EFTA00195371.pdf

Statements EFTA00195371 CLEARED THROUGH ITS WIICUY OWED SWOT/MAY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York Nee York 10179 INVESTMENT PROFESSIONAL ZICHERMAN.IFLA TELEPHONE VISIT OUR WEBSITE nyny.bearstearns.com What's In This Statement Financial Summary ................,............... 3 EPSTEIN INTERESTS Your Portfolio Holdings „,„„,„„„,„ ..... „„, 4 DTD 12/26/91 5 JEFFERY E EPSTEIN & MARK L Fund Activity ............... ..... ...................... 5 EPSTEIN & WILLIAM ELKUS TTEES Your Messages ..... 6 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022.6843 Your Portfolio at a Glance Cash & Eqqvalent Market Value of Your Portfolio $271.1 IS TOTAL VALUE Cf SECURITIES THIS PERIOD* 349,500 $269.973 MONEY MARKET FUND BALANCE 271,118 Equities 349.500 $ NET EQUITY This PERIOD $620,618 Current market value NET ECUITY LAST STATEMENT 634,873 MO Last statements market value CHANGE SINCE LAST STATEMENT •14,255 my, pattclo mclucles cine ef MOW 'RIMS mowins /,at ere Oct /elected nix Total Yartae el Startle, ad the Na Emit/ Tha Pand There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. R050 rood oar Mama a rawcomot of &SS or MOCKS. oldIC0100 ni d011nIrod 10 p5u. 10 Clnnl SO NO,: el 800614.1428: a Mt to Clad SONIC.. a BON. &0,1010 SeCuMOS Cap.. One lAttoMcli Cada Hot. 8reeIbri, NY. 112014859 027 Seer. Steams WORM GOO. One Netrateca COMO! North Bros nln. Myer Yolk 1120/3959 EPSTEIN INTERESTS STATEMENT PERK* June 30.2007 THROUGH Jul, 31.2007 ALLOW! NUMBER TAXPAYER OMMBER On File LAST STATEMENT June 29.2007 sIK This summary is for informational purposes only. It is not intended as a lax document. This statement should be retained for your records. See reverse side for important information. osvircim739 001 V015 EFTA00195372 CLEARED THROUGH ITS ODIVED SU951OMRY ENV. SttenIs SOOtelke GOO One Merotoch Conley North 9occItIrn. New York 11201.3859 EPSTEIN INTERESTS 2 of STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0895110707:19 001 W15 EFTA00195373 CLEARED THROUGH ITS WHOLLY CONNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUli ACcOliNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York. Nell York 10179 3 ci Cash Flow Analysis Income Summary NIS PERIOD INS PEFICO NEAR 10 DATE LAST STATEMENT June 29.2007 Opening Balance $0.00 Dividends 1.14437 8,807.60 Money Fund 1.144.87 Total $1,144.87 $8,807.60 Amount Credited $1.144.87 Money Fund -1.144.87 Portfolio Composition Amount Debited $-1.144.87 CashiCash Equivalent 271.118 Equities 349.500 Closing Balance $0.00 Total $620.618 DON. SLUMS SIMON GOO. One Mentech Conte North Dinneen. New Volk 11201.1859 EPSTEIN INTERESTS STATEMENT PERK* June 30.2007 THROUGH July 31. 2007 =COLN! NUMBER TAXPAYER M* ER On File 027 Your Portfolio Allocation ieszkaEquwatent a cites 564 OW01.17707:19 001 8015 Unteeend prove clew* eat balance ander shoe market vemn Ma alumni'. patentor N clawed Korn to atria-so Amen maw or ',xi porton*. EFTA00195374 CLEARED THROUGH ITS WHOLLY OWED SUMMER. BEAR STEARNS OFFICE SERVING YOUR AC/OriNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 4 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRPROti STSIBOUCWIP DREYFUS CASH MANAGEMENT-CL A DICA INSTITUTIONAL SHARES EST. 30 DAY AVG YIELD 5.2100% TOTAL CASH & CASH EQUIVALENTS $271.118 OUANTITY 271,117.87 WHIST PRICE VALUE 1.0000 271,118 EQUITIES ENV. Steams Servings Corn Ono Marotoch Conic. North Sycddrn. New York 112013559 EPSTEIN INTERESTS STATEMENT PERIOD June 30.2007 THROUGH Jul 31.2007 ACCOUNT NUMBER TAXPAYER AMMER On File LAST MAMIE& June 29.2007 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 iwatbearsteams.com or can call (800) 517.2327 to request that a copy of this research be sent to them. DESCRPTION SYMMCUSIP ACCT TYPE DUMMY PRCE MARTO VALUE ESTIMATED Nahum. /WOW ESTIMATED YEW l%4 ABERCROMBIE & FITCH CO-Cl. A ANF CASH 5,000 69.9000 349.500 3.500 1.0014 BSC RAGING: STOCK 0/SECTOR MW BUCKINGHAM RFT:KAMM RATING: B BANPAIS SA-SPONSOREDADR ElPIBv CASH 20,000 Unpriced REPSTO 6 SER L SHS Total Equities& Options $349.500 $3.500 TOTAL EQUITIES $349.500 $3.500 027 MOU07EIT.I9 001 W15 EFTA00195375 CLEARED THROUGH ITS WHOLLY OGIVED SUSSIDIAAT BEAR STEARNS OFFICE SERVICING YOUR ACrOliNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York. Nell York 10179 5 c/ Your Portfolio Holdings (continued) YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $3.500 YOUR PRICED PORTFOLIOHOLDINGS $620.618 Transaction Detail MONEY FUND ACTIVITY steams STOWS& GOO Ono Marotock Conic. North 9TccIthn. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIM June 30.2007 THROUGH Jul 31.2007 ACCOUNT NUMBER TAXPAYER MASER On FIk LAST MAMIE& June 29.2007 RATE MO.DAY TRANSACTION DESCRIPTION SYSIECUCUSIP OUHNTRY ONCE CR& AMOUNT CREDIT ALICTOO 06/30/07 OPENINGBALANCE 269.973 07/02107 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICXX 1.144.87 INSTITUTIONAL SHARES MONTItY DIVIDEND 07/02/07 REINVEST DREYFUS CASH MANAGEMENT-CL A Dien< 1.144.87 1.14487 INSTITUTIONAL SHARES DIVIDEND REINVEST 07/31;07 CLOSINGBALANCE 271.117.87 TOTAL $4.144.87 $1.144.87 027 01,01/07/37:19 001 VOIS EFTA00195376 CLEARED THROUGH ITS VOICUY ODIVED SUSSIDIAAv BEAR STEARNS OFFICE SERVICING YOUR ACcOliNT Bear. Steams 8 Co. Inc. 383 Madison Avenue New York. Nee York 10179 6 Your messages You are advised to promptly report any inaccuracy or discrepancy in your account to your broker and Bear, Steams Securities Corp, (BSSC') at the telephone numbers listed on the front of this statement, In order to protect your rights, including any rights under the Securities Investor Protection Act ("SIPA"), any such communications should be reconfirmed in writing to your broker and BSSC at the addresses which appear on the front of this statement, End of Statement 027 0591107,37:19 001 W15 END. Steams secw$n Core Ono Metrotock Conk. North 9calt5n. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERK* June 30.2007 THROUGH Jul 31.2007 ACCOUNT NUMBER TAXPAYER ARNSER On File LAST STATEMENT June 29.2007 EFTA00195377 CLEARED THROUGH ITS WHOLLY 01W.ED SUBSIDIARY BEAR STEARNS OFFICE SERVICK+3 YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. New York 10179 INVESTMENT PROFESSIONAL ZICHERMAN.IRA TELEPHONE VISIT OUR WHERE wrAv.bearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings „,„„,„„„,„ ..... „„, 4 5 5 Your Messages ..... 6 Fund Activity .......................................... Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD' 364,900 MONEY MARKET FUND BALANCE 269,973 L1110111111 ..... 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 & Equvaient 5269373 5267.923 NET EQUITY THIS PERIOD $634,873 NET EOUITY LAST STATEMENT 681,173 CHANGE SINCE LAST STATEMENT -46,300 pat1/410 mcludes one Of MOW apnea: warden esal are not release nt,e Taal Wive of Seasset at the Het Ewe/ Thia PenxI There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Equities P1050 row ant Mama a rawaaix of Chitki or MOCKS. oldIC0100 ap Clak0f0d 10 ,.0u. ZORN Simon al 800611.1128: a yet le Clom Soak.. a Sea &warm SeCuMOS Cap.. One lAflolali Cella Horn. Brodlri, NY. 112014859 027 364 , Current market value MO Last statements market value 00 $413.250 Seer. 51WAS SO0trilit. Corp. cae Maratch Center North etCCidel. He* Yak 1120/3959 EPSTEIN INTERESTS STATEMENT PERIOD June 1.2007 THROUGH June 29.2007 ACCOUNT NUMBER TAXPAYER WINDER OR File LAST STATEMENT May 31.2007 sIK This summary is for informational purposes only. It is not intended as a lax document. This statement should be retained for our records. See reverse side for important information. 060300707:43 001 v011 EFTA00195378 CLEARED THROUGH ITS WHOlLY OWED SU8510MRY 1398f.514WAS SOOtxl081 COr0 One Mafrotoch Conk. North 9co9tAn. New York 11201.3859 EPSTEIN INTERESTS 2 01 7 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 06.30.0707A3 001 V011 EFTA00195379 CLEARED THROUGH ITS 19/11CU.Y ORIVED SU6SOIARY BEAR STEARNS OFFICE SERVICING YCUR ACCCUNT Bear. Steams 8 Co. Inc. 383 Madison Avenue New York. New York 10179 Beet. steams SIMON Gap. One Mafrotech Conk. North 9coNtlin. New Yolk 1120/3959 EPSTEIN INTERESTS 3 cl STATEMENT PERIOD June 1.2007 THROUGH June 29.2007 Cash Flow Analysis Income Summary ACCOUNT NUMBER TAXPAYER NULI3ER OR PIM THIS PERI00 THIS PERIOD YEAR TO DATE LAST STATEMENT May 31.2007 Opening Balance $0.00 Dividends 2.050.49 7,662.73 Money Fund 1.175.49 Total $2,050.49 $7,662.73 Dividends/Interest 875.00 Amount Credited $2.050.49 Portfolio Composition Money Fund -2.050.49 CashiCash Equivalent 269.973 Amount Debited $-2,050.49 Equities 364.900 Closing Balance $0.00 Total $634,873 027 Your Portfolio Allocation Cash sEquivaient 43% Equities 09309707:43 001 ‘,01i 57% Unda0e0 pacer* Ono* aeon Ottonce an0'> that maim vaos. TtMoellM pompous is clonatd from Oro atrial= market wkro or ,tte pos0olo. EFTA00195380 CLEARED THROUGH ITS WHOU.Y CONNED SUBIC/Min. BEAR STEARNS OFFICE SERVICING YOUR AC/OriNT Bear. Stearns & Co. Inc. 383 Madison Avenue New Y New York 10179 4 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRPI1011 SYMBOUCuSIP DREYFUS CASH MANAGEMENT-CL A DIOCe INSTITUTIONAL SNARES EST. 30 DAY AVG YIELD 5.2200% TOTAL CASH & CASH EQUIVALENTS $269.973 OUANITTY 269,973 MAI,NET PRICE 1.0000 269.973 EQUITIES &W. Steam Set:wines Corn ow Mefrotoch Conk. North ScoUten. New York 112014559 EPSTEIN INTERESTS STATEMENT PERK* June 1.2007 THROUGH June 29.2007 ACCCUNT NUMBER TAXPAYER AVIJSER On FIk LAST STATEMENT May 31.2007 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 iwatbearsteams.com or can call (800) 517.2327 to request that a copy of this research be sent to them. DESCRPTION SIMEMCVSIP ACCT TYPE OUANNTY PRCE MARKET VALVE ESTIMATED MiMPItiC01.1E ESTIMATED VELD 11/} ABERCROMBIE & FITCH CO-C1. A ANF CASH 5,000 72.9800 364.900 3.500 0.9592 BSC RAMO: STOCK 0/SECTOR MW BUCKINGHAM BF:FISCH RATING: B BANPAIS SA-SPONSOREDADR BPIBY CASH 20,000 Unpriced REPSTO 6 SEA L SHS Total Equities& Options $364.900 53.500 TOTAL EQUITIES 9364.900 53.500 027 060300707:43 001 V011 EFTA00195381 CLEARED THROUGH ITS vmCuy ORTRED SUBSIDIARY BEAR STEARNS OFFICE SEMACiNG YOUR ACcOliNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York. Nell York 10179 5 vi Your Portfolio Holdings (continued) YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $3.500 YOUR PRICED PORTFOLIOHOLDINGS 8634.873 Transaction Detail MONEY FUND ACTIVITY Oar. Reams Seoudiko Cup Ono Movotech Cooler North Ekeddon. New Vet* 1120/3959 EPSTEIN INTERESTS STATEMENT PERK* June 1.2007 THROUGH June 29.2007 AccouNT NUMBER TAXPAYER AMBER On File LAST STATEMENT May 31.2007 VrE MODAT TRANSACTION CESCA:PRON SYMECL,CLGU1 OuANTST PRCE DORT AMOUNT CREDIT MUM 06,01/07 OPENINGBALANCE 267.922.51 06,01/07 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICXX 1.175.49 INSTITUTIONAL SNARES IAONTNLY DIVIDEND 06,01/07 REINVEST DREYFUS CASH MANAGEMENT-CL A DICXX 1.175.49 1.175.49 INSTITUTIONAL SHARES DIVIDEND REINVEST 06,26107 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICXX 875 1.0000 875.00 INSTITUTIONAL SNARES 06129;07 CLOSINGBALANCE 269.973 TOTAL $.2.050A9 $1.175.49 027 060300707:43 001 VOIT EFTA00195382 CLEARED THROUGH ITS WHC:U.Y OGMED SUBIC/Min, BEAR STEARNS OFFICE SERVICING YOUR ACcOliNT Bear. Stearns 8. Co. Inc. 383 Madison Avenue New York. Nell York 10179 6 v, Transaction Detail (continued) DIVIDENDS DATE DESCRPTION SYMDCECVSIP ctievrn RUNE :SI 06/28/07 ABERCROMBIE & FITCH CO-CL A ANF 5.000 0.1750 RR 06/05/07 PAY 06/26/07 CENT AMOUNT EOM StearAS $ecw$n COM One Marotoch Conley North Soccklin. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PER100 June 1.2007 THROUGH June 29.2007 ACCOUNT NUMBER TAXPAYER MASER Cti File LAST STATEMENT May 31.2007 GREW AMOUNT 875.00 TOTAL $875.00 Your messages 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. 027 ra' SPECIAL NOTICE FOR MARGIN CUSTOMERS If you are a customer with a margin account, you consent to Bear Steams right to use, lend or pledge any securities held by Bear Stearns in your margin account. In certain circumstances, such loans or other use may limit, in whole or in part, your ability to receive dividends directly from the issuing company and/or your right to exercise voting and other attendant rights of ownership with respect to the loaned, sold or pledged securities. Such circumstances include, but are not limited to, bans of securities that you own in your margin account that continue over record dates for voting purposes and ex•dividend dates for dividend distributions. If you do not receive dividends directly from the issuing company, you may receive payments-in-lieu of dividends which could cause you to lose the benefit of the preferential tax treatment accorded to dividends. 060300707:43 001 V011 EFTA00195383 CLEARED THROUGH ITS VOICU.Y ODIVED SUBSIDIARY BUR STEARNS OFFICE SERVICING YOUR ACcOliNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 7 Bar You are advised to promptly report any inaccuracy or discrepancy in your account to your broker and Bear, Stearns Securities Corp. ('BSSC') at the telephone numbers listed on the front of this statement. In order to protect your rights, including any rights under the Securities Investor Protection Act (SIPA"), any such communications should be reconfirmed in writing to your broker and BSSC at the addresses which appear on the front of this statement. End of Statement 027 &mi.Steams Seadifef Coo Coo Matrotech Conk. North aroUtEn. Nam York 112014559 EPSTEIN INTERESTS STATEMENT PERK* June 1.2007 THROUGH June 29.2007 ACCOUNT NUMBER TAXPAYER IDJUSER On File LAST STATEMENT May 31.2007 In an effort to maximize execution quality, Bear Stearns may route your equity orders to its Smart Order Router (SOR). The SOR accepts limit and market orders and automates their routing across several sources of liquidity in an attempt to maximize price and minimize market impact with respect to your order, The SOR routes orders using proprietary algorithms that scan exchanges, ECN's and other liquidity venues before it decides a strategy designed to achieve an optimal execution for clients. The SOR may in the course of executing an instruction change the entered order type from market to limit or may change the entered limit price in an attempt to obtain the best price, Although the Firm believes that the regular use of this technology benefits clients by achieving overall better execution quality, we cannot guarantee an optimal execution on any individual order, 06'30,0707AS 001 V011 EFTA00195384 CLEARED THROUGH ITS MOLLY OVMED SLISSIDMAY BEAR STEARNS OFFICE SERVICING YOUR ACPOONT Bear. Stearns Si Co. Inc. 383 Madison Avenue New York. Nell York 10179 INVESTMENT PROFESSIONAL ZICHERMANJRA TELEPHONE VISIT OUR WEBSITE iwAy.bearstearns.com What's In This Statement Financial Summary ................................ 3 Your Portfolio Holdings ........................... 4 5 5 Your Messages ..... 6 Fund Activity ............... ..... ...................... Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD* 413,250 MONEY MARKET FUND BALANCE 267,923 NET EQUITY THIS PERIOD $681,173 NET EOUITY LAST STATEMENT 675,093 CHANGE SINCE LAST STATEMENT 6,080 sat/clo .'dudes one of mow 'synced mufti's Pat ere Oct "elected n We Taal Vow PI Secwbes at the Ike Ewe/ The Prod 1111111111.111111111111111111111111111111111111111111111111111 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 Equirment Equities H Current market value There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roza copal ant drforonoo a fioorocola 01 cheats or sKKks. eiclicolal z clakorod to ,cu. lo Gael Sonic*. al 800614.1428: a vat° lo Clam Santos a Boa. Stoarrn &audios Ca,. One 1.1flok•cli Ceolw NOM. OwoN,n, NY 11201441 027 $267.923 $266.793 le Last statements market value $413250 5409.300 Beet. Stases SIMON Gap. Cne Mefrotech Center North New Vock 1120/3959 EPSTEIN INTERESTS STATEMENT PERIOD May 1.2007 THROUGH May 31.2007 ACCOUNT NUMBER TAXPAYER WMBER On File LAST STATEMENT April 30.2007 sIK This summary is for informational purposes only. It is not intended as a lax document. This statement should be retained for our records. See reverse side for important information. 06.01/0705A4 001 VOID EFTA00195385 CLEARED THROUGH ITS WHOLLY OWED SU851OMRY ENV. SOWN SOOtelke GOO One Me rotoch Conk. North 9co9tNn. New York 11201.3859 EPSTEIN INTERESTS 2 of STATEMENT BACKER IS PRINTED ON THIS PAGE 027 06.01/0705A4 001 8010 EFTA00195386 CLEARED THROUGH ITS MELLY OMED SLISSIDIAAv BEAR STEARNS OFFICE SERVICING YOUR AVOW Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YOrk Nell York 10179 tee'. steams seam., coip. coo Metrotech Conte. North &ccAttn. New York 11201.3859 EPSTEIN INTERESTS 3 STATEMENT PERIOD May 1.2007 THROUGH May 31,2007 Cash Flow Analysis Income Summary ACCOUNT NUMBER TAXPAYER AAMER ON File THIS PEFICO 046 PEFOOD YEAR 70 DATE LAST STATEMENT WI 30.2007 Opening Balance $0.00 Dividends 1,129.27 5,612.24 Money Fund 1.129.27 Total $1,129.27 $5,612.24 Amount Credited $1,129.27 Money Fund -1.129.27 Portfolio Composition Amount Debited $-1.129.27 CashlCash Equivalent 267,923 Equities 413,250 Closing Balance $0.00 Total $681,173 027 Cash &Equtvamni 40% 06.01/0705A4 001 VOID Your Portfolio Allocation 'I quitos 60% Untatbeed pomons amok Oat balance wick, shod martac votes. Tho oboallen patentor is cloraed from to amnia* market WIJO OF 'Oa OCTOMO. EFTA00195387 CLEARED THROUGH ITS YRICUY OWED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR AC/OliNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 4 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRPRON SYMBOUCuSIP DREYFUS CASH MANAGEMENT-CL A DIOC( INSTITUTIONAL SHARES EST. 30 DAY AVG YIELD 5,1900% TOTAL CASH & CASH EQUIVALENTS $267,923 OUAPITITY 267,922.51 PAANIET PRICE VALUE 1.0000 267,923 EQUITIES &W. Steam SOIVION. Cap. Mafrotech Conk. NOlth Sco:Itlin. New York 11201.3559 EPSTEIN INTERESTS STATEMENT PERIOD May 1,2007 THROUGH May 31,2007 ACCOUNT NUMBER TAXPAYER AMMER On File LAST STATEMENT April 30.2007 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 iwatbearsteams.com or can call (800) 517.2327 to request that a copy of this research be sent to them. DESCRATION SYLISCIJCUSIP ACCT Mt OUANSTY NICE MARKET VALLE ESTIMATED ANNUAL INCOME ESTIMATED YELID I%) ABERCROMBIE & FITCH CO-C1. A ANF CASH 5,000 82.6500 413,250 3.500 03469 BSC RAMO: STOCK 0/SECTOR MW BUCKINGHAM BF:FISCH RATING: B BANPAIS SA-SPONSOREDADR BPIBY CASH 20,000 Unpriced REPSTO 6 SEA L SHS Total Equities& Options $413,250 $3500 TOTAL EQUITIES $413,250 $3.500 027 06.01/0705A4 001 VOID EFTA00195388 CLEARED THROUGH ITS MELLY OMIVED SUSSIDIAAv BEAR STEARNS COME SERVICING YOUR ACcOliNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York, Nell York 10179 5 c/ Your Portfolio Holdings (continued) YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $3.500 YOUR PRICED PORTFOLIOHOLDINGS $681.173 Transaction Detail MONEY FUND ACTIVITY EMU SHOres Sawlike GOO One Matrotoch Conic/ North 9occklin. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD May 1,2007 THROUGH May 31,2007 ACCOUNT NUMBER TAXPAYER KAMER On He LAST STATEMENT 143,11 30.2007 KrE 1.10.DAY IMITSACTiCer DESOIIIPTON SY1.103LiCUSIP OUM/TRY PO.CE COST AMOURT CREDIT ALMS, 05/01/07 OPENINGBALANCE 266,793.24 05/01/07 DIVIDEND DREYFUS CASH MANAGEMENT-CL A D1CXX 1,129.27 INSTITUTIONAL SHARES MONTItY DIVIDEND 05/01/07 REINVEST DREYFUS CASH MANAGEMENT-CL A DIC/C( 1.129.27 1.129.27 INSTITUTIONAL SHARES MOEN° REINVEST 05I31107 CLOSINGBALANCE 267,922.51 TOTAL $1,129.27 $1,129.27 027 06.01/070584 001 VOID EFTA00195389 CLEARED THROUGH ITS VOICUY DMVED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACcOliffT Bear. Steams 8 Co. Inc. 383 Madison Avenue New York. New York 10179 6 Your messages You are advised to promptly report any inaccuracy or discrepancy in your account to your broker and Bear, Steams Securities Corp, (BSSC') at the telephone numbers listed on the front of this statement, In order to protect your rights, including any rights under the Securities Investor Protection Act ("SIPA"), any such communications should be reconfirmed in writing to your broker and BSSC at the addresses which appear on the front of this statement, End of Statement 027 06.01/0705A4 001 VOID see'. Stearns secw$ei Coo One Metrotoch Conk. North New York 1120/3959 EPSTEIN INTERESTS STATEMENT PERIOD May 1,2007 THROUGH May 31,2007 ACCOUNT NUMBER TAXPAYER MAWR On File LAST STATEMENT NW 30.2007 EFTA00195390 CLEARED THROUGH ITS MOLLY OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACPOONT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New TOrk New York 10179 INVESTMENT PROFESSIONAL ZICHEFLIAAN.IFLA TELEPHONE VISIT OUR WEBSITE ivmv.bearstearns.com What's In This Statement Illllllllllll ..... llllllllllllllllllllllllllllllllllllllllllll Financial Summary 3 EPSTEIN INTERESTS Your Portfolio Holdings „.„„.„„„.„ ..... „„. 4 DTD 12/26/91 5 JEFFERY E EPSTEIN & MARK L ' Fund Activity .......................................... 5 EPSTEIN & WILLIAM ELKUS TTEES Your Messages ..... 6 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022-6843 Your Portfolio at a Glance Cash& Equvalent TOTAL VALUE Cf SECURITIES THIS PERIOD* 408,300 MONEY MARKET RA40 BALANCE 266,793 Equities Market Value of Your Portfolio $266.793 $265.585 $408300 5378.400 NET EQUITY THIS PERIOD $675,093 NET ECUITY LAST STATEMENT 643,985 Current market value MO Last statements market value CHANGE SINCE LAST STATEMENT 31,108 mws pcgtklo includes not more tore& washes PHA ere Oct release nix Total Yale of Secodles ad the Met Ewe/ ml, Penxt There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. F1050 roost ant clibronoo a contacts.< GI duds or MOCKS. oldIC0100 ap ClOthlIfOCI to ,.01J. to ClOoll SONO,: el 800614.1428: a veto to nem SONICOS a 8020. Swarm Secures Cap.. One lAehoksh Celle( North. 13rodlyn. NY 112014059 027 Beet. Steams SIMON. Gap. Coe Metrotech Center North Oreckan. New York 1120/3859 EPSTEIN INTERESTS STATEMENT PERIOD March 31.2007 THROUGH *11 30.2007 ACCOUNT NUMBER TAXPAYER MASER OR File LAST STATEMENT March 30.2007 sIK This summary is for informational purposes only. II is not intended as a tax document. This statement should be retained for our records. See reverse side for important inlormalion. 050110707:14 001 V009 EFTA00195391 CLEARED THROUGH ITS WHOLLY ODIVED SUBSICHAFiv Elear. SteanIS SIMON GOO One Me robtch Conic. North 9coNdrn. New York 11201.3859 EPSTEIN INTERESTS 2 oi STATEMENT BACKER IS PRINTED ON THIS PAGE 027 05,01/0707:14 001 8009 EFTA00195392 CLEARED THROUGH ITS WHOLLY ODIVED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR hCt0IINT Bear. Stearns 8. Co. Inc. 383 Madison Avenue New York New York 10179 3 cl Cash Flow Analysis Income Summary THIS PERIOD PERICO YEAR TO DATE Opening Balance $0.00 Dividends 1.208.24 4,482.97 Money Fund 1.208.24 Total $1.208.24 $4,482.97 Amount Credited $1.208.24 Money Fund -1.208.24 Portfolio Composition Amount Debited $-1.208.24 CashCash Equivalent 266.793 Equities 408.300 Closing Balance $0.00 Total $675.093 027 8481.5148Ms UNARM Cap. Ono Movoloch Cooler North 8ccodon, New Yak 1120/3859 EPSTEIN INTERESTS STATEMENT PERIOD March 31.2007 THROUGH *11 30.2007 ALLOW! NUMBER TAXPAYER NUUMER OR File LAST STATEMENT March 30.2007 Cash aEquDaient 401/4 osoiro707:Ie 001 V009 Your Portfolio Allocation Equities 60% Undodal porno's denote 000* balance arida shot marta you's alonns:n patoman is cloathd Korn to ansoLa manor, ma'am ,ote EFTA00195393 CLEARED THROUGH ITS IMICUY ORNED SUBSIDIARY BEAR STEARNS OFFICE SERACiNG YOUR AC/OliNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 4 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRPRON STEIBOUCuSIP DREYFUS CASH MANAGEMENT-CL A DIOC( INSTITUTIONAL SHARES EST. 30 DAY AVG YIELD 5.1600% TOTAL CASH & CASH EQUIVALENTS $266.793 266.793.24 MAr,,(ET PRICE VAJ.I.tE 1.0000 266.793 EQUITIES DM. steams secw$n cow Mafrotoch Conk. North ScoStlin. New York 11201.3559 EPSTEIN INTERESTS STATEMENT PERIOD Marcn 31.2007 THROUGH April 30.2007 ACCOUNT NUMBER TAXPAYER AMMER On FIk LAST STATEMENT Mardi 30.2007 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 iwatbearsteams.com or can call (800) 517.2327 to request that a copy of this research be sent to them. DESCRATION SYRISCIlCUSIP ACCT TIPS QUANTITY PRCE IMMO VALUE ESTIMATED MORK NCOME ESTIMATED YELDM ABERCROMBIE & FITCH CO-Ct A ANF CASH 5,000 81.6600 408.300 3.500 0.8572 BSC RAMO: STOCK 0/SECTOR MW BUCKINGHAM FINFAACH RATING: B BANPAIS SA-SPONSOREDADR BPIBY CASH 20,000 Unpriced REPSTO 6 SER L SHS Total Equities& Options $408.300 53.500 TOTAL EQUITIES $408.300 53.500 027 0510110707:14 001 vo01 EFTA00195394 CLEARED THROUGH ITS WHOLLY OMITTED SUBSOIARY BEAR STEARNS OFFICE SERVICING YOUR ACcOliNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Nell York 10179 5 c/ Your Portfolio Holdings (continued) YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME 63.500 YOUR PRICED PORTFOLIOHOLDINGS 9675.093 Transaction Detail MONEY FUND ACTIVITY SOM. STREAM SMARM Gap. Coo Metrotoch Conic. North 9occIthn. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD March 31.2007 THROUGH kord 30.2007 ACCOUNT NUMBER TAXPAYER AMMER On File LAST STATEMENT Mardi 30.2007 RATE 1.10.DAT TRANSACTION CESCAMTKro STAIDOUCUSIP OUNNITIY PO.CE Pfeil AMOUNT CREDIT ALICAOTT 03/31/07 OPENINGBALANCE 265.585 04/02/07 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICXX 1,208.24 INSTITUTIONAL SHARES MCNIAY DIVIDEND 04/02/07 REINVEST DREYFUS CASH MANAGEMENT-CL A DIC/2( 1,208.24 1,208.24 INSTITUTIONAL SHARES DIVIDEND REINVEST 04/30;07 CLOSINGBALANCE 266.793.24 TOTAL $.-1.208.24 $1.208.24 027 osiotrinvd4 001 1009 EFTA00195395 CLEARED THROUGH ITS VOICUY DMVED SUSSIDIAAv BEAR STEARNS OFFICE SERVICING YOUR ACcOliNT Bear. Steams 8 Co. Inc. 383 Madison Avenue New York. New York 10179 6 Your messages You are advised to promptly report any inaccuracy or discrepancy in your account to your broker and Bear, Steams Securities Corp, (BSSC') at the telephone numbers listed on the front of this statement, In order to protect your rights, including any rights under the Securities Investor Protection Act ("SIPA"), any such communications should be reconfirmed in writing to your broker and BSSC at the addresses which appear on the front of this statement, End of Statement 027 osuirci707:Is 901 voeu see'. Stearns SeasWes Corp. One Metrotoch Conk. North 9fccItlin. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD March 31.2007 THROUGH AprIl 30.2007 ACCCUINIT NUMBER TAXPAYER MAWR On File LAST STATEMENT Minh 30.2007 EFTA00195396 CLEARED THROUGH ITS WHOLLY ORIVED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACNONT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. Nell York 10179 INVESTMENT PROFESSIONAL ZICHERMAN.IFIA TELEPHONE NM OUR WE8SITE nymbearstearns.com What's In This Statement Financial Summary ................,............... 3 Your Portfolio Holdings ........................... 4 5 5 Your Messages ...................................... 7 Fund Activity ............... ..... ...................... Your Portfolio at a Glance TOTAL VALUE CF SECURITIES THIS PERIOD* 378,400 MONEY MARKET FUND BALANCE 265,585 Cash & Equvalent NET EQUITY This PERIOD $643,985 NET EQUITY LAST STATEMENT 679,418 CHANGE SINCE LAST STATEMENT -35,433 pattclo includes cine of mow tore& wastes east we not release neg. Total Vow of SeDabet, at the Net Ewe/ RN, Pemd There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roza tow ant cliforonoo a morocco ol dud's or Mocks. eidicolmlm clanrod lo lo al0111 &onion oi 8004311-1428: a en* to Clam SONICOS a Bow. Stoarm &conies On. One Melolrch Carle, North. 8reeNyn. NY 112014859 027 Equities 1111111111.111111111111111111111111111111111111111111111111111 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 65.585 5288.568 $378.400 $390.850 Current market value NO Last statements market value Beet. Steams SOWN* cap. Cm,Motrotoch Conk. North 9coStlin. Him Yolk 1120/3859 EPSTEIN INTERESTS STATEMENT PERM) March 1.2007 THROUGH March 30.2007 ACCOUNT NUMBER TAXPAYER NUMBER On Pile LAST STATEMENT February 28.2007 sIK This summary is for informational purposes only. II is not intended as a tax document. This statement should be retained for our records. See reverse side for important information. 03.31/0706A3 001 V008 EFTA00195397 CLEARED THROUGH ITS WHOLLY OWED SUBSIDIARY 1349I.51499As COr0 One Mafrotoch Conk. North 8co9tAn. New York 11201.3859 EPSTEIN INTERESTS 2 oi 9 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 03.31/0706A3 001 V008 EFTA00195398 CLEARED THROUGH ITS WHOLLY OMNED SUOSOIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams 8 Co. Inc. 383 Madison Avenue New York, New York 10179 Fleet. Steams SOWN* Cap. Ono Mafrotoch SAME. North erode/n. roux York 1120/3859 EPSTEIN INTERESTS 3 ci STATEMENT PERIOD MAPCO 1.2007 THROUGH March 30.2007 Cash Flow Analysis Income Summary ACCOUNT NUMBER TAXPAYER PAMMER On File THIS PEFICO THIS PERIOD YEAR TO DATE LAST STATEMENT Februivy 28.2007 Opening Balance $0.00 Dividends 2.016.88 3,274.73 Money Fund 26,141.88 Total $2.016.88 $3,274.73 Dividends/Interest 875.00 Amount Credited $27.016.88 Portfolio Composition Money Fund -2.016.88 Cash/Cash Equivalent 265,585 Funds Withdrawn -25.000.00 Equities 378,400 Amount Debited $-27,016.88 Total $643,985 Closing Balance $0.00 027 Your Portfolio Allocation /- Cash&Equivalent ___ 42% 0311/0706A3 001 1,008 Equities 58% Unta0o0 pomons denote Oat Odom, wick, shod mama vaun To olocama patentor es clowod from the ANNA. mark*, Nkro or ,ote portal*. EFTA00195399 CLEARED THROUGH ITS VOICU.Y OWED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR AC/OriNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 4 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRPRON SYMBOUCuSIP DREYFUS CASH MANAGEMENT-CL A DICA INSTITUTIONAL SHARES EST. 30 DAY AVG YIELD 5.1700% TOTAL CASH & CASH EQUIVALENTS $26&585 QUOIT T) 265.585 b•Ai"1.( E PRICE '4 N., IE 1.0000 265.585 EQUITIES DN.steam secw$n Cap. Mafrotoch Conk. North ScoMtlin. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD Mann 1.2007 THROUGH March 30.2007 ACCOUNT NUMBER TAXPAYER AMBER On Flk LAST STATEMENT PeDuary 28.2007 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 iwatbearsteams.com or can call (800) 517.2327 to request that a copy of this research be sent to them. DESCRPTION SYMEMCUSIP ACCT I1PE QUANTITY PRCE PMRNEI VALUE ESTIMATED FNMA. -NCOME ESTIMATED VELD INI ABERCROMBIE & FITCH CO-Cl. A ANF CASH 5,000 75.6800 378.400 3.500 0.9249 BSC RARING: STOCK 0/SECTOR MW BUCKINGHAM REIFISICH RATING: B BANPAIS SA-SPONSOREDADR BMW( CASH 20,000 Unpriced REPSTO 6 SEA L SHS Total Equities& Options $378.400 53.500 TOTAL EQUITIES $378.400 53.500 027 0301.0706AS 001 V008 EFTA00195400 CLEARED THROUGH ITS WITCUY OARED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACcOliNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 5 vi Your Portfolio Holdings (continued) YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME 53.500 YOUR PRICEDPORTFOLIOHOLDINGS 5643.985 Transaction Detail DEPOSITS AND WITHDRAWALS DATE TPANSACTCM1 DESCRP-ICN 03+15!07 FNDWF ID WIRED TO E RANK NA OC1311 AMOUNT CREDIT AMOUNT 25,000.00 TOTAL 6-25,000.00 MONEY FUND ACTIVITY DATE wow TRANSACTION DESCAIPTON 03/01/07 OPENINGBALANCE SYMEWCUSIP OUNYTITY Pita Beat. Stearns $ecw$n Core Mafrotech Conk. HORN Scaltlin. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD March 1.2007 THROUGH March 30.2007 ACCCUNT NUMBER TAXPAYER M./013ER On Flk LAST STATEMENT February 28.2007 OEOIT AMOUNT CPEDI' AMCUPC 288.568.12 03/01/07 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICA 1.141.88 INSTITUTIONAL SHARES MCNTIC. DIVIDEND 027 0311/0706A3 001 V008 EFTA00195401 CLEARED THROUGH ITS VOICU.Y 06IVED SUBSICHAFiv BEAR STEARNS OFFICE SERVICING YOUR ACFOONT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New VOrk. Nell York 10179 6 t/ Transaction Detail (continued) STATEMENT PERIOD March 1.2007 THROUGH March 30.2007 ACCOUNT NUMBER TAXPAYER MUMMER On Pile MONEY FUND ACTIVITY (continued) DATE LAST STATEMENT February 26.2007 MODAY TRANSICTIEN DESCRIPMN SYM931/CUSIP OUANMV PRICE DEBIT AMOUNT CREDIT AMOUNT 03/01/07 REINVEST DREYFUS CASH MANAGEMENT-CL A DICXX 1,141.88 1,141.88 03/15/07 SOLD INSTITuTiCNAL SHARES DIVIDEND REINVEST DREYFUS CASH MANAGEMENT-CL A DICXX -25.000 1.0000 25.000.00 03/27/07 BOUGHT INSTITUTIONAL SHARES DREYFUS CASH MANAGEMENT-CL A DICX% 875 1.0000 875.00 03/30/07 INSTITUTIONAL SHARES CLOSINGBALANCE 265.585 TOTAL $.2.016.88 $26.141.88 DIVIDENDS Beal. Steams SAGAN* Cap. Ono Marobtch Conic. North 9cooldrn. New York 1120/3959 EPSTEIN INTERESTS WE DE sert PEON SYSIBOL SUSI? CAAMITY FOIE :Si DEBIT AMOUNT CREDIT AMOUNT 0327/07 ABERCROMBIE 8 FITCH CO-CIA ANF 5.000 0.1750 875.00 AEC 03/06/07 PAY 03/27/07 TOTAL $875.00 027 0311/070663 001 V006 EFTA00195402 CLEARED THROUGH ITS WHOLLY 01MVED SUSSIDIAllv BEAR STEARNS OFFICE SERVICING YOUR ACcOliNT 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 November 30, 2006 and January 31, 2007, the Company's net capital of approximately $4.0 billion and $4.0 billion was approximately 6.8% and 6.7% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $12 billion and $1.2 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 www.bearsteams.com. Alternatively, to request a free printed copy please call - toll free 1.866.299.9331. You are advised to promptly report any inaccuracy or discrepancy in your account to your broker and Bear, Steams Securities Corp, (BSSC') at the telephone numbers listed on the front of this statement, In order to protect your rights, including any rights under the Securities Investor Protection Act ("SIPA"), any such communications should be reconfirmed in writing to your broker and RS ' at the addresses which appear on the front of this statement, 027 DM. Reams swoon cow. One Mafrotoch Conk. North 9caltlin. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD March 1.2007 THROUGH March 30.2007 ACCOUNT NUMBER TAXPAYER AMBER On File LAST STATEMENT Petri.,Ivy 28.2007 SPECIAL NOTICE FOR MARGIN CUSTOMERS If you are a customer with a margin account, you consent to Bear Steams right to use, lend or pledge any securities held by Bear Stearns in your margin account, In certain circumstances, such loans or other use may limit, in whole or in part, your ability to receive dividends directly from the issuing company and/or your right to exercise voting and other attendant rights of ownership with respect to the loaned, sold or pledged securities. Such circumstances include, but are not limited to, bans of securities that you own in your margin account that continue over record dates for voting purposes and ex-dividend dates for dividend distributions. If you do not receive dividends directly from the issuing company, you may receive payments-in-lieu of dividends which could cause you to lose the benefit of the preferential tax treatment accorded to dividends. NOTICE OF CHANGE PURSUANT TO TRUTH-IN-LENDING SEC RULE 10b-16 The purpose of this notice is to advise you of certain changes in the manner in which interest will be charged on any U.S. dollar-denominated credit extended to you by Bear, Steams Securities Corp. ("BSSC') for the purpose of purchasing, carrying or trading in any security, Interest will continue to be based on either the BSSC Margin Basis Rate, or a London Interbank Offered Rate ("LIBOR') as specified in the chart below, The BSSC Margin Basis Rate will be quoted each business day by BSSC at our main office in New York, Factors affecting the 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. 0311/0706AS 001 V008 EFTA00195403 CLEARED THROUGH ITS VOICUY OMNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACcOliNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 8 Effective no earlier than thirty (30) days from your receipt of this statement: 1. The annual rate of interest charged to you on U.S. dollar-denominated credit will not exceed the specified percentage over the applicable rate, as indicated in the following chart: DebILStze_Range Index Spread_to_lnder Up to $499,999 Margin Basis 3.000% $500,000 - $999,999 Margin Basis 2.000% $1,000,000 - $2,499,999 Margin Basis 1.500% $2,500,000 - $4,999,999 LIBOR 3.000% $5,000,000 - $9,999,999 LIBOR 2.250% $10,000,000 and above LIBOR 1.750% Debits in currencies other than U.S. dollars will not be taken into account in computing the debit size for purposes of determining the applicable interest rate. The rate corresponding to the debit size range in which your U.S. dollar denominated debit falls will apply to the entire amount of your U.S. dollar denominated debit. The actual rate charged to you at any given time will be notified to you on request, and the amount charged to you will appear on your monthly statements. 027 DM. steams Seetwarts Sore. One Mafrotech Conk. HORN &ccWm. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD March 1.2007 THROUGH March 30.2007 ACCCUNT NUMBER TAXPAYER WESER On File LAST STATEMENT Pam/Sy 28.2007 2. Interest may be charged to your account at varying rates during the month to reflect any changes in such interest rates that have occurred during the month as well as any changes in the applicable rate caused by a change in the size of your debit balance. 3. The rate of interest charged to you on any credit extended to you in a currency other than U.S. dollars shall continue to be based on either (i) a LIBOR, as such rate is compiled by the British Bankers Association and published on Bloomberg or Reuters, or (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 Bear Steams Securities' local bank. In either case, the annual rate of interest on such non-U.S. dollar denominated debit will continue to not exceed 5% above either a LIBOR, any rate quoted by Reuters or the rate provided by Bear Steams Securities' local bank, and will appear on your monthly statements. The actual rate charged to you at any given time will be notified to you on request and the amount charged to you will appear on your monthly statements. 4. Unless otherwise agreed, the BSSC Fed Funds Rate will no longer be an available option for computing interest. 0311/0706A3 001 V008 EFTA00195404 CLEARED THROUGH ITS WHOLLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACFOONT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 9 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, a 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 0331)070SO 001 "006 DN.Steam $ecw$n Sore One Metrotoch Conk. North DaWm. New York 1120/3859 EPSTEIN INTERESTS STATEMENT PERIOD March 1.2007 THROUGH March 30.2007 ACCOUNT NUMBER TAXPAYER KAMER On Flk LAST STATEMENT February 28.2007 EFTA00195405 CLEARED THROUGH ITS WHOLLY 01WJED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York Nee York 10179 INVESTMENT PROFESSIONAL ZICHERMAN.IFIA TELEPHONE VISIT OUR WEBSITE ,WAY.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' 390.850 MONEY MARKET HAND BALANCE 288.568 Cash & Equvalent Equities H NET EQUITY THIS PERIOD $679,418 NET EOUITY LAST STATEMENT 685,010 CHANGE SINCE LAST STATEMENT -5,592 "Tin poettoto 'dudes one or more 'synced mambos ent are not release nix TOM Yea ol Seciabes an! the Het Ewe/ TMs Peno:t There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Plano noon on/ cliforonoo a nontoome ol chacks or stocks. cmcmod as &Orono Ip you. to Glom Sonion of 800614.1428: a yam to Clam SONIC.). M Bow. &oaa Becomes Cap.. One LIttolecli Carlo, North. BrooWyn. N.Y. II2014050 027 IlllllllllllllllllllllllllllllllllllllllllllllllllllllllllllII 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 $288.568 $287.310 Current market value MO Last statement's market value $390.850 $397.700 Ben. SOMAS SOOrine> Corp. Ono Metrotech Center Noah Brock/in. Now Vc.1( 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD February 1.2007 THROUGH Peewee 28.2007 ACCOLM NUMBER TAXPAYER WEISER On Foe LAST STATEMENT January 31.2007 ar We anent a for OkeIBBOOMI Reposes oily a k rim Mended as a LLr docuvort Tbe saternora Maid Es retained for your records Soo revers* safe for newton adomuton 0301.07,3&17 OD1 V006 EFTA00195406 CLEARED THROUGH ITS WHOLLY OWED SUBSIDIARY 1398I.50.9818 SIMON CYO. One Mafrotoch Cont. North 119o9tAn. New York 11201.3859 EPSTEIN INTERESTS 2 o15 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0:90110705:17 001 VO05 EFTA00195407 CLEARED THROUGH ITS WHOLLY OMED SLISSIDIATiv BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YOrk Nen York 10179 898r. steams serumn corn One Matrotech Conic. North 9coStlin. New York 1120/3859 EPSTEIN INTERESTS 3 o STATEMENT PERIOD February 1,2007 THROUGH February 28.2007 Cash Flow Analysis Income Summary ACCOUNT NUMBER TAXPAYER MAWR On Foe THIS PERIOD 11.93 PERIOD YEAR TO DATE LAST STATEMENT January 31.2007 Opening Balance $0.00 Dividends 1,257.85 1,257.85 Money Fund 1.257.85 Total $1,257.85 $1,257.85 Amount Credited $1,257.85 Money Fund -1.257.85 Portfolio Composition Amount Debited $-1.257.85 Cashtash Equivalent 288.568 Equities 390.850 Closing Balance $0.00 Total $679,418 027 Cash & Equivale 43% 03,0110705:17 001 V006 Your Portfolio Allocation Equities 57st Unteeeti Preen, donor* 000* OttenCe omit, shun Ticket vas. Tho abcatla' warm": is crowed from to attsolso marker maluo os pxe papaw EFTA00195408 CLEARED THROUGH ITS WHOU.Y ORRJED 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 DESORPTION SYMEICIJCVSIP DREYFUS CASH MANAGEMENT-CL A DICA INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 5.1700% TOTAL CASH 8 CASH EQUIVALENTS °MURRY 288,568.12 PRICE 1.0000 1 1AWE ESTIMATED ESTIMATED TWIN. INCWE YIELD IN4 288.568 15.294 5.3000 $288.568 $15.294 EQUITIES seer. Stearns Sweden Cow Mafrotech ORRIN HORN 9rudyn. NA. York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD February 1,2007 THROUGH Febtuwy 28.2007 ACCOUNT NUMBER TAXPAYER ALTWER On RIM LAST STATEMENT January 31.2007 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 STMEICIJCUSIP AOC! TOT 01/ANITTY PRCE MARKET VALUE ESTIMATED ANNUAL tOCO.AE ESITIATED YEW IR/ ABERCROMBIE 8 FITCH CO-C1 A ANF CASH 5,000 78.1700 390.850 3,500 0.8955 BSC RATING: STOCK 0/SECTOR MW BUCKINGHAM RESEARCH RATING: 8 BANPAIS SA-SPONSOREDADR BPIST CASH 20.000 Unpnced REPSTG 6 SER L SHS Total Equities& Options $390.850 83.500 TOTAL EQUITIES $390.850 83.500 027 03.01/0705:17 001 V006 EFTA00195409 CLEARED THROUGH ITS WHOLLY OMED SUBIC/Mire BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New York New York 10179 5 Your Portfolio Holdings (continued) YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME $18,794 YOUR PRICED PORTFOLIOHOLDINGS $679.418 Transaction Detail MONEY FUND ACTIVITY seer. Stearns Secedes. Core. Ono Metrotock Conic. North 9fccItlin. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD February 1.2007 THROUGH February 28.2007 ACCOUNT NUMBER TAXPAYER NUUSER Oil PIM LAST STATEMENT January 31.2007 04'E 1.13 DAY TRANSACTON CESCRIPTCN SYMBOL,CLGIP OaNTCY PaCE CESIT M.IOUNT CREDIT AMOUNT 02101/07 OPENINGBALANCE 287.310.27 02/01/07 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICA 1,257.85 INSTITUTIONAL SHARES MONTHLY DIVIDEND 02/01/07 REINVEST DREYFUS CASH MANAGEMENT-CL A DIC)C< 1,257.85 1,257.85 INSTITUTIONAL SHARES DIVIDEND REINVEST 02/280'07 CLOSINGBALANCE 288.568.12 TOTAL $.1.257.85 $1,257.85 027 03/0110705:17 001 1006 EFTA00195410 CLEARED THROUGH ITS WHOLLY OMIED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York Nen York 10179 INVESTMENT PROFESSIONAL ZICHERMAN.IFtA TELEPHONE VISIT OUR WEBSITE nww.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 PER/00' 397.700 MONEY MARKET RIND BALANCE 287.310 IIIIIIIIIIIII iiiii 1ULIS1111111111111111111111111111lltl 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 Cash & Equvalent H NET EQUITY THIS PERIOD $685,010 NET EOUITY LAST STATEMENT 634,208 CHANGE SINCE LAST STATEMENT 50.802 -This wade odudes see or MOW 1.100,11Ced mains esal are not related nee Taal Yea of Smarms and We Na Ewe/ The Pared There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Equities Plo.mo row any dirorecoo a rontocoint of tern or stocks. notated as 1:101101400 10 y00. 10 04111 Samoa, at SC04344428 a eau to Clam Scram at Row. Roam &camas Coup.. One lAeholea, Cooler Honk Eirodbri, NY 112obsess 027 Market Value of Your Portfolio $287.310 5286.058 $397.700 $348.150 Current market visit* MO Last statement's market value Elan. Stearns Seaman Cad. Coe Marotech Corder Hone Brock/on. New York 1120/.3859 EPSTEIN INTERESTS STATEMENT PER100 December 30.2006 THROUGH January 31.2007 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT December 29.2006 Ab• tin SOTaTerY ke Scnnebenel imposes only t Is not Wended as a tat doomed This ssatemeri shotkl be retained to, your records See reverse smle for mortar< reormaeso 02)01,07.06:16 001 0004 EFTA00195411 CLEARED THROUGH ITS WHOLLY OWED SU851OIARY 1398f.StobnIs SIMON COlD. One Mafrotoch Conk. North 9co9tIrn. New York 11201.3859 EPSTEIN INTERESTS 2 of s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 02/01/07,261 8 001 V004 EFTA00195412 CLEARED THROUGH ITS IMICUY OMED SUESIDIATiv BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 3 &W. Stearn swoon core. Ono Mafrotoch Conk. North efoStlin. New York 112013559 EPSTEIN INTERESTS STATEMENT PERK* December 30.2006 Cash Flow Analysis Portfolio Composition THROUGH ACCOUNT NUMBER TAXPAYER WESER January 31.2007 ON File THIS PERIOD CashiCash Equivalent 287,310 LAST STATEMENT December 29.2006 Opening Balance $0.00 Equities 397.700 Money Fund 1.252.28 Total $685,010 Amount Credited $1,252.28 Money Fund -1.252.28 Amount Debited $-1,252.28 Closing Balance $0.00 027 Cash EquivalerA 42% 02i0110706:16 001 V004 Your Portfolio Allocation Equities 68% Un*odod Preen, donor* 000* OttenCe omit, shod Ticket vat's. TM alocoma patomxp es crowed from to attsolso marker mar,* es pxe EFTA00195413 CLEARED THROUGH ITS YffiCUY GMED SKISIDIAAv 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 DESCRPROti S7MEICIJCVSIP DREYFUS CASH MANAGEMENT-CL A DIM INSTITUTIONAL SHARES EST, 30 DAY AVG MD 5,1600% TOTAL CASH 8 CASH EQUIVALENTS °DRURY 287,310.27 NICE 1.0000 1 1AWE ESTIMATED ESTIMATED AMU& INCOME YELD IY4 287.310 15,227 5.2999 $287310 $15,227 EQUITIES Seer. Stearns Secwiew Co m. One Mafrotoch Donk. HORN Oro*lin. New York 112013559 EPSTEIN INTERESTS STATEMENT PER100 December 30.2006 THROUGH January 31.2007 ACCOUNT NUMBER TAXPAYER KAMER On File LAST STATEMENT December 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 SYMEIWCUSIP AOC! TOT QUANTITY PRICE IMPXET VALUE ESTRIATED MOAK 7•COAIE ESTIMATED VELD I1,} ABERCROMBIE 8 FITCH CO-C1. A ANF CASH 5,000 79.5400 397,700 3.500 0.8801 BSC RATING: STOCK 0/SECTOR MW BUCKINGHAM RESEARCH RATING: B BANPAIS SA-SPONSOREDADR BPIBY CASH 20.000 Unpriced REPSTG 6 SER L SHS Total Equities& Options $397,700 53.500 TOTAL EQUITIES $397,700 53.500 027 CO01/070616 001 V004 EFTA00195414 CLEARED THROUGH ITS 19O1CU.Y ODIVED SUBIC/Mire 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 $18.727 YOUR PRICED PORTFOLIOHOLDINGS $685.010 Transaction Detail MONEY FUND ACTIVITY seer. Stearns Secedes. Core Cno Mafrotoch Conk. North 9caltDn. New York 11201.3859 EPSTEIN INTERESTS STATEMENT PERK* December 30.2006 THROUGH January 31.2007 ACCOUNT NUMBER TAXPAYER AMBER On Fee LAST STATEMENT December 29.2006 rrE ma DAY TRANSACDON CESCRIPTCN STAIDOLDUSIP OUANTITY PP.CE OMIT AMOUNT CREDIT AMOUNT 12/30/06 01/02/07 01/02/07 01/31;07 REINVEST DIVIDEND OPENINGBALANCE DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVEST DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES AMT INCLUDED IN 2006 - 1099 CLOSINGBALANCE DICA DICU 286.057.99 1,252.28 287.310.27 1,252.28 1.252.28 TOTAL $.1.252.28 $1.252.28 027 02/01/07/38:18 001 1001 EFTA00195415