OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc BEAR STEARNS What's In This Statement FINANCIAl SUMMALY ....seseeseereeerrstensseeneneee Your Portfolio HOIMINES ........00++ seeeeeneeeeee Transaction Detail ......seseeeeereee FUN ACHIVIY ccccccrcsccscccssccsccecerseccccsecsoscoes oor w Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD 4,583,830 MONEY MARKET FUND BALANCE 12,451,687 NET EQUITY THIS PERIOD $17,035,517 NET EQUITY LAST STATEMENT 9,084,654 CHANGE SINCE LAST STATEMENT 7,950,863 There are no "Stop Loss" orders or other pending buy or sell open orders on file for your account. Please report any difference or non-receipt of checks or stocks, indicated as delivered to you, to Cient Services at 800-634-1428, or wnte to Chent Services at Bear, Stearns Securtes Corp., One Metrotech Center North, Brookiyn, NY. 11201-3859 027 Confidential Treatment Requested by JPMorgan Chase 3008021348239? JEFFREY EPSTEIN C/O FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN ST THOMAS VI 00802-1348 Market Value of Your Portfolio $4,670,736 coutios AMIR, 529,20 4,413,918 BE carrer market value PERE Last staterment’s market value This summary Is for informational purposes only. It Is not intended as a tax document Cash & Equivalent — nN $12,451,687 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. JEFFREY EPSTEIN STATEMENT PERIOD August 1, 2006 THROUGH August 31, 2006 TAXPAYER NUMBER On File LAST STATEMENT July 31, 2006 This statement should be retained for your records. See reverse side for important information. 08/01/06;07:58 001 vars JPM-SDNY-00056473 EFTA00065502

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Cash Flow Analysis and Cash Balance Cash Flow Aralysis reflects the categories of cash actity. Cash Balance Summary refects the cash balances by account ter Opening Balance is the credit or debt camed over fram period Retirement Plan: Refiects the contrintions receives and Getrbutons paki during thts statement penod as wel as for the previous year Your Portfolio Allocation: A pie chart cefring yar asset allocations (CastvCas) Equwaient, Equbes, Mutual Funds, Fouad Income. Other). Portfolio Composition: Aetets a summary of castvcash equivalent, equiies, mutual finds, and fied incorne for the staternent penod. if it frill i i 1 aH in Hien ba ii nt ba gee? 235 i! i Hina § The criginal cost basis of this postion has been adisted to reflect amortzanon or accretion Transaction Detail; Reflects al vensections setting or processed for your account this statement period Metheds of Computing interest on Debit iterest i charged on a Gay by cay basis for any day that there is @ met Gebt balance in you overall account. The calculation is made on a 360-day bass a the rate or rates shown on the statement. interest rates may be changed from time to tme wah fictuating money market rates or for other reasons. 027 Confidential Treatment Requested by JPMorgan Chase upon demand, he debvery of » arty fubp-perd secures to which you are ertiied For Option Accounts: Further information with respect © COMMssons and other charges relied to the execution of led options Wansactons hws been moked on confimations of such transactions previously firrished to you and such inforration wil be made avelable to you promptly upon writen Financial Statement: A francial statement of our tm 6 avatable for your personal mpection at aur office, or a copy ‘wil be mailed to you upon written request Custody: Whether we are you broker or act as a channg i z c i i § H i a : i 08/0106;07:58 001 CLEARED THROUGH ITS. WHOLLY OWNED SUBSIDIARY JEFFREY EPSTEIN PLEASE PROMPTLY NOTIFY YOUR ACCOUNT EXECUTIVE IN WRITING OF ANY MATERIAL Delivery Versus Paymert customers whose account has ‘acthity will receive statements on a quarterly basis that wil reflect all activity during the quarter. All other customers wil be sent statements at least four times a calendar year proviced their account cortains a mommy balance or ‘secunty position Information Available Upon The date and time of the transaction and the name of the person from whom the securily was purchased, or to whom & wes sold will De furnished upon request. Please promptly notify the office servicing your account in waiting of any change of address. The office servicing your account can be fours! on page 1. Kindly inctude your account number(s) on all correspondence. Bear, Stearns Securities Corp, (BSSC"), a member of the westor Protection Corporation (SIPC"), il + I Hi it ft fle H i Ih z ail it ‘ oP The USA PATRIOT Act requires that all financial insthutions obtain certain identification documents or other information in order to comply with their customer identification procedures Unbl you provide the required information of Gocumerts, we may not be able to open or maintain an account or effect any tramsections for you. 02/28/06 JPM-SDNY-00056474 EFTA00065503

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc — STEARNS 307 Cash Flow Analysis THIS PERIOD Opening Balance $63,052.55 Money Fund 5,025,467.24 Funds Deposited 12,749,804.62 Dividends/Interest 3,580.00 Amount Credited $17,778,851.86 Money Fund 12,841,904,41 Funds Withdrawn -5,000,000.00 Amount Debited $-17,841,904.41 Net Cash Activity 63,052.55 Closing Balance $0.00 Cash Balance Summary OPENING CLOSING Cash 63,052.55 0.00 Net Cash Balance $63,052.55 $0.00 027 Confidential Treatment Requested by JPMorgan Chase Income Summary THIS PERIOD Dividends 31,147.24 Total $31,147.24 Portfolio Composition Cash/Cash Equivalent Equites Total 0/01/06;07°58 001 YEAR TO DATE 111,712.85 $111,712.85 12,451,687 4,583,830 $17,035,517 Cash & E 74% CLEARED T WHOLLY 0! SHITS D SUBSIDIARY Bear, Steams Securities Corp. JEFFREY EPSTEIN STATEMENT PERIOD August 1, 2006 August 31, 2006 account numccr TAXPAYER NUMBER On File THROUGH LAST STATEMENT July 31, 2006 Your Portfolio Allocation Unshaded portions denote debit balance and/or short market values. The allocaton percentage is derived from the absolute market value of your portfolio. JPM-SDNY-00056475 EFTA00065504

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OFFICE SERVICING YOUR ACCOUNT BEAR STEARNS Your Portfolio Holdings CASH & CASH EQUIVALENTS DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST. 30 DAY AVG YIELD 5.2300% TOTAL CASH & CASH EQUIVALENTS DICK 12,451,687.04 Bear, Stearns & Co. Inc. QUANTITY 1,0000 MARKET CSTIMATED VALUE ANNUAL INCOME 12,451,687 659,939 $12,451,687 $659,939 CURRENT YIELD (%) 5,3000 EQUITIES Equities & Options CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. JEFFREY EPSTEIN STATEMENT PERIOD August 1, 2006 August 31, 2006 ACCOUNT NUMBER FY TAXPAYER NUMBER On File July 31, 2006 THROUGH LAST STATEMENT The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the stock's total retum relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: O = 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 Ovenveight; 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 Stearns is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol ~ indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost. Customers can access this research at www.bearsteams.com or can call (800) 517-2327 to request that a copy of this research be sent to them. ACCT DESCRIPTION SYMBOLICUSIP TYPE FELCOR LODGING TRUST INC FCH CASH GLENBOROUGH REALTY TRUST INC GLB BSC RATING: STOCK PYSECTOR MW NED DAVIS RESEARCH RATING: H GLIMCHER REALTY TRUST-SBI GRT CASH HRPT PROPERTIES TR-SBI HRP Confidential Treatment Requested by JPMorgan Chase CASH CASH QUANTITY 2,000 2,000 10,000 027 2,000 11.6000 MARKET ESTIMATED PRICE VALUE ANNUAL INCOME 21.4500 42,900 1,600 25.8100 51,620 2,200 24.4000 48,800 3,846 116,000 8,400 08/0106;07:58 001 CURRENT YIELD (%) 3.7296 4.2619 7.8811 7.2414 JPM-SDNY-00056476 EFTA00065505

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OFFICE SERVICING YOUR ACCOUNT BEAR Bear, Stearns & Co. Inc. STEARNS —— 5 ot7 Your Portfolio Holdings (continued) Equities & Options (continued) ACCT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOLICUSIP__ TYPE QUANTITY PRICE VALUE ANNUAL INCOME YIELD (%) HOSPITALITY PROPERTIES TRUST CASH 2,000 46,3200 92,640 5,920 6.3903 SBI JOHNSON & JOHNSON JNJ CASH 57,800 64.6600 3,737,348 86,700 2.3198 BSC RATING: STOCK P/SECTOR MO NED DAVIS RESEARCH RATING: B WTS LUCENT TECHNOLOGIES INC LUTHW CASH 235 0.2350 55 EXP 12/10/2007 NAYARIT GOLD INC NYRTF CASH 19 0.6870 13 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 69.8200 30,442 1,116 3.6660 INC PENNSYLVANIA REAL ESTATE PEI CASH 1,794 42.3200 75,922 4,090 5.3871 INVESTMENT TRUST-SBI RAMCO GERSHENSON PROPERTIES RPT CASH 12,000 32,0000 384,000 21,480 5.5938 TRUST-MD SBI SIRIUS SATELLITE RADIO INC SIRI CASH 1,000 4,0900 4,090 BSC RATING: STOCK Q/SECTOR MW ATLANTIS RESEARCH RATING: 8 Total Equities & Options $4,583,830 $135,352 TOTAL EQUITIES $4,583,830 $135,352 YOUR PORTFOLIO HOLDINGS ESTIMATED ANNUAL INCOME $795,291 YOUR PRICED PORTFOLIO HOLDINGS $17,035,517 027 Confidential Treatment Requested by JPMorgan Chase 0/01/06;07°58 001 vars CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. JEFFREY EPSTEIN STATEMENT PERIOD August 1, 2006 THROUGH August 31, 2006 account numec TAXPAYER NUMBER On File LAST STATEMENT July 31, 2006 JPM-SDNY-00056477 EFTA00065506

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc, BEAR STEARNS 6a? Transaction Detail DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 08/07/06 FIND WIRED MDA# CT952700 FNDS WIRED TO 1,000,000.00 JPMORGAN CHASE BANK, NA ACT39-110438 #275752 08/11/06 FND WIRED MDA# CT955407 FNDS WIRED TO 2,000,000.00 JPMORGAN CHASE BANK, NA ACT39-110438 #274527 08/14/06 FUNDS REC FNDS WIRED TO CITIBANK FROM 12,749,804.62 COMPASS BANK F0762260135101 08/17/06 FIND WIRED MDA# MB263725 FNDS WIRED TO 1,000,000,00 JPMORGAN CHASE BANK, NA ACT39-110438 FD#02332 08/25/06 FND WIRED MDA# CT960504 FNDS WIRED TO 1,000,000.00 JPMORGAN CHASE BANK, NA ACT39-110438 #283506 TOTAL $-5,000,000.00 $12,749,804.62 MONEY FUND ACTIVITY DATE MOyDAY TRANSACTION DESCRIPTION SYMBOL/CUSIP. QUANTITY PRICE 08/01/06 OPENING BALANCE 4,607,682.63 08/01/06 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICXX 63,052.55 1.0000 INSTITUTIONAL SHARES 08/01/06 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICK INSTITUTIONAL SHARES MONTHLY DIVIDEND 08/01/06 REINVEST DREYFUS CASH MANAGEMENT-CL A DICK 27,567.24 INSTITUTIONAL SHARES DIVIDEND REINVEST Confidential Treatment Requested by JPMorgan Chase 08/01/06;07°58 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear. Stearns Securities Corp. JEFFREY EPSTEIN STATEMENT PERIOD August 1, 2006 THROUGH August 31, 2006 TAXPAYER NUMBER On File LAST STATEMENT July 31, 2006 DEBIT AMOUNT CREDIT AMOUNT 63,052.55 27,567.24 vais JPM-SDNY-00056478 EFTA00065507

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OFFICE SERVICING YOUR ACCOUNT BEAR Bear, Stearns & Co. Inc. STEARNS — 7 ot7 Transaction Detail (continued) MONEY FUND ACTIVITY = (continued) CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear. Stearns Securities Corp. JEFFREY EPSTEIN STATEMENT PERIOD August 1, 2006 THROUGH August 31, 2006 TAXPAYER NUMBER On File LAST STATEMENT July 31, 2006 DATE MO/DAY TRANSACTION DESCRIPTION QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 08/07/06 SOLD DREYFUS CASH MANAGEMENT-CL A ~1,000,000 1,0000 1,000,000,00 INSTITUTIONAL SHARES 08/11/06 SOLD DREYFUS CASH MANAGEMENT-CL A -2,000,000 1,0000 2,000,000.00 INSTITUTIONAL SHARES 08/15/06 BOUGHT DREYFUS CASH MANAGEMENT-CL A 12,749,804.62 1,0000 12,749,804.62 INSTITUTIONAL SHARES 08/17/06 BOUGHT DREYFUS CASH MANAGEMENT-CL A 1,480 1.0000 1,480.00 INSTITUTIONAL SHARES 08/17/06 SOLD DREYFUS CASH MANAGEMENT-CL A 1,000,000 1.0000 1,000,000.00 INSTITUTIONAL SHARES 08/25/06 SOLD DREYFUS CASH MANAGEMENT-CL A 997,900 1,0000 997,900.00 INSTITUTIONAL SHARES 08/31/06 CLOSING BALANCE 12,451,687.04 TOTAL $-12,841,904.41 $5,025,467.24 DIVIDENDS DATE DESCRIPTION SYMBOLCUSIP RATE ($) DEBIT AMOUNT CREDIT AMOUNT 08/17/06 —_ HOSPITALITY PROPERTIES TRUST HPT 0.7400 1,480.00 SBI REC 07/14/06 PAY 08/17/06 08/25/06 HRPT PROPERTIES TR-SBI HRP 0.2100 2,100.00 REC 07/25/06 PAY 08/25/06 TOTAL $3,580.00 027 09/01/06;07:58 001 vars Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-00056479 EFTA00065508

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027 08/0106;07:58 001 vais Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-00056480 EFTA00065509