Statements EFTA00196656

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New = New York 10179 BEAR STEARNS ACCOUNT EXECUTIVE ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE www.bearstearns.com What's In This Statement Masalbosseslllnadil Financial Summary , 3 FINANCIAL TRUST COMPANY INC Your Portfolio Holdings . . 4 C/O AMERICAN YACHT HARBOR * Transaction Detail ...usesseeeenees 5 6100 RED HOOK SUITE B-3 Trades Not Yet Settled . 7 QUARTERS #2 Your Messages 7 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio $672,183 TOTAL VALUE OF SECURMIES THIS PERIOD 39,407,916 Sah & Equivalent 9 Cee NET CREDIT BALANCE 672,183 $39,407,916 NET EQUITY THIS PERIOD $40,080,099 sueseutensuteenssssauuteenneneanensauenessssaeanansonseeen suo HE Current market value NET EQUITY LAST STATEMENT 39,725,998 HE Last statements market value CHANGE SINCE LAST STATEMENT 354,101 There are no "Stop Loss” orders or other pending buy or sell open orders on file for your account. Ploase mport any difference cr noe-roceigt of checks or stocks, indicated as delivered to you, © Client Senices at 800-624-1428; or write to Clam Services at Bear, Steams Securitios Corp., One Metrolech Center North, Brooklyn, N.Y. 11201-3859, ‘This summary 5 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 COMPANY INC STATEMENT PERIOD November 29,2003 December 31,2003 accouvt nuvecr TAXPAYER NUMBER On File THROUGH LAST STATEMENT November 28, 2003 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. ‘This statemem should be retained for your records. See reverse side for important information, o27 01/01/04;12:84 001 vais EFTA00196657

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2 of? STATEMENT BACKER IS PRINTED ON THIS PAGE 01/01/04;12:84 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC EFTA00196658

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. Cre Mewatuch Contr Newt BEAR 383 Madison Avenue Brocklyn, New York 11201-2859 STEARNS New York, New York 10179 | FINANCIAL TRUST COMPANY INC 3 of? STATEMENT PERIOD November 29, 2003 THROUGH December 31,2003 . account xumccr = Cash Flow Analysis Income Summary SaxpaveR NUMBER On File THIS PERIOD 1. ee hl) ; LAST STATEMENT Novernber 28, 2003 OpeningBalance $506,974.66 Dividends 165,063.20 708,950.11 . Substitute Payment 0.00 194,747.20 Dividends/Interest 165,274.40 Credit Balance Int. 211.20 1,707.90 Amount Credited $165,274.40 Total $165,274.40 $905,405.21 Funds Withdrawn -66.00 Margin Int. Paid 0.00 -44,988.13 Amount Debited . . Net Cash Activity 165,208.40 Portfolio Composition Cash/Cash Equivalent 672,183 Same day Yansfers cf cash betwoen account types are not inckuded in this Section; such transfers, as well as details for all offer transactions this period, Equities 39,407,916 appear in Transaction Detail Total $40,080,099 Your Portfolio Allocation Cash Balance Summary OPENING CLOSING Cash 246.53 672,183.06 Cash & Equivalent Margin 506,728.13 0.00 ™% Net Cash Balance $506,974.66 $672,183.06 Equities 99% Unshaded portions denote debt batance andicr short market values. The alocation percentage is derived from the absohte market value of your portloio, o27 01/01104;12:54 001 vars EFTA00196659

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BEAR STEARNS 47 Your Portfolio Holdings CASH & CASH EQUIVALENTS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 NAARKET ESTIMATED (QURRENT DESCRIPTION SYMBOL/CUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD (%} CASH BALANCE 672.183 TOTAL CASH & CASH EQUIVALENTS $672,183 EQUITIES Equities & Options ACCT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOLU'CUSIP TYPE QUANTITY PRE VALUE ANNUAL INCOME YIELD (%) FLEXTRONICS INTERNATIONAL FLEX CASH 100,000 14.8400 1,484,000 uD GALYANS TRADING INC GLYN CASH 150,000 12.0400 1,806,000 MBNA CORP KRB CASH 1,000,000 24.8500 400,000 TYCO INTERNATIONAL LTD TyC CASH 100,000 26.5000 2,650,000 VECTOR GROUP LTD vGR CASH 412,658 16.3200 6,734,579 660,253 SENTIGEN HOLDING CP ASTD | | CASH 333,334 5.6500 1,883,337 Total Equities& Options $39,407,916 $1,065,253 TOTAL EQUITIES $39,407,916 $1,065,253 YOUR TOTAL ESTIMATED ANNUAL INCOME $1,065,253 YOUR PRICED PORTFOLIOHOLDINGS $40,080.099 01/01/04;12:84 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOO November 29, 2003 THROUGH accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT vars December 31,2003 November 28, 2003 EFTA00196660

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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 Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST COMPANY INC 5 of? , STATEMENT PERIOD November 29, 2003 THROUGH December 31,2003 accout nuvecr TAXPAYER NUMBER On File INVESTMENT ACTIVITY LAST STATEMENT November 28, 2003 Transaction Detail SETTLEMENT = TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLCUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 12/05/03 JOURNAL FLEXTRONICS INTERNATIONAL FLEX 100,000 LID JOURNAL FROM TYPE 2 TO 1 12/05/03 JOURNAL GALYANS TRADING INC GLYN 150,000 JOURNAL FROM TYPE 2 TO 1 12/05/03 JOURNAL MBNA CORP KRB 1,600,000 JOURNAL FROM TYPE 2TO 1 JOURNAL FROM TYPE 2 TO 1 JOURNAL FROM TYPE 2 TO 1 {2i05/03 JOURNAL FLEXTRONICS INTERNATIONAL FLEX “100,000 LID JOURNAL FROM TYPE 2 TO 1 JOURNAL FROM TYPE 2 TO 1 JOURNAL FROM TYPE 2 TO 1 JOURNAL FROM TYPE 2 TO 1 JOURNAL FROM TYPE 2 TO 1 000,000 TOTAL o27 01/01104;12:54 001 vars EFTA00196661

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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 COMPANY INC of? STATEMENT PERIOO November 29, 2003 THROUGH Transaction Detail (continued) December 31,2003 accoust numecr [S TAXPAYER NUMBER On File DEPOSITS AND WITHDRAWALS LAST STATEMENT — Novernber 28, 2003 DATE TRANSACTION DESCRPTION DEBIT AMOUNT CREDIT AMOUNT 12/03/03 CHECK cK 66.00 HYPI ERS tl LLP. TOTAL $-66.00 DIVIDENDS DATE DESCRIPTION SYMBOLIOUSIP QUANTITY RATE (8) DEBIT AMOUNT CAEDIT AMOUNT 12/30/03 VECTOR GROUP LTD VGR 412,658 0.4000 165,063.20 REC 12/19/03 PAY 12/30/03 TOTAL $165,063.20 INTEREST DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (%) CERT AMOUNT CAEDIT AMOUNT 12/22/03 INTEREST ONCREDIT BALANCE 211.20 ACCT 038-66056 AT 00,50000% 11/21 - 12/20 TOTAL $211.20 MISCELLANEOUS TRANSACTION DESCRIPTION DEBIT AMOUNT CREDXT AMOUNT JOURNAL JOURNAL FROM TYPE {205/03 JOURNAL 506,728.13 TOTAL $-506.728.13 $506,728.13 027 01/01/04;12:84 001 vars EFTA00196662

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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 BEAR 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York New York 10179 as | FINANCIAL TRUST COMPANY INC Tor STATEMENT PERIOD November 29, 2003 THROUGH December 31,2003 . account xumccr = Trades Executed Pending Settlement TAXPAYER NUMBER On File LAST STATEMENT November 28, 2003 SETTLEMENT — TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 01/05/04 = 12/29/03 iH IFIL{| IN ITAL) 100,000.00 3.2300 323,000.00 EUR1 INVST CL TOTAL $323,000.00 $0.00 The above trades do not appear in any other section of this statement Your messages ie As part of the National Association of Securities Dealer's (NASD) Investor ZT Excess SIPC Account Protection Update Education Program, you may obtain information on the NASD's Public Bear, Stearns Securities Corp, (‘BSSC"), a member of the Securities Investor Disclosure Program by contacting the NASD at telephone number (800) Protection Corporation ("SIPC"), provides account protection for the net equity 289-9999 or via the internet address which is www,nasdr,com, In addition, a of a customer's funds and securities positions. SIPC provides $500,000 of brochure explaining the Public Disclosure Program is available from the NASD primary net equity protection, including $100,000 for claims for cash ("SIPC upon request, 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, 027 01/01/04;12:84 001 vais EFTA00196663

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. One Metratech Center North BEAR 383 Madison Avenue Brockiyn, New York 11201-3859 STEARNS New York New York 10179 | | FINANCIAL TRUST COMPANY INC ACCOUNT EXECUTIVE = ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE — wwww.bearstearns.com What's In This Statement Financial Summary ,. » 3 Your Portfolio Holdings . . 4 Transaction Detail .....sssssseseeeneres 5 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD 39,219,023 NET CREDIT BALANCE 506,975 NET EQUITY LAST STATEMENT 39,133,017 CHANGE SINCE LAST STATEMENT 592,981 There are no "Stop Loss’ orders or other pending buy or sell open orders on file for your account. Bear, Stearns Securities Corp. STATEMENT PERIOG November 1, 2003 THROUGH November 28, 2003 accout nuvecr | PP | ery end eee TAXPAYER NUMBER On File LAST STATEMENT October 31, 2003 FINANCIAL TRUST COMPANY INC C/O AMERICAN YACHT HARBOR * 6100 RED HOOK SUITE B-3 QUARTERS #2 ST THOMAS Vi 00802 Market Value of Your Portfolio $506,975 Cash & Equivalent $898,233 $39,219,023 HE Current market value py Last statements market value () Short market value Please report any diference or nomraceipt of checks or stocks, indicated as delivered to you, ‘This summary §s for informational purposes only. It Is not intended as a tax document. % Client Senices at 800-634-1428; cr write to Clont Services at Boar, Steams Securities ‘This statemem should be retained for your records. See reverse side for important information. Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3859. 027 11/2903,06:43 001 vais EFTA00196664

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2 of 6 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 COMPANY INC EFTA00196665

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BEAR STEARNS 3 of 6 Cash Flow Analysis Balance Openi: Dividends/Interest Amount Cr Securities Bought Amount Debited ited Net Cash Activity OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 THIS PERIOD $898,233.13 1,496.53 $1,496.53 -392,755.00 $-392,755.00 -391,258.47 Same day Yansfers cf cash between account types are not included in this section; such transfers, as well as details for all other transactions tis period, appear in Transaction Dota. Cash Balance Summary OPENING Cash 47,808.28 Margin 547,924.59 Short 302,500.26 Net Cash Balance $898,233.13 CLOSING 246.53 506,728.13 0.00 $506,974.66 Income Summary THiS PERIOD YEAR TO DATE Dividends 1,250.00 543,886.91 Substitute Payment 0.00 194,747.20 Credit Balance Int. 246.53 1,496.70 Margin Int. Paid 0.00 -44.988.13 Portfolio Composition Cash/Cash Equivalent 506,975 Equities 39,219,023 Total ‘ $39,725,998 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD Novernber 1, 2003 November 28, 2003 accout nuvecr TAXPAYER NUMBER On File THROUGH LAST STATEMENT October 31, 2003 Your Portfolio Allocation Cash & Equivalent 1% Equities 99% Unshaded portions denote debt batance andicr short market values. The alocation percentage is derived from the absohte market value of your portloio, 027 11/2903,06:43 001 vars EFTA00196666

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 4 of6 Your Portfolio Holdings CASH & CASH EQUIVALENTS NAARKET ESTIMATED (QURRENT DESCRIPTION SYMBOL/CUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD (%} CASH BALANCE 506.975 TOTAL CASH & CASH EQUIVALENTS $506,975 EQUITIES Equities & Options ACCT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOLU'CUSIP TYPE QUANTITY PRE VALUE ANNUAL INCOME YIELD (%) FLEXTRONICS INTERNATIONAL FLEX MRGN 100,000 16.0300 1,603,000 uD GALYANS TRADING INC GLYN MRGN 150,000 13.3500 2,002,500 MBNA CORP KRB MRGN 1,000,000 24.5200 400,000 TYCO INTERNATIONAL LTD TyC MRGN 100,000 22.9500 2,295,000 VECTOR GROUP LTD vGR MRGN 412,658 17.0000 7,015,186 660,253 9.4118 SENTIGEN HOLDING CP ASTD | | CASH 333,334 5.3500 1,783,337 Total Equities& Options $39,219,023 $1,065,253 TOTAL EQUITIES $39,219,023 $1,065,253 YOUR TOTAL ESTIMATED ANNUAL INCOME $1,065,253 YOUR PRICED PORTFOLIOHOLDINGS $39,725,998 027 11/2903,06:43 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD November 1, 2003 Novernber 28, 2003 accout nuvecr TAXPAYER NUMBER On File October 31, 2003 THROUGH LAST STATEMENT vars EFTA00196667

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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 fl Le FINANCIAL TRUST COMPANY INC 5 of 6 STATEMENT PERIOD November 1, 2003 THROUGH November 28, 2003 accout nuvecr TAXPAYER NUMBER On File Transaction Detail INVESTMENT ACTIVITY LAST STATEMENT October 31, 2003 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 11/20/03. 11/17/03 BOUGHT HOLUNGER INTERNATIONAL INC HLA 25,000 15.65000 392,755.00 CLA COVER SHORT, TOTAL $-392,755.00 DIVIDENDS DATE DESCRIPTION SYMBOUCUSIF QUANTITY RATE (8) DEBIT AMOUNT CREDIT AMOUNT 11/03/03 TYCO INTERNATIONAL LTD Ty 100,000 0.0125 1,250.00 REC 10/01/03 PAY 11/01/03 TOTAL $1,250.00 INTEREST DATE DESCRIPTION SYMBOUCUSIF QUANTITY RATE (%) DEBIT AMOUNT CAEDIT AMOUNT 11/21/03 INTEREST ONCREDIT BALANCE 0.5000 246.53 AT 0 1/2% 10/21 THRU 11/20 TOTAL $246.53 MISCELLANEOUS DATE MO/DAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDXT AMOUNT MARK TO MARKET MARK K! "JOURNAL MARK TO MARKET 10,250.00 027 11/2903,06:43 001 vars EFTA00196668

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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 a" 10179 6 of6 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD November 1, 2003 THROUGH November 28, 2003 accout nuvecr TAXPAYER NUMBER On File MISCELLANEOUS (continued) LAST STATEMENT October 31, 2003 Transaction Detail (continued) TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT JOURNAL MARK TO MARKET SHORT POS 10,250.00 rn rns rei rs arma JOURNAL JOURNAL FROM TYPE 2TO 5 22,254.74 TOTAL $-155,061.02 $155,061.02 (v0) **e*** End of Statement™***** 027 11/2903,06:43 001 vars EFTA00196669

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS ACCOUNT EXECUTIVE —ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE wew.bearstearns.com What’s In This Statement CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD October 1, 2003 October 31,2003 accout nuvecr TAXPAYER NUMBER On File September 30, 2003 THROUGH LAST STATEMENT Financial Summary ,. » 3 FINANCIAL TRUST COMPANY INC Your Portfolio Holdings . . 4 C/O AMERICAN YACHT HARBOR * Transaction Detail .......cscessseessseseeeeees 5 6100 RED HOOK SUITE B-3 QUARTERS #2 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio $898,233 TOTAL VALUE OF SECURITIES THIS PERIOD 38,234,784 Cash & Equivalent $820,761 NET CREDIT BALANCE 898,233 $38,570,534 : $-335,750 $35,284,778 : $-308,750 ERIOD . 017 pelienmlrndsein onl. bis nde HE Current market value NET EQUITY LAST STATEMENT 35,796,789 SEB] Last statements market value () Short market value CHANGE SINCE LAST STATEMENT 3,336,229 There are no "Stop Loss" orders or other pending buy or sell open orders on file for your account. Please report any diference or nomreceipt of checks or stocks, indicated as delivered to you, % Client Senices at 800-624-1428; or write to Clont Services at Bear, Steams Securities Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3659. 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 027 11/01/03;14:02 001 vars EFTA00196670

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2 of 6 STATEMENT BACKER IS PRINTED ON THIS PAGE 11/01/03;14:02 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC EFTA00196671

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR STEARNS 3 of 6 383 Madison Avenue Cash Flow Analysis THIS PERIOD OpeningBalance $820,760.61 Funds Deposited 21,500.00 Dividends/Interest 100,216.45 Miscellaneous 6.07 Amount Credited $121,722.52 Funds Withdrawn -43,000.00 Dividends/Interest Charged 1,250.00 Amount Debited $-44,250.00 Net Cash Activity 77,472.52 ‘Same day transfers of cash between account types are not included in this section; such transfers, as well as details for all other transactions tis period, appear in Transaction Detail. Cash Balance Summary OPENING CLOSING Cash 69,091.83 47,808.28 Margin 447,668.52 547,924.59 Short 304,000.26 302,500.26 Net Cash Balance $820,760.61 $898,233.13 New York, New York 10179 Income Summary THiS PERIOD YEAR TO DATE Dividends 100,000.00 542,636.91 Substitute Payment 0.00 194,747.20 Credit Balance Int. 216.45 1,250.17 Total $100,216.45 $738,634.28 Margin Int. Paid 0.00 -44,988.13 Portfolio Composition SHORT LONG Cash/Cash Equivalent 898,233 Equities 335,750 38,570,534 Total $335,750 $39,468,767 027 11/01/03;14:02 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD October 1, 2003 THROUGH October 31,2003 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT September 30, 2003 Your Portfolio Allocation Cash & Equivalent 2 a Short Equities — <1% — Equities 97% Unshaded portions denote debt batance andicr short market values. The alocation percentage is derived from the absohte market value of your portloio, vars EFTA00196672

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 4 of6 Your Portfolio Holdings CASH & CASH EQUIVALENTS NAARKET ESTIMATED (QURRENT DESCRIPTION SYMBOU'CUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) CASH BALANCE 898.233 TOTAL CASH & CASH EQUIVALENTS $898,233 EQUITIES Equities & Options ACCT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOU'CUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YIELD (%) FLEXTRONICS INTERNATIONAL FLEX MRGN 100,000 14.0000 1,400,000 uD GALYANS TRADING INC GLYN MRGN 150,000 13.1100 1,966,500 HOLLINGEA INTERNATIONAL INC HLR SHAT -25,000 13.4300 -335,750 5,000 1.4892 CLA MBNA CORP KRB MRGN 1,000,000 24.7500 24,750,000 400,000 1.6162 TYCO INTERNATIONAL LTD TC MRGN 100,000 20.8800 2,088,000 5,000 0.2395 VECTOR GROUP LTD VGR MRGN 412,658 15.7500 6,499,364 660.253 10.1587 SENTIGEN HOLDING CP ASTD | CASH 333,334 5.6000 1,866,670 Total Equities& Options $38,234,784 — $1,060,253 TOTAL EQUITIES $38,234,784 $1,060,253 YOUR TOTAL ESTIMATED ANNUAL INCOME $1,060,253 YOUR PRICED PORTFOLIOHOLDINGS $39,133,017 11/01/03;14:02 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD THROUGH ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT vars October 1, 2003 October 31,2003 On File September 30, 2003 EFTA00196673

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BEAR STEARNS 5 of6 Transaction Detail DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRIPTION 10/09/03 CHECK cK FIN OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 ON ACCT GEORGE VY DELSON TOTAL DIVIDENDS DATE DESCRIPTION 10/01/03 MBNA CORP REC 0 CLA DIV CHG 25000 SHS SHORT REC 10/01/03 PAY 10/15/03 SYMBOLICUSIP KAB {0102/03 HOLLINGEA INTERNATIONAL. IN Ic CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD October 1, 2003 THROUGH October 31,2003 accoust numecr [S TAXPAYER NUMBER On File LAST STATEMENT September 30, 2003 CREDIT AMOUNT 100,000.00 TOTAL $100,000.00 INTEREST DATE DESCRIPTION 10/21/03 INTEREST ONCREDIT BALANCE AT 0 1/2% 09/21 THRU 10/20 TOTAL SYMBOUCUSIP CAEDIT AMOUNT 216.45 $216.45 11/01/03;14:02 001 vara EFTA00196674

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 6 of6 Transaction Detail (continued) MISCELLANEOUS DATE MOVDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 10/01/03 CASH-LIEU VECTOR GROUP LTD 6.07 CASH IN LIEU OF .40000 REC 09/19/03 PAY 09/29/03 10/20/03 JOURNAL MARK TO MARKET TOTAL $-19.748.00 $19,754.07 (stor ****** End of Statement****** VY 027 11/01/03;14:02 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD October 1, 2003 THROUGH October 31,2003 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT September 30, 2003 vars EFTA00196675

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS ACCOUNT EXECUTIVE = ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE wew.bearstearns.com What’s In This Statement Financial Summary , ‘ Your Portfolio Holdings . : Transaction Detail ......ssessseseresseeerees Your M@SSAQCS us srssssssnenstsssacesaseneananiens NO fF Ww Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THISPERIOD §= 34,976,028 NET CREDIT BALANCE 820,761 NET EQUITY LAST STATEMENT 35,823,961 CHANGE SINCE LAST STATEMENT -27,173 There are no “Stop Loss” orders or other pending buy or sell open orders on file for your account. Ploase mport any difference cr noe-roceigt of checks or stocks, indicated as delivered to you, © Client Senices at 800-624-1428; or write to Clam Services at Bear, Steams Securities Comp., One Metrotech Center North, Brooklyn, N.Y. 11201-3859, New = New York 10179 FINANCIAL TRUST COMPANY INC C/O AMERICAN YACHT HARBOR * 6100 RED HOOK SUITE B-3 QUARTERS #2 ST THOMAS VI 00802 Market Value of Your Portfolio $820,761 Cash & Equivalent $594,703 HE Current market value 2 Last statements market value (C) Short market value 027 ‘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. 10/01/03;11:21 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOO August 30,2003 THROUGH September 30, 2003 account nuvecr TAXPAYER NUMBER On File LAST STATEMENT August 29, 2003 Important Message Bear Stearns is pleased to announce our conversion to a calendar month-end Statement. Effective this : $-313,500 month, your account statement reflects all activity and account valuation up to and including the last business day of the month. wana EFTA00196676

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2 of8 STATEMENT BACKER IS PRINTED ON THIS PAGE 10/01/03;11:21 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC EFTA00196677

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. Cre Mewatuch Contr Newt BEAR 383 Madison Avenue Brocklyn, New York 11201-2859 STEARNS New York, New York 10179 Le FINANCIAL TRUST COMPANY INC 3 of8 STATEMENT PERIOD August 30,2003 THROUGH September 30, 2003 . account xumccr = Cash Flow Analysis Income Summary SaxpaveR NUMBER On File THIS PERIOD I EA TO DATE — LAST STATEMENT August 29, 2003 OpeningBalance $594,703.22 Dividends 157,203.20 442,636.91 . Substitute Payment 0.00 194,747.20 Funds Deposited 68,733.00 Credit Balance Int. 121.19 1,033.72 Dividends/Interest 157,324.39 S000 wennaenanausanensanensessqunausnnsnsenansunane css an sevseneoneesssanenetuneteneunessaneenenunetantnssssaunenneaunenene -_ Lfo 7 Amount Credited $226,057.39 Margin Int. Paid 0.00 -44,988.13 Net Cash Activity 226,057.39 Closing Balance $820,760.61 Same day transfers of cash between account types are mot inchuded in this Portfolio Composition section, such transfers, as well as details for all offer transactions tis period, appear in Transaction Detail SHORT LONG Cash/Cash Equivalent 820,761 Equities 308,750 35,284,778 Cash Balance Summa ere anenenneeees Poo ry hon AO lols Your Portfolio OPENING CLOSING Allocation Cash 237.64 69,091.83 Margin 291,966.32 447,668.52 coal & Equivalent 7 Short 302,499.26 304,000.26 Short Equities — <1% Net Cash Balance $594,703.22 $820,760.61 — Equities 97% Unshaded portions denote debt balance andi short market values. The alocation percentage is derived from the absohte market value of your portioto, oz? 10/0103;11:21 001 vara EFTA00196678

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 4 of8 Your Portfolio Holdings CASH & CASH EQUIVALENTS NAARKET ESTIMATED (QURRENT DESCRIPTION SYMBOU'CUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD (%} CASH BALANCE 820.761 TOTAL CASH & CASH EQUIVALENTS $820,761 EQUITIES Equities & Options ACCT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOU'CUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YIELD (%) FLEXTRONICS INTERNATIONAL FLEX MRGN 100,000 14.1800 1,418,000 uD GALYANS TRADING INC GLYN MRGN 150,000 10.2100 1,531,500 HOLLINGER INTERNATIONAL INC HLA SHRT -308,750 -5,000 1.6194 CLA MBNA CORP KRB MRGN 1,000,000 22.8000 22,800,000 400,000 1.7544 TYCO INTERNATIONAL LTD TYC MRGN 100,000 20.4300 2,043,000 5,000 0.2447 VECTOR GROUP LTD vGR MRGN 412,658 14.4000 5,942,275 660,253 11.1111 SENTIGEN HOLDING CP ASTD | CASH 333,334 4.6500 1,550,003 Total Equities& Options $34,976,028 $1,060,253 TOTAL EQUITIES $34,976,028 — $1,060,253 YOUR TOTAL ESTIMATED ANNUAL INCOME $1,060,253 YOUR PRICED PORTFOLIOHOLDINGS $35,796,789 027 10/01/03;11:21 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD THROUGH ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT vara August 30, 2003 September 30, 2003 On File August 29, 2003 EFTA00196679

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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 COMPANY INC 5 of6 STATEMENT PERIOD August 30,2003 THROUGH Transaction Detail September 30, 2003 accoust numecr [S TAXPAYER NUMBER On File INVESTMENT ACTIVITY LAST STATEMENT August 29, 2003 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBT AMOUNT GREOIT AMOUNT 09/29/03 09/19/03 BOUGHT VECTOR GROUP LTD VGR 19,650 SEE NOTE "S" STK DIV ON SHS REC 09/19/03 y29/03 AS OF 09/19/03 TOTAL DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRPTION DEBIT AMOUNT CREDIT AMOUNT 09/22/03 FUNDS REC FNDS WIRED TO CITIBANK FROM 68,733.00 + CO, INC, TOTAL $68,733.00 DIVIDENDS DATE DESCRIPTION SYMBOUCUSIP QUANTITY AATE ($) CEBIT AMOUNT CAEDIT AMOUNT 09/29/03 VECTOR GROUP LTD VGR 393,008 0.4000 157,203.20 REC 09/19/03 PAY 09/29/03 TOTAL $157,203.20 027 10/01/03;11:21 001 vara EFTA00196680

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 6 of8 Transaction Detail (continued) INTEREST CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOG August 30,2003 THROUGH September 30, 2003 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT August 29, 2003 DATE DESCRIPTION SYMBOUCUSIF QUANTITY RATE ("et DEBIT AMOUNT CREDIT AMOUNT 09/22/03 INTEREST ONCREDIT BALANCE 0.5000 121.19 AT 0 1/2% O8/21 THRU 09/20 TOTAL $121.19 MISCELLANEOUS DATE MOVDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 09/02/03 JOURNAL MARK TO MARKET 11,000.00 09/02/03 JOURNAL MARK TO MARKET SHORT POS osiogio3s osioaioa JOUANAT MARK TO MARKET SHORT POS “JOUBNAL MARK TO MARKET 09/16/03 JOURNAL MARK TO MARKET sn rr 09/29/03 JOURNAL MARK TO MARKET 09/29/03 JOURNAL MARK TO MARKET SHORT POS 9.750.00 3,750.00 2,500.00 25,499.00 3,750.00 TOTAL $-52,499.00 $52,499.00 10/01/03;11:21 001 vara EFTA00196681

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BEAR STEARNS 7 of8 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New = New York 10179 Your messages ‘i Bear, Stearns Securities Corp, Net Capital and Net Capital Requirements: At May 31, 2003 and July 31, 2003, the Company's net capital of approximately $2.4 billion and $3.0 billion was approximately 6% and 7% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $799.5 million and $904.4 million by approximately $1.6 billion and $2.1 billion, all respectively, A complete copy of the Bear, Stearns Securities Corp, Statement of Financial Condition is available on the web site www.bearsteams,com, Alternatively, to request a free printed copy please call - toll free 1-866-299-9331, CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOO August 30,2003 THROUGH September 30, 2003 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT August 29, 2003 ZT Securities and other assets in your account are the firm's collateral for any margin loan made to you. If the securities and other assets in your account decline in value, so does the value of the collateral supporting your loan, and, as a result, the firm can take action, such as issue a margin call and/or sell securities or other assets in any of your accounts held with the member, in order to maintain the required equity in the account, It is important that you fully understand the risks involved in trading securities on margin, These risks include the following: * You can lose more funds than you deposit in the margin account, * The firm can force the sale of securities or other assets in you account(s), * The firm can sell your securities or other assets without contacting you. * You are not entitled to choose which securities or other assets in your account(s) are liquidated or sold to meet a margin call, * The firm can increase its “house” maintenance margin requirements at any time and is not required to provide you advance written notice, * You are not entitled to an extension of time on a margin call, 027 10/01/03;11:21 001 vara EFTA00196682

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BEAR STEARNS 8 of8 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New = New York 10179 ES This statement is provided to explain Bear, Stearns & Co, Inc,’s (‘BSC") payment for order flow practices. BSC routes a majority of orders for customer securities transactions to the primary market for such securities, Orders may also be routed to other market service vendors that assure executions pursuant to complex mathematical formulas at better than the national best bid or best offer (NBBO). BSC receives no cash payment or other consideration for such order routing other than favorable executions or executions of limit orders at no additional charge. ****** End of Statement™***** CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOO August 30,2003 THROUGH September 30, 2003 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT August 29, 2003 TZ Pursuant to SEC Rule 11Ac1-6, please note the following: Bear, Stearns & Co, Inc, will post its quarterly routing statistics at the following web link: http://www,bearstearns,com/, Click on Individual Investor, Click on Equities, Click on Order Routing Practices. Customers of Bear, Stearns & Co, Inc, may request information on any order executed within the prior six months from the time of the request. Specifically, you may request the identity of the venue to which the identified orders were routed for execution, whether the order was directed by you to that venue, and the time of the executions, if any, that resulted from such orders, 027 10/01/03;11:21 001 vara EFTA00196683

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OFFICE SERVICING YOUR ACCOUNT BEAR STEARNS ACCOUNT EXECUTIVE —ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE wew.bearstearns.com What’s In This Statement Financial Summary , ‘ 3 Your Portfolio Holdings . . 4 Transaction Detail .....usssseeeenees 5D Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD 35,229,258 NET CREDIT BALANCE 594,703 NET EQUITY LAST STATEMENT 36,480,877 CHANGE SINCE LAST STATEMENT -656,915 There are no “Stop Loss” orders or other pending buy or sell open orders on file for your account. Please mport any difference cr noe-roceigt of checks or stocks, indicated as delivered to you, © Client Senices at 800-624-1428; or write to Clam Services at Bear, Steams Securities Comp., One Metrotech Center North, Brooklyn, N.Y. 11201-3859. Bear, Stearns & Co. Inc. 383 Madison Avenue New = New York 10179 FINANCIAL TRUST COMPANY INC C/O AMERICAN YACHT HARBOR * 6100 RED HOOK SUITE B-3 QUARTERS #2 ST THOMAS VI 00802 Market Value of Your Portfolio $594,703 Cash & Equivalent $593'318 $35,542,758 : $-313.500 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY 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 $36,161,059 : $-273,500 HE Current market value SESY Last statements market value (C) Short market value 027 reflect all activity and account valuation up to and including the last business day of the month. This summary is for informational purposes only. It Is not ietended as a tax documert This statement should be retained for your records. See reverse side for important information. 04/3003;13:45 001 war2 EFTA00196684

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2 of 6 STATEMENT BACKER IS PRINTED ON THIS PAGE (08/3003;13:45 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC EFTA00196685

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BEAR STEARNS 3 of 6 Cash Flow Analysis Balance Openi: Dividends/Interest Amount Cr Net Cash Activity ited Closing Balance OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 THIS PERIOD $593,317.54 1,385.68 $1,385.68 1,385.68 $594,703.22 Income Summary THiS PERIOD YEAR TO DATE Dividends 1,250.00 285,433.71 Substitute Payment 0.00 194,747.20 Credit Balance Int. 135.68 912.53 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD July 26, 2003 August 29, 2003 accout nuvecr TAXPAYER NUMBER On File July 25, 2003 THROUGH LAST STATEMENT Same day transfers of cash between account types are not included in this section; auch transfers, as well as details for all other transactions this period, appear in Transaction Detail Cash Balance Summary OPENING CLOSING Cash 101.96 237.64 Margin 317,465.32 291,966.32 Short 275,750.26 302,499.26 Net Cash Balance $593,317.54 $594,703.22 Margin Int. Paid 0.00 -44.988.13 Portfolio Composition SHORT LONG Cash/Cash Equivalent 594.703 Equities 313,500 35,542,758 Total $313,500 $36,137,461 027 (08/3003;13:45 001 Your Portfolio Allocation Cash & Equivalent — 1% Short Equities — <1% Equities 98% Unshaded portions denote debt batance andicr short market values. The alocation percentage is derived from the absohte market value of your portloio, vai2 EFTA00196686

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 4 of6 Your Portfolio Holdings CASH & CASH EQUIVALENTS NAARKET ESTIMATED (QURRENT DESCRIPTION SYMBOU'CUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD (%} CASH BALANCE 594.703 TOTAL CASH & CASH EQUIVALENTS $594,703 EQUITIES Equities & Options ACT MARKET DESCRIPTION SYMBOU'CUSIP TYPE QUANTITY PRICE VALUE FLEXTRONICS INTERNATIONAL FLEX MRGN 100,000 13.4900 1,349,000 tT GALYANS TRADING INC GLYN MRGN 150,000 HOLLINGER INTERNATIONAL INC HLA SHRT -25,000 12.5400 -313,500 CLA MBNA CORP KRB MRGN 1,000,000 23.3400 23,340,000 10.8310 1,624,650 TYCO INTERNATIONAL LTD TYC MRGN 100,000 20.5800 2,058,000 VECTOR GROUP LTD VGR MAGN 393,008 14.4300 §.671,105 SENTIGEN HOLDING CP ASTD | CASH 333,334 4.5000 1,500,003 Total Equities& Options $35,229,258 ESTIMATED CQURFEN' ANNUAL INCOME YIELD (%) -5,000 1.5949 400,000 1.7138 5,000 0.2430 628,813 11.0880 $1,028,813 TOTAL EQUITIES $35,229,258 $1,028,813 YOUR TOTAL ESTIMATED ANNUAL INCOME $1,028,813 YOUR PRICED PORTFOLIOHOLDINGS $35,823,961 (08/3003;13:45 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD THROUGH ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT vai2 July 26, 2003 August 29, 2003 On File July 25, 2003 EFTA00196687

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Con Bear, Stearns & Co. Inc. One Mebane ‘Center ‘eae 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS a" 10179 STATEMENT PERIOD THROUGH Transaction Detail ACCOUNT NUMBER TAXPAYER NUMBER DIVIDENDS LAST STATEMENT DATE CESCRIPTION SYMBOUCUSIP QUANTITY RATE ($) OEBIT AMOUNT (CREDIT AMOUNT 08/01/03 TYCO INTERNATIONAL LTD Ty 100,000 0.0125 1,250.00 REC 07/01/03 PAY 08/01/03 TOTAL $1,250.00 INTEREST DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (%) CEBIT AMOUNT CAEDIT AMOUNT 08/21/03 INTEREST ONCREDIT BALANCE 0.5000 135.68 AT 0 1/2% O7/21 THRU 08/20 TOTAL $135.68 MISCELLANEOUS TRANSACTION DESCRIPTION DEBIT AMOUNT CREDXT AMOUNT JOURNAL MARK TO MARKET 2,250.00 08/04/03 JOURNAL MARK TO MARKET SHORT POS 7,499.00 027 (08/3003;13:45 001 vai2 FINANCIAL TRUST COMPANY INC July 26, 2003 August 29, 2003 On File July 25, 2003 EFTA00196688

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 6 of6 Transaction Detail (continued) MISCELLANEOUS (continued) OATE MOIDAY TRANSACTION DESCRIPTION 08/25/03 JOURNAL MARK TO MARKET SHORT POS CREDIT AMOUNT 5,500.00 TOTAL /—™ (stop) ****** End of Statement****** \ / — $37,247.00 (08/3003;13:45 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD July 26, 2003 THROUGH August 29, 2003 accoust numecr [S TAXPAYER NUMBER On File LAST STATEMENT duly 25, 2003 var2 EFTA00196689

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BEAR STEARNS ACCOUNT EXECUTIVE —ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE wew.bearstearns.com What’s In This Statement Financial Summary . Your Portfolio Holdings . OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 . 3 . 4 Transaction Detail .....ussssseeeenees 5D Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD NET CREDIT BALANCE 35,887,559 Cash & Equivalent 593,318 NET EQUITY THIS PERIOD $36,480,877 NET EQUITY LAST STATEMENT 34,608,693 CHANGE SINCE LAST STATEMENT 1,872,183 There are no "Stop Loss" orders or other pending buy or sell open orders on file for your account. Please report any difference or nomreceipt of checks or stocks, indicated as delivered to you, % Client Senices at 800-624-1428; or write to Clont Services at Bear, Steams Securities Corp., One Metrotech Center North, Broolyn, N.Y. 11201-3659. FINANCIAL TRUST COMPANY INC C/O AMERICAN YACHT HARBOR 6100 RED HOOK SUITE B-3 QUARTERS #2 ST THOMAS VI 00802 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD June 28, 2003 THROUGH July 25, 2003 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT June 27,2003 Market Value of Your Portfolio $593,318 $515,765 $36,161,059 : $-273,500 HH Current market value SESY Last statements market value (C$ Short market value This summary i for informational purposes only. It Is mot intended as a tax document This statement should be retained for your records. See reverse side for important information 027 07/26/03;10:09 001 vant EFTA00196690

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2 of 6 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 COMPANY INC EFTA00196691

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR STEARNS 3 of 6 383 Madison Avenue Cash Flow Analysis THIS PERIOD OpeningBalance $515,765.21 Dividends/Interest 80,101.96 suena eeuuennennens ss saueuneaneneeneeneenen (10 eeaneneny on Amount Credited $80,101.96 Dividends/Interest Charged -2,549.63 Amount Debited . $-2,.549.63 Net Cash Activity 77,552.33 ‘Same day ransiers of cash between account types are not included in this section; such transfers, as well as details for all other transactions this period, appear in Transaction Detail, Cash Balance Summary OPENING CLOSING Cash 5,259,913.05 101.96 Margin -5,021,647.10 317,465.32 Short 277,499.26 275,750.26 Net Cash Balance $515,765.21 $593,317.54 New York, New York 10179 Income Summary a PERO YEAR TO DATE, Dividends 80.000.00 284,183.71 Substitute Payment 0.00 194,747.20 Credit Balance Int. 101.96 776.85 Total $80,101.96 $479,707.76 Margin Int. Paid -1,299.63 -44,988.13 Portfolio Composition SHORT LONG Cash/Cash Equivalent §93,318 Equities 273,500 36,161,059 Total $273,500 $36,754,377 oz? 07/26/03;10:08 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD June 28, 2003 THROUGH July 25, 2003 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT June 27, 2003 Your Portfolio Allocation Cash & Equivalent — 1% Short Equities — <1% Equities 98% Unshaded portions denote debt batance andicr short market values. The alocation percentage is derived from the absohte market value of your portloio, vant EFTA00196692

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 4 of6 Your Portfolio Holdings CASH & CASH EQUIVALENTS NAARKET DESCRIPTION SYMBOU'CUSIP QUANTITY PRICE VALUE CASH BALANCE 593.318 TOTAL CASH & CASH EQUIVALENTS $593,318 ESTIMATED (QURRENT ANNUAL INCOME _YELD |X} EQUITIES Equities & Options ACCT DESCRIPTION SYMBOUCUSIP TRE QUANTITY PRE FLEXTRONICS INTERNATIONAL FLEX MRGN 100,000 11.1300 LTD GALYANS TRADING INC GLYN MRGN 150,000 HOLLINGER INTERNATIONAL INC HLA SHRT -25,000 10.9400 CLA MBNA CORP KRB MRGN 1,000,000 23.0000 TYCO INTERNATIONAL LTD TYC MRGN 100,000 19.7000 VECTOR GROUP LTD VGR MAGN 393,008 16.9400 SENTIGEN HOLDING CP ASTD | CASH 333,334 4.8300 Total Equities& Options 12.0700 MARKET ESTIMATED CURRENT VALUE ANNUAL INCOME YIELD (%) 1,113,000 1,810,500 -273,500 -5,000 1.8282 23,000,000 400,000 1.7391 1,970,000 5,000 0.2538 6,657,556 628,813 9.4451 1,610,003 $35,887,559 $1,028,813 TOTAL EQUITIES $35,887,559 $1,028,813 YOUR TOTAL ESTIMATED ANNUAL INCOME $1,028,813 YOUR PRICED PORTFOLIOHOLDINGS $36,480,877 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 COMPANY INC STATEMENT PERIOD THROUGH ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT June 28, 2003 July 25, 2003 On File June 27, 2003 EFTA00196693

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BEAR STEARNS 5 of6 Transaction Detail OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD June 28, 2003 THROUGH July 25, 2003 accout nuvecr TAXPAYER NUMBER On File DIVIDENDS LAST STATEMENT —_ June 27, 2003 DATE CESCRIPTION SYMBOUCUSIP QUANTITY RATE ($) OEBIT AMOUNT (CREDIT AMOUNT 07/01/03 MBNA CORP KAB 1,000,000 0.0800 80,000.00 REC 06/13/03 PAY 07/01/03 CLA DIV CHG 25000 SHS SHORT REC 07/01/03 PAY 07/15/03 TOTAL $-1,250.00 $80,000.00 INTEREST DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE [%) CEBIT AMOUNT CREDIT AMOUNT 07/21/03 INTEREST ONCREDIT BALANCE 0.5000 101.96 06/25 THRU 07/20 FROM 06/21 THRU 07/20 @21 2.5000 1,299.63 BAL 318,264- AVBAL 623.824 TOTAL $-1,299.63 $101.96 MISCELLANEOUS DATE MODAY TRANSACTION DESCRIPTION DEBT AMOUNT CREDIT AMOUNT 06/30/03 JOURNAL MARK TO MARKET 3,999.00 027 07/26/03;10:03 001 vant EFTA00196694

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 6 of6 Transaction Detail (continued) MISCELLANEOUS (continued) TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT JOURNAL MARK TO MARKET 749.00 JOURNAL MARK TO MARKET SHORT POS 749.00 JOURNAL MARK TO MARKET 500.00 JOURNAL MARK TO MARKET SHORT POS 500.00 $-5,269,910.05 $5,269,910.05 STOP ****** End of Statement****** VY im 027 07/26/03;10:03 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD June 28, 2003 THROUGH July 25, 2003 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT June 27, 2003 EFTA00196695

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OFFICE SERVICING YOUR ACCOUNT BEAR STEARNS ACCOUNT EXECUTIVE ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE www. bearstearns.com What's In This Statement Financial Summary . . $8 Your Portfolio Holdings . . 4 Transaction Detail .....usssseeenens 5 YOUr M@SSAQCS 0... sesssseesestsseesseeseseasertees 7 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD 34,092,928 NET CREDIT BALANCE 515,765 TTY NET EQUITY LAST STATEMENT 30,080,151 CHANGE SINCE LAST STATEMENT 4,528,543 There are no "Stop Loss" orders or other pending buy or sell open orders on file for your account. Ploase mport any difference cr noe-roceigt of checks or stocks, indicated as delivered to you, © Client Senices at 800-624-1428; or write to Clam Services at Bear, Steams Securities Corp., One Metrotech Center North, Brooklyn, N.Y 11201-3859. Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 FINANCIAL TRUST COMPANY INC C/O AMERICAN YACHT HARBOR * 6100 RED HOOK SUITE B-3 QUARTERS #2 ST THOMAS VI 00802 Market Value of Your Portfolio 515,765 Cash & Equivalent $2,837,738 $34,366,428 HE Current market value py Last statements market value (C) Short market value 027 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steans Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERK May 31,2003 June 27, 2003 accout nuvecr TAXPAYER NUMBER On File THROUGH LAST STATEMENT May 30, 2003 Important Message Confirmation: Unless we hear from you to the contrary, it is our understanding that any free credit balances in your account are being maintained to facilitate your intention to invest such amounts through us. : $-273,500 This summary is for informational purposes only. It Is mot intended as a tax document This statement should be retained for your records. See reverse side for important information 06/28103;12:00 001 vao8 EFTA00196696

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2 of? STATEMENT BACKER IS PRINTED ON THIS PAGE (06/28/03;12:00 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC vaoa EFTA00196697

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 3 of? Cash Flow Analysis THIS PERIOD OpeningBalance $-2,837.738.38 Funds Deposited 3,203,000.00 Dividends/Interest 119.659.20 Miscellaneous 37,544.00 Amount Credited $3,360.203.20 Dividends/Interest Charged Amount Debited Net Cash Activity 3,353,503.59 Samo day Yansfers cf cash between account types are mot inchucked in this soction; such transfers, as wall as details for all other transactions tis period, appear in Transaction Detail Cash Balance Summary OPENING CLOSING Cash 2,056,913.05 5,259,913.05 Margin -5,167,150.69 -5,021,647.10 Short 272,499.26 277,499.26 Net Cash Balance $-2,837,738.38 $515,765.21 Income Summary THiS PERIOD YEAR TO DATE Dividends 119,659.20 204,183.71 Substitute Payment 37,544.00 194,747.20 Credit Balance Int. 0.00 674.89 Total $157,203.20 $399,605.80 Margin Int. Paid -6,699.61 -43,688.50 Portfolio Composition SHORT LONG Cash/Cash Equivalent 515,765 Equities 273,500 34,366,428 Total $273,500 $34,882.193 027 (06/28/03;12:00 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOG May 31,2003 THROUGH June 27, 2003 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT May 30, 2003 Your Portfolio Allocation Cash & Equivalent — 1% Short Equities — <1% Equities 98% Unehaded portions denote debt balance andior short market values. The alocation percentage is derived from the absohte market value of your portloio, vaoa EFTA00196698

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 47 Your Portfolio Holdings CASH & CASH EQUIVALENTS NAARKET DESCRIPTION SYMBOU'CUSIP QUANTITY PRICE VALUE CASH BALANCE 515.765 TOTAL CASH & CASH EQUIVALENTS $515,765 ESTIMATED (QURRENT ANNUAL INCOME _YELD |X} EQUITIES Equities & Options ACCT DESCRIPTION SYMBOUCUSIP TRE QUANTITY PRE FLEXTRONICS INTERNATIONAL FLEX MRGN 100,000 10.5600 LTD GALYANS TRADING INC GLYN MRGN 150,000 HOLLINGER INTERNATIONAL INC HLA SHRT -25,000 10.9400 CLA MBNA CORP KRB MRGN 1,000,000 20.7500 TYCO INTERNATIONAL LTD TYC MRGN 100,000 19.2000 VECTOR GROUP LTD VGR MAGN 393,008 17.6500 SENTIGEN HOLDING CP ASTD | CASH 333,334 4.7800 Total Equities& Options 14.0700 MARKET ESTIMATED CURRENT VALUE ANNUAL INCOME YIELD (%) 1,056,000 2,110,500 -273,500 -5,000 1.8282 20,750,000 320,000 1.5422 1,920,000 5,000 0.2604 6,936,591 628,813 9.0652 1,593,337 $34,092,928 $948,813 TOTAL EQUITIES $34,092,928 $948,813 YOUR TOTAL ESTIMATED ANNUAL INCOME $948,813 YOUR PRICED PORTFOLIOHOLDINGS $34,608,693 (06/28/03;12:00 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD THROUGH ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT vaos May 31, 2003 June 27, 2003 On File May 30, 2003 EFTA00196699

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BEAR STEARNS 5 of? Transaction Detail OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD May 31, 2003 THROUGH June 27, 2003 accoust numecr [S TAXPAYER NUMBER On File DEPOSITS AND WITHDRAWALS LAST STATEMENT May 30, 2003 DATE TRANSACTION DESCRETION 06/27/03 FUNDS REC FNDS WIRED TO CITIBANK FROM | . CO, INC, TOTAL $3,203,000.00 DIVIDENDS DATE DESCRIPTION SYMBOUCUSIF CAEDIT AMOUNT 06/27/03 VECTOR GROUP LTD VGR 119,659.20 REC 06/23/03 PAY 06/27/03 TOTAL $119,659.20 SUBSTITUTE PAYMENTS DATE DESCRIPTION SYMBOUIOUSIF CAEDIT AMOUNT 06/27/03 VECTOR GROUP LTD VGR 37,544.00 SUBST PAY ON 93860 SHS REC 06/23/03 PAY 06/27/03 TOTAL $37,544.00 INTEREST DATE DESCRIPTION SYMBOUCUSIP CAEDIT AMOUNT 06/23/03 FROM 05/21 THRU 06/20 @2 1/2% BAL $170,401 AVBAL 3112.076 (06/28/03;12:00 001 vaos EFTA00196700

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Con Bear, Stearns & Co. Inc. One Mebane ‘Center ‘eae 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS a" 10179 6 of? FINANCIAL TRUST COMPANY INC STATEMENT PERIOD May 31, 2003 THROUGH June 27, 2003 Transaction Detail (continued) accouvt xumccr | TAXPAYER NUMBER On File MISCELLANEOUS LAST STATEMENT May 30, 2003 OATE MOVDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 06/02/03 JOURNAL MARK TO MARKET 4,250.00 06/09/03 JOURNAL MARK TO MARKET 2,250.00 06/16/03 JOURNAL MARK TO MARKET 06/16/03 JOURNAL MARK TO MARKET SHORT POS 3,249.00 TOTAL $-11,498.00 027 (06/28/03;12:00 001 vao8 EFTA00196701

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BEAR STEARNS Tor OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 Your messages ‘i With interest rates at their lowest in 45 years, income oriented clients are reminded of the risks inherent in attempting to maintain or increase the average yield on a fixed income portfolio, Generally, securities carrying a higher yield come with some combination of added credit risk, extended maturities, reduced liquidity, or special call features, Rising interest rates can cause a decline in the market value of your portfolio, which will impact your principal if securities are sold prior to maturity, Please consult your Bear Stearns account executive if you would like to discuss your fixed income portfolio, As a leader in Fixed Income, Bear Steams can analyze any portfolio, held here or elsewhere and make recommendations such that your portfolio is aligned within your tolerance for risk, * End of Statement** 027 (06/28/03;12:00 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOG May 31,2003 THROUGH June 27, 2003 account nuvecr TAXPAYER NUMBER On File LAST STATEMENT May 30, 2003 EFTA00196702

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OFFICE SERVICING YOUR ACCOUNT BEAR STEARNS ACCOUNT EXECUTIVE = ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE — www.bearstearns.com What's In This Statement Financial Summary , : 3 Your Portfolio Holdings . . 4 Transaction Detail .....sssssesenens 5D Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD 32,917,889 NET DEBIT BALANCE 2,837,738 NET EQUITY LAST STATEMENT 25,915,117 CHANGE SINCE LAST STATEMENT 4,165,034 There are no "Stop Loss’ orders or other pending buy or sell open orders on file for your account. Please report any difference or nomreceipt of checks or stocks, indicated as delivered to you, % Client Senices at 800-634-1428; cr write to Clont Services at Bear, Steams Securities Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3659. Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 FINANCIAL TRUST COMPANY INC C/O AMERICAN YACHT HARBOR * 6100 RED HOOK SUITE B-3 QUARTERS #2 ST THOMAS VI 00802 Market Value of Your Portfolio Cash & Equivalent $-2,837,738 $-2,849,228 ti HB current market value S88 Last statement's market value [1s Short market value 027 This summary is for informational purposes only. It Is mot intended as a tax document This statement should be retained for your records. See reverse side for important information 08/31/03;15:30 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD April 26,2003 THROUGH May 30, 2003 accor nuvecr TAXPAYER NUMBER On File LAST STATEMENT April 25, 2003 : $-276,750 veds EFTA00196703

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2 of 6 STATEMENT BACKER IS PRINTED ON THIS PAGE 06/31/03;15:20 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC veds EFTA00196704

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR STEARNS 3 of 6 383 Madison Avenue Cash Flow Analysis THIS PERIOD OpeningBalance $-2,849,227.89 Funds Deposited 16,929.13 Dividends/Interest 1,250.00 Amount Credited $18,179.13 Dividends/Interest Charged -6,689.62 Amount Debited Net Cash Activity 11,489.51 $-6,689.62 Same day transfers of cash between account types are not included in this section, such transfers, as well as details for all other transactions tis period, appear in Transaction Detail Cash Balance Summary OPENING CLOSING Cash 2,039,983.92 2,056,913.05 Margin -5,107,211.07 -5,167,150.69 Short 217,999.26 272,499.26 Net Cash Balance $-2,849,227.89 $-2,837,738.38 New York, New York 10179 Income Summary THiS PERIOD YEAR TO DATE Dividends 1,250.00 84,524.51 Substitute Payment 0.00 157,203.20 Credit Balance Int. 0.00 674.89 Total $1,250.00 $242.402.60 Margin Int. Paid -6,689.62 -36,988.89 Portfolio Composition SHORT LONG Cash/Cash Equivalent 2,837,738 Equities 276,750 33,194,639 Total $3,114,488 $33,194,639 027 06/31/03;15:30 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD April 26,2003 THROUGH May 30, 2003 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT April 25, 2003 Your Portfolio Allocation Short Cash & Equivalent — 7% \ Short Equities <1% — Equities 92% Unshaded portions denote debt batance andicr short market values. The alocation percentage is derived from the absohte market value of your portloio, veds EFTA00196705

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 4 of6 Your Portfolio Holdings CASH & CASH EQUIVALENTS NAARKET ESTIMATED (QURRENT DESCRIPTION SYMBOU'CUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD (%} CASH BALANCE -2.837 738 TOTAL CASH & CASH EQUIVALENTS $-2,837,738 EQUITIES Equities & Options AgCT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YIELD (%) FLEXTRONICS INTERNATIONAL FLEX MAGN 100,000 10.6000 1,060,000 1D GALYANS TRADING INC GLYN MAGN 13.6900 2.053.500 HOLLINGER INTERNATIONAL ING HLA SHAT "25,000 17.0700 CLA MBNA CORP KRB MRGN 1,000,000 20.0500" 20,050,000 320,000 1.5960 TYCO INTERNATIONAL LTD Te MAGN 400,000 47.7000 ""1"770.000 5.000 4118 VECTOR GROUP LTD VGR MAGN 393,008 17.0000 6.681.136 628.813 SENTIGEN HOLDING CP ASTD | CASH 333,334 4.7400 1,580,003 Total Equities& Options $32,917,889 $948,813 TOTAL EQUITIES $32,917,889 $948,813 YOUR TOTAL ESTIMATED ANNUAL INCOME $948,813 YOUR PRICED PORTFOLIOHOLDINGS $30,080,151 027 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 COMPANY INC STATEMENT PERIOD THROUGH ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT veds April 26, 2003 May 30, 2003 On File April 25, 2003 EFTA00196706

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD April 26,2003 THROUGH Transaction Detail May 30, 2003 accout nuvecr TAXPAYER NUMBER On File DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRETION DEBIT AMOUNT CREDIT AMOUNT 05/09/03 FUNDS REC ENDS WIRED TO CITBANK FROM 16,929.13 TOTAL $16,929.13 DIVIDENDS DATE DESCRIPTION SYMBOUOUSIF QUANTITY RATE (S$) DEBIT AMOUNT CAEDIT AMOUNT 05/01/03 TYCO INTERNATIONAL LTD Ty 100,000 0.0125 1,250.00 REC 04/01/03 PAY 05/01/03 TOTAL $1,250.00 INTEREST DATE DESCRIPTION SYMBOUIOUSIF QUANTITY RATE (3) DEBIT AMOUNT CAEDIT AMOUNT 05/21/03 FROM 04/21 THRU 05/20 @2 1/2% 2.5000 6,689.62 BAL $154,711 AVBAL 3211.017 TOTAL $-6,689.62 MISCELLANEOUS TRANSACTION DESCRIFTION DEBIT AMOUNT CREDIT AMOUNT JOURNAL MARK TO MARKET 13,250.00 027 06/31/03;15:20 001 LAST STATEMENT April 25, 2003 veds EFTA00196707

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 6 of6 Transaction Detail (continued) MISCELLANEOUS (continued) OATE MOrDAY TRANSACTION DESCRIPTION DEBIT AMOUNT 05/05/03 JOURNAL MARK TO MARKET SHORT POS 2,749.00 onises ecseeneceeceesees: weneenveceecesen ses: eeceuocescuseecsveceeses | eescecseceecceseeses JOURNAL AR TO MARKET CREDIT AMOUNT “a 24g00"" JOURNAL MARK TO MARKET SHORT POS sae" ania". “teh 1 dgummmmmea elaine ,'.X Si $-59,998.00 $59,998.00 f-™ (stor) ****** End of Statement™***** V/ oz? 08/31/03;15:30 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD April 26,2003 THROUGH May 30, 2003 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT April 25, 2003 veds EFTA00196708

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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, Steans Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC ACCOUNT EXECUTIVE —ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE wew.bearstearns.com What’s In This Statement Financial Summary , » 3 Your Portfolio Holdings . » 4 Transaction Detail .....sscssseeeenees 5 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD NET DEBIT BALANCE 28,764,345 -2,849,228 NET EQUITY THIS PERIOD $25,915.117 NET EQUITY LAST STATEMENT 20,721,640 CHANGE SINCE LAST STATEMENT 5,193,477 There are no "Stop Loss’ orders or other pending buy or sell open orders on file for your account. Please report any difference or nomrecaipt of checks or stocks, indicated as delivered to you, % Client Senices at 800-634-1428; or write to Clont Services at Bear, Steams Securities Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3659. STATEMENT PERIOO March 29, 2003 April 25, 2003 accouvt nuvecr TAXPAYER NUMBER On File March 28, 2003 THROUGH FINANCIAL TRUST COMPANY INC C/O AMERICAN YACHT HARBOR * 6100 RED HOOK SUITE B-3 QUARTERS #2 ST THOMAS VI 00802 LAST STATEMENT Market Value of Your Portfolio Cash & Equivalent Ls 220228 $28,995,595 =: $-231,250 Equities $25,882,213 : $-205,250 HE current market value 8B Last statements market value [1s Short market value This summary is for informational purposes only. It ts not intended as a tax document ‘Ths statemem should be retamed for your records See reverse side for important imformation. 027 (04/26/03;12:12 001 643 EFTA00196709

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2 of 6 STATEMENT BACKER IS PRINTED ON THIS PAGE (04/26/03;12:12 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC v643 EFTA00196710

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR STEARNS 3 of 6 383 Madison Avenue Cash Flow Analysis THIS PERIOD OpeningBalance $-4,955,323.15 Funds Deposited 2,038,426.37 Dividends/Interest 80,000.00 Amount Cr ited $2,118,426.37 Dividends/Interest Charged “12,331.11 Amount Debited $-12,331.11 Net Cash Activity 2,106,095.26 Same day transfers of cash between account types are not included in this section, such transfers, as well as details for all other transactions tis period, appear in Transaction Detail Cash Balance Summary OPENING CLOSING Cash 1,557.55 2,039,983.92 Margin -5,173,129.96 -5,107,211.07 Short 216,249.26 217,999.26 Net Cash Balance $-4,955.323.15 New York, New York 10179 Income Summary ts rnin EAR TO DATE Dividends 80,000.00 83,274.51 Substitute Payment 0.00 157,203.20 Credit Balance Int. 0.00 674.89 Total... soseemneenr renee OOo OO san Margin int. Paid “11,081.11 -30,299.27 Portfolio Composition SHORT LONG Cash/Cash Equivalent 2,849,228 Equities 231,250 28,995,595 Total $3,080,478 $28,995,595 027 (04/26/03;12:12 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOG March 29, 2003 THROUGH April 25, 2003 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT March 28, 2003 Your Portfolio Allocation Short Cash & Equivalent — 8% Short Equities <1% — Equities 91% Unshaded portions denote debt batance andicr short market values, The allocation percentage is derived from the absohte market value of your portioiio. v643 EFTA00196711

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 4 of6 Your Portfolio Holdings CASH & CASH EQUIVALENTS NAARKET VALUE -2.849 228 $-2,849,228 ESTIMATED ANNUAL INCOME CURRENT DESCRIPTION YELD (} CASH BALANCE TOTAL CASH & CASH EQUIVALENTS SYMBOU'CUSIP QUANTITY PRICE EQUITIES Equities & Options ACT TYPE MAGN MARKET VALUE ESTIMATED ANNUAL INCOME CURRENT QUANTITY YELD [%) 100,000 PRIKE 8.3500 DESCRIPTION FLEXTRONICS INTERNATIONAL 1D GALYANS TRADING INC GLYN MRGN HOLLINGER INTERNATIONAL INC HLA SHAT -25,000 CLA MBNA CORP KRB MRGN TYCO INTERNATIONAL LTD TY 100,000 VECTOR GROUP LTO VGR MAGN 393,008. SENTIGEN HOLDING CP RSTD CASH 333,334 Total Equities& Options TOTAL EQUITIES SYMBOLICUSIP FLEX 835,000 2,130,000 -231,250 14.2000 9.2500 18.5500 18,550,000 14.6100 17.5000 4.5000 320,000 4.461.000 5,000 4,519,592 628,813 1,000,000 1.7251 0.3422 13.9130 1,500,003 $28,764,345 $948,813 $948,813 $28,764,345 YOUR TOTAL ESTIMATED ANNUAL INCOME YOUR PRICED PORTFOLIOHOLDINGS $948,813 $25,915,117 (04/26/03;12:12 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD March 29, 2003 April 25, 2003 accout nuvecr TAXPAYER NUMBER On File March 28, 2003 THROUGH LAST STATEMENT v643 EFTA00196712

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BEAR STEARNS 5 of6 Transaction Detail OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD March 29, 2003 THROUGH April 25, 2003 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT March 28, 2003 DEPOSITS AND WITHDRAWALS DATE TRANSACTION DEBIT AMOUNT CREDIT AMOUNT 04/23/03 FUNDS REC ENDS WIRED TO CITBANK FROM 2,038,426.37 TOTAL $2.038,426.37 DIVIDENDS DATE DESCRIPTION SYMBOUUSIF QUANTITY RATE (8) CEBIT AMOUNT CREDIT AMOUNT 04/01/03 MBNA CORP KAB 1,000,000 0.0800 80,000.00 REC 03/15; (03 PAY 04/01 cLA DIV CHG 25000 SHS SHORT REC 04/01/03 PAY 04/15/03 TOTAL $-1,250.00 $80,000.00 INTEREST DATE DESCRIPTION SYMBOUCUSIF QUANTITY RATE (%) DEBIT AMOUNT CREDIT AMOUNT 04/21/03 FROM 03/21 THRU 04/20 @2 1/2% 2.5000 11,081.11 BAL $086,879 AVBAL 5147,352 TOTAL $-11,081.11 MISCELLANEOUS DATE MavDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 03/31/03 JOURNAL MARK TO MARKET 10,999.00 027 (04/26/03;12:12 001 v643 EFTA00196713

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 6 of6 Transaction Detail (continued) MISCELLANEOUS (continued) DATE MOVDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 03/31/03 JOURNAL MARK TO MARKET SHORT POS 10,999.00 seseeseesseccecees: zprreremnensosennnenennnnenennesonenennegnennnnesteteassenenenen JOUR RR TS MARKET JOUANAT MARK TO MARKET SHORT POS S11 | C03 cc: 1 JOURNAL MARK TO MARKET SHORT $-24,998.00 f-™ stop] ****** End of Statement™***** V/ —_ 027 (04/26/03;12:12 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD March 29, 2003 THROUGH April 25, 2003 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT March 28, 2003 v643 EFTA00196714

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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 COMPANY INC ACCOUNT EXECUTIVE ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE www.bearstearns.com What’s In This Statement Financial Summary .. . 3 Your Portfolio Holdings . . 4 Transaction Detail veer 5 Your M@SS29@5 Wut 6 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD 25,676,963 NET DEBIT BALANCE -4,955,323 naa eT NET EQUITY LAST STATEMENT 19,767,115 CHANGE SINCE LAST STATEMENT 954,525 There are no "Stop Loss" orders or other pending buy or sell open orders on file for your account. Please report any difference or nomreceipt of checks or stocks, indicated as delivered to you, % Client Senices at 800-624-1428; or write to Clont Services at Bear, Steams Securities Corp., One Metrotech Center North, Broollyn, N.Y. 11201-3659. STATEMENT PERIOD March 1, 2003 March 28, 2003 accor nuvecr TAXPAYER NUMBER On File THROUGH FINANCIAL TRUST COMPANY INC C/O AMERICAN YACHT HARBOR * 6100 RED HOOK SUITE B-3 QUARTERS #2 ST THOMAS VI 00802 LAST STATEMENT Market Value of Your Portfolio Cash & Equivalent = $-4,955,323 $-5,102,196 Equities $25,882,213 : $-205,250 $25,082,311 : $-213,000 HB current market value SHB Last statements market value (1s Short market value This summary i for informational purposes only. It Is mot intended as a tax document This statement should be retained for your records. See reverse side for important information 027 (04/2903;11:19 001 v642 February 28, 2003 EFTA00196715

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2 of 6 STATEMENT BACKER IS PRINTED ON THIS PAGE (04/2903;11:19 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC W642 EFTA00196716

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR STEARNS 3 of 6 383 Madison Avenue Cash Flow Analysis THIS PERIOD OpeningBalance $-5,102,196.09 Miscellaneous 157,203.20 Amount Cr Dividends/Interest Charged ited $157,203.20 -10,330.26 $-10,330.26 Amount Debited Net Cash Activity 146,872.94 Same day Yansfers cf cash between account types are not included in this section; such transfers, as well as details for all other transactions is period, appear in Transaction Dota. Cash Balance Summary OPENING CLOSING Cash 1,557.55 1,557.55 Margin -5,320,253.90 -5,173,129.96 Short 216,500.26 216,249.26 Net Cash Balance $-5,102,196.09 $-4,955.323.15 New York, New York 10179 Income Summary a PERO YEAR TO DATE, Dividends 0.00 3,274.51 Substitute Payment 157,203.20 157,203.20 Credit Balance Int. 0.00 674.89 Margin Int. Paid -10,330.26 -19,218.16 Portfolio Composition SHORT LONG Cash/Cash Equivalent 4,955,323 Equities 205,250 25,882,213 Total $5,160,573 $25,882,213 027 (04/2903;11:19 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOG March 1,2003 THROUGH March 28, 2003 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT February 28, 2003 Your Portfolio Allocation Short Cash & Equivalent — 15% Short Equities <1% Equities 84% Unshaded portions denote debt batance andicr short market values. The alocation percentage is derived from the absohte market value of your portloio, W642 EFTA00196717

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 4 of6 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRIPTION CASH BALANCE TOTAL CASH & CASH EQUIVALENTS SYMBOU'CUSIP QUANTITY PRICE NAARKET VALUE -4.955 323 $-4,955,323 ESTIMATED ANNUAL INCOME (QURRENT YELD (%} EQUITIES Equities & Options ACT TYPE MAGN SYMBOLICUSIP FLEX QUANTITY 100,000 DESCRIPTION FLEXTRONICS INTERNATIONAL 1D GALYANS TRADING INC GLYN MRGN HOLLINGER INTERNATIONAL INC HLA SHAT -25,000 CLA MBNA CORP KRB MRGN TYCO INTERNATIONAL LTD TY 100,000 VECTOR GROUP LTO VGR MAGN 393,008. SENTIGEN HOLDING CP RSTD CASH 333,334 Total Equities& Options 1,000,000 PRIKE 9.1500 12:9000 8.2100 15.4800 13.0700 11.6500 5.0000 15,480,000 MARKET VALUE ESTIMATED ANNUAL INCOME CURRENT YIELD (%) 915,000 1,935,000 1,307,000 4,578,543 "305.250 320,000 . 5,000 628,813 2.0672 0.3826 13.7339 1.666.670 $25,676,963 $948,813 TOTAL EQUITIES $25,676,963 $948,813 YOUR TOTAL ESTIMATED ANNUAL INCOME $948,813 YOUR PRICED PORTFOLIOHOLDINGS $20,721,640 (04/2903;11:19 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD March 1, 2003 March 28, 2003 accout nuvecr TAXPAYER NUMBER On File THROUGH LAST STATEMENT W642 February 28,2003 EFTA00196718

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Transaction Detail OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD March 1, 2003 THROUGH March 28, 2003 accout nuvecr TAXPAYER NUMBER On File SUBSTITUTE PAYMENTS LAST STATEMENT —- February 28, 2003 DATE CESCRIPTION SYMBOUCUSIP QUANTITY RATE ($) CEBIT AMOUNT CREDIT AMOUNT 03/28/03 VECTOR GROUP LTD VGR 157,203.20 SUBST PAY ON SHS REC 03/21/03 ws TOTAL $157,203.20 INTEREST DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (%) CEBIT AMOUNT CAEDIT AMOUNT 03/21/03 FROM 02/21 THRU 03/20 @2 1/2% 2.5000 10,330.26 BAL $297,503 AVBAL 5312.705 TOTAL $-10,330.26 MISCELLANEOUS DATE MODAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREOIT AMOUNT 03/03/03 JOURNAL MARK TO MARKET 3,500.00 erence tenennnnes semen ppnnnennnesenenetnenanntnessanennennnnne tt 03/24/03 JOURNAL 03/24/03. MARK TO MARKET “JOURNAL MARK TO MARKET SHORT POS 22,499.00 TOTAL $-45,249.00 (04/2903;11:19 001 W642 EFTA00196719

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New = New York 10179 6 of6 Your messages ‘i Bear, Stearns Securities Corp, Net Capital and Net Capital Requirements: At November 30, 2002 and January 31, 2003, the Company's net capital of approximately $2.4 billion and $2.4 billion was approximately 7% and 7% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $716.3 million and $684.1 million by approximately $1.7 billion and $1.7 billion, all respectively. A complete copy of the Bear, Stearns Securities Corp, Statement of Financial Condition is available on the web site www.bearstearns.com_. Alternatively, to request a free printed copy please call - toll free - 1-866-299-9331, **e*** End of Statement™***** CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOO March 1, 2003 THROUGH March 28, 2003 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT February 28, 2003 ZT Pursuant to SEC Rule 11Ac1-6, please note the following: Bear Stearns & Co, Inc, will post its quarterly routing statistics at the following web link: http://Wwww,bearstearns com’, Customers of Bear, Stearns & Co, Inc, may request information on any order executed within the prior six months from the time of the request, Specifically, you may request the identity of the venue to which the identified orders were routed for execution, whether the order was directed by you to that venue, and the time of the executions, if any, that resulted from such orders, 027 (04/2903;11:19 001 V642 EFTA00196720

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue Brooklyn, New York 11201-2889 Pe STEARNS _——" 10179 ACCOUNT EXECUTIVE —ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE = wwww.bearstearns.com What's In This Statement Financial Summary ,. : 3 Your Portfolio Holdings . . 4 Transaction Detail .....sscssseeeennerns 5 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD 24,869,311 NET DEBIT BALANCE -5,102,196 NET EQUITY THIS PERIOD $19,767,115 NET EQUITY LAST STATEMENT 22,327,205 CHANGE SINCE LAST STATEMENT -2,560,090 There are no "Stop Loss’ orders or other pending buy or sell open orders on file for your account. Bear, Stearns Securities Corp. One Metrotech Center North FINANCIAL TRUST COMPANY INC STATEMENT PERIOO February 1, 2003 THROUGH February 28,2003 accout nuvecr | Pe | ery end eee TAXPAYER NUMBER On File LAST STATEMENT January 31, 2003 FINANCIAL TRUST COMPANY INC C/O AMERICAN YACHT HARBOR * 6100 RED HOOK SUITE B-3 QUARTERS #2 ST THOMAS VI 00802 Market Value of Your Portfolio Cash & Equivalent - $-5,102.196 $-5,094.865 $27,665,070 : $-243,000 HM current market value ERB] Last statement's market value [1s Short market value Please report any diference or nomreceipt of checks or stocks, indicated as delivered to you, ‘This summary is for informational purposes only. It Is not intended as a tax document, % Client Senices at 800-634-1428; cr write to Clont Services at Boar, Steams Securities ‘This statemem should be retained for your records. See reverse side for important information. Corp., One Metrotech Center North, Brooliyn, N.Y. 11201-3659. 027 03/01/03;13:32 001 ves) EFTA00196721

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2 of 5 STATEMENT BACKER IS PRINTED ON THIS PAGE 0301/03;13:32 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC EFTA00196722

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 3 of 5 Cash Flow Analysis THIS PERIOD Balance Dividends/Interest Amount Cr Dividends/Interest Charged Amount Debited Net Cash Activity ited $1,556.65 -8.887.90 $-8,887.90 -7,331.25 Same day Yansfers cf cash between account types are not included in this section; such transfers, as well as details for all other transactions is period, appear in Transaction Dota. Cash Balance Summary OPENING CLOSING Cash 0.90 1,557.55 Margin -5,337,366.00 -5,320,253.90 Short 242,500.26 216,500.26 Net Cash Balance $-5,094,864.84 $-5,102,196.09 Income Summary Tos PERIOD YEAR TO DATE Dividends 1,250.00 3,274.51 Credit Balance Int. 306.65 674.89 Total $1,556.65 $3 949.40 Margin Int. Paid -8,887.90 -8,887.90 Portfolio Composition SHOAT LONG Cash/Cash Equivalent 5.102.196 Equities 213,000 25,082,311 Total $5,315,196 $25,082,311 027 0301/03;13:32 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOO February 1, 2003 THROUGH ACCOUNT NUMBER February 28, 2003 TAXPAYER NUMBER On File January 31, 2003 LAST STATEMENT Short Cash & Equivalent: 16% Short Equities- <1% Your Portfolio Allocation Equities 83% Unshaded portions denote debt batance andicr short market values. The alocation percentage is derived from the absohte market value of your portloio, ves EFTA00196723

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 405 Your Portfolio Holdings CASH & CASH EQUIVALENTS NAARKET QUANTITY PRICE VALUE -5.102,196 $-5.102,196 (QURRENT YELD (%} ESTIMATED DESCRIPTION ANNUAL INCOWE CASH BALANCE TOTAL CASH & CASH EQUIVALENTS SYMBOL/CUSIP EQUITIES Equities & Options ESTIMATED ANNUAL INCOME CURRENT YIELD (%) ACT MARKET SYMBOUCUSIP TYPE QUANTITY PRICE VALUE MAGN DESCRIPTION FLEXTRONICS INTERNATIONAL FLEX 1D GALYANS TRADING INC GLYN MRGN HOLLINGER INTERNATIONAL INC HLA SHAT -25,000 CLA MBNA CORP KRB MRGN TYCO INTERNATIONAL LTD TY 100,000 VECTOR GROUP LTO VGR MAGN 393,008. SENTIGEN HOLDING CP RSTD CASH 333,334 Total Equities& Options TOTAL EQUITIES 100,000 8.6800 868,000 1,579,500 -213,000 10.5300 8.5200 320,000 . 5,000 628,813 13.8500 13,850,000 14.8000 13.7100 5.7500 2.3105 0.3378 11.6703 1,000,000 1,480,000 5,388,140 1.916.671 $24,869,311 $948,813 $948,813 $24,869,311 YOUR TOTAL ESTIMATED ANNUAL INCOME YOUR PRICED PORTFOLIOHOLDINGS $948,813 $19,767,115 027 0301/03;13:32 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOO February 1, 2003 February 28, 2003 accout nuvecr TAXPAYER NUMBER On File January 31, 2003 THROUGH LAST STATEMENT ves1 EFTA00196724

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Con Bear, Stearns & Co. Inc. One Mebane ‘Center ‘eae 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST COMPANY INC 5 os THROUGH Transaction Detail ACCOUNT NUMBER TAXPAYER NUMBER On File January 31, 2003 STATEMENT PERIOO February 1, 2003 February 28, 2003 DIVIDENDS LAST STATEMENT DATE CESCRIPTION SYMBOUCUSIP QUANTITY RATE ($) OEBIT AMOUNT (CREDIT AMOUNT 02/03/03 TYCO INTERNATIONAL LTD Ty 100,000 0.0125 1,250.00 REC 01/02/03 PAY 02/03/03 TOTAL $1,250.00 INTEREST DATE DESCRIPTION SYMBOUICUSIP QUANTITY AATE (%) DEBIT AMOUNT CAEDIT AMOUNT 02/21/03 INTEREST ONCREDIT BALANCE 0.7500 306.65 AT 0 3/4% 01/21 THRU 02/20 FROM 01/21 THRU 02/20 @21 2.5000 8,887.90 BAL 5317,866 AVBAL 4128572 TOTAL $-8,887.90 $306.65 DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT MARK TO MARKET HAKBK TS MARKET SHORT POS TARR TO MARKET JOURNAL MARK TO MARKET SHORT POS 15,750.00" $-26,000.00 $26,000.00 027 03/01/03;13:32 001 EFTA00196725

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OFFICE SERVICING YOUR ACCOUNT BEAR STEARNS ACCOUNT EXECUTIVE —ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE What’s In This Statement www.bearstearns.com Financial Summary , ' Your Portfolio Holdings . . Transaction Detail ......s.ssesssesserssseeerees Fund Activity ..sscsssssrssssrssecesnesesnsvaseseesens YOUr MESSAGES .....seesesseeessseeseeseeeenecensens onuwr Ww Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD NET DEBIT BALANCE 27,422,070 5,094,865 NET EQUITY THIS PERIOD $22,327,205 NET EQUITY LAST STATEMENT 12,964,836 CHANGE SINCE LAST STATEMENT 9,362,369 There are no "Stop Loss” orders or other pending buy or sell open orders on file for your account. Ploase mport any difference cr noe-roceigt of checks or stocks, indicated as delivered to you, © Client Senices at 800-624-1428; or write to Clam Services at Bear, Steams Securities Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3659. Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 FINANCIAL TRUST COMPANY INC C/O AMERICAN YACHT HARBOR * 6100 RED HOOK SUITE B-3 QUARTERS #2 ST THOMAS VI 00802 Market Value of Your Portfolio $-5,094,865 Cash & Equivalent fora, 550% Equities $27,665,070 $10,010,423 : $-254,000 | | Current market value $288] Last statements market value [Short market value This summary i for informational purposes only. It Is mot intended as a tax document This statement should be retained for your records. See reverse side for Important information. oz? 0210103;15:36 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD January 1, 2003 THROUGH January 31, 2003 accor nuvecr TAXPAYER NUMBER On File LAST STATEMENT December 31,2002 : $-243,000 ves0 EFTA00196726

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2 of8 STATEMENT BACKER IS PRINTED ON THIS PAGE 0201/03;15:36 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC EFTA00196727

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BEAR STEARNS 3 of8 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 Cash Flow Analysis THIS PERIOD OpeningBalance $877,180.97 Money Fund 2,339,825.50 Funds Deposited 8,000,000.00 Dividends/Interest 368.24 Amount Credited $10,340.193.74 Securities Bought -16,307,705.00 Money Fund -3,284.55 Dividends/Interest Charged 1,250.00 Amount Debited Net Cash Activity -5,972,045.81 Same day tansfers of cash between account types are mot included in this section; auch transfers, as well as details for all other transactions this period, appear in Transaction Detel. Cash Balance Summary OPENING CLOSING Cash 448,954.71 0.90 Margin 166,977.00 -5,337,366.00 Short 261,249.26 242,500.26 Net Cash Balance $877,180.97 $-5,094.864.84 Income Summary THS PERIOD YEAR TO DATE Dividends 2,024.51 2,024.51 Credit Balance Int. 368.24 Total . $2,392.75 $2,392.75 Portfolio Composition SHORT LONG Cash/Cash Equivalent 5,094,865 Equities 243,000 27,665,070 027 0201/03;15:36 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD January 1, 2003 January 31, 2003 accout nuvecr TAXPAYER NUMBER On File THROUGH LAST STATEMENT December 31,2002 Your Portfolio Allocation Short Cash & Equivalent— 15% Short Equities <1% Equities 84% Unshaded portions denote debt batance andicr short market values. The alocation percentage is derived from the absohte market value of your portloio, ves0 EFTA00196728

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 4 of8 Your Portfolio Holdings CASH & CASH EQUIVALENTS NAARKET ESTIMATED (QURRENT DESCRIPTION SYMBOU'CUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD (%} CASH BALANCE -5.094 865 TOTAL CASH & CASH EQUIVALENTS $-5,094,865 EQUITIES Equities & Options AgCT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YIELD (%) FLEXTRONICS INTERNATIONAL FLEX MAGN 100,000 8.0600 806,000 1D GALYANS TRADING INC GLYN MRGN 10.1400 1.521.000 HOLLINGER INTERNATIONAL INC HLA SHAT "25,000 9.7200 CLA zn nz anna v9.31 23 12.3935 TYCO INTERNATIONAL LTD Te MAGN 400,000 16.0100 1.601.000 5.000. VECTOR GROUP LTD VGR MAGN 393,008 129100 5,073,733 628813 SENTIGEN HOLDING CP ASTD | CASH 333,334 5.5000 1,833,337 Total Equities& Options $27,422,070 $948,813 TOTAL EQUITIES $27,422,070 $948,813 YOUR TOTAL ESTIMATED ANNUAL INCOME $948,813 YOUR PRICED PORTFOLIOHOLDINGS $22,327,205 027 0201/03;15:36 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD January 1, 2003 THROUGH ACCOUNT NUMBER January 31, 2003 TAXPAYER NUMBER On File LAST STATEMENT vé40 December 31, 2002 EFTA00196729

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BEAR STEARNS 5 of6 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT = TRADE DATE OATE TRANSACTION 01/27/03 JOURNAL oTETIG 7103" JOURNAL OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 DESCRIPTION FLEXTRONICS INTERNATIONAL v JOURNAL FROM TYPE 1 TO 2 JOURNAL FROM TYPE 1 TO 2 VCS INTERNATIONAL Ti" JOURNAL FROM TYPE 1 TO 2 JOURNAL FROM TYPE 1 TO 2 FLEXTRONICS INTERNATIONAL LID SYMBOLICUSIP FLEX yar vtrnmennenne eu ennnennn venue en narnnenneannnennennennss appz tnnnnnnisaennenne CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD January 1, 2003 THROUGH January 31, 2003 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT December 31, 2002 QUANTITY PRICE -100,000 DEBIT AMOUNT CREDIT AMOUNT “400,000 JOURNAL FROM TYPE 1 TO 2 OTB7I03 01/28/03 01/23/03 BOUGHT TOTAL JOURNAL FROM TYPE 1 TO 2 VECTOR GROUP LTD JOURNAL FROM TYPE 1 TO 2 MBNA CORP UNSOLICITED AS OF 01/23/03 KRB 393,008" 1,000,000 16.24770 16,307,705.00 $-16.307,705.00 DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRIPTION 01/27/03 FUNDS REC FNDS WIRED TO CITBANK FROM DEBIT AMOUNT (CREDIT AMOUNT 8,000,000.00 TOTAL $8,000.000.00 027 02101/03;18:36 001 vé40 EFTA00196730

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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 Brooklyn, New York 11201-3859 STEARN S — i 10179 FINANCIAL TRUST COMPANY INC 6 of8 STATEMENT PERIOD January 1, 2003 THROUGH January 31, 2003 Transaction Detail (continued) accouvt xumccr | TAXPAYER NUMBER On File MONEY FUND ACTIVITY LAST STATEMENT © December 31, 2002 DATE MO'DAY TRANSACTION DESCAIPTION SYMBOUCUSIP QUANTITY PRICE OEBIT AMOUNT (CREDIT AMOUNT 01/01/03 OPENINGBALANCE 2,331 ,231.89 tae . (DIVIDEND REINVESTED — INSTITUTIONAL SHARE: INSTITUTIONAL SHARES INSTITUTIONAL SHARES DIVS 01/31/03 CLOSINGBALANCE 0.00 TOTAL $-3,284.55 $2,339,825.50 DIVIDENDS DATE DESCRIPTION SYMBOUCUSIF QUANTITY RATE (8) CEBIT AMOUNT CREDIT AMOUNT 01/02/03 HOLUINGER INTERNATIONAL INC HLR 1,250.00 CLA DIV CHG 25000 SHS SHORT REC 01/01/03 PAY 01/15/03 TOTAL $-1,250.00 027 02101/03;15:36 001 ves0 EFTA00196731

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BEAR STEARNS 7 of6 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 Transaction Detail (continued) INTEREST CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD January 1, 2003 THROUGH January 31, 2003 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT December 31, 2002 DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE [sb DEBIT AMOUNT CREDIT AMOUNT 01/21/03 INTEREST ONCREDIT BALANCE 0.7500 100.20 AT 0 3/4% 12/21 THRU 12/30 AT 0 3/4% 12/31 THRU 01/20 o12ti03 TOTAL $368.24 MISCELLANEOUS DATE MO/DAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 01s JOURNAL MARK TO MARKET 5,250.00 Ov isi0s NOTANAT Orisa WOUANAT oreier” “JOUANAT O1/27103 oraz 0s JOURNAL JOURNAL JOURNAL JOURNAL ATARI TO MARKET JOURNAL FROM TYPE 1102 MARK TO MARKET MARK TO MARKET MARK TO MARKET SHORT POS JOURNAL FROM TYPE 110 2 JOURNAL FROM TYPE 1T0 2 134900"" 2,336,541.00 8,000,000.00 $-10,813,862.00 $10,813.862.00 0201/03;15:36 001 vé40 EFTA00196732

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 8 of6 Your messages LZ The interest, if any, charged to your account during December 2002 was computed on the net debit balance through December 30, The interest, if any, charged to your account during January 2003 is computed from December 31, 2002, (stor ****** End of Statement™***** A \ —— 027 02101/03;18:36 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD January 1, 2003 THROUGH January 31, 2003 account nuvecr TAXPAYER NUMBER On File LAST STATEMENT December 31, 2002 vé40 EFTA00196733