EFTA Document EFTA01321534

Statements CONFIDENTIAL SDNYG,00351979 EFTA_00224671 EFTA01321534 CLOflD 111ROUGA r7S. MMOLLY OverE0 SUSSOVAY SCAR STURNS OFFICE SERVICING YOUR ACCOUNT Sae. Steams & Co. Inc. 383 Madison Avenue New York New Yak 10179 Beet Sean Soviet Cap, 0.. atrotah Caner Math tba:Nr. New The 11201.3.59 FINANCIAL TRUST COMPANY INC INVISTMEN1 estaissionw ZICHERMANIRA TELEPHONE WM OUR WEBSITF waw.bearstearrwcom What's In This Statement Financial Summary 3 I lllll hind II IIIIIIII II FINANCIAL TRUST COMPANY INC rarnetwr PFA00 taeocKw ACCOJKT MAMA Twomne Name !Aar sTA/ENVIT lone 30. 2007 kW 11.2007 On Re Jule 29.2007 Your Portfolio Holdings 4 C/0 AMERICAN YACHT HARBOR Transaction Oetall 6 6100 RED HOOK SUTE 8-3 Fund Activity 7 OUAETERS *2 O Your Messages 9 ST THOMAS VI 00802.1348 E I m Your Portfolio at a Glance Market Value of Your Portfolio 112.552.872 TOTAL VALUE Of SECURITIES THIS PERIOD 78,153,540 Cash & Equhaare dr . 1310523S' S7407439 MONET PAWMET FUND BAUXCE 12.552,872 178.151540 (punts 581.581379 NIT scum TIC PIIIIJOD $90,706,412 IM Cowed market vibe r NET COUTO LAST STATEMENT CHANGE SINCE LAST STAMMITO 77.359,175 13,347,237 Last statements market vat* CI Shan natter La 086ISEOCIN9- ANGS 8 b.) IpJ -J IJ There are no 'Stop Loss' orders or other pending buy or sell open orders on fde for your account. Amass moan rr, Morena cnannratt of <Mai a a:4011. reared a *Maid b ya• Cheat Samoa ai*S143F-Ba wt. a Oat &wee meow Dan Latta Cup. Pie Ileenadt Craw %eV, beelden M' X69 027 am OW summary is for informational ptrpOSIAS only. It is ria intended as a tat ;SOCOTRA'. nits statement should be retained EX your records. Soo reverse side for important mbernation. TIM ,07:07.11 001 vol I EFTA01321535 CLEARED THROUGH ITS WICU.? OAT= SUIROGRY Om. Swans SeARON OYA 0. LegoMN CRAW Plat V 11301450 FINANCJAL TRUST COMPANY INC 0 z ii C in z -H r INTSEOCIA19- ANGS 8 IJ IpJ —J STATEMENT BACKER IS PRINTED ON THIS PAGE 027 OSOTN)AT.1S COI 8315 EFTA01321536 Fn IS IJ IpJ --J BEAR STEARNS OFFICE SERSCIA% YOUR ACCOUNT Bear. Stearns 5 Co. Inc. 383 Medium Avenue New Yak, New York 10179 3 oi Cash Flow Analysis ma %ROO Income Summary DC POND 11* to 0.414 Opening Balance S-7,407,438.53 Dividends 82.958.50 834.823.38 Credit Balance it 0.00 44.54 Smunlies Sold 1.289.086.17 0 0 Money Fund Raids Deposited Dmdendsanterest 7.587.984.31 5,124,265.28 41,600.00 Total Margin In. Paid 582,958.50 .33,487.28 $834,867.92 -40.905.81 miscellaneous 10,457,933.00 m Amount Credited 524.500.848.74 Portfolio Composition CasNeash Equivalent 12.552.872 C Securities Bought -125.700.00 Equities 78.153.540 in Money Fund DivilendsAntemst Clem* -18.934.242.93 -33.467.28 Total 590,708,412 Amount Debited 5-17.093.410.21 Na Cash Actaky 7.407.438.53 r Closin9Balance 50.00 Sr. ay rya, Of can DONNA Pcseel Mat a, reOlhadoe men Z86TS£00- 019- ANGS Seder, sant trot n4 am tidy Sr nM n, t115 To64. saxer h tea Cash Balance Summary OPtiaall -7,407,438.63 moon 0.00 Not Cash Balance S-7,407,438.53 $0.00 0•01.7.07:19 001 S CTLARPO THAGJOH ITS •AITTALY PINED SVILSOAFTT isa swam Stoats GYP. Mertach UMW Ike can a. TO 3159 FINANCIAL TRUST COMPANY INC STAMEN,' PER)C0 Ant 30.2007 11401/0.1 Sly 31.2007 ACCOLM LAMP TAXPAYER 14.AEWR On Ale Qat aniewerr Ant 29. 2007 Your Portfolio Allocation qutin 86% Urshigel Salem Oral OW Onew• snit , s•al ~TR nthakT Tt pbor*•.m apemen". M aTITTC tan tT• sendta owlet Me d ste Denbo EFTA01321537 CAJAMO ThROLCO. rtF wAstAY 0.4140 SLAISANARY 0 0 m C in r ENTSEOCIA19- ANGS IS IJ IpJ —2 BEAR STEARNS OFFICE SCFMONC YOUR ACCOUNT Bear. Stearns 6 Co. Ire. 383 Madison Avenue New York. New Yak 10179 4 J5 Your Portfolio Holdings CASH & CASH EQUIVALENTS AWAIT DESCRIATON STAIOUCLISO OIMUMIT VOICE YAWL DREYFUS CASH MANAGEMENT-Ct. A 010C( 12.552.871.62 1.0000 14552,872 INSTITIMONAL SHARES EST. 30 DAY AVG YIELD 5,2100% TOTAL CASH & CASH EQUIVALENTS 512.552.872 EQUMES Sea, Scan Sean* COIL PH ;Arrow. Crew *no 0•00dr. No. Volt 11201.365.0 FINANCIAL TRUST COMPANY INC STATSWM' PEA= An 30.2007 THROUGH key 31.2007 Ante NT %AMA TAAPATCA AAJSM On File LAST SIMIANS Aine 29.2007 Equities & Options The research ratings for Boar Stearns (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 fawns: 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 iv Market Weight MU iv 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 Menai/01 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 Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at wow hewsreems rem or can call (800) 517-2327 to request that a copy of this research be sent to them. OESCRP1104 00/00UCUSIS AOLT rue OWARITY PACE VARLET wag. LSTRIAlt0 MID 00 ESSFAISID AnNlisi. WOW APPLE INC 8SC RMINCe STOCK 0/SECTOR WV SONARS ALTERNATIVE VIDAVER WPM S BEAR STEARNS COMPAMES INC BOMBARDIER INC-CL B SWAM CHOICEPOINT INC AAPL BSC BDRBF CPS CASH CASH CASH CASH 220.000 130,000 20,000 100,000 131.7600 121.2200 6.0610 38.7400 28.987,200 15.758.600 121,220 3,874,000 156,400 1.0559 427 1•011011110:111 001 VMS EFTA01321538 En I8 IJ IpJ a 0 -n C in r P86TS£00- 019- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New York, New York 10179 5 ei Your Portfolio Holdings (continued) Equities & Options (continued) DESCRIPTION SIIMOVCLSIP WPC °WITTY PACE WWI WIDE CSIWATED PM" ECCOAL WORM MON COLGATE PALMOLIVE CO CL CASH 56.200 66=00 3,709.200 80,928 2.1818 litSC RAnNG: STOCK 0/SECTOR MN DUCKNCAims RESEARCH RAMC: DEERFIELD TRIARC CAP CORP DER CASH 362.691 10.9700 3,978,720 609,321 15.3145 ENVIRONMENTAL SOLUTIONS ESWW CASH 100,000 0.7600 75,000 SCettiVADE NC LEHMAN BROTHERS HOLDINGS PC LEN CASH 100.000 62.0000 6.200.000 60.000 0.9677 WYNN RESORTS LTD WHIN MRGN 160.000 96.5600 15.449.60:0 BSC RAlittt STOCK 0/SECTOR Law WALL STREET STRATEGIES RAMC: B Total Equities& Options $78,153,540 $916.649 TOTAL EQUITIES 378.153.540 $916.649 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $916.649 YOUR PRICED PORTFOLIOHOLDINGS $90.706,412 027 CIEMED tligatGli ITS W.O.LY OARED SUESPARY Des. Sten SetteCtet Cap. Cne leetntecn Leers Math Bnx7Rft ihrit Yort 11201.3359 FINANCIAL TRUST COMPANY INC summer Pomo Ai 30.2037 TRROJOR 94 31. 2C07 ACCONN NUYS TAXPAYER Mabel Da Fr LAST STATOWENT Are 29.2007 08101.07:07.19 031 1.015 EFTA01321539 CLEARED TIPCO2.1 ITS VWCALY 0.04E0 SLOIRDARY BUR STEARNS orner SERVICING YOUR ACCOUNT 8oac Stearns b Co. Inc. 383 Madsen Avenue New VOTE. New VC • D179 Transaction Detail INVESTMENT ACTIVITY Bea Sten Satin Co, Orellesown Cs WWI sal 11201.3859 FINANCIAL TRUST COMPANY INC STATOR:se PIROD kne 30.2007 TWICo3n lull 31. 2007 ACCOuTer WAITER TwAYER ?MODS On Fie LAST STATEMENT Two 29.2007 SEMPAEW DATE DA TE TRANSICI171 COMPTON smeasour OUINTry PRICE DEW MOW CREPT YOUNT 07/13107 07/10107 BOUGHT BOMBARDIER INC-CL B SULVTG BORN 20.000 6.28500 125,700.00 62007071056995 I$ 070710 REPORTED PRICE 0 6.225000 DEFERENCE .0 .060000 07/26107 07/23/07 SOLD DEERFIELD TRIARC CAP CORP OFR -17.500 13.46190 234.52%64 -n AVG PREF SHOWEDETAILS ON RUT wiscucrito 07/27/07 07/24107 SOLD DEERFIELD TRIARC CAP COPP OFR .82,500 12.B4270 1.054.556.53 AVG PRICE SHOwN.DETNLS On REO UNSOIJCITED r C n r TOTAL 5.125.700.00 51.289.086.17 DEPOSITS AND WITHDRAWALS DATE TRINEACTI311 DESCRIPTOR DEW Anton CREW AMMO 07/13/07 FUNDS REC ENDS WIRED TO CIDEIAMC FROM 1,695.26 CS uC PRIME BROKER 5077194111E301 07/17/07 FUNDS REC FNDS WIRED TO CMBANK FROM 122470.00 MORGAN CHASE BRIE I30071984292301 07/17/07 FUNDS REC ENDS WIRED TO [MBANK FROM 5.000.030.00 TALLOW SAW NA f057196000001 TOTAL 55.124.265.26 S86T SEOCIA19-ANGS 8 b.) —J Ip J 08.01070/:19 C01 1015 EFTA01321540 rn IJ IpJ 0 -n C in r 986TS£00- 019- ANGS BEAR STEARNS OffICE SERYECING YOUR ACCOUNT But. Stearns 8 Co. Inc. 383 /Jalisco Avenue 10179 CasJelD 111901.49 rib 1114011Y CweaCO SUSSOARe isw. Wan. lames Ca. 0.61thentoch Center 'arm 1601061. Yaw Vora 117014699 FINANCIAL TRUST COMPANY INC 7 a o Transaction Detail (continued) STATEWE14 111900 AIM 30.2007 ThRooco. July 31.2027 ALLOW, 194.1166 10:6ANTR 164/069 On Rh MONEY FUND ACTIVITY .MT Rumen? An 29.2007 OAT onceronat SHUKteuS• OM MOM OCR PAW Atav nunscnow 06/30/07 OPENING BALANCE 3,185,234.50 07/02/07 BOUGHT DREYFUS CASH MANAGEMENT-CL A eann.mONAI. SHARES DID3L 457.933 1.0000 457,933.00 07/02837 DMOEND DREYFUS CASH MANAGEMENT-CL A DICU 21.358.50 ICSTITUT/ONAL SNARES MONTHLY MOM 07/02/07 REINVEST DREYFUS CASH MANAGEMENT.° A DICOC 21,358.50 21.358.50 INSTITUMNAL SNARES DIVIDEND REINVEST 07/13/07 BOUGHT DREYFUS CASH MANAGEMENT.CE A DIC30C 4.000,000 1.0000 4.000.000.00 INSITILMONAL SNARES 07/13(07 BOUGHT DREYFUS CASH MANAGEMENT-a A °IOC( 8.001.695.26 1.0000 6.001.695.26 INS1MITIONAL SNARES 07/13/07 SOLD DREYFUS CASH MANAGEMENT-CE A DICXX -125.700 1.0000 125,700.00 INS1UVTIOALU. SNARES 07/17/07 BOUGHT DREYFUS CASH MANAGEMENT-CE A DICKE 5.000.000 1.0000 5.000.000.00 INSITTLMOIAL SNARES 07/18/07 BOUGHT DREYFUS CASH ft4ANAGEMENTCE A DICE( 122.570 1.0000 122.570.00 PORTIMONAL DIMES 07/18/07 SOLD DREYFUS CASH MANAGEMENT-CL A CICOL -7.407.438.53 1.0000 7.407.438.53 061171MONAl SHARES 07°3/07 SOLD CftEYFUS CASH MANAGEMENT-CL A CCICE -33.467.28 1.0000 33.467.28 0811TUTIONAL SHARES 07/26437 BOUGHT DREYFUS CASH MANAGEMENT.CL A iornmONAL SHARD DC° 234,529.64 1.0000 234,529.64 07/27/07 BOUGHT DREYFUS CASH MANAGEMENT-CL A DOC( 1,096,156.53 1.0000 1,096,156.53 MMITuDOtatE SHARD 027 0901.07A17:10 001 EFTA01321541 0 Tz 1 1 r L8615£00- IND- ANGS I 8 IJ IpJ —J BUkR STDM2NS OFFICE SERV1C1NG VOOR AVJGONT Beat, Sterns & Co. he. 383 Mad6on Avenue New VOL New YOlk 10179 8 en Transaction Detail (continued) MONEY FUND ACTIVITY (con6nued) 017C 1ROPLY TRANSACTIN OISCROWN SvideOUCUSP CLFAREO THROUCH ~IN ~ED ILISSINNY bug Slums Stan Cop OroMetpaph NS« An . Net Vat 11201.1339 FINANOM TRUST COMPANY INC IWATDANT M.00 1une 30.2007 NIWVOM 1U1s 31. 2007 ACCOUNT manen 7NOWYER ~101 On ne LAST srArnotr lus 29.2007 ONMIN Fot OOM Meun' 010211 alK1 07/31t07 CLOSINGBALANCE 12,552,871.62 TOTAL 57.587.964.31 DMDENDS 64Te beIRSI1011 NaNtUSP ONICITt RMT 111 DEN WORST CREW AW3U117 07/27707 BEAR STEARNS COMPANIES INC 130.000 0.3200 41.600.00 PEG 07/17/07 PAY 07/27/07 TOTAL 341.600.00 INTEREST DATE CESCRIPTION 07/23/07 INT 0B038.66056 0841 • 07/20 006 .0277911 BAL 0 AVG 6062609 TOTAL 5-33.467.28 CSANIWY RATE CSIST ~WI Ot= AW71;1:1 33.457.28 MISCELLANEOUS art MOM TRASSANON DESCIWZ111 NW1mOU111 CRWIT wauw 07/02/07 JOURNAL FROM 040-51258 122.491.00 07702/07 JOURNAL FROM 037-50075 335.442.00 07/13/07 JOURNAL FROM 047-00112 4,000,000.00 027 00.01/07,01,10 001 VOIS EFTA01321542 BEAR STEARNS OrDGE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Mamie New Yolk, New Yak 10179 9 et Transaction Detail (continued) MISCELLANEOUS (continued) ORE TRAIISICTON IXSOOMICOI OM MOM CROXI MOM laltaY 07/13/07 JOURNAL FROM 047-97738 6,030,000.00 07/18/07 JOURNAL JOURNAL FROM TYPE I TO 2 7.107.138.53 07/18/07 JOURNAL JOURNAL FROM TYPE 1 TO 2 7.407.438.53 07123/07 JOURNAL JOURNAL FROM TYPE 1 TO 2 33.447.28 -n 07/23/07 JOURNAL JOURNAL FROM TYPE 1 TO 2 33,167.28 TOTAL 3-7.440.905.81 517,898,838.81 Your messages C in z r 886ISEOCIA19- ANGS I8 IpJ DO O IJ YOu are advised to promptly report any inacoaracy or discrepancy in your account to your broker and Bear. Stearns SeCuritiOs Corp. CBSSC1 at the telephone numbers listed on the front of this statement. Tn order to protect your rights, including any rights under the Securities Investor Protection Act (SIPA". any such communications should be reconfirmed in miting to your broker and BSSC at the addresses width appear on the front of this statement. STOPI End of Statement 027 CIT01.07.07:I9 COI 3011 CLEARO TROUGH ITS TROLL', GYRED as Day Sea SIR% Soon.. Q. Ot lhoointi Cet /RP ITROR. ue. TO 11201.1859 FINANCIAL TRUST COMPANY INC STATEMENT PEA500 June 30.2007 TROUGH JR/ 31, 2007 AOCORT NUMMI TARPRIA MAW an NO lAST STATOR/1T lune 29.2007 EFTA01321543 rn IS t,4 IpJ 'JO 0 -n C in r 686T SE00-019-ANGS BEAR STEARNS OMNI SERVICING SOLO ACCOUNT Beak Stearns & Co. Inc. 383 Mattson Avenue New Yoh New York 10179 atallt) floor..., 17S \MOLLY 04760 SLOSDARY Sion lavartni. Cap Ole MitraNch Cm•Art No-Si . Nes Yeti /12014639 FINANCIAL TRUST COMPANY INC STATEMENT PE11700 kn. 1.2007 TI.f7“10.04 lune 29. 2007 ACCOUNT NUVIIIA TAJOAVeR NUMOIYI On Fie Ler roarwort May 31.2007 FINANCIAL TRUST COMPANY INC C/0 AMERICAN YACHT HARBOR 6100 RED HOOK SUTE B•3 OUAETERS *2 ST THOMAS VI 00802-1348 g& Pursuant to your preciously 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. Manny 1 EPSTEIN & CO 457 MADISON AVE 4TH FLOOR NEW YORK NT 10022 027 0610.07.07.43 COI EFTA01321544 rn IS IpJ IJ IJ m C in r 066T SEOCIA19-ANGS BEAR STEARNS OFFICE SEMI% YOUR ACCOuNT Bear. Stearns I Co. Inc. 383 Madison MI2M.18 New Y N Y 10179 OLEWO 774010uCei ITS bestir crane° 8.880fAlly Oa *en Sautes CO* Cr. Meettech Wow No% Re Wen thw at 20 3859 FINANCIAL TRUST COMPANY INC INVESTMENT PROFESSelmt ZICHERMAN.IRA TELEPOCNE (212)272.4189 VISn OUR WEBSDE mvebearsteams.com What's In This Statement Financial Summary 3 Illnlellrnrlrrl,II I FINANCIAL TRUST COMPANY INC sTATIL.7.7 ;IMO ntitOuO74 AtC0feti uuliett TAXasstli tatiteert LAST STATVANT Ire 1. 2507 Are 29. 2007 Cn PI* May 31. 2007 Your Portfolio Holdings 4 070 AMERICAN YACHT HARBOR Transaction Detail 6 6100 RED HOOK SUTE B•3 Fund Activity 7 QUAETERS #2 Your Messages 9 ST THOMAS VI 00802.1348 Your Portfolio at a Glance TOTAL VALUE or SECURmES Tin PERIOD 81.581,379 pa a EpirNwt Market Value of Your Portfolio 33.185.235 &MOWS 57.259 274 NET DEBIT MANCE -7.407,439 Mutes 381.581.379 384.751.146 MONEY MARKET FUND &MANCE 3,185,235 Current mirk* value NET EOUnY THIS PERK* 477,359,175 I M Last slattenert0 menet va1.* Inl Shan eftlrlfel value NET EQUITY LAST STATERENT 92.012.420 CHANGE SINCE LAST STATEmitur 44651245 There are no 'Stop Loss' orders or other pending D4 or Sell open orders on Me for your account. Pear won try flawed et rowan Cl crests at enaca. nasal n ante* fet *Yet Seta al 10)-081420: et etas * tan Bram Cl ewe Saes sores Cap 0.• iffrinie* Cwor monk Itreatbn 20 4850 027 5111K This sunvnaly lot informational purposes only. is not .,tended as a tax dccurnert. This statement Should De retained Mr ow records. See reverie ado for important information. O6.O8.O7O1.43 C01 W011 EFTA01321545 0 z m ci m z H r T66TS£00- O19- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 02? 0&300t07;42 001 V011 IpJ EFTA01321546 0dµ10 1111,01Gm ITS YAKUT ComseD rlISOMFrf BEAR STEARNS OFFICE 501m0iNG YOUR ACCOUNT Flew, Steams & Co. Inc. 383 Mattison Avenue Nee Yak, New Yak 10179 3wt Dr, Hurt Smumin Om Mee edi Os ISM BMW" New Tel 11231.1651 FINANCIAL TRUST COMPANY INC STATEMENT MEMO lux 1.2007 Cash Flow Analysis ma atone Income Summary 1X61FY.'0 TVA TO DATE netyJON lux 29, 2007 1400.110 AMMER 96.96,561111 50.4601 On Fie OpeningBalance 50.00 DtvidenIs 46.691.09 771,864.88 Leda isTA/TmeNT May 3..2007 Craft Balance Ire. 0.00 44.54 Maley Find 6,190,917.09 Funds Moodie! 1,023,495.00 Total $46.691.09 $771,909.42 Margin Int. Paid -7.438.53 -7,438.53 O Amount Credited 36.214.412.09 Morin Fund .1,070.186.09 m Funds Withdraw. DMderdsanterest Charged .6,144.226.00 -7.438.53 Portfolio Composition awe SSW C in Miscellaneous Amount Debited -7,400,000.00 3-13,621.850.62 CasNCash Equivalent FOSS 7,407,439 3.185.235 81.581.379 Net Cash Activity -7,407,438.53 Total 37.407,439 384 766 614 Closing Balance 3.7.407.438.53 Your Portfolio Allocation r Cash Balance Summary Snon Cat 4Equh61051 8% ayes MOMS Sash 8145.45Thkert Z66ISE00- 019- ANGS IS IJ IpJ 3o .b- 763i9in 0.00 .7,407,438.53 Net Cash Balance 30.00 3-7,407.438.53 Oil 06EXED7.97 43 col 1011 3% Eq.. t 89% Lfrieloon 14:exre Oxon aebt baSm,e Vo.. M The alociioi genceiale 00-..0 I.,••M an** nets. .at.  )0.• olbb EFTA01321547 0 -n C in r £66TS£00- 019- ANGS BEAR STEARNS °MEE SERVICING YOUR ACCOuNT Bear. Steams b Co. Inc. 383 Mediscn Avenue 10179 4 OICASSO ThROL41, owcD 14111.0 Y M=. Seers Sonnet Corp One II•Tetetti Criar North BMW. W. T01 11201.3159 FINANCIAL TRUST COMPANY WC STATES/Ohl (VICO Mt 1. 2007 TIIIi0u111 An 29.2007 ACCOLN? NVI/OFFI Your Portfolio Holdings CASH & CASH EQUIVALENTS TAYAWER n JaER OVI Fik LMT STAMIEN? May r, 2007 LIMET INISCIIPDD11 TOA101./CLISIP W4 CASH BALANCE -7,407,439 DREYFUS CASH MANAGEMENT-CL A DIOX 3,185,234.50 1.0000 1185,235 ieSTITUTIOrat STORES EST 30 DAY AvG YIELD 5 2200% TOTAL CASH &CASH EQUIVALENTS 54.222.204 EQUMES Equities & Options The research ratings for Bear Stearns (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; U = Underpedonn. 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 4, Market Overweight MW = Market Weight; MU = Market inderweight. In cases where the BSC rating is present, the name of an independent. thard•party research provider and their rating may also be displayed. where such research is available. The various providers use different ratings systems and have normakzed 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 soficiting 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 aura hearktearnk OfILO or can cal (800) 617.2327 to request that a copy of this research be sent to them. ACC1 DESCRIPIXY4 SOAIKIX1411. nn APPLE INC MPL CASH BSC RATING: STOCK 0/SECTOR AIM BOYAR'S ALTERMAIM VIEWPCNT RATING: S 0114011Y 220.000 WORT ESTIM0110 (SWAM PREZ VALUE Alla WOW TIO.DOS1 122.0400 26.848.800 BEAR STEARNS COMPANIES INC BSC CASH 130.000 140.0000 18,200.000 168.400 0.9143 02? 01O300/107,11 D31 0811 EFTA01321548 rn IS b.) IpJ 30 BEAR STEARNS OFFKE SERVKING YOUR ACCOUNT Bear. Steams .6 Co. Inc. 383 VeCson Avenue Nr-A Y,re New Ycek 10179 CLEARED %ROUSH ITS WnCt49 OnwEO 85,84%599 In, Sera %ORO, Cal. One %Wan, cn Nap 11, Wet 1341 11201.3859 FINANCIAL TRUST COMPANY NC 5 pro Your Portfolio Holdings (continued) sThrewevT [ago hey 1.2007 /locus. Awe 29.2007 ACCOUNT RAISER %PAYEE RAMA On FY Equities 8 Options (continued) LAST SELTEvert Mai 31.2007 ACM' 1A/Altil 138111WID MOM= OtSCRIET1011 SWUM/ not omen. EWE VALUE MOWN INCOME 111D 119 CHOICEPOINT INC CPS CASH 100.000 42.4500 4,245.000 COLGATE PAIMOLNE CO Ct. CASH 56.200 64.8503 3.641.570 80,928 2.2205 0 BSC RAMO. STOCK 0/SECTOR MW BUCKRIGHAM RESEARCH RATING: 8 DEERFIELD TRIARC CAR CORP OFR CASH 462.691 14.6300 6.769.168 777.321 11.4833 -n ENVIRONMENTAL SOLLMONS ESWW CASH v.cimmvo4 INC 100.000 0.7800 78.000 C LEHMAN BROTHERS HOLDINGS INC LEH 'ASH 100.000 74.5200 7.452,000 60.000 0.8052 in WYNN RESORTS LTD WYNN BSC RATIM STOCK 0/SECTOR MW WALL STREET STRATEGES 160.000 89.6490 14,343.840 RAI% B Total Equities& Options S81.581.379 31.084649 TOTAL EQUITIES S81.581.379 $1.084,649 r YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME 51 .084.849 YOUR PRICEOPORTFOLIOHOLOINGS S77.359175 V66TS£00- 019- ANGS 021 0611007,1,13 001 VOI 1 EFTA01321549 CLLAAIO 1114COR. ITS WhOLLY 00040 SISSIWAY 1.77 8 b.) U.) 00 --3 C)0 -n C rn r 566TS£00- 019- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Rear. Steams & Co. Inc. 383 MaClan &once 6 CI Transaction Detail INVESTMENT ACTIVITY Soar. SaroniSantes Rep • - Carter AVM Pally. hea York 112014/50 FINANCIAL TRUST COMPANY INC STATIPAPIT !PROD kine 1.2007 TPACIA304 hoe 29.2007 /CLOW' mans T/JAATER suulsta LAST STATE ...DC MAy 31.2007 SRTUDATIO RACY DATE OAR 11WITAC11011 common swinCOW MIcHret MIS DENT Aare CATOrt ALICIA!! 06/15/07 JOURNAL WYNN RESORTS LTD WWII! 460.000 JOURNAL ROA TYPE 1 TO 2 06t15/07 JOURNAL VANN RESORTS LTO WINN 160.000 JOURNAL FROM TYPE I TO 2 TOTAL DEPOSITS AND WITHDRAWALS DATE TRANSICON DISCRP11011 OM AMOUR Tina AMXIM 06701/07 FNO WIRED MDARMI1145328FNDSVARED ID 1.000.000.00 06006/07 FAO VARED "ORGAN CHASE WOG NA £739110438 10407607 IADARM0.14794SENDS WIRED TO 1.000.000.00 0613707 FND YAM) MAORG.W CHASE a NA £739.110110 FDIOMISS MDA.M6463372FNOS %MED TO 1.000.000.00 06/18/07 FUNDS KC JINA3RGAN CHASE BAWL NA £739.110438 FD003937 INDSWIRED TO CITIBANK FROM 1.023.495.00 06/19/07 FND WIRED C:5 UL PR0.0. BROKER 50771691018401 MOARBA225658ENDSVARED TO 111,220.00 06/27/07 1110 WIRED GRIMM( NA £85766326 F1001662 WM4,2007061903136031 MDA.M6463524ENDSVARED TO iorocioso "MORGAN CHASE MNIL NA £739110436 FMOSS92 on OMOINOTA3 COI EFTA01321550 IT1 8 IJ R.2 00 00 0 m C rn r 966TS£00- 019- ANGS BEAR STEARNS MICE SERVICING YOUR ACCOUNT Bear. Steams & CO. Inc. 383 Madison Avenue New Yea, New York 10179 7 en Transaction Detail (continued) DEPOSITS AND WITHDRAWALS (continued) DAR reanstmet Mamma 00,1 AtOM 06/28/07 END ?ARM) MOARCT111916FNCIS WIRED TO 1.000.000 00 in/ORGAN CRAW BANte. NA X739110431 C•358358 TOTAL 011011 MOW 5-5.144.226.00 51.023.495.00 MONEY FUND ACTIVITY DOC MICIAY TOMMOION oEsownim SYMIPLOJSIP CLAM) THROJGalCs %MOLLY Ovamb Saritakav Bea. Steam Scram Cep. OM Manama Comm Nam IMO* ae. at 1201.31150 FRANCK TRUST COMPANY INC STA7EvENT Palt100 Ara 1.2007 THROuOm Are 21.2007 ACCOMr raMaan TIXPANTA NIAMEA On Fee LAM STAMMMT May 31. 2007 WORM RIM OCIII MOM CREW ARCM 06/01/07 OPENINGBALANCE 7.259.274.41 06/01107 SOLD DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SURFS DEM -1,000.000 1.0000 1,001000.00 06101/07 DMDEND DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DICM 46,691 09 UONTILY DIME?* 06/01/07 REINVEST DREYFUS CASH MANAGEMENT-CL A CCU 44691.09 46.69149 INSTITIMOWA SHARES DIMINO REINVEST 06/06/07 SOLD DREYFUS CASH MANAGEMENT-CL A ISTITUTIONIL SNARES 01030 -1.000.000 1.0000 1.000.000.00 06/13/07 SOLD DREYFUS CASH MANAGEMENT-CL A a SHARES C4C70( .1.000.000 1.0000 1.000.000.00 06/0307 BOUGHT DREYFUS CASH MANAGEMENT-CL A edniunauL mums DK30I 1.023.495 1.0000 1,023,495.00 06/1 9/07 SOLD DREYFUS CASH MANAGDAEM-11 A -144.226 1.0000 144,22603 INSTITunORN. SNARES 06P27/07 SOLD DREYFUS CASH MANAGEMENT-CI. A DC/2 -1.030.003 1.0000 1,600,000.00 INSIMMONAL SNARLS 027 0140720:07,43 001 4011 EFTA01321551 aLAALD 1114CWH rS Yn•CtLY OWED WWW.Fre C)0 -n C in r L66TS£00-019-ANGS IS b.) IpJ 30 BOAR STEARNS OFFICE SUM% YOLK ACCOUNT Sear, Stearns & Co. Inc. 383 Macloon Avenue New YOrk, New Yak 10179 8 o, Transaction Detail (continued) MONEY FUND ACTIVITY (continued) Dan LIDOAY IRANSACTION OiFSCROIKei 06/28/07 SOW DREYFUS CASH MANAGEMENT-CL A INST1TUTKINAL SHARES SYWOLICUOR WNW NICE DICU -1,000,000 1.8.030 Sax. beans Sean*. Cat. IMc cave Noy, Orteur. he. Von II701.35SO FINANCIAL TRUST COASANY INC STATEN'S.'" PESfoo lune 1.2037 THROWN lune 29. 2007 ACCOUNT Wall TWAYCIT N.M On Ft. LAST STAIDANT May 31.2007 OEM /MOW MDR MOW! 1.000=03 06/29/07 CLOSINGBALANCE 3.185.234.50 TOTAL S-1.070.186.09 55,190,917.09 INTEREST DATE CCSCRIPDN. CLAN C4MUMEY WE ti OW! AWLINI CRUX/ AVOulir 06/21107 INT 0803066056 7,438.53 05/21 - 06/20 106 .031259 MI. 7400000 AVG 1432238 TOTAL 5.7,438.53 MISCELLANEOUS OAT( MOOAT ntmoscnoN 06/15/07 JOURNAL TOTAL 5-7.400.000.00 OLSCRIPTICN TO 03028825 man wow 7,400,000.00 =DO MOUNT C): 06,607:07:43 POI )1)11 EFTA01321552 notocem whieu. 0m,s0 =manic,. 0 z m cim z H r 866TS£00- IND- ANGS BEAR STEARNS aria MEWING MVO WOW Bear. Stearns & 383 Madison Avenue New York. New York 10179 9 of Your messages STOP Confirnation: 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 your intention to invest such amounts through us. You are advised to promptly repon any inaccuracy or discrepancy in your account to your broker and Bear. Stearns Securities Cap. ('BSSC) et 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 De reconfirmed in wilting to your broker and BSSC at the addresses which appear on the front of this statement. End of Statement 027 I2? Bor. Stamm Secereen Coo One Stet' ' 4rtr Mtn" Onnedeee New On 11201.38S9 FINANCIAL TRUST COMPANY INC STAIlmea row° Asp 1, 2007 114.0.12.M June 29.2007 MJUSER TAxPANPER 'MOM On fie us? STATEMENT Way 31.2037 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 circumstances. such loans or Other use may Emil. in whole or in part. your ability to receive 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 your margin account that continue over record dates for voting purposes and ox-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 dividends. In an effort to maximize execution quality, Bear Stearns may route your equity orders to Its 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 minimize market impact with respect to your order. The SOR routes orders using proprietary algorithms that scan exchanges, ECtis 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 quaky, we cannot guarantee an optimal execution on any individual order. C4/3307.07 41 001 ton 8 EFTA01321553 rn IJ TZ E I O m r 666TS£00- 019- ANGS BEAR STEARNS OFFICE SERInaNC YOUR *Miaow Bear. Steams & Co. Inc. 383 Madison Avenue New York,Near York 10179 !Marmara PRomsmorm ZICHERMANARA TELEPHONE (212)272.4189 VW OUR *Warta sawa.beanteams.com What's In This Statement Ill. .Ilrrrlrrl.Il.....I.I..,Il,,lI,,I,.II,,I,I Financial Summary 3 FINANCIAL TRUST COMPANY INC Your Portfolio Holdings 4 C/O AMERICAN YACHT HARBOR Transaction Detail 6 6100 RED HOOK SUTE B-3 Fund Activity 6 OUAETERS 4.2 Your Messages 8 ST THOMAS VI 00802-1348 Your Portfolio at a Glance Market Value of Your Portfolio Cabs t qutniert TOTAL VAWE OF =MINES MN MEC 94.753.146 117,756.525 Warta MARKET FUND BALANCE 7.259,274 NET ICARTY MIS IMMO 592.012.420 NET EOLITT LAST STATEMENT 99.008.080 CHANGE SINCE LAST STAltmENT -6.995.660 There are no Stop Loss' orders or other pending buy or set open orders on file for your account. Equities ornate wen sin Serene. e etele•dept tl ettl. O slices Norte w r,%a b yod, Oast Seencin Y S>S404.1421t a ens b Oat avian A Su Sine. Swim. Con. CM minicaten Cann N >0 31170 027 584.753.1/6 581.251.555 Current fraititt TAUT NO Last staterrtnes manes yam CLALJTIO WriCtLY 01iSCO. SLAISCIAJTe B. Sten Secirdin One Itertitch Ono Hain Te LYN T 11231-UST FINANCIAL TRUST COMPANY NC STAMP, AliA00 May 1.2007 inTiOJOH may 31.2007 ACCO Nana TOLAPAVSR MAMA On Fla LAST STATE erre Aar 30.2037 ac This summary 6 for Seeman/nal ptttposes Only, It is mat intended as a tax document. This statement should be retained for Our rec01115. Gee reverse side for important information. 050107.05.44 001 Y010 EFTA01321554 awed lwarw rrs wsass OsSIED eisfiv Sea. San Sectors Cap. Ose Mntmc Cs.* has Ore-Abs hes Sort 11201.3859 FINANCIAL TRUST COMPANY INC 2 (-) 0 z m cim z H r 000ZSE00- IND- ANGS I IJ IJ IJ STATEMENT BACKER IS PRINTED ON THIS PAGE 027 CflO1 t; -31 44 CC' 1O12 EFTA01321555 BEAR STEARNS OFFICE SERVICING MR ACCOUNT Bear. Steams 6 Co. Inc. 383 Madison Avenue ctk 10179 3 e Cash Flow Analysis DC P0000 Income Summary "15 MOOD YE* TO DAN Opening Balance 30.00 ()Words 302.749.37 725.173.79 Credit 00411C0 kW- 0.00 44.64 Maley Fund 10.873.187.15 Deldendaintarest 229.562.22 Total 3302.749 37 5725.218.33 Amount Credited 311.102.749.37 Monty Fund .302.749.37 Portfolio Composition -n EMIRS Wittdrase Amount Debited 40.800400.00 3-11,102.749.37 cosmos], Four/Nem Equities 7.259.274 84.753.146 C in z -H Closing Balance SOSO Total 392.012.420 r TOOZSEOCIA19- ANGS 8 b.) IpJ et, 0601'07..05 :44 001 %WO Camera nama.08 RS :MOLLY RAMO SuMISMOw Sam Smarm Scant Ca Cra Aleetad, Orbw NOM km Tin 11201.38S9 FINANCIAL TRUST COMPANY NC :TATUM..? PERON May 1.2007 1440LICRI May 31. 2007 AIXO NY ROMER TAXPAYER MaSER On HIP rAFT $0.104EM Ape 30. 2007 Your Portfolio Allocation Equities 93% lesitates .wren der gee err arra Vol tsar rat. RR *Rolm W0104/40 cares sr tit nic nor vaa d 'at WIWI) EFTA01321556 CLEARED 114A0Veal ITS Vaal. OWarS SAJIMOMEE to IJ IpJ 0 -n C rn r ZOOZSEOCIN9- ANGS BEAR STEARNS OrlICE SERYCING YOUR ACCOUNT Bear. Steams a Co. Inc. 383 Madison Avenue New Yak. New Wyk 10179 4 to s Your Portfolio Holdings CASH 8 CASH EQUIVALENTS CLESCMPTION SYMEOLCUSIA DREYFUS CASH MANAGEMENT-CL A DICK( INSTITUDDNM. SHARES ESE. 30 DAY AVG WELD 5.1900% TOTAL CASH & CASH EQUIVALENTS 57.259.274 MAAP0177 7.259.274.41 MOMET MICE VALUE 1.0000 7.259.274 EQUITIES sew. Ron stoats Omp. 0 -•MetraMth CenLer Mat, IMEdan. tam re/11201.3MP FINANCIAL TRUST COMPANY INC STAITALCAr PPP= May 1.2007 THROVCAL May 31. 2001 ACV, KI Nati/ TA.Svait %Meat On fib LAST SWUM APir 30.2007 Equities 8 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 stocks 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; If = 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 urxlerweight. 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 ponders 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 Fent research is available to customers of Bear Stearns at no cost. Customers can access this research at Irma twarstearn‘ rnm or can call (800) S17-2327 to request that a copy of this research be sent to them, DESMITON SYMBOUCUSO AMT ME °LWOW Ma VAII011 MIK ES11P.WED Malik NONE t.SIPSITO moue APPLE INC AAR. BSC CPS CASH CASH CASH 220.000 130,000 100000 121.5600 149.9600 43.6600 28,743.200 19.494.800 4,380030 166,400 08536 BSC RATING: STOCK 04ECTOR MW BOYARS ALTERNATIVE VIEWPOINT RATING: 5 BEAR STEARNS COMPANIES INC CHOICEPOINT INC 027 CaelOT:06144 001 VOID EFTA01321557 BEAR STEARNS FINANCIAL TRUST COMPANY INC 5 He Your Portfolio Holdings (continued) Equities 8 Options (continued) STATZMIN7 elli/00 IAN 1.2007 1101MIGH /by 31.2007 ACCOlArT rabbit TObbytilt PrAlta On MA WT STATDAD/7 /pi 30, 2667 ACCT lin CSIMMIO ESTIPAITTO Or.50.110N MMOUCUS• MC OUIMIIT ME volt Maul MOW 7110 09 COLGATE PALMOLIVE CO CI. CASH 56,200 66.9600 3.763.152 00,928 2.1505 BSC RAT O STOCK 0/SECTOR MW C) BUCIMMium RESEARCH RATING: B 0 -n DEERFIELD MARC CAP CORP OFR CASH ENVIRONMENTAL SOLUTIONS ESYNI CASH wcaLIYAIX INC LEHMAN BROTHERS HOLDINGSRTC LEH CASH 462,691 100.000 100.000 16.2000 0.8600 73.3800 7.495.594 86,000 7.338.000 777,321 60,000 10.3704 0.8177 C WYNN RESORTS LTD ': CASH OSC RAM& STOCK 0/SECTOR Ma WALL STREET STRATEGIES 160.000 96.5400 15,448.400 rn RAMC B Total &MUM& Options 584.753.146 51.084.649 TOTAL EQUITIES 584.751146 51,084.649 YOUR PORTFOLIOHOLDINGSESTIMATEO ANNUAL INCOME $1.084.649 r YOUR PRICED PORT FOLIOHOL DI NGS 592,012,420 OFFICE SOWING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New Oak. New York 10179 CUAMO itiltaros WrIOLLY ebb, SvILSO0R, bay Sten Los Cap O. k bror /by, 170:107‘ /be Tot 11201.3459 ECIOZSEOCIA19- ANGS I8 IJ IpJ 027 0101/07.0044 001 1719 EFTA01321558 Fn IS b.) IpJ BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. he. 383 Madsen Avenue Nee EPS, New EGA 10179 OMAR= TISSOSLCIN rrs ve-ics.tv OW/CD SUSSMTLAY Sur, Tars Stares cop. Ono klercted. Oyes ala OLLTASA Sem Vert 11201.3519 FINANCIAL TRUST COMPANY INC 6 or s Transaction Detail DEPOSITS AND WITHDRAWALS OAR TRANSAC11041 CRSCORIEN MIR MOM CREW MOM 05/09/07 FND WRED MOMFIA8431732ENDS WIRED TO 1.000.000.00 REACRIGAN CHASE Eta NA AC739-110438 FEN034811 0 05/09107 END EARED MDAMM8431167FNOSWIRED TO SICRGAN OUSE DANK NA 7.600000.00 z 05/21/07 END WIRED ACCE30171.004 F0503631 MOAeM6437411ENDSWIRED TO 1,000,00000 m ANASRGAN CHASE Boa( NA AcT32110438 FON35495 05/22/07 END WIRED MOM/ C1089278FNOS WIRED TO 1.000.000.00 C in z J 1181ACEIGAN CHASE BANK NA AC739-110438 C1303143 TOTAL s-10.800moace MONEY FUND ACTIVITY r POOZSEOCIN9- ANGS STATEMENT PERLTO May 1.2007 THROUGH LAby 31. 2007 ACCOLAT LOSSISR TATPAVER MANES On Ft LAST STATISIDIT AT 30. 2007 GATE HOST ritiNSACTICW ocsatemoll ETHICUOISP Ouverm MCC FACUNT CREDIT MOWN 05/01/07 OPENINGEMIANCE 17,756,525.04 05/01/07 DMDEND DREYFUS CASH MANAGDAENT-CI. A MOM 73,187.15 INSTITUTION& SHARES ACITHIN DEANNE. 05/01/07 REINVEST DREYFUS CASH MANAGDAENT41 A DCO 73.187.15 73,107.15 IFSITIUMNAL SNARES °MUSD REINVEST 05/09/07 SOW DREYFUS CASH MANAMIENKL Oct -1900.030 1.0000 1.000.000.00 INSTMID:tem SNARES 05/09107 SOW DREYFUS CASH MANAGEMENT.CL A DION -7100.000 1.0000 7.800.000.00 SNARES 027 01401.047&44 CF)1 VERO EFTA01321559 Tn I8 b.) IpJ C) I I m r SOOZSE00- 019- ANGS BOAR STEARNS OFFICE SERVICING YOUR Aim MT Bear. Steams & Co. Inc. 383 Madison Avenue New York, New York 10179 7 or t Transaction Detail (continued) REARSO TAMOuOm nS WM:MY SPANS> MASONRY Seer Steams Smurtsm Cap OroIdecromat Caner Nem Iron)" Nat as 20 -3.259 FINANCIAL TRUST COMPANY INC STATEMENT PER00 May 1 2007 NISOLKIN May 31. 2007 AGLOW! mAitelt TAximves mAutitM On Fle MONEY FUND ACTIVITY (continued) LAST sTArtystit 0024 30.2007 Ulf MODAS TRAMSACTION 05/15/07 SOUGHT OESOSPTON DREYFUS CASH MANAGEMENT-CL A 061TIvIIONAL SHARES SYPASOUDJSP CIJANISY SPICE con AMOW0 MIXT AMOLAST DION 20,232 1.0003 20,232.00 05/21/07 SOW DREYFUS CASH MANAGEMENTa. A DIM -1.000.000 1.0000 1,000,000.00 INSTITUIDNAL WAS 05/22/07 SOW DREYFUS CASH MANAGEMENT-CL A 0C .1.000.000 1.0000 1,000,000.00 INSTITUTIONAL SHIRES 05/23/07 BOUGHT DREYFUS CASH MANAGEMENT.O. A DICC( 15,000 1.0030 15,000.00 INSTIRMO/tAL SUMS 05/30437 BOUGHT DREYFUS CASH IAMMGEMENT-Cl. A 0C 194.330.22 1.0000 190.330.22 INSM11113NAL SHARES 05/31707 CLOSINGBALANCE 7 259 274.41 TOTAL S-302.749.37 510,873,187,15 DIVIDENDS art DESCRISOK Sarattes OLIAMMY MR MI one WWII eSIUT Masi 05/15/07 COLGATE PALMOLIVE CO CL 56,200 0.3600 20,232.00 RIC 0024/07 PAY 05/15/07 05/23/07 LEHMAN BROTHERS HOLDINGSINC LEH 100,000 0.1500 15,000.00 REC 05/15/07 PAY C6/23/07 05/30107 DEERFIELD TRIARC CAP CORP DER 462.691 0.4200 194.33022 ACC 05/07/07 PAY 05/10/07 TOTAL 5229 562.22 021 0M01007:05,44 001 vOTO EFTA01321560 atARID 11.01.414 ITS WrIOLLY Ova4.0 SullSOVRI 0 -n z C in z -H r 900ZSEOCIA19- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearn & Co. Inc. 383 Macaw, Avenue Nes York New Y 10179 8 m1 Your messages You are achised to promptly report any inaccuracy or discrepancy in your account to your broker and Bear. Stearns Securities Corp. CBSSC") 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. STOP! End of Statement 02/ 0601,0/.0344 001 Y010 bar Len Swanton Cory Ore Maaplych Goner WM texidyy Has Yet 11201.1134 FINANCIAL TRUST COMPANY INC STATFMBIT KAPP May 1.2007 MOIOVIM May 31.2001 ACCOul1/41 Nab! - TµPAVtR MAIDDI On Fie LAS. STATOM•it Spa 30.2007 EFTA01321561 rn IS b.) b.) 'O MO, 0 -n C in r LOOZSEOCIA19- ANCIS BEAR STURNS OFRCE SERVICING YOUR ACCOUNT Roar. Steams & Co. Inc. 383 Madison Ammo New Yo& New 1'c 1. '9"79 CUOMO THROWN ITS VisiCtLY &Ken taleCteav Bove SWAIM Senn Coy. One women cHee Rem limetbet Sow Tot 11201.3959 FIRANCIAL TRUST COMPANY INC INYESINENI PROEESSCNN. DCHERMANTRA TELEPHONE (212)272-4189 VISIT OUR MORITZ weve.bearsteams..ccen What's In This Statement Financial Summary 3 IIIIIII I I II 111111 III FINANCIAL TRUST COMPANY INC STA,110.7 Pump THROUGH ACCOLIVT WIAASER TAY PAYER WOOER LKT STATEMENT Meth 31.2031 Agri 30.2007 On File Mn. 30.2007 Your Portfolio Holdings 4 C/O AMERICAN YACHT HARBOR Transaction Detail 6 6100 RED HOOK SU1E 8.3 Fund Activity 6 OUAETERS k2 Your Messages 8 ST THOMAS VI 00802-1348 Your Portfolio at a Glance TOTAL VALUE OE sccuerms THIS PtRICO 81.251.555 Casts s Eq.mMeni Market Value of Your Portfolio a 511.756525 S15.275.886 MONEY WANET MAD BALANCE 17,756.525 Levees 591.251.555 576.679.136 NET EOUITY THAS PERIOD 599.008,080 Current meat: value NET EQUITY LAST STATEMENT 91.955,222 MI Last sum-nem', reterke: value CHANGE SNCE LAST STAR:ROT 7.052.858 There are no 'Stop Loss' orders or other (muting buy or sell open orders on Me for your account. event Wen a, clVeetex• o reet-eneist dawn W sixty Maw' o aim.< to you b Cant Semen le 1720434, 4271. oe wits is Can Swore at love Sten Skull. CIO.. ,. weesesca Go-tor Min. Sono. te V $1291.9114 027 st This summary is for informational This only. It is not ',tended as a tax document. This statement should be retained TN our records. See reverse side for important inkemation. OSCoM7te4 001 VOC9 EFTA01321562 CLE0120 7.49C7.421 ITS Wit 00%.20 SL00/0*ARY eat %BIT Sans Co7. Ono Mototecri Geer kali &tour. Ma Ten 11207335.0 FINANCIAL TRUST COMPANY INC 2 0 z ii C in z -H r 800ZSEOCIA19- ANGS 8 IJ IJ STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0001/070014 COI V0011 EFTA01321563 CLEARED 1,410.0n ITS Als/011Y OtolD 9JBSOPAY I OLVZZOO- V.L43 BEAR STEARNS CAFICE SERNONG YOUR ACCOUNT Roar. Steams L Co. Inc. 383 Madison Avenue mat 10179 3 e! Cash Flow Analysis THIS MOOD Income Summary TIPS P€RY.O YD S meaty Opening Balance 511.500.600.00 Dividends 99042.68 422.424.42 Cada Balsa Int. 0.00 44.54 Money Fund 106846.63 CeAdendslInterest 41,60060 Total 5.99.042.68 $422.468 95 Miscellaneous 2,425,000.00 0 Amount Credited 52,567,446.63 z Maley Fund -14626042.68 Portfolio Composition m /Median:out -43.403.95 Celli/Cash Equtialera 17356.525 Equities 81.251.555 C in Amount Debited Net Cash Actht7 5-14.067.446.63 -11.500.000.00 Total 599.008.080 z J ClosingBalance 50.00 r _ 6OOZSEOO 019 ANOS Cash Balance Summary DFEIIga Ctedui0 Cash 11.500.000.00 0.00 Net Cash Balance 511.500.000.00 50.00 Ott 0S01/0707:14 001 1009 Ns. Swan Socuite Carp. Ow verve, Ceter lMn tealts. Nw for 1'20/ -3ST9 FINANCIAL TRUST COMPANY INC PATE...ENT PESCI) Meth 31.2037 THROUGH /117e7 33.2007 ACCOLAYI imago, TAXPAYER MARICII on FS? LAST STAINES? Myth 30.2007 Your Portfolio Allocation Case &Ewa' 18% • Caucus 82% Ursnideo tertas deTtel STA banv wow eat nalel vita Tw doeston oneitic• 4 Cone] In., rs avows nano .alue(7/mo %%IWO EFTA01321564 coat: 11410.*H 1115 nneur 0s 40 SLINSIMARv 0 0 1 1 C rn r OTOZSEOCIA19- ANGS BEAR STEARNS MICE SERV1ORG YOUR AMMER Bear. Stearns & Co. Inc. 383 Madison Avenue New York. New York 10179 a a Your Portfolio Holdings CASH & CASH EQUIVALENTS 00.01MCN DREYFUS CASH SMNAGEMENT-CL A MD 17.756.525.04 1.0000 17.756.525 PLATIRMONAL SHARES EST. 30 PAY AVG MU/ 5.16130% TOTAL CASH & CASH EQUIVALENTS 517.756.525 SYMBOL/SSP WWI ouramn MIrA YOull EQUMES Sea. Sam Soon*. Cap. Ore M5V Coape Math Ilroann 11t. Ton 11201.3559 FINANCIAL TRUST COMPANY INC slArnan.7 PERCO Meth 31. 2007 THROV011 AM 30.2001 A.CCOLRO Nuinia TAXIANSIt Man On Fib UST STATIMEWT WW1 30.2007 Equities & Options The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the BSC Equity Research Department, The first rating represents the stocks total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 a 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 (plows: MO = Market Overweight; MW = Market Weight; MU - Market undenveight. In cases where the BSC rating Is present, tho name of an independent, third-party research provider and their rating may also be &played. where such research IS available. The various providers use different ratings systems and have norrnartze0 them as follows: B = Buy; H = Hold; S — Sell (this may not always correspond aced,/ 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 wow henrstriarns rem or can call (800) 517-2327 to request that a copy of this research be sent to them. OVICAPION 511.00uGUSP KO YYPE °WOW WC( UMW [smarm RAM LAMA,. MOW £SMMRD MO nu APPLE INC 85C RATING STOCK 0/SICIOR NM sours AMUCK VIEWPONT RAM* S BEAR STEARNS COMPANIES INC CHOCEPOINT NC MPL BSC CPS CASH CASH CASH 027 220,000 130,000 100,030 99.8000 15.5.7000 37.9700 21.956.003 20.241.000 3.797,030 05010072)7111 001 166,400 04221 WOO EFTA01321565 CLIARFO Ti Ymaty aen.ED SUOSIOWW BEAR STEARNS OFFICE SERVICaht YOUR ACCOLRIT Bear. Steams & CO. Inc. 383 Madison Ammo New York. New Yoe. 10179 Boa.. Stein Swanks Col. 0n tarciabl Cerny Naat 1120148n FINANCIAL TRUST COMPANY NC ST ATIIIENT Kam Math 31.2007 Your Portfolio Holdings (continued) natOuOm AMOLW, Nubian TO:PAYER oiLwaert Pei 30.21:07 On Fla Equities & Options (continued) LAST STATEIWNT March 30.2007 ACCT WWII WPM= !SMARM DIISCRPTDII SYWOUCUSIP THE Oman. ma VALUE NAM NON( TNLO Ot) COLGATE PASMOUVE CO CL CASH 66.200 67.7400 3,806.988 80.928 2.1258 850 RAMC: STOCK 0/SECTOR um audatecauA RESEARCH RAW: B DEERFIELD TRMRC CAP CORP DER CASH 462.691 16.1900 7,490,967 777,321 10.3768 -n ENVIRONMENTAL SOWITONS ESMY CASH viC4ILDviiDE NC LEHMAN BROTHERS HOLDINGS INC LEN CASH 100.000 100,000 0.7800 75.2800 78.000 7.528000 60.000 0.7970 C WYNN RESORTS LTD CASH NC RATING: STOCK 0/SECTOR MIN WALL STREET STRATEas 160,000 102.2100 16.353,600 in RATING: 8 Total Equities& Options 381.251,555 51,084.649 TOTAL EQUITIES 581,251.555 51.084,649 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME 51.084.649 r YOUR PRICEDPORTFOLIOHOLDINGS 599.006.080 ITOZSEOCIA19- ANGS I8 IJ IJ :5.3T/07,0714 Cat EFTA01321566 -n C in r ZIOZSEOCIN9- ANGS I8 b.) IJ BEAR STEARNS OFFICE SEWING YOUR ACCOUNT Bear. Steams b Co. Inc. 383 Madson Memo New York. New Rock 10179 6 o• Transaction Detail INVESTMENT ACTIVITY CLINK° THROUGH ITS Was OWIC° WOW Sew Soothes Cap 0n Vow" OW Na n° IWO No cd, • .W FINANCIAL TRUST COMPANY INC StuKtoN POLO° Marth 31. 2007 TNevol Aperd 30.2007 ACCOLNI WEI INLPAYER POW On Fie Orr STATKON Mirth 30.2007 WWII LINX OAK CAR TIPAKACTOI DESISIKOM ONSOUCUSS COW FILE OW MI 'T KW PAW/ 04/24/07 EXCHANGE DEERCIELD TRIARC CAP CORP 244572202 462.691 ACCREDITED *NESIORS EXCHANGE 00132 04/24/07 EXCHANGE DEERGELD TRIARC CAP CORP DER 462,691 (LOUNGE 00129 TOTAL MONEY FUND ACTIVITY DAM ranCAUCN DI!ZRPTOI SVLOOLNUSIP OUN/Irr PRIA DEW AMOK° CREW At/CCNT KOOK 03/31/07 OPENINGSALANCE 3.775.886.31 04102/07 BOUGHT DREYFUS CASH MANAGEMENT-et A DICU 2.425.000 1.0000 2.426.000.00 INSTITUTIONAL SNARES 04/02/07 BOUGHT DRUMS CASH MANAGEMENTCL A DICOC 11,503,000 1.0000 11,500,000.00 INSMUTIONAL SNARES 04/02/07 DINDENO DREYFUS CASH MANAGEMENTCL A DICIIX 57,442.68 INSMUTIONAL SHAMS MONDAY OMDEND 04/02/07 REINVEST DREYFUS CASH MANAGEMENT-CL A DICU 57,442.68 57.442.68 INSTITUTIONAL SHARES OMDEND REINVEST 04/26/07 SOLD OPIYFUS CASH MANAGEMENT-CL A oisnivnottn. SHARES DICJOI -43.403.95 1.0000 43.40395 04/27/07 BOUGHT DREYFUS CASH MANAGEMENT-CL A minnow. AMES NCO 41.600 1.0000 41,800.00 OAT OSIO1J0/117:14 001 VOK EFTA01321567 O 0 z m C in z J r ETOZSE00- 019- ANGS I8 b.) IJ .9- BEAR STEARNS OFFICE SERVICING YOUR AccouNT Bear, Steams & Co. Inc. 383 Madmen Avenue Nee/ York New York 10179 7 a e Transaction Detail (continued) eLEARED laROuem 13 v.wouv avow) 9.090+m At Suers Seams Cap 0. Wraith Graf Mn itt an T1201.7439 FINANCIAL TRUST COMPANY INC STATEMENT e*0 Wirth 31.2007 MACAO+ AEA 30, 2007 ACCOLIN Mai* TAARANTA tine. On fie MONEY FUND ACTIVITY (continued) NAST STATEMENT LEMON 30.2007 ML MOAT TRANSACTION OISCRPTON SYMICUCUTP OuRinbe Kt( DEMI MAOUT.1 PEAT AMOUIC 04/30(07 CLOSINGBALANCE 17,756,525.04 TOTAL 5-14.024.042.68 5100.846.63 DIVIDENDS D40 013cRripti SYWC4/CLISP ousittty FAR ($ 04/27/07 BEM STEARNS COMPANIES INC BSC '30000 0.3200 REC 04/17/07 PAY 04/27/07 TOTAL S41 600 00 Dm MOUNT CREPT MOAT 41,600.00 MISCELLANEOUS an $4000 nemnacism oiscesmo8 at MaW CREDIT AMOUR 04/02/0T JOURNAL FROM 040-51256 125,000.00 04/02/07 JOURNAL FROM 037-50075 300,000.00 04/02/07 JOURNAL FROM 040.94084 2.000.000.00 04/26107 JOURNAL 038-660580021-52128 43,403.95 ET RVRS1. 9/30/05 5F31138 TOTAL 5.43.403.95 52.425.000.00 027 W.01070714 coi Y000 EFTA01321568 CLFMED 15/110U014 138 voicr-Lv °AWED SLOSICIARY 90LtZZOO- V1.43 0 z m cim z H r blOZS£00 IND ANGS BD;12. STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 a s Your messages STOP, You are advised to promptly report any inaccuracy or diSaepancy in your account to your broker and Bear. Steams Securities Corp. (tSSC, 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 rSIPA'), 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 117 05019103. 4 001 V009 eaw. fawns Swots Cap. Cr* /Anna° Cater 11011 Wood" Yew Yon 11201.3859 FINANCIAL TRUST COMPANY INC 878113.1ENT P1500 "WM 31. 2007 T.11108.34 April 30.2007 0.200UVT VuW8C-11 TAXwAYER WaWGER 011 Fit AST STATEMINT Math 30.2007 EFTA01321569 CUSSED THROWN ITS cosset CANSO SIASSNARY LOLVZZOO- V.L.43 0 -n C in r _ STOZSECIO IN9 ANGS BEAR STEARNS ONCE SERVICING YOM ACCOUNT Seat. Stearns & Co. Inc. 383 Madison Avenue Now York. New Vcri. 0179 IIIII IIIIIIIIIIIIIIIIIIIIIII IIIIIIIIIIIIIIIIIII FINANCIAL TRUST COMPANY INC CA) AMERICAN YACHT HARBOR 6100 RED HOOK SUTE B-3 QUAETERS #2 ST THOMAS VI 00802-1348 a... Sewn Sonnies Cow. O. 'Meows Crew Noll ermine. NC York 111014850 FINANCIAL TRUST COMPANY INC STATDerr PtS,00 March t. 2001 isitCv0.4 Match 30.2007 PLCC041 MASER TsseAviSt ,a On lie LAST StstrveNT Fettuary 28.1001 Pursuant to your previously issued instructions, Bear Stearns 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 rerrinder notice fl continue to be provided to you on your quarterly statements. DiM.P.errd 1 EPSTEIN & CO 457 MADISON AVE 4TH FLOOR NEW YORK NY 10022 027 03,9161.03,49 COI ‘C011 EFTA01321570 CLEANED Tictoixot ITS vorOELY Ont.E0 SUSSINANy BEAR STEARNS MICE SERVICING YOUR ACCOUNT Rear. Steams & CO. Inc. 383 Madison Avenue New York New York 10179 Sew. Steam Stotts. Cop. O Amnia ON Otror Man Smoot we Yon 11201-38S9 FINANCIAL TRUST COMPANY INC :Torn/ROT PERTS° Mat , I. 2007 ISIROUGR Mat, 30.2007 INVESTMENT PROFESSIONAL ZICHERMANJRA TELEPHONE (212)272.1189 ASH 011R MOSHE wiVoi.beatSteamS.COTTI What's In This Statement IIIIFIIIEEEIEIIIIItt.,r171nnnllnrllrllrrll..I.l ACCOST.° SurnitR TAXPAYER RANTER do FA< LAST S- ATELLEAC February 25. 2007 Financial Summary 3 FINANCIAL TRUST COMPANY INC Your Ponta* Holdings 4 CIO AMERICAN YACHT HARBOR Transaction Detal 8 6100 RED HOOK SUTE 8-3 Fund Activity 8 QUAETEFtS #2 0 Your Messages 8 ST THOMAS VI 00802-1348 TZ E I C rn Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURITIES TIES PERIOD 76,679.336 Cash 6 Cat:rant ai 2751841 521.645.828 NET CREW BAWICE 11,500.000 EWAN" 576679.335 MONEY TAIRKET FIND BALANCE 3.775.886 568.969.673 ORTerS marker vale r NET ROLM m PERM, NET MIRY LAST STATEMENT $91.955,222 90.615.501 - Last statorninfs mania vain NANCE SINCE LAST STATEMENT 1.339.721 9TOZSEOCIA19- ANGS b.) IJ There are no 'Stop Loss* orders or other pending buy or sell open orders on file for your account. — repot aro Sneerer or eatscsin of arms or orrtio, ediard or OrIARROs yor to Met Wrap of IrE0434-49). or RAW *Cron Sawn st NA. Sirens SocrAlos Co,. Oro Yolieloch Corer Nn'. brozALSA M.Y. uni-INS 027 Sr This summary ts for informational Only. It is not intended as a tax document. This statement should be rotai for ow records. See reverse Ade for important LiVormation. 0111,07.06:43 col v0011 EFTA01321571 CIJARLO nexcH as Yeriettv Catlin &Annum:a Oar. Store Searens Can. One WroteOn Cane Math &ambit. IO Yon 11201-38S9 RNANCIAL TRUST COMPANY INC 2 co ID z ii C in z -H r LTOZSE00- 019- ANGS IS IJ S IJ STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0351t7:06:43 COI Wan EFTA01321572 0 I LtZZOO-V.L.43 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns a Co. Inc. 383 Madison Avenue New York New Tack 10179 3 a.iD Cash Flow Analysis TO POMO Income Summary nrs %moo YEAR TO DATE OpeningBalance 50.00 Dividends 92.258.05 323.38130 Credit Balance IM. 0.00 44.54 Mceay Fund 18,054,458.05 Funds Deposited 11,500,000.00 Total $92,258.05 $323,426.28 0 Amount Credited 529.554.456.05 z -n Securldes BcugM Mceey Fund -7,982.200.00 -92,258.05 Portfolio Composition CasIVCash Equivalent 15.275.886 Miscalareous -10.000.000.00 Entitles 78.879.338 C rn z Amount Debited Net Cash AaMty Closing Balance $-18 054 458.05 11,500,000.00 $11 500 OCO 00 Total $91,955,222 r _ 8T0ZS£00 IN 9 ANGS Cash Balance Summary ammo 0.050.6 CIA 0.00 11,500,000.00 Net Cash Balance $0.00 $11.500,000.00 CPT 03/3'07C6.0 00I CtFARED TROUGH ITS %HOLLY OnnSD WIIISOWTV ent Stearn Scenes Com • Ilenelech ceo len &od4. New Tat 11201.1130 FINANCIAL TRUST COMPANY INC STATUE/a MOOS Mann 1.2007 Tnitpnil WW1 30. 2007 ACCCtra µMINER TMPAYL, Wt4190.1 On Fie UST STA/TIMMT Navvy 28, 2007 Your Portfolio Allocation CaSh Biqa/aka 17% • Ecutes B3% WOW*. Win &hit OW ten. WitY let" awn ...Sas. The sassy ptftettal•” a eon IS MOW*. nand nrSe a wpyrolo EFTA01321573 I I LtZZOO-V.L.43 0 -n C rn r 6TOZS£O0 IN9 ANDS BEAR STEARNS OFFICE SERVICING EOM ACCOUNT Sear, Stearns & Co. Inc. 383 Madison Avenue New York. New York 10179 4 4..o Your Portfolio Holdings CASH & CASH EQUIVALENTS INAINT DESCRIPTOR SYNIOUOMI dWDIIY MME Mut CASH BALANCE 11,500,000 DREYFUS CASH MANAGEMENT-CI- A OICU 0811TURONAL SNARES EST. 30 DAY AVG YELO 5 1700% TOTAL CASH & CASH EQUIVALENTS 515.275.886 3.775.888.31 1.0000 3.775.886 EQUMES CLEARED ThROUCH ne ware *MCI ituniDultY W. Ann Swans Cop Coa Metrorscri Crow MIN 8r000" Vat 112014•50 FINANCIAL TRUST COmPANY INC sTAITWNT PER$C0 March 1.2007 4e0v3H North 30.2007 MVO Pa sterna tAxPAYDR ',LASER Di Me LOT STATELVNT NM." 28.2007 Equities & Options The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the stocks total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 = Outperform; P xi Peer Perform; U iii Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market Sex. The key for the sector rating is as follows: MO Market Overweight; lAW ix 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 cksplayed, where such research is available. The various providers use different ratings systems and have normalized them as follows: B - Buy; H - Hold: S — Set (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 avaIable 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 mamee_beatstaaniscom or can call (800) 517-2327 to request that a copy of this research be sent to them. ACCI MARKET ESIWATID ESTDM/ED DESCRIPI1ON STIMULUS, ilif OWN111, PRICE VALUE YAWL DCCUE 1110 (19 APPLE INC AAP1. CASH 220.000 92.9100 20.440.200 BSC RATING: STOCK 0/SECTOR LW BOYARS ALTERNATTVE VIEWPOINT RAMC: S SEAR STEARNS COMPANIES INC BSC CASH 130.000 150.3500 19.545.500 166,400 0.8513 027 0111 Oros 43 001 VOW EFTA01321574 elf Aeon T5401..Cm rts ATIOU.Y OWED 3983/01513( rn 8 b.) V.) 10 0 ii C in r OZOZSE00-019-ANGS BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bow. Stearns & Co. Inc. 383 Madison Aw•nun IS V . I D179 5 or io Your Portfolio Holdings (Continued) Equities & Options (continued) DESCRIPTION CISOICEPOINT INC ACCT 10.110UONA. rot CPS CASH COMM PRICE Nan, [SWARD UNWED VMO( *ma MOOSE MO la 100,000 37.4300 3.743.000 DNA Sens Swat Cap. CRT 165714ali CArts NRTh Male'. Nes Tot 11201.1959 FINANCIAL TRUST COMPANY INC STATIDAINT .moo Mirth 1.2007 iHRousit With 30.2007 Arr0.1157 MASA TAXPAYER PILAW On Fie LAST STAYDADIT Felyuary 28. 2007 COLGATE PALMOLIVE CO BSC RATIN& STOCK 0/SECTOR MIN BUCKINGHAM RESEARCH RATING: a. CASH 56.200 66.7900 3.753.596 10.928 2.1560 MEMEL° TRIARC CAP CORP ACCRUE= INVESTORS 244572202 CASH 462.691 14.9900 6,935.738 ENVIRONMENTAL SOLUTIONS v•CALCIPACC NC ESVAV CASH 100,000 0.7670 LEHMAN BROTHERS HOLDINGS INC UDI 850 RATING: STOCK P/SECTOR MN sown AtTERNATM VIEWPCINT RATING B CASH 76.700 100.000 70.0700 7,007,000 60.000 0.8563 W094 RESORTS LTO BSC tom STOCK 0/SECTOR MY WALL STRUT S1RATEGES RAM* B Total Equities& Options CASH 160.000 94.8600 15.177,6 1:0 $76.679,336 5307.328 TOTAL EQUITIES $78.879.336 5307.328 YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME 5307.328 YOUR PRICEDPORTFOLIONOLDINGS 591 955.222 027 01111.0108:41 031 YC011 EFTA01321575 CLE.19180 wean., as na,OLY Om.a) SueS101.0191 r71 8 IJ IJ -n in r TZOZSE00- 019- ANGS BEAR STEARNS OFFICE SCRIACAt YOUR ACCOINT Bear. Steams A Co. Inc. 383 Madison Avarua New Y New Ycrl. 10179 6c: Transaction Detail heavy 141..weER TAYPA903 KAMM On r INVESTMENT ACTIVITY LAST STAttia.IT 'stow, 26.2007 Dee. Starers Sw.u9set Cup. One MIMS% Cert. Na?, snow. TN. Yon 11201.3859 FINANCIAL TRUST COMPANY INC STATDMINT moo With 1. 2007 19.183uCal Minh 30.2007 5.217.0oFJO MCC DAIS an tRinSiclox 03/01/07 02/26/07 BOUGHT 1:4561211311 LEHMAN BROTHERS HOLDINGS INC MonXIMED SVPASOLCUW OULVTITY MCI ECM 3.1431.11.7 LEH 100.000 79.56200 7,982,200.00 OK Off AI.C.upa TOTAL 5-7.982.2C0.00 DEPOSITS AND WITHDRAWALS OMI 03/30/07 FUNOS REC ENOSWIRED TO CMBANK FROM CS LLC FINE BROKER $077099196.F01 TOTAL 511.500.000.03 19.4.4.C11311 OF SOME, EN nn 0.10010 MECO SWIM 11.500.000.00 MONEY FUND ACTIVITY Drt 1/0DAY nermsarnoot CE85-11.121/311 03/01/07 OPENINGBALANCE 811.001.11.13111 CILIUM 811182 CRECI2 MORO 21.646.828.28 03/01/07 SOLD DREYFUS CASH MANAGEMENTCL A DICOC -7.962,200 1.0000 7.962.200.00 INSYMPONAL SHIMS 03/01/07 DIVIDEND DREYFUS CASH MANAGEMENTCL A (NCO( 92.258.05 INSTITUTIONAL SNOWS MONINLY DIVICEND 03/01107 RONVEST DREYFUS CASH MANAGEMENTCL A INSTBUTIONAL SNARES DMMAO REINvEST OICU 92.258.06 92.258.05 03/3007 SOW OREYFUS CASH MANAGEMENTCL A DICC( .10.000.000 1.0000 10.000.000.00 pasnivnom. SUMS 027 0341/07306t1 COI EFTA01321576 CLEM° 1140:2LCH ITS ?MOLLY 01040 SUSSOVAY t I Lti ZOO- V.L43 0 z m C in z -H r _ ZZOZS£00 IN9 ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madsen Avenue New York, New York 10179 7 olio Transaction Detail (continued) MONEY FUND ACTIVITY eironeed) 0.23 PACYDAY 22.116ACIThil OESOW801. SYU801./CUSZI Beir. SWIM Ut&Ski C.A. Ore Meta Orem North DICOOp. ay Yak 11231.3832 FINANCIAL TRUST COMPANY INC NTATrurvT Yy-ROD TARO 1.2007 714401.15M March 30. 2007 ACCO2•1 HAMS TAAPAYEA MAWR On Fie LAS 378- tutvt Febtary 28. 2007 CATTNITN Tect IXBII 088.18" CRE011 AVCtM 03/30:07 TOTAL CLOSINGBALANCE 3.775.886.31 5.92,258.05 518,054,458.05 MISCELLANEOUS DATE ,A0,3AY 280iSACTON 03/30107 JOURNAL TOTAL DESC8031:81 T0038-28825 COO MOM 10,000,000.00 CAECA! Amu.° S-10.000.003.00 027 0313101:CCU 031 KENT EFTA01321577 CLEARED 1100021 1114 *UMW OWNED SULOIXAAT 0 z m C m z H r EZOZSE00- 119- ANOS B&112 STDc‘RNS OFFICE SERvICING YOUR ACCOUNT Beet. Steams & Co. Inc. 383 Madeon Avenue N 0,4 10179 8 Your messages CaT Bear. Steams Securities Corp. Net Capital and Net Capital Requirements: At November 30. 2006 and January 31. 2007. the Company's net capital of apfxodnutety 54.0 billion and $4.0 billion was approximately 6.8% and 6.7% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approirimately $1.2 billion and 51.2 billion by approximately 52.8 billion and 52.8 billion, all respectively. A complete copy of the Bear. Steams Securities Corp. Statement of Financial Condition is available on the web site www.bearsteams.corn. Alternatively. to request a free printed copy please call - toll free 1-866-299-9331, You are advised to prompUy report any inaccuracy or discrepancy in your account to your broker and Bear, Steams Securities Corp. CBSSC1 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 with appear on the front of this statement. 027 LW' Doc Son StOsees Cap. 0.* Wearer. Caw Ian Ikaalr Para at 20131159 FINANCIAL TRUST COMPANY INC Miner e/Ifi,00 March 1.2037 TH1100814 March 30. 2007 AOCOux7 Wien 7.430vta Watt LAST STATS/CHT February 28. 2007 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 circumstances, such loans or other use may limit, in whole or in part, your ability to receive 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 your 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 dividends. NOTICE OF CHANGE PURSUANT TO TRUTH-IN-LENDING SEC RULE 10b-16 The purpose of this notice is to advise you of certain changes it the manner in which interest will be charged on any U.S. dollar-denominated credit extended to you by Bear. Steams Securities Corp. (BSSC') for the purpose of pi/chasing, 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 ('LIBOR') 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 detect:laden of the BSSC Margin Basis Rate will include the short-term market interest rates quoted by money center banks and the Federal Reserve and the rate that BSSC is charged for borrowing money. 003101.06:41 011 5003 EFTA01321578 9ILtZZOOV133 (-I 0 m cim H r VZOZS£00 ND ANUS BEAR STEARNS OFFICE sizewarc YOUR ACCOUNT Bear. Steams & Co. Inc. 383 medison Avenue New York, New York 10179 Effective no earlier 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 wilt not exceed the specified percentage over the applicable rate, as indicated in the following chart: Tither %ye Range. Index SW* Rig In Inca. Up to 5499,999 Margin Basis + 3,000% $500,000 - 5999,999 Margin Basis + 2.000% $1,000,000 • 52,499.999 Margin Basis + 1.500% $2,500,000 - 54.999.999 LIBOR + 3.000% $5,000,000 • 59,999,999 LIBOR + 2.250% 510.000.000 and above LIBOR 1,750% Debits in currencies other than U.S. dollars will not be taken into account in computing the debit size for purposes of determining the applicable interest rate. The rate corresponding to the debit size range in which your U.S. dollar denominated debit falls will apply to the entire amount of your U.S. dolor denominated debit. The actual rate charged to you at any given time will be notified to you on request, and the amount charged to you wil appear on your montray statemen's. 971 CiPAEO 9.19093.1 r18 11/90.1.Y ONHO SLIISIOway Bay. Stun swain Coy Orw Menraicet en 1tot. Brooll" Vow Yon 11201.3859 FINANCIAL TRUST COMPANY INC STATE120.1 1101,00 Mimi 1.2007 IAROuG4 MarCh 30. 2007 ACC09.49 PANDER wowrot Kamm On rile LIST 'TAMMY Feenswy 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 currency 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, or (a) any other rate quoted by Reuters that is applicable to the currencyin 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 wit no longer be an available option for computing interest. 01919/9643 001 19011 EFTA01321579 LI LtZZOO-V.L.43 O m C rn r _ SZOZ SEGO IN 9 ANGS BEAR STEARNS OFFICE SERvklue YOUR ACCCUNT Bar. Stearns & Co. Inc. 383 Madison Avenue New York. New York 10179 '0 If BSSC makes charges 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' Kix 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 described above). The Tnith.in-Lending disclosure previously provided to you shall continue to apply except as specifically noted above. STOP End of Statement 021 01,3/07.06.43 001 Ws' CLEARED THFIVJGel rs Yel"0.1.Y OAK° Sultacwry taw Stant Sons Caw Cort menewm Cann wets ev41~n. Nn WO 11201.1859 FINA NCIAL TRUST COMPANY INC sTAITWNT 989200 mirth 1,2007 maci.eri march 30.2007 ACCOurer •Lneeti TAx8svf9 main On Ile LAST ST AGIFICNT retruary 28.2007 EFTA01321580 CLEARED isItOWst rts vs4OLLY Cont0 SuaSOwer m IS IJ IJ BEAR STEARNS CfnCE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison MIMI* Now York. Now To* 10179 Sta• Stars &swots Co. One Women, Cats Noah &m on New Yo111201WS% FINANCIAL TRUST COMPANY WC INVESTMENT PROFESSIONAL ZICHERIAAN.IRA TELEPHONE (212)272-4189 MR OUR WE8MTE waw.tearsteams.com What's In This Statement Financial Summary 3 III...II...I.,I.II ,,,,, FINANCIAL TRUST COMPANY INC SeAltheiT MOOD TWeal004 A:00We WASS WPAYER na..n Ls9T assreste Fara/try 1.2007 Feteuary 28.2007 On Flo January 31.2007 Your Portfolio Holdings 4 C/O AMERICAN YACHT HARBOR Transaction Detail 6 6100 RED HOOK SUTE 8-3 Fund Activity 6 QUAETERS #2 Trades Not Yet Settled 8 ST THOMAS Vi 00802-1348 -n C rn r 9ZOZSEOCIAI9- ANCIS Your Portfolio at a Glance Cash & F4401E-I TOTAL VALUE OF SECURMES THIS PERIOD 69.969.673 Market Value of Your Portfolio $21 6t.S.828 532.111,140 MONEY MARKET FUND &MANCE 21.645.828 358 969.673 565.083,900 NET MITT THIS PERIOD S90.615.501 Current market vala NET EQUITY LAST STATEMENT 97.195.040 ISM 1leleelleflre Menet U e CHANGE SINCE LAST STATEMENT -6479.539 There are no 'Stop toss' orders or other pending buy or sell open orders on file for your account. Remo Wes Wry 4.1resst co net-maw Of eon a stsces. remiss to detains ea yes le CNN Seesaw s1 Maslen. R oleo ea Ord Sawn s• .a Saws Honks Can. One Sletelech Cord NW% Says 20 Wee 027 Si ow sewn btr Mannronel WPM% Offs DSledeneed II sta. manses Tat SeltesnintA0.10bOttlateefetyees MOMS Sot Mans ode S r- parts1 1,071,3304 0101,07.0S1 001 '1006 EFTA01321581 CLL4.10 TIROVOR RS VMOLLY DSUSSOVRY Ow. SWS Senniss ens Ors I/0MM Cr(u MOT OsoOr. tin Tolt 11301.3.19 FINANCIAL. TRUST COMPANY INC 2 a9 6 I Lti ZOO- V.L43 0 0 C in z -H r _ LZOZSECIO IN 9 ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 027 slotto7,05 17 001 EFTA01321582 BEAR SIMMS orra SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New York New York 10179 3 a s Cash Flow Analysis 114S POMO Income Summary The WM MOM OponingBalanco 5194,330.22 Divdends 189,523.69 231.123.69 Credit Balance Int 44.54 44.54 Money Fund 10.632.044.93 Divalencisithuvest 18.028.54 Total 5189.568.23 5231.188.23 0 Amount credited 510.650.073.47 z -n Securtiss Bought Money Fund -8.654.880.00 -189.523.69 Portfolio Composition Cash/Cash Equivalent 21.645.828 Funds Withdrawn 4.000.000.03 Equities 68.969.673 C Amount Debited 5-10.844.403.69 in z Net Cash Activity Closin9Balance -194.330.22 50.00 Total 590 615 501 r KOZSEOCIA19- ANGS I8 b.) IJ IJ Cash Balance Summary &thaw douse Cash 194.330.22 0.00 Net Cash Balance 5194.330.22 50.00 027 01010/ es u 001 V)06 CLFARE0 TI410.1014 ITS VolCaLY OMC SmayectIty Bur. Ream Seonles Gyp. One Metroxch Coca Mot Brook," MTh Yon 11201.3859 FINANCIAL TRUST COMPANY INC simnaNT PlidC0 Fettuary 1.2007 macual, Statuary M. 2007 ACCCusi muitialt Ax Yoe MAC Ora* v.ST STATiveNT January 31.2007 Your Portfolio Allocation UM .MC Dyisre Ote,4* Ow) Yu.. 'fate ie." 11.404 nerp. Ti. eaten- pettseago tagal fits ire 00.04.4e NMI .76.e of flu, pal.p.o EFTA01321583