Statements

Statements EFTA00196458 CLEARED IHRWOH ITS LIKELY 04nE0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. New York 10179 ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE wenv.bearstearns.com FINANCIAL TRUST CO INC ATT F.I. CLEARING SERVICES 1 METROTECH CENTER N C/O OFFICE Repurchase and Reverse Repurchase Transactions with Bear, Stearns& Co. Inc. outstanding as of date of statement PUCIO4ASE: AEFISICHASE PRICING PURCHASE PRICE; ACCRUED REPO OUAN1179 START DATE DATE RATE PR1NCPAL MEREST* (FACE AMOUNT) CUSP DESCRIPTION BOIL Szeaum S0Pethel COP. Ore Mevolech Centre North &carton. New VC* 11201.3859 FINANCIAL TRUST CO INC STATEMENT PERM OCICter 1.2004 THROUGH Octoter 29.2004 ACCOUNT NUMBER TAXPAYER MAGER 011 FIk LAST STATEMENT September 30.2004 YOU PROVIDED (MARGIN) 04105'04 OPEN 0.000 -100.000.000 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 FEDERAL HOME LOAN MTG CORP SERIES