EFTA Document EFTA01322192

Statements CONFIDENTIAL SDNYGM,352729 EFTA,225421 EFTA01322192 rn IS IJ r.) IJ -n z C rn z J r OELZSEOCIA19- ANCIS BEAR STEARNS OFFICE SERVICroG YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New York, New York 10179 (212) 272.2000 CLEASSO "MEW* ITS 241*254 0.020 SUBSSCIARV Seas. Samna Sonatas Carps Cat MMUS, Carts Nati *Tuft. Ike Yen 11201485E E2121272.1CCO INSTITUDONAL INTERESTS AC 02 surnavrt n3)30 Moot er 29.2003 THROUCM December 31.2003 ALLOW! WIMP. 04941880 281 TWAYIDI PAWS On Fie LAST STATISM'S,' troerreer 26.2003 ACCOUNT ExECUTTVE GREENBERG.ALAN C. TELEPHONE (212)272.4605 VISIT OUR WERSHF irmv.beerstearristom What's In This Statement Financial Summary 3 Iii INSTITUTIONAL INTERESTS NC t2 Transaction Dead 3 C/O FINANCIAL TRUST COMPANY Fund Activity 5 ATTN LARRY KEMP Your Messages 8 6100 RED HOOK QUARTER SUITE 8-3 Your Portfolio at a Glance NET EQUITY THIS PERMS 0 NET EQUITY LAST STATEMENT 21,616.935 CHANGE Sea LAST STA more -21,61D835 There are no 'Stop Loss' ceders or other pending buy or sell open orders on file for your account. ST THOMAS VI 00802 Market Value of Your Portfolio cash& 4" w 4 1 SO 5110.115 Mere mow( a., citerance ce row*** of ***a se taxa* r4calla as *saws* as soss ta Clan Saws. r It0414, 420 as rot y Cart 84nAcas el k. Mans Swab* CorA Ow Mass* Can.. Nem 824•445 N 11221-311/4/ thas-idiaa• tau SIDICTISES Tat! hike 521.506.720 SIpc TIn %rears a lb iferrnalsaul SWIM. any [Is -0 stan.: SS, Ista Oars** TN* Vets** stead Dr Waned Ise *sr receeas Sae nnent sic* kt heating divra001 027 01,010.'254 001 Important Message II any information regarding 2003interest, diridcmdE miscellaneous :tome, gross proceeds or original KUM discount is required to be reported to the IRS (or this SCCOU0I. a Ccescidated Form 1099 we be mailed to you by February 2. 2004M a 10425 es Meech 15.2004. vile EFTA01322193 CLEMED "11110O3M IS Wh0LLY bAtitO SLICICURY Ow. Roans Sentries CC. ON /AMMO Caren ..1,11 Breathy,. Maw Vert 112014tS0 2121272.1000 INSTITUTIONAL INTERESTS NC 02 0 z m cim z H r TELZSEOCINDANGS STATEMENT BACKER IS PRINTED ON THIS PAGE On 01/0104:1214 001 VIII EFTA01322194 -n C in z r ZELZSE00- 019- ANGS I IJ IJ IJ BEAR STEARNS OFFICE SUNK** YOUR ACCOUNT Bear. Steams & Co. Inc 383 Madtson Avenue New York. New York 10179 (212) 272-2000 3 ore o.oaw InItOt.n/i n voictre One° aniDNItY liw. Storrs Semen Cap. Cat Parcae. Gym Non en/irk elm Yen 11701480 (212) 2724000 INSTITUTIONAL INTERESTS MC *2 sunken OVA*0 Nokenter 29.2003 Downer 31, 2003 Cash Flow Analysis Cash Balance Summary ACCOUNT wain 049.51890 2111 unin/I Knew On Fie DC MOOD OPMIC 0J)914 LAST STATTWNT November 28.2003 Opening Balance 59.694.17 Cash 9,694.17 0.00 Securities Sold 21.372.449.58 Net Cash Balance 5%694.17 50.00 Money Fund 21.486.999.99 CwItiondsAnterest 26.853.18 Amount Credited 542,888,302.75 Income Summary Money Fund -21.382.225.14 nes 011100 MA TO art Dm:lends 33,204.12 316,229.48 Dwdonds/Interest Charged -1.53 Arkscellaneous -21.515.770.25 Credit Balance It 1.65 6.267.07 Total 533205.77 5322.496.53 Amount Debited 5-42.897.996.92 Net Cash Activity -9.694.17 Closing Balance 50.00 Transaction Detail INVESTMENT ACTIVITY SMIDADII 7IMIX CIAIT OAR nuarsecncer 12/01/03 11/25/03 SOLD OLSOWIICer AMERICAN INTERNATIONAL GROUP INC LINSOUCITED AS CC111'25w sus:yeas* MG OlIoan Petf 01811 IMONT CREW 'MUM -25.003 57 45000 1,428,087.56 027 01,C'64.125.4 DOI Vele EFTA01322195 O -n r EELZSE00-019-ANOS BEAR STEARNS OFFICE SERVICING TOUR ACCOUM Bar. Slams & Co. 1%. 383 Madison #190/100 New Yak. New York 10179 (212) 272-2000 4 NA Transaction Detail (conUnUe4) INVESTMENT ACTIVITY (Oontime0) MUMMT /12.« 0AR MR TRMISACTION 12/01/03 11/25/03 SOLD OESCRP1139 BANK OF AMER CORP AVG PRCE SHOWWDEMILS ON REO ACTUAL CONF1BA TO YOUR AGENT UNSOUCITED CLEAR133 111801.1311 88 Atiasy °wie fuescnure Ur. snims knien Ø. Omiheuten tiner Weh Inoten. Nee Ton 11201.3859 12123 272,1003 MSTMJTIONAL INTERESTS AC 4.2 irrAnater nftno 147401ber 29. 2003 nemuom Daenter 31. 2003 ACO2un NIMEN 0.49-51885 281 Toneft keAtle On n4 87000Ewi HreernIx0 29.2003 SVINICUICUS, 01911111, WISE 08181 mial98 CREM »Min EIAC -40.000 74.82540 2.976.864.73 12/01M3 11r2srce SOLD CMGROUP INC AVG PRICE SNOWN-DETARS ON REO ACTUAL CONFIRM TO YOUR AGENT ED SEE UNS NOTE MICZ R' ON Bete c -27.375 46.87010 1,274478.72 12/0103 11/25/03 SOLD FREDME MAC-VOTINGCOMMON FRE -30.000 54.74270 1.632.899.05 (FORMERLY FEDERAL UWE LOAN mORTGAGE AvG PAICE =WEIETALS ON REO ACTUAL CONFI RED RM TO YOUR AGENT LALSOLIC 12/01/03 11/25103 SOLD FANME MAE DEOERAL NATL AWO UNSOUCITED FNM -5.000 69.55000 345.685.25 12/01/03 11/25/03 SOLD INTERNATIONAL BUSINESS LmoiNES CORP AUG neu SHOWNOETAIIS ON KO ACTUAL CONFIRM TO TOUR AGENT UNSOLXITEO IBm -20.000 89.53200 1,781,111.76 12/01.03 11/25/03 SOLD JOHNSONA JONNSON AVG PRICE SHOWN-DEMILS ON REO ACTUAL CONFIRM TO TOUR AGENT UNSOUCITED JNI 40.000 50.88400 µ 3.034.341.12 12/01/03 11/25/03 SOLD MBNA CORP AVG PRCE SHOWN-DETAILS ON REO ACTUAL &MW TO YOUR AGENT UNSOUCIIED KRB -100.000 24.19960 2.403.223.60 12/01/03 1172933 SOLD PFIZER NC WIM RIGHTS TO PURCHPSE FREMD SM UNDER CERTAIN CRCUMSTANCE AVG PRCE SNOWNMETMLS ON REP ACTUAL CCNFIRM TO TOUR AGENT MISCUCM0 PFE -75400 33.40130 2.489.313.66 on Oteat:13:44 Ø nie EFTA01322196 0 0 1 1 C in r VELZSEOCIND- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOLPIt Bear. Steams 6 Co. Inc. 383 Madison Meat New York. New York 10179 (212) 272.2000 5 ce Transaction Detail (continued) INVESTMENT ACTIVITY (continued) WITIDADO MIX DAR PM MAKSAC11010 CESCAPIXON SYMOOLCUSIA OWN= MICE OM AAOXT CALM NO01.11 12/01/03 11f25/03 SOLD 12/01/03 11/25/03 SOW PROCTER & GAMBLE CO AVG PRICE SHOWN-OETALS ON RED ACTUAL CON SOLICITEDFIRM TO YO AGENT UN SEE NOTE I' ON BACK TWE WARNER INC NEW UNSOLICITED PG PM( -25.000 -100.003 96.92600 16.08000 2,410,434.82 1,595,009.31 TOTAL 321.372.449.58 MONEY FUND ACTNITY DATE 1.430AY MOiSACACN COCJIP1131 SYROOLOSP ONO MOW CROW /MOUNT 11/29/03 OPENINGBALANCE 100.420.73 12/01/03 SOUGHT BEAR STEARNS PRIME MONEY 85600( 21.382.143.75 1.0000 21.382.143.75 AMMO PORTFOLIO CL Y 12/01(03 OMDEND BEAR STEARNS PRIME MONEY EMMET PORTFOLIO CL Y SSW( 81.39 RECORD 11/28/03 PAY 11/28/03 12/01/03 REINVEST BEAR STEARNS PRIME MONEY EISI.03( 81.39 81.39 MARKET PORTFOLIO CL Y REINVEST PRICE $ 1.00 12/09/03 SOLD BEAR STEARNS PRIME MONEY 854.00 -21.482.645.87 1.00:0 21,482,645.87 MARKET PORTFOLIO CL Y 12/09/03 DMDENO BEAR STEARNS PRUE MONEY 89430C 4.272.73 MARKET PORTFOLD CL Y 027 01/0104:12:64 001 11111 CLEARED TI-ROACK iTS ?MQU.V 0wsE0 Sonistver. Belt. Slums Siena. Corp. CAN iharotem Crew Wm, frooler. New T91112014/31 4212) 212.1000 INSTITUTIONAL INTERESTS AIC 42 STA1121Arra KOKO NOvernber 29. 2003 THROIA3N Decerrter 31.2003 ACCOUNT ALweeri 049-51080 281 TA):PAYER PARADER C F,11 'MT STATENEAT Aboember 28.2003 EFTA01322197 CLEARED DTROLOI ITS PACuY PPPNED SURSOPAY BEAR STEARNS CUtE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New Yak. New York 10179 (212) 272-2000 6 as Transaction Detail (continued) Bat Smint SOMMPS Cap Metotm/i Cane NoM ntrinn k vat 112014,0 12121 272.1COD INSTITUTIONAL INTERESTS NC #2 STATEMENT PERICO November 29.2003 TPROu3N Demmte 31.2003 *COMM! MAW 049-51880 281 TAXPAYER MAW, On Fie MONEY FUND ACTIVITY (contnued) srArywne Nowt. 28.2003 -n but NOWT netidADION DESCRP".X. CRIMMTY PRCt pWI PACOM CREW MOM 12/31/03 CLOSiLSEAL.:4.. ./ 0.00 TOTAL S 71 382225.14 421.486999.99 DIVIDENDS MT( DESCIPTIOR SYMMEAXISSIP OLIMMTE ROI IS DEN Amour C in 12/0403 PFIZER INC REC 11/14403 PAY 1210403 GIG VS ND &CG. TRADES 12/09/03 JOHNSON& JOHNSON REC 1118/03 PAY 12/09/03 12/10/03 INTERNATIONAI. BUSINESS MACHNES CORP REC 11/10/03 PAY 12110)03 PEE JNJ IBM 75.000 60.000 20.000 0.1500 0.2400 0.1600 11.250.00 14.400.00 3.200.00 TOTAL 528.860,00 r INTEREST SELZSE00- 019- ANGS 8 IJ IJ IJ cactrnoN SVIAMIOMMI OMIT mourn CREW AMCOR 12/12/03 INTEREST ON CREDIT BALANCE CR INT CALCULATED 11/21-12/1103 12/22/03 INTEREST ON CREDIT BALANCE AD/ 12/22/03 CRPO VS 12112/03 OMIT 1.63 1.63 027 C491/04:12:54 EFTA01322198 O BEAR STEARNS CETICE SERVICING YOUR ACCOUNT Bear. Stoarns & Co. Inc. 383 Madison Avenue New New Yeek 10179 (212) 272-2000 7 dR Transaction Detail (continued) INTEREST (ccminuod) wit teistance 12/22/03 INTEREST ON CREDIT MIMIC( ACCT 04941610 AT 00.50000% 11/21 .12/20 TOTAL win %SP GUMBO nnocam n ratty Cana SLISIOaca Bar Saws Scant. Cap. One LWMath Crtu Naih &oder. Ma Vat 11201.1859 1212)2/2-1000 INSTITUTIONAL INTERESTS NC #2 DUMONT PeFoCO NOtember 29.2003 18eucpc Detente 31.2003 Al:CCOIr MAWR 049-51880 281 WAVER mla*MR On NKr LasT sTATniaa Novena 28. 2003 0.tUrtnr FM al DM MOW MX MONT 1.65 S-1.53 53.18 MISCELLANEOUS B I EWE ICIMY TOMS.C11:01 msatentio Tese MICUNI MOT MOW C in 12/09/03 12115/03 12/30/03 JOURNAL JOURNAL JOURNAL 70 038-66058 PER LOA TO 038-66058 TO COMA ADJUST BALANCE 21.512.570.05 3.200.08 0.12 TOTAL 5-21.515.770.25 r 9ELZSEOCIN9- ANGS I8 IJ V.2 DO IN) 027 010104.1254 001 NES EFTA01322199 C21.0720 1700004 ITS MOLLY OwstO SultS0101Y -n C in r LELZSEOCIN9- ANGS BEAR STEARNS OFFICE SERYCIVG YOUR ACCOUNT Bear. Stearns a Co. Inc. 383 Madison Avenue New Ycek, New York 10179 (212) 272.2000 8:10 Your messages As part of the National Association of Securities Dealers (NASD) Investor Education Program, you may obtain information on the NASD's Public Disclosure Program by contacting the NASD at telephone number (800) 289-9999 or via the Internet address which Is www.nasdr.com. In addition, a brochure explaining the Public Disclosure Program is available from the NASD upon request. End 0f Statement eat Stearns Stastas Cap. Or* V-etch Coup Penh ttedt0 Now re 20 385.9 1219 212.1000 INSYMMONAt INTERESTS WC M2 STATEvEsT Mc* Navernber 29.2003 T910004 December 31, 7033 1/001W 9....0ER 049.51880 281 TAXPAYER hti.effi cc, hie LAS! STAMM." 1474ernba 28.2003 Excess SIPC Account Protection Update Bear. Steams Scarifies Corp. MSC,. a member of the Securities Investor Protection Corporation (-sm, provides account protection for the net equity of a customers funds and securities positions. SIPC provides 4500,000 of primary net equity protection. Including $100,000 for Claims for cash (SIPC Coverage'). Visit www.sipc.org for more information about SIPC Coverage. BSSC provides the additional protection f Excess SIPC") through a commercial insurer, Effective February 16, 2004. the commercial insurer for Excess SIPC will change to Customer Asset Protection Company MAPCO", a licensed New York insurance company, Account protection applies when a SIPC member fern fails financially and is unable to meet its obligations to its securities customers. but does not apply to losses from the rise or fall in the market value of investments or to SIPC ineligible assets such as options. futures. foreign exchange transactions, or any investment contracts that are not registered as securities. 027 01/01.04.1954 001 1118 EFTA01322200 OEPSZZOOV.L.43 TZ F I 0 m r _ BELZS£00 N19 ANUS BEAR STEARNS OFFICE SERVIC446 YOUR ACCOUNT Bear. Stearns & Co. Ina 383 Madison Avenue New York. New York 10179 (212) 272-2000 OSAJtED THROUGH ITS MOLLY °AWE° SUSSIDIARY Bel. Ream; &mat On, ▪ IANNOMI Cons kot ' Nunn New York 1120141159 • 2724CO3 INS17TUTIONN_ INTERESTS AC #2 ACCOUNT EXECUTIVE GREENBERG.ALAN C. TELEPHONE (212)272-4605 VISIT OUR WEBMIE wAvi.beaMteams.ccol What's In This Statement Financial Summary 3 Yoix Portfolio Holdings Transaction Detail Fund Activity 6 Trades Not Yet Settled 7 Your Portfolio at a Glance TOTAL VALUE OF SECURMES THIS PERO0 NET CREDIT BALANCE MONEY IMMO FUND (OUNCE 21.506.720 9.694 100.421 ART &MATT Tx8 PERM $21.616.835 NET ICON LAST STATEMENT 21.613.766 CHANGE SINCE LAST STATEMENT 3.070 There are no "Stop Lose orders or other pending buy or sel open orders on file tot your account. sTATEseso raw Ncwomber 1.2003 TalACOOM NOwntef as 2023 ACCOuto7 MAMA TexPAYM µNM 11.87 SUYDAM INSTITUTIONAL INTERESTS NC 02 C/0 FINANCIAL TRUST COMPANY ATTN LARRY KEMP • 6100 RED HOOK QUARTER SUITE 8-3 ST THOMAS VI 00802 Market Value of Your Portfolio Cash Anent - 5110.115 5441.691 EQRes 521.506.720 521.172.075 Pines snot ✓M dances or W+KSSi el canal 0, sexes. .6.24sa as eaanare• b owl s.M al •:0244.2420. en.** it Chef Semen e Bet Slaws Saga Corp. Me laataboce Cana, Nada Onactob. $22,..2.20 - Current meow value I I I I Last statemenk mane( value nal On" Nbl wirtetwr [wanes coy. E is me beaieed St a en extinct e`as linen Wald be Matted In year Matt See Mtn* Se for VWMSfl Mammal 027 II/2SCi(Oa 00' Yale 049-51850 251 On Flle October 31. 2003 EFTA01322201 CsEARED THROUGH ITS SteMY OMR* SaISOORY Stet. Sun Scotism Co. Oni MOM. Owls *en BROW Mt. 'rot 112014161 RIP 212.1000 INSTITUTONAL INTERESTS NC *2 I Erg:ZOO- W.43 0 z m cim z H r 6£LZS£00 IND ANDS STATEMENT BACKER IS PRINTED ON THIS PAGE 027 11(2003:0904 COI 1311 EFTA01322202 BB R STEARNS OFFICE SERVICING YOuR ACCOUNT Bear. Stearns B. Co. Inc. 383 Madison Avenue New Yak. Neon York 10179 (212) 272-2CCO 349 Cash Flow Analysis DNS POMO Cash Balance Summary OPUITG 0.02:85 Opening fia lance 5328.764.63 Cash 328.764.53 9.694.17 Money Fund 12.678.90 Net CashBalance 5328.764.63 59.694.17 DNIderds/Interest 21.069.17 0 z -n Amount Credited Secureies Bought Money Fund 633.748.07 -362.731.81 -86.72 Income Summary TIC PCR500 YEAR TO DATE Dindencls 21,042.97 283,025.34 Amount Debited Net Cash Activity Closing Balance S-352.818.53 -319.070.46 59.694.17 Credit Balance kit. Total 112.92 $21,155.89 6,265.42 5289,290.76 C in z Portfolio Composition CashCash Equivalent 110,115 r Equities 21.506.720 Total 521.616.835 OPLZSE00- 019- ANCIS 027 1 0943 09 04 001 Can= THROWN 08 Wets *MC 80184XARY Ow. henna Sacan Carp fro lAtbeisch Cerny Pant boat" PIM Vert 11201.3.59 rya 272.1009 INSTITUTIONAL INTERESTS NC #2 ST411500.7 PC2000 1kotenber 1.2003 THROuCol fkmerneer 28.7003 ACCOtoir Nui01ER 049.51880 281 722PAYER N.401E. On 8/0 tArr sTATIldrur October 32 2003 Your Portfolio Allocation Cash a Equaalent — <1A — E aie 99% Ifist000s pram wen deb tiainu atlo:t Yoe nertet rakes The Jake tsarina a MM Pon 'he .vain cute at* 0' yes zeta> EFTA01322203 CLEWED Di110u0n ITS O4~1, SLMSOMAY rn 8 b.) 15) tn -n in r TPLZSE00- IN9- ANGS BEAR STEARNS OFF“ SERVICTIG YOUR ACCOUNT Bear. Steams d Go. Inc. 383 mason Avenue New Vat. New York 10179 (212)272.2000 4 :4 2 Your Portfolio Holdings CASH & CASH EQUIVALENTS MAIM ISIWTID CURRIE! OtSCRP11011 STIMOUCLEIP QUWITY MRi VALLE AIOILW VON N CASH BALANCE 9,894 BEAR STEARNS PRIME MONEY BS= 100.420.73 1.0000 100.421 904 0.9002 MARKET PORTFOLIO CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS 5110.115 5904 EQUITIES Equities & Options M IT IMTUATED ~CM OtS011171CH S1MIO Toe IRWIN PRIX VALLE ~JAL PCP* 111:LO N AMERICAN INTERNATIONAL GROUP NG CASH 25.000 57.9500 1.448,750 6.500 0.4487 INC BANK Cr AMER CORP BAC CASH 40,0:0 75.4300 3.017.200 128.000 4.2423 OTIGROUP INC C CASH 27.375 47.0400 1.287.720 38.325 2.9762 FREOOIE MAC.VOTING COMMON FRE CASH 30,000 54.4200 1.632.600 31.200 1.9111 (FORMERLY FECERAL TOME LOAN MORTGAGE CORM FANNIE WE FNM CASH 5.000 70.0000 350.000 9.000 2.5714 (FEDERAL MIL MTG ASSN) INTERNATIONAL BUSNESS IBM CASH 20.000 90.5400 1.810.800 12.800 0.7069 MACHNES CORP JOHNSON& JOHNSON 911 CASH 60.000 49.2900 2.957.400 57.600 1.9477 MENA CORP Fuze CASH 100.000 24.5200 2.452.000 40.000 1.6313 PFIZER INC PFE CASH 75.000 33.5500 2.516.250 45.000 1.7884 027 1100103.0004 001 Ow. Stara 5455.+n Ore W0OM.F. O&M« Mirth &O to ILv NI 11202.9859 210 z72.1coo INSTMMONAL INTERESTS WC 4.2 STAMMNT ICC ~ter 1.2003 ~Noe Moray 28.2033 ACCOLM, MLIMMR 049.51880 281 ?area ~co on File UST STATEMENT October 31.2033 EFTA01322204 -n C in r ZPLZSEOCIN9- ANGS I8 b.) IJ BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Elem. Steams 6 Co. Inc. 383 Madison Amnia New York, New York 10179 (212) 272-20® 5 a o Your Portfolio Holdings (continued) Equities & Options (coridnued) lea wszT ENNA= earn DISCRYCON SYLEalcw nfl MINIM MCC Wag ANNA NOM VELD oY PROCTER & GAMBLE CO PG CASH TIME Y/ARNER INC TWA CASH NEW Total Equities& Options TOTAL EQUITIES 25.000 96.2403 2.406,000 46.500 1.8911 100.000 16.2800 1.628400 S21.508,720 5413.925 521,506.720 5413,925 YOUR TOTAL ESTIMATED ANNUAL INCOME $414,829 YOUR PRICED PORTFOLIOHOLDINGS $21.616.835 Transaction Detail INVESTMENT ACTIVITY CtEARED ncitOuCci ,lCuy Own= StAlanctRY Btw. Swint Swan On Cne Meinesch C— We Omit" Nev, York 112014/59 Ch2l 272-100) INSTITUTIONAL INTERESTS NC 02 STATEMENT PERKO Nonenta 1.2003 THROUOn sienemow 78.2003 Accoma NUMBER 049-51880 281 T.00MYER MAMMA Cn LAST stcliarr °now 31.2003 SCMCIAMI TIL/0( WI CATE TRANSACI)011 cast:Arrow SnmeatiaSo Damn Pet OWT A.I.OLNT 0=7 MOM 11(12)03 11/06/03 BOUGHT FANNIE MAE Fla 1.003 70.07000 70.482.30 Mo NATI. MTG ASSN] NARY ORDER PART OF 5000 SHR Nil wasamoms oo1 Yrs EFTA01322205 CLEARED TIROUGH 178 WHOLLY 0m420 SUMMmore rn 8 1,2 1,2 C)0 -n C in r EPLZSEOCIN9- ANGS BEAR STEARNS OFFICE SERVICING YOuR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New York. New York 10179 (212) 272-2000 6 on Transaction Detail (continued) INVESTMENT ACTIVITY (contiluel4 S111.0400 Out 11/12/03 11/06/03 BOUGHT RAN DATE TR47.6.C241 ocscoomm FANNIE MAE (FEDERAL NATI. MIS 85524) DISCRETIONARY ORDER PART OF 5000 SHR STIANUCLISIP IBM anNlln 4.000 70.15000 kV. SMITS SOIOSIS Cep DiR 0.140toten Came NW. &wept Km RA 112014559 0121 272.1000 INSTITUTIONAL INTERESTS A/C .2 'TAMAN" PCR820 November 1.2003 TOPS Weber 28.2003 4.00Ourir ktle 049.51880 281 TAXPAYER Wine, On Flo WIT ITATISM01T October 31.2003 Pt ocm AM22.11 CREW AvOcra 282.249.51 TOTAL 5-352.731.81 MONEY FUND ACTIVITY OAIT ICCIAY 10.4245CTIPY4 OtSael1C0/ 511..M0AP pan ASCOM CRE011 AVOW 11/01.03 OPENINGBALANCE 112.926.19 11103(03 DIVIDEND BEAR STEARNS PRIME MONEY BS= 86.72 IMMO PORTFOLIO CI. Y RECORD 10131/03 PAY 10/3143 11103/03 REINVEST BEAR STEARNS PRIME MONEY BSTAXII 86.72 86.72 MARKET PORTFOLIO CL Y REINVEST PRICE S 1.00 11/21103 SOW BEAR STEARNS PRIME MONEY BSMU -12.592.18 1.0000 12.592.18 MOAT PORTFC00 Q Y 11/28/03 CLOSINGBALANCE 100.420.73 TOTAL 546.72 S12.678.90 DMDENDS art OCSCRIPMMI 11/14/03 PROCTER & GAMBLE CO REC 10/24/03 PAY 11/14/03 MIICUCUSW PG 0881111R MR CH 25,000 0.4550 Marl MIOWT CRtta MOUr0 11.37540 027 11/214110).04 001 V.114 EFTA01322206 9EVSZZOO- V1.43 TOiNaGUNO0 trI7LZSEOCIA19-ANCIS BUR STEARNS OFFCE SERVICING YOUR ACCOUNT Beat. Stearns & Co. Inc. 383 Ma(won Avenue New York. New York 10179 (212) 272-2000 7 es Transaction Detail (Continued) DIVIDENDS (contra.* DATE orscrwroy SRAIOJOJSIP owner MR OS DINT AmOUST 11/25/03 CMGROUP INC REC 11/03/03 PAY 11)26103 C 27275 0.3500 TOTAL INTEREST OAR CSSONPRON 11/21/03 INTEREST ONCREOIT BALANCE AT 0 1/294 1021 940 11/20 TOTAL 3172.92 STIMOUOJSIP =at., ThiROLON RS mare Dave) SLASSICAARY On; Steams Wads Cap. or Wray" Cate North wenn rare rot 11201.3959 12IS) 2,2.1000 INSTITUTIONAL INTERESTS NC 42 STATISAINT IMMO° Naierrtel 1.2003 Thaotat Nownter 28.2[03 Acemerr Wien 04941880 281 TWAT.. MANCN On ni4 LAST STATIDNINt odabrit 31.2003 CRUM AMOUNT 2581.25 520.956.25 warm Ian 89 OEMAMOUNT dna AMOR 0.5000 112.92 Trades Executed Pending Settlement 1111111/07 MACE OAR GAR TRIRSACTrod DES019110N 12/01103 11/25/03 SOLD AMERICAN INTERNATIONAL GROUP INC UNSOLICITED PS CC 11/25/03 12/01/03 11/25703 50.0 BANK OF AMER CORP AVG PRICE 54:MN-CETUS ON REO ACTUAL CONFIRM TO YOUR AGENT UNSOUCRED Snemaes auvanv MU Dart MOM OEM MCUM NG -25.000.00 57A503 1.428087.55 SAC -40.000.00 74.8254 2.976.864.73 on iinmotrolto4 001 vela EFTA01322207 Fn 8 IJ T.) --3 0 m cim H r SPLZSEOCIAIDANGS BUR STBSRNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Mandan Avenue New nee. New VON 10179 (212) 272-2000 nahno THROWN in ecu.v °vino SUOUNIty Ow Sterns Sectritex Cap. Ore Aleretern Cats NAM IFCCIOrk Ni. Tat 11201.1/S9 Q12) 212.1[00 INSTITUMNAL INTERESTS MC 02 STATINekl KR= Patenbee 1.2003 TAP0ueol Nommeet 28.2003 Trades Executed Pending Settlement (continued) Seneeen ?MO( OAR DAIS ireweAenet. Of SORPTION NIROALIA• QUANTUM ACOCAINT MAWR TAXPAYER WAWA LAST sTATIVENT OM AMMO 049.51080 281 0A Ile 000ber 31.2003 CREW NAMPO 12/01/03 11/25/03 SOLD CMGROUP INC .27.375.00 46.8701 1.275.478.72 AVG PRICE SHOWN-08Tm_S ON RED ACTUAL CONFIRM TO YOUR AGENT 1NSOUCITED SEE NOTE -V ON BACK 12/01/03 11/25/03 SOLD FREDDE MAC-VOTING COMMON FRE .30.000.00 54.7427 1.632.899.05 FERP) DERAL HOME LOAN (FCCM YOGA RLE CO ) LO G AVG PRICE SHOWN-DETAILS ON REO ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED 12/01/03 11/25/03 SOLD FANNIE MAE PIRA -5.000.00 69.5500 345.685.25 U(FEDERAL NATI. MTG ASSN) NSOUCITED 12/01/03 11/25/03 SOLD INTERNATIONAL BUSINESS IBM .20.000.00 89.5320 1.781.111.76 MACHINES CORP AVG PRICE SHCM/N-DEGAS ON REO ACTUAL CONFIRM TO YOUR AGENT UNSCOCREO 12/01/03 11/25/03 SOW JOHNSON& JOHNSON JNI -60000.00 50.8840 3.034.341.12 AVG PRICE SIENeN-IIETA&S ON REO ACTUAL CONFIRM TO YOUR AGENT UNSOLCITED 12/01/03 11/25/03 SOLO MBNA CORP KR8 -103.003.00 24.1996 2.403.223.60 AVG ME SHOMMXTAILS ON REO ACTUAL CONFIRM TO VOLAI AGENT UNSOLICITED 12/01703 11/25/03 SOLD PFIZER INC PFE -75.000.00 33.4013 2.489.313.68 WITH RIGHTS TO PURCHASE PREFRD STK uNDER CERTAIN CIRCLNSTANCE AVG PRICE WM-DETAILS ON REO ACTUAL CONFIRM TO YOUR AGENT uNSCtiCtrED On 11/21001Weni OM VIII EFTA01322208 CLEARED neRCual Cs 9e9OLLY OWNE0 VASCARY 8£175ZZOOV1.43 0 -n z C rn z -H r _ 9PLZS£00 IND ANGS BEAR STEARNS OFFCE SERVICING YOUR ACCOUNT Be.'. Steams & Co. Inc. 383 Madison Avenue New York. New To* 10179 (212) 272-2000 9 Trades Executed Pending Settlement (continued) SITTISIEDIT MADE DetE 121E TWASACTIEN DCSCRIP11ON 12/01/03 1125/03 SOLD SallEUCUSE. PG -25.000.00 98.9280 2.410.434 82 Box. Yen Uarein Coe, and Murata Cam Rem gime" New Yat 11201.3850 12133 2t2.10:0 INSTITUTIONAL INTERESTS Alt 02 STAIS1AERT NERCO Noktoter 1. 2003 Tm.EsJ314 Naecnte 28.2003 ACCOurn 'Amine 049.51880 281 IND, A9rit Kane On The tar svATevrwr °Mete 31. 2003 earemnr PRICE EEan µCUM 01W! .130749, PROCTER & GAMBLE CO AVG ME SHOWN-DETALS ON REO ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED SEE NOTE -ST ON BACK 12/01/03 11/25/03 SOLD TIME WARNER INC 1V/X -100.000.00 16.0800 1.595.009.31 NEW UNSCMCFIED TOTAL 50.00 521.372.449.58 rns *Se new b rat Kerr in any tem race & s9 spawner. STOP End of Staternen 027 ,,•21,3105 Ca 00/ MIS EFTA01322209 CLIMB) TROLICUI rye VOICLLY DATED SLUMMY rn 8 IJ tJ IJ 0 m C in r LPLZSEOCIN9- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Menue New Yak. New Yak 10179 (212) 272-2000 ACCOUNT EXECUTIVE GREENETERG.ALAN C. TELEPHONE (212)272.4605 vtSn OUR wEBSTIE wmv.beamlearns.com What's In This Statement Financial Summary 3 Your Porddio Holdings 4 Transaction Detail Fund Activity Your Portfolio at a Glance TOTAL VALUE OF SECURMES THIS PERIOD NET CREME BALANCE HONEY MARKET FUND BALANCE 21.172.075 328.765 112.926 NET WSW THIS PEMOD $21,613,766 NET EOM? UST STATEMENT 20.934.613 CHANGE SINCE LAST STATEMENT 679.153 There we no 'Stop Lou orders or other pending buy or sell open orders on file for your account INSTITUTIONAL INTERESTS NO f/2 C/O FINANCIAL TRUST COMPANY AM/ LARRY KEMP • 6100 RED HOOK QUARTER SUITE 8-3 ST THOMAS V1 00802 Market Value of Your Portfolio 3441.691 CasPi Ectnallel: 3206.527 terms% Par mpr. sny Moreno a. wootc4  nitclis cr snee. Marais, eel vend ta N. art Ntnan Y 11.00-231-106. et ...clew:fete Seneca. mbar. Sierra Setae. Cap. Om Itetrettch Caner Tom Dwelt'. NY. 1,201.$51 $21.172.075 520.728.088 Current market mho MI Lest stMerrentt Matte Y011at Sear. Stews Socials's Cap. Ono 1.1.rtnenn Crow WTI &wenn Mn Yen 11201.3359 (212.1272-1CCO INSTTRTTIONAL INTERESTS KC in STATEMENT PEFOC:0 Octotee 1.2003 neoucm Octotm 31.2003 ACCOUNT TAMAR 049.518420 281 TASTER µNW On Fie LAST armorer Staernbst 30. 2003 lkOn %urns" %. ineematoul w--oset Mt. P. nx sondes el • Till wan& vAtmen Neill Be reined to wit nat. See (wens TAR ter rpTrOT nonnalcr 027 1101,01 14 02 001 NV 8 EFTA01322210 CI.L4RED 71470.1014 mS wrocur bm0) SUSS/044.Ry In. Stan Seattes Cap. 17041.41177:, —Mum Arcottyn Net Y01 11201.380 121212720400 INSTI1UTMAIAL INTERESTS A/C r2 2 on OttSZZOO- V.L43 0 z -n C in z -H r _ SPLZSECIO IN9 ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 027 II/01/0314 02 001 V812 EFTA01322211 0.EARE0 TIROLIGI ITS NH= OVOIED SUI00300IY I trSZZOO- V.L43 BEAR STEARNS °FACE stRvKalG YOUR ACCOUNT Bear. Steams a Co. Inc. 383 Madison Avenue New Yak. New• Yak 10179 (212) 272.2030 3 ce Cash Flow Analysis MC PERIOD Income Summary 443939 IMAM Oaf Dividerds 10.084.27 261.982.37 Opening Balance 893,684.50 Credit BaMnce Int. 39.17 6,152.50 Securities Sold 974,146.37 Total 210.123.44 5268.134.87 Money Fund 84.27 0 Dividends/ Rawest Amount Credited 10.039.17 1984.269.81 -n Securities BougM -749.105.41 Portfolio Composition Cash/Cash Equvalent 441.691 Money Fund 44,27 EqUILI23 21.172.075 C in Amount Debited Net Cash Activity $--749,189.68 235.08013 Total $21,513,766 Closing Balance 1326764.63 r Cash Balance Summary OPOING 036003 Cash 93,684.50 328.764.63 Net Cash Balance 193.684.50 2328.764.83 _ 617LZSE00 IN 9 ANGS 022 11013101402 031 Oat Slaw SeatlItas Cep. Ora MOUS. Over Nfl 0.020yrk Pita Wit 113418959 12121270100D INSTITUTIONAL INTERESTS NC #2 ITATIMENT P€RIO0 00001! 1.2033 THROUGH 00000 31, 2003 ACCOUNT Mate 049.51890 211 TAXPAYER NUIMER Cn Tie L494 antwen Septenter 30.2003 Your Portfolio Allocation Cash & EquNelent—, 2% 0..nrad wan derma aut ben it OW! .ens —. Thy OCCOICCI PlICelne . fennd f0r. 0e name Tat., var.d — mitt rate EFTA01322212 0 in r OSLZSE00- IN9- ANGS IJ IJ tn IJ BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Rear. Steams & Co. Inc. 383 Madison Avenue Nee Yak. New York 10179 (212) 272-2000 4 Or 7 Your Portfolio Holdings CASH & CASH EQUIVALENTS 1)113CRIP11M Klet ~PIT WWI LIMATED 041K1/1 MKS( NOW( MAIN CASH NUANCE 328.765 BEAR STEARNS PRIME MONEY LIARKEIPORTFOUD CL Y BØ 112.926.19 1.0000 112,926 1.028 0.9103 ONIDEND REAMS= TOTAL CASH & CASH EQUIVALENTS 5441,691 51.028 EQUITIES Equities & Options KC1 ~CET 15111IATED 0~11 oiscarnos 51141101~1/1 OUMMY Wag AKM" «OM 180 N AMERICAN INTERNATIONAL GROUP NC MG CASH 25.003 60.8300 1.520,750 6.500 0.4274 BANK OF AMER CORP BAC CASH 40.000 75.7300 3.029,200 128.000 4.2255 CMGROUP INC C CASH 27.375 47.4000 1,297.575 38,325 2.9536 FREDDIE MACXOTING COMON (FCATAERLY HOWIE LOAN ME CASH 30,000 56.1300 1.683,900 31.200 1.8528 ORRAL 140ITIGAGE CORP) INTERNATIONAL BUSINESS EtM CASH 20.000 89.4800 1.789.600 12.800 0.7152 MACHNES CORP JOHNSON& JOHNSON JNI CASH 60.000 50.3300 3.019.800 57.600 1.9074 MEINA CORP KRB CASH 100.000 24.7500 2.475.000 40.000 1.6162 PFIZER INC PFE CASH 75,000 31.6000 2.370.000 45.000 1.8987 PROCTER & GAMINS CO PG CASH 25.000 98.2900 2.457.250 45.500 1.8517 =MED THROyarr IS MOLL ~ED SuILMARY Oar. Smarm Searlen CO14 Ore /44004ch emir WM imelletIem Yen 11201.3469 ma 272.10:0 INSTITUTIONAL INTERESTS NC Is2 name« rob» Weber 1, 2003 ^4n00+ø1 °ad» , 31. 2003 •CeOurer roalpt 04941880 241 TAMMY°, WJA:Efi On tie sT4Mina September 30 2003 017 11gØ4Ø COI YNs EFTA01322213 ri &Leg, MROU31.1 ITS WPICLLY OAKD SLISIDIARY ril 8 b.) tn IJ BffiR STWRNS OFFICE SERVICING YOUR ACCOUNI Beat. Stearns & Co. Inc. 383 Mattson Avenue New York. New Yak 10179 (212) 272-2000 5 et y Your Portfolio Holdings (continued) -n Equities & Options (continued) DitSCIeln1011 STVIOWCIAIP Ial net OUNMY IMstat MCC VILUE aMuleo CURRIM AlalWl WOW AM> MO TIME WARNER INC 1V NEW Total Equities& Options CASH 100.000 15.2900 1.529.000 521.172.075 5404.925 TOTAL EQUITIES 521.172.075 5404.925 YOUR TOTAL ESTIMATED ANNUAL INCOME 5405.953 rn z YOUR PRICEDPORTFOLIO/IC/ICINGS 521.613,766 Transaction Detail r ISLZSE00- IA19- ÅNGS INVESTMENT ACTIVITY SCULPT MCC DM OM ~MUM COOWIC., 10/16/03 NAME CMG AOL TIME WARNER INC 00184A105 -100.000 A011274 101007117 WC TIME WARNER INC SWealCUSIP flaw. kiln Manses Cc, 1.4~ Cate .en &Ø)" k9i York 112014859 an) fly) cco INS1TTUTIONAL INTERESTS NC *2 S. ATACC erwoo October 1.2003 MR012311 Oaober 31.2003 •CCOtwr 51..111811 049.51880 281 TO:SAYER 115.1.89.1 on Foe LAST 8.512112111 SePterrter 30.2Ø QUANM NU OW «gat CAM MOUNT 10/16/03 NAME CMG TIME WARNER INC TWA 100,000 NEW 1007117 FROM A011234 WC TIME WARMER WC 10/27/03 10/22/03 SOLD E I CO PONT DE NEMOIRS & CO AVG PRICE SHOWN-OETARS ON REO ACTUAL COMMIS% TO YOUR AGM CISCRETIONARY OMER DO .25,000 39.20820 974,146.37 t83143:1•02 COI NIS EFTA01322214 r 81 1 8 IJ tn Ap IJ m r ZSLZSE00- IND- ANGS BEAR STEARNS OFF10E SERVICING YOUR ACCOUNT Bear. Steers & Co. Inc. 363 Meacion Avenue New York. New Yee* 10179 [212) 272-2000 Transaction Detail (continued) INVESTMENT ACTIVITY (:ontnued) 5(T1Ø mot art 411E ~sac« 013CRP111:114 10/30/03 10/27/03 BOUGHT SYMCD.E.Rm CACARED ~OUCH ITS vmOttY OARED SUISSCOMY Sim imam Searat4 Corp. •191~ Gem NAM &Or eher at 20 3859 Q12)21124508 INSTMITIONAL INTERESTS NC #2 STATVALNT MMOD October 1.2003 ~DUDA October 31.2003 rocovert wars GO-51880 281 TAXPAYER rameet On Ede err arrerween 5MMArnbr 30.2003 MAYMY xeCf CUNT NAOMI OEM «OM BANK OF AMER CORP BAC 10.000 74.49740 749.105.41 AVG PRICE SNOMIDETAILS ON REO ACTUAL CONFIRM TO YOUR AGENT CISCREMONARY GILDER TOTAL 1449.105.41 1974.146.37 MONEY FUND ACTIVITY DATE NOMA? 00191AMEN CESCAPTION SYDOCl/Q1511 ~arc RICE Delfl AMOUI11 011108 ~Um 10/01/03 OPENINGBALANCE 112.841.92 10/01/03 OMOENO BEAR STEARNS PRIME MONEY BSPA.10( 84.27 !Weal PORTICUO CI. Y RECORD 09/30)3 PAY 043003 10/01/03 REINYES1 BEAR STEARNS PRIME MONEY Irma 84.27 84.27 MAIMET POMPOM CI Y REINVEST PRICES 1.00 10131/03 CLOSINGBALANCE 112.926.19 TOTAL 584.27 c27 1, 9/.03.1402 DO, M18 EFTA01322215 CLEARED 114t0014 ITS WAWA' OWED SLIISIORRY StPSZZOO- V.L43 C)0 -n z C in z -H r _ £SLZS£00 IND ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New York. Now York 10179 (212) 272.2003 Transaction Detail (continued) DIVIDENDS OAR OILSOSPIXSO 10/01/03 MBNA CORP KRB 100.000 0.1000 10000110 REC 09/15/03 PAY 10.01,13 TOTAL EVIRICUCUSIP Ser. San Sannise One Wean n Wenn &COOL; Mtn YOT 11201.311) rya 31-1CCO INSTITUTKINAL INTERESTS NC #2 summon Pt moo Maker 1.2003 110e0L4n Oacter 31.2003 AILCCANT Rana TAXPAYER POW LAST STATRAOLT MAXON we 11 Me Wax, CREZEI MOW $10.000.00 INTEREST oat Warm 1021/03 INTEREST ON CREDO BALANCE AT 0 1/2% 09/21 THRU 10/20 TOTAL OALLATT PATE Ille 0111.01110 CROP ALLOW 0.5000 39.17 $39.17 End of Statement 11,01011402 CC' 049-S1880 281 On Re SaaWitier 30.2003 EFTA01322216 9117SZZOO-V1.43 OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. BEAR 383 Madison Avenue New Yak. New York 10179 STEARNS (212) 272.2003 ACCOUNT EXECUTNE GREENBERG.ALAN C. TELEPHONE (212)272.4605 MIT MR ViEBSITE www.bearsteams.com What's In This Statement I IIIIIIIIIIIIIIII Financial Summary 3 INSTITUTIONAL INTERESTS NC /2 Your Portfolio Holdings 4 CAD FINANCAAL TRUST COMPANY Transaction Detail 5 ATM LARRY KEMP • 6100 RED HOOK QUARTER Fund Activity SUITE 8-3 0 YOUr Messages 8 ST THOMAS VI 00802 m C in r _ VSLZS£00 IND ANGS Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THM PERIOD 20.728.086 Market Value of Your Portfolio cash Roa n .1 6206.627 $135.397 NET CREDIT BALANCE 93.685 &MOM $20.1213.086 MONEY MARKET FUND BALANCE 112.842 120.771.706 1200011 melt van IC EMPTY THIS PERIOD $20.934,613 Last statement's market vela NET EQUITY LAST STATEMENT 20.913.103 CHARGE SINCE UST STATEMENT 21.509 There are no 'Stop Loss' orders or other pending bliy or sell open orders on file for your account. Robe .1021. any Onerc* or romecert 0 cheat of erns, 010oiod b Cm Unto 0 10•24.14.i429, a b Coon taw.. it Cab. Sum Egoabot Corp. 0.. 1000oth Gene rear. rs,fl 4Y filst4559 CLEARED 1.0a. ITS WeCELY OWED SISSCIARY tea. Rums Seeman On Ow MoUctoch Can* lOat Irc00" Mar von 11201.3559 12121 212.1COD INS11TUTIONAL INTERESTS Alt 02 STAT2LIST PERICO &}n1 30.2003 ninouOm Seeternxr 30.7003 AZCOLW NIAMER 049-51880 281 TAXPAYER NUIMER C.0 nb LAST SYstrxtvr Aupst 29 2003 Important Message Bear Stearns is pleased to ono:sinew <emersion to a calendar monthtxl statemeM. Effective this rn7re. your account statement reflects an angrily and account venation upto and including the last bLainess day of the month. ewe. Ten irony is br ~noon 0n0043 at,. b rat Nem ass oh coarse Inn gonna mwe be tthigetl far ycu nags EN /own SS fir 094(taft /09/120D3I. 021 1001411.11.21 ODI EFTA01322217 REARED THAOU04 MS 'MOLLY Ownt0 Suer=am Int Mums Scans Corp eiehicenech Cann kel, bro000. LYS♦y, 11201-3859 010 2124030 INSTITUTIONAL INTERESTS NC A2 2 Ltt5ZZOO- V1.43 O z m cim z H r SSLZS£00 IND ANDS STATEMENT BACKER IS PRINTED ON THIS PAGE 023 10010:0:1121 931 991, EFTA01322218 CLEARED THROUGH rrS smear (PANED WS:MAW Str5ZZOO- V1-43 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams b Co. Inc. 383 Madison Avenue New WA. Now York 10179 (212) 272-2CO3 3 Cash Flow Analysis IC SCROD Income Summary MS PERIOD WARM OAK Opening 8a lance Money Fund 522.643.20 87.79 Divdends 71.112.79 Credit Balance Int. 16.30 251.698.10 6.113.33 C) DividendsAmerest 71.041.30 Total 571.129.09 5259.011.43 0 Amount Credited 571.12%09 z Abney Fund -97.79 Portfolio Composition m Amount Debited 5-87.79 CasteCmh Equiralent 206.527 C Net Cash Activity 71.041.30 EquIdes 20,728.C436 rn z -H ClceshiBa lance Cash Balance Summary 593.684.50 Total 520.934,613 MOMS CAME r Cash 22.643.20 93.684.50 Net Cash Balance 522.643.20 593.684.50 _ 9SLZS£00 N19 ANUS 027 IOW Oa n 11 Cr01 Rot Sued Secullet ow lAttrcuten Caws Noer !opts% tars Ten 112014459 tint 272.1000 INS1TFUTIONAL INTERESTS NC *2 STAMEN" MOOD AOgUM 39.2003 THROD314 Stnttember 30.2003 ACCOUNT wheAR TAAPAre. hiAsieR LAST STAIllatul D49-518,30 281 On RN August 29.2003 Your Portfolio Allocation lF+•sde prlaes era evet YYvn friMe yrkyl mole< ,.W.. The .Ins{ ai po—a•upt a cb•—••0 'kW re staolui• rew'al ...,e o, pnr (CMS, 5515 EFTA01322219 0.E..480 near..n rts vnieu.r OnNE0 Unktinnw 6ftSZZOO- V1.43 0 -n C in r _ LSLZS£00 IN9 ANGS BEAR STERNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New Yak, New York 10179 (212) 272-2000 4 er On. Swim Senn*. Cos. One Wunsch Ca. innn tkonn. We Von 11201.3869 (2121272.1000 INSTITUTIONAL INTERESTS MC *2 STATDAINT IMMO AIlgal 30.2003 11C01441 September 30. 2003 Your Portfolio Holdings AMOUNT SW 049.51880 281 CASH & CASH EQUIVALENTS TwPAYER SSA On FM UST STATEMENT AllgUlt 29.2003 ISIS= UPS C DESCRIP80.1 SWDOLCUW SWAY AMYX NOM TULD00 CASH BALANCE 93.685 BEAR STEARNS PRIME MONEY BSMX1 112,841.92 1.0000 112.842 1.016 0.9004 MARKET PORTFOLIO CL Y DIVOEND REINVESTED TOTAL CASH & CASH EQUIVALENTS 5206.527 $1.016 EQUITIES Equities S Options MCI SWAT ($1181ATED CURRENT OtSC09113.1 SSW/CUSP ME CIUMMN MPAIAL 'COME YVAD 1%) AOL TNE WARNER INC AOL CASH 100.000 15.1100 1,511.000 AMERICAN INTERNATIONAL GROUP AIG CASH 25.000 57.7000 1.442,500 6.500 0.4506 NC BANN OF AMER CORP BAC CASH 30,000 78.0400 2.341.200 96.000 4.1005 CMGROUP INC C CASH 27.375 45.5100 1.245.836 38.325 3.0762 E I DU PONT DE NEMOURS & CO DD CASH 25,030 40.0100 1,000,250 35.000 3.4991 FREDDIE MAC-VOTING COMMON FRE CASH 30.000 52.3500 1.570.500 31.200 1.9866 MORTGAGE (F Y AML HOLE LOAN ) INTERNATIONAL BUSINESS IBM CASH 20,000 88.3300 1.766.600 12,800 0.7246 ALCOVES CORP JOHNSON& JOHNSON JNJ CASH 60.000 49.5200 2.971,200 57.600 1.9386 MBNA CORP ERB CASH 100.000 22.8000 2.280.000 40,000 1.7544 027 1001/03.1121 001 413 EFTA01322220 -n C in z -H r 8SLZSEOCIN9- ANGS I8 IJ In O IJ BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New Yak. New York 10179 (212) 272-2000 5 so STATEMENT POMO in0o3H Ann 30.2003 Septoner 30. 2003 Your Portfolio Holdings (Continued) ACCCOn moan 04901880 281 TAXPAYER AMBER O Ole Equities & Options (continued) LAST trAnallIn Anal 29. 2033 WaCET ESTOMTED CURIUM DESCRIP1100 07.400.0AIP M M Warn Wan AMPS INCOME VIEW 00 PFIZER INC PFE CASH 75,030 30.3800 2.278.500 45.000 1.9750 PROCTER & GAMBLE CO PG CASH 25.000 92.8200 2.320.500 45.500 1.9608 Total Equities& Option5 520.728.086 5407.925 TOTAL EQUITIES 320.728086 3407.925 &WED 000.101 rR near ant SillOCORY aeu nam Sens On 00 Moven C— Not BroOtio. in Tot 112014069 R12I 272.1000 INSTITUTIONAL INTERESTS NC #2 YOUR TOTAL ESTIMATED ANNUAL INCOME 5408.941 YOUR PRICED HORTVOLIOHOLDDIGS $20,934,613 Transaction Detail MONEY FUND ACTIVITY DUE I ow 11010.4110i 08/30/03 asoArmov OPENINGBALANCE 112.754.13 SYPAIOUCILOP 00151 MOM DM MOM 09/02/03 DIVIDENO BEAR STEARNS PRIME MONEY 851.03( 97.79 MARKET POR170U0 CL Y RECORD 013/29/03 PAY 013/29403 09/02/03 REINVEST BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL REINVEST PRICE 3 1.00 EISFACC 87.79 87.79 82T 1001/001111 001 1113 EFTA01322221 I SVSZZOO-V.L.43 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stems & Co. Me. 383 Madison Avenue NOW YC1R. New York 10179 (212) 272.2000 6 09 Transaction Detail (continued) 0 MONEY FUND ACTIVITY (continued) DATE µidly TIEUES/CRON oiscpso03 STIPTOLICUSIP oumarry Pita 09/30103 CLOSINGBALANCE 112.841 92 TOTAL DIVIDENDS -n C rn r _ 6SLZS£00 INS ANGS ClUatt) nob:4nm rts 1..esouv OWNED IMMOARY Ow Sitars SeCUIRES Carp. Coe Weetedi Orin WOO &WOE" Na, Tot 11201.1119 272.1000 INSTITUTIONAL INTERESTS AC 02 STATEVEST AERti) AusEW 39 2003 NAGA* September 30.2003 ACCOUNT uu•SER 049-51990 291 TAXPAYER REAMER n.9 EDP EAST STATtEArC A9961 29.2003 DEW AMMER CREW AMOUNT 5.87.79 58739 GATE DESCRIPTION SMOUCUSIP oummy PATE ($) OMR MOW CRICD IMOIMI 09/04/03 PFIZER NC PFE 75.000 0.1500 11,250.00 REC 08/15/03 PAY 09104103 09/09/03 JOHNSON& JOHNSON ALI 60.000 0.2400 14.400.00 REC 06/19/03 PAY 0910903 09/10/03 INTERNATIONAL BUSINESS IBM 20.000 0.1600 3.200.00 TAPODRES CCRP REC 091903/03 PAY 09/10r03 09/12/03 E I DU PONT DE NEMOURS & CO DD 25,000 0.3500 8.750.00 REC 013/15/03 PAY 09112/03 09/19/03 AMERICAN INTERNATIONAL GROUP AIG 25.000 0.0650 1,625.00 INC REC 09/05/03 PAY 09/1903 09126/03 BANK OF AMER CORP BAC 30.000 0.8000 24.000.00 REC 09.05/03 PAY 09/26103 09/30/03 FREDDIE MAC-VOTING COMMON FRE 30.003 0.2600 7,800.03 (FORRT MERLY FEDERAL HOME LOPAI MOGAGE REC 09/1SMZ 09/3003 TOTAL $71 025 00 UPI 10031/03:1121 001 YIil EFTA01322222 0 z m C in z -H r 09LZSEOCIA19- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & CO. Inc. 383 Munson Avenue New Yak. New York 10179 (212) 272-2C00 7 w Transaction Detail (continued) INTEREST DAR OFSCRIFIEN 09122)03 INTEREST ON CREDIT BALANCE AT 0 1/2% Osiv2i DiRu 09/20 TOTAL 50.180../0731, Cain TrotOinm ns wkoirf ~OD aSSAY 1w. San Stonkes CO' Ow "Vann Caws NM' ikon". 77" York 11201.3859 Irk 272.1000 INSTRMONAL INTERESTS NC •2 SurDer oeP700 August 30.2003 714".737, Starnber 30. 2003 ASR Niemen 049.51893 281 memo:I NM.1.lER On Fik LAST surrwrwr Fops* 29.2003 COMM AMC Oa arT MWC CROW MAO", 0.5000 16.30 516.30 027 1001011121 001 V113 EFTA01322223 -n C in r T9LZSEOCIN9- ANGS BEAR STURNS COME SERVCRG YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Mason Avenue New York, New York 10179 (212) 272-2000 Your messages Bear, Steams Securities Corp. Net Capital and Net Capital Requirements: At May 31. 2O03 and July 31. 2003, the Companys net capital of approximately 52.4 billion and $3.0 billion was approximately 6% and 7% of aggegate debit items and exceeded the minimum regulatory net capital regtirement of approximately $799.5 million and 5904.4 million by approximately S1.6 billion and 52,1 billion, all respectively. A complete copy of the Bear. Stearns Securities Corp. Statement of Financial Condition is available on the web site www.bearstearns.uxn. Alternatively, to request a free printed copy please cal • toll free 1.866-299-9331. Ca' CUARED THROUGH ITS MOLLY nab SASIYARY be«✓ San Swan Orp arc lanach Calm Net" bag" Nom ♦M 112014169 t2121272.1000 INSMUT1ONAL INTERESTS NC #2 snmerer moo August 30.2003 THROW,. Seinfritret 30.2003 rccouwr sweet 049.51880 an TwAYEA I/JUDEA On Ha LAST STATEWNT August 29, 2003 Securities and other assets in your account are the firm's collateral for any margin loan made to you, If the secuities and other assets in your account decline in value. so does the value of the collateral supporting your loan, and. as a result. the firm can take action. such as issue a margin call and/or sea securities or other assets in any of yocr accounts held with the member, in order to maintain the required equity in the account, It is important that you fully understand the risks invoNed in trading securities on margin. These risks include the following: You can lose more funds than you deposit in the margin account. The firm can force the sale of securities or other assets in you account(s), • The frm can sell your securities or other assets without contacting you. ' You are not entitled to choose which securities a other assets in your account(s) are liquidated or sold to meet a margin cal. • The firm can increase its 'house• maintenance margin requirements at any time and is not required to provide you advance written notice. • You are not entitled to an extension of time on a margin call 02, COI 1413 EFTA01322224 VSPSZZOO- V1.43 (-) 0 z m cim z H r Z9LZS£00 IND ANDS BEAR STEARNS MCC SERVICING TOM ACCOUNT Sear. Steams & Co. Inc. 383 Madsen Avenue NOW York. New York 10179 (212) 272-2000 This statement is provided to explain Bear. Stearns & Co. Inc.'s (MC) payment for order kw practices. BSC routes a majority of orders for customer securities transactions to the primary market for such securities. Orders may also be routed to other market service vendors that assure executions pursuant to complex mathematical formulas at better than the national best bid or best offer (NBBO). BSC receives no cash payment or other consideration for such order routing other than favorable executions or executions of limit orders at no additional charge. STOPI End or Statement CZ' [MARCO THROWN 103 V.1400.3 OWNED 13.111.1110Vin• Mgr Sten Starnes lop. Crog insatch Grier WI, alder, Not 103 11201.3559 222,1000 2123 INSTITUTIONAL INTERESTS NC 92 STATtittNI ent00 3.L.S.u12 30.2003 rpiliCO2.4 Septentor 30.2003 ACCOUNT 5.1)091121 040-51990 291 13102AYER 11114950 On ft LAST SUMO? AIMS( 29. 2003 Pursuant to SEC Rule 119c1-6. please note the following: Bear. Stearns & Co. Inc. will post its quarterly routing statistics at the following web ink: http://wmv&earsteams.comf. Click on Individual Irrrestor, Click on Equities, Click on Order Routing Practices. Customers of Bear. Steams & Co. Inc. may request information on any order executed within the prior six months from the time of the request. Specifically. you may request the identity of the venue to which the identified orders were routed for execution. whether the ceder was directed by you to that venue. and the time of the executions, if any, that resulted from such orders. 027 1001/03;ii:21 001 1013 EFTA01322225 atuaiD THROUGH rrs woµv ITE4E0 $1.62/6.411T 55175ZZOO- V1.43 T4iNaGUNO0 BaSECICMANCIS BEAR STEARNS OFFICE SERVCMG YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madsen Avenue New Yoh, New York 10179 (212) 272-2000 Ow Ream Sees co. . Me wawa cow mai armor ism art 201.3030 12121 272.1000 INSTITUTIONAL INTERESTS NC #2 ACCOUNT EXECUTNE GREEN8ERG.ALAN C. STAW n.100 July 26.8703 TELEPHONE (212)272-4605 Tent .441.4t 26. 2003 VISIT OUR WE8SRE wateanteams.com What's In This Statement Illtlllmrrlrmllll I I recourr rousse TAIMAYIR WIMP 049-51880 211 OfIrde Financial Summary Your Portfolio Holdings 3 4 INSTITUTIONAL INTERESTS A/C 42 C/0 FINANCIAL TRUST COMPANY OUT menace, NH 25.2003 ATM LARRY KEMP Transaction Detail 6100 RED HOOK QUARTER Fund Activity 6 SUITE B-3 ST THOMAS VI 00802 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERM 20.777.706 Market Value of Your Portfolio cash&Eq.n.,km—I 1135.397 1114.233 NET CREDIT EIALA/CE 22.643 Ecimes 320.777.706 321.368,709 MONEY MARKET FUND °MANCE 112.754 Come market Was NET EQUITY THIS PERIOD 620.913,103 Last statement's marts maw NET EQUITY LAST STATEMENT 21.483,942 CHANGE SINCE LAST STATEMENT -570,839 There are no Stop Loss orders or other pending buy or sell open orders on file for you account. Memo noon any Orane or ronoong of chile% et WOO; afrated a* ettnoned Sfleo. P CMM Sena. <0.141.14-142.1. a **a IC Del ?awn it a... Sole co,. One Weerach Goner \or, EleoPI7T I in' aMi " !al Ps nontnarYOO-00,771-1.IT Pal,01.1 ON/. IN ma ramate wow aumais ht fixeren sto7.0 Ttanta1P ).2‘r matt. Sac Imo m PIP Iv hese •Ionnsacn Cr 0&3003;13'41 001 Important Message Bear Stearns IS pleased to announce our ccoverson to a calendar month-end statement. Effective September 2003.your account Staletllefft reelect all actntty aril account valuation up to and including the last business day or the month. V/312 EFTA01322226 CULUtC0 ThOtOtalm NICLaY ONMED SUIISOYAY Bet Stan Setullatt Carp. Venle01 Cann Meath bnoldr. Mat Tat 11301.3859 1212]211-1000 INSIIIUTIONAL INTERESTS NC #2 2 et • 9SPSZZOOV.L43 0 0 T I C in z -H r _ P9LZS£00 IN9 ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 02? Oftletal 13 as CO1 VO12 EFTA01322227 CLEARED 11410JCP. PS W1100, 00.24.0 SL/820C4ARY BEAR STEARNS OFFICE SERVCING MR ACCOUNT Bear. Stearns b Co. Inc. 383 Matson Avenue New Tort. Now York 10179 (212) 272-2000 3 0. r. Cash Flow Analysis TIPS PERIM Income Summary DRIPM60 Ma/006TE Opening Balance 51,686.28 DINclends 21,162.44 180.785.31 Creek Balance IM. 1.67 6.097.03 Money Fund 206.19 0 0 z Ohidendsarearest Amount Credited Money Reid 20.957.92 521,164.11 -206.19 Total $21.164.11 Portfolio Composition 5186.882.34 m Amount Debited 5.206.19 Cash/Cash Earn** 135.397 Net Cash Activity 20.957.92 footles 20.777.706 C in z Closing Balance $22.643.20 Total 520.913.103 r S9LZSEOCIND- ANGS Cash Balance Summary O.O5PC Cash 1.685.26 22.64120 Net CashBalance 51.685.28 522.643.20 0/7 0.1OO3 13 85 001 Etas Sane Stone Cop aAltlittsch Cm* Wt. Ifrookan. 112A, Tat 11201.3859 2721000 INSTITUTIONAL INTERESTS At *2 STAT.-12er nnoo by 76. 2003 T1010LCal Aulani 29.2003 woman wykER TAXPAYER MASER LAST STATSPSH1 049.51880 281 On Tic July 25.2003 Your Portfolio Allocation — Equibe2 99% enual 'NOM Ora, 090 ban ar.3,a• vele rya 00 rtioprion :ewer's n xenme hp, to *Nan yin ,Vlit U wr POit0 X1112 EFTA01322228 8StSZZOO- V1-43 0 1 1 rn r _ _ 99LZSE00 IND ANGS BEAR STEARNS (»ME SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Mason Avenue New York. New York 10179 (212) 272-2000 4 at Your Portfolio Holdings STAIWa7 P15100 498090m ACCOLW Nana Ay 26. 2303 Augur 29.2003 049.51880 281 CASH & CASH EQUIVALENTS TAXPAYIM NWSIZR On File LAST STATaaT 9.1y 25. 2033 satin ISTMAIED CUMIN, DISOWIION SnitOu0.MP OkuN1117 316CE VA11E IMliM P40Ma TOD IN CASH BALANCE 22.643 BEM STEARNS PR/ME MONEY 8SIAKK 112,754.13 1.0000 112,754 1,028 0.9099 mARKET PORTFOLO CL Y DNIDENO REINVESTED TOTAL CASH & CASH EQUIVALENTS 9135.397 51.026 EQUITIES Equities & Options DESCR910% snmoueusr ART TYPE COMM IRa WAND ISlMAI[D WOK 444444 INCOME DAMEINS MILO OR AOL TIME WARNER INC A01. CASH 100,000 16.31503 1,636.000 AMERICAN INTERNATIONAL GROUP MG CASH 25.000 59.5700 1.489,250 6.600 0.4365 INC BANK OF AMER CORP MC CASH 30000 79.2500 2.377,500 96,000 4.0379 CITIGROUP INC C CASH 27.375 43.3500 1.186,706 38,325 3.2295 E I DU PONT DE NEMOURS & CO CO CASH 25.000 44.7400 1.118,500 35.000 3.1292 FREDDIE MAC-VOTING COMMON ERE CASH 30.000 53.1500 1.594.500 31.200 1.9567 (FORMERLY FEDERAL HOM LOAN moRTGAGE CORP) INTERNATIONAL BUSINESS IBM CASH 20.000 82.0100 1.840,200 12.800 0.7804 MACHINES CORP )3101SON& JOHNSON .IN.I CASH 60.000 49.5800 2.974.800 57.600 1.9363 MBNA CORP KRB CASH 100,000 23.3400 2,334.000 40.000 1.7138 027 ~3:1244 001 0.SARED ~CUM ITS ~OW OHO) SLIalOtaY Pay. Se" Stata Cn Itaaa Cat lath anal RA al 11204859 C2121212,10:0 INSTMR1310.1. INTERESTS NC 02 EFTA01322229 =ARC0 THROWN ITS IvACCLY °MED SuISSIDORY BEAR STEARNS OFFICE SERVICING YOUR ACCOUS// Bea Steams 8 Co. Inc. 383 Madison ATVS New York. New Yak 10179 (21 2) 272-2000 S a4 Your Portfolio Holdings (continued) Equities & Options (coronued) - z (*SCRS:A 00.110)0AIP ACCI nn ammo IIARRO rMu %RUC ESTIMATED MSS MSC MST MILD MO PFIZER INC PFE PROCTER & GAMBLE CO PG CASH CASH 75.000 25.000 29.9200 2.244.000 87.2900 2.182.250 520.777.706 45.000 45.500 5407.925 2.0053 2.0850 420777.706 5407.925 YOUR TOTAL ESTIMATED ANNUAL INCOME 5408.951 C rn z -H YOUR PRICEOPORTFOLIONOLDINGS 520.913.103 Transaction Detail MONEY FUND ACTIVITY r L9LZSE00- 019- ANGS DATE MST SSW( 07725/03 OPENINOBAUANCE 112.547.94 SWOON STIMUCUSP Bev. Sown( Sslas Cap. Ont StrAO1 Sr Math 0s*" New Ton 11201.3550 (2121 ZTAI000 INSITIUDONAL INTERESTS ABC 02 STATUS POLS AS/ 26.2003 SOAR AUgal 29.2003 AKOCANT SUR 049-51880 281 TAWAS 741.0407 On nk kat SCAMS( _Of 25.2003 CRIANITIV MCC CS SUM CRIDIT MAST 08/01103 DIVIDEND BEAR STEARNS PRIME MONEY BSAIM 208.19 MARKET PORWOU0 CL Y RECORD 07/31103 PAY 07/31/03 08/01/03 REINVEST BEM STEARNS PRIME MONEY MARKET PORTFOu0 CL Y REMISS Pft/CE 1.00 6.5MU 206.19 206.19 027 0YF00:13:43 0O1 VS12 EFTA01322230 rn I8 1,4 La O IJ -n C in r 89LZSEOCIN9- ANGS BEAR STURNS OffICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Mattson AMIN) New York. New WV 10179 (212) 272-2000 6 e4 Transaction Detail (continued) MONEY FUND ACTIVITY (continued) out wwr MISR°. DESCRFION SYMIOUCIEW CLEARED THROW,. rT9 mtaµY 0A00.0 SuStuOwar Sts. Swan Sricult.is Cap. One Women, Ow& No% weer. iiet et 201.35S9 RI2) 2124000 INSTTRMONAL INTERESTS NC 402 sumac PEROO My 26. 2003 tHitaxof ALgust 29. 2003 ACM:Kr µum 04941990 281 TAXPAYER n.sw90‘ On Fie LAST stmortra Jut/25. 2003 Oman 1.11ZE Dan MOW OREM AmOva 08/29/03 CLOSINGBALANCE 112.754.13 TOTAL $406.19 5206.19 DIVIDENDS MIT teSCRIPTESI STIMOUCUSIP OVAWMY RATE 0) DER NOSE MOO SOW 08/15/03 PROCTER & WANE CO PG 25.000 0.4550 11.375.00 RIC 07/1103 PAY 08/15103 0022/03 CMGROuP INC REC 08/04/03 PAY 03/22/03 TOTAL 520.956.25 INTEREST DAIS OESCAPt10.4 SYMRO-CuSIP ctAsItry RATE 14 OMIT WW1, CROXI AMOUNT 08/21/03 INTEREST ON CREPT BALANCE 0.5000 1.67 AT 0112% 07121 IHRU 08/20 TOTAL 51.87 27.375 0.3500 9.581.25 On W1003:1343 C01 tI2 EFTA01322231 l9tSZZOO- V1.43 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams 8 Co. Inc. 383 Madison Melba New York. New York 10179 (212) 272-2000 CLEARED nbab50. rts MC4.Y (WOOD SUBSOVICY On. Sian Marne Corp. One Wray" Cn Wain ITTOTAt t Nev TO% 11Z01.38S9 IVO 273.1000 INSTINTIONAL iNTERES15 NC *2 ACCOUNT EXECtnNE GREENEIERG.MAN C. TELEPHONE (212)272.480S viSIT OUR %EMIT ww.bearsteems.com STATEMENT PEA CO nectax2s4 IMO 28.2003 417 25. 2003 What's In This Statement I I ACCCur Pe' lonot TAXPAYER MAMMA 04541550 281 On Fan Financial Summary 3 INSTITUTIONAL INTERESTS NC 1t2 NET STATEMENT Art 27.2003 Your Portfolio Holdings 4 010 FINANCIAL TRUST COMPANY Transaction Detail 5 ATTN LARRY KEMP • 6100 RED HOOK QUARTER 0 Fund Activity 6 SINE B-3 0 ST THOMAS VI 00802 TZ i t C in Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERCO 21.369.709 Market Value of Your Portfolio can Egrasen _II 5114,233 5633.821 NET CREDIT BALANCE 1.685 Cowles 521.369.709 MONEY IAARAET RED BALINCE 112.548 520.275.749 MS Omni mwter TAW NET Worry nos moo $21,483,942 tap gattenenCS malice vain. r NET EQUITY LAST STATEMENT 20.909.370 CHANGE SINCE UST STATEMENT 574.572 _ 69LZS£00 IND ANC'S There are no 'Stop LOSS' orders or other pending buy or sell open orders on file for your account. [Tense nor. an' Mertw n tanntept ti Owns st WA. natrea in tenors, n m. te 'ben, Swat. M W4.11,0*. amt. n Oen, lavas M Sea SWF6 Snubs Cap. Or* Monts. Cana Onottr. Hy 1120.0(49 t The wary e be Manta* Tu,OStn ten.. t o nX.MinCed elates downed. 1744 'eternise IASI be nr.eiltb let Kir reeern See 'twee int nportert nionnincre 017 0275931033 COT EFTA01322232 awn: 'warn ITS wricsa.v 0.003 St-i341Cav Ow. Steams Stator Cop. One Matte* Cow Nod, 8rto.Or. Mn Yvt 11201.3859 (2121 ]l2.IOA INSTITUTIONAL INTERESTS NC *2 2 a r rn IS IJ U.) La 10 1.0 O z ii C in z -H r OLLZSEOCIA19- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 027 omunie,13 001 von EFTA01322233 BEAR STEARNS 09910E SERvICAn YOUR ACCOUNT Bear. Steams & Co. Inc- 363 Madison Avenue New York. New Yoh 10179 (212) 272-2000 Cash Flow Analysis "C PERIOD Cash Balance Summary CeMPC aosec OpeningBalance Money Fun Dividocchilnrerest 921.629.88 500.556.95 13.205.15 Cash Net Cash Balance 21.629.88 521,629.88 1.685.28 51,685.28 0 Amount Credited Securbes Bought $513,762.10 -533.149.75 Income Summary -n Money Fund .556.95 MS PERIM TUS MOAN 13.756.95 159,622.87 Amount Debited $-533,706.70 Credit Balance IM. 5.15 6.095.36 C in Net Cash ActMty Closinpealance .19,944.60 51.685.28 Total 913,762.10 5165,718.23 Portfolio Composition Cashnash Equwaierr, 114,233 r Equities 21.369,709 Total $21,483,942 ILLZSEOCIN9- ANGS I8 IJ IJ La 021 OMS423.10 33 001 GEARED TeROLIM ITS WittOLLY 0M.SD Su•SOWee bee. Sure Minn COrit. Ore Wenn CANN Walt lieclOye 12rw al 20 3811 WIZ 272.1(310 INSINURONAL INTERESTS NC *2 SUMMIT Tate An 28.2007 T2 G1 key 25.2003 ACCOUNT r•JultEtt 049.51880 281 lAkkuvER Mane Oen* UST STATTATIM An 21.2003 Your Portfolio Allocation 99% Uttneet texas Oen dept Mtn wow .al nem yarn The elecaign teNMn2e Oleme Cr • IN tl iblelit mat< N4* cf Nut :bib:, 311I EFTA01322234 0 0 z -n rn z r ZUZSE00- IN9- ANGS Ip O IJ tn BffiR STWRNS OFFICE SERVICING YOUR AFD0INT Bew. Stearns & Co. Inc. 383 Madison Menu* New Yak, New Verk 10179 (212) 272-2003 4>7 Your Portfolio Holdings CASH & CASH EQUIVALENTS CISCRIPI1Cel CASH BALANCE SMIDOUCUS, CUMen ~MS OUNITITI YAWL ANlea leteMe MON 1,685 BEAR STEARMS PRIME MONEY I3SMXX 112.547.94 1.0000 112.548 1.035 0.9196 UNMET PORTFWO Cl. Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS 5114,233 51.035 EQUMES Equities & Option* ~MON STIMOVeU9P ACCT asemv Kea «PIT WWI UM" Mews ~et CØ VIEW N AOL TIME WARNER INC AOL CASH 100.000 15.3200 1.532,000 AMERICAN INTERNATKOML GROUP MG CASH 25.000 64.6500 1.616.250 6.503 0.4022 INC BANK OF ARIER CORP BAC CASH 30.000 83.5300 2,505.900 96.000 3.8310 CMGROUP INC C CASH 27.375 45.7300 1.251.859 38.325 3.0614 E I DU PONT OE NEMOURS & CO DD CASH 25.000 44.6900 1.117.250 35.000 3.1327 FREDDIE MAC-VODNGCOMMON FRE CASH 30,000 50.7500 1.522.503 31,200 2.0493 (TORLERLY FEDERAL HOIÆ LOAN MORTGAGE CORP) INTERNATIONAL BUSINESS IBM CASH 20.000 83.6700 1.673.400 12.800 0.7649 MACCES CORP JOHNSWA JOHNSON Ml CASH 60.000 52.2300 3.133.800 57.6C0 1.8380 IABNA CORP KR8 CASH 100,000 23.0:X0 2,300,000 40.000 1.7391 rim.% nROurin rts ~Xis Piste 9..e3Owee Ster. Sion Sean« nip OM &MOON — lear, ~Jr. He. 'yen 112014659 121212124000 INSTITUTIONAL INTERESTS NC #2 STATBARIT neb00 June 28. 2003 Ju/y 25. 2003 AOCCLMT 1CUrati, 019-51880 281 nap:~ M. On ne L.4- sinwevr June 27.2003 02, outset-lass an ben EFTA01322235 59175ZZOO- V1.43 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Memo New Vat, New Wyk 10179 (212) 272-2030 5 C 7 Your Portfolio Holdings (continued) Equities & Options (contive0) WW1 ETNA= CURRENT DESERPRON EVIABOIXUSAP Swim PRIX MIX AMUR. MOW YIELD CIO PFIZER INC PEE CASH 75.000 33.0400 2,478.000 45,030 1.8160 PROCTER &GAMBLE CO PG CASH 25.000 89.5500 2.238.750 45.500 2.0324 0 Total EquItles8tOptions $21,369,709 5407.925 TOTAL EQUITIES $21.389.709 5407.925 -n C in z -H r £LLZS£00 IND ANGS YOUR TOTAL ESTIMATED ANNUAL INCOME $408.960 YOUR PRICEDPORTFOLIOHOLDINGS 521.483.942 Transaction Detail INVESTMENT ACTIVITY OZAUD "AROMA n's vMOur DATED SUSSIDAARY Ow Sews Sean*, Cap. Oro IMintecn Grow Mon ettotbit Ns Tett 112014/59 RIZ 272.1000 ISISTffUTIONAL INTERESTS AFC 02 STAllDiENT PERIOD Ane 29.2003 niROUOM My 25.2003 Accoon TIMIER 049-51880 281 TAXPAYER maTER On file mar meager Ant 27.2003 SITTWAINT TRAM DATE DATE TRANSACTION DESCRSTKIN SYWOUCUSP OUNRITA PRICE COM WWII tette MAXIM' 07/08)03 07102103 BOUGHT FREDDIE MAC-VOTING COMMON FRE 10.000 53.00000 533.149.75 (FORmERLT FEDERAL MIME LOAN MORTGAGE CORP) CISCRETONARY ORDER TOTAL 5-533.149.75 027 07/26,01 16 33 OCT veil EFTA01322236 MIMED THROW,. ITS muCtsv arm SLESCHAY 99175ZZOO- VIda 0 -n C in r PLLZS£00 LAID ANUS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New Yak. New York 10179 (212) 272.2000 6 07 Sear. Simms Swan Cep. Olt Mama Cs Tam RN*" kew Tat 11201-3850 am211272.11:00 INSTITUTIONAL INTERESTS NC e2 STATEWETIT PEPSICO Arne 28.2003 Transaction Detail (continued) imAOLAIm MAYER Aswan At8 25. 2003 049-51880 281 On Flit TAXPAMER 'meant MONEY FUND ACTIVI7Y 017E µST STATEMENT Wm 27.2003 DESCRIPTION SVAII01/0.5, MAMMY MCC NWT wpm CREPT MOUS, Leen IRMISCIION 06/26/03 OPENINGBALANCE 611.990.99 07/01/03 DMDEND 07/01/03 REINVEST BEAR STEARNS PRIME MONEY MARKET PORTFOUO [L I/ RECC48) 06/30/03 PAY 06/30/03 BEAR STEARNS PRIME MONEY EISACC( awn 556.95 556.95 556.95 07/10/03 SOLD MARKET PORTFOLIO CL Y RENVEST PRICES 1.00 BEAR STEARNS PRIME MONEY BSVOC( -500,000 1.0000 500000.00 07/25/03 MARKET PORTFOU0 CL Y CLOSINGBALANCE 112.547$4 TOTAL 5.556.95 5500.556.95 DIVIDENDS OAR COMMON STVECUCUSP CRIMMY ROE CM 06/30/03 FREDDIE IAACNOTING CO/A*3N FRE 20.000 0.2600 (FMtMERLY FEDERAL HOME LOAN MRTGAGE CORP) REC 06/16/01 PAY 06/30103 OM WNW MIXT WONT 5.200.00 07101/03 MBNA CORP KRB 100.000 0.0600 8.000.00 KC 06/13/03 PAY 07)1n3 TOTAL 513.200.00 027 oMeenn33 oar ven EFTA01322237 CIEAss0 TKROuCtm ITS %Otto( PANED Sulisewre BEAR STEARNS OFFICE SERVICIVG YOUR ACCOUNT Boar. Steams & Co. Inc. 383 Madison Avenue New Yak. New Yak 10179 (212) 272-2CCO 7 cl 7 Transaction Detail (continued) INTEREST OAR OCSCROMII sueedatir Bee. Steers Semites Cep. Ore Verown Caw Mem lioedri. New Vet II ZOI.SIAS9 (CIO 272.1000 INSTIRMONAL DITERESTS NC *2 STAlluesT MOOD lune 28.2803 THI1C4CAt ACT 25.2003 AcCO‘Air noweCt 049-51880 2131 TAWAYER MAIER On fle LAST STATE...re Me 27.2003 Mumrry Mix (19 CELT MOM eine MA:Wir 07/21103 MEREST ONCREDIT BALANCE 0.7500 0.17 AT 0314%06/21 THRU 06/24 07121103 INTEREST ON CREDIT BALANCE 0.5000 4.98 0 AT 01/2% 06/25 THRU 07/20 TOTAL 55.15 -n C in r SLLZSE00- 019- ANGS STOP End of Statement OST OMV33:1Ct33 COI 'al 1 EFTA01322238 89PSZZOO- V1.43 0 z ii C rn z r _ 9LLZS£00 IND ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Des. Steams & Co. Inc. 383 Madison Avenue New York. New York 10179 (212) 272-2C00 ACCOUNT unmet GREENBERG.ALAN C. TELEPHONE (212)272.4805 VISIT OUR MOSUL anyw.bearsteams.com What's In This Statement Financial Summary 3 Your Portfolio Holdings Transaction Detail Fund Activity 6 Your Portfolio at a Glance TOTAL VALUE Of SECURMES THIS PERIOD NET CREDIT EIAIANCE HONEY MARKET FUND BALANCE 20.275.749 21,630 611.991 NET EOWTY hag PERTOO 520.909.370 NET EQUITY LAST STATEMENT 20,677.883 CHANGE SINCE LAST STATEMENT 231.487 There are no Stop Loss' orders or Other pending buy or sell open orders on file for your account. I INSTITUTIONAL INTERESTS A/C 00 FINANCIAL TRUST COMPANY ATTN LARRY KEMP 6100 RED HOOK QUARTER SUITE 8-3 ST THOMAS VI 00802 Market Value of Your Portfolio Cash & WHAM 3.621 $2711.150 aS1 $20.275.749 EqUelea sellIMMIEW 0.065.723 Anse bees we Monne a noneeceR w el•Kss a Ss ebbs es oaten b b Oen Sewer ele00{04-142A et nee * Cies Sewn It Nee fawn Searles Car. On Wenn Cent web. been, ' DO al* MO CUM% nine. WOWS - USD Statements market vac CLEAR= TAROVOI ITS MOLLY OMIGO SUSSVARY W. Seisms Swell* Ora On Mettesch Cents MST Erealtr Pre en 70141S9 12121 2724020 INSITRMONAL INTERESTS NC 12 SUYDAM' PIP= Wry 31.2003 TilleCOOlt AIM 27.2009 AVOW! Hamar 049-51580 281 TAXPAYER FARMER On rile LAST stArcucer May 30.2003 Si IDA tannin le le blemettbas' Probes PIS. X INT waded 31 It nonre nes Osteten *WO be Winn ?Or Deus retells Sr Tossesebbkr enprtre Mannar 021 OVPIAD3.1P0a CV Important Message Conarmation: Unless we hear from you to the contrary, it is our urclerstanOng that any free credit balances et your account are being maintaned to laciest° your Attention to Wriest such amounts through us. "Co EFTA01322239 CLEARED THROUGH ITS wHOUN — SLOSSAY apas Stevie Swan Cap. One Us Mach cut Wan tircettp. Mew Vita 11201.11159 GPM 272.1003 INSITRRIONAL INTERESTS NC *2 2 a+ 69PSZZOO- V.L43 0 z ii C in z -H r _ LLLZSECIO IND ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 021 060:103.I2 00 00i NCR EFTA01322240 OLVSZZOO- V.L43 BEAR STEARNS OFFICE SERVICING YOUR ACCCtAIT Seat. Stearns & Co. Ix. 383 Madison Manua New Talc New York 10179 (212) 272-2000 3 a7 Cash Flow Analysis nes n Cash Balance Summary 07414114 =SSG Opening Balance 52.032.811.00 Cash 2.032.811.00 21.629.88 Money Fuld 67.642.13 Net Cash Balance 52.032.811.00 521.629.88 0 0Mdends/Intorost 50112.00 0 Amount Credited 5117.754.13 Securities Bought -2.128.293.12 Income Summary m Money Fund -642.13 1145NRE10 IDA 70 Ont Ceddends 49.86713 145265.92 C in Amount Debited Net Cash Activity Closing Balance 5-2128.935.25 -2.011.181.12 521.629.88 Credit Balance Int. Total 887.00 550 754.13 6290.21 5151 956 13 Portfolio Composition Cash/Cash Councilors 633.621 r Equities 20.275.749 Total 520.909.370 _ 8LLZS£00 INS ANGS 027 C62804 '707 071 CLEARS0 1NROuOm AN= CroNED SUSSOIA/tf Sew Sans 50:10bei De Ilerofech Center 183, Poo", Nes orl, 20 3939 CM) 2/2.1000 INSTM/TIONAL INTERESTS MC 02 sTATRIAD.7 ream May 31. 2003 710i0.1311 kale 27. 2003 ACCAXt0 %MOIR 049-51800 281 TAxiweot kisiorR Fie LAST STATEINI00 WO 3D. 2003 Your Portfolio Allocation Cash A Equrialent — I% — Equ Lts 97% 2%-and 0,06 000 Vance mike Ymyt rni001 .1Os. The *loan, prep AT0)00 !tun O. Reek', TW*11 v00 0 0.0 1:040. 'et°, EFTA01322241