Statements EFTA00197109

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BEAR STEARNS ACCOUNT EXECUTIVE GNMA GOVT BOND What’s In This Statement Financial Summary Transaction Detail Cash Flow Analysis OpeningBalance Securities Sold Dividends/Interest OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 THIS PERIOD $0.00 26,538,289.46 34,252.63 Amount Credited Securities Bought Miscellaneous $26,572,542.09 -25,699,218.75 -873,323.34 FINANCIAL TRUST CO INC C/O JEFFREY EPSTEIN & 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Income Summary THIS PERIOD YEAR TO DATE Govt. Agency Int. 26,838.51 35,120.22 Corp. Bond Int. 7414.12 7414.12 Total $34,252.63 $42,534.34 Bond Purchase Int. 0.00 -169,671.73 This summary is for informational purposes only. It Is mot intended as a tax document CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOD November 30, 2002 THROUGH December 31,2002 accor Nuvecr TAXPAYER NUMBER Not Available LAST STATEMENT November 29, 2002 Important Message if any information regarding 2002interest, dividends, miscellaneous income, gross proceeds or original issue discount is required to be reported to the IRS for this account, a Consolidated Form 1099 will be mailed to you by January 31,20030r a 1042Sby March 17,2003. ‘Ths statemem should be retamed for your records See reverse side for important imformation. 027 01/01/03;10:04 001 EFTA00197110

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. One Metratach Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 fl Le FINANCIAL TRUST CO INC 2 off STATEMENT PERIOD Novernber 30, 2002 THROUGH December 31,2002 Transaction Detail account numccr = TAXPAYER NUMBER Not Available INVESTMENT ACTIVITY LAST STATEMENT = November 29, 2002 SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT W02 CANCEL SELL FNMA-30YA(FNMA) GTD 25,000,000 102.79688 25,699,218.75 SETT,12/02 DUE 1201 . ner + Alleles wes AS OF 11/14/02 TO CXL PREVIOUS SELL SETT.12/02 DUE 12:01) : REF # BS WEB "14.378,099"" FANNIE MAE REMIC TRUST CMOJSERIES 1994-18 SB-1/O FLTR DUE 02/25/2024 REF # BS ACCR. INT. Iis34.16 “{3083;744 130313 157,413.80 ACCR. INT. 6,541.87 12/19/02 SOLD FEDERAL NATL MTG ASSNGTD REMIC PASS THRU CTF TR 1996-45 CL SB DUE 01/25/2024 00,750% er 2s AS OF 12/16) FANNIE MAE REMIC TRUST “3.083744 7739063 {8794582 CMO/SERIES 1996-45 SA-V/O FLTR ACCR. INT. 7,414.12 QUE O25) REF # BS AS OF 12/16/02 REMIC PASS THRU CTF ACCR. INT. 7,888.64 SER 1997-G2 CL SC DUE 03/25) : REF # BS AS OF 1 f FEDERAL NATL MTG ASSNGTD {aisi62 602 SOLS FEGERAL NATL MTG ASSNGTO 0 IS LT {51563 17934334 “7,329,768 768750 {23568984 REMIC PASSTHRU CTFS TR 1997-53 ACCR. INT. 4,886.51 CL SC-FRN DUE 12/25/2023 01 ma REF # BS AS OF i 027 01/01/03;10:04 001 veas EFTA00197111

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 fl FINANCIAL TRUST CO INC I a STATEMENT PERIOO Novernber 30,2002 THROUGH December 31, 2002 Transaction Detail (continued) account numccr = TAXPAYER NUMBER Not Available INVESTMENT ACTIVITY (continued) LAST STATEMENT — Novernber 29, 2002 SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT 12/16/02 SOLD FEDERAL NATL MTG ASSNGTD 1.68750 REMIC PASSTHRU TR 1997-66 ACCR. INT. CL SA FLITR DUE 12/25) a REF # BS AS OF 12/16/02 CMOISERIES 1994-18 SB-I/0 FLTR 0,400 DUE 02/25/24 DUE 02/25'2024 0,400 TaTgi02 RECEIVED FEDERAL NATL MTG ASSNGTO “i S083 744 163/955 .67 REMIC PASS THRU CTF TR 1996-45 0,750 DUE 01/25/24 RECEIVED MAE REMIC TRUST _ po 3083,744 189,359.94 IES 1996-45 SA-V'O FLTR 0,850 DUE 01/25/24 REMIC PASS THRU CTF 1,000 DUE 03/25/24 SER 1997-G2 CL SC — _ 027 01/01/03;10:04 001 veas EFTA00197112

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 FINANCIAL TRUST CO INC 4 ofS STATEMENT PERIOD November 30,2002 THROUGH December 31, 2002 Transaction Detail (continued) acco xumccr TAXPAYER NUMBER Not Available INVESTMENT ACTIVITY (continued) LAST STATEMENT — Novernber 29, 2002 SETTLEMENT TRADE DATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT FEDERAL NATL MTG ASSNGTD 7,329,768 128,576.35 REMIC PASSTHAU CTFS TR 1997-53 1,000 DUE 12/25/23 CL SC-FRN RECEIVED FEDERAL NATL MTG ASSNGTD ke ""S's30'se8 97,022.75 REMIC PASSTHAU TR 1997-66 RECEIVED 1,000 DUE 12/25/23 CL SA FLITR TOTAL $-26,572,542.09 $26,572,542.09 \ [stop] **e*** End of Statement™***** 027 01/01/03;10:04 001 veas EFTA00197113

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5 os STATEMENT BACKER IS PRINTED ON THIS PAGE 01/01/03;10:04 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC EFTA00197114

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. Cre Mewatuch Contr Newt 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS New York, New York 10179 a FINANCIAL TRUST CO INC ACCOUNT EXECUTIVE GNMA GOVT BOND STATEMENT PERIOD October 26, 2002 THROUGH November 29, 2002 : . account numccr = What’s In This Statement | PP | ery end eee TAXPAYER NUMBER Not Available LAST STATEMENT October 25, 2002 Financial Summary .. 1 FINANCIAL TRUST CO INC | Trades Not Yet Settled 1 C/O JEFFREY EPSTEIN & 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Income Summary THIS PEPICO YEAR TO DATE Govt. Agency Int. 0.00 8,281.71 FORA assssseesrneseoreseerenssssnreeserene Decors ssveeneesn eo Bond Purchase Int. 0.00 -169,671.73 Trades Executed Pending Settlement SETTLEMENT = TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 12/12/02 11/14/02 SOLD FNMA-30YR(FNMA) GTD -25,000,000.00 102.7968 25,699,218.75 SETT.12/02 DUE 12/01/2031 _06,000% REF i | BS WEB TOTAL $0.00 $25,699.218.75 The above trades do not appear in any other section of this statement This summary is for informational purposes only. It Is not intended as a tax document This statement should be retained for your records. See reverse side for important information 027 11/30V02;15:00 001 veas EFTA00197115

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2 of2 STATEMENT BACKER IS PRINTED ON THIS PAGE 11/3002;15:00 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC EFTA00197116

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc Bear, Steams Securities Corp, ‘ — One Metrotech Center North BEAR 383 Madison Avenue Brockhn, New York 11201-3859 STEARNS New York, New York 10179 FINANCIAL TRUST CO INC ACCOUNT EXECUTIVE GNMA GOVT BOND STATEMENT PERKOO September 28, 2002 THROUGH October 25, 2002 . account xumccr = What’s In This Statement Hasalbcsbealsllssrahil TAXPAYER NUMBER Not Available Financial Summary ; 1 FINANCIAL TRUST CO INC LAST STATEMENT September 27, 2002 Transaction Detail 2 C/O JEFFREY EPSTEIN & 6100 RED HOOK QUARTER STE B3 ST THOMAS Vi 00802 Cash Flow Analysis Income Summary THIS PERIOD THis PERIOD YEAR TO DATE OpeningBalance $0.00 Govt. Agency Int. 0.00 8,281.71 Securities Sold 67,279,865.39 Total ssevreeernsssseorreesoresenereesses1 4 OOO aresemrenss OTe Bond Purchase Int. “1,166.55 -169,671.73 Securities Bought -67,278,698.84 Dividends/Interest Charged “1,166.55 Amount Debited $-67,279,865.39 Closing Balance $0.00 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 10/26/02;10:59 001 ea? EFTA00197117

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 fl Le FINANCIAL TRUST CO INC 2 of 4 STATEMENT PERIOD September 28, 2002 THROUGH October 25, 2002 Transaction Detail account numccr = TAXPAYER NUMBER Not Available INVESTMENT ACTIVITY LAST STATEMENT — September 27, 2002 SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT GREDIT AMOUNT 10/15/02 09/04/02 BOUGHT FNMA GTD PASS THAU 499,949 101.93750 509,636.34 DUE 05/01) . ACCR. INT. 1,166.55 REF # BS TBA EXTEN! 0,96671425 AS OF 09/04/02 SETT.10/02 QUE 10/01) REF # BS AS OF 09/04/02 BOUGHT FNMA-3OYA(FNMA) GTD SETT. 10/02 QUE 1@01) e REF # BS SEIT, 10/02 QUE 10/01/2032 _06,000% REF # BS FNMA-SOVAIFNMA) GTO SETT.10/02 OUE 1401) ” REF # BS TBA EXTENDED 1,00000000 TO CXL PREVIOUS BUY “ERMASOVATENMAY CT SETT.10/02 QUE 1001) . REF # BS TO CXL PREVIOUS BUY a | 25,000,000 101.93750 25,484,375.00 a a “500,000 1067-93750 509,687.50 CANCEL BUY 027 10/2602;10:59 001 vea? EFTA00197118

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION 10/15/02 09/04/02 CANCEL BUY FNMA-30YA(FNMA) GTD 02 BS AS OF 09/04/02 TO CXL PREVIOUS BUY DUE 05/01/2032 6, Taenee “1: -; aan TT ar ee, "nam a QUANTITY -40,000,000 PRICE 101.93750 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 September 28, 2002 THROUGH October 25, 2002 account numecr TAXPAYER NUMBER Not Available LAST STATEMENT September 27, 2002 DEBIT AMOUNT 510,802.89 CREDIT AMOUNT oe TOTAL [stop] **ee** End of Statement****** 10/2602;10:59 001 $-67.279.865.39 vea? $67,279.865.39 EFTA00197119

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4 oa STATEMENT BACKER IS PRINTED ON THIS PAGE 10/26/02;10:59 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC EFTA00197120

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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 Trades Not Yet Settled wuss 4 Cash Flow Analysis THIS PERIOD OpeningBalance $0.00 Securities Sold 68,981,858.67 Dividends/Interest 2,500.01 Amount Cred $68,984,358.68 Securities Bought -67,940,238.78 Dividends/Interest Charged -20,194.00 Miscellaneous -1,023,925.90 Amount Debited $-68,984,358.68 Closing Balance $0.00 FINANCIAL TRUST CO INC C/O JEFFREY EPSTEIN & 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Income Summary THS PERIOD YEAR TO DATE Govt. Agency Int. 2,500.01 8,281.71 -_ cLAy Bond Purchase Int. -20,194.00 -168,505.18 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 PERIOG August 31, 2002 THROUGH September 27, 2002 accout Nuvecr TAXPAYER NUMBER Not Available LAST STATEMENT August 30, 2002 ‘Ths statemem should be retamed for your records See reverse side for important information. 027 09/2802;13:56 001 EFTA00197121

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BEAR STEARNS 2 of6 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE OATE TRANSACTION 02 09/11/02 CANCEL SELL CANCEL SELL 09/16/02 09/04/02 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 Bear, Stearns Securities Corp One Metrotech Center North Brooklyn, New York 11201-2859 FINANCIAL TRUST CO INC STATEMENT PERIOO August 31,2002 THROUGH September 27, 2002 account numecr TAXPAYER NUMBER Not Available LAST STATEMENT August 30, 2002 DEBIT AMOUNT GREDIT AMOUNT $11,738.39 1,250.01 DESCRIPTION SYMBOLCUSIP QUANTITY PRICE FNMA GTD PASS THAU -500,000 102.34766 FNMA ACCR. INT. QUE 12:01) ee REF # BS 0. QUE OWOL) s REF # BS TBA EXTENDED 1,00000000 AS OF 09/11/02 ACCR. INT. 101.93750 FNMA-3OYA(FNMA) GTO 500,000 509,687.50 SETT,09/02 DUE 09/01/2032 06,000% cer ¢ A 2s TBA EXTENDE! 1,00000000 TO CXL PREVIOUS SELL 102.34766 500,000 511,738.28 FENMA-3OVA(ENMA) GTO SETT,09/02 DUE OMY . REF # BS TBA EXTENDED 1,00000000 TO CXL PREVIOUS SELL SETT.O9/02 DUE OWOL) re REF # BS TO CXL PREVIOUS SELL 027 09/28/02;13:56 001 véa6 EFTA00197122

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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 | of 6 STATEMENT PERIOO August 31,2002 THROUGH September 27, 2002 Transaction Detail (continued) accour wuccn ED TAXPAYER NUMBER Not Available INVESTMENT ACTIVITY (continued) LAST STATEMENT — August 30, 2002 SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT CANCEL SELL FNMA-30YA(FNMA) GTD 40,000,000 102.34766 40,939,062.52 SETT,09/02 DUE OMOL 3s rer» elles AS OF 09/04/02 TO CXL PREVIOUS SELL SETT.O9/02 OUE O@O1) ne REF # BS AS OF 09/11/02 FNMA-3O0YA(FNMA) GTD SETT,O9/02 DUE O91DL) ss REF #t BS AS OF O9104) SETT.09/02 DUE 09/01/2032 06,000%. REF a Bs | | | ef “500,000 102°34766 51773828 a | | AS OF O04) FNMA“SOVA(ENMA) ETD “40:000;000 62 34766 40°938,062'52 SETT.O9/02 REF #t BS AS OF 09/04/02 osTéid2 RECEIVED FNMA GID PASS THAT el | 500,000 510,937.50 DUE 09/01/2032 6,0 FNMA a 6,000 DUE 12/01/31 01) 6,000 027 09/28/02;13:56 001 véa6 EFTA00197123

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. One Metrotech Center North 383 Madison Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10179 fl FINANCIAL TRUST CO INC 4 o6 STATEMENT PERIOO August 31,2002 THROUGH September 27, 2002 Transaction Detail (continued) account numccr = TAXPAYER NUMBER Not Available INVESTMENT ACTIVITY (continued) LAST STATEMENT August 30, 2002 SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT GREDIT AMOUNT 09/25/02 09/20/02 BOUGHT FEDERAL HOME LOAN MTG CORP 7 7.78125 392,836.41 SERIES 2466 CLASS El ACCR. INT. 20,194.00 DUE O5/15) REF # BS AS OF 09/20/02 ACCRUES ON 1ST, PAYS ON 15TH BSS BEER FEDERAL RS CORE SERIES 2466 CLASS EI 6,000 DUE 05/15/17 TOTAL $-68,984,358.68 $68,984,358.68 048.500 473,030.41 Trades Executed Pending Settlement SETTLEMENT TRADE DATE OaTE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 10/15/02 09/04/02 BOUGHT FNMA-3OYA(FNMA) GTD 500,000.00 101.9375 509,687.50 SETT,10102 DUE 10/01/2032 06,000% rer + i es AS OF 09/04/02 SETT.10/02 DUE 10/01/2032 06,000%. ner + EY 2s AS OF 09/04102 027 09/28/02;13:56 001 véa6 EFTA00197124

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BEAR STEARNS 5 of6 Trades Executed Pending Settlement SETTLEMENT TRADE DATE OaTE TRANSACTION 10/15/02 09/04/02 BOUGHT CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 FINANCIAL TRUST CO INC STATEMENT PERIOO August 31,2002 THROUGH September 27, 2002 account numecr (continued) TAXPAYER NUMBER Not Available LAST STATEMENT August 30, 2002 CESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDT AMOUNT 40,000,000.00 101.9375 FNMA-30YA(FNMA) GTD 40,775,000.00 SETT.10/02 DUE 10/01/2032_06,000%: ner * 2s AS OF 09/04/02 TOTAL $66,769,062.50 $0.00 The above trades do not appear in any other section of this statement {stop} **ee** End of Statement****** oz? 09/28002;13:56 001 vea6 EFTA00197125

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6 of6 STATEMENT BACKER IS PRINTED ON THIS PAGE 09/2802;13:56 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC EFTA00197126

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BEAR STEARNS ACCOUNT EXECUTIVE GNMA GOVT BOND What’s In This Statement Financial Summary . Transaction Detail Cash Flow Analysis OpeningBalance OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 Securities Sold Amount Credited Securities Bought Dividends/Interest Charged Amount Debited 1 2 THIS PERIOD $0.00 6,863,093.76 -6,714,782.58 -148,311.18 $.5,863.093.76 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 YEAR TO DATE Govt. Agency Int. 0.00 5,781.70 Total ssevreeereessssseereesoreseereeseess 4 Oc U goreseerenss ea E GAD Bond Purchase Int. 148,311.18 148,311.18 This summary is for informational purposes only. It Is not intended as a tax document CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOD July 27, 2002 THROUGH August 30, 2002 accoumt nuvecr TAXPAYER NUMBER Not Available LAST STATEMENT duly 26, 2002 ‘Ths statemem should be retamed for your records See reverse side for important imformation. 027 08/31/02;14:15 001 VE6E EFTA00197127

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BEAR STEARNS 208 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE OATE TRANSACTION 07/30/02 07/17/02 BOUGHT BOUGHT OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 DESCRIPTION FEDERAL HOME LOAN MTG CORP SERIES 2475 CLASS S DUE 02/15) a rer # lala AS OF 07/17/02 “FEBER) SERIES 2475 CLASS S 6.161 DUE 02/15/32 DUE 02/15/2032 6,161 —" SERIES 2483 CL SL DUE OG/15) REF # BS FEDERAL HOME LOAN MTG CORP SYMBOLICUSIP QUANTITY 9,450,000 ACCR. INT. 57,684,932 ACCR. INT. PRICE 12.87500 9.53125 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 FINANCIAL TRUST CO INC STATEMENT PERIOO July 27, 2002 THROUGH August 30, 2002 account numecr TAXPAYER NUMBER Not Available LAST STATEMENT duly 26, 2002 DEBIT AMOUNT GREDIT AMOUNT 1,216,687.50 24,259.73 5,498,095.08 124,051.45 TOTAL SERIES 2483 CL SL 5,161 DUE 03/15/32 DUE 03/15/2032 5,161 [stop] ****** End of Statement****** 08/31/02;14:15 001 $-6,863,093.76 $6,863,093.76 VS66 EFTA00197128

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Lut STATEMENT BACKER IS PRINTED ON THIS PAGE 08/31/02;14:15 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC EFTA00197129

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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 Trades Not Yet Settled wees 2 Cash Flow Analysis THIS PERIOD OpeningBalance $0.00 Securities Sold 448,386.75 Dividends/'Interest 5,781.70 $454,168.45 Miscellaneous 454,168.45 Amount Debited $-454,168.45 Closing Balance $0.00 FINANCIAL TRUST CO INC C/O JEFFREY EPSTEIN & 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Income Summary THS PERIOD YEAR TO DATE Govt. Agency Int. 5,781.70 5,781.70 L:-_DA eChh This summary is for informational purposes only. It Is not intended as a tax document CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOD June 29, 2002 THROUGH July 26, 2002 accor nuvecr TAXPAYER NUMBER Not Available LAST STATEMENT ‘Ths statemem should be retamed for your records See reverse side for important imformation. 027 07/27/02;17:58 001 VS65 EFTA00197130

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 | 208 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION 07/22/02 07/17/02 SOLD FEDERAL HOME LN MTG CORP MLTCL PARTN CTF SER 2127 CLS DUE 02/15) : REF # BS AS OF 0: 02 PARTN CTF SER 2127 CLS 6,911 DUE 02/15/29 a7i22/02 RECEIVED FEDERAL HOME LN'MTG CORP MLTCL CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC STATEMENT PERIOD June 29, 2002 THROUGH July 26, 2002 account numecr TAXPAYER NUMBER Not Available LAST STATEMENT PRICE DEBIT AMOUNT CREDIT AMOUNT 10.42188 ACCR. INT. 454,168.45 TOTAL $-454,168.45 $454,168.45 Trades Executed Pending Settlement SETTLEMENT = TRADE DATE OATE TRANSACTION DESCRIPTION PRICE DEBIT AMOUNT GREODIT AMOUNT 07/30/02 07/17/02 BOUGHT FEDERAL HOME LOAN MTG CORP 12.8750 1,240,947.23 SERIES 2475 CLASS S TOTAL $1,240,947.23 $0.00 The above trades do not appear in any other section of this statement [stop *eeee* End of Statement™***** O7/27102;17:55 001 VS65 EFTA00197131

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Lut STATEMENT BACKER IS PRINTED ON THIS PAGE 07/27102;17:55 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC EFTA00197132