Statements EFTA00198648

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metratech Center North BEAR 245 Park Avenue Brocklyn, New York 11201-2859 STEARNS New York New York 10167 Tl | INSTITUTIONAL INTERESTS ACCOUNT EXECUTIVE CAYNE.JAMES E. STATEMENT PERIOD May 26,2001 TeepHone += THROUGH June 29, 2001 VISIT OUR WEBSITE wow.bearstearns.com account numccr = Important Message Hacalbasseslallsnahil TAXPAYER NUMBER On File Please note: You may find more than one statement LAST STATEMENT May 25, 2001 in this envelope. Beginning this month, all statements with INSTITUTIONAL INTERESTS s the same Address and Social Security number / Taxpayer C/O J EPSTEIN & CO Identification number are being mailed in one envelope. For further details, please contact your account executive. ATTN JEANIE BRENNAN 6100 RED HOOK QUARTER STE B-3 ST THOMAS VI 00802 Premise or Third Party Repurchase Agreements with Bear, Stearns& Co.Inc. outstanding as of date of statement PURCHASEY REPURCHASE! PUACHASE PRICE! PRICING REPOY ACCRUED START DATE END DATE PRINCIPAL RATE INTEREST” NET AMOUNT 06/25/01 OPEN 5.427.126.41 3.970000 4,079.39 5,431,205.80 TOTAL REPURCHASE AGREEMENTS $5.431 205.80 *As of statement date The above postions do not appear in any other section of this stalement Please report any diterence or nomraceipt of checks of stocks, indicated as dalivered to you, ‘This summary is for informational purposes only. It Is not intended as a tax document. % Client Senices at 800-634-1428; cr write to Clont Services at Boar, Steams Securities ‘This statemem should be retained for your records. See reverse side for important information. Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3869. 02? 07101101;02:12 001 vaat EFTA00198649

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 245 Park Avenue STEARNS New York, New York 10167 a 2 of3 Your messages ie 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, /—™ (stor) ****** End of Statement™***** \ / —— 027 07/010102:12 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD May 26, 2001 THROUGH ACCOUNT NUMBER June 29, 2001 TAXPAYER NUMBER On File LAST STATEMENT vat May 25, 2001 EFTA00198650

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3 of3 STATEMENT BACKER IS PRINTED ON THIS PAGE 07/01/01,02:12 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS EFTA00198651

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 BEAR STEARNS ACCOUNT EXECUTIVE CAYNE,JAMES E. TELEPHONE VISIT OUR WEBSITE www.bearstearns.com Important Message In an effort to deliver statements to you more efficiently, Bear Stearns has enhanced the distribution of statements to household accounts. Beginning in June, all statements with the same Address and Social Security number / Taxpayer identification number will be mailed in a single envelope. For further details, please contact your account executive. Premise or Third Party Repurchase Agreements with Bear,Stearns& Co.Inc. outstanding as of date of statement PURCHASE! REPURCHASE! PURCHASE PRICE? PRICING REPO! ACCRUED START DATE END DATE PRINCIPAL RATE INTEREST* 05/22/01 . OPEN 25,.400,000.00 3.770000 208,008.50 04/26/01 OPEN 2.846.031.76 3.770000 89,504.82 TOTAL REPURCHASE AGREEMENTS "As of slatement dato The above postions do not appear in any other section of this statement **ee** End of Statement™***** Please report any difference or nomrecaipt of checks or stocks, indicated as delivered to you, % Client Senices at 800-624-1428; or write to Clont Services at Bear, Steams Securities Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3859. INSTITUTIONAL INTERESTS C/O J EPSTEIN & CO ATTN JEANIE BRENNAN 6100 RED HOOK QUARTER STE B-3 ST THOMAS VI 00802 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD April 28,2001 THROUGH May 25, 2001 account numccr = Wasalbcsbeel slosh TAXPAYER NUMBER On File LAST STATEMENT April 27,2001 NET AMOUNT 25.608,008.50 2.935,536.58 $28,543,545.08 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 02? 05/2601 ;12:59 001 va78 EFTA00198652

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2 of2 STATEMENT BACKER IS PRINTED ON THIS PAGE 08/26/01 ;12:59 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS va7e8 EFTA00198653

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 BEAR STEARNS ACCOUNT EXECUTIVE CAYNE.JAMES E. TELEPHONE VISIT OUR WEBSITE wow.bearstearns.com INSTITUTIONAL INTERESTS C/O J EPSTEIN & CO avy i 6100 RED HOOK QUARTER STE B-3 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 04/26/01 OPEN 25,.000,000.00 4.370000 125,886.12 25,125,886.12 04/26/01 OPEN 2,846.031.76 4.370000 80,189.60 TOTAL REPURCHASE AGREEMENTS 2.926,221.36 $28,052,107.48 "As of slatement dato The above postions co not appear in any other section of this statement f (stor ****** End of Statement*™***** VY Ploase moport any diference or nomroceigt of checks of stocks, indicated as delivered to you, % Client Senices at 800-634-1428; or write to Clont Services at Bear, Steams Securities Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3859. o27 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD March 31,2001 THROUGH April 27,2001 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT March 30, 2001 This summary is for informational purposes only. It Is not intended as a tax document ‘This statemem should be retamed for your records. See reverse side for important information 04/28/01 ;19:29 001 vant EFTA00198654

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS 2 of2 STATEMENT BACKER IS PRINTED ON THIS PAGE a2? 04/28/01 ;19:29 001 vant EFTA00198655

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 BEAR STEARNS ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE CAYNE.JAMES E. www.bearstearns.com Important Message Decimal Trading is Here for Nasdaq! Decimat Trading is the shift from fractional pricing (@.9.21 1/2) to decimal pricing (¢.9.$21.50}for equities and options. Nasdaq securities have been phased in during March and the remaining securities are scheduled to be trading in decimals in April. INSTITUTIONAL INTERESTS C/O J EPSTEIN & CO ATTN JEANIE BRENNAN 6100 RED HOOK QUARTER STE B-3 ST THOMAS VI 00802 For details, visit our website at www.bearstearns. com. Premise or Third Party Repurchase Agreements with Bear, Stearns& Co.Inc. outstanding as of date of statement NET AMOUNT 25.049,845.83 PURCHASE! REPURCHASE! PURCHASE PRICE? PRICING REPO! ACCRUED START DATE END DATE PRINCIPAL RATE INTEREST* 03/27/01 . OPEN 25,.000,000.00 5.250000 49,845.83 03/27/01 OPEN 7,846.031.76 5.250000 53,733.28 TOTAL REPURCHASE AGREEMENTS "As of slatement dato The above postions do not appear in any other section of this statement Please report any difference or nomreceipt of checks or stocks, indicated as deltverad to you, % Client Senices at 800-624-1428; or write to Clont Services at Bear, Steams Securities Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3859. 7,899,765.04 $32,949.610.87 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 INSTITUTIONAL INTERESTS STATEMENT PERIOD February 24,2001 March 30, 2001 accout nuvecr TAXPAYER NUMBER 31-6412006 February 23,2001 THROUGH LAST STATEMENT ‘This statemem should be retained for your records. See reverse side for important information. a2? 04/31/01 ;19:27 001 V466 EFTA00198656

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 245 Park Avenue STEARNS New York, New York 10167 2 of3 Your messages ie Bear, Stearns Securities Corp, Net Capital and Net Capital Requirements: At November 30, 2000 and January 26, 2001, the Company's net capital of $2,620,960,000 and $2,761,817,000 was approximately 9% and 10% of aggregate debit items and exceeded the minimum regulatory net capital requirement of $572,456,000 and $559,381,000 by $2,048,504,000 and $2,202,436,000, 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, ****** End of Statement****** CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD February 24,2001 THROUGH March 30,2001 account nuvecr TAXPAYER NUMBER 31-6412006 LAST STATEMENT February 23,2001 04/31/01;19:27 001 v466 EFTA00198657

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS 3 of3 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 04/31/01;19:27 001 v466 EFTA00198658

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 245 Park Avenue STEARNS New York, New York 10167 a ACCOUNT EXECUTIVE CAYNE.JAMES E. TELEPHONE VISIT OUR WEBSITE wow.bearstearns.com What’s In This Statement Hasalbcsbeel leash 2 INSTITUTIONAL INTERESTS C/O J EPSTEIN & CO ATTN JEANIE BRENNAN Your Messages , 6100 RED HOOK QUARTER STE B-3 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 PATE INTEREST* NET AMOUNT 02/16/01 OPEN 5,000,000.00 5.350000 7,475.00 5,007,475.00 02/22/01 OPEN 24,569.184.81 5.350000 14,652.79 24.583.837.60 TOTAL REPURCHASE AGREEMENTS $29,591,312.60 "As of slatement dato The above postions co not appear in any other section of this statement Please moport any diference or nceroceigt of checks or stocks, indicated as doltvered to you, % Client Senices at 800-624-1428; or write to Clont Services at Bear, Steams Securities Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3659. This summary is for informational purposes only. It bs not intended as a tax document ‘Ths statemem should be retamed for your records See reverse side for important imformation. o27 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD January 27,2001 THROUGH February 23,2001 accout nuvecr TAXPAYER NUMBER 31-6412006 LAST STATEMENT January 26, 2001 02/24/01;22:22 001 EFTA00198659

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North BEAR 245 Park Avenue Brocklyn, New York 11201-2859 STEARNS New York, New York 10167 Le INSTITUTIONAL INTERESTS 2 of 3 STATEMENT PERIOO January 27,2001 THROUGH February 23,2001 ACCOUNT NUMBER FY TAXPAYER NUMBER 31-6412006 Your messages LAST STATEMENT January 26,2001 The interest, if any, charged to your account during December 2000 was computed on the net debit balance through December 28, The interest, if any, charged to your account during January 2001 is computed from December 29, 2000. f-™ (stor ****** End of Statement****** \ f/f 027 02/24/01,22:22 001 EFTA00198660

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3 of3 STATEMENT BACKER IS PRINTED ON THIS PAGE o27 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS 02/24/01 ;22:22 001 EFTA00198661

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BEAR STEARNS ACCOUNT EXECUTIVE CAYNE.JAMES E. TELEPHONE VISIT OUR WEBSITE www.bearstearns.com Important Message Decimal Trading is Coming! Decimal Trading is the shift from fractional pricing (@.g.,21 1/2) to decimal pricing (e.9..$21.50)for equities and options. All trading on NYSE, AMEX, and regional exchanges will be in decimals effective as of 1/29/01. OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 INSTITUTIONAL INTERESTS C/O J EPSTEIN & CO ATTN JEANIE BRENNAN 6100 RED HOOK QUARTER STE B-3 ST THOMAS VI 00802 For details, visit our website at www.bearstearns.com. Premise or Third Party Repurchase Agreements with Bear, Stearns& Co.Inc. outstanding as of date of statement PURCHASE! REPURCHASE! PURCHASE PRICE! PRICING START DATE END DATE PRINCIPAL RATE 01/26/01 OPEN 20,484.345.48 5.950000 TOTAL REPURCHASE AGREEMENTS *As of statement date The above postions do not appear in any other section of this stalement REPO! ACCRUED INTEREST” 10,156.82 NET AMOUNT 20.494.502.30 $20,494,502.30 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS STATEMENT PERIOO December 30,2000 January 26, 2001 accout nuvecr TAXPAYER NUMBER 31-6412006 December 29, 2000 THROUGH LAST STATEMENT **e*** End of Statement™***** Please report any diference or nomraceipt of checks or stocks, indicated as delivered to you, % Client Senices at 800-634-1428; cr write to Clont Services at Bear, Steams Securities Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3659. 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. o27 01/27/01;18:33 001 EFTA00198662

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2 of2 STATEMENT BACKER IS PRINTED ON THIS PAGE o27 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS 01/27/01;18:33 001 EFTA00198663