Statements EFTA00196295

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North BEAR 383 Madison Avenue Brocklyn, New York 11201-2859 New York, New York 10179 a STEARNS — FINANCIAL TRUST CO ING ACCOUNT EXECUTIVE GNMA GOVT BOND STATEMENT PERIOD November 30, 2002 VISIT OUR WEBSITE = www.bearstearns.com THROUGH December 31, 2002 . account xumccr = What’s In This Statement | PPR | ery end eee TAXPAYER NUMBER On File Financial Summary . . 3 FINANCIAL TRUST CO INC LAST STATEMENT Novernber 29, 2002 Your Portfolio Holdings . 4 C/O JEFFREY EPSTEIN Transaction Detail 5 6100 RED HOOK QUARTER Trades Not Yet Settled ou usesserseneae 17 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Important: Message if any information regarding TOTAL VALUE OF SECURITIES THIS PERIOD* 13,715,716 Cash & Equivalent bene 2002interest, dividends, ' miscellaneous income, LONG ACCRUED INTEREST 509,313 Fixed $13,715,716 gross proceeds oF original 7.421.941 issue discount is requir NET CREDIT BALANCE 24,520 Income $7,421, to be reported to the IRS for this account, a seansenaeenneensss ss suseeenseassensnsennsss) sennseessenssnassnneess)saneeusennees || Current market value Col lidated F 4099 NET EQUITY THIS PERIOD 14,249,549 ba orm prieelifiindan ‘aussennune HEHE Last statement's market value will be ret conden by January 31, ora NET EQUITY LAST STATEMENT 7,885,525 1042Sby March 17,2003. CHANGE SINCE LAST STATEMENT 6,364,025 “This portfolio indudes one or more unpriced securties that are not reflected in the Total Value of Securties and the Net Equity This Period 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, ‘This statemem should be retained for your records. See reverse side for important information, o27 01/01/03,08:59 001 ves EFTA00196296

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2011 STATEMENT BACKER IS PRINTED ON THIS PAGE 01/01/03,08:59 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC EFTA00196297

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Comp 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 3 oft STATEMENT PERIOD November 30, 2002 THROUGH December 31, 2002 Cash Flow Analysis Income Summary conte TAXPAYER NUMBER On File THIS PERIOD THIS PERIOD YEAR TO DATE _ LAST STATEMENT Novernber 29. 2002 OpeningBalance $13,778.71 Govt. Agency Int. 964,540.47 —-2,802,875.24 cee scen coreccosarnnecsanesseunecetessecetessests1seeee alhdoorel Credit Balance Int 342 60 1095.54 Securities Sold 71,498,828.13 saseanenens eeseesssseenecneenseens 71 Dividends/Interest 964,882.99 $2,803,910.78 Miscellaneous 7,182,198.39 Bond Purchase Int. | | -497,459.47 Amount Credited $79,645,909.51 Securities Bought -71,498,828.13 Portfolio Composition Miscellansous 6, 136,336.62 Cash/Cash Equivalent 24,520 Amount Debited $-79,635,164.75 Fixed Income 13,715,716 Net Cash Activity 10,744.76 Your Portfolio Allocation Cash Balance Summary OPENING CLOSING perch & Equivalent Margin 13,775.71 24,520.47 Net Cash Bal: $13,775.71 L Fixed Income 99% Unshaded portions denote debt balance andlor short market values. The alocation percentage is derived from the absohte market value of your portiotio. 027 01/01/03;08:59 001 veas EFTA00196298

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a aon Your Portfolio Holdings CASH & CASH EQUIVALENTS MARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) CASH BALANCE 24,520 TOTAL CASH & CASH EQUIVALENTS $24,520 FIXED INCOME Government & Agency Obligations ACCT ACCRUED DESCRIPTION SYMBOLCUSP TYPE QUANTITY PRICE MARKET VALUE INTEREST FEDERAL HOME LOAN MTG CORP rc 58,082,010 8.6987 5,052,380 154,367 SERIES 2530 CLASS SE DATED DATE 10/11/02 BOOK ENTRY ONLY DUE 02/15/% 10% racron ~ lil FEDERAL HOME LOAN MTG CORP a acs 24.914,447 8.3566 2.082.008 61,787 SERIES 2526 CLASS SI DATED DATE 10/01/02 BOOK ENTRY ONLY DUE 02/15) 10% racron = ll FEDERAL HOMELOAN Mic cone Cg" 63,667,128 29911 1.904.354 28,294 SERIES 2471 CLASS YT DATED DATE 06/07/02 BOOK ENTRY ONLY DUE 03/15/% 10% FACTOR = FEDERAL HOMELOAN MiG cone Cg" 45.780.425 Unpriced 733,880 SERIES 2488 CLASS SO DATED DATE 07/08/02 BOOK ENTRY ONLY DUE 03/15/% 0% FACTOR 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 Novernber 30, 2002 THROUGH December 31,2002 account numccr (S TAXPAYER NUMBER On File LAST STATEMENT November 29,2002 ESTIMATED CURRENT ANNUAL INCOME YIELD (%) 3,473,304 68.7459 {390.226 66.7733 636.671 33.4324 3.012.352 027 01/01/03;06:59 001 véas EFTA00196299

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North BEAR 383 Madison Avenue Brocklyn, New York 11201-2859 STEARNS New York New York 10179 as | FINANCIAL TRUST CO INC 5 of 1 STATEMENT PERIOO November 30, 2002 THROUGH December 31,2002 Your Portfolio Holdings (continued) accout wuvcce | TAXPAYER NUMBER On File LAST STATEMENT November 29, 2002 Government & Agency Obligations (continued) ACCT ACCRUED ESTIMATED CURRENT DESCRIPTION SYMBOLCUSP TYPE QUANTITY PRICE MARKET VALUE INTEREST ANNUAL INCOME YIELD (%) FEDERAL HOME LOAN MTG CORP | IGN 52,816,814 8.8551 4,676,974 130,985 2,947,178 63.0146 SERIES 2483 CL SL DATED DATE 07/02/02 BOOK ENTRY ONLY DUE 03/15/: 0% FACTOR = | Total Government& Agency Obligations $13,715,716 $509,313 $11,459,731 TOTAL FIXED INCOME $13,715,716 $509,313 $11,459,731 YOUR TOTAL ACCRUED INTEREST $509,313 YOUR TOTAL ESTIMATED ANNUAL INCOME $11,459,731 YOUR PRICED PORTFOLIOHOLDINGS $13,740,236 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 12/09/02 PRINCIPAL FEDERAL HOME LOAN MTG CORP 2,639,915 SERIES 2471 CLASS YT 1,000 DUE 03/15/32 REV INC PRN 11/15/02 027 01/01/03;06:59 001 véas EFTA00196300

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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 FINANCIAL TRUST CO INC 6 of STATEMENT PERIOO Novernber 30,2002 THROUGH December 31, 2002 Transaction Detail (continued) accour wuccn ED TAXPAYER NUMBER On File INVESTMENT ACTIVITY (continued) LAST STATEMENT — Novernber 29, 2002 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT PRINCIPAL FEDERAL HOME LOAN MTG CORP -1,915,857 SERIES 2471 CLASS YT 1,000 DUE 03/15/32 PAY COR PAN 11/15/02 BOUGHT FNMA-30YA(FNMA) GTD 02 , 235.600.0006 762°62500 357656.250.00 TO CXL PREVIOUS BUY FENMA-3OVA(FNMA) GTO SETT, 12/02 a yO1s 06,000% | | “25,000,000 {02.79688 25,699,218.75 REF # FNMA SETT.12/02 nm 05,500% BS AS OF 12/04/02 TO CXL PREVIOUS SELL 02? 01/01/03;08:59 001 veas EFTA00196301

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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 fl Le FINANCIAL TRUST CO INC Ton STATEMENT PERIOD Novernber 30, 2002 THROUGH December 31, 2002 Transaction Detail (continued) account numccr = TAXPAYER NUMBER On File INVESTMENT ACTIVITY (continued) LAST STATEMENT = Novernber 29, 2002 SETTLEMENT TRADE SYMBOLCUSIP QUANTITY PRICE DEBIT AMOUNT GREDIT AMOUNT 12/02 11/07/02 BOUGHT OYA(FNMA) GTD 10,000,000 100.90625 10,090,625.00 02 f 05,500% 760°S0625 16,080,625 .00 "10,000,000" TO CXL PREVIOUS BUY SERIES 2471 CLASS YT 1,000 DUE 03/15/32 PRINCIPAL REDUCTN 12-15-02 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT 1,000 DUE 03/15/32 PRINCIPAL REDUCTN 12-15-02 -250 12/16/02 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SL 5,580 DUE 03/15/32 PRINCIPAL REDUCTN 12-15-02 -1,821,000 SERIES 2483 CL SL 5,580 DUE 03/15/32 PRINCIPAL REDUCTN 12-15-02 FEDERAL HOME LOAN M SERIES 2488 CLASS SQ 6,580 DUE 03/15/32 PRINCIPAL REDUCTN 12-15-02 027 01/01/03;08:59 001 veas EFTA00196302

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS a" 10179 8 ott FINANCIAL TRUST CO INC STATEMENT PERIOO November 30, 2002 THROUGH December 31,2002 Transaction Detail (continued) acco xumccr TAXPAYER NUMBER On File INVESTMENT ACTIVITY (continued) LAST STATEMENT = November 29, 2002 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT GREOIT AMOUNT 12/16/02 PRINCIPAL FEDERAL HOME LOAN MTG CORP -240 SERIES 2488 CLASS SQ 6,580 DUE 03/15/32 PRINCIPAL REDUCTN 12-15-02 THEO PRINGIBAT FEDERAL HOME LOAN MTG CORP | SERIES 2530 CLASS SE 5.980 DUE 02/15/32 PRINCIPAL REDUCTN 12-15-02 Taide PAINGIPAL FEDERRT HOME LOAN WT CORE SERIES 2530 CLASS SE 5.980 DUE 02/15/32 PRINCIPAL REDUCTN 12-15-02 SERIES 2526 CLASS SI 5.580 DUE 02/15/32 PRINCIPAL REDUCTN 12-15-02 TOTAL $-71,498,828.13 $71 ,498,828.13 917,000 INTEREST DATE DESCRIPTION SYMBOUDUSIP QUANTITY RATE (5) DEBIT AMOUNT CREDIT AMOUNT 12/02/02 AVGBAL 58,609AT 5.658 313.20 021 OFFICE INTEREST 1102 {Sia FEDERAL HOME LOAN MTG CORP ; 770000 54,886.75 Re Ber 9.0 Bue oa TsiboS © 5 sa0 INTEREST PAYMENT 12-15-02 027 01/01/03;06:59 001 véas EFTA00196303

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 | 9 of 11 Transaction Detail (continued) INTEREST (continued) DATE CESCRIPTION SYMBOUCUSIP QUANTITY RATE (%) CEBIT AMOUNT 72/16/02 FEDERAL HOME LOAN MTG CORP 6.5800 SERIES 2488 CLASS SQ. ' NT 12-15-02 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 Novernber 30, 2002 THROUGH December 31,2002 account numccr (S TAXPAYER NUMBER On File LAST STATEMENT November 29,2002 CREDIT AMOUNT 261,218.15 PET iki Poo Bue b/s S0Sh'SS 8 sa INTEREST PAYMENT 12-15-02 021 OFFICE INTEREST 1202 TOTAL MISCELLANEOUS TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT JOURNAL NOVO2CLEARING FEES JOURNAL FITM TO FITG VA(FNMA) GTB SETT,12/02 5,500 DUE 12/01/32 MBS NET 12/11/02 JOURNAL FNM: SETT,12/02 6,000 DUE 12/01/31 MBS NET 12/12/02 FITM PREM 027 01/01/03;06:59 001 $964,882.99 véas EFTA00196304

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 | 10 of) Transaction Detail (continued) MISCELLANEOUS (continued) DATE MOIDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 12/17/02 RECEIVED ADP CD 3,540,000.00 DUE 12/31/2049 8,625 1/2049 8.625 aoe co _ “ 473.87 DUE 12/31/2049 8,625 8.625 D j _ - ADP CD DUE 12/31/2049 8.625 8.625 D iKAEL FITM-PR DELIVERED DELIVERED’ 3,540,000.00 DUE 12/31/2049 8,625 12/18/02 JOURNAL FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT 1,000 DUE 03/15/32 P&l TRFR TOTAL $-8,136,336.62 $7,182.198.39 027 01/01/03;08:59 001 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 November 30,2002 THROUGH December 31, 2002 account numccr (S TAXPAYER NUMBER On File LAST STATEMENT November 29, 2002 veas EFTA00196305

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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 Woot STATEMENT PERIOD November 30,2002 THROUGH December 31, 2002 . account numccr = Trades Executed Pending Settlement TAXPAYER NUMBER On File LAST STATEMENT November 29, 2002 SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 01/14/03 12/04/02 BOUGHT FNMA-30YA(FNMA) GTD 10,000,000.00 100.0937 10,009,375.00 SETT.01/03 DUE 01/01/2033 05,500% TOTAL $10,009,375.00 The above trades do not appear in any other section of this statamont [stop] **ee** End of Statement****** 027 01/01/03,06:59 001 veas EFTA00196306

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. One Metrotech Center North 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS a" 10179 ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE www.bearstearns.com What’s In This Statement Financial Summary , . 8 Your Portfolio Holdings . . 4 Transaction Detail .....scssseeeenees 6 Trades Not Yet Settled oceans 11 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD* 7,421,941 LONG ACCRUED INTEREST 449.808 NET CREDIT BALANCE 13,776 NET EQUITY LAST STATEMENT 7,987,189 CHANGE SINCE LAST STATEMENT -101,664 “This portfolio indudes one or more unpriced securties that are not reflected in the Total Value of Securties sand the Net Equity This Period There are no "Stop Loss’ orders or other pending buy or sell open orders on file for your account. Bear, Stearns Securities Corp. FINANCIAL TRUST CO INC STATEMENT PERIOD October 26, 2002 THROUGH November 29, 2002 accout nuvecr || PP | ery end eee TAXPAYER NUMBER On File FINANCIAL TRUST CO INC LAST STATEMENT October 25, 2002 C/O JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Market Value of Your Portfolio Cash & Equvatent : Income $7,803,210 HM current market value ERB] Last statements market value ‘This summary is for informational purposes only. It Is not intended as a tax document, ‘This statemem should be retained for your records. See reverse side for important information. o27 11/30V02;14:28 001 veas EFTA00196307

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2 of 12 STATEMENT BACKER IS PRINTED ON THIS PAGE 11/3002;14:25 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC EFTA00196308

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp One Metrotech Center North Brockln, New York 11201-3859 STEARNS —— 10179 3 of t2 FINANCIAL TRUST CO INC STATEMENT PERIOD October 26, 2002 THROUGH November 29, 2002 account numccr (S Cash Flow Analysis Income Summary TAXPAYER NUMBER On File THIS PERIOD THIS PERIOD YEAR TO DATE ts hl LAST STATEMENT October 25, 2002 OpeningBalance cS | Govt. Agency Int. 573,293.59 1,838,334.77 . Credit Balance Int. 113.64 693.02 Securities Sold 71,571,875.00 eet eeeeenssesanenneen weaneee conn seeeessssaunecneenseees Dividends’Interest 573,407.23 sonsessssoennseeennt OOO nseee ee eee Miscellaneous 32,826,889.93 Bond Purchase Int. -183,214.02 -497,459.47 Amount Credited $104,972.172.16 Securities Bought “79,641 ,806.33 Portfolio Composition Dividends/Interest Charged -183.214.02 CashiCash Equivalent 13.776 Miscellaneous -25,133,376.00 Fixed Income 7,421,941 Amount Debited $-104,958,396.41 Net Cash Activity Cash Balance Summary OPENING CLOSING Margin ; | 13,775.71 Net Cash Balance mm $13,775.71 Your Portfolio Allocation Cash & Equivalent L Fixed Income 99% Unshaded portions denote debt balance andlor short market values. The alocation percentage is derived from the absohte market value of your portiotio. 027 11/3002;14:28 001 veas EFTA00196309

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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 11201-2859 STEARNS New York, New York 10179 | | FINANCIAL TRUST CO INC 4 of 2 STATEMENT PERIOD October 26, 2002 THROUGH November 29, 2002 Your Portfolio Holdings account umccrh CASH & CASH EQUIVALENTS TAXPAYER NUMBER On File LAST STATEMENT October 25, 2002 MARKET ESTIMATED CURRENT DESCRIPTION SYMBOU'CUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) CASH BALANCE 13,776 TOTAL CASH & CASH EQUIVALENTS $13,776 FIXED INCOME Government & Agency Obligations ACCT ACCRUED ESTIMATED QURRENT DESCRIPTION SYMBOLCUSP TYPE QUANTITY PRICE MARKET VALUE INTEREST ANNUAL INCOME YELD (%) FEDERAL HOME LOAN MTG CORP rc 60,000,000 Unpriced 129,966 3,342,000 SERIES 2530 CLASS SE INTEREST FROM DATE 11/15/02 DATED DATE 10/11/02 FIRST COUPON 12/15/2002 BOOK ENTRY ONLY DUE 02/15/2032 5.570% FACTOR = 1,00000000 SERIES 2526 CLASS SI INTEREST FROM DATE 11/15/02 DATED DATE 10/01/02 FIRST COUPON 12/15/2002 BOOK ENTRY ONLY DUE 02/15/2032 5.320% FACTOR = 1,00000000 FEDERAL HOME LOAN MTG CORP a acs 5.139.320 SERIES 2471 CLASS YT DATED DATE 0607/02 BOOK ENTAY ONLY DUE 03/15/2032 1,000% FACTOR = .94090540 3.3013 2150428 25,331 651.393 30.2913 027 11/3002;14:25 001 véas EFTA00196310

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST CO INC 5 of 12 STATEMENT PERIOD October 26, 2002 THROUGH November 29, 2002 Your Portfolio Holdings (continued) ————— TAXPAYER NUMBER On File LAST STATEMENT October 25, 2002 Government & Agency Obligations (continued) DESCRIPTION SYMBOLCUSP 7 ACCRUED ESTIMATED CURRENT QUANTITY PRICE MARKET VALUE INTEREST ANNUAL INCOME YELD (%) SERIES 2488 CLASS SO DATED DATE 07/08/02 BOOK ENTRY ONLY DUE 03/15/2032 6.618% FACTOR = ,94719330 FEDERAL HOME LOAN MTG CORP rc 54,638,781 9.6479 5,271,513 119,373 3,069,607 58.2301 SERIES 2483 CL SL DATED DATE 07/02/02 BOOK ENTRY ONLY DUE 03/15/2032 5.618% FACTOR = .94719330 Total Government& Agency Obligations $7,421,941 $449,808 $11,566,481 TOTAL FIXED INCOME $7,421,941 $449,808 $11,566,481 YOUR TOTAL ACCRUED INTEREST $449,808 YOUR TOTAL ESTIMATED ANNUAL INCOME $11,566,481 YOUR PRICED PORTFOLIOHOLDINGS $7,435,717 oz? 11/002;14:25 001 veas EFTA00196311

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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 6 of 12 STATEMENT PERIOD October 26, 2002 THROUGH November 29, 2002 Transaction Detail accout uumcce | TAXPAYER NUMBER On File INVESTMENT ACTIVITY LAST STATEMENT October 25, 2002 SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLCUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 11/14/02 10/09/02 BOUGHT FNMA-30YA(FNMA) GTD 5N94582 25,000,000 102.65625 25,664,062.50 SETT,11/02 AS OF 11/07/02 TO CXL PREVIOUS SELL Tii4i02" ToI0s02 CANCEL BOY FNMA-SOVAIENMA) GTO 5NO4582 "25:000,000 102.65625 25,664,062.50 SETT,11/02 5NS4582 “25,000,000 102.96875 235,742, 187.50 ENMA“SOVA(ENMA)GTD ;, 70,000,000 700-:40625 10:040/625:00 SETT,11/02 SETT.11/02 01 05,500% REF # AS OF 11/07! TO CXL PREVIOUS SELL 027 11/3002;14:28 001 veas EFTA00196312

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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 7 of 12 STATEMENT PERIOD October 26, 2002 THROUGH Novernber 29, 2002 Transaction Detail (continued) account numccr = TAXPAYER NUMBER On File INVESTMENT ACTIVITY (continued) LAST STATEMENT — October 25, 2002 SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLCUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 11/14/02 11/05/02 CANCEL BUY FNMA-3O0YA(FNMA)GTD -10,000,000 100.40625 10,040,625.00 SETT,11/02 01s 05,500% REF # BS AS OF 11/05/02 TO CXL PREVIOUS BUY Tisi62 PRINCIPAL FEERAD HOME LOAN MIG CORP SERIES 2471 CLASS YT -2,639,000 PRINCIPAL REDUCTN 11-15-02 a 1,000 DUE 03/15/32 a SERIES 2471 CLASS YT 1,000 DUE 03/15/32 PRINCIPAL REDUCTN 11-15-02 -1,589, u SERIES 2483 CL SL 5,618 DUE 03/15/32 PRINCIPAL REDUCTN 11-15-02 11/15/02 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SL 5,618 DUE 03/15/32 PRINCIPAL REDUCTN 11-15-02 11/15/02 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2488 CLASS SQ 6,618 DUE 03/15/32 PRINCIPAL REDUCTN 11-15-02 “"REBERAL HOME LOAN MITE CORP” SERIES 2488 CLASS SQ 6,618 DUE 03/15/32 PRINCIPAL REDUCTN 11-15-02 “PRINCIPAL” 027 11/3002;14:25 001 véas EFTA00196313

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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 8 of 12 STATEMENT PERIOD October 26, 2002 THROUGH Novernber 29, 2002 Transaction Detail (continued) account numccr = TAXPAYER NUMBER On File INVESTMENT ACTIVITY (continued) LAST STATEMENT October 25, 2002 SETTLEMENT TRADE DATE OATE DESCRIPTION SYMBOLCUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 11/29/02 13/02 BOUGHT FEDERAL HOME LOAN MTG CORP 9.56250 956,250.00 SERIES 2530 CLASS SE ACCR. INT. 21,661.11 1S) 05.570% REF # BS AS OF 11/13/02 SERIES 2530 CLASS SE ACCR. INT. 108,305.56 1S) 05.570% REF # BS AS OF 11/ SERIES 2526 CLASS SI “ACCR. INT. "53,247.35 VIS / 05.320% REF # BS AS OF THOS! TOTAL $-79,825,020.41 _$71,571,875.00 INTEREST DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE {%) DEBIT AMOUNT CREDIT AMOUNT 10/2802 AVGBAL 157,735RT 1.080 113.64 021 OFFICE INTEREST 1002 Ree tk 1 %Po0 BoE ORs BOs Ss INTEREST PAYMENT 1 “BAS 655.23 027 11/30002;14:25 001 veas EFTA00196314

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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 9 of 12 STATEMENT PERIOD October 26, 2002 THROUGH November 29, 2002 Transaction Detail (continued) acco xumccr TAXPAYER NUMBER On File INTEREST (continued) LAST STATEMENT October 25, 2002 DESCRIPTION SYMBOUCUSIP QUANTITY RATE [Sp DEBIT AMOUNT CREDIT AMOUNT FEDERAL HOME LOAN MTG CORP 6.6180 SERIES 2488 CLASS SQ ABS eNhtenT HS o2 TOTAL $573,407.23 MISCELLANEOUS DATE MavDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 10/29/02 RECEIVED ADP CD 9,400,000.00 DUE 12/31/2049 8,625 8.625 D RE abr _ “wv T77400,000:060 DUE 12/31/2049 8,625 8,625 DUE 12/31/49 RECEIVED DUE 12/31/2049 8.625 ioasos BELVERES A — eee se 872.78 DUE 12/31/2049 8,625 8.625 D RAE EITM-PR DUE 12/31/2049 8,625 8.625 D vot) DELIVERED "" BELIVERED™ 027 11/3002;14:28 001 veas EFTA00196315

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 | 10 of 12 Transaction Detail (continued) MISCELLANEOUS (continued) DATE MONDAY TRANSACTION _DESCRIFTION DEBIT AMOUNT CREDIT AMOUNT 10/29/02 DELIVERED ADP CD 1,000,000.00 DUE 12/31 (2049 8,62 me 12/31/2049 8.625 _ T O60 00000 {oesi02""" DELIVERED 9,400,000.00 oue oat 2040 8.625 8.625 6,000 DUE 11/01/32 SETT.11/ 5,500 DUE 11/01/32 MBS NET 1 02 HTS TAGS IOUANAT “FEDERAL HOME LOAN MTG CORB” SERIES 2471 CLASS YT 1,000 DUE 03/15/32 Pl TANFR “JOURNAL PREM. PAN. abs 437,000:00""” 027 11/3002;14:25 001 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 October 26, 2002 THROUGH Novernber 29, 2002 account numccr (S TAXPAYER NUMBER On File LAST STATEMENT October 25, 2002 veas EFTA00196316

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BEAR STEARNS V1 of 12 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 Transaction Detail (continued) MISCELLANEOUS (continued) DATE MODAY TRANSACTION JOURNAL RECEIVED =" BELIVERED™ DELIVERED DESCRIPTION PREM. INT. ADJ. ADP CD DUE 12/31/2049 — 8.625 DUE 12/31/2049 8,625 8.625 D RE ADP CD DUE 12/31/2049 8,625 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 October 26, 2002 November 29, 2002 On File THROUGH ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT October 25, 2002 DEBIT AMOUNT CREDIT AMOUNT 7,457.50 3'574°000:00 11,827,000.00 TOTAL $-25, 133,376.00 $32,826,889.93 Trades Executed Pending Settlement SETTLEMENT TRADE DATE OaTE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBT AMOUNT CREDIT AMOUNT 12/12/02 = 11/07/02 BOUGHT FNMA-30YA(FNMA) GTD SETT.12/02 DUE 12/01/2031 06,000% REF # 8S 25,000,000.00 102.6250 25,656,250.00 027 11/3002;14:28 001 veas EFTA00196317

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT a Bear, Stearns Securities Corp Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS —— 10179 FINANCIAL TRUST CO INC 12 of 12 STATEMENT PERIOD October 26, 2002 THROUGH November 29, 2002 . ACCOUNT NUMBER Fe Trades Executed Pending Settlement (continued) TAXPAYER NUMBER On File LAST STATEMENT October 25, 2002 SETTLEMENT — TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOLICUSIP SOLD FNMA-30YA(FNMA) GTD ‘ PRICE DEBIT AMOUNT CREDNT -25,000,000.00 102.7968 25,699,218.75 BOUGHT FNMA-3OVA(FNMA) GID “ee"19.000,000.00 100.9062 10,090.625.00 SETT,12102 DUE 12/01/2032 05,500% REF # TOTAL $35,746,875.00 $25,699.218.75 The above trades co not appear in any other section of this statement [sto ) ****** End of Statement™***** 027 11/3002;14:28 001 veas EFTA00196318

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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 ww.bearstearns.com What’s In This Statement Financial Summary , ' Your Portfolio Holdings . . Transaction Detail ......s.ssssssesserssseeerees Trades Not Yet Settled 0... esseseeerseee ou fk Ww Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD* 7,803,210 LONG ACCRUED INTEREST 183,979 NET EQUITY LAST STATEMENT 8,248,273 CHANGE SINCE LAST STATEMENT -261,084 “This portfolio includes one of mom ungriced securties that are not reflected in the Total Value of Securties and the Net Equity This Period. There are no "Stop Loss" orders or other pending buy or sell open orders on file for your account. 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 4 $15,467 HM current market value $3] Last statement's market value This summary i 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 September 28, 2002 THROUGH October 25, 2002 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT September 27, 2002 ‘This statemem should be retained for your records. See reverse side for important information. ves? EFTA00196319

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2 of9 STATEMENT BACKER IS PRINTED ON THIS PAGE 10/26/02;10:07 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC EFTA00196320

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 3 of9 Cash Flow Analysis Income Summary THIS PERIOD TS PEI _VEAA TO DATE OpeningBalance $15,467.44 Govt. Agency Int. 579,850.46 1,265,041.18 — Credit Balance Int. 411.86 579.38 Securities Sold 25,484,375.00 eet eeeeenssesanenneen eee veesenee weseesssseunecnnenseees Dividends/Interest 580,262.32 . $580,262.32 ___.§1,265,620.56 Miscellaneous 1,475,379.20 Bond Purchase Int. | | -314,245.45 Amount Credited $27,540,016.52 Securities Bought -25,484,375.00 Portfolio Composition Funds Withdrawn -71,010.00 —_ ; SHORT LONG Miscellaneous -2,000,099.00 Fixed Income 7,803,210 Amount Debited $-27,555,484.00 Net Cash Activity -15,467.48 Cash Balance Summary OPENING CLOSING Margin 15,467.44 ; | Net Cash Balance $15,467.44 027 10/2602;10:07 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp One Metrotech Center North Brockln, New York 11201-3859 be FINANCIAL TRUST CO INC STATEMENT PERIOD September 28, 2002 THROUGH October 25, 2002 account numccr (S TAXPAYER NUMBER On File LAST STATEMENT September 27, 2002 Your Portfolio Allocation Fixed Income— 100% Unshaded portions denote debt balance andlor short market vaiues. The alocation percentage is dered from the absokte market value of your portico. vea? EFTA00196321

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 4 a9 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRIPTION SYMBOLICUSIP QUANTITY CASH BALANCE TOTAL CASH & CASH EQUIVALENTS PRICE NAARKET VALUE ESTIMATED ANNUAL INCOME (QURRENT YELD (%} FIXED INCOME Government & Agency Obligations ACCT DESCRIPTION SYMBOLCUSP TYPE FEDERAL HOME LOAN MTG CORP tec SERIES 2471 CLASS YT DATED DATE 06/07/02 BOOK ENTRY ONLY DUE 03/15/2032 1,000% FACTOR = ,96827480 FEDERAL HOME LOAN MTG CORP Macs SERIES 2488 CLASS SO DATED DATE 07/08/02 BOOK ENTRY ONLY DUE 03/15/2032 6,200% FACTOR = .97474550 FEDERAL HOME LOAN MTG CORP rc SERIES 2483 CL SL DATED DATE 07/02/02 BOOK ENTAY ONLY DUE 03/15/2032 5.200% FACTOR = .97474550 Total Government& Agency Obligations QUANTITY 67,779,235 48,737,275 56,228,128 3.3578 9.8302 MARKET VALUE 2,275,887 5,527,323 $7,803,210 $183,979 ACCRUED INTEREST 18,830 Unpriced 83,935 81,214 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 September 28, 2002 THROUGH October 25, 2002 accout Nuecr TAXPAYER NUMBER On File LAST STATEMENT September 27, 2002 ESTIMATED CURRENT ANNUAL INCOME YIELD (%) 677,792 29.7814 3,021,711 2,923,863 52.8984 $6,623,366 TOTAL FIXED INCOME $7,803.210 $183,979 $6,623,366 10/26/02;10:07 001 EFTA00196322

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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 of9 STATEMENT PERIOD September 28, 2002 THROUGH October 25, 2002 account numccr (S TAXPAYER NUMBER On File LAST STATEMENT September 27, 2002 Your Portfolio Holdings (continued) YOUR TOTAL ACCRUED INTEREST $183,979 YOUR TOTAL ESTIMATED ANNUAL INCOME $6,623,366 YOUR PRICED PORTFOLIOHOLDINGS $7,803,210 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLCUSIP 10/15/02 09/04/02 BOUGHT FNMA-30YA(FNMA) GTD 25,000,000 2 DEBIT AMOUNT 25,484,375.00 CREDIT AMOUNT 101.93750 “25:000,000 “TOT S8756 25.484,375.00 TOTES S042 CANCEL BOY FNMA-SOVAIENMA) GTO ——en" SETT,10/02 N01) 06,000% BS AS OF 09/04/02 TO CXL PREVIOUS BUY SERIES 2471 CLASS YT 1,000 DUE 03/15/32 PRINCIPAL REDUCTN 10-15-02 027 10/26/02;10:07 001 vea? EFTA00196323

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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 6 of8 STATEMENT PERIOD September 28, 2002 THROUGH October 25, 2002 Transaction Detail (continued) account numccr [ED TAXPAYER NUMBER On File INVESTMENT ACTIVITY (continued) LAST STATEMENT September 27, 2002 SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLICUSIP PRICE DEBIT AMOUNT GREDIT AMOUNT 10/15/02 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT 1,000 DUE 03/15/32 PRINCIPAL REDUCTN 10-15-02 10/15/02 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SL 5.176 DUE 03/15/32 PRINCIPAL REDUCTN 10-15-02 “844,507 10/15/02 PRINCIPAL FEDERAL HOME LOAN MTG CORP -732,000 SERIES 2488 CLASS SQ 6,176 DUE 03/15/32 PRINCIPAL REDUCTN 10-15-02 “FEDERAL HOME LOAN ME CORP SERIES 2471 CLASS YT 1,000 DUI ant FITMARGN. A2 ae ill TERM RE! T SERIES 2471 CLASS YT 1,000 DUI abt FITMARY 1 RP OPEN REPO AGREEMENT TOTAL $-25.484.375.00 $25,484.375.00 {OTeiG2 314325534 DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRETION DEBIT AMOUNT CREDIT AMOUNT 10/03/02 END WIRED WIRED TO 71,010.00 TOTAL $-71,010.00 027 10/26/02;10:07 001 vea? EFTA00196324

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BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 7 of9 Transaction Detail (continued) 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 September 28, 2002 THROUGH October 25, 2002 account numccr (S TAXPAYER NUMBER On File INTEREST LAST STATEMENT — September 27, 2002 DATE DESCRIPTION SYMBOUCUSIF QUANTITY RATE [%) DEBIT AMOUNT CREDIT AMOUNT 09/30/02 AVGBAL 144.447RT 3.666 411.86 021 OFFICE INTEREST 0902 EER GRMN ARS GOR a8 Bae DST 8/2095"SS Too0 INTEREST PAYMENT 10-15-02 EGER, iA SERIES 2483 CL SL AES tent Boo {orisis" "FEDERAL HOME LOAN MTG CORP 6.1760 254,637.73 SFRIES 2488 CLASS SO, AESP ER Ment 10-15'02 TOTAL $580,262.32 MISCELLANEOUS TRANSACTION DESCRIPTION DEBIT AMOUNT CREOIT AMOUNT JOURNAL FITG TO FITM 1,527.00 DELIVERED ADP CD 894.48 DUE 12/31/2049 8,625 8,625 Di RK o27 10/26/02;10:07 001 EFTA00196325

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 8 os Transaction Detail (continued) MISCELLANEOUS (continued) DATE MOVDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 10/07/02 = DELIVERED ADP CD 1,190,000.00 DUE 12/31/2049 8,625 evens ag pg rnnnnnenses cone eee eg aceggygnesssanenenenenenn se sennnnnnnnnnnnns seep evens tapnnuerennnenesesonnepn pean yg nenenenenenenesssanenenenenenen is sennnnnanananns sonnet JOURNAL PRMA“SOVA(ENKIAS GTB SETT.10/02 6,000 DUE 10/01/32 MBS NET 10/15/02 16/02 JOURNAL FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT 1,000 DUE 03/15/32 P&l TRNFR aioe RECEIVES ABE CH 1:000:000'00""" DUE 12/31/2049 8,625 8.625 DUE1 _ 10/21/02 JOURNAL FITG TO FI TOTAL $-2,000,099.00 $1,475,379.20 02? 10/26/02;10:07 001 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 September 28, 2002 THROUGH October 25, 2002 account numccr (S TAXPAYER NUMBER On File LAST STATEMENT September 27, 2002 vea? EFTA00196326

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 | 9 of9 Trades Executed Pending Settlement SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION 11/14/02 = 10/09/02 NMA-30YR(FNMA) SETT.11/02 DUE 11/01/2032 06,000% TOTAL The above trades do not appear in any other section of this statamont ( Top] **ee** End of Statement****** 027 QUANTITY 25,000,000.00 10726/02;10:07 001 PRICE 102.6562 25,664,062.50 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 September 28, 2002 THROUGH October 25, 2002 account numccr (S TAXPAYER NUMBER On File LAST STATEMENT September 27, 2002 DEBIT AMOUNT GREDIT AMOUNT $25,664,062.50 ea? EFTA00196327

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steans Securities Corp. Bear, Stearns & Co. Inc. One Metatech Canter North BEAR 383 Madison Avenue Brockiyn, New York 11201-3859 STEARNS New York. New York 10179 | FINANCIAL TRUST CO ING ACCOUNT EXECUTIVE GNMA GOVT BOND STATEMENT PERIOD August 31,2002 VISIT OUR WEBSITE www.bearstearns.com THROUGH September 27,2002 . account xumccr = What's In This Statement Waal deeoclslleanselil TAXPAYER NUMBER On File LAST STATEMENT August 30, 2002 Financial Summary , . 38 FINANCIAL TRUST CO INC Your Portfolio Holdings . . 4 C/O JEFFREY EPSTEIN Transaction Detail ....sssseeeseseneeee 5 6100 RED HOOK QUARTER STE B3 Trades Not Yet Settled ...ueseeeres 9 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio 15,467 TOTAL VALUE OF SECURITIES THIS PERIOD* 8,000,901 — Cash & Equivalent 3 16.153 LONG ACCRUED INTEREST 231,905 ae $8,000,901 NET CREDIT BALANCE 15,467 Income $3,122,857 NET EQUITY THIS PERIOD $8,248,273 MM current market value secevecnseocnon seoonseeusnnsecepeasest is aveeussonesn savecanonenee HER] Last statement’s market value NET EQUITY LAST STATEMENT 3,531,317 CHANGE SINCE LAST STATEMENT 4,716,957 “This portfolio indudes one or more unpriced securties that are not reflected in the Total Vaiue of Securties sand the Net Equity This Period 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: ‘This statemem should be retained for your records. See reverse side for important information, 027 09/2802;12:44 001 v6a6 EFTA00196328

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2 of9 STATEMENT BACKER IS PRINTED ON THIS PAGE 092802;12:44 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC EFTA00196329

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 3 of9 Cash Flow Analysis THIS PERIOD OpeningBalance $116,152.92 Securities Sold 76,139,231.57 Dividends/Interest 893,355.55 Miscellaneous 518,584.04 Amount Credited $77,551.171.16 Securities Bought -76,128,187.98 Dividends/Interest Charged -308,.618.66 Miscellaneous -1,215,050.00 Amount Debited $-77,651,856.64 Net Cash Activity -100,685.48 Cash Balance Summary OPENING CLOSING Margin 116,152.92 15,467.44 Net Cash Balance $116,152.92 $15,467.44 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp ne Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOD August 31, 2002 THROUGH September 27, 2002 account numccr (S Income Summary TAXPAYER NUMBER On File THS PERIOD YEAR TO DATE LAST STATEMENT August 30,2002 Govt. Agency Int. 604,811.55 685,190.72 Credit Balance Int. 119.34 167.52 $685,358.24 Bond Purchase Int. -20,194.00 -314,245.45 Portfolio Composition Cash/Cash Equivalent 15,467 Fixed Income 8,000,901 Your Portfolio Allocation Cash & Equivalent L Fixed Income 99% Unshaded portions denote debt balance andlor short market values. The alocation percentage is derived from the absohte market value of your portiotio. 027 09/2802;12:44 001 véa6 EFTA00196330

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST CO INC 4 a9 STATEMENT PERIOD August 31,2002 THROUGH September 27, 2002 Your Portfolio Holdings come: TAXPAYER NUMBER On File CASH & CASH EQUIVALENTS LAST STATEMENT August 30, 2002 MARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) CASH BALANCE 15,467 TOTAL CASH & CASH EQUIVALENTS $15,467 FIXED INCOME Government & Agency Obligations ACCT ACCRUED ESTIMATED QURRENT DESCRIPTION SYMBOLCUSP TYPE QUANTITY PRICE MARKET VALUE INTEREST ANNUAL INCOME YELD (%) FEDERAL HOME LOAN MTG CORP tec 94,797,671 29713 2,816,686 31,598 947,977 33.6558 SERIES 2471 CLASS YT DATED DATE 06/07/02 BOOK ENTRY ONLY DUE 03/15/% 0% racron ~ ll FEDERAL HOMELOAN Miccone SSC“ RN 49,469,275 Unpriced 101,840 3.055.202 SERIES 2488 CLASS SO DATED DATE 07/08/02 BOOK ENTRY ONLY DUE 03/1 5/: ‘6% FACTOR = | FEDERAL HOME LOAN MTG CORP rc 57,072,635 9.0835 5,184,215 98,467 2,954,080 56.9822 SERIES 2483 CL SL DATED DATE 07/02/02 BOOK ENTRY ONLY DUE 03/15/2032 5.176% FACTOR = 1,00000000 Total Government& Agency Obligations $8,000,901 $231,905 $6,957,279 TOTAL FIXED INCOME $8,000,901 $231,905 $6,957,279 02? 09/28102;12:44 001 vea6 EFTA00196331

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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 of9 STATEMENT PERIOO August 31,2002 THROUGH September 27, 2002 account numccr (S TAXPAYER NUMBER On File Your Portfolio Holdings (continued) LAST STATEMENT August 30, 2002 YOUR TOTAL ACCRUED INTEREST $231,905 YOUR TOTAL ESTIMATED ANNUAL INCOME $6,957,279 YOUR PRICED PORTFOLIOHOLDINGS $8,016,368 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT — TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOLICUSIP 09/13/02 07/19/02 FNMA-30YA(FNMA) GTD 25,000,000 SETT.O9/02 DEBIT AMOUNT CREDIT AMOUNT 25,074,218.75 100.29688 0 06,000% _ SETT.09/02 101) 06,000% BS AS OF 07/19/02 TO CXL PREVIOUS BUY 027 09/2802;12:44 001 v6a6 EFTA00196332

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BEAR STEARNS 6 of9 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE 09/16/02 07/1 DESCRIPTION BOUGHT FNMA-30YR(FNMA) GTD 02 f 06.000% BS CANCEL BUY FNMA-3OYA(FNMA) GTD SETT.O9/02 DUE 09/01/2032 06,000% AS OF 07/19/02 TO CXL PREVIOUS BUY FENMA-3OVA(ENMA) GTO SETT,09/02 WOU 06,000% REF # SERIES 2471 CLASS YT 1,000 DUE 03/15/32 PRINCIPAL REDUCTN 09-15-02 u SERIES 2471 CLASS YT 1,000 DUE 03/15/32 PRINCIPAL REDUCTN 09-15-02 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SL 5,161 DUE 03/15/32 PRINCIPAL REDUCTN 09-15-02 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 FINANCIAL TRUST CO INC STATEMENT PERIOO August 31,2002 THROUGH September 27, 2002 account numccr (S TAXPAYER NUMBER On File LAST STATEMENT August 30, 2002 QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 25,000,000 100.29688 25,074,218.75 “25,000,000 {00.29688 25,074, 218.75 "35°600,006 {02°34 766 35,586,914.07 -612,297 027 09/2802;12:44 001 véa6 EFTA00196333

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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 Brocklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST CO INC 7 of STATEMENT PERIOO August 31,2002 THROUGH September 27, 2002 Transaction Detail (continued) account numccr = TAXPAYER NUMBER On File INVESTMENT ACTIVITY (continued) LAST STATEMENT = August 30, 2002 SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLCUSIP QUANTITY PRICE DEBIT AMOUNT GREDIT AMOUNT PRINCIPAL FEDERAL HOME LOAN MTG CORP -530,725 SERIES 2488 CLASS SQ 6.160 DUE 03/15/32 PRINCIPAL REDUCTN 09-15-02 SSIES" GED BOUT crete CU a 7 3 TE a C2: aa SERIES 2466 CLASS El ACCR. INT. 20,194.00 fi 06,000% REF # BS ACCAUI 1STH SERIES 2466 CLASS EI ACCR. INT. 20.194.00 q 06,000% os/25/02 09/20/02 SOLD TOTAL $-76,148.381.98 $76,159,.425.57 INTEREST DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE [%} DEBIT AMOUNT CREDIT AMOUNT 09/03/02 AVGBAL 112,761RT 1.088 119.34 021 OFFICE INTEREST ona2 Bue aS /oGbSSS re INTEREST PAYMENT 09-15-02 001s aNNnauneONneonneneN 1111 enn n0 11 NONNANONOENONOENANON 111s euNENONEEONNEONONS 111 aEH rr gt aT i a — ri s1s10 88" rcry rs SERIES io CL SL eT dB. 2 TT SERIES 2488 CLASS 20, 027 09/2802;12:44 001 v6a6 EFTA00196334

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 8 os Transaction Detail (continued) INTEREST (continued) DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE [5b DEBIT AMOUNT 09/17/02 FEDERAL HOME LOAN MTG CORP 5.1760 288,424.66 SERIES 2489 CL SL INT @ BS Bay SERIES 2483 CL SL 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 August 31,2002 THROUGH September 27, 2002 accout Nuecr TAXPAYER NUMBER On File LAST STATEMENT August 30, 2002 CREDIT AMOUNT REY RY BBS Pay o's, 18125 TOTAL $-288,424 66 $873,161.55 MISCELLANEOUS DATE MOVDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 09/05/02 JOURNAL FEDERAL HOME LOAN MTG CORP 2,954.17 SERIES 2471 CLASS YT 1,000 DUE 03/15/32 P&! TRANSFER SETT.O9/02 6,000 DUE 09/01/32 SERIES 2471 CLASS YT 1,000 DUE 03/15/32 P&l TRNFR DUE 12/31/2049 8,625 8.625 DUE 12/31/49 = ee TOTAL $-1,215,050.00 $518,584.04 o27 09'28002;12:44 001 v6a6 EFTA00196335

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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 9 of9 STATEMENT PERIOO August 31,2002 THROUGH September 27, 2002 . account numccr = Trades Executed Pending Settlement TAXPAYER NUMBER On File LAST STATEMENT August 30, 2002 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 10/15/02 09/04/02 BOUGHT FNMA-30YA(FNMA) GTD 25,000,000.00 101.9375 25,484,375.00 SETT.10/02 DUE 10/01/2032 06,000% TOTAL $25,484,375.00 The above trades do not appear in any other section of this statamont [stop] **ee** End of Statement****** 027 09/2802;12:44 001 vea6 EFTA00196336

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metrotech Center North BEAR 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS New York New York 10179 | a FINANCIAL TRUST CO INC ACCOUNT EXECUTIVE GNMA GOVT BOND STATEMENT PERIOD July 27, 2002 VISIT OUR WEBSITE www.bearstearns.com THROUGH August 30, 2002 . account numccr What's In This Statement Hava deseloclsleanselil TAXPAYER NUMBER On File Financial summary ; ; 3 FINANCIAL TRUST CO INC LAST STATEMENT July 26, 2002 Your Portfolio Holdings . . 4 aan Pe look eAMatER Transaction Detail .....sscssseeenes 5 T Not Yet Settl STE BS fades Not Yet Settled woes 9 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURITIES THIS PERIOD* 3,122,857 Cash & Equivalent "Weer 409 LONG ACCRUED INTEREST 292,307 i NET CREDIT BALANCE 116,153 Income rere eee 4 HM Curent market value (BY Last staterment's market value NET EQUITY LAST STATEMENT CHANGE SINCE LAST STATEMENT 3,289,908 “This portfolio indudes one or more unpriced securties that are not reflected in the Total Value of Seourties and the Not Equity This Period There are no "Stop Loss’ orders or other pending buy or sell open orders on file for your account. 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 o27 08/31/02;12:57 001 VS66 EFTA00196337

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2 of9 STATEMENT BACKER IS PRINTED ON THIS PAGE 08/31/02;12:57 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC EFTA00196338

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 3 of9 Cash Flow Analysis Income Summary THIS PERIOD Ea reo OpeningBalance $241,409.36 Govt. Agency Int. 80,379.17 _— Credit Balance Int. 48.18 Dividends/ Interest 80,427.35 cose ennecet enenen sess anenenesy aaaesess aoe Miscellaneous 110,150,262.74 Ronis sssesssesnseonsesscnenenenenenenenenenesssssunenenenenenenenenenssss sosnesenesenesenesenesess Bond Purchase Int. -294.051.45 Amount Credited $110,230,690.09 Securities Bought -15,313,595.08 Dividends/Interest Charged -294,051.45 Portfolio Composition Miscellaneous -94,748,300.00 Cash/Cash Equivalent Amount Debited $-110,355,946.53 Fixed Income Total Net Cash Activity -125,256.44 Cash Balance Summary OPENING CLOSING Margin 241,409.36 116,152.92 Net Cash Balance $241,409.36 $116,152.92 YEAR TO DATE 80,379.17 48.18 $80,427.35 -294,051.45 116,153 3,122,857 $3,239,010 08/31/02;12:57 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp ne Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOD July 27, 2002 THROUGH August 30, 2002 account numccr (S TAXPAYER NUMBER On File LAST STATEMENT July 26, 2002 Your Portfolio Allocation Cash & Equivalent 3% — Fixed income 97% Unshaded portions denote debt balance andlor short market values. The alocation percentage is derived from the absohte market value of your portiotio. VS66 EFTA00196339

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North BEAR 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York. New York 10179 fl | FINANCIAL TRUST CO INC 4 a9 STATEMENT PERIOD July 27, 2002 THROUGH August 30, 2002 Your Portfolio Holdings a CASH & CASH EQUIVALENTS TAXPAYER NUMBER On File LAST STATEMENT July 26, 2002 NAARKET ESTIMATED QURRENT DESCRIPTION ‘SYMBOUCUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) CASH BALANCE 116,153 TOTAL CASH & CASH EQUIVALENTS $116,153 FIXED INCOME Government & Agency Obligations ACCT ACCRUED ESTIMATED CURRENT DESCRIPTION SYMBOLCUSP TYPE QUANTITY PRICE MARKET VALUE INTEREST ANNUAL INCOME YIELD (%) FEDERAL HOME LOAN MTG CORP rc 95,814,693 3.2593 3,122,857 39,926 958,147 30.6817 SERIES 2471 CLASS YT DATED DATE 06/07/02 BOOK ENTRY ONLY DUE 03/15/2032 1,000% SERIES 2483 CL SL INTEREST FROM DATE 08/15/02 DATED DATE 07/02/02 FIRST COUPON 09/15/2002 BOOK ENTAY ONLY DUE 03/15/2032 5,161% FACTOR = 1,00000000 FEDERAL HOME LOAN MTG CORP a wrcn 50,000,000 Unpriced 128,335 3,080,000 SERIES 2488 CLASS SO INTEREST FROM DATE 08/15/02 DATED DATE 07/08/02 FIRST COUPON 09/15/2002 BOOK ENTRY ONLY DUE 08/15/2032 6.160% FACTOR = 1,00000000 Total Government& Agency Obligations $3,122,857 $292,307 $7,015,266 TOTAL FIXED INCOME $3,122,857 $292,307 $7,015,266 02? 08/31/02;12:57 001 V566 EFTA00196340

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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 STATEMENT PERIOD July 27, 2002 THROUGH August 30, 2002 account numccr (S TAXPAYER NUMBER On File Your Portfolio Holdings (continued) LAST STATEMENT July 26, 2002 YOUR TOTAL ACCRUED INTEREST $292,307 YOUR TOTAL ESTIMATED ANNUAL INCOME $7,015,266 YOUR PRICED PORTFOLIOHOLDINGS $3,239,009 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 07/30/02 07/19/02 BOUGHT FEDERAL HOME LOAN MTG CORP 100,000,000 3.46875 3,468,750.00 SERIES 2471 CLASS YT ACCR. INT. 41,666.67 15) 00,001% REF # BS AS OF O7/ eo, 2471 CLASS YT "20:000;500 OF TIO2 001 DU s15) ITMARGN Al REPO AGREEMENT 08/12/02 JOURNAL FEDERAL HOME LOAN MTG CORP | SERIES 2471 CLASS YT 1,000 DU ant FITMARGN A2 TERM RE! 26:000;000 027 08/31102;12:57 001 VS66 EFTA00196341

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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 6 of9 STATEMENT PERIOD July 27, 2002 THROUGH August 30, 2002 Transaction Detail (continued) account numccr = TAXPAYER NUMBER On File INVESTMENT ACTIVITY (continued) LAST STATEMENT July 26, 2002 SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLCUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 08/12/02 JOURNAL FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT 1,000 DUE Qg/15) FITMARGN At REPO AGREEMENT BESET BAAISIBRE TT FESEAAL HOME LON TS COR ysesueesnnensnnensonsessssatsnuenenueceneennessossansnuecenneeenaesensssossaneeneesenessnneesnass® SERIES 2471 CLASS YT 1,000 DUE 03/15/32 PRINCIPAL REDUCTN 08-29-02 SSPSONGE"GBNGTIGS BSUS EBERAL MAE TAN WTS CRE es ass SERIES 2483 CL SL ACCR. INT. 124,051.45 v5) 05,161% SERIES 2488 CLASS SQ "ACCR. INT. "128,333.33 15) 06.160% AS OF 08/02/02 TOTAL $-15,607,646.53 INTEREST DATE DESCRIPTION SYMBOUGUSIF QUANTITY RATE [%) DEBIT AMOUNT CAEDIT AMOUNT 07/29/02 AVGBAL 235,581RT 1.052 48.18 021 OFFICE INTEREST 0702 RYEREST ARR RENT os Broo TOTAL $80.427.35 027 08/31102;12:57 001 VS66 EFTA00196342

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 7 of9 Transaction Detail (continued) MISCELLANEOUS DATE MOVDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 07/30/02 RECEIVED ADP CD 21,168,000.00 DUE 12/31/2049 8,625 24.769,345.91 ADP CD DUE 12/31/2049 8.625 8.625 D j _ - FiTM-PR INT ADS JULY SOGZCLEARING FEES” "300.00 ‘AP Co” . ‘ 377168/000.06 DUE 12/31/2049 8.625 8,625 DUE 12/31/49 el DUE 12/31/2049 8,625 oS DUE 12/31/2049 8,625 DELIVERED JOURNAL JOURNAL RECEIVED 293213 DELIVERED 027 08/31/02;12:57 001 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 27, 2002 THROUGH August 30, 2002 account numccr (S TAXPAYER NUMBER On File LAST STATEMENT July 26, 2002 VS66 EFTA00196343

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 8 of9 Transaction Detail (continued) MISCELLANEOUS (continued) DATE MONDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 08/08/02 DELIVERED ADP CD 21,168,000.00 DUE 12/31/2049 8,625 Tl DUE 12/31/2049 8.625 ‘aoe co DUE 12/31/2049 8,625 8,625 ‘il - - 377506 (600.66 RECEIVED ADP CD 15,956.26 DUE 12/31 (2049 8.625 8,625 D’ FITM-PR DELIVERED DUE 12/31 (2049 8.625 ‘aoe co . ‘ $°400:000:00 DUE 12/31/2049 8,625 8,625 a i: - DUE 12/31 (2049 8.625 8.625 DU 102 RECEIVED 027 08/31/02;12:57 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp One Metrotech Center North Brooklyn, New York 11201-2859 FINANCIAL TRUST CO INC STATEMENT PERIOO July 27, 2002 THROUGH August 30, 2002 account numccr (S TAXPAYER NUMBER On File LAST STATEMENT — July 26, 2002 EFTA00196344

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns 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 a FINANCIAL TRUST CO INC 9 of9 STATEMENT PERIOO July 27, 2002 THROUGH August 30, 2002 Transaction Detail (continued) ACCOUNT NUMBER ; TAXPAYER NUMBER On File MISCELLANEOUS {continued) LAST STATEMENT July 26, 2002 DATE MO'DAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 08/30/02 DELIVERED ADP CD 21,506,000.00 DUE 12/31/2049 8.625 8,625 _ pea TOTAL $-94,748,300.00 $110,150,262.74 Trades Executed Pending Settlement SETTLEMENT TRADE DATE OATE TRANSACTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT T AMOUNT 09, 07/19/02 BOUGHT FNMA-30YA(FNMA) GTD 25,000,000.00 100.2968 25,074,218.75 DUE 09/01/2032 06,000% REF # 07/19/02 CANCEL BUY FNMA-3O0YA(FNMA) GTD 25,000,000.00 100.2968 25,074,218.75 SETT,09/02 DUE 09/01/2032 06,0005 REF # AS OF 07/19/02 09/16/02 2 BOUGHT FNMA-SOVA(FNMA) GTD _ ——_—"25'500'500'o0 100.2968 25,074,218.75 SETT,09102 DUE 09/01/2032 06,000% REF # AS OF 07/19/02 TOTAL $50,148,437.50 $25,074,218.75 The above trades do not appear in any other section of this statement 027 08/31/02;12:57 001 VE6E EFTA00196345

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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 sscssssscsssersecasecreniaee Your Portfolio Holdings . Transaction Detail ... Trades Not Yet Settled aos. wow 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 June 29, 2002 THROUGH July 26, 2002 account xumccr = Hasalbssbeelslsssahil TAXPAYER NUMBER On File FINANCIAL TRUST CO INC oer stares C/O JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Market Value of Your Portfolio NET CREDIT BALANCE 241,409 Cash & Equivalent ee $241,409 NET EQUITY THIS PERIOD $241,409 NET EQUITY LAST STATEMENT I CHANGE SINCE LAST STATEMENT 241,409 There are no "Stop Loss’ orders or other pending buy or sell open orders on file for your account. HE oCurrent market value fH 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 formation. oz? 07/27/02;16:57 001 vS65 EFTA00196346

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2 of 5 STATEMENT BACKER IS PRINTED ON THIS PAGE 07/27/02;16:57 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC EFTA00196347

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS — Cash Flow Analysis THIS PERIOD OpeningBalance || Miscellaneous 74,792,101.18 $74,792,101.18 Amount Credited Miscellaneous -74,550,691.82 Amount Debited $-74,550,691.82 Net Cash Activity 241,409.36 3 of Cash Balance Summary OPENING CLOSING Margin | | 241,409.36 Net Cash Balance HO s$:241.409.36 Portfolio Composition Cash/Cash Equivalent 241,409 Your Portfolio Holdings CASH & CASH EQUIVALENTS NANRKET ESTIMATED CURRENT DESCRIPTION SYMBOLICUSIP PRICE VALUE ANNUAL INCOME YIELD [%4} CASH BALANCE 241,409 TOTAL CASH & CASH EQUIVALENTS $241,409 YOUR PRICED PORTFOLIOHOLDINGS $241,409 02? 07/27/02;16:57 001 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 29, 2002 THROUGH July 26, 2002 account numccr (S TAXPAYER NUMBER On File 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 portioiio. VS65 EFTA00196348

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 405 Transaction Detail MISCELLANEOUS DATE MOVDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 07, JOURNAL 021-52128 07/16/02 JOURNAL FITM -PR ADJ A’O 7/12 25,000,000.00 nn azazrenuinercenann 04s suannegpgpeazpperen tua DUE 12/31/2049 8,625 icin Abe Co DUE 12/31/2049 8.625 DELIVERED DUE 12/31/2049 8,625 8.625 D IRAE FITM-PR om rents ADP CD 24,769,345.91 DUE 12/31/2049 8.625 JOURNAL RECEIVED DUE 12/31/2049 8.625 8,625 DUE 12/31/49 02” DELIVERED ADP CD 24.781,345.91 DUE 12/31/2049 8,625 8,625 DU AR FIDM-PA TOTAL $-74,550,691.82 $74,792.101.18 07, 027 O7/27/02;16:57 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp One Metrotech Center North Brooklyn, New York 11201-2859 FINANCIAL TRUST CO INC STATEMENT PERIOO June 29, 2002 THROUGH ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT & duly 26, 2002 On File EFTA00196349

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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 29, 2002 THROUGH July 26, 2002 . accout xumccr Trades Executed Pending Settlement TAXPAYER NUMBER On File LAST STATEMENT SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 07/30/02 07/19/02 LOAN M 100.000,000.00 3.4687 3,510,416.67 SERIES 2471CLASS YT 09/13/02 07/19/02 BOUGHT FNMA-30YA(FNMA) GTD 25,000,000.00 100.2968 25,074,218.75 75 SETT,09/02 09/16/02 07/19/02 BOUGHT FNMA-30YA(FNMA) GTD 25,000,000.00 100.2968 25,074,218.75 SETT,09/02 TOTAL $53.658,854.17 $25.074,218.75 The above tades do not appear in any other section of this statement. (stor) **e*** End of Statement™***** \ A 027 07/27102;16:57 001 565 EFTA00196350