EFTA00195171.pdf

Statements EFTA00195171 CLEARED THROWN nS intiCkLY OHnEO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE Z:CHERMAN.IRA IA1 uearstearrts.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 3 Transaction Detail 4 Fund Activity 4 Your Messages 5 Your Portfolio at a Glance MONEY MARKET FUND BALANCE 111111111111111111111111111111111111111111111111111111111111 EPSTEIN INTERESTS DTD 12/26/91 JEFFERY E EPSTEIN & MARK L ' EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022.6843 Market Value of Your Portfolio 829,424 Cash & Equivalent NET EQUITY THIS PERIOD $829,424 NET EQUITY LAST STATEMENT 828.308 CHANGE SINCE LAST STATEMENT 1.116 •TNt ;alai, Herod*. cno of eon tralecO meats Ins so ns Maui n t.o Tao Yabo of Soo..alos eta Mo Na Eva Ms Porta There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roza roost oaf clIforonoo a eastward of dud's or Mocks. calcolod as &Woad to p5u. 10 OHM Senior; at 800614.1428: a yet to nom Smokes a Bow. Steam Socumos Ca,. One 1.10°W+ Coolly Honk BrooNyn. NY. 11201 9858 Current market value NN Last statements market value $829.424 $828.308 Beer. Szetrns Seca•akl Conk Ore Metrolech Cantor north aro:kW% Hew Yak 11201.3559 EPSTEIN INTERESTS STATEMENT PERM December 1.2004 THROUGH December 31.2004 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT Noventer 30.2004 flat BMW), a fa mTOTITMbaml papaws any II SN% fended natal damTWO THS RatanOrS ShOad beManed for your records Soo mom fa fa monad ntainatim 02? 01,01005:09:18 001 Important Message II any information regarding 2004interesl. dividends. miscellaneous income, gross proceeds or original issue discount is required to be reported to the IRS for this account, a Consolidated Form 1099 will be mailed to you by January 31.2005or a 1042Sby March 15.2005. Yes? EFTA00195172 CLEARED 1NROUON ITS vrisekLY O"EO S0BSIDIARY 808r. Saee•ns S0N, 14,1 COO. Ceol.levolech Cantot North Broeklln• New Ye* 11201.3859 EPSTEIN INTERESTS 2 of s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 01,01,05:09:18 001 11867 EFTA00195173 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 3 al L Cash Flow Analysis Income Summary THIS PERICO MS DEMO YEAR TO DATE Opening Balance $0.00 Dividends 1.115.84 8.614.72 Money Fund 1.115.84 Total $1,115.84 $8,614.72 Amount Credited $1.115.84 Money Fund -1.115.84 Portfolio Composition Amount Debited S.1,115.84 CashCash Equivalent 829.424 ClosingBalance $0.00 Total $829.424 Your Portfolio Holdings CASH & CASH EQUIVALENTS SUMMON SYMBOLUSIP DREYFUS CASH MANAGEMENT-CL A DICXX INSTITUTIONAL SHARES EST, 30 DAY AVG YrELD 2.0100;, TOTAL CASH & CASH EQUIVALENTS QUANTITY 829,424.02 MARKET ESTIMATED CURRENT PRICE VALUE Awktwk MOUE YEW Ic=1 1.0000 829,424 14.100 1.7000 $829.424 $14,100 8038T.Steinn SOC,r44,1 Cop. Ore Momloch CarrIN North Beccioon. New Toot 11201.3859 EPSTEIN INTERESTS STATEMENT PERK* December 1,2004 THROUGH December 31.2004 ACCOUNT NUMBER TAXPAYER WESER On File LAST STATEMENT NOYETMITef 30.2004 Your Portfolio Allocation Cash & EquivaleM- I OD% UmPooed rotor's aenoTe oat lxio, ce *NW !el male vela, The element. ;event'', 6, oa•eea Iron Ve obsolAs market rat), 01 )vv palloo 027 01.01,05,09:18 001 2867 EFTA00195174 CLEARED THROUGH ITS ?mem.? OMT,E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New York, Nen York 10179 4 vi Your Portfolio Holdings (continued) EQUITIES Equities & Options 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 www,bearstearns,com or can call (800) 517-2327 to request that a copy of this research be sent to them. ACCT WAKE! ESTIMATED CURRENT DESORPTION VAIBOLTUSIP PRE OLIANITTY PRCE VALLE ANNUAL INCOME YEW I%) BANPAIS SA-SPONSOREDADR BPIBY CASH 20,000 Unpriced REPSTG 6 SER L SHS Total Equities& Options $0 $0 TOTAL EQUITIES $0 $0 YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME $14,100 YOUR PRICEDPORTFOLIOHOLDINGS $829,424 Transaction Detail MONEY FUND ACTIVITY DATE AKMAY TRANSACTION DESCRIPTI3N 12/01/04 OPENINGBALANCE SYMEIX/CDSIP BOP. Saea•ns SON,htl COO. Ore Momloch Cerra North Beccidon. New Year 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD December 1,2004 THROUGH December 31.2004 ACCCUNT NUMBER TAXPAYER WESER Ofl File LAST STATEMENT November 30.2004 awry PPZE can AMOUNT CREDIT AMOUNT 828.308.18 12/01/04 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DIOC( 1,115.84 INSTITUTIONAL SHARES MONTHLY DIVIDEND 027 DIVIDS:09:18 001 "867 EFTA00195175 CLEARED THROUGH ITS 98935C, OnnE0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. New York 10179 5 vi Transaction Detail (continued) MONEY FUND ACTIVITY (continued) Beet. Neon Seonmi COO. CcoMetsciech Cann North aro:kW% New Ye* 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD December 1,2004 THROUGH December 31.2004 ACCOUNT NUMBER TAXPAYER MAKER On File LAST STATEMENT NOYE9111831 30. 2004 DATE MGVAY TRANSACTO8 DESCRIPTCN SYMEWCICIP OUN.IMY PRCE DEBIT Amen CREDIT AMOUNT 12/01/04 REINVEST DREYFUS CASH MANAGEMENT-Cl. A DCCC 1,115.84 1,115.84 INSTITUTIONAL SHARES DIVIDEND REINVEST 12/31/04 CLOSINGBALANCE 829,424.02 TOTAL $.1.115.84 51.115.84 Your messages 125' As part of the National Association of Securities Dealer's (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 vnvw.nasdr.com, In addition, a brochure explaining the Public Disclosure Program is available from the NASD upon request, End of Statement 027 01101,05:09:18 001 Y867 EFTA00195176 CLEARED THROUGH ITS witekLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New York Nen York 10179 ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE LICHERMAN.IRA 09A11. uearstearns .com What's In This Statement Financial Summary 3 Your Portfolio Holdings 3 Transaction Detail 4 Fund Activity 4 Your Portfolio at a Glance MONEY MARKET FUND BALANCE 1111111111 111111111111111111111111111111111111111111111111.1 EPSTEIN INTERESTS DTD 12/26/91 JEFFERY E EPSTEIN & MARK L ' EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022.6843 Market Value of Your Portfolio 828,308 Cash & Equrnalent - L.. NET EQUITY THIS PERIOD $828,308 NET EQUITY LAST STATEMENT 827,146 CHANGE SINCE LAST STATEMENT 1,162 'This weal* odudin we or more crowd seounlos thar ro not Mame in re Taal Yabo el SOOJMOS Ord mo N1. Equcy This Pored There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. F1050 report any Mama a reeroctist of Cods or MOCKS. nelicolod as clatrogoa to pau. lo Gent Somme at 800611.1128: a wax to Clam SONICOS a Bow. Steam &cum*. Ca,. One Lleholoch Coolly Honk Brooer., NY 112014059. MI Current market value DA Last statements market value 5828.308 $827,146 Beer. Sten. Seopiter Core Coe 0.1ctsoloch Gorda North Beak/on. New VC* 11201.3859 EPSTEIN INTERESTS STATEMENT PERIDO October 30.2004 THROUGH November 30.2004 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT October 29.2004 Sit This TLYNT9N11 Va nfOrnletenel paTcsis only els rce "leaded as a lam (roa rs me Tin statoonere should be manta for your records So roma ode for naive rirmnaton 027 12.01.04:14:42 001 7865A EFTA00195177 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SBN•Ilkl COO. Ceol.letioloch Cantot North Broeklln• New Ye* 11201.3859 EPSTEIN INTERESTS 2 of s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 120MM:14:42 001 Y865A EFTA00195178 CLEARED THRWGH ITS 1tuE0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Nee York 10179 3 al L Cash Flow Analysis Income Summary THIS PERO° MS PERICO YEAR TO DATE OpeningBalance $0.00 Dividends 1.161.83 7,498.88 Money Fund 829.398.07 Total $1,161.83 $7.498.88 Amount Credited $829.398.07 Money Fund -829.398.07 Portfolio Composition Amount Debited $-829.398.07 CashCash Equivalent 828308 Closing Balance $0.00 Total $828.308 Your Portfolio Holdings CASH & CASH EQUIVALENTS MORMON SYMBOL/WSW DREYFUS CASH MANAGEMENT CL A DICXX INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 1.8400% TOTAL CASH & CASH EQUIVALENTS OurNITT; 828308.18 MARKET ESTIMATED CURRENT NICE VALUE NNW/ INCOME VEtO II, 1.0000 828,308 13.253 1.6000 $828.308 $13,253 027 1201434:14:C 001 Beer.SZeirns S0N, Utl Cap. Ore Momloch Contof North Brock//n. New Tuft t201.3SS9 EPSTEIN INTERESTS STATEMENT PERK* October 30.2004 THROUGH November 30.2004 ACCOUNT NUMBER TAXPAYER MAISER OR PIM LAST STATEMENT October 29.2004 Your Portfolio Allocation Cash & Equivalent- 100% UmPocied rotor's cienow oat alone, *NW Or, male vela, The eloml✓r ;event'', ty dewed from to 00101.te market rat), al >vv palkno 18654 EFTA00195179 CLEARED THROUGH ITS wilekLY 0\MnEO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 4 cis Your Portfolio Holdings (continued) EQUITIES Equities & Options 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 www,bearstearns,com or can call (800) 517-2327 to request that a copy of this research be sent to them. DESORPTION BANPAIS SA-SPONSOREDADR REPSTG 6 SER L SHS Total Equities& Options sYmeaforsip BPIBY ACCT TY£ CASH OUATERTY 20,000 PRCE Unpriced MARKET ESTRUM) CURFEW VALLE ANMJAL INCOME YEW lYti SO SO TOTAL EQUITIES SO SO YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $13.253 YOUR PRICEDPORTFOLIOHOLDINGS $828.308 Transaction Detail MONEY FUND ACTIVITY DATE MCVDAT TRANSACTION DESCRIPTION 10/30/04 OPENINGBALANCE SYMECIAWIP ouivinn, PRICE 827.146.35 Beer. SZetrns SON, 14,1 Cory. Cc* Meesetech Center North Beccidon. New Ye* 11201 3959 EPSTEIN INTERESTS STATEMENT PER100 October 30.2004 THROUGH November 90.2004 ACCCUNT NUMBER TAXPAYER MAURER OR PIM LAST STATEMENT October 29.2004 CENT AMOUNT CREDIT AMOUNT 11/01/04 DIVIDEND BEAR STEARNS PRIME MONEY FUND MONTHLY DIVIDEND SSW% 1.089.89 11/01/04 REINVEST BEAR STEARNS PRIME MONEY FUND DIVIDEND REINVEST BMOC 1.089.89 1,089.89 027 1201D4:14:42 001 ?BOA EFTA00195180 CLEARED THRWGH ITS witekLY (A1h.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. New York 10179 5 v, Transaction Detail (continued) MONEY FUND ACTIVITY (continued) DATE MGVAY 11/03/04 11/03/04 11/03/04 11/04/04 11/30/04 TOTAL Beer. Saea•ns SOC.,44.1 GOO. Cc* Mevolech Cantec North BredCon. Nev. VC* I I2DI.38S9 EPSTEIN INTERESTS STATEMENT PER100 OCTOOSI 30.2004 THROUGH November 30.2004 ACCCUNT NUMBER TAXPAYER MAWR On PIM LAST STATEMENT October 29.2004 TRANSACTION DESCRIPTON SYMEWCWIP WANTRY PRICE DONT AMOUNT CREDIT AMOUNT BOUGHT DREYFUS CASH MANAGEMENT-CL A DICXX 828,236.24 1.0000 828,236.24 SOLD INSTITUTIONAL SHARES BEAR STEARNS PRIME MONEY FUND BSMXX -828.236.24 1.0000 828,236.24 DIVIDEND BOUGHT BEAR STEARNS PRIME MONEY FUND RESIDUAL DNIOEND DREYFUS CASH MANAGEMENT-Cl. A BSMXX DICK% 71.94 1.0000 71.94 71.94 INSTITUTIONAL SHARES CLOSINGBALANCE 828,308.18 $-829.398.07 $829.398.07 End of Statement 027 12/01/04;14:42 001 VONA EFTA00195181 CLEARED THROUGH ITS YiliCtLY OMNE0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 ACCOUNT EXECUTIVE TELEPHONE VISIT OUR VIESSITE ZICHERMAKIRA on.uearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 5 Fund Activity 5 Your Portfolio at a Glance MONEY MARKET FUND BALANCE lllll 111111111111111111.11.1.1111111111111111111 EPSTEIN INTERESTS DTD 12/26/91 JEFFERY E EPSTEIN & MARK L ' EPSTEIN & WILLIAM ELKUS TREES 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022-6843 827,146 Cash & Equivalent NET EQUITY THIS PERIOD $827,146 NET EQUITY LAST STATEMENT 826,201 CHANGE SINCE LAST STATEMENT 945 'TNt maw* mdudas aV at more canoed seounlas That wo in rotator] Mt* Taal Mao of SacraMs ird me Na Ectuty This Panel There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. F1050 copal ant Mama a rontactiot el chocks or stocks. calcalal as daltrotal to pou. lo Gent &onion al 800614.1428: a yet to Cleat SONIC.. a Bow. Steam &conies Cap.. One IA/Poles+ Cooler North. 8rootlyy NY 112014859 Market Value of Your Portfolio 1111 Current market value §gill Last statements market value 5827.146 $826,201 Beer. &roans SOOritier Cc* Metrolech Comet North &Worn. New roes 11201.3859 EPSTEIN INTERESTS STATEMENT PERK* °Veber 1.2004 THROUGH October 29.2004 ACCOUNT NUMBER TAXPAYER N111301 Cn File LAST STATEMENT September 30.2004 Sit TS6 anT,HY for demob:nal prawns Orey It IS reffended as doomed The statonn should be retailed for your records See wend a for voodoos nfoinatite 027 10,30,00:11:50 001 Y864 EFTA00195182 CLEARED 1NROUON NS vriseklY O"EO S0BSIDIARY 808r. Saee•ns S0N, t4,1 COO. Ore lActsolech Cantot North Brocklln• New VC* 11201.3859 EPSTEIN INTERESTS 2 of s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 10,3004:11:50 001 V8E4 EFTA00195183 CLEARED THROUGH ITS ?RIMY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 3 cis Cash Flow Analysis THIS PERICO Income Summary DC PERIM YEAR TO DATE CpeningBalance $3.458.06 Dividends 945.71 6,337.05 Money Fund 945.71 Total $945.71 $6.337.05 Amount Credited $945.71 Money Fund -4.403.77 Portfolio Composition Amount Debited $.4.403.77 CashlCash Equivalent 827.146 Net Cash Activity -3.458.06 Total $827,146 Closing Balance $0.00 Cash Balance Summary OPEN rid CLOSING Cash 3.458.06 0.00 Net Cash Balance $3,458.06 $0.00 027 10,3004:11:50 001 Bet. Stern' S0CoMMI Cord Oct Mem:tech Cerra North Brockton. New Vote 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD Octoter 1.2004 THROUGH Dater 29.2004 ACCOUNT NUMBER TAXPAYER AVUMER OR PIM LAST STATEMENT Seplefiltet 30.2004 Your Portfolio Allocation Cash & Equivalenl- 100% theme." 'room ciente Celt Dion", tole toe me•le valve Tho eloml✓r ;event'', 6, 4e•ue4 Iron to 'butte motet rat), or toy palleM Y864 EFTA00195184 CLEARED THROUGH ITS OMT‘.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Non York 10179 4 vi Your Portfolio Holdings CASH & CASH EQUIVALENTS DESORPTION SYMOCIJOJSIP BEAR STEARNS PRIME MONEY FUND BSMXX DIVIDEND REINVESTED EST, 30 DAY AVG YIELD % TOTAL CASH & CASH EQUIVALENTS QUANTITY 827,146.35 MARKET ESTIMATED CURRENT PRICE VALUE *NUN. NOM YIELD MI 1.0000 827.146 12,986 1.5700 $827,146 $12,986 EQUITIES Equities & Options Independent. third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost, Customers can access this research at www,bearstearns,com or can call (800) 517-2327 to request that a copy of this research be sent to theme ACC! MARKET ESTIMATED CURRENT DESORPTION SYMBOLEUSIP TYPE wanly PRIME VALUE MURAL NCOIAE YEW I%) BANPAIS SA-SPONSOREDADR BPIBY CASH 20,000 Unwired REPSTG 6 SER L SHS Total Equities& Options SO $0 TOTAL EQUITIES So $o YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME $12.986 YOUR PRICED PORTFOLIOHOLDINGS $827.146 Beer. Saea•ns SON, 14,1 COO. Ore Mem:leen Centec North Beoclo1n. New Year 11201 3959 EPSTEIN INTERESTS STATEMENT PERIOD Octoter 1.2004 THROUGH Octoter 29.2004 ACCOUNT NUMBER TAXPAYER AMBER OR FOE LAST STATEMENT SECteRION 30.2004 027 10,3004:1 I:SO 001 V864 EFTA00195185 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 Beer. SZeirns SOC.,444 Corp. O-4 Mem:tech Cantm North Beccidon. Nev. Ye* 11201.3869 EPSTEIN INTERESTS 5 Transaction Detail MONEY FUND ACTIVITY DATE wpm M4,1;141O1 DESCRIPTION SYMEWCUSIP DUMMY PRICE STATEMENT PERIOD October 1.2004 THROUGH Octoter 29.2004 ACCOUNT NUMBER TAXPAYER AMBER On Fite LAST STATEMENT September 3O.2OO4 DEBIT AMOUNT CREDIT AMOUNT 10/01/04 OPENINGBALANCE 822,742.58 10/01/04 DIVIDEND 10/01/04 REINVEST BEAR STEARNS PRIME MONEY FUND MONTHLY DIVIDEND BEAR STEARNS PRIME MONEY FUND BSMXX BSMXX 945.71 945.71 945.71 DIVIDEND REINVEST 10/21/04 BOUGHT BEAR STEARNS PRIME MONEY FUND f3SMXII 3.458.06 1.0000 3.458.06 10/29/04 CLOSINGBALANCE 827,146.35 TOTAL $4.403.77 $945.71 End of Statement 027 10/30(04;11:60 001 Y664 EFTA00195186 CLEARED THROUGH ITS WHOLLY 01VNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York Nee York 10179 ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE ZICHERMAN.IRA 61AV uearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 5 Fund Activity 5 Your Messages 6 Your Portfolio at a Glance NET CREDIT BALANCE 3.458 MONEY MARKET FUND BALANCE 822.743 lllll IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII111111111 EPSTEIN INTERESTS DTD 12/26/91 JEFFERY E EPSTEIN & MARK L EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022-6843 Market Value of Your Portfolio Cash & EqSvalent — NET EQUITY THIS PERIOD $826,201 NET EQUITY LAST STATEMENT 825.326 CHANGE SINCE LAST STATEMENT 875 •TMs portfolio ncludits ono of man unwed secure/is rat No at related nee Total Woe of SeRabos and the Hat Ewe/ nn Percct There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Plo.mct noon oaf cliToronoo a corwocoiN of torn or stocks. aoudad as derrogoa to p5u. to Clem &onion of 800611-1128: a yet to Clem Somon a Boot. Room &comes Dap.. Caw lAteotoch Coolly North. BrooIlri, NY 112014859 Current market vabe Ed Last statement's market value 5826.201 $825.326 Bear. SOMAS SOMAISCH CND. Ono Mottotech Conte North Brocktin. New Year 1120/3859 EPSTEIN INTERESTS STATEMENT PERK* Septeater 1.2004 THROUGH Septeacer 30.2004 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT August 31.2004 gir The uneven/ a la nrsonsbenst passes caly. a Is net Wended as a tat doaanort Tms Statemere ahead be Maned la' yew records Set reverse sofa for receive itzlenwelln 027 1001.04:07:49 001 WIE3 EFTA00195187 CLEARED 'THROUGH ns OW ,;(0 SUBSIOIARY 808r. Saee•ns Secoalkl COO. Otto lActsolech Cantot North Broeklln• New Tuft 11201.3859 EPSTEIN INTERESTS 2 or 7 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 10,01GO:07:49 001 V863 EFTA00195188 CLEARED THRWGH ITS ?RIMY 0"E0 SUBSIDIARY BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 3 Beer. Screams Secipititi Cap. 0 -4 Mon:tech Contm North Becci0p. New To* 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD September 1,2004 THROUGH September 30.2004 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER AILMA3ER Co File THIS PERICO TASPERICO YEAR TO DATE LAST STATEMENT August 31.2004 OpeningBalance $3.458.06 Dividends 874.51 5,391.34 Money Fund 874.51 Total $874.51 $5.391.34 Amount Credited $874.51 Money Fund -874.51 Portfolio Composition Amount Debited $-874.51 CaslvCash Equivalent 826,201 ClosingBalance $3,458.06 Total $826,201 Cash Balance Summary OPENING cuaswo Your Portfolio Cash 3,458.06 3,458.06 Allocation Net Cash Balance $3,458.06 $3,458.06 Cash A. Equivaier4- 100% ItMtvitt0 'room ciente oar "nonce *nee toe male vela, nto eloveran ;event'', tepee." Iron Vo eblet.te motel rat), al pane", 027 100104:07:49 001 Y863 EFTA00195189 CLEARED THROUGH ITS 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YOrk Non York 10179 4 vi Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRPSON CASH BALANCE SIMBOLCUSIP IMPIXE1 ESTIMATED CURRIM OUM471TT PRICE vkUE ?MUM. WOW YELO r4 3,458 Beer. Saea•ns SON, 14,1 Cap. Cc* Mem:tech CarrIN North BecciOon. New Year I1201.38S9 EPSTEIN INTERESTS STATEMENT PEco00 September 1.2004 THROUGH September 30.2004 =coin NUMBER TAXPAYER AILIMER Co File LAST STATEMENT AuguS1 31.2004 BEAR STEARNS PRIME MONEY FUND BSPATC( DIVIDEND REINVESTED EST, 30 DAY AVG VELD % TOTAL CASH & CASH EQUIVALENTS 822,742.58 1.0000 822.743 12,094 1.4700 $826.201 $12.094 EQUITIES Equities & Options Independent, third•party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost. Customers can access this research at vAvvr.bearstearns.com or can call (800) 517-2327 to request that a copy of this research be sent to them. ACC! MARKET ESTS141E0 CURFENT DESCRPSON SAISCPWSIP PPE imam PRCE VALIR ANNAN. INCOIAE YEW I BANPAIS SA-SPONSOREDADR BPIBY CASH 20,000 Unwired REPSTG 6 SER L SHS Total Equities& Options $0 $0 TOTAL EQUITIES $0 $0 YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME $12.094 YOUR PRICED PORTFOLIOHOLDINGS $826.201 027 100104:07:49 001 V863 EFTA00195190 CLEARED THRWGH ITS niCkLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. New York 10179 5 vi Transaction Detail MONEY FUND ACTIVITY DATE MODAT TRANSACTCN CESOIIPMN S)MBCLCUSiP OVANTITY PIKE 09/01/04 OPENINGBALANCE 821.868.07 Beet Steirns SON,I*1 COO. OtoMetselech Cella North Beccidon. New Ye* 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD September 1,2004 THROUGH September 30.2004 ACCOUNT NUMBER TAXPAYER AMBER On file LAST STATEMENT August 31.2004 DEBIT AMOUNT CREDIT MADUNT 09/01/04 DIVIDEND BEAR STEARNS PRIME MONEY FUND BSMXX 874.51 MONTHLY DIVIDEND 09/01/04 REINVEST BEAR STEARNS PRIME MONEY FUND BSMXX 874.51 874.51 DIVIDEND REINVEST 09/30/04 CLOSINGBALANCE 822.742.58 TOTAL $.874.51 $874.51 027 100104:07:49 001 V863 EFTA00195191 CLEARED THROUGH ITS WHOLLY 01W ED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York, Nee York 10179 6 ci Your messages Bear. Stearns Securities Corp, Net Capital and Net Capital Requirements: At May 31, 2004 and July 31. 2004. the Company's net capital of approximately $3,6 billion and $3,6 billion was approximately 6,8% and 6,5% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $1.1 billion and $1,1 billion by approximately $2,5 billion and $2,5 billion, all respectively, A complete copy of the Bear. Stearns Securities Corp, Statement of Financial Condition is available on the web site mvw,bearstearns,com, Alternatively, to request a free printed copy please call - toll free 1-866.299-9331, Bar Bear. SIWAS SOCuitit. Ger9. Om Llettotech Corder HORN Eleccit/on, Nee; Tett 1120/3859 EPSTEIN INTERESTS STATEMENT PERK* Septeacer 1.2004 THROUGH Septerrter 30.2004 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT August 31.2004 Securities and other assets in your account are the firm's collateral for any margin loan made to you. If the securities 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 sell securities or other assets in any of your accounts held with the member, in order to maintain the required equity in the account. it is important that you fully understand the risks involved 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 your account(s), ' The firm can sell your securities or other assets without contacting you. ' You are not entitled to choose which securities or other assets in your account(s) are liquidated or sold to meet a margin call. ' 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, 027 1001.04:07:49 001 V863 EFTA00195192 CLEARED THROUGH ITS ViHeil? 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 7 Bar This statement is provided to explain Bear, Stearns & Co. Inc.'s ("BSC) payment for order flow 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 (NBB0), 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. End of Statement Ear Beer. SZeirns SON, t4,1 Sap. Ore Mon:tech Cantm North Beccidon. New Tuft 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD September 1,2004 THROUGH September 30.2004 ACCCUNT NUMBER TAXPAYER WESER On Flk LAST STATEMENT August 31.2004 Pursuant to SEC Rule 11Ac1.6, please note the following: Bear, Steams & Co. Inc. will post its quarterly routing statistics at the following web link: http://www.bearsteams.com. Click on Individual Investor, 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 order was directed by you to that venue, and the time of the executions, if any, that resulted from such orders. 027 10101/04:07:49 001 14103 EFTA00195193 CLEARED THROUGH ITS WHOU.Y 01W.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York. Nell York 10179 ACCOUNT EXECUTIVE TELEPECCE VISIT OUR WEBSITE ZI3HEHMAN.IRA 61AV uea'stearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 5 Fund Activity 5 Your Portfolio at a Glance NET CREDIT BALANCE 3.458 MONEY MARKET FUND BALANCE 821.868 Illlllllllllllllllllllllllllllllllllllllllllllllllllllllllll EPSTEIN INTERESTS DTD 12/26/91 JEFFERY E EPSTEIN & MARK L EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022-6843 Cash & Equvalent — NET EQUITY THIS PERIOD $825.326 NET EQUITY LAST STATEMENT 824.564 CHANGE SINCE LAST STATEMENT 762 'MS peaft110 fieludeS ao or mote uroescod maims rat ate na relected rte TMal Yea of Smaller. and the Nee EgoCy n.n.Pcmxt There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. FIOMO tegiil any diforocoo a ronroceig of dads or stocks. melicotod as doltromamp:o. to Clem Sworn of 800134-1128: or ymto to Clam SONIC.* al Boos. Steam &comes Cap.. Co. lActokKli Coolly North. BrooNri, NY It2osest. Market Value of Your Portfolio Current market vane mg Last statement's market value 4825.326 $824.964 Bar. Steams SOCuitit. Cap. core tlevotech Cooler North Becck/on, He* Yak 11201.3859 EPSTEIN INTERESTS STATEHENT PERIOD July 31.2004 THROUGH August 31.2004 ACCOUNT NUMBER TAXPAYER kvlieER On File LAST STATEMENT Jul, 3o.2004 Ab• tin wrmaq a for egsambensl nooses ally It Is not fl ooded as a tat donned 11n cutworm Oen be Maned for your records Soo worse son Sr modem rdormann 027 M01,0448:31 001 Y862 EFTA00195194 CLEARED IHROUGH ITS vriseklY 0"E0 S0BSIDIARY 808r. Saee•ns SON, t4,1 COO. Ore lActsolech Cantot North Broeklln• New Ye* 11201.0859 EPSTEIN INTERESTS 2 of s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0901,0405:31 001 •7862 EFTA00195195 CLEARED THRWGH ITS 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 1O179 3 Beer. Screams Secipititi Cap. OtoMetsetech Centm North Beccidon. New Ye* 11201.3859 EPSTEIN INTERESTS Cash Flow Analysis Income Summary STATEMENT PERK* THROUGH ACCOUNT NUMBER TAXPAYER WESER JO/ 31. 2004 August 31.2004 On File THIS PERICO DAS PERIOD YEAR TO DATE LAST STATEMENT Jul/ 30. 2004 OpeningBalance $3,458.06 Dividends 762.37 4.516.83 Money Fund 762.37 Total $762.37 $4,516.83 Amount Credited $762.37 Money Fund -762.37 Portfolio Composition Amount Debited $-762.37 CaslvCash Equivalent 825,326 aosing8alance $3,458.06 Total $825,326 Cash Balance Summary OPENING cumwo Your Portfolio Cash 3,458.06 3,458.06 Allocation Net Cash Balance $3,458.O6 $3,458.06 Cash & Equivaient- 10O% Untletled prove ciente. oar "nonce onto "el mete vela, he element. ;event'', tepee." Item Vo etnol.te market rat), pi Kv Mlboo 027 09,01,04:08:31 001 V862 EFTA00195196 CLEARED THROUGH ITS niCkLY OtM•E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Non York 10179 4 vi Your Portfolio Holdings CASH & CASH EQUIVALENTS DESORPTION CASH BALANCE SIMBOLCUSIP MARKET ESTIMATED CURRIM OUM471TT PRICE VALUE MNUIL INCOME YELO r4 3.458 Beer. Saee•ns SON, 14,1 GDP Ore Mevolech Cerra North BecciOon. New VC* 112013959 EPSTEIN INTERESTS STATEMENT PERK* Jule 31. 2004 THROUGH Rogue* 31.2004 ACCCUNT NUMBER TAXPAYER WIPER On Rile LAST STATEMENT Jule 30. 2004 BEAR STEARNS PRIME MONEY FUND BSIt0C( DIVIDEND REINVESTED EST, 30 DAY AVG YIELD 1.3400%• TOTAL CASH & CASH EQUIVALENTS 821,868.07 1.0000 821.868 10,684 1.3000 $825.326 $10,684 EQUITIES Equities & Options Independent, third•party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost. Customers can access this research at vnww•bearstearns.com or can call (800) 517-2327 to request that a copy of this research be sent to them. ACC! MARKET ESTRUM CURFENr MORMON SYMECIAVSIP PPE wanly PRCE VALUE ANNAN. INCOME YEW R BANPAIS SA-SPONSOREDADR BPIBY CASH 20,000 Unwired REPSTG 6 SER L SHS Total Equities& Options $0 $0 TOTAL EQUITIES $0 $0 YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME $10.684 YOUR PRICED PORTFOLIOHOLDINGS $825.326 027 09,01,04:06:21 001 •7862 EFTA00195197 CLEARED TNR0OOH ITS ?RICO.? 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York• New York 10179 5 vi Transaction Detail MONEY FUND ACTIVITY Beet Saea•ns S0N, t4,1 Cap. Ore Mevolech Cella North Beccidon. New Tuk 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD Jug 31.2004 THROUGH August 31.2004 ACCOUNT NUMBER TAXPAYER MAWR On File LAST STATEMENT Jul/ 30.2004 DATE MODAT TRA,JEACTON DESOTIPTCN SYMBOUCVSIP ovAmire PATE DEBIT AMOUNT CREDIT MADUNT 07/31/04 08/02/04 08/02/04 06/31/04 DIVIDEND REINVEST OPENINGBALANCE BEAR STEARNS PRIME MONEY FUND MONTHLY DIVIDEND BEAR STEARNS PRIME MONEY FUND DIVIDEND REINVEST CLOSING BALANCE BSMXX BSMXX 821.105.70 762.37 821,868.07 762.37 762.37 TOTAL $762.37 $762.37 End of Statement 027 0901iO4:0831 001 W162 EFTA00195198 CLEARED THROUGH ns WHOLLY 01MMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE ZI3HEHMAN.IRA 67 AV u e e a r rs co ni What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 5 Fund Activity 5 Your Portfolio at a Glance NET CREDIT BALANCE 3.458 MONEY MARKET FUND BALANCE 821.106 elllull.11Illlllllllllllllllllllllllllllllllllllllllllllllll EPSTEIN INTERESTS DTD 12/26/91 JEFFERY E EPSTEIN & MARK L ' EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022-6843 Market Value of Your Portfolio Cash & Equvalent NET EQUITY THIS PERIOD $824,564 NET EQUITY LAST STATEMENT 823.942 CHANGE SINCE LAST STATEMENT 622 •TNs portfolio melodies ao of moo uraileod mortars not No not relented mix TON Woe of Semobes and Om Not Ewe/ TMs Pim' There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roza coon oror ditoronoo a rooroctire of Necks or stocks. milleolod as doltrogoti to you. to Mal Sonion of 800614-1128: a veto to ChM Santos ar Boot Steam Secuttles Corp.. One lAeOmMel, Cooler North. BrooNyn. NY. II20, 4050 ME Current market vabe Ed Last statement's market value 4824.584 $823.942 BON. ROOMS SOOwillt1 CND Coo lieVotech Conte Noah Brock/in. New Yea 1120/3859 EPSTEIN INTERESTS STATEHENT PERIOD Jut/ 1.2004 THROUGH Jut/ 30.2004 ACCOLM NUMBER TAXPAYER NUMBER On Fee LAST STATEMENT June 30.2004 TNNBL*YRWYNloi nereannsl peposn only els not Idanded BOSCH doctwert Tun stromori NNW IN Waned for your row&o. $ot morn So for repplart rdormarpo 027 C07,31.00:08:01 001 vase EFTA00195199 CLEARED 1NROUON RS vrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.letsolech Cantot North Brocklln• New VC* 11201.3859 EPSTEIN INTERESTS 2 of s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 07310JO8:01 001 V858 EFTA00195200 CLEARED THRWGH ITS niCkLY CAM‘.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 3 Cash Flow Analysis Income Summary THIS PERIOD 114S PERIOD YEAR TO DATE OpeningBalance $3,458.06 Dividends 621.75 3,754.46 Money Fund 621.75 Total $621.75 $3.754.46 Amount Credited $621.75 Money Fund -621.75 Portfolio Composition Amount Debited S-621.75 Cashltash Equivalent 824,564 OlosingBalance $3,458.06 Total $824,564 Cash Balance Summary OPENING cumwo Your Portfolio Cash 3,458.06 3,458.06 Allocation Net Cash Balance $3,458.06 $3,458.06 Beer. Screams Secipititi Cap. 0-4 Mem:leen Conte NOM eettidon. New Year 11201.3859 EPSTEIN INTERESTS STATEMENT PERK* Jul/ 1.2004 THROUGH At/ 3D. 2004 ACCOUNT NUMBER TAXPAYER WESER OR File LAST STATEMENT June 30.2004 Cash J. Equivaient- 100% 11, 04000 romans eon,,, oar Diono, onto Or, male wive, To olooar ;event'', ty awed from to Mal.te market rat), pi )VV POrtkal. 027 07.31.04:06:41 001 Y858 EFTA00195201 CLEARED THROUGH ITS 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 4 vi Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRP1100 CASH BALANCE SIMBOLEUSIP MARKET ESTIMATED DURRIM OUM471TT PRICE VALUE MNUIL INCOME TELE/ r4 3.458 Beer. Saea•ns S0N, 14,1 Cap. Cc* Mevolech CarrIN North Becci0on. New VC* I1201.3859 EPSTEIN INTERESTS STATEmENT PERK* July 1.2004 THROUGH July 30.2004 ACCCUNT NUMBER TAXPAYER WESER On File LAST STATEMENT June 30.2004 BEAR STEARNS PRIME MONEY FUND BSIAU DIVIDEND REINVESTED EST. 30 DAY AVG YEW 1.1300‘,, TOTAL CASH & CASH EQUIVALENTS 821,105.70 1.0000 821,106 9,032 1.1000 $824.564 $9,032 EQUITIES Equities & Options Independent, third•party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost. Customers can access this research at vnvw.bearstearns.com or can call (800) 517-2327 to request that a copy of this research be sent to them. ACC! WRNS ESTSWIE0 CURFENT DESCRPTON SYM6C4AUSIP Mt imam PRCE VALIR ARKIN. INCOME YEW 1 BANPAIS SA-SPONSOREDADR BPIBY CASH 20,000 Unprioed REPSTG 6 SER L SHS Total Equities& Options $0 $0 TOTAL EQUITIES $0 $0 YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME $9.032 YOUR PRICED PORTFOLIOHOLDINGS $824.564 027 07,31D4:08:01 001 V858 EFTA00195202 CLEARED THRWGH ITS niCkLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. New York 10179 5 vi Transaction Detail 808f. Saee•ns SOC,r44,1 COO. 0 -41km:tech Cella North 0eock11n. New VC* I I2DI.3859 EPSTEIN INTERESTS STATEMENT PERK* Jul/ 1.2004 THROUGH Julj 30. 2004 ACCOUNT NUMBER TAXPAYER AMBER On File MONEY FUND ACTIVITY DATE MO DAY TRMJEACTON DESOTIPTC.N SYMBOUCVSIP ovAmire PATE LAST STATEMENT DEBIT AMOUNT June 30.2004 CREDIT AMOUNT 07/01/04 07/01/04 07/01/04 07/30/04 DIVIDEND REINVEST OPENINGBALANCE BEAR STEARNS PRIME MONEY FUND MONTHLY DIVIDEND BEAR STEARNS PRIME MONEY FUND DIVIDEND REINVEST CLOSINGBALANCE BSMXX BSMXX 820,483.95 621.75 821.105.70 621.75 621.75 TOTAL $621.75 $621.75 End of Statement 027 07.31.04:08:4I 00T Y858 EFTA00195203 CLEARED THROUGH ITS WHOU.Y 01WED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York, Nee York 10179 ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE ZICHERMAN.IRA 61A1 bear st earns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 5 Fund Activity 5 Your Messages 6 Your Portfolio at a Glance NET CREDIT BALANCE 3.458 MONEY MARKET HAND BALANCE 820.484 NET EQUITY THIS PERIOD $823,942 NET EQUITY LAST STATEMENT 823.316 CHANGE SINCE LAST STATEMENT 626 •nos IDOCIMIO Mcludies ao or mom uraescoa SOOWbOS NI me me 'elected nix Tclal Woe of Seciabos and the Not (poly mei Portal There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Illlllllllll lllll 11 lllllllllllllllllllllllllllllllllllllllll EPSTEIN INTERESTS DTD 12/26/91 JEFFERY E EPSTEIN & MARK L EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022-6843 Cash & Eq.vaIent H PIC450 tOpZil oaf diforocoo or rontooNat ol NISI or stocks. facolod as doltroroa to you. lo Owl Boman of 800134-1128: or yet to Qom NNICOS al Bow. Steam &comes Cap.. Caw Metok,d, Coolly Hot. BrooNri, NY I i2obsest Market Value of Your Portfolio NI Current market value Egi Last statement's market value 5823.942 $823,316 BM. ROAMS SOOwilitt GOO. Cam Meaotech Cooler Noah 8tCCidel. Hen INN 11201 3859 EPSTEIN INTERESTS STATEMENT PERIOD May 29.2004 THROUGH June 30.2004 ACCOUNT NUMBER TAXPAYER WINER On File UST STATEMENT May 28.2004 1/.. SOT•Tervi for ollcombonol moons caly. It Is not MOM as doused 13 4 Ros scatorsero Maid be Maned for your records Soo worse So for mortars ONWICKG 027 07,0104:13:31 001 Important Message Confirmation: Unless we hear from you to the contrary. it is our understanding that any free credit balances in your account are being maintained to facilitate your intention to invest such amounts through us. Y832 EFTA00195204 CLEARED 1NROUON RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.letsolech Cantot North Beoeklln• New Volt 11201.3859 EPSTEIN INTERESTS 2 or 7 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 OL0Ltl0:13:31 001 Y832 EFTA00195205 CLEARED THRWGH ITS Nutty, ONT4E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 3 Cash Flow Analysis Income Summary THIS PERIOD 114S PERO° YEAR TO DATE Opening Balance $3.458.06 Dividends 625.49 3,132.71 Money Fund 625.49 Total $625.49 $3.132.71 Amount Credited $625.49 Money Fund -625.49 Portfolio Composition Amount Debited $-625.49 Cash/Cash Equivalent 823.942 Closing Balance $3,458.06 Total $823.942 Cash Balance Summary °FENNO CLOWN0 Your Portfolio Cash 3.458.06 3.458.06 Allocation Net Cash Balance $3.458.06 $3.458.06 Beer. Szeavn SOC.ritee Cap. Ore Metsaiech Caritec NOM &woo. New Toot 11201.3559 EPSTEIN INTERESTS STATEMENT PER100 May 29.2004 THROUGH June 30.2004 ACCCUNT NUMBER TAXPAYER MAWR OR File LAST STATEMENT May 28.2004 Cash& Eq—salent — 100% lineable(' GoMons denote Oat Dion°, *nee 00.1 male veLee Tb elocahm ;event'', is clewed low *a ablal.te market rat), al >vv palkno 027 07.0194:13:31 001 V832 EFTA00195206 CLEARED 'THROUGH nS Nighty OHNE° SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Non York 10179 4 vi Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRIPTION CASH BALANCE SIMBOUCuSIP MARKET ESTIMATED CURION4I QUANTITY PRICE VALUE MNUAL WOLK YELD 3.458 BEAR STEARNS PRIME MONEY FUND BS1.02( DIVIDEND REINVESTED EST, 30 DAY AVG YEW 1.1200% TOTAL CASH & CASH EQUIVALENTS 820,483.95 1.0000 820.484 7.631 0.9301 $823.942 $7,631 EQUITIES Equities & Options ACCT MARKET ESTIMATED CURRENT DESCRMOON SYMBOUCUSIP TYPE mum PRICE VALUE ANNA. INCOME YEW II0 BANPAIS SA-SPONSOREDADR BPIBY CASH 20,000 'Merited REPSTG 6 SER L SHS Total Equities& Options $0 $0 TOTAL EQUITIES $0 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $7,631 YOUR PRICED PORTFOLIOHOLDINGS $823,942 Beef. Metres SO4,4*1 Cap. Cc* Meeseiecn Comet North Breadon. New Ye* 112013959 EPSTEIN INTERESTS STATELOENT PER100 May 29.2004 THROUGH June 30.2004 ACCOUNT NUMBER TAXPAYER MAWR en Flle LAST STATEMENT May 28.2004 027 020104:12:31 001 Y832 EFTA00195207 CLEARED THRWGH ITS wHOM.Y 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. New York 10179 5 vi Beet. SZeirns SON, t4,1 Dap. Ore Montech Contec North Beccidon. New Ye* 11201.3859 EPSTEIN INTERESTS STATEMENT PERK* May 29.2004 Transaction Detail MONEY FUND ACTIVITY DATE M3DAY TRANSICTOs: DESOTIPTC.N S)1/ROettnir CAIANTITY PnoE THROUGH June 30.2004 ACCOUNT NUMBER TAXPAYER M.M3ER OR File LAST STATEMENT May 28.2004 DEBIT AMOUNT CREDIT AMOUNT 05/29/04 OPENINGBALANCE 819.858.46 06/01AM DIVIDEND BEAR STEARNS PRIME MONEY FUND BSN1XX 625.49 MONTHLY DIVIDEND 06/01/04 REINVEST BEAR STEARNS PRIME MONEY FUND BSN1XX 625.49 625.49 DIVIDEND REINVEST 06/30/04 CLOSINGBALANCE 820.483.95 TOTAL $625.49 $625.49 027 DL0604:13:31 001 Y832 EFTA00195208 CLEARED THROUGH ITS anIOLLY CMY.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 6 Your messages ir&? Notice Regarding a Change in The Statement of Interest Charges Pursuant to the "Truth-in-Lending" Rule 10 (b)-16 Regarding Short Sales And Marking-To-The-Market Effective no earlier than thirty (30) days from your receipt of this statement, we will compute interest regarding your short sales and marking-to-the market as follows: fi e credit that appears on your statement due to short sales (including short sales against the box) is offset by a debit of like amount because Bear Steams Securities has to borrow the same security in order to deliver it to the buying broker and has to provide its lender additional collateral of up to 105% of the settled short market value of the borrowed securities to secure such loan. This means that the debit balance on which interest is computed will be the difference between (i) up to 105% of the settled short market value of such short sales (across all currencies), which shall be calculated daily, and (ii) the proceeds of such short sales, ra" Beer. Stairas SOC,M*1 Dap. CeoLlevoiech Cantof North Beccioon. New Teta 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD May 29.2004 THROUGH June 30.2004 ACCCUNT NUMBER TAXPAYER WESER OR File LAST STATEMENT May 28.2004 Any short positions in your account will be kept "marked-to-the market', This means that periodically the balance maintained in the short account will be adjusted to equal the market value of the short securities, Securities that are priced below five dollars per share may be valued at five dollars per share for short marking-to-the market purposes. If a security has been sold short (or sold short against the box) and has appreciated in market price over the selling price, interest will be charged on the amount of appreciation; if it depreciates in market price, interest will be correspondingly reduced by the drop in value, The appreciation or depreciation of securities sold short will be determined by Bear Steams Securities based upon daily dosing prices or quotations provided by pricing services, as applicable, or upon such factors as Bear Stearns Securities in its sole judgement deems pertinent, Please note that the other sections of the "Truth-in-Lending" disclosure previously provided to you remain unchanged, 027 07)01,04:13:31 001 Y832 EFTA00195209 CLEARED THROUGH ITS yniCaLY CnME0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 7 Pursuant to the terms of the equity research settlement that was entered into by Bear Stearns and other major investment banks, we will soon make available to our customers, independent third-party research ('Independent Research'), at no cost, on the common stock of certain companies covered by the Firm's Equity Research Department ('Covered Company). Customers will be able to access this research at wwgv,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them. Further, Bear Steams will notify certain of our customers, at the time of each solicited order to buy or sell the common stock of a Covered Company, of the availability of Independent Research, and will provide, on the confirmations and statements that are generated for these customers, the rating(s) on such Covered Company(s) by the Firm's Equity Research Department, as well as the corresponding rating(s) by the applicable Independent Research provider(s), where available. These notice provisions become effective in the near future and, to the extent applicable, will be included in your next monthly statement. Please note, Bear Stearns is not responsible or liable for (i) decisions relating to the procurement of Independent Research, (ii) Independent Research or its content, (iii) customer transactions, to the extent based on Independent Research, or (iv) claims arising from or in connection with access provided by the Firm and/or the inclusion of Independent Research ratings in trade confirmations, periodic account statements or vfimv,bearsteams.com. Bear Stearns is not required to supervise the production of Independent Research and has no responsibility to comment on the content of such Research. End of Statement Beer. Steens anent.* Dap. CycLicennecn Cantec North Bronco. New Tux 112014559 EPSTEIN INTERESTS STATEMENT PERM May 29.2004 THROUGH June 30.2004 ACCCUNT NUMBER TAXPAYER AMMER 1311File LAST STATEMENT May 28.2004 Please be advised of the following changes regarding account service fees: Beginning September 1, 2004, accounts will be subject to a $20.00 processing fee for each outgoing wire transfer and for each check issued by Bear Stearns at the request of a customer. You may wish to speak to your Account Executive to inquire about the availability of check writing privileges for your brokerage account. Beginning January 1, 2005, accounts will be subject to an annual account charge of $75.00 applicable for households that maintain less than $100,000 in net equity in related accounts or that generated less than $500 in brokerage commissions and/or fees paid to Bear Stearns in those accounts in the prior calendar year. 027 07/01104:13:31 001 EFTA00195210 CLEARED THROUGH ITS WHOLLY 01VMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York Nee York 10179 ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE LI3HaRMAN.IRA .vem uearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 5 Fund Activity 5 Your Portfolio at a Glance NET CREDIT BALANCE 3.458 MONEY MARKET FUND BALANCE 819.858 NET EQUITY THIS PERIOD $823,316 NET EQUITY LAST STATEMENT 822.709 CHANGE SINCE LAST STATEMENT 607 •ThIS 1,0010110 Mr:ludas ao or more kerma SOCurOOS rat we Am rated", rerr TMal Yea of Seowbos and the Ike Cooly The Noted There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Illlllllllll lllll lllllllllllllllllllllllllllllllllllllllllll EPSTEIN INTERESTS DTD 12/26/91 JEFFERY E EPSTEIN & MARK L EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022-6843 Market Value of Your Portfolio Cash 8 EqSvalent — ll P10•50 repeal oaf Offeroroo a morome1 of tern or mocks, orecowd as CIOIWOOX1 10 you. 10 0001 SONIC00 01 800404-142e: a ono to Clam Services a Boot Smarm &comas Cat.. Caw LIcOmMcb Coolly Honk Brodir., NY. Iloo1.3859 MI Current market vane Ed Last statement's market value 9823.316 $822.709 seer. Stearns SOMAISCH COO. Ono Movotech Confer Noah Brocklin. New UM 1120/3859 EPSTEIN INTERESTS STATEMENT PER100 May 1.2004 THROUGH May 28.2004 ACCOUNT NUMBER TAXPAYER MAISER ()Ohio LAST STATEMENT April 30.2004 gi r SOT•TWY Ia Infana abanal mesons ally t kea fended as M ta tmed Nee saatemera amid be Maned to, your records See reverse S. fit modest SOCM00:01 027 06,2904:12:32 001 Y831 EFTA00195211 CLEARED 1NROUON NS vriseklY 0"E0 S0BSIDIARY 808r. Saee•ns SON, t4,1 Oa0. Ore lActsolech Cora ot North Brocklln• New VC* 11201.3859 EPSTEIN INTERESTS 2 of s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 052804:12:32 001 •real EFTA00195212 CLEARED THROUGH WHOLLY OWNED SUEISIDMAY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 3 tir • ear. SOMAS SOOtxhin CND. One Matotech Corder Noah &talon. NA* Ye* 1120/3859 EPSTEIN INTERESTS Cash Flow Analysis Income Summary STATEMENT PERK* THROUGH ACCOUNT NUMBER TAXPAYER NUMBER May 1.2004 May 28.2004 On File THIS PERIOD 16 PERIOD YEAR TO DATE LAST STATEMENT April 30.2004 Opening Balance $3,458.06 Dividends 606.99 2,507.22 Money Fund 606.99 Total $606.99 $2,507.22 Amount Credited $606.99 Money Fund -606.99 Portfolio Composition Amount Debited $-606.99 CashCash Equivalent 823.316 ClosingBalance $3.458.06 Total $823.316 Cash Balance Summary °FENNO CLOWN° Your Portfolio Cash 3.458.06 3.458.06 Allocation Net Cash Balance $3.458.06 $3.458.06 Cash S Eq..valent — 100% UntAtuled pomons dente debt Infancy mkt short 111844( yews The elocalicn perconTM9, le deireed Iron, ea atm,* market Vale 01 seta panark. 027 05,2904:12:32 001 111931 EFTA00195213 CLEARED THROUGH ITS ?mem.? 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 4 v/ Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRIPTION CASH BALANCE SIMBOLCUSIP MARKET ESTIMATED CURBS'S' QUANTITY PRICE VALUE MNUIL INCOME YELOD4 3.458 BEAR STEARNS PRIME MONEY FUND BSP.VC( DIVIDEND REINVESTED EST, 30 DAY AVG VELD .9100%• TOTAL CASH & CASH EQUIVALENTS 819,858.46 1.0000 819.858 7,379 0.9000 5823.316 57.379 EQUITIES Equities & Options ACC! MARKET ESTIMATED CURRENT DESCRFRON SYAIBOLUSIP TYPE awn PRCE VALUE ANNAN. INCOIAE YEW IIAI BANPAIS SA-SPONSOREDADR BPIBY CASH 20,000 Worked REPSTG 6 SER L SHS Total Equities& Options 50 50 TOTAL EQUITIES SO so YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME $7,379 YOUR PRICED PORTFOLIOHOLDINGS $823.316 Beef. Saea•ns SOC,r44,1 Cap. 0-41km:tech Contm North BecciOon. New Ye* 112012859 EPSTEIN INTERESTS STATEMENT PERIOD May 1,2004 THROUGH May 28,2004 ACCOUNT NUMBER TAXPAYER MAWR On File LAST STATEMENT *11 30.2004 027 OS29,0402:32 001 Y831 EFTA00195214 CLEARED THROUGH ITS Yosem.Y OW•E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 1O179 5 Transaction Detail MONEY FUND ACTIVITY DATE Mayo TRANSACION DESCRIPTPN 05/01/04 05/03/04 05/03/04 05/03/04 O5/O3/O4 O5/O3/O4 O5.O3/O4 O5/28/O4 DIVIDEND REINVEST FUND EXCHANGE JOURNAL EXCHANGE OPENINGBALANCE BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y RECORD 04/3004 PAY 040004 BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL REINVEST PRICE $ 1.00 BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL CUSIP CHANGE BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL AOOO886 TO A000942 CUSIP CHANGE BEAR STEARNS PRIME MONEY FUND CUSIP CHANGE BEAR STEARNS PRIME MONEY FUND A000942 FROM AOOO886 CUSIP CHANGE CLOSINGBALANCE O73921819 O73921819 O73921819 073921819 BSMXX BSMXX 819,251.47 6O6.99 -6O6.99 -819.251.47 6O6.99 819,251.47 819.858.46 6O6.99 606.99 TOTAL $-606.99 $6O6.99 SYMEWCUSIP Beer. SZeirns SON, t4,1 COO. Ore Mevolech Contm North Beccidon. New Ye* 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD May 1,2004 THROUGH May 28,2004 ACCOUNT mimeo., TAXPAYER MASSER On File LAST STATEMENT April 30.2004 OUANMY PRIDE DEBIT AMOUNT GREW AMOUNT End of Statement 027 OS/20(04;12:32 001 Veal EFTA00195215 CLEARED THRCOGH nS WHOU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York Nee York 10179 ACCOUNT EXECUTIVE TELEPECCE VISIT OUR WEBSITE Z :HEEHAW...IRA eenvuea•stearrs.ccm What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 5 Fund Activity 5 Your Portfolio at a Glance NET CREDIT BALANCE 3.458 MONEY MARKET FUND BALANCE 819.251 NET EQUITY THIS PERIOD $822,709 NET EQUITY LAST STATEMENT 822.068 CHANGE SINCE LAST STATEMENT 641 'Rs p0010110 MOludOS ao of mom uraesced SOCurOOS rat me ea Nita:tea nix Taal Wee of Soma's and the Not Cooly This Portal There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Iiilllll11llllllllllllllllllllllllllllllllllllllllllllllllll EPSTEIN INTERESTS DTD 12/26/91 JEFFERY E EPSTEIN & MARK L EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022-6843 Market Value of Your Portfolio Cash S Equyalent — ll Ple.mo mood oaf Offence* a retwoctiot of nd's or MOCKS. oldladal as delicome io pal. to Cleat Semen of 800134-1428: a yeto to Clem SONICOS a Boos. Steam &comes Cap.. One lArhok•th Coolly North. BrooNyn. NY. II2014059. NE Current market value Ed Last statement's market value $822/09 $822.068 Beef. SIWAS SO•uilit1 COO. Coo Llettotech Center Noah etCCk411. Now Vcek 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD April 1. 2004 THROUGH April 30.2004 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT March 31.2004 St TNEWNTRITYN atottaanal papaws only B is roe fended &sound:one Ties staternero Maid Senna4d for your records See reverse Woke modem rdcemseco 027 090190:13:17 001 V830 EFTA00195216 CLEARED 1HRCO3H ITS WHOLLY 01W.IED SUBSIDIARY 8ftu. SOMAS WARY CO% One Llettotoch Corder North EReck4n. New Vcdc 11201.3859 EPSTEIN INTERESTS 201$ STATEMENT BACKER IS PRINTED ON THIS PAGE 027 OS131,04:13:17 001 V830 EFTA00195217 CLEARED THRWGH ITS 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 3 • Cash Flow Analysis Income Summary THIS PERIOD TIaS PERIOD YEAR TO DATE Opening Balance $3.458.06 Dividends 641.38 1.900.23 Money Fund 641.38 Total $641.38 $1.900.23 Amount Credited $641.38 Money Fund -641.38 Portfolio Composition Amount Debited 9-641.38 Cash/Cash Equivalent 822,709 Closing Balance $3,458.06 Total $822,709 Cash Balance Summary °FENNO CLOWNS Your Portfolio Cash 3.458.06 3.458.06 Allocation Net Cash Balance $3.458.06 $3.458.06 Beer. SZeirns SOCwititi COO. Cc* Momloch Contm North BrodCon. New Yeitt 11201.3559 EPSTEIN INTERESTS STATEMENT PERIOD Rgil 1. 2004 THROUGH *11 30.2004 ACCCUNT NUMBER TAXPAYER WESER On File LAST STATEMENT MVO 31.2004 027 OS431104:13:17 001 Cash .4 Eq..salent — 100% UnsPadocl potions denote debt beano, any Or, mirky! voLoti Tha olocaticw percents?, is Owed Kum Ow 00101.te mark01 ran oil V830 EFTA00195218 CLEARED THROUGH ITS niCkLY OW,E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Non York 10179 4 vi Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRIPTION CASH BALANCE SIMBOLCUSIP MARKET ESTIMATED CURRSVT QUANTITY PRICE VALUE MNUIL INCONE YELO ITL/ 3.458 BEAR STEARNS PRIME MONEY BSILOCt 819,251.47 1.0000 819.251 7,291 0.8900 MARKET PORTFOLIO CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS $822.709 $7.291 EQUITIES Equities & Options ACC! MARKET ESTIMATED CURRENT DESCRIPTION SYAIBOLUSIP TYPE wenn PRCE VALUE ANATOL INCOME YEW I%) BANPAIS SA-SP0NS0REDADR BPIBY CASH 20,000 'Mucked REPSTG 6 SER L SHS Total Equities& Options $0 $0 TOTAL EQUITIES SO $0 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $7.291 YOUR PRICED PORTFOLIOHOLDINGS $822/09 027 05/01+04:13:17 001 Beef. Saea•ns SON, t4,1 COO. Cc* Meesetech Cella North Beccmon. New Teitt I I2DI.38S9 EPSTEIN INTERESTS STATEMENT PERIOD AO 1. 2004 THROUGH Age 30.2004 ACCCUNT NUMBER TAXPAYER NURSER On File LAST STATEMENT March 31.2004 V830 EFTA00195219 CLEARED THRWGH ITS 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 5 Transaction Detail MONEY FUND ACTIVITY DATE M3DAY TRANSACION DESCRIPTIM 04/01/04 04/01/04 04/01/04 04/30/04 DIVIDEND REINVEST OPENINGBALANCE BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL RECORD 03.51/04 PAY 03/31/04 BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL 11 REINVEST PRICE $ 1.00 CLOSINGBALANCE BSMXX 8SMXX 818,610.09 641.38 819,251.47 641.38 641.38 TOTAL 9-641.38 $641.38 SYMBOLCVSIP Beer. SZeirns SON, t4,1 COO. Cc* Meesetech Cantm North BecciCon. New Year 11201.3869 EPSTEIN INTERESTS STATEMENT PERIOD April 1.2004 THROUGH April 30.2004 ACCOUNT NUMBER TAXPAYER KINSER On FIk LAST STATEMENT March 31.2004 DOWRY PRICE DEBIT AMOUNT CREDIT AMOUNT End of Statement 027 05131,N:13:17 001 V830 EFTA00195220 CLEARED THRCOGH ITS WHCU.Y 01WED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York Nee York 10179 ACCOUNT EXECUTIVE TELEPICIE VISIT OUR WEBSITE Z:CHERMAN.IRA iyow.uentearrs.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 5 Fund Activity 5 Your Messages 6 Your Portfolio at a Glance NET CREDIT BALANCE 3.458 MONEY MARKET FUND BALANCE 818.610 NET EQUITY THIS PERIOD $822,068 NET EQUITY LAST STATEMENT 846.460 CHANGE SINCE LAST STATEMENT -24.392 'Rd portfolio melodies ao or moro urpelced socurnos rat me at rolocted max TOM YOU, of Semabos and Om Phe (poly Di, Ported There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. 111001110 lllll IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII111111111 EPSTEIN INTERESTS DTD 12/26/91 JEFFERY E EPSTEIN & MARK L EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022.6843 Cash & Enurelent — Reza ropmi oaf clIforonoe a roorooNo1 of crocks of socks, mdicolod as dolicorod to 'to. 10 Cleat Sonic*. of EXOO4-1428: a ymto to ChM Santos a Boos. Stan &canes Cap.. Coe LleeNNS Coco troth. larodros, N Y I I2014.59 Market Value of Your Portfolio NE Current market value Ed Last statement's market value $822.068 $846,460 Beef. Steams SOMA'S* Corp. Cr* lietrotech Center North Brock/on. Nee yea( 1120/3859 EPSTEIN INTERESTS STATEMENT PERIOD February 28.2004 THROUGH March 31.2004 ACCOUNT NUMBER TAXPAYER NUMBER On FOE LAST STATEMENT February 27.2004 gir TREsmwrarYmEof etnnabenal weans taly *Is net WOWS east...kat Tin statement shotkl be rearms for yoor records Sn revers* sole fa modest IIVOIThatKa 027 0401,134:12:65 001 Y829 EFTA00195221 CLEARED 1NROUON RS YrisekLY 0"E0 SUBSIDIARY Beer. SZeirns SON, 14,1 COO. Ceol.letioloch Cantot North Beccidon. New Volt 11201.3859 EPSTEIN INTERESTS 2 or e STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0401.04:12:55 001 Y829 EFTA00195222 CLEARED THROUGH ITS ?RIMY CAM•EO SUBSIDIARY BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 Beer. SZeirns S0N, 14,1 COO. Ore Momloch Conte North Becck/on. New Volt 11201.3859 EPSTEIN INTERESTS 3,n STATEMENT PERIOD February 28.2004 THROUGH Match 31,2004 Cash Flow Analysis Income Summary ACCOUNT NUMBER TAXPAYER WESER Ofl File THIS PERICO DC PERIOD YEAR TO DATE LAST STATEMENT February 27.2004 Opening Balance $3.458.06 Dividends 608.09 1,258.85 Money Fund 25608.09 Total $608.09 $1,258.85 Amount Credited $25.608.09 Money Fund -608.09 Portfolio Composition Funds Withdrawn -25.000.00 Cash/Cash Equivalent 822.068 Amount Debited $-25.608.09 Total $822.068 Closing Balance $3,458.06 Cash Balance Summary opus CLCSPIG Cash 3,458.06 3,458.06 Net Cash Balance $3.458.06 $3,458.06 027 0.01.04:12:55 001 Your Portfolio Allocation Cash 8, Eq.eialent — 100% UnsPoled POMOnS 00nOle oa0t Diono, *nee 'McI mane voLee The Mtn:0m ;event'', to clewed loom Ow 00101.te market rat), al >vv palkno V829 EFTA00195223 CLEARED THROUGH ITS ?RIMY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Non York 10179 Beet 51e9•n5 Seemeo Cap. Ore Mevolech Contm North BredCon. New Ye* I1201.38S9 EPSTEIN INTERESTS 4 c/ Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRIPTION CASH BALANCE SIMBOLCUSIP STATEMENT PERIOD February 28.2004 THROUGH March 31,2004 ACCCUNT NUMBER TAXPAYER WESER On File LAST STATEMENT February 27.2004 MARXE7 ESTIMATED CURBS' SUMMIT PRICE VALUE MNUIL WOW YEW r4 3.458 BEAR STEARNS PRIME MONEY BS1.4)Dt 818.610.09 1.0000 818,610 7,449 0.9100 MARKET PORTFOLIO CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS $822.068 $7,449 EQUITIES Equities & Options ACCT MARKET ESTIMATED CURRENT DESCRIPTION SYAIBOLUSIP Mt mum PRCE VNIE ANATOL INCOIAE YEW I%) BANPAIS SA-SP0NS0REDADR BPIBY CASH 20,000 'Merited REPSTG 6 SER L SHS Total Equities& Options $0 $0 TOTAL EQUITIES $0 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME 57.449 YOUR PRICED PORTFOLIOHOLDINGS 5822.068 027 04.01OtI2S5 001 EFTA00195224 CLEARED THROUGH ITS 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 5 c, Transaction Detail DEPOSITS AND WITHDRAWALS MONEY FUND ACTIVITY Beer. Saea•ns SON, t4,1 Cory. Cc* Mon:tech Comer North Beccidon. New Yak 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD February 28.2004 THROUGH March 31,2004 ACCOUNT NUMBER TAXPAYER WESER On File LAST STATEMENT February 27.2004 DATE MOVAT TRANSACTION DESCRIPTICN SYLIDX/CUSIP CAINITRY PACE DEBIT AMOUNT CREDIT AMOUNT 02/28/04 OPENING BALANCE 843.002 03/01/04 DIVIDEND BEAR STEARNS PRIME MONEY 8SMX% 608.09 MARKET PORTFOLIO CL Y RECORD 02/27104 PAY 02/27/04 03/01/04 REINVEST BEAR STEARNS PRIME MONEY BSMXX 608.09 608.09 MARKET PORTFOLIO CL Y REINVEST PRICE $ 1.00 03/17/04 SOLD BEAR STEARNS PRIME MONEY BSMXX -25.000 1.0000 25.000.00 MARKET PORTFOLIO CL Y 03/31/04 CLOSING8ALANCE 818.610.09 TOTAL $-608.09 $25.608.09 027 0:01,04:12:55 001 EFTA00195225 CLEARED THROUGH ITS 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 6 Your messages Ea" Excess SIPC Account Protection Update Effective February 16, 2004, the commercial insurer through which Bear, Steams Securities Corp. obtains excess SIPC protection changed to Customer Asset Protection Company MAPCO", a New York licensed insurance company. CAPCO has an A+ financial strength rating from Standard and Pools. The Firm believes it is of the utmost importance that clients who purchase or hold mutual funds fully understand the intricacies of the pricing structures and rules which govern these investments. Recently, a pint Industry/NASD Task Force collaborated to create a Disclosure Statement to address these issues, We are providing this Disclosure Statement to you for the purpose of reinforcing these concepts and to initiate the opportunity for further discussion of these issues to the extent you have questions. You are encouraged to contact your financial professional with any questions you have regarding your investments, Additionally, you may review this information online at the following NASD web site: http://vvw.nasdr.comibreakpoints_statement.asp End of Statement WS' Beer. SZeirns S0N, t4,1 Cap. Ore Mem:tech Contm North Beccidon. New Ye* 11201.3859 EPSTEIN INTERESTS STATEMENT PERI00 February 28.2004 THROUGH March 31,2004 ACCOUNT NUMBER TAXPAYER WESER CO File LAST STATEMENT February 27.2004 Bear. Stearns Securities Corp. Net Capital and Net Capital Requirements: At November 30, 2003 and January 31, 2004, the Company's net capital of approximately $3.3 billion and $3,2 billion was approximately 7% and 7% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $930,3 million and $967,8 million by approximately $2.4 billion and $2,2 billion, all respectively. A complete copy of the Bear, Stearns Securities Corp. Statement of Financial Condition is available on the web site www.bearstearns.com. Alternatively, to request a free printed copy please call • toll free 1.866.299-9331. 027 04D1,00:12:55 001 Y829 EFTA00195226 CLEARED THRCOGH ns WHOLLY OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE ZICHERMAN.IRA IA1 uearstearrts.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 5 Fund Activity 5 Your Messages 5 Your Portfolio at a Glance NET CREDIT BALANCE 3.458 MONEY MARKET FUND BALANCE 843.002 NET EQUITY THIS PERIOD $846,460 NET EQUITY LAST STATEMENT 845.809 CHANGE SINCE LAST STATEMENT 651 •This portfolio melodies ono or monn unlaced mourn°. nil MO at teleaed n he Taal Woe of Sewing, and We Na Cooly Tin Penal There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Illlllllllll lllll 11 lllllllllllllllllllllllllllllllllllllllll EPSTEIN INTERESTS DTD 12/26/91 JEFFERY E EPSTEIN & MARK L EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022-6843 Market Value of Your Portfolio Cash 8 Equvalent — $846,460 $845,809 Roza ropal oaf dfforwoo a nanroceire of teats or Mocks. calcolod as d4/cocoa lo Lou. b Gaol Sonic*. of 80004-1428: a veto lo ChM Sonata a Boot Steam &conies Cana. One lAaholat, Carla Honk Broabn, NY 112014859 Current market robe EN Last statement's market value Ban. SOMAS SOMAIORT Can. Ono Manatech Confer Noah Brocklin. New Yea 1120/3859 EPSTEIN INTERESTS STATEMENT PERIOD January 31.2000 THROUGH Pebniaty 27.2004 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT January 30.2004 et TN. SmYsTeN a tor orrombetml wean re/yak not alOrlded as a Um 000Allat Dn it atonal ahead be retained for y0W MOSS St. Mara Oa for irrocrlert rdermansn 027 02280411:67 001 Y828 EFTA00195227 CLEARED 1NROUON RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.letsolech Cantot North Broeklln• New Ye* 11201.3859 EPSTEIN INTERESTS 2 of s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0228,04:11:57 001 Y828 EFTA00195228 CLEARED THROUGH ITS 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Nee York 10179 3 ci Cash Flow Analysis Income Summary THIS PERIOD 1145 PERICO YEAR TO DATE Opening Balance $3.458.06 Dividends 650.76 650.76 Money Fund 650.76 Total 5650.76 $650.76 Amount Credited $650.76 Money Fund -650.76 Portfolio Composition Amount Debited $-650.76 Cashtash Equivalent 846.460 Closing Balance $3.458.06 Total $846.460 Cash Balance Summary OM. AO CLOSINO Your Portfolio Cash 3.458.06 3.458.06 Allocation Net Cash Balance $3.458.06 $3.458.06 Beer. Saea•ns SON, t4,1 COT‘ Ore Maoloch Conte NOM etCCk/01. New To* 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD January 31.2004 THROUGH February 27.2004 ACCOUNT NUMBER TAXPAYER MAWR OR PIM LAST STATEMENT January 30.2004 027 022804:11:57 001 Cash & Ewe/Went- 100% UnsPoled POMOnS denote oar Deena *nee l ,o•I mane ',Mae The elocal✓r ;event'', to awed Wm Ow 00101.te market rat), 01 IN palloo Y828 EFTA00195229 CLEARED THROUGH ITS OMPEO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Non York 10179 4 vi Your Portfolio Holdings CASH & CASH EQUIVALENTS DESORPTION CASH BALANCE SYMBOLCUSIP MARKET ESTIMATED CURRENT QUANTITY PRICE VALUE MNUIL WOW YELOD4 3.458 BEAR STEARNS PRIME MONEY BS1A/C( 843,002 1.0000 843,002 7.671 0.9100 MARNE' PORTFOLIO CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS $846.460 $7.671 EQUITIES Equities & Options ACCT MARKET ESTIMATED CURRENT DESORPTION SYMBWOUSIP TYPE mum PRCE VAME ANNA. INCOIAE YEW NI BANPAIS SA-SP0NS0REDADR BPIBY CASH 20,000 'Merited REPSTG 6 SER L SHS Total Equities& Options $0 $0 TOTAL EQUITIES $0 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $7.671 YOUR PRICED PORTFOLIOHOLDINGS $846,460 Beef. Saea•ns SOC,A,140 Cap. 0-4 Meesetech Canto North Broodon. New Tent 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD January 31.2004 THROUGH February 27.2004 ACOCCIPT NUMBER TAXPAYER MAPPER On FOE LAST STATEMENT January 30.2004 027 022804:11:57 001 Y828 EFTA00195230 CLEARED THROUGH ITS wHOM.Y OW ,C0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 5 Transaction Detail MONEY FUND ACTIVITY DATE MCKIM TRANSACION DESCRIPTCN 01/31/04 OPENINGBALANCE SrMBOLCIAIP Beer. SZeirns SON, t4,1 COO. Ore Mon:tech Cantm North Beccidon. New Ye* I 1201.38S9 EPSTEIN INTERESTS STATEMENT PERIOD January 31.2004 THROUGH February 27.2004 ACCOUNT NUMBER TAXPAYER KINSER On File LAST STATEMENT January 30.2004 cuomiry PFCE DEBIT AMOUNT CREDIT AMOUNT 842.351.24 02/02/04 DIVIDEND BEAR STEARNS PRIME MONEY BSAIXX 650.76 MARKET PORTFOLIO CL Y RECORD 01/30/04 PAY 01/30104 02/02/04 REINVEST BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL REINVEST PRICE $ 1.00 8SMX% 650.76 650.76 02/27/04 CLOSINGBALANCE 843.002 TOTAL $.650.76 $650.76 Your messages Excess SIPC Account Protection Update Effective February 16, 2004, the commercial insurer through which Bear, Steams Securities Corp, obtains excess SIPC protection changed to Customer Asset Protection Company MAPCO", a New York licensed insurance company, CAPCO has an A-I- financial strength rating from Standard & Poor's, End of Statement 027 0212St04;11:87 001 EFTA00195231 CLEARED IHRWOH ITS W1ICU.Y 01ThED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE LICHEN MAN.IRA IA1 uearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 3 Transaction Detail 4 Fund Activity 4 Your Messages 5 Your Portfolio at a Glance NET CREDIT BALANCE 3.458 MONEY MARKET FUND BALANCE 842.351 NET EQUITY THIS PERIOD $845,809 NET EQUITY LAST STATEMENT 845.156 CHANGE SINCE LAST STATEMENT 653 'Ms portfolio mdudos ao or moo unpelcod mambos rat No rem miected mix TMal Woe of Seaman and Om Not Ewe/ Ms Ronal There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. IIIIIIIIIIII lllll IIIIIIIIIIIIIIIII 11111111111111 I I L11111111 EPSTEIN INTERESTS DTD 12/26/91 JEFFERY E EPSTEIN & MARK L EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022-6843 Market Value of Your Portfolio Cash & Equvalent Plo.mit mon oror diforonoo a rontooNot of &WAS or Mat melicolod as CIOIWOOX1 10 yOu. 10 0001 Sonic*. of 8004314-1428: a Oro to ChM Santos a Boos. Steam Securnos Cap.. One LIfloloth Coolly North. BrooNri, NY. I I2014$59 Current market value dd Last statement's market value 8845.809 $845.156 BON. ROAMS $ecu•ilkl Cap. core lientech Cooler Noah 8tCCk/011. Men Yet* 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD January 1.2004 THROUGH January 30.2004 ACCOUNT NUMBER TAXPAYER WINER On Fee LAST STATEMENT December 31.2003 tot wlnlaq a for recomberiol imposes coly els roe "landed an tat dowswtt not StatOrtiOrl seaside* cleaned for yew records Soo revers* sole for modest Samara 027 01,31.04:09:43 001 Y824 EFTA00195232 CLEARED IHROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns Secallkl COO. CcoMetsolech Cerra North Broeklln• New Ye* 11201.0859 EPSTEIN INTERESTS 2 of s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0141.04:09:42 001 11824 EFTA00195233 CLEARED THROUGH ITS ?RIMY OBBE0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Nevi York 10179 3 Cash Flow Analysis THIS PERIOD Cash Balance Summary (PM% CL0SNG Opening Balance $3.458.06 Cash 3,458.06 3,458.06 Money Fund 653.47 Net Cash Balance $3,458.06 $3,458.06 Amount Credited $653.47 Money Fund -653.47 Portfolio Composition Amount Debited $-653.47 CashtCash Equivalent 845.809 Closing Balance $3.458.06 Total 5845.809 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESORPTION CASH BALANCE SIMBOLCUSIP MAPXET ESTIMATED DePENT QUANTITY PACE VALUE PC.WE Yes (%, 3.458 BEAR STEARNS PRIME MONEY BSNO0( 842.351.24 1.0000 842,351 7.581 0.9000 MARKET PORTFOLIO CL DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS $845.809 Beer. Steens Seop10.1 Cory. Or4Meaclech COMO( North Secede New volt i201.38S9 EPSTEIN INTERESTS STATEMENT PERIOD January 1.2004 THROUGH January 30.2000 ACCOUNT NUMBER TAXPAYER HOWER On File LAST STATEMENT December 31.2003 Your Portfolio Allocation $7.581 Cash & Ego/Went- 100% 02/ D1/31.00:09:40 001 UnsPoRRI POMP, denote oar Deena *new .eml mane yea, The Moms", revenue to awed hem Ow 00101/ a melte rat), 01 >ye peen" V824 EFTA00195234 CLEARED THROUGH ITS OW,E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 4 cis Your Portfolio Holdings (continued) EQUITIES Equities & Options ACCT MARKET ESTIMATED CURFEW DESORPTION SYMBOUCUSIP TIDE OLIANTITY PACE VALLE ANNUAL iNCOIAE YELD N BANPAIS SA-SPONSOREDADR BPIBY CASH 20,000 'Marked REPSTG 6 SER L SHS Total Equities& Options $0 $0 TOTAL EQUITIES $0 $0 YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME $7.581 YOUR PRICED PORTFOLIOHOLDINGS $845.809 Transaction Detail MONEY FUND ACTIVITY DATE MCVAY TRANSACTION DESCRIPTION 01/01/04 OPENINGBALANCE STMEPOUCUSIP Beer. SZeirns SON, 14,1 Cat. Dec Mem:tech Contec North BecciOon. New Year I1201.38S9 EPSTEIN INTERESTS STATEMENT PERK* January 1.2004 THROUGH January 30.2004 ACCCUNT NUMBER TAXPAYER NUMBER Co File LAST STATEMENT December 31.2003 OVANTRY PACE OMIT AMOUNT CREDIT AMOUNT 841.697.77 01/02/04 REINVEST BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y REINVEST PRICE $ 1,00 BSMXX 653.47 653.47 01/02/04 DIVIDEND BEAR STEARNS PRIME MONEY BSMXX 653.47 MARKET PORTFOLIO CL Y RECORD 12/31103 PAY 12/31/03 INCLUDED t 2003 1099 027 Dli31.04:09:43 001 V824 EFTA00195235 CLEARED THROUGH ITS wilD5LY OH540 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. New York 10179 5 vi Transaction Detail (continued) MONEY FUND ACTIVITY (continued) DATE MOVAY TRANSCGTICEI DESCRIPTOR SYMECUCUSIP OUAN1DY PRICE Beet STe9•n5 Seemeo GNP. 0re Mem:1W+ Conte North 0eock11n. New Yee 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD January 1.2004 THROUGH January 30.2004 ACCOUNT NUMBER TAXPAYER RAMER On File LAST STATEMENT December 31.2003 DEBIT Amour CREDIT AMOUNT 01/30/04 CLOSINGEtALANCE 842.351.24 TOTAL $453.47 $653.47 Your messages In? Excess SIPC Account Protection Update Effective February 16, 2004, the commercial insurer through which Bear, Steams Securities Corp. obtains excess SIPC protection will change to Customer Asset Protection Company ('CAPCO'), a New York licensed insurance company. CAPCO has an A-1- financial strength rating from Standard and Poor's. End of Statement In? The interest, if any, charged to your account during December 2003 was computed on the net debit balance through December 30. The interest, if any, charged to your account during January 2004 is computed from December 31, 2003. 027 01/2110409:43 001 Ye24 EFTA00195236