EFTA Document EFTA01324702

Statements CONFIDENTIAL SDNY_GM_00356041 EFTA_00228733 EFTA01324702 at to TIMM ITS VrtiCLLY OMED SUB:HOMY 0 -n C rn r ZPOSSEOCIN9- ANGS BEAR STEARNS TWICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. New York 10179 Bow. buns Small= Cap. One Moth <Mr Mal BrtoM Ns YM 112014159 JEFFREY EPSTEIN INVESTMENT PROT ssiONAL ZICHERINUTTRA TRUMP* VISIT OUR MVO, wyntbearsteems Tom What's In This Statement Financial Sumner), 3 lilt:111111111bn OOOOO JEFFREYEPSTEIN STASH/ENT mew THROJOBI ACCOM HAMM SAMMIE laMOCR CAST STATCHENT June 30.2007 Aty 31.2007 On rat nee n.2007 Your Portfolio Holdings 4 C/0 FINANCIAL TRUST COMPANY Transaction Dotal 6 ATTN JEANNE BRENAN Fund Activity 6 6100 RED HOOK QUATER 8-3 Your Messages 7 ST THOMAS VI 00802-1348 Your Portfolio at a Glance TOTAL Valli DE SECURITIES THIS PERIOO 4.223.821 Market Value of Your Portfolio coso a youvaie," Hill $516.440 5507.116 MONEY MARKET FUND MANCE 516.440 EMSes $4.220.821 54.376.261 NET EQUITY TIC PERIOD $4,740,261 MI Current 'Toney value NET (OUR? LAST STATEMENT 4.883.437 Lao stawronts mane vatic. CHANGE SINCE LAST STATEMENT -143,176 There are no 'Stop Loss' orders or other pencSlg buy or sell open orders on file for your account. veu ,Fu /s, Mww a rmwtWt te Owls cr •74.• Fraft4 an Ceiverel • CMr $.M4 • 1:10434-1421: amt. b CHM Sam of S U'N.:grow Om. One MGM Cal.. Weft Bra:M. NY. 1 tICIMS1 027 Ibis summary is Ice informational purpcoes oNy. It is not intended as a tax document. OHS Statement snould be retailed fa your records. See rovers' side lot important information. -YOI.O .o1,19 col vois EFTA01324703 CLEARED T910YM rs Ve1•O-LY MI® Suetacturi Fem. Reams Sicurbos Cop. 04 IITOsch Cs Kass mod Yol 11201.31,59 JEFFREY EPSTEIN SELSZZOO- V1.43 (-) 0 -n z cim z H r £17095£00 IND ANDS STATEMENT BACKER IS PRINTED ON THIS PAGE 027 C601/07,07:12 001 9015 EFTA01324704 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Sew. Steams a Co. Inc. 383 Madison Avenue New Y New York 10179 Cash Flow Analysis MS MOD Income Summary ms WARM OAR Opening Balance 30.00 DMdends 9.264.16 93.029.39 Money Fund 2.117.28 Total 59.264.16 $93.029.39 DivelendsAnterest 7,146.88 0 amount Credited $9.264.16 Portfolio Composition z m Money Fund Amount Debited -9.264.16 3-9.264.16 Cat-II:Cash EqLria*nt Equates 516.440 4.223.821 cim z H Closing Balance $0.00 Total $4,740.261 r 417095£00- O19- ANGS I8 00 027 C40107:07:19 COI 10Ie CLF.ARED 1141101-CH ITS WAgµY OWED SUSSMAN"( but Stun Seam Cap Ore lierneeelt Corea Munn a 11231.3353 JEFFREY EPSTEIN sTATENENT PERIOD JUne 30. 2007 TWCOVOM lut7 31.2007 .ecant POWER 73-XuAnte TAN0.07 On fee LAST STATEMENT lune 29.2007 Your Portfolio Allocation CashaEcHreakix 10% Eason 90% Lunt ...a paters *ran -u tateee 7, 41b- MW mean vital 1.• WV.% comeel•Q• a 41.s1 eta De ateoue mania "Oa of nu. prfek. EFTA01324705 WAS° MOONS ITS wyesuy cmivE0 SUOSIYARy LEL8ZZOO- V1.43 0 -n C in r _ SPO9SE00 INS ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams a Co. Inc. 383 Atacbson Avant.. N Y York 10179 40•r Your Portfolio Holdings CASH EL CASH EQUIVALENTS OESCASP104 DREYFUS CASH MANAGEMENT-CL A OICMI 516,440.44 1.0000 510440 INSTRUDONAL SNARES EST. 30 DAY AVG NEED 5,2100% TOTAL CASH & CASH EQUIVALENTS 5516.440 STIESOUCUS• waft CAMS? PROM ,LIE EQUMES Des. Swans SANAS Cap b'ekaowc Caner NOM SANAn. Ss at '20 .3.0) JEFFREY EPSTEIN STATUS? S.R00 1ft 30.2001 TOWS My 31. 2001 ACCOLMT PUSS TASAYSIT NAWOUt Ott FIN LAST STATFASS Aft 29.2007 Equities & Options The research ratings for Bear Steams (BSC) are shcrarn for certain secuities covered by the BSC Equity Research Department. The fist rating represents the stock's total rerun relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 - Outperform; P = Peer Perform: U = Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight: MU - Market underweight. In cases where the BSC rating Is present, the name of an independent. third-party research provider and their rating may also be displayed, where such research is available. The various providers use different ratings systems and have normalized them as follows: B - Buy; H Hold: S = Sell (this may not always correspond directly to the undertying rating system used by each provider or BSC). The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal, or investment advice. Bear Steams is neither soliciting any action based on such information. nor endorsing any recommendation or opinion expressed by any independent. third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent, thedparty research on certain companies covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at ommaeasteamsoxo or can call (BOO) 517.2327 to request that a copy of this research be sent to them. oncost, macerates, ACCT nee wan KU ANSI, MIMEO vaLE Man NOME RIMMED MO fa FELCOR LODGING TRUST INC FbI CASH 2.003 21.9600 43.920 2,400 5.4645 GUMCHER REALTY TRUST.S8I GRT CASH 2,000 21.2600 42,520 3.846 9.0452 HRPT PROPERTIES TR-581 HRP CASH 10.000 9.3500 93,500 8,400 8.9840 HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 38.3600 76.720 6.080 7.9249 Sal 027 00101107:07:19 001 VON EFTA01324706 SEL8ZZOO-V.L.43 0 -n C in z J r _ 94095£00 N19 ANUS BEAR STEARNS OFFICE SERNONG YOUR ACCOUNT Bear. Stearns & Co. Ine. 383 Madison Avenue 10179 CLEARED 7140017004 ITS WoMLY cmt7C0 CAJORCMAY Imo Mains Somilt5 0717 Cv Monoon Cow RCM ort 112014559 JEFFREY EPSTEIN WOMMIC PROMO n711000,1 AM 30.2007 .k 31.2007 501. Your Portfolio Holdings (continued) ACCOUNT RYMER a TAMSOIR RUROM On FM &wain (5 Options (continued) LMT STATEMENT Are 29.2007 ACC7 MRIET MINIM CSUMMED orscesinew SNAMUCLeart TYPE Outunnv Mt VALUE AXIOM. INCOME TE10 (Up JOHNSON& JOHNSON .110 CASH 57.800 60.6000 3.496.900 95.948 2.7438 BSC RATING 5TOCX P/SECTOR MW MED DANK RESEARCH RUM: li KIMCO REALTY CORP KIM CASH 98 37.3300 3.658 157 4.2920 ELSC RATI14: STOCK 0/SECTOR PM' GREEN STRUT AOVLSORS. INC. RATP/G: H WTS LUCENT TECHNOLOGIES NC WIHW CASH 235 0.0700 16 DP 12/10/2007 NAYARIT GOW INC MINE CASH 19 0.7990 15 PENNSYLVANIA REAL ESTATE PO CASH 1,794 38.9400 69.858 4.090 5.8547 IMIESTMENT TRUSUBI RAMCO GERSHENSON PROPERTIES APT CASH 12,000 32.2000 386.400 22.200 5.7453 TRUST-MD Sal SIRIUS SATIWIE RADIO NC SRI CASH 1,000 3.0100 3,010 BSC RATING: STOCK 0/SECTOR MW ATLANTIS RESEARCH RAMC: TRAVELCENTERS OF AMERICA LLC TA CASH 200 36.5200 7.304 Total EquitieS& Options 54.223.821 5143.121 TOTAL EQUITIES $4.223.821 5143.121 YOUR PORTFOL IOHOLDINGSESTIMATED ANNUAL INCOME 5143.121 YOUR PRICEDPORTEOLIOHOLOINGS 54.740.261 077 Mr01,07:0119 CO/ W'S EFTA01324707 BEAR STEARNS VOCE SEFMC1UG YOUR SCONfia Bear. Steams di Co. Inc. 383 Madison Avenue New York. New vuk 10179 CLUIteo nAC0014 ra IvIaxee an NO) SIRSOLARv ftra. lawns Sweats Cap. Cm Phaetn. Caw kai:n &nett kw. at 20 .3969 JEFFREY EPSTEIN w Transaction Detail trATFL.P.r7 P€ 03 June 30. 2007 ne21.PON Kt/ 31, 2007 AOCC,"1 M ait "WAY." huisot On no MONEY FUND ACTIVITY cart LAST IrfATED.Ort lune 29. 2007 u'OtAY OWSACT3I. OCSOPTION Sa01.019P quatin 110:E MAT aM01M MeV want 06/30/07 OPENING BALANCE 507.17028 0 07/02/07 BOUGHT DREYFUS CASH MMIAGEMENT-CL A INSTITLMONAL SHARES DION 5.550 1.0000 5.550.00 07/02/07 DIVIDEND DREYFUS CASH MANAGEMENT.O. A DIC331 2,117.28 -n 07/02/07 REINVEST DISTRUTI3tal SNARES IX/MU DMDEND DREYFUS CASH MANAGEMENT A DICXX 2,117.28 2.117.28 INSIMMORAL SKIM C in 07/18/07 BOUGHT ONIDEND REINVEST DREYFUS CASH MANAGEMENT.CL A MST/000m SHARES DOOM 996.88 LOON 998.88 07131707 BOUGHT DREYFUS CASH MANAGEAUNT.CL A a SHARES DIC70E 600 1.0000 600.00 07/31107 CLOSINGBALANCE 518,440.44 r Tor:. S-9.264.16 $2,117.28 DIVIDENDS L17095£00- 019- ANGS I8 IJ V.) 00 OATI CISCS1Pnce. SYMIOUCuS. OUAN017 son1O 07/02/07 RAMCO GERSHENSON PROPERTIES RPT 12.000 0.4625 1RUST40 SIX RTC 06/20/07 PAY 07/02/07 DEW AmOuirt OMIT mean 5050.00 07/18/07 GUMCHER REALTY TRUST.S8I GRT 2.000 0.4808 961.60 REC 06/29/07 PAY 07/16/07 07/1607 YJMCO REALTY CORP NOM 98 0.3600 35.28 REC 07/06/07 PAY 07/16/07 027 41/7,47:19 coy HMS EFTA01324708 O -n C in r 81709SEOCIA19- ANGS I8 IJ O BEAR STEARNS OmtCE WhittING YOUR ACCOIAVY Bear, Steams & Co. Inc. 383 Madison Amu. ak 10179 7 an Transaction Detail (continued) ClIAMO net0vo. ?MOLLY OWP..0 SLISSDARY bet Stns Ions Ce. CrelthetroD•ch Caner Win Tali 11201.3150 JEFFREY EPStEIN STATIMNT PIM° An 30.2007 notarat Aly 31. 2007 ACCOLNT YINBER TAXPAYER WOOER be rae DIVIDENDS (continued) rnatunn tau 21.2ooT out 1:450n SAROJCUSIP COMM Rana) MIT AVOW CRICC mow 07/31107 FELCOR LOOGP16 TRUST INC FCH 2.000 0.3000 600.00 REC 07/13107 PAY 07/31/07 TOTAL 57.146.88 Your messages WY' You are actrised to promptly report any inaccuracy or discrepancy in your account to your broker and Bear, Steams Securities Corp. (BSSC) at the telephone numbers listed on the front of this statement. In order to protect your rights, including any rights under the Securities Investor Protection Act CSIPAl, any such communications should be recorirmed in visiting to your broker and BSSC at the addresses %Nth appear on the front of this statement. STOPI End of Staternen 027 C0141.0,207:19 001 EFTA01324709 GEARED THAOJOM OS wTIOUY ONT40 SUSSCuRY I fL8ZZOO- V.L.43 0 -n z C in z r _ 64095£00 IN 9 ANGS BEAR STEARNS OFFICE SEFMCl/I0 YOUR ACCCWIT Bear. Stearns & Co. Inc. 383 Hasson Avenue Noss Y Wye . 10119 III lllll JEFFREY EPSTEIN CJO FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK QUATER B-3 ST THOMAS VI 00802-1348 Sear. Steam. Seartes Cap 0-e Utettied, Caw NW. . Mn Yoh 11211.316e JEFFREY EPSTEIN STAT.:14w slit00 MIS 1.2007 TreliOUGH NW 29, 2007 ACCOUY- POWER TOWAYTR POSIES On Fie UST STAIRWAY WU 31.2007 Pursuant to your previously issued instructions, Bear Steams Securities Corp. provides duplicate monthly statements and/or transaction confirmations to the third parties listed on the cover page of this statement. If you wish to modify or cease distribution to any of the recipients indicated. please contact your Investment Professional. This reminder notice will continue to be provided to you on your quarterly statements. Itarthely EPSTEIN INTERESTS A/C JEFFREY EPSTEIN ATTN HARRY BELLER 457 MADISON AVE 4TH FIR NEW YORK NY 10022 011 060001.07.43 001 y011 EFTA01324710 En I8 IJ 00 tO m 0 m r 05095£OO- O19- ANGS BEAR STEARNS Cornet SUMCPIG YOUR ACCOUNE Bear. Stearns Si Co. Inc. 383 Madison Avenue New YorkOM New YohYoh10179 INVESTMENT PROFESSIONAL EICHFRMAN.IRA TELEPIONE VISIT OUR WIE1S1TI wwer.bearsteernS.COm What's In This Statement I ll III Milli* I 111111111111 Financial Summary 3 JEFfREYEPSTEili Your PcettoTio Holdings 4 CFO FINANCIAL TRUST COMPANY Transaction Detail 6 ATTN JEANNE BRENAN Fund Activity 6 6100 RED HOOK QUATER 8-3 Your Messages 8 ST THOMAS VI 00802.1348 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE or SECURMES THIS POPO 4.376.261 MONEY MARKET FUND BALANCE 507.176 NET EQUITY TINS PENCHI Gbh s foamiest --IIII SS°7•176 5480.071 $4,883,437 NET ECOJnY LAST STATENENT 4,993.099 CHANGE SINCE LAST STATEMENT -109,662 There are no Stop Loss' orders or other pending buy or sell open orders on Se for your account. Faunas Rse moot Tim damsece 0, novo... x ~us a =Pa YoUnd ileheyel b yos. % Clan Seta* al 0704.14.14.2.. Y 1p Clef Sown it — fan toatillya C . 0. blowsetCh Cense NM% Seen" N.Y. "701.7.74 077 $4376.261 54,513.028 Comm Truckee value - staiminta rneeuX .87,J0 0..EARED THROUGH ITS ?MOLLY 04140) SIJISOARY i.e. Seen asuman ova Mir WIMP. Unlit 1.10", . him York 112014159 JEFFREY EPSTEIN STATEMENT PER= Am 1.2007 THROUCtil At* 20. 2007 A.COOtair VINBFR TA..79ANTA NL,MBER On 711e (1ST STATTUFMT May 31. 2007 sic This sworn/Jr; is for informational purposes only. It Is not ntended as a tax document. This statement ShOUld be retained for ow records. See reverse sde for important information. Cb300707 43 001 70YI EFTA01324711 came) nitotnn rtS VAI,AY OWNED SLISSIOVAY Om, Stems Snout Cap. One Mermen Omer NOM um um 11201-3859 JEFFREY EPSTEIN £PL8Z.ZOO- V.L.43 0 0 T I C in z -H r _ TS095£00 IN9 ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 017 OlOOVIAIMII 091 1011 EFTA01324712 Fn I8 Oo pU IJ BEAR STEARNS OFF/CE SERVICING SOLO AGOSOID Beat. Steams & Co. Inc. 383 Madison Avenue iiiiMicek 10179 3 es Cash Flow Analysis 1143 Plano Income Summary 116 PERICO wan 10041‘ OpeningBalance $o.00 Dmidends 27,105.38 83.765.23 Money Fuld 2,095.80 Total $27,105.38 583,785.23 DividendsAmerest 25.099.58 Miscellaneous 7.400.000.00 Amount Credited 57,427,105.38 Portfolio Composition -n Money Fund .27.105.38 CaSIVCasn Equivalent Equities 507.176 4.376.261 Funds WeJidrevm -7.400.000.00 Total 54.883,437 Amount Debited 5-7.427.105.38 rn Closing Balance 50.00 r ZSO9SEOCIA19- ANGS 007 0610070/ 41 00I 7011 CLEARED TeIROtrem MS VISOLLY omen SUSSOMne Bear Stews %tufts Cap. One 1.41414ch Omar Henn U. MM' %me 11201-MISS aratIcco JEFFREY EPSTEIN STAMM/NT PeM00 lane 1.2007 tmaOtrae ACCarorm.nordi TAXPAYER WS% On Eh tar STAMMENT May 31. 2007 kne 29.2007 Your Portfolio Allocation Cash tEquhraleel 0 IC% Coates 90% moue% moans arm% 0mA Menge ante rem +I.0•1 Whet TM •ICCOJOI MeDWINO fitet M1 me101.40 meta raw U eon *lb 0 EFTA01324713 SPL8ZZOO- V1.43 0 -n C in r _ £5095£00 IND ANGS BEAR STURNS OFFICE SERVICING YOUR ACCC4011 Baas. Stearns & Co. Inc. 383 Mattoon Avenue New Yoh New York 10179 Your Portfolio Holdings CASH & CASH EQUIVALENTS DISOWN.* SnieCUCuto DREYFUS CASH MANAGEMENT-CI. A NOM INSTIIITCHAL SNARES EST, 30 DAY AVG YIELD 5,2200% TOTAL CASH b CASH EQUIVALENTS $507.176 Wenn 607.176.28 VAMP Peet VALLI 1.0300 507.176 EQUITIES CLEARED THROUGH NI ValCaLT MIMEO SLIBTaMART M. Stan %atlas Cam O loNesch CANN Ns. MCCIMM NM van 11201-31N9 JEFFREY EPSTEIN STATEMENT PETh00 lux 1.2007 TIOVACH line 29.2007 ACCOuNT Want TAXPATEN MAWR on Fit LAST STATVENT May 31.2007 Equities & Options The research ratings for Bear Stearns (BSC) are shown fa certain sp.:kitties covered by the BSC Equity Research Department. The fist rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 = Outperform: P - Peer Perform; U — Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight: MW = Market Weight: MU — Mantel underweight. In cases *here the BSC rating is present, the name of an independent, third-party research pronder and their rating may also be displayed, where such research is available. The various providers use different ratings systems and have normalized them as follows: B = Buy: H = Hold: S = Sell (this may not always correspond directly to the underlying rating system used by each provider or BSC). The ratings information Contained herein Is for informational purposes only and is not intended to provide tax. legal. or investment advice. Bear Steams is neither soliciting any action based on such information. nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company Is temporarily not available due to legal reasons. Independent, third-party research on certain COmpanieS covered by the Firnis research is available to customers of Bear Steams at no cost. Customers can access this research at maw hearsremne rem or can call (800) 517.2327 to request that a copy of this research be sent to them, CCSoroN STIAROLICUW TIn Owen POLE IMAICET MAN comae) /NAVAL WOW DMA= FELCOR LOGGING TRUST INC FDI CASH 2.000 26.0300 52,060 2.400 4.6101 GUMCHER REALTY TRUST-Sill GRT CASH 2.000 25.0000 50,000 3.846 7.6920 NWT PROPERTIES TR-SID HRP CASH 10.000 10.4000 104.000 8,400 8.0769 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 41.4900 82.980 6,080 7.3271 Sal OTT OV301073)7A3 am con EFTA01324714 9fL8ZZOO-V.L.43 0 0 m C in r _ PS095£00 IN9 ANGS BEAR STEARNS Witt SERVICING YOUR ACCOUNT Boar. Steam & Co. Inc. 383 Madison Avenue allagork 10179 5 ere STATEMENT PERM TREMOR June 1.2107 Are 29,2007 Your Portfolio Holdings (continued) NCO:Kw NUMMI TAXPAYER Haim On Ft Equities 8 Options (continued) LAST STATIMPC MI" 31.2607 ACC! Of3CRIThON Sn430...CuS, rrlE ouncrni aKL law MIR unimito Metal ECM ESNALTC0 YIELD IV JOHNSON& JOHNSON JNJ CASH 57.800 81.6200 3,561,636 95.948 2.6939 BSC RATING STOCK P/SECTOR MW MD DAVIS RISE/API RAMC: 8 KIMCO REALTY CORP MIA CASH 98 38.0700 3,731 141 3.7791 LtSC OHM STOCK 0/SECTOR MU GREEN RATINCKSTREET ADVISORS. NC. S MS LUCENT TECHNOLOGIES NC WNW CASH 235 0.1700 40 DP 12/10/2007 NAYARR 19 0.8200 16 GOLD INC NYRTF CASH PENNSYWANA REAL ESTATE P61 CASH 1,794 44.3300 79.528 4.090 5.1428 INWSTMCNT TRUSTS' RAMCO GERSHENSON PROPERTIES RPT CASH TrtusTaiD Sa 12000 35.9300 431.160 22.200 5.1489 SIRIUS SATELLITE RADIO INC See CASH 1,000 3.0200 3.020 BSC RAW: STOCK 0/SECTOR MW AIIJOITIS RESEARCH RATING: 8 TRAVELCENTERS Of AMERICA LLC TA CASH 200 40.4500 8.090 Total Equities& Options 54.3713.281 5143.105 TOTAL EQUITIES 54.370.251 5143.105 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME 5143.105 YOUR PRICEDPORTFOLIOHOLDINGS 54.883.437 caLAIMO naraXer wirCtix OM AR StalCAArt Bear. Teen Startles Cop. Ore Mextech Cm* kali disc 11/01.4859 JEFFREY EPSTEIN 077 CtIr3P07:0T43 001 1011 EFTA01324715 CULARID THROUGH Tr& WHOLLY OYNTO RALSCORY Tn 8 IJ -4 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue Nee York. New York 10179 6 a 0 Transaction Detail ACC:OLNY riSatitt Tail* NIA/KR On Me DEPOSITS AND WITHDRAWALS STATEMENT May 31.2007 eta. &ars Searle c Ore WARW. c— Neon Duenr. POre TOR 112014169 JEFFREY EPSTEIN STATELllart MOO GM 1.2007 THROUGH Are 29.2007 0 °Alf istANSP.010Pi OCSOMON DENT ACM =Off AIPOUP0 O6/15/07 END WIRED MDA*146455294FNOSIFIRED TO R NA FDC6 la nialASE BAI O 971 7.400.000.00 TOTAL 31400.000.00 -n MONEY FUND ACTIVITY DAG IOW OUNSCG0N NSCRIPOOR 411.1110110.19P CLOinlv e9Kl OM MINI CREDIT mean 06/01/07 OPENINGBALANCE 480.070.90 C in 06/01/07 DMDEND DREYFUS CASH AUMAGEMENTCL A MC* 2.095.80 INSTRI.MONAL SHARES MONTHLY DIVICee 06101107 REINVEST DREYFUS CASH PAANAGEMENTC4. A MCC( 2.095.80 2.095.80 INSTITUTIONAL SHIRES R' ee REINVEST r 0811207 08/15/07 BOUGHT BOUGHT DREYFUS CASH IAANAGEMENTCL A a WARS DREYFUS CASH MANAGEMENTCL A DICOC WC* 23.987 1.02238 1.0000 1.0003 23987.00 1.022.58 INS11NIlONAL SHARES 06729/07 CLOSINGBALANCE 507.178.28 TOTAL 5.27.105.38 $2.095.80 SS095£00- 019- ANGS 014007:0743 cos vOl I EFTA01324716 8fL8ZZOO- V1.43 BEAR STEARNS Calla Weakish YOuR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue Nero Y Now York 10179 7 as Transaction Detail (continued) DIVIDENDS CasSE0 THAOJCsi ITS v.1.00.1e O'NW SVISIYARY Int Steams Stares 0.0. Ov Monaca 011545 recta JEFTREY EPSTON STATEMENT PINCCI MIS 1,2007 THROWN MIS 29.2007 AOSSAIT 111401 SWAM% SWIM 00 as LAST STATIMPIT May 31.2007 C) -n COI CtSCMP11174 SVISUCUSS1 OSMAN AArt 01 oar MOM 06137 MOW 06/12/07 JOHNSON& JOHNSON REC 05/29/07 PAY 06/12/07 06/15107 PENNSYLVANIA REM. ESTATE INVESTMENT TRUST-SW REC 06/01/07 PAY 06/75/07 JNJ PEI 57,800 1.794 0.4160 0.5700 23.987.03 1.022.58 TOTAL 525,009.68 MISCELLANEOUS DATE 1.030AY rtsuiSACTION CSSC•11311 DEW /MOUNT atm MMWI C in 06/15/07 JOURNAL FROa 7.400.000.00 TOTAL 57,400,000.00 r _ 95095£00 IND ANGS 021 C6'300707.43 C01 Y011 EFTA01324717 MIMED 'SWUM. ITS YelOLLY ante StsMalYARY fitaZZOO- Vin 0 m cim H LSO9S£00 IND ANDS BEAR STEARNS OFFICE SERRICING YOUR ACCOUNT Bear. Stearn & Co. Inc. 383 Nad son Avenue Your messages I Confirmation: Unless we hear from you to the contrary. it is our understanding that any free credit balances in your account are being maintained to facilitate you' intention to invest such amounts through us. You are advised to promptly repot any inaccuracy or discrepancy in your account to your broker and Bear, Stearns Securities Corp. ("BSSC) at the telephone numbers listed on the front of this statement, In order to protect your rights, including any rights under the Securities Investor Protection Act ('SIPA'). any such communications should be reconfirmed in writing to your broker and BSSC at the addresses whkh appear on the front of this statement. STOPI End or Statement 027 Ifar Wt. Sewn. Cep e.- COM WTI BrOCIA7.170.70. 11201425S9 JEFFREY EPSIIIN STATIMP.7 reesoo rune 1.2007 Thlitaral lane 29. 2007 aCCOusi madealt Manta HAMM On FM LaST Sunkte May 31.2001 SPECIAL NOTICE FOR MARGIN CUSTOMERS It you are a customer with a margin account, you consent to Bear Stearns's right to use, lend or pledge any securities held by Bear Steams in your margin account. In certain circumstances, such loans or other use may limit. in whole or in part, your ability to receive dividends directly from the issuing company anctror your right to exercise voting and other attendant rights of ownership with respect to the loaned, sad or pledged securities. Such circumstances include. but are not limited to, loans of securities that you own in your margin account that continue over record dates for voting purposes and ex-dividend dates for dividend distributions. If you do not receive addenda directly from the issuing company, you may receive payments-in-lieu of dividends which could cause you to lose the benefit of the preferential tax treatment accorded to dividends. In an effort to maximize execution quality. Bear Steams may route yoam equity orders to NS Smart Order Router (SOR). The SOR accepts limit and market orders and automates their routing across several sources of liquidity in an attempt to maximize price and mirimize market impact with respect to your order, The SOR routes orders using proprietary algorithms that scan exchanges. ECK% and other liquidity venues before it decides a strategy designed to achieve an optimal execution for clients. The SOR may in the course of executing an instruction change the entered order type from market to limit or may change the entered limit price in an attempt to obtain the best price. Although the Firm believes that the regular use of this technology benefits clients by achieving overall better execution quality, we cannot guarantee an optimal execution on any individual order. 05030707AI Cal Val I EFTA01324718 05L8ZZOO- V.L43 0 E I C m r _ 85095£00IN9 ANGS DRICE SERVICING YOUR ACCOUNT Bear. Steams & C.O. Inc. BEAR 383 Madison Avenue New York New York 10179 STEARNS WARM THROUGH ITS 'MOLLY Ov StAISCIARY Ms. Seam Avon coST MapIan Caner WA as i art 111014159 JEFFREY EPSTEIN ivei STARIII nrcer SSIONAL lICHERMANARA TELEPuOlif VISIT OUR WEBSITI vnwr.bearsitams.corn What's In This Statement Financial Summary 3 LIM JEFFREY EPSTEIN :TAM/CST PERIM THROUGH Accotatr MOWER 709AWA PIIAMER LAST STATP.IIINT May 1.2007 Mrs 31. 2007 X72 On FA* WI 30 2007 Your Portfolio Holdings 4 C/0 FINANCIAL TRUST COMPANY Transaction Detail 6 ATTN JEANNE BRENAN Fund Activity 6 6100 RED HOOK WATER 8-3 You Messages 7 ST THOMAS 4/1 00802-1348 Your Portfolio at a Glance Market Value of Your Portfolio TOW. VALUE Cf SECURMES THIS PERIOD 4.513,028 Can ElInnirli 51.8 4740:4 4 078 MONEY AWUCET FUND BALANCE 480,071 Counts — 14.513.028 54,574.378 NET !WTI TIRE PERIOD $4,993,099 Current market vaLv NET EDUErf LAST STATDAENT 5.048,826 MI tat stmtmerws mask,' vela CHANGE Ma LAST STATEMENT -55,727 There are no 'Stop Loss" orders or other pending buy or sell open orders on file for your account. Paw. aal /ay Marco et 'aware' a ew a spas. afsaud a [Wand Is b Cyst Sena. a SCO4S4-1416 'flit. Owo Salta Y 1w Syr. Swazis Coy. DV Meteleas Crag scot. Mawr. NS MOSSES 027 gt This summary is for informational purposes or* It is not intended as a tax document. This statement should DO retained for our records. See reverse side for important information. OV0107.06 44 001 VDTS EFTA01324719 CLE46/0 9.11104361 WHOLLY CrA1a. SU13.910193Y O99. Steam Swann Co". QrM 1.4eigtech Certy Mali boat" IN. Tot 11201.3869 JEFFREY EPSTEIN I 5L8ZZOCV.143 O z m cim z H r 65095£00 IND ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 0901/0705/44 CO1 5010 EFTA01324720 BEAR STEARNS OFFICE SERVICING YOUR ACCCVNT Bear. Steams & Co. Inc. 383 Maason Avenue New Yon. New Yea 10179 3 el Cash Flow Analysis MS POMO Income Summary nn Pomo YEAR 10 UTE Opening Balance 60.00 0Mdends 5.623 30 58,659.85 Money Fund 2003.30 Total 55.623.30 556.659.85 Funds Deposited 2.500.000.00 0 z -n Deldends/Intemst amount credited Money Fund 3,620.00 52,505,623.30 -5.623.30 Portfolio Composition Cash/Cash Equivalent EquUes 480,071 4,513,028 Funds Madman -2.500.000.00 C in z Amount Debited Closing Balance S-2,605.623.30 $0.00 Total 54 993.099 r 09095£00- 019- ANCIS I8 IJ 00 If Is) 027 MAMETC5.4.4 DM YDIC [LEWD MAWS.. It8 ERICEL DATED SAISICTARY Bar. Loam SKIMS Ca Ora tArectech COMP NOM &ode" New Tat 112014050 latta /SOW JEFFREY EPSTEIN arrant/ err PEA100 mey1,2007 rainovom May 31.2007 ACCCUR, XLMSElt TAXPAYER MAW PP M IAST STATE ED AO 30.2007 Your Portfolio Allocation Cast, liqnient ur0 Equines 915 J•stund Wm Cowl. Cott Waco' CAW, non mina 'cis, OICCe5Cos 04/VcCeas Can tie .ante nrCel MON a cto. Nebr. EFTA01324721 CLEAREO ImECUan riS 44404Y CYAIRD 30340var 0 0 m C in r T9095£00- 019- ANGS BEAR STEARNS OFFICE SEFEACHC YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Mance New Y Nmy Yeric 10179 Oar Your Portfolio Holdings CASH & CASH EQUIVALENTS 0E1004001. SY10340110 DREYFUS CASH MANAGEIAENTOL A DIOXX INSITTIMONAL SHARES EST 30 DAY AVG YIELD 5,19C011 TOTAL CASH & CASH EQUIVALENTS 5480.071 ourarer 480.070.90 Hawn ewct mut 1.0000 480.071 EQUITIES en, Sterns Secular Um. Cm Hormel Germ Nath Brom" We York 11201.3859 JEFFREY EPSTEIN STATEMHT nit,C0 kin 1, 2007 notOurai illoy 31.2007 NW, PC NNW.* TAXPAYFA meats De rile LAST STKTIJEk7 Apra 30.2007 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the BSC Equity Research Department. The list rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follcrirs: 0 — Outperform: P - Peer Perform; U = Underperfcan. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO - Market Overweight MW = Market Weight MU . Market Lnderweight. In cases where the BSC rating is present, the name of an Independent, third-party research provider arid their rating may also be displayed, where such research is available. The various providers use different ratings systems and have normalized them as (clews: B Buy: H - Hold: S = Sell (this may not always correspond directly to the underlying rating system used by each provider or BSC). The ratings information contained herein is for international purposes only and is not intended to provide tax, legal. or investment advice. Bear Steams is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent, third-party research on certain companies covered by the fire's research is available to customers of Bear Stearns at no cost. Customers can access this research at wily hearsmsrns ram Cr can call (800) 517-2327 to request that a copy of this research be sent to them. OTSCRPIKAI SMIOLCLISIP eccr rot mem MICE IM MO VALUE ESIMATED MNUM. Wait CUNARD MD re FELOOR LOCOING TRUST MC FCH CASH 2,000 28.1900 52.380 2.000 3.8183 GUMCHER REALTY TRUST-SW GRT CASH 2.000 27.2500 54.500 3.846 7.0569 HRPT PROPERTIES TR-SBI HRP CASH 10.000 11.4800 114,800 8,400 7.3171 HOSPITALITY PROPERTIES TRUST sae HPT CASH 2.000 44.4400 88.880 6.080 6.8407 027 0.10110701:41 M1 %IMO EFTA01324722 0 -n C in z r Z909SEOCIA19- ANGS I8 b.) 0.2 00 OFFICE SEFMCING YOUR ACCOUNT Bete Stein & Co. Inc. BEAR 383 Madison Avenue STEARNS allISA 10179 CLOAT TWOOVON trs WaOLLY C.6110 suosrovar see Stare Seaton Cos Ors Watts. Can Na, loa n* 11201410.0 JEFFREY EPSTEIN 5 e / STAMEN' Rita) THY 1. 7007 TRCtCal May 31.2007 Your Portfolio Holdings (continued) ACCOLisi WARR imam", µ/.FEW On FJ0 Equities & Options (continued) LAST STAR /CM Ape' 30.2007 Ace/ DESONPICH snmoucuse net cower Pea swat WSW ES7Kurt0 ANNUAL 100014( [SWAIM MID BO JOHNSON& JOHNSON JNJ CASH 57,800 63.2700 3.657.006 95.948 2.6237 BSC RAIU%: STOCK P/SECTOR MW NED DAVIS RESEARCH RAUNG B ICIMCO REALTY CORP KIM CASH 98 46.2900 4,536 141 3.1085 &SC RATING: STOCK 0/SECTOR ITV GREEN STREET ADVISCO8 INC. RAYING: S WTS LUCENT TECHNOLOGIES INC LUTWE CASH 235 0.1800 42 DIP 12/10/2007 NAYARIT GOLD INC ?IMF CASH 19 0.7850 15 PENNSYLVANIA REAL ESTATE PEI CASH 1,794 47.5300 85.269 4,090 4.7966 IWESTWIIT TRUSTS., RAMCO GERSHENSONPROPERIW$ RPT CASH 14003 36.9900 443.880 22.200 5.0014 98.6T4a0 581 SWLS SATELLITE RADIO INC SIRI CASH asc RATING. STOCK P/SECTDR IMl 1,000 2.9300 2.930 MANTIS RESEARCH RATNG. B TRAVELCENTERS OF AMERICA LLC TA CASH 200 43.9500 8.790 Total Equities& Options 54,513,028 5142,705 TOTAL EQUITIES 54,513,028 5142.705 YOUR PORTFOLIO HOLDI NGSESTIMATED ANNUAL INCOME 5142,705 YOUR PRICEOPORTFOLIOHOLOINGS 54.993.099 027 C.01.0.4.05 44 co, 1010 EFTA01324723 55L8ZZOO-V.L43 0 -n C in r £909S£00 INS ANGS BEAR STEARNS OFFICE SEMACAC YOUR ACCOUNT Bear. Steams & CO. Inc. 383 PARdiSta Avenue rilisycck 10179 6 97 Transaction Detail DEPOSITS AND WITHDRAWALS DAR MAKSACTON DOCRAPTION a, man ce[cci swum 05109/07 END BARED 05/09/07 FUNDS REC MOA*C1083388FNOSWIRED TO alifillida TERNA11°NAL NY0156137 FNOSY/RED TO [MBANK FROM 2.500.000.00 2,500,000.00 TOTAL $--2.500,000.00 52.500.000.00 MONEY FUND ACTIVITY CLVACO naceau ITS VAC. :Y COATED SLISIOIARY Be. Seers Startles UT. PTE IA•VCIROI Getter Math OnXii ilt• Yen 1120,4559 JEFFREY EPSTDN STATATEr.7 PERK= Altry 1.2007 TNPOU0). Cloy 31, 2007 M"CM NUMEll TAXPAYER WWI Ott File LAST STATEMENT Apnl 30.2007 DATE =OAT TRANSACT= COOSTICti STABOUCUSP OU,UMIY aINL DOM AIM= OCT toctINT 05/01107 OPENING BALANCE 474,447.60 0501/07 DIVIDEND DREYFUS CASH MANAGEMENTCL A DICXX 2,003.30 MOM 111UTIONA OMME70 L DIMES DILY 05/0107 REINVEST DREYFUS CASH MANAGEMENT-CL A DIGO( 2.003.30 2.003.30 INSTMETIONAL SNARES DIVO993 REINVEST 05/18/07 BOUGHT DREYFUS CASH MANAGEMENTCL A DICIOC 1,520 1.0000 1,520.00 INSTMAONAL SNARES 05/24/07 BOUGHT DREYFUS CASH MANAGEMENTCL A DICY:x 2.100 1.0000 2.100,00 NSTTNIMAL SNARES 05/31/07 CLOSINGBALANCE 483.070.90 TOTAL $-95.623.30 $2,003,30 C97 06990605.9 E01 1010 EFTA01324724 =an 7.ROLGN ITS WIlair ON,40 SULU:Wry 9SL8ZZOO- V.L43 0 0 z m C in z J r _ 179095£00 IND ANGS BEAR STEARNS a ICE SERVICING YOUR ACCOUNT Bear, Steams & Co. Inc 383 Madison Avenue Nee V Wm Ycek 10179 7 o r Transaction Detail (continued) DIVIDENDS Net Stuns Seaman Cal. Oro IMPaNOT Crow Nam Nes Yea 11201.365, JEFFREY EPSTEIN STATEEEENT Ptito0 May 1.2007 THROWN May 31.2007 AcCOUNT 'anew a TAXPAYER MAW On FM LAST STATEMENT DATE DESCRIPTION SYNNIOLRUS• OAMIONY RATE In OM AMBIT CREDO MOM 05/17107 HOSPITALITY PROPERTIES TRUST HPT 2.000 0.7800 1.520.00 Set REC 01/16/07 PAY 05117/07 30.2007 05/2007 HRPT PROPERTIES TR.SEII HRP 10.000 0.2100 2.100.00 REC ansio, PAY ea/24/0T TOTAL 23.620.00 Your messages You are advised to promptly report any inaccuracy a discrepancy in your account to your broker and Bear, Steams Securities Corp. BSSC") at the telephone numbers listed on the front of this statement. In order to protect your rights. including any rights under the Securities Investor Protection Act ('SIP/'), any such communications should be reconfirmed in writing to year broker and BSSC at the addresses which appear on the front of this Statement. End of Statement 027 1:601/0705 44 CO1 VOTO EFTA01324725 LgL8ZZOO-V.L43 0 0 m C in r _ S909S£00 IND ANGS MICE SERVER% YOUR ACCOIA0 CLEARED netareir WHOLLY °Atte) SueSieuerr BEAR STEARNS Bear. Stearns & Co. lit. 383 Madison Avenue ailliatiork 10179 Dear Steers Smarm Cop. Ore tent. C Mn Few Yet 11201.3lle9 JEFFREY EPSTON INVESTMENT PROJESSINIAL ZERIERMANIRA rrarairear nano myth 31.2007 TELEOHNE THROUGH PO 30.2107 NUT OW WEBSITE ww.bearsteams.com What's In This Statement I Ihlhllhhllrrlrrllrrlrhhllllhllllhlhll ACCWC WNW% TAXPAYIR 'MAIER Wile LAST rATEKtrt Moth 30.2007 Financial Summary 3 JEFFREY EPSTEIN Your Portfolio Holdings 4 CIO FINANCIAL TRUST COMPANY Transaction Detail 6 ATTN JEANNE BRENAN Fund Activity 6 6100 RED HOOK QUATER B-3 Your Messages 7 ST THOMAS VI 00802.1348 Your Portfolio at a Glance Market Value of Your Portfolio Cash ai Erauslam 1.1 3.474.448 TOTAL VALUE Of SECURITIES THIS PERIOD 4,574,378 5465.403 MONEY MARKET FUND BM/ICE 474,448 Dat e 24.574.378 54.329.369 NET EOUEIY TIES PERIOD $5,048,826 I N Current mate value NET EQUITY LAST STATEMENT 4,794.752 MO Leo Netement's market value CluNGE Set( LAST STATEMENT 254.074 There are no *S109 LOSS' orders or other pending buy or sell open orders on Se for your account. 13 Ora Sennaes at 3:0414, 43. vet it Ora Smite a tatax. non "tartan inf f SI This summary ts or ormational ses only. F. is not intended as a tax document rat. tvotti ettona et -oseatata 0t <401 s- awn r<onin as ea' WWII to at, This &Wormed should be retalned for our records. See reverse side for newton' Information. Ctn. One atrotanat Cr honk ender. NY. 1193,4019 027 09411/07.07:14 001 1009 EFTA01324726 CLEARIO THROUGPI ITS WOOLLY OWNtO SUBSDATO Swans Swans on. Oe IliaoNth Carlo kr. alai n 11,014159 JEFFREY EPSTEIN 85L8ZZOOVida 0 z ii C in z -H r _ 99095V:10 IND ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 027 OSM/07:0714 001 VAO EFTA01324727 to I8 b.) 11,) 00 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. kn. 383 Madden Avenue a illialork 10179 3 or Cash Flow Analysis Oa MOO Income Summary IIa PERCO TEAR TO Oak Opening Balance 50.03 Dividends 9.044.56 51436.55 Money Fund 1.997.68 Total 59 044.56 551 036 55 0 0 DIvelendsAntemst Amount Credited 7,040813 5%044.66 Portfolio Composition z Money Fund .9.044.56 Casn/Casn Equivalent 474.448 m Amount Debited 5.9,044.56 Equelos 4,574.378 Closing Balance $0.00 Total 55.048.826 C in z J r L9095£00- 019- ANGS 027 010, 07.0714 COI 11:00 MEMOS THRISJOn ITS vmats CvnED sues OAR, Inc. nears Seem Oss 0'e ittevech Can M mut n :nous JEFFREY EPSTEIN STATEuENT POlt00 much 31, 2007 THOCUSs Apr/ 30.3007 isceor van a2 ThsysTsit Tr-uSisc On Fee LUST STATTAONT Myth 30.2007 Your Portfolio Allocation Cash& [quintet 0 luon G 91% inssend moan ono. Ike ba*x. inVer V.4.1 none. vast 11.4 41044444. 1.404,1244 4 04.14 Yee /V C444/4 ~of 4444r d 400 4c4.00 EFTA01324728 GLASSE. TLIACIJGel ITS Vat 04/480 alairf -n C in r 89095£00- 019- ANGS 8 2.4 a U O DO BEAR STEARNS OFFICE SERI/TOOL YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New Yak. New York 10179 4 cl Your Portfolio Holdings CASH & CASH EQUIVALENTS CIDGerliCri SYNIK4CLIDP DREYFUS CASH MANAGEMENT-CL A DIM INSTINTIONAL SHARES EST. 30 DAY AVG YIELD 5.1600% TOTAL CASH & CASH EQUIVALENTS 5474.448 OUANDIY 474.447.60 'WC Ofra YALU' 1.0000 474.448 EQUMES Bug atm Sean Ca a Wean Cat an a Tort 112014850 JEFFREY EPSTEIN STAaT PEMOO Math 31.2007 THROWN Ap% 30.2007 AL22ant NtALUR TAXILVOTR kla On File LAST STATE lieta Mn. 30.2007 Equities & Options The research ratings for Bear Stearns (BSC) are shown for certain muffles covered by the BSC Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 Outperform; P — Peer Perform U Underperforrn. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO Market Overweight: MW = Market Weight; MU Market underweight, In cases where the BSC rating is present, the name of an independent. third-party research provider and their rating may also be displayed. where such research is available. The various providers use different ratings systems and have =mated them as lotions: B = Buy; H Hold: S - Sell (this may not always correspond effetely to the underlying rating system used by each provider or BSC). The ratings information contained herein is for informational purposes only and Is not intended to provide tax, legal. or investment advice. Bear Stearns Is neither soliciting any action based on such information. nor endorsing any recommendation or opinion expressed by any independent third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at ynyw nearuenrris ram or can call (800) 517-2327 to request that a copy of this research be sent to them. OrScstrxx SNATOUCLISIP Trn OUnaltf PUCE 140.10¢T WILE ESTANTED a la 6511VATED Yap elf FELCOR LODGING TRUST NC FCH CASH 2.000 25.5300 51.060 2.000 3.9170 GUMCITER REALTY TRUST-SEP GRT CASH 2.000 27.0100 54.020 3.848 7.1196 HRPT PROPERTIES TR-SSI HPP CASH 10.000 12.2400 122.400 8.400 6.8627 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 45.5300 91.060 6.080 6.6769 5E2 027 Wet 777:14 001 %XS EFTA01324729 I9L8ZZOO- V1.43 0 -n z C in z J r _ 69095£00 IN9 ANGS BEAR STEARNS OFFICE SERVICING POUR ArentiNT Bear. Steams & Co. Inc. 383 Madsen Avenue New York New York 10179 SHT Your Portfolio Holdings (continued) Equities & Options (ccoUnued DESCAlown7N SIMICUCUMP MST 1191 swans FAKE an %% w YE !SWAM MOM PCOPAI M) Y IMAEW ON JOHNSON& JOHNSON JIU CASH 57,800 64.2200 3.711,916 95.948 2.5849 BSC RAM* STOCK Matte. NED DIMS RESEARCH RATIN& KIMCO REALTY CORP KPA CASH 98 48.0700 4,711 141 2.9930 NC PARKS STOCK 0/SECTOR MW GREEN STREET ADVISORS. RC. RAM* $ WTS LUCENT TECHNOLOGIES SIC UJMW CASH 235 0.1400 33 VP 12/10/2007 NAYARIT GOLD INC NYRTF CASH 19 0.8930 17 PENNSYLVANIA REAL ESTATE PEI CASH 1,794 46.4800 83,349 4.090 4.9071 se/UTNE/A TRIMMEII RAMCO GERSHENSONPROPERTIES RPT CASH 12.000 37.0000 444,000 22.200 5.0000 TRISTMD 581 SIRIUS SATEWTE RADIO INC SIRS CASH 1,000 2.9603 2.960 850 RAYING: STOCK P/SECTOR MW ATLANTIS RESEARCH RATIN& e TRAYELCENTERS OF AMERICA tIC TA CASH 200 44.2600 8.852 Total Equities& Options 54.574.376 5142.705 TOTAL EQUITIES 54,574.378 $142.705 YOUR PORT " OHOLDINGSESTIMATED ANNUAL INCOME 5142.705 YOUR ,F7FOLIOHOLDINGS 55,048.826 CaFAMO THROW... ITS %Hotly c4vNE, SUSSOARY Am seen Sooner E.OrS Ore MerMeth Genet Nam Yolc11201.3419 JEFFREY EPSTEIN STATSMT•47 [IMOD MVO 31.2007 THROUGH AM S0,2007 N`CO. MT MASA TM:PAVER NUMMI On Fie LAST STATEMENT March 30,21137 O5) 1070714 COI MOS EFTA01324730 C‘SMMIS nemOuCal ns meaty Owe SUSSOMW O L I 5 m z r OLO9SEOCIA19- ANGS IJ 00 T.) BEAR STEARNS OFTICE SERE:INC YOUR ACCOUNT Beat, Steams 8 Co. Inc. 383 Madison Avenue ilialligort 10179 6 )4T lee. Men Samba CEET. CAA Metrowch Gina koM ima m 112014159 JEFFREY EPSTEIN STATEMENT MAW Liven 31.2007 Transaction Detail TWASAM Apeccro SWIM APO 30.2007 On Fie !PAPAWS MAINS MONEY FUND AC11VITY LAST STATEVEXT Myth 30.2007 CATE WORMY EREAMACTION DILEAMPTEM STEMOUCLIS• GOWITEI peg DES T MOWN, CMOS AMOUNT 03/31(07 OPENING BALANCE 485,403.04 04/02/07 BOUGHT DREYFUS CASH M4NOSEMENT-O. A oica 5.550 1.0000 5.650.00 1611111110/AL SHARES 04/02/07 DNIDEND CREYFUS CASH MANAGEMENT-CL A 1,997.68 INSMUTIONAL SHARES MINN Ca10010 04/02/07 REINVEST DREYFUS CASH MANAGEMENT-CL A tainvnaut pans DOOM 1,997.68 1,997.68 PROM RENVEST 04/16/07 BOUGHT CREYFUS CASH MANAGEMENT-CL A DIOC( 996.88 1.0000 996.88 INSITTIMERAL SHARES 04/30./07 BOUGHT DREYFUS CASH MANAGEMENT-CL A 0400( SOO 1.0000 M 500.00 DIS1THMONAL SHARES 04/30/07 CLOSINGBALANCE 474.447.60 TOTAL 5-9.044.56 51,997.68 DIVIDENDS NR 04/02/07 DESCAPINN RAMCO GiRsHENSON PROPERTIES TRUST/AO 511 REC 03/20/07 PAY 04/02/07 0416107 GUTACHER REALTY TRUST-S& REC 03/30107 PAY 04/16/07 SIVINX/CUSES OMMEITv MU MI RPT 12.030 0.4625 GRT 2.000 0.4808 04/16407 KIMCO REALTY CORP REG 04404407 PAY 04/16/17 OCHNIMOUIR COW MCAT 5,550.00 961.60 KIM 98 0.3600 44* ••• •14. otT OSOIJ0707:14 001 woo 3628 EFTA01324731 to IS b.) b.) Go -4 C)0 -n C in r IL095£00- 019- ANGS BEAR STEARNS 01110E SERVICING YOUR ACCOuur Bear. Steams a Co. Inc. 381 Madison Manua New YOrk, New Yak 10179 7 a Transaction Detail (continued) DIVIDENDS (cOnallUed) DATE ofintrlich 04/30707 FELCOR LODGING TRUST INC RED 04/I 3/07 PAY DI/30/07 TOTAL $7,048.88 CUPPIE0 71$77:Cral n %MOLLY 00440 VaCIARY Bea Sian Sautes Cap. Cap Montaat Caw Nall wound Pap Pak 11201.311bO JEFFREY EPStEIN STATO0C777 Elmo Myth 31,2007 111417000.7 Apnl 30.2007 ACODENT sumo, ThEPAyER Taw On DM LAST STATIVEKT March 30.2007 ”1,13CcCUSP 011411711Y RATE (5) aait Al/Dan CREW M10100 FCH 2.000 0.2500 503.00 Your messages ra You are advised to promptly report any inaccuracy or discrepancy In your account to your broker and Bear. Stearns Securities Corp. (BSSC) at the telephone numbers listed on the front of this statement. In order to protect your rights. including any rights under the Securities Investor Protection Act CSIPA'). any such communications should be reconfirmed in writing to your broker and BSSC at the addresses which appear on the front of this statement. End of Statement 027 0501/07737.14 001 1CCO EFTA01324732 =ARCO ORCIAH ITS VAC-0' OINED SLI1SOUAV -n C in r ZLOSSE00- 019- ANGS IS IJ 00 a U BEAR STEARNS OFFICE SERVKING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madson Avenue New %S. New YOIt 10179 (212) MI-2000 Bet Nan -- Cot Oro - Cott kWh °ROO" Nor Y004112014050 JEFFREY EPSTEIN STATLUOCT NORCO MAIM 1.2007 11410UON Myth 30.2007 ACCOUNT WYSE, TAXPAYER NUMICA On Eta µST STAWNOrt Canty 2t 2001 JEFFREY EPSTEIN WO FINANCIAL TRUST COMPANY ATM JEANNE BRENAN 6100 RED HOOK (WATER B-3 ST THOMAS VI 00802-1348 Pursuant to your previously issued instructions. Bear Stearns Searities Corp. provides duplicate monthly statements and/or transaction confirmationS to the third parties listed on the cover page of this statement. If you wish to modify cc cease distribution to any of the recipients Indicated, please contact your Investment Professional. This renvnder notice will continue to be provided to you on your quarterly statements. Tharl.Pada EPSTEIN INTERESTS NC JEFFREY EPSTEIN ATTN HARRY BELLER 457 MADISON AVE 4TH FIR NEW YORK NY 10022 027 02/31.020843 001 V0013 EFTA01324733 T4iNaGUNO0 ELO9SEOCIA19-ANCIS I8 b.) QO BEAR STEARNS OFT Ct SERIACNIG YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue Y Yak 10179 NASD/fin PROr(SSIDNAL ZICHERMAN.IRA TELEPHONE vISIT OUR NTBSITE werw.bearstearns.ccfn What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 6 Fund Activity 6 Your Messages 7 Illrrrlllarll.IlIllelliliIlNIlrrllEElrrllrelxeil JEFFREY EPSTEIN CIO FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK ElUATER B-3 ST THOMAS VI 001302-134El Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURITIES NIS PERM) SIDNEY 'tartar FUND BALANCE 4.329.349 "I" "'nal $439.13 $468403 6 465,403 Wades NET EQUITY THE PERIOD $4.794,752 NET COUNT LAST STATEMENT 4.929.262 CHANGE SINCE LAST STATEmENT -134.510 There are no Stop Loss* orders or other pending buy or sell open orders on fie for your account. Pero aNd any efunara a. urea of c. or — top la eavono us Oleg Inns t .0004, 420, a NIP u CNN &Nan •• Bow Dews Soculle 4650 02/ $4.329.349 Current /Matt value ME last now/nerd's nu/ken value 54.490.126 [Wan) THN003N WHOA'? OA/ED SLESIO4Par Pea. ken Statues Cop. One MORRO. COPY Na0 IN Pee On 112014I E9 JEFFREY EPSTEIN STATOPEPT 00000 Moth 1.2007 THROuGn MIMI 30.2007 *in. NT %AEU 'Nowa µNEER CP Die Wi STATERENT kinsary 28.2007 This summary is for informational Disposes Pay. It is not intended as a lax document. his statement should be retained for ow records. See verse side 1m important information. 0341.01:06-.0 COI VOA EFTA01324734 “EAREO MOOCH ITS vutnoLLY OmaD Su•SOVICY Me. Suers Seanotti Cap. On Migraech Omer Nal Misr 20 0S JEFFREY EPSTEIN 2 o. 99L8ZZOOV.L43 0 0 Tz F I C in z -H r _ PLO9SECIO IND ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 02? 01/31/07:06:43 001 1006 EFTA01324735 tn7 8 b.) BEAR STEARNS OtriCE SERVIONG CUR ACCOUNT Bear. Steams & CO. Inc. F 33~F~8 88~¢ ~~~~ 3 yy Madison Avenue 10179 3 n': Cash Flow Analysis THIS PElb30 Income Summary 1145 PEIne0 RAP 10 OArt Opening Ba lance $0.00 De/Wends 26.267.47 41,991.99 Money Fund 3,569.89 Total $26267.47 $41.991.99 DiyidentIsAnterest 22.897.58 Miscellaneous 10,000,000.00 0 Amount Credited $10.026.287.47 Portfolio Composition Cash/Cash Equine:at 485.403 -n Money Fund MisccdammuS -28.267.47 -10.003.00Ct00 Wades 4.329.349 Total $4.794,752 C in z J Amount Debited ClosingBalance 5-10.028,267.47 $0.00 r SLOSSEOCIA19- ANGS 027 83/2107,0143 COI CUM] IIROU3N YfrO-LY OAICD SUBSIDWIY Bear. Sten Soria Cap, One %Wae. Om. Novi s iaSoft 11201.3851 JEFFREY EPSTEIN STATEVEhT Kau, Myth 1.2001 THROVOM Myth 30. 2007 MTh NT %AMR etAnirrt On rile LAST STATEWS1 Feiner, 28.2037 Your Portfolio Allocation USA's - defeat Mb.. 1•01 .a,.. SIOCOCO retrace • 01INIO ten Ty ap>stata enar. vela a, you garble EFTA01324736 CLEARED 110'004.01 rn PROXY CAVRED SUBSCORE 89L8ZZOO- V.Ld3 0 -n C rn r _ 9L095£00 019 ANUS BEAR SIMMS OFFICE SERVCING YOUR ACCOUNT Beat Steams & Co. Inc. 383 Madison Avenue SSA 10179 4 & Your Portfolio Holdings CASH & CASH EQUIVALENTS DLICRITIOR SWBOJEUSIP DREYFUS CASH MANAGEMENT-CL A OlOOC INSTrUn0NAL SHARES E.$1 30 OAT AS TIELD 5.1700•4 TOTAL CASH & CASH EQUIVALENTS 5465,403 DUMMY 465,403.04 IAMOT PRXL VAUX 1.0000 465.403 EQUITIES Die. Lana SOMAS Cap. Oro IALOOKR ORO ROO S' NOR Lot 11201.3•19 JEFFREY EPSTEIN STAWMENT PERO* March 1.2007 17111012011 Match 30, 2007 ACCOUNT KAROL TAXPAYER µABm On Fie LAST STATEMENT Fein" 21). 2007 Equities & Options The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the BSC Equity Research Department. The fat rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 — Outperform: P = Peer Perform; U Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight: MW — Market Weight; MU — Market underweight. In cases where the BSC rating is present, the name of an independent. third-party research provider and their rating may also be displayed, where such research Is available. The various providers use different ratings systems and have normalized them as follows: B = Buy: H Hold: S Sell (this may not always correspond directly to the underlying rating system used by each provider or BSC). The ratings information contained herein is for Informational purposes only and is not intended to provide tax. legal. or investment advice. Bear Steams is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available duo to legal reasons. Independent. third-party research on certain companies covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at mecoltarsteamscom or can cal (800) 517-2327 to request that a copy of this research be sent to them. DISCORON SYDROUCLOP ACCT TYPE DANIEL PEACE TAMxm YALUE EMOTED Naa scot EMMA= atm 04 FELCOR LODGING TRUST INC FOI CASH 2,000 25.9700 51.940 2.000 3.8506 GLITACHER REALTY TRUST-SW GRT CASH 2,000 27.0200 51,040 3.846 7.1170 HRPT PROPERTIES TR-S8I map CASH 10.000 12.3000 123.000 8.400 6.8293 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 46.8000 93.600 5.920 6.3248 Sal 027 03/31/07:06713 001 YON EFTA01324737 0 -n C rn r LLO9S£00-019-ANGS IS b.) 00 BEAR STEARNS orrcc SERVICING YOUR ACCCEIN1 Bear. Stearns & Co. Inc. 383 Madan Avenue New York York 10179 S or to Your Portfolio Holdings (continued) Equities .& Options (continued) ACCT DESCRIPTION meows, ntst COUAlir NICE mow YAWS (SWAM MINIM MOM ES1110,70) YBO JOHNSON& JOHNSON JNI CASH 57.800 60.2600 3.483,028 88.700 2.4892 BSC RATING: STOCK PiSECTOR MW NED DAVIS RESEARCH RATING: IT 101403 REALTY CORP KIM CASH 98 48.7400 4,777 141 2.9516 ESC RATING: STOCK 0/ SECTOR MW GREEN STREET ADVISORS INC. RATING: S WTS LUCENT TECHNOLOGIES INC LU1HW CASH 235 0.0950 22 EIP 12/10/2037 NAYARIT GOLD INC NYRTF CASH 19 0.5110 10 PENNSYLVANIA REAL ESTATE PD CASH 1.794 44.3300 79.528 4,090 5.1428 INVESTMENT TRUST-UN RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 35.7100 428.520 22.200 5.1806 TROST4AD SIII SIRIUS SATELLITE RADIO INC CASH 1.000 3.2000 3.200 BSC RAW: STOCK PPACTOR NAY Anions RESEARCH RAMO: B TRAVELCENTERS OF AMERMA LLC TA CASH 200 38.4200 7.684 Total Equities& Options 54.329.349 5133.297 TOTAL EQUITIES 64,329.349 5133,297 YOuR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME 5133.297 YOUR PRICED PORTFOLIOHOLDINGS 54.794,752 021 01/31,07:06:43 COI CLVAIC TIROS ITS WHOLLY °NNW SIAMINARY arrr Sn,n trans. own cse 1M10AKe caster NOT H wy AA 2014140 JEFFREY EPSTEIN STATIONNT MOOD March 1.2007 WROLHAN March 30 2007 ACCOUNT NaaO1 MA'AM MAW On EN strosee Forum; 28.2007 EFTA01324738 alum TIROLGH AbOLvE [ono Snistav -n C in z r 8L095£00- 019- ANGS I8 b.) 00 --J O BEAR STEARNS OFECE SERVICING YOUR ACCOUNT Beat. Steams & Co. Inc. 383 Vao sec RVPrtue 6 ono Transaction Detail STATEUENI PIJ020 Mst I, 2007 nnxinl ;Arm 30.2007 ALCOUNT Mal TAARAVIR WC 00 Pb MONEY FUND ACTIVITY LAST Ammon Fetasty 222007 OAIE OEICRITOR meows cowry NICE con AMOJI0 cum mom MOW TRANSACTION 03/01/07 OPENINGBALANCE 439.135.57 03/01/07 DIVIDEND DREYFUS CASH MANAGEMENT-CA A mSTITuTOTAL SHOES DOOM 3.56929 /Amor OMOEND 03/01/07 REINVEST DREYFUS CASH MANAGEMENT.CL A DICDC 3269.69 3.569.99 INSTITUTIONAL SHARES DIVIDEND ROTOLST 03/13/07 BOUGHT DREYFUS CASH MANAGEMENT-CA A TACO 21,675 1.0000 21.675.00 INSTITIMONAL SHARES 03/15/07 BOUGHT OREYFUS CASH MANAGEMENT-CI. A DIE= 1,022.56 1.0000 1,022.58 INSIMATIONAL SHARES OV30107 CLOSINGBALANCE 465.403.04 TOTAL 226,267.47 13.569.89 DMDENDS Bev. Saws Stcuitn) Cop. On- C.M. Non BIS Nat et 20 NISI JEFFREY EPSTEIN CAN Of UMW. SVIAROLCOSP CONROY RAM IS) OMR MOAT CARGO WPM 03/13/07 JOHNSON& JOHNSON 1N1 57.800 0.3750 21,675.00 REC 02/27/07 PAY 03/13/07 03/15/07 PENNSYLVANIA REAL ESTATE NNESTIADIT TRUSTS& AEC 03/01/07 PAY 03/1 5/07 TOTAL 522.697.513 ff l 1.794 0.5700 1,022.58 027 COI EFTA01324739 I LL8ZZOO- V.L.43 C) 0 m C in r _ 6L09S£00 IND ANGS BEAR STEARNS MICE SERVICING YOUR ACCOUNT Bear, Sterns & Co. Inc. 383 Madison Avenue 10179 CLEARED THROVGN rte 'MOLLY ONNCO StitSO.ARI NNE Stirs Sean Cop Ora Nesth tarot wrin i w. a .aex at 20 MS JEFFREY EPSTEIN 7 caw Transaction Detail (continued) MISCELLANEOUS LNS• S'EEIVRN" FROGNIV 28.2001 art MCCOY TRINSICIION tr i t ciElla MOOR OCR MOM 03/30/07 03/30/07 JOURNAL JOURNAL FROMM./ 10,000,000.00 10.000.000.00 TOTAL 1.10.0003:00.00 $10.000.000.00 Your messages Oar Bear. Stearns Securities Cap. Net Capital and Net Capital Requirements: At November 30, 2006 and January 31. 2007. the Company's net capital of approximately $4.0 billion and $4.0 billion was approximately 6.8% and 63% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately S1.2 billion and S1.2 billion by approximately $2.8 billion and $2.8 billion. all respectively. A complete copy of the Bear. Stearns Securities Corp. Statement of Financial Condition is available on the web site vnnv.bearsteams.com. Alternatively. to request a free printed copy please call - toll free 1.866.299-9331. 02: Itar 2vEVEWNT PERO° meth troy hrovsn march 30. 2cm ECCO2In WARR "Ma TENPAVER wars, On FEB SPECIAL NOTICE FOR MARGIN CUSTOMERS If you are a customer with a margin account. you consent to Bear Steams's right to use, lend or pledge any securities held by Bear Steams in your margin account. In certain cicumstances, such loans or other use may limit, in whole a in part, your ability to recent dividends directly from the issuing company and/or your right to exercise voting and other attendant rights of ownership with respect to the loaned. sold or pledged securities. Such circumstances include. but are not limited to. loans of securities that you own in you' margin account that continue over record dates for voting purposes and ex-dividend dates for dividend distributions. If you do not receive dividends directly from the issuing company, you may receive payments-in-lieu of dividends which could cause you to lose the benefit of the preferential tax treatment accorded to dwidends. 012)0,43 001 2001 EFTA01324740 own° THROJGH ITS vartay 0•0420 SLOGOLARY O -n z C in z -H r 08095£00- 019- ANGS IS IJ 1,2 00 10 IJ BEAR STEARNS OFFICE STRYNANG YOUR ACCOUNT Bear. Steams a Co. Inc. 383 Madison Avenue New Yolk New York 10179 8 it it You are advised to promptly report any Inaccuracy or discrepancy in your account to your broker and Bear. Stearns Securities Corp. (-asst.) at the telephone numbers listed on the front of this statement. In order to protect your rights. Including any rights under the Securities Investor Protection Act CSIPA"), any such communications should be reconfirmed in writing to your broker and BSSC at the addresses which appear on the front of this statement. 077 UN. Scram &an en a acted'. Car Noll Hes Tart 117014159 JEFFREY EPSTEIN STATflCW1 PERIOD larch 1.2007 THROUGH MrCh 30. 2007 Ata Taal, MAGER On File IAat STATEMerf1 February 28.2002 NOTICE OF CHANGE PURSUANT TO TRUTH.IN-LENDING SEC RULE 1Ob-16 The purpose of this notice is to advise you of certain changes in the manner in which interest will be charged on any U.S. dollar-denominated credit extended to you by Bear. Steams Securities Corp. CBSSC') for the purpose of purchasing. carrying or trading in any security. Interest will continue to be based on either the BSSC Margin Basis Rate, or a London Interbank Offered Rate pUBORI as specified in the chart below, The BSSC Margin Basis Rate will be quoted each business day by BSSC at our main office in New York. Factors affecting the determination of the BSSC Margin Basis Rate will include the shortterm market Interest rates quoted by money center banks and the Federal Reserve and the rate that BSSC is charged for borrowing money. 00110/04.43 011 Ira EFTA01324741 flaZZOO-Vin O m cim H r T809S£00 IND ANDS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Sear, Stearns & Co. Inc. 383 Madison Avenue New York. New Yon 10179 Ear Effective no eater than thirty (30) days from your receipt of this statement: 1. The annual rate of interest charged to you on U.S. dollar-denominated credit nil not exceed the specified percentage over the applicable rate, as indicated in the following chart: riffta Vote Range Index tntoRd In IntIn Up to 5499999 Margin Basis + 3.000% 5500,000 - 5999.999 Margin Basis + 2.000% 51,000,000 - 52.499,999 Margin Basis t500% 52,500,000 - 54,999,999 UBOR + 3.000% 55,000,000 - 59,999.999 IJBOR + 2.250% 510.000.000 and above UBOR 1.750% Debits In currencies other than U.S. dollars will not be taken into account in computing the debit size for purposes of determiling the applicable interest rate. The rate corresponding to the debit she range In which your U.S. dollar denominated debit falls will apply to the entre amount of your U.S. dollar denominated debit. The actual rate charged to you at any green time will be notified to you on request. and the amount charged to you will appear on your monthly statements. o27 CLEARED nfROLJOH ITS vocaY 'YAWED SUBSCrARY Sot Sofro focroes Coif Oro Vopeleffi Coto tin s ot 11201.]•39 JEFFREY EPSTEIN Ennuref 9tRO0 March 1.2007 ogROuGH Worth 30.2007 AcCOVNT NOW3Eft TAXPAvER Kota On He LAS vetiver rebury 28.2007 2. Interest may be charged to your account at varying rates during the month to reflect any changes in such interest rates that have occurred during the month as well as any changes in the applicable rate caused by a change in the size of your debit balance. 3. The rate of interest Charged to you on any credit extended to you in a cunency other than U.S. dollars shall continue to be based on either (I) a LIBOR. as such rate is compiled by the British Bankers Association and published on Bloomberg or Reuters. a (O any other rate quoted by Reuters that is applicable to the currency in which the obligation is denominated or, if a rate for such currency is not quoted by Reuters. the rate provided by Bear Steams Securities' local bank. In either case. the annual rate of Interest on such non-U.S. dollar denominated debit will continue to not exceed 5% above either a LIBOR. any rate quoted by Reuters or the rate provided by Bear Steams Securities local bank, and will appear on your monthly statements. The actual rate charged to you at any given time will be notified to you on request and the amount charged to you will appear on your monthly statements. 4. Unless otherwise agreed. the BSSC Fed Funds Rate will no longer be an available option for computing interest. 01/3107 06 43 001 V003 EFTA01324742 UMW THROUGH 7117 "MOLLY 010710 SALSIDWAY tLL8ZZOOVL.43 0 -n C in r _ Z8095£00 IN9 ANGS BEAR STMRNS met SE MING YOUR ACCOUNT Beat. Stearn% & Co. Inc. 383 Madison Avenue 10179 10 e ID ter If BSSC makes changes in any of the credit terms and conditions described herein or if a change is required by law, we will notify you of such change within a reasonable period of time. unless such change results in the same or a higher rate to you, in which case we will provide you at least 30 days' prior written notice. The annual rate of interest you are charged may fluctuate with changes in the BSSC Margin Basis Rate. a LIBOR. any of the rates quoted by Reuters or the rate provided by BSSCs local bank. The changes in rates resulting from this fluctuation will be made without prior notice to you (as contrasted with changes in the credit terms and conditions, notice of which will be provided as deserted above). The Twill-in-lending disclosure previously provided to you shall continue to apply except as specifically noted above. End of Statement 027 03/3107:06,43 001 V001 Inc stem Sairtes Co. Ore Inirciedi Center wan Nat To* 11201.31S9 JEFFREY EPSTEIN reale!? MOOD Mardi 1.2007 ITACOSH March 30, 2007 ACCEVICI %Wee l in• TAXPAYER Wteet On Fie vaT srAlTIMIT Fetruery 28, 2007 EFTA01324743 5LL8ZZOO-V.L.43 TOiNaGUNO0 £8095£00-019-ANCIS BEAR STEARNS OFFICE SERVIES14 YOUR ACCOUNT Bear, Steams & Co. Inc. 383 Madison Avenue N YrM N York 10179 INVESTMENT PROFESSIONAL ZIEHERMAMIRA TELEPHONE VISIT OUR WEESITE www.bearsreamscom What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 6 Fund Activity Your Portfolio at a Glance TOTAL VAWE OF SECURITIES TITES PCJO00 4.490.126 MONEY MARXET FUND BALANCE 439.136 Cult 4 WASTE NET EQUITY Tie mato° 54,929.262 NET EQUITY LAST MODEM 6,147.679 caiNGE SWF LAST STATEMENT -1.218.417 There are no 'Stop Loss' ceders or other pending buy or sell open orders on file for your account. •"/ <ann. CN.ae v a:Ca reaM4 PT <NTT.. acum era!! 60,434.,4211 Or Medr a SpNces el kW Bkr• Panne. Of• thinimp Cn' hra limbo. NT D20,3034 CET WON Illrrrllrlrlrelelllilerleleeellnllerlrrlleellreleleelleleleel JEFFREYEPSTEIN C/0 FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK QUATER 8-3 ST THOMAS VI OO8O2-1348 Market Value of Your Portfolio S439.136 $1.423.448 $4,49O,126 SA.724.233 Current mew valve Last Materiel* Markel vase CLEARED THROWN ITS %WOLIN OWNED SVISORAY Mt SNOTS SNOWS COP Ofit lielPecli cave 16310 at 10 74.19 JEFFREY EFSTEfie STATEMENT PEROO Eettuary 1.2007 TERVX414 Fetruary 28.2037 ACCOLTO WYNN Illllllllllllllilllll! TAXPAYER MAMA Oil Fie LAST STATEMENT Unary 31.2007 gpc sunew3 eronnalcut 2D3mes !!! rtin0•0 as m manic. me netentra shed: be ra•SIC fte yto. rexem See MAO< 44 Ice MiXelan Tfamitca 01019? OS 17 D31 EFTA01324744 CLFARGD 'Morton rre aniCalr CYANID SLIISiOultv Saar Sown Sanwa*. Cap. Coe Werra. Cale Kati assitaat 11201.385.0 JEFFREY EPSTEIN 2 al 9LL8ZZOOV.L.43 0 0 Tz F I C in z -H r _ P8095£00 IND ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE C27 031014706:17 001 V006 EFTA01324745 LLL8ZZOO-V.L.43 BEAR STEARNS OFFICE SERVICIMG YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Mattoon Avenue New York. Nee Yoh 10179 Cash Flow Analysis TIC MII00 Income Summary DIG TEEM 'IAA 10 OWE OpeningBalance SO.00 Dtvderds 15.689.24 15. 724. 52 Monti Fuld 1.014.209.24 Total $15.889.24 515 724 52 DividerebAntetest 1.48000 0 Amount Credited $1.015.689.24 Portfolio Composition z -n Money Fund Funds Withdraw -15.689.24 -1.000.000.00 Cash/Cesh ECIUNISSNS EqUi907 439.138 4.490.126 Amount Debited 5.1.015.88924 C rn z J Closing Balance $0.00 Total $4.929.262 r _ S8095£00 IND ANGS 027 0101,07:0317 001 COS =cc TmAWON ITS VACLY CWIED EILMICARY Sec Sams Rafts Oem. Ore Weamech Car WM Cokin aer Tick 11201JFa9 JEFFREY EPSTEIN STAMAINT Pa= February 1.2007 TIMMS. tobnaly 20 2007 ACCOuNT MA— TACANIR MYNA On Fie LAST STATEMENT binary 31.2007 Your Portfolio Allocation Cash &Econ. Coutes 92% ISSN COSS SS as Smoi row Sort SIS P0s. IS Saes posts • SS bes Po SSW M41 .rw a Oa MSS EFTA01324746 8LL8ZZOO-V.L.43 m 0 m r _ 98095£00 IN9 ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNr Bear. Steams & Co. Inc. 383 Madison Avenue 10179 4 a: Your Portfolio Holdings CASH & CASH EQUIVALENTS CESCASPOON SYMOL/CUO0 DREYFUS CASH MANAGEMENT.O. A DCXX INSTITUTINAL SNARES ES!. 30 DAY AVG YIELD 5.1700% TOTAL CASH &CASH EQUIVALENTS coommy 439,135.57 Nal CITWARD Eallt0 10:22( MOW0.1. WOK YEW 00 1.0000 439,136 23.274 5.3000 9439.136 523.274 EQUMES CLEARED THROLOR ITS MOLLY ORNEE SUOSOVAR a Si..,.. Saes OF One It Cea Mon tn 11201.1149 JEFFREY EPSTEIN IIIATDAOrt PERIOD (*Mary 1.2007 imam rouvary 28.2007 ACCOU•Er %WEER IMOMENIP2 TAXPAYER µA!LR On Fie LAST STATEWEST lbRary 11. 2007 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Ana/pt. The key for the stock rating values is as follows: 0 - Outperform; P — Peer Perform; U Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO - Market Overweight MY/ - Market Weight; Mu - Market underweight. In cases where the BSC rating is present. the name of an independent. thidsarty research provider and their rating may also be displayed. where such research is available. The various providers use different ratings systems and have normalized them as follows: B — Buy; H — Hold S = Sell (this may not always correspond direcUy to the underlying rating system used by each provider or BSC). The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal, or investment advice. Bear Stearns is neither soliciting any action based on such information. ncr endorsing any recommendation or opinion expressed by any independent. thid-party research provider. The symbol indicates that continuing coverage of the subject company is tempi:only not available due to legal reasons. Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost. Customers can access this research at www.bearstearns.com or can call (800) 517-2327 to request that a copy of this research be sent to them. PISCROMX STIMOUCUS, ACCT MI Clan POOL IMIXET Ha esnuarto Ma MOLE csromne YOB lip FELCOR LODGING TRUST INC FCH CASH 2,000 23.5800 47,160 2,030 4.2409 COACHER REALTY TRUST-581 GRT CASH 2.000 27.8100 55,620 3,846 6.9148 MK PROPERTIES TR-SEll HRP CASH 10,CO3 12.9200 129,200 8,400 8.5015 HOSPITALITY PROPERTIES TRUST HPT CASH 2.003 46.0700 92.140 5,920 6.4250 Sal 027 0101.07.06:17 Oat KOS EFTA01324747 CLEARED .14105Oa WMO.LY 049.10 350394.4115. -n C in r L8095£00- 019- ANGS 8 00 IJ BEAR STEARNS OFFICE SERVICING YOUR ACCOuNT Bear. Stearns & Co. Inc. 383 Madison Avenue New Yak Nett York 10179 5 Your Portfolio Holdings (continued) Equities 8 Options (contirued) far DESCRIMON 5112101X2MP TIPP 0214IMIY WM/ Set MPS= MMUS& MOVE ESTMATED YIEID JOHNSON& JOHNSON JW CASH 57.800 63.0500 3.644.290 86.700 2.3791 BSC RATING: STOCK P/SECTOR SAW NED DAVIS RESEARCH RATING: B KN10O REALTY CORP KIM CASH 98 50.2600 4.925 141 2.8629 BSC RATING: STOCK &SECTOR mei GREEN STREET ADVISORS, INC. RAMC: S WAS WCENT TECHNOLOGIES INC LURAY CASH 235 0.1750 41 Cal 12(1042007 NAVARIT GOLD INC NYRTF CASH 19 0,5730 11 PENNSYLVANIA REM ESTATE PO CASH 1.794 43.1600 77,429 4.090 5.2823 INYESTmEM TRUST-SBI RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 3.5.7003 428.400 21.480 5.0140 TRUST.141) SIRIUS SATELLITE RADIO INC SIR1 CASH 1.000 3.6500 3.650 BSC RAMC: STOCK NSECTCR MW ATIANTIS RESEARCH RATING: B TRAVELCENTERS OF AMERICA :LC TA CASH 200 36.3000 7.260 Total Equities& Options $4.490.126 5132.577 TOTAL EQUITIES 54.490.126 5132,577 YOUR PORTFOLIOHOLDINGSESTimATE0 ANNUAL I NCOW_ 5155.851 YOUR PRICEDPORTFOLIOHOLDINGS $4.929.262 :10101:0511 CO1 Mr. ken Sttu9lei Cap. Dre 11tuotan 04•04 xmn armor. We. Yen 11201.3459 JEFFREY EPSTEIN StatIAINT 411000 innary 1.007 14ROUGH reteuery 28.2007 so:otter 91.443411 12.444403 00.45ER 5459 swarwria 9005 On Fie Jewry 31.2007 EFTA01324748 -n C in r 88095£00- 019- ANGS I8 IJ INJ 00 00 00 O BEAR STEARNS OFFICE SERVICVG YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison avenue MaiOft 10179 60 Transaction Detail INVESTMENT ACTIVITY SETTIDAVET MAX PATE GTE MENSAETKM OISCMPTIZIE SM.MCNVJEIS CNA/an 0205107 02/01/07 SOUGHT TRAVELCENTERS OF AMERICA tic TA 200 SPINOFF ON 2000 SIC HOSPITALRY PROPFRNES TRUST SPINOFF FROM SECO H408026 RFC 01126)07 PAY 01/31(07 TOTAL CRCS ELDRED naouar4 /rs wriCtar CIATED WM:DAMN Sar. 11w,. Mattes Co',. LM Metraerh Este NWT of 11201•38S9 JEFFREY EPSTEIN STATEssEhT PERCO ECCOME/ 1.2007 TIRO:row Fotroary 28. 200 / ACCOINT NAMES a imPAMER rissMEN Co FM LAST STATEMENT mnary 31.2037 0(80 MEOW CR103 AMOUNT DEPOSITS AND WITHDRAWALS CATE 02/14/07 FND RARE° MDMACT037268FNDSVARED TO AC PSC ElMa. NA C•309686 TOTAL S-1.000.000.00 170ANACnCH orscernas MIT MECUM CRE011 MOM 1.000.000.00 MONEY FUND ACTIVITY Wi EINGACIEN SMKILCAW COMM OM MAW CROW •MOU1/1 MICAS 02101/07 OPENINGBALANCE 1,423,446.33 02/01/07 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICD 14.209.24 INSITHRONAL SHARES MONTHLY IMMO 02/01/07 REINVEST DREYFUS CASH MANAGEMENTCL A iNSMIIIIDNAL SHARES OIC/OI 14,20924 14,209.24 INVICEND REINVEST 02/14107 SOLD DREYFUS CASH IMNAGEMENT-Cl. A DIM -1.000.000 1.0000 1.000.000.00 INSITHITCAHL SHARES 027 03/01/07,26:12 (01 1008 EFTA01324749 I 8L8ZZOO- V.L.43 C) -n C in r _ 68095£00 IN9 ANGS BEAR STEARNS ONCE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison ARMY! New York, New York 10179 7 11 7 Transaction Detail (continued) MONEY FUND ACTIVITY (continuod) CLEARED 114tOLKIN (15 1771.0t1. OMLD suestosonr me. Sarre Seantlef COWL One - Ceti" Mn Nasty, Fenno.% 11201.3559 JEFFREY MIEN STAID MT MHO THRUM 12007 T1910uCH Femurs 28.2007 Arnyta nARIER TAX•AVIR leetHER On rile LAST 511719510 197.12.17 11.2007 OAR MOON( TWZACTION Maar= SINICUeuMP WHIM PRCE 01911 AVOLP/T 02/15/07 BOUGHT DREYFUS CASH MANAGEMENT•CL A DICU 1.480 1.0000 1.480.00 NSTINTIONAL SHARES CREDIT &wan 02/28/07 CLOSINGEMLANCE 439.135.57 TOTAL 3.15.689.24 31.014.20924 DIVIDENDS OATS DESCINPIICM MAIOU0A• COWIN RAW (S1 02/15/07 HOSPITALITY PROPERTIES TRUST HPT 2.000 0.7400 S8i REC maw PAY 02/15/07 TOTAL OM AVOUNT CREDIT ATIOLN1 1.480.00 S1.480.00 STOP End of Statement 027 OV77070517 071 06 EFTA01324750 En IS IJ V.) 00 IJ 00 TOiNaGUNO0 06095£00-019-ANCIS BEAR STEARNS OFFICE SERVCING YOUR ACCOUNT Beer. Steams & Co. Inc. 383 Mason Avenue 10179 CILNWO 1,4804381 ITS AbONLY OVOCO SueSCANY Stir S'.r. Stooges CAT ab UstoUch Cane Pun teix*Syt New ICA l'.201.11b, 121711-1000 JEFFREY EPSTEIN MI-SIMI-NI PROF ESSEN* 2ICHERMAN.MA STATENENT Pomo December' 30. 2006 TELEPHONE /MCCAIN January 31, 2007 VISIT OUR WERSITE wmv.tearsteams.com What's In This Statement IIIIIIIIIIIII.IIIIlllll11111.Ill.IIllIluIll11lbillllll.1111.1 Financial Summary 3 JEFFREY EPSTEIN Your Portfolio Holdings 4 GO FINANCIAL TRUST COMPANY Transaction Detail 6 ATTN JEANNE BRENAN Fund Activity 6 6100 RED HOOK WATER B-3 Si THOMAS VI 00802.1348 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURMES DC PERIOD 4.724.233 MONEY MARKET FUND BALANCE 1,423.446 Ceti a feriaelere IC COMFY Ma PtIttOD $6,147,679 NET EOUDY LAST STATEMENT 9.719.773 Crania SINCE UST STATEMENT -3,572,094 There are no 'Stop LC65' orders or other pending buy or sdl open orders on file for your account. Erna P% noon Inv Olbrob obrApobt C abets c. Abet Mad As Tebbe, b yb. b OAP Sendai 62043.142* (I NS I8 08.1 Sworn ie Berne San rattan Cab. Ole MnSm CO.W N. Beech" 20 453 027 51 423446 55.051.800 S4,724,233 54.667.973 Current market vela MI Last Statement's markt value ACCOUNT raJMIER =NM TAXPAYER meant On Fie tar 'TATO/CPT December 29, 2006 gi n*. suneary is Ice Otembenbparpiebt Oat/. CRAM Teloatl PI 8 MX Winn , Tim flatterer mom 14 ranee to yar melt SAO Itars• WO be keen-art oftenatlel 02/01.07:06.16 001 '004 EFTA01324751 f:SLSZZOO-Vid3 0 z m cim z H r T6095£00 IND ANDS STATEMENT BACKER IS PRINTED ON THIS PAGE 021 0201*7:06 If CO1 VC04 EFTA01324752 CLEAREO T.4001.01 ITS WMOLLY NNW SuBSONRY to 8 b.) 00 00 00 0 0 z m C in z r Z6095£00- 019- ANGS BEAR STBIRNS CO10E SERVICerG YOUR ACCOten Pear. Stearns & Co. Inc. 383 Madson Avenue N rgY r% York 10179 Cash Flow Analysis IlaS /MOD Income Summary nos Prall00 MA moat Openingealance $0.00 Dividends 3S.28 35.28 Money Fund 4,523,910.27 Total $35.28 $35.28 Funds Deposited 838.758.97 DividerdsAnterost 8.966.88 lAiscollanyous 10.000.000.00 Portfolio Composition Amount Credited $15.371.646.12 CaslVCash Equivalent 1.423.446 EtPdies 4.724.233 Money Fund .871.646.12 Funds WitxtaAn -4.500.000.00 Total $6.147.679 Miscellaneous .10.000.00040 Amount Dedted $.15.371.646.12 Clmg 8artoe SO.® 02)0701:3616 WI \CC`4 Bev. Sun Secultas rum. Oft mama" On Nag .4evran 71201.3659 JEFFREY EPSTEIN Surnsica PEROO OeConact 30.2006 naqqo January 31. 2037 Mtn. INT Mallet Tart* Nada On FM LAST STATDADIT Decants 29.2006 Your Portfolio Allocation j Cash 4 Equvaknt 24% Equtos 76% 1.14.4b. wive de o* C•44 Wino arab ton If ate. .gas TP• abate, pniebog• • Oto.e0 Inn Po atsChle row -an or ny Iayeae EFTA01324753 58L8ZZOO- V.L43 0 r l TZ m r _ £6095£00IN9 ANGS BEAR STEARNS MEE SavICING YOUR ACCOUNT Beer. Stearns & Co. Inc. 383 Mac eon Avenue Milo* '0179 4 Or. Your Portfolio Holdings CASH & CASH EQUIVALENTS Dt300,110N SWOOLOCUSP DREYFUS CASH MANAGEMENT-CL A DICXX INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 81600% TOTAL CASH 8. CASH EQUIVALENTS O.61wn-r 1,423,446.33 WASET MATEO 1301100) PItte VW" MINA PCOW HOD IV 1.0000 1.423.448 75.443 5.3000 S1.423.446 $75,443 EQUITIES O.-EatO TIROUGH ITS WeOtlY OW!: SUIPSOARY bar SSW% SIPOMMIS CaP Oft Ihereiout Cat, ren, /000.. Nett 130 11201-3$39 JEFFREY EPSTEIN ststtea PIM= 0000Mbtf 30.2006 ThOicoan January 31.2007 AC !NWT WISER Taut% MAMA On Flo oda evArewere Coombe 29, 2006 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values Is as follows: 0 - Outperform:P. Peer Perform:LI Underperform. The second rating represents the rating W the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight: MW — Market Weight: MU Market underweight. In cases where the BSC rating is present. the name of an independent. third-party research provider and their rating may also be displayed. where such research is available. The various providers use different ratings systems and have normailted them as follows: B Buy: H = Hold: S — Sell (this may not always correspond directly to the underlying rating system used by each provider or BSC). The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal or investment advice. Bear Stearns is neither soliciting any action based on such information. nor endorsing any recommendation or opinion expressed by any independent. third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent. third-party research on certain companies covered by the Frm's research is available to customers of Bear Steams at no cost. Customers can access this research at voivw.bearsteams.com or can call (800) 517-2327 to request that a copy of this research be sent to them. waRI01 ORIVARD Ulla= OBOWIION 50.4000.101. 114E Quoin Kier vuut Mast WOK YonD Oa FELCOR LODGING TRUST WC FCH CASH 2.000 22.0700 44.140 2.030 4.5310 CLINCHER REALTY TRUST-SW GRT CASH 2,000 28.2600 56.520 3.846 6.8047 HRPT PROPERTIES TR-SEll HRP CASH 10.000 13.0200 130.200 8.400 6.4516 HOSPRALITY PROPERTIES TRUST HAT CASH 2.000 48.8000 97.600 5.920 6.0656 SBA 027 030103ale 001 YON EFTA01324754 98L8ZZOO-V.L43 0 -n C in z r _ V609SECIO IND ANGS OFFICE SERVICING YOUR ACCOUNT MARIO 130030, ITS N1o3u, EvoNED EAASSOARY Hew. Steams 6 Co. Inc. BEAR 383 Madam, ARMY* STEARNS irlikat ek 10179 Pow 511aM ScOstoes Coop. (Re Retouch Cane NET air maM 201 3859 JEFFREY EPSTEIN 5>9 STATEMENT PER100 DeCembe 30.2006 n-OUCH .Insy 31.2007 Your Portfolio Holdings (continued) MOO NT %Witt TAXPAYER RAMER On Me Equities 8 Options (OontInued) NET STATERVT DECRITIECt 29.2006 ma CESCItERICH VW/0ms. min Comm PIKE HA= wax wawa) PAS raaart MUTED NEW IIK) JOHNSON& JOHNSON JNJ CASH 57.800 66.8000 3.861,040 80700 2.2455 TWG: STOCK P/SECTOR NE0 BSC DAVIS RA RESEARCH RANNG: B MACO REALTY CORP KIM CASH 98 49.8000 4,861 141 21006 BSC RATIC: STOCK 0/SECTOR /4W GREEN STREET ADVISORS. INC. RAMC: $ WS LUCENT TECHNOLOGIES INC Lowe CASH 235 0.1900 45 DIP 12/10/2C07 NAYARIT GOLD INC NYRTF CASH 19 06640 13 PENNSYLVANIA REAL ESTATE PEI CASH 1394 42.7000 76.604 4.090 5.3391 DivESTNENT WUST.SBI RAMC° GERSHENSON PROPERTIES RPT CASH 12.000 37.4600 449.520 21.480 4.7784 1RUST4AD SBI SIRIUS SATELLITE RAM INC MI CASH 1.000 3.6900 3,690 MC RATING: STOCK ASECTOR MW ATIANT6 RESEARCH RAMO B Total Equities& Opticos 54.724.233 Si 32.577 TOTAL EQUITIES $A 724,233 $132,577 YOUR PORTFOLIONOLOINGSESTIMATED ANNUAL INCOME 5208.020 YOUR PRICED PORTFOLIOHOLDINGS 56.147.679 C2: 32.C. 0706.16 031 V004 EFTA01324755 L8L8ZZOO-V.L43 BEAR STEARNS OFFICE SERVICAU YOUR ACCOUNT Bear. Steams 6 Co. Inc. 383 Madison Avenue New York New York 10179 =MEN fl ow. r73 ?mow OWNED SuBSOMItY Dear kers WOWS Cup. AN lieretech Come INN/ Bototlyet New et 20 3 JEFFREY EPSTEIN 6 Cr e Transaction Detail DEPOSITS AND WITHDRAWALS DATE TRM.13AC1)0N OfSeRPION OtW /Ansa MOT WIlT 01/05/07 ENO WIRED MDAOCT017322ENDSWIRED TO BANK. NA C•282003 1.500.000.00 0 01/10107 FUNDS REC FNDSWIRED TOCMBANK FROM 838.788.97 01/11/07 END WIRED MDASMB355952FNOS WIRED TO 1,000,000.00 -n EtANK) NA FD/004472 01/22/07 END VARED MDA MB361145FNOSWIRED TO 1.000.000.00 C in 01/29/07 FND VANED SE BANK NA A FDP04284 MOMEMB365572FNDSWIRED TO SE BANK. NA 1.000.000.00 A F0005322 TOTAL S-4.500.000.00 5838,768.97 MONEY FUND ACTIVITY r _ S6095£00 IN9 ANGS rerEuE31 PER,30 December 30.2006 THROJON /Wary 31.2007 CPENANT SPIOORR TAXPAYER erteetieli Cr, Tie twsr sTATMENT DOCernber 29.2006 DATE INIDAY NU/4CM INLSOOPNCel SIA3OUCLGIP OUNITIN DOT MORO CAM MOM 12/30/06 01102/07 01/02/07 01/03/07 REINVEST OMDEND BOUGHT OPENINGBALANCE DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SNARES DMDDM REINVEST DREYFUS CASH MANAGEMENTCL A DISTIRMONAL SHARES AMT INCWDED 142006 -1099 DREYFUS GSM MANAGEMENT CL A 9151111.10)40.1 SNARES 027 MCA DICE/ DICOC 5,051,800.21 23,910.27 5.370 02010070616 COI 1.0000 23,910.27 5.370.00 NM. 21910.27 EFTA01324756 88L8ZZOO- V1.43 0 0 m C in r _ 96095£00IN9 ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOuNT Bear. Szeams & Co. Inc. 383 Medium Avenue New York. New Tat 10179 7 re Transaction Detail (continued) CLEARED THROWN ITS MCJ.V OWNED SueSOPAY Per. Swims Startles Cap -Genie WV. tecetr. lies RA 11201.3134 JEFFREY EPSTEIN STAliPAINT 171400 DROPTOSt 30.2005 THROWN January 31, 2007 AMOUR PUMPER TAXPAYER POW On Tie MONEY FUND ACTIVITY (contated) 011E MOAT 11bVISACSON DESCEIFOOS SRAIOLAILSIP RAM LAP nmoNNT Dew, L. 29.2006 DOT AMUR CREW AMOUNT 01.05/07 SOLD DREYFUS CASH MANAGEMENT-CL A DIO0c 4,500,000 1.0000 1.500.000.00 INSflTUTCNAL SHARES 01171/07 BOUGHT DREYFUS CASH MANAGEMENT-CL A DM30f 838.768.97 1.0000 838.768.97 INS-THERMAL SHARES 01/11/07 SOLD DREYFUS CASH MANAGEMENT-CL A RICA -1.000,000 1.0000 1,000,000.00 INSTITLRENAL SHARES 01/16/07 BOUGHT DREYFUS CASH MANAGEMENT-CL A 985.88 1.0000 996.88 DisimmoNAL SHARES 01/22/07 SOLD DREYFUS CASH MANAGEMENT-CL A -1.000.000 1.0000 1,000,000.00 INS1IW00NAL SHARES 01/29/07 SOLD DREYFUS CASH MANAGEMENT-CL A DICAf -1,000,000 1.0000 1,000,000.00 INSTHUTIONAL SHARES 01/31A)7 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICDC 2.600 1.0000 2.600.00 INSMURDNAL SHARES 0444 01/31/07 CLOSINGBALANCE 1.423.446.33 TOTAL 5-871.646.12 54.523, 910.27 DIVIDENDS DAR DESCASION symmuCesP OUANTITT tun cs) OM Mann MOP ay 01/02/07 RPJACO GERSHENSONPROPERTIES RPT 5.370.00 TRusT-me SRI CASH oN ON 12000 SHS MC 12/20/06 PAY 01/02/07 AmOUNT MCUXED ON 2C06-1099 01/16/07 KIMCO REALTY CORP KIM 98 0.3600 35.28 MC 01/02/07 PAY 01/16/07 on 02.101/07116c10 001 SCO4 EFTA01324757 Cr1 8 IJ 00 -J 00 Cf fief SERVICIPG YOUR ACCOUNT BEAR fleet. Steams & Co. Inc. 383 Macia0n Avenue STEARNS New York New If 10179 a cto Transaction Detail (continued) DIVIDENDS (continued) 0.FARED TaRDJON rrs Wwaxy DAN® SUOSIONRy NY Saws StOattet CDR. Ono LIKR4ech One NUM Rao Pen 112014459 JEFFREY EPSTEIN STATNIENT PERIOD December 30.2006 natans krua-7 11.2007 ACOCON %OMER TAXPAYER MIRE* On Me ENT STANDEN December 29.2016 C)0 -n pm DESCREDON SIINOUCUSIP CWNIIV MN IA DINT Al/CON1 ENDO NNW 01/16(07 GLPACHER REALTY TRUST-SRI CASH OW ON 2003 SHS REC 12/29106 PAY 01/18/07 AMOUNT INCLUDED ON 2006-1099 01131/07 FELCOR LOOGING TRUST INC CASH MY ON 2000 SHS REC 12/29(06 PAY 01111/07 AMOUNT INCLUDED ON 2006-1099 01/31/07 HRPT PROPUMES CASH DM ON 10000 94 REC 12/29/06 PAY 01111/07 AMOUNT INCLUDED ON 2006-1099 GRT FCH HRP 961.60 600.00 2100.00 C in TOTAL $8 966 88 MISCELLANEOUS r L6095£00- 019- ANGS DAN LOON 1RMSJC1U CESCIRPROM CENT Mara CRIER NOM 01/30/07 JOURNAl. 10,000,000.00 01/30/07 JOURNAL FROM 10400.003.00 TOTAL $-10.000.000.00 110000.000.00 End of Statement 027 07.010706.1. 001 1004 EFTA01324758 CONFIDENTIAL SDNYG,00356098 FFI'A_0022879D EFTA01324759