Statements EFTA00197097

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS ACCOUNT EXECUTIVE GNMA GOVT BOND What’s In This Statement Financial Summary , Transaction Detail Cash Flow Analysis THIS PERIOD OpeningBalance $0.00 Securities Sold 10,183,593.75 -10,183,593.75 Amount Debited $-10,183,593.75 Closing Balance $0.00 FINANCIAL TRUST CO INC C/O JEFFREY EPSTEIN & 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Income Summary THIS PEAIOD 0.00 YEAR TO DATE Bond Purchase Int. -104,957.59 This summary is for informational purposes only. It Is not intended as a tax document CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOO October 1, 2004 THROUGH October 29, 200: ACCOUNT NUMBER TAXPAYER NUMBER Not Available LAST STATEMENT ‘This statemem should be retained for your records. See reverse side for important information 027 10/3004;12:19 001 4 September 30, 2004 EFTA00197098

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 2 of3 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 FINANCIAL TRUST CO INC STATEMENT PERIOD October 1, 2004 THROUGH October 29, 2004 account numecr TAXPAYER NUMBER Not Available LAST STATEMENT September 30, 2004 DATE OATE TRANSACTION DESCRIPTION SYMBOLCUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 10/14/04 09/22/04 BOUGHT FNMA-30YA(FNMA)GTD 5480009 10,000,000 101.83594 10,183,593.75 srt o'04 . REF # | | AS OF O822! SETT.10/04 OUE 1Q:D1y ss REF # ein | AS OF O8/22! TO CXL PREVIOUS BUY TOTAL $-10.183,593.75 $10,183,593.75 am (stop) **e*** End of Statement™***** oz? 10/30)04;12:19 001 vaes EFTA00197099

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3 of3 STATEMENT BACKER IS PRINTED ON THIS PAGE 10/3004;12:19 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC vaes EFTA00197100

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OFFICE SERVICING YOUR ACCOUNT BEAR STEARNS ACCOUNT EXECUTIVE GNMA GOVT BOND What’s In This Statement Financial Summary ., Trades Not Yet Settled Income Summary THIS PERICO Bond Purchase Int. 0.00 Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 1 FINANCIAL TRUST CO INC C/O JEFFREY EPSTEIN & 6100 RED HOOK QUARTER STE B3 ST THOMAS Vi 00802 YEAR TO DATE -104,957.59 Trades Executed Pending Settlement SETTLEMENT — TRADE DATE DATE TRANSACTION 10/14/04 09/22/04 BOUGHT TOTAL DESCRIPTION SYMBOLICUSIP QUANTITY FNMA-30YA(FNMA)GTD 5480009 10,000,000.00 Serr. 10/04 REF # ; AS OF Ua! CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 FINANCIAL TRUST CO INC STATEMENT PERIOD September 1, 2004 September 30, 2004 account numccr TAXPAYER NUMBER Not Available August 31,2004 THROUGH LAST STATEMENT PRICE DEBIT AMOUNT 101.8359 10,183,593.75 CREDIT AMOUNT $10,183,593.75 $0.00 The above trades do not appear in any other section of this statamont f™ (stor **e*** End of Statement™***** \ / —/ This summary Is for informational purposes only. It Is not intended as a tax document This statement should be retamed for your records. See reverse side for important information 027 10/01/04;08:26 001 vaca EFTA00197101

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2 of2 STATEMENT BACKER IS PRINTED ON THIS PAGE 10/01/04,06:36 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC vae3 EFTA00197102

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS ACCOUNT EXECUTIVE GNMA GOVT BOND What’s In This Statement Financial Summary , Transaction Detail Cash Flow Analysis THIS PERIOD OpeningBalance $0.00 Securities Sold 10,899,961.68 -10,899,961.68 Amount Debited $-10,899,961.68 Closing Balance $0.00 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOD July 31, 2004 August 31,2004 Not Available January 30, 2004 THROUGH LAST STATEMENT FINANCIAL TRUST CO INC C/O JEFFREY EPSTEIN & 6100 RED HOOK QUARTER STE B3. ST THOMAS VI 00802 Income Summary THIS PEAIOD 0.00 YEAR TO DATE Bond Purchase Int. -104,957.59 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 information 027 08/01/04;08:08 001 EFTA00197103

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS New York, New York 10179 fl FINANCIAL TRUST CO INC 2 off STATEMENT PERIOO July 31, 2004 THROUGH August 31, 2004 Transaction Detail accour wuccn ED TAXPAYER NUMBER Not Available INVESTMENT ACTIVITY LAST STATEMENT January 30, 2004 SETTLEMENT TRADE DATE OATE DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT BOUGHT FEDL HOME LOAN MTG 13,222,091 10,899,961.68 sence 218 CLPO 82.43750 DELIVERED FEDL HOME LOAN MTG -13,222,091 10,899,961.68 SERIES 218 CL PO DUE 02) 32 nn TOTAL $-10,899,961.68 $10,899,961.68 (stop) ****** End of Statement****** 027 09/01/04;09:08 001 vae2 EFTA00197104

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3 of3 STATEMENT BACKER IS PRINTED ON THIS PAGE 08/01/04;09:08 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC vaé2 EFTA00197105

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a ACCOUNT EXECUTIVE GNMA GOVT BOND What’s In This Statement Financial Summary , Transaction Detail YOUr M@SSAQES ..,...cssssesecscseescscsseecseerees 2 Cash Flow Analysis THIS PERIOD OpeningBalance $0.00 Securities Sold 5,986,627.56 Amount Cred Securities Bought -5,881.669.97 Dividends/Interest Charged -104,957.59 Amount Debited $-5,986.627.56 Closing Balance $0.00 FINANCIAL TRUST CO INC C/O JEFFREY EPSTEIN & 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Income Summary THIS PERIOD CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOO January 1, 2004 THROUGH January 30, 2004 accout Nuvecr TAXPAYER NUMBER Not Available LAST STATEMENT December 31, 2003 YEAR TO DATE Bond Purchase Int. -104,957.59 -104,957.59 This summary is for informational purposes only. It Is not intended as a tax document ‘Ths statemem should be retamed for your records See reverse side for important imformation. 027 01/81/04;10:08 001 va24 EFTA00197106

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS New York, New York 10179 FINANCIAL TRUST CO INC 2 of3 STATEMENT PERIOD January 1, 2004 THROUGH January 30, 2004 Transaction Detail accout wuvcce | TAXPAYER NUMBER Not Available INVESTMENT ACTIVITY LAST STATEMENT December 31, 2003 SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 01/15/04 BOUGHT GOVERNMENT NATIONAL MTG ASSN 44,389,962 13.25000 5,881,669.97 Peo 2004-2 CLASS SB ACCR. INT. 104,957.59 AS OF 01/30/04 DELIVERED GOVERNMENT NATIONAL MTG ASSN Cg”"""""""""44"S3 89962 5,986,627.56 SERIES 2004-2 CLASS SB 6,080 DUE 01/16/34 — TOTAL $-5,986,627.56 $5,986,627.56 Your messages LT Excess SIPC Account Protection Update Effective February 16, 2004, the commercial insurer through which Bear, Steams Securities Corp, obtains excess SIPC protection will change to Customer Asset Protection Company (‘CAPCO"), a New York licensed insurance company, CAPCO has an A+ financial strength rating from Standard and Poor's, /—™, (stor ****** End of Statement™***** 027 01/31/04;10:03 001 vaos EFTA00197107

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3 of3 STATEMENT BACKER IS PRINTED ON THIS PAGE 01/31/04;10:08 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC EFTA00197108