EFTA01320163

Statements CONFIDENTIAL SDNYG,00349976 EFTA_00222668 EFTA01320163 altat0 nannn n WMOur OnNED SueSanan BEAR STEARNS OFFICE Sabil0840 YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madam Avenue New York New York 10179 ACCOUNT EXECUTNE ZICHERMANTRA TELEPHONE • VISIT OUR vrE8SITE www.t2earstearns.com What's In This Statement ImIllImIl .1.ullllllttllllllllllttllttlrllltttlttltII Financial Summary 3 EPSTEIN INTERESTS Your Portfolio Holdings 4 IND 12/26491 Transaction Detail $ JEFFERY E EPSTEIN & MARK L • 0 0 Fund Activity Your Messages 5 6 EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FIR NEW YORK NY 10022-6843 TZ L I C in r LL66PEOCLAID- ANCIS Your Portfolio at a Glance Market Value of Your Portfolio TOTAL YAWE Of SECURMES THIS PERM* 651.800 Cam 6 Coimbra 574.046 572.068 I/ONEY MARKET FUND BALANCE 74.046 &awes 5651.800 $613.200 NET EOURY THIS PERIOD $725,846 In anent nun*: slue NET KUM LAST STATEMENT 685,268 iaA %tannin-Xs market vat* CHANGE SINCE UST STATEMENT 40,578 pancio kW,. ow e. TT vecnnd wanes NI se an n0nts n no nil Le el Sean. rd M Not ta t a Ma There are no 'Stop loss' orders or other pending buy or sc4 open orders on file for your account. P.m* roan any donna n Kenyon V owns Cr nxin. Nand anencet Sannesalte:683.1424 n *Inn Ore Sartain I Mae. non Con, Cro bins. Cane klirth. aeon" NY. 11>01•X69 Ifear Sten Snug*. Cap. cre Metana Owls Wan Ottann Nat Vol 11201.3859 EPSTEIN INTERESTS STATEsina Wm° O*COMbor 1.2005 INROuCni wervnber 30.2005 TA )PAYER gNaEm On Fik LAST ', Avner(' Nnierner 30, 20D$ nn %atm is It arrotat awns 0./.1113 Mt Ken*, &Situ dennert. 'NI Usenet staid ee raw fa ynt arts. See row*, Se far liecetarl rifmnien 027 12,31O5:D9W COI If any information regardng 2035interest. &MOMS. ITISCellaneOtIS intone. Gross proceeds or original issue discount is rebuked To be reputed to the IRS kc this account. a Consoklatad Fern, 1098411w mailed to you by January 31, 2006 or a 10425 by March 15.2006. EFTA01320164 STATEMENT BACKER IS PRINTED ON THIS PAGE CONFIDENTIAL SDNY_GM_00349978 EFTA_00222670 EFTA01320165 rn 8 b.) IJ IJ --J T4iNROUNO0 6L66VEOCIND-ANCIS BEAR STBIRNS OFFICE SEMBONG YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madsor Awme '0179 CLEA440 TAIRCLXA rrS wmOcAY O.140 SUSSIOWCY BAY Siere Starilin Cap. One 1/01111“11 Orta Muth of 112014$19 EPSTEIN INTERESTS STATTLWAT P€RG0 Oecem4:c 1.2005 3 se "neon Decanter 10.2005 Cash Flow Analysis net moo Income Summary INS moo YUR IV DATE ACCOUNT MA R ttAPAYL, wan On Ile OpeningBalance $0.00 DM:lends 1,978.25 16.67824 LAST STA/SWILT Narembef 90.2005 Money Fund 228.25 Total $1.978.25 516.676.24 Dividends/interest 1.750.00 Amount Credited 51.978.25 Portfolio Composition Money Fund -1.978.25 Cash/Cash &tuatara 7.1,046 Amount Debited 5-1.978.25 E9Aies 651.800 Closing Balance $0.00 Total 5725.846 027 1431.05:04C0 001 Your Portfolio Allocation CAM a Equharent 10% (guides 90% u-04043 4:AtAL anal. Ole Nieto ate net IllOrAC *S. 11* at warty, 4.1.41 /rtn. Ws war Miry, .whe a pa' WU.. *99 EFTA01320166 CUOMO 11410141-4 ns met:9 0A1C13 SLOSCONY 0 0 m C in r 086617£00- 019- ANGS BEAR STEARNS OFFICE SERVICING YCVR ACCOUNT, Bear. Stearns b Co. Inc. 383 Madison Aven..e 'a178 4 Your Portfolio Holdings CASH & CASH EQUIVALENTS Wan, ESTIOATE0 LlIEBM CtSCRIMON SniSCUCeS• VOLE ANNUAL WORE MD nu DREYTUS CASH MANAGEMENT-CL A DICril 74.046 2.814 3.8003 eSTItuTIONAL SHARES EST. 30 DAY MSG YEW 4.110096 TOTAL CASH & CASH EQUIVALENTS 574.046 32.814 Gay. Run Semmes Cap. ON MenteCA Cutts Rath Omit" Nor Yon 11201-3869 EPSTER4 INTERESTS STATPAP.7 PEA= DOCVntet 1.2005 nROUGH Elternber 30. 2005 ACCOUNT want ToxrAvER male. On Fit 43T STATEACIT Norte 30.2005 EQUMES Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the Firm's Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 - Outperform: P - Peer Perform; U Underpeicem. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating Is as follows: MO - Market Overweight; MW - Market Weight: MU Market Underweight. In cases neon a BSC rating is present. the name of an independent, third-party research provider and their rating may also be displayed. %bete such research is available. The various providers have normalized their ratings systems as follows: B — Btiy: H — Hold: S — Sell. The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal or investment advice. Bear Stearns is neither soliciting any action based on such infccmabon. nor endorsing any recommendation or opinion expressed by any Independent, INICSIXIIty research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent. third-party research on certain corn anies covered by the Firm's research is available to customers of Bear Stearns at no cost. Customers can access this research at vnwr.bearsteams.com or can call to request that a copy of this research be sent to them. MARKO ACC (MUM DAMN! uscrunss SYMIOUOJW nlE R AUX 4104UN. INIOYA !ILO IV OtwitriV ,ct \ ABERCP3MEIN a FITCH COLA ANF CASH 10.000 65.1800 651.800 7.000 1.0739 8X RAM& STOCK 0/SECTOR MW CAMAY FI/UNCIAL PIC. RANG: 8 ?ANNUS SA-SPONSOREDADR 8POIV CASH 20.000 Wonted REPSTG 8 MR t NIS Total Equities& Options 5451.800 57.000 TOTAL EQUITIES 5651.800 57.000 027 12/21/03:0000 001 EFTA01320167 0 ii C in r T866PEOCIA19- ANGS BEAR STERNS OFFICE SERVICING YOUR Amon Beet. Swarm & Co. Inc. 383 Mt.Jim Mena New YccIL New V&A 10179 5n5 Your Portfolio Holdings (continued) YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $9.814 YOUR PRICED PORTFOLIOHOLDINGS $725.846 Transaction Detail aeARAD neaDvem MS "Clio emu, SAMCreief AM. Stuns SeIXTINS COT Ooe Mettath Gs. 143/71 ereoltin. New Yen 11201.3450 EPSTEIN INTERESTS trAymoner PIRKO December 1. 2005 nillOUGH December 30.2005 AGGCuer reuMEA TAXPAYER NOWA LAST 'TAW Novercor 30. 2005 MONEY FUND ACTIVITY DATE VOW DESOMPTION SORIOO:21 Ouratt Fax MT /gam GRONT a 12/01103 OPENINGB.MANCE 72.068.02 12101/06 DMDEND DREYFUS CASH MANAGEMENT.C1 A CCU 228.25 MONTHLY 12/01105 REINVEST DREYFUS CASH MANAGEMENT-CL A tySmunoNAL SNARES 228.23 228.25 ONFXND RONvEST 12120,05 BOUGHT DREYFUS CASH MANAGEMENT.CL A INsunAtuuu. Smuts DICXX 1,750 1.0000 1.750.00 12/3005 CLOSINGBALANCE 74,046.27 TOTAL 3.1.978.25 5228.25 027 12.411A)62)1.10 COI ‘1199 EFTA01320168 0 TZ i t C in r Z866PEOCIA19- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bey. Stearns a Co. Inc. 383 Matson Avenue New York. New York 10179 (212) 272-2000 6 PT Transaction Detail (continued) DIVIDENDS DATI OE SCIMPTISI 12(20/05 ABERCROMBIE 6 FITCH COOL A KO 1112105 PAY 1212005 TOTAL 51.750.00 SYMIOUOSUP Aid OULNUTT RAW MI OEM WOUTI 10.0:0 0.1750 CLEM= ItH n VPICLis 0104111 SISSY Se. Stuns konan Cos. Cps lAsistech CT,* en now see ton 11201-3859 EPSTEIN INTERESTS STATIMPT PIPXO Master 1.2005 THICOCUT Der.. 30.2005 ACEOui ST NIP.Ot WW/a .US On Fie LAST STOW Noserme 3D. 2005 mar MOW 1.750.00 Your messages et part of the National Association of Securities Dealers (NASD) Investor Education Progam. you may obtain intimation on the NASfYs Public Disclosure Progam by contacting the NASD at telephone number (800) 289.9999 or vie the interne address which is vivetihasdr.com. In addition, a brochure exploiting the Public Disclosure Program is available from the NASD upon request. STOPI End of Statement 027 12/31.9500•00 vO99 EFTA01320169 BEAR STEARNS OITCE SERVICING YOUR ACCOUNT Bear, Steams & Co. Inc. 383 Mattoon Avenue N Y York 10179 *mourn EXECurArt PICHERMAN.IRA TELPHONE ViSIT OUR IMBSITE vmsv.bearstrams can CLEANED 11111CUCH rrs wears Oman SUNIDIARY se. Stuns 5100Cos CM- Qw Matthiat ORM Mora Yet 112O1.3151 EPSTEIN INTERESTS Statiala 00030 NOvember 1.2005 114010UOM NO icrte 30. 2005 What's In This Statement ACCOUNT WARM IMINER IllrllllllllllrlrlllllllllrlllelllllllllllllllellllllllllrlRll TAXPAYER MA On Fie tAST $TATELENT October 31.2005 Financial Summary 3 EPSTEIN INTERESTS Your Portfolio Holdings 4 DID 12/26/91 Transaction Detail 5 JEFFERY E EPSTEIN & MARK L • Fund Activity EPSTEIN & WIWAM ELKUS FTEES 457 MADISON AVENUE 4TH FLR 0 NEW YORK NY 10022-6843 -n C in r £866PEOCIA19- ANGS Your Portfolio at a Glance TOTAL VALUE OF SECURMES THIS PER/20• 613.200 csth Doan Market Value of Your Portfolio S72.068 371.848 MONEY MARKET FUND SALA.NCE 72.068 Emiless $613.200 5519.903 NET EQUITY MOS PERIOD 5685.268 Carrera marker vela NET EDWIN LAST STATDIENT 591.746 MO Lau Hartmann maker mkt CHANGE WOE LAST STATDADIT 93.522 mr veriblo —w sr won toward "01 Oa OW fa afraid 17 hi TOP Yea✓lloOraos and Me MN ISO TN, Post There are no 'Stop Loss' orders a other pending buy or sell open orders on Me for your account. PIM. earl•071.0lialjall,Itett > cxercis or 0:0t. MOMS a C44, W.1 ra alum 177NIS er ram az, art Crews n Roar Sown. Sytwerer CM. On lalreath Omar !Ica Bourn. ror • WIY-)ari rail TR SWIRLY RIa Incemtlenal Repast. wry. 1 Or not Iterdel Sint 607tratt 'N sutorret soca SA rained to yorr MeV. FA Merida& fa earned VrIrrnarro 027 12,31,O6737U car 11790 EFTA01320170 CLEARED INREtral EFS Lv °owe) Ea*Way Bey. Slain Secvain Coro, Ore thrown, Conn Abe, t wo" pow vceg it 201.11.59 EPSTEIN INTERESTS ril IJ IJ IJ --J a'• 0 0 Tz E I C rn z -H r t7866t7£00- 019- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE Oil 12.01/04,37 35 CM EFTA01320171 0 z m 5 m z -H r 58666£00 W9 I8 --J --J BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Beer. Steams a Co. Inc. 383 7.1adison Avenue Nei./ VD*. `Len York 10179 3 es Cash Flow Analysis TIC LIMO, Income Summary INS P(2100 WAR TOOLS( Opening Eta lance $0.00 Dividends 221.76 14,697.99 Money Fund 221.76 Total $221.76 $14,697.99 Amount Creaked $221.76 Money Fund .221.76 Portfolio Composition Amount Debited 1.221 76 CashiCash Equivalent 72,069 CloSing Balance $0.00 Equities 613,200 Total $685.268 CLEARED VoiROJOv ITS 'eased, OweES SteSpeity eer. Seem.. Scoscies Co'. fee llentech c. Nov Oriver. ken VA 11201.3159 EPSTEIN INTERESTS STALEMEhT PER= Nbierntio 1.2005 TARQUOM ekheeretS 30.2005 ACCOLMT YuLOWI TWALLIR MAWR LAST STATVALNT October 31. 2COS Your Portfolio Allocation Ueseeled %Ile• wee CAW eleeeee rote MAI erste: nix. The alecereee weeny le eleeeme frtnn re etAniees Arse, ala of par Lelolek 021 124,1105,07 SS 00' VISO EFTA01320172 CLENKO nOtOutei TTS verCur ten= summer 0 -n C in r 9866PEOCIN9- ANGS IS b.) V.) IJ 00 00 BEAR STEARNS OFFICE SERVICING IC( ACCOuVr Bear. Steams & Co. Inc. 383 matison mon-c Your Portfolio Holdings CASH & CASH EQUIVALENTS C430NPTON erveareuSe DREYFUS CASH MANAGEMENT-CL A DICEY 72.068.02 1.0300 72.068 2,567 3.7007 iNSTitunDHAL SHAPES EST, 30 DAY AVG VIEW 3,9000% TOTAL CASH & CASH EQUIVALENTS Weal ESTIMATED 0.0Ron ou/irm PRICE VINE IMAM ACCalf MO IV S72,068 $2,667 EQUITIES W. Swim Seamen Cap. One Meow% Ca, wenn letrerbe new York 11201.380 EPSTEIN INTERESTS Sterne? PERICO November 1,2005 Ineetam November 30.2005 AeCturn Ware Minnie NANO. On Fie LAST STATENENT °crabs 3% 2005 Equities & Options The research ratings for Bear Stearns (BSC) are shown fa certain securities covered by the Firm's Equity Research Department. The first rating represents the stock's total return relative to the other stocks coveted by that Analyst. The key for the stock rating values is as follows: 0 Outperform: P — Peer Perform: U - Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO - Market Overweight; MW — Market Weight; MU — Market Underweight. In cases where a BSC rating Is present, the name of an independent. third•party research provider and their rating may also be displayed, ‘vhere such research is available, The various providers have normalized their ratings systems as follows: B = Buy: H = Hold; S - Sell. The ratings information contained herein is for informational purposes on and is not intended to provide tax. legal or investment advice. Bear Stearns is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent. third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent. third-party research on certain companies covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at mim.tearsteams.00m a can cell (800) 517.2327 to request that a copy of this research be sent to them. CeSCOPTIOn Sweet/CUS. ACCI Mt OLIA/Mtt PM WACO VALUE (.531/ATID MOIL IPICOAC CURRENT YEW (SO ABERCROMBIE & Bleb CALLA ANf CASH 10.030 61.3200 613.200 7.000 1.1416 BSC RATING: STOCK 0/SECTOR NW CATHAY FIMNCI4L INC. RATTIG: 5 BANPAIS SA•SPONSOREDADR BPtBY CASH 20.000 unpriced REPSTG 6 SER I 3115 Total Equities& Options $613,200 $1,1200 TOTAL EQUITIES $613.200 37.030 027 1101850735 COI elite EFTA01320173 0 ii C in r L866PEOCIA19- ANGS BEAR STEARNS arra SERVICING YOUR ACCOUNT Bear. Steams & Co. Int. 383 Madison Avenue Now York. New York 10179 5 as Your Portfolio Holdings (continued) YOUR PORTFOLIOHOLDINGSESTIMATED ANNUM. INCOME S9.667 YOUR PRICED PORTFOLIOHOLOINGS $685.268 Transaction Detail MONEY FUND ACTIVITY aunt TI/10{0I4 128 V4,40.1.Y OHNED Wintwe w IrneoteHt Gem Xolli aroathn We Yet 11201.3859 EPSTEIN INTERESTS 87HitucHT MOD Nometer 1.2005 Hoverter 30.7005 24COuHT Wallet 723320041. Ma, lir a. .AST STAT9WNT October 31. 2005 DAN RCMP TWISACTIIII DESORPION Svoll01./CUSP moony Pea eEen Mellel MINT ACM 11101105 OPENING8A1ANCE 71.846.26 11/01/05 DIVIDEND DREYFUS CASH MANAHOHENT-CL A INSTIRMONAL SHARES DICIU 221.78 MONTHLY DP/MEND 11/01/05 REINVEST DREYFUS CASH MANAGEMENT-CI A eaSTOUTIOHN. SHARES DICOC 221.76 221.76 CHDENO REINVEST 11130/05 CLOSINGBALANCE 72.068.02 TOTAL 3-221.76 1221.76 031 201A5:07 35 Col V888 EFTA01320174 REARED THROJOPI ITS %NOW' 01-0 Steetcrav T4iNaGUNO0 88666£00 W9 IS b.) 00 00 BEAR STEARNS (NICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New V.A. New YON( 10179 ACCOUNT MIME TELENCNE VISIT OUR MEW( 7ICHERMAN IRA W.W.beargearns.obbn What's In This Statement Financial Summary 3 Your Pordolio Holdings 4 Transaction Detail 5 Fund Activity 5 Your Portfolio at a Glance TOTAL VALUE Of SECURMS VAS Mum, 519.900 MONEY MARKET RIND BALANCE 71.846 I...1111..1i ..... EPSTEIN INTERESTS OTD 12/26/91 JEFFERY E EPSTEIN & MARK L • EPSTEIN & WILLIAM ELKUS ITEES 457 MADISON AVENUE 4TH FIR NEW YORK NY 10022-6843 Market Value of Your Portfolio CAM Equan a 671.646 $71.034 NET FOAMY Ma PERIOD 5591.746 NET EQUITY UST STATEMOR 569.504 CHANGE SINCE LAST STATEMENT 22.242 true =apse urea. re a mt. Trertara wart.. kW ow eat rePeetea e Pt To* vas of Seculars are Pe Wet Babb This Neat There are no 'Stop Loss' orders or other penrAng buy or sell open orders on rile for your account. Upsides Betas Bort rateriemor it way. N cream aWW. . Misted Ts atirrni b yes. Get Sseet.•140304-1421. a vole a Chet Sawn N Beet Se•• kens Can. 0.. IleirAsth Gina, x•m iroothn 20 4461 $M9.903 6498.800 O M eirrent market value ▪ last statemercs market value Bear. Swans Seastes Cob. Ore ifesolecn taxer fen too*. New vest 11201-3639 EPSTEIN INTERESTS STATfvf•T Prince oczeber 1.2005 TH9CksCe4 Ociots 31. 2005 ACO011e %AMER TAx•AwER 41.1.0ER On fee LAST STAY-FUN, September 30.2005 'naryN Ta irfcavoyel payees We/. Ft as Ml reamielas a OA Canes. IN rawest sheaf MI meshes la yea records. Sae Nana Side Sr iwatint.thretabVi 027 11,0101 OS 34 Pet V097 EFTA01320175 CLEARED 114tOLC2i rTs 007.00 SuliSi0020 gut Sums Semites C00. Ore stvu051 Csair Nru 0 ,20r. Ntar Tot 11201.0959 EPSTEIN INTERESTS O -n z C in z -H r 6866PEOCIA19- ANGS 8 IJ IJ 2.) 00 00 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 11/01.0.911:34 001 V097 EFTA01320176 CLEARS, 111000704 ITS alto' ownED SIAISIDWV ril 8 IJ IJ IJ 30 oo 1.0 BEAR SIMMS OFFICE SERVICING YOUR ACCOUNT BOIL SWIM & CO. Inc. 383 Madison ArertO7 New York. New s'ock " 0179 3 NS Cash Flow Analysis TIN PERI3D Income Summary MIS PERIOD ma to Dm Opening Bs ranee Money Find $0.00 842.68 INvIdendS 842.68 Total 5842.68 14.476.23 514 476.23 0 Amount Credited 5842.68 0 Maley fund -842.68 Portfolio Composition z Amount Debited S-842.68 Contemn Equivalent 71.846 m Closing Balance $0.00 Wan 519.900 C in z -H Total $581.746 r 0666PEOCIA19- ANGS 027 11,01.03:01 14 0:0 kw. Stuns Sactein Cap. Pie Metn7ch Wage North 8.888n. Mu Yin 11201-31079 EPSTEIN INTERESTS reesesa PERIOD Oct 1.2003 flinoir.,04 Wow 31.2005 ACICCIAT MASER TAxpArEk win" On Fla UST STATCWW7 Scatinber 30. X05 Your Portfolio Allocation Cash 4 (000.7700, 13% Cgt,itieS 87% t".•4004 laYki•O Wow la: 700, ra VO1 ma* vsbaxi 7, • 4katen ppiriner s 0nwl Inn re .114.4. nor.* rah.a or sr ow e+, VS) EFTA01320177 to IS b.) IJ IJ 00 00 T4iNaGUNO0 T6660£00 W9 BEAR STERNS OFFICE SERViCING WuR ACODUNT Bea% Stearns & Co. Inc. 383 Madison Avenue S ack 10179 4>6 Your Portfolio Holdings CASH & CASH EQUIVALENTS orscarnoit SIVIOUCUSIP DREYFUS CASH MANAGEMENT-CL A DICU INSTITURONAL SHARES EST. 30 DAY AVG YEW 3.7500% TOTAL CASH & CASH EQUIVALENTS CIUNIVIT 71,848.26 Wear ESTIMATED CURVY/ PRIX Mina won MX/ II0 1.0500 71.846 2.443 3.4003 571.846 52.443 EQUITIES CDS not000m as wattlY pm= EAISSOMm Net Simms SnanIel Cap On. ileiroWn Caw Abrn at 11201.869 EPSTEIN INTERESTS sTATENewr nmoo Ortoter 1.2005 notouom Water 31.200$ A02Cuir nuns. ll TAVIAMIR Nunn On File LMT /TAMAN? Sentence 30.2005 Equities & Options The research ratings for Bear Stearns (BSC) are shown for certain securities Carved by the Firm's Equity Research Department. The first rating represents the stock's total rettrn relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 - Outperform: P = Peer Perform: U = Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO - Market Overweight: MW -, Market Weight: MU - Market Underweight. In cases where a BSC rating is present. the name of an independent, third-party research provider and their rating may also be displayed. where such research is available. The various providers have normalized their ratings systems as follows: 8 - Buy, H - Hold: S - Sell. The ratings information contained herein Is for informational purposes only and is not intended to provide tax. legal or investment advice. Bear Stearns is neither soliciting any action baSed on such information, nor endorsing any recommendation Cr opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent. third-party research ' 'es covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at vmw.bearsteams,com or can call to request that a cagy of tNs research be sent to them. AWAIT ACL1 csnwtto coanna 519.903 w.OX MIAMI. MUM nEte ne OFSCRIMIM SISALS* NPR 14(Wafft 0.COO Pea ABERCRC4ABIE & FITCH CO-CL A ANT CASH 7,000 1.3464 BSC RATING: STOCK 0/SECTOR MN 51.9900 CATHAY FINANCIAL INC. RATING: B BARONS SA-SPONSCREOADR BPIBY CASH 20.000 Unpiked REPSTG 8 SER L SHS Total Equities& Options 5519.900 57.000 TOTAL EQUITIES $519,900 $7.000 027 II/01000e SI 001 1107 EFTA01320178 CLEARED TIRSOLION RS smart onto S& SC 0 0 z m C in z r Z6666£00 W9 b.) IJ IJ 30 00 BEAR STEARNS CETICE SERVICING YOUR ACCOUNT Bear. Stearns b Co. Inc. 383 Mason Avcm.e Now York. Neve YrA, '0179 Your Portfolio Holdings (continued) YOUR PORTFOLIOHOLDINGSESTIIAATED ANNUAL INCOME 39.443 YOUR PRICED PORTFOLIOHOLDINGS 4591.746 Transaction Detail MONEY FUND ACTIVITY Sea. Yarns Sermon Cup One PAtinfach Came Mee Irma" Km York 11201-1859 EPSTEIN INTERESTS STATIANINT PEFACO Outoer 1.2005 TomOuGN OstcOm 31. 2005 ACCOvrer WEER 'amma Wines On 1k LAST STATEMENT SeMente 30. 2005 DATE vOISAT TRANSACTION cacairlION SMADOIDAIIP Ewan MICE an PAIMIn carte mew 10/01/05 OPENINGBALANCE 71.003.58 10103105 DIVIDEND DREYFUS CASH MANAGEMENT-CT A DOM 842.68 INSTRUTIONAL SHARES MONDLY DPADEND 10/03/35 REINVEST DREYFUS CASH MANAGEMENT-CL A 842.68 842.68 INSIITUTKPLAL SHARES CADDO RERIVEST 10/31105 CLOSINGBALANCE 71.846.26 TOTAL S-842.68 $842.68 027 0105.011 34 Doi '497 EFTA01320179 CLEARED THACUSI ITS WYOUY OWNED taillSOA/Ce BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Beat. Steams a Co. Irc. 383 MediSDI Morgue New Tech, New Tort 10179 EAU San SoDedek GAD ON *Meth Cats WO 'oleo. New Yon 11201.3859 ISM EPSTEIN IMERESTS ACCOUNT ETECUUVE ZICHERSAANTRA TELEPHONE (■ vlsn OUR WEITSill mymbeatsteann.com STATEDENT PFIA00 meow.. SeElbrobe 1.2005 Septerreet 30.2005 What's In This Statement II IIlilt...1111111LI.111111111111111111111111111151II IIII I I ACCOUNT MAMA WEAVER WIMP, LAST STATIAIENT Aqua 31.2005 Financial Summary 3 EPs7EiN INTERESTS Your Pcrtfctio Holdings 4 DTD 12/26/91 Transaction Decal 5 JEFFERY E EPSTEIN & MARK L 0 0 Fund Activity Your Messages 6 7 EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FIR NEW YORK NY 10022-6843 ril 8 b.) V.) Is) 30 00 m C in r £666PEOCIA19- ANGS Your Portfolio at a Glance TOTAL VALUE Of SECuerriES alb POMO' 498.500 Market Value of Your Portfolio Cash a Equealert 371.004 5667.541 MONEY MARKET FUND BALANCE 71,004 [gibes $498.500 SO Ter Eaurry THIS Pam $569,504 I n Oren: mate rake NET EMMY IAST STATEMENT 667.544 OM last statetneets MIAS valte CIW4CE SINCE lAST STATEMENT -98.040 -my told* el:Lida almas ereecia era ON lee ea letetet4 A IN eler IS of flearbre rel to Net Rate 11* IMOD Them are no 'Stop Loss' orders or other pending buy or sell open orders cc file for your account. bast woe any oJWf or norersil of cesees or an.. ACkelee r eetvresi a eve ea Clore Sericee at IC043•14.11: of Toy Is Peer Green en W. Sun Seam. Cup. CAA YeAleece Corer Ma leo.), 5 Y is xiabe ITV 1, 11 envy n Dr Memnon( AITOM WO. In. tot mow os a Us COODIDE Tele stemeww Veda be Mane No yew men% Sn KWH >de It, rtputen rforrwer 027 130105 r 53 00 mm95 EFTA01320180 IN OAK!, 0•80.104 rrs 01.01.2.Y CM060 VultS0A.We Bac Sian Swans% Cap On Vaeohch Crew WV. 8200220 Mew ry6 11201.1859 EPSTEIN INTERESTS 2 0 z m cim z H r 1766617£00- O1D- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 027 11101.03:11:50 D01 S1 O EFTA01320181 BEAR STEARNS OFFICE SERVICING YCOR ACCOAT Bear. Steams I Co. Inc. 383 Madison Avenue New York_ `Jen. 'jerk 10179 3 a e Cash Flow Analysis nes PERM Income Summary 1111$ 101:00 YEAR MOM OpenIngEtelance MOD Dividends 1.864.41 13.63345 Mcoey Fund 600,269.41 Total $1 ,864.41 $13.633.55 Amount Credited $600.269.41 0 Secedes Bought -548.405.00 Portfolio Composition z Money Fund 1.864.41 Cash Cash Equrralem 71,004 -n Plaids Withdrawn 40.000.00 Equines 498.500 Amount Debited S-600 269 41 C in z -H ClosIng8alance $0.00 Total 5569,504 r 5666PEOCIA19- ANGS I8 b.) tO IJ U.) 00 027 10C, 0] 11 SO 001 WARP-0 TiltOLKS. ITS 'MOLLY 0'w4 SUSS-CaRY Bur. Surf Starnes Coo. he Udinsoo Carelt. 100. erooihn. Mw vat 112014869 (1.01.1 EPSTEIN INTERESTS STATEMENT etea. Seventy.* 1. 2005 THROuCom Semmes 30.200s ACCON0 JUSE9 TAOAVV Pe R KAMER l itM in WT STATMENT Au;ust 31.2005 Your Portfolio Allocation LMINCe4 MM 01,01 0 P:4 BYau are..C.r erto vrsua rn. alltealen :ac 3. wcnoc won Ire *wawa rw'ree viba• W.' )41.0b VI% EFTA01320182 C.E.AFit0 114ROVell ns wrOLLY 04.041.0 &eta*Re 0 -n in r 9666PEOCIA19- ANGS IS b.) V.) is) 00 00 00 BEAR STEARNS OFFICE SERVICE% YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue Y NeA 10179 4 t3 Your Portfolio Holdings CASH & CASH EQUIVALENTS INSCRIPTION SYLII.XOSP DREYFUS CASH MANAGEMENT-CL A DICKS INST1TUTCOLAL SHARES EST, 30 DAY AVG YIELD 3,6200% TOTAL CASH & CASH EQUIVALENTS amen 71.003.58 PRCI 1.0000 71.004 ESIWATED CURIUM Wein ',CPA fl LO (IQ 2.411 3.3998 $71,004 12.414 EQUITIES Sew. Sion" Sxulles Carp. 0.* Iternseen Crier Wets bed, pi Paw CA 20 .3*19 EPSTEIN INTERESTS STAIStEsT KA 00 September 1.2005 1179004. September 30.2005 ACCOUNT luw8ER TAxiwctot to-went On File LAST rrerorter Aught 31.2035 Equities & Options The research ratings for Bear Steams (8SC) are shown for certain securities covered by the Finn's Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 - Outperform: P -- Peer Perform: U = Underperfonn. The second rating represents the rating of the coverage universe relative to the regional broader market Index. The key for the sector rativg is as follows: MO - Market Ovenveight: MW = Market Weight: MU - Market Underweight. In cases where a BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed. where such research Is available. The various providers have normalized their ratings systems as follows: 8 — Buy; H — Hold: S - Sell, The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal or investment advice. Bear Stearns is neither soliciting any action based on such informatico, nor endorsing any recommendation or opinion expressed by any independent. third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent, third-party research on in m ernes covered by the rim's research is available to customers of Bear Stearns at no cost. Customers can access this research at vmw.bearsteams.com or can cal to request that a copy of this research be sent to them. AOC, PAMICE1 (SUVATED OSSOCI CeatIPIO4 SYMBOUOUSP Mt 000111TY Kla YIOC /ARM WOW 111110 ra ABERCROMBIE & FITCH COC1. A ANF CASH 10.000 49.8500 498.500 7.000 1.4042 BSC PATRIC: STOCK WSECTOR IAN CATHAY FINANCIAL NC. RATING: B BANPAIS SA-SPONSOREDADD. OPtBY CASH 20.030 UnprIced REPSTG 6 SER L SHS Total Equities& Options TOTAL EQUITIES 5498.500 17.000 1498.500 57.000 027 1001 CA 11 SO 001 W06 EFTA01320183 0 ii C in r L666PEOCIA19- ANGS 1 8 IJ IJ IJ 30 00 .40 BEAR STEARNS OFFCE SERVKING YOUR ACCOUNT Beer. Stearns & Co. Inc. 383 Mattson Avenue NN k 10179 S ore Your Portfolio Holdings (continued) YOUR PORTFOL IC HOLDINGS ESTIMATED ANNUAL INCOME S9.414 YOUR PRICEDPORTFOLIOHOLDINGS 5569.504 Transaction Detail INVESTMENT ACTIVITY WISDOM MCC an DOI IllMISX/1014 09/12/05 09/07/05 BOUGHT DISCROTION ABERCROMBIE & FITCH CO-Ct. A UNSOLICITED ammo nrsator ITS eraiOU. OrMOD SUIIIIONRY Dew. Steen Soorion Ca,. Coo MonoOs Colo North iiiir m ercto 11201.3109 EPSTEIN INTERESTS IRATE046/0 n*CO SOCCOMber 1.2005 TIO0/0/4 Uotomore 30.2005 ACCOUNT SLUM 1. 11.02 102IPAYEIR MAIM On Re einovoe Men! 31.2006 satt.tusn cusannv NCI mart Aram CittOIT WOW ANT 10.000 54.78000 548.405.00 TOTAL 5-548.405.00 DEPOSITS AND WITHDRAWALS Oen TROISAC11014 09/20/05 END WIRED DISC M l. FNDSWIRED TO Bin anrt AVOura 50.000.00 MIXT .1F0141 TOTAL s.so.000.co 02' raprof..1150 COI SIN EFTA01320184 ITI 8 b.) IJ Is) 8 0 -n C in z r 8666PEOCIA19- ANGS BEAR STEARNS OFT/CE SERVICING YOUR ACCOUNT Bete, Steams b Co. Inc. 383 Madson Aten..e Now York. New Yr 0179 6 et WARP ile0UGH es mad, ate) MA (ay is. Simms Swoon Cop. Ow Mimed, Goa men maws Ns Yen 1120%.1/1$0 EPSTEM INTERESTS STAIIDJENT KAM September 1. 2006 Transaction Detail MONEY FUND ACTIVITY DAR WILY IRREALIVN (continued) ceSabletti SmOOLCia our IDNE minuet. Septemate 30. 2005 ACCOUPer MAWR imPAyeli mule. On File usr suallawr Aucent 11.2006 MI MOW came AM0LIM 0901/05 OPENINGBALANCE 667644.17 09101/05 DMDEND DREYFUS CASH 1.4.411AGEMENT•CL A DIC10I 1.864.41 INSTITUTIONAL SHARES IICAMILY DNIDEND 09/01105 REINVEST DREYFUS CASH IAANAGDAENT.a. A DIC10I 1,864.41 1,864.41 INSTITUTIONAL SHARES CAVIIEND REINVEST 09/12105 SOLD DREYFUS CASH IMNAGEMENTCL A iNSTiTuTOLAL SHARES DIC0 -..448.40S 1.0800 548.405.00 09/20/05 SOLD DREYFUS CASH MANAGEMENTCL A OICU -50.000 1.0000 so,ozece INSTIRITION.Al. SHARES 09.0005 CLOSINGBALANCE 71.003.58 TOTAL 5.1.864.41 5600.289.41 027 SO COI YBAA EFTA01320185 MEARES THROutri ITS Endplay ONNIE0 SteSWAT 0 m cim H r 666617£00- IND- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Rear. Steams a Co. Inc. 383 Madison Avenue S ork 10179 Your messages Bear. Steams Securities Corp. Net Capital and Net Capital Requirements: At May 31. 2005 and July 31, 2005. the Company's net capital of approximately S4.1 billion and $3.9 billion was approximately 6% and 7% of aggegate debit items and exceeded the minimum regulatory net capital requirement of approximately 41.3 billion and S1,1 billion by appronmately 52.8 billion and S2.8 billion, all respectively. A complete copy of the Bear, Stearns Sectrities Corp. Statement of Financial Condition Is available on the web site vrmv.bearsteams.com. Alternatively. to request a free printed copy please call - toll free 1-866-299-9331. raF Sem Mews Smote. Ca. Cat *meth ewe Item &Soon II20,48SE EPSTEIN INTERESTS STATEMENT PERIO0 SeptefrECt 1.2005 NROUOM Septtinta 30.7005 ELEM.(' Numetil TAXMAN.* 'ammo% On FM WIT STATetexT Aygdt 31. 2005 Securities and other assets in your account are the firm's collateral for any margin loan made to you. If the securities and other assets in your account decline in value, so does the value of the collateral supporting your loan, and. as a result, the firm can take action, such as issue a margin call and/or sell securities or other assets in any of your accounts held with the member, in order to maintain the required equity in the account. It Is Impoitant that you fully understand the risks involved in trading securkies 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 searities or other assets in your account(s). • The firm can sell your seasities or Other assets without contacting you. • You are not entitled to choose which securities or other assets is your account(s) are liquidated or saki to meet a margin call. - The firm can increase its 'house maintenance margin requirements at any time and is not required to provide you advance written notice. • You are not entitled to an extension of time on a margin cat 02) 1001,26:11 SE Yvoe EFTA01320186 O -n z C in z r 0000SEOCIN9- ANGS BEAR STEARNS ma SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Marinas Avenue 10179 a • This statement is provided to explain Bear. Stearns & Co. Inc.'s (-BSC") payment for order flow practices. BSC routes a majority of orders for customer securities transactions to the primary market for such securities. Orders may also be routed to other market service vendors that assure executions pursuant to complex mathematical formulas at better than the national best bid or best offer (N88O). BSC receives no cash payment or other consideration for such coder routing other than favorable executions or executions of limit orders at no additional charge. STOP End of Statement UM' CLEARED T140.04 ITS moms* awe 0.10SOARY SW. Seisms Scones co' Go *math C— IWO mar 112014559 EPSTEIN INTERESTS SunOS, Pelb00 Secternbcc 1.2005 THROWN Sopowntor 30.2005 ACcoaa mAskoi TAXPAYER komt01 On fie LAST ssftonOn MOSS 31.2006 Pursuant to SEC Rule 11 P.c1-6, please note the follmving: Bear. Steams & Co, Inc. will post its quartedy routing statistics at the following web link: http://vmw.bearsteams.comr. Click on Individual Investor, Click on Equities. Click on Order Routing Practices. Customers of Bear. Stearns & Co. Inc. may request information on any order executed within the prior skit 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. 02/ 1001,03.1i SO 001 V1196 EFTA01320187 CLONED MSCUOPI ITS ANC:UV °ma SASHAY 0 -n C rn r TOOOSE00- 019- ANGS BEAR STEARNS OFFCE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 363 mackson Avenue New York. New York 10179 ace Stwors Staritin Cap. Die Merge, Caeca Ram Neck*, Vt. 136 11201.3850 EPSTEIN INTERESTS STATElasT PERIOD fl y 30.2005 THACNOM N.9.61 31.2005 ACCOUNT EXECUTIVE EICHER/AMARA TEIEPTIONE VISIT CUR WESSITE www.tearslearns.cem What's In This Statement Financial Summary 3 Illlllllelell...ell•llllellll',I,,l.,llelelllelllllI' EPSTEIN INTERESTS N 360063 66,003 lid TWAYIR MAIOCR Or File UST STATEMLNT 1My 29. 2005 Your Portfolio Holdings 3 DM 12/26/91 Transaction Detail 4 JEFFERY E EPSTEIN & MARK L Fund Activity 4 EPSTEIN & WILLIAM EMUS TTEES 457 MADISON AVENUE 4TH FIR NEW YORK NY 10022-6843 Your Portfolio at a Glance Market Value of Your Portfolio MONEY MARKET FUND BALANCE 667.544 Cain & Eputraket S$6 6 6657. 57424 NET EQUITY MS PERIOD 5667,544 MO Current WOW vail, IN UHT Dane r• market MEN NET EQUITY LAST STATEMENT 665.772 CHANGE SINCE LAST STATEMENT 1.772 IT* safe% Wades aeries uroces warn. to a re reftas0 In• W Mika & 8•0•11. Nl vo W. 66.6 fine Iss6:4 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. haw mat sty 011enas or rawnosol cichide or 6066 .nfaote N erNetwC Is Clem Vera e1 80343.1421: or vans b Cle6 See.. it 9. Sion 8.6.6.41 Cep. 0.6 Mesokeh Cam N.m. beetW6 I V. 11301.3832 al Ms ssmTRT Is De menreme 61,3401096 ta Winded8w Am boast Os swoon m ad be Turn! yrAP meta See teem RS iR ROCetaill 01' 0301/05.13 27 001 VMS EFTA01320188 CLEARED THROUCH ITS VmOLLv OoniD Suess:wry M. Sans Sec...ills 0c. One Monica Croy Math dar t liaohnst EPSTEIN INTERESTS O z m cim z H r ZOOOSE00- 019- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 02/ OSATOS.13 27 03i WAS EFTA01320189 CLEARED THROWN RS vmOur Onset) samovar BEAR STEARNS OFFICE SERITICR4 YOUR ACCOUNT Bear. Steams & Co. Inc. 3B3 Madsen Avenue New York. New York 10179 3 NS Cash Flow Analysis nano), Income Summary MS MOD ILO 10 Mg. OpeningBalance Money Fund $0.00 1.772.51 Dmdends Total 1.772.51 $1.772.51 11.769.14 511.769.14 Amount Credited 51.772.51 0 z Money Fund Amount Debited 4.772.51 S-1.772.51 Portfolio Composition CaTJVCash Equvalent 667,544 m Closing Balance $0.00 Total 5667,544 C in Your Portfolio Holdings z J CASH & CASH EQUIVALENTS 1.0.21E: ESTR/A1t0 CLI0P011 mann= swans Ourwnlr NICE volt SWIM nowt YIELD IV DREYFUS CASH MANAGEMENT-CL A DICOC 667.544.17 1.0000 667.544 21.361 3.1999 r INSTITUTIONAL SHARES EST. 30 DAY Av6 MD 3.3400% TOTAL CASH & CASH EQUIVALENTS S667.544 521.361 £0005£00- 019- ANGS 071 CS0101•13 37 001 Bs. Sun &gams Coy. One Metsuch Lwow Main Ssx0tyn Mem at 201 MSS EPSTEIN INTERESTS STATEMENT 14201100 July 30. 2005 TNROUOM August 31.2005 ACCOute MAPS TAT:PAWS WM" On Ste LAST STATINS70 1,4 29. 2005 Your Portfolio Allocation Cash A Equiislen 1006 Uralcloi =ROM Ora. 4407 14YK4 TYi Vcr Nile rivet Me abate, pircaltn.4 *nod 1,00, M ncia, neml. vabe 0, yea tefeolo MS. EFTA01320190 0 -n C in r POOOSE00- 019- ANGS I8 INT INT INT BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams 6 Co. Inc. 383 Madison Avenue mar k 10179 4 at Your Portfolio Holdings (continued) EQUITIES Equities & Options Independent. third-party research on Celan companies catered by the Firm's research is av rs of Bear Steams at no cost. Customers can access this research at www.bearSteams scorn or can call to request that a copy et MIS research be Sent to them, CC, wart BOOM CURSOR 0004/03,4 so/mucus. me Munro mcc TWA AAPLIN RONAL TELD DO BMIPAIS SA-SPONSOREOAOR BPIBY CASH 20.000 Unprced REPSTG 6 SER t SHS Total Equities& Options SO SO TOTAL EQUITIES so SO YOUR PORTFOLIOHOLDINGSESTIMATEO ANNUAL INCOME $21.361 YOUR PRICED PORTFOLIO HOL DINGS $667.544 CLEARED THROLCEN ITe VATOU. ORTOD SuSSOWSY Sew. Seam Sono; Ca Cr* - Ortir MIS ON 20 3859 EPSTEIN INTERESTS summer mace JOT 30.2005 noteunt August 31.2005 ERODUNT TOWER, TOOTATEA ounce On Fre Var STATEMENT July 29.2005 Transaction Detail MONEY FUND ACTIVITY DATE MOW TRANSALIKIN DESCAVIICN SOMOLCUSP WORM MCE DWI ATIOLMT COCO MOUNT 07/30105 OPENINGBALANCE 555.771.66 08/01k6 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICIOI 1.772.51 saTiTuTIONAL SHARES MONTHLY CtiDEND 097 01101.001307 001 VIM EFTA01320191 0 C in r SOOOSEOCIA19- ANGS I8 IJ IJ is) BEAR STEARNS OFFICE sEcnnemo YOUR ACCOUNT Beat. Steams & Co. Inc. 383 Vcdson Avant.° 5 of 5 Transaction Detail (continued) MONEY FUND ACTIVITY (Continued) DAR MCAT TPAYSACTION Cagan,* 08/01/O5 REINVEST SYSSOUCUSla DIC30( UWE° TI *00:10. ITS VMCtLY 0,814ED SueSiDar a- Suomi SAarlias Cap. Ora Werottal Cana NAM of 201.3859 EPSTEIN INTERESTS STAM.P.CT ;IMOD Juts 30.2005 nistouctit August 31, 2005 ACCOupa Naiad == Mamma KAMM On Re LAST STATDADIT My 29.2005 WPM ant cort *CUNT MO NSA DREYFUS CASH MANAGEMENT-CL A PLS1RUDONAL SHARES DMDENO RENvEST 1.772.51 1,772.61 08/31/05 CLOSINGRALANCE 667.544.17 TOTAL 5.1.772.51 51.772.51 STOP End of Statement 027 000006.1227 001 EFTA01320192 TQUNR0UNO0 90005£00 IA19 ANUS OFFICE SERYCING YOUR ACCOUNT BB‘R Beer, Steams & Co. Inc. 383 akekson Avenue STEARNS Now York New Yerk '0179 IIIIIIIIII/ ACCOLIVI EXECUTNE TElEPHONE VISIT OUR WEBSITE 1ICHERMAN.IRA yerAttbearsteams.0)^. What's In This Statement Financial Summary 3 Your Portfolio Holdings 3 Transaction Dotal 4 Fund Activity 4 Your Portfolio at a Glance MONEY MARKET FOND BALANCE 665.772 EPSTEIN INTERESTS DTD 12/26/91 JEFFERY E EPSTEIN & MARK I. • EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 1CO22-61343 cub & Etiukakat— .e IOW/ MS PERIOD $665,772 NET EQUITY LAST STATEMENT 664.165 CHANGE SINCE LAST STATEMENT 1,607 "Tts parirde roittloa oto or nee worms mat Vol we rot !Sad ae. to visa J Swat me i.e nu Stay ma Perot There are no 'Stop Loss" orders or other pending buy or sell open orders on file for yoar account. Prom .pat orry Shwa or ror-rorropt el Owns or 6606 'c ase or 0•46•00 YCO. ID Can Serous 100454.1429. or pm* Is Choi Somas it Be r Bean Horses Corp. Coe *tow* Con. corn. 9600 20 4U0 Market Value of Your Portfolio M I Current market vette MI Last stetertenrs rnlekt1 Yalu 5666.772 5664,166 aLAPEO 77103(0.11 ITS 19.0.19, 06030 460001ARY eev. SRAM SeCurOes Cop. Cre MettOeCh Cuter W0 !«6o9 kw von 11701-3839 EPSTEIN INTERESTS situate' niece J.tti 1, 2005 - taccaR hay 29.2005 A0009107 MAW ToxPAY379 µAEA On Ile LAST STATE 4W June YO, 2005 gN IIS sutmn /11X16Cfnitfleal 0opeen fl y II ling needed tax 0007,161. THr Iatetrat 0040 be moaned90100 recap. See revel* WI W 1/0111a1010,11001 027 07/3006.1009 001 W:55 EFTA01320193 0.EARED THROUGH Me WHOLLY OWL E0 WaSIXOW Ow. San SOXIMS Oft memo Came Noe Rooth.% Nee TO& 11201.3859 EPSTEIN INTERESTS 0 -n C in z -H r LOOOSEOCIND- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 027 07r1005.1002 COI EFTA01320194 0 z ii C rn z J r 80005£00-019-ANGS BEAR STUMNS OFFICE SERInCeiG YOUR ACCOUNT Bear. Stearns 6 Co. Inc. 383 Maroon Avenue New York. New York 10179 3 as Cash Flow Analysis AER130 Income Summary DroS70:40 AAA 70 Dot Opening Balance 10.03 Dividends 1.807.05 9.998.83 Money Fund 1.607.05 Total 51.607.05 59,998.83 Amount Credited S1.607.05 Woes Fund -1,807.05 Portfolio Composition Amount Debited 61.607.05 CasnrCash female's 665.772 Closing Balance $0.00 Total $685.772 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRIPTOPo SYMIOOLOSP DREYFUS CASH MANAGEMENT-CL A DIGO( INSTITUTENAL SHARES EST. 30 DAY AVG YIELD 3.2000% TOTAL CASH 8. CASH EQUIVALENTS 0MOiorro 665.771 66 MUM, CSIYAMED CURRINT MICE vane AMOS. ACCOA MD MO 1.0000 665.772 19.307 2.8999 $665.772 S19,307 027 07130.06:1000 001 CLEARED 11.10uon YOCUM *MAO SUBSCARY SAM. Seam Seams copo OAMmoOmn C—Nat 2703021. Mao Var. 11201.31130 EPSTEIN INTERESTS STATDIENT PEfe00 MI 1.2005 merooto371 luij 29.2005 ACCOulo7 Mafia maYER MA1017I On Eie LAST STATIOMOM Are 30.2005 Your Pythias, Allocation Cash 1 Equroollenl- 100% Weali4 ;aria* a ale 0. I tame mOtt smon now moms. Tr. skate, mcoomagnememm from Me abitlat rr,ret mom Clme molok EFTA01320195 ril 8 b.) IJ IJ 0 m C in r 60005£00- 019- ANGS BEAR STMNS OFFICE SERI/ICING YOUR ACCOUNT Bert. Stearns & Co. Inc. 383 &Mason Avenue ek 10179 4 oP s Your Portfolio Holdings (continued) EQUITIES Equities & Options Independent. third-party research on certain companies covered by the Firm's research Is a ers of Bear Steams at no cost. Customers can access this research at www.bearsteams.com a can can to request that a copy of this research be sent to them. AST uARKET ISMAATIO CURRDa DESOIIPTCH SYMOOLCUSP nut CLAIM, Pala MU( WIWI SCOW IMO 00 BANPAIS SA•SPOPISOREDADR BPIBY CASH 20.000 0r:cited AFFSTG 6 SOIL SHS Total Equitces/S Options SO SO TOTAL EQUITIES SO SO YOUR PORTFOLIO HOLDI NGSEST 'MATED ANNUAL INCOME 119.307 YOUHOHICEDPORTFOLIOHOLDINGS 5665.772 Transaction Detail MONEY FUND ACTIVITY OAR 1.40/0AT TRUGACI1ON 07/01/05 OPENINGSALANCE 04.164.61 OESCRIPTINI CLORE° THIOLPH ris %% Ow' OV•140 SuSSOwar bar. Sirs S4mrites 44.4 Ore uscrottai Cow tin asir 112014.59 EPSTEIN ItiTERESTS STATEMENT mace JuR 1.2005 THaston JuR 26 2005 ACCOUVI 'OMR a TAxPAY0R Watt On RIO LAST STATMENT lUrie 30.2005 SVISIOLFZUS, WPM FRMA MW MOW! MOO laCtwir 07/01105 ONMEND DREYFUS CASH PAINAGEMENT4t A OICOC 1,607,05 iNsmnteat SHARES MOMS DNUEND 02? 07rA06.1009 COI VMS EFTA01320196 -n C in r OTOOSEOCIND- ANGS BEAR STEARNS CENCE SERVICING YOUR ACCOUNT Bear, Steams & Co. Inc, 383 Maroon Avenue New York. New /n•' 0179 5 AI Transaction Detail (continued) MONEY FUND ACTIVITY (ccotinued) cast NOWT Hums a/ CESCreancit 07,01/05 REINVEST SMICIANITIP MOM °Logo asiKuNt ITS TOMMY MANIC SLIMPISARY Eme Sotn Secedes Cosa Of tathitsch CAME Web fro*" Ear MN II20141Se EPSTEIN INTERESTS STATEMENT AIRCO )4 1.2005 TAMOulat lob 29. 2005 ACCOUNT MAW TAXPAYER yam On Fie LAST STATDADIT Ara 30.2005 Oummw OM MOMS Ca AMOUNT DREYFUS CASH MANAGEMENT-a A MSTrILITZWu. SHARES 0u RENO REINVEST 1.607.05 13507.05 0729/05 CLOSINGBALANCE 665.771.66 TOTAL 5-1.607.05 51 .607.05 End of Statement 027 OTICEIL • CS9 COI sass EFTA01320197 CleARS0 THROUGH re WHOLLY DATED SLAItutage rn IS IJ IJ IJ 0 0 TZ E I C in r ITOOSEOCIA19- ANGS BEAR STEARNS OFFCE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue aildi rk 10179 Ow. Slitre StOJIII*1 C . One Milf0t00, COW WPM emeas NMI at 11201.3359 010 222.1000 EPSTEIN INTERESTS ACCOUNT EXECUTIVE ZICHERMAN.IRA TIMONE VISIT OUR WEBSITE wmtbearsteams.ccen What's In This Statement Financial Summary 3 EPSTEIN INTERESTS STAlt001T PSROD Tieleval ACCOUNT MMER TAXPAYER Mae% LAST ST/SO/ENT Jule 1.2005 Jure 30.2005 On Fla May 31.2036 Your Portfolio Holdings 3 DTD 12126(91 Transaction Detail 4 JEFFERY E EPSTEIN & MARK L Fund Activity 4 EPSTEIN & WILLIAM ELKUS TTEES Your Messages 5 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022.6843 Your Portfolio at a Glance Market Value of Your Portfolio C MONEY MARKET FUNO BALA NCE 664.165 5664 165 1662.207 a" t@"1" 1/11111MIIIMINIM NET EOLETT TIDE PERIOD NET EQUITY MST STATEMENT 662.207 MANGE SINCE USE STATEMENT 1$68 The paw men ono a nee %Mem, roads tat are nil Meese nfle as nes 0 Sawa. ee tame!** Die Peal $664.165 There are no 'Stop Loss orders or other pending buy or sell open orders on Me for you account. Pam meal sery Start. a reweate. 0 awe, Ce ebae. Nava se gehlite0 Ix Pam SeMeet s 11,04.Wiabk et an 13 Oen Sr a Mat Swnt Qs MttS Cr sbe oder. ?04.3.S. MO Current marts wee MS Last statement's market due Tres unease N m Ofeerakeel Neven ay. I N ma area n o the amen. Tea SIVAnel steed W Mama elf par react% See niveree ea tar Iteetut alairsbal C27 07101.05:6 0O Confirmation: Unless at hoar from you to the twang. it is our understarding that any free credit balances in yew Dutton: are being maintained to 'acetate your intention CO invest such amounts 'trough 16. *33P EFTA01320198 REARED 1141OUGH ITS MOLLY OWee SUMMARY kW Son SCOAWS OV Uttreteth Ce1W Pan trod*. %re. Yu* 112014.59 EPST E IN I '0 ERESTS 2 e 0 z ii C in z -H r ZIOOSEOCIA19- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0701106:1012 031 11003P EFTA01320199 BEAR STEARNS (NICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue York 10179 3 N 5 Cash Flow Analysis 15.4 ntIOD Income Summary na$ Mao YEAR 100.1!t °Deming Balance 50.00 Diadem:Is 1.957.55 8.389.58 Malay Fund 1,957.55 Total $1.957.55 58.389.58 Amour* Credited 31.957.55 0 z -n Maley Fund Amount Debited Closing Balance -1.957.55 5-1.957.56 $0.00 Portfolio Composition Cash/Cash Equivalent Total 664.166 $664,165 C in z J r ETOOSEOCIA19- ANGS Your Portfolio Holdings CASH 8. CASH EQUIVALENTS COOMPTC&I SYPAIOUCUSIP DREYFUS CASH MANAGEMENT-CL A Dk:Of INSTMITIDNAL SiUiRES EST. 30 DAY AVG YIELD 3.0400% TOTAL CASH & CASH EQUIVALENTS MAMMY 664,164.61 WATT ESTIVATE& OJtel Matt VMLE ANIOJAL NOW( YRD esq 1.0000 664.165 19261 2.9000 5664.165 519,261 027 07/01103.10.42 001 =ARCO TH4W3m rta w.aLY OntED SuBStOcury My. Stone Start*. Cal. One Mtincacn Cats mom Yon 11201.3859 EPSTEIN INTERESTS STATTYPer PEtCO Are 1.2005 THROUCl/ An 30.2035 AZCOUNT *MGR YW*1A wasergt Oa Fie uun STATOaNY May 31.2005 Your Portfolio Allocation Cash & EQUYek0I- 1 op% tathbled miens dot, 6.0, bane* 'nib "01 'W. Nas. TM ini.NaN pito-rap* agalrea ton ipv *Sails naan ,Tv CI )0, WV* v9930. EFTA01320200 0.EARED TiCi0uGH Ra voOu.v ovateo taillea0tAlre rE1 8 IJ IJ IJ $••• 0 -n C in r VTOOSEOCIN9- ANGS BEAR STEARNS OFFICE SERVICAVG YOUR ACCOUNT Beat. Steams & Co. Inc. 383 Matteson Avenue New York. New T0* 10179 4 a s Your Portfolio Holdings (continued) BIUMES Equities & Options Independent. third-party research on certain companies covered by the Finns research is two of Bear Stearns at no cost. Customers can access this research at www.bearsteams.com or can cal to request that a copy of this research be sent to them. ACCT DISCIIPTI0‘ snakattusm rmt tummy PRIM IOARIFT v?...uE tsratuto CuRRINT AMUµ WW1 ?Xl0 CIL) GAMINS SA-SPONSCREDADR BPIBY CASH REPSTG 6 SErt L SmS Total Equities& Opticas 20.000 Unpiced SO SO TOTAL EQUITIES SO SO YOUR PORTFOLIO HOLDINGSESTIMATED ANNUAL INCOME 519.261 YOUR PRICEDPORTFOLIOHOLDINGS S664.165 Transaction Detail MONEY FUND ACTIVITY DATE IA.YDAY naystcnon DESCRPT3II 06/01F05 OPENINGBALANCE SWB0UCUSP But Sun SODSIMS tre likettah C01.11 loam avows. P." not 11201.3859 EPSTEIN INTERESTS STATEMENT 011/000 tuna 1.2006 INZOUGH illt/0 50. 2005 4ccouNT MISER 1/JCPAYER Houten On Fie LAST sTATThreiT /My 31.2005 WRAP P031 NW MOW CE2C0 MOUNT 662.20746 06101105 DIVIDEND DREYFUS CASH MANAGDAENT-CL A DICU 1.957.55 AmmunONAL Sans MONTHLY DNIOEND 02? 0TA11.03.10,42 001 Valav EFTA01320201 C) E I O m z J r STOOSEOCIN9- ANGS I8 IJ tJ IJ BEAR STMINS OFFICE SERVICING YOUR ACCOUNT Beat Steams & Co. Inc. 383 Madison Avenue efk 10179 5 cc s Transaction Detail (continued) MONEY FUND ACTIVITY (centinued) DATE LOWY 110.04041XIN DES0111111X1 06.01105 REINVEST SONOUCUSIP CCM CALM= TAROUGA ITS YAICALY VANED SAISOVAY ke Steens Drina Oa 0re Verged+ Ca TOM esids ich 112014860 EPSTEIN INTERESTS STATIPAIPX Vicuna June 1.2005 mactnrd June 30. 200S ACOCCINT WIRIER IMM TAXPAYER Atmlet On RIO WT STATERDIT May 31.2005 wenn Pc aim AMOUNT CREPT MOUNT DRETRZ CASH MANAGEMENT-CL A ceSMUTioNAL SHARES DIVO3D1D REINVEST 1,957.55 1.957.55 06/30/05 TOTAL CLOSINGBAtANCE 664,164.61 5-1S57.55 51.957.55 Your messages Bear Steams receives payments or other remuneration from the advisers, distritiutom or other of Bates of certain of the mutual funds available through Bear Steams. Such payments or remuneration are for administrative. techrkelogical or other services provided in connection with fund accounts and are gene/It calculated based on the amount of assets held in the accounts. Such payments or other remuneration are in addition to shareholder servicing and distribution fees that Bear Steams may receive. Funds whose affiliates do not make payments to Bear Stearns. Including funds that may pay a higher or lower return. may be available to you. ';STOPI FAS of Statement °xi 070106:1042 001 110311 EFTA01320202 0 -n C rn r 9TOOSEOCIND- ANGS IS b.) V.2 IJ 000 00 BEAR STEARNS OFECE SERVICE% YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New Perk. New Yoh 10179 GLEAM 114417001 ITS Ware ovONCO aa$tay w. Sleep SCOOP%) Co". OY weentoch Calk. We WSW" Nee Tait 11701.1419 EPSTEIN INTERESTS ACCOUNT EXECUTNE ZICHERMIKIRA TELEPHONE VISIT OUR VICOMTE mew. bearsteams.c0 m What's In This Statement Financial Summary 3 IIIIIIIIIIII lllll I1IIIIII.IIIIIII1111I,IIIIIIIIIIIIIIIIIIIII EPSTEIN INTERESTS STATEMPC KROO yknouan ACCOUNT MAW 709AYER PMA LAST sTAnnern Apil 30.2005 May 31. 2006 Oa Fle Apl 21. 2005 Your Portfolio Holdings 3 DTD 12/26/91 Transaction Detail 4 JEFFERY E EPSTEIN & MARK L Fund Activity 5 EPSTEIN & WILLIAM ELKUS IMES 457 MADISON AVENUE 4711 FLR NEW YORK NY 10022-6843 Your Portfolio at a Glance Market Value of Your Portfolio MEATY MAKES FUND BALANCE 662.207 Cala & t&unka $810.425 NET EOIATT TES PEAMO 5662.207 Current market olua INI IASI statermes market value NET EGON LAST STATEMENT 810.425 CHANGE SINCE LAST STATEMENT .14a218 las Neale roes on to nn "Ana weans pa ian Tot Ratan, nes NO anai tl Setursol awl no NV Scutt Ine Pete There are no 'Stop Loss orders or other pending buy or sell open orders on nle for your account. Neese moo any aNnenat o, instewet st chscle a Veda. Mc r4 a Athena N To, ant Sena* TA 03,4,144438: or ewe te Cart know at Sc .Swa-a Stern. Ca'. Ore Veresch Cent Nein. been" 30.3164 114 ;unwary 4 he IrfaITION01947.00aS OW a b c IterAACH a Mt tone TNT lemma 'Mdl 04 renned 411 year/ rape;. reornesidebr nsalalinNtwillat 027 C6101.03.09-03 001 van EFTA01320203 fewwww0 114etNew as weeCtLY Nate) Sul130w/Cf ow Stares Secerilae Cpl. Om Wrote, Crew Ion baler. New eat 11201.16.43 CIO'S EPSTEIN INTERESTS 0 z m C in z -H r LTOOSE00- 019- ANCIS 8 b.) IJ S IJ STATEMENT BACKER IS PRINTED ON THIS PAGE 027 CltuDI.t, )9 03 CC 11178 EFTA01320204 REARED 1)41000V et eft.u.,, Civet, Si leaD.ARY BEAR STEARNS OrTICE SERvICRoG YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Maclean Avenue New NO* Nes ',Cf. 10179 34s Cash Flow Analysis me atal00 Income Summary NIS PERKO rust TOME Opening Ba lance $0.00 DeidereS 1.781.58 6.432.03 Money Fund 151.781.58 Total 51 .781.58 56 432 03 Amount Credited 5151.781.58 0 Money Fund -1.781.58 Portfolio Composition z -n Funds Yilthdrawn Amount DetNted .150.000.00 3.151.781.58 CasNCesti EquhSem 662.207 Total $662.207 C in z Closing Balance Your Portfolio Holdings $0.00 r 8TOOSEOCIN9- ANGS CASH & CASH EQUIVALENTS W ES1WAD DESCRIPTOR! SYWIJWCUSP OUINRITY PRICE U VAL M TI LI RAWL HOWE YEW Ii DREYFUS CASH MANAGEhtr.- C. A DICOt 557 257 CA 1.0700 662.207 17,217 2.5999 MSTIMTONAt. SHARES EST. 30 DAY AvG VIEU) 2,s• . TOTAL CASH & CASH . 1662.207 $17,217 Oil Btu Sans Seedroes Ce.e. licaolent Cere. Abe Soden. Mrs Yet '1201-34159 EPSTEIN INTERESTS rotmerr. scrum Apra 30.2005 THROUGH Nay 31. 2006 ACCOUNT Hann t/SPAYLR Mini= On Fr LOT Sulturse Agri 29, 2005 Your Portfolio Allocation Cash 4 Eevya 100% Unineel wets dew ow Uwe* $'db eal Nein vow. Me SAW, >mann* seemed ion M adebte rune, .1.n/war porrole 0401054.03 001 tsla EFTA01320205 CLEMCD TenOvate ITS OANSIO SO WOW./ rn IS IJ IJ Is) 0 0 m C in r 6TOOSEOCIN9- ANGS BEAR STEARNS VICE SERYCNG YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Mackson Avenue 10179 4 of Your Portfolio Holdings (continued) EQUITIES Equities & Options Independent. third-pasty research on cense) oxnpanies covered by the Firm's research is avers of Bear Steams at no cost. Customers can access this research at www.bearsteams.com or can cal that a copy of this research be sent to them. ACC1 DESCIOPTION SYUIOLICUSIO nit COMM( PRIG[ to request MARKET ESTAILTIO CURRINe VALUE AAPia WOW tab IV BANPAIS SA-SPONSOREDADR BPIBY CASH REPSTG 6 SCR L SKS Total Equities& Options 20.000 myself SO SO TOTAL EQUITIES SO SO YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $17.217 YOUR PRICEDPORTFOLIOHOLDINGS 5662.207 Transaction Detail DEPOSITS AND WITHDRAWALS o.ut ITSICSACtIC•1 DCSCIMON OEM MOUNT 05131105 FND WIRED MDA4INIMMFNDSWIRED TO 150,000.00 iamoorsE EFias TOTAL SA50.000.00 CREDIT NAMPO 027 COD1t6:0903 COI Ott. Storrs Unrest CO, One 1AeroanIA Gear Nom agilely morass EPSTEIN INTERESTS STATEMEete PER:00 AM 30.2005 ynnouorr may 31.2006 ACCOueeT raNw UMIAK. Wax on Fie tar STATOMNI Apnl 29.2005 Ve711 EFTA01320206 BEAR STEARNS arra SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Arenue New York. New York 10179 5 s Transaction Detail (continued) MONEY FUND ACTIVITY DA TIUMSACION DCSCMIMON MEMO natourog VMOLLY OrmiD IMISOKRY Mar SWOT* COWRIES CO, CO Marcia& Coeur Meth ewer. Mar York 11201.3M9 EPSTEIN INTERESTS STATEMENT Kr243 Acri 30 2005 Tratoual May St. 2005 ACCOUNT NUM3ER TMCOMIR women On Bk ,AMT Wraillaper Imli 29. Hos SHAKOMs, a7N1T11Y PRCE Don MOAT Ca= MOW 04/3005 OPENINGIIMANCE 810,425.48 05/07/05 DIVIDEND DREYFUS CASH MANAGEMENT-0. A easmtmormi. SNARES DICE 1,781.58 MONTHLY DIVIDEND z -n 05/02/05 REINVEST DREYFUS CASH MANAGEMENT-CL A RISMUTEDIAL SHARES DIVOENO REINVEST DICOC 1.781.58 1,781.58 05/3105 SOW DREYFUS CASH MANAGEMENT-CL A DION 450,000 1.0000 150,000.00 C in 05131/05 RISmun7NAL SHARES CLOSINGBALANCE 662 207.06 z J TOTAL 5-1.781.58 5151 781.58 r OZOOSEOCIA/9-ANGS I8 IJ V.2 IJ IJ End C4 Ste tente nt 027 CMS1/06011:0 am EFTA01320207 CLAMS%) 11414,u0PI as 'acu,v OWNED SUSS-MOW to I8 IJ IJ -4 0 TZ m r TZOOSEOCIN9- ANGS BEAR STERNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Modisol Aroma Nev, Yryk vork 10179 INED tear San Sombea Oar OY WAYOleCh torn Myra l inen 11201.1859 EPSTEIN INTERESTS ACCOUNT EXECUTIVE ZICHERMAN.IRA TELEPHONE &INT OUR WNW( Twerctearstearm.com What's In This Statement Financial Summary 3 111111111111111.1111.1.11111,111111111111111111111.1.1111 EPSTEIN INTERESTS 113171nothaa PERIOD iltROUGH AtOprit Suttee, TPX, AYtit hilAnirR LAST STATErtn• Apt 1. 2005 talY3 29, 2305 01 Fl9 PASTA 31. 2005 Your Patolio Hcidings 3 DTD 12/26/91 Transaction Dalai 4 JEFFERY E EPSTEIN & MARK L Fund Activity 4 EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4111 FLR NEW YORK NY 10022-6843 Your Portfolio at a Glance Can S Ecuatem Market Value of Your Portfolio 5810.425 MONEY MARKET FUND BALANCE 810,425 SEI08.681 KT EQUITY THIS PERIOD $810.425 Curran market value El Last statements market val. NET FONT LAST STATEMENT 808.681 CHANGE SINCE LAST STATEMENT 1.744 — rebels Groner ~re urn. NI nr ra ntechhd r Int as are Cl Swann ana Ira art tam Th. Nola There are no 'Stop loss' orders or other pending buy or sell open orders on file for your account. %4 lox stye of area aarra, very< ha entre ha yr ha Cahn Serve et ir a.. la Cur Serra at Err Warr Secures On. hoar. Cern Nona boxy\ VY vita -NW Tr wary le hot Men* wpm, on1. t n ftx Waited al • 1sa Cramer mtagent incht0 be fl it., trX you meth Se. rano Net , •- panal elOrrhintri CO? 04/30.05.1114 001 Vel EFTA01320208 ri cunt, MROLCH a3 waCt2v Cm3.0.0 sUILSIVANY Oar. Stuns Secuitas Cap. Cr* Wintect. Cam Path awe" Paw art 11201-3359 EPSTEIN INTERESTS 2 0 C in z -H r ZZOOSEOCIN9- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 021 pg00/:111s CT V/07 EFTA01320209 BUM STURNS OFFEE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue l ialijork 10179 3 e. Cash Flow Analysis 61070 Income Summary THIS PERIO0 VOA 10 DAR Opening Ela lance 80.00 DividendS 1344.18 4.660.45 Money Fund 1.744.18 Total S1344.18 84.850.45 Amount Credited $1,744.18 z -n Money krid Amount Debited ClosingEtatence -1,714.18 S-1.744.18 80.00 Portfolio Composition Catalan Whitt Total 810.425 $810.425 C in z J r EZOOSEOCIA19- ANGS I8 b.) b.) IJ Your Portfolio Holdings CASH & CASH EQUIVALENTS DISCRIMA SOISCL tsv DREYFUS CASH MANAGEMENTCL A MX% INSTITUTIONAL SHARES EST 30 DAY AVG YIELD 2.6900% TOTAL CASH & CASH EQUIVALENTS WOO ESTISMOD WOW 0.LUAry POCC MIN AMA L warn nap nO 810.425.48 1.0000 810.425 20.261 2.5030 $810,425 520.261 all 0400106:1124 CO1 CLUittO 11.1tOtAn rT$ ronnu.r MOOD lioSSOVRY Inn tiers Secultes COS. Cos Evian Con lannn assar 1l201.3µ9 EPSTEIN INTERESTS moose ita03 koril t 2[05 twtouan Apra 29.2006 ACO,./a NVI/SER TAxPAYER rata On nit LAST STATEUEST mace 31.2005 Your Portfolio Allocation Cash L Equrialp 100% litre Oibeatr tobt Utanu• ine,a edit* nn.• n.abutun ;nun. • dr.. , lw• Ne aptaiolAs mina! An *you Do1bC EFTA01320210 ctuato novae.' ITS vacua, GAMED AMON! V 0 -n C in r VZOOSEOCIA19- ANGS BEAR STEARNS ONCE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Accrue New Yak. Nem 10179 4 as Your Portfolio Holdings (continued) EQUITIES Equities & Options Independent. third-party research on certain companies covered by the Finn's research is avai r rs of Bear Stearns at no cost. Customers can access this research at wwn.bearsteams.corn or can call to request that a copy of thiS research be sent to them. INSCRPIXIN BANDA'S SA-SPONSOREDADR BABY CASH 20.000 Unniceel REP= 6 SER ISHS Total Equities& Options lAUMET EST7.0110 CURRO0 Sla:VOISIP ran OUAV1M PRICE vklil wean. want( MD ne 50 SO TOTAL EQUITIES 50 SO YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME 520.261 YOUR PRICEDPORTFOLIOHOWINGS $810,425 Transaction Detail MONEY FUND ACTIVITY as WOO TRAMIALTted allitintot SYMICl/CUSP amino sect 04/01105 04/01/05 DN1DEND OPENINGBALANCE DREYFUS CASH MANAGEMENT CL A INSTITuTONAt SHARES MONTHLY ONDEND 01W 808.681.30 Bey. Stars Sachem Corp. Ore Meow" Comer tin aeser, Nat Tot 11201.3153 EPSTEIN INTERESTS STATImag7 1:10iO3 An 1.2005 04A0.104 A01 29.2005 Accotter Nowflft YMPANIR 'until On Fit UST STATtUtNT Parch 31.2005 OMIT /NOM OW MAWR 1,744.15 027 01/300111.24 031 VOY7 EFTA01320211 -n C in r SZOOSEOCIA19- ANGS I8 b.) V.) IJ BEAR STEARNS (VOCE SERvCIM YOUR ACCOUNT Bean Steams & Co. Inc. 383 macison Avenue 10179 5 of 5 Transaction Detail (continued) MONEY FUND ACTIVITY (continued) DATE 1030AY TWAIACTION OESCRPHOR 04/01705 REINVEST DREYTUS CASH IAANAGEMENT-CL A MSDIUTIONAL SNARES DNMEND REINVEST roanouoAr DICOC CLEARED TIMPOLCH ITS WHOLLY MAID SLILVRORY Sew Saws SHARE= Cap. One %WM° One Nag 11201.2149 EPSTEIN INTERESTS rammed mow Am 1.2005 HARCOCIA AO 29.2005 ACCOUR7 MAIM a TAXPAYER Wag On Ma uric ;chimer March 31. 2005 MUM! MCI OEa, AsCuir CROST asOUrci 1,744.18 1,744.18 04/29105 CLOSINGBALANCE 810.425.48 TOTAL 5.1.744.18 51.744.18 STOPS End of Statement 027 04,3005 24 Xi, y$7, EFTA01320212 6O al0 1141101.04 rrs WI•CtLY PAW) $1061)0I0 0 -n C in r 9Z00SE00- O19- ANGS BEAR STEARNS OMCE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue Now York. Now York 10179 ACCOUNT ExECUTNE ZICHERMAN.IRA TELEPHONE ■ VISIT OUR MERSIN www.tearstearns.corn What's In This Statement Financial Summary 3 Tour Portfolio Holdings 3 Transaction Detail 4 Fund Activity 6 Your Messages Your Portfolio at a Glance MONEY MONET NOW BALANCE 808.681 Casn & ERAS% NV Kan NC KAROO $808.681 NET EQUITY LAST STATEMENT 832.238 CRAWL SERGE LAST STATEMENT -23.557 111•• weals weban emery!, anal.< matt a• efeaso • no Taw Vow Soculles /*WEN" /V Pro) There are no 'Stop Loss' orders or other pendisg buy sea open orders on file for your account. ruse rya', ry Ohmv rs wove, a ov.:33 v as.c13. releafed a•Ivowe e irtea IC Girt Isme...t4 n 111:0436, 423 ix mute n OW &MY% ag neat Swans Sournes Co',.. Or Mon.1.0. OrW sent One*" 2014650 ...IIIIiiill ..... EPSTEIN INTERESTS DID 12/26/91 JEFFERY E EPSTEIN & MARK L • EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FIR NEW YORK NY 10022.6843 Market Value of Your Portfolio Wlara inadtel value IN UM Newnan's Menet yaks SW6.681 3832.238 Si Ns tns as O. oinonnbat (IPMn n • no worotoll1111111 0ClunrC Tis ratenteR wait be noun IV to. mot See Moen* skis so. inpaun 027 Omni 0500 49 0)1 new Scent Swine/ 070 Ole Minoan Genet Pa, 1120101159 EPSTEIN INTERESTS srAnmor 033000 MVO 1.2005 1)*:00314 Wirth 31. 2005 ACCOORT 1.1.1WER TnxPArEn want On F1.3 LAST smeyeer retnari ae. 2005 1576 EFTA01320213 CALAR80 imat:“.4 'mare M.4-0 SUBS0LARy Bear. Yearns Stoats Co.. Crx Mfirteta, Cow Not aja M 11201.3859 EPSTEIN INTERESTS 2 d6 -n z C in z r LZOOSEOCIND- ANGS 8 IJ IJ IJ STATEMENT BACKER IS PRINTED ON THIS PAGE 027 08.01/06,38.49 001 14316 EFTA01320214 rn 8 IJ ,..) IJ O IJ BEAR STEARNS OFFICE SERVICNG YOUR ACCOUM Bear. Steams a Co. Inc. 383 Madison Avenue Y k Nay/York 10179 3 at Cash Flow Analysis Nd PtRIO0 Income Summary THIS PERM MP 10 WI Opening Ba lance 30.00 Dividerds 1,443.37 2.936.27 Money Fend 26.44137 Total $1,443.37 92,906.27 Amount Credited 326.443.37 Money Fund -1,443.37 Portfolio Composition z -n Furxls Wiltxtean Amount Debited .26000.00 S-26.443.37 Cash/Cash Ecasvalent 808.681 Total 3808,681 C in z Closing Balance Your Portfolio Holdings 10.00 r SZOOSEOCIN9- ANGS CASH & CASH EQUIVALENTS 1.03141 CSI1WAIID CURREM DIISCRIMIN S.1.11101.1:USIP COMM PRO YAWL MOON. PeXei VELD 0.> DREYFUS CASH MANAGEMENT-CL A DICfl 608.681.30 1.0000 808.681 16,982 2.1000 INSITrull3NAL SmRES EST. 30 DAY AVG YEW 2,6700% TOTAL CASH & CASH EQUIVALENTS 5808.681 $16.982 021 0417105.0349 005 awl) THROW., ITS 'Mal CAVACO St.OSCARY kw. Stein SIMON. Co. Cr. I1 4( Gene( rani . Nava IV% /1201.2359 EPSTEIN MITERESTS STATVSC PFROO March 1. 20D6 THROUGH wren 31. 2005 ACCOUNT Nal TWAYGR µNOM On Fre LAST STAT.:MDR FWis 2& 2005 Your Portfolio Allocation Cash a Taxman.- 103% Utahlded mien ANNA at* taina trcitv sysi HAIM via area Hrownio• <Ansa fro* A* *Wats KIM vain c vow PilltS0 EFTA01320215 0 TZ L I 5 m r 6ZOOSEOCIN9- ANGS BEAR STEARNS corms surviCANG YOUR ACCOUNT Bear, Steams & Co. Ix. 303 Madison Avenue 10,79 6 Your Portfolio Holdings (continued) EQUMES Equities & Options Independent. third-party research on certain companies covered by the Film's research is available to customers of Bear Stearns at no cost. Customers can access this research at www.bearsteams.com or can cal (800) 517-2327 to request that a copy of this research be sent to them. ACCI .""vAILE " ES AM TZE" taT" RETCRPT IX; SOASCU CUSIP WARM PREC BAWAIS SA-SPONSOREDADR MEN CASH 20.000 Unpacea REPSTG 6 SER L SHS Total Equities& Opticos 50 50 TOTAL EQUITIES SO so YOUR POR1FOLIOHOLDINGSESTIMATED ANNUAL INCOME $16.982 YOUR PRICED PORTFOLIOHOLDINGS $808.681 Transaction Detail DEPOSITS AND WITHDRAWALS OATS 0328105 END WIRED MDAAMWSENDS WIRED TO TOPPRUCIICII CLICSEMOS OM AMC OR =if MOUNT 25,000.00 TOTAL 5-25.000.03 on CLEARED 111.24-C11 ITS —& OATES HASIVARY Ur. Suers SAMPIAT Coy Cne MaRiscrt Cpreer RTE Ot Nat Vire 11201.3100 EPSTEIN INTERESTS STATELTETIT Pram> MIMI, 1.200S 111110v0H march 31.2005 ACCOuNT KAISER tests TAXPAYER MAHER On File LAST rAmayer cetsuary 28.2COS 001/110001349 031 TOM EFTA01320216 rn IS IJ V.) IJ 11,./ IJ -n C in r 0£005£00-O19-ANGS BEAR STEARNS OFTICE SERVICING YOUR ACCOUNT Beat. Steams & Co. Inc. 383 Madison Avenue Nevi Yo t, Nen • 10179 5 of Transaction Detail (continued) STATVAIRC PO OD March 1.2035 nacuom March 31.2005 ACCOLPCT MAW TAXPAYER RAWER On Fl. MONEY FUND ACTIVITY OUE war muoSACI1ON COCCOMH SYNSOUCUSP RUMMY PIECE LAST Burner Mart m•Ouro February 28.2005 CREPT AMMO 03/01105 OPENINOISALANCE 832,237.93 03/0105 DIVIDEND 03.01/05 REINVEST DREYFUS CASH MANAGEMENT-CL A MSTMMONAL SNARES MONTHLY OtIVENO DREYFUS CASH MANAGEMENT-CL A DIME( 1,443.37 1,443.37 1,443.37 03/28105 SOLD MSTITEMONN. SNARES DIVIDEND REPNEST DREYFUS CASH MANAGEMENT-CL A MAX -25,000 1.0000 25.000.00 03/31/05 MSEFIVTIONAL SHARES CLOSINGBALANCE 808,881.30 TOTAL $-1,443.37 526.443.37 REARED THROues ni WOLIN &RC MAPRICAARY Seat Slams Swabs Cap. DY itercesch GAN WI, lAlviterk 11201.3859 EPSTEIN INTERESTS 031 04/01.0392•49 ER1 YAM EFTA01320217 m cim H r TEOOSEOCINDANGS BEAR STEARNS WIC( SERVICING YOUR ACCOUNF Bear. Steams & Co. Inc. 383 Madison Avenue ak 10179 Your messages tVr /Th STOP Bear, Stearns Securities Corp. Net Capital and Net Capital Requirements: At November 30. 2004 and January 31. 2005. the Companys net capital of approximately S3.8 billion and S3.8 billion was approximately 6.4% and 6.3% of aggregate debit items and exceeded the minimum regulatory net capital requierrtent of approximately S1.2 billion and $1.2 billion by approximately 52.6 billion and 42.6 billion, all respectively. A complete copy of the Bear. Steams Securities Corp. Statement of Financial Condition is available on the web site vmur.bearsteams.com. Alterratively, to request a free printed copy please call - toll free 1-866-299.9331. End or Statemen 027 000U0S 00 if COI O1.67.111O THROW+. r12 ITATTUT OvRIE0 SUSSOVAT Its Skims Saba Co, Oft 11477077.h C.t( Ate Its York 11201.1059 EPSTEIN INTERESTS STAIThVIT PERM MVO 1.2005 THROUGH Moth 31, 2006 ACCOsa MIM4R TOOMNIM IOW CM Re LAST STATES/OTT TION•7 28.2005 EFTA01320218 rn IS IJ IJ IJ IJ 0 m m r ZEOOSE00- 019- ANGS BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearn!, 8 Co. Inc. 383 Madison Avenue New York, New Yolk 10179 ACO:UNT MONK BGHEPJAAN.IRA TELEPHONE VISIT OUR WEBSITE wentbearsteams.can What's In This Statement Financial Summary 3 Your PadOho Holdings 3 Transaction Detail 4 Fund Activity 4 Your Portfolio at a Glance MONEY MARKET From BALANCE 832,238 Cash 4 EquiWent NIT Soave THM poem 5832.238 NET EQUITY LAST STATEMENT CHANGE SINCE LAST STATEMENT per.tia lab/ an or nen Leal alga* own M. aolod n OA *la /4* a 1IYIM M IV NV Up./ TN* Pber4 830.775 1.463 There are no *Stop Loss orders a other pending buy a sell open orders on Ale for your account. Mee "pal • y arnvo r xeror 0 two, or IS receded N otta 1.0u Clort Spoke. a t004.46142S. or wee o> Cleft Nevus 0 50. Nan Norte Can. Orb rowed, erne Nan. an" X .34 rrrlIllIluIllllmdllrr1111I1rJrilelbldrllllllllldnlnllI EPSTEIN INTERESTS OTD 12/26/91 JEFFERY E EPSTEIN & MARK L • EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022-6843 Market Value of Your Portfolio $132 238 3810.775 DAMN market value MS Liat 3tblenlertS market vales MIAs= THROWN RS WorMAY 0010) SASSINARY Bear. Stays Sens cot. Ore MNTaN CANON IlterA 1120141S9 EPSTEIN INTERESTS STATEMENT PEP= Fel:nary 1.2005 reerocon Forwurry 28.2005 AM'. NT %AWN TAXPAYITt Mali On rat. tar STATZWC NT Jaguar, 31.2005 rag 11b snowy le lie etriASIAIN Pommel COy. ?tat aa Alain PODOWt 1lb sueereen ,It be weiweret you recta% Soo mom at Sir rrcontre istcerabort 027 010105.1i 09 001 vs72 EFTA01320219 CWflO 9410i):11, rTS 910, AY Cµ10 9:93iDwir Dear. Sien Sivu Cap One 1.1enlerai Cow PI01 T ae 1120/4959 EPSTEIN INTERESTS 2 a, : zz-n C in z -H r E£00SEOCIND- ANGS 8 IJ IJ Is) IJ STATEMENT BACKER IS PRINTED ON THIS PAGE 03/ 01010911 09 001 V72 EFTA01320220 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Roar. Steams & Co. Inc. 383 Madison Averce New Yak. Net: 10119 3 co 5 Cash Flow Analysis nes Pa to Income Summary T)43 PIRIOD Y2.83 TO Nit Opening Balance 40.00 Diddends 1,462.90 1.462.90 Money fund 1.482.90 Total 51.462.90 51 462.90 Amount Credited $1,462.90 0 z -n Money Fund Amount Debited Closing Balance .1.482.90 11.462.90 10.00 Portfolio Composition Cash/Cash Equtraiem Total 832.238 $832,238 C in z J r PEOOSEOCIA19- ANGS Your Portfolio Holdings CASH & CASH EQUIVALENTS coons auecucuts DREYFUS CASH MANAGEMENTCL A ECU INSTITUT/3NX. SHARES EST. 30 GAY AVG YIELD 2,3400% TOTAL CASH & CASH EQUIVALENTS OJA/11113 141PICCI 83111MIED OARDIT MCI WWI AM ML MOW MD It 832.237.93 1.0000 832.238 17,477 2.1000 5832.238 517.477 027 03/01.05:1103 CO1 =ARID rwROuGH 05 wictIv 08140 803808per Dn. 31nrns Scanter1 Cob 0? Wrote° Ceres Pot, Wcoop• New en EPSTEIN INTERESTS STATTIOWT PC1000 rebury 1. 2005 mIt0v01. Febnory 28. 2006 At00.*17 moiteri 18,08weffit •cmor8 Co Tile µ5T 878TE1IC•47 amen 31.2005 Your Portfolio Allocation Cash & 2118881888, 100% IN:an amt 40,0 Sla-co etyl MOW! .1.••• 7, 0 UOrAzol poceear • Orvid fr.. Pe stsoll• man nap of 'ear po,Ww: 0372 EFTA01320221 -n C rn r SEOOSEOCIN9- ANGS BEAR STEARNS VICE SERVICING YOUR ACCOUNT Bea, Stearns & Co. Inc. 383 Maarten Avenue ork 10179 4 et Your Portfolio Holdings (Continued) EQUITIES Equities & Options Independent. third-party research on certain companies covered by the Firm's research is ay • rs of Bear Stearns at no Cos. Customers can access this research at wrny.tietaStiltamS.COm or can call to request that a copy of this research be sent to them. DESCEST1311 BANPAIS SA-SPONSOREDADR REPSTC 6 SER I. SKS Total Equities& Options TOTAL EQUITIES STIOSCARI1SP BPIBY ACV TYPE CASH Cuunin Kea 20,000 Unpte0 warn %EWE $0 ESIMAIED CLIMAX 0.011;A: MORE MID MO SO so SO YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME YOUR PRICED PORTFOLIO HOLDINGS 517.477 $832.238 Transaction Detail MONEY FUND ACTIVITY DATE vow TieNSAMtle 02/01/05 coOdeneiti stilletARM OPENINGBAIANCE aumany 830.775.03 CLUJ= 17.0060.4 %ROUX ORRIS SOTISORRY Ent Shirrs Secullet CUD. &. Worottai Cener NORA mittt 20 3959 EPSTEIN INTERESTS STATRAEKT PURIC. TSARS 1.2005 netorai retnavy 28. 2005 AO:Ols17 ALARM* TAXPAYER MAW On the LAST STATESENT knotty 31. 2005 Pea car mow MOM IS 0201/05 DIVIDEND DREYFUS CASH PMNAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY INMEND DIC)3( 1,482.90 027 010145110S COI V1172 EFTA01320222 ril 8 IJ V.) IJ 00 C)0 -n C rn r 9£00SEOCIN9- ANGS OFFICE SERVICING YOUR ACCOUNT BC/ Bear. Stearns & Venuenc. 183 Madison A STMRNS New York New bout 10179 MOD $ wa Transaction Detail (continued) MONEY FUND ACTIVITY (continued) DATE wODAT 114/113ACIOI CESOSIPTOI 02101/0S REINVEST SSOLCUS. DIEU CLEARED 1,E10101 ITS SLLY OAS SUSSCAARY as. errs Sstes Cro ASS Cs OS assert 112014859 EPSTEIN INTERESTS STATIST ISO February 1.2006 ymnouom Minas 2a. 2005 ACCOUNT WS TAIS2.4 SODA On Fie LAST STATERS-21T Janus/ 31. 2005 O12.ualif Of 3a Dun now CREDO AliOUNI DREYFUS CASH MANAGEMENT-CL A INSTULMNAL SHARES DIVOEND REINVEST 1,462.90 1.462.90 02/28/05 TOTAL il ::siNG8ALANCE 832 237.93 S-1.462.90 $1,462.90 STOP End of State- O27 03.01/011:1100 031 28/2 EFTA01320223 TE1 IS IJ IJ IJ IJ 0 m C in r LEOOSEOCIN9- ANGS BEAR STEARNS OFFICE SERVICISG YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madsen Avenue New Yon, New York 10179 ACCOUNT EXECUTE'S ZICHERMANARA TELEPHONE ■ VISff OUR WEBSITE www.bearsteams.ccen What's In This Statement Financial Summary 3 You Portfolio Holdings 3 Transaction Detail 4 Fund Activity 4 Your Portfolio at a Glance MONEY MARKET FUND BALANCE 830.775 'I& EcHIS 11ET EQUITY TM PERIOD 5830.775 NET MUM UST STATEMENT 829.424 CHANGE SINCE LAST STATEMENT 1,351 .yrk r.wrov Mat On te la. ono, meets OM a a Weal Atte a Vame a Sono an /V Not foot On Suet. There are no 'Stop Loss' orders or other periling buy or sell open orders on file for your account. P . son or ~no tt sceeentx N Oen iv nett Mated as *Mond b sat in Pet Sates N tomamme. cr Tett e On Sera Mr Son Steno Cap. Oro Menton Cane Na*. OnOtn. MY ,N014.61 I EPSTEIN INTERESTS DID 12/26/91 JEFFERY E EPSTEIN & MARK I. ' EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022-6843 Market Value of Your Portfolio -S1111111111111M111S Current market wax Last slatemerts market value $830.775 $829.424 CLEME0 110241121 nu. DAMP SUOSIOW1Y W. Lan $902111e, CO, Ono Made:Pi Cons north Nes Yet 11201.1139 EPSTEIN INTERESTS STATEMENT •ORNO laeuary 1.7005 THROJCO January 31,200$ Account unmet a ?ASSAYER MOSER On 1k LAST STATENETZT OnCemnr 31.2004 Slec TOE ornery is to inemultal 0apieel Sty. II ie rid !ceded 22 a tax dorm; 7111 metes: Otald te remnant ma nowee me mini Nn to. Procetarl rdet1,102e. 027 0W1060755 001 2170 EFTA01320224 CLEARED 11.10U01. ...HOLLY OM 1411603CARI kat. Sant Swats 0.70. On Mato* en *NM Orcoictin. /as Yen 112014650 SIM EPSTEIN INTERESTS 2 5, 5 0 C in z r 8£005£00- O19- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0V0ICkS.07 SS 001 VII/0 EFTA01320225 CLINREO 1141003N TES KNOW 0.51.0) IPAISIOTARY BEAR STEARNS OFFICE SERVICaNG YOUR ACCOUNT Bear. Steams & Co. Inc. 3B3 Mackson Avenue New York. New 1/2r 10179 Sair. Stearn Socuitin Cos IMITatsce. Crow Nat Breolfp. New 054 11201465f EPSTEIN INTERESTS 3 05 STATEMENT PERT:0 AMY) 1.2005 THROUGH AeraW7 31. 2005 Cash Flow Analysis Portfolio Composition A0Xten *AIM TAWNIER TEUNKR CT1 This PERM Casntasti EquNalem 830.775 tar SIATZWINT DerAmbe 31.2004 Opening Balance 30.00 Total 5830.775 Money Fuld 1.351.01 Amount Credited 51.351.01 0 Money hod -1.351.01 z -n Amount Debited Closing Balance $-1,351.01 50.00 C in z J Your Portfolio Holdings CASH & CASH EQUIVALENTS Your Portfolio DESCRITION SYINICOCUSIE OUARTIN MOM, MCI VALUE [SWUM Mintla %Ca* CURRENT eELD et) Allocation DREYFUS CASH MANAGEMENT-C1 A DO= 830.77503 1.0000 830.775 16.616 2.0001 r NSTTIIMONAL SNARES EST. 30 DAY AVG MD 2.l 700% TOTAL CASH & CASH EQUIVALENTS S830775 516.616 6£005£00- O19- ANGS 02? 02000507 55 001 Cash & EQJTECCeni- 1130% unthnio tenon clinco owe beta. weir POI Iva* viRis Ths —So, »"gip. IA *Wet fcat N absGbiai sate  w ecntio EFTA01320226 rn IS IJ C.) 1.0 1.4 IJ -n C in r 017005£OO- O19- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue lial ikolc 10179 Ors Your Portfolio Holdings (continued) EQUITIES Equities & Options Independent. third-party research on certsin companies covered by the FirmS research iS av rs of Sear Steams at no cost, Customers can access this research at Yn•ar.bearsteams.com or can ca to request that a copy et this research be sent to them. ACCT VARNEI CSIDIAn.0 CURRENT DISCSIATICol SYWOOL/CUS• Cr1E toxin egICE YALU( AW.AL MOW vat, 013 BANPAIS SA•SPONSOR£DADR RMBY CASH 20.020 Unpriced REPSIG 6 SCR L SRS Total Equities& Options SO SO TOTAL EQUITIES SO SO YOUR PORTFOLIONOLDI NGSESTI MATE CI ANNUAL INCOME 516.616 YOUR PRICED PORTFOLIOHOLDINGS 5830.775 Transaction Detail MONEY FUND ACTIVITY an MOAT TRAMSACOCW 01/01105 OCCRYIEDI 2.1100.001.5. OPENINGBAUNCE 829,42442 Walt netaxm Rs woos( CoVNE0 St...9.O4We Bow — Sorbet CO,. ens Wooaco Coon kali ea P1 111014850 EPSTEIN INTERESTS STAZVE.T oGo$00 )orts; 1.2005 nOlOuCei )an r1 31.200S •COOotiT MSJUA lllllllllllllllllllllllQ TrxeMilt ?AMER Co rile LAST tronalter Twenty 31.2OO4 Oumarrr PItL OM MOW COSCIT MOM 01/03/05 REINVEST DREYFUS CASH MANAGEMENT43. A INSTRUTIONAL SNARES ONDEND RESNEST 1351.01 1.351.01 027 0201/03.0133 001 V$10 EFTA01320227 0.E.A.RED 11elbutai as %IOUs' OvesIO Sunt:oure rn 8 IJ V.) 1.0 1.4 U.) 0 -n C in r TPOOSEOCIN9- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Dew. &earns & Co. Inc. 383 Madison Avenue New Y New York 10179 5 e s Transaction Detail (continued) MONEY FUND ACTSATY (continued) OA1S MOST TWISACTON OlSe.+104 01/03/05 DIVIDEND DREYFUS CASH MANAGEMENT-CI A DICXX 1,351.01 INSTIMONAI SNARES MAT INCLUDED N 2004 1099 SYN.31.0.5. tow Yens Saari*. Ca,. 0Y Marton C— Sat ettothn. Isis. Yak 11201.3159 EPSTEIN INTERESTS esssearer PellO0 Janawy 1.2055 esaCtKus lamely 31, 2005 ACCOUNT %WIER w ren,* totem On Ile LA ST STATDAINT Denny. 31.2004 OLIANITTY nett of MOM OWN ANOINT 01/31/05 CLOSINGBALANCE 830.775.03 TOTAL 5-1.351.01 31.351.01 STOP End of Statement Orl 050140507,55 COI vim EFTA01320228