EFTA00195303.pdf

Statements EFTA00195303 CLEARED THROUGH ITS ViHOU.Y 01MYED $11B901Ariv BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 INVESTMENT PROFESSIONAL ZICHERMAN.IFtA TELEPHONE VISIT OUR WEBSITE 4ww.bearstearns.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' MONEY MARKET RAND BALANCE lllll I I I I I I''lt IIItillillIll ll 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 a Egswarem $286.058 348.150 $283.909 286.058 00 $34 7.28.150 $33 Equities NET EQUITY THIS PERIOD $634.208 NET EQUITY LAST STATEMENT 621,109 CHANGE SINCE LAST STATEMENT 13,099 'Tho patrsto mcludes ere or more lorded maims Past we not retested nix Taal Yen of Smarms and We Na Equty This Period There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Flomte mon asor diferonoo a contacted el duds or MOCKS. fidlcaiod as dritrotta to you. lo Clem Sonic*. at 800E04-14211: a veto to Clam SONIC.. a Bow. Steam Sccumes Cap One Lletmlab Cents" North. BrooNyn NY 112014859 027 Current market value MO Last statement's market value Steams SMARR GOO. Clroo Mettotech Caner North Etrccidon. New Yak 1120/3859 EPSTEIN INTERESTS STATEMENT PERK* December 1.2006 THROUGH December 29.2006 ACCOUNT NUMBER TAXPAYER NUMBER On Pile LAST STATEMENT Weenies)r 30. 2006 Aan an 'Owen is kw stuesSerul Immo, coly It Is la "'eroded as a taw doom-tett Tess statement shose5 be retained for your records See reverses,* for or porton ricematce 1W30-060923 001 V003 II any information regarding 2006interest, dividends. miscellaneous income. gross proceeds or original issue discount is required to be reported to the IRS for this account. a Consolidated Form 1099will be mailed to you by January 31.20070r a 1042S by March 15.2007. EFTA00195304 CLEARED THROUGH ITS WHOLLY OWED SUBSIDIARY Beef. SOWN Secw$n GOO. One Me rotech Conte North 9co9201. New York 11201.3859 EPSTEIN INTERESTS 2 ol STATEMENT BACKER IS PRINTED ON THIS PAGE 027 12/3ONBA923 001 V003 EFTA00195305 CLEARED THROUGH ITS IMICUY (AWED SLISSIDIAAv BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 3 Cash Flow Analysis THIS PERIOD Income Summary 1116 PERIDO YEAR TO DATE Opening Balance $0.00 Dividends 2.149.08 11.504.33 Money Fund 1.274.08 Total 52 149.08 $11.504.33 Dividends/Interest 875.00 Amount Credited $2,149.08 Portfolio Composition Money Fund -2.149.08 Cash/Cash Equivalent 286.058 Amount Debited $-2.149.08 Equities 348.150 Closing Balance $0.00 Total $634.208 027 SW. steams se:wives coin Ono Mafrotech Conic. HORN Sicdtlin. Nay York 11201.3559 EPSTEIN INTERESTS STATEMENT PERIOD December 1.2006 THROUGH December 29.2006 ACCOUNT NUMBER TAXPAYER MASER OR Fee LAST STATEMENT Noventer 30.2006 Cash & Equivate 46% 1240060923 001 V003 Your Portfolio Allocation Equities 54% Unteeeti Preen, denote 000* OttenCe omit, shod Ticket vatos alocamn warm": is clawed Irom to amok*, (radon Wk,* os pr.e pallono. EFTA00195306 CLEARED THROUGH ITS 190ICUY OMIVED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 4 Your Portfolio Holdings CASH & CASH EQUIVALENTS WOO ESTIMATED CURRENT DESCRPOON SYMEIWCVSIP Owen PACE VALUE ANNUAL INCOME MITI%) DREYFUS CASH MANAGEMENT-CL A DICA 286,057.99 1.0000 286.058 14.589 5.1000 INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 5.1700% TOTAL CASH & CASH EQUIVALENTS $286.058 514.589 EQUITIES SW. steams settywes cow Ono Mafrobxh Conk. North Sccdtlin. New York 11201.3559 EPSTEIN INTERESTS STATEMENT PERIOD December 1, 2006 THROUGH December 29.2006 ACCCUNT NUMBER TAXPAYER AVSSER On File LAST STATEMENT NO/0SW 30.2006 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the 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 the BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed. where such research is available. The various providers use different ratings systems and have normalized them as follows: B = Buy; H = Hold: S = Sell (this may not always correspond directly to the underlying rating system used by each provider or BSC). The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal, or investment advice. Bear Steams is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent, third-party research on certain companies covered by the 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. DESCRATION SYMEIWCUSIP AOC! TTIT OUANOTT PRCE MARKET VALUE ESTIMATED ANNUAL INCOME CURRENT YEW 1%4 ABERCROMBIE & FITCH CO-Cl. A ANF CASH 5,000 69.6300 348.150 3.500 1.0053 BSC RATING: STOCK 0/SECTOR MW BUCKINGHAM RESEARCH RATING: BANPAIS SA-SPONSOREDADR SPIRT CASH 20.000 Unpticed REPSTG 6 SER L SHS Total Equities& Options $348.150 83.500 TOTAL EQUITIES $348.150 83.500 027 124006,3923 001 V003 EFTA00195307 CLEARED THROUGH ITS WHOLLY 0918ED SUSSIDIAFiv BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 5 c, Your Portfolio Holdings (continued) YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME $18.089 YOUR PRICED PORTFOLIOHOLDINGS $634.208 Transaction Detail MONEY FUND ACTIVITY see'. Stobn18 SMARM COr0 Ono Metrotoch Cont. North 9,cc4c9n. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD December 1.2006 THROUGH December 29.2006 ACCOUNT NUMBER TAXPAYER 084.03ER On FM LAST STATEMENT Novenuter 30.2006 1.13DAT TRANSACION CESCRIPTC(9 SYMECL,CLGIP 0.:853Cy PaCE CEPrt AAIOUNT CREDIT AMOUNT 12/01/06 OPENINGBALANCE 283.908.91 12101/06 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICXX 1.274.08 INSTITUTIONAL SHARES MONTHLY DIVIDEND 12/01/06 REINVEST DREYFUS CASH MANAGEMENT-CL A DICXX 1,274.08 1,274.08 INSTITUTIONAL SHARES DIVIDEND REINVEST 12/19/06 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICXX 875 1.0000 875.00 INSTITUTIONAL SHARES 12/29;06 CLOSINGBALANCE 286.057.99 TOTAL $.2.149.08 $1.274.08 027 124003,3923 001 V003 EFTA00195308 CLEARED THROUGH ITS YRICUy OWNED SLIEGIDIAAv BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New 7Ork New York 10179 6 c) Transaction Detail (continued) DIVIDENDS EWE DESORPTION 12:19106 ABERCROMBIE & FITCH CO.CL A REC 1I /2806 PAY 1216,06 see'. Stearn SOGNION GOT. One Ma rotoch Conic. North 9Tocklin. Now York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD Dertember 1.2006 THROUGH December 29.2006 ACCOUNT NUMBER TAXPAYER WEIMER On File LAST STATEMENT NOvernter 30.2006 RYA(SOL.CUSIP CcANTITY RATE (S) Men AMOUNT MOH AMOUNT ANF 5.000 0.1750 875.00 TOTAL 5875.00 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 internet address which is www,nasdr,com, In addition, a brochure explaining the Public Disclosure Program is available from the NASD upon request, End of Statemen 027 12/30030923 001 8003 EFTA00195309 CLEARED THROUGH ITS VAIOU.Y OMIED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York New York 10179 ACCOUNT EXECUTIVE ZICHERMAN.IPA TELEPHONE ■ VISIT OUR WEBSITE nvnv.bearstearns.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' 337.200 MONEY MARKET FUND BALANCE 283.909 llllIllIllllllllllllllllllllllllllllllllllllllllllllllllllllII EPSTEIN INTERESTS DTD 12/26191 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 & Ecavvalent 83.909 $307.552 NET EQUITY THIS PERIOD $621.109 NET EQUITY LAST STATEMENT 690.802 CHANGE SINCE LAST STATEMENT -69,693 ibis Wrap eiducles one or more urpnced scare's eve ere not release Hex Taal Yea ol Seamen and me Nee (poly 7lYs Penxl There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Equities H Plcumo row oaf diroronso a pawpaw of teats or mocks. dimmed as &Mom to oeu. lo CANA Somon 01 FIC0614-142e: a vet to Clem Some.. a Bow. Steam &Humes Cap.. One lAohoIecli Cooly North. 13rooNyn, NY I1201.3$59 027 37 200 Current market vale MIN Last statements market value $383.250 Seer. SOWS Seetveke Corp. Ono tkettech Corner None 8rock/gn. New Yak 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOO November 1.2006 THROUGH November 30.2006 ACCOUNT NUMBER TAXPAYER KIJSISER Oil File LAST STATEMENT October 31.2006 Sr nes PaYsTorY a gOr erkeleebenel imposes cely t Is rce "leaded as a rat downed no, Staternerl chased be Maned to, your records See wino Sr to, irrocelart Worms= 12)01/0605:58 001 V9I7 EFTA00195310 CLEARED THROUGH ITS WHOLLY OWED SU851OIARY BNI. SINTB $ecw n COrD One Mafrotech Conk. North 9,89tAn. New York 11201.3859 EPSTEIN INTERESTS 2 of STATEMENT BACKER IS PRINTED ON THIS PAGE O27 I2,050805:58 001 8917 EFTA00195311 CLEARED THROUGH ITS VOICUY ONIVED SUSSIDIAAv BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York Nen York 10179 3 vi Cash Flow Analysis Income Summary THIS PERIOD 111t3 PERIOD YEM TO DATE Opening Balance $0.00 Dividends 1,356.50 9,355.25 Money Fund 26,356.50 Total $1.356.50 $9,355.25 Amount Credited $26.356.50 Money Fund -1.356.50 Portfolio Composition Funds Withdrawn -25.000.00 Cashleash Equivalent 283.909 Amount Debited $-26.356.50 Equities 337.200 Closing Balance $0.00 Total $621.109 027 &NI. Stearns weenies core One Mafrotech Calm North 9fcc4t101. Nem York 1120/3959 EPSTEIN INTERESTS STATEMENT PERIOD NOvel1109f 1,2006 THROUGH November 30.2006 ACCOUNT NUMBER TAXPAYER KAMER On File LAST STATEMENT OCIObet 31.2006 Cash & Equivale 46% 12/01/0805:58 001 V917 Your Portfolio Allocation Equities 5455 Unteeeti Preen, denote 000* OttenCe wick, shod Ticket vatos Tho matrix,: is clorhod from to absoLm minim mak* or pxe pallono. EFTA00195312 CLEARED THROUGH ITS VOICUY OMIVED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 4 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRPSOti SYMEICIJCVSIP DREYFUS CASH MANAGEMENT -CL A DICA INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 5.1900% TOTAL CASH & CASH EQUIVALENTS ouornw 283,908.91 WOO ESTIMATED CURRENT ?Fla VALUE MNIAN. INCOME MITI%) 1.0000 283.909 15.047 5.2999 $283.909 $15,047 EQUITIES see'. Steams Sawlike, Cow One Mafrobxh Conley North Sio*No. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD NOvel1109f I, 2006 THROUGH November 30.2006 ACCOUNT NUMBER TAXPAYER NUUSER On File LAST STATEMENT WOW 31.2006 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the 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 the BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed. where such research is available. The various providers use different ratings systems and have normalized them as follows: B = Buy; H = Hold: S = Sell (this may not always correspond directly to the underlying rating system used by each provider or BSC). The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal, or investment advice. Bear Steams is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent, third-party research on certain companies covered by the 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. DESCRATION SYMEIWCUSIP ACC! MT OUANSTY PRCE MARCET VALUE ESTIMATED ANNUM. INCOME CURRENT YEW IN) ABERCROMBIE & FITCH CO-Cl. A ANF CASH 5,000 67.4400 337.200 3.500 1.0380 BSC RATING: STOCK 0/SECTOR MW BUCKINGHAM RESEARCH RATING: 8 BANPAIS SA-SPONSOREDADR SPIRT CASH 20.000 Unposed REPSTG 6 SER L SHS Total Equities& Options $337.200 $3.500 TOTAL EQUITIES $337.200 $3.500 027 12/01/0805:58 001 V917 EFTA00195313 CLEARED THROUGH ITS WHOLLY OURJED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 5 o Your Portfolio Holdings (continued) YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $18,547 YOUR PRICEDPORTFOLIOHOLDINGS $621,109 Transaction Detail DEPOSITS AND WITHDRAWALS DATE TPANSACT CC, DESCRP ICU 11/20 FNDt ilDA /06 WIRED TO 25,000.00 E BANK. NA 4 DUO AMOUNT CREDIT AMOUNT TOTAL $-25.000.00 MONEY FUND ACTIVITY DATE MOOAY TRANSACTION DESCRIPTION 11/01/06 OPENINGBALANCE SYMECCiCUSIP ERNI. steams swoon cow One Matrotock Conk. North 9ccdtlin. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD NOvel1109f 1,2006 THROUGH November 30.2006 ACCOUNT NUMBER TAXPAYER PME93ER On File LAST STATEMENT October 31.2006 GU/MITT MOE COW AMOUNT CREDIT AMOUNT 307,552.41 11/01/06 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICA 1,356.50 INSRTUTIONAL SHARES MONTHLY DIVIDEND 027 12/01/0805:58 001 V917 EFTA00195314 CLEARED THROUGH ITS VOICUY OMIVED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New York Nen York 10179 6 c/ Transaction Detail (continued) MONEY FUND ACTIVITY (continued) see'. Steams Set:wren Core One Mafrotoch Conk. North 9coMtlin. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD NOvell108f 1,2006 THROUGH November 30.2006 ACCCUNT NUMBER TAXPAYER KAMER On File LAST STATEMENT October 31,2006 DATE MCVAY TRIVISACTICN DESCRIPTI3N SYMEAUCVSIP Comm PATE DEBIT AMOUNT CREDIT ANOINT 11/01/06 REINVEST DREYFUS CASH MANAGEMENT-CL A DIC)0( 1,356.50 1,356.50 INSTITUTIONAL SHARES DIVIDEND REINVEST 11/20/06 SOLD DREYFUS CASH MANAGEMENT-CL A DIC)OC -25.000 1.0000 25,000.00 INSTITUTIONAL SHARES 11/30/06 CLOSINGBALANCE 283.908.91 TOTAL 5.1.356.50 $26.356.50 End of Statement 027 12/01/080518 001 V917 EFTA00195315 CLEARED THROUGH ITS WHOLLY 01MYED SUSSIDIAlly BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 ACCOUNT EXECUTIVE ZICHERMAN.IP.A TELEPHONE ■ VISIT OUR WEBSITE nvnv.bearstearns.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' 383.250 MONEY MARKET FUND BALANCE 307.552 IlllIllIllllllllllllllllllllllllllllllllllllllllllllllllllllII 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 Casty & few/elan H NET EQUITY THIS PERIOD $690,802 NET EOUITY LAST STATEMENT 653,643 CHANGE SINCE LAST STATEMENT 37,159 -Ths wad* mdudes ore or mow uranced smote; Past are not relined n Ise Taal Yen ol Samoan and Pe Na Ewe/ This Paid There are no 'Stop Lose orders or other pending buy or sell open orders on file for your account. Equities Ple.mo roped oat drIoronco a nonroctiot ol dads or stocks. oulicolod as &Woad to 'nu. lo Gent Sonic*. ol 80004-1128: a note to Clom Sonokos a Som. Steam SccuMos Corp.. One Lleinomn Carle, North. 8roollyn N Y 11201-SGS 027 Market Value of Your Portfolio $307,552 $306.243 $383.250 $347.400 Current market value OM Last statements market value Beer. SOWS SOMAS@ Cap. Ono Mottotoch Center Noah Etecck/in, New VGA 1120/.3859 EPSTEIN INTERESTS STATEMENT PERK* Septernter 30.2006 THROUGH October 31.2006 ACCOUNT NUMBER TAAPATER MAGER On File LAST STATEMENT September 29.2006 TMI numb' s to mitrmabanal pompom orEy e k ra fl ooded aS a Um downed nn staternera should be Maned for your records Soo reverse safe for IrrpOrtat Warman:6 1110.06.05:26 001 V916 EFTA00195316 CLEARED THROUGH ITS WHOLLY OWED SU651OIARY 1398I.50.9818Kul081 COr0 One Mafrotoch Conk. North 119o9tAn. New York 11201.3859 EPSTEIN INTERESTS 2 o15 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 11051/080528 001 8916 EFTA00195317 CLEARED THROUGH ITS IMICUY (AWED SUSSIDIAAv BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York Nee York 10179 3 seer. steams seamiest core Ono Mafrotoch Conk. North 9coStlin. New York 1120/3959 EPSTEIN INTERESTS STATEMENT PERK* Seplearter 30.2006 THROUGH OCIOter 31.2006 Cash Flow Analysis NIS PERIOD Income Summary MC PER 70 ACCOUNT NUMBER TAXPAYER AMBER YEAR TO DATE OR Pile September 29.2006 LAST STATEMENT Opening Balance $0.00 Dividends 1,309.46 7,998.75 Money Fund 1,309.46 Total $1,309.46 $7,998.75 Amount Credited $1,309.46 Money Fund -1.309.46 Portfolio Composition Amount Debited $-1,309.46 Cashtash Equivalent 307,552 Equities 383,250 Closing Balance $0.00 Total $690,802 027 Cash & Equivale 45% llo)11060526 001 V9I6 Your Portfolio Allocation Equities 55% Unteeeti Preen, donor* 000* 0ttenCe omit, shod Ticket vat's. Tho alocoma patomxp is crowed from to attsolso marker maluo os pxe octilmo. EFTA00195318 CLEARED THROUGH ITS VOICUY ORIVED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 4 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRESOti SYMEICIJCVSIP DREYFUS CASH MANAGEMENT -CL A DICA INSTITUTIONAL SHARES EST, 30 DAY AVG VELD 5,1900% TOTAL CASH 8 CASH EQUIVALENTS OUAPITITY 307,552.41 MARKET ESTIMATED CURRENT PRICE VALUE *MA. INCOME VELD DU 1.0000 307.552 15.685 5.1000 $307,552 $15.685 EQUITIES 13408i. steams seetyives cow One Mafrotoch Conk. North 9rcdtlin. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PER100 September 30.2006 THROUGH October 31.2006 ACCOUNT NUMBER TAXPAYER MAIEER On File LAST STATEMENT September 29.2006 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the 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 the BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed. where such research is available. The various providers use different ratings systems and have normalized them as follows: B = Buy; H = Hold: S = Sell (this may not always correspond directly to the underlying rating system used by each provider or BSC). The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal, or investment advice. Bear Steams is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at wvnv.bearsteams.com or can call (800) 517.2327 to request that a copy of this research be sent to them. DESCRATION SWMEICIJCUSIP AOC! MT OµNIITY PRICE IMUCE1 VALUE IMMURED ANNUAL INCOME CURFENr YEW I%) ABERCROMBIE 8 FITCH CO-CL A ANF CASH 5,000 76.6500 383,250 3,500 0.9132 BSC RATING: STOCK 0/SECTOR MW BUCKINGHAM RESEARCH RATING: 8 BANPAIS SA-SPONSOREDADR BPIST CASH 20.000 Unpticed REPSTG 6 SER L SHS Total Equities& Options $383.250 $3.500 TOTAL EQUITIES $383250 $3.500 027 I 1t0b060526 001 V9I6 EFTA00195319 CLEARED THROUGH ITS YAKUT ODIVED SUBIC/MAI, 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 $19.185 YOUR PRICED PORTFOLIOHOLDINGS $690.802 Transaction Detail MONEY FUND ACTIVITY see'. steams savoys Corp Ono Metrotock Conk. North 9caltSn. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PER100 SepMater 30.2006 THROUGH OCIOter 31.2006 ACCOUNT NUMBER TAXPAYER KAMER OR File LAST STATEMENT September 29.2006 Derr po DAY TruoiSK.TON DESCAIPTON STIADDIJCUSIP Oawirry PkCE CESIT m.40uNt CREDIT AMOUNT 0940/06 10/02/06 10/02/06 1041/06 DIVIDEND REINVEST OPENINGBALANCE DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVEST CLOSINGBALANCE DICXX DICU 306.242.95 1,309.46 307.552.41 1,309.46 1.309.46 TOTAL $.1309.46 $1.309.46 027 11/01/080528 001 V9113 EFTA00195320 CLEARED THROUGH ITS YilIOLLY OGNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 ACCOUNT EXECUTIVE ZICHERMANARA TELEPHONE ■ VISIT OUR WEBSITE IWAY.bearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 3 Transaction Detail 4 Fund Activity 4 Your Messages 6 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD' 347.400 MONEY MARKET FUND BALANCE Cash & Eq-sent IIIIIIIIIIIII lllll IIIIII11111111111111111111111IIIIIIIIIIIIIII 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 $306.243 6304.413 306.243 Equities 6347.400 5322,650 NET EQUITY THIS PERIOD $653,643 NET EQUITY LAST STATEMENT 627,063 CHANGE SINCE LAST STATEMENT 26,580 'TMs psetrao wheys one 01 MOW VIVICS RwtOS RA are not release n fe Taal Yew of Seowbos ard 010 Plot Ewe/ TMs Period There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. 1.1050 t000.1 ant diroronco a morrows( of cream or mocks. Rowed as CIOIWOOX1 10 p5U. 10 0001 SONIC00 fl 800134-1128: a veto lc, Clom Samoa. at Boat. Rearm SCCuMOS Cup.. Co. LIN•olecli Coolie Honk BrooBri, NY 112014859 027 Current market value NO Last statement's market Sue Elefu.SIteMS SOCUdliOS Corp. Coe Metrotech Center 110141 8tCCit/011. He* vs 11201.9859 EPSTEIN INTERESTS STATEMENT PERIOD Seprernter 1.2006 THROUGH Septeacer 29.2006 ACCOUNT NUMBER TAXPAYER NUMBER On Fee LAST STATEMENT August 31.2006 Ab• Tin SOT•TerY a Ia SCOIseeRMI Wpm, PM' It Is not fended as dowered Res Statemerl chased be /*aodes' your records Soo reverse So fa owls reormason 09,30,06,3819 001 Y915 EFTA00195321 CLEARED THROUGH ITS YMOLLY ODIVED SU851OMRY ENV. WOMB SOOtelke Ga0. Coo Me rotoch Conley North 9yoNtlin. New York 11201.3859 EPSTEIN INTERESTS 2 of e STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0930030839 001 1915 EFTA00195322 CLEARED THROUGH ITS WHOU.Y (AWED SLISSIDIAAv BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York Nee York 10179 3 c1 n 1398i. steams sectotoos cork coo Mafrotoch Conic. North 9fccItlin. New York 1120/3859 EPSTEIN INTERESTS STATEMENT PERO> September 1,2006 Cash Flow Analysis Income Summary THROUGH ACCOUNT NUMBER TAXPAYER KAMER September 29.2006 Ofl File This PERICO MC PERIOD YEAR TO DATE LAST STATEMENT August 31.2006 Opening Balance $0.00 Dividends 1.83012 6,689.29 Money Fund 955.12 Total $1.830.12 $6,689.29 Dividends/Interest 875.00 Amount Credited $1.830.12 Portfolio Composition Money Fund -1.83012 Cashtash Equivalent 306.243 Amount Debited $-1.830.12 Equities 347.400 Closing Balance $0.00 Total $653.643 Your Portfolio Holdings CASH & CASH EQUIVALENTS MARRS ESTIMATED CLRRENT DESCRPTION SYMBOUCUSIP OUANTJTI PACE WLUE ANWAL INCOME Y110 IN.) DREYFUS CASH MANAGEMENT-CL A DIC/Cr 306.242.95 1.0000 306.243 16.231 5.3000 INSTITUTIONAL SHARES EST 30 DAY AVG new $ 2300% TOTAL CASH 8 CASH EQUIVALENTS $306,243 $16,231 027 Your Portfolio Allocation Cash & Equivale 47% Equities 53% 0930(0808:39 001 V9I5 Un*Oeeti Preen, donor* 000* OttenCe wick, shod Ticket vat's. TM alocoma patomxp is crowed from to attsolso (radio, maluo os pxe octilmo. EFTA00195323 CLEARED THROUGH ITS WHOLLY OMED 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 Stearns at no cost, Customers can access this research at wvny,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them, ACCT DESORPTION SYMBOL'CUSIP Tin oumnrr PRCE MARKET VALLE ESTIMATED ANATOL INCOME OURFENT YELD DN ABERCROMBIE & FITCH CO-CL A ANF CASH 5.000 69.4800 347.400 3.500 1.0075 BANPAIS SA-SPONSOREDADR 13PIBY CASH 20.000 Unpriced REPSTG 6 SER L SHS Total Equities& Options $347.400 $3.500 TOTAL EQUITIES $347.400 $3.500 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $19,731 YOUR PRICED PORTFOLIOHOLDINGS 5653.643 Transaction Detail MONEY FUND ACTIVITY DATE MOAT TRANSACTION DESCRIPTION SYMECIALISIP PP.OE MIT AMOUNT CREDIT AMOUNT 09/01/06 OPENINGBALANCE 304.412.83 8408i. steams smokes core Ono Metrotoch Conk. North 9coStlin. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD SOplefriter 1,2006 THROUGH Sepiernter 29.2006 ACCOUNT NUMBER TAXPAYER PAMER Ofl Foe LAST STATEMENT August 31.2006 027 0930(0808:39 001 11915 EFTA00195324 CLEARED THROUGH ITS VOICUY ORRJED 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 AIGOAT TRANS...COM 09/01/06 DIVIDEND DESCRIPTCRI DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND SYMEAUCVSIP DIC)3( CAINPITT PRICE SOP steams &wines corp cneMetrotech Conte. North 9coPtlin. New York 1120/3859 EPSTEIN INTERESTS STATEMENT PERIOD SPOIERICer 1,2006 THROUGH Semernte 29.2006 ACCOUNT NUMBER TAXPAYER WIPER On File LAST STATEMENT Aumt 31,2006 DEEM AMOUNT CREDIT AMOUNT 955.12 09101/06 REINVEST DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVEST DICA 955.12 955.12 09119106 BOUGHT DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DICA 875 1.0000 875.00 CLOSING BALANCE 306.242.95 TOTAL $.1.830.12 5955.12 DIVIDENDS DATE DESCRIPTION 09/19/06 ABERCROMBIE & FITCH CO-CL A REC 062966 PAY 09,1906 STMOWCUSIP ANF OUN4MY RA1E461 5,000 0.1750 DEBIT AMOUNT CREDIT AMOUNT 875.00 TOTAL 5875.00 027 0930(0808:39 001 v915 EFTA00195325 CLEARED THROUGH ITS VOICUY OMIVED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New YY New York 10179 6 Your messages Revenue Sharing Advisers, distributors or other affiliates of certain mutual funds (which include money market and non-money market funds) may enter into arrangements to pay brokers that distribute their shares for administrative, technological or other services, including marketing and other support services provided to such funds or their affiliates. These fees, commonly referred to as 'revenue sharing; are separate from and in addition to any shareholder servicing or distribution fees that a mutual fund pays out of its own assets pursuant to its Rule 12b-1 plan and other expenses which are described in a funds prospectus fee table. Rule 12b-1 fees and other expenses described in a funds prospectus fee table increase a funds expense ratio and decrease the funds yieid. Revenue sharing fees, on the other hand. are paid out of the assets of the fund affiliate and not from the fund's assets and, therefore, have no impact on a funds expense ratio or yield. With respect to money market funds, Bear Steams negotiates revenue sharing payments separately with each fund family and not all fund families pay the same amount or pay according to the same formula. These payments are calculated based on a percentage of the dollar value of the fund assets held by Bear Steams in customer accounts. Bear Steams receives up to 0,66% per year of the average daily assets of fund shares carried in customers accounts at Bear Steams. Money market funds whose affiliates do not make revenue sharing payments to Bear Steams are generally not offered or recommended by Bear Stearns to its customers, 1398i. Steams S4)00(1981 Cap. Ono Mafrotoch Conic. North 9coStlin. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD September 1,2006 THROUGH September 29.2006 ACCCUNT NUMBER TAXPAYER MUSSER On Foe LAST STATEMENT August 31.2006 These money market funds may in some cases have higher yields than money market funds whose affiliates do make revenue sharing payments. There is, therefore, a potential conflict of interest in the form of an additional financial incentive to Bear Stearns for making available to customers money market funds whose affiliates enter into revenue sharing arrangements. In certain circumstances, a portion of these revenue sharing payments may be passed on as compensation to certain Private Client Services account executives, With respect to non money market fund shares held in Bear Stearns accounts. Bear Steams may receive Rule 12b-1 fees and other compensation described in a funds prospectus but does not receive revenue sharing payments, With respect to non-money market fund shares held by certain Private Client Services customers away from Bear Steams, Bear Stearns does receive revenue sharing payments in limited circumstances, A portion of these revenue sharing payments are passed on as compensation to the Private Client Services account executive designated by the customer. Bear Stearns does not believe that these revenue sharing arrangements involving such Private Client Services customers pose a conflict of interest with respect to customers whose accounts are held at Bear Stearns. The prospectus and statement of additional information of mutual funds available through Bear Steams may contain additional information regarding revenue sharing payments made by affiliates of the fund company. 027 0950(080839 001 V915 EFTA00195326 CLEARED THROUGH ITS VOICUY OMIVED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New YY New York 10179 7 Bear, Stearns Securities Corp. Net Capital and Net Capital Requirements: At May 31, 2006 and July 31, 2006, the Company's net capital of approximately $3.7 billion and $3.8 billion was approximately 7% and 7% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $1.1 billion and $1,1 billion by approximately $2,6 billion and $2.7 billion, all respectively. A complete copy of the Bear, Stearns Securities Corp, Statement of Financial Condition is available on the web site www.bearsteams,com. Alternatively, to request a free printed copy please call - toll free 1.866.299.9331, 027 In? 13408i. Steams $ecw$n Cote CceMefrotoch Conk. North erudyn, New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERKX> September 1,2006 THROUGH September 29.2006 ACCCUNT NUMBER TAXPAYER KHMER ON Foe LAST STATEMENT August 31.2006 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, 0950030839 001 V915 EFTA00195327 CLEARED THROUGH ITS VOICUY OMIVED 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 027 Ear 8981. Steams SO00(1081 COr0 Ono Metrotoch Conic. North 9coStlin. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD September 1,2006 THROUGH September 29.2006 ACCCUNT NUMBER TAXPAYER NURSER On Flk LAST STATEMENT August 31.2006 Pursuant to SEC Rule 606, please note the following: Bear, Stearns & Co. Inc. will post its quarterly routing statistics at the following web link: httpliwww.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. 0900030839 001 V915 EFTA00195328 CAEARED THROUGH 1TS YillOU.31 ONNEO SUBSIDIARy BffiR STMRNS OFFICE SERVICING YOUR ACCOUNT Beer. Steams & Co. Inc. 383 Madison Avenue New York New York 10179 ACCOUNT EXECUTIE ZICHERMAN.IRA TELEPEONE ■ VISIT OUR WEGSITE nuntbearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 3 Transaction Detail 5 Fund Activity 5 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD' 322.650 MONEY MARKET FUND BALANCE 304.413 Cash & &luwden' NET EOU1TY TNIS PERIOD $627,063 NET EOUITY LAST STATEMENT 558,628 CHANGE SINCE LAST STATEMENT 68,435 -no patklio ecludes me ot more vrpnced ~ns ent are nol ',led«, n Te Taal Vele ol Senabos am: me Na (wei Th; genat There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. EquItles Roze nood mor Won!~ or ~roe«t ol ch2cks or slakt nakcaial as dcUn2foa lo ou. lo GAAI Sanicos al 80)1,24-1428: or vno lo Mant Sohlcos at Boot &oord Securnos Ca,. <me Menses', Dooie, Ho.. Eirodbn, N Y 11201.3.59 027 I1111111111111114111111111111111111111111111111111111111111111 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 $29.028 $304.413 22 650 $629.600 Current market vakje mi Last statements market Sue 1308i. 5/WAS SeetellMS OMA Ene lietrotech Cent« North Ebeckbn, New, To.k 11201.3859 EPSTEIN INTERESTS STATEMENT PERK* Most 1.2006 THROUGH Most 31.2006 ACCOUNT NUMBER TAXPAYER 11111113ER On File LAST STATEMENT Jul/ 31.2006 SIK "n anTAMY 50, nisem~lowposes otitis nol olended An ton ~meet Tos Raten« sbakl be retard k< voor reaxclo See nrars• ode (stomata« etommoon 0901/0607.58 001 V910 EFTA00195329 CLEARED THROUGH ITS WHOLLY OWED SUBSIDIARY 13981.510.9818 SIMON CYO. One Mafrotoch Conk. North 119o9tAn. New York 11201.3859 EPSTEIN INTERESTS 2 o15 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 09.01/0130758 001 V914 EFTA00195330 CLEARED THROUGH ITS WHOU.Y (AWED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New York. Nee York 10179 3 c/ EINI. steams SR ubes GYP. One Mafrotoch Conk. North 9coStrin. New York 1120/3959 EPSTEIN INTERESTS STATEMENT PERIOD Aegis' 1,2006 Cash Flow Analysis THIS PERIOD Income Summary MIS PERIOD THROUGH ACCOUNT NUMBER TAXPAYER KISSER YEAR TO DATE August 31.2006 On File July 31.2006 LAST STATEMENT Opening Balance $0.00 Dividends 127.22 4,859.17 Securities Sold 275,257.54 Total $127.22 $4.859.17 Money Fund 127.22 Amount Credited $275.384.76 Portfolio Composition Money Fund -275.384.76 Cashtash Equivalent 304,413 Amount Debited $-275.384.76 Equities 322.650 Closing Balance $0.00 Total $627,063 Your Portfolio Holdings CASH & CASH EQUIVALENTS MARKET ESTIMATED CURRENT DESCRPTION SYMBOUCUSIP DUAN71TT PRICE VALUE AANAIL INCOME YIELD I%) DREYFUS CASH MANAGEMENT-CL A DIC/Cr 304,412.83 1.0000 304,413 16.134 5.3000 INSTITUTIONAL SHARES EST 30 DAY AVG new 5 2300% TOTAL CASH & CASH EQUIVALENTS $304,413 $16.134 027 Your Portfolio Allocation Cash & Equoale Equities 49% 51% 09,01101307:58 001 V9I4 Unteeeti Preen, 0onore 000* 0ttenCe wick, shod Ticket vat's. TM alocoma patomxp N crowed from to attrolso (radio, maw 0s pr.0 EFTA00195331 CLEARED THROUGH ITS WHOU.Y OMED SLISSIDIAAv BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New York New 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 Stearns at no cost, Customers can access this research at wvAv,bearsteams,com or can call (B00) 517-2327 to request that a copy of this research be sent to them, DESCRATION SYMBOL'CUSIP ADCT TYPE QUANTITY PRCE PARRKET VALUE ESTIEUTED AMIN. (COME MAROC VELD OM ABERCROMBIE & FITCH CO-CL A ANF CASH 5.000 64.5300 322.650 3.500 1.0848 BANPAIS SA-SPONSOREDADR 13PIBY CASH 20.000 Unprised REPSTG 6 SER L SHS Total Equities& Options $322.650 53.500 TOTAL EQUITIES $322.650 53.500 YOUR PORIFOLIOHOLDINGSESTIMAIED ANNUAL INCOME $19,634 YOUR PRICED PORTFOLIOHOLDINGS 5627.063 027 0901/0807:58 001 13404i. Steams sec $n Core One Metrotoch Conic. North 8fcc44/n. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD hen 1,2006 THROUGH August 31.2006 ACCOUNT NUMBER TAXPAYER MAR3ER On File LAST STATEMENT Jul/ 31.2006 V914 EFTA00195332 CLEARED THROUGH ITS WHEW. OMNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New York New York 10179 5 d Transaction Detail INVESTMENT ACTIVITY SETTLEMENT DATE 0811;06 TRADE DATE TRANSACTION 08/08/06 SOLD DESCRIPTION ABERCROMBIE & FITCH CO-CL A AVG PRICE SHOWN-DETAILS ON RED ACTUAL CONFIRM TO YOUR AGENT UNSOUCRED STIMOUCUSIP ANF CUANTNY -5.000 PROF 55.11320 END. Stearns Suede's Core Merotech Conic. HORN 9fccItlin. New York 1120/3959 EPSTEIN INTERESTS STATEMENT PERIOD Must 1.2006 THROUGH Auguu 31.2006 ACCOUNT NUMBER TAXPAYER KUMMER On File LAST STATEMENT Jul/ 31. 2006 DEBIT AMOUNT GREW MORO 275,257.54 TOTAL 5275.257.54 MONEY FUND ACTIVITY DATE /ADDAX TRANSACTKPI 08/01/06 DESCRIPTON OPENINGBALANCE 08/01/06 DIVIDEND DREYFUS CASH MANAGEMENT-CL A INSRTUTIONAL SHARES MONTHLY DIVIDEND ovo 1 /06 REINVEST DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVEST 0511 1/06 BOUGHT DREYFUS CASH MANAGEMENT-CL A INSRTUTIONAL SHARES oara 1 /06 CLOSINGBALANCE TOTAL End of Statement 027 SOADX/CUSIP 0UN4MY PRICE MDT AMOUNT CREDIT AMOUNT 29,028.07 DIC) 127.22 Die/3( 12722 127.22 DIC>C< 275,257.54 1.0000 275,257.54 304,412.83 $.275.384.76 5127.22 09.01/080758 001 V914 EFTA00195333 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 ACCOUNT EXECUTIVE ZICHERMAN.IP.A TELEPHONE ■ VISIT OUR WEBSITE wmv.bearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 3 Transaction Detail 4 Fund Activity 4 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PER/OD' 529.600 MONEY MARKET HAND BALANCE 29.028 llllllllllllllllllIIIIIIlllllllllllI IIIIIIII lIllllllIIIIIII 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 & Equvenem —11 $29.028 $28.866 Equities $664.300 NET EQUITY THIS PERIOD $558,628 NET EOUITY LAST STATEMENT 583,156 CHANGE SINCE LAST STATEMENT -24,528 -Thy portfolio mdales one or more arced seamen eve We not related mix Taal Wen of Seaabos and Om Nei Equty The, Penal There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Noma tow Oaf diroronoo a rawouna of toad or mocks, macaw! as dolicoma to you. lo Glom Simian Pl 800€04.1428: a yet to Clom Sordcos a Boa Room@ &comes Cap.. One Llokok•cn Cools. Honk. Broollon, NY. II201-3059 027 Current market value Last statement's market value ear. SlteMS SONAR,. Gap Ctm Lletrotech Center Hone Brccidon, Nee Irak II20I.38S9 EPSTEIN INTERESTS STATEMENT PERK* Jul/ 1.2006 THROUGH Jul/ 31.2006 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT June 30.2006 Sr TNT staamTY a for nismulennal papoose** k not Needed as a U. doaevert no, stamen: chased be retained for your records See revers* Sofa irrucelott .dorm /on 0801/0607.515 001 V912 EFTA00195334 CLEARED THROUGH ITS WHOLLY OWED SUBSIDIARY Eleill.Stolonrs SIMON COrD One Mafrotoch Conk. North 9co9tIrn. New York 11201.3859 EPSTEIN INTERESTS 2 o15 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 06.0110807:58 001 8912 EFTA00195335 CLEARED THROUGH ITS VOICUY ONIVED SUSSIDIAAv BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. New York 10179 3 r/ Cash Flow Analysis Income Summary THIS PERIOD 114$ PER CO YEAR TO DATE Opening Balance $0.00 Dividends 171.68 4.731.95 Money Fund 171.68 Total $171.68 $4,731.95 Amount Credited $171.68 Money Fund -171.68 Portfolio Composition Amount Debited $-171.68 CashICash Equivalent 29,028 Equities 529,600 Closing Balance $0.00 Total $558.628 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRPTION SAIBOUCUSIP DREYFUS CASH MANAGEMENT-CL A DICA INSTITUTIONAL SHARES EST, 30 DAY AVG VELD 5,1900% TOTAL CASH & CASH EQUIVALENTS OUA1ITITY 29.028.07 14101(E1 ESTIMATED CURFEW PRICE VALUE NOMIL INCOME VELD 1.0000 29.028 1.393 4.7988 $29,028 $1,393 027 0801/0807:58 001 V9I2 800.5140n1S SOOtAINS Gap. Ono Mafrotoch Conley North 9coNtlin. New York 1120/3859 EPSTEIN INTERESTS STATEMENT PERIOD July 1.2006 THROUGH JO/ 31.2006 ACCOUNT NUMBER TAXPAYER KAMMER On File LAST STATEMENT June 30.2006 Your Portfolio Allocation Cash & Equivalent 5% al o Equities 95% U.V.0od Preen, donor* 0001 0ttenCe omit, shod Ticket vat's. Tho alomma patomxp is crowed from to amok*, market maw PI ew octilmo. EFTA00195336 CLEARED THROUGH ITS WHOU.Y OMIVED SUBIC/MAI, 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 Stearns at no cost, Customers can access this research at wvny,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them, AOCT DESORPTION SYMBOLICUSIP TYPE OMWn1Y PRCE IAARKE7 Y0UE (STOWED ANATOL INCOME CURFEW VELD DM ABERCROMBIE & FITCH CO-CL A ANF CASH BANPAIS SA-SPONSOREDADR 13PIBY CASH REPSTG 6 SER L SHS Total Equities& Options 10.000 20.000 52.9600 Unpriced 529.600 $529.600 7.000 57.000 1.3218 TOTAL EQUITIES $529.600 57.000 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $8.393 YOUR PRICED PORTFOLIOHOLDINGS 5558.628 Transaction Detail MONEY FUND ACTIVITY DATE MOAT TRANSACTION 07/01/06 OPENINGBALANCE 28,856.39 DESOIIPTIN SYMECCCUSIP OUNYTITY PROE Bear. steams &wives core One Mafrotech Cerra North 9caltlin. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD Jule 1.2006 THROUGH JO/ 31. 2006 ACCCUNT NUMBER TAXPAYER PANMER On File LAST STATEMENT June 30.2006 MIT AMOUNT CREDIT AMOUNT 027 0801/080718 001 v9I2 EFTA00195337 CLEARED THROUGH ITS VOICU.Y OWED SUBSOIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. New York 10179 5 vi Transaction Detail (continued) MONEY FUND ACTIVITY (continued) DATE M3VAY TRANSACTION DESCRIPTCN SYM60UCU$IP 07/03/06 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DIC)3( INS11TUTIONAL SHARES MONTHLY DIVIDEND OVANiry SW. SIBEMS SMARM COlD. Ono Mafrotoch Conic. North 9,ccItIrn. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIDO Juk 1.2006 THROUGH Juk 31. 2006 ACCOUNT NUMBER TAXPAYER 18.483ER On Ate LAST STATEMENT June 30.2006 PRCE OW AMOUNT CREDIT AMOUNT 171.68 07/03/06 REINVEST DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVEST DICU 171.68 171.68 07!31;06 CLOSINGBALANCE 29.028.07 TOTAL $+171.68 $171.68 End of Statement 027 OWD11060756 001 V912 EFTA00195338 0 -EARED THROUGH ITS WHOU.Y 01MYEEI SLIESICHARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York, New York 10179 ACCOUNT EXECUOVE ZICHERMAN.IP.A TELEPHONE ■ VISIT OUR WEBSITE www.bearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 3 Transaction Detail 5 Fund Activity 5 Your Messages 6 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD' MONEY MARKET FUND BALANCE 28.856 NET EQUITY THIS PERIOD $583,156 NET EQUITY LAST STATEMENT 630.394 CHANGE SINCE LAST STATEMENT -47.238 mn pada* sidales OM 011110W 1.43,11Ced t10.10)06 Pat are not related a Tie Taal Yen of Seciabes and We Na Ewe/ TMs Paled There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. 1111'11'11111 lllll IIIIIIIIIIIIIIIIIIII111111111 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 554.300 Cash & Eqsavelent —16 28.856 $61.894 Equities a 564,3°° 1678.900 F1050 read erg Mama a roorecola of &edit or Mat fidlcaucl as CIOIWOOXI 10 yOU. b 0001 Swan a 8006141428: a vat to Clem Son em a 8020. Smarr@ Saumes On. One LleeekKli Cooler Rath. Swaim NY 112014859 027 Current market vela NO Last statement's market value 1308i. SOMAS SMARM Can. Coe tlevotech Corder Noah etCdt/011. Nevi Yea 1120/.3859 EPSTEIN INTERESTS STATEMENT PERIOD June 1.2006 THROUGH June 30.2006 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT May 31.2006 aft tin unary a For Hrornabanl panes rally. a kea Wended as ciconst Tin rattan Moon ln Maned Ito your records Mt morn ado fa rrporlan ricemanal 07.01.06.10.56 001 Y911 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 lacilitate your intention to invest such amounts through us. EFTA00195339 CLEARED THROUGH ITS WHOLLY OWED SUBSIDIARY 1340f.5140818 SOOt0981 GOO. One Mafrotoch Conk. North 9co8tAn. New York 11201.3859 EPSTEIN INTERESTS 2 ol STATEMENT BACKER IS PRINTED ON THIS PAGE 027 07/01/013:1058 001 V911 EFTA00195340 CLEARED THROUGH ITS WHOLLY OWNED SUSSIDIAAv BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 3 Cash Flow Analysis Income Summary THIS Peace THIS PERO) TEAR TO DATE Opening Balance $0.00 Dividends 1,961.90 4,560.27 Money Fund 25,211.90 Total $1,961.90 $4,560.27 Dividends/Interest 1,750.00 Amount Credited $26,961.90 Portfolio Composition Money Fund -1.961.90 CashICash Equivalent 28.856 Funds Withdrawn -25.000.00 Equities 554.300 Amount Debited $-26.961.90 Total $583,156 Closing Balance $0.00 Your Portfolio Holdings CASH & CASH EQUIVALENTS MENET ESTIMATED ELEMENT DESCRPTION SYMBOUCUSIP QUANTITY PRICE VALUE AMV.e. PC.ChE ,e.o I%) DREYFUS CASH MANAGEMENT-CL A DICXX 28,856.39 1.0000 28.856 1,414 4.9002 INSTITUTIONAL SHARES EST, 30 DAY AVG YELD 5,1700% TOTAL CASH & CASH EQUIVALENTS $28,856 $1,414 027 07/01/08:1058 001 V9I1 see'. SIMMS Sawlike GOO. One Motrotoch Conley North 8coeten. New Uric 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD June 1.2006 THROUGH June 30.2006 ACCOUNT NUMBER TAXPAYER KISSER On File LAST STATEMENT May 31.2006 Your Portfolio Allocation Cash & EQureVenl 4% Equities 96% Un*Oeeti Preen, demote doO OttenCe on shoe mates votes TM Mower, pompoms Is crowed mom to atoolso market varo or era poIono. EFTA00195341 CLEARED THROUGH ITS WHOLLY OWED SUEISIDIAAv 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 Stearns at no cost, Customers can access this research at wvAv,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them, ACCT DESORPTION SYMBOLICUSIP TYPE avant,/ PRCE MARKET VALLE (STEWED ANATOL INCOME OURFENT YELD AD ABERCROMBIE & FITCH CO-0.A ANF CASH BANPAIS SA-SPONSOREDADR 13PIBY CASH REPSTG 6 SER L SHS Total Equities& Options 10.000 20.000 55.4300 Unpriced 554.300 $554.300 7.000 $7.000 1.2629 TOTAL EQUITIES $554.300 $7.000 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $8.414 YOUR PRICED PORTFOLIOHOLDINGS 5583.156 027 07/01108:1058 001 END. SIMMS SMARM COr9 Ono Mafrotoch Conk. NOlth 9/cddrn. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERK* June 1.2006 THROUGH June 30.2006 ACCOUNT NUMBER TAXPAYER AME93ER On File LAST STATEMENT May 31.2006 V911 EFTA00195342 CLEARED THROUGH ITS OMNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New York Nen York 10179 5 Transaction Detail DEPOSITS AND WITHDRAWALS DATE 0619/06 FND WIRED MOM WIRED 10 E BANK. NA 5 TRANSACTCN DESCPrICH 0E811 AMOutr 25,000.00 CREDIT AMOUNT TOTAL 9-25.000.00 MONEY FUND ACTIVITY Beal. SleanIS SEANION Cory. Coo Metrotoch Conic. North 9occldrn. Now York 1120/3859 EPSTEIN INTERESTS STATEMENT PERKO June 1.2006 THROUGH June 30.2006 ACCOUNT NUMBER TAXPAYER INJUSER On File LAST STATEMENT May 31.2006 DATE MODAY TRANSACTKN DESCRIPTCN SYMECIAUSIP OUN4MY PACE MINT AMOUNT CREDIT AMOUNT 06.101/06 OPENINGBALANCE 51,894.49 06101/'06 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DIC) 211.90 INSTITUTIONAL SHARES MONTHLY DIVIDEND 06101/06 REINVEST DREYFUS CASH MANAGEMENT-CL A DIC)C( 211.90 211.90 INSTITUTIONAL SHARES DIVIDEND REINVEST 06119/06 SOLD DREYFUS CASH MANAGEMENT-CL A DIC)C( -25.000 1.0000 25.000.00 INSTITUTIONAL SHARES 06120/06 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICA 1.750 1.0000 1,750.00 INSTITUTIONAL SHARES 06130/06 CLOSING BALANCE 28.856.39 TOTAL 9-1.961.90 $25.211.90 027 07n211013:1058 001 8911 EFTA00195343 CLEARED THROUGH ITS VOICUY ODIVED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 6 Transaction Detail (continued) DIVIDENDS DVE DESCRFTION STMEIWCWIP 06/20/06 ABERCROMBIE 8 FITCH CO-CL A ANF REC 05/30106 PAY 06/20/06 OUNYTITY RATE <Si 10,000 0.1750 DEBIT AMOUNT 8981. steams seances cork Ono Mafrotech Conk. North 9fcc4t101. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERK* June 1.2006 THROUGH June 30.2006 ACCOUNT NUMBER TAXPAYER KAMER On FIk LAST STATEMENT May 31.2006 MEM AMOUNT 1,750.00 TOTAL $1,750.00 Your messages rye NOTICE OF CHANGE PURSUANT TO TRUTH IN LENDING SEC RULE tOb-16 The annual rate of interest charged on any credit extended to you by Bear, Stearns Securities Corp. ("MSC') for the purpose of purchasing, canying or trading in any security or other property shall continue to be based on either the BSSC Margin Basis Rate, the BSSC Fed Funds Rate or the London Interbank Offered Rate ("UBOR'), as notified to you upon request. The BSSC Margin Basis Rate will be quoted each business day by BSSC at our main office in New York, Factors affecting the determination of the BSSC Margin Basis Rate will include the short-term market interest rates quoted by money center banks and the Federal Reserve and the rate that BSSC is charged for borrowing money. The purpose of this notice is to advise you that effective no earlier than thirty (30) days from your receipt of this statement: 027 1) The BSSC Fed Funds Rate shall be the rate for U.S. dollar funds, as quoted by an independent broker of such funds selected by BSSC for the first transaction completed on the opening of the business day on which such rate is determined. 2) The rate of interest charged to you on any such credit extended to you in a currency other than US dollars shall be based on either (i) LIBOR, as such rate is compiled by the British Bankers Association and published on Bloomberg or Reuters, or (ii) any other rate quoted by Reuters that is applicable to the currency in which the obligation is denominated or, if a rate for such currency is not quoted by Reuters, the rate provided by BSSCs local bank, as notified to you on request. 3) In either case, the annual rate of interest will not exceed a specified percentage above the applicable rate, specifically (i) 3% above the BSSC Margin Basis Rate, (ii) 4% above the BSSC Fed Funds Rate, or (iii) 5% above LIBOR, any rate quoted by Reuters or the rate provided by BSSCs local bank, and will appear on your monthly statements. 4) The amount lent to you by BSSC upon which you are charged interest may include purchases of securities for which payment is made by check for which BSSC has not yet received credit. 07/01/08:1058 001 V911 EFTA00195344 CLEARED THROUGH ITS WHOLLY OWED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 7 If BSSC makes changes in any of the credit terms and conditions described herein or if a change is required by law, we will notify you of such change within a reasonable period of time, unless such change results in the same or a higher rate to you, in which case we will provide you at least 30 days' prior written notice, The annual rate of interest you are charged may fluctuate with changes in the BSSC Margin Basis Rate, the BSSC Fed Funds Rate, LIBOR, any of the rates quoted by Reuters or the rate provided by BSSC's local bank, The changes in rates resulting from this fluctuation will be made without prior notice to you (as contrasted with changes in the credit terms and conditions, notice of which will be provided as described above), The Truth-in-Lending disclosure previously provided to you shall continue to apply except as specifically noted above, End of Statement 027 07/01/01121018 001 8911 see'. stwus SMARM COr0 Ono Mafrotoch Conic. North 9fccItlin. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERK* June 1.2006 THROUGH June 30.2006 ACCOUNT NUMBER TAXPAYER AVE.13ER On Flk LAST STATEMENT May 31.2006 EFTA00195345 CLEARED THROUGH ITS YiHOU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York Nee York 10179 SM. Stearns SiXxxhieS COrp Ono Metrotech Corder North Brock/in. New York 1120/.3859 EPSTEIN INTERESTS ACCOUNT EXECUTIVE ZICHERMANARA TELEPHONE ■ VISIT OUR WEBSITE Aww.bearstearns.com What's In This Statement Financial Summary 3 1111 Ill I I II I lllll I Ill Ill 1111111111111111111 I Ill Ill I II I I Ill l II EPSTEIN INTERESTS STATEMENT PERIOD THROUGH ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT April 29.2006 May 31.2006 On File April 28.2006 Your Portfolio Holdings 3 DTD 12/26/91 Transaction Detail 4 JEFFERY E EPSTEIN & MARK L Fund Activity 4 EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022.6843 Your Portfolio at a Glance Market Value of Your Portfolio Cash & EquvaNnt —IIII $51.854 TOTAL VALUE OF SECURITIES THIS PERIOD' 578,500 $51.696 MONEY MARKET FUND BALANCE 51.894 Equities _$578.500 $607.300 NET EQUITY THIS PERIOD $630,394 Current market value NET EQUITY LAST STATEMENT 658.996 OM Last statement's market value CHANGE SINCE LAST STATEMENT -28,602 my, paean mdudes one Or HOW orpnced moans PHA Me not roteded n tie Taal Yew el Sectabos and the Na Eq The Portal There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. RAMO row oaf drrororoo a rentoceire ol Chat or HOME Adlcosol as detworoa to you. b Clem Sonic*. at 800614142e: a nom to Cleat SONARS a Boot Doom &comes Ca,.. One Metnitodi Cooler North. Sweep+, NY. II2ObSeSt 027 Slit tin suswerY a ko SEMMOUGMi gnosis APAR not MOM as a taw downed Mateonere Mused be retained for your records Soo reverse ode for inccoleit intematon OB01)061128 001 V909 EFTA00195346 CLEARED THROUGH ITS VOICU.N. OWED SUBSIDIARY 134.8f.5146rAs SIMON GOO. One Mafrotoch Cen16 North 138.8tAn. New York 11201.3859 EPSTEIN INTERESTS 2 o15 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 06.01/081128 001 V909 EFTA00195347 CLEARED THROUGH ITS MOUT OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York Nen York 10179 3 o Cash Flow Analysis Income Summary nes esNce MS PERIOD YENS TO DATE Opening Balance $O.00 Dividends 198.44 2,598.37 Money Fund 198.44 Total $198.44 $2,598.37 Amount Credited $198.44 Money Fund -198.44 Portfolio Composition Amount Debited $-198.44 CashCash Equivalent 51.894 Equities 578.500 Closing Balance $0.00 Total $630.394 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESORPTION SYMBOLUSIP DREYFUS CASH MANAGEMENT-CL A DICA INSTITUTIONAL SHARES EST, 30 DAY AVG VELD 4.8700% TOTAL CASH 8. CASH EQUIVALENTS QUANTITY 51.894.49 MAFIXE1 ESTIMATED CURFENr PRICE *NHL INCOME YEW l%) 1.0000 51,894 2,387 4.5998 $51,894 $2,387 027 06.01/08:1128 001 V909 ERNI. steams seamier* core Mafrotoch Conic. North 9coStlin. Nay York 1120/3959 EPSTEIN INTERESTS STATEMENT PERIOD APDI 29.2006 THROUGH May 31.2006 ACCOUNT NUMBER TAXPAYER MASSER On File LAST STATEMENT *11 28.2006 Your Portfolio Allocation Cash & Equvalent 8% Equities 92% Un*Oeeti Preen, denote 0001 OPtInCe omit, shod Ticket vat's. TM alocoma patomxp N clorhod from to attrolso manor, maluo os pxe octilmo. EFTA00195348 CLEARED THROUGH ITS YMDLLY OMED 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 Stearns at no cost, Customers can access this research at wvny,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them, ACCT DESCRATION SAISOLICUSIP TYPE warm PRCE MARKET VALLE (SIMMS') ARMOR INCOME CURFEW VELD DM ABERCROMBIE & FITCH CO-CL A ANF CASH BANPAIS SA-SPONSOREDADR 13PIBY CASH REPSTG 6 SER L SHS Total Equities& Options 10.000 20.000 57.8500 Unpriced 578.500 $578.500 7.000 $7.000 1.2100 TOTAL EQUITIES $578.500 $7.000 YOUR PORIFOLIOHOLDINGSESTIMAIED ANNUAL INCOME $9.387 YOUR PRICED PORTFOLIOHOLDINGS 6630.394 Transaction Detail MONEY FUND ACTIVITY DATE MOAT TRANSACTION 04/29/06 DESCRIPTION OPENINGBALANCE 51,696.05 SOJECRCUSIP OUNOTITY PACE 130II. steams section core One Mafrotech Conk. NOlth SiccItlin. New York 112013859 EPSTEIN INTERESTS STATEMENT PERIOD *11 29.2006 THROUGH May 31.2006 ACCCUNT NUMBER TAXPAYER MAURER Gfl File LAST STATEMENT *11 28.2006 CeIT AMOUNT CREDIT AMOUNT 027 06.01/013:1128 001 "909 EFTA00195349 CLEARED THROUGH ITS VOICU.Y ONIVED SU8SIDIAAv BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New York. Nen York 10179 5 ri Transaction Detail (continued) MONEY FUND ACTIVITY (continued) DATE MCVDAY TRANSACTION DESCRIPTCN SYMEAUCVSIP 05/01/06 DIVIDEND DREYFUS CASH MANAGEMENT-Cl. A DIC)3( INSTITUTIONAL SHARES MONTHLY DIVIDEND OVAN1RY PncE INNI. Stearns Securreas Core Ono Mafrotoch Conk. North Sco*No. New York 1120/3859 EPSTEIN INTERESTS STATEMENT PERIOD AO 29. 2006 THROUGH May 31.2006 ACCOUNT NUMBER TAXPAYER KAMER OR FIN LAST STATEMENT *11 28.2006 DEBIT AMOUNT CREDIT AMOUNT 198.44 OW01/06 REINVEST DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVEST DICU 198.44 198.44 05,31/06 CLOSINGBALANCE 51.894.49 TOTAL $.198.44 5198.44 End of Statement 027 06/01/06:1128 001 V909 EFTA00195350 CLEARED THROUGH ITS WHOLLY ONMED 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 LI3HaRMAN.IRA ....envuearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 3 Transaction Detail 4 Fund Activity 4 Your Portfolio at a Glance Illllllllllllllllllllllll EPSTEIN INTERESTS DTD 12/26191 JEFFERY E EPSTEIN & MARK L EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022-6843 Market Value of Your Portfolio TOTAL VALUE OF SECURITIES THIS PERIOD' 607.300 Dash & Equva —rnal $51.696 $51.507 MONEY MARKET FUND BALANCE 51.696 Equities NET EQUITY THIS PERIOD $658,996 NET EOUITY LAST STATEMENT 634.507 CHANGE SINCE LAST STATEMENT 24.489 'Go wade whales one or mow urpnced mantes INA are not release rite Taal Yea of Secwaos and ON Nei Ewen TMs Ponce& There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Noma mon oaf /Marone* or nontocom el tacks or mocks. coacmcol as doltrogoa to pou. lo CIdol Sonicoo al 800404-1429: or vava to nom Somcos a Bow. Steam &comes Cap.. One LInolocn Gorier North. 6rodlynNY *obsess 027 Current market value MO Last statements market value Sear. SleamS WAN. Cap. Coo Meactech Corder Noah Eatck/In. New Vcok 11201.3899 EPSTEIN INTERESTS STATEMENT PERIOD April I. 2006 THROUGH April 28.2006 ACCOUNT NUMBER TAXPAYER MAGER On File LAST STATEMENT March 31.2006 SI Ties romankr olconsounal pavan mainland en a he docusst lin Rahman, Woad Et retained for your records. Sn worse So for Inecelaea raommtma 04.42306,3623 001 V906 EFTA00195351 CLEARED THROUGH ITS WHOLLY OWED SU851OMRY 898f.510.9nIs SIMON COlD. One Mafrotoch Conk. North 9coStAn. New York 11201.3859 EPSTEIN INTERESTS 2 of s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 04..20(080833 001 V908 EFTA00195352 CLEARED THROUGH ITS VOICUY DMVED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YOrk Nen York 10179 3 o Cash Flow Analysis Income Summary THIS PERIOD MIS PERIOD YEAR TO DATE Opening Balance $0.00 Dividends 189.21 2,399.93 Money Fund 189.21 Total $189.21 $2,399.93 Amount Credited $189.21 Money Fund -189.21 Portfolio Composition Amount Debited $-189.21 CashICash Equivalent 51.696 Equities 607.300 Closing Balance $0.00 Total $658.996 Your Portfolio Holdings CASH & CASH EQUIVALENTS otscsemoN sysisoLcupo DREYFUS CASH MANAGEMENT-CL A DICA INSTITUTIONAL SHARES EST, 30 DAY AVG VELD 4,7100% TOTAL CASH 8, CASH EQUIVALENTS QUANTITY 51.696.05 MONET ESTIMATED CURRENT PRICE VN.UE AANAL INCOME TII9.0 PC) 1.0000 51.696 2.326 4.4994 $51,696 $2,326 027 04.29(080833 001 V908 DPI. Reams unyoe. Cory. Gne Metrotech Conk. HORN 9coStlin. Nyor York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD * 11 1.2006 THROUGH Apll 28.2006 ACCOUNT NUMBER TAXPAYER WESER On File LAST STATEMENT Mardi 31.2006 Your Portfolio Allocation Cash & Eqsnalem 7% Equities 93% Untedeti Preen, denote 000* OttenCe omit, shod Ticket vaitan alocama warm": is clowed from to amok*, manor, maw os pxe Actilmo. EFTA00195353 CLEARED THROUGH ITS WHOU.Y DMVED SUSSIDIAAv 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 Stearns at no cost, Customers can access this research at wvny,bearsteams,com or can call (BOO) 517-2327 to request that a copy of this research be sent to them, ACCT DESCRATION SAIBOL'CUSIP TYPE °twain PRCE MARKET VALLE ESTIMATED ANNA. INCOME CURFID/T YELD 1%1 ABERCROMBIE & FITCH CO-0.A ANF CASH BANPAIS SA-SPONSOREDADR 13PIBY CASH REPSTG 6 SER L SHS Total Equities& Options 10.000 20.000 60.7300 Unpriced 607300 6607.300 7.000 67.000 1.1526 TOTAL EQUITIES $607.300 57.000 YOUR PORIFOLIOHOLDINGSESTIMATED ANNUAL INCOME 69.326 YOUR PRICED PORTFOLIOHOLDINGS 5658.996 Transaction Detail MONEY FUND ACTIVITY DATE MOAT TRANSACTION 04101/06 DESORIPTIN OPENINGBALANCE 51,506.84 SYMECtiCUSIP OUANTITY PPCE DM. steams secw$n core Dne Metrotech Denim NOlth 8foRtlin. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD * 11 1.2006 THROUGH *1128.2006 ACCCUNT NUMBER TAXPAYER AVEMER On File LAST STATEMENT Minh 31.2006 COW AMOUNT CREDIT AMOUNT 027 04:28(080833 001 "908 EFTA00195354 CLEARED THROUGH ITS WHOLLY OWED $08SIDIAFiv 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 1.130AT TRANSACTION 04/03/06 DIVIDEND DESCRIPTCPI DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND SYMEAUCVSIP DIC)0( OVANiry POSE 1398f.SMERISRunk. COlD. Olen Metrotoch Conic. North 9fcc4t9n. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD AO 1.2006 THROUGH *11 28.2006 ACCCUNT NUMBER TAXPAYER NURSER On File LAST STATEMENT Mater 31.2006 DESIT AMOUNT CREDIT AMOUNT 189.21 04/03/06 REINVEST DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVEST DIC)OC 189.21 189.21 CLOSING BALANCE 51.696.05 TOTAL $-189.21 5189.21 End of Statement 027 04.28.080833 001 11908 EFTA00195355 CLEARED THROUGH ITS WHOLLY OMIED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York• New York 10179 ACCOUNT EXECUTIVE TELEPICCE VISIT OUR WEBSITE Z IC I la H tvIAN .IRA o.rm 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 TOTAL VALUE OF SECURITIES THIS PER/OD' 583.000 MONEY MARKET FUND BALANCE 51.507 IIIIIIIIIIIII iiiii 1111111111111 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 & funs/Mem —III NET EQUITY THIS PERIOD $634.507 NET EOUITY LAST STATEMENT 722,758 CHANGE SINCE LAST STATEMENT -88,251 seetklo 'dudes ere or MOW wonted smug:ten pe4 ere not "elected rite TOM Yen of Seciabes and the Ha (duty nn Need There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Equities Roma tow are diforonso a contecom el cream or mocks. ocacowd a dallefed to yOU. lo Gel Semen 01 800614-1428: a vat to Clom Semen a Boot Rearm Sccumes Cap.. One Memletb Carle, Honk BrooMpt NY. II201.3.60 $51,507 $49.558 $583,000 $673.200 Current market win MO Last =temente market value Beer. SOMAS WAIN COO. hop Llettoteth Cooler North Brock/in. New VGA 1120/3859 EPSTEIN INTERESTS STATEMENT PERICIO Muth 1.2006 THROUGH March 31.2006 ACCCUNT NUMBER TAXPAYER NUMBER On Fee LAST STATEMENT February 28.2006 e t 1/0. SOT•TerY a ke nrsonabanal atones** I Is not"leaded as a rat doomed Tin statemera shotkl be reams for your records See worn on fa. rowan reormasca 027 0401:06:10:28 001 V906 EFTA00195356 CLEARED THROUGH ITS WHOLLY CANNED SUBSIDIARY 1307i. SOW'S 500771001 GOO. One Mafrotoch Conk. North 1370:4tAn. New York 11201.3859 EPSTEIN INTERESTS 2 o15 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 04701,06:1028 001 EFTA00195357 CLEARED THROUGH ITS 1901CUY (AWED SUSSIDIAAv BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 3 ci Cash Flow Analysis THIS PERIOD Income Summary 094 PERIOD YEAR TO DATE Opening Balance $0.00 Dividends 1.948.60 2,210.72 Money Fund 198.60 Total $1,948.60 $2,210.72 Dividends Interest 1.750.00 Amount Credited $1,948.60 Portfolio Composition Money Fund -1.948.60 Cashtash Equivalent 51.507 Amount Debited $-1.948.60 Equities 583.000 Closing Balance $0.00 Total $634.507 Your Portfolio Holdings CASH & CASH EQUIVALENTS IMRKET ESTIMATED CURRENT DESCRPTION SIMBOUCUSIP ODANDTT PACE VALUE *mkt INCOME YIELD I%) DREYFUS CASH MANAGEMENT-CL A Diet< INSTITUTIONAL SHARES EST 30 DAY AVG YIELD 4 6500% TOTAL CASH 8 CASH EQUIVALENTS 51,506.84 1.0000 51.507 2.060 3.9995 551,507 $2,060 8.9. steams section core. Mafrotoch Conic. North 9coStlin. Nay York 1120/3959 EPSTEIN INTERESTS STATEMENT PERIOD March 1.2006 THROUGH March 31.2006 ACCOUNT NUMBER TAXPAYER MASER On File LAST STATEMENT February 28.2006 Your Portfolio Allocation Cash & Eqtayalent 8% Equities 92% Unteeeti Preen, donor* 000* OttenCe omit, shod Ticket vat's. TM alocoma patomxp es crowed from to attsolso (radio, maluo os pxe octilmo. 027 0401106:10:28 001 V906 EFTA00195358 CLEARED THROUGH ITS WHOU.Y ORIVED SUB IC/MEW 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 Stearns at no cost, Customers can access this research at wvny,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them, AOCT DESORPTION SYEIBOL'CUSIP TYPE warm PRCE MARKET VALLE ESTEEMED ARKIN. INCOME CURFEW VELD I%/ ABERCROMBIE & FITCH CO-CL A ANF CASH BANPAIS SA-SPONSOREDADR 13PIBY CASH REPSTG 6 SER L SHS Total Equities& Options 10.000 20.000 58.3000 Unpriced 583.000 $583.000 7,000 $7.000 1.2007 TOTAL EQUITIES $583.000 $7.000 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $9.060 YOUR PRICED PORTFOLIOHOLDINGS $634.507 Transaction Detail MONEY FUND ACTIVITY DATE MOAT TRANSACTION/ DESERET/3N 03/01/06 SYMEOLCUSIP &MI. steams &noon core. One Mototoch Conic. NOlth 8coStlin. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD March 1.2006 THROUGH March 31.2006 ACCOUNT NUMBER TAXPAYER KAMER On Flk LAST STATEMENT February 28.2006 OUPARRY PACE MIT AMOUNT CREDIT AMOUNT OPENINGBALANCE 49,558.24 027 0401,CS:10 28 001 v906 EFTA00195359 CLEARED THROUGH ITS IMICUY OMMED SUBSOIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 5 cis Transaction Detail (continued) MONEY FUND ACTIVITY (continued) DATE MGVAY TRANSACTOR DESCRIPTOR SYMEOUCVSIP (*AWRY PRICE DEBIT AMOUNT CREDIT AMOUNT 03/01/06 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DIC)0( 198.60 INSTITUTIONAL SHARES MONTHLY DIVIDEND 03/01/06 REINVEST DREYFUS CASH MANAGEMENT-CL A DICA 198.60 198.60 INSTITUTIONAL SHARES DIVIDEND REINVEST 03+2 1106 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICA 1.750 1.0000 1,750.00 INSTITUTIONAL SHARES 03,31/06 CLOSING BALANCE 51.50604 TOTAL 5.1.948.60 $198.60 DIVIDENDS 13408I. Steams SeanOn Coro. Coo ma:ratan Conk. North 9Ndtlin. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD March 1.2006 THROUGH Myth 31.2006 AGGCUNIT NUMBER TAXPAYER MAISER On File LAST STATEMENT February 28.2006 DATE GESCRPTION 03/21/06 ABERCROMBIE & FITCH CO-CL A REC 02,28t06 PAY 0312606 SYME/WCUSIP ANF OUOMMT RATE IM 10,000 0.1750 DER! AMOUNT CREDIT AMOUNT 1.750.00 TOTAL $1.750.00 End of Statement 027 04.0146:10 28 001 EFTA00195360 CLEARED THROUGH ITS Maly OMED 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 67A1 uearstearns.COM What's In This Statement Financial Summary 3 Your Portfolio Holdings 3 Transaction Detail 4 Fund Activity 5 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PER/OD' 673,200 MONEY MARKET FUND BALANCE 49,558 luillIlmll I I II I I I I II I I I I i ll lllll _I .1_1 I II 11_111_11 11 II I I I__ 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 & Equivalent $49.558 574,296 NET EQUITY THIS PERIOD $722,758 NET EQUITY LAST STATEMENT 738.196 CHANGE SINCE LAST STATEMENT -15,438 -mu pattc10 mduclas a Of MOW 1.41NICOd C1WdOS P* are Oct retested n K Tclal Yale el Staabes and the Net Eque/ The Pea There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Equities H P1050 row any diforanoo a nantactiot of teat or MOCKS. memos.] as &Ora to p5u. Clent Sanicos at 800614.1428: a veto to Clam SONICOS a Som. Steam Sccumos Cap.. One lAttokKli Carly North. 13rodlyn, NY. I12014059 Current market value MO Last statements market value $673.200 $663.900 EIBBI.SleaMB Sara, Cap. One Matrotach Conk. NOM 97ocklin. Nva Yolk 1120/3859 EPSTEIN INTERESTS STATEMENT PERIOD February 1.2006 THROUGH February 28.2006 ACCCUNT NUMBER TAXPAYER NUMBER On He LAST STATEMENT January 3 I . 2006 SIK INS PeraPi a for m7Ormaal Btrposes a a Is ra revelednatal damn Ilvs statara should be retuned for your records See trent a he mad ricautim 027 0201706:08:04 001 V902 EFTA00195361 CLEARED THROUGH ITS WHEW. ODAJED SUBSIDIARY 1398f.SDArnIs SOOtxl081 COr0 One Mafrotoch Conk. North 9mAAlm. New York 11201.3859 EPSTEIN INTERESTS 2 o19 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0001.06:08:08 001 V902 EFTA00195362 CLEARED THROUGH ITS IMICUY CANNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York Nen York 10179 3 ri Cash Flow Analysis Income Summary THIS PERIOD INS PERIOD YEAR TO DATE Opening Balance $0.00 Dividends 262.12 262.12 Money Fund 25,262.12 Total 5262.12 $262.12 Amount Credited $25.262.12 Money Fund -262.12 Portfolio Composition Funds Withdrawn -25.000.00 Cashtash Equivalent 49,558 Amount Debited $-25,262.12 Equities 673,200 Closing Balance $0.00 Total $722.758 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCNI>hOh SYMBOLiCUSIP MARKET ESTIMATED CLRRENT °Waif) PRICE VALUE AN'IlUAL INCOME YO.D DREYFUS CASH MANAGEMENT-CL A DIC/C( INSTITUTIONAL SHARES EST 30 DAY AVG new 4 3600% TOTAL CASH & CASH EQUIVALENTS 49.558.24 1.0000 49.558 2.081 4.1991 $49,558 52,081 ENV. steams servings coin One Ma rotah Cala North New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD February 1,2006 THROUGH February 28.2006 ACCOUNT NUMBER TAXPAYER MASSER Orl File LAST STATEMENT January 31.2006 Your Portfolio Allocation Cash & Equivalent 6% Equities 94% Untedeti Preen, Oonoto Oat bane omit. 'hal Ticket vat's. TM alooaticn patentor is awed from to atoolso minim obo or ate ariMio. 027 0101.06:08:04 001 V902 EFTA00195363 CLEARED THROUGH ITS MOUT DMVED SUSSIDIAAv 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 Stearns at no cost, Customers can access this research at wvy,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them, AOCT DESORPTION SYMBOL'CUSIP TYPE warm PRCE MARKET VALUE (STOWED ARKIN. INCOME CIATID/T YELDI%4 ABERCROMBIE & FITCH CO-CL A ANF CASH BANPAIS SA-SPONSOREDADR 13PIBY CASH REPSTG 6 SER L SHS Total Equities& Options 10.000 20.000 67.3200 Unpriced 673.200 $673.200 7.000 $7.000 1.0398 TOTAL EQUITIES $673.200 $7.000 YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME $9.081 YOUR PRICEDPORTFOLIOHOLDINGS $722.758 Transaction Detail DEPOSITS AND WITHDRAWALS DATE TRIAISACTON DESCkViCti 02/13/06 FND WIRED WIRED TO i NA r FOtt03737 TOTAL 8-25,000.00 DESIT AMODIT CREDIT AMOUNT 25,000.00 027 0101.06:08:04 001 DN.Steam Seeurrees Core One Mafrotech Conk. North 9coStlin. Mow York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD February 1,2006 THROUGH February 28.2006 ACCCUNT NUMBER TAXPAYER MAWR On File LAST STATEMENT January 31.2006 %VW EFTA00195364 CLEARED THROUGH ITS VOICUY DMVED SUBIC/Mire BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New YOrk New York 10179 DM. Stearns Serenest Core. One Mafrotoch Conk. North 9caltlin. New York 11201.3859 EPSTEIN INTERESTS 5 v, Transaction Detail MONEY FUND ACTIVITY CLCE (continued) STATEMENT PERIOD February 1,2006 THROUGH February 28.2006 ACCOUNT NUMBER TAXPAYER KISSER On File LAST STATEMENT January 31.2006 WIDAY TRA,J,SICON CESOIIPTIDN SYMEDAySiP OVAMITV PRICE DEEM AMOUNT CREDIT AMCDNI 02/01/06 OPENINGBALANCE 74.296.12 02/01/06 DIVIDEND 02,01/06 REINVEST DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICXX DICXX 262.12 262.12 262.12 INSTITUTIONAL SHARES DIVIDEND REINVEST 02/13/06 SOW DREYFUS CASH MANAGEMENT-CL A DICXX -25.000 1.0000 25.000.00 02/28/06 INSIMITIONAL SHARES CLOSINGBALANCE 49.558.24 TOTAL $262.12 $25.262.12 End of Statement 027 0101/08:08:04 001 EFTA00195365 CLEARED THROUGH ITS Vi110M.Y 0811.1E0 SUESICHAFW BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York New York 10179 ACCOUNT EXECUTIVE TELEPtCtE VISIT OUR WEBSITE LICHERMAN.IRA eiww.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 TOTAL VALUE OF SECURITIES THIS PER/00' 663.900 MONEY MARKET FUND BALANCE 74.296 IIIIIIIIIIIII iiiii 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 —II 574.296 574,046 NET EQUITY THIS PERIOD $738,196 NET EOUITY LAST STATEMENT 725.846 CHANGE SINCE LAST STATEMENT 12.350 my, patrol ordain one of mow arced smarm Put are not related H Tie Taal Yea el Saab's and Oa Na Ewa This Paul There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Equities Pio.= rood ant Offorocco a rfor.foctiot of tacks or sKKks. eidicolod as clottrofoti l0 you. 10 Gent Swims of 8004334-1428: a veto to Clam Sank.. a Bow. Steam &collies Cap.. One Llaroltai Gahm North. 13roollyn, NY. 112014859 11111111111111111111111111111111111111111111111111 Current market visit* Last statement's market value $663.900 6651.800 Sat. SOMAS Wanks Corp. Ora Metrotech Gallas Noah Eatat5n, New York 1120/.3959 EPSTEIN INTERESTS STATEMENT PER100 December 31.2005 THROUGH January 31.2036 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT December 30.2005 ST an 'Munn to rot 111801Mberal Manes ally a k net rivaled as a Mr dowdne lass St Mena shared be retained for yaw records Ste worn Sr fa 'watt rdermanan 027 OZOIG6:18:32 001 V900 EFTA00195366 CLEARED THROUGH ITS WHOLLY ODAJED SUBSIDIARY 1398f.SDArnIs SOONIIkA COr0 One Mafrotoch Conk. North 9coStAn. New York 11201.3859 EPSTEIN INTERESTS 2 o15 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 020146:18:32 001 V900 EFTA00195367 CLEARED THROUGH ITS IMICUY GMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 seer. Steams Maxine. Coin One Mafrobsch Conk. North 9coStlin. New York 1120/3859 EPSTEIN INTERESTS 3 vi STATEMENT PERK* December 31.2006 THROUGH January 31.2006 Cash Flow Analysis Portfolio Composition ACCOUNT NUMBER TAXPAYER PAISSER On File THIS PERIOD Cash'Cash Equivalent 74.296 LAST STATEMENT December 30.2006 Opening Balance $0.00 Equities 663.900 Money Fund 249.85 Total $738.196 Amount Credited $249.85 Money Fund -249.85 Amount Debited $-249.85 Closing Balance $0.00 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRIPTION SYMBOUOISIP DREYFUS CASH MANAGEMENT-CL A DIOCC INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 4,1800% TOTAL CASH & CASH EQUIVALENTS MARKET ESTIMATED CLRFENT OUANTITT PRICE ANNLAL re,ICl/E r. 74,296.12 1.0000 74,296 3,046 4.0998 $74,296 $3,046 027 02,0146:18:32 001 Your Portfolio Allocation Cash & EqJnalent 104 Equities 90% Undm0od porno's donor* 000* 0ttanoe on0c shod maim vain TM alocoma patomps is crowed from tho amok*, marker maluo ,ote parfait*. Y900 EFTA00195368 CLEARED THROUGH ITS WHOU.Y CRANED SUBS101ARY 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 Stearns at no cost, Customers can access this research at wvAv,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them, ACCT DESORPTION STMBOL'CUSIP TIN wenn PRCE MARKET VALUE UNWED ANATOL INCOME CURFINT YELD l%4 ABERCROMBIE & FITCH CO-CL A ANF CASH BANPAIS SA-SPONSOREDADR 13PIBY CASH REPSTG 6 SER L SHS Total Equities& Options 10.000 20.000 66.3900 Unpriced 663.900 $663.900 7.000 $7.000 1.0544 TOTAL EQUITIES $663.900 $7.000 YOUR PORIFOLIOHOLDINGSESTIMAIED ANNUAL INCOME $10,046 YOUR PRICED PORTFOLIOHOLDINGS $738.196 Transaction Detail MONEY FUND ACTIVITY DATE MOAT TRANSACTON 12/31/05 DESORIPTON OPENINGBALANCE 74,046.27 SYMODUCUSIP WIMP( PACE Bear. Steams Secedes. Core One Mafrotech Conk. North 9foRtlot New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD December 31.2005 THROUGH January 31.2006 ACCOUNT NUMBER TAXPAYER KAMER On File LAST STATEMENT December 30.2006 DONT AMOUNT CREDIT AMOUNT 027 020146:18:32 001 '.903 EFTA00195369 CLEARED THROUGH ITS VOICUY OMPTED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 5 Transaction Detail (continued) MONEY FUND ACTIVITY (continued) seer. Stearns Seetwees Come. Ono Mafrotoch Conic. North 9coStlin. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIM December 31.2005 THROUGH January 31.2006 ACCOUNT NUMBER TAXPAYER NUUSER Ofl File LAST STATEMENT December 30.2005 DATE AKTOAY TRANSACTICN DESCRIPMN SYMEWCTISIP CAMNTRY PRICE DEBIT AMOUNT 01/03/06 REINVEST DREYFUS CASH MANAGEMENT-CL A DOCK 249.85 249.85 INSTITUTIONAL SHARES DIVIDEND REINVEST CREDIT AMOUNT 01/03/06 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICA INSTITUTIONAL SHARES AMT INCLUDED IN 2005 - 1099 249.85 01!31/06 CLOSINGBALANCE 74,296.12 TOTAL $-249.85 $249.85 End of Statement 027 01J01108:18:32 001 EFTA00195370