EFTA Document EFTA01320743

Statements CONFIDENTIAL SDNYGM,350556 EFT,00223248 EFTA01320743 OLEOS) onOucin as Mo.Av OwnED SUBSOARY BEAR STEARNS OFFICE SERVICING YON ACCOUNT Beer. Stearns & Co. Inc. 383 Madison Menuo Nee TOIL Now Vat 10179 (212) 272-2000 ACCOUNT CaCuTNE GNMA GOVT BONO VISIT OUR %MUTE elevo.bearStearrIS.COrn What's In This Statement 'hull...LIM hi Financial Summary 3 FINANCIAL TRUST CO INC Yotr Portfolio Holdings 4 C/0 JEFFREY EPSTEIN Transaction Detail 7 6100 RED HOOK QUARTER Your Messages 13 STE 83 0 ST THOMAS VI 00802 m IJ IJ IJ -n C in Your Portfolio at a Glance TOTAL VALUE OF SECURMES THIS PERIOD 18.601,283 Market Value of Your Portfolio Cash ■ fearvalen: —II 5380 1360 5280.444 LONG ACCRUED MEREST 215.777 rnd 518.601,283 NET CRCREDITam ANC.- 380.860 Income 515.453.004 NET Eatery THIS PE CO 519.197.920 Onto eerier value Last statements market value r LSSOSE00- 019- ANGS NET ECUTY LAST STATEMENT 15,882.704 CHANGE SINCE DST STATEMENT 3,315,216 There are no 'Stop Loss* orders or other pending buy or sell open orders on file for your account. kit Storrs Sodium Cap Ore WAXMAN OYU( NEE grocer. New Vat 11131.365, R1E) 212.1C00 FINANCIAL TRUST CO INC STATEAARIT new Hammett 29.2003 THROW* DOCArtEr 31. 2003 ACCEANT WARM TAXPAYER POWER On EAR LAST STATER/EAR November 28. 2003 , nnvls slat RIOAARRRIP PEPases city. n IP nal standee as a or want Tait earner manes reamer he yes mots Set testa sear Re hyntel rewrite- 02) 01.01/04.12:17 COI Important Message It any reformation regarding 2003naterDSt. dividends. miscellaneous intorno. cross proceeds or original issue duo= is reclined to be reported to the IRS for thiS account, a Consolidated Form 1099 wit be marled to Sou by February 2,2004or a 10425 by march 15.2004. EFTA01320744 CLIA020 TKROuroi TS Anat./ 01040 SUBSOARY b✓. Sten Secs.lies Can. One Waste, Coln 1420n bstl2\ 7125 Vat 1t 201.3$19 (2111 27F1CCO FINANCIAL TRUST CO INC 2 el '3 O z ii C rn z -H r 8SSOSEOCIA19- ANGS 8 IJ IJ IJ O STATEMENT BACKER IS PRINTED ON THIS PAGE 021 01101/01.12 17 C01 Vela EFTA01320745 rn 8 IJ INJ IJ BEAR STEARNS OFFICE SERVO% YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue Neer York. New York 10179 (212) 272-2000 3 Si, Cash Flow Analysis Income Summary isa trollop Thes rEWQ YEAR A DATE Opening Balance Seconds.% Sold 3280.444.12 34.476.423.63 Get. Agency nt. Corp. Bone M. Ctodt Balance Int. 529.120.88 240.687.70 31.77 9.461.836.30 1,401354.75 1.111.18 CivklerxhAnterist 769.840.35 Reverse Repurchase Int. 4.127.88 26.483.48 miscellaneous 114.93900 Total 8773.968.23 510.892.785.69 Amount Credited 535,361,202.98 z -n Secureies DriodendsInterest Charged -35.167.056.56 -93.680.63 Bond Puthase Pt Marge Int. Paid Repurchase M. Exp. -93.803.74 .76.89 0.00 -143,760.56 -76.89 -24.344.52 Miscellaneous -50.03 rn Amount Debited 3-35 2/30 787 18 Portfolio Composition z J Net Cal Activity 100,415.80 Cash0ash Egterelert 380.860 Closinpalance 3380.859.92 Fixed Income 18,501.283 r 6SSOSEOCIA19- ANGS Cash Balance Summary COOING inersin 280,444.12 380.86%92 Net Cash Balance 5280,444.12 $380.859.92 Total 318.982 143 027 0, rt17:74 17 17 001 CLLUt7.0 IIIIK0014 ITS Wilte.LY PANTO SIAMDKRY sew. Siena Stant Lop. One metsoier OYU/ NUT best Nee net 11201.3859 I212 2724000 FINANCIAL TRUST CO INC STATEMPO Pat° Nereter 29.2003 natOlX04 December 31, 2CO3 Ar , Use, We texPAYell MAMA LAST arsnoreitr rionnita. 20 2CO3 Your Portfolio Allocation Cub &Eptelent 2% Fad Income 98% LI-eoliee cones *Mt We Aiwa veb own wale mint ”. aexacen ;reap le *noel sew Ire ecepee -at wee..• or lot ptelak, Vti EFTA01320746 rn 8 b.) V.2 41 b.) IJ -n C rn r 09SOSEOCIN9- ANGS BEAR STEARNS OFFICE SERVICING ‘CUR ACCOUNT Bear. Seams & Co. Inc. 383 Madison AY411110 New York New York 10179 (212) 272-2000 40,12 Your Portfolio Holdings CASH 8, CASH EQUIVALENTS atmto 114.3434 rtS WW1 01•140 SOWDORY 8w Stew Swat Coy. Ole Mannacn Can* *MI InC0404 Mew YOrk 11201.380 121212734CW FINANCIAL TRUST CO INC sinlwina Pt WWI*/ 29.2003 1140440 Detente, 31.2003 ACC0.80 !WIWI TAXPWA POWER On rde LAST STATT14/4 NO.mber 28. 2003 MSCrien214 241012ant Olanniv YAM ES1114/01 WW1 %COW CURADB TURD (10 L$189929 AMOMI D1COW wawa 110.1) ne CASH BALANCE 380.860 TOTAL CASH 8, CASH EQUIVALENTS 3380.860 FIXED INCOME Government & Agency Obligations mammon SYMMS. MCI ME 0.104121 pm( 11/1612, OWE 90249112 WIRES1 FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI DATED DATE 1001/02 BOOK ENTRY ONLY DUE 02/15/2032 5.937% FACTOR • .40629736 FEDERAL NATIONAL MEG ASSN STRP MTG SERIES 322 CL PO DATED DATE 03.01/02 BOOK ENTRY ONLY DUE 03/01t2032 .00 FAcice . .EKOCKICOO 1% FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT DATED DATE 0607/02 BOOK ENTRY OM, DUE 03/15/2032 1 000% FACTOR .• .38768243 FEDERAL HOME LOAN MTG CORP SERIES 2488 CIASS SO DATED DATE 07/08/02 BOOK ENTRY ONLY DUE 0311512032 8.837% FACTOR . .37011943 31393FGB6 3136FALCH 31392R6U0 313927/32 MRGN MRGN MRGN MRGN 10.456.946 1,971,241 36.766.242 18.506.970 10.4905 85.1406 3.6400 11.2865 1.096.983 1.670.327 1.338.278 2.088.679 27.127 2 16.340 55,235 610.372 20 387,662 1.265.253 55.6410 0.0012 27.4728 60.5767 011 0141/091217 071 1•18 EFTA01320747 0 0 m C in r T9S0SE00-O19-ANGS BEAR STEARNS OFFICE SERVCR4G YOUR ACCOUNT Beer. Steams & Co. Inc. 383 Musson Avenue New York. New York 10179 (212) 272-2000 5 0' 13 Your Portfolio Holdings (continued) Government 8 Agency Obligations (cut:wed) COMPTION Swieoueuse ACCT ME OWNITIY Para rata/ MIA ACCRUED WIDIEST L38WTW NORM Pena CURRENT VELD Am FEDERAL HOME LOAN MTG CORP SERIES 2483 CL St DATED DATE 07/02/02 BOOK ENTRY ONLY DUE 03/15/2032 5.837% FACTOR .37011941 FEDL HOME LOAN MTG CORP.503602 SERIES 223 CUSS PO DATED DATE 12/01/02 BOOK ENTRY de DUE 12/01/2032 FACTOR - .64986351 FEDERAL NATIONAL MTG ASSN Safi 2003-49 CUSS SW DATED DATE 04/30/03 BOOR ENTRY ONLY DUE 0112512033 5.858% FACTOR - .76940195 Total Government& Agency Obligations 3139276E2 3128KVAB5 31393C2C6 MRGN 18294 MRGN 21,350,313 3.249.317 18.701,667 10.6137 79.9844 11.2571 2.266.065 2.598,946 2.106,258 513,172.536 55,389 18.259 5173.352 1,246,218 1,095.544 54.585.069 54.9948 52.0385 Corporate Bonds DESCRIPTION SMIOUCUS, ACM Mt 014arry Ma UMW VALUE AO,IXD penny [STINTED IMMOICONE INN R 111.00E FANNIE MAE CMO/SERIES 2003-13 S RCR4/0 FUR DATED DATE 02/25/03 BOOK ENTRY ONLY DUE 03/2512033 6.858% FACTOR - .74236851 Total Corporatthonds 313921082 AARON 37.1113.425 14.6255 5.428.747 55.428.747 42.425 542.425 2,545,582 52.545.582 46.8908 TOTAL FIXEDINCOME 518.601.283 5215.777 57.130651 CLEARED T) 0t n vartet CANSO MAMMY Ow Sierra Maims Cap. Ora IMt— Caner North MOM. Mr TM 11201.31119 2123 272.1000 FINANOAL TRUST CO INC STAMEN? resew lantrber 29.2003 1100Lrai DeCtratet 31.2003 AD:Ourr war/SER TAXPAYER KINSER Olatie UST ranwral Nitre., 28.2003 OPP 01/01004.12 II an roil EFTA01320748 CLEARED THROC.3.4 nA w40. Onne0 SLILSCLUer -n C rn r Z9SOSEOCIND- ANGS 8 IJ IJ IJ BEAR STURNS OFFICE SERVICING YOUR ACCOUNT Sear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 (212) 272-2000 6 of is Your Portfolio Holdings (continued) YOUR TOTAL ACCRUED INTEREST 5215.777 YOUR TOTAL ESTIMATED ANNUAL INCOME 57.130.651 YOUR PRICEDPORTFOLIOHOLDINGS 518.982,143 Repurchase and Reverse Repurchase Transactions with Bear, Steamsand Co. Inc. outstanding as of date of statement PUROOSE/ REPURCPASE FAKING PASPSE PRCEI ACCRUED REPO WPM START DM DAR RATE RAwyµ 'PIMP Ina awn CUSP C(50;11,11011 Raw. Warn Sinn*, Cos. 0*Monocr. Carter Nat PoaSn. Ix* Vert 11201.38SO RIP 272-1003 FINANCIAL TRUST CO INC STATENENT RER5OO Plocernber 29. 2CO3 *SOWN Deserter 31.2003 ?POWs! HAW TmPAYER MASER On Fie LAST STATEvENT November 28.2003 YOU PROVIDED FEDERAL HOME LOAN MTG CORP (MARGIN) 10/23103 OPEN 0.000 TOTAL REVERSE REPURCHASETRANSACTIONS TOTAL REPURCHASETRANSACTIONS 'Oa of usenet On SO SO -51.655.000 31393FAF3 SERIES 2530 CI ASS SE 6.2375 02/1502 SO SO 021 01/01104:12:17 COI VIPS EFTA01320749 ii C in r E9SOSEOCIN9- ANGS I8 IJ IJ IJ BEAR STEARNS OFFICE SEMI% YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Mackson Avenue New York. New York 10179 (212) 272.2000 7 or ,2 Transaction Detail INVESTMENT ACTIVITY SETTLOIElli TRACE OAIE DATE 0.5.21.9002 DILSOUPTION svueouctse. Munn, frATEME9T PERO° Noktfrair 29.2003 TMOUON Oments 31.2003 9030SIT PUMPER FILM TAXPAVOR MAW US! stmentwr Nowt 29.2003 Pan DENT AMOUNT aata maw 12/04/03 12/01/03 SOLD FANNIE MAE CMOSERIES 2002.82 SK-I0 FLT/ 313921573 .14,242,198 11.43750 1,628,951.45 DUE 10/25/2031 06.931% ACCR. INT. 24.679.06 0987021011332 REF • 2103120146410000 BS AS OF 121018)3 12/05/03 PRINCIPAL FEDERAL NATIONAL MTG ASSN 3136FALG1 49.948 SIRP MTG SERIES 322 CL PO 0.001 WE 03/01/32 PAW/PAL REDUCTN 12.2543 12/05/03 PRINCIPAL 1601 HOME LOAN MEG CORPOS03602 3128HVAB5 -59.396 SERIES 223 CUSS PO DUE 12/01/32 PRINCWAL REDUCTN 12-15-03 12/05/03 JOURNAL FANNIE MAE C1.40/553ES 200242 31392F573 1 5140 FLT/ 6.931 DUE 10)25/31 WAIST P05111011 1205703 . JOURNAL FANNIE MAE CMO/SERIES 200242 31392F573 1 5140 FUR 6.931 DUE 10/25/31 12/79/03 JOURNAL FANNIE MAE CMO/SERIES 200242 313921573 -1 SSW FUR 6.931 DUE 10/25/31 12/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392R6U0 -1.480.000 SERIES 471 CAASS 1.000 DUE 03/1932 PRINCIPAL MUM 12.15-03 12/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392R6U0 -302 SERIES 71 CLASS Yr 1.000 DUE 0 E 3/15/32 PRINCIPN. MUM 12.1 SO] 12/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 3139216E2 -848.004 SERIES 2483 CL SL 5837 DUE orisrs2 P88404PAL REDUCTN12-15-03 CLEARED TMIVJC.I. ITS ,wt O* 2O SLIBSIOCOAY Spa Stoarill Satan Cap. Coe Meut95:2 C•ra. PdaTh Orman New Yen 11201.3259 / 1212729C00 FINANCIAL TRUST CO INC 020 01.01/04:12.17 Colt YNe EFTA01320750 0.fARED TISIOUGH !TS ' man' OM AO SuerScamtv En 8 IJ V.2 IJ $'• 0 -n C rn r P9SOSEOCIA19- ANCIS BEAR STEARNS WEE SERVICING YOUR ACCOUNT Beer. Steams & Co. Inc. 383 MadTson Avenue New Veit. New York 10179 (212) 272-2000 8 cr 13 Transaction Detail (continued) INVESTMENT ACTIVITY (condnued) SETROJET0 TRADE WE art 110NSALICRi 0002101101 12/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392T332 -735.030 SERFS 2488 CUSS 50 6.837 DUE 03)15/32 PRINCIPAL REDUCTN 12-1543 Put Reims Trecurbts Co. tileeccein Cone us.? Omar. AM Tort 11201-H39 0121 272.1000 FINANCIAL TRUST CO INC STATEMENT PIT= timentter 29.2003 ToRK4104 ORCRon0er 31.2003 ACCCEPIT WRIER TAXPAYER NASD, On Fie LAST summer kowtow. 28.2033 STWOUCUSIP OUARRTT Pt MR WOOS CRUX APA3Uhl 12/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393F686 -370.995 SERFS 2526 CUSS Si 5.837 DUE 02/15/32 PRINCIPAL REDUC1N 12-15-03 12/15103 PRINCIPAL FEOL HOME LOAN MEG CORPSSO3E02 3128MB5 SERIES 223 CUSS PO DUE 12/01/32 PRINCIPAL PAYMENT 12.15.03 12/18103 12118/03 BOUGHT 59.396.20 FANNIE MAE CMOISEFTIES 2003-13 31392101(2 37.669.355 14.50000 1462.055.55 S RCR.V0 MR ACCR. INT. 93603.74 DuE 03/25/2033 06.881%. 0987797115332 REF • 2033121846030000 DS AS OF TO 12/1863 SD 12/05/03 Pm COMPUTED TO 12/06/03 12/25/03 PRINCIPAL FEDERAL NATIONAL MEG ASSN 3136FAL01 69.948.10 STRP MPG SERIES 322 CL PO 0.001 DUE 03/01/32 PRINCiPAL PAYMENT 12-25-03 12126/03 PRINCIPAL FANNIE MAE CMO/SER1ES 2003-13 31392/052 .550.930 S RCR-LO FUR 6.801 DUE 03125(33 PRINCIPAL REOUCIN 12-25-03 12/26/03 PRINCIPAL FEDERAL NATIONAL MTG ASSN 31393C2C6 -277180 SERIES 2003.49 CLASS SW 5.881 DUE 01/25/33 PRINCIPAL MOULIN 12.25.03 TOTAL 3.5.555.660.29 51.782.974.81 027 010104 12 II 001 Viii EFTA01320751 171 8 IJ ts7 44 IJ Lit —7 0 0 m C in r S9SOSEOCIN9- ANGS BEAR STEARNS OFTiCE SUCRE YOUR ACCOUNT Bear. Steams & Co. Inc. 383 MaErson Avenue New York, Nov. York 10179 (212) 272-2000 Transaction Detail (continued) INTEREST CLEARED nacucn RS ovate OneiN) Sue.310WIT Um Steers Utterer Cep. one Iteracce Ceett Moen New DY 20 311 272-1010 FINANCIAL TRUST CO INC STATIDAPer PETIO0 Nonmber 29. 2003 motcvaii Oteerober 31.2003 ACCOUNT eleMER TAXPAYee NYC/ on Re twr STATEIMMT November 28. 2003 011E OEMS:PM' 311410440, OMMTIN IMIL DENT AMMAR CALM MOON 12101)03 AVG BM. 124,272RT 0.307 31.77 021 COTE MEREST 1103 12/15/03 FEDERAL HOME LOAN MTG CORP 31392R6W 7=00 31.855.45 SIRES 2471 CLASS Yr DUE 03/1542032 1.003 MEREST PAYMENT 12.15-03 12/15/03 FEDERAL NOME LOAN MTG CORP 3139216E2 5.8370 108.771.75 SUES 2483 CL St DOE 03/152032 5.837 MEREST PAYMENT 12.15-03 12/15/03 FEDERAL HOME LOAN MEG CORP 373927732 6.8370 770,315.08 SERIES 2486 CUSS SO 01E03/15/2032 6.837 MEREST PAYMENT 12-15-03 12/15/03 FEDERAL HOME LOAN MTG CORP 31393FAF3 6.2370 18873.47 SERIES 2530 CLASS SE DUE 07115/2032 6.237 MT RID 11-03 P1012-15-03 REPO P6 I 6.2800 12/15/03 FEDERAL ROME LOAN MEG CORP SERIES 2530 CLASS St 31393FAF3 6.2370 113,730,20 DUE 02/15/202 13237 3P/D INT RO 11.03 12-15-03 REPO P & I 6.2800 12/15/03 FEDERAL HOME LOAN MTG COPP 31393F086 5.8370 53.056.97 SERFS 2526 CLASS SI DUE 02/1502032 5.837 MEREST PAYMENT 1245-03 72/26/03 FANNIE MAE CAC/SERIES 2003-13 31392/D1C2 6.8810 216.008.64 S ACR.90 FLTR WE 03/25/2031 6.881 MEREST PAYMENT 12-2503 12/26/03 FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW 31393C2C6 5.8810 93.018.08 DUE 01/25/2033 5.881 MEREST PAYMENT 12-2103 021 01.01404.1317 001 Vile EFTA01320752 0.EARED THROWN rrs WHOLLY 0-c Sunto.11Y rri 8 IJ LaIJ 0 i t C rn r 99SOSEOCIA19- ANGS BEAR STEARNS MICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madson Avenue New Yoh. New York 10179 (212) 272.2030 10 o' Transaction Detail (continued) INTEREST (ccounued) DAZE OESCIPTOO1 12/31/03 AVG BAL 23.71687 3.765 021 OFFICE INTEREST 1203 TOTAL sYmativano Olittarn RATE 09 CM AMOUNT Bow Sawn Season Cap Clne1Aetrtmeth Caw WI. erceUr. Pam Yen 112O14959 12121 272.1020 FINANCIAL TRUST CO INC STATBAEnrr PEROO Neyernbe 29. 2003 T1000:4 Corte 31.2003 ACCOUNT 'AMBER TAXPAYER wuelAR On Fie Ler STATEAWNT NOWATto 28.2033 CISCO Aare 76.89 346.89 5745 161.29 REPURCHASEAND REVERSE REPURCHASE TRANSACTIONS with Bear,Steams& Co. Inc. SETTTOOTT T ax DATE DATE DIAMACTOON OESCR•11011 SAMOLOSP 12/04103 JOURNAL ADP CO 8888888 FUM-PR F3383167011 8.625 DUE 12/31/49 207442002 ROM AWAIT 1.800030.00 CREW AMOUNT 12,09/03 JOURNAL ADP CD 8888888 3.989.000.00 F111.4.PR F2753181010 8.625 DUE 12/31(49 2074420692 12/09,03 JOURNAL ADP CD 8888888 3,989,000.00 FIT/APR F27531131012 8.625 DUE 12/31/49 2074420692 12/09/03 JOURNAL ADP CD 8888888 3.989.030.03 FITMOR F2753181010 8.625 DUE 1201/49 2074420692 12.09/03 JOURNAL ADP CD 8888888 4.208000.00 FITM4R F275318101R 8.625 DUE 12/31/49 2074420692 12/09/03 MEREST ADP CD 8888888 2,177.33 WE 1201/2049 8,625 F11).4-PR F2753181010 2074420692 11122 01101/01:12:17 201 EFTA01320753 Fn I8 IJ 1.2 IJ -n C rn r L9S0SE00- O19- ANGS BEAR STEARNS OFFICE SERVIC/VG YOUR ACCOUNT Bear. Steams & CO. Inc. 383 1.40060n Avenue New York. New York 10179 (212) 272.2000 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) 0-FAILSO rieta.r.sr rrs vnifyav Oman SIALSrmotv ear Stan Secultes Cap. De Motets." Cents NMI, &WO" Ma, Vert 11201.3651 alb 272.1000 FINANCIAL TRUST CO INC STATEUE4T PERM> Names 29.2003 nyveu0.4 OR:mew 31, 2053 ACCCr.isa mAerit TwArcst mAsicet On Fie LAST ST/S[5nm November 28. 2003 3271102.1 Moe OAT! DATE liwySiLmen Of SOVIIION Sitilet20.21, OW11410Y cf 07 NA3usi Mon Mwa 12/10103 JOURNAL ADP CD 8888888 4,208,000.00 FITM.PR F27$318101$ 8.625 CUE 1201/49 2074420692 4.208030.03 8888888 1 2110103 JOURNAL ADP CD FITMPR F2753181011 20 8.672u5 2049122/31/49 12/10/03 .0URNAL ADP CD 8888888 4.203.000.00 FTTMPR F275318101U 8.625 DUE 12/31/49 2074420692 12/10/03 JOURNAL ADP CD 8888888 4.240.000.00 tome /275318101V 8.625 DUE 12/31/49 2074420692 12/10/03 INTEREST ADP CD 8888888 118.06 Out 12/31/2049 8.625 FIDA-PR F2753181015 2074420692 12/17/03 JOURNAL ADP CO 8888888 µ 1,800,000,00 FITIA-PR F3343187013 8.625 DUE 12/31/49 2074420692 1 2/1 7/03 JOURNAL ADP CO 8888888 4.248000.00 FITM.PR F2753181016 8.825 CUE 12/31/49 2074420692 12/17/03 JOURNAL ADP CD 8888888 4240.00000 Fine-Pe F2753181019 8.625 WE 12/31/49 2074420692 12/17/03 JOURNAL ACP CD 8688888 4.240.000.00 nol•PR F275318101%9 625 DUE 12)31149 2674420692 027 01101/01:Itli Vele EFTA01320754 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Beer. Steams & Co. Inc. 383 Manson Avenue Now York. New York 10179 /212) 272.2000 12 a -/ CLEARED TeOlOtiOn 113 *KW, WACO SLAISIOLUIV W. gene Stone W. One MOnacn Cote hot Boon" Mn YeA 11201.311,10 W21272-100) FINANCIAL TRUST CO PIC STATOENT PEFOCO PlOvernbet 29, 2003 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS SITRDIDer MAO( (continued) 114C4,314 Dwente 31.2001 AOCOUNT MASER werxesi Tut wwt On Fie LAT summer Now/to 26.2003 DATE 11tAletliON CESCRIPDON SnASC&X4sp OUMIITY Min WOUPO CAJON M10011 12/17/03 JOURNAL ADP CD 8888888 6,040,000.00 FIE11-PR F275318101c 8.625 OA 12/31/49 2074420692 12/17/03 INTEREST ADP CO 8&88888 654.50 DUE 12/31/2049 8.625 FITL&PR F3183167013 -n 12/17703 INTEREST 2074420692 ADP CD 8888888 837.40 OM 12/31/2049 6.625 111/4-PR 12753181011N C rn 12/19/03 JOURNAL 2074420692 ADP CD FEM-PR 12753181014 8.625 DUE 12/31/49 8888888 980000.03 2074420692 12/19/03 JOURNAL ADP CD 8888888 0040030.00 FTTMPR F2753181010 8.525 DUE 1231/49 2074420692 12/19/03 INTEREST ADP CD 8888888 340.59 r DUE 12/31/2049 8.625 FIDSPR F2753181014 207442CE 2 TOTAL 5-29,705.010.00 532.718.127.88 MISCELLANEOUS 89S0SE00- O19- ANCIS I8 IJ V.) O IaJ DArt PACIMAY rwaSACTON OCICR•110“ Na! MaXieT CREDO NaP/1 12/08/03 JOURNAL FITS RIM 114,939.00 091 OW104.12.17 001 V010 EFTA01320755 0 -n C rn r 69SOSEOCIA19- ANGS BEAR STEARNS OFFiCE SEAM% YOUR ACCOUNT Bear. Sten & Co. Inc. 363 Madam Avenue New York, New Yak 10179 (212) 272-2000 13 au Transaction Detail (continued) MISCELLANEOUS (contireed) am /CMAY 11WCACTION DESCKPIXN COB NAOMI OEM ANIOUM 12/11/03 IOURNAL TOTAL NOV.03 SPEC CLEARING FEES 50.00 5.50.00 5114.939.00 Your messages Excess SIPC Account Protection Update Bear. Stearns Securities Corp. flitSSC). a member of the Securities Investor Protection Corporation rsipm. provides account protection for the net equity of a customers funds and securities positions. SIPC provides $500,000 of primary net equity protection. including 5100.000 for claims for cash (-SIPC Coverage). Visit mwr.sipc.org for mere information about SIPC Coverage. BSSC provides the additional protection (*Excess SIP(*) through a commercial insurer. Effective February 16. 2004. the convnercial insurer for Excess SIPC will change to Customer AsSet Protection Company (CAPCO), a licensed New York insurance company. Account protection applies when a SIPC member firm fails financially and is unable to meet its obligations to Its securities customers, but does not apply to losses from the rise or fall in the market value of investments or to SIPC ineligible assets such as options, futures, foreign exchange transactions. or any investment contracts that are not registered as securities. End of Statomen 027 CLANK° ”f1014.04 vocur Own.") SIASOARY Dm. Sere Senstin Cap. On ilentech Wow Nath ender% POW nrk 11201-MS9 121212724CM FINANCIAL TRUST CO INC rflnwc PERO° Ucierrect 29. .2003 7)4,10.4.4 Decb.150, 31.2003 ACCOLNT romea TAxpAyei r.....erot On Ile LAST 8TATE‘lev7 123/ember 28. 2003 01.01,04 12,17 COI '4/ EFTA01320756 CEASED /NAOMI ES %MOLLY ow. SLOSCWIT -n C in r OLSOSEOCIA19- ANGS IS IJ 41 IJ IJ IJ BEAR STEARNS CfnCE SERVICING YOUR ACCOUNT Be.. Steams & Co. Inc. 383 Watson Avenue New Yoh. New York 10179 (212) 272.2000 ACCOUNT EXECUTIVE GNIA4 GENT BOND VISO OUR WEBSrrE worm.tearstearns.corn What's In This Statement IIIIIIIIIIIIIIIII Financial Summary 3 FINANCIAL TRUST CO INC Your Portfolio Holdings 4 GO JEFFREY EPSTEIN Transaction Detail 7 6100 RED HOOK QUARTER STE 83 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio ado basin s200.4.44 TOTAL VALUE OF SECURITIES THIS PERIM 15.453.004 5450.076 LONG ACCRUED INTEREST 149.256 ni" Income NET CREDIT BALANCE 28D444 NET EQUITY THIS PERIOD 516.153.006 I S16.07SAIM • Current menet glue 815.882,704 888 Lau staternerel markm value NET EQUITY LAST STATEMENT 16,731,773 cRme,t SINCE LAST STATEMENT -849.069 There are no 'Stop tees' orders or other pending buy or sell open orders on rile for your account. SOM. steams sunray; C@ One utectem Cow MAT ertoMp. Nes York 11201.3869 0 121 272.1oto FINANCML TRUST CO INC avatmeer MOOD Norembre 1.2003 THROLON NOANTIE01 21 2003 ACCOVAI WISER TASTER mad On Fie LAST STATEMENT Odoba 31. 2003 ars TIE summary is la &Namara, Anna ow. II If am Memel Haw sconne. TEA nen os 043.0d be reshed for yea naves see nevem se sr evolve aftnuenn 027 112903'.0613 COI EFTA01320757 cliARCO OUCH ITS wi.O.LY °ANC) SLAIODWre her. Some Omni's Cap. One 16:oton, Cater *Oh lbecityn. Na' at 11201.3659 ROO 2g1000 FINANCIAL TRUST CO INC 2&2 0 -n C in z -H r ILSOSEOCIN9- ANGS 8 b.) IJ b.) 0", STATEMENT BACKER IS PRINTED ON THIS PAGE VOW EFTA01320758 BEAR STEARNS MICE SF_RviCaNG YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madeon Avenue Nev.Yak. New York 10179 (212) 272-2000 3 v2 Cash Flow Analysis INS Patio Income Summary This eEegO cw io tett OpeningBalance 5450.076.34 Gent. Agency Int. 552.396.94 8.932.715.42 Cap. Bone Int. 85.430.29 1.162.667.05 Securities SolO 101.312.656.87 Credit Balance Int. 51.68 1.079.39 Di/Wends/Interest 637.878.91 Reverse Repurchase Int 2.398.77 22.35&50 Miscellaneous 204.899.00 Total 5640.277.68 510118.817.46 Amur% Credited 5102,155,234.78 Bond Purchase Int. 0.00 -50.156.82 -n Semites Bauchi Miscellaneous -102.136.500.00 -188.367.00 Repurchase In. Evp. 0.00 -24.344.52 C rn Amount Debited Net Cash Activity 5.102.324.867.00 -169.632.22 Portfolio Composition Cash1Cash EquNatent 280.444 Closing Balance 5280.444.12 Feed Income 15.453.004 Total 515.733.448 r ZLSOSEOCIN9- ANGS I8 b.) V.) IaJ Cash Balance Summary CS'S CLOSNO Mare^ 450,076 34 280.444.12 Net CashEtalance 5450,075.34 5280.444.12 CLEARED DMUS, SS SOLO' SSD SUIRMARY Sw. Ss. Seim Os One L'Asifth Cos 'AS SSA. Net VS 11201-31dfl 12123 212.1003 FRANCK TRUST CO INC STATE'S/3 AIRCO Flawnter 1. 2003 'SOUGH Ncrembei 29.2003 AcCOLs TAMES TAOAVER rated On Fie LAST nines October 31.2003 Your Portfolio Allocation Cash & Eqtrwaksnc 1% Sued Scorns 99% 64,N0t4 ATOM One OM`. bar,* NC, POI sox t. tN alce.O4a yeetaintip 4 Ce0.0 Tan Te 'Moine rate val. it Intsa >stole 021 it7e030.1 43 CO1 1118 EFTA01320759 CLEARED TKAGJOH ITS maLY awe Susscwrf -n C rn r ELSOSE00-019-ANGS I8 b.) IJ IJ BEAR STEARNS OFFICE SETMCING YOUR ACCOUNT Bear. Szearns & Co. Inc. 383 Medium Avenue New York New Yoh 10179 (212) 272-2CCO 4 a • t Your Portfolio Holdings CASH & CASH EQUIVALENTS &SCRIM/. CASH BALANCE TOTAL CASH & CASH EQUIVALENTS $280.444 S1A9Il.CLSW MAWS ESTAM.TED CIAREsa OJANTin, PRICE %mat INN04.•(CUE tern It) 280.444 FIXED INCOME Government & Agency Obligations DESOVPTON SEVOCUCUSM ACCT TYPE CRUNIITY Pba MART VkUE ACCPIED ertiltEST ESTIMATED 41118/81.11COLE CLIMEME MEND nu FEDERAL HOME LOAN MTG CORP 31393FG86 MRGN 10,827.941 10.5177 1.138.856 22.991 636,683 55.9055 SERFS 2526 MASS SI DATED DATE 10/01/02 BOOK ENTRY ONLY DUE 02/15/2032 SAX" FACTC0 - .42071211 FEDERAL NATIONAL MTG ASSN 3136FAL01 MRGN 2.041,189 83.3750 1.701.841 2 20 0.0012 STRIP M SERIES 322 CL P0 DATED DATE 03/01102 BOOK ENTRY ONLY DUE 03/01/2032 .001% FACTOR - 1,00000000 FEDERAL HOME LOAN MTG CORP 31392R6U0 MRGN 38228,544 3.6983 1,413,715 13,800 382.265 27.0397 SUES 2471 CLASS YT DATED 011E 06/07/03 BOOK ENTRY ONLY DUE 03/15=2 1.000% FACTOR - .38226545 FEDERAL HOME LOAN MTG CORP 313927/32 MRGN 19,241.000 11.3871 2.190,993 47.800 1,323.781 60.4182 SERIES 2488 CLASS 50 DATED DATE 07)06)02 BOOK MIRY ONLY OUE03152032 6.880% FACTOR - .38482003 027 T1/20.0301843 OD, 8.111 Ser. Sams Scones Co". Ox MOncecn Cm•ma kw" BrccOpt Ike Volt 11201.3859 0721 272.1080 FINANCIAL TRUST CO INC STATEMENT PER100 Plaostnta 1.2003 n.R0u0.1 Nuance 28.2003 A^ODuNT NAM= TA9Arriit *sus= LAST STATINDENT Ocoee 31, 2003 EFTA01320760 0 ii C in r VLSOSEOCIN9- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 medium Avenue New Ycrk. New York 10179 (212) 272.2000 Sc'" CLEMIO fl tin 4r$ WittLY OMCD SUSSOWCY int San Slane Corp. Ore Morsetecn Orin ONO Itootryn. Nat IV% 11201.31M 212) 272.1000 FINANCIAL TRUST CO INC STATEMENT PER)00 ricsember 1.2003 loiROLKNI Ntreoutorr 28.2003 Your Portfolio Holdings (Continued) Government G Agency Obligations (conlinU838 DESCRIPOON SYMIOUCUSI• ICCI nsE OLUNTITT PIECE MAIM VALUE ACCRIXD INTEREST WONT NuIMER TRINCIER MAGER On Fae 1.LST SUMMIT OCtC 31.2003 unarm cuteurr MOUE WWI IRO ny FEDERAL HOME LOAN MTG CORP SERIES 2483 a. Si. DATED DATE 07/02/02 BOOK ENTRY ONLY DUE 03/15/2032 5.8808 FACTOR - .38482002 FEDI. HOME LOAN MTG CORD/503602 SERIES 223 CLASS PO DATED DATE 12/01/02 BOOK ENTRY ONLY DUE 12/01/2032 FACTOR . .66174275 FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CUSS SW DA= DATE 04/3403 BOOK ENTRY ONLY DUE 01/25/2033 5.881% FACTOR . .78082180 Total Government& Agency Obligations 31392T6E2 3128KVA85 31393C2C6 MRGN MRGN MRGN 22,198,317 3.300,713 18.979.247 10.6633 77.5781 10.6704 2.367.071 2.566,838 2.026.866 S13.406.180 47.134 9.302 5141.029 1.305,261 1.116.170 14.764.180 55.1425 55.0688 Corporate Bonds cites:Mei 51410110.6IP OCC1 OPE MINIM ME IMO! VA LI ACCRIAD POIRIES1 ESTIVATED MOM INOUE CLIMENT HILO tra FANNIE WE GAO/SERIES 2002-82 5K-VD FLTR DATED DATE 1802)02 BOOB ENINI ONLY DuE TO/25/2031 6.931% FACTOR - .56968794 Total Consorategonds 31392F573 MRGN 14.242.197 14.3715 2.046.824 52.046.824 8.227 S8,227 987.127 5987.127 48.2273 TOTAL FIXED INCOME $15.453.004 $149.256 15,751.307 027 1/ /211,33 00 43 DOI VIII EFTA01320761 =ARCO THROWN ITS WHOLLY OwNE0 EUSSOARr 0 0 1 1 C in r SLSOSE00- 019- ANGS 8 IJ IJ IJ --3 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams 6 Co. Inc. 383 MediUm Avenue New York. New York 10179 (212) 272-2000 6 Your Portfolio Holdings (continued) YOUR TOTAL ACCRUED INTEREST 5149.256 YOUR TOTAL ESTIMATED ANNUAL INCOME 55.751.307 YOUR PRICEDPORTFOLIOHOLDINOS $15.733.448 Repurchase and Reverse Repurchase Transactions with Bear, Steamsand Co.Inc. outstanding as of date of statement PURCHASE/ RCPUROPSE PPM PURCHASE PPM aRUt0 ROO COWIN 51.4AT DATE 031E RATE MCP% POIRESP (Fka AMPOO) CUSP DESCRIPTCN YOU PROVIDED FEDERAL HOME LOAN MTG CORP (MARGIN) 10/23/03 OPEN 0.000 TOTAL REVERSE REPURCHASE TRANSACTIONS TOTAL REPURCHASE TRANSACTIONS SO As el nisei as Y. Warfel Se0ats Cep Cose MenteCh COW Seep Inx0p. Fes Ten 112013059 P12I 2124020 FINANCIAL TRUST CO INC STATEMENT PIRICO Nweenba 1.2003 THROUGH Navernbit 28.2003 si:COuvr MEW OSAKA MAW On Fie usT sueraarrn October 31.2033 .51.655.000 31393FAF3 SERIES 2530 CLASS SE 6280002/15132 SO SO SO 027 11/29C0:011:43 001 PPS EFTA01320762 En 8 b.) IJ .„ b.) 00 0 in r 9505£00- IN9- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New Tat New York 10179 (212) 272.2000 7 • Transaction Detail INVESTMENT ACTIVITY CLEARED Tart003n ITS ~LIP OWNED SUESOMRY Bee. Storrs Sacuiler Gera Ora hinvirch Reno 1100 Orralat ret rot 11201.3359 I218 2/2-1030 FINANCIAL TRUST CO INC STATENENT FiN00 13:Avnite 1, 2003 THROUGH »~nter 28.2003 Arent« TILMSER TAXPAYER MAW On IMe LAST STATEMENT October 31.2003 SIT1104IN1 not OM DAN IRANSACI1ON OGICRINI011 STULCULNIS• OUNclov Pact OCBR AMOUNT MDR FACUMr 11/07/03 PRINCIPAL FEDERAL NATIONAL MIG ASSN 3136FALCH -100.887 STRP MIG SERIES 322 CI. PO O 0 CO1 DUE 3/01/32 PNINCIML REDUCTN 11.2543 11/07)03 PRINCIPAL net HOME LOAN IATG CORP#S03602 312132IVA85 41.871 ~S 223 CUM PO DUE 12/01132 PRINCIPAL REDUCIN 11-15-03 11113/03 10t16/03 CANCEL SELL FNMA-30YR(FN1AMGTO 51198784 40.000.000 100.12500 40.050.000.00 SEN.11/03 DUE 11401/2033 05.500% 0987280211332 REF • 2003101646340000 BS AS OF 10/1643 TO CM PRE1nOuS SELL 11/13/03 10)07/03 BOUGHT FI424.440YR(TNMA)GD 52498784 40.000.000 100.59375 40.237.500.00 SETT.11/03 DUE 11/01/2033 05.500% 0987280211332 REF • 2C03100746180020 BS 11/1103 10/15/03 SOLD FNMA-30YR(FNMAXTD 5N98784 -40.000.000 100.12500 40.050.000.00 SETT.11/03 DUE 11/0112033 06.500% 09872E4211332 REF • 2003101646340000 BS 11/13/03 10/07/03 CANCEL BUY FNMA-30YINFIRINCTD 5N98784 .40,000.000 100.59375 40.237.500.00 SETT11/03 DUE 11/01/2033 05.500% 0987280211332 REF # 20031007441~0 BS AS OF 10137/03 TO at PREVIOUS BUY 11/17/03 PRINCIPAL FEDERAL HOME LOAN MIG CORP 313928600 -1.910.000 SERIES 2471 CLASS YT 1 COO CUE 03/15/32 PINNOPAL REOUCiN 11.15-03 021 11~43 031 VIII EFTA01320763 En b.) IJ b.) 0 -n C rn r LLSOSEOCIND- ANGS BEAR STEARNS OFFICE SERVICE YOUR ACCOUNT Bear. Steams b Co. Inc. 383 Mackson Avenue New York. New York 10179 (212) 272-2000 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SE1TUNENT IMM OAIF EWE mmeacncei DESCIMM* 11/17103 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT 1.000 DUE 03/15/32 PRINCIPAL REDUCTN 11-15-03 11/17103 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SL 5.880 OLE 03115132 PRISCIPAL REDUCIN 11.15-03 11/1703 PRINCIPAL FEDERAL HOME LOAN MEG CORP SERIES 2483 a. Si. S.880 ODE 03/15032 PRINCIPAL REDUCIN 11-1803 11/17103 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERFS 2488 MASS SD 8880 DUE 03115/32 PRINCIPAL MDUCTN 11-15-03 11/17/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP SIRES 2526 CLASS 54 5.810 DUE 03115/32 PRINCIPAL REDUCIN 11.15-03 11/17/03 PRINCIPAL FEDL HOME LOAN MTG CORP/503602 SERFS 223 CLASS PO ME 1201/32 PRINCIPAL PAYMENT 11.15-03 11/25/03 PRINCIPAL FEDERAL NATIONAL MTG ASSN STRIP MEG SERIES 322 CL PO 0001 OM 03/01/32 PRINCPAL PAYMENT 11.25-03 11/25/03 PRINCIPAL FANNIE WE CATO/SERIES 2002-82 SK-DO FUR 6.931 DUE 10/25/31 PRtiCPAL REDUCIN 11-25.03 REARED 1701020n us wHOLLY 0•4220 Suldmany eme.Smtreg Swann% Cap. One Motet), Cam NMI &DAM Km Yon 112014859 C212:1272-1C03 FMANCIAL TRUST CO INC STATES" PMCO NO.C.,04/ 1. 7003 n a0u071 NcamMe 28. 2033 ACCOusa Main TAXPAYER twos On me LOST STAMW.7 netnNer 31. 2203 SYMIOUCUSP COMM ACE CES2 µi0UM CIMX1 220.20 31392R6U0 -818 31392TITE2 -1,109,000 3139216E2 -620 313927/32 -961.794 31393FGEM -527.288 3128HVA85 61.87110 3136FAL01 100887.00 31392F573 -550,926 027 11/2102MOM3 CM Vele EFTA01320764 CLUJ= ninctrai ITS ARRAY OARED SLIPLORRY En I8 IJ IJ --J C -n C in r 8LSOSEOCIA19- ANGS BEAR STEARNS OFFICE SERVICING ICOR ACCOM Beer. Stearns & Co. Inc. 383 MacNal Avenue New York. New York 10179 (212) 272-2000 9 a-2 Transaction Detail (Continued) INVESTMENT ACTIVITY (o3nUover8 &v. Sten SeCuRltet Cap. ere wrote*. Cam 11(M fittonpt Nit Tat 11201.3659 R121 21Z.10:0 FINANCIAL TRUST CO INC STATIMIPI PIRKO 'Jaw*. 1.2003 1NROuCp. NCEfle 28.2003 AOSCOET TIMM rAwmyr, WESER On nlp LAST summer °actor 31. 2003 SMI04Pri utoot DAR DATE MAXSACPT.1. DISCRW311 SERSOUT.USP RAPIER. PRICE CURT WOW CRID11 ACNE 11/25/03 PRINCIPAL FEDERAL NATIONAL MTG ASSN 31393C2C6 -354.146 SERIES 2003-49 CUSS SW 5.881 DUE 01/25133 PRNWAL RECOCTN 11-25-03 TOTAL S-80.287.60000 580.450.258.10 INTEREST DATE OESCR•tali stwoouCuSw WWITTY RATE RR DEW PAMIR MIXT Name 11/03/03 AVG 8AL 216.567RT 0.358 61.68 021 OFFICE MEREST 1003 11/17103 FEDERAL HOME LOAN MTG CORP 31392R6U0 1.0000 33.447.9.3 SERIES 2471 CUSS YT WE 03/15/2032 1.000 INTEREST PAYWD/f 11-15-03 11/17.03 FEDERAL NOME LOAN MTG CORP 31392T6E2 5.8800 114,20589 SERIES 2483 CL St DUE 03/15/2032 5.880 MEREST PAYMD/T 11.15.03 11/17/03 FEDERAL HOME LOAN MTG CORP 313921132 6.8800 115829.36 SERIES 2468 CLASS SO WE 03/192032 6.680 MEREST PAYMEN1 11-15-03 11(17/03 FEDERAL HOME LOAN MTG CORP 31393FAF3 6.2800 19.26874 SERIES 2530 CLASS SE DUE 02n5/2032 6.280 IvT RID 1003 P/0 11.15-03 REPO P 6I 6,2800 11/17/03 FEDERAL HOME LOAN MTG CORP 31393FAF3 52800 119288.51 SEWS 2530 CLASS SE DUE 02/192032 6.280 NT FvD 10-03 F011.15-03 REPO P &I 6.2800 02' 11/2111003AR43 01)1 VMS EFTA01320765 rn 8 b.) IJ b.) —a BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Beet. Steam & Co. Inc. 383 AhreciOn Avenue New York, New York 10179 (212) 272-2000 can= THROWN OS LosOLLY OviNCD SuITSCW2Y M. Sun Senores Carp Ors liersatedi Cetus MAP &Ser. Nai olc 20 3439 1212) 272-coo FINANCIAL TRUST CO INC 10 ao Transaction Detail (continued) INTEREST (continued) STATEsatiT PIRO:. Haymow 1.2003 21103er.m No ember 28. 2003 N0CC(.1O YIABER TAXPAYER walk LAST STATEWeNT Octet*, 31.2003 out ctscatnot 57148o u0.6• Cuomo AV( no DEW AsIOUYI cataT mom 11/17/03 FEDERAL HOME LOAN M1G CORP 31393F686 5.8800 55,64062 C) SERIES 2526 CUSS SI DUE 02/15/2032 5.880 MEREST PAYMENT 11-15-03 0 11(25/03 FANNIE MAE CMO/SEMES 2002-82 31392FS73 SK-10 FLTR 6.9310 85.43029 OM 10/25/2031 6.931 PITERST PAYMENT 11-25-03 k l 11125)03 FEDERAL NATIONAL MTG ASSN 31393C2C6 SERIES 2003-49 CLASS SW 5.8810 94.733.62 CAE 01125/2033 5.891 C in z MEREST PAYMENT 11.25.03 TOTAL 5637.876.91 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Steams& Co.ns. r 6LSOSEOCIN9- ANGS SCITIDADIT TRIM an DATE TRISSACTION DESOSPTIN SYLISCOCUSIL ClUARMY DEW POSDLINT CSEOTT 11/05/03 JOURNAL ADP CD 8888888 3.000.000,00 FILM-PR F275318101C 8.625 CUE 12/31/49 2074420692 11105/03 .101/M441. ADP CD 8888888 3000.00000 Frn.449 F275318101D 8.625 CUE 12131/49 2074420692 11/05/03 13URNAL ADP CD FRM-PR F275318101E 8.625 DUE 12/31/49 2074420692 8888888 3,000,000.00 11/05/03 /DORSAL ADP CO 8888888 3.450030.00 FITM-PR F275318101F 8.825 DUE 12/31/49 2074420892 037 11/20103X0t 43 001 ISIS EFTA01320766 ClEAREO RARCAP3m ITS vAlCur OARED SuSSOARY rn 8 b.) V.2 IJ -J 1.7 0 -n C in r OSSOSE00-019-ANGS BEAR STEARNS OffICE SERVICING l'OUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New York. New Yak 10' 7g (212) 272.2000 11 a •: Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASETRANSACTIONS (continued) SETROADO Mel DAR an TRAHSACTAR DESCRIPION 11/05/03 INTEREST AOP CD 8888888 913.33 DUE 12/31/2049 8.625 411/4.99 F275318101C 2074420692 STUTIOUCUS9 Se-.9m SARATOS Cap. Coe Matscr, Caw Nath OrtotRA Mn Tort 112014169 12121272.E FINANCIAL TRUST CO INC STATEIPEr.7 PER100 Womb, 1. 2003 niROUOR Ikreembx 28.2003 ACCOANT KAMER TAXPAYER RAPIER On He IAET STATERERT Outer 31.2003 DONT ACM CRUX! PACONI 11/18/03 JOURNAL AOP CD 8888888 3.45=03.00 FIIM-PR F2753181016 8.625 DUE 12/31/49 2074420692 11/18/03 JOURNAL ADP CD 8888888 3,450,000.00 F8M-PR F27531810114 8.625 DUE 12181/49 2074420682 11/18/03 JOURNAL ADP CD 8888888 3.450.000.00 F81114717 F2753181011 8.625 DUE 12/31/49 2074420692 11/18/03 JOURNAL ADP CD 8888888 3.980.000.00 FIIMJR F2753181011 8.625 DUE 12/31/49 2074420692 11/18/03 INTEREST ADP CD 8888888 1.282.12 Out 12/31/2049 8.52 5 FTDA.PR F2753181016 2074420692 11120/03 JOURNAL ADP CO 13888888 3.980.000.00 FITIA41* F2753181019 8.625 DUE 12/31/49 2074420692 11/20103 JOURNAL ADP CD 8888888 3.980.000.00 FRIA.PR F2753181011 8.525 DUE 12/31/49 2074420692 112003 JOURNAL ADP CD 8888888 3.980.000.00 Fl1M-PR F275318101M 8.625 DUE 12/31/49 2074420692 027 11/29.3948:43 001 VPt9 EFTA01320767 0 -n C rn z r ISSOSE00- 019- ANGS I8 b.) V.) b.) —J BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue Now York, NOW York 10179 (212) 272.2000 12 or it Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (mums) clan *M000.4 Rs voncrue OAI,EO 91.40vIce Oar. kern Secunle3 Cue. Cne Meeottee Meow ilenA &our( toe Tv% 11201(3859 (212) 212(11:00 FINANCIAL TRUST CO INC STATFIREYT PERIOD NOkt•TH:tf 1, 2003 THROUGH 1(01tettf 28.2023 eeCOina nuweix Tonne mann On Re le' STATEN/le °CORTI 31.2003 SIIIIIMENT 1140E Mn DATE tentsacroN OISUIPTEW4 Sflake/02SIP OUNITY Wen mo0UNI CXIDII ) W 11/20103 JOURNAL ADP CD 8888888 3.989.000.00 FIDA.PR F2763181011/ 8.625 WE 12131/49 2074420692 11/20103 INTEREST ADP CO 8888888 223.32 DUE 12,31/2049 8.625 FIlM-PR F27531810D4 2074420692 TOTAL S-21.849.000.00 S20,862,398.77 MISCELLANEOUS eue "COM TRAIGOCIEN INSCRIPTIO.4 CEIrt AMMO CROW MOM 11/05/03 JOURNAL 'FIG mm 17.00 11/12103 JOURNAL FNMA-30YR(FNMA)GID 187.500.00 SETTy 1/03 5.500 DUE 11/01/33 MILS NET 11/12103 11117/03 JOURNAL FRG NEM 204.699.00 11/24/03 JOURNAL OCT 03 SPEC CLEARING FEES 850.00 TOTAL S-189.367.00 5204,699.00 STOPI End of Statement 027 11/2}03,3&43 OM WWI EFTA01320768 ITI 8 IJ IJ 47 b.) —J 0 0 m C in r ZSSOSE00- 019- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Grams & Co. Inc. 383 Madison Avenue New York. New York 10179 (212) 272-2000 0.EAREO I sn WHOLLY Omen StieSOARY le• Sign Scoria Corp Ore lioniath C— lam tocitin. Nei Yak 112014SS9 In) 272-1003 FINANCIAL TRUST CO INC ACCOUNT EXECUTIVE GNMA GOVT BOND VENT OUR WEBSITE evrotcarstearns.corn What's In This Statement Financial Summary 3 IIIIIIIIIIIIIIIII 111 FINANCIAL TRUST CO INC STAMM?? PERCO MIROVS.4 ACCOUNT wide, TA.V.AWA Media IAST SrATVADIT Quota 1.2003 Oclober 31.2003 On Fle SepU)Mber 30.2003 Your Portfolio Holdings 4 VC/JEFFREY EPSTEIN Transaction Detail 7 6100 RED HOOK QUARTER Trades Not Yet Settled 14 STE 83 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Case& EcAregem TOTAL vAWE OF SECURMES THIS PERIOD 16.075.464 sS99 452"76 LONG ACCRUED INTEREST 206.233 ran 616076,464 hccme $13.446.661 NET CREDIT EIN AKE 450.076 Omen maker vale HIT ECHATY THIS PERK* 516.731,773 MI last staternmrs ounce: Niue NET EQUITY LAST STATEMENT 13.670.919 CHANGE SINCE LIST STATEMENT 3.060.954 There are no 'Stop Loss' orders cc other pending buy or sell open ceders on file for pr account. tummy • Ice wienneceni P•900/1 PM/. It Is nd turas n a lax 4.7011Tent. Lis Utensil stool t4 ream tr you, non. See Tile Ode I& near* Minim 027 110103;13' Ye 001 1416 EFTA01320769 CLEARED Twa0Q3n ITS WI. UY OANEO 8u194:44.0 &dr.SOWS Setultin cep. Ors WNW, OW* Math again MIS net 112014859 RIZ) 2,2.1CCO FINANCIAL TRUST CO INC 2 on. 0 z ii C in z -H r ESSOSE00- 019- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE OZI 11.01/03:1398 OD1 q10 EFTA01320770 In 8 IJ IJ 47 IJ -a BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 manisen Avant New York. NOW York 10179 (212) 272-2003 3 a•4 Cash Flow Analysis Ma Kew Income Summary Na NW* 'FIAR TO OAlt OpeningBalance Seculties Sold Dhidendsarcerest Arescellaneous 5992.05 158,614,157.53 679.297.41 1214.062.50 Govt. Agency Int. Corp. Bond Int. Credit Balance Int. Reverse Repurchase Int 589.443.56 89,757.59 96.26 1.538.03 8.380.318.48 1.077.236.76 1.027.71 19.956.83 0 Amount Credited $160.507.517.44 Total Bond purchase Int S680,1335.44 0.00 59,478,539.78 -50,156.82 -n Securities Bougll lAscellanetus -159,821,725.15 .236.708.00 Repurchase Int. bp. 0.00 -24.344.52 C rn Amount Debited Net Cash Mikity 5.160.058.433.15 449,084.29 Portfolio Composition CashCash Eqmalent 450.076 Closing Balance 5450.078.34 Fixed Income 16.075.464 Total S16 525 540 r PHOSE00- 019- ANGS Cash Balance Summary COEXNG CLOSNG 1i7r0ir 992.05 450.076.34 NOtC3f./IB,::WW11 5992.05 4450.076.34 CLEARED ThROuCiri rrs ?Mal OWKED StAISPORY Sew. Stems Semite% Cap. Ore- Care Pearth ivotp8 Nee Tot 1/201.3859 12120 222.1Cco FINANCIAL TRUST CO INC 82A2119887 PERCO WOO 1.2003 netouem Cclatf 31.2003 ACCCINT MINIM TAXPAYER MAWR On File UST STATEWENT Semester 30.2003 Your Portfolio Allocation Cash a Eepszdent 2% L. fixed tame 98% tawati pole.* Osees Rd taws andw site! men* nun Tha 4144.001 Yo.- tn0o 4 el•Irsd %ye Pt &W.'s* natal .We to Wdoro 027 1.r31.03 11 39 COI WIO EFTA01320771 0 -n in r S8SOSEOCIND- ANGS I8 IJ IJ --J BEAR STEARNS OFFICE SERIACING HX/R ACCOUNT Bear. Steams 5 Co. Inc. 383 Madison Arena New York New York 10179 (212) 272-2000 4 a,4 Your Portfolio Holdings CASH & CASH EQUIVALENTS 01 SCRIMS SMASS-CYMP ouearrt PACE MARC VOLE (SWAM 0 INCA MOVE OR M(' MO IW ACCCUNT LAMER TAMMY'S PiVUSER LAST STA1TAMAC SAW/Aber 30, 2003 CASH BALANCE 450.076 TOTAL CASH 6 CASH EQUIVALENTS 5450,076 FIXED INCOME Government & Agency Obligations OISCRfliCay 511.90./0.4.1? ACC, CSASSW FACE WIWI UWE ACCRUID IISTREET ES111.40110 WON. UMW COMM MID (Am FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI 31393F686 MRGN 11.355.229 10.4109 1.182.184 29.675 667.887 56.4791 DATED DATE 10.01.02 800K ENTRY ONLY CUE 02/15/2032 5.880% FACTOR - .44119951 FEDERAL NATIONAL MTGASSN STRIP PAM SIRES 322 CL PO 3136FALQ1 MRGN 2.142.076 84.2031 1,903.895 2 21 0.0012 DATED DATE 03/01/02 BOOK ENTRY ONLY 001% DUE 0 CR FACT - 1.00000000 3/01/2032 FEDERAL HOME LOAN MTG CORD SEWS 2471 CLASS 77 31392R6U0 MRGN 40,137,362 3.8956 1,483,335 17.840 401.374 27.0589 DATED DATE 06.07/02 BOOK ENTRY ONLY DUE 03/15/2032 1.000% FACTOR . .40137383 FEDERAL HOME LOAN MTGCORP SIRES 2488 CLASS SO 313927132 MRGN 20,202.794 11.2818 2.279.235 61.775 1.389.952 60.9833 DATED DATE 07/08/02 8034C ENTRY ONLY DUE 03/152032 6.880% FACTOR - .40406591 02? 11/111/03:136> 031 V11111 CAUSED TNROUGH ITS WOW/ OVANID SLISSOMAY but Sawn. Swats c Cre Warmth Conn Mr?. 06066 Mo 101 112014439 R12121200:0 FINANCIAL TRUST CO INC STATEMENT nmoo OCtabtf 1.2003 1146Duax CCU'S!, 31.2003 EFTA01320772 61.AREO 1)10.00011 ITS WILILY 0A7•23 81.02300tARr 0 ii C rn r 98SOSEOCIA19- ANGS IS b.) 41 b.) 00 00 BUR STERNS OFFICE San/ICING YOUR ACCOUNT Beet. Steams 4. Co. Inc. 383 Madcon Melt* New York. New York 10179 (212) 272.2000 Your Portfolio Holdings (continued) Government 8 Agency Obligations (commune) OESCRIPTIYI 511"01.0.ISIP ACC1 Type 0.012Irr PRICE W•lbEET MOE 202260 POIRES1 (MA= ANNUAL WOW CLOR017 FEDERAL HOME LOAN IAIG CORP 3139276E2 MRGN 23.307.937 10.5512 2.459.263 60.909 1.370.507 55.7284 SEMIS 2483 CL 51 DATED DATE 07/0242 BOOK ENTRY ONLY DUE 03/4/2032 5,8030% FACTOR . .40405590 FEDL NOME LOAN MTG CORP/403602 3128HVA85 MRGN 3.370.584 78.3359 2.640.379 SERFS 223 CLASS PO DATED DATE 12/01/02 BOOK ENTRY ONLY DUE 12/01/2032 FACTOR . .67411697 FEDERAL NATIONAL MTG ASSN 31393C2C6 MRGN 19,333,393 10.9805 2,122,905 18,947 1.136.804 53.5495 SERIES 203349 CLASS SW DATED DATE 04/3003 BOOK ENTRY ONLY DUE 01/25/2033 5.88016 FACTOR - .79539167 Total Government& Agency Obligations 513.970.996 5169.148 54.966.345 Corporate Bonds t6, .0011.10 LS1aMTE0 OSEICT Treill0U0410 twE PDX Waal VALUE MAW MOM INCOME ILO FANNIE MAE C1AO/SERIES 2002-82 31392F573 MRGN 14.793.123 1 4 2260 2.104,468 17,085 1,025,163 48.7136 53(40 FUR DATED DATE 1010202 BCCC ENTRY ONLY DUE 1 onsr2co 1 6,930% FACTOR . .59172496 TOW C0F0oratei3onds 52.104.468 517.085 51.025.163 TOTAL FIXEOINCOME $16.075.464 5206.233 $5.991,508 Mt. Seen koala Co On. IletroW. Lela NOV Isaakbei. Mw rue 11701.31139 (2121 272.1003 FINANCIAL TRUST CO INC STATEIABil 00.00 October 1.2003 110,10.0004 0=ota 31.2003 ACCOurn WAN. 7.7"ketit KAMM On no LAST STATexemr S90tember 30. 2003 ".,27 11.0103.13 39 COI 1118 EFTA01320773 0 -n C in r L8S0SE00- O19- ANGS I8 IJ IJ IJ v3 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Beer. Stearns & Co. Inc. 383 Madsen Monne New York. New York 10179 (212) 272-2CCO 6 :4 Your Portfolio Holdings (continued) YOUR TOTAL ACCRUED INTEREST 5206.233 YOUR TOTAL ESTIMATED ANNUAL INCOME 55.991.508 YOUR PRICEOPORTFOUOHOLDINGS 516.525.540 Repurchase and Reverse Repurchase Transactions with Bear, Steamsand Co.Inc. outstanding asof date of statement PLOOthc.ti REPuROIASE Rae OUeCilASE MCC/ ACCRUED ilP0 *Warn Slat DATE DATE RATE Mat PatREST. Tea MOW) CUSP DESUSTICH CALMED natOuGet ITS vector Ovine) SueSewly Per. Men Steurtes CoP. Cre Ilartinth USN 1/410. Swittr. New ten 1120146S9 2121 172-1 coo FINANCIAL TRUST CO INC sriernalta PERKO October 1_2003 TweauON Gaeta 31.2003 Abbate Weak" TA)0Mtit mama Cir, Fh LAST /144ATSVENT September 30.2003 YOU PROVIDED FEDERAL HOME LOAN MFG CORP (MARGIN) 10/23103 OPEN 0.000 TOTAL REVERSE REPURCHASE TRANSACTIONS SO TOTAL REPURCHASE TRANSACTIONS 50 Al 40 041sned• ale .51 655 000 31393FAF3 SERIES 2530 CLASS SE 6.280002415/32 so $0 02> IIR)1/03.13 19 00' EFTA01320774 (-) 0 m cim H r 28SOSE00- IND- ANGS CO IJ IJ IJ O BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams 6 Co. Inc. 383 Madison Meru, New Tok New York 10179 (212) 272-2000 Transaction Detail INVESTMENT ACTIVITY Mat DAM OAR IRMISACTION otScrenni svuocutus• asuam MCI ACCOurr wain. TAXPAYER kukarR On Re usT sTATewn.1 Silplenter 30. 2033 ant ....Cum CREDIT /SOME 10/07103 PMNCIPAL FEDERAL NATIONAL MTG ASSN 3136FAL01 -169.307 STRIP MID SERIES 322 CL PO 0,001 OuE 03/01/32 PRNOVAL MUM 10.25-03 10115/03 09/30/03 BOUGHT FEDL HOME LOAN MTG CORN/1503802 312811VA85 3370.584 82.31250 2.774.412.65 SERIES 223 CUSS PO WE 12/01/2032 0987022118332 REF • 2003093046840000 EIS TO AD.' PREYS:US MONIKS FACTOR AS Of 090003 10/15/03 09/05/03 CANCEL Sal FNMA.3011(041.4A)GTD 5N95388 10.000.000 99.53125 9.953.125.00 SETT:W/03 DUE 1601/2033 06.500% 0987031119332 REF C 2003090546060000 EIS AS Of 0906/03 TO Ca PREVIOUS SELL 10115/03 09/05/03 CANCEL SELL FNMA.30YR(FNIAA) GTD 5N95388 10.000.000 99.53125 9.953.125.00 SETT.10/03 DUE 10/01/2033 05.600% 0987031119332 REF V 2003090546060000 BS AS Of 0905/03 TO OIL PREVIOUS SELL 10115/03 09/04/03 CANCEL SELL MISAA.3CNR(FNMA)GTD 51495388 15.000.000 98.96875 14.845.312.50 567.1003 CUE 10101/2033 05.500% 0987031317332 REF 4 2003090454000000 8$ AS Of 09/04/03 TO cm. PREMUS SELL 10/1503 1007/03 CANCEL SELL FNMA.30YR(FNMA)GTD 5/095388 40,000.000 100.94922 40.379.687.50 St7.1003 DUE1001/2033 05.500% 0987280211332 REF * 2003100746130000 (tS AS OF 1007/03 TOLE. PREVOUS SELL =ARLO INRCQ3.4 meaty 0,00 SOSIOwN tier. Sten SKunts Cu9. 0-• unotect, Corte 4ortn ender. New Yen 11201.36S. 12121 272-IC00 FINANCIAL TRUST CO INC STATWEIC PEIIPO Ock0er 1. 2CO3 THROutin Ottobec 31.2003 an 17A31103:1321 MN VMS EFTA01320775 rn 8 IJ 00 00 BEAR STEARNS 0FFtE Sava% YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Manson Avert* New York, Nev., Ycck 10179 (212) 272-2000 Transaction Detail (Continued) INVESTMENT ACTIVITY (cardnued) SETIlfgoll 1200E DISE OAR IRMSC101 DatRIPIION 0 0 10/15/03 10/15103 09/03/03 0945/03 BOUGHT SOLD FNMA- NMA)GTO sET7.10133 CUE 1081/2033 05,500% 0987280211332 REF • 2003090346250000 FIONGIOYIHENMAIGID in z SETT.10/03 DUE 10/01/2033 05.500% 0987031119332 m REF 12003090546050000 AS OF 09/05/03 BS C 10115/03 094503 SOLD FNMA-30YRONWQ GM Sur.10/03 DUE 10101/2033 05.500% in z 10/15/03 09104/03 SOLD 0987031119332 REF 0 2003090548050000 FNMA-30YRIFNIAA)G7D SETT.1843 BS DUE 10'0112033 06.500% 0987031317332 RU • 2003090454000000 BS 10/15103 10/0743 SOLD FNMA.30YR(FNMA) GED r SET110.03 ote1001/2033 05.500% 0987280211332 REF * 2003100746170000 BS 10/15/03 09/03/03 CANCEL WY FNIAA-30YRIENMA)GTO SETT-1003 CUE 10/01/2033 05.500% 68SOSEOCIN9- ANGS 0987280211332 REF 9 2003090346250000 8$ AS OF 09/03103 TO CAL PRE-NOUS BUT CLEARED TOCOLC/4 ITS WAOLor DARED SUBSIDIARY Oty. Stan Branum C . One Matron. Cour North YOBIrk New Yot 1T201.3N9 I2121 212.1000 FINANCIAL TRUST CO INC S'AlTrAINT PERoo Ocean 1.2003 nor:4nm &tette 31. 2003 AOCCUN1 ISAVR TAXPAYER KAMER LAST TATE WW1 241:Dientrif 30 2CO3 SVUOCACUSIP OWNIIW MCI UM 'WOW CREDO AVOLIVI SN95388 85.000.000 98.40825 83.964.062.50 5145388 -10.000.000 99.53125 9.953.125.00 5195388 -10.0007003 99.53125 9,953,125.00 5095388 -10003000 98.98875 14,845,312.50 5095388 -40.000,000 100.94922 40.379.687.50 5095388 45.000.000 98.40625 63.964.082.50 10/15/03 PRINCIPAL FEDERAL HOME LOAN MEG CORP 31392R6U0 -3,174030 SERIES 2471 CLASS in 1.000 DUE 03/15/32 PRINCIPAL REDUCTN 10-1543 027 111011021230 001 EFTA01320776 CLEARED THROUGH ITS ?MOLLY Ewe SU000Alty ii C rn r 06SOSEOCIN9- ANOS 8 IJ V.) IJ IJ BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Sear, Steams & Co. kic. 353 lAaclsoo Avenue New York. Now York 10179 (21 2) 272.2000 Transaction Detail (continued) INVESTMENT ACTIVITY (conilituea) unuweet tom out WN noNscror 10/15103 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392R6U0 -971 SERIES 2471 CLASS Yr 1,000 DUE 03/15/32 PRINCIPAL REDUCTN 10-15-03 DESCRIPRON STIAEOUCUSIP Rem Steams Saab's Opp. Cr* lionyeth Caro Noes ireatr. µH York 11201.3060 2121272.1003 FINANCIAL TRUST CO INC MAMMY mosso Oaote 1.2003 11.010uen OCIOW 31.2003 ACCOUNT WIWI TAXPAYER AMMER LAST STATAAIDa September 30.2003 OULPIITYY PRICE 13010 ANEW MOD AMOUNT 10/15.03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392T6E2 -1.843000 SERIFS 2483 Cl. Si. s.saa DUE 03/15/32 PRINCIPAL REDUCTN 10-15.03 1015/03 PR1NOPAL FEDERAL HOME LOAN MTG CORP 31392T6E2 -719 SERIES 2463 CL SL 5.880 DUE 03/15/32 PRINCPAL REDUCTN 10-15-03 10/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 313927/32 -1.598.000 SERIES 2488 CUSS SO 6.880 CUE 03fl 5/32 PRPCINAL RECIXIN 10-15-03 10/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 313927/32 44 SERIES 2488 CLASS SO 6.880 DUE 03/1502 PRINCIIAL AMMER 10.15-03 1011903 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393FGB8 404357 SERIES 2526 CUSS SI 5.880 DUE PR REO 02/15/32 INCIPN. UCIN 10-15-03 10/24/03 JOURNAL FEDERAL HOME LOAN MEG CORP 31393FAF3 -1 SERFS 2530 CUSS SE 6 280 DUE 07A5/32 ADiuSi POSITION 10/27/03 PRINCIPAL FEDERAL NATIONAL MTG ASSN 3136FAL01 169.307.00 STRIP MI6 SERIES 322 CI. PO 0.001 DUE 03/01/32 PRINCIPAL PROPEIR 10-2543 10/27/03 PSINCIPAL FANNIE MAE CIAO/SERIFS 2032-82 31392F573 -749.315 SK40 FUR 6,930 ME 10/25/31 PRINCIPAL REDUCTN 10-25-03 OCT 11.01.03.1-13:39 001 e11111 EFTA01320777 0 -n in r T6505£00- IA19- ANGS BEAR STWRNS OFFICE SERVICING YOUR ACCOUNT Beer. Steams & Co. Inc. 383 Medson Avenue New York, New York 10179 (212) 272-2003 10 <2u *YAMADA' Mime October 1.2003 Detomm CCS:ter 31.Ø Transaction Detail (continued) AccoUvT MAKER TAXPAYER Ha» On file INVESTMENT ACTIVITY (COOMMCO LAST STATEMENT Sepwrte. 33.2003 CLEARED ~MOM ITS ~My Omm0 au•SDAFT• bat. Swans Monies Cap OY iterouce Cate MT Ereektr. hm yak 1120141369 12111 272.1003 FINANCIAL TRUST CO INC Strntmiin mix DATE DATE TRANSACIM DISCREMON SYMSOLOSP OtmiM 0(S1 AMW41 MOM ~A 10127)3 PRINCIPAL FEDERAL NATIONAL MTG ASSN 31393C2C6 -498.148 SERIES 2003-49 CUSS SW 5.88000E 01/25/33 PRINCIPAL REDUCIN 10-25-03 TOTAL 5-141.869.725.15 $139.264.619.50 INTEREST DATE OESERFMN Svuecucuso Cuunny RAM 00 DEM AMOUNT CREW AMINE 10/01/03 AVG BAL 992RT 0.363 0.02 021 OFFICE INTEREST 0903 10102/03 AVG BAL 379.748RT 0.326 98.24 021 OFFICE INTEREST 0903 10/15/03 FEDERAL HOME LOAN MTG CORP 31392R6U0 1.0000 36.093.61 SERIES 2471 CLASS YI DUE 03/15/2032 1.000 INTEREST PAYMENT 10-15.03 10/15/03 FEDERAL HOME LOAN /MG CORP 3139216E2 5.9900 123,243.11 URNS 2481 C1.54 DUE 03/15/2032 5.880 INTEREST PAYMENT 10-15-03 10/15/03 FEDERAL HOME LOAN MTG CORP 313921/32 6.8800 124,991.77 SERFS 2488 CUSS SO DUE 03/15/2032 5.880 MEREST PAYMENT 10-15-03 10115/03 FEDERAL HOME LOAN MTG CORP 31393FAF3 6.2800 148.356.10 SERIES 2530 CLASS SE DUE 02/15/2032 5.280 NT RID 09-03 PA) 10-15.03 REPO P 3I 5.2800 Oh 11,01R1111:311 001 Viii EFTA01320778 =WO 2192051314 ...,air OWTED SulDSOARY BEAR STEARNS OFFICE SERVICING YOUR ACCCAINt Bear. Stearns & Co. Inc. 383 Madison Avenue New TOrk. NOW York 10179 (212) 272-2030 Transaction Detail (continued) INTEREST (continuad) Ow San Semrites Cup. Cr. /AARAce, Ceram Mn bccASA Nat In 11201.3959 (212) 2/24000 FINANCIAL 1RUST CO INC STATEMENT PEA= Comte, 1.2{03 nOtouGA October 31.2033 meM u? siNeER TAAAA9EA µI.KR UST STATEVENT Seamen 30. 2003 0 -n OATt 4001147Cw STIMOUCUSEP OtwarTY tUE 011 DOW WOW CR= PAWN, 10/15/03 FEDERAL HOME LOAN MTG CORP 31393FC4343 SERIES 2526 CLASS SS WE 02/15/2032 5.680 MEREST PAYMENT 10-15-03 10/27/03 FANNIE MAE CMOISERIES 2002-82 31392F373 51(40 FUR DUE 10)2512031 6.930 INTEREST PAYMENT 10.2543 10(27)03 FEDERAL NATIONAL MTG ASSN 31393C2C6 SERFS 2003-49 CLASS SW DUE 01/25/2033 5.880 INTEREST PAYMENT '0-25-03 5.8800 6.9300 5.8800 5%584.42 89.757.59 97.174.55 C in TOTAL $679 297 41 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Steams&Co.Inc. r Z6SOSEOCIA19- ANGS SEITLDINT mix oat OAR ItANSAC OESCMPTIOM 512.01.0J522 WMIIIIY OM MOM 10/02/03 JOURNAL ADP CO 8888888 4.398.0:00.03 FIDA.PR F2753101011 8.625 DUE 12/31/49 2074420692 CREDO MOM 1002/03 JOURNAL ADP CD 8888888 4.396.000.00 FTRA-PR F2483202019 8.625 DUE 12/31/49 2074420692 10/02/03 1006103 MEREST ADP CD 8888888 250.33 DUE 120102049 8.625 FRM.PR F2483202019 2074420692 JOURNAL ADP CD 8888888 4.296.000.00 F1111-PR F2753181013 8825 DUE 12/31/49 2074420692 027 1101/00:17:301 001 late EFTA01320779 rn I8 b.) Lab.) 0 -n C rn z r E6S0SE00-O19-ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Mattson Avenue NE." Yak New York 10179 (212) 272-2000 12 a•. Transaction Detail (continued) r ens0 TIAOLtH as WPM:, OW/AD SLASOWtf Ow Sam Semites Cap. Ore IttOlatli Cans Not Racially New Tot 11201.3391 1214 ZTE-1003 FINANCIAL TRUST CO INC STATENEHT PEF000 WAX, 1.2033 nazism Ovata 31, 2003 ACCOSO RweeR TARPAKA 14.11AR PI M REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) EAST STAITIAW Sept:Irby 30.2003 SETTLEMENT MOE DATE 041E IlleiSACTIOR DOCRPDOw SYMBOL/CUSP GAUDIN DINE AMOR CREDIT IAPISO 10/06/03 JOURNAL ADP CD 8888888 4.396.000.00 FITIA-PR F2753181012 8.625 DUE 12/31/49 2074420692 10036/03 INTEREST ADP CO 8888888 323.59 DUE 12)31/2049 8.625 FIDA.FR 12753161012 2074420692 10/15)03 JOURNAL ADP CO 8888888 1.520.000.00 FIT1A-PR F2753181015 8.625 WE 12/31149 2074420692 10115)03 JOURNAL ADP CD 8888888 µ 4,296,000.00 Fm.i-PR 12753181014 8.625 CVC 12/31/49 2074420692 10/15/03 MEREST ADP CD 8888888 598.10 DUE 12/31/2049 8.625 FITM-PR F2753191014 2074420892 10/16/03 JOURNAL ADP CD 8888888 1,620,000.00 FITM-PR 12753181016 8.625 DUE 12/31/49 2074420892 10/16/03 JOURNAL ADP CD 8888888 1,520,000.00 nDA-PR F2753181017 8.625 DUE 12131/49 2074420692 10/16/03 JOURNAL ADP CD FM-PR F2753181018 8.625 DUE 12/31/49 2074426602 8888888 1,520,000.00 10/16/03 JOURNAL ADP CO 8888888 3.220000.00 F1114-PR F2753181019 8.625 DUE 12131/49 2074420692 021 11/01.0213:20 001 V81I EFTA01320780 -n C rn r V6S0SE00- O19- ANGS BEAR STERNS OFFICE SERVICING YOUR ACCOUNT Beer. Swarm 6 Co. Inc. 383 Medium Mettle New York. New York 10179 (212) 272-2000 13 a • Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (cortInued) curse) nrscoon as 08/10 SISSID0RY Sae Rene Seeeneet Cap. 01e1Anforsen Crew Math II,CcAbn. MeV Yon 11201.3859 22121 2/24003 FINANCIAL TRUST CO INC sunaroor sync° Cater 1.2003 THROVON Octcocr 31.2003 *Govan 'NAM* TAXPAY1131 MAW On rile LAST SIATIDOCNT Segember 30 2003 nun rum DATE DATE 782121C13311 DIESCR09101/ SYMBOLICLISV DUMMY 01W mow cam MW4I 10116/03 INTEREST ADP CD 8888888 31.67 DUE 12/31/2049 8.625 FRM-PR F2753181016 2074420892 10/20/03 JOURNAL ADP CD 8888888 3,000,000.00 FRAI-PR F2753181018 6.625 CUE 12/31/49 2074420692 10.20/03 JOURNAL ADP CD 8888888 3.220.000.00 FI1M-FR F275318101A 8.625 DUE 12/31/49 2074420692 10/20833 INTEREST ADP CO 8888888 234.34 OM12131/2049 8.625 FlISPR F275318101* 2074420692 10/23103 JOURNAL FEDERAL HOME LOAN MTG OORP 31393FAF3 -22.790.161 SERIES 2530 CLASS SE 6.280 DUE 02/15/32 FM* F2963142 Al REPO AGREEMENT 102103 10UANIJ. FEDERAL HOME LOAN MTG CORD 31393F/43 26.471.971 SERFS 2530 CUSS SE 6.280 2/15/3 FIIMARGN DUE F0216329I2 *2 TWA REPO AGREEMENT 1012303 JOURNAL FEDERAL HOME LOAN MTG CORP 31393FAF3 4.681.809 SERFS 2530 CUSS SE 15280 DUE 0210 5/32 FrtMARGN F2963144 Al REPO AGREEMENT TOTAL 3-17.952.000.00 $19,349.538.03 021 100103:1339 WI 2/18 EFTA01320781 Tn I8 IJ IJ IJ SO 0 -n rn z -H r S6SOSEOCIA19- ANGS BEAR STEARNS CAKE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Mattison Avenue Noe York. New Yak 10179 (212) 272.2000 14 & Transaction Detail (continued) MISCELLANEOUS MOO* TRANSACT:* CCSCRIPTION DENT MOUNT CROXI MOM 10106(03 JOURNAL FITG TO FTTM 1.319.00 10/10/03 JOURNAL FITG FRIA 69.463.03 10/14/03 JOURNAL SEP 03SPEC CLEARING FEES 1.050.00 10115103 JOURNAL FNMA-30YR(FNiMA)GTD 1,214,062.50 SETT.10.03 5.500 DUE 1001133 MBS NET 10115/03 10/20/03 JOURNAL FRG FTTM 38.459.00 10/21/03 JOURNAL FITG RIM 126.398.00 TOTAL $.236.708.00 51.214.062.50 Trades Executed Pending Settlement SUROMNI MACE OATS DATE TRANSACT* MORMON 11113/03 10/07/03 BOUGHT INMA-30YR(FNMA)GTO SETT.11103 DUE 1101/2033 05.500% 0987280211332 REF Y 2003100746180000 8$ r, CA1.1 TROLCH rTs vAieur Con‘eD Sussiowsy Best Storrs Yenta Corp. Of* Weteteth CM. N]4/ Wooer% War Volt 11201.3149 (214 272.1000 FINANCIAL TRUST CO INC VW/MN! MOOD October 1.2003 nfrouOm Octoixi 31.2003 ACCCANT VISO% Mama •JvAIER On no LAST STATCIaNT Seplente 30. 2003 SONJOLCUSP (wan PRICE OEM /MOUNT MDR MOAT 51498784 40.000.000.00 100.5937 40.237.500.00 11/13/03 10/1603 SOW FNMA-30YR(FNMA)GTO SETT.11/03 DUE 11/01/2033 05.500% 0987280211332 REF 40 2003101646340000 RS 51198784 -40.000.003.00 100.1250 40.050.000.00 TOTAL S40.237.500 00 540,050,000.00 nit ma,. bide. OZ Pet •0004/ Wry emit serir te r.. latentiY. 110103.1339 0>1 001 "Mg EFTA01320782 0 0 z m C in z r 96SOSEOCIA19- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOLINT Bear. Stearns & Co. Inc. 383 Madsen Avenue New York New Yak 10179 (212) 272-2000 6W[{2 THRM.7414 ITS YMCAIT 014.417) StAISIDWAY Sea Yana State cap. Metretech Cater SOT amt Xs Vert 11201.3859 072)27240C° FINANCIAL TRUST CO INC ACCOUNT EXECUTIVE GNMA GOVT BONO STATWENT seam AVM) 30, 2003 VISIT OUR WEBSITE sve*.bearMeareS.Ccen THROUGH Seers to 30.2003 Atomic XLMBER What's In This Statement TAXPAYER MATER Financial Summary 3 FINANCIAL TRUST CO INC EAST STATIlara August 29, 2003 GO JEFFREY EPSTEIN Your Pc4trollo Holdings 4 6100 RED HOOK QUARTER Transaction Detail 6 STE B3 Trades Not Yet Settled 13 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio S99 TOTAL VALUE OF SECURRES THIS PERS00 13,466,661 Cash a Equirettre --I 2 rritne LONG ACCRUED MEREST 203.166 ed — S244 NEY CREDIT BALANCE 992 Ineo NET EQUITY IHM PVUOD anent market value S13,670,819 M. last raterneris market value NET EDWIN LAST STATEMENT 13.836.583 CHANGE SINCE LAST STATEMENT -165,764 There are no 'Stop L.C65. orders or other pending buy or sell open orders on rile for your account. 513.488481 513.626.063 Important Message Beer Steams is pleased to amounce our conversion to a calendar month-end statetnetlt. Elfectne this month. your account statement reflects al activity and account valuation up to and including the last bUSW/EES (Sayer the man. a IM same, H eI iltraricrol paw :a wry. V 4 ra Read n a az taurmet his mimeo said te Wand we too Naas 544 want Se we mortal ithansece 077 70O1.O3,10 54 COI 0513 EFTA01320783 WIRED Tift0U0m TS now, Ovna SUBSOPRY Our. San So:vibes Cara One Ihmush Calm MAN troc•Ir. New Talc 11201.1850 1212) 272.1000 FINANCIAL TRUST CO INC 0 z m cim z r L6SOSE00- IND- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 027 10001/0330.54 001 r1113 EFTA01320784 CLEARED THROUGH ITS ‘stOLLY Ovese0 SuSSOAltv BEAR STEARNS OFFICE SERviCe0 YOUR ACCOUNT Bear. Steams 4 Co. Inc 383 Madison Avenue New York. New York 10179 (212) 272.2000 3 <I 1 Cash Flow Analysis 114S PERKO Income Summary This Kipp TPA 70 DAZE Opening Ba lance Smarties Sold DiWoendsAnterest 9244.46 176,098,821.93 762.801.16 Gott. Agency H. Cap. Bend it Credit Balance Int. Reverse Repurchase Ire. 663.90977 98.783.24 128.15 2,357.87 7.790.874.92 987,479.17 931.45 1941880 0 Amount Credited Securities Bought 5178,861,623.09 -175,152.227.06 Total Bond Purchase Vt. 9789159.03 0.00 50707,704.34 -50.156.82 -n Miscellaneous -1.708.648.44 Repurchase Ire. Eap. 0.00 .24.344.52 Amount Debited S-176,860.875.50 C rn Net Cash Activity ClosIn9Balance 747.59 9992.05 Portfolio Composition Cashttish Equhakmt 992 rued lrcome 13.466.661 Total 513 487 653 Cash Balance Summary r 0,04,0 Margin 244.46 992.05 Net Cash Balance 9244.46 5992.05 86S0SE00- O19- ANGS Seer. Sans Seo.e6es ae wawa Centel l‘ter, Itol4r, Now YOE 11201.3469 12121 ? 2.1000 FINANCIAL TRUST CO INC sramerwr some August 30.2003 n4ACAKA. Smarty 30. 2003 ACCOUNT NUHSER TAXPAYER NOWA On Fie LAST *TAMAN" AL9N. 29. 2003 Your Portfolio Allocation (EMI 1-comit—, 100% U • 4.3•4 preen sunw e.ot bow. rev 4%.14 meat .Ma.. TN. Mm .. perartain, a orived fres no Wont nun .444. o raw re/04 027 I0DtW..3 54 001 VII) EFTA01320785 rn 8 b.) b.) b.) 0 -n C in r 66SOSEOCIA19- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Gem Steams b Co. Inc. 383 Madison Mende New York. New sticek 10179 (212) 272-2030 4 cell Your Portfolio Holdings CASH S CASH EQUIVALENTS otscaTros CASH BALANCE TOTAL CASH & CASH EQUIVALENTS 5992 SYMBOVCOSP csnstArn) CURREN( COJCITry P*CE vALUL AMICK ACME TIM 04) 992 FIXED INCOME Government 8, Agency Obligations CCSOSPI1011 STINIOUCUSP WP /OCCT OUNIMY FACE WSW a3C0.43 (3111400) ROM 0103IM 0016M FEDERAL HOME LOAN IATG CORP SERIES 2526 CUSS SI DATED DATE 1001/02 BOOK ENTRY ONLY DUE 02)1512032 5.880% FACTOR . .47247166 31393F086 LEON 12.160.086 9.7796 1.189.206 29.793 715.013 60.1252 FEDERAL NATIONAL MEG ASSN 3136FAL01 MRGN 2,311,383 87.5781 2.024.266 2 23 0.0011 STRIP MTG SERIES 322 CL PO DATED DATE 03/01/02 BOOK ENTRY ONLY DUE 03301/2032 001% FACTOR • 1.00000000 FEDERAL NOME LOAN MEG CORP SERIES 2471 CLASS YT 31392R6U0 MRGN 43.312.333 3.2974 1.428.182 18,050 433,123 30.3269 DATED DATE 0107/02 BOOK ENTRY ONLY DUE 03/15/2032 1.000% FACTOR . .43312334 FEDERAL NOME LOAN MEG CORP 313927/32 MRGN 21.800,888 10.1749 2.218,219 62.495 1.499.901 67.6174 SERFS 2488 CLASS SQ DATED DATE 07/06/02 BOX ENTRY ONLY DUE 03/15/2032 6.880% FACTOR - A3601779 021 100141109s 001 Y$13 GUARD) lwituen ITS VA4OLLY &me SueSO4cti as. Sion Socviles Ca One - Canis win W.*" Now Yet 11201.TOSO 12121272.1000 FINANCIAL TRUST CO INC STATIMENT nic00 Acquit 30.2003 TI91010.. ACCOafir MAISCR T/JaWfUt MAeER OAST STAroiner Swoons.* 30, 2003 on Au9nt 29.2003 EFTA01320786 En I8 IJ lug IJ 10 IJ IJ 0 E I m z r 00905£00- O19- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New York. New York 10179 (272) 272.2000 5 •1 Your Portfolio Holdings (continued) Government & Agency Obligations (conthued) OISCRI21)34 FEDERAL HOME LOAN MEG CORP SERIES 2483 O. St DATED DATE 07,02/02 BOOK ENTRY ONLY DUE 03/15/2032 5,880% TACTCR - .43601778 OCCI a THE 3139216E2 MRGN CRIONITY 25,151.656 ACCRUED RRCE vatal vitUf Patna 9.8365 2,474,037 61,619 CLIME° tatecati ass irm0u22 01.14D SuBSCivolV Bar. Sawa Saunas CO' Cne kt— tett NerV, Beaser. We WA 11201.3854 RID Z22.1000 FINANCIAL TRUST CO INC STATEmea PEA220 AK= 30,2403 Ti4ROUGH SepterN:er 30.2003 ACCOuNT mutat,. TAXPAYER emcee On Mk 1.04T BTAlluEta Atsult 29.2003 I3104271D 0200114 NOM WOW Tab 114 1.478,917 59.7775 FEDERAL NAT/ONAL MTG ASSN SERIES 2003-49 CLASS SW DATED DATE 04.00(03 BOOK ENTRY ONLY DUE 01/25/2013 5.890% FACTOR .81588587 Total GOvernment& Agency Obligations 31393C2C6 IIARGN 19,831,541 10.4766 2.077.667 16,225 1,168,078 56.2207 511,411.577 5188,184 $5,295.055 Corporate Bonds DESCRVTION FANNIE MAE CIVOiSERIES 2002-82 SK4D FLTR DATED DATE 10/02,02 BOOK ENTRY ONLY CW101292031 6.940% FACTOR - .62169757 Total Corporate8onds TOTAL FIXED INCOME ACV SYMEOUCL612 31392FS73 MRGN Ctelnirl ACCO4ED LSTNATID CURRIM1 VALUE MIRES, NfMMJ 140314 MD IV 15.542.438 13.2224 2.055,084 14.982 1.078.645 52.4867 52.055.084 514,982 51.078.645 513.466.661 5203.166 56.373.700 YOUR TOTAL ACCRUED INTEREST 5203,166 YOUR TOTAL ESTIMATED ANNUAL INCOME $6.373.700 YOUR PRICEDPORTFOLIOHOLDINGS 513.467,653 027 m0.011054 eel val7 EFTA01320787 ITS 8 IJ 41 IJ IJ BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 matIlson AVONILle New York. NOW York 10179 (212) 272-2000 6 a is Transaction Detail INVESTMENT ACTIVITY SETTLEMENT /401 DM1 CAM IRMISAC11014 09/15/03 08/04/03 CANCEL SW. -n 09/15103 06/17/03 BOUGHT C in 09/15/03 08/04/03 SOLD 09/1663 08/17/03 CANCEL BUY r 09/15/03 07/28/03 BOUGHT 00/15103 07/28/03 BOUGHT TO9OSEOCIA19- ANGS DEsuarnes/ FNMA-30YR(FNMA)GTE1 SETT.09/03 DUE 09/01/2033 05.000% 0987280211332 REF 12003090446860000 85 AS Of DI3/04/03 TO M PREVIOUS SELL FNMA30YRUNTAI3GT0 SET7.09.03 DUE 09/01/2033 06.000% 0987280211332 RE/ 0 2003061746340000 BS FNMA-30YR(ENMA)GED 507.0903 DUE 09012033 05.000% 0987280211312 REF a 2003080446880000 BS ENNA30YR(FNMA)G1D SETT.09.03 DUE 09.111/2033 05.000% 0987280211332 RFF * 2003061746340000 85 AS Of 06117103 TO CAL PREVIOUS BUT FNMA 30YR GED SETT. 09/03 WE 09/01/2033 05.500% 0987135514332 REF • 2003072846180030 BS AS Of 07128/01 FNMA 30YR GTO SETT. 0903 CUE 0901/2013 05.500% 0987135514332 REF • 2003072846180000 BS a5-41f0 nietouca. 'Ts ViKtiv OAINE0 IttlaCMAY Sex Stem Smwon CoP ac Meintech Catr 104 Iroothrt Se York 1120141150 810 272.1000 FINANCIAL TRUST CO INC STATELOCT KISCO ALcia 30.2003 THR0ECAI Seawater 30. 2003 ACCONIT snmSER T/09AYEA NWOER CA File LAST STATEMENT .07.451 29.2003 SYPASSACuS/E OMMIltt Pelf£ AMOUM CREW /MOM 5N98144 10.003.003 94.98438 9.498.437.50 5N98144 10,000.000 101.46875 10,146,875.00 9498144 -10.003.000 94.98438 9.498.437.50 5N98144 -10.000.000 101.48875 10.146.875.03 5N98292 10,000,000 100.10938 10.010.937.50 5N98292 10.000,000 100.10938 10.010.938.00 OTE 1001/33:1064 001 in%) EFTA01320788 Waco 114,0113m ITS %POW( OPINED SuISPARr BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New York. New Tort 10179 (212)272-2000 7 013 Transaction Detail (continued) INVESTMENT ACTNITY (continued) SC111014T IRCE Wf CATE 01.161.01011 09/15/03 07/07/03 BOUGHT 0 0905/03 07/29.003 BOUGHT -n 0911503 09/03/03 CANCEL SELL C rn 09/1503 07/28/03 CANCEL BUY r 09/1503 07/28/03 CANCEL BUY 09/15/03 07/07/03 CANCEL BUY Z0905£00- O19- ANGS I8 IJ 1,2 41 b.) CESCRIPSON FNMA 30YR GTO SETT. 09/03 DUE 0901/2033 05.500% 0987280211332 REF • 20030707541=00 BS FNMA 30YR GTO SE1T. 08103 DUE 09101/2033 05.500% 0987016110332 REFS 2003072948000000 IS FNMA 30YR GTD SET!. 09/03 DuE 09/01/2033 05.500% 0987280211332 REF • 20030903462110i:00 EIS IS OF 09/0303 TO CAL PREVIOUS SELL ROM 30YR GTD SETT. 09133 DUE 09/01/2033 05.500% 0987135514332 REF • 2C03072848180000 BS AS OF 07/213/03 TO CAL PREVIOUS WY FNMA 30YR GTO SETT. 0903 P/C 09/01/2033 05.500% 0087135514332 REF O• 2003072846180000 0708/03 BS AS F TO CAL PREVIOUS WY FNMA 30YR GTO SETT, 09/03 WE 09.01/2031 03500% 0087280211332 REF * 2003070754350000 BS AS OF 07/07/03 TO CXL PREVMUS BUY M. Swap Setae. Coss Ore Prows c_ WA 13330131. Mar 013 301.2369 212) 313.11100 MANUAL TRUST CO INC Stotmee ot SOO AuSuSt 30. 2003 Tm110u0H Spume* 30.2003 ACCOPrt /MOM TossAvOt we MBT STATDADAT On Pie A19351 29. 2003 SIAM/CUSP Cluutmv met 01.211 AMOUNT CAM AUOUNI 5088292 20,000,000 102.25000 20.450.000.0) 5098292 35.000.000 99.48438 34,819,531.25 5898292 65,000.000 98.80078 64.220307.81 5098292 -10.000.000 100.10938 10010937.50 51498292 40400000 100.10938 10.010.938,00 5/098292 .20.000.000 102.25000 µ 20,450,000.00 027 1001/03:1044 801 11413 EFTA01320789 0 m cim H r £090SEOCIND- ANGS BEAR STEARNS OFFCE SERVICING YOUR ACCOUNT Sear. Steams & Co. Inc. 383 Manson Avenue Now York. New VW< 10179 (212) 272-2000 Transaction Detail (continued) INVESTMENT ACTIVITY (contimx6) SOTLWENT MADE DE OATE TION144,04 44SCRIPCN 09/15/03 07/29103 CANCEL BUY FNMA 30YR GTD 5K98292 -35.000.000 99.48438 34.819.531.25 stn. 09/03 DUE 09/01/2033 05.500% 0987016110332 REF # MO072946090020 BS AS OF 07/29/03 TO CXL PREVIOUS BUY PleINXRUSP WARD) nwouow rrS rmcur Ovn4D SueStiar 8•47 suns Seams Cap. Wentect, Comet teat Itccita. Nita Tot 112014959 (212) 2/2-1000 FINANCIAL TRUST CO INC ST MINT PSROD August 30.2003 THROIAM Sellember 30.2003 ACCCurt MACSR mow= warn CM Tit LAST SURMA" August 29.2003 Cc t1m Pm, COW MIOUhl MIXT AMCW 09115/03 09/03103 SOLD FNMA 30YR GTO 5N98292 45.000.000 98.80078 64.220.507.81 SETT. 0903 ME 09/01/2033 05.500% 0987280211332 REF • 2003090346290000 BS 09/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CM. 31392R6U0 4,205,000 SERIES 2411 CLASS Yr 1800 DUE 03n5/32 PRNOPAL RECUC1N 0815-03 09/15/03 PRINCIPAL FEDERAL HOME LORI MTG CORP 313928600 -487 SERIFS 2471 CLASS Yr 1000 WE 03/16132 PRINCIPAL REDUCTN CO4543 09/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 3139276E2 -3.60%000 SERIES 2483 CL SI. 5,880 OM 03/15/32 PITICIPAL REDUCIN 09-15-03 09/15/03 PRINCIPAL FEDERAL HOME LOAN MEG CORP 3139216E2 -553 SERIES 2483 CI. Si. 5,880 DU L E 03/15432 PRINCIPA REDUCTI4 09-15-03 09/15/03 PRINCIPAL FEDERAL HOME LOAN MG CORP 313927/32 -ir123,000 SERIES 2488 CLASS SO 6.880 DUE 03/15/32 PRINCIPAL REDUCTN 09-1543 09/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 313921132 -479 SERIES 2488 CLASS SO 6.880 DUE 03/15/32 PRINCIPAL REDUCTN 09.15-03 027 10001/0t1446 001 VII) EFTA01320790 BEAR STDNRNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Ma son Avenue New WA, New Yeek 10179 (212) 272-2000 9 ern Transaction Detail (continued) INVESTMENT ACTIVITY (cominued) CLEM» ~COCA mi mart* CfAutO SUBSCuRv Na'. Rums Wanes Cc. a.Øn CAA* 11011 boalp. Xw Teel 1120,4859 C2121 112.1000 FINANCIµ TRUST CO INC STATE'S« PEACO Altiusl 30, 2003 710C4.514 Se{tentge 30.2003 80020/67 Wale T•XP8rt11 WAWA LAST STATDÆNT Au3ult 29. 2003 WNW« IRA« MR art 11ANSACII3N IXSCRIPTICH 571.930CUSIA CuAlain MALI Ot8ITAVINJPrt CROW AMOUIO 09/15/03 PRINCIPµ FEDERµ HOME LOAN MTG CORP 31393F686 -1.601.000 SEWS 2526 CLASS SI 5.850 DUE 02/15/32 PRINCIPAL REDUCTN 09-1543 09/15/03 PRINCIPAL FEDERµ HOME LOAN MTG CORP 31393FG86 -287 SERFS 2526 CLASS SI 5.880 DUE 02n 542 -n 09225703 PRINCIPAL PRINCIPAL REDUCTN 09.1543 FEOERµ NATIONAL MTG ASSN 3136FALEW 307237.03 STRIP MTG SERFS 322 CL PO 0.001 DUE 03/01/32 • PRIN RID 08-03 F19 094543 REPOP & I 0.0000 in 0825/03 PRNCIPµ FANNIE MAE GAO/SEINES 2002-82 S840 FUR 31392FS73 -1,534,000 6.930 DUE 10/25/31 PRNCPµ REDUCTN D9-25-03 09/25/03 PRINCIPAL FANNIE MAE CMO/SERIES 2002-82 31392FS73 -778 3840 FLTR 6.930 DUE 10/26/11 PRNCPµ REDUCTN 09-25-03 r 09/25.103 PRINCIPAL FEDERµ NAllONAL MTGASSN SERIES 2003-49 CLASS SW 5.980 DUE 01/25/33 31393C2C6 -1.090,000 PRINCPAL REDUCTN 0925-03 09/25/03 PRINCIPµ FEDERµ NATIONAL MTGASSN 31393C2C6 -570 SERIES 2033-49 CLASS SW 5.880 DUE 01/25/31 PRINCIPAL REDUCTN 09-2543 TOTµ $-159,157.227.06 5159,464,464.06 6090S£00 W9 027 1001103.1054 001 v813 EFTA01320791 rn IS IJ IJ b.) --3 0 -n C in r S0905£00- O19- ANGS BEAR STEARNS OFFCE SERMING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Macloon Avenue New York. New Yolk 10179 (212) 272.2000 10 a• Transaction Detail (continued) SIATriec IVACO 3300UGH ACCOUNT mAeER TAxPAYE0 Sae ALgtig 30.2003 Septembe 30. 2003 n lie INTEREST LAST STATEMENT Aug= 29.2003 WE OCSCRIPTKIN SYMIOLUISI, OLIOXIITT RUE I OM AMOUNT CRUM mew 09,92/03 AVG 8AL 488.921RT 0.325 128.15 021 CinCE INTERTST 0803 09/15/03 FEDERAL NOME LOAN MTG CORP SERFS 2471 CUSS 17 31392R61.10 1.0000 41.264.85 DUE 03n 92032 1.000 INTEREST PATIENT 0945.03 09115/03 FEDERAL HOME LOAN MTG CORP 31392T6E2 5.8800 141,140.15 SERFS 2483 CL Si. DUE 03/15,7032 5.880 eilERFST PAYMENT 09-15-03 09/15/03 FEDERAL HOME LOAN MTG CORP 313921/32 6.8800 143.107.41 SERFS 2488 CLASS SO DUE 03n52032 6.880 MEREST PAYNENT 09-15-03 09/15/03 FEDERAL NOME LOAN MEG CORP 31393FAF3 &2800 168,159.56 SERIES 2530 CLASS SE WE 02/15/2032 6.280 NT RA) 08-03 ND 094543 REPO P 6I 6.2900 09/15/03 FEDERAL NOME LOAN MTG CORP 31393FGB6 5.8800 67.545.40 SERIES 2526 CLASS Si WE 02/15/2032 5.880 MEREST PAYMENT 09-15-03 09/75873 FAN NIE MAE CMO/SEPJES 2002-82 31392F573 6.9300 98.763.24 SCUD FITR DUE 10/2512031 6.930 INTEREST PATIENT 09-25433 09/25/03 FEDERAL NATIONAL MTG ASSN 31393C2C6 5.8800 102.692.4D SERFS 2033-49 CUSS SW DUE 01/25/2033 5.860 INTEREST PAYMENT 09-25-03 TOTAL 5762.607.16 027 100103 10 54 COI 9111 -1.00U3N ITS wmccor M.&0 StA31.13m9 Oar. 3bwre 5«triti Corp. Coo meraec, Com Volt, Beccer. Veto rca 11101-3859 2ID 272.1:00 FINANCIAL TRUST CO INC EFTA01320792 CUP/a0 TiaCt.3), rye VMCU.Y Ovna0 PuttMate 0 -n C rn r 90905£00-O19-ANGS 8 b.) IJ 41 b.) 00 00 BEAR STEARNS OFFICE SERVICING YOUR ACCOJNT Bear. Steams 6 Co. leg. 383 Madison Avenue New York. New York 10179 (212) 272-2C00 11 a •1 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stearns& Co.lne. SURDA017 CATE DATE 19.6NSALICa CASCRIP1101. SnallOUCUSP GNAW( DOM MOM MINI alit 09/05/03 JOURNAL ADP CO 8888888 5.033.000.00 FITM-PR F1643206014 8.625 DUE 12131149 2074420692 Dew. Sian Sauget Cap. one Matuat Cater Nall) Omer Nat bat 11Z01.3359 (211,12P2.1C00 FINANCIAL TRUST CO INC sTattatar PRA= Aufpal 30.2003 twocuo, Seplerrter 30.2003 ACCCON7 NIAMER mama% apaCA 01 bit LAST STATIMPT AUQUU 29. 2003 09/05/03 JOURNAL ADP CO 8888888 5,033,000.00 ITIM•PR F2483202011 8.625 DUE 12/31/49 2074420692 09/05/03 INTEREST ADP CD 8888888 685.05 DUE 12/302049 8.625 Frrm-PR F1643206014 2074420692 09/11/03 JOURNAL FEDERAL NATIONAL MTGASSN 3136FAL01 2.311.383 STRIP FAG SUES 322 CL PO 0.001 CIJE03/01/32 FITAURGN F2053168 A2 TERM REPO AGREEMENT 09/12/03 JOURNAL ADP CD 8888888 3.283.000.00 FIIM-FR F2483202013 8.625 DUE 12/31/49 2074420692 09/12/03 JOURNAL ADP CO 8888888 5833.000.00 num* F2483202012 8.625 DUE 12/31/49 2074420692 09112/03 INTEREST ADP CO 8888888 627.73 DUE 12/31/2049 8.625 FMA•FR F2483202012 2074420692 09/29/03 JOURNAL ADP CO 8888888 3.283.000.00 FrtM-PR F2483202014 8.625 DUE 12/31/49 2074420692 027 ieenoricis. eel vin3 EFTA01320793 0 -n C in r LO9OSEOCIN9- ANGS I8 b.) IJ b.) BEAR STEARNS OFFICE SERVICING 117UR ACCOUNT Sew. Stearns 4, Co. Inc. 383 Madison Avenue New York, New York 10179 (212) 272.2000 12 au Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SAM DAM NUM DATE DATE TRANSICIO1 oCkfaantra 511.910/0/512 COMM DM AVOW 01100 1810UNT 09/2903 JOURNAL ADP CD 8888888 3.283.000.00 FITM.PR F2483202015 8.625 DUE 12/31/49 2074420692 09/2903 JOURNAL ADP CD 8888888 3.283.000.00 FITISPR F2483202016 8.625 DUE 12/31/49 2074420692 09129103 JOURNAL ADP CD 8888888 4,396000.00 FEIM-PR F2483202017 8.625 C4JE 12/31149 2074420692 09/29/03 MTEREST ADP CD DUE 12/31/2049 8.625 8888888 1.045.09 FrrMeR F2483202014 2074420692 TOTAL 5-15.995.000.00 516.634.357.87 MISCELLANEOUS CLEANED TMIOUGN 118 Wetly OWNED SUESIDIART Yu Swans Se010/4 lap (re *Meth Caw NET Ilroutbn. Not Yak 112014859 (2121 2720020 FINANCIAL TRUST CO INC STATINENT ounce Autuu 30.2003 TNROU001 Septerrter 10.2003 ACCOUNT NUVIIER TOXPAYER kweet Co Fee LAST STATCUENT Au9.81 29.2013 DA11 MUTAT 11014.14101 C0011•00/ DM MEOW MOP MEOW 09/12/03 JOURNAL FNM430YR(FNMA)GTO 648,437.50 SETT.0903 5.000 DUE 09/01/33 M85 NET 09112.03 09/12)03 JOURNAL FNMA 30YR GED Sin. 09103 1.059.060.94 5.500 DUE 0943103 m8S NET 0912403 0915/03 JOURNAL AUG 03SPEC CLEARING FEES 250.00 TOTAL 3.1.708448.44 077 1001.011054 001 ve13 EFTA01320794 0 -n C in z r 8090SEOCIN9- ANGS 8 1.2 BEAR STEARNS OFFICE SERVICRAG YOUR ACCOUNT Bear. Steams & Co. Inc. 383 machson Avenue New Ycd. New Tort 10179 (212) 272.2000 13 au AT CAIRO THAW& ITS %%MOLL fTWICD SIJIISOMNI Saw. Slain SAALAN5 Ccla One 5TeroosTIT COMM Ram ORRARn. —Yoh 11201.1659 1212) 212.1000 FINANCIAL TRUST CO INC sTAttign WACO AtRust 30.2003 Sagenter 30. 2033 Trades Executed Pending Settlement SOTLCIIIENT TRADE DATE DATE TRANSACTOR OESCOSITON macaws* GUANTITA PRO ACCOUNT WARR TAXPAYER WRIER Illtm LAST STATERENT &Rust 29. 2003 OTOR mane CREW 0.10uUT 10/15/03 09/30'03 BOUGHT DI. HOME LOAN MTO CORP, S03602 3.489.227.00 82.3125 2.872.070.30 SERIES 223 CIA.% PO DUE 1201/2032 0987022118332 REF 0 2003093046840000 BS 10115/03 09/03/03 BOUGHT ENMA•30YR(FNIAA)GTD 51195388 65.000.000.00 98.4062 63.964.062.50 SETT.10/03 DUE 10/01/2033 05.500% 0987280211332 REF • 2003090346250000 BS 10/15/03 09/04/03 SOLD FNPM.30YR(FNMA) MD 5/095388 -15.CODOCO.00 98.9687 14.845.312.50 SETT.10/03 WE 1001/2033 05.500% 0987031317332 REF • 2003090454000000 BS 10/15103 09105/03 SOLD FASAA-30YR(FNMA)610 5N95388 -10.000.030.00 99.5312 9.953.125.00 SETT.10/03 DUE 1001/2033 05.500% 0987031119332 REF * 2013090546050000 BS AS OF 09/0503 10/15/03 010503 SOLD FAIM4-30YR(FNMA) GTO 51495388 -10.000.000.00 99.5312 9.953.125.00 SETT.1003 DUE 1001/2033 05.500% 0987031119332 REF • 2003090546050000 BS 10/15/03 09/05/03 CANCEL SELL FNM.A.30YR(FNMA)GED 5N95388 -10.000.000.00 99.5312 9.953.125.00 5ETT.10/03 DUE 1001/2033 05.500% 0987031119332 REF • 2003090548060000 65 AS OE 09106/03 TOTAL 376.799.257.80 334.751.562.50 T. tog tilOOS m a some w any otter noon ef w ffs•neel. 027 100103.1014 001 1913 8 EFTA01320795 IOEIZZOOV.L43 0 m C in r _ 60905£00 IN9 ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Beet. Stearns & Co. Inc. 383 Macedon Avenue New York. New Yak 10179 (212) 272-2000 CU-um Mean.. TS ife4OLLY OWSED SLAISOARY kr. Sten Sens Cap. One Weerotexn Caw Werth Mohr. — Reg 11201.3ES9 1212) 271.1000 frautraAL TRUST CO INC ACCOUNT EXECUTIVE GNMA GOVT BOND STATOR:NT mei= lull 26.2003 VISIT OUR WEBSITE mrrobearateann.com ThREACH AUpuSt 29.2003 What's In This Statement Ilndltttlttltll Ill AccoAre AuAlER TAXPAYER MASER Os Fie Financial Summary 3 FINANCIAL TRUST CO INC LAST sTATCvner APT 25.2033 Your Portfolio Holdings 4 C/0 JEFFREY EPSTSN 6100 RED HOOK QUARTER Transaction Detail 6 STE 83 Trades Not Yet Settled 13 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cara & Equaan — 6244 TOTAL VALUE OF SECURITIES NIS FERCO 13.626.053 5531.555 LONG ACCRUED MEREST 210.286 F t4 513.626.053 NET CREDIT BALANCE 244 Kura NET ECPATT TICS PeM00 MI Current marker Yaks) $13,836.583 mat statement's menet value NET EQUITY LAST STATEMENT 19.252.646 CHANGE SINCE IAST STATEMENT -5.416.063 There are no Stop Loss' orders or Met pending buy or sell open orders on file for your account. 518.500.041 SIM TITS Ern" PalTormtbrel gna. Wynne:it nrato 304 UT barumn Troi argaire redo es ware* b yet row% SHIP/WY fo• iTpatift kOpmsozn. 017 041,3003.13 IS CO1 Important Message Bear Steams is pleased to announce ces convers,on to a calendar month-end statement. Effective September 2CO3.your IICCOLO1 statement we reflect MI acbvity and aCCOunt valuation up to and moiling the last business day of the month. 41112 EFTA01320796 CLIME* THROWN rtS ‘31.033 Owliro SuaS00JEY eta. Stens Strum tap. one Mental* Cow 1100 177038... Nat rat 11201.3859 CM 212.1000 FINANCIAL TRUST CO INC 2 014 0 -n C in z -H r OT9OSEOCIA19- ANOS IS to 1./.3 8 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 003042:12:13 OM EFTA01320797 BEAR STEARNS OFFICE %MKTG YOUR ACCOUNT Bear, Steams & Co. Inc. 383 Madison Avenue New Yon( New York 10179 (212) 272-2000 0 30114 Cash Flow Analysis nee pude° Income Summary THIS PERO) raft 10 OAT( Opening8alance Securities Sold DividerchAnterast Miscellaneous Amount Credited 5531.555.12 37.638.376.55 887.353.09 529.666.62 539.055.396.26 God. Agency Mt. Corp. Bond ht. Great Balance Int Reverse Remschase Iri. Total Bend Purchase Int. 774.898.10 112A13.41 41.58 1376.55 5890.729.64 0.00 7.126.965.15 8438.715.93 803.30 16.060.93 58.032.545.31 -50.156.82 -n Securities Bought Miscellaneous .36,628.000.00 .2,958,706.92 Repurchase M. Erp. 0.00 .24.344.52 C rn Amount Debited Net Ceti AelMty 5.-39.586.706.92 -531.310.66 Portfolio Composition CasIstash Equiv./ern 244 Closing Balance 5244.46 Feed Income 13.626.063 Total 513.626.297 r IT9OSEOCIN9- ANGS I8 IJ IJ Cash Balance Summary Margin 531.555.12 244.46 Net Cash Balance 5531.555.12 $244.46 027 DYJOp1.13 IS 001 0 -EARED TIRMCM In RAO./ OARED MASIMARY S . Stern Starts. CCM. Cm• Mtbelech Cent NOM °Katy\ Ms rot 11201.38$9 1214 272.1020 FINANCIM. TRUST CO INC STATEMENT PERM* my 26.2003 riniOuce4 ALgum 79.2003 ACCOMIT MAW TAXPAYER WOOER On at UST STATTAINT Jul, 25. 2003 Your Portfolio Allocation Fad Income- 100% WOWS Radom amMa 6.4t tate* smite mai mat .ran. M., scout rettaliro H Cow titer, We *Ovate h ash mice ea >tar wino 4511 EFTA01320798 CLEARED TERM/4 ITS VIACALv 0704.0 SuSIMARY -n C rn r ZT905£OO-O19-ANGS 8 b.) IJ BEAR STEARNS OFFICE SERVICING YOUR Aet0Usfr Bear. Stearns 6 Co. Inc. 383 medium Avenue Now Yak. New York 10179 (21 2) 272-2000 4 sit Your Portfolio Holdings CASH 8 CASH EQUIVALENTS DES0117TION CASH BALANCE TOTAL CASH & CASH EQUIVALENTS MARKET eaCt VALE MEAL= CLEMENT AAPALLL ROA TIRO 113 FIXED INCOME Government & Agency Obligations OESCRVION 31111XX/CUSIP 'Cl Gummy PACE SAME VALLE DECELED MKS! 23111.010 ANIMAL MCCUE 0.111100 woo LEI FEDERAL NOME LOAN MTG CORP 31393FGB6 MRGN 13.761.373 10.2416 1.409.390 31.523 810.545 57.5103 SERIES 2526 CUSS 54 DATED DATE 1001/02 BOOK ENTRY ONLY DUE 02/15fX02 5,890% FACTOR • .53468856 FEDERAL HOME LOAN MTG CORP 31392R6U0 AARON 49,517,820 3.7670 1,885.312 19.260 495.178 26.5467 SERIES 2471 CUSS YT DATED DATE 0607/02 BOOK ENTRY ONLY DUE 03/15/2032 1.000% FACTOR . .49517821 FEDERAL HOME LOAN MTG CORP 313927/32 MRGN 24.924,367 11.2060 2.792.769 86,780 1.717,289 61.4905 SERIES 2488 CUSS SO DATED DATE 07)08)02 BOOK ENTRY ONLY DUE 03/15/2032 6.890% FACTOR . .49848736 FEDERAL. HOME LOAN NRG CORP 3139216E2 MRGN 28.755.209 10.4299 2.999.138 65.864 1.693.682 56.4723 SERIES 2483 CL SL DATED DATE 07/02/02 800K ENTRY ONLY OLIE 03116/2032 5.890% FACTOR .49848736 Bear Rea Saint Cap Ore AtenvAch Cow Mn Snap M. Yon 11201.31)52 0121 272.1033 FINANCIAL TRUST CO LNC STETWERT PERKO My 26.2001 Doman Amon) 29.2003 Acen NT NUAKR TAXPAYER ALEASCRI FI NET STAID/ENT JO 25. 2003 027 02/300=13:15 ml VElt EFTA01320799 to 8 IJ O -n C in r ET905£00- 019- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCCUM Bear. Steams 8 Co. Mc. 383 Madison Avenue New York. New York 10179 (212) 272.2000 5e4 Your Portfolio Holdings (continued) Government 8 Agency Obligations (corrimec) SVIASOLCVSIP FCC off WANT" >ME MOW YAlur ACCRUED 0499251 (nano Walt SCOW CURRO4 YEW OP FEDERAL NATIONAL MTG ASSN SERES 2003-49 CLASS SW DATED DATE 04,3003 800% ENTRY ONLY CVE 01/2512033 5,890% FACTOR - .86075034 Total Government& Agency Obligations 31393C2C6 PARCH 20,922.051 10.5000 2,196.815 511.263,424 13,692 $197.119 1.232.309 55.949.003 56.0953 Corporate Bonds DESCRIIIION SWINOUCLIS1 AX1 mew Cramarry ron. VAN° vALLE lt-CtIAD MINS' ISTIVATED 4•422142 PECOut Oaf III 51O.OIL FANNIE MAE CMOISERIES 2002-82 SKRO FUR DATED DATE 10402/02 BOOK ENTRY ONLY DUE 10/25, 2031 6.940% FACTOR . .683Cettee Total CorporateBonds 31392FS73 MRGN 17.077.216 13.8350 2.362.629 52.362.629 13,167 513,167 1,185.159 51,185,159 50,1627 TOTAL FIXED INCOME 513.626.053 5210.286 $7.134.162 YOUR TOTAL ACCRUED INTEREST 5210.286 YOUR TOTAL ESTIMATED ANNUAL INCOME 57.134.162 YOUR PRICED PORTFOLIO HOLDINGS 513.626.297 0.2.9810 1101COGH Rj ve19:545, MIMEO 31.19:5001ARY lika. Sewn. Searees WO. Coe 11545acn Crew Ikon &COWL MVO Yen 112014859 (212I 2724020 FINANCIAL TRUST CO INC STATEiana MOOD My 26.2003 TI480201 km.m 29.2003 P4COutif mom TAXPANTR mad On Fle LAST srAmerr my 25. 2003 027 09,3001 12 15 WI YTl2 0 EFTA01320800 rn 8 IJ U.) 0 -n C rn r VT90SE00- O19- ANCIS BEAR STERNS OFFICE SERVICING YOUR ACCOUNT Bead. Stearns & Co. Inc. 387 Madison Avenue New York. New York 10179 (212) 272-2000 6 ten Transaction Detail INVESTMENT ACTIVITY SE1119.0.7 MOE OAR OAR NUISACIIMI DESCRIPT311 SNOCUCINP AOCCMIT mxPAY19 M.M1ER On Me LAST !OATS WSW MV 35.2003 OUNIM PRICE MEM NOON MOM NENT 08107103 JOURNAL FEDERAL HOME LOAN MTG CORP 31393FAF3 5 SERIES 2530 CLASS SE 0293 DUE 02/1542 08/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392R6U0 -8.957,000 SERIES 2471 CUSS YT 1,000 DUE 0115132 PRINCPAL REDUCIN 06-15.03 08/15/03 PRINCIPAL FEDERAL HOME LOAN MEG CORP 31392R5U0 -892 SEWS 2471 CLASS YT 1,WO DUE 0115/32 PRINCIPAL REDUCER 0615-03 08/15/03 PRINCIPAL FEDERAL HOME LOAN MEG CORP 3139276E2 4.201.000 SERES 2483 CL SE 5.896 DUE 03/15/32 PRINCIPAL REOUCIN 00.1543 08/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 3139276E2 486 SERES 2483 CI. 1. 5.890 DUE 011132 PRINCIPAL REDUCER 08.1543 08/15/03 PRINCIPAL FEDERAL NW( LOAN MTG CORP 31392032 -4,508,000 SERIES 2488 CLASS SO 6.890 DUE 03/15/32 PRINCIPAL REDUCER 084503 08/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392032 -878 SERIES 2468 CLASS SO 6.890 WE 03/15132 PRICVAL REDUCER 0815-03 08/15/03 PRINCIPAL FEDERAL HOME WAN MTG CORP 31393FG86 -2.496.000 SERIES 2526 CLASS SI 5,890 DUE 02/15/32 PEEWIT& REWCTII 08-15-03 08115/03 PRINCIPAL FEDERAL HOME LOAN MEG CORP 313931686 .782 SERES 2526 CLASS SI 5180 DUE 02/15/32 PRPTCPAL REDuCTIT 08-15-03 DIMES !MONK ITS WSCSLY MONO SLOSO9fry Sew. Swann StarteS Cap. Eno %Mown Crm Path Omar_ Pop Yeet 11101.3159 (216272.1000 FINANCIAL TRUST CO INC STATEN/If NINO AN 26.2003 THROWN ANN 29.2033 027 CONO3:131$ OM N12 EFTA01320801 BEAR STURNS OFFICE SUMCING YOUR ACCOUT Bear. Stearns 6 Co. Inc. 383 Mt/0w Menus New York New York 10179 (212) 272-2000 7>14 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) srnuecor otriN COX MR MAMACCON MSCAPIXIII SVPMOUCUSP COMM PRICE CCM ANCUI0 Calor MUM 08/25103 PRINCIPAL FANNIE MAE CMO/SERIES 2002.82 31392F573 -2,332.000 SK4A) FLTR 6.950 WE 10/25/31 PReCIPAL REOUCTN 0845-03 0812903 PRINCIPAL FANNIE MAE CIAO/SERIES 2002-82 31392F573 -292 5K-AD FUR 6.950 OLE 1012541 ii 0845/03 PRINCIPAL PRINCIPAL REDLICTN C04503 FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW 31393C2C6 -1.801.000 5.900 DUE 012933 PRINCPAL REDUCTN 003-25-03 in 08/25103 PRSNCIPAL FEDERAL NATIONAL MTG ASSN SERiES 2033-49 CLASS SW 5.900 DUE 0125/33 31393C2C6 420 PRINCIPAL REDUCIN 08-2503 TOTAL INTEREST ar-010 TkpoLCK rti %%Cu. Om= SuILSOARY kw. SYn. Snflies Com ere Yemen Call POT troatti. Pm. Vat 11201.11ISS t212) 272.1000 FINANCIAL TRUST CO INC STAnaea PU003 Mr 26.2003 roPtueut AuguSt 29.2003 Aoccwer PiuMeR TAXPAAR MUMPS On rile 1MT STATSUENT Ai1f 25.2003 r ST9OSEOCIN9- ANGS 8 IJ OME OESCR•110.1 07/28/03 AVG BAL 146,204RT 0.385 021 OFFCE INTEREST 0703 SYMIOUDISP OUMTIVI PM (IQ Offin Avata MCP MOM 41.58 08115/03 FEDERAL HOME LOAN MTG CORP SERFS 2471 CLASS VT DUE 03/1542032 1.000 MEREST PAYMENT 08-15-03 31392R6U0 1.0000 48.72936 08/15/03 FEDERAL HOME LOAN MTG CORP SIRES 2483 CI. St DUE 03/192032 5.890 MEREST PAYMENT 00-15-03 3139276E2 5.8900 156.75143 021 C*8103:13-15 001 2012 EFTA01320802 anno TeiROUGH ITS woOLLY O•vNe. SueSOMY rrl 8 IJ 00 BEAR STEARNS OFFICE SERVICINIG YOUR ACCOUNT Bear, Sten & Co. Inc. 383 Madison Avenue New Yak. New York 10179 (212)272.2000 8 a bi Transaction Detail (continued) lev San SnUts Or. 0.< ~Itch Gnat Pin Irocktp. LM York 11201.3639 ISM 2/2.1000 FINANCIAL TRUST CO INC STATonT «ROD JO/ 25 2003 Diearo. August 29, 2OO3 PCCOLNT wueet Trnat. Meet On fro INTEREST (continued) DAR ascent», SWICOWSP OtiViTnY RATE N LAST STATDAENT ›i/ 25.2033 0017 ~WOO 08/15/03 FEDERAL HOME LOAN MTG CORP 313921'/32 6.8900 169,072.41 SERIES 2488 CLASS SO DUE 03/15/2032 6.890 INTEREST PAYMENT 08-15-03 0 08/15/03 FEDERAL HOME LOAN MTG CORP 31393/G86 SERIES 2526 CUSS SI 5.8900 79.842.71 DUE 02/15/2032 5.890 INTEREST PROEM 08-15-03 08/18,03 FEDERAL HOME LOAN MTG CORP 31393FAF3 6.2900 198,767.97 F I SERIFS 2530 CLASS SE CUE 02t1 92032 6.290 8-15 REPO PRAT 08/25/03 FANNIE MAE CMO/SERIES 20)242 31392F573 6.9500 112,413.41 rn 5840 FUR DUE 10/25/2031 8.950 MEREST PAYMENT 08-25-03 08/25/03 FEDERAL NATIONAL MTG ASSN 313930206 5.9000 111,724.22 SERIES 2OO3-49 CLASS SW DUE 01/25/2033 5.900 MERE 51 PA,MENT O8-25-O3 r TOTAL 5867,353.09 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS 91905£00- IND- ANGS with Bear, Steams& Co. Inc. StrIllWelt TRAM MAXICIICH DÉSOSPTOPI SneXtuSIP 07/29433 JOURNAL ADP CO 8888888 FITM-PR F16432O5O1,1 8.625 DUE 12/31/49 2074420692 wan 329nAVa.3n MOW ~I 4.185.000.00 07/2403 JOURNAL ADP CO 8888888 6,040,000.00 ETTIA-FR F1643206010 8.825 DUE 12/31/49 2074420692 aRl 01t3~13:1$ 001 1m19 EFTA01320803 -n in r LI90SE00-O19-ANGS 8 b.) IJ BEAR STEARNS OFFICE SERvCaG YOUR ACCOUNT Beer. Steams & Co. Inc. 383 Mattson Avenue New Tort. New York 10179 (212) 272.2000 9 wr 14 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SEEDIEST DIMDE OAT DATE TRANSACTION CESCAPTIEN 07/29/03 INTEREST ADP CD WE 12/31/2049 8.625 FI1M-PR FIE.4320601G 2074420692 07/30/03 JOURNAL ADP CD RIM-PR F164320601) 6.625 DUE 12131/49 2074420692 07/30/03 JOURNAL ADP CD FITM-PR F1643206011 6.625 WE 12/31/49 2074420692 07/30/03 INTEREST ADP CD DUE 12/31/2049 8.625 FTIM-PR F1543206011 2074420492 07/31/03 JOURNAL ADP CD FMAPR Fi64320601L 8.625 DUE 12/31/49 2074420592 07/31/03 JOURNAL ADP CD FrnA-PR 1164320601k 8.625 DUE 12/31/49 2074420692 07/31/03 INTEREST ADP CO DUE 12/31/2049 8,625 FITM-PR 71643206016 2074420692 08/04/03 JOURNAL FEDERAL HOME LOAN MTG CORP SERIES 2530 CLASS SE 8293 DUE 02/15/31 FMMRGN 12163291 Al REPO AGREEMWT CLEARED TAMAN ITS w9OLLY DATED SLIASTuate Se&. Suns Socuim• Cap. one lawatot CaTw TNT &WM; New at 20 TM 014 272.1000 RNANCW. TRUST CO INC STATEMENT Afte00 SAE 26. 2003 THROAT August 29.7003 ACCOUNT MIMPOI TAXPAYER MATER On fie LAST STATDADer July 25.2003 STTOJCUS. TUMMY DOM MACM61 GREEN Meal 8888888 1,256.66 8888888 3.880.000.00 8888888 4,185,000.00 8888888 84.86 8888888 3.000.000.00 8888888 3,880,000.00 8888888 84.07 414-• 31393FAF3 -37.901,958 on OSI300113:15 001 4412 EFTA01320804 C)0 -n C in r 8I9OSEOCIND- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOJN1 Bear. Steams 6 Co. Inc. 383 MadIsm Arenue New Ycek. New York 10179 (212) 272.2030 10 a•. Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS SEW MAO( DAR DAR 1917453011011 DISCRP11011 08/08/03 JOURNAL ADP CD FIDA-PR F16432060114 8.625 DUE 12/31/49 2074420692 Forc rued) 599110UCUSP 8888888 twat* twtot.nm rtS MOLL 05960 991130Var Ova lure 59cuagn Cap. Ono Wrap:9 Cana North 1903.139. Nee an 11701.3559 GM a 2I2.t FINANCIAL TRUST CO INC STATIMINT PIA300 My 26.2033 TWOR7301 Appal 79.2033 Accowa ML* ER TA/MAYER Patel tar STAMILMT AN 25. 2003 atutam ccen annum MAI want 3.000.003.03 08/08/03 JOURNAL. ADP CD 8888888 3,000,000.00 FD1A-PR F184320601N 8.625 DUE 12/31/49 2074420692 08/06/03 JOURNAL ADP CD 8888888 3,000,000.00 RTIAPR F1643205010 8.626 DUE 12/31/49 2074420692 08/08/03 JOURNAL ADP CD 8888888 3.765.000.00 1171.4.PR F1643206019 8.625 DUE 12/31/49 2074420692 08/08/03 INTEREST ADP CD 8888888 464.17 DUE 12/3112049 8.625 FITM-PR F16432060114 2074420692 08/28/03 JOURNAL ADP CD 8888888 3,765=0.03 FIT/A-PR F1643206010 6.625 DUE 12/31/49 2074420692 08128/73 JOURNAL ADP CD 8888888 3.785.00100 FITLI-PR F1643206018 8.625 WE 12/31/49 2074420692 08/28/03 JOURNAL ADP CO 8888888 3.765.000.00 F111A-PR F1643206015 8.62$ DUE 12/31/49 2074420692 08/28/03 JOURNAL ADP CO 8888888 5.030.030.00 FIDA.PR F1643208017 8.625 DUE 12/31149 2074420692 022 066003.1314 001 tit EFTA01320805 rn 8 h.) BEAR STEARNS orrict SERVICING YOUR ACCOUNT Bear. Steam & Co. Inc. 383 Madison Avenue New Yak. New York 10179 (212) 272-2000 11 or Ta Transaction Detail (continued) MAURO THROUGH ITS VORALY OARED SL/32201ARY Sear. — Sourtis c OR 100=0 Crow Mem Orme" Mn Tort I1201.3859 WO 2724070 FINANCIAL TRUST CO INC FTAIlvFM Pt 100 My 26.2003 nsKARAI Au222 29.7003 ACCOuwt mane TAAPAYEA Nab, REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) tion evaviete Jury 25.2003 SinumEm now DAR OAR FRAASACIK*1 ono/senor/ SOAKOCASP granny can M000 mon AMO.P0 08/28/13 INTEREST ADP CD 8888888 1.390.96 0 DUE 12131/2049 8.625 FIIM•PR F1643206010 2074420692 0 08/29/03 JOURNAL ADP CD FITM-PR F16432060111 8888888 5.003.003.00 8.625 DUE 1201/49 2074420692 1 1 08/29/03 JOURNAL ADP CD FR/A-PR F1643206019 µ 8888888 5.030.030.00 8.625 OUE 12/31/49 C in 08/29/03 JOURNAL 2074420692 ADP CD F164320601W 8.625 DUE 12/31/49 8888888 5.000.000.00 2074420692 08/29103 JOURNAL ADP CD 8888888 5.033.000.00 TTIMPft F1643206016 8.625 DUE 12/31/49 2074420692 08/29)03 INTEREST ADP CD 8888888 95.83 r DM 12/31/2049 8.625 171.4-PR F164320601U 2074420692 TOTAL 5-36.628.000.00 537.638,376 55 MISCELLANEOUS 6T9OSEOCIA19- ANGS OAR MOON 171ANSACIICW DISCRIRION OM MOM 07/29/03 JOURNAL 7111.1 TO FRG 531.596.00 07/30/03 JOURNAL MOO AVOW! FITM TO PDC 1.856.257.00 FITM TO MG 30e085.00 07/37/03 JOURNAL 027 cenotatitis ool EFTA01320806 tn IJ IJ [3C-AR STUkRNS OFFICE SERVICING YOUR ACCOUNT Um. Stearns & Co. Inc. 383 Mackson Avenue New York. New York 10179 (21 2) 272.2000 12 Transaction Detail (continued) MISCELLANEOUS (cmitInuird) 111MSACI1ON Ot$C11111011 DUE AvCSNI MCC AMMO ~DIN 08/01/03 JOURNAL FMA TO FUG 250.000.00 08/11/03 JOURNAL FITG TORTA 134,451.00 0 08118703 JOURNAL FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS Yr 1.000 DUE 0.1115r12 7,309.46 P&I TRNFR 08/19/03 JOURNAL JULY 03 SPEC CLEARING FEES 1150.00 08/19)03 JOURNAL FEDERAL HOME LOAN MTG CORP 7.309.46 SERE 2471 CLASS Yr 1.0:0 DUE 03/15/32 PM TRNFR m 06/21)03 JOURNAL FEDERAL HOME LOAN MTG CORP SERFS 2471 CLASS 77 14,618.92 1.000 DUE 03/15/32 Pal IRHFR ADJ. OWE 08727/03 JOURNAL FEDERAL NATIONAL WC ASSN 380.596.70 STRIP MTG SERIES 322 Cl PO 0001 DUE 03401/32 PM MIR r TOTAL $-2 959.705 92 5529.686.62 OZ905£00- IND- ANGS 021 CLINKS 71.1110~ ITS ~my asNE0 SUISSOVirr leis 5— — Cop Ose ilevasech Lefler Sat &Asap. Now Yet 11201441.30 12121272.1[02 FINANCIAL TRUST CO INC STAMM( Meats Jul) 26.1003 TMOG44 &IOU 29.2003 ACCOUNT TMPAYER NUISDI On Fie UST symo.ner July 25.2003 OWAY03:111S 001 V$12 10 EFTA01320807 I'M 8 IJ BEAR STEARNS OFFeE SERYCING YOUR ACCOUNT Sew. Steams & Co. Inc. 383 Madsen Moira New York. New Yet 10179 (212) 272-2000 13 My Trades Executed Pending Settlement OlARI0 n.003,4 ITS Man Owe Sut3OuAt Mt. Nero Seeviles Grp. tee IICOVIttli Otte /teem *Ser. New Tat 11201.1139 1212) 2)2.1902 FINANCIAL TRUST CO INC STAntate Pc M00 key 26.2003 THROWN August 29.2003 ACOOLNT twee. TATPAYER MASER CO rde LAST STATemeNT fly 25. 2003 SMID4Urt Calf IRNZIC art TRAXSAttION OISCRPTON 211.030LCUSIP MC( DON? AseCUTT 09115/03 06117/03 BOUGHT FNMA-30YR(FNMA)GTD SETT.09.173 51498144 1 ,003,000.00 101.4687 10.146.87900 DUE 09/01/2033 05.000% 0967280211332 REF • 2003061746340000 8S 09/15103 08/04/03 SOLD F184/1•30YR(FMAUGED 9498144 -1000000040 94.9843 SETE09/03 -n DUE 0901/2033 05.000% 0987780211332 REF Y 2003080446860000 BS C 09/15/03 07/07/03 BOUGHT FNMA 30YR GM SETT. 09/03 DUE 0%01/2033 05.500% 51498292 20.000,03040 102.2500 20,450,000.00 rn 0967280211332 RU 0 2003070754360003 8$ 09115103 07/28103 BOUGHT FNMA 30M2 GTO SETT. 09103 998292 10,003403.00 100.1093 10,010,938.00 DUE 09101/2033 05.500% 0961135514332 REF it 2003072946180020 BS r 0915/03 07128/03 BOUGHT MAR 30YR GTD SETT. 09103 CUE 09/01/2033 05903% 0987135514332 9198292 10.000.000.00 100.1093 10.010.937.50 REF • 2C03072846180000 OS AS OF 07/28/03 09,16/03 07/29103 BOUGHT FNMA 30YR GTD 51498292 35,000,000.00 904843 34.819.531.25 SETT. 09103 DUE 09.01/2033 05.580% T Z905£00- O19- A NOS 0987016110332 REF 0 2003072948090000 85 CREDIT AMOUNT 9,498,437.50 027 0630100:1115 001 V012 EFTA01320808 rn 8 IJ -n C in z J r ZZ9OSEOCIN9- ANGS BEAR STMRNS OFFICE SERVICING YOUR ACCCIAVr Bear. Stearns 8 Co. Inc. 383 Mattson Avenue New Talc New Yana 10179 (212) 272-2030 la CC .4 Trades Executed Pending Settlement (continued) SET110.011 WC( OAR OAIE ntonsAcnon Of SCRP1101 09/15/03 07/28/03 CANCEL BUY FNIAA 30YR GTD SETT. 09/03 DUE 09101/2033 06.500% 0987135514332 REF • 2003072846180000 AS OF 07/29433 TOTAL T. oton. bads% 0* rat •P;rowney ote *4Con fl it Mawr End of Statemr, aunt MSS. ITS %S UN ONS0 SLSSIOVRY Bs. Sim Sums Cs. On. MISS Cone SA SOS 11201.31159 121212724030 FINANCIAL TRUST CO INC STASIS/ PERS) .Uy 20 2033 TAWS /0020 29.2003 sata.nr WASP TAXpA'f Cn UST 84n90.7 July 25.2003 30•1•34/0/SP CUASTy MCC OCr 1.1.1001 C;£130 u0.1111 BS 5/098292 10.000.000.00 100.1093 10,010,938.00 $85.438.281.75 419.509.375.50 027 01,30,113 1N 301 '412 EFTA01320809 rn b.) 0 -n C rn r EZ9OSEOCIN9- ANGS BEAR STEARNS OFFICE SERVICD/G YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New Yorks New Yodt 10179 (212) 272-2000 ACCOUNT VULPINE GNMA GOVT BOND VISIT Curt WEBSITT iwnv.boarstoarns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 6 Trades Not Yet Settled 12 I IMIIIIIIIII I I I Ill FINANCIAL TRUST CO INC WO JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE 83 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio &is & l o s 1 1.131.555 TOTAL VALUE aStareineS THIS PERIOD 18.500,041 $89.963 LONG ACCRUED INTEREST 221,050 lip S18.500.041 NET CREDO &MANCE 531,555 awn 519.744.476 NET MITT 7xn PERJ00 319,252,646 NET EQUITY UST STATELIEST 20.131,089 CHANGE SINCE LAST STATEMENT 478.443 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. C u r r e n t Tenet value ME St Stamen, market VaSsa =AM. WSKOOPT ns witCALY OrMIDD SLESCIARY But — swats Con twe Phinach Greer ken Srtekhn Sas Vert 11201.3159 (2121 27210b FINANCIAL TRUST CO INC STATlinsT PGM00 June 28.2003 THROuGH My 25.2003 ACCO6N7 NsuStOt TATPAYSIT NuwatR Cn Fre LAST STATraCmr ant 27.2003 al we vs.:N.711W Vdenralbe snow. >et/neer. nate/ n a ta. CooTnert Tit stattmon I/wadbe eirtmos4 sax 'seal:. Set Ma) .Cis W rputirl efenrsto, 027 07/28431000 COI nn EFTA01320810 CtIntro THROWN ITS sthriCSAY OSSEO SUSSI0vOth Ur. Stralths SatherOn Corp. On theveteCh Cons North Ortothn km York 11201.31159 (212) 2724000 FINANCIAL TRUST CO INC 2 e C)O -n C in z -H r VZ9OSEOCIN9- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE Okl 07/2•03.1009 001 1911 EFTA01320811 BEAR STEARNS OFFICE SERVICING NCDR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 (212) 272-2000 3 0 Cash Flow Analysis DES PERIM Income Summary INS PERIO0 Simon Opening Balance Securities Sold OhidendsArterest Miscelaneous Amount Credited $83.953.25 57.559.955.57 958.048.83 10.330.47 558,528,332.87 Govt. Agency Int. Corp. Bond Int. Credit Balance Int. Remorse Repurchase Int. Total Bond Purchase Int. 834.952.46 122.918.54 175.83 2,119.97 5980.188.80 0.00 6,352,067.05 776.302.52 761.72 12,684.38 $7.141.815.67 -50.156.82 -n SeOlatiOS Bought Funds Withdraw. .57,908750.00 -77.381.00 Repurchase In. Exp. 0.00 -24.344.52 C in Miscellaneous AmOunt Debited Net Cash Actidty S-58 080 731 00 447,801.87 Portfolio Composition CasNCash Equivalent 531.555 aced Interne 18,503.041 Closing Balance $531.555.12 Total $19.031.596 r Cash Balance Summary 0PPM Margin 83.953.25 531.555.12 Net Gant:blame $83.953.25 5531.555.12 SZ905£00- O19- ANGS 027 01176/!).'6 09 031 CLEARED DIROud (Ts "Cu.? —Co Sulesessre Dom Denis sear Cap. AlsocCAdt Caw lb. booltpt. sw Yon 112014/50 ala 272.1000 FINANCIAL TRUST CO INC STATERENT eru00 Ant 28.2003 THR0pall AO/ 25.2003 COLIC WNW TA0AYER MASER On lb LAST tummy Are 27.2003 Your Portfolio Allocation Cash L Equvarm — 2% - Plea Ircone 98% 6fyito04 “Rton Ova* Cott raw Won Vol naOcpc solos The ablipton mroallo-0 o 3..04 Yon to tont. -..an wu a 10.. ":4‘,0 sn EFTA01320812 aEAnD Tmlb:VOol ITS ImiCuy Ovre gusset:Am -n C rn r 9Z9OSEOCIND- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New York. New York 10179 (212) 272-2000 4 r t; Your Portfolio Holdings CASH 8 CASH EQUIVALENTS DE SCIWTON CASH BALANCE TOTAL CASH & CASH EQUIVALENTS 5531.555 SYnaaruSP MAW IMAM ammo awry ORCE VOW n851µ wcout 11C1D 531.555 FIXED INCOME Government 8 Agency Obligations DISCRSTION PlASOLCUSIP nT4 CLIANTITT WA maw Vµtt ACME!, MEREST WWII) NOWA lideOlk difttiO 11ae RI FEDERAL HOME LOAN WS CORP 31393FAF3 MRGN 37.901.953 9.6816 3.669.527 66.258 2.385.170 64.9994 SEWS 2530 CLASS SE DATED DATE 10111102 EOM ENTRY ONLY DUE 07/I5r4032 6.29 FACTOR .63169930 3% FEDERAL HOME LOAN MTG CORP 31393F086 MRGN 16.258.155 9.5702 1.555.931 26.612 958.093 61.5768 SIRES 2526 CLASS SI DATED DATE 10.01/02 BOOK ENTRY ONLY DUE 02/1512032 5.893% FACTOR 43168930 FEDERAL HOME LOAN MEG CORP 31392R6U0 1.6IGN 58.475.712 3.7118 2,170,484 16.240 584.757 26.9413 SIRES 2471 CLASS Yr DATED DATE 0607102 BOOK ENTRY ONLY DUEFACTR 0 O3/1 . 5/2032 1.000% .58475713 FEDERAL HOME LOAN MTG CORP 313927/32 MRGN 29,433,245 10.1225 2.979.394 56.355 2.028834 68.0955 SERIES 2488 CLASS SQ DATED DATE 07/08/02 BOOK ENTRY ONLY DUE 03/15/2032 6.893% FACTOR - .58866492 Soo Sam Secoones Cary Oro lOurcoten Owe/ 1µ1e. Ihatm .as York 11201.3859 I211) 2/2-1000 FINANCIAL TRUST CO INC STAMM! .10300 An 28,2003 lub, 25. 2003 ACCOutrt olUtleel t00000rrit 'AMBER On FS, Lam ranker JIM 27. 2003 017 07/24/03:1909 COT YM EFTA01320813 0 z m C in z r LZ905£00- O19- ANGS 8 b.) BEAR STEARNS OFFICE SERVICING 1TXXI ACCOUW Beet. MeamS & Co. lit. 383 Madison Avenue New Yak. New York 10179 (212) 272-2CCO 5r7 Your Portfolio Holdings (continued) Cil-ARED ILLROutlal US 1A143U:r °aorta SLAISCAAAT Derr Sarre Sarre Cora Ora ideoutan Calm Nes tookAn. Novi Welt 11201.3.111 2121 272-1003 FINAllOAL TRUST CO INC STATELADer PERIOD Juno 28.2003 THROU3I4 lay 25.2003 ACCOuLLT YUIJOIR Government 84 Agency Obligations (continued) DISCRIPTIC•1 SvveOUCUSIP ACCT TYR( Wean? PACE vARIX/ vµLE ACCRUED WOKS! roarrist KAMER G File LAST STATniert AM 27. 2003 (STUMM 0.RAIPC1 AAWAL wr0.40. Ito De FEDERAL HOME LOAN MEG CORP 313921842 MRGN 33.957.095 9.6934 3.291.586 55.585 2,001.092 60.7942 SERIES 2463 CL SI. DATED DATE 07/0M)2 BOOK ENTRY ONLY DUE 0 5/2032 5893% FACTOR .S8866491 FEDERAL NATIONAL MTG ASSN 31393C2C6 /RCA 22.723,571 10.0781 2.290.110 1.355.461 59.1876 SERIES 2003.49 CLASS SW DATED DATE 04/3003 BOOK ENTRY ONLY DUE 01/25/2033 5.965% FACTOR - .93466634 Total Government& Agency Obligations 515,957,032 5221,050 $9,313.407 Corporate Bonds DESCRITION STIARDODASIP mv QUALM" Ma WW1 VALUE ACCRUED MEREST ES1ALAIID AMU& mon CORRINE raw no FANNIE MAE CMO/SERIES 2002.82 31392F873 MRGN 19,409.508 13.1019 2.543.009 1.361.577 53.5420 SX.10 FOR DATED DATE 1002/02 BOOK ENTRY ONLY DUE 10/25/2031 7.015% FACTOR - .770.18036 Total Corporatel3onds 52.543.009 SO 51.361.577 TOTAL FIXED INCOME 518.500.041 5221.050 510.674.984 YOUR TOTAL ACCRUED INTEREST 5221.050 YOUR TOTAL ESTIMATED ANNUAL INCOME 510.674.984 YOUR PRiCEDPORTFOLIOHOLDINGS 519.031.596 037 012601.1009 COL w11 EFTA01320814 -n C in r 8Z905£00- 019- ANOS 8 IJ BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New Yak. New Yogic 10179 (212) 272-2000 6 a•+ Transaction Detail INVESTMENT ACTIVITY SMARM 01.01 OAR OAR IMARACTOK 07/08/03 PRINCIPAL 07/14/03 07/07/03 CANCEL SELL 07/14/03 0605/03 BOUGHT 0724/03 07/07/03 SOLD 07/14/03 0905/03 CANCEL BUY 07/15/03 PRINCIPAL 07/15/03 PRINCIPAL aFARED RtROutlii Rs vatur OMAR SOISMARY Am. sum Sea*, Cap One Warmsch Calla Mon lecelyk New MA 11201.135/3 1212)212.1000 FINANCIAL TRUST CO INC ST ATEIMIT Preco lux 28.2003 notOUON My 25. 2003 Its:0 NT Aimee. TAMARA RµtER LAST PARKA? Ane 27.2003 OtSCRPROAI sviectcuse OuNINN Ctill IJADUIR CREDO IJICUqt FEDERAL NATIONAL MTG ASSN 3136FAL01 -289,066 SNIP WO SERIES 322 a 0.001 OUE 03/01132 PRINOPAL MUM,/ 07.25-03 FNMA-30YR(FIIMA)GED 9197491 20.000,000 102.93150 20,587,500.00 SET1.07/03 DUE 07/01/2033 05.500% 0987280211332 REF 12003070154310000 BS AS OF 07/07/03 TO OIL PREVIOUS SELL FNMA-30YRITHIANGTD 51197191 20.000.000 103.40625 20.681.250.00 SETT.01/03 DUE 07/01/2033 06.500% 0987291211332 RU 0 2003060646300000 65 FNMA-30YREFNMAIGTD 51497491 .20,000.000 102.93750 20,587,500.00 SETT.01/03 DUE 07/01/2033 06.500% 0987280211332 REF 10 2003010754310300 85 FNMA-30YR(FNMA)GTD 5/197191 -20.000.000 103.40625 20.681.250.00 SETT.07/03 DUE 07/01/2013 05.500% 0987280211332 REF 0 2003080548300000 BS AS OF 0605/03 TO CIL PREVIOUS BUY FEDERAL HOME LOAN MTG CORP 31392R6U0 4.385.000 SERIES 2471 CLASS YT 1.000 DUE 03/15/32 PRINCIPAL RECUCTN 07-15-03 FEDERAL HOME LOAN MTG CORP 31392R6U0 -251 SERIES 2471 CLASS YT 1 000 DUE 03/15/32 eRINCPN. REDuCTN 07-1503 027 ofinconote cos nil EFTA01320815 0 -n C rn r MOSE00- 019- ANGS 8 1,2 BEAR STEARNS OFFICE SERVCmG YOUR ACCOUNT Bea'. Stearns & Co. Inc. 383 Mason Avenue New York. New Ycrk 10179 (212) 272-2030 7 te .1 MOMS IMPUGN re 'MOLLY UMW SUBSIOWN Bet fun stones cap. or. Prawn Oyler 1bers DUO. New Urn 11201.149) 12123 272.1000 FINANCIAL TRUST CO INC STATEMENT PER100 June 26, 2003 Transaction Detail (continued) INVESTMENT ACTIVITY (condi-cod) SEMEMEMT TRADE RATE 011E 001350.0110N DESCR/P110N SWASOLCUSO outanir ANC/ TIMUCIN ACCOUNT MONIER 1113sAYOR MD ER LAST STATEIlliff DEW AMOUNT July 25.2003 AM 27.2003 CREW MOM 07/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 1139216E2 -3.665.000 07/15/03 PRINCIPAL SERIES 2483 CL SL 5.893 ME 03115/32 PRIXEDAL REOUCIN 07-15-03 FEDERAL HOME LOAN MTG CORP 3139216E2 -440 07/15103 PRINCIPAL SERIES 2483 CL SL 5.893 DUE 03115/32 PRINCIPAL REDUC1N 07-15-03 FEDERAL HOME LOAN MTG CORP 31392T132 -3,177,CCO 07/1603 PRINCIPAL SEWS 2488 MASS SO 6.893 DUE 03/15f32 PRINCIPAL REDUCTN 07.1543 FEDERAL HOME LOAN MTG CORP 313927132 -121 07/15/03 PRINCIPAL SERIFS 2488 MASS SO 6.893 DUE 03/15/32 PRINCIPAL REOUCTN 07-1543 FEDERAL HOME LOAN MTG CORP 31393013 -3.772.000 07/15,03 PRINCIPAL SERES 2530 CLASS SE 6.293 DUE 02/15/32 PMNCPAL RECOUP 07-15-03 FEDERAL NOME LOAN MTG CORP 31393013 -370 07/15/03 PRINCIPAL SERIES 2530 CLASS SE 6.293 WE oznsra PRINCPAL REDUCTN 07-15-03 FEDERAL HOME LOAN MTG CORP 31393F066 -1,616.000 07/15/03 PRINCIPAL SERIES 2526 MASS SI 5.893 OLE 02/15/32 PRPICIPAL RISQUE 07-15-03 FEDERAL HOME LOAN MTG CORP 31393FGEI8 -166 07/25103 JOURNAL SERIES 2526 CLASS SI 5.893 DUE 02115/32 PRINCIPAL REDUCT407.1547.3 FEDERAL NATIONAL MTG ASSN 3136FALCI1 1 STRIP MTG SEINES 322 Cl PO 0.001 UE 03/01 ADJUST DPOSMON /32 027 ainsokietoo 001 VIII EFTA01320816 rn 8 IJ IJ IN IJ Is) 0 i t 5 m r 0£905£00- O19- ANGS BEAR STEARNS CST1CC SERVICING YOUR ACCOUNT Be.. Stearns 6 Co. Inc. 383 Mason AROf11.4 New York. New York 10179 (212) 272-2000 8 of '2 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) 04 Moen WC DAR ORM TRANSACION 07125/03 PRINCIPAL FEDERAL NATIONAL MTG ASSN STRP MTG SERIES 322 CL PO 0.001 DUE 03101132 PRINCIPAL PAYMENT 07-2543 013011P7ION 07/25/03 PRINCIPAL FANNIE MAE CIAO/SERIES 2002-82 SX-VO FUR 7.015 DUE 10/25/31 PRINCIPAL REDUCIN 07.2543 07125/03 PRINCIPAL FANNIE MAE CMO/SERIES 200242 SK-I/0 FUR 7.015 DUE 10/2601 PRINCPAL REDUCTN07.25-03 07125/03 PRNCIPAL FEDERAL NATIONAL MEG ASSN SERIES 2003.49 CUSS SW 5.965 CUE 01/2933 PANCIPAL REDUCTI407.25-03 07/25/03 PRINCIPAL FEDERAL NATIONAL IATG ASSN SERIES 2003-49 CUSS SW 5.965 OuE 01/25133 PRNCPAL REOcCIN 07.2503 TOTAL CLAARLD nIROJC. ITS wocur Owe SUISOLARr Na. Slam Soon*, Co,. Ga;I Cale Wes Evan" Nap vat 11201.31159 (2121 272.1003 FINANCIAL TRUST CO INC smaseer REP300 June 28.2003 rif0u314 July 25. 2003 — NLARIVI ...A:PAYER MA/90‘ On Fie Loy STAttwenr Juno 27.2003 STIMOU0151. °twin PINCE O4NT MIOJIT CREW W0ola 3136FAL01 289.08540 31392FS73 .1.617.000 31392FS73 .183 31393C2C6 -1.124.000 31393C2C6 .371 5.61.268.750.00 541,557,835.60 DEPOSITS AND WITHDRAWALS DATE mATT5Tcnow DESCRIPTION 07/02/03 END WIRED OW? /NOW CREWE MOUra 77381.00 maskitGv103403FNOSwIREO TO FLEET P/410thl. BANK AC2387804020 C#251792 TOTAL 5.77381.00 027 07/2600.1003 031 EFTA01320817 E I C rn r TE9OSEOCIN9- ANGS I8 b.) b.) lu BEAR STEARNS OFFICE SERVICING yarn ACCOUNT Best Stearns & Co. Inc. 383 MbdiSal Meat New York, New Yak 10179 (212) 272-2000 9 et*? N cm.") 11.0uto. !Is ".142.u.Y 0Y0a0 SU0SCARY But Siena 34cartfes Co. Ore VartiKh Cain Win Wait" Paw net 11201.3212 121/0 2724003 FINANCIAL TRUST CO INC STATOW PERICO June 28 2003 Transaction Detail (continued) AC00497 9w029 TaX)*Yet MAW KIN 25.2003 On Ale INTEREST LOST STAMAINT An* 27./003 nit CESCRPTIN 511293L/CLGP CISORRY 0.72 119 OM AMOUNT 02.07 /MUM 06/30/03 AVG8AL 447.1784 0.524 175.83 021 CfF10E IIMMEST 0603 07/15/03 FEDERAL NOME LOAN MTG CORP 31392R6U0 1.0000 45,891.34 SERFS 2471 CUSS YT DUE 03/15/2032 1,000 MEREST PAYMENT 07-15-03 07/16/03 FEDERAL NOME LOAN MTG CORP 3139276E2 5.8930 182.469.29 SEWS 2483 CI. SL DUE 03/15/2032 5.893 MEREST PAYMENT 07-15-03 07/15103 FEDERAL HOME LOAN MTG CORP 313922132 6.8930 165,335.58 SERIES 2488 CLASS SQ DUE 03/15/2032 6.893 MEREST PAYMENT 07.1803 07/15/03 FEDERAL HOME LOAN MEG CORP 31393FM3 6.2930 216.011.84 SERIES 2530 GUMS SE COE 02/15/2032 6.293 WREST PAYMENT 07.15-03 07/15/03 FEDERAL HOME LOAN MEG CORP 31393F686 5.8930 86700.17 SERIES 2526 CLASS SI DUE02G5/2032 5.693 INTEREST PAT/4FM 07-15-03 07/25/03 FANNIE MAE CMO/SERIES 200242 31392F$73 7.0150 122,918.54 SK-VO FUR DUE 10/25/2031 7.015 INTEREST PAMENT 07-25-03 07/25/03 FEDERAL NAMMAL MEG ASSN 31393C2C6 5.9650 118,544.14 SERIES 200349 CUSS SW DUE 01/25/2033 5.965 INTEREST PAYMENT 07.25.03 TOTAL 3958.046.83 027 07/26021009 001 V811 EFTA01320818 CLEARED THROUGH its WPOLLY 0A140 SunOutT 0 E I C in r ZE905£00-O19-ANGS 8 IJ V.) IN 11,2 BEAR STEARNS OFFICE SERv1CING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avarua Now 90TO. NOR 'Ica 10179 (212) 272-2000 10 a•7 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stearns& Co. Inc. SEITLDADIT rum OAR EATE 19.ARSAC11311 DESCR00001 SRMCOCAl$0 OUM/MY COO WOOXI CREDO AlOU10 07/11/03 JOURNAL FEDERAL NATIONAL MTG ASSN 3136FAL01 -599.843 STRIP MG SERIES 322 CL PO 0.001 DUE 03/01/32 RE FITSW1GN F19231NT 94 Al FO AGREEME 909. ken Saari Cap. Coe 114159101 - Nfl fircotAR NE./ Tort 11201.3669 (21O 212.1000 FINANCIAL TRUST CO INC STMERENT POMO Are 26.2003 THROUOR .94 25.2003 Koala, RAWER TAXPAYER MARIA LAST STAnn/E1.7 lune 27. 2003 07/11/03 JOURNAL ADP CD 6888888 5.300000.00 FrTM-PR F1643206018 8.625 CUE 12/31/49 2074420692 07/11103 JOURNAL ACV CD 991343888 5.400.000.00 FITIA-PR F164320601A 8.625 DUE 12/31/49 2074420692 07/11703 INTEREST ADP CO 8888888 1.429.50 DUE 12(31/2049 8.625 FITMPR F164320601A 2074420692 07/18103 JOURNAL ADP CO 8888888 5,300,000.00 (MAR F164320601C 8.625 DUE 12/31/49 2074420692 07/18/03 JOURNAL ADP CO 8888888 5,300,030.00 FRAL-PR F1643205010 8.625 DUE 12/31(49 2074420692 07/18/03 JOURNAL ADP CD 8888888 5.303.003.00 FIIMPR F164320601E 8.625 DUE 12/31/49 2074420692 07118/03 JOURNAL ADP CD 8888888 6.040.000.00 Fr/55PR F164320601F 6.625 WE 12/31/49 2074420692 027 07/26011009 001 •111 EFTA01320819 In 8 b.) 1.2 1.2 C) 0 m C in r E£905£00- O19- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New Yak. New York 10179 (212) 272-2000 11 o112 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (tentrioNS CLEARED THROUGH ITS %1CSV COMO SLOSOARY itar. Reims SoIrbes Coo Coe *meal COI. NOT ®wen Nee Tort 11201.385E (21212/2.1CCO FINANCIAL TRUST CO INC STATEMENT oflo00 An 28.2003 THSCocal my 25.2003 ACCOUNT NUMMI TASPAYER Mae On Fie LMT STATDADN Ann 27.2003 rumor; TRADE do DATE 111.04ACTO1 cescaaproN SwAlOueus• Otaverty Ca01 MOS! CrODX1 MOM 07/18/03 INTEREST ADP CO 8888888 690.47 DUE 1713112049 8.625 FITM-PR F16432C601C 2074420692 07/24/03 JOURNAL FEDERAL NATIONAL MEG ASSN 3136FAL01 599.843 STRIP MfG SERFS 322 CL PO 0.001 WE 00/01/32 FIIMARGN F1923194 A2 TERM REPO AGREEMENT 07/24/03 JOURNAL FEDERAL NATIONAL MEG ASSN 3136FAL01 4,999.217 STRIP MEG SERIES 322 Cl. PO 0.001 DUE 0301/32 FIDAIRGN F2053168 Al REPO AGREEMENT 07/24/03 JOURNAL FEDERAL HOME LOAN NM CORP 31392R6U0 8.771.358 SERFS 2471 CLASS YE 1.020 DUE 03/15/32 f (EWEN F0873200 A2 TERM REPO AGREEMENT TOTAL 5.16.640.000.00 S18.002.119.97 MISCELLANEOUS MR MUT 11.1.SACIION 07/11/03 JOURNAL Esemnoi FNMA-30YR(FNMAIGTD SETT.07/03 5.500 CVE 07/01/33 MSS NET 07/11/03 LESS WOW° OS/00 W0010 93.750.00 07/14/03 JOURNAL JUNE 03SPEC CLEMING FEES B50.00 FEDERAL HOME LOAN MG CORP SIRES 2471 MASS Yf 1.000 DUE 03/15/32 1RNER 07/16103 JOURNAL 8.098.47 027 0//21/03:1003 001 V•11 EFTA01320820 BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Boar. Steams 6 Co. Inc. 383 Madiscn Arms New Yak. New Yak 10179 (212) 272.2000 12 a •1 Transaction Detail (Continued) MISCELLANEOUS (continued) DATE ICILY ITURSACT011 DESCRIPTION DEW MOM CROXI NOM 07/21/03 JOURNAL TOTAL ENG TO FITM 2.232.00 S-94.6C0.00 310.330.47 GUAM WON ITS PA.WIA OWNED SuBSIOARY Int Vans Wines Cap. On MIWOUCh CnY Not Bito,n. Nat YAM 11201.3SS9 (212) 272.10/00 FINANCIAL TRUST CO INC STATENEWE PERCO An 21.2003 THRONG,' Ay 25.2003 ACCOUNT RUINER Mill= TANPAYER PANDER LAST STATTUENT June 27.2003 -n C in r Trades Executed Pending Settlement SCRIDADIT MACE Oat OAR TRANSACTCAI DESCRIPTION STIMULUS/ Gomm eau DEBIT ASIOLPIT 09.116/03 06/17/03 BOUGHT FNMA•30YR(FNMA)GTD 5N98144 10.000.000.00 101.4687 10,146,876.00 SETT.09/03 DUE 09/01/2033 05.000% 0987280211332 REF • 2003061746340000 BS Oar San 09/15/13 07(07/03 BOUGHT FNMA 30YR GM 5N98292 20.0Y:000.00 102.2500 20.450.000.00 SETT. 09/03 CUE 09/01/2033 05.600% 0987280211332 REF a 2003070754350000 G/ TOTAL 530,596,875.00 50.00 TN fl NON a MI mono" tee leflos It Pis mare,. VE9OSEOCIND- ANGS I8 IN IJ IJ STOP# End of Statement 027 07/21.03:1000 001 VO1 1 EFTA01320821 rn IS IJ IJ IN --3 TOiNaGUNO0 SE905£00-019-ANCIS BEAR STEARNS OFFICE SERI/ICING YOUR ACCOUNT Bear. Steams a Co. Ix. 383 Madison Avenue Now Yak New York 10179 (212) 272.2C00 0.f-oath THROUGH ITS ?MOLLY Ovialt0 SLISSOMW Bear. &arm Loam Cara a-aMareasch Maw WA MCCaTin. SoA rat 11201.32SO M121 272.1030 FINANCIAL TRUST CO INC ACCOUNT EXECuTIVE GNMA GOVT BOND STATEMENT PERIM May 31. 2003 VISIT OUR NERSITE wettOONSteanIS.COm Ratovam lane 27.2003 What's In This Statement Ilmilml,.MI I I ACOOIMT TAMPAMIt Manta Financial Sisnmary 3 FINANCIAL TRUST Co INC LMT STATEMENT May 30.2003 Your Portfolio Holdings 4 CIO JEFFREY EPSTEIN Transaction Detail 8 6100 RED HOOK QUARTER STE B3 Trades Not Yet Settled 13 ST THOMAS VI 00802 Your Portfolio at a Glance TOTAL YAW( SECURfnES DNS PERIOD 19.744.476 Market Value of Your Portfolio cash 4 (fo ment $83.953 1 $128,074 LONG ACCRUED INTEREST 302,660 nel 519.744 478 NET CREPT BALANCE 83.953 Y0m0 523.876.335 WW1 market t IC EQUITY THIS PERIOD $20.131,089 InISM statemerts market yak* NET WRY UST STATEMENT 24,422,603 CHARGE SINCE LAST STATEMENT -4.291.514 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account tv, Santry it kr hkeimitra. anoila eery. n rat Rent, asa to Ceanit This sistiniat Mr414 e. mama fix mar remeas Set &MTN Mk kr irpmart &Tanta, 027 0600/03.11 38 COI EFTA01320822 0 z m ci m z H r 9£905£00- O19- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 02J 06,2603.113B CO1 HOB EFTA01320823 to I8 IJ 1.2 IJ BEAR STEARNS Orf10E SERVICANG YOUR ACCOuNT Bete. Steams & Co. Inc. 383 madson Avenue New York. New Yak 10179 (212) 2724030 3 0'13 Cash Flow Analysis Tit PERM Income Summary 016 POMO YEAR 10 arc Opening Balance $128,074.40 Gott. Agency Inc 872.169.36 5,517,114.59 Corp. /lord Inc 122,709.53 653.383.98 SeCUltieS Sold 82,874,938.25 Credit Balance Inc 213.46 585.89 Divdends/Interest 995,092.35 Reverse Repurchase Inc 1.320.36 10,564.41 Miscellaneous 494,356.75 Total 6996.412.70 55,181,648.87 Amount Credited 684.384.385.35 Bond Purchase at. 0.00 -50.156.82 -n Septettes Bauchi Miscellanea.* -84.399.082.25 -9.444,25 Repurchase Irt. 0.00 -24.344.52 C in Arnow* Debited Net Cash Acthlty S-84.408,505.50 .44,121.15 Portfolio Composition CashrCash Equivalent 83.953 Closing Balance $83,953.25 Fared Income 19.744.476 Total $19.828429 r LE905£00- O19- ANGS Cash Balance Summary aeum Margin 128,074.40 83,953.25 Net CaShEtalance 5128.074.40 583.953.26 027 Ce...26O3 IS 0). CLEMED neeetta rrs wit auto nueDv4tY Sew Sumas Sautes cap. Ore Stotera• Cana Nore. bader... New Yet 11201-311$9 1214 212.1000 FINANCIAL TRUST CO INC trooneta PIP= /My 31. 2003 Treta.C., lune 27. 2003 sCccusi %wale rwAYIDI huve.CR kitml tAS, rwrelina Meg 30.2003 Your Portfolio Allocation Cash & EqUiwiem — <1% J.oriclod xelun *KM [St Pans .do- Mat rnwlet 110 sceara• pesuerept ruin, Pe atnciat ...ad flea of you. [440.0 Wai EFTA01320824 CLEARED 11110.01 ITS 10.OLLY 0•0033 Sul/ODWee 0 -n in r 8£90SEOCIA19- ANGS BEAR STEARNS OFFICE SERvICIA0 YOUR ACCOUNT Seer. Steams & Co. Inc. 383 Madrson Avenue Now York. New York 10179 (212) 272.2000 4 of .3 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCOP704 CASH BALANCE TOTAL CASH & CASH EQUIVALENTS 583,953 SY(.010UCUSP vat EMOTED CLRFILIrt 0.(11M- r PRCE Malts/ nODut "MO (10 83.953 FIXED INCOME Government & Agency Obligations OESCRPTI311 SYMEOLOSP AOCI GUMMY PRa 1PARIV VALUE ACCRUED MEREST ESTIMARD ANNUAL INCOME CURRENT MD (XI FEDERAL HOME LOAN MTG CORP 31393FAF3 MRGN 41,674,323 8.0453 3,352.813 88406 2.592.143 77.3125 SERES 2530 CLASS SE DATED DATE 10/11/02 BOOK ENTRY ONLY DUE 02/15/2032 6.220% FACTOR . .601457214 FEDERAL NOME LOAN MTG CORD 31393,086 MRGN 17.878324 81907 1.464.201 34.681 1.040.402 71.0660 SERIES 2526 CLASS SI DATED DATE 1001/02 BOOK ENTRY ONLY DUE 02/15/2032 5.820% FACTOR • .69457214 FEDERAL NATIONAL MTG ASSN 313601.01 MRGN 3.288.302 92.7109 3.048.616 2 33 0.0011 STRIP MTG SERIES 322 CL PO DATED DATE 03/01/02 800K ENTRY ONLY DUE 03/01/2032 .001% FACTOR - 1.00000000 FEDERAL HOME LOAN MTG CORP 31392R6U0 MRGN 55.069.607 2.6940 1.483.592 18.351 550,696 37.1191 SERIFS 2471 CLASS IT DATED DATE 06/0102 800K ENTRYONLY 03/1 32 717.0:0% FACTOR OLE - .6 5/20478 73 ism Seams Stoats Cop Oro 1.40cocit Cower Ora OtoOP. 1001.71 112014859 (112/ 212.1000 FINANCIAL TRUST CO INC STATIDANI anon may 31.2003 ?MOWN AIDE 27.2003 ACCOUNT MAW 7.000,12A MAIM 1 . 1.1 LAST STAIDA141 May 30.2003 01/211(011I:31 COI Via EFTA01320825 In 8 IJ IJ L I z r 6£905£00- IA19- ANGS BEAR STEARNS rna SERvICING YOUR ACCOUNT Bear, Steros 6 Co. rc. 383 Madrson Avenue New York. New York 10179 (212) 272-2000 5 ot 1.3 Your Portfolio Holdings (continued) Government & Agency Obligations (connneed) OCTSCRIPEKK ~9rt TISS iTaT ITIN CMINT171 TRICI WRITE1 ~Ut *GRUET) ~ST ESTITAT/E0 AM" «MI CURRYNI 11EAD FEDERAL HOME LOAN MIG CORP 31392n32 MRGN 32.610.366 7.9688 2.598.645 74,135 2,224.027 85.5841 SERIES 2488 GASS SI) DATED DATE 07/0802 800K ENTRYONLY OM 03/15/2032 6.820% FACTOR - .65220733 FEDERAL HOME LOAN MTG CORP 313927662 MRGN 37.622.535 8.2122 3.089.846 72.988 2.189.632 70.8700 SERIES 2483 CL SI. DATED DATE 07/02/02 BOOK ENTRY OMLY DUE 011512032 5.820% FACTC42 - .65220732 FEDERAL NAMNA. MIG ASSN 31393C2C6 MRGN 23,847,942 9.9844 2,381,068 7,902 1.422.530 59.7434 SERIES 200349 GASS AN DATED DATE 04/30/03 BOOK ENTRY 17.41.7 DUE 01/2...S/2033 5.965% FACTOR - .98112390 Total Government& AgenCyObligations $17.418.581 1294.465 $10.019.463 COrporate Bonds 1£01 ACCRUED ESTOSA117) CURRINT oismenen STIAIKA711417 1YIN Comrrin Part 1MRnETYwUt 151102EST N91111.113501N TETT) E1M FANNIE AME CSAWSERIES 2032-82 31392F573 MRGN 21.026.691 11.0616 2.325.895 8.195 1,475.022 63.4174 5K-VO FUR DATED DATE 10/02,02 800K ENTRY OMLY FACTOR « 10125203 .810676 7.0915% e • 41 Total CorpeneteBonds $2.325,895 $8,195 $1.475.022 TOTAL FIXEDINCOME $19,744,476 $302.660 $11.494.485 0.LARED TNIOUGH 1TS ViNCALT ITATAED SUBSTOTART Me. Rams Smalet Cup. Cne ~tan SAMT Nolh ENS Nem Tort 112014859 C212)27240:0 FINANCIAL TRUST CO INC STAMN:NY FITROD My 31, 2003 1m8CMGH lure 27.2003 ACCOurn »Jet TAXPATIA Mlle On FM LAST STATEMENT /My 30.2003 027 06,18/031144) 001 9138 EFTA01320826 rn 8 IJ IJ IJ -n z 017905£00- lA19- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Beer. Sten 6 Co. re. 363 Madeson Avenue New York. Now York 10179 (212) 272.2000 6 s .3 Your Portfolio Holdings (continued) YOUR TOTAL ACC RUE D I NTEREST 5302.660 YOUR TOTAL ESTIMAIED ANNUAL INCOME 511.494.48S YOUR PRICEOPORTFOLIONOLDINGS 119 828.429 Transaction Detail INVESTMENT ACTIVITY CLEARED THROJOI ITS Mary OM« M.M" ku Mb" kones Ca, Creth~ch Gris ~VI aRtAl£, New Yta 11201.3859 tt121 272.1000 MUMPA. TRUST CO INC saaturra svae May 31.2003 TNIXOLGH lune 27.2003 •CCOuln TµPAYril HUMPER On Fis LAST STAIIIVEM Mr/ 30.2003 SMI/AtNi TRAIX DATI art 11IMSKION OtSCRIMON SYLIBOUCISP COMMIY r1eR Calf ~Ul merr «urt 06,139,03 PRINCIPAL FEDERAL NATIONAL 1.4TG ASSN 3136FALQ1 -240.643 STRØ> 1179 SERES 322 CL PO 0 001 CVE 03/01,32 MINCIPAL REDUCTN 0025-03 06109/03 PRINCIPAL FEDERAL NATIONAL IATGASSFI 3136FAQR4 -245.158 0 MRS SERIES 3 326 CUSS 1 PO .001 DUE 07/0112 PRINCSaL REDUGN 06-25-03 08/12473 08/10'03 SOLD FEDERAL NATIONAL MT6 ASSI1 3138FACIR4 -3.561035 95.14063 3.388.752.75 STRIPS SEIIES 326 PASS i PO DUE 07/01/2032 00.001% 0987021011332 REF * 200306104695P)00 B5 06/12/03 05107103 BOAGIR FNMA-30YR(FMNOGTD 5N96957 20,000.000 102.71875 20.543.750.00 scrtosto DUE 06J0112033 06.500% 0967280211332 REF M 2003050746200000 65 Ø all ai an sea EFTA01320827 0 -n C in r T17905£00- O19- ANGS BEAR STEARNS aria SUWON* YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Afackson Avenue Now York. New Volt 10179 (212) 272-2000 7 et Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETRIMENT TRAM OML CAR 06/12/03 06/05/03 06/1203 06/05/03 06/12/03 0907/03 06112/03 06/05/03 0671203 06/05/03 CLEARED THROWN al wAKATI 01MAED SulsotAAV Sat Suss Smuitiel Cap. r* Moreteth OrEir Nfl los Nes Vol 11201.36SE 12123 ETZTOCO FINANCIAL TRUST CO INC STATEMENT Alfe0D May 31.2003 TTACUCTI lung 27.2003 ACCOUNT MASSER TAXPAYER WAWA LAST ST/TIARA, May 30.2003 TUASICTIEM DESEMPTION swectzus• oLAvrrn PACE Cain SMOUNT CREDIT /MOLT CANCEL SELL FNMA-30YR(FIRJAIOTEI 5N96957 20,000.000 103.73828 20.747.656.00 SETT.0602 DUE 06/01/2033 05,5007E 0987280211332 REf • 20:0080546200000 BS AS Of 05/05/03 TO CAL PREVIOUS SELL CANCEL SELL FNMA-30YR(FNMA)GTO St06957 20.000,000 103.73828 20,747,656.25 SETT.06/03 OUE 06/01/2033 05.500% 0987280211332 REF • 2003060546260000 BS AS OF 06/05/03 TO oa. PREVIOUS SELL CANCEL BUY MEAT-30YMENMAIGTD 51196957 -20.000= 102.71875 20.543.750.00 SETT.05/03 DUE 0601/2033 05.500% 0987280211332 REf • 2003050746200000 85 AS OF 05.07/03 TO al PREVIOUS 80Y SOLD FNMA-30YR(FNMA)GTO SETT.06/03 51196957 -20.000.CCO 103.73828 20,747,656.00 DUE 060112033 05.500% 0987280211332 REF # 2003060548260000 BS SOLD inmA.30YR(FMMIGTO SETT.06/03 51/96957 -20.000000 103.73828 20.747.656.25 DUE 0601/2033 05.500% 0987280211332 REF • 2003060646260003 BS AS Of 06/0503 06/13103 JOURNAL FEDERAL NATIONAL PAM ASSN 3136FAQR4 STRIPS SERE 326 PASS 1 PO 0 001 DUE 07/01/32 Atuusr POSITION 02T 04ES00:112S ODl MICA EFTA01320828 O -n C in r Z17905£00- IN9- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New Yak. New York 10179 (212) 272-2003 8 N') Transaction Detail (continued) INVESTMENT ACTIVITY (continued) WIROA00 LAME DAR DATE IRMISAC11011 I:MR.7113M SYMEOLOSP OURYIItt PRICE =a mow CREDIT masa 06/16/03 PRINCIPAL FEDERAL HOME LOAN NIG CORP 31392R6U0 -4,391,000 SERIES 2471 CLASS Yr 1.000 DUE 03/15/32 PRINCIPAL REDUCM 0615-03 06/16/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392R6U0 -293 SERIES 2471 CLASS YT 1.000 DUE 03ti 5132 PRINCPN. REDUCIN 06-15-03 06/16/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 3139216E2 -3.000.000 SERIES 2483 CL Sl 5.820 DUE 03/15132 PRNCIPAL REDUCIN 06-15-03 08/113/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392T6E2 -48 SERES 2483 CL SI. 5.820 DUE 03/15/32 PRINCIPAL REDUCM 06-1S-03 0e/16/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 313927/32 -2,800,0D3 SERES 2488 CLASS SO 6.820 DuE 03/15/32 pRINCIPAL REDUCIN 06-15-03 06716103 PRINCIPAL FEDERAL HOME LOAN MTG CORP 313927/32 -374 SERIES 2488 CLASS 50 6.820 DUE 03/15/32 PRINCIPAL REDuCIN08-15.03 06/16/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393FAF3 4.149.000 SERIES 2530 CLASS SE 6,090 WE 02/15132 PRINCIPAL REDUCIN 0645-03 06/16/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393FAI3 -158 SERIES 2530 CUSS SE 6.090 ME OW5/32 PRNCPAL RECECIN 06-15-03 06/16/03 PRINCIPAL FEDERAL HOME LOAN MI6 CORP 31393F686 -1.350.000 SERIES 2526 CLASS SI sea, DUE 02/1 srs2 PRNCPAL REDUCIN 06-15-03 CLEARED 0010..t.n rtS. vmouy WOAD Suilli0vaY Ism Ian Smote% CO, Cat Wreath Carts Math °Wen Nat cern 20 3a59 RIA 2724000 FINANCIAL TRUST CO INC STARI•Ela PERCO My/ 31.2003 THROu07. Arc 27.2033 AtcoLle %ANA rAta/AYER LAST STATEuein May 30.2003 027 01112•4:4:1118 COI NOS EFTA01320829 -n in r £17905£00- IN9- ANGS BWR STUMNS OFFICE SERVICING YOUR APPNINT Beer. Stearns & Co. Inc. 383 Madison Avenue New Yak_ New York 10179 (212) 212-2003 9 •t Transaction Detail (continued) STATibmer PEIKO n•ROuGH AMY WI mown. ~rot MAGER may 31.2003 .line 21.2003 On Fie INVESTMENT ACTIVITY (4cntrue1) Lodi STATtwroa May 30, 2003 SEIIIEMENT WOE OAR DATE DEIMSACTICII SIIADDECUSW ~MY PAU DOW MOM anon AVOW 06/16/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393F086 -940 ES SERI 2526 CLASS SI E 5820 W 02t15/32 PRINCIPAL REDUCIN 06.1503 06/25/03 PRINCIPAL FEDERAL NATIONAL MTGASSN STRIP MTG SERIES 322 CL PO 3136FAL01 240.642.60 0.001 DUE 0301/32 PRINCPAL PAYMENT 06.2543 06/25103 PRINCIPAL FEDERAL NATIONAL MTG ASSN SIRPS SERFS 328 CUSS 1 PO 3136FAQR4 245.158.30 0.001 DUE 07.01;32 PRorCPAL PAYMENT 06-25-03 06125103 PRINCIPAL MIME 1W CMG/SERIES 200242 31302F573 453,165 3940 FUR 8.730 DUE 10/25/31 PRINCPAL MUM 0S-25-03 08/25/03 PRINCIPAL FEDERAL RATIONAL MEG ASSN 3139=6 458417 SERIES 200349 CUSS SW 5.690 DUE 01/25/33 PRINCPAL REDUCTN 06.25-03 TOTAL S-62.039.062.25 565,913,615.90 INTEREST CLEARED ~Our> in wwzare ~CD SAISOANy kw Swans Secanos Coro One Wawa Cone Neon Wed," kom Von 1 I 2014859 M21212.1= FINANCIAL TRUST CO INC DATE DESCWITCW 06/02/03 AVG 8AL 391.997RT 0.560 213.46 021 OFFICE INTEREST 0503 STIMOUEUSP DWI/12N PATE (ID Wen ~awn COEDIT MONT 091603 FEDERAL HOME LOAN «CORP SERIES 2471 CLASS YT DUE 03/192032 1.000 INTEREST PAYMENT 0645-03 31392R6U0 1.0000 49,550.75 027 ewneastal ern 1108 EFTA01320830 BUR STEARNS COTE SERVICRAG YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New York. New York 10179 (212) 272-2000 10 Cr Transaction Detail (continued) INTEREST (continued) STATEmee PE May 31. 2033 THROuta4 lune 27.2003 ACCOUNT Meet TAXPAYER M.$ On Fie EMT STATEreer May 30.2003 DAN Of SCOPTION 511.100UOJW 0.11/411lf Mit MI 0C T noO.0.1 Caf.011 Main 06016/03 FEDERAL MC4AE LOAN MTG CORP 31392T6E2 5.8200 192.618.75 SERFS 2483 CL St DUE 03/15/2032 5.820 INTEREST PAYMENT 06-15-03 06/16)03 FEDERAL HOME LOAN MTG CORP 31392T132 6.8200 196299.86 SERFS 2488 CLASS SO DUE 03/15/2032 6.820 -n INTEREST PAYMENT 06-15-03 06/16103 FEDERAL HOME LOAN MTGOCELP 31393FAF3 SEWS 2530 CLASS SE 6.0900 227.479.19 DUE 02/15)2032 6.090 C rn INTEREST PAYMENT 05.1543 06/16103 FEDERAL HOME LOAN MTG CORP 31393F086 SERIES 2526 CLASS SI DUE 0205/2032 5.820 5.8200 91.15840 INTEREST PAYMENT 061541 06/25/03 FANNIE MAE CMO/SERIES 200242 31392F573 6.7300 122.709.53 5k-I/O FLTR CUE 10/25/2031 6.730 INTEREST PAYMENT 06-25-03 06/25/03 FEDERAL NATIONAL MTG ASSN 31393C2C6 5.6800 115.051.99 SERIES 2003-49 CLASS SW r DUE 0125/2033 5.580 INTEREST PAYMENT 05-25-03 TOTAL 599&092.35 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stearns& Co.Inc. CLEARED THROW:* ITS MOLLY OWL= SIAMOXARY De Sens Seem Ore Ors Maresch Craw Mali Irma" Oen Yen 11201.3330 4212/ 272.1000 FINANCIAL TRUST CD INC t74905£00- 019- ANGS I8 IJ IJ SETTLEMENT MEE MTE DAR MAYSAtell OESCROTON SYYDWEJSP OIWINY OEMI IJA0UICI CREDO MEW 06/11/03 JOURNAL ADP CD 8868888 3.720.000.00 F11M-PR F1543206011 8.625 DUE 12/31140 2074420892 027 0120.03:11.30 001 WOO EFTA01320831 LEEEZZOO- V1.43 0 m cim H r S17905£00 019 ANDS BUR STEcRNS OFFICE SERVICING YOUR eccoued Beer. Stearns 8 Co. Inc. 383 Marasco Avenue Now York. New Yak 10179 (212) 272.2030 Transaction Detail (continued) =ARCO rartouom 'TS MI•our OWN= SUSSOYAY Mw. SINT, StOlte Cap. 0.e MCInftlth 0,110 Wit 11001tr. µv Y0rk 117014059 (2,212121000 FINANCIAL TRUST CO INC STA/IDWIT P£FIKO May 31.2003 THROWN Arne 27. 2003 A004MT NUM2. TWAY& KAMER On F00 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (CratirtJed) LAST STATBMXT Wry 30 2003 E711B.07 TRAM DAZE OAR IIIMISa311 ocsamenou SYV0,ACJS? MOM KW Maga CEO!! MINIM 06/23103 JOURNAL ADP CD 8888888 3,720,000.00 7m.l.PR 11643208012 8.625 DUE 12731/49 2074420692 06)23/03 JOURNAL ADP CD 8888888 3.720.030.00 7914-PR 71843208013 8.625 DUE 12/31/49 2074420692 JOURNAL ADP CD 8888888 µ 3.720.000.00 RTA.PR 116432050014 8.625 DUE 12/31/49 2074420692 06/23/03 06/23103 JOURNAL ADP CD 8888888 4.780.000.00 111144* fi643206015 8.825 DUE 12/31/49 2074420692 06/23/03 INTEREST ADP CO 8888888 928.97 CUE 12/31/2049 8.625 nnA-PR 11643206012 2074420692 06/27/03 JOURNAL ADP CO 8888888 4,760,003.00 71TM-PR 11643206018 8.625 OUR 12/31/49 2074420692 06/27/03 JOURNAL ADP CO 8890388 4,760,000.00 1171.4-PR F1643205017 8.825 DUE 12/31/49 2074420692 06/27103 JOURNAL ACP CD 8888888 4.766003.00 FITLIPR 11643206018 8.825 CUE 12131/49 2074420692 06/27/03 JOURNAL ADP CD 8888888 5.400.000.00 *MAR F1843206019 8 0744 62520492 DUE 1261/49 2 027 0020103:1111 901 4400 EFTA01320832 GUAM. THROUGH ITS valCILLY OvAlar Suntan, Fn I8 b.) IJ 1.4 00 0 -n C in r 91790SEOCIN9- ANGS BUR STURNS OFFICE SERUMS YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Maclean Avenue New York. New York 10179 (212) 272.2000 12 co la Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SETTLERS'S? TRAIN WI art TRANSACTION OESCOPTON 06/27/03 ';', OrS1 ADP CD e886888 391.38 OUE • 2 9 13.625 FM, r neon 2074 TOTAL SHMOUCLGIP Sear Sum Stostias Cap. OA* Warmth Crew Tern booltp. Nor Tak II2014859 C21212724003 FINANCIAL TRUST CO INC STATEAAPO KHOO Way 31.2033 noCuGH June 27.2003 ACCOUNT ..— TAAPAYER MOSER On F! LAST srArowywr Noy 30.2003 DOW WOW' Raton mown S-22.360.030.00 516,961,320.35 MISCELLANEOUS OAR PACIOAT tsupacrcw 3ISCRPTION OMR AIADWI CREDIT MAMA 06/11)03 JOURNAL MAY 03 SPEC CLEARING FEES 700.00 06/12/03 JOURNAL FNM.3,30YR(FNEtA)GTO tossceii SETT.06/03 5.500 DUE 06101/33 WS NET 06/12/03 06/17/03 JOURNAL FEDERAL HOME LOAN MTG CORP 8.744.25 SERES 2471 CLASS Yr 1.000 DUE 03n 5/32 Pal TRIER 06/17/03 JOURNAI. FEDERAL HOME LOAN MTG CORP 8,744.25 SERIES 2471 CLASS YT 1.000 DUE 03/15/32 Mlle/FR 06/1803 JOURNAL FEDERAL HOME LOAN MTG CORP 8.744.25 SERES 2471 CLASS YT 1.00D DIE 03/15132 PM TRIER ADE 06/24/03 JOURNAL FRG TO FITM 272.962.00 TOTAL 5.9.444.25 5494.356.75 COT corRecoo Ili) 001 vSOS EFTA01320833 0 -n C rn z -H r L17905£00- 019- ANGS BEAR STEARNS OFFICE SERYCNG YOUR ACCOUNT Bear. Stearns & Co. Inc. 363 Madsen Avenue New York. New York 10179 (212) 272-2000 13 On, Trades Executed Pending Settlement CLEARER TIACt.C.Ii rn WHOLLY OWTED LILUOLLAY Raw. Sian Unites cap. Ono Ihownoth One. Mom Oman We Wet 11201.1•89 Ol2)272.1CO3 FINANCIAL TRUST CO INC StOtteren Etl000 /AN 31.2003 THROLKM Aso 27. 2003 ACCOUNT Plain TAXPAYER Autteaw On He WIT STATEMENT Nay 30.2003 SERIDENI MCC DATE OAT! TWISEVICII casawmow Sogroucus• COurmy MN OWIT MOUNT MIXT ARCM" 07/14/03 06/05103 BOUGHT FNMA-30YR(FNMA)GFD 5N97491 0,000,000.00 103.4062 20,681,250.00 SETT.07/03 DUE 07/01/2033 05.5120% 0997280211332 REF • 2001060546300000 8$ 09/15/03 06117/03 BOUGHT FNMA-30YR(FtaM)GTEI 61498144 10,000,000.00 101.4687 10,145,875.00 SETT.09/03 DUE 09.01/2033 05.000% 0987290211332 REF • 2003061746340000 8$ TOTAL $30.828,125.00 50.00 11* ales twie do • s I ova, n sy are meson q 1 Sow. End of Statement On 06'24011139 COI WKS EFTA01320834 0 -n C in r 817905£00- IN9- ANGS IJ IJ BEAR STEARNS ()MCC SERVING YOUR ACCOUNT Bear, Stearns a Co. Inc. 383 Madison Avenue New York, New Tort 10179 (212) 272-2000 ACCOUNT EXECUTIVE GNMA COW BONO VISIT OUR MERSIN vaw.beatmearns.com What's In This Statement I Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail S Trades Not Yet Settled 15 FINANCIAL TRUST CO INC C/O JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE CC SECURITIES TICS PERIOD LONG ACCRUED MEREST NET CREDIT BALANCE 23,876.335 418,194 128.074 NET ROUITY TM PERIOD $24,422,603 NET EQUITY LAST STATEMENT 21,444,251 MANGE SINCE LAST STATEMENT 2.978.353 There are no 'Stop Loss' orders or other pending boy or sell open orders on file for your account. Case & &worn** $128.074 3.97.944 Reed IncaTe 123,970.335 121.153.305 Culvert mite value ust statements mance vat* CLEARED THROIXDI us VeDOLLY o'wc DJOSIDARY OIL an Seanis Cep One non en Pan &tSSFl. PD. eel II 2014*SO RIa 212.100, FINANCIAL TRUST CO INC STAMENS PEROD Efli 26.2003 ThIROUOH May 30.2003 ACCOUNT NUMMI TAXPAYER NUM& Lan roster( AO 26.2003 slic nix neon ke he Inning( nowt DD.:ten& rtenDO Lea tea *Cann ms want Pan be Maine. cee )Cur wove See rDerte Mk be "win iiikeeisbee 011 CD31.03 IS 30 0:31 WA4 O EFTA01320835 0.10:0 DWOLCH IS WHOLLY CHACO Mammon, Bar. Slams Semmes Coo. One Incrototh Cynic WHO WHYOr. Maw Tn 11201.31.W W21272.1000 FINANCIAL TRUST CO INC 2 rn IS IJ IJ 4. 44 •On C)0 z-n C in z -H r 61790SEOCIND- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 022 OW31103.16,30 COI VS•4 EFTA01320836 BEAR STEARNS ()MU SERVICING YOUR ACCWNT Bear. Stearns 5 Co. Inc. 383 Madison Avenue New Yon'. New Ted( 10179 (212) 272-2000 3e9 Cash Flow Analysis nes itla00 Income Summary nes PO000 YEAR 70 OAR Opening Balance Secwities Sold Div4endsdriterest Miscellaneous 597.943.89 93,187,950.43 987.495.06 2,270,988.66 Gat. Agency lm. Corp. Bond Int. Credit Balance Int Reverse Repwchaso Int. 658.912.79 128.482.02 100.25 5.131.07 4,644,945.23 530.674.45 372.43 9.244.06 0 Amount Credited 596.446.434.15 Total Bond Purchase Int. 5992.626.13 -19,175.34 55.185.236.17 .50.15982 TZ Securities Bougie -96.034.964.30 Repurchase lm. Em. -10,991.93 .24.344.52 1 1 Oividends(Interest Charged -19,175.34 Miscellaneous -362.164.00 m Amount Debited 5.96.416.303.64 Portfolio Composition CashiCash Equkelent 128,074 Net Cash ActMly 30.130.51 Fixed Income 23,876.335 ClosingBalance 6120,074.40 Total 524.004,409 r 05905£00- O19- ANGS I8 IJ IJ 10 1.0 Cash Balance Summary OPENING CIDS0113 Margin 97.943.89 128,074.40 Net Cash Balance 597.943.89 5128.074.40 027 Caul= TI4001X04 VINCUY WACO SUSS:Dar Ow. Sure S•cuites Con. on• 'MMO Oleos NOM eittert MS Yet 11201.3059 12121 212.11:00 FINANCIAL TRUST CO NC STATMENT PER= Ara 26,2003 Tif IOU*. May 30.2003 A000.W sLIPMER Wcrierflk wawa on kW LAST STATEMENT Apnl 25.2003 Your Portfolio Allocation Cash a Ego/Want 7 e 1% • — Fad ktome 995E Vu....200 ;omens Ore* cod: 2.42420 rot. nets vans rh• aka., wortio• 0•-nal Int% r. nut.: aka 22 go001, °sir 03'5 IC X,' 1.0.44 EFTA01320837 rn 8 b.) 1.2 T4iNROUNO0 TSMSECIOMANCIS BEAR STEARNS OFFICE SERRICLUG YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New Yea. New York 10179 (212) 272.2000 4 MI6 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESC01111011 CASH BALANCE TOTAL CASH & CASH EQUIVALENTS 5128.074 5,1,30.6410. MOW ESTMATt0 0.466Tv PACE VALLE no604 &COW la° 00 128.074 FIXED INCOME Government & Agency Obligations encamp,' 3.1110/0:30. Mt wet 0.16/01TY Pea WARM 1/ALOE MOM 1610631 ESIIM113) Wilk MEOW NOM VELD 60 FEDERAL HOME LOAN MTG CORP 31393FAF3 MRGN 44,823.481 7.5455 3.382.158 113,742 2.729.750 80.7103 SERIES 2530 CLASS SE DATED DATE 10/11102 BOOK ENTRY ONLY OUE 02/15/2032 6.090% FACTOR - .74705810 FEDERAL HOME LOAN MTG CORP 31393,986 1.1R61/ 19,227.164 7.7540 1.490,873 45,583 1,094,026 73.3816 SERIES 2526 CLASS SI DATED DATE 10/01/02 BOOK ENTRY ONLY DUE 02/15/2032 5.690% FACTOR - .74705810 FEDERAL NATIONAL MEG ASSN 3136M1.01 MAGN 3.528.945 93.7734 3.309.213 3 35 0.0011 STRIP MTG SERFS 322 EL PO DATED DATE 03/01/02 BOOK ENTRY ONLY DUE 03/D1/2032 .001% FACTOR - .95858130 FEDERAL HOME LOAN MTG CORP 31392R6U0 MRGN 59.480.900 2.4527 1.458,403 24,777 594,609 40.7712 SERFS 2471 CUSS YT DATED DATE 0607/02 BOOK ENTRY 014.? DUE 03/15/2032 1.0074 FACTOR - .69954000 027 01131101-16:00 001 VI61 CLEARED noterxm en WIC.LY 06.41,0 sumo-Ain Bev. Sten Serbn Orp. Ole P.1einna Unto Mo. &oath,. Mem Yon 11201.3850 aW 272-!COD FINANCIAL TRUST CO INC STATE101.7 PE*00 WI 26.2003 1101060.1 Wry 30. 2003 AcCOuwr MINER VutAven NWICA On Fie LAST stmiNeyrt AO 25. 2003 EFTA01320838 En I8 E.) 1.2 10 03 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Beat, Stearns & Co. Inc. 383 Madsen Avenue Now York. New York 10179 (212) 272.2000 5 c. CLEARED 1140/0.1 03 near 0,. Stainre Sseirns Snots Ca Oft Wand. Cant non" Nn Yon 11201.3659 I2121 212.1000 FINANCIAL TRUST CO INC Your Portfolio Holdings (continued) Government & Agency Obligations (continued) OISCOPTION SWAIIOUCUSIP PCCT OPE EMMY( ma VARLET VµA ACOIXD MEREST STATEsen PtIODO Ain 26. 2003 'yawn may 30.2003 pOCOVArt KARIM TAXPAYER NURSER On Fit LAST ST Toerr Apil 25.2003 1511114TCD CLIME! AtOMAL NOM REID Pea FEDERAL HOME LOAN MTG CORP 313927132 MRGN 35,210.740 7.3555 2.589.920 98.150 2.355.599 90.9528 SERIES 2488 CLASS SO DATED DATE 07/06472 BOCK ENTRY ONLY DUE 03F152032 6.690% FACTOR - .70421480 FEDERAL HOME LOAN MTG CORP 3139278E2 MRGN 40,622483 7.7708 3,160,349 96.310 2.311.425 73.1383 -n SERFS 2483 CL St DATED DATE 07102/02 BOOK ENTRY ONLY DUE 03/15/2032 5.690% C rn FACTOR . .70421480 FEDERAL NATIONAL MTG ASSN STRIPS SERIES 326 CLASS 1 PO DATED DATE 07/01/02 3138FAOR4 MRGN 3.806.994 93.4609 3.558.052 3 38 0.0011 BOOK ENTRY ONLY DUE 07/01/2032 ,001% FACTOR . .90160000 FEDERAL NATIONAL MTG ASSN 31393C2C8 IARGN 24.306.759 11.0313 2.681.339 19.178 1.380.624 51.4901 SERFS 2003-49 CLASS SW !MEREST FROM DATE 05125103 DATED DATE 04/3003 r FIRST COUPON 06/25.070)3 BOOK ENTRY ONLY DUE 01/2502033 5.680% FACTOR - 1.000300:0 Total Government& Agency Obl metier", 121.630.307 3397.744 510.466.106 ZS905£OO- O19- ANGS 027 0301273.15:10 001 v61, EFTA01320839 0.EARED ToinOu*ti rs ViwOLLY Covet° SumlaCtAIIY 0 i t C in r ES9OSEOCIA19- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New York. New York 10179 (212) 272-2000 6 ens Your Portfolio Holdings (continued) Corporate Bonds OtSCR•n3: SRI. 129 ACV 1371 CIAWIIT! PRICt SET MIA ACCRIXD SU , St ATWENT n8,00 Mei 26.2033 norm°. May 30.2003 ACCOUNT nutlet, TAVS NIA LAST STAMAINT Apra 25, 2003 ESIMAIE0 CURRENT St *WO !MD N FANNIE MAE CMO/SERIES 2002.82 SN•IO FLTR DATED DATE 1002102 8COK ENTRY ONLY 011E 102&92031 6.730% FACTOR . .87503428 Taal Corporateacxxls 31392FS73 MRGN 21.879.856 10.2653 2.246,028 52.246,028 20.450 520.450 1,472.514 65.5608 51.472,514 TOTAL FIXEDINCOME $23.876.335 5418.194 $11,938,620 YOUR TOTAL ACCRUED INTEREST 5418.194 YOUR TOTAL ESTIMATED ANNUAL INCOME 511.938.620 YOUR RRICEORORTFOLIONOLDINGS 524.004.409 Bey 9aurti Swarths Cap. 04 Mantach Gale Nati Ilroak4rt New York 112014859 0121 37Z-10:0 FINANCIAL TRUST CO INC Transaction Detail INVESTMENT ACTIVITY SITADAD41 MYX DATE DATE TMIIS C110N 015c 101 05/12/03 05/07103 SOLD SOAKLICUSP OU,Winv PRICE S ANCOR CREW mama FEDERAL NATIONAL MTGASS 3139219R4 -7.139.069 101.06250 7.214.922.36 SERIES 2003-18 CLASS /5 ACCR. INT. 33.88093 DUE 03/25/2018 10.050% 0987797115332 REF 0 2003050746050000 BS 027 OV3V0:335:30 001 9644 EFTA01320840 z m C rn z r PS905£00- O19- ANGS I8 IJ IJ BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Sew. Steams & Co. Inc. 363 mown Avenue New York. New York 10179 1212) 272.2000 7 a !s Transaction Detail (continued) INVESTMENT ACTIVITY (centimes) SETTIENTENT TRADE DUL DATE TIV.WACTEN CESOTIATON 05/14/03 0420103 BOUGHT SOANTOCUSIP CLEARED ThillOUOPI IS %vary OANCO SUOPOLARY Oise. Si-' Swabs Cy. Ustreboth CeTiN Tani Orocitp. NA Yea 11201.31.50 CW31172.1003 FINANCIAL TRUST CO INC STAMONT KATCO AMI 26.2003 TN:TOUGH /My 30. 2003 ACCOUNT Pate IF= TPOMANTER NUMMI mrr srAnkea Area 25.2003 DATUM PARE DUW Airturt caw ;ACM FEDERAL NATIONAL MI6 ASSN 3136FAOR4 3.806.994 89.00000 3.388.224.66 STRPS SERIF_S 326 CUSS 1 PO DUE 07/0112032 00.001% 0987005014332 REF • 2003042146600000 6$ TOAD/ PREVIOUS MONTHS FACTOR AS OF 04/29/03 FNI1/401.30YR(FNMA)G7D 5N96686 20.000.000 100.93750 20.187.500.00 SETT.05.03 DUE 050112033 06.500% 0987280211332 REF • 2003032446680000 BS 05/14403 03/24/03 BOUGHT 05/14403 05/0703 CANCEL SW. FNMA.30YR(FNIAA)G7D 5N96686 20.000.000 103.10156 20.620.312.50 SE71.05/03 DUE 06/01/2013 05.500% O987280211332 REF • 2003050746240000 SS AS Or 05.07/03 TO CM PREVIOUS SELL 05/14/03 03/24/03 CANCEL BUY FtaM-30YRIFNMASTO 51096686 -20.000,000 100.93750 20,187,500.00 St11.05/03 DUE 05/01/2033 05.500% 0987263211332 REF • 2003032446680000 BS AS OF 03/24/03 To o. PREVIOUS BUY 136/14/03 05107/03 SOLD FNMA-30YRIFNA4/9GM 51096686 -20.000.000 103.10156 20,620,312.50 sETT.05.03 DUE 0501/2033 08500% 0987280211332 REF * 2003050746240000 BS 0514103 JOURNAL FEDERAL NATIONAL AMASS 31392.604 SEWS 2CO3-16 CUSS IS 10.050 WE 0305/16 0915/03 PRINCIPAL FEDERAL NOME LOAN MEG CORP 31392R6U0 -2,236,C00 SERFS 2471 CUSS Yr 1.000 DUE 03/15/32 PRINCIPAL REDUCTN 054543 021 0541.030140 COI W41 EFTA01320841 En I8 b.) IJ 0 E I C in r SS905£00- O19- ANGS BEAR STEARNS OFFICE SERyiCer., YOUR ACCOUNT Bear. Steams 6 Co. Me. 383 Madison Avenue Now York. New York 10179 (212) 272.2000 S e t • S Transaction Detail (continued) INVESTMENT ACTNTTY (ccertkrued) SETTIIIAMI OATS TUC( Wit MANSACSON DESCOOPMAI meats. CAMATATY ARSE Olen AVOW CISCO WOW b5115/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392R6U0 -952 SERFS 2471 CLASS Yr 1.000 DUE 03/15/32 PRINCIPAL REDUCTN 0S-15-03 OS/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP — 31392T6E2 -3.711.000 SERFS 2483 CL St 5.690 DUE 03/15432 PRINCIPAL REOUCTN OS-15-03 05715/03 PRINCIPAL FEDERAL HOME LOAN Mit CORP 3139216E2 -454 SERFS 2483 CL SL LIMO DUE 03415/32 PRINCIPAL REDUCER OS-1543 05)15103 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393/A13 3.918.000 SERFS 2530 CLASS SE 6.090 DUE 02/15/32 PRINCIPAL REDUCTN 0S-15-03 osrigida SNtIPAL FEDERAL HOME LOAN MT& OW 31393FM3 -180 SERIES 2530 CLASS SE 6.090 DM 02/1502 PRNCPAL RECUCIN 05-15-03 05/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393F688 -1,680.000 SERIFS 2526 CLASS SI 5.890 ODE 02/15132 PRICIPAL REDUCTN 05-15-03 06/16/03 PRINCIPAL FEDERAL ROME LOAN MTG CORP 31393FG88 -715 SERFS 2526 CLASS SI 5.690 DUE OM 6/32 PRWCPAL REDUCTN 0S-15.03 05/27/03 PRINCITAL FEDERAL NATIONAL MTG ASSN 3136EALQ1 - 282.084.50 STRIP MTG SERFS 322 CI P0 0.001 DOE 03/01/32 PION R/004-03 AD 05-25-03 REPO P 6I 0.0000 WARES THROWN A'S MASSY OAND) BILLOWY Ow. Stews Smells, Cap. CAA Mwecta [sow Sou *wen Me. Yon 11201.3850 (210272.1000 FINANCIAL TRUST CO INC STATeursT Pp= Asyil 26. 7003 TAAcool M3730. 2003 ACCOUTT state, TAJDAVER tan LAST STATE:PAM AO 25. 2003 OTF asnualswo Op VMS EFTA01320842 ~D ~Jol ITS TENTOTAr OVANC7 SUOSTOARY 171 8 IJ N2 00 0 E I r 95905£00- IA19- ANGS BEAR STEARNS OFIXE SERVICING YOUR ACCOUNT Begir. Stums b Co. Inc. 383 Maioson Avenue New York. New York 10179 (212) 272.2000 Transaction Detail (0006006d) INVESTMENT ACTIVITY (conlinue0) ~EAT MADE DATE Ull TIONSACTIETA DES^N 111.00UCUSIT ~DM TWANER NIANICA on FM sell 25.2003 MON! AUOUP11 us sy ~c OEM AITICUlt 05127103 PRINCIPAL 05/21A33 PRINCIPAL 05/30/03 04/29/03 BOuGiR FARME MAE Cm0/SERIES 200242 544/0 FUR 6.730 DUE 10/2931 PRINCIPAL REDOC17405-25-03 FANNIE Mg 040/SERIES 2002-82 5K-V1 FUR 6.730 CAN 10.25/31 PRNCIPAL REDUCTN 05.25-03 FEDERAL NATIONAL MTG ASSN SERIES 2003.49 CLASS SW CAN 01/26/2033 05.68031 0987021011332 RET 2003042954310000 65 2.‘ OF 04/29103 31392F573 31392,573 31393=8 .1.029.000 .270 24306759 11.06250 ACCR. INT. 2.688.935.21 19.175.34 TOTAL 5.45.904.147.71 S4B 338 700.19 INTEREST art OLSCRITTON SY11110/CUSP OUPEDITE RATE EID DEMI MIOLW CMITAATOWIT 04)28/03 AVG 021 05/15/03 FEDERAL liejki l idel0 115-92.03 05/15/03 FEDERAL 05/15/03 FEDERAL BAL 219.997RT 0.586 OFFICE INTEREST 0403 HOME LOAN MEG CORP HOME LOAN MTG CORP RI 47. Yr .1 HOME LOAN MTG CORP Tvise 5 690 31392R6U0 31392R6U0 313921652 1.0000 1.0000 5.6900 027 µ 04014.3.11.30 001 100.25 22.26748 31.810.54 210.217.22 YW IST Sit^ Ceo.S Gos INInech 4wN 1.17T troolOn. ITerr Tok 11201~0 1212I 272-1000 FINANCUL TRUST CO INC STANDENE ~0 AINI 26.2003 TINOUT314 May 30.2003 /CLOUA'? Num= EFTA01320843 6tEEZZOO-V.L.43 O 0 -n C rn z r _ LS9OS£00 IN9 ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bea. Steams & Co. Inc. 383 Madison Avenue New YOtk. New `reek 10179 (212) 272-2030 10 eo Transaction Detail (continued) INTEREST (continued) CLEARED THROIXAM ria ma/ C•oltO SUSSOWO 0•76. See setae Oa Ono wooed, Coto /43M OxiOn. Om Vat 11201•3149 W21212-1003 FINANCIAL TRUST CO INC STATEMENT neon April 26 2003 THRO1.O1 Mei 30.2003 Accouter NLAPIER TAXPAYER ISMER On it LAST STATOANT Avi IS 2CO3 DATE DESCAPTICII SYMIOUCUSP GUMMY RATE IV CCM &MOUNT COOMI MOAT 05,15/03 FEDERAL HOME LOAN MTG CORP 31392T332 6.6900 214.23448 1211 1We Sa i r23 . 05/15/03 FEDERAL HOME LOAN MTG CORP 31393tAi3 aCis41C0no3 6.0900 247363.95 05115/03 FEDERAL NOME LOAN MTG CORP 31393, 086 5.6900 99.138.19 M IORCL en-03 05/27/03 FANNIE MAE PAO/SERIES 2002-82 31392F573 6.7300 128.48a02 Ma% WENT 0 '1.03 TOTAL 5953414.23 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Steams& Co.Inc. 517W MOE OAR PAR TONSACTKO DESCRPT1311 SWAIOUCUSIP IMMO DEBIT moDUM MOT MOM 05/13/03 JOURNAL -PR T FITMADP COo77 323301A 8888888 1.950.000.00 8.625 DUE 12/31/49 2074420592 05/13/03 JOURNAL Frrha773233079 8888888 1.950.000.00 6.625 DUE 12/31/49 2074420692 05/13/03 lOURNAI m ar 77323301C 8888888 1.950.000.00 8.625 DUE 12/31/49 2074420692 027 0141/03:1110 001 1044 EFTA01320844 BEAR STEARNS OFFICE SER ICING YOUR ACCOUNT Rear. Stearns b Co. Inc. 383 Madison Arena New York. New York 10179 (212) 272-2000 11 a15 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued] ea.= Tnueal ITS Onle ADMAN' MA. Sun ~es Co.. Ors Van en Noah ban. New Twit 11201.245.9 lily 272.1000 FINANCW. TRUST CO INC («Mate« (0)70 Per( 252003 TIRØ May 30.2003 AØ %We TAxPAYOX ~ER On Me var sy.a/zwnn Awl 25.2003 SETTUMEN7 TRAP( DATE OA« litnE110(4 DESCRIPTION SWB3Le«.7. WUMT DM NEU« anon /MOUNT 05/13/03 JOURNAL Mkt,' ?R77323301D 6688688 8.290.030.00 8.625 DUE 12/31/49 2074420692 05/13/03 INTEREST % 8888888 1.256.67 DUE 1 049 8.625 FONT-PR F077323301A 2074420692 -n 05/14/03 JOURNAL altikieg'°W4T?ir al 6 C 1 3136FA0R4 .3.806.994 3.159.000.00 0,001 DUE 07/01/32 TITIA F134306$ Al RP OPEN RP13430B5A RP OPEN RII134308SA rn 05/19)03 JOURNAL STw _ FIDERs 5.fmws AI_NA6 el 4% 5 TIONAL LITO PO ASSN 32 3136FACIR4 -3.606.994 2.120.000.00 0.001 DUE 07/01132 FILM F1393247 Al RP OPEN RP1393247A P9 OPEN RP1393247A 05/19)03 JOURNAL RADSNATION.Alcs9 0ASSN ST 326 i 3138FAOR4 3.806.994 3,158,000.00 0.001 DUE 07/01/32 TOM F134308-5 A2 r RP TERM RP13430EISA 167 TERM RP1 343065A 05/19103 INTEREST budioNA PASS L 9a0 ASSN 3136FØ4 684.23 STRIPEOLRAL PS SERIES 32 1 PI) 85905£00- IA19- ANGS DUE 07/01/2032 0,001 FM F1343085 A2 RP TERM PS/1343085A RP TERM /191343005A 09/23703 JOURNAL FITMØ F077323301E 8.625 DUE 12131149 2074420692 11888888 9.290.000.00 027 0213713(t72S3 001 VIN4 EFTA01320845 rn 8 b.) IJ -n C in r 6S9OSEOCIN9- ANGS BEAR STEARNS OF ACE SERVICING YOUR MION.P4T Beet. Ste8mS & Co. Inc. 383 Madisco Avenue New Yak. New Yak 10179 (212) 212-2030 12 C4 '5 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SMIDDINT TRADE Oat DATE OlvaACD0.1 OISCRPTIW 05/23/03 JOURNAL ADP CD Finl.rix F077323301F 8.625 OUE 12/31/49 2074420692 05/23/03 JOURNAL ADP Fail-PR F077323301G 8.625 DUE 12)31/49 2074420692 05/23/03 U FRMJfIt F077323301N 6.625 DUE 12/31/49 2074420692 05/23103 INTEREST DUE ADP 2/31 9 8.625 FRM-PR 7077323301E 2074420692 05128703 JOURNAL sTRASEINTAWAss" 0.001 DUE 03701/32 FTTM F1113165 44 PP TERM RP11131154 PP TERM RP111310.54 sERWIIMASIPAN 1.000 DUE 03/15/32 ATM F0973100 A2 RP TERM RP09731034 RP TERM R1,09731034 SIRAMCWASTl iSS" 0.001 DUE 07/01/32 ATM F1393247 42 RP TERM RP13932474 RP TERM RP13932474 0572803 JOURNAL MTG CORP 05728703 JOURNAL CLLOWD MROuGn AN= 04.0.0 SAISOORr Sims kortles Cap Oat WeirOlICh Cats WO O . les von 11201.320 121212721000 FINANCIAL TRUST CO INC rrAiner: PER,00 April 26.2001 nire:oam May 3a 2003 ACOOLNT MAMA TAXIWOZR immeti ik LAM rAnUNT AEA 25, 2003 SwilaialaR Wormy DEW MONT CREW MOM 8888888 9.290.000.00 8888888 9,290,000.00 8888888 11.100.000.00 8888888 2.348.31 3136FAL01 3.528,945 3.078.000.00 ••• 31392R6U0 34,977.030 3136FA0R4 3.806.994 2.120.000.00 027 05.01/03.1ka0 COI fl u EFTA01320846 tn IJ IJ 1-91 Is) 0 m cim H r 09905£00- 01D- ANGS BUR STEARNS C4TiCE SERVICES YOUR ACCOUNT Bear. Stan & Co. Ono. 363 Mackson Avenue Now Yon', NOW York 1O179 (212) 272-2000 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) =ARID THROWN III vM0mY Ov.ta) WOO:WM Ow. $Ws Staten Coq. G.idetmlich Crag Mat Imam. alto Yen >014.1159 218 212.1030 FINANCIAL TRUST CO INC STATDADIT PEC000 April 26.2OO3 21.001.13a May 30.2003 AOCCanfr PONDER TAXPAYER mew On Fie urr sverealwr AO 25.2000 SI TlifM041 119.40( DAM DATE IliMISAC1104 orsoavnon sysouturur Mummy men MC40/1 atm sow 05/28/03 JOURNAL SEM FEDERAL CLASS HOME LOAN MTG CORP 31392T)32 35.210.740 3.133.00000 2488 6.690 DUE 03/15132 SO RIM F1153151 A4 RP TERM RPI 153151A PP TERM RP1153161A 05128/03 JOURNAL tintlif 16773233011 8.625 DUE 12/31/49 2074420692 Ma 16773233011 8.625 DUE 12/31(49 2074420692 8888888 3,190,003.00 05/28703 JOURNAL 8888888 11,100,000.00 05/28/03 INYERE§t FEDERAL NATIONAL MTG ASSN 3138FALOI 4.966.69 STRP MTG SERIES 322 a PO DUE 0341/2032 0.001 Wm F1113165 A4 RP TERM RP1113185A RP TERM RP1113165A 05/28/1/3 eager DERA NATIO MFG ASSN 3136FAOR4 832.10 S SERI S 326 c PO DUE 07/01/2032 0.001 FIN 11393247 A2 RP TERM RP1393247A RP TERM F6n193247A 05/28/03 INTEREST SERIES FEDERAL H E S NMTG CORP 313927/32 4.506.91 2468 C OUE 0115/2032 6.690 MN F1153151 AA RP TERM RP1153151A RP TERM RP1153151A INTEREST DUE ADP CD 049 8.625 8888888 1,389.00 1 FITWPR FO773233O11 2074420692 05/28)03 027 0•331 /03:13 10 001 EFTA01320847 0 m C in r T9905£OO- O19- ANGS I8 b.) b.) UN BEAR STEARNS Celt( SERVICR4G YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Macison Avenue New York. New York 10179 1214 272-2000 14 a it Transaction Detail (continued) Clump TPA:Ws ITS vmOu.V WALD SuSSOAS Is Stars Sculls Cap. & wrote." caw SS lists Sea Ca 201.3859 12131 212.1000 FINANCIAL TRUST CO INC stArnes ProOD ACA 26.2003 IsPa.S.4 May 30.2033 ACCCANT MASER REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS SEMDPENT ISO( an OAK IRMSPC11014 DISCAIPTON Vonimiet0 :SOP/CUSP CRIONITI 000 nava risPANIA Marl" tar STATOJES April 25.2033 CALM AVOW! 0929/03 JOURNAL FlTIM 8773233011. 8888888 2.830,00080 8.625 OUR 12/31/49 2074420692 05/29/03 JOURNAL Fla 277323301K 8888888 3,19800080 8.625 OUR 12/31/49 2074420692 05/29/03 INTEREST ADP CD WE 12/31/2049 8.826 8888888 82.41 FIT1A-PR 2077323301K 2074420692 05/30/03 JOURNAL R1M-P NW R g i77323301N 8888888 2,830,000.00 8.625 CUE 12/31/49 2074420692 05/30/03 INTEREST DUE ATOP 049 8.625 8888888 74.68 FITAAPR F077323301N 2074420692 TOTAL 549.149.991.93 544,883,131.07 MISCELLANEOUS DATE WAS litmetACTS1 Ot.SCRP11P311 DEW MONO MO moon 05/09103 JOURNAL APR 03 SPEC CLEARING FEES 50.00 05114/03 JOURNAL FNMA-30YR(FNMMGTO 432.812.50 SETT.05/03 5.500 DUE 0901/33 MSS MT 05/14/03 05/16/03 JOURNAL FEDERAL HOME LOAN MTG CORP SERFS 2471 CLASS YT 1.000 DUE 03/15/32 P41 TRNFR Oa? 9843.18 0931,03.1S 30 001 VfAl EFTA01320848 -n z C rn z r Z990SEOCIN9- ANGS I8 b.) b.) lr BEAR STEARNS CCTICE SERViCING YOUR ACCOUNT Bear, Steams & Co. Inc. 383 Mechem Avenue New York. New Yak 101, e (212) 272-2000 15 an Transaction Detail (continued) MISCELLANEOUS (continues) an NOWT TONSACTON 0(10 MOM MECO /MOUNT 05/27103 JOURNAL 1.828.633.00 05/29/03 JOURNAL TOTAL 362.114.00 5.362.164.00 52.270.988.66 Trades Executed Pending Settlement Sonata TM( OAR OAR TRINSICTON DESCRSION 06/12/03 05/07/03 BOUGHT SHABOLOAIR WAND TIROWN ITS WOLIN awe SUSNIXAAT ION Sion Stoats Cos Os MEMO Claw NOT &odd" Ike Tat 111014SO MA 272.10w FINANCIAL TRUST CO INC STATSENT PERKO *eel 26.2003 THROUGH Wry 30.2003 ACCOUNT HYMN TNOTANTR KAM% On Fie Leer erkrower Apo 25.2003 Weary PRICE DENT SUMAC CREW AMOUNT FNMI030YR(FN/AA)C1D 51196957 20,000,000.00 102.7187 20,543,750.03 SETT.C6/03 COE 06/01/2033 05.500% 0987280211332 REF • 2003050746200000 I3S TOTAL 520.543.750.00 50.00 The SW. atlas 03,91 WOW ..10, Pee 11•0*.trINI !mew. End of Statement 321 05,31/03:1140 COI "44 EFTA01320849 En I8 IJ 1,2 1-41 1.0 0 -n C in r £9905£00- O19- ANGS BUR STEARNS OFFICE SERVICNG YOUR ACCOUNT Bear Steams & Co. Inc. 383 Madison Avenue New Yak. New York 10179 (212) 272-2000 ACCOUNT EXECUTI'vE GNMA GOVT BOND visa OUR WEBSIIT www.Learstcatm..com What's In This Statement 1111rllrtrlr11111 I I Financial Summary 3 Your Pcrtfdio Holdings Transaction Detai 6 Trades Not Yet Settled 13 FINANCIAL TRUST co INC GO JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE 63 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE CC SECURITIES nay PERIOD 21.153.305 LONG ACCRUED INTEREST 193.002 AFT CREDIT BAIANCE 97,944 NIT Mare THIS PEMOD 521,444.251 NET EQUITY LAST STATEMENT 24.650.030 CHANGE SINCE UST STATEMENT -3,205.779 There are no 'Stop Loss' orders or other pending buy or sel open orders on Me for your account. Cron &EqUkent .944 - 527 1973.282 Rad immuma521.153.305 Income 124.025.042 Current market rat MO SlateMerCS market van CaEARED mito.too ors 881-044. Onte.0 SL•SCAARY Bear. Sown Seamen Cce5 Cne Memok. eats Son RAW, Mew York 11201485o WV 272-1020 FINANCIAL TKUS1 CO INC STATEMENT PERIc0 %Nth 29. 20D3 TmlliOuem Apl 25. 2003 ACCOUNT NuullEA TASPAKR NUNSER 01 File vs, STATVADIT March 216 2003 SW( Tin ',way is Ur Merton:I NM ANA. AN SWAN dearlitt Tin suennst +WO be MANNA R* no* riko-84 St reAne fee rr nouvrt1INAN1:414. 027 0476,03.11 48 001 EFTA01320850 WARM THROUCC4 w1Cco' OWPCD SUNDWAY Ow. Sun licurOes Co — lidOciach C— Not, 090k1o. New Val 112014869 (213127x.1000 FINANCIAL TRUST CO INC 1 y • 0 z m cim z H r 179905£00- IND- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 021 04R6C0:11441 001 1,643 EFTA01320851 rn IJ IJ J BEAR STUWNS arriCE SERvcING YOUR ACCOUNT Beet Steams & Co. Inc. 383 Madsen Avenue New York. New York 10179 (212) 272-2000 0 3 e •3 Cash Flow Analysis Tin NM® Income Summary Pf1000 VUR1O OAT& Opening Ba lance Securities Sold Dividends/Interest MiscelMews Amount Credited 5273.282.28 48.556.911.46 1.070.933.50 145.91171 549.773.758.87 Cart. Agency Int. Corp. Boni Int- Credit Balance Rowse Repurchase Int. Total Bond Purchase kit 938,63316 132.220.68 79.66 521.67 51 071,455.17 0.00 3,788,032.44 402.192.43 272.18 4,112.99 54.192,610.04 -30.981.48 Searities Bought 49.850.352.59 Repurchase Ira. Ey. -13.352.59 -13.35159 m Funds %Mame -77,852.00 C rn Miscellaneous Amount Debited Net Cash Activity -20,892.47 S-49.949.097.06 -175.338.39 Portfolio Composition Cash/Cash Equivalent 97.944 Feed Inarne 21.153.305 Cloaing Balance 597.943.89 Total 521.251.249 r 59905£00- IN9- ANGS CautC0 7145303M as YMcI. Con5E0 Su030MPLY SW.. Stens UMW. Cap. Om wawa Cola Wan BV:Idr. Maw TO1 112014659 ein 2720000 FINANCIAL TRUST CO INC STATONNT PEP= March 29.2003 cmcCuOm Apnl 25. 2003 ACCC5110 TAXPAYIX LAST STATMaNT Wien n. 2003 Your Portfolio Allocation Cash Balance Summary Cash & teuirdere — <1% 0000144 MOWN Mengin 273.282.28 97.943.89 Net Cash 8allute 5273.282.28 597,94189 • 027 002503.11 01 001 Fried Income 99% UresSol Went 610,G. Otte NYv wdb eat wear! Nat. The tocirkw Omen:int ken w abode +wit pans v043 EFTA01320852 rn I8 IJ V.) 00 0 -n C in r 9990SEOCIN9- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue Mew York. Now York 10179 (212) 272.2003 4 a • Your Portfolio Holdings CASH & CASH EQUIVALENTS 11AREE1 ESTIM111) [UMW 11130.111.100 SO.O1O‘O.41P WmOm VICUI MOWN. INCOM MLD 00 CASH BALANCE 97.944 TOTAL CASH & CASH EQUIVALENTS 597.944 FIXED INCOME Government & Agency Obligations CESCRIPTON SWIM./CUSP ACCT Int Kamm MCI WARD VALUE AMMO MI REST MINA= *Ma POMIC CURIUM 01.10110 FEDERAL NATIONAL MEG ASS 31392JPR4 MRGN 7,139.070 98.7400 7.049.118 717.477 10.1783 SERIES 2003-16 CUSS 15 DATED DATE 01/06/03 8170( ENTRY ONLY DUE 03/25/2018 10.050% FACTOR . .96509519 FEDERAL HOME LOAN MTG CORP 31393FAF3 MRGN 48.741.661 9.1479 4.458.847 82.458 2.968.367 66.5725 SERIES 2530 CUSS SE DATED DATE 10f11/02 BOON ENTRY ONLY DUE 02/15/2032 6.090% FACTOR . .81236110 FEDERAL HOME LOAN MEG CORP 31393FG86 MRGN 20207.879 9.1154 1.905232 33.046 1.189,658 62.4220 SERIM. 2526 CLASS SI DATED OATEN:MUM BOOK ENTRY ONLY DUE 02/15/2032 5.690% FACTOR - 21238110 FEDERAL HOME LOAN MTG CORP 31392R6110 MRGN 26.720.852 2.7564 736.536 7.423 267.209 36.2791 SERIES 2471 CUSS Yr DATED DATE 0607/02 BOOK ENTRY ONLY DUE 03/15/2032 1.000% FACTOR . .76345290 CULAMO T) (M 1111 Maw' 010€00 0003011Xf • Swis Satrous Cap. Ore Metaan Orin ilmh baldr. NM vat 11201.303.9 O16 212.1OOO FINANCIAL TRUST CO INC STATEItt etAcO twint. 29. 2003 MROuca, *1 25.2003 Afar VAMER TAX.AYER PALMER CT1 fa! LAST STATZWYT Mirth 28.2003 04126003:11:40 001 4443 EFTA01320853 O -n C rn r L9905£00- 019- ANGS BEAR STBIRNS CARCE SEAMING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Manson Avenue New York, New Ycek 10179 (212) 2724000 reit =ARO MRCLOm RS PAROLLY CAY.X.O SLIRSCARY Bs. Stirs 'same. Cap. Ore Neva- Caw Mein mote. New Tot 11201.1.169 Rol 212.1000 FINANCIAL TRUST CO INC narrseer Mete march 29. 2003 THROU0/4 Apnl 25.2003 Your Portfolio Holdings (continued) ACCUAIT malt* TAXPAYER PLASM LAST sTATIIKUT March 28.2001 Government & Agency Obligations (conurued) ACC' ACCRUED 051WATED CIIRSERX DISOSIMEN 'MARC-0LS'. :TM COMM Pea IPARCET VILLE POLOIST WARM IKON VELD I% FEDERAL /TOME LOAN 1416 CORP 31392T&E2 MRGN 44.334,037 9.2039 4.080.481 70,075 2.522.607 61.8213 SERIES 2463 CL SL DATED DATE 07/02/02 BOOK ENTRY ONLY DUE 0,V15/2032 5.690% FACTOR . .788S5490 Total Government& AgencyOultgations $18.230.814 5193.002 57.665.318 Corporate Bonds ACCT ACORLED ESTRUM] CLOPMX41 Dt1O1211111J SlinCtICUSP 0.APATry MU WW1 VALUE INTEREST NOR A. NOWT MOD NI FANNIE MAE CMO/SERIES 2002-82 31392F573 MRGN 22.909.126 12.7589 2.922.491 1.541.784 52.7558 Slr-VO FUR DATED DATE 1DO2/02 BOOK ENTRY ONLY DUE 10/25/2031 6.730% FACTOR - .91636507 Total corporatoeonds 52.922,491 $0 $1.541.784 TOTAL FIXED INCOME S21.153.305 $193.002 59.207.102 YOUR TOTAL ACCRUED INTEREST 5193.002 YOUR TOTAL ESTIMATED ANNUAL INCOME 59.207.102 YOUR PRICED PORTFOLIOHOLDINGS $21.251.249 027 04,26M1.11 Re WI EFTA01320854 CUARt0 netovam rTS A.40tLY OWAD SUISSOVAY En 8 b.) b.) O aW BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Beer. Steams 6 Co. Inc. 383 Madison Avenue New Yoh.. New Yak 10179 (21 2) 272.2000 6a> Ow Son Setaitat Cap. One Iteracth Carta• North Omar% New York 112014859 I2I zrz.lcco FINANCIAL TRUST CO INC STAILItla PFI000 Minh 29.2033 THROUGH Ayi 2$.2003 z -n Repurchase and Reverse Repurchase Transactions with Bear,Stearnsand Co.Inc. outstanding as of date of statement RUREMASE/ 110/11011St PROM PAWS( POW ACCRUED REPO START DOE E1E MR Pfld INTEREST. 01100110Y JSWOI Cuts ADJOIN', %NINA TAX, AVER WNW; PM LAST STA.P.OTS, wee, 28, TOD] CCSOISTCN YOU PROVIDED (MRGIN) 04/07/03 OPEN 0.000 YOU SOLD (REPO) 04/21/03 05/21/03 1.570 YOU SOLD (REPO) 04/25/03 05/2103 1.570 -3.078000 -3.133.000 -939 -409 .50,000.000 -5.000.000 -50.000,000 31392R6U0 3138FAL01 11392T132 FEDERAL HOME LOAN 1AT G CORP SERIES 2471 CLASS YI 1.000003/15/32 FNMA.SMETS PRINCIPAL ONLY SERIES 322 CLASS PO 03/01/32 FEDERAL HOME LOAN MTG MAP SERIES 2486 CLASS SO 6.6900 03/15/32 C rn z -H TOTAL REVERSE REPURCHASE TRANSACTIONS 50 SO TOTAL REPURCHASE •RAUSAC'IONS 5-6.211.000 5.1,348 ataweren an Transaction Detail INVESTMENT ACTIVITY r 8990SEOCIN9- ANGS 21112021111 WE 01/01 ERIE 1RARSOCIPON OCSCR011311 111100110.15P OUVIRTY MCI Ear AAK1Ula a£M AVOUNT 04/14/03 01/27/03 BOUGHT FNIA4-30YR(FNMA) DID 9496251 10.000,000 100.60938 10,060937.50 SET7.04/03 CUE 04/01/2033 05.500% 0987797115332 REF a 2003012746430030 BS 04/14)03 02104/03 BOUGHT FNMA- 1NMA)GTD 5(196251 10,000,000 100.93750 10,093,750.00 SETT.0003 DUE 04/01/2033 05.500% 0987280211332 REF a 2003020446390003 BS 027 0416510111:110 001 Yby EFTA01320855 rn 8 b.) 1.2 C) 0 m C rn r 69905£00- O19- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUN7 Bear. Steams & Co. Inc. 383 Madison Avenue New Yea. New York 10179 (212) 272-2000 7 a •F Transaction Detail (continued) INVESTMENT ACTIVITY (continued) 51111138130 OATE 1980( PM 184115481109 MGM= 511.18X81/512 0.01809 PACt 0188 Alielfre MCC MOW 04114/03 03/24/03 CANCEL SELL FNMA.30YR(FNMAI GTO 5N96251 20.000.000 101.35156 20.270.312.50 SETT.04/03 DUE 0401/2033 05.500% 0987200211332 REF 8 2003032445850300 85 AS Di 0372403 TO CA PREVI3US SELL 04/14/03 01/27/03 CANCEL BUY FNMA-30YR(FNMAIGTE) 5N96251 -10.000.000 100.60938 10,060,937.50 SETT.04A)3 DUE 0401/2033 05.500% 0987797115332 REF 12003012746430000 BS AS OF 01/2700 TO 01 PREVIZUS BUY 0014/03 0204703 CANCEL BUY FNMA-30YONMA)G D 51196251 -10000000 100.93750 10.093.750.00 SETTO403 DUE 04/01/2033 05.500% 0987260211332 REF # 2003020448390003 BS AS OF 02/04/03 TO CAL PREVEUS BUY 04/14103 03/24/03 SOLD 51196251 -20.000.000 101.35158 20.270312.50 FNIAA HT NMA)GTO SETT.D4M3 cm 0601/2033 05.500% 0987280211332 REF 12003032446850000 BS 04/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392R6U0 -1.546.030 SERIES 2471 CLASS YT 1,000 CUE 03/15/32 PRIKIPAL REDUCTN 04-1603 04/15/03 PRINCIPAL FEDERAL HOME LOAN MIG CORP 31392R6U0 410 SERIES 2471 CLASS YT 1.000 DUE 03/15/32 PRINCIPAL REDuCny 04-15-03 04/15/03 PRINCIPAL FEDERAL MOMS LOAN MTG ODRA 3139276E2 -2.569.000 SERIES 2483 a Si. 5,720 DUE 03/15/32 PRINCIPAL REDUCR4 061543 CLE8980 1W101.83m 03 vOOLLY 00310) 21.83.CW/Y 8es/ Reams SCUPS. Cap. manoto Cettli. gra Orceitp. New IfOrk 11201.3859 Cala 272.lcco FINANCIAL TRUST CO INC IITATEMEhl PERM) Myth 29.2003 THROUGH Ayel 25. 2003 ACC013141 %NM 781PAYER MAW/ On Fie LAST STAIIMMT Myth 28.2003 027 04/744811:44 001 VS83 EFTA01320856 -n C in r OL9OSEOCIN9- ANGS I8 b.) IJ IJ BEAR STEARNS 01310E SERVICING YOUR ACCOUNT Bear, Steams & Co. Inc. 3B3 Madison Avenue New York. New York 10179 1214 272-2000 8 ,3 Transaction Detail (continued) INVESTMENT ACTIVITY (0)ndmed) =ARM 114IOUON ITS ?MOLLY OVA.= STAISCAARY But. San Saw** ON. Oro ihmoNch Casey WS Mote". Mw Tait 11201.L55 Inn zia-loco FINANCIAL TRUST CO INC stAistarNT INDIOD /Arch 29.2003 nOtOUDN Ara 25.0003 ACCOUNT KauSEN TAXPAYER NUNSEA LAST STATiwir march 28. 2003 SEM/WENT TINGE DATE DATE MUSCIICed wicsrancri SON3O./CUSp Comm P4105 oust MONT CREDO /MOUNT 04/15/03 PRINCIPAL FEDERAL HOME LOAN AUG CORP 31392T6E2 -379 SERE 2483 CL St 5.720 DUE 03115/32 PRINCIPAL REDUCTN 04-15-03 04/15/03 PRINCIPAL FEDERAL HOME LOAN MEG CORP 373930.13 -2,857,000 SUES 2530 CUSS SE 6.120 DUE 02/15132 PRMCIPAL REDUCTN 04-15-03 04/15703 PRINCIPAL FEDERAL HOME LOAN MTG CORP 313931A13 -650 sEREs 2530 CUSS SE 6.120 DUE 02115/32 PRINCIPAL REDUCTN 04-15-03 04/1903 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393F088 -1.225.000 SUES 2528 cuss 51 5.720 WE 02/15032 pRiNcipAL REDUCTN 04.1543 04./15.103 PRINCIPAL FEDERAL HOME LOAN MEG CORP 31393FG86 -795 SERIES 2526 MASS Si 5.720 WE 02/15/32 PRINCIPAL REDUCTN 04-15-03 04/25/03 PRINC.AL FEDERAL NATIONAL MEG ASSN 3736FAL031 231,916.95 snap tiro wen 322 CL PO 0.001 DUE 03/01/32 pRN RID 03-03 P/0 04-25-03 REPO P 8I 0.0300 cmastba PRiNalPAL FANNIE MAE CMO/SERIES 2002-82 31392F573 .614.196 5K-SO FLU 6.730 WE 10/25/31 PRI/at/PAL RECOUP/ 04-25-03 04/25/03 PRIN5PAL FEDERAL NATIONAL MEG ASS 313921PR4 -188,473 SERIES 2003-16 CLASS JS 10.060 WE 03/25/15 preNapAL REDucTN 04-25-03 027 04/26.03.11.40 COI VON EFTA01320857 £9£EZZOOVia 0 z m z r TL905£00 IND ANGS BEAR STBNRNS OFFICE SEWERS YOUR ACCOUVT Bear. Stearns 8. Co. Inc. 383 madisc0 Avenue New York New York 10179 (212) 272-2030 Transaction Detail (continued) INVESTMENT ACTIVITY (ccotinued) 5011.11000 MAX DAR 0" IltANSACTO1 COCMP1/31f 04/25/03 PRINCIPAL FEDERAL NATIONAL WC ASS SERIES 2003-1S CUSS JS 10.050 CUE 03/25/18 P2-7,NK2PAL PAYVENT 04.25.03 NJ' A I. DEPOSITS AND WITHDRAWALS ~RED llektuan irS M.14CtLY Genie° SueS0wri Bear Suns Sec a Cap. OY idaret.aa Caw NYT Ilrod0p. Non Val 11211.54159 :2122 272.1003 FINANCIAL TRUST CO INC STATnert 1.01)00 Math 29. 2003 /14ROUOm April 25. 2003 steCtea ~ma TAKPAYOs MER nueOlttlyi, MC( UST STATtliVir 0011 »WI3 Mach 28. 2001 On DO WONT 31392JPR4 188.472.84 5.40 425 COO 00 540.845.389.79 OAR MUCAC1130 OESC” 00IIIMOUNIT 01/03/03 END WIRED Wtti 48Q6effiSWIRED TO 77.852.00 AC238/604020 C 237788 TOTAL 5-77 85200 Cetort main INTEREST art ODYISITC41 03/31403 AVG BAL 241,588RT 0.424 021 OFFICE INTEREST 0303 04/15/03 FEDERAL HOME LOAN MTG IMRCor49vg.3 511121/0119) 04115/03 FEDERAL HOME LOAN WO CORP Mr °112713 51 :1.4. 04/15403 FEDERAL HOME LOAN MIG CORP 313920580 3139205110 3139211352 COMM WEN 012.1110JV CST tam 79.68 1.0000 23.557.88 1.0000 33.854.12 5.7200 223,572.95 Oa? 04121103:11:48 001 212 EFTA01320858 0 -n z C in z r ZL9OSEOCIN9- ANGS IJ IJ BEAR STEARNS CC fiCE SERYCING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madaon Avenue New York. New York 10179 (212) 272.2000 10 e Transaction Detail (continued) 0-EMED 1100U0n ITS womttv OATS* sa*wRv Na. Swam Scans Co Ow liemsach Car It,,, amahn. Nem Vert 1T:01.1419 0121271.1000 FINANCIAL TRUST CO INC 8TATMENT PERM March 29.2003 11410.43.4 AO 25.2003 ACCOura mmlet TathavER mum* On File INTEREST (condrued) WIT STATVADTT March 2t 2003 DATE CISCRPTION SYMOCUCUS. 04115/03 FEDERAL HOME LOAN MFG CORP 31392T/32 Dieisgps3 04/15/03 FEDERAL HOME LOAN MTG CORP 31393FAF3 IIIMINCD;g03 0//15103 FEDERAL HOME LOAN MTG CORP 313931686 kg. 04/25/03 FANME MAE CMO/SERIES 200242 31392F573 WARJENT 11!&3 04/25103 FEDERAL NATIONAL MTG ASS 313921PR4 MUMMA NT 03:18707 TOTAL REPURCHASEAND REVERSE REPURCHASE TRANSACTIONS with Bear, Steams& Co. Inc. SURES TRAM art 0411 UM15/4112.14 01/07/03 JOURNAL OTSCIWTION SERIES M-Mr 1.000 DUE 03/15/32 FM F0977100 Al RP OPEN RP0973100A RP OPEN RP0973100A FITS R773233016 8.626 CDC 12/31/49 2074420692 004/004 RAM 09 OEM TMOUM 0600 IMMO 8.7200 227.667.02 6.1200 263,156.51 5.7200 105.503.85 6.7300 132.220.68 10.0500 61.52043 Si 070.033.60 ST/10000.60. GUAM( DLM Mar/ atm MOUNT MTG CORP 31392R6U0 40.384.945 0017/03 JOURNAL 8888888 750.003.00 04/21/3111:411 001 V14.1 EFTA01320859 In 8 b.) 1.2 0 -n C in r EL9OSEOCIN9- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Beer. Stearns & Co. kw. 383 Madson Avenue New York. New York 10179 (212) 272.2000 11 o113 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (canInuecQ 5411121.1111 MIX OAR DATE IPAPSICDON OLSCOPTON 0017/03 JOURNAL F ar C2773233017 8.625 DUE 12/31/49 2074420692 04/17/03 JOURNAL ADP FMA-M 773233018 8.625 DUE 17/31/49 2074420692 04/17/03 JOURNAL nia R773233019 8.625 DUE 12/31/49 2074420692 04/17/03 INTEREST ADP CD DUE 12/31/2049 8.525 FillA-PR F0773233016 2074420692 04/21/03 A3UNNAL STRgifnitri NAL gre thk G ASSN 0,001 CUE 03/01/32 FI114 70781186 A2 RP TERM R90783186.1 RP TERM RP07831864 04/21/03 JOURNAL STRkafeikanin NA N ASSN 0.001 DUE 03/01/32 FEIN 71113165 Al RP OPEN RP1I13185A RP OPEN 011113185A STRIMIRMPAIV ASSN DUE 03012032 0,001 FRM 70763166 AZ PP TERM M783186.4 RP TERM APO/83186A 04/21/03 INTEREST CLEARED Thaa.cm ITS VesOLLY Oisba0 WASCURv Sear. Yana soartan Cap. Cat Maar-5 Cate Nab Srcolln law York 112014859 12121222-1010 FINANCIAL TRUST CO INC STATEuea Pf.M00 Mach 29, 2003 niA011264 AO 25. 2003 ACCdar HASA Mona MAHER LAST STATOVINT Werth 28 2003 $011.15.CUSIP Ou/alai DRIP WPM CREW MOUNT 8888888 750,000.00 8888888 750.000.00 8888888 1.950.000.00 8888888 521.67 3136FAID1 3.811.029 3.032.000.00 3136FALOT -3.811.029 3.078.000:08 3134FAL01 4,307.97 031 01/210;11p1A 001 11543 EFTA01320860 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Boar. Steams & Co. Inc. 383 Madison Avenue New VEDA New Yet 10179 (212) 272-2C00 12 el, Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (conliwed) 0 -n UMORN MAC( GATE an rtAASAC11Cei mscept04 SYM1101.0.64P 0444 DEMI MOAT 41047 MI0UNI 04/25/03 04/25003 04/25/03 JOURNAL JOURNAL INTEREST SERIETIARtaitf LO MTG CORP 6.690 DUE 03/1932 FMA F1153151 Al RP COEN 01153151A RP COEN RP1153151A Mi EDIERALMMAN MTG CORP ms ZABO 6.690 DUE 0311932 FITM 70593333 A2 RP TERM RP0593333A RP TERM RP0593133A SERI FEDERAL HOMEMAN MTG CORP ES 218I CLAM 03t15/2032 6.890 FLINT F0593333 A2 RP TERM RPOS93333A RP TERM V0593333/. 313921/32 31392T132 31392T332 -38.427.745 38,427.745 3.600)300.00 9.044.62 3.133.000.00 ..... C rn TOTAL 5.9.425.352.59 57.711 521.67 MISCELLANEOUS CLEARED NAOLARn rTS AM0tiv OwstD SJELScrAxe Boa. Sena Sonnies Cap Cne Verouth Ceno Nam awinn AA. at .1201-3859. 121?)2n.loon FINANCIAL TRUST CO INC STATEulek7 Plitco With 29.2003 flocs-Kai Ael 75. 2003 AZOOLNT otwaEct TA0AvER KAMM LAST svArcure Witch 28. 2003 r PL905£00-O19-ANGS I8 IJ IJ 0", DATE M0DAY IRSGSC1DI CESCRP1174 DEBIT SIA0CNI alte MOM 04/1003 JOURNAL AMR 03 SPEC CLEARING FEES 700.00 04114/03 JOURNAL FNMA.30YR(FNMA)GTO 115.625.00 SETT.CW03 5.500 DUE 04/01/33 MIS NET 00443 04/16003 JOURNAL FEDERAL HOME LOAN MTG CORP 20.192.47 SERIES 2471 CLASS YT 1.000 Du( 03/15(12 NT 021432128 TO 021.52128 022 044610111:4 001 11143 EFTA01320861 0 -n C in z -H r SL9OSEOCIA19- ANGS BEAR STEARNS OFFICE SEMACING YOUR ACCOUNT Beef. &earns & Co. Irc. 383 Madison Avenue Now York New York 10179 (212)272.2000 13 v•I CUOMO TotOuem ITS MADALY CAWS° IMISCMAY Out. Swans Searbes Cs*. Cam Mtatemn Cele see eiosian. MV York 112014859 912I 272.1000 FINANCIAL TRUST CO INC STATEMENT SEIKO Math 29. 2003 110100011 Awl 25, 2003 Transaction Detail (continued) MISCELLANEOUS (corOnced) DAN MODAY TRAM5ACTOM DESCRISMN Men mem ACCCtEr MANNA TAXPAYER maMEAM IP M tAst STATEMENT Meth 28 2003 LEE CC Aare 04/21/03 04/21/03 JOURNAL JOURNAL FEDERAL HOME LOAN MIG COOP SERIES 2471 CLASS VT 1.000 DUE 03/15/32 REVERSE 4/16 ENTRY FEDERAL HOME LOAN M7G CORP SERIES 2471 MASS Yf 1.000 OUE 03/15/32 INT 021.92128 TO 021-52128 20.192.47 10.095.24 TOTAL $-20.892.47 $145.913.71 Trades Executed Pending Settlement Strilaert 19101 [mit OM riumiCTION OISCRPIMS SYMMS:LW OUVEMY 9W DEMI MOAT moo mecum 05/14/03 03/24/03 BOUGHT FRMA-30YR(FNMA)CID 5N96886 20.000.000.00 100.9375 20.187.500.00 SETT.05/03 DUE 05/0112033 05.500% 0987280211332 REf 0 2003032446680000 BS TOTAL 320,187,500.03 30.00 T. On. Clan Co Pa wow any Wet ..a8, a m Malitner. 027 ON2103:11:44 001 1M43 EFTA01320862 CL/ARCO naC0011 ITS iindeLLY 0'MC SUBSOAlte 0 0 z m C in z r 9L905£00- 019- ANOS 8 b.) IJ 00 00 BEAR STEARNS anco SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madson Avenue New York. New York 10179 (212) 272.2000 Ow fl an Stoolies Coe?. o. Idaeolein C— Mat areenr. It. vet 112014.30 2121 272.1000 FINANCIAL TRUST CO INC ACCOUNT EXECuTNE GNMA GOVT BOND STATEsee recto° March 1.2003 VISIT OUR WEBSUE avm.bearsteams.com TNMW W> MVO 28 2003 Accoma NuulIER What's In This Statement TraffrArra wsiera Financial Summary 3 FINANCIAL TRUST CO INC LAST STArmiev ['Way 28.2033 You' Portfolio hidings 4 0/0 JEFFREY EPSTEIN 6100 RED HOOK QUARTER Transaction Detail 6 STE B3 Trades Not Yet Settled 11 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURITIES 1145 PERIOD 24.075.942 Case b Er/anew% $271282 1385.776 LONG ACCRUED INTEREST 300.806 Ned S24.075.942 NET Mort BALANCE 273.282 Warne sustain NET EQUITY THIS PORK* $24.650.030 Q$T meter Nam NET EOUITY EAST STMETANT 23.891.200 ME tatt stamen's market value cRANGE SINCE LAST STATEMENT 758.830 There are no 'Stop LOSS. orders or other pending buy or sell open orders on file for your account. SINllis Amon Y lot ifeensdeasi eases ally. I N rta veered n o tax Nis. "Ns unmet Steal trIallitd * YOU roma See nese ale tr main carom 027 03!903.10-.M 001 VS42 EFTA01320863 Ct.Watt nIttl-CM ITS W140u. anus MAMMY Bar. Sea Stant."' CM. One Wraith Ori N.;rth Omar. New erg ZO 3109 212) 211.1000 FINANCAAL TRUST CO INC z m C in z -H r LL9OSEOCIN9- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 021 03/21103:1064 00i IS•2 EFTA01320864 En 8 b.) IJ BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams b Co. Inc. 383 Madison Avenue New York. Nen York 10179 (212) 272.2030 MIMEO THROuGli ITS 'Attu. Owed> Watinuri Mt Sin Seesaltas Cap. Ore lama° crow worn Me rot 11201.3619 IbA 2/2.1000 FINANCIAL TRUST CO INC 3 a •3 STATEwE T POMO March 1,2003 Trecual tAwCh 28.2003 Cash Flow Analysis DiSPOJOI) Income Summary nos PERM Wm TO MIL ACCOUNT NjUltErt TAXPATTR mANIFJ1 LAST STATVANT Februvi 28. 2003 Opening Balance 5385.775.82 Go)t. Agency Ire. 962.655.39 2.847.399.28 Corp. BCcld Int. 134.082.87 269.971.75 Searties Sold 5,010,034.50 Credit Balance Ira. 64.72 192.52 DaldendsAnterest 1,096,802.98 Rouse Repurchase kit. 77.08 3.591.32 Miscelanecus 205.279.34 Total 51.096.880.06 53,121,154.87 Amain Credited $6,312.116.82 Bond Ruches, Int. 0.00 -30.981.48 -n Securities Bought Miscellaneous -6.270.120.19 -154,490.17 C in Amount Debited Net Cash Activity 5.6 424 610 36 ,112,493.54 Portfolio Composition CasIVCash Eguhralem Reed Income 273.282 24.075.942 Closing Balance 5273 282 28 Total 524.349.224 Your Portfolio Allocation r 8L9OSEOCIN9- ANGS Cash Balance Summary CPEMI Cu)SING 385.775.82 273.282.28 Net Cash Balance 5385.775.82 5273.282.28 042 CaSh b Equiraknt-, 1% — Fad Income 99% U-Nlvd. p&W. Pep. 00)1 WY, (. Vett VW. TWIN vita Thi Ocala. porawao• • brad — Te Ueda, Nolte! %SIM 01 ITO POT* COr4103:10.1 031 V642 --J EFTA01320865 rn IS b.) La b./ --J C) 0 m C rn r 6L9OSEOCIN9- ANGS BEAR STEARNS OFFICE SERVEING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Mason MEOW New 030. New Yak 10179 (212) 272-2000 4 912 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCatits CASH BALANCE TOTAL CASH & CASH EQUIVALENTS $273.282 PWCLCUSP Algafti EsniALID) °ARENT @WM. PM( Via! MNYL ACC.Al sill° r%) 273.282 FIXED INCOME Government & Agency Obligations DESOWTOM MMOUCUSP ACC ME Osman raw./ wow VMSC ACCIAnD KUNST (SWAM AskuAL DICCAE CtibtOil FEDERAL NATIONAL MTG ASS 31392JPR4 MRGN 7.327.513 97.6300 7.153.880 8.153 738.250 10.3198 SERIES 2003-16 CLASS .16 DATED DATE 01106/03 800K ENTRY ONLY DUE 0306/2018 10.0)5% FACTOR - .99061310 FEDERAL HOME LOAN MTG CORP 31393F/43 MRGN 51.599.311 10.3259 5.328.097 114.036 3,157.878 59.2684 SERIFS 2630 CUSS SE DATED DATE 10/11/02 BOOK ENTRY ONLY DUE 02/15/2032 6.120% FACTOR - 05996860 FEDERAL HOME LOAN MTG CORP 31393FG86 MRGN 22.133.676 9.2919 2.058.648 45,719 1.266.046 61.5588 SERFS 2526 CUSS SI DATED DATE 1001/02 BOOK ENTRY ONLY DUE 02/15/2032 5.720% FACTOR • .85998960 FEDERAL HOME LOAN MEG CORP 31392R6U0 MRGN 68.654.407 2.7988 1.921,493 24,794 888.544 35.7297 SERFS 2471 CUSS YT DATED DATE 0607/02 8COK ENTRY ONLY DUE 0315/2032 LOW% FACTOR . .80769890 027 NN*81104E 001 V642 CLEARED isstOusA n *Wive PANED sussestary Bs. Sums Sipmitot Cap. One Mime. ova/ Nee Macy% Nivt Tore 11201.3852 CM 2720003 FINANCIAL TRUST CO INC surrwrxr moo hatch 1.2003 TMCEMI Meech 28.2003 M'CO ofT MAIO TA210701 WISER 00 Fie LAST STATtuarn Forum, 212003 EFTA01320866 rn IS IJ V.) IN —J r‘a 0 -n C rn r 08905£00- O19- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison MONS New York. New York 10179 (212) 272-2000 5 n': PLOW 081083m ITS vasOu One= SUSSCsAlre Pm Sinn Seams, Can Ora Iheredsch e n ftnn Wooler. Nat at 20 .31S9 2123 272.1000 FINANCIAL TRUST CO INC STATE:8MT PEROO PAWN 1.2003 imsCUGH Weal 28. 2003 Your Portfolio Holdings (continued) Government .5 Agency Obligations (continued) ACCOUNT Nubia" TiOnvIll Ma LAST amnion rebury 28.2003 ACCT OCCIALED IS1ItMTtD ORSENT °ESCROWS STIABOUCUSIF SOY 0Sonrc MCI VAMET VALLIE ratREST Mild" MOUE me me FEDERAL HOME LOAN MEG CORR 3139216E2 MRGN 46.903.416 9.3921 4.405.222 96.882 2.682.875 60.9022 SERIES 2483 CL SL DATED DATE 07/02/02 BOOK ENTRY ONLY DUE 03/15/2032 5.720% FACTOR - .81309650 Total Government& Agency Obligations 520.865.338 5287.584 58.531.593 Corporate Bonds ACC: /COMO IMAM) CUTOUT DISCRIPTICH STIdiltoCUSP Oussary MICE MUST YALU( WSW 11•4111. WOW NEM(%) FANME MAE GMO/SERIES 2002-82 31392F573 MRGN 23.523.322 13.6486 3.210.604 11222 1.586.648 49.4190 SKIN FUR DATED DATE 1002/02 BOOK ENTRY ONLY DUE 1025/2031 6745% FACTOR • .94093290 Total CceporateB0exls 53.210.604 513,222 51,586.648 TOTAL FIXEDINCOME 324,075,942 5300,806 510.118,241 YOUR TOTAL ACCRUED INTEREST 5300.806 YOUR TOTAL ESTIMATED ANNUAL INCOME $10.118.241 YOUR PRICED PORTFOL IOHOLDINGS 524.349.224 027 03121101:1054 001 VS42 EFTA01320867 ELI IJ IJ —J 0 0 - z C z rn r T8905£00- 019- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New Yak, New York 10179 (212) 272-2000 6 e Repurchase and Reverse Repurchase Transactions with Bear,Steamsand Co.Inc. outstanding as of date of statement PUOWSE/ RFANEWSE StMI WE WI PROW RATE WOW PAW PAWIPAL WAND REPO WRIST* WNW WE WOUND OW DESCR910. YOU SOLD FEDERAL HOME LOAN MTG COW' (REPO) 02(28/03 05/07/03 1.580 -3.680.000 -5.006 -50000800 31392T132 SERIES 2488 CLASS SO 6.7200 03/15/32 YOU SOLD FNMA-SMBS PRINCIPAL ONLY (REPO) 0 3/1 9'03 04/21/03 1.550 -3032000 -1.566 -5.000.000 3136FAL01 SERIES 322 CLASS PO 03/01/32 TOTAL REVERSE REPURCHASE TRANSACTIONS SO SO TOTAL REPURCHASE TRANSACTIONS 5.6.712.000 54.572 'PO Or Stoll Rao wANCO WOVDPI Meer este $13381001rt env Steers SeCurtlet 500 Coe PAHmecch Lew NW ertatirt Nee Vert 11201.3859 (212) MOW) FINANCIAL TRUST CO INC STATIVENT PM° Wed, 1.2003 1149000.1 Mirth 28.2003 Art 0.rNT MUSA 7.09AVER wAW en Flo utter STAMP? February 282003 Transaction Detail INVESTMENT ACTIVITY SEMDAENT TRJOE DATE 081E TRANSACTION OESCRPIXIN SMEWCUSIP DEWITT PIECE DEPT M IT CREDIT AMCW 03/12/03 JOURNAL FEDERAL HOME LOAN MTG CORP 31393FG86 -2 SERIES 2528 CLASS SI 5.660 DUE 02/15/32 03/17/03 PRINCIPAL FEDERAL HOME LOAN MEG CORP 31392R6U0 -2452.030 SERIES 2471 CLASS YT 1.003 DUE 03/15/32 PRINCIPAL REDUC17403-1543 03(17/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392R6U0 -339 SERIES 2471 PASS YT 1.000 DUE 03/15/32 PRINCIPAL REDUCTN 03-1543 co/ 03/29.03.10.54 CM VMS EFTA01320868 MUM TPRO4,31.1 ITS %.M0u.v 06.0.ED Sun.:war C) -n C rn r Z8905£00- 019- ANGS I8 b.) IJ .9- BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Boar. Steams & Co. Inc. 383 Madison AvenUO New Yot. New York 10179 (212) 272-2000 7 d.2 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SEMEI/Ela MOE aut Dirt TRAPACOOM COMPTON 03/17/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SL 5.720 DUE 03/15/32 PRINCIPAL REDUC17/03-15.03 03/17/03 PRINCIPAL FEOEPAL HOME LOAN MFG CORP SERIES 2483 CL SL 5.720 DUE 03/15/32 PRINCPAL REDUCTN03-1543 03/17/03 PRMC1PAL FEDERAL HOME LOAN MEG CORP SERIES 2530 CLASS SE 6.120 CBE 02/15/32 PRINCIPAL REDUCTI403-15-03 03/17/03 PRINCIPAL FEDERAL NOME LOAN MTG CORP SERIES 2530 CLASS SE 6.120 Cur 02/15/32 PRPIOPAL REDUCTN 03-154)3 03/19/03 03/17/03 BOUGHT FEDERAL NATIONAL MI6 ASSN STRP MTG SERIES 322 CL PO WE 03/01/2032 00.001% 0987135514332 REF Ft 2003031746650000 BS 03/25/03 PRINCIPAL FANNIE WE CMO/SERIES 200242 SIC-10 FUR 6.713 DUE 1005131 PRINCPAL REDUCTN 03-25-03 03/25/03 0325/03 PRINCIPAL FEDERAL NATIONAL MEGASS SEM 21:03-16 CLASS JS 10.000 DUE 03/25/18 PRINCPAL RENON 03.25433 Sea Storrs Secants Cap. One Mercaedi Cater NMS linden Net Tot B201.3559 1212)2/24000 FINANCIAL TRUST CO INC STATUS, POMO 'MO 1.2003 Mirth 28 2803 SYSISOUCWIP 011et4MT FPIf4 ACOXINT MIMES TAXPAYER rolieel1 QB rik LAST STATUDIT Febtery 28, 2003 OM near CREDO AKIN! 3139276E2 3139276E2 31393FAF3 313931.413 51361AL01 313921373 31392JPR4 -2.366.000 •238 -2.422.000 •336 4.042.946 442.336 -69.957 8934375 3.51-0).0.19 PRINCIPAL FEDERAL NATIONAL MEG ASS 313921PR4 69.95792 SERFS 20d3-16 CLASS IS 10.020 DUE 03/25/18 PRINCIPAL PAYMENT 03.25.03 TOTAL S-3.612.120.19 369.957.42 02T 03/2503:10,54 001 WAS EFTA01320869 BEAR STEARNS OFFKE SERVICING YOUR ACCOUNT Beet. Stearns & Co. Inc. 383 Madison Avenue New York New Yak 10179 (212) 272-2000 0 or 12 Transaction Detail (continued) INTEREST 03/03/03 0 03/17/03 0 03/17/03 -n 03/17/03 C rn 03/17/03 03/17/03 r 03/25A3 03/25/03 TOTAL £8905£00- O19- ANGS IJ V.) IN —J OEscesmcar AVG CAL 136.265R1 0.633 021 COTICE MEREST 0203 FEDERAL HOME WAN MG CORP p7AWS YT NT 83-,J43 FEDERAL HOME LOAN AR0 65O SL y 2p vA NT 83??803 FEDERAL HOME LOAN MUG CORP Wit FEDERAL HOME LOAN MI5 CORP iirai t gCniNg03 FEDERAL HOME LOAN MTG CORP RE FANNIE MAE CMO/SERIES 200242 7a3 lalia/INT 83- 103 FEDERAL NATIONAL MTG ASS NsIL`16. Cry= mama( as WROMY OWSED SUIMORRY U. Seats SeCulan CA. Or. Maretch Otte NOM teelart Mai Tat 112014149 Ina Haim FINANCIAL TRUST CO INC 'TATMAN, PEP300 March 1.2033 ThROVON March 28.2003 Wear Pe NUMBER TAXPAYER Nast* LAST 'ATEYO." Fetus" 28. 2003 sneCrueufs WAPITI ItUt a? MOW CaM47 MOM 64.72 31392e6U0 1.0000 49,492/2 31392T6E2 5.7200 232.38832 313927/32 6.7200 237.017.33 313937%3 6.1200 272.811.87 31393F086 5.7200 109.299.12 31392FS73 6.7130 134.082.87 313921PRI 10.0000 61.645.63 57.098.802.98 027 IditiC1:10S4 EFTA01320870 177 8 b.) IJ -n C in z r P8905£00-O19-ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Boar. Steams & Co. Inc. 383 Madison Avenue New York, New 70(k 10179 (214 272-2000 9 a•7 Transaction Detail (continued) CLZAJWO ligROIA)/4 119 'Mart OWNED WAISOI0t1 Bee.. Wears Sea4 S On. DN — Cris NOW. Sway% Nee Vat 11701.MO 0121272.1060 FINANCIAL TRUST CO INC STATEvert PERIOD MMth 1.2003 NAOuCial Myth 78.2003 ACCOUNT RIMER TAY/WM NINON On File REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS UST STATEVEW Febuary 28. 2003 with Bear,Steams& Coinc. SETII/VENT MIX DAIL DOE 14444422/711 CtSCRVIION Sw4(13(.0.1514 03/07403 JOURNAL 1S25DERAI. HOMEWAN MI6 CORP IE 28 CLASS 31393F686 -23.1;711.401 2.9s248 DWI AVOW CRICV IMOUN1 SER 5.660 CUE ozn 5132 FITM F0663184 Al RP OPEN RP0663184A RP OPEN RP0663184A 03/17933 JOURNAL SERFEDERAL NatEsliOAN MIC CORP 31393F688 22.133.676 IES 2536 C 5.72000E 02/15/32 FITM F0663184 A2 RP TERM RP06631841 RP TERM RP066311344. 03/18/03 "NAL Fat ?g773233011 8.625 DUE 12/31/49 2074420692 8889163s 1.150.000.00 03/19/03 JOURNAL STRFIRRVERV M CE MG ASSN 3136FAUTI 4.042.946 3.032.000.00 I A r IL 0.001 DUE 03/01/32 /TIM F0783186 Al RP OPEN RP0783186A RP OPEN RP0783186A 03/20103 11N1RNAL Frraf 773233013 8.625 DUE 12/31/49 2074420692 rima R3233012 8,625 DUE 12131/49 2074420692 8888888 758,000.00 03/20103 JOURNAL 8888888 1.150.000.00 03/20103 INTEREST DUE 16/4 AQP_ 8888888 57.50 9 8 .0 5 FITM-PR F0773213012 2074420692 03/21/03 JOURNAL FITS 773233015 8.625 CUE 12131/49 2074420692 8888888 750.000.00 021 ovneetwei 00I V642 EFTA01320871 In I8 IJ IJ W --.1 --3 0 0 m C in r 58905£00-O19-ANGS BEAR STERNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. New YOUR 10179 (212) 272.2000 10 a '2 Transaction Detail (continued) CLEO= 3141090. ni VOCLIX OWNt.0 Suiscrure few Sun Soaves ea. Caw 1441/014th Cinr Mn t.ce1' Sao York 112014/139 (2121 272.1000 FINANCIAL TRUST CO INC STATINENT Pomo Mwth 1.2003 THROUGH Myth 28.2003 At .WT MA HER 7.100,AVIR WYSS REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) LAST STAMIDIT Fonmry 28.2003 SIT110400 WA Met MR MAUCH:IV DISCRIX4/ SYOOLCL00. COMM OM MOST MIXT 44731241 03/21833 JOURNAL Frlidif ig773233014 8888888 758.000.00 8.625 DUE 12/31/49 2074420692 03/21003 INTEREST /31 DUE 1 ADP 049 8.625 8888888 19.56 FMA-PR F0773233014 2074420892 03/28/03 JOURNAL SE 2471 idEcO C1ASH LOAN MG CORP S YT 31392R6U0 24.230,987 1.000 DUE 03/15/32 FIRALRGN F2893255 M rep TERM RP289325.5A RP TERM RP2893255A 03/28/03 JOURNAL stRaDER 247AL1 MEWAN MTG CORP 31392R8U0 -12.116,483 1.000 DUE 03/15/32 FTDA4RGN F0673200 Al RP OPEN RP0673200A RP OPEN RP06732COA TOTAL 5.2.658,000.00 54.940.077.08 MISCELLANEOUS oar mow 11UMACTI111 oescernaa OMIT MOM CALM NAOMI 03/12)03 JOURNAL FEB 03 SPEC CLEARItiG FEES 400.00 03/14/03 JOURNAL FITM TO MG 112.068.00 03/17103 JOURNAL FIlM TO MG 20,813.00 03/18/03 JOURNAL FEDERAL HOME LOAN MTG CORP 21.211.17 SERIES 2471 CUSS Yr 1.000 DUE 0115/32 PM 1RNFR 027 03/21103210.54 001 vM1 EFTA01320872 IT/ 8 b.) IJ 00 00 0 -n C in z r 98905£00- 019- ANOS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Int. 383 Madison Avenue New Yak. New York 10179 (212) 272-2000 11 o1] Transaction Detail (continued) MISCELLANEOUS (continued) OAT( /Par TIMSACIION otscernow we Wald CRIOrt .../.001/1 03,18/03 JOURNAL FEDERAL HOME LOAN MTG CORP SERIES 2471 MASS VT 1.000 DUE 03/15/32 RECLASS PSI FEDERAL HOME LOAN LOG CORP SERIES 2471 MASS Yr 1.000 OLY 03/10/32 PRI 1RYFR 2 .21 . 03/19103 JOURNAL 21.211.17 03/2003 JOURNAL TOTAL FITG 162.867 00 5.154.490.17 5205.279.34 Trades Executed Pending Settlement SIT/IDIEW TR/OE OAn DATE 1111MSACTIN OlitRIP110N 04/14/03 01/27/03 BOUGHT Vasucum. GLUM ThROU/314 /TS %/Cur Ova/ED 5/111/00.11Y Inc Sits Somata Cab On/ Wrotech Cub MY/ 0/0:0r. taw Yok 11201.1•30 1212) 272.1000 FINANCIAL TRUST CO INC STATEursT repo° Mirth 1.2003 ThiliOucet /A0/(A 28. 2003 ACCOUNT ,.,willE4 T.071/AvER Nut/I3E/R LIST srAinaNT February 26.2003 0/AWIT17 14ers NW St CMCCIT MOM FNMA-30YR(FNMA)G1D 5/096251 10.000.000.00 100.6093 10.060.937.50 SET7.0003 DOE 040112013 05.500% 0987797115332 REF • 2003012746430300 EIS FNMA-30YR(FIMIA)GTD 5/096251 10.000.000.00 100.9375 10.093.750.00 StTf.04103 DUE 04/0113033 05.500% 0987280211332 REF • 2003020446390030 85 FNMA-30YR(FNIAM 5t196251 -20.020,000.00 101.3515 20.270.312.50 SETT.04.003 DUE 0001/2033 05.500% 0987280211332 REF * 2003032446850000 EIS 04/14/03 02/04103 BOUGHT 04/14/03 03/24/03 SOW 027 03/211107:1004 /701 EFTA01320873 0 TZ E I 5 m r MOSEOCIA19- ANGS BEAR SIMMS OFFICE SERVICING WOK ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New Yak. New Yak 10179 (212) 272-2000 12 cr 2 Trades Executed Pending Settlement (continued) SEMEWEKI PUDE OUT OPT( leANSICICH OfSCRIHTGN 05f14/03 03/24/03 BOUGHT SITIORACUSP CJAPREO ITROuGH rIS NT= CaTED Sussopay Bea. Sum Rastas Cap Ore hgareura Craw Wan liroder. Nes TT 11201.1(59 RIZ) 272.1000 FINANCIAL TRUST CO INC RAMBO HEROD Mardi 1.2003 TROUGH March 28.2003 HOPCOR PCONSER TATIMER RARER LAST STATOR/a Feta*" 28.2003 CUMMIY MC( a9n NJOUICI MECO MONT FNMA-30YRIFNLIA1GTO 5N96686 20.000.000.00 1009375 20,187,500.00 SCIT.0903 DUE 0501/2033 08.500% 0987280211332 REF r 2003032446880000 85 TOTAL 540.342.187.50 520.270.31240 Th. alos olds. Of sat moss n as an. umIss N 1, 4 yainn• STOP End of Statement 027 03120)110P4 001 Vta2 EFTA01320874 -n C in r 88905£00- O19- ANGS 8 b.) IJ BEAR STEARNS OFFICE SERVICING Waal ACCOUNT Beer. Steams & Co. Inc. 383 Madoson Avenue New Nth. New York 10179 (212) 272.2000 ACCOUNT OrECUINE GMM GOVT BOND VCR OUR 434855E wormboarsteams.corn What's In This Statement II r Ilrrrlk.I.li 1.1 Financial Summery 3 You Portfolio Holdings 4 Transaction Detail 6 Trades Not Yet Settled 11 FINANCIAL TRUST CO INC Cf0 JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 03802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE Of 5/CURRIES TICS PERCO LONG ACCRUED INTEREST NET CREDR BALANCE 23.198.123 307.301 385.776 NET EQUITY TNI6 PES1OD $23,891.200 NET EQUITY LAST STATEMENT 22.986.053 CHANGE SINCE LIST STATEMENT 905.147 There are no 'Stop Loss* orders or Other pending b or sell open orders on file for your account. Cash & Le /Sent 5355.776 5617 522. $23. 463. 19:301111 Koine fcted El Martini meet utd.Je En Last statemenrs market value CUOMO THROWN In wsCRAT OWL® SUISSOLAItv Sew. Stews Season Coe Ow mimeo Cray NMI &AA" Me Tort II2014,59 ((2121272.1000 FINANCIAL TRUST CO INC sumer(' PEISCO ittniary 1.2003 Titans Fottuay 28.2003 ACCOUNT RAWER TAXPAYER want LAST STAT.:VENT January 31. 2033 Tit Tetra, b aty. II is ra Yarded as am doeuxerc stilatte add be reLiali brut Men% Sol Ado Ia- swan af:nnince 027 0101103.1110 001 00 00 EFTA01320875 Cando r1.cwM ITS OwsiD INOW‘011 is fuses Station Cc. Ore iterouch Ceti /WM bade" Wm Tat 11201.3169 12121 232.1000 FINANCIAL TRUST CO INC 2 ce it rn 8 I..) IJ IN so 0 z ii C in z r 6890SEOCIA19- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 031 0141/03:13:10 OM VS41 EFTA01320876 CalARSD leeteeel lit enemy °weal Ste!CARY to I8 b.) b.) IJ 00 BEAR STEARNS OFFICE SERWING YOuR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue Now York. Now York 10179 1212) 272-2000 Cash Flow Analysis U45 PO N* Income Summary nEmbx, CAA 10001 Opening Balance Securities Sold DMdendsAnterest Miscellaneous $516.74 35,413,423.41 1.065.782.92 169.239.08 Gent. Agency Ira. Cap. Bond Int. Credit Balance Int. Rovers* Repurchase M. 929.766.24 135.888.88 127.80 2,187.59 1.884.743.89 135,888.88 127.80 1514.24 0 Amount Credited 236.648.445.41 Total Bond Purchase Int. 21,067,970.51 -8,333.33 $2,024,274.81 -30.981.48 -n Secuities Bourpt 0Mdendsarcerew Charged 46.253.953.00 -8.333.33 C Miscellanean -900.00 Portfolio Composition rn Amount Debited 2-36.263,186.33 Cash'Cash Equivalent Feed Income 385.776 23.198.123 Net Cash ActMty 385259.08 Total 223.583.899 Closinflalance $385,775.82 r 0690SEOCIN9- ANGS Sew Slew. Sextets Oss. Ore keeelech Caw Ian &wife,. tee vet 11201.3659 illia272.1eon FINANCiAl. TRUST CO INC STATINEerf PESOS reteuary 1.2033 THIROutei Fetnan 28. 2CO3 ACCOura mance T•33,AYIR Nuttere LAST STATrue.47 Tanury 31. 2003 Your Portfolio Allocation Cash Balance Summary WINK CLOSNG CaSh a Equrrelent 1% maren 51574 385,775.82 Net CaShBalanCe $516.74 $385,775.82 1 1 1 1 L fcred recent 1:Q7 OW 03.13 10 001 99% 3<do-a Carole Ce3, Warts rob. C341 'twain N..a TM wears, ponytaila &as, •vn w. Walt NSN vat.... <4 you, pontle Ufa, EFTA01320877 En I8 b.) IJ 00 0 -n C in r T690SEOCIN9- ANGS BEAR STEARNS OFFICE SERVED/6 YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Keiser, /MOM New York. New York 10179 (212) 272-2000 4m1! Your Portfolio Holdings CASH & CASH EQUIVALENTS DISCRPTON CASH BALANCE TOTAL CASH &CASH EQUIVALENTS 5385.776 STWOUCUSO ;AMOR Esra.mo GLOOM COOTIM MCE YNYE MoUAL loCONE TOM 00 385.776 FIXED INCOME Government & Agency Obligations DESOWTO1 SmOCUCUSP hal ME or MCC WARCE1 MUE AOMUED MEREST WOWED Mat RICCI& CUOMO MOM FEDERAL HOME LOAN MEG CORP 313931AF3 MRGN 54.022.147 9.3962 5.076.007 118218 3271742 64.4944 SERIES 2530 CLASS SE DATED DATE 10/11/02 BOOK ENTRY ONLY DUE 02/15/2032 6.060% FACTOR . .90036920 FEDERAL HOME LOAN MTG CORP 31393FG86 MRGN 28172.960 8.5799 1.988.216 47.364 1.311.590 65.9682 SERIES 2526 CUSS Si DATED DATE 10/01/02 BOOK ENTRY ONLY DUE 02e15/2032 5.660% FACTO* . .90036920 FEDERAL HOME LOAN MEG CORP 31392R9U0 MRGN 59,391.262 2.8431 1.688.559 21.448 593.913 35.1728 SERFS 2471 CLASS VT DATED DATE 06/07/02 BOOR ENTRY ONLY DUE 03/15/2032 1.000% FACTOR - .84844660 FEDERAL HOME LOAN MTGCORP 313927652 MRGN 49.269.652 6.5352 4.205.264 103.700 2.788.882 66.3136 SERIES 2483 CL SL DATED DATE 07/02/02 BMW ENTRY ONLY DUE 0115/2032 5.660% FACTOR . .85411650 061 03411/03:13:10 CLEMED THeOuan WHOLLY OHM° SLONOWTY Om. Sion Maims Cap. D. IMMO, Oorm NOUN Eno.M. New Om 11201.3$ 1216 2721000 FINANCIAL TRUST CO INC STAMM., 0.0ra> Tetniery 1.2003 TMOVOH Fettuery 28.2003 ACCOUM PARMA TAXPMEA Witelt On Fie LAST STATMENT !emery 31. 2003 EFTA01320878 0 m cim H r Z6905£00-O1D-ANGS BOAR STURNS arc( SERVICING YOUR ACCOUNT Bear. Stearns & Co Inc. 383 Medson Avenue New York. New York 10179 (212) 272-2000 5 Your Portfolio Holdings (continued) CLEARED THROUGH ITS Y.YOLLY OM AR° SUSVOUJer Bea Sawa Saunas Ca. One Ileetath Cana Noe, IreaRn. Tara Tort 112014859 2121113.1000 FINANCIAL TRUST CO INC ssAssaasa DECD Setruary 1.2003 THROMN Fetruery 292003 ACCOUNT MISER TAXPAYER maael On Fie LAST STATIMOTT January 31. 2003 Government & Agency Obligations (CCettillU0d) DESCRIPTION SHASOL/0.610 Pen rot MAIM PRICE MARKET YALU( ACCRIXO triuATID Me J& WOVE ClaIRENT MILD N FEDERAL NATIONAL MG ASS SERIES 2003-16 CLASS IS INTEREST FROM DATE 02/75/03 DATED DATE 01/76.03 FMST COUPON 03,292003 SOCK ENTRY ONLY OuE 02/25/2033 TOSCO% FACTOR .1,00000000 Total Dovornmont& Agency Obligations 3139LIPR4 MRGN 7,397,500 98.5347 7.289.104 520.247,150 6.164 5293,894 739.750 58 707.657 10.1487 Corporate Bonds MURMUR SaABOLCuSto aCt1 TPF °warm, mmat VALUE ACCILED liatRES1 ISTWAND AMMAR ITTCCAR CAVACO TTi TO Ina FANNIE MAE CMOGERIES 2002-82 5140 FUR DATED DATE 10/02/02 BOOR ENTRY ONLY DUE 10/25/2031 6.713% FACTOR - .95662633 Total Corporate8onds 31392F573 MRGN 23.965.658 12.3133 2.950.973 52.950.973 13,407 $13.407 1.608,815 SI 608 815 54.5181 TOTAL FIXEDINCOME 523.198,123 $307,301 $10,316,472 YOUR TOTAL ACCRUEDINTEREST 5307.301 YOUR TOTAL ESTIMATED ANNUAL INCOME 510316.472 YOUR DRICEDPORTFOU0wOLDINGS 523 583 899 0101003:1110 Cfa veal EFTA01320879 0 -n C in r £6905£00- IN9- ANGS I8 IJ IJ so 00 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Beet. Stearns & Co. Inc. 383 A1ackson Avenue New York. New York 10179 (212) 272-2000 6 ell Repurchase and Reverse Repurchase Transactions with Bear, Steamsa nd CO. I nc. outstanding as of date of statement PURCHISU REPURCHASE ma% PURCHASE MCl/ ACCRUED MAO COMMIT MARI CATE DAR PATE PRINCIPAL POIREST. (FACE AIRYJNO CUSP CESCRIPI1ON =IAD THROHGH EIS vmOLLY OWNED SuSSOWBY !kw Sinn Seca" Can On Wawa Geier Nan Ereolnn, N w An 20 3839 018 2/2.1000 FINANCIAL TRUST CO INC STAMMER MEDD ENTUary 1.2003 85nr.8 rettuair 28.2803 ACODINT HUMBER TAXPAYER M.I.ARR On Ede LAST STATEMENT Ina) 31.2003 YOU SOLD FEDERAL HOME LOAN MTG CORP (REPO) 02/28/03 05/07/03 1.580 -3,680.000 -484 -50.000.000 313927/32 SERIES 2488 CLASS 50 6.660003115/32 TOTAL REVERSE REPURCHASE TRANSACTIONS SO SO TOTAL REPURCHASE TRANSACTIONS 5-3.680.000 5-484 e0 Yawner/ Ore Transaction Detail INVESTMENT ACTIVITY SETTIDAUR TRADE 011E OAR 11LVESACTKM DESCRIPTOR 02/13/03 01/08/03 BOUGHT FNMA-30YRIFNMAIGTD SETT.02/03 DUE 02001/2033 05.50D% 0987797115332 REF IF 2003010854140000 8S 02/13/03 02/04103 CANCEL SELL FNMA-30YR(FNMMGM SETT.02,03 DUE 02101/2033 05,500% 0987280211332 REF Y 2003020446440:00 BS AS OF 02/04/03 TO On. PREVIOUS SELL SINDOL/COMP COMMTI ACE COW *NOWT ClIdDlf MOST 51495744 10.000,000 101.43750 10,143,750.00 5/095744 10,000,000 101.76953 10,776,953.00 CCEI OVOIMISID10 001 EFTA01320880 IT, 4 8 IJ IJ 00 00 0 -n C in r V6905£00- O19- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Boar. Steams 6 Co. Irc. 383 Meier) Aenuo New Yea. New Yak 10179 (212) 272-2000 o Transaction Detail (continued) INVESTMENT ACTIVITY (cominued) SETIMENT MADE OAK Dell TRMISACTne DESCWPTCN GUAM THROUGH ITS .,w,..owe° suaspvx. Drs. Slav% Swages Cap. 5e ihraUch Owen Merin innellne Pen eat 11831.3859 22123 2701000 FINANCIAL TRUST CO INC SUMS Pa= 202t1.11 1.2003 THROUOM February 28.2003 AeCCVNe Nvb/SER TAXPAYER IILMSER en File UST STATIUDIT Arum 31.2003 Sitak4.080 OuNwo Kea Dr., MOM anon igICOP0 02!13103 01/08103 CANCEL BuY F NIVA.30YR(F N MA) GED 51195744 -10.000000 101.43750 0,143. 50.00 SETT.02/03 DUE 02/01/2033 05.500% 0987797115332 REFS 2003010854140000 BS AS OF 01/08,03 10 CXL PREVOUS BUY 02/13/03 02/04/03 SOLD FNMA-30YR(FNMA)GTD 5/65744 40.000000 101.76953 10,176,953.00 SER.02/03 DUE 02/01,2033 05.500% 0987280211332 REF • 2003020446440000 85 02/18/03 PRINOPAL FEDERAL HOME WAN MTG CORP 31392M:410 -1.931,000 SERIES 2471 CLASS YT 1.000 DUE 03/15/32 PRNCVAL REDUCIN 02-15-03 02/18/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 3139296110 398 SERIES 2471 CLASS YT 1.000 DUE 03/15/32 PR1NCPAL REDUCTH 02.15-03 02/18/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392T6E2 4.602000 SERIES 2483 CL St. 5.660 DUE 03/15/32 PRINCPAL REDUCTN 02.15-03 02/18/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392T6E2 -245 SERFS 2483 CL SL 5.660 DUE 03/15/32 PRINCIPAL REDUCER 02-15-03 PRINCIPAL FEDERAL HOME LOAN MEG ooRP 313927/32 4388,000 SERIFS 2488 CLASS SO 6.660 DUE 03/15132 PRINCIPAL RENOIR 02-15-03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 313927/32 -790 SERFS 2488 CLASS SO 8.680 CUE 03711132 PRINCIPAL REOUCTN 02-1S-03 02/18.03 02/1843 027 0110i/03:18-10 COI Wel EFTA01320881 CLENtan ilea-r-34 v...0LLY ant SuSSOWW 0 0 m C in r 56905£00- O19- ANGS I8 IJ V.) 00 00 --3 BEAR STEARNS OFFCE SERVICING ICOR ACCOLITH Sew, Steam & Co. Inc. 383 Madsen Avenue New Yak, New Yak 10179 (212) 272-2000 8 all Sac Sian Saute Cap. One IMesant owes Naem 0100.3 New Tat 11201.11110 012)212.1003 FINANCIAL TRUST CO INC STATP400 PERO° FettUary 1.2003 TM.1O.13fl Fottualy 28. 2003 Transaction Detail (Continued) INVESTMENT ACTIVITY (03minued) untimen num out art MOKS.CTO1 CESCSIIMON 511430LCUSP 103ANUrf PIR ACCOUNT WAWA TAxPAYO1 KAMA LAST STA1TIAOfr CEBU MOM! January 31. 2003 CI000 P./.03010 02/18103 PRINCIPAL FEDERAL NOME LOAN MTG CORP 31393FAF3 -1,991,0Co SERFS 2530 CUSS SE 8.030 DUE 02/15/32 PRINCPAL REDUCIN 02-15-03 02/18/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393FAF3 -819 SERFS 2530 CUSS SE 6.030 DUE02,15/33 PRINC/PAL KOLLIN 02.15-03 02/18/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393FG86 .854,394 SERIES 2526 CUSS SI 5.680 DUE 02/15/32 PRINCPN. REDUCTN 02-1543 02/25/03 PRINCIPAL FANNE MAE Cm0/SERig 2002.82 31392F573 -381,733 S1640 FLTR 6.697 DUE 10/25/31 PRINCPAL REDUCTI1 02-25-03 oravo3 enioazoi &sally FEDERAL NATIONAL MTG ASS 31392SR4 10.000.000 66.312f0 8,631,250.00 eSINFS 2003-16 CLASS JS WE 02/25/2033 10.030% ACCR. M. 8,333.33 0987027414332 REF il, 2003020348050000 83 AS OF 02/03/03 02/28/03 02/27/03 SOW FEDERAL NATIONAL MTG ASS 31392PR4 -1.177,500 98.31250 1,134,079.69 SERIES 2003.16 CUSS 15 co( 02/25/2033 10.00004 ACCR. M. 881.25 0987003019332 REF * 2003022746330000 BS 02/28/03 02/27/03 SOLD FEDERAL NATIONAL /ITC ASS 31392JPR4 -1,425.000 96.31250 1.372.453.13 SERIES 2003-16 CUSS 15 DUE 02/25/2033 10.000% ACCR. M. 1,187.50 0987016110332 REF 0 2003022748320000 BS TOTAL 5.29,960.286.33 522,829,404.57 027 01101403:1110 C01 v141 EFTA01320882 OFFICE SFIevrANG YOUR ACCOUNT Bear. Stearns & Co. Inc. BEAR 383 MaGaon Avenue New York. New York 10179 STEARNS (212) 272-2000 CLEARED 119'000.1 wHOLLY OATAD SuelettAnv Boar. Soon Swain Ole hkatokh Wm Areal" low van 1120/4869 (2121272-100D FINANCIAL TRUST rra Carp. Noe CO INC rebury 1.2003 FOtruary 78.2003 On Fie January 31. 2003 Transaction Detail (continued) INTEREST STATEMENT PFA00 TROIS ACCOURT PAPAW Lunn WISER use snanerwr out ces444-05 SVPASDIJOUSIP MURRY an OR a, MOM MOE ANEW 02)0303 AVG 8.41. 257.7070 0.558 127.80 021 OFFICE INTEREST 0103 02/18/03 FEDERAL HOME LOAN MTG CORP 31392R6U0 1.0000 51.102.22 0 ilISAS Yr WENTS an )-03 02/18/03 FEDERAL HOME LOAN MTG CORP 3139276E2 5.6600 238.673.98 -n INEDM NT 01-15453 02/18/03 FEDERAL HOME LOAN M7G CORP 31392T332 6.6600 243,622.75 C rn 02/18)03 FEDERAL HOME LOAN MTG CORP 313930(3 ifaMiliCkg03 6.0300 281.470.21 02/18/03 FEDERAL HOME LOAN MTG CORP 31393FG86 5.6600 112.728.33 %IC i l 0 l 6T.0 .1_3 r 02/25/03 FANNIE MAE CMCPSERIES 2002-82 31392F573 R10%16 M9103 6.6970 135.888.88 TOTAL 31.063.614.17 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stea ma Co. Inc. r 71 IJ IJ 00 so 00 9690SEOCIA19- ANGS SETIOAD0 18.10E DATE OAT( TRANSAC113.1 DESCAPTICti 02/20/03 JOURNAL ADP OD 8888888 rrna-PR F2393157014 8.625 DUE 12/31/49 2074420692 wetter DM AMU 2.602003.00 GAM AWAINI 027 030103:1110 CO VS41 EFTA01320883 m I8 1,4 1,3 lN 00 0 -n m r L6905£00- O19- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams 6 Co. kle. 383 Madison Avenue New York. Now York 10179 (212) 272.2000 10 m^ Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (conunued) CLEARED '01000Ck. 03 NYQLY 01040 SUBSiCtAire Sc. Stan Soaran 000. 01t PheinteCn en Math 4103tbil. Yt. Yet 11201.3859 (212)2, 24cm FINANCIAL TRUST CO INC STATCUDIT amp? February 1.2003 11.01C0GH Fed-57 28.2003 ACCOu00 MANIM TAAAVVI WISP On Fie LAST trtaTeueit January 31. 2003 lintOADO MUM Oat Dart raurarraCer omen* S0.000CLS, Warm? Cain /MOM CREDIT MOW 02/20t3 JOURNAL m 8888888 2.602.000.00 ar W393157016 8.625 DUE 12/31/49 2074420692 02/2003 JOURNAL 8888888 2.602.000.00 FIT)A9t 95)39315701W 8.625 WE 1241149 2074420692 02/20103 JOURNAL 8888888 3.700.000.00 FiTM-Ag s $ 12)39315701e 8.625 DUE 12)31/49 2074420602 02/20/03 INTEREST ADP D 8888888 1,418.81 CUE 12/3 /2049 8.625 RIM-PR F239315701W 2074420692 02/28(03 fl 'AL SERWI rgi aremmC". 313927/32 -4Z705.82.6 3.680.000.00 6.660 DUE 03/15/32 FRY F0593333 Al RP OPEN RP0593333A RP OPEN RP0593333A 02/28/03 JOURNAL 6888888 3.700.000.00 MX 157014 93 8.625 DUE 12/31/49 2074420692 02/28/03 INTEREST 8888868 788.78 DUEle3V2049 8,625 FITM-PR F2393157018 2074420692 TOTAL 5.6.302.000.00 512886.187.59 02? C*0103:13 10 0)1 %41 EFTA01320884 BEAR STEARNS OFFICE SERVCAIG YOUR ACCOUNT Sew, Steams & Co. Inc. 383 Iteseason Avenue New York. New York 10179 1212) 272-2000 11 •I Transaction Detail (continued) MISCELLANEOUS DAN 10000 tRAPISACOON CCSCRIK04 caw MAWR Of DU AVOW 02/13/03 JOURNAL JAN 03 tt EAR1NG FEES 900.00 02/13/03 JOURNAL FNMA-30YRIFNIAA)GTE) 33,203.13 SETT.02/03 5.503 WE 02/0103 143S NET 02/13103 02/19103 JOURNAL FEDERAL HOME LOAN MEG CORP 21,900.95 SERIES 2471 CLASS YT -n 1.000 DIE 03/15/32 PM TRANSFER 02/21103 JOURNAL FITG TO FITM 114,135.00 C in z TOTAL 5.900.00 5169.239.08 Trades Executed Pending Settlement r 8690SEOCIN9- ANGS 8 b.) IJ SE11113100 IMO( 0.411 DAM TRANSACIIC1a DESC01111:111 04/14/03 01127103 BOUGHT SvaraltuCuS• 0./.01C0 13130M 1 rrs IN140.LY 00/410 3V0SICURY —. Anne Sean*. Coy. Oro Mumma Unfit Nan Bro3thn. IA 11:4 112014319 12123 2701000 FINANCIAL TRUST CO INC ITATOMENT PEA300 litruery 1.2003 THRC433H Fetruvry 28.2003 M201.110 Matiat Ton" N.AW UST stamen lanUary 31. 2003 013.0010 MCE 0E011/14100 1311010 MONT FIOAA-30YR(FNMA) GTO 51496251 10,000,000.00 100.6093 10,060,937.50 SETT.0003 CUE 04/131/2033 05.500% 0967797115332 REF • 2003012746430030 EIS 04114103 02/04/03 BOUGHT FNIAA-30YR(FNMA)GTO SN(16251 10.000.000.00 100.9375 10.093.750.00 SETI.04/03 DUE 04101/2033 05.500% 0987280211332 REF a 2003020448390000 OS TOTAL 520.154,6137 , 50.00 The Om inks *rot motor nay ay. Haan «n 01110.11el. 027 030003:11•10 001 8 EFTA01320885 I 6ECZZOOV1.43 0 z ii m z r _ 66905£00 IND ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Steams & Co. Inc. 3B3 Mason Menu. New Yak. New York 10179 (212) 272-2000 CLEM= roacwat WHOLLY 0Mti2 SuBSIDARY Beir.SImmi Semites Ca,. Ore lhotellich en Now Bievlopt Now Vat 11201.3$1.9 1212) 2/24030 FINANCIAL TRUST CO INC ACCOUNT EXECUINE GNMA GOVT BONO 474nsuar Ftiv240 January 1,2003 NSIT CUR %EMIT( wAvtbetosteams.corn 11PIOJOH January 31, 2003 What's In This Statement IIIrIIIrIIII.IIII III ACCILINT WNW T AY WADER On Ile Financial Summary 3 FINANCIAL TRUST CO INC UST STATDMIT Decent& 31.2002 You' Portfolio Holdings 4 GO JEFFREY EPSTEIN Transaction Detail 6 6100 RED HOOK QUARTER STE 83 Trades Not Yet Settled 11 ST THOMAS VI 00802 Your Portfolio at a Glance TOTAL VALUE CV SECURMES MIS PERMO 22.463.638 LONG ACCRUED MTERESI 521.898 Cast. L Eat/Jahn: .1 Ned Market Value of Your Portfolio 114.520 522 463.638 NET CREDIT ammo 517 Inctent 113,715,716 EN Current motet yoke NET NUM MS PERIOD 122,986.053 EN Last staternenrs market wipe NET ECIURY LIST STATEMENT 14,249,549 CHANGE SINCE LAST STATEMENT 8.736,503 There are no -Stop Loss' orders or other pending buy or sell open orders on Ale for your account. ma tunrily w nr reeworicaritormars Orty. t M nu ex inn tints loznet. Inv tortoni 1634.14 he Inane M tau. recent Set rime.< tie tr Ircolast oftetvalca 027 02,01,03 IS 12 CO, 'tao EFTA01320886 C&E*flO TtOn MS vOiOus OVOOD SUSSIDOse Ow. Suns Cowan Cap. Oro Meal. Coos Nfl WS Nor Yak 1120I.SGS9 ZTOICOO FINANCIAL TRUST CO INC z m cim z H r OOLOSE00- 019- ANGS 8 10 IJ IJ STATEMENT BACKER IS PRINTED ON THIS PAGE OW1/03:11a2 COI CPO EFTA01320887 BEAR STURNS WEE SaviCNG YOUR ACCOUNT Bear. Stearns .6 Co. Inc. 383 liaison Avenue New York. New Tot 10179 (212) 272-2000 320•.t Cash Flow Analysis MIS PU000 Income Summary ng OCINGO YEAR TO DATE Opening Ba lance 624.520.47 GEM. Agency Int. 954.977.65 954.977.65 Reverse Repurchase Int. 1.326.65 1.326.65 Securities Sold 25.988.373.53 DkiiendsInterest 954.977.65 Total 5956 304.30 5958 304.30 Miscellaneous 14.376.739.01 Bond Ptrthaso -22,648.15 -22,648.15 Amount Credited 541.320.090,19 m Securities BOLI9N Funds Ynthdrawn -26.965.207.77 466.738.00 Portfolio Composition CasCash Lou:milers 517 C rn OrndendsAnterest Charged Miscellaneous -22.648.15 -14.989.500.00 Fixed hcome Total 22.463.638 522.464.155 Amount Debited 5.41.344.093.92 Not Cash Acthily -24.003.73 Closing8elance $516.74 r TOLOSE00- 019- ANGS Cash Balance Summary coons Mug rt 0.03ING 24.520.47 516.74 Net Cash Balance 524.520.47 5516.74 CLEARED THROWN as VATCELY OmmED SuSSOmaT lest. SUNS SENN** en On limmittli Omar from PEES New Vat 112013/50 I212) 272.1000 FINANCIAL TRUST CO INC raw PE winuely 1.2003 THROWN hammy 31. 2003 AODOUNT NEWS TAY/MM M.W On File LAST STATEMENT OCCentar 31.2002 Your Portfolio Allocation Fled Income— loos U,••••0•J Mire d•rat• era' We °. rot( NO,. nw .11.4 plearraga • Cirvilf Inn PPI aet44 Mite: .Sa a /QV toNalo 027 020101 lin 001 V6'0 EFTA01320888 0 -n C in r ZOLOSE00- 019- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 MadNevi Avenue New Ycck New 02/14 10179 (212) 272-2000 4 a •t Your Portfolio Holdings CASH 8 CASH EQUIVALENTS IMNEI ESTMOID CUARIMI OESCRPMP 511Ma.C1-31/ OtINMIT MCE YAW( Mita MOLE MD 00 CASH BALANCE 517 TOTAL CASH & CASH EQUIVALENTS 5517 FIXED INCOME Government & Agency Obligations DESOSIION snrecocuse ACCT MF OUNITIM MCa lOARICET YAWL ACCRUED IWITREST I311.4010) AIMILLOLOCOAC CURRENT Yato (1 FEDERAL NOME LOAN &ITC CORP 31393013 MRGN 56.013.966 10.0663 5.638,552 150,120 3.377.642 59.9026 SERIES 2530 CLASS SE DATED DATE 10/11/02 BOOK ENTRY ONLY DUE 021192032 6.030% FACTOR • .93356610 FEDERAL HOME LOAN IATG CORP 313931086 MRGN 24,027.354 9.1396 2.196.011 60,122 1,352,740 61.5999 SERIES 2526 CUSS SI DATED DATE 1001/02 BOOK ENTRY ONLY DUE 02/15/2032 5.630% FACTOR - .93356610 FEDERAL HOME LOAN MTG CORP 31392R6U0 MRGN 61.322.660 2.7360 1,677,757 27.251 613.227 36.5504 SERIES 2471 CLASS VT DATED DATE 06.07/02 BOOK ENTRY ONLY DUE 03/15/2032 1.000% FACTOR • .87603800 FEDERAL HOME LOAN MTG COPP 313927/32 MRGN 44.094.615 11.6523 5.138016 129.935 2.923,473 58.8989 SERIES 2488 CLASS SO DATED DATE 07/08/02 BOOK ENTRY ONLY D£ 03/152032 6.830% FACTOR - .88189230 021 0241,03:1$12 CO1 Yaq CUOMO THROUGH ITS WHOLLY OvetED SueSOME Mr. Pan Samin Cap. One Marotta — Math Mart Am Yin 11201.3069 (2123212.1 FINANCIAL TRUST CO INC STATEI/EAT Pomo Tansy 1, 2003 TAAMM Tansy 31.2003 ACCOUTT YUMA TAXPAYER PAMPA CM Flle LAM STATTIMET [Weals 31.2002 EFTA01320889 0 TZ E I C in r EOLOSE00-019-ANGS I8 IJ IJ BEAR STBIRNS OFFICE SERVICING YOUR ACCOuNT Beer. Steams & Co. Inc. 383 Madison Avenue Now York. New York 10179 (212) 272-2000 5. ✓11 CLEAJtE0 Thre/i.c. rrs rmOu. Oxon Sues/WRY Bear. Sinn Smite Co. One Ihnorech Cain Win Buda" Pew Itrt 11201.3SSO 1212) 272.1000 FINANCULL TRUST CO INC STAITAert new Jimmy 1.2003 IMSOUON January 31.2003 Your Portfolio Holdings (continued) Government 8 Agency Obligations (COrtSTA4) AOCOuler MAW rywAYEffil MAW Mom LAST STAMifia Clemyter 31.2002 ACC ACCRUED ESISAUE0 CURRENT CtSCRIPI13,4 SIMICVCI.S10 Int (LIXISTV ERCE WR%L1 VALUE 00£SIESI SAM Stasi. YEW et/ FEDERAL HOME LOAN MTG CORP 3139216E2 IARGN 50.871.897 9.1370 4,648.141 127,293 2.884.088 61.6179 SERIES 2483 CL SL DATED DATE 07/D2/02 BOCK ENTRY ONLY DUE 03/152032 5.630% FACTOR - 98189230 Total Government& Agency Obligations 619.298.477 $494.721 611,131.170 Corporate Bonds ACCT AIMED COMM OW DESCItelION SIIMOL/CUSIP NOE OlVilere PRICE WARM Vat WOW MOM INC0M VOA (%I FANARE MAE CMOGERIES 200242 31392F573 MRGN 24.347,391 13.0000 3,165,161 27,177 1.630.545 51.5154 5K-SO FUR DATED DATE 1092/02 BOOK ENTRY ONLY DUE 10!252031 6.697% FACTOR - .97389566 Total Cceporate0onds $3,165,161 627.177 61.630.545 TOTAL FIXED INCOME 622.463.638 5521,898 612.761.715 YOUR TOTAL ACCRUED INTEREST $521,898 YOUR TOTAL ESTIMATED ANNUAL INCOME $12.761.715 YOUR PRiCEOPORTFOLIOHOLOINGS 522.464.155 02/ 02.01103:161 EFTA01320890 -n C rn r VOLOSEOCIN9- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 5 Co. Inc. 383 Madison Arenue New Yea. New York 10179 (212) 272-2000 v./ Transaction Detail INVESTMENT ACTIVITY SITTUTRINT TRAM OAR OAR IPANSACO011 0114103 12/04/02 BOUGHT 01114/03 01/08103 CANCEL SEU 01114k3 12/0482 &NUL BUY 01/14/03 01108/03 SOLO 01/16/03 PRINCIPAL 01/16/03 PRINCIPAL 01/15/03 PRINCIPAL CLEA10 04.24.0.1 Mat 06041) SUSSENARY Bow. Stuns Sworn Cap. Metersch Cwt. Nall, STCONOrk Wm TVA 11201.3855 12121272.1C00 FINANCIAL TRUST CO INC CESCEPTIN SVPASOLO.WP Gummy Ma STATEMENT PECK° TTIROUOM ACCOLNT AMA TATWA M YER NUMBER vet STATEMENT OEM MOUNT FNMA.30yR(EN/AA) GTO 5N95387 10.000.000 100.09375 10.009.375.00 SE17.01/03 DUE 01/002033 05.500% 0987135514332 REF • 2002120445060003 BS FN .30YR(FMAA)6TO 51195367 10.000.000 101.88672 10.188.671.88 SETT.01 /03 DUE 01/01/2033 05.500% 0987797115332 REF • 2003010854180000 BS AS OF 01/06103 TO CXL PREVIOUS SELL FNMA-30YRENME3GTD 5N95367 -10.000.000 100.09375 SETT.01/03 CUE 01/01/2033 05.500% 0987135514332 REF e 2002120146060000 B$ AS OF 12/04/02 TO CAL PREVIOUS BUY FNMA-30YRIFNMATGID 5N95367 -10.003.020 101.88672 SETT.01/03 DUE 01/01/2033 05.600% 0987797115332 REF • 2003010654180000 B$ FEDERAL HOME LOAN MTG CORP 31392R6U0 -2.344.000 SERFS 2471 CUSS NT LOCO DUE 03/15132 PRINCIPAL REDUCIN 01.15-03 FEDERAL HOME LOAN MTG CORP 31392R6U0 -468 SIRES 2411 CLASS YT 1.000 CUE 03/16/32 PRINCIPAL REDEEM 01.16-03 FEDERAL HOME LOAN MTG CORP 313927242 -1,944.000 SERES 2483 U. SL 5.500 DUE 03/15/32 PRINCIPAL RECUCTN 01-15-03 lamely 1, 2003 Janary 31.2003 t i t December 31.2002 CREDIT AWAIT 10.009.375.00 10,1 .671.88 027 tin/OBTS:ie COI 244o EFTA01320891 Tn I8 IJ 1,2 --A C)0 -n C rn r SOLOSE00- 019- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams .5 Co. Inc. 383 Madison Avenue New Yak. New York 10179 (212) 272-2000 7 0 n Transaction Detail (continued) INVESTMENT ACTIVITY (ccetruedi CLEARED 1101OuGm ITS whOLLY OWNED SULLOWIY lbw. Slums Swots Cup. MeintecA CrEtt 804000 Am Yon 112010859 012)2724CW FINANCIAL TRUST CO INC StAnlin011 Pm= tan.oni 1.2003 170100014 Array 31. 2003 ACCOUNT 14.114001 TAVAYER MANNA On Fit EAST STATIIAENT December 31. 2002 amnion MOE DATE DATE MAIISA0411 CASCAPTC41 P1401./0012 Oaantry ME DM MOWN, CR021 AMOUR 011 5/03 PREICIPAL FEDERAL NOME LOAN MTG CORP 31392T6E2 -917 SERIES 2483 Cl St 5.580 DUE 03/15/32 PRINCPµ REDUCTN 01-15-03 01/15/03 PRINCIPµ FEDERµ HOME LOAN MEG CORP 313927/32 -1,68S.000 SERFS 2488 CUSS SO 6.580 DUE 03/15/32 PRNCPµ REDUCTN 01-15-03 01/15.03 PRINCIPµ FEDERAL HOME LOAN MTG CORP 313927/32 -810 SERFS 2488 CLASS SO 6.580 DUE 03/15/32 PRNCPµ REDUCTN 01.15-03 01/15/03 PRINCIPµ FEDERµ NOME LOAN MI6COPP 3139 1113 -2.068,000 SERIES 2530 CLASS SE 5.980 DUE 02/15/32 PRINCPµ REDUCTN 01-15-03 01/15/03 PRINaPµ FEDERµ HOME LOAN MTttt4S 31393F/153 -44 SERIES 2530 CLASS SE 5.960 DUE 02/15/32 PRNCPµ REDUCTN 01.15.03 01/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393F666 -887.093 SERIES 2526 CLASS SI 5.580 DUE 02/15/32 PRNCIPµ REDUCTN 01.15-03 01/30/03 01/27/03 BOUGHT FANNIE WS CMAYSERIES 2CO2-82 31392F573 24,347.391 13.00000 3,165,160.89 59-9.7 FLTR ACCR. M. 22,648.15 WE 10252031 06.697% 0987022118332 REF • 2003012746020000 85 AS OF 01/27/03 TOTAL 5-23.385.855.92 520.198.046.88 027 02:0103.1512 001 EFTA01320892 -n C rn r 90LOSEOCIN9- ANGS IS b.) 00 00 IJ BEAR STEARNS OFFICE SERVICSC YOUR ACCOUNT Bete. Stearns & Co. Inc. 383 Matson Avenue New York. New York 10179 (212) 272-2000 B re n Transaction Detail (Continued) DEPOSITS AND WITHDRAWALS 000 TRAWC101 DESCR070h O( MIXER 01/02/03 END WIRED rstiaavasydRED TO 84.85400 AC2387601021 C#183139 01/02103 FND WIRED M 90 NATIONAL /0135328ENDSYARED BANK TO F CRUM MOM 002387604020 00183141 281.884.00 TOTAL S-366.738.00 INTEREST CIEMICD TH•COGH WroCcav 00.40 6101106M Bev Sun Sean*. Cop. One Manna Collo Not 003.00 Ra. Volt 112014$50 01212721000 F1NANCiAL TRUST CO INC STATEIMIT PERCO Newry 1.2003 Tia0t1004 31.2033 ACC -tot HAMER TAWAYER NUOMER On Fie LAST STA7VACcr Decernke. 31.2002 a M CtSCR•1176. snowman. WC 04 Can mama MO masa 01/15/03 FEDERAL HOME LOAN MTG CORP 31392RE410 1.0000 58055.94 Oncyr.S$ YT OW 4WAMANT 014 803 60X 01/15/03 FEDERAL HOME LOAN MTG COPP 31392TBE2 5.5800 245.598.18 I NtETSiT osin'43 01/1SASS tE0ERAL HOME LOAN MTG CO lakY132 6.5865 251.029.33 WA% 01/15/03 FEDERAL HOME LOAN MTG CORP 31393FAF3 5.9800 289.442.02 I NCITAT03 01/15/03 FEDERAL HOME LOAN MTG CORP 31393FG88 5.5800 118852.18 4' 4' W ok -W-03 TOTAL 5954.977.65 027 0201031511 001 v640 EFTA01320893 =ARCO THRCOOPI WICLLY (,Nate SIAISIOCARY -n C rn r LOLOSE00-019-ANGS 8 IJ BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. New York 10179 (212) 272.2000 9 //,, Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASETRANSACTIONS with Bear,Steams& Co.Inc. St-TRACY? TRYTIC an an OtAxSACIION 000641106 StIMOUCUSP MYRA Cal /ACM CRUM MOST 01/30/03 01/30103 01/30633 JOURNAL JOURNAL INTEREST la ii )3931570P1 8.625 DUE 12031/49 2074420692 ra 5939315701U 8.625 DUE 12/31/49 2074420692 DUE ADP 1V31 /2049 8.625 OD F1DA-PIZ r239315701U 2074420692 8888888 8888888 8888888 2.602.000.00 5.789.003.00 1.326.65 TOTAL 5-2.602.000.00 55.790.326.65 MISCELLANEOUS But Sayan Socteen Cap. 14•IrRich UAW MAI °Toothy( RA Art 111114459 <2111 372.th0) FINANCIAL TRUST CO INC StA/114)/7 PER KO /nay 1.2003 mitax.o, worry 31. 2003 ACC T NUWIER TAXPAYER MAWR On 1/e us' STA711/EWT Decerter 31.2002 OAR MDCAY TRANSACTOR 01/02/03 RECENEO OESCRPIIN ADP CO OM 12/31/2049 8.625 8.625 DUE 12/31/49 FITIA.PR F2393157011 2074420692 ADP CO DUE 12/31(2049 8,625 8.625 DUE 12/31/49 FITI629 F2393157016 2074420692 ADP CO DUE 12/31/2049 8.625 8.625 DUE 1241149 FITIA.Pil F2393157018 2074420692 FITG FO EOM 0.16 AMOUNT otf co MOW 4.000.000.00 01/02/03 DELIVERED 01/02/03 DELIVERED 1,913.94 4.557.000.00 01106/03 Jduittim. 027 0201003:1612 aol 6440 EFTA01320894 0 -n C rn r SOLOSE00-019-ANGS I8 IJ IJ BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. New York 10179 (212) 272-2000 10 or Transaction Detail (continued) MISCELLANEOUS (continued) err VONT TRANSACT/011 OESCAWrO4 01114/03 JOURNAL FNmA3OTR(FNMA) GTO SC/01A3 5.500 OUE 01/01/33 MS NET 01/14/03 01/15/03 JOURNAL 01/16/03 JOURNAL MDR 1A101241 179.296.88 OEC 02CLEARING FEES 500.00 FEDERAL HOME LOAN MT6 CORP SERES 2471 MISS TT 1,000 DUE 03/15/32 Pm TRNFR PREM MO 1/16 600.000,00 22.738 26 01/17/03 JOURNAL 01717/03 JOURNAL PitEM INT NO 1/16 01721/03 RECEIVED 1,441.11 ADP CO DUE 12/31/2049 8.625 8.625 DUE 12/31/49 F239315701R 2074420692 ADP CD DUE 12/31/2049 8,826 8.625 DUE 12/31/49 FIIM-PR F2393157017 2074420692 ADP CO DUE 12/31/2049 8.625 8.623 DUE 12/31/49 FIDA.FR F2393157010 2074420692 ADP CD DUE 12/312049 8.625 8.625 DUE 12)31/49 FrIM.FR F2393157010 2074420692 ADP CO WE 12/31/2049 8.625 8.625 DUE 12/31/49 FTMA-FR F2393157015 2074420692 4.600.000.00 01/21/03 RECEIVED 5.789.000.00 01/21/03 DELIVERED 559.67 01/21/03 OELNERED 01121/03 DELIVERED 4.800.000.00 4.600.000.00 =ARCO TAMAN ITS WoOLLY CALICO auBSOMY Mw. Sterns Sou.lin Carp. Ors Sterotern Co., Math beady. Mar at 20 3119 12121 2121000 FINANOAL TRUST CO INC Sr...MANY AEA CO January 1.2003 THIVJOSI January 31. 2003 re-Cana MAWS TwAYS. rAANSEA On Sie LAST SUYDAM' MUMS& 31. 2002 027 0001030 1r12 091 V.40 EFTA01320895 lOPIZZOOVJA3 0 z ii C in z r _ 60LOS£00 INS ANGS BEAR STEARNS OFFICE SEAMCING YOUR ACCOUNT Bear. Stems & Co. Mc. 383 Madison Avenue New Rork. New Yak 10179 (212) 272.2000 11 an Transaction Detail (continued) MISCELLANEOUS (conW.ie DATE IANDAT rbscitie OCICAITIST. 01/22)03 JOURNAL TOTAL 0(80 Anna CISCO •ATOUT.1 FITG TO FIN 413.789.00 1-14.989.500.00 514.376.739.01 Trades Executed Pending Settlement SETTLISIDS TOM UTE 0ATT MAIRACTOT DESCRIPTON 02/13/03 01/08)03 BOUGHT swecucussr CLEWS 'MOUS.. in Vnitsv ONTS20 SUMMARY See. Senn Secant Cep On Motets Cann Man Oroins New nit 11201.1859 0121 272.1CCO FINANCIAL TRUST CO INC STATEMENT PU000 Jailers 1. 2003 TH*Oni Arum 31. 2003 known MAW Tan* KAMM M ilW i LAST rrATeuen Deanne 31.2002 OLIAMITY NOCE One Awcua =ST MOOS FNMA.30YR(FNMA) GTO 51195744 10,000,000.00 101.4375 10,113,750.00 SETT.02/03 DUE 0261/2033 05.500% 0987797115332 REF # 2003010854140000 85 FNMA.30YR(TNIANGTD 51196251 10.000.000.00 100.6093 10,060,937.50 SETT.04/03 DUE 0440112033 06.500% 0987797115332 REF # 2003012748430000 BS 04/14/03 01/27/03 BOUGHT TOTAL 320.204.687.50 30.00 The eben Wan Co Pot was Tr- Naar el Wa steno. End of Statemen 027 02/01/01151? 021 VS40 EFTA01320896