Statements EFTA00196458

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE www.bearstearns.com FINANCIAL TRUST CO INC ATT F,|, CLEARING SERVICES 1 METROTECH CENTER N C/O OFFICE Repurchase and Reverse Repurchase Transactions with Bear, Stearns& Co.Inc. outstanding as of date of statement PURCHASE! REPURCHASE PRICING PURCHASE PRICEY ACCAUED REPO QUANTITY START DATE DATE RATE PRINCIPAL INTEREST" (FACE AMOUNT) YOU PROVIDED (MARGIN) 04/05/04 _ OPEN 0.000 -100,000,000 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $0 $0 "As of statement date (stor ****** End of Statement™***** 7 / \ —— This summary is for informational purposes only. It Is not intended as a tax document cus DESCRIPTION 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 October 1, 2004 THROUGH October 29, 2004 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT September 30, 2004 FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT 1.0000 03/15/32 ‘This statemem should be retained for your records. See reverse side for important information 10/3004;11:80 001 EFTA00196459

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2 of2 STATEMENT BACKER IS PRINTED ON THIS PAGE 10/30/04;11:80 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC vaes EFTA00196460

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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 Brocklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST CO INC ACCOUNT EXECUTIVE GNMA GOVT BOND STATEMENT PERKOO September 1, 2004 VISIT OUR WEBSITE www.bearstearns.com THROUGH September 30, 2004 accout Nuvecr TAXPAYER NUMBER On File LAST STATEMENT August 31,2004 FINANCIAL TRUST CO INC ATT F,1, CLEARING SERVICES 1 METROTECH CENTER N C/O OFFICE Repurchase and Reverse Repurchase Transactions with Bear, Stearns& Co.Inc. outstanding as of date of statement PURCHASE! REPURCHASE PRICING PURCHASE PRICEY ACCAUED REPO QUANTITY START DATE OATE RATE PRINCIPAL INTEREST" (FACE AMOUNT) cus DESCRIPTION YOU PROVIDED FEDERAL HOME LOAN MTG CORP (MARGIN) 04/05/04 OPEN 0.000 -100,000,000 SERIES 2471 CLASS YT_ 1.0000 03/15/32 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $0 $0 “As of statement date (stor **e*** End of Statement™***** 7 A \ —/ 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 10/01/04;07:49 001 vaea EFTA00196461

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2 of2 STATEMENT BACKER IS PRINTED ON THIS PAGE 10/01/04;07:49 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC vae3 EFTA00196462

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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 ACCOUNT EXECUTIVE GNMA GOVT BOND STATEMENT PERWOO July 31, 2004 VISIT OUR WEBSITE www.bearstearns.com THROUGH August 31,2004 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT July 30, 2004 FINANCIAL TRUST CO INC ATT FI, CLEARING SERVICES 1 METROTECH CENTER N C/O OFFICE Repurchase and Reverse Repurchase Transactions with Bear, Stearns& Co.Inc. outstanding as of date of statement PURCHASE! REPURCHASE PRICING PURCHASE PRICEY ACCAUED REPO QUANTITY START DATE OATE RATE PRINCIPAL INTEREST" (FACE AMOUNT) cus DESCRIPTION YOU PROVIDED FEDERAL HOME LOAN MTG CORP (MARGIN) 04/05/04 _ OPEN 0.000 -100,000,000 SERIES 2471 CLASS YT_1.0000 03/15/32 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $0 $0 "As of statement date (stor ****** End of Statement™***** 7 A \ —— 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 08/01/04;08:31 001 vae2 EFTA00196463

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2 of2 STATEMENT BACKER IS PRINTED ON THIS PAGE 08/01/04,06:31 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC vaé2 EFTA00196464

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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 Brockyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST CO INC ACCOUNT EXECUTIVE GNMA GOVT BOND STATEMENT PERIOO July 1, 2004 VISIT OUR WEBSITE wow.bearstearns.com THROUGH July 30, 2004 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT June 30, 2004 FINANCIAL TRUST CO INC ATT F,1, CLEARING SERVICES 1 METROTECH CENTER N C/O OFFICE Repurchase and Reverse Repurchase Transactions with Bear, Stearns& Co.Inc. outstanding as of date of statement PURCHASE! REPURCHASE PRICING PURCHASE PRICEY ACCAUED REPO QUANTITY START DATE OATE RATE PRINCIPAL INTEREST" (FACE AMOUNT) cus DESCRIPTION YOU PROVIDED FEDERAL HOME LOAN MTG CORP (MARGIN) 04/05/04 _ OPEN 0.000 -100,000,000 SERIES 2471 CLASS YT_ 1.0000 03/15/32 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $0 $0 "As of statement date (stor ****** End of Statement™***** 7 A \ ——/ 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 07/31/04,08:41 001 Vass EFTA00196465

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2 of2 STATEMENT BACKER IS PRINTED ON THIS PAGE 07/3110406:41 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC vasa EFTA00196466

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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 www.bearstearns.com ACCOUNT EXECUTIVE VISIT OUR WEBSITE What’s In This Statement Your Messages FINANCIAL TRUST CO INC ATT F,I, CLEARING SERVICES 1 METROTECH CENTER N C/O OFFICE Repurchase and Reverse Repurchase Transactions with Bear, Stearns& Co.Inc. outstanding as of date of statement PURCHASE: REPURCHASE PRICING PURCHASE PRICE! ACCAUED REPO QUANTITY START DATE DATE RATE PRINCIPAL INTEREST* (FACE AMOUNT) YOU PROVIDED (MARGIN) 04/05/04 _ OPEN 0.000 -100,000,000 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $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 May 29, 2004 June 30, 2004 account numccr TAXPAYER NUMBER On File May 28, 2004 THROUGH LAST STATEMENT CUSIP DESCRIPTION FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT 1.0000 03/15/32 "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 07/01/04;13:31 001 EFTA00196467

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New = New York 10179 BEAR STEARNS 2 of3 Your messages ‘i Notice Regarding a Change in The Statement of Interest Charges Pursuant to the “Truth-in-Lending” Rule 10 (b)-16 Regarding Short Sales And Marking-To-The-Market Effective no earlier than thirty (30) days from your receipt of this statement, we will compute interest regarding your short sales and marking-to-the market as follows: The credit that appears on your statement due to short sales (including short sales against the box) is offset by a debit of like amount because Bear Steams Securities has to borrow the same security in order to deliver it to the buying broker and has to provide its lender additional collateral of up to 105% of the settled short market value of the borrowed securities to secure such loan, This means that the debit balance on which interest is computed will be the difference between (i) up to 105% of the settled short market value of such short sales (across all currencies), which shall be calculated daily, and (ii) the proceeds of such short sales, ****** End 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 May 29, 2004 June 30, 2004 accout Nuecr TAXPAYER NUMBER On File THROUGH LAST STATEMENT May 28, 2004 Any short positions in your account will be kept "marked-to-the market", This means that periodically the balance maintained in the short account will be adjusted to equal the market value of the short securities, Securities that are priced below five dollars per share may be valued at five dollars per share for short marking-to-the market purposes, If a security has been sold short (or sold short against the box) and has appreciated in market price over the selling price, interest will be charged on the amount of appreciation; if it depreciates in market price, interest will be correspondingly reduced by the drop in value, The appreciation or depreciation of securities sold short will be determined by Bear Stearns Securities based upon daily closing prices or quotations provided by pricing services, as applicable, or upon such factors as Bear Stearns Securities in its sole judgement deems pertinent. Please note that the other sections of the "Truth-in-Lending” disclosure previously provided to you remain unchanged. 027 07/01/04;13:31 001 Vva32 EFTA00196468

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3 of3 STATEMENT BACKER IS PRINTED ON THIS PAGE 07/01/04;13:31 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC vaa2 EFTA00196469

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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 Brocklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST CO INC ACCOUNT EXECUTIVE GNMA GOVT BOND STATEMENT PERIOD May 1, 2004 VISIT OUR WEBSITE www.bearstearns.com THROUGH May 28, 2004 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT April 30, 2004 FINANCIAL TRUST CO INC ATT F,|, CLEARING SERVICES 1 METROTECH CENTER N C/O OFFICE Repurchase and Reverse Repurchase Transactions with Bear, Stearns& Co.Inc. outstanding as of date of statement PURCHASE! REPURCHASE PRICING PURCHASE PRICEY ACCAUED REPO QUANTITY START DATE DATE RATE PRINCIPAL INTEREST" (FACE AMOUNT) cus DESCRIPTION YOU PROVIDED FEDERAL HOME LOAN MTG CORP (MARGIN) 04/05/04 _ OPEN 0.000 -100,000,000 SERIES 2471 CLASS YT_ 1.0000 03/15/32 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $0 $0 "As of statement date (stor ****** End of Statement™***** 7 A \ —/ 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 (06/2904;12:22 001 vaa1 EFTA00196470

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2 of2 STATEMENT BACKER IS PRINTED ON THIS PAGE (06/29104;12:32 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC EFTA00196471

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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 FINANCIAL TRUST CO INC ATT F,|, CLEARING SERVICES 1 METROTECH CENTER N C/O OFFICE Repurchase and Reverse Repurchase Transactions with Bear, Stearns& Co.Inc. outstanding as of date of statement PURCHASE! REPURCHASE PRICING PURCHASE PRICEY ACCAUED REPO QUANTITY START DATE DATE RATE PRINCIPAL INTEREST" (FACE AMOUNT) YOU PROVIDED (MARGIN) 04/05/04 OPEN 0.000 -100,000,000 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS $0 $0 cus DESCRIPTION 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 April 1, 2004 THROUGH April 30, 2004 account Nuvecr TAXPAYER NUMBER On File LAST STATEMENT January 30, 2004 FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT 1.0000 03/15/32 "As of statement date STOP ***e** End of Statement*** 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 05/01/04;13:17 001 v830 EFTA00196472

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC 2 of2 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 05/01/04:13:17 O01 v830 EFTA00196473

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BEAR STEARNS ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE www.bearstearns.com What’s In This Statement Your Messages OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 FINANCIAL TRUST CO INC ATT F,1, CLEARING SERVICES 1 METROTECH CENTER N C/O OFFICE Repurchase and Reverse Repurchase Transactions with Bear, Stearnsand Co. Inc. outstanding as of date of statement PURCHASE! REPURCHASE PRICING PURCHASE PRICE! START DATE DATE RATE PRINCIPAL YOU PROVIDED (MARGIN) 10/23/03 OPEN 0.000 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 TOTAL REPURCHASE TRANSACTIONS $0 ACCAUED REPO QUANTITY INTEREST" (FACE AMOUNT) -8,345,000 $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 January 1, 2004 THROUGH January 30, 2004 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT December 31, 2003 FEDERAL HOME LOAN MTG CORP SERIES 2530 CLASS SE 6.3000 02/15/32 "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 01/31/04,08:20 001 va24 EFTA00196474

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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 2 of3 STATEMENT PERIOD January 1, 2004 THROUGH January 30, 2004 account nuvecr TAXPAYER NUMBER On File Your messages LAST STATEMENT December 31, 2003 ie Excess SIPC Account Protection Update Effective February 16, 2004, the commercial insurer through which Bear, Steams Securities Corp, obtains excess SIPC protection will change to Customer Asset Protection Company (‘CAPCO"), a New York licensed insurance company, CAPCO has an A+ financial strength rating from Standard and Poor's, STOP: ****** End of Statement™***** \—/ 027 01/31/04,09:20 001 va2s EFTA00196475

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3 of3 STATEMENT BACKER IS PRINTED ON THIS PAGE 01/31/04,09:20 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC EFTA00196476