Statements

Statements CONFIDENTIAL SDNYGM,351769 EFTA_0032J461 EFTA01260699 rn 8 b.) Is/ t Is) O -n C in r OLLTSEOCIA19- ANGS BEAR STEARNS orricz SERVICIVG YOUR Bear. Steams & Co Inc riiret FINANCIAL TRUST COMPANY INC CIO AMERICAN YACHT HARBOR ST THOMAS VI CO802-1348 0.DRED EMAOUOM ITS WHOLLY CIAKO SLASI.IANY /Mw Ytrt 11201.3419 FINANCIAL TRUST COMPANY INC STATEMENT Pomp December I. 2005 THROWS,. December 30.2005 COOLMT WISER TAXPAYER WAILER On Re LAST 'TAMAR Noverrter 30. 2035 Pursuant to your previously issued insInxtions. Bear Stearns Securities Cap, provides duplicate monthly statements and/or transaction confirmations to the third parties listed on the cover page of this statement. If you wish to modify or cease distribution to any of the recipients indicated. please contact your Account Executive. This reminder notice will continue to be provided to you on your guartaty statements. Third Party 1 EPSTEIN A CO 457 MADISON AVE 4Th FLOOR NEW YORK NY 10022 027 I vrins,o•co WI EFTA01260700 z m C in z r ILLTS£00- 019- ANGS I8 IpJ t 0' IJ BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams 6 Co. Inc. Nov/telt Now Teak 10179 ACCOUNT EACuTHE DENERMANARA TELEPHONE HSU OUR HUSSITE wmv.hearsteams.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 6 Fund Activity 6 Your Messages IIItIrIllt 1llLlla.RtlrltollnllulIIIInlll FINANCIAL TRUST COMPANY INC CIO AMERICAN YACHT HARBOR ST THOMAS V1 00802.1348 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL YAUJE or SECURITIES THIS PERIOD 37.445.002 MONEY MARKET RAM BALANCE 9.438.024 Cells& Enthalara NET ECIUDY IRIS PERIOD $46.883.026 NET EQUITY LAST STATEMENT 52.688.200 CHANGE SINCE LAST STATEMENT -5.805.174 There are no Stop Loss orders or other pending buy a sell open orders on file (or your account. 59.418 014 515.334.419 Erpites — $37.445002 $37.353.781 Nan won my ...44,e0” cneen cia., sano.n reanns ea 442.•• • •0: 92.. MN Currant market %a/c MIISR SUIDETWES man.. value MIMEO tnRCoan Ts 9640U.T 097.ED SLESIODAY Ilea . Sven tµ1 Ton 11201.3559 FINANCIAL TRUST COMPANY INC STATETE7.7 PER192, December 1.2005 mamma Defame.. 30.2005 AGOO.? IATEIER Tup/ATA PARER On Pie Lay 574-rurra november 30.2005 II any Sormation regarding 2005 interest. *tends. macellaneous InCelne. gross proceeds a signal issue discount is reuired to be reported to the IRS for tha account. a Consolidated Form 1099wi1 be mailed to you by January 31.20360( a 10425 by maw, 15.2006. stc nit tunny in Ite rfeensioren poosos Ils M Ren070 'alm Cearret. DR gatemen sinDie to rettned To you' nter0S. Set Melt Pet M Intaltal sherancn. 027 1291.05 COTO 001 van EFTA01260701 CLL4Ar0 -1w<79:77 77/1 2040uX Own= ...CIARV MPIPIPPMIL, maim FINANCIAL TRUST COMPANY INC z m cim z H r ZLLTSEOCINDANGS 8 b.) a L Ip J STATEMENT BACKER IS PRINTED ON THIS PAGE 027 1213106:00 CO CO1 VS99 EFTA01260702 to IJ IpJ BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Ben Stearns a . Inc. N wYY N w York 10179 3 rc Cash Flow Analysis Re Klee Income Summary MISSERUM Ma MOATS Opening &liana 60.00 Di:Wends 101605.54 2.657.200.46 Cron Balance Inc 0.00 2.395.40 Woes Fuld 12.039.769.94 Funds Deposited 6.000.000.00 Total 6103.605.54 52.659.595.86 0 Ciyidendsfintemst Amount Credited 63.835.60 518,103,605.54 Fenian Tax Withheld Margin nt. Paid 0.00 0.00 .2.227.67 -40,999.17 -n 4.103.606.54 -12.000.000.00 Portfolio Composition Money Fund Funds Wilhdrami C Amount Debited S-18.103.605.54 Cash/Cash Esiukekm 9.438.024 in Closing Balance $0.00 Equities 37.445.002 Total 546 883 026 r ELLTS£00-019-ANGS 021 2.310509C0 MEOW THROWN ITS WOW( OWNED SVSSOARY i s.Jew Yen 11201.1/40 FINANCIAL TRUST COMPANY INC surcono PEF400 Detente 1.2035 TITICUON OCCernber 30.2005 ACCOUNT %MOM TAXPAYER Meer" On MO LAST STATENINT NoWITOCS 30.2005 Your Portfolio Allocation COMI & EntlYNetC 21% o • Equnies 79% uwwws Tenn None <INN Datfle WO., thy. nth% willon. 1^.• aCato. ponafitace • On., in, snalao n.< 0. rsu ..cnIsso 199 EFTA01260703 -n C in r PLLTS£00- 019- ANGS IS IJ t IJ OFFICE SERVICNG YOUR ACOOUN, BEAR STEARNS Mbar 1°.79 4 ce t Your Portfolio Holdings CASH 8 CASH EQUIVALENTS DESCRIPTIEN SMICOMS0 DREYFUS CASH MANAGEMENT-Ct. A DCA ITISTFTLMOWLL SNARES EST. 30 DAY AVG YIELD 4.1100% TOTAL CASH & CASH EQUIVALENTS CUANIITT 9.438.024.33 MAIM COMM CURRENT ORM YAM MIMS NOON( YRIIIM 1.0000 9,438.024 358.645 3.8000 59.438.024 5358.845 EQUMES CLEARED MOV3H wrair MoTZ0 IIMSOTTR7 ut 221 3.14 FINANCIAL TRUST COMPANY INC STAMM, PIRTOD DiMnbel 1.2005 TPROMT Doperter 30.2005 ACCOUNT 'TOMER TAMPER MAW On rind LAST STATENTERT PkNernbet 30, 2005 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 — Underperform. The second rating represents the rating of the coverage universe relative to the regional Coady market index. The key for the sector rating is as follows: MO = Market Overweight; MW — Market Weight MU e Market Underweight. In cases where a BSC rating is present the name of an independent. third-party research provides and their rating may also be displayed. where such research is available. The various providers have normalized their ratings systems as follows: B — 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 or opinion expressed by any independent. thid-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not evadable due to legal reasons. Independent. third-party research o ' covered by the Firm's research is available to customers of Bear Stearns at no cost. Customers can access this research at www.bearsteams.com or can call to request that a copy of this research be sent to them. ACC? WORM [SWARD 0JRRENT DESCRITTION STWOUCUSIP ME OMMY PRCE MIA ATORM INCCE/I 7110 OTT APPLE COMPUTER INC MPL CASH 20.003 71.8900 1,437.803 SSC eanwc.. STOCK P/SECTOR and BOYARS ALTERNATWE VIEWPOINT RATNG: S BEAR STEARNS COMPANBES INC 85C CASH 130.000 115.5300 15,018,900 145,600 0.9694 027 12/312:01:4103 CM VW* EFTA01260704 BEAR STEARNS CenCE SERVICOIG YOUR ACCOUNT Beet. Steams & Co. Inc. Now York Now York 10179 5 a e Cer.ARED THROUGH OS 111e0ttY OMCO SIMMAY boa x Satirrs Stoat IMO*. Ws Very Ii2outtso FINANCIAL TRUST COMPANY INC STATEMENT PER 00 December 1.2005 Your Portfolio Holdings (continued) THRCVM .CCOtir WWI= TAXIPMR rteMEA Deter:we 30.2005 00 Flo STAMM? November 30.2005 Equities & Options (c0 trued) Pat VARCE1 ESTMTM CURCDU Of SMPTC.11 STIAIMMIM Cwomnr east VALUE &M. SANS MOW MID 00 COLGATE PALA40LIVE CO CI. CASH 56.200 54.8500 3.082.570 65.192 2.1149 NC RATING: STOCK 0/SECTOR PM ARGUS FLoiComENTAL RESEARO4 0 RAMC: B DEERFIELD TRIARC CAP CORP 244572202 CASH 1,000,000 13.7000 13,700,000 ACCREPTED INVESTORS -n ENVIRONMENTAL SOLUTIONS ESVM CASH WORLDWIDE NC 100.000 0.7000 70,000 KERZHER INTERNATIONAL LTD KZI. CASH 10.000 68.7500 587.500 C rn BSC RAMC STOCK 0/5ECTOR MW NED DAVE RESEARCH RATP/G: VECTOR GROUP LTD VCR CASH 159.589 18.1700 2.899.732 255.342 8.8057 WYNN RESORTS LTD .,y44,4; CASS, BSC RATING: STOCK P/SECTOR IOW 10.000 54.8500 548.500 WALL STREET STRATEGIES RATING: B Total Equities& Options 537.445.002 5466.134 r TOTAL EQUITIES 537,445.002 5466.134 YOJR PORI F OLIO Fi0_0 [NGSES / ILIA I ED ANN'JAL INCOME $824,779 YOUR PRICED FORTFOLIOHOLDINGS $46,883,026 SLLTS£00- 019- ANGS I8 b.) IpJ 0"1 027 12/31,05.0000 COI VON EFTA01260705 BEAR SIMMS Cala SERVICING VGA ACCOUNT N Y To* 10179 6 o'er Transaction Detail DEPOSITS AND WITHDRAWALS art TRANSACIION °ESCROW% BEN MAXIM MO MOM 12/05/05 END WIRED MDASMI9121857FNDSWIRED TO 1,000,000.00 0 12/05/05 ENO WIRED MDMICTS50710FNDS WIRED TO i E i 10.000.000.00 -n 12/14/05 END WIRED MDA*MI3131879FNDSWIRED TO 1,000,000.00 12/15/05 FUNDS REC ENDS WIRED TO CITIBANK FROM 6.003.000.00 C rn TOTAL S-12.000.000.00 $6.000,000.00 MONEY FUND ACTIVITY r 9LLTSEOCIA19- ANGS IJ IpJ CLEAS$0 netoom rte Asore come) SuOSOART 11201.3.59 FINANCIAL TRUST COMPANY INC STATMEXT mew December 1.2005 ToACIARE Dt«Otor 30.2005 ACCOUEll ALMA* alla TAXPAYER .u, On Ole NIT VANS November 30 2005 art 4•CYDAY TIONSACITAi OCICRIATON STWOCEICUSP tar MOM Omoe AYdslf 12/01/05 OPENINGBALANCE 15.334.418.79 12/01/05 DEADEND DREYFUS CASH MANAGEMENECL A DION 39.769.94 INSTITUTIONAL SHARES MONDAY DNOENO 12/01/05 RONVEST DREYFUS CASH MANAGEMENT( A INCIOC 39.769.94 39,769.94 WSMUTOMAL SHARES MORD REINVEST 12/05/05 SOLO DREYFUS CASH MANAGEMENT-CL A °IOU -1.000.000 1.0000 1.000.000.00 MSTINITIONAL SHARES 12435/05 SOLD DREYFUS CASH MANAGEMENT-CL A OlOO .10.000,000 1.0000 10.000.000.00 INOWVIONAL SHARES 021 12111/064•03 COI VON EFTA01260706 BEAR STEARNS OFFICE SERVICING TOUR ACCOUNT Rear. Steams & Co. Inc. New Ye& New Yak 10179 7 we Transaction Detail (continued) rtgag011400UOM YS WHCSAN DATED 8898.10VRY a w Sten Searles . Wert Not Tart 11201.38S9 FINANCIAL TRUST COMPANY INC STATEMENT PERICO December 1.2005 ISROLOn Dectmter 30. 2005 ACCOUr OSAISR ■ va.X.I.Y09 µ.AWOL on nie O m MONEY FUND ACTIVITY (cenbnuec0 OMI SICSDAT 7IVICSACO:81 CCSOSPTION SOAllOUOJSIP COMFIT! MEC LAST STAOPPIST NONOTOOr 30.2005 OEYI AMOS CREW MONT 12/14/05 SOLD DREYFUS CASH MANAGEMENT.C.I. A INSTITUTIONAL SHARES 12115/05 BOUGHT DREYFUS CASH MANAGEMENT.CL A INSTiTuTEN4l. SHARES 12/29/05 SOUGHT DREYFUS CASH MANAGEMENT-C1. A OISTITLITCOLAL SHARES 12/30105 CLOSINGBAL DIOCC DIC10I Dial( .1.000.000 6.000.000 63.635.60 1.0000 1.0000 1.0000 6.000.000.00 63.835.60 1.000.000.00 cim H TOTAL S-6.103.605.54 $12.039.769.94 DIVIDENDS DATE DISONPTION Ou.KITIY WE a: SUIT AlCiV4 CRUM MOONY 12/29,05 VECTOR GROUP LT17 RE° 21CtS PAY 12.13 t 159.589 0.4000 63.815.60 r 553.835.60 LLLTSEOCINDANGS 027 12/II.05.09C0 COI V899 EFTA01260707 rn IS b.) t IJ 0 -n z C rn z r 8LLTS£00- 019- ANGS BEAR STEARNS OFFICE SERVCING YUIIR ACCOUVI Rear S Co nc earns . I . S N ark 10' 79 B e a Your messages 19:g? As part of the National Association of Securities Dealer's (NASD) Investor Education Program, you may obtain ?(oration on the NASCfs Public ' m by contacting the NASD at telephone number a via the internet address which is yanii.nasdr.corn. In addition. a brochure explairting the Public Disclosure Program is available from the NASD upon request. Ere] or Statement 025 12(3105090, COI CLEARED niROuoti ITS •Aitzto, OWVED RAISOlar n 11201.3019 FINANCIAL TRUST COMPANY INC SThismorr Porkloo INCemter 1.2005 ?wows NOM:a 30.2005 ACCOLKT ionER TAKPAYM 'week Onille tan irrArklana MOvernber 30.2005 EFTA01260708 CULARILD MIROUGH r15 MCU.V CONED SUSSOMY m 8 b.) IpJ -J 0 -n z C in z r 6LLTSEOCLAID- ANCIS BEAR STEARNS orrict SERVICANG YOUR ACCOUNT Bear. Steams & Co. Inc. New Ye& Nen 10179 Ile. Suara Saks War, a at FINANCIAL TRUST COMPANY INC ACCOUNT DICUTNE ZIOIERMANIRA TELEPHONE RINI OUR WEBSTIE wabearsteams.cm, What's In This Statement Financial Summary 3 ..... FINANCIAL TRUST COMPANY INC STATEMENT PERCO NROUGm ArtetN7 SIAMER TAX.AvEli Madefft LMT STATEInia Isb.trIbet 1.7005 AbAgriNt 30.)005 On rile Coat 31.205 Your Portfolio Holdings 4 FJO AMERICAN YACHT HARBOR Transaction Detail 6 Fund Activity 6 ST THOMAS V1 00802-1348 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE CC SECURITIES 'rtas PotiOD 37.353,781 Cash* Waders 616.334A19 312096.339 MONEY MARKET ROAD BALANCE 15.334.419 NSW — 337.353.781 537.793.949: S-SCCO NET EQUITY MIS PERIO0 $52,688.200 El Etta ITWte WOW NET MUM LAST STATEMENT 49,871.187 IIIII lint statement's market value CI Etat Market vale CHANGE SINCE LAST STATEMENT 2.817.013 These are no 'Stop loss' orders or other pending buy or sell open orders on file for your account. Pa ran a d COWES raci4ed as d.wnd a viv lc. no.. era *Ca SWAM ea Ike Eon Searles fire. @IS M,V. 1,307•3650 Ten suenury is Re MeTureaal paws aw. Rena Mae as s In anent TN. inter telt 04.14 04 Wanedbe ye.. ryas. See revere a br marten nftmeean 027 I MITE 07 IS 001 VS90 EFTA01260709 CLEARED THROLCH ITS %%toy OMW SuBSOwtf Ste. Sidra Saa.tbes C.N9 ANIMMIMMIL. INNS FINANCIAL TRUST COMPANY INC 2 0 z m cim z H r 08LISE00- O19- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE Oh WOWW.:36 001 VS98 EFTA01260710 C) 0 -n C rn r ISLTS£00- 019- ANGS BEAR STEARNS OMCZ SERVICING YOUR ACCOUNT Bear Steams 6 Co. Mc. New Tara. New York 10179 3 da Cash Flow Analysis Income Summary TIC N 1145 POMO VtAt TO WS Ccening Balance 54,531.74 ()Wands 336.901.61 2.553.594.92 Credit Balance Ira. 0.00 2.395.40 Securities Sold 2.682.277.75 Money Fuld 6.103.61 Total 5336.901.61 52.555.990.32 Funds Deposited 234.432.12 Fixer Tai Wahheld 0.00 .2.227.87 EavidenisAnterest 330798.00 Margin Iii. Paid .4,531.74 .40,999.17 Amaral Credited 53.253.611.48 Money Fund 4.253.611.48 Portfolio Composition 0MdendsAnterest Charged .4,531.74 Cashtash EquireleM 15,334,419 Amount Debited S-3.258.143.22 Equities 37.353781 Net Cash Activity .4,531.74 Total 552.688.200 ClosIn9Balance 30.00 San. -Virden et u1. bobble acami 000 me car eclarods,114 teelerc md• Deafen *et 000s WON. 10.0.K1cns Des •Oplao n Torino. OEM. Cash Balance Summary MOM =SING Cash 4,53134 0.00 Net Cash Balance 54.53134 $0.00 027 1120105 0I 15 001 ri.rac0 TNROvaw Fri %%DOLLY OVflD BLOSSOMY Bet Sten Seelifitis FINANCIAL TRUST COMPANY INC STATEllea PER/“. NOVCDOCS 1.2005 THROWN Navemba 30.2005 ICCO, NT NUMBER TMPAYDI /MOOT On Fie IAST STATEMENT Wow 31. 2005 CdSti aC 30% Your Portfolio Allocation 0n1.1.1 pylon Ctra Signe &VW /now .a1.••• The Scam oseaelase • 600A0 Iran P. It:WAG WSl %via St you. tao$e vex EFTA01260711 0 -n C rn r Z8LTSEOCIA19- ANGS BEAR STEARNS OFFICE SERviaNG YouR ACCOLafr Beet Stearns & Co. Inc. 19.1 . .reiv 0179 4 as Your Portfolio Holdings CASH & CASH EQUIVALENTS War ESINAITO CAREX ULSCVIOR SIWOJELISIP CALW111Y Plea unit AMU& WOW ‘1ELO re DREYFUS CASH MANAGEMENT-CL A [ACV 15,334,418.79 1.0300 15.334.419 567.373 3.7000 NSTITuntwit SHARES Est. 3o DAY Ave YEto 3.9000% TOTAL CASH & CASH EQUIVALENTS 515.334.419 5567.373 EQUITIES C&2 ThROV30.1 ITS %HOLLY DANED SUSitepAY Inc Swan Starnes Carp. MIIIMPONIS FINANCIAL TRUST COVPANY INC STAITWNY PS 0J Mriernbe 1.2035 ne014., Novembe 30.2005 AOCCLItt NUMBER TAX*AYER NUMBER LAST STATEMENT Mom Octabec 31.2005 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 - 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 ctiere 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: B - Buy: H . Hold: S - Sell. The ratings Pifcemanan contained herein is for informational purposes only and is not intended to provide tax, legal or investment advice. Bear Steams is neither soliciting any action based on such information, nor endorsing arty 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 vmw.bearstearrrs.com or can call to request that a copy of this research be sent to them. M.CT PAPAW ISMATI0 non OLICRPMN 511.01/CUSP ME 011.2011( POE MO AliMai. MOLE '11W aq APPLE COMPUTER INC MPL CASH 20.000 87.8200 1.356.400 BSC RATING: STOCK 0/SECTCO ION BOYARS ALTERNATIVE VIEWPOINT RAMC: S BEAR STEAK IS COMPANIES INC BSC CASH 130.000 110.9900 14.428,700 130,000 0.9010 02i 12XN/01,314$ COI VON EFTA01260712 Ei1 8 b.) IJ t LA BEAR STEARNS SIERYKA1.0 YOUR ACCOUNT Bear, Steams & Co. Inc. New York Now York 10179 5 ye =ARCO THROWN ITS WICOY 0iVCD SURSI)Olte 11•4 101.1n SOTIMS ORO*. Pis et 20 SIS FINANCIAL TRUST COMPANY INC STATMert 'PROD NOtrtsR 1.2005 Your Portfolio Holdings (continued) Equities & Options (continued) fit-C1 I:RUMOR SIVOX.<1.1. not IMMO WORT PRICE VOUS MIAOW alit POORE nwouen Nowetei 30.2035 ACCOLN7 NUI/SkR WOAKR WORM On TM LAST STAMORT October 31.2006 CURRDO TRIO 00 COLGATE PALMOUVE CO CL CASH 56.200 54.5200 3.064.024 65.192 2.1277 BSC RUNG: IRN MENTAL OR ARGUS FUND RESEARCH 0 RATING: B DEERRELD TRIARC COP CORP 244572202 CASH 1.000.000 14.2100 14.210.000 ACOZEOMED WVESTCRS -n ENVIRONIAENTAL SOLUTIONS ESVAN WORLIWAX WC CASH 100.000 0.7960 79.600 KERZNER INTERNAnONAL LTD Kn. CASH 10.000 65.0100 850.100 C in BSC RATING: STOCK OFSECTOR NW NED OARS RESEARCH RATING: El VECTOR GROUP LTD VGR CASH 159.589 18.8400 3.006.857 255.342 8.4926 WYNN RESORTS LTD VANN CASH 10.000 55.8300 558.300 8SC RATING: STOCK P/SECTOR NEW WALL STREET STRATEGIES RMING: li Total Equities&Options $37.353.781 $450,534 r TOTAL EQUITIES 537.353.781 5450.534 YOUR PORTFOLIOFOLDINGsE.,7 irv4*ED 51 017.907 YOUR PRICEDPORTFOLIOHOLDINGS 552.688.200 ESLTS£00- 019- ANGS CI21 12201/0622133 COI PPM EFTA01260713 (-) 0 in r 178LTS£00-IA19-ÅNGS OFFICE SERVICING YOUR ACCOUNT BEAR MIS` STEARNS It" 10179 6 Cl Transaction Detail INVESTMENT ACTIVITY C.LARCD •IISOJGH C'S vist.Lr OMSO 5~01~ on 11201.3159 FINANCIAL TRUST COMPANY INC sTANsorr mum ~tee 1.2005 TsillOUCH NovertOtt 30.2005 ACISOLAST ~Ma alit ~AYER ~ER On FAA LAST slammer Omaha 31.2006 5IØ MOE WE 0Alt nuaSTC113N OLSCRPTION MAIOUCUSP MAMIE PRICE OW ~LW 11/21/05 JOURNAL CALL COLGATE PALM NOV 055 •••• 1941829K1 200 DP 1111917005 11/29/05 11/23/05 SOLD CROW NATUNT COLGATE PALMOLIVE CO Cl. -SO.0O3 53.70780 2.682.277.75 UNSOLCITED TOTAL 52.682.277.75 DEPOSITS AND WITHDRAWALS OM libueSACIEW OCTERrow 11i07/05 FUNDS REC ENDS VARED TOCITIBANK FROM OMIT "WW1 CREW MOUNT 1MRNE NYC F0453110076701 91.131.25 11/08/05 FUNDS REC ENDSWIRED TO CMBANK FROM INIORGAN CHASE 10653120133N:el TOTAL 143.300.87 5234.432.12 MONEY FUND ACTIVITY DATE LOWY liwaCnoN CISCRIPMN 11101/05 OPENINGBALANCE stmicucuso OLmmy max DEW AYOUB« WM »OM 12.080.807.31 11A)1/05 BOUGHT DREYFUS CASH MANAGEMENT-CL A DØ 4.531.74 1.0000 4.531.74 NSITTUTTONAL SHARES 11/01/05 DIVIDEND DREYFUS CASH MANAGEMENT-CL A INSTINTIONAL SHARES MONTHLY ONDEND 6.103.81 on vouosto:ss 001 1/99. EFTA01260714 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Beer. Steams & Co. Inc. New York. New York 10179 7 or. CLEARED Tegiar.n rtS vineur OAT= SIAS;PARY tota . SournsSitu.on Ortega. New Yen II2014859 FINANCIAL TRUST COMPANY INC sneer KN.") Nerrember 1.2036 Transaction Detail (continued) MONEY FUND ACTIVITY (conttued) tout nwouom Ncreber 30, 2005 ACCOurir TO)AvER walla On Fla um *TAMAN! October 31.2005 IOW OINSCOdi DtSCRPMC•1 StwePAWN 0_ UT? owe can Merl GRECO /MOM 11101/05 REINVEST DREYFUS CASH MANAGEMENT-CL A 6.103.61 8.103.81 INSURITIONAL SNARLS C) ONMENO REINVEST 0 11/07/05 BOUGHT DREYFUS CASH mANAGEmENT.CL A ISTITUTIONAL SNARES c403( 91.131.25 1.0300 91.131.25 11/09/05 BOUGHT DREYFUS CASH PAANAGEmENTa A MOO( 143.300.87 1.0000 143.300.87 -n 11/15/05 BOUGHT DiSirtuTIONAL SHARES DREYFUS CASH MANAGEMENT-CL A eismtmom. SNARES DIC)Cf 30798 1.0000 30,798.00 C in 11/22105 11/29/05 BOUGHT BOUGHT DREYFUS CASH MANAGEMENT-CL A INSFITLMONAL SHARES DREYFUS CASH MANAGE?: n. a A INSITTuTCHAL SHARES DIM( DION 295.468.26 2,682,277.75 1.0000 1.0000 295.468.26 2.882.277.75 11/30/05 CLOSINGBALANCE 15.334.418.79 r S8LTS£00- 019- ANGS I8 IJ IpJ -3 TOTAL S-3 253 611.48 S6 103 81 DIVIDENDS OAR COOIMPTCM SIMIOL/CUSP %WIN RATE (4 DONT WONT CREW DAIOUNI 11/15/05 COLGATE PALMOUVE CO CL 106.200 0.2900 30.798.00 REC 10/26/05 PAY 11/15/06 11/21/05 DEERFIELD TMARC CAP CORP 244572202 300.000.03 ACCREDITED INVESTORS RD 11/77 RD 11/21 WI 80000 CSN ON ON 100=0 SIM CASH OF/ TOTAL 5330.798.00 021 17/01/45:0713 CO1 Wee EFTA01260715 Fn I8 b.) b.) --J 00 T4iNaGUNO0 98LTS£00-019-ANCIS BEAR STEARNS OFFCE SERVICE% YOUR ACCOUNT allagork 10179 8 a s Transaction Detail (continued) INTEREST out OtSCRP/111 1121105 INT 10r2DIE )R .50CCO% BA!. 0 AVG 1169481 TOTAL S-4.531.74 3111101101Se 0.LARCO naCtiCo r3 wnOLLY Onna0 SVISOLARY eat asse rt 11201.3359 FINANCIAL TRUST COMPANY INC STATILICXT MECO NOVenlEtt 1. 2005 THROUGH tiOvernter 30.2005 ACOXill tune% TAXPAELA mediel1 On FM tASE STATMENT October 31.2005 202 110 air "NOM CREW MOON, 4,531.74 MISCELLANEOUS art Wow TRONSAL113,1 OfEatiensa DEBT OAOLV(2 CIOZO WOW 11/22/05 XVRNAL JOURNAL FROM TYPE ITO 2 4.531,74 11/22/05 JOURNAL JOURNAL FROM TYPE 1 TO 2 4,531.74 TOTAL 1-4.531.74 54,531.74 STOP] End of Statement 017 11070607 15 001 AIM EFTA01260716 CLEARED TER016311 ARCALY 0 16i0 Sut1SOLDAY OFFICE SERVICING YOUR ArrnuNT Bear. Steams 5 Co. Inc. BEAR 383 Madison Avenue New Tat New York 10179 STEARNS Raw Stan Loran . 013859 COMPANY INC Pave 01 FINANCIAL TRUST ACCOUNT EXECUTNE Zr.NERMAN.IRA TELEPHONE VISIT OUR WEBSITE vAny.bearsteams.com What's In This Statement Financial Summary 3 I FINANCIAL TRUST COMPANY INC /DAMARA? PERDO TAltou04 Alm PC Y-61101 MOAK* NVIALIER VAST STATEDEME October 1. 2005 0cmer 31.2005 D Fib SepleArCer 30. 2005 Your Portfolio Holdings 4 00 AMERICAN YACHT HARBOR Transaction Detail Fund Activity 7 ST THOMAS VI 00802-1348 0 -n Your Portfolio at a Glance TOTAL VALUE OF SECURITIES TILLS PERIOD 37.785.848 C.° C.W.O.. Market Value of Your Portfolio S12.085.339 P515.190 C in NET CREDIT BALANCE 4.532 [was 137.790.848: S-S,CCO 582.488.888 S-8.000 MONEY MARKET EURO BALANCE 12.080.807 Curter* ma,t NW r NET EQUITY ma PINGO NET FOUR LAST STATEMENT $49.871,187 82,636.678 OMLas gatelwall =Met wAue slot motet Sue CHANGE SNCE LAST STATEMENT -32.765.491 There are no 'Stop Loss' orders or other pending b or sell open orders on file for your account En IS IJ IpJ -J aLTS£00- 019- ANGS Pease ?Ann *AI 6 d o6fAcr RAD recnd a ad.nrsi b py CA., a an Own Swam N S. Ron Sawn 116608. NY 11X14850. t TM wary is for menttAtel payesti eery. E N Mt rteried as • tic 6xurict 6.6eallet Wad be Mime 'Cr you. Ian Sot Mtn< fa ICe rPCNrI 166.16119. 021 110050S 34 001 11197 EFTA01260717 r, nese, TO RS wrCt.LY DMCD SuO.SOTTRY 1110111111Mit ai rsircerc 11.201.3859 FINANCIAL TRUST COMPANY INC 2 ergo 0 z ii C rn z -H r 88LTS£00- 019- ANGS IJ IpJ C STATEMENT BACKER IS PRINTED ON THIS PAGE 033 I1g%q& 001 V897 EFTA01260718 rn IJ li) t BEAR STEARNS OFFICE SERVICING YOUR Accoun: Bear. Steams & Co. Inc. New York. New York 10179 3 a .c Cash Flow Analysis MS MOO Income Summary This TDB ID Out Opening Ba lance Securities Sold Money Fund Dndends/Interest $0.00 18.015.157.21 670921.28 223,003.00 Dwiderds Creek Balance Int. Total Foreign Tax Withheld 224.387.50 0.00 5224,387.50 0.00 2.216.693.31 2.395.40 52.218088.71 -2.227.67 0 Miscelanecus 19.716.376.76 M.ngki Int Paid -30467.43 -38467.43 TZ Amount Credited 538.625.458.25 t l SectrlUes Soule -989.905.00 Portfolio Composition C in Money Fund DiudendsfIrr.erest Charged Mescellaneote • -12.584.554.08 .36.467.43 -25.000.000.00 940W Cashtash Equwalent Wits 5.000 ON 12.085.339 37.790.848 Amount Debited S-38.620,926.51 Total 55.000 549,878.187 Net Cash ActMty 4.531.74 Clceltwpalance 54.531 74 r 68CESEOCIN9- ANGS Sas ary trews a ash buts, soar, ape ay nal rade< - an at a me a di Sr al fee Peewee I' acne KOWA a NAAS Cele Cash Balance Summary Cash 0.00 4.531.74 Net Cash Balance $0.00 54.531.74 atom meows its MOLLY 00.40 SUOIMIXARY Ere t Srelestleordes Ereekte. New ark 2013•50 FINANCIAL TRUST COMPANY INC sTATthea maw October 1. 2005 "mown Oclobc. 31. 2005 ACCOUNT IS ER TAXPAVTA NUMBER 0/1 FYI LAST STATVAPIT 54oternbw 30.2006 Your Portfolio Allocation Cafe & EiawalC411-, 24% Stahl (gut <1% Equhos 75% teepee totem dIec orb' Mine eke eert narnt rat. The alocolom percener 4 Ozeked Fn Po ieesiA• tyleht al Ica. Kaltab 021 C11,O5O6 14 COI 1697 EFTA01260719 0 -n C rn r 06LTS£00- O19- ANGS IS b.) IpJ 00 00 IN) BEAR STEARNS OFICE SERVICE% YOUR ACCOUNT Mile 10179 4 er io Your Portfolio Holdings CASH & CASH EQUIVALENTS OESCSIV11011 CASH BALANCE SYS.30L/CLISI OMWIrN TEFL 4.532 ESI1kWIED CURRENT A108)AL MD OE) CLEARED 11.V..iCei rts %%mai, Onfa0 Sufism/ow saw n 11201.38..9 FINANCIAL TRUST COMPANY INC surnahT KA00 October 72005 name October 31.2005 se-COuNT mA8801 ionvER MWYA On Ft Lost stwowor Sweeter 30.2005 DREYFUS CASH MANAGEMENT-Q. A DIDM risTrtunckAL SHARES EST 30 DAY AVG EMU) 3.7500% TOTAL CASH & CASH EQUIVALENTS 12,080,807.31 1.0000 12.080.807 410.747 3.4000 $12.085.339 5410.747 EQUITIES Equities & Options The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the FrMs 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 = Underperfcem. 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 Ovenveight: MW - Market Weight: MU = Market Underweight. In cases where a BSC rating is present. the name of an independent. thirdparty research provider and their rating may also be displayed. where 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 pi/poses 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 or opinion expressed by any independent. thin:Teeny research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent. thrd-party research o ' 'es covered by the FinlIS research is available to customers of Bear Stearns at no cost. Customers can access this research at www.bearstearns.com or can call to request that a copy of this research be sent to them. DESCRP104 Srull0LiEUS19 APPLE COMPUTER INC AAPL 8SC RATING: STOCK 0/SECTOR MW BOYARS ALTER/UTNE VIEWPOINT RATINGS ACC! CASH OluNfirr 20.1:100 PbCt PAMICEI tsnumeo 0.0111.00 VALUE Walk NOW( 211.1.0 nn 57.5900 1,151,800 SEAR STEARNS COMPANIES INC BSC CASH 130,000 105.8000 13.754.000 130.000 0.9452 027 11.01/05:00,14 001 EFTA01260720 O-LANG NowuGm In "coy ONNEO SUSSIYARy IpJ -n C in r T6LTS£00- 019- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Sten & Co. Inc. New York. Now York 10179 5 a :c Your Portfolio Holdings (continued) Equities & Options (continued) ACCT MARCEL estwattO CURRENT DISCRPTIOW SIABOLCUSP NPL WORM Plea VALUE IANWL Itatbit TI(t0 rs) COLGATE PALMOLIVE CO CL CASH 106.200 52.9600 5.624.352 123.192 2.1903 BSC RATING: STOCK WSECTOR Lew FueCRuM GLOBAL PARTNERS. LLC RABIC: B ilea l a wan Smelts bticOr. N. at •70 4159 FINANCIAL TRUST COMPANY INC STATEwbil EfR00 October 1.2005 THA0-10.4 October 31.2005 Accoun Mildl E TAXPAYZR wiA.Merg Ore Fle LAST STATACYT September 30.2005 CALL COLGATE PALM NOY055•••• 11955 CASH .200 0.2500 4.000 EXP 11119(2006 DEERFIELD TRLARC CAP CORP 244572202 CASH ACCREDITED DIVESICRS 1.000.000 12.9700 12.970,000 ENVIRONIMNTAL SOLUTIONS ESVAV CASH 100.000 0.5500 55.000 WORLOWDE NC KERZNER INTERNATIONAL LTD KA CASH 10.000 58.3500 583.500 BSC RAMC: STOCK 0/SECTOR MW NED DAMS RESEARCH RATING: H VECTOR GROUP LTD VGR CASH 159.589 19.9600 3.185.396 255.342 8.0180 WYNN RESORTS LTD WYNN CASH 10.000 46.6800 466.800 8SC RATING: STOCK MEMORIAM WALL STREET STRATEGIES RATING: H Total Equities& Opticms 337.785.848 6508.534 TOTAL EQUITIES 637.785.848 5508.534 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME 6919.281 YOUR PRICEOPORTFOLIOHOLDINGS 543871.187 071 n01650334 00• YYt EFTA01260721 1 1 m r Z6LTS£00- IA19- ÅNGS 1 8 b.) Ja IpJ BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT ladkork 10179 6 el '0 Transaction Detail INVESTMENT ACTIVITY SETTIDAEM MIX DATE DATE TRANS/03N 10/06.05 1W WUL Manx BEAR STEARNS COMPANIES INC JOURNAL FROM TYPE 1 TO 2 Snmaucum. Limin BSC -450.000 0.EARED IIPIOV>1 r7s Vil*O.LY CAVED StALMARY ~rte., 11}01-385D FINANCIAL TRUST COMPANY INC STATTWICT nag° October 1.Ø5 THROJGH Ottobe 31. 2005 FCCOL.IT ~MA ~ra 1~mi:it WWI«. On Flo LAST STAUNCH, Smerntx« 30. 2005 NOCE 00111 AVC4.41 CREW AMOUNT 10/06/05 JOURNAL EQUITY OFFICE PROPERTIES TRUST EOP -110.000 541 JOURNAL FROM TYPE 1 TO 2 JOURNAL BEAR STEARNS COMPANIES INC BSC 450.000 JOURNAL FROM TYPE 1 TO 2 10/06105 10/06105 JOURNAL EQUITY OFFICE PRCPERTIES TRUST EOP 110.000 S8I JOURNAL FROM TYPE 1 TO 2 10117/05 10/12/05 BOUGHT ARRA COMPUTER INC WITH RIGHTS TO PURCHASE COMMON SDI UN RED DER CERTNN CRCULISTANCE UNSOUC WE TAME A MKT RI THIS SECURITY AVG PRICE: IIETAILS ON REQUEST UNIT PRICE 49.435000 /APL 10.24/05 20.000 49.49500 989.905.00 JOURNAL O VS COMPANIES INC BSC µ .100.000 T 7.14 AT 1 10127/05 1024/05 SOLD IMCNCAU REALTY CORP UNSOUCRED CU 48.100 41.90500 3.686.385.18 10127/06 1024/05 SOLD TOO INC UNSOLICITED TOO 4,100 27.20240 111,274.17 10127/05 1024/05 SOLD BEAR STEARNS COMPANIES INC UNSOLICITED BEAR STEAMS å CO. INC. 5 A VSP 7/14/059 sussicum OF DI 06.26 E ISSUER. 1 EQUITY OFFICE PROPERTIES TRUST (OP -110.000 30.69360 3.369.549.87 581 UNSOLICITED BSC -100,00) 104.54700 10,448,257.99 10/27/05 1024/05 SOLD 027 11/~01,4 Ø ven EFTA01260722 -n in r E6LISE00- 019- ANGS BBNR STURNS OFFICE SERVICING YON Accouorr Sew Stee0ö 8 Co Inc. New Yoh. New Yen 0179 7 co ,0 Transaction Detail (continued) INVESTMENT ACTIVITY (ccn0luee) SE1TtDAENT TOME DATE DATE TIAKSACTIDit DISCR911091 SYMEICUCUSP ~MT+ pAKI CEDE! A11001rt mot Now 10127/05 JOURNAL APPLE COMPUTER INC AAPI. 20.000 JCIANAL FROM TYPE 2 TO 1 10127/05 JOURNAL BEAR STEARNS COMPANIES NC BSC 250.000 JOURNAL FROM WEE 2 TO 1 10/27/05 DELIVERED TOO INC TOO -45.9C0 DEL 7000005 1027/05 JOURNAL APPLE COMPUTER INC AML -20.000 JOURNAL FROM TYPE 2 TO 1 1012705 JOURNAL BEAR STEARNS COmPATIES NC BSC -250.0O3 JOURNAL FROM TYPE 2 TO 1 1O/28/05 10/25105 SOLD 'ROST FIN HAL) IFPSF -1CO,CCO 3.99590 399.690.00 EMU HYST CL UNSOUCTTED 82005102507438 I 8 051025 REPORTED PNCE 4.055900 DEFERENCE -0.060003 10/31/05 DELIVERED BEAR STEARNS COMPANIES INC BSC .120.000 DEL TO 05198 TOTAL S-989,905.00 $18.015.157.21 MONEY FUND ACTIVITY 0.EMED 7i440u0n n vmCkur 0~0 SuniCtun• Ziee. Reams Scants Ye Yen 11201-3859 FINANCIAL TRUST COMPANY INC STATOJINT Elmo OaCter 1.2005 niActaaK (Mote 31.2005 A NT m/74ER TAXPAYER ran3ER On ne LAST STATeutwT Sigarnbe 30. 2005 art MOP! TM/GAME« DESCAPTION 10101/05 STISCUCUSIP .0UPInDY PRIZ2 om Masa CAMP /MOUNT OPENINGBALANCE 155.790.01 10/03/06 BOUGHT DREYFUS CASH MANAGEMENT-CL A NON 512.591 1.0000 512.591.00 ESTITUTTONAL SHARES 027 111OUDIce»34 001 Yile7 EFTA01260723 rn IJ of / 0 -n z C in z r V6LTS£00- 019- ANGS BEAR STEARNS OFFCE SERYCIttG YOUR ACCOUNT BEVY Stearns & Co Inc. Y York 10179 ULM= ThROLG14 n WHO./..Y INAZD SUOSIOVAY ft Nal Ism 11201.3e19 FINANCIAL TRUST COMPANY INC STATEmENT MOD:0 °STOW 1.2005 Tp00.4.1 °mom 31.2005 Transaction Detail (continued) MONEY FUND ACTIVITY (continua:) OAK MOONY TRAPSC111N DESCRIPTOR SYmbatitta, Oumbrrt nett ACCOuNT KAMER Min TOONYER MIMM31 On EIC LAST STATEMENT September 30.2035 ban man Mob Alcoa 10/03/05 DMDEND DREYFUS CASH MANAGEMENT-CL A edmunOeui. SHARES DOG 1.155.77 MONTHLY DIVIDEND 10/03/05 REINVEST DREYFUS CASH MANAGEMENT-CL A MOM 1,155.77 1,155.77 NSTITUTIONAL SHARES DMDEND REINVEST 10/06/05 SOLD DREYFUS CASH MANAGEMENT-CL A DIC10( -669,536.78 1.0000 669.536.78 IISTRUTONAL SHARES 10/06105 DMDENO DREYFUS CASH MANAGEmENT-a. A DIClOI 228.73 INSTITUTIONAL SHARES RESIDUAL DRICEND 10/27/05 BOUGHT DREYFUS CASH MANAGEMENT-CL A (Ca 11.573.149.05 1.0000 11,573,149.05 INSMUTIONAL SHARES 10/28/05 BOUGHT DREYFUS CASH MANAP-FIAFTG-CL A ' Dna 507.658.26 1.0000 507.658.26 RISTITUDONAL SHARES 10/31/05 CLOSINGBALANCE 12 080,807.31 TOTAL 5-12.594.554.08 5670.921.28 DMDENDS DATE DESCOPTEM STMEOUOJEF 010MITI RODE CS) DEIR Alta CREDIT AMOUNT 10/17/05 EQUITY OFFICE PROPERTIES TRUST EC. 110.000 0.5000 55,000.00 $81 REC 09/3(105 PAY 10/17/05 10/17/05 MACKGAU REALTY CORP bEc 10405/05 PAY 10417,05 Cu 88.100 0.6300 55.503.00 WT 11/01.06:01114 CM 1007 EFTA01260724 ETT 8 IJ IJ 00 00 --.1 C)0 -n C in r S6LTS£00- 019- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams E Co Pc. New Yn New Yen 10179 9 •: Transaction Detail (continued) DIVIDENDS (conUnued) CAMEO 1149303n RS WHOWE OARED SuSSORRY Bev Suers Saanias Nat of 1201 3359 FINANCLD TRUST COMPANY INC summer nano °tuber 1.2005 THR0uPT OCIPX4 31.2005 *moue WIPER X72 TAIDARTIR RPM. On FIR WT PATDIEVT Septerber 30.2005 OAR DESORPTION SWEIOUCUSP MAMMY RAM RI DEa AVOUP41 COW!' MOOR 10/28/05 BEAR STEARNS COMPANIES LNC REC 10,18/05 PAY 10'28/05 BSC 650,000 0.2500 112.500.00 TOTAL 5223.003.00 INTEREST an COOltP/101 Slat LSI Ctmitry AAR rhi ORR AVOUN7 CREOR AMOUNI 10/21/05 INT 08 09/21 .111.5012814 ML 6005850 RIG 9721862 36.467.43 TOTAL 5-36,467.43 MISCELLANEOUS aR TIIMISACTKAI CtSCSFIPPC`. OMR AMMO MCC masa MODAY 10703/05 JOURNAL FROM 151.250.00 10/03/05 JOURNAL FROM 381.341.00 10104/05 CASH-UEU VECTOR GROUP LTD 9.78 CASH IV LIEU OF .50000 REC 09/2005 PAY 0929105 10706435 JOURNAL. JOURNAL FROM TYPE 1 TO 2 669.546.54 10/06/05 JOURNAL TO 25.000.000.00 PERL 10/06/05 JOURNAL JOURNAL FROM ME 1TO 2 669.546.54 10/07/05 JOURNAL JOURNAL FROM TYPE 1 T02 228.73 10107/05 JOURNAL JOURNAL FROM TYPE 1TO 2 228.73 027 11.01/05113511 0D1 VIO7 EFTA01260725 rn I8 IpJ Ja DO IJ BEAR STEARNS CefICE SERVICING YOuR ACCOUNT Sett Stearns C . Inc. N Y Yak 10179 10 cri, rtnuati) TWR01.0. rIS VA•DU.Y OWNED SUBSONRY ~rut 20 3113.9 FINANCIAL TRUST COMPANY INC STATEMENT PIIROD OCOD« 1.2005 THROW. Ocsater 31.2005 Transaction Detail (continued) MISCELLANEOUS (continued) art ØY ~ACM« OtStAIPTEN. OM Amapa acccsea roan ~a TAXPAYER ~Mk On no LAr nitwit ~sr 30.2øs CREDO AVOW 10/17105 JOURNAL JOURNAL FROM TYPE 1 TO 2 110,503.00 10.07/05 JOURNAL JOURNAL FROM TYPE 1 TO 2 110.503.00 1011705 JOURNAL FINAL REODAPTION 19,203,776.00 z -n 10/2705 1027/05 10/28/05 JOURNAL JOURNAL JOURNAL JOURNAL FROM TYPE 2TO 1 JOURNAL FROM TYPE 2TO 1 JOURNAL FROM TYPE 2T01 7.775.489.70 7,775,489.70 112,500.00 10/28/05 JOURNAL JOURNAL FROM ME 2T01 112.500.00 in z TOTAL 5-33.658267.97 528.384.644.73 r 96LTS£00- IA19- ANGS STOP End of Statemen 027 ,:91N5Ø14 CO1 EFTA01260726 ITT 8 b.) IpJ 00 O -n C in r L6LTSEOCIA19- ANGS BEAR STEARNS OFFICE SERvICING YOUR ACCOuvr Sem Stearns a Co. Inc. 383 Madison AVMs II In Iul .11 ..... FINANCIAL TRUST COMPANY INC C/0 AMERICAN YACHT HARBOR ST THOMAS VI 00802-1348 CLIME° /1440..0. rTS wna. O'AttO SIASCMItY iBlialirn1 Sion*. BrCOthlt Nal RA 11/014850 FINANCIAL TRUST COMPANY INC STAIS1SNT PER103 $ePteatr 1.2035 YKROWN September 30.2005 ...W0 MT SWIM TAxPAYEA MAWR On no LAST STATOIENT AIM= 31.2005 Pursuant to your previously issued instructions. Bear Stearns Sectaries Corp. provides duplicate monthly statements and/or Uansaction confirmations to the Wird parties listed on the cater page of this statement. If you wish to modify a cease distribution to any of the recipients indicated. please contact your Account Executive. This reminder notice will continue to be provided to you on your quarterly statements. Third Party 1 EPSTEIN a CO 457 MADISON AVE 4TH FLOOR NEW YORK NY 10022 027 100105.11 SO 001 TUe EFTA01260727 CLEAPIO ThltOttoi it s %WILY OWNED Putman CiFICE SERVICING YOUR ACCOUNT BEAR Inc 10'79 STEARNS FINANCIAL TRUST COMPANY INC ACCOUNT EXECUTIVE ZICHERMAN.IRA S•ATE'N.NT Pf/000 September 1, 2005 TELEPHONE MMID Seet Wilber 30. 2005 VISIT OUR MOSHE wAvo.bearstraams.ccen What's In This Statement ICCOu,rt MASK as - manna HALER On Tie Financial Summary 3 FINANCIAL TRUST COMPANY INC LAST STAITVENT ALOUtt 31.2005 Yotr Portfolio Holdings 4 C/0 AMERICAN YACHT HARBOR Transaction Detail 6 0 0 Fund Activity Your Messages 7 9 ST THOMAS VI 00802-1348 I 8En b.) 1,2 t m C in r 86LTS£00- 019- ANGS Your Portfolio at a Glance TOTAL VALUE OF SECURITES TN6 PERIOD 82.480.888 Market Value of Your Portfolio s when _6%5.790 S10.836.205 MONEY IAARKET FUND BAIANCE 165.790 ENulfes- 582.488.8ED S-8.000 578.392.705 5..14,000 NET mum ms PERIOD 682.636.678 OPTent POOH yatie NET ECTUTIV LAST STATEMENT 89.214.910 la Tau stmanwes mattat value Start market vale CHANGE SINCE LAST STATEMENT -6.578.232 There are no 'Stop Loss' orders or other pending buy or sell open ceders on file for your account. ruts wen a} 1 Vett e seas. hecalk AI }MI.: IC ho, owes eise Seven .4 Our Slum. Skulks Ca, ilstaor, kles"31. glim 'Ns arra S ke ettentkallpaposys em. to rd Hence:maw coxnet. Ice unman arcane routed aar Y:✓ novas See Weld lob kr reettint altn- aem C27 10t10.1 '1 LO 001 V446 EFTA01260728 CLtflO Twit01,0m ITS VMhIV CWITCO 50030111rf sow 11}01.3•19 FINANCIAL TRUST COMPANY INC 2 a .e 0 -n z C in z r 66LTS£00- 019- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 027 1011.80401:50 001 VHS EFTA01260729 CLEARED MAL,P3.1 In VINDAY OARED IV mereRY 0 z ii C in z r 008TS£00- O19- AN0S 8 ba IJ t IJ BEAR STEARNS OFFICE SERVICNG YOUR ACCOUNT Be r ial l a t earns New Y t New York 10179 3 o •: Cash Flow Analysis THIS PIRD3 Income Summary IRS PERIOD Yuan) Calk Opening Balance 30.00 Dmdends 73.541.80 1.992.305.81 Credit Balance Int. 0.00 2395.40 Money Find 11.012.745.80 Funds Deposited 248.043.09 Total 573.541.80 51.994.701.21 Divdendsamerest 80.796.00 Foreign Tax Withheld 0.00 -2.227.67 Amount Credited 511.319.584.89 Money Fund 419.584.89 Portfolio Composition Funds Weidman, .1.000.000.00 SHORT tag licallaneous -10.000.00100 Cash/Cash Equlralent 155.790 Amount Debited 5-11.319.584.89 Equities 8.000 82.488.888 Closing Balance 30.00 Total 38.000 582.644.678 021 l001/06.1110 COI Imp Sewn Semen Cab. CC* Menace Cm* NOM Pew York 11201485. FINANCIAL TRUST COMPANY INC STATEVEHT REMO September 1.2005 TPROUGH Septeerte 30.2005 ACCCURT 'Legate tAx•Arem It Di nkfr tat frATERENT Augnl 31. 2005 Your Portfolio Allocation L- [quotes 99% ~Wei Knee OM)* fate Mime mete to, mem mum nr anus PeOletlt• 0"14 fp, he 2,144/4 amen yew ei ma amble EFTA01260730 CtURE0 Tr4.0)3., in %wage Coni.f.0 taissawre rn IS b.) b.) t 0 -n C rn r TOSTS£00- 019- ANGS BEAR STEARNS DUKE SERVICING YOUR ACCOUNT Imo( 10179 4 Your Portfolio Holdings CASH & CASH EQUIVALENTS alumni meows. DREYFUS CASH MANAGEMENTC1 A DICICE iNSTRIIIIONAL SHARES EST, 30 DAY AVG VELD 3.6200% TOTAL CASH di CASH EQUIVALENTS QUISTITY 155,790.01 WEB MIMED OSLO MKE VW/ MOM P CO I MD ea 1.0000 155.790 5,297 3.4001 $155.793 $5.297 EQUITIES met rot n01.3859 FINANCIAL TRUST COMPANY INC 3ThremexT et1000 Septrber 1.2005 THROJC01 Accattr V.A•INFI TAIMAYEA LAST STAR 14.0 Sermarrter 30.2005 Co Fib AKust 31.2005 Equities & Options The research ratings for Bear Stearns (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:LI= 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 vmere a 8SC 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: B - Buy: H Hold: $ - Sell. The ratings information contained herein is for informational purposes only and Is not intended to provide tax, legal or imestment 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 wwebearsteams.com or can call (800) 517-2327 to request that a copy of this research be sent to them. COMPTON SYLISOUCUSIP MST TIPC OUANTIY ACE WflU vaLC [smarm 1/101k. INCOME 0.0:5001 MD (Ml BEAR STEARNS COMPANIES INC BSC CASH 450,000 100.7500 49.387.500 450,000 0.9112 COLGATE PALMOLIVE CO CL CASH 106,200 52.7900 5.606.298 123,192 2.1974 BSC RAMS: STOCK 0/SECTOR MW FULCRUM GLOBAL PARTNERS. LW RATING: B CALL CCISATE PALM NO1/055"" ON 11/190005 CLIC55 CASH -200 0.4000 -8.000 Oil 1093060130 COI MW EFTA01260731 En I8 IJ 0.2 V; 0 -n C rn r ZOBTS£00- 019- ANGS BEAR STEARNS ONCE SERVICING YOUR ACCOUNT Bear. Steams & Co. ku. New York New York 10179 5 a 40 Your Portfolio Holdings (continued) Equities & Options Dointinuec0 COMMON SYMIOUCU9P ACC1 nx 01.11.460Y Neat WW1 SAM ESTWATE0 Waal POSSE CURRDR YIE10(%) DEERFIELD TRIARC CAP CORP 244572202 CASH 1,000.000 13.8500 13.850.000 ACCREDITED INVESTORS EQUITY OFFICE PROPERTIES TRUST EDP CASH 110,000 32.7100 3,590.100 220,000 6.1143 5BI BSC RAMC: STOCK P/SECTOR MW GREEN STREET ADVISORS. INC. RATING: ENVIRONMENTAL SOLUMIS ESWW CASH 100,000 0.6700 67.000 wiNILDwC4 INC ip&OST FIN RAU IFPSF CASH 100,000 4.4890 448,900 8.200 1.8287 EUR1 laNST CL KERNER INTERNATIONAL LTD KR CASH 10.000 55.5500 555.500 BSC RATING: STOCK P/SECTOR MW NED DAYS RESEARCH RATING: B MACK.CALI REALTY CORP CU CASH 88.100 44.9400 3.959.214 222.012 5.6075 BSC RAMC: STOCK P/SECTOR MW GREEN STREET NWISCOS, INC. RATING: H TOO INC TOO CASH 50.000 27.4300 1.371,500 BSC RATING: STOCK P/SECTOR MW GARP RESEARCH RUNG: B VECTOR GROUP LTD VGR CASH 159,589 20.0100 3.193.376 255.342 7.9960 VANN RESORTS LTD WYNN CASH 10.000 45.1500 451.500 BSC RATING: STOCK 0/SECTOR MN WALL STREET STRATEGIES RATING: H Total Equities& Options 582.480.888 51.278.746 TOTAL EQUITIES 582.480.888 51.278,746 021 10401/06:1140 001 &Van rrs V0440-sr ON40.0 Statictutv les lo Stoant Socusis: Co stcoaSIS sew Von 11201.310 FINANCIAL TRUST COMPANY INC STATEwfh7 nano Septerrter 1.2005 noTotwa Septerrear 3o. 2005 awn PIIMIOR TAYPAYER NUISER 011rb LAST STAMM? Await St 2006 • EFTA01260732 0 ii rn r EOBT SEOCIN9-ANGS BEAR STEARNS OFTTCE SERVICING YOUR ACCOUNT Beat Steams & Co. Inc. New York. New York 10179 6 a '0 Your Portfolio Holdings (continued) YOUR PORTFOLIOHOLDINGSESTIMATEO ANNUAL INCOME 51.284.043 YOUR PRICED PORTFOLIOHOLDINGS 582.636.678 Transaction Detail INVESTMENT ACTIVITY St171.11ANT 11>w 0911 C.411 TWISACTION 01301111110N 09/29/05 09/20/05 BOUGHT $11490UCUSIP CLEARED 1141w01 Nn v•VOtrf 0,910 Suisccory 9ew Sion Sorb, 03, 07e litotatti Caviar /..bm, froofr/r. 1,97 Vom 11201.3449 FINANCOL TRUST COMPANY INC STATENENT 1111300 SiottoMbY 1.2005 1141Ctral Sexembe 30.2005 ACCOUNT KAISER TAXPAYER MASER On tie LAsT $TATOWC August 31, 2005 OUMMY Mb= DENT AMMO MOM wean VECTOR GROUP CTO VGR 7,599 SEE NOTE t ON RACK SYRON ON 151990 585 REC 09(20105 PAY 09/29/05 AS CC 09(20105 TOTAL DEPOSITS AND WITHDRAWALS DUI 111ANSACTION DESCRWT1314 01ST MOUNT CREPT AMOUNT 09/06/05 FUNDS REC FNOSVARED TO CITIBANK FROM 246.043.09 027 10100.1040460 001 EFTA01260733 CtLaatO nommen ITS V643tLYWS° amso(Mv B R STM EARNS OFFICE SERVICING YOUR ACCOUNT Beer. Szeems 6 Co. Inc. New Yak New York 10179 7 cn: Transaction Detail (continued) DEPOSITS AND WITHDRAWALS (continued) DUE 09112/05 FND WIRED m0A4m8078538FNDSvARED TO TRANSACIICN DISCRPION COP MOW GREW MOAT S I l k 0 TOTAL 34.000000.00 5246.043.09 MONEY FUND ACTIVITY 1,000,000.00 POSTS£00- 019- ANGS FINANCIAL TRUST comFANy INC STATEMENT 02=0 Strp*MUI T. 2005 Ti4tOLOI September 30.2005 IKbWI WEER TaxPAYER want On rile tar smmicwr Augat 31.2006 DATE MOIMY 'WM0411011 CESOOPTIM MICAS 010=7 pe1R 0011 M T CAM AMOUNT 09101/05 OPENINCBALANCE 10.836.205.12 09101/05 SOLD DREYFUS CASH MANAGEMENT-CL A DI00( W 40,000.000 1.0000 µ 10.000.000.00 INSTITOTENAL SHARES 09/01/05 DIVIDEND DREYFUS CASH MANAGEMENT-EL A DIC)0( 12.745.80 INSTITIMNAL SHARES MONTHLY DIVIDEND 09/01/05 REINVEST DREYFUS CASH mANAGEmENT-CL A INSTITUTIONAL SNARES ormEND REINvEsT DIEU 1Z745.80 12.745.80 09/07/05 BOUGHT DREYFUS CASH mANAGEMENT.D. A DIC)0( 246.043.09 1.0000 246.043.09 INSTITUTIONAL SNARES 09/12/05 SOLD DREYFUS CASH MANAGEMENT-EL A DIOcc .1.000000 1.0000 1.000.000.00 Renn.moNAL SHARES 09/29/05 BOUGHT DREYFUS CASH MANAGEMENT-CL A DIEM 50,795 1.0300 60.796.00 INSTITUTIONAL SHARES 09/30/05 CUDSING8ALANCE 155.790.01 TOTAL S-319,584.89 511,012,745.80 027 100”06.1 sc co' VS96 EFTA01260734 C)0 -n z C in z -H r SOSTS£00- 019- ANGS I8 b.) IJ BEAR STEARNS OFFICE SERVaiG YOUR ACCOUNT Bear. Steams & CO. Inc. New York. New York 10179 Transaction Detail (continued) DIVIDENDS CAR [ems: me 049/29A7.5 VECTOR GROUP LTD VGR 161.990 0.4000 60.796.03 REC 09/20.05 PAY 0929.05 TOTAL SAIS0LaiS2P =ARM THROuOn ITS mai &MED SoliSCagre err iewer semis mope. wee Yew 201.3169 FINANCIAL TRUST COMPANY INC summer new00 Sweeter 1.2005 mecum September 30.2005 AOCOUNT WSW TAXPAYER totite On Fie LAST STATINENT Myst 31.2005 Ora! Stet In Ina MOST CREPT AMOUNT $60396.00 MISCELLANEOUS OAT( mom' TRAKAC110N OESCS1PrOst 09,01/05 JOURNAL TOTAL OE en ACM OISIST MUNI TOE 10.000.000.00 5-10.000.000.00 027 1 0,01.05.11 SO 001 • EFTA01260735 CLUJ= DOOM. RE IS•CtlY OWNED SAALSOARY CfFICE.SERVCING YOUR ACCO-N- -n C rn r 908TS£00- 019- ANGS Ill b.) 00 IJ Bff1/412 STEARNS M ork 10179 9 a' lo Your messages ma- Bear. Steams Securities Cap. Net Capital and Net Capital Requirements: At May 31. 2005 and July 31. 2005. the Cornpanys net capital of approximately 44.1 billion and $3.9 billion was approximately 6% and 7% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately 51.3 billion and S1.1 billion by approximately 52.8 billion and 52.8 billion. all respectively. A complete copy of the Bear, Steams Securities Corp. Statement of Financial Condition is available on the web site wmv. ativety, to request a free printed copy please call - toil free fa' TM 11201.1.40 FINA NCIAL TRUST COMPANY INC STATEsell Pt /t00 SW.001W 1.2005 Soxembee 30.2005 ALMS( MAW TAXPAYER %MYR On Fie LAST STATEW%7 AtAgInt 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 important that you fully understand the risks involved in trading securities on margin. these risks include the following: - You can lose more funds than you deposit in the margin account. - The firm can force the sale of Scarifies or other assets in your accOun(s). • The firm can sell your securities or other assets without contacting you. • You are not entitled to choose which securities or other assets in your account(s) are liquidated or sold to meet a margin call. - The firm can increase 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. 027 100/01,1150 0:01 EFTA01260736 BEAR STERNS OXFCC SERviel% YOUR ACCOUNT mar 10119 10 (-) 0 z m cim z H r LOSTS£00- 01D- ANGS This statement is provided to explain Bear. Steams & Co. Inc.'s cBSC) 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 (NBB0). 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. End of Statement ITar CLVACO ThltOtS1 rts 'ASOLLY OWSED SJSSOORY FINANCIAL TRUST COMPANY INC sinnuen 'moo sexember 1.2005 T.4.043.4 Sereornbee 30.2006 ACCOINT MAW TAX.Verlt MAIM en Fit LAST STATEWNT Ateig 31. 200S Pursuant to SEC Rule tact -E. please note the following: Bear, Steams & Co. Inc. will post its quarterly routing statistics at the following web link: http://www.bearsteams.comi. Click on Individual Investor. Cock 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 order was directed by you to that venue, and the time of the executions, if any. that resulted from such ciders, 027 , DD:05.11 SD D31 VS% EFTA01260737 0 -n C in r 808TS£00- 019- ANCIS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams b Co. Inc. New York. New York 10179 GLEAM° IIAMEGN FTS. WHMAY DARED EXITSS0WTY Ow. Simms Semmes . =¢V% MR To, 1120M559 FINANCIAL TRUST COMPANY INC ACCOUNT EXECUTNE ZICHERMANERA TELEPHONE V1SR OUR WEBSRE wwebearateamscom What's In This Statement Financial Summary 3 FINANCIAL TRUST COMPANY INC STATEMENT PACO TARGA/GM MTh WiT WwBER TAXPAYER WSW. Lam STATO.eNT MT 30.2005 !AVM 31.2005 On Foe At/ 29. 2C05 Your Porddio Hoktings 4 CIO AMERICAN YACHT HARBOR Transaction Detai 6 Fund Activity 6 ST THOMAS VI 00802-1348 Your Portfolio at a Glance Casr TOTAL VALUE OF SECURITIES THIS PEW° 78.378.705 Market Value of Your Portfolio 310.838.205 Eqvitelert —r4,752,649 MONEY MARKET FUND SNAKE 10.836.205 Equ .s $78.392.705 5.14000 $80.262.825 : 5.24000 NET EQUITY DOS PERIOD $89,214,910 MN Current marker vale NET EQUITY WI STATEMENT 84.991.474 MI Last staterrets mwket vase 1= Shan marte value OUNCE SALE LAST STATEMENT 4.223.436 There are no 'Stop loss' ceders or other pending buy or sell open orders on file for your account. Raw • Row el them o• seccAt Atic•M Wowed no CI• y• --kw C.,. taw. Wt. Mon Manw cap_ etincr, my W:144". sneers is br nintord p.nmes at. e S ra bonenum. townie is. nevem add be mune, he yap ten See reverwiNle Ike ...Nun /Cameos 027 0901,35.13•27 007 VMS EFTA01260738 CLCAR2 0 D.0=0.4 ITS 79/Catv 09900 Sub =Wirt . Raven I170144M FINANCIAL TRUST COMPANY INC IOStiZOO- V1.43 0 z ii C in z -H r _ 608TS£00 IN9 ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 021 09.01.0013 2/ 091 7/395 EFTA01260739 TO1NR0UNO0 OTSTS£00-019-ANCIS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT maw 10179 Cash Flow Analysis MS WOO Income Summary Das KLLO TVA DO DATE Opening Balance $0.00 Di/Wards 83,509.20 1,918,764.01 Crest Balance Ira. 0.00 2.395.40 Money Fund 1.052.710.20 Funds Deposited 47.71 Total 583.508.20 51.921.159.41 Dividerds4nterest 30.798.00 Foreir Tie. WeJvheld 0.00 .2.227.87 MIsceIlanecuS 7.000.000.00 Amount Credited 58,083,555.91 Portfolio Composition Money Fund -7.083,555.91 LONG %10n, Funds Withdraan -1.000.000.00 CasNCash Equivalent 10,838,205 Amount Debited 5-8,083,555.91 Equities 14,000 78.392.705 Closing Balance 5000 Total 514000 589.228,910 C27 03.01.106.13 27 001 =WO WOVON YMOU.Y OWNED SUBSOARY dinar moats. FINANCIAL TRUST COMPANY INC AMMONT WOO My 30.2005 WOUGH Iag1M 31, 2005 ACCOMY MAW MRS WOW MAW On OA serr STATOJENT July 29.2005 Your Portfolio Allocation 87% Un•a30 ,,4r. <role debt bases rob Ow nate .ares akkalkn pm:nap nom re NASH. rnaftet .41. of rxv prlele Vet5 EFTA01260740 rn b.) V.) LA 0 0 0 m C in r VESTS£00- 019- ANGS BEAR STEARNS OFFICE savims YOUR A.:.!,Cur r Siti rCrk 10' 79 4 <4 Your Portfolio Holdings CASH ti CASH EQUIVALENTS INSET MIAMI OJRREIO OESCRIPICed SWOOLLUSP WORM' PACE MA Mealid. MOW MO ma DREYFUS CASH MANAGEMENT-et A DiCxx 10,836,205.12 1.0000 10.836.205 346.759 3.2000 INSUIUTIONm SHARES EST. 30 DAY AVG HELD 3.3400% TOTAL CASH & CASH EQUIVALENTS 510.836.205 5346.759 EQUITIES ‘NEARY0 T.1101.4t1 ITS ?MOLLY °MED SLISSOar e. Steen Seaman C New TO. 11201-SIS9 FINANCIAL TRUST COMPANY INC STATOALNT 'MOO 30.2005 THRowet &gust 31. 2005 •CCOLAYT PURSER TAWAYER NJVBEB On Re LAST STATDINT lull 29. 2005 Equltlet & Options The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the Fern'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 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 (cares: B 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 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 at www.bearstearrts.com or can cal DESCARDON SIASOIXSAIIP covered by the ram's research is available to customers of Bear Stearns at no cost. Customers can access this research to request that a copy of this research be sent to them. I went MMO amnia TiPt ouume PRICE YAM Walk WORE 71020 BEAR STEARNS COMPANIES NC BSC CASH 450 moo 100.6000 45.225.000 450.000 0.9950 COLGATE PALMOLIVE CO CI. CASH 106,200 52.5000 5,575.500 123.192 2.2095 BSC RATING: STOCK OSECTOR MW FuWRum GLOBAL PARTNERS- LLC RATING: Et CALL COLGATE PALM NOV055 — UP 1171912005 CLKSS CASH -200 0.7000 -14.CW 027 000101.131? 001 vMS EFTA01260741 0.L•AEO /MOAN ITS wuCti. (YAWED SnoSnufre Tn I8 IJ -P- O m C in r ZISTS£00-019-ANGS BEAR STEARNS OTTCE SETNICISG YOUR ACCOUNT Bear. Steams & Co. tic New Tot New York 10179 5 ae Your Portfolio Holdings (continued) STMIVENT P8000 Atte NT NUS My 30. 2006 Pup.at 31.2005 TAYPAYTA Dents MT STATEWINT Ai 29.2006 Equities & Options (continued) DCSCSIPPCH SYMOUCIJS• ACC1 Timm PRICE UMW MAE WIPATDD MAX MOW COEDIT "woe DEERFIELD TRIARC CAP CORP 244572202 CASH 1,000.000 14.1100 14,110,000 ACCREDITED INVESTORS EQUITY OFFICE PROPERTIES TRUST ECO CASH 110,000 33.3000 3.663.000 220.000 6.0060 Ste BSC RATING: STOCK P/SECTOR MN GREEN STREET ADVISORS. NC. RATING: $ ENVIRONMENTAL SOLUTIONS EWAN CASH 100.000 0.6700 67,000 WORLDWOE INC 'FROST FM ITAL) FPSF CASH 100.000 4.5090 450.900 8.400 1.8829 EURI MVST CL KER2NER INTERNATIONAL LTD Kit CASH 10000 57.0500 570500 BSC RATING: STOCK P/SECTOR MW NED DAVE RESEARCH RATING: B MACK-CAU REALTY CORP CU CASH 88.100 44.0500 3.880.805 222.012 5.7208 BSC RATING: STOCK P/SECTOR MW GREEN STREET ADVISORS. INC. PANG: H TOO INC TOO CASH 50.000 26.6600 1.333.000 BSC RATING: STOCK WSECTOR MW GARP RESEARCH RATING: B VECTOR GROUP LTD VGR CASH 151.990 20.0000 3.039.800 243.184 8.0000 WYNN RESORTS LID WYNN CASH 10.003 47.7200 477.200 BSC RATING: STOCK OISECTOR MW WALL STREET SIRATEGES RATING: H Total Equltles& Options 578.378.705 11.266.788 TOTAL EQUITIES 578.378.705 $1.266.788 trwoAt lit. Yon 11201.3859 FINANCIAL TRUST COMPANY INC 017 0•01005.1121 001 V1•1 EFTA01260742 SOStiZOO- V1.43 0 z ii C in z r _ ETSTSECIO IN9 ANGS SBTMI URNS OFFICE SERVICING YOUR ACCOUM Bear. Steams & Co Inc. New Yak. New Kirk 10179 6 c. • Your Portfolio Holdings (continued) YOUR PORTFOLIOHOLDINGSEST 'MATED ANNUAL INCOME 51.613,547 YOUR PRICEDPORTFOLIOHOLDINGS $89.214.910 Transaction Detail DEPOSITS AND WITHDRAWALS DAR WWI ofSCItPTION 08.42105 FUNDS REC FNDSWIRED TOCATIBANK FROM GOLDMAN SAGS . CO LCT52140258800 MICiltir cam mourn 47.71 08/17105 FNO WIRED MDARM8066054FNDSIMIZED TO JPMORGAN CHASE BANK. NA AC739-110438 FD403421 TOTAL 1.000.000.00 S-1.000.000.00 547.71 MONEY FUND ACTIVITY GEE WHY IltURIACTICN maws OPENINGRALANCE 4.752.640.21 DISCRPOZOI SMODUCIMP O.D.rtED TectOtOSH rrtt Vora. te OwertO SteSeterty BY. seWns Startles NC,. Vert Inman', FINANCIAL TRUST COMPANY INC frirrEtrENT PeRICO fl y 30.2005 THROLGe horpst 31. 2CC5 ACCWIT eUrrelER rfleAVrit MASER Cm ne LAST STAvrtarai July 29.2005 <Warn OCR /MUM Ca ACM • 08/01(05 MADERO DREYFUS CASH MANAGEMENT-CL A DOM 52.710.20 KISTMATIONAL SHARES MONTHLY DIVIDEND e17 QWiC$i3D 401 yam EFTA01260743 9051,ZZOO-V.Ld3 OFFICE SERVICING YOUR ACCOUNT BEAR STEARNS Y Yrs York 10179 °sato nietyxA4 !IS MCA COW SLOODRY Os York 11101/850 FINANCIAL TRUST COMPANY INC 7 de STARDAO Pee MO AAT 30. 2005 THRODo ANwu 31.200 Transaction Detail (continued) TAXPAYER OMER On Fle MONEY FUND ACTIVITY (continued) LMT STATOOT AM 29.2006 DATE GIACOMO. SOMOJCOO DENT AYOMI CA DA SMOOT NDdY TRNISACON 06101105 REINVEST DREYFUS CASH MANAGEMENT-CL A DICA 52.710.20 52.710.20 0 INSMUTIONAL SHARES DIVDEPiD REINEST 0 060205 BOUGHT DREYFUS CASH MANAGEMENT-CL A INSTITUTP3NAL SHARES DICKY 47.71 1.0003 47.71 0611505 BOUGHT DREYFUS CASH MANAGEMENT.CL A DICA 30,798 1.0300 30.798.00 NSIMMONAL SNARES m 08/17/05 SOLD DREYFUS CASH MANAGEMENT-CL A DIM .1.000,000 1.0000 1,000,000.00 INSITUTIOTML SHARES C in 08131/05 BOUGHT 0851105 DREYFUS CASH MANAGEMENT-CL A DISTMMONAL SHARES .c.BALANCE DIM 7.000,000 10.836.205.12 1.0300 7,000,000.00 TOTAL S-7.083,555.91 $1,052,710.20 DMDENDS r _ VESTS£00 IN9 ANGS M4 MOOCH 5.1.80uCLSP DOOM ROI (SI DEW AMOUNT CAIDIT ISOM 08/15.05 COLGATE PALMOLIVE CO CL 106.200 0.2900 30.798.00 REC 07/26/05 PAY 08/15105 TOTAL $30.798.00 MISCELLANEOUS DATE WOW MAOSACTON DISCRPTION OOP MOM ONO AMMO 08/31/05 JOURNAL FROM 2,000,000.00 011 01101006:1127 COI EFTA01260744 LOStiZOO-V.L.43 0 z -n C in z -H r _ STSTS£00 IN9 ANGS DUCE SERvICMG YOUR ACCCUNT BEAR Bear. Steams & Co. Int. STEARNS New Ye& NEW Yak 10179 8 as Transaction Detail (continued) MISCELLANEOUS (continued) DATE MOCAY TRADEACEION DESCRWD‘ 0841105 JOURNAL FROM TOTAL 0181 MOE MOM 5.000.000.00 57 000.000.00 End of Statement MEOW THEOLCH ITS ?MOLLY OWNED SIALSEMEy SINES Swains Cap. Coe MoreOWA Carter North NM Vol 11201.38SE FINANCIAL TRUST COMPANY INC STATEMENT nom My 30.2005 Dotoucai Mom 31.2035 AGODEENI WESER MEM TAXEMER MeMBER Cri FEE LIST sTETTECET Ay 29.2005 027 Ctir01,05.13 27 001 NUS EFTA01260745 8051,ZZOO- V1.43 C) -n C in r _ TESTS£00 IND ANGS BEAR STERNS OFFICE SERVICING YOUR ACCOUNT Beat. Steams & Co. Inc. Nw work 10179 IT Fawn ONTONCo ITS %%POLLY OWNLO SURSOARY Dar York 11201-3450 FINANCIAL TRUST COMPANY INC ACCOUNT EXECUTNE ErlIERMAN.IRA TELEPHONE VISIT OUR MEM weebeanteoms.com STATDAENT POMO July 1.2005 neovom HQ 29. 2005 What's In This Statement Financial Summary 3 IIIIIIII el II FINANCIAL TRUST COMPANY INC ACCOUNT NUNSER 11111111111111116 TAXPAYER POSER On Tie LAST STATEIThrt Juno 30.2005 Yotr Portfolio Holdings 4 C10 AMERICAN YACHT HARBOR Transaction Detail 6 Fund Activity 7 ST THOMAS VI 00802-1348 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SEOJRRES THIS PERIOD 80.238.825 MONEY MARKET FUND BALANCE 4,752.649 CFI14 base — 54.752 j9 533.000.694 Nene NET EQUITY TM& PERM $84.991.474 NET EQUITY LAST STATEMENT 88.973.570 CHMGE SINCE LAST STATEMENT -3.982,096 There are no 'Stop Loss* orders or other pending tvy or sell open orders on Ede for your account. C'R.W. Ofn lint ;Cc/chew o %NON Id0W de eTIPene Teo ITC a Teo DT Cleo Sorest al Sear Son CVO. SIStOpn 11?0•4164 a I I 355.972.676 380.262.825 : 5-24.000 Current mete Tete IIIII List staterneres mete vaLt I=I Shoe MAO sat St Tie Tammy osomekew &one COX X le PM Tenn SD ,5-I *Onto nYis ilatoont 51010 be ramie kr Deur WOOD Set moss — AY Wend Smear, 027 07/300OlOCO CO, 1895 EFTA01260746 CLEARLO Ritetral RS %MOLLY aMCD SUSSOVOY Ych 11201.3859 RYANCIAL TRUST COMPANY INC 2 z m cim z H r LTSTS£00- 01D- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 021 070005:1009 C01 0125 EFTA01260747 WARED 7118CP.04 frS WMOLLY OnNy taa7CIARY 0 1 Sti ZOO- Vida BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT MS * 10179 0 3 ce Cash Flow Analysis 1715 fl Income Summary INS HMO YEAR To an OpeningBalance Securities Sold Money Find Funds Deposted DiadendsAmerest 50.00 1.160.186.47 30.256.439.25 91.655.92 581,335.41 Dhidends Credit Baton= it Total Foreign Tex Vittrtheld 679,673.05 81.77 5679.754.82 .2.227.87 1.835.255.81 2.395.40 51.837.651.21 -2.227.67 Miscellaneous 512.591.00 ii Amount Credited $32.602.208.05 Portfolio Composition SHOW Ipp Societies Bop -26.56.5,005.00 Cash/Cash Wain 4,752.849 in Money Fund Funds WIttckawn -1.909.975.38 -4.125.000.00 EONS 24.000 80,262.825 Miscebneous .2,227.67 Total 524,000 585.015.474 Amount Debited 5-32.602.208.05 Closing Balance 50.00 r _ WESTS£00 IN9 ANGS 027 07/3005 10C9 C01 on 20 4859 FINANCIAL TRUST COMPANY DC STAIIIN7.7 PC87C0 My 1.2005 TNROU07I .9/7 29.2006 AtC01.1.47 NVINER TAXPAYER NJIMIR On FIN LAST ST.Obleti Ant 30. 2005 Your Portfolio Allocation [gut= 94% ewer :cite". Ono cote tabula NAV 001 natal wive( Tr0 abtASY, Necansp entoN Km to Smola MAI( Mad yaut p7r0:47 V895 EFTA01260748 I I StiZOO-V.L.43 0 -n C rn r _ 6T8TS£00 IN9 ANGS BEAR STEARNS °rites SERVICING YOUR ACCOUNT Bear. Steams 8 Co. Inc. .cek 'tort 10179 4an Your Portfolio Holdings CASH & CASH EQUIVALENTS IM OD 13111.01D sawn OLSCRCI102. TOMOLAXG. OUANTITY Ma VALUE Mona MOIR TEM 09 DREYFUS CASH MANAGEMENT-CI. A OIC/Ct 4.752.649.21 1.0000 4.752.649 137,827 2.9000 INSTM.MONAL SNARES EST. 30 DAY AVG YIELD 3.20006 TOTAL CASH & CASH EQUIVALENTS 54.752.649 5137.827 EQUMES CLEARED 11.00..Cm ITS OWNED samovar Sew Sisier• Smnion New a R]41 FINANCIAL TRUST COMPANY LNC STATELINT 21010:2 My 1. 2005 n'0000.4 My 29. 2035 Areeyeer NIAMER TAX0,04.0 %WAR On rib LAST STATE1.047 Arne 30. 2005 Equities & Options The research ratings for Bear Stearns (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 folivris: 0 Outperform: P = Peer Perform: U Underperiorm. 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 UndenveigM. In cases where a BSC rating is present. the name of an independent Mid-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: B - 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 Steams is neither soliciting any action based on such information. nor endorsing any recommendation or opinion expressed by any independent thid-party research provider. The symbol indicates that continuing coverage or the subject company is temporarily not available due to legal reasons. IndLi.,....1eut. third-party research on certain nies covered by the firm's research is available to customers of Bear Steams at no cost. Customers can access this research at vnwz.bearsteams.com or can call to request that a copy of this research be sent to them. ACCT UAW (SWAYED CURRD0 OescerKei 511499-ranie not OumTUY mai mat maws mow yea 09 BEAR STEARNS COMPANIES INC BSC CASH 450,000 102.1100 45.949.500 450.000 0.9793 COLGATE PALMOUVE CO CL CASH 106,200 52.9400 5.622.228 123.192 2.1912 IISC RATING: STOCK 045ECTOR MW FM-CRUPA GLOSM PARTNERS, tLC RATING: H CALL COLGATE PALM NO4055"- CLEM CASH -200 1.2000 .24.000 UP 11119/2005 027 07/200&1000 0101 Yet4 EFTA01260749 0 -n C rn r ONTS£00-019-ANGS BEAR STEARNS New York New York 10179 OFFCE SERVICING YOUR ACCOUNT Bear St m ili arn Inc. CLEARED 9105,-CH n5 WMCLLY Doren SLIISCl555 Yrn 11201.31151 FINANCIAL TRUST COMPANY INC 5 e 4 9 Your Portfolio Holdings (continued) Equities & Options (contimed) A T OLSCRPTION MATOuCuSr me teary 942 WAILT VITAE 13mAtter MMMI la STA5Eldea PE*90 July I. 2005 nnter$5.4 Juts 29.2005 ACCO,Xf MA MIS •NEPAYER MAIM On Flo v r7 ETAYncr lyre 30,2005 ECM MOD MI DEERFIELD TRIARC CAP CORP 244572202 CASH 1.000.000 14.6400 14.640.000 ACCREC(TEO INVESTORS EQUITY OFFICE PROPERTIES TRUST EOP CASH 110.000 35.4500 3.899.500 220,000 5.6417 Sal BSC RATING: STOCK FYSECTOR NW GREEN STREET ADVISORS. IC. RATING: H ENVIRONMENTAL SOLUTIONS ESVAV CASH 100.000 08200 82.000 WORLDWIDE INC FILQST FIN ITAL) IFPSF CASH 100.000 4.4860 448.600 8.200 1.8279 CURT INVST CL KERZNER 941ERNATIONAL LTD KEL CASH 10,000 59.7500 597.500 85C RATING: STOCK PRECTCR NED DAVIS RESEARCH RATING: 8 MACK.CAIJ REALTY CORP CU CASH 88.100 47.9100 4,220,871 222.012 5.2599 SSC RAMC: STOCK PRECTC4t INI GREEN STREET ADVISORS, INC. RAMC: B TOO INC TOO CASH 50.000 25.7900 1.289.500 BSC RATING: STOCK P/SECTC* WIN GARP RESEARCH RATING: VECTOR GROUP tT0 VGR CASH 151.990 19.4100 2.950.126 243.184 8.2432 WYNN RESORTS LTD WAIN CASH 10.000 56.3000 563.000 BSC RATWG: STOCK &SECTOR MW WALL STREET STRATEGES RATUG: II Total Equities& Options 380.238.825 11.266,588 TOTAL EQUITIES 380.238.825 11.266,588 021 moos moo col vies EFTA01260750 0 ii C in r TZSTS£00- 019- ANGS IJ IJ BEAR STEARNS CfilCE SERVICING YOUR ACCOUNT Bear, Steams & Co. he. New York New York 10179 6 or Your Portfolio Holdings (continued) YOUR PORTFOLIOHOLDINGSESTIMATE0 ANNUAL INCOME 51 .404.415 YOUR PRICEOPORTFOLIOHOLDINGS S84.991.474 Transaction Detail INVESTMENT ACTIVITY CLEARED THROuei ITS vatar ove4tO asocure put SIESIIIIS Seca. frog Nov in 1201 3459 FINANCIAL TRUST COMPANY INC STARMISIT mem lull 1.2005 TheiCtrA4 July 29, 2005 penNurn nutatert tvolv.vER hvusER On FIc LAST sminer June 30 2005 WE litAbt DATE TPANSCRON eacieenew SnaKveusw CILWITITY Pict DEW MOUNT CPS( NAOMI 07119105 07/14/05 BOUGHT BEAR STEARNS COMPAMES INC BSC 250.000 106.20000 26.585.005.00 BEAR. STEARNS & CO. INC. IS A SUBSIDIARY OF THE ISSUER. 07/19105 07118/05 SOLD CALL COLGATE PALM NOVI:155'm %V55 -200 1.00300 19.394.16 11/19/2005 UNSOLICITED ORDER EXECUTED BY ISE OPEN CONTRACT 0712105 07/18105 SOLD CELGENE CORP CELG -25.000 45.63380 1140.792.31 UNSOUEITED WE MARE A ma IN DRS SECURITY AYG PRCE: DETAILS ON REQUEST UNIT PRICE 45.693800 DIFFERENCE - 0.060000 TOTAL 5.26.565.005.00 51,160,186.47 091 07400300,0 DOI von EFTA01260751 t I StiZOO- V1.43 BEAR STEARNS OFFICE SERVCING YOUR ACCOUNT Beet, Swams 6 Co. Inc. New York. New York 10179 7 C1 Transaction Detail (continued) DEPOSITS AND WITHDRAWALS MOISACTIV OtSCOODON OM AMOUNT CitC0 NWT CLEARED ThltOufsm meOur C*Voiel) SueSeolef Ilea k Swerna Sear*. leociton. ALTAR at 2014659 FINANCIAL TRUST COMPANY INC STAYS/EN' neon hay 1.2005 TF-AVJCIM Jul; 29. 2005 ACCCI.N1 'AJMER TAXPAYFA MASH On fie LAST STATIVENT June 30. 2005 O 07/01/05 ENO WIRED MDAPA030395331NDSWIRED TO 3,125,000.00 MN O 07106105 FUNDS REC ENDSYARED TOCRIBANK FROM MOO C° 91,655.92 Z 07/28/05 FNO VARED MDA$M4053064FNDSWIRED TO 1.000.000.00 n TOTAL $.-4,125.000.00 $91,655.92 0 M MONEY FUND ACTIVITY MONEY OM 1.030A? efteeEnCeel Manx SYMBOU0.190 000fine MMKf OM MOM? 09311 MOUNT H 07/01/05 OPENINGBALANCE 33,000,693.67 _ ZZST SEGO IN9 ANGS 07/01105 SOW DREYFUS CASH MANAGEMENT-CL A DIO0C .2.612.409 1.0000 2.612.409.00 MSTRIADTIAL SHAMS 07/01/05 DIVIOEND DftEYFUS CASH HANAGEMENT.CL A oica 96.419.41 INSMUMNAL SHARES ACHIM DIVOEND 07/01105 REPIVEST DREYFUS CASH MANAGEMENT.O. A INSITIUMNAL SHARES OIVIDEND REINVEST coca 98.419.41 9%419.41 07/08/05 BOUGHT DREYFUS CASH IAANAGEMENTCL A DICK( 91,655.92 1.0000 91.655.92 itsnrtnteat SHARES 07/15/05 BOUGHT DREYFUS CASH IMNAGEMENT.O. A DION 61,022.97 1.0300 61022.97 RaTiTurnata SHARES 911 07/30.0t10o9 col yam EFTA01260752 SI StiZOO-V.L.43 BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Dem. Stearns & Co. Inc. New York. New Tot 10179 CEERRED THY`JJGH rt8 WIDXIN On9ED EmbSiDtARY 8Da . Steigns 58.5otas toncon85 PCS Yon 11101.3859 FINANCIAL TRUST COMPANY INC SIAMM noon Ain 1.2005 wROLGH fil1f 29.2005 Transaction Detail (continued) ACCOV8T WvIDER TAXPAYER µAYR On Ede MONEY FUND ACTNITY (contrived) LArr STATEMENT Juno 30.2005 DATE 1100AY 1TRAISAC11011 DESOIPTION SYTAICLCAtir Cooany PRICE DUD MOLINE MOD AVOW 07/18/05 BOUGHT DREYFUS CASH AAANAGEPAENT-Cl. A DUO 405,503 1.0000 405,503.00 RISTIRRENAL SHARES 07/19/05 SOLD DREYFUS CASH IMNAGEMENT41 A DION -26.545.610.84 1.0003 26.545.610.84 0 07/21105 BOUGHT RISMUTD/LAL SHARES DREYFUS CASH MANAGEMENECL A 01:a 1,140,792.30 1.0000 1.140.792.30 INSTITUTIONAL SHARES -n 07/25/05 BOUGHT DREYFUS CASH MANAGEMENT-a. A ReaTrimONAL SHARES DCM 81.78 1.0000 81.78 07/28/05 SOLO DREYFUS CASH MANAGEMENT-CL A DI 00( -1.000.000 1.0000 1.000.000.00 C in z 07/29/05 BOUGHT 0729/05 INSTITUTIONAL SHARES DREYFUS CASH MANAGEMENT-CL A Mauna/AL SHADES DICC( 112.500 4,752,649.21 LC= 112,500.00 CLOSINGBALANCE TOTAL 5-1.909.975.38 530.256.439.25 DIVIDENDS r _ E ZST SEGO IN9 ANGS DATE DESOIIPTDDN InAllOACURP 07/14)05 nese FIN 'TAU IFPSF EUR tria CL REC 07/13/05 PAT 07/14/05 EAT CONIC RATE: 01,20000 FCROGN TAX MIHHELD WARM ItA71 100.000 0.0683 11/11 DEW AMCOR! 2.227.67 CREDIT MOM 8,250.84 07/15/05 DEERFIELD TRIARC CAP CORP ACCREDITED INVESTORS RD 06/22 PD 07115 RT .35000 CSH DIV ON 1000000 5115 CR 745-05 ON R-D 6-22-05 244572202 350.000.00 027 0713005:10.09 COI qIS EFTA01260753 9I Chi-COO-V.83 0 -n C rn r _ VZST SE00 IN9 ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT N York 10179 9 as =CARGO /14ROJCP4 Y*0 OANCO &AMOUR. N at 11201.3859 FINANCIAL TRUST COMPANY INC STAMM:I PERM AMY I. 2005 TIAOUON lay 29. 2005 Transaction Detail (continued) DIVIDENDS (cominuen ACCOUNT 4UYININ =Ea TAXPAYER Romig OnM IASI trmarkra Poe 30.2005 an CfSCRIMICM SEIMOLAIIMP CALMIRY flit (5) COM AMOUNT CMOs AIEUNT 07)15/05 EWEN OFFICE PROPERTIES TRUST FOP 110.000 0.5000 55.030.03 REC 0600/05 PAY 07/15/05 07t18705 MACK-CALI REALTY CORP CU 88.100 0.6300 55.503.00 REC 07/06/05 PAY 07/18M5 07/29/35 BEAR STEARNS COMPANIES INC BSC 450.000 0.2500 112.500.00 REC 07/19/05 PAY 07/29/05 TOTAL 5.2.227.67 5561.253.64 INTEREST EWE OESCRP110% 07/21TOS INTE DU BALANCE AT 0 . a 1 07/20 TOTAL SYMEKNOJEW CLAMMY VIE PA DWI MAIM CRUM MJ4IT 81.77 581 .77 MISCELLANEOUS Can MOW MEIESACTON MISCIIIMIOEs OM MOW CREW soma 07101)05 JOURNAL EROS 151.250.00 0701/05 JOURNAL FROM 361,341.00 TOTAL $512.591.00 On OIC3C05.10MO 001 MOS EFTA01260754 GEARED DIR0VDDI ITS nie“LY OWNID SulteeDVJef BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams 6 Co. Inc. New York. New Yore 10' 75 ACCOUNT EXECUTIVE DCHERMAN.M.A TELEPHONE War CUR WEBSITE wenv.boarstoarns.cm7 What's In This Statement I II IIII II 'Hill Financial Summary 3 FINANCIAL TRUST COMPANY INC Your Portfolio NOIBIngS 4 C/0 AMERICAN YACHT HARBOR Transaction Detail Fund Activity 7 QUAVERS 42 0 Your Messages ST THOMAS VI 00802-1348 rn IS IJ IJ m C in r SZSTS£00- 019- ANGS Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURRES THIS PERO° 56972.876 Cash a Eqpkelent 131000.691 350.672.901 MONEY PAARNEE FUND IMIANCE 33.000.694 Weis 555.972.976 553.792.272 IC mourn THIS PERIOD 288,973,570 Conant market %eta Stmenscots market Yak* NET EQUITY [AST STATEMENT 104.665.173 CHANGE SINCE LAST STATEMENT -15.691.603 There are no 'Stop Lose orders or other pending buy or sell open orders on file for your account. Pas rival ra alearee et eaDveeta epos mars Neal a 0~00 es,. 1$ ewer le Owe Senor a ear. San Sonars Cop. Oncetee. NV. 112014** 59 I I I I Mi c . 8 FINANCIAL TRUST COMPANY INC SDATEMEWD Kam Are 1. 2005 natousm lane 30.2005 cover rat4DER IM= SWAYED Wad On Fit user STATEMENT May 31.2006 Confirmation: Unless we hear from you to the contrary. it is cur uncterszanong that any free credit balances in your account are being maigaineo to faeltate your intention to insect Such amounts through SIE IND wary le a, reematotil WPM. DID ea rat alfled VS E tal accusers 75s etteentte Waal De retinal fie Dar refl See reveler. tee nvaun renewer 027 ele:nOSID 42 e01 EFTA01260755 CISARED TWICO0K ITS WH0U. 13.13SICalre ONIMININIS disitot 11101.3359 FRANCK TRUST COMPANY INC 2 et s 8 I chiZOO- Vida O -n C rn z -H r _ 9ZSTS£00 N19 ANUS STATEMENT BACKER IS PRINTED ON THIS PAGE 017 07331/05:1042 071 11193P EFTA01260756 CtIARID ricnC240. 'TS Ouy Ov.413 VASPARy 6I StiZOO- V1.43 BEAR STEARNS OFFICE SERvide4G YOUR ACCOUNT Bear. Stearns & Co. Mc. New Yak New Tart 10179 3 a a Cash Flow Analysis lie PO MO Income Summary wmte pot The OpeningTialance 50.00 DMdends 125.485.69 1.155.582.76 Credit Bakende M 0.00 2.313.63 Money Fund 18,079,47138 Cohidendennterest 60796.00 Total 5125.485.69 51.157.896.39 0 Miscellaneous Amount Credited 2.306.97 518.142.574.35 Foreign Tax Withheld 2.306.97 0.00 ii Money Fuld Funds Wthdrwan -134.030.02 -18.000.000)30 Portfolio Composition Cash/Cash Folivelent 33.000.694 C in Diudendsfinterest Charged Amount Debited .8.544.33 $-18,142,574.35 Equkies Total 55.972.876 588.973.570 Closing Balance $0.00 r _ LZST SEGO IN9 ANGS 027 0/1011)21042 001 sa ci on t. SieenliSeCutets * 01. 711". NOR VOA 112014159 FINANCIAL TRUST COMPANY INC STATEY₹147 Putoo Jiro 1.2005 1141110.117.1 lire 30. 2005 AtCOLI27 1cAMIRR TAXPAYER ,oaa Cant LAM suabeff Wry 31.2005 Your Portfolio Allocation (quilts 62% ElAroled orlon Oexio OWE :ono. "tee WI naive •a '7• getealin - dad, ken Vo oeuipto Atrial ..A. cold. veaav EFTA01260757 TO1NR0UNO0 8Z8TS£00-019-ANCIS BEAR STURNS OFFICE SERVICING YCOR ACCOLne Mir liCTT 1C'79 4 Your Portfolio Holdings CASH & CASH EQUIVALENTS IIASSIT (SWARD CURREN! ',escapees SITAIOCASTSP 0.Inery PRICE VW( AMIUM. WOW 110.0 fO DREYFUS CASH MANAGEMENT-CL A DICCE 31000693.67 1.0000 33.000.694 957.020 2.9000 INSTMMONAL SNARES EST, 30 DAY AVG TEED 3.0400% TOTAL CASH & CASH EQUIVALENTS $33.000.694 $957.020 EQUMES cameo DROSS". ITS VROLLY OWNED SUSSESARY immeilsor Yen 1 I 201.3.459 FINANCIAL TRUST COWART INC STATEMENT PER,C0 AAP 1. 7005 nsiescia am 30.2005 ACCOLW SWISS IIIMMISOP2 TAXPAYER WISER Cin File LAST STATTAILST way 31. 2005 Equities & Options The research ratings for Bear Stearns (BSC) are shown for °erten securities covered by the Firm's Equity Research Department. The fist 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 — 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, %here such research is available. The various providers have normalized their ratings systems as follows: B Buy: H — Hold: S Sell, The ratings alternation 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 cc opinion expressed by any independent, tnirtl-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 catered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at vnwz.bearsteams.com or can call (800) 517.2327 to request that a copy of this research be sent to them. casounieri SAABOU0.444 R 0umami PDX VAW WSWE [ARRAS', UMW BO AXIOM MOW YEW BEAR STEARNS COMPANIES INC BSC CASH 200.000 103.9400 20.788.000 200.000 0.9821 CELGENE CORP esc RATING: STOCK WARRIOR MO CRC CASH 25.000 40.7700 1.019.250 ARGUS FUNONAENTAL RESEARCH RATING: B 027 07.47105:10 42 OM flew EFTA01260758 C) -n C in r MISE00- 019- ANGS IJ IJ IJ BEAR STBMINS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. Now York New Ycek 10179 5 al l STAMEN' SER,00 THSOLKIN kine 1.2006 lune 30, 2005 Your Portfolio Holdings (continued) ingnir 'owlet /Amy°, to.nteot On Fie LAST STATDANT May 31.2005 Equities 8 Options (continued) ACTA WIRY WW1° CURREM DESORMON MVP:CUSP MI OUANINT Piet µADS MOM .WE YEW 00 COLGATE PALMCANE CO CL CASH 106.200 49.9100 5.300.442 123.192 2.3242 BSC RATING: STOCK 0/SECTOR MW FULCRUM GLOBAL PARTNERS. LLC RAMC: H DEERFIELD TRIARC CAP CORP 244572202 CASH 1.000.000 15.6900 15,690.000 ACCREDITED INVESTORS EQUITY OFFICE PROPERTIES TRUST EOP CASH 110.000 33.1000 3.641.000 220.000 6.0423 SEll BSC RATING STOCK P/SECTOR MW GREEN STREET ADVISORS. INC. PATIN: S ENVIRONMENTAL SOLUTIONS ESWW CASH 100,000 0.9000 90.000 WORLDWIDE NC IFt(TST FIN RAU FPSF CASH 100.000 4.2010 420.100 8.200 1.9519 EUR1 INVST CL KERZNER INTERNATIONAL LTD CASH 10.000 58.9500 569.500 SW RATING: STOCK P/SECTOR INN NED DAVIS RESEMOI RATING: IVACX-CAU REALTY CORP CU CASH 88.100 45.3000 3.990.930 222.012 5.5629 SSC RATING: STOCK PSECTOR MN GREEN STREET ADVNORS. MING: B TOO INC TOO CASH 50.000 23.3700 1.168,500 BSC RATING: STOCK P/SECTOR MAY GARP RESEARCH RATING: IS VECTOR GROUP LTD VGR CASH 151.990 18.5700 2.822,454 243.184 8.6160 021 0701,05.1042 001 1991, CLIMES neucn is VniCLLY °NCO SLISICIART OasT s T IrbTx 'metes . off. Sep Ten 112014S59 FINANCIAL TRUST COMPANY INC EFTA01260759 IT1 8 b.) 147 IJ IJ IJ BEAR STEARNS OFFICE SERVICING YOUR ails/enc. ilialliork 10179 CLEnt2D Nankin...4 RS nnOur ove.40 SUILS0ar IONS ainiiren 11201.1669 FINANCIAL TRUST COMPANY INC z -n 6 d6 Your Portfolio Holdings (continued) Equities Si Options konfax•HO ACC comma SYSIOUOSP TiM gNIUIY PRIM WART VALIX tram= utast IKCIAIE CURRENT YEW NI STATELENT PERM THROXim ACO:t.ta main n WPM= KAMER LAST STAWANT la 1.2005 It. 30, 2005 On File May 31.2005 WYNN RESORTS LID WOW CASH BSC RATING: STRA STOCK OISECTOR NTH WALL STREET TEGES RATING: H Total ECIllitieSb Options 10.000 47.2700 472.700 555.972.876 61.016.588 TOTAL MIMES 555.972,876 $1.016,588 C rn z YOUR PORTFOLIOHOLDINGSESTIIAATED ANNUAL INCOME $1,973,608 YOUR PRICED PORTFOLIOHOLDINGS 588.973.570 r OESTS£00- 019- ANGS Transaction Detail DEPOSITS AND WITHDRAWALS DAR TRANSM1011 013CR•13.4 Mr MOM 06/14/05 FND WIRED AADAam6022611FNDSwIRED TO 18.000.000.00 Ottorl Mann TOTAL 5-18.000.000.00 027 0701.05.1642 00I 511193IP EFTA01260760 CLCARED TWROVGH OS vmOuLA OWNED PAPACcasy BEAR STEARNS °Fitt sotsnom YOUR ACCOUNT Bear. Steams & Co. Inc. New York New York 10179 Beat Slear StaviSts IftoOr. Nero at 20 -NM FINANCIAL TRUST COMPANY INC 7 a e STATEIIENT OMOD JunJET151, 2005 IHROuOn kap 30.2005 Transaction Detail (continued) acccura µAMR MONEY FUND ACTIVITY TAAPAYM KAMER 011 Pb tar /Amer. Min 31.3305 N OE OMA litaA6AGTICAT eaCreelar sysituCUSIP amen. PUCE OEM MACONI MUIR ST 06/01105 OPENINGBALANCE 50.872.901.01 06/01.05 DNIDEND DREYFUS CASH MANAGEMENT-CL A 0IC 73.234.02 MSTM.MONAL SHARES MONTHLY OMOEND -n 06101/05 REINVEST DREYFUS CASH MANAGEMENT-CL A MSTITUDONAL SNARES OMDEND REINVEST CCM 73.234.02 71234.02 06/14/05 SOLD DREYFUS CASH MANAGEMENT-CL A DIMOC 48,000.0® 1.0000 18.000.000.00 MSIMMONAL SHARES C rn 06127/05 SOLD DREYFUS CASH MANAGEMENT-CL A eanTUriOnAL SHARES DIC:Of 4.237.36 1.0000 6.237736 Deans BOUGHT DREYFUS CASH MANAGEMENT-CL A DIMOC 60,796 1.0000 60796.00 INSTITullOwd. SHARES 06/30/05 CLOSINGBALANCE 33.000.693.67 r TOTAL S-134.030.02 518.079.471.38 DMDENDS TESTSEOCIN9- ANGS OATS GUMPTION 06/24/05 'MIST RN TIM.) EURI iNvsT CL RD 0925 PO 0926 RT .06830 CSH DIV ON 100033 SHS REV REVERSE DIV OIL AS PER AGENT 27.00% TAX symmucuse 'NSF GuANTriv RATE CV DWI AYOUNI CRAM MOM 8,544.33 as 0701/06:1042 OM NOW EFTA01260761 T4iNROUNO0 ZESTS£00-019-ANCIS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT alit04 10179 Transaction Detail (continued) DIVIDENDS (continued) CLEANED 7144tOUGst its wuCsoi ONNF-0 SoisOCIARY i VL 11201.3850 FINANCIAL TRUST COMPANY INC ST:TF ouctOIT P4,00 Ate 1. 2005 TH Itre 30. 2005 ACCOUNT NNW SW Tara, µapt On Flo LAST STATE:ea May 31.2006 0Alt OCSITRIPTO1 $61110.61.06. OSOCITY 211L (3) 04231 NOM 06011 06/29/05 VECTOR GROUP LTD vGR 151.990 0.4000 60.796.00 KC 06/20/05 PAY 06/29/05 TOTAL 5.8.54 4.33 360.796.00 MISCELLANEOUS OAF WOOAT TRANSCVON 06/24/05 )0URNAL CCSOISPTON IFIL(1ST FIN DAL) EMT MST CL RD 05/25 FO 0926 RT .27000 DIV/ra NRAD REV REVERSE Of2 01 AS PER AGENT 27.00% UM COO AltuTT CR1OCS 04/010.7 2.306.97 TOTAL $2.305.97 Your messages WS' Bear Steams receives payments or other remuneration from the advisers, distributors or other affiliates of certain of the mutual funds available through Bear Steams. Such payments or remuneration are for administrative. technological or ether services provided in connection with fund accounts and are generally calculated based on the amixint of assets held in the accounts. Such payments or other remuneration are in addition to shareholder servicing and distribution fees that Bear Stearns may receive. Funds whose affiliates do not make payments to Bear Stearns, including funds that may pay a higher or lower retrn. may be available to you. 027 07/01.01.10 42 001 NOW EFTA01260762 BEAR STEARNS CADGE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. New York New York 10179 WARM TROCAKAI fl waxy Owe SUSSOLMte Nat Means Stones . Passr ca 001 LiMg FINANCIAL TRUST COMPANY INC ACCOUNT DECUTNE ZICHERMAN.IRA TELEPHONE VEIT OUR %WROTE wwAbcarsteams.com What's In This Statement Financial Summary 3 I.I...Iliillirliillril, FINANCIAL TRUST COMPANY INC STATEMENT PERMS) THROW.P4 A4C0..str Arian TAXPAYER Hung LAST STATEMENT Awl 30.2005 May 31.2005 On Fee Awl 29. 2005 You Portfolio Holdings 4 GO AMERICAN YACHT HARBOR Transaction Detail 6 Fund Activity 8 ST THOMAS VI 00802-1348 0 -n C in r EESTS£00- 019- ANGS b.) IJ Tn IJ Ln Your Portfolio at a Glance TOTAL VAUJE OF SEOJRITES THIS PERIOD 53.792.272 CaSh A Env/alert Market Value of Your Portfolio sso.nacin 518.460.998 MONEY MARKET FUND BALANCE 50.872.901 553.792.271 554.279.920 Mn EQUITY TWOS PERIOD $104.665.173 CAMPS Mallet %ue NET EQUITY LAST STATEMENT 72,740.918 Ell Leg Augment& TOW vaam CHANGE SLICE LAST STATEMENT 31.924,255 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Res icier. ins awes a swim Mdama As essal welt le cow lento. Y amp Man Satan Co, Saithis. PLY. IMMO% we Wieners 111Y11011791100111P11:010$ Pry. n PI tillided as am CIALLSMII file This stamen Mold se egad Rs Roo men Sat eP4Pse A60 b ematart IsNantlion OPT 0601060903 COI EFTA01260763 CLEARED TIMIXIMI ITS VOOLLY MIMEO SLIMDARY sus sidtfan I1201.3ESE FINANCIAL TRUST COMPANY INC 2 0 z m cim z H r VESTSEOCINDANGS 8 IJ V.) In L.) a STATEMENT BACKER IS PRINTED ON THIS PAGE 027 ODOLOSMIDO OM VETS EFTA01260764 GUAM TAROLENT ITS v4Csy OmMD SUSSEVAY BEAR STEARNS OFFICE SERVICING YOOR ACCO.INT Bear. Stearns & Co. Inc. New York. New Ycrk 10179 Cash Flow Analysis MS POMO Income Summary MS PESSCO TEAM IODATE OpeningBalance 50.00 Dividends 314.84752 1.030.097.07 Credt Balance Int. 3.72 2.313.63 SecuraJes Sold 1.766.991.00 Total 5314.851.34 31.032.410.70 Money Fuld 16.582.154.21 0 Funds Deposited DwideNsAnterest 47.654.397.59 264.346.05 Foreign Tax Withheld -2.306.97 -2.306.97 ii Amount Credited Securities flour 586267.878.85 -72.020.00 Portfolio Composition Cash,Cash Equivalent 50.872.901 Money Fund -48.943.551.88 C Equities 53.792.272 rn Funds 1Mthdrthm liacellantrous -18.250.000.00 .1.002.306.97 Total 5104,665.173 r SESTS£00- 019- ANGS Amount Debited 3-68.267.878.85 Closinolieltexe $0.00 swap. the Mt 11201045a FINANCIAL 1RUST COMPANY INC STATEMENT or .OD April JO 2005 TAPOLOAI May 31.2505 ACCONO MAW EmPAYEA IM On Fie LAST STATEMENT Aga 29.2005 Cash b Eaunale 49X Your Portfolio Allocation Fortes 51% u.•+ae ;awe. edam Not marAN•M•ht E.T.A ,Mn. 1M McAmo. pro•NAN AMA", ANT 0. .mw nine' Nan Al "Ur vcrIAN 027 or.tlos 0901 001 ve7S EFTA01260765 to I8 b.) IJ .0- 2.2 00 O -n C in r 9ESTSEOCIA19- ANGS BEAR STEARNS OFFICE SERMCING YOUR ACCOUNT Bear. Steams & Co. Inc. 4 uric Your Portfolio Holdings CASH & CASH EQUIVALENTS Waal MN= CUM IT otscrunam SYISC442147 04a071 eN L YAWL Nang WWI 00.0 00 DREYFUS CASH MANAGEMENT-CL A DIC0 50,872,801.01 1.0000 50,872.901 1.322.695 2.6000 INSTITUTIONAL SHARES EST. 30 DAY AVG YIELD 2.9000% TOTAL CASH & CASH EQUIVALENTS 150.872.901 51.322.695 EQUMES Waft, 1700204 CTS 070,47 0044:0 SultitIXAMI But Slam Searbes Cap AMPIPIJIMIS FINANCIAL TRUST COMPANY INC 572rnirseT 701,00 30.2205 n00444 ?An 31.7005 ACCOWT hinalte Tams. N.MM Pi n LAST STAT000 Apc2 29.2005 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 — Outpedomp P = Peer Perform; U - Undeperform. 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: B ir 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 infrmatIon, 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 Stearns at no cost Customers can access this research at iwnv.tearsteams.com or can call (800) 517-2327 to request that a copy of this research be sent to them. 0,5022000 STUOCIJCII97 ACCT TYPE OUANTTY MCI 144207 vµ04 tAIWATID CURPDrt OWL NO:AIC TED 227 BEAR STEARNS COMPANIES INC BSC CASH 200.000 99.0400 19.808.000 200.000 1.0097 CELGENE CORP CELG CASH 25.000 42.3400 1.058.500 BSC RATING: STOCK P/SECTOR MO ARGUS FUNDAMENTAL RESEARCH RATING: B 027 000143420,03 001 0011 EFTA01260766 BUM"( STBNIZNS DEFACE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. I« Yen New Yolk 10179 5 H Your Portfolio Holdings (continued) Equities 8 Options (ccadnued) OISCI11111,1 ST1A101/CUSIS Ø MI CRIAMY SIDTI «Ku MAI ES1SAA110 ANNUAL ØE CURRENT .E10 N COLGATE PALMOLIVE CO Cl CASH 108200 49.9700 5.306.814 123.192 2.3214 BSC RATING: STOCX 0/SECTOR MN FULCRUM GLOBAL PARTNERS. Ut 0 RAMC: H DEERFIELD TRLARC CAP CORP 244572202 CASH 1.000.000 15.0000 15.000.000 z -n ACCREDITED IPATESTORS WITTY OFFICE PROPER1IES TRUST sal BSC PAMG: STOCK P/SECTCli Lem COP CASH 110.000 32.4900 3.573.900 220000 6.1557 GREEN STREET ADVISORS. INC. RATING' $ rn ENWIONMENTAL SOWTIONS NDRLOWDE INC ESVM CASH 100.000 0.6200 62.000 z IFIL(IST FIN ITAL) EuR1 ITIVST CL IFPSF CASH 103.000 4.1380 413.800 8.400 2.0300 KERZNER INTERNATIONAL LTD K71 CASH 10.000 61.5800 615.800 BSC RATING: SW PJSECTOR MN NED DAVIS RESEARCH RATING: 8 r MACK.CALI REALTY CORP BSC RATING STOCK PiSECTOR MW GREEN STREET ADVISORS. NC. CU CASH 88.100 44.0900 3.884.329 222.012 5.7156 RATING: B TOO INC TOO CASH 50.000 19.8800 994.000 BSC RATING: STOCK P/SECTOR MW CARP RESEARCH RATING: B VECTOR GROUP LID VGR CASH 151.990 17.1500 2.606.629 243.184 9.3294 LESTS£00- IA19- ANGS 0.CARED TW401.K.Al ITS ~Ley OM IIA0SCVAIT Ss Sans ~WA NR..,. So 112014149 FINANCIAI. TRUST COMPANY INC STATTACAT P1400 April 30.2005 TniecLASTI May 31.2005 aStOssa POWDER • TASTES m.~0, On fie LAST STATCSENT Avi 29 2005 021 06101/06,0903 001 MIS EFTA01260767 OEStiZOO- V.L.43 BEAR STEARNS OFFICE SERVICING YOuR ACCOUNT diraiikal Etnc. ak 10179 ri nsmn ThROUtoi as visetve OWNED SuliSOWAY dissitc II 201.34141) FINANCIAL TRUST COMPANY INC STATIDANT PES000 WI 30.2005 nat043,4 May 31.2005 6 a Your Portfolio Holdings (continued) ACCOSNT MASSER tAYSAYER KAMER Del Fie Equities 8 Options (continued) LAST SYSTEME RT Awl 292005 AccT DISCRIPTCA snAmoo..yo of DOWRY MARKET PRICE VW/ ESTWATED Weal PONE WEIRDO SSW re WYNN RESORTSLTO WYNN CASH 10.000 46.8500 468,500 850 RATING: STOCK 0/SECTOR ?PH WALL STREET STRATEGES 0 RATING: H Total Equities& Options 553.792.272 51.016,788 TOTAL EQUITIES 553.792.272 51.016.788 E I YOUR PORTFOLIOHOLOINGSEST MATEO ANNUAL INCOME 52.339.483 m z -H YOUR PRICEDPORTFOLIOHOWINGS 5104,665.173 Transaction Detail r INVESTMENT ACTIVITY _ 8£STS£00 IN9 ANGS SEMID/00 RAM DATE DATE Twassierot D(SCRPTION SMABOLICLISP Cell MCSJT 05/02/05 04/27/05 SOW CELGENE CORP UNSOLICITED WE MAKE A tACT IN TiaS SECURITY AVG PRIM: DETAILS ON REQUEST UNIT PIKE 39.363000 DIFFERENCE - 0.060000 ENVIRONMENTAL SOLUTIONS 11ORLOWDE NC UNSOLEITED AVG PRCE: DETAILS ON REQUEST 05/09/05 05/04/05 BOUGHT CO.G -25.000 39.30300 982.528.92 Envw 56.400 0.70;03 40.613.00 007 swoursomm 901 vem EFTA01260768 I EStZZOO-V.L43 BMR STUUNS OFFICE SERVICING la" ACCOUNT Rar &Rann er Co. Inc. New Y New York 101 7 I 7 o.•C r .VI TefetCH rrs Wma.LY wem SUIISIOWN eitOtert Ida? rm 112014855 FINANCIAL TRUST COMPANY INC stereerr sereco Apn 30.2005 Transaction Detail (continued) INVESTMENT ACTIVITY (eontInued) unteuoit 11599 IlitOVON /ae.>, 7.4.MER TAXPAYIA NWIE9 J.ST STAMM? May 31.2005 0 FM AM 29.2005 art 0Alt neuisAeneei 21:50991121 59.90.00.519 0.4NMY PeCt orerAMarT CM* 041090 0511205 05/09105 SOLD VECTOR GRCUP LTO unswann VGR 40000 15.75000 784.462.06 SEE NOTE 'V ON BACK O 05/16105 05/1 105 800GHT ENVIRONMENTAL SOLUTIONS WORMTIDE UNSO NC UCTTED ESVAV 12.500 0.70000 9.005.00 05/17105 05/12/05 MUCKT AVG PRICE: DETAILS ON REQUEST ENVIRONMENT/4 SOLUTIONS MN/ 8.200 070000 5.909.00 T Z WORADIAIDE INC UNSOUCITED AVG PRICE: DETARS ON REQUEST 0 05/18/05 os/13es WUCHT ENvIRONFAENTAL SOLUTIONS WORUTMIDE D INC ESieW 22.900 0.70000 16.493.00 UNSCUCITE AVG PRICE: DETAILS ON REGUEST TOTAL 5-72.020.00 11 766 991.00 DEPOSITS AND WITHDRAWALS r _ _ 6£815£00 1A19 ANGS 00.9 099:5•001 CCSO9101 LEN/AMIINT CIEDIr AMOUNI 06/04/05 END WIREO MOA*M9000730ENDSVARED TO 8.250000.00 05/18105 FUNDS REC ENDSWIRED TO CITIFIANK FROM SM' c") 47.854.387.59 05/20/05 FNO WIRED MDA.M80' OF I '." .,,mo TO mär 10.000.000.00 TOTAL 5-16250.000M 547.654.387.59 027 Oel01.05.0.0.1 Ce31 Hn EFTA01260769 rn IJ IJ IJ -n C in r 0178TS£00- O19- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUHI Bear. Steams & Co. Inc. cs. ....ew 0179 8 •: Transaction Detail (continued) MONEY FUND ACTIVITY 0Alt 600CAT Twesacnas O€SDYIO.I STIMICUCAISP OLomm. Fs= LAST Miner san 29. 2005 OM M1001 CSECO niCVNT 04/3005 OPENINGBALANCE 18.460.988.05 0502405 BOUGHT DREYFUS CASH MANAGEMENT-CL A DION 982.528.92 1.0000 982.528.92 ISSMIMDMAL SHARES 0502/05 DIVIDEND DREYFUS CASH MANAGEMENTCL A DICE( 50.505.29 RISTRUTIDNAL SNARES 1047111Y DNIDEND 0502/05 REINVEST DREYFUS CASH MANAGEMENT-CL A DIC)M 50,505.29 50.505.29 INSTITUTIONAL SHARES DIVEEND REINVEST 05/0305 BOUGHT DREYFUS CASH MANAGEMENT-CL A DION 225.000 1.0000 225.010.00 INSMUTIONAL SHARES 05104/05 SOLD DREYFUS CASH MANAGEMENT-0. A DISTM.MONAL SHARES CCU -6.250/300 1.0000 8,250,030.03 05/09/05 SOLD DREYFUS CASH MANAGEMENT-CL A -40.613 1.0000 40.61100 DISTITLMONAL SHARES 05/1205 SOLD DREYFUS CASH MANAGEMENT-CL A DK:XX -224.542.92 1.0000 224642.92 MITTUTIONAL SHARES 0503/05 BOUGHT DREYFUS CASH MANAGEMENT-CL A Oaf 24.889 1.0000 24,88900 INSTITUTIONAL SHARES 05/18105 SOLD DREYFUS CASH MANAGEMENT-CL A DIC30C -10493 10000 10493.00 INSITTUDWAL SNARES 05/19/05 BOUGHT DREYFUS CASH MANAGEMENT-0. A INSTITLMONAL SHIRES WO( 47654.38159 'L0000 47,854,387.59 05/20.05 $01.0 DREYFUS CASH MANAGEMENT-el A INSTiTIMCNAL SHARES DIGOC -10,000,000 1.0000 10.000.000.00 05/2705 BOUGHT DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIC)X 6241.08 1.0000 6.241 08 DEA/no n-le0Lem rte 1.440u), OwNED SuSSown, Ow. Slams Soz.rIfis Cars 1 10 cal FINANCIAL TRUST COMPANY INC STATEiert HERO AM 30.2005 niciOuOn May 31, 2005 ACO:ctir suweaci TwArlit PauMBER 02) 0601/05.09-03 001 yen EFTA01260770 CLEARED !MOWN ITS YM&Ly 0A140 SWNWAY BEAR STEARNS OFFICE SERVICING YOUR ACCOLPIT Bear Steams & Co. Inc. Transaction Detail (continued) MONEY FUND ACTIVITY (couinued) GAIT MOUT IIMNSACTON ocsommori SP Warm 05/31/05 ClOSINGBALANCE 50 872.901 01 TOTAL DIVIDENDS -n C rn OUT OLSCRINON NAMOUI-.US11 :JANINY SAM it 05/07J05 DEERFIELD 11 ARC CAP CORP 244572202 1.000.030 0.2250 ACCREDITED INVESTORS RFC 03/24/05 PAY 04/29/15 05/13/05 COLGATE PALMOLIVE CO Cl 106,200 0.2900 REC 04/26815 PAY 05/13/05 05/28405 IFtQST FIN ITAL) IFPSF 100.000 0.0683 EUR1 IINST CL we REC 05/25/06 PAY 05/26/05 EM CONY RATE. 01.25100 FOREIGN TAX WITHHELD r TPSTS£00- 019- ANGS 8 IJ IJ Sea l Seeerw Rohn. Alm York 11201.3859 its FINANCIAL TRUST COMPANY INC stArewne mew ADM 30.2005 -1410.1G.4 May 31.2005 ALCOWT MJI TAXISAYER nuween On F5e LAST STATEMENT *0 29,2005 MKf can mow OHM WOW 5-48.943.551S8 516.582.154.21 coo LACPUK7 MCA Al/O"." 225.000.00 30.798.00 8.544.33 2.106.97 TOTAL 5.2.306.97 5264.342.33 INTEREST OATS Discerner' SmacticuSe Ounranx NAIL DOW miOuon CROW AMOUNT 0523/15 INTEW DIT BALANCE 3.72 ACCT AT 0 21 -05320 TOTAL 33.72 027 060106:0903 CO1 EFTA01260771 0 0 z m C in z -H r ZPSTS£00- 019- ANGS EAR SBIMMS OFFICE Sava& YOUR ACCOUNT Sear. Steams & Co. Inc. Meg10179 10 ✓.c Transaction Detail (continued) CLELAL3 , LACLAIL OS LOACW 02040 ASSIDWry DOCl2r, IeLw 'on 11231-3859 FINANCIAL TRUST COMPANY INC STATtotwr 0200:0 AprO 00.2005 TI-ROWN Wry 31.2005 Arrant swath TWArE0 oLwatit Co AM MISCELLANEOUS LW STATCO211 AA. 29.2005 DATE LACCAY nopcsente 02100101011 05/12/05 JOURNAL TO Up= PER TOTAL OUR &COM 1.000.000.00 CREDO AVOW s•tozo.000.00 End or Statemon 027 COW 0/.C903 COI V278 EFTA01260772 SEStiZOO- V1.43 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bete. Steams & Co. Inc. 0179 ACCOUNT EXECUTIVE 2ICHERMANIZA TELEPHONE VISIT OUR WEBSITE vnwebearsteams can What's In This Statement I I I Financial Summary 3 FINANCIAL TRUST COMPANY INC Your Portfolio NOUNS 010 AMERICAN YACHT HARBOR Transaction Detail 6 Fund Activity 7 ST THOMAS VI 004302-1348 0 Open Orders Trades Not Yet Settled 9 9 I I Tz m z r _ EPSTSECIO IN9 ANGS OLEAttE0 ni3OUCH rn Vnieter OWNED SLIIStotow WO SIMMS Sootbos FINANCIAL TRUST COMPANY INC STATFUPST P1900 4/1 1.2005 THROtIOS AO 29. 2005 ArrOttll swam TAX/AYtit au4NA Oil Fde 1.43T tfalt%/eut Myth 31. 2005 Your Portfolio at a Glance TOTAL VALUE Ct SECURITES ISM REMO 54.279.920 Market Value of Your Portfolio CamA Egitrtat-S MONEY MARKET FUND BALANCE 18.460.998 (WKS 554.279.920 $53.671.854 NET NUM THIS PERIO0 572.740,918 MO int market Wee NET LOAN CAST STATEMENT 78.276.874 Last stiamonn meets Sus CHANGE SINCE LAST STATEMENT -5.635.966 "rat. last ssYS • et CS thllotS um..stSCOted SO manned td C es ritGs to non Sentra St O 9- Stones boon," Sty II/014M a 'Si WINO. far lebeledeiMiPlePION meat 11111awde4 as a tax OCCute, C. The Wee-eel OWN MOW ete Me Men See IMMO SOW nriant.reeeraben Ore Ole4001c11,24 001 vi, EFTA01260773 MGM 714014.1‘44 ns WSCIAY °MED SLUSIDLOCY wawa NOV Tv', 11201414.9 FINANCIAL TRUST COMPANY INC 2 a4 9£StiZOOV1.43 0 0 z ii C in z -H r _ trI7STS£00 IN9 ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 127 04,1OES 1114 0O4 \117/ EFTA01260774 rn I8 b.) IJ -7 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams 6 Co. Inc. New York. New York 10179 3 at Cash Flow Analysis nes new Income Summary POICO 'DR IODATE Opening Ba lance 50.00 DividercIS 212.035.40 715.249.45 Credit Balance hit. 0.00 2.309.91 Securities Sold 25.352.21 Money Fund 6.907.937.03 Total 5212,035.40 5717.559.36 Drridenis/Iiterost 160.503.00 0 z ii MIscelaneous Amount Credited Securities Bought 475,0170.37 57.566.792.61 -1.856.405.00 Portfolio Composition CashiCash Ernartilers 18.460.998 Nokias 54.279.920 C rn z Morey Fund Funds Withdrawn Amount Debited -712.387.61 S-7.569.792.61 Total S72 740.919 Closing Eta lance $0.00 r SPOTS£00- 019- ANGS 027 043D0511 24 ont CLEAAID 11.110uCal ITS %MOLL 0 ,140, Sea , Siaire Sooamos DOW" NM Yet 11231.1.132 FINANCIAL TRUST COMPANY INC STATEKNT FEROO ASni 1.2005 114•01.1311 Airi 29. 2005 *CALM NUMBER TAx•Ann yogurt On Foe LAST S'ATEYEN7 PAISth 31. 2005 Your Portfolio Allocation Cash 6 WM 26% U-s 'antra ein.. OW tarn !rob shin rtalast tiitaa in, stoat). pinny i eiorreW tte *Knit nnel Ku, pals. V877 EFTA01260775 SEStit00V.L.43 0 -n in r _ 917SISE00 INS ANGS BEAR STEARNS cora sERYimG YOUR ACCOUNT Mit he. e rk 10179 Your Portfolio Holdings CASH & CASH EQUIVALENTS IMO(' STOWED CURRENT OLICIEPTIMI STAIOJCUSP Ouvanv PACE YAW! AMU* MOPE MED IV DREYFUS CASH MANAGEMENT•CL A CCU 18,460,998.05 1.0000 18.480.998 461.525 2.5000 949TITVEIONAL SHARES (Si, 30 DAY AVG YIELD 2.690D% TOTAL CASH & CASH EQUIVALENTS 518.460,998 1461.525 EQUITIES OLLOtED THROuCrt ITS WIPIU.P WACO SuktitaAv Yol 11201.33St FINANCIAL TRUST COMPANY INC VETO/EV PAS CO Apl 1.2005 TmA0J0/4 rpI 29, 2005 AccouNT www to:PAYER wow, On rte LAST storranT Much 31. 2005 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 rel.= relative to the other stocks covered by that Analyst. The key for the stock rating values is es 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 Ovenvelght 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: B is 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 or opinion expressed by any independent. third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available duo to legal reasons. Independent, third-party research or s at wwer.bearsteams.corn or can call DES010110.1 SYMODUCIPPIP covered by the Firm's research is available to customers of Bear Stearns at no cost. Customers to request that a copy of this research be sent to them. WOWED CURREN, Tin mummy MCI OWL flea %MAE YEW C%) can access this research BEAR STEARNS COMPANIES INC BSC CASH 200.000 94.8800 18.932.000 200.000 1.0564 CELGENE CORP CELL CASH 50,000 37.9100 1.895.500 BSC RATING: STOCK P/SECTOR 1A0 ARGUS FUNDAMENTAL RESEARCH RATING: El 027 0400/091114 00I VIET EFTA01260776 Tn I8 IJ IJ -n C rn r MT SE00-019-ANGS BEAR STEARNS OFFICE SERVIENG YOUR ACCOUNT Bear. Stearns & Co. Inc. New Y New York 10179 5 cf 2 =ARM THROUGH its /Attu. —.-- &a3wM Ile aSlerniSeculta Mme. WY Yon 11301.3552 FINANCIAL TRUST COMPANY INC STATEnE//T PER/00 AO I. 2005 Your Portfolio Holdings (continued) Equities & Options (continued) ACC/ orsaencre memos. IYIN GUMMY ECRU WARM vat% arsualo ASPILIAL 114001* no/Oven 4/11 29.2005 ACCOUHT st.weER ■ Tnxin2YEA 2.untelt On file LAS' STA-EstEnT Match 31.2(05 omen MEI OR COLGATE PALMOLIVE CO CI. CASH 106.200 49.7900 5.287.698 123.192 2.3298 BSC RAMC: STOCK 0/SECTOR Mw FULCRUM GLOBAL PARTNERS. LW RATING: H DEERFIELD TRIARC CAP COMP 244572202 CASH 1,000,000 15.0000 15.000.000 ACCREINIED INVESTORS EQUITY OFFICE PROPERTIES TRUST EOP CASH 110.000 31.4700 3.461.700 220.000 6.3553 SIN BSC RATING: ST= PNECTOR MN GREEN STREET ADVISORS. NC. RAMO: S IFIL(IST FIN ITAL) FPSF CASH 100.000 4.1940 419.400 8.800 2.0982 EUR1 MIST CL KERZNER INTERNATIONAL LTD KII CASH 10.000 55,0900 550.900 BSC RA11NG: STOCK WSECTOR MW NED CAWS RESEARCH RATING: B MACK•CALI REALTY CORP al CASH 88.100 43.9900 3.875.519 222.012 5.7286 BSC RATING: STOCK P/SECTOR IAN GREEN STREET ADVISORS. INC. RATING B TOO INC TOO CASH 50.000 23.0100 1.150.500 BSC RATING: STOCK WSECTOR MN GARP RESEARCH RATING: B VECTOR GROUP LTD VOR CASH 201.990 15.7300 3.177.303 323.184 10.1716 WYNN RESORTS LTD %MINN CASH 10.000 52.9400 529.400 BSC RATING: STOCK LVSECTOR MW WALL STREET STRATEGIES RATING: B Total Equities& Options 554.279.920 51.097.188 TOTAL EQUITIES $54.279.920 $1.091.188 027 04,1005.11 24 021 Yel? EFTA01260777 OtStiZOO-V.L.43 0 ii C in r _ 817STSECIO INS ANGS BEAR STEARNS Dina SERVICING YOUR ACCOUNT Beat. Steams b Co. Mc. M iirgiar 0179 6 Your Portfolio Holdings (continued) YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME 51.558.713 YOUR PRICED PORTFOLIOHOLOINGS 572.740 918 Transaction Detail INVESTMENT ACTIVITY 0.C.ARt0 Troteuca.RS wetuy 00041.0 SUMCIARY 0,CO1," Yn Yart 11201.3ln? 9111111111111 FINANCIAL TRUST COMPANY INC fitA,30 AO 1.2005 11490Jam Apl 29. 2005 Accamr PANOVX TAVAnA roe a,* STATMENT March 31.2005 SITROAOrt TUX BAR DAR TRAIGAGION CESCASION 5.1.19CLCUSP 0.1Amin PAX( OW mourn 04/14A)5 0411105 BOUGHT CELGENE CORP CELG 50.000 37.12800 1,856,405.00 UNSOUCITED WE MAKE A MKT w THIS SECURITY AVG PRICE: DETAILS ON REQUEST IWO PRICE 37.068000 DIFFERENCE - 0.060003 04/15/05 04/12/05 SOW CM= AMOUNT URDENBURG THALMANN ANL SVCS LIS -48.477 0.54110 25.352.21 AVG PRICE SHOMI-DETAILS ON RED ACTUAL CONFIRM TO YOUR AGENT Ut4SOUCITED TOTAL 5.1.855.405.00 525.352.21 DEPOSITS AND WITHDRAWALS DAN nusiscree DESCIIPTON Dir AVOW 0421105 FND WIRED NOA*MB991972FNOSIPIRED TO 2.000.000.00 CRIta 4101111 Oil 04a603:11:24 001 Yin EFTA01260778 I tStiZOO-V.L.43 0 -n C rn r _ MT SE00 IN 9 ANGS STEARNS OFFICE SERVICWG YOUR ACCOUNT Sew, Steams & Co Inc. New York, New York 10179 7 al 9 Transaction Detail (continued) DEPOSITS AND WITHDRAWALS (cowman MN TRIASACKIM OESCRIPT131. 04126105 END WIRED MDAIMS994467ENDSYAFtED TO OW MOM 3.0003:03.00 CREPT mown REARED ing0J6n r's 'MOLLY OsN£0 SUPSSIXARY Seat. Srzeant Sedfins Am art )0 FINANCIAL TRUST COMPANY INC S7ATWIerir MASCO April 1.2,005 "raCtr.ol AO 20.2005 ACCCMCF MASER TAXPAVIIII µNOVI On rk LAST STATUANt Nardi 31,3005 TOTAL DENT AMOUNT ANDTT ALOJI0 5-5 000 000.00 MONEY FUND ACTIVITY out 1.00AY MUMS DISCAPI1Y4 svulletartel CRINartv PIKE 04/01/05 OPENINGBALANCE 24.805.015.07 0001/05 BOUGHT DREYFUS CASH MANAGEMENT-CL A DION 475.000 1.0:80 475.000.00 EASTITLMONAL SHARES 0410165 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICDL 51,532.40 MSMUTIONAL 'Jaws MONTHLY ONVEND 04101105 REINVEST DREYFUS CASH MANAGEMENT-CL A CCM 51,532.40 51,532.40 DISMUTIONN. SHARES WIDENS/ RENA/Est 04/14/05 SOLD DREYFUS CASH MANAGEMENT-CL A DICEY 4856.40443 1.0000 1,856,404.63 NSTITuTIONAL SHARES 04/15/05 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICZI 80352.21 1.0000 80.352,21 INSTITunONAL SNARES 04/18/05 BOUGHT DREYFUS CASH MANAGEMENT-CL A MAX 55,503 1.0000 55.50300 MSTITunONAL SHARES 04121105 SOLD DREYFUS CASH MANAGEMENT-CL A ECM -2.000000 1.0000 2.000.000.00 INSTMMONAL SHARES 04/26.05 SOLD DREYFUS CASH MANAGEMENT-CL A DIGOC -3.003.000 1.0000 3.000.000.00 INSMIMONAL SHARES 027 04.0006.11.24 001 .81171 EFTA01260779 rn 8 IJ 10 IJ IJ -n C in r OSSISE00-019-ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Boar. Steams b Co Inc. New Y t Nw York 10179 8 el T Transaction Detail (continued) MONEY FUND ACTIVITY (continued) S ▪ OE OW IMIILACN DENRIPTC/V 04/29/05 BOUGHT TINIMUELIP REARED 114•00:In as w.csv EVAtED SURNIXARY von 112014855 FINANCIAL TRUST COMPANY INC STATDIENT PERIOD AO 1.2005 11IROUSI An 29.2005 Aimee NYINER WW1 YAMMER On E9E LAST STATITICHT FANG 31.2006 OUNOITY FeE DINT AMOUNT MOT PA 8I DREYFUS CASH MANAGEMENT-CL A DICOC 50.000 1.0000 50.000.00 INSTIIITIONAL SHARES 04/29/05 TOTAL CLOSINGBALANCE 18.46O.998.O5 S-71E387.61 56.907.937.03 DIVIDENDS DEn IXSODPICH enaha/custy wean PATE m DEN PACUICT CREDIT 1110.94 04/15)05 EQUIP/ OFFICE PROPERTIES TRUST EOP 583 REC 03/31/05 PAY 04/15/05 04/18/05 MACK-CAU REALTY CORP CU REC 04/05105 PAY 04/18/05 O4/291O5 BEAR STEARNS COMPANIES NC BSC REC 04/19/05 PAY 04/29/05 TOTAL MISCELLANEOUS OAR LOWY TRAMSICTIDII OOCArnss 04)01/05 JOURNAL FROM 04/01/05 JOURNAL FRANI. 110.000 0.5000 55.030.03 88.100 0.6300 55,503.00 200.000 0.2500 50.000.00 5160.503.00 DEN NANO° CREDO AVOW 150.030.00 325.002.00 027 04/3605:11:24 001 V9/7 EFTA01260780 rn 8 b.) IJ C) -n C rn r ISSTS£00- 019- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steam & Co. rc. New York. New York 10179 9 C. Transaction Detail (continued) MISCELLANEOUS (contMued) DM IIODAT lIned3ACIION Marty Drell MKX.Iii CREDIT MOW 04/01/05 CASH-LIEU LADENEI/JRG TEMLAAANN FINL SVCS 0.37 CASH IV UEUCf .60003 /ECTOR GROUP LTD REC 03I8/05 PAY 03)30175 SmN.OfF FM V002114 TOTAL $475,000.37 Open Orders EICAT DAR DESERPTION 04/18/05 VECTOR GROUP LTD VGR SELL -50.000 15.7300 ORDER PRtE 15.75 G000 TILL CANCEUED radOCIAXISP (weer I.WCCI PRICE Citat0 TrOtOuroi ITS 'MOLLY 0/046D OSSIDARY St t Sawn*, 10:0,0r, New 101 11201.3652 FINANCIAL TRUST COMPANY INC stArnaNT ;am Apil 1.2005 iCIJS14 APri 29. 2005 /CCOuNT wincest TAnAvtit msuarA en Fie 1.3T StAlT.Aer MarCh 31.2005 Trades Executed Pending Settlement SETILIIIDIT TOO( DATE LATE TRAICIACIION OISCRPTCA1 05/02/05 04/27/05 SOLD SWIIOUCUSP CELG • Dummy PIK( OEM IMOUI0 CREW AM:INT CELGENE CORP Hue" cow WE AMKE A MKT IN THIS SECURITY AVG PRICE! DETAILS ON REPAST LAW PRICE 39.363000 DIFFERENCE - 0,060000 -25.000.00 39.3030 982,528.92 TOTAL $0.00 5982.528.92 The APO ads 04 rot Ems I, Si ate Nero a/ P sinnwat 027 04/300511 24 COI EFTA01260781 0.8.0150 TM9,40,4 OFFICE SERVICING YOUR ACCC..AT Bear. Steams & Co Mc BEAR New York. New York 107 7E? STEARNS 9,141418 CAMO 4434,01 M Ore% Inv York 112014859 FINANCIAL TRUST COMPANY INC STATOR-14 PERICO Mach 1.2005 THROV0M Nroch 31. 2 Das ACCOUNT EXECUTIVE ZICHERMAN1RA It LEPVICNE VISIT OUR WE &WE www.tearstearnscom What's In This Statement IIIIIIIIII tlltII 11111 ACCOLTe NUIMI9 TA/COAYOt 1114/0C9 on File Financial Summary 3 FINANCIAL TRUST COMPANY INC LMT sysimida Febnany 28. 2005 Your Portfolio Holdings 4 C/0 AMERICAN YACHT HARBOR Transaction Detail 6 Fund Activity 6 0 Your Messages 8 ST THOMAS VI 00802-1348 -n C in r ZSSTSEOCIN9- ANGS Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURITES 7N6 PERIOD 53.671.859 Cash 4 Waive /24.606.015 524.416,032 MONEY MAMIE( RIND BALANCE 24.605.015 E011:05 $53.671.859 S54229,457 Nn FOUrTY Tuts Remo $78.276.874 MI Current market yame NET CONY UST STATEMENT 78,715,489 IN LW statements mute value CHANGE SINCE UST STATEMENT -438.615 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. run nXe a0 01 # 4,00:4 er 0004 0, ,00,4 lO14td MO elbeftal bps b C. • G. set. n Omni Swot si 844t Sees &at Co. aster, NY 11201.X6. SIK nil %WM/IV M b Fro' pirpows 0•14.110 nel Kan*, Nana dent. TIN tlattroen $49:10 N maned %I 5041 neords. See mono olds br orpwartiftn004a 021 00010509 49 031 0116 t EFTA01260782 REARED DIROuem IPS WHOLLY INC SLSOARY 904 > SYYWH $0,16111 irOCOr. Nig Tµ I I221.)450 FINANCW. TRUST COMPANY INC 2 a s StStiZOO- V.L.43 0 -n z C in z -H r _ £SSTS£00 IN9 ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 027 OO01/W00 49 COI \ 176 EFTA01260783 9tStiZOO-V.L.43 0 -n z C in z r _ PSSTS£00 IND ANGS BEAR STBIRNS ork CffiCE SERVICING YOUR ACCOUNT 10179 3 t Cash Flow Analysis MS PIRKO Cash Balance Summary enhoz Opening 8a lance 5381.73 Cash 381.73 000 Money Fund 38096.33 Net Cash Balance 5381.73 $0.00 Funds Deposited 51.02 Dlydendsinterest 80.836.21 Amount Credited 5118.883.56 Income Summary Money Fund -119.36.5.29 MS a Ma TO 0111 (addends 118892.33 501214.05 Amount Debited 5-119.3455.29 Credit Balance M. 40.21 2309.91 Net Cash Achly -381.73 Total 5118.932.54 5505 523.96 Closing Balance 50.00 Portfolio Composition CashiCash Enntalent 24.805.015 Equales 53,671.859 Total 578.276.874 on CAC1,1509 49 001 CLF.ME0 MOOCH rts 116161.2.Y 0.100.11 Su6.1216.2tY York 11202.1659 FINANCIAL TRUST COMPANY INC $7119.49.21 PEFOCO Muth 1.2005 neounm Norm 31. 2005 ACC-W2 TAXPAYINI mall On Ile LAST STATIST Totem 28.2005 CS & 32% Your Portfolio Allocation Equities 58% unosou: Pran a•nou toin way 262.2 .wt. nun poW1101,1 ye • 61, 0.11 l . or swim MEM1•1 .S.It a YOU' Catil EFTA01260784 LtStiZOO-V.L.43 0 -n C in r _ SSSTS£00 IND ANGS BEAR STEARNS OFFICE memo vouR Accouvr New york 107 7 q 4 et Your Portfolio Holdings CASH & CASH EQUIVALENTS MARXET MIAMI WINN" OCSORIPTION SYWOWCUSIP WORM PIY.L VALLE WAAL WOW YIELD 110 DREYFUS CASH MANAGEMENT-CL A DICW 24.605.015.07 1.0000 24.605.015 516.705 2.1000 iriSTOUTIONAL Snares EST. 30 DAY AVG vete 2,6700% TOTAL CASH & CASH EQUIVALENTS 524.605.015 5516305 EQUITIES CWASO 11R003.4 r14 vaittsv wun 444.0:444tY 84.4Stearrs Swedes . ettotyt New not 114014854 FINANCIAL TRUST COWAN"( INC SVATVPS.? PER*, MAYER 1.2005 ii4b3l3314 March 31.2005 ACCCANI hued,' • TAXPAYER WOOER On Flo LAST STATEVEAM Fetrua0 28. 2005 Equities & Options The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the tirm5 Equity Research Department. The first rating represents the stack'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 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, thrd.party research provider and thee rating may also be displayed. Movie such research is available. The various providers have normalized their ratings systems as follows: B ii. Buy: H - Hold: S - Sell. The ratings information contained herein is for informational purposes only and Is not intended to provide tax. legal a •invesunent advice. Bear Stearns is neither soliciting any action based on such information. nor endorsing any recommendation or opinion expressed by any independent. thi-d-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 nies covered by the Firm5 research is available to customers of Bear Steams at no cost. Customers can access this research at werw.bearsteams.com or can call to request that a copy of this research be sent to them. .8441 411.4101/CUSH MK DISCRPTOI ourenny Pea 144SAI VALLI alWARD laNUAL PEVA CURRENT VELD (IR BEAR STEARNS COMPANIES INC BSC CASH 200,000 99.9000 19,980000 200.000 1.0010 COLGATE PALMOLIVE CO CL CASH 106.200 52.1700 5.540.454 123,192 2.2235 DEERFIELD MARC CAP CORP 244572202 CASH 1,000,000 15.0000 15,000,000 AZOREDIIED INVESTORS On 040104$4440 ae1 VON EFTA01260785 StStiZOO- V.L.43 0 ii m r _ 9SSTS£00 IN9 ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT x. ork 10179 ar.APE0 TvriOueri rts VMOULY 0W4t0 SUSSOIOIY 1120' -3859 FINANCIAL TRUST COMPANY INC Z7A-EwENT PER100 Mach 1.7005 notOuCos Math 31. 2005 ACCOofr Vanot Your Portfolio Holdings (continued) &WAYS rai0ER Co Fie Equities d Options (tontines) LAST STAMAINT Fetnrify 28.2005 ACC, DESCNMpM Snarl:SP PM CIUMMY Wan VALUE ESELIATID MINIM WOLK EINREM MO MI EQUITY OFFICE PROPERTIES TRUST EOP CASH SBI 110.000 30.1300 3.314.300 220.000 6.8379 BSC RATING: STOCK TYSECTOR TAN GREEN SWEET ADVISORS. INC. RATING: S IFILEIST FIN ITAL) IFPSF CASH 100.003 4.4330 443.300 8.800 1.9851 WM MYST a RERZNER INTERNATIONAL LTD KA CASH 10.000 61.2300 612.300 BSC DATING: STOCK WSECTOR MW NE0 DAVIS RESEARCH RATING: 8 LADENBURG THALMANN Fait SVCS LTS CASH 48.477 06800 32.964 MACKCAU REALTY CORP CU CASH BSC RAMG: STOCK P/SECTOR MW 88.100 42.3500 3.731.035 222012 5.9504 GREEN STREET ADVISORS. INC. RANG: N TOO INC TOO CASH 50.000 24.6700 1,233,603 BSC PAW.: STOCK P/SECTOR MW GARP RESEARCH RATING: B VECTOR GROUP LTD VCR CASH 201.990 15.3800 3.106.606 323.184 104031 WYNN RESORTS LTD WYNN CASH 10.000 67.7400 677.400 BSC RATING: STOCK WSECTC6I MW WAU. STREET STRATEGIES RANK B Total EquItle315 Optima 553.671.859 $1.097.188 TOTAL EQUITIES 553.671.859 51.097.188 YOUR PORTFOLIO HOLDI NOS ESTIMATED ANNUAL INCOME 51.613.893 YOUR PRICEDPORTFOLIOHOLDINGS 578.276,874 027 04031/060. 40 031 tall EFTA01260786 6tStiZOO-V.L.43 0 0 L I C in r _ LSSTSECIO IN9 ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams b Co. Inc. New Yak. New Yak 10179 6 v a Transaction Detail INVESTMENT ACTIVITY CLEARED 01700C.n its vOO.I. 00100 Sulits2ine Nat Soarn Secunns Eroder. at reek 11201.3859 FINANCIAL TRUST COMPANY INC STATEMENT PEROD With 1.2006 THAOU1P1 Warch 31.2005 AtCO...ff Nuking" 7,000KR NtAWCR Co Fla LAW 5727EwV.IT Ferny 28,2005 5210.0200 natcc DATE DATE IRMS7C11311 CescRirnm snmouttnta oussrm DER AMOUNT CREW WOW 03/30/05 03/22/05 BOUGHT LADENBURG THAUAAHN FINL SVCS SPINOFF ON 201990 SITS VECTOR GROUP LTD SPIV-OFF MR V002114 REC 03118/05 PAY 03330V6 AS OF 03/22/05 TOTAL DEPOSITS AND WITHDRAWALS DAR 0311C1DS FUNDS REC ENDS1lARED TO CITIBANK FROM IIIAMIAC11C0 0210100271 :101010,0 C.020 MORO 51.02 TOTAL 551.02 MONEY FUND ACTIVITY DATE VODAY rt013101100 DISCOWTIII SWASOLOJSIP CILIMATIV IEICF OEM MOW MOOT AVOW 03/01105 03/01105 03/01/05 03/01/05 BOUGHT DIVIDEND REINVEST OPENINGBALANCE DREYFUS CASH MANAGEMENT-CL A NSTRUTIONAL SHARES DREYFUS CASH MANAGEMENT-CL A NSTRU710NAL SHARES MONTHLY CWIDENO C4TEYFUS CASH MANAGEMENT-CL A P6TITUTIONAL SHARES DMDENO REINVEST CCU DK* DIC/OI 24,485,649.78 381.73 38.096.33 1.0:03 381.73 36096.33 38.096.33 027 04010673.0121 00I V075 EFTA01260787 OSStiZOO-V.L.43 0 -n in r _ 8SSTS£00 IN9 ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co Ix. M ./..0179 74B Transaction Detail (continued) MONEY FUND ACITATY (contirworl) OAR PAYDAY TIWISICTICN DESCRPTKA 03730/75 SOUGHT SVIABOU0.81 CLEARED 111RCAKAI ITS VII.O.L OMR:0 SISICARY &tr. Sawn Stones co 110.111111.001,, Via FINANCIAL TRUST COMPANY INC sTATElawr PrAIOD March 1.2005 THROJOI Mirth 31.2005 AcCOuNT µP.M TAXPAYER WilEal LAST STATWINT Tetruery 28.2005 QUWITrf PRICE DEW Aker MOW a DREYFUS CASH MANAGEMENILCI. A °IOC( 80.887.23 1.0000 80887.23 INSTIRITILWAL SHARES 03/31105 TOTAL CLOSINGBALANCE 24.605.015.07 S-119.365.29 538.096.33 DMDENDS DATE etscarpnce 03/30/05 VECTOR GROUP LTO RE0 03/18)05 PAY 03/30/05 TOTAL S80.796.00 STIMOUCUSP Rummy PATE (V Mils? MAXI'," Cif Oil Mara VCR 201.990 0.4000 80.796.03 INTEREST OM! 0130evny. 03/21/05 INTEREST r 40.21 ACCT AT Olig gia TOTAL CrADOLOSIP CUA•TrY RATE IV DEEIT CREW AWLS' EFTA01260788 I SStiZOO-V.L.43 0 -n C rn r _ 6S8T SE00 IN 9 ANGS BEAR STEARNS ernes SERVICING YOUR ACCOUNT C. N Y N York 10179 8 Your messages 12? Bear. Stearns Securities Corp. Net Capital and Net Capital Requirements: At November 30. 2004 and January 31. 2005. the Companys net capital ol approximately S3.8 bilion and S3.8 bilion was approximately 6.4% and 6.3% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately 41.2 billion and S1.2 billion by approximately $2.6 billion and S2.6 billion, all respectively. A complete copy of the Bear. Stearns Securities Corp. Statement of Financial Condition Is available on the web site www.bears atively. to request a free printed copy please cal - toll free End of Statement 01? fA•50 TNROutai T5 IMATALY CANSO SUS.WARY r Ei m i s Siermis Searle% Madtfpn. NI. at 20 4119 FINANCIAL TRUST COMPANY INC STATEIAEST NERCO Mirth 1.2005 TIROUCAt Mad% 31.2005 ACCOLAIT WYNN EmcsAWR NOMA On FES LAST STATEMENT 500rUify 28.2005 040111150949 COI NM EFTA01260789 CLk.Ant0 THROuGH ITS "Ca Oaf= 54.41SOARY 0 -n C in r 098TS£00- O19- AN0S BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear Steams & Co. Inc. New Y New York 10179 ACCOUNT EXECUTIVE ZICHERMAN.INA TELEPHONE VISIT OUR WI °SITE www.bear‘teatr..com What's In This Statement Financial Summary 3 Your Portftho Holdings 4 Transaction Detail 6 Fund Activity 7 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES INIS PERIOD 54.229.457 NET CREDIT WAKE 382 MONEY MARKET FUNO BALANCE 24.485.650 COSS S ECtottalent — PC mum( INIS PERIOD 578.715,489 NET ECM LAST STATEMENT 63.466.004 OMNC£ SINCE LAST STATEMENT 15.249.485 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. tae.e tot ry 4 of cycks ustl.s. ocica as come., to e w Cie sm• Cieof Sane*. ibt Soar Inns Sec..M. &oder. V 11:t/.351, E5t.thes 11...11.,.1,,I,II ,,,,, 1.1...11..11..1..11..I. FINANCIAL TRUST COMPANY INC 00 AMERICAN YACHT HARBOR ST THOMAS VI 00802-1348 Market Value of Your Portfolio 124.466.032 826.574,686 837.691.418 CLercr4 make: value ME 1.161 SiStereerCS Market vela 154.229.457 1St aiskYttt 11201.3159 FINANCIAL TRUST COMPANY INC STA:WEST Pence February 1.2005 THROUGH 'COUR) 28.2005 Actottir YUlaSEA MaYa2 TAXPAYER KAISER On Fk LAST STATTPAPC /Brume 31. 2005 am Teo orterory • for reorrrolour Mose • Otet 'a lemon as • tat leaflet enternet Wee be menet teem newt See lame W e ee evert ofretaltn. 011 was, cell so toe VS12 EFTA01260790 0-EARED 11421.20n n wHOLL OvoiL0 assiOury Tort 11201 3859 FINANCIAL TRUST COMPANY INC 2 £551,ZZOO- V133 0 z m cim z H r T9STS£00 IND ANDS STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0101.05.1102 CO1 YU 2 EFTA01260791 VSStit00-V.L.43 BEAR STEARNS OFFICE SERVICING ICOR ACCOUNT allar k 10179 3 as Cash Flow Analysis ThiS PE WO Income Summary MS PE RIM KM 10 WE OpenIngBalance 576.887.97 Omdends 49,425.72 384,321.72 Credit Balance 381.73 2.269.70 Seculles Sold 16.615.671.20 Mom Fund 12,618,780.35 Total $49,807.45 5385.591.42 0 DMdendsdrorest Amount Credited 381.73 529.234.833.28 -n Securities flaunt -17.754,032.78 Portfolio Composition CadVCash Equivalent 24,486.032 Money Fund .11.557,306.74 Equities 54,229.457 C Amount Debited 5.29,311,339.52 in Net Cash Aetaity .76,506.24 Total $78.715.489 Closino Balance 5381.73 r _ Z9STS£00 IND ANGS Cash Balance Summary chisox 0.05st Cash 76.887.97 381.73 Net Cash Balance 476.887.97 $381.73 Cash R Ecuva 32% CLEARED 114fOuCe-I ITS MVittlY OSWED SUSSCCARY ass 117014359 FINANCIAL RUM COMPANY INC STATEMENT PER:03 ltbfUlty 1, 2005 110104GPI f *wry 28.2005 Arne. NT FLAMER =MR TAOMYER MAW On FIN LAST STATEMENT January 31.2006 027 0101,05.11 CO CO! Your Portfolio Allocation tsymeel ratites Ord* A . baby. fl it" Or main( raw •IOCIOCX1 ..ray tr.., hr. Amaham ma* ate a 10.• POrtbi) se" EFTA01260792 MEMO initanti Min.LY OA K° SLiniCaY OFFICE SERVICING YOUR ACCOINI SSStii:00- V.L.43 C)0 -n C rn z J r _ E9STS£00 IN9 ANGS BEAR STEARNS ark 10179 4 9, $ Your Portfolio Holdings CASH & CASH EQUIVALENTS OtStAIMCei CASH BALANCE 59u80..59599 *Wen PUCE WHET ESTIOATE0 OJO*Ein 99118 WILY NOM 1510 nu 382 Iles p ".. Yeams %runes erten" r. net 11401435.0 FINANCIAL TRUST COMPANY INC STATIDAENT PECOCO retrUaly 1,2005 TW1OL,304 Fetruary 28.2005 ACCOArt MAW 1VOnnit Nati% On no ut.tt STAInert January 31.2005 DREYFUS CASH MANAGEMENTCL A C4Crx DISTITUTIONAL SHARES EST, 30 DAY AYG YELL/ 2,3400% TOTAL CASH & CASH EQUIVALENTS 24.485.649.78 1.0000 24.485.650 514.199 2.1000 524,486.032 5514.199 EQUMES Equities & Options The research ratings for Bear Steams (BSC) are shown for certall 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 fo&ows: 0 Ouq:erform: P = Peer Perform: U = Undesperform. 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 f011Ovis: MO - Market Ovenveight: MW iv 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: B - Buy: H Hold; S Sell. The ratings Sicemation contained herein is for informational puposes only and is not intended to provide tax. legal or investment advice. Bear Steams 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 Firm6 research is available to customers of Bear Steams at no cost. Customers can access this research at www.bearsteams.com or can call (800) 517.2327 to request that a copy of this research be sent to them. Drumm siumucuser ACCT ME °want rue 94.901 %WI ismuto WW1. 'COW CURR041 /IUD IV BEAR STEARNS COMPANIES INC BSC CASH 200.000 99.5000 19.900.000 200.000 1.0050 COLGATE PAUAOME CO a. CASH 106.200 52.9200 5.620.104 123.192 2.1920 DEERFIELD TRURC CAP CORP ACCREDITED DNE.510It5 244572202 CASH 1,000.000 15.0000 15.001000 027 0301/06:11 09 col 1712 EFTA01260793 9SStiZOO- V1.43 BEAR STEARNS OFFICE SERVICING 1DUR Accouvr Bear Sted Inc. New Y N . York 10179 =ARID THROUGH In woCtLY 0V,.tD SUM DART ea M 113014109 FINANCIAL TRUST COMPANY INC S a a Your Portfolio Holdings (continued) Equities & Options (cordnurad) ACCT DISCRIPION STIASOUCUSIP CloWnw PRICE WA CO WWI ESTIMATED Mail SCOW swywra P0003 Fa lun 1.2035 THROuGH Fetwory 28.2005 Acoarra MATER TAXPAYER SUWON Gn Fit LAST STAITASEMT Artery 31.2055 CORM 3100 063 EQUITY OFFICE PROPERTIES TRUST EOP CASH 110,000 30.1700 3,318.700 171.050 5.1541 Sal BSC RATING: STOCK A/SECTOR MW GREEN STREET AU/MORS. PC. 0 RATING: S IFILOST FIN ITAL) IFPSF CASH 100.000 4.4030 440300 8.200 1.8624 -n CUM MAST CL KERZNER INTERNATIONAL LTD BSC RATING: STOCK FYSECTOR MN KV- CASH 10.000 63.9400 839,400 NED DAVIS RESEARCH RATING: B C in MACK.CAU REALTY CCRP BSC RAMC: STOCK P/SECT01 MN GREEN STREET ADVISORS. INC. RATING: B CU CASH 88.100 44.2000 3.894,020 222.012 5.7014 TOO INC TOO CASH 50.000 26.5600 1.328.000 BSC RAMC: STOCK A/SECTOR MN GARP I:94,49N RAMO: B VECTOR GROUP LTD YGR CASH 201.990 16.7000 3,373,233 323,184 9.5808 r V/YNN RESORTS LTD BSC RAMC: STOCK CVSECTOR MW MAU. STREET SMATEGES CASH 10,030 71.5700 715,700 RAMC: B Total Equities& Options 554.229.457 51,047.638 TOTAL EQUITIES 554,229.457 51.047.638 _ P9STS£00 IND ANGS YOUR PORTFOLIOHOLDI NGSESTIMATE0 ANNUAL INCOME 51.561.937 YOUR PRICED PORTFOLIOHOLCONGS 578.715,489 017 0301,06.11 09 COI 1072 EFTA01260794 Lg5tZZOO-V.L.43 0 -n in r _ S9STS£00 IN9 ANGS BEAR STEARNS WC SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. New Yak New Yon r • 6 Transaction Detail INVESTMENT ACTIVITY SEITLDADO TAX OAK MAACK* DISCR•ral SYMICEAGIE OMAR ACE ACOCAN• MASER tvarAvert LOMA LAST EtATLALIT CEA MADU111 ER F1 Army 31, 2006 OIER AMOUR 0201/05 01/27/05 BOUGHT COLGATE PALMOLIVE CO CI. 200.000 52.41970 10,495,945.00 UNSOUCZED 02/09/05 02/04/0S SOLD VECTOR GROUP LTD VGR -75.000 18.25000 1,214,20410 UNSOUCITED SEE NOTES ON BACK 02/11105 02/08/05 SOLD BEM STEARNS COMPANIES INC BSC -100.000 103.00020 10.293.876.12 AVG MICE SODYR&DEMIS ON RIC/ ACTUAL COMDATA TO YOUR ALEXI UN CRED BEASR.OUSTEARNS & CO, INC. IS A SUBSIDIARY Cf THE ISSUER. 02/16/05 02/10105 BOUGHT EQUITY OFFICE PROPERTIES TRUST EOP 10.030 29.92640 299.869.03 UNSOLICITED 02/16/05 02/10/05 BOUGHT MACK-CAU REALTY CORP CU 10.000 43.85020 437.107.03 AVG PRCE SHOWROOMS ON Kg ACTUAL CONFIRM TO YOUR AGENT UNSOLCDED 02/17/05 02/14/05 SOLD COLGATE PALMOUVE CO CL -93.800 54.51690 5,107,790.18 UNSOLEITE0 02/18105 02/15/09 BOUGHT EQUITY OFFICE PROPERTIES TRUST LOP 100.000 30.15610 3.021.616.00 UNSOLICITED 02/18105 02/15/05 BOUGHT MACKCAU REALTY CORP CU 28.100 44.74380 1.258.991.78 UNSOUcITED 02/22/05 02/16/09 BOUGHT IMCCCALI REALTY CORP CU 50.000 44.75000 2.240.609.00 UNSOUCITED TOTAL S-17.754.032.78 516 615 671.20 CLEARED RAUCH ITS RARE( OvAD ELLISORRY Bear Arra URA.. FINANCIAL TRUST COMPANY INC STATEAL.T ELROD February 1.2005 THAOU0a. February 28. 2005 L1.01051102 031 1872 EFTA01260795 8SStiZOO-V.L.43 0 -n C rn z r _ 998TSECIO IN9 ANGS BEAR STEARNS Ork OFFICE SERVICING VVIJR ACCOAT 10179 7 ae Transaction Detail (continued) MONEY FUND ACTIVITY CLAARIO 1RROuGA wreOuLv OVent0 SURSOARV l M 11701.3859 FINANCIAL TRUST COMPANY INC enliven PCR,00 February 1, 2005 IRROUCal Fethary 28.2005 ArtAk*IT %LAMER MOUS TAXPAVIR NLAJOIR On Flo LAST sTATney racy 31.2025 Mn ROPY 1128/45ACTION Dun SMICIANSI CARNMY Flit OM AMOUR, CPICO AMOUltr 02/01105 OPENINGBALMICE 25.497.697.67 0201/05 SOLD DREYFUS CASH MANAGEMENT-CL A OCCC .10.419,057.03 1.0000 10.419.057.03 INSTRUDONAL SHARES 02/01/05 CMDEND DREYFUS CASH MANAGEMENT-CL A 49.425.72 INSTITUTIONAL SHARES moNTNLY ONCEND 02/01/05 REINVEST DREYTUS CASH MANAGEMENT-CL A DICOt 49.425.72 49.425.72 INSTOUTIONAL SHARES DIVIDEND REINVEST 02/09/05 BOUGHT DREYFUS CASH MANAGEMENTCL A DIC33( 1,214,204.90 1.0000 1.214.204.90 RISTMJTONAL SHARES 02/11/05 BOUGHT. DREYFUS CASH IAANAGEMENT-OL A 10.293.676.12 1.0000 10.291676.12 MSTrtun0)01 SHARES 02114/05 SOLD DREYFUS CASH MANAGEMENT-CL A DION -736,976 1.0000 736,976.00 INSTITUTIONAL SHARES 02J22/0.5 SOLD DREYFUS CASH MANAGEMENT-CL A INSTRUIMAL SHARES MBE -1.413.321.60 1.= 1,413,321.60 02/28/05 CLOSINGBALANCE 24,485,549.78 TOTAL 5.11.557.306.74 512,618,780.35 CR> 090105.11.00 00, 9872 EFTA01260796 6SStiZOO-V.L.43 0 -n z C in z -H r _ L9STS£00 IN9 ANGS BEAR STEARNS OFFICE SERVCING YOUR ACCOUNT Beer. Stearns & Co Inc. New York. New York 10179 8 as Transaction Detail (continued) INTEREST CleN CESCIOPTON O2/22/05 EDIT BALANCE ACCT AT 01. 21.02120 TOTAL MAO/CUSP Cautt0 TIP- .cm rtS ?move 0"5,0 SUMMARY is a imm as Sosanis Season Bruit" Mw.., 11201.30S0 FINANCIAL TRUST COMPANY INC siArEut‘T PF.J.00 FeNtary 1.2005 rmotou04 February 28.2005 AcCOUvr Nunn TWA MAW On Me UST STAISSUT lazy 31.2005 OUPOIN RAIL IV DOM .1.0.011 Olen MrNMI 381.73 $381.73 En0 of Statement 021 01.,105 vi 09 COI o172 EFTA01260797 En I8 IJ T.7 O aU I I m r 898TS£00- 019- ANGS MR SBTMRNS OFFICE SERVICING YOUR ACCOUNT BEM Steams & CO. Inc. New Yak. New York 10179 CLLAPIO TRW>. as WITOLLY OWNED NUSSOWJef Is. Rens San Cot. Winn i FINANCIAL TRUST COMPANY INC ACCOUNT EXECtiTrta IICHERMA.N.IRA TELEPHONE ■ VISIT OUR WERSITE wym.boaosteams.YOrn What's In This Statement Financial Summery 3 FINANCIAL TRUST COMPANY INC STA,MCNT AFMCO TAROUCio ACCOUNT NJuOtTi TAnTER nJuarit :AST STATDACNT Jemmy 1.2035 Mouiri 31.200$ On Ire Decernm, 37.200s Vow Portfolio Holdings 4 GO AMERICAN YACHT HARBOR Transaction Detail 6 Fund Activity 7 Trades Not Yet Settled 9 ST THOMAS VI 00802-1348 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VAWE OF SECURMES THIS PERIOD' 37.891.418 Oath a EiTuvLant AIMS $25474.586 $65.990.490 NET CREDIT IMIAnCE 76.888 EWaia 937.691.419 553.738.664 MONEY MARKET FUND BALANCE 25,497.698 Current market value NET Awry TN16 PERIOD 561466,004 a LW Salemmts Mickel va&e NET EQUITY LAST STATEMENT 119.729,154 CHANGE SINCE LAST STATEMENT -56.263.150 intlao ono. re it MP, wohood woolen NI n r rernol n o Toy VOA Socaoko ard Nee M ns Mm. There are no 'Stop Loss' orders or other pending toy or sell open orders on file for your account. rya. Nan ay orn , vNAor o: a ONO; 0. on. Accord so coons la C e. n mill y. Clinl :rec. of Boo. Ana Coco.. CAN ;nip., N .1:11,,357 ms summon:, abnormal on's% of Ot. Mt renal FS • mo omPonmo. nos Ustrienal itesb to lIgihtd 7GI yev SIM Morn Side fa' hrflal 027 0201,05 0/ 13 COI Nlo EFTA01260798 CLEARED THROUGH RS VeROUN OtERED SuBSOAlte BeA L LERAE Stone Rodin. VA. •tM1 11201.3*S9 FINANCIAL FRUST COMPANY INC 2 a 9 I9StiZOO- V.L.43 0 -n z C rn z -H r _ 698TS£00 IN9 ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 02, 02131/05:013$ 001 EFTA01260799 rn 8 IJ IJ .F IJ - BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. MILM.0179 3 a e Cash Flow Analysis nasPDVOD Income Summary nab etROD rtra MOM, OpeningBalance 50.00 Dindonds 334696.00 334.89600 Credit Balance Inc. 1.887.97 1.88797 Securities Said 809,475.98 Maley Fund 41.327.043.60 Total 5336.783.97 5336.783.97 0 Dividends/Interest Miscellaneous 336,783.97 475.000.00 -n Amount Credited 542.948.303.55 Portfolio Composition CashiCash Equeraiem 25.574.586 Securities Bought -339.842.12 Equities 37.891,418 C rn Money Fund Funds VAtteraym Amount Debited -781.573.46 -41.750.000.00 5-43 871 415.58 Total 563.466004 Nat Cash Acdray 76.887.97 Closinglialance $76.887.97 r OLSTS£00- 019- ANGS in EN inn ash bin —w Ann. in _•c ase! inn as woll a den fl an ••••101011 fib ion nos tallness, Dna Cash Balance Summary ODOM =GINO Cash 0.00 76.887.97 Net Cash Balance $0.00 576.88797 027 orcl OS 07 55 Dot Cain naot,OK ITS YOCUN OWED SESSOAAT Sm. Sins SENIX4 Cap FINANCIAL TRUST COMPANY INC STATEN:Art nmco Meuse, 1.2005 tiny 31.2005 Acootart rai•ER INIIIIIM MOWER inn Oafs LAST STAMEN!' December 31.2004 Your Portfolio Allocation Equities 59% L.rovhs >way arm an baim Any No.: nal.. Ha. The Olasion prersvage aaa..a be, in, *my: ••••10 % S foe plea V970 EFTA01260800 rn IS b.) to IJ -n C in r ILSTS£00- 019- ANGS BEAR STEARNS OFFICE SErmaNG YOUR ACCOUNT Mir 10119 4 ot; Your Portfolio Holdings CASH & CASH EQUIVALENTS 04.50.1734 CASH BALANCE 76.888 SweCuCuSa uEAxn (STRIMIO CURRENT Cuonny emu VMIT 114,4111. WOW MD m MCVEY° nialatot 11010.12 CAKED Strattatar Bea. Sten Starral an.4w Yon 11201.3959 FINANCIAL TRUST COMPANY INC STATWENT 1101100 January 1.2005 n4tco^ January 31. 7005 £CCOJM ,44‘144 - AxPAYER NJW9E, On !le AS? STATOrrair DeCeniaer 31.2004 DREYFUS CASH MANAGEMENT-CL A DCXX NSTMMONAL SHARES EST. 30 DAY Am vino 2.1700% TOTAL CASH & CASH EQUIVALENTS 25.497.697.67 1.0000 25.497.698 509.954 2.0000 525.574.586 $509.954 EQUITIES 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 catered 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 vi 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: B = 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 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 ' ies covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at www.bearsteams.com or can call to request that a copy of this research be sent to them. OISCAPTCri thructussi f.O wit OUviirre PR/C/ 11ARCIT MA 1511141103 MON MOW CURRENT YEW 00 BEAR STEARNS COMPANIES INC BSC CASH 300.000 101.0600 30.318.000 300,000 0.9895 DEERFIELD TRURO CAP CORP 244572202 CASH 1.000.000 Unthced ACCAECITED INVESTORS IFILOST FIN ITAL) IFFSF CASH 100,000 4.5820 458.200 8.000 1.7460 EUR1 MST CL C47 02.014.47.45 001 V970 EFTA01260801 m C in r ZLSTS£00- 019- ANGS I8 IJ aU IJ BEAR STEARNS OFFICE SERYCING YOUR ACCOUNT New Yt 2 W WA 10179 Your Portfolio Holdings (Continued) Equities 8 Options (cnotinuen) OISTAIPTM KERZNER INTERNAM:In/AL LTD (IL CASH 10.000 60.3300 603.300 8SC RAMC: SNOT WSECTOR MN W.D DAVIS RESEARCH RATING: 8 ACCT WOO Mauna ORME SWRICUCUS• TYPE DAUM MCI VAL Ur AMUR NOWT nuo Al CLEARED 1,4.0“.4 ITS WHOLLY DATED SLAISIDORY assr FINANCIAL TRUST COMPANY LAIC ST TttWT wstoo January 1.2005 letarAH January 31. 2005 ACCCARY stAwat TARPRATA MAASER 9D TAO LAST STATEREMT 0wealaw 31.2004 TOO INC TOO CASH 50,000 27.1600 1.358.000 8.5C RATING: STOCK FISECTOR PAN GARP RFSFARCH RATING: 8 VECTOR GROUP LTD VGR CASH 276,990 16.2400 4.498.318 443.184 9.8522 WYNN RESORTS LTD 7,YNN CASH 10.000 65.5600 655,600 NC RAMC: STOCK 0/SECTOR MW WAIL STREET STRATEGIES RATING: 8 TOtal Equitin& Options $37.891.418 5751.184 TOTAL EQUITIES 537,891.418 5751.184 YOUR PORTFOLIO HOLDINGSESTIMATE D ANNUAL INCOME 51 261.138 YOUR PRICED PORTFOLIOHOLDINGS 563.466.004 02/ 0101$06,07 S6 OM WTO EFTA01260802 CUM= 2/45202411 n'S wHOLL 01040 StS5tCvar C) i t C in r ELSTS£00- 019- ANGS 8 b.) IJ BEAR STEARNS OFFICE SERVICING ICJR ACCOUNT Beer. Steams & Co. Inc. 383 Madison Avenue New VOA. New Vol( 10179 6 ie s Transaction Detail 0i1+-2214 /2044ER 2554AVOI %WPM On Fie INVESTMENT ACTIVITY LAST sweetie Doom. 31.2004 seesiersen. mesas . Ibtebn. Maw ten 1120141150 FINANCIAL TRUST COMPANY INC 5TATDOENT OE RICO /brut) 1.2005 na000H larrary 31.2005 5(111DaNT OM PM DM 11251152411041 OCSCRIP11011 STWOARM OMIT, RICE ONE man! MOO 45101/111 01/03/05 12/29/04 BOUGHT KERZNER INTERNATIONAL LTD Ka 5.603 60.62520 339.84112 AVG PRICE 503WN-DETALS ON RED Pam CONFIRM TO YOUR AGENT UNSOUCITED 01103/05 1229/04 SOLD VECTOR GROUP LTD VCR -50.000 16.25000 809,475.98 UNSOUCITED MERE/11'5'CM BACK TOTAL $.339.842.12 5809.475.98 DEPOSITS AND WITHDRAWALS OATS 01/03/05 FND WIRED MOAACT706190ENDS WIRED TO 20.000.000.00 1/514nACTION DES011411011 DM NW CRON MEWL MSS Cilia. 01/0105 END WIRED MDANCT795191ENDS MEI) TO 20.000.000.00 Mk BOOK 01/05.05 END WIRED MOMPM8932691ENDSWIRED TO 1.000.000.00 NA 01/06/05 END WIRED MOAMMEL933586ENDS WIRED TO NA Ns 75000000 TOTAL 5-41.750.000.00 021 vuosonis 001 1fJD EFTA01260803 9951,ZZOO-V.L.43 0 0 1 1 C in z r _ VLSTS£00 N19 ANUS BEAR STEARNS OFFICE SERVICING YCUR Arertnr ailitork 10179 7 ay Transaction Detail (continued) STATWENT PERICO Ina" 1.2025 nacuan Arun 31.2005 ACCOINT SlUR TWAYER MAW 01 nie MONEY FUND ACTIVITY LAST StArnipa Dicsmbeir 31.2091 OA1T 140041 'WILMA 11430.104 STIAKIJCUSP OuRany FFOtt 01011 NAOMI One APCIUNT 01101106 OPENING BALANCE 65.990490.35 01/03/05 SOLD DREYFUS CASH MANAGDAENT-ci A easTinmoNAL mums -40.030.000 1.0000 40.000.000.00 0.1/03/05 REINVEST DREYFUS CASH MANAGEMENT-CL A C400( 52.677.46 52,677.46 94STMMONAL SHARES ONMV40 REIVvES1 0110105 DMOEND DREYFUS CASH PMNAGDAENKL A DIC)0( 52.677.46 NSITUDONAL SHARES MATT INCLUDED kV 2004 • 1099 01/0905 SOLO OREYFUS CASH MANAGFATINT-CL A teTTRADDHAL SHARES 06:31 424.366.14 1.0000 524.366.14 01/06105 SOUGHT DREYFUS CASH MANAGEMENT-CT. A 000C 728.896 1.0000 728.896.03 MSTRunONAL SHARES 01/06/05 SOLO DREYFUS CASH FAANAGEMENT.CL A WSTRUTINAL SHARES DC:a 450000 1.0000 750000.00 01/3165 CLOSINOBALANCE 25,497,697.67 TOTAL 5-761.573.46 541,327,043.60 DIVIDENDS CLEANS netau04 ITS %%MOLY Cl•Re SSW ja M 112014449 FINANCIAL TRUST COMPANY INC DATE DESCIPPI194 Sn440.0z40. 0.AvrrlY Mh (s) AllOWAr CR= NOW) 01/03/05 MONA CORP KR3 50.000 0.1200 6,000.00 REC 72,15/04 PAY 01101105 010605 WALT DISNEY CO HOLDING co DIS 1.057.900 0.2400 253.096.00 REC 12/10'04 PAY 014:15/05 021 02431/06)07,58 COI 14110 EFTA01260804 0 m cim H r SL8ISE00- V49- ANOS BUR STDkRNS OFFCE SERTriCe4 YOUR ACCOUNT Beer. Stearns & Co. Me. New York. New York TOT T'S Transaction Detail (continued) DIVIDENDS (CCTIMUER) OM! OLSCEPTKIM 01/28/05 BEAR STEARNS COMPANIES INC REC01/14.05 PAY01/28/95 TOTAL CLEARED TRROLON rta RACER' OW'CD SuESOWAT Ma Simms Semmes We Tat 112014419 FINANCIAL TRUST COMPANY INC STATTATANT armor. January 1.2005 January 31. 2C05 ACCOuNT ware TAATEMA NuMSEE CM Fre LAST STATEMENT DOLORES 31. 2004 SYM8OLIXEIP CAMEMT RATE ril OUST AMOUNT MIT AMOUR! BSC 300.000 0.2500 75.000.00 5334.896.00 INTEREST OMF OFSCRIPTION CMAYMY PATEN NOUN GRECO MOW 0121105 I EDIT BALANCE 1.887.97 ACCT AT 01. .01/20 TOTAL 51.887.97 MISCELLANEOUS DATE TRAMSACEICM OESCRIMION owl AMOUNT MOO AMOUNT UMW 01/05/05 JOURNAL JOURNAL FROM TYPE 2701 6.000.00 01/05/05 JOURNAL FROM 150,000.00 0105/05 JOURNAL FROM 325.003.00 01/05/05 JOURNAL JOURNAL FROM TYPE 2 TOT 6,000.03 01/06/05 JOURNAL JOURNAL FROM TYPE 2 TO 1 253.896.00 01/06/05 JOURNAL JOURNAL FROM TYPE 2 TO 1 253.896.03 TOTAL $.259,896.00 5734,896.00 027 0201/0507.55 001 VETO EFTA01260805 89StiZOO-V.L.43 0 -n z C in z -H r _ 9LSTS£00 INS ANGS BEAR STERNS OFFICE SERVICING YOUR ACCOUNT imakiork 10179 9 <, 9 Trades Executed Pending Settlement SL111D400 MOE DAII TRANSAC9Cri DISCRIPT311 02/01/05 01/27(05 BOUGHT SvMSOLCU9P CLEARED mfteucH ITS 'Thou, Owe SueSaar 11201.38.59 FINANCIAL TRUST COMPANY INC suanea mime larrary 1.2006 naocom Ansley 31.2005 aCCOutt NtweeR TAXPAYER µMFR On me LAST StArnit.97 Dean** 31.2004 rn 0990779 ROC! UST MON' CREPT SWUM COLGATE PALMOLIVE CO CL 200.000.00 52.4197 10.495.945.00 UNSCUCRED TOTAL 510495 945.00 50.00 The OtOve Ilion 01 ,01 *Weir am" ate. soCif. et 1.4 Wean: End of Statement 027 02:C105.07 SS OW 0870 EFTA01260806