Statements EFTA00196419

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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 Messages .... 1 FINANCIAL TRUST CO INC 2 ATT F,l, CLEARING SERVICES 1 METROTECH CENTER N C/O OFFICE Income Summary THIS PERICO YEAR TO DATE 102,332.50 $102,332.50 Govt. Agency Int. 0.00 Total $0.00 Repurchase and Reverse Repurchase Transactions with Bear,Stearnsand Co. Inc. outstanding as of date of statement PURCHASE) REPURCHASE PRICING PURCHASE PRICE! ACCAUED REPO START DATE DATE RATE PRINCIPAL INTEREST* YOU PROVIDED (MARGIN) 10/23/03 OPEN 0.000 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $0 $0 QUANTITY (FACE AMOUNT) -8,345,000 CUSIP DESCRIPTION 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. FEDERAL HOME LOAN MTG CORP SERIES 2530 CLASS SE 6.2375 02/15/32 December 31,2003 November 28, 2003 "As of statement date 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 01/01/04;12:17 001 vais EFTA00196420

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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 11201-2859 New York New York 10179 a STEARNS — FINANCIAL TRUST CO INC 2 of3 STATEMENT PERIOD November 29, 2003 THROUGH December 31,2003 accor wuuccr TAXPAYER NUMBER On File Your messages LAST STATEMENT November 28, 2003 ‘i 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, **ee** End of Statement™***** o27 01/01/04;12:17 001 vars EFTA00196421

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3 of3 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 EFTA00196422

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Soar, Stowme Seouritios Con Bear, Stearns & Co. Inc. One Metratech Centar North BEAR 383 Madison Avenue Brocklyn, New York 11201-2859 STEARNS New York, New York 10179 | | FINANCIAL TRUST CO INC ACCOUNT EXECUTIVE GNMA GOVT BOND STATEMENT PERIOD November 1, 2003 VISIT OUR WEBSITE wow.bearstearns.com THROUGH November 28, 2003 : . account numccr = What’s In This Statement TAXPAYER NUMBER On File LAST STATEMENT October 31,2003 1 FINANCIAL TRUST CO INC ATT F.1, CLEARING SERVICES 1 METROTECH CENTER N C/O OFFICE Financial Summary ., Income Summary THIS PERICO YEAR TO DATE Govt. Agency Int. 0.00 102,332.50 Total $0.00 $102,332.50 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 DATE RATE PRINCIPAL INTEREST” (FACE AMOUNT) cusP DESCRIPTION YOU PROVIDED FEDERAL HOME LOAN MTG CORP (MARGIN) 10/23/03 OPEN 0.000 -8,345,000 SERIES 2530 CLASS SE 6.2800 02/15/32 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $0 $0 "As of statement date This summary is for informational purposes only. It Is not intended as a tax document This statement should be retained for your records. See reverse side for important information 027 11/2903;08:43 001 vara EFTA00196423

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2 of2 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 EFTA00196424

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Soar, Stowne Seounitioe Con Bear, Stearns & Co. Inc. One Metratech Centar North BEAR 383 Madison Avenue Brocklyn, New York 11201-2859 STEARNS New York, New York 10179 | | FINANCIAL TRUST CO INC ACCOUNT EXECUTIVE GNMA GOVT BOND STATEMENT PERIOD October 1, 2003 VISIT OUR WEBSITE wow.bearstearns.com THROUGH October 31,2003 : . account numccr = What’s In This Statement TAXPAYER NUMBER On File LAST STATEMENT September 30, 2003 1 FINANCIAL TRUST CO INC ATT F.1, CLEARING SERVICES 1 METROTECH CENTER N C/O OFFICE Financial Summary ., Income Summary THIS PERICO YEAR TO DATE Govt. Agency Int. 0.00 102,332.50 Total $0.00 $102,332.50 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 DATE RATE PRINCIPAL INTEREST” (FACE AMOUNT) cusP DESCRIPTION YOU PROVIDED FEDERAL HOME LOAN MTG CORP (MARGIN) 10/23/03 OPEN 0.000 -8,345,000 SERIES 2530 CLASS SE 6.2800 02/15/32 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $0 $0 "As of statement date This summary is for informational purposes only. It Is not intended as a tax document This statement should be retained for your records. See reverse side for important information 027 11/01/03;13:38 001 vara EFTA00196425

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2 of2 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 EFTA00196426

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BEAR STEARNS GNMA GOVT BOND wew.bearstearns.com ACCOUNT EXECUTIVE VISIT OUR WEBSITE What’s In This Statement Financial Summary .. Income Summary THiS PERICO 0.00 Govt. Agency Int. Total Repurchase and Reverse Repurchase Transactions with Bear,Stearnsand Co. Inc. outstanding as of date of statement PURCHASE! START DATE YOU PROVIDED (MARGIN) REPURCHASE DATE 08/04/03 OPEN TOTAL REVERSE REPURCHASE TRANSACTIONS TOTAL REPURCHASE TRANSACTIONS $0.00 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 YEAR TO DATE 102,332.50 $102,332.50 PRICING PURCHASE PRICE! RATE PRINCIPAL 0.000 $0 $0 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 nuvecr TAXPAYER NUMBER On File August 29, 2003 THROUGH LAST STATEMENT FINANCIAL TRUST CO INC ATTN LIZ LYNETT 1 METROTECH CTR NR 7TH FL C/O OFFICE 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. ACCAUED REPO QUANTITY WNTEREST* (FACE AMOUNT) cUsP DESCRIPTION FEDERAL HOME LOAN MTG CORP -60,000,000 SERIES 2530 CLASS SE_ 6.2800 02/15/32 $0 $0 "As of statement date This summary is for informational purposes only. It Is not intended as a tax document This statement should be retamed for your records. See reverse side for important information 027 10/01/03;10:84 001 EFTA00196427

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2 of2 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 EFTA00196428

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BEAR STEARNS ACCOUNT EXECUTIVE VISIT OUR WEBSITE GNMA GOVT BOND ww.bearstearns.com What’s In This Statement Financial Summary Transaction Detail Cash Flow Analysis Securities Sold Dividends/Interest Miscellaneous Amount Credited Dividends/Interest Charged Miscellaneous OpeningBalance OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 THIS PERIOD $0.00 380,596.70 7,309.46 14,618.92 $402,525.08 -395,215.62 Closing Balance $0.00 FINANCIAL TRUST CO INC ATTN LIZ LYNETT 1 METROTECH CTR NR 7TH FL C/O OFFICE Income Summary THiS PERIOD YEAR TO DATE Govt. Agency Int. 0.00 102,332.50 -_ AO D 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 July 26, 2003 August 29, 2003 accout 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. ‘Ths statemem should be retamed for your records See reverse side for important imformation. 027 (08/30'03;13:16 001 va12 EFTA00196429

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 2 of 4 Repurchase and Reverse Repurchase Transactions with Bear, Stearnsand Co. Inc. outstanding as of date of statement 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 August 29, 2003 account numccr (S TAXPAYER NUMBER On File THROUGH LAST STATEMENT duly 25, 2003 PURCHASE, REPURCHASE PRICING PURCHASE PRICE! ACCAUED REPO QUANTITY START DATE DATE RATE PRINCIPAL INTEREST” (FACE AMOUNT) cusIP DESCRIPTION YOU PROVIDED FNMA-SMBS PRINCIPAL ONLY (MARGIN) 07/24/03 OPEN 0.000 5,000,000 [RJ series 322 class po 03/01/32 YOU PROVIDED FEDERAL HOME LOAN MTG CORP (MARGIN) 08/04/03 _ OPEN 0.000 -60,000,000 SERIES 2530 CLASS SE_ 6.2900 02/15/32 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $0 $0 “As of statement date Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 08/25/03 PRINCIPAL FEDERAL NATIONAL MTG ASSN 380,596.70 STRIP MTG SERIES 322 CL PO 0,001 DUE 03/01/32 PRIN A/D 07-03 P/D 08-25-03 REPOP&! 0.0000 TOTAL $380,596.70 027 (08/3003;13:15 001 vai2 EFTA00196430

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Con Bear, Stearns & Co. Inc. One Mebane preg hers 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST CO INC 3 of4 STATEMENT PERIOD THROUGH Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER NUMBER INTEREST LAST STATEMENT DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (%) CEBIT AMOUNT CREDIT AMOUNT 08/15/03 FEDERAL HOME LOAN MTG CORP 1.0000 7,309.46 SERIES 2471 CLASS YT QUE 03/15/2032 1,000 INT A/D 07-03 P/D 08-15-03 REPOP&! 1,0000 SERIES 2471 CLASS YT DUE 03/15/2032 1,000 REV 8-15 INT PD 021-52128 TOTAL $-7.309.46 $7,309.46 08/18/03 MISCELLANEOUS DATE MOVDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 08/18/03 JOURNAL FEDERAL HOME LOAN MTG CORP 7,309.46 SERIES 2471 CLASS YT 1,000 DUE 03/15/32 P&l TRNFR SERIES 2471 CLASS YT 1,000 DUE 03/15/32 P&l TRNFR SERIES 2471 CLASS YT 1,000 DUE 03/15/32 P&l TRNFR ADJ, DUPE STRIP MTG SERIES 322 CL PO 0,001 DUE 03/01/32 P&l TRNFR TOTAL $-395,215.62 $14,618.92 027 (08/3003;13:15 001 vai2 July 26, 2003 August 29, 2003 On File July 25, 2003 EFTA00196431

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4 oa 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 EFTA00196432

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR STEARNS ACCOUNT EXECUTIVE VISIT OUR WEBSITE 383 Madison Avenue GNMA GOVT BOND ww.bearstearns.com What’s In This Statement Financial Summary 1 Transaction Detail 2 Cash Flow Analysis THIS PERIOD OpeningBalance $0.00 Dividends/Interest 8,098.47 Amount Credited $8,098.47 Miscellaneous -8.098.47 New York, New York 10179 FINANCIAL TRUST CO INC ATTN LIZ LYNETT 1 METROTECH CTR NR 7TH FL C/O OFFICE Income Summary THIS PERIOD Govt. Agency Int. 8,098.47 Total ssevreeeeessesseereeeeresner eee ee ances This summary is for informational purposes only. It Is not intended as a tax document YEAR TO DATE 102,332.50 10233250 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 ACCOUNT NUMBER LAST STATEMENT ‘Ths statemem should be retained for your records See reverse side for important imformation. 027 07/26/03;10:08 001 July 25, 2003 TAXPAYER NUMBER On File dune 27, 2003 EFTA00196433

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 Repurchase and Reverse Repurchase Transactions 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 June 28, 2003 July 25, 2003 account numccr (S TAXPAYER NUMBER On File THROUGH with Bear, Stearnsand Co. Inc. outstanding as of date of statement LAST STATEMENT June 27, 2003 PURCHASE, REPURCHASE PRICING PURCHASE PRICEY ACCAUED REPO QUANTITY START DATE DATE RATE PRINCIPAL INTEREST" (FACE AMOUNT) cusIP DESCRIPTION YOU PROVIDED FNMA-SMBS PRINCIPAL ONLY MARGIN 07/24/03 _ OPEN 0.000 -5,000,000 SERIES 322 CLASS PO 03/01/32 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $0 $0 “As of statement date Transaction Detail INTEREST DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (%) CEBIT AMOUNT CAEDIT AMOUNT 07/15/03 FEDERAL HOME LOAN MTG CORP | 1.0000 8,098.47 SERIES 2471 CLASS YT DUE 03/15/2032 1,000 INT A/D 06-03 P/D 07-15-03 REPOP&l 1.0000 TOTAL $8,098.47 027 07/26/03;10:09 001 vant EFTA00196434

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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 Le FINANCIAL TRUST CO INC 3 of4 STATEMENT PERIOO June 28, 2003 THROUGH July 25, 2003 Transaction Detail (continued) account numccr = TAXPAYER NUMBER On File MISCELLANEOUS LAST STATEMENT —_ June 27, 2003 DATE MO'DAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 07/16/03 JOURNAL FEDERAL HOME LOAN MTG CORP 8,098.47 SERIES 2471 CLASS YT 1,000 DUE 03/15/32 P&l TRNFR TOTAL $-8,098.47 (stor) ****** End of Statement™***** oz? 07/26103;10:09 001 vant EFTA00196435

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4 oa 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 EFTA00196436

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BEAR STEARNS ACCOUNT EXECUTIVE VISIT OUR WEBSITE GNMA GOVT BOND ww.bearstearns.com What’s In This Statement Financial Summary Transaction Detail Cash Flow Analysis OpeningBalance OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 THIS PERIOD $0.00 Dividends/Interest Miscellaneous 8,744.25 8,744.25 Amount Credited Miscellaneous $17,488.50 -17,488.50 FINANCIAL TRUST CO INC ATTN LIZ LYNETT 1 METROTECH CTR NR 7TH FL C/O OFFICE Income Summary THS PERIOD YEAR TO DATE Govt. Agency Int. 8,744.25 Total $8,744.25 94,234.03 one 234.03 This summary is for informational purposes only. It Is not 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 May 31, 2003 THROUGH June 27, 2003 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT May 30, 2003 ‘Ths statemem should be retamed for your records. See reverse side for important information 027 (06/28/03;11:28 001 EFTA00196437

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, 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 2 of4 STATEMENT PERIOD May 31,2003 THROUGH June 27, 2003 . account numccr = Repurchase and Reverse Repurchase Transactions TAXPAYER NUMBER On File with Bear, Stearnsand Co. Inc. outstanding as of date of statement LAST STATEMENT May 30, 2003 PURCHASE, REPURCHASE PRICING PURCHASE PRICEY ACCAUED REPO QUANTITY START DATE DATE RATE PRINCIPAL INTEREST" (FACE AMOUNT) cusIP DESCRIPTION YOU PROVIDED FEDERAL HOME LOAN MTG CORP MARGIN 03/28/03 _ OPEN 0.000 -15,000,000 SERIES 2471 CLASS YT 1.0000 03/15/32 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $0 $0 “As of statement date Transaction Detail INTEREST DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (%) CEBIT AMOUNT CAEDIT AMOUNT 06/16/03 FEDERAL HOME LOAN MTG CORP | 1.0000 8,744.25 SERIES 2471 CLASS YT DUE 03/15/2032 1,000 INT A/D 05-03 P/D 06-15-03 REPOP&l 1.0000 TOTAL $8,744.25 MISCELLANEOUS DATE MODAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 06/17/03 JOURNAL FEDERAL HOME LOAN MTG CORP 8,744.25 SERIES 2471 CLASS YT 1,000 DUE 03/15/32 P&l TRNFR 027 (06/28/03;11:38 001 vaos EFTA00196438

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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 fl Le FINANCIAL TRUST CO INC 3 of4 STATEMENT PERIOD May 31, 2003 THROUGH June 27, 2003 Transaction Detail (continued) account numccr = TAXPAYER NUMBER On File MISCELLANEOUS (continued) LAST STATEMENT = May 30, 2003 DATE MODAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 06/17/03 JOURNAL FEDERAL HOME LOAN MTG CORP 8,744.25 SERIES 2471 CLASS YT 1,000 DUE 03/15/32 P&l TRNFR SERIES 2471 CLASS YT 1,000 DUE 03/15/32 P&l TRNFR ADJ. TOTAL $-17,488.50 $8.744.25 f_™ (stop) **e*** End of Statement™***** VY oz? 06/28103;11:38 001 vas EFTA00196439

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4 oa 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 EFTA00196440

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR STEARNS ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE ww.bearstearns.com 383 Madison Avenue What’s In This Statement Financial Summary 1 Transaction Detail 2 Cash Flow Analysis THIS PERIOD OpeningBalance $0.00 Dividends/Interest 9,543.16 Amount Credited $9,543.16 Miscellaneous Closing Balance New York, New York 10179 FINANCIAL TRUST CO INC ATTN LIZ LYNETT 1 METROTECH CTR NR 7TH FL C/O OFFICE Income Summary THS PERIOD YEAR TO DATE Govt. Agency Int. 9,543.16 85,489.78 TORR peerceretet meen ee ___ 585,488.78 This summary is for informational purposes only. It Is not 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 April 26,2003 THROUGH May 30, 2003 account nuvecr TAXPAYER NUMBER On File LAST STATEMENT April 25, 2003 ‘Ths statemem should be retamed for your records See reverse side for important information. 027 (06/31/03;15:20 001 EFTA00196441

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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 2 off STATEMENT PERIOD April 26,2003 THROUGH May 30, 2003 i a Repurchase and Reverse Repurchase Transactions secon woes TAXPAYER NUMBER On File with Bear, Stearnsand Co. Inc. outstanding as of date of statement LAST STATEMENT — April 25, 2003 PURCHASE, REPURCHASE PRICING PURCHASE PRICEY ACCAUED REPO QUANTITY START DATE DATE RATE PRINCIPAL INTEREST" (FACE AMOUNT) cusIP DESCRIPTION YOU PROVIDED FEDERAL HOME LOAN MTG CORP MARGIN 03/28/03 _ OPEN 0.000 -15,000,000 SERIES 2471 CLASS YT 1.0000 03/15/32 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $0 $0 “As of statement date Transaction Detail INTEREST DATE DESCRIPTION SYMBOUCUSIF QUANTITY RATE (%) OEBIT AMOUNT CREDIT AMOUNT 05/15/03 FEDERAL HOME LOAN MTG CORP | 1.0000 9,543.16 RPA 1S sO oe 83 iD REPOP&! 1.0000 TOTAL $9,543.16 MISCELLANEOUS DATE MONDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 05/16/03 JOURNAL FEDERAL HOME LOAN MTG CORP 9,543.16 SERIES 2471 CLASS YT 1,000 DUE 03/15/32 P&l TRNFR TOTAL $-9,543.16 027 06/31/03;15:20 001 Weds EFTA00196442

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3 of3 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 EFTA00196443

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BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC ACCOUNT EXECUTIVE GNMA GOVT BOND STATEMENT PERIOD March 29,2003 VISIT OUR WEBSITE ww.bearstearns.com THROUGH April 25, 2003 account xumccr = What’s In This Statement TAXPAYER NUMBER On File Financial Summary 1 FINANCIAL TRUST CO INC LAST STATEMENT March 28, 2003 Transaction Detail 2 ATTN LIZ LYNETT 1 METROTECH CTR NR 7TH FL C/O OFFICE Cash Flow Analysis Income Summary THis PERIOD THis PERIOD YEAR TO DATE OpeningBalance $0.00 Govt. Agency Int. 10,096.24 75,946.62 Dividends/Interest 30,288.71 Total asossnsesnssossnsereesnnetnt toto oes assests eee Miscellaneous 20,192.47 Amount Credited $50,481.18 Dividends/Interest Charged -20,192.47 Miscellaneous -30,288.71 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 (04/26/03;11:48 001 EFTA00196444

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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 | | FINANCIAL TRUST CO INC 2 ofa STATEMENT PERIOO March 29, 2003 THROUGH April 25, 2003 i a Repurchase and Reverse Repurchase Transactions secon woes TAXPAYER NUMBER On File with Bear, Stearnsand Co. Inc. outstanding as of date of statement LAST STATEMENT — March 28, 2003 PURCHASE, REPURCHASE PRICING PURCHASE PRICEY ACCAUED REPO QUANTITY START DATE DATE RATE PRINCIPAL INTEREST" (FACE AMOUNT) cusIP DESCRIPTION YOU PROVIDED FEDERAL HOME LOAN MTG CORP MARGIN 03/28/03 _ OPEN 0.000 -15,000,000 SERIES 2471 CLASS YT 1.0000 03/15/32 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $0 $0 “As of statement date Transaction Detail INTEREST DATE DESCRIPTION SYMBOUCUSIF QUANTITY RATE [%} DEBIT AMOUNT CREDIT AMOUNT 04/15/03 FEDERAL HOME LOAN MTG CORP 1.0000 20,192.47 PER ALY®® Nooo RE 9 rag 15-9 sun SERIES 2471 CLASS YT. REY ENTRY BiS'ar15 ':°°° RNR Tow TOTAL $-20,192.47 $30,288.71 027 04/26/03;11:48 001 v643 EFTA00196445

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 3 of4 Transaction Detail (continued) MISCELLANEOUS DATE MOVDAY TRANSACTION DESCRIFTION DEBIT AMOUNT CREDIT AMOUNT 04/16/03 JOURNAL FEDERAL HOME LOAN MTG CORP 20,192.47 SERIES 2471 CLASS YT 1,000 DUE 03/15/32 INT 021-92128 TO 021-52128 FEDERAL HOME LOAN MTG CORP 10,096.24 SERIES 2471 CLASS YT 1,000 DUE 03/15/32 INT 021-92128 TO 021-52128 04/21/03 JOURNAL FEDERAL HOME LOAN MTG CORP 20,192.47 SERIES 2471 CLASS YT 1,000 DUE 03/15/32 REVERSE 4/16 ENTRY TOTAL $-30,288.71 $20,192.47 / (stor ****** End of Statement*™***** VY 027 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 STATEMENT PERIOD March 29, 2003 THROUGH April 25, 2003 accout Nuecr TAXPAYER NUMBER On File LAST STATEMENT March 28, 2003 v643 EFTA00196446

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4 oa 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 EFTA00196447

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BEAR STEARNS ACCOUNT EXECUTIVE VISIT OUR WEBSITE GNMA GOVT BOND ww.bearstearns.com What’s In This Statement Financial Summary Transaction Detail Cash Flow Analysis OpeningBalance OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 THIS PERIOD $0.00 Dividends/Interest Miscellaneous 21,211.17 21,211.17 Amount Credited Miscellaneous $42,422.34 ~42,422.34 FINANCIAL TRUST CO INC ATTN LIZ LYNETT 1 METROTECH CTR NR 7TH FL C/O OFFICE Income Summary THiS PERIOD 21,211.17 Govt. Agency Int. Total This summary is for informational purposes only. It Is not intended as a tax document $21,201.17 YEAR TO DATE 65,850.38 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 March 28, 2003 accout nuvecr TAXPAYER NUMBER On File February 28,2003 THROUGH LAST STATEMENT ‘Ths statemem should be retamed for your records See reverse side for important information. 027 (0a/29/03;10:84 001 EFTA00196448

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a Repurchase and Reverse Repurchase Transactions with Bear, Stearnsand Co. Inc. outstanding as of date of statement 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 account numccr (S TAXPAYER NUMBER On File LAST STATEMENT February 28, 2003 PURCHASE, REPURCHASE PRICING PURCHASE PRICEY ACCAUED REPO QUANTITY START DATE DATE RATE PRINCIPAL INTEREST" (FACE AMOUNT) cusP DESCRIPTION YOU PROVIDED FEDERAL HOME LOAN MTG CORP MARGIN 03/28/03 _OPEN 0.000 -15,000,000 SERIES 2471 CLASS YT 1.0000 03/15/32 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $0 $0 “As of sintement date Transaction Detail INTEREST DATE CESCRIPTION SYMBOUCUSIF QUANTITY RATE (%) OEBIT AMOUNT CREDIT AMOUNT 03/17/03 FEDERAL HOME LOAN MTG CORP | 1.0000 21,211.17 Z1CLASS YT Re ae. 0,08. REPOP&! 1.0000 TOTAL $21,211.17 MISCELLANEOUS DATE MO'DAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 03/18/03 JOURNAL FEDERAL HOME LOAN MIG CORP 21,211.17 SERIES 2471 CLASS YT 1,000 DUE 03/15/32 P&l TRNFR (0a/2903;10:54 001 W642 EFTA00196449

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 3 of4 Transaction Detail (continued) MISCELLANEOUS (continued) DATE MONDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 03/18/03 JOURNAL FEDERAL HOME LOAN MTG CORP 21,211.17 SERIES 2471 CLASS YT 1,000 DUE 03/15/32 RECLASS Pal SERIES 2471 CLASS YT 1,000 DUE 03/15/32 P&l TRNFR TOTAL $-42,422.34 $21,211.17 / (stor ****** End of Statement*** A —/ 027 (04/2903;10:84 001 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 1, 2003 THROUGH March 28, 2003 accout Nuecr TAXPAYER NUMBER On File LAST STATEMENT February 28, 2003 W642 EFTA00196450

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4 oa 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 EFTA00196451

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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 ww.bearstearns.com What’s In This Statement Financial Summary 1 Transaction Detail 2 Cash Flow Analysis THIS PERIOD OpeningBalance $0.00 Dividends/Interest 21,900.95 Amount Credited $21,900.95 Miscellaneous -21,900.95 Closing Balance FINANCIAL TRUST CO INC ATTN LIZ LYNETT 1 METROTECH CTR NR 7TH FL C/O OFFICE Income Summary THS PERIOD YEAR TO DATE Govt. Agency Int. 21,900.95 44,639.21 -_ L oeey This summary is for informational purposes only. It Is not 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 PERIOO February 1, 2003 THROUGH February 28, 2003 accout nuecr TAXPAYER NUMBER On File LAST STATEMENT January 31, 2003 ‘Ths statemem should be retamed for your records See reverse side for important information. 027 03/01/03;13:10 001 EFTA00196452

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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 2 off STATEMENT PERIOO February 1, 2003 THROUGH February 28, 2003 . account numccr = Repurchase and Reverse Repurchase Transactions TAXPAYER NUMBER On File with Bear, Stearnsand Co. Inc. outstanding as of date of statement LAST STATEMENT January 31, 2003 PURCHASE, REPURCHASE PRICING PURCHASE PRICEY ACCAUED REPO QUANTITY START DATE DATE RATE PRINCIPAL INTEREST" (FACE AMOUNT) cusIP DESCRIPTION YOU PROVIDED FEDERAL HOME LOAN MTG CORP MARGIN 10/16/02 _ OPEN -30,000,000 SERIES 2471 CLASS YT 1.0000 03/15/32 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $0 $0 “As of statement date Transaction Detail INTEREST DATE DESCRIPTION SYMBOUCUSIF QUANTITY RATE (%) OEBIT AMOUNT CREDIT AMOUNT 02/18/03 FEDERAL HOME LOAN MTG CORP | 1.0000 21,900.95 247) CLASS RET ae ont 88s REPOP &I 1.0000 TOTAL $21,900.95 MISCELLANEOUS DATE MO'DAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 02/19/03 JOURNAL FEDERAL HOME LOAN MTG CORP 21,900.95 SERIES 2471 CLASS YT 1,000 DUE 03/15/32 Pil TRANSFER TOTAL $-21,900.95 027 03/01/03;13:10 001 v641 EFTA00196453

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3 of3 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 EFTA00196454

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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 ww.bearstearns.com What’s In This Statement Financial Summary 1 Transaction Detail 2 Cash Flow Analysis THIS PERIOD OpeningBalance $0.00 Dividends/Interest 22,738.26 Amount Credited $22,738.26 Miscellaneous -22.738.26 Closing Balance FINANCIAL TRUST CO INC ATTN LIZ LYNETT 1 METROTECH CTR NR 7TH FL C/O OFFICE Income Summary THS PERIOD YEAR TO DATE Govt. Agency Int. 22,738.26 22,738.26 LT nT This summary is for informational purposes only. It Is not 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 January 1, 2003 THROUGH January 31, 2003 account Nuvecr TAXPAYER NUMBER On File LAST STATEMENT December 31, 2002 ‘Ths statemem should be retamed for your records See reverse side for important information. 027 02101/03;16:12 001 EFTA00196455

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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 2 off STATEMENT PERIOD January 1, 2003 THROUGH January 31, 2003 . account numccr = Repurchase and Reverse Repurchase Transactions TAXPAYER NUMBER On File with Bear, Stearnsand Co. Inc. outstanding as of date of statement LAST STATEMENT December 31, 2002 PURCHASE, REPURCHASE PRICING PURCHASE PRICEY ACCAUED REPO QUANTITY START DATE DATE RATE PRINCIPAL INTEREST" (FACE AMOUNT) cusIP DESCRIPTION YOU PROVIDED FEDERAL HOME LOAN MTG CORP MARGIN 10/16/02 _ OPEN -30,000,000 SERIES 2471 CLASS YT 1.0000 03/15/32 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $0 $0 “As of statement date Transaction Detail INTEREST DATE DESCRIPTION SYMBOUCUSIF QUANTITY RATE (%) OEBIT AMOUNT CREDIT AMOUNT 01/15/03 FEDERAL HOME LOAN MTG CORP | 1.0000 22,738.26 247) CLASS ee Ta aa eo 0." 88s REPOP&I — 1.0000 TOTAL $22,738.26 MISCELLANEOUS DATE MO'DAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 01/1603 JOURNAL FEDERAL HOME LOAN MTG CORP 22,738.26 SERIES 2471 CLASS YT 1,000 DUE 03/15/32 Pal TANFR TOTAL $-22,738.26 027 02101/03;18:12 001 vé40 EFTA00196456

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3 of3 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 EFTA00196457