Statements EFTA00200550

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BEAR STEARNS ACCOUNT EXECUTIVE —ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE wew.bearstearns.com What’s In This Statement Financial Summary Your Portfolio Holdings . Transaction Detail ......sssesssesseresseeerees YOUr M@SSAQCS ..,..sesssseesestseessseseetssertees OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New = New York 10179 NO Ww Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD* NET DEBIT BALANCE NET EQUITY LAST STATEMENT CHANGE SINCE LAST STATEMENT “This porticlio includes one or mom unericed securties that refected in the Total Value of Securties and the Net Equity 4,655,390 ~895,708 2,750,397 1,009,284 aro not 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 noe-roceigt of checks or stocks, indicated as delivered to you, © Client Senices at 800-624-1428; or write to Clam Services at Bear, Steams Securities Corp., One Metotech Center North, Brooklyn, NY. 11201~ SB JEFFREY EPSTEIN 358 EL BRILLO WAY PALM BEACH FL 33480-4730 Market Value of Your Portfolio cath 8 equvalet | —1 $886,208 — $-2,971,433 Equities $4,655.390 = $5,721,830 HM current market value EG] Last statements market value (1s Short market value 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 JEFFREY EPSTEIN STATEMENT PERIKOO December 1, 2001 December 31,2001 accout nuvecr TAXPAYER NUMBER On File THROUGH LAST STATEMENT Novernber 30, 2001 Important Message if any information regarding 2001 interest, 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 31,2002or 1042S by March 15,2002. ‘This statemem should be retained for your records. See reverse side for important information. 027 01/03/02;08:34 001 vs19 EFTA00200551

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2 of? STATEMENT BACKER IS PRINTED ON THIS PAGE 01/03/02;08:34 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN vs19 EFTA00200552

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 3 of? Cash Flow Analysis THIS PERIOD OpeningBalance $-2,971,432. 62 Securities Sold 1,473,948.36 Funds Deposited 100,000.00 Dividends/Interest 11,454.00 Miscellaneous 700,000.00 Amount Cr ited Securities Bought -167.732.50 Dividends/Interest Charged -5,.415.69 Miscellaneous -36,530.04 Amount Debited | $-209. 678.23 Net Cash Activity 2,075,724.13 Samo day Yansfors ct cash batwoen account types are not included in this soction; such transfers, as well as dotails for all other transactions this period, appear in Trarsaction Detail Cash Balance Summary OPENING CLOSING Margin -2,971 432.62 -895,708.49 Net Cash Balance $-2,971,432.62 $-895,708.49 Income Summary THiS PERIOD Dividends 11,454.00 Other Dividends 0.00 Credit Balance Int. 0.00 Total $11,454.00 Margin Int. Paid -5.415.69 Portfolio Composition SHORT Cash/Cash Equivalent 895,708 Equities Total $895,708 027 YEAR TO DATE 94,319.48 68,516.90 32,227.50 $195,063.88 -5,415.69 LONG 4,655,390 $4,655,390 01/03/02;08:34 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIKOO December 1, 2001 THROUGH December 31,2001 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT Novernber 30, 2001 Your Portfolio Allocation Short Cash & Equivalent— 16% Equities 84% Unehaded portions denote debt balance andior short market values. The alocation percentage is derived from the absohte market value of your portloio, vs19 EFTA00200553

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 4a? Your Portfolio Holdings CASH & CASH EQUIVALENTS NAARKET ESTIMATED QURRENT DESCRIPTION ‘SYMBOUCUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) CASH BALANCE -895,708 TOTAL CASH & CASH EQUIVALENTS $-895,708 EQUITIES Equities & Options ACCT MARKET ESTIMATED (CURRENT DESCRIPTION SYMBOUCUSIP TPE QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) ALLIED WASTE INDUSTRIES INC AW MRGN 50,000 14.0600 703,000 NEW CENTER TR INC CTA CASH 2,000 4.2500 8,500 320 CANHORN CHEMICAL CORP CNCPF CASH 19 Unpriced CROWN AMERICAN REALTY TRUST CWN MRGN 5,000 7.8000 39,000 FELCOR LODGING TRUST INC FCH MRGN 2,000 16.7100 33,420 GLENBOROUGH REALTY TRUST INC GLB MRGN 2,000 19.4000 38.800 ‘GLIMCHER REALTY TRUST-SBI GAT MAGN 2,000 18.8300 37.660 86,600 59,000 5.680 96271 HRPT PROPERTIES TA-SBI HRP MAGN HOSPITALITY PROPERTIES. TRUST HPT SBI 1.2183 41.616 TRUST-MD SBI 027 01/03/02;08:34 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIKOO December 1, 2001 THROUGH December 31,2001 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT Novernber 30, 2001 vs19 EFTA00200554

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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 Pe JEFFREY EPSTEIN 5 of? STATEMENT PERIKOO December 1, 2001 THROUGH December 31,2001 accout nuvecr TAXPAYER NUMBER On File Your Portfolio Holdings (continued) Equities & Options (continued) LAST STATEMENT — Novernber 30, 2001 ACCT MAARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TYRE QUANTITY PRE VALUE ANNUAL INCOME YELD (%) SIRIUS SATELLITE RADIO INC SIRI MRGN 1,000 11.6300 11,630 Total Equities& Options $4,655,390 $90,262 TOTAL EQUITIES $4,655,390 $90,262 YOUR TOTAL ESTIMATED ANNUAL INCOME $90,262 YOUR PRICED PORTFOLIOHOLDINGS $3,759,681 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT GREDIT AMOUNT 12/13/01 12/10/01 BOUGHT RAMCO GERSHENSON PROPERTIES RPT 10,000 16.71300 167,732.50 TRUST-MD SBI AVG PRICE SHOWN-DETALS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED ORACLE CORP ORCL -100,000 14.74000 1,473,948.36 WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE UNSOLICITED WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REQUEST UNIT PRICE 14,800000 TOTAL $-167,732.50 $1,473,948.36 12120101 027 01/0302,06:34 001 vs19 EFTA00200555

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Con Bear, Stearns & Co. Inc. One Mebane preg hers 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS New York, New York 10179 | Pe JEFFREY EPSTEIN 6 of? STATEMENT PERIOG December 1, 2001 THROUGH Transaction Detail (continued) December 31,2001 accout nuvecr TAXPAYER NUMBER On File DEPOSITS AND WITHDRAWALS LAST STATEMENT — November 30, 2001 DATE TRANSACTION DESCRETION DEBIT AMOUNT CREDIT AMOUNT 12/11/01 FUNDS REC ENDS WIRED TO CITIBANK FROM 100,000.00 TOTAL $100,000.00 DIVIDENDS DATE DESCRIPTION SYMBOUIOUSIF QUANTITY RATE (8) DEBIT AMOUNT CAEDIT AMOUNT 12/11/01 JOHNSON& JOHNSON JNJ 57,800 0.1800 10,404.00 REC 11/20/01 PAY 12/11 REC 12/10/01 PAY 12/21/01 TOTAL $11,454.00 INTEREST DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (%) EBT AMOUNT CREDIT AMOUNT 12/21/01 FROM 12/11 THRU 12/20 @21/2% 2.5000 2,003.02 BAL 1591,342 AVBAL 2884349 PROM TET THRU Taig S23 BAL 3007,962 AVBAL 2726.857 27500 3499/63" BAL 1594,795 AVBAL 1314.795 TOTAL $-5.415.69 oz? 01/0302;08:34 001 vs19 EFTA00200556

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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 Le JEFFREY EPSTEIN Tor STATEMENT PERIKOO December 1, 2001 THROUGH December 31,2001 Transaction Detail (continued) account xumccr = TAXPAYER NUMBER On File MISCELLANEOUS LAST STATEMENT — November 30, 2001 DATE MONDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 12/10/01 JOURNAL TO 101-80048 36,530.04 PER LOA "EBON PET TC JOURNAL FROM TYRE 162 JOURNAL JOURNAL JOURNAL FROM TYPE 1102 700,000.00 “JOURNAL FROM TYPE 170 2 = $-846,934.04 $1,510,404.00 Your messages ‘i Florida residents who own, manage, or control stocks, bonds, As part of the National Association of Securities Dealer's (NASD) money market or mutual funds having a value of $25,000 or more for Investor Education Program, you may obtain information on the individuals or $45,000 for married couples filing jointly must pay a NASD’s Public Disclosure Program by contacting the NASD tax on these items, called “Intangible Tax", by June 30 to avoid at telephone number (800) 289-9999 or via the internet address which increased penalties, For tax returns and information, call the is www, nasdr.com, In addition, a brochure explaining the Department of Revenue at 1-800-352-3671, Public Disclosure Program is available from the NASD upon request, ****** End of Statement*™***** oz? 01/03/02;08:34 001 vs19 EFTA00200557

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BEAR STEARNS ACCOUNT EXECUTIVE —ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 wow.bearstearns.com What’s In This Statement Financial Summary Your Portfolio Holdings . Transaction Detail ......ssssseseresseeerees our Ww Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD* NET DEBIT BALANCE NET EQUITY LAST STATEMENT CHANGE SINCE LAST STATEMENT 5,721,830 -2,971,433 9,281,217 -6,530,819 “This portfolio includes one of mom 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 noe-roceigt of checks or stocks, indicated as delivered to you, © Client Senices at 800-624-1428; or write to Clam Services at Bear, Steams Securities Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3869. JEFFREY EPSTEIN 358 EL BRILLO WAY PALM BEACH FL 33480-4730 Market Value of Your Portfolio -2,971.433 $5,721,830 $5,768,976 | | Current market value EBB] Last statements market value [[) Short market value 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 JEFFREY EPSTEIN STATEMENT PERIOD October 27,2001 Novernber 30, 2001 accor nuvecr TAXPAYER NUMBER On File LAST STATEMENT October 26,2001 THROUGH ‘This statemem should be retained for your records. See reverse side for important information. 027 12101/01;10:46 001 vS13 EFTA00200558

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2 of9 STATEMENT BACKER IS PRINTED ON THIS PAGE 12101/01;10:46 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN v813 EFTA00200559

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 3 of9 Cash Flow Analysis THIS PERIOD OpeningBalance $0.58 Money Fund 3,532,515.61 Funds Deposited 3,000,000.00 Dividends/Interest 4,545.90 Amount Credited Money Fund -8,494.71 Funds Withdrawn -2,000.000.00 Miscellaneous -7,500,000.00 Amount Debited nesssssernernennennenns ses ooo oD Net Cash Activity -2,971,433.20 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 OPENING CLOSING Cash 0.58 0.00 Margin 0.00 -2,971 432.62 Net Cash Balance $0.58 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD October 27,2001 THROUGH November 30,2001 accout nuvecr TAXPAYER NUMBER On File Income Summary sen YEAR TO DATE LAST STATEMENT October 26,2001 Dividends 4,520.00 82,865.48 Other Dividends 11,781.29 68,516.90 Credit Balance Int. 25.90 32,227.50 Total $183,609.88 Portfolio Composition SHOAT LONG Cash/Cash Equivalent 2,971,433 Equities 5,721,830 Total $2,971,433 $5,721,830 Your Portfolio Allocation Short Cash & Equivalent- 34% Equities 66% Unshaded portions denote debt batance andicr short market values. The alocation percentage is derived from the absohte market value of your portloio, 027 12101/01;10:46 001 v813 EFTA00200560

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 4 a9 Your Portfolio Holdings CASH & CASH EQUIVALENTS NAARKET ESTIMATED CURRENT DESCRIPTION SYMBOL'CUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) CASH BALANCE -2.971 433 TOTAL CASH & CASH EQUIVALENTS $-2,971,433 EQUITIES Equities & Options ACCT MARKET ESTIMATED (CURRENT DESCRIPTION SYMBOUCUSIP TPE QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) ALLIED WASTE INDUSTRIES INC AW MRGN 50,000 11.8400 592,000 NEW ‘CANHORN CHEMICAL CORP CNCPF CASH 19 Unpriced CROWN AMERICAN REALTY TRUST CWN MRGN 5,000 7.9600 39,800 4,200 10.5528 FELCOR LODGING TRUST INC FCH MRGN 2,000 16.5800 33,160 4,400 13.2690 Heer PROPERTIES TA-SBI HRP MAGN 10,000 8.4200 84.200 8,000 9.50 42 HOSPITALITY PROPERTIES TRUST HPT MRGN 2,000 27.4300 54.860 5,680 10.3536 SBI JOHNSON& JOHNSON JNJ MRGN 57,800 58.2500 3,366,850 41,616 1.2361 KRAMONT REALTY TRUST KAT MRGN 2,000 13.4200 26.840 2,600 9.6870 027 12101/01;10:46 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD THROUGH ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT v813 October 27,2001 November 30,2001 On File October 26,2001 EFTA00200561

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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 fl | JEFFREY EPSTEIN 5 of9 STATEMENT PERIOD October 27,2001 THROUGH November 30,2001 accout nuvecr TAXPAYER NUMBER On File Your Portfolio Holdings (continued) Equities & Options (continued) LAST STATEMENT October 26, 2001 ACCT MAARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TYPE QUANTITY PRE VALUE ANNUAL INCOME YELD (%) SIRIUS SATELLITE RADIO INC SIRI MRGN 1,000 7.0400 7,040 Total Equities& Options $5,721,830 $77,382 TOTAL EQUITIES $5,721,830 $77,382 YOUR TOTAL ESTIMATED ANNUAL INCOME $77,382 YOUR PRICED PORTFOLIOHOLDINGS $2,750,397 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSACTION CESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 11/29/01 JOURNAL ALLIED WASTE INDUSTRIES INC AW -50,000 NEW JOURNAL FROM TYPE 1 TO 2 JOURNAL FROM TYPE 1 TO 2 TegioT" JOURNAL GLENBORGUGH REALTY TRUST INC fej) 2666 JOURNAL FROM TYPE 1 TO 2 027 12101/01;10:46 001 v613 EFTA00200562

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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 | | JEFFREY EPSTEIN 6 of9 STATEMENT PERIOD October 27,2001 THROUGH November 30,2001 Transaction Detail (continued) wen TAXPAYER NUMBER On File INVESTMENT ACTIVITY (continued) LAST STATEMENT October 26, 2001 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT GREOIT AMOUNT 11/29/01 JOURNAL GLIMCHER REALTY TRUST-SBI GRT -2,000 OFA FROM TYPE 1 TO 2 TssioT" JOURNAL HBT PROBERTIES THSBr” Hae "76,000 JOURNAL FROM TYPE 1 TO 2 Tissier" JOURNAL “HOSPITALITY BAGPERTIES TRUST Het “2,000 SBI JOURNAL FROM TYPE 1 TO 2 -eeennnnnnen teen ene enn nnn tnnnneans tet JOURNAL FROM TYPE 1 TO 2 KRAMONT REALTY TRUST Fl TY 000 JOURNAL FROM TYPE 2 TO 1 JOURNAL FROM TYPE 1 TO 2 11/29/01 JOURNAL RAMCO GERSHENSON PROPERTIES RPT -2,000 TRUST-MD SBI JOURNAL FROM TYPE 1 TO 2 TssioT" JOURNAL AIUS SATELLITE BABIO INC Sidi “1,606 JOURNAL FROM TYPE 1 10 2 Tissier" JOURNAT ALCIED WASTE INDUSTRIES INC NEW JOURNAL FROM TYPE 1 TO 2 {2gi07" JOURNAL CROWN AMERICAN REALTY TRUST JOURNAL FROM TYPE 1 TO 2 {ssioT" JOURNAL ““FELCOR LODGING TRUST INC JOURNAL FROM TYPE 1 TO 2 ““GLENBOROUGH REALTY TRUST INC JOURNAL FROM TYPE 1 TO 2 GUIMCHER REALTY TRUST-SBI 11/29) 027 12101/01;10:46 001 v813 EFTA00200563

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 7 of9 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT = TRADE DATE OATE TRANSACTION 11/29/01 JOURNAL DESCRIPTION SYMBOLCUSIP QUANTITY PRICE HAPT PROPERTIES TA-SBI HAP 10,000 JOURNAL FROM TYPE 1 TO 2 Tsiot"" JOURNAL HOSPITALITY ‘BRGBERTIES TRUST sBi JOURNAL FROM TYPE 1 TO 2 JouaNAc INS E IOHNSGN NI 57,800 JOURNAL FROM TYPE 1 TO 2 JOURNAL FROM TYPE 1 TO 2 ORACLE CORP FROM TY! Ti CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD October 27,2001 THROUGH November 30,2001 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT October 26,2001 DEBIT AMOUNT CREDIT AMOUNT senenennnnenen i ennenenne sepa age ppc cenennnnennnneeseppppntnennnnsesenenennnensiscenennenennnnessnenennnenennnnieienennnntnnnnesisetnmnnennnnet JOURNAL FROM TYPE 2 TO 1 TRUST-MD SBI JOURNAL FROM TYPE 1 TO 2 JOURNAL SIRIUS SATELLITE RADIO INC SIRI 1,000 JOURNAL FROM TYPE 1 TO 2 TOTAL DEPOSITS AND WITHDRAWALS DATE TRANSACTION 11/13/01 FND WIRED DESCRIPTION MDA#MB191958FNDS WIRED TO TL BK & TR CO FD#01693 COMING FROM MONEY FUND ENS BERR ae CitiBaNK FROM {306°600.66 F05133300A9801 DEBIT AMOUNT 2,000,000.00 CREDIT AMOUNT 027 12101/01;10:46 001 v613 EFTA00200564

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BEAR STEARNS 8 os OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 Transaction Detail (continued) DEPOSITS AND WITHDRAWALS (continued) CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 JEFFREY EPSTEIN STATEMENT PERIOD October 27,2001 THROUGH November 30, 2001 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT October 26,2001 DATE TRANSACTION DESCRETION DEBIT AMOUNT CREDIT AMOUNT 11/29/01 FUNDS REC FNDS WIRED TO CITIBANK FROM 1,700,000.00 TOTAL $-2,000,000.00 $3,000.000.00 MONEY FUND ACTIVITY DATE MOVDAY TRANSACTION, DESCAIPTION SYMBOUCUSIF QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 10/27/01 OPENINGBALANCE 3,512,239.61 BREVEUS TAX EXEMPT CASH MANAGEMENT INSTL SH MONTHLY DIVIDEND MANAGEMENT INSTL SH DIVIDEND REINVESTED OAEVEUS TAX EXEMPT CASH TL SH “DREVFUS TAX EXEMET CASH TL SH MANAGEMENT INSTL SH DIV 26202K205 “Be202Ka05""" “2.600.000” 11/30/01 CLOSINGBALANCE 0.00 TOTAL $-8,494.71 $3,532,515.61 027 1201/01;10:46 001 v613 EFTA00200565

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Con Bear, Stearns & Co. Inc. One Mebane ‘Center ‘eae 383 Madison Avenue Brocklyn, New York 11201-3859 STEARNS a" 10179 9 of9 JEFFREY EPSTEIN STATEMENT PERIOD October 27,2001 THROUGH Transaction Detail (continued) ACCOUNT NUMBER November 30,2001 TAXPAYER NUMBER On File DIVIDENDS LAST STATEMENT DATE CESCRIPTION SYMBOUCUSIP QUANTITY RATE ($) CEBIT AMOUNT CREDIT AMOUNT 10/31/01 FELCOR LODGING TRUST ING FCH 2,000 0.5500 1,100.00 REC 10/01/01 PAY 10/31/01 TTETIOT HABT BAGBERTIES TRSBI REC 10/22/01 PAY 11/21/01 sen mn nn sBl REC 10/25/01 PAY 11/22/01 TOTAL $4,520.00 16,0007""G'B000 2,000.00 2,000 {e3aio1" 07100 1,420.00 INTEREST DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (%) CERT AMOUNT CAEDIT AMOUNT 11/21/01 INTEREST ONCREDIT BALANCE 2.0000 25.90 AT 2.000% 10/21 THRU 11/05 TOTAL $25.90 MISCELLANEOUS TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT JOURNAL JOURNAL FROM TYPE 110 2 2,828,567.38 enna nnncnenss enema scenenntnentnn se sennnnnnen even arg rennnnnnssenencann ngage stnenenenenenen ies etnannnan aneessss susssenseasunsennenasess anee ae LOA {7/30/07 JoUaANAT JOURNAL FROM TYPE 1102 4.700,000.00 TOTAL $-12,028,567.38 $4,528,567.38 027 12101/01;10:46 001 vS13 October 26,2001 EFTA00200566

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BEAR STEARNS ACCOUNT EXECUTIVE —ZICHERMAN, IRA TELEPHONE OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New = New York 10179 VISIT OUR WEBSITE www.bearstearns.com What’s In This Statement Financial Summary , Your Portfolio Holdings . Transaction Detail ......sssssesseresseeerees Fund Activity ,, Your Messages oonuw fF Ww Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD* NET CREDIT BALANCE MONEY MARKET FUND BALANCE NET EQUITY THIS PERIOD NET EQUITY LAST STATEMENT CHANGE SINCE LAST STATEMENT $9,281,217 11,923,807 -2,642,591 “This portfolio indudes one or more unpriced securties that are not rofected 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 noe-roceigt of checks or stocks, indicated as delivered to you, © Client Senices at 800-624-1428; or write to Clam Services at Bear, Steams Securitios Comp., One Metrolech Center North, Brooklyn, N.Y. 11201-3859, JEFFREY EPSTEIN 358 EL BRILLO WAY PALM BEACH FL 33480-4730 Market Value of Your Portfolio 5,768,976 (as cance! i SEU ce juities 3,512,240 $5 $5,768,976 428.150 | | Current market value 288] 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, Steans Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD September 29, 2001 THROUGH October 26,2001 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT September 28, 2001 ‘This statemem should be retained for your records. See reverse side for important information, oe? 10/27/01,09:11 001 vsa2 EFTA00200567

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2 of8 STATEMENT BACKER IS PRINTED ON THIS PAGE 10/27101,09:11 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN EFTA00200568

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BEAR STEARNS 3 of8 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 Cash Flow Analysis THIS PERIOD OpeningBalance $151,868.42 Money Fund 2,857,442.20 Dividends/Interest 3,636.16 Amount Credited $2,861,078.36 Money Fund Funds Withdrawn Amount Debited Net Cash Activity 12,946.20 -3,000,000.00 -151 867.84 Cash Balance Summary OPENING Cash CLOSING 151,868.42 0.58 Net Cash Balance $151,868.42 $0.58 Income Summary THiS PERIOD Dividends 3,371.60 Other Dividends 12,946.20 Credit Balance Int. 264.56 Total Portfolio Composition Cast/Cash Equivalent Equities Total 027 YEAR TO DATE 78,345.48 56,735.61 32,201.60 $167,282.69 3,512,241 5,768,976 10/27/01,09:11 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD September 29, 2001 October 26,2001 accout nuvecr TAXPAYER NUMBER On File September 28, 2001 THROUGH LAST STATEMENT Your Portfolio Allocation Cash & Equivalent 38% Equities 62% Unshaded portions denote debt balance andicr short market values, The allocation percentage is derived from the absohte market value of your portiatio. vso2 EFTA00200569

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 4 of8 Your Portfolio Holdings CASH & CASH EQUIVALENTS NAARKET ESTIMATED © CURRENT DESCRIPTION SYMBOLICUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD [%) CASH BALANCE 1 DREYFUS TAX EXEMPT CASH 26202K205 3,512,239.61 1.0000 3,512,240 73,757 = =2.1000 MANAGEMENT INSTL SH EST, 30 DAY AVG YIELD 2 0900% TOTAL CASH & CASH EQUIVALENTS $3,512,241 $73,757 EQUITIES Equities & Options ACCT NAARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TYPE QUANTITY PRIE VALUE ANNUAL INCOME YELD [%) ALLIED WASTE INDUSTRIES INC AW CASH 50,000 13.8400 692,000 NEW CENTER TR INC CTA CASH 2,000 CANHORN CHEMICAL CORP CNCPF CASH 19 CROWN AMERICAN REALTY TRUST CWN CASH FELCOA LODGING TRUST INC FCH GLENBOROUGH REALTY TRUST INC GLB GASH 2,000 17.2000 34.400 7,000 320 4.5744 35,600 4,200 11.7978 27.500 4,400 16.0000 9.7674 3.360 027 10/27/01 09:11 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD September 29, 2001 THROUGH October 26,2001 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT September 28, 2001 vso2 EFTA00200570

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 BEAR STEARNS 5 of@ Your Portfolio Holdings (continued) Equities & Options (continued) ACCT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TYRE QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) RAMCO GERSHENSON PROPERTIES RPT CASH 2,000 16.0500 32,100 3,360 10.4673 TR SIRIUS SATELLITE RADIO INC SIRI CASH 1,000 2.8700 2,870 Total Equities& Options $5,768,976 $77,382 TOTAL EQUITIES $5,768,976 $77,382 YOUR TOTAL ESTIMATED ANNUAL INCOME $151,139 YOUR PRICED PORTFOLIOHOLDINGS $9,281,216 Transaction Detail DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRETION DEBIT AMOUNT CREDIT AMOUNT 10/11/01 FND WIRED WIRED TO 2,000,000.00 10/24/01 FND WIRED 1,000,000.00 $-3.000,000.00 TOTAL 027 10V27101;09:11 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD September 29,2001 October 26,2001 accout nuvecr TAXPAYER NUMBER On File September 28,2001 THROUGH LAST STATEMENT vsa2 EFTA00200571

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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 6 of8 JEFFREY EPSTEIN STATEMENT PERIOO September 29, 2001 THROUGH October 26, 2001 Transaction Detail (continued) secount winter TAXPAYER NUMBER On File MONEY FUND ACTIVITY LAST STATEMENT — September 28, 2001 DATE MOVDAY TRANSACTION DESCAIPTION SYMBOUCUSIP QUANTITY PRICE DeSIT AMOUNT CAEDIT AMOUNT 09/29/01 OPENINGBALANCE 6,.343,789.41 MONTHLY DIVIDEND 10/01/01 REINVEST DREYFUS TAX EXEMPT CASH 26202K205 12,946.20 MANAGEMENT INSTL SH 12'846 20 MANAGEMENT INSTL SH To2aio7 SOLS OAEVFUS TAC BENET CASH 26202K205 "844-496" 844,496.00 {6000 10/26/01 CLOSINGBALANCE 3,512,239.61 TOTAL $-12.946.20 $2,857,442.20 DIVIDENDS DATE CESCRIPTION SYMBOLGUSIP QUANTITY RATE (S$) DEBIT AMOUNT CREDIT AMOUNT 10/15/01 = GLENBOROUGH REALTY TRUST INC GLB 2,000 0.4200 840.00 REC 10/01/01 PAY 10/15/01 “GLIMCHER REALTY TRUST SBT" GAT 20007" "C4808 REC 09/28/01 PAY 10/15/01 “RANGO GERSHENSON BROPERTIES eT 20007" "64300 TRUST-MD SBI REC 09/30/01 PAY 10/16/01 TOTSIOT KRAMONT REALTY AUST KAT 20007" "63350 REC 10/05/01 PAY 10/19/01 {ors {orieT™ 027 10/27/0109:11 001 vso2 EFTA00200572

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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 a" 10179 7 of6 JEFFREY EPSTEIN STATEMENT PERIOD September 29, 2001 THROUGH Transaction Detail (continued) ACCOUNT NUMBER October 26, 2001 TAXPAYER NUMBER On File DIVIDENDS (continued) LAST STATEMENT DATE CESCRIPTION SYMBOUCUSIP QUANTITY RATE ($) CEBIT AMOUNT (CREDIT AMOUNT 10/22/01 CENTER TR INC CTA 2,000 0.0400 80.00 REC 10/01/01 PAY 10/22/01 TOTAL $3,371.60 INTEREST DATE DESCRIPTION SYMBOUCUSIF QUANTITY RATE (%) OEBIT AMOUNT CREDIT AMOUNT 10/22/01 INTEREST ONCREDIT BALANCE 1.5000 18.98 AT 1 1/2% 09/21 THRU 09/23 AT 2 1/2% 09/24 THRU 10/01 “INTEREST ON CREDIT BALANCE AT 2,000% 10/02 THRU 10/20 TOTAL $264.56 161.21 jor22i01” 027 10V27101;09:11 001 vso2 September 28, 2001 EFTA00200573

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 383 Madison Avenue STEARNS New York, New York 10179 a 8 of6 Your messages ie We are pleased to announce that we have moved our world headquarters, previously located at 245 Park Avenue, to: 383 Madison Avenue New York, New York 10179 While our telephone numbers and e-mail addresses remain the same, some fax numbers have changed, Please check with your Account Executive. (stor ****** End of Statement*™***** ( 027 10/27101,09:11 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD September 29, 2001 THROUGH October 26,2001 accor nuvecr TAXPAYER NUMBER On File LAST STATEMENT September 28, 2001 vso2 EFTA00200574

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 245 Park Avenue STEARNS ACCOUNT EXECUTIVE —ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE wew.bearstearns.com What’s In This Statement Financial Summary , Your Portfolio Holdings . : Transaction Detail ......s.sssseserssseessees Fund Activity ,, 1 Your Messages aonuw fF w Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD* 5,428,150 NET CREDIT BALANCE 151,868 MONEY MARKET FUND BALANCE 6,343,789 NET EQUITY LAST STATEMENT 15,016,128 CHANGE SINCE LAST STATEMENT -3,092,320 “This portfolio indudes one or more unpriced securties that are not refected 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 noe-roceigt of checks or stocks, indicated as delivered to you, © Client Senices at 800-624-1428; or write to Clam Services at Bear, Steams Securities Comp., One Metrotech Center North, Brooklyn, N.Y. 11201-3859. New Yi New York 10167 JEFFREY EPSTEIN 358 EL BRILLO WAY PALM BEACH FL 33480-4730 Market Value of Your Portfolio | | Current market value $288] Last statements market value ([)] Short market value 027 $5,554,618 : $-5.000 ‘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. 09/2901 ;10:55 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD September 1, 2001 THROUGH September 28, 2001 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT August 31,2001 vsao EFTA00200575

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2 of9 STATEMENT BACKER IS PRINTED ON THIS PAGE 09/2901 ;10:55 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN EFTA00200576

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 BEAR STEARNS Cash Flow Analysis THIS PERIOD OpeningBalance $1,438,795.54 Money Fund 1,716,075.38 Dividends/Interest 13,072.88 Amount Credited $1,729,148.26 Money Fund -16,075.38 Funds Withdrawn -3,000,000.00 Amount Debited Net Cash Activity Cash Balance Summary OPENING CLOSING Cash 1,438,795.54 151,868.42 Net Cash Balance $1,438,795.54 $151,868.42 Income Summary THiS PERIOD YEAR TO DATE Dividends 11,454.00 74,973.88 Other Dividends 16,075.38 43,789.41 Credit Balance Int. 1,618.88 31,937.04 Total 9,148.26 Portfolio Composition Cash/Cash Equivalent 6,495,657 Equities 5,428,150 Total 027 09/2901 ;10:55 001 3 of9 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD September 1, 2001 September 28, 2001 accout nuvecr TAXPAYER NUMBER On File THROUGH LAST STATEMENT August 31,2001 Your Portfolio Allocation Equities 45% Cash & Equivalent 55% Unshaded portions denote debt balance andicr short market values, The allocation percentage is derived from the absohte market value of your portiatio. vsao EFTA00200577

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 BEAR STEARNS 4 a9 Your Portfolio Holdings CASH & CASH EQUIVALENTS NAARKET QUANTITY PRICE VALUE ESTIMATED ANNUAL INCOME (CURRENT DESCRIPTION YELD [%) CASH BALANCE DREYFUS TAX EXEMPT CASH MANAGEMENT INSTL SH TOTAL CASH & CASH EQUIVALENTS SYMBOLICUSIP 26202K205 6,343,789.41 1.0000 6,343,789 145,907 2.3000 $6,495,657 $145,907 EQUITIES Equities & Options ESTIMATED ANNUAL INCOME CURRENT YELD (%} ACCT MARKET SYMBOUCUSIP TYE QUANTITY PRIE VALUE CASH 50,000 637,500 DESCRIFTION ALLIED WASTE INDUSTRIES INC AW NEW CENTER TR INC CTA CASH 2,000 CANHORN CHEMICAL CORP CNCPF CASH 19 CROWN AMERICAN REALTY TRUST CWN CASH 5, FELCOR LODGING TRUST INC FCH CASH 12.7500 7,720 320 4.1451 3.8600 Unpriced 7.1000 13.4500 4200" 17.8310 4,400 16.3569 3,360 9.0615 35.500 26.900 37,080 GLENBOROUGH REALTY TRUST INC GLB CASH 027 09/2901 ;10:55 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD September 1, 2001 September 28, 2001 accout nuvecr TAXPAYER NUMBER On File August 31,2001 THROUGH LAST STATEMENT vsao EFTA00200578

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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 245 Park Avenue Brocklyn, New York 11201-3859 STEARNS New York, New York 10167 | Pe JEFFREY EPSTEIN 5 of9 STATEMENT PERIOO September 1, 2001 THROUGH September 28, 2001 accout nuvecr TAXPAYER NUMBER On File Your Portfolio Holdings (continued) LAST STATEMENT August 31,2001 Equities & Options (continued) ACCT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TYRE QUANTITY PRICE VALUE ANNUAL INCOME YIELD (%) RAMCO GERSHENSON PROPERTIES RPT CASH 2,000 16.4200 32,840 3,360 10.2314 a SIRIUS SATELLITE RADIO INC SIRI CASH 1,000 3.5900 3,590 Total Equities& Options $5,428,150 $74,782 TOTAL EQUITIES $5,428,150 $74,782 YOUR TOTAL ESTIMATED ANNUAL INCOME $220,689 YOUR PRICED PORTFOLIOHOLDINGS $11,923,807 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT — TRADE DATE DAT TRANSACTION DESCRIPTION SYMBOLICUSP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 09/26/01 EXPIRED CALL ORACLE CORP SEP17.50°*** 68389x918 1,000 EXP 09/22/2001 TOTAL oz? 09/29101;10:58 001 vsao EFTA00200579

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. ne Metrotech Center North 245 Park Avenue Brocklyn, New York 11201-3859 STEARNS New York. New York 10167 | | JEFFREY EPSTEIN 6 of9 STATEMENT PERIOD September 1, 2001 THROUGH September 28, 2001 Transaction Detail (continued) ACCOUNT NUMBER fs TAXPAYER NUMBER On File DEPOSITS AND WITHDRAWALS LAST STATEMENT August 31, 2001 DATE TRANSACTION DESCRETION DEBIT AMOUNT CREDIT AMOUNT 09/07/01 FND WIRED 2,000,000.00 5 COMING FRO uuvauoenensenenan sits suunenauseneeaeneny eannusenonnenanan sts euenansesenoenenanans tis annen 10 euneenennnneaneenene (isc anenaeneneene 09/26/01 FND WIRED WIRED To 1,000,000.00 FD#O1198 $ COMING FROM DREYFUS TODAY TOTAL $-3,000,000.00 MONEY FUND ACTIVITY DATE MO/DAY TRANSACTION DESCAIPTION SYMBOUCUSIP QUANTITY PRICE DEBIT AMOUNT CAEDIT AMOUNT 09/01/01 OPENINGBALANCE 8,027,714.03 DREYFUS TAX EXEMPT CASH 16,075.38 MANAGEMENT INSTL SH MONTHLY DIVIDEND DREYFUS TAX EXEMPT CASH MANAGEMENT INSTL SH DIVIDEND REINVESTED tiatEehit wher SH Os260T" "SOLD BREVFUS TAK BENET CASH B6202K205 ~—"F000.660 "°°" REINVEST 26202K205 16,075.38 16,075.38 7O000" 1,000°000°66 09/28/01 CLOSINGBALANCE 6.343,789.41 TOTAL $-16,075.38 $1,716,075.38 027 09/2901;10:55 001 vsao EFTA00200580

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Cor Bear, Stearns & Co. Inc. One Mebane ‘Center Non 245 Park Avenue Brocklyn, New York 11201-3859 STEARNS New York, New York 10167 | Pe JEFFREY EPSTEIN 7 of9 STATEMENT PERIOD September 1, 2001 September 28, 2001 THROUGH Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File DIVIDENDS LAST STATEMENT DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (8) CEBIT AMOUNT (CREDIT AMOUNT OS/11/0T JOHNSONE JOHNSON = =——“‘“‘COé;‘<C;(;‘(‘isé‘;&$(<Y 87800 o7a00 10,404.00 REC 08/21/01 PAY 09/11/01 CROWN AMERICAN REALTY TRUST CWN 5,000 0.2100 1,050.00 REC 08/31/01 PAY 09/14/01 TOTAL $11,454.00 DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (Se) CEBIT AMOUNT CREDIT AMOUNT 09/21/01 INTEREST ONCREDIT BALANCE 0.5000 2.09 AT O 1/2% 09/19 THRU 09/19 75000 636 AT 1 1/2% 09/20 THRU 09/20 ee ee a ARIE reer aremerenmennrenvessennrennnenrennenessorennneatennrenensvsarenreananewaanttnteanretnregeeenesseeqnraqnetnregnne et aneuanenseata AT 2 1/2% 09/17 THRU 09/18 INTEREST ON CREDIT BALANCE 3.0000 1,589.66 AT 3,000% 08/21 THRU 09/16 TOTAL $1,618.88 027 09/2901 ;10:55 001 vsao August 31,2001 EFTA00200581

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 245 Park Avenue STEARNS New York, New York 10167 a 8 of9 Your messages ie This statement is provided to explain Bear, Steams & 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. CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD September 1, 2001 THROUGH September 28, 2001 accor nuvecr TAXPAYER NUMBER On File LAST STATEMENT August 31,2001 ie Beginning October 31, 2001, you may request the identity of the venue to which any of your orders were routed for execution {if the order was within the six months prior to the request or July 2, 2001, whichever is a later date), whether the order was directed by you to that venue, and the time of the executions, if any, that resulted from such orders, 027 09/2901 ;10:55 001 vsao EFTA00200582

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 245 Park Avenue STEARNS _—€€ 10167 9 of9 ie Bear, Stearns Securities Corp, Net Capital and Net Capital Requirements: At May 25, 2001 and July 27, 2001, the Company's net capital of $2,7 billion and $2.7 billion was approximately 8.9% and 9.2% of aggregate debit items and exceeded the minimum regulatory net capital requirement of $605.5 million and $585,5 million by $2,1 billion and $2,1 billion, all respectively, A complete copy of the Bear, Stearns Securities Corp, Statement of Financial Condition is available on the web site wwow.bearstearns.com_, Alternatively, to request a free printed copy please call -toll free 1-866-299-9331 **e*** End of Statement™***** CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD September 1, 2001 THROUGH September 28,2001 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT August 31,2001 | 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 deposited 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 it's "house" maintenance 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 (09/29/01;10:55 001 vsao EFTA00200583

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 245 Park Avenue STEARNS New ¥1 New York 10167 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN ACCOUNT EXECUTIVE ZICHERMAN,IRA STATEMENT PERIOD July 28, 2001 TeepHone = THROUGH August 31,2001 VISIT OUR WEBSITE wow.bearstearns.com account numccr = What’s In This Statement allillalallaldbadolldalldbaldlolalds TAXPAYER NUMBER On File JEFFREY EPSTEIN LAST STATEMENT July 27, 2001 358 EL BRILLO WAY PALM BEACH FL 33480-4730 Financial Summary Your Portfolio Holdings . Transaction Detail ......ssessesseresseeerees Fund Activity y.ssssssssrssssrssesssnesesnsvaseseeesens our Ww Your Portfolio at a Glance Market Value of Your Portfolio $9.466,510 MONEY MARKET FUND BALANCE 8,027,714 $7,452,034 : $-260,000 || Current market value G8] Last statements market value [[] Short market value NET EQUITY THIS PERIOD NET EQUITY LAST STATEMENT 17,447,354 CHANGE SINCE LAST STATEMENT 2,431,226 “This portfolio indudes one or more unpriced securties that are not refected 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. Please report any difference or nomracaipt of checks or stocks, indicated as delivered to you, ‘This summary §s for informational purposes only. It Is not intended as a tax document, ‘© Client Senices 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. Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3869. 02? 09101/01;10:37 001 va96 EFTA00200584

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2 of? STATEMENT BACKER IS PRINTED ON THIS PAGE 09901/01;10:37 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN v496 EFTA00200585

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 245 Park Avenue STEARNS New York, New York 10167 a 3 of? Cash Flow Analysis THIS PERIOD OpeningBalance $250,212. 93 Securities Sold 1,138,051.14 Money Fund 2,022,606.56 Funds Deposited 45,235.74 Dividends/Interest 5,295.73 Amount Cr Money Fund -22.606.56 Funds Withdrawn -2,000,.000.00 Amount Debited | Net Cash Activity 1,188,582.61 Cash Balance Summary OPENING CLOSING Cash 250,212.93 1,438,795.54 Net Cash Balance $250,212.93 $1,438,795.54 Income Summary THiS PERIOD Dividends 4,520.00 Other Dividends 22,606.56 Credit Balance Int. 775.73 Total $27,902.29 Portfolio Composition SHOAT Cash/Cash Equivalent Equities 5,000 Total $5,000 027 YEAR TO DATE 63,519.88 27,714.03 30,318.16 $121,552.07 LONG 9,466,510 5,554,618 $15,021,128 09901/01;10:37 001 Cash & Equivalent 63% CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD July 28, 2001 THROUGH August 31,2001 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT July 27, 2001 Your Portfolio Allocation ~ Equities 36% Short Equities <1% Unshaded portions denote debt batance andicr short market values. The alocation percentage is derived from the absohte market value of your portloio, v496 EFTA00200586

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 BEAR STEARNS 4a? Your Portfolio Holdings CASH & CASH EQUIVALENTS ESTIMATED ANNUAL INCOME (CURRENT DESCRIPTION QUANTITY PRICE YELD [%) CASH BALANCE DREYFUS TAX EXEMPT CASH MANAGEMENT INSTL SH TOTAL CASH & CASH EQUIVALENTS SYMBOLICUSIP 26202K205 8,027,714.03 1.0000 8,027,714 200,693 2.5000 $9,466,510 $200,693 EQUITIES Equities & Options MARKET VALUE 906,500 ESTIMATED ANNUAL INCOME CURRENT YELD (%} ACCT TYE CASH QUANTITY 50,000 PRKE 18.1300 DESCRIFTION ALLIED WASTE INDUSTRIES INC NEW CENTER TR INC CTA CASH 2,000 CANHORN CHEMICAL CORP CNCPF CASH 19 CROWN AMERICAN REALTY TRUST CWN CASH 5, FELCOR LODGING TRUST INC FCH CASH SYMBOUCUSIP AW 4.1300 8.260 320 3.8741 Unpriced 8.3100 21.0300 4.200” i01083 4400 10.4612 3,360 8.0964 41.550 42,060 41,500 GLENBOROUGH REALTY TRUST INC GLB CASH 027 09901/01;10:37 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD July 28, 2001 August 31,2001 accout nuvecr TAXPAYER NUMBER On File THROUGH LAST STATEMENT duly 27, 2001 v496 EFTA00200587

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 BEAR STEARNS 5 of? Your Portfolio Holdings (continued) Equities & Options (continued) ACCT MARKET SYMBOU'CUSIP TYPE QUANTITY PRICE VALUE ORQI17 MRGN -1,000 0.0500 -5,000 ESTIMATED ANNUAL INCOME CURRENT DESCRIPTION YELD ('} CALL ORACLE CORP SEP17.50°*** 9.8824 RAMCO IN TRUST-MD SBI SIRIUS SATELLITE RADIO INC SIRI Total Equities& Options TOTAL EQUITIES 2,000 17.0000 3,360 CASH 6.6500 1,000 6,650 $5,549,618 $77,382 $77,382 $5,549,618 YOUR TOTAL ESTIMATED ANNUAL INCOME YOUR PRICED PORTFOLIOHOLDINGS $278,075 $15,016,127 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE OATE TRANSACTION SOLD QUANTITY PRICE -30,561 37.30000 CESCRIPTION SYMBOLICUSIP BANK ONE CORP ONE UNSOLICITED SEE NOTE *S* ON BACK 08/27/01 08/22/01 TOTAL 027 0901/01;10:37 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOO July 26, 2001 August 31,2001 accout nuvecr TAXPAYER NUMBER On File THROUGH LAST STATEMENT duly 27, 2001 DEBIT AMOUNT CREDIT AMOUNT 1,138,051.14 $1,138,051.14 v496 EFTA00200588

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT a Bear, Stearns Securities Corp Bear, Stearns & Co. Inc. One Metratech Center North 245 Park Avenue Brocklyn, New York 11201-3859 STEARNS New York. New York 10167 | a JEFFREY EPSTEIN 6 of? STATEMENT PERIOO July 28, 2001 THROUGH August 31,2001 Transaction Detail (continued) account numccr TAXPAYER NUMBER On File DEPOSITS AND WITHDRAWALS LAST STATEMENT July 27, 2001 DATE TRANSACTION DESCRETION DEBIT AMOUNT CREDIT AMOUNT 08/01/01 FND WIRED 1,000,000.00 eT Ree ENDS WIRED TO CIIBAN EROA 11! ****tttnennnntenssusenennannnnnnnnengneegeeeaneeneeea 4S 239.74 BANK,NAAL TOTAL $-2,000,000.00 $45,235.74 MONEY FUND ACTIVITY DATE MOVDAY TRANSACTION DESCAIFTION SYMBOUCUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 07/28/01 OPENINGBALANCE 10,005,107.47 “F600/600"°" 776000 7060,006:00 pata: AX eae CASH 26202K205 JANAGEMENT INSTL Ss HanKGenekt Rent SH MONTHLY DIVIDEND anes ircenn jaunnenannne ssi gunnnnneusnnnaunonnen 111s ausuungensunnneneunen ssi) usuengungengenannnen 11s aunnenesgenaunonnaen {11s auaengennengnengeney 111 enaenany 08/01/01 REINVEST PREXEUS Jax Ree et CASH 26202K205 22,606.56 DIVIDEND REINVESTED 08/08/01 SOLD RARKEERER SRSA CASH 26202K205 1,000,000 1.0000 1,000,000.00 ELL 027 09901/01;10:37 001 v496 EFTA00200589

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Con Bear, Stearns & Co. Inc. One Mebane preg hers 245 Park Avenue Brocklyn, New York 11201-3859 STEARNS New York, New York 10167 | Pe JEFFREY EPSTEIN 7 ot? STATEMENT PERIOO July 26, 2001 THROUGH Transaction Detail (continued) August 31,2001 accout nuvecr TAXPAYER NUMBER On File MONEY FUND ACTIVITY (continued) LAST STATEMENT — July 27, 2001 DATE MOVDAY TRANSACTION DESCAIFTION SYMBOUOUSIF QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 08/31/01 CLOSINGBALANCE 8,027,714.03 TOTAL $-22,606.56 $2,022,606.56 DIVIDENDS DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE ($) CEBIT AMOUNT CAEDIT AMOUNT 07/31/01 FELCOR LODGING TRUST INC FCH 2,000 0.5500 1,100.00 REC 07/13/01 PAY 07/31/01 SBI REC 07/06/01 PAY 08/23/01 HAPT PROPERTIES TR-SBI HRP 10,000 0.2000 2,000.00 REC 07/26/01 PAY 08/24/01 TOTAL $4,520.00 INTEREST DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (%) EBT AMOUNT CREDIT AMOUNT 08/21/01 INTEREST ON CREDIT BALANCE 3.2500 775.73 AT 3 1/4% 07/21 THRU 08/20 TOTAL $775.73 027 09101/01;10:37 001 EFTA00200590

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. One Metrotech Center North BEAR 245 Park Avenue Brooklyn, New York 11201-3859 ACCOUNT EXECUTIVE = ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE wew.bearstearns.com What’s In This Statement Financial Summary , ‘ Your Portfolio Holdings . : Transaction Detail ......s.ssssseseresseeesees Fund Activity ..sscsssssrssssrssececuesesnsveceseensene ouk Ww Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD* 7,192,034 NET CREDIT BALANCE 250,213 MONEY MARKET FUND BALANCE 10,005,107 NET EQUITY LAST STATEMENT 18,128,383 CHANGE SINCE LAST STATEMENT -681,029 “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. Bear, Stearns Securities Corp. STEARNS New _ New York 10167 | JEFFREY EPSTEIN STATEMENT PERIOD June 30,2001 THROUGH July 27, 2001 accouvt nuvecr allilbalallaldbalolldalldbalddolalds TAXPAYER NUMBER On File JEFFREY EPSTEIN LAST STATEMENT June 29, 2001 358 EL BRILLO WAY PALM BEACH FL 33480-4730 Market Value of Your Portfolio 0,255,320 Equities $7,452,034 : $-260,000 $7,218,564 : $-330,000 fie2] Current market value $288] Last statement's market value [[) Short market value Please report any difference or nomracaipt of checks or stocks, indicated as delivered to you, ‘This summary 5 for informational purposes only. It Is not intended as a tax document. ‘© Client Senices 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 Metrotech Center North, Brooklyn, N.Y. 11201-3859, 027 07/2801 09:42 001 v4a2 EFTA00200591

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2 of? STATEMENT BACKER IS PRINTED ON THIS PAGE 07/2801 ,09:42 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN EFTA00200592

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR STEARNS 3 of? 245 Park Avenue Cash Flow Analysis THIS PERIOD OpeningBalance $239,818.84 Money Fund 1,005,107.47 Dividends/Interest 10,394.09 Amount Cr ited $1,015,501.56 Money Fund -5.107.47 Funds Withdrawn -1,000,000.00 Amount Debited $-1,005.107.47 Net Cash Activity 10,394.09 Cash Balance Summary OPENING CLOSING Cash 239,818.84 250,212.93 Net Cash Balance $239,818.84 $250,212.93 New York, New York 10167 Income Summary THiS PERIOD YEAR TO DATE Dividends 9,789.41 58,999.88 Other Dividends 5,107.47 5,107.47 Credit Balance Int. 604.68 29,542.43 Total $15,501.56 Portfolio Composition SHOAT LONG Cash/Cash Equivalent 10,255,320 Equities 260,000 7,452,034 Total $260,000 $17,707,354 027 07/2801 ,09:42 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD June 30,2001 THROUGH duly 27, 2001 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT June 29, 2001 Your Portfolio Allocation Equities 41% — Short Equities 1% Unshaded portions denote debt balance andicr short market values, The allocation percentage is derived from the absohte market value of your portiatio. v4a2 EFTA00200593

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 245 Park Avenue STEARNS New York, New York 10167 a 4a? Your Portfolio Holdings CASH & CASH EQUIVALENTS NANRKET ESTIMATED DESCRIPTION SYMBOLICUSP QUANTITY PRICE VALUE ANNUAL INCOME CASH BALANCE 250,213 DREYFUS TAX EXEMPT CASH 26202K205 10,005,107.47 1.0000 10,005,107 280,143 MANAGEMENT INSTL SH TOTAL CASH & CASH EQUIVALENTS $10,255,320 $280,143 EQUITIES Equities & Options ACCT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TYE QUANTITY PRIE VALUE ANNUAL INCOME YELD [%} ALLIED WASTE INDUSTRIES INC AW CASH 50,000 18.5500 927,500 NEW BANK ONE CORP ONE CASH 30,561 37.8900 CENTER TR INC CTA CANHORN CHEMICAL CORP CNCPF CROWN AMERICAN REALTY TRUST CWN CASH ‘000 3.3400 41.700. 4.200 10.0719 25.671 2.2169 320 3.8554 HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 28.9700 57,940 5,680 9.8032 ORACLE CORP ORCL MRGN 100,000 1,923,000 027 07/2801 ,09:42 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD THROUGH ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT v4a2 June 30, 2001 July 27, 2001 On File June 29, 2001 EFTA00200594

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 BEAR STEARNS 5 of? Your Portfolio Holdings (continued) Equities & Options (continued) ACCT TYRE MRGN PRICE 2.6000 SYMBOLICUSIP ORQI17 QUANTITY -1,000 DESCRIPTION CALL ORACLE CORP SEP17.50°*** 1 -7500 IN 2,000 CURRENT YIELD [') MARKET VALUE ESTIMATED ANNUAL INCOME -260,000 TRUST-MD SBI SIRIUS SATELLITE RADIO INC SIRI CASH 1,000 7.9600 7,960 Total Equities& Options $7,192,034 $103,053 TOTAL EQUITIES $7,192,034 $103,053 YOUR TOTAL ESTIMATED ANNUAL INCOME $383,196 YOUR PRICED PORTFOLIOHOLDINGS $17,447,353 Transaction Detail DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRETION DEBIT AMOUNT CREDIT AMOUNT FND WIRED 1,000,000.00 07/23/01 TOTAL $-1,000,000.00 07/2801 09:42 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 JEFFREY EPSTEIN June 30, 2001 July 27, 2001 On File June 29, 2001 STATEMENT PERIOD THROUGH ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT v4a2 EFTA00200595

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North BEAR 245 Park Avenue Brooklyn, New York 11201-3859 STEARN S — i 10167 6 of? JEFFREY EPSTEIN STATEMENT PERIOD June 30,2001 THROUGH duly 27, 2001 Transaction Detail (continued) TAXPAYER NUMBER On File MONEY FUND ACTIVITY LAST STATEMENT June 29, 2001 DATE MOIDAY TRANSACTION DESCAIFTION SYMBOL/OUSIP QUANTITY PRIGE DEBIT AMOUNT CREDIT AMOUNT 06/30/01 OPENINGBALANCE 11,000,000 MONTHLY DIVIDEND MANAGEMENT INSTL SH MANAGEMENT INSTL SH 07/27/01 CLOSINGBALANCE 10,005,107.47 TOTAL $-5.107.47 $1,005,107.47 DIVIDENDS DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE ($) CERT AMOUNT CAEDIT AMOUNT 07/02/01 BANK ONE COAP ONE 30,561 0.2100 6,417.81 REC 06/15/01 PAY 0: 1 07! UST INC te canananen vuean 1c ANNERENENENANANENENE (1 auneuEOEOENOOEOOOOOEN (11 eonneonanenanonaEE 000 840.00 TRUST-MD SBI REC 06/30/01 PAY 6 ER TRING REC 07/02/01 PAY 0 027 07/2801 ,09:42 001 v4a2 accout nuvecr EFTA00200596

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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 245 Park Avenue Brocklyn, New York 11201-3859 STEARNS — i 10167 7 ot? JEFFREY EPSTEIN STATEMENT PERIOD June 30,2001 THROUGH Transaction Detail (continued) July 27, 2001 accout nuvecr TAXPAYER NUMBER On File DIVIDENDS (continued) LAST STATEMENT — June 29, 2001 DATE DESCRIPTION SYMBOUIOUSIF QUANTITY RATE (S$) DEBIT AMOUNT CREDIT AMOUNT 07/20/01 KRAMONT REALTY TRUST KAT 2,000 0.3250 650.00 REC 06/29/01 PAY 07/20/01 TOTAL $9,789.41 INTEREST DATE DESCRIPTION SYMBOUCUSIF QUANTITY RATE (%) OEBIT AMOUNT CREDIT AMOUNT 07/23/01 INTEREST ONCREDIT BALANCE 3.5000 72.88 AT 3 1/2% 06/21 THRU 06/26 AT 3 1/4% 06/27 THRU 07/20 TOTAL $604.68 /—™ (stop) ****** End of Statement"***** VS 027 07/28/01;09:42 001 v4a2 EFTA00200597

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BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New ¥1 New York 10167 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN ACCOUNT EXECUTIVE STATEMENT PERIOD May 26,2001 ZICHERMAN, IRA TELEPHONE THROUGH June 29, 2001 VISIT OUR WEBSITE — www.bearstearns.com . account xumccr = What’s In This Statement allillalallaldbaalelldalldbalddolalds TAXPAYER NUMBER On File Financial Summary 3 JEFFREY EPSTEIN LAST STATEMENT May 25, 2001 Your Portfolio Holdings . 4 $58 EL BRILLO WAY Transaction Detail 5 PALM BEACH FL 33480-4730 Fund ACtiVLY ditt 6 Your M@SSAQES sussssessesssesesseseneeies 7 Your Portfolio at a Glance Market Value of Your Portfolio Important: Message $11,239,819 Please note: You may find TOTAL VALUE OF SECURITIES THIS PERIOD* 6,888,564 Cash & Equivalent Ee i more than one statement NET CREDIT BALANCE 239,819 : is month, statements. A $7,218,564 = $-330,000 us month, al statomery MONEY MARKET FUND BALANCE 11,000,000 “uses eT : $-220,000 with the same Address and A . Social Security number / Taxpayer Identification number are being mailed in one envelope. For further etails, please contact your account executive. || Current market value $288] Last statements market value [[] Short market value NET EQUITY THIS PERIOD NET EQUITY LAST STATEMENT 6,710,259 CHANGE SINCE LAST STATEMENT 11,418,124 “This portfolio indudes one or more unpriced securties that are not refected 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. Please report any difference or nomreceipt of checks of stocks, indicated as deltwered to you, ‘Ths summary 5 for informational purposes only. It Is mot intended as a tax document, to Client Senices at 800-634-1428; cr write to Clon! Services at Bear, Steams Securities This statement should be retained for your records. See reverse side for important information. Corp., One Metrotech Center North, Brookym. N.Y. 11201-3869. 027 06/3001-23:28 001 vaat EFTA00200598

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2 of? STATEMENT BACKER IS PRINTED ON THIS PAGE 06/3001-23:28 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN EFTA00200599

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BEAR STEARNS 3 of? Cash Flow Analysis Balance Openi: Funds Deposited Dividends/Interest Amount Cr ited Money Fund Funds Withdrawn Amount Debited Net Cash Activity Cash Balance Summary OPENING Cash OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 Income Summary THIS PERIOD nee ret $55,924.14 Dividends 11,454.00 . Credit Balance Int. 225.39 13,672,315.31 11,679.39 TOR vzcereereset seme sntom $13,683,994.70 “11,000,000.00 Portfolio Composition -2,500,000.00 SHORT $-1 3.500,000.00 Cash/Cash Equivalent Equities 330,000 183,994.70 CLOSING 55,824.14 239,818.84 Net Cash Balance $239,818.84 027 18,458,383 Total $330,000 YEAR TO DATE 49,210.47 28,937.75 LONG 11,239,819 7,218,564 06/3001-23:28 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD May 26, 2001 THROUGH June 29, 2001 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT May 25, 2001 Your Portfolio Allocation - Equities 39% Cash & Equivalent. 60% Short Equities 1% Unshaded portions denote debt balance andicr short market values, The allocation percentage is derived from the absohte market value of your portiatio. vat EFTA00200600

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 245 Park Avenue STEARNS New York, New York 10167 a 4a? Your Portfolio Holdings CASH & CASH EQUIVALENTS NANRKET ESTIMATED DESCRIPTION SYMBOLICUSP QUANTITY PRICE VALUE ANNUAL INCOME CASH BALANCE 239,819 DREYFUS TAX EXEMPT CASH 26202K205 11,000,000 1.0000 11,000,000 363,000 MANAGEMENT INSTL SH TOTAL CASH & CASH EQUIVALENTS $11,239,819 $363,000 EQUITIES Equities & Options ACCT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TYE QUANTITY PRIE VALUE ANNUAL INCOME YELD [%} ALLIED WASTE INDUSTRIES INC AW CASH 50,000 18.6800 934,000 NEW BANK ONE CORP ONE CASH 30,561 35.8000 CENTER TR INC CTA CANHORN CHEMICAL CORP CNCPF CROWN AMERICAN REALTY TRUST CWN CASH FELCOR LODGING TRUST INC FCH CASH 25.671 2.3463 320 4.6400 3.4483 41.750. 4.200 10.0599 46,800 4,400 9.4017 HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 28.5000 57,000 5,680 9.9649 ORACLE CORP ORCL MRGN 100,000 027 06/3001 ;23:28 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD THROUGH ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT yaar May 26,2001 June 29, 2001 On File May 25, 2001 EFTA00200601

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 245 Park Avenue STEARNS New York, New York 10167 a 5 of? CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD May 26, 2001 THROUGH June 29, 2001 Your Portfolio Holdings (continued) account xumccr = TAXPAYER NUMBER On File LAST STATEMENT May 25, 2001 Equities & Options (continued) ACCT NANRKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TYPE QUANTITY PRICE VALUE __ ANNUAL INCOME YELD (%} CALL ORACLE CORP SEP17.50°*** ORON7 MAGN -1,000 3.3000 -330,000 IN 2,000 17.2000 34,400 3,360 TRUST-MD SBI SIRIUS SATELLITE RADIO INC SIRI CASH 1,000 12.1900 12.190 Total Equities& Options $6,888,564 $103,053 TOTAL EQUITIES $6,888,564 $103,053 YOUR TOTAL ESTIMATED ANNUAL INCOME $466,053 YOUR PRICED PORTFOLIOHOLDINGS $18,128,382 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT — TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLICUSP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 06/18/01 06/13/01 BOUGHT JOHNSON JOHNSON JNJ 28,900 STK SPLIT ON 28900 SHS REC 05/22/01 PAY 06/12/01 TOTAL oz? 06/3001 ;23:28 001 vant EFTA00200602

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT a Bear, Stearns Securities Corp Bear, Stearns & Co. Inc. One Metratech Center North 245 Park Avenue Brocklyn, New York 11201-3859 STEARNS —— 10167 6 of? JEFFREY EPSTEIN STATEMENT PERIOD May 26, 2001 THROUGH dune 29, 2001 accowt wuccr TAXPAYER NUMBER On File DEPOSITS AND WITHDRAWALS LAST STATEMENT May 25, 2001 Transaction Detail (continued) DATE TRANSACTION DESCRETION DEBIT AMOUNT CREDIT AMOUNT 06/12/01 FND WIRED 2,000,000.00 ENDS WIRED 10 CITiBANK FROM 2'0060,000:66 F#202051 REPO TODAY CONS RR PUSS WIRE TORN PROT ssonssssansnnnsessensuensannssssstenuueesennuneennasssossanuessennssesennasees iS BOO ‘0625107 FUNDS REC FNDS WIRED TO CITIBANK FROM TOTAL $-2,500,000.00 $13,672,315.31 MONEY FUND ACTIVITY DATE MO/DAY TRANSACTION DESCAIPTION SYMBOUCUSIP QUANTITY PRICE DEBIT AMOUNT CAEDIT AMOUNT 05/26/01 OPENINGBALANCE 0.00 26202K205 17,000,600" 6080" TFG00:500 55 tiatEetit inert CASH 06/29/01 CLOSINGBALANCE 11,000,000 TOTAL $-11,000,000.00 027 06/30/01;23:28 001 vat EFTA00200603

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Con Bear, Stearns & Co. Inc. One Mebane ‘Center ‘eae 245 Park Avenue Brocklyn, New York 11201-3859 STEARN S — i 10167 7 ot? JEFFREY EPSTEIN STATEMENT PERIOG May 26,2001 THROUGH Transaction Detail (continued) June 29, 2001 accout nuvecr TAXPAYER NUMBER On File DIVIDENDS LAST STATEMENT = May 25, 2001 DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE ($) CEBIT AMOUNT CREDIT AMOUNT 06112101 JOHNSON JOHNSON INI 28,900 0.3600 10,404.00 REC 05/22/01 PAY 06/12/01 06/15/01 CROWN AMERICAN REALTY TRUST CWN , 5,000 02100 ‘ "7050.00 REC 06/04/01 PAY 06/15/01 TOTAL $11,454.00 INTEREST DATE CESCRIPTION SYMBOUCUSIP QUANTITY RATE (%} CEBIT AMOUNT CREDIT AMOUNT 06/21/01 _ INTEREST ONCREDIT BALANCE 3.5000 225.39 AT 3 1/2% 05/21 THRU 06/20 TOTAL $225.39 Your messages TS 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, f-™ stop] **e*** End of Statement™***** V/ — 027 06/3001 23:28 001 v4a1 EFTA00200604

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OFFICE SERVICING YOUR ACCOUNT BEAR STEARNS ACCOUNT EXECUTIVE —ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE wew.bearstearns.com What’s In This Statement Financial Summary Your Portfolio Holdings . Transaction Detail ........sesssessesesseeerees Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD* NET CREDIT BALANCE 6,654,435 Bear, Stearns & Co. Inc. 245 Park Avenue New Yi New York 10167 JEFFREY EPSTEIN 358 EL BRILLO WAY PALM BEACH FL 33480-4730 Market Value of Your Portfolio $55,824 Cash & Equivalent $300,347 Equities $6,874,435 $6,825,324 || Current market value 6,795,671 CHANGE SINCE LAST STATEMENT ~85,412 “This portfolio includes one of mom ungriced securties that are not reflected in the Total Value of Securties and the Net Equity This Period NET EQUITY LAST STATEMENT There are no "Stop Loss" orders or other pending buy or sell open orders on file for your account. Ploase mport any difference cr noe-roceigt of checks or stocks, indicated as delivered to you, © Client Senices at 800-624-1428; or write to Clam Services at Bear, Steams Securitios Corp., One Metrolech Center North, Brooklyn, N.Y. 11201-3859, EG] Last statements market value [[) Short market value : $-220,000 : $-330,000 ‘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, o27 08/2601 ;10:08 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steans Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD April 28,2001 May 25,2001 On File April 27,2001 THROUGH ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT 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. va7e8 EFTA00200605

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2 of 6 STATEMENT BACKER IS PRINTED ON THIS PAGE 08/26/01 ;10:08 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN va7e8 EFTA00200606

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BEAR STEARNS 3 of6 Cash Flow Analysis Balance Openi: Funds Deposited Dividends/Interest Amount Cr ited Funds Withdrawn Amount Debited Net Cash Activity Cash Balance Summary Cash 300,346.70 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 Income Summary THis PERIOD THiS PERIOD YEAR TO DATE $300,346.70 Dividends 4,500.00 37,756.47 . Credit Balance Int. 977.44 28,712.36 750,000.00 sess aneneeeeennnenteeeeeasiesannteneesennnentenen sone 5,477.44 Total sazeeueuessssermenerneenee eh $755,477.44 Portfolio Composition Net Cash Balance $300,346.70 SHORT LONG 244,522.56 Cast/Cash Equivalent 55,824 Equities 220,000 6,874,435 -_ d CLOSING 55,824.14 $55,824.14 027 08/26/01 ;10:08 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOO April 28,2001 THROUGH May 25, 2001 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT April 27,2001 Your Portfolio Allocation Cash & Equivalent— <1% Short Equities—, 3% aa es Unshaded portions denote debt balance andicr short market values, The allocation percentage is derived from the absohte market value of your portiatio. va7e EFTA00200607

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 245 Park Avenue STEARNS New York, New York 10167 a 4 of6 Your Portfolio Holdings CASH & CASH EQUIVALENTS WAARKET ESTIMATED DESCRIPTION SYMBOLICUSIP QUANTITY PRICE VALUE ANNUAL INCOME CASH BALANCE 55.824 TOTAL CASH & CASH EQUIVALENTS $55,824 EQUITIES Equities & Options ACCT MARKET ESTIMATED (CURRENT DESCRIPTION SYMBOUCUSIP TPE QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) ALLIED WASTE INDUSTRIES INC AW CASH 50,000 16.9200 846,000 NEW CENTER TR INC CTA CASH 2,000 3.8100 7,620 320 41995 CANHORN CHEMICAL CORP CNCPF CASH 19 Unpriced CROWN AMERICAN REALTY TRUST CWN CASH 5,000 41,500 4,200 10.1205 7 ‘GLINCHER REALTY TRUST-SBI GAT CASH 2,000 16.2900 32,580 3,846 17.8048 HAPT PROPERTIES TA-SBI HRP CASH 10,000 8.9400 89.400 8.000 8.9485 HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 27.5600 55,120 5,600 10.1 397 SBI JOHNSONS JOHNSON JNJ CASH 28,900 97.2500 2,810,525 41,616 1.4807 CALL ORACLE CORP SEP17.50" ORONH7 MRGN -1,000 2.2000 -220,000 EXP 09/22/2001 027 08/26/01 ;10:08 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD THROUGH ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT va7e8 April 28,2001 May 25,2001 On File April 27,2001 EFTA00200608

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 245 Park Avenue STEARNS New York, New York 10167 a 5 of6 Your Portfolio Holdings (continued) Equities & Options (continued) ACCT MARKET ESTIMATED CURRENT DESCRETION SYMBOLICUSIP TPE QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) RAMCO GERSHENSON PROPERTIES RPT CASH 2,000 16.8800 33,760 3,360 9.9526 as SIRIUS SATELLITE RADIO INC SIRI CASH 1,000 15.2700 15,270 Total Equities& Options $6,654,435 $102,973 TOTAL EQUITIES $6,654,435 $102,973 YOUR TOTAL ESTIMATED ANNUAL INCOME $102,973 YOUR PRICED PORTFOLIOHOLDINGS $6,710,259 Transaction Detail DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRETION DEBIT AMOUNT CREDIT AMOUNT 1,000,000.00 08/23/01 FND WIRED TOTAL $-1.000,000.00 $750,000.00 oz? 06/2601 ;10:08 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 JEFFREY EPSTEIN STATEMENT PERIOD April 28,2001 THROUGH May 25, 2001 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT April 27,2001 va7e EFTA00200609

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Con Bear, Stearns & Co. Inc. One Mebane ‘Center ‘eae 245 Park Avenue Brocklyn, New York 11201-3859 STEARNS New York, New York 10167 | Pe JEFFREY EPSTEIN 6 of6 STATEMENT PERIOO April 26,2001 THROUGH Transaction Detail (continued) ACCOUNT NUMBER May 25, 2001 TAXPAYER NUMBER On File DIVIDENDS LAST STATEMENT DATE CESCRIPTION SYMBOUCUSIP QUANTITY RATE ($) OEBIT AMOUNT (CREDIT AMOUNT 04/30/01 = FELCOR LODGING TRUST INC FCH 2,000 0.5500 1,100.00 REC 04/13/01 PAY 04/30/01 SBI REC 04/23/01 PAY 05/24, 05/25/01 HAPT PROPERTIES TR-SBI HAP 10,000 0.2000 2,000.00 REC 04/24/01 PAY 05/25/01 TOTAL $4,500.00 INTEREST DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (%) CEBIT AMOUNT CREDIT AMOUNT 05/21/01 INTEREST ONCREDIT BALANCE 3.5000 175.84 AT 3 1/2% 05/15 THRU 05/20 AT 4,000% 04/21 THRU 05/14 TOTAL $977.44 f—™ (sto } **e*** End of Statement™***** / 027 06/26/01;10:08 001 va7e April 27,2001 EFTA00200610

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 245 Park Avenue STEARNS New York, New York 10167 Pe ACCOUNT EXECUTIVE —ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE — www.bearstearns.com What’s In This Statement Financial Summary 3 Your Portfolio Holdings . 4 Transaction Detail .....sscsseeeeeneres 5 Your Portfolio at a Glance CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOG March 31,2001 THROUGH April 27,2001 accout nuvecr allillulllaldbalolldalldbaldlolalds TAXPAYER NUMBER On File JEFFREY EPSTEIN LAST STATEMENT March 30, 2001 358 EL BRILLO WAY PALM BEACH FL 33480-4730 Market Value of Your Portfolio TOTAL VALUE OF SECURITIES THIS PERIOD* 6,495,324 Cash & Equivalent Bb sony $1,783,013 NET CREDIT BALANCE 300,347 Equities $6,825,324 : $-330,000 . a2 $6,267,468 : $-230,000 NET EQUITY LAST STATEMENT 7,820,481 CHANGE SINCE LAST STATEMENT 1,024,810 “This porticlio includes one or mom ungriced 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. Please report any difference or nomreceipt of checks or 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. | | Current market value ERB] 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 imformation. o27 04/28/01;17:05 001 va7t EFTA00200611

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN 2 of? STATEMENT BACKER IS PRINTED ON THIS PAGE a2? 04/28/01 ;17:05 001 vant EFTA00200612

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BEAR STEARNS 3 of? Cash Flow Analysis Balance Openi: Funds Deposited Dividends/Interest Miscellaneous Amount Credited Funds Withdrawn Amount Debited Net Cash Activity Cash Balance Summary Cash 1,783,012.72 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 Income Summary Net Cash Balance $1,783,012.72 THis PERIOD TS PERIOD YEAR TO DATE $1,783,012.72 Dividends 9,789.41 33,256.47 . Credit Balance Int. 5,199.13 27,734.92 14,988.54 Towel I an Lig 2,091.00 $1,517,333.98 . _ Portfolio Composition -3,000,000.00 SHORT LONG $-3.000.000.00 Cash/Cash Equivalent 300,347 482,666.02 Equities 330,000 6,825,324 Total asessnsesesssssnsereeeanesnteS oe oO eenstenens eee CLOSING 300,346.70 $300,346.70 o27 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD March 31,2001 THROUGH April 27,2001 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT March 30, 2001 Your Portfolio Allocation Cash & Equivalent— 4% Short Equities—, 4% — Equities 92% Unshaded portions denote debt balance andicr short market values, The allocation percentage is derived from the absohte market value of your portiatio. 04/28/01 ;17:05 001 vant EFTA00200613

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 245 Park Avenue STEARNS New York, New York 10167 a 4a? Your Portfolio Holdings CASH & CASH EQUIVALENTS WAARKET ESTIMATED DESCRIPTION SYMBOLICUSIP QUANTITY PRICE VALUE ANNUAL INCOME CASH BALANCE 300.347 TOTAL CASH & CASH EQUIVALENTS $300,347 EQUITIES Equities & Options ACCT MARKET ESTIMATED (CURRENT DESCRIPTION SYMBOUCUSIP TPE QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) ALLIED WASTE INDUSTRIES INC AW CASH 50,000 16.5600 828,000 NEW CENTER TR INC CTA CASH 2,000 3.6000 7,200 320 44444 CANHORN CHEMICAL CORP CNCPF CASH 19 Unpriced CROWN AMERICAN REALTY TRUST CWN CASH 5,000 35,000 4,200 12.0000 ‘GLINCHER REALTY TRUST-SBI GAT CASH 2,000 15.4400 30,880 3,846 12.4547 HAPT PROPERTIES TA-SBI HRP CASH 10,000 8.7900 87,900 8.000 9.1013 HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 26.2500 52,500 5,600 10.6667 SBI JOHNSONS JOHNSON JNJ CASH 28,900 95.3800 2,756,482 36,992 1.3420 CALL ORACLE CORP SEP17.50" OARQI17 MRGN -1,000 3.3000 -330,000 EXP 09/22/2001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD THROUGH ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT 027 04/28/01 ;17:05 001 March 31,2001 April 27,2001 On File March 30, 2001 vant EFTA00200614

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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 245 Park Avenue Brocklyn, New York 11201-3859 STEARNS New York, New York 10167 | Pe JEFFREY EPSTEIN 5 of? STATEMENT PERIOD THROUGH Your Portfolio Holdings (continued) ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT Equities & Options (continued) ACCT MARKET ESTIMATED CURRENT DESCRETION SYMBOLICUSIP TPE QUANTITY PRICE VALUE ANNUAL INCOME YELD 1%} RAMCO GERSHENSON PROPERTIES RPT CASH 2,000 14.9000 29,800 3,360 11.2752 as SIRIUS SATELLITE RADIO INC SIRI CASH 1,000 9.8600 9,860 Total Equities& Options $6,495,324 $98,349 TOTAL EQUITIES $6,495,324 $98,349 YOUR TOTAL ESTIMATED ANNUAL INCOME $98,349 YOUR PRICED PORTFOLIOHOLDINGS $6,795,670 Transaction Detail DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRETION DEBIT AMOUNT CREDIT AMOUNT 04/12/01 FND WIRED FNDS WIRED TO 3,000,000.00 BK & TR CO FO#O6427 G FROM CTC SEABIRDS REE SRE TS SR eae ia UTSLER BER ENDS WIRES FS RIC Bremen O27 04/28/01 ;:17:05 001 March 31,2001 April 27,2001 On File March 30, 2001 vert EFTA00200615

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North 245 Park Avenue Brocklyn, New York 11201-3859 STEARN S — i 10167 6 of? JEFFREY EPSTEIN STATEMENT PERIOD March 31,2001 THROUGH April 27,2001 Transaction Detail (continued) accouvt xumcce TAXPAYER NUMBER On File DEPOSITS AND WITHDRAWALS (continued) LAST STATEMENT = March 30, 2001 DATE TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 04/18/01 FUNDS REC ENDS WIRED TO CITIBANK FROM 231.39 TOTAL $-3.000,000.00 $1.500,254.44 DIVIDENDS DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE ($) CERT AMOUNT CAEDIT AMOUNT 04/02/01 BANK ONE COAP ONE 30,561 0.2100 6,417.81 REC 03/15/01 PAY 04/01/01 ea enemas mcreeeeaeenenssecennrecnnnennareneasesrecnnenennrennenseenareenenee REC 04/01/01 PAY 04/16/01 O46 OT GLIMCHER REALTY TRUST Ser” REC 03/30/01 PAY 04/16/01 20007" "64260 oaeior” 2000 PERTIES AET 2000 CTA 2000" .0400 80.00 REC 03/29/01 PAY 04/20/01 TOTAL $9,789.41 INTEREST DATE CESCRIPTION SYMBOUCUSIF QUANTITY RATE (%) CEBIT AMOUNT CREDIT AMOUNT 04/23/01 INTEREST ONCREDIT BALANCE 4.0000 98.22 AT 4.000% 04/18 THRU 04/20 a2? 04/28/01 ;:17:05 001 vant EFTA00200616

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 Transaction Detail (continued) INTEREST (continued) CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 JEFFREY EPSTEIN STATEMENT PERIOD March 31,2001 THROUGH April 27,2001 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT March 30, 2001 DATE CESCRIPTION SYMBOUCUSIP QUANTITY RATE (%) OEBIT AMOUNT (CREDIT AMOUNT 04/23/01 INTEREST ONCREDIT BALANCE 4.5000 5,100.91 AT 4 1/2% 03/21 THRU 04/17 TOTAL $5,199.13 MISCELLANEOUS DATE MavDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 04/02/01 JOURNAL FROM | 2,091.00 LOA TOTAL $2,091.00 f——™, stop] **e*** End of Statement™** V/ 027 04/28/01 ;17:05 001 va7t EFTA00200617

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BEAR STEARNS ACCOUNT EXECUTIVE —ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE wew.bearstearns.com What’s In This Statement Financial Summary Your Portfolio Holdings . Transaction Detail ......s.sesseesseresseesrees Your Me@SSage@S sisssssssssesesersaaciane OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 oun fr Ww Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD* NET CREDIT BALANCE NET EQUITY LAST STATEMENT CHANGE SINCE LAST STATEMENT “This perttolio indudes one or more unpriced sccurties that 6,037,468 1,783,013 7,993,282 -172,801 aro not refected 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 noe-roceigt of checks or stocks, indicated as delivered to yeu, © Client Senices at 800-624-1428; or write to Clam Services at Bear, Steams Securities Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3869. JEFFREY EPSTEIN 358 EL BRILLO WAY PALM BEACH FL 33480-4730 Market Value of Your Portfolio $1,783,013 Gash & Equant ell $1,970,319 Equities $6,267,468 = $-230,000 $6,057,463 : $-34,500 || Current market value $B] Last statements market value [Short market value This summary i for informational purposes only. It Is mot intended as a tax document CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steans Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD February 24,2001 March 30, 2001 account sumccr roxaver numer February 23,2001 THROUGH LAST STATEMENT Important Notice Decimal Trading is Here for Nasdaq! Decimal Trading is the shift from fractional pricing {e.9.21 1/2) to decimal pricing (e.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. For details, visit our website at wwew.bearstearns. com. ‘This statemem should be retained for your records. See reverse side for important information. a2? 04/31/01 ;17:01 001 V466 EFTA00200618

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN 2 of8 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 04/31/01;17:01 001 v466 EFTA00200619

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 245 Park Avenue STEARNS New York, New York 10167 a Cash Flow Analysis Income Summary THIS PERIOD THIS PERIOD YEAR TO DATE OpeningBalance $1,970,318.90 Dividends 10,285.50 23,467.06 . Credit Balance Int. 5,070.42 22,535.79 Securities Sold 1,581,539.40 sees aeneeeneneueeseeeenensessauseuneneneenenennene cee wonveonseese:: — Funds Deposited 1,000,000.00 TOR caseeesesesserneeneeneens UOT oo ce nnesneen oo Oe 85 Dividends/Interest 15,355.92 Amount Credited $2,596 895.32 . _ Portfolio Composition Securities Bought -1,784,201.50 SHORT LONG Miscellaneous -1,000,000.00 CashiCash Equivalent 1,783,013 gy culties 230.000 6267 468 Net Cash Activity -187,306.18 Total $230,000 $8,050,481 Same day ransiers of cash between account types are not included in this section, such transfers, as well as details for all offer transactions ts penod, appear in Transaction Detail. Cash Balance Summary OPENING CLOSING Cash 1,970,318.90 —-1,783,012.72 Net Cash Balance $1.970,318.90 $1,783,012.72 o27 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN 3 of8 STATEMENT PERIOD February 24,2001 THROUGH March 30,2001 accowt wuccr taxpayer nuvecr LAST STATEMENT February 23,2001 Your Portfolio Allocation Cash & Equivalent 22% Short Equities{———___ 2% Equities 76% Unshaded portions denote debt batance andicr short market values. The alocation percentage is derived from the absohte market value of your portloio, 04/31/01;17:01 001 v466 EFTA00200620

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 BEAR STEARNS 4 of8 Your Portfolio Holdings CASH & CASH EQUIVALENTS NAARKET VALUE 1.783.013 $1,783,013 ESTIMATED DESCRIPTION SYMBOLICUSIP QUANTITY PRICE ANNUAL INCOME CASH BALANCE TOTAL CASH & CASH EQUIVALENTS EQUITIES Equities & Options ACCT MARKET TYPE QUANTITY VALUE CASH 50,000 ESTIMATED SYMBOUCUSIP ANNUAL INCOME AW DESCRIPTION ALLIED WASTE INDUSTRIES INC NEW BANK ONE CORP 784,000 CENTER TR INC CTA CASH CANHORN CHEMICAL CORP CNCPF CASH CROWN AMERICAN REALTY TRUST CWN FELCOR LODGING TRUST INC FCH GLENBOROUGH REALTY TRUST INC GLB CASH GAT CASH 320 33,750 45,900 34,800 30,220 22/9500 17.4000 15.1100 GLIMCHER REALTY TRUST-SBI 04/31/01 ;17:01 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD February 24,2001 March 30, 2001 account suvccr roxpaver numer February 23.2001 THROUGH LAST STATEMENT v466 EFTA00200621

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metrotech Center North BEAR 245 Park Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10167 | JEFFREY EPSTEIN 5 of6 STATEMENT PERIOD February 24,2001 THROUGH March 30,2001 Your Portfolio Holdings (continued) account numccr = noaver nance LAST STATEMENT February 23,2001 Equities & Options (continued) ACCT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOLICUSIP TYPE QUANTITY PRICE VALUE __ ANNUAL INCOME YELD (%) RAMCO GERSHENSON PROPERTIES RPT CASH 2,000 14.6500 29,300 3,360 11.4676 SIRIUS SATELLITE RADIO INC SIRI CASH 1,000 12.4380 12.438 Total Equities& Options $6,037,468 $98,299 TOTAL EQUITIES $6,037,468 $98,299 YOUR TOTAL ESTIMATED ANNUAL INCOME $98,299 YOUR PRICED PORTFOLIOHOLDINGS $7,820,480 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 03/05/01 03/02/01 SOLD CALL ORACLE CORP SEP17.50"*** QORQI7 -1,000 4.25000 421,483.33 EXP 09/22/2001 UNSOLICITED WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE O27 04/31/01;17:01 001 v466 EFTA00200622

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North 245 Park Avenue Brocklyn, New York 11201-3859 STEARNS New York, New York 10167 | Pe JEFFREY EPSTEIN 6 of8 , STATEMENT PERIOD February 24,2001 THROUGH March 30,2001 Transaction Detail (continued) accouvt xumccr | Taxpayer numecr INVESTMENT ACTIVITY (continued) LAST STATEMENT —- February 23, 2001 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT GREOIT AMOUNT 03/09/01 JOURNAL CALL ABERCROMBIE& MAR 030**** 002896964 1 EXP 03/17/2001 AVE QANFC30 ASSIGNED 00006 ‘SHORT, AE QANEC3O 1 ASSIGNED AS OF 03/09/01 ABERCROMBIE & FITCH CO-CLA ANF -100 3,199.00 TO CLOSE BOX POS JOURNAL FROM TYPE 1 TOS JOURNAL CALL ABERCROMBIE& MAR 030 EXP 03/17/2001 AVE QANFC30 ASSIGNED 00092 ABERCROMBIE “aS FITCH CO-ClA” ‘ANF 100 3:193°00"" TO CLOSE BOX POS JOURNAL FROM TYPE 1 TO 5 ABERCROMBIE E FITCH CO-CLA A’E QANFC30 299 ASSIGNED SOLD ABERCROMBIE & FITCH CO-CLA ANF -7,978 32.36110 257,689.57 UNSOLICITED TOTAL $-1,784,201.50 $1,581,539.40 SVT GHOST OR TSIG4 oosesesca”” osiisiot™ “33/300 30.60006 896 23070 osistior™ 03/22/01 DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRPTION DEBIT AMOUNT CREDIT AMOUNT 03/12/01 FUNDS REC ENDS WIRED TO CITIBANK FROM 1,000,000.00 TOTAL $1,000.000.00 O27 04/31/01 ;17:01 O01 v466 EFTA00200623

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Cor Bear, Stearns & Co. Inc. One Mebane ‘Center Non 245 Park Avenue Brocklyn, New York 11201-3859 STEARN S — i 10167 7 of6 JEFFREY EPSTEIN STATEMENT PERIOD February 24,2001 THROUGH Transaction Detail (continued) ACCOUNT NUMBER March 30, 2001 Taxpayer Nuecr February 23,2001 DIVIDENDS LAST STATEMENT DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (8) DEBIT AMOUNT CREDIT AMOUNT 03/13/01 JOHNSON& JOHNSON JNJ 28,900 0.3200 9,248.00 REC 02/20/01 PAY 03/13/01 03/16/01 CROWN AMERICAN REALTY TAUST CwN 5.000 0.2075 {1037.50 REC 03/05/01 PAY 03/16/01 TOTAL $10,285.50 INTEREST DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (Se) CEBIT AMOUNT CREDIT AMOUNT 03/21/01 INTEREST ONCREDIT BALANCE 4.5000 78.00 AT 4 1/2% 03/20 THRU 03/20 INTEREST ON CREDIT BALANCE 5.0000 4,992.42 AT 5.000% 02/21 THRU 03/19 TOTAL $5,070.42 MISCELLANEOUS MorDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 03/05/01 JOURNAL JOURNAL FROM TYPE 110 2 1,359,519.17 BOOT OUR nC ERO RE TIO “JOUANAT JOURNAL FROM TYRE 776 3 meee 359, 519.17 Ost WOURNAT JOURNAL FROM TYRE 776 3 610;799-:74 JOURNAL JOURNAL FROM TYPE 1102 389,200.27 O27 00/31/01 ;17:01 001 v466 EFTA00200624

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 245 Park Avenue STEARN S — i 10167 Transaction Detail (continued) MISCELLANEOUS (continued) DATE MODAY TRANSACTION DESCRIPTION 03; 1 JOURNAL JOURNAL FROM TYPE 1TO5 03/20/01 JOURNAL JOURNAL FROM TYPE 1T05 TOTAL Your messages 1 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, stop] **e*** End of Statement™***** \/ DEBIT AMOUNT CREDIT AMOUNT 251.60 "351.60 $-3.359,770.77 $2,359,770.77 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD February 24,2001 THROUGH March 30,2001 accowt wuccr | LAST STATEMENT February 23,2001 04/31/01 ;17:01 O01 v466 EFTA00200625

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OFFICE SERVICING YOUR ACCOUNT BEAR STEARNS ACCOUNT EXECUTIVE —ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE What’s In This Statement www.bearstearns.com Financial Summary Your Portfolio Holdings . Transaction Detail ........sessessseresseeerees Your M@SSAGES si ssssssssrenesssnesssnsveeseensens oun f Ww Your Portfolio at a Glance 6,022,963 1,970,319 TOTAL VALUE OF SECURITIES THIS PERIOD* NET CREDIT BALANCE NET EQUITY THIS PERIOD NET EQUITY LAST STATEMENT $7,993,282 10,328,675 CHANGE SINCE LAST STATEMENT -2,335,393 “This portfolio indudes one or more unpriced wecurties 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. Please report any difference or nomreceipt 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. 11201-3859. Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 JEFFREY EPSTEIN 358 EL BRILLO WAY PALM BEACH FL 33480-4730 Market Value of Your Portfolio 970,319 Gash & coon — 5 $3,014,704 Equities $6,057.463 : $-34,500 $8,538,471 fe23] Current market value ERB] Last statements market value ([] Short market value CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD January 27,2001 February 23,2001 account suvccr raxpaver numcn January 26, 2001 THROUGH LAST STATEMENT : $1,224,500 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. o27 02/24/01;20:42 001 EFTA00200626

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2 of9 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 JEFFREY EPSTEIN 02/24/01;20:42 001 EFTA00200627

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR STEARNS 3 of9 245 Park Avenue Cash Flow Analysis THIS PERIOD OpeningBalance $3,014,703.74 Securities Sold 9,196,568.28 Funds Deposited 2,206,841.99 Dividends/Interest 16,935.39 Amount Credited $11,420,345.66 Securities Bought -7,464,730.50 Funds Withdrawn -5,000.000.00 Amount Debited Net Cash Activity $-12,464,730.50 Same day transfers of cath between account types are mot inchuded in this section; such transfers, as well as details for all other transactions tis period, appear in Transaction Detail. New York, New York 10167 Cash Balance Summary OPENING CLOSING Cash -28.98 1,970,318.90 Margin 3,014,732.72 0.00 Net Cash Balance $3,014.703.74 $1,970,318.90 Income Summary THS PERIOD YEAR TO DATE Dividends 5,503.75 13,181.56 Credit Balance Int. 10,331.64 17,465.37 NOt ereeeete een EEO ___ $30,646.93 Portfolio Composition SHOAT LONG Cash/Cash Equivalent 1,970,319 Equities 34,500 6,057,463 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD January 27,2001 THROUGH February 23,2001 account suvccr roxpaver numer LAST STATEMENT January 26, 2001 Your Portfolio Allocation Cash & Equivalent 24% Short Equities <1% Equities 75% Unshaded portions denote debt batance andicr short market values. The alocation percentage is derived from the absohte market value of your portloio, 02/24/01,20:42 001 EFTA00200628

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 245 Park Avenue STEARNS New York, New York 10167 a 4 a9 Your Portfolio Holdings CASH & CASH EQUIVALENTS WAARKET ESTIMATED DESCRIPTION SYMBOLICUSIP QUANTITY PRICE VALUE ANNUAL INCOME CASH BALANCE 1.970.319 TOTAL CASH & CASH EQUIVALENTS $1,970,319 EQUITIES Equities & Options ACCT MARKET ESTIMATED CURRENT DESCRIETION ‘SYMBOUCUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YIELD (%) ABERCROMBIE & FITCH CO-CLA ANF CASH 37,978 28.2100 1,071,359 CALL ABERCROMBIE& MAR 030**** ANFC30 CASH -300 1.1500 -34,500 EXP ALLIED WASTE INDUSTRIES INC AW CASH 50,000 16.0000 800,000 NEW BANK ONE CORP ONE CASH CENTER TR INC CTA CASH CASH CROWN AMERICAN REALTY TRUST CWN CASH FELCOR LODGING TRUST INC FCH CASH 2,000 23.7000 47,400 4,400 9.2827 33,450 4,150 12.4066 GLENBOROUGH REALTY TRUST INC GLB CASH 2,000 18.7000 37,400 3,360 8.9840 28,160 GLIMCHER REALTY TRUST-SBI GAT CASH 2,000 HRPT PROPERTIES TA-SBI HRP CASH HOSPITALITY PROPERTIES TRUST HPT CASH 25.7000 51,400 5,600 10.8949 JOHNSONS JOHNSON JNJ CASH 28,900 95.4900 2,759,661 36,992 1.3405 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD January 27,2001 THROUGH February 23,2001 account suvccr roxpaver numer LAST STATEMENT January 26, 2001 02/24/01,20:42 001 EFTA00200629

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 BEAR STEARNS 5 of9 Your Portfolio Holdings (continued) Equities & Options (continued) ACCT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TYRE QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) KRAMONT REALTY TRUST KRT CASH 10.4000 2,600 12.5000 RAMCO GERSHENSON PROPERTIES RPT CASH 14.2500 3,360 11.7895 TRUST-MD SBI SIRIUS SATELLITE RADIO INC SIRI CASH 23.8130 Total Equities& Options $6.022.963 $99,659 TOTAL EQUITIES $6.022.963 $99,659 YOUR TOTAL ESTIMATED ANNUAL INCOME $99,659 YOUR PRICED PORTFOLIOHOLDINGS $7,993,281 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOLCUSIP QUANTITY PRICE 01/29/01 01/26/01 SOLD CALL ABERCROMBIE& MAR 030**** QANFC30 -300 2.37500 EXP 03/17/2001 UNSOLICITED OPEN CONTRACT ane JOURNAL FROM TYPE 1 TO 2 oresier JOURNAL BANK ONE GORE 30.587 JOURNAL FROM TYPE 1 TO 2 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOO January 27,2001 February 23,2001 account suvccr Twpaver nuvocr January 26, 2001 THROUGH LAST STATEMENT DEBIT AMOUNT 02/24/01,20:42 001 EFTA00200630 CREDIT AMOUNT 70,195.12

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. Inc. ne Metratech Center North BEAR 245 Park Avenue Brooklyn, New York 11201-3859 STEARNS New York, New York 10167 | | JEFFREY EPSTEIN 6 of9 STATEMENT PERIOD January 27,2001 THROUGH February 23,2001 Transaction Detail (continued) accouvt xumccr | Taxpayer numecr INVESTMENT ACTIVITY (continued) LAST STATEMENT January 26, 2001 SETTLEMENT = TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 01/30/01 01/25/01 BOUGHT BEAR STEARNS COMPANIES INC BSC 50,000 60.79000 3,042,502.50 UNSOLICITED AS OF 01/25/01 EXP 02/17/2001 UNSOLICITED CLOSING CONTRACT OSOTT OTB80T BOUGHT BEAR STEAANS COMPANIES INC BSC 14,500 63.74666 $35;198:20" UNSOLICITED 62/08/04 JOURNAT ALLIED WASTE INDUSTRIES INC NEW JOURNAL FROM TYPE 2 TO 1 02/08/01 JOURNAL ALLIED WASTE INDUSTRIES INC AW “50,000 NEW JOURNAL FROM TYPE 2 TO 1 osisoi07"" JOURNAT CALT BEAR STEARNS FEB O55 EXP 02/17/2001 A/E QBSCBK ASSIGNED 00327 osstiet” EXPIRED CAL BANK ONE CP FEB'S37'5 EXP 02/17/2001 CALC MERRIL LYNCH FEB 085 EXP 02/17/2001 eveennene ose nennnnnnvnng ys tnennenneeg i aanennnnenne ys pptnenneannnnnnnnnen AVE OBSCBK 1660 ASSIGNED AS OF 02/20/01 SHORT, AVE OBSCBK 1660 ASSIGNED JOURNAL FROM TYPE 2 TO 1 JOURNAL FROM TYPE 2 TO 1 o27 02/24/01;20:42 001 EFTA00200631

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 245 Park Avenue STEARNS New York, New York 10167 a 7 of9 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 JEFFREY EPSTEIN STATEMENT PERIOD January 27,2001 THROUGH February 23,2001 account numccr teaver wwocr LAST STATEMENT January 26, 2001 DATE OATE TRANSACTION OESCRIPTION SYMBOLICUSIP QUANTITY DEBIT AMOUNT CREDIT AMOUNT 02/23/01 02/20/01 BOUGHT BEAR STEARNS COMPANIES ING BSC 60,500 3,481,027.30 UNSOLICITED COVER SHOAT, TOTAL $-7,464,730.50 $9,196,568.28 DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRETION DEBIT AMOUNT CREDIT AMOUNT 01/29/01 FUNDS REG FNDS WIRED TO CITIBANK FROM 2,000,000.00 On/T3I07 FUNDS REC ENDS WIRED TO CITIBANK FROM a — FRB WIRE "BA MBO! PALM ii NATL i a TB in FND WIRED MOAB MGOS 1 G4ENOS WIRED To 3,000,000.00 TOTAL $-5,000,000.00 $2,206,841.99 DIVIDENDS DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE ($) EBT AMOUNT 01/31/01 BEAR STEARNS COMPANIES INC BSC 14,025 0.1500 REC 01/17/01 PAY 01/31/01 CAEDIT AMOUNT 2,103.75 02/24/01,20:42 001 EFTA00200632

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Con Bear, Stearns & Co. Inc. One Mebane ‘Center ‘eae 245 Park Avenue Brocklyn, New York 11201-3859 STEARN S — i 10167 8 os JEFFREY EPSTEIN STATEMENT PERIOD January 27,2001 THROUGH Transaction Detail (continued) ACCOUNT NUMBER February 23,2001 Taxpayer Nuecr DIVIDENDS (continued) LAST STATEMENT DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (8) DEBIT AMOUNT CREDIT AMOUNT 01/31/01 FELCOR LODGING TRUST INC FCH 2,000 1,100.00 REC 12/29/00 PAY 01/31/01 AMOUNT INCLUDED ON 2000-1099 OSTTSIOT HOSA BORER TES PRU BS aS ER OOE ri remarremaceeaeeceeaneraeasnctai i FEC 01/19/01 PAY 02/16/01 “TiAPT PROPERTIES TA-SBI REC 01/24/01 PAY 02/23/01 TOTAL $6,603.75 o2i2a01 {0,000°°""6'3000" 2,000.00 INTEREST DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (%) CEBIT AMOUNT CREDIT AMOUNT 02/21/01 INTEREST ONCREDIT BALANCE 5.0000 3,609.19 AT 5.000% 01/31 THRU 02/20 "INTEREST ON CREDIT BALANCE AT 5 1/2% 01/21 THRU 01/30 TOTAL $10,331.64 5.5000 6722.45 TRANSACTION DESCRIPTION DEBT AMOUNT CREOIT AMOUNT JOURNAL JOURNAL FROM TYPE 110 2 70,166.14 o2i0801 JOUANAT JOURNAL FROM TYPE 1702 96,700.59 January 26, 2001 027 02/24/01,20:42 001 EFTA00200633

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 BEAR STEARNS 9 of9 Transaction Detail (continued) MISCELLANEOUS (continued) CREDIT AMOUNT 5,800,194.08 TRANSACTION DESCRIPTION JOURNAL JOURNAL FROM TYPE 2 TO 1 DEBIT AMOUNT S:800-1394.08""" $6.921.909.03 TOTAL $-6.921,909.03 Your messages 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, /—™ STOP] ****** Endof Statement"***** \_/ — ro 27 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOO January 27,2001 THROUGH February 23,2001 account suvccr Twpaver nuvocr LAST STATEMENT January 26, 2001 02/24/01:20:42 001 EFTA00200634

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OFFICE SERVICING YOUR ACCOUNT BEAR STEARNS ACCOUNT EXECUTIVE —ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE = www.bearstearns.com What’s In This Statement Financial Summary 3 Your Portfolio Holdings . 4 Transaction Detail .....usssseeeenees 6 Trades Not Yet Settled wuss 10 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD* 7,313,971 NET CREDIT BALANCE 3,014,704 NET EQUITY THIS PERIOD $10,328,675 NET EQUITY LAST STATEMENT 12,165,196 1,836,521 "This pertfclio indudes one of mor unpriced securties that are not reflected in the Total Value of Seourties and the Not Equity This Period CHANGE SINCE LAST STATEMENT There are no "Stop Loss’ orders or other pending buy or sell open orders on file for your account. Ploase mport any difference cr noe-roceigt of checks or stocks, indicated as delivered to you, © Client Senices at 800-624-1428; or write to Clam Services at Bear, Steams Scuritios Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3659. Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 JEFFREY EPSTEIN 358 EL BRILLO WAY PALM BEACH FL 33480-4730 Market Value of Your Portfolio $3,014,704 Cash & Equivalent $303,229 Equities $8,538,471 : $-1,224,500 $12,471,395 : $609,428 | | Current market value $B] Last statements market value ([] Short market value CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIKOO December 30,2000 January 26, 2001 account sumccr roxaver numer December 29, 2000 THROUGH LAST STATEMENT Important Message Decimal Trading is Coming! Decimal Trading is the shift from fractional pricing {e.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. For details, visit our website at www.bearstearns.com. This summary bs 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 o27 01/27/01;13:44 001 EFTA00200635

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2 of 0 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 JEFFREY EPSTEIN 0127/01;13:44 001 EFTA00200636

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 245 Park Avenue STEARNS New York, New York 10167 a 3 of 10 Cash Flow Analysis Cash Balance Summary THIS PERIOD OPENING CLOSING OpeningBalance $303,228.64 Cash 6,048.78 -28.98 Securities Sold 11,.985,177.24 Margin 297,179.86 —3,014,732.72 Funds Deposited 14,050,606.85 Net Cash Balance $303,228.64 $3,014,703.74 Dividends/Interest 17,263.14 sess aneneneeensuuaneenseessesanentaneeseenneneees siete . — Amount Credited $26,042,276.23 Securities Bought -7,830,801.13 Income Summary Funds Withdrawn -15,500,000.00 —$— Ss PERIOD EAR TO DATE, sessseueensenssss ausneenneensanenseneess catnneanennsanennensenss see Dividends 7,257.81 7,677.81 Amount Debited $-23,330,801.13 Credit Balance Int. 7,193.73 Total $14,391.54 $14,811.54 Net Cash Activity 2,711,475.10 Same day transfers of cath between account types are mot inchuded in this section; such transfers, as well as details for all other transactions tis period, appear in Transaction Detail. Portfolio Composition SHOAT LONG Cash/Cash Equivalent 3,014,704 Equities 1,224,500 8,538,471 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERKOO December 30,2000 THROUGH January 26, 2001 account suvccr roxpaver numer LAST STATEMENT December 29, 2000 Your Portfolio Allocation Cash & Equivalent 24% Short caste 9% Equities 67% Unshaded portions denote debt batance andicr short market values. The alocation percentage is derived from the absohte market value of your portloio, 01/27/01,13:44 001 EFTA00200637

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 245 Park Avenue STEARNS New York, New York 10167 a 400 Your Portfolio Holdings CASH & CASH EQUIVALENTS NAARKET ESTIMATED DESCRIPTION SYMBOLICUSIP QUANTITY PRICE VALUE ANNUAL INCOME CASH BALANCE 3.014.704 TOTAL CASH & CASH EQUIVALENTS $3,014,704 EQUITIES Equities & Options ACCT MARKET ESTIMATED CURRENT DESCRIETION ‘SYMBOUCUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YIELD (%) ABERCROMBIE & FITCH CO-CLA ANF CASH 37,978 27.2500 1,034,901 ALLIED WASTE INDUSTRIES INC AW MAGN 50,000 15.8130 790,650 NEW BANK ONE CORP ONE CASH 30,561 39.3130 1,201,445 25,671 2.1367 CALL BANK ONE CP FEB 37.5**** ONEB37 MAGN -150 2.5000 -37,500 0.9887 BEAR STEARNS COMPANIES INC BSC MAGN 41,000 60.6880 2,488,208 24,600 BSCBK MAGN 660 7.0000 -1,162,000 CANHORN CHEMICAL CORP CNCPF CASH 19 Unpriced CROWN AMERICAN REALTY TRUST CWN CASH 5,000 6.0630 30,315 4,150 13.6896 FELCOR LODGING TRUST INC FCH CASH 23.4380 GLENBOROUGH REALTY TRUST INC GLB CASH 18.8130 37,626 3,360 8.9300 GLIMCHER REALTY TRUST-SBI GAT CASH 2,000 14.0630 28,126 3,846 13.6742 8,000 10.0000 HAPT PROPERTIES TR-SBI HRP CASH CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERKOO December 30,2000 THROUGH January 26, 2001 account suvccr roxpaver numer LAST STATEMENT December 29, 2000 01/27/01,13:44 001 EFTA00200638

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. BEAR 245 Park Avenue STEARNS New York, New York 10167 a 5 of 0 Your Portfolio Holdings (continued) Equities & Options (continued) ACCT MARKET DESCRETION SYMBOLICUSIP TPE QUANTITY PRICE VALUE HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 25.1250 50,250 JOHNSON & JOHNSON JNJ CASH 28,900 91.9380 2,657,008 KRAMONT REALTY TRUST KAT CASH 2,000 10.4380 20,876 CALL MERRIL LYNCH FEB 085**** JMABBS MAGN -1,000 0.2500 -25,000 ESTIMATED CURRENT ANNUAL INCOME YELD ('} 5,600 11.1443 36,992 1.3922 2,600 12.4545 RAMCO GERSHENSON PROPERTIES RPT CASH 3,360 11.8410 TRUST-MD SBI SIRIUS SATELLITE RADIO INC SIRI CASH 1,000 31.9380 31,938 Total Equities& Options $7,313,971 $124,259 TOTAL EQUITIES $7,313,971 $124,259 YOUR TOTAL ESTIMATED ANNUAL INCOME $124,259 YOUR PRICED PORTFOLIOHOLDINGS $10,328,674 027 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOG December 30,2000 THROUGH January 26, 2001 account suvccr Twpaver nuvocr LAST STATEMENT December 29, 2000 01/27/01;13:44 001 EFTA00200639

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, 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 | | JEFFREY EPSTEIN 6 of 0 , STATEMENT PERKOO December 30,2000 THROUGH January 26, 2001 Transaction Detail — ACCOUNT NUMBER Taxpayer numecr INVESTMENT ACTIVITY LAST STATEMENT December 29, 2000 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT GREOIT AMOUNT 01/08/01 01/05/01 SOLD CALL BANK ONE CP FEB 37.5**** QONEB37 -150 2.56250 37,908.71 EXP 02/17/2001 UNSOLICITED OPEN CONTRACT OOF OTT BOUGHT CALC MERRIL LYNCH FEB 075 **** GiMAB7S 1,000 4.62500 466,002.50 — EXP 02/17/2001 OPEN CONTRACT EXP 02/17/2001 EXP 01/20/2001 AJEQBSCAJ ASSIGNED 00022 BOUGHT SIRIUS SATELLITE RADIO INC SIAl 1,000 33.06000 33,062.50 UNSOLICITED WE MAKE A MKT IN THIS SECURITY REPORTED PRICE 33,000000 DIFFERENCE + 0,060000 01/17/01 01/12/01 SOLD BEAR STEARNS COMPANIES INC BSC "174,600 50.00000 5,728,660.50 NEQBSCA) 1146 ASSIGNED 01/22/01 01/19/01 SOLD CALL BEAR STEARNS FEB 055 ~* EXP 02/17/2001 UNSOLICITED OPEN CONTRACT 01/22/01 01/19/01 BOUGHT CALL BEAR STEARNS JAN O55CBOE 0739029A8 1,660 2.56250 431,187.50 EXP 01/20/2001 UNSOLICITED CLOSING CONTRACT OTT OTT OBSCBK -1,660 4.75000 782,661.21 EXP 01/20/2001 UNSOLICITED OPEN CONTRACT 01/22/01 JOURNAL CALL BEAR STEARNS JAN OSOCBOE 073902948 EXP 01/20/2001 AE QBSCAJ ASSIGNED 00633 o27 0127/01;13:44 001 EFTA00200640

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 BEAR STEARNS 7 of 0 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT = TRADE DATE OATE 01/23/01 TRANSACTION JOURNAL DESCRIPTION BEAR STEARNS COMPANIES INC JOURNAL FROM TYPE 1 TO 2 CALL BEAR STEARNS FEB 055*** EXP 02/17/2001 JOURNAL FROM TYPE 2 TO 1 BEAR STEAAINS COMPANIES ING JOURNAL FROM TYPE 1 TO 2 01/23/01 JOURNAL CALL BEAR STEARNS FEB 055~ EXP 02/17/2001 JOURNAL FROM TYPE 2 TO 1 SYMBOLICUSIP BSC 01/23/01 JOURNAL OBSCBK 01/23/01 OBSCBK CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOG December 30,2000 January 26, 2001 account suvccr noaver nance December 29, 2000 THROUGH LAST STATEMENT QUANTITY -119,875 PRICE DEBIT AMOUNT CREDIT AMOUNT 1,660 119,875 -1,660 UNSOLICITED SOLD BEAR STEARNS COMPANIES INC AVE OBSCAJ 929 ASSIGNED ‘BOUGHT BEAR STEARNS COMPANIES ING UNSOLICITED CALL MERRIL LYNCH FEB 075 EXP 02/17/2001 UNSOLICITED OPEN CONTRACT BSC BSC 01/26/01 QJMAB75 01/26/01 ALLIED WASTE INDUSTRIES INC NEW JOURNAL FROM TYPE 1 TO 2 01/26/01 JOURNAL ALLIED WASTE INDUSTRIES INC AW NEW JOURNAL FROM TYPE 1 TO 2 -92,900 0.00000 4,643,913.66 41,000 58.71550 2,409,798.00 -1,000 3.37500 333,986.25 “50,000 50,000 TOTAL $-7,830,801.13 $11,985.177.24 o27 01/27/01,13:44 001 EFTA00200641

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Soar, Stewme Securities Co Y ni vurities "D Bear, Stearns & Co. Inc. One Metratech Center North 245 Park Avenue Brocklyn, New York 11201-3859 Le STEARNS New York, New York 10167 | JEFFREY EPSTEIN 8 of 0 . STATEMENT PERIOD December 30, 2000 THROUGH January 26, 2001 Transaction Detail (continued) accouvt xumccr | TAXPAYER NUMBER ; DEPOSITS AND WITHDRAWALS LAST STATEMENT December 29, 2000 DATE TRANSACTION DESCRETION DEBIT AMOUNT CREDIT AMOUNT 01/12/01 FUNDS REC ENDS WIRED TO CITIBANK FROM 200,000.00 0 48/04 FUNDS REC ENDS WIRED TO CITIBANK FROM 6,368,470.6 FUNDS REC ENDS WIRED TO CITRANK FROM 7,471 ,365.24 — i Se To 14,000,000.00 01/25/01 FND WIRED MDA#MB035767FNDS WIRED TO 1,500,000.00 PALM BEACH NATL BK & TR TOTAL $-15,500,000.00 $14,039,835.85 DIVIDENDS DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (8) CEBIT AMOUNT CREDIT AMOUNT 01/02/01 BANK ONE CORP ONE 30,561 0.2100 REC 12/15/00 PAY O01 6,417.81 REC 01/01/01 PAY 01/15/01 REC 12/29/00 PAY 01/15/01 AMOUNT INCLUDED ON 2000-1099 ATES APT 2/000 "RANICO GERSHENSON BRI TRUST-MD SBI REC 12/31/00 PAY 01/16/01 AMOUNT INCLUDED ON 2000-1099 027 01/27/01;13:44 001 EFTA00200642

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 BEAR STEARNS 9 of 10 Transaction Detail (continued) DIVIDENDS (continued) CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOG December 30,2000 THROUGH January 26, 2001 account suvccr Twpaver nuvocr LAST STATEMENT December 29, 2000 DATE DESCRIPTION SYMBOUCUSIP QUANTITY AATE ($) EBT AMOUNT CREDIT AMOUNT 01/22/01 CENTER TR INC CTA 2,000 420.00 REC 12/29/00 PAY 01/22/01 AMOUNT INCLUDED ON 2000-1099 01/22/01 KRAMONT REALTY TRUST KAT 2,000 650.00 REC 12/29/00 PAY 01/20/01 AMOUNT INCLUDED ON 2000-1099 TOTAL $10,129.41 INTEREST DATE DESCRIPTION SYMBOUCUSIF QUANTITY RATE (%} DEBIT AMOUNT CREDIT AMOUNT 01/22/01 INTEREST ONCREDIT BALANCE 6.0000 253.76 AT 5 RI 01/22/01 INTEREST ONCREDIT BALANCE 5.5000 6,276.26 AT 5 1/2% 01/03 THRU 01/20 TOTAL $7,133.73 MISCELLANEOUS TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT JOURNAL JOURNAL FROM TYPE 2T0 1 5,719,242.40 01/26/01 JOURNAL JOURNAL FROM TYPE 2T0 1 463,167.19 TOTAL $-6,182,409.59 $6,182,409.59 027 01/27/01;13:44 001 EFTA00200643

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metrotech Center North BEAR 245 Park Avenue Brocklyn, New York 11201-2859 STEARNS New York, New York 10167 Pe Le JEFFREY EPSTEIN Wa STATEMENT PERIOD December 30,2000 THROUGH January 26, 2001 . account numccr = Trades Executed Pending Settlement Taxpayer Nuvocr LAST STATEMENT December 29, 2000 SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 01/29/01 01/26/01 ALL IE& MAR 030*** IANFC30 i 70,195.12 TOTAL $3,042,502.50 $70,195.12 The above trades do not appear in any other section of this statement /-™ (stop) **ee** End of Statement™***** V/ 027 01/27/01;13:44 001 EFTA00200644