EFTA01322192

Statements CONFIDENTIAL SDNYGM,352729 EFTA,225421 EFTA01322192 rn IS IJ r.) IJ -n z C rn z J r OELZSEOCIA19- ANCIS BEAR STEARNS OFFICE SERVICroG YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New York, New York 10179 (212) 272.2000 CLEASSO "MEW* ITS 241*254 0.020 SUBSSCIARV Seas. Samna Sonatas Carps Cat MMUS, Carts Nati *Tuft. Ike Yen 11201485E E2121272.1CCO INSTITUDONAL INTERESTS AC 02 surnavrt n3)30 Moot er 29.2003 THROUCM December 31.2003 ALLOW! WIMP. 04941880 281 TWAYIDI PAWS On Fie LAST STATISM'S,' troerreer 26.2003 ACCOUNT ExECUTTVE GREENBERG.ALAN C. TELEPHONE (212)272.4605 VISIT OUR WERSHF irmv.beerstearristom What's In This Statement Financial Summary 3 Iii INSTITUTIONAL INTERESTS NC t2 Transaction Dead 3 C/O FINANCIAL TRUST COMPANY Fund Activity 5 ATTN LARRY KEMP Your Messages 8 6100 RED HOOK QUARTER SUITE 8-3 Your Portfolio at a Glance NET EQUITY THIS PERMS 0 NET EQUITY LAST STATEMENT 21,616.935 CHANGE Sea LAST STA more -21,61D835 There are no 'Stop Loss' ceders or other pending buy or sell open orders on file for your account. ST THOMAS VI 00802 Market Value of Your Portfolio cash& 4" w 4 1 SO 5110.115 Mere mow( a., citerance ce row*** of ***a se taxa* r4calla as *saws* as soss ta Clan Saws. r It0414, 420 as rot y Cart 84nAcas el k. Mans Swab* CorA Ow Mass* Can.. Nem 824•445 N 11221-311/4/ thas-idiaa• tau SIDICTISES Tat! hike 521.506.720 SIpc TIn %rears a lb iferrnalsaul SWIM. any [Is -0 stan.: SS, Ista Oars** TN* Vets** stead Dr Waned Ise *sr receeas Sae nnent sic* kt heating divra001 027 01,010.'254 001 Important Message II any information regarding 2003interest, diridcmdE miscellaneous :tome, gross proceeds or original KUM discount is required to be reported to the IRS (or this SCCOU0I. a Ccescidated Form 1099 we be mailed to you by February 2. 2004M a 10425 es Meech 15.2004. vile EFTA01322193 CLEMED "11110O3M IS Wh0LLY bAtitO SLICICURY Ow. Roans Sentries CC. ON /AMMO Caren ..1,11 Breathy,. Maw Vert 112014tS0 2121272.1000 INSTITUTIONAL INTERESTS NC 02 0 z m cim z H r TELZSEOCINDANGS STATEMENT BACKER IS PRINTED ON THIS PAGE On 01/0104:1214 001 VIII EFTA01322194 -n C in z r ZELZSE00- 019- ANGS I IJ IJ IJ BEAR STEARNS OFFICE SUNK** YOUR ACCOUNT Bear. Steams & Co. Inc 383 Madtson Avenue New York. New York 10179 (212) 272-2000 3 ore o.oaw InItOt.n/i n voictre One° aniDNItY liw. Storrs Semen Cap. Cat Parcae. Gym Non en/irk elm Yen 11701480 (212) 2724000 INSTITUTIONAL INTERESTS MC *2 sunken OVA*0 Nokenter 29.2003 Downer 31, 2003 Cash Flow Analysis Cash Balance Summary ACCOUNT wain 049.51890 2111 unin/I Knew On Fie DC MOOD OPMIC 0J)914 LAST STATTWNT November 28.2003 Opening Balance 59.694.17 Cash 9,694.17 0.00 Securities Sold 21.372.449.58 Net Cash Balance 5%694.17 50.00 Money Fund 21.486.999.99 CwItiondsAnterest 26.853.18 Amount Credited 542,888,302.75 Income Summary Money Fund -21.382.225.14 nes 011100 MA TO art Dm:lends 33,204.12 316,229.48 Dwdonds/Interest Charged -1.53 Arkscellaneous -21.515.770.25 Credit Balance It 1.65 6.267.07 Total 533205.77 5322.496.53 Amount Debited 5-42.897.996.92 Net Cash Activity -9.694.17 Closing Balance 50.00 Transaction Detail INVESTMENT ACTIVITY SMIDADII 7IMIX CIAIT OAR nuarsecncer 12/01/03 11/25/03 SOLD OLSOWIICer AMERICAN INTERNATIONAL GROUP INC LINSOUCITED AS CC111'25w sus:yeas* MG OlIoan Petf 01811 IMONT CREW 'MUM -25.003 57 45000 1,428,087.56 027 01,C'64.125.4 DOI Vele EFTA01322195 O -n r EELZSE00-019-ANOS BEAR STEARNS OFFICE SERVICING TOUR ACCOUM Bar. Slams & Co. 1%. 383 Madison #190/100 New Yak. New York 10179 (212) 272-2000 4 NA Transaction Detail (conUnUe4) INVESTMENT ACTIVITY (Oontime0) MUMMT /12.« 0AR MR TRMISACTION 12/01/03 11/25/03 SOLD OESCRP1139 BANK OF AMER CORP AVG PRCE SHOWWDEMILS ON REO ACTUAL CONF1BA TO YOUR AGENT UNSOUCITED CLEAR133 111801.1311 88 Atiasy °wie fuescnure Ur. snims knien Ø. Omiheuten tiner Weh Inoten. Nee Ton 11201.3859 12123 272,1003 MSTMJTIONAL INTERESTS AC 4.2 irrAnater nftno 147401ber 29. 2003 nemuom Daenter 31. 2003 ACO2un NIMEN 0.49-51885 281 Toneft keAtle On n4 87000Ewi HreernIx0 29.2003 SVINICUICUS, 01911111, WISE 08181 mial98 CREM »Min EIAC -40.000 74.82540 2.976.864.73 12/01M3 11r2srce SOLD CMGROUP INC AVG PRICE SNOWN-DETARS ON REO ACTUAL CONFIRM TO YOUR AGENT ED SEE UNS NOTE MICZ R' ON Bete c -27.375 46.87010 1,274478.72 12/0103 11/25/03 SOLD FREDME MAC-VOTINGCOMMON FRE -30.000 54.74270 1.632.899.05 (FORMERLY FEDERAL UWE LOAN mORTGAGE AvG PAICE =WEIETALS ON REO ACTUAL CONFI RED RM TO YOUR AGENT LALSOLIC 12/01/03 11/25103 SOLD FANME MAE DEOERAL NATL AWO UNSOUCITED FNM -5.000 69.55000 345.685.25 12/01/03 11/25/03 SOLD INTERNATIONAL BUSINESS LmoiNES CORP AUG neu SHOWNOETAIIS ON KO ACTUAL CONFIRM TO TOUR AGENT UNSOLXITEO IBm -20.000 89.53200 1,781,111.76 12/01.03 11/25/03 SOLD JOHNSONA JONNSON AVG PRICE SHOWN-DEMILS ON REO ACTUAL CONFIRM TO TOUR AGENT UNSOUCITED JNI 40.000 50.88400 µ 3.034.341.12 12/01/03 11/25/03 SOLD MBNA CORP AVG PRCE SHOWN-DETAILS ON REO ACTUAL &MW TO YOUR AGENT UNSOUCIIED KRB -100.000 24.19960 2.403.223.60 12/01/03 1172933 SOLD PFIZER NC WIM RIGHTS TO PURCHPSE FREMD SM UNDER CERTAIN CRCUMSTANCE AVG PRCE SNOWNMETMLS ON REP ACTUAL CCNFIRM TO TOUR AGENT MISCUCM0 PFE -75400 33.40130 2.489.313.66 on Oteat:13:44 Ø nie EFTA01322196 0 0 1 1 C in r VELZSEOCIND- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOLPIt Bear. Steams 6 Co. Inc. 383 Madison Meat New York. New York 10179 (212) 272.2000 5 ce Transaction Detail (continued) INVESTMENT ACTIVITY (continued) WITIDADO MIX DAR PM MAKSAC11010 CESCAPIXON SYMOOLCUSIA OWN= MICE OM AAOXT CALM NO01.11 12/01/03 11f25/03 SOLD 12/01/03 11/25/03 SOW PROCTER & GAMBLE CO AVG PRICE SHOWN-OETALS ON RED ACTUAL CON SOLICITEDFIRM TO YO AGENT UN SEE NOTE I' ON BACK TWE WARNER INC NEW UNSOLICITED PG PM( -25.000 -100.003 96.92600 16.08000 2,410,434.82 1,595,009.31 TOTAL 321.372.449.58 MONEY FUND ACTNITY DATE 1.430AY MOiSACACN COCJIP1131 SYROOLOSP ONO MOW CROW /MOUNT 11/29/03 OPENINGBALANCE 100.420.73 12/01/03 SOUGHT BEAR STEARNS PRIME MONEY 85600( 21.382.143.75 1.0000 21.382.143.75 AMMO PORTFOLIO CL Y 12/01(03 OMDEND BEAR STEARNS PRIME MONEY EMMET PORTFOLIO CL Y SSW( 81.39 RECORD 11/28/03 PAY 11/28/03 12/01/03 REINVEST BEAR STEARNS PRIME MONEY EISI.03( 81.39 81.39 MARKET PORTFOLIO CL Y REINVEST PRICE $ 1.00 12/09/03 SOLD BEAR STEARNS PRIME MONEY 854.00 -21.482.645.87 1.00:0 21,482,645.87 MARKET PORTFOLIO CL Y 12/09/03 DMDENO BEAR STEARNS PRUE MONEY 89430C 4.272.73 MARKET PORTFOLD CL Y 027 01/0104:12:64 001 11111 CLEARED TI-ROACK iTS ?MQU.V 0wsE0 Sonistver. Belt. Slums Siena. Corp. CAN iharotem Crew Wm, frooler. New T91112014/31 4212) 212.1000 INSTITUTIONAL INTERESTS AIC 42 STA1121Arra KOKO NOvernber 29. 2003 THROIA3N Decerrter 31.2003 ACCOUNT ALweeri 049-51080 281 TA):PAYER PARADER C F,11 'MT STATENEAT Aboember 28.2003 EFTA01322197 CLEARED DTROLOI ITS PACuY PPPNED SURSOPAY BEAR STEARNS CUtE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New Yak. New York 10179 (212) 272-2000 6 as Transaction Detail (continued) Bat Smint SOMMPS Cap Metotm/i Cane NoM ntrinn k vat 112014,0 12121 272.1COD INSTITUTIONAL INTERESTS NC #2 STATEMENT PERICO November 29.2003 TPROu3N Demmte 31.2003 *COMM! MAW 049-51880 281 TAXPAYER MAW, On Fie MONEY FUND ACTIVITY (contnued) srArywne Nowt. 28.2003 -n but NOWT netidADION DESCRP".X. CRIMMTY PRCt pWI PACOM CREW MOM 12/31/03 CLOSiLSEAL.:4.. ./ 0.00 TOTAL S 71 382225.14 421.486999.99 DIVIDENDS MT( DESCIPTIOR SYMMEAXISSIP OLIMMTE ROI IS DEN Amour C in 12/0403 PFIZER INC REC 11/14403 PAY 1210403 GIG VS ND &CG. TRADES 12/09/03 JOHNSON& JOHNSON REC 1118/03 PAY 12/09/03 12/10/03 INTERNATIONAI. BUSINESS MACHNES CORP REC 11/10/03 PAY 12110)03 PEE JNJ IBM 75.000 60.000 20.000 0.1500 0.2400 0.1600 11.250.00 14.400.00 3.200.00 TOTAL 528.860,00 r INTEREST SELZSE00- 019- ANGS 8 IJ IJ IJ cactrnoN SVIAMIOMMI OMIT mourn CREW AMCOR 12/12/03 INTEREST ON CREDIT BALANCE CR INT CALCULATED 11/21-12/1103 12/22/03 INTEREST ON CREDIT BALANCE AD/ 12/22/03 CRPO VS 12112/03 OMIT 1.63 1.63 027 C491/04:12:54 EFTA01322198 O BEAR STEARNS CETICE SERVICING YOUR ACCOUNT Bear. Stoarns & Co. Inc. 383 Madison Avenue New New Yeek 10179 (212) 272-2000 7 dR Transaction Detail (continued) INTEREST (ccminuod) wit teistance 12/22/03 INTEREST ON CREDIT MIMIC( ACCT 04941610 AT 00.50000% 11/21 .12/20 TOTAL win %SP GUMBO nnocam n ratty Cana SLISIOaca Bar Saws Scant. Cap. One LWMath Crtu Naih &oder. Ma Vat 11201.1859 1212)2/2-1000 INSTITUTIONAL INTERESTS NC #2 DUMONT PeFoCO NOtember 29.2003 18eucpc Detente 31.2003 Al:CCOIr MAWR 049-51880 281 WAVER mla*MR On NKr LasT sTATniaa Novena 28. 2003 0.tUrtnr FM al DM MOW MX MONT 1.65 S-1.53 53.18 MISCELLANEOUS B I EWE ICIMY TOMS.C11:01 msatentio Tese MICUNI MOT MOW C in 12/09/03 12115/03 12/30/03 JOURNAL JOURNAL JOURNAL 70 038-66058 PER LOA TO 038-66058 TO COMA ADJUST BALANCE 21.512.570.05 3.200.08 0.12 TOTAL 5-21.515.770.25 r 9ELZSEOCIN9- ANGS I8 IJ V.2 DO IN) 027 010104.1254 001 NES EFTA01322199 C21.0720 1700004 ITS MOLLY OwstO SultS0101Y -n C in r LELZSEOCIN9- ANGS BEAR STEARNS OFFICE SERYCIVG YOUR ACCOUNT Bear. Stearns a Co. Inc. 383 Madison Avenue New Ycek, New York 10179 (212) 272.2000 8:10 Your messages As part of the National Association of Securities Dealers (NASD) Investor Education Program, you may obtain information on the NASD's Public Disclosure Program by contacting the NASD at telephone number (800) 289-9999 or via the Internet address which Is www.nasdr.com. In addition, a brochure explaining the Public Disclosure Program is available from the NASD upon request. End 0f Statement eat Stearns Stastas Cap. Or* V-etch Coup Penh ttedt0 Now re 20 385.9 1219 212.1000 INSYMMONAt INTERESTS WC M2 STATEvEsT Mc* Navernber 29.2003 T910004 December 31, 7033 1/001W 9....0ER 049.51880 281 TAXPAYER hti.effi cc, hie LAS! STAMM." 1474ernba 28.2003 Excess SIPC Account Protection Update Bear. Steams Scarifies Corp. MSC,. a member of the Securities Investor Protection Corporation (-sm, provides account protection for the net equity of a customers funds and securities positions. SIPC provides 4500,000 of primary net equity protection. Including $100,000 for Claims for cash (SIPC Coverage'). Visit www.sipc.org for more information about SIPC Coverage. BSSC provides the additional protection f Excess SIPC") through a commercial insurer, Effective February 16, 2004. the commercial insurer for Excess SIPC will change to Customer Asset Protection Company MAPCO", a licensed New York insurance company, Account protection applies when a SIPC member fern fails financially and is unable to meet its obligations to its securities customers. but does not apply to losses from the rise or fall in the market value of investments or to SIPC ineligible assets such as options. futures. foreign exchange transactions, or any investment contracts that are not registered as securities. 027 01/01.04.1954 001 1118 EFTA01322200 OEPSZZOOV.L.43 TZ F I 0 m r _ BELZS£00 N19 ANUS BEAR STEARNS OFFICE SERVIC446 YOUR ACCOUNT Bear. Stearns & Co. Ina 383 Madison Avenue New York. New York 10179 (212) 272-2000 OSAJtED THROUGH ITS MOLLY °AWE° SUSSIDIARY Bel. Ream; &mat On, ▪ IANNOMI Cons kot ' Nunn New York 1120141159 • 2724CO3 INS17TUTIONN_ INTERESTS AC #2 ACCOUNT EXECUTIVE GREENBERG.ALAN C. TELEPHONE (212)272-4605 VISIT OUR WEBMIE wAvi.beaMteams.ccol What's In This Statement Financial Summary 3 Yoix Portfolio Holdings Transaction Detail Fund Activity 6 Trades Not Yet Settled 7 Your Portfolio at a Glance TOTAL VALUE OF SECURMES THIS PERO0 NET CREDIT BALANCE MONEY IMMO FUND (OUNCE 21.506.720 9.694 100.421 ART &MATT Tx8 PERM $21.616.835 NET ICON LAST STATEMENT 21.613.766 CHANGE SINCE LAST STATEMENT 3.070 There are no "Stop Lose orders or other pending buy or sel open orders on file tot your account. sTATEseso raw Ncwomber 1.2003 TalACOOM NOwntef as 2023 ACCOuto7 MAMA TexPAYM µNM 11.87 SUYDAM INSTITUTIONAL INTERESTS NC 02 C/0 FINANCIAL TRUST COMPANY ATTN LARRY KEMP • 6100 RED HOOK QUARTER SUITE 8-3 ST THOMAS VI 00802 Market Value of Your Portfolio Cash Anent - 5110.115 5441.691 EQRes 521.506.720 521.172.075 Pines snot ✓M dances or W+KSSi el canal 0, sexes. .6.24sa as eaanare• b owl s.M al •:0244.2420. en.** it Chef Semen e Bet Slaws Saga Corp. Me laataboce Cana, Nada Onactob. $22,..2.20 - Current meow value I I I I Last statemenk mane( value nal On" Nbl wirtetwr [wanes coy. E is me beaieed St a en extinct e`as linen Wald be Matted In year Matt See Mtn* Se for VWMSfl Mammal 027 II/2SCi(Oa 00' Yale 049-51850 251 On Flle October 31. 2003 EFTA01322201 CsEARED THROUGH ITS SteMY OMR* SaISOORY Stet. Sun Scotism Co. Oni MOM. Owls *en BROW Mt. 'rot 112014161 RIP 212.1000 INSTITUTONAL INTERESTS NC *2 I Erg:ZOO- W.43 0 z m cim z H r 6£LZS£00 IND ANDS STATEMENT BACKER IS PRINTED ON THIS PAGE 027 11(2003:0904 COI 1311 EFTA01322202 BB R STEARNS OFFICE SERVICING YOuR ACCOUNT Bear. Stearns B. Co. Inc. 383 Madison Avenue New Yak. Neon York 10179 (212) 272-2CCO 349 Cash Flow Analysis DNS POMO Cash Balance Summary OPUITG 0.02:85 Opening fia lance 5328.764.63 Cash 328.764.53 9.694.17 Money Fund 12.678.90 Net CashBalance 5328.764.63 59.694.17 DNIderds/Interest 21.069.17 0 z -n Amount Credited Secureies Bought Money Fund 633.748.07 -362.731.81 -86.72 Income Summary TIC PCR500 YEAR TO DATE Dindencls 21,042.97 283,025.34 Amount Debited Net Cash Activity Closing Balance S-352.818.53 -319.070.46 59.694.17 Credit Balance kit. Total 112.92 $21,155.89 6,265.42 5289,290.76 C in z Portfolio Composition CashCash Equivalent 110,115 r Equities 21.506.720 Total 521.616.835 OPLZSE00- 019- ANCIS 027 1 0943 09 04 001 Can= THROWN 08 Wets *MC 80184XARY Ow. henna Sacan Carp fro lAtbeisch Cerny Pant boat" PIM Vert 11201.3.59 rya 272.1009 INSTITUTIONAL INTERESTS NC #2 ST411500.7 PC2000 1kotenber 1.2003 THROuCol fkmerneer 28.7003 ACCOtoir Nui01ER 049.51880 281 722PAYER N.401E. On 8/0 tArr sTATIldrur October 32 2003 Your Portfolio Allocation Cash a Equaalent — <1A — E aie 99% Ifist000s pram wen deb tiainu atlo:t Yoe nertet rakes The Jake tsarina a MM Pon 'he .vain cute at* 0' yes zeta> EFTA01322203 CLEWED Di110u0n ITS O4~1, SLMSOMAY rn 8 b.) 15) tn -n in r TPLZSE00- IN9- ANGS BEAR STEARNS OFF“ SERVICTIG YOUR ACCOUNT Bear. Steams d Go. Inc. 383 mason Avenue New Vat. New York 10179 (212)272.2000 4 :4 2 Your Portfolio Holdings CASH & CASH EQUIVALENTS MAIM ISIWTID CURRIE! OtSCRP11011 STIMOUCLEIP QUWITY MRi VALLE AIOILW VON N CASH BALANCE 9,894 BEAR STEARNS PRIME MONEY BS= 100.420.73 1.0000 100.421 904 0.9002 MARKET PORTFOLIO CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS 5110.115 5904 EQUITIES Equities & Options M IT IMTUATED ~CM OtS011171CH S1MIO Toe IRWIN PRIX VALLE ~JAL PCP* 111:LO N AMERICAN INTERNATIONAL GROUP NG CASH 25.000 57.9500 1.448,750 6.500 0.4487 INC BANK Cr AMER CORP BAC CASH 40,0:0 75.4300 3.017.200 128.000 4.2423 OTIGROUP INC C CASH 27.375 47.0400 1.287.720 38.325 2.9762 FREOOIE MAC.VOTING COMMON FRE CASH 30,000 54.4200 1.632.600 31.200 1.9111 (FORMERLY FECERAL TOME LOAN MORTGAGE CORM FANNIE WE FNM CASH 5.000 70.0000 350.000 9.000 2.5714 (FEDERAL MIL MTG ASSN) INTERNATIONAL BUSNESS IBM CASH 20.000 90.5400 1.810.800 12.800 0.7069 MACHNES CORP JOHNSON& JOHNSON 911 CASH 60.000 49.2900 2.957.400 57.600 1.9477 MENA CORP Fuze CASH 100.000 24.5200 2.452.000 40.000 1.6313 PFIZER INC PFE CASH 75.000 33.5500 2.516.250 45.000 1.7884 027 1100103.0004 001 Ow. Stara 5455.+n Ore W0OM.F. O&M« Mirth &O to ILv NI 11202.9859 210 z72.1coo INSTMMONAL INTERESTS WC 4.2 STAMMNT ICC ~ter 1.2003 ~Noe Moray 28.2033 ACCOLM, MLIMMR 049.51880 281 ?area ~co on File UST STATEMENT October 31.2033 EFTA01322204 -n C in r ZPLZSEOCIN9- ANGS I8 b.) IJ BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Elem. Steams 6 Co. Inc. 383 Madison Amnia New York, New York 10179 (212) 272-20® 5 a o Your Portfolio Holdings (continued) Equities & Options (coridnued) lea wszT ENNA= earn DISCRYCON SYLEalcw nfl MINIM MCC Wag ANNA NOM VELD oY PROCTER & GAMBLE CO PG CASH TIME Y/ARNER INC TWA CASH NEW Total Equities& Options TOTAL EQUITIES 25.000 96.2403 2.406,000 46.500 1.8911 100.000 16.2800 1.628400 S21.508,720 5413.925 521,506.720 5413,925 YOUR TOTAL ESTIMATED ANNUAL INCOME $414,829 YOUR PRICED PORTFOLIOHOLDINGS $21.616.835 Transaction Detail INVESTMENT ACTIVITY CtEARED ncitOuCci ,lCuy Own= StAlanctRY Btw. Swint Swan On Cne Meinesch C— We Omit" Nev, York 112014/59 Ch2l 272-100) INSTITUTIONAL INTERESTS NC 02 STATEMENT PERKO Nonenta 1.2003 THROUOn sienemow 78.2003 Accoma NUMBER 049-51880 281 T.00MYER MAMMA Cn LAST stcliarr °now 31.2003 SCMCIAMI TIL/0( WI CATE TRANSACI)011 cast:Arrow SnmeatiaSo Damn Pet OWT A.I.OLNT 0=7 MOM 11(12)03 11/06/03 BOUGHT FANNIE MAE Fla 1.003 70.07000 70.482.30 Mo NATI. MTG ASSN] NARY ORDER PART OF 5000 SHR Nil wasamoms oo1 Yrs EFTA01322205 CLEARED TIROUGH 178 WHOLLY 0m420 SUMMmore rn 8 1,2 1,2 C)0 -n C in r EPLZSEOCIN9- ANGS BEAR STEARNS OFFICE SERVICING YOuR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New York. New York 10179 (212) 272-2000 6 on Transaction Detail (continued) INVESTMENT ACTIVITY (contiluel4 S111.0400 Out 11/12/03 11/06/03 BOUGHT RAN DATE TR47.6.C241 ocscoomm FANNIE MAE (FEDERAL NATI. MIS 85524) DISCRETIONARY ORDER PART OF 5000 SHR STIANUCLISIP IBM anNlln 4.000 70.15000 kV. SMITS SOIOSIS Cep DiR 0.140toten Came NW. &wept Km RA 112014559 0121 272.1000 INSTITUTIONAL INTERESTS A/C .2 'TAMAN" PCR820 November 1.2003 TOPS Weber 28.2003 4.00Ourir ktle 049.51880 281 TAXPAYER Wine, On Flo WIT ITATISM01T October 31.2003 Pt ocm AM22.11 CREW AvOcra 282.249.51 TOTAL 5-352.731.81 MONEY FUND ACTIVITY OAIT ICCIAY 10.4245CTIPY4 OtSael1C0/ 511..M0AP pan ASCOM CRE011 AVOW 11/01.03 OPENINGBALANCE 112.926.19 11103(03 DIVIDEND BEAR STEARNS PRIME MONEY BS= 86.72 IMMO PORTFOLIO CI. Y RECORD 10131/03 PAY 10/3143 11103/03 REINVEST BEAR STEARNS PRIME MONEY BSTAXII 86.72 86.72 MARKET PORTFOLIO CL Y REINVEST PRICE S 1.00 11/21103 SOW BEAR STEARNS PRIME MONEY BSMU -12.592.18 1.0000 12.592.18 MOAT PORTFC00 Q Y 11/28/03 CLOSINGBALANCE 100.420.73 TOTAL 546.72 S12.678.90 DMDENDS art OCSCRIPMMI 11/14/03 PROCTER & GAMBLE CO REC 10/24/03 PAY 11/14/03 MIICUCUSW PG 0881111R MR CH 25,000 0.4550 Marl MIOWT CRtta MOUr0 11.37540 027 11/214110).04 001 V.114 EFTA01322206 9EVSZZOO- V1.43 TOiNaGUNO0 trI7LZSEOCIA19-ANCIS BUR STEARNS OFFCE SERVICING YOUR ACCOUNT Beat. Stearns & Co. Inc. 383 Ma(won Avenue New York. New York 10179 (212) 272-2000 7 es Transaction Detail (Continued) DIVIDENDS (contra.* DATE orscrwroy SRAIOJOJSIP owner MR OS DINT AmOUST 11/25/03 CMGROUP INC REC 11/03/03 PAY 11)26103 C 27275 0.3500 TOTAL INTEREST OAR CSSONPRON 11/21/03 INTEREST ONCREOIT BALANCE AT 0 1/294 1021 940 11/20 TOTAL 3172.92 STIMOUOJSIP =at., ThiROLON RS mare Dave) SLASSICAARY On; Steams Wads Cap. or Wray" Cate North wenn rare rot 11201.3959 12IS) 2,2.1000 INSTITUTIONAL INTERESTS NC 42 STATISAINT IMMO° Naierrtel 1.2003 Thaotat Nownter 28.2[03 Acemerr Wien 04941880 281 TWAT.. MANCN On ni4 LAST STATIDNINt odabrit 31.2003 CRUM AMOUNT 2581.25 520.956.25 warm Ian 89 OEMAMOUNT dna AMOR 0.5000 112.92 Trades Executed Pending Settlement 1111111/07 MACE OAR GAR TRIRSACTrod DES019110N 12/01103 11/25/03 SOLD AMERICAN INTERNATIONAL GROUP INC UNSOLICITED PS CC 11/25/03 12/01/03 11/25703 50.0 BANK OF AMER CORP AVG PRICE 54:MN-CETUS ON REO ACTUAL CONFIRM TO YOUR AGENT UNSOUCRED Snemaes auvanv MU Dart MOM OEM MCUM NG -25.000.00 57A503 1.428087.55 SAC -40.000.00 74.8254 2.976.864.73 on iinmotrolto4 001 vela EFTA01322207 Fn 8 IJ T.) --3 0 m cim H r SPLZSEOCIAIDANGS BUR STBSRNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Mandan Avenue New nee. New VON 10179 (212) 272-2000 nahno THROWN in ecu.v °vino SUOUNIty Ow Sterns Sectritex Cap. Ore Aleretern Cats NAM IFCCIOrk Ni. Tat 11201.1/S9 Q12) 212.1[00 INSTITUMNAL INTERESTS MC 02 STATINekl KR= Patenbee 1.2003 TAP0ueol Nommeet 28.2003 Trades Executed Pending Settlement (continued) Seneeen ?MO( OAR DAIS ireweAenet. Of SORPTION NIROALIA• QUANTUM ACOCAINT MAWR TAXPAYER WAWA LAST sTATIVENT OM AMMO 049.51080 281 0A Ile 000ber 31.2003 CREW NAMPO 12/01/03 11/25/03 SOLD CMGROUP INC .27.375.00 46.8701 1.275.478.72 AVG PRICE SHOWN-08Tm_S ON RED ACTUAL CONFIRM TO YOUR AGENT 1NSOUCITED SEE NOTE -V ON BACK 12/01/03 11/25/03 SOLD FREDDE MAC-VOTING COMMON FRE .30.000.00 54.7427 1.632.899.05 FERP) DERAL HOME LOAN (FCCM YOGA RLE CO ) LO G AVG PRICE SHOWN-DETAILS ON REO ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED 12/01/03 11/25/03 SOLD FANNIE MAE PIRA -5.000.00 69.5500 345.685.25 U(FEDERAL NATI. MTG ASSN) NSOUCITED 12/01/03 11/25/03 SOLD INTERNATIONAL BUSINESS IBM .20.000.00 89.5320 1.781.111.76 MACHINES CORP AVG PRICE SHCM/N-DEGAS ON REO ACTUAL CONFIRM TO YOUR AGENT UNSCOCREO 12/01/03 11/25/03 SOW JOHNSON& JOHNSON JNI -60000.00 50.8840 3.034.341.12 AVG PRICE SIENeN-IIETA&S ON REO ACTUAL CONFIRM TO YOUR AGENT UNSOLCITED 12/01/03 11/25/03 SOLO MBNA CORP KR8 -103.003.00 24.1996 2.403.223.60 AVG ME SHOMMXTAILS ON REO ACTUAL CONFIRM TO VOLAI AGENT UNSOLICITED 12/01703 11/25/03 SOLD PFIZER INC PFE -75.000.00 33.4013 2.489.313.68 WITH RIGHTS TO PURCHASE PREFRD STK uNDER CERTAIN CIRCLNSTANCE AVG PRICE WM-DETAILS ON REO ACTUAL CONFIRM TO YOUR AGENT uNSCtiCtrED On 11/21001Weni OM VIII EFTA01322208 CLEARED neRCual Cs 9e9OLLY OWNE0 VASCARY 8£175ZZOOV1.43 0 -n z C rn z -H r _ 9PLZS£00 IND ANGS BEAR STEARNS OFFCE SERVICING YOUR ACCOUNT Be.'. Steams & Co. Inc. 383 Madison Avenue New York. New To* 10179 (212) 272-2000 9 Trades Executed Pending Settlement (continued) SITTISIEDIT MADE DetE 121E TWASACTIEN DCSCRIP11ON 12/01/03 1125/03 SOLD SallEUCUSE. PG -25.000.00 98.9280 2.410.434 82 Box. Yen Uarein Coe, and Murata Cam Rem gime" New Yat 11201.3850 12133 2t2.10:0 INSTITUTIONAL INTERESTS Alt 02 STAIS1AERT NERCO Noktoter 1. 2003 Tm.EsJ314 Naecnte 28.2003 ACCOurn 'Amine 049.51880 281 IND, A9rit Kane On The tar svATevrwr °Mete 31. 2003 earemnr PRICE EEan µCUM 01W! .130749, PROCTER & GAMBLE CO AVG ME SHOWN-DETALS ON REO ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED SEE NOTE -ST ON BACK 12/01/03 11/25/03 SOLD TIME WARNER INC 1V/X -100.000.00 16.0800 1.595.009.31 NEW UNSCMCFIED TOTAL 50.00 521.372.449.58 rns *Se new b rat Kerr in any tem race & s9 spawner. STOP End of Staternen 027 ,,•21,3105 Ca 00/ MIS EFTA01322209 CLIMB) TROLICUI rye VOICLLY DATED SLUMMY rn 8 IJ tJ IJ 0 m C in r LPLZSEOCIN9- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Menue New Yak. New Yak 10179 (212) 272-2000 ACCOUNT EXECUTIVE GREENETERG.ALAN C. TELEPHONE (212)272.4605 vtSn OUR wEBSTIE wmv.beamlearns.com What's In This Statement Financial Summary 3 Your Porddio Holdings 4 Transaction Detail Fund Activity Your Portfolio at a Glance TOTAL VALUE OF SECURMES THIS PERIOD NET CREME BALANCE HONEY MARKET FUND BALANCE 21.172.075 328.765 112.926 NET WSW THIS PEMOD $21,613,766 NET EOM? UST STATEMENT 20.934.613 CHANGE SINCE LAST STATEMENT 679.153 There we no 'Stop Lou orders or other pending buy or sell open orders on file for your account INSTITUTIONAL INTERESTS NO f/2 C/O FINANCIAL TRUST COMPANY AM/ LARRY KEMP • 6100 RED HOOK QUARTER SUITE 8-3 ST THOMAS V1 00802 Market Value of Your Portfolio 3441.691 CasPi Ectnallel: 3206.527 terms% Par mpr. sny Moreno a. wootc4  nitclis cr snee. Marais, eel vend ta N. art Ntnan Y 11.00-231-106. et ...clew:fete Seneca. mbar. Sierra Setae. Cap. Om Itetrettch Caner Tom Dwelt'. NY. 1,201.$51 $21.172.075 520.728.088 Current market mho MI Lest stMerrentt Matte Y011at Sear. Stews Socials's Cap. Ono 1.1.rtnenn Crow WTI &wenn Mn Yen 11201.3359 (212.1272-1CCO INSTTRTTIONAL INTERESTS KC in STATEMENT PEFOC:0 Octotee 1.2003 neoucm Octotm 31.2003 ACCOUNT TAMAR 049.518420 281 TASTER µNW On Fie LAST armorer Staernbst 30. 2003 lkOn %urns" %. ineematoul w--oset Mt. P. nx sondes el • Till wan& vAtmen Neill Be reined to wit nat. See (wens TAR ter rpTrOT nonnalcr 027 1101,01 14 02 001 NV 8 EFTA01322210 CI.L4RED 71470.1014 mS wrocur bm0) SUSS/044.Ry In. Stan Seattes Cap. 17041.41177:, —Mum Arcottyn Net Y01 11201.380 121212720400 INSTI1UTMAIAL INTERESTS A/C r2 2 on OttSZZOO- V.L43 0 z -n C in z -H r _ SPLZSECIO IN9 ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 027 II/01/0314 02 001 V812 EFTA01322211 0.EARE0 TIROLIGI ITS NH= OVOIED SUI00300IY I trSZZOO- V.L43 BEAR STEARNS °FACE stRvKalG YOUR ACCOUNT Bear. Steams a Co. Inc. 383 Madison Avenue New Yak. New• Yak 10179 (212) 272.2030 3 ce Cash Flow Analysis MC PERIOD Income Summary 443939 IMAM Oaf Dividerds 10.084.27 261.982.37 Opening Balance 893,684.50 Credit BaMnce Int. 39.17 6,152.50 Securities Sold 974,146.37 Total 210.123.44 5268.134.87 Money Fund 84.27 0 Dividends/ Rawest Amount Credited 10.039.17 1984.269.81 -n Securities BougM -749.105.41 Portfolio Composition Cash/Cash Equvalent 441.691 Money Fund 44,27 EqUILI23 21.172.075 C in Amount Debited Net Cash Activity $--749,189.68 235.08013 Total $21,513,766 Closing Balance 1326764.63 r Cash Balance Summary OPOING 036003 Cash 93,684.50 328.764.63 Net Cash Balance 193.684.50 2328.764.83 _ 617LZSE00 IN 9 ANGS 022 11013101402 031 Oat Slaw SeatlItas Cep. Ora MOUS. Over Nfl 0.020yrk Pita Wit 113418959 12121270100D INSTITUTIONAL INTERESTS NC #2 ITATIMENT P€RIO0 00001! 1.2033 THROUGH 00000 31, 2003 ACCOUNT Mate 049.51890 211 TAXPAYER NUIMER Cn Tie L494 antwen Septenter 30.2003 Your Portfolio Allocation Cash & EquNelent—, 2% 0..nrad wan derma aut ben it OW! .ens —. Thy OCCOICCI PlICelne . fennd f0r. 0e name Tat., var.d — mitt rate EFTA01322212 0 in r OSLZSE00- IN9- ANGS IJ IJ tn IJ BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Rear. Steams & Co. Inc. 383 Madison Avenue Nee Yak. New York 10179 (212) 272-2000 4 Or 7 Your Portfolio Holdings CASH & CASH EQUIVALENTS 1)113CRIP11M Klet ~PIT WWI LIMATED 041K1/1 MKS( NOW( MAIN CASH NUANCE 328.765 BEAR STEARNS PRIME MONEY LIARKEIPORTFOUD CL Y BØ 112.926.19 1.0000 112,926 1.028 0.9103 ONIDEND REAMS= TOTAL CASH & CASH EQUIVALENTS 5441,691 51.028 EQUITIES Equities & Options KC1 ~CET 15111IATED 0~11 oiscarnos 51141101~1/1 OUMMY Wag AKM" «OM 180 N AMERICAN INTERNATIONAL GROUP NC MG CASH 25.003 60.8300 1.520,750 6.500 0.4274 BANK OF AMER CORP BAC CASH 40.000 75.7300 3.029,200 128.000 4.2255 CMGROUP INC C CASH 27.375 47.4000 1,297.575 38,325 2.9536 FREDDIE MACXOTING COMON (FCATAERLY HOWIE LOAN ME CASH 30,000 56.1300 1.683,900 31.200 1.8528 ORRAL 140ITIGAGE CORP) INTERNATIONAL BUSINESS EtM CASH 20.000 89.4800 1.789.600 12.800 0.7152 MACHNES CORP JOHNSON& JOHNSON JNI CASH 60.000 50.3300 3.019.800 57.600 1.9074 MEINA CORP KRB CASH 100.000 24.7500 2.475.000 40.000 1.6162 PFIZER INC PFE CASH 75,000 31.6000 2.370.000 45.000 1.8987 PROCTER & GAMINS CO PG CASH 25.000 98.2900 2.457.250 45.500 1.8517 =MED THROyarr IS MOLL ~ED SuILMARY Oar. Smarm Searlen CO14 Ore /44004ch emir WM imelletIem Yen 11201.3469 ma 272.10:0 INSTITUTIONAL INTERESTS NC Is2 name« rob» Weber 1, 2003 ^4n00+ø1 °ad» , 31. 2003 •CeOurer roalpt 04941880 241 TAMMY°, WJA:Efi On tie sT4Mina September 30 2003 017 11gØ4Ø COI YNs EFTA01322213 ri &Leg, MROU31.1 ITS WPICLLY OAKD SLISIDIARY ril 8 b.) tn IJ BffiR STWRNS OFFICE SERVICING YOUR ACCOUNI Beat. Stearns & Co. Inc. 383 Mattson Avenue New York. New Yak 10179 (212) 272-2000 5 et y Your Portfolio Holdings (continued) -n Equities & Options (continued) DitSCIeln1011 STVIOWCIAIP Ial net OUNMY IMstat MCC VILUE aMuleo CURRIM AlalWl WOW AM> MO TIME WARNER INC 1V NEW Total Equities& Options CASH 100.000 15.2900 1.529.000 521.172.075 5404.925 TOTAL EQUITIES 521.172.075 5404.925 YOUR TOTAL ESTIMATED ANNUAL INCOME 5405.953 rn z YOUR PRICEDPORTFOLIO/IC/ICINGS 521.613,766 Transaction Detail r ISLZSE00- IA19- ÅNGS INVESTMENT ACTIVITY SCULPT MCC DM OM ~MUM COOWIC., 10/16/03 NAME CMG AOL TIME WARNER INC 00184A105 -100.000 A011274 101007117 WC TIME WARNER INC SWealCUSIP flaw. kiln Manses Cc, 1.4~ Cate .en &Ø)" k9i York 112014859 an) fly) cco INS1TTUTIONAL INTERESTS NC *2 S. ATACC erwoo October 1.2003 MR012311 Oaober 31.2003 •CCOtwr 51..111811 049.51880 281 TO:SAYER 115.1.89.1 on Foe LAST 8.512112111 SePterrter 30.2Ø QUANM NU OW «gat CAM MOUNT 10/16/03 NAME CMG TIME WARNER INC TWA 100,000 NEW 1007117 FROM A011234 WC TIME WARMER WC 10/27/03 10/22/03 SOLD E I CO PONT DE NEMOIRS & CO AVG PRICE SHOWN-OETARS ON REO ACTUAL COMMIS% TO YOUR AGM CISCRETIONARY OMER DO .25,000 39.20820 974,146.37 t83143:1•02 COI NIS EFTA01322214 r 81 1 8 IJ tn Ap IJ m r ZSLZSE00- IND- ANGS BEAR STEARNS OFF10E SERVICING YOUR ACCOUNT Bear. Steers & Co. Inc. 363 Meacion Avenue New York. New Yee* 10179 [212) 272-2000 Transaction Detail (continued) INVESTMENT ACTIVITY (:ontnued) 5(T1Ø mot art 411E ~sac« 013CRP111:114 10/30/03 10/27/03 BOUGHT SYMCD.E.Rm CACARED ~OUCH ITS vmOttY OARED SUISSCOMY Sim imam Searat4 Corp. •191~ Gem NAM &Or eher at 20 3859 Q12)21124508 INSTMITIONAL INTERESTS NC #2 STATVALNT MMOD October 1.2003 ~DUDA October 31.2003 rocovert wars GO-51880 281 TAXPAYER rameet On Ede err arrerween 5MMArnbr 30.2003 MAYMY xeCf CUNT NAOMI OEM «OM BANK OF AMER CORP BAC 10.000 74.49740 749.105.41 AVG PRICE SNOMIDETAILS ON REO ACTUAL CONFIRM TO YOUR AGENT CISCREMONARY GILDER TOTAL 1449.105.41 1974.146.37 MONEY FUND ACTIVITY DATE NOMA? 00191AMEN CESCAPTION SYDOCl/Q1511 ~arc RICE Delfl AMOUI11 011108 ~Um 10/01/03 OPENINGBALANCE 112.841.92 10/01/03 OMOENO BEAR STEARNS PRIME MONEY BSPA.10( 84.27 !Weal PORTICUO CI. Y RECORD 09/30)3 PAY 043003 10/01/03 REINYES1 BEAR STEARNS PRIME MONEY Irma 84.27 84.27 MAIMET POMPOM CI Y REINVEST PRICES 1.00 10131/03 CLOSINGBALANCE 112.926.19 TOTAL 584.27 c27 1, 9/.03.1402 DO, M18 EFTA01322215 CLEARED 114t0014 ITS WAWA' OWED SLIISIORRY StPSZZOO- V.L43 C)0 -n z C in z -H r _ £SLZS£00 IND ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New York. Now York 10179 (212) 272.2003 Transaction Detail (continued) DIVIDENDS OAR OILSOSPIXSO 10/01/03 MBNA CORP KRB 100.000 0.1000 10000110 REC 09/15/03 PAY 10.01,13 TOTAL EVIRICUCUSIP Ser. San Sannise One Wean n Wenn &COOL; Mtn YOT 11201.311) rya 31-1CCO INSTITUTKINAL INTERESTS NC #2 summon Pt moo Maker 1.2003 110e0L4n Oacter 31.2003 AILCCANT Rana TAXPAYER POW LAST STATRAOLT MAXON we 11 Me Wax, CREZEI MOW $10.000.00 INTEREST oat Warm 1021/03 INTEREST ON CREDO BALANCE AT 0 1/2% 09/21 THRU 10/20 TOTAL OALLATT PATE Ille 0111.01110 CROP ALLOW 0.5000 39.17 $39.17 End of Statement 11,01011402 CC' 049-S1880 281 On Re SaaWitier 30.2003 EFTA01322216 9117SZZOO-V1.43 OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. BEAR 383 Madison Avenue New Yak. New York 10179 STEARNS (212) 272.2003 ACCOUNT EXECUTNE GREENBERG.ALAN C. TELEPHONE (212)272.4605 MIT MR ViEBSITE www.bearsteams.com What's In This Statement I IIIIIIIIIIIIIIII Financial Summary 3 INSTITUTIONAL INTERESTS NC /2 Your Portfolio Holdings 4 CAD FINANCAAL TRUST COMPANY Transaction Detail 5 ATM LARRY KEMP • 6100 RED HOOK QUARTER Fund Activity SUITE 8-3 0 YOUr Messages 8 ST THOMAS VI 00802 m C in r _ VSLZS£00 IND ANGS Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THM PERIOD 20.728.086 Market Value of Your Portfolio cash Roa n .1 6206.627 $135.397 NET CREDIT BALANCE 93.685 &MOM $20.1213.086 MONEY MARKET FUND BALANCE 112.842 120.771.706 1200011 melt van IC EMPTY THIS PERIOD $20.934,613 Last statement's market vela NET EQUITY LAST STATEMENT 20.913.103 CHARGE SINCE UST STATEMENT 21.509 There are no 'Stop Loss' orders or other pending bliy or sell open orders on file for your account. Robe .1021. any Onerc* or romecert 0 cheat of erns, 010oiod b Cm Unto 0 10•24.14.i429, a b Coon taw.. it Cab. Sum Egoabot Corp. 0.. 1000oth Gene rear. rs,fl 4Y filst4559 CLEARED 1.0a. ITS WeCELY OWED SISSCIARY tea. Rums Seeman On Ow MoUctoch Can* lOat Irc00" Mar von 11201.3559 12121 212.1COD INS11TUTIONAL INTERESTS Alt 02 STAT2LIST PERICO &}n1 30.2003 ninouOm Seeternxr 30.7003 AZCOLW NIAMER 049-51880 281 TAXPAYER NUIMER C.0 nb LAST SYstrxtvr Aupst 29 2003 Important Message Bear Stearns is pleased to ono:sinew <emersion to a calendar monthtxl statemeM. Effective this rn7re. your account statement reflects an angrily and account venation upto and including the last bLainess day of the month. ewe. Ten irony is br ~noon 0n0043 at,. b rat Nem ass oh coarse Inn gonna mwe be tthigetl far ycu nags EN /own SS fir 094(taft /09/120D3I. 021 1001411.11.21 ODI EFTA01322217 REARED THAOU04 MS 'MOLLY Ownt0 Suer=am Int Mums Scans Corp eiehicenech Cann kel, bro000. LYS♦y, 11201-3859 010 2124030 INSTITUTIONAL INTERESTS NC A2 2 Ltt5ZZOO- V1.43 O z m cim z H r SSLZS£00 IND ANDS STATEMENT BACKER IS PRINTED ON THIS PAGE 023 10010:0:1121 931 991, EFTA01322218 CLEARED THROUGH rrS smear (PANED WS:MAW Str5ZZOO- V1-43 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams b Co. Inc. 383 Madison Avenue New WA. Now York 10179 (212) 272-2CO3 3 Cash Flow Analysis IC SCROD Income Summary MS PERIOD WARM OAK Opening 8a lance Money Fund 522.643.20 87.79 Divdends 71.112.79 Credit Balance Int. 16.30 251.698.10 6.113.33 C) DividendsAmerest 71.041.30 Total 571.129.09 5259.011.43 0 Amount Credited 571.12%09 z Abney Fund -97.79 Portfolio Composition m Amount Debited 5-87.79 CasteCmh Equiralent 206.527 C Net Cash Activity 71.041.30 EquIdes 20,728.C436 rn z -H ClceshiBa lance Cash Balance Summary 593.684.50 Total 520.934,613 MOMS CAME r Cash 22.643.20 93.684.50 Net Cash Balance 522.643.20 593.684.50 _ 9SLZS£00 N19 ANUS 027 IOW Oa n 11 Cr01 Rot Sued Secullet ow lAttrcuten Caws Noer !opts% tars Ten 112014459 tint 272.1000 INS1TFUTIONAL INTERESTS NC *2 STAMEN" MOOD AOgUM 39.2003 THROD314 Stnttember 30.2003 ACCOUNT wheAR TAAPAre. hiAsieR LAST STAIllatul D49-518,30 281 On RN August 29.2003 Your Portfolio Allocation lF+•sde prlaes era evet YYvn friMe yrkyl mole< ,.W.. The .Ins{ ai po—a•upt a cb•—••0 'kW re staolui• rew'al ...,e o, pnr (CMS, 5515 EFTA01322219 0.E..480 near..n rts vnieu.r OnNE0 Unktinnw 6ftSZZOO- V1.43 0 -n C in r _ LSLZS£00 IN9 ANGS BEAR STERNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New Yak, New York 10179 (212) 272-2000 4 er On. Swim Senn*. Cos. One Wunsch Ca. innn tkonn. We Von 11201.3869 (2121272.1000 INSTITUTIONAL INTERESTS MC *2 STATDAINT IMMO AIlgal 30.2003 11C01441 September 30. 2003 Your Portfolio Holdings AMOUNT SW 049.51880 281 CASH & CASH EQUIVALENTS TwPAYER SSA On FM UST STATEMENT AllgUlt 29.2003 ISIS= UPS C DESCRIP80.1 SWDOLCUW SWAY AMYX NOM TULD00 CASH BALANCE 93.685 BEAR STEARNS PRIME MONEY BSMX1 112,841.92 1.0000 112.842 1.016 0.9004 MARKET PORTFOLIO CL Y DIVOEND REINVESTED TOTAL CASH & CASH EQUIVALENTS 5206.527 $1.016 EQUITIES Equities S Options MCI SWAT ($1181ATED CURRENT OtSC09113.1 SSW/CUSP ME CIUMMN MPAIAL 'COME YVAD 1%) AOL TNE WARNER INC AOL CASH 100.000 15.1100 1,511.000 AMERICAN INTERNATIONAL GROUP AIG CASH 25.000 57.7000 1.442,500 6.500 0.4506 NC BANN OF AMER CORP BAC CASH 30,000 78.0400 2.341.200 96.000 4.1005 CMGROUP INC C CASH 27.375 45.5100 1.245.836 38.325 3.0762 E I DU PONT DE NEMOURS & CO DD CASH 25,030 40.0100 1,000,250 35.000 3.4991 FREDDIE MAC-VOTING COMMON FRE CASH 30.000 52.3500 1.570.500 31.200 1.9866 MORTGAGE (F Y AML HOLE LOAN ) INTERNATIONAL BUSINESS IBM CASH 20,000 88.3300 1.766.600 12,800 0.7246 ALCOVES CORP JOHNSON& JOHNSON JNJ CASH 60.000 49.5200 2.971,200 57.600 1.9386 MBNA CORP ERB CASH 100.000 22.8000 2.280.000 40,000 1.7544 027 1001/03.1121 001 413 EFTA01322220 -n C in z -H r 8SLZSEOCIN9- ANGS I8 IJ In O IJ BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New Yak. New York 10179 (212) 272-2000 5 so STATEMENT POMO in0o3H Ann 30.2003 Septoner 30. 2003 Your Portfolio Holdings (Continued) ACCCOn moan 04901880 281 TAXPAYER AMBER O Ole Equities & Options (continued) LAST trAnallIn Anal 29. 2033 WaCET ESTOMTED CURIUM DESCRIP1100 07.400.0AIP M M Warn Wan AMPS INCOME VIEW 00 PFIZER INC PFE CASH 75,030 30.3800 2.278.500 45.000 1.9750 PROCTER & GAMBLE CO PG CASH 25.000 92.8200 2.320.500 45.500 1.9608 Total Equities& Option5 520.728.086 5407.925 TOTAL EQUITIES 320.728086 3407.925 &WED 000.101 rR near ant SillOCORY aeu nam Sens On 00 Moven C— Not BroOtio. in Tot 112014069 R12I 272.1000 INSTITUTIONAL INTERESTS NC #2 YOUR TOTAL ESTIMATED ANNUAL INCOME 5408.941 YOUR PRICED HORTVOLIOHOLDDIGS $20,934,613 Transaction Detail MONEY FUND ACTIVITY DUE I ow 11010.4110i 08/30/03 asoArmov OPENINGBALANCE 112.754.13 SYPAIOUCILOP 00151 MOM DM MOM 09/02/03 DIVIDENO BEAR STEARNS PRIME MONEY 851.03( 97.79 MARKET POR170U0 CL Y RECORD 013/29/03 PAY 013/29403 09/02/03 REINVEST BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL REINVEST PRICE 3 1.00 EISFACC 87.79 87.79 82T 1001/001111 001 1113 EFTA01322221 I SVSZZOO-V.L.43 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stems & Co. Me. 383 Madison Avenue NOW YC1R. New York 10179 (212) 272.2000 6 09 Transaction Detail (continued) 0 MONEY FUND ACTIVITY (continued) DATE µidly TIEUES/CRON oiscpso03 STIPTOLICUSIP oumarry Pita 09/30103 CLOSINGBALANCE 112.841 92 TOTAL DIVIDENDS -n C rn r _ 6SLZS£00 INS ANGS ClUatt) nob:4nm rts 1..esouv OWNED IMMOARY Ow Sitars SeCUIRES Carp. Coe Weetedi Orin WOO &WOE" Na, Tot 11201.1119 272.1000 INSTITUTIONAL INTERESTS AC 02 STATEVEST AERti) AusEW 39 2003 NAGA* September 30.2003 ACCOUNT uu•SER 049-51990 291 TAXPAYER REAMER n.9 EDP EAST STATtEArC A9961 29.2003 DEW AMMER CREW AMOUNT 5.87.79 58739 GATE DESCRIPTION SMOUCUSIP oummy PATE ($) OMR MOW CRICD IMOIMI 09/04/03 PFIZER NC PFE 75.000 0.1500 11,250.00 REC 08/15/03 PAY 09104103 09/09/03 JOHNSON& JOHNSON ALI 60.000 0.2400 14.400.00 REC 06/19/03 PAY 0910903 09/10/03 INTERNATIONAL BUSINESS IBM 20.000 0.1600 3.200.00 TAPODRES CCRP REC 091903/03 PAY 09/10r03 09/12/03 E I DU PONT DE NEMOURS & CO DD 25,000 0.3500 8.750.00 REC 013/15/03 PAY 09112/03 09/19/03 AMERICAN INTERNATIONAL GROUP AIG 25.000 0.0650 1,625.00 INC REC 09/05/03 PAY 09/1903 09126/03 BANK OF AMER CORP BAC 30.000 0.8000 24.000.00 REC 09.05/03 PAY 09/26103 09/30/03 FREDDIE MAC-VOTING COMMON FRE 30.003 0.2600 7,800.03 (FORRT MERLY FEDERAL HOME LOPAI MOGAGE REC 09/1SMZ 09/3003 TOTAL $71 025 00 UPI 10031/03:1121 001 YIil EFTA01322222 0 z m C in z -H r 09LZSEOCIA19- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & CO. Inc. 383 Munson Avenue New Yak. New York 10179 (212) 272-2C00 7 w Transaction Detail (continued) INTEREST DAR OFSCRIFIEN 09122)03 INTEREST ON CREDIT BALANCE AT 0 1/2% Osiv2i DiRu 09/20 TOTAL 50.180../0731, Cain TrotOinm ns wkoirf ~OD aSSAY 1w. San Stonkes CO' Ow "Vann Caws NM' ikon". 77" York 11201.3859 Irk 272.1000 INSTRMONAL INTERESTS NC •2 SurDer oeP700 August 30.2003 714".737, Starnber 30. 2003 ASR Niemen 049.51893 281 memo:I NM.1.lER On Fik LAST surrwrwr Fops* 29.2003 COMM AMC Oa arT MWC CROW MAO", 0.5000 16.30 516.30 027 1001011121 001 V113 EFTA01322223 -n C in r T9LZSEOCIN9- ANGS BEAR STURNS COME SERVCRG YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Mason Avenue New York, New York 10179 (212) 272-2000 Your messages Bear, Steams Securities Corp. Net Capital and Net Capital Requirements: At May 31. 2O03 and July 31. 2003, the Companys net capital of approximately 52.4 billion and $3.0 billion was approximately 6% and 7% of aggegate debit items and exceeded the minimum regulatory net capital regtirement of approximately $799.5 million and 5904.4 million by approximately S1.6 billion and 52,1 billion, all respectively. A complete copy of the Bear. Stearns Securities Corp. Statement of Financial Condition is available on the web site www.bearstearns.uxn. Alternatively, to request a free printed copy please cal • toll free 1.866-299-9331. Ca' CUARED THROUGH ITS MOLLY nab SASIYARY be«✓ San Swan Orp arc lanach Calm Net" bag" Nom ♦M 112014169 t2121272.1000 INSMUT1ONAL INTERESTS NC #2 snmerer moo August 30.2003 THROW,. Seinfritret 30.2003 rccouwr sweet 049.51880 an TwAYEA I/JUDEA On Ha LAST STATEWNT August 29, 2003 Securities and other assets in your account are the firm's collateral for any margin loan made to you, If the secuities 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 sea securities or other assets in any of yocr accounts held with the member, in order to maintain the required equity in the account, It is important that you fully understand the risks invoNed in trading securities on margin. These risks include the following: You can lose more funds than you deposit in the margin account. The firm can force the sale of securities or other assets in you account(s), • The frm can sell your securities or other assets without contacting you. ' You are not entitled to choose which securities a other assets in your account(s) are liquidated or sold to meet a margin cal. • The firm can increase its 'house• maintenance margin requirements at any time and is not required to provide you advance written notice. • You are not entitled to an extension of time on a margin call 02, COI 1413 EFTA01322224 VSPSZZOO- V1.43 (-) 0 z m cim z H r Z9LZS£00 IND ANDS BEAR STEARNS MCC SERVICING TOM ACCOUNT Sear. Steams & Co. Inc. 383 Madsen Avenue NOW York. New York 10179 (212) 272-2000 This statement is provided to explain Bear. Stearns & Co. Inc.'s (MC) payment for order kw 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. STOPI End or Statement CZ' [MARCO THROWN 103 V.1400.3 OWNED 13.111.1110Vin• Mgr Sten Starnes lop. Crog insatch Grier WI, alder, Not 103 11201.3559 222,1000 2123 INSTITUTIONAL INTERESTS NC 92 STATtittNI ent00 3.L.S.u12 30.2003 rpiliCO2.4 Septentor 30.2003 ACCOUNT 5.1)091121 040-51990 291 13102AYER 11114950 On ft LAST SUMO? AIMS( 29. 2003 Pursuant to SEC Rule 119c1-6. please note the following: Bear. Stearns & Co. Inc. will post its quarterly routing statistics at the following web ink: http://wmv&earsteams.comf. Click on Individual Irrrestor, Click on Equities, Click on Order Routing Practices. Customers of Bear. Steams & Co. Inc. may request information on any order executed within the prior six months from the time of the request. Specifically. you may request the identity of the venue to which the identified orders were routed for execution. whether the ceder was directed by you to that venue. and the time of the executions, if any, that resulted from such orders. 027 1001/03;ii:21 001 1013 EFTA01322225 atuaiD THROUGH rrs woµv ITE4E0 $1.62/6.411T 55175ZZOO- V1.43 T4iNaGUNO0 BaSECICMANCIS BEAR STEARNS OFFICE SERVCMG YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madsen Avenue New Yoh, New York 10179 (212) 272-2000 Ow Ream Sees co. . Me wawa cow mai armor ism art 201.3030 12121 272.1000 INSTITUTIONAL INTERESTS NC #2 ACCOUNT EXECUTNE GREEN8ERG.ALAN C. STAW n.100 July 26.8703 TELEPHONE (212)272-4605 Tent .441.4t 26. 2003 VISIT OUR WE8SRE wateanteams.com What's In This Statement Illtlllmrrlrmllll I I recourr rousse TAIMAYIR WIMP 049-51880 211 OfIrde Financial Summary Your Portfolio Holdings 3 4 INSTITUTIONAL INTERESTS A/C 42 C/0 FINANCIAL TRUST COMPANY OUT menace, NH 25.2003 ATM LARRY KEMP Transaction Detail 6100 RED HOOK QUARTER Fund Activity 6 SUITE B-3 ST THOMAS VI 00802 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERM 20.777.706 Market Value of Your Portfolio cash&Eq.n.,km—I 1135.397 1114.233 NET CREDIT EIALA/CE 22.643 Ecimes 320.777.706 321.368,709 MONEY MARKET FUND °MANCE 112.754 Come market Was NET EQUITY THIS PERIOD 620.913,103 Last statement's marts maw NET EQUITY LAST STATEMENT 21.483,942 CHANGE SINCE LAST STATEMENT -570,839 There are no Stop Loss orders or other pending buy or sell open orders on file for you account. Memo noon any Orane or ronoong of chile% et WOO; afrated a* ettnoned Sfleo. P CMM Sena. <0.141.14-142.1. a **a IC Del ?awn it a... Sole co,. One Weerach Goner \or, EleoPI7T I in' aMi " !al Ps nontnarYOO-00,771-1.IT Pal,01.1 ON/. IN ma ramate wow aumais ht fixeren sto7.0 Ttanta1P ).2‘r matt. Sac Imo m PIP Iv hese •Ionnsacn Cr 0&3003;13'41 001 Important Message Bear Stearns IS pleased to announce our ccoverson to a calendar month-end statement. Effective September 2003.your account Staletllefft reelect all actntty aril account valuation up to and including the last business day or the month. V/312 EFTA01322226 CULUtC0 ThOtOtalm NICLaY ONMED SUIISOYAY Bet Stan Setullatt Carp. Venle01 Cann Meath bnoldr. Mat Tat 11301.3859 1212]211-1000 INSIIIUTIONAL INTERESTS NC #2 2 et • 9SPSZZOOV.L43 0 0 T I C in z -H r _ P9LZS£00 IN9 ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 02? Oftletal 13 as CO1 VO12 EFTA01322227 CLEARED 11410JCP. PS W1100, 00.24.0 SL/820C4ARY BEAR STEARNS OFFICE SERVCING MR ACCOUNT Bear. Stearns b Co. Inc. 383 Matson Avenue New Tort. Now York 10179 (212) 272-2000 3 0. r. Cash Flow Analysis TIPS PERIM Income Summary DRIPM60 Ma/006TE Opening Balance 51,686.28 DINclends 21,162.44 180.785.31 Creek Balance IM. 1.67 6.097.03 Money Fund 206.19 0 0 z Ohidendsarearest Amount Credited Money Reid 20.957.92 521,164.11 -206.19 Total $21.164.11 Portfolio Composition 5186.882.34 m Amount Debited 5.206.19 Cash/Cash Earn** 135.397 Net Cash Activity 20.957.92 footles 20.777.706 C in z Closing Balance $22.643.20 Total 520.913.103 r S9LZSEOCIND- ANGS Cash Balance Summary O.O5PC Cash 1.685.26 22.64120 Net CashBalance 51.685.28 522.643.20 0/7 0.1OO3 13 85 001 Etas Sane Stone Cop aAltlittsch Cm* Wt. Ifrookan. 112A, Tat 11201.3859 2721000 INSTITUTIONAL INTERESTS At *2 STAT.-12er nnoo by 76. 2003 T1010LCal Aulani 29.2003 woman wykER TAXPAYER MASER LAST STATSPSH1 049.51880 281 On Tic July 25.2003 Your Portfolio Allocation — Equibe2 99% enual 'NOM Ora, 090 ban ar.3,a• vele rya 00 rtioprion :ewer's n xenme hp, to *Nan yin ,Vlit U wr POit0 X1112 EFTA01322228 8StSZZOO- V1-43 0 1 1 rn r _ _ 99LZSE00 IND ANGS BEAR STEARNS (»ME SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Mason Avenue New York. New York 10179 (212) 272-2000 4 at Your Portfolio Holdings STAIWa7 P15100 498090m ACCOLW Nana Ay 26. 2303 Augur 29.2003 049.51880 281 CASH & CASH EQUIVALENTS TAXPAYIM NWSIZR On File LAST STATaaT 9.1y 25. 2033 satin ISTMAIED CUMIN, DISOWIION SnitOu0.MP OkuN1117 316CE VA11E IMliM P40Ma TOD IN CASH BALANCE 22.643 BEM STEARNS PR/ME MONEY 8SIAKK 112,754.13 1.0000 112,754 1,028 0.9099 mARKET PORTFOLO CL Y DNIDENO REINVESTED TOTAL CASH & CASH EQUIVALENTS 9135.397 51.026 EQUITIES Equities & Options DESCR910% snmoueusr ART TYPE COMM IRa WAND ISlMAI[D WOK 444444 INCOME DAMEINS MILO OR AOL TIME WARNER INC A01. CASH 100,000 16.31503 1,636.000 AMERICAN INTERNATIONAL GROUP MG CASH 25.000 59.5700 1.489,250 6.600 0.4365 INC BANK OF AMER CORP MC CASH 30000 79.2500 2.377,500 96,000 4.0379 CITIGROUP INC C CASH 27.375 43.3500 1.186,706 38,325 3.2295 E I DU PONT DE NEMOURS & CO CO CASH 25.000 44.7400 1.118,500 35.000 3.1292 FREDDIE MAC-VOTING COMMON ERE CASH 30.000 53.1500 1.594.500 31.200 1.9567 (FORMERLY FEDERAL HOM LOAN moRTGAGE CORP) INTERNATIONAL BUSINESS IBM CASH 20.000 82.0100 1.840,200 12.800 0.7804 MACHINES CORP )3101SON& JOHNSON .IN.I CASH 60.000 49.5800 2.974.800 57.600 1.9363 MBNA CORP KRB CASH 100,000 23.3400 2,334.000 40.000 1.7138 027 ~3:1244 001 0.SARED ~CUM ITS ~OW OHO) SLIalOtaY Pay. Se" Stata Cn Itaaa Cat lath anal RA al 11204859 C2121212,10:0 INSTMR1310.1. INTERESTS NC 02 EFTA01322229 =ARC0 THROWN ITS IvACCLY °MED SuISSIDORY BEAR STEARNS OFFICE SERVICING YOUR ACCOUS// Bea Steams 8 Co. Inc. 383 Madison ATVS New York. New Yak 10179 (21 2) 272-2000 S a4 Your Portfolio Holdings (continued) Equities & Options (coronued) - z (*SCRS:A 00.110)0AIP ACCI nn ammo IIARRO rMu %RUC ESTIMATED MSS MSC MST MILD MO PFIZER INC PFE PROCTER & GAMBLE CO PG CASH CASH 75.000 25.000 29.9200 2.244.000 87.2900 2.182.250 520.777.706 45.000 45.500 5407.925 2.0053 2.0850 420777.706 5407.925 YOUR TOTAL ESTIMATED ANNUAL INCOME 5408.951 C rn z -H YOUR PRICEOPORTFOLIONOLDINGS 520.913.103 Transaction Detail MONEY FUND ACTIVITY r L9LZSE00- 019- ANGS DATE MST SSW( 07725/03 OPENINOBAUANCE 112.547.94 SWOON STIMUCUSP Bev. Sown( Sslas Cap. Ont StrAO1 Sr Math 0s*" New Ton 11201.3550 (2121 ZTAI000 INSITIUDONAL INTERESTS ABC 02 STATUS POLS AS/ 26.2003 SOAR AUgal 29.2003 AKOCANT SUR 049-51880 281 TAWAS 741.0407 On nk kat SCAMS( _Of 25.2003 CRIANITIV MCC CS SUM CRIDIT MAST 08/01103 DIVIDEND BEAR STEARNS PRIME MONEY BSAIM 208.19 MARKET PORWOU0 CL Y RECORD 07/31103 PAY 07/31/03 08/01/03 REINVEST BEM STEARNS PRIME MONEY MARKET PORTFOu0 CL Y REMISS Pft/CE 1.00 6.5MU 206.19 206.19 027 0YF00:13:43 0O1 VS12 EFTA01322230 rn I8 1,4 La O IJ -n C in r 89LZSEOCIN9- ANGS BEAR STURNS OffICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Mattson AMIN) New York. New WV 10179 (212) 272-2000 6 e4 Transaction Detail (continued) MONEY FUND ACTIVITY (continued) out wwr MISR°. DESCRFION SYMIOUCIEW CLEARED THROW,. rT9 mtaµY 0A00.0 SuStuOwar Sts. Swan Sricult.is Cap. One Women, Ow& No% weer. iiet et 201.35S9 RI2) 2124000 INSTTRMONAL INTERESTS NC 402 sumac PEROO My 26. 2003 tHitaxof ALgust 29. 2003 ACM:Kr µum 04941990 281 TAXPAYER n.sw90‘ On Fie LAST stmortra Jut/25. 2003 Oman 1.11ZE Dan MOW OREM AmOva 08/29/03 CLOSINGBALANCE 112.754.13 TOTAL $406.19 5206.19 DIVIDENDS MIT teSCRIPTESI STIMOUCUSIP OVAWMY RATE 0) DER NOSE MOO SOW 08/15/03 PROCTER & WANE CO PG 25.000 0.4550 11.375.00 RIC 07/1103 PAY 08/15103 0022/03 CMGROuP INC REC 08/04/03 PAY 03/22/03 TOTAL 520.956.25 INTEREST DAIS OESCAPt10.4 SYMRO-CuSIP ctAsItry RATE 14 OMIT WW1, CROXI AMOUNT 08/21/03 INTEREST ON CREPT BALANCE 0.5000 1.67 AT 0112% 07121 IHRU 08/20 TOTAL 51.87 27.375 0.3500 9.581.25 On W1003:1343 C01 tI2 EFTA01322231 l9tSZZOO- V1.43 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams 8 Co. Inc. 383 Madison Melba New York. New York 10179 (212) 272-2000 CLEARED nbab50. rts MC4.Y (WOOD SUBSOVICY On. Sian Marne Corp. One Wray" Cn Wain ITTOTAt t Nev TO% 11Z01.38S9 IVO 273.1000 INSTINTIONAL iNTERES15 NC *2 ACCOUNT EXECtnNE GREENEIERG.MAN C. TELEPHONE (212)272.480S viSIT OUR %EMIT ww.bearsteems.com STATEMENT PEA CO nectax2s4 IMO 28.2003 417 25. 2003 What's In This Statement I I ACCCur Pe' lonot TAXPAYER MAMMA 04541550 281 On Fan Financial Summary 3 INSTITUTIONAL INTERESTS NC 1t2 NET STATEMENT Art 27.2003 Your Portfolio Holdings 4 010 FINANCIAL TRUST COMPANY Transaction Detail 5 ATTN LARRY KEMP • 6100 RED HOOK QUARTER 0 Fund Activity 6 SINE B-3 0 ST THOMAS VI 00802 TZ i t C in Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERCO 21.369.709 Market Value of Your Portfolio can Egrasen _II 5114,233 5633.821 NET CREDIT BALANCE 1.685 Cowles 521.369.709 MONEY IAARAET RED BALINCE 112.548 520.275.749 MS Omni mwter TAW NET Worry nos moo $21,483,942 tap gattenenCS malice vain. r NET EQUITY LAST STATEMENT 20.909.370 CHANGE SINCE UST STATEMENT 574.572 _ 69LZS£00 IND ANC'S There are no 'Stop LOSS' orders or other pending buy or sell open orders on file for your account. [Tense nor. an' Mertw n tanntept ti Owns st WA. natrea in tenors, n m. te 'ben, Swat. M W4.11,0*. amt. n Oen, lavas M Sea SWF6 Snubs Cap. Or* Monts. Cana Onottr. Hy 1120.0(49 t The wary e be Manta* Tu,OStn ten.. t o nX.MinCed elates downed. 1744 'eternise IASI be nr.eiltb let Kir reeern See 'twee int nportert nionnincre 017 0275931033 COT EFTA01322232 awn: 'warn ITS wricsa.v 0.003 St-i341Cav Ow. Steams Stator Cop. One Matte* Cow Nod, 8rto.Or. Mn Yvt 11201.3859 (2121 ]l2.IOA INSTITUTIONAL INTERESTS NC *2 2 a r rn IS IJ U.) La 10 1.0 O z ii C in z -H r OLLZSEOCIA19- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 027 omunie,13 001 von EFTA01322233 BEAR STEARNS 09910E SERvICAn YOUR ACCOUNT Bear. Steams & Co. Inc- 363 Madison Avenue New York. New Yoh 10179 (212) 272-2000 Cash Flow Analysis "C PERIOD Cash Balance Summary CeMPC aosec OpeningBalance Money Fun Dividocchilnrerest 921.629.88 500.556.95 13.205.15 Cash Net Cash Balance 21.629.88 521,629.88 1.685.28 51,685.28 0 Amount Credited Securbes Bought $513,762.10 -533.149.75 Income Summary -n Money Fund .556.95 MS PERIM TUS MOAN 13.756.95 159,622.87 Amount Debited $-533,706.70 Credit Balance IM. 5.15 6.095.36 C in Net Cash ActMty Closinpealance .19,944.60 51.685.28 Total 913,762.10 5165,718.23 Portfolio Composition Cashnash Equwaierr, 114,233 r Equities 21.369,709 Total $21,483,942 ILLZSEOCIN9- ANGS I8 IJ IJ La 021 OMS423.10 33 001 GEARED TeROLIM ITS WittOLLY 0M.SD Su•SOWee bee. Sure Minn COrit. Ore Wenn CANN Walt lieclOye 12rw al 20 3811 WIZ 272.1(310 INSINURONAL INTERESTS NC *2 SUMMIT Tate An 28.2007 T2 G1 key 25.2003 ACCOUNT r•JultEtt 049.51880 281 lAkkuvER Mane Oen* UST STATTATIM An 21.2003 Your Portfolio Allocation 99% Uttneet texas Oen dept Mtn wow .al nem yarn The elecaign teNMn2e Oleme Cr • IN tl iblelit mat< N4* cf Nut :bib:, 311I EFTA01322234 0 0 z -n rn z r ZUZSE00- IN9- ANGS Ip O IJ tn BffiR STWRNS OFFICE SERVICING YOUR AFD0INT Bew. Stearns & Co. Inc. 383 Madison Menu* New Yak, New Verk 10179 (212) 272-2003 4>7 Your Portfolio Holdings CASH & CASH EQUIVALENTS CISCRIPI1Cel CASH BALANCE SMIDOUCUS, CUMen ~MS OUNITITI YAWL ANlea leteMe MON 1,685 BEAR STEARMS PRIME MONEY I3SMXX 112.547.94 1.0000 112.548 1.035 0.9196 UNMET PORTFWO Cl. Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS 5114,233 51.035 EQUMES Equities & Option* ~MON STIMOVeU9P ACCT asemv Kea «PIT WWI UM" Mews ~et CØ VIEW N AOL TIME WARNER INC AOL CASH 100.000 15.3200 1.532,000 AMERICAN INTERNATKOML GROUP MG CASH 25.000 64.6500 1.616.250 6.503 0.4022 INC BANK OF ARIER CORP BAC CASH 30.000 83.5300 2,505.900 96.000 3.8310 CMGROUP INC C CASH 27.375 45.7300 1.251.859 38.325 3.0614 E I DU PONT OE NEMOURS & CO DD CASH 25.000 44.6900 1.117.250 35.000 3.1327 FREDDIE MAC-VODNGCOMMON FRE CASH 30,000 50.7500 1.522.503 31,200 2.0493 (TORLERLY FEDERAL HOIÆ LOAN MORTGAGE CORP) INTERNATIONAL BUSINESS IBM CASH 20.000 83.6700 1.673.400 12.800 0.7649 MACCES CORP JOHNSWA JOHNSON Ml CASH 60.000 52.2300 3.133.800 57.6C0 1.8380 IABNA CORP KR8 CASH 100,000 23.0:X0 2,300,000 40.000 1.7391 rim.% nROurin rts ~Xis Piste 9..e3Owee Ster. Sion Sean« nip OM &MOON — lear, ~Jr. He. 'yen 112014659 121212124000 INSTITUTIONAL INTERESTS NC #2 STATBARIT neb00 June 28. 2003 Ju/y 25. 2003 AOCCLMT 1CUrati, 019-51880 281 nap:~ M. On ne L.4- sinwevr June 27.2003 02, outset-lass an ben EFTA01322235 59175ZZOO- V1.43 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Memo New Vat, New Wyk 10179 (212) 272-2030 5 C 7 Your Portfolio Holdings (continued) Equities & Options (contive0) WW1 ETNA= CURRENT DESERPRON EVIABOIXUSAP Swim PRIX MIX AMUR. MOW YIELD CIO PFIZER INC PEE CASH 75.000 33.0400 2,478.000 45,030 1.8160 PROCTER &GAMBLE CO PG CASH 25.000 89.5500 2.238.750 45.500 2.0324 0 Total EquItles8tOptions $21,369,709 5407.925 TOTAL EQUITIES $21.389.709 5407.925 -n C in z -H r £LLZS£00 IND ANGS YOUR TOTAL ESTIMATED ANNUAL INCOME $408.960 YOUR PRICEDPORTFOLIOHOLDINGS 521.483.942 Transaction Detail INVESTMENT ACTIVITY OZAUD "AROMA n's vMOur DATED SUSSIDAARY Ow Sews Sean*, Cap. Oro IMintecn Grow Mon ettotbit Ns Tett 112014/59 RIZ 272.1000 ISISTffUTIONAL INTERESTS AFC 02 STAllDiENT PERIOD Ane 29.2003 niROUOM My 25.2003 Accoon TIMIER 049-51880 281 TAXPAYER maTER On file mar meager Ant 27.2003 SITTWAINT TRAM DATE DATE TRANSACTION DESCRSTKIN SYWOUCUSP OUNRITA PRICE COM WWII tette MAXIM' 07/08)03 07102103 BOUGHT FREDDIE MAC-VOTING COMMON FRE 10.000 53.00000 533.149.75 (FORmERLT FEDERAL MIME LOAN MORTGAGE CORP) CISCRETONARY ORDER TOTAL 5-533.149.75 027 07/26,01 16 33 OCT veil EFTA01322236 MIMED THROW,. ITS muCtsv arm SLESCHAY 99175ZZOO- VIda 0 -n C in r PLLZS£00 LAID ANUS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New Yak. New York 10179 (212) 272.2000 6 07 Sear. Simms Swan Cep. Olt Mama Cs Tam RN*" kew Tat 11201-3850 am211272.11:00 INSTITUTIONAL INTERESTS NC e2 STATEWETIT PEPSICO Arne 28.2003 Transaction Detail (continued) imAOLAIm MAYER Aswan At8 25. 2003 049-51880 281 On Flit TAXPAMER 'meant MONEY FUND ACTIVI7Y 017E µST STATEMENT Wm 27.2003 DESCRIPTION SVAII01/0.5, MAMMY MCC NWT wpm CREPT MOUS, Leen IRMISCIION 06/26/03 OPENINGBALANCE 611.990.99 07/01/03 DMDEND 07/01/03 REINVEST BEAR STEARNS PRIME MONEY MARKET PORTFOUO [L I/ RECC48) 06/30/03 PAY 06/30/03 BEAR STEARNS PRIME MONEY EISACC( awn 556.95 556.95 556.95 07/10/03 SOLD MARKET PORTFOLIO CL Y RENVEST PRICES 1.00 BEAR STEARNS PRIME MONEY BSVOC( -500,000 1.0000 500000.00 07/25/03 MARKET PORTFOU0 CL Y CLOSINGBALANCE 112.547$4 TOTAL 5.556.95 5500.556.95 DIVIDENDS OAR COMMON STVECUCUSP CRIMMY ROE CM 06/30/03 FREDDIE IAACNOTING CO/A*3N FRE 20.000 0.2600 (FMtMERLY FEDERAL HOME LOAN MRTGAGE CORP) REC 06/16/01 PAY 06/30103 OM WNW MIXT WONT 5.200.00 07101/03 MBNA CORP KRB 100.000 0.0600 8.000.00 KC 06/13/03 PAY 07)1n3 TOTAL 513.200.00 027 oMeenn33 oar ven EFTA01322237 CIEAss0 TKROuCtm ITS %Otto( PANED Sulisewre BEAR STEARNS OFFICE SERVICIVG YOUR ACCOUNT Boar. Steams & Co. Inc. 383 Madison Avenue New Yak. New Yak 10179 (212) 272-2CCO 7 cl 7 Transaction Detail (continued) INTEREST OAR OCSCROMII sueedatir Bee. Steers Semites Cep. Ore Verown Caw Mem lioedri. New Vet II ZOI.SIAS9 (CIO 272.1000 INSTIRMONAL DITERESTS NC *2 STAlluesT MOOD lune 28.2803 THI1C4CAt ACT 25.2003 AcCO‘Air noweCt 049-51880 2131 TAWAYER MAIER On fle LAST STATE...re Me 27.2003 Mumrry Mix (19 CELT MOM eine MA:Wir 07/21103 MEREST ONCREDIT BALANCE 0.7500 0.17 AT 0314%06/21 THRU 06/24 07121103 INTEREST ON CREDIT BALANCE 0.5000 4.98 0 AT 01/2% 06/25 THRU 07/20 TOTAL 55.15 -n C in r SLLZSE00- 019- ANGS STOP End of Statement OST OMV33:1Ct33 COI 'al 1 EFTA01322238 89PSZZOO- V1.43 0 z ii C rn z r _ 9LLZS£00 IND ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Des. Steams & Co. Inc. 383 Madison Avenue New York. New York 10179 (212) 272-2C00 ACCOUNT unmet GREENBERG.ALAN C. TELEPHONE (212)272.4805 VISIT OUR MOSUL anyw.bearsteams.com What's In This Statement Financial Summary 3 Your Portfolio Holdings Transaction Detail Fund Activity 6 Your Portfolio at a Glance TOTAL VALUE Of SECURMES THIS PERIOD NET CREDIT EIAIANCE HONEY MARKET FUND BALANCE 20.275.749 21,630 611.991 NET EOWTY hag PERTOO 520.909.370 NET EQUITY LAST STATEMENT 20,677.883 CHANGE SINCE LAST STATEMENT 231.487 There are no Stop Loss' orders or Other pending buy or sell open orders on file for your account. I INSTITUTIONAL INTERESTS A/C 00 FINANCIAL TRUST COMPANY ATTN LARRY KEMP 6100 RED HOOK QUARTER SUITE 8-3 ST THOMAS VI 00802 Market Value of Your Portfolio Cash & WHAM 3.621 $2711.150 aS1 $20.275.749 EqUelea sellIMMIEW 0.065.723 Anse bees we Monne a noneeceR w el•Kss a Ss ebbs es oaten b b Oen Sewer ele00{04-142A et nee * Cies Sewn It Nee fawn Searles Car. On Wenn Cent web. been, ' DO al* MO CUM% nine. WOWS - USD Statements market vac CLEAR= TAROVOI ITS MOLLY OMIGO SUSSVARY W. Seisms Swell* Ora On Mettesch Cents MST Erealtr Pre en 70141S9 12121 2724020 INSITRMONAL INTERESTS NC 12 SUYDAM' PIP= Wry 31.2003 TilleCOOlt AIM 27.2009 AVOW! Hamar 049-51580 281 TAXPAYER FARMER On rile LAST stArcucer May 30.2003 Si IDA tannin le le blemettbas' Probes PIS. X INT waded 31 It nonre nes Osteten *WO be Winn ?Or Deus retells Sr Tossesebbkr enprtre Mannar 021 OVPIAD3.1P0a CV Important Message Conarmation: Unless we hear from you to the contrary, it is our urclerstanOng that any free credit balances et your account are being maintaned to laciest° your Attention to Wriest such amounts through us. "Co EFTA01322239 CLEARED THROUGH ITS wHOUN — SLOSSAY apas Stevie Swan Cap. One Us Mach cut Wan tircettp. Mew Vita 11201.11159 GPM 272.1003 INSITRRIONAL INTERESTS NC *2 2 a+ 69PSZZOO- V.L43 0 z ii C in z -H r _ LLLZSECIO IND ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 021 060:103.I2 00 00i NCR EFTA01322240 OLVSZZOO- V.L43 BEAR STEARNS OFFICE SERVICING YOUR ACCCtAIT Seat. Stearns & Co. Ix. 383 Madison Manua New Talc New York 10179 (212) 272-2000 3 a7 Cash Flow Analysis nes n Cash Balance Summary 07414114 =SSG Opening Balance 52.032.811.00 Cash 2.032.811.00 21.629.88 Money Fuld 67.642.13 Net Cash Balance 52.032.811.00 521.629.88 0 0Mdends/Intorost 50112.00 0 Amount Credited 5117.754.13 Securities Bought -2.128.293.12 Income Summary m Money Fund -642.13 1145NRE10 IDA 70 Ont Ceddends 49.86713 145265.92 C in Amount Debited Net Cash Activity Closing Balance 5-2128.935.25 -2.011.181.12 521.629.88 Credit Balance Int. Total 887.00 550 754.13 6290.21 5151 956 13 Portfolio Composition Cash/Cash Councilors 633.621 r Equities 20.275.749 Total 520.909.370 _ 8LLZS£00 INS ANGS 027 C62804 '707 071 CLEARS0 1NROuOm AN= CroNED SUSSOIA/tf Sew Sans 50:10bei De Ilerofech Center 183, Poo", Nes orl, 20 3939 CM) 2/2.1000 INSTM/TIONAL INTERESTS MC 02 sTATRIAD.7 ream May 31. 2003 710i0.1311 kale 27. 2003 ACCAXt0 %MOIR 049-51800 281 TAxiweot kisiorR Fie LAST STATEINI00 WO 3D. 2003 Your Portfolio Allocation Cash A Equrialent — I% — Equ Lts 97% 2%-and 0,06 000 Vance mike Ymyt rni001 .1Os. The *loan, prep AT0)00 !tun O. Reek', TW*11 v00 0 0.0 1:040. 'et°, EFTA01322241 Olaf 0 TriSOUGH ITS vmou3, Own= SUSSOsuir I LVSZZOO- V1.43 0 E I C in z r _ 6LLZS£00 019 ANC'S BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Steams & Co. Inc. 383 Madison Avenue New Talc New York 10179 (212) 272-2000 Sew SIWOS seances Cap. Of Wm/a One Nolh aver. New et 20 323 1212) 272.1000 INSTITUTIONIU. INTERESTS MC o2 STATEwEeT PEI000 May 31.2003 IHROUON An 21.2003 Your Portfolio Holdings CASH 8 CASH EQUIVALENTS maccuct mama tAXPAYIN IiASCR 049-51880 281 On Re LAST STAtfliENT May 30.2003 WSW WAM RM CO (*SCRIMS SMOKIV0192 OLIANITIV MU( moon (S WON MD CY) CASH BALANCE 21.630 BEAR STEARNS PRIME MONEY esmxx 611.990.99 1.0000 611.991 6.304 1.0301 IMPACT PORTFOLIO Cl DivOEND REINVESTED TOTAL CASH & CASH EQUIVALENTS 3633.621 56.304 EQUMES Equities 8 Options ACCI WU, ESTWED MAW OLSCRPTION 57100UCLISIP Nfl OUMITIrt PRICE MIX swum NONA 210.0 AOLDME WARNER INC AOC CASH 100,000 15.8200 1,582.000 AMERICAN INTERNATIONAL. GROUP MG CASH 25.000 55.6900 1.392.250 5.200 0.3735 NC BANK OF AMER CORP BAC CASH 30.000 79.6100 2.388.300 96.000 4.0196 CMGROUP INC C CASH 27.375 43.0100 1.177.399 21.900 1.8600 E I DU PONT DE NEMOURS & CO DO CASH 25,000 41.8300 1.045,750 35,000 3.3469 FREDDIE MACNOTINGCOMMON FRE CASH 20.000 50.0000 1.000.000 20.800 2.0800 MORT (FORMERL E Y CORP) EDERAL HOME LOAN GAG INTERNATIONAL BUSINESS IBM CASH 20.000 83.4200 1.668.400 12.800 0.7672 MACHINES CORP JOHNSON& JOHNSON JNJ CASH 60.000 51.5400 3.092.400 57,600 1.8626 MINA CORP KRB CASH 100,000 20.7500 2,075,000 32.000 1.5422 027 01.21.33-1200 COI 1908 EFTA01322242 rn 8 IJ IJ IJ z m C in z -H r OSLZSEOCIND- ANGS BEAR STEARNS OFFICE SERvICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue NOM Yak. New York 10179 (212/ 272-2000 5 a 7 Your Portfolio Holdings (continued) STAn7/10.7 raDOD 130tegg. ACCOUNT 0-n007, TArrAveR MAMA Mry 31.2003 Are 27.2003 049-51880 281 On Fie Equities & Options (zeitiremd) LAST STATEmew? TAay 30.2003 Reg /AMOCO ESIRIA0D CUMXI DESOOPOCIM 37100AWSP ME gummy eta "AWE gong: name int° 04 PRIER INC PEE CASH 75.000 35.0000 2.625.000 45,000 1.7143 PROCTER & GAMBLE CO PG CASH 25.000 89.1700 2.229,250 41.000 1.8392 Total Equities& Options 120,275.749 $387.300 TOTAL EQUITIES 520.275.749 5367.300 YOUR TOTAL ESTIMATED ANNUAL INCOME 5373,604 YOUR PRICEDPORTFOLIOHOLDINGS 520.909.370 CLEARED THROug. rta %MOLLY °MED 0.0SCORY Sea San Eaurbes Car One PIerrach env WM Smart. Kt volt 112014839 0121272.10V UO5111E/TONAL INTERESTS NC 42 Transaction Detail INVESTMENT ACTIVITY SEME1000 DAM TRADE Oat TRAMACTO1 DeteRPTON SildO0U015, OMMY 11efY DEM MOM 07/01/ *MISR 06/09/03 06/09/03 06/09/03 0604103 060403 06/04/03 BOUGHT BOUGHT BOUGHT El DU PONT DE NEMOURS & CO CtSCRETINA000 RY ORDER PART 35 STIR OF E I DUPONT CE NEMOURS & CO DISCRETIONARY ORDER PARTE% 25000 SHR El DUPONT DE NEMOURS& CO DISCRETIONARY ORDER PART OF 25000 SHR DO OD DD 200 1.500 23.300 43.30000 43.32000 43.45000 8.711.96 65.369.70 1.018.439.30 027 oV28.01.1 no COT VOW EFTA01322243 GAMER 114X00.4 ITS %Riau) 0/0420 ERSM0WIT ETE 8 IJ IJ --J 0 -n TOTAL 5-2.128,293.12 MONEY FUND ACTIVITY an NOWT ITWESIECRON oncmPnos SEMBOUCUSIP COWRY DIVIALOW CR= AMOUNT C in 05/31/03 OPENINGBALANCE 678,346.86 06/02/03 DIVIDEND BEAR STEARNS PRIME MONEY BSke0( 642.13 MARKET PORTFOLIO Cl r RECORD 05/30/03 PAY 06/30,03 06/02/03 REINVEST BEAR STEARNS PRIME MONEY EtSIOX 642.13 642.13 MARKET PORTFOLIO Cl Y r 06/12/03 SOLD REIWEST PRICE S 1.00 BEAR STEARNS PRIME MONEY BSMU 47,000 1.0000 67,000.00 MARKET PORTFOUO CL 06/27/03 CLOSINGBALANCE 611,990.99 TOTAL 5442.13 867.642.13 BEAR STEARNS OFFICE SERVICING YOUR ACCOLT‘r Beer. Steams & Co. Inc. 383 Madison Avenue NEM York. New Perk 10- 9 (212) 272-2000 6 ct Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETIUMENI WOE nen out IIWISCERN 06/13103 06/10(03 BOUGHT OtSCRPTION FRECOIE MAC•VOTNG COMMON (FORMERLY FEDERAL HOME LOAN MORTGAGE CORP) AVG PRICE SMO'NN•DETAAS ON REQ ACTUAL CONFIRM TO YOUR AGENT DISCRETIONARY ORDER ay. Sown wows cap. We *wan Cow Win RES kw Yen Dwane OA 27240:o INSTINTIONAL INTERESTS NC #2 STATWET F4 OO May 31,2003 THROUGH lune 27.2003 MX0Jorr µe,1161 0.6-61680 281 RaxpAYEEI POWER On Re uer rATIRADif May 30.2003 SW3CMUSP QUANTE! P E OWE WOW, CREW 'WUXI FRE 20.000 51.49010 1.035.772.16 ISLZSEOCIN9- ANGS OMWECLRIVW 001 VOW EFTA01322244 taSZZOO- V1d3 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madsen Avenue New York. New `leek 10179 (212) 272-2000 7 0, T Transaction Detail (continued) DIVIDENDS awe= TIROCCR IS VrtiCur RR= StaSP0RRY Be, Swarm Socu•ces Cap. On Mites"' Cob, WO amt Ns Min 11201.3965 RIO 212.10:0 INSTITUTIONAL INTERESTS A/C *2 STATOR'? KROO may 31.2003 TRICA10.4 RIX 27, 2003 AoccAncr summit 049.51880 281 TASTE* IaRIMI OR Fie 'AST STATOR)? may 30.2003 OAR Otscarica TRABOUCUSIP OUNITITI FOR 10 NM Ammo LAW/ AMOUR 06/05/03 PFIZER INC PFE 75,000 0.1500 11,250.00 REG05/1103 PAY 06115.03 C) 06/1 0703 INTERNATIONAL BUSINESS IBM 20.000 0.1600 3.20000 MACHINES CORP REC 050903 PAY 06110.03 06/1003 JOHNSON& JOHNSON JNJ 60.000 0.2400 14.400.00 -n 06/2003 PLC 062063 PAY 0511003 AMERICAN INTERNATIONAL GROUP MG 25.020 0.0470 µ 1,175.00 RC REC 06,0603 PAY 062003 C 06/27/03 BANK Cf AMER CORP MC 30.000 0.6400 19,200.00 rn AEC 06.06/03 PAY 06/27/03 TOTAL 649.225.00 INTEREST OAR otscrernota STIMOUCLISP ORAMnr RATE r COO ROJO CREDIT M m r 06/23/03 INTEREST ONCREDIT BALANCE AT 0 3/4% 0921 TRIM 06/20 0.7500 887.00 TOTAL $887.00 _ ZBLZS£00 INS ANGS Eno of Statemen 027 ce-yoca .2 CO 1) Rios EFTA01322245 En I8 b.) a -A La 0 m C in r ESLZSEOCIND- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Ca Inc. 383 Madison Avenue New York. Hew York 10179 (212) 272-2000 CLEARED ThROIXtil ITS vosOur ONNID arlISOVICY Stre Sign %sullies Cap. Cr* llotroloth Owls North froolchm. New nth 11201.3159 ma 272.1000 INSTITUTIONAL INTERESTS NC #2 ACCOUNT EVECUTHE GREENISERC.ALAN C. TELEPHONE (212)272.4605 VISO OUR WEBSITE www.twarsteams.com suntan -7 'taco 11490IJGH NA 26 2003 PAY, 30.2003 What's In This Statement I I .1 ALCOUNT ocultER 300,AVER toroth 049.51880 281 Co Filo Financial Summary 3 INSTITUTIONAL INTERESTS NC 02 1.4.87 STrattiENT April 2$, 2003 Your Portfolio Holdings 4 CIO FINANCIAL MUST COMPANY Transaction Detail 5 ATTN LARRY KEMP 6100 RED HOOK QUARTER Fund Activity 5 SUITE 8-3 ST THOMAS VI 00802 Your Portfolio at a Glance TOTAL VALUE OF SECURITES THIS PERIOD 17,966,723 NET CP1EXT BALANCE 2.032.811 Cash & Rhavarent Lqubes Market Value of Your Portfolio 517 582.7.200 15.1.0 517.968.723 MONEY MARKET FUND BALANCE 678,349 S18.252.000 tau Loony THIS Peitt00 $20,677,883 Camera market vakaa go Last statements market value NET DORY IAST STATEMENT 20.039.818 CHANCE SINCE LAST STATEMENT 638,065 There are no Stop toss' orders or cow pending buy or sell open orders on file for you account NI. "act, any Vivra co nin-flagi Mb. et COLIC& 1, 1CiEtd as al-err0 lot. 'at Caen Sanaa at aftaail. van. to Don Sort.. at Saw Sr. Sacra. Ccap. Ote Waved, Caren WI.. ,oeeSn. NV. ttafr-3$59 t nn nernory is Or ettnincoal worse 050, t is .Ct licit eel as a tat exams. arm "Is unman shade be thee f r snows. $ea ram. tide fx rowan Framer. 037 4$910315'.30 001 "544 EFTA01322246 GUARS') TRIOUON ITS AVO' alB) SUISINUtt ler. Van St0.154S Ca Cat lAttettCh Ca Sloth Sam. New Volt 112014859 8193?2-100 INS111UT10NAL INTERESTS A/C #2 2 9LVSZZOO- V133 (-) 0 z m cim z H r b8LZS£00 IND ANDS STATEMENT BACKER IS PRINTED ON THIS PAGE 021 06,31103.15 30 001 'St. EFTA01322247 OSARID 11.001X04 Tr& WMOLL Cal® SYMMS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Beer, Steams & Co. Inc. 383 Madson Avenue Now Yore. New York 10179 (212) 272.2000 3 0 z -n 01 Cash Flow Analysis MS PIRKO Cash Balance Summary MORO aMao Opening Balance Securities Sold Money Fund Dividends/interest Amount Credited Money Fund $1,109,497.23 905.095.79 637.10 18.217.98 8923.950.87 .637.10 Cash 1.109.497.23 Net Cash Balance $1,109,497.23 Income Summary MS PROD 2.032.811.00 52,032,811.00 SR moot Welder& 17,802.10 95,998.79 Amount Debited 5-637.10 Credit Balance M. 1.052.98 6203.21 C in z Net Cash Actiety Closinnalance 923.313.77 $2,032,811.00 Total $18,855.08 5101.202.00 Portfolio Composition CasteCash Equivalent 2,711.160 r Equities 17,966,723 Total 520.677.883 S8LZSEOCIN9- ANGS 8 b.) V.2 —J 027 0513103.1330 001 IOW. Reams SeoriRs Ow MCM:Mth Wow awn arcoOr. 6e. vat Is wham) 12121 172.1020 INSTITUTIONAL INTERESTS NC a2 renew 10000 Apra 26.2003 72.0003o May 30.2003 ACCOUNT MAIM 049.51890 281 TAXPWER wafter, On tie LAST STATOMIta Agi 25.2003 Your Portfolio Allocation Cash & EOLOMWS 14% Equtts 86% UMINO•C rel>to irekt clot4 Warts rob atul mirxet naas. U. .law ox-...taaa &m.< ,r-x, tee! aasow Turco .s.. erytu. Pb/a. V644 EFTA01322248 8LI,SZZOO- V1.43 0 in r _ 98a5£00 INS ',NOS BUtft STUaNS OFFICE SERVICING YCYJR ACCOUNT Sex, Stearns & Co. Inc. 383 Mason Avenue New York New Neck 10179 (212) 272-2000 4 at Your Portfolio Holdings flora« FIRJOD rsoCo3/4 Aar.Cuirt >snot WI 26. 2003 May 30.2003 049.51850 281 CASH & CASH EQUIVALENTS ~aye, ~et b1.17 STATOIOST On Pie Apnl 23.2033 MARICE1 CSTIYATED CultIONI %scant. Sniecuana, D.MNDn MCI Yµ1N AMM.a1 NOW YIELD Do CASH BALANCE 2,032.811 BEAR STEARNS PRIME MONEY BSMIN 678,348.86 111300 678.349 7,462 1.1000 MARKET PORTFC07 Cl Y ONIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS 52.711,160 57,462 EQUMES Equities & Options DLICRIPTION S11111011CUSIP Acci OWNITY MARKET BIIMATED WM* AAMJAL INC Mt ~WI MO Cat AOL TIME WARNER INC AOL CASH 100.000 15.2200 1.522.000 AIJÆR1CAN INTERNATIONAL GROUP MG CASH 25.000 57.8800 1,447,000 5.200 0.3594 INC BANK Of AMER CORP BAC CASH 30,000 74.2000 2.226.000 76.800 3.4501 CMGROUP INC C CASH 27.375 41.0200 1,122.923 21.900 1.9503 INTERNATIONAL BUSINESS IBM CASH 20.000 88.0400 1.760.800 12,800 0.7269 MACHINES CORP JOHNSON& JOHNSON JW CASH 60.000 54.35C0 3.261,000 57.600 1.7663 MENA CORP IRS CASH 100.000 20.0500 2.005.000 32.000 1.5960 PFIZER INC PFE CASH 75.003 31.02C0 2.326.5C0 45.000 1.9342 PROCTER & GAMBLE CO PG CASH 25.000 91.8200 2.295.500 41.000 1.7861 Total Equities& Options 517.966.723 5292.300 TOTAL EQUITIES 517.966.723 $292.300 021 0631.W.15.ø 001 yµ4 CUARD3 ne 3u3/4 na ~MAY OnlaED 131.8,311.RY Sian Sea!~ Cop. Co/ ~OM Cato Not rpm" W. Tat 11201.3139 na-1cco INSTMMONAL INTERESTS MC #2 EFTA01322249 CLEARED ?MOWN ITS VOCALS &Ma SUSMDMRV 6aSZZOO- V.L43 0 -n C in r _ LBLZS£00 IN9 ANGS BEAR STEARNS OFFICE SEFMCING YOUR ACCOUNT Bear. Steams b Co. Inc. 383 Maktion Avenue New York. New Yoik 10179 (212) 272-2000 5 Of 6 Your Portfolio Holdings (continued) YOUR TOTAL ESTIMATED ANNUAL INCOME 5299.762 YOUR PRICEDPORTFOLIOHOLDINGS 520.677.883 Transaction Detail INVESTMENT ACTIVITY SEMISENT MAW DOE OAE TRANSMION DESCRIRIM SYMIOLCUSIP 05/02/03 04/29/03 SOLD COWMAN SACHS GROUP INC GS AVG PRICE SHONW-OETAILS ON RED ACTUAL CONFIRM TO YOUR AGENT MOP !_ner;///Y ORDER TOTAL MUMMY Ma. —m Stone Pa. OY uthroth Cr me Soli boaRn. Ne• San 11101-3050 81 21 Ma MO INSTITUTIONAL INTERESTS NC 02 STATESARC PERCO AO 24.2003 SWOON May 30. 2003 ACCOUNT MAWR 049-51880 281 ?AMMER 'wad On Fie ENT STATEMENT Aced 25. 2003 PRICE DOR WOW (3100 MADlaa -12.000 75.84430 905.095.79 5905.095.79 MONEY FUND ACTIVITY DATE LOOAY TRANSICTOR 04/26/03 OlasnlY4 OPENINGEMLANCE 677.711.76 STAMUCLIMP OUMinm PRICE Cent MOUNT CS/DIT MOM 05/01/03 DIVIDEND SLAILROURICME MONEY r RECORD 04=003 PAY 04/30103 BSMOI 011 637.10 CdniX0.15,3 Co. 1.0•4 EFTA01322250 08PSZZOO- V.L.43 0 ii C in r _ 88LZS£00 INS ANGS BEAR STEARNS MICE SERVICING YOUR ACCOUNT Be.. Stearns & CO. Inc. 383 Madison Avenue New YE& New York 10179 (212) 272-2000 6 a Transaction Detail (continued) MONEY FUND ACTIVITY (continued) CLEARED TreOLM8 nrs vreOLLY On.ED 6.831MARY Bret Sirens Sanaa Ore. Dne Verxeli CAS WM 08. 21m Mr l(/k 11201.3149 1212) 272-1000 INSTITUTIONAL INTERESTS NC #2 STMINEMT 1.0100 API 26. 2003 Tret0Lrei May 30.2003 Are,. 1.0 marere C49-51880 281 YrerefaR remlER 08 nk LAST STATEurev Apil 25.2003 (Arc VONT TONSACTIN COMPTON Snatieutp RAM Pm( Olen Ham 05/01/03 REIN)IST-- MWk kilARIWArin0 CL MONEY B.9.03I 637.10 637.10 RERNEST ME $ 1.00 Cner MCA! 05/30/03 CLOSINGBALANCE 678.348.86 TOTAL S-637.10 $637.10 DIVIDENDS DATE CeStlerere symeaUCtel• aw1TY MINE NET mom Dna MOST 05/15/03 PROCTER & GAMBLE CO PG 25.000 0.4100 10250.00 REC 04/17/03 PAY 06115/03 05/23/03 CMGROUP NC C 27.375 0.2000 5.475.00 REC 050503 PAY 06/2103 05/29/03 GOLDMAN SACHS GROUP INC 6$ 12.000 0.1200 1,440.00 REC 04129/03 PAY 05/29/03 TOTAL $17.165.00 INTEREST GR oisournoN 58.400LCUMP CUMMT2 RATE CM Cart reCan CREPT MOM 05/21/03 INTEREST ON CREDIT BALANCE 0.7500 1.052.96 AT 0 3/4% 04/21 THRU 05/20 TOTAL $1.052.98 on 4601031430 COI n44 EFTA01322251 I 8PSZZOO- V.L.43 0 0 L I C in r _ 68LZS£00 INS ANC'S OEM( SERVICING 'MR ACCOUNT Sex. Steams 8 Co. Inc. BEAR 383 MadSon Avenue New York. New Yak 10179 STERNS (212) 272-2000 CLEARED reftelni ml WMaly 0.7718) SUMMON' ler. seen Stones On One Meuctan Center Ion bcal" Mn Ven 112014150 12121222'1000 INSTITUTIONAL INTERESTS NC 02 ACCOUNT EXECUTIVE GREENBERG.ALAN C STATEW7717 PERIOD March 29.21303 TELEPHONE (212)272.4605 namori AM 25.2003 VISIT OUR WEEISITE wsectearsteems.com ACCOUNT Wag 049-5"880 281 What's In This Statement Financial Summary Your Portfolio Holdings 3 4 III IIIIIIIIII 1711 III INSITTUTTONAL INTERESTS NC in C/0 FINANCIAL TRUST COMPANY TAXPAYER KAMA tar *TATMAN, On fie Myth 28 2003 ATTN LARRY KEMP Transaction Detail 5 6100 RED HOOK QUARTER Fund Activity 6 SUITE 6-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE Cf SECURITIES THIS PERIOD 18.252.609 Cah ,,, Eq.avMeN $1,767,206 $1.620.743 NET CREDIT BALANCE 1,109.497 Equots $18.262,609 117.566.061 MONEY MARKET FUN) BALANCE 677,712 O N Owen rosette value NET ECRITTY MIS PIRTOO $20,039.818 lam statement's market value NET EQUITY LAST STMELENT 19.186.804 CHANCE SNCE LAST STATEMENT 853.014 There are no 'Stop Loss' orders or other pending buy or sell open orders on file foe your account. Pea Now sr/ dayrce or norywamO of deco or Sc,.ck Stoat) dawn. b 'RA art Sams al 0304.3Noti. ova* b CON SeAkes Neer Poem Seculys On. OS ININNO. Corer Nan arose, V 20 44.0) ac TNS nanny', is ice lifteXPDXVIPIPPOSPC PTA T IS NI MOOT as LITCONOVC INMAN Sheik te Waned Nt yoy minds. See MOM ROI Or recia:c terra*, 027 04/2401,12 72 DOI 260 EFTA01322252 CLEAJtet 714.10uCS rs yrtiOLLY IMMO StaMARY Bee. Steam StasiOft C013. Cal Paretic, term kith emir" /My en 20 SP (2121271.1000 INSTITUTIONAL INTERESTS A/C *2 2 rn 8 IJ La 00 Is) (-) 0 z m cim z H r 06LZSE00- IND- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 027 01124702:12.12 001 EFTA01322253 £8PSZZOO-V.L.43 BEAR STEARNS orrcE SERVICING YOUR ACCOUNT Bear. Steams di Co. Inc. 383 Madison Avenue New York, New Tort 10179 (212) 272-2C00 Cash Flow Analysis MIS PERIOD Income Summary IC POSED W.AR TO OME Opening Balarce Securities Said Money Fund DMdentIVIrterest 5943.713.80 897.057.20 682.95 7.676.74 0Mdends 7,882.95 Credit Balance M. 476.74 Total 18.359.69 78,198.69 4,150.23 582.346.92 0 z -n Amount Credited Securities Bouts Money Fuld 5905.416.89 -738.950.51 -682.95 Portfolio Composition Cash/Cash Equivalent 1.787.209 Entities 18.252.609 C in Amount Debited Net Cash Acurity 5-739 633.46 165,78143 Total 520,039.818 z Closing Balance 51,109,497.23 r _ T6LZS£00 INS ANGS Cash Balance Summary CPETIMG =GPM Cash 943.713.80 1.10%497.23 Not Cash Balance 1943.713.80 51,109,497.23 027 04460112 12 007 ClURED nal09051 MI 191524.59 C9,490. loatoVJtv M. Sun Smits 0a m 104entech War 16:40, 049:63445 New vat 11201.3059 1212) 222.1030 INSTMBIONAL INTERESTS NC #2 STATEMENT PERCO MVO 29.2003 memoir AO 25. 2003 ACOEUNT HOMER 049-51883 281 TAXPAYER MAW ETI hit WT STATEMENT mach 28.2003 Your Portfolio Allocation Cash 8 Equvalent-, 8% Mm — ovum ars mm tetra rote mmn frarm mams T e dmu. pommlage a Enid an.. a *NAM eMtM — el mu- tend. v641 EFTA01322254 t8PSZZOO-V.L43 0 0 m C in r _ Z6LZS£00 IN9 ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 MartS01 Avenue New York. New York 10179 (212) 272.2030 4 v ? CLEM= THIOUGH ITS vErsy OvnED SuBSICAry w . Ma Soosless Cap. Or Worth Celt( TOM Warr. Pr Tr 11201411r 12121272.1000 INSTITUTIONAL INTERESTS NC #2 STATEMENT MEMO Mirth 29.2003 11402443m AEA 25.2003 Your Portfolio Holdings Ao:curr mAillEA 049.51980 251 CASH & CASH EQUIVALENTS TAXPAYER Mallet On The vat ITARIlma BANTA 28.2003 OLSCRIPTION STMIOUCUSip WORM PaKt IMRIX7 ISTRIA= CUESEIrt VMJR MINK INCOME 1no 1% CASH BALANCE 1,109,497 BEM STEARNS PRIME MONEY 89400 677.711.76 1.0000 677.712 7.658 1.1300 MARKET PORIT0u3 CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS 31 .787.209 67958 EQUITIES Equities & Options OLSCEPTION SnalICOCESP AMC TYPE a_ITT MARKET IMAM PRICE VALUE MEOW NODVC CLITRENT TIED CIO AOL TIME WARNER NC AOL CASH 100,000 13.3200 1.332,000 AMERICAN INTERNATIONAL GROUP NG CASH 25.000 54.7500 1.368.750 4.700 0.3434 INC BANK OF AMER CORP BAC CASH 30,000 72.5800 2,177.400 76,800 3.5271 CMGRCUP INC C CASH 27.375 38.4500 1.052.569 21.900 2.0606 GOLDMAN SACHS GROUP INC GS CASH 12.000 75.8700 910.440 5.760 0.6327 INTERNATIONAL BUSINESS IBM CASH 20.000 83.8800 1.677.600 12,000 0.7153 kaciaeL5 CORP JCOINSON & JOHNSON JILT CASH 60.000 56.2100 3.372.600 57.600 1.7079 MBNA CORP KRB CASH 100.000 18.5500 1.956.003 32.000 1.7251 PFIZER INC PfE CASH 75.003 30.3700 2.277.750 45.000 1.9756 PROCTER & GAMBLE CO PG CASH 25.000 89.1400 2.228.500 41.000 1.8398 Total Equities& Options 518,252.609 9296.760 TOTAL EQUITIES 118,252.609 6299760 023 raem2.12 12 031 vt.43 EFTA01322255 S8PSZZOO-V.L43 0 -n C in r _ £6LZS£00 INS ANGS BEAR STEARNS cfncE SEMIOTIC YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Mackson Avenue New York. New Yolk 10179 1212) 272-2000 5 01 Your Portfolio Holdings (continued) YOUR TOTAL ESTIMATED ANNUAL INCOME 3304.418 YOUR PRICED PORTFOLIOHOLDINGS 520,039.818 Transaction Detail INVESTMENT ACTIVITY SETTIDADO MOE OEM DER TW45.0CDOPI 04/04/03 04/01/03 BOUGHT 000003 0401/03 BOUGHT OISCOPTOW JOHNSON& JOHNSON DISCRETIONARY ORDER MBNA CORP KRB 3.900 15.19000 59.796.51 DISCRETIONARY ORDER PART OF 10000 SNR MBNA CORP DISCRETIONARY ORDER PART OF 100005141 VIACOM INC-CL AVG PRICE SHOWN-DETATS ON RED ACTUAL CONTTIM TO YOUR AGENT CtSCRETONTRY CODER VIACOM INC-CL B AVG PRICE SICEN.DETATS ON RED ACTUAL CONFIRM TO YOUR AGENT oisannyinne ORDER SYMOUCUSIP JN1 OUNMIY 10.000 CtOuttO nntepoGn ITS VO4OLLY OVeliD tasOMv Ow. Smarm 54n4r.es Co. De W400 NR Conn Mon teeanr. re vY '2.0 .3839 (211) 272.1040 INSTITUTIONAL INTERESTS A/C #2 STATEMENT PtROD //wen 29. 2003 Tm9V43n Apl 25.2003 ACCO.fro nou.S.Ht 049.51880 281 7.44,4rEn ntanan On FAO WT ETATEMEnT ?Arch 28, 2003 PRICE DEW MOST OMIT mew 58.23000 586688.58 000403 04/01/03 BOUGHT KRB 6.100 15.18000 93A65.42 04/10/03 000703 SOLD VMB -5.550 41.33440 227.845 AO 04/15/03 04/10103 SOLD NAB -8.325 39.15470 328.774.04 027 04128/03.1212 001 1643 EFTA01322256 98PSZZOO-V.Ld3 0 BEAR STEARNS OFFICE SERVICING YOUR ACOXINT Beer. Steams 6 Co. Inc. 383 Madison Avenue New York, New York 10179 (712) 272.2000 6 a ? Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SITTIDANT MDT DATE DAR litU.SACTCPI DISCRIIDION 04/16/03 O4/11/03 SOLD SYLTS0V3USIP CLAM= DTROTOI ITS Divan' °WNW SUSSIDARY bus Shuns Salle. Gas Cove kletrolich Cnn Aten Suit" Pi* York 11201.3439 I2121 272.1003 INSTITUTIONAL INTERESTS A/C #2 SIATDATTe PAIDOD march 29.2003 TITROADAT April 25.2003 ADOCUST Twomen 049.51890 281 rm. yet POWER On No LAST STATISM March 28.2003 OcAsTrIV ROLE DEM MAOLNe MEDD AlICUPIT VIACOM INC-CL 8 VIA8 41.16230 340.437.76 AVG PRICE SHONNOETAILS ON MI ACTUAL CONFRM TO YOUR AGENT DtSCRETENART ORDER TOTAL 5.738.950.51 5897.057.20 -n MONEY FUND ACTIVITY DAR CESOWCti SYmPalturo aware Matt OW MW.? CREDIT AAKTUT/T C WDAT wasAcrozei rn 03/29/03 04/01/03 DIVIDEND OPENINGBALANCE EMERSINOLORCm°"EY B5& 677,028.81 682.95 RECORD 03/31/03 PAY 03/31/03 04/01/03 REINVEST MINAL0PItcmc'EY BSA0O( 882.95 µ 682.95 REINVEST PRICES 1.00 r 04/25/03 CLOSINGSMANCE 677311.76 TOTAL 5.682.95 $682.95 DIVIDENDS _ 06LZS£00 N19 ANUS DATE orsovenew swesxmow ouwA1TY RATE M 04/01/03 MBNA CORP KR8 90.000 0.0800 03/16/03 PAY 04101103 TOTAL 57,20000 DWI MOM war MONT 7,200.00 027 04Able031212 901 Y643 EFTA01322257 CUM= THREtrpm rte rarer OATEO SIAISSDIART L8P5ZZOO- V.L43 0 -n z C in z -H r _ S6LZSECIO IN9 ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams B Co. Inc. 383 1AaclIsce Avenue New York. New York 10179 (212) 272-2000 7 Transaction Detail (continued) INTEREST DATE DESCRIPTOR 0421103 INTEREST ONCREDR BALANCE AT 0 314%0321 *Mu 0020 TOTAL $476.7 4 CLAMMY SUE ME CERT AWcay. Oar. Stan Sault!) Cap. One tIerv.en Cn NON SnotRn. Nee Tat 11201.3859 0 12)27Z-10TO INSTITUTIONAL INTERESTS NC 412 STA1TUrwr PER*, Atwell 29.2003 ntotr.. April 25. 2003 Al:COURT +Massa 049-511930 281 TAXPAYER WOOER On rile LAST sTATITIMMT Math 28.2003 CREDIT MIC OP 0.7500 476.74 End of Statemen 321 V643 EFTA01322258 CLEAREO THROUGH ITS erOU.Y OVOHLt SUSSOVAY 8865ZZOOVida 0 z ii C in z r _ 96LZS£00 IND ANGS BEAR STEARNS COTE SERVICING YOM ACCOUNT Boar, Steams a Co. Inc. 383 Madison Avenue New York New York 10179 (212) 272-2000 Stet Sterne Scala GOO. Oft Itetereth Gain Pints Wittler. Pits *4 111201.1833 1212127x.1000 INSTITUTIONAL INTERESTS MC #2 ACCOUNT DICUTNE GREENBERG.ALAN C. STATEMENT NORCO Mardi 1.2003 HUMANE (212)272-4605 04/COUC04 MMCII 28, 2003 ylSO OUR wElISITE www.bearsteams.com What's In This Statement 1111111. it Itel.11 ACCOMI NUIAIRR 049-61880 281 TAXPAYIN WIRIER OK rue Financial Summary 3 INSTITUTIONAL INTERESTS NC f2 UST STAITJara Mtruary 28.2003 Your Portfolio Holdings 4 COf FINANCIAL TRUST COMPANY Transaction U.S $ ATTN LARRY KEMP • 6100 RED HOOK QUARTER Fund Activity 5 SUITE 8-3 Your Messages 7 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL YAWL OP SECURITIES THIS PERIOD 17,566.061 Gmh 8 Equinkre —III $1420,43 $1.$85.954 NET CREW BALANCE 943.714 MOWS 817.588.061 MONEY MARKET Sum) BALANCE 677.029 $16.722.819 Current market value NET Mum 1NI8 PEMOO $19.186,804 III IAN staternenCs mane Value NET EQUITY UST STATEMENT 18.308,773 CHANGE SINCE LAST STATEMENT 878.030 There are no 'Stop Loss' orders or other pencing buy or sell open orders on file for your account. Mesa* epee ens earteces erweesett el seeder et noel. tooled ft serene He I* Can Sena el SOC-034-14.11: er war t> Lien Sauces et env lea Saari. Gem. Ore Ireiredirort Gear Nem Oael." N. RD .3U cow. TN. sinners kr IrdenTetlealr Preen" Pty. nN Het litaraid ss • tar ecomst 'on paten." ewe be rent. M yet ma's Me Milne ea Icenpfetai MMUI1OR 02/ 01/29.03:11-10 COI Irt.42 EFTA01322259 CLEARED TROUGH ITS w,csv Caste SLODDIARy Bear. Awns Satan 01, Qx UtritOtal CMS WM ► alt , Wye Yak 11201.3859 12121 272.1000 INS1MMONAL INTERESTS NC #2 68PSZZOO- V.L43 0 z ii C in z -H r _ L6LZS£00 IN9 ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0.1/2901:11110 D01 VS42 EFTA01322260 TOiNaGUNO0 86LZSEOCIN9-ANCIS BEAR STEARNS OFFICE SaviCING YOUR ACCOUNT Beer. Steams & Co. Inc. 383 Wilson Avenue New York. New Yak 10179 1212) 272-2000 3 al 7 Cash Flow Analysis Income Summary ns P0001) DC IMO YEAR TO OAR Opening Balance $909.556.38 Dvidencls 34,255.56 70.313.74 Crecit Balance Inc 532.42 3.673.49 Money Fund 630.56 Dividends/Interest 34.157.42 Total $34,787.98 573.987.23 Amount Credited $34,787.98 Money Fuld -630.56 Portfolio Composition Amount Debited $430.56 CashCash Equivalent 1.620.743 Net Cash Activity 34.157.42 Equities 17.566.061 Closing Balance $943,713.80 Total $19,186,804 Cash Balance Summary OPENNG 409.6 Cash 909,558.39 943.713.80 NetCash Balance 3909.558.38 0043.713.80 CO> CLUREO neCtO. ns YINOLEY 0000 Su18.09.0. 11e0 Sterns Steuflat Cap. Cra Itercua. Oafs 800 Ircce.r. New Yon. 112014109 1212)2720000 INSTITUTIONAL INTERESTS NC r2 STATEMENT PEROD March 1.2003 Tm901.1304 march 28.2003 ACCOJNT wan. 04941880 281 701220. MAW on Re LAST stouicia Ettrultry 28 2003 Your Portfolio Allocation 92% u.09293 0.1a. *YON e.M Oen. ante INA mine. niat 71.. WPCS 04funlialt is *ems bn ine 9000 rilebel lea. carbra O3.2893:11.19 001 2642 EFTA01322261 I 6tSZZOO- V.L.43 0 -n C in r _ 66LZS£00 INS ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCC4MT Beat. Steams & Co. Inc. 383 Mad15441 Mena New Yak. New York 10179 (212) 272-2000 4 r7 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRIPTION CASH BALANCE SHAOLCulte WHO 1311.11213) 1:81830 01.8111112 PRICE MAE AM IN MCRAE NEW 80 943,714 BEAR STEARNS PRIME MONEY B5M/CE 677,028.81 1.0000 677.029 7,921 1.1700 MARKET PORTECUO CL Y 0440ENO REINVESTED TOTAL CASH & CASH EQUIVALENTS 51.620.743 57.921 EQUITIES Equities & Options DISCRP1101. SNAKIJCUSIP ACM Mt owe, MCI HMV VALUE ESTIMATED anal INCOME CURRENT RID 110 AOL TIME WARNER INC AOL CASH 100.000 11.3500 1.135.000 AMERICAN INTERNATIONAL GROUP AIG CASH 25.000 49.8500 1,246,250 4.700 0.3771 INC BANK OF AMER CORP BAC CASH 30.000 68.5800 2.057.400 76.800 3.7329 CMGROUP INC C CASH 27.375 35.4200 969.623 21.900 2.2586 GOLDMAN SACHS GROUP INC GS CASH 12.000 70.1100 841.320 5.760 0.6846 INTERNAHONAL BUSINESS IBM CASH 20.000 80.7900 1,615,800 12.000 0.7427 mAcHWES CORP JOHNSON& JOHNSON JNJ CASH 50.000 57.3800 2,869,000 41.000 1.4291 REINA CORP KRB CASH 90.000 15.4800 1,393,203 28.800 2.0672 PFIZER INC PFE CASH 75.003 31.8100 2,385,750 45.000 1.8862 PROCTER & GAMBLE CO PG CASH 25.000 88.6400 2,216,000 41,000 1.8502 eat CULIalO ThetOlcoll 1111101.(Y °Me Sue40140, Ow Nan StWilltS Mekotta Cray IOU Ilreat88 Mrs Yon 118:11.311S9 (2121 2781080 INSITIUTiONAL INTERESTS AC 42 STAID/Era PERIOD Mitch 1.2°33 8480u3n Mardi 28.2003 ACCOUNT WARR 019.51880 281 TAXPAY1:11 MAW On Fie US? STATINtrer Tetruary 28.2003 03010111:10 001 WW2 EFTA01322262 rn 8 b.) 10 IJ IJ z m m z r 008ZSEOCIA19- ANGS BEAR STEARNS CaTCE SERVICING YOUR ACCOUNT Bear. Stearin & Co. Inc. 383 Madison Avenue New York. New York 10179 (212) 272-2000 Your Portfolio Holdings (continued) Equities & Options (contisUIKO ACC* Warr (MUTED CUR*174 CESMIPMN SYUSOLCU9P MI 00.UanY MU VALUE AINUal WOW 11110 r,9 VIACOM INC-CL B NAB CASH 22.200 37.6900 836,718 Total Equities& Options 317.566.061 5276.960 TOTAL EQUITIES 517.566,061 5276,960 YOUR TOTAL ESTIMATED ANNUAL INCOME 5284.881 YOUR PRICEDPORTFOLIOHOLDINGS 519.186.804 Transaction Detail MONEY FUND ACTIVITY CLAMED ThROUGH ITS CA./..e0 Sufloulir Me. Swans Sscflin Cap. Ow 1fterotedi Ortte rent Inotr‘ Paw Yet 11201.3859 014 272.1000 INSTMMONAL INTERESTS NC #2 STARMI747 PSROO Myth 1.2003 THRCleuN marts 28.2003 AOCOuril MAWR cessieso 281 ♦ARPAveR .../.8.0t On Fit us' STATUIENT Feasent 28.2003 GATE MOCLAY TRAMACTION Of.502010/1 511490LPOUSIP OLAPOIN PR= CWT Amon CMW MOM 03/0103 OPENINGBALANCE 676.398.25 03103/03 DIVIDEND WOW, tiEY he3"EY BSLW( 630.55 RECORD 02/28/03 PAY 02128/03 03/03/03 REINVEST alig&FrAlSarni C/M°PlEY 8SIAXX 830.58 630.58 REINEST Pfau $ 1.00 03/28103 CLOSINGBALANCE 677.028.81 TOTAL 5.630.56 5830.58 027 01,2803 19 001 ‘042 EFTA01322263 CLENKO THROW.. RS v..40.Ar 0."4D SUIMOMY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New Ycek. New York 10179 (212) 272-2000 6e2 Transaction Detail (continued) DIVIDENDS Om. Sena Maxim Cup. One wooer carte wen Iliccept Her rot 11201.3955 8 1 2) 222.1000 INSTITUTIONAL INTERESTS NC 02 STATELM PERICO Minh 1.2003 MOWN March 29.2003 ACCOArt ma* 049-51880 281 Mama Map On ne LAST STAMOrt 'Drury 28.2003 grl CCSOZPM SYMMOM a_ IN USE IS) Dom Amuse DIM AMOUNT 03/10/03 INTERNAD3NAL BUSINESS ISM 20003 0.1500 3.000.00 MACHINES 03AP C) REC 02/1003 PAY 03(10103 0 03/11)03 03/21/03 JOHNSON& JOHNSON AEC 02/18/03 PAY ow les AMERICAN INTERNATIONAL GROUP MG 50.000 25.000 0.2050 0.0470 10.250.03 1.175.00 INC -n 03/28133 RFC 03)07)03 PAY 03/21)03 BANK OF AMER CORP BAC 30.000 0.6400 19.200.00 REC 03/07/03 PAY 01/28/03 C in TOTAL 531625.00 INTEREST r TOSZSEOCIN9- ANGS 8 IJ V.) DAtt CCS0aPrOd 03/21/03 INTEREST ON CREDIT BAIALCF 532.42 Al 0 3/4% 02/21 THRU 03/20 TOTAL 5532.42 1%! DEW MOW MDR Man 0]8/011119 MI 5142 EFTA01322264 176VSZZOO-V.L.43 0 0 m C in r _ ZOSZS£00 INS ANGS BBIR STEARNS °MU SEFMCING YOUR ACCOUNT Bear. Steams 8 Co. Inc. 383 Madison Avenue New Ycik, New York 10179 (212) 272.2000 Your messages ma- Bear. Stearns Securities Corp. Net Capital and Net Capital Requirements: At November 30. 2002 and January 31, 2003. the Companys net capital of approximately 52.4 billion and 52.4 billion was approximately 7% and 7% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately 5716.3 million and 5684.1 milban by approximately $1.7 bilTion and $1.7 Nihon, all respectively. A complete copy of the Bear. Stearns Seaskies Corp. Statement of Financial Condition is available on the web site hefit511550318 mm Alternatively. to request a free printed copy please call - tall free - 1.866.299.9331. End of Statement ca- CUARSD 11400VOM Ira ?MOW. Owe) 0.4191138ARY Pew. Warts 580/15n One 1.10/wch Cave 5839. liteityn sat Yon 11201.3859 (2121 212.1030 INSTITUTIONAL INTERESTS A/o 42 STAllialer 581900 Mirth 1,2003 11190041 nisch 28. 2003 ACCOUNT Nana 04941880 281 TA1cr•Arta mimed On ne :AST STATEVENT canary 28.2003 Pursuant to SEC Rule 11Ac1-6, please note the following: Bear Stearns & Co. Inc. will post its quarterly routing statistics at the following web link: Mtp:ilwww.bearge8MS.COMi. Customers of Bear. Steams & Co. Inc. may request information on any order executed within the prior six months from the time of the request. Specifically. you may request the identity of the venue to which the identified orders were routed for execution, whether the order was directed by you to that venue, and the time of the executions, if any. that resulted from such orders: 021 0324031119 031 1542 EFTA01322265 0.EARED THROUGH ITS vol0.11. OwNIE0 RAMCoke S6VSZZOO- Vida O m 5 m TOTAL VALUE OF SECURMES THIS PERIOD 16.722.819 &&&& & &&„ .11 $1.585.954 31.555.625 NET CREDIT BALANCE 909.556 Estabes 518.722.619 MONEY SWUM RIND BALANCE 676.398 317.410.713 MO Current market value NET EQUITY MS PER100 $18.308.773 r NET EQUITY LAST STATEMENT 18.966.338 MI Lest satemenes motet Tait CHMIGE SINCE LAST STATEMENT -657.564 BEAR STEARNS CFF10E SERVICING YOUR ACCOUNT Bear. Stearns lc Co. re. 383 Madison Avenue New York. New York 10179 (212) 272-2000 ACCOUNT MOTIVE GREENBERG.ALAN C. 1ILEFHCNE (212)272-1605 VISIT OUR WERMTE www.bearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail Fund Activity 5 Your Portfolio at a Glance I INSTITUTIONAL INTERESTS NC 02 CA) FINANCIAL TRUST COMPANY ATM LARRY KEMP 6100 RED HOOK QUARTER SUITE B-3 ST THOMAS VI 00802 Market Value of Your Portfolio _ £08ZS£00 IND ANGS There are no 'Stop loss orders or other pending buy or sell open orders on me ror your account. e.$444. ma est ar.e.w .F. ne,, ereel re tress a suds tattled as et,...reC I* Clef Sreas SC0434.143S or trio La Cbn enreas ♦. W. lleant. roan.. 0.e Nesse" Cent. ra.n. &moM N 1.2,1-31.9, But. SWUM Sesame C, Ore lierexech Come NAT Wooer. Ms est 11201.3101 2123 212.1000 INSTITUTIONAL INTERESTS MC *2 STATEMENT AMOS F &Nary 1.2003 T1111COGN February 2& 2003 ACCOUNT /AMBER 0494/880 281 tonna Nuteont Co FN MST STA112.41N, January 31. 2003 Tits unsay IS ter MenraMall Payne. M/.II S Mimeses na b[ scorn TN* Catemet sivad ea rWMd fee yaw records See norm sek br &salsa letteraVt 027 0301j03:1332 CO1 'tai EFTA01322266 =ARM TMOLC11 rrS AmOur Ossf.0 Si-AMWAY Bat Sums &Awn Cos orN lAnmat axe Nosh Ames. Ni. ;A 20 ISM R121212.1000 INSTITLMONAL INTERESTS NC #2 96PSZZOOV.L43 0 z m 0 m z H r VO8ZS£00 V\19 ANDS STATEMENT BACKER IS PRINTED ON THIS PAGE 007 03/01A113 12 001 EFTA01322267 CIENTED 71010LCK US 140tLV CVOCD SUISOVRY BEAR STEARNS OFFICE SERviCiNG YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New Yak. New Yoce 10179 (212) 272-2CCO 3 ,4 e Cash Flow Analysis nes new Income Summary DC PERIOD 1W10 041k Opening Balance 5879.944.72 Dividends 29,758.18 38.058.18 Credit Minos Int. 571.85 3.141.07 Money Fund 718.18 Diddenisnntereat 29.611.68 Total 530,329.84 $39.199.25 0 z -n Amount Credited Money Fund Amount Debited 530.329.84 .718.18 S-718.18 Portfolio Composition CashCash Equivalent 1.585.954 Net Cash Activity 29,611.66 Equities 15,722,819 C in z Closing Balance 5909,556.38 Total 518 308,773 r SOSZSEOCIND- ANGS Cash Balance Summary COON) CLOSING Cash 879.944.72 909.556.38 Net Cash Balance 5879,944.72 5909.555.38 027 03.0103 13 32 CC1 M. Steers Scants 080. Ore Venstoll One S antaldrk Nee at 20 311 t212) 272.1020 INSTITUTIONAL INTERESTS NC #2 STATEI4ENT PERZO Febnary 1.2003 THROUGH fetnvy 28.2003 ACCOLNT SIAS&R MOAK* Waft UST STATOSENIT 049-51880 281 On Me Airmail 31.2003 Your Portfolio Allocation Cash & Toone:se 8% Equ-Cies 92% 1.1.4,44•3 preqn. ova. awl bab,te aWn Vet A l nun .but won, 4 clornrod a'ficiait ;Mal ots C rov netba) EFTA01322268 86VSZZOO-V.L43 0 -n C in r _ 908ZS£00 INS ANGS BEAR STEARNS OFFICE SERVCING YOUR ACCOUNT Best. Steams & Co. Inc. 383 MadIRD Menus New Yak. New York 10179 (212) 272-2000 =ARM MOLAR rrs WrICCLY OWNED SAISOVAY Me Sim* Se0itSti Cap Ow lierLAKh Cats west.% line an 20 Tan CM) 2724020 INSTITUTIONAL INTERESTS NC *2 STA113.ert rtioco Fatuity 1.2003 THROWN Feeney 28.2003 4 as Your Portfolio Holdings AIXOtliT RORER 048-51880 281 CASH & CASH EQUIVALENTS TAXPAYER KAMER Cr at LAST suirupa January 31.2003 orscomos STMEOLOJEP OMER! MIEE WW1 VY1A MIMED CAREW MIRK MDSE VELD RE CASH BALANCE 909.556 BEAR STEARNS PRIME MONEY 894:0( 676.398.25 1.0000 676.398 8.184 1.2099 MARKET PORIFC03 Ct V onnoERD REINVESTED TOTAL CASH & CASH EQUIVALENTS $1.585.954 58,184 EQUITIES Equities & Options oescrarnew SYNSCIA:USIP ACCT ME WARM PACE WARM !STEWED MIA WAS INCOME WNW DOD Ei8 AOL THE WARNER NC AOL CASH 103,000 11.3200 1.132.000 AMERICAN INTERNATIONAL GROUP AZ CASH 25,000 49.2900 1.232.250 4,700 0.3814 NC BANK OF AMER COPP BAC CASH 30.000 69.2400 2.077,200 76.800 3.8973 CMGROUP INC C CASH 27.375 33.3400 912,683 21,900 2.3995 GOLDMAN SACHS GROUP INC GS CASH 12.000 69.4500 833,400 6.760 0.6911 INTERNATIONAL BUSINESS mA094ES Caw IBM CASH 20,000 77.9500 1,559,000 12,000 0.7897 JOHNSON& JOHISON JIU CASH 50.000 52.4500 2.622.500 41,000 1,5634 MBNA CORP KR8 CASH 90.000 138500 1,246.500 28.800 2.3105 PFIZER INC PEE CASH 75.000 29.8200 2.236.500 45.000 2.0121 PROCTER & GAMBLE CO PG CASH 25.000 811000 2.048.500 41,003 2.0034 027 osiouskis:32 co1 Vail EFTA01322269 66VSZZOO-V.L43 BEAR STEARNS MCC SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Mason Avenue New Yorks New York 10179 1212) 272.2000 5 0/6 CulAps0 nE110101 RB Yo•OILY Ovegf.0 SIJOSOW1Y I-. Swerns Secultot Caq Oat Iterawch Colts Wet hider. Nee net ii201.30.10 Ma 272.1000 INSTITUTIONAL INTERESTS NC M2 STAMEN? PER00 Eebnory 1.2003 7w10o0.4 Fobikary 28.2003 O Your Portfolio Holdings (continued) Equities & Options (=trued) ACC NSCESP11:01 SwEICl/CuS31 TYPE CORM! MI MEOW' MIK ESTEMZEO WEAL 11.30.1E .CCOvErt rata" 049.5/880 201 Tionetpt to.m8E/1 Co FEE LAST rAnyteNy January 31.2003 [UMW MON VIACOM DIC.Ct B Total Equines& Options VIAB CASH 22.200 37.1300 824.286 $1872Z819 $276.960 TOTAL EQUITIES 516.722.819 $276,960 1 1 m z r _ LOSZS£00 INS ANGS YOUR TOTAL ESTIMATED ANNUAL INCOME 5285,144 YOUR PRICED PORTFOUOHOLDINGS 918408.773 Transaction Detail MONEY FUND ACTIVITY DATE Mita 711VIS.0311 DESCAIPTION sm.:mousy COWIN MICE COE MONO EMIT MOUNT 02101433 OPENINGBALANCE 875.880.07 02103/03 DIVIDEND M ATgErrlaaR IK EYMCNEY BSMXX 718.18 RECORD 01131/03 PAY 01/31/03 02/03103 REINVEST BiZEMINSINEyrce BS MU 718.18 718.18 REINVEST PRICE 1.00 02/28/03 CLOSINGBALANCE 676.398.25 TOTAL S-718.18 $718.18 027 0101/031333 CO1 1441 EFTA01322270 rci 8 b.) IJ BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc 383 medium Avenue New ?wk. New York 10179 (212) 272.2000 6 at CLURED THROJOH ITS WHOLLY OW PC IMPSOV‘RY tut. Stems SMASH CeP. Ow MOTCOICh Cele Not ertelAn. Ism Ywt 11201.1859 C2121 212.1020 INSTITUTIONAL INTERESTS NC *2 STATEMENT PERM February 1.2003 ',TROUGH February 28.2003 0 0 m Transaction Detail (continued) DIVIDENDS DATE cescernoN SVAIOUCIZIP 0080R/ Rat CO DINT PAIOUNI ACCONT IO81R 0418311380 281 TAXPAV1R IRA ER G, F110 LAST siAnnawr January 31.2003 CREW MONT 02/03/03 02/14/03 02/14/03 02/27/03 02/28/03 TYCO INTERNATIONAL LTD REC 01/02/03 PAY 02003/03 PFIZER INC REC 01/17/03 PAY 02/14/03 PROCTER 6 GAME CO REC 01/24103 PAY 02/14/03 GOLDMAN SACKSGROUP INC REC 01/28:03 PAY 02/27/03 CMGROUP INC REC 02003333 PAY 02/28,03 TIC PFE PG GS C 50.000 75.000 25,000 12.000 27.375 0.0125 0.1500 0.4100 0.1200 0.2053 625.00 11.250.00 10.250.00 1.440.00 5.475.00 C in TOTAL $29.040.00 INTEREST DAR CCAPIPIEN S.V8O,CLSP OUARATT RATE RP OBIT MAWR Otte mann r 02/21/03 INTEREST ONCREDIT BALANCE AT 03/4% 01/21047U 02/20 0.7500 571.66 TOTAL 3S71.66 808ZSEOCIND- ANGS STOP End of Statement 021 0101.3113 32 001 Vtvil EFTA01322271 I055ZZOO-V.L.43 BEAR STEARNS OFFICE SERvICING YOUR ACCOUNT Beer. Steams & Co. Inc. 383 Madison Avenue New Yak. New Yak 10179 (212) 272-2CCO (AWED THROUGH as vartu. OWNeb SUILIOVX1 Bar Stan Toanues C . Olat ababtaal OBS .9585 Ito9085 Neve of 20 3359 [2110 2724080 INSTITUTIONAL INTERESTS NC *2 ACCOUNT MOAK GREENSERG.ALAN C. TELEPHONE (212)272.4605 nail OUR wEBSITE www.teenteems.com STATTAIV47 laf ROO 10•11817 1.2003 71.121.)20.1 i3M1417 31. 2003 What's In This Statement Ilnrllrrdrfill' Li ACCOLAft •JUSER 049.518150 281 TA.baAatat POIMER On FlIc Financial Summary 3 INSTITUTIONAL INTERESTS NC $2 LAST VATTMENT Cecembe. 31. 2002 Your Portfolio Holdings 4 GO FINANCIAL TRUST COMPANY Transaction Detail S ATTN LARRY KEMP 6100 RED HOOK QUARTER 0 0 Fund ACtiWty Your Messages 6 7 SUITE B-3 ST THOMAS VI 00802 m Your Portfolio at a Glance TOTAL VALUE Of SECURITIES MIS PERIOD 17.410.713 Market Value of Your Portfolio Cash & Egan's& —III 31.655.626 $1.413.457 C in NEI CREDIT &AMU 879.945 317.410.713 Equities MONEY MARKET FUND IMLANCE 675.680 S18.116.200 Correa rwetet value r NET mainly MS Plim00 NET EOUrre LAST STAITIAENT OmNOE SINCE LAST STATEMENT $18.966.338 19.529.785 -563.447 last siatencra marks, abs _ 608ZSE00 IN9 ANOS There are no 'Stop LOSS* atlas or other pending buy or sell open orders On tile for your account. Nm taw an, eeinece a Nowearfa a <Nolan:a b55Caled as ataateta b y04 b Caort Swam Y =4641428 ex *at& b Oen Wet= al Mo. Serf Se2a.tel Cap. Das yath Canape Noe. trockarn al 201-.1**. t TM ,.nw • to .Minn: 25890555 art/ S nto elltflOe 0 as a taseasursa. an agent., woa be reanta te Yarrows S r.nne eb ker.:nal en*, 027 C2,0103.'S 3$ 001 V M 0 EFTA01322272 CLOMP 114.00314 rrs %.0.4.Y WOO) SUOSOVAV Oar. Ran SKIMS CoO. One 1/4001021 Ono Math Brod" tOm Tot 11201a m23272.1002 INSTRUTONAL INTERESTS NC 02 2 z m cim z H r OTSZSE00- IND- ANGS 8 IJ IJ KJ STATEMENT BACKER IS PRINTED ON THIS PAGE 02> 02AW03:16.16 021 V640 EFTA01322273 rn 8 PJ BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns E Co. Ic. 383 Madison Avenue New Ycek, New York 10179 (212)272.2000 3 nt Cash Flow Analysis net rtiv00 Income Summary TO PROD IDR TOP% Opening Eta lance 5738.561.03 COndends 6,300.00 6.300.00 Credit Balance ht. 2,569.41 2369.41 Securities Sold 846.629.35 Money Fund 753.62 Total 58,869.41 $8,869.41 0 Dividends/Interest Amount Credited 8.869A1 $856,262.38 z ii Securities Bcoctit Money Fund ,714,115.07 -753.62 Portfolio Composition Casr'Cash Equhroknt 1.555.625 Equities 17.410.713 C in z Amount Debited Net Cash Acthity CloalnRFIalance $--714.868.69 141.363.69 5879.944.72 Total $18.966,338 r ITSZSEOCIND- ANGS Cash Balance Summary Cash OPENING CLEWS tritOtAll NS 1.000.1 ON7i.D SUINIOVin, Ow. %NM Semmes cov. On - Orbs New boat" Now vat 11201.3019 12121 272-1000 INSTITUTONAL INTERESTS MC o2 STATENENT PERM ran.ary 1. 7CO3 THRONG, January 31.7003 ALCOar WYNN 04%51880 281 !WAWA m.Mell Cn FII VST STATtNENT December 31.7037 Your Portfolio Allocation ClOSIk6 CAM & Equivalent 8% 738.561.03 879.944.72 Net Cash Balance 5738.561.03 5879,944.72 027 02/01/03:10.16 CO1 Equines 92% UY`aN0 pfely. OM* OW YNro of Nye, 70Natw,r 7- Aran MC MY} &Nan can Ye aa✓JI meg*, nil. at K✓ pat ,. %TAO L a EFTA01322274 rn IJ IJ -n in r ZISZSE00- IN9- ANGS BU1R. STEARNS 0FFIC SERmEiNG YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New 'Wk. New York 10179 (212) 272-2000 4 ci IRWTHAIER PO= TAROXix MARY') 1.2003 Jana) 31. 2003 Your Portfolio Holdings AOXIAPT W.AUR 049.51980 281 CASH & CASH EQUIVALENTS TAXPAYER µAIER neTrerwr Co Fie December 31.2002 MARKET ESTIMATED CURK/11 IXSCROTO. SYM8OUCURP ~ITT( Met YAM ~AL ACME YIELD 111) CASH BALANCE 879,945 BEAR STEARNS PRIME MONEY aspArx 675.680.07 1.0000 676680 8.311 1.2300 ~ET PORITOLE CL Y ØN0 RONYESIED TOTAL CASH & CASH EQUIVALENTS 51.555.625 58.311 EQUITIES Equities & Options ACiI "Xi ESTIMATED CAMP« DISCPSOON SYLIIKROJER RPE OLIMMIY ARK/ StW.IE AMARA ROYAL REID (%) AOL TIME WARNER INC AOL CASH 100.000 11.6800 1,166.000 AMERICAN INTERNADONAL GROUP MG CASH 25.000 54.1200 1.353.000 4,700 0.3474 INC BANK Of AMER CORP SAC CASH 30.000 70.0500 2.101.500 76.800 3.6545 CITIGROUP INC C CASH 27.375 34.3800 941.153 21,900 2.3269 GOLDMAN ØS GROUP INC GS CASH 12.000 68.1000 817,200 5,760 0.7048 INTERNATIONAL BUSINESS IBM CASH 20.000 78.2300 1,564.600 12.000 0.7670 I/Age/ES CORP JOHNSON& JOHNSON CASH 50.000 53.6100 2.680.500 01.000 1.5296 IABNA CORP KRB CASH 90.000 16.8300 1.514.700 28.800 1.9014 PFIZER INC PPE CASH 75.000 30.3800 2.277.000 45.030 1.9763 PROCTER & GA/ABLE CO PG CASH 25,000 85.5700 2.139.250 41.000 1.9166 CALM= ~MCA M. ØY OARED SulOORRY W. Swans Sec/Des CRT OM mtwah Caper ARR. Erecitip We Yen 117014149 (2121272.1000 INSTITUTIONAL INTERESTS NC #2 027 07.01,03:1A36, 002 v640 EFTA01322275 WACO TNROLp3m RS ',MOW( Conf.)) SuliSCNOw 5055ZZOO- V.L43 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams /I Co. Inc. 383 Madison Avenue New net New Yoh 10179 (212) 272-2000 Your Portfolio Holdings (Continued) 0 Equities & Options (continued) COOPTC14 5,10801/CUSP Aar TYK @Won p0 tf War MI ESIWATED MAK 00:01E WORM HID 00 ViACOm INC-CL B Total Equities& Options VIAB CASH 22.200 38.5500 855.810 517.410.713 5276060 TOTAL EQUITIES 517.410,713 $276.960 -n z C in z r _ ETSZSE00 IND ANGS YOUR TOTAL ESTIMATED ANNUAL INCOME 5285.271 YOUR PRICED PORTFOLIOHOLDINGS 518.966.338 Transaction Detail INVESTMENT ACTIVITY Ow Sion Seam Cap. One - Carts North Omen Nov VP 11201.3859 (212) 212.1000 INS11TU110NAL INTERESTS MC #2 STAMICNT ore n00 MINS, 1.2003 ownouGN mn.ory 31.2003 ocCCIAT %WM 049-518ao 281 TAXPANER NtAMER On File LAST 17frature DeCenter 31, 2002 SEMDA0/1 OAR WOE DACE TOMSACION OISCRONOON SYMOCCOCUSP OMEN ACE OM MOUNT CREW MAXON 01/06,03 12/31/02 SOW TYCO INTERNATIONAL LTD TIC -12.500 17.01650 211,449.84 AVG PRICE SHEAMIT-IXTMIS ON RIO ACTUAL CONFIRM TO YOUR AGENT CeSCRETIONARY ORDER 0106/03 12131/02 SOLD TYCO INTERNATIONAL LTD IYC -12.500 17.15090 213.129.79 AVG PRICE SHOWN-DETAILS ON REO ACTUAL CONFIRM TO YOUR AGENT CISCREIONARY ORDER 01/07/03 01/02/03 SOLD TYCO INTERNATIONAL LID IYC -25.000 18.98250 422.049.72 AVG PACE SHONM.OEIMLS ON RIO ACTUAL CONFIRM TO YOUR AGENT DISCRETIONARY ORDER 027 OIAMICancas COT van EFTA01322276 90SSZZOO-V.L.43 0 0 -n C in r _ VT8ZSE00 INS ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns .3 Co. kit 383 Madison Avenue New York. New York 10179 (212)272.2000 6a Transaction Detail (continued) INVESTMENT ACTIVITY (00(06099 REAMED Tenet°. III Ware Ovrteet StaioNARy Otar Seam Sans Cap. ON Manna. Cover Wen Itoettr. Wee Volt 112014149 0121272/ INSTITUTIONAL INTERESTS NC *2 STRITNIIIN PERIOD Amery 1.2003 Nowa. latuilry 31.2003 ACCO4N+7 ROMER 0.49-51083 281 TARPANIR µ1R&R On Tile tAST STATEuEs7 Decernta 31. 2032 SETTLEMENT Ilt/OE DATE DATE IltAXSACOTN OISCRP71014 SYMO0101/ 111 OUitarrt PRICE DEORAANOW OREM AWCINI 01/10/03 01107/03 BOUGHT AOL TIME WARNER INC AOL 50.000 14.16000 714.115.07 AVG PRICE SHOWN-MAILS ON REQ ACTUAL CONFIRM 10 Tail AGENT ERSCRETIONARY ORDER TOTAL $.714.115.07 5846.629.35 MONEY FUND ACTIVITY an waver TPANSKTION DESCRIPTION SIVNOUCUSP OtIONITT 04l CON NADINT 01180 MOM 01/01/03 OPENINGBAIANCE 674.926.45 01/02)03 REINVEST EMERSORWAD"EY BSIA:Of 753.62 753.62 REIWEST PRKE S 1.00 01/02)03 DIVIDEND BEARalkn o PRtAEyMONEY EtS&COC 753.62 RECORD 12/31/02 PAY 124102 DICWEIED IN 2002 1099 01/31/03 CLOSINGBALANCE 675 680.07 TOTAL 5-753.62 5753.62 DIVIDENDS DATE DESCRWTION SVINICIAXISP ahem rem is) can AMOUNT CREPT MOM 0102/03 MONA CORP KRB 90.000 0.0700 6300.00 RTC 12/1302 PAY 01/01)03 TOTAL $6.300.00 027 011)1.01:15-36 001 V640 EFTA01322277 0 -n C in z r STRZSEOCIN9- ANGS BEAR STEARNS Orra SERVICING YOUR ACCOUNT Bear. Steams I. Co. Inc. 383 Madison Avenue New Yea. New Yak 10179 (212) 272-2000 7✓7 Transaction Detail (continued) INTEREST an otscRont% 01/08/03 Mai CRIM 621/02 -12120/02 TO C 1/2% 01/21103 INTEREST ON CREDIT BALANCE AT 0 ireis 12/21 lieu 12/30 01/21.03 INTEREST ON CREDIT BALANCE AT 0 3/4% 12/31 THOU 01/20 01122/03 AOJ CR INT 12121.12130102 126.20 10 3/4% TOTAL SY1.001.0.61P Wall° meows. ns VAINLY OatO SOMOORY W. SOY. Nana Calk Ove Isaala Cast WM Wont" we rpA 11201aa 131st 272.11103 INSTITUTIONAL INTERESTS A/C *2 ATATINaT Pefe00 lamely 1. 2003 TaNSOM January 31,2003 ACCOV7tr 7.7J7MER 049.51880 2131 TAXPAYER NNW On tie NKr STATDANT Decanter 31, 2002 COIN ITV MR MI CCM ...MC caw /SCOW 1,999.60 0.1250 25.24 0.7500 416.28 S2 588 41 Your messages The imerest, if any, charged to yOrl aCCOunt during December 2002 was computed on the net debit balance through December 30. The interest. If any, Charged to you account during January 2003 is computed from December 31, 2002, End of Statement 031 0101/03.15 36 001 a1C1 EFTA01322278 CONFIDENTIAL SDNY,M,352816 EF7A_0[I225508 EFTA01322279