use, lend or pledge any securities held by Bear Steams in your margin 0 account. In certain circumstances, such loans or other use may limit. in whole or in part, your ability to receive dividends directly from the issuing company anctror your right to exercise voting and other attendant rights of ownership with respect to the loaned, sad or pledged securities. Such circumstances m include. but are not limited to, loans of securities that you own in your margin account that continue over record dates for voting purposes and ex-dividend dates for dividend distributions. If you do not receive addenda directly from ci the issuing company, you may receive payments-in-lieu of dividends which m could cause you to lose the benefit of the preferential tax treatment accorded to dividends. You are advised to promptly repot any inaccuracy or discrepancy in your In an effort to maximize execution quality. Bear Steams may route yoam equity I H account to your broker and Bear, Stearns Securities Corp. ("BSSC) at the orders to NS Smart Order Router (SOR). The SOR accepts limit and market telephone numbers listed on the front of this statement, In order to protect orders and automates their routing across several sources of liquidity in an your rights, including any rights under the Securities Investor Protection Act attempt to maximize price and mirimize market impact with respect to your ('SIPA'). any such communications should be reconfirmed in writing to your order, The SOR routes orders using proprietary algorithms that scan broker and BSSC at the addresses whkh appear on the front of this exchanges. ECK% and other liquidity venues before it decides a strategy statement. designed to achieve an optimal execution for clients. The SOR may in the course of executing an instruction change the entered order type from market to limit or may change the entered limit price in an attempt to obtain the best price. Although the Firm believes that the regular use of this technology benefits clients by achieving overall better execution quality, we cannot guarantee an optimal execution on any individual order. LSO9S£00 IND ANDS STOPI End or Statement 027 05030707AI Cal Val I fitaZZOO- Vin EFTA01324718 WARM THROUGH ITS 'MOLLY Ov StAISCIARY DRICE SERVICING YOUR ACCOUNT Bear. Steams & C.O. Inc. Ms. Seam Avon coST BEAR 383 Madison Avenue New York New York 10179 as MapIan Caner WA i art 111014159 STEARNS JEFFREY EPSTEIN ivei STARIII nrcer SSIONAL lICHERMANARA :TAM/CST PERIM May 1.2007 TELEPuOlif THROUGH Mrs 31. 2007 VISIT OUR WEBSITI vnwr.bearsitams.corn Accotatr MOWER X72 What's In This Statement LIM 709AWA PIIAMER On FA* LAST STATP.IIINT WI 30 2007 Financial Summary 3 JEFFREY EPSTEIN Your Portfolio Holdings 4 C/0 FINANCIAL TRUST COMPANY Transaction Detail 6 ATTN JEANNE BRENAN Fund Activity 6 6100 RED HOOK WATER 8-3 You Messages 7 ST THOMAS 4/1 00802-1348 0 E I C Your Portfolio at a Glance Market Value of Your Portfolio m TOW. VALUE Cf SECURMES THIS PERIOD 4.513,028 Can ElInnirli 1.8 5474 0:4 4 078 MONEY AWUCET FUND BALANCE 480,071 Counts — 14.513.028 54,574.378 NET !WTI TIRE PERIOD $4,993,099 Current market vaLv NET EDUErf LAST STATDAENT 5.048,826 MI tat stmtmerws mask,' vela r CHANGE Ma LAST STATEMENT -55,727 There are no 'Stop Loss" orders or other pending buy or sell open orders on file for your account. _ 85095£00IN9 ANGS Paw. aal /ay Marco et 'aware' a ew summary is for informational purposes or* It is not intended as a tax document. b Cyst Sena. a SCO4S4-1416 a spas. afsaud a [Wand 'flit. Owo Salta Y 1w Syr. Swazis Coy. DV Meteleas Crag scot. Mawr. NS MOSSES Is gt This This statement should DO retained for our records. See reverse side for important information. 027 OV0107.06 44 001 VDTS 05L8ZZOO- V.L43 EFTA01324719 CLE46/0 9.11104361 WHOLLY CrA1a. SU13.910193Y O99. Steam Swann Co". QrM 1.4eigtech Certy Mali boat" IN. Tot 11201.3869 JEFFREY EPSTEIN O z m STATEMENT BACKER IS PRINTED ON THIS PAGE ci m z H r 65095£00 IND ANGS 0901/0705/44 CO1 5010 I 5L8ZZOCV.143 EFTA01324720 [LEWD MAWS.. It8 ERICEL DATED SAISICTARY OFFICE SERVICING YOUR ACCCVNT Bear. Steams & Co. Inc. Bar. Loam SKIMS Ca BEAR 383 Maason Avenue Ora tArectech COMP NOM &ode" New Tat 112014050 STEARNS New Yon. New Yea 10179 latta /SOW JEFFREY EPSTEIN 3 el arrant/err PEA100 mey1,2007 rainovom May 31.2007 Cash Flow Analysis Income Summary ACCCUR, XLMSElt TAXPAYER MAW PP M MS POMO nn Pomo YEAR 10 UTE IAST STATE ED AO 30.2007 Opening Balance 60.00 0Mdends 5.623 30 58,659.85 Money Fund 2003.30 Total 55.623.30 556.659.85 Funds Deposited 2.500.000.00 Deldends/Intemst 3,620.00 0 amount credited 52,505,623.30 Portfolio Composition z Cash/Cash Equivalent 480,071 -n Money Fund Funds Madman -5.623.30 -2.500.000.00 EquUes 4,513,028 Total C Amount Debited S-2,605.623.30 54 993.099 in Closing Balance $0.00 z Your Portfolio Allocation r Cast, li 0ur qnient 09095£00- 019- ANCIS Equines 915 J•stund Wm Cowl. Cott Waco' CAW, non mina 'cis, OICCe5Cos 04/VcCeas Can tie .ante nrCel MON a cto. Nebr. 027 MAMETC5.4.4 DM YDIC I8 IJ 00 If Is) EFTA01324721 CLEAREO ImECUan riS 44404Y CYAIRD 30340var OFFICE SEFEACHC YOUR ACCOUNT Bear. Steams & Co. Inc. en, Sterns Secular Um. BEAR 383 Madison Mance New Y Nmy Yeric 10179 Cm Hormel Germ Nath Brom" We York 11201.3859 STEARNS JEFFREY EPSTEIN Oar STATEMHT nit,C0 kin 1, 2007 notOurai illoy 31.2007 NW, PC NNW.* TAXPAYFA meats De rile Your Portfolio Holdings LAST STKTIJEk7 Apra 30.2007 CASH & CASH EQUIVALENTS Hawn 0E1004001. SY10340110 ourarer ewct mut 0 DREYFUS CASH MANAGEIAENTOL A INSITTIMONAL SHARES DIOXX 480.070.90 1.0000 480.071 0 EST 30 DAY AVG YIELD 5,19C011 TOTAL CASH & CASH EQUIVALENTS 5480.071 m EQUITIES C Equities & Options in The research ratings for Bear Steams (BSC) are shown for certain securities covered by the BSC Equity Research Department. The list rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follcrirs: 0 — Outperform: P - Peer Perform; U = Underperfcan. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO - Market Overweight MW = Market Weight MU . Market Lnderweight. In cases where the BSC rating is present, the name of an Independent, third-party research provider arid their rating may also be displayed, where such research is available. The various providers use different ratings systems and have normalized them as (clews: B Buy: H - Hold: S = Sell (this may not always correspond directly to the underlying rating system used by each provider or BSC). The ratings information contained herein is for international purposes only and is not intended to provide tax, legal. or investment advice. Bear Steams is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. r Independent, third-party research on certain companies covered by the fire's research is available to customers of Bear Stearns at no cost. Customers can access this research at wily hearsmsrns ram Cr can call (800) 517-2327 to request that a copy of this research be sent to them. eccr IM MO ESIMATED CUNARD OTSCRPIKAI SMIOLCLISIP rot mem MICE VALUE MNUM. Wait MD re FELOOR LOCOING TRUST MC FCH CASH 2,000 28.1900 52.380 2.000 3.8183 GUMCHER REALTY TRUST-SW GRT CASH 2.000 27.2500 54.500 3.846 7.0569 T9095£00- 019- ANGS HRPT PROPERTIES TR-SBI HRP CASH 10.000 11.4800 114,800 8,400 7.3171 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 44.4400 88.880 6.080 6.8407 sae 027 0.10110701:41 M1 %IMO EFTA01324722 CLOAT TWOOVON trs WaOLLY C.6110 suosrovar OFFICE SEFMCING YOUR ACCOUNT Bete Stein & Co. Inc. see Stare Seaton Cos BEAR 383 Madison Avenue Ors Watts. Can Na, loa n* 11201410.0 STEARNS allISA 10179 JEFFREY EPSTEIN 5 e / STAMEN' Rita) THY 1. 7007 TRCtCal May 31.2007 Your Portfolio Holdings (continued) ACCOLisi WARR imam", µ/.FEW On FJ0 LAST STAR /CM Ape' 30.2007 Equities & Options (continued) Ace/ swat ES7Kurt0 [SWAIM DESONPICH snmoucuse net cower Pea WSW ANNUAL 100014( MID BO JOHNSON& JOHNSON JNJ CASH 57,800 63.2700 3.657.006 95.948 2.6237 BSC RAIU%: STOCK P/SECTOR MW NED DAVIS RESEARCH RAUNG B 0 ICIMCO REALTY CORP &SC RATING: STOCK 0/SECTOR ITV GREEN STREET ADVISCO8 INC. RAYING: S KIM CASH 98 46.2900 4,536 141 3.1085 -n WTS LUCENT TECHNOLOGIES INC DIP 12/10/2007 LUTWE CASH 235 0.1800 42 NAYARIT GOLD INC C ?IMF CASH 19 0.7850 15 in PENNSYLVANIA REAL ESTATE IWESTWIIT TRUSTS., PEI CASH 1,794 47.5300 85.269 4,090 4.7966 z RAMCO GERSHENSONPROPERIW$ 98.6T4a0 581 RPT CASH 14003 36.9900 443.880 22.200 5.0014 SWLS SATELLITE RADIO INC SIRI CASH 1,000 2.9300 2.930 asc RATING. STOCK P/SECTDR IMl MANTIS RESEARCH RATNG. B r TRAVELCENTERS OF AMERICA LLC Total Equities& Options TA CASH 200 43.9500 8.790 54,513,028 5142,705 TOTAL EQUITIES 54,513,028 5142.705 Z909SEOCIA19- ANGS YOUR PORTFOLIO HOLDI NGSESTIMATED ANNUAL INCOME 5142,705 YOUR PRICEOPORTFOLIOHOLOINGS 54.993.099 027 C.01.0.4.05 44 co, 1010 I8 b.) 0.2 00 EFTA01324723 CLVACO naceau ITS VAC.:Y COATED SLISIOIARY OFFICE SEMACAC YOUR ACCOUNT Be. Seers Startles UT. Bear. Steams & CO. Inc. BEAR 383 PARdiSta Avenue rilisycck PTE IA•VCIROI Getter Math OnXii ilt• Yen 1120,4559 STEARNS 10179 JEFFREY EPSTDN 6 97 STATATEr.7 PERK= Altry 1.2007 TNPOU0). Cloy 31, 2007 Transaction Detail M"CM NUMEll TAXPAYER WWI Ott File DEPOSITS AND WITHDRAWALS LAST STATEMENT Apnl 30.2007 DAR MAKSACTON DOCRAPTION a, man ce[cci swum 05109/07 END BARED MOA*C1083388FNOSWIRED TO 2.500.000.00 a lifillida TERNA11°NAL NY0156137 2,500,000.00 0 05/09/07 FUNDS REC FNOSY/RED TO [MBANK FROM TOTAL $-2.500,000.00 52.500.000.00 -n MONEY FUND ACTIVITY C DATE in =OAT 05/01107 TRANSACT= COOSTICti OPENINGBALANCE STABOUCUSP OU,UMIY 474,447.60 aINL DOM AIM= OCT toctINT 0501/07 DIVIDEND DREYFUS CASH MANAGEMENTCL A DICXX 2,003.30 111UTIONAL DIMES MOMDILY OMME70 05/0107 REINVEST DREYFUS CASH MANAGEMENT-CL A DIGO( 2.003.30 2.003.30 INSTMETIONAL SNARES r 05/18/07 BOUGHT DIVO993 REINVEST DREYFUS CASH MANAGEMENTCL A DICIOC 1,520 1.0000 1,520.00 INSTMAONAL SNARES 05/24/07 BOUGHT DREYFUS CASH MANAGEMENTCL A DICY:x 2.100 1.0000 2.100,00 NSTTNIMAL SNARES £909S£00 INS ANGS 05/31/07 CLOSINGBALANCE 483.070.90 TOTAL $- 95.623.30 $2,003,30 C97 06990605.9 E01 1010 55L8ZZOO-V.L43 EFTA01324724 =an 7.ROLGN ITS WIlair ON,40 SULU:Wry a ICE SERVICING YOUR ACCOUNT Net Stuns Seaman Cal. Bear, Steams & Co. Inc BEAR 383 Madison Avenue Nee V Wm Ycek 10179 Oro IMPaNOT Crow Nam Nes Yea 11201.365, STEARNS JEFFREY EPSTEIN 7 or STATEEEENT Ptito0 May 1.2007 THROWN May 31.2007 Transaction Detail (continued) AcCOUNT 'anew a TAXPAYER MAW On FM DIVIDENDS LAST STATEMENT 30.2007 DATE DESCRIPTION SYNNIOLRUS• OAMIONY RATE In OM AMBIT CREDO MOM 05/17107 HOSPITALITY PROPERTIES TRUST HPT 2.000 0.7800 1.520.00 0 Set REC 01/16/07 PAY 05117/07 0 05/2007 HRPT PROPERTIES TR.SEII REC ansio, PAY ea/24/0T HRP 10.000 0.2100 2.100.00 z TOTAL 23.620.00 m C in Your messages z J You are advised to promptly report any inaccuracy a discrepancy in your account to your broker and Bear, Steams Securities Corp. BSSC") at the telephone numbers listed on the front of this statement. In order to protect your rights. including any rights under the Securities Investor Protection Act ('SIP/'), any such communications should be reconfirmed in writing to year r broker and BSSC at the addresses which appear on the front of this Statement. End of Statement _ 179095£00 IND ANGS 027 1:601/0705 44 CO1 VOTO 9SL8ZZOO- V.L43 EFTA01324725 CLEARED netareir WHOLLY °Atte) SueSieuerr MICE SERVER% YOUR ACCOIA0 Dear Steers Smarm Cop. Bear. Stearns & Co. lit. BEAR 383 Madison Avenue 10179 Ore tent. C Mn Few Yet 11201.3lle9 STEARNS ailliatiork JEFFREY EPSTON INVESTMENT PROJESSINIAL ZERIERMANIRA rrarairear nano myth 31.2007 TELEOHNE THROUGH PO 30.2107 NUT OW WEBSITE ww.bearsteams.com ACCWC WNW% What's In This Statement I Ihlhllhhllrrlrrllrrlrhhllllhllllhlhll TAXPAYIR 'MAIER Wile LAST rATEKtrt Moth 30.2007 Financial Summary 3 JEFFREY EPSTEIN Your Portfolio Holdings 4 CIO FINANCIAL TRUST COMPANY Transaction Detail 6 ATTN JEANNE BRENAN 6 0 Fund Activity Your Messages 7 6100 RED HOOK QUATER B-3 ST THOMAS VI 00802.1348 0 m C Your Portfolio at a Glance Market Value of Your Portfolio in TOTAL VALUE Of SECURITIES THIS PERIOD 4,574,378 Cash ai Erauslam 1.1 3.474.448 5465.403 MONEY MARKET FUND BM/ICE 474,448 Dat e 24.574.378 54.329.369 NET EOUEIY TIES PERIOD $5,048,826 IN Current mate value NET EQUITY LAST STATEMENT 4,794.752 MO Leo Netement's market value r CluNGE Set( LAST STATEMENT 254.074 There are no *S109 LOSS' orders or other pending buy or sell open orders on Se for your account. _ S909S£00 IND ANGS rat. tvotti ettona et -oseatata 0t <401 s- awn r<onin as ea' WWII to at, 13 Ora Sennaes at 3:0414, 43. vet it Ora Smite a tatax. non "tartan SI This summary ts for informational This &Wormed should be ses only. F. is not intended as a tax document retalned for our records. See reverse side for newton' Information. Ctn. One atrotanat Cr honk ender. NY. 1193,4019 027 09411/07.07:14 001 1009 LgL8ZZOO-V.L43 EFTA01324726 CLEARIO THROUGPI ITS WOOLLY OWNtO SUBSDATO Swans Swans on. Oe IliaoNth Carlo kr. alai n 11,014159 JEFFREY EPSTEIN 0 z ii STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r _ 99095V:10 IND ANGS 027 OSM/07:0714 001 VAO 85L8ZZOOVida EFTA01324727 MEMOS THRISJOn ITS vmats CvnED sues OAR, OFFICE SERVICING YOUR ACCOUNT Inc. nears Seem Oss Bear. Steams & Co. kn. BEAR 383 Madden Avenue 0'e ittevech Can M mut n :nous STEARNS a illialork 10179 JEFFREY EPSTEIN 3 or STATEuENT POlt00 much 31, 2007 THOCUSs Apr/ 30.3007 isceor van a2 Cash Flow Analysis Income Summary ThsysTsit Tr-uSisc On Fee Oa MOO IIa PERCO TEAR TO Oak LUST STATTAONT Myth 30.2007 OpeningBalance 50.03 Dividends 9.044.56 51436.55 Money Fund 1.997.68 Total 59 044.56 551 036 55 DIvelendsAntemst 7,040813 0 Amount Credited 0 Money Fund 5%044.66 .9.044.56 Portfolio Composition z Amount Debited 5.9,044.56 Casn/Casn Equivalent Equelos 474.448 4,574.378 m Closing Balance $0.00 Total 55.048.826 C in z J Your Portfolio Allocation r Cash& 0 [quintet L9095£00- 019- ANGS Gluon 91% inssend moan ono. Ike ba*x. inVer V.4.1 none. vast 11.4 41044444. 1.404,1244 4 04.14 Yee /V C444/4 ~of 4444r d 400 4c4.00 027 010, 07.0714 COI 11:00 to I8 b.) 11, ) 00 EFTA01324728 GLASSE. TLIACIJGel ITS Vat 04/480 alairf OFFICE SERI/TOOL YOUR ACCOUNT Bug atm Sean Ca Bear. Steams & Co. Inc. BEAR 383 Madison Avenue New Yak. New York 10179 a Wean Cat an a Tort 112014850 STEARNS JEFFREY EPSTEIN 4 cl STAaT PEMOO Math 31.2007 THROWN Ap% 30.2007 AL22ant NtALUR TAXILVOTR kla On File Your Portfolio Holdings LAST STATElieta Mn. 30.2007 CASH & CASH EQUIVALENTS 'WC CIDGerliCri SYNIK4CLIDP OUANDIY Ofra YALU' DREYFUS CASH MANAGEMENT-CL A DIM 474.447.60 1.0000 474.448 INSTINTIONAL SHARES EST. 30 DAY AVG YIELD 5.1600% TOTAL CASH & CASH EQUIVALENTS 5474.448 -n EQUMES C Equities & Options in The research ratings for Bear Stearns (BSC) are shown for certain muffles covered by the BSC Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 Outperform; P — Peer Perform U Underperforrn. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO Market Overweight: MW = Market Weight; MU Market underweight, In cases where the BSC rating is present, the name of an independent. third-party research provider and their rating may also be displayed. where such research is available. The various providers use different ratings systems and have =mated them as lotions: B = Buy; H Hold: S - Sell (this may not always correspond effetely to the underlying rating system used by each provider or BSC). The ratings information contained herein is for informational purposes only and Is not intended to provide tax, legal. or investment advice. Bear Stearns Is neither soliciting any action based on such information. nor endorsing any recommendation or opinion expressed by any independent third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. r Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at ynyw nearuenrris ram or can call (800) 517-2327 to request that a copy of this research be sent to them. 140.10¢T ESTANTED 6511VATED OrScstrxx SNATOUCLISIP Trn OUnaltf PUCE WILE a la Yap elf FELCOR LODGING TRUST NC FCH CASH 2.000 25.5300 51.060 2.000 3.9170 GUMCITER REALTY TRUST-SEP GRT CASH 2.000 27.0100 54.020 3.848 7.1196 89095£00- 019- ANGS HRPT PROPERTIES TR-SSI HPP CASH 10.000 12.2400 122.400 8.400 6.8627 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 45.5300 91.060 6.080 6.6769 5E2 027 Wet 777:14 001 %XS 8 2.4 DO U a O EFTA01324729 CaFAMO THROW... ITS %Hotly c4vNE, SUSSOARY OFFICE SERVICING POUR ArentiNT Am seen Sooner E.OrS Bear. Steams & Co. Inc. BEAR 383 Madsen Avenue New York New York 10179 Ore MerMeth Genet Nam Yolc11201.3419 STEARNS JEFFREY EPSTEIN SHT STATSMT•47 [IMOD MVO 31.2007 THROUGH AM S0,2007 Your Portfolio Holdings (continued) N`CO. MT MASA TM:PAVER NUMMI On Fie LAST STATEMENT March 30,21137 Equities & Options (ccoUnued MST an !SWAM M) DESCAlown7N SIMICUCUMP 1191 swans FAKE w %%YE MOM PCOPAI IMA YEW ON JOHNSON& JOHNSON JIU CASH 57,800 64.2200 3.711,916 95.948 2.5849 BSC RAM* STOCK Matte. NED DIMS RESEARCH RATIN& 0 KIMCO REALTY CORP NC PARKS STOCK 0/SECTOR MW GREEN STREET ADVISORS. RC. KPA CASH 98 48.0700 4,711 141 2.9930 z RAM* $ -n WTS LUCENT TECHNOLOGIES SIC VP 12/10/2007 UJMW CASH 235 0.1400 33 NAYARIT GOLD INC NYRTF CASH 19 0.8930 17 C in PENNSYLVANIA REAL ESTATE se/UTNE/A TRIMMEII PEI CASH 1,794 46.4800 83,349 4.090 4.9071 z J RAMCO GERSHENSONPROPERTIES TRISTMD 581 RPT CASH 12.000 37.0000 444,000 22.200 5.0000 SIRIUS SATEWTE RADIO INC SIRS CASH 1,000 2.9603 2.960 850 RAYING: STOCK P/SECTOR MW ATLANTIS RESEARCH RATIN& e r TRAYELCENTERS OF AMERICA tIC Total Equities& Options TA CASH 200 44.2600 8.852 54.574.376 5142.705 TOTAL EQUITIES 54,574.378 $142.705 YOUR PORT" OHOLDINGSESTIMATED ANNUAL INCOME 5142.705 _ YOUR ,F7FOLIOHOLDINGS 55,048.826 69095£00 IN9 ANGS O5) 1070714 COI MOS I9L8ZZOO- V1.43 EFTA01324730 C‘SMMIS nemOuCal ns meaty Owe SUSSOMW OFTICE SERE:INC YOUR ACCOUNT Beat, Steams 8 Co. Inc. lee. Men Samba CEET. BEAR 383 Madison Avenue ilialligort 10179 CAA Metrowch Gina koM ima m 112014159 STEARNS JEFFREY EPSTEIN 6 )4T STATEMENT MAW Liven 31.2007 TWASAM APO 30.2007 Transaction Detail Apeccro SWIM !PAPAWS MAINS On Fie MONEY FUND AC11VITY LAST STATEVEXT Myth 30.2007 CATE WORMY EREAMACTION DILEAMPTEM STEMOUCLIS• GOWITEI peg DES T MOWN, CMOS AMOUNT 03/31(07 OPENING BALANCE 485,403.04 04/02/07 BOUGHT DREYFUS CASH M4NOSEMENT-O. A oica 5.550 1.0000 5.650.00 O 1611111110/AL SHARES 04/02/07 DNIDEND CREYFUS CASH MANAGEMENT-CL A 1,997.68 INSMUTIONAL SHARES MINN Ca10010 L I 04/02/07 REINVEST DREYFUS CASH MANAGEMENT-CL A DOOM 1,997.68 1,997.68 5 tainvnaut pans PROM RENVEST m 04/16/07 BOUGHT CREYFUS CASH MANAGEMENT-CL A INSITTIMERAL SHARES DIOC( 996.88 1.0000 996.88 z 04/30./07 BOUGHT DREYFUS CASH MANAGEMENT-CL A DIS1THMONAL SHARES 0400( SOO 1.0000 M 500.00 04/30/07 CLOSINGBALANCE 474.447.60 TOTAL 5-9.044.56 51,997.68 r DIVIDENDS NR DESCAPINN SIVINX/CUSES OMMEITv MU MI OCHNIMOUIR COW MCAT 04/02/07 RAMCO GiRsHENSON PROPERTIES RPT 12.030 0.4625 5,550.00 TRUST/AO 511 REC 03/20/07 PAY 04/02/07 OLO9SEOCIA19- ANGS 0416107 GUTACHER REALTY TRUST-S& GRT 2.000 0.4808 961.60 REC 03/30107 PAY 04/16/07 04/16407 KIMCO REALTY CORP KIM 98 0.3600 3628 REG 04404407 PAY 04/16/17 44* ••• •14. otT OSOIJ0707:14 001 woo IJ 00 T.) EFTA01324731 CUPPIE0 71$77:Cral n %MOLLY 00440 VaCIARY 01110E SERVICING YOUR ACCOuur Bea Sian Sautes Cap. Bear. Steams a Co. Inc. BEAR 381 Madison Manua Cap Montaat Caw Nall wound Pap Pak 11201.311bO STEARNS New YOrk, New Yak 10179 JEFFREY EPStEIN 7 a STATO0C777 Elmo Myth 31,2007 111417000.7 Apnl 30.2007 Transaction Detail (continued) ACODENT sumo, ThEPAyER Taw On DM DIVIDENDS (cOnallUed) LAST STATIVEKT March 30.2007 DATE ofintrlich ”1,13CcCUSP 011411711Y RATE (5) aait Al/Dan CREW M10100 04/30707 FELCOR LODGING TRUST INC FCH 2.000 0.2500 503.00 RED 04/I 3/07 PAY DI/30/07 C) TOTAL $7,048.88 0 -n Your messages C ra You are advised to promptly report any inaccuracy or discrepancy In your in account to your broker and Bear. Stearns Securities Corp. (BSSC) at the telephone numbers listed on the front of this statement. In order to protect your rights. including any rights under the Securities Investor Protection Act CSIPA'). any such communications should be reconfirmed in writing to your broker and BSSC at the addresses which appear on the front of this statement. r End of Statement IL095£00- 019- ANGS 027 0501/07737.14 001 1CCO to I S b.) b.) Go -4 EFTA01324732 =ARCO ORCIAH ITS VAC-0' OINED SLI1SOUAV OFFICE SERVKING YOUR ACCOUNT Bet Nan -- Cot Bear. Steams & Co. Inc. BEAR 383 Madson Avenue New %S. New YOIt 10179 Oro - Cott kWh °ROO" Nor Y004112014050 STEARNS (212) MI-2000 JEFFREY EPSTEIN STATLUOCT NORCO MAIM 1.2007 11410UON Myth 30.2007 ACCOUNT WYSE, TAXPAYER NUMICA On Eta µST STAWNOrt Canty 2t 2001 JEFFREY EPSTEIN WO FINANCIAL TRUST COMPANY ATM JEANNE BRENAN 6100 RED HOOK (WATER B-3 ST THOMAS VI 00802-1348 -n Pursuant to your previously issued instructions. Bear Stearns Searities Corp. provides duplicate monthly statements and/or transaction confirmationS to the C third parties listed on the cover page of this statement. If you wish to modify cc cease distribution to any of the recipients Indicated, please contact your Investment Professional. This renvnder notice will continue to be provided to you on your quarterly statements. in Tharl.Pada EPSTEIN INTERESTS NC JEFFREY EPSTEIN ATTN HARRY BELLER 457 MADISON AVE 4TH FIR NEW YORK NY 10022 r ZLOSSE00- 019- ANGS 027 02/31.020843 001 V0013 I S IJ 00 U a EFTA01324733 [Wan) THN003N WHOA'? OA/ED SLESIO4Par OFT Ct SERIACNIG YOUR ACCOUNT Pea. ken Statues Cop. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue One MORRO. COPY Na0 IN Pee On 112014IE9 STEARNS Y Yak 10179 JEFFREY EPSTEIN NASD/fin PROr(SSIDNAL ZICHERMAN.IRA STATOPEPT 00000 Moth 1.2007 TELEPHONE THROuGn MIMI 30.2007 vISIT OUR NTBSITE werw.bearstearns.ccfn *in. NT %AEU What's In This Statement Illrrrlllarll.IlIllelliliIlNIlrrllEElrrllrelxeil 'Nowa µNEER CP Die Wi STATERENT kinsary 28.2007 Financial Summary 3 JEFFREY EPSTEIN Your Portfolio Holdings 4 CIO FINANCIAL TRUST COMPANY Transaction Detail 6 ATTN JEANNE BRENAN T4iNaGUNO0 Fund Activity 6 6100 RED HOOK ElUATER B-3 Your Messages 7 ST THOMAS VI 001302-134El Your Portfolio at a Glance Market Value of Your Portfolio $468403 TOTAL VALUE OF SECURITIES NIS PERM) 4.329.349 "I" "'nal $439.136 SIDNEY 'tartar FUND BALANCE 465,403 Wades $4.329.349 54.490.126 NET EQUITY THE PERIOD $4.794,752 Current /Matt value ME last now/nerd's nu/ken value NET COUNT LAST STATEMENT 4.929.262 CHANGE SINCE LAST STATEmENT -134.510 There are no Stop Loss* orders or other pending buy or sell open orders on fie for your account. ELO9SEOCIA19-ANCIS Pero aNd any efunara a. urea of c. or — top la eavono This summary is for informational Disposes Pay. It is not intended as a lax document. us Oleg Inns t .0004, 420, a NIP u CNN &Nan •• Bow Dews Soculle his statement should be retained for ow records. See verse side 1m important information. 4650 02/ 0341.01:06-.0 COI VOA I8 b.) QO EFTA01324734 “EAREO MOOCH ITS vutnoLLY OmaD Su•SOVICY Me. Suers Seanotti Cap. On Migraech Omer Nal Misr 20 0S JEFFREY EPSTEIN 2 o. 0 0 zT F I STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r _ PLO9SECIO IND ANGS 02? 01/31/07:06:43 001 1006 99L8ZZOOV.L43 EFTA01324735 CUM] IIROU3N YfrO-LY OAICD SUBSIDWIY OtriCE SERVIONG CUR ACCOUNT Bear. Sten Soria Cap, Bear. Steams & CO. Inc. BEAR ~F~8 3~~~~Madison Avenue 33 F 88~¢yy One %Wae. Om. Novi s iaSoft 11201.3851 STEARNS 10179 JEFFREY EPSTEIN 3 n': STATEVEhT Kau, Myth 1.2001 THROVOM Myth 30. 2007 MTh NT %AMR Cash Flow Analysis Income Summary etAnirrt On rile THIS PElb30 1145 PEIne0 RAP 10 OArt LAST STATEWS1 Feiner, 28.2037 OpeningBa lance $0.00 De/Wends 26.267.47 41,991.99 Money Fund 3,569.89 Total $26267.47 $41.991.99 DiyidentIsAnterest 22.897.58 Miscellaneous 10,000,000.00 0 Amount Credited $10.026.287.47 Portfolio Composition Cash/Cash Equine:at 485.403 Money Fund -28.267.47 -n MisccdammuS -10.003.00Ct00 Wades Total 4.329.349 $4.794,752 C Amount Debited 5-10.028,267.47 in ClosingBalance $0.00 z J Your Portfolio Allocation r SLOSSEOCIA19- ANGS USA's - defeat Mb.. 1•01 .a,.. SIOCOCO retrace • 01INIO ten Ty ap>stata enar. vela a, you garble 027 83/2107,0143 COI tn7 8 b.) EFTA01324736 CLEARED 110'004.01 rn PROXY CAVRED SUBSCORE OFFICE SERVCING YOUR ACCOUNT Die. Lana SOMAS Cap. Beat Steams & Co. Inc. BEAR 383 Madison Avenue SSA 10179 Oro IALOOKR ORO ROO S' NOR Lot 11201.3•19 SIMMS JEFFREY EPSTEIN 4 & STAWMENT PERO* March 1.2007 17111012011 Match 30, 2007 ACCOUNT KAROL TAXPAYER µABm On Fie Your Portfolio Holdings LAST STATEMENT Fein" 21). 2007 CASH & CASH EQUIVALENTS IAMOT DLICRITIOR SWBOJEUSIP DUMMY PRXL VAUX DREYFUS CASH MANAGEMENT-CL A OlOOC 465,403.04 1.0000 465.403 0 INSTrUn0NAL SHARES E.$1 30 OAT AS TIELD 5.1700•4 TOTAL CASH & CASH EQUIVALENTS 5465,403 -n EQUITIES C Equities & Options rn The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the BSC Equity Research Department. The fat rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 — Outperform: P = Peer Perform; U Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight: MW — Market Weight; MU — Market underweight. In cases where the BSC rating is present, the name of an independent. third-party research provider and their rating may also be displayed, where such research Is available. The various providers use different ratings systems and have normalized them as follows: B = Buy: H Hold: S Sell (this may not always correspond directly to the underlying rating system used by each provider or BSC). The ratings information contained herein is for Informational purposes only and is not intended to provide tax. legal. or investment advice. Bear Steams is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available duo to legal reasons. r Independent. third-party research on certain companies covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at mecoltarsteamscom or can cal (800) 517-2327 to request that a copy of this research be sent to them. ACCT TAMxm EMOTED EMMA= DISCORON SYDROUCLOP TYPE DANIEL PEACE YALUE Naa scot atm 04 FELCOR LODGING TRUST INC FOI CASH 2,000 25.9700 51.940 2.000 3.8506 GLITACHER REALTY TRUST-SW GRT CASH 2,000 27.0200 51,040 3.846 7.1170 _ HRPT PROPERTIES TR-S8I map CASH 10.000 12.3000 123.000 8.400 6.8293 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 46.8000 93.600 5.920 6.3248 Sal 9L095£00 019 ANUS 027 03/31/07:06713 001 YON 89L8ZZOO- V.Ld3 EFTA01324737 CLVAIC TIROS ITS WHOLLY °NNW SIAMINARY orrcc SERVICING YOUR ACCCEIN1 Bear. Stearns & Co. Inc. arrr Sn,n trans. own BEAR 383 Madan Avenue New York cse 1M10AKe caster NOT H wy AA 2014140 STEARNS York 10179 JEFFREY EPSTEIN S or to STATIONNT MOOD March 1.2007 WROLHAN March 30 2007 Your Portfolio Holdings (continued) ACCOUNT NaaO1 MA'AM MAW On EN strosee Forum; 28.2007 Equities .& Options (continued) ACCT mow (SWAM ES1110,70) DESCRIPTION meows, ntst COUAlir NICE YAWS MINIM MOM YBO JOHNSON& JOHNSON JNI CASH 57.800 60.2600 3.483,028 88.700 2.4892 BSC RATING: STOCK PiSECTOR MW NED DAVIS RESEARCH RATING: IT 0 101403 REALTY CORP ESC RATING: STOCK 0/SECTOR MW GREEN STREET ADVISORS INC. RATING: S KIM CASH 98 48.7400 4,777 141 2.9516 -n WTS LUCENT TECHNOLOGIES INC EIP 12/10/2037 LU1HW CASH 235 0.0950 22 NAYARIT GOLD INC NYRTF CASH 19 0.5110 10 C rn PENNSYLVANIA REAL ESTATE INVESTMENT TRUST-UN RAMCO GERSHENSON PROPERTIES PD RPT CASH CASH 1.794 12.000 44.3300 35.7100 79.528 428.520 4,090 22.200 5.1428 5.1806 TROST4AD SIII SIRIUS SATELLITE RADIO INC CASH 1.000 3.2000 3.200 BSC RAW: STOCK PPACTOR NAY Anions RESEARCH RAMO: B r TRAVELCENTERS OF AMERMA LLC Total Equities& Options TA CASH 200 38.4200 7.684 54.329.349 5133.297 TOTAL EQUITIES 64,329.349 5133,297 YOuR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME LLO9S£00-019-ANGS 5133.297 YOUR PRICED PORTFOLIOHOLDINGS 54.794,752 021 01/31,07:06:43 COI I S b.) 00 EFTA01324738 alum TIROLGH AbOLvE [ono Snistav OFECE SERVICING YOUR ACCOUNT Beat. Steams & Co. Inc. Bev. Saws Stcuitn) Cop. BEAR 383 Vao sec RVPrtue On- C.M. Non BIS Nat et 20 NISI STEARNS JEFFREY EPSTEIN 6 ono STATEUENI PIJ020 Mst I, 2007 nnxinl ;Arm 30.2007 Transaction Detail ALCOUNT Mal TAARAVIR WC 00 Pb MONEY FUND ACTIVITY LAST Ammon Fetasty 222007 OAIE MOW TRANSACTION OEICRITOR meows cowry NICE con AMOJI0 cum mom 03/01/07 OPENINGBALANCE 439.135.57 03/01/07 DIVIDEND DREYFUS CASH MANAGEMENT-CA A DOOM 3.56929 mSTITuTOTAL SHOES /Amor OMOEND 03/01/07 REINVEST DREYFUS CASH MANAGEMENT.CL A DICDC 3269.69 -n 3.569.99 INSTITUTIONAL SHARES DIVIDEND ROTOLST 03/13/07 BOUGHT DREYFUS CASH MANAGEMENT-CA A TACO 21,675 1.0000 21.675.00 C INSTITIMONAL SHARES in 03/15/07 BOUGHT OREYFUS CASH MANAGEMENT-CI. A INSIMATIONAL SHARES DIE= 1,022.56 1.0000 1,022.58 z OV30107 CLOSINGBALANCE 465.403.04 TOTAL 226,267.47 13.569.89 DMDENDS r CAN OfUMW. SVIAROLCOSP CONROY RAM IS) OMR MOAT CARGO WPM 03/13/07 JOHNSON& JOHNSON 1N1 57.800 0.3750 21,675.00 REC 02/27/07 PAY 03/13/07 03/15/07 PENNSYLVANIA REAL ESTATE ff l 1.794 0.5700 1,022.58 NNESTIADIT TRUSTS& AEC 03/01/07 PAY 03/15/07 8L095£00- 019- ANGS TOTAL 522.697.513 027 COI I8 b.) 00 --J O EFTA01324739 CLEARED THROVGN rte 'MOLLY ONNCO StitSO.ARI MICE SERVICING YOUR ACCOUNT NNE Stirs Sean Cop Bear, Sterns & Co. Inc. BEAR 383 Madison Avenue 10179 Ora Nesth tarot wrin i w. .aex a at 20 MS STEARNS JEFFREY EPSTEIN 7 caw 2vEVEWNT PERO° meth troy hrovsn march 30. 2cm Transaction Detail (continued) ECCO2In WARR "Ma TENPAVER wars, On FEB MISCELLANEOUS LNS• S'EEIVRN" FROGNIV 28.2001 art MCCOY TRINSICIION ciElla MOOR OCR MOM 03/30/07 JOURNAL tr t i 10,000,000.00 C) 03/30/07 TOTAL JOURNAL FROMM./ 1.10.0003:00.00 10.000.000.00 $10.000.000.00 0 m Your messages C in Oar Bear. Stearns Securities Cap. Net Capital and Net Capital Requirements: At November 30, 2006 and January 31. 2007. the Company's net capital of Itar SPECIAL NOTICE FOR MARGIN CUSTOMERS If you are a customer with a margin account. you consent to Bear Steams's approximately $4.0 billion and $4.0 billion was approximately 6.8% and 63% right to use, lend or pledge any securities held by Bear Steams in your margin of aggregate debit items and exceeded the minimum regulatory net capital account. In certain cicumstances, such loans or other use may limit, in whole requirement of approximately S1.2 billion and S1.2 billion by approximately a in part, your ability to recent dividends directly from the issuing company $2.8 billion and $2.8 billion. all respectively. and/or your right to exercise voting and other attendant rights of ownership with respect to the loaned. sold or pledged securities. Such circumstances r A complete copy of the Bear. Stearns Securities Corp. Statement of Financial Condition is available on the web site vnnv.bearsteams.com. Alternatively. to include. but are not limited to. loans of securities that you own in you' margin account that continue over record dates for voting purposes and ex-dividend request a free printed copy please call - toll free 1.866.299-9331. dates for dividend distributions. If you do not receive dividends directly from the issuing company, you may receive payments-in-lieu of dividends which could cause you to lose the benefit of the preferential tax treatment accorded to dwidends. _ 6L09S£00 IND ANGS 02: 012)0,43 001 2001 I LL8ZZOO- V.L.43 EFTA01324740 own° THROJGH ITS vartay 0•0420 SLOGOLARY OFFICE STRYNANG YOUR ACCOUNT UN. Scram &an en Bear. Steams a Co. Inc. BEAR 383 Madison Avenue New Yolk New York 10179 a acted'. Car Noll Hes Tart 117014159 STEARNS JEFFREY EPSTEIN 8 it it STATflCW1 PERIOD larch 1.2007 THROUGH MrCh 30. 2007 Ata Taal, MAGER On File IAat STATEMerf1 February 28.2002 You are advised to promptly report any Inaccuracy or discrepancy in your NOTICE OF CHANGE PURSUANT TO TRUTH.IN-LENDING SEC RULE 1Ob-16 account to your broker and Bear. Stearns Securities Corp. (-asst.) at the telephone numbers listed on the front of this statement. In order to protect The purpose of this notice is to advise you of certain changes in the manner in your rights. Including any rights under the Securities Investor Protection Act which interest will be charged on any U.S. dollar-denominated credit extended O CSIPA"), any such communications should be reconfirmed in writing to your broker and BSSC at the addresses which appear on the front of this statement. to you by Bear. Steams Securities Corp. CBSSC') for the purpose of purchasing. carrying or trading in any security. Interest will continue to be based on either the BSSC Margin Basis Rate, or a London Interbank Offered z Rate pUBORI as specified in the chart below, The BSSC Margin Basis Rate will -n be quoted each business day by BSSC at our main office in New York. Factors affecting the determination of the BSSC Margin Basis Rate will include the shortterm market Interest rates quoted by money center banks and the C Federal Reserve and the rate that BSSC is charged for borrowing money. in z -H r 08095£00- 019- ANGS 077 00110/04.43 011 Ira I S IJ 1,2 00 10 IJ EFTA01324741 CLEARED nfROLJOH ITS vocaY 'YAWED SUBSCrARY OFFICE SERVICING YOUR ACCOUNT Sot Sofro focroes Coif Sear, Stearns & Co. Inc. BEAR 383 Madison Avenue New York. New Yon 10179 Oro Vopeleffi Coto tin s ot 11201.]•39 STEARNS JEFFREY EPSTEIN Ennuref 9tRO0 March 1.2007 ogROuGH Worth 30.2007 AcCOVNT NOW3Eft TAXPAvER Kota On He LAS vetiver rebury 28.2007 Effective no eater than thirty (30) days from your receipt of this statement: 2. Interest may be charged to your account at varying rates during the month Ear to reflect any changes in such interest rates that have occurred during the 1. The annual rate of interest charged to you on U.S. dollar-denominated month as well as any changes in the applicable rate caused by a change in the credit nil not exceed the specified percentage over the applicable rate, as size of your debit balance. indicated in the following chart: O riffta Vote Range Index tntoRd In IntIn 3. The rate of interest Charged to you on any credit extended to you in a cunency other than U.S. dollars shall continue to be based on either (I) a LIBOR. as such rate is compiled by the British Bankers Association and m Up to 5499999 5500,000 - 5999.999 51,000,000 - 52.499,999 Margin Basis Margin Basis Margin Basis + 3.000% + 2.000% t500% published on Bloomberg or Reuters. a (O any other rate quoted by Reuters that is applicable to the currency in which the obligation is denominated or, if a rate for such currency is not quoted by Reuters. the rate provided by Bear 52,500,000 - 54,999,999 UBOR + 3.000% Steams Securities' local bank. In either case. the annual rate of Interest on ci 55,000,000 - 59,999.999 IJBOR + 2.250% such non-U.S. dollar denominated debit will continue to not exceed 5% above m 510.000.000 and above UBOR 1.750% Debits In currencies other than U.S. dollars will not be taken into account in either a LIBOR. any rate quoted by Reuters or the rate provided by Bear Steams Securities local bank, and will appear on your monthly statements. The actual rate charged to you at any given time will be notified to you on computing the debit size for purposes of determiling the applicable interest request and the amount charged to you will appear on your monthly rate. The rate corresponding to the debit she range In which your U.S. dollar H denominated debit falls will apply to the entre amount of your U.S. dollar statements. denominated debit. The actual rate charged to you at any green time will be 4. Unless otherwise agreed. the BSSC Fed Funds Rate will no longer be an notified to you on request. and the amount charged to you will appear on your available option for computing interest. r monthly statements. T809S£00 IND ANDS o27 01/3107 06 43 001 V003 flaZZOO-Vin EFTA01324742 UMW THROUGH 7117 "MOLLY 010710 SALSIDWAY met SEMING YOUR ACCOUNT Inc stem Sairtes Co. Beat. Stearn% & Co. Inc. BEAR 383 Madison Avenue 10179 Ore Inirciedi Center wan Nat To* 11201.31S9 STMRNS JEFFREY EPSTEIN 10 e ID reale!? MOOD Mardi 1.2007 ITACOSH March 30, 2007 ACCEVICI %Wee l in• TAXPAYER Wteet On Fie vaT srAlTIMIT Fetruery 28, 2007 BSSC makes changes in any of the credit terms and conditions described ter Ifherein if a change is required by law, we will notify you of such change within or a reasonable period of time. unless such change results in the same or a higher rate to you, in which case we will provide you at least 30 days' prior 0 written notice. The annual rate of interest you are charged may fluctuate with changes in the BSSC Margin Basis Rate. a LIBOR. any of the rates quoted by Reuters or the rate provided by BSSCs local bank. The changes in rates resulting from this fluctuation will be made without prior notice to you (as -n contrasted with changes in the credit terms and conditions, notice of which will be provided as deserted above). C in The Twill-in-lending disclosure previously provided to you shall continue to apply except as specifically noted above. End of Statement r _ Z8095£00 IN9 ANGS 027 03/3107:06,43 001 V001 tLL8ZZOOVL.43 EFTA01324743 CLEARED THROWN ITS %WOLIN OWNED SVISORAY OFFICE SERVIES14 YOUR ACCOUNT Mt SNOTS SNOWS COP Bear, Steams & Co. Inc. BEAR 383 Madison Avenue N YrM N York 10179 Ofit lielPecli cave 16310 at 10 74.19 STEARNS JEFFREY EFSTEfie INVESTMENT PROFESSIONAL ZIEHERMAMIRA STATEMENT PEROO Eettuary 1.2007 TELEPHONE TERVX414 Fetruary 28.2037 VISIT OUR WEESITE www.bearsreamscom ACCOLTO WYNN Illllllllllllllilllll! What's In This Statement Illrrrllrlrlrelelllilerleleeellnllerlrrlleellreleleelleleleel TAXPAYER MAMA Oil Fie LAST STATEMENT Unary 31.2007 Financial Summary 3 JEFFREYEPSTEIN Your Portfolio Holdings 4 C/0 FINANCIAL TRUST COMPANY Transaction Detail 6 ATTN JEANNE BRENAN TOiNaGUNO0 Fund Activity 6100 RED HOOK QUATER 8-3 ST THOMAS VI OO8O2-1348 Your Portfolio at a Glance Market Value of Your Portfolio S439.136 TOTAL VAWE OF SECURITIES TITES PCJO00 4.490.126 Cult 4 WASTE $1.423.448 MONEY MARXET FUND BALANCE 439.136 WON $4,49O,126 SA.724.233 NET EQUITY Tie mato° 54,929.262 Current mew valve NET EQUITY LAST MODEM 6,147.679 Last Materiel* Markel vase caiNGE SWF LAST STATEMENT -1.218.417 There are no 'Stop Loss' ceders or other pending buy or sell open orders on file for your account. £8095£00-019-ANCIS •"/ <ann. CN.ae v a:Ca reaM4 PT <NTT.. gpc sunew3 eronnalcut 2D3mes !!! rt in0•0 as m manic. acum era!! 60,434.,4211 Or Medr a SpNces el kW Bkr• Panne. me netentra shed: be ra•SIC fte yto. rexem See MAO< 44 Ice MiXelan Tfamitca Of• thinimp Cn' hra li mbo. NT D20,3034 CET 01019? OS 17 D31 5LL8ZZOO-V.L.43 EFTA01324744 CLFARGD 'Morton rre aniCalr CYANID SLIISiOultv Saar Sown Sanwa*. Cap. Coe Werra. Cale Kati assitaat 11201.385.0 JEFFREY EPSTEIN 2 al 0 0 z T F I STATEMENT BACKER IS PRINTED ON THIS PAGE C in z -H r _ P8095£00 IND ANGS C27 031014706:17 001 V006 9LL8ZZOOV.L.43 EFTA01324745 =cc TmAWON ITS VACLY CWIED EILMICARY OFFICE SERVICIMG YOUR ACCOUNT Sec Sams Rafts Oem. Bear. Steams & Co. Inc. BEAR 383 Mattoon Avenue New York. Nee Yoh 10179 Ore Weamech Car WM Cokin aer Tick 11201JFa9 STEARNS JEFFREY EPSTEIN STAMAINT Pa= February 1.2007 TIMMS. tobnaly 20 2007 ACCOuNT MA— Cash Flow Analysis Income Summary TACANIR MYNA On Fie TIC MII00 DIG TEEM 'IAA 10 OWE LAST STATEMENT binary 31.2007 OpeningBalance SO.00 Dtvderds 15.689.24 15. 724. 52 Monti Fuld 1.014.209.24 Total $15.889.24 515 724 52 DividerebAntetest 1.48000 0 Amount Credited $1.015.689.24 Portfolio Composition Money Fund -15.689.24 z Funds Withdraw Cash/Cesh ECIUNISSNS 439.138 -n -1.000.000.00 EqUi907 4.490.126 Amount Debited 5.1.015.88924 Total $4.929.262 C Closing Balance $0.00 rn z J Your Portfolio Allocation r Cash &Econ. _ Coutes 92% S8095£00 IND ANGS ISSN COSS SS as Smoi row Sort SIS P0s. IS Saes posts • SS bes Po SSW M41 .rw a Oa MSS 027 0101,07:0317 001 COS LLL8ZZOO-V.L.43 EFTA01324746 CLEARED THROLOR ITS MOLLY ORNEE SUOSOVAR OFFICE SERVICING YOUR ACCOUNr Bear. Steams & Co. Inc. a Si..,.. Saes OF BEAR 383 Madison Avenue 10179 One It tnCea Mon 11201.1149 STEARNS JEFFREY EPSTEIN 4 a: IIIATDAOrt PERIOD (*Mary 1.2007 imam rouvary 28.2007 ACCOU•Er %WEER IMOMENIP2 TAXPAYER µA!LR On Fie Your Portfolio Holdings LAST STATEWEST lbRary 11. 2007 CASH & CASH EQUIVALENTS Nal CITWARD Eallt0 CESCASPOON SYMOL/CUO0 coommy 10:22( MOW0.1. WOK YEW 00 DREYFUS CASH MANAGEMENT.O. A DCXX 439,135.57 1.0000 439,136 23.274 5.3000 0 INSTITUTINAL SNARES ES!. 30 DAY AVG YIELD 5.1700% TOTAL CASH &CASH EQUIVALENTS 9439.136 523.274 m EQUMES Equities & Options m The research ratings for Bear Steams (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Ana/pt. The key for the stock rating values is as follows: 0 - Outperform; P — Peer Perform; U Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO - Market Overweight MY/ - Market Weight; Mu - Market underweight. In cases where the BSC rating is present. the name of an independent. thidsarty research provider and their rating may also be displayed. where such research is available. The various providers use different ratings systems and have normalized them as follows: B — Buy; H — Hold S = Sell (this may not always correspond direcUy to the underlying rating system used by each provider or BSC). The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal, or investment advice. Bear Stearns is neither soliciting any action based on such information. ncr endorsing any recommendation or opinion expressed by any independent. thid-party research provider. The symbol indicates that continuing coverage of the subject company is tempi:only not available due to legal reasons. r Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost. Customers can access this research at www.bearstearns.com or can call (800) 517-2327 to request that a copy of this research be sent to them. ACCT IMIXET esnuarto csromne PISCROMX STIMOUCUS, MI Clan POOL Ha Ma MOLE YOB lip FELCOR LODGING TRUST INC FCH CASH 2,000 23.5800 47,160 2,030 4.2409 COACHER REALTY TRUST-581 GRT CASH 2.000 27.8100 55,620 3,846 6.9148 _ MK PROPERTIES TR-SEll HRP CASH 10,CO3 12.9200 129,200 8,400 8.5015 HOSPITALITY PROPERTIES TRUST HPT CASH 2.003 46.0700 92.140 5,920 6.4250 Sal 98095£00 IN9 ANGS 027 0101.07.06:17 Oat KOS 8LL8ZZOO-V.L.43 EFTA01324747 CLEARED .14105Oa WMO.LY 049.10 350394.4115. OFFICE SERVICING YOUR ACCOuNT Bear. Stearns & Co. Inc. Mr. ken Sttu9lei Cap. BEAR 383 Madison Avenue New Yak Nett York 10179 Dre 11tuotan 04•04 xmn armor. We. Yen 11201.3459 STEARNS JEFFREY EPSTEIN 5 StatIAINT 411000 innary 1.007 14ROUGH reteuery 28.2007 Your Portfolio Holdings (continued) so:otter 91.443411 12.444403 00.45ER On Fie 5459 swarwria Jewry 31.2007 Equities 8 Options (contirued) far WM/ MPS= ESTMATED DESCRIMON 5112101X2MP TIPP 0214IMIY Set MMUS& MOVE YIEID JOHNSON& JOHNSON JW CASH 57.800 63.0500 3.644.290 86.700 2.3791 BSC RATING: STOCK P/SECTOR SAW NED DAVIS RESEARCH RATING: B KN10O REALTY CORP KIM CASH 98 50.2600 4.925 141 2.8629 BSC RATING: STOCK &SECTOR mei GREEN STREET ADVISORS, INC. RAMC: S -n WAS WCENT TECHNOLOGIES INC Cal 12(1042007 LURAY CASH 235 0.1750 41 NAVARIT GOLD INC NYRTF CASH 19 0,5730 11 C in PENNSYLVANIA REM ESTATE INYESTmEM TRUST-SBI RAMCO GERSHENSON PROPERTIES PO RPT CASH CASH 1.794 12.000 43.1600 3.5.7003 77,429 428.400 4.090 21.480 5.2823 5.0140 TRUST.141) SIRIUS SATELLITE RADIO INC SIR1 CASH 1.000 3.6500 3.650 BSC RAMC: STOCK NSECTCR MW ATIANTIS RESEARCH RATING: B r TRAVELCENTERS OF AMERICA :LC Total Equities& Options TA CASH 200 36.3000 7.260 $4.490.126 5132.577 TOTAL EQUITIES 54.490.126 5132,577 YOUR PORTFOLIOHOLDINGSESTimATE0 ANNUAL INCOW_ 5155.851 L8095£00- 019- ANGS YOUR PRICEDPORTFOLIOHOLDINGS $4.929.262 :10101:0511 CO1 9005 8 IJ 00 EFTA01324748 ELDRED naouar4 /rs wriCtar CIATED WM:DAMN OFFICE SERVICVG YOUR ACCOUNT Bear. Steams & Co. Inc. Sar. 11w,. Mattes Co',. BEAR 383 Madison avenue LM Metraerh Este NWT of 11201•38S9 STEARNS MaiOft 10179 JEFFREY EPSTEIN 60 STATEssEhT PERCO ECCOME/ 1.2007 TIRO:row Fotroary 28. 200 / Transaction Detail ACCOINT NAMES a imPAMER rissMEN Co FM INVESTMENT ACTIVITY LAST STATEMENT mnary 31.2037 SETTIDAVET MAX PATE GTE MENSAETKM OISCMPTIZIE SM.MCNVJEIS CNA/an CRCS 0(80 MEOW CR103 AMOUNT 0205107 02/01/07 SOUGHT TRAVELCENTERS OF AMERICA tic TA 200 SPINOFF ON 2000 SIC HOSPITALRY PROPFRNES TRUST SPINOFF FROM SECO H408026 RFC 01126)07 PAY 01/31(07 TOTAL -n DEPOSITS AND WITHDRAWALS CATE 170ANACnCH orscernas MIT MECUM CRE011MOM C in 02/14/07 FND RARE° MDMACT037268FNDSVARED TO PSC AC ElMa. NA C•309686 1.000.000.00 TOTAL S-1.000.000.00 MONEY FUND ACTIVITY r Wi MICAS 02101/07 EINGACIEN OPENINGBALANCE SMKILCAW COMM 1,423,446.33 OM MAW CROW •MOU1/1 02/01/07 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICD 14.209.24 INSITHRONAL SHARES MONTHLY IMMO 88095£00- 019- ANGS 02/01/07 REINVEST DREYFUS CASH MANAGEMENTCL A OIC/OI 14,20924 14,209.24 iNSMIIIIDNAL SHARES INVICEND REINVEST 02/14107 SOLD DREYFUS CASH IMNAGEMENT-Cl. A DIM -1.000.000 1.0000 1.000.000.00 INSITHITCAHL SHARES 027 03/01/07,26:12 (01 1008 I8 IJ INJ 00 00 00 O EFTA01324749 CLEARED 114tOLKIN (15 1771.0t1. OMLD suestosonr ONCE SERVICING YOUR ACCOUNT me. Sarre Seantlef COWL Bear. Stearns & Co. Inc. BEAR 383 Madison ARMY! One - Ceti" Mn Nasty, Fenno.% 11201.3559 STEARNS New York, New York 10179 JEFFREY MIEN 7 11 7 STAID MT MHO THRUM 12007 T1910uCH Femurs 28.2007 Transaction Detail (continued) Arnyta nARIER TAX•AVIR leetHER On rile MONEY FUND ACTIVITY (continuod) LAST 511719510 197.12.17 11.2007 OAR MOON( TWZACTION Maar= SINICUeuMP WHIM PRCE 01911 AVOLP/T CREDIT &wan 02/15/07 BOUGHT DREYFUS CASH MANAGEMENT•CL A DICU 1.480 1.0000 1.480.00 NSTINTIONAL SHARES C) 02/28/07 CLOSINGEMLANCE 439.135.57 TOTAL 3.15.689.24 31.014.20924 -n DIVIDENDS OATS DESCINPIICM MAIOU0A• COWIN RAW (S1 OM AVOUNT CREDIT ATIOLN1 C in 02/15/07 HOSPITALITY PROPERTIES TRUST S8i REC maw PAY 02/15/07 HPT 2.000 0.7400 1.480.00 TOTAL S1.480.00 r STOP End of Statement _ 68095£00 IN9 ANGS 027 OV77070517 071 06 I 8L8ZZOO- V.L.43 EFTA01324750 CILNWO 1,4804381 ITS AbONLY OVOCO SueSCANY OFFICE SERVCING YOUR ACCOUNT Stir S'.r. Stooges CAT Beer. Steams & Co. Inc. BEAR 383 Mason Avenue 10179 ab UstoUch Cane Pun teix*Syt New ICA l'.201.11b, STEARNS 121711-1000 JEFFREY EPSTEIN MI-SIMI-NI PROF ESSEN* 2ICHERMAN.MA STATENENT Pomo December' 30. 2006 TELEPHONE /MCCAIN January 31, 2007 VISIT OUR WERSITE wmv.tearsteams.com ACCOUNT raJMIER =NM What's In This Statement IIIIIIIIIIIII.IIIIlllll11111.Ill.IIllIluIll11lbillllll.1111.1 TAXPAYER meant On Fie tar 'TATO/CPT December 29, 2006 Financial Summary 3 JEFFREY EPSTEIN Your Portfolio Holdings 4 GO FINANCIAL TRUST COMPANY Transaction Detail 6 ATTN JEANNE BRENAN TOiNaGUNO0 Fund Activity 6 6100 RED HOOK WATER B-3 Si THOMAS VI 00802.1348 Your Portfolio at a Glance Market Value of Your Portfolio Ceti a feriaelere 51 423446 TOTAL VALUE OF SECURMES DC PERIOD 4.724.233 55.051.800 MONEY MARKET FUND BALANCE 1,423.446 Erna S4,724,233 54.667.973 IC COMFY Ma PtIttOD $6,147,679 Current market vela NET EOUDY LAST STATEMENT 9.719.773 MI Last Statement's markt value Crania SINCE UST STATEMENT -3,572,094 There are no 'Stop LC65' orders or other pending buy or sdl open orders on file for your account. 06095£00-019-ANCIS P% noon Inv Olbrob b OAP Sendai obrApobt C abets c. Abet Mad As Tebbe, b yb. 62043.142* (I NS I8 08.1Sworn ie Berne San rattan gi Tim n*. suneary is Ice Otembenbparpiebt Oat/. CRAM Teloatl PI 8 MX Winn , flatterer mom 14 ranee to yar melt SAO Itars• WO be keen-art oftenatlel Cab. Ole MnSm CO.W N. Beech" 20 453 027 02/01.07:06.16 001 '004 En I S IJ V.) 00 00 IJ EFTA01324751 0 z m STATEMENT BACKER IS PRINTED ON THIS PAGE ci m z H r T6095£00 IND ANDS 021 0201*7:06 If CO1 VC04 f:SLSZZOO-Vid3 EFTA01324752 CLEAREO T.4001.01 ITS WMOLLY NNW SuBSONRY CO10E SERVICerG YOUR ACCOten Pear. Stearns & Co. Inc. Bev. Sun Secultas rum. BEAR 383 Madson Avenue N rgY r% York 10179 Oft mama" On Nag .4evran 71201.3659 STBIRNS JEFFREY EPSTEIN Surnsica PEROO OeConact 30.2006 naqqo January 31. 2037 Mtn.INT Mallet Cash Flow Analysis Income Summary Tart* Nada On FM IlaS /MOD nos Prall00 MA moat LAST STATDADIT Decants 29.2006 Openingealance $0.00 Dividends 3S.28 35.28 Money Fund 4,523,910.27 Total $35.28 $35.28 0 Funds Deposited DividerdsAnterost 838.758.97 8.966.88 0 lAiscollanyous 10.000.000.00 Portfolio Composition z Amount Credited $15.371.646.12 CaslVCash Equivalent 1.423.446 m Money Fund .871.646.12 EtPdies 4.724.233 Total C Funds WitxtaAn -4.500.000.00 $6.147.679 in Miscellaneous Amount Dedted .10.000.00040 z $.15.371.646.12 Clmg 8artoe SO.® j Your Portfolio Allocation r Cash 4 Equvaknt 24% Z6095£00- 019- ANGS Equtos 76% 1.14.4b. wive de o* C•44 Wino arab ton Ifate. .gas TP• abate, pniebog• • Oto.e0 Inn Po atsChle row -an or ny Iayeae 02)0701:3616 WI \CC`4 to 8 b.) 00 00 00 EFTA01324753 O.-EatO TIROUGH ITS WeOtlY OW!: SUIPSOARY MEE SavICING YOUR ACCOUNT Beer. Stearns & Co. Inc. bar SSW% SIPOMMIS CaP BEAR 383 Mac eon Avenue Milo* '0179 Oft Ihereiout Cat, ren, /000.. Nett 130 11201-3$39 STEARNS JEFFREY EPSTEIN 4 Or. ststtea PIM= 0000Mbtf 30.2006 ThOicoan January 31.2007 AC !NWT WISER Taut% MAMA On Flo Your Portfolio Holdings oda evArewere Coombe 29, 2006 CASH & CASH EQUIVALENTS WASET MATEO 1301100) Dt300,110N SWOOLOCUSP O.61wn-r PItte VW" MINA PCOW HOD IV DREYFUS CASH MANAGEMENT-CL A DICXX 1,423,446.33 1.0000 1.423.448 75.443 5.3000 0 INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 81600% TOTAL CASH 8. CASH EQUIVALENTS S1.423.446 $75,443 Z T r l EQUITIES Equities & Options m The research ratings for Bear Steams (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values Is as follows: 0 - Outperform:P. Peer Perform:LI Underperform. The second rating represents the rating W the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight: MW — Market Weight: MU Market underweight. In cases where the BSC rating is present. the name of an independent. third-party research provider and their rating may also be displayed. where such research is available. The various providers use different ratings systems and have normailted them as follows: B Buy: H = Hold: S — Sell (this may not always correspond directly to the underlying rating system used by each provider or BSC). The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal or investment advice. Bear Stearns is neither soliciting any action based on such information. nor endorsing any recommendation or opinion expressed by any independent. third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. r Independent. third-party research on certain companies covered by the Frm's research is available to customers of Bear Steams at no cost. Customers can access this research at voivw.bearsteams.com or can call (800) 517-2327 to request that a copy of this research be sent to them. waRI01 ORIVARD Ulla= OBOWIION 50.4000.101. 114E Quoin Kier vuut Mast WOK YonD Oa FELCOR LODGING TRUST WC FCH CASH 2.000 22.0700 44.140 2.030 4.5310 CLINCHER REALTY TRUST-SW GRT CASH 2,000 28.2600 56.520 3.846 6.8047 _ HRPT PROPERTIES TR-SEll HRP CASH 10.000 13.0200 130.200 8.400 6.4516 HOSPRALITY PROPERTIES TRUST HAT CASH 2.000 48.8000 97.600 5.920 6.0656 SBA £6095£00IN9 ANGS 027 030103ale 001 YON 58L8ZZOO- V.L43 EFTA01324754 MARIO 130030, ITS N1o3u, EvoNED EAASSOARY OFFICE SERVICING YOUR ACCOUNT Hew. Steams 6 Co. Inc. Pow 511aM ScOstoes Coop. BEAR 383 Madam, ARMY* (Re Retouch Cane NET air maM 201 3859 STEARNS irlikat ek 10179 JEFFREY EPSTEIN 5>9 STATEMENT PER100 DeCembe 30.2006 -nOUCH .Insy 31.2007 Your Portfolio Holdings (continued) MOO NT %Witt TAXPAYER RAMER On Me NET STATERVT DECRITIECt 29.2006 Equities 8 Options (OontInued) ma HA= wawa) MUTED CESCItERICH VW/0ms. min Comm PIKE wax PAS raaart NEW IIK) JOHNSON& JOHNSON JNJ CASH 57.800 66.8000 3.861,040 80700 2.2455 TWG: STOCK P/SECTOR BSC DAVIS RESEARCH RANNG: B NE0 RA 0 MACO REALTY CORP BSC RATIC: STOCK 0/SECTOR /4W GREEN STREET ADVISORS. INC. KIM CASH 98 49.8000 4,861 141 21006 RAMC: $ -n WS LUCENT TECHNOLOGIES INC DIP 12/10/2C07 Lowe CASH 235 0.1900 45 C NAYARIT GOLD INC NYRTF CASH 19 06640 13 in PENNSYLVANIA REAL ESTATE DivESTNENT WUST.SBI PEI CASH 1394 42.7000 76.604 4.090 5.3391 z RAMC° GERSHENSON PROPERTIES 1RUST4AD SBI RPT CASH 12.000 37.4600 449.520 21.480 4.7784 SIRIUS SATELLITE RAM INC MI CASH 1.000 3.6900 3,690 MC RATING: STOCK ASECTOR MW ATIANT6 RESEARCH RAMO B r Total Equities& Opticos TOTAL EQUITIES 54.724.233 $A 724,233 Si 32.577 $132,577 YOUR PORTFOLIONOLOINGSESTIMATED ANNUAL INCOME 5208.020 YOUR PRICED PORTFOLIOHOLDINGS _ 56.147.679 V609SECIO IND ANGS C2: 32.C. 0706.16 031 V004 98L8ZZOO-V.L43 EFTA01324755 =MEN fl ow. r73 ?mow OWNED SuBSOMItY OFFICE SERVICAU YOUR ACCOUNT Bear. Steams 6 Co. Inc. Dear kers WOWS Cup. BEAR 383 Madison Avenue New York New York 10179 AN lieretech Come INN/ Bototlyet New et 20 3 STEARNS JEFFREY EPSTEIN 6 Cr e rerEuE31 PER,30 December 30.2006 THROJON /Wary 31.2007 Transaction Detail CPENANT SPIOORR TAXPAYER erteetieli Cr, Tie DEPOSITS AND WITHDRAWALS twsr sTATMENT DOCernber 29.2006 DATE TRM.13AC1)0N OfSeRPION OtW /Ansa MOT WIlT 01/05/07 ENO WIRED MDAOCT017322ENDSWIRED TO 1.500.000.00 BANK. NA C•282003 0 01/10107 FUNDS REC FNDSWIRED TOCMBANK FROM 838.788.97 01/11/07 END WIRED MDASMB355952FNOS WIRED TO 1,000,000.00 -n 01/22/07 END VARED EtANK) NA FD/004472 MDA MB361145FNOSWIRED TO 1.000.000.00 SE BANK NA C A FDP04284 in 01/29/07 FND VANED MOMEMB365572FNDSWIRED TO A SE BANK. NA F0005322 1.000.000.00 TOTAL S-4.500.000.00 5838,768.97 MONEY FUND ACTIVITY r DATE INIDAY 12/30/06 NU/4CM INLSOOPNCel OPENINGBALANCE SIA3OUCLGIP OUNITIN 5,051,800.21 DOT MORO CAM MOM 01102/07 REINVEST DREYFUS CASH MANAGEMENT-CL A MCA 23,910.27 23,910.27 INSTITUTIONAL SNARES DMDDM REINVEST _ 01/02/07 OMDEND DREYFUS CASH MANAGEMENTCL A DICE/ 21910.27 DISTIRMONAL SHARES AMT INCWDED 142006 -1099 01/03/07 BOUGHT DREYFUS GSM MANAGEMENT CL A DICOC 5.370 1.0000 5.370.00 9151111.10)40.1 SNARES S6095£00 IN9 ANGS 027 02010070616 COI NM. L8L8ZZOO-V.L43 EFTA01324756 CLEARED THROWN ITS MCJ.V OWNED SueSOPAY OFFICE SERVICING YOUR ACCOuNT Per. Swims Startles Cap Bear. Szeams & Co. Inc. BEAR 383 Medium Avenue New York. New Tat 10179 -Genie WV. tecetr. lies RA 11201.3134 STEARNS JEFFREY EPSTEIN 7 re STAliPAINT 171400 DROPTOSt 30.2005 THROWN January 31, 2007 Transaction Detail (continued) AMOUR PUMPER TAXPAYER POW On Tie MONEY FUND ACTIVITY (contated) LAP nmoNNT Dew,L. 29.2006 011E MOAT 11bVISACSON DESCEIFOOS SRAIOLAILSIP RAM DOT AMUR CREW AMOUNT 01.05/07 SOLD DREYFUS CASH MANAGEMENT-CL A DIO0c 4,500,000 1.0000 1.500.000.00 0 01171/07 BOUGHT INSflTUTCNAL SHARES DREYFUS CASH MANAGEMENT-CL A DM30f 838.768.97 1.0000 838.768.97 0 01/11/07 SOLD INS-THERMAL SHARES DREYFUS CASH MANAGEMENT-CL A RICA -1.000,000 1.0000 1,000,000.00 INSTITLRENAL SHARES 01/16/07 BOUGHT DREYFUS CASH MANAGEMENT-CL A 985.88 1.0000 996.88 m DisimmoNAL SHARES 01/22/07 SOLD DREYFUS CASH MANAGEMENT-CL A -1.000.000 1.0000 1,000,000.00 C INS1IW00NAL SHARES in 01/29/07 SOLD DREYFUS CASH MANAGEMENT-CL A INSTHUTIONAL SHARES DICAf -1,000,000 1.0000 1,000,000.00 01/31A)7 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICDC 2.600 1.0000 2.600.00 INSMURDNAL SHARES 0444 01/31/07 CLOSINGBALANCE 1.423.446.33 TOTAL 5-871.646.12 54.523, 910.27 r DIVIDENDS DAR DESCASION symmuCesP OUANTITT tun cs) OM Mann MOP ay 01/02/07 RPJACO GERSHENSONPROPERTIES RPT 5.370.00 TRusT-me SRI _ CASH oN ON 12000 SHS MC 12/20/06 PAY 01/02/07 AmOUNT MCUXED ON 2C06-1099 01/16/07 KIMCO REALTY CORP KIM 98 0.3600 35.28 MC 01/02/07 PAY 01/16/07 96095£00IN9 ANGS on 02.101/07116c10 001 SCO4 88L8ZZOO- V1.43 EFTA01324757 0.FARED TaRDJON rrs Wwaxy DAN® SUOSIONRy Cffief SERVICIPG YOUR ACCOUNT fleet. Steams & Co. Inc. NY Saws StOattet CDR. BEAR 383 Macia0n Avenue New York New If 10179 Ono LIKR4ech One NUM Rao Pen 112014459 STEA RNS JEFFREY EPSTEIN a cto STATNIENT PERIOD December 30.2006 natans krua-7 11.2007 Transaction Detail (continued) ACOCON %OMER TAXPAYER MIRE* On Me DIVIDENDS (continued) ENT STANDEN December 29.2016 pm DESCREDON SIINOUCUSIP CWNIIV MN IA DINT Al/CON1 ENDO NNW 01/16(07 GLPACHER REALTY TRUST-SRI GRT 961.60 CASH OW ON 2003 SHS REC 12/29106 PAY 01/18/07 C) AMOUNT INCLUDED ON 2006-1099 0 01131/07 FELCOR LOOGING TRUST INC CASH MY ON 2000 SHS REC 12/29(06 PAY 01111/07 FCH 600.00 AMOUNT INCLUDED ON 2006-1099 -n 01/31/07 HRPT PROPUMES CASH DM ON 10000 94 REC 12/29/06 PAY 01111/07 AMOUNT INCLUDED ON 2006-1099 HRP 2100.00 C TOTAL $8 966 88 in MISCELLANEOUS DAN LOON 1RMSJC1U CESCIRPROM CENT Mara CRIER NOM 01/30/07 JOURNAl. 10,000,000.00 01/30/07 JOURNAL FROM r TOTAL $-10.000.000.00 10400.003.00 110000.000.00 L6095£00- 019- ANGS End of Statement 027 07.010706.1. 001 1004 Cr1 8 IJ 00 -J 00 EFTA01324758 EFTA01324759 SDNYG,00356098 CONFIDENTIAL FFI'A_0022879D