CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, 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 ACCOUNT EXECUTIVE GNMA GOVT BOND STATEMENT PERIOO September 1, 2005 VISIT OUR WEBSITE — www.bearstearns.com THnOUaH September $0, 2005 What’s In This Statement Waallasdalllslsll raven neat Not Available LAST STATEMENT January 30, 2004 Your Messages , 2 FINANCIAL TRUST CO INC C/O JEFFREY EPSTEIN 6100 RED HOOK QUARTER SUITE B3 ST THOMAS Vi 00802 Premise or Third Party Repurchase Agreements with Bear, Stearns& Co.Inc. outstanding as of date of statement PURCHASE! REPURCHASE! PURCHASE PRICE! PRICING REPOY ACCRUED START DATE END DATE PRINCIPAL RATE INTEREST* NET AMOUNT 0s/28705 OPEN 73,100,000 3.937 T0312 79,110,312.67 TOTAL REPURCHASE TRANSACTIONS $10,312 $19,110,312.67 *As of simtement date The above postions do not appear in any other section of this statement Please report any difference of nomreceipt of checks or stocks, indicated as delivered to you, This summary Is for informational purposes only. It is not intended as a tax document 1 Client Services at 800-634-1428; or write to Clent Services at Bear, Steams Securities ‘This statemem should be retained for your records. See reverse side for important information, Comp., One Mewotech Center North, Brooklyn N.Y. 11201-3859. 027 10/01/08;17:45 001 vase EFTA00197217

--=PAGE_BREAK=--

BEAR STEARNS 2 of4 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 CO INC STATEMENT PERIOD September 1, 2005 September 30,2005 accout Nuecr TAXPAYER NUMBER Not Available January 30, 2004 THROUGH 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;17:45 001 vase EFTA00197218

--=PAGE_BREAK=--

BEAR STEARNS 3 of4 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New = New York 10179 i 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 CO INC STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005 accout Nuecr TAXPAYER NUMBER Not Available LAST STATEMENT January 30, 2004 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 10/01/05;17:45 001 vase EFTA00197219

--=PAGE_BREAK=--

4 oa STATEMENT BACKER IS PRINTED ON THIS PAGE 10/01/05;17:45 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO INC vase EFTA00197220