Statements EFTA00195431

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS GNMA GOVT BOND ww.bearstearns.com ACCOUNT EXECUTIVE VISIT OUR WEBSITE What’s In This Statement Financial Summary Your Portfolio Holdings . Transaction Detail ......s.sessesereeseesrees Your M@SSAQGES sis ssssssssrenecssnesesnevaeseensens oN = Cash Flow Analysis THIS PERIOD OpeningBalance $0.18 Securities Sold Dividends/Interest 39,793,750.00 58,606.56 Amount Credited $39,852,356.56 Securities Bought -39,736,535.03 Miscellaneous -115,821.22 Net Cash Activity 0.31 Closing Balance $0.49 FINANCIAL TRUST CO INC C/O JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Cash Balance Summary OPENING Margin 0.18 0.49 CLOSING Net Cash Balance $0.18 $0.49 Income Summary THIS PERIOD YEAR TO DATE U.S. Govt. Bond Int. 58,606.56 2.153,257.88 Credit Balance Int. 0.00 225.80 Reverse Repurchase Int. 0.00 32,666.67 Bond Purchase Int. 0.00 -532,378.76 Margin Int. Paid 0.00 -111.71 Repurchase Int. Exp. -36,535.03 -255,320.39 This summary is for informational purposes only. It Is mot intended as a tax document CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOD November 29, 2003 THROUGH ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT Important Message if any information regarding 2003interest, dividends, miscellaneous income, gross proceeds or original issue discount is required to be reported to the IRS for this account, a Consolidated Form 1099 will be mailed to you by February 2,20040r a 1042S by March 15,2004. ‘Ths statemem should be retamed for your records See reverse side for important information. 027 01/01/04;12:17 001 December 31,2003 November 28, 2003 EFTA00195432

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS New York. New York 10179 fl Le FINANCIAL TRUST CO INC 2 of 5 STATEMENT PERIOO November 29,2003 THROUGH December 31,2003 Your Portfolio Holdings account numccr = CASH & CASH EQUIVALENTS TAXPAYER NUMBER On File LAST STATEMENT November 28,2003 NAARKET ESTIMATED (QURRENT DESCRIPTION SYMBOU'CUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) CASH BALANCE TOTAL CASH & CASH EQUIVALENTS Repurchase and Reverse Repurchase Transactions with Bear,Stearnsand Co. Inc. outstanding as of date of statement PURCHASE) REPURCHASE PRICING PURCHASE PRICE ACCAUED REPO QUANTITY START DATE OATE RATE PRINCIPAL INTEREST (FACE AMOUNT) cusP DESCRIPTION YOU SOLD USTR 3.1250 10/15/08 (REPO) 11/14/03 OPEN 0.750 -9,987,500 6,441 -10,000,000 [x YOU SOLD USTR 1.6250 09/30/05 (REPO) 12/05/03 _ OPEN 0.800 _-19,900,000 -14,250 __-20,000,000 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $-29,887,500 $-20,691 "As of statement date 027 01/01/04;12:17 001 vars EFTA00195433

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. ne Metrotech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 FINANCIAL TRUST CO INC 3 os STATEMENT PERIOD Novernber 29, 2003 THROUGH December 31,2003 Transaction Detail accout wuvcce | TAXPAYER NUMBER On File INVESTMENT ACTIVITY LAST STATEMENT —- November 28, 2003 SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 12/05/03 12/04/03 SOLD UNITED STATES TREASURY NOTE -20,000,000 99.46875 19,893,750.00 O1.G28% MS St ACCR. INT. 58,606.56 Ty GVER REF # TOTAL $19,952.356.56 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stearns& Co.Inc. SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPTION SYMBOUCUSIF QUANTITY DEBIT AMOUNT CREDIT AMOUNT 12/05/03 JOURNAL 7... NOTE | -20,000,000 19,900,000.00 FITG 1,625 VU! REPO AGREEMENT JOURNAL UNITED STATES TREASURY NOTE FITG 1,625 VSUr TERM REPO AGREEMENT 36,535.03 TOTAL $-39,736,535.03 $19,900,000.00 MISCELLANEOUS DATE MavDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 12/05/03 RECEIVED FITG 882.22 UPON 1.6250 FINANCING NET PAIROFF DIFF oz? 01/01104;12:17 001 vais EFTA00195434

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North BEAR 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York. New York 10179 fl FINANCIAL TRUST CO ING 4 ofS STATEMENT PERIOD Novernber 29,2003 THROUGH December 31,2003 Transaction Detail (continued) ————— TAXPAYER NUMBER On File MISCELLANEOUS (continued) LAST STATEMENT November 28, 2003 DATE MO'DAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 12/08/03 JOURNAL FITG FITM 114,939.00 TOTAL $-115,821.22 Your messages LTS Excess SIPC Account Protection Update Bear, Stearns Securities Corp. ("BSSC"), a member of the Securities Investor Protection Corporation ("SIPC"), provides account protection for the net equity of a customer's funds and securities positions. SIPC provides $500,000 of primary net equity protection, including $100,000 for claims for cash ("SIPC Coverage"), Visit www,sipc,org for more information about SIPC Coverage, BSSC provides the additional protection (‘Excess SIPC") through a commercial insurer, Effective February 16, 2004, the commercial insurer for Excess SIPC will change to Customer Asset Protection Company ("CAPCO’), a licensed New York insurance company, Account protection applies when a SIPC member firm fails financially and is unable to meet its obligations to its securities customers, but does not apply to losses from the rise or fall in the market value of investments or to SIPC ineligible assets such as options, futures, foreign exchange transactions, or any investment contracts that are not registered as securities, ****** End of Statement*™***** 027 01/01/04;12:17 001 vars EFTA00195435

--=PAGE_BREAK=--

5 os STATEMENT BACKER IS PRINTED ON THIS PAGE 01/01/04;12:17 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC EFTA00195436

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metrotech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York. New York 10179 | a FINANCIAL TRUST CO ING ACCOUNT EXECUTIVE © GNMA GOVT BOND STATEMENT PERIOD November 1, 2003 VISIT OUR WEBSITE www.bearstearns.com THROUGH November 28, 2003 , | accor wuuccr What’s In This Statement Hasalbssbeel leash TAXPAYER NUMBER On File LAST STATEMENT October 31, 2003 Financial Summary 1 FINANCIAL TRUST CO INC Your Portfolio Holdings . 2 C/O JEFFREY EPSTEIN Transaction Detail vite 3 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Cash Flow Analysis Cash Balance Summary THIS PERIOD OPENING CLOSING OpeningBalance en . . $-0.51 Margin -0.51 0.18 Securition Sold 19,935,937.50 Net Cash Balance $-0.51 $0.18 Dividends/Interest 25,614.75 sess atenuneesensneesenseessssanueeeensessenseeseses Miscellaneous 181.59 Amount Credited $19,961 .733.84 cetntntntnessennnnennnnnenssannenenenenenesta sve Income Summary Securities Bought -19,757,016.74 on TEAR TO DATE Dividends/interest Charged ATA U.S. Govt. Bond Int. 25,614.75 2,094,651.32 Credit Balance Int. 0.00 225.80 Miscellaneous -204.699.00 Reverse Repurchase Int. 0.00 32,666.67 Net Cash Activity 0.69 Bond Purchase Int. 0.00 -532,378.76 Closing Balance $0.18 Margin Int. Paid “17.41 “111.71 ssssssnecenseceesennenenunnececnnceuacessaenuuueecenacgnuanenssssaneseeenennaaaseceenstt Repurchase Int. Exp. 7016.74 218,785.36 This summary is for informational purposes only. It is not intended as a tax document ‘Ths statemem should be retamed for your records See reverse side for important imformation. 027 11/2903,06:43 001 vais EFTA00195437

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS New York, New York 10179 FINANCIAL TRUST CO INC 2 of5 STATEMENT PERIOD November 1, 2003 THROUGH November 28, 2003 Your Portfolio Holdings —— CASH & CASH EQUIVALENTS TAXPAYER NUMBER On File LAST STATEMENT October 31,2003 NAARKET ESTIMATED (QURRENT DESCRIPTION SYMBOU'CUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) CASH BALANCE TOTAL CASH & CASH EQUIVALENTS Repurchase and Reverse Repurchase Transactions with Bear,Stearnsand Co. Inc. outstanding as of date of statement PURCHASE) REPURCHASE PRICING PURCHASE PRICE ACCAUED REPO QUANTITY START DATE OATE RATE PRINCIPAL INTEREST (FACE AMOUNT) cusP DESCRIPTION YOU SOLD USTR 1.6250 09/30/05 (REPO) 10/17/03 OPEN 0.930 —--39,700,000 -33,943 -40,000,000 [x YOU SOLD USTR 3.1250 10/15/08 (REPO) 11/14/03 OPEN -9,987,500 -1,925 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $-49,687,500 $-35,868 "As of statement date -10,000,000 027 11/2903,06:43 001 vars EFTA00195438

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. ne Metrotech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York. New York 10179 | | FINANCIAL TRUST CO INC 3 ofS STATEMENT PERIOO November 1, 2003 THROUGH Novernber 28, 2003 Transaction Detail account numccr = TAXPAYER NUMBER On File INVESTMENT ACTIVITY LAST STATEMENT October 31, 2003 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT UNITED STATES TREASURY NOTE -10,000,000 99.48438 9,948,437.50 ant 03,125% AO 15 ACCR. INT. 25,614.75 x ITY GVER REF # TOTAL $9,974,052.25 INTEREST DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (%) CEBIT AMOUNT CREDIT AMOUNT 11/03/03 AVGBAL 5,422RT 3.852 17.41 021 OFFICE INTEREST 1003 TOTAL $-17.41 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear, Stearns& Co.Inc. SETTLEMENT TRADE im OaTE TRANSACTION DESCRETION SYMBOUCUSIP QUANTITY CEBIT AMOUNT CREDIT AMOUNT JOURNAL UNITED STATES TREASURY NOTE -10,000,000 9,987,500.00 FITG 3,125 BEY REPO AGREEMENT JOURNAL a NOTE 5, té«<SS 20,000,000 19,750,000.00 FTG 3,125 TERM REPO AGREEMENT 027 11/2903,06:43 001 vars EFTA00195439

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 | 405 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 FINANCIAL TRUST CO INC STATEMENT PERIOD Novernber 1, 2003 THROUGH November 28, 2003 account numccr (S TAXPAYER NUMBER On File LAST STATEMENT October 31,2003 DATE DATE TRANSACTION DESCRETION SYMBOUCUSIF QUANTITY CREDIT AMOUNT 11/14/03 INTEREST UNITED STATES TREASURY NOTE TOTAL $-19,757,016.74 $9.987.500.00 MISCELLANEOUS DATE MOrDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT FITG FITM 17.00 JOURNAL UPON 3.1250 FINANCING NET PAIROFF DIFF FITG FITM $-204.699.00 $181.59 f Top] ****** End of Statement*™***** 027 11/2903,06:43 001 vata EFTA00195440

--=PAGE_BREAK=--

5 os STATEMENT BACKER IS PRINTED ON THIS PAGE 11/28/03;06:43 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC EFTA00195441

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE ww.bearstearns.com What’s In This Statement Financial SUMMALY wesw S Your Portfolio Holdings . 4 Transaction Detail ... 5 Your Portfolio at a Glance CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOO October 1, 2003 THROUGH October 31,2003 account xumccr = Hasalbcsbeelslssrahil TAXPAYER NUMBER On File LAST STATEMENT September 30, 2003 FINANCIAL TRUST CO INC C/O JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS Vi 00802 Market Value of Your Portfolio 1 NET DEBIT BALANGE A ca tt a $657 NET EQUITY THIS PERIOD $-1 NET EQUITY LAST STATEMENT 657 CHANGE SINCE LAST STATEMENT -658 There are no "Stop Loss’ orders or other pending buy or sell open orders on file for your account. (BY Last statements market value () Short market value This summary is for informational purposes only. It is not intended as a tax document ‘Ths statemem should be retamed for your records See reverse side for important information. oz? 11/01/03;13:29 001 vara EFTA00195442

--=PAGE_BREAK=--

2 of 6 STATEMENT BACKER IS PRINTED ON THIS PAGE 11/01/03;13:39 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC EFTA00195443

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 3 of 6 Cash Flow Analysis THIS PERIOD OpeningBalance $657.05 Securities Sold 59,450,000.00 Miscellaneous 235,658.00 Amount Cr ited $59,685,658.00 Securities Bought -59,581,250.00 Funds Withdrawn -71,459.00 Dividends/Interest Charged -33,606.56 Amount Debited $-59,686,315.56 Net Cash Activity Cash Balance Summary OPENING CLOSING Margin 657.05 -0.51 Net Cash Balance $657.05 $-0.51 Income Summary THiS PERIOD YEAR TO DATE U.S. Govt. Bond Int. 0.00 2,069,036.57 Credit Balance Int. 0.00 225.80 Reverse Repurchase Int. 0.00 32,666.67 Bond Purchase Int. -33,606.56 -532,378.76 Margin Int. Paid 0.00 -94.30 Repurchase Int. Exp. 0.00 -211,768.62 Portfolio Composition SHORT LONG Cash/Cash Equivalent 1 Total $t 027 11/01/03;13:29 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOD October 1, 2003 THROUGH October 31,2003 accout Nuecr TAXPAYER NUMBER On File LAST STATEMENT September 30, 2003 Your Portfolio Allocation Short Cash & Equivalent — 100% Unshaded portions denote debt batance andicr short market values. The alocation percentage is derived from the absohte market value of your portloio, vars EFTA00195444

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST CO INC 4 o6 STATEMENT PERIOD October 1, 2003 THROUGH October 31,2003 Your Portfolio Holdings account numccr = CASH & CASH EQUIVALENTS TAXPAYER NUMBER On File LAST STATEMENT September 30, 2003 MARKET ESTIMATED (QURRENT DESCRIPTION SYMBOU'CUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) CASH BALANCE 1 TOTAL CASH & CASH EQUIVALENTS $1 YOUR PRICED PORTFOLIOHOLDINGS $-1 Repurchase and Reverse Repurchase Transactions with Bear,Stearnsand Co. Inc. outstanding as of date of statement PURCHASE) REPURCHASE PRICING PURCHASE PRICE AQCAUED REPO QUANTITY START DATE DATE RATE PRINCIPAL INTEREST* (FACE AMOUNT) CUSIP DESCRIPTION YOU SOLD USTR 1.6250 09/30/05 (REPO) 10/17/03 OPEN 0.650 —-39,700,000 -7,862 -40,000,000 [x YOU SOLD USTR 3.1250 10/15/08 -5.535 REPO) OPEN 0.200 -20.000,000 10/17/03 -19.750,000 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $-59,450,000 $-13,397 "AS of statement date 027 11/01/03;13:39 001 vars EFTA00195445

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT . Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 FINANCIAL TRUST CO INC 5 of6 STATEMENT PERIOD October 1, 2003 THROUGH October 31,2003 Transaction Detail account numccr (S TAXPAYER NUMBER On File INVESTMENT ACTIVITY LAST STATEMENT — September 30, 2003 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 10/17/03 10/16/03 BOUGHT UNITED STATES TREASURY NOTE 20,000,000 98.87500 19,775,000.00 ant 03,125% AO 15 ACCR. INT. 3,415.30 B TY GVER REF # 01.625% MS 31 ACCR. INT. 30,191.26 TY GVER REF # TOTAL $-59,614,856.56 DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRPTION DEBIT AMOUNT CREDIT AMOUNT 10/03/03 FND WIRED MOA#[EEEEEEFNDS WIRED To 71,459.00 BANK |] Cs TOTAL $-71,.459.00 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stearns& Co. Inc. SETTLEMENT TRADE DATE DATE TRANSACTION DESCRETION SYMBOUCUSIP QUANTITY DESIT AMOUNT CREDIT AMOUNT 10/17/03 JOURNAL UNITED STATES TREASURY NOTE -20,000,000 19.750,000.00 FIG 3.125 EY REPO AGREEMENT o2? 11/01/03;13:39 001 vara EFTA00195446

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 6 of6 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 FINANCIAL TRUST CO INC STATEMENT PERIOD October 1, 2003 THROUGH October 31,2003 account numccr (S TAXPAYER NUMBER On File LAST STATEMENT September 30, 2003 DATE TRANSACTION DESCRETION SYMBOUCUSIP (QUANTITY CESIT AMOUNT CREDIT AMOUNT 10/17/03 JOURNAL -40,000,000 39,.700,000.00 1,625 yu! REPO AGREEMENT TOTAL $59.450.000.00 MISCELLANEOUS DATE MOrDAY TRANSACTION DESCRIPTION DEBT AMOUNT CREDIT AMOUNT 1 JOURNAL FITG TO FI 1,338.00 JOURNAL FI M 38,459.00 $235,658.00 A \ (stop) ****** End of Statement™***** V/ oz? 11/01/03;13:39 001 vais EFTA00195447

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT BEAR STEARNS GNMA GOVT BOND ww.bearstearns.com ACCOUNT EXECUTIVE VISIT OUR WEBSITE What’s In This Statement Financial Summary .. » 3 Your Portfolio Holdings . . 3 Transaction Detail .....ssssssesseeeeeens 4 Your Portfolio at a Glance NET CREDIT BALANCE 657 NET EQUITY THIS PERIOD $657 NET EQUITY LAST STATEMENT 751 CHANGE SINCE LAST STATEMENT “94 There are no "Stop Loss’ orders or other pending buy or sell open orders on file for your account. Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 FINANCIAL TRUST CO INC C/O JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Market Value of Your Portfolio i657 HE Current market value $885 Last statements market value CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOD August 30,2003 THROUGH September 30, 2003 accor nuvecr TAXPAYER NUMBER On File LAST STATEMENT August 29, 2003 Important Message Bear Stearns is pleased to announce our conversion to a calendar month-end statement. Effective this month, your account statement reflects all activity and account valuation up to and including the last business day of the month. This summary is for informational purposes only. It Is mot intended as a tax document This statement should be retained for your records. See reverse side for important information. 10/01/03;10:54 001 vara EFTA00195448

--=PAGE_BREAK=--

2 of4 STATEMENT BACKER IS PRINTED ON THIS PAGE 10/01/03;10:54 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC EFTA00195449

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 3 of4 Cash Flow Analysis THIS PERIOD Balance Openi: Dividends/Interest Charged Amount Debited Net Cash Activity Cash Balance Summary OPENING CLOSING Margin 751.35 657.05 $751.35 $657.05 Net Cash Balance Your Portfolio Holdings CASH & CASH EQUIVALENTS Income Summary ToS PERIOD U.S. Govt. Bond Int. 0.00 Credit Balance Int. 0.00 Reverse Repurchase Int. 0.00 Bond Purchase Int. 0.00 Margin Int. Paid -94.30 Repurchase Int. Exp. 0.00 Portfolio Composition Cash/Cash Equivalent YEAR TO DATE 2,069.036.57 225.80 32,666.67 -498,772.20 -94.30 -211,768.62 NANRKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP QuaNTITY PRICE VALUE ANNUAL INCOME YIELD [%} CASH BALANCE 657 TOTAL CASH & CASH EQUIVALENTS $657 02? 10/01/03;10:54 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOD August 30,2003 September 30, 2003 accout Nuecr TAXPAYER NUMBER On File August 29, 2003 THROUGH LAST STATEMENT Your Portfolio Allocation Cash & Equivalent — 100% Unshaded portions denote debt balance andicr short market values, The allocation percentage is derived from the absohte market value of your portiatio. vara EFTA00195450

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST CO INC 4a STATEMENT PERIOD August 30,2003 THROUGH September 30, 2003 account numccr (S TAXPAYER NUMBER On File Your Portfolio Holdings (continued) “ase stares Rages 29,2008 YOUR PRICED PORTFOLIOHOLDINGS $657 Transaction Detail INTEREST DATE DESCRIPTION SYMBOUCUSIF QUANTITY RATE (%) CEBIT AMOUNT CREDIT AMOUNT 09/02/03 AVGBAL 34,583RT 2.887 94.30 021 OFFICE INTEREST 0803 TOTAL $-94.30 a stop] ****** End of Statement™***** \ / — 027 10/01/03;10:54 001 vara EFTA00195451

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT BEAR STEARNS GNMA GOVT BOND ww.bearstearns.com ACCOUNT EXECUTIVE VISIT OUR WEBSITE What’s In This Statement Financial Summary , . 38 Your Portfolio Holdings . . 4 Transaction Detail .....sssssseseeeeeens 4 Your Portfolio at a Glance NET CREDIT BALANCE 751 NET EQUITY THIS PERIOD $751 NET EQUITY LAST STATEMENT 1 CHANGE SINCE LAST STATEMENT 751 There are no "Stop Loss’ orders or other pending buy or sell open orders on file for your account. Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 FINANCIAL TRUST CO INC C/O JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Market Value of Your Portfolio Cash & Equivalent ee $751 HE Current market value S888 Last statements market value This summary is for informational purposes only. It Is mot intended as a tax document CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOD July 26, 2003 August 29, 2003 account nuvecr TAXPAYER NUMBER On File July 25, 2003 THROUGH LAST STATEMENT Important Message Bear Stearns is pleased to announce our conversion to a calendar month-end Statement. Effective September 2003, your account statement will reflect all activity and account valuation up to and including the last business day of the month. ‘This statemem should be retained for your records. See reverse side for important information. 027 (08/3003;13:16 001 vai2 EFTA00195452

--=PAGE_BREAK=--

2 of? STATEMENT BACKER IS PRINTED ON THIS PAGE (08/3003;13:16 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC EFTA00195453

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR STEARNS 3 of? 383 Madison Avenue Cash Flow Analysis THIS PERIOD OpeningBalance $0.80 Securities Sold 85,869,531.25 Dividends/Interest 388,417.32 Miscellaneous 2,942,938.00 Amount Credited $89,200,886.57 Securities Bought -89,065,558.14 Miscellaneous -134,577.88 $-89,200,136.02 Amount Debited Net Cash Activity 750.55 Cash Balance Summary OPENING CLOSING Margin 0.80 751.35 Net Cash Balance $0.80 $751.35 New York, New York 10179 Income Summary THiS PERIOD YEAR TO DATE U.S. Govt. Bond Int. 388,417.12 2,069,036.57 Credit Balance Int. 0.20 225.80 Reverse Repurchase Int. 0.00 32,666.67 Total $388,417.32 Bond Purchase Int. 0.00 -498,772.20 Repurchase Int. Exp. -40,558.14 -211,768.62 Portfolio Composition Cash/Cash Equivalent 751 Total $751 oz? 08/30103;13:15 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOD July 26, 2003 THROUGH August 29, 2003 accout Nuecr TAXPAYER NUMBER On File LAST STATEMENT duly 25, 2003 Your Portfolio Allocation Cash & Equivalent — 100% Unshaded portions denote debt batance andicr short market values. The alocation percentage is derived from the absohte market value of your portloio, vai2 EFTA00195454

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS New York, New York 10179 FINANCIAL TRUST CO INC ao? STATEMENT PERIOD July 26, 2003 THROUGH August 29, 2003 Your Portfolio Holdings ow —— CASH & CASH EQUIVALENTS TAXPAYER NUMBER On File LAST STATEMENT duly 25, 2003 MARKET ESTIMATED CURRENT DESCRIPTION u QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) CASH BALANCE 751 TOTAL CASH & CASH EQUIVALENTS $751 YOUR PRICED PORTFOLIOHOLDINGS $751 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE OATE TRANSACTION CESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 07/28/03 07/25/03 SOLD UNITED STATES TREASURY NOTE -10,000,000 95.98438 9,598,437.50 — 03,625% MN 15 ACCR. INT. 72,894.02 TY GVER REF # 07/28/03 SOLD UNITED STATES TREASURY NOTE ‘ee .500%G00 97.98438 9,798,437.50 02,625% MN 15 ACCR. INT. 53,498.64 x TY GVER REF # 027 (08/3003;13:15 001 vai2 EFTA00195455

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 5 of? Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 FINANCIAL TRUST CO INC STATEMENT PERIOD July 26, 2003 THROUGH August 29, 2003 account numccr (S TAXPAYER NUMBER On File LAST STATEMENT duly 25, 2003 DATE OATE TRANSACTION DESCRIPTION QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 07/30/03 07/29/03 SOLD UNITED STATES TREASURY NOTE -35,000,000 94.42188 33,047,656.25 BARRIS OS.625% MN 18 ACCR. INT. 262,024.46 TY GVER REF # TOTAL $52,832,948.37 INTEREST DATE OESCRIPTION SYMBOUCUSIP RATE (%) OEBIT AMOUNT CREDIT AMOUNT 07/28/03 AVGBAL 1,522RT 0.215 0.20 021 OFFICE INTEREST 0703 TOTAL $0.20 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear, Stearns& Co.Inc. SETTLEMENT TRADE DATE DATE TRANSACTION DESCRETION QUANTITY CEBIT AMOUNT CREDIT AMOUNT 07/28/03 JOURNAL UNIT -35,000,000 33,425,000.00 FIG 3,625 mE REPO AGREEMENT ssouseesssssaneeeeenneensnnanenensessaneeene sessteesenan a wl er 07/28/03 JOURNAL a NOTE FIG 3,625 ; TERM REPO AGREEMENT UNITED STATES TREASURY NOTE 07/28/03 INTEREST 32,105.38 027 (08/3003;13:15 001 vai2 EFTA00195456

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. One Metrotech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS —— 10179 6 of? FINANCIAL TRUST CO INC STATEMENT PERIOD July 26, 2003 THROUGH August 29, 2003 Transaction Detail (continued) acco xumccr TAXPAYER NUMBER On File REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS | (continued) LAST STATEMENT July 25, 2003 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRETION SYMBOUCUSIP QUANTITY DEBIT AMOUNT CREDIT AMOUNT 07/29/03 JOURNAL UNITED STATES TREASURY NOTE 10,000,000 10,150,000.00 FITG 2,625 BE TERM REPO AGREEMENT 07/29/03 INTEREST UNITED STATES TREASURY NOTE 8,151.01 o7/30i03 JOURNAL UNITED _ _ eS 888999 FITG 3,625 WED TERM REPO AGREEMENT 07/30/03 INTEREST UNITED STATES TREASURY NOTE ae 307.75 DUE —* FTG REPO II TOTAL $-89,065,558.14 $33,425,000.00 MISCELLANEOUS TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT RECEIVED 126.88 UPON 2.6250 FINANCING NET PAIROFF DIFF JOURNAL FITM TO FITG 08/01/03 JOURNAL FITM TO FITG 250,000.00 027 08/3003;13:15 001 var2 EFTA00195457

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 | 7 ot? Transaction Detail (continued) MISCELLANEOUS (continued) DATE MOVDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 08/11/03 = JOURNAL FITG TO FITM 134,451.00 TOTAL $-134,577.88 $2,942,938.00 f—™ (stop) ****** End of Statement™***** \ / (08/30'03;13:16 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 FINANCIAL TRUST CO INC STATEMENT PERIOD July 26, 2003 THROUGH August 29, 2003 account numccr (S TAXPAYER NUMBER On File LAST STATEMENT duly 25, 2003 vai2 EFTA00195458

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE ww.bearstearns.com What’s In This Statement Financial SUMMALY .....s.sssssees senses seessees Your Portfolio HOIGINGS ......ssssseessrseensees Transaction Detail ...... Trades Not Yet Settled aunowo Your Portfolio at a Glance CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOD June 28, 2003 THROUGH July 25, 2003 account numccr = || Pe | ery end eee TAXPAYER NUMBER On File FINANCIAL TRUST CO INC LAST STATEMENT June 27, 2003 C/O JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Market Value of Your Portfolio 1 NET CREDIT BALANCE 1 Gane eatent A ae $2,221 een meme snmrennnnnn er NET EQUITY LAST STATEMENT 2,221 CHANGE SINCE LAST STATEMENT -2,220 There are no "Stop Loss’ orders or other pending buy or sell open orders on file for your account. HE Current market value S883 Last statement's market value This summary is for informational purposes only. It ts not intended as a tax document ‘Ths statemem should be retamed for your records See reverse side for important imformation. oz? 07/2603;10:09 001 vant EFTA00195459

--=PAGE_BREAK=--

2 of 5 STATEMENT BACKER IS PRINTED ON THIS PAGE 07/26/03;10:09 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC EFTA00195460

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 3 offs Cash Flow Analysis Cash Balance Summary THIS PERIOD OPENING CLOSING OpeningBalance $2,221.20 Margin 2,221.20 0.80 Dividends/Interest 11.60 Net Cash Balance $2,221.20 $0.80 Amount Credited $11.60 Miscellaneous -2,232.00 Amount Debited __..secsseeesesestnstenessseeeensee oOo EIT monene <AEnmary TS PERIOD YEAR TO DATE Net Cash Activity -2,220.40 U.S. Govt. Bond Int. 0.00 1,680,619.45 Credit Balance Int. 11.60 225.60 Reverse Repurchase Int. 0.00 32,666.67 Total $11.60 $1,713,511.72 Bond Purchase Int. 0.00 -498,772.20 Repurchase Int. Exp. 0.00 -171,210.48 Your Portfolio Holdings CASH & CASH EQUIVALENTS MARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIF QUANTITY PRICE VALUE ANNVAL INCOME YIELD (5) CASH BALANCE 1 TOTAL CASH & CASH EQUIVALENTS $1 02? 07/26/03;10:08 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOD June 28, 2003 THROUGH ACCOUNT NUMBER LAST STATEMENT July 25, 2003 TAXPAYER NUMBER On File dune 27, 2003 EFTA00195461

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST CO INC 45 STATEMENT PERIOD June 28, 2003 THROUGH July 25, 2003 account numccr (S TAXPAYER NUMBER On File LAST STATEMENT June 27, 2003 Your Portfolio Holdings (continued) YOUR PRICED PORTFOLIOHOLDINGS $1 Repurchase and Reverse Repurchase Transactions with Bear, Stearnsand Co. Inc. outstanding as of date of statement PURCHASE) REPURCHASE PRICING PURCHASE PRICE AQCAUED REPO QUANTITY START DATE DATE RATE PRINCIPAL INTEREST" (FACE AMOUNT) CUSIP DESCRIPTION YOU SOLD usta 3.6250 05/15/13 (REPO) 05/28/03 OPEN 0.200 —--45,450,000 -32,105 -45,000,000 [x usTR 2.6250 05/15/08 (REPO) 06/20/03 _ OPEN 0.750 _-10,150,000 -8,066 __-10,000,000 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $-55,600,000 —_$-40,171 “As of statement date 027 07/26/03;10:03 001 vant EFTA00195462

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST CO INC 5 of 5 STATEMENT PERIOD June 28, 2003 THROUGH July 25, 2003 Transaction Detail accout wuvcce | TAXPAYER NUMBER On File INTEREST LAST STATEMENT — June 27, 2003 DATE DESCRIPTION SYMBOUIOUSIF QUANTITY RATE [%) DEBIT AMOUNT CAEDIT AMOUNT 06/30/03 AVGBAL 30,056AT 0.496 11.60 021 OFFICE INTEREST 0603 TOTAL $11.60 MISCELLANEOUS DATE MOVDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 07/21/03 JOURNAL FITG TO FITM 2,232.00 TOTAL $-2,232.00 Trades Executed Pending Settlement SETTLEMENT TRADE DATE OATE TRANSACTION CESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 07/28/03 07/25/03 SOLD UNITED STATES TREASURY NOTE -10,000,000.00 95.9843 9,671,331.52 03,625% MN 15 GVER REF # TOTAL $0.00 $9,671 331.52 The above trades do not appear in any other section of this statement 027 07/26/03;10:08 001 vant EFTA00195463

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE www.bearstearns.com What’s In This Statement Financial SUMMALY wissen S Your Portfolio HOIdINGS ......ssssseesssseessees Transaction Detail .....sssssseeeenees 5 - Your Portfolio at a Glance CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOD May 31,2003 THROUGH June 27, 2003 account xumccr = Hasalbcsbealsllsssahil TAXPAYER NUMBER On File FINANCIAL TRUST CO INC LAST STATEMENT May 30, 2003 C/O JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Market Value of Your Portfolio $2.21 NET CREDIT BALANCE 2201 Cash & Equivalent cr x eeeeee NET EQUITY THIS PERIOD $2,221 NET EQUITY LAST STATEMENT 1 CHANGE SINCE LAST STATEMENT 2,222 There are no "Stop Loss” orders or other pending buy or sell open orders on file for your account. HE Current market value S888 Last statements market value [1] Short market value This summary is for informational purposes only. It is not intended as a tax document ‘Ths statemem should be retamed for your records See reverse side for important imformation. oz? 06/28/03;11:28 001 vaoa EFTA00195464

--=PAGE_BREAK=--

2 of 6 STATEMENT BACKER IS PRINTED ON THIS PAGE (06/28/03;11:28 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC vaoa EFTA00195465

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR STEARNS 3 of 6 383 Madison Avenue Cash Flow Analysis THIS PERIOD OpeningBalance $-0.91 Securities Sold 20,506,250.00 Dividends/Interest 103,619.09 Amount Credited $20,609.869.09 Securities Bought -20,309,005.63 Dividends/Interest Charged -25,679.35 Miscellaneous -272,962.00 Amount Debited $-20.607,646.98 Net Cash Activity 2,222.11 Cash Balance Summary OPENING CLOSING Margin -0.91 2,221.20 Net Cash Balance $-0.91 $2,221.20 New York, New York 10179 Income Summary THiS PERIOD YEAR TO DATE U.S. Govt. Bond Int. 103,591.16 1,680,619.45 Credit Balance Int. 27.93 214.00 Reverse Repurchase Int. 0.00 32,666.67 Total $103,619.09 Bond Purchase Int. -25,679.35 -498,772.20 Repurchase Int. Exp. -23,068.13 -171,210.48 Portfolio Composition Cash/Cash Equivalent 2,221 Total 027 (06/28/03;11:38 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERKOO May 31, 2003 THROUGH June 27, 2003 accout Nuecr TAXPAYER NUMBER On File LAST STATEMENT May 30, 2003 Your Portfolio Allocation Cash & Equivalent — 100% Unshaded portions denote debt batance andicr short market values. The alocation percentage is derived from the absohte market value of your portloio, vaos EFTA00195466

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST CO INC 4 o6 STATEMENT PERIOD May 31,2003 THROUGH June 27, 2003 Your Portfolio Holdings account numccr = CASH & CASH EQUIVALENTS TAXPAYER NUMBER On File LAST STATEMENT May 30, 2003 NAARKET ESTIMATED (QURRENT DESCRIPTION SYMBOU'CUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) CASH BALANCE 2.224 TOTAL CASH & CASH EQUIVALENTS $2,221 YOUR PRICED PORTFOLIOHOLDINGS $2,221 Repurchase and Reverse Repurchase Transactions with Bear,Stearnsand Co. Inc. outstanding as of date of statement PURCHASE) REPURCHASE PRICING PURCHASE PRICE AQCAUED REPO QUANTITY START DATE DATE RATE PRINCIPAL INTEREST* (FACE AMOUNT) CUSIP DESCRIPTION YOU SOLD USTR 3.6250 05/15/13 (REPO) 05/28/03 OPEN 0.200 —--45,450,000 -25,035 -45,000,000 [x YOU SOLD USTR 2.6250 05/15/08 REPO 06/20/03 _ OPEN 0.940 __-10,150,000 -3,030___-10,000,000 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $-55,600,000 $-28,065 "AS of statement date 027 (06/28/03;11:38 001 vaos EFTA00195467

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. ne Metrotech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 FINANCIAL TRUST CO INC 5 of6 STATEMENT PERIOD May 31, 2003 THROUGH dune 27, 2003 Transaction Detail accout wuvcce | TAXPAYER NUMBER On File INVESTMENT ACTIVITY LAST STATEMENT = May 30, 2003 SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 06/20/03 06/19/03 SOLD UNITED STATES TREASURY NOTE -10,000,000 103.56250 10,356,250.00 1s ACCA. INT. 103,591.16 TY GVER REF # TCT aT CTC TT A Pe COC MRE TICTeo NE ETT 02,625% MN 15 ACCR. INT. 25,679.35 TY GVER REF # TOTAL $-10,186,616.85 $10,459,841.16 INTEREST DATE DESCRIPTION cl QUANTITY RATE (%) CEBIT AMOUNT CAEDIT AMOUNT 06/02/03 AVGBAL 60,963AT 0.550 27.93 021 OFFICE INTEREST 0503 TOTAL $27.93 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear, Stearns& Co.Inc. SETTLEMENT TRADE DATE DATE TRANSACTION DESCRETION SYMBOUCUSIP QUANTITY DESIT AMOUNT CREDIT AMOUNT 06/20/03 JOURNAL UNITED SURY NOTE | 10,000,000 10,125,000.00 FITG 3,000 AP TERM TERM RE T o27 06/28/03;11:28 001 vaoa EFTA00195468

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. One Metrotech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS —— 10179 6 of 6 STATEMENT PERIOD May 31, 2003 THROUGH dune 27, 2003 Transaction Detail (continued) TAXPAYER NUMBER On File REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS | (continued) LAST STATEMENT = May 30, 2003 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRETION SYMBOUCUSIF QUANTITY DEBIT AMOUNT CREDIT AMOUNT 06/20/03 JOURNAL UNITI -10,000,000 10,150,000.00 FITG 2,625 RP OPEN REPO AGI DUE 02415) 000 FIG RP TEI REPO IN TOTAL $-10.148,068.13 $10,150,000.00 MISCELLANEOUS DATE MavDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 06/24/03 JOURNAL FITG TO FITM 272,962.00 TOTAL $-272,962.00 sToP] **e*** End of Statement™***** =~ 027 06/2803;11:28 001 vaca FINANCIAL TRUST CO INC account numccr (S EFTA00195469

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE ww.bearstearns.com What's In This Statement Financial SUMMA wesw — S Your Portfolio Holdings . 4 Transaction Detail ... 5 Your Portfolio at a Glance CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOO April 26,2003 THROUGH May 30, 2003 account xumccr = || PP | ery en eee TAXPAYER NUMBER On File FINANCIAL TRUST CO INC LAST STATEMENT April 25, 2003 C/O JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Market Value of Your Portfolio Cash & E len 5 NET DEBIT BALANCE ee NET EQUITY THIS PERIOD $-1 NET EQUITY LAST STATEMENT 11 CHANGE SINCE LAST STATEMENT “12 There are no "Stop Loss’ orders or other pending buy or sell open orders on file for your account. $888 Last statement's market value (Short market value This summary is for informational purposes only. It ts not intended as a tax document ‘Ths statemem should be retamed for your records See reverse side for important imformation. oz? 08/31/03;15:20 001 wees EFTA00195470

--=PAGE_BREAK=--

2 of 6 STATEMENT BACKER IS PRINTED ON THIS PAGE 06/31/03;15:20 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC veds EFTA00195471

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR STEARNS 3 of 6 383 Madison Avenue Cash Flow Analysis THIS PERIOD OpeningBalance $11.02 Securities Sold 117,550,000.00 Dividends/Interest 359,668.51 Miscellaneous 362,114.00 Amount Credited $118,271,782.51 Securities Bought -116,406,221.90 Dividends/Interest Charged -36,939.54 Miscellaneous -1,828,633.00 Amount Debited $-118.271,794.44 Net Cash Activity -11.93 New York, New York 10179 Income Summary THiS PERIOD YEAR TO DATE U.S. Govt. Bond Int. 359,668.51 1,577,028.29 Credit Balance Int. 0.00 186.07 Reverse Repurchase Int. 0.00 32,666.67 Total $359,668.51 Bond Purchase Int. -36,939.54 -473,092.85 Repurchase Int. Exp. -46,126.50 -148,142.35 Portfolio Composition SHORT LONG Cash/Cash Equivalent 1 Cash Balance Summary OPENING CLOSING Margin 11.02 -0.91 Net Cash Balance $11.02 $-0.91 027 06/31/03;15:30 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOD April 26,2003 THROUGH May 30, 2003 accout Nuecr TAXPAYER NUMBER On File LAST STATEMENT April 25, 2003 Your Portfolio Allocation Short Cash & Equivalent — 100% Unshaded portions denote debt batance andicr short market values. The alocation percentage is derived from the absohte market value of your portloio, veds EFTA00195472

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 | Your Portfolio Holdings CASH & CASH EQUIVALENTS NAARKET ESTIMATED (QURRENT DESCRIPTION SYMBOU'CUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) CASH BALANCE 4 TOTAL CASH & CASH EQUIVALENTS $-1 YOUR PRICED PORTFOLIOHOLDINGS $1 Repurchase and Reverse Repurchase Transactions with Bear,Stearnsand Co. Inc. outstanding as of date of statement PURCHASE, REPURCHASE PRICING PURCHASE PRICEY ACCAUED REPO QUANTITY START DATE DATE RATE PRINCIPAL INTEREST" (FACE AMOUNT) CUSIP DESCRIPTION YOU SOLD USTR (REPO) 03/14/03 OPEN 0.950 —-10,125,000 -17,502 -10,000,000 [x YOU SOLD USTR (REPO) 05/28/03 _ OPEN 1.200 _-45,450,000 -7,448 _-45,000,000 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $-55,575,000 $-24,950 3.6250 05/15/13 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 FINANCIAL TRUST CO INC STATEMENT PERIOD April 26,2003 THROUGH May 30, 2003 account numccr (S TAXPAYER NUMBER On File LAST STATEMENT April 25, 2003 3.0000 02/15/08 "AS of statement date 027 06/31/03;15:20 001 Weds EFTA00195473

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 | 5 of 6 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION 05/22/03 05/21/03 SOLD UNITED STATES YIELD 3,35! e ITY GVER REF # YIELD 3.373% ITY GVER REF # os/2803 05/13/03 BOUGHT UNITED STATES TREASURY NOTE Y 03.625% MN 15 YIELD 3.41} 3 TY GVER REF # AS OF 05/131 TREASURY NOTE 03,875% FA 15 BOSE UNITED SY ATES TREASURY NOTE” Y 03.625% MN 15 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 FINANCIAL TRUST CO INC STATEMENT PERIOD April 26,2003 THROUGH May 30, 2003 account numccr (S TAXPAYER NUMBER On File LAST STATEMENT April 25, 2003 QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT -35,000,000 104.25000 36,487,500.00 ACCR. INT. 359,668.51 35:742,507°90 24,133.83 10,000,000 101.79688 10,179,687.50 ACCR. INT. 12,805.71 TOTAL REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear, Stearns& Co.Inc. SETTLEMENT TRADE DATE DATE TRANSACTION DESCRETION 05/22/03 JOURNAL TERM REI iT EERE NOTE 3,625 RP OPEN REPO AGREEMENT ei a NOTE 3,875 ME $-45,959,534.94 $36,847,168.51 QUANTITY DEBIT AMOUNT CREDIT AMOUNT 35,000,000 34,825,000.00 027 06/31/03;15:30 001 v644 EFTA00195474

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 fl a FINANCIAL TRUST CO INC 6 of 6 STATEMENT PERIOO April 26,2003 THROUGH May 30, 2003 Transaction Detail (continued) account numccr = TAXPAYER NUMBER On File REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS | (continued) LAST STATEMENT — April 25, 2003 SETTLEMENT TRADE DATE DATE TRANSACTION SYMBOUCUSIP QUANTITY OESIT AMOUNT CREDIT AMOUNT 05/22/03 INTEREST 39,004.00 3516 12-500.00 3,625 D' ni RP TERM TERM RE! iT REPO INTEREST TOTAL $-70,483,626.50 $81,062,500.00 MISCELLANEOUS DATE MOUDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT JOURNAL FITG TO FITM 7,828,633.00 JOURNAL wn" FITM TO FITG ° ° ° w"362,114.00 TOTAL $-1,828,633.00 $362,114.00 027 06/31/03;15:20 001 V644 EFTA00195475

--=PAGE_BREAK=--

BEAR STEARNS ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE www.bearstearns.com What’s In This Statement Financial Summary , Your Portfolio Holdings . OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 Transaction Detail .....sscssseeenees 5 Your Portfolio at a Glance NET CREDIT BALANCE NET EQUITY THIS PERIOD $11 NET EQUITY LAST STATEMENT CHANGE SINCE LAST STATEMENT 1 10 There are no "Stop Loss’ orders or other pending buy . 3 FINANCIAL TRUST CO INC _ 8 C/O JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Market Value of Your Portfolio 41 Casha eas si HE Current market value S88 Last statement's market value CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOG March 29, 2003 THROUGH April 25, 2003 accout Nuvecr TAXPAYER NUMBER On File LAST STATEMENT March 28, 2003 or sell open orders on file for your account. This summary is for informational purposes only. It ts not intended as a tax document ‘Ths statemem should be retamed for your records See reverse side for important information. 027 (04/26/03;11:48 001 643 EFTA00195476

--=PAGE_BREAK=--

2 of 5 STATEMENT BACKER IS PRINTED ON THIS PAGE (04/26/03;11:48 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC v643 EFTA00195477

--=PAGE_BREAK=--

BEAR OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 STEARNS 3 of Cash Flow Analysis THIS PERIOD Balance $0.80 Dividends/Interest 10.22 Amount Credited $10.22 Net Cash Activity 10.22 Closing Balance $11.02 Cash Balance Summary OPENING CLOSING Margin 0.80 11.02 Net Cash Balance $0.80 $11.02 Your Portfolio Holdings CASH & CASH EQUIVALENTS Income Summary THiS PERIOD YEAR TO DATE U.S. Govt. Bond Int. 0.00 1,217,359.78 Credit Balance Int. 10.22 186.07 Reverse Repurchase Int. 0.00 32,666.67 a 20 Bond Purchase Int. 0.00 -436,153.31 Repurchase Int. Exp. 0.00 -102,015.85 Portfolio Composition Cash/Cash Equivalent 11 Total $11 DESCRIPTION SYMBOL/CUSIP CASH BALANCE TOTAL CASH & CASH EQUIVALENTS NAARKET ESTIMATED (QURRENT PRICE VALUE ANNUAL INCOME YELD (%) 11 $11 027 04/26/03;11:48 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOD March 29, 2003 THROUGH April 25, 2003 accout Nuecr TAXPAYER NUMBER On File LAST STATEMENT March 28, 2003 Your Portfolio Allocation Cash & Equivalent — 100% Unshaded portions denote debt balance andicr short market values, The allocation percentage is derived from the absohte market value of your portioiio. v643 EFTA00195478

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST CO INC 45 STATEMENT PERIOD March 29, 2003 THROUGH April 25, 2003 account numccr (S TAXPAYER NUMBER On File LAST STATEMENT March 28, 2003 Your Portfolio Holdings (continued) YOUR PRICED PORTFOLIOHOLDINGS $11 Repurchase and Reverse Repurchase Transactions with Bear, Stearnsand Co. Inc. outstanding as of date of statement PURCHASE) REPURCHASE PRICING PURCHASE PRICE ACCAUED REPO QUANTITY START DATE OATE RATE PRINCIPAL INTEREST* (FACE AMOUNT) CUSIP DESCRIPTION YOU SOLD USTR 3.0000 02/15/08 (REPO) 03/14/03 OPEN 0.700 —--10,125,000 -11,266 -10,000,000 [x YOU SOLD USTR 3.8750 02/15/ (REPO) 03/19/03 OPEN 0.600 -34,825,000 -24,880 -35,000,000 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $-44,950,000 $-36,146 *As of statement date 027 04/26/03;11:48 001 v643 EFTA00195479

--=PAGE_BREAK=--

BEAR STEARNS 5 os Transaction Detail OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 FINANCIAL TRUST CO INC STATEMENT PERIOD March 29, 2003 THROUGH April 25, 2003 account numccr (S TAXPAYER NUMBER On File INTEREST LAST STATEMENT March 28, 2003 DATE DESCRIPTION SYMBOUCUSIF QUANTITY RATE [%) DEBIT AMOUNT CREDIT AMOUNT 03/31/03 AVGBAL 27,103RT 0.566 10.22 021 OFFICE INTEREST 0303 TOTAL $10.22 f-™ [stop] ***+* Endof Statement"***** o27 (04/26/03;11:48 001 v643 EFTA00195480

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE ww.bearstearns.com CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOG March 1,2003 THROUGH March 28, 2003 accout Nuvecr What’s In This Statement Wesallssebeslsllssrell TAXPAYER NUMBER On File Financial SUMMA sews S FINANCIAL TRUST CO INC LAST STATEMENT — February 28, 2008 Your Portfolio Holdings . 3 C/O JEFFREY EPSTEIN Transaction Detail .. 5 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio NET CREDIT BALANCE 1 Gash & Equivalent te $48,708 NET EQUITY THIS PERIOD $1 HM Current market value sueeensessneeesessannenennesennensnnetesssssunueeensetenensnnsee sess aennenenases HERE Last statement’s market value NET EQUITY LAST STATEMENT 48,708 CHANGE SINCE LAST STATEMENT -48,708 There are no "Stop Loss’ orders or other pending buy or sell open orders on file for your account. This summary is for informational purposes only. It is not intended as a tax document ‘Ths statemem should be retained for your records See reverse side for important imformation. 027 (0a/2903;10:84 001 V642 EFTA00195481

--=PAGE_BREAK=--

2 of? STATEMENT BACKER IS PRINTED ON THIS PAGE (04/29/03;10:84 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC W642 EFTA00195482

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 3 of? Cash Flow Analysis Cash Balance Summary THIS PERIOD OPENING CLOSING Openi: Balance $48,708.36 Margin 48,708.36 0.80 Securities Sold 110,277,979.17 Net Cash Balance $48,708.36 $0.80 bividendsiinterest 479.612.15 dvssetsitseetnnansisissanenettnsenestveestsaneennnesetsenenesses ane Miscellaneous 132,879.00 Amount Credited $110,890,470.32 Income Summary Securities Bought -110,578,841.60 —_— a Dhidendefindareet Changed 497,479.28 U.S. Govt. Bond Int. 479,558.01 —-1,217,359.78 Credit Balance Int. 54.14 175.85 Miscellaneous -162,857.00 Reverse Repurchase Int. 32,666.67 32,666.67 Amount Debited a sssssesemressneseseres bot Os ooo 77-88 Total... $512,278.82 $1,250,202.30 Net Cash Activity 48,707.56 Bond Purchase Int. 197,479.28 -436,153.31 Repurchase Int. Exp. -32,747.85 -102,015.85 Your Portfolio Holdings CASH & CASH EQUIVALENTS NAARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD (*%} CASH BALANCE 1 TOTAL CASH & CASH EQUIVALENTS $1 o27 04/2903;10:54 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOD March 1, 2003 THROUGH March 28, 2003 accout Nuecr TAXPAYER NUMBER On File LAST STATEMENT February 28, 2003 W642 EFTA00195483

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST CO INC 4a STATEMENT PERIOD March 1,2003 THROUGH March 28, 2003 account numccr (S TAXPAYER NUMBER On File LAST STATEMENT February 28,2003 Your Portfolio Holdings (continued) YOUR PRICED PORTFOLIOHOLDINGS $1 Repurchase and Reverse Repurchase Transactions with Bear, Stearnsand Co. Inc. outstanding as of date of statement PURCHASE: REPURCHASE PRICING PURCHASE PRICE ACCAUED REPO QUANTITY START DATE OATE RATE PRINCIPAL INTEREST* (FACE AMOUNT) CUSIP DESCRIPTION YOU SOLD USTR 3.0000 02/15/08 (REPO) 03/14/03 OPEN 0.950 —_-10,125,000 3,974 -10,000,000 [x YOU SOLD USTR 3.8750 02/15) (REPO) 03/19/03 OPEN 0.900 _-34,825,000 6,287 -35,000,000 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $-44,950,000 $-10,261 *As of statement date 027 (04/2903;10:84 001 W642 EFTA00195484

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. One Metratach Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 fl Le FINANCIAL TRUST CO INC 5 of? STATEMENT PERIOO March 1,2003 THROUGH March 28, 2003 Transaction Detail account numccr = TAXPAYER NUMBER On File INVESTMENT ACTIVITY LAST STATEMENT —- February 28, 2003 SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLCUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 03/13/03 BOUGHT UNITED STATES TREASURY NOTE 30,000,000 100.46094 30,138,281.25 DUE 01/31/2005 01,625% JJ 31 ACCR. INT. 55,214.09 SPECIAL INSTRUCTIONS YIELD 1,376.35 TY GVER REF # BETAS ELIE oD SAVES TRERSOR NOE a seaeenenn DUE 01/31/2005 1,625 1,625 13 1) FITG RS TERI TERM RESALE AGREEMENT ACCR. INT. 22,375.69 ACCR. INT. 479,558.01 YIELD 3.894 54 ITY GVER REF # DUE 02/15/2013 03,875% FA 15 ACCR. INT. 119,889.50 x ITY GVER REF # TOTAL $-75,393,573.03 $65.774,870.51 027 04/29103;10:84 001 W642 EFTA00195485

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT . Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS —— 10179 6 of? STATEMENT PERIOD March 1,2003 THROUGH March 28, 2003 Transaction Detail (continued) TAXPAYER NUMBER On File FINANCIAL TRUST CO INC account numccr (S INTEREST LAST STATEMENT February 28, 2003 DATE DESCRIPTION SYMBOUCUSIF QUANTITY RATE [%) DEBIT AMOUNT CAEDIT AMOUNT 03/03/03 AVGBAL 120.072RT 0.580 54.14 021 OFFICE INTEREST 0203 TOTAL $54.14 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear, Stearns& Co. Inc. SETTLEMENT TRADE DATE TRANS) N Di PTION SYMBOUCUSIP QUANTITY DEBIT AMOUNT CREDIT AM INTEREST vente STATES TREASURY NOTE 32,666.67 TERM REPO AGREEMENT | Pe ini OUT NOTE ‘a “35,000,000 34:825.000.00 U REPO int TOTAL $-35,382,747.85 $44 982,666.67 INTEREST 32,747.85 027 0a/29103;10:54 001 v642 EFTA00195486

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 7 ot? Transaction Detail (continued) MISCELLANEOUS OATE i TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 03/14/03 JOURNAL FITM TO FITG 112,066.00 JOURNAL FITG TO FITM 162,857.00 $-162,857.00 $132,879.00 f—™ (stop) ****** End of Statement*™***** S/S 027 (0a/29'03;10:84 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 FINANCIAL TRUST CO INC STATEMENT PERIOD March 1,2003 THROUGH March 28, 2003 account numccr (S TAXPAYER NUMBER On File LAST STATEMENT February 28, 2003 EFTA00195487

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE ww.bearstearns.com What's In This Statement Financial SUMMALY sess S Your Portfolio Holdings . 4 Transaction Detail .. 5 Your Portfolio at a Glance CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOO February 1, 2003 THROUGH February 28, 2003 accout Nuvecr Wasalbssbeclslsssahil TAXPAYER NUMBER On File FINANCIAL TRUST CO INC LAST STATEMENT January 31, 2003 C/O JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Market Value of Your Portfolio NET CREDIT BALANCE 48.703 ca coven S18 a 00 516 NET EQUITY LAST STATEMENT 220,616 CHANGE SINCE LAST STATEMENT -171,908 There are no "Stop Loss” orders or other pending buy or sell open orders on file for your account. Ho Current market value $8 Last statement's market value This summary is for informational purposes only. It is not intended as a tax document ‘Ths statemem should be retamed for your records See reverse side for important information. oz? 02/01/03;13:10 001 vest EFTA00195488

--=PAGE_BREAK=--

2 of 5 STATEMENT BACKER IS PRINTED ON THIS PAGE 03/01/03;13:10 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC EFTA00195489

--=PAGE_BREAK=--

BEAR STEARNS Cash Flow Analysis OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 Income Summary CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC 3 of 5 STATEMENT PERIOD February 1,2003 THROUGH February 28, 2003 accout Nuecr TAXPAYER NUMBER On File THIS PERIOD THiS PERIOD YEAR TO DATE LAST STATEMENT January 31, 2003 OpeningBalance $220,616.16 U.S. Govt. Bond Int. 5,386.74 737,801.77 . Credit Balance Int. 121.71 121.71 Securities Sold 29,936,718.75 sess anneeeneneueeneesenenseesaunaueeneeeenenennene sees am wonecorsecsss ecvesececseoes Dividends/Interest 5,508.45 Tt ensntneneeesstneeenrenentnae EO ee rumen ee sesneesennees ssoseeeanesesssssaneeessnnaeesennnseeessssa oes Bond Purchase Int. 0.00 -238,674.03 Amount Credited $29,042,227.20 Repurchase Int. Exp. 0.00 -69,268.00 Miscellaneous -30,114,135.00 Amount Debited $-30,114,135.00 Net Cash Activity -171,907.80 P Cash/Cash Equivalent 48,708 Total $48,708 Your Portfolio Cash Balance Summary Allocation OPENING CLOSING Margin 220,616.16 48,708.36 Net Cash Balance $220,616.16 $48,708.36 Cash & Equivalent— 100% Unshaded portions denote debt batance andicr short market values. The alocation percentage is derived from the absohte market value of your portloio, 027 03/01/03;13:10 001 vest EFTA00195490

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST CO INC 45 STATEMENT PERIOO February 1,2003 THROUGH February 28, 2003 Your Portfolio Holdings ——— TAXPAYER NUMBER On File CASH & CASH EQUIVALENTS LAST STATEMENT January 31, 2003 NAARKET ESTIMATED (QURRENT DESCRIPTION SYMBOU'CUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) CASH BALANCE 48.708 TOTAL CASH & CASH EQUIVALENTS $48,708 YOUR PRICED PORTFOLIOHOLDINGS $48,708 Repurchase and Reverse Repurchase Transactions with Bear,Stearnsand Co. Inc. outstanding as of date of statement PURCHASE, REPURCHASE PRICING PURCHASE PRICEY ACCAUED REPO QUANTITY START DATE DATE RATE PRINCIPAL INTEREST" (FACE AMOUNT) CUSIP DESCRIPTION YOU SOLD USTR 4.0000 11/15/12 (REPO) 01/23/03 OPEN 0.700 —-35,350,000 -16,005 -35,000,000 [x YOU BOUGHT USTR 1.6250 01/31/05 (REVERSE) 02/04/03 _ OPEN 1.150 _ 30,000,000 23,700 __ 30,000,000 TOTAL REVERSE REPURCHASE TRANSACTIONS $30,000,000 $23,700 TOTAL REPURCHASE TRANSACTIONS $-35,350,000 $-16,005 "AS of statement date 027 03/01/03;13:10 001 v641 EFTA00195491

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. ne Metrotech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 fl | FINANCIAL TRUST CO INC 5 os STATEMENT PERIOO February 1,2003 THROUGH February 28, 2003 Transaction Detail accout wuvcce | TAXPAYER NUMBER On File INVESTMENT ACTIVITY LAST STATEMENT — January 31, 2003 SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 02/04/03 02/03/03 SOLD UNITED STATES TREASURY NOTE -30,000,000 99.78906 DUE 01/31/2005 01,625% 4 31 ACCR. INT. SPECIAL INSTRUCTIONS YIELD 1,733. % TY GVER REF # BEIGE ESERIES SERIES BERS STE ES arate DUE 01/31/2005 1,625 1,625 DI 131) FITG RS OPE RESALE AGREEMENT TOTAL $-30,000,000.00 $29.942,105.49 INTEREST DATE CESCRIPTION SYMBOUCUSIP QUANTITY RATE (%) CEBIT AMOUNT CREDIT AMOUNT 02/03/03 AVG BAL _- 0.561 121.71 021 OFFIC! 0103 TOTAL $121.71 MISCELLANEOUS DATE MO/DAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 02/21/03 JOURNAL FITG TO FITM 114,135.00 TOTAL $-114,135.00 027 03/01/03;13:10 001 veal EFTA00195492

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 Pe ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE www.bearstearns.com What’s In This Statement Financial SUMMA aes S Your Portfolio Holdings . 4 Transaction Detail ... 5 Your Portfolio at a Glance CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOD January 1, 2003 THROUGH January 31,2003 accout nuvecr || PR | ery end eee TAXPAYER NUMBER On File FINANCIAL TRUST CO INC LAST STATEMENT December 31,2002 C/O JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Market Value of Your Portfolio NET CREDIT BALANCE 220.616 cash EE $220,616 NET EQUITY LAST STATEMENT 0 CHANGE SINCE LAST STATEMENT 220,616 There are no "Stop Loss’ orders or other pending buy or sell open orders on file for your account. Ho Current market value BEY Last statement's market value This summary i for informational purposes only. It Is mot intended as a tax document This statement should be retained for your records. See reverse side for important information oz? 02101/03;15:12 001 ve40 EFTA00195493

--=PAGE_BREAK=--

2 of 6 STATEMENT BACKER IS PRINTED ON THIS PAGE 02101/03;15:12 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC EFTA00195494

--=PAGE_BREAK=--

BEAR STEARNS 3 of 6 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 Cash Flow Analysis Openi: THIS PERIOD Balance $0.15 Securities Sold 121,617,968.75 Dividends/Interest 732,415.03 Miscellaneous 4,463.41 Amount Credited $122,354,847.19 Securities Bought -121,481,768.00 Dividends/Interest Charged -238,674.03 Miscellaneous -413,789.15 Amount Debiteg aeessssermennennennrne Peo Mea AB Net Cash Activity 220,616.01 Cash Balance Summary OPENING CLOSING Margin 0.15 220,616.16 Net Cash Balance $0.15 $220,616.16 Income Summary THiS PERIOD 732,415.03 YEAR TO DATE 732,415.03 U.S. Govt. Bond Int. Bond Purchase Int. -238,674.03 -238,674.03 Repurchase Int. Exp. -69,268.00 -69,268.00 Portfolio Composition Cash/Cash Equivalent 220,616 Total $220,616 027 02101/03;15:12 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOD January 1, 2003 January 31, 2003 accout Nuecr TAXPAYER NUMBER On File THROUGH LAST STATEMENT December 31,2002 Your Portfolio Allocation Cash & Equivalent— 100% Unshaded portions denote debt batance andicr short market values. The alocation percentage is derived from the absohte market value of your portloio, ves0 EFTA00195495

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST CO INC 4 o6 STATEMENT PERIOO January 1, 2003 THROUGH January 31, 2003 Your Portfolio Holdings ——— CASH & CASH EQUIVALENTS TAXPAYER NUMBER On File LAST STATEMENT December 31,2002 MARKET ESTIMATED (QURRENT DESCRIPTION SYMBOUCUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) CASH BALANCE 220.616 TOTAL CASH & CASH EQUIVALENTS $220,616 YOUR PRICED PORTFOLIOHOLDINGS $220,616 Repurchase and Reverse Repurchase Transactions with Bear,Stearnsand Co. Inc. outstanding as of date of statement PURCHASE, REPURCHASE PRICING PURCHASE PRICE) ACCAUED REPO QUANTITY START DATE OaTE RATE PRINCIPAL INTEREST* (FACE AMOUNT) cusP DESCRIPTION YOU SOLD USTR 4.0000 11/15/12 -5.106 01/23/03 _ OPEN -35,350,000 -35,000,000 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $-35,350,000 $-5,106 “As of statement date 027 02101/03;18:12 001 vé40 EFTA00195496

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. One Metrotech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 FINANCIAL TRUST CO INC 5 of6 STATEMENT PERIOO January 1, 2003 THROUGH January 31,2003 Transaction Detail accout wuvcce | TAXPAYER NUMBER On File INVESTMENT ACTIVITY LAST STATEMENT © December 31, 2002 SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 010803 01/0703 SOLD UNITED STATES TREASURY NOTE 40,000,000 10258375 47,037,500.00 15.2012 04,375% FA 15 ACCA. INT. 694,293.48 YIELD 4, TY GVER REF # SHOTS BSN TES SPER ERSTE NOTE zs Tw seresiy ST ee 115.2012 04,000% MN 15 ACCR. INT. 238,674.03 YIELD 4,058 % ry GVER REF # 01/23/03 01/22/03 SOLD UNITED STATES TREASURY NOTE i "5,000,000 100.60938 5,030,468.75 DUE 11/15/2012 04,000% MN 15 ACCR. INT. 38,121.55 SPECIAL INSTRUCTIONS YIELD 3,924 % TO MATURITY GVER REF # G0225466 AS AS OF 01/22103 TOTAL $-40,051,174.03 _ $46,800,383.78 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear, Stearns& Co.inc. SETTLEMENT TRADE DATE DATE TRANSACTION DESCRETION SYMBOUCUSIP: QUANTITY DESIT AMOUNT CREDIT AMOUNT 01/08/03 JOURNAL a NOTE a 40,000,000 41,400,000.00 4375 aE RP TERM i a a a eC a TT) 4,000 AP OPEN REPO AGREEMENT 027 0201/03;18:12 001 ves0 EFTA00195497

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 6 of 6 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSAL 01/08/03 INTEREST ATES TREASURY NOTE SYMBOUCUSIP QUANTITY Dorn 35,000,000 4,000 Di i RP OPEN REPO AGREE! REASURY NOTE 4,000 DUE LL 1512 RP TERM TERM REPO AGREEMENT CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp One Metrotech Center North Brooklyn, New York 11201-2859 FINANCIAL TRUST CO INC STATEMENT PERIOO January 1,2003 THROUGH January 31,2003 account numccr (S TAXPAYER NUMBER On File LAST STATEMENT December 31,2002 CREDIT AMOUNT TOTAL MISCELLANEOUS DATE MONDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT JOURNAL FITG TO FITM 0.15 esuuyeneeeen — sssessusaeeeeeeeeeeesenssnunnsssensnsunnnansssssssseessssaseen seit COUPON 4,3750 DELIVERED FINANCING NET PAIROFF DIFF 0 FG TO FIM 413,789.00 01/28/03 JOURNAL FITG REBATE 2002 TOTAL $-413,789.15 027 0201/03;18:12 001 $-81,669,268.00 $75,550,000.00 ves0 EFTA00195498