EFTA Document EFTA01320897

Statements CONFIDENTIAL SDNYG,00350710 EFTA_00223402 EFTA01320897 En 8 0 z ii C in z r VELOSEOCIN9- ANGS BEAR STEARNS CifICE MEWING YOUR ACCOUNT Bear. Steams b Co. Inc. 383 Morison Avenue Now York. New York 10179 ACCOUNT EXECUTIVE GNMA GOVT BONO VISIT OUR wESSITE vAsw.bearsteams.com What's In This Statement Ilmll...I..1,1I I I Financial Summary 3 FINANCIAL TRUST CO INC You' Portfolio Holdings 4 C/0 JEFFREY EPSTEIN Transaction Detail 7 6100 RED HOOK QUARTER Trades Not Yet Settled 13 STE 83 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VAWE OF SECURftES THIS PERIOD 11.218594 LONG ACCRUED INTEREST 112.288 NET CREDR BALANCE 732,186 cash s Eouvalent P12417 43.9 2 5. 5186 NET EMMY THIS PERIOD $12,063.068 NET EQUITY UST STATEMENT 11.991.065 CHANGE SINCE LAST STATEMENT 72.003 There are no 'Stop Loss' orders or Other pending buy or Sell (*eh orders on Me for your account. xed Income 111.218.594 511.635.695 Curet matte, vibe LA51 MAtemerICS market Vale AWARD) ThetOLA3m iivnOLLY OrnED SaA0Nrir Am Sten Secultes Cap. One vsoomen Cerny NAM &ea& Nem at 20 UN 12123 2/2.1000 FINAteik TRUST CO INC STAMMINT ream 0•COIViber 1.2004 2141002. December 31.2004 AOCOANT Nubile Texemill Nue On Fie WT STATDCIT November 30, 2C04 Si c Tbse.. .nee is be nvernainNi Armes Pty. erale ra W d BS Oxisiwit Tv. ststentit *wad be tk* la yr), needs Sea issIn• bd. Ice rya tar. Wane. 02' 0125N0522219 col Important Message If any idormation resorting 2004 interest. dhlt19903. MiSeehintOuS 41e0019, gran proceeds or original issue discount 6 reduced to be reported to the IRS for this account. a Coniolidatod Form 1099 will be navel to you by January 31,20050r a 1042Sby March 15.2005. no, 49. La EFTA01320898 Cinat.0 THROInn IS WHOLLY OVO4.0 SIAISCORy Saw Smarm S.ont Cap. Crie Mesacch Cern Wei &me110. Nor Yon 11201.3859 FINANCIAL TRUST CO INC 2 C) -n C rn z -H r ZILOSE00- 019- ANGS 8 IJ IJ STATEMENT BACKER IS PRINTED ON THIS PAGE 027 01/01103,00:111 001 2010 EFTA01320899 ITO IS b.) O.) La BEAR STERNS OFFICE SERVICING YOUR ACCOUNT Bea. Steams & Co. Inc. 383 Medium Avenue New York. New Yak 10179 3 ir Cash Flow Analysis "IS Puce Income Summary 7145 Puna0 'OR TO ant Opening Balance S244,955.43 U.S. Gen. Bond nt. 45,415.52 457,036.03 Securicks Soil 238,379,521.16 Govt. Agency lit 621,692.32 9.868.014.97 Corp. Bond Int 138.644.11 2.156.335.84 DMdexhAreerest 80634089 Credit Balance int. 988.14 2.010.60 Amount Credited 5237.186.261.25 Reverse RepurChaSe Int. 69.020.66 393.635.39 Securities Bought -238,520817.46 Total 5875.760.75 312.877.032.83 ii Owiderelsitnterest Charged Miscellaneous .177.712.91 .400.00 Bald Purchase Int. Margin int. Paid .17731281 0.00 -1.555.564.82 .2.023.40 Reptechase nt. Erp. -6,104.96 -223.899.19 C rn Amount Debited Net Cash Acdelty S-236.699.030.37 487.230.88 Closlrg Balance $732.186.31 Portfolio Composition CaslvCash Equivalent 732.186 Food Income 11.218,594 r Cash Balance Summary Omen C7OSN0 Total 311,950.780 EILOSEOCIN9- ANGS Margin 244,955.43 732.186.31 Net CashBalance 5244.955.43 $732,186.31 027 0'91,05 :39 19 101 came) n4toann rts nmotty onten SueslOWEY kit Urn Stolle) Carp. Ore Veratech Cott Win Roder. New Tot 11201.31$0 FINANCIAL TRUST CO INC STAlarxr IMMO DOCeTter 1.2004 TratOLCH DKenter 31. 2004 ACCOLM? muiete TNOANIR WOOER CO rib {AST STATnitYY Okuerter 30.2004 Cana Your Portfolio Allocation race tame 94% u..•aa< 'aloes ann. 0.61.Witne .at. mint" ww. nit aocoltri [swap, a aned ivrr he awe).* mark* i.e o erV MO* EFTA01320900 m C in r VILOSE00- 019- ANGS IS IJ La IJ BEAR STEARNS OFFICE SERYCING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madsen Avenue • York. New Yak 10179 4 of i. Your Portfolio Holdings CASH & CASH EQUIVALENTS DESORPTION CASH BALANCE TOTAL CASH & CASH EQUIVALENTS SruEIOUCUSP QUANTITY PleCE Watt( (STATED CLAW° VAIL1 ROAM 1110:04 'Inn on 732.186 S732.186 FIXED INCOME =ARAD TSINC404 RS Maar CrewED SvaDVARY Rea. beam Stones Cm. Cne UtnAch C Nosh tseekNn. Nye Vert lotn2asa FINANCIAL TRUST CO INC sTA/Esesr- "[moo DROMME 1.2004 TWCWN Doarnte 31.2004 ACCOa+T wag tkspArER %war" On Fie LAST ST ATPAPC ;Warty 30. 2004 Government & Agency Obligations DESORPTION STUD:VCRS. 1D l ME OUNIMY PRICE WNW SIAM ACCRUED INTERCO ESTROAIDD ANNUAL OCOLE CURRENT MID DEI FEDERAL HOME LOAN MTG CORP 31393FAF3 MRGN 15.528.072 9.7376 1.512.056 34.488 775.938 51.3168 SERES 2530 CUSS SE DATED DATE 10111402 BOOK ENTRY ONLY DUE 02/15/2032 4.997% FACTOR - .25880121 FEDERAL NOME LOAN MEG CCRP 31393W/86 MRGN 6.660.811 8.8299 588144 13.610 306,197 52.0616 SERES 2526 CUSS SI DATED DATE 10/01/02 BOOK ENTRY ONLY DUE 02/15/2032 4,597% FACTOR .25880120 FEDERAL NATIONAL MTG ASSN 3138FAL01 MRGN 3.787.124 83.3594 3.156.923 3 38 0.0012 STRIP MTG SUES 322 CL PO DATED DATE 03/01/02 BOOK ENTRY ONLY CUE 03/01/2032 .001% FACTOR - 1.000:00o0 FEDERAL HOME LOAN MTG CORP 313927662 MRGN 13.405.702 8.4119 1.127469 27.389 816.260 54.8490 SERIES 2483 Cl Sl DATED DATE 07/0202 8COK ENTRY ONLY DUE 03/15/2032 4.597% FACTOR . .21239523 CRS 01 /014440114 001 7047 EFTA01320901 BEAR STEARNS Ornct SERVO% YOUR ACCOUNT Bear. Steams & Co. Inc. 363 Mad6on Avenue New York. New Yolk 10179 5 at 14 Your Portfolio Holdings (continued) Government & Agency Obligations Cconurmorn OtSCISION SilASCLCL60, ACT 1171 etwany PROM MARKS VALK ACCRUED OVNINST CSTRMICO AMNIA trY,CAN LURK'S' Irra) OL. FEDERAL NATIONAL MTG ASSN 31393C2C6 IARGN 14.098.699 9.1979 1.296,788 10,769 646.002 49.8155 SERIES 2003.49 CLASS SW DAZED DATE 04/30.03 80014 ENTRY ONLY DUE 01/25/2033 4.582% FACTOR - .58003204 Total Goyernment&AgencyObligetIOns 57.681.580 586.258 52.344.435 -n Corporate Bonds C rn DESCRIPOON SYLIBOLCUSS ACCT DTI 0.10arTY PDC" NANDI VALE ALCOVED WREST ESINATED AWOL SCOW( 0.119INT MELD MO PAM MAE CMO7SERIES 2003-13 313927062 MRGN 27.982.611 12.6400 3.537.014 26.030 1.561,989 44.1612 S RCR.I0 FLTR DATED DATE 02/25/03 BO% ENTRY ONLY DUE 03/25/2033 5.582% FACTOR - .55965223 Total Corporate8onds 53,537,014 526.030 51.561.989 TOTAL FIXED INCOME 511.218.594 5112.288 53.906.424 r .LNICD 714SOUGH as wHa.LT °AWED SLISSOARr Ur. Downs Seortes CDR. Coe EKED)-Corm Matti Oi Net rat 11201.3559 FINANCIAL TRUST CO INC STATFJARNT PON.00 OWNS 1.2004 1NPIDN't DOCOvnber 31, 2004 ACCOUNT %OWED RATVAYER WARM 0n NA LAST STATENEW NalLNISTOr 30. 2004 STLOSE00- 019- ANGS I8 b.) IJ YOUR PORTFOLIOHOLDINGSACCRUED INTEREST $112.288 YOUR PORTFOLIOHOLDINGSESTIMATE0 ANNUAL INCOME 53.906.424 YOUR PRICEDPORTFOSIOHOLOINGS 511.950.780 027 ONOTOS:09 10 COI W367 EFTA01320902 MGM 'WOW., ITS mat", 0.240 Slatean 80tEZZOO- V.L.43 BEAR STURNS OFFICE SERVICING YOUR ACCOUNT Beet. Steams & Co. Inc. 383 Mason Avenue New York. New York 10179 6 « •m Repurchase and Reverse Repurchase Transactions with Bear,Steams& Co. Inc. outstanding as of date of statement Bev Awn Scent On OY Iltoor Censer 1l0.0 ran 11201.3869 FINANCIAL TRUST CO INC STATUS/ 4T PEF600 0604.1ter 1. 2004 7100A0.0 Dectmber 31.2004 ACCOUNT KA48E, TAXPAYER 0J10)(9 On Me LAST S'ArEmer Ncw-ber 30. 2204 R.CIAASE/ REDURDIASIE PRI218G START DATE DATE RAIZ WO S! Mai MINCH% AtailJED REPO 110ERESt• WWII?! 643E /MOUND OAP OtSCRIFDDN YOU PROVIDED FEDERAL HOME LOAN MTG CORP (MARGIN) 09/15104 OPEN 0.000 -50000.030 313927/32 SERIES 2488 CLASS SO 5.5975 03/15/32 0 z ii YOU SOLD (REPO) 10/12/04 01/10'05 2.260 YOU SOLD (REPO) 10/14/04 OPEN 0.010 -9.478.000 •1 -49.385 -50,000,000 -44.389,962 3128CVUG7 38374FCM4 FHLMC• STPJP PRINCIPAL ONLY GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-2 CLASS S 4.7931 01/16/34 C in YOU SOLD (REPO) 12/22/04 01/13)05 2.610 -2.500.000 -2.175 -22.100.000 38374F067 GOVERIOAENT NATIONAL MTG ASSOC SERIES 2004.5 CUSS P 4.540002120/33 z J YOU PROVIDED NAMPO 12/2204 OPEN 0.000 -21.900.000 38374FD87 GOVERNMENT NATIONAL MTG ASSOC saws 2004.5 CLASS P 4.5400 02/20133 YOU BOUGHT USTR 3.000012/31106 (REVERSE) 12131834 OPEN 1.420 75.000.000 8,875 75.000.0O3 912$280F4 r TOTAL REVERSE REPURCHASE TRANSACTIONS $75.000.000 38875 TOTAL REPURCHASE TRANSACTIONS 3.11.978.001 3.51.560 _ 9TLOSECIO IN9 ANGS 'As 0 stativnert dole 027 012211054118 COI 5167 EFTA01320903 0 -n rn r LILOSE00- IA19- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. bc. 383 Madison Avenue New York. New York 10179 CLEARED ~Coen as vi503.LY OWNED SutSCCARY Bear. Steams S•oåme Cow. Cat Meliacch ewer Nali eØ Mew yore 11101,3859 FINANCIAL TRUST CO INC Breen/85T 99.010 Docents 1.2004 Transaction Detail INVESTMENT ACTIVITY ~Ern mot OAIE OAR 181115ACTION DESO.TON Sisearcus• GUMMY N80~ 5Ce05/47 MSS, to,e9AKR re.ealni usr 811.13/10rt Of en AMOUNT OeCtente 31.2004 On Fie NOolifte. 30.2034 CPIDIT APSDUMI 12)08(04 PRINCIPAL FEDERAL NATIONAL MTG ASSN 3136FALQ1 -123.651 STRIP MTG SERIES 322 CL PO 0 07,1 DUE 0301/32 PRINCP AL REDUCTN 12-25-04 12/15/04 PRINCIPAL FEN. HOME LOAN MTG CORPPS02884 SEMES 218 CL PO 3128CYUG7 368.807.00 DUE 02/01/32 PRIN RID 1144 PM 12-1504 REPO P II I 0.0000 12/15/04 PRINCIPAL FEDERAL HOME LOAN MIG CORP 31392113E2 -374.568 SERIES 2483 CL SL 4, DM 03/1502 019_ PRINCIPAL RECUCTI412-15-04 12/15/04 PRINCIPAL FEDERAL HOME LOAN MUG CORP 31393FAF3 -481,479 SERFS 2530 CLASS SE 5.310 ME 02/15/32 PR1NCPAL REDUCTN 12-15-04 12/15/04 PRINCWAL FEDERAL HOME LOAN MEG CORP 31393F086 -206.532 SERIES 2526 CLASS SI 4.910 DUE 02415/32 PRINCIPAL REDUCIN 124544 12/23/04 12/22/04 SOW UNITED STATES TREASURY NOTE 912828009 -25.000.000 99.75000 24.937.500.00 DUE 11/302006 02.875% IAN 31 SPECIAL INSTRUCTIONS ACCR. INT. 45.415.52 YIELD 3 008 % TO MATURITY 61/ER RE, 103575065 A3 %WEB 12/27/04 PRINCIPAL FEDERAL NATIONAL MIG ASSN STRIP WS SERIES 322 CL PO 3136FALQ1 123,651.00 0.001 DUE 0301132 PRINCIPAL PAYMENT 1225.04 12/27/04 PRINCIPAL FANME MAE CMO/SERES 2003.13 31392/082 -603,803 S RCR40 FLTR 5.820 DUEAL 034503 NW, REOUCTN 12.25-04 027 01/01.05:0911 Wt VOW EFTA01320904 =JAW InteuGn fl *wow Eat StaSIDaRy 0 I tfra ZOO- Vida BEAR STEARNS OFFICE SERVICING YOUli ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Menus N eY Y 10179 8 au Transaction Detail (continued) INVESTMENT ACTIVITY (continua& SETROADFT Mt! OAR OAR tendSCION DESCOPTION STIMO-CUSIP OUMIMY IMF 12127/04 PRINCIPAL FEDERAL NATIONAL MTG ASSN 31393C2C6 -304.219 SERIES 2003-49 CLASS SW 4,820 DUE 01 /25/33 0 12/30/04 12/29/04 BOUGHT PRINCIPAL REDUCTN 12.2544 UNITED STATES TREASURY NOTE WE 11/30.2006 02.875% MN 31 SPECIAL INSTRUCTIONS 912828009 25,000,000 ACCR. NT. 99.59375 YEW 3,094 % TO MATURITY -n 12/30/04 12/29/04 BOUGHT GVER RU Le 63544702 61 1W/E8 UNITED STATES TREASURY NOTE 912828009 50.000.000 99.59375 C in 12/316)4 12/29/04 SOLD DUE 11/30/2006 02.875%. LIN 31 SPECIAL INSTRUCIENS YIELD 3.094% TO MATURITY GVER REF 163644702 A3 %WEB UNITED STATES TREASURY NOTE 912828064 ACCR. MT. 45,000.= 99.76139 12/3 03.0S0% JO 30 DUSPEC IAL I E NS TRuC 112008 MU) 3,124 870).4%8mn i CAR REF • 63644700 83 YAWS 12/31104 12/29.04 SOLD UNITED STATES TREASURY NOTE 9128280F4 -50,000,000 99.76139 r _ WE LOSE00 IND ANC'S 12/31/2004 3. SCuE PEaAL resTRucn0oNS003% JO 30 YIELD 3.124 %10 FAARIRITY CVER REF a 0164 4 ?CO AS ?AYES Oen. an Saute Cop. ON Manach TAM Eiroahn et at 20 -31150 FINANCIAL TRUST CO INC STATEFADIT PECe00 Detente 1.2004 •wtsm Deeente 31. 2004 ACCOunT TAIMAYER noun, On Fie LA$T SFAFEI4Va NOWM044 30.2004 efAC ;Ate° 011ea AlIOLP41 24,898,437.50 59,237.64 49.796.875.00 118.475.27 24.940.347.50 49,880,695.00 TOTAL S-74.873.025.41 $100.296.416.02 INTEREST DATE OlISCRIDOX SnalOUCUSP oumarr RUE Og OM MaCall CAM MOUNT 12/01/04 AVG BAL 405.430RT 1.280 425.84 021 OFFICE MEREST 1104 023 0101/06.10000 001 14107 EFTA01320905 I In:Z.-COO-Via 0 0 m C in r 6TLOS£00 IN9 ANDS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams .1 Co. Inc 383 Madison Avenue rk 10179 Transaction Detail (continued) CLEARED ThAOJCM ITS LWOW" OVOCC SURSELARY BUT Sten Sans CND One Meuctath c4/1:. Aber fir"Mn. Mom YD. 1120/4858 FINANCIAL TRUST CO INC STATEIFIVT PCMOD December 1.2004 THROuCAL December 31. 2044 ACCOUNT MAYER TAATTAVER TEASER On Fie INTEREST (contInts0 LAW STANDOENT 140•11MINI 30. 2004 DAN Runt ETPAIOUCUSIP tummy WE 04 DEBT Weal CRUM MOM 12/15/04 FEDERAL NOME LOAN MTG CORP SERFS 2483 CL SL 31392T6E2 4.9100 56484.27 DUE 03/152032 4.910 INTEREST PAYMENT 1245414 12/15/04 FEDERAL HOME LOAN MEG CORP SERFS 2488 CLASS 50 31392T132 5.9100 58.926.32 WE 03/15/2032 5.910 KT RA 11-04 RD 12-15-04 REPO P II I 5.9100 12/15/04 FEDERAL HOME LOAN MTG CORP SERIES 2530 CLASS SE 31393013 5.3100 70.842.27 OUF02115/2032 5.310 INTEREST PAT/WIT 12-15-04 12/15/04 FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI 31393FG86 4.9100 28.098.88 DUE 02,16/2032 4.910 INTEREST PAYMENT 12.15.04 12/16/04 GOVERNMENT NATIONAL MTG ASSN SERIES 2034-2 CLASS 58 38374FCM4 5.0980 173.322.19 DUE 01/162034 5.098 Pa PAD 12-04 /0012-15-04 REPOP&I 5.0987 12/21/04 GOVERNMENT NATIONAL MTG ASSN SEWS 2034-5 CLASS PS 38374F067 4.5400 176.366.67 WE 02/222033 4.540 NT RiD 11-04 PA) 12-20-D4 REPOP&I 4.8100 12/27/04 FANNIE MAE CMO/SERIES 2003-13 $ RCR-VO RTR 31392JDK2 5.8200 138.644.11 DUE 03252033 5.820 141txt.st PAYMENT 12-25-04 12/27/04 FEDERAL NATIONAL MID ASSN SERIES 2003-49 CLASS SW 31393C2C6 4.6200 57451.72 WE 0125/2033 4,820 INTEREST PAYMENT 12-25-04 027 0101/061014 001 VDS7 EFTA01320906 =ARCO TNRCUSH wyCLI. OANED SUSSOPAV -n C in r OZLOSEOCIA19- ANGS I8 IJ V.) IJ BEAR STEARNS OFFICE SERVICING YOUR ACO3uVr Real. Stearns & Co. Inc. 383 MaEsces Avenue New York New Yak 10179 10 Cf•4 Transaction Detail (continued) INTEREST (cant:wed) DATE MISCSIPT* 12131104 AVG EIAL 475.28ERT 1.374 562.30 021 OFFICE MEREST 1204 TOTAL 5761 .324.57 STASO-CLRIP SSW SteMi SWAM CM. DAN wear° Grey loll emert tem Yon 112014455 FINANCIAL TRUST CO INC STATEMENT PE December 1.2004 DISOWN Dweifew 31.2004 ACCOUNT MOSER TAIDAATET DOWISet On tie LAST STATEMENT MOrMnbel *2004 TAMan. RAT TO CENT WOW CREDO /MOUNT REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear, Stea mS8 Co. inc. SETTLEMENT TRADE DATE OATE TRANSACT* DESCRIED* SWAKtCUSIP ClummrT OM MOUNT OMNI AMOUNT 12/13104 JOURNAL GOVERNMENT NATIONAL MTG ASSN 38374F087 -44.000.000 3.186.000.00 S.81 ERIES0 OM 20004-520 CUSS PS 4 2/ /33 FUN F3483178 Al REPO AGREEMENT 12/13104 JOURNAL GOVERNMENT NATIONAL MFG ASSN 38374F097 44.000.000 3.260.000.00 SERIES 2004-S CLASS PS 4.810 DUE 02/20(33 FITM F3293248 AZ TERM REPO AGREEMENT 12/13/04 JOURNAL GOVERNMENT NATIONAL MEG ASSN 38374F067 -44,003000 5.186.000.00 HIRES 2004-5 CUSS PS 4.610 DUE 02/20/33 rum F3483178 Al REPO AGREEMENT 12/13/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN 38374F087 44.000.000 5,188,000.00 SERIES 2004-5 CLASS PS 4,810 DUE 02/20/33 WM F3483178 A2 REPO AGREEMENT 12113.04 INTEREST GOVERNMENT NATIONAL MTG ASSN 38374087 4,028.10 SERIES 2034-5 CLASS PS DUE 02/2012033 4.810 HIM F3293248 AZ REPO INTEREST ov 0101106/0915 031 54/17 EFTA01320907 EIVEZZOO- V.L43 E I 0 m r _ TZLOS£00 IN9 ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 MadLscn Amnue New Y N Y 10179 11 au Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SMIDAEPrt TRADE OAR OM MANSICTKIN DESCRPTON 12/22/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN MATES 2C0 PS 4.540 DUE 02/ 20133 1111A F3573210 Al REPO AGREEMENT 12/22)04 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 4.540 DUE 02/20/33 FIDA 13573208 Al REPO AGREEMENT 12122/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERI 2004-5 PS 4.54ES 0 DUE 02/20/3 CLASS 3 FITM 13483178 AS TERM REPO AGREEMENT 12/22/04 INTEREST GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS DUE 02/202033 4.540 RIM 13483118 Al REPO INTEREST 12/23/04 DELIVERED UNITED STATES TREASURY NOTE DUE 11/302006 2.875 2,875 DUE 11/3006 FITM 13350625 A2 TERM RESALE AGREEMENT 12/23/04 RECEIVED UNITED STATES TREASURY NOTE DUE 111302006 2.875 2.875 DUE 11/3006 ITEM 13580822 Al RESALE mmcrimM 12/23/04 INTEREST UNITED STATES TREASURY NOTE DUE 11/30/2006 2.875 ITIM 13350625 A2 RESALE INTEREST 117.11O.O.112P OlVIIIIV OMIT AMOUNT 383741087 -21.900.000 383741087 .22.100,000 383741087 44,000,000 3,186,000.00 383741087 2.078.B6 9128280D9 -50.000.000 912828009 75,020.003 75.187.500.00 912828009 CLkAMD mitouCe. RS W00X OWE= SESSCEARY but Sam Serves Cep. Ceelbotorat Galt( /1011 Broebe. Nee Ton 117014459 FINANCIAL TRUST CO INC STilrzerera Of R103 Detente 1. 2004 TkR00011 Detente, 31.2054 ACCCEATT NIAMER TAXPAYER KAISER O1N* LIST STA1Tunr, November 30.2004 MIXT Meat 2,500,003.00 50.000003.00 49,597.22 OP 01.01/05041111 001 VO61 EFTA01320908 En IS IJ IJ -n C in r ZZLOSE00- 019- ANGS BEAR STEARNS OFFICE SERviceNG YOUR ACCOUNT Beer. Steams & Co. Ix. 383 Mad son Avenue 12 au Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continue SITTIDAINT Ma OATS DATIL FIMMACIMPI OESCIDTKot SYMIKAICUMP GUMMY OWl UMW! Ca AMOUNT 12/30/04 12/3004 12/31/01 DELIVERED MEREST RECEIVED UNTIED STATES TREASURY NOTE DUE 11/302008 2075 2,875 DUE 11/3008 EITM E3580822 1.2 TERM RESALE AGREEMENT UNITED STATES TREASURY NOTE DUE 11/3012005 2.875 RIM F3580822 A2 RESALE INTEREST UNITED STATES TREASURY NOTE DUE 12/31/2008 3.000 3.000 DUE 12/31/06 env F3860898 Al RESALE AGREEMENT 912828039 912828009 912828014 -75.030.000 75.000.000 75.000.000.00 75,187,500.00 10.12111 TOTAL 5.161.825.601.96 5136.120520.86 MISCELLANEOUS CLL.= INROuGm ITS vm4OLLY OveK0 SUSSOART bro. Wan Swims C4M. Ore itoroudi Cats Mtn Niro era 20 2119 FINANCIAL TRUST CO INC STATEMENT PERCO Detente 1.2004 1101000.1 Cecembe 31. 2004 NYOLen moats TANPANTR loan Crt Fae LAST STATcycNT NDwmbM 30.2001 art (COAT TtANSACTON A SCRPTICA OM' Mann C21134 WOW, 12/15/04 JOURNAL TOTAL S-400.00 NOV Oa SPEC CLEARING FEES 400.00 027 01,0101.09 Is 001 v.57 EFTA01320909 0 z m C in z r EZLOSE00- 019- ANGS I8 IJ IJ BEAR STEARNS DUCE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Macloon Avenue Now York. New Yak 10179 73 • Trades Executed Pending Settlement !MOW MCC OAR TR/MACON cestseencw 01/20105 1205/04 BOUGHT WAPItO nayousn ITS vat.LY OesICO SULISICUSY flee. - Sins Cup. Cry IA•ktitch Ci Mot &coo)" Mn 'tart 11201-38S9 FINANCIAL TRUST CO INC STAMAINT PERM DeCtenbe 1,2004 1/0001 Otters:cc 31. 2004 Accown rotate TAXPAYEll klIkIM On Tie LAST STA/DWIT November 30. 2004 SVISCUCUSIP aWainiv neeE CENT Amain MOO MOAT GNMA-30YR(GNMA)GTD 5481673 7.000.000.00 102.3515 7.164.609.38 SETT.01/05 DUE 01/152035 06,500% 0987797115332 RU 0 2004121557020003 85 01/20/05 12107/04 SOW GNIAA-30YR(GNMA)670 SA21673 -7.000.000.00 1013687 7.137.812.50 SUT.01/05 DUE 01/15/2035 05.500% 09E/7031317332 RU 0 2004120757310000 BS 01/20/05 12/07/04 BOUGHT GNMA-30YR(GNMA)GTD 5031743 100.00,000.00 µ 103.5468 10,354,687.50 SE11.01//05 DUE 01115/2035 05.000% 0987031317332 REF 12004120757760000 BS 01/20/06 12/15/04 SOLD GNMA-30YR(GNMA)GTO SA81743 40,000,000.00 103.5937 10,359,375.00 SET7.01005 DUE 0105/2035 06.000% 0987797115132 REF • 2004121557036000 ES 02/10/05 12/16/04 BOUGHT FNMA 30YR GTD 5A$1912 10,000,000.00 103.0312 10.303.125.00 SETT. 02.05 WE 02/01/2035 06.030% 0987031317332 REF 0 2004121657320000 85 02/1005 12/30/04 SOLD FNMA 301RGTO SA81912 -10.000=030 102.9843 10,298,437.50 SETT. 02105 DUE 02/0112035 06,000% 0987280211332 RU 0 2004123057220003 BS 02/15/05 12/30104 BOUGHT FN/4.1.15YR(FNMA-15)GTD SA82209 11.000000.00 102.9765 11,327,421.88 SE17.02.05 DUE 021012020 05.500% 09872(0211332 REF s 2034123057230000 BS 027 OI/Oli06.0,18 COI VOIR EFTA01320910 -n C rn r VZLOSE00- 019- ANGS BEAR STEARNS ornct SERVICAG YOUR ACCOUI;T Bear. Steams & Co. M. 383 Madison A',e'ue New York. NEV. '• '0179 Trades Executed Pending Settlement (continued) St7R13.041 TRW( CAN DATE TIUMACT1301 DESCRPT011 02/15105 12/16/04 SOLD SneBOLC050 °JARED 11910utli ITS led•Okre Om= Suf*OARY Mac Sinims Secants Om 0-4 Renown Gen Wet, lit* Yen 11201.3440 FINANCLL TRUST CO INC GUMS/ PERCO Occembe 1.2004 THROUGH December 31. 2004 ACCOLW Mama Thanvelt Nugent On Fee vat aTATtuorr Iknernber 30. 2004 RUMMY elbef can mown at DO WOUVI FNIAA•15YR(FNMA45)GTD 5A82209 •11.000.000.00 103.1093 11.342.031.25 SETT.02/05 DUE 02)0112020 05.500% 0987031317332 REF • 2D:41216573300W 85 TOTAL 539149.843.76 539.137.656.25 ecm. &se. as -et arc> es-, ors nee, of rA interns- STOP End of Statement 027 01.01/05.00 le CM Yl4S7 EFTA01320911 Ln I8 b.) IJ BEAR STEARNS °MEE SERvCING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Morison Avenue New York. New Yak 10179 ACCOUNT EXECUTM GNMA GOVT BONO VISIT OUR Main emyttreanteams.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 7 0 TZ E I C in Your Portfolio at a Glance TOTAL VALLE CY SECURTTES 1146 PERIOD 11.635.695 Market Value of Your Portfolio Cash & Equi.aent 5244,955 $334.039 LONG ACCRUED INTEREST 110415 FatE 51V 58 .6381 59 95 $ NET CREDIT BALANCE 244.955 I n arm market value r NET EOuiTY THIS PERKO NET TOUITY LAST STATEMENT 511.991.065 12,027.839 WI LSE statements market vela CRANE& SINCE LAST STATEMENT -36.774 IIIelllefeletllll I I FINANCIAL TRUST CO INC CIO JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 SZLOSEOCIA19- ANGS There are no 'Stop Loss' ceders or other pending buy or sell open orders on file for your account. CtS.MCO art042321 ITS Wo400.Y OM,CO SISSIOVar Bar SW. SeCLrflazi Cap. One Varcritth Cara were &war. New Vol 11201-3132 FINANCIAL TRUST CO INC STAMP(' Person October 30. 2004 traCtrair November 30, 2004 at& Pa PUMP lamnit Karla Oil% LAST STATtgera 0000el 29.2004 SIN The Melly a I papaws eat 1 is ed ninon'ilia 00arreeS. The arena onas a nnaaro kI yawner's Set reetrae siee h, went mIt-ainn 027 2.0/ 04..! 42 001 ‘10.5A EFTA01320912 CLEME.9 THROW,. a! W4OUV 0Afa 11.510IA1re Sex. Stem Secknnel Co9. Coe Metsotan Corby Not &oak i. va Von 11201.3559 FINANCIAL TRUST CO INC rn IS IJ IJ -n z C rn z -H r 9ZLOSEOCIA19- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 027 12.0,04 `411 007 4165A EFTA01320913 BEAR STEARNS SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New York. New York 10179 3 a . 5 Cash Flow Analysis POOOD Income Summary Thl$ KOZO 114410 0101 Opening Balance Securides Sold S334,039.38 238.130.859.91 U.S. Govt. Bond Ia. Govt. Agency kit. Cap. Bond Int. 36,256.91 677,473.11 147,441.74 411.620.51 9,246,322.65 2,017,691.73 0 Dividends/interest 881.56899 Croat Balance Int. 0.00 1,022.46 0 Amount Credited Securities Bought 5239.012.429.90 -238,871,224.78 Reverse Repurchase kit. Total 72.266.51 5933 438.27 324.614.73 512,001,272.08 TZ -230.189.07 Bond Purchase IN. -209,538.14 .1377,851.91 Dividends/I Charged i t Miscellaneous -100.00 movn IN. Paid -252.70 -2,023.40 C Amount Debited S-239,101.513.85 Repurchase Int Exp. -8.708.90 -217.794.23 rn NE Cash Activity -89.063.95 Closing Balance 5244,955.43 Portfolio Composition Cash/Cash Equivalent 244.955 Feed Income 11.635.695 r Cash Balance Summary 090.ING CLOSING Total 511,880.650 Margin 334.039.38 244,955.43 Net Cash Balance S334.039.38 5244.955.43 LZLOSE00- 019- ANGS Or/ 1401124.14 42 OW 0.1JutE0 DIROutal ‘410.1. Owe.° Sue: muff Boar —% &oxbow C.n. One Metreugh c Kali Orzothn. Stu York 112014859 FINANCIAL TRUST CO INC STATElatir 04.4C0 Odther 30. 2004 notOUOil NOverter 30. 2004 44C0ton MAIM TAXPAYER KRIM LAST STATIVENT On Fie October 29. 2004 Your Portfolio Allocation PSI & Equiralen4-, 2% — Filed Ircorno 98% UM1.11.0.1 wive OeVis 4.44 tNt. anzito ear •rati vita Th. /11:0Cake %IMAM. la tuna to L itRolla mail vas ”to onbi43 EFTA01320914 0.EAREO 11690609 rTS V99O6, 09920 $44.9OAliv -n C in r KLOSE00- 019- ANGS 8 IJ IJ 07 IJ BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. SWIMS & Co. Inc. 383 Madsen Ayen...A New Yak. New. vc • L‘179 N'5 Your Portfolio Holdings CASH 8 CASH EQUIVALENTS Bar Loans Smears On. 0.9 Metrtenn CerMr 79:69 Broil . Loa Yen II201.3159 FINANCIAL TRUST CO INC STATE...O 99.000 October 30.2006 94409004 Ncrerrte 30. 2034 Alm WI MAMA TAXPAYER Noway. On Foe LAST rArmee October 29.2006 0250290311 SANS per, MARCO MU! LSTIAMED 811104 MOVE CURLEW YEW 04 ES11983ED ROCK WOK 090100 MID OD CASH BALANCE 244.955 TOTAL CASH & CASH EQUIVALENTS 1244.955 FIXED INCOME Government & Agency Obligations DESOZMN SaSIOUCL6a ACV rat OLWITITI MCI IMMO WW2 ACCROID NW= FEDERAL HOME LOAN MTG CORP SERIES 2530 CLASS SE DATED DAM 10/11102 BOOK ENTRY ONLY DUE 02/192032 5.310% FACTOR • .26682586 FEDERAL HOME LOAN MTG CORP SERIES 2526 CUSS SI DATED PATE 100102 BOOK ENTRY ONLY DUE 02115/2032 4.910% FACTOR • .26682585 FEDERAL NATIONAL MTG ASSN STRIP LNG SIRES 322 CI. PO DATED DATE 03)01102 BOOK ENTRY ONLY COE 03/01/2032 .001% FACTOR • 1O0020003 FEDERAL HOME LOAN MEG CORP SERIES 2483 CL SI DATED DATE 070202 800K ENTRY ONLY OUE 03,15/Z032 4.910% FACTOR - .23888857 31393FAF3 31393FG86 3136FAL01 3139203E2 MRGN MRGN IARGN MRGN 16.009.551 6.887.343 3,910.775 13,780,270 9.8266 8.8980 81.9844 8.4914 1.573.192 611.058 3,206,224 1,170,134 35.424 14.050 3 28,191 850.107 337.187 39 676.611 54.0371 55.1809 0.0012 57.8234 047 12931.04:1412 001 MS. EFTA01320915 0 I I C rn r 6ZLOSEOCIN9- ANGS I8 IJ IAA IJ IJ BEAR STURNS OFFICE SERYCING YOUR ACCOUNT Beer. Stamm & Co. Inc. 383 M.30503 MOM New YO4 New Verk 10179 5 ce Your Portfolio Holdings (continued) Government & Agency Obligations (con0nued) DESCNEMON SYSOOLCUS. nR ouvany PM WRIST WILY *WSW MIRES, LSIIIIATED NOM, MOWS CURRENT taw t FEDERAL NATIONAL 1.176 ASSN 31393C2C6 MRGN 14,402.918 9.8728 1,421.966 9.642 694,221 48.8212 SERIES 203349 CLASS Sw DATED DATE 04/30/03 BOOK ENTRY ONLY 5/ FACTOR - .5923 54784.8420% Total Government& Agency Obligations 57.982.574 587.310 52.558.165 Corporate Bonds ACC ACCIMO MUM 074:1047 Of SCSIPM4 SMICSCLSI7 flit 000NREE PRIC1 MAW MIX DIMS! AMYL MOW YEW MU FANNIE MAE CM0SERIES 2003.13 31392)01(2 MRGN 28.586.414 12.7792 3.653.121 23.105 1663.729 45.5427 RCR.9O FUR OMED 0212 DATE N1RY 8008 E ONLY DUE 0 5/2 3/2 033 5.820% FACTOR . .57172828 Total CorpOrate6cnds 53.653.121 523.105 $1,663,729 TOTAL FIXED INCOME 511,635.695 5110 415 54,221 894 CLEARED TIMM ITS mOLCI °MED SUSSOMY eta. Stem Smite Cap Oro waxed, Cotter NeM Moon Mat Tot 11201410 FINANCIAL TRUST CO INC STA1O PEASCO CMS! 30, 2004 MECUM Natenter 30. 2004 ACOMO YUMMY MAIM CO lie LMT STAMMT OcitSIt 29.2004 YOUR PORTFOLIOHOLOINGSACCRUED INTEREST YOUR PORTFOLIONOLOINGSESTIAATEO ANNUAL INCOME 5110.415 54.221.894 YOUR PRICEDPORTECtIONOLDINGS 511.880,650 027 12471 /04.1 4 42 COI VOW EFTA01320916 CLEARS') PROUGH rte ‘111OLL2 020821) sweet/-w BEAR STEARNS OFFICE SERVICING VVUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New York NEM YCCk 10179 6 of S Ow. Stews SeCLMA-1 CUD. Cr* leivtiech Caw cTh km von 11201.3869 FINANCIAL TRUST CO INC STATate Plrec0 ectoter 30.2004 Repurchase and Reverse Repurchase Transactions with Bear, Steams& Co. ine.outstanding as of date of statement Fuk04241/ fiENRCHASE PRONG PUROUSE PROM ACCRED REPO WM DATE 0Alt WI PRI8094 188tittS11 01181/21TY RAU Al.920140 OAP "at:UGH no.ember 30.2004 ArC0.8a ranSIER ThAPAYER WIRIER On Fie LAST STATPENT Ctlober 29. 2004 00.2111181011 YOU PROVIDED FEDERAL HOME LOAN AEG CORP (MARGIN) 09/15/04 OPEN 0.000 40.000.000 313927/32 SERIES 2488 CLASS 93 5.910001/15/32 0 YOU SOLD (REPO) 10/12/04 01/10/05 2.260 -9.478.000 .29.750 40.000,000 3128CVUG7 FHLMC• STRIP PRINCIPAL ONLY -n YOU SOLD GOVERNMENT NATIONAL MTG ASSOC (REPO) 10/14/04 OPEN 0.010 -1 44.389.962 38374FCM4 SERIES 2004.2 CLASS S 5.0987 01/16(34 C rn z YOU SOLO (REPO) 11/24/04 12/13/04 2.340 YOU BOUGHT -3.260.000 -1.483 -44.000.000 38374F087 GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-5 CLASS P 4.8100 02120r33 USTR 2.875011/30/06 (REVERSE) 11/30/04 OPEN 1.650 50.000.000 2.291 50.000.000 912828009 TOTAL REVERSE REPURCHASE TRANSACTIONS 550.030.000 52.291 TOTAL REPURCHASE TRANSACTIONS 1.12.738.001 5.31,233 mw Ctlet• r OELOSE00-019-ANGS EFTA01320917 En IS IJ IJ IJ C) -n C in r TELOSEOCIND- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams 8. Co. Inc. 383 Madison Avenue New York. New York 10179 7 ye , s Transaction Detail INVESTMENT ACTIVITY StIltaiorr OAR 11/03/04 num OAT! ut/NRC/ICN 11/02/04 SOLD CCSORPMN UNITED STATES TREASURY NOTE DUE 10/31/2008 02.503% AO 30 0988018192099 VELD _,2 605 %TO MATURITY OVER REF G3071010 Al syvecteusP *AWRY 912828CY4 -25.000,000 PIECE 99.79688 MGR. M. PLAID MCAT ifs MOLLY Owe f. WRY NE. Simms Sanas en DY Miumath C— low 1120141SE FINANCIAL TRUST CO MC STATEMENT PERIOD Octobot 30.2034 NEMO, Ncrett/ 30.2004 ACCOu.rt hove= TAA,Avra Amen On FR LAST STAineit 0,30be, 29.2°04 COE AMOUNT CREDIT MOW 24.949.218.75 5.17956 11/03/04 11/02/04 BOUGHT UNITED STATES TREASURY NOTE CUE 09/30/2008 02.500% MS 31 0988016192099 YIELD 2.584% 10 IMTURITT OVER REF • G3071014 Al 912828CY/8 25,000.000 99.84375 24.980.937.50 ACCR M. 58,379.12 1105/04 PRMCPAL FEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 Cl. PD 0.001 DUE 03/01132 PRINCIPAL REDUCIN 11.2541 31313FAL01 .130.707 11/10/04 JOURNAL FANNIE MAE CMO/SERIES 2003.13 S RCR-N3 FUR 8087 DUE 03/25/33 31392/052 1 11112/04 11/08/04 SOLD FEDERAL HOME LOAN MTG CORP SONS 2471 CLASS Yr DUE 01/15/2032 0100011 0987797115332 RU 2034111258010003 B$ AS OF 11/08004 31392R6U0 -12.238,935 2.68750 ACCR. INT. 328,921.38 9.179.20 11712/04 11/013/04 SOLO FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS Yr CUE 03/1512032 01.000% 098779711 REF 2C0451112 33256070000 8S AS OF 11/08/04 31392R6U0 -12.238.935 2.68750 ACCR M. 328.921.38 9,179.20 11/12,04 1015104 BOUGHT UNITED STATES TREASURY NOTE CUE OW15/2007 02.750% FA 15 09882130293099 YIELD 2.758 % TO MATURRY OVER REF • 03171013 Al ORIGINAL SD 10/18/04 AS OF 10/15101 • 912828CR9 15.000,000 99.97656 14.996.484.38 ACCR. INT. 71,739.13 037 iVOIAM:14A2 COI VIES/ EFTA01320918 BEAR STURNS OFFICE SERI/ICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New York. New York 10179 a e•s Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETRO/00 MAO( CEA DMZ ITANTACT*4 COOSTMEN =MUCUS, 11/15/04 PRINCIPAL FEDI. HOME LOAN IMO CORPOS02884 31280/007 SERIES 218 CL PO DUE 02,01/32 PRIN WD 10-04 PO 11-15-04 REPO Pal 0.0000 1115104 PRINCIPAL FEDERAL HOW LOAN MTG CORP 31392T6E2 SERIES 2483 Cl. St 4.910 DUE 03/15/32 -n 11/15/04 PRINCIPAL PIENCPAL REDUCTN 11.15-04 FEDERAL NOME LOAN MTG CORP 31393FAF3 SERIES 2530 CLASS SE C rn 11115/04 PRINCIPAL 5.310 COE 02/1802 PRNCWAL REDUCTN 11-15-04 FEDERAL HOME LOAN MTG CORP 4.rowS 2526 CLASS 54 31393(086 4.910 DUE 02/15/32 PRINCWAt nunti 11-15.04 11/18/04 1117,14 SOLD UNITED STATES TREASURY NOTE 912828CY4 DUE 10/31/20243 02.500% AO 30 098800%06099 YIELD 850 MATURRY DOVER RE/ • G3221005 Al r 11/22/04 11/22/04 SOLD NT USW 211 9128=09 8141885 CUE 11/30/2006 02,875% MEN. AS & IF ISSUED 0988018192099 YIELD 2.980%TO MMURffir GVER REF a 63271032 Al 11/23/04 11/22/04 BOUGHT UNITED STATES TREASURY NOTE 912828CY4 ZELOSE00- 019- ANGS I8 IJ IJ IJ OLEMEO TNECNEel NAOS? OWNED RAISOMRY Ent SWIrni SeCONS Cap. OR Meroisch One NONA Mi l ase at 20 MN FINANCIAL TRUST CO INC STATEMENT PERIOD Oda& 30.2004 INROUON No•ambor 30.2004 AO2CANT SUMER TAXPAYER miumot On No LAST STATOCNT Odoeur 29.2004 OUPMFIY 111a Nair =art CRON Amawn -434.132 337.310.00 -440.388 -188.897 -25.000.000 99.33984 ACCR. INT. 24.834.960.94 31.077.35 40000000 99.79760 50000000 99.17969 49.589.844.00 DUE 1031/2006 02,500% AO 30 ACCR. INT. 79.419.89 0988016192099 YIELD ,2 938 %TOMATURITY OVER REF • 0327102$ Al 4a7 12501.34:14:42 COI yew EFTA01320919 m I8 b.) V.) V.) 0 0 1 1 C in r EELOSEOCIND- ANGS BEAR STEARNS Calla SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New York New York 10179 9 or .> Transaction Detail (continued) INVESTMENT ACTIVITY (continued) srmatert DATE OAT( TRANSACTION DESCRPTITIR STIOCIJOJW auiNnw PRICE DWI AJADJX! CREDIT AARTIRO 11/23/04 11/22/04 WI USTR 2Y 8141885 50.000,000 99.79760 912828009 CUE 11/30/2006 02.875% WHEN-ISSUE RESCINDED 0988016192099 YIELD 2.980%TO MATURITY TO al PREVIOUS SELL 11/26104 PRINCIPAL FEDERAL 'NATIONAL MTG ASSN 3138EALCI1 130,707.45 STRIP MTG SERIES 322 CI. PO 0,001 DUE 0101/32 PRINCIPAL RAIMENT 11-25-04 11/28/04 PRINCIPAL FANME MAE CMO/SERIES 2003-13 313921DIC.2 473,881 S RCR.V0 FUR 6,881 DUE 03/2543 PRINCIPAL REOUCTN 11.25-04 11/28/04 PRINCIPAL FEDERAL NATIONAL MEG ASSN 31393C2C6 -289.143 SERIES Z003-49 CLASS SW 5.881 DUE 01/25/33 PRIWWAL MOULIN 11-2S-04 11/30/04 11/22104 SOLD UNTIED STATES TREASURY NOTE 912828009 -50.000,000 99.79760 49,898,797.50 DUE 11130/2006 02.875% MN 31 0988016192099 YIELD 2,910 % TO MATURITY GVER REF 0 63271032 AS AS Of 11122104 TOTAL S-89,756.804.02 5100,863,458.71 INTEREST OAR DLCCRPTION SYWOLICuSir WARTRY RATE RD DWI AMOUNT CROW mann 11/01/04 ANGINA 684,53ORT 0.428 252.70 021 CAME INTEREST Tom ••••• 027 12.01104.1442 001 SSA WOOED nona.011 m varrOLLY OwrolD StAlaWAITY 84or Tars Stones Ca,. 1.10nurch Croy MOM Ms Tort 11201.3859 FINANCIAL TRUST CO INC STATEMENT PER00 OCIODD 30.2034 110000.4 NOTtorbeT 30.2004 ACCE4PIT TA.ATIA-R TAXPAYER µ/0ER On FT. LAST sTATYRERT Oaceer 29. 2004 EFTA01320920 En I8 IJ H.) H.) 0 -n C in r PELOSE00-019-ANGS BEAR STURNS OFFICE SERVICING YO,JR ACCOUNT Seer. Stearns & Co. Inc. 383 MadrSon Avenue Now York. Now York 10179 10 e•.5 Transaction Detail (Continued) INTEREST (cceltinued) CLEARED WRIOUGH ITS witty 004403 SIAIRCVAY law. Sewn Stoats ORR DN 14anter.b C4n1v Wei Ircoltr. Na volt 11201.3140 FINANCIAL TRUST CO INC stemma PERKO Octoter 30.2004 THROUGH Nenernber 30.2004 ACCONT NURSER THRPHYDI mimed On Fie UST STATERENT OCtOter 29.2004 OAtt C(30ISTION SYMIOUCISP apeaw. RAIL IN .0.93LW MOO Avow 11/15/04 FEDERAL TICATE LOAN MTG CORP 313920500 1.0000 20.39923 SEEMS 2471 CUSS Yt DUE 031152032 1.000 INT R/D 10-04 ND 11.1504 REPO P 4 I 1.0000 11/15/04 FEDERAL HOME LOAN MTG CORP 31392T6E2 4.9100 80.788.57 SERFS 2483 Cl. St. DUE 03/15/2032 4.910 INTEREST PAYMENT 11-15-04 11/15/04 FEDERAL HOME LOAN MTG CORP 313921/32 5.9100 62.938.37 SERIES 2488 CUSS SC) DUE 03/15/2032 5.910 PIT RID 1004 P/011.1544 RCMP al 01307 11/15/04 FEDERAL HOME LOAN MTG CORP 31393FAF3 5.3100 75.806.71 SERIES 2530 CUSS SE DUE 02/15/2032 5.310 INTEREST PAYMENT 11-1504 11115/04 FEDERAL HOME LOAN MTG COPP 313931936 4.9100 39165A2 SERIES 2528 CLASS SI WE O2/15/2032 4.910 INTEREST PAYMENT 11.15.04 11/16/04 GOVERNMENT NATIONAL RTC ASSN 38374FCM4 5.3110 182.594.29 SERIES 2004.2 CUSS SR OUE0111V2034 5.311 NT RA) 11-04 MD 11-18-04 REPO P I 5.3112 11/17/04 FEDERAL HOME LOAN MPG CORP 31392R6U0 1.0000 20.39923 SOO- 2471 CLASS Yr CITE WITS/2032 1.000 REV ENTRY NO 11115 11/22/04 GOVERNMENT NATIONAL MTG ASSN 38374FDB7 5.0400 184.80100 SUES 2004-5 CLASS PS DUE 02/2012033 5.040 en RA7 10-04 PAT H-2004 REPO P aI 5.0400 027 12.0104.14:42 001 SSA EFTA01320921 rn 8 IJ IJ IJ z m C in z r SELOSE00- 019- ANGS BEAR STEARNS OFFICE SERWCWG YOUR ACCOUNT (Mar. Steams ,S Co. Inc. 383 Madison Avenue Y N Y 10179 11 ea Transaction Detail (continued) INTEREST (continued) 0.PARCO 71.0409441 01 4.041.1.4 01141,0 31.14SCARY fru %urn swop O44A Ov 0.10nrach CAW Morn 110110. Ma Tort 11711-31152 FINANCIAL TRUST CO INC STATtweir 010000 0440001 30.205E THROuGm 447:00nDer 30.200E A.4.11.1/T siAMER TAXAOIR 40.011/1 On Ng LA47 STATE114.1 October 29.2004 DAN OESCOSIPTION P1.031/0.4. 011401011 nn119 OEM MOM CAW? 04.40430 11260E FANNIE MAE [MO/SERIES 2003.13 31392/062 6.8810 147,441.74 S RCR40 FUR NC 03125/2033 6.981 MEREST PAYMENT 11-25-04 11/26/04 FEDERAL NATIONAL MTG ASSN 31393C2C6 5.8810 62.043.35 SERIES 2003-19 CIASS SW DUE 01/25/2033 5.981 MEREST PAYMENT 11.25.04 TOTAL 1.20.650.93 5826.954.68 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Steams& WITIDALNI TRNW DATE DATE 1101.144C101 COMM, SYMEOLKUSIP OIAWITN Mart mow 11/03/04 RECEIVED UNITED STATES TREASURY NOTE 912828CY4 25.000,000 25.031.250.00 M1071/2006 2.500 2500 DUE 10/31436 FIN F3080818 Al RESALE EMMERT MEM MOUVT 11103/04 DELIVERED UNITED STATES TREASURY NOTE 912828CW8 -25.000.000 25.000.000.00 CUE 09/30/2006 2.500 2.500 CUE 09/30/06 ATM F2790522 A2 TERM RESALE AGREEMENT 11/03/04 INTEREST UNITED STATES TREASURY NOTE 912828CW8 28.392.36 COE 09/30/2006 2.500 FILM F2790522 42 RESALE INTEREST 11/1204 JOURNAL FEDERAL. HOME LOAN MI6 CORP 31392R6U0 24,477,870 SERIES 2471 MASS Yr 1000 , DUE 03/15/32 FrDANIGN F0953142 AZ TERM REPO AGREILIFIrt CQ7 12.01104:1412 Gal VISSA EFTA01320922 r71 8 IJ 1.2 1.2 0 -n C in r 9ELOSEOCIA19- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Sear. Steams b Co. Inc. 383 MMISOn Avenue New Tort New York 10179 12 c.• Transaction Detail (Continued) REPURCHASE ENO REVERSE REPURCHASE TRANSACTIONS (continued) SITIIDADIT 19401 0412 CATE TRMSACTKP4 Of.SCRPTION 11/12/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERES 2004-5 CLASS PS 5,040 DUE 02/2003 FMA F3003198 AZ TM REPO AGREEMENT 11/12/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN SIRES 2034-5 CLASS PS 5.040 DUE 02/20/33 WM F3173215 Al - REPO AGREEMENT 11/12/04 JOURNAL GOVERNMENT NATIONAL MTG /ISSN SERIES 2084-5 CLASS PS 5040 DUE 02120133 FRM 13173215 A2 REPO AGREEMENT 11/12/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERES 2004.5 CLASS PS 5.040 CUE 02/20/33 RFITIA 13173 AGREEMENT 215 A3 EPO 1112/04 DELIVERED UMTED STATES TREASURY NOTE Cut 0615/2007 2.750 z75/3 DIX 08/15/07 FILM F2710662 A2 TERM RESALE AGREEMENT 1112/04 INTEREST GOVERNMENT NATIONAL MTG ASSN SERIES 20045 CLASS PS cut 02/20/2033 5.040 ATM 13003198 AZ Tin2/04 REPO MEREST INTEREST METED STATES TREASURY NOTE out 06/192007 2.750 film 12710682 A2 RESALE MEREST CLUMP 7144000H ITS .wait 01440 844.1u2outy 8ex. Starts Seculan Cap. Cne *wan Cots Werth firoali44 We. Yen 11201.3859 FINANCIAL TRUST CO INC STOININT PectiC0 0C1000. 30.2004 nwouom 74,4embee 30.2004 40004147 Mama TA4P44134 1.411.46t On rile LAST STK:7MM 0000e. 29.2004 SvPOBOLICUS, gW111Y Dag MOM CRiOn MOM 38374FDEO 44,000.000 5.363.000.00 3837410437 .44.000.000 5.623.0:0.00 383741:437 44,000.000 5,623,000.00 383741087 44,000.000 5.623.000.00 912828CR9 -15.000.000 15.037.500.00 383744087 5242.33 912828CR9 28.496.06 027 14.01.041442 001 VIM EFTA01320923 rn 8 IJ [J. IJ .13 0 m C m H r LELOSE00- IND- ANGS 11/18/04 BEAR STURNS OFFICE SERVICING CUR ACEGONI Bear. Steams b Co. Inc. 383 maisoi men.* ,3 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SETTIEWEIET OATE 11/16.04 MADE CAVE CCSOOPTION JOURNAL GOVERNMENT NATIONAL SING ASSN SERIES 2034-5 CUSS PS 5.040 DUE 02120/33 FILM F3213185 Al REPO AGREEMENT mecum.. 383741087 OLLTMMY .44.000.030 Ow MnU =ARM TITROuni ITS nave Ong AISSIXTRY Int non Danes 03. Dre MarenD Conn nen Ws Yen 112014179 FINANCIAL TRUST CO INC STATEMENT 040140 ODOOSE 30.2004 ThROLICIM Remember 30. 2004 AOCCURT WRIER TAXPAYER WSW On He 1,µT STATEMENT OCIOber 29.21304 CREDIT /MOOR 3.675.000.00 JOURNAL GOVERNMENT NATIONAL MTG ASSN 36370-097 SERIES 2034-5 CUSS PS 5.040 DUE 02/20/33 FM F3173215 A4 TERM REPO AGREEMENT 44000.000 6.623A:03.00 INTEREST GOVERNMENT NATIONAL MTG ASSN 3637.0067 SERIES 2034-5 CLASS PS DUE 02/2012033 5.040 HIM F3173215 A4 REPO MEREST 1.436.99 JOURNAL GOVERNMENT NATIONAL MTG ASSN 38374F067 SERFS 2034-5 CLASS PS 5.040 DUE 02/20/33 FIIM F3213185 A2 TERM REPO AGREEMENT 44.0:0.030 3.675.000.00 11 /18/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN 38374Ft:07 SERFS 20344 CLASS PS 5„040 DUE 02/20133 Fnm F3233174 Al REPO AGREEMENT 11/18/04 DEUVERED UNITED STATES TREASURY NOTE DUE 1031/2006 2.500 2.500 DUE 10/31/06 nnA F3050818 A2 TERM RESALE AGREEMENT -44000.030 4,000,000.00 912828CY4 -25.003.000 25,031,250.03 11/113/04 RECEIVED UNITED STATES TREASURY NOTE DUE 10131/2806 2.580 2.500 DUE 10/31/06 RDA 13230504 Al RESALE AGREEMENT 912828CY4 50.000.000 50.000.000.00 027 I2I01/04,14:42 COT DMA EFTA01320924 BEAR STEARNS OFFICE SERVICING YOUR ACCOLM Bear. Steams 8 Co. Inc. 383 Madison Avenue Now York. New Yc, ' 0179 14 n .e Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) -n SAIL AA AAA OAS OAS vin8/04 11/18/04 11/23/04 C in 11/23/04 11/24/04 r 11/24104 11/24/04 SELOSE00- 019- ANGS SVMATON OtSCIIPMS INTEREST GOVERNMENT NATIONAL MTG ASSN SERFS 2004-5 CLASS n DUE 02/2012033 5,040 RIM F321318.5 A2 REPO NTEREST INTEREST UNITED STATES TREASURY NOTE DUE 10/3b2006 2.503 Film F3080818 AZ RESALE INTERIM DELP/FRED UNITED STATES TREASURY NOTE DUE 10/31/2006 2.500 2500 DUE10/31/06 FITM 13230504 A2 TERN RESALE AGREEMENT INTEREST UNITED STATES TREASURY NOTE DUE 10/31/2006 2.500 FILM 13230504 A2 RESALE MEREST JOURNAL GOVERNMENT NATIONAL mTG ASSN SERIES 2004.5 CLASS PS 4,810 04X 02/20/33 Mei 13293248 Al REPO AGREEMENT GOVERNMENT NATIONAL MTG ASSN JOURNAL SERIES 2004 5 CLASS PS 4.810 DUE 00/20/33 RDA F3233174 A2 TERM REPO AGREEMENT INTEREST GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 04.5 02/20/2033 4.810 TIM 13233174 A2 WO Nimbi MGM= mt0VON ITS wsCur OMED BUSSIDIARY OA. Son StOJVAS Cap. Iltinean Cm" Ma" W /..../cet 112014969 FINANCIAL TRUST CO INC STOWS", ISISOID October 30.2034 TAOLM MAMA 30.2004 ACOMta "ASIR TAMA'S" MASER LAST STAITICIrt On Re October 29.200e MIASMAS' OMAN pO1 AMOS Mt WWII 383741087 469.58 912028CY4 13,600.31 9128280m .50.000.000 50.000000.00 912828CY4 1.777.78 383741087 -44,000,000 3,260,000.00 4.0 383741087 44.000.000 4.000.000.00 383741087 1,550.00 oat ISVIAt11:42 CM AAA EFTA01320925 CWA90 TT430‘04 ITS WTIMEE DeTT4D SuDSTOLTRY rn IS b.) IJ 0 -n z C in z -H r 6ELOSEOCIA19- ANGS BEAR STMRNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 363 Madison Avenue Non York. New York 10179 16 els Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) Stletalerr DATE 11/30/04 num OATE TILAASACIEN cescePron RECEIVED UNITED STATES TREASURY NOTE DUE 11/30/2005 2.875 2.875 DUE 'inns FINS F3350625 Al RESALE AGREEMENT SEMIKVCIATIT 91282B009 cu rn 50.000.000 CEBU &WOW, 50.000.000.00 W. Steams Setuitet Cap. Ono Lierata Cettn Montt et Nes volt 112014.19 FINANCIAL TRUST CO INC SIATEATENT nano October 30.2004 THROUGH Nowerter 30.2034 ACCOuxt 1..440LR flianyul warm On Fie LAST stAtemera Octets 29.2004 MEDD ATOOLM TOTAL 5-149.323.958.90 5137.322.016.51 MISCELLANEOUS DATE MOUT neurtamori 11/16/04 JOURNAL TOTAL 5.100.00 cESCAPrter OCT 04 SPEC CLEARING FEES CETr AATOWil 100.00 MOO AUCt/T1 STOP End of Statement 021 120104 14 42, ow meet EFTA01320926 -n C in r OPLOSEOCIA19- ANCIS BEAR STEARNS OFFICE SEROCING SLIVR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison AVONJO New Wyk Nevi lc.O. 10179 ACCOUNT EXECUTIVE GNMA GOVT BONO VISA OUR RELISH www.bearsteams.com What's in This Statement Il...11...lrrl.Il 1.1 Financial Summary 3 FINANCIAL TRUST CO INC You' Portfolio Holdings 4 CIO 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 ea & & Equeibleml S134.019 TOTAL VALUE Of SECURITIES THIS PERIOD 11.588.059 S349.431 LONG ACCRUED INTEREST 105.741 End NET CREW BALANCE 334,039 Income Her sounv TNte PERIOD $12.027,839 NET EQUITY LAST STATEMENT 12.556.360 CHANGE SNCE LAST STATEMENT -528.520 There are no 'Stop Loss orders or other pending buy cc sell open orders on file for your account. S11.588469 MI Current market value Last statement's market vale 412.4:42.01, PORED 110293.4 ITS wage DATED SLISSIDMITY Bor. Sten Swards 9n. one Tmeauca Car North la Yell 11201.3854 FINANCIAL TRUST CO INC STAillitST PPM* OCIOW 1.2004 THILLNJON 0000t4 29. 2004 ACODIAN TAXPAVER NUMMI% On Foe LAST STATEMENT Septenaf 30. 2004 Ens sunny 41w okensteasi Mai Oa II b 09 Magas IL a. Samna This arra Cal Streama ar ratted. Sae Inn* We Sr rporlantiftwileffi 027 16,004.11 SE 021 Via EFTA01320927 CLEARED rmiK2421 %vicar 0+040 91.l90UM Sur Sums Staten cop. Cne 002cce0, Cam net totem. Nem rcel 112014559 FINANCIAL TRUST CO INC 2 EEVEZZOOV.L43 0 z m cim z H r TVLOSE00 V\19 ANDS STATEMENT BACKER IS PRINTED ON THIS PAGE 017 1000001:50 031 vs. EFTA01320928 BEAR STEARNS OFFICE SERVICING YOUR ACCOtart Boar. Stearns & Co. Inc. 383 Madison 8831387 New Vol, New vcA 10179 0 0 3 au Cash Flow Analysis DIS sta00 Income Summary tic 8000 708410 005 opening Balance SecurgleS Sold Dfridextfinterest Amount Credited SecurRies Bought 5349.430.55 150.542.411.97 861.588.48 3151.404.000.46 -151,238.763.30 U.S. Govt. Bond IM. Gent Agency Int. Cup. Bond Int. Credit Balance Int. Reverse Repurchase Int. Total 6,868.13 702.222.04 152,338.86 159.45 11.581.79 5873.170.27 375.363.60 8.568.849.54 1,870,249.99 1,022.46 252.348.22 511,067,833.81 Funds Withdrawn -71,518.00 Bond Purchase Int. -55.766.57 -1,168,313.77 t l DisildendsAnterest Charged -55,766.57 Margin Mt. Pad 0.00 -1.770.70 C Miscellaneous .53,343.75 Reptrthase Inc. Exp. -47.341.42 -209.085.33 rn Amount Debited 1-151 419 391 62 Net Cash Acthity -15.391.17 Portfolio Composition Closin9Balance 5334.039.38 CasniCash Equvalent 334.039 Fixed Income 11,588,059 r Cash Balance Summary Total $11,922,098 ZPLOSE00- 019- ANGS IJ IJ WING ahem 349.430.S5 334,039.38 Net Cash Balance $349.430.55 3334,039.38 027 /8300811 SO 031 CsEmEO tit rrs *MOLLY 0101•813 U8S108.115. MY Stan Seunlan Cap. One Women Cams Math boa885 M. Yet 11201.3859 FINANCIAL TRUST CO INC STAT0111,1T num October 1.2004 111110004 October 29.2004 ACCOP.Art TO:PAYER HOWER On Fie LAST sr Meer Sestets/se: 30.2004 Your Portfolio Allocation Cash S. Gathalent- 2% L Feed Income 98% 12-redee melees Orele C•91 78.w andtv Wen •hla.. M.duo, Plrapetapo 8.8.91 .59, Pe *teases market *SA of 99... eadela t4 EFTA01320929 C) 0 m C rn r EPLOSE00- 019- ANGS IS b.) La b./ La BEAR STEARNS Cf FICE SERYCING YOUR ACCOUNT Beet. Stearns & Co. Inc. 383 Mattson AMNIA New York. New 'Ark 10179 4 or ie Your Portfolio Holdings CASH & CASH EQUIVALENTS OISCRPON CASH BALANCE TOTAL CASH & CASH EQUIVALENTS Warne MC( Wan, ESTIMUTO CAREW VOLE TIME WIXOM MD IND 334.039 5334.039 FIXED INCOME at THICNON as may, Oman 0010tritt Ner. Shan Sawa. Cage t theretedi Carter Non troder. Nov Vat 11201.109 FINANCIAL TRUST CO INC VARMINT POTOD OCOOtr 1. 2004 1490U0 Orator 29. 20)4 ACCOUNT haat TATTPAYER WINER On Fla LAST STATTNOTT SKterNor 30.2004 Government & Agency Obligations OTSCRITION 01.03.CuOr ACCT OPT GUMMY NEE TatA01 MUT ACCRUED la= ISTMATIM IMAM WOO* CURRENT YEW TIO FEDERAL HOME LOAN MTG CORP 31393FAF3 LIRGN 16,449.919 9.4102 1.547.969 35.376 909.681 58.7861 SERES 2530 CLASS SE DATED DATE 10/1102 BOOR ENTRY ONLY DUE 02/15/2032 5.530% FACTOR - .27416532 FEDERAL HOME LOAN MTG CORP 31393FGB6 MRGN 7.056.240 8.5794 605.386 14.078 361.985 59.7941 SERIES 2526 CLASS 51 DATED DATE 1010102 BOOK ENTRY ONLY DUE 02/15/2032 5.130% FACTOR - .27416531 FEDERAL NATIONAL MTG ASSN 3136FALQ1 MRGN 4,041.482 84.9063 3.431.471 3 40 0.0012 STRW MEG SERFS 322 CL PO DATED DATE 03/01/02 BOOK ENTRY ONLY OUE 03/01/2032 .001% FACTOR - 1.00000000 FEDERAL HOME LOAN MTG CORP 3139216E2 MRGN 14.214,402 8.1195 1.154,131 28.358 729,199 63.1818 SERIES 2483 O. SL DATED DATE 07/0202 BOOK ENTRY ONLY DUE 03t15/2032 10% FACTOR —.24641446 eat 10/3004:11:10 001 EFTA01320930 rn 8 b.) b.) $'• 0 -n C rn r trI7LOSE00-019-ANCIS BEAR STEARNS OFFICE SERinCiNG YOUR ACCOUNT Bert. Stearns & Co. Inc. 383 Mateson Avenue New %at. New York 10179 5 a Your Portfolio Holdings (continued) Government 8 Agency Obligations (continued) CESCRIPTER SliAtO/CL6n. ACCT Comer MLl 144.007 VALUE ACCRLED tarRES7 ES110.1ATED ANNUAL PROW 0.45,00 ORO ra FEDERAL NATIONAL MTG ASSN 3139302C6 PARCH 14,692.061 9.1386 1.342.655 8.271 744.447 55.4459 SERIES 2003.49 CUSS SW DATED DATE 04/30,03 BOCK ENTRY ONLY DUE 01/25/2033 5.067% FACTOR a .60444343 Total Government& Agency Obligations 58.081.612 586.086 12.745.352 Corporate Bonds /CC ACCRUED ESMArt0 CJIMPO 043CRIPDC4a SYVBCVCUSS. iwE OUNRCIY P WSW YARN narleSt *Met UWE rat> C% FANNIE MAE CMO/SERIES 2003.13 31392/1782 IARGN 29.160.294 12.0247 3.506.447 19.655 1.769.155 50.4543 RCA.V0 FUR DATED DATE 02/25/03 BOOK ENTRY ONLY DUE03/26/2013 6067% FACTOR - .58320590 Total Corporatc8cr, 53.506.447 519.655 51.769.155 TOTAL FIXED INCC 511.588.059 5105.741 54.514.507 CLEARED twatOUCH wiRtLY ~CO LAMS fa Sewn Swats Cow aaa.seutllamecog Cs tee . Kt. Yon 11201.3639 FINANCIAL TRUST CO INC PATEPAINT PORCO Ocbaber 1.2004 1/00001/ Octaby 29.2004 ACCOuNr mike 1.04404/2 Ruben On Flo LAST STAMEN? Saptemtes 30.2004 YOUR PORTFOLIOHOLDINGSACCRUED INTEREST 5105.741 YOUR PORTFOLIONOLDINGSESTIPAATED ANNUAL INCOME S4.514.507 YOUR PRICEDPORTFOLIOHOLDINGS 511.922.098 02? 10'3004:+1'.50 001 v864 EFTA01320931 rn IJ IJ Sa. BEAR STEARNS evict SERViOnG YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Matson Avenue Now v 10179 6s.. Repurchase and Reverse Repurchase Transactions with Bear. Steams& Co. Inc.outsta ndlng 38 of date of statement MIMED WOW. n INIC.O' WED SLISOWY. Doe &WS Sea.Mos Ore MOW. Cr* Nalh CY New let 11201.359 FINANCIAL TRUST CO INC STATEmENT PEROG OCIODOf 1.2004 nssoson OCtOber 29.2004 ACCOJIO htPAOLlt TAXPAY01 MAW On Re SlrEUENT SL.0(WnDir 30.2004 PulOU41/ START WE WOWS( DOTE PRCOG MI WOOS, POCV "WW1 ACCWO REPO MOIST* 094149TI BALE MOM OW CESCAOTCW YOU PROVIDED FEDERAL HOME LOAN MTG COPS (MARGIN) 09/15/04 OPEN 0.000 .50.000.000 313927/32 SERIES 2488 CLASS SO 6.1300 03/15/32 0 YOU SOLD (REPO) 10/12/04 01/10/05 2.260 -9.476.000 -11.900 -50.000,000 3128CVUG7 FHLMC•STRIP PRINCIPAL ONLY -n YOU SOLD GOVERNMENT NATIONAL MTG ASSOC (REPO) 10/1004 OPEN 0.010 -1 .44.389.962 38374FCM4 SERIES 2004-2 CLASS S 5.3113 01/16/34 rn YOU SOLD (REPO) 10/26/04 11/12J04 2.070 -5.363.000 4.850 -44,000,02•3 38374H:437 GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-5 CLASS P 5.040002/20/33 YOU BOUGHT USTR 2.750006/15107 (REVERSE) 09.27/04 OPEN 1.600 15.037.500 21.950 15.000.000 912828CR9 YOU BOUGHT USTR 2.5000 09/30/06 r (REVERSE) 10/05/04 OPEN 1.250 25.000.000 26.309 25.000.000 912828CW8 TOTAL REVERSE REPURCHASE TRANSACTIONS 540.037.500 548.259 TOTAL REPURCHASE TRANSACTIONS 5-14.841.001 5.13.750 SPLOSE00- 019- ANGS SSW. CIS 027 'OXON ' 1,4 'kV A EFTA01320932 0 -n C in r 9PL0SE00- O19- ANGS I8 b.) IJ 1.4 00 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383M8Cisen Mem:8 7 a • 4 STsinefir 'MOD OCIOTS 1.2004 THROUGH Octets 29.2004 Transaction Detail ACCOUNT PiMa TWAYIER NIMES Co Ft INVESTMENT ACTIVITY LAST srmywrier Sapient's 30. 2004 GLEAM WOW.. ITS vmets.v &MAO $uliSIOvRY Bar Sion SocuiDis Ono hientws COMM' 11010 11201411SO FINANCIAL TRUST CO INC SETTAMIXT MAU 051E DATE 1111164C0311 OESCLIPTEN ST/ADOUOSIP Waft PRIZE 0011 MONT CREW AVOW 10/04/04 10101/04 BOUGHT UNITED STATES TREASURY NOTE 912828CU2 26.000.000 99.57031 24.892.576.13 DUE 08/31/2008 02.375% FA 28 ACCR M. 55,766.57 0938016192099 YIELD 2.607%10 MATURITY EVER REF a 02751004 Al 10/04/04 10/01/04 SOLD UNITED STATES TREASURY NOTE DUE 09/302006 02.500% MS 31 0988016192099 TED 2.642% TO MATURITY GVER REF • 02751011 Al 912628CW8 .25,000.000 99.72656 24,931,640.63 ACCR. INT. 6.868.13 10/05/04 JOURNAL UNITED STATES TREASURY NOTE 912828CW8 45.000000 25.006000.00 ID) REPO NO 10.4 2.500 DUE 09/30106 10107/04 POICIPAL FEDERAL NATIONAL MTG ASSN 3136FALCI1 413,439 STRP MTG SERIES 322 CL PO 0 001 CUE 03/01/32 PITINCAPAL REDUCTh 10-25-04 10/13/04 WIRED CALL TSY 43/4 mai 9272250 -25.000.000 EUROCALL STRE 1014 EP 104)8/2004 10/14/04 09/08104 CANCEL SQL FNMA-30YR(FNMA)GTD 5/403009 10.000.000 101.31250 10,131,250.00 SEMIODA DUE 10/01/2034 05.500% 0987000510332 REF a 2004090857720030 BS AS OF 09/03/04 TO Cm PREVIOUS SELL 10/14/04 09/22/04 BOUGHT FNMA-30111(FNMA)GTD 5040009 10.00.000 101.83594 10,183,593.75 SETT.10174 CUE 10101/2034 05.500% 0987021011332 REF # 2004092257610000 BS 10/14/04 09/08/04 SOLO FNMA.30YR(FNMA)GED 5.080009 .10.003.000 101.31250 10,131,250.00 SETT.1004 WE 1001/2034 05.500% 0947000610332 REF 0 2004090857720000 8$ 027 100004.13110 001 VIM EFTA01320933 awes nieb-Gri rtR w"0.\, CANSO SLIISCRAV 0 -n C rn r LPLOSE00- 019- ANGS BEAR STEARNS OFFICE samcsoc YOUR ACCOUNT Bear. Steams & Co. Inc. 383 lAa6son Avenue New York. New York 10179 S el 14 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) MITUMOir 100( DATE DATE litua3A01,4 10/14/04 09/22104 CANCEL WY FNMA-30YMENNIA)G11) SA80039 .10.000.000 101.83594 10.183.593.75 SET1.10-04 CuE 10/01/2034 05.500% 0987021011332 REF * 2104092257810000 BS AS OF 09/22/04 TO OIL PREVIOUS BIN DESOMMA 5772007023:2 1.1•RoSch Oslo Nam MOOR% Me • GA 112014859 FINANCIAL TRUST CO INC STATERE.4 PODOO C810091 1,2004 THROUGH Oclawf 29.2004 Accaser MASER TAXPAVIR NWSER GO File LAST STAMINT 5.011121:41 30.2004 Clown MICE DEW AsKuvi CREW AKOM 10/15/04 maim. FEDL HOME LOAN MEG CORP*S02684 3128CVUG7 285.408.50 SERIES 218 Cl PO OM 02/01/32 PIM R009-04 P010.15-04 REPOP a I 0.0000 10/15/04 PRINCIPAL FEDERAL HOME LOAN 106 CORP 3139216E2 -390,730 SERIES 2483 CL SL 5.130 0.V15/32 PRICIPDUE AL RECOCIN 10.15.04 10115/04 PRINCIPAL FEDERAL HOME LOAN MEG CORP 31393FAF3 -372.599 SERIES 2530 CLASS SE 5,530 DUE 02/15/12 PRINCIPAL REDUCTN 10-15-01 1011504 ORMCIPAL FEDERAL HOME LOAN MTG CORP 31393F088 -159.828 SERIES 2528 CUSS SI 5 130 CUE 02/15/32 PRINCIPAL REOUCTN 10-15-04 10/20/04 JOURNAL FANNIE P.ME 0.40/SERIES 2003.13 313921082 2 S RCR4I0 FUR 8,180 DUE 03/25/33 ADJUST POS 10125/04 PRINCIPAL FEDERAL NATIONAL MTG ASSN 3138FALQ1 113.439.30 S1PJP MTG SERIES 322 O. PO 0 001 WE 03/01/32 DEMME PAYLEPET 70-2544 10/25/01 PRINCIPAL FANNIE MAE 0.40/SERIES 2E03.13 313921082 -518,108 RCR.80 FLTR 6.160 CuE 0125/33 PREICIPAL REDUCTN 10-25-01 027 UM/04:110D 601 flea XXX EFTA01320934 CLEARED TØ TTS »as ~RO aseaCeav rn 8 IJ O IJ -n r SPLOSE00- IA19- ANGS BUNR ST RNS OFFICE SERVICING YOUR ACCOUNT Daa& Steams & Co. Inc. 383 Meda«, Avenue New Nek. New va,. 10179 9 4,14 Transaction Detail (contInued) INVESTMENT ACTIVITY (444000440 SMURD« DATE 10/25/04 TRAM DAtt ~new PRIL:IPAL MORMON FEDERAL NATIONAL MIG ASSN SERES 2003-49 CUISS SW 5.160 DUE 01/25/33 aRatOPAt REDUSTN 10.25.04 • 3',:,.2.2C6 RVANlin •2&0.033 ba. Sirs ~Ia Corp. GR venta Cain Noe borer Na [fl 20 MO FINANCIAL TRUST CO INC STEllitra PER,00 Ocloter 1.2004 TwROIS. Cctoter 29. 2004 Alt , n7 ~ER TAXPAYIA ~OCR Dn Ne LAS? STAIlkert Se;ternter 30. 2004 PMCI Oter, 4901.2.9' GRUNT AMOUR, TOTAL 1.45,263.188.4 ': 520.852.198.31 DEPOSITS AND WITHDRAWALS UTE 1007/04 END WIRE° ?JAA/ GV148208ENDSWIRED T0 FLEET NATIONAL BANK AC2387604020 01246378 TOTAL IRMSACTICel DESOWTOR 311 ...10.11C 71.518.00 I 71.518.00 INTEREST amt OCIttenta 10101/04 AVG BAL 213.777RT 0.895 021 OFFICE INTEREST 0904 SYL/80000SP RATE <IQ DEMT AMOR, GROMT ~ff 10/15,04 FEDERAL HOME Lom MEG CORP SERIES 2471 ciAss Yr OVE O3/192032 1.000 NT R/D 09-04 IND 10-15434 REPO P &I 1.0000 10115/04 FEDERAL HOME LOAN MIG CORP SØTES 2483 CL St DUE 03/192032 5.130 PITEREST PANIAENT 10-15-04 31392R5LIO 1.0000 159.45 20.958.94 3139205E2 5.1300 63.775.74 027 19930.9140 COT EFTA01320935 0 -n C rn r 617LOSE00- 019- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Simms & Co. Inc. 383 Madison Avenue New Yak Nem Y 10179 10 et la Transaction Detail (continued) CLEARED mitotic. ITS swain' ;NNW StaSOARY but SWEPT Seaton Coo Me Jactrapch Car Ater ProokAn. INA Yak 1120/4880 FINANCIAL TRUST CO INC SIAM/EAT PERKX) WOW 1.20`04 THROUOM October 29.2004 ACCOUNT NIANIER TAXPAYER Mama On fro INTEREST (contalued) LAST STATEMPO September 30.2004 OAR DESCRIPTION SnalCucus. Ewer RATE OR cart mourn (NOR MOUNT 10/15/04 FEDERAL HOME LOAN AUG CORP SERIES 2468 CLASS SO 31392T132 6.1300 65.828.89 DUE 03115/2032 6.130 INT RA) 09-04 P/D 10-15-04 REPO P t I 6.2400 10/1504 FEDERAL NOME LOAN MTG CORP SERIES 2530 CUSS SE 31393FAF3 5.5300 79.065.84 DUE 02/1542032 5.530 MEREST PAYMENT 101544 10/15/04 FEDERAL HOME WAN MTG CORP SERFS 2526 CLASS Si 31393FGB6 5.1300 31.510.16 DUE 02/15/2032 5.130 INTEREST PAYMENT 10-1504 10/19/04 GOVERNMENT NATIONAL MEG ASSN SERFS 2004-2 CUSS 58 38374FCM4 5.3110 188,367.64 DUE 01/16/2034 5.311 trt 9,0 10.04 RD 10-16-04 REPO P 6I 5.4212 1012004 GOVERNMENT NATIONAL MTG ASSN SERIES 2004.5 CLASS PS 38374F1)87 5.1380 188,420.83 COE 02/20/2033 5.138 INT RIO 09-04 P/D 102004 REPO P 6I 5.1387 10125/04 FANNIE MAE CMO/SERIES 2003.13 $ RCR4/0 FUR 3139240142 6.1600 152.338.86 DUE 0305/2033 6.160 INTEREST PAYMENT 10-25-D4 10/25/04 FEDERAL NATIONAL MTG ASSN SIRES 2003-49 CLASS SW 31393=8 5.1600 64.294.00 DUE 01/25/2033 5.160 INTEREST PAYMENT 1025-04 TOTAL $856,720.35 021 ICVXAD4 11 SO 001 10164 EFTA01320936 rn 8 b.) 10 IJ IJ 0 F I C in r OSLOSE00- 019- ANCIS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 303 Waco Avenue New Yak. New Tat 10179 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Etear,Stearns& Co.Inc. SIT0DADIT TRUK 04n an OWISCION 01.30040011 SVUEOLOCUSP 0.0.140Tv Mail E.YOUX1 CRUX MWJI 1010004 DELIVERED UNITED STATES TREASURY NOTE 912828CU2 -25.000.000 25.062.500.00 DUE 09/3112000 2.375 2.375 DUE mamas Fnm F2670490 A2 TERM RESALE AGREEMENT CLEARED IntOuGai ve40‘.. 04.400 14.40vA, Br. San Socinlos Ore Ihnietio Cott Eau 11301.3859 FINANCIAL TRUST CO INC STA,IghT KR)00 00044. t 2004 noR01:4. 000Cef 29.2004 AOCaNT MAISCR TAXOAVER %UMBER On rile EE E &Veit& 30. 2004 10/04/04 INTEREST UNITED STATES TREASURY NOTE 912828CU2 10.519.29 DUE 013/31/2006 2.375 RIM 12670490 A2 RESALE MEREST 10/05/04 RECEIVED UNITED STATES TREASURY NOTE 912828CV/9 25.000.000 25.000.000.00 CUE 09130/2006 2.500 2,500 CUE09130M FITL1 F2790.522 Al RESALE AGREEMENT 10/06/04 JOURNAL UNITED STATES TREASURY NOTE 912828CW8 25.000.000 25.000.000.00 ADJ REPO NO 10-4 2.500 DUE 09/30/06 10/05104 JOURNAL UNITED STATES TREASURY NOTE 912828068 25.000.000 25.000.000.03 ADJ REPO AO 10-4 2.500 DUE 09130/06 101015/04 INTEREST UNITED STATES TREASURY NOTE 912828CW8 1.062.50 DUE 09/302006 2.500 REV REPO INT. NO 10,5 10/07/04 JOURNAL UNITED STATES TREASURY NOTE 912828CW8 .25.000.000 25.000.000.00 ADJ REPO 410 10.4 2.500 DUE 09/30,313 10112/04 JOURNAL FEDL HOME LOAN PEG CORPIS02684 3128CVUG7 12.800.430 7.320.000.00 SERIES 218 CL PO DUE 0201/32 FILM 12583256 P2 TERM REPO AGREEMENT 70/12/04 JOURNAL FEDL NOME LOAN MTG CORPPS02684 31280VUG7 -12.800.430 9.478.00000 SERIES 218 CL PO DUE 02)01/32 RIM F2883213 Al REPO AGREEMOrt On 10,104:1140 001 Si EFTA01320937 In IS IJ 43, IJ -n C in r ISLOSE00- 019- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue Mir 10179 12 Nu Transaction Detail (Continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SPRIMOlt TPAOC CAVE pm ntracnoti CICSCROIMII 10112/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004.2 CLASS SB 5.421 DUE 01/16/34 rem F2653155 AZ TERM REPO AGREEMENT 10/12/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN 9.52ICS 2004-2 CLASS SB 5.421 DUE 01(103/3A FIDA P2463215 Al REPO AGREEMENT 10/12704 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 5.138 DUE 02/20/33 RDA F1913154 A.2 TERM REPO AGREEMENT Ton 2104 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004.5 CLASS PS 5.138 DUE 02/20/33 MN F2863217 Al REPO AGREEMENT 10112/04 MEREST FED/ HOME LOAN MTG CORP/502684 3128CVUG7 11.272.80 SERIES 218 CL PO DUFTIME 02/D P2 1/2032 3256 AZ 0.000 54 REPO INTEREST 10/12/04 SYPAOOLCUSIP WARM 38374FCM4 41.895.396 38374FCM4 41.694396 38374F067 44,004000 3837,0067 41.004000 Dian Maul 2.816.000.00 =ARID ni90904 Wan* 0919.120 SUSSOARY BeR Szyms SeoslRet CoT Ow *town Cater I.icet Met yin 11201.3859 FINANCIAL TRUST CO INC STATIMINT PlinC0 °MOW 1.2004 niROuGH October 29.2004 ACCCONT YLVaen Wank NWSCR 01 Fie LAST STATIOMYT 989118114f 30.2004 ciNCO AM3UKI 3483.000.00 5.866.000.00 6294000.00 INTEREST GOVERNMENT NAD3NAL MTG ASSN 38374FCM4 2.940.37 SERFS 2004.2 CLASS S8 DUE 01/16/2034 5.421 DIM F2653155 AZ REPO MEREST 10/12/04 It4TEREST GOVERNMENT NATIONAL MEG ASSN 383742087 27.70470 SERIES 2004$ CLASS PS DUE 02/20/2033 5.138 FIT/A F1913154 Al REPO MEREST 027 160009.1190 C01 EFTA01320938 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Beer. Steams & Co. Inc. 383 Madison men.* New York, New Yen,. 0179 &3 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (calmed) MITLDaNT TRACE DATE DATE 10/14/04 0 10114/04 m 1004/01 C in 10125/04 10/25/04 r 1005/04 10426/04 ZSLOSEOCINDANOS I8 b.) b.) pA tRANSACtitel OTSCIernOsi JOURNAL GOVERNMENT NATIONAL MEG ASSN SERES 2004.2 CLASS SO 5.421 DUE 01/16/34 RIM F2883267 Al REPO AGREEMENT JOURNAL GOVERNMENT NATIONAL WIG ASSN SUES 2004-2 CLASS 58 5.421 DUE 01/16/34 ERNI F28443215 At TERM REPO AGREEMENT INTEREST GOVERNMENT NATIONAL MTG ASSN SERES 20044 CLASS 58 DUE 01/16/2034 5.421 Film 12863215 A2 REPO MEREST JOURNAL GOVERNMENT NATIONAL MTG ASSN SIRES 20044 CLASS PS 5,040 DUE 0200/33 FRIA 12993307 Al REPO AGREEMENT JOURNAL GOVERNMENT NATIONAL MEG ASSN SERIES 20044 CLASS PS 5 040 CUE 0 62/203217/33 RM 128 At TERM REPO AGREDAD/f MEREST GOVERNMENT NATIONAL MTG ASSN SERES 2004-5 CUSS PS DUE 02/200033 5.040 FRM 12863217 A2 REPO INTEREST JOURNAL GOVERNMENT NATIONAL MEG ASSN SERES 2004 S CLASS FS 5.040 OUE 02/20/33 FITM F2993307 AZ TERM REPO AGREEMENT CLEARED 7100L10.4 ITS wsa,.y Oman Sufic ...Ay Bev. Stein Swain Cap One 14evaecn Caw Math Na. Yon 112014859 FINANCIAL TRUST CO INC PEA,00 Watt 1.2004 Dift(Nro. OCIODe 29.2004 ACCOLKT %WES TAXPAYER WINGER On Tile LAST STATEuEin Sept.enta 30. 2004 5.0.19DUCOSIP ETUNITITY OM AVOW CRUM AmOLIn 38374FCM4 41,695,395 38374/0.14 41.695.395 3,683,000.00 3837410.14 423.55 38374F087 44,000.030 5.000.000.00 383741067 44,000,000 6,289,000.00 38374n387 4.706.50 38374F087 44,000.000 5,000,000.00 On 100694:11110 001 LENT EFTA01320939 ClEARED 111.1000/1 RS vacue Ove/E0 WISSOutfm ITS 8 b.) BEAR STURNS OFFICE SERVICING YOUR ACCOUNT Rem. Steams & Co. Inc. 383 Maclisps Avenue New Yak. New York 10179 14 al. Set Men Sautes Corp O.< Women Comer Atm r 11201.3859 FINANCIAL TRUST CO INC 0 -n Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) senuwon TRAM out an TRASSACTON OLSOISPIION WIMP IXS1 Man, stionekir IMMO Weber 1.2004 necoon October 29.2004 AbytelT etweER TAX7AYIER /4.4e3ER On File LAST STATMENT September 30.2004 PRIOR AMOUNT 10/26/01 10/26/04 JOURNAL GOVERNMENT NATIONAL MEG ASSN SERIES 2004-5 CLASS PS 5040 DUE 02)20133 FM F3003198 Al REPO AGREEMENT INTEREST GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS DUE 02/202033 5.040 EOM F2993307 A2 REPO INTEREST 18371FG/37 38374F087 -411;00.000 287.50 5.363.000 00 TOTAL S-106.031.341.42 579.897.081.79 C in z MISCELLANEOUS tett UMW/ TIUNSWI13N ecsoancto DEBI Al/Ottil Maw maw 10/13/04 JOURNAL 10/19/04 JOURNAL ENMA.30YR(FPLIMA)GTO SETT.1004 5,530 DUE 100144 MSS NET 10/I 104 SEP 04 SPEC CLEARING FEES 52.313.75 1.003.00 r TOTAL $-53,343.75 ESLOSE00- 019- ANGS STOP End of Statemen On /3/30•04:114t) Mal EFTA01320940 En I8 IJ n.2 0 0 m C in r PSLOSE00- 019- ANGS BEAR STEARNS curia SERVICING YOUR ACCOUNT Bear. Steams a Co. Inc. 383 Madison Avenue New Yea New Yoh 10179 014RE0 ThROuCcm as VmOu awe StALSOARY Its. Men Undies Co One AAA Cerny WM Nen A 20 SASS MARCO& TRUST CO INC ACCOUNT EXECUINE GNMA GOVT BOND STATSMENT PEROO September 1. 2004 VISIT OUR WEBSITE www.bewstearns.corn TaCniGm September 30.2004 What's In This Statement ACCOUNT WINE TAXAVIR MAIM On no Financial Summary 3 FINANCIAL TRUST CO INC LAST STAIleVent Nye& 31.2004 Your Portfolio Holdings 4 CJO JEFFREY EPSTEIN Transaction Detail 7 6100 RED HOOK QUARTER Trades Not Yet Settled 17 STE 83 ST THOMAS VI 00802 Your Portfolio at a Glance TOTAL VALUE OF SECURMES THIS PERISO' 12,082.817 Cash & EquVelten Market Value of Your Portfolio 5349.431 3.48.513 LONG ACCRUED MEREST 124.112 Ett,0 S12.062.817 NET CREDIT BALANCE 349.431 Income II $12.6440413 Curtsy menet we NET EQUITY ma PERIOD $12.556.360 Lag gatemen's market yaks NET EOUITY tAS1 STATEMENT 12.890.765 C.ANGE SINCE LAST STATEMEM -334.406 'nee ASA AAA A er .ere woken *AMA fen A net AAA no A.• of /AAA A A W. Entery T% Arco There are no 'Stop Loss' orders or other pending buy or sell open orders on file fa your account. vs-wrye.), Moran el Arose RR tY sa YAM et •SA exempt Tut itetentrtIA4O4 be MSS Is ?Wawa. See reverse ilde for &gratin Marren 027 1601/04.077.9 p. 710 EFTA01320941 GLUM 1,00113.1 ITS %%are Owe Sei()My Ow Sows Wulies tap. One Merote:x Cerny licrth Bo P.m Yen 11201.3859 FINANCIAL TRUST CO INC 2 a•3 0 -n z C in z -H r SSLOSE00- 019- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 021 1001.04:0749 011 v1183 EFTA01320942 StrEZZOO-V.Ld3 BEAR STEARNS CANCE SERVICING YOUR ACCOUNT Bear. Stearns IS Co. Inc. 383 Matteson Avenue New York New Voir 10179 so ir Cash Flow Analysis was POMO Income Summary .0 TUG ID DATE Opening Balance Securities Sold 348.513.49 283,252,102.46 U.S. Govt. Bond Int. Govt. Agency Int. Cap. Bond 1st 74.442.82 800,827.03 160.809.29 368.495.47 7.866.627.50 1,717,911.13 C) Dividends/nterest 1,036,382.90 Oa& Balance Int 303.76 863.01 0 Amount Credited Securales Bought 3284,288,485.36 .283.616.704.04 Reverse Repurchase Int. Total 76.976.15 31.113.359.05 240.76643 310194,663.54 Dividends/Interest Charged .183.444.56 Bond Purchase M. -183.444.56 -1,112.547.20 TZ F I miscellaneous ,187,419.70 Margin Ia. Paid 0.00 -1,770.70 Repurchase Int Exp. .33.024.35 ,161,743.91 C Amara Debited 5.283.987.568.30 in Net Cash Aahity 300.917.06 Closin9Balance 3349,430.55 Portfolio Composition Cast Cash Equtoient 349,431 Raul Immo 12.082,817 r Cash Balance Summary OYENT4 =SAO Total 512.432,248 _ 9SLOS£00 IN9 ANGS Margin 48.513.49 349.430.55 Net Cash Balance 348.513.49 3349.430.55 027 • GOIG407 40 CO, CLEARED DIONXICTI ITS wan' (WOO 'OSSUARY Oat Mtn Stones Cars Or MesUch Cats inst Orocitr. NO. Tok 11201.1”9 FINANCIAL TRUST CO INC STAMEN,' FER100 Swaney 1.200' TNEIGLION September 30.2001 ACCOuTIT WAN* TooTAYER whet On FM LAST STATE:ROST 0/1.9114 31.2004 Your Portfolio Allocation Cash & resivalent- 2% 1..TAtele: trans troll Pest trYwa Seer slo, nal* num 71.• ilS44141 Want's*S 01.44 My. ne natiat vela 0. W., >bible ‘Tot3 EFTA01320943 CLUED TAROu0A ITS AmOttv OvisCO SuSSOwee 0 ii C in r LSLOSE00- 019- ANGS I8 IJ IJ ve) BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Beat Steams & Co. Inc. 383 Madison Avenue New York. New Yak 10179 4 • Y Your Portfolio Holdings CASH & CASH EQUIVALENTS DISC0PrON CASH BALANCE TOTAL CASH & CASH EQUIVALENTS $349.431 Srm000C-ESP WASS (SWAM> CURRENT CUAInTIV PM( YItUI mAtal NOM 7110 Iw 349.431 EQUMES Equities & Options ACC; IMPAET 13111100) CI. UT DI3CRIDON 3,1410.0a/V 117E OW/MY Mtn VAWE A*AJM. NOM YAW (%) CALL TSY 43/4 08/14 9272250 hIRGN 25.000.000 Unpeced EUROCALL SINN 1018 DP lOttv2034 Total Equities& Options SO SO TOTAL EQUITIES SO 50 FIXED INCOME Government & Agency Obligations Beet Si..',. SetmiO. Crp Oft IMICCal, Carew um bOc 14 NM Yea 112014450 FINA NCIAL TRUST CO INC STATPAP1T PEAWO Septernba 1. 2004 TROU3H September 30.2004 ACCecteT wheat DAPAvrA MAMA CIArde UST STATtutVi Aupat 31. 2004 ACCT ACM= Una= CURRIlit 01.30.11011 SYMBOLOJSIP ME Tawny PM( MOW YAWL SAWS? AMYL MOW YEW (A) FEDERAL HOME LOAN MTGCOR9 31393FAF3 MRGN 16.822.518 9.4056 1.582261 39.894 957.369 60.5064 SERIES 2530 CUSS SE DATED DATE 10'1 1/02 90:6 ENTRY ONLY DUE 02/1512032 5.691% FACTOR • .28037531 027 1001.04:07:0 C01 V843 EFTA01320944 =ARCO nova& as i.s.4OLLY OANED SLISSOar BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue 5 Your Portfolio Holdings (continued) Government 8 Agency Obligations (continued) DISORP110•1 swim/CUSP ACCT nvf CeSNITIY Pita .A.RW MIS ACCRutO DaTOEST amp= Natal OCCOM CURRUR TIOD(? FEDERAL HOME LOAN MTG CORP 31393F086 MRGN 7,216.068 8.5764 618,880 15,908 381.802 61.6924 SERIES 2526 CUSS SI DATED DATE 10.01P2 BOOK ENTRY ONLY DUE 021152032 5.291% FACTOR - .28037530 FEDERAL NATIONAL MTG ASSN 3136FALQ1 MRGN 4,154.921 82.8750 3.443.391 3 42 0.0012 -n 51RP WIG SERIES 322 CL PO DATED DATE 03/01102 8000C ENTRY ONLY 03/01/2032 .001% FACTOR - 1.00000000 C FEDERAL HOME LOAN MTG CORP 313927652 MRGN 14.605.132 8.1146 1.185.155 32.200 772.758 65.2031 in SERFS 2483 CL SL DATED DATE 07/02/02 BOOK ENTRY ONLY DUE 03/1512032 5.291% FACTOR - .25318800 FEDERAL. NATIONAL MTG ASSN 31393C2C6 &CRON 14.952.094 9.6790 1.447.218 10.717 771.528 53.3111 SERIES 2003-49 CLASS SW DATED DATE 0413003 BOOK ENTRY ONLY DUE 01/25/2033 10% r FACTOR - .615141 5.426 Total Government& Agency Obligations 58.276 905 598.722 52.883.499 Bs. Stars Ssantirt Corp. One Ibrouxil cat &Olen Wm at 20 .1S$9 FINANCIAL TRUST CO INC sTATiliERT etitc0 Septienter 1,2004 outouca. Septerter 30.2006 Acs0OLNT NIMES TAKPAYEst Panel On Ale LAST sletwewr ergot 31.2034 8SL0SE00- O19- ANGS IS b.) Ja UN O O27 1001040749 myl VSS) EFTA01320945 BEAR STEARNS OFFCE SEWICING YOUR ACCOUNT Beer. Steams & Co. Inc. 383 nnacison Avenue New York, New York 10179 $ ar Your Portfolio Holdings (continued) Corporate Bonds eLLAREO THROVON vmcuy OA ED 9LOSIOWIT, Dar Steens SeCultics CCIP. a. Metcle0I Cele Irentl laarev 3999 FINANCIAL TRUST CO INC STATEMENT PPIDOO SeOleInSe 1.2004 1/4.0LCN September 30. 2D34 AOCCTUNT TAxPAYEA µHER On Fie LAST STMT./EST Auguu 31.2004 C) 0 m DESCRIPTION swax,cuso ACC' nit Walt/ PREY PARFET =PE ACCRUE() POMP ESIVATCO µM.14 &COME CUSRo EAT It 04 FANNIE MAE CMO/SERIES 2003.13 31392I0K2 S RCR4/0 TOR DATED DATE 02/25/03 BOOK ENTRY ONLY DUE03/292033 6.160% FACTOR . .59352801 Total Corporate8onds .V.RGN 29,676.398 12.8247 3.805,912 53.805.912 25,390 525.390 1.828.066 51.828.066 48.0323 TOTAL FIXEOINCOME 412.082.817 $124,112 44.711.565 C rn YOUR PORTFOLIOHOLDINGSACCRUED INTEREST S124.112 YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME 54.711.565 YOUR PRICED PORTFOLIOHOLDINGS S12.432.248 r 6SLOSEOCIA19- ANGS Repurchase and Reverse Repurchase Transactions with Bear, Stearns& Co. Inc.outstanding as of date of statement OtAftattl SIAM OM REPURCHASE DATE PRICNC RATE PURCRASt MCP MRCS.; ACCRUED REPO NTERESP COPAIITY dia µCORD CUSP OFSCIESPnC•I YOU SOLD GOVERNMENT NATIONAL MEG ASSOC (REPO) 07/09/04 10/12/04 1.790 -5.866.000 44.500 -44.000.000 38374F087 SERIES 2004-5 CLASS P 5.1387 02/20/33 YOU SOLD (REPO) 09/14104 10/12/04 1.980 -7.320,000 4,844 -50.000.000 3128CW67 F N L M C • STRIP PRINCIPAL ONLY 021 1001.43t07:40 CO1 Yen EFTA01320946