EFTA00195237.pdf

Statements EFTA00195237 CLEARED THROUGH ITS WHOLLY OVII1JED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York New York 10179 ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE CL?,HaRMAN.IRA muivueaistearrts.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 TOTAL VALUE OF SECURITIES THIS PERIOD' 651,800 MONEY MARKET FUND BALANCE 74,046 IIII II I I I lllll I I II I I I Il 1'11'11'1 II IIIIIIII II I II I II I I I II I II 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 one& EviLwaient ill 574.046 572.068 NET EQUITY THIS PERIOD $725,846 NET EQUITY LAST STATEMENT 685,268 CHANGE SINCE LAST STATEMENT 40.578 'Tin pada* mcluslas one of mow urynced smarm Ikal ere 0at relecam H fe Taw Yam of Secure., a'd the Not Ewe/ IN, Pemc1 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Equities Roza rood an/ Offoronoo a coorsalig el chmks or sKKks, ficitalod as doltrasti lb p5u. to Cleni Samoa. at 800614.1128: or vet to Clam Sank's* al Boat Room Sumac Cal,. Olio lActolecli Cooler tIonh. 8,0009, NY. I12013859 $651.800 $613,200 Current market value MO Last statements market value BON. Warns SIMON GOO One Matrotach Conks North BrocIttrn. War York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD December 1,2005 THROUGH December 30.2005 ACCOUNT NUMBER TAXPAYER NUMBER On Flk LAST STATEMENT Noventer 30.2005 Sit INS wineryfa dOrmatIerwl Ftnrosin only Cis ra canoed ClOtanieN 1ln Statsenorg should be mums for your words See morass* Ice rwcrlant recemaran 027 1231,05:09:03 001 If any information regarding 2005interest. dividends. miscellaneous income, gross proceeds or original issue discount is required to be reported to the IRS for this account, a Consolidated Form 1099wi11 be mailed to you by January 31.2006or a 1042S by March 15,2006. V899 EFTA00195238 CLEARED THROUGH ITS WHOLLY OWED SUBSIDIARY 1349f.StebrAs Secw$n COrD One Motroboch Conk. North 9occItAn. New York 11201.3859 EPSTEIN INTERESTS 2 ol e STATEMENT BACKER IS PRINTED ON THIS PAGE 027 1231.05:09:00 001 11899 EFTA00195239 CLEARED THROUGH ITS VOICUY OMED SUSSIDIAAv BUR 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 THIS PERCO YEAR TO DATE Opening Balance $0.00 Dividends 1.978.25 16.676.24 Money Fund 228.25 Total $1.978.25 $16,676.24 Dividends/Interest 1,750.00 Amount Credited $1,978.25 Portfolio Composition Money Fund -1.978.25 Cash,Cash Equivalent 74,046 Amount Debited $-1.978.25 Equities 651,800 Closing Balance $0.00 Total $725.846 021 1231,05:09:00 001 sear. steams se:wives coin Ono Mafrotoch Conk. North 9coStlin. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD December 1,2005 THROUGH December 30.2005 ACCOUNT NUMBER TAXPAYER NUMBER ON Fee LAST STATEMENT Noventer 30.2005 Your Portfolio Allocation Unteeeti Preen, donor* 000! OttenCe omit, shod Ticket vacs. Tho alocoma patomxp is crowed from to atrial-co (radio, maluo os pr.e V899 EFTA00195240 CLEARED THROUGH ITS WHOU.Y OMMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 4 c/ Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRPRON SYSIEWCVSIP DREYFUS CASH MANAGEMENT-CL A DIM INSTITUTIONAL SHARES EST, 30 DAY AVG VELD 4,1100% TOTAL CASH & CASH EQUIVALENTS august 74,046.27 IMRXE1 ESTIMATED CURRENS PRICE VALUE AMIN. INCOME VELD 1%) 1.0000 74.046 2.814 3.8003 $74.046 52.814 EQUITIES see'. Steams Secedes. Ore. Coe metrotech Conk. North 9roMtlin. NA. York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD December 1,2005 THROUGH December 30.2005 ACCOUNT NUMBER TAXPAYER RAMER Ofl File LAST STATEMENT MORMON 30.2005 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the Firm's Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 = Outperform; P = Peer Perform; U = Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market Underweight. In cases where a BSC rating is present. the name of an independent, third-party research provider and their rating may also be displayed. where such research is available, The various providers have normalized their ratings systems as follows: B = Buy; H = Hold; S = Sell. The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal or investment advice. Bear Stearns is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at www.bearsteams.com or can call (800) 517.2327 to request that a copy of this research be sent to them. DESCRIPTION SYMEICt7CUSIP ACCT TIPS GAMIN PRCE MARKET VALUE ESTIMATED AMOK INCOME CURRENT YEID IF) '.899 ABERCROMBIE 8 FITCH CO-CL A BSC RATING: STOCK 0/SECTOR MW CATHAY FINANCIAL. INC. RATING: B BANPAIS SA-SPONSOFtEDADR REPSTG 6 SER L SHS Total Equities& Options ANF BPIBY CASH CASH 10.000 20.000 65.1800 Unpnced 651.800 $651.800 7,000 $7.000 1.0739 TOTAL EQUITIES 8651.800 $7.000 027 1231,0SO9:03 001 EFTA00195241 CLEARED THROUGH ITS YAKUT 0918ED SUBIC/MAP BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 5 cr Your Portfolio Holdings (continued) YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME 59.814 YOUR PRICED PORTFOLIOHOLDINGS 5725.846 Transaction Detail MONEY FUND ACTIVITY 1309.5tolnIs SBOwl081 COrp Ono Mafrotoch Conk. North 9cocklin. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD December 1.2005 THROUGH December 30.2005 ACCOUNT NUMBER TAXPAYER 08483ER On File LAST STATEMENT November 30.2005 VE 1.13DAY TRANSACION CESCRIPTC(9 SYLIECL,CLGIP 0.knitry PP.CE Cali AMOUNT CREDIT AMOUNT 12/01/05 OPENINGBALANCE 72.068.02 12'Ol/O5 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICA 228.25 INSTITUTIONAL SHARES MONTHLY DIVIDEND 12/01/05 REINVEST DREYFUS CASH MANAGEMENT-CL A DIG/2( 228.25 228.25 INSTITUTIONAL SHARES DIVIDEND REINVEST 12/20/05 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICA 1.750 1.0000 1.750.00 INSTITUTIONAL SHARES 12/30/05 CLOSINGBALANCE 74,046.27 TOTAL 5-1.978.25 5228.25 027 12314599A0 00I EFTA00195242 CLEARED THROUGH ITS VOICUY ODIVED SK1SIDIATiv BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 6 o Transaction Detail (continued) DIVIDENDS EWE CESCAPTION 12+20/05 ABERCROMBIE & FITCH CO-CL A REC 11,29[05 PAY 12120/05 SYMBCLCUSiP ANF CcrNorr RATE (Sr 10.000 0.1750 DEBIT AMOUNT see'. Stearns Seaxiiku Corp. Ono Metrotoch Conk. North 9fccItlin. New York 1120/3959 EPSTEIN INTERESTS STATEMENT PERM. December 1,2005 THROUGH December 30.2005 ACCCUNT NUMBER TAXPAYER KAMER On File LAST STATEMENT November 30.2005 CREDIT AMOUNT 1.750.00 TOTAL 51.750.00 Your messages VW' 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 intemet address which is www,nasdr,com, In addition, a brochure explaining the Public Disclosure Program is available from the NASD upon request, End of Statement 027 1231,05:0903 001 EFTA00195243 CLEARED 1HRWOH RS seiteklY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York. New York 10179 ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE ZICHERMANARA wmv.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 TOTAL VALUE OF SECURITIES THIS PERIOD' 613,200 MONEY MARKET FUND BALANCE 72,068 Cash a Equvalent NET EQUITY THIS PERIOD $685,268 NET EQUITY LAST STATEMENT 591,746 CHANGE SINCE LAST STATEMENT 93,522 pOrttONO olduClaS OW or moro unwed secure.s oat ro not related mese Taal Prue of Sasebo, and the llte Cove/ TN, Perm, There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Equines Please report tiff/ decease a ncenecoot el teem or axle. heeled as deemed lo you. lo Gent Sanwa./ el te)0(04.1428: a wet, lo Clem Savims at Bere. Stems &wallas Cap.. Ono Novoloch Conics Nosh. stomp,. N.Y. I1201-3B59. "••1 l .... 3.S•• ..... ••1 . .... 3i . ..... • •••cairiii.‘"` ... •••••cairiii!”` ..... ••zterrial. $519.900 1111 Ill I 1 lllll I 1 II 1 11111111111111111111111111111111 I 1 I11 II 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 $72.068 871.846 613.200 FriliwaaflMrrtn. Current market vaue ism Last statements market value Beer. Szewns Sec.riott GOO. Ce4 Maroteen Center North eecck/on. New Taft 11201.3859 EPSTEIN INTERESTS STATEMENT PERK* Novernter I . 2005 THROUGH Novernter 30.2005 ACCOuNT NUMBER TAXPAYER NVIIIER On File LAST STATEMENT October 31.2005 SEC Thina•TOWYN IO, nrennabenal preens say mt viewed as a ta. dcanws Tres staterners acme be neared for your records See reverse S. for rnporlare ntaingcm 027 1201.05:07:35 001 EFTA00195244 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SBN•Ilkl COO. Ceol.letioloch Cantot North Brocklln• New VC* 11201.3859 EPSTEIN INTERESTS 2 of s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 1201.05:07:35 001 Y898 EFTA00195245 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 PERICO 716 PERIOD YEAR TO DATE OpeningBalance $0.00 Dividends 221.76 14,697.99 Money Fund 221.76 Total $221.76 $14,697.99 Amount Credited $221.76 Money Fund -221.76 Portfolio Composition Amount Debited $-221.76 Cash/Cash Equivalent 72.068 aosinnalance $0.00 Equities 613.200 Total $685,268 027 120IDS:07:35 001 Beer. SZeirns SON , 14,1 COO. Ore Meesetech Cella North BredCon. New Year 11201.3559 EPSTEIN INTERESTS STATEMENT PERIOD NOVeMbIlf 1,2005 THROUGH November 30.2005 ACCOUNT NUMBER TAXPAYER WESER Ofl File LAST STATEMENT October 31.2005 Your Portfolio Allocation Cash 8 Equiyalera • 10% — Equities 90% Untitlifecl rOenris Oen,* Oar 014, o, onto male valve 'rho elopOry. reventro clewed from Va etnol.te market rat), pi >vit paIioo YEN EFTA00195246 CLEARED THROUGH ITS WIIOUY Ot1N.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 MARKET ESTOIATED CURRENT DESCRPRON SYMBOJCUSIP DUANTRY PRICE VALUE Arm& onefee YIELD 1%) DREYFUS CASH MANAGEMENT-CL A DICXX 72,068.02 1.0000 72.068 2.667 3.7007 INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 3,9000% TOTAL CASH & CASH EQUIVALENTS $72.068 $2,667 EQUITIES Beer. Saeo•n Seonmi CORN Ore Mevolech Cantof North &Wort New Ye* 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD NOvel1100f 1,2005 THROUGH November 30.2005 ACCCUNT NUMBER TAXPAYER KAMER On File LAST STATEMENT Octoter 31.2005 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the Firm's Equity Research Department, The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 = Outperform; P = Peer Perform; U = Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market Underweight. In cases where a BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed, where such research is available. The various providers have normalized their ratings systems as follows: B = Buy; H = Hold; S = Sell. The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal or investment advice, Bear Steams is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider, The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at wvv.bearsteams.com or can call (800) 517-2327 to request that a copy of this research be sent to them, ACCT IMPRE1 mimeo CURRENT DESCRATION SYMEICtiCUSIP TIPS OµNIITY PRCE VALUE ANNUAL INCOME YIELD IN) ABERCROMBIE 8. FITCH CO-CL A ANF CASH 10,000 61.3200 613200 7,000 1.1416 BSC RATING: STOCK 0/SECTOR MW CATHAY FINANCIAL. INC, RATING: B BANPAIS SA-SPONSOREDADR BPIBY CASH 20.000 Unpriced REPSTG 6 SER L SHS Total Equities& Options $613,200 $7.000 TOTAL EQUITIES $613,200 $7.000 027 'ROMS:07:3S 001 V898 EFTA00195247 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New York, Nen York 10179 5 o Your Portfolio Holdings (continued) YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $9.667 YOUR PRICED PORTFOLIOHOLDINGS $685.268 Transaction Detail MONEY FUND ACTIVITY Beer. SZeirns SON, t4,1 Cap. Ore Mon:tech Contm North BecciCon. New Ye* I 1201.38S9 EPSTEIN INTERESTS STATEMENT PERIOD November 1,2005 THROUGH November 30.2005 ACCCUNT muesli TAXPAYER WEBER On File LAST STATEMENT WOW 31.2005 DATE MODAT TRANSACTION DESCRIPTION SYMEWCUSIP Cowry PRICE Cell AMOUNT CREDIT AMOUNT 11/01/05 OPENINGBALANCE 71,846.26 11/01/05 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICA 221.76 INSTITUTIONAL SHARES MONTHLY DIVIDEND 11/01/05 REINVEST DREYFUS CASH MANAGEMENT-CL A CCU 221.76 221.76 INSTITUTIONAL SHARES DIVIDEND REINVEST 11/30/05 CLOSINGBALANCE 72.068.02 TOTAL $221.76 $221.76 027 12f01106:07:36 001 YS98 EFTA00195248 CLEARED THRCOGH ITS WHOLLY 01WJED SLOOSIDIAIW BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York New York 10179 ACCOUNT EXECUTIVE TELEPECCE VISIT OUR WEBSITE LICHERMAN.IFIA wev.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 TOTAL VALUE OF SECURITIES THIS PERIOD' 519.900 MONEY MARKET FUND BALANCE 1111'111111 11 lllll 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 EqSvalent $71.846 $71.004 71.846 Equities 1519.900 5498.500 NET EQUITY THIS PERIOD $591,746 NET EOUITY LAST STATEMENT 569.504 CHANGE SINCE LAST STATEMENT 22.242 p0(110110 •ItludaS an of men unpocod mums rat an not related mix Tots Woe of Saab's and Om Net Ewe/ nn Penal There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Please WPM soy drieterCe or menecoOt of doers or ;MacM, mdicakd as <Mimed to you. to Client Somas al 400444.1428: a ma to CloM Sawan at Sea. Shane &voiles Cap,. Ono lAolmiall Conior North. Staab.% N.Y. 11201.385.9 MI Current market vane EN Last =laments market value 1308i. ROAMS SOMAS'S Cap. Coo Metrotech Corder HORN etCCk411. NC* Yak 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD October 1.2005 THROUGH October 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT September 30.2005 A r:r an lamall lot nrannsaerel pompom ally riot pleaded natal doomed Tin saleeneri ORA be retained for your records Set warn S. for ',Raton Wampum 027 11.0r.05:08:34 001 Y897 EFTA00195249 CLEARED 1NROUON RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns Seca0k1 COO. Ore Momloch Cantot North Broeklln• New Ye* 11201.0859 EPSTEIN INTERESTS 2 of s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 11/01.05:08:34 001 Y897 EFTA00195250 CLEARED THROUGH ITS vrisexLY OBBE0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Nee York 10179 3 si Cash Flow Analysis THIS PERIOD Income Summary THSPERICO YEAR TO DATE Opening Balance Money Fund Amount Credited Money Fund Amount Debited Closing Balance $0.00 842.68 $842.68 -842.68 $842.68 $0.00 Dividends 842.68 Total $842.68 Portfolio Composition CashCash Equivalent Equities Total 14,476.23 $14,476.23 71,846 519,900 $591.746 027 1VO1O5,06:34 001 Beer. Screams S0PA.* Cap. CeoLletsoloch Coot North Becck//n. New Tuft 11201.3859 EPSTEIN INTERESTS STATEMENT REMO* Octoter 1.2005 THROUGH Ocloter 31.2005 ACCOUNT NUMBER TAXPAYER KAISER On Ale LAST STATEMENT Seplefiltet 30.2005 Your Portfolio Allocation Cash& Equivalent-, 13% — Equities 87% Unth/Cled P0,00, 5 atom. oat 0loop, *odor 'or, male vela, Tho olorahr cevernar to oe•aea iron to otopIxe market robe or Kv patina 1997 EFTA00195251 CLEARED THROUGH ITS VilIOLLY CALMED 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 177,7NET t$01./ATED CURRENT DESORPTION SIMBCCPCUSIP OMNI'S"( FREE Wu*: .ork.o. okterre VELD 1%) DREYFUS CASH MANAGEMENT-CL A DICXX 71,846.26 1.0000 71.846 2.443 3.4003 INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 3,7500% TOTAL CASH & CASH EQUIVALENTS $71.846 $2.443 EQUITIES Beer. Saea•ns $007, 140 Cory. Ore Mevolech Cantof North Becck/on. New 11c7k 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD OCIOIMI 1.2005 THROUGH Water 31.2005 ACCOUNT NUMBER TAXPAYER NMSER NAM LAST STATEMENT SMNERTitet 30.2005 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the Firm's Equity Research Department, The first rating represents the stock's total return relative to the other stocks covered by that Analyst, The key for the stock rating values is as follows: 0 = Outperform; P = Peer Perform; U = Underperform, The second rating represents the rating of the coverage universe relative to the regional broader market index, The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market Underweight. In cases where a BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed, where such research is available. The various providers have normalized their ratings systems as follows: B = Buy; H = Hold; S = Sell, The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal or investment advice, Bear Steams is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third•party research provider, The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons, Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at wvv.bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them, ACCT WW1 ammo CURRENT DESCRPTION SYMEICIJCVSIP TTPE OUANIUY PRICE VALUE ANNUAL INCOME YIELD IF) ABERCROMBIE 8. FITCH CO-CL A ANF CASH 10,000 51.9900 519.900 7.000 1.3464 BSC RATING: STOCK 0/SECTOR MW CATHAY FINANCIAL. INC• RATING: B BANPAIS SA-SPONSOREDADR BPIBY CASH 20.000 Unpriced REPSTG 6 SER L SHS Total Equities& Options $519.900 $7.000 TOTAL EQUITIES $519.900 $7.000 027 III/IDS:0834 001 V897 EFTA00195252 CLEARED THROUGH nS wilekLY 0"ED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 5 vi Your Portfolio Holdings (continued) YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME $9.443 YOUR PRICED PORTFOLIOHOLDINGS $591.746 Transaction Detail MONEY FUND ACTIVITY Beer. SZeirns S0N, t4,1 COO. Dec Mon:tech Cantet North Beccicon. New Ye* 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD OCIODer 1.2005 THROUGH Octoter 31.2005 ACCCUNT NUMBER TAXPAYER AMMER On PIM LAST STATEMENT SepleMOSI 30.2005 DATE 1.11/43DAY TRANSACTION OESCRIPMN SYMEWCUSIP CVANIITY PRCE Cell AMOUNT CREDIT AMOUNT 10/01/05 OPENINGBALANCE 71.003.58 10/03/05 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DIC)C( 842.68 INSTITUTIONAL SHARES MONTHLY DIVIDEND 10/03/05 REINVEST DREYFUS CASH MANAGEMENT-CL A RICA 842.68 842.68 INSTITUTIONAL SHARES DIVIDEND REINVEST 10.31;05 CLOSINGBALANCE 71.846.26 TOTAL $842.68 $842.68 027 11/01A75:08:34 001 1/897 EFTA00195253 CLEARED 1HRCO3H ITS WHOLLY OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York New York 10179 ACCOUNT EXECUTIVE TELEPEIDNE VISIT OUR WEBSITE LIC;HaRMAN.IRA 'ww.uea•stearrs.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 5 Fund Activity 6 Your Messages 7 lllllllllllllllllllllllllllll llllllllllllllllllllllllllllllIll 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 Your Portfolio at a Glance Market Value of Your Portfolio $71.004 TOTAL VALUE OF SECURITIES THIS PERIOD' 498,500 Cash & Equivalent ,,,,,,,, ,, ............. .. ... .. ............. ..... .. ....... ..... .. .. 5667.544 . . MONEY MARKET FUND BALANCE 71.004 NET EQUITY THIS PERIOD $569,504 NET EOUITY LAST STATEMENT 667.544 CHANGE SINCE LAST STATEMENT -98.040 •TNs portfolio melodies ono of mom kerma socurOos rat MO not relented mix Taal Wye of Seaabos and Ike NH Ewa Ths Perna There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Equities Plano man any deeterce or meoreceal of cloaks or lacks. indicalta m deliored lo you. lo Clem Sen•ceo of ak/.404.1428: a one to Clara Sawas al Bow. Stan &curia, Cap,. Ono Houma Conior North. Beoabn. N.Y. 11201-385a $498.500 SO NM Current market value MI Last statement's market value Seer. Stearns SOfaakia Carp Ono Llevotoch Cooler Noah Steck/in. New Ye* 11201.3859 EPSTEIN INTERESTS STATEMENT PER100 Seplanter 1.2005 THROUGH Septenter 30.2005 ACCOUNT NUIABER TAXPAYER NUMBER On File LAST STATEMENT August 31.2005 A~nf• tic mommy lt ter Inerieuraxel pa-poses arty. not Mended as a law docaniat s3-5r Tn uaternant Maid be nuns for your records So worm Se for inwarlort oaormaton 027 10.01.05:11:60 001 Y896 EFTA00195254 CLEARED 1NROUON NS vriseklY 0"E0 SUBSIDIARY 808r. Saee•ns SON, t4,1 Oa0. Ore lActsolech Cantot North Broeklln• New Tuft 11201.0858 EPSTEIN INTERESTS 2 or e STATEMENT BACKER IS PRINTED ON THIS PAGE 027 10,0105:11:50 001 V896 EFTA00195255 CLEARED 1HRWGH ?RIMY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 3 Beer. Screams SON, t4,1 Cory. Ore Mevelech Cord North eeccidon. New Ye* 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD September 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER AILMA3ER Cn File THIS PERICO 116 PERIOD YEAR TO DATE LAST STATEMENT AuguS1 31. 2005 OpeningBalance $0.00 Dividends 1.864.41 13,633.55 Money Fund 600,269.41 Total $1,864.41 $13,633.55 Amount Credited $600.269.41 Securities Bought -548.405.00 Portfolio Composition Money Fund -1.864.41 Cash/Cash Equivalent 71.004 Funds Withdrawn -50.000.00 Equities 498.500 Amount Debited $-600,269.41 Total $969.504 Closing Balance $0.00 027 100105:11:50 001 Your Portfolio Allocation Gas- "i Eq-'41ent 13t: — Equities 87% UnWOCIed prOcris eon,* oar 010, o, antcr hoI male vela, Tb 510Cahri rertenlar ts awed ham Va obsol.te market rat), 01 Ku, palkal. 1896 EFTA00195256 CLEARED IHRCUGH WitCkLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 4 vi Your Portfolio Holdings CASH & CASH EQUIVALENTS MAI,NET E$TIMATED CURRENT DESCRIPTION SYMBULCuSIP GUMMY PRICE v.t.UE n14...t. 1,4CW YIELD I%) DREYFUS CASH MANAGEMENT-CL A DICXX 71,003.58 1.0000 71.004 2.414 3.3998 INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 3,6200% TOTAL CASH & CASH EQUIVALENTS $71,004 $2.414 EQUITIES Beet SZeirn5 SON, t4,1 COO. CcoMetsolech Cantot North BecciOon. New Ye* I i2DI .3859 EPSTEIN INTERESTS STATEMENT PERIOD September 1,2005 THROUGH September 30.2005 AccouluT NUMBER TAXPAYER KAMER Co File LAST sTATELIENT August 31.2005 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the Firm's Equity Research Department, The first rating represents the stocks total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 = Outperform; P = Peer Perform; U = Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market Underweight. In cases where a BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed, where such research is available. The various providers have normalized their ratings systems as follows: B = Buy; H = Hold; S = Sell. The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal or investment advice, Bear Steams is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider, The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at wvv.bearsteams.com or can call (800) 517-2327 to request that a copy of this research be sent to them, ACCT MARKET &smarm CORSON:7 DEWS:MON SYMESCIJCVSIP TIPS OLLAMiTY proCE VALUE kritho. NOME VELD IF) ABERCROMBIE & FITCH CO-CL A ANF CASH 10,000 49.8500 498.500 7,000 1.4042 BSC RATING: STOCK P/SECTOR MW CATHAY FINANCIAL. INC, RATING: 8 BANPAIS SA-SPONSOREDADR BPIBY CASH 20.000 Unpriced REPSTG 6 SER L SHS Total Equities& Options $498,500 $7.000 TOTAL EQUITIES $498,500 $7.000 027 100105:11:50 001 EFTA00195257 CLEARED THROUGH ITS niCkLY OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 1O179 5 ei Your Portfolio Holdings (continued) YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME 59.414 YOUR PRICED PORTFOLIOHOLDINGS $569.5O4 Transaction Detail INVESTMENT ACTIVITY K7LEMEM TRADE DrE DATE TRANSACTION O912/O5 O9/O7/O5 BOUGHT DESCRPTION ABERCROMBIE & FITCH CO-CL A UNSOUCITF_D SYMEICL.DUSP ANF Beer. Saea•ns SOC‘nt4T1 COO. 0re Metsolech Contm North Becdoon. New Ye* I1201.38S9 EPSTEIN INTERESTS STATEMENT PERIOD September 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER KAMER Co File LAST STATEMENT August 31.2005 C:WM PRCE DEBIT AMOUNT CREDIT AMOUNT 1O.OOO 54.78OOO 548.4O5.OO TOTAL $.548.4O5.OO DEPOSITS AND WITHDRAWALS DATE TRANSACTel DESCRITTON DEBIT AMOUNT' CREDIT AMOUNT O9/2O/O5 FND WIRED MDAiI DS WIRED TO 5O.OOO.OO ANK. NA FD#O2822 TOTAL $.5O.OOO.OO 027 IO0105:11:50 001 V896 EFTA00195258 CLEARED 1HRWGH niCkLY 1nE0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 6 Transaction Detail (continued) Beer. SZeirns SON, t4,1 COO. Cc* Momloch Contm North Becck/on. New Year 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD SC0801001 1,2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER AILIMER Co File MONEY FUND ACTIVITY DATE MCVDAT TRANSICIKN DESCRIPTION SYMBOUCIAIP GUMMY PRIDE LAST STATEMENT DEBIT AMOUNT August 31.2005 CREDIT AMOUNT 09/01/05 OPENINGBALANCE 667,544.17 09/01/05 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICXX 1.864.41 INSTITUTIONAL SHARES MONTHLY DIVIDEND 09/01/05 REINVEST DREYFUS CASH MANAGEMENT-CL A MCA 1.864.41 1.864.41 INSMUTIONAL SHARES DIVIDEND REINVEST 09/12/05 SOLD DREYFUS CASH MANAGEMENT-CL A DICXX -548.405 1.0000 548.405.00 INSMUTIONAL SHARES 09/20/05 SOLD DREYFUS CASH MANAGEMENT-CL A DICXX -50.000 1.0000 50.000.00 INSRTUTIONAL SHARES 09/30/05 CLOSINGTIALANCE 71.003.58 TOTAL $-1.864.41 $6D0.269.41 027 10,0105:11:50 001 V896 EFTA00195259 CLEARED THROUGH ITS vnIOLLY OW,.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 7 Your messages Bear, Stearns Securities Corp, Net Capital and Net Capital Requirements: At May 31, 2005 and July 31, 2005, the Company's net capital of approximately $4,1 billion and $3,9 billion was approximately 6% and 7% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $1.3 billion and $1.1 billion by approximately $2,8 billion and $2,8 billion, all respectively, A complete copy of the Bear, Stearns Securities Corp, Statement of Financial Condition is available on the web site wtvw,bearsteams,com, Alternatively, to request a free printed copy please call • toll free 1.866.299.9331. Beer. SZeirns S0C,r,htl Dap. 0 -4 Mon:tech Cantm North Beccioon. New Year I1201.38S9 EPSTEIN INTERESTS STATEMENT PERIOD September 1,2005 THROUGH September 30.2005 ACCCUNT NUMBER TAXPAYER WESER OR File LAST STATEMENT Maus/ 31.2005 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 100105:11:W 001 VS96 EFTA00195260 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 8 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 S0N, t4,1 Sap. Ore Mon:tech Cantm North Beccidon. New Tuft 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD September 1,2005 THROUGH September 30.2005 ACCCUNT NUMBER TAXPAYER WESER On Flk LAST STATEMENT August 31.2005 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 100105:11:50 001 V896 EFTA00195261 CLEARED THRCOGH ITS YnICI.LY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York Nan York 10179 ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE LICHERMAN.IRA O. IA1 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 MCNEY MARKET FUND BALANCE lllll MULISH 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 667,544 Cash & Equivalent NET EQUITY THIS PERIOD $667,544 NET EQUITY LAST STATEMENT 665,772 CHANGE SINCE LAST STATEMENT 1,772 'Tres patrol* mcludin ono or mom urpricca seoureos Peat we not Mooted n to Taal Yana of Seouraos era the Nor Eva MR Panel There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Nome moon tiny &Tawas a canamot al clwas or ;WM, macekd ae <Mimes to tax Clime Somwee el ekte04.1.2e. a wee to Clown Smites at Beta. Stearn Saddles Cap.. Ono Lloyoloch Cooler North. atoosan. N.Y. II201,385. Market Value of Your Portfolio Current market value 03 Last statements market value I $667.544 $665,772 808f. Steam& Car0. Cc* Llevolech Cornet North 8mck/on. New Yak 11201.1859 EPSTEIN INTERESTS STATEMENT PERIOD July 30.2005 THROUGH August 31.2005 ACCOUNT NUMBER TAXPAYER AVIA3ER On File LAST STATEMENT July 29. 2005 ST Tits Pawl a ntornunenn piamoses wry It Is fa needed na tat docusuct Des Ratirnitri shots! be Maned Ice yew records Sn memo* to, realest re: mum 027 000105:13:27 001 Y895 EFTA00195262 CLEARED 1NROUON RS YrisekLY 0"E0 SUBSIDIARY Beer. SZeirns SON, t4,1 COO. Ceol.letsolech Cantot North Beccidon. New Ye* 11201.3859 EPSTEIN INTERESTS 2 of s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0201MS:10:27 001 Y895 EFTA00195263 CLEARED THRWGH ITS niCkLY CAM•E0 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 PERIOD MS PENN/ YEAR TO DATE Opening Balance $0.00 Dividends 1.772.51 11,769.14 Money Fund 1.772.51 Total $1,772.51 $11.769.14 Amount Credited 81,772.51 Money Fund -1.772.51 Portfolio Composition Amount Debited $.1.772.51 CashCash Equivalent 667.544 Closing Balance $0.00 Total $667.544 Your Portfolio Holdings CASH & CASH EQUIVALENTS IMAMS ESTIMATED CURRENT MERSIN'S VAIBOUEUSIP QUANTITY MICE VALUE MNUM. INCOME Yee) IN: DREYFUS CASH MANAGEMENT-CL A DICXX 667544.17 1.0000 667.544 21.361 3.1999 INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 3,34001, TOTAL CASH & CASH EQUIVALENTS $667.544 $21,361 027 0201MS:13:27 001 Beer. Screams SON, t4,1 COO. Ore Meseloch Contof North Brock/on. New To* 112013959 EPSTEIN INTERESTS STATEMENT PERK* Jug 30.2005 THROUGH August 31.2005 ACCOUNT NUMBER TAXPAYER KINSER On File LAST STATEMENT July 29.2005 Your Portfolio Allocation Cash & Equivalent- 100% Unt"ocied Groans Oen,* oat Dion", "nee Or, male wive, 'rho 510",""" ;event'', 6,0w," Iron Ve otwol.te market rat), al >vv palkno Y895 EFTA00195264 CLEARED THROUGH ITS Rutty" OOPEO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New 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. cescarsoN BANPAIS SA-SPONSOREDADR REPSTG 6 SER L SHS Total Equities& Options sYmeaforsip BPIBY ACCT TYPE CASH OUATIRTY 20.000 PRCE Untanned MARKET ESTRUM) CURFEW VALLE ANATOL INCOME YEW IPti $0 $0 TOTAL EQUITIES $0 $0 YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME 821.361 YOUR PRICEDPORTFOLIOHOLDINGS 6667,544 Transaction Detail MONEY FUND ACTIVITY DATE MCIOAT TRANSACTION DESCRIPTION 07/30/05 OPENINGBALANCE SYMBOULUSIP OVANTRY PRICE 665.771.66 Beer. SZeirns SONR*1 COP Cc* Momtech Canto North Becdoon. New Teo 11201.3859 EPSTEIN INTERESTS STATEMENT PERK* JuD 30.2005 THROUGH August 31.2005 ACCCUNT NUMBER TAXPAYER M. TER On Ale LAST STATEMENT Jut/ 29.2005 MIT AMOUNT CREDIT AMOUNT 08/01/05 DIVIDEND DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND DICA 1,772.51 027 0901MS:13:27 001 V893 EFTA00195265 CLEARED THRWGH ITS VIIleklY 0" ED 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) 808f. Saee•ns S0N, t4,1 Cap. Ore Meesetech Cella North Beccidon. New Yak 11201.3859 EPSTEIN INTERESTS STATEMENT PERK* Jul/ 30.2005 THROUGH August 31.2005 ACCOUNT NUMBER TAXPAYER AMBER On PIM LAST STATEMENT Jul/ 29.2005 DATE MOIMT TPANSACTKN DESCRIPTCN SYMBOUCVSIP WAARSY PRCE DEBIT AMOUNT CREDIT AMOUNT 08/01/05 REINVEST DREYFUS CASH MANAGEMENT-Cl. A DOC< 1,772.51 1,772.51 INSTITUTIONAL SHARES DIVIDEND REINVEST 08/31/05 CLOSINGBALANCE 667544.17 TOTAL $.1.772.51 $1 ,772.51 Endo( Statement 027 09,01'05:13:27 001 Y895 EFTA00195266 CLEARED THROLGH ITS YilIC(1.Y OMER 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 LICFIERIvIAN.IRA 67AV uea'stearns.cOM What's In This Statement Financial Summary 3 Your Portfolio Holdings 3 Transaction Detail 4 Fund Activity 4 Your Portfolio at a Glance MCNEY MARKET FUND BALANCE 11111 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 665,772 Cash & Equwalent —j NET EQUITY THIS PERIOD $665,772 NET EQUITY LAST STATEMENT 664.165 CHANGE SINCE LAST STATEMENT 1,607 'Ms paean mcludes cno or more canoed warn Mac so nu Memo] n Me Total Vac' of S*0.0001 and In. Na Ever Ms Ponca There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Phase WPM Off/ Offereme a nuwezect el chicks o ;WkM, ntIrcekd as delnereri IS yOU. Is GSM Somas eI $00-034047e. or wee to Cram Servees at Ben. Stearn, Sectaries Cap.. Ono lAeVolocli Cooler Nuts. B1004hfl N.Y. I mot-sess Market Value of Your Portfolio NM Current market value BM Last statements Market value $665.772 $664,165 Beer. Steams SOC,M*1 Corp. Cc* Metaled, teeter HORN eftd001. New Yoh 1120I.0USD EPSTEIN INTERESTS STATEMENT PERK* Jul/ 1.2005 THROUGH Jul/ 29.2005 ACCOLNT NUMBER TAXPAYER AMMER On File LAST STATEMENT June 30.2005 St ThS summary fOr dormer:0nel peewees only an not /land as a tar Owner Ts statanorc should be retailed to your records See reverse cafe for modem reamaten 027 02300510:09 001 V895 EFTA00195267 CLEARED 1NROUON RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, 14,1 COO. Ceol.letioloch Cantot North Broeklln• New Ye* 11201.3859 EPSTEIN INTERESTS 2 of s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 D7/3005:10:09 001 Y895 EFTA00195268 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Nee York 10179 3 al s Cash Flow Analysis Income Summary THIS PERICO MS PERIOD YEAS TO DATE OpeningBalance $0.00 Dividends 1.60705 9,996.63 Money Fund 1,607.05 Total $1,607.05 $9.996.63 Amount Credited $1,607.05 Money Fund -1.607.05 Portfolio Composition Amount Debited $-1.607.05 CashICash Equivalent 665.772 Closing Balance $0.00 Total $665,772 Your Portfolio Holdings CASH & CASH EQUIVALENTS /MARS ESTIMATED CURRENT DESCRPSON VAIBOUCUSIP QUANTITY FACE VALUE MN M. INCOME Y8.0 I'. DREYFUS CASH MANAGEMENT-CL A DICXX 665,771.66 1.0000 665,772 19.307 2.8999 INSTITUTIONAL SHARES EST, 30 DAY AVG MELD 3.2000% TOTAL CASH & CASH EQUIVALENTS $665,772 $19.307 Beer. Screams S0C,,44,1 Cap. Ore Mem:tech Conte NOM BredCon. New To* 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD July 1.2005 THROUGH July 29.2005 ACCOUNT NUMBER TAXPAYER AVAMER On File LAST STATEMENT June 30.2005 Your Portfolio Allocation Cash & Equivalem- 100% UntPooed Porno's Ott* coot tnience *nee Iho•I male vela, ha ;stormy,' ;event'', ty toot, from to 00191/e motel rat), al >vv p tkno 027 O7.3OD51O:O9 001 V895 EFTA00195269 CLEARED THROUGH ITS ?DIM? ODPEO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Nee York 10179 4 v/ 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, cescarsoN BANPAIS SA-SPONSOREDADR REPSTG 6 SER L SHS Total Equities& Options sYmeaforsip BPIBY ACCT TIN CASH OVANSTY 20.000 PRCE Unpriced MARKET ESTE/417EO CURFEW VALLE ANATOL INCOME YEW IPti SO SO TOTAL EQUITIES SO SO YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME 319,307 YOUR PRICEDPORTFOLIOHOLDINGS $665,772 Transaction Detail MONEY FUND ACTIVITY DATE M00AY TRANSACTION DESCRIPTION 07/01/05 OPENINGBALANCE SYMEO/CUSIP OVANTRY RACE 664,164.61 Beer. Saea•ns SOC,P,PRI COO. Cc* Mevolech Cardm North Beccidon. New VC* 112013959 EPSTEIN INTERESTS STATEMENT PER100 JO/ I. 2005 THROUGH Jul/ 29.2005 ACCCAINT NUMBER TAXPAYER NLIUSER OR File LAST STATEMENT June 30.2005 CENT AMOUNT CREDIT AMOUNT 07/01/05 DIVIDEND DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND DICA 1,607.05 027 07.3DOS:10:09 001 '.895 EFTA00195270 CLEARED THRWGH ITS niCkLY 0%1P.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) Beet. Saee•ns COO. CeolTevetech Cella North Beccidon. New VC* 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD Juit 1.2005 THROUGH Jukf 29. 2005 ACCOUNT NUMBER TAXPAYER NLIUSER OR File LAST STATEMENT June 30.2005 DATE MOAT TPANSACTKN DESCRIPTCN SYMBOUCVSIP cvAlany PRICE DEBIT AMOUNT CREDIT AMOUNT 07/01/05 REINVEST DREYFUS CASH MANAGEMENT-Cl. A DCCC 1,607.05 1,607.05 INSTITUTIONAL SHARES DIVIDEND REINVEST 07/29/05 CLOSINGBALANCE 665.771.66 TOTAL $-1.607.05 $1.607.05 End of Statement 027 074605:10:09 001 Y895 EFTA00195271 CLEARED THROWN nS WIlC Otb.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. New York 10179 ACCOUNT EXECUTNE TELEPHONE VISIT OUR WESSITE ZICHERMAKIRA IAV 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 IIIIIIIIIIIII lllll I11111111111111111111111111111111111111111 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 664,165 Cash & Equivalent — NET EQUITY THIS PERIOD $664,165 NET EQUITY LAST STATEMENT 662,207 CHANGE SINCE LAST STATEMENT 1,958 'This patrol* motorists a,* or mom urprbe5 seournos Tat aro ma Moab n te Taal Yana of Soanos era Ma Na Emmy This Para There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Please moat eiff cinambe a caboomb of *mob or Oxks. anlicakd 6,i:banned It you. b Climl Saba/ el (0)(44.1428. a wits lo Clain Savrahs at Bear. Steen &boles Cap.. Ono 1.1broloch Cooler Norlh. mom% N.Y. 11201-3859. Market Value of Your Portfolio Current market value tligl Last statements market value $664.165 $662.207 Beet Sreabs SOC,rbtl Cory. Ce4 Metmlech Carnet North beacon. New Tait 11201.1859 EPSTEIN INTERESTS STATEMENT PER•00 June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT May 31.2005 armaTY a fa danlabOmal pyposes My Us rut sanded as a tat O0Cullett Tin itatesnerC Should be retailed for your reCOrOS Set mom Se fa nonage rexmacue 027 07/01.05:10:42 001 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. Y8931P EFTA00195272 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SBN•Itkl COO. Ceol.letsolech Cantot North Broeklln• New Ye* 11201.3859 EPSTEIN INTERESTS 2 of s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 07'01.135:10:42 001 Y89218 EFTA00195273 CLEARED THRWGH ITS CAM‘ED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 3 cis Cash Flow Analysis Income Summary THIS PERIOD ITC PERIOD YEAS TO DATE Opening Balance $0.00 Dividends 1,957.55 8.389S8 Money Fund 1,957.55 Total $1.957.55 $8,389.58 Amount Credited $1,957.55 Money Fund -1.957.55 Portfolio Composition Amount Debited $-1,957.55 CashlCash Equivalent 664,165 Closing Balance $0.00 Total $664,165 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRPTION SYMBOUCUSIP DREYFUS CASH MANAGEMENT-CL A DICXX INSTITUTIONAL SHARES EST. 30 DAY AVG YIELD 3.0400% TOTAL CASH Si CASH EQUIVALENTS OUANT1TY 664,164.61 MONET ESTIMATED CURRENT PRICE VALUE WAHL WOW YELO 1.0000 664,165 19.261 2.9000 5664.165 $19.261 027 07'01.13S:10:42 001 Beer. SZeirns S0N, t4,1 Cory. Ore Ma I cc II Conte NOM Becci0on. New Pelt I1201.38S9 EPSTEIN INTERESTS STATEMENT PERK* June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER NLIUMER On File LAST STATEMENT May 31.2005 Your Portfolio Allocation Cash A. Equivalenl- 100% Um/road romans eon,* oar Deena onto* Iho•I male vela, The Moresm ;event'', ty awed Irvin to obsol.te market rat), pi 'CV POrtkal. Y893tP EFTA00195274 CLEARED THROUGH ITS WHOLLY OW,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 (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 mvw,bearstearns,com or can call (800) 517-2327 to request that a copy of this research be sent to them. otscsesou BANPAIS SA-SPONSOREDADR REPSTG 6 SER L SHS Total Equities& Options snisaicuse BPIBY ACCT iKE CASH OVANI1TY 20.000 PRCE Unpriced MARKET ESTRUM CURFEW VALLE ANNUAL INCOME YEW lYti $0 $0 TOTAL EQUITIES $0 $0 YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME $19,261 YOUR PRICEDPORTFOLIOHOLDINGS $664,165 Transaction Detail MONEY FUND ACTIVITY DATE MOOAT TRANSACTION DESCRIPTION 06/01/05 OPENINGBALANCE SYMEO/CUSIP OUANMY PACE 662.207.06 Beer. Saea•ns SON, 14,1 Cory. Cc* Mevolech Center North Beccidon. New Tuk 11201.3859 EPSTEIN INTERESTS STATEMENT PER100 June 1.2005 THROUGH June 30.2005 ACCCUNT NUMBER TAXPAYER MASSER On Flk LAST STATEMENT May 31.2005 CENT AMOUNT CREDIT AMOUNT Ct6.101/05 DIVIDEND DREYFUS CASH MANAGEMENT-CL A INS11TUTIONAL SHARES MONTHLY DIVIDEND DICCL 1.957.55 027 Wi01.135:10:42 001 VOIR EFTA00195275 CLEARED THROUGH ITS YrisekLY OLLAE0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. Nee York 10179 5 v, Transaction Detail (continued) MONEY FUND ACTIVITY (continued) Beet. Saea•ns SON, t4,1 Gap. Ore Mevolech Contof North Becck/on. New Ye* 11201.3859 EPSTEIN INTERESTS STATEMENT PERK* June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER AVUSER On File LAST STATEMENT May 31.2005 DATE MNDAY TRANSACTION DESCRIPTCN SYMEAJCWIP cormny PRCE 0031T AMOUNT CREDIT AMOUNT 06/01/05 REINVEST DREYFUS CASH MANAGEMENT-Cl. A DOC( 1,957.55 1,957.55 INSTITUTIONAL SHARES DIVIDEND REINVEST 06/30/05 CLOSINGBALANCE 664.164.61 TOTAL $-1.957.55 $1.957.55 Your messages Bear Steams receives payments or other remuneration from the advisers, distributors or other affiliates of certain of the mutual funds available through Bear Steams. Such payments or remuneration are for administrative, technological or other services provided in connection with fund accounts and are generally calculated based on the amount of assets held in the accounts. Such payments or other remuneration are in addition to shareholder servicing and distribution fees that Bear Stearns may receive. Funds whose affiliates do not make payments to Bear Steams, including funds that may pay a higher or lower return, may be available to you. Endo( Statement 027 ODOM15:10:42 001 Y893IP EFTA00195276 CLEARED THROUGH I1S WHOLLY CAW.E0 SUBSIDIARY BffiR STffiRNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New York New York 10179 ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE LICHERMAN.IRA ii/A1 u e ar stearrts .com What's In This Statement Financial Summary 3 Your Portfolio Holdings 3 Transaction Detail 4 Fund Activity 5 Your Portfolio at a Glance MONEY MARKET FUND BALANCE 662,207 Cash & Equivalent NET EQUITY THIS PERIOD $662,207 NET Earn LAST STATEMENT 810,425 CHANGE SINCE LAST STATEMENT -148,218 •Tnic palfolb dicludos cra or more Lepnoaa ~nos Mat are not roloaca n to> Taal Yana ol ~Dos ara Mo Na EC0My Rh Pored There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Plano woad en/ 05~ e• ~ant of ~as or okam ntlictikd as ifeinme4 lo ITo. to Clime Son,ote el IMUS14.1428. a we/ to Mem Serrnes at Bern Secarre &memos Cap.. Ono Lloyoloch Conga Honk Mahn. N.Y. 11201-3 a. lllll 11111111.11111111111111111111111111111111.1 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 5662 207 me Current market value §ffli Last statements market value 5810.425 Beer. Stavin Senriliti COO. Oro kletsolech Confer North Beccidon. New rue 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD April 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER MAGER On File LAST STATEMENT April 29.2005 al nos snarl 5 klInhenUInnsl proems an k as a tat dcarnirre }Ni interned should be Maned IN yaw records See warn sida fir wooded neconardo 027 DSO1.O5:O9:O3 001 Yale EFTA00195277 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 06005:09:M 001 Y878 EFTA00195278 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 3 Beer. Screams Secv, t.ti COO. 0-4 Momloch Corer NOM Beano. New Toot I1201.38S9 EPSTEIN INTERESTS STATEMENT PERIOD *11 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER MAWR On File THIS PERIOD TASPERICO YEAR TO DATE LAST STATEMENT *11 29.2005 OpeningBalance $0.00 Dividends 1,781.58 6,432.03 Money Fund 151.781.58 Total $1,781.58 $6,432.03 Amount Credited $151,781.58 Money Fund -1.781.58 Portfolio Composition Funds Withdrawn -150.000.00 CaslvCash Equivalent 662,207 Amount Debited $-151,781.58 Total $662,207 Closing Balance $0.00 Your Portfolio Holdings Your Portfolio CASH & CASH EQUIVALENTS Allocation MARRS ESTIMAIED CURRENT DESCP., 10U $ 'NMI. C,,V, OUANTTTY PRICE VALUE MMIAL INCOME YELD 14) DREYFUS CASH MANAGEMENT-CL A DICXX 662,207.06 1.0000 662,207 17,217 2.5999 INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 2,9090% TOTAL CASH & CASH EQUIVALENTS $662,207 $17,217 Cash & Equiva!er+ 100% Untletled prove ciente. Oar "nonce onto* "el mete vela, The element. ;event'', tepee." Item Ve etwol.te market rat), pi )VV 027 06010S:09:M 001 YSTS EFTA00195279 CLEARED THRWGH ITS WHOLLY CAM,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 (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, cescarsoN BANPAIS SA-SPONSOREDADR REPSTG 6 SER L SHS Total Equities& Options SMIBCIJOJSIP BPIBY ACCT TKE CASH OUATERTY 20,000 PRCE Unpriced MARKET ESTRUM) CURFEW VALLE ANNUAL INCOME YEW lYti $0 $0 TOTAL EQUITIES $0 $0 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $17.217 YOUR PRICEDPORTFOLIOHOLDINGS $662.207 Transaction Detail DEPOSITS AND WITHDRAWALS DATE TRAAISACTCN DESCAriCti 05/31/05 FND WIRED LOA*, NDSWIRED TO re% E BANK. NA DE817 AMOR 150,000.00 CREDIT AMOUNT TOTAL $-150.000.00 Beer. Saea•ns SON, 14,1 Cory. Ore Mevolech Contm North 0eock11n. New Teitt 1201.38S9 EPSTEIN INTERESTS STATEMENT PERIOD April 30.2005 THROUGH May 31.2005 ACCCUNT NUMBER TAXPAYER PANSER Cfl FIk LAST STATEMENT April 29.2005 027 06014S:09:C0 001 Y878 EFTA00195280 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 5 vi Transaction Detail (continued) 808f. Saea•ns S0N, t4,1 Cory. OtoMetsetech Cone m North Beccidon. New Ye* 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD *11 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER M.M3ER Ca File MONEY FUND ACTIVITY DA-E U3DAY TRA,JSACTA3v DESOTIPTIDN SYMBereCuSIP CUANTITY PRIDE LAST STATEMENT AW1I 29,2009 DEBIT AMOUNT CREDIT MADUNT 04/30/05 OPENINGBALANCE 810.425.48 05/02/05 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICXX 1.78138 INSTITUTIONAL SHARES MONTHLY DIVIDEND 05/02/05 REINVEST DREYFUS CASH MANAGEMENT-CL A DICXX 1,781.58 1,781.58 INSTITUTIONAL SHARES DIVIDEND REINVEST 05/31/05 SOLD DREYFUS CASH MANAGEMENT-CL A DICXX -150.000 1.0000 150.000.00 INSTITUTIONAL SHARES 05/31/05 CLOSINGBALANCE 662.207.06 TOTAL $-1.781.58 $151.781.58 End of Statement 027 06,01.05:09:03 001 Y878 EFTA00195281 CLEARED IHRCOM ValCkLY 0"E0 SUBSICNARY BffiR STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New York. NOW York 10179 ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE ZICHERMAN.IRA ei'm% ue ar stearnS.COM What's In This Statement Financial Summan( 3 Your Portfolio Holdings 3 Transaction Detail 4 Fund Activity 4 Your Portfolio at a Glance MONET MARKET FUND BALANCE 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 810,425 Cash Equivalent - Li t NET EOUITY THIS PERIOD $810,425 NET Eourry LAST STATEMENT 808,681 CHANGE SINCE LAST STATEMENT 1,744 'TNT pattono Locham cno ot mom urpncoa maxem Puc ro not Mmci n t4 Total Vas ol ~Mn ara the Noc fory Tris Parwa There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Pleme reps,. ewy (Werw«  rameceµ ol ~Om or ekmks. macaka m <komo to Iw. b Cleni Senne. el 800404.142e:  w* W Chwil Sames at Bera Skarm Stewa« Cap.. Ono Melmloth Centa North. Stoolbn. N.Y. II201-385.9. Current market rakle Ita Last statements market vak* I $810.425 5808.681 Bok. Stekas Seardat CatP One Metmlech Center North Beccidon. New rom I 12014859 EPSTEIN INTERESTS STATEMENT PERIOD April 1.2006 THROUGH April 29.2005 ACCOUNT NUMER TAXPAYER ISMER On File LAST STATEMENT March 31.2005 fln ~Mr/ n Ta mlerniThenll moms «dylin ml eman matar cloonrs Ths stattewra Onåd be ranna for your mords Ses mionu sa fix varnare ricematan 027 04300:153 1:24 001 7977 EFTA00195282 CLEARED 1NROUON RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, 14,1 COO. Ceol.letioloch Cantot North Broeklln• New Ye* 11201.3859 EPSTEIN INTERESTS 2 of s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 043005:11:24 001 Y877 EFTA00195283 CLEARED THRWGH ITS niCkLY 0"E0 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 DAS PEFICO MS PERICO YEAS TO DATE Opening Balance $0.00 Dividends 1.744.18 4,650.45 Money Fund 1.744.18 Total $1,744.18 $4.650.45 Amount Credited $1,744.18 Money Fund -1.744.18 Portfolio Composition Amount Debited 8.1 744.18 CashCash Equivalent 810.425 Closing Balance $0.00 Total $810.425 Your Portfolio Holdings CASH & CASH EQUIVALENTS MORS ESTIMATED CLAPEM DESCRPRON SEMBOLTUSIP OUANTITY PRICE VALUE NAVAL 14CCl/E YEt0 IN: DREYFUS CASH MANAGEMENT-CL A DICXX 810,425.48 1.0000 810.425 20.261 2.5000 INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 2.6900L,, TOTAL CASH & CASH EQUIVALENTS $810.425 $20.261 Beer. Screams SOC,M*1 COO. OtoMetsolech Conte North BecciCon. Hew Volt 112013859 EPSTEIN INTERESTS STATEMENT PERIOD NW 1. 2005 THROUGH 29.2005 ACCOUNT NUMBER TAXPAYER MAURER OR File LAST STATEMENT Mardi 31.2005 Your Portfolio Allocation Cash & Equivalenl- 00% UMPOONI romans cent,* oat beano* *nee Or, male vela, The elemsm ;event'', to clewed from to 001.01.te market rat), al >vv p tkno 027 04.30,05:11:24 001 V877 EFTA00195284 CLEARED THROUGH ITS 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Nee 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, DESORPTION BANPAIS SA-SPONSOREDADR REPSTG 6 SER L SHS Total Equities& Options smeadcusip BPIBY ACCT iKE CASH OLIAMRTY 20,000 PRCE Untanned MARKET ESTRUM) CURFEW VALLE ANNUAL INCOME YEW lYti $0 $0 TOTAL EQUITIES $0 $0 YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME $20,261 YOUR PRICEDPORTFOLIOHOLDINGS $810,425 Transaction Detail MONEY FUND ACTIVITY DATE MOAT TRANSACTION DESCRIPTION 04/01/05 OPENINGBALANCE SYMEO/CUSIP OUPNTRY PMCE 808,681.30 Beer. Saea•ns S0C,r44,1 Cory. 0-41km:tech Center North Beccidon. New Ye* 112013959 EPSTEIN INTERESTS STATEMENT PERI00 RPNI 1. 2005 THROUGH *11 29.2005 ACCCUNT NUMBER TAXPAYER WESER Cel File LAST STATEMENT MVO 31.2005 CENT AMOUNT CREDIT AMOUNT 04/01/05 DIVIDEND DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND DICA 1,744.18 027 04.30.0S:11:24 001 V877 EFTA00195285 CLEARED THROUGH OS 'roomy OMEO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Nee York 10179 5 v, Transaction Detail (continued) MONEY FUND ACTIVITY (continued) 808f. Saee•ns SON, t4,1 Cap. Ceol.levelech Cella HORN Beccidon. New Tuft 11201.3859 EPSTEIN INTERESTS STATEMENT PERI00 NW 1.2005 THROUGH *11 29.2005 ACCOUNT NUMBER TAXPAYER MASSER Cn File LAST STATEMENT March 31.2005 DATE MOAT TRANSACTION OESCRIPTCN SYMEAUCVSIP CAMNITY PRCE OMIT AMOUNT CREDIT AKIN, 04/01/05 REINVEST DREYFUS CASH MANAGEMENT-CL A DOC( 1,744.18 1,744.18 INSTITUTIONAL SHARES DIVIDEND REINVEST 04/29/05 CLOSINGBALANCE 810.425.48 TOTAL 5.1.744.18 51.744.18 End of Statement 021 043005:11:24 001 Y877 EFTA00195286 CLEARED IHRCOGH 11S Vi11CtLY OW•E0 SWIISIDIARY BMR STMRNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 ACCOUNT EXECUDVE TELEPHONE VISIT OUR WEBSITE LICHERMAN.IFIA iVIAV uearstearrts.com What's ln This Statement Financial Summary 3 Your Portfolio Holdings 3 Transaction Detail 4 Fund Activity 5 Your Messages 6 Your Portfolio at a Glance MCNEY MARKET FUND BALANCE IIIIIIIIIIIIIIIIIIfI1111111111111II11111111I1111I1III111111I EPSTEIN INTERESTS DTD 12/26/91 JEFFERY E EPSTEIN & MARK L ' EPSTEIN & WILLIAM ELKOS TTEES 457 MADISON AVENUE 4TH FUR NEW YORK NY 10022-6843 808,681 Cash 8 EquIvaleni — NET EOUITY THIS PEIRCE, $808,681 NET EOUITY LAST STATEMENT 832,238 CHANGE SINCE LAST STATEMENT -23,557 •ms Eure° inciudes cre ol mont trprioca axue/os uJf Wo Maori in te Total Veut a Soeur»: ara Mo N« &luge MN Porc« There are no 'Stop Loss' orders or other pending buy or self open orders on file for your account. Hesse lapon en, clecterce a menant ol Pte*, o tecks. encorkd re derarred io you. lo Client Sonweo on 8)0611.1428: a fflte W Clam Serrer» et Ses. Stature Srçornas Cap.. Con Monloch Conga North. 'amatie,. N.Y. 11201-395. Market Value of Your Portfolio Mi Cuvent market value en Lest maternants market value S808.681 S832.238 Boer. Szeavn Sec,rxt SN> Oro Metsolech Carnet North Decrorn. New YEN n201-3859 EPSTEIN INTERESTS STATEMENT PER•00 Match 1.2005 TNROUGH Match 31.2005 ACCOUNT NUMBER TAXPAYER mAscri On File LAST STATEMENT February 28.2005 5111 Tin %MT. ri 15 lur erenderul reposes caly Is n:4 /land enter document Tfes sulernern show be manad for your records See reverse suie for nain MO= K•1 027 Oetri05:09:49 001 YeTS EFTA00195287 CLEARED 1HROUGH 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 0.1,01.05:09:49 001 11878 EFTA00195288 CLEARED THRWGH ITS ?RIMY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 3 Beer. Screams Secipititi COO. Cc* Mos I cc II Conte NOM Beccidon. New Ye* 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD THROUGH ACCOUNT NUMBER March 1.2005 March 31.2005 Cash Flow Analysis Income Summary TAXPAYER WESER On File THIS PERIOD 718S PERIOD YEAR TO DATE LAST STATEMENT February 28.2005 OpeningBalance $0.00 Dividends 1.443.37 2,906.27 Money Fund 26,443.37 Total $1.443.37 $2.906.27 Amount Credited $26,443.37 Money Fund -1.443.37 Portfolio Composition Funds Withdrawn -25.000.00 CaslvCash Equivalent 808.681 Amount Debited $-26,443.37 Total $808,681 Closing Balance $0.00 Your Portfolio Holdings Your Portfolio CASH & CASH EQUIVALENTS Allocation MARKET ESTIMAIED CURRENT DESCP, 'IOU $ NMI. C,,V, OUANTITY PRICE VALUE NVUAJ. INCOME VOID iro DREYFUS CASH MANAGEMENT-CL A DICXX 808,68120 1.0000 808.681 16,982 2.1000 INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 2.6700% TOTAL CASH & CASH EQUIVALENTS $808,681 $16,982 Cash 8 Equivaient- 1 00% Um/road ratans eon,,, oar Diono, *nee Or, male wive, The olnoom ;event'', ty awed from to 00101.te market rat), oi POrtkal. 027 0.0145:09:49 001 V876 EFTA00195289 CLEARED THROUGH ITS wHOLLY OMTLE0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 4 c, 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 PAARKE7 ESTIMATED CURFEW DESORPTION VAIBOLTUSIP T,Tt OUANSTY 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 PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $16,982 YOUR PRICEDPORTFOLIOHOLDINGS $808.681 Transaction Detail DEPOSITS AND WITHDRAWALS VE TRANSACT Or. DESCRP'ICH DEBIT AMMAR CREDIT AMOUNT 26.000.00 03,28,05 FNO WIRED Iv1DA# NDSWIRED TO S ASE BANK NA FE05600 TOTAL $25.000.00 808f. SZeirns S0N, 14,1 COO. Ore Metsolech Cantm North Beccidon. New Ye* 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER NLIUSER On File LAST STATEMENT February 28.2005 027 0.01.05:09:49 001 1,878 EFTA00195290 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 5 Transaction Detail (continued) STATEMENT PERIOD March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER AVUSER On File MONEY FUND ACTIVITY DATE LAST STATEMENT Fading 28.2005 MODAY TRANSACT/3N DESCRIPTION SYMBOUCIAIP °Avant PRICE DEBIT AMOUNT CREDIT AMOUNT 03/01/05 OPENINGBALANCE 832,237.93 03/01/05 DIVIDEND 03/01/05 REINVEST DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND DREYFUS CASH MANAGEMENT-Cl. A DICA MCA 1,443.37 1.44337 1,44137 03/28/05 SOLD INSTITUTIONAL SHARES DIVIDEND REINVEST DREYFUS CASH MANAGEMENT-Cl. A DICA -25.000 1.0000 25.000.00 03/31/05 INSRTUTIONAL SHARES CLOSINGRALANCE 808.681.30 TOTAL 8.1.443.37 $26.443.37 Beer. SZeirns SON, 14,1 COO. Ore Mevolech Contof North Beccidon. New Year 11201.3859 EPSTEIN INTERESTS 027 04)01.05:09:49 001 Y878 EFTA00195291 CLEARED THROUGH ITS niCkLY CAM•E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 6 v, Your messages Bear, Stearns Securities Corp, Net Capital and Net Capital Requirements: At November 30, 2004 and January 31, 2005, the Company's net capital of approximately $3,8 billion and $3,8 billion was approximately 6,4% and 6,3% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $1,2 billion and $1,2 billion by approximately $2,6 billion and $2,6 billion, all respectively, A complete copy of the Bear, Stearns Securities Corp, Statement of Financial Condition is available on the web site wtvw,bearsteams,com, Alternatively, to request a free printed copy please call - toll free 1.866.299.9331. End of Statement Beer. SZeirns SON,14,1 Dap. OtoMetsolech Contm North Becck/on. New Year 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD March 1.2005 THROUGH March 31.2005 ACCCUNT NUMBER TAXPAYER WESER CO File LAST STATEMENT February 28.2005 027 04)0145:09:49 001 Y878 EFTA00195292 CLEARED IIIRC4JOH US YilleklY 0‘1O.E0 SUOSIOMAY BffiR STffiRNS OFFICE SERVICING YOUR ACCOUNT Boar. Stearns & CO. Inc. 383 Madison Avenue New York, New York 10179 ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEEISITE ZIC;HERNIAN.IRA ww‘‘ uearstearns.corn What's In This Statement Financial Summary 3 Your Portfolio Holdings 3 Transaction Detail 4 Fund Activity 4 Your Portfolio at a Glance MONEY HARKET FUND BALANCE ,,,, 'HUMI D I I I I , A 11 I 1 II 11_11 11 11 AI IA 111 II III 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 832,238 Cash & Equvalent — NET EOUITY TIVIS PERIOD $832,238 NET EIXUT/ LAST STATEMENT 830.775 CHANGE SINCE LAST STATEMENT 1,463 'TOM Nordbo «ludo. emo or moro 'dømd ocwirelos Mor so /*Mao] in Mo Total Varma ol Socraloo ard Mo Na Equcy Ms Ponect There are no 'Stop Loss' orders or other pending buy or seil open orders on file for your account. Plene mpon oro 0ffererce  oconecemt ol *avis o okmlM, milictekd eat dernmeol lo ya.s. lo Cio« Same« ot 1100-634.1428:  orO, lo Glei. Savcoo at Be.'. Stcorro &cool« Cap.. Ono Molmioth Conlor Nom. litiooN)n. N.Y. 11201-395. 9.(aturll). Current merket vakte 1M Last statements merket valne $832.238 $830,775 Best. SreamS S00,riti.1 Ceq>. Co* Ikon:teol+ Center North Beccid,n. New Tok 11201.3859 EPSTEIN INTERESTS STATEMENT PERU° YEINUEN 1,2005 THROUGH Februar./ 28.2005 ACCOLNT HUMRER TAXPAYER RULADER On File LAST STATEMENT January 31.2005 SIK TRE ~BNR mfOrmatMfial ~ses enly It N rc< ~rand a ta. da:anla« IlIS itaternerC ShOuld ts• ~neo ter year mord; Sn revert* ra ta- rroodant ~toe 027 03.01,05:11:09 001 van EFTA00195293 CLEARED IHROUGH ITS vriseklY 0"E0 SUBSIDIARY 808r. Saee•ns SON, t4,1 Oa0. Ore lActsolech Cora ot North Brocklln• New VC* 11201.3859 EPSTEIN INTERESTS 2 of s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 OOOLO5:11:09 001 van EFTA00195294 CLEARED THRWGH ITS niCkLY ONnEO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 3 ci Cash Flow Analysis Income Summary THIS PERIOD 114$ PERM YEAR TO DATE Opening Balance $0.00 Dividends 1.46230 1,462.90 Money Fund 1.462.90 Total $1,462.90 $1.462.90 Amount Credited $1.462.90 Money Fund -1.462.90 Portfolio Composition Amount Debited $-1.462.90 CashCash Equivalent 832,238 Closing Balance $0.00 Total $832.238 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRPRON DTIBOLDISIP DREYFUS CASH MANAGEMENT-CL A DICXX INSTITUTIONAL SHARES EST, 30 DAY AVG MELD 2.34004 TOTAL CASH & CASH EQUIVALENTS DUMMY 832.23713 PRIZE 1.0000 IMRKET YMUE ESTIMATED CUAREM Anna/, IN:WE YEW 1%; 832,238 17.477 2.1000 5832.238 $17,477 027 030105:11:09 001 Beer. Screams S0N, 14,1 COD Ore Momtech Center North Decidon. New Tuft 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD February 1,2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER WESER OR File LAST STATEMENT January 31.2005 Your Portfolio Allocation Cash & Equivalent- 100% UmPooeil rotor's cienow oat 0lo, ce *NW Or, male wive, The eleven', ;event'', ty dewed from to 00101.te market rat), al Ku, POrtkal. van EFTA00195295 CLEARED THROUGH ITS OtM,E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New York, Nen York 10179 4 ri 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. otscsesou BANPAIS SA-SPONSOREDADR REPSTG 6 SER L SHS Total Equities& Options sYmeoucuse BPIBY ACCT iKE CASH OLIANI1TY 20.000 PRCE Worked MARKET ESTRUM) CURFEW VALLE ANNUAL INCOME YEW lYti $0 $0 TOTAL EQUITIES $0 $0 YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME 517.477 YOUR PRICED PORTFOLIOHOLDINGS $832.238 Transaction Detail MONEY FUND ACTIVITY DATE MWDAY TRANSACTION DESCRIPTION 02/01/05 OPENINGBALANCE SYMEClittISIP OUANTITY PRIDE 830.775.03 Beer. Saea•ns SON, 14,1 Cory. Ore Momloch Car:tog North BrodOpt New Ye* I1201.38S9 EPSTEIN INTERESTS STATEMENT PERIOD February 1,2005 THROUGH Fabius.). 28.2005 ACCCUNT NUMBER TAXPAYER WEBER On Foe LAST STATEMENT January 31.2005 CENT AMOUNT CREDIT AMOUNT 02/01/05 DIVIDEND DREYFUS CASH MANAGEMENT-CL A INS11TuTIONAL SHARES MONTHLY DIVIDEND DICA 1,462.90 027 03,01D5:1 1:09 001 V872 EFTA00195296 CLEARED THROUGH ITS niCkLY OLM.EO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Nee York 10179 5 v, Transaction Detail (continued) MONEY FUND ACTIVITY (continued) Beet Stea•ns Seceebel COO. Ore Momloch Cerra North Beccidon. New Ye* 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD February 1,2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER MAKER On PIM LAST STATEMENT January 31.2005 DATE MOAT TRANS...MN DESCRIPTICN STLIBOUCUSIP cvmmy PRICE DEBIT AMOUNT CREDIT AMOUNT 02/01/05 REINVEST DREYFUS CASH MANAGEMENT-Cl. A DCCC 1,462.90 1,462.90 INSTITUTIONAL SHARES DIVIDEND REINVEST 02/28/05 CLOSINGBALANCE 832,237.93 TOTAL $-1.462.90 $1 ,462.90 End of Statement 027 0101.05:11:09 001 Y872 EFTA00195297 CLEARED THROUGH ITS noCkLY 0"E0 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 LICHERMAN.IRA ee/AV nearstearns.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 IlllllllllIlllllllllllllllllllllllllllllllllllllllllllllllll 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 830,775 Cash & Equwalent — NET EQUITY THIS PERIOD $830,775 NET EQUITY LAST STATEMENT 829,424 CHANGE SINCE LAST STATEMENT 1.351 'Tres pyttolb mcludos ono or mom wooed vamooses tat We me Memo IT to Taal Vat of Seamos era Me Nx Equcy TNs Porta There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roza ropa1 ant dIfororeo a eastward of ctocks or sKKks. mmcoled as ckarofott to p5u. lo ClOol Sonic*. al 800614.1428: a ref to to Gloat Sonokos a Bow. Steam &comes Cap.. One 1.1flok•-li Cella Nor. BrooNyn. NY. II201-SOSS Market Value of Your Portfolio Current market value §2M1 Last statements market value I 8830.775 $829,424 Best. Stumm Sabra/el COO. Coo Lisommh Cadet North eeccidon. Hew Ye* 11201.3859 EPSTEIN INTERESTS STATEMENT PER•00 January 1.2005 THROUGH January 31.2035 ACCOuNT NUMBER TAXPAYER MANNA OTIFoe LAST STATEMENT December 31.2000 Ab• Tin annaPOSKK mfOTIMURel osmoses cabals not "'eroded assist 000.noett Tin staternec should be Maned for your records Sn rasa tads am mortar< iricemalcm 027 0201.06:07:55 001 Y870 EFTA00195298 CLEARED IHROUGH ITS vriseklY 0"E0 SUBSIDIARY 808r. Saee•ns SON, t4,1 Oa0. Ore lActsolech Cantot North Broeklln• New Ye* 11201.3859 EPSTEIN INTERESTS 2 of s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 02,01,05:07:55 001 V870 EFTA00195299 CLEARED IHR000H ITS vniC5LY 091.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 3 ri Cash Flow Analysis Opening Balance Money Fund 899. Szeavn SOCA8581 COG Ore Metniech Cantet North Go:kW% New Toot 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD January 1.2005 THROUGH January 31.2005 Portfolio Composition ACCOUNT NUMBER TAXPAYER MAGER On File 1)115 PERIOD Cashleash Equivalent 830.775 LAST STATEMENT December 31.2000 $0.00 Total $830375 1.351.01 Amount Credited $1.351.01 Money Fund -1.351.01 Amount Debited $-1.351.01 Closing Balance $0.00 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRFFION MMBOLGUSIP DREYFUS CASH MANAGEMENT-CI A DICXX INSTITUTIONAL SHARES EST. 30 DAY AVG YIELD 2.17001, TOTAL CASH & CASH EQUIVALENTS QUANTITY 830.775.03 'APES ESTIMATED CURRENT PRICE 'VALUE- MUM. INCOME VELD I%4 1.0000 830,775 16.616 2.0001 $830.775 $16.616 027 020105:07:55 001 Your Portfolio Allocation Cash & Equivalen1- 100% Untletled prove ciente. oar "nonce onto "el mete vela, The element. ;event'', tepee." Item Vo etnoMe market rat), pi >es Mlle", 1970 EFTA00195300 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 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. rescaenoN BANPAIS SA-SPONSOREDADR REPSTG 6 SER L SHS Total Equities& Options smeadcuse BPIBY AOCT INTE CASH OLIANRTY 20,000 PRCE Unpriced MARKET ESTRUM) CURFEW VALLE ANNUAL INCOME YEW I% $0 $0 TOTAL EQUITIES $0 $0 YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME 516.616 YOUR PRICEDPORTFOLIOHOLDINGS $830.775 Transaction Detail MONEY FUND ACTIVITY DATE MCVDAT TRANSACTIDN DESCRIPTION 01/01/05 OPENINGBALANCE SYMEIX/CUSIP MANN" PRICE 829.424.02 Beer. Saea•ns SON, t4,1 Cap. Ore Mem:tech Contec North DeafCon. New Ye* I I20I.38S9 EPSTEIN INTERESTS STATEMENT PER100 January 1.2005 THROUGH January 31.2005 ACCCUNT NUMBER TAXPAYER MASSER OR File LAST STATEMENT December 31.2004 CENT AMOUNT CREDIT AMOUNT 01/03/05 REINVEST DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVEST DICA 1,351.01 1,351.01 027 02,0I,05:07:55 001 V870 EFTA00195301 CLEARED THROUGH ns 'mirky, OHNE() SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New York, New York 10179 5 c, Transaction Detail (continued) MONEY FUND ACTIVITY (continued) DATE MOAT TPANSICTICN 01/03/05 DIVIDEND DESCRIPTCN DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES AMT INCLUDED IN 2004 - 1099 Beet. Szea•ns SOCA.* GNP Cc* Mem:1W+ Cella north aro:kW% Hew Tux 11201.3859 EPSTEIN INTERESTS STATEMENT PER100 January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER AMBER On Pile LAST STATEMENT December 31.2004 SYMECtiCtEIP OuNorry PRCE DEBIT AMOUNT CREDIT AMOUNT Oaf 1,351.01 01/31/05 CLOSINGBALANCE 830.775.03 TOTAL 8-1.351.01 $1,351.01 End of Statement 027 0201.05:07:53 001 1,870 EFTA00195302