Statements EFTA00196824

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST COMPANY INC STATEMENT PERIOG December 1,2005 THROUGH December 30, 2005 account numecr = WleaedDesabsedsDLasseedelsealsalluabeallscll TAXPAYER NUMBER On File LAST STATEMENT November 30,2005 FINANCIAL TRUST COMPANY INC C/O AMERICAN YACHT HARBOR 6100 RED HOOK SUTE B-3 QUAETERS #2 ST THOMAS VI 00802-1348 ie Pursuant to your previously issued instructions, Bear Stearns Securities Corp, provides duplicate monthly statements and/or transaction confirmations to the third parties listed on the cover page of this statement. If you wish to modify or cease distribution to any of the recipients indicated, please contact your Account Executive. This reminder notice will continue to be provided to you on your quarterly statements, Third Party J EPSTEIN & CO 457 MADISON AVE 4TH FLOOR NEW YORK NY 10022 027 12/31/0808:00 001 vasa EFTA00196825

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS _—<—" ‘°° ACCOUNT EXECUTIVE = ZICHERMAN, IRA TevePHone VISIT OUR WEBSITE www.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 PERIOO December 1, 2005 THROUGH December 30, 2005 account numecr = Wave DessdeatsVMesssedalasel soll salealbaall TAXPAYER NUMBER On File LAST STATEMENT November 30, 2005 Financial Summary . 3 FINANCIAL TRUST COMPANY INC Your Portfolio Holdings 4 C/O AMERICAN YACHT HARBOR Transaction Detail ieee 6 6100 RED HOOK SUTE B-3 Fund ACtiVity suussssensssmsennnns — 6 QUAETERS #2 Your Messages 8 ST THOMAS VI 00802-1348 Your Portfolio at a Glance Market Value of Your Portfolio if any information regarding 2005interest, dividends, Cash & Equivalent SF cca ae miscellaneous income, gross TOTAL VALUE OF SECURITIES THIS PERIOD 37,445,002 $15,334,419 proceeds or original Issue MONEY MARKET FUND BALANCE 9,438,024 Equities $37,445,002 discount is required to be $37,353,781 reported to the IAS for this NET EQUITY THIS PERIOD $46,883,026 account, a Consolidated Form sesesesussaneeeeeeensennnasnnoescessnuunnnsusssscessenesssssauuteenenenenrenennensoss atest HME Current market value 1099will be mailed to you by GBBL Last statements market value January 31,2006or a 1042S NET EQUITY LAST STATEMENT 52,688,200 by March 15,2008. CHANGE SINCE LAST STATEMENT -5,805,174 There are no "Stop Loss’ orders or other pending buy or sell open orders on file for your account. Please report any difference or nomraceipt of checks or stocks, indicated as delivered to you, % Client Senices at 800-634-1428; of write to Clent Services at Bear, Steams Securities Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3859. This summary §s for informational purposes only. It s not intended as a tax document ‘This statemem should be retained for your records. See reverse side for important information, 027 12/31/08;09:00 001 vasa EFTA00196826

--=PAGE_BREAK=--

2 of8 STATEMENT BACKER IS PRINTED ON THIS PAGE 12/31/0509:00 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC vasa EFTA00196827

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 3 of@ Cash Flow Analysis THIS PERIOD $0.00 OpeningBalance Money Fund 12,039,769.94 Funds Deposited 6,000,000.00 Dividends/ Interest 63,835.60 Amount Credited $18,103,605.54 -6,103,605.54 -12,000,000.00 Money Fund Funds Withdrawn Amount Debited $-18,103,605.54 $0.00 Closing Balance Income Summary THS PERIOD YEAR TO DATE Dividends 103,605.54 2,657,200.46 Credit Balance Int. 0.00 2,395.40 Total 7 . Foreign Tax Withheld 0.00 -2,227.67 Margin Int. Paid 0.00 -40,999.17 Portfolio Composition Cash/Cash Equivalent 9.438.024 Equities 37,445,002 027 12/31/05;08:00 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD December 1, 2005 THROUGH December 30, 2005 TAXPAYER NUMBER On File ACCOUNT NUMBER LAST STATEMENT November 30,2005 Your Portfolio Allocation Cash & Equivalent 21% Equities 79% Unshaded portions denote debt balance andicr short market values. The alocation percemage is derved from the absokte market value of your porttoib. vasa EFTA00196828

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metrotech Center North BEAR 383 Madison Avenue Brocklyn, New York 11201-2859 STEARNS New _ New York 10179 Pe FINANCIAL TRUST COMPANY INC 4 oe STATEMENT PERIOO December 1, 2005 THROUGH December 30, 2005 accout wuwccr IS TAXPAYER NUMBER On File Your Portfolio Holdings LAST STATEMENT — Novernber 30, 2005 CASH & CASH EQUIVALENTS NAARKET ESTIMATED = CURRENT DESCRIPTION SYMBOUCUSIP QUANTITY PRICE VALUE ANNUAL INCOME YIELD [%} DREYFUS CASH MANAGEMENT-CL A DICKK 9,438,024.33 1.0000 9,438,024 358,645 3.8000 INSTITUTIONAL SHARES EST. 30 DAY AVG YIELD _4,1100% TOTAL CASH & CASH EQUIVALENTS $9,438,024 $358,645 EQUITIES Equities & Options The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the Firm's Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: O = Outperform; P = Peer Perform; U = Underperform, The second rating represents the rating of the coverage universe relative to the regional broader market index, The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market Underweight. In cases where a BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed, where such research is available, The various providers have normalized their ratings systems as follows: B = Buy; H = Hold; S = Sell. The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal or investment advice, Bear Stearns is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider, The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost, Customers can access this research at www.bearsteams.com or can call (800) 517-2327 to request that a copy of this research be sent to them, AoCT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TE QUANTITY PRIE VALUE _ ANNUAL INCOME YELD [%} APPLE COMPUTER INC AAPL CASH 20,000 71.8900 1,437,800 BSC RATING: STOCK P/SECTOR MW powaa's ALTERNATIVE VIEWPOINT BEAR STEARNS COMPANIES INC BSC CASH 130,000 115.5300 15,018,900 145,600 0.9694 oz? 12/31/08;09:00 001 vasa EFTA00196829

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North BEAR 383 Madison Avenue Brocklyn, New York 11201-2859 STEARNS New York New York 10179 fl Le FINANCIAL TRUST COMPANY INC 5 of6 STATEMENT PERIOO December 1, 2005 THROUGH December 30, 2005 Your Portfolio Holdings (continued) account wumecr TAXPAYER NUMBER On File sas . LAST STATEMENT Novernber 30, 2005 Equities & Options (continued) ACCT MARKET ESTIMATED CURRENT DESCRETION SYMBOLICUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YELD (4) COLGATE PALMOLIVE CO ch CASH 56,200 54.8500 3,082,570 65,192 2.1149 BSC RATING: STOCK O/SECTOR MW ARGUS FUNDAMENTAL RESEARCH RATING: B DEERFIELD TRIARC CAP CORP | CASH 1,000,000 13.7000 13,700,000 ACCREDITED INVESTORS ENVIRONMENTAL SOLUTIONS ESWW CASH 100,000 0.7000 70,000 WORLDWIDE INC KEAZNER INTERNATIONAL LTD KZL CASH 10,000 68.7500 687,500 BSC RATING: STOCK O/SECTOR MW VECTOR GROUP LTD VGR CASH 159,589 18.1700 2,899,732 255,342 8.8057 WYNN RESORTS LTD WYNN CASH 10,000 54.8500 548,500 BSC RATING: STOCK P/SECTOR MW WALL STREET STRATEGIES RATING: B Total Equities& Options $37,445,002 $466,134 TOTAL EQUITIES $37,445,002 $466,134 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $824,779 YOUR PRICED PORTFOLIOHOLDINGS $46,883,026 027 12/31/0509:00 001 vasa EFTA00196830

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST COMPANY INC 6 of8 STATEMENT PERIOD December 1, 2005 THROUGH December 30, 2005 Transaction Detail we an TAXPAYER NUMBER On File DEPOSITS AND WITHDRAWALS LAST STATEMENT — November 30, 2005 DATE TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 12/05/05 END WIRED MD: FNDS WIRED TO 1,000,000.00 cl {2i0si05 END WIRED Nia lll Nios WikED TS 40,000,000.00 TOTAL $-12,000,000.00 $6,000,000.00 MONEY FUND ACTIVITY DATE MO'DAY TRANSACTION: DESCRIPTION SYMBOUCUSIP QUANTITY PRICE OESIT AMOUNT (CREDIT AMOUNT 12/01/05 OPENINGBALANCE 15,334,418.79 INSTITUTIONAL SHARES MONTHLY DIVIDEND INSTITUTIONAL SHARES DIVIDEND REINVEST INSTITUTIONAL SHARES 12/05/05 SOLD DREYFUS CASH MANAGEMENT-CL A DICXX -10,000,000 1.0000 10,000,000.00 INSTITUTIONAL SHARES 027 12/31/08,09:00 001 vasa EFTA00196831

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North BEAR 383 Madison Avenue Brocklyn, New York 11201-2859 STEARNS New York, New York 10179 | FINANCIAL TRUST COMPANY INC 7 of6 STATEMENT PERIOO December 1, 2005 THROUGH December 30, 2005 Transaction Detail (continued) com wc I TAXPAYER NUMBER On File MONEY FUND ACTIVITY (continued) LAST STATEMENT Novernber 30, 2005 DATE MODAY TRANSACTION: DESCAIPTION SYMBOUCUSIP QUANTITY PRICE OEBIT AMOUNT CREDIT AMOUNT 12/14/05 SOLD OREYFUS CASH MANAGEMENT-CL A DICK -1,000,000 1.0000 1,000,000.00 INSTITUTIONAL SHARES INSTITUTIONAL SHARES INSTITUTIONAL SHARES 12/30/05 CLOSINGBALANCE 9,438.024.33 TOTAL $-6,103,605.54 $12,039,769.94 DIVIDENDS DATE DESCRIPTION SYMBOUCUSIF QUANTITY RATE (8) DEBIT AMOUNT CREDIT AMOUNT 12/29/05 VECTOR GROUP LTD VGR 159,589 0.4000 63,835.60 REC 12/20/05 PAY 12/29/05 TOTAL $63,835.60 oz? 12/31/08;09:00 001 vasa EFTA00196832

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. Cre Mewatuch Contr Newt 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 | FINANCIAL TRUST COMPANY INC 8 of8 STATEMENT PERIOO December 1, 2005 THROUGH December 30, 2005 account xumecr = TAXPAYER NUMBER On File Your messages LAST STATEMENT Novernber 30, 2005 EZ As part of the National Association of Securities Dealer's (NASD) Investor Education Program, you may obtain information on the NASD's Public Disclosure Program by contacting the NASD at telephone number (800) 289-9999 or via the intemet address which is www,nasdr,com, In addition, a brochure explaining the Public Disclosure Program is available from the NASD upon request, STOP: ****** End of Statement****** \—/ 027 12/31/08;09:00 001 vasa EFTA00196833

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS _——" 10179 ACCOUNT EXECUTIVE = ZICHERMAN, IRA TevePHone VISIT OUR WEBSITE www.bearstearns.com What’s In This Statement Financial Summary , ' Your Portfolio Holdings . Transaction Detail ......s.ssssessesesseeerees Fund Activity ..ssessssssrssnessesctenessecaneseensaes ons Ww Your Portfolio at a Glance CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOG November 1, 2005 THROUGH November 30,2005 accout wumccr AS Wane DessdestsPlessselalaselsollsslealasl TAXPAYER NUMBER On File LAST STATEMENT October 31, 2005 FINANCIAL TRUST COMPANY INC C/O AMERICAN YACHT HARBOR 6100 RED HOOK SUTE B-3 QUAETERS #2 ST THOMAS VI 00802-1348 Market Value of Your Portfolio $15,334,419 TOTAL VALUE OF SECURITIES THIS PERIOD © 37,353,781 “8h & Equivalent a ss MONEY MARKET FUND BALANCE 15,334,419 eT NET EQUITY LAST STATEMENT 49,871,187 CHANGE SINCE LAST STATEMENT 2,817,013 There are no "Stop Loss" orders or other pending buy or sell open orders on file for your account. Please report amy diference or non-receipt of checks or stocks, indicated as delivered 0 you, % Client Services at 800-614-1428; of write to Clent Services at Bear, Steams Securities Corp., One Matrotoch Center North, Bmokyn N.Y. 11201-3859. $37,353,781 HE Current market value ey Last statements market value () Short market value 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 oz? 12/01/08;07:35 001 vasa EFTA00196834

--=PAGE_BREAK=--

2 of8 STATEMENT BACKER IS PRINTED ON THIS PAGE 12/01/0507:35 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC vasa EFTA00196835

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 3 of8 Cash Flow Analysis THIS PERIOD Balance $4,531.74 Securities Sold 2,682,277.75 Money Fund 6,103.61 Funds Deposited 234,432.12 Dividends/Interest 330,798.00 Money Fund -3,253.611.48 Dividends/Interest Charged 4,531.74 Amount Debit _ssresreetsseresessoreenneeree Net Cash Activity ~4,531.74 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 OFENING. CLOSING Cash 4,531.74 0.00 Net Cash Balance $4,531.74 $0.00 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 November 1, 2005 THROUGH November 30,2005 accout wuwccr IS TAXPAYER NUMBER On File Income Summary sen YEAR TO DATE LAST STATEMENT October 31, 2005 Dividends 336,901.61 2,553,594.92 Credit Balance Int. 0.00 2,395.40 Foreign Tax Withheld 0.00 -2,227.67 Margin Int. Paid ~4,531.74 -40,999.17 Portfolio Composition Cash/Cash Equivalent 15,334,419 Equities 37,353,781 Total ‘ ‘ $52,688,200 Your Portfolio Allocation Cash & Equivalent. 30% Equities 70% Unshaded portions denote debt batance andicr short market values. The alocation percentage is derived from the absohte market value of your portloio, 027 12/01/08;07:35 001 vasa EFTA00196836

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North BEAR 383 Madison Avenue Brocklyn, New York 11201-2859 New York New York 10179 a STEARNS — FINANCIAL TRUST COMPANY ING 4 oe STATEMENT PERIOG November 1, 2005 THROUGH November 30,2005 accout wuwccr IS TAXPAYER NUMBER On File Your Portfolio Holdings LAST STATEMENT October 31, 2005 CASH & CASH EQUIVALENTS NAARKET ESTIMATED CURRENT DESCRICTION SYMBOLICUSIP QUANTITY PRICE VALUE ANNUAL INCOME YIELD ('%} DREYFUS CASH MANAGEMENT-CL A DICKX 15,334,418.79 1.0000 15,334,419 567,373 3.7000 INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 3 9000% TOTAL CASH & CASH EQUIVALENTS $15,334,419 $567,373 EQUITIES Equities & Options The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the Firm's Equity Research Department, The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: O = Outperform; P = Peer Perform; U = Underperform, The second rating represents the rating of the coverage universe relative to the regional broader market index, The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market Underweight, In cases where a BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed, where such research is available. The various providers have normalized their ratings systems as follows: B = Buy; H = Hold; S = Sell. The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal or investment advice, Bear Stearns is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider, The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons, Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost, Customers can access this research at www ,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them, AgcT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TE QUANTITY PRE VALUE ANNUAL INCOME YELD (%} APPLE COMPUTER INC AAPL CASH 20,000 67.8200 1,356,400 BSC RATING: STOCK O/SECTOR MW BOYAR'S ALTERNATIVE VIEWPOINT RATING: S BEAR STEARNS COMPANIES INC BSC CASH 130,000 110.9900 14,428,700 130,000 0.9010 027 12/01/08;07:35 001 vasa EFTA00196837

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North BEAR 383 Madison Avenue Brocklyn, New York 11201-2859 STEARNS New York New York 10179 as Le FINANCIAL TRUST COMPANY INC 5 of6 STATEMENT PERIOG November 1, 2005 THROUGH November 30,2005 Your Portfolio Holdings (continued) account wumecr TAXPAYER NUMBER On File eas . LAST STATEMENT October 31, 2005 Equities & Options (continued) ACCT WAARKET ESTIMATED CURRENT DESCRIPTION ‘SYMBOU'CUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) COLGATE PALMOLIVE CO cL CASH 56,200 54.5200 3,064,024 65.192 2.1277 BSC RATING: STOCK O/SECTOR MW ARGUS FUNDAMENTAL RESEARCH RATING: B DEERFIELD TRIARC CAP CORP cs 1,000,000 14.2100 14,210,000 ACCREDITED INVESTORS ENVIRONMENTAL SOLUTIONS ESWW CASH 100,000 0.7960 79,600 WORLDWIDE INC KERZNER INTERNATIONAL LTD K2L CASH 10,000 65.0100 650,100 BSC RATING: STOCK O/SECTOR MW NED DAVIS RESEARCH RATING: 8 VECTOR GROUP LTD VGR CASH 159,589 18.8400 3,006,657 255,342 8.4926 WYNN RESORTS LTD WYNN CASH 10,000 55.8300 558,300 BSC RATING: STOCK P/SECTOR MW WALL STREET STRATEGIES RATING: B Total Equities& Options $37,353,781 $450,534 TOTAL EQUITIES $37,353,781 $450,534 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $1,017,907 YOUR PRICED PORTFOLIOHOLDINGS $52,688,200 027 12/01/08;07:35 001 vasa EFTA00196838

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS a" 10179 6 of8 FINANCIAL TRUST COMPANY INC STATEMENT PERIOO November 1, 2005 THROUGH November 30, 2005 Transaction Detail account wumccr | TAXPAYER NUMBER On File INVESTMENT ACTIVITY LAST STATEMENT October 31, 2005 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT GREOIT AMOUNT 11/21/05 JOURNAL CALL COLGATE PALM NOVO55**** 1941629K1 200 EXP 11/19/2005 Sdib ‘COLGATE PALMOLIVE CO UNSOLICITED TOTAL $2,682,277.75 "53.70780 2682,.277.75 DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRETION DEBIT AMOUNT CREDIT AMOUNT 11/07/05 FUNDS REC FNDS WIRED TO CITIBANK FROM 91,131.25 11/08/05 FUNDS REC FNDS WIRED TO CITIBANK FROM 143,300.87 a TOTAL $234,432.12 MONEY FUND ACTIVITY DATE MOVDAY TRANSACTION DESCAIPTION SYMBOUCUSIP QUANTITY PRICE OEBIT AMOUNT CREDIT AMOUNT 11/01/05 OPENINGBALANCE 12,080,807.31 {1/01/05 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICKK 4531.74 1.0000 4,531.74 INSTITUTIONAL SHARES ssi nisin i se INSTITUTIONAL SHARES MONTHLY DIVIDEND 027 12/01/05,07:35 001 vase EFTA00196839

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST COMPANY INC 7 of6 STATEMENT PERIOO November 1, 2005 THROUGH November 30, 2005 Transaction Detail (continued) commen A! TAXPAYER NUMBER On File MONEY FUND ACTIVITY (continued) LAST STATEMENT October 31, 2005 DATE MOVDAY TRANSACTION DESCAIPTION SYMBOUCUSIP QUANTITY PRICE DeSIT AMOUNT CAEDIT AMOUNT 11/01/05 REINVEST OREYFUS CASH MANAGEMENT-CL A DICK 6,103.61 6,103.61 INSTITUTIONAL SHARES DIVIDEND REINVEST {1107108 BOUGHT DREYFUS CASH MANAGEMENT-CL A BGK 91.131.25 7/0000 91.131.25 INSTITUTIONAL SHARES 17/09/05 BOUGHT DREYFUS CASH MANAGEMENT-CL A Bic 143.300.87 "”"7"6000 143,300.87 INSTITUTIONAL SHARES: INSTITUTIONAL SHARES INSTITUTIONAL SHARES 5 BOUGHT DREYFUS CASH MANAGEMENT-CL A” DICK 2.682.277.75 INSTITUTIONAL SHARES "T0000 “368227775 11/30/05 CLOSINGBALANCE 15,334,418.79 TOTAL $-3,253.611.48 $6,103.61 DIVIDENDS DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE ($) CEBIT AMOUNT CREDIT AMOUNT 11/15/05 COLGATE PALMOLIVE CO cL 106,200 0.2900 30,798.00 REC 10/26/05 PAY 11/15/05 ACCREDITED INVESTORS AD 11/07 PD 11/21 RT 30000 CSH DIV ON 1000000 SHS CASH DIV TOTAL $330,798.00 027 12/01/08;07:35 001 vase EFTA00196840

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 FINANCIAL TRUST COMPANY INC 8 of6 STATEMENT PERIOD November 1, 2005 THROUGH November 30, 2005 Transaction Detail (continued) accouvt xumecr A TAXPAYER NUMBER On File INTEREST LAST STATEMENT October 31, 2005 DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (%) CEBIT AMOUNT CREDIT AMOUNT 11/21/05 INT OB 4,531.74 10/21 - 11/ 5O000% BAL 0 AVG 1169481 TOTAL $-4,.531.74 MISCELLANEOUS TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 5 JOURNAL JOURNAL FROM TYPE 1102 TOTAL $-4,531.74 $4,531.74 f_™ stop] **e*** End of Statement™***** \ / = 027 12/01/08,07:35 001 vase EFTA00196841

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York New York 10 ACCOUNT EXECUTIVE = ZICHERMAN, IRA TevePHone VISIT OUR WEBSITE www.bearstearns.com What’s In This Statement Financial Summary , : Your Portfolio Holdings . Transaction Detail .......s.sessessseresseeerees Fund ACtivity wsssessssserssneessstensssecaneseensaes NOS W Your Portfolio at a Glance Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 179 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD October 1, 2005 THROUGH October 31, 2005 accout wunccr (AS Wave DessdestsPDesssedalaselselasbealbasl TAXPAYER NUMBER On File LAST STATEMENT September 30, 2005 FINANCIAL TRUST COMPANY INC C/O AMERICAN YACHT HARBOR 6100 RED HOOK SUTE B-3 QUAETERS #2 ST THOMAS VI 00802-1348 Market Value of Your Portfolio $12,085,339 TOTAL VALUE OF SECURITIES THIS PERIOD 37,785,848 Cash & Equivalent $155,790 NET CREDIT BALANCE 4,532 MONEY MARKET FUND BALANCE 12,080,807 NET EQUITY LAST STATEMENT 82,636,678 CHANGE SINCE LAST STATEMENT -32,765,491 There are no “Stop Loss’ orders or other pending buy or sell open orders on file for your account. Please report amy difference of non-receipt of checks of stocks, indicated as delivered to you, % Client Services at 800-614-1428; of write to Clent Services at Bear, Steams Securities Corp., One Matrotoch Center North, Bmokyn N.Y. 11201-3859. 7.790.848 : $-5.000 ee LEE sx0 sea.0n + 000 HE Current market value SESY Last statements market value ([) Short market value This summary is for informational purposes only. It ts not intended as a tax document ‘Ths statemem should be retamed for your records See reverse side for important imformation. oz? 11/01/08;08:24 001 vas? EFTA00196842

--=PAGE_BREAK=--

2 of 0 STATEMENT BACKER IS PRINTED ON THIS PAGE 11/01/0506:34 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC EFTA00196843

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 3 of 10 Cash Flow Analysis THIS PERIOD Balance $0.00 Securities Sold 18,015,157.21 Money Fund 670,921.28 Dividends/Interest 223,003.00 Miscellaneous 19,716,376.76 Securities Bought -989,905.00 Money Fund -12,594,554.08 Dividends/Interest Charged -36.467.43 Miscellaneous -25,000,000.00 Amount Debited . $-38,620,926.51 Net Cash Activity 4,531.74 Same day Yansters cf cash betwoon account types are not inckuded 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 4,531.74 Net Cash Balance Income Summary THiS PERIOD YEAR TO DATE Dividends 224,387.50 2,216,693.31 Credit Balance Int. 0.00 2,395.40 Foreign Tax Withheld 0.00 -2,227.67 Margin Int. Paid -36,467.43 -36,467.43 Portfolio Composition SHORT LONG Cash/Cash Equivalent 12,085,339 Equities 5,000 37,790,848 Total $5,000 $49.876,187 027 11/01/0506:34 001 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 October 1, 2005 October 31, 2005 accout wuwccr IS TAXPAYER NUMBER On File September 30, 2005 THROUGH LAST STATEMENT Your Portfolio Allocation Cash & Equivalent 24% Short Equiti <1% 75% Unehaded portions denote debt balance andior short market values. The alocation percentage is derived from the absohte market value of your portloio, vas? EFTA00196844

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North BEAR 383 Madison Avenue Brocklyn, New York 11201-2859 New York New York 10179 a STEARNS — FINANCIAL TRUST COMPANY ING 4 of STATEMENT PERIOO October 1, 2005 THROUGH October 31,2005 account numccr = TAXPAYER NUMBER On File Your Portfolio Holdings LAST STATEMENT — September 30, 2005 CASH & CASH EQUIVALENTS NAARKET ESTIMATED CURRENT DESCRICTION SYMBOLICUSIP QUANTITY PRICE VALUE ANNUAL INCOME YIELD ('%} CASH BALANCE 4,532 DREYFUS CASH MANAGEMENT-CL A DICKX 12,080,807.31 1.0000 12,080,807 410,747 3.4000 INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD _3,7500% TOTAL CASH & CASH EQUIVALENTS $12,085,339 $410,747 EQUITIES Equities & Options The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the Firm's Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst, The key for the stock rating values is as follows: O = Outperform; P = Peer Perform; U = Underperform, The second rating represents the rating of the coverage universe relative to the regional broader market index, The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market Underweight. In cases where a BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed, where such research is available, The various providers have normalized their ratings systems as follows: B = Buy; H = Hold; S = Sell, The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal or investment advice, Bear Stearns is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider, The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons, Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost, Customers can access this research at www,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them, ACCT NAARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TYPE QUANTITY PRIEE VALUE ANNUAL INCOME YELD [%} APPLE COMPUTER INC AAPL CASH 20,000 57.5900 1,151,800 BSC RATING: STOCK O/SECTOR MW BOYAR'S ALTERNATIVE VIEWPOINT RATING: S BEAR STEARNS COMPANIES INC BSC CASH 130,000 105.8000 13,754,000 027 11/01/05;06:24 001 vas? EFTA00196845

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS a" 10179 FINANCIAL TRUST COMPANY INC 5 of 0 STATEMENT PERIOD October 1, 2005 THROUGH October 31,2005 accout wuwccr IS TAXPAYER NUMBER On File Your Portfolio Holdings (continued) ember 30, 2005 Equities & Options (continued) LAST STATEMENT September ACCT MARKET ESTIMATED CURRENT DESCRETION SYMBOLCUSIP TPE QUANTITY PRICE VALUE ANNUAL INCOME YELD 1%} COLGATE PALMOLIVE CO cL CASH 106,200 52.9600 5,624,352 123,192 2.1903 BSC RATING: STOCK O/SECTOR MW FULCRUM GLOBAL PARTNERS, LLC RATING: B CALL COLGATE PALM NOVO55 EXP 11/19/2005 CLKSS CASH -200 0.2500 -5,000 DEERFIELD TRIARC CAP CORP ; CASH 1,000,000 12.9700 12,970,000 ACCREDITED INVESTORS ENVIRONMENTAL SOLUTIONS ESww CASH 100,000 0.5500 55,000 " KERZNER INTERNATIONAL LTD K2L CASH 10,000 58.3500 583,500 BSC RATING: STOCK O/SECTOR MW NED DAVIS RESEARCH RATING: H VECTOR GROUP LTD VGR CASH 159,589 19.9600 3,185,396 255,342 8.0160 WYNN RESORTS LTD WYNN CASH 10,000 46.6800 466,800 BSC RATING: STOCK P/SECTOR MW WALL STREET STRATEGIES RATING: H Total Equities& Options $37,785,848 $508,534 TOTAL EQUITIES $37,785,848 $508,534 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $919,281 YOUR PRICED PORTFOLIOHOLDINGS $49,871,187 027 11/01/05;06:24 001 vas? EFTA00196846

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST COMPANY INC 6 of 10 STATEMENT PERIOO October 1, 2005 THROUGH October 31,2005 accout wuwccr IS TAXPAYER NUMBER On File INVESTMENT ACTIVITY LAST STATEMENT September 30, 2005 Transaction Detail SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT GREOIT AMOUNT 10/06/05 JOURNAL BEAR STEARNS COMPANIES INC BSC -450,000 JOURNAL FROM TYPE 1 TO 2 {0/06/05 JOURNAL EQUITY GFFICE PROPERTIES TAUST OP “110,000 SBI JOURNAL FROM TYPE 1 TO 2 {oI06/05 JOURNAL BEAR STEARNS COMPANIES ING BSC 450,000 JOURNAL FROM TYPE 1 TO 2 SBI JOURNAL FROM TYPE 1 TO 2 WITH RIGHTS TO PURCHASE COMMON STK UNDER CERTAIN CIRCUMSTANCE UNSOLICITED WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REQUEST 49,435000 UNIT PRI VS 7-14-05 UNSOLICITED {O27/05 4/05 SOLD TOO INC fee) -4,100 27.20240 111,274.17 UNSOLICITED 10/27/05 10/24/05 SOLD BEAR STEARNS COMPANIES INC BSC -100,000 104.54700 10,448,257.99 UNSOLICITED BEAR, STEARNS & CO, INC, IS A SUBSIDIARY OF THE ISSUER, VSP 7/14/05@106 26 {027/05 10/24/05 SOLD EQUITY OFFICE PROPERTIES TRUST EOP “110,000 3069360 3.369,549.87 SBI UNSOLICITED 027 11/01/0506:34 001 vas? EFTA00196847

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST COMPANY INC 7 of 0 STATEMENT PERIOD October 1, 2005 THROUGH October 31,2005 Transaction Detail (continued) accouvt xumecr A TAXPAYER NUMBER On File INVESTMENT ACTIVITY (continued) LAST STATEMENT — September 30, 2005 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT GREOIT AMOUNT 10/27/05 JOURNAL APPLE COMPUTER INC AAPL 20,000 JOURNAL FROM TYPE 2 TO 1 10/27/05" JOURNAL BEAR STEARNS COMPANIES ING BSC 250,000 JOURNAL FROM TYPE 2TO 1 DEL TO 00005 JOURNAL FROM TYPE 2 TO 1 BEAR STEARNS COMPANIES INC JOURNAL FROM TYPE 2 TO 1 IFIL{IST FIN ITAL) IFPSF EUR1 INVST CL 10/28/05 1 3.99690 399,690.00 1B 051025 REPORTED PRICE 10/31/05 DELIVERED BEAR STEARN: P, B -120,000 DEL TO 05198 TOTAL $-989,905.00 $18,015,157.21 MONEY FUND ACTIVITY DATE MO/DAY TRANSACTION DESCAIPTION SYMBOUCUSIP QUANTITY PRICE CEBIT AMOUNT CAEDIT AMOUNT 10/01/05 OPENINGBALANCE 155,790.01 US INSTITUTIONAL SHARES 027 11/01/05;06:24 001 vas? EFTA00196848

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST COMPANY INC 8 of 10 STATEMENT PERIOO October 1, 2005 THROUGH October 31,2005 Transaction Detail (continued) commen A! TAXPAYER NUMBER On File MONEY FUND ACTIVITY (continued) LAST STATEMENT — September 30, 2005 DATE MOVDAY TRANSACTION DESCAIPTION SYMBOUCUSIP QUANTITY PRIGE DeSIT AMOUNT CAEDIT AMOUNT 10/03/05 DIVIDEND OREYFUS CASH MANAGEMENT-CL A DICK 1,155.77 INSTITUTIONAL SHARES MONTHLY DIVIDEND INSTITUTIONAL SHARES DIVIDEND REINVEST 10/06/05 SOLD DREYFUS CASH MANAGEMENT-CL A DICKX -669,536.78 1.0000 669,536.78 INSTITUTIONAL SHARES INSTITUTIONAL SHARES RESIDUAL DIVIDEND INSTITUTIONAL SHARES 10/28/05 iH YFUS CASH MANA\ -CLA 507,658.26 1.0000 507,658.26 INSTITUTIONAL SHARES 10/31/05 CLOSINGBALANCE 12,080,807.31 TOTAL $-12.594.554.08 $670,921.28 DIVIDENDS DATE DESORIFTION SYMBOUCUSIP QUANTITY RATE (8) DEBIT AMOUNT CREDIT AMOUNT 10/17/05 EQUITY OFFICE PROPERTIES TRUST EOP 110,000 0.5000 55,000.00 REC 10/05/05 PAY 10/17/05 , 027 11/01/05;06:24 001 vas? EFTA00196849

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 9 of 10 Transaction Detail (continued) DIVIDENDS (continued) 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, 2005 October 31, 2005 accoust numecr (IS TAXPAYER NUMBER On File September 30, 2005 THROUGH LAST STATEMENT DATE DESCRIPTION SYMBOUCUSIF QUANTITY RATE (8) DEBIT AMOUNT CREDIT AMOUNT 10/28/05 BEAR STEARNS COMPANIES INC BSC 450,000 0.2500 112,500.00 REC 10/18/05 PAY 10/28/05 TOTAL $223,003.00 INTEREST DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (4) EIT AMOUNT CREDIT AMOUNT 10/21/05 INT OB 36,467.43 09/21. he 4,50128% BAL AVG 9721862 TOTAL $-36,467.43 MISCELLANEOUS DATE MO/DAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 10/03/05 JOURNAL FROM [i 151,250.00 361,341.00 CASH IN LIEU OF ,50000 REC 09/20/05 PAY 09/29/05 PER LOA 027 11/01/08,06:34 001 vas? EFTA00196850

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 10 of 0 Transaction Detail (continued) MISCELLANEOUS (continued) DATE MOVDAY TRANSACTION DESCRIPTION DEBIT AMOUNT 10/17/05 = JOURNAL JOURNAL FROM TYPE 110 2 110,503.00 JOURNAL JOURNAL FROM TYPE 2TO 1 JOURNAL JOURNAL FROM TYPE 2T0 1 CREDIT AMOUNT 110,503.00 19,203,776.00 7,775,489.70 7,775,489.70 10/27/05 10/28/05 112,500.00 $-33,668,267.97 TOTAL $28,384 ,644.73 /—™ (stor) a, ****** End of Statement****** 027 11/01/08,06:34 001 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, 2005 October 31, 2005 TAXPAYER NUMBER On File September 30, 2005 THROUGH ACCOUNT NUMBER LAST STATEMENT vas? EFTA00196851

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST COMPANY INC STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005 account numecr = WleaedDesabsedsDLasseedelsealsalluabeallscll TAXPAYER NUMBER On File LAST STATEMENT August 31,2005 FINANCIAL TRUST COMPANY INC C/O AMERICAN YACHT HARBOR 6100 RED HOOK SUTE B-3 QUAETERS #2 ST THOMAS VI 00802-1348 ie Pursuant to your previously issued instructions, Bear Stearns Securities Corp, provides duplicate monthly statements and/or transaction confirmations to the third parties listed on the cover page of this statement. If you wish to modify or cease distribution to any of the recipients indicated, please contact your Account Executive. This reminder notice will continue to be provided to you on your quarterly statements, Third Party J EPSTEIN & CO 457 MADISON AVE 4TH FLOOR NEW YORK NY 10022 027 10/01/08;11:80 001 Vass EFTA00196852

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York New York 10 ACCOUNT EXECUTIVE = ZICHERMAN, IRA TevePHone VISIT OUR WEBSITE www.bearstearns.com What’s In This Statement Financial Summary , Your Portfolio Holdings . Transaction Detail ......s.ssessesseresseesrees Fund Activity ,, ‘ Your Messages oN DSW Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD 82,480,888 MONEY MARKET FUND BALANCE 155,790 NET EQUITY THIS PERIOD $82,636,678 NET EQUITY LAST STATEMENT 89,214,910 CHANGE SINCE LAST STATEMENT -6,578,232 There are no "Stop Loss” orders or other pending buy or sell open orders on file for your account. Please report amy difference of non-receipt of checks of stocks, indicated as delivered to you, % Client Services at 800-614-1428; of write to Clent Services at Bear, Steams Securities Corp., One Matrotoch Center North, Brmokyn N.Y. 11201-3859. Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 179 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005 account wuwccr Wane DessdestsPlessselalasel aol sslealaall TAXPAYER NUMBER On File LAST STATEMENT August 31,2005 FINANCIAL TRUST COMPANY INC C/O AMERICAN YACHT HARBOR 6100 RED HOOK SUTE B-3 QUAETERS #2 ST THOMAS Vi 00802-1348 Market Value of Your Portfolio Cash & Equivalent 155,790 $10,836,205 $82,488,888 : $-8.000 HH Current market value | Last statements market value (C) Short market value This summary Is for informational purposes only. It is not intended as a tax document ‘Ths statemem should be retamed for your records See reverse side for important imformation. oz? 10/01/05;11:80 001 vase EFTA00196853

--=PAGE_BREAK=--

2 of 0 STATEMENT BACKER IS PRINTED ON THIS PAGE 10/01/08;11:80 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC vase EFTA00196854

--=PAGE_BREAK=--

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 3 of 10 STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005 . account xumecr = Cash Flow Analysis Income Summary SaxpaveR NUMBER On File THIS PERIOD I EA TO DATE LAST STATEMENT August 31,2005 Balance $0.00 Dividends 73,541.80 1,992.305.81 Credit Balance Int. 0.00 2,395.40 Funds Deposited 246,043.09 Total esesserscersereereeses eee en Dividends/Interest 60,796.00 Foreign Tax Withheld 0.00 -2,227.67 Amount Credited $11,319,584.89 Money Fund 319,564.60 Portfolio Composition Funds Withdrawn -1,000,000.00 SHOAT LONG Miscellaneous ~10,000,000.00 Cash/Cash Equivalent 155,790 samme Equities 8.000 a2.4an.eee Closing Balance Total ; . $8,000 $82,644,678 Your Portfolio Allocation 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 10/01/05;11:80 001 Vass EFTA00196855

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North BEAR 383 Madison Avenue Brocklyn, New York 11201-2859 New York New York 10179 a STEARNS — FINANCIAL TRUST COMPANY ING 4 of STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005 accout wuwccr IS TAXPAYER NUMBER On File Your Portfolio Holdings LAST STATEMENT August 31, 2005 CASH & CASH EQUIVALENTS NAARKET ESTIMATED CURRENT DESCRICTION SYMBOLICUSIP QUANTITY PRICE VALUE ANNUAL INCOME YIELD ('%} DREYFUS CASH MANAGEMENT-CL A DICKX 155,790.01 1.0000 155,790 5,297 3.4001 INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 3 .6200% TOTAL CASH & CASH EQUIVALENTS $155,790 $5,297 EQUITIES Equities & Options The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the Firm's Equity Research Department, The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: O = Outperform; P = Peer Perform; U = Underperform, The second rating represents the rating of the coverage universe relative to the regional broader market index, The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market Underweight, In cases where a BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed, where such research is available. The various providers have normalized their ratings systems as follows: B = Buy; H = Hold; S = Sell. The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal or investment advice, Bear Stearns is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider, The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons, Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost, Customers can access this research at www ,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them, AgcT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TE QUANTITY PRE VALUE ANNUAL INCOME YELD (%} BEAR STEARNS COMPANIES INC BSc CASH 450,000 109.7500 49,387,500 450,000 0.9112 COLGATE PALMOLIVE CO cL CASH 106,200 52.7900 5,606,298 123,192 2.1974 BSC RATING: STOCK O/SECTOR MW FULCRUM GLOBAL PARTNERS, LLC RATING: B CALL COLGATE PALM NOV055**** CLKSS CASH -200 0.4000 -8,000 EXP 11/19/2005 027 10/01/08;11:80 001 vas EFTA00196856

--=PAGE_BREAK=--

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 as Le FINANCIAL TRUST COMPANY INC 5 of 0 STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005 Your Portfolio Holdings (continued) commen A! TAXPAYER NUMBER On File August 31,2005 Equities & Options (continued) LAST STATEMENT gu ACCT NAARKET ESTIMATED CURRENT DESCRIPTION ‘SYMBOU'CUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) DEERFIELD TRIAARC CAP CORP CASH 1,000,000 13.8500 13,850,000 ACCREDITED INVESTORS EQUITY OFFICE PROPERTIES TRUST EOP CASH 110,000 32.7100 3,598,100 220,000 6.1143 SBI BSC RATING: STOCK P/SECTOR MW GREEN STREET ADVISORS, INC, RATING: S ENVIRONMENTAL SOLUTIONS Esww CASH 100,000 0.6700 67,000 WORLDWIDE INC IFIL{IST FIN ITAL) \FPSF CASH 100,000 4.4890 448,900 8,200 1.8267 EUR1 INVST CL KERZNER INTERNATIONAL LTD KZL CASH 10,000 55.5500 555,500 BSC RATING: STOCK P/SECTOR MW NED DAVIS RESEARCH RATING: 8 MACK-CALI REALTY CORP cul CASH 88,100 44.9400 3,959,214 222,012 5.6075 BSC RATING: STOCK P/SECTOR MW GREEN STREET ADVISORS, INC, RATING: H TOO INC TOO CASH 50,000 27.4300 1,371,500 BSC RATING: STOCK P/SECTOR MW GARP RESEARCH RATING: B VECTOR GROUP LTD VGR CASH 159,589 20.0100 3,193,376 255,342 7.9960 WYNN RESORTS LTD WYNN CASH 10,000 45.1500 451,500 BSC RATING: STOCK O/SECTOR MW WALL STREET STRATEGIES RATING: H Total Equities& Options $82,480,888 $1,278,746 TOTAL EQUITIES $82,480,888 $1,278,746 027 10/01/08;11:80 001 vase EFTA00196857

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 6 of 0 Your Portfolio Holdings (continued) 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 September 1, 2005 THROUGH September 30, 2005 accoust numecr (IS TAXPAYER NUMBER On File LAST STATEMENT August 31,2005 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $1,284,043 YOUR PRICED PORTFOLIOHOLDINGS $82,636,678 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION 09/29/05 09/20/05 BOUGHT VECTOR GROUP LTD SEE NOTE "S" ON BACK STK DIV ON 151990 SHS. REC 09/20/05 PAY 09/29/05 QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 7,599 AS OF 09/20/05 TOTAL DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRETION CREDIT AMOUNT 09/06/05 FUNDS REC FNDS WIRED TO CITIBANK FROM 246,043.09 02? 1Q/01/08;11:80 001 vase EFTA00196858

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York New York 10179 as | FINANCIAL TRUST COMPANY INC 7 of 0 STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005 Transaction Detail (continued) accouvt xumecr A TAXPAYER NUMBER On File DEPOSITS AND WITHDRAWALS (continued) LAST STATEMENT — August 31, 2005 DATE TRANSACTION DESCRPTION DEBIT AMOUNT CREDIT AMOUNT 09/12/05 END WIRED MDA; FNDS WIRED TO 1,000,000.00 TOTAL $-1,000,000.00 $246,043.09 MONEY FUND ACTIVITY DATE MO'DAY TRANSACTION: DESCRIPTION SYMBOUCUSIP QUANTITY PRICE OEBIT AMOUNT CREDIT AMOUNT 09/01/05 OPENINGBALANCE 10,836,205.12 0910105 SOLD DREYFUS GASH MANAGEMENT-CL A DICK “{0.000,000 1.0000 40.000,000.00 INSTITUTIONAL SHARES 0901/05 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICKK 12.745.80 INSTITUTIONAL SHARES MONTHLY DIVIDEND 09/01/05 REINVEST DREYFUS CASH MANAGEMENT-CL A BGK 12,745.80" {2745.80 INSTITUTIONAL SHARES DIVIDEND REINVEST 09107105 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICKK 246,043.09 1.0000 246,043.09 INSTITUTIONAL SHARES Oo 42/05 SOLD DREYFUS CASH MANAGEMENT-CL A DICKK -1,000,000 1.0000 1,000,000.00 INSTITUTIONAL SHARES INSTITUTIONAL SHARES 09/30/05 CLOSINGBALANCE 155,790.01 TOTAL $-319.584.89 $11,012,745.80 02? 10/01/08;11:80 001 vase EFTA00196859

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp, Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS _—€€ 10179 8 of 0 STATEMENT PERIOD THROUGH Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER NUMBER DIVIDENDS LAST STATEMENT DATE DESCRIPTION SYMBOUIOUSIF QUANTITY RATE (S$) DEBIT AMOUNT CREDIT AMOUNT 09/29/05 VECTOR GROUP LTD VGR 151,990 0.4000 60,796.00 REC 09/20/05 PAY 09/29/05 TOTAL $60,796.00 MISCELLANEOUS DATE MONDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 09/01/05 JOURNAL To 10,000,000.00 TOTAL $-10,000,000.00 027 10/01/08;11:80 001 Vass FINANCIAL TRUST COMPANY INC September 1, 2005 September 30, 2005 On File August 31, 2005 EFTA00196860

--=PAGE_BREAK=--

BEAR STEARNS 9 of 10 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, 2005 and July 31, 2005, the Company's net capital of approximately $4,1 billion and $3,9 billion was approximately 6% and 7% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $1.3 billion and $1,1 billion by approximately $2,8 billion and $2,8 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, = 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 September 1, 2005 September 30,2005 On File August 31, 2005 THROUGH ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT 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 your 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 10/01/08;11:80 001 vase EFTA00196861

--=PAGE_BREAK=--

BEAR STEARNS 10 of 0 1S OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New = New York 10179 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 PERIOD September 1, 2005 THROUGH September 30, 2005 accout wuwccr IS TAXPAYER NUMBER On File LAST STATEMENT August 31,2005 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:/Avww,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 10/01/08;11:80 001 vas EFTA00196862

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS _—— 10179 ACCOUNT EXECUTIVE = ZICHERMAN, IRA TevePHone VISIT OUR WEBSITE www.bearstearns.com What’s In This Statement Financial Summary , : Your Portfolio Holdings . Transaction Detail ......sssssessseresseessees Fur ACtivity .,ssesssssserssnesessstenssesaneseensare on Ww Your Portfolio at a Glance CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD July 30, 2005 THROUGH August 31,2005 accout wumccr IS Wane DesadestsVlessselalaselaolsslealbasl TAXPAYER NUMBER On File LAST STATEMENT July 29, 2005 FINANCIAL TRUST COMPANY INC C/O AMERICAN YACHT HARBOR 6100 RED HOOK SUTE B-3 QUAETERS #2 ST THOMAS VI 00802-1348 Market Value of Your Portfolio $10,836,205 TOTAL VALUE OF SECURITIES THIS PERIOD 78,378,705 8h & Equivalent eg $4,752,649 MONEY MARKET FUND BALANCE 10,836,205 NET EQUITY THIS PERIOD $89,214,910 NET EQUITY LAST STATEMENT 84,991,474 CHANGE SINCE LAST STATEMENT 4,223,436 There are no "Stop Loss’ orders or other pending buy or sell open orders on file for your account. Please report amy difference of norreceipt of checks of stocks, indicated as delivered to you, % Client Services at 800-614-1428; of write to Clent Services at Bear, Steams Securities Corp., One Matrotoch Center North, Brmokyn N.Y. 11201-3859. $78,392,705 : $-14,000 HE Current market value ay Last statements market value (C) Short market value This summary is for informational purposes only. It is not intended as a tax document ‘Ths statemem should be retained for your records See reverse side for important imformation. oz? 09/01/08;13:27 001 Vass EFTA00196863

--=PAGE_BREAK=--

2 of8 STATEMENT BACKER IS PRINTED ON THIS PAGE 08/01/08;13:27 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC vases EFTA00196864

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 3 of8 Cash Flow Analysis THIS PERIOD Balance $0.00 Money Fund 1,052,710.20 Funds Deposited 47.71 Dividends/Interest 30,798.00 Miscellaneous 7,000,000.00 Money Fund Funds Withdrawn Amount Debited Closing Balance Income Summary THiS PERIOD Dividends 83,508.20 Credit Balance Int. 0.00 Foreign Tax Withheld 0.00 Portfolio Composition SHOAT Cash/Cash Equivalent Equities 14,000 Total $14,000 027 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 30, 2005 August 31, 2005 accout wuwccr IS TAXPAYER NUMBER On File THROUGH YEAR TO DATE LAST STATEMENT duly 29, 2005 1,918,764.01 2,395.40 -2,227.67 LONG 10,836,205 78,392,705 $89,228,910 Your Portfolio Allocation Cash & Equivalent. 12% Short Equities <1% — Equities 87% Unshaded portions denote debt batance andicr short market values. The alocation percentage is derived from the absohte market value of your portloio, 08/01/05;13:27 001 vases EFTA00196865

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North BEAR 383 Madison Avenue Brocklyn, New York 11201-2859 New York New York 10179 a STEARNS — FINANCIAL TRUST COMPANY ING 4 oe STATEMENT PERIOD July 30, 2005 THROUGH August 31,2005 accout wuwccr IS TAXPAYER NUMBER On File Your Portfolio Holdings LAST STATEMENT July 29, 2005 CASH & CASH EQUIVALENTS NAARKET ESTIMATED CURRENT DESCRICTION SYMBOLICUSIP QUANTITY PRICE VALUE ANNUAL INCOME YIELD ('%} DREYFUS CASH MANAGEMENT-CL A DICKX 10,836,205.12 1.0000 10,836,205 346,759 3.2000 INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 3.3400% TOTAL CASH & CASH EQUIVALENTS $10,836,205 $346,759 EQUITIES Equities & Options The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the Firm's Equity Research Department, The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: O = Outperform; P = Peer Perform; U = Underperform, The second rating represents the rating of the coverage universe relative to the regional broader market index, The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market Underweight, In cases where a BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed, where such research is available. The various providers have normalized their ratings systems as follows: B = Buy; H = Hold; S = Sell. The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal or investment advice, Bear Stearns is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider, The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons, Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost, Customers can access this research at www ,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them, AgcT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TE QUANTITY PRE VALUE ANNUAL INCOME YELD (%} BEAR STEARNS COMPANIES INC BSc CASH 450,000 100.5000 45,225,000 450,000 0.9950 COLGATE PALMOLIVE CO cL CASH 106,200 52.5000 5,575,500 123,192 2.2095 BSC RATING: STOCK O/SECTOR MW FULCRUM GLOBAL PARTNERS, LLC RATING: B CALL COLGATE PALM NOV055**** CLKSS CASH -200 0.7000 -14,000 EXP 11/19/2005 o27 08/01/08;13:27 001 vass EFTA00196866

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North BEAR 383 Madison Avenue Brocklyn, New York 11201-2859 STEARNS New York New York 10179 Pe FINANCIAL TRUST COMPANY INC 5 of 8 STATEMENT PERIOD July 30, 2005 THROUGH August 31, 2005 Your Portfolio Holdings (continued) commen A! TAXPAYER NUMBER On File duly 29, 2005 Equities & Options (continued) LAST STATEMENT uly ACCT NAARKET ESTIMATED CURRENT DESCRIPTION ‘SYMBOL'CUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) DEERFIELD TRIAARC CAP CORP CASH 1,000,000 14.1100 14,110,000 ACCREDITED INVESTORS EQUITY OFFICE PROPERTIES TRUST EOP CASH 110,000 33.3000 3,663,000 220,000 6.0060 SBI BSC RATING: STOCK P/SECTOR MW GREEN STREET ADVISORS, INC, RATING: S ENVIRONMENTAL SOLUTIONS Esww CASH 100,000 0.6700 67,000 WORLDWIDE INC IFIL{IST FIN ITAL) \FPSF CASH 100,000 4.5090 450,900 8,400 1.8629 EUR1 INVST CL KERZNER INTERNATIONAL LTD KZL CASH 10,000 57.0500 570,500 BSC RATING: STOCK P/SECTOR MW NED DAVIS RESEARCH RATING: 8 MACK-CALI REALTY CORP cul CASH 88,100 44.0500 3,880,805 222,012 5.7208 BSC RATING: STOCK P/SECTOR MW GREEN STREET ADVISORS, INC, RATING: H TOO INC TOO CASH 50,000 26.6600 1,333,000 BSC RATING: STOCK P/SECTOR MW GARP RESEARCH RATING: B VECTOR GROUP LTD VGR CASH 151,990 20.0000 3,039,800 243,184 8.0000 WYNN RESORTS LTD WYNN CASH 10,000 47.7200 477,200 BSC RATING: STOCK O/SECTOR MW WALL STREET STRATEGIES RATING: H Total Equities& Options $78,378,705 $1,266,788 TOTAL EQUITIES $78,378,705 $1,266,788 027 08/01/05;13:27 001 Vass EFTA00196867

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS New York, New York 10179 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD July 30, 2005 THROUGH August 31, 2005 accoust numecr (IS TAXPAYER NUMBER On File LAST STATEMENT duly 29, 2005 Your Portfolio Holdings (continued) YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $1,613,547 YOUR PRICED PORTFOLIOHOLDINGS $89,214,910 Transaction Detail DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 08/02/05 FUNDS REC FNDS WIRED TO CITIBANK FROM 47.71 ee” FINDS WIRED TO FND WIRED 1,000,000.00 TOTAL $-1,000,000.00 $47.71 MONEY FUND ACTIVITY DATE MOIDAY TRANSACTION DESCAIFTION SYMBOLOUSIP QUANTITY PRIGE DEBIT AMOUNT CAEDIT AMOUNT 07/30/05 OPENINGBALANCE 4,752,649.21 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICXX 52,710.20 INSTITUTIONAL SHARES MONTHLY DIVIDEND 027 09/01/08;13:27 001 vases EFTA00196868

--=PAGE_BREAK=--

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 a" 10179 7 of6 FINANCIAL TRUST COMPANY INC STATEMENT PERIOO July 30, 2005 THROUGH August 31,2005 Transaction Detail (continued) accouvt xumecr A TAXPAYER NUMBER On File MONEY FUND ACTIVITY (continued) LAST STATEMENT = July 29, 2005 OATE MOVDAY TRANSACTION DESCAIPTION SYMBOLCUSIP QUANTITY PRICE DeSIT AMOUNT CAEDIT AMOUNT 08/01/05 REINVEST OREYFUS CASH MANAGEMENT-CL A DICK 52,710.20 $2,710.20 INSTITUTIONAL SHARES DIVIDEND REINVEST INSTITUTIONAL SHARES INSTITUTIONAL SHARES INSTITUTIONAL SHARES INSTITUTIONAL SHARES 08/31/05 CLOSINGBALANCE 10,836,205.12 TOTAL $-7,083,555.91 $1,052,710.20 DIVIDENDS DATE DESCRIPTION SYMBOUCUSIF QUANTITY RATE ($) DEBIT AMOUNT CREDIT AMOUNT 08/15/05 COLGATE PALMOLIVE CO cL 106,200 0.2900 30,798.00 REC 07/26/05 PAY 08/15/05 TOTAL $30,798.00 MISCELLANEOUS DATE MODAY TRANSACTION DESCRIPTION DEBIT AMOUNT CRECIT AMOUNT 08/31/05 JOURNAL FROM | 2,000,000.00 027 08/01/05;13:27 001 Vass EFTA00196869

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 | 8 of6 Transaction Detail (continued) MISCELLANEOUS (continued) OATE MOIDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 08/31/05 JOURNAL FROM 5,000,000.00 TOTAL $7,000,000.00 /—™, [stop] ****** End of Statement™***** 027 09/01/08;13:27 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD July 30, 2005 THROUGH August 31, 2005 accoust numecr (IS TAXPAYER NUMBER On File LAST STATEMENT duly 29, 2005 vases EFTA00196870

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS _——-" 10179 ACCOUNT EXECUTIVE = ZICHERMAN, IRA TevePHone VISIT OUR WEBSITE www.bearstearns.com What’s In This Statement Financial Summary , : Your Portfolio Holdings . Transaction Detail ......sssesseseresseeerees Fur Activity .,ssessssssssssssessctenessecaneseensars NOS Ww Your Portfolio at a Glance CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOO July 1, 2005 THROUGH July 29, 2005 accout wuwccr (IS Wane DecsdesdsVlesssedalosel selssleallasll TAXPAYER NUMBER On File LAST STATEMENT June 30, 2005 FINANCIAL TRUST COMPANY INC C/O AMERICAN YACHT HARBOR 6100 RED HOOK SUTE B-3 QUAETERS #2 ST THOMAS VI 00802-1348 Market Value of Your Portfolio 752.649 TOTAL VALUE OF SECURITIES THIS PERIOD © 80,238,825 “8h & Equivalent AE on $33,000,694 MONEY MARKET FUND BALANCE 4,752,649 NET EQUITY THIS PERIOD $84,991,474 NET EQUITY LAST STATEMENT 88,973,570 CHANGE SINCE LAST STATEMENT -3,982,096 There are no "Stop Loss’ orders or other pending buy or sell open orders on file for your account. Please report amy difference of non-receipt of checks of stocks, indicated as delivered to you, 1 Client Services at 800-614-1428; of write to Clent Services at Bear, Steams Securities Corp., One Matrotoch Center North, Brmokiyn N.Y. 11201-3859. $80,262,825 : $-24,000 Equiles $55,972,876 HE Current market value py Last statements market value ([) Short market value This summary is for informational purposes only. It is not intended as a tax document ‘Ths statemem should be retamed for your records See reverse side for important information. oz? 07/30108;10:09 001 Vass EFTA00196871

--=PAGE_BREAK=--

2 of9 STATEMENT BACKER IS PRINTED ON THIS PAGE 07/30008;10:03 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC vases EFTA00196872

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North BEAR 383 Madison Avenue Brocklyn, New York 11201-2859 STEARNS New York, New York 10179 a FINANCIAL TRUST COMPANY INC 3 oo STATEMENT PERIOO July 1, 2005 THROUGH July 29, 2005 . account xumecr = Cash Flow Analysis Income Summary SaxpaveR NUMBER On File THIS PERIOD 1. ee hl) LAST STATEMENT June 30, 2005 Dividends 679,673.05 1,835,255.81 Balance $0.00 ‘ Credit Balance Int. 81.77 2,395.40 Securities Sold 1,160,186.47 seseeeeneenensees anaes aeeeeeseesanenenenenen eas eevsceesence Money Fund 30,256,439.25 Otel a assaneersorsseneersncessne Oe Noe, Funds Deposited 91,655.92 Foreign Tax Withheld -2,227.67 -2,227.67 Dividends/Interest 581,335.41 Miscellaneous 512,591.00 Amount Credited $32,602,208.05 Portfolio Composition SHORT LONG Securities Bought -26,665,005.00 Cash/Cash Equivalent 4,752,649 Money Fund -1,909,975.38 Equities 24,000 80,262,825 Funds Withdrawn -4,125,000.00 Pr er eee nnn en es ennnnnnees sneeeeeeneneeee Miscellaneous -2,227.67 romtel sssseensseunssenensessnennan ee OO essen ey antseene Your Portfolio Allocation Cash & Equivalent, 5% \ Short Equities, <1% — Equities 94% Unshaded portions denote debt batance andicr short market values. The alocation percentage is derived from the absohte market value of your portloio, 027 07/3005;10:09 001 vases EFTA00196873

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North BEAR 383 Madison Avenue Brocklyn, New York 11201-2859 New York New York 10179 a STEARNS — FINANCIAL TRUST COMPANY ING aos STATEMENT PERIOD July 1, 2005 THROUGH July 29, 2005 accout wuwccr IS TAXPAYER NUMBER On File Your Portfolio Holdings LAST STATEMENT June 90, 2005 CASH & CASH EQUIVALENTS NAARKET ESTIMATED CURRENT DESCRICTION SYMBOLICUSIP QUANTITY PRICE VALUE ANNUAL INCOME YIELD ('%} DREYFUS CASH MANAGEMENT-CL A DICKX 4,752,649.21 1.0000 4,752,649 137,827 2.9000 INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 3 2000% TOTAL CASH & CASH EQUIVALENTS $4,752,649 $137,827 EQUITIES Equities & Options The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the Firm's Equity Research Department, The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: O = Outperform; P = Peer Perform; U = Underperform, The second rating represents the rating of the coverage universe relative to the regional broader market index, The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market Underweight, In cases where a BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed, where such research is available. The various providers have normalized their ratings systems as follows: B = Buy; H = Hold; S = Sell. The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal or investment advice, Bear Stearns is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider, The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons, Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost, Customers can access this research at www ,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them, AgcT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TE QUANTITY PRE VALUE ANNUAL INCOME YELD (%} BEAR STEARNS COMPANIES INC BSc CASH 450,000 102.1100 45,949,500 450,000 0.9793 COLGATE PALMOLIVE CO cL CASH 106,200 52.9400 §,622,228 123,192 2.1912 BSC RATING: STOCK O/SECTOR MW FULCRUM GLOBAL PARTNERS, LLC RATING: H CALL COLGATE PALM NOV055**** CLKSS CASH -200 1.2000 -24,000 EXP 11/19/2005 o27 07/30008;10:03 001 vass EFTA00196874

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North BEAR 383 Madison Avenue Brocklyn, New York 11201-2859 STEARNS New York New York 10179 Pe FINANCIAL TRUST COMPANY INC 5 of9 STATEMENT PERIOO July 1, 2005 THROUGH July 29, 2005 Your Portfolio Holdings (continued) commen A! TAXPAYER NUMBER On File LAST STATEMENT June 30, 2005 Equities & Options (continued) ACCT NAARKET ESTIMATED CURRENT DESCRIPTION ‘SYMBOU'CUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) DEERFIELD TRIAARC CAP CORP CASH 1,000,000 14.6400 14,640,000 ACCREDITED INVESTORS EQUITY OFFICE PROPERTIES TRUST EOP CASH 110,000 35.4500 3,899,500 220,000 5.6417 SBI BSC RATING: STOCK P/SECTOR MW GREEN STREET ADVISORS, INC, RATING: H ENVIRONMENTAL SOLUTIONS Esww CASH 100,000 0.8200 82,000 WORLDWIDE INC IFIL{IST FIN ITAL) \FPSF CASH 100,000 4.4860 448,600 8,200 1.8279 EUR1 INVST CL KERZNER INTERNATIONAL LTD KZL CASH 10,000 59.7500 597,500 BSC RATING: STOCK P/SECTOR MW NED DAVIS RESEARCH RATING: 8 MACK-CALI REALTY CORP cul CASH 88,100 47.9100 4,220,871 222,012 5.2599 BSC RATING: STOCK P/SECTOR MW GREEN STREET ADVISORS, INC, RATING: B TOO INC TOO CASH 50,000 25.7900 1,289,500 BSC RATING: STOCK P/SECTOR MW GARP RESEARCH RATING: B VECTOR GROUP LTD VGR CASH 151,990 19.4100 2,950,126 243,184 8.2432 WYNN RESORTS LTD WYNN CASH 10,000 56.3000 563,000 BSC RATING: STOCK O/SECTOR MW WALL STREET STRATEGIES RATING: H Total Equities& Options $80.238.825 $1,266,588 TOTAL EQUITIES $80,238,825 $1,266,588 027 07/3005;10:09 001 vases EFTA00196875

--=PAGE_BREAK=--

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 6 of9 STATEMENT PERIOO July 1, 2005 THROUGH July 29, 2005 accout wuwccr IS TAXPAYER NUMBER On File LAST STATEMENT June 30, 2005 Your Portfolio Holdings (continued) YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $1,404,415 YOUR PRICED PORTFOLIOHOLDINGS $84,.991.474 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT GREDMT AMOUNT 07/19/05 07/14/05 BOUGHT BEAR STEARNS COMPANIES INC BSC 250,000 106.20000 26,565,005.00 BEAR, STEARNS & CO, INC, IS A SUBSIDIARY OF THE ISSUER, 07/19/05 07/18/05 SOLD CALL COLGATE PALM NOVOS5~ EXP 11/19/2005 UNSOLICITED ORDER EXECUTED BY ISE OPEN CONTRACT QCLKSS "200 {00000 19,394.16 07/21/05 07/18/05 SOLD CELGENE CORP CELG -25,000 45.63380 1,140,792.31 UNSOLICITED WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REQUEST UNIT PRICE 45,693800 DIFFERENCE - 0,060000 TOTAL $-26,565,005.00 $1.160,186.47 02? 07/3008;10:09 001 aos EFTA00196876

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 7 of9 Transaction Detail (continued) DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRETION 07/01/05 END WIRED MD: FNDS WIRED TO FUNDS REC FNDS WIRED 10 CITIBANK FROM | ere 07128105 END WIRED DS WIRED TO TOTAL MONEY FUND ACTIVITY DATE MO;DAY TRANSACTION DESCRIPTION 07/01/05 OPENINGBALANCE 6710105 SOLB DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND DREYFUS GASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND ‘07/01/05 REINVEST” DREYFUS GASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVEST a ron INSTITUTIONAL SHARES $-4,125,000.00 33,000,693.67 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 1,2005 THROUGH July 29, 2005 accoust numecr (IS TAXPAYER NUMBER On File LAST STATEMENT June 30, 2005 CESIT AMOUNT (CREDIT AMOUNT 3'612.409.00 98,419.41 98,419.41 91,655.92 US INSTITUTIONAL SHARES 07/3008;10:03 001 vases EFTA00196877

--=PAGE_BREAK=--

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 8 of9 STATEMENT PERIOO July 1,2005 THROUGH July 29, 2005 Transaction Detail (continued) accouvt xumecr A TAXPAYER NUMBER On File MONEY FUND ACTIVITY (continued) LAST STATEMENT —_ June 30, 2005 DATE MOVDAY TRANSACTION DESCAIPTION SYMBOUCUSIP QUANTITY PRIGE DeSIT AMOUNT CAEDIT AMOUNT 07/18/05 BOUGHT OREYFUS CASH MANAGEMENT-CL A DICK 405,503 1.0000 405,503.00 INSTITUTIONAL SHARES O7/i19!05 SLB DREYFUS CASH MANAGEMENT-CL A DICK "36,545.610.84 1.0000 26.545,610.84 INSTITUTIONAL SHARES INSTITUTIONAL SHARES INSTITUTIONAL SHARES 07/28/05 SOLD OREYFUS CASH MANAGEMENT- INSTITUTIONAL SHARES 07/29/05 BOUGHT DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES 0000 A DICKK 112.500” 110000 172'500.00 07/29/05 CLOSINGBALANCE 4,752,649.21 TOTAL $-1,909.975.38 $30,256,439.25 DIVIDENDS DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE ($) DEBIT AMOUNT CAEDIT AMOUNT 07/14/05 —IFIL{IST FIN ITAL) IFPSF 100,000 0.0683 8,250.64 EUR1 INVST CL REC 07/13/05 PAY 07/14/05 WH 2,227.67 EM CONV, RATE: 01.20800 FOREIGN TAX WITH ACCREDITED INVESTORS AD 06/22 PD 07/15 RT 35000 pee DIV ON 1000000 SHS 7-15-05 DIV R-D 6-22-05 027 07/3008;10:03 001 vases EFTA00196878

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 9 of9 Transaction Detail (continued) DIVIDENDS | (continued) DATE DESCRIPTION SYMBOUCUSIP QUANTITY 07/15/05 EQUITY OFFICE PROPERTIES TRUST EOP 110,000 SBI REC 06/30/05 PAY 07/15/05 O7/18/05 MACK-CALI REALTY CORP REC 07/06/05 PAY 07/18/05 a REC 07/19/05 PAY 07/29/05 88.100" "6300 450,000 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 1,2005 THROUGH July 29, 2005 accoust numecr (IS TAXPAYER NUMBER On File LAST STATEMENT June 30, 2005 RATE (S$) DEBIT AMOUNT CAEDIT AMOUNT 0.5000 55,000.00 TOTAL $-2,227.67 $581,253.64 INTEREST DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (%) OEBIT AMOUNT CREDIT AMOUNT 07/21/05 nl BALANCE 81.77 ACCT AT 02, ‘ 21 - 07/20 TOTAL $81.77 MISCELLANEOUS DATE MODAY TRANSACTION DESCRIPTION DEBT AMOUNT CREDIT AMOUNT 07/01/05 JOURNAL From [a 151,250.00 ‘O7i011 341. TOTAL $512,591.00 o27 07/30/08;10:08 001 vaos EFTA00196879

--=PAGE_BREAK=--

BEAR STEARNS ACCOUNT EXECUTIVE = ZICHERMAN, IRA TevePHone VISIT OUR WEBSITE OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New = New York 10179 wow.bearstearns.com What’s In This Statement Financial Summary , Your Portfolio Holdings Transaction Detail ......s.ssssesseresseeerees Fund Activity .. Your Messages On nr Ww Your Portfolio at a Glance 3,000,694 TOTAL VALUE OF SECURITIES THIS PERIOD 55,972,876 “8h & Equivalent ees $50,872,901 MONEY MARKET FUND BALANCE $88,973,570 NET EQUITY THIS PERIOD NET EQUITY LAST STATEMENT CHANGE SINCE LAST STATEMENT 33,000,694 104,665,173 15,691,603 There are no “Stop Loss” orders or other pending buy or sell open orders on file for your account. Please report amy diference or non-receipt of checks or stocks, indicated as delivered 10 you, % Client Services at 800-614-1428; cr write to Clem! Services at Bear, Steams Securities Corp., One Matrotoch Center North, Brmokiyn, N.Y. 11201-3859. FINANCIAL TRUST COMPANY INC C/O AMERICAN YACHT HARBOR 6100 RED HOOK SUTE B-3 QUAETERS #2 ST THOMAS VI 00802-1348 Market Value of Your Portfolio $55,972,876 HE Current market value po Last statements market value ‘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 PERIOO June 1,2005 THROUGH June 30, 2005 account numecr = TAXPAYER NUMBER On File LAST STATEMENT May 31,2005 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. ‘This statemem should be retained for your records. See reverse side for important information. 027 07/01/05;10:42 001 vasaiP EFTA00196880

--=PAGE_BREAK=--

2 of8 STATEMENT BACKER IS PRINTED ON THIS PAGE 07/01/08;10:42 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC vasalP EFTA00196881

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 3 of8 Cash Flow Analysis THIS PERIOD Balance $0.00 Money Fund 18,079,471.38 Dividends/Interest 60,796.00 Miscellaneous 2,306.97 Amount Credited $18,142.574.35 Money Fund -134,030.02 Funds Withdrawn -18,000,000.00 Dividends/Interest Charged -8,544.33 Amount Debited $-18,142,574.35 Closing Balance Income Summary THiS PERIOD YEAR TO DATE Dividends 125,485.69 1,155,582.76 Credit Balance Int. 0.00 2,313.63 Total . . $125,485.69 . $1,157,896.39 Foreign Tax Withheld 2,306.97 0.00 Portfolio Composition Cash/Cash Equivalent 33,000,694 Equities 55,972,876 Total $88,973,570 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 1, 2005 June 30, 2005 accout wuwccr IS TAXPAYER NUMBER On File May 31, 2005 THROUGH LAST STATEMENT Your Portfolio Allocation Cash & Equivalet 38% 027 07/01/05;10:42 001 Unshaded portions denote debt batance andicr short market values. The alocation percentage is derived from the absohte market value of your portloio, vasaiP EFTA00196882

--=PAGE_BREAK=--

BEAR STEARNS 4 oe Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRIETION DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 3.0400% SYMBOLICUSIP DICKX OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New = New York 10179 QUANTITY 33,000,693.67 PRICE 1.0000 33,000,694 MARKET ESTIMATED VALUE ANNUAL INCOME 957,020 2.9000 (CURRENT YELD () TOTAL CASH & CASH EQUIVALENTS EQUITIES Equities & Options $33,000,694 $957,020 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 June 1,2005 June 30, 2005 accout wuwccr IS TAXPAYER NUMBER On File THROUGH LAST STATEMENT May 31,2005 The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the Firm's Equity Research Department, The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: O = Outperform; P = Peer Perform; U = Underperform, The second rating represents the rating of the coverage universe relative to the regional broader market index, The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market Underweight, In cases where a BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed, where such research is available. The various providers have normalized their ratings systems as follows: B = Buy; H = Hold; S = Sell. The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal or investment advice, Bear Stearns is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider, The symbol company is temporarily not available due to legal reasons, Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost, Customers can access this research at www ,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them, DESCRIPTION BEAR STEARNS COMPANIES INC CELGENE CORP BSC RATING: STOCK P/SECTOR MO ARGUS FUNDAMENTAL RESEARCH RATING: B ACCT SYMBOUCUSIP TYPE CASH CELG CASH QUANTITY 200,000 25,000 MARKET PRIKEE VALUE 103.9400 20,788,000 ESTIMATED ANNUAL INCOME 200,000 CURRENT YELD (%} 40.7700 1,019,250 o27 07/01/05;10:42 001 indicates that continuing coverage of the subject 0.9621 vasalP EFTA00196883

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Soar, Stewme Securities Co a r Bear, Stearns & Co. Inc. One Metratech Center Nor BEAR nf ereinp one ee ala STEARNS New York, New York 10179 | | FINANCIAL TRUST COMPANY INC 5 of6 STATEMENT PERIOO June 1,2005 THROUGH June 30, 2005 Your Portfolio Holdings (continued) account wumecr TAXPAYER NUMBER On File . 7 LAST STATEMENT May 31, 2005 Equities & Options (continued) ACCT NAARKET ESTIMATED CURRENT DESCRIPTION SYMBOLICUSIP TE QUANTITY PRICE VALUE __ ANNUAL INCOME YIELD ['%) COLGATE PALMOLIVE CO cL CASH 106,200 49.9100 5,300,442 123,192 2.3242 BSC RATING: STOCK O/SECTOR MW FULCRUM GLOBAL PARTNERS, LLC RATING: H DEERFIELD TRIARC CAP CORP cs 1,000,000 15.6900 15,690,000 ACCREDITED INVESTORS EQUITY OFFICE PROPERTIES TRUST EOP CASH 110,000 33.1000 3,641,000 220,000 6.0423 j SB! BSC RATING: STOCK P/SECTOR MW GREEN STREET ADVISORS, INC, RATING: S ENVIRONMENTAL SOLUTIONS ESww CASH 100,000 0.9000 90,000 WORLDWIDE INC IFIL(IST FIN ITAL) \FPSF CASH 100,000 4.2010 420,100 8,200 1.9519 EUR1 INVST CL KERZNER INTERNATIONAL LTD K2L CASH 10,000 56.9500 569,500 BSC RATING: STOCK P/SECTOR MW NED DAVIS RESEARCH RATING: 8 MACK-CALI REALTY CORP CLI CASH 88,100 45.3000 3,990,930 222,012 5.5629 BSC RATING: STOCK P/SECTOR MW GREEN STREET ADVISORS, INC, RATING: B TOO INC TOO CASH 50,000 23.3700 1,168,500 BSC RATING: STOCK P/SECTOR MW GARP RESEARCH RATING: VECTOR GROUP LTD VGR CASH 151,990 18.5700 2,822 454 243,184 8.6160 027 07/01/05;10:42 001 vasaiP EFTA00196884

--=PAGE_BREAK=--

BEAR STEARNS 6 of8 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 Your Portfolio Holdings (continued) Equities & Options (continued) ACCT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TYRE PRICE VALUE ANNUAL INCOME YELD (%) WYNN RESORTS LTD WYNN CASH 47.2700 472,700 BSC RATING: STOCK O/SECTOR MW WALL STREET STRATEGIES RATING: H Total Equities& Options $55,972,876 $1,016,588 TOTAL EQUITIES $55,972.876 $1,016,588 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $1,973,608 YOUR PRICED PORTFOLIOHOLDINGS $88,973,570 Transaction Detail DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRETION DEBIT AMOUNT CREDIT AMOUNT 06/14/05 FND WIRED MDA; FNDS WIRED TO 18,000,000.00 JP TOTAL $-18,000,000.00 o27 07/01/08;10:42 001 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 June 1, 2005 June 30, 2005 accoust numecr (IS TAXPAYER NUMBER On File May 31, 2005 THROUGH LAST STATEMENT vasaiP EFTA00196885

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 7 of6 Transaction Detail (continued) MONEY FUND ACTIVITY DATE MOIDAY TRANSACTION 06/01/05 DESCAIPTION OPENINGBALANCE 06/01/05 DIVIDEND DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND 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 1, 2005 THROUGH June 30, 2005 accout wuwccr IS TAXPAYER NUMBER On File LAST STATEMENT May 31, 2005 SYMBOL/OUSIP QUANTITY PRICE 50,872,901.01 OEBIT AMOUNT (CREDIT AMOUNT DICKX 73,234.02 INSTITUTIONAL SHARES DIVIDEND REINVEST INSTITUTIONAL SHARES INSTITUTIONAL SHARES INSTITUTIONAL SHARES DICKX -6,237.36 1.0000 6,237.36 DICK 60.796 1.0000 60,796.00 06/30/05 TOTAL CLOSINGBALANCE 33,000.693.67 $-134,030.02 $18,079,471.38 DIVIDENDS DATE DESCRIPTION SYMBOUCUSIP 06/24/05 —IFIL{IST FIN ITAL) IFPSF EUR1 INVST CL AD 05/25 PD 05/26 RT 06830 CSH DIV ON 100000 SHS REV REVERSE DIV CXL AS PER AGENT 27,00% TAX QUANTITY RATE ($) CERT AMOUNT 8,544.33 CAEDIT AMOUNT o27 07/01/08;10:42 001 vasaiP EFTA00196886

--=PAGE_BREAK=--

BEAR STEARNS 8 of8 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 Transaction Detail (continued) 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 1, 2005 June 30, 2005 accout wuwccr IS TAXPAYER NUMBER On File THROUGH DIVIDENDS (continued) LAST STATEMENT = May 31, 2005 DATE CESCRIPTION SYMBOUCUSIP QUANTITY RATE (8) OEBIT AMOUNT (CREDIT AMOUNT 06/29/05 VECTOR GROUP LTD VGR 151,990 0.4000 60,796.00 REC 06/20/05 PAY 06/29/05 TOTAL $-8,544.33 $60,796.00 MISCELLANEOUS DATE MODAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 06/24/05 JOURNAL IFIL(IST FIN ITAL) 2,306.97 EUR1 INVST CL RD 05/25 PD 05/26 AT .27000 OIWINT WHLD REV REVERSE DIV CXL AS PER AGENT 27,00% TAX TOTAL $2,306.97 Your messages ie Bear Stearns receives payments or other remuneration from the advisers, distributors or other affiliates of certain of the mutual funds available through Bear Stearns, Such payments or remuneration are for administrative, technological or other services provided in connection with fund accounts and are generally calculated based on the amount of assets held in the accounts, Such payments or other remuneration are in addition to shareholder servicing and distribution fees that Bear Stearns may receive, Funds whose affiliates do not make payments to Bear Steams, including funds that may pay a higher or lower return, may be available to you, 027 07/01/08;10:42 001 vasaiP EFTA00196887

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS a" 10179 ACCOUNT EXECUTIVE = ZICHERMAN, IRA TevePHone VISIT OUR WEBSITE www.bearstearns.com What’s In This Statement Financial SUMMALY sscssssscsssersnscasecneniaee Your Portfolio Holdings Transaction Detail Fund Activity ,.., aon w Your Portfolio at a Glance MONEY MARKET FUND BALANCE 50,872,901 a NET EQUITY LAST STATEMENT 72,740,918 CHANGE SINCE LAST STATEMENT 31,924,255 There are no “Stop Loss” orders or other pending buy or sell open orders on file for your account. Please report amy diference or non-receipt of checks or stocks, indicated as delivered 0 you, % Client Services at 800-614-1428; of write to Clent Services at Bear, Steams Securities Corp., One Matrotoch Center North, Brmokyn, N.Y. 11201-3869. FINANCIAL TRUST COMPANY INC C/O AMERICAN YACHT HARBOR 6100 RED HOOK SUTE B-3 QUAETERS #2 ST THOMAS VI 00802-1348 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 30,2005 THROUGH May 31,2005 accout uncer I TAXPAYER NUMBER On File LAST STATEMENT April 29, 2005 Market Value of Your Portfolio $50,872,901 TOTAL VALUE OF SECURITIES THIS PERIOD 53,792,272 Cash & Equivalent rape $18,460,998 $53,792,272 $54,279,920 HE Current market value pot Last statements market value ‘This summary is for informational purposes only. It is not intended as a tax document, ‘This statemem should be retained for your records. See reverse side for important information. 027 (06/01/05;09:08 001 vara EFTA00196888

--=PAGE_BREAK=--

2 of 0 STATEMENT BACKER IS PRINTED ON THIS PAGE (06/01/05;09:03 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC vara EFTA00196889

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 3 of 10 Cash Flow Analysis THIS PERIOD Balance $0.00 Securities Sold 1,766,991 .00 Money Fund 16,582,154.21 Funds Deposited 47,654,387.59 Dividends/Interest 264,346.05 Securities Bought -72,020.00 Money Fund -48,943,551.88 Funds Withdrawn -16,250,000.00 Miscellaneous -1,002.306.97 Amount Debited . $-66,267,878.85 Closing Balance Income Summary THiS PERIOD YEAR TO DATE Dividends 314,847.62 1,030,097.07 Credit Balance Int. 3.72 2,313.63 Total $314,851.34 $1,032,410.70 Foreign Tax Withheld -2,306.97 -2,306.97 Portfolio Composition Cash/Cash Equivalent 50,872,901 Equities 53,792,272 Total $104.665.173 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC April 30, 2005 May 31,2005 On File April 29, 2005 STATEMENT PERIOD THROUGH ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT Your Portfolio Allocation Cash & Equivalet 49% 027 (06/01/05;09:03 001 Unshaded portions denote debt batance andicr short market values. The alocation percentage is derived from the absohte market value of your portloio, vara EFTA00196890

--=PAGE_BREAK=--

BEAR STEARNS 4 of Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRIETION DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 2,9000% SYMBOLICUSIP DICKX OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New = New York 10179 QUANTITY 50,872,901.01 PRICE 1.0000 50,872,901 MARKET ESTIMATED VALUE ANNUAL INCOME 1,322,695 2.6000 (CURRENT YELD () TOTAL CASH & CASH EQUIVALENTS EQUITIES Equities & Options $50,872,901 $1,322,695 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 30,2005 May 31,2005 accout wuwccr IS TAXPAYER NUMBER On File April 29, 2005 THROUGH LAST STATEMENT The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the Firm's Equity Research Department, The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: O = Outperform; P = Peer Perform; U = Underperform, The second rating represents the rating of the coverage universe relative to the regional broader market index, The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market Underweight, In cases where a BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed, where such research is available. The various providers have normalized their ratings systems as follows: B = Buy; H = Hold; S = Sell. The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal or investment advice, Bear Stearns is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider, The symbol company is temporarily not available due to legal reasons, Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost, Customers can access this research at www ,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them, DESCRIPTION BEAR STEARNS COMPANIES INC CELGENE CORP BSC RATING: STOCK P/SECTOR MO ARGUS FUNDAMENTAL RESEARCH RATING: B CELG ACCT SYMBOUCUSIP TYPE QUANTITY CASH 200,000 CASH 25,000 MARKET PRIKEE VALUE 99.0400 19,808,000 ESTIMATED ANNUAL INCOME 200,000 CURRENT YELD (%} 42.3400 1,058,500 o27 (06/01/05;09:03 001 indicates that continuing coverage of the subject 1.0097 vara EFTA00196891

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Soar, Stewme Securities Co a r Bear, Stearns & Co. Inc. One Metratech Center Nor BEAR nf ereinp one ee ala STEARNS New York, New York 10179 | | FINANCIAL TRUST COMPANY INC 5 of 0 STATEMENT PERIOO April 30,2005 THROUGH May 31,2005 Your Portfolio Holdings (continued) account wumecr TAXPAYER NUMBER On File . 7 LAST STATEMENT April 29, 2005 Equities & Options (continued) AcCT MAARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TPE QUANTITY PRICE VALUE __ ANNUAL INCOME YIELD (} COLGATE PALMOLIVE CO cL CASH 106,200 49.9700 5,306,814 123,192 2.3214 BSC RATING: STOCK O/SECTOR MW FULCRUM GLOBAL PARTNERS, LLC RATING: H DEERFIELD TRIARC CAP CORP cs 1,000,000 15.0000 15,000,000 ACCREDITED INVESTORS EQUITY OFFICE PROPERTIES TRUST EOP CASH 110,000 32.4900 3,573,900 220,000 6.1557 j SB! BSC RATING: STOCK P/SECTOR MW GREEN STREET ADVISORS, INC, RATING: S ENVIRONMENTAL SOLUTIONS ESww CASH 100,000 0.6200 62,000 WORLDWIDE INC IFIL(IST FIN ITAL) \FPSF CASH 100,000 4.1380 413,800 8,400 2.0300 EUR1 INVST CL KERZNER INTERNATIONAL LTD K2L CASH 10,000 61.5800 615,800 BSC RATING: STOCK P/SECTOR MW NED DAVIS RESEARCH RATING: 8 MACK-CALI REALTY CORP CLI CASH 88,100 44.0900 3,884,329 222,012 5.7156 BSC RATING: STOCK P/SECTOR MW GREEN STREET ADVISORS, INC, RATING: B TOO INC TOO CASH 50,000 19.8800 994,000 BSC RATING: STOCK P/SECTOR MW GARP RESEARCH RATING: VECTOR GROUP LTD VGR CASH 151,990 17.1500 2,606,629 243,184 9.3294 027 06/01/05,09:03 001 vara EFTA00196892

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 6 of 0 Your Portfolio Holdings (continued) Equities & Options (continued) MARKET VALUE 468,500 ACCT SYMBOLCUSIP TPE WYNN CASH DESCRIPTION WYNN RESORTS LTD BSC RATING: STOCK O’SECTOR MW WALL STREET STRATEGIES RATING: H Total Equities& Options QUANTITY 10,000 PRICE 46.8500 $53,792.272 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 30,2005 May 31, 2005 On File April 29, 2005 THROUGH ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT ESTIMATED ANNUAL INCOME CURRENT YIELD [') $1,016,788 TOTAL EQUITIES $53,792,272 $1,016,788 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME YOUR PRICED PORTFOLIOHOLDINGS $2,339,483 $104,665,173 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT = TRADE DATE OATE 05/02/05 04/27/05 TRANSACTION SOLD DESCRIPTION CELGENE CORP SYMBOLICUSIP CELG UNSOLICITED WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REQUEST UNIT PRICE 39,363000 DIFFERENCE - 0.060000 QUANTITY -25,000 PRICE 39.30300 DEBIT AMOUNT CREDIT AMOUNT 982,528.92 WORLDWIDE INC UNSOLICITED AVG PRICE: DETAILS ON REQUEST 027 (06/01/05;09:03 001 vara EFTA00196893

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 7 of 10 STATEMENT PERIOO THROUGH Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER NUMBER INVESTMENT ACTIVITY (continued) LAST STATEMENT SETTLEMENT TRADE DATE OATE TRANSACTION OESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT 05/12/05 05/09/05 SOLD VECTOR GROUP LTD VGR -50,000 15.75000 UNSOLICITED SEE NOTE "S" ON BACK WORLDWIDE INC UNSOLICITED AVG PRICE: DETAILS ON REQUEST WORLDWIDE INC UNSOLICITED AVG PRICE: DETAILS ON REQUEST 05/18/05 05/13/05 BOUGHT ENVIRONMENTAL SOLUTIONS Esww 22,900 16,493.00 WORLDWIDE INC UNSOLICITED AVG PRICE: DETAILS ON REQUEST TOTAL $-72,020.00 DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRETION DEBIT AMOUNT CREDIT AMOUNT 05/04/05 FND WIRED MDA; FNDS WIRED TO. 6,250,000.00 Pe FUNDS REC FNDS WIRED TO CITIBANK FROM 47,654,387.59 re ama von lll TOTAL $-16,250.000.00 $47,654,387.59 o27 06/01/05,09:03 001 vara One Metrotech Center North Brooklyn, New York 11201-2859 FINANCIAL TRUST COMPANY INC April 30,2005 May 31, 2005 On File April 29, 2005 CREDIT AMOUNT 784,462.08 $1,766.991.00 EFTA00196894

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST COMPANY INC 8 of 10 STATEMENT PERIOD April 30, 2005 THROUGH May 31,2005 Transaction Detail (continued) accouvt xumecr A TAXPAYER NUMBER On File MONEY FUND ACTIVITY LAST STATEMENT — April 29, 2005 OATE MO'DAY TRANSACTION: DESCAIPTION SYMBOUCUSIP QUANTITY PRICE OEBIT AMOUNT (CREDIT AMOUNT 04/30/05 OPENINGBALANCE 18,460,998.05 05/02/05 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICKX 982,528.92 ° 1.0000 982,528.92 INSTITUTIONAL SHARES INSTITUTIONAL SHARES MONTHLY DIVIDEND 05/02/05 REINVEST DREYFUS CASH MANAGEMENT-CL A DICKX 50,505.29 50,505.29 INSTITUTIONAL SHARES DIVIDEND REINVEST 05/03/05 BOUGHT OREYFUS CASH MANAGEMENT-CL A DICKX 225,000 1.0000 225,000.00 INSTITUTIONAL SHARES 05/04/05 SOLD DREYFUS CASH MANAGEMENT-CL A DICKK -6,250,000 1.0000 6,250,000.00 INSTITUTIONAL SHARES 05109105 SOLD DREYFUS CASH MANAGEMENT-CL A DICKX "40,613 1.0000 40,613.00 INSTITUTIONAL SHARES: 05112105 SOLD DREYFUS GASH MANAGEMENT-CL A DICK "324.542.92 ” t_o000 324,542.92 INSTITUTIONAL SHARES 05/13/05 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICKK 24,889 1.0000 24,889.00 INSTITUTIONAL SHARES 05/18/05 SOLD DREYFUS CASH MANAGEMENT-CL A DICKX -16,493 1.0000 16,493.00 INSTITUTIONAL SHARES INSTITUTIONAL SHARES INSTITUTIONAL SHARES LA DICKX 6,241.08 1.0000 6,241.08 05/27/05 BOUGHT DREYFUS CASH MANAGEMENT- INSTITUTIONAL SHARES 027 06/01/05,09:03 001 vara EFTA00196895

--=PAGE_BREAK=--

BEAR STEARNS 9 of 10 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 PERIOO April 30,2005 THROUGH May 31, 2005 Transaction Detail (continued) com wc I TAXPAYER NUMBER On File MONEY FUND ACTIVITY (continued) LAST STATEMENT — April 29, 2005 DATE MO'DAY TRANSACTION DESCRIPTION SYMBOUCUSIP QUANTITY PRICE OESIT AMOUNT (CREDIT AMOUNT 05/31/05 CLOSINGBALANCE 50,872,901.01 TOTAL $-48,943,551.88 $16,582,154.21 DIVIDENDS DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE ($) CEBIT AMOUNT CAEDIT AMOUNT 05/02/05 DEERFIELD TRIAAC CAP CORP 1,000,000 0.2250 225,000.00 ACCREDITED INVESTORS REC 03/24/05 PAY 04/29/05 SOLS eee een mar nnn nnn nnn REC 04/26/05 PAY 05/13/05 05/26/05 IFIL{IST FIN ITAL) ‘ iFPSE 100,000 0.0683 ‘ "g.544.33 ‘ EUR1 INVST CL REC 05/25/05 PAY 05/26/05 we 2,306.97 EM CONV, RATE: 01,25100 FOREIGN TAX WITHHELD TOTAL $-2,306.97 $264,342.33 INTEREST DATE CESCRIPTION SYMBOUCUSIP QUANTITY RATE (%) CERT AMOUNT CREDIT AMOUNT 05/23/05 ii" BALANCE 3.72 ACCT AT 02, re O4/21 - 05/20 TOTAL $3.72 o27 06/01/05,09:03 001 vara EFTA00196896

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 | 10 of 0 Transaction Detail (continued) MISCELLANEOUS DATE MO'DAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 05/12/05 JOURNAL TO 1,000,001 PER TOTAL $-1,000,000.00 f_™ [stop] **e*** End of Statement™***** (06/01/08,09:03 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOD April 30,2005 THROUGH May 31, 2005 accoust numecr (IS TAXPAYER NUMBER On File LAST STATEMENT April 29, 2005 vara EFTA00196897

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 Pe ACCOUNT EXECUTIVE = ZICHERMAN, IRA TevepHone VISIT OUR WEBSITE www.bearstearns.com What’s In This Statement Financial SUMMALY ssesssssscsssessscasecnensaee Your Portfolio Holdings Transaction Detail Fund Activity wun Open Orders sssscsrersscsscecsasessccssecsacecsersses Trades Not Yet Settled 00... esssseseees Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD 54,279,920 MONEY MARKET FUND BALANCE 18,460,998 NET EQUITY LAST STATEMENT 78,276,874 CHANGE SINCE LAST STATEMENT -5,535,956 Please report amy diference or non-receipt of checks or stocks, indicated as delivered 10 you, { Client Services at 800-614-1428; of write to Clent Services at Bear, Steams Securities Comp., One Matrotoch Center North, Bmokiyn N.Y. 11201-3859. oO nNOS W FINANCIAL TRUST COMPANY INC C/O AMERICAN YACHT HARBOR 6100 RED HOOK SUTE B-3 QUAETERS #2 ST THOMAS VI 00802-1348 Market Value of Your Portfolio 18,460,998 Cash & Er lent 7 $54,279,920 HE Current market value | Last statements market value 027 (04/90008;11:24 001 ‘This summary 5 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. 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 t, 2005 THROUGH April 29, 2005 accout wumccr (SH TAXPAYER NUMBER On File LAST STATEMENT March 31,2005 EFTA00196898

--=PAGE_BREAK=--

2 of9 STATEMENT BACKER IS PRINTED ON THIS PAGE (04/90/08;11:24 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC EFTA00196899

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North BEAR 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York. New York 10179 fl Le FINANCIAL TRUST COMPANY INC 3 of9 STATEMENT PERIOD April 1, 2005 THROUGH April 29, 2005 . ACCOUNT NUMBER | | | Cash Flow Analysis Income Summary TAXPAYER NUMBER On File THis PERIOD ToS PERIOD YEAR TO DATE ; LAST STATEMENT March 31,2005 Balance $0.00 Dividends Hi025.40 715,249.45 Credit Balance Int. 0.00 2,309.91 Securities Sold 25,352.21 seseeeeneenensees anaes sesnesees angeesaeseen eas eevsccesence seeeeavecsce Money Fund 6,907,937.03 rota sssceneceeeeenece ee: AMMO scene LO cenenene Dividends/Interest 160,503.00 Miscellaneous 475,000.37 Amount Credited “Portfolio Composition _ Cash/Cash Equivalent 18.460,998 Securities Bought .856,405.00 ; Equities 54,279,920 Money Fund -712,387.61 OUENEEENEN EE 11) AEEENSEEEEEENENEN NEE | 111 REEEENER NEE EERE REE EE TI 1 | SERENE EE ‘seeeeneeeeeneee Funds Withdrawn -8,000,000.00 ct sasnsssussessseststtutststmnnatnsestnes ect to neste Ea ClosingBalance Your Portfolio ences nneeasensecsseenssenses seseeensonssossecensesd 1 evsesnsensesssessneanses soe Allocation Cash & Equivalent 26% — Equities 74% Unshaded portions denote debt balance andicr short market values, The allocation percentage is derived from the absohte market value of your portiatio. 027 04/°3008;11:24 001 var? EFTA00196900

--=PAGE_BREAK=--

BEAR STEARNS aos Your Portfolio Holdings CASH & CASH EQUIVALENTS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New = New York 10179 NAARKET ESTIMATED CURRENT DESCRICTION SYMBOLICUSIP QUANTITY PRICE VALUE ANNUAL INCOME YIELD ('%} DREYFUS CASH MANAGEMENT-CL A DICKX 18,460,998.05 1.0000 18,460,998 461,525 2.5000 INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 2,.6900% TOTAL CASH & CASH EQUIVALENTS $18,460,998 $461,525 EQUITIES Equities & Options 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 1, 2005 April 29, 2005 accout wuwccr IS TAXPAYER NUMBER On File March 31,2005 THROUGH LAST STATEMENT The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the Firm's Equity Research Department, The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: O = Outperform; P = Peer Perform; U = Underperform, The second rating represents the rating of the coverage universe relative to the regional broader market index, The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market Underweight, In cases where a BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed, where such research is available. The various providers have normalized their ratings systems as follows: B = Buy; H = Hold; S = Sell. The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal or investment advice, Bear Stearns is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider, The symbol company is temporarily not available due to legal reasons, Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost, Customers can access this research at www ,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them, DESCRIPTION BEAR STEARNS COMPANIES INC CELGENE CORP BSC RATING: STOCK P/SECTOR MO ARGUS FUNDAMENTAL RESEARCH RATING: B CELG ACCT SYMBOUCUSIP TYPE CASH CASH QUANTITY 200,000 50,000 MARKET PRIKEE VALUE 94.6600 18,932,000 o27 ESTIMATED ANNUAL INCOME 200,000 CURRENT YELD (%} 37.9100 1,895,500 (04/90/08;11:24 001 indicates that continuing coverage of the subject 1.0564 var? EFTA00196901

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST COMPANY INC 5 of9 STATEMENT PERIOD April 1, 2005 THROUGH April 29, 2005 Your Portfolio Holdings (continued) commen A! TAXPAYER NUMBER On File March 31, 2005 Equities & Options (continued) LAST STATEMENT ACCT NAARKET ESTIMATED CURRENT DESCRIPTION SYMBOLICUSIP TE QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) COLGATE PALMOLIVE CO cL CASH 106,200 49.7900 5,287,698 123,192 2.3298 BSC RATING: STOCK O/SECTOR MW FULCRUM GLOBAL PARTNERS, LLC RATING: H DEERFIELD TRIARC CAP CORP cs 1,000,000 15.0000 15,000,000 ACCREDITED INVESTORS EQUITY OFFICE PROPERTIES TRUST EOP CASH 110,000 31.4700 3,461,700 220,000 6.3553 j SB! BSC RATING: STOCK P/SECTOR MW GREEN STREET ADVISORS, INC, RATING: S IFIL{IST FIN ITAL) IFPSF CASH 100,000 4.1940 419,400 8,800 2.0982 EUR1 INVST CL KERZNER INTERNATIONAL LTD K2L CASH 10,000 55.0900 550,900 BSC RATING: STOCK P/SECTOR MW NED DAVIS RESEARCH RATING: 8 MACK-CALI REALTY CORP CLI CASH 88,100 43.9900 3,875,519 222,012 5.7286 BSC RATING: STOCK P/SECTOR MW GREEN STREET ADVISORS, INC, RATING: B TOO ING Too CASH 50,000 23.0100 1,150,500 BSC RATING: STOCK P/SECTOR MW GARP RESEARCH RATING: B VECTOR GROUP LTD VGR CASH 201,990 15.7300 3,177,303 323,184 10.1716 WYNN RESORTS LTD WYNN CASH 10,000 52.9400 529,400 BSC RATING: STOCK O’SECTOR MW WALL STREET STRATEGIES RATING: B Total Equities& Options $54,279,920 $1,097,188 TOTAL EQUITIES $54,279,920 $1,097,188 027 (04/3005;11:24 001 var? EFTA00196902

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST COMPANY INC 6 of9 STATEMENT PERIOD April 1, 2005 THROUGH April 29, 2005 accoust numecr (IS TAXPAYER NUMBER On File LAST STATEMENT March 31, 2005 Your Portfolio Holdings (continued) YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $1,558,713 YOUR PRICED PORTFOLIOHOLDINGS $72,740,918 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 04/14/05 04/11/05 BOUGHT CELGENE CORP CELG 50,000 37.12800 1,856,405.00 UNSOLICITED WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REQUEST UNIT PRICE 37,068000 DIFFERENCE + 0.060000 a0 sonnenane 11s aueuneueunenaneesenen {111 euunenausesensenenene 1 (aununeneuseuensenenen {111 eueenensenanaeseneni " onan 1111 ANONOENONOUNANONOENON 111 eunneneNOuOeONOEnOnS (11 {enanneneT es ieanenanenae 04/15/05 04/12/05 SOLD LADENBURG THALMANN FINL SVCS Ls 48,477 0.54110 25,352.21 AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED TOTAL $-1,856,405.00 $25,352.21 DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRETION DEBIT AMOUNT CREDIT AMOUNT 04/21/05 FND WIRED MDA; IOS WIRED TO 2,000,000.00 FLEI 027 04/°3008;11:24 001 var? EFTA00196903

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North BEAR 383 Madison Avenue Brocklyn, New York 11201-2859 STEARNS New York. New York 10179 fl | FINANCIAL TRUST COMPANY INC 7 of9 STATEMENT PERIOD April 1, 2005 THROUGH April 29, 2005 Transaction Detail (continued) com wc I TAXPAYER NUMBER On File DEPOSITS AND WITHDRAWALS (continued) LAST STATEMENT = March 31, 2005 DATE TRANSACTION DESCRPTION DEBIT AMOUNT CREDIT AMOUNT 04/26/05 END WIRED MDA; FNDS WIRED TO 3,000.000.00 TOTAL $-5,000,000.00 MONEY FUND ACTIVITY DATE MO'DAY TRANSACTION: DESCRIPTION SYMBOUCUSIP QUANTITY PRICE OEBIT AMOUNT CREDIT AMOUNT 04/01/05 OPENINGBALANCE 24,605,015.07 04/01/05 BOUGHT DREYFUS GASH MANAGEMENT-CL A DICK 475.000 1.0000 475,000.00 INSTITUTIONAL SHARES 04/01/05 DIVIDEND OREYFUS CASH MANAGEMENT-CL A DICKK 51,532.40 INSTITUTIONAL SHARES MONTHLY DIVIDEND 04/07/05 REINVEST DREYFUS CASH MANAGEMENT-CL A BGK $1532.40 51,532.40 INSTITUTIONAL SHARES DIVIDEND REINVEST SOLD DREYFUS CASH MANAGEMENT-CL A DICKK “'856.404.63 1.0000 1,856,404.63 INSTITUTIONAL SHARES 04, 15/05 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICKK 80,352.21 1.0000 80,352.21 INSTITUTIONAL SHARES INSTITUTIONAL SHARES INSTITUTIONAL SHARES ‘05 SOLD DREYFUS CASH MANAGEMENT-CL A DICKK -3,000,000 1.0000 3,000,000.00 INSTITUTIONAL SHARES 027 04/°3008;11:24 001 var? EFTA00196904

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS a" 10179 8 os FINANCIAL TRUST COMPANY INC STATEMENT PERIOD April 1, 2005 THROUGH April 29, 2005 Transaction Detail (continued) accouvt xumecr A TAXPAYER NUMBER On File MONEY FUND ACTIVITY (continued) LAST STATEMENT = March 31, 2005 DATE MOVDAY TRANSACTION DESCAIFTION SYMBOUCUSIF QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 04/29/05 BOUGHT OREYFUS CASH MANAGEMENT-CL A DICK 50,000 1.0000 50,000.00 INSTITUTIONAL SHARES 04/29/05 CLOSINGBALANCE 18,460,998.05 TOTAL $-712,387.61 $6,907,937.03 DIVIDENDS DATE DESCRIPTION SYMBOUCUSIP QUANTITY AATE ($) CEBIT AMOUNT CAEDIT AMOUNT 04/15/05 EQUITY OFFICE PROPERTIES TRUST EOP 110,000 0.5000 55,000.00 BI REC 03/31/05 PAY REC 04/05/05 PAY 04/18/05 REC 04/19/05 PAY 04/29/05 TOTAL $160,503.00 15/05 MISCELLANEOUS DATE MODAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 04/01/05 JOURNAL FROM i 150,000.00 027 04/°3008;11:24 001 var? EFTA00196905

--=PAGE_BREAK=--

BEAR STEARNS 9 of9 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 Transaction Detail (continued) MISCELLANEOUS (continued) 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 1, 2005 THROUGH April 29, 2005 accout wuwccr IS TAXPAYER NUMBER On File LAST STATEMENT March 31, 2005 DATE MO'DAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 04/01/05 CASH-LIEU LADENBURG THALMANN FINL SVCS 0.37 CASH IN LIEU OF .60000 VECTOR GROUP LTD REC 03/18/05 PAY 03/30/05 SPIN-OFF F/R YO02114 TOTAL $475,000.37 Open Orders ENTRY DATE DESCAIPTION SYMBOL/CUSIP QUANTITY 04/18/05 VECTOR GROUP LTD VGR -50,000 ORDER PRICE 15,75 GOOO TILL CANCELLED Trades Executed Pending Settlement SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY DEBIT AMOUNT CREDIT AMOUNT 05/02/05 04/27/05 SOLD CELGENE COAP CELG -25,000.00 982,528.92 UNSOLICITED WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REQUEST UNIT PRICE 39,363000 DIFFERENCE - 0.060000 TOTAL $0.00 $982,528.92 The above trades do not appear in any other section of this statement o27 04/3005;11:24 001 var? EFTA00196906

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metrotech Center North 383 Madison Avenue Brockiyn, New York 11201-3859 STEARNS New York. New York 10179 | | FINANCIAL TRUST COMPANY INC ACCOUNT EXECUTIVE ZICHERMAN, IRA STATEMENT PERIOO March 1, 2005 TecepHone = THROUGH March 31, 2005 VISIT OUR WEBSITE wow.bearstearns.com account numecr = What’s In This Statement Wasa Docsbealslsssaddedldldiallals TAXPAYER NUMBER On File LAST STATEMENT February 28, 2005 Financial Summary . 3 FINANCIAL TRUST COMPANY INC Your Portfolio Holdings . 4 C/O AMERICAN YACHT HARBOR Transaction Detail ...useseeeeeees 6 6100 RED HOOK SUTE B-3 Fund Activity ,, . 6 QUAETERS #2 Your Messages 8 ST THOMAS VI 00802-1348 Your Portfolio at a Glance Market Value of Your Portfolio $24,605,015 TOTAL VALUE OF SECURITIES THIS PERIOD 53,671,859 “ash # Equialent See $24,486,032 MONEY MARKET FUND BALANCE 24,605,015 Emden $53,671,859 $54,229,457 NET EQUITY THIS PERIOD $78,276,874 NET EQUITY LAST STATEMENT 78,715,489 SEH] Last statement's market value CHANGE SINCE LAST STATEMENT -438,615 There are no "Stop Loss” orders or other pending buy or sell open orders on file for your account. Please report amy difference or non-receipt of checks of stocks, indicated as delivered to you, ‘This summary §5 for informational purposes only. It Is mot intended as a tax document © Client Serices at 800-634-1428; or write to Clent Services at Bear, Steams Securities ‘Ths statemem should be retamed for your records See reverse side for important information. Cop., One Mewoloch Center North, Brooklyn, N.Y. 11201-3859. 027 04/01/08;09:49 001 va7e EFTA00196907

--=PAGE_BREAK=--

2 of8 STATEMENT BACKER IS PRINTED ON THIS PAGE 04/01/05;09:49 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC va7ré EFTA00196908

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North BEAR 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York New York 10179 as | FINANCIAL TRUST COMPANY INC 3 of8 STATEMENT PERIOD March 1, 2005 THROUGH March 31, 2005 . ACCOUNT NUMBER | | | Cash Flow Analysis Cash Balance Summary TAXPAYER NUMBER On File THIS PERIOD OPENING CLOSING $381.73 LAST STATEMENT February 28, 2005 Balance Cash 381.73 0.00 Money Fund 96,096.38 Net Cash Balance $381.73 $0.00 Funds Deposited 51.02 svvttncesnsvtstnenvnnonnnsnnesssssatneesnnenesnvasssentnennnstseennyesnsaneenensnee Dividends/Interest 80,836.21 Amount Credited $118,983.56 os Income Summary Money Fund -119,365.29 THS PERIOD YEAR TO DATE sessssanenneetnnsennnenssssanneenneennnnennnessscannaneene seeeeesiie Dividends 118,892.33 503,214.05 ec ete, sass iciconcemnine Credit Balance Int. 40.21 2,309.91 _— 881-78 TORR Ls sernesertneernteesse eee et oe eon sorteee OE, 5 sas Your Portfolio Portfolio Composition Allocation Cash/Cash Equivalent 24,605,015 Equities 53,671,859 Cash & Equivalent 32% — Equities 68% Unshaded portions denote debt balance andicr short market values, The allocation percentage is derived from the absohte market value of your portiatio. 027 04/01/05;09:49 001 va7é EFTA00196909

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metrotech Center North BEAR 383 Madison Avenue Brocklyn, New York 11201-2859 STEARNS New _ New York 10179 Pe FINANCIAL TRUST COMPANY INC 4 oe STATEMENT PERIOO March 1, 2005 THROUGH March 31,2005 accout wuwccr IS TAXPAYER NUMBER On File LAST STATEMENT February 28,2005 Your Portfolio Holdings CASH & CASH EQUIVALENTS NAARKET ESTIMATED CURRENT DESCRICTION SYMBOLICUSIP QUANTITY PRICE VALUE ANNUAL INCOME YIELD ('%} DREYFUS CASH MANAGEMENT-CL A DICKX 24,605,015.07 1.0000 24,605,015 516,705 2.1000 INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 2.6700% TOTAL CASH & CASH EQUIVALENTS $24,605,015 $516,705 EQUITIES Equities & Options The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the Firm's Equity Research Department, The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: O = Outperform; P = Peer Perform; U = Underperform, The second rating represents the rating of the coverage universe relative to the regional broader market index, The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market Underweight, In cases where a BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed, where such research is available. The various providers have normalized their ratings systems as follows: B = Buy; H = Hold; S = Sell. The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal or investment advice, Bear Stearns is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider, The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons, Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost, Customers can access this research at www ,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them, AgcT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TE QUANTITY PRE VALUE ANNUAL INCOME YELD (%} BEAR STEARNS COMPANIES INC BSc CASH 200,000 99.9000 19,980,000 200,000 1.0010 COLGATE PALMOLIVE CO cL CASH 106,200 52.1700 5,540,454 123,192 2.2235 DEERFIELD TRIARC CAP CORP cts 1,000,000 15.0000 15,000,000 ACCREDITED INVESTORS 027 04/01/05;09:49 001 va7ré EFTA00196910

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. One Metrotech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST COMPANY INC 5 of @ STATEMENT PERIOO March 1, 2005 THROUGH March 31,2005 Your Portfolio Holdings (continued) account wumecr TAXPAYER NUMBER On File LAST STATEMENT February 28, 2005 Equities & Options (continued) ACCT NAARKET ESTIMATED CURRENT DESCRIPTION ‘SYMBOU'CUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) EQUITY OFFICE PROPERTIES TRUST EOP CASH 110,000 30.1300 3,314,300 220,000 6.6379 SBI BSC RATING: STOCK P/SECTOR MW GREEN STREET ADVISORS, INC, RATIN IFIL(IS PSF CASH 100,000 4.4330 443,300 8,800 1.9851 EUR1 INVST CL KERZNER INTERNATIONAL LTD K2L CASH 10,000 61.2300 612,300 BSC RATING: STOCK P/SECTOR MW NED DAVIS RESEARCH RATING: 8 LADENBUAG THALMANN FINL SVCS LTS CASH 48,477 0.6800 32,964 MACK-CALI REALTY CORP CLI CASH 88,100 42.3500 3,731,035 222,012 5.9504 BSC RATING: STOCK P/SECTOR MW GREEN STREET ADVISORS, INC, RATING: H TOO INC Too CASH 50,000 24.6700 1,233,500 BSC RATING: STOCK P/SECTOR MW GARP RESEARCH RATI VECTOR GROUP LTD VGR CASH 201,990 15.3800 3,106,606 323,184 10.4031 WYNN RESORTS LTD WYNN CASH 10,000 67.7400 677,400 BSC RATING: STOCK O/SECTOR MW WALL STREET STRATEGIES RATING: B Total Equities& Options $53,671,859 $1,097,188 TOTAL EQUITIES $53,671,859 $1,097,188 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $1,613,893 YOUR PRICED PORTFOLIOHOLDINGS $78,276,874 027 04/01/05;09:49 001 va7é EFTA00196911

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 6 of8 Transaction Detail 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, 2005 March 31,2005 accout wuwccr IS TAXPAYER NUMBER On File THROUGH INVESTMENT ACTIVITY LAST STATEMENT February 28, 2005 SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLCUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 03/30/05 03/22/05 BOUGHT LADENBURG THALMANN FINL SVCS LTS 48,477 SPINOFF ON SHS VECTOR GROU SPIN-OFF F/R YOO2114 REC 03/18/05 PAY 03/30/05 AS OF 03/22/05 TOTAL DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRETION DEBIT AMOUNT CREDIT AMOUNT 03/10/05 FUNDS REC FNDS WIRED TO CITIBANK FROM 51.02 TOTAL $51.02 MONEY FUND ACTIVITY DATE MO’DAY TRANSACTION DESCAIPTION SYMBOUCUSIP QUANTITY PRICE CEBIT AMOUNT CAEDIT AMOUNT 03/01/05 OPENINGBALANCE 24,485,649.78 INSTITUTIONAL SHARES DREYFUS CASH MANAGEMENT-CL A BIC INSTITUTIONAL SHARES MONTHLY DIVIDEND 03/01/05 REINVEST 03/07/05 DIVIDEND 38,096.33 DREYFUS CASH MANAGEMENT-CL A. BGK INSTITUTIONAL SHARES DIVIDEND REINVEST 38,096.33 38,096.33 027 04/01/05;09:49 001 EFTA00196912

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 Transaction Detail (continued) MONEY FUND ACTIVITY (continued) 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 March 1,2005 THROUGH March 31,2005 accoust numecr (IS TAXPAYER NUMBER On File LAST STATEMENT February 28, 2005 DATE MONDAY TRANSACTION DESCAIPTION SYMBOUUSIF QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 03/30/05 BOUGHT OREYFUS CASH MANAGEMENT-CL A DICK 80,887.23 1.0000 80,887.23 INSTITUTIONAL SHARES 03/31/05 CLOSINGBALANCE 24,605,015.07 TOTAL $-119.365.29 $38,096.33 DIVIDENDS DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE ($) DEBIT AMOUNT CREDIT AMOUNT 03/30/05 VECTOR GROUP LTD VGR 201,990 0.4000 80,796.00 REC 03/18/05 PAY 03/30/05 TOTAL $80,796.00 INTEREST DATE DESCRIPTION SYMBOUCUSIF QUANTITY RATE (%) DEBIT AMOUNT CREDIT AMOUNT 03/21/05 INTEREST ONCREDIT BALANCE 40.21 ACCT ATO, % U2/21 - 03/20 TOTAL $40.21 oz? 04/01/05;09:49 001 ware EFTA00196913

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 8 of8 Your messages i Bear, Stearns Securities Corp, Net Capital and Net Capital Requirements: At November 30, 2004 and January 31, 2005, the Company's net capital of approximately $3,8 billion and $3,8 billion was approximately 6,4% and 6,3% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $1.2 billion and $1,2 billion by approximately $2,6 billion and $2,6 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, STOP ****** End of Statement™***** 027 04/01/05;09:49 001 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 1,2005 THROUGH March 31,2005 accout wuwccr IS TAXPAYER NUMBER On File LAST STATEMENT February 28,2005 EFTA00196914

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. One Metrotech Center North BEAR 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS New York. New York 10179 | | FINANCIAL TRUST COMPANY INC ACCOUNT EXECUTIVE ZICHERMAN, IRA STATEMENT PERIOO February 1, 2005 TecepHone = THROUGH February 28, 2005 VISIT OUR WEBSITE wow.bearstearns.com account numccr = What’s In This Statement WssalDcsbeclsUDssssdsdealldldallels TAXPAYER NUMBER On File LAST STATEMENT January 31, 2005 Financial Summary . . 3 FINANCIAL TRUST COMPANY INC Your Portfolio Holdings . 4 C/O AMERICAN YACHT HARBOR Transaction Detail .....esseseeeee 6 6100 RED HOOK SUTE B-3 Fund Activity sassssseassssensasseneains 7 QUAETERS #2 ST THOMAS VI 00802-1348 Your Portfolio at a Glance Market Value of Your Portfolio $24,486,032 TOTAL VALUE OF SECURITIES THIS PERIOD 54,229,457 Cash & Equivalent H $25,574,586 NET CREDIT BALANCE 382 $54,229,457 Equiies $37,891,418 MONEY MARKET FUND BALANCE 24,485,650 sees ansennuaneennnsetsnnessssaennnensenneensennsesossaness svveesaeeeennnenseene HE Current market value NET EQUITY THIS PERIOD $78,715,489 SERB Last statement’s market value NET EQUITY LAST STATEMENT 63,466,004 CHANGE SINCE LAST STATEMENT 15,249,485 There are no “Stop Loss’ orders or other pending buy or sell open orders on file for your account. Please report amy difference of non-receipt of checks of stocks, indicated as delivered to you, ‘This summary 6s for informational purposes only. It bs mot intended as a tax document {© Client Serices at 800-634-1428; or write to Clent Services at Bear, Steams Securities ‘Ths statemem should be retamed for your records See reverse side for important imformation. Cop., One Mewoloch Center North, Brooklyn, N.Y. 11201-3859. 027 04/01/08;11:09 001 va72 EFTA00196915

--=PAGE_BREAK=--

2 of8 STATEMENT BACKER IS PRINTED ON THIS PAGE 04/01/08;11:08 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC var2 EFTA00196916

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 3 of8 Cash Flow Analysis THIS PERIOD Balance $76,887.97 Securities Sold 16,615,671.20 Money Fund 12,618,780.35 Dividends/Interest 381.73 Amount Credited Securities Bought Money Fund Amount Debited $-29,311,339.52 $29,234.833.28 -17,754,032.78 -11,557,306.74 Net Cash Activity -76,506.24 Cash Balance Summary OPENING CLOSING Cash 76,887.97 381.73 Net Cash Balance $76,887.97 $381.73 Income Summary THiS PERIOD YEAR TO DATE Dividends 49,425.72 384,321.72 Credit Balance Int. 381.73 2,269.70 Total Portfolio Composition Cash/Cash Equivalent 24,486,032 Equities 54,229,457 Total $78,715,489 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, 2005 THROUGH accout wuwccr IS TAXPAYER NUMBER On File LAST STATEMENT January 31, 2005 Your Portfolio Allocation Cash & Equivalent 32% 027 04/01/05;11:09 001 February 28, 2005 — Equities 68% Unshaded portions denote debt balance andicr short market values, The allocation percentage is derived from the sbsohte market value of your var2 porttotio. EFTA00196917

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metrotech Center North BEAR 383 Madison Avenue Brocklyn, New York 11201-2859 STEARNS New _ New York 10179 Pe FINANCIAL TRUST COMPANY INC 4 oe STATEMENT PERIOD February 1, 2005 THROUGH February 28, 2005 accout wuwccr IS TAXPAYER NUMBER On File LAST STATEMENT January 31, 2005 Your Portfolio Holdings CASH & CASH EQUIVALENTS MARKET ESTIMATED (CURRENT DESCRIETION SYMBOUCUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD [) CASH BALANCE 382 DREYFUS CASH MANAGEMENT-CL A DICXX 24,485,649.78 1.0000 24,485,650 514,199 2.1000 INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 2,3400% TOTAL CASH & CASH EQUIVALENTS $24,486,032 $514,199 EQUITIES Equities & Options The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the Firm's Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst, The key for the stock rating values is as follows: O = Outperform; P = Peer Perform; U = Underperform, The second rating represents the rating of the coverage universe relative to the regional broader market index, The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market Underweight. In cases where a BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed, where such research is available, The various providers have normalized their ratings systems as follows: B = Buy; H = Hold; S = Sell, The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal or investment advice, Bear Stearns is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider, The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons, Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost, Customers can access this research at www,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them, ACCT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TE QUANTITY PRE VALUE __ ANNUAL INCOME YELD (% BEAR STEARNS COMPANIES INC BSC CASH 99.5000 19,900,000 200,000 1.0050 DEERFIELD TRIAAC CAP CORP ; CASH 1,000,000 15.0000 15,000,000 ACCREDITED INVESTORS 027 04/01/08;11:08 001 var2 EFTA00196918

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North BEAR 383 Madison Avenue Brocklyn, New York 11201-2859 STEARNS New York New York 10179 as Le FINANCIAL TRUST COMPANY INC 5 of6 STATEMENT PERIOD February 1, 2005 THROUGH February 28, 2005 Your Portfolio Holdings (continued) account wumecr TAXPAYER NUMBER On File LAST STATEMENT January 31, 2005 Equities & Options (continued) ACCT NAARKET ESTIMATED CURRENT DESCRIPTION ‘SYMBOU'CUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) EQUITY OFFICE PROPERTIES TRUST EOP CASH 110,000 30.1700 3,318,700 171,050 5.1541 SBI BSC RATING: STOCK P/SECTOR MW GREEN STREET ADVISORS, INC, RATIN IFIL(IS PSF CASH 100,000 4.4030 440,300 8,200 1.8624 EUR1 INVST CL KERZNER INTERNATIONAL LTD K2L CASH 10,000 63.9400 639,400 BSC RATING: STOCK P/SECTOR MW NED DAVIS RESEARCH RATING: 8 MACK-CALI REALTY CORP cl CASH 88,100 44.2000 3,894,020 222,012 5.7014 BSC RATING: STOCK P/SECTOR MW GREEN STREET ADVISORS, INC, RATING: B TOO INC Too CASH 50,000 26.5600 1,328,000 BSC RATING: STOCK P/SECTOR MW GARP RESEARCH RATING: VECTOR GROUP LTD VGR CASH 201,990 16.7000 3,373,233 323,184 9.5808 WYNN RESORTS LTD WYNN CASH 10,000 71.5700 715,700 BSC RATING: STOCK O/SECTOR MW WALL STREET STRATEGIES RATING: B Total Equities& Options $54,229,457 $1,047,638 TOTAL EQUITIES $54,229,457 $1,047,638 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $1,561,837 YOUR PRICED PORTFOLIOHOLDINGS $78,715,489 027 04/01/05;11:09 001 var2 EFTA00196919

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North BEAR 383 Madison Avenue Brocklyn, New York 11201-2859 STEARNS New York New York 10179 as Le FINANCIAL TRUST COMPANY INC 6 of8 STATEMENT PERIOO February 1, 2005 THROUGH February 28, 2005 Transaction Detail account xumecr = TAXPAYER NUMBER On File INVESTMENT ACTIVITY LAST STATEMENT —_ January 31, 2005 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT GREOIT AMOUNT 02/01/05 01/27/05 BOUGHT COLGATE PALMOLIVE CO cL 200,000 52.41970 10,495,945.00 UNSOLICITED UNSOLICITED SEE NOTE "S" ON BACK 02/08/05 SOLD BEAR STEARNS COMPANIES INC BSC -100,000 103.00020 10,293,676.12 AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED BEAR, STEARNS & CO, INC, IS A SUBSIDIARY OF THE ISSUER, AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT 02! -93,800 54.51590 5,107,790.18 UNSOLICITED BNSOLICITED UNSOLICITED UNSOLICITED TOTAL $-17,754.032.78 _$16,615,671.20 027 04/01/08;11:03 001 var2 EFTA00196920

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST COMPANY INC 7 of 8 . STATEMENT PERIOO February 1, 2005 THROUGH February 28,2005 Transaction Detail (continued) commen a TAXPAYER NUMBER On File MONEY FUND ACTIVITY LAST STATEMENT —_ January 31, 2005 OATE MO'DAY TRANSACTION: DESCAIPTION SYMBOUCUSIP QUANTITY PRICE OEBIT AMOUNT CREDIT AMOUNT 02/01/05 OPENINGBALANCE 25.497 ,697.67 02/01/05 SOLD DREYFUS CASH MANAGEMENT-CL A DICKX -10,419,057.03 ° 1.0000 10,419,057.03 INSTITUTIONAL SHARES INSTITUTIONAL SHARES MONTHLY DIVIDEND 02/01/05 REINVEST DREYFUS CASH MANAGEMENT-CL A DICKX 49,425.72 49,425.72 INSTITUTIONAL SHARES DIVIDEND REINVEST INSTITUTIONAL SHARES INSTITUTIONAL SHARES INSTITUTIONAL SHARES INSTITUTIONAL SHARES 02/28/05 CLOSINGBALANCE 24,485,649.78 TOTAL $-11,557,306.74 $12,.618,780.35 027 04/01/05;11:09 001 var2 EFTA00196921

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 | 8 of6 Transaction Detail (continued) CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOO February 1,2005 THROUGH February 28,2005 accoust numecr (IS TAXPAYER NUMBER On File INTEREST LAST STATEMENT January 31, 2005 DATE DESCRIPTION SYMBOUOUSIP QUANTITY RATE (Se) DEBIT AMOUNT CAEDIT AMOUNT 02/22/05 INTEREST ONCREDIT BALANCE 381.73 ACCT ATOM, ve U1/21 - 02/20 TOTAL $381.73 /—™, (stop) **e*** End of Statement™***** oz? 02/01108;11:08 001 ware EFTA00196922

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New _ New York 10 ACCOUNT EXECUTIVE = ZICHERMAN, IRA TevePHone VISIT OUR WEBSITE wow.bearstearns.com What’s In This Statement Financial Summary , Your Portfolio Holdings . Transaction Detail ......s.sssssessseresseeerees Fund Activity vssenseses ' Trades Not Yet Settled ., on Or Ww Your Portfolio at a Glance NET CREDIT BALANCE 76,888 MONEY MARKET FUND BALANCE 25,497,698 NET EQUITY LAST STATEMENT 119,729,154 CHANGE SINCE LAST STATEMENT -56,263,150 “This portfolio indudes one or more unpriced securties that are not reflected in the Total Value of Securties and the Net Equity This Period There are no "Stop Loss’ orders or other pending buy or sell open orders on file for your account. Ploase mport any difference cr nce-roceigt of checks or stocks, indicated as delivered to you, % Client Senices at 800-634-1428; cr write to Clont Services at Bear, Steams Securities Comp., One Metrolech Center North, Brooklyn, N.Y. 11201-3859. 179 FINANCIAL TRUST COMPANY INC C/O AMERICAN YACHT HARBOR 6100 RED HOOK SUTE B-3 QUAETERS #2 ST THOMAS VI 00802-1348 Market Value of Your Portfolio 25 574.586 TOTAL VAWUE OF SECURES THS PENOOY 97,691,418 ‘sin # Eahlnt — I rset mm ss,000 400 7.891.418 castes EAA 5.750.669 HE Current market value SESY Last statements market value CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOO January 1, 2005 THROUGH January 31, 2005 accout wumccr TAXPAYER NUMBER On File LAST STATEMENT December 31,2004 ‘This summary 5 for informational purposes only. It Is not intended as a tax document, ‘This statemem should be retained for your records. See reverse side for important information. o27 02/01/05;07:85 001 EFTA00196923

--=PAGE_BREAK=--

2 of9 STATEMENT BACKER IS PRINTED ON THIS PAGE 02/01/08;07:85 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST COMPANY INC vara EFTA00196924

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 3 of9 Cash Flow Analysis THIS PERIOD Balance $0.00 Securities Sold 809.475.98 Money Fund 41,327,043.60 Dividends/Interest 336,783.97 Miscellaneous 475,000.00 Securities Bought -339,842.12 Money Fund -781.573.46 Funds Withdrawn -41,750,000.00 Amount Debited Net Cash Activity $-42.871,415.58 76,887.97 Same day Yansfors cf cash between account types are not inchuded in this section; such transfers, as well ag details for all other transactions this period, appear in Transaction Detal Cash Balance Summary OPENING. CLOSING Cash 0.00 76,887.97 Net Cash Balance $0.00 $76,887.97 Income Summary THiS PERIOD YEAR TO DATE Dividends 334,896.00 334,896.00 Credit Balance Int. 1,887.97 1,887.97 Total Portfolio Composition Cash/Cash Equivalent 25,574,586 Equities 37,891,418 Total $63,466,004 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 January 1, 2005 January 31, 2005 accout wuwccr IS TAXPAYER NUMBER On File THROUGH LAST STATEMENT December 31,2004 Your Portfolio Allocation Cash & Equivale: 41% 027 02/01/05;07:55 001 Unshaded portions denote debt batance andicr short market values. The alocation percentage is derived from the absohte market value of your portloio, vara EFTA00196925

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metrotech Center North BEAR 383 Madison Avenue Brocklyn, New York 11201-2859 STEARNS New _ New York 10179 Pe FINANCIAL TRUST COMPANY INC 4g STATEMENT PERIOO January 1, 2005 THROUGH January 31, 2005 accout wuwccr IS TAXPAYER NUMBER On File LAST STATEMENT December 31,2004 Your Portfolio Holdings CASH & CASH EQUIVALENTS MARKET ESTIMATED (CURRENT DESCRIETION SYMBOUCUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD [) CASH BALANCE 76,888 DREYFUS CASH MANAGEMENT-CL A DICXX 25,497 ,697.67 1.0000 25,497,698 509,954 2.0000 INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD _2,1700% TOTAL CASH & CASH EQUIVALENTS $25,574,586 $509,954 EQUITIES Equities & Options The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the Firm's Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst, The key for the stock rating values is as follows: O = Outperform; P = Peer Perform; U = Underperform, The second rating represents the rating of the coverage universe relative to the regional broader market index, The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market Underweight. In cases where a BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed, where such research is available, The various providers have normalized their ratings systems as follows: B = Buy; H = Hold; S = Sell, The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal or investment advice, Bear Stearns is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider, The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons, Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost, Customers can access this research at www,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them, ACCT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TE QUANTITY PRE VALUE __ ANNUAL INCOME YELD (% BEAR STEARNS COMPANIES INC BSC CASH 101.0600 30,318,000 300,000 0.9895 DEERFIELD TRIARC CAP CORP | CASH 1,000,000 Unpriced ACCREDITED INVESTORS IFIL(IST FIN ITAL) \FPSF CASH 100,000 4.5820 458,200 8,000 1.7460 EUR1 INVST CL 027 02/01/08;07:85 001 vara EFTA00196926

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North BEAR 383 Madison Avenue Brocklyn, New York 11201-2859 STEARNS New York New York 10179 fl Le FINANCIAL TRUST COMPANY INC 5 of9 STATEMENT PERIOD January 1, 2005 THROUGH January 31, 2005 Your Portfolio Holdings (continued) account wumecr TAXPAYER NUMBER On File eas . LAST STATEMENT December 31,2004 Equities & Options (continued) ACCT MARKET ESTIMATED CURRENT DESCRETION SYMBOLICUSIP TPE QUANTITY PRICE VALUE ANNUAL INCOME YELD 1%} KERZNER INTERNATIONAL LTD K2L CASH 10,000 60.3300 603,300 BSC RATING: STOCK P/SECTOR MW NED DAVIS RESEARCH RATING: 8 TOO INC Too CASH 50,000 27.1600 1,358,000 BSC RATING: STOCK P/SECTOR MW GARP RESEARCH RATI VECTOR GROUP LTD VGR CASH 276,990 16.2400 4,498,318 443,184 9.8522 WYNN RESORTS LTD WYNN CASH 10,000 65.5600 655,600 BSC RATING: STOCK O’SECTOR MW WALL STREET STRATEGIES RATING: B Total Equities& Options $37,891,418 $751,184 TOTAL EQUITIES $37,891,418 $751,184 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $1,261,138 YOUR PRICED PORTFOLIOHOLDINGS $63,466,004 027 02/01/05,07:85 001 va7o EFTA00196927

--=PAGE_BREAK=--

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 | 6 of9 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION 01/03/05 12/29/04 BOUGHT KERZNER INTERNATIONAL LTD AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 FINANCIAL TRUST COMPANY INC STATEMENT PERIOO January 1, 2005 THROUGH January 31,2005 accoust numecr (IS TAXPAYER NUMBER On File LAST STATEMENT December 31,2004 QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 5,600 60.62520 339,842.12 UNSOLICITED vn rani ssw UNSOLICITED SEE NOTE "S" ON BACK TOTAL $-339,842.12 $809,475.98 DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRPTION CREDIT AMOUNT 01/03/05 END WIRED MDA FNDS WIRED TO 20,000,000.00 END WIRED FNDS WIRED TO 20,000,000.00” BOOK “END WIRED MDA FNOS WIRED TO Booo00 TOTAL $-41,750,000.00 Closes anees, Np wine tony SWE TO | aenensussessensesanenses + snenasensen BOoo00 027 02/01/08,07:55 001 vara EFTA00196928

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST COMPANY INC 7 oo STATEMENT PERIOO January 1, 2005 THROUGH January 31, 2005 Transaction Detail (continued) accouvt xumecr A TAXPAYER NUMBER On File MONEY FUND ACTIVITY LAST STATEMENT December 31, 2004 DATE MOVDAY TRANSACTION DESCAIPTION SYMBOUCUSIP QUANTITY PRIGE DeSIT AMOUNT CAEDIT AMOUNT 01/01/05 OPENINGBALANCE 65,990,490.35 01/03/05 SOLD DREYFUS CASH MANAGEMENT-CL A DICKX -40,000,000 1.0000 40,000,000.00 INSTITUTIONAL SHARES INSTITUTIONAL SHARES DIVIDEND REINVEST 01/03/05 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICKX 52,677.46 INSTITUTIONAL SHARES AMT INCLUDED IN 2004 - 1099 INSTITUTIONAL SHARES INSTITUTIONAL SHARES INSTITUTIONAL SHARES "750,000 1.0000 750,000.00 01/31/05 CLOSINGBALANCE 25.497 ,697.67 TOTAL $-781,573.46 $41 .327,043.60 DIVIDENDS DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE ($) DEBIT AMOUNT CAEDIT AMOUNT 01/03/05 MBNA CORP KAB 50,000 0.1200 6,000.00 REC 12/15/04 PAY 01/01/05 01/06/05 WALT DISNEY CO HOLDING CO ols 1,057,900 0.2400 253,896.00 REC 12/10/04 PAY 01/06/05 027 02/01/08;07:85 001 vara EFTA00196929

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST COMPANY INC 8 os STATEMENT PERIOD January 1, 2005 THROUGH January 31, 2005 Transaction Detail (continued) com wc I TAXPAYER NUMBER On File DIVIDENDS (continued) LAST STATEMENT December 31, 2004 DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (8) DEBIT AMOUNT CREDIT AMOUNT 01/28/05 BEAR STEARNS COMPANIES INC BSC 300,000 0.2500 75,000.00 REC 01/14/05 PAY 01/28/05 TOTAL $334,896.00 INTEREST DATE CESCRIPTION SYMBOUCUSIP QUANTITY RATE (%) CERT AMOUNT CAEDIT AMOUNT 01/21/05 INTEREST ONCREDIT BALANCE 1,887.97 ACCT AT Ot, % 12/20 - 01/20 TOTAL $1,887.97 MISCELLANEOUS DATE MODAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 01/05/05 JOURNAL JOURNAL FROM TYPE 2TO 1 6,000.00 01 06/05 JOURNAL JOURNAL FROM TYPE 2T0 1 253,896.00 01/06/05 JOURNAL JOURNAL FROM TYPE 2T0 1 253,896.00 TOTAL $-259.896.00 $734,896.00 02? 02/01/08;07:85 001 vara EFTA00196930

--=PAGE_BREAK=--

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 | | FINANCIAL TRUST COMPANY INC 9 of STATEMENT PERIOD January 1, 2005 THROUGH January 31, 2005 . account xumccr = Trades Executed Pending Settlement TAXPAYER NUMBER On File LAST STATEMENT December 31, 2004 SETTLEMENT — TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 02/01/05 01/27/05 iH LIV! L 200,000.00 52.4197 10,495,945.00 UNSOLICITED TOTAL $10,495,945.00 $0.00 The above trades co not appear in any other section of this statamont stop] ****** End of Statement™***** \ / —/ ra 027 02/01/05;07:85 001 va7o EFTA00196931