EFTA00195963.pdf

Statements EFTA00195963 CLEARED THAGVG/I ITS yriseLLY 0H0¢0 SUBSOIAlly BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE wentbearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 3 Transaction Detail 4 Your Portfolio at a Glance NET CREDIT BALANCE lllII.11IiIlllllll I ll FINANCIAL TRUST CO INC 0/0 JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 137,909 Cash $ Equivalent H NET EQUITY THIS PERIOD $137,909 NET EQUITY LAST STATEMENT CHANGE SINCE LAST STATEMENT 137,131 778 There are no 'Stop Loss' orders or other pending buy or sell open orders on tile for your account. Market Value of Your Portfolio I 5137.909 $137.131 Current market value Last statement's market value I fir FINANCIAL TRUST CO INC STATEMENT PERIOD December 1.2005 THROUGH December 30.2005 ACCGUNT NUMBER TAXPAYER KAMER On File LAST STATEMENT NOyernter 30.2005 Tai Pornir/ Mr GfOrmormool palms only Nis ro trended as downer Tin statsensrA should be retailed for your records Soo mono ma Ice nonant reconaran 027 l2GLOS09:00 00I U any information regarding 2005interest, dividends. miscellaneous income. gross proceeds or original issue discount is required to be reported to the IRS for this account, a Consolidated Form 1099wi11 be mailed to you by January 31.20D6or a 1042S by March 15,2006. V899 EFTA00195964 CLEMIE0 TIIIICV01 ITS 0"E0 SUBSI0SAIlv FINANCIAL TRUST CO INC 2 ol 4 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 12,31005:09:00 001 V899 EFTA00195965 CLEARED TRACOGH nS valCtLY CAMuE0 SUBSIDIAAY B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 3 c/ Cash Flow Analysis Income Summary THIS PERICO DRS PENCO YEM TO DATE Opening Balance $137,131.41 U.S. Govt. Bond Int. 0.00 4.718.243.44 Govt. Agency Int. 0.00 6.167.659.06 Dividends/Interest 778.08 Corp. Bond Int. 0.00 1,279,184.80 Amount Credited $778.08 Credit Balance Int. 778.08 12,704.04 Reverse Repurchase Int. 0.00 1.636.307.17 Net Cash Activity 778.08 Total $778.08 $13,814.098.51 Closing Balance $137.909.49 Bond Purchase Int. 0.00 -6.596,679.06 Repurchase Int. Exp. 0.00 -1,761,173.79 Cash Balance Summary OPOONG CLOSING Portfolio Composition Margin 137,131.41 137,909.49 CashiCash Equivalent 137,909 Net Cash Balance $137.131.41 $137.909.49 Total $137.909 Your Portfolio Holdings CASH & CASH EQUIVALENTS oEscainou CASH BALANCE TOTAL CASH & CASH EQUIVALENTS SYMBOXCUS1P PMPXET ESTIMATED CUAPEM OUANTITY PRIGS vALUE ANWAL INCOME vac Ni 137.909 $137,909 027 12,31.05:09:W 001 FINANCIAL TRUST CO INC STATEMENT Puce December 1.2005 THROUGH December 30.2005 ACCOUNT NUMBER TAXPAYER KAMER On File LAST STATEMENT November 30.2005 Your Portfolio Allocation Cash & Equivalent 100% UntEnded prima, clenc.1* 000t balance omit, shod maim vaios TrA alocatxn warm": Is clorhod Irom to attscla (radon WAIT oF ,oue V899 EFTA00195966 CLEARED TRIICtiGH nS YnIQIY OmnE0 SUBSIDIAnY B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 4 C/ Your Portfolio Holdings (continued) YOUR PRICED PORTFOLIOHOLDINGS $137.909 Transaction Detail INTEREST DATE CESCRPTION 12/01/05 AVG BAL 137,131RT 3.288 021 OFFICE INTEREST 1105 SYMOCIJCVW DUMMY RATE IV DENT AMOUNT FINANCIAL TRUST CO INC STATEMENT PERK* December 1.2005 THROUGH December 30.2005 AccouNT NUMBER TAXPAYER WEBER On File LAST sTATEmENT November 30.2005 CREDIT AMOUNT 375.77 12/30/05 AVG BAL 137.507RT 3.397 021 OFFICE INTEREST 1205 402.31 TOTAL $778.08 End of Statement 027 12.31.0S:09:C0 001 EFTA00195967 CLEARED IHRMIGH ITS 7010U.Y OHEE0 SUEINOMAy BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE wovw.bearstearns.cOm What's In This Statement IIIIMIIMIIIaITII I ll Financial Summary 3 FINANCIAL TRUST CO INC Your Portfolio Holdings 3 0/0 JEFFREY EPSTEIN Transaction Detail 4 6100 RED HOOK QUARTER STE 63 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio NET CREDIT BALANCE 137,131 Cash a Eqtivalent NET EQUITY THIS PERIOD $137,131 NET EQUITY LAST STATEMENT 132,001 CHANGE SINCE LAST STATEMENT 5,130 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. ^ 't(ttorlI) Ill $137.131 $132.001 iNg Current market value Bal Last statements market value FINANCIAL TRUST CO INC STATEMENT PERIOD NOTPTION 1.2005 THROUGH Noyernter 30.2005 ACCOUNT NUMBER TAXPAYER MAGER On NE LAST STATEMENT °Ste 31.2005 TI'n S'anirY .6 CO, nrcemebonel osmoses caly Xis rat riended as a ta. Oman Ths ustseners shot/a as reared for your records See reverse sea for frowner< ricemanat 027 1ZOIGS:07:35 001 vase EFTA00195968 GEARED 110.100044 ITS WHOLLY OMAE0 $1.1090MAv FINANCIAL TRUST CO INC 2 oi 4 STATEMENT BACKER IS PRINTED ON THIS PAGE 021 1201.135:07:35 001 Y990 EFTA00195969 CLEARED THRouGH ITS wilCu.Y omko SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 3 v/ Cash Flow Analysis THIS PERIOD Income Summary DRS PERIOD YEAS TO DATE OpeningBalance $132,001.23 U.S. Govt. Bond Int. O.OO 4.718.243.44 Govt. Agency Int. O.OO 6.167.659.O6 Dividends/Interest 5,13O.18 Corp. Bond Int. O.OO 1,279,184.8O Amount Credited $5,130.18 Credit Balance Int. 5,13O.18 11,925.96 Reverse Repurchase Int. O.OO 1.636.3O7.17 Net Cash Activity 5.13O.18 Total $5.13O.18 $13 813 320.43 Closing Balance $137,131.41 Bond Purchase Int. O.OO -6.596,679.06 Repurchase Int. Exp. O.OO -1.761,173.79 Cash Balance Summary OPEr. nG CLOSING Portfolio Composition Margin 132,OO1.23 137,131.41 CashtCash Equivalent 137.131 Net Cash Balance $132,001.23 $137,131.41 Total $137.131 Your Portfolio Holdings CASH & CASH EQUIVALENTS oescae-mu CASH BALANCE TOTAL CASH 8 CASH EQUIVALENTS $137,131 SITIBOSCuSIP /MRKET ESTIMATED CURRENT °DRURY PRICE VALUE MM.% INCOME VELD 1%4 137.131 027 12.0146:07:35 001 FINANCIAL TRUST CO INC STATEMENT PERIOD November 1.2005 THROUGH November 30.2005 AccouNT NUMBER TAXPAYER KAISER On Fite LAST sTATELTENT Goober 31.2005 Your Portfolio Allocation Cash & Equivalenl- 10O% ItMtvittO V0MOnt Oen,* Oat "nonce *nee toe male vela, Tea eloveran ;event'', tepee." Iron Vo 00191.ve motel otte al >et pane", vase EFTA00195970 CLEARED THROuGH ITS IMICELY omeo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 4 C/ Your Portfolio Holdings (continued) YOUR PRICED PORTFOLIOHOLDINGS $137.131 Transaction Detail INTEREST DATE DESCRIPTION 11/01/05 AVG BAL 1984.653RT 3.002 021 OFFICE INTEREST 1005 STMEICIJCUSIP OUMMTY RATE I%1 DENT AMOUNT FINANCIAL TRUST CO INC STATEMENT PERIOD November 1.2005 THROUGH November 30.2005 ACCOUNT NUMBER TAXPAYER MAGER On Fite LAST STATEMENT Ociober 31.2005 CREPT AMOUNT 5,130.18 TOTAL $5,130.18 End of Statement 027 1201OS:07:35 001 Y898 EFTA00195971 GUARS THROLGH ITS wisestr OnNE0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE wonv.hearsteams.com What's In This Statement IIIltlllltllral111 I ll Financial Summary 3 FINANCIAL TRUST CO INC Your Portfolio Holdings 4 0/0 JEFFREY EPSTEIN Transaction Detail 4 61OO RED HOOK QUARTER STE B3 ST THOMAS VI OO8O2 Your Portfolio at a Glance Market Value of Your Portfolio NET CREDIT BALANCE 132,OO1 Cash& Equivalent NET EQUITY THIS PERIOD SI32.001 $114.805 $132,001 MN Current market value NA Last statements market value NET EQUITY LAST STATEMENT 114,8O5 CHANGE SINCE LAST STATEMENT 17.196 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. FINANCIAL TRUST CO INC STATEMENT PERK* October 1.2005 THROUGH October 31.2005 ACCOUNT NUMBER TAXPAYER I...AMER On File LAST STATUTES' September 30.2005 SIK TNT SHYTTOTT 11 for N0THISonal SINN, only It Ism< NESS asst.. &warners The stationers should be titans TN your words Ss mom td o for npolart ricesIon 027 11/01,05:06:34 001 V897 EFTA00195972 CLEARED 'THROUGH RS YRIOLLY ORAEO SUBSIDIARY FINANCIAL TRUST CO INC 2 of e STATEMENT BACKER IS PRINTED ON THIS PAGE 027 lbOIG5:081W 001 V897 EFTA00195973 CLEARED THROUGH ITS WHOLLY icim.co SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 3 c/ Cash Flow Analysis THIS PERIOD Income Summary DC PERIOD YEAS TO DATE Opening Balance $114,805.20 U.S. Govt. Bond Int. 0.00 4.718.243.44 Govt. Agency Int. 0.00 6.167.659.06 Securities Sold 119,604,887.50 Corp. Bond Int. 0.00 1.279.184.80 Dividends Interest 521.39 Credit Balance Int. 521.39 6.795.78 Miscellaneous 152,754.39 Reverse Repurchase Int. 32.231.25 1.636.307.17 Amount Credited $119,758,163.28 Total $32,752.64 $13 808 190.25 Securities Bought -100,472.656.25 Bond Purchase Int. 0.00 -6.596,679.06 Funds Withdrawn -63.185.00 Repurchase Int. Exp. 0.00 -1,761,173.79 Miscellaneous -19,205,126.00 Amount Debited $-119,740,967.25 Portfolio Composition Net Cash Activity 17,196.03 CashtCash Equivalent 132,001 ClosingBalance $132,001.23 Total 5132.001 Cash Balance Summary OPENNIG CLOSING Margn 114.805.20 132,001.23 Net Cash Balance $114,805.20 $132,001.23 FINANCIAL TRUST CO INC STATEMENT PERKO °CMOS! 1.2005 THROUGH October 31.2005 ACCOUNT NUMBER TAXPAYER NLIUMER Ofl Ale LAST STATEMENT Seplefiltet 30.2005 Your Portfolio Allocation Cash & Equivalen1- 100% UnttNitied 'roans 0en,* oelet "nonce *nee "toe male vela, The elevehm ;event'', 6, de•ued Iron Vo etnol.te market rat), pi >es patio", 027 1101,0S:06:3A 001 V897 EFTA00195974 CLEARED THROUGH ITS WHOLLY OM ED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 4 c, Your Portfolio Holdings CASH & CASH EQUIVALENTS DESORPTION CASH BALANCE TOTAL CASH 8, CASH EQUIVALENTS $132.001 SIMBOLOUSIP MAPXEI ESTIMATED CUAPENT SUANTITY PRICE VALUE NVUAL INCOME VELD 1%) 132,001 YOUR PRICED PORTFOLIOHOLDINGS $132.001 Transaction Detail INVESTMENT ACTIVITY FINANCIAL TRUST CO INC STATEMENT PERIOD Octoter 1.2005 THROUGH Octoter 31.2005 ACCOUNT NUMBER TAXPAYER MASSER On PIM LAST STATEMENT SMNOTIMI 30.2005 SETTLEMENT DATE TRADE DATE TRANSACTION DESORIPTIN SY/A0O-CUSP OJANTITY PRICE DENT AMOUNT CREDO AMOUNT 10/13/05 10/13/05 09/16/05 09/07/05 BOUGHT CANCEL SELL FNMA-30YR(FNMAJGTD SEMI 005 7250000 FNMA 30YR1FNMA)GTD SETT, i 0x05 BS MIN 50.000.000 50.000.000 100.32031 100.62500 50,160,156.25 50,312,500.00 11011.05.500% 57170000 BS AS OF 09/07t05 TO CA. PREVIOUS SELL 027 11.0145:00:3.1 001 .897 EFTA00195975 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 5 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACT/3N OESCRIPTION 10/13/05 09/16/05 CANCEL BUY FNMA-30YR(FNMA)GID mait SEIT.10/05 05.500% 7250000 BS 10/13/05 09/07/05 SOLD AS OF 09/I6105 TOM PREVIOUS BUY FNMA-30YR(FNMA)GTD SETT. 045 1011.005.50015 57170000 BS C'A_ DEPOSITS AND WITHDRAWALS Dt.-E TRAAISACTCN DESCRPTION 10/12/05 FND WIRED MOAN FNDS WIRED TO CLEARED TuRouom ITS %%ore 0‘m,E0 SUEISIOany Beer Ster FINANCIAL TRUST CO INC STATEMENT PERK* October 1.2005 THROUGH October 31.2005 Accouvr NUMBER TAXPAYER KIDDER On File LAST STATEMENT Septenter 30. 2005 SYX4EIOLCUS, OVAMITY PRICE DEIST AMOUNT CREDIT AMOUNT -50.000,000 100.32031 50,160,156.25 -50.000.000 100.62500 50,312,500.00 3-100,472,656.25 $100,472,656.25 DEMI *mum 63.185.00 CREDIT AMOUNT TOTAL $-63,185.00 INTEREST DATE OESCRIPTION 10/03/05 AVG BAL 224,631RT 2.785 021 OFFICE INTEREST 0905 SYMEICLiCUSIP OUNITITY RATE Ix./ CENT AMOUNT CREW AMOUNT 521.39 TOTAL $521.39 027 11)01tOS:08:34 001 Y897 EFTA00195976 CLEARED THROUGH ITS WHOU.Y OMEO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 6 c/ Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stearns& Co. Inc. SETTLEMENT TIMDE DATE CATE 10114/. JOURNAL ADP CD FITM-PR F2633219010 10131/49 TRANSACTION DESCRPXON FINANCIAL TRUST CO INC STATEMENT PERIOD &IOW 1.2005 THROUGH October 31.2005 =OMNI NUMBER TAXPAYER NUMBER On Fite LAST STATEMENT September 30.2005 SYMEICOICUSIP OVANNIY DEBIT AMOUNT CREDIT AMOUNT 10114,E INTEREST ADP CD DUE 12/31/2049 8,625 3219010 NMI 19.100.000.00 32.231.25 TOTAL $19.132.231.25 MISCELLANEOUS DATE wow IRMSACTON DESCRIPTOR DES ,T AMCW4T GRECO AmOuni 10/06/05 JOURNAL FR CMDY A/C 410.64 10/13/05 JOURNAL FNMA-30YR(FNMA)G1D 152,343.75 SER,I 0/05 5,500 DUE 10101/35 MBS NET 10/13/05 10/17/05 JOURNAL FINAL REDEMPTION 19.203.776.00 10/21/05 JOURNAL 9)05 SPEC PART 2 CLR FEES 1.350.00 TOTAL $-19,205.126.00 $152.754.39 End of Statement 07/ I IVIGEGM34 001 v897 EFTA00195977 CLEARED THROUGH ITS WHOO.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSIIE wenv.bearstearns.cOm What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 4 Trades Not Yet Settled 36 Your Portfolio at a Glance NET CREDIT BALANCE 114.805 NET EQUITY THIS PERIOD $114,805 llllllllllllllllll I ll FINANCIAL TRUST CO INC C.I0 JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE 63 ST THOMAS VI 00802 Market Value of Your Portfolio Cash a Eque,aiem _lc Si 14.805 E sA $221.488 Filed „ NET EQUITY LAST STATEMENT CHANGE SINCE LAST STATEMENT 3.443,744 -3,328,938 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Ctrellnri , NM Current market vase gig Last statements market value $3.188.141 FINANCIAL TRUST CO INC STATEMENT PERIOD Sept/WIWI 1.2005 THROUGH Septernter 30.2005 ACCOUNT NUMBER TAXPAYER NUMBER On He LAST STATEMENT August 31.2005 St Tin unInursin fc• Nonnabenal peposes ply it is ra etentINI as a ta. cloonto Tin outornorc should Do Honed for your words Soo canna tel Ice moron riconaton 02? CIOT .896 EFTA00195978 CLEARED 'THROUGH RS WHOLLY OBAED SUBSIDIARY FINANCIAL TRUST CO INC 2 U186 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 10,01,0511:50 001 V896 EFTA00195979 CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 3 c/ lb Cash Flow Analysis THIS PERIOD Income Summary DC PERIOD YEAR TO DATE Opening Balance $221.487.52 U.S. Govt. Bond Int. 198.148.87 4.718.243.44 Govt. Agency Int. 775.394.53 6.167.659.O6 Securities Sold 1,385,266,7O8.58 Corp. Bond Int. 136.678.49 1.279.184.8O Dividends Interest 1,182,572.79 Credit Balance Int. 951.82 6,274.39 Miscellaneous 745.735.38 Reverse Repurchase Int. 8O.288.31 1.604.075.92 Amount Credited $1,387.195.016.75 Total $1 191 462.O2 $13 775 437.61 Securities Bought -1,385,814,343.72 Bond Purchase Int. -203.722.59 -6.596,679.06 Dividends Interest Charged -275.121.67 Repurchase lnt. Exp. -260.593.74 -1,761,173.79 Miscellaneous -1,212.233.68 Amount Debited $-1,387,301,699.07 Portfolio Composition Net Cash Activity -1O6.682.32 Castileash Equivalent 114,8O5 ClosingBalance $114.8O5.2O Total 5114.805 Cash Balance Summary OPENING CLOSING Margn 221,487.52 114,805.20 Net Cash Balance $221,487.52 $114,8O5.2O 027 05:11:50 001 FINANCIAL TRUST CO INC STATEMENT PERIOD September 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER AILICER On File LAST STATEMENT AUgUST 31.2005 Your Portfolio Allocation Cash 8 Equivalenl- 10O% le/ogled Grote 0en,* oat bloom *NW lope male< wive, The eloml✓r move n, to ee•uee lown Ve etnel.te market rat), el >ev peekee 1896 EFTA00195980 CLEARED THROWN ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 4 CI Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCioniOn CASH BALANCE SIMBOLCUSIP IMRXE1 ESTIMATED CURRENT QUANTITY VALUE ANWOL INCOME Y13.0 114.805 TOTAL CASH & CASH EQUIVALENTS 8114806 YOUR PRICED PORTFOLIOHOLDINGS $114.805 Transaction Detail INVESTMENT ACTIVITY FINANCIAL TRUST CO INC STATEMENT PEROT) SEDIETDOT 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER KAMER On Fite LAST STATEMENT AufmST 31.2005 SETTLEMENT DATE TRADE DATE TRANSACTION oEscromon SYMeoccum2 OVAMITY PHCE DENT AMOUNT crew AMOUNT 09/01105 08/31105 BOUGHT UNITED STATES TREASURY NOTE 18.000.000 100.11719 18,021,093.75 04,000% FA 28 ACCR. INT. 1,9138.95 RIP( GVER REF ft Al 09102/05 09/01105 BOUGHT UNITED STATES TREASURY NOTE 5.000.000 101.70313 5,0115.19625 04,260% FA TO MATURITY 15 ACM INT, 10,394.02 GVER REF # G2442669 Al 09.02/05 09/01105 BOUGHT UNITED STATES TREASURY NOTE 10.000.000 100.49219 10,049,218.75 04,000% FA MATURITY 28 ACCR. 9[1, 2.209.94 GVER REF tt G2443875 Al 027 1001005:11:SO 001 V8SC EFTA00195981 CLEARED THROUGH ITS MOLLY CALY*0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 5 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSAC11071 DESCRIPTION STMEPOLCUSV OVANTITY ',FEE DEW AMOUNT CREDIT MADUNT 09/02/05 09/01105 BOUGHT UNITED STATES TREASURY 143TE 10.000.000 100.55469 10655.468.75 04.000% FA 28 ACM INT. 2209.94 MATURITY GVER REF # G2443878 Al 09107/05 09/06105 SOLD UNITED STATES TREASURY NOTE -10.000.000 100.35156 10.035.156 .25 04.000% FA 28 MATURITY ACCR, INT, 7.734.81 OVER REF # G2494731 Al 0908105 09107/05 SOLD UNITED STATES TREASURY NOTE MOM -5.000.000 101.06250 5.053.125.00 4.250% FA 15 ACCR. INT. 13.858.70 MATURITY GVER REF or G2503140 Al 09718/05 PRINCIPAL FEDL HOME LOAN MTG CORPaSt0i09 Milli 6.399 SERIES 227 CLASS 10 5.000 DUE 12101/34 PRINCIPAL REDUCTN 09-15-05 09113/05 09/12/05 SOLD UNITED STATES TREASURY NNE Milli -20.000.000 100.17188 20,034,375,00 04.000% FA 28 MATURITY ACCR, INT, 28.72928 GVER REF # G2552394 Al 091465 0810365 CANCEL SELL FNMA-30YR(FNMAJG1D 10608000 98.20313 8828312.50 SETT.09105 7150000 BS AS OF 08/03105 TO CA. PREVIOUS SELL 0914105 08/31105 BOUGHT FNMA-30YR#NMA)GTD VIM 10.000.000 99.09375 9.909.375.00 SE 7.09)05 1. S1ean $PCmitkl EAR FINANCa TRUST CO INC STATEMENT PER00 September 1.2005 THROUGH September 30.2005 ACCOUYT NUMBER TAXPAYER MAGER GM File LAST STATEMENT August 31.2005 1011.05.000tt 57020000 BS 027 100105:11:50 001 V896 EFTA00195982 CLEARED THROuGH ITS WHOLLY omeo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 6 4' a: Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 09/14105 08/11105 CANCEL SELL 09/14105 08/11105 BOUGHT 09/14105 08117105 CANCEL SELL 09/14105 08/17105 BOUGHT 09/14105 08/19/05 BOUGHT 09/14105 08119105 CANCEL SELL DESCRIPTION FNMA-30YR(FNMA)GTD SETT.09105 1111005.000% 57170000 AS OF 08/11105 TO C)3. PREVIOUS SELL FNMA-30YR(FNMA)G7D SETT.09 05 57230000 FNMA-30YR(FNMA)G1D SETT.09105 05.000% 57260000 AS OF 08/17/05 TO C/3. PREVIOUS SELL FNMA-30YR(TNMA)G1D SETT 09'05 05.000% 57170000 FNMA-30YR(TNKIA)G1D SEROUS 05.000% 57060000 FNMA-30YR(FNMA)01D SETT 09105 05,012.3'. 57090000 BS AS OF 08/19/05 TO C/3. PREVIOUS SELL FINANCIAL TRUST CO INC STATEMENT PERIOD &Vent& 1.2005 THROUGH September 30.2005 ACCCUNT NUMBER TAXPAYER IMMER On File LAST STATEMENT August 31.2005 STMOOLCUSP GUMMY PRICE DEBIT AMOUNT CREPT A/A0cNT 50,000.000 98.15625 49.078.125 .00 BS 50.000.000 98.17188 49.085.937.50 BS 50.000.000 98.30078 49.150.390.63 BS 50.000.000 98.3828' 49.191.406.25 BS 50.000.000 98.49219 49.246.093.75 BS 50.000.000 98.55078 49.275.390.63 027 100105:11:50 001 VEISC EFTA00195983 CLEARED THROUGH ITS ?RIMY (AM,ED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 7 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE ¶RANSAcnom 09/14105 08/03105 SOLD 09114(05 08:31105 CANCEL BUY 09/14105 08111105 SOLD 09,14/05 0811.05 CANCEL BUY 09/14105 08117105 SOLD 09/14105 08117105 CANCEL BUY DESCRIPTION FNMA-30YR(FNMAJEITD SETT.09105 7150000 FNMA-30YR(FNMA)01D SETT.09105 .1111.05.000% 57020000 AS OF 08/31/05 TO CAL PREVIOUS BUY FNMA-30YR(FNMA)G1D SETT.09105 05.000% 57170000 FNMA-33YR(FNMA)G1D SETT.09105 ~ 05.000% 57230000 AS OF 08 11105 TO C)3. PREVIOUS BUY FNMA-33YR(FNMA)G1D SETT.09105 imam 05.000% 57260000 FNMA-30YR(FNMA)01D SETT 09105 05.000% 57170000 BS AS OF 0817105 TO C)3. PREVIOUS BUY I FINANCa TRUST CO INC STATEMENT PERIOD &VETO& 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER AELAA3ER On File LAST STATEMENT August 31.2005 SYMBOL:CUSP CIVANTITY PRICE DEBIT AMOUNT atm PAWN BS -10.000.000 -10.000.000 98.20313 99.09375 9.820212.50 9.909.375.00 BS -50.000.000 98.15625 49.078.125 90 BS -50.000.000 98.17188 49.085.937 .50 BS -50.000.000 98.30078 49.159390 .63 BS -50.000.000 98.38281 49.191.406 .25 027 M0105:11:50 001 V896 EFTA00195984 CLEARED THROuGH ITS WHOLLY omeo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 8 c/ lb Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 09/14105 08/19/05 CANCEL BUY 09/1445 0811945 SOLD 09/14105 08/03/05 CANCEL SELL 09/14105 09/07105 BOUGHT 09/1445 09/01105 BOUGHT 09/14105 08/03105 CANCEL SELL DESORPTION FNMA-30YR(FNMAJOID SETT.09105 05.000% 7060000 BS AS OF 08/19/05 TO CXL PREVIOUS BUY FNMASDYNFNMNGID SETT.09/05 000005.000 1:: 57090000 BS FNMA-30Y114FNMAAID SETTS/9035 05.500% 7170000 BS AS OF 0&03.D5 TO CM. PREVIOUS SELL FNMA-30Y114FNMA)GID SETT 09/,05 05.500% 57140000 BS FNMA-30YR(FNMA)GID SETT.09'65 57020000 es FNMA-30YREFNMAJOID SETT 09//05 05.500: 7190000 BS AS OF 08/03105 TO CXL PREVIOUS SELL FINANCIAL TRUST CO INC STATEMENT PERIOD September 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER IMMER On File LAST STATEMENT August 31.2005 STME/OUCUSP amain ProcE DEBIT AMOUNT CREDIT AMOUNT -50.000.000 98.49219 49.246.093 ,75 -50.000.000 98.55078 49.275.390 ,63 1.000.000 100.28516 1.002.851.56 50.000.000 100.75781 50.378.906.25 50.000.000 10107188 50.585.937.50 99.000.000 100.26563 99.262.968.75 027 1001,05:11:50 001 •.ESC EFTA00195985 CLEARED THROuGH ITS yrtiOLLY EMIED SUBSIOally BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 9 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 09/14105 08/0345 SOLD 0911 4/05 09/07105 CANCEL BUY 09/14105 09/01105 CANCEL BUY 0914/05 08/03(05 SOLD 09/4/05 08115(05 BOUGHT 09/14/05 08123(05 BOUGHT OESCRPTION FNMA-30YR(FNMAJOTD iiiis0 SEIT.09//05 5.500% 7170000 FNMA-30YR(FNMAJEVID SETT.09//05 11.0 105.500% 57140000 AS OF 09/07/05 TO C)3. PREVIOUS BUY FNMA-30YR(FNMA)01D SETT.09//05 05.500% 57020000 AS OF 09/01105 TO C/3. PREVIOUS BUY FNMA-90YR(FNMA)GTD SETT 09605 05.500% 7190000 FNMA-30YR(FNMAXITD SETT.09.105 100 506.000% 7120000 FNMA-30YR(FNMA)010 SETT 09/05 06,000% 7020000 BS I FINANCa TRUST CO INC STATEMENT PERIOD September 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER MAGER On File LAST STATEMENT August 31.200S SYMBOL:CUSP OVAMITY Pea DEBIT AMOUNT CREPT MAOUNT BS -1.000.000 -50.000.000 100.28516 100.75781 1.002.851.56 50.378.906 .25 BS -50.000.000 101.17188 50.585.937.50 BS -99.000.000 100.26563 99.262.968 .75 BS 50.000.000 10%96090 50.980.468.75 BS SIM 50.000.000 102.04688 51.023.437.50 027 100105:11:50 001 11896 EFTA00195986 CLEARED THROuGH ITS WHOLLY omeo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 10 a at. Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 09/14105 08/16/05 CANCEL SELL 09114/05 08123405 CANCEL SELL 09/14405 08:15405 CANCEL BUY 09.414105 0823405 CANCEL BUY 09/14105 08116405 SOLD 09.414105 08123405 SOLD DESCRIPTION FNMA-30YR(FNMA)OID SETT.09105 06.000% 7090000 AS OF 08/16/05 TO C)3. PREVIOUS SELL FNMA-30YR(FNMA)G7D SETT.091)5 100000 1506.000,, 7140000 AS OF 08423405 TO Cd. PREVIOUS SELL FNMA-30YR(FNMA)G1D SETT.09405 1.101 506.000,4 7120000 AS OF 08/16405 TO C)3. PREVIOUS BUY FNMA-30YR(FNMAOSID SETT.09/05 06.000% 7020000 AS OF 08/23105 TO C)3. PREVIOUS BUY FNMA-30YR(FNMA)GID SETT.09/05 01. 003506.000% 7090000 FNMA-30YR(FNMA)G1D SETT.09405 06.000% 57140000 BS FINANCIAL TRUST CO INC STATEMENT PERIOD &Vent& 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER IMMER On File LAST STATEMENT August 31.2005 STIABOLCUSP CVANTITY lava DEBIT AMOUNT CFEOIA/lOcter 50.000.000 102.08594 51.042.968.75 BS 50.000.000 102.09375 61.046.876.00 BS -50.000.000 101.96094 50.980,468 .75 BS -50.000.000 102.04688 51.023 437 .50 BS -50.000.000 102.08594 51.042.968;75 BS -50.000.000 102.09375 61.046.875 .043 027 1001005:11:50 001 VEISC EFTA00195987 CLEARED IHRCUGH ITS wilDtLY 01\,E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 11 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACT/3N 0E5CertiON SYMEPOLCUS, DAVIT" PRICE COW AMOUNT cnEccr saute 09/16/05 09/15/05 SOLD UNITED STATES TREASURY NOTE -20.000.000 100.60938 20,121,875.00 04.250% FA 15 MATURITY ACCR, INT, 73,913,04 GVER REF # G2583645 Al 09,16/05 09/15405 SOLD UNITED STATES TREASURY NOTE EMI -20.000.000 100.60938 20,121,875.00 ff 04.250% FA 15 MATURITY ACCR. INT, 73,913,04 GVER REF # G2583646 Al 091 6/05 09/15+05 BOUGHT UNITED STATES TREASURY NOTE 10.000.000 100.26563 10.026.662.50 04.000% FA 28 MATURITY ACM INT, 17,679.56 GVER REF # 62583659 BI 09/1605 09115105 BOUGHT UNITED STATES TREASURY NOTE 50.000.000 100.26563 50.132.812,50 04.000% FA 28 ACM INT. 88,397.79 0 MATURITY GVER REF N G2583659 Al 091 6/05 JOURNAL FEDL HOME LOAN MTG CORP#S10109 -1 SERIES 227 CLASS 10 5.000 DUE 12/01/34 09/19105 09/14105 SOLD GOVERNMENT NATIONAL PATO ASSOC -14.505.776 5.34375 77e152,43 SERIES 2004-041 CLASS SE ACCR. INT, 41,956,91 101057200000 BS 09/19105 09/16/05 BOUGHT UNITED STATES TREASURY NOTE 20,000.000 99.89063 19.978.125.00 04.250% FA 15 MATURITY ACCR, INT, 80.842.39 GVER REF # 02594476 Al /. S1PBms $PCmiI e; EAR FINANCIAL TRUST CO INC STATEMENT PERIOD September 1,2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER IMMER On File LAST STATEMENT August 31.2005 027 TOOT 0511:50 001 V896 EFTA00195988 CLEARED THROuGH ITS WHOLLY ow‘co SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 12 O 0. Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 09/20,05 09/16105 SOW 09,20.435 09,11545 SOLD 09120105 09/15105 SOW 0912045 09/15105 SOLD 09,2045 0916105 SOLD 09,20:05 0911545 SOLD 09,20:05 0911545 SOLD DESORPTION FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO STRIP i llini ii57320000 BS SY1A301XLISP PIECE FINANCIAL TRUST CO INC STATEMENT PERIOD SEDIETtet 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER IMMER On File LAST STATEMENT August 31.2005 DEIST AMOUNT mac AnouNr FANNIE MAE CMOSERIES 2003-13 S RCR-NO FLTR 111.1104.3" 7240000 BS FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW 110.03.3" 7230000 BS FANNIE MAE CMCvSERIES 2003-52 KS-L0 FUR 03.458% 7280000 BS EDERAL NATIONAL MTG ASSN EWES 346 CLASS 1 7390000 BS GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS : ""96 7250000 BS GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU 1. 105 03.590% 7260000 BS TO AIN PREVIOUS MONTHS FACTOR AS OF 09,1545 -18,252,042 -23.543,127 79.89063 9,87500 14,561,670.75 2,324.88379 ACCR. INT. 71.262.10 -11.861.918 6,96875 826.627,47 ACCR. INT. 27$67.10 -16.565.865 6,96875 1.154.433.75 ACCR, INT. 39.789.14 MIS -19.328.957 79.76563 15.417.863 .44 -44.000.000 11.15625 4.908.750.00 -23.661.075 6,03125 1.421.027.35 027 1001005:11:50 001 .896 EFTA00195989 CLEARED THROUGH ITS YAICU.Y OWNED SUBSIDIARY BOIR STffiRNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 13 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) =MD R DATE TRADE DATE TRANSACTK•N 09120(05 09/15(05 SOW 09120(05 09,1 6(05 SOLD 09120(05 09,1 6(05 SOLD 09120(05 09,1 6(05 SOLD 0912045 09,9 5(05 SOLD 0920(05 09115(05 SOW 09120(05 09116(05 SOLD DESORPTION GOVERNMENT 144TØ MTG ASSN SERIES 2004-035 CLASS SP 11.11117 " 7270000 BS TO ADJ PREVIOUS MONTHS FACTCR AS OF 09/15(05 FEDERAL 144T1ONAL MTG ASSN SERIES 352 CLASS 1 IIM0 500.001% 7380000 BS FEDERAL 144TØ MIG ASSN SERIES 353 CLASS 2 05.000% 7350000 BS ACCRUES ON 1ST. PAYS ON 25TH FEDL HOME LOAN MIG CORP#S10109 SERIES 227 CLASS 10 05000% 7360000 BS FREDDIE MAC CMGSERIES 2886 SC-VO RIR 03531% 7290000 BS AL1ERNA1ivE LOAN TRUST SERIES 2004-3008 CLASS 1-A-8 01458% 7300000 BS FEDL HOME LOAN MIO CORPeSt0i10 SERIES 228 CLASS 10 06000% 7370000 BS ACCRUES ON 1ST. PAYS ON 25TH FINANCIAL TRUST CO INC STATEMENT PERIOD September 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER AMMER On File LAST STATEMENT August 31.2005 SIME10..CLISP Gummy PRTCE DEW AMOUNT CREW ~UHT -14,296,550 4,53125 647,812.46 SIM -25.900.765 79,29688 20.538.497 86 MINK -8.757.972 22.67188 1.985.596.53 ACCR. INT. 23.111,32 -27.588.703 23.04688 6.358.334.08 ACCR, INT, 72.803,52 -8.074.610 7,28125 587.932.59 ACCR, INT, 3.960,82 -35.363.806 1,45313 513.880.31 ACCR, INT, 35.823 p5 -16271.372 20.07813 3.266.986.53 ACCR, INT, 51.526,01 027 MOLDS:11:SO 001 V89G EFTA00195990 CLEARED THROWN ITS WHOLLY omeo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 14 o Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION DESCRIPTION SYUDOLCUSP OJANTITY PRICE DEBIT AMOUNT CFEDIA/lOcter 09/20105 PRINCIPAL GOVERNMENT NATIONAL MTO ASSN -172,307 SERIES 2004-035 CLASS SF' 3,590 DUE 12/20/29 PRINCIPAL REDUCTN 09-20-05 09/21+05 091l5.'05 CANCEL SELL GOVERNMENT NATIONAL MTG ASSN imus SERIES 2004-5 CLA 03SS .16Pot 7250000 BS 11.111 44,000.000 11.15625 4.908.750.00 AS OF TD 09/15/05 SO 09/204135 TO CXL PREVIOUS SELL 09/21105 09(15105 SOLD GOVERNMENT NATIONAL MTG ASSN -44.0110,000 11,15625 4.908.750.00 03 4 imilos SERIES 2604-5 LASS PS 7250000 BS AS OF TD 09/15105 SD 09/20/05 AS OF 09/1905 09,21/05 0911 5+05 CANCEL SELL GOVERNMENT NATIONAL MTG ASSN 23.561.075 6,03125 1.421.027.35 SERIES 2004-30 CLASS SU 03410% 7260000 BS AS OF TD 09/15105 SD 09/20/05 TO C/3. PREVIOUS SELL 09,21105 09/I 905 SOLD GOVERNMENT NATIONAL MTG ASSN -23.561.075 6,03125 1.421.027.35 SERIES 2004-30 CLASS SU 03,410% 7260000 BS AS OF TD 09/15/05 SO 09/204135 AS OF 09/15/05 0921105 0915105 CANCEL SELL GOVERNMENT NATIONAL MTG ASSN SIM 14,296.650 4,53125 6,12.812;16 SERIES 2004-035 CLASS SP FINANCIAL TRUST CO INC STATEMENT PERIOD September 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT August 31.2005 03,410% 7270000 BS AS OF TD 09/151135 SD 09/20/05 TO CM. PREVIOUS SELL 027 1001005:11:SO 001 EFTA00195991 CLEARED THROuGH ITS WHOLLY onneo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 15 CI r. Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION marine 20.100.005 P ouninw PRICE DEBIT AMOUNT CM= maJtAir 09/21105 0321105 09121/05 09121105 09121105 0912345 09/26+05 09/264)5 09/15/05 SOLD JOURNAL JOURNAL JOURNAL JOURNAL JOURNAL PRINCIPAL PRINCIPAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004-035 CLASS SP 03,410% 7270000 BS AS OF TD 09/15105 SD 09/20/05 AS OF 09/15105 FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW 3,358 DUE 01/25/33 FANNIE MAE CMCUSERIES 2003-52 KS-110 RJR 3,458 DUE 07/25117 FEDERAL NATIONAL WO ASSN SERIES 352 CLASS 1 0,001 DUE 07/01/34 FEDL HOME LOAN MI6 CORN/610'09 SERIES 227 CLASS 10 5,000 DUE 12/01/34 GOVERNMENT NATIONAL MTG ASSN SERIES 2004-035 CLASS SP 3,410 DUE 12/20129 ADJUST POSffION FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 01101/33 STRIP PAIN FUD 08-05 PAD 09-25-05 REPO P 8I 0,0000 FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 WE 11/01/33 PAIN FUD 08-05 PAD 09-25-05 REPO P 8I 0,0000 MIN -14,296,550 .1 1 1 1 -2 4,53125 647,812,46 457.764 AO 682.254.70 FINANCIAL TRUST CO INC STATEMENT PERIOD September 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER IMJUSER C'n File LAST STATEMENT Au9Jst 31.2005 027 1:S0 OBI v896 EFTA00195992 CLEARED THROUGH ITS wilDtLY CAM,E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 16 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE wesAcnoN 09/26/05 PRINCIPAL DESORPTION FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 O.001 DUE 07/01/30 PAIN RID 08-05 P,D 09-25-05 REPO P 8I 0.0000 09126005 PRINCIPAL FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 O.001 DUE 07/01/30 PRIN RID 08-05 PAI 09-25-05 REPO P 8I 0.0000 09,27+05 09/15+05 CANCEL SELL GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU 03.403% 7260000 BS AS OF TD 09/15/05 SD 09/20/05 TO C/Pl. PREVIOUS SELL 09,27105 09/15/05 SOLD GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU 1.1.03.403% 7260000 BS AS OF TD 09/15/75 SD 09/20405 TO ADJ PREVIOUS MONTHS FACTOR STMEIOLCUS, I FINANCIAL TRUST CO INC STATEMENT PERIOD September 1.2005 THROUGH September 30.2005 ACCOUNT! NUMBER TAXPAYER PAGER On Fa LAST STATEMENT August 31.2006 °AWRY PACE DEBIT AMOUNT CREW AAIDUNI 209,767.60 482,465,48 23.561.075 6.03125 1.421.027.35 -23,561.075 6.03125 1.421.027 .37 TOTAL 3452.032.222.57 $881,454.219.11 INTEREST DATE DESCRPTION 00'01105 AVEI EIAL 424.880 TIT 2.601 021 OFFICE INTEREST 0805 SYTTECIJCUSIP OUPARRY RATE D4/ MINT MOM CREDIT AMOUNT 951.82 09/15105 FEDL HOME LOAN WIG COAP/S10109 SERES 227 CLASS 10 DUE 12/01/2034 5.000 INTEREST PAYMENT 09-15.05 5.0000 1.942.56 027 1001,05:11:60 001 V896 EFTA00195993 CLEARED IHRCUGH ITS wisCtLY O1\,EO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 17 Transaction Detail (continued) INTEREST (continued) I FINANCIAL TRUST CO INC STATEMENT PERIOD September 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER MAIA3ER On File LAST STATEMENT Aufm81 31.2005 DATE DESCFOPTION STME/CliDIZIP QUANTITY RATE I% DEBIT AMOUNT CREDIT AMOUNT 09/15/05 FEDL HOME LOAN MTG CCAPHS1OiO9 5.0000 36.908.38 SERES 227 CLASS 10 DUE 12/01/2034 5.000 INT R/D 08-05 ND 09-15-05 REPO P &I 5.0000 09115405 FEDL HOME LOAN MTG COAPPS10i09 MIK 5.0000 77.701.85 SERES 227 CLASS 10 DUE 12/01/2034 5.000 INT RID 08-05 PiD 09-15-05 REPO P &I 5.0000 09./15+05 FREDDIE MAC CMOSF.FUES 2886 UM. 3.5310 25432.52 SC-I/O RTR DUE 07/15/2019 3,531 INT R/D 08-05 PiD 09-15-05 REPO P S I 3,7287 0911905 FEDL HOME LOAN WIG CORP/410110 6.0000 84.306.97 SERES 228 CLASS 10 DUE 02/01/2035 6,000 INT RID 08-05 PiD 09-15-05 REPO P &I 6,0000 0912045 GOVERNMENT FATIONAL MTG ASSN OMNI 3.3400 48.995,76 SERES 2004-5 CLASS PS DUE 02/20/2033 3,340 INT R/D 08-05 PAD 09-20-05 REPO P S I 3,3406 0972045 GOVERNMENT ANTIONAL MTO ASSN 3.3400 73.49344 SERES 2004-5 CLASS PS DUE 02120/2033 3,340 INT R/D 08-05 PAD 09-20-05 REPO P S I 3,3406 0920••05 GOVERNMENT MOCHA/ PATO ASSN 3.5900 71 399.08 SERES 2004.30 CLASS SIJ DUE 02/20/2032 3,590 INT R/D 08-05 Pin 09-20-05 REPO P S I 3,5906 027 TOOT 0511:50 001 Y896 EFTA00195994 CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 18 Transaction Detail (continued) INTEREST (continued) FINANCIAL TRUST CO INC STATEMENT PERIOD September 1,2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER AILMA3ER Co File LAST STATEMENT August 31. 2005 DATE DESORPTION STMEICIJCV5IP WANIITY RATE I%) DEBIT AMOUNT CREDIT AMOUNT 09/20/05 GOVERNMENT NATIONAL MTO ASSN 3.5903 71.399.08 SERIES 200040 CLASS SU DUE 02/20/2032 3.590 INT RID 08-05 Ki 09-20-05 REPO P & I 3.5906 0972045 GOVERNMENT NATIONAL MTG ASSN 3.5980 43,293;18 SERIES 2004-035 CLASS SP DUE 12/20/2029 3.590 INTEREST PAYMENT 09-20.05 0912645 GOVERNMENT NATIONAL MTG ASSN 3.4030 71 399,08 SERES 200040 CLASS SU DUE 02/20/2032 3.403 REV INT FOR 9/20/2005 PD BAD POSITION 0912645 FEDERAL NATIONAL MTO ASSN 5.0000 37 094.87 SERES 353 CLASS 2 DUE 07/01/2034 5400 INT RID 08-05 Ki 09-25-05 REPO P & I 5.0000 09/30/05 GOVERNMENT NATIONAL MTG ASSOC 43.403.95 SEEMS 2000-041 CLASS SE DUE 05/20/2030 0.000 FITM CR INT FOR 9404005 P D TOTAL S-71.399.08 5616.523.95 REPURCHASE AND REVERSE REPURCHASETRANSACTIONS with Bear,Stearns& Co. Inc. SETTLEMENT TRACE DATE DATE TRMSACIION DESCRFMON SvMBOLCusJp 0.:NYTIT, COIT AMOUNT 09/01105 JOURNAL FEDERAL NATIONAL MTO ASSN 8.058,484 5,923,000.00 SERIES 352 CLASS 1 0.001 DUE 07/01/34 FITM F2133186 AZ TERM REPO AGREEMENT CREDIT AMOUNT 027 IGOIDS:II:SO 001 EFTA00195995 CLEARED THROUGH ITS YilICtLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 19 c? :tt. Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPRON SYMEMOCUSIP QUANTITY OMIT AMOUNT CREDIT AMOUNT 09/01/05 JOURNAL FEDERAL NATIONAL MTG ASSN -8.058.484 5.958.000 .00 SERIES 352 CLASS 1 0,001 FITM At REPO 09/01105 JOURNAL FEDERAL NATIONAL MTG ASSN 8.058.484 5.958.000 .00 SERIES 352 CLASS 1 0,001 FITM WA2 REPO A 09/01/05 JOURNAL FEDERAL NATIONAL 1,110 ASSN -8.058484 8958.000 .00 SERIES 352 CLASS 1 0,001O FITM r A3 REPO A 09/01105 JOURNAL FEDERAL NATIONAL KITG ASSN IMF -8.902.768 500 000.00 SERIES 353 CLASS 2 5.000 FITM B3 REPO A 09/01105 JOURNAL FEDERAL NATIONAL MTG ASSN 4.902.768 1.677.000.00 SERIES 353 CLASS 2 5,000 FITT., W31 REPO A 09:0185 JOURNAL FEDERAL NATIONAL WO ASSN 8.902,768 1.677.000.00 SERIES 353 CLASS 2 5,000 FONT B2 REPO 0901x05 JOURNAL FEDERAL NATIONAL MTG ASSN 8.902,768 1.850.000.00 SERIES 353 CLASS 2 5,000 DUE 07/01/34 FITM F2133186 BZ TERM REPO AGREEMENT FINANCIAL TRUST CO INC STATEMENT PERIOD September 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER NUMBER C'n File LAST STATEMENT August 31.2005 027 1001,05:11:50 001 EFTA00195996 CLEARED THROUGH ITS wisCtLY CAM,E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. =Pm 20 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASETRANSACTIONS (continued) SCITLELENT TRADE DATE DATE TRANSACTION DESCRPTION 09/01/05 JOURNAL FEDL HOME LOAN MTG OORP#S10109 SERIES 227 CLASS 10 5,000 F1TM 30.2 TERM MENT 09/01105 JOURNAL FEDL HOME LOAN MTG CCePt/ST 0i09 SERIES 227 CLASS 0 5,000 F1TM WI REPO A 09/01105 JOURNAL UNITED STATES TREASURY NOTE FILMpr. Az 4,250 15 TERM REPO AGREEMENT 09/01105 JOURNAL UNITED TATES TREASURY NOTE FILM Al 4,250 15 REPO AGREEMENT 09/01105 RECEIVED UNITED STATES TREASURY NOTE DUE 08131/2007 4.000 4,000 W FITM Al RESALE 0901,05 DELIVERED OWED STATES TREASURY NOTE DUE 08131/2007 4,000 4,000Rialt7 Em FILM AZ TERM ENT 0901.05 INTEREST FEDERAL NATIONAL MTO ASSN SERIES 352 CLASS DUE 07/01/2034 0.001 FILM F2133186 AZ REPO INTEREST 09.01/05 INTEREST FEDERAL NATIONAL MTO ASSN SERIES 353 CLASS 2 DUE 07/01/2034 5.000 FILM F2133186 BZ REPO INTEREST FINANCIAL TRUST CO INC STATEMENT PERIOD September 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER WEISER On File LAST STATEMENT August 31.2005 SYLIBeucesty OWATTITY DEBIT AMOUNT CREDIT AMOUNT 8.858,010 500.000.00 -8.858.010 1.706.000.00 20.000.000 20.225.000.00 20.000.000 20.350.000.00 50.000.000 50.312.500 .00 -68.000.000 68.255.000 ,00 19.024,35 5.942.10 027 TOOT 0511:50 001 V896 EFTA00195997 CLEARED THROUGH ITS YRICtLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 21 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEmENT DATE TRADE DATE TRANSACTION DESORPTION SYMEMCUSIP QUANTITY DEBIT AMOUNT CREDIT AMOUNT 09101105 INTEREST FEDL NOME LOAN MTO CORPaS10109 1,605.97 SERIES 227 CLASS 10 DUE 11.0. 5.000 FITM AZ REPO I 09/01/05 INTEREST UNITED STATES TREASURY NOTE 1.797.78 DUE lib 4.250 FITM AZ REPO I 09/01105 INTEREST UNITED STATES TREASURY NOTE IMF 6.294.63 DUE 08W 4.000 FITM RESALE 09102105 JOURNAL UNITED SURY NOTE 20.000.000 20.350.000 .00 FITM A2 4.250 15 TERM REPO AGREEMENT 0902/05 JOURNAL SURY NOTE -25.000.000 25.468.750.00 Al FITM Al 4.250 IS REPO AGfiEEMENi 09032105 RECEIVED UNITED STATES TREASURY NOTE 30.000.000 30.225.000 .00 DUE 08t3 I 2037 000 4.000 in FITM Al RESALE 0902105 DELIVERED UNITED STATES TREASURY NOTE -50.000.000 50.312.500 .00 DUE 08131/2007 000 4.000 7 FITM A2 TERM ENT 00/02/05 INTEREST UNITED STATES TREASURY NOTE 1.825.85 FINANCIAL TRUST CO INC STATEMENT PERIOD &VETO& 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT August 3 t . 2005 DUE 081 4250 ATM A2 REPO I 027 05:11:50 001 EFTA00195998 CLEARED THROUGH ITS WNW.? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 22 c1 7i. Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEnlimee DATE 0902105 MADE DATE TIWISACION INTEREST DESERTION UNITED STATES TREASURY NOTE DUE Oil. 1.000 0906105 JOURNAL FEDERAL NATIONAL MTO ASSN SERIES 346 CLASS 1 DUE IV ATM C2 TERM ENT 0906105 JOURNAL FEDERAL NATIONAL MTO ASSN SERIES 346 CLASS 1 DUE 11Ailli r ATM At REPO 0906105 INTEREST FEDERAL NATIONAL MTO ASSN SERIES 346 CLASS I DUE I II. 0.000 ATM C2 REPO I 09/07105 DELIVERED UNITED STATES TREASURY NOTE DUE 08/312037 4.000 4.000F..7 FITM A2 TERM EMENT 09107/05 RECEIVED UNITED STATES TREASURY NOTE DUE 08131/2007 4.000 4.000 ENS FITM Al RESALE 09107/05 INTEREST UNITED STATES TREASURY NOTE DUE oats try)) SYM0ClCUse, OVAARITY DEBIT AMOUNT FINANCIAL TRUST CO INC STATEMENT PEROO &Ventre' 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER NUMBER C'n File LAST STATEMENT August 31.2005 CREDIT AMOUNT 4.500.17 19,911211 14.274.000 .00 -19.911.211 14.856.000 .00 37,370.12 -30.000.000 30.225.000 .00 40.000.000 40.300.000 .00 13.500.50 09.08/05 JOURNAL F AS NOTE FILM Al 4.250 15 REPO AGREEMENT -20.000.000 20.175.000 .00 027 MOLDS:II:SO 001 EFTA00195999 CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 23 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION SATE/COAL/SIP OUAMITY 003IT *Mum CREDIT AMOUNT 090845 JOURNAL IMMO STATES TREASURY NOTE 25.000.000 25,468,750 .00 FITM p l . A2 4,250 15 TERM REPO AGREEMENT 09108105 INTEREST UMTEO STATES TREASURY NOTE 12.076.43 DUE 110 4.250 F1114 A2 REPO I 09/12/05 JOURNAL FEDERAL NATIONAL MTO ASSN -18.252.042 13.360.000.00 SERIES 329 CLASS PO DUE 01101/33 STRIP FITTA Cl REPO At 09/12/05 JOURNAL FEDERAL NATIONAL MTO ASSN MIS 18.252.042 13.401.000 AO SERIES 329 CLASS PO DUE 01101/33 STRIP FITM RIFIC2 TERM ENT 09/12/05 JOURNAL FANNIE A.44E CMOSERIES 2003.13 23,543.127 S RCR-I/0 FLTR 4.358 FITM TERM ENT 09/12/05 JOURNAL FANNIE MAE CAAOSERIES 2003.13 NMI -23,543.127 1,775,000.00 S RCR-I/0 FLTR 4FIT14 .358 AI REPO A 09/12/05 JOURNAL FEDERAL NATIONAL WC ASSN -19,328.957 14.132.000.00 SERIES 346 CLASS 1 FITM Al DUE 11101. REPO A FINANCIAL TRUST CO INC STATEMENT PERIOD September 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER WEISER On File LAST STATEMENT August 31.2005 027 100105:11:50 001 ?SSC EFTA00196000 CLEARED THROUGH ITS WHOLLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 24 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMETO TRADE DATE DATE TRANSACTION DESORPTION SYMEMICUSIP QUANTITY DEBIT AMOUNT CREDIT AMOUNT 09/12105 JOURNAL FEDERAL NATIONAL MIR ASSN 19,328.957 14.856.000.00 SERIES 346 CLASS 1 ATM AZ DUE 1 TRIOS TERM MEAT 09/12105 JOURNAL FEDL HOME LOAN WC OCAPeS10109 -18,392.469 3.667.000.00 SERIES 227 CLASS "00 FITM Al REPO A 09/12/05 JOURNAL FEDL NOME WAN MTG CORPeS10109 MIS 18,392.469 3,938.000.00 SERIES 227 CLASS 10 F51114 .000 BZ TERM FiellniellerMENT 09/12105 JOURNAL FEDL NOME LOAN WC CCAPtiStOt 10 NEM -16,271.372 2.777.000.00 SERIES 228 CLASS 10 6.000 FITM 81 REPO A 09/12/05 JOURNAL FEDL NOME LOAN MTG OORPOSIO1m 16,271.372 3,124,000.00 SERIES 228 CLASS 10 6.0001.5 FITM AZ TERM MEAT 09/12/05 INTEREST FEDERAL NATIONAL MM ASSN 43,504,86 SERIES 329 CLASS PO STRIP DUE 01 0.000 FITM DZ REPO I 09/12,05 INTEREST FEDERAL NATIONAL MM ASSN MIN 9.334.52 SERIES 346 CLASS 1 FINANCIAL TRUST CO INC STATEMENT PERIOD September 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT August 31.2005 DUE 11j. 0.000 ATM AZ REPO I 027 IGOIDS:l I:SO 001 EFTA00196001 CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 25 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT DATE TM& DATE TRANSACTION DESORPTION STMBEISCUSIP QUANTITY DEBIT AMOUNT CREDIT AMOUNT 09/12:05 INTEREST FEDL NOME LOAN MTG CORPAS10109 12.784.28 SERIES 227 CLASS 10 DUE 1 5,000 RANT BZ y ea REPO I 09/12105 INTEREST FEDL N0ME LOAN MTG CORPASIOA 10 10.141.72 SERIES 228 CLASS 10 DUE Oil. 6.000 RANT AZ REPO I 09/13,95 JOURNAL FREDOIE MAC CMOSERIES 2886 8.249,152 SC-I/O FUR 3.728301 I 19 FIRA A2 TERM AAENT 09113:05 JOURNAL FREDDIE MAC CMGSERIES 2886 -8.249.152 444,030,00 SC-I/0 FLTR 3.728 19 FIRM Al REPO A 09/13:05 DELIVERED UNITED STATES TREASURY NOTE -40.000.000 40.300.000 ,00 DUE 08131/2007 4.000 4.0001101w RANT TERM A2 EMENT 0911345 RECEIVED OWED STATES TREASURY NOTE 60.000.000 60.375.000 ,00 DUE 08131/2007 4.000 4.000 .K 7 RANT RESALE A T 0911345 INTEREST UNTIED STATES TREASURY NOTE 21.258.25 DUE 0111 .1400 FINANCIAL TRUST CO INC STATEMENT PERIOD &VETO& 1,2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER WEISER On File LAST STATEMENT August 31. 2005 027 IGOI 05:11:SO 001 V896 EFTA00196002 CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 26 cl A. Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACRON DESCRPRON SYME/CLCUSIP OVANillY DEBIT AMOUNT 09/14105 JOURNAL FANNIE MAE GAO/SERIES 2033-52 9.276,884 458,000.00 KS-I/0 FUR 3,458 17 FITM AZ TERM ENT 09/14105 JOURNAL FANNIE MAE CAtiOSERIES 2003-52 KS-I/O FUR 3,458 17 FITM Al REPO A 09114.,05 INTEREST FANNIE MAE CMOSERIES 2003-52 KS-I/0 FUR DUE cairo. 3.458 FITM AZ REPO I 09/15 05 JOURNAL FANNIE MAE CMOSERIES 2003-52 KS-I/0 FLTR 3,458 17 FITM AZ TERM ENT 09/1505 INTEREST FANNIE MAE CAtiOSERIES 2003-52 KS-I/0 FUR DUE 07/11. 3.458 FITM AZ REPO I 09/16/05 JOURNAL FANNIE MAE CAtiOSERIES 2003-52 KS-I/0 FLTR 3,458 17 FIN Al REPO A 09/16.05 JOURNAL FANNIE MAE 2MOSERIES 2003-52 KS-I/O FUR 3,458 17 FITM Al REPO A FINANCAL TRUST CO INC STATEMENT PERO(' September 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER WEISER C'n File LAST STATEMENT August 31.2005 CREDIT AMOUNT -9.276.884 478,000.00 1.442.70 7.288.980 384.000.00 1.249.92 -9.276.884 -7.288.980 373,000.00 027 1001,05:11:50 001 EFTA00196003 CLEARED 114ROuGH ITS wisCtLY CAM,E0 SUEISIOally BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. =Pm 27 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SERLEMENT TRADE DATE DATE TIWISACRON DESCRPRON STMOCCCUSIP CVANT11Y OMIT AMOUNT CREDIT AMOUNT 09/16105 09/16105 09./I6/05 09/16x05 09/16/05 09/16105 09/16105 JOURNAL JOURNAL JOURNAL RECEIVED JOURNAL DELIVERED INTEREST FANNIE MAE CMOSERIES KS-I/0 FUR 3.458 FITM TERM FREOOIE MAC CMOSERIES SC-D0 RJR 3.531p1.019 FITM REPO FREOOIE MAC CMOSERIES SC-D0 RJR 3.531 / FITM TERM IMMO STATES TREASURY DUE 08115/2015 4,250 DOC FITM RESALE UMTEO STATES TREASURY 4.25 TERM REPO AGREEMENT LIMTEO STATES TREASURY DUE 08131/2007 4.000)111C7Em FITM TERM FANNIE MAE CMOSERIES KS-I/0 FUR 2003.52 17 A2 ENT 2886 Al 2886 19 A2 ENT NOTE 4260 Al NOTE 1S NOTE 4.000 A2 ENT 2003-52 NMI 9.276.884 -8.074.610 8.074.610 20.000.000 20.000.000 -60.000.000 478,000.00 444.030.03 20.175.000.00 20.175.000.00 105.43 60.375.000.00 I,Sean SPemit' GoI FINANCa TRUST CO INC STATEMENT PERIOD September 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER WEISER On File LAST STATEMENT August 31.2005 DUE 071 3.468 FITM A2 REPO I 027 IGOI 05:11:50 001 V896 EFTA00196004 CLEARED THROUGH ITS wisCtLY 01\,E0 SUETSIOTAlly BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. =Pm 28 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) FINANCIAL TRUST CO INC STATEMENT PERIOD September 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER WEISER Gn File LAST STATEMENT August 31.2005 SETTLEMENT TRADE DATE DATE TRANSACTOR DESCRPSON STMEICL,CVSTP MAMMY DEBIT AMOUNT CREDIT AMOUNT 09/16/05 INTEREST FREOOIE MAC CMOSERIES 2886 146.89 SC-D0 FUR DUE OA. 3.531 FITM A2 REPO I 09/16/05 INTEREST Utile) STATES TREASURY NOTE DUE O8! 4,250 FITM A2 REPO I 09/16/05 INTEREST UNiTE0 STATES TREASURY NOTE DUE 08/1#1. 1.000 MEE 3.155.15 15.563,33 09/19105 JOURNAL GOVERNMENT NATIONAL MTO ASSN -23.861.866 1.079.000.00 SERIES 2004.30 CLASS SU 3.590 14.2 FITM Al REPO A 09/19105 JOURNAL GOVERNMENT NATIONAL MTO ASSN SERIES 2004.30 CLASS SU 3.590R11032 FITM AZ TERM MENT 23.861.866 1.216.000 .00 09/19105 JOURNAL FEDERAL NATIONAL MTO ASSN -18.052.048 12.922.000 .00 SERIES 352 CLASS 0.001 FITM Al REPO 09/19105 JOURNAL FEDERAL NATIONAL MTO ASSN SERIES 352 CLASS 0.001R.I t FITM t AZ TERM ENT 18.052,048 13.289.000 00 09/19105 DELIVERED ANTED STATES TREASURY NOTE DUE 08/15 2015 4250 4.2503i.5 FILM A2 TERM EMENT -20,000,000 20.175.00000 027 TOOT 0511:50 001 V896 EFTA00196005 CLEARED THROUGH ITS VOIDS? OAAED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 29 ci r. Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) FINANCIAL TRUST CO INC STATEMENT PERIOD September 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER AXAMBER On File LAST STATEMENT August 31.2005 SETTLEMDIT TRADE DATE DATE TRANSACTION DESCRPTION SYME/CIAUSIP OVANTITY DEBIT AMOUNT CREDIT AMOUNT 09119/05 INTEREST GOVERN/ANT NATIONAL MM ASSN 018.19 SERIES 2004-30 CLASS SU DUE 02: 3.590 FITM AZ REPO I 09/19105 INTEREST FEDERAL NATIONAL MTO ASSN SERIES 352 CLASS I DUE 07 0.001 HIM AZ REPO I 09/19/05 INTEREST UPSET) STATES TREASURY NOTE DUE WOO 1.250 09/20105 JOURNAL FEDERAL NATIONAL NM ASSN SERIES 329 CUSS PO DUE 01101/33 STRIP FITM RPRIPMCe TERM NT 09/20105 JOURNAL FANNIE MAE CAOSERIES 2003-13 S RCR-1/0 FLTR 4.358 FITM TERM ENT 0912045 JOURNAL FANNIE MAE CMOMERIES 2003-52 KS-1/0 FUR 3.458 17 FITM A2 TERM MENT 09/2045 JOURNAL FANNIE MAE CMOSERIES 2003-52 KS-ItO FLTR 3,458 I7 FITM A2 TERM MENT 45,005.41 4.573,00 18.252.042 13.360.000 ,00 23.543.127 1.775.000 ,00 9.276.884 7.288.980 373,000,00 027 T0,01,05:I I:SO 001 EFTA00196006 CLEARED THROUGH ITS WHOLLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 30 ci r. Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SE111.0.00 TRADE DATE DATE TRANSACTION DESORPTION SYMEMICUSIP QUANTITY DEBIT AMOUNT CREDIT AMOUNT 09120/05 JOURNAL FEDERAL NATIONAL MFG ASSN 19,328,957 14.132.000.00 SERIES 346 CLASS 1 DUE 11R10). FONT A2 TERM MENT 09/20+05 JOURNAL GOVERNMENT NATIONAL MM ASSN 26.400.000 SERIES 2004-5 CLASS PS 3,340 FIRM 1.12 TERM ENT 09/20,05 JOURNAL CAVEMAN,' NATIONAL MFG ASSN EMI 17,600.000 SERIES 2004-5 CLASS PS FITMARGN A2 3,34ORDES. TERM NT 09/20,05 JOURNAL GOVERNMENT NATIONAL MAO ASSN 23,561.075 1 079.000,00 SERIES 2004-30 CLASS SU 3,590311.32 FITM A2 TERM MENT 09/20,05 JOURNAL FEDERAL NATIONAL MFG ASSN 7.848.716 5.958.000.00 SERIES 352 CLASS 1 0,001 FIRM Jatti lil4 TERM ENT 09/20,05 JOURNAL FEDERAL NATIONAL WO ASSN 18.052,048 12.922.000 ,00 SERIES 352 CLASS 1 0,0013.141 FM A2 TERM MENT 09/20,05 JOURNAL FEDERAL NATIONAL MFG ASSN 8.757,972 500 000,00 SERIES 353 CLASS 2 Ric FIRM Ofilinn3484 TERM RIMMAAENT FINANCIAL TRUST CO INC STATEMENT PERIOD September 1,2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER WEISER On File LAST STATEMENT August 31.2005 027 IGOIDS:l I:SO 001 "896 EFTA00196007 CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 31 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE 09120/05 0920105 09/2045 09120/05 TRNISACSON DESCRPRON SYMEMICUSIP QUANTITY JOURNAL FEDL HOME LOAN MT0 ODRPaS10109 8.736.422 JOURNAL SERIES 227 CLASS 10 PC/IllirA2 TERM MENT FEDL HOME LOAN MIG OCAAPPSIOT 09 18.392.469 JOURNAL SERIES 227 CLASS 10 ITM 31. 34A2 FITM TERM MENT FREDOIE MAC CMOSERIES 2886 8.074.610 JOURNAL SC-PO FUR 3.531R14.19 RIM A2 TERM AAENT FEDL HOME LOAN MIG CCAPtiStOt 10 16,271.372 SERIES 228 CLASS 10 6.000 FITM TERM ENT 09/2045 JOURNAL ADP CD FITM-PR 0920/05 INTEREST FEDERAL NATIONAL MFG ASSN SERIES 329 CLASS PO STRIP DUE 0110. 0.000 FITM C2 REPO I 09.2045 INTEREST FANNIE MAE CMOSERIES 2003.13 S RCR4i0 FLTR DUE 03:100. 4.358 FITM A2 REPO I FINANCIAL TRUST CO INC STATEMENT PERIOD September 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER MAMBER On File LAST STATEMENT August 31.2005 DEBIT AMOUNT CREDIT AMOUNT 1.706.000 .00 3,667,000.00 2.777.000.00 ISM 16.500.000, 11,727,11 1.558.06 027 10,01,05:II:SO 001 'esse EFTA00196008 CLEARED 1HROuGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 32 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPTION SYME/CVOUSIP OVANTITY DEBIT AMOUNT CREDIT AMOUNT 09/20105 INTEREST FANNIE ILME OMO(SERIES 20D3-52 165.78 09/20+05 INTEREST KS4/0 FUR DUE 07:10. 3.458 FITM A2 REPO I FEDERAL NATIONAL IMO ASSN 12.404.76 09/20(05 INTEREST SERIES 346 CLASS 1 DUE I 1 0.000 FR114 A2 REPO I GOVERNMENT NATIONAL LNG ASSN 120.19 SERIES 2004-30 CLASS SU DUE 02:11. 3.690 RUNT A2 REPO I 09120(05 INTEREST FEDERAL NATIONAL LNG ASSN MIN 1.439.37 SERIES 352 CLASS 1 DUE 0710 0.001 FR114 A2 REPO I 09120(05 INTEREST FEDERAL NATIONAL KIM ASSN NMI 12326.44 0912045 INTEREST SERIES 352 CLASS 1 DUE 073.1 0.001 FITM A4 REPO I FEDERAL NATIONAL KIM ASSN 1.034.44 09/2045 INTEREST SERIES 353 CLASS 2 DUE 0:1001. 6.000 FRM 64 REPO I FEDL 43ME LOANI.ITGOORP#S10109 3.218.81 SERIES 227 CLASS 10 FINANCIAL TRUST CO INC STATEMENT PERO(' &VETO& 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER WEISER On File LAST STATEMENT August 31.2005 DUE 12oil l 5.000 FITM A2 REPO I 027 10,01,05:1 I:SO 001 EFTA00196009 CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 33 0 :tt. Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT DATE TRADE DATE TRANSACTION DESORPTION SYME/MCUSIP OWARITY OMIT AMOUNT CREDIT AMOUNT 09/20/05 INTEREST FEDL HOME LOAN MTO COAPaS10109 3,529.52 SERIES 227 CLASS 10 DUE Ills 5.000 ATM A2 REPO I 0920105 INTEREST FEDL HOME LOAN MTO CORPHS10110 2.437.59 SERIES 228 CLASS DUE 02.01. 6.000 ATM 82 REPO I 09231 JOURNAL ADP CD lilt 16.500.000.00 FiTm-PR F2633219012 31/49 09/23/05 JOURNAL ADP CD NIB 16.500.0001 FITI1/44-PR F2633219013 /0131/49 09123,1 JOURNAL ADP CD 16.500.000.00 FITM-PR F2633219014 10131/49 09/23+05 JOURNAL ADP CD 17.400.000 FITM-PR F2633219015 A Ax Iola 1/49 0%232 INTEREST ADP CD 5.127.60 DUE 12/31/2049 025 3219012 09.26,1 JOURNAL ADP CD 17.400.000.00 FITM-PR F2633219016 FINANCIAL TRUST CO INC STATEMENT PERIOD September 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER MAASER Cn File LAST STATEMENT August 31.2005 12/3 1/49 027 10,01,05:1 I:SO 001 EFTA00196010 CLEARED THROUGH ITS WHOLLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 34 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) FINANCIAL TRUST CO INC STATEMENT PERIOD &VETO& 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER WEISER On File LAST STATEMENT August 31.2005 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPTTON STMOCCOUSIP CVANTITY DEBIT AMOUNT CREDIT AMOUNT 09/26/05 JOURNAL ADP CD 17.400.000 a Frthil-PR F2633219017 10)31(49 09124 JOURNAL ADP CD FrthePR F2633219018 10131(49 17.400.000.00 09/26/05 JOURNAL ADP CD FITIO-PR F2633219019 /0/41149 19.200.000 me. INTEREST ADP CD DUE 12(31/2049 8,625 FIULPR 3219016 5.437.50 09128(05 JOURNAL ADP CD FITIO-PR F2633219018 1(49 19.100.000 09/282 JOURNAL ADP CD FrthePR F263321901A flax fNIF 19)31(49 09281 INTEREST ADP CD DUE 12(31/2049 8,625 ill..3321901A TOTAL 19.200.000.00 4.033.33 $-533.985.843.74 5504.378.538.31 027 100105:11:50 001 Y896 EFTA00196011 CLEARED THRouGH ITS YAIOU.Y OunED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 35 o Transaction Detail (continued) MISCELLANEOUS DATE 1.00AT TRANSACTEY4 DESCRIPTION DEBIT AMOUNT CREPT AMOUNT 09/01105 JOURNAL TO CMDY NC 119.924.00 09102105 JOURNAL TO CMDY NC 114.810.00 09/06+05 JOURNAL TO CMDY NC 164.532.50 0907105 JOURNAL FR CMOY NC 66.530,00 0910EPOS JOURNAL FR CMOY NC 76.804 .38 0909105 JOURNAL FR CMOs! NC 5.112.50 09/13/05 JOURNAL FR CMOY NC 116.022.50 09113/05 JOURNAL FNMA-30YR(FNMA)G O 108.593.74 SETT.09/DS 5000 DUE 09t01/36 ABS NET 09113/05 0911 3/05 JOURNAL FNMA-30YR(FNMAJOTO 699.023.44 SETT.09805 5400 DUE 09/01/3S MBS NET 09113/05 09114/05 JOURNAL FNAAA-30YR(FNAAAJOTO 86.937.50 SETT.09/DS 6.000 DUE 09/01/35 MBS NET mums 09/16,SS JOURNAL FR CMOY NC 396.328.50 0920/05 JOURNAL 8/05 SPEC PART 2 CLR FEES 5.360.00 TOTAL S-1.212.233.68 $745.735.38 FINANCIAL TRUST CO INC STATEMENT PERO(' September 1.2005 THROUGH September 30.2005 AccouNT NUMBER TAXPAYER KAMER On File LAST sTATELIENT August 31.2005 027 NM 051 1:50 001 V896 EFTA00196012 CLEARED THROUGH ITS viiiCtl.Y 0%1T,*0 SUBSIO4Ally BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 36 Trades Executed Pending Settlement SETTLEMENT TRADE DATE DATE lIANSACRON 10/13105 09/16105 BOUGHT 10/13+05 09/07/05 SOLD DESCRIPTION 0.100...CLISP comm. emu FNMA-30YR(FNMA)GID 50,000.000 .00 100.3203 SETT. 10/05 05.500% 57250000 BS FNMA-30YR(FNMA)GID -50.000.000 ,00 100 .6250 SETT.10/05 05.500% 57170000 BS FINANCIAL TRUST CO INC STATEMENT PERIOD September 1.2005 THROUGH September 30.2005 ACCOUNT NUMBER TAXPAYER KAMER On File LAST STATEMENT August 31.2005 OM AMOUNT SO, 160.156 .25 CM= AMOUNT 50.312.500 .00 TOTAL S50.160.156.25 550.312.500.00 The above non m nci applar In wt 011w socll 01 MC stalamoni. End of Statement 027 T0,0105:11:50 001 V896 EFTA00196013 CLEARED THROUGH ITS WICALY OMAX0 SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT S m ear. Stearns & Co. Inc. ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE wenv.bearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 7 Trades Not Yet Settled 33 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD 3.188.141 LONG ACCRUED INTEREST 34.115 NET CREDIT BALANCE 221.488 NET EQUITY THIS PERIOD $3,443,744 NET EOLOTY LAST STATEMENT 3,241.555 CHANGE SINCE LAST STATEMENT 202.189 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. III111111111111111 I ll FINANCIAL TRUST CO INC CIO JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Market Value of Your Portfolio 5221.488 Cash Equvalent 1.$11.712 Fixed Income $3.188.141 $3.204.048 IIIII Current market value au Last statements market value FINANCIAL TRUST CO INC STATEMENT PER100 Jug 30.2005 THROUGH August 31.2005 ACCCUNT NUMBER TAXPAYER NUMBER en Ede LAST STATEMENT 11// 29. 2005 Tin summary E lot Scdeseortel poem cely. It a not NOM as. tat doused Ain scateatero NNW M retaned to, your records Soo worn Sr Tor irrexclott yeoman= 027 0B 01,05:13:28 001 Y895 EFTA00196014 GEARED IHROUGH ITS YAIOtlY OMAE0 $1.10540MAY FINANCIAL TRUST CO INC 2 o135 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0201,05:12:211 001 Y895 EFTA00196015 CLEARED THROUGH ITS WHOLLY OWNED SUBSTAARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 3 a1 >s Cash Flow Analysis THIS PEPICO Income Summary THS PERIOD YEAS TO DATE Opening Balance $11.711.77 U.S. Govt. Bond Int. 461.711.95 4.520.094.57 Govt. Agency Int. 627.049.58 5.392.264.53 Securities Sold 1.146.377.233.41 Corp. Bond Int. 168,705.12 1.142.506.31 Dividendsllnterest 1,258,464.71 Credit Balance Int. 998.06 5,322.57 Miscellaneous 1.174.993.98 Reverse Repurchase Int. 150,243.08 1.523.787.61 Amount Credited $1.148.810.692.10 Total $1 408 707.79 $12 583 975.59 Securities Bought -1,147,503,302.86 Bond Purchase Int. -752.302.99 -6.392.956.47 Dividendsllnterest Charged -752.302.99 Repurchase lnt. Exp. -208.934.41 -1.500.580.05 Miscellaneous -345.310.50 Amount Debited $-1.148.600,916.35 Portfolio Composition Net Cash Activity 209.775.75 Cashstash Equivalent 221,488 ClosingBatance $221.487.52 Fixed Income 3.188,141 Total $3.409.629 Cash Balance Summary OPENING CLOSING Margin 11,711.77 221,48732 Net Cash Balance $11,711.77 $221.487.52 027 0001.135:13:39 001 FINANCIAL TRUST CO INC STATEMENT PERIOD Jug 30.2005 THROUGH August 31.2005 ACCOUNT NUMBER TAXPAYER MASSER OK File LAST STATEMENT Jul/ 29.2005 Your Portfolio Allocation Cash 8 Equivalent s% — Fixed Income 94% UnWo0tel Grown aeocne Oat bane, melte shol ma*, < vela, The elopers. re-cents-de I, otopme item to etnel.te merlon rat), el )VV P.,6010 V895 EFTA00196016 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARy BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 4 o ;$s Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCPJP1ON CASH BALANCE SGMCLO.E1P /AKAKET ESTIMATED CURRENT Oil/daffy PACE VALUE ANNUAL INCOME YELD 14) 221.488 TOTAL CASH & CASH EQUIVALENTS 5221.485 FIXED INCOME Government & Agency Obligations DESCRIPTION SGMOLCUSP ACCT TYPE OUANTITY PACE MARKET VALUE ACCRUED INTEREST EsrmsTE0 ANNUAL NCOLIE CIMR5W YELL/ iN) GOVERNMENT NATIONAL MTG ASSN MRGN 14.468.859 5.9466 860.404 15.870 519.432 60.3707 SERIES 2004-035 CLASS SP DATED DATE 05/21/04 BOOK ENTRY ONLY DUE 12/20/2029 3,90% FACTOR .88845284 GOVERNMENT NATIONAL MTG ASSOC MRGN 14,505.776 6,1364 890.134 SERIES 2004-041 CLASS SE DATED DATE 06/23.04 BOOK ENTRY ONLY DUE 05120/2030 FACTOR .90308336 FEDERAL NATIONAL MTG ASSN MRGN 11,861.919 6,8431 811.726 6.638 398.323 49.0711 SERIES 2003.49 CLASS SW DATED DATE 04/30/03 BOOK ENTRY ONLY DUE 01/2512033 3.358% FACTOR — .48800907 FINANCIAL TRUST CO INC STATEMENT PERIOD Jul/ 30.2005 THROUGH August 31.2005 ACCOUNT NUMBER TAXPAYER KAMER On File LAST STATEMENT JuD 29.2005 027 OSOIXIS:13:Ze 001 .895 EFTA00196017 CLEARED THROUGH ITS wisCtLY OW,E0 SUOSIOMAY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 5 Your Portfolio Holdings (continued) Government & Agency Obligations (continued) DESLR "'ION SINEOLCUSP ACCT TYPE °UMW PRICE IAARKET VALLE ACCRUED MEREST (STEAMED ANNUAL INCOME CURFENT TED 19/ FEN. HOME LOAN MTG CORP/SIMS MRGN 466.211 21,4063 99.798 1.943 23,311 23,3582 SERIES 227 CLASS 10 DATED DATE 11/01/04 BOOK ENTRY ONLY DUE 12/01/2034 5400% FACTOR - .93242216 Total Government& Agency Obligations 62,682,062 $24451 $941,068 Corporate Bonds ACCT ittRuE0 ESTMAIW DATENT DESCRIPTION $9.30UCUSP TYPE GUMMY PRICE IAARXET VN.LE entFEST ANNUM. INCOME YEW Phi ALTERNATNE LOAN TRUST MRGN 35,363,806 1,0876 526,079 9.660 579.966 110,2431 SERIES 2004-30CB CLASS I -AS DATED DATE 12/27/04 BOOK ENTRY ONLY DUE 02/25/2035 1440% FACTOR — 48409516 RATING: MOODY MA S&P MA Total CorporateBonds $528,079 $9,660 1679,968 TOTAL FIXED INCOME 13.166.141 $34.115 $1.521,032 FINANCIAL TRUST CO INC STATEMENT PER100 Jul/ 30.2005 THROUGH August 31.2005 ACCCUNT NUMBER TAXPAYER MAWR On File LAST STATEMENT JO/ 29.2005 YOUR PORTFOLIOHOLDING$ACCRUED INTEREST $34.115 YOUR PORTFOLIONOLDINGSESTIMATED ANNUAL INCOME $1.521.032 YOUR PRICEDPORTFOLIOHOLDINGS $3.409.629 027 OltIOS:12:29 001 VERE EFTA00196018 CLEARED THROuGH ITS YiIICtLY CA1T,E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 6 Repurchase and Reverse Repurchase Transactions with Bear,Stearns& Co. Inc.outstanding as of date of statement PM:WS& REPURCHASE PROM PURCHASE PRIM ACCRUED REPO CUNITIN START DATE DATE RATE PRINCPAL MEREST* (FACE AMOUNT) CUSP DESCRIPTOR FINANCIAL TRUST CO INC STATEMENT PERKO JuR 30.2005 THROUGH August 31.2005 ACCOUNT NUMBER TAXPAYER NURSER On File LAST STATEMENT Jul/ 29.2005 YOU PROVIDED FEDERAL NATIONAL MTG ASSOC (MARGIN) 0729/05 OPEN 0.000 -50.000.000 SERIES 2003-13 CLASS 4.3587 oa25133 YOU SOLD FANNIE MAE STRIPS (REPO) 08/01/05 09/01/05 3.730 -5.923.000 -19.024 -10.000.000 SERIES 352 CLASS PO 07101/34 YOU SOLD FANNIE MAE STRIP (REPO) 08/01/05 09/01/05 3.730 -1.850.000 -5.942 -10.000.000 SERIES 353 CLASS 10 5.0000 07/01/34 YOU SOLD FEDERAL HOME LOAN STRIP (REPO) 08/01/05 09/01/05 3.730 -500.000 -1.605 -9.500.000 SERIES 227 CLASS 10 5,0000 12/01/34 YOU SOLD FANNIEMAE STRIP (REPO) 08/12/05 09/12105 3.770 -13.401.000 -28.067 40.000.000 SERIES 329 CLASS PO 12/01132 YOU SOLD FANNIEMAE STRIP (REPO) 08/12/05 09/12/05 3.770 -14.274.000 -29.896 -30.000.000 SERIES 346 CLASS PO 11/01/33 YOU SOLD FEDERAL HOME LOAN STRIP (REPO) 08/12/05 09/12/05 3.770 -3.938.000 -8.247 -20.000.000 SERIES 227 CLASS 10 5.0000 12/01/34 YOU SOLD FREDOIEMAC STRIP (REPO) 08/12/05 09/12/05 3.770 -3.124.000 -6.543 -20.000.000 SERIES 228 CLASS 10 6.0000 02/01/35 YOU SOLD FEDERAL NATIONAL MTG ASSOC (REPO) 08/15/05 09/14/05 3.780 458.000 -817 -14.000.000 SERIES 2003-52 CLASS 3.4587 07/25/17 YOU SOLD FEDERAL NATIONAL MTG ASSOC (REPO) 08/15105 09/15105 3.780 -384.000 -685 -11.000.000 SERIES 2003-52 CLASS 3.4587 07/25/17 YOU SOLD FANNIE MAE STRIPS (REPO) °mates 09/19/05 3,810 -13.289.000 -19.689 -23.000.000 SERIES 352 CLASS PO 07/01/34 027 090I.0503:29 001 V891 EFTA00196019 CLEARED THROUGH ITS WHOU.Y OWNED $UB9DAAY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 7 s. ss Repurchase and Reverse Repurchase Transactions (continued) with Bear,Stearns& Co.inc.outstanding as of date of statement (continued) KROUSE( START DATE REPURCHASE DATE PRICING RAM PURCHASE atice, PRINCIPAL ACCRUED REPO MEREST' GUNFTITI (FACE AMOUNT) CUSP DESCRIPTION YOU SOLD GOVERNMENT NATIONAL MEG ASSOC (REPO) 08/18/05 09/19/05 3,810 -1,216,000 -1.801 -27.112,874 SERIES 2004-30 CLASS 3,5906 02/20/32 YOU PROVIDED GOVERNMENT NATIONAL MEG ASSOC (MARGIN) 08/26/05 OPEN 0,000 -26.400.000 SERIES 2004-5 CUSS P 3,3406 02/20133 YOU SOLD FEDERAL HOME LOAN MTG CORP (REPO) 08/29105 OPEN 0,010 -1 -9.724.538 SERIES 2886 CLASS SC 3,7287 07/15/19 YOU SOLD USTR 4,2500 08115/I5 (REPO) 08131/05 09401/05 3,200 -20.225.000 -1,797 -20.000.000 YOU SOUGHT USTR 4,0000 08/31/07 (REVERSEI 08:31,05 09(01/05 3.320 68.255.000 6.294 65030.003 TOTAL REVERSE REPURCHASETRANSACTIONS £413.235.000 $6.294 FINANCIAL TRUST CO INC STATEMENT PERIOD Jug 30.2005 THROUGH August 31.2005 ACCOUNT NUMBER TAXPAYER MAWR On File LAST STATEMENT Jul/ 29.2005 TOTAL REPURCHASETRANSACTIONS As el sialcmool dam $48.932.001 3424.113 Transaction Detail INVESTMENT ACTIVITY STATEMENT TRADE DATE DATE TRANSACTION DESCRSTION 08101105 07/29(05 BOUGHT UNITED STATES TREASURY NDTE 04,125% MN 15 MATURITY GVER REF tt G2105081 Al SIMBOLCUSIP WANT& APACE DM AMOUNT 10,000,000 98,78125 9,878,125 ,00 ACCR, INT, 87.432,07 CREDIT APADutil 027 CGOI.05:I3:28 001 "895 EFTA00196020 CLEARED THROUGH ITS WHEEL? OMS*0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 8 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 08/01105 TRADE DATE TRANSACTION 07/28105 SOLD OESORPTION UNITED STATES TREASURY NNE 03.875% JJ 31 MATURITY GVER REF # G2O93006 B1 08101105 07/28/05 SOLD UNITED STATES TREASURY N3TE 03.875% JJ 31 MATURITY GVER REF # G2O93006 Al 08/11/05 08/03105 BOUGHT FNMA-30YR(FNMA)OID imwit SEIT.08/04 05.500% 7160000 BS 08/1 1105 07/15+05 CANCEL SELL FNMA-33YR(FNMA)OTD amos SEIT.01VO4 05.500% 7180000 BS AS OF 07/15+05 TO C/3. PREVIOUS SELL S THEIOLCUSV 03,11.05 07:07.05 CANCEL SELL FNMA-33YR(FNMA)ETID SETT.08/04 05.5001 57310000 SS AS OF 07/07105 TO C/3. PREVIOUS SELL -23.000.000 PAIGE 99.80469 ACCR. INT. ile3 Co FINANCIAL TRUST CO INC STATEMENT PERTOO Jug 30.2005 THROUGH August 31.2005 AGLOW! NUMBER TAXPAYER NUMER Ofl File LAST STATEMENT JUN 29. 2006 DEBIT AMOUNT CREW MOW 22.955078 .13 2.421.87 -50.000.000 99.80469 ACCR. INT. 49.902.343 .75 5.264.95 1.000.000 100.45313 1.004.531 .25 30.000.000 100.82031 30.246.093.75 30.000.000 100.96875 30.290.625.00 OM 1105 07/29105 CANCEL SELL FNMA-30YR(FNMA)ETID SETT O8104 05.500% 57090000 BS AS OF 07+29.05 TO C/3. PREVIOUS SELL 40.000.000 100.50781 40.203.125.00 027 09,01,OS:10:28 001 EFTA00196021 CLEARED THROUGH ITS WHCELY GMB*0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 9 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE Oen 1/05 07/11/05 08/1 1105 07/08105 OM 1/05 07/08/05 08111/05 08/0345 08/11/05 08/0345 08/11/05 07/15/05 TIANSAC110,1 BOUGHT OESCRETION FNMA-30YR(FNMA)OTD SETT.08104 040005.500% 57110000 BS CANCEL SELL FNMA-30YRTHMAJO1D 05.500% 7250000 BS AS OF 07/08105 TO C)3. PREVIOUS SELL CANCEL SELL FNMA-30YRTNMA)G1D SETT.08/04 05.500% 7250000 BS AS OF 07/08/05 TO C)3. PREVIOUS SELL BOUGHT FNMA-30YRTNMA)G1D SETT 08104 05.500% 7180000 BS CANCEL BUY FNMA-30YR(FNMA)GTD SETT.0004 101.5 C6.5e" 7160000 BS AS OF 08/03105 TO CM. PREVIOUS BUY SOW FNMA-30YRTNKIMG1D SETT.08/04 01.11105.500 57180000 BS itkl Co FINANCa TRUST CO INC STATEMENT PERK* Jul/ 30.2006 THROUGH August 31.2005 AGLOW! NUMBER TAXPAYER MASER On File LAST STATEMENT Jul/ 29.2005 SYMBOLCUS, OVANDO' ProcE DEBIT AMOUNT CREDIT AMSUNT 50.000.000 100.88281 50,441,406.25 VIM 50.000.000 100.96094 50.480.468.75 Mill 50.000.000 100.96094 50.480.470 .00 99.000.000 100.43750 99.433.125.00 -1.000.000 100.45313 1.004.531.25 -30.000.000 100.82031 30.246.093 .75 027 09,01,136:13:29 001 '.89S EFTA00196022 CLEARED THROUGH ITS WHOM.? GMB*0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 10 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 089 1/05 07/07105 SOLD 0891105 07/29105 SOLD 08111/05 07/11105 CANCEL BUY 08, l 1,05 07:0505 SOLD 08,11105 07/08105 SOLD 08111105 08/03105 CANCEL BUY OESCRETION FNMA-30YR(FNMA)OM SETT.08104 1~05.500% 57310000 BS FNMA-30YR(FNMA)010 isais SEIT.0844 05.500% 7090000 BS FNMA-30YR(FNMA)G10 SETT.08/04 1~05.500% 57110000 BS AS OF 07/11105 TO CXL PREVIOUS BUY FNMA-30YR(FNMA)G10 SETT.08/04 1011.05.500% 57250000 BS AS OF 07:0895 FNMA-30YR(FNMA)G10 SETT.08104 , 05.500% 57250000 BS FNMA-30YR(FNMA)G10 SETT:38/04 05.500% 7180000 BS AS OF 08/03105 TO CM. PREVIOUS BIN itkl Co FINANCa TRUST CO INC STATEMENT PERTOO Jul/ 30.2005 THROUGH August 31.2005 AGLOW! NUMBER TAXPAYER NUIMER On File LAST STATEMENT J011 29. 2005 SYMBOT.CUS, DANTint PRICE DEBIT AMOUNT CREDIT AMOUNT -30.000.000 100.96875 30290,625.00 -40.000.000 100.50781 40.203,125 90 -50.000.000 100.88281 50.441.406 ,25 -50.000.000 100.96094 50.480.468 .75 -50.000.000 100.96094 50.480.470 .00 -99.000.000 100.43750 99.433.125 .00 027 09,01,136:13:09 001 '.89S EFTA00196023 CLEARED THROUGH ITS (AM,ED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 11 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE esittes 0&03l05 comes 07/21105 08/11115 08/03/05 08/11115 07/21/05 08/11115 08/10.'05 08/12105 08111105 08/12/05 08/11105 TRANSACTION BOUGHT OESCRIPTION FNMA 30Th GTO SETT, 08/05 INNS 05.000% 7990000 BS CANCEL SELL FNMA 30Th GTO SETT, 08/05 ~ 05.000% 57190000 BS AS OF 07/21105 TO It PREVIOUS Sal. CANCEL BUY FNMA 30YR GTO SETT, 08/05 111. 505.003% 7990000 BS AS OF 08/03105 TO It PREVIOUS BUY SOLD FNMA 30YR GTO SETT 08/05 05,000% 57190000 BS BOUGHT UNITED STATES TREASURY NOTE 04125% MN MATURITY GVER REF N G2222986 Al BOUGHT UNITED STATES TREASURY NOTE 04,125% MN MATURITY GVER REF # G2234235 Al SOLD UNITED STATES TREASURY NOTE 04125% MN MATURITY GVER REF # G2234830 Al kf , FINANCAL TRUST CO INC STATEMENT PERK* NEN 30.2005 THROUGH August 31.2005 ACCOUNT NUMBER TAXPAYER MAWR Cfl File LAST STATEMENT Jul/29. 2005 SYMBOL:CUSP CAMMITY Pea DENT AMOUNT CREPT AMOUNT 10.000.000 98.34766 9.834.765,63 10.000.000 98.59375 9.859.375 MO -10.000.000 98,34766 9.834.765,63 -10.000.000 98.59375 9.859.375.00 5.000.000 98.06250 4.903.125.00 15 ACCR, NT, 49.320,65 30.000.000 98.25000 29.475.000.00 15 ACCR, NT, 299.28668 -30.000.000 98.34375 29,503,125.00 15 ACCR, INT, 299.286,68 027 0901,051 3:28 001 '.89S EFTA00196024 CLEARED THROUGH ITS WHOM.? (MSC> SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 12 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION OESCRETION STMEIOLCUSV OVANTITY nnicE DEBIT AMOUNT CREPT AMSUNT 08/12/05 08/11/05 BOUGHT UNITED STATES TREASURY NOTE 15.000.000 99,56250 14.934.375,00 DUE 07/31/2007 03,875% JJ 31 ACCR. 18.953,80 SPECIAL INSTRUCTIONS YIELD 4,108 % M MATURITY GVER REF V G2233644 Al WWEB 08/1 5105 08/12105 BOUGHT UNITED STATES TREASURY NOTE 10.000.000 99,70313 9.970.312,50 03,875% JJ 31 MATURITY ACCR. WT, 15794,84 GVER REF # G2245038 Al 08/15105 06112105 SOW UNITED STATES TREASURY NOTE NMI -20.000.000 99,65500 19.931.000 .00 03,875% JJ 31 MATURITY ACCR, INT, 31.589,67 GVER REF #/02215035 A3 AS OF 08/12/05 08/16105 08/15/05 SOLD UNITED STATES TREASURY NOTE -5.000.000 98,72266 4.936.132,81 04,125% MN 15 MATURITY ACCR, INT, 52.122,96 GVER REF V G2273023 Al 08/16105 08/15105 BOUGHT UNITED STATES TREASURY NOTE 5.000.000 99,90625 4.995.312.50 04,250% FA 15 MATURITY ACCR. WT, 677.45 GVER REF # G2273026 Al 08/16105 08/15105 SOLD UNITED STATES TREASURY NOTE -10.000.000 99,68750 9.968.750,00 04,250% FA 15 MATURITY ACCR, INT, 1.154,89 GVER REF #/02273919 Al 08/17/05 08/16105 BOUGHT UNITED STATES TREASURY NOTE 10 030.000 100,25000 10.025.000.00 04,250% FA 15 ACCR. 2.309.78 MATURITY GVER REF # G2285068 Al itkl Co FINANCAL TRUST CO INC STATEMENT PERK* Jul/ 30.2005 THROUGH August 31.2005 AGLOW! NUMBER TAXPAYER NADER Ofl File LAST STATEMENT JUN 29. 2005 027 09,01,136:13:09 001 '.89S EFTA00196025 CLEARED THROUGH ITS WHOLLY OwNED SUSDCHAAy BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 13 O FINANCIAL TRUST CO INC STATEMENT PERK* Jul/ 30.2005 THROUGH August 31.2005 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACTION Dues priON SIMEO-CUSP CAJANTID PRCE ACCOUNT NUMBER TAXPAYER RUMMER On File LAST STATEMENT J011 29. DEPT AMOUNT 2005 CREDIT MOUNT 08717/05 08/16/05 SOLD UNITED STATES TREASURY NOTE -10,000.063 99.73438 9.973.437.50 03.875% JJ 31 ACCR, INT. 17.900.82 . 0 MATURITY GVER REF It G2284269 Al 08/18105 08117105 BOUGHT UNITED STATES TREASURY NOTE 25.000.000 99,83984 24.959.960.94 04.250% FA 15 MATURITY ACCR, INT, 8.661.68 GYER REF # G2294678 Al 08/18/05 08/17105 SOLD UNITED STATES TREASURY NOTE -25.000.000 100.07813 25.019.631 .25 04.250% FA 15 MATURITY ACCR, INT, 8.661.68 GYER REF # G2292609 Al 08/1 9/05 08/18105 BOUGHT UNITED STATES TREASURY NOTE 10.000.000 100.26563 10.026.562.50 04.250% FA 15 ACM INT. 4.619.57 MATURITY GVER REF es G2303843 Al 08/1 9/05 08/18105 SOLD UNITED STATES TREASURY NOTE EMI -10.000.000 100.12500 10.012.600 .00 04.250% FA 15 0 MATURITY ACCR, INT, 4.619.57 GVER REF It 02303360 Al 08122/05 08/19/05 BOUGHT UNITED STATES TREASURY NOTE 10,030.000 100.31250 10,031,250.00 DUE 08/15/2015 04,250% FA 15 SPECIAL INSTRUCTIONS ACCR, INT, 8.08424 YIELD 4.211 % TO MATURITY GYER REF # G2313898 Al WWEB 08.22/05 08/19105 BOUGHT UNITED STATES TREASURY NOTE 25.000.000 100.34375 25,085,937.50 DUE 08/15/2015 04.250% FA 15 ACM INT, 20.210.60 SPECIAL INSTRUCTIONS YIELD 4.207 % TO MATURITY GYER REF # G2348702 S1 AS OF 08/19/05 027 000145:13:29 001 Y893 EFTA00196026 CLEARED THRouGH ITS y/NO.E.Y Cms*0 SUEISIOany BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 14 ilkl Co FINANCa TRUST CO INC STATEMENT PER100 NEN 30.2005 THROUGH August 31.2005 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACTION OESCRETION STMEIOLCUSV CIJANTITe PRCE ACCOUNT NUMBER TAXPAYER WISNER On File LAST STATEMENT J011 29. DEBIT AMOUNT 2005 GRIM MIDUNT 08(22/05 08/19/05 SOLD UNITED STATES TREASURY NOTE -25.000.000 100.26563 25.066.406.25 04.250% FA 15 ACCR, INT. 20,210.60 MATURITY GVER REF # G2313522 Al 08(22/05 08/19105 BOUGHT UNITED STATES TREASURY NNE 10.000.000 99.75000 9.975.000.00 03.875% JJ 31 ACM T. 23.165.76 MATURITY GVER REF # G2313868 Al 0822/05 PRINCIPAL GOVERNMENT NATIONAL MTG ASSN -166.188 SERIES 2004-035 CLASS SP 3.770 DUE 12/20/29 PRINCIPAL REDUCTN 08-20-05 08(22/05 PRINCIPAL GOVERNMENT NATIONAL MTG ASSOC -150.917 SERIES 2004-041 CLASS SE DUE 05/20/30 PRINCIPAL REDUCTN 08-20-05 0824105 08/23105 BOUGHT UNITED STATES TREASURY NOTE 10.000.000 100.57813 10.067.812.50 04.250% FA 15 ACCR. M. 10.394.02 MATURITY GVER REF # G2354385 Al 08/24105 08/23105 SOLD UNITED STATES TREASURY NOTE -10.000.000 100.40625 10.040,625 (00 04.250% FA 15 ACCR. INT. 10,39442 0 MATURITY GVER REF At G2352709 Al 08125/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 128,288.70 SERIES 329 CLASS PO DUE 01/01/33 STRIP PRIN WC( 07-05 PA) 08-25-05 REPO P 8I 0.0000 027 020145:12:29 001 11895 EFTA00196027 CLEARED THROUGH ITS WHCXLY OWNED SUBSDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 15 ci Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 08/25M5 TRADE DATE TRANSACTOR PRINCIPAL DESCRPTION FEDERAL NATIONAL MTO ASSN SERIES 329 CLASS PO WE 01/01/33 STRIP PAIN RID 07-05 PM 08-25-05 REPO P 8I 0.0000 08(25/05 PRINCIPAL FEDERAL NATIONAL MTO ASSN SERIES 2003-49 CLASS SW 3.358 DUE 01125/33 PRINCIPAL REDUCTN 08-25-05 08/25/05 PRINCIPAL FEDERAL NATIONAL MTO ASSN SERIES 346 CLASS 1 WE 11/01/33 KIN RID 07-05 PM 08-25-05 REPO P 8I 0.0000 09025/05 PRINCIPAL FEDERAL NATIONAL MTO ASSN SERIES 346 CLASS 1 WE 11/01/33 PAIN RID 07-05 PM 08-25-05 REPO P 8I 0.0000 09025/05 PRINCIPAL FEDERAL NATIONAL MTO ASSN SERIES 352 CLASS 1 0.001 DUE 07/01/34 PAIN RID 07-05 PA 08-25-05 REPO P 8I 0.0000 0845105 PRINCIPAL FEDERAL NATIONAL MTO ASSN SERIES 352 CLASS 1 0.001 DUE 07/01/34 PAIN RID 07-05 PA) 08-25-05 REPO P 8I 0.0000 08125/05 PRINCIPAL ALTERNATIVE LOAN TRUST SERIES 2004-3008 CLASS 1-A-8 1.640 DUE 02125P35 PRINCIPAL REDUCTN 08-25-05 STUD0ALISP OJAturre PEKE FINANCIAL TRUST CO INC STATEMENT PERKO Jug 30.2005 THROUGH August 31.2005 ACCOUNT NUMBER TAXPAYER WOOER GT1 File LAST STATEMENT JUN 29. 2005 DENT AMOUNT CR= AMOUNT 384,866.10 -325.337 168.299.20 336.598.40 241.100.60 654.531.38 -985.861 027 00010S:13:29 001 1896 EFTA00196028 CLEARED THROUGH ITS WHEEL? (MSC> SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 16 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE mANssicnom OESCRPTION STMOOLCUMP OVANDO, PRCE DEBIT AMOUNT GRECO ARVUNT 08(26105 08/25105 BOUGHT UNITED STATES TREASURY NOTE 18.000.000 99.77344 17.959.218.75 03.875% JJ 31 MATURITY ACCR, 4#279.89 GYM REF # 02373905 at 08,26+05 08/25/05 BOUGHT UNITED STATES TREASURY NOTE 50.000.000 99.77344 49.886.718,75 03.875% JJ 31 ACCR. WT. 136.888,59 MATURITY GYM REF # G2373905 Al 08,29105 08126+05 BOUGHT UNITED STATES TREASURY NOTE 5.000.000 100.79688 5.039.843,75 04.250% FA 15 AC08. INT. 8.084,24 MATURITY GVER REF # G2382619 Al 08,2945 08126/05 SOLD UNITED STATES TREASURY NOTE EMI -5.000.000 100.65625 5.032.812.50 DUE 08/15/2015 04.250% FA 15 ACCA. INT. 8.084.24 SPECIAL INSTRUCTIONS YIELD 4.169 % TO MAttIRITY GVER REF # 02412240 Al WINES AS OF 08726105 08,30,05 JOURNAL FREDDIE MAC CMUSERIES 2886 111111111 SC-VO RTR 3.728 DUE 07/15/19 08,31105 08/30/05 BOUGHT UNITED STATES TREASURY NOTE 5.000.000 100.67188 5,033,593,75 04.250% FA 15 ACM. NE 9,239,13 MATURITY GVER REF # 02422297 Al 08,31105 08130.'05 BOUGHT UNITED STATES TREASURY NOTE 15.000.000 99,97656 14,996.484,38 04.000% FA 28 MATURITY GYM REF # 02423132 Al 027 09,0105:13:39 001 11896 ,iIk1 Co FINANCa TRUST CO INC STATEMENT PER100 Ju// 30.2005 THROUGH August 31.2005 AGLOW! NUMBER TAXPAYER KINDER Ofl File LAST STATEMENT JUN 29. 2005 EFTA00196029 CLEARED IFIROuGH ITS ViHC‘LY en‘v.eo SUEISID4ARY BEAR STD;RNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 17 FINANCiAL TRUST CO INC STATEMENT PEAK* JuB 30.2005 THROUGH August 31.2005 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANS/CT/DM °ESCAPISM SIMBEACEIMP CAJUVrity PRZE ACCOUNT NUMBER TAXPAYER AVISER LAST STATEMENT DENT AMOUNT On FAA J01129. 2005 CREPT MAJUNT 08/31105 08/30105 SOLD UNITED STATES TREASURY NOTE -15.000.000 99,99219 14.998.828.13 04,000% FA 28 MATURITY GVER REF it 62423964 Al 08,31/05 08/25105 SOLD UNITED STATES TREASURY LADTE ~I -18.000.000 100,00000 18.000.000 .00 04,000% FA 28 MATURITY GVER REF Tt 62373906 BI 0841/05 08/25105 SOLD UNITED STATES TREASURY LADTE ~I -50.000.000 100,00000 50.000.000 .00 04,000% FA 28 MATURITY GVER REF tt 62373906 Al TOTAL 14340,259621.44 3879.689.952.28 INTEREST DATE OESCRPTHEN SYMBOLICUSIP OMMAITY RATE I%1 DENT AMOUNT [PEW AMOUNT 08101/05 AVG BAL 467,110 RT 2.481 021 OFFICE INTEREST 0705 08/15105 FEDL HOME LOAN ATM CORPMS 10109 SERES 227 CLASS 10 DUE 12/01/2034 5,000 INT RID 07-05 P/D 08-15-05 REPO P &I 5,0000 08/I 5105 FEDL HOME LOAN VATG CORN/610109 SERES 227 CLASS n DUE 1210112034 5,000 INT RID 07-05 P/D 08-15-05 REPO P &I 5,0000 998,06 5,0000 1.967,86 5,0000 37.389,40 027 096166:13:29 001 V895 EFTA00196030 CLEARED 1KROUGH ITS vusou.v cuw.E0 8,18504.4ov BEAR STD;RNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 18 Transaction Detail (continued) INTEREST (continued) r. ql FINANCIAL TRUST CO INC STATEMENT PERK* Jul/ 30.2005 THROUGH August 31.2005 ACCOUNT NUMBER TAXPAYERm.493ER OnfIle LAST STATEMENT AA/ 29. 2005 DATE DESORPTION SYMEIWCUSIP a/Pinny RATE 1%/ DEBIT AMOUNT CREDIT AMOUNT 08115405 FEDL HOME LOAN MI6 CCIVWS10109 5.0000 78.714.53 SERES 227 CLASS 10 DUE 12/01/2034 5.000 INT R/D 07-05 PAD 08-15-05 REPO P &I 5.0000 08/15+05 FREDDIE MAC CMDSER1ES 2886 3.9110 11.317.04 SC-VO RIR DUE 07/15/2019 3,911 INT R/D 07-05 Pit 08-15-05 REPO P & I 3.9118 5/05 FREDDIE MAC CMDSERIES 2886 3.9110 16.196.21 SC-VO RTR DUE 07/15/2019 3,911 INT R/D 07-05 PM 08-15-05 REPO P & I 3,91 18 OM 5+05 TEDL HOME LOAN IRTG GORP#S 10110 6.0000 87.142.06 SERES 228 CLASS ID DUE 02/01/2035 6.000 INT R/D 07-05 PAD 08-15-05 REPO P &I 6.0000 0822/05 GOVERNMENT NATIONAL MID ASSN MIN 3.5200 51.626,67 SERES 2004-5 CLASS PS DUE 02/20/2033 3.520 INT R/D 07-05 PAD 08-20-05 REPO P &I 3.5200 0822/05 GOVERNMENT NATIONAL MTE1 ASSN 3.5200 77.440.00 SERES 2004-5 CLASS PS DUE 02/2012033 3.520 INT R/D 07-05 PAD 08-20-05 REPO P & I 3.5200 08/22/05 GOVERNMENT NATIONAL MIG ASSN INS 3.7700 75.876.80 SERES 2004-30 CLASS SU DUE 02/2012032 3,770 INT R/D 07-05 PM 08-20-05 REPO P & I 3.7700 027 090183533:29 001 v895 EFTA00196031 CLEARED THROUGH ITS WHOLLY OWX*0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 19 Transaction Detail (continued) INTER EST (continued) FINANCIAL TRUST CO INC STATEMENT PERK* Jug 30.2005 THROUGH August 31.2005 ACCOUNT NUMBER TAXPAYER AMMER Ofl File LAST STATEMENT Jul/ 29. 2005 DATE DESORPTION SYMEIMICUSIP QUANTITY RATE ITN DEW AMOUNT MEM AMOUNT 08022t5 GOVERNMENT SAMNA/ MTO ASSN 3,7700 45.978.44 SERIES 2004-035 CLASS SP DUE 12/20/2029 3.770 INTEREST PAYMENT 08-20.05 08/22/05 GOVERNMENT NATIONAL MTO ASSOC MEI 46.046.44 SERES 2004-041 CLASS SE DUE 05/20/2030 0.000 INTEREST PAYMENT 08-20.05 08125/05 FANNIE MAE CMO/SERIES 2003.13 4,3580 91 514,47 S RCA-I/0 RTR DUE 03/254033 4.358 INT RID 07-05 PAD 08-25-05 REPO P S I 4.5400 08,25/05 FEDERAL NATIONAL MTO ASSN 3,3580 35.952,40 SERES 2003-49 CLASS SW DUE 01/25/2033 3.358 INTEREST PAYMENT 08-25.05 08125:05 FANNIE MAE CMO/SERIES 2003.52 3.4580 22.557.38 KS-W3 RTR DUE 07/25/2017 3.458 INT RID 07-05 PAD 08-25-05 REPO P 8I 3.6400 0812905 FANNIE MAE CMO/SERIES 2003.52 3.4580 28.709,39 KS-I/O RTR DUE 07/252017 3.458 INT RID 07-05 PA 08-25-05 REPO P 8I 3.6400 0802905 FEDERAL NATIONAL MTO ASSN 5.0000 37.648,21 SERES 353 CLASS 2 DUE 07/01/2034 5.000 INT RID 07-05 PM 08-25-05 REPO P 8I 5.0000 027 OSOITTS:l3:09 001 VII9S EFTA00196032 CLEARED THROUGH ITS WHOLLY OWNED $UB9OIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 20 s! s!. Transaction Detail (continued) INTEREST (continued) DATE DESCRIPTION 08/25/05 ALTERNATIVE LOPN TRUST SERES 2004-3008 CLASS 1-A-8 DUE 02/25/2035 1.640 INTEREST PAYMENT 08-25.05 TOTAL $794.752.74 CREDIT AMOUNT REPURCHASE AND REVERSE REPURCHASETRANSACTIONS with Bear,Stearns& Co. Inc. SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPTION SYMBOL.CUSJP 0.:NYHTY MIT AMOUNT 0801105 JOURNAL FEDERAL NATIONAL MTO ASSN -8.299.585 5.923.000.00 SERIES 352 CLASS 1 0.001 DUE 07/01/34 FITM F2133186 Al REPO AGREEMENT 08101105 JOURNAL FEDERAL NATIONAL MM ASSN 8.299,585 6,373.000 00 SERIES 352 CLASS 1 ?int FITM osigne sz TERM RatraaMENT 08101+05 JOURNAL FEDERAL NATIONAL KIM ASSN IMMO 9.035,569 1.737.000.00 SERIES 353 CLASS 2 5.000 FITI14 31.2 TERM ENT 08101+05 JOURNAL FEDERAL NATIONAL MTG ASSN -9.035.569 L850.000,00 SERIES 353 CLASS 2 5.000 DUE 07/01+34 FITM F2133186 81 REPO AGREEMENT 0841+05 JOURNAL FEDL HOME LOAN MTG CalP4S10109 8.973,456 SERIES 227 CLASS 0 SYMBOUtuSTP OVAATIIIY RATE 1%4 1.6400 DEBIT AMOUNT FINANCIAL TRUST CO INC STATEMENT PERK* Jul/ 30.2005 THROUGH August 31.2005 ACCCUNT NUMBER TAXPAYER NASSER Ofl File LAST STATEMENT Jul/ 29.2005 CREDIT AMOUNT 49.677.40 5.000 FITI14 310 34A2 TERM DENT 027 M01.05:13:28 001 '.1193 EFTA00196033 CLEARED THROUGH ITS WHOLLY OWNED $00901ARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 21 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACDON DESCRPRON 08.101105 JOURNAL FEDL HOME LOAN MTG CORPaS10109 SERIES 227 CLASS 10 FSITAI MMAlairAl REPO 0801105 DELIVERED UNITED STATES TREASURY NOTE DUE 05/192015 4.125 4.1253101i5 FITM A2 TERM EMENT 08101105 RECEIVED TINTED STATES TREASURY NOTE DUE 07131/2007 3.875 3.875 1117 FILM AI RESALE T 08101/05 INTEREST FEDERAL NATIONAL MTO ASSN SERIES 352 CLASS 1 DUE 07310 0.001 FITM BZ REPO I 08101/05 INTEREST FEDERAL NATIONAL MTO ASSN SERIES 353 CLASS 2 DUE 0710 5.000 FITM A2 REPO I 0801105 INTEREST UNITED STATES TREASURY NOTE DUE 05/1. 1.125 ea/ yes JOURNAL UNITED A E FITM A 4.125 A l , 15 REPO AGREEMENT SYME/CIALOSIP FINANCAL TRUST CO INC STATEMENT PERIOD Jul/ 30.2005 THROUGH August 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER OR Fee LAST STATEMENT Jilt 29. 2005 QUANTITY OMIT AMOUNT CREDIT AMOUNT -8.973,456 500.000.00 -10.000.000 10.025.000 .00 73.000.000 73.000.000.00 20.053,71 5.465,76 6.970.16 -5.000.000 4.931,250 .00 027 000105:13:29 001 V893 EFTA00196034 CLEARED THRouGH ITS wilCu.Y OwNEO SUBODIARy BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 22 a v. Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEMEMENT TRADE DATE DATE TRANSACTION DESCRPRON 08112105 JOURNAL FEDERAL NATIONAL WM ASSN SERIES 329 CLASS PO DUE 01101/33 STRIP TE RRA RM Ant / NT 08/I2+05 JOURNAL FEDERAL NATIONAL KIM ASSN SERIES 329 CLASS PO DUE 01/01/33 STRIP TERM RW RMINM AZENT 08/I 245 JOURNAL FEDERAL NATIONAL MICI ASSN SERIES 329 CLASS PO DUE 01101/33 STRIP ATM Milli DI REPO A SYMEICIJCUSIP CVANTRY DEBIT AMOUNT 4.677.451 3,562,000.00 FINANCIAL TRUST CO INC STATEMENT PERK* Jul/ 30.2005 THROUGH August 31.2005 AccouNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT Jul/ 29.2005 CREDIT AMOUNT 14.032.355 10.686.000 po -18.709.806 13.401.000.00 08/I2105 JOURNAL FEDERAL NATIONAL MM ASSN SERIES 346 CLASS 1 DUE 11 FITM CZ TERM MENT 08/I2105 JOURNAL FEDERAL NATIONAL WO ASSN SERIES 346 CLASS 1 DUE 11 FMB AZ TERM MENT 6.637,070 5.060.000 .00 13,274.141 10.120.000.00 08/12105 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE 11 ATM CI REPO A 08/12105 JOURNAL FEDL WItIE LOAN tin CORPoSt0i09 SERIES 227 CLASS 10 5.000 ' FITM AZ TERM MENT -19.911.211 14.274.000 .00 18.648.443 3,788.000.00 027 09,01.05:13:29 001 EFTA00196035 CLEARED THROUGH ITS WHOLLY 01VNE0 SUBODIARv BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 23 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPRON 08/12/05 JOURNAL FEDL NOME LOAN MTG CORP9S10109 SERIES 227 CLASS 10 FSITTA MMAlarB1 REPO 08/12105 JOURNAL FREOOIE MAC CMO,SERIES 2886 SC-/0 FUR 3.911 1#1 4.19 FITM Al REPO A 08112+05 JOURNAL FREOOIE MAC CMOSERIES 2886 SC-/0 FUR 3.9113.119 FITM AZ TERM MENT 08112+05 JOURNAL FEDL HOME LOAN MTG OCAPt/S Ot 10 SERIES 228 CLASS 10 6.00031.35 FITM BZ TERM AAENT 08112+05 JOURNAL FEDL HOME LOAN MTG CORPOS10110 SERIES 228 CLASS 10 6.000 joss RIM Al REPO A 2+05 RECEIVED UNTIED STATES TREASURY NOTE DUE 07+31/2007 3.875 3.875 DOW FITM Al RESALE 08112+05 DEUVERED UNITED STATES TREASURY NOTE DUE 07/31,2037 3.875 3.13751. 7 FITM A2 TERM t WENT FINANCIAL TRUST CO INC STATEMENT PER100 Jug 30.2005 THROUGH August 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT Jug 29.2005 Symectocuse OUANTITY DEBIT AMOUNT CREDIT AMOUNT -18.648.443 3.938.000.00 -3.471.600 182,000.00 3.471,600 197,000.00 16,861.393 2,818.000.00 .16 861.393 3.124.000.00 58.000.000 58.000.000.00 -73.000.000 73.000.000.00 027 OSOIXIS:13:Ze 001 •.'893 EFTA00196036 CLEARED THROUGH ITS WHOU.Y OWNED SUEISTDIAAy BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 24 c? » Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEM.EmENT TFLTDE DATE DATE TRANSACTION DESCRITTON SYMEICIAUSIP MUNDY DEBIT AMOUNT CREDIT AMOUNT 08112/05 INTEREST FEDERAL NATIONAL KIM ASSN 10,980.85 SERIES 329 CLASS PO STRIP DUE 01 i 0.000 MITA AZ REPO I 08/12105 INTEREST FEDERAL NATIONAL MID ASSN 32,942,56 SERIES 329 CLASS PO STRIP DUE Ojai. 0.000 FITM AZ REPO I 08/12105 INTEREST FEDERAL NATIONAL MM ASSN 15,598,86 SERIES 346 CLASS 1 DUE 11 0.000 FITM CZ REPO I 08/I 2105 INTEREST FEDERAL NATIONAL MITI ASSN BIM 31.197,71 SERIES 346 CLASS 1 DUE 11 0.000 RIM AZ REPO I 08/12105 INTEREST FEDL !CAE LOAN MTG CCAP#S10109 11,677,56 SERIES 227 CLASS 10 DUE 1 5,000 FITM A2 REPO I 08.1 2/05 INTEREST FREDDIE MAC CMCASERIES 2886 VIM 607.31 SC-I/0 FLTR DUE 07/10 3.911 FITM AZ REPO I 08112)05 INTEREST FEDL HOME LOAN MTG CORPoS10t 10 Inn 8.687.27 SERIES 228 CLASS 10 FINANCIAL TRUST CO INC STATEMENT PERK* Jul/ 30.2005 THROUGH August 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT Jul/ 29.2005 DUE 02) 6.000 RIM BZ REPO 027 090105:13:28 001 '.1193 EFTA00196037 CLEARED THROUGH ITS yniCu.Y MINED SUBSTCHAFTy BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 25 i » Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRNISACOON DESCRPTICH SYMOCIAUSIP OVANDO, OMIT AMOUNT CREDIT AMOUNT 08112/05 INTEREST UWE° STATES TREASURY NOTE 66,713.89 DUE 07i2J_2061.7_ _1875 aim RIP 0815105 JOURNAL FANNIE MAE CMOSERIES 2003.52 MIS 7.436.499 KS-ItO FOR 3.640R1117 FIRM A2 TERM GENT 0815105 JOURNAL FANNIE El.* CMOGERIES 2003.52 SIM -7A36.499 384,000.00 KS-I/0 FUR 3.6401117 FIRM Al REPO 0815105 JOURNAL FANNIE RAE CAANSERIES 2003.52 -9.464.635 458,000.00 KS-I/0 FUR 3.64011117 FITM At REPO 08/1 5105 JOURNAL FANNIE El.* CMOISERIES 2003.52 9.464.635 509.000.00 KS-I/0 FUR 3.6403".17 FITM AZ TERM MENT owl sros JOURNAL GOVERNMENT NATIONAL MTG ASSN -26.400,000 2.333.000.00 SERIES 2004-5 CLASS PS 3.520 FIRM AI REPO A 0815105 JOURNAL GOVERNMENT NATIONAL MTO ASSN 26.400,000 2.440.000.00 SERIES 2004-5 CLASS PS FINANCIAL TRUST CO INC STATEMENT PERM Jul/ 30.2005 THROUGH August 31.2005 AccouNT NUMBER TAXPAYER ALTMSER On File LAST STATEMENT Jul/ 29.2005 3.520 FITM 311.2 TERM ENT 027 000145:13:29 001 11895 EFTA00196038 CLEARED THROUGH ITS YAIOALY OUS*0 SUBSIDIARY BEAR STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. =Pm 26 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION SYMOCtiCtISIP CAINTur DEBIT AMOUNT CREDIT AMOUNT 08/I 5105 DELIVERED UNITED STATES TREASURY NOTE -58.000.000 58.000.000 .00 DUE 07/31/2007 3.875 3.875 7 FITM A2 TERM e ENT 08/I 5105 RECEIVED UNITED STATES TREASURY NOTE VIM 68,000.000 68.085.000.00 DUE 07/31/2007 3.875 3.875 Dilit7 FITM RESALE Al T 08/I5/05 INTEREST FANNIE MAE CMOSERIES 2003.52 1.633.32 KS-I/0 FLTR DUE 07:10. 3.640 FITM Q REPO I 08/15105 INTEREST GOVERNMENT NATIONAL MTO ASSN 8.007.27 SERIES 2004-5 CLASS PS DUE Oa. 3.520 FITM AZ REPO I 08/15105 INTEREST UNITED STATES TREASURY NOTE MIN 11 116.67 DUE 07/11 1.875 081I8'05 JOURNAL FREOOIE MAC CMOSERIES 2886 4.856.023 SC-D0 FUR 3.72831ill 9 FITM A2 TERM MENT 08/16/05 JOURNAL FREOOIE MAC CMOGERIES 2886 .4.856.023 258.000.00 SC-00 FLTR 3,728 19 FITM AI REPO 08/16/05 JOURNAL WINED TATE TREASURY NOTE 5.000.000 4.931.250 .00 FITM A2 FINANCIAL TRUST CO INC STATEMENT PERM Jul/ 30.2005 THROUGH August 31.2005 ACCOUNT NUMBER TAXPAYER AMMER On File LAST STATEMENT Jul/ 29.2005 4.125 15 TERM REPO AGREEMENT 027 OtiOlitIS:13:29 001 11895 EFTA00196039 CLEARED THROUGH ITS ?RIMY CAM,*0 SUBSIDIARY BEAR STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. =Pm 27 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TIVINSACTION DESERTION SYMOCCCUSIP MAMMY DEBIT AMOUNT CREDIT AMOUNT 08/16105 RECEIVED UNITED STATES TREASURY NOTE 5.000.000 5.000.000,00 DUE 08t15,2015 4.250 4,250 DOC F1TM Al RESALE 081 6105 INTEREST UNITED STATES TREASURY NOTE 510,93 DUE 4.125 FILM A2 REPO I 08/17105 DELIVERED UNITED STATES TREASURY NOTE -5.000.000 5.000.000.00 DUE OS/19201S 4.250 5 4.2SORMI EI F1TM A2 TERM EMENT 08117105 JOURNAL UNITED TATES TREASURY NOTE -5.000,000 5.000.000.00 FILM Al 4.250 15 REPO AGREEMENT 08117105 DELIVERED UNITED STATES TREASURY NOTE -68.000.000 88.085.000.00 DUE 07+31/2007 3.875 3.875 7 FILM A2 TERM ENT 08117105 RECEIVED UNITED STATES TREASURY NOTE 78.000.000 78.195.000,00 DUE 07+31+2007 3,875 ROA Al 3,875 la? RESALE T 08117105 INTEREST UNITED STATES TREASURY NOTE 452.78 DUE 03+0110 1250 02.+17+05 INTEREST UNITED STATES TREASURY NOTE 10,477,53 DUE 07+VS 1.875 FINANCIAL TRUST CO INC STATEMENT PERK* Jul/ 30.2005 THROUGH August 31.2005 ACCOUNT NUMBER TAXPAYER KAISER On File LAST STATEMENT JuN 29.2005 027 0901.05:13:211 001 V89S EFTA00196040 CLEARED THROUGH ITS WIICU.Y OWNED SUEIRDMAY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 28 I )) Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEM.EmENT TRADE DATE DATE TRANSACTION DESCRPTICH 08/18.05 JOURNAL GOVERNMENT NATIONAL MTO ASSN SERIES 2004.30 CLASS SU 3.770RIli r FITM C2 TERM MENT 08.18(05 JOURNAL GOVERNMENT NATIONAL MM ASSN SERIES 2004.30 CLASS SU 3.770M2 FITM Al REPO MI 695 JOURNAL FEDERAL NATIONAL MTO ASSN SERIES 352 CLASS 1 0.001 FITM AI REPO P. 08/18/05 JOURNAL FEDERAL NATIONAL MFG ASSN SERIES 352 CLASS 1 0.0013.4 FITM A2 1 TERM MENT 08/18/05 INTEREST FEDERAL NATIONAL KM ASSN SERIES 352 CLASS 1 DUE 073.0 0.001 FITM A2 REPO I 08022)05 JOURNAL UNITED TATES TREASURY NOTE FITM A2 4.250 15 TERM REPO AGREEMENT 084245 JOURNAL UNITED T SURY NOTE FITM Al 4.250 15 REPO AGREEMENT 0842/05 RECEIVED UNITED STATES TREASURY NOTE DUE 07t3 I 2007 3.875 3.875 00.7 FITM Al RESALE T FINANCIAL TRUST CO INC STATEMENT PER100 Jul/ 30.2005 THROUGH August 31.2005 ACCOUNT NUMBER TAXPAYER WIESER On File LAST STATEMENT Jul/ 29.2005 SYMEOCIAUSIP QUANTITY CEBU AMOUNT CREDIT AMOUNT 24,151,766 -24.151,766 1.216.000.00 -18,534,514 13.289.000.00 ISM 18,534.514 13.954.000.00 3136FD(C9 43.617,88 5.000.000 5.000.000.00 -15.000.000 15.037.500 .00 68.000.000 68.170.000.00 027 ORDIXIS:IS:al 001 va9S EFTA00196041 CLEARED THROUGH ITS WHOLLY OMY*0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. =Pm 29 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE DINCADRON DESCRPDON STIABOLcoste CVANTIlY 01931T AMOUNT CREDIT AMOUNT 08/22/05 DELIVERED UNITED STATES TREASURY NOTE -78.000.000 78.195.000 .00 DUE 07/31/2007 3.875 3.87530. 7 FITM A2 TERM t EMENT 08/22/05 INTEREST LINTS) STATES TREASURY NOTE NMI 2.348.61 DUE O8! 4,250 FITM A2 REPO I 08/22/05 INTEREST UNITED STATES TREASURY NOTE NEI 31.864.46 DUE Ole 1.875 08/26105 JOURNAL GOVERNMENT NATIONAL MTO ASSN -26.400.000 SERIES 2004-5 CLASS PS 3.340 FITM G REPO A 08/26105 JOURNAL GOVERNMENT STATIONAL MTO ASSN 26.400.000 2.333.000 .00 SERIES 2004.5 CLASS PS 3.340 FITM A2 TERM MENT 08/26105 DELIVERED UNITED STATES TREASURY NOTE -68.000.000 68.170.000 .00 DUE 07+31/2007 3.875 3,875 7 FITM A2 TERM ENT 08/26105 INTEREST GOVERNMENT NATIONAL MTO ASSN 2.694.61 SERIES 2004.5 CLASS PS DUE 02.11 3.340 FITM A2 REPOT 08/26+05 INTEREST UNITED STATES TREASURY NOTE 22.647.59 DUE 07/312=7_ _S.875 FINANCIAL TRUST CO INC STATEMENT PERK* Jug 30.2005 THROUGH August 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT 2UP/ 29.2005 027 090105:13:28 001 EFTA00196042 CLEARED THROUGH ITS WHOLLY OtVNE0 SUEIRDIARy BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 30 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRACE DATE DATE TRANSACTION DESCRPRON 08,29105 JOURNAL FEDL NOME LOAN MTG CORPaS10109 SERIES 227 CLASS 10 5,000 FITM AWE TERM MEAT 0849(05 JOURNAL FREOOIE MAC CMO,SERIES 2886 SC4/0 FUR 3,728 1#1 4.19 FITM Al REPO A 0802945 JOURNAL FREOOIE MAC CMOSERIES 2886 SC4/0 FLTR 3,72831019 FITM A2 TERM AAENT 08029/05 JOURNAL FREOOIE MAC CMO,SERIES 2886 SC4/0 FLTR 3,728 19 FITM A2 TERM ENT 08029/05 INTEREST FEDL HOME LOAN MTG CORPOS 10109 SERIES 227 CLASS 10 DUE Ills 5.000 FITM AZ REPO I 08029435 INTEREST FREOOIE MAC CMOSERIES 2886 SC4/0 FUR DUE 07:1 3228 ATM A2 REPO I 1101 08029/05 INTEREST FREDDIE MAC CMOSERIES 2886 SC4/0 FLTR DUE 07.6 3.728 ATM A2 REPO I FINANCIAL TRUST CO INC STATEMENT PER100 Jug 30.2005 THROUGH August 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On Ale LAST STATEMENT AS/ 29.2005 SYMECIAUSIP PAUCITY OMIT AMOUNT CREDIT AMOUNT 466,211 96.000,00 43249,152 3.393.128 182.030.03 Min 4.856,023 258.000.00 NMI 307.52 324.01 353.10 027 0901 XIS:13:311 001 "895 EFTA00196043 CLEARED THROUGH ITS WNW?? OWNED $U89DIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 31 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLETAENT DATE 08,31105 TRADE DATE TRANSACTION DESCRPTICAT JOURNAL UNITED STATES TREASURY NOTE ATM pm A2 4.250 15 TERM REPO AGREEMENT 08,31105 JOURNAL ATM 4.250 REPO AGREEMENT UNITED STATES TREASURY NOTE Al WANTITT 15.000.000 Men AMMO 15,037,500.00 FINANCIAL TRUST CO INC STATEMENT PERK* Jul/ 30.2005 THROUGH August 31.2005 ACCOUNT NUMBER TAXPAYER whiSER On File LAST STATEMENT Jul/ 29.2005 CREDIT AMOUNT -20.000.000 20.225.000 .00 08,31105 RECEIVED UNITED STATES TREASURY NOTE DUE 08/31/2007 4.000 4D00 Al FITM A RESALE T 68,000.000 68.255.000 .00 0841105 INTEREST UNITED STATES TREASURY NOTE DUE 08311. 4.250 FRM A2 REPO I 11,925,57 TOTAL $407.995.684.41 $466.948.993.08 MISCELLANEOUS DATE I.030AT TRANSACTION 08101105 JOURNAL DESCRIPTION FR CMDY NC DOW AMOUNT CREDIT NADUNI 134,475.00 08102)05 JOURNAL FR CMDY NC 45,575.00 08103/05 JOURNAL FR CMDY NC 29.425 p0 08105.05 JOURNAL FR CMDY NC 0810845 JOURNAL FR CMDY NC 8.673.61 128.764,50 08.0945 JOURNAL FR CMDY NC 83.571,00 027 OltlitIS:13:29 001 $895 EFTA00196044 CLEARED IHR00GH ITS WHOM.? OBBSO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 32 Transaction Detail (continued) MISCELLANEOUS (continued) DATE MCDDAY TRANSLCTEXI 0811 1105 JOURNAL DESCRIPTION FMIA3OYR(FMN)GTO SETT,08/04 5,500 DUE 08101/34 MBS NET 08/11/05 DEBIT AMOUNT CREDIT AMMO 341,250,00 08/1 1/05 JOURNAL FNMA 30YR OTD SETT, 08/05 5,000 DUE 08101/35 MBS NET 08/11/05 24,609,37 08/12105 JOURNAL TO CMDY NC 183878,50 owists JOURNAL FR CMDY A/C 163.615,50 0211645 JOURNAL TO CMDY NC 0824/05 JOURNAL 28.494,50 TO CMDY NC MEM 130.387,50 0,82905 JOURNAL JULY 05 CLR FEES PART u 2.450.00 0212905 JOURNAL FR CMDY NC 7,25080 082945 JOURNAL FR CMDY NC 94.837,50 08/30/05 JOURNAL TOTAL FR CMDY NC 118947,50 8345,310.50 41,174,993,96 itkl Co FINANCIAL TRUST CO INC STATEMENT PERK* Jul/ 30.2005 THROUGH August 31.2005 ACCOUNT NUMBER TAXPAYER AANMER OII Ale LAST STATEMENT Jul/ 29.2005 021 09,01A3S:13:29 001 11896 EFTA00196045 CLEARED THROUGH ITS INTICtLY OWNED $ORSIOIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 33 c? Trades Executed Pending Settlement SETTLEMENT DATE TRADE DATE TRANSACTION DESCRPTION 09/01105 08/31105 BOUGHT UNITED STATES TREASURY N3TE 04.000% FA 28 RUT' GVER REF # Al OSVICOS 08111105 BOUGHT FNMA-30YFONMA)GID SETT,09/05 lailli#006.000% 57230000 BS 09(l COS 08/17105 BOUGHT FNMA-30YR(FNMA)G1D sErLogros 0. 10005.000% 67170000 BS 0904/05 08/ I W05 BOUGHT FNMA-30YR(FNMA)GID sErLogros 57060000 BS 09/14105 08/31105 BOUGHT FNMA-30YR(FNMA)GID SETT 09/05 05,000% 57020000 BS 09/14105 08/03+05 SOLD FNMA-30YFONMAAID SETT 09/05 05,000% 57150000 BS 09/14105 08/11105 SOLD FNMA-30YR(FNMA)01D SETT 0905 F 05.000% 57170000 BS FINANCIAL TRUST CO INC STATEMENT PERIOD Jul/ 30.2005 THROUGH August 31.2005 ACCOUNT! NUMBER TAXPAYER KUMMER Ofl File LAST STATEMENT Juy 29, 2005 STIVEICXXLISS' MAMMY PRICE DEBIT AMOUNT CREC0 AMOUNT 18,000,000.00 100.1171 18,023,082.70 50.000.000 p0 98.1718 49.085.937.50 50.000.000.00 98.3828 49.191.406.25 50.000.000.00 98.4921 49.246.093.75 10.000.000.00 99.0937 9.909.375.00 -10.000.000,00 98.2031 9.820.312.50 -50.000.000 .00 98.1562 49.078.125 .00 027 M01.05:13:28 001 EFTA00196046 CLEARED THROUGH ITS yniCu.Y °NIXED SUEINDMAy BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 34 c! Trades Executed Pending Settlement (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 09/14105 08/17105 SOLD 0914105 08/19/05 SOLD 0914105 08/03/15 SOLD 0914105 08/03105 SOLD 09/14105 08/15/05 BOUGHT 0914105 08/23/05 BOUGHT 0914105 08/16105 SOLD DESCRIPTION FNMA-30YR(FNMA)G1D SETT.09/05 05,00096 57260000 FNMA-30YR(FNMA)610 SETT.09/05 101011106.000% 57090000 FNMA-30YR(FNMA)610 SETT.09/105 /1101.05.500% 97170000 FNMA 30TRtFNMA)310 SETT,OS 05 lippici5.500% 57190000 FNMA-3cnitFNMAAID SETT 09;05 06.000% 57120000 FNMA-30YR(FNMA)G1D SETT 09/05 06.000% 57020000 FNMA-30YR(FNMA)010 SETT 0905 . 06.000% 57090000 BS FINANCIAL TRUST CO INC STATEMENT PERM Jul/ 30.2005 THROUGH August 31.2005 AccouNT NUMBER TAXPAYER WEISER On File LAST STATEMENT Jut/ 29. 2005 S0.180..CuSP PR CE DEOIT AMOUNT Crag MOUNT BS -50.000.000 .00 -50.000.000 ,00 98.3007 98.5507 49.150.390 .63 49.275.390 ,63 BS -1.000.000,00 100.2851 1.002.851.56 BS -99.000.000.00 100.2696 99.262.968 .75 BS 50.000.000.00 101.9609 50.980.468.75 BS 50.000.000.00 102.0468 51.023.437.50 BS -50.000.000 .00 102.0859 51.042,968 .75 027 09,01.05:13:28 001 EFTA00196047 CLEARED THROUGH ITS valCu.Nr °mai SUBSCIAAv BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 35 c? Trades Executed Pending Settlement (continued) SETTLEMENT TRADE DATE DATE TRANSACTION 09/14105 08/23105 SOLD TOTAL FINANCIAL TRUST CO INC STATEMENT PERK* JuN 30.2005 THROUGH August 31.2005 ACCOUNT NUMBER TAXPAYER KAISER On File LAST STATEMENT JUP/ 29.2005 DESCRIPTION SIIMOOLCuS.P OUANTITY PR CE DEOIT AMOUNT FNMA-30YR(FNMA)G10 SETT.09/05 lai.06,000% 57140000 BS -50,000.000.00 102,0937 CREPT AlKuNT 51.046.875.00 1277.459.801.45 $35967968232 Tho above woos m 1101applarinary oil*/ sactI olihd stalornont End of Statement 027 09,01'05:13:28 001 Y895 EFTA00196048 GUARD) THROUGH ITS yo•oxsy (Hoof.° SUBSIDIARY BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE vomv.bearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 7 Trades Not Yet Settled 31 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD LONG ACCRUED INTEREST NET CREDIT BALANCE 3,204,048 25,795 11,712 llllllllllllllllll I ll FINANCIAL TRUST CO INC 0/0 JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Market Value of Your Portfolio cash & Equivain $359,985 NET EQUITY TIPS PERIOD $3,241,555 NET EQUITY LAST STATEMENT CHANGE SINCE LAST STATEMENT 3,835,574 -594,020 There are no 'Stop loss' orders or other pending buy or sell open orders on tile for your account. Rxecl Income 204.048 $3.442.68 Current market Sue NE Last statements market value Bear SZOS'n5 Secyyt FINANCIAL TRUST CO INC STATEMENT PEF000 Jul/ 1.2005 THROUGH Jul/ 29.2005 ACCOUNT NUMBER TAXPAYER NUMEIER On Fee LAST STATEMENT June 30.2005 SIK TOT Pang R for offroloholsol pflosts Gay Rasta sltrilled as domenoN ststernorg should be Maned TN your words S.. rooms Ws fee npolart ricernHco 027 07/300500:09 00l EFTA00196049 CLEARED 'THROUGH RS WHOLLY OBAED SUBSIDIARY FINANCIAL TRUST CO INC 2 U132 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 07,3005:10:09 001 V895 EFTA00196050 CLEARED THROUGH ITS WHOLLY OWNED SLIEINDMAY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 3 c/ ;t2 Cash Flow Analysis THIS PEFICO Income Summary PEFICO YEAS TO DATE Opening Balance $359,965.49 U.S. Govt. Bond Int. 554.34 a02 4.236.006.89 Govt. Agency Int. 497.289.51 4.609.911.42 Secudties Sold 854,425,255.21 Corp. Bond Int. 175.881.40 968,584.32 Dividends Interest 1,211,189.06 Credit Balance Int. 77900 4,324.51 Miscellaneous 1,113,665.86 Reverse Repurchase Int. 0.00 1.163.243.87 Amount Credited $856,750,110.13 Total $1 228 292.93 $10 982 071.01 Secudties Bought -855,443,996.18 Bond Purchase Int. -491.945.30 -5,640.653.48 Funds Withdrawn -71.745.00 Repurchase Int. Exp. 000 -1.098.448.85 Dividends/Interest Charged 491.945.30 Miscellaneous -1,090.677.37 Portfolio Composition Amount Debited $857.098,363.85 CashtCash Equivalent 11,712 Net Cash Activity -348.253.72 Fixed Income 3.204,048 Closing Balance $11,711.77 Total $3215,760 Cash Balance Summary OPEtin0 CUZGINO Margin 359.965.49 11,711.77 Net Cash Balance $359,965.49 $11,711.77 027 07,3000S:10:09 001 FINANCIAL TRUST CO INC STATEMENT PERK* Jul/ 1.2005 THROUGH July 29.2005 ACCOUNT NUMBER TAXPAYER Ausa3ER OII File LAST STATEMENT June 30.2005 Your Portfolio Allocation Cash & Equivalenti 1% Fixed Income 99% UmPocied crown Pena* 0ell eebnoo onto PNI male vela, The elaNsaa INNemar Ia de•ued Iran Vo etnalxe mole rat), oi >vv palkno 1895 EFTA00196051 CLEARED THROUGH ITS mow? OwNED $UB9OIAAY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 4 c/ ;t2 Your Portfolio Holdings CASH & CASH EQUIVALENTS oTsCRP-iou CASH BALANCE TOTAL CASH & CASH EQUIVALENTS $11.712 S•meCLOStP fAAPKET ESTIMATED Cul:PENT OuANTITy PACE vALuE NWJAL Inte )E1.0 11.712 FIXED INCOME Government & Agency Obligations DESCRIPTION ACC' SYFECLOJSP TYPE OLuunly PRICE IAARKET VALLE ACCRUED MEREST ESTMATEO *NAVAL MOM CONTENT YIELD DM GOVERNMENT NATIONAL MTG ASSN MRGN 14,635.047 5.8146 850.969 13,794 551,741 64.8368 SERIES 2004-035 CLASS SP DATED DATE 05121/04 BOOK ENTRY ONLY DUE 12/20/2029 3.770% FACTOR — .89865757 GOVERNMENT NATIONAL MTG ASSOC MRGN 14,656.693 6.0902 892.616 SERIES 2004-041 CLASS SE DATED DATE 06123104 BOOK ENTRY ONLY DUE 05120/2030 FACTOR — .91247898 FEDERAL NATIONAL MTG ASSN MRGN 12,187,256 7.4140 903.557 4.793 431.429 47.7478 SERIES 2003.49 CLASS SW DATED DATE 04/30/03 BOOK ENTRY ONLY DUE 01/25/2033 3.540% FACTOR — .50139372 Total Government& Agency Obligations $2,647.142 $18,587 $983.170 FINANCIAL TRUST CO INC STATEMENT PERM Jul/ 1.2005 THROUGH Jul, 29.2005 AccouNT NUMBER TAXPAYER AMBER Cfl File LAST sTATELIENT June 30.2005 027 07.301Z:10:09 001 VS95 EFTA00196052 CLEARED THROUGH ITS WHOM.Y 01VIVE0 SUBSTEHART BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 5 c, ;t2 Your Portfolio Holdings (continued) Corporate Bonds DESCITIPTION SHABOLOASP ACCT TYPE OLIANTITY PRICE MARKET VALUE ACCR-TO MEREST ESTATE'S) ANNUAL INCOME CURRENIT yet/ IV ALTERNATIVE LOAN TRUST SERIES 2004-3008 CLASS I -A-8 DATED DATE 12/27/04 BOOK ENTRY ONLY DUE 02/25/2035 1.785% FACTOR — .90874168 RATING: MOODY AM S&P AM Total CorporateBonds MRGN 36.349,667 1.5321 556.906 $556.906 7.208 57.208 648,842 5648.842 116.5084 TOTAL FIXED INCOME $3.204.048 525.795 $1.632.012 YOUR PORTFOLIOHOLDINGSACCRUED INTEREST $25.795 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $1.632.012 YOUR PRICED PORTFOLIOHOLDINGS 53.215.760 FINANCIAL TRUST CO INC STATEMENT PERIOD Auk, I . 2005 THROUGH Jul, 29. 2005 ACCCUNT NUMBER TAXPAYER /AMBER On File LAST STATEMENT June 30.2005 Repurchase and Reverse Repurchase Transactions with Bear,Stearns& Co. Inc.outstanding as of date of statement PUROTASE/ START DATE REPURCHASE DATE PR CO/5 PA'S PURCHASE PRICE/ PRIPICIAAL ACCRUED REPO MEREST' COWEN (FACE AMOUNT) CUSP DESCRIPTOR YOU SOW GOVERNMENT NATIONAL MTG ASSOC (REPO) 06/27/05 OPEN 0.010 -1 -27,112,874 SERIES 2004-30 CLASS 3.7700 02/20/32 YOU SOLD FEDERAL HOME LOAN MTG CORP (REPO) 06/27/05 OPEN 0.010 -1 -5,724,538 SERIES 2886 CLASS SC 3.9118 07/15/19 YOU SOW FANNIE MAE STRIPS (REPO) 06/30/05 08/01/05 3.540 -6.373.000 -20.053 -10,000,000 SERIES 352 CLASS PO 07/01/34 021 0740131:10:09 001 11195 EFTA00196053 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 6 c, ;t2 Repurchase and Reverse Repurchase Transactions (continued) with Bear,Stearns& Co.inc.outstanding as of date of statement (continued) PLACKASS REPURCHASE PRICING PURCHASE PRICE; ACCRUED REPO OUPARITY START DATE DATE RAM PAINCPAL MEREST' (FACE AMOUNT) CUSP DESCRIPTION FINANCIAL TRUST CO INC STATEMENT PERK* Jul/ 1.2005 THROUGH Jul, 29.2005 ACCOUNT NUMBER TAXPAYER RAMER On File LAST STATEMENT June 30.2005 YOU SOLD FANNIE MAE STRIP (REPO) 06/30/05 08/01/05 3.540 -1,737,000 -5.465 -10,000,000 SERIES 353 CLASS 10 5.0000 07/01/34 YOU SOLD FANNIEMAE STRIP (REPO) 07/12/05 08/12/05 3.580 -10.686,000 -21,253 -30.000,000 SERIES 329 CLASS PO 12/01/32 YOU SOLD FANNIEMAE STRIP (REPO) 07/12/05 08/12/05 3.580 -10.120.000 -20,127 -20.000.000 SERIES 346 CLASS PO 11/01/33 YOU SOLD FANNIEMAE STRIP (REPO) 07/12/05 08/12/05 3.580 -3.562.000 -7.084 -10.000.000 SERIES 329 CLASS PO 12/01/32 YOU SOLD FEDERAL HOME LOAN MTG CORP (REPO) 07/12/05 08/12/05 3.580 -197.000 -391 -4.000.000 SERIES 2886 CLASS SC 3.9118 07/15/19 YOU SOLD FANNIEMAE STRIP (REPO) 07/12/05 08/12/05 3.580 -5.060.000 -10.063 -10.000.000 SERIES 346 CLASS PO 11/131/33 YOU SOLD FEDERAL HOME LOAN STRIP (REPO) 07/12/05 08/12/05 3.580 -3.788.000 -7.533 -20.000.000 SERIES 227 CLASS 10 5.0000 12/01/34 YOU SOW FREDDIEMAC STRIP (REPO) 07/12/05 08/12/05 3.580 -2.818.000 -5.604 -20.000,000 SERIES 228 CLASS 10 6.0000 02/01/35 YOU SOLD GOVERNMENT NATIONAL MTG ASSOC (REPO) 07/13/05 08/15/05 3.580 -2.440.000 -4.610 -26.400,000 SERIES 2004-5 CLASS P 3.5200 02/20/33 YOU SOLD FEDERAL NATIONAL MTG ASSOC (REPO) 07/14/05 08/15/05 3.610 -509.000 -918 -14.000.000 SERIES 2003-52 CLASS 3.6400 07/25/17 YOU PROVIDED FEDERAL NATIONAL MTG ASSOC (MARGIN) 07/14/05 OPEN 0.000 -11.000.000 SERIES 2003-52 CLASS 3.6400 07/25/17 027 07.30,0S:10:09 001 1,1996 EFTA00196054 CLEARED THROUGH ITS WHOLLY 01MNIEO $UB9OIAAY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 7 c/ ;t2 Repurchase and Reverse Repurchase Transactions (continued) with Bear,Stearns& Co.inc.outstanding as of date of statement (continued) PLFICNASS REPURCHASE START DATE DATE PRICING RATE PURCHASE PRICE, ACCRUED REPO PAINCPAL MEREST' CAMARITY (FACE AMOUNT) CUSP DESCRIPTION FANNIE MAE STRIPS SERIES 352 CLASS PO 07101/34 FINANCIAL TRUST CO INC STATEMENT PERK* Jul/ 1.2005 THROUGH Jul, 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER On Pk LAST STATEMENT June 30.2005 YOU SOLD (REPO) 07/18/05 08/18/05 3.630 -13.954,000 -19.698 -23.000,000 YOU PROVIDED (MARGIN) 07/29/05 OPEN 0.000 -50.000,000 FEDERAL. NATIONAL MTG ASSOC SERIES 2003-13 CLASS 4.5400 Oa/25.133 YOU SOW (REPO) 07/29/05 08/29/05 3.720 -96.000 -29 -500,000 FEDERAL. HOME LOAN STRIP SERIES 227 CLASS 10 5.0000 12/01/34 YOU PROVIDED (MARGIN) 07/29/05 OPEN 0.000 -9.500.000 FEDERAL. HOME LOAN STRIP SERIES 227 CLASS 10 5.0000 12/01/34 YOU BOUGHT (REVERSE) 07/22/05 OPEN TOTAL REVERSE REPURCHASE TRANSACTIONS 2.640 10.025.000 6.970 10.000.000 USIA 4.1250 05115/15 $10.025.000 $6.970 TOTAL REPURCHASE TRANSACTIONS 5.61.340.002 $-122.828 'As Cl si ltrran: <WO Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSACTION 07/01/05 06/30/05 SOLD DESORPTION S10.480...CuSp UNITED STATES TREASURY NOTE 1040.7.625% JO 30 . MATURITY OVER REF # 01813788 BI QUANTITY .15,000.000 PRCE 99.99770 ACCR. INT. DEBIT AMOUNT CREDIT WONT 14.999.655.00 1.477.58 027 023001210:09 001 EFTA00196055 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 8 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION OESCRPTION STIA1306'COSP OVANTITY PRICE DEBIT AMOUNT CARON AMOUNT 07/01/05 06/30/05 SOLD UNITED STATES TREASURY NOTE -50.000,000 99.99770 49,998,850.00 03.625% JO 30 ACCR. INT. 4,925.27 MATURITY GYER REF or G1813788 Al 07/01/05 JOURNAL FEDERAL NATIONAL MTG ASSN ISM -1 SERIES 353 CLASS 2 5.000 DUE 07/01/34 ADJUST POSITION 07/01/05 JOURNAL FEDERAL NATIONAL MTG ASSN -1 SERIES 353 CLASS 2 5.000 DUE 07/01/34 07/05/05 JOURNAL FEDERAL NATIONAL MTG ASSN NMI 1 SERIES 353 CLASS 2 5.000 DUE 07/01/34 07/06/05 07/05/05 SOLD UNITED STATES TREASURY NOTE MEN -15.000.000 100.13281 15,019,92187 04.s25ss Mn IS ACCR. INT. 87,432.07 MATURITY GYER REF # G1864824 Al 07/06/05 07/05/05 BOUGHT UNITED STATES TREASURY NOTE 6.000.000 99.48828 5,969,296.88 03.600% MN 31 ACCR. INT. 20.655.73 MATURITY GYER REF # G1864858 Al 07/07/05 07/06/05 SOLD UNITED STATES TREASURY NOTE NMI -10.000.000 100.34375 10,034,375.00 04.126% MN TS ACCR. INT. 59,408.97 0 MATURITY GYER REF # G1872700 Al 07/11/05 07/08/05 BOUGHT UNITED STATES TREASURY NOTE 15.000.000 100.35156 15.052.734.37 04.126% Mn IS ACCR. INT. 95.839.00 MATURITY GYER REF # G1894318 Al 027 0740.135:10:09 001 Y895 CLEARED TuRouGH ITS Ls/Kw, CHIT*/ SUSSIOally Beer Rev, FINANCIAL TRUST CO INC STATEMENT PER100 .88/ 1.2005 THROUGH Jul, 29.2005 ACCOUNT NUMBER TAXPAYER MAGER On Ale LAST STATEMENT June 30.2005 EFTA00196056 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 9 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACT/ON 07/11/05 07/08/05 BOUGHT 07/11/05 07/08/05 SOLD 07/12/05 07/11/05 SOLD 07/14/05 06/06/05 CANCEL SELL 07/14/05 06/07/05 CANCEL SELL 07/14/05 06/03/05 BOUGHT DESCRIPTION UNITED STATES TREASURY NOTE DUE 05/31/2007 03,500% MN 31 SPECIAL INSTRUCTIONS YIELD 3,762 % TO MATURITY GVER REF it G1893571 A3 WWEB EMAIXVCUSP UNITED STATES TREASURY NOTE DUE 06/30/2007 03,625% JO 30 SPECIAL INSTRUCTIONS YIELD 3,751 % TO MATURITY GVER REF # G1893570 A3 WEB UNITED STATES TREASURY NOTE 04,125% MN IS MATURITY GvER REF # G1923743 Al FNMA 30YR TBA GTD SETT, 07/05 57140000 BS AS OF 06/06105 TO C/3. PREVIOUS SELL FNMA 30YR TBA GTD SETT, 07/05 001. 1105,000% 57140000 BS AS OF 06/07105 TO CM. PREvIOLIS SELL FNMA 30YR TBA GTD SETT, 07/05 05000% 7110000 BS cvmany ProcE 28.000.000 99.52344 ACCR. INT. CLEARED TAIROuGH ITS miCm.', OM R(' SUBSIMAny Beer Ster FINANCIAL TRUST CO INC STATEMENT PER100 Jul/ 1.2005 THROUGH Jul, 29.2005 ACCOUNT! NUMBER TAXPAYER NUMBER On FIIB LAST STATEMENT June 30.2005 DEBIT AMOUNT 27,866,562.50 109,781.42 CREPT AMOUNT -28,000,000 99.76172 ACCR. INT. 27,933,281.25 30.339.67 -15,000,000 100.01563 ACCR. INT. 15,002,343.75 97,520.38 15,000,000 99.59375 14.939.062.50 15.000.000 99.59375 14.939.062.50 15.000.000 100.21875 15.032.812.50 027 OB3005:10:09 001 Y895 EFTA00196057 CLEARED THROUGH ITS mow? MATEO SUBSOMAy BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 10 c! Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTOR 07/14/05 05/06/05 CANCEL SELL 07/14/05 06/23/05 BOUGHT 07/14/05 06/06/05 SOLD 07/14/05 06/07/05 SOLD 07/14/05 06/03/05 CANCEL BUY 07/14/05 05106/05 SOLD CESCRIMON FNMA 30YR TBA GM SETT, 07/05 7440000 AS OF 05/06/05 TO CXL PREVIOUS SELL FNMA 30YR TBA GM SETT, 07/05 05,000 7210000 FNMA 30YR TBA GM SETT, 07/05 05.000 57140000 AS OF 06/06435 FNMA 30YR TBA GM SETT, 07/05 57140000 FNMA 30YA TEA GM SETT, 07/05 101.11055005 7110000 AS OF 06/03105 TO CXL PREVIOUS BUY FNMA 30YR TBA GM SETT, 07/05 101101 505.0005 7440000 BS FINANCIAL TRUST CO INC STATEMENT PERTOO Mc I . 2005 THROUGH Jul, 29. 2005 AcconT NUMBER TAXPAYER MAUER On FIIB LAST STATEMENT June 30.2005 STIMOTOUSIP GUMMY PRICE DEBIT AMOUNT CPI= MONO BS 30,000,000 30.000.000 98.51953 99.96094 29,555,859.38 29.988.281.25 BS -15.000.000 99.59375 14,939,062.50 BS MEI -15.000.000 99.59375 14,939,062.50 BS -15,000,000 100.21875 15,032,81250 BS MEI -30,000,000 98.51953 29,555,859.38 027 D7F3005:10:09 001 V895 EFTA00196058 CLEARED THROUGH ITS WHOLLY OWNED SUBSTDMAY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 11 Ci K. Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACT/ON 07/14/05 06/23/05 CANCEL BUY 07/14/05 05/06/05 CANCEL SELL 07/14/05 05/19/05 BOUGHT 07/14/05 05/23/05 BOUGHT 07/14:05 07,07:05 BOUGHT 07/14/05 05/26/05 CANCEL SELL OESCRPTION FNMA 30YR TaA GM SETT. 07/05 ows1505.000% 7210000 AS OF 06123/05 TO CM. PREVIOUS BUY FNMA-30YRIFNMAIGTD 591,07105 c6.500% 7450000 AS OF 05/06,05 TO CM. PREYICUS SELL FNMA-30YRIFNMAIGID SETT,07/06 05,500% 57050000 FNMA-30YRIFNMAIGTD SETT,07.136 71500 7100000 FNMA-30YRIFNMAIGTD SETT,07,05 iii00105.500% 57300000 FNMA-30YR(FNMA)GTD SETT,07105 05,500% 7180000 AS OF 0&26/05 TO CM. PREVIOUS SELL FINANCIAL TRUST CO INC STATEMENT PERK* JUT/ 1.2005 THROUGH Jul, 29.2005 ACCOUNT NUMBER TAXPAYER wie3ER Ofl File LAST STATEMENT June 30.2005 SYMBOLGUSV %Wm PINCE DEW AMOUNT OEM AMOUNT BS -30.000,000 99.96094 29,988,281.25 30,000.000 100.51563 30,154,687.50 BS 30,000.000 100.86719 30.260.156.25 BS 30,000.000 101.00000 30.300.000.00 BS 30,000.000 101.11719 30,335,156.25 BS 60,000.000 100.95313 60.571.875.00 BS 027 07.30,0S:10:09 001 "895 EFTA00196059 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 12 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACT/3N 07/14/05 05/06/05 SOLD 07/14/05 05/19/05 CANCEL BUY 07/14/05 05/23/05 CANCEL BUY 07/14/05 07/07/05 CANCEL BUY 07/14/05 05126105 SOLD 07714/05 06/06/05 BOUGHT DESORPTION FNMA-30YR(FNMA)OID tom Th os.500% 7450000 FNMA-30YR(FNMA)GTD SETT.07 05 05.500% 7050000 AS OF 05 19,05 TO CXL PREVIOUS BUY FNMA-30YR(FNMA)GTD 07 05.500% 7100000 AS OF 05/23105 TO C73. PREVIOUS BUY FNMA-30YR(FNMA)GTD SETT.07/05 1.1005,50054 57300000 AS OF 07/07105 TO C73. PREVIOUS BUY FNMA-30YR(FNMA)GID SETT.07t06 05.500% 37180000 FNMA 30 YR G10 SETT. 07 05 AS OF 06:0605 57180000 CLEARED D4ROuGH ITS wisCtLY OW,E0 SUEISIOally Beer Stea,n FINANCIAL TRUST CO INC STATEMENT PER100 Jul/ 1.2005 THROUGH Jul, 29. 2005 ACCOUNT NUMBER TAXPAYER WIDMER OR File LAST STATEMENT June 30.2005 SYMOOMCUSIP OVANTITY Pma DEIST AMOUNT CREPT AMOUNT -30.000,000 100.51563 30,154,687.50 BS -30.000,000 100.86719 30,260,156.25 BS -30.000.000 101.00000 30,300,000.00 BS -30.000.000 101.11719 30,335,156.25 BS NMI 60 000.000 100.95313 60.571.875.00 BS 50,000.000 102.60547 51,302,734.38 BS 02/ 073: Otr:10:03 001 7895 EFTA00196060 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 13 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSICTON 07/14/05 06/03105 CANCEL SELL 07/14105 06/06/05 CANCEL BUY 07/14/05 06/03105 SOLD 07/15/05 07/14/05 SOLD 07/15/05 JOURNAL 07/15/05 JOURNAL 07/18/05 JOURNAL GUMPTION FNMA 30 YR GM SETT, 07/05 06.000% 7070000 BS AS OF 06/03105 TO CR PREVIOUS SELL FNMA 30 YR GM SETT, 07/05 100/0006,0034 57180000 BS AS OF 0510005 TO CxL PREVICUS ELM FNMA 30 YR GTO SETT, 0705 0110.006.000% 57070000 BS UNITED STATES TREASURY NOTE 04.125% MN IS 0 MATURITY GVER REF # 61953286 Al FANNIE MAE CMG/SERIES 2003-52 KS-VO RTR 3,785 DUE 07/2917 ADJUST POSITION FANNIE MAE CMOtSERIES 2003-52 KS-PO RTR 3.785 DUE 07/25/17 FANNIE MAE CMO/SERIES 2003.52 KS-PO RTR 3.785 DUE 07/25117 CLEARED THROuGH ITS wHOtLY CAM,E0 SUBSIDIARY Beer Stea•nt. Se •it' • FINANCIAL TRUST CO INC STATEMENT PERK* Jul/ 1.2005 THROUGH Jul, 29.2005 ACCOUNT NUMBER TAXPAYER ABJURER Cfl File LAST STATEMENT June 30.2005 SITIOD,GuSro GUMMI/ PRICE DEBIT AMOUNT MO/ A/IOLNT 50,000,000 102.79688 51,398,437.50 MIN -50.000.000 102.60547 51.302.734.38 -50.000.000 102.79688 51.398.437.50 -3.000.000 99.56250 2.986.875.00 ACCR. INT. 20,512.91 MIS -1 -1 1 02/ 0/ 32 05.101:9 001 Y895 EFTA00196061 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 14 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTKIN OESCRIPTION SYMOOLICUSP OVANTITY PRICE OBIT AMOUNT GRECO AMOUNT 07/20/05 07/19/05 SOLD UNITED STATES TREASURY NOTE -5.000.000 99.14063 4,957,031.25 04,12S% MN IS ACCR. INT. 36,990.49 MATURITY GYER REF # 62002321 Al 07/20/05 PRINCIPAL GOVERNMENT NATIONAL MTG ASSN ISM -159,999 SERIES 2004-035 CLASS SP 3,940 DUE 12/20/29 PRINCIPAL REDUCTN 07-20-0S 07/20/05 PRINCIPAL GOVERNMENT NATIONAL MTG ASSOC -145,015 SERIES 2004-041 CLASS SE DUE 05/20/30 PRINCIPAL REDUCTN 07-20-0S 07/22/05 07/21/05 SOLD UNITED STATES TREASURY NOTE -5,000,000 98.93750 4.946.875.00 04,126% MN IS ACCR. INT. 38.111.41 MATURITY GVER REF # 62025180 Al 07/25/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 118.834.50 SERIES 329 CLASS PO DUE 01/01/33 STRIP PAIN RID 06-05 PID 07-25-05 REPO P 8I 0,0000 07/25/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 356.503.50 SERIES 329 CLASS PO DUE 01101/33 STRIP PRIN RID 06.05 PA) 07-25-05 REPO P 8I 0,0000 07/25/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN -301,362 SERIES 2003-49 CLASS SW 3685 DUE 01/25/33 PRINCIPAL REDUCTN 07-25-05 CLEARED THRouom ITS %snort (Am,*0 SUOSIOany Beer Sean FINANCIAL TRUST CO INC STATEMENT PERM Jul/ 1.2005 THROUGH Jul, 29.2005 *scow! NUMBER TAXPAYER /AJMER On File LAST STATEMENT June 30.2005 027 M3005:10:09 001 V89S EFTA00196062 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 15 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION CESCRVTION SY1A3011CUSA' CAPARITI ',FEE DEIST AMOUNT OREM MCUNT 07/25/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 159,318.90 SERIES 348 CLASS 1 DUE 11/01133 PRIN RID 0645 ND 07-25-05 REPO P S i 0,0000 07/25/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 318,637.80 SERIES 346 CLASS 1 DUE 11/01133 PRIN RID 06-05 PM 07-25-05 REPO P S i 0,0000 07,25/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN MIS 219,038.40 SERIES 352 CLASS I 0,001 DUE 07/01/34 PRIN RID 06-05 ND 07-25-05 REPO P S i 0,0000 07/25/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 503,788.32 SERIES 352 CLASS I 0,001 DIE 07/01/34 PRIN RID 06-05 PM 07-25-05 REPO P S i 0,0000 07/2_5/05 PRINCIPAL ALTERNATIVE LOAN TRUST -704£74 SERIES 2004-3008 CLASS I -A-B 1,785 DUE 02/25/35 PRINCIPAL REDUCTN 07-25-05 07/29/05 07/28105 BOUGHT UNITED STATES TREASURY NOTE 20.000.000 99.37220 19,874,440.00 03,625% Jo 30 ACCR. INT. 57.133.15 MAR GyER REF 62094228 A3 AS OF 07/2845 07/29105 07128/05 BOUGHT UNITED STATES TREASURY NOTE 23.000.000 99.35156 22.850.859.38 03,625% JD 30 ACCR. INT. 65.703.12 MATURITY GVER REF # 62092992 al CLEARED THROUGH ITS /MOLLY OW,E0 SUEISIOally Beer Stea,n FINANCIAL TRUST CO INC STATEMENT PERIOD Jul/ 1.2005 THROUGH Jul! 29.2005 ACCOUNT NUMBER TAXPAYER KUMMER Cfl Ale LAST STATEMENT June 30.2005 02/ D7/3005:10:09 001 7895 EFTA00196063 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 16 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 07/29/05 TRADE DATE TRANSACTION 07/28/05 BOUGHT DESCRIPTION UNITED STATES TREASURY NOTE 03,625% TO 30 MATURITY GVER REF # G2092992 Al SY/ABOLICUSP COWRY 50,000,000 AC,CR. INT. PRICE 99.35156 CLEARED THROUGH ITS WIIC(LY OMED SOSO/AIM Beer Ner FINANCIAL TRUST CO INC STATEMENT PERM Jul/ 1.2005 THROUGH Jul, 29. 2005 ACCOUNT NUMBER TAXPAYER NuMER On File LAST STATEMENT June 30.2005 DEBIT AMOUNT 49,675,781.25 142,832.88 CREW' MONO TOTAL $-530.559.744.69 $536.710.173.30 DEPOSITS AND WITHDRAWALS DATE WANSACTPX 07/13/05 FND WIRED /ADM DESER VIER DATE DESCRIPTION 07/01/05 AVG BAL 425,265RT 2.198 021 OFFICE INTEREST 0605 INTEREST NOSWIRED TO N 07/15/05 FEDL HOME LOAN MTG CORP#510109 SERES 227 CLASS 10 DUE 12/01/2034 5,000 INT RID 06.05 PAD 07-15-05 REPO P &I 5.0000 07/15/05 FEDL HOME LOAN MTG CORP#510109 SERES 227 CLASS 10 DUE 12/01/2034 5,000 INT RID 06.05 PA) 07-15-05 REPO P &I 5,0000 SYMEIWCUSIP MIN 11111. DEBIT AMOUVT 71.745.00 OIWITTTY RATE N CREDIT AMOUNT DEBT AMOUNT CREPT AMOUNT 779.00 5.0000 39.80151 5.0000 79.60703 07/ 0/ 30 0 :IOCiS 00I Y895 EFTA00196064 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 17 Transaction Detail (continued) INTEREST (conlinued) CLEARED THROuGH ITS viNCtLY CA11,E0 SUOSIOMTiv Beer Stern !it FINANCIAL TRUST CO INC STATEMENT PERK* Jul/ 1.2005 THROUGH Jul, 29.2005 ACCOUNT NUMBER TAXPAYER MASSER Cfl File LAST STATEMENT June 30.2005 DATE OESCRIPTION SYMBEIJCUSIP OWARITY RATE 1%) DEBIT AMOUNT CREW AMOUNT 07/15/05 FREDDIE MAC CMO/SERIES 2886 4.0800 12,000.87 SC-/0 FUR DUE 07/15/2019 4,080 INT FM 06-05 PAD 07-15-05 REPO P 8I 4,0800 07/15/05 FREDDIE MAC CMO/SERIES 2886 1.1111M 4.0800 17.174.86 SC-1/0 FUR DUE 07/15/2019 4,080 INT RID 0805 PA) 07-15-05 REPO P 8I 4,0800 07/15/05 FEDL HOME LOAN MTG COREUS10110 6.0000 89/98.51 SERES 228 CLASS 10 DUE 02/01/2035 6,000 INT RID 06-05 PAD 07-15-05 REPO P &I 6,0000 07/20/05 GOVERNMENT NATIONAL MTG ASSN 3.6900 54.120.00 SERES 2004-5 CLASS PS DUE 02/2012033 3.690 INT RID 06-05 PA) 07-20-05 REPO P &I 3,6900 07/20/05 GOVERNMENT NATIONAL MTG ASSN 3.6900 81.180.00 SERES 2004-5 CLASS PS DUE 02/2012033 3,690 INT RID 06-05 PA) 07-20-05 REPO P 8I 3,6900 07/20/05 GOVERNMENT NATIONAL MTG ASSN MEM 3.9400 80.213.91 SERES 2004-30 CLASS SU DUE 02/20/2032 3,940 INT RID 0805 PA) 07-20-05 REPO P 8I 3,9400 07/20/05 GOVERNMENT NATIONAL MTG ASSN 3.9400 48,577.07 SERIES 2004-035 CLASS SP DUE 12/20/2029 3940 INTEREST PAYMENT 0t-20.05 07/20/05 GOVERNMENT NATIONAL MTG ASSOC 48.59814 SERIES 2004-041 CLASS SE DUE 05/20/2030 0,000 INTEREST PAYMENT 07-20.05 027 07,3005:10:09 001 V895 EFTA00196065 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 18 Transaction Detail (continued) INTEREST (continued) CLEARED THROUGH ITS vinCtLY (A1T,E0 SUOSIOMTiv Beer Sown !it FINANCIAL TRUST CO INC STATEMENT PER100 Jul/ I . 2005 THROUGH Jul, 29. 2005 ACCOUNT NUMBER TAXPAYER KAMER Ofl File LAST STATEMENT June 30.2005 DATE DESORPTION SYMBOAUSIP OUANTITY RATE ICt DEBIT AMOUNT cafP1 AMOUNT 07/25/05 FANNIE MAE CMG/SERIES 2003-13 4.6850 48,392.65 S RCR-VO RTR DUE 03/25/2033 4.685 INT RID 06-05 PA) 07-25-05 REPO P 8I 46856 07/25/05 FANNIE MAE CMOJSERIES 2003-13 1.1= 4.6850 48.392.65 S RCR-VO RTR DUE 03/25/2033 085 INT RID 06-05 PA) 07-25-05 REPO P 8I 46856 07/25/05 FEDERAL NATIONAL MTG ASSN 3.6850 38356.92 SERIES 2003-49 CLASS SW DUE 01/25/2033 3.685 INTEREST PAYMENT 07-25.05 07/25/05 FANNIE MAE CMG/SERIES 2003-52 3.7850 23.816.25 KS-I/O RTR DUE 07/25/2017 3.785 INT RID 06-05 PA) 07-25-05 REPO P 8I 3.7856 07/25/05 FANNIE MAE CMG/SERIES 2003-52 3.7850 30.311.59 KS-I/0 RTR DUE 07/25/2017 3,785 INT RID 0605 P/D 07-25-05 REPO P 8I 3.7856 07/25/05 FEDERAL NATIONAL MTG ASSN IMO 5.0000 38.20931 SERIES 353 CLASS 2 DUE 07/01/2034 5.000 INT RID 06-05 PA) 07-25-05 REPO P 8I 5.0000 07/25/05 ALTERNATIVE LOAN TRUST 1.7850 55.137.24 SERES 2004-3008 PASS 1-A-8 DUE 02/25/2035 1.785 INTEREST PAYMENT 07-25-05 TOTAL $834.470.31 027 07,3005:TU09 00I V895 EFTA00196066 CLEARED THROUGH ITS WHOLLY OWNED SUBSCIAFW BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 19 C? :€2 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stearns& Co. Inc. SETTLEMENT DATE TRNX DATE TRANSACTION DESCRrION SYMBOLCVSIP aMAITIW DEBIT AMOUNT CREDIT AMOUNT 07/01/05 RECEIVED UNITED STATES TREASURY NOTE 65.000.000 65.162.500.00 DUE 06130/2007 3,625 FITM Al 3,625 0.i7 RESALE T 07/06/05 JOURNAL UNITED EASURY NOTE -13.000.000 13.097.500.00 ATM Al 4,125 15 REPO AGREEMENT 07/06/05 JOURNAL UNITED EASURY NOTE 28.000.000 28.210.000.00 ATM A2 4,125 15 TERM REPO AGREEMENT 07/06/05 RECEIVED UNITED STATES TREASURY NOTE 28.000,000 28.035.000.00 DUE 05131/2007 3,500 3,500 D 7 FITM AlA RESALE T 07/06/05 DELIVERED UNITED STATES TREASURY NOTE -34,000.000 34.127.500.00 DUE 05/31/2007 3,500 36 F)101007 FRM00 A2 TERM EE1AENT 07/06/05 INTEREST UNITED STATES TREASURY NOTE MOM 28,304.03 DUE 05/111. 4.125 ATM A2 REPO Mr 07/06/05 INTEREST UNITED STATES TREASURY NOTE 21.149.57 DUE 05/11,20g7_ _3.500 07/07/05 JOURNAL UNITED STATES TREASURY NOTE -3.000.000 3.022.500.00 FINANCIAL TRUST CO INC STATEMENT PERK* Jul/ 1.2005 THROUGH Jul, 29. 2005 ACCOUNT NUMBER TAXPAYER WEISER On Ale LAST STATEMENT June 30.2005 ATM Al 4.125 15 REPO AGREEMENT 027 07.300S:10:09 001 V895 EFTA00196067 CLEARED THROUGH ITS valour MINED $UESIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 20 c! Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT DATE 07/07/05 TWOS DATE TRANSACTION JOURNAL DESORPTION UNITED TATES TREASURY NOTE FIRM A2 4,125 15 TERM REPO AGREEMENT 07/07/05 INTEREST UNITED STATES TREASURY NOTE DUE 051 4.125 FONT A2 REPO I 07/11/05 JOURNAL UNITED EASURY NOTE FIRM A2 4,125 15 TERM REPO AGREEMENT 07/11/05 JOURNAL UNITED EASURY NOTE FIRM Al 4,125 15 REPO AGREEMENT 07/11/05 DELIVERED UNITED STATES TREASURY NOTE DUE 05+31/2007 3,500 3,50011.7 w FITM A2 TERM ENT 07/11/05 DELIVERED UNITED STATES TREASURY NOTE DUE 06+30/2007 3,625 3,625 7 FITM A2 TERM EEMENT 07/11/05 RECEIVED UNITED STATES TREASURY NOTE DUE 06+30'2007 3,625 3,625 li FIRM AlA RESALE T 07/11/05 INTEREST UNITED STATES TREASURY NOTE DUE 05)10b 4,125 FIRM A2 REPO I SYMEICIAUSIP OvANiin 13,000.000 DEBIT AMOUNT 13,097,500.00 FINANCIAL TRUST CO INC STATEMENT PERM Jul/ 1.2005 THROUGH Jul 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT June 30.2005 CREDIT AMOUNT 1.055.08 3.000.000 3.022,500.00 -18.000.000 18.090.000.00 -28,000.000 28.035.000.00 -65000000 65.162.500.00 93.000,000 93,116,250.00 1.022.61 027 07.30,0S:10:09 001 EFTA00196068 CLEARED THROUGH ITS WHOLLY OWNED $UBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 21 c! Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT DATE 07/11/05 TMDE DATE TRANSACTION INTEREST DESCRVION UNITED STATES TREASURY NOTE DUE 05=2007_ "_3500 07/11/05 INTEREST UNITED STATES TREASURY NOTE DUE 05=0,7_ 3625 "I" 0711205 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 0101/33 STRIP FRM Al REPOAl 0711205 JOURNAL FEDERAL NATIONAL MT0 ASSN SERIES 329 CLASS PO DUE 01101/33 STRIP TE MM RM RPRIPMAZENT 0711205 JOURNAL FEDERAL NATIONAL MT0 ASSN SERIES 329 CLASS PO DUE 01101/33 STRIP ATM Mr Al REPO A 0711205 JOURNAL FEDERAL NATIONAL MTS ASSN SERIES 329 CLASS PO DUE 0001/33 STRIP TE MA RM RIPIPM AINT 0711205 JOURNAL FANNIE MAE CMOSERIES 2003-13 S FOR 4,886 ilit3 FIRM Al REPO A SYMEICIAUSIP OvANiire DEBIT AMOUNT FINANCIAL TRUST CO INC STATEMENT PERM Jul/ 1.2005 THROUGH JUN 29.2005 ACCOUNT NUMBER TAXPAyER WIASER On File LAST STATEMENT June 30.2005 CREDIT AMOUNT 8,099.00 47.74963 -4.805.740 3.562.000.00 4.805.740 3.652.000.00 .14A17,221 10,686,000.00 14,417,221 11,102,000.00 42,393.489 946000.00 027 07.30,0S:10:09 001 .895 EFTA00196069 CLEARED THROUGH ITS valour OwNED $U89DIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 22 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) FINANCIAL TRUST CO INC STATEMENT PERM Job. 1.2005 THROUGH Jul, 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT June 30.2005 SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION STMBOL,Cvsl, OUANTITY DEBIT AMOUNT CREDIT AMOUNT 07/12/05 JOURNAL FANNIE MAE CMO/SERIES 2003-13 12.393,489 984,000.00 S RCR-I10 FLTR 4,685 FILM RIII0 3,2 TERM MENT 07/12/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 346 CUSS 1 DUE IU FILM C1 REPO 07/12/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 346 CUSS 1 DUE I 1 FITM CZ TERM ENT 07/12/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 346 CUSS 1 DUE I 1 FITM A2 TERM ENT 07112;05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 346 CUSS 1 DUE I 1 FITM !Ili. Al REPO A 07112;05 JOURNAL FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CUSS 10 5,000 FITM 3.t1.2 TERM MENT 07/12/05 JOURNAL FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CUSS 0 5,000 FITM REPO Aft -6.805.369 5.060.000.00 6,805,369 5,241,000.00 13,610.739 10,000,000.00 .13,610.739 10,120,000.00 18,891.486 3,756,000.00 .18,891 A86 3,788,000.00 027 07.30,0S:10:09 001 VE195 EFTA00196070 CLEARED THROUGH ITS WHOLLY OWNED $UB9OIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 23 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) FINANCIAL TRUST CO INC STATEMENT PERK* Mg 1.2005 THROUGH July 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER OnFIle LAST STATEMENT June 30.2005 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPTICH SYMBOLCVSIP WANinv DEBIT AMOUNT CREDIT AMOUNT 07/12/05 JOURNAL FREDDIE MAC CMO/SERIES 2886 -3.529,667 197,000.00 SC-I/0 FUR 4,080piii#19 FITM AI REPO 07/12/05 JOURNAL FREDDIE MAC CMO/SERIES 2886 SC-I/O FLTR 4,080 19 FITM AZ TERM MENT 07/12/05 JOURNAL FEDL HOME LOAN MTG CORMS 10110 SERIES 228 CLASS 13 6,000311.35 FITM BZ TERM MENT 07/12/05 JOURNAL FEDL HOME LOAN MTG CORMS10110 SERIES 228 CLASS 10 6,000 10135 FITM 81 REPO A 07112/05 JOURNAL UNITED EASURY NOTE FITM Al 4,125 15 REPO AGREEMENT 07/12/05 JOURNAL UNITED &AWRY NOTE FITM A2 4,125 15 TERM REPO AGREEMENT 07/12/05 INTEREST FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO STRIP DUE 01301 0,000 FITM AZ REPO I 3,529.667 206,000.00 17,428.411 Z762,000k0 -17,428,411 2.818.000.00 -3.000.000 3,011,250.00 18,000.000 18,090,000.00 8.521.33 027 07.30,0S:10:09 001 EFTA00196071 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 24 c? €2 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TR;MACRON DESCRPTION SYMEIMICUSIP OVAArrin DEBIT AMOUNT 07/12/05 INTEREST FEDERAL NATIONAL MTG ASSN 33,760.08 SERIES 329 CLASS PO STRIP DUE Ol 0.000 FITM AZ REPO I 0711205 INTEREST FANNIE MAE CMO/SERIES 2003-13 S RCR-1/0 FLTR DUE 4.685 FITM AZ REPO I 07/12/05 INTEREST FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS I DUE I JO 0.000 ATM CZ REPO I 07/12/05 INTEREST FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE IV 0000 FITM AZ REPO I 07/12/05 INTEREST FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CUSS 0 DUE lap 5.000 FITM AZ REPO I 0711205 INTEREST FREDDIE MAC CMO/SERIES 2886 SC-U0 FLTR DUE 07:111 4.080 FITM AZ REPO I 0711205 INTEREST FEDL HOME LOAN MTG CORP#S 10110 SERIES 228 CLASS 0 DUE 0 6.000 FITM BZ REPO I FINANCIAL TRUST CO INC STATEMENT PERM Jul/ 1.2005 THROUGH Jul/ 29.2005 ACCOUNT NUMBER TAXPAYERNM/ER On File LAST STATEMENT June 30.2005 CREDIT AMOUNT 2.991.36 15.932.64 23.333.33 11.418.24 626.24 8.396.48 027 07,3005:10:09 001 7895 EFTA00196072 CLEARED THROUGH ITS WHOLLY OWNED $UESIOIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 25 c! Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) FINANCIAL TRUST CO INC STATEMENT PERM Jul/ 1.2005 THROUGH Juk. 29.2006 ACCOUNT NUMBER TAXPAYER NLAIIER On File LAST STATEMENT June 30.2005 SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION SYMEICIJCUSIP OVANTITY DEBIT AMOUNT CREDIT AMOUNT 07/12/05 07/13/05 07/13/05 07/13/05 07/14/05 07/14/05 07/14/05 INTEREST JOURNAL JOURNAL INTEREST JOURNAL JOURNAL JOURNAL UNITED STATES TREASURY DUE 05/11. FITM REPO I GOVERNMENT NATIONAL SERIES 2004-5 CLASS 3.690 W3 FITM REPO A GOVERNMENT NATIONAL SERIES 2004-5 CLASS 3.690 I14 FIT 31. 31.2 TERM GOVERNMENT NATIONAL SERIES 2004-5 CLASS FITM DUE 02:11. REPO I FANNIE MAE CMG/SERIES KS-U0 FUR 3,785 FITM TERM FANNIE MAE CMOSERIES KS-I/0 FUR 3,785 'WI FITM REPO A FANNIE MAE CMO/SERIES KS-ItO FLTR RIM 3,785 RESALE NOTE 4,125 A2 MTG ASSN PS Al MTG ASSN PS MENT MTG ASSN PS 3,690 A2 2003-52 17 A4 MENT 2003-52 7 AI 2003-52 7 Al MIS -26.400.000 26.400.000 17,157,930 -7.549A89 9.608.440 1,557.75 2,515,000.00 4.708.64 509.000.00 2.440.000.00 027 07.30,0S:10:09 001 VE195 EFTA00196073 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. =Pm 26 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SEMEMENT TRACE DATE DATE TRANSACTION DESORPTION 07/14/05 JOURNAL FANNIE MAE CMOiSERIES 2003-52 KS-I/0 FUR 3,785 07/14/05 JOURNAL FANNIE WE CMOSERIES 2003-52 KS-I/O FLTR 3,785 17 FITM AI REPO A 07/14/05 JOURNAL FANNIE WE CMOSERIES 2003-52 KS-I/O FLTR 3,785 17 FITM A2 REPO A 07/14.:05 JOURNAL FANNIE MAE CMCVSERIES 2003-52 KS-I/0 FLTR 3,785 17 Find AI REPO A 0715/05 JOURNAL UNITED REASURY NOTE ATM A2 4125 .15 TERM REPO AGREEMENT 07/15/05 INTEREST UNITED STATES TREASURY NOTE DUE 053110 4,125 FITM A2 REPO I 07 18 05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0,001 FITM WI REPO A 07 18 05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0,001 FITM BZ TERM ENT STMECLCVSIP CLEARED THROUGH ITS wisCI.LY CAM,*0 SUEISIOally Beer Stea•nt. Se •it' • FINANCIAL TRUST CO INC STATEMENT PER100 Jul/ 1.2005 THROUGH Julj 29.2005 ACCOUNT NUMBER TAXPAYER NUMSER On Flk LAST STATEMENT June 30.2005 °PARITY DEBIT AMOUNT CREDIT AMOUNT -9,608,440 509600.00 -9.608A40 509600.00 9.608.440 509,000.00 -9.608.440 509,000 00 3.000.000 3.011,250.00 736.92 -16089645 13.954.000.00 19.089.045 14.345.000.00 027 07/3006:10:09 001 '.89S EFTA00196074 CLEARED THROUGH ITS WHOLLY OWNED $UB9OIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 27 c? Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SETTLEMENT TMDE DATE DATE TRANSACRON DESORPTION 07/18/05 INTEREST FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 DUE 0710 0.001 FILM 82 REPO I 07/20/05 RECEIVED UNITED STATES TREASURY NOTE DUE OS/192015 4.125 FIRM 4.125 15 AI RESALE 07/22/05 DELIVERED UNITED STATES TREASURY NOTE DUE 05/152015 4.125 4.125)1001E5 RIM A2 TERM EMENT 07/22/05 RECEIVED UNITED STATES TREASURY NOTE DUE 05+152015 4.125 4.125 SIC FITM Al RESALE 07/22105 INTEREST UNITED STATES TREASURY NOTE DUE Ds/ l 125 07/28/05 JOURNAL FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS 10 5000 FILM WI REPO A 07/28/05 JOURNAL FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS 10 FS.000 ITM 31.C2 TERM ENT FINANCIAL TRUST CO INC STATEMENT PER100 Jul/ 1.2005 THROUGH Juit 29.2005 ACCOUNT NUMBER TAXPAYER WEISER On File LAST STATEMENT June 30.2005 ME/MCl/SIP OVANTITY DEBIT AMOUNT CREDIT AMOUNT 44,118.84 MI= 5,000,000 5.025.000 00 MIN -5.000.000 5.025.000 00 10.000.000 10,025,000.00 353.15 -9.445743 9,445,743 1,861,000.00 027 07.300S:10:09 001 '.1195 EFTA00196075 CLEARED THROUGH ITS valour Coma) $UB9OIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 28 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) FINANCIAL TRUST CO INC STATEMENT PERM Jul/ 1.2005 THROUGH Jul, 29.2005 ACCOUNT NUMBER TAXPAyER TAJMEER On Ale LAST STATEMENT June 30.2005 SETTLEMENT TRADE DATE DATE DINCACDON DESCRPT1CH SYMEMICUSIP WNW', CESIT AMOUNT CREDIT AMOUNT 07/28/05 INTEREST FEDL HOME LOAN MTG CORP#510109 5,123.95 SERIES 227 CLASS IO DUE I AO 5000 ATM C2 REPO I 07/29/05 JOURNAL FANNIE MAE CMO/SERIES 2003-13 S RCR-110 FLTR 4,540 FIRM 31111I32 TERM MENT 07129/05 JOURNAL FANNIE MAE CM0SERIES 2003-13 S RCR.ItO FLTR 4.540 FRM AI REPO A 07/29/05 JOURNAL FANNIE MAE CMO/SERIES 2003-13 S RCR.ItO FLTR 4 FRM .540 Fla n TERM ENT 07/29/05 JOURNAL FEDL HOME LOAN MTG CORD#510109 SERIES 227 CLASS 0 5,000 FITM 31.42 TERM ENT 07/29/05 JOURNAL FEDL HOME LOAN MTG CORP#510109 SERIES 227 CLASS 10 5,000 .134 ATM Al REPO A 07/29/05 JOURNAL FEDL HOME LOAN MTG CORP#510109 SERIES 227 CLASS 0 5,000 RP REPO A 12.094,423 -24.188,846 12,094.423 946,000.00 9,445,743 -8.973A56 .472,287 96,000.00 027 07.30,0S:10:09 001 EFTA00196076 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. =Pm 29 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPRON SYMOCCOUSIP CVANTITY DEBIT AMOUNT CREDIT AMOUNT 07/29/05 07/29/05 07/29/05 DELIVERED INTEREST INTEREST UNITED STATES TREASURY NOTE DUE 06(30/2007 3,625 3.62510.7 Em FITM A2 TERM ENT FANNIE MAE CMO/SERIES 2003-13 S RCR-110 FLTR DUE Cet 4,540 FITM A2 REPO I UNITED STATES TREASURY NOTE DUE 06ile i i ,625 MEE -93.000.000 1,599.27 93.116.250.00 132.949.31 TOTAL $-325,376,196.79 $318,091,800.66 MISCELLANEOUS CLEARED THROUGH ITS OMP*0 SUEISIOMAY Beer &ter FINANCIAL TRUST CO INC STATEMENT PER100 Jul, 1.2005 THROUGH July 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT June 30.2005 DATE IAODAY TRANSACTION DESCRIPTION DEW AMOUNT CREDIT AMAJUNT 07/01/05 JOURNAL TO CMDY NC 159,218.50 07/05/05 JOURNAL FR CMDY NC 258,350.50 07/06/05 JOURNAL FR CMDY NC 160,897.50 07/08/05 JOURNAL FR CMDY NC 183,564.74 07/11/05 JOURNAL FR CMDY NC 107,686.00 07/13/05 JOURNAL FR CMDY NC 6,430.00 07/13/05 JOURNAL FNMA 30YR IBA GTD 526,171.87 SETT, 07105 5,000 DUE 07/01/35 NIBS NET 07/13105 07/ 0/ 30 0:00:03 001 V89S EFTA00196077 CLEARED THROUGH ITS WIICU.Y OWNED SUB9DIAFW BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. FINANCIAL TRUST CO INC 30 o Transaction Detail (continued) MISCELLANEOUS (continued) DATE won TRANSACTOR DESCRIPTON DWI AMOUNT CRECIT AMUNT 07/13/05 JOURNAL FNMA-30YR(FNMA)GTD 168,750.00 SER.07/05 5.500 DUE 07101/35 MBS NET 07/13405 07/14/05 JOURNAL FR CMDY NC 11,709.00 07/14/05 JOURNAL FNMA 30YR GTO 95,703.12 SETE 07/05 6.000 DUE 07101/35 MBS NET 07/14/05 07/15/05 JOURNAL TO CMDY A/C 4390.00 07/18/05 JOURNAL FR CMDY NC 66,750.00 07/19/05 JOURNAL FR CMDY NC 50,375.00 07/22/05 JOURNAL JUNE 05CLEAR FEES 1.500.00 07/22/05 JOURNAL FR CMDY NC 104,275.00 07/26/05 JOURNAL TO CMDY NC 23.563.00 07/27/05 JOURNAL FR CMDY NC 3,900.00 07/28/05 JOURNAL FR CMDY NC 64,025.00 07/29/05 JOURNAL TO CMDY NC 207.084.00 TOTAL $.1.090.677.37 51.113.665.86 02? STATEMENT PERIOD Job. 1.2005 THROUGH Jul/ 29.2005 ACCOUNT NUMBER TAXPAYER AVEOER On File LAST STATEMENT June 30.2005 01.300S:10:09 001 WIDS EFTA00196078 CLEARED THROUGH ITS WIICU.Y OWNED $UB901AAY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 31 Trades Executed Pending Settlement SETTLEMENT TRADE DATE DATE 7RANSACTON DMA mon 08/01/05 07/29/05 BOUGHT SYMBOL:CUSP FINANCIAL TRUST CO INC STATEMENT PERK* Jul/ 1.2005 THROUGH JUT/ 29. 2005 ACCOUNT NUMBER TAXPAYER NLAMER Ofl File LAST STATEMENT June 30,2005 °WHY FPoCE DEBIT AMOUNT OREM MIDUNT UNITED STATES TREASURY NOTE 10.000.000.00 98.7812 9,965,557.07 04.126% MN IS TY GVER REF Gi1005081TUA1 oatrims 07/28/05 SOLD UNITED STATES TREASURY NOTE 03.87S% JJ 31 I . O WTUFUTY OVER REF # G2093006 BI movos 07/28:05 SOW UNITED STATES TREASURY NOTE 03,87S% JJ 31 0 MATURITY GVER REF # G2093006 Al cam /05 07/11/05 BOUGHT FNMA-30YR(FNMA)GTD SETT,08, 04 ~ 05.600% 57110000 BS cenvos 07/07/05 SOW FNMA-30YR(FNMA)GTD SETT,08,04 05,500% 57310000 BS 0811/05 07/08/05 SOLD FNMA-30YR(FNMA)GM sErr.oaro4 05.500% 57250000 BS 08111/05 07/08/05 SOLD FNMA-30YR(FNMA)GTD SETT,08.04 101.006.600% 57250000 BS AS CF 070505 -23,000.000.00 99.8046 22.957.500.00 -50.000.000.00 99.8046 49.907.608.70 50.000.000.00 100.8828 50.441.406.25 -30.000.000.00 100.9687 30.290.625.00 -50,000.000.00 100.9609 50.480.470.00 -50,000.000.00 100.9609 50.480.468.75 027 07.30,0S:10:09 001 EFTA00196079 CLEARED THROUGH ITS WHOLLY OWNED SIXISCIAAY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 32 c? €2 Trades Executed Pending Settlement (continued) SETTLEMENT TRADE DATE DATE TRANSACTION CE RPT10,4 08/11/05 07/15/05 SOLD FNMA-30YR(FNMA)GTD SETT08.04 0 11006.500% 57180000 08/11/05 07/29/05 SOLD FNMA-30YR(FNMAJGTD SETT 08/04 05,500% 57090000 08/11/05 07/08/05 CANCEL SELL FNMA-30YR(FNMAJGTD SETT,08/04 05,500 57250000 AS OF 07/08,135 08/11/05 07/21/05 SOLD FNMA 30YR GTD SETT, 08/05 ~ 05,000% 57190000 TOTAL The abc•vr. <0 Inn %Veal m ry on* eeJnn 01 Iftri 1/a/v-nert End of Statement FINANCIAL TRUST CO INC STATEMENT PERKO Jul/ 1.2005 THROUGH Jul, 29. 2005 ACCOUNT NUMBER TAXPAYER WAXIER On File LAST STATEMENT June 30.2005 SOA80..00SP OuANTITY PRICE DEMI AMOUNT CREPT RAMO -30,000.000.00 100.8203 30.246.093.75 BS -40,000.000.00 100.5078 40,203,125.00 BS -50.000.000.00 100.9609 50,480,470.00 BS es -10,000.000.00 98.5937 9.859.375.00 $110.887.433.32 $284.425.266.20 027 07.300S:10:09 001 Vel% EFTA00196080 CLEARED THROUGH ITS WHOLLY OWNED SUESIOMIty BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSIIE wenv.bearstearns.cOm What's In This Statement ImIgIIIII I II Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 8 Trades Not Yet Settled 31 Your Messages 33 FINANCIAL TRUST CO INC 0/0 JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VAWE OF SECURITIES THIS PERIOD 3,442,681 LONG ACCRUED INTEREST 32,928 NET CREDIT BALANCE 359,965 NET EQUITY THIS PERIOD Cash 8 Equvialent $359•965 h 5122.206 Fated Income $3.442.681 $3.052.376 MI Current market va:ue $3,835,574 EN Last statements market value NET EQUITY LAST STATEMENT 3,201,652 CHANGE SINCE LAST STATEMENT 633,923 There are no 'Stop Loss' orders or other pending buy or sell open orders on tile for your account. FINANCIAL TRUST CO INC STATEMENT PERK* June 1.2005 THROUGH June 30.2005 ACCGCNT NUMBER TAXPAYER NUMBER On Flk LAST STATEMENT May 31.2006 SIM 1Wit stiftnata fa ^formational asnyoses only Itasca evaded &sates clowned This stationed should be retailed for your records See reverse ode for inpolare rtcHnatan 027 07.01.05:10:02 001 Confirmation: Unless we hear from you to the contrary. it is our understanding that any free credit balances in your account are being maintained to facilitate your intention to invest such amounts through us. V8931P EFTA00196081 CLEARED 'THROUGH ITS WHOLLY ORAEO SUTTGOMAv FINANCIAL TRUST CO INC 2 01 34 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 MIMS:10:42 001 Y002IP EFTA00196082 CLEARED THROUGH ITS WUCU.? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 3 Cl :14 Cash Flow Analysis THIS PERIOD Income Summary MS PERIOD YEAR TO DATE Opening Balance $122,205.83 U.S. Govt. Bond Int. 219,620.41 3.681.663.87 Govt. Agency Int. 714.775.88 4.112.621.91 Securities Sold 717,693,800.08 Corp. Bond Int. 197.231.04 792,702.92 Dividends Interest 1,131,949.13 Credit Balance Int. 321.80 3,545.51 Miscellaneous 1,878,994.73 Reverse Repurchase Int. 81,098.16 1.163.243.87 Amount Credited $720,704.743.94 Total $1 213 047.29 $9 753 778.08 Securities Bought -718,737,452.51 Bond Purchase Int. -208.273.77 -5.148,708.18 Dividends/Interest Charged -208,273.77 Repurchase Int. Exp. -215.571.53 -1.098,448.85 Miscellaneous -1,521.258.00 Amount Debited 5.720,466,984.28 Portfolio Composition Net Cash Activity 237,759.66 Cash/Cash Equivalent 359,965 ClosingBatance $359,965.49 Fixed Income 3.442,681 Total 53.802.646 Cash Balance Summary OPENNO CLOSING Margn 122,205.83 359,965.49 Net Cash Balance $122205.83 $359,965.49 027 07.019510:42 001 FINANCIAL TRUST CO INC STATEMENT PERK* June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER WEIMER On File LAST STATEMENT May 31.2005 Your Portfolio Allocation Cash 8 Equivalent- I— Fixed Income 91% Untivaed cone's Oenole debt baboce emit, OM male vela, The elocatir percent'', is Ormed Iron Vo etnol.te mrkel vSue of ,o to palioo V893IP EFTA00196083 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 4 Your Portfolio Holdings CASH & CASH EQUIVALENTS inAPxET ESIIMATED O:AP£M DESCPO')O/1 s•MBCL O-SIP OUANTIT1 PACE eA1.01. Amt,AL NXIIE 'SO I%) CASH BALANCE 359.965 TOTAL CASH & CASH EQUIVALENTS $359.965 FIXED INCOME CLEARED THROuGH ITS wuCtLY CA1T,E0 SUBSIDIARY Beer Stea•nt. Se •it' • FINANCIAL TRUST CO INC STATEMENT PERO) June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER WINER On File LAST STATEMENT May 31.2005 Government & Agency Obligations DESDPICTION ACC. S17/ECLCUSP 1-1q PEACE 'TAPPET VALLE ACCRUED MEREST ESTEEMED ANNUAL NCOEIE WRIT VELD O41 GOVERNMENT NATIONAL MTG ASSN MRGN 14.795.046 5.5884 826.803 16.191 582,925 70.5035 SERIES 2004-035 CUSS SP DATED DATE 05121/04 BOOK ENTRY ONLY DUE 12/20/2029 3.940% FACTOR — .90848224 GOVERNMENT NATIONAL MTG ASSOC MRGN 14.801.708 6.7511 999.284 SERIES 2004-041 CLASS SE DATED DATE 06/2304 BOOK ENTRY ONLY DUE 05,20/2030 FACTOR - .92150716 FEDERAL NATIONAL MTG ASSN MRGN 12.488.618 7.1598 894.164 6.393 460.206 51.4677 SERIES 2003.49 CLASS SW DATED DATE 04/3003 BOOK ENTRY ONLY DUE 01/25.'2033 3.685% FACTOR - .51379199 027 O7N1MS:1O:42 001 EFTA00196084 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 5 Your Portfolio Holdings (continued) Government & Agency Obligations (continual: OLSCR., 'ION 20a3OLCUSP TIPL °UMW PRICE IAARKET VALUE ACCRuE0 MEREST ESTedAREO ANNUAL INCOME CuRRGVr YELD ITN FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 DATED DATE 07/01/04 BOOK ENTRY ONLY DUE 07/01/2034 5000% FACTOR — .97992876 Total Government& Agency Obligations MRGN 1 20.6563 $2,720,251 $22,584 $1,043,131 Corporate Bonds DESCRIPTION STEMOUOJSP ACCT TYPE CIUMITIN PRICE MARKET VALUE ACCRUED INTEREST ESTEEMED ANNUAL INCOME CURFEW YEW ALTERNATIVE LOAN TRUST SERIES 2004-3005 CLASS 1-A-8 DATED DATE 12/27/04 BOOK ENTRY ONLY DUE 02/25/2035 2.010% FACTOR — .92636353 RATING: MOODY MA S&P MA Total CorporateBonds MRGN 37,054,541 1.9496 722.430 $722,430 10,344 $10.344 744,796 $744,796 103.0959 TOTAL FIXED INCOME $3,442,681 $32,928 $1,787,927 CLEARED limouGH ITS TACITLY CARTED SUODOTAIIT Beer Star TTI T FINANCIAL TRUST CO INC STATEMENT PERMO June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER Mach On Fae LAST STATEMENT May 31.2005 YOUR PORTFOLIOHOLDING$ACCRUED INTEREST $32,928 YOUR PORTFOLIONOLDINGSESTIMATED ANNUAL INCOME $1.787.927 YOUR PRICEDPORTFOLIONOLDINGS $3,802,646 027 07MITTIS:10:42 001 WINIP EFTA00196085 CLEARED THROUGH ITS WHOU.Y CAM*0 SUBSIONITY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 6 C/ :14 Repurchase and Reverse Repurchase Transactions with Bear,Stearns& Co. Inc. outstanding as of date of statement MMUS& REPURCHASE PRONG PURCHASE PRIES ACCRUED REPO CUANTIn START DATE DATE RATE PAINCPAL MEREST' (FACE AMOUNT) CUSP DESCRIPTION FINANCIAL TRUST CO INC STATEMENT PERK* June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER NA UER On File LAST STATEMENT May 31.2005 YOU SOLD FEDERAL NATIONAL MTG ASSOC (REPO) 06/10(05 07/12/05 3.420 -984,000 -1.963 -25.000,000 SERIES 2003-13 CLASS 4.685603/25133 YOU SOLD FANNIEMAE STRIP (REPO) 06/10(05 07/12/05 3.420 -11.102,000 -22.148 -30.000,000 SERIES 329 CLASS PO 12/01/32 YOU SOLD FANNIEMAE STRIP (REPO) 06/10(05 07/12/05 3.420 -5.241,000 -10.455 -10.000,000 SERIES 346 CLASS PO 11/01)33 YOU SOLD FEDERAL HOME LOAN STRIP (REPO) 06/10(05 07/12/05 3.420 -3.756.000 -7.493 -20.000,000 SERIES 227 CLASS 10 5.0000 12/01/34 YOU SOLD FREDDIEMAC STRIP (REPO) 06/10/05 07/12/05 3.420 -2.762.000 -5.510 -20.000.000 SERIES 228 CLASS 10 6.0000 02/01/35 YOU SOLD FEDERAL HOME LOAN MTG CORP (REPO) 06/10/05 07/12/05 3.420 -206.000 -410 -4.000.000 SERIES 2886 CLASS SC 4.0800 07/15/19 YOU PROVIDED FEDERAL NATIONAL MTG ASSOC (MARGIN) 06/10/05 OPEN 0.000 -25,000,000 SERIES 2003-52 CLASS 3.7856 07/25/17 YOU SOLD FANNIE MAE STRIPS (REPO) 06/16/05 07/18/05 3.460 -14.345,000 -20.680 -23,000,000 SERIES 352 CLASS PO 07101/34 YOU SOLD FANNIEMAE STRIP (REPO) 06/17/05 07/12/05 3.360 -3.652,000 -4.771 -10,000,000 SERIES 329 CLASS PO 12/01/32 YOU SOLD FANNIEMAE STRIP (REPO) 06/17/05 07/12/05 3.360 -10,000,000 -13.066 -20,000,000 SERIES 346 CLASS PO 11/01/33 YOU SOLD USTR 4.1250 05/15/15 (REPO) 06/22/05 OPEN 2.800 -28,210.000 -16.134 -28.000.000 027 07,0105:10:42 001 V891D EFTA00196086 CLEARED THROUGH ITS WHOU.Y OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 7 C/ :14 Repurchase and Reverse Repurchase Transactions (continued) with Bear,Stearns& Co.inc.outstanding as of date of statement (continued) MICHAS& START DATE RENRCHASE DATE PRiCe4 RATE PURCHASE PRICE; PRINCPAL ACCAuE0 REPO MEREST' GUMMY (FACE AMOUNT) CUSP DESCRIPTOR YOU SOLD GOVERNMENT NATIONAL MTG ASSOC (REPO) 06/23(05 07/13/05 3.370 -2,515,000 -1.883 -26.400,000 SERIES 2004-5 CLASS P 3.6900 02/20/33 YOU SOLD FEDERAL NATIONAL MTG ASSOC (REPO) 06/27/05 OPEN 0.010 -1 -25.000.000 SERIES 2003-13 CLASS 4.6856 03/25/33 YOU SOLD GOVERNMENT NATIONAL MTG ASSOC (REPO) 06/27/05 OPEN 0.010 -1 -27,112,874 SERIES 2004-30 CLASS 3.940002/20/32 YOU SOLD FEDERAL HOME LOAN MTG CORP (REPO) 06/27/05 OPEN 0.010 -1 -5,724,538 SERIES 2886 CLASS SC 4.0800 07/15/19 YOU SOLD FANNIE MAE STRIPS (REPO) 06/30/05 08/01/05 3.540 -6,373,000 -626 -10,000,000 SERIES 352 CLASS PO 07/01/34 YOU SOLD FANNIE MAE STRIP (REPO) 06/30/05 08/01/05 3.540 -1.737.000 -170 -10.000.000 SERIES 353 CLASS 10 5.0000 07/01/34 YOU SOLD FEDERAL HOME LOAN STRIP (REPO) 06/30/05 08/01/05 3.540 -1.861,000 -183 -10.000.000 SERIES 227 CLASS 10 5.0000 12/01/34 YOU BOUGHT USTR 3.5000 05/31/07 (REVERSE) 06/27/05 OPEN 2.310 34.127500 10,115 34.000.000 TOTAL REVERSE REPURCHASETRANSACTIONS $34.127.500 $10.115 TOTAL REPURCHASE TRANSACTIONS $.92.744.003 S.105.492 •As CC ililtrant arx FINANCIAL TRUST CO INC STATEMENT PERKO June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER PARSER On Fite LAST STATEMENT May 31.2005 027 MOMS:W:42 001 V8911> EFTA00196087 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 8 Transaction Detail INVESTMENT ACTIVITY CLEARED 114nouGH ITS TensEm.Y GUTTED SUBSIDIARY Beer Sown TT: T FINANCIAL TRUST CO INC STATEMENT PERIOD June 1.2005 THROUGH June 30.2005 ACCOUYT NUMBER TAXPAYER WINGER On File LAST STATEMENT May 31.2005 SETTLEMENT DATE TRADE DATE TRANSACTION DESCRIPTION STIA3OUCUSV CVATAITITY ProcE DEEM AMOUNT CREDIT MONO 06/01/05 JOURNAL FEDERAL NATIONAL MTG ASSN -1 SERIES 346 CLASS 1 OUE 11/01133 06/02/05 05/27/05 BOUGHT ALTERNATIVE LOAN TRUST MEI 37.701.414 2.15625 812,936.74 SERIES 2004.3008 CLASS 1-A.8 ACCR. INT. 14,734.97 57050000 BS 06/02/05 06/01/05 BOUGHT UNITED STATES TREASURY NOTE MEI 25.000.000 100.07031 25,017,578.13 03,500% MN 31 ACCR. INT. 4,781.42 MATURITY GVER REF # 01524054 Al 06/03/05 06/02/05 BOUGHT UNITED STATES TREASURY NOTE 40.000.000 101.82813 40,731,250.00 04.125% MN IS ACCR. INT. 85.190.22 MATURITY GVER REF # G1535384 Al 0610/05 06/09/05 SOLD UNITED STATES TREASURY NOTE -25.000.000 99.73438 24,933,593.75 03.500% MN 31 ACCR. INT. 23,907.10 MATURITY GVER REF # G1605088 Al 06/13/05 06/10/05 SOLD UNITED STATES TREASURY NOTE MEM -17.000.000 100.89063 17.151.406.25 04.125% MN 15 ACCR. INT. 55,261.55 0 MATURITY GVER REF # G1642765 Al AS OF 06/10/05 06/14/05 06/13/05 BOUGHT UNITED STATES TREASURY NOTE EMI 4.000.000 100.34375 4,013,750.00 04.125% MN IS ACCR. INT. 13,451.09 MATURITY GVER RE? It G1644185 Al 027 07JOIDIS:10:42 001 Ye9301 EFTA00196088 CLEARED THROuGH ITS WITOM.Y GMED SUBSIDIAny BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 9 C/ :14 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION DESORPTION SIOIDOLCUSIP CAMPENTE EKE DENT AMOUNT OREM AMOUNT 06/16/05 06/10105 SOLD UNITED STATES TREASURY NOTE -17,000.000 100.89844 17,152,734.38 e 04.125% MN 15 ACCR. INT. 55,261.54 . 0 MATURITY GVER REF It 01672882 Al ORIGINAL SD 06/1305 AS OF 06116,05 06/17/05 06/14/05 SOLD FEDERAL NATIONAL MTG ASSN EMI .10.321.800 81.81250 8.444.522.75 SERIES 329 CLASS PO STRIP IWO* 57200000 BS 0617/05 06/14/05 BOUGHT FEDERAL NATIONAL MTG ASSN 13.929.377 82.01563 11.424.265.93 SERIES 346 CLASS 1 57130000 BS 06/20/05 JOURNAL FEDERAL NATIONAL MTG ASSN -1 SERIES 329 CLASS PO OUE 01/01/33 STRIP 06/20/05 PRINCIPAL GOVERNMENT NATIONAL MTG ASSN 1111M -153,742 SERIES 2004-035 CLASS SF' 4.110 DUE 1212029 PRINCIPAL REDUCTN 06-20-05 06/20/05 PRINCIPAL GOVERNMENT NATIONAL MTG ASSOC -139.052 SERIES 2004-041 CLASS SE DUE 05020/30 PRINCIPAL REDUCTN 06-20-05 06,22105 06/21/05 SOLO UNITED STATES TREASURY NOTE -20.000.000 100.37500 20.075.000.00 04.125% MN 15 ACCR. INT. 85.190.22 MATURITY GVER REF # G1722863 Al FINANCIAL TRUST CO INC STATEMENT PERKO June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER WEISER On File LAST STATEMENT May 31.2005 027 07i01.136:10:42 001 Y893iP EFTA00196089 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 10 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTOR DESCRIPTION SW00ECUSP OVANTITY PRiCE DEBIT AMOUNT CREPT MASUNT 06/27/05 06/27/05 06/27/05 C6,27/05 C6,27/05 C6,27/05 06/27/05 06/28/05 06/24/05 BOUGHT PRINCIPAL PRINCIPAL PRINCIPAL PRINCIPAL PRINCIPAL PRINCIPAL JOURNAL UNITED STATES TREASURY NOTE 03,500% MN 31 . MATURITY GVER REF # G1753133 Al FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 01/01/33 STRIP PRIN RID 05-05 PA3 06-25-05 REPO P 8I 0,0000 FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 01/01/33 STRIP PRIN RID 05.05 PA 06-25-05 REPO P 8I 0.0000 FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW 3,910 DUE 01/25/33 PRINCIPAL REDUCTN 06-25-05 FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE 11/01133 PRIN RID 05-05 PA 06-25-05 REPO P 8I 0,0000 FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0,001 DUE 07/01/34 PRIN RID 05-05 PM 06-25-05 REPO P 8I 0.0000 ALTERNATIVE LOAN TRUST SERIES 2004-3008 CLASS 1-A-8 1,785 DUE 02/25/35 PRINCIPAL REDUCTN 06-25-05 FANNIE MAE CMO/SERIES 2003-13 S RCII-1/0 FLTR MI= 20.000,000 ACCR. INT. -244.441 -646.873 1 99.83594 19,967,187.50 51.639.34 289,16720 298,41823 145,914.10 371.609.85 CLEARED IHROuGH ITS mEOLLY OUT*0 SODOMITE, BOW Steam Tir T FINANCIAL TRUST CO INC STATEMENT PERIOD June 1.2005 THROUGH June 30.2005 =COURT NUMBER TAXPAYER MASSER On File LAST STATEMENT May 31.2005 4,685 DUE 03/25/33 027 070)1,136:10:42 001 I/8931P EFTA00196090 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 11 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE 06/30/05 06/28/05 06/30/05 06/28105 06/30/05 06/28/05 TRANSACTION BOUGHT DESCRIPTION FEDERAL NATIONAL MTG ASSN SEAMS 352 CLASS 1 1011.1 500.001% 7180000 BS SOLD FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 05.000% 7100000 BS ACCRUES ON 1ST. PAYS ON 251H BOUGHT FEDL HOME LOAN MTG CORP#S10109 SERIES 227 U455 10 Qy1AE■ 15057.104:1 BS TOTAL INTEREST DATE DESCRPTION 06/01/05 AVG BAL 200,424RT 1.864 021 OFFICE INTEREST 0505 06/15/05 FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS 10 DUE 12/01/2034 5.000 INT RID 05-05 PM 06-15-05 REPO P &I 5.0000 06/15/05 FREDDIE MAC CMCVSERIES 2886 SC-I/O RTR DUE 07715/2019 LOBO INT RID 05-05 ND 06-15-05 REPO P &I 4.2100 CLEARED THROuGH ITS YiliCtLY OW,E0 SUBSIDIARY Beer Ster T FINANCIAL TRUST CO INC STATEMENT PERO) June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER MANNER On Re LAST STATEMENT May 31.2005 50.100-.CuSP OtIONTITC Pala DEBIT AMOUNT CROW MONO 8,518,623 83.45313 7,109,057.52 -9,170.234 20.59375 1,888,495.25 ACCR. INT. 36,935.67 9,552,843 21.17188 2.022,516.00 ACCR. INT. 38.476.73 5-111,306,815.59 $91,007,418.84 QUANTITY RATE IPA mot AMOUNT CnEDrl AMOUNT 321.80 5.0000 80,303.34 4.0800 12.618.14 027 ODOIA3S:10:42 001 LOUP EFTA00196091 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 12 Transaction Detail (continued) INTEREST (continued) CLEARED THRouom ITS yniCyty OmYEO SUEIROany Beer Sean FINANCIAL TRUST CO INC STATEMENT PERIOD June 1.2005 THROUGH June 30.2005 AccouNT NUMBER TAXPAYER AMMER On File LAST sTATEmENT May 31.2005 DATE DESORPTION SYMBOAUSIP PAMIR, RATE BYI DEBIT AMOUNT CREW AMOUNT 06/15/05 FREDDIE MAC CMO/SER1ES 2886 4.0800 18,058.26 SC-VO RTR DUE 07/15/2019 4,080 INT RID 05-05 Pin 06-15-05 REPO P &I 4.2100 06/15/05 FEDL HOME LOAN MTG CORP#S10110 6.0000 91,828.76 SERES 228 CLASS 10 DUE 02,01/2035 6,000 INT RID 05-05 PA 06-15-05 REPO P &I 6,0000 06/20/05 GOVERNMENT NATIONAL MTG ASSN 1.1111111. 3.8600 56,613.33 SERES 2004-S CLASS PS DUE 02/20/2033 3,860 INT RID 05.05 PA 06-20-05 REPO P 8I 3,8600 06/20/05 GOVERNMENT NATIONAL MTG ASSN 3.8600 84,920.00 SERES 2004-S CLASS PS DUE 02/20/2033 3,860 INT RID 05.05 PAI 06-20-05 REPO P &I 3,8600 06/20M5 GOVERNMENT NATIONAL MTG ASSN 4.1100 84.591.78 SERES 2004-30 CLASS SU DUE 02/20/2032 4,110 INT RID 05-05 PM 06-20-05 REPO P 8I 4,1100 06/20/05 GOVERNMENT NATIONAL MTG ASSN MEW 4.1100 51,199.60 SERES 2004-035 CLASS SP DUE 12/20/2029 4,110 INTEREST PAYMENT 06-20.05 06/20/05 GOVERNMENT NATIONAL MTG ASSOC MIS 51,172.10 SERES 2004-041 CLASS SE DUE 05120/2030 0,000 INTEREST PAYMENT 06-20.05 06/27/05 FANNIE MAE CMG/SERIES 2003-13 4.9100 25,851.29 S RTR DUE 03/25/2033 4,910 INT RID 05-05 PM 06-25-05 REPO P 8I 4,9100 027 07'01MS:10:02 001 Y893IP EFTA00196092 BW STD;RNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 13 Transaction Detail (continued) INTEREST (continued) CLEARED THROUGH ITS %THOU.? ORY.E0 STICIDO/ARY Beer Sier FINANCIAL TRUST CO INC STATEMENT PERIOD June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER RUMMER On FM tar STATEMENT May 31.2005 DATE DESCRPTION SYMIXIXCUSIP OWAMW MEN DEMTAMOUNT CREW AMOUNT 06/27/05 FANNIE MAE CMG/SERIES 2003-13 4.9100 25,851.29 S RCR-MO RIR DUE 03/25/2033 4.910 INT RID 05.05 PA) 06-25-05 REPOP 8I 4.9100 06/27/05 FANNIE MAE CMCVSERIES 2003-13 4.9100 51.702.58 S RCR-VO RIR DUE 03/25/2033 4,910 INT RID 05.05 PA) 06-25-05 REPOP 8I 4.9100 06/27/05 FEDERAL NATIONAL MTG ASSN ~I 3.9100 41.488.55 SERES 2003-49 CLASS SW DUE 01/25/2033 3.910 INTEREST PAYMENT 06-25.05 06/27/05 FANNIE MAE CMG/SERIES 2003-52 ~I 4.0100 58.317.45 KS-RO RIR DUE 07/25/2017 4.010 INT RFD 05.05 PA) 06-25-05 REPOP &I 4.0100 06/27/05 FEDERAL NATIONAL MTG ASSN 5.0000 77.405.30 SERES 353 CLASS 2 DUE 07/01/2034 5,000 INT RID 05.05 PA) 06-25-05 REPO P 8I 5.0000 06/27/05 ALTERNATIVE LOAN TRUST 1.7850 63.149.48 SERES 2004-30CB CLASS 1-A-8 DUE 02/25/2035 1.785 INTEREST PAYMENT 06-25.05 TOTAL $875,393.05 027 OX0145202 001 MOW EFTA00196093 CLEARED IHROuGH ITS WHOLLY OLWEI> SUBSIDIAny BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 14 0 '31 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stearns& Co. Inc. SETTLEMENT TRMX DATE DATE TRANSACTION DESCRPTICII SYMEICIJICUSIP OVAMITY CESIT AMOUNT CREDIT AMOUNT 06/01/05 06/01/05 06.01/05 06/02/05 06 02 05 06/02/05 06/03/05 JOURNAL JOURNAL JOURNAL RECEIVED DELIVERED INTEREST JOURNAL FREDDIE MAC CMO/SERIES 2886 SC-DO FLTR 0,21010.19 FITM A2 TERM MENT FREDDIE MAC CMOSERIES 2886 SC-VO RJR 4,210 DUE 07/I 5119 FITM F1523444 Al REPO AGREEMENT FREDDIE MAC CMO/SERIES 2886 SC-VO RJR 0,210 19 FITM AI REPO A UNITED STATES TREASURY NOTE DUE 05/3I/2007 3,500 3,500 OW FITM Al RESALE UNITED STATES TREASURY NOTE DUE DWI/2007 3,500 3,50 30. 7 FITM A2 TERM e EEMENT UNITED STATES TREASURY NOTE DUE ose3.uoplz"M _.moo FREDDIE MAC CMCVSERIES 2886 SC-VO FUR 1,210 DUE 07/15/19 FITM F1523404 A2 TERM REPO AGREEMENT MI= 8,743,867 -5.147.247 -3.596.620 29.000.000 -54,000.000 5,147,247 29,072,500.00 209,000 00 54.000.000.00 8,445.00 FINANCIAL TRUST CO INC STATEMENT PERGO June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER MAGER On File LAST STATEMENT May 31.2005 027 OTGIEIS:10:42 001 Y8927 EFTA00196094 CLEARED THROUGH ITS WUCU.? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 15 0 'm Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) FINANCIAL TRUST CO INC STATEMENT PERK* June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT May 31.2005 SETTLEMENT TMDE DATE DATE TRANSACTION DESCRPRON SYMBOucestp Gummy OW AMOUNT CREDIT AMOUNT 06/03/05 JOURNAL FREDDIE MAC CMCVSERIES 2886 -5.147,247 288,000.00 SC-1/0 FLTR 4,2100.0019 FITM Al REPO 06 03 05 JOURNAL UNITED EASURY NOTE FITM A2 4,125 15 TERM REPO AGREEMENT 06 03 05 JOURNAL UNITED EASURY NOTE FITM Al 4,125 15 REPO AGREEMENT 06/03/05 INTEREST UNITED STATES TREASURY NOTE DUE 053110. 4,125 FITM A2 REPO I 06/10/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 01101/33 STRIP FITM REM 02 TERM MEAT 06/10/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 01/01/33 STRIP FITM AM. Al REPO 0610;05 JOURNAL FANNIE MAE CMOiSERIES 2003-13 S RCR-I10 FLTR 4,910 FITM WI REPO A 38.000.000 38.095.000.00 78.000.000 79.462.500.00 19.661.25 14.773.724 10.851.000.00 -14,773.724 11.102.000.00 -6.318.034 492.000.00 027 07.01,05:10:42 001 VOIR EFTA00196095 CLEARED THROUGH ITS OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 16 C! Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TWISACRON DESCRPTXR1 SYMECIJICUSIP IXJANTITI DEBIT AMOUNT CREDIT AMOUNT 06/10/05 JOURNAL FANNIE MAE CMO/SERIES 2003-13 6.318.034 525,000.00 S RCR-110 FLTR 4.910 FITMNIP TERM MENT 06/10/05 JOURNAL FANNIE MAE CMO/SERIES 2003-13 -12.636.068 984,000.00 S RCR-I(0 FLTR 4,910 FITM 1.1 REPO A 06/10/05 JOURNAL FANNIE WE CMCSERIES 2003-13 12.636.068 996.000.00 S RCR-I10 FLTR 4,91031 3 FITM A2 . TERM MENT 06/10/05 JOURNAL FANNIE ME CMO/SERIES 2003-52 MIK .17,451.605 FLTR 4.010 7 FITM Al lilt REPO A 06/10/05 JOURNAL FANNIE WE CMO/SERIES 2003-52 17,451.605 1,008,000.00 KS-Ito FUR 4.010 17 FITM A2 TERM ENT 06/10/05 JOURNAL FANNIE MAE CMO/SERIES 2003-52 .17A51.605 1.014.000.00 KS-I/0 FLTR 4.010 17 FITM Al REPO A 0610/05 JOURNAL FANNIE MAE CMCVSERIES 2003-52 17,451.605 1,014,000.00 KS-I/O FLTR FINANCIAL TRUST CO INC STATEMENT PERK* June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER NLAISER On File LAST STATEMENT May 31.2005 4 010 17 Flat A2 REPO A 027 07.014510:42 001 VOIR EFTA00196096 CLEARED THROUGH ITS WHOU.Y OMBED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 17 C! Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TWISACTION DESORPTION 08110/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE 11 FRM A2 TERM ENT 06/10/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE I V ATM CI REPO A 06/10/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU 4.110 3.2 FITM BI REPO A 08110/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU 4.1103.32 HIM BZ TERM MENT 08110/05 JOURNAL FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS 10 5.000 F1TM WI REPO A 08/10/05 JOURNAL FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS 10 5,000 FITM 3. 34C2 TERM MENT 0610,05 JOURNAL FREDDIE MAC CMUSERIES 2886 SC-A3 FUR 4 210 19 HIM Al REPO A SYMBOLICuStE MAMMY MINT AMOUNT 6.964.688 3.800.000.00 FINANCIAL TRUST CO INC STATEMENT PERK* June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER KAISER On File LAST STATEMENT May 31.2005 CREDIT AMOUNT .6.964.688 5.241.000.00 -24.698.329 1,297,000.00 24,698.329 1.340.000.00 .19,105.686 3.756.000.00 19,105.686 3,951,000.00 .3.596.620 206,000.00 027 07i01,05:10:02 001 Y89.31R EFTA00196097 CLEARED THROUGH ITS WHOLLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 18 cI m Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPSCR1 06410/05 JOURNAL FREDDIE MAC CMO/SERIES 2886 SC-YO FLTR 4.210111019 FITM AZ TERM MENT 06/10/05 JOURNAL FREDDIE MAC CMCVSERIES 2886 SC-YO FLTR 4,210 19 FITM AZ TERM MENT 06/10/05 JOURNAL FREDDIE MAC CMQ SERIES 2886 SC-YO FUR 4.210 11.19 FITM Al REPO A 06/10/05 JOURNAL FEDL HOME LOAN MTG CORP#510110 SERIES 228 CLASS 0 6,000 FITM 11.31 REPO A 06/10/05 JOURNAL FEDL HOME LOAN MTG CORP#S10110 SERIES 228 CLASS 0 6,000 FITM Filar3Z TERM MENT 06/10/05 DELIVERED UNITED STATES TREASURY NOTE DUE 05131/2007 3,500 3,500W 7 FITM A2 TERM e WENT 0610;05 RECEIVED UNITED STATES TREASURY NOTE DUE 05131/2007 3.500 3 SOO F 7 lat Al RESALE FINANCIAL TRUST CO INC STATEMENT PERIOD June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER NL1M8ER On File LAST STATEMENT May 31.2005 SYMEICIJICUSIP °UNDID DEBIT AMOUNT CREDIT AMOUNT 3,596,620 209,000.00 5.147,247 288,000.00 -5.147.247 296.000.00 -17,959.702 2.762.000.00 17,959.702 3,000,000.00 -29,000.000 29,072,500.00 54.000.000 54,067,500.00 027 ODOIXIS:10:42 001 WIRIP EFTA00196098 CLEARED THROUGH ITS WHOU.Y OMBED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 19 CI Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRACE DATE DATE TWISACRON DESCRPRON SYMBOL,CvStP DVANNlY OMIT AMOUNT CREDIT AMOUNT 06/10/05 DELIVERED UNITED STATES TREASURY NOTE -54.000.000 54.067.500.00 DUE 05131/2007 3.500 3.500 DOH 06/10/05 RECEIVED UNITED STATES TREASURY NOTE 54,000.000 54,067,500.00 DUE 05(31/2007 3.500 3.500 7 FITM A3 RESALE 06/10/05 DELIVERED UNITED STATES TREASURY NOTE -54.000.000 54.067,500.00 DUE 05(3I/2007 3.500 3.500 01.K7 FITM A4 RESALE T 06/10/05 RECEIVED UNITED STATES TREASURY NOTE MI= 54.000.000 54.067.500.00 DUE 05/31;2007 3.500 3.500 RIM AS 1111)7 RESALE T 06/10/05 INTEREST FEDERAL NATIONAL MTG ASSN 29.749.82 SERIES 329 CLASS PO STRIP DUE Mai" 0,000 RIM OZ REPO I 06/10/05 INTEREST FANNIE MAE CMO/SERIES 2003-13 721.88 S RCR443 FLTR DUE 031 4.910 FITM AZ REPO I 06/10/05 INTEREST FANNIE MAE CMO/SERIES 2003-13 1.911.49 S RCR-I(0 FLTR FINANCIAL TRUST CO INC STATEMENT PERK* June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER NV's:1ER On File LAST STATEMENT May 31.2005 DUE 03/ 49I 0 RIM AZ REPO I 027 07JOIA3S:10:42 001 ',SUP EFTA00196099 CLEARED THROUGH ITS WHOU.Y OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 20 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TR/MACRON DESCRPRON SYMBOLDVSIP OVANDO DEBIT AMOUNT CREDIT AMOUNT 06/10/05 INTEREST FANNIE MAE CMO/SER1ES 2003-52 2,210.88 KS-I/0 FLTR DUE 073 4.010 FITM AZ REPO I 06/10/05 INTEREST FEDERAL NATIONAL MTG ASSN 5.556.44 SERIES 346 CLASS I DUE 11 0.000 FITM A2 REPO I 06/10/05 INWREST GOVERNMENT NATIONAL MTG ASSN 2.939.07 SERIES 2004-30 CLASS SU DUE 0Z 4.110 FITM BZ REPO I 06/10/05 INTEREST FEDL HOME LOAN MTG CORP#S10109 5.777.24 SERIES 227 CLASS 0 DUE 17 . 6.000 FITM CZ REPO I 06/10/05 INTEREST FREDDIE MAC CMCVSERIES 2886 171.90 SC-I/O FUR DUE 07:1110 4.210 FITM AZ REPO I 06/10/05 INTEREST FREDDIE MAC CMCVSERIES 2886 184.24 SC-n3 FUR DUE 07.01. 4.210 FITM AZ REPO I 0610105 INTEREST FEDL HOME LOAN MTG CORP#S10110 4.386.67 SERIES 228 CLASS 10 FINANCIAL TRUST CO INC STATEMENT PERM June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER AILAITER On Fee LAST STATEMENT May 31.2005 DUE 0 6000 FITM BZ REPO1 027 07.01/05:10:42 001 VOIR EFTA00196100 CLEARED THROUGH ITS WHOU.Y OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 21 Ci N Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESERTION SYMECIJEUSIP WNW, DEBIT AMOUNT CREDIT AMOUNT 06/10/05 INTEREST UNITED STATES TREASURY NOTE 16.918.58 DUE 05e=2001.7_ IMP "_3.500 06/13x05 JOURNAL FANNIE MAE CIAO:SERIES 2003-13 6,318,034 S RCR-Ii0 FLTR 4,910 FITM A2 TERM MENT 06/1=5 JOURNAL FANNIE MAE CMO/SERIES 2003-13 -6318034 S RCR-1/0 FLTR 4,910 FITM At REPO A 06/1=5 JOURNAL GOVERNMENT NATIONAL MTG ASSN 26.400.000 SERIES 2004-5 CLASS PS 3,860 FITITA TERM ENT 06/13/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN MIK 26.400.000 2.000.000.00 SERIES 2004-5 CLASS PS 3,860 FITM Bi REPO A 06.(13/05 JOURNAL UNITED TATE TREASURY NOTE -61.000.000 61.152.500.00 FITM Al 4,125 15 REPO AGREEMENT 06/13M5 JOURNAL UNITED TATES TREASURY NOTE 78.000.000 79,462,500.00 FITM A2 4,125 15 TERM REPO AGREEMENT 06113x05 INTEREST UNITED STATES TREASURY NOTE 30,681.35 FINANCIAL TRUST CO INC STATEMENT PERK* June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER WhISER On Fite LAST STATEMENT May 31.2005 DUE 051 lli 4.125 FITM A2 REPO I 027 07,0105:10:42 001 VOIR EFTA00196101 CLEARED THROUGH ITS WHOU.Y OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 22 Ill Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS SETTLEMENT DATE 06/14/05 TATDE DATE TRANSACTION JOURNAL DESCRPOCH UNITED TATES TREASURY NOTE FITM A2 4,125 15 TERM REPO AGREEMENT (continued) 06/14/05 JOURNAL UNITED FILM 4,125 REPO AGREEMENT EASURY NOTE Al 5 06/14/05 INTEREST UNITED STATES TREASURY NOTE DUE 051 4,125 ATM A2 REPO I 06/16/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 01101/33 STRIP ATM Jim CI REPO A 06,1665 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 01101/33 STRIP ATM REM EZ TERM MENT 06,1665 JOURNAL FANNIE MAE CMOSERIES 2003-13 S RCR-00 FUR 4,91030. 3 ATM A2 TERM MENT 06,16,05 JOURNAL FANNIE MAE CMOSERIES 2003-13 S RCR-I/0 FUR 4,910 IN F1TM A3 REP OS A FINANCIAL TRUST CO INC STATEMENT PERIOD June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER NLAISER On Fite LAST STATEMENT May 31.2005 STMISOLCvSty CAJNOITY DEBIT AMOUNT CREDO AMOUNT 61.000,000 61,152,500.00 -65.000,000 65.081.250.00 2,072.39 SIM -15,246,375 11,253,000.00 15,246,375 11.334.000.00 6,318,034 MIS -6.318.034 027 MOMS:10:42 001 T89.31P EFTA00196102 CLEARED THROUGH ITS YiHOLLY OMED SUOSIDIAny BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 23 c! '31 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TWISACKIN DESCRP111711 06/16/05 JOURNAL FANNIE MAE CMOiSERIES 2003-13 S RCR-I/0 FLTR 4,910m r FITM Al REPO 06/16/05 JOURNAL FANNIE MAE CMO/SERIES 2003-13 S RCR-I/0 FLTR 4,910 FITM REPO A 06/16/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0,001 FITM BI REPO A 06/16/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0,001 FITM DZ TERM MENT 06 16 05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 FITM 1.3 REPO P. 06,1605 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 ..34 FITM Al REPO A 06,16,05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 FITM WA2 REPO A SYMBOL:Cl/SIP FINANCIAL TRUST CO INC STATEMENT PERIOD June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER NLAISER On PIM LAST STATEMENT May 31.2005 OUNYTITY 01931T AMOUNT CREDIT AMOUR' -6.318,034 507,000.00 6.318,034 507,000.00 -19.592.834 14,345,000.00 19,592.834 14.434.000.00 -18,340.469 2.700.000.00 -18,340.469 3.703.000.00 18,340.469 3,703,000.00 027 07i01.135:10:42 001 Y893iP EFTA00196103 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. =Pm 24 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SETTLEMENT TRACE DATE DATE TWC3ACRON DESCRPRON 06/16/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 F CZ TERM MENT 06,16i05 JOURNAL UNITED EASURY NOTE FITM AI 4,125 15 REPO AGREEMENT 06 16 05 JOURNAL UNITED EASURY NOTE FITM A2 4,125 15 TERM REPO AGREEMENT 06/1&05 INTEREST FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO STRIP DUE 013.01 0.000 FITM EZ REPO I 06/16/05 INTEREST FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 DUE 07 0001 FITM DZ REPO I 06/16/05 INTEREST FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 DUE 07.0 5.000 FITM CZ REPO I 06/16(05 INTEREST UNITED STATES TREASURY NOTE DUE 051 4025 FITM R2 REPO I CLEARED THROuGH ITS wisCtLY EAM,E0 SUEISIOally Beer Steam. Se •it' • FINANCIAL TRUST CO INC STATEMENT PEF000 June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER WEISER OR He LAST STATEMENT May 31.2005 STMECL,CVSIP DEBIT AMOUNT CREDIT AMOUNT 18,34°4°1'11 0,46i; 3,844,000.00 -48.000,000 48.060.000.00 65,000.000 65.081.250.00 32,109.85 40.892.32 10.890.27 5,260.73 027 01i01,06:10:42 001 V893IP EFTA00196104 CLEARED THROUGH ITS INHOU.Y 01M*0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 25 c131 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) FINANCIAL TRUST CO INC STATEMENT PERK* June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER WhISER On File LAST STATEMENT May 31.2005 SETTLEMENT MIX DATE DM TWCACRON DESORPTION SYMEICIJCUSIP WAWITY DEBIT AMOUNT CREDIT AMOUNT 06/17/05 JOURNAL FEDERAL NATIONAL MTG ASSN -4,924,574 3.652.000.00 SERIES 329 CLASS PO DUE 01101/33 STRIP ATM INF Al REPO A 06/17/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 01101/33 STRIP FITM C2 TERM FOIMPAENT 06/17/05 JOURNAL FANNIE MAE CMO/SERIES 2003-52 KS-I/0 FUR 4,010 17 FITM A2 TERM ENT 06/17/05 JOURNAL FANNIE MAE CMO/SERIES 2003-52 KS-I/0 FUR 4,010 7 FITM A3 TERM MENT 0617/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS DUE I 1 FITM MIR A3 REPO A 06;17/05 JOURNAL FEDERAL NATIONAL IvITG ASSN SERIES 346 CLASS DUE II FITM Al REPO A 06/17/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE lila. FITM A2 REPO A 15,246.375 11.253.000.00 17,451,605 -17451.605 -13929377 10.000.000.00 -13,929377 10.342.000.00 13.929,377 10,342,000.00 027 07,0105:10:42 001 VOIR EFTA00196105 CLEARED THROuGH ITS WHOLLY OLWEI> SUOSIDIAny BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 26 ci '31 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRACE DATE DATE TRANSACTION DESCRPTION SYMEICMCUSIP CVANTITY OEINT AMOUNT 06/17/05 INTEREST FEDERAL NATIONAL MTG ASSN 1,081.54 SERIES 329 CLASS PO STRIP DUE 013101 0,000 FITM C2 REPO I 06/22(05 JOURNAL UNITED EASURY NOTE FITM Al 4,125 15 REPO AGREEMENT 06/22(05 JOURNAL UNITED T EASURY NOTE FITM A2 4,125 15 TERM REPO AGREEMENT 06/22(05 INTEREST UNITED STATES TREASURY NOTE DUE 0531111 4,125 FITM A2 REPO I 06/23/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 3,690 • FITM 82 TERM MENT 06/23/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004.5 CLASS PS 3.690 FITM Al REPO A 06/23/05 INTEREST GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS DUE 02/10 3,690 ATM 82 REPO I 06/27/05 JOURNAL FANNIE MAE CMOSSERIES 2003-13 S RCR-I/0 FLTR 4,910 FITM INCI14 TERM ENT FINANCIAL TRUST CO INC STATEMENT PERGO June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT May 31.2005 CREDIT AMOUNT -28.000.000 28.210.000.00 48,000.000 48.060.000.00 10.439.70 26.400.000 2.000.000.00 -26.400.000 2.515.000.00 1.872.22 6.196.744 027 07GIEIS:10:42 001 Y893E EFTA00196106 CLEARED THROUGH ITS yalCu.Y OmED SUBSIDIAny BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 27 131 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPRON 06/27/05 JOURNAL FANNIE MAE CMOiSERIES 2003-13 S RCR-I(0 FLTR 4,910Amr FITM 81 REPO 06/27/05 JOURNAL FANNIE MAE CMOSERIES 2003-13 S RCR-I(0 FLTR 4,910 FITM 31.2 TERM MENT 06/27/05 JOURNAL FANNIE MAE CMOSERIES 2003-13 S RCR-I10 FLTR 4,910)0. 3 FITM A2 TERM MENT 06/27/05 JOURNAL FANNIE MAE CMO/SERIES 2003-13 S RCR-I0 FLTR 4,910M RIM A E S TERM ENT 06/27/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004.30 CLASS SU 3,940 all#32 FIRM C1 REPO A 06/27/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004.30 CLASS SU 3,94031.1 FITM 82 TERM ENT 0627/05 JOURNAL FREDDIE MAC CMO/SERIES 2886 SC-VO RJR 4 0 Firm80 REPO A 19 Al SYMBOLCvSp FINANCIAL TRUST CO INC STATEMENT PERIOD June 1.2005 THROUGH June 30.2005 AccouNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT May 31.2005 CUMIN), DEBIT AMOUNT CREOr AMOUNT -12.393A89 6.196.744 492,000.00 12.393.489 984,000.00 -12,393A89 984,000.00 -24,430.632 24,430.632 1,297,000.00 -5.051,428 027 MOMS:10NQ 001 Y893ip EFTA00196107 CLEARED THROUGH ITS WUCU.? OMBED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 28 c1 m Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION MERVIN:1H SYMEMICUSIP OUNYTIN DEEM AMOUNT CREDIT AMOUNT 06/27/05 JOURNAL FREDDIE MAC CMO/SERIES 2886 5,051,428 296,000.00 SC-/0 FLTR 4,080314p r FITM A2 TERM MENT 06.+27/05 RECEIVED UNITED STATES TREASURY NOTE 34,000.000 34,127,500.00 DUE 05+31/2007 3,500 3,500 7 REM Al RESALE T 06/27/05 DELIVERED UNITED STATES TREASURY NOTE -54,000.000 54.067,500.00 DUE 05+3I/2007 3,500 3,500a7 FITM A6 TERM EMENT 06/27/05 INTEREST FANNIE WE CMO/SERIES 2003-13 794.58 S RCRA+0 FLTR DUE 03ii+ ll 4,910 FITM A2 REPO I 06/27/05 INTEREST FANNIE MAE CMO/SERIES 2003-13 1.589.16 S RCRA+0 FLTR DUE 03:1101. 4,910 FITM A2 REPO I 06/27/05 INTEREST FANNIE MAE CMO/SERIES 2003-13 NMI 1,589.16 S RCRA+0 FLTR DUE 4,910 FRM A3 REPO I 0627/05 INTEREST GOVERNMENT NATIONAL MTG ASSN 2.094.66 SERIES 2004.30 CLASS SU DUE 02i 3.940 ATM 62 REPO I 027 07.01,0510:42 001 VOIR FINANCIAL TRUST CO INC STATEMENT PERIOD June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER KAISER On File LAST STATEMENT May 31.2005 EFTA00196108 CLEARED THROUGH ITS WHOU.Y OBBED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 29 ci Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRAM3ACRON DESCRITTON SYME/CIAUSIP QUANTITY DEBIT AMOUNT CREDIT AMOUNT 06/27/05 INTEREST FREDDIE MAC CMO/SERIES 2886 478.04 SC-YO FUR DUE 073.0 4.080 FITM A2 REPO I 062725 INTEREST UNITED STATES TREASURY NOTE MEM 55.734.58 DUE 09 3,500 FITM A6 RESALE 0&30;05 JOURNAL FEDERAL NATIONAL MT2 ASSN -8.518.623 6.373.000.00 SERIES 352 CLASS 1 0,001 FITM W31 REPO A 0&30105 JOURNAL FEDERAL NATIONAL MT2 ASSN -9.170234 1.737.000.00 SERIES 353 CLASS 2 5,000 FITM WI REPO A 0620/05 JOURNAL FEDERAL NATIONAL MT2 ASSN SIM 18,340.469 2,700,000.00 SERIES 353 CLASS 2 5,000 FITM A4 TERM MENT 0620135 JOURNAL FEDL HOME LOAN IvITG CORP#S10109 -9.552.843 1,861,000.00 SERIES 227 CLASS 13 5,000 II Find C1 REPO A 0&30:05 INTEREST FEDERAL NATIONAL IvITG ASSN 3.633.00 SERIES 353 CLASS 2 DUE 07.0i. 5.000 FITM A4 REPO i TOTAL $-607.638.910.69 $626.942.937.32 FINANCIAL TRUST CO INC STATEMENT PERK* June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER NUMSER On File LAST STATEMENT May 31.2005 027 07'014S:10:42 001 M2931P EFTA00196109 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 30 Transaction Detail (continued) MISCELLANEOUS DATE MOM TPAISMTITN DESCRIPTION 06/01/05 JOURNAL TO CMDY NC DEBIT AMOUNT CREW AMOUNT 203,925.00 06/02/05 JOURNAL TO CMDY NC 469,445.00 06/03/05 JOURNAL FR CMDY NC 06/07/05 JOURNAL FR CMDY NC ostosros JOURNAL TO CMDY NC 0610/05 JOURNAL FR CMDY NC 06/13/05 JOURNAL FR CMDY NC 570,183.00 35,468.23 0614/05 JOURNAL 88.767.00 144,391.50 897,315.00 TO CMDY NC 130,858.50 0615/05 JOURNAL TO CMDY NC 79.985.00 06/16/05 JOURNAL FR CMDY NC 06/17/05 JOURNAL TO CMDY NC 06/21/05 JOURNAL FR CMDY NC 06/23/05 JOURNAL TO CMDY NC 317,653.00 06/24/05 JOURNAL FR CMDY NC a 06/28/05 JOURNAL MAY 05CLEARING FEES 06/29/05 JOURNAL FR CMDY NC 06/30/05 JOURNAL FR CMDY NC MN TOTAL 6,611.00 228,374.50 42,660.00 6,065.00 2,250.00 75,990.50 100,310.50 $--1,521,258.00 $1.878,994.73 CLEARED THROUGH ITS YTTICLLY ODT*0 SONO/ARV Reel Siea'n FINANCIAL TRUST CO INC STATEMENT PERMO June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER PURSER OR FM LAST STATEMENT May 31.2005 021 OZOIMS:10:42 001 WINIP EFTA00196110 CLEARED THROUGH ITS INHOU.Y OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 31 Trades Executed Pending Settlement SETTLEMENT TRADE DATE DATE TRANSMIlal 07/01/05 06/30/05 07/01/05 06;30/05 SOLD 07/14/05 06/03/05 BOUGHT 07/14/05 G6/23,05 BOUGHT 07/14/05 05106:05 SOLD 07114105 G6.06:05 SOLO 07/14/05 06/07/05 SOLD DESORPTION UNITED TATES TR U YN 03.62514.1D 30 GVER REF # Gi813781181 UNITED STATES TREASURY NOTE 03,625% JD 30 1-L . 0 MATURITY OVER REF # G1813788 Al FNMA 30YR TBA GTD SETT, 07x05 ~ 05,000% 57110000 BS FNMA 30YR TBA GTD SETT, 07105 000005.000% 57210000 BS FNMA 30YR TBA GTD SETT, 07105 05.000% 57440000 BS FNMA 30YR TM GTD SETT, 07+05 0714009 57140000 BS AS OF 06+0605 FNMA 30YR TBA GTD SETT, 07/05 57140000 BS FINANCIAL TRUST CO INC STATEMENT PERK* June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER NUMBER OII File LAST STATEMENT May 31,2006 SYMBOL/RUM' OHNTITY EPoCE DEBT AMOUNT OREM APADUNT -15.000,000.00 99.9977 15,001,1 .58 -50,000.000.00 99.9977 50.003.775.27 11111 15,000,000.00 100.2187 15,032,812.50 30,000,000.00 99.9609 29,988,281.25 -30.000.000.00 98.5195 29.555.859.38 BIM -15,000.000.00 99.5937 14.939.062.50 -15,000.000.00 99.5937 14.939.062.50 027 07,0105:10:42 001 VOIR EFTA00196111 B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 32 c? Trades Executed Pending Settlement (continued) SEGIEMENT DATE TRADE DATE TRANSACTION 07/14/05 06/07/05 CANCEL SELL 07/14,05 05/19/05 BOUGHT 07/14/05 05/23/05 BOUGHT 07/14/05 05/06/05 SOLD 07/14/05 05/26/05 SOLD 07/14/05 06/06,05 BOUGHT DESCAPIION FNMA 30YR TM GTE) SETT, 07/05 10141/105,000% 57140000 BS AS OF 06/07/05 FNMA-30YR(FNMA)GTD SETT,07/06 111.11 105,500% 57050000 BS FNMA-30YR(FNMA)GTD SETT,07/06 10.005,500% 57100000 BS FNMA-30YR(FNMA)GTD SETT,07/06 10101.06,500% 57450000 BS FNMA-30YR(FNMA)GTD SETT 07/06 05,500% 57180000 BS FNMA 30 YR GTO SETT, 07105 57180000 BS AS OF 06/06106 CLEARED THRouGH ITS meaty', OMYED SURSICally Beer Mar yi FINANCIAL TRUST CO INC STATEMENT PERIOD June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER WEISER On File LAST STATEMENT May 31.2005 a/MO.EGSP GUANTITY PRCE DENT AMOUNT CREPT MhauNT -15,000,000.00 99.5937 14,939,062.50 30000000.00 100.8671 30,260,156.25 MIN 30000000.00 101 30200,000.00 11111 -30.000.000.00 1005156 30.154.687.50 -60.000.000.00 100.9531 60.571.875.00 11111 50.000.000.00 102.6054 51.302.734.38 027 07'01MS:10:02 001 Y0931P EFTA00196112 CLEARED THROUGH ITS INHOU.Y ow•co SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 33 c? Trades Executed Pending Settlement (continued) STATEMENT TRADE DATE DATE 07/14/05 06/03/05 SOLD TRANSACT/ON CESCRPTION STM8D.EuSP CIJANTITY PACE FINANCIAL TRUST CO INC STATEMENT PEROT June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER WITMER On File LAST STATEMENT May 31.2005 DEBIT AMOUNT C=£:\ FNMA 30 YR GTO SETT. 07105 7070000 BS -50.000.000.00 102.7968 51.398.437.50 TOTAL $171,823.046.88 $266.563.892.23 The chow Fades cb eel eppew in eery ann. sedge PI Ihn :Warm* Your messages Bear Steams receives payments or other remuneration from the advisers, distributors or other affiliates of certain of the mutual funds available through Bear Steams. Such payments or remuneration are for administrative, technological or other services provided in connection with fund accounts and are generally calculated based on the amount of assets held in the accounts, Such payments or other remuneration are in addition to shareholder servicing and distribution fees that Bear Stearns may receive. Funds whose affiliates do not make payments to Bear Steams, including funds that may pay a higher or lower return, may be available to you. NOTICE OF CHANGE PURSUANT TO TRUTH IN LENDING SEC RULE 100-16 Effective no earlier than thirty (30) days from your receipt of this statement, the annual rate of interest charged on any credit extended to you by Bear Stearns for the purpose of purchasing, carrying or trading in any security or other property shall be based on either the Bear Stearns Margin Basis Rate, the Bear Stearns Fed Funds Rate or the London Interbank Offering Rate ("UBOR"), as notified to you upon request. The Bear Stearns Margin Basis Rate will be quoted daily by Bear Stearns at our main office in New York, Factors affecting the determination of the Bear Stearns Margin Basis Rate will include the short•term market interest rates quoted by money center banks and the Federal Reserve and the rate that Bear Steams is charged for borrowing money. The Bear Steams Fed Funds Rate is the rate for U.S. dollar funds, as quoted by an independent broker of such funds selected by Bear Stearns for the last transaction completed prior to 9:30 a,m, (Eastern Time) on the business day on which such rate is determined. The annual rate of interest will be no more than 3% above the Bear Steams Margin Basis Rate or 4% above either the Bear Stearns Fed Funds Rate or LIBOR and will appear on your monthly statements. 027 07/01.135:10:02 001 Y893IP EFTA00196113 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 34 If Bear Stearns 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 is tied to the Bear Stearns Margin Basis Rate, the Bear Stearns Fed Funds Rate or LIBOR and may fluctuate with those rates, 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), Except as described above, the Truth in Lending disclosure previously provided to you remains in effect, End of Statement CLEARED THROuGH ITS Yn10t4Y OUT,E0 SUBSIOIMIT, Beer Stewn FINANCIAL TRUST CO INC STATEMENT PERK* June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER WEISER On File LAST STATEMENT May 31.2005 027 07i0litio0:42 001 vekuP EFTA00196114 CLEARED THROUGH ITS WHCU.Y 01M.IED SUNK/MI/iv B STUR URNS OFFICE SERVICING YOUR ACCOUNT S m ear. Stearns Co. Inc. ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE weny.bearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 7 Trades Not Yet Settled 37 Your Portfolio at a Glance TOTAL VAWE OF SECURITIES THIS PERIOD LONG ACCRUED INTEREST NET CREDIT BALANCE 3.052,376 27,070 122,206 IIII II 111111111U I I FINANCIAL TRUST CO INC 0/0 JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Market Value of Your Portfolio Cash 8 Equivalent $122.206 $180,992 NET EQUITY THIS PERIOD $3,201,652 NET EQUITY LAST STATEMENT CHANGE SINCE LAST STATEMENT 3.131.368 70.283 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Axed $3.052.376 Income $2.900.677 Current market Sue NE Last statement's market value FINANCIAL TRUST CO INC STATEMENT PERKIO *11 30.2005 THROUGH May 31.2005 ACCCUNT NUMBER TAXPAYER AVNER On File LAST STATEMENT April 29.2005 SI T T/1111•Tduri A Xs dOrmacuol hnoses only I Is ra @lorded as &ant staternurC should be Massed for your words See worm a for Doodad' nrcautire 027 06,01135:09:00 001 EFTA00196115 GEARED 11. .100044 ITS WHOLLY OMAE0 $1.1090MAY FINANCIAL TRUST CO INC 2 o168 STATEMENT BACKER IS PRINTED ON THIS PAGE 021 0601.05:09:03 001 Y878 EFTA00196116 CLEARED IHRCUGH ITS (MT,E0 SUOSIOally BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 3 Cash Flow Analysis THIS PERIOD Income Summary RAS PERICO YEAR TO DATE Opening Balance $180,992.40 U.S. GOA. Bond Int. 766,042.23 3.462.043.46 Govt. Agency Int. 823.071.67 3.397.846.03 Securities Sold 1,056,491,072.96 Corp. Bond Int. 106.943.92 595,471.88 Dividends/Interest 1,696,447.33 Credit Balance Int. 389.51 3.223.71 Miscellaneous 936,131.00 Reverse Repurchase Int. 88,412.07 1.082.145.71 Amount Credited $1,059,123,651.29 Total $1 784 859.40 $8 540 730.79 Securities Bought -1,056,980,245.53 Bond Purchase Int. -514.432.42 -4.940,434.41 Funds Withdrawn -71.505.00 Repurchase Int. Exp. -240.018.09 -882,877.32 Dividends/Interest Charged -514.432.42 Miscellaneous -1,616.254.91 Portfolio Composition Amount Debited $.1.059,182A37.86 CashiCash Equivalent 122,206 Net Cash Activity -58.786.57 Fixed Income 3.052,376 ClosingBalance $122,205.83 Total $3.174.582 Cash Balance Summary OFEts NO CLC61/10 Margin 180,992.40 122,205.83 Net Cash Balance $180.992.40 $122,205.83 027 0601.0S:09:CO 001 I FINANCIAL TRUST CO INC STATEMENT PERK* April 30.2005 THROUGH May 31.2005 ACCCUNT NUMBER TAXPAYER AMMER On File LAST STATEMENT April 29.2005 Your Portfolio Allocation Cash 8 Equivalent-- 3% — Feed Income 97% Untivoecl P0,00, 5 00°0* debt balance omit, Or, male wive, Tha elocalxn percents-0 ts Or.st.0 from V0 Mnal.te markei value palbn EFTA00196117 CLEARED THRouGH ITS valour omeo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 4 o Jtl Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCPAPTION CASH BALANCE SrAISCLOJSIP IMAMS ESTIMATED CuRRENT OurdaiTy PACE VALUE !Mu& MCCUE VELD mi 122.206 TOTAL CASH & CASH EQUIVALENTS $122.208 FIXED INCOME Government & Agency Obligations DESCRIPTION SWMOLCUSP ACCT TYPE DUMMY PRICE MARKET VALLE ACCRUED INTEREST EstmArE0 ANNUAL INCOME CuRRISC YEAR GOVERNMENT NATIONAL MTG ASSN MRGN 14.948.788 6.4165 959.183 18.772 614.395 64.0540 SERIES 2004-035 CLASS SP DATED DATE 05/21/04 BOOK ENTRY ONLY DUE 12/20/2029 4.110% FACTOR - .91792270 GOVERNMENT NATIONAL MTG ASSOC MRGN 14.940.760 7.2678 1.085.871 SERIES 2004-041 CLASS SE DATED DATE 06/23/04 BOOK ENTRY ONLY DUE 05/20/2030 FACTOR - .93016410 FEDERAL NATIONAL MTG ASSN MRGN 12.733.059 7.9111 1.007.321 8.298 497.863 49.4245 SERIES 2003.49 CLASS SW DATED DATE 04/30103 BOOK ENTRY ONLY DUE 01/2512033 3.910% FACTOR - .52384850 FINANCIAL TRUST CO INC STATEMENT PER100 April 30.2005 THROUGH May 31.2005 Accamy NUMBER TAXPAYER M.aCR On File LAST sTATEmENT Aprll 29.2005 021 060i.05:09:03 001 ••878 EFTA00196118 CLEARED THROUGH ITS MOLLY OMP.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 5 ,) Jtl Your Portfolio Holdings (continued) Government & Agency Obligations (continued) DESORPTION FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS I DATED DATE I 1&1:03 BOOK ENTRY CNLT DUE 11/01,2033 FACTOR — 1.00000000 Total Government& Agency Obligations S!NEOLUISP MX' TYPE MRGN °IMPIETY 1 PRICE MARKET VALLE 83,1641 $3.052.376 FINANCIAL TRUST CO INC STATEMENT PERKO April 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER M/03ER OE File LAST STATEMENT *11 29.2005 ACCRUED ESTEEMED OURFIGVT INTEREST ANNUAL INCOME YELD PO $27.070 51.112.258 TOTAL FIXED INCOME $3.052.376 $27.070 51.112.258 YOUR PORTFOLIOHOLDINGSACCRUED INTEREST 527.070 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $1.112.258 YOUR PRICED PORTFOLIOHOLDINGS 83.174.582 Repurchase and Reverse Repurchase Transactions with Bear,Stearns& Co. Inc. outstanding as of date of statement PLRO-MSE/ START DATE REPURCHASE DATE PROMS RATE PURCHASE PRICE) PRI/OPAL ACCRUED REPO MEREST• QUANTITY (FACE AMOUNT) CUSP DESCRIPTOR YOU PROVIDED GOVERNMENT NATIONAL MTG ASSOC (MARGIN) 04/25/05 OPEN 0,000 -26A00.000 SERIES 2004-5 CLASS P 3.8600 02)20133 YOU SOLD FANNIEMAE STRIP (REPO) 05/11/06 06110)05 3.290 -10.851400 -20,824 -30.000.000 SERIES 329 CLASS PO 12(01/32 YOU SOLD FANNIEMAE STRIP (REPO) 05/16/05 06/16105 3.290 -11.334.000 -16.572 -30.959.779 SERIES 329 CLASS PO 12(01/32 027 DE01.135:09:03 001 V878 EFTA00196119 CLEARED IHRCUGH ITS wHG.13 OUT*0 SUGROany BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 6 Repurchase and Reverse Repurchase Transactions (continued) with Bear,Stearns& Co.Inc. outstanding asof date of statement (continued) PIACl/ASV REFIJRCHPSE START DATE DAZE PACING RATE PURCHASE PRIM ACCRUED REPO PRINCPAL MEREST' GUANTITY (FACE AMOUNT) CUSP DESCRIPTCN I,Sean SPCmit' Go' FINANCIAL TRUST CO INC STATEMENT PERO) *11 30.2005 THROUGH May 31.2005 ALUMNI NUMBER TAXPAYER PANDER On File LAST STATEMENT April 29.2005 YOU SOLD (REPO) 05/16/05 0611905 3.290 -14.434.000 -21.105 -23.000.000 FANNIE MAE STRIPS SERIES 352 CLASS PO 07/01/34 YOU SOLD (REPO) 05/16/05 0916/05 3.290 -3.844.000 -5.620 -20.000.000 FANNIE MAE STRIP SERIES 353 CLASS 10 5.0000 07/01/34 YOU SOLD (REPO) 0917/05 06/10/05 3.290 -1.008.000 -1.381 -25.000.000 FEDERAL NATIONAL MTG ASSOC SERIES 2003-52 CLASS 4.0100 07/2917 YOU SOLD (REPO) 0917/05 06/10/05 3,290 -1.340.000 -1.836 -27.112.874 GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-30 CLASS 4,1100 02/20/32 YOU SOLD (REPO) 05/20/05 06/10/05 3.290 -996.000 -1.092 -25.000.000 FEDERAL NATIONAL MTG ASSOC SERIES 2003-13 CLASS 4.9100 03/2933 YOU SOLD (REPO) 05/25/05 06/10/05 3.290 -3.800.000 -2.430 -10.000.000 FANNIEMAE STRIP SERIES 346 CLASS PO 11/01/33 YOU SOLD (REPO) 05/25/05 0611905 3.290 -3.951.000 -2.527 -20.000.000 FEDERAL HOME LOAN STRIP SERIES 227 CLASS 10 5.0000 12/01/34 YOU SOLD (REPO) 05/25/05 06/10/05 3.290 -3.000.000 -1.919 -20.000.000 FREDOIEMAC STRIP SERIES 228 CLASS 10 6.0000 02/01/36 YOU SOLD (REPO) 06.25/05 OPEN 4010 -1 -9.724.538 FEDERAL HOME LOAN MIG CORP SERIES 2886 CLASS SC 4,2100 07/15/19 YOU SOLD (REPO) 05/26/05 06/10/05 3.300 -525.000 -288 -12.500.000 FEDERAL NATIONAL MTG ASSOC SERIES 2003-13 CLASS 4.9100 03/2933 YOU PROVIDED (MARGIN) 0926/05 OPEN 0,000 -12.500.000 FEDERAL NATIONAL MTG ASSOC SERIES 2003-13 CLASS 4,9100 03/25/33 027 MOOS:09:03 001 V878 EFTA00196120 CLEARED THROUGH ITS YAICU.Y OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 7 c. nn Repurchase and Reverse Repurchase Transactions (continued) with Bear,Stearns& Co.inc.outstanding as of date of statement (continued) PUREWSS, START DATE REPURCHASE DATE PRICING RATE PURCHASE RICO PRINCPAL rOCAUED REPO MEREST' GUMMY (FACE AMOUNT) CUSP DESCRIPTION YOU SOLD USTR 4,1250 05/15/15 (REPO) 05/27105 OPEN 2.640 -38.095.000 -14.984 -38.000,000 YOU BOUGHT USTR 3,5000 05/31/07 (REVERSE) 05/31/05 OPEN 2.830 54.000.000 4.245 54.000.000 TOTAL REVERSE REPURCHASE TRANSACTIONS 354.000.000 34245 FINANCIAL TRUST CO INC STATEMENT PERIOD April 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER MANNER On File LAST STATEMENT AprII 29.2005 TOTAL REPURCHASE TRANSACTIONS 1-93.178.001 1-90.578 •As ce ,llµmnnl die Transaction Detail INVESTMENT ACTIVITY SETTLEMENT DATE TRADE DATE TRANSACTOR CESCRPTION SNA00. Cusp 0,ANDre PRICE DEBIT AMOUNT CREPT AMOUNT 05.02105 04/27105 BOUGHT GOVERNMENT NATIONAL MTG ASSOC 15.073.792 7,15625 1,078,718.27 SERIES 2004-041 CLASS SE OS. 57160000 BS ACCR, ENT, 21,153.55 05102/05 04/28)05 SOLD UNITED STATES TREASURY NOTE -50,000.003 100.05469 50.027,343 .75 killiir3.625% AO 30 . MATURITY ACCR. INT. 9.850.64 OVER REF o 01181006 Al 0510645 PRINCIPAL FEDL HOME LOAN MTG CORN/Stet 10 -236.730 SERIES 228 CLASS 10 6400 DUE 02/01/35 PRINCIPAL REDUCTN 05-15-05 027 DS01.05:09:03 001 V878 EFTA00196121 CLEARED THROUGH ITS O‘M‘ED SUEISIDaTve BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 8 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 05/00105 05/06+05 SOLD 05109/05 05/06005 BOUGHT 05/11105 06:06.95 BOUGHT 05/12105 03/31105 BOUGHT 05/12105 04/12105 BOUGHT 05/12105 04/07105 CANCEL SELL CESCFCETION UNITED STATES TREASURY NOTE DUE 02/15/2015 04.000% FA 15 SPECIAL INSTRUCTIONS YIELD 4.262 % TO MATURITY GVER REF V G1267694 A3 WWEI3 SYMEIOLCUSV CVANillY PRICE I FINANCa TRUST CO INC STATEMENT PERK* 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NLIMER ON File LAST STATEMENT *11 29.2005 DEBIT AMOUNT CREW MOM UNITED STATES TREASURY NOTE 03,625% AO 30 MATURITY GVER REF to G1261032 Al GOVERNMENT NATIONAL MTG ASSN SERIES 2004-035 CLASS SP Ofilli s04.210% 7720000 BS AS OF 05/06/05 FNMA-30YRTFNMAIGTO SETT.05/04 011i 05.000% 57140000 BS FNMA-30YRTFNMA)G10 SETT.05104 1.111 505.000% 7300000 BS FNMA-30YRIFNMAIGTO SETT.05/05 1011005.000% 57220000 BS AS OF 0407105 TO CV. PREVIOUS SELL -20.000.000 97.92188 ACCR. INT, 19,584,375.00 183,425.41 30.000.000 99.82813 29,948,437.50 ACCFL INT, 26,596.47 15.096.208 6.90625 1,042,581.89 ACCR. INT. 37,073.77 EMI 20.000.000 97.49219 19,498,437.50 VIM 20.000.000 98.13281 19.626.562.50 MIK 40.000.000 97.92188 39.16.8.750.00 027 0601.05:09:03 001 '.878 EFTA00196122 CLEARED THROUGH ITS YOICtLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 9 o Jtl Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTOR 05/12105 03/31105 CANCEL BUY 05/12/05 04/12/05 CANCEL BUY 05112105 04/07/05 SOLD 05/12/05 03/31105 BOUGHT 05/12/05 04/12/05 BOUGHT 091245 04/07105 CANCEL SELL OESCRIPTION FNMA-30YR(FNMA)ITO SETT,05/05 1.005,000 ,, 57140000 BS AS OF 03/31105 TO CXL PREVIOUS BUY FNMA-30YR(FNMA)G1D SETT,05.05 101100105,000 ,, 57300000 BS AS OF 04/12/05 TO CM. PREVIOUS BUY FNMA-30W4FNMAATO SETT,05;04 Mai 05,000% 57220000 BS FNMA 3crRrFNMA)GID SETT OE 05 05,500% 57150000 BS FNMA-30YRTNMNGTO SETT,05,G5 0. 0405.500% 57400000 BS FNMA-30YR(FNMA)010 SETT 05105 05,500'. 57210000 BS AS OF 04!07.05 TO CH. PREVIOUS SELL FINANCIAL TRUST CO INC STATEMENT PERKO *11 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NLIAMER On File LAST STATEMENT *11 29.2005 STIADOLCUSP GUMMY PRICE DEBIT AMOUNT CREDIT AMOUNT -20,000,000 97.49219 19,498,437.50 -20.000.000 98,13281 19.628.562 .50 -40.000.000 97.92188 39.168,750 .00 20.000.000 99.89063 19.978.125.00 20.000.000 100,37500 20.075.000.00 40.000.000 100,25781 40.103.125.00 027 06014S:09:C0 001 EFTA00196123 CLEARED THROUGH ITS MOST OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 10 r!33 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTOR 05112105 03/31105 CANCEL BUY 05/12105 04/12/05 CANCEL BUY 05112:05 04i07105 SOLD 05/12/05 06,06105 SOLD 05/13/05 06/12/05 SOLD 05/13/05 06/12/15 SOLD DESORPTION FNMA-30YR(FNMAJOTD SETT.05/05 NW 05.5004 5715001)0 BS AS OF 03/31105 TO CXL PREVIOUS BUY FNMA-SOYFOFNMA)G1D SETT.05/05 10010105.500I, 57400000 BS AS OF 04/12/05 TO C/3. PREVIOUS BUY FNMA-30YRIFNMAJOID ETT.05105 57210000 BS FEDL ROME LOAN MIG MAP/410110 SERIES 228 CLASS 10 06,000% 7430000 BS ACCRUES ON 1ST. PAYS ON 25TH UNITED STATES TREASURY NOTE AO 30 MATURITY GVER REF V G1325905 Al UNITED STATES TREASURY NOTE 03.625% AO 30 0 MATURITY GVER REF # 01325601 Al FINANCIAL TRUST CO INC STATEMENT PERKO *1130.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NLPOER On File LAST STATEMENT *11 29.2005 STIAEOLCUSP CVANTITY PRICE DEBIT AMOUNT MCC AMOUNT -20.000.000 99.89063 19.978,125 ,00 -20.000.000 100.37500 20.075.000 00 -40.000.000 100.25781 40.103.125.00 -18.365.752 20.43750 3.753.500.73 ACOR, INT, 33.670,55 -10.000.000 99.95313 9.995.312.50 ACCR. INT. 12,805.71 -15.000.000 99.95313 14.992,968 ,75 ACOR, INT. 19,208.56 027 0601.135:09:011 001 '.1178 EFTA00196124 CLEARED THROUGH ITS MOLLY ODS*0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 11 - Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 05113105 05(12105 SOLD 05/13/05 JOURNAL 05/16105 05/13105 SOLD 05/16105 05/13105 BOUGHT 05/16105 JOURNAL 05/17/05 05712105 BOUGHT 05117705 05/12/05 BOUGHT OE SCRVTION UNITED STATES TREASURY NNE lailk03.625% AO 30 MATURITY GVER REF tt G1325547 Al FEDL HOME LOAN MTG CORP/S10110 SERIES 228 CLASS 10 6.000 DIVE 02101735 ADJ POS UNITED STATES TREASURY NOTE 04.000% FA MATURITY GVER REF # G1333411 Al UNITED STATES TREASURY NOTE 04.125% MN IS MATURITY GVER REF # G1333415 Al FEDL HOME LOAN MTG CORHAST 0170 SERIES 228 CLASS 10 6.000 DIVE 02101/35 ADJ POSITION FANNIE MAE CMO/SERIES 2003-52 KS-VO RTR .11.1 504.080% 7260000 BS GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU 04,210% 57300000 BS AS OF 0512.05 I FINANCIAL TRUST CO INC STATEMENT PERGO *11 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NUIGER On File LAST STATEMENT *II 29.2005 SYMBOLCUMP OJAMIW ANN OMIT AMOUNT CREPT AMOUNT -20.000.000 99.94531 ACCR. INT. 19.989.062 .50 25.611.41 NMI -2 40.000.000 98.57031 39.428.125.00 ACCR, IN% 397.790.06 INS 40,000.000 99.73047 39.892.187.50 ACCR, 4,483.70 MIN .1 17,728.728 8.03125 1,423,838.51 ACCR, INT. 44,203.63 24,954.730 7,28125 1,817,016.29 ACCR, 78,794.56 027 06016S:09:CO 001 118 78 EFTA00196125 CLEARED THROuGH ITS ?RIMY OW,E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 12 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 05/18/05 TRADE DATE TRANSACTION 05713105 BOUGHT CESCRPTION FREDDIE MAC CMOSERIES 2886 SC-I/0 RTR 7130000 BS 05/18/05 JOURNAL FEDL HOME LOAN MTG CORP#S10110 SERIES 228 CLASS 10 6,000 DUE 02101/35 STMEIOLCUSP GUMMY Plea 8.743.867 8,50000 ACCR. I. SIean $PCmitkf EAR FINANCa TRUST CO INC STATEMENT PEREIO *11 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NUMER Ofl File LAST STATEMENT April 29.2005 DEBIT AMOUNT 743,228.73 3,067.64 CHEM AMOUNT 1 05/20/05 05(19105 SOLD UNITED STATES TREASURY NOTE 03,625% AO 30 MATURITY GVER REF # G1393740 Al -13,000,000 100.05469 ACCR. INT, 13.007,109 ,38 25.611,41 05120105 05/19105 SOLD UNITED STATES TREASURY NOTE 04.125% MN IS MATURITY GVER REF # G1393587 Al -10,000,000 100.29688 ACCR. INT. 10.029.687.50 5.604,62 05120105 PRINCIPAL GOVERNMENT NATIONAL MTO ASSN SERIES 2004-035 CLASS SP 4210 DUE 12/20/29 PRINCIPAL REDUCTN 05-20-05 -147,420 05:2045 PRINCIPAL GOVERNMENT RATIONAL MTO ASSOC SERIES 2004-041 CLASS SE DUE 05,20/30 PRINCIPAL REDUCTN 05-20-05 -133,032 05:23+05 05:26.05 BOUGHT UNITED STATES TREASURY NOTE 03625% AO 30 MATURITY GVER REF # G1404847 AS AS OF 05/20105 50.000.000 ACCR, INT, 99.97656 49.988.281.25 113.281,25 05.2345 05(2045 SOLD UNITED STATES TREASURY NOTE 03.625% AO 30 0 MATURITY GVER REF tt G1403009 Al -20.000.000 99.96094 ACCR, INT, 19.992.187 .50 45.312,50 027 DE,DI.05:09:03 001 '.878 EFTA00196126 CLEARED THROUGH ITS WHEEL? EMBED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 13 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION CESCRPTION SYMBOLED-SIP PACE DEBIT AMOUNT CREW AMOUNT 05/24105 05/23/05 SOW UNITED STATES TREASURY NNE -13.000.000 100.03125 13,004,062,50 I~3.625% AO 30 MATURITY ACCR, INT. 30.733.70 OVER REF # G1434596 Al 05/24105 05/23105 SOW UNITED STATES TREASURY NOTE MIK -10.000.000 100.58203 10.058203 .13 04.125% MN 15 ACCR, INT. 10,088.31 MATURITY GVER REF # G1434606 Al 05:25105 05/24105 BOUGHT UNITED STATES TREASURY NOTE 3.000.000 100.89063 3.026.718.75 04.125% MN IS ACCR. INT. 3,362.77 0 MATURITY OVER REF # 01443571 Al 05125105 PRINCIPAL FEDERAL NATIONAL MTG ASSN 296.514.00 SERIES 329 CLASS PO DUE 01/01/33 STRIP PAIN RID 04.05 Pit 05-25-05 REPO P S I 0.0000 05125105 PRINCIPAL FEDERAL NATIONAL MTG ASSN 306.000.26 SERIES 329 CLASS PO DUE 01/01/33 STRIP PAIN FUD 04.05 PAD 05-25-05 REPO P S I 0.0000 05125105 PRINCIPAL FEDERAL NATIONAL MTG ASSN MIN -250.651 SERIES 2003-49 CLASS SW 3.980 DUE 01/25/33 PRINCIPAL REDUCTN 05-25-05 05125105 PRINCIPAL FEDERAL NATIONAL MTG ASSN 13.79764 SERIES 346 CLASS 1 CUE 11/01/33 PAIN R/D 04.05 Pit 05-25-05 REPO P S I 0.0000 I FINANCa TRUST CO INC STATEMENT PERK* *11 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NLIN3ER On LAST STATEMENT 29.2005 027 060105:09:CO 001 '.878 EFTA00196127 CLEARED THROUGH ITS viNOttY 0%1T,*0 SUBSIOIAlly BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 14 - Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION DESCRIPTION STMEIOLCUSV °WIT( PRICE DEBIT AMOUNT CREW PAC146 05/2905 PRINCIPAL FEDERAL NATIONAL MTG ASSN 137,824,76 SERIES 346 CLASS 1 DUE 11/01/33 PRIN FUD 04-05 PAD 05-25-05 REPO P d I 0,0000 05/25105 PRINCIPAL FEDERAL NATIONAL MTG ASSN 346.726,61 SERIES 352 CLASS 1 0.001 DUE 07/01/34 PAIN RID 04.05 Ki 05-25-05 REPO P S I 0,0000 05.27105 0926/05 BOUGHT UNITED STATES TREASURY TOTE Miff 11.000.000 99.99609 10.999.570.31 AO 30 MATURITY ACCR, INT, 29.256,12 GVER REF # G1464298 Ell 05/27105 05/26105 BOUGHT UNITED STATES TREASURY 143TE 50.000.000 99.99609 49.998.046 ,88 01001013,625% AO 30 MATURITY GVER REF # G1464298 Al ACC/, 611, 132.982,33 OS.27105 05/26105 BOUGHT UNITED STATES TREASURY NNE 15.000.000 100,37109 1E055.664,06 04,125% MN 15 MATURITY ACM, 617, 20.176,63 GVER REF # G1464643 Al 05.27105 JOURNAL FEDERAL NATIONAL MTG ASSN 1 SERIES 346 CLASS 1 DUE 11/01/33 ADJUST POSITION 05/27.05 JOURNAL FEDERAL NATIONAL MTG ASSN 1 SERIES 346 CLASS 1 DUE 11/01133 05.27105 JOURNAL FEDL HOME LOAN MTG CORPHSIOTO9 1 SERIES 227 CLASS 10 5.000 DUE 12/01/34 ADJUST POSITION FINANCIAL TRUST CO INC STATEMENT PERIOD &X1130.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NLIMER ON File LAST STATEMENT Apdl 29.2005 027 DS,OT.05:09:03 001 EFTA00196128 CLEARED THROuGH ITS WHOLLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 15 0 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTOR DESCRIPTION STMOOLCUSP OUPARRY PRICE DEIST AMOUNT CROW AMOUNT 05/27105 JOURNAL FEDL HOME LOAN MTG CORP#S10110 SERIES 228 CLASS 10 6.000 DUE 02/01/35 ADJUST POSITION 05/31105 05/26/05 BOUGHT UNITED STATES TREASURY N3TE 36.000.000 99.74219 35.907.187.50 03.500% MN 31 MATURITY GYER REF V G1464831 Al 05/31105 05/26/05 SOLD UNITED STATES TREASURY NOTE -15.000.000 99.74219 14.961.328 .13 03.500% MN 31 MATURITY GYER REF V G1464297 BI 05/31105 05/27105 SOLD UNITED STATES TREASURY N3TE -25.000.000 99.71875 24.929,687 .50 DUE 05/31/2007 03.500% MN 31 SPECIAL INSTRUCTIONS YIELD 3.647 % TO MATURITY OVER REF # G1472531 A3 WWEB AS OF 05727105 05/31105 05/26/05 SOLD UNITED STATES TREASURY NNE EMI -50.000.000 99.74219 49.871.093 .75 03.500% MN 31 MATURITY OVER REF # G1464297 Al TOTAL $-399.8$5.909.86 1473.974.623.67 FINANCIAL TRUST CO INC STATEMENT PERKO *1130.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER PURSER On File LAST STATEMENT *11 29.2005 027 0601.05:09:03 001 Vi978 EFTA00196129 CLEARED THROUGH ITS WHOLLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 16 ci Transaction Detail (continued) DEPOSITS AND WITHDRAWALS EWE TRANSACT Cr. DESCRIrICH 0525:05 FNO WIRED MOAN G./168194 FNDS WIRED TO IMO/ BANK C#264533 TOTAL S.71,606.00 INTEREST DATE DESCRIPTION SYMBOL CUSIP OUANTITT RATE DEBIT AMOUNT CREDIT AMOUNT 05.02105 AVG BAL 244.990 F1T 1.908 389.51 021 OFFICE INTEREST 0405 05/16105 FEDL HOME LOAN MTG CORP#S10109 5.0000 6.066,95 SERES 227 CLASS 10 DUE 12/0112034 5.000 INT RID 04-05 PA:1 OS-15-05 REPO P &I 5.0000 05/16105 FEDL HOME LOAN MTG OCAP#S10109 5.0303 10.111 .58 SERES 227 CLASS 10 DUE 12/01/2034 5.000 INT RID 04-05 ND 0S-15-05 REPO P &I 5.0000 05/16105 FEDL HOME LOAN MTG CORP#S10109 5.0000 10,1 11.58 SERIES 227 CLASS 10 DUE 12/0112034 5.000 INT RID 04-05 ND 05-15-05 REPO P &I 5.0000 05/16/05 FEDL HOME LOAN MTG CORP#S10109 Miff 5.0000 20.223.15 SERIES 227 CLASS 10 DUE 12/01/2034 5.000 INT RID 04-05 PM 05-15-05 REPO P 8, I 5.0000 027 06005:09:02 001 vale DEBIT Amotivr CREDIT AMOUNT 71.505.00 FINANCIAL TRUST CO INC STATEMENT PERK* April 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER AMBER ON File LAST STATEMENT April 29.2005 EFTA00196130 CLEARED TEIROuGH ITS wHCLLY OGYRO SURROMIly BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 17 Transaction Detail (continued) INTEREST (continued) r. SIean $PCmitkf EAR FINANCIAL TRUST CO INC STATEMENT PERO) *11 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER MANNER On Ale LAST STATEMENT April 29.2005 DATE DESCRIPTION SYMEICIJCV5IP OVANTRY RATE IP4 CENT AMOUNT CREPT AMOUNT 05/16/05 FEDL HOME LOAN MTG CCAPMS10109 5.0000 34.379.36 SERIES 227 CLASS 10 DUE 12/01/2034 5.000 INT RID 04.05 PA) CS-15-05 REPO P &I 5.0000 05/16105 FEDL HOME LOAN MTG CORN/610110 ISM 6.0000 14.129.41 SERIES 228 CLASS 10 DUE 02/01/2035 6.000 INT RID 04.05 PAD 05-15-05 REPO P &I 6.0000 091645 FEDL HOME LOAN MTG 00AP#S10110 OMNI 6.0000 32 968.62 SERES 228 CLASS 10 DUE 02/01/2035 6.000 INT RID 04.05 PAD 05-15-05 REPO P &I 6.0000 05/16105 FEDL HOME LOAN MTG CORP#510110 NMI 6.0000 47.098.03 SERES 228 CLASS 10 DUE 02/01/2035 6.000 INTEREST PAYMENT 05-15.05 05/16105 FEDL HOME LOAN MTG CORN/610110 6.0000 94.196.06 SERES 228 CLASS 10 DUE 02/01/2035 6.000 INT RID 04.05 PAD 05-15-05 REPO P &I 6.0000 05/20/05 GOVERNMENT NATIONAL MTG ASSN 3.9600 58.080.00 SERES 2004-5 CLASS PS DUE 02/2012033 3.960 INT RID 04.05 PA) 05-20-05 REPO P &I 3,9600 05/20/05 GOVERNMENT NATIONAL MTG ASSN 3.9600 87.120.00 SERES 2004-5 CLASS PS DUE 02/20/2033 3.960 INT RID 04-05 PA) 05-20-05 REPO P &I 3,9600 027 060105:09:03 001 11878 EFTA00196131 CLEARED THROUGH ITS MELLY EIDS*0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 18 Transaction Detail (continued) INTEREST (continued) FINANCIAL TRUST CO INC STATEMENT PERIOD 30.200S THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER MAGER On File LAST STATEMENT April 29.2005 DATE DESCRIPTION SYMECLGUSIP PANNUN RATE 141 reed AMOUNT MEDI AMOUNT 05120/05 GOVERNMENT NATIONAL MTO ASSN 4.2100 87.549,51 SERIES 200440 CLASS SU DUE 02/20/2032 4,210 INT RID 04.05 PM 05-20-05 REPO P 8I 4,2100 05120/05 GOVERNMENT NATIONAL MTO ASSN ISM 4,2100 52.962,53 SERES 2004-035 CLASS SP DUE 12/20/2029 4,210 INTEREST PAYMENT 05-20.05 05120/05 GOVERNMENT NATIONAL MTO ASSOC 52.883.89 SERES 2004-041 CLASS SE DUE 05/202030 0,000 INTEREST PAYMENT 05-20.05 05/25/05 FANNIE MAE CMO/SERIES 2003.13 4.9800 53e71,96 S RCA-I/O RTR DUE 03/25/2033 4,980 INT RID 04.05 PA 0S-25-05 REPO P 8I 4,9800 05.25/05 FANNIE MAE CMO/SERIES 2003.13 4,9800 53 471,96 S RCA-I/0 RTR DUE 03/25/2033 4,980 INT RID 04.05 ND 05-2545 REPO P 8I 4,9800 05.25(05 FEDERAL NATIONAL MTO ASSN 3.9800 43.062.64 SERES 2003-49 CLASS SW DUE 01/25/2033 3,980 INTEREST PAYMENT 05-25 OS 0525/05 FANNIE WE CMO/SERIES 2003.52 4.0800 60277,68 KS-V0 RTR DUE 07/25/2017 4,080 INT RID 04.05 ND 05-25-05 REPO P 8I 4,0800 027 0601.05:09:03 001 11878 EFTA00196132 CLEARED THROUGH ITS MIPS? CTMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 19 c? Transaction Detail (continued) INTEREST (continued) DATE MORMON 05125/05 FEDERAL NATIONAL MTO ASSN SERES 353 CLASS 2 DUE 07101/2034 5000 TNT R/D 04-05 PA9 05-25-05 REPO P & I 5.0000 TOTAL SY/ABOLCUS,P QUANTITY RATE Ice! 5:0000 DEBIT AMOUNT FINANCIAL TRUST CO INC STATEMENT PERM April 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On FM LAST STATEMENT *11 29.2005 OREM AMOUNT 78.180.13 5896.734.56 REPURCHASE AND REVERSE REPURCHASETRANSACTIONS with Bear,Stearns& Co. Inc. SETTLEMENT DATE TRADE DATE TRANSACTION DESCRPTICN 05.02,105 RECEIVED UNITED STATES TREASURY NOTE DUE 00+3012007 3.625 3,625 7 FITM Al RESALE 05:03105 JOURNAL FEDL HOME LOAN PAM CORPitS10109 SERIES 227 CLASS 0 5 0 HIM00 RiplirA2 TERM MENT 05.03105 JOURNAL FEDL NOME LOAN 1,116 CORP4S10.109 SERIES 227 CLASS 0 5,000 1.f4 FITM Al REPO A OS03105 JOURNAL FEDL ACME LOAN MTG COSH/5101n) SERIES 228 CLASS 0 6 HIM 000)035 A2 TERM AAENT 05103/05 JOURNAL FEDL HOME LOAN MTO CORP8S10110 SERIES 228 CLASS 10 6,000 DUE 02/01/35 ATM FI233173 41 REPO AGREEMENT SVMBCLCUSIP 0.:NYHTY DEBIT AMOUNT CREDIT MIOUNT IIIIININ NMI 50,000.000 1.456.066 .1.456.066 6.593,724 -2.354.901 50.125.000.00 312.000.00 027 0601.05:09:03 001 '.1178 EFTA00196133 CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 20 c1>x Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEMEMENT TRADE DATE DATE TRANSACTION DESCRITMON SYME/CLCUSIP OvANTIN DEBIT AMOUNT CREDIT AMOUNT 05/03105 JOURNAL FEDL HOME LOAN MTG CORPFTS10110 -4.238.822 747,000.00 SERIES 228 CLASS 10 6FITM MI300.0r 5A1 REPO 05104105 JOURNAL FEDERAL NATIONAL KIM ASSN 660.862 473,000.00 SERIES 346 CLASS 1 DUE I JON FITM AZ TERM MENT 05104/05 JOURNAL FEDERAL NATIONAL MTG ASSN -660,862 479,000.00 SERIES 346 CLASS 1 DUE 11 FITM lisp Al REPO A 0504x05 INTEREST FEDERAL NATIONAL MM ASSN EMI 1.214,03 SERIES 346 CLASS 1 DUE 1 Jill 0,000 FITM AZ REPO I 05109(05 JOURNAL FEDL NOME LOAN MTE1 CCAPFTS10110 2.295.719 SERIES 228 CLASS 10 6,000 DUE 02/01/35 FITM FI233173 A2 TERM REPO AGREEMENT 05109(05 JOURNAL FEDL NOME LOAN MTEI CORPFTSTOT 10 NNW -2.295.719 423,000.00 SERIES 228 CLASS D 6F.000 ITM WWI REPO A 05109(05 JOURNAL UNITED STATES TREASURY NOTE SIM -40.000.000 39.400.000.00 FITM j Al 4,000 15 REPO AGREEMENT 05109(05 JOURNAL UNITED TALES TREASURY NOTE 60.000.000 59.400.000.00 RIM A2 FINANCIAL TRUST CO INC STATEMENT PERIOD *11 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT *11 29.2005 4,000 15 TERM REPO AGREEMENT 027 0601.05:09:03 001 Yale EFTA00196134 CLEARED THRouGH ITS imiCtLY OmED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 21 0 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPRCH SYMEICASCUSIP OUN0ITY DEBIT AMOUNT CREDIT AMOUNT 05109105 RECEIVED UNITS) STATES TREASURY NOTE 20.000.000 20.000.000 .00 DUE 04+30/2007 3.625 FITM Al 3.625 Dia11(7 RESALE T 05109+05 DEUVERED UNITED STATES TREASURY NOTE -50,000.000 50.125.000.00 DUE 04+30'2007 3.625 FILM A2 3.625.01t7 Em TERM ENT 05109+05 INTEREST UNITED STATES TREASURY NOTE 41,365,50 DUE 4.000 FITM A2 REPO I 05109+05 INTEREST LRCM STATES TREASURY NOTE MEE 26,594,10 DUE 04+Weigi 1.625 05/11105 JOURNAL FEDERAL NATIONAL MTO ASSN 15.062.892 10.583.000 .00 SERIES 329 CUSS PO DUE 01101/33 STRIP FITM A2 TERM MENT Rpm" 05/11+05 JOURNAL FEDERAL NATIONAL MFG ASSN .15,062.892 10.851.000.00 SERIES 329 CLASS PO DUE 01101/33 STRIP FITM INF DI REPO A 05.111:05 JOURNAL FEDERAL NATIONAL MTG ASSN ISM 6.463,537 4,553.000 .00 SERIES 346 CUSS 1 DUE II FITM Q TERM MENT 027 0601.05:09:03 001 v878 FINANCIAL TRUST CO INC STATEMENT PER•00 April 30.2005 THROUGH May 31.2005 AccouNT NUMBER TAXPAYER NUEISER On File LAST STATEMENT A/3r11 29.2005 EFTA00196135 CLEARED THROUGH ITS WHOLLY 01MAED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 22 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCREMON SYMEICIJCUSIP 05/11/05 JOURNAL FEDERAL NATIONAL MD ASSN 05111105 JOURNAL SERIES 346 CLASS 1 DUE 11 FILM IMF' C1 REPO A FEDL ICIlE LOAN MTG COAPPSIOt 09 05/11:05 JOURNAL SERIES 227 CLASS 0 FAI SITMMR..A2 TERM DENT FEDL ICA WAN MI5 CORPeS °tee SERIES 227 CLASS 10 FA4 SIT4300 411. 111134A2 TERM Fon igiligMENT 05/11/05 JOURNAL FEDL NOME LOAN MIG OCAPeS10709 NMI 05/11/05 JOURNAL SERIES 227 CLASS 10 5,000 FEM A2 TERM ENT FEDL Wee LOAN MTG CORPOS 10109 SERIES 227 CLASS 10 06 1 05 JOURNAL 05 11 05 JOURNAL 5.000 11.34 FITM B1 REPO A FEDL NOME LOAN MI6 °CAPPS t Ot 10 SERIES 228 CLASS 10 6.000 FITM *WI REPO A FEDL !CM LOAN MI6 CORPoS10t10 SERIES 228 CLASS 10 6.000 ..35 FITM Al REPO A FINANCIAL TRUST CO INC STATEMENT PERIOD WI 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NLAISER On Fee LAST STATEMENT *11 29.2005 OTTANDre DEBIT AMOUNT CREDIT AMOUNT -6.463.537 4.666.000 .00 1 445 460 312.000.00 2.409,100 536.000.00 4.818,200 1,143,000.00 -8.672.760 1.887.000.00 -1.836.575 333,000.00 -2.295.719 415,000.00 027 0601.05:09:03 001 •.1178 EFTA00196136 CLEARED THROUGH ITS MIDST OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 23 c! aA Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEMEMENT TRADE DATE DATE TRANSACTION DESCRPRON SYMEOMICUSIP OVAMIN OMIT AMOUNT CREDIT AMOUNT 05/11105 05/11/05 MVOS 0511.05 OS 11r05 0611105 0511 /05 JOURNAL INTEREST INTEREST INTEREST INTEREST INTEREST INTEREST FEDL 1.1011E LOAN MTG CORPNS10110 SERIES 228 CLASS 10 6.000 FITM R.1.2 TERM MENT FEDERAL NATIONAL MM ASSN SERIES 329 CLASS PO STRIP DUE 01.0 0.000 FITM AZ REPO I FEDERAL NATIONAL MTO ASSN SERIES 346 CLASS 1 DUE I 1 0.000 ATM AZ REPO I FEDL HOME LOAN MTG COAPTIS10109 SERIES 227 CLASS 0 DUE Isis 6,000 FITM AZ REPO I FEDL HOME LOAN MTG COAPOS10839 SERIES 227 CLASS DUE 17.10 5,000 FITM REPO I FEDL HOME LOAN MTG CORPOS 10109 SERIES 227 CLASS 10 DUE I 6,000 FITM AZ REPO I FEDL ItME LOAN MTG CCePttS 10ii 0 SERIES 228 CLASS I0 NMI 2.295.719 423,000.00 27,603.99 11,875,74 228,11 I .222.08 2.981,32 77,31 FINANCIAL TRUST CO INC STATEMENT PERIOD WI 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER ROASTER On File LAST STATEMENT *11 29.2005 DUE 0 6.000 FRM AZ REPO I 027 0601EIS:09:02 001 Y878 EFTA00196137 CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 24 0 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETUMENT TRADE DATE DATE TRANSACRON DESCRPRON 05/12105 JOURNAL FEDL HOME LOAN MTG CORP8S10110 SERIES 228 CLASS 10 6,000 FITM RII.32 TERM MENT 05/12105 INTEREST FEDL HOME LOAN MIG CalPeS101 10 SERIES 228 CLASS 10 DUE 01. 6,000 FILM 82 REPO I 05113+05 JOURNAL FEDL HOME LOAN 1.11G 0C41PaS10110 SERIES 228 CLASS 10 6,000 11.5 FITM Al REPO A 05113 05 DELIVERED UNITED STATES TREASURY NOTE DUE 04+30/2007 3,625 3,625.tir m FITM A2 TERM ENT MI 3 05 RECEIVED UNITED STATES TREASURY NOTE DUE 04+3012007 3,625 3,625 INC FITM Al RESALE 0511345 JOURNAL FEDL NOME LOAN MTG COAP4S10109 SERIES 227 CLASS 10 FS.000 ITM AI REPO A 05/13+05 JOURNAL FEDL !CAE LOAN WC CORN'S i0109 SERIES 227 CLASS 10 5,000R. FITM TERM MENT FINANCIAL TRUST CO INC STATEMENT PERK* W130.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT Apill 29.2005 SYME/CLCUSIP PAUCITY DEBIT AMOUNT CREDIT AMOUNT 18,365,752 3.665.000,00 INN 8.741,03 -918.287 162,000,00 INK -20.000.000 20.000.000,00 INK 65,000.000 65.182.500,00 INN -2.409.100 516.000,00 NMI 2.409,100 556,000,00 027 0601.05:09:03 001 V878 EFTA00196138 CLEARED THROUGH ITS YOICALY 01MAED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 25 0 )) Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCROniON SYMECLoCUSIP OUANTITT DEBIT AMOUNT 05113105 INTEREST UNITED STATES TREASURY NOTE DUE 04+39L.2.00L7_ _3.625 05113/05 INTEREST FEDL NOME LOAN MTG CCAP#S10109 Miff 1.459,50 SERIES 227 LASS 13 DUE 12.0 5.000 ATM AZ REPO I 05116105 JOURNAL FEDERAL NATIONAL MTO ASSN SIM 15,544.793 11.174.000.00 SERIES 329 CLASS PO DUE 01101/33 STFUP FILM a_CZ FILM EE 6,05 JOURNAL FEDERAL NATIONAL MTG ASSN .15,544.793 SERIES 329 CLASS PO DUE 01+01/33 STRP ATM imp El REPO A 0596 :05 JOURNAL FEDERAL NATIONAL MTG ASSN -19.964.443 SERIES 352 CLASS 1 0.001 RIM 11.81 REPO A 05/I6 05 JOURNAL FEDERAL NATIONAL KIM ASSN 19.964.443 14.660.000,00 SERIES 352 CLASS 1 0.001RWI FITM AZ TERM ENT 05 16:05 JOURNAL FEDERAL NATIONAL MTG ASSN .18,577.270 SERIES 353 CLASS 2 5.000 IOW FILM CI REPO A FINANCIAL TRUST CO INC STATEMENT PERK* W130.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER musette On File LAST STATEMENT *11 29.2005 CREDO AMOUNT 5.394.44 11.334.000.00 14.434.000.00 3.844.000.00 027 060iieS09:03 001 ••1178 EFTA00196139 CLEARED THROUGH ITS WHOLLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 26 I )) Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SCM.EmENT TMDE DATE DATE TRANSACTION DESCRPRON SYME/CLCUSIP °WRY DEBIT AMOUNT CREDIT AMOUNT 05/16105 JOURNAL FEDERAL NATIONAL MD ASSN 18,577.270 4,211.000 )00 SERIES 353 CLASS 2 5,000 MA 31.2 TERM MENT 05/16105 JOURNAL FEDL HOME LOAN MTG CORPeS10109 INN -8.190.940 1,729.000 .00 SERIES 227 CLASS 0 5.000 RIM W31 REPO A 05.16.95 JOURNAL FEDL XOTdE WAN 1410 CORPeS10109 INN 8.190,940 1.837.000,00 SERIES 227 CLASS 10 F14 5114300 Oalleasi3452 TERM Fon ieligAAENT 0S96 t05 JOURNAL FEDL ROME LOAN WC CCAPaStOt 10 NMI 2.754,862 528.000.00 SERIES 228 CLASS 10 6.000 FITM TERM ENT 05.1 6 05 JOURNAL FEDL ROME LOAN MTG CORPoS ioi m 4.132.294 747.000,00 SERIES 228 CLASS 10 FITM AZ 6,0001.5 TERM MENT 091645 JOURNAL FEDI. ROME LOAN MI6 °CAPPS tOt 10 4887.157 1,190.000,00 SERIES 228 CLASS 10 6FITA4 .000 REPO A*Mr 05/16105 JOURNAL UNITED STATES TREASURY NOTE MIN 40.000.000 39.400.000,00 FITM Hip A2 4.000 15 TERM REPO AGREEMENT 05/16/05 JOURNAL LIMED TALES TREASURY NOTE .40.000.000 39.900.000,00 FITM Al FINANCIAL TRUST CO INC STATEMENT PERK* April 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER WEISER On FIk LAST STATEMENT *11 29.2005 4.125 15 REPO AGREEMENT 027 06014S:09:M 001 7878 EFTA00196140 CLEARED THROUGH ITS MIDST OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 27 o Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACDON DESCRITMON SYME/MICUSIP OWNTITY DEBIT AMOUNT CREDIT AMOUNT 05116/05 INTEREST FEDERAL NATIONAL MTO ASSN 30,598.14 05/16,65 INTEREST SERIES 329 CLASS PO STRIP DUE 01.01 0.000 ATM CZ REPO I FEDERAL NATIONAL MTG ASSN 33,880,89 SERIES 352 CLASS 1 DUE 07301 0.001 ATM AZ REPO I OS/16.95 INTEREST FEDERAL NATIONAL MTO ASSN 1111111 11,531,12 0916.05 INTEREST SERIES 353 CLASS 2 DUE 073.0. 5.000 ATM AZ REPO I FEDL HOME LOAN MTG OCAPPS10709 3.955.67 SERIES 227 CLASS 10 DUE 171.0. 6.000 FITM BZ REPO I 05116.05 INTEREST FEDL HOME LOAN MTG GailutStOt 10 NMI 887.48 05116,05 INTEREST SERIES 228 CLASS 0 DUE Oil. 6.000 FITM AZ REPO I FEDL HOME LOAN MTG COBH/SIDIIC .136.96 051605 INTEREST SERIES 228 CLASS Co DUE 0 ' 6.000 FITM AZ REPO I uraTE0 STATES TREASURY NOTE 18,758,78 FINANCIAL TRUST CO INC STATEMENT PERIOD *II 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT *11 29.2005 DUE 02/1 4.000 ATM A2 REPO I 1 027 0601.05:09:03 001 •e878 EFTA00196141 CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 28 c! Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION 05/17105 JOURNAL FANNIE MME GAO/SERIES 2003.52 KS-I/0 FUR FITM Al REPO 05/17105 JOURNAL GOVERNMENT NATIONAL MTO ASSN SERIES 2004.30 CLASS SU 4,210 110.2 FITM 81 REPO A 05/17105 JOURNAL FEDL /ME WAN lin CORPOS10110 SERIES 228 CLASS 10 6,000 lair5 FITM AI REPO A 0518x05 JOURNAL FREOOIE MAC CMO,SERIES 2886 SC-I/0 FLTR 4,210 II.19 FITM Al REPO A 05120105 JOURNAL FANNIE MME CATO/SERIES 2003.13 S RCR-1/0 FLTR 4,980 FITM JOINE2 TERM ENT 0520105 JOURNAL FANNIE MAE CA401SERIES 2003.13 S RCR-1/0 FLTR 4,980 FRM AI REPO A 05.20105 JOURNAL FANNIE MAE CarteSERIES 2003.13 S RCR-1/0 FLTR 4,980 Si FITM Al r REPO A SAileCrAusar FINANCIAL TRUST CO INC STATEMENT PERK* *1130.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT ApTII 29.2005 CA//MM DEBIT AMOUNT CREDIT AMOUNT -17,728,728 1.008.000 ,00 -24.954.730 1.340.000,00 -6.428.013 1.113.000,00 -8.743.867 594.000,00 25.769.620 .12,884.810 .12,884.810 996,000,00 027 0601.05:09:03 001 EFTA00196142 CLEARED THROUGH 11S YAICU.Y OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 29 c?)) Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEMEMENT MADE DATE DATE TV0S3ACSON DESCRPSON 05/20105 DELIVERED UNITED STATES TREASURY NOTE DUE 04/30/2007 3.625 3.625R)aitic Em FILM A2 TERM ENT 09/20105 RECEIVED UNITED STATES TREASURY NOTE DUE 04/302007 3.625 3.625 011i r FILM Al RESALE T 05/20/05 JOURNAL UNITED STATES TREASURY NOTE FILMApp. Al 4.125 15 REPO AGREEMENT 0512005 JOURNAL MATEO TALES TREASURY NOTE FILM A2 4.125 15 TERM REPO AGREEMENT SYMEICIAUSIP FINANCIAL TRUST CO INC STATEMENT PERIOD April 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT April 29.2005 MAMMY DEBIT AMOUNT CREDIT AMOUNT -65.000.000 65.162.500.00 78.000.000 78.292.500.00 -30.000.000 29.925.003.00 40.000.000 39.900.000 .00 09/20105 INTEREST MATEO STATES TREASURY NOTE DUE 04/W. 1.625 27,241,55 05120/05 INTEREST UNITED STATES TREASURY NOTE DUE 05/1116 A 1 2 5 FILM REPO Ihr 12,889,92 05/23/05 RECEIVED UNITED STATES TREASURY NOTE DUE 04/30/2007 3.625 3.625 Cla17 FILM Al RESALE T 48.000.000 48.180.000.00 09/23/05 DELIVERED UNITED STATES TREASURY NOTE DUE 04/30/2007 3.625 3.625a 7 FILM A2 TERM EEMENT -78.000.000 78.292.500.00 027 E601.05:09:03 001 '.878 EFTA00196143 CLEARED THROUGH ITS INIICtLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 30 ci )) Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) nice DATE TMOE DATE TRANSACTION DESCRFTION ST1.10CliCtISIP OTHATTITY Oen ;wow CREDIT AMOUNT 05/23/05 INTEREST malt° STATES TREASURY NOTE 17,681,06 DUE 04/30="II l7_ •-3.625 lb 0924/05 DELIVERED UNITED STATES TREASURY NOTE MEM -48.000.000 48.180.000.00 DUE 04/302007 3.625 RIM A2 3,625)117 TERM EMENT 05/24105 RECEIVED LINiTED STATES TREASURY NOTE MIS 61.000.000 61.305.000 ,00 DUE 04/30/2007 3,625 RIM Al 3,625 1S t RESALE T 05124105 JOURNAL UtaTED TATES TREASURY NOTE MIS -20.000.009 20.050.000.00 FITM Al 4,125 15 REPO AGREEMENT 06/24105 JOURNAL UNiTED ASURY NOTE 30.000.000 29.925.000.00 FITM A2 4.125 15 TERM REPO AGREEMENT 05/24/05 INTEREST mei STATES TREASURY NOTE 602.25 DUE OM ' 1,625 05/24/05 INTEREST UNITED STATES TREASURY NOTE 9.800,44 DUE OS/ 4,125 FITM A2 REPO I 0512905 JOURNAL FEDERAL NATIONAL MTG ASSN 647.064 479.000,00 SERIES 346 CLASS 1 DUE I 1 FITM A2 TERM MENT FINANCIAL TRUST CO INC STATEMENT PERIOD *11 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NumeER On File LAST STATEMENT *11 29.2005 027 Da0i.05:09:02 001 va7a EFTA00196144 CLEARED THRouGH ITS yniCu.Y OmED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 31 cI>x Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRFRON SYMeCt,CUSIF OVANTITY OMIT AMOUNT CREDIT AMOUNT 05/2905 JOURNAL FEDERAL NATIONAL MD ASSN -7.110,602 3.800.000 .00 SERIES 346 CLASS 1 FILM Al DUE 11AMil i REPO 05125105 JOURNAL FEDERAL NATIONAL MTO ASSN VIM 6.463.537 4.666.000.00 SERIES 346 CLASS 1 FILM C2 DUE 11.I. TERM MENT 06/26/05 JOURNAL FEDL ICA WAN MI6 CORPeSt0i09 2.409,100 516.000.00 SERIES 227 CLASS 10 S4300 411. 1" 134A2 FILM TERM MENT 0512905 JOURNAL FEDL NOME LOAN MTG 0C4IPeS10709 Min 8.190,940 1.729.000,00 SERIES 227 CLASS I0 S4300 FILM 31111 462 TERM AAENT 0512905 JOURNAL FEDL !ME LOAN MTG CORPOSI0109 8.672,760 1,887.000,00 SERIES 227 CLASS I0 S.000 FILM 30. 462 TERM MENT 092905 JOURNAL FEDL !ME WAN MI6 CORP#S10t09 -19,272.801 3.951.000,00 SERIES 227 CLASS 0 FSITM J" WC1 REPO A 092905 JOURNAL FREDOIE MAC CMOSER1ES 2886 .8.743.867 SC-L'0 FUR FINANCIAL TRUST CO INC STATEMENT PERK* April 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER WEISER On Fee LAST STATEMENT April 29.2005 4.210 19 FILM Al REPO A 027 060i,05:09:03 001 V878 EFTA00196145 CLEARED THROUGH ITS MIDST OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 32 ci Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACRON DESCRSTON SYMEMCUSIP PARTIN DEBIT AMOUNT 092905 JOURNAL FREDDIE MAC CMO,SERIES 2886 8.743.867 594,000,00 SC-1/0 RJR 4,210RIII19 FITM A2 TERM MENT 05.'25/05 JOURNAL FEDL FINE LOAN MIG CORPt/S10110 SERIES 228 CLASS 0 6F,000 A2 TERM MENT 05:25,05 JOURNAL FEDL TOME WAN TAM CORP#S10110 SERIES 228 CLASS 10 6,000 5 FITM A2 TERM MENT 0512905 JOURNAL FEDL HOME WAN MTG OCANIS10110 SERIES 228 CLASS 10 6,0003.035 FITM A2 TERM MENT 0512905 JOURNAL FEDL TOME LOAN MTG CORPoSioi 10 SERIES 228 CLASS 10 6,00011.35 FITM A2 TERM MENT 05125/05 JOURNAL FEDL TOME LOAN MI6 OCAPPS10110 SERIES 228 CLASS TO 6,000 FITM glidaliPsA2 TERM RelrEIMMENT 05125/05 JOURNAL FEDL /CM LOAN MIG CCAP8S10110 SERIES 228 CLASS 10 6,000 11.35 FITM 81 REPO A FINANCIAL TRUST CO INC STATEMENT PERIOD April 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NLAISER On File LAST STATEMENT April 29.2005 CREDIT AMOUNT 918,287 162.000,00 1.836.575 333.000,00 2.295.719 415.000,00 6.428,013 1,113.000,00 6.887,157 1,190.000,00 .18,365.752 3,000.000 ,00 027 0601.05:09:03 001 Y878 EFTA00196146 CLEARED THROUGH ITS ?imply OMYRO SUBSIOARy BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. =Pm 33 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS SETTLErADR DATE 0925/05 TMDE DATE TRANSACTION JOURNAL DESORPTION UMTEO STATES TREASURY NOTE ATM Amp A2 4,125 15 TERM REPO AGREEMENT (continued) 05/25/05 JOURNAL Frrm 4.125 REPO AGREEMENT UMTEO STATES TREASURY NOTE Al 5 STMECLCvSly MAMMY 20.000.000 own /MUM 20,050,000.00 FINANCIAL TRUST CO INC STATEMENT PERIOD *11 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT April 29.2005 CREDO' AMOUNT 23.000.000 23,143,750.00 05/25/05 INTEREST FEDERAL NATIONAL MTO ASSN SERIES 346 CLASS DUE 11.0 0.000 FRM A2 REPO I 919.28 05/25/05 INTEREST FEDERAL NATIONAL MTO ASSN SERIES 346 CLASS I DUE 11! 0.000 ATM C2 REPO I a 5.969.89 0925/05 INTEREST FEDL NOME LOAN LUG CCAPaS10109 SERIES 227 CLASS 13 DUE Ilia 5.000 ATM A2 REPO I 565.88 05.025/05 INTEREST FEDL HOME LOAN MTO CCAPRS10109 SERIES 227 CLASS 10 DUE flai l 5.000 ATM 62 REPO I 1.422.10 05.025/05 INTEREST FEDL HOME LOAN MTO CCAPRS10109 SERIES 227 CLASS 10 DUE I los 5.000 ATM 52 REPO I 2,414.31 05/25105 INTEREST FREDDIE MAC CMO/SERIES 2886 SC-90 FUR DUE Oil. 4.210 ATM A2 REPO I 380.00 027 0601.05:09:C0 001 11878 EFTA00196147 CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 34 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT DATE TRADE DATE TRANSACTION DESORPTION STMEIWCUSIP QUANTITY OMIT AMOUNT CREDIT AMOUNT 05/25105 INTEREST FEDL NOME LOAN MTO CORPaS10110 177,66 SERIES 228 CLASS 10 DUE 07jaris 6,000 FITM A2 REPO I 05125105 INTEREST FEDL NOME LOAN MTG CORPI.S10t 10 EMI 426,05 SERIES 228 CLASS 10 DUE lip 6,000 ATM A2 REPO I 06/2906 INTEREST FEDI. NOME LOAN MTG 00APdStOi 10 530,97 SERIES 228 CLASS 13 DUE 07.0 6,000 FITM A2 REPO I 0512905 INTEREST FEDL NOME LOAN MTG CORP#S1OI 10 813,73 SERIES 228 CLASS 10 DUE 0711. 6,000 FITM A2 REPO I 0512905 INTEREST FEDL NOME LOAN MTG CORPoS oi IC 978,78 SERIES 228 CLASS 10 DUE Oak. 6.000 FITM A2 REPO I 0512905 INTEREST UMTEO STATES TREASURY NOTE NMI 1.598,43 DUEOSJ 4,125 FITM A2 REPO I 092905 JOURNAL FANNIE MAE CmOSERiES 2003-13 12,636.068 S RCR-1,0 FOR 4,910 A2 RIM A 3 . TERM MENT FINANCIAL TRUST CO INC STATEMENT PERK* W130.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER WEISER On File LAST STATEMENT ApT11 29.2005 027 0601.05:09:03 001 Y878 EFTA00196148 CLEARED THROUGH ITS WHOLLY OMED SUBSIDIARY BUR STBMZNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 35 c. Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) FINANCAAL TRUST CO INC STATEMENT PERK* WI 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER Ai/' ER On File LAST STATEMENT *11 29.2005 ROWAN' TRADE DATE DATE TRANSACTION DESCRITTON SYMBOL,OVSIP OV$NTIW DEBIT AMOUNT cnEor AMOUNT 05,26/05 JOURNAL FANNIE MAE CMG/SERIES 2003.13 -6.318.034 S RCRAŽO FLTR 4.910Aliiiiir FITM Al REPO 05/26105 JOURNAL FANNIE MAE CMOSERIES 2003.13 S RCR-I10 FLTR 4.910 1133 FITM Al REPO A 05127/05 DELIVERED UNTED STATES TREASURY NOTE DUE 04t302007 3.625 3.625. 117 FITM A2 TERM e EMENT 05/27105 JOURNAL LINiTED STATES TREASURY NOTE FITM Hip A2 4.125 15 TERM REPO AGREEMENT 05127105 JOURNAL TINTED YATES TREASURY NOTE FITM Al 0.125 .15 REPO AGREEMENT -6.318.034 525.000.00 -61.000.000 61.305.000.00 23.000.000 23.143.750.00 -38.000.000 38.095.000.00 05.27105 INTEREST MATEO STATES TREASURY NOTE DUE 04/111 .625 10,898.67 0527'05 INTEREST UNIDO STATES TREASURY NOTE DUE 05ini. A€.125 21 FITM REPO Ihr 3.613.00 027 0600S:09:CO 001 V878 EFTA00196149 CLEARED THROuGH ITS wisCtLY OW,E0 SUEISIOally BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. =Pm 36 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE 1TIANSACRON DESCRIMON 05/31705 RECEIVED MATEO STATES TREASURY NOTE DUE 05131/2007 3.500 3.500 lik• FIRM Al RESALE STMEICISCUSIP OUANTITY DEBIT AMOUNT 54.000.000 54000000 .00 I STean SPCmit' GoI FINANCIAL TRUST CO INC STATEMENT Amon April 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER PANDER On File 'Ayr STATEMENT *11 29.2005 CREDIT AMOUNT TOTAL $857.808.788.09 $593,316.16207 MISCELLANEOUS DATE MODAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREPT AMOUNT OS02)05 JOURNAL FR CMDY NC 153.010.50 05/03/05 JOURNAL TO CMDY A/C 79.838.50 05/04105 JOURNAL FR CMDY NC 107.505.00 OS06+05 JOURNAL TO CMDY NC MI. 158.04/1.41 05/0945 JOURNAL FR CMDY NC 70660.50 05/1045 JOURNAL FR OMER NC 109.576.00 OS/12)05 JOURNAL TO CMDY NC 173.287.00 05/12105 JOURNAL FNMA-30YR(FNMA)GTO 43.750.00 SER.05/05 5.000 DUE 05101/35 MBS NET 05112/05 05/12105 JOURNAL FNMA-30YR(FNMA)GTO 50000.00 SER.05/05 5.500 DUE 05101/35 MBS NET 05112/05 05/16105 JOURNAL TO CMDY NC 106.290.00 05/I 845 JOURNAL FR CMDY NC 21.651.00 0919)05 JOURNAL TO GAM NC 611.641$0 027 0601,06:09:02 001 YSTS EFTA00196150 CLEARED THROUGH ITS WHOLLY OM.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 37 FINANCIAL TRUST CO INC STATEMENT PERIOD WI 30.2005 THROUGH May 31.2005 Transaction Detail (continued) MISCELLANEOUS (continued) DATE maw TRANSACTION DESCRIPTION DEBT AMOUNT ACCOUNT NUMBER TAXPAYER AVUSER ON File LAST STATEMENT April 29.2005 CTECIT AMOUNT 05120+05 JOURNAL FR CMDY NC 156.062.50 05/23/05 JOURNAL FR CMDY NC 127.115.50 05/24105 JOURNAL TO CMDY NC 154.789.50 05/2905 JOURNAL APR 05 SPEC CLEARING FEES 1.600,00 05/2905 JOURNAL TO CMDY NC 274.164.00 05/2645 JOURNAL CORRECT PRIOR ENTRY 5125 300.00 APR OS SPEC CLEAR FEES 05/26.105 JOURNAL TO CMDY AC 56.300.00 0527105 JOURNAL FR CMDY AC 95.850.00 05131:05 JOURNAL FR CMDY AC 960.00 TOTAL S.1.616254.91 $936.131.00 Trades Executed Pending Settlement SETRE1AENT TRADE DATE DATE TRANSACTION DESORPTION STME/OUCUSP CAJANMY PRICE DEBIT AMOUNT GRECO AMOUNT 0602105 05/27105 BOUGHT ALTERNATIVE LOAN TRUST 37.701.010 .00 2.1562 827.671.71 SERIES 2000-300B CLASS I -A-S 02.080% 57050000 BS 027 0601.05:09:03 001 YB78 EFTA00196151 CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 38 0 Trades Executed Pending Settlement (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 07/14105 05/06/05 SOLD 07/14105 05/19/05 BOUGHT 07/14105 0523/15 BOUGHT 07/I4/05 05/06105 SOLD 07/I4/05 05/26705 SOLD TOTAL DESCRPTION FNMA 30YR TBA OTD SETT. 07105 01/411005.000% 57440000 BS FNMA-30TR(FNMA)GID SETT.07/06 layillia05.500% 57050000 BS FNMA-30TR(FNMA)GID SETT.07/06 57100000 BS FNMA 300LiFNMAIGID SETT,0706 57450000 BS FNMA 30YRiFNMAIGTD SETT,07 06 F 05.500% 57180000 BS The chore Peons cti nol (ppm in airy cling saban o1 Iho staIerneet End of Statement FINANCIAL TRUST CO INC STATEMENT PERIOD April 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER MAIIIIER On File LAST STATEMENT April 29.2005 SWEID..CUSI> OJANTIP PRCE DEPT AMOUNT MCP AMOUNT -30.000.000 .00 98.5195 29.555.859 .38 30.000.000.00 100.867l 30.260.156.25 30.000.000.00 101 30.300.000.00 -30.000.000.00 100.5156 30.154.687 .50 -60.000.000 ,00 100.9531 60.571.875 .00 $61.387.827.96 ST 20.282.421.88 027 060105:09:03 001 T178 EFTA00196152 CLEARED 1HRCO3H ITS WHOLLY 01MNIED SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT S m ear. Stearns & Co. Inc. ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE wymr.bearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 7 Trades Not Yet Settled 36 Your Portfolio at a Glance TOTAL VAWE OF SECURITIES THIS PERIOD 2.900.677 LONG ACCRUED INTEREST 49.699 NET CREDIT BALANCE 180,992 NET EQUITY THIS PERIOD S3,131,368 NET EOINTY LAST STATEMENT 3.471,276 CHANGE SINCE LAST STATEMENT -339,907 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. IIIIIIIIII1111111 II FINANCIAL TRUST CO INC CIO JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Market Value of Your Portfolio Cash a Equvalent -IP $180.992 tr $77.668 Fixed Income 411 677 .............. $1335.615 I N Current market vane gig Last statements market value FINANCIAL TRUST CO INC STATEMENT PERIOD April 1.2005 THROUGH April 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT MVO 31.2005 Stno. S'ennirY r; awnabomi Reposes My It Is rid vendedacne. dee:wore Tres statecnore should be Maned ex your records. Soo renews.* tot topodare nrconatco 027 043005:11:24 001 1877 EFTA00196153 GEARED IHROUGH ITS WHOLLY OMAIED $1.1190MAv FINANCIAL TRUST CO INC 2 oi 37 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 04,3005:11:24 001 V877 EFTA00196154 CLEARED THROUGH ITS YilICtLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 3 o Cash Flow Analysis THIS PERIOD Income Summary PERIOD YEAS TO DATE Opening Balance $77.667.54 U.S. Govt. Bond Int. 185.544.78 2.696.00t23 Govt. Agency Int. 552.438.36 2.574.774.36 Securities Sold 1,359,111,947.26 Corp. Bond Int. 113.515.89 488,52726 Dividends Interest 852.373.23 Credit Balance Int. 874.20 2,83420 Miscellaneous 2,204,993.35 Reverse Repurchase Int. 167.202.34 993,733.64 Amount Credited 81,362,169,313.84 Total $1 019 575.57 $6 755 871.39 Securities Bought -1,358,335,855.07 Bond Purchase Int. -925.716.62 -4.426,001.99 Dividends/Interest Charged -925.716.62 Repurchase lnt. Exp. -242.166.81 -642,85923 Miscellaneous -2,804.417.29 Amount Debited $-1.362.065.988.98 Portfolio Composition Net Cash Activity 103,324.86 CashtCash Equivalent 180,992 ClosingBalance $180,992.40 Fixed Income 2.900,677 Total $3,081,669 Cash Balance Summary OM. NG CLOSING Margin 77.667.54 180,992.40 Net Cash Balance $77,667.54 $180,992.40 027 04.3005:11:24 001 FINANCIAL TRUST CO INC STATEMENT PERK* 1.2005 THROUGH April 29.2005 ACCOUNT NUMBER TAXPAYER WESER On File LAST STATEMENT March 31.2005 Your Portfolio Allocation Cash & Equivalent-, 5% — Fixed Income 95% Umeeled Graces emote OW beam", *eke Veil male valve Tea oloteee revenue, 0 Owed Icon to enaLte market rate pi >ye peen" 1877 EFTA00196155 CLEARED THRouGH 115 ieniCu.Y OmED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 4 cI '3? Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCPrION CASH BALANCE S.-AiSCLOSIP IAAPJ<ET ESTIMATED CuRRENT OurdaiTy pi:DcE vALuE !Mu& MCCUE VELD is.) 180.992 TOTAL CASH & CASH EQUIVALENTS $180.992 FIXED INCOME Government & Agency Obligations ACCT DESCRPRON SWA3OLCUSP TYPE FINANCIAL TRUST CO INC STATEMENT PERK* 1. 2005 THROUGH WI 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST sTATELIENT Mardi 31.2005 ACCRUED ESTRUM CURRAN PRICE MARKET VALLE MEREST ANNUAL INCOME YEID FEDERAL NATIONAL MTG ASSN MRGN SERIES 2003-49 CLASS SW DATED DATE 04/30/03 BOOK ENTRY ONLY DUE 01/25/2033 3.980% FACTOR .53416049 12,983,710 8,0124 1,040.305 5.741 516,752 49.6731 FEN. HOME LOAN NIG CORP#STCH TO MRGN 9.419,607 19.7500 1.860.372 43.958 565.176 30.3797 SERIES 228 CLASSIC DATED DATE 02/01A35 ROOK ENTRY ONLY DUE 02/01/2035 6.000% FACTOR .941%062 Total Government& Agency Obligations $2.900.677 $49.699 $1.081.928 TOTAL FIXED INCOME 52.900.677 $49.699 $1.081.928 YOUR PORTFOLIOHOLOINGSACCRUED INTEREST $49.699 YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME $1.081.928 YOUR PRICED PORTFOLIOHOLDINGS $3.081.669 027 04,3005:11:24 001 Y877 EFTA00196156 CLEARED IHRCUGH ITS WHOLLY ODYED SOMMER, BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 5 Repurchase and Reverse Repurchase Transactions with Bear,Stearns& Co. Inc.outstanding as of date of statement PLROOSS REPURCHASE PROM PURCHASE PRICE; ACCRUED REPO CAPMMY START DATE DATE RATE PRINCPAL MEREST' (FACE AMOUNT) CUSP DESCRIPTOR I it' Go' FINANCIAL TRUST CO INC STATEMENT PERIOD *II 1.2005 THROUGH Apt1 29.2005 =DEMIST NUMBER TAXPAYER PAAOER On File LAST STATEMENT Minh 31.2005 YOU PROVIDED FEDERAL NATIONAL MTG ASSOC (MARGIN) 02/07105 OPEN 0.000 -50.000,000 SEES 2003-13 CLASS 4.9800 oa25133 YOU SOLD FANNIEMAE STRIP (REPO) 04/04/05 05/04/05 3.080 473,000 -1.133 -910.000 SEES 346 CLASS PO 11101133 YOU SOLD FANNIEMAE STRIP (REPO) 04/11105 05/11/05 3.130 -10.583.000 -19.322 -30.000.000 SEES 329 CLASS PO 12/01/32 YOU SOLD FANNIEMAE STRIP (REPO) 04/11105 05/11/05 3.130 -4.553.000 -8.313 a090.000 SEEMS 346 CLASS PO 11101/33 YOU SOLD FEDERAL HOME LOAN STRIP (REPO) 04/11/05 05/11/05 3.130 -1.143.000 -2.086 -5.000,000 SEES 227 CLASS 10 5.0000 12/01/34 YOU SOLD FEDERAL HOME LOAN STRIP (REPO) 04/13105 05/13/05 3.150 -556.000 -924 -2.500,000 SEES 227 CLASS 10 5.0000 12/01/34 YOU SOLD FANNIEMAE STRIP (REPO) 04/15105 05/16/05 3.180 -11.174.000 -16.779 -30.959.779 SEES 329 CLASS PO 12/01/32 YOU SOLD FANNIE MAE STRIP (REPO) 04/15/05 05/16/05 3.180 -4.211.000 -6.323 -20.000.000 SEES 353 CLASS 10 5.0000 07/01/34 YOU SOLD FREDOIEMAC STRIP (REPO) 04/15/05 05/16/05 3.180 -3.665.000 -5.503 -20.000.000 SEES 228 CLASS 10 6.0000 02/01/35 YOU SOLD FANNIE MAE STRIPS (REPO) 04/20/05 05/16/05 3.200 -14.660.000 -15,637 -23.000.000 SEES 352 CLASS PO 07/01/34 YOU SOLD FEDERAL HOME LOAN STRIP (REPO) 04/22105 05/16/05 3.230 -1.837.000 -1.648 -8,500,000 SEES 227 CLASS 10 5.0000 12/01/34 027 04/30.01:11:24 001 4/77 EFTA00196157 CLEARED THROUGH ITS WHOU.Y omeo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 6 o Repurchase and Reverse Repurchase Transactions (continued) with Bear,Stearns& Co.inc.outstanding as of date of statement (continued) PURCHASE/ REPURCHASE PRICING PURCHASE HIVE£ ACCRUED REPO WINTRY START DATE DATE RATE PAINCTPAL MEREST' (FACE AMOUNT) CUSP DESCRIPTION FINANCIAL TRUST CO INC STATEMENT PER100 ARM 1.2005 THROUGH *11 29.2005 ACCOUNT NUMBER TAXPAYER PMUSER CR Fite LAST STATEMENT M&Ch 31.2005 YOU SOLD FREOCHEMAC STRIP (REPO) 04/22/05 05/16105 3.230 -528,000 -473 -3.000,000 SERIES 228 CLASS 10 6,0000 02/01/36 YOU PROVIDED FREDDIEMAC STRIP (MARGIN) 04/22,05 OPEN 0,000 -7.000.000 SERIES 228 CLASS 10 6,0000 02/01/36 YOU PROVIDED GOVERNMENT NATIONAL MTG ASSOC (MARGIN) 04/25105 OPEN 0,000 -26.400.000 SERIES 2004-5 CLASS P 3,9600 02/20/33 YOU SOLD FEDERAL HOME LOAN STRIP (REPO) 04,25/05 05711105 5,130 -536.000 -534 -2.500.000 SERIES 227 CLASSIC sp000 12/01/34 YOU PROVIDED FEDERAL HOME LOAN STRIP (MARGIN) 04,25105 OPEN 0.000 -1,500,000 SERIES 227 CLASSIC 5.0000 12/01/34 YOU SOLD USTR 4,0000 02/15/15 (REPO' 04:29;05 OPEN 2.750 -59.400.000 -13.612 -60.000.000 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS S-113.319.000 $42,287 'As ct skyorrom dr.* 027 01,30'05:11:24 001 YS77 EFTA00196158 CLEARED THROuGH ITS wisCtLY CAM,E0 SUBSIOally BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 7 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT DATE TRADE DATE TRANSACTKIN 04/01105 03/31/05 BOUGHT 04101105 03/31105 SOLD 04/01/05 03/31105 SOLD 04/07/05 PRINCIPAL 04108/05 04/07105 BOUGHT 04/13/05 03/1645 BOUGHT 04/13105 03/14105 BOUGHT DESORPTION UNITED STATES TREASURY NOTE 1.0.3.000% M 30 MATURITY GVER REF # G0901002 Al UNITED STATES TREASURY NOTE 03.750% MS 31 MATURITY GVER REF # G0901006 Al UNITED STATES TREASURY NOTE 03.750% MS 31 0 MATURITY GVER REF # G0901006 BI FEDL HOME LOAN MTG CORN/5101M SERIES 228 CLASS 10 6.000 DUE 02101/35 PRINCIPAL REDUCTN 04-15-05 UNITED STATES TREASURY NOTE DUE 02/15/2015 04.000% FA 15 SPECIAL INSTRUCTIONS YIELD 4.412 % M MATURITY GVER REF # G0970029 A7 AS OF 04/07105 FNMA 30111 OTO SETT. 04/05 Wit. 5.10:00% 7 0 BS NMA 30 fR GTD SETT. 0405 05.000% 57280000 BS I it' GoI FINANCIAL TRUST CO INC STATEMENT PERK* *II 1.2005 THROUGH WI 29.2005 ACCOUNT NUMBER TAXPAYER AMMER Cfl File LAST STATEMENT MVO 31,2005 STMEIOLCUMP CIVANTRY PRICE DEBIT AMOUNT GRECO' AMOUNT 50,000,000 ACM INT. 98.73047 49,365,234.38 377.071.82 MIS -30.000.000 99.91406 29.974,21B .75 ACCR, INT. 3.073.77 -50.000.000 99.91406 49.957.031 .25 ACCR, INT. 5.122.95 MIN -335.609 El= 40.000.000 96.73438 38,693,750.00 ACCR. 229,834.25 MIMI 5.000.000 97.93359 4.896.679.69 10.000.000 97.71094 9.771.093.75 021 04.3C•OS:l 1:24 ODI vs>, EFTA00196159 CLEARED THROuGH ITS WHOLLY omeo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 8 ci Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACT/DTI 04/1395 03/08(05 CANCEL SELL 04/1345 0310945 CANCEL SELL 04/13:05 03115(05 BOUGHT 04/13(05 03/14105 CANCEL SELL 04/13/05 03/18/05 CANCEL SELL 04/13(05 03/18(05 CANCEL SELL OESCRPTION FNMA 30YR GTO SETT. 04/05 05.000 +: 5803000 AS OF 03.08(06 TO CXL PREVIOUS SELL FNMA 30YR GTO SETT. 0495 57380000 AS OF 03/09(05 TO CA. PREVIOUS SELL FNMA 30YR GTO SETT, 04/05 1101 505.000% 7140000 FNMA 30YR GTO SETT 04/05 05.000% 57080000 AS OF 03/14(05 TO CA. PREVIOUS SELL FNMA 30YR GTO SETT. 04(05 illilik s05.000% 7000000 AS OF 03(18(05 TO CXL PREVIOUS SELL FNMA 30YR GTO SETT. 04/05 05.000 7050000 AS OF 03/18(05 TO CA. PREVIOUS SELL FINANCIAL TRUST CO INC STATEMENT PERK* *II 1.2005 THROUGH April 29.2005 ACCOUNT NUMBER TAXPAYER IMMER Cn Flle LAST STATEMENT Ukiah 31.2005 STUE/OLCUSP OVANTITY ma DEBIT AMOUNT CFEDI A/lOcter BS 10.000.000 98.48875 9.846.875.00 NMI 15.000.000 97.92188 14.688.281.25 BS 20.000.000 97.57813 19.515.625.00 BS 20.000.000 97.65625 19.531.250.00 BS 20.000.000 97.91016 19.582.031.25 BS 20.000.000 97.92188 19.584.375.00 BS 027 04300S:11:24 001 .87? EFTA00196160 CLEARED THROuGH ITS WHOLLY omeo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 9 ci P:• Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 04/13/05 03/09105 CANCEL SELL 04/13/05 03/0845 CANCEL SELL 04/13105 03/21105 BOUGHT 04/13/05 03130:05 BOUGHT 04/13/05 03/16/05 CANCEL BUY 04/13105 03/14105 CANCEL BUY DESORPTION FNMA 30YR OTO SETT. 04/05 05.000i 57320000 AS OF 03,09 OS TO CAL PREVIOUS SELL FNMA 30YR OM SETT, 04'05 06.000 7670000 AS OF 03/138t05 TO CM. PREVIOUS SELL FNMA 30YR OTO SETT, 04/05 1011111.05.000% 57140000 FNMA 30YR OTO SETT 04/05 05.000% 7320000 FNMA 30YR Om SETT, 04/06 05.000% 57130000 AS OF 03l6:05 TO CXL PREVIOUS BUY FNMA 301R GTO SETT. 04105 101.1.05.000% 57280000 BS AS OF 0114'05 TO CXL PREVIOUS MN FINANCIAL TRUST CO INC STATEMENT PERK* APII 1.2005 THROUGH &XII 29.2005 ACCOUNT NUMBER TAXPAYER IMMER Cn File LAST STATEMENT Ukiah 31.2005 10.100..CuSP OVANMY PRICE DEBIT AMOUNT CFEDI A/lOcter 20.000.000 97.99219 19.598.437.50 BS 20.000.000 98.53125 19.706.250.00 BS 40.000.000 97.75000 39.100.000.00 BS 50.000.000 97.39844 48.699.218.75 BS -5.000.000 97.93359 4.896.679.69 BS -10.000.000 97.71094 9.771.093.75 027 04300S:11:24 001 V877 EFTA00196161 CLEARED THROWN ITS WHOLLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 10 II? Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 04/13/05 03/08/05 SOLD 04/13/05 03/0945 SOLD 04113/05 03/15+05 CANCEL BUY 04/13+05 03/14105 SOLD 04/13+05 03/18+05 SOLD 04/13+05 03/18+05 SOLD 04/13+05 03/09/05 SOLD DESCRIPTION FNMA 30YR GTO SETT, 04/05 05.033% 58030000 FNMA 30YR GTO SETT. 0405 , 05.000% 57380000 FNMA 30YR GTO SETT, 04/05 111.1.5.000% 7140000 AS OF 03/1545 TO CM. PREVIOUS BUY FNMA 30YR COD SETT, 04/05 00/0005.000% 57080000 FNMA 30YR 01D ETT, 04,05 05.000% 57000000 FNMA 30YR GTO SETT. 04;05 7050000 FNMA 30YR WO S . 04;05 FINANCIAL TRUST CO INC STATEMENT PERIOD ADM 1.2005 THROUGH *11 29.2005 SIMEID:CuSP 0,AWNT, ACCOUNT NUMBER TAXPAYER NLM3ER LAST STATEMENT PRICE DEBIT AMOUNT OR File MVO 31.2005 CREDO AMOUNT BS 40,000.003 98.46875 9.846.875.00 11111 -15.000.000 97.92188 14.688.281 .25 BS 11111 -20.000.000 97.57813 19.515.625 .00 BS -20,000.000 97.65625 19.531.250 .00 BS -20.000.000 97.91016 19.582.031 .25 BS -20.000.000 97.92188 19.584,375 .00 BS NMI -20.000.000 97.99219 19.598.437 .50 05.000% 57320000 BS 027 04300S:11:24 001 .87? EFTA00196162 CLEARED THROUGH ITS WHOLLY CIMS*0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 11 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 04/13105 03/08/05 SOLD 04/13105 03/21105 CANCEL BUY 04/13105 03,030105 CANCEL BUY 04113105 03/14105 BOUGHT 04/13105 03/1645 BOUGHT 04/13105 03/08/05 CANCEL SELL OESCRPTION FNMA 30YR GTO SETT. 04/05 05.000% 7670000 BS FNMA 30YR GTO SETT. 04/05 1.1005.000% 57140000 BS AS OF 03/21/05 TO CXL PREVIOUS BUY FNMA 30YR GTO SETT. 04/05 05.000% 7320000 BS AS OF 03/30/05 TO CM. PREVIOUS BIN FNMA 30YR GTO SETT 04/05 05.500% 57290000 BS FNMA 30YR GTO SETT, 04/05 7240000 BS FNMA 30YR GTO SETT 04/05 05.500% 8150000 BS AS OF 03.08105 TO CM. PREVIOUS SELL I FINANCAL TRUST CO INC STATEMENT PERK* * 11 1.2005 THROUGH Apt1 29.2005 ACCOUNT NUMBER TAXPAYER PAINTER On File LAST STATEMENT MVO 31.2005 SYMEIOLCUS, oawrin PRCE DEBIT AMOUNT CREWE MOINE -20.000.000 98.53125 19106,250 .00 -40.000.000 97.75000 39.100000 .00 -50.000.000 97.39844 48.699.218 .75 5.000.000 100.13281 6.006.640.63 5.000.000 100.26563 5.013.281.25 10.000.000 100.70703 10.070.703.13 021 04.3C•Otr:11:24 ODI Y87/ EFTA00196163 CLEARED THROUGH ITS WHOU.Y onneo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 12 ci (( Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACI109 04/13/05 03/09105 CANCEL SELL 04/13/05 03109.'05 CANCEL SELL 04/I 3.85 03/29105 BOUGHT 04113.85 03(30(05 BOUGHT 04/13/05 0311485 CANCEL BUY 04/13(05 03/16105 CANCEL BUY OESCRIPTION FNMA 30YR OTO SETT, 04/05 57390060 AS OF 03(09(05 TO CAL PREVIOUS SELL FNMA 30YR OTO SETT, 04105 05,500 57280000 AS OF 03409(05 TO CXL PREVIOUS SELL FNMA 30YR GTO SETT, 0405 illiga0105.503t. As OF 032905 57130000 FNMA 30YR GT D SE II, 04.05 1111.05.503% 57390000 FNMA 30YR 010 ETT, 0405 05.500% 57290000 AS OF 03/14/05 TO CXL PREVIOUS BIN FNMA 30YR OTO SETT, 04/05 1.01105.503 ,4 57240000 BS AS OF ca mos TO Ca PREVIOUS BIN FINANCIAL TRUST CO INC STATEMENT PERK* )9310 1.2005 THROUGH *11 29.2005 SIN00...CLISP OHNTITY PRICE AGLOW! NUMBER TAXPAYER NASSER LAST STATEMENT DEBIT AMOUNT Cn File Merck 31.2005 CFEOIA/hOcter 15.000.000 100.28125 15.042.187.50 BS 20.000.000 100.34766 20.069.531,25 BS 20,000.000 101.48438 20.296.875.00 BS 35.000.000 99.81250 34.934.375.00 BS -5.000.000 100.13281 5.006.640.63 BS Siff -5,000.000 100.26563 5.013.281.25 027 04300S:11:24 001 .87? EFTA00196164 CLEARED THROUGH ITS Yi/IDALY OBS*0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 13 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 04/13105 03/08/05 SOLD 04/13105 03/09/05 SOLD 04113+05 03/09.05 SOLD 04113105 03/29.'05 CANCEL BUY 04/13:05 03:30:05 CANCEL BUY 04/13+05 03/29.'05 CANCEL SELL 0E5CnenON FNMA 30Th GTO s SEIT. 04/05 05.500% 8150000 BS FNMA 30Th 010 SETT, 04/05 05.50054 7390000 BS FNMA 30YR OTO SETT, 04/05 7280000 BS FNMA 30YR OTO 7130000 BS AS OF 0129.105 TO C)3. PREVIOUS BUY FNMA 30YR OTO SETT, 04/05 05.500% 7390000 BS AS OF 0340.105 TO CIO- PREVIOUS BIN FNMA-30YR(FNMA)01D SETT 04'05 06.000% 57090000 BS AS OF 03.29 05 TOGO. PREVICUS SELL 1. SIean $PCmitkf EAR FINANCa TRUST CO INC STATEMENT PERIOD Apt1 1.2005 THROUGH *11 29.2005 SYMBOL:CUSP CLANTITe PRCE ACCOUNT NUMBER TAXPAYER PAINTER LAST STATEMENT DEBIT AMOUNT On File MVO 31.2005 clear SCUM -10.000.000 100.70703 10.070.703 .13 -15.000.000 100.28125 15.042,187 .50 -20.000.000 100.34766 20.069.531 .25 -20.000.000 101.48438 20.296.875 .00 Illiff -35.000.000 99.81250 34.934.375 .00 SIM 20.000.000 101.71875 20.343.750.00 021 04.3C•OtKI 1:24 ODI vs>, EFTA00196165 CLEARED THROUGH ITS MIPS? 011X.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 14 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTOR 04713/05 03/30/05 CANCEL SELL 04/I 345 04/06/05 BOUGHT 04/13/05 04/07105 BOUGHT 04/I 3/05 03/2945 SOLD 04/13/05 03/30:05 SOLD 04/13/05 04/06.05 CANCEL BUY OESCRPTION FNMA-30YR(FNMA)GID SETT.04105 06.009, 7150000 AS OF 03,30,05 TO CAL PREVIOUS SELL FNMA-30YR(FNMA)G1D SEIT.04.05 01.111 506.000, 7509000 FNMA-30YR(FNMAXDO SETT.04/05 06.000% 57250000 FNMA-30YR(ENMA)GID SETT.04105 7090000 FNMA-30)41(FNMA)G1D SETT.04/05 06.000% 7150000 FNMA-30YR(FNMA)GID SETT.04/05 06.000% 7500000 AS OF 040685 0 CxL PREVIOUS BUY FINANCIAL TRUST CO INC STATEMENT PERIOD April 1.2005 THROUGH April 29.2005 AGLOW! NUMBER TAXPAYER NLP9ER OfiFile LAST STATEMENT Muth 31,2005 XIMEICLCUSP CSAV4MY PRICE DEBIT AMOUNT CRUM AAIDUNr 20.000,000 101,92188 20,384.375,00 BS 20.000.000 102.45313 20.490.625.00 BS 20.000.000 102.64063 20.528.125.00 BS -20,000.003 101.71875 20.343,750,00 BS as -20.000.000 101.92188 20.384.375,00 -20.000.000 102,45313 20.490.625,00 BS 027 04900511:24 001 VS77 EFTA00196166 CLEARED THROWN ITS WHOLLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 15 0 )? Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION DESCRIPTION SYMEICL.00SP CVANTITY PRia DEIST AMOUNT CREW AMOUNT 04/13/05 04/07105 CANCEL BUY FNMA-30YR(FNMA)GTD SETL04105 06.000% -20.0043.000 102.64063 20,528,125.00 57250000 BS AS OF 04/07/05 TO CAL PREVIOUS BUY 04/13/05 04/12)05 BOUGHT UNITED STATES TREASURY NOTE 20.000.000 100.10156 20,020,312.50 03.750% MS 31 ACCR, MT. 26,639.34 MATURITY GVER REP N G1021009 Al 04/18/05 0312945 BOUGHT FNMA 30YR OTO 20.000.000 101.48438 20.296.875.00 SETT, 04/05 05.500% 57130000 BS 04/18/05 0329)05 CANCEL BUY FNMA 30YR OTD sios SEIT. 04/05 05.500% 7130000 BS Milli -20,000.000 101,48438 20.296.875 MO AS OF 03)2945 TO C)1. PREVIOUS BUY 04/18/05 03115+05 CANCEL SELL FNMA-15YR(FNMA- %GTO 20.000.000 97.74219 19.548.437.50 SETT,04105 7250000 BS AS OF 03/15/05 TO CM. PREVIOUS SELL 04/18/05 03/14105 BOUGHT FNMA- I 5Y11(FNMA-I5)GTD 20.000.000 97.77344 19.554.687.50 SETT.0406 FINANCIAL TRUST CO INC STATEMENT PERK* *II 1.2005 THROUGH April 29.2005 ACCOUNT NUMBER TAXPAYER HUNTER On File LAST STATEMENT MVO 31.2005 0.01004.500 ,4 57040000 BS 027 04300S:11:24 001 V877 EFTA00196167 CLEARED THROUGH ITS MIMI? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 16 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SEMWENT DATE TRADE DATE TRANSACTION 04/18105 03/09105 CANCEL SELL 04/18/05 03/08105 BOUGHT 04/18+05 03115+05 SOLD 04/18+05 03114+05 CANCEL BUY 04/18+05 03/09/05 SOLD 04/18+05 03/08105 CANCEL BUY OESCRIPTION FNMA-15YR(FNMA-15)1TD SETT,04105 01.01 04,500% 57590000 AS OF 03,09,05 TO C/3. PREVIOUS SELL FNMA-15YRIENMA. 151GT0 7680000 FNMA-15YR(FNMA-15)GTO SETT,04+05 04,500% 7250000 FNMA- I SYNFNMA. 151GT0 SETT,04105 57040000 AS OF 03/14+05 TO CXL PREVIOUS BUY FNMA-15YR(FNMA. StOTO SETT,04105 ' 7590000 FNMA-15YR(FNMA-15)GTO SETT 04105 04500% 7680000 BS AS OF 03/08105 TO CM. PREVIOUS BUY FINANCIAL TRUST CO INC STATEMENT PERK* April 1.2005 THROUGH April 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT AMMO 31.2005 snieoucuse OUNERTE PRICE DEBIT AMOUNT CREDI A/lOcter 20,000,000 97,96313 19.590.625,00 BS 20.000.000 98,54688 19.709.375,00 BS -20.000.000 97,74219 19.548.437 ,50 BS -20,000.000 97,77344 19.554.687 ,50 BS -20.000.000 97,95313 19.590.625 ,00 BS -20.000.000 98,54688 19.709.375 ,00 027 04300S:11:24 001 V877 EFTA00196168 CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 17 a Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSICTON 04/18+05 03/29,05 BOUGHT 04/18/05 034045 BOUGHT 04/18105 04/06105 CANCEL SELL 04/18105 04/07105 CANCEL SELL 04/18/05 0128,05 CANCEL BUY 04/18/05 03/30105 CANCEL BUY DESCRIPTION FNMA-15YR(FNMA-15)0T0 05.500% 7130000 BS AS OF 03+29/05 FNMA-15YR(FNMA-15)GTO SETT.04105 1011.5 05.5" 7110000 BS FNMA-ISYR(NMA-15)GTO 05.50096 7540000 BS AS OF 04/06105 TO CXL PREVIOUS SELL FNMA-15YR(FNMA- I SGTO SETT:34105 05,500% 57290000 BS AS OF 04/07+05 TO CA. PREVIOUS SELL FNMA- SYNFNItIA- StGTO 05.500% 7130000 BS AS OF 03+29105 TO CXL PREVIOUS BUY FNMA-1501(FNMA-15}0T0 SETT:34105 illare 05.500% 57110000 ES AS OF 0380105 TO CXL PREVIOUS BUY FINANCIAL TRUST CO INC STATEMENT PERK* April 1.2005 THROUGH April 29.2005 ACCOUNT NUMBER TAXPAYER KAMER Cn Flle LAST STATEMENT March 31.2005 SYMEIO.CuSP CANNTITV PRICE DEBIT AMOUNT CFEOIA/lOcter Asir 20.000,000 20.000.000 101.48438 101,64063 20.296.875.00 20.328.125 .00 lilt 20.000.000 102.06250 20.412.500.00 20.000.000 102.17188 20.434.375.00 -20.000.000 101.48438 20.298,875 ,00 -20,000.003 101.64063 20,328,125.00 027 04300S:11:24 001 '.87? EFTA00196169 CLEARED THROUGH ITS YAIOU.Y OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 18 ci Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE 04/1&05 04/06105 04/18s35 04/07105 04/18/05 04/15/05 04/19/05 04/18+05 04/20105 04/1845 0422/05 04/21105 04/2905 TRANSACTION SOW SOW DESCRIPTION STMEIELCuSP MANI Ir.' FNMA-151Ft(FNMA-15)0TD mais SEIT.04105 05.500% 7540000 FNMA-15YR(FNMA-15)GTO SETL04/05 BS 11111 -20.000.003 -20.000.000 .1005.500% 57290000 BS BOUGHT UNITED STATES TREASURY NNE DUE 02/15/2015 04.000% FA 15 SPECIAL INSTRUCTIONS ericE 102.06250 FINANCIAL TRUST CO INC STATEMENT PERK* 1.2005 THROUGH *11 29.2005 ACCOUNT NUMBER TAXPAYER NUMER Cfl File LAST STATEMENT MVO 31.2005 DEW AMOUNT MCAT AMOUNT 20.412.500 .00 102.17188 20.434.375 ,00 5.000.000 ACCR, 97.71876 VIEW 4.286 % TO MATURITY GYER REF # G1053517 A3 WWEB SOW UNITED STATES TREASURY NOTE -15.000.000 98.05469 04.000% FA 15 MATURITY GYER REF # G1081006 Al ACCR, INT, BOUGHT FEDERAL NATIONAL WO ASSN 20.311.170 78.68750 SERIES 352 CLASS 1 00.001% 57040000 BS SOW UNITED STATES TREASURY NOTE -T0,000.000 97.62600 04.000% FA 15 . . 0 MATURITY ACCR, GYER REF # G1111026 Al PRINCIPAL FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 01/01/33 STRIP PRIN RID 03-05 ND 04-25-05 REPO P S I 0.0000 4.885.937,50 34.260.14 14.708.203.13 104.419.88 15.982.352.30 9.762.500.00 72.928.18 405,707.10 027 0430,0S:11:24 001 "877 EFTA00196170 CLEARED THROUGH ITS WNW.? OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 19 o Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACTOR DESCRPTION SIMEIO:CLISP OJANNTe PFPCE STATEMENT PERIOD THROUGH ACCOUNT NUMBER TAXPAYER AILIMER LAST STATEMENT DEBIT AMOUNT *II 1.2005 *11 29.2005 CR Fite Much 31.2005 CREDIT MnOvio 04/25/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 418,686.74 SERIES 329 CLASS PO WE 01/01/33 STRIP F'RIN RID 03-05 PAD 04-25-05 REPO P 8I 0.0000 04,25'05 PRINCIPAL FEDERAL NATIONAL MTG ASSN -342.955 SERIES 2003-49 CLASS SW 4.150 DUE 01/25/33 PRINCIPAL REDUCTN 04-25-05 04,25105 PRINCIPAL FEDERAL NATIONAL MTG ASSN 16.920.27 SERIES 346 CLASS 1 DUE 11/01/33 PRIN RID 03-06 ND 04-25-05 REPO P 8I 0.0000 04,25105 PRINCIPAL FEDERAL NATIONAL MTG ASSN 38.860.83 SERIES 346 CLASS 1 DUE 11/01/33 PAIN RID 03-05 PAD 04-25-05 REPO P 8I 0.0000 04/25/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 130.15,5.90 SERIES 346 CLASS 1 DUE 11/01/33 PAIN RID 03-05 ND 04-25-05 REPO P 8I 0.0000 04,2805 04/27/05 BOUGHT UNITED STATES TREASURY N3TE VIM 10,000.000 100,28125 10,028,125.00 DUE 0131/2007 03.750% MS 31 ACC/, INT. 28,688.52 SPECIAL INSTRUCTIONS YIELD 3.596 % TO MATURITY OVER REF # G1173441 A3 WWEB 04,2905 04/2845 BOUGHT UNITED STATES TREASURY NOTE 10,000.000 98.78125 9,878,126 .00 04.000% FA IS ACC/, INT. 80,662.98 0 MATURITY GVER REF # G1181014 Al FINANCIAL TRUST CO INC 027 0430CS:11:24 001 V877 EFTA00196171 CLEARED THROUGH ITS viHOLY OW ,E0 SUOSIOATiv BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 20 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 04/29105 TRADE DATE TRANSACT/DTI 04/28/05 BOUGHT OESORPTION UNITED STATES TREASURY NOTE 03.750% MS 31 MATURITY GVER REF # GI 181005 Al SY1A301XLISP GUMMY PRICE 50,000,000 100.30078 ACCR. M. I FINANCIAL TRUST CO INC STATEMENT PERK* 1.2005 THROUGH *11 29.2005 ACCOUNT NUMBER TAXPAYER NUMER On File LAST STATEMENT MVO 31,2005 DEBIT AMOUNT 50.150.390 .63 148.585.57 CREDO MOM TOTAL $416.1102,404.18 5722.470.28920 INTEREST DATE DESCRIPTION STAIDOUCUSIP OUPATITY RATE o4 CENT AMOUNT CREDIT AMOUNT 04101105 AVG SAL 528.740 RT 1.920 874.20 021 OFFICE INTEREST 0305 04/154)5 FEDL HOME LOAN MTG CORP/410109 USE 5.0000 34.736.63 SEEMS 227 CLASS 10 DUE 12/01/2034 5.000 INT RID 03.05 ND 04-15-05 REPO P &I 5.0000 04/1905 FEDL HOME LOAN MTG 00AP/410109 5.0000 46.996.61 SERES 227 CLASS 10 DUE 12/01/2034 5.000 INT RID 03.05 ND 04-15-05 REPO P &I 5.0000 04/1905 FEDL HOME LOAN MTG CORP/S10110 6.0000 48.776.08 SERES 228 CLASS 10 DUE 02/01/2035 6.000 INT RID 03-05 PA) 04-15-05 REPO P &I 6.0000 04/18'05 FEDL HOME LOAN MTG OCAP#S Ot 10 6,0000 48.776.08 SERES 228 CLASS 10 DUE 02/01/2036 6.000 INT RID 03-05 PA) 04-15-05 REPO P S I 6.0000 02/ 043005:11:24 001 V877 EFTA00196172 CLEARED THROUGH ITS YAIOU.Y omen SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 21 0 'J.( Transaction Detail (continued) INTEREST (continued) FINANCIAL TRUST CO INC STATEMENT PERK* *11 I. 2005 THROUGH *11 29.2005 ACCCUNT NUMBER TAXPAYER AVSMER Oil File LAST STATEMENT MATO 31.2005 DATE DESCRIPTION STMSELCUSIP WARM' RATE IY4 DEBIT AMOUNT CREDIT AMOUNT 04/15/05 FEDL HOME LOAN WIG OORPPS10i 10 6.0000 48.776.08 SERES 228 CLASS 10 DUE 02/01/2035 6.000 INT RID 03-05 PAZ( 04-15-05 REPO P &I 6.0000 04/15/05 FEDL HOME LOAN WIG CORPPS10i 10 INN 6.0000 48.776.08 SERIES 228 CLASS 10 DUE 02/01/2035 6.000 INTEREST PAYMENT 04-15.05 04/20/05 GOVERNMENT NATIONAL MTG ASSN NMI 4.1000 14.691.67 SEEMS 2004-5 CUSS PS DUE 02/20/2033 4.100 INT RID 03-05 PM 04-20-05 REPO P SI 4.1000 04/20/05 GOVERNMENT NATIONAL MTG ASSN NMI 4.1000 60.133.33 SERES 2004-5 CLASS PS DUE 02/20/2033 4.100 INT RID 03-05 PA) 04-20-05 REPO P I 4.1000 04/20(05 GOVERNMENT NATIONAL MTG ASSN NMI 4.1000 75.508.33 SERIES 2004-5 CLASS PS DUE 02/20/2033 4.100 INT RID 03-05 ND 04-20-05 REPO P I 4.1000 04/25/05 FANNIE MAE CMO/SERIES 2003.13 5.1500 113.515.89 S RCA-60 RTR DUE 03/25/2033 5.150 INT RID 03-05 PM 04-25-05 REPO P SI 5.1500 04/25/05 FEDERAL NATIONAL MTG ASSN MIS 4.1500 46 088.05 SERES 2003-49 CLASS SW DUE 01/25/2033 4.150 INTEREST PAYMENT 04-25.05 027 043005:n:24 001 EFTA00196173 CLEARED THROUGH ITS WHOLLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 22 c, Transaction Detail (continued) INTEREST (continued) DATE DESORPTION 04125105 FEDERAL NATIONAL MTO ASSN SERES 353 CLASS 2 DUE 07/01/2034 5.000 INI ND 03-05 P/D 04-2S-0S REPO P 8I 5.0000 TOTAL 4866,824.45 ST/ABOLOUS,P QUANTITY RATE Ice! 5.0000 DENT AMOUNT FINANCIAL TRUST CO INC STATEMENT PERKO ADM 1.2005 THROUGH *11 29.2005 ACCOUNT NUMBER TAXPAYER MAUMER Ofl File LAST STATEMENT MATO 31.2005 CREDIT AMOUNT 79.179.42 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stearns& Co. Inc. SETTLEMENT DATE TRADE DATE TRANSACTION DESORPTION SYMBOLCUSiP 0.:NYNT, DEBIT AMOUNT CREDIT AMOUNT 04/01105 04ADVOS 04/01105 04,0405 04:04/05 DELIVERED PECENED INTEREST JOURNAL JOURNAL UNITED STATES TREASURY NOTE DUE 12/31/2006 3.000 3,000 ATM 310Ir2 TERM EEMENT UNITED STATES TREASURY NOTE DUE 03/31:2037 3.750 3 750 7 FITM RESALE UNITED STATES TREASURY NOTE DUE 12/ 1000 FEDERAL NATIONAL MTO ASSN SERIES 346 CLASS 1 RIM A2 DUE 11A. TERM MENT FEDERAL NATIONAL 1,11G ASSN SERIES 346 CLASS 1 DUE 11 MIMI -50,000.000 80,000.000 677.782 -677.782 80.000.000.00 49.875.000.00 37.752,60 473,000.00 ATM Al REPO A 027 04300 Si 1:24 001 V877 EFTA00196174 CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 23 )7 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPT1ON 0410846 JOURNAL FEDERAL NATIONAL MTO ASSN SERIES 346 CLASS 1 DUE 11 ATM A2 TERM MENT 04/08/05 JOURNAL FEDERAL NATIONAL MM ASSN SERIES 346 CLASS DUE 11Aiii r FILM Al REPO 0403/06 JOURNAL FEDERAL NATIONAL 1,116 ASSN SERIES 346 CLASS 1 DUE 1:11. RIM Al REPO 0410&06 JOURNAL UNITED TATES TREASURY NOTE FILM A2 4.000 , 15 TERM REPO AGREEMENT 04108/05 JOURNAL MATEO TREASURY NOTE F1TM Al 4.000 16 REPO AGREEMENT STMOWCUSIP FINANCIAL TRUST CO INC STATEMENT PERK* April 1.2005 THROUGH WI 29.2005 AccouNT NUMBER TAXPAYER WEEDER On Rile LAST STATEMENT March 31.2005 OUNCITif OMIT AMOUNT CREDIT AMOUNT 1.517,805 .1.089.333 .428A71 297,000.00 30.000.000 28.800.000.00 -70.000.000 67,660,000.00 04108/05 INTEREST IMMO STATES TREASURY NOTE DUE OAK. 4.000 RI n M REPO I 22,200,00 04/11105 JOURNAL FEDERAL NATIOALAL MTO ASSN SERIES 329 CLASS PO DUE 01/01/33 STRIP FILM imp Al REPO A -15,359.406 10.583.000.00 027 04,30,05:11:24 ROI Y877 EFTA00196175 CLEARED THROUGH ITS %MELLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 24 c? Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TIUNSACTION DESCRPRON 04/11/05 JOURNAL FEDERAL NATIONAL NM ASSN SERIES 329 CLASS PO DUE 01101/33 STRIP ATM A2 REPO 04/11/05 JOURNAL FEDERAL NATIONAL MTO ASSN SERIES 329 CLASS PO DUE 01101/33 STRIP ATM mop A3 REPO A 04/11+05 JOURNAL FEDERAL NATIONAL WO ASSN SERIES 329 CLASS PO DUE 01/01133 STRIP ATM A2 TERM MENT SYME/C1JCUSIP WARM' Calf AMOUNT 15.359.406 10,583,000 .00 FINANCAL TRUST CO INC STATEMENT PERIOD 1. 2005 THROUGH *11 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER On PIM LAST STATEMENT March 31.2005 CREDIT AMOUNT -15,359.406 10.583.000 00 15,359.406 11.902.000.00 04/11+05 JOURNAL FEDERAL NATIONAL MM ASSN SERIES 346 CLASS 1 DUE 11 ATM A2 TERM MENT 04/11+05 JOURNAL FEDERAL NATIONAL MTO ASSN SERIES 346 CLASS 1 DUE 11 ATM A2 TERM MENT 1.089,333 428.471 297.000.00 04111/05 JOURNAL FEDERAL NATIONAL WC ASSN SERIES 346 CLASS 1 DUE 11 ATM A2 TERM MENT 04/11105 JOURNAL FEDERAL NATIONAL 1110 ASSN SERIES 346 CLASS 1 DUE 11 ATM Al REPO A 5.083,557 3,608.000 .00 -6.601.362 4,553.000 .00 027 04300S:l 1:24 001 V877 EFTA00196176 CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 25 )./ Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRACE DATE DATE TRANSACTION DESORPTION 04/11105 JOURNAL GOVERNMENT NATIONAL MTO ASSN SERIES 2004-5 CLASS PS 4.100 • . FITM Al REPO A 04/11105 JOURNAL GOVERNMENT NATIONAL MM ASSN SERIES 2004-5 CLASS PS 4.100 FITM TERM MENT 0411:05 JOURNAL FEDL /OA WAN MIGOORPoSt0i09 SERIES 227 CLASS 10 FITM ITM 411." 134A2 TERM ForAIMMENT 04/11105 JOURNAL FEDL NOME LOAN MIG OCAP4S10709 SERIES 227 CLASS 10 5.000 WI FITM Al REPO A 04/11105 JOURNAL FEDL NOME LOAN MTG CORPoS 101 Oe SERIES 227 CLASS 10 5.000 WM FITM Al REPO A 04,11,05 JOURNAL FEDL NOME LOAN MI6 °CAPPS tOt 10 SERIES 228 CLASS 10 6.000 FITM AI REPO A 04 11 05 JOURNAL FEDL ACME LOAN MI6 00APaS10t10 SERIES 228 CLASS 10 6.00030. 5 FITM A2 TERM MENT FINANCIAL TRUST CO INC STATEMENT PERKO AP.11 1.2005 THROUGH *11 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER On FIN LAST STATEMENT March 31.2005 SYMODUCUSIP MANTON, 0193IT AMOUNT CREDIT Amour -22,100.003 2,142,000.00 ISM 22.100.000 2.601.000.00 11.163.178 -6.309.622 .4.853.556 1.143.000.00 .9.419.606 1,955,003.00 ISM 9.419,606 2,018.000.00 027 0430,0S:11:24 001 V877 EFTA00196177 CLEARED THROuGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 26 IJi Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEMEMENT TRADE DATE DATE TRANSACDON DESCRPRON SYMEMICUSIP GUMMY 01931T AMOUNT 04/11/05 INTEREST FEDERAL NATIONAL MTO ASSN 83.208.20 SERIES 329 CLASS PO STRIP DUE 01 0.000 FITM AZ REPO I 04/11105 INTEREST FEDERAL NATIONAL MTO ASSN SERIES 346 CLASS 1 DUE 1 Jill 0.000 ATM AZ REPO I 04711/05 INTEREST FEDERAL NATIONAL MTO ASSN SERIES 346 CLASS DUE 11 0.000 FITM AZ REPO I 04711/05 INTEREST GOVERNMENT NATIONAL MTO ASSN SERIES 2004-5 CLASS PS DUE 02/101. 4.100 FITM AZ REPO I 04/11/05 INTEREST FEDL HOME LOAN MTG 024iPt/StOt 10 SERIES 228 CLASS 10 DUE la* 6.000 FITM AZ REPO I 04/13/05 JOURNAL FEDL HOME LOAN MTG CORPOS10109 SERIES 227 CLASS 10 5.000 FITM TERM MENT 04/13/05 JOURNAL FEDL 104E LOAN MTO CORPHS10109 SERIES 227 CLASS 10 5.000 1034 FITM Al REPO A FINANCIAL TRUST CO INC STATEMENT PERIOD April 1. 2005 THROUGH April 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER ON PIM LAST STATEMENT March 31.2005 CREDIT AMOUNT 77.22 8.474.79 18.183.88 3.206.38 6.309,622 -3,882.844 027 04300S:11:24 001 .87? EFTA00196178 CLEARED 1.4ROuGH ITS viiiCti.v OW,*0 SUCISIOally BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. =Pm 27 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPRON 04/13105 JOURNAL FEDL NOME LOAN MTG CORP#S 10109 SERIES 227 CLASS 10 FSITAI MMAlair Al REPO 04/13/05 RECEIVED UNITED STATES TREASURY NOTE DUE 03+31/2007 3.750 3.750 INC FITM Al RESALE 04/13+05 DELIVERED UNITED STATES TREASURY NOTE DUE 03+31/2007 3.750 3.75011li c RIM A2 TERM EMENT 04/13/05 INTEREST UNITED STATES TREASURY NOTE DUE 03/.1 1.750 04114+05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 FSITM MNAllirA REPO 04114+05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 FIRM Diniali3456 TERM PAIMILIMENT 04 14 05 INTEREST FEDERAL NATIONAL MICI ASSN SERIES 353 CLASS 2 DUE 0731.i. 5.000 FIRM 86 REPO I STMEIWCUSIP I,Sean SPCmit' GoI FINANCa TRUST CO INC STATEMENT PERK* Aim' 1.2005 THROUGH April 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER On FIk LAST STATEMENT March 31.2005 °WRIT, OMIT AMOUNT CREDIT AMOUNT -2.426,778 556.000.00 60.000.000 60.300.000,00 -80.000.000 80.000.000.00 66.555,56 -18,763,230 3.500.000 .00 18,763,230 4.429.000 .00 5.628.52 027 04/3/1.05:11:24 001 1,1977 EFTA00196179 CLEARED THRouGH ITS OmED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 28 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRACE DATE DATE TRANSACTION DESCRPTTON SYMEICIALOSIP CVANTITT DEBIT AMOUNT CREDIT AMOUNT 04/15105 JOURNAL FEDERAL NATIONAL WC ASSN -15.850.794 11.174.000.00 SERIES 329 CLASS PO DUE 01101/33 STFUP FITM Cl REPO 04/15105 JOURNAL FEDERAL NATIONAL MTG ASSN 15,850.794 11.248.000 .00 SERIES 329 CLASS PO DUE 01101/33 STRIP FITM viEtZ TERM ENT 04/15105 JOURNAL FEDERAL NATIONAL MFG ASSN NNE 18,763.230 3,500.000 .00 SERIES 353 CLASS 2 5,000 FILM AZ TERM MENT 04/15105 JOURNAL FEDERAL NATIONAL MFG ASSN .18,763.230 4,211.000 00 SERIES 353 CLASS 2 5,000 FRM AI REPO 04/15..05 JOURNAL FEDL !the LOAN MTG Ca:Win10i 10 ININ -9.419.606 SERIES 228 CLASS 10 6,000 EISA Al REPO 04/15105 JOURNAL FEDL !CAE LOAN MTG OCAPeStOt 10 NNE 9.419,606 100.000,00 SERIES 228 CLASS I0 6,00031035 FILM AZ TERM AAENT 04/15105 JOURNAL FEDL !the LOAN MTG 0011PoSlOt 10 9.419,606 1.955.000.00 SERIES 228 CLASS I0 FINANCIAL TRUST CO INC STATEMENT PERKO April 1.2005 THROUGH April 29.2005 AccouNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT March 31.2005 6,0003.035 EISA A2 TERM MENT 027 0430,0S:11:24 001 Y877 EFTA00196180 CLEARED THROUGH ITS YAICU.Y OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 29 )7 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRACE DATE DATE TRANSACTION DESCRPRON SYMEMICLISIP QUANTITY DEBIT AMOUNT 04/15105 JOURNAL FEDL HOME LOAN MTG CORPaS10110 9.419.606 2,013,000.00 SERIES 228 CLASS 10 6.000 FITM 11.2 TERM MENT 04/15105 JOURNAL FEDL NOME LOAN MI6 CCAPeSt Ot 10 SERIES 228 CLASS 10 6.000 FITM 81 REPO A 04/I 5)05 INTEREST FEDERAL NATIONAL MFG ASSN 28.401.20 SERIES 329 CLASS PO STRIP DUE 013101. 0.000 FITM BZ REPO I 041 505 INTEREST FEDERAL NATIONAL I.110 ASSN 296.53 SERIES 353 CLASS 2 DUE 07110. 5.000 FITM AZ REPO I 04/15105 INTEREST FEDL NOME LOAN MTG OCAPt/StOt 10 135.56 SERIES 228 CLASS 10 DUE 010 6.000 FITM AZ REPO I 04/15105 INTEREST FEDL NOME LOAN MTG OORPOS101 to 679.91 SERIES 228 CLASS 10 DUE lit* 6.000 FITM A2 REPO I 04/15105 INTEREST FEDL HOME LOAN MIG CORPS 10710 5.082.82 SERIES 228 CLASS 10 FINANCIAL TRUST CO INC STATEMENT PERKO APOI 1.2005 THROUGH /Vol 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER On Ale LAST STATEMENT March 31.2005 CREDIT AMOUNT -18.839.11 3.665.000.00 DUE 0 6.000 FITM AZ REPO I 027 04300S:l 1:24 001 V877 EFTA00196181 CLEARED THROUGH ITS MIDIS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 30 CI Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEDLEMEN1 TRADE DATE DATE TRANSACRON DESORPTION Smectocuser OUANTITT men AMOUNT criEcor AMOUNT 04/18/05 JOURNAL MTN) STATES TREASURY NOTE 70.000.000 67,550,000,00 FITM pm A2 4,000 15 TERM REPO AGREEMENT 04/18105 JOURNAL USTE0 TA TE TREASURY NOTE -75.000.000 74.062.500.00 FITM Al 4,000 15 REPO AGREEMENT 04/18105 INTEREST UNITED STATES TREASURY NOTE 32,949,39 DUE 01111 4,000 FITM A2 REPO I 04/19105 JOURNAL UNITED SURY NOTE -60.000.000 59.100.000.00 FITM Al 4,000 5 REPO AGREEMENT 04/19/05 JOURNAL OWED SURY NOTE 75,000.000 74.062.500.00 FITM A2 4,000 15 TERM REPO AGREEMENT 04/19105 INTEREST UMTEO STATES TREASURY NOTE 822.92 DUE 02/ 4000 FITM A2 REPO I 04,20.05 JOURNAL FEDERAL NATIONAL MTO ASSN BIM -20,311.170 14.539.000.00 SERIES 352 CLASS 1 0F,M.0.14 IT001 Al REPO A 04.20,[05 JOURNAL FEDERAL NATIONAL 1,116 ASSN SIM 20,311.170 14.539.000.00 SERIES 352 CLASS 1 0F,M10034 IT001 A2 REPO A FINANCIAL TRUST CO INC STATEMENT PERKO April 1.2005 THROUGH WI 29.2005 AccouNT NUMBER TAXPAYER WEIDER On File LAST STATEMENT March 31.2005 027 04300S:11:24 001 V877 EFTA00196182 CLEARED THROUGH ITS YAIOU.Y OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 31 c, Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMDET TRADE DATE DATE TRANSACTION DESCRPRON 04/20/05 JOURNAL FEDERAL NATIONAL MIG ASSN SERIES 352 CLASS 1 0,001 1034 FIRM A3 REPO A 04/22+05 JOURNAL FEDL HOME LOAN PUG CORP#S10109 SERIES 227 CLASS D "00 10 . 4 FIRM 81 REPO A 0422+05 JOURNAL FEDL TOME LOAN hITGOORPOS10109 SERIES 227 CLASS 10 FSITM XIN 41. 1111134A2 TERM Fon igligMENT 04/22+05 JOURNAL FEDL TOME LOAN MTG CORP#S10110 SERIES 228 CLASS 10 6.0003.035 FIRM A2 TERM AAENT 04/22+05 JOURNAL FEDL TOME LOAN MTG GORPOSIO1I0 SERIES 228 CLASS 10 6,000 wows FIRM Al REPO A 0422+05 JOURNAL FEDL TOME LOAN MIG CORP1S10110 SERIES 228 CLASS D 6FITM .000 AI REPO A 0422+05 JOURNAL UNITED STATES TREASURY NOTE ATM j Al 4,000 15 REPO AGREEMENT 04/22+05 JOURNAL UNITED TALES TREASURY NOTE FIRM A2 4,000 15 TERM REPO AGREEMENT FINANCIAL TRUST CO INC STATEMENT REMO APE11 1.2005 THROUGH *11 29.2005 ACCOUNT NUMBER TAXPAYER ARARIER On FIk LAST STATEMENT March 31.2005 SYMBOL:VAR, °PARITY OMIT AMOUNT CREDIT AMOUNT -20.311,170 14.660.000 .00 -8.251.045 1,837.000 .00 NMI 8.251,045 2.032.000.00 NMI 9.419,606 NMI -6.593.724 -2.825.881 528.000.03 MIN -50.000.000 49.062.500.00 NMI 60.000.000 59.100.000 .00 02/ 0430,06:11:24 001 V877 EFTA00196183 CLEARED THROUGH ITS 2HICELY OME*0 SUBSIOMEn, BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. =Pm 32 FINANCIAL TRUST CO INC STATEMENT PERK* &N11 1.2005 THROUGH *11 29.2005 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SEDIMENT TRADE DATE DATE TRANSACTOR DESCRIPSON STLASCLCVSIP cumin? ACCOUNT NUMBER TAXPAYER NUMBER On FOS LAST STATEMENT March 31.2005 0031T AMOUNT CREDIT AMOUNT 04/22/05 INTEREST FEDL HOME LOAN MTG OCAP#S10109 3,471.33 SERIES 227 CLASS 10 DUE Il 5.000 RIM AZ REPO I 04/22105 INTEREST UNITED STATES TREASURY NOTE 7.633.75 DUE 021 4.000 ATM n REPO I 04/25105 JOURNAL GOVERNMENT NATIONAL MTO ASSN SIM 4.300.000 SERIES 2004-5 CLASS PS 3FITIN F)10. 33A2 TERM MENU 04/25105 JOURNAL GOVERNMENT NATIONAL MTO ASSN MIK -26.400.000 SERIES 2004-5 CLASS PS F3116° Al REPO A 04/25105 JOURNAL GOVERNMENT NATIONAL MTG ASSN MIK 22.100,000 2.142.000.00 SERIES 2004.5 CLASS PS 3FITIN R)1100 33A2 TERM MENT 04,25105 JOURNAL FEDL HOME LOAN MTG CORPoS10109 3.882,844 SERIES 227 CLASS 10 FSITM XIM TERM MENT 04 25 05 JOURNAL FEDL HOME LOAN MTG 00APdS10109 INN -1.456966 SERIES 227 CLASS 10 5.000 F1TM WI REPO A 027 04400S:11:24 001 .871 EFTA00196184 CLEARED THROUGH ITS YOICALY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 33 0 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT WADE DATE DATE TRANSACTION DESORPTION svuecajvuslP Cowan DENT AMOUNT CREDIT AMOUNT 04/25105 JOURNAL FEOL NOME LOAN MTG OORP#S10109 -2.426,778 536.000.00 SERIES 227 CLASS 10 FSITM MNAllirAl REPO 04/26105 INTEREST GOVERNMENT NATIONAL MTO ASSN 2.607.29 SERIES 2004-5 CLASS PS DUE 02:110 3.960 ATM A2 REPO I 04/2845 RECEIVED UNTIED STATES TREASURY NOTE 50.000.000 50.375.000.00 DUE 03:31/2007 3.750 3,750 Clikt7 RIM Al RESALE T 04/2845 DELIVERED LIMTE0 STATES TREASURY NOTE -60.000.000 60.300.000.00 DUE 03/31/2007 3.750 3,7501101C7Em FITM A2 TERM ENT 04/2845 INTEREST IMMO STATES TREASURY NOTE MIN 59 228,00 DUE 03/0 1760 CW29,65 JOURNAL MATEO TATES TREASURY NOTE 50.000.000 49.062.500.00 ATM A2 4.000 15 TERM REPO AGREEMENT 04/2945 JOURNAL UNITED 1 ASURY NOTE -60.000.000 59.400.000.00 FITM Al 4,000 15 REPO AGREEMENT 04/2945 DELIVERED UNITED STATES TREASURY NOTE -50.000.000 50.375.000 .00 FINANCIAL TRUST CO INC STATEMENT PERIOD RPM 1. 2005 THROUGH *11 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER ON PIM LAST STATEMENT March 31.2005 DUE 03/31/2007 3.750 3,75031.07 FITM A2 TERM EEMENT 027 0430,0S:11:24 001 EFTA00196185 CLEARED THROUGH ITS WHOLLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 34 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPTICIT SYMEICASCUSIP OUANTITY DEBIT AMOUNT CREPT AMOUNT moms 04/29105 INTEREST INTEREST UNITED STATES TREASURY NOTE DUE 027 4.000 FITM A2 REPO I TINTED STATES TREASURY NOTE DUE OW. 1.750 19.107.12 3.666.18 TOTAL S-S42.459.166.81 $636.827202.34 MISCELLANEOUS FINANCIAL TRUST CO INC STATEMENT PERK* )14ATI1 1.2005 THROUGH *11 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER On PIM LAST STATEMENT March 31.2005 DATE MD DAY TRANSACTION DESCRIPTION DEPT AMOUNT CREPT AMOUNT 04//01/05 JOURNAL TO CMDY NC 301.525.00 04/07105 JOURNAL TO CMDY NC MIS 288.806.75 04106/05 JOURNAL FR CMDY NC 61.362.50 04/11105 JOURNAL FR CMDY NC 118.787.50 04/12/05 JOURNAL FNMA-3OYR(FNMAKiTO 290.625.00 SETT.O41O5 6.000 DUE 04101/35 MBS NET 04/12/05 04/13/05 JOURNAL MAR 05 SPEC CLEARING FEES 9.150.00 04/13/05 JOURNAL FNMA 3OYR OTD 554.882.81 SETT, 04/05 5.000 DUE 04101/36 MBS NET 04/13/05 04/13/05 JOURNAL FNMA 3OYR OTD 228.125.00 SEM 04/05 5.500 DUE 04101/35 MBS NET 04/13105 027 0430,0S:11:24 001 sa177 EFTA00196186 CLEARED THRouGH ITS ynipsY CpmED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 35 0 Transaction Detail (continued) MISCELLANEOUS (continued) DATE won TRANSACTOI DESCRIPTION MINT AMOUNT CREPT MAPINT 04/14105 JOURNAL TO CADY AC 319,187.50 04/14105 DELIVERED FRM 700.000.00 TRIP POOL 0021445 COUPON 5.0000 FINANCING NET PAIRCfF DIFF 04/14105 RECEIVED FEDERAL NATIONAL MTO ASSN SERIES 353 CLASS 2 5.000 DUE 07/01/34 DUE 07 00 TRIP POOL 0021445 COUPON 5,0000 700.000.00 04/IS:OS JOURNAL FNMA-I SYR(FNMA-15)010 SER.04/05 4.500 DUE 41/20 MBS NET 04/15105 125.000.00 04/18/05 JOURNAL TOCMDYAC 348.087.50 04/1845 JOURNAL FMMA-15YR(FNMA-15)611) 221.875.00 SETT.0445 5.500 DUE 04/01/20 MBS NET 04/18/05 04,2005 RECEIVED FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0.001 DUE 07/01/34 DUE 07mh»nu n n01 TRIPS POOL 0021422 COUPON 0,0000 121.000.00 FINANCIAL TRUST CO INC STATEMENT PERIOD April 1.2005 THROUGH April 29.2005 AccouNT NUMBER TAXPAYER ALIMER On File LAST STATEMENT Mardi 31.2005 027 04300S:11:24 001 Van EFTA00196187 CLEARED THROuGH ITS MIDAS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. FINANCIAL TRUST CO INC 36 /,/ Transaction Detail (continued) MISCELLANEOUS (continued) DATE CDAY TRANSAG11,1 DESCRIPTION DEBIT AMOUNT CREPT AMOUNT 04/20105 DELIVERED FEDERAL NATIONAL MTO ASSN 121.000,00 SERIES 352 CLASS 1 0,001 DUE 07101/34 DUE 07/01/2034 0,001 FITLI 1452191 TRIPS POCt 0021422 COUPON 0,0000 04/22/05 JOURNAL REV ENTRY 2.905 30.973,04 04/22/05 JOURNAL 04 TREAS REBATE A0 2-9 30.973,04 04/22/05 JOURNAL FR CMOY ANC 146,575,00 04/27105 JOURNAL FR CMOY ANC 21.412,50 04/2905 JOURNAL TO CMDY A/C 270.062.50 TOTAL 92.804.417.29 $2204.993.35 Trades Executed Pending Settlement SETTLEI.IEN1 TRADE DATE DATE TRANSACTION OESCRETION 05/02105 04/27105 BOUGHT GOVERNMENT NATIONAL MTO ASSOC SIMEID.CUSP SERIES 2004-041 CLASS SE ISO 57160000 BS STATEMENT PERK* April I. 2005 THROUGH April 29.2005 ACCOUNT NUMBER TAXPAYER AMBER On File LAST STATEMENT Minn 31.2005 CAW/MY Pala DEBIT AMOUNT 16073.792,00 7,1562 1.099.871,82 CREW AAIDUNT 05/02105 04/28/05 SOLD UNITED STATES TREASURY N3TE • 03,625% AO 30 . 0 MATURITY GVER REF # GI181006 Al -50.000.000 00 100,0546 50.037.194 .29 027 0.300501:24 ON V87/ EFTA00196188 CLEARED THROUGH ITS YAIOU.Y omeo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 37 c? Trades Executed Pending Settlement (continued) sentEMENT DATE TRADE DATE TRANSACT/3N 05/12/05 03/31105 BOUGHT 05/12)05 04/12)05 BOUGHT 0912105 04107/05 SOLD 05/1 2/05 03/31105 BOUGHT 05/12/05 04/12/05 BOUGHT 05/12/05 04/07105 SOLD DESCRIPTION FNMA-30YR(FNMA)GID SETT.OSt00 01111105.000% 57140000 BS FNMA-30YR(FNMA)GID SETT.05/04 0. 00105.000% 57300000 BS FNMA-30YR(FNMAJOID SETT.05/04 57220000 BS FNMA-30YR(FNMAJOID SETT.0S/0S 57150000 BS FNMA-3cnitFNMAAID SETT 05:05 05.500% 57400000 BS FNMA-30YR(FNMA)G1D SETT 05f0S 05.500% 57210000 BS TOTAL The thew *eon cti not ewers on eny other eaten o1 lee stelemert FINANCIAL TRUST CO INC STATEMENT PERIOD RPM 1.2005 THROUGH April 29.2005 ACCCUNT NUMBER TAXPAYER ARAMER On Pile LAST STATEMENT Mirth 31.2005 SiM80..CuSP 0.:ANNT. PRICE DEBIT AMOUNT CREPT AlKUNT 20.000.000.00 97.4921 19.498.437.50 20.000.000.00 98.1328 19.626.562.50 .40.000.000 ,00 97.9218 39.168,750 ,00 20.000.000.00 99.8906 19.978.125.00 20.000.000.00 100.3750 20.075.000.00 -40.003.000 ,00 100.2578 40.103.125 .00 580.277.996.82 $129.309.069.29 027 04/30,06:11:24 001 Y077 EFTA00196189 CLEARED IHROLGH ITS wHOLLY °MED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEEISITE wmv.bearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 6 Trades Not Yet Settled 35 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD LONG ACCRUED INTEREST NET CREDIT BALANCE 3,335,615 57,993 77,668 1111111111111I Ill I I I FINANCIAL TRUST CO INC 0/0 JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Market Value of Your Portfolio Cash 8 Equvralenr 777.668 NET EQUITY THIS PERIOD $3,471,276 NET EOUITY LAST STATEMENT 1,517,425 CHANGE SINCE LAST STATEMENT 1,953,851 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. 1336.828 Fated Income ft 11.175.677 MO Current market value gag Last statements market value 13.335.615 FINANCIAL TRUST CO INC STATEMENT PER100 Wirth 1.2005 THROUGH Mint 31.2005 ACCOUNT NUMBER TAXPAYER MAWR On Pile LAST STATEMENT PeOrualy 28.2005 SIM 1W6 PordurY la dOsmaxdol psrposes only I Is net derided anti, dcarnta staternsd should Do marled for your worth Soo worn Sofa- monad reconorum 027 0601.136:09:09 001 Y876 EFTA00196190 CLEARED 'THROUGH 05 WHOLLY 00AE0 SUBSIDMA7 FINANCIAL TRUST CO INC 2 oi 4o STATEMENT BACKER IS PRINTED ON THIS PAGE 021 0.01650970 001 7870 EFTA00196191 CLEARED IHRCUGH ITS WHOLLY odhco SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 3 C/ Cash Flow Analysis THIS PEPI00 Income Summary MS PERI® YEAR TO DATE Opening Balance Securities Sold Dividends Interest Miscellaneous Amount Credited $336,827.64 956,588,364.34 992,974.47 2,751,164.59 $960,332,503.40 U.S. Govt. Bond Int. Govt. Agency Int. Corp. Bond Int. Credit Balance Int. Reverse Repurchase Int. Total 178.611.89 693.096.31 120.062.77 1.203.50 323.157.29 $1 316 131.76 2.510.456.45 2.022.336.00 375,012.07 1,960.00 826,531.30 $5 736 295.82 Securities Bought -955,829.656.15 Bond Purchase Int. -1.309.848.42 -3.500,285.37 Dividends/Interest Charged -1,309.848.42 Repurchase lnt. Exp. -177.727.19 -400,692.42 Miscellaneous -3,452.158.93 Amount Debited $-960.591.663.50 Portfolio Composition Net Cash Activity -259.160.10 CashtCash Equivalent 77.668 ClosingBatance $77,667.54 Fixed Income 3.335,615 Total $3.413.283 Cash Balance Summary OPENS' Margin 336.827 64 CLOSING 77,667.54 Net Cash Balance $336,827.64 $77.667.54 027 O4,0u05:09:49 001 FINANCIAL TRUST CO INC STATEMENT PERIOD March 1.2005 THROUGH March 31.2005 ACCCUNT NUMBER TAXPAYER AMBER On File LAST STATEMENT February 28.2005 Your Portfolio Allocation Cash & Equivalent 2% UnsPa0aLl imams deo* debt beano, anot, shy, market yews he alocabon perceenne is clewed Korn to absolute marital value of 1/876 EFTA00196192 CLEARED THROUGH ITS WHOU.Y onne0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 4 Your Portfolio Holdings CASH & CASH EQUIVALENTS ciiisceenou CASH BALANCE TOTAL CASH & CASH EQUIVALENTS $77&68 SOTTECL CLSIP /MPXET ESTIMATED [LAPIN( OIJANTITT PACE VALUE NWJAL IntWE )E101%) 77.668 FIXED INCOME Government & Agency Obligations DESCRIPTION s•idect.c.usa ACC- TYPE CLU.% • PRICE 1AARKET VALLE ACCRUED /MEREST ESTIAMED ANM.M1 iNCOME CURFEW' YEW IV FEDERAL NATIONAL MTG ASSN SERIES 2003.49 CLASS SW DATED DATE 04/30/03 BOOK ENTRY ONLY DUE 01/25/2033 4.150% FACTOR — $4826993 FEDL HOME LOAN MTG CORP#S10110 SERIES 228 CLASS 10 DATED DATE 0201/05 BOOK ENTRY ONLY DUE 02/01,2035 6.000% FACTOR — .97552156 Total Government& Agency Obligations MRGN MRGN 13.326.665 9,755.215 8.3078 1.107.158 22.8438 2.228.457 $3,335,615 9217 48.776 557.993 553,057 585.313 $1.138.370 49.9529 26.2654 TOTAL FIXED INCOME $3.335.615 $57,993 $1.138.370 YOUR PORTFOLIOHOLOINGSACCRUED INTEREST $57.993 YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME $1,138,370 YOUR PRICED PORTFOLIOHOLDINGS $3.413283 FINANCIAL TRUST CO INC STATEMENT PERK* March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER MAWR OR File LAST STATEMENT Feminine 28.2005 027 IMOIMS:ISMS 001 '.870 EFTA00196193 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 5 Repurchase and Reverse Repurchase Transactions with Bear,Stearns& Co.Inc.outstanding as of date of statement PLOCHASEr RENFINAFF PRICING PURCHASE PRICE; ACCRUED REPO CAMAITITY START DATE DATE PATE PRINCPAL MEREST* (FACE AMOUNT) CUSP DESCRIPTOR CLEARED 1.4ROuGH ITS viiiCti.v OMEO SUCISIOally Beer Szer FINANCIAL TRUST CO INC STATEMENT PERKO March 1.2005 THROUGH Muth 31.2005 Acccurn NUMBER TAXPAYER IMMER On He LAST sTATEmENT February 28.2005 YOU SOLD GOVERNMENT NATIONAL MTG ASSOC (REPO) 01/13/05 04/11/05 2.860 -2,601,000 -16.117 -22.100,000 SERIES 2004-5 CLASS P 4.1000 02/20/33 YOU SOLD FANNIEMAE STRIP (REPO) 01/13/05 04/11/05 2.860 -11.902,000 -73.752 -30.000,000 SERIES 329 CLASS PO 12/01/32 YOU PROVIDED FEDERAL NATIONAL MTG ASSOC (MARGIN) 02/07/05 OPEN 0.000 -50.000,000 SERIES 2003-13 CLASS 5.1500 03/25/33 YOU SOLD FANNIEMAE STRIP (REPO) 03/14/05 04/11/05 3.020 -3,608,000 -5.448 -7.000,000 SERIES 346 CLASS PO 11(01/33 YOU SOLD FANNIEMAE STRIP (REPO) 03/16(05 04/15/05 3.030 -11.248,000 -15.147 -30,959,779 SERIES 329 CLASS PO 12/01/32 YOU SOLD FREDDIEMAC STRIP (REPO) 03116/05 04/15/05 3.030 -2,013,000 -2.710 -10.000,000 SERIES 228 CLASS 10 6.0000 02/01(35 YOU PROVIDED FANNIEMAE STRIP (MARGIN) 03/21/05 OPEN 0.000 -2.090.000 SERIES 346 CLASS PO 11/01/33 YOU SOLD USTR 4.0000 02/15/15 (REPO) 03/22/05 OPEN 1.990 -28.800.000 -15.120 -30.000.000 YOU SOLD FREDO1EMAC STRIP (REPO) 03/22/05 04/11/05 2.860 -2.018.000 -1.603 -10.000.000 SERIES 228 CLASS 10 6.0000 02/01/35 YOU SOLD FEDERAL HOME LOAN STRIP (REPO) 03/23/05 04/22/05 2.050 -2.032.000 -1.041 -8,500,000 SERIES 227 CLASS 10 5.0000 12/01/34 YOU PROVIDED FEDERAL HOME LOAN STRIP (MARGIN) 03/23/05 OPEN 0.000 -11,500,000 SERIES 227 CLASS 10 5.0000 12/01/34 027 D.01.06:09:49 001 Y876 EFTA00196194 CLEARED THROUGH ITS MICELY CMY.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 6 C/ 4(1 Repurchase and Reverse Repurchase Transactions (continued) with Bear,Stearns& Co.inc.outstanding as of date of statement (continued) MACHU& REPURCHASE PRONG PURCHASE MCC ACCRUED REPO GUMMY START DATE DATE PATE PRINCIPAL MEREST* (FACE AMOUNT) CUSP DESCRIPTOR FINANCIAL TRUST CO INC STATEMENT PERIOD March 1.2005 THROUGH March 31.2005 ACCCUNT NUMBER TAXPAYER MAUER On Flk LAST STATEMENT Pebuary 28. 2005 YOU PROVIDED FANNIEMAE STRIP (MARGIN) 03/28/05 OPEN 0.000 -910,000 SERIES 346 CLASS PO 11/01133 YOU PROVIDED GOVERNMENT NATIONAL MTG ASSOC (MARGIN) 03/29/05 OPEN 0.000 -4.300,000 SERIES 2004-5 CLASS P 4.1000 02/20/33 YOU SOLD FANNIE MAE STRIP (REPO) 03/30/05 04/15/05 3.050 -4.429.000 -750 -20.000.000 SERIES 353 CLASS 10 5.0000 07/01/34 YOU SOLD FREODIEMAC STRIP (REPO) 03/30/05 04/15/05 3.050 -100.000 -16 -10.000.000 SERIES 228 CLASS 10 6.000002/01/35 YOU BOUGHT USTR 3.0000 12:31/D6 (REVERSE) 03/21/05 OPEN 2.380 49.875.000 37.752 50.000.000 TOTAL REVERSE REPURCHASE TRANSACTIONS $49.875.000 $37.752 TOTAL REPURCHASE TRANSACTIONS 5-68.751.000 5.131104 'As c ILVVroaell <WO Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSACTOR 03/01/05 02/28/05 SOLD DESCRIPTION UNITED STATES TREASURY BONDS 05.375% FA 15 . MATURITY OVER REF # 00591007 Al STMEICECU5P OVAMire pr.cE .3D00.000 109.72266 ACCR. INT. DEER AMOUNT CMCAT ATFOUNT 3,291,679.69 6.236.19 027 01.0105:09:49 001 •.876 EFTA00196195 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 7 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION DESCRIPTION SY1A3011CUSV QUANTITY PRCE Mier AMOUNT CHEM AMOUNT 03/01/05 JOURNAL FEDERAL NATIONAL MTG ASSN -1 SERIES 346 CLASS I DUE 1001/33 03/02/05 03/01/05 BOUGHT UNITED STATES TREASURY NOTE 10.000,000 96.92188 9.692,187.50 04,000% FA 15 ACCR. INT. 16.574.59 MATURITY REF # 60601000 Al 03/02/05 03/01/05 SOLD UNITED STATES TREASURY NOTE -10,000,000 96.89063 9,689,062.50 04 00051 FA 15 ACCR. INT. 16,574.59 MATURITY GYER REF # 00601005 Al 03/04/05 03/03/05 BOUGHT UNITED STATES TREASURY NOTE MI= 10.000.000 96.95313 9,695,312.50 04,000% FA 15 ACCR. INT. 18.784.53 MATURITY AVER REF # G062t002 Al 03107/05 03/04/05 SOLD UNITED STATES TREASURY NOTE -5.000.000 97.11719 4,855,859.38 04,000% FA 15 ACCR. INT. 11,049.72 MATURITY AVER REF # G0631009 Al 03109/05 03/08/05 BOUGHT UNITED STATES TREASURY NOTE 10.000.000 96.95313 9.695.312.50 04,000% FA 15 ACCR. INT. 24.309.39 MATURITY AVER REF # 0067! 033 Al 03109/05 03/08105 SOLD UNITED STATES TREASURY NOTE MEM 5 000 000 96.96875 4,848,437.50 04.000% FA 15 ACCR. INT. 12,154.70 0 iJATuRinr GVER REF #60671016 Al CLEARED THROuGH ITS wilEtLY CAM,E0 SUBSIOMAY Beer Ster T FINANCIAL TRUST CO INC STATEMENT PERIOD March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER NUMER OR Fee LAST STATEMENT February 28.2005 021 04,01.05:09:4S 001 V876 EFTA00196196 B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 8 o Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 03/14/05 03/03/05 CANCEL SELL 03/14/05 03/04/05 BOUGHT 03/14/05 02/03/05 CANCEL SELL 03/14/05 02/10/05 CANCEL SELL 03/14/05 03/01/05 CANCEL SELL 03/14/05 02/17/05 BOUGHT OESCRPTION FNMA 30YR. GM s SEIT, 03/05 05.500% 7590000 AS OF 03103/05 TO CM. PREVIOUS SELL FNMA 30YR. GM SETT, 03/05 immo 05,500% 57110000 FNMA 30YR. GM iimos SETT, 03/05 05.500% 7710000 AS OF 02103/05 TO CM. PREVIOUS SELL FNMA 30YR. GTO 05.500% 7610000 AS OF 02/10105 TO CM. PREVIOUS SELL FNMA 30YR. GTO SETT, 03/05 05.500% 57140000 AS OF 03/01105 TO CA. PREVIOUS SELL FNMA 30YR. GM SETT, 03/05 11.005.500 , 57360000 BS CLEARED THROUGH ITS WIIC(LY OMS*0 SUBSIDIARY Beer Szewn Tir FINANCIAL TRUST CO INC STATEMENT PERIOD March 1.2005 THROUGH Marsh 31.2005 ACCOUVT NUMBER TAXPAYER BANNER OR Ale LAST STATEMENT Februiuy 28.2005 STMEOLCUSE CATMINT PRICE DEBIT AMOUNT CABO MONO 10.000.000 100.81641 10,081,640.63 BS 10.000.000 101.06250 10.106.250 00 BS EMI 10,000,000 101.51563 10,151,562.50 BS 10.000.000 101.67188 10.167.187.50 BS 15.000.000 100.68750 15.103.125.00 BS 15 000.000 101.55859 15,233,789.06 021 040i.05:09:0 001 V876 EFTA00196197 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 9 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 03/14/05 02/09/05 BOUGHT 03/14/05 03/03/05 SOLD 03/14/05 03/04/05 CANCEL BUY 03/14/05 02/03/05 SOLD 03/14/05 02/10/05 SOLD 03/14/05 03/01/05 SOLD 03/14/05 02/17/05 CANCEL BUY DESORPTION FNMA 30YR. GM ISS .505.500% 7310000 FNMA 30YR. GTO SETT, 03/05 05.500% 57590000 FNMA 30YR. DID SETT, 03/05 05.500% 57110000 AS OF 03/04105 TO CM. PREVIOUS BUY FNMA 30YR. GM SETT, 03/05 05,500% 7710000 FNMA 30YR. GM SETT, 03/05 cum% 7810000 FNMA 30YR. GM SETT, 03/05 111.105.500% 57140000 FNMA 30YR. GTO SETT, 0305 001100105.500, 67360000 AS OF 02/17105 TO C)3. PREVIOUS BUY CLEARED THROUGH ITS MELLY EIDS*0 SUBSIDIARY Reef Sear FINANCIAL TRUST CO INC STATEMENT PERK* March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER MAGER On Fee LAST STATEMENT February 28.2005 SYMBEVOUSP GUMMY PRICE DEBIT AMOUNT GRECO AMOUNT 20,000,000 101.82422 20,364,843.75 BS -10,000,000 100.81641 10.081.640.63 BS -10,000,000 101.06250 10.106.250.00 BS -10,000,000 101.51563 10,151,562.50 BS 10.000.000 101.67188 10.167.187.50 BS VIM -15.000.000 100.68750 15.103.125.00 BS -15.000.000 101.55859 15,233,789.06 BS 021 04,01.05:09:40 001 .876 EFTA00196198 B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 10 c? 4:r Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 03/14/05 02/09/05 CANCEL BUY 03/14/05 03/01/05 CANCEL SELL 03,14,05 03,03:05 CANCEL SELL 03/14/05 03/04/05 BOUGHT 03/1405 02/03,105 BOUGHT 03/1405 02/17/05 BOUGHT CESCRPTION FNMA 30YR. GTO SETT, k 03/05 05.500% 7310000 AS OF 02/09/05 TO CXL PREVIOUS BUY FNMA-30YRIFNMAIGTD SETT.03105 1.005.003 ,. 57060000 AS OF 03/01/05 TO CXL PREVIOUS SELL FNMA-30YR(FNMA)GTD SETT.03/05 000505.000,:: 7650000 AS OF 0310345 TO CXL PREVIOUS SELL FNMA-30YR(FNMA)GTD SE T.0305 0.0005.0Co3v: 57120000 FNMA-30YR(ENMA)GTO SETT.03,05 05.000,4 57750000 FNMA 30YR(FNMA)GTO SETT.03 05 05.000 . 57300000 CLEARED THROuGH ITS YiNCtLY CAM,E0 SUBSIDIARY Beer Sear T FINANCIAL TRUST CO INC STATEMENT PERIOD March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER 'UMBER OR Ale LAST STATEMENT Pedals). 28.2005 SYMOOLCUSIP 0.10/4111Y PRCE DEW AMOUNT VIEW AMOUNT -20,000,000 101.82422 20,364,843.75 BS 10.000.000 98.35156 9.835,156.25 BS 10,000.000 98.53516 9.853.515.63 BS MEI 10.000,000 98.77734 9.877,734.38 BS 10 000.000 99.43750 9,943,750.00 BS 10.000.000 99.54297 9,954,296.88 BS 02/ 0401.05:09:49 001 7876 EFTA00196199 CLEARED THROUGH ITS YOICtLY 01MAED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 11 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTOR OESCRPTION STMEIEL.CuSA OVANTry PACE DEBIT AMOUNT CRECIT AMOUNT 03/14/05 03/14/05 03/14/05 03/14/05 03/14/05 01/14/05 02/10/05 03/01/05 03/03/05 03/04/05 02/03/05 02/17/05 CANCEL SELL SOLD SOLD CANCEL BUY CANCEL BUY CANCEL BUY FNMA-30YR(FNMA)G1D SET .03105 1.11.15 °576.0700 0000 96 BS AS OF 02/10/05 TO CXL PREVIOUS SELL FNMA-30YR(FNWOGTO SETT.03105 57060000 BS FNMA-30YR(FNWOGTD 00#1.5 SEITMICIS °5.°00% 7650000 BS FNMA-30YR(FNWOGTO SET .03105 05.000% 57120000 BS AS OF 03/04105 TO CA. PREVIOUS BUY FNMA-30YR(FNWOGTO SETT.03/05 010.11 5057;0: 00 0%0 as AS OF 02/03/05 TO CM. PREVIOUS BUY FNMA-30YR(FNMAJGTO SETT.03 os VIM 10,000.000 -10.000,000 -10,000,000 -10.000,000 -10.000,000 -10.000.000 99.73828 98.35156 98.53516 98.77734 99.43750 99.54297 9.973.828.13 9,835,156.25 9,853,515.63 9,877,734.38 9.943.750.00 9.954.296.88 FINANCIAL TRUST CO INC STATEMENT PERKO March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER NUTA3ER On File LAST STATEMENT February 28.2005 05,000 57300000 BS AS OF 0217 OS TO CXL PREVIOUS BUY 027 01101.05IYA49 001 .R7e EFTA00196200 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 12 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 0314/05 02/10/05 SOLD 03/14/05 02/03/05 BOUGHT 03/14/05 02/09/05 CANCEL SELL 03/14/05 02/03/05 CANCEL BUY 03/14/05 02/09/05 SOLD 03/14/05 03/11/05 SOLD 03/14/05 03/11/05 BOUGHT OESCEM'TION FNMA-30YR(FNMA)GID SETT43105 05400% 7670000 BS FNMA 30YRIFNMATGTD SETT, 03/05 06,000% 7730000 BS FNMA 30YR(FNMA) GTD SETT, 03/05 010. 506.00014 7340000 BS AS OF 024945 TO CM. PREVIOUS SELL FNMA 30YR(FNMA) GTD SETT. 03/05 06400% 7730000 BS AS OF 02/03105 TO CxL PREVIOUS BUY FNMA 30YRIFNMATGTD SETT. 03/05 0110 5 06.000% 7340000 BS FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS I 0000I% 57110000 BS UNITED STATES TREASURY NOTE 03.125% II 31 3. MATURITY GVER REF # 00701010 Al CLEARED THRouGH iTs Tempi:, GMT*/ SUEISIOTAny Beer Styr Tir T FINANCIAL TRUST CO INC STATEMENT PERK* Marsh 1.2005 THROUGH Minh 31.2005 ACCOUST NUMBER TAXPAYER AMBER On File LAST STATEMENT February 28.2005 STIIEKVCUSP GUMMY PRICE DEBIT AMOUNT GRECO AMOUNT -10,000,000 99.73828 9,973,828.13 20,000,000 103.01563 20403,125.00 20,000,000 103.18750 20437,500.00 -20,000,000 103.01563 20,603,125.00 -20.000.000 103.18750 20.637.500.00 -4.978.135 76.45313 3.805.940.34 8.000.000 98.94531 7,915,625.00 ACCR. NT. 29.005.52 027 0•01.06.49:49 001 7876 EFTA00196201 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 13 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION DESCATTION 10.180..CIISP Gowan' viva DEBIT AMOUNT CREPT AMSUNT 03/15/05 03/14/05 BOUGHT UNITED STATES TREASURY NOTE 25.000.000 98.80078 24,700,195.31 03,000% JD 30 ACCR. INT. 153,314.92 . MATURITY GVER REF # 60731012 Al 03/16/05 03/14/05 SOLD FEDERAL NATIONAL MTG ASSN MEI -7,882.556 77.21875 6,086,811.75 SERIES 329 CLASS PO STRIP 01 1111/57300000 BS 03/16/05 03/14/05 BOUGHT FEDL HOME LOAN MTG CORP#510110 MEI 9.755,215 22.78125 2.222.360.05 SERIES 228 CLASS 10 06,00054 ACCR. INT. 24.38204 57200000 BS AS OF 03/14105 ACCRUES CH 1ST. PAYS ON 25TH 03/16/05 03/15/05 SOLD UNITED STATES TREASURY NOTE _10.000,000 95.67188 9,567,187.50 04,000% FA 15 ACCR. INT. 32,044.20 MATURITY GVER REF # 60741007 Al 03/18/05 03/16/05 SOLD FEDERAL NATIONAL MTG ASSN MEI -2,979,264 77.59375 2,311,723.34 SERIES 346 CLASS 1 iii57230000 BS 03/18/05 JOURNAL FEDERAL NATIONAL MTG ASSN MEM -1 SERIES 329 CLASS PO DUE 01/01/33 STRIP ADJUST POSITION 03/21/05 03/18,105 BOUGHT UNITED STATES TREASURY NOTE 25,000.000 98.84375 24,710,937.50 03,000% JD 30 ACCR. INT. 165,745.86 . 0 MATURITY GVER REF # 60771013 Al CLEARED THROuGH ITS valCsLY 0‘1T,*0 SUBSIO4ARY Beer Steam. SO •it' • FINANCIAL TRUST CO INC STATEMENT PERK* March 1.2005 THROUGH Much 31.2005 ACCOUVT NUMBER TAXPAYER MAKER On File LAST STATEMENT February 28.2005 021 0401.05:09:46 001 V676 EFTA00196202 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 14 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACT/DR OESCRPTION SYMBISUCLISTP civomily Pma TAXPAYER K1. ER On Fie LAST STATEMENT PeOrtliVy 28.2005 DEBIT AMOUNT GRECO ANCTUNT 03/21/05 03/18/05 BOUGHT UNITED STATES TREASURY NOTE 50.000.000 98.84375 49,421,875.00 JO 30 ACCR. INT. 331,491.71 Ri MATURITY GvER REP it 0077i0t3 Eti 03/21/05 03/18/05 BOUGHT UNITED STATES TREASURY NOTE 50,000,000 98.84375 49,421,875.00 03,000% JO 30 ACM. INT. 331,491.71 MATuRITY GYER REe#60771013 CI 03/21/05 03/18/05 BOUGHT UNITED STATES TREASURY NOTE 13,000,000 95.98047 12.477.460.94 04,000% FA 15 ACCR. NT. 48,839.78 MAIVRITY GYER REF e 60771006 Al 03/21/05 03/18105 BOUGHT UNITED STATES TREASURY NOTE IMO 13.000,000 96.03125 12.484.062.50 04,000% FA 15 ACCR. INT. 48,839.78 0 MATuRITY GYER REF # 60771000 Al 03/21/05 JOURNAL EDERAL NATIONAL MTG ASSN -1 SERIES 346 CLASS 1 WE teal/33 03/22/05 03/18/05 SOLD FEDERAL NATIONAL MTG ASSN -14.252.296 25.62500 3,652,150.94 SERIES 353 CLASS 2 iiii 5057,104000000 % ss ACCR. INT. 41,569.20 ACCRUES ON 1ST. PAYS ON 25TH 03/22/05 03/18105 BOUGHT FEDL HOME LOAN MTG CORP#S10110 MIS 9.755.215 22.48438 2,193,399.26 SERIES 228 CLAS0S71.0108000% 6 000 ss ACCR. NT. 34,143.25 CLEARED THROuGH ITS ?RIMY (AM,ED SUBSIDIARY Beer Roe) Tir T FINANCIAL TRUST CO INC STATEMENT PERK* Meat 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER ACCRUES ON 1ST. PAYS ON 25TH 021 0401.05:09:49 001 V876 EFTA00196203 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 15 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACT/3N 03/22/05 03/21/05 SOLD DESCRIPTION UNITED STATES TREASURY NOTE 04.000% FA 15 . 0 MATURITY OVER REF # 60801006 Al MVOS 03121;05 SOLD FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 05,000% 57270000 BS ACCRUES CH 151. PAYS ON 25TH 03/23/05 03/21/05 BOUGHT FEDL HOME LOAN MTG CORP#S10110 SERIES 228 CLASS 10 06.000% 57310000 BS ACCRUES ON 1ST. PAYS ON 25TH 03/24/05 JOURNAL FEDL HOME LOAN MTG CORP#510109 SERIES 227 CLASS 10 5,000 DUE 12/01/34 ADJUST POSITION 03128/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 01/01/33 STRIP PAIN RID 02-05 ND 03-25-05 REPO P 81 0.0000 0328/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO WE 01/01/33 STRIP PAIN RID 02-05 ND 03-25-05 REPO P 8I 0.0000 03/28/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO WE 01/01/33 STRIP PAIN RID 02-05 ND 03-25-05 REPO P 8I 0.0000 SOA80..CLISP OVANTITY -26.000,000 PRICE 95.82813 ACCR. INT. CLEARED THROUGH ITS MELLY EIDS*0 SUBSIDIARY Reef S;Bun FINANCIAL TRUST CO INC STATEMENT PERK* March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER 'UMBER On File LAST STATEMENT FebruEuy 26.2005 DEBIT AMOUNT CREC0 AMOUN1 24,915,312.50 100,552.49 -14.252,296 25.93750 ACCR. INT. 3.696.689.37 43.548.68 9.755,215 23.03125 ACCR. NT. 2.246.748.09 35.769.13 1 199.741.03 238.243.25 285.891.90 021 04010509:4S 001 Y876 EFTA00196204 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 16 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION OESORPTION SiM130...CuSP °WITT PLACE DEBIT AMOUNT CPEDIT ATAOUNT 0328/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN .241.672 SERIES 2003-49 CLASS SW 4,350 DUE 01/25/33 PRINCIPAL REDUCTN 03-25-05 03/28305 PRINCIPAL FEDERAL NATIONAL MTG ASSN 12,62220 SERIES 346 CLASS 1 WE 11/01/33 PAIN RID 02-05 ND 03-25-05 REPO P 8I 0.0000 0328/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 25.244.40 SERIES 346 CLASS WE 11/01/33 PRIN RID 02-06 ND 03-25-05 REPO P 81 0.0000 03/28/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 59,227.25 SERIES 346 CLASS WE 11/01/33 PRIN RID 02-05 PM 03-25-05 REPO P 81 0.0000 03128/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 97.093.85 SERIES 346 CLASS WE 11/01/33 PAIN RID 02-06 PN 03-25-05 REPO P 81 0.0000 03/28/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 85.727.46 SERIES 352 CLASS 0.001 DUE 07/01/34 NUN RID 02-06 ND 03-25-05 REPO P 81 0.0000 03/30/05 03/28/05 SCLO FEDERAL NATIONAL MTG ASSN -14.252.296 26.34375 3,754,589.32 SERIES 353 CLASS 2 ACCR. MT. 57,405.08 CLEARED THROuGH ITS wHOtLY CAM,E0 SUBSIOMTve Beer Stea•nb SO •it' • FINANCIAL TRUST CO INC STATEMENT PERIOD March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER NUMER CD File LAST STATEMENT February 28.2005 7120000 BS ACCRUES ON 1ST. PAYS ON 25111 021 0401.05:09:4S 001 V876 EFTA00196205 CLEARED THRouGH ITS YAICU.Y OmnE0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 17 0 4:r Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION DESCRIPTION ST1.1001XUSIP °WHINY FOCE DEBIT AMOUNT CFECCT A/hOcter 03/30/05 03/31/05 03/28/05 BOUGHT FEDL HOME LOAN MTG CORP#S10110 SERIES 228 CLASS 10 10111115 067.10100 0000 96 BS ACCRUES ON 1ST. PAYS ON 25TH JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5.000 DUE 07/01,34 9,755.215 23.90625 ACM. INT. -1 2,332,106.23 47.150.21 TOTAL 5-412A06.610.51 $273.687.675.03 INTEREST DATE DESORPTION STMEOALTSIP OuMffilY RATE IST DENT AMOUNT CREO11 AMOUNT 03/01/05 03/15/05 03/15/05 03/21/05 AVG BAL 860.06ORT 1.799 021 OFFICE INTEREST 0205 FEDL HOME LOAN MTG CORP#S10109 NMI SERES 227 CLASS 10 DUE 12/01/2034 5.000 INT RID 02-05 P,D 03-15-05 REPO P &I sp000 FEDL HOME LOAN MTG CORP#510109 SERIES 227 CLASS 10 DUE 12/01/2034 5,000 INT RID 02-05 P,D 03-15-05 REPO P &I 5.0000 GOVERNMENT NATIONAL MTG ASSN SERES 2004-5 CLASS PS DUE 02/20/2033 4.351 INT RID 02-05 P,D 03-20-05 REPO P SI 4.3518 5.0000 5.0000 4.3510 027 OA.ONO5:O9:49 001 1.203.50 24,673.31 57,571.07 15.594.20 Yralt FINANCIAL TRUST CO INC STATEMENT PERO° March 1.2005 THROUGH March 31.2005 AcccuNT NUMBER TAXPAYER WEISER On hie LAST STATEMENT PeOcuag 28.2005 EFTA00196206 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 18 Transaction Detail (continued) INTEREST (continued) CLEARED THROuGH ITS yinCELY ODY*0 MJEINDany Beer Siewn FINANCIAL TRUST CO INC STATEMENT PERK* March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER WESER On File LAST STATEMENT Fetuses)/ 28.2005 DATE DESCRIPTION STMECUOUSIP OUNIRITY RATE PE DEBIT AMOUNT CREDIT AMOUNT 03/21/05 GOVERNMENT NATIONAL MTG ASSN 4.3510 63,827.43 SERIES 2004-5 CLASS PS DUE 02/20/2033 4951 TNT RID 02-05 PA) 03-20-05 REPO P 8I 49518 03/21/05 GOVERNMENT NATIONAL MTG ASSN 4.3510 80,146.94 SERIES 2004-5 CLASS PS DUE 02/20/2033 4,351 INT RID 02-05 PA) 03-20-05 REPO P 8I 49518 03/28/05 FANNIE MAE CMOSERIES 2003-13 5.3500 120,062.77 S RCA-I/0 RTR DUE 03/25/2033 5950 INT RID 02-05 PA) 03-25-05 REPO P 8I 59500 03/28/05 FEDERAL NATIONAL MTG ASSN 4.3500 49.1&5.22 SERES 2003.49 CLASS SW DUE 01/25/2033 4950 INTEREST PAYMENT 03-25-05 03/28/05 FEDERAL NATIONAL MTG ASSN 5.0000 119.803.93 SERIES 353 CLASS 2 DUE 07/01/2034 5,000 INT RID 02-05 PA) 03-25-05 REPO P 8I 59000 03/28/05 FEDERAL NATIONAL MTG ASSN IMO 5.0000 139,771.25 SERES 353 CLASS 2 DUE 07/01/2034 5900 INT RID 02-05 PA) 03-25-05 REPO P 8I 59000 TOTAL $671,839.62 027 OAOI XIS:09:4S 001 Y878 EFTA00196207 CLEARED THROuGH ITS MOST ORRED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 19 c? 4:I Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stearns& Co. Inc. SETILEMENT TRADE DATE DATE TRANSACTION DESCRPECII SIDAEICtiCUSIP WNW( DEBIT AMOUNT CREDO' AMOUNT 03/01/05 JOURNAL UNITED TATE TREASURY BONDS 3,000,000 3,322,500.00 ATM A2 5.375 1 TERM REPO AGREEMENT 03/01/05 INTEREST UNITED STATES TREASURY BONDS 1,568.04 DUE 02/11. 5,375 NM A2 REPO I 0304;05 JOURNAL GOVERNMENT NATIONAL MTG ASSN 4.300.000 SERIES 2004-5 CLASS PS 4.351 RIM r2 TERM MENT 03/04/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN MEM -4.300.000 444.000.00 SERIES 2004.5 CLASS PS FITM AI 4.351 *U REPO A 03/04/05 JOURNAL UNITED EASURY NOTE 30.000.000 29.475.000.00 FITM 52 4,000 , 15 TERM REPO AGREEMENT 03/04/05 JOURNAL UNITED EASURY NOTE -40.000.000 38,800,000.00 FRM Al 4.000 15 REPO AGREEMENT 03/04/05 INTEREST UNITED STATES TREASURY NOTE 23,645.50 DUE OA. 4,000 RIM n REPO I 03/07/05 JOURNAL UNITED TATES TREASURY NOTE -35,000.000 34.125.000.00 NM Al FINANCIAL TRUST CO INC STATEMENT PERIOD MUM 1.2005 THROUGH MUER 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On Pile LAST STATEMENT February 28.2005 4.000 15 REPO AGREEMENT 027 0401.05.09y1S 001 Y876 EFTA00196208 CLEARED THROUGH ITS WIICtLY omeo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 20 c! 4: Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT DATE 03/07/05 TWEE DATE TRANSACTION JOURNAL DESORPTION UNITED TATES TREASURY NOTE FITM A2 4.000 15 TERM REPO AGREEMENT 03/07/05 INTEREST UNITED STATES TREASURY NOTE DUE 023111. 4,000 FITM n REPO I 01/09M5 JOURNAL FITM UNITED EASURY NOTE 52 15 TERM REPO AGREEMENT 01/09M5 JOURNAL UNITED EASURY NOTE FITM Al 4.000 15 REPO AGREEMENT 01/09X15 DELIVERED UNITED STATES TREASURY NOTE DUE 01/31/2007 3,125 3.125)11(7 w RIM A2 TERM ENT 03/09/05 RECEIVED UNITED STATES TREASURY NOTE DUE 01/31/2007 3,125 3,125 7 FIN A3 TERM ENT 01/09/05 INTEREST UNITED STATES TREASURY NOTE DUE 02/101. 4,000 FITM A2 REPO I 03/09/05 INTEREST UNITED STATES TREASURY NOTE DUE OW/ 1,125 SVIABEIJCUSIP OVANTITY 40,000.000 DEBIT AMOUNT 38.800.000.00 FINANCIAL TRUST CO INC STATEMENT PERK* Mann 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On PIM LAST STATEMENT February 28.2005 CREDIT AMOUNT 1.584.33 35.000.000 34,125,000.00 -40,000.000 38.500.000.00 -8.000.000 7.990.000.00 8,000,000 7.990.000.00 2.644.69 5.166.87 027 0401.05:09:4S 001 V876 EFTA00196209 CLEARED THROUGH ITS MICALY ONT.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 21 0 4:I Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TMIDE DATE DATE TRATISACRON DESCRPRON SYMEMJCUSIP CAMMily DEIST AMOUNT CREW' AMOUNT 03/09/05 INTEREST UNITED STATES TREASURY NOTE 5.166.87 DUE 011 3.125 ATM A3 RESALE 03/10/05 JOURNAL FEDERAL NATIONAL MTG ASSN -11,014,443 7.646.000.00 SERIES 329 CLASS PO DUE 01101/33 STRIP ATM Al REPO AIM. 03,10/05 JOURNAL FEDERAL NATIONAL MTG ASSN 11.014.443 8.514.000.00 SERIES 329 CLASS PO DUE 01101/33 STRIP FMA RIFIRM AI TERM NT 0310105 JOURNAL FEDERAL NATIONAL MTG ASSN VIM -13,137.594 9,120,000.00 SERIES 329 CLASS PO DUE 01101/33 STRIP ATM Al REPO Si 03/10/05 JOURNAL FEDERAL NATIONAL MTG ASSN 13.137.594 9.695.000.00 SERIES 329 CLASS PO DUE 01101/33 STRIP TE RRA RM ENT 03/10/05 JOURNAL FEDERAL NATIONAL MTG ASSN Miff 3.180.365 SERIES 346 CLASS 1 DUE II, ATM A2 TERM MENT 03/10/05 JOURNAL FEDERAL NATIONAL MTG ASSN -3.180.365 2,202,000.00 SERIES 346 CLASS 1 DUE I 1 FITM lip Al REPO A FINANCAL TRUST CO INC STATEMENT PERK* March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On Pile LAST STATEMENT Febuary 28.2005 027 0:01.05:09:49 001 EFTA00196210 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. =Pm 22 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION STMBOL,CvStp WWII/ DEBIT AMOUNT CREDIT AMOUNT 03/10/05 JOURNAL FEDERAL NATIONAL MTG ASSN -4,978,135 3,395,000.00 SERIES 352 CLASS 0,001 FFONT r Al REPO A 03/10/05 JOURNAL FEDERAL NATIONAL MTG ASSN 4,978,135 3.784.000.00 SERIES 352 CLASS 1 0.001 FITM AZ TERM MENT 03/10/05 INTEREST FEDERAL NATIONAL MTG ASSN 7.486.69 SERIES 329 CLASS PO STRIP DUE Oj 0.000 ATM AZ ai REPO I 03/10/05 INTEREST FEDERAL NATIONAL MTG ASSN 18.475.38 SERIES 329 CLASS PO STRIP DUE 01 0,000 FITM AZ REPO i 03/10/05 INTEREST FEDERAL NATIONAL LOG ASSN 8,211.28 SERIES 352 CLASS 1 DUE 07.0. 0.001 NM AZ REPO i 03/14 ,05 JOURNAL FEDERAL NATIONAL MTG ASSN -5,213.713 3.608.000.00 SERIES 346 CLASS I DUE 11. FiTM Al REPO A 03/14/05 JOURNAL FEDERAL NATIONAL MTG ASSN MIK 5,213,713 3,972,000.00 SERIES 346 CLASS 1 DUE I1Rill e ATM AZ TERM MENT CLEARED THROuGH ITS VASCO.? OMT,*0 SURSIOIARY Beer Siert. Se •it' • FINANCIAL TRUST CO INC STATEMENT PERK* March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER WIRIER On File LAST STATEMENT Fetnia4 28.2005 07/ 0401.0593:49 001 'Ws EFTA00196211 CLEARED THROuGH ITS IMICALY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 23 ci 4: Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETILEMENT WADE DATE DATE TRANSACTION DESCRIEMON SYLABC1JCUSIP OMMITIN DEBIT AMOUNT CREDIT AMOUNT 03/14/05 JOURNAL FEDERAL NATIONAL MTG ASSN 4,978,135 3,395,000.00 SERIES 352 CLASS 1 0,001 4 FITM 31.2 TERM MENT 03/14/05 DELIVERED UNITED STATES TREASURY NOTE MIS -8,000,000 7.990.000.00 DUE 01/31,2007 3,125 3,125)01/11,7 FITM A4 TERM AGREEMENT 03/14/05 INTEREST FEDERAL NATIONAL MTG ASSN MIS 8.311.41 SERIES 346 CLASS 1 DUE Ili. 0,000 FITM A2 REPO I 03/14/05 INTEREST FEDERAL NATIONAL MTG ASSN 1,131.67 SERIES 352 CLASS 1 DUE 071. 0,001 FITM A2 REPO I 03/14/05 INTEREST UNITED STATES TREASURY NOTE 7.739.20 DUE 01/ 3125 RIM A4 RESALE oatist5 JOURNAL GOVERNMENT NATIONAL MTG ASSN .300.000 SERIES 2004-5 CLASS PS 4,351 FITM AI REPO 0315;05 JOURNAL GOVERNMENT NATIONAL MTG ASSN 4,300,000 444,000.00 SERIES 2004-5 CLASS PS FINANCAL TRUST CO INC STATEMENT PER000 March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT PeOruaty 28.2005 4,351 K 111 FITM A2 TERM ENT 027 0401.135:09A1S 001 Y876 EFTA00196212 CLEARED THROUGH ITS YITIOlLY °MED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 24 c? 4: Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TIMISACRON DESORPTION SYMECLOCUSIP °GAMIN DEBIT AMOUNT CREDIT AMOUNT 03/15/05 RECEIVED UNITED STATES TREASURY NOTE 175,000,000 174,562,500.00 DUE 12/31/2006 3,000 3,000 FITM Al RESALE T 03/15/05 DELIVERED UNITED STATES TREASURY NOTE MIN -200,000.000 200.000.000.00 DUE 12/31/2006 3,000 3,000 FITM RW2 TERM EEMENT 03/15/05 INTEREST GOVERNMENT NATIONAL MTG ASSN 400.22 SERIES 2004-5 CLASS PS DUE 4,351 FRM A2 REPO I 03/15/05 INTEREST UNITED STATES TREASURY NOTE DUE I Z. i ,000 243,944.44 03/16/05 JOURNAL FEDERAL NATIONAL MTG ASSN 11,014,443 7,646,000.00 SERIES 329 CLASS PO DUE 01101/33 STRIP FRM Mr A2 TERM MENT 03,16,05 JOURNAL FEDERAL NATIONAL MTG ASSN NNE 13,137,594 9,120,000.00 SERIES 329 CLASS PO DUE 01/01/33 STRIP ATM air A2 TERM MENT 03,16,05 JOURNAL FEDERAL NATIONAL MTG ASSN -16,269.480 11.248.000.00 SERIES 329 CLASS PO DUE 01t01/33 STRIP FINANCIAL TRUST CO INC STATEMENT PERIOD Match 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On Fda LAST STATEMENT PeOEUEUX 28.2005 ATM 81 REPO A 027 0401.05:0:49 001 Y876 EFTA00196213 CLEARED THROUGH ITS YiliCtLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 25 c! 4: Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRACE DATE DATE TRANSACTION DESORPTION SYMBOLCvStP Gummy DEBIT AMOUNT CREDIT AMOUNT 03/16/05 JOURNAL FEDL HOME LOAN MTG CORP#S 10110 -9.755,215 2,013,000.00 SERIES 228 CLASS 10 6Fam ,000plair m REPO 03/16/05 JOURNAL UNITED EASURY NOTE -30.000.000 28.650.000.00 FITM Al 4,000 15 REPO AGREEMENT 03/16/05 JOURNAL UNITED EASURY NOTE 40.000.000 38.500.000.00 FITM A2 4,000 15 TERM REPO AGREEMENT 0316/05 INTEREST FEDERAL NATIONAL MTG ASSN MEN 3.823.00 SERIES 329 CLASS PO STRIP DUE 013.0. 0,000 FITM A2 REPO I 0316/05 INTEREST FEDERAL NATIONAL MTG ASSN 4.560.00 SERIES 329 CLASS PO STRIP DUE 01,10 0,000 FITM A2 REPO I 03/16/05 INTEREST UNITED STATES TREASURY NOTE 6.684.03 DUE 02:1110 4,000 FITM A2 REPO I 03/18105 JOURNAL FEDERAL NATIONAL MTG ASSN NMI .201.100 SERIES 346 CLASS 1 DUE 11 FITM IMF Al REPO A FINANCIAL TRUST CO INC STATEMENT PER000 March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On Pole LAST STATEMENT Fehruant 28.2005 027 0401A3S:09:4S 001 'WE EFTA00196214 CLEARED THROUGH ITS ORY.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 26 4:I Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETILEMENT TRACE DATE DATE TRANSACTION DESCRIPTION STIAEICIJCUSIP CUMIN DEBIT AMOUNT CREDIT AMOUNT 03/18/05 JOURNAL FEDERAL NATIONAL MTG ASSN 3,180,365 2,202,000.00 SERIES 346 CLASS I DUE II FITM A2 TERM ENT 03/18/05 INTEREST FEDERAL NATIONAL MTG ASSN MI= 1,468.00 SERIES 346 CLASS 1 DUE 11t 0,000 FITM A2 REPO I 03/21/05 JOURNAL FEDERAL NATIONAL MTG ASSN 201.100 SERIES 346 CLASS I DUE IAS I FITM A2 TERM MENT 01,21/05 JOURNAL FEDERAL NATIONAL MTG ASSN -1.556.665 SERIES 346 CLASS DUE I I FITM Al REPO A 01,21/05 JOURNAL FEDERAL NATIONAL MTG ASSN MIK 1.355.565 1.000.000.00 SERIES 346 CLASS DUE II FITM A2 TERM ENT 01,21/05 RECEIVED UNITED STATES TREASURY NOTE 50.000.000 49.875.000.00 DUE 12131/2006 3,000 F3ITM .000 l Al RESALE T 03/21/05 DELIVERED UNITED STATES TREASURY NOTE -175.000.000 174.562.500.00 DUE 12/31/2006 3,000 FINANCIAL TRUST CO INC STATEMENT PER000 March 1.2005 THROUGH Mirth 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT Psalm/ 28.2005 3,000 FITM AWL TERM EEMENT 027 0401.05:09:4S 001 Y876 EFTA00196215 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. =Pm 27 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASETRANSACTIONS SETTLEMENT DATE 03/21/05 TRADE DATE TRMISACSON DESORPTION JOURNAL UNITED TATE TREASURY NOTE ATM A2 4.000 15 TERM REPO AGREEMENT (continued) 01+21/05 JOURNAL UNITED EASURY NOTE ATM Al 4,000 15 REPO AGREEMENT 03/21/05 INTEREST FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE 11r 0.000 FILM A2 REPO I 03P21/05 INTEREST UNITED STATES TREASURY NOTE DUE I21.1 1.000 03/21/05 INTEREST UNITED STATES TREASURY NOTE DUE 02:111. 4.000 ATM A2 REPO I 03/22/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004.5 CLASS PS 4100 RIM A2 TERM MENT 03/22/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004.5 CLASS PS 4.100 FITM Al REPO A 03/22/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5.000 FFONT Al r REPO A CLEARED THRouGH ITS OMY*0 SUBSIOTAIly Beer Sten. Se •it' • FINANCIAL TRUST CO INC STATEMENT PER000 March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER MAGER On Edo LAST STATEMENT Febuary 28.2005 SYTABIELGyMP I:COMM DEBIT AMOUNT CREDIT AMOURS' 30.000.000 28,650,000.00 EWE .56,000.000 53.830.000.00 MEM 1.926.67 MI= 71,473.65 WEE 10.035.46 MEM 4.300.000 MEM -4,300,000 427..000.00 14252,296 3.322.000.00 021 0401.05:09:49 001 Yeas EFTA00196216 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. =Pm 28 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) CLEARED THROuGH ITS wisCtLY CAM,E0 SUBSIDIARY Beer Stea•nt. Se •it' • FINANCIAL TRUST CO INC STATEMENT PERK* Mirth 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER OR PIM LAST STATEMENT Pebruaiy 28.2005 STATEMENT TRADE DATE DATE TRANSACTION DESCRPTICH STMEICLCVSIP DEBIT AMOUNT CREDIT AMOUNT 03/22/05 JOURNAL FEDERAL NATIONAL MTG ASSN 14,252.296 3,322,000.00 SERIES 353 CLASS 2 ovNTin 5 . 00 0 FITM . i 1 rn REPO A 03/22/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 Ai FITM AS REPO A 03/22/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 lai RIM r A3 REPO A 03/22/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5.000 SW RIM A4 REPO A 03/22/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5.000 FITM RIMIC36 TERM ENT 03/22/05 JOURNAL FEDL HOME LOAN MTG CORP#S 10110 SERIES 228 CLASS 10 6,0001.35 FITM Al REPO 03/22/05 JOURNAL F111 E 4 II EASURY NOTE A l 4 R ,000 Is REPO AGREEMENT 03/22/05 JOURNAL UNITED EASURY NOTE RIM A2 4.000 15 TERM REPO AGREEMENT -14,252,296 3.322.000.00 -14,252,296 3.400.000.00 14,252,296 3,400,000.00 28,504.592 6,406,000.00 -9.755,215 2.018.000.00 -30.000.000 28.800.000.00 56.000.000 53.830.000.00 027 0.01.05:09:4S 001 '.876 EFTA00196217 CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 29 c? 4: Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRACE DATE DATE TRANSACTION DESCRPTION 03/22/05 INTEREST FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 DUE 07111. 5.000 FITM B6 REPO I 03/22/05 INTEREST UNITED STATES TREASURY NOTE DUE 02t 4.000 FITM A2 REPO I 03/23/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 FIRM 0.111134A6 TERM MENT 03/23/05 JOURNAL FEDL HOME LOAN MTG CORP#510109 SERIES 227 CLASS 10 FSIT114 "0 310KA2 TERM ENT 03/23/05 JOURNAL FEDL HOME LOAN MTG CORP#510109 SERIES 227 CLASS 10 5.000 FITM 30. 34A2 TERM MENT 03123/05 JOURNAL FEDL HOME LOAN MTG CORP#S 10109 SERIES 227 CLASS 10 5,000 W FITM A 1 REPO A 03/23/05 JOURNAL FEDL HOME LOAN MTG CORP#510109 SERIES 227 CLASS 10 5.000 lai FITM A r REPO A SIMADDUICUSIP OVANTITT MIT AMOUNT 34,606.64 FINANCIAL TRUST CO INC STATEMENT PERIOD March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER NUmBER On File LAST STATEMENT February 28.2005 CREDIT AMOUNT 3,887.72 14.252.296 3,322,000.00 13,731.183 5.884.792 -11,279,186 -8.336.790 2.032.000.00 027 0401.05:09:49 001 .876 EFTA00196218 CLEARED THROUGH ITS MOST ORY.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 30 c? 4: Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SET1LEIAENT TRACE DATE DATE TRANSACTION DESORPTION 03/23/05 INTEREST FEDERAL NATIONAL MTG ASSN SERIES 353 CUSS 2 DUE 07310 5,000 FITM A6 REPO I 03/28/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE 11 FRM A2 TERM MENT 03/28/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 346 CUSS 1 DUE 11 FITM Al REPO A 0312&05 INTEREST FEDERAL NATIONAL MTG ASSN SERIES 346 CUSS 1 DUE 1 Jai 0,000 FITM A2 REPO I 03/29/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 4,100 FITM Al REPO 03/29/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 4,100 FRAM R111.2 TERM MENT 0329,05 INTEREST GOVERNMENT NATIONAL MTG ASSN SERIES 2004.5 CLASS PS DUE 02i 4.100 FITM A2 REPO I STMDECCUSIP OUNGITY CENT AMOUNT 263.91 FINANCAL TRUST CO INC STATEMENT PERIOD Mann 1.2005 THROUGH MUM 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT February 28.2005 CREDIT AMOUNT 677.782 500,000.00 .677.782 1.135.56 -4.300.000 4.300.000 427 000 00 253.23 027 0401.135:09:4S 001 'We EFTA00196219 CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 31 c! 4:I Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEMENOrt TRACE DATE DATE TRANSACTION DESCRIPTION 03/30/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 ATM W1 REPO A 03/30/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 FITM W32 REPO A 0380/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5.000 FITM B3 REPO A 0380r05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 11.1 ATM 84 REPO A 03.30105 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 FITM W35 REPO A 03.30105 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 IT FI14 WAtt TERM MENT 033005 JOURNAL FEDL HOME LOAN MTG CORP#S 10110 SERIES 228 CLASS 10 6,000 FITM REPO A FINANCIAL TRUST CO INC STATEMENT PERIOD March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT February 28.2005 SYMBOLCVSP OUAARITY MINT AMOUNT CREDIT AMOUNT 49.003061 4.429.000.00 SIM 19.003.061 4,429,000.00 -19,003,061 4.429.000.00 19.003,061 4,429,000.00 -19.003.061 4.429.000 00 EMI 33,255.358 7,351,000.00 Mit -9.755,215 100,000.00 027 0401.05:09:4S 001 0876 EFTA00196220 CLEARED THROUGH ITS MICELI? ORY.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 32 0 4: Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SERLEMENT TOLE DATE DATE TRANSACTION DESCRIGTH 03/30/05 JOURNAL FEDL HOME LOAN MTG CORP#S 10110 SERIES 228 CLASS 10 6,000 FITM Marl REPO A 03/30/05 JOURNAL FEDL HOME LOAN MTG CORP#S 10110 SERIES 228 CLASS 10 6,000 FITM W2 REPO A 0380/05 JOURNAL FEDL HOME LOAN MTG CORP#S10110 SERIES 228 CLASS 10 6,000 M ir F1TM A3 REPO A 0380ros JOURNAL FEDL HOME LOAN MTG CORP#S10110 SERIES 228 CLASS 10 6,000 FILM REPO A 03/30/05 INTEREST FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 DUE 073110 5000 FITM A4 REPO I SYMEICIECvStP FINANCIAL TRUST CO INC STATEMENT PERKO March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER WARIER On File LAST STATEMENT Fenian/ 28.2005 COWIN DEBIT AMOUNT CREDIT AMOUNT -9.755,215 2,062,000.00 9.755,215 2.062.000.00 -9.755215 9,755,215 35,623.76 TOTAL 5544.732.894.06 5683,221,824.16 MISCELLANEOUS DATE 1.13GAT TRAAISACTEN DESCRIPTOR 03/09/05 DELIVERED 20653766 ISILIPON 4.0000 FINANCING NET PAIROFF DBE DEBIT AMOUNT CTECIT 189.59 027 0.01.05:09:49 001 '.876 EFTA00196221 CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 33 0 4: Transaction Detail (continued) MISCELLANEOUS (continued) DATE MOAT TRANSACTCN 03/11/05 JOURNAL DESCADMON FNMA 30YR. GTD SETT. 03/05 5.500 DUE 03101 /35 MEG NET 03/11/05 DEBITAMOUNT CREW MOUNT 201,367.18 03/11/05 JOURNAL FNMA-30YR(FNMA)GTD SER.03105 5.000 DUE 03/01/35 MBS NET 03/11/05 113.281.25 03/14/05 JOURNAL FNMA 30YR(FNMA) GTD SETS, 03/05 6.000 DUE 03/01/35 MEG NET 03/14/05 34,375.00 03/15/05 JOURNAL FEB 05 SPEC CLEARING FEES 03/21/05 JOURNAL 5.450.00 TO CMDY AIC 892.060.50 03/22/05 JOURNAL FR CMDY 34.812.50 03/22/05 RECEIVED FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5.000 DUE 07101/34 DUE 07/01+2034 5.000 16362 TRIP POOL 0021445 COUPON 5,0000 78.000.00 03/22/05 DELIVERED FEDERAL NATIONAL MTG ASSN 78.000.00 SERIES 353 CLASS 2 5.000 DUE 0701/34 DUE 07,01:2034 5.000 T 0916370 TRIP PCO. 0021445 CCUPCN 5,0000 03/23/05 JOURNAL FR CMDY AC 267,100.00 03/24/05 JOURNAL FR CMDY At 03/28/05 JOURNAL 98,562.50 FR CMDY 6.462.50 FINANCIAL TRUST CO INC STATEMENT PERK* March 1.2005 THROUGH Mirth 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT PeOnnity 28.2005 027 0601.05:09:49 001 V876 EFTA00196222 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 34 Transaction Detail (continued) MISCELLANEOUS (continued) DATE MaIMT TIRMISACTION DESCRIPTION EMTAMOUNT CREMT AMOUNT 03/29/05 JOURNAL FR CMDY NC 69,662.50 03/30/05 RECEIVED FEDL HOME LOAN MTG CORP#S10110 100,000.00 SERIES 228 CIASSIO 6,000 DUE 02+01/35 DUE 02 1191YNc A n00 STRIP POOL 0034145 COUPON 6,0000 03/30/05 RECEIVED FEDL HOME LOAN MTG CORP#S10110 2.062.000.00 SERIES 228 CLASS* 6.000 OUE 0201:35 DUE 02 OD CSTRIP POD.. 0034145 CCUPCN 6.0000 03.+30/05 DELIVERED FEDL HOME LOAN MTG CORP#S10110 100,000.00 SERIES 228 CLASS 10 6.000 DUE 02101.35 DUE OZfTl9n3c x000 STRIP POOL 0034145 COUPON 6,0000 03/30/05 DELIVERED FEDL HOME LOAN MTG CORP#S10110 2.062.000.00 SERIES 228 CIASSIO 6,000 DUE 02+01/35 DUE MAT1191YLc a n00 STRIP POOL 0034145 COUPON 6,0000 TOTAL 3-3,452,158.93 $2,751,164.59 CLEARED IHROuGH ITS viiiCti.v OW,*0 SUCISIOally Beer &ter FINANCIAL TRUST CO INC STATEMENT PERK* March 1.2005 THROUGH Minh 31.2005 ACCOUNT NUMBER TAXPAYER MAKER On File LAST STATEMENT February 28.2005 027 C40145:09:0 001 Y876 EFTA00196223 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 35 Trades Executed Pending Settlement SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION 04/01/05 03/31/05 BOUGHT 04/01/05 03.31/05 SOLD 04/01/05 03/31/05 SOLD 04/13/05 03/14/05 BOUGHT 04/13/05 03/15/05 BOUGHT 04/13/05 03/16/05 BOUGHT 04/13/05 03/21/05 BOUGHT UNITED STATES TREASURY NOTE 03,000% JD 30 0 MATURITY GVER REF # G0901002 Al UNITED STATES TREASURY NOTE 03,750% MS 31 0 MATURITY GVER REF Ft 60901006 Al UNITED STATES TREASURY NOTE 03,750% MS 31 0 MATURITY GVER REF # G0901006 81 FNMA 30YR GTD SETT, 04105 00100.06.000% 57280000 BS FNMA 30YR GM SETT, 04105 05,000% 57140000 BS FNMA 30YR GTD SETT, 04105 101.1105,000% 57130000 BS FNMA 30YR GTD SETT, 04/05 05.000% 57140000 BS CLEARED THROuGH ITS wisE0.11 OUT,*0 SUBSIOTAlly Reef Siva rr 'if FINANCIAL TRUST CO INC STATEMENT PERK* March 1.2005 THROUGH March 31.2005 ACEOUST NUMBER TAXPAYER MAKER On File LAST STATEMENT February 28.2005 SYMBOL:CU-MP °WIN PRICE DEBIT AMOUNT CREC0 WONT 50.000.000.00 98.7304 49.742.306.20 Mir -30.000.000.00 99.9140 29.977.292.52 Mil -50.000.000.00 99.9140 49.962.154.20 10.000.000.00 97.7109 9.771.093.75 VIM 20.000.000.00 97.5781 19.515.625.00 11111 5.000.000.00 97.9335 4,896,679.69 EMI 40.000.000.00 97.7500 39.100.000.00 027 04LOIXIS:09:4S 001 2876 EFTA00196224 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 36 Trades Executed Pending Settlement (continued) SETTLEMENT TRADE DATE DATE TRANSACTION CESOMPTION 04/13/05 03/30/05 BOUGHT 041 3105 03/08/05 SOLD 04/13/05 03/08/05 SOLD 04/13/05 03/09/05 SOLD 04/13/05 03/09/05 SOLD 04/13/05 03/14/05 SOLD 04/13/05 03/18/05 SOLD STMOOLCUSE> CLEARED TiTRoue,' ITS %%Ore ERMCD SCUMMY', Beer Sown id FINANCIAL TRUST CO INC STATEMENT PERIOD March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER NUEIBER On File LAST STATEMENT Febnialy 28.2005 CAMA/TITY PR CE DEBIT AMOUNT CPECKI AMOuNI FNMA 30YR GTD 50.000.000.00 97.3984 48,699,218.75 SETT, 04105 57320000 BS FNMA 30YR GTD SETT 04105 05,000% 58030000 BS FNMA 30YR GTD SETT, 04105 05.000% 57670000 BS FNMA 30YR GTD SETT, 04105 10100105000% 57380000 BS FNMA 30YR GTD SETT, 04,.05 05,000% 57320000 BS FNMA 30YR GTD SETT, 04105 57080000 BS FNMA 30YR GTD SETT, 04/05 7000000 BS -10.000.000.00 98.4687 9.846.875.00 -20.000.000.00 98.5312 19.706.250.00 -15.000.000.00 97.9218 14,688,281.25 -20.000.000.00 97.9921 19,598,437.50 -20.000.000.00 97.6562 19,531,250.00 -20.000.000.00 97.9101 19,582,031.25 027 041)0165:09:4S 001 Y8713 EFTA00196225 B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 37 c? 4:I Trades Executed Pending Settlement (continued) CLEARED THROUGH ITS WHOM.? (AMC/ SUBSIDIARY Beer Sier FINANCIAL TRUST CO INC STATEMENT PERK* March 1.2005 THROUGH Marsh 31.2005 ACCOUNT NUMBER TAXPAYER WhISER On Ale LAST STATEMENT EMNUEly 28.2005 SETTLEMENT DATE TRADE DATE TRANSACTION DESORPTION SM100.,CuSP OuANTITY AXE DEOIT AMOUNT CREPT AlKuNT 04/13/05 03/18/05 SOLD FNMA 30YR GTD -20.000.000.00 97.9218 19.584.375.00 SETT, 04105 57050000 BS 04/13/05 03/14/05 BOUGHT FNMA 30YR GTD 5.000.000.00 100.1328 5.006.640.63 SETT 04105 05,500% 57290000 BS 04/13/05 03/16/05 BOUGHT FNMA 30YR GTD NMI 5.000.000.00 100.2656 5,013,281.25 SETT, 04105 larnitiii05,500% 57240000 BS 04/13/05 03/29/05 BOUGHT FNMA 30YR GTD 20.000.000.00 101.4843 20.296.875.00 SETT, 04105 Itaill05,500% 57130000 BS AS OF 03/29/05 04/13/05 03/30/05 BOUGHT FNMA 30YR GM 35.000.000.00 99.8125 34.934.375.00 SETT 04105 05,500% 57390000 BS 04/13/05 03/29/05 CANCEL BUY FNMA 30YR GM NMI 20.000.000.00 101.4843 20,296.875.00 SETT, 04105 57130000 BS AS OF 03/29/05 04/13,05 03/08/05 SOLD FNMA 30YR GTD -10.000.000.00 100.7070 10.070.703.13 SETT, 04105 58150000 BS 027 DAV 06.49:49 001 '.876 EFTA00196226 CLEARED THROUGH ITS MIPS? 0111,(D SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 38 Trades Executed Pending Settlement (continued) FINANCIAL TRUST CO INC STATEMENT PERK* March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER AMMER On File LAST STATEMENT PeOlUary 28.2005 SETTLEMENT DATE TRADE DATE TRANSACTION CESCRPTION 20/00..CuSP OuANTITY PRCE DEOIT AMOUNT CREPT MORO 04/13/05 03/09/05 SOLD FNMA 30YR GTD -15,000.000.00 100.2812 15,042,187.50 SETT, 04105 05,50016 57390000 BS 04113/05 03/09/05 SOLD FNMA 30YR GTD -20,000.000.00 100.3476 20.069.531.25 SETT 04105 05.500% 57280000 BS 04/13/05 03/29/05 SOLD FNMA-30YR(FNMAJGTO -20,000.000.00 101.7187 20.343.750.00 SETT,04/05 57090000 BS 04/13/05 03/30/05 SOLD FNMA-30YR(FNMA)GTD -20.000.000.00 101.9218 20.384.375.00 SETT,04/05 06.000% 57150000 BS 04/18/05 03/29/05 BOUGHT FNMA 30YR GTD 20,000,000.00 101.4843 20.296.875.00 SETT, 04,05 05,500% 57130000 BS 04/18/05 03/29/05 CANCEL BUY FNMA 30YR GTD 20,000,000.00 101.4843 20,296,875.00 SETT, 04105 57130000 BS AS OF 03/29/OS 04/18105 03/08105 BOUGHT FNMA-15YR(FNMA-15)GTD 20,000,000.00 98.5468 19,709,375.00 SETT,04/05 00. 404.500% 57680000 BS 027 0401.05:09:49 001 '.X7S EFTA00196227 CLEARED THROUGH ITS MIDST ORT.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 39 c? 4: Trades Executed Pending Settlement (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 04/18/05 03/14/05 BOUGHT 04/18/05 03/09/05 SOLD 04/18/05 03/15/05 SOLD 04/18/05 03/29/05 BOUGHT 04/18/05 03/30/05 BOUGHT 0512/05 03/31/05 BOUGHT DESCRIPTION FNMA-15YR(FNMA-15)GTD SETT,04/05 01,50016 57040000 FNMA-15YR(FNMA-15)GTD SETT 04/05 04,500% 57590000 FNMA-15YR(FNMA-15)GTD SETT,04/05 57260000 FNMA 15YR(FNMA 15)GTD SETT,04 OS 57130000 AS CF 03:29:05 FNMA-15YR(FNMA-15)GTD SETT 04:05 05,500% 57110000 FNMA-30YR(FNMAJOID SETT,05/04 100/005,000% 57140003 FINANCIAL TRUST CO INC STATEMENT PERIOD March 1.2005 THROUGH Minh 31.2005 ACCOUNT NUMBER TAXPAYER ARAISER On FM LAST STATEMENT PeOrualy 28.2005 SO,100..CuSP OUANTITY PPICE DENT AMOUNT CREPT AMOUNT BS 20,000,000.00 97.7734 19,554,687.50 -20,000.000.00 97.9531 19.590.625.00 BS -20,000.000.00 97.7421 19.548.437.50 BS 20.000.000.00 101.4843 20.296.875.00 BS 20.000.000.00 101.6406 20.328.125.00 BS 20.000.000.00 97.4921 19.498.437.50 BS 027 0410105:09:4S 001 Y876 EFTA00196228 CLEARED THROUGH ITS YAIOU.Y omeo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 40 c? 4: Trades Executed Pending Settlement (continued) SETTLEMENT TRADE DATE DATE TRANSACTION CECRPTION 05/12/05 03/31/05 BOUGHT Sr/A80-CUSP FINANCIAL TRUST CO INC STATEMENT PERK* March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER ARAISER On File LAST STATEMENT Febniary 28.2005 OuANTITY PRICE DENT AMOUNT Ca£O.T AMOLNT FNMA-30YR(FNNIA)GYD 20.000.000.00 99.8906 19,978,125.00 SETT,05:05 1000005.500% 57150003 BS TOTAL $376.638.595.27 $368.120,306.10 The Mot, yak., Co inn %Veal m a, 011µ.. ee.t n End of Statement 027 DIDIOSITYSMS 001 V876 EFTA00196229 CLEARED 1HRCOGH ITS IMICtLY OHGED SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT S m ear. Stearns 8 Co. Inc. ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE veemr.bearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 7 Trades Not Yet Settled 37 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD 1.175.677 LONG ACCRUED INTEREST 4.920 NET CREDIT BALANCE 336.828 NET EQUITY THIS PERIOD $1,517,425 NET EOLIITY LAST STATEMENT 11,740.244 CHANGE SINCE LAST STATEMENT -10,222.820 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. 11111111111111111 I I FINANCIAL TRUST CO INC =JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE 63 ST THOMAS VI 00802 Market Value of Your Portfolio Cash 8 Equvalent _6336.828 $976.344 Fixed Income 175.677 (Criall (nal)) $10.656.868 Current market va_ue MIN Last statements market value I fel r FINANCIAL TRUST CO INC STATEMENT PERKO February 1.2006 THROUGH February 28.2005 ACCOLNT NUMBER TAXPAYER WINER On File LAST STATEMENT January 31.2005 TMETEETETelsTor eleccourbeal dowses otitis not INOMMEI as a tat doaevert Tin Abend shood M retaned for your records Soo worn Sr faffeSCROft rdormalpn 027 CGOINS:11:09 001 van EFTA00196230 CLEARED 'THROUGH RS WHOLLY OBAED SUBSIDIARY FINANCIAL TRUST CO INC 2 o13$ STATEMENT BACKER IS PRINTED ON THIS PAGE 027 03OLO5:11:09 001 van EFTA00196231 CLEARED THROUGH ITS MIPS? EMBED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 3 o •Je, Cash Flow Analysis THIS PEFICO Opening Balance $976,344.40 Securities Sold Dividends Interest Miscellaneous 1,577,818,284.36 2,846,165.17 86,598.03 Amount Credited $1.580.751,047.56 Securities Bought Dividends/Interest Charged Miscellaneous -1,579,710,263.75 -1,601,047.44 -79.253.13 Amount Debited $-1.581,390,564.32 Net Cash Activity -639.516.76 ClosingBalance $336,827.64 Cash Balance Summary OFth CLOSING Margin 976.344.40 336,827.64 Net Cash Balance $976,344.40 $336,827.64 Income Summary TAS PERICO YEAS TO DATE U.S. Govt. Bond Int. Govt. Agency Int. Corp. Bond Int. Credit Balance Int. Reverse Repurchase Int. 2,046,727.15 673.909.66 124.771.86 756.50 267.946.52 2.331.844.56 1.329.239.69 254.949.30 756.50 503.374.01 Total $3 114 111.69 $4 420 164.06 Bond Purchase Int. Repurchase lnt. Exp. -1.601.047.44 -104.943.86 Portfolio Composition CashtCash Equivalent Fixed Income -2.190,436.95 -222,965.23 336,828 1.175,677 Total $1.512.505 027 030705:11:09 001 FINANCIAL TRUST CO INC STATEMENT PEffico February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER KINSER On Ale LAST STATEMENT January 31.2005 Your Portfolio Allocation j Cash & Equivalent 23% 7 Fued Income 7% Untivaecl croons Oen,* Oat Dionp, *nee Or, male wive, The eincom ;event'', If dewed Icon to '0191A* motel itbe al >ov Mtn" 1872 EFTA00196232 CLEARED THROUGH ITS YAICU.Y omeo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 4 o nn Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCPJPION CASH BALANCE S•MSCLOSIP PMPXET ES1ILIATED CURPENT OUMITJTY PACE VALUE WSJ& IniCCuE vat I%) 336.828 TOTAL CASH & CASH EQUIVALENTS S338.828 FIXED INCOME Government & Agency Obligations DESCRPRON SWA3OLCUSP ACCT TYPE DUMMY PRICE MARKET VALUE ACCRUED MEREST EsrAtanm ANNUAL INCOME CURREM YEID Ity FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW DATED DATE 04/30/03 BOOK ENTRY ONLY DUE 01/25/2033 4.350% FACTOR - .55821251 FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS I DATED DATE 11/01/03 BOOK ENTRY ONLY DUE 11/01/2033 FACTOR — 1.00000000 Total Government& Agency Obligations MRGN MRGN 13,568,337 1 8,6649 1,175.676 78.8359 $1,175.677 4.920 34.920 590.223 3590.223 50.2029 TOTAL FIXED INCOME $1,175.677 34.920 3590.223 YOUR PORTFOLIOHOLOINGSACCRUED INTEREST $4,920 YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME $590.223 YOUR PRICED PORTFOLIOHOLDINGS 81.512.505 FINANCIAL TRUST CO INC STATEMENT PERK* February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NA DER OR PIM LAST STATEMENT January 31.2005 027 0101G5:11:09 001 EFTA00196233 CLEARED THROUGH ITS YiNCtLY 0‘11,E0 SUBSIOMAY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 5 Repurchase and Reverse Repurchase Transactions with Bear, Stearns& Co. Inc.outstanding as of date of statement PACK'S& FIEFURCHPSE PRICING PURCHASE RIM ACCRUED REPO GUANTIN START DATE DAM ROE PAINOPAL MEREST' (FACE AMOUNT) CUSP DESCRIPTOR I it' GoI FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCCUNT NUMBER TAXPAYER MADER On PIM LAST STATEMENT January 31.2005 YOu SOLD GOVERNMENT NATIONAL MEG ASSOC (REPO) 01/13105 04/11105 2.860 -2.601.000 -9.711 -22.100.000 SEES 2004-S CLASS P 4,3518 02/20/33 YOU SOLD FANNIEMAE STRIP (REPO) 01/13/05 04/11/05 2.860 -11.902.000 -44.440 -30.000.000 SEES 329 CLASS PO 12/01/32 YOU SOLD FANNIE MAE STRIP (REPO) 01/13/05 04/11/05 2.860 -6.406.000 -23.919 -30.000.000 SEES 353 CLASS 10 5,0000 07/01/34 YOU SOLD FANNIE MAE STRIP (REPO) 01128/05 04/11/05 2,860 -7.351.000 -18.687 -35.000.000 SEES 353 CLASS 10 5,0000 07/01/34 YOU PROVIDED FEDERAL NATIONAL MTG ASSOC (MARGIN) 02/07/05 OPEN 0,000 -50.000.000 SEES 2003-13 CLASS 5.3500 03,125/33 YOU PROVIDED GOVERNMENT NATIONAL MTG ASSOC (MARGIN) 02/09/05 OPEN 0,010 4.300.000 SEES 2004-5 CLASS P 4,3518 02/20/33 YOU SOLD FANNIE MAE STRIPS (REPO) 02/10/05 03/10105 2,790 -3.784.000 -5.571 -5.500.000 SEES 352 CLASS PO 07/01/34 YOU SOLD FANNIEMAE STRIP (REPO) 02/10/05 03/10/05 2,790 -8.514.000 -12.536 -20.959.779 SEES 329 CLASS PO 12/01/32 YOU SOLD FANNIEMAE STRIP (REPO) 02/15/05 03/14/05 2,790 -3.972.000 -4.309 -7.000.000 SEES 346 CLASS PO 11/01/33 YOU PROVIDED FEDERAL HOME LOAN STRIP (MARGIN) 02/16/05 OPEN 0,000 -14,000.000 SEES 227 CLASS 10 5,0000 12/01/34 YOU PROVIDED FEDERAL HOME LOAN STRIP (MARGIN) 02/17/05 OPEN 0,000 -6.000,000 SEES 227 CLASS 10 spoof) 12/01/34 027 03,01,05:11:09 001 Y872 EFTA00196234 CLEARED THROUGH ITS YAIDALY OUS*0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 6 Repurchase and Reverse Repurchase Transactions (continued) with Bear,Stearns& Co.Inc. outstanding asof date of statement (continued) PURCHASE/ START DATE REPURCHASE DATE PRICING RATE PURCHASE PRIC£I PRINCPAL ACCRUED REPO MEREST' GUAPMTY (FACE AMOUNT) CUSP DESCRIPTION YOU SOLD UST/ 4,0000 02/15/15 (REPO) 02/18/05 OPEN 2.270 -29.475.000 -20.730 -30.000,000 YOU SOLD UST/ 5,3750 0'2/15/31 (REPO) 02/22/05 OPEN 2520 -3.322.500 -1.568 -3.000.000 YOU SOLD FANNIEMAE STRIP (REPO) 02/25/05 03/24/05 2.890 -1.000.000 -321 -1.820,000 SERES 346 CLASS PO 11/01/33 YOU SOLD FANNIEMAE STRIP (REPO) 02/28/05 03/10/05 2.780 -9.695.000 -748 -25.000.000 SERES 329 CLASS PO 12/01/32 YOU SOLD FANNIEMAE STRIP (REPO) 02/28/05 03/28/05 2.920 -500.000 -40 -910.000 SERES 346 CLASS PO 11/01/33 YOU PROVIDED FANNIEMAE STRIP (MARGIN) 02/28105 OPEN 0.000 -4.270.000 SERES 346 CLASS PO 11/01/33 YOU BOUGHT UST/ 3,125001/31/07 (REVERSE) 02/23/05 OPEN 2.200 7.990.000 1.207 8.000.000 YOU BOUGHT UST/ 3,0000 12/31/06 (REVERSE) 02/24/05 OPEN 2.400 200.000.000 65.000 200.000.000 TOTAL REVERSE REPURCHASETRANSACTIONS I,Sean SPCmit' GoI FINANCIAL TRUST CO INC STATEMENT PERK* February 1.2005 THROUGH February 28.2005 *COMM NUMBER TAXPAYER NUMBER OR FOR LAST STATEMENT January 31.2005 1207.990.000 186.207 TOTAL REPURCHASETRANSACTIONS 148.522.500 1-142580 As ct sLmaraoni date 027 0101GS:11:09 001 7872 EFTA00196235 CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 7 cl nn Transaction Detail INVESTMENT ACTIVITY FINANCIAL TRUST CO INC STATEMENT PERK* February 1.2005 THROUGH February 28.2005 AGLOW! NUMBER TAXPAYER MASER On FIN LAST STATEMENT January 31.2005 SETTLEmENT DATE TRADE DATE TRANSACT/0,J c,Eyba pHON SAIEICLCUSP OuAmire PRGE DEBIT AMOUNT CREDIT AMOUNT 02/01105 01/31105 SOLD UNITED STATES TREASURY NOTE .15,000.000 99.68750 14.953.125 .00 03.125% JJ 31 0 MATURITY ACCR, INT, 1.294.89 GVER REF # G031 1009 Al 02/04105 02/03+05 SOLD UNITED STATES TREASURY NNE NMI -25.000.000 99.60156 24.900.390 ,63 03.125% JJ 31 0 MATURITY ACCR, INT, 8.632.59 GVER REF P G0341008 Al 0=7+05 02/04+05 BOUGHT UNITED STATES TREASURY NOTE 9.000.000 101.32422 9.119.179.69 04.250% MN 15 0 MATURITY ACM INT, 88.756.90 GVER REF # G0351017 Al 02/07+05 02/04+05 BOUGHT UNITED STATES TREASURY NOTE 12.000.000 101.59375 12.191.250.00 DUE 1111 5+2014 04.250% MN 15 ACM INT. 118.342.54 SPECIAL INSTRUCTIONS YIELD 4.050 % TO MATURITY GVER REF 0 G0355379 A3 wwEe 02/07+05 02/04+05 BOUGHT UNITED STATES TREASURY NOTE MIN 16.000.000 99.49219 15.918.750.00 03.000% JD 30 ACM INT. 50.386.74 0 MATURITY GVER REF # 60351009 Al 02/07+05 02/04+05 SOLD UNITED STATES TREASURY NOTE NNW -20000.003 99.71094 19.942.187 ,50 03.625% JJ 15 ACCR. INT. 46.063.54 . 0 MATURITY GVER REF # G0351013 Al 02/07105 02/04+05 SOLD UNITED STATES TREASURY NOTE -15.000.000 99.75391 14.963.085 ,94 03.125% JJ 31 0 MATURITY ACCR, INT, 9.064.22 GVER REF 0 60351035 Al 027 03,01G5:11:09 001 '.1172 EFTA00196236 CLEARED THROUGH ITS ?RIMY CAM,E0 SUBSIDIARY BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 8 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTOR 0207105 PRINCIPAL 02,08105 02/07105 BOUGHT 02/08/05 02/07105 SOLD 0209/05 02/08105 BOUGHT 0209105 02/08105 SOLD 02/10105 01/11105 CANCEL SELL 02/1005 01/18105 CANCEL SELL OESCRIPTION FEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 CL PO 0.001 DIE 03/01/32 PRINCIPAL REDUCTN 02-25-05 UNITED STATES TREASURY BONDS 05.375% FA 15 MATURITY GVER REF # G0381001 Al UNITED STATES TREASURY BONDS 05.375% FA 15 MATURITY GVER REF N G0381002 Al UNITED STATES TREASURY BONDS 05.375% FA 15 MATURITY GVER REF # G0391000 Al UNITED STATES TREASURY BONDS 05.375% FA 15 MATURITY GVER REF V 00391003 Al FNMA-30YR(FNMAJOID SE1T,02105 II.005.500% 57220000 BS AS OF 01/11105 TO CM. PREVIOUS SELL FNMA-30YRtFNMA)OID t SEIT.02/05 c6.500% 7000000 BS AS OF 01/18/05 TO CM. PREVIOUS SELL (.Sean $PCmiI e; EAR FINANCa TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCOUVT NUMBER TAXPAYER isiuDOER OR File LAST STATEMENT January 31.2005 Ou.wrir, PRICE DEBIT AMOUNT CHEM AMOUNT -95.853 10,000.000 114.47266 11,447,265.63 ACCR, NT. 258,525,81 -10,000.000 114.54688 ACCR, 11.454,687 .50 258.525,82 10430.000 114.75000 11.475.000.00 ACCR, OJT, 259.986.41 -10.000.000 115.79688 ACCR. INT, 11.579,687 ,50 259.986.41 10,000,000 101.25000 10.125000.00 10.000.000 101,51563 10.151.562,50 02/ 03OI,D5;n:09 001 V872 EFTA00196237 CLEARED THROUGH ITS YAICELY GMB*0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 9 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 02/10/05 01/20/05 BOUGHT 02/10105 02/03105 BOUGHT 02/10105 01/11115 SOLD 02110/05 01/18105 SOLD 02/10.05 01/20/05 CANCEL BUY 02/10,105 02/0345 CANCEL BUY OESCRIPTION FNMA-30YR(FNMA)OM Th 05.500% 7390000 FNMA-30YR(FNMA)OTD s SEIT.02/05 05.50096 7720000 FNMA-8DYR(FNMA)OTD SETT.02$35 1~05.500% 57220000 FNMA-80YR(FNMAATD amist sEr.0.05 (6.500% 7000000 FNMA-30YR(FNMA)610 SETT.02r05 110111.11 505.500% 7390000 AS OF 01/20,105 TO C)3. PREVIOUS BUY FNMA-30YR(FNMA)610 imios SEIT.02/05 05.500% 7720000 BS AS OF 02103/05 TO CM. PREVIOUS BUY I.Sean $PCmiI e; EAR FINANCa TRUST CO INC STATEMENT PEW° Estrum)/ 1.2005 THROUGH February 28.2005 AGLOW! NUMBER TAXPAYER WINER On FIB LAST STATEMENT January 31,2005 SYMBOLCUS, °VANITY Pea DEBIT AMOUNT CROW AMMO BS 10.000.000 101.73017 10,173,046.88 10.000.000 101.80469 10.18D468 .75 BS -10.000.000 101.25000 10.125,000,00 BS -10.000.000 101.51563 10.151.562 ,50 BS -10.000.000 101.72047 1D173.006 ,88 BS -10.000.000 101.80469 1D180.468 ,75 027 OCTOI:05:i 1:09 001 VS72 EFTA00196238 CLEARED THROUGH ITS YAICU.Y oonco SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 10 c! 33 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTOR 02/10105 01/2066 BOUGHT 02/10/05 01/2045 BOUGHT 02/10105 02/03105 CANCEL SELL 02/10105 01/20105 CANCEL BUY 02/10105 01/20.05 CANCEL BUY 02 0 OS 02/03105 SOLD DESCRIPTION FNMA-30YR(FNMNGID SETT:32/0S # 1505.000,:: AS OF 01/20105 7000000 FNMA-30YRIFNMAIGID SET .02105 05.000% 7000000 FNMA-30YR(FNLINGID SETT.02:06 05.000% 7760000 AS OF 02/03105 TO CXL PREVIOUS SELL FNMA-306I(FNMA)GID 591.02.05 06.000% 7000000 AS OF 01/20105 TO CXL PREVIOUS BIN FNMA-30YRIFNMAAID SEIL02)05 101101 506.000% 7000000 AS OF 01/20105 TO CXL PREVIOUS BUY FNMA-306I(FNMA)GID SETT.02105 FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER issASER ON PIM LAST STATEMENT January 31.2005 ST/ADOLCUSP QUANTITY PR9CE DEBIT AMOUNT CFEOIA/lOcter BS 10.000.000 10.000.000 99,65234 99,65234 9.965.234,38 9.965.234,38 BS 10.000.000 99,70313 9,970,312 ,50 BS -10.000.000 99,65234 9.965.234,38 BS -10.000.000 99.65234 9.965.234.38 BS MIK -10.000.000 99,70313 9.970.312.50 05.000% 7760000 BS 027 010105:11:09 001 EFTA00196239 CLEARED IHROuGH ITS yniCLE.Y OMED SUOSIOany BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 11 o Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE -RANSIC11371 02/10/05 1230,04 CANCEL SELL 02/10/05 12/16'04 BOUGHT 02/10.05 01/11105 BOUGHT 02/10.05 02/03/05 CANCEL SELL 02/10.05 12/30.04 SOLD 02/10.05 12/16/04 CANCEL BUY DESORPTION FNMA 30YR OTO SETT, 02105 1.111 506,000 7220000 AS OF 12/30/04 TO CA. PREVIOUS SELL FNMA 30YR OTO SETT. 02,05 7320000 FNMA 30YR GTO SETT, 02'05 06,000% 57210000 FNMA 30YR GTO SETT, 02/05 7740000 AS OF 02/03/05 TO CA. PREVIOUS SELL FNMA 30YR GTO SETT, 0265 011. 506,000% 7220000 FNMA 30YR GTO SETT 02/05 06,000'. 7320000 BS AS OF 12/16104 TO It PREVIOUS BUY FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER WAGER On Pile LAST STATEMENT January 31.2005 SYNEKILCUSP OUNPITV PRICE DEBIT AMOUNT CAEG7 10,000,000 102,98438 10.298.437.50 BS 10.000.000 103,03125 10.303.125.00 BS MIN 20.000.000 103,03125 20,606,250.00 BS 20.000.000 103,23438 20.646.875,00 BS -10.000.000 102,98438 10.298.437 .50 BS -10.000.000 103,03125 10.303.125 .00 027 0001.05:11:09 001 sea72 EFTA00196240 CLEARED THROUGH ITS YAIOU.Y OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 12 0 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTOR 02/10105 01/11105 CANCEL BUY 02/1045 02/03+05 SOLD 02/10.'05 01/31+05 BOUGHT 02/1045 02/0945 BOUGHT 02/11105 02/09.'05 BOUGHT 02/16'05 02/00'05 SOW 02/11105 0=3 ,05 SOLD DESCRIPTION FNMA 30YR GTO SETT. 02105 01/1006.000% 57210000 BS AS OF 01/11105 TO CM. PREVIOUS BUY FNMA 30YR GTO SETT. 02'06 7740000 BS FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 00.001% 57900000 BS TO ADJ PREVIOUS MONTHS FACTOR AS OF 01/31105 UNITED STATES TREASURY BONDS 05.375% FA IS MATURITY GVER REF # G0401000 Al UNITED STATES TREASURY BONDS 05.375% FA 15 . MATURITY GVER REF # G0401030 Al UNITED STATES TREASURY BONDS 05.375% FA 15 . v TO MATURITY GVER REF # G0401005 A3 FEDL HOME LOAN MTG CORP#S02684 SEFUES 218 CL PO 1 111. 111157420000 BS FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 AGLOW! NUMBER TAXPAYER issaMER On PIM LAST STATEMENT January 31.2005 STIADOLCUSP OUNWITY PRICE DEBIT AMOUNT CREW MOUNT -20,000,000 103.03125 20.606,250 .00 -20.000.000 103.23438 20.646.875 ,00 5.063.863 80.75000 4.089.069.53 10.000.000 114.71875 11.471.875.00 ACM, INT. 261.447,01 10.000.000 115.63281 11.563.281 .25 ACCR, OJT, 261.447,01 EMI -10.000.000 115.07813 11,507,812.50 ACCR, INT, 261.447.01 .11,250.106 86.56250 9.738.373.44 027 MOLDS:T1:09 001 V872 EFTA00196241 CLEARED THROuGH ITS wilDtLY CAM,E0 SUBSIDIARY BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 13 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION OESCRIPTION STMEIOLCUSV %MARRY PRICE DEBIT AMOUNT CREDO MORD 02/11/05 02/10/05 BOUGHT UNITED STATES TREASURY NOTE 10.000.000 101,56250 10,158,250.00 laili4.250% MN 15 MATURITY ACM. INT, 103.314,92 GVER REF #130411021 Al 02/11105 02/10/05 SOLD UNITED STATES TREASURY N3TE -5.000.000 101,84375 5,092.187.50 04.250% MN 15 ACCR, INT. 51.657.46 MATURITY GVER REF # G0411011 Al 02/11105 JOURNAL ANNIE MAE CMO/SERIES 2003-13 S RCA-VO FLTR 5.470 DUE 03/25/33 ADJUST POSITION 02/14/05 02/10105 BOUGHT FEDERAL NATIONAL MTG ASSN 5.310.807 83.79688 4,450,290.63 SEFUES 346 CLASS 1 IMIIII57250000 BS ovittis 029 0(05 BOUGHT FEDL HOME LOAN MTG CORP#S10109 9.869,325 23,75000 2,343,964.90 SERIES 227 CLASS 10 ACCR, INT, 17,819.62 ilail05,000% 7360000 BS 02/14105 02/11105 SOLD UNITED STATES TREASURY NNE -10.000.000 99,52734 9.952.734.38 OUE 12/31/2006 03.000% JD 30 ACCR, INT. 37.292.81 SPECIAL INSTRUCTIONS YIELD 3261 % TO MATURITY GVER REF # G0422831 A3 WWEB 02/14/05 02/11105 SOLD UNITED STATES TREASURY N3TE -15.000.000 99,47656 14.921.484 ,38 03.000% JD 30 ACCR, INT. 55.939.22 MATURITY GVER REF # G0421020 Al 021405 JOURNAL FEDL HOME LOAN MTG CORP#502684 SERIES 218 CL PO OUE 02/01/32 I FINANCIAL TRUST CO INC STATEMENT Puma.) February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NUMER On File LAST STATEMENT January 31,2005 021 CGDIDS:l 1:09 001 V872 EFTA00196242 CLEARED THROUGH ITS ?RIMY CAM,E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 14 - Transaction Detail (continued) INVESTMENT ACTIVITY (continue) SETTLEMENT DATE 02/15105 TRADE DATE TRANSACI1DN 12/30/04 BOUGHT OESCRIPTION FNMA-15YR(FNMA-15$1TD limmis 891.02.05 05.500% 7230000 BS 02/15105 12/16/04 CANCEL SELL FNMA-15YR(FNMA-15)GTO tous SEIT.02/05 05.500% 7330000 BS AS OF 12/16/04 TO CM. PREVIOUS SELL 02,1505 12:3004 CANCEL BUY FNMA-I SYR(FNMA-I 5)GTD SETT.02/05 05.500% 7230000 BS AS OF 12/30/04 TO C)3. PREVIOUS BUY SYMBOL:CUSP OVANTITY 11.000.000 PRICE 102.97656 I.Sean $PCmiI e; C0 FINANCa TRUST CO INC STATEMENT PER•oo February 1.2005 THROUGH February 28.2005 ACCOUVT NUMBER TAXPAYER MaER OTl File LAST STATEMENT January 31,2005 DEBIT AMOUNT 11,327.421 .88 GRECO' AAIDUNT 11.000,000 103.10938 11.342.031 .25 -11.000.000 102.97656 11.327,421 ,88 02/15/05 12/16+04 SOLD FNMA-15YR(FNMA. I SIGTO SETT 02/05 05.500% 7330000 BS -11,000.000 103.10938 11.342.031 ,25 02/15+05 02/11105 BOUGHT FEDERAL NATIONAL WO ASSN SERIES 346 CLASS 1 111. 1057150000 BS 02/15/05 02/11105 BOUGHT FEDL HOME LOAN MTG CORPttS10109 SERIES 227 CLASS 10 05.000% 57140000 BS 5.310.807 83.34375 4.426.226.03 9.869.325 ACM, INT, 23.81250 2,350,133.23 19.190.36 02/15105 02/14/05 SOLD UNITED STATES TREASURY BONDS 05.375% FA 15 MATURITY GVER REF tt G0451004 Al -2.000.000 113.91797 2,278,359.38 021 CGDIDS:l 1:09 001 .872 EFTA00196243 CLEARED THROUGH ITS WHOLLY ome0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 15 0 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION DEseg pno‘r SUM:CUSP CRANTITY PRICE DEBIT AMOUNT CREW Nan 02/15105 02/14105 SOLD UNITED STATES TREASURY NOTE .15,000.000 101,22266 15,183,398 .44 04.250% MN Is . 0 MATURITY ACCR, INT, 162,016.57 OVER REF # G0451016 A3 02/15+05 02/14105 BOUGHT UNITED STATES TREASURY NNE 5.000.000 99.57813 4.978.906.25 03.12S% JJ 31 ACCR. 6.474.46 0 MATURITY GVER REF # G0451020 Al 02/15+05 02/14115 BOUGHT UNITED STATES TREASURY NOTE IIIIIII, 20.000.000 99.60156 19.920.312.50 03.12S% JJ 31 0 MATURITY ACCR, 25.897.79 GVER REF # 00461008 Al 02/I &OS 02/14105 BOUGHT UNITED STATES TREASURY NOTE 50.000.000 99.60156 49.800.781 .25 03.125%.1J 31 ACCR, INT. 64.744.48 MATURITY GVER REF # 00451008 BI 02/15105 02/14105 SOLD UNITED STATES TREASURY NOTE IIIIIIII -35.000.000 99.58594 34.85.5,078 .13 03.125% JJ 31 MATURITY ACCR, INT, 45,321 .13 GVER REF # G0451012 Al 02/15105 PRINCIPAL FEDL HOME LOAN MTG ODAPPS02884 35.717.02 SEFUES 218 CL PO DUE 02/01132 F'RIN RID 01-0S PAD 02-1S-OS REPO P 8I 0.0000 02/15105 PRINCIPAL FEDL HOME LOAN MTG CORP#S02684 226.522.48 SERIES 218 CL PO DUE 02/01/32 PAIN RID 01.05 Pin 02-1S-OS REPO P 8I 0.0000 FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER WAGER On Pile LAST STATEMENT January 31.2005 027 OCUOLOSI 1:09 001 Y872 EFTA00196244 CLEARED THROUGH ITS wilDtLY GLARED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 16 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 02/15105 TRADE DATE TRANSACTOR PRINCIPAL DESCRIPTION FEDERAL HOME LOAN MTG CORP SERIES 2483 Q. SL 4.410 DUE 03/15/32 PRINCIPAL REDUCTN 02-1585 02/15405 PRINCIPAL FEDERAL /ME LOAN MTG CORP SERIES 2530 CLASS SE 4.810 DUE 02/15/32 PRINCIPAL REDUCTN 02-1585 MOM CLOW -308,611 Pam FINANCIAL TRUST CO INC STATEMENT PERK* February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NUE93ER On PIM LAST STATEMENT January 31.2005 DEIRT AMOUNT CRECir Anoxia -342.355 0015/05 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI 4.410 DUE IY2+15/32 PRINCIPAL REDUCTN 02-1585 -146,854 02/16105 02/14105 SOLD FEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 CL PO 00.001% 57720000 BS -3.576.277 86.12500 3.080.068.74 0016105 02/15105 BOUGHT UNITED STATES TREASURY BONDS ' 05.375% FA 15 0 MATURITY OVER REF N 60461000 Al 10.000.000 113.59375 ACM INT. 11.359.375 .00 1.484.81 02,1685 0221505 SLID UNITED STATES TREASURY BONDS 05.375% FA 15 . 0 0 MATURITY OVER REF # 60461014 Al -10.000.000 113.80078 ACCR, INT. 11.380.078 .13 1.484.80 02/16105 02/15405 BOUGHT UNITED STATES TREASURY NOTE 04.250% MN 15 0 MATURITY GVER REF N G0461008 A3 3.000.000 101.19922 ACM INT. 3.035.976.56 32.755.53 02/17+05 02/14+05 SOW FEDERAL HUE LOAN MIG CORP SERIES 2483 CL SL 04.410% 56240000 BS AS OF 02.E 14x05 -1.682.201 7,15625 ACCR, INT. 120.382.57 412.14 027 0101G5:11:09 001 van EFTA00196245 CLEARED THROUGH ITS WHOLLY omen SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 17 r! Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION DESCRIPTION STIADOECUSP GUMMY PRICE DENT AMOUNT own PAIDUN1 02/17105 02/14105 SOLD FEDERAL HOME LOAN MTO CORP -10,944,806 7.15625 783,237,68 SERIES 2483 Q. SL 04,410% ACCR, INT. 2.681,48 56230000 BS AS OF 02/14105 02/17105 02/14105 SOLD FEDERAL HOME LOAN MTO CORP -10.944.807 9.40625 T.029.495,91 SERIES 2488 CLASS SO ACCR, INT. 3.289.52 05.520% 57330000 BS 02/17105 02/14105 SOW FEDERAL HONE LOAN MTG CORP INN -2.447.844 8.00000 95.827.54 SERIES 2530 CLASS SE 04,810% ACCR, INT, 654,12 56220000 BS AS OF 02/14105 02/17105 02/14105 SOLD FEDERAL HOME LOAN WG CORP NMI -12.239.221 8.00000 979.137,72 SERIES 2530 CLASS SE 04,810% 56210000 BS ACCR, INT, 3270,59 AS OF 0211405 02, T7,05 405 SOLD FEDERAL IONE LOAN MTO CORP -6.300.059 7.15625 490.847,99 SERIES 2526 CLASS SI 04,520% ACCR, INT, 1.543,52 57310000 BS 02/17105 JOURNAL FEDL HOME LOAN WC CORPHS10i09 SERIES 227 CLASS 10 5,000 DUE 12/01/34 02/16.05 02/17105 SOW UNITED STATES TREASURY BONDS -2.000.000 112,18359 2.243.671.88 05,375% FA 15 . MATURITY ACCR, INT, 890.88 OVER REF it 00481004 Al FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER MAGER On Pile LAST STATEMENT January 31.2005 027 03,01:05:11:09 001 .872 EFTA00196246 CLEARED THROUGH ITS YAIOU.Y ome0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 18 0 0, Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION DEseg prioN SYMEIGGLISP 07ANTID Fma DEW AMOUNT CREW AMOUNT 02/18105 02/17105 SOLD UNITED STATES TREASURY MOTE .10,000.000 100.48438 10.048,437,50 04.260% MN IS ACCR. INT. 111,533.15 . 0 MATURITY GVER REF # 00481014 Al 02/18105 02/17105 SOW UNITED STATES TREASURY NOTE -35.000.000 100.48614 35.170,147 ,95 04.250% MN IS 0 MATURITY ACCR, INT, 390.366,02 GVER REF P G0481028 Al 02/18/05 02/17105 BOUGHT UNITED STATES TREASURY NOTE MIS 35.000.000 98.56250 34.496.875.00 04.000% FA 15 ACCR. 11,602.21 MATURITY GVER REF # 00481022 Al 02/18105 02/17105 SOW UNITED STATES TREASURY NOTE AIM -5.000.000 98.51563 4.925.781.25 JJS 4. 0u 04.000% FA 15 MATURITY ACCR. INT, 1.657.46 GVER REF # G0481033 Al 02/22/05 02/18105 SOLD UNITED STATES TREASURY BONDS -3.000.000 111.11328 3.333.398.44 05.375% FA 15 . 0 MATURITY ACCR, INT, 3.118.09 GVER REF # 00491015 Al 02/22/05 02/18.'05 SOW UNITED STATES TREASURY NOTE -10,000.000 99.26563 9.926.562.50 03.000% JD 30 . 0 MATURITY ACCR, INT, 43.922.65 GVER REF # G0491014 Al 02/23/05 02/22/05 BOUGHT UNITED STATES TREASURY NOTE 7.000,000 99.42969 6.960.078.13 03.125% N 31 ACCR, INT. 13.898A8 0 MATURITY GVER RE? Is 00531007 Al FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER MAGER On Pile LAST STATEMENT January 31.2005 027 OCTOLOSI 1:09 001 Y872 EFTA00196247 CLEARED THROUGH ITS yasEtLY OUTGO SOSIDany BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 19 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION DESORPTION STMEICILEUSP OVANTITY Pma DEBIT AMOUNT CREW Nap 4T 02/24105 02/23/05 SOLD UNITED STATES TREASURY NOTE -5.000.000 99.26172 4.963.085.94 03.000% JD MATURITY 30 ACCR, INT, 22.790.05 GVER REF # 605/1021 Al 02/24105 02/23/05 BOUGHT UNITED STATES TREASURY NOTE 5.000.000 98.18359 4.909.179.69 04.000% FA 15 ACCR. INT. 4.972.37 MATURITY GVER REF # G0541017 Al 02/24/05 02/23/05 SOW UNITED STATES TREASURY NOTE EMI -5.000.000 97.98438 4.899.218.75 04.000% FA MATURITY 15 ACCR, INT, 4.972.38 GVER REF # G0541032 Al 02/25105 PRINCIPAL FEDERAL NOTIONAL MTG ASSN 95.853.00 STRIP MTG SERIES 322 CL PO 0401 DUE 03/01/32 PRINCIPAL PAYMENT 02-25-05 02/25/05 PRINCIPAL FEDERAL NOTIONAL MTG ASSN MIS 184.177.56 SERIES 329 CLASS PO DUE 01/01/33 STRIP PAIN RID 01.05 Pit) 02-25-05 REPO P 8I 0.0000 02/25105 PRINCIPAL FEDERAL NOTIONAL MTG ASSN 219.679.75 SERIES 329 CLASS PO DUE 01/01/33 STRIP PAIN RID 01-05 PAD 02-25-05 REPO P 8I 0.0000 02/25105 PRINCIPAL FEDERAL NOTIONAL MTG ASSN 263.615.70 SERIES 329 CLASS PO DUE 01/01/33 STRIP PAIN RID 01-05 PA:102-25-05 REPO P 8I 0.0000 I. SIean $PCmitkf EAR FINANCa TRUST CO INC STATEMENT PERGO February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER MAGER On File LAST STATEMENT January 31.2005 02/ 0101005:11:09 001 .872 EFTA00196248 CLEARED THROUGH ITS MOW, (AM,ED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 20 c? Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 0025/05 TRADE DATE TRANSACTOR PRINCIPAL DESCRIPTION FEDERAL NATIONAL MTO ASSN SERIES 2003-49 CLASS SW 4,470 DUE 01/25/33 PRINCIPAL REDUCTN 02-25-05 02/28105 JOURNAL FEDERAL NATIONAL MTO ASSN SERIES 346 CLASS 1 DUE 11/01/33 Gummy -222,841 PRICE /.Sean $PCmiI e; EAR FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NUUSER On PIM LAST STATEMENT January 31.2005 DEW AMOUNT CHEM MONO -1 TOTAL $-403,120.067.73 8452,722,308.78 INTEREST DATE OESCRPTION SYMEICIJCUSIP OVPAMTY RATE I% DENT AMOUNT MEDI AMOUNT 02/01105 AVG BAL 584.550 RT 1503 756.50 021 OFFICE INTEREST 0105 02/15105 FEDERAL HOME LOAN MTO CORP 4.4100 48.724,16 SERES 2483 CL SL DUE 03/15/2032 4,410 INTEREST PAYMENT 02-15-05 02/15/05 FEDERAL HOME LOAN MTO CORP 5,4100 51.576,60 SERES 2488 CLASS SO DUE 03/15/2032 5,410 INT RID 01-05 PA) 02-15-05 REPO P 8I 5,5200 0015105 FEDERAL NOME LOAN MTO CORP 4,8100 61.620,62 SERES 2530 CLASS SE DUE 02/15/2032 4,810 INTEREST PAYMENT 02-15-05 02/15/05 FEDERAL 109ME LOAN MTO CORP 4,4100 24.283,37 SERES 2526 CLASS SI DUE 02/15/2032 4,410 INTEREST PAYMENT 02-15-05 027 03,01G5:11:09 001 .872 EFTA00196249 CLEARED IHRCUGH ITS wisCtLY CAM,E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 21 Transaction Detail (continued) INTEREST (continued) FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER MASSER On PIM LAST STATEMENT January 31.2005 DATE OESCRenON STIABOLCuSiP cc$NTIW RATE lid DEBIT AMOUNT CREW AMOUNT 02/1&05 UNITED STATES TREASURY BONDS 5.3750 268,750.00 DUE 02115/2031 5.375 INT RID 02-05 ND 02-15-05 02/22/05 GOVERNMENT NATIONAL WO ASSN 4.4500 15,845.33 SERES 2004-5 CLASS PS DUE 02/20/2033 4.450 INT RID 01.05 PA) 02-20-05 REPO P S I 4.4500 02/22/05 GOVERNMENT NATIONAL WO ASSN 4.4500 81,954.17 SERES 2004-5 CUSS PS DUE 02/20/2033 4.450 INT RID 01-05 PA) 02-20-05 REPO P S I 4.4500 02/23/05 GOVERNMENT NATIONAL MTO ASSN 4,4500 65.266,67 SERES 2004-5 CLASS PS DUE 02/20/2033 4.450 RITA CA INT FOR 2/20/2005 PD 02/25/05 FANNIE MAE CMO/SERIES 2003.13 6.4700 124.771.86 S RCA-40 RTR DUE 03/25/2033 5.470 INT RID 01-05 ND 02-25-05 REPO P d I 5.4700 02/25/05 FEDERAL NATIONAL WO ASSN 4.4700 51.372.14 SERES 2003-49 CLASS SW DUE 01/25/2033 4.470 INTEREST PAYMENT 02-25-05 02/25/05 FEDERAL NATIONAL MTO ASSN 5.0000 120.60640 SERES 353 CLASS 2 DUE 07/01/2034 5.000 INT RID 01-05 PA) 02-25-05 REPO P & I 5.0000 027 0101GS:11:09 001 van EFTA00196250 CLEARED THROUGH ITS WHOLLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 22 0 Transaction Detail (continued) INTEREST (continued) DATE DESCRIPTION 02/25105 FEDERAL NATIONAL MTO ASSN SERES 353 CLASS 2 DUE 07/01/2034 5.000 INT ND 01-05 PM 02-25-05 REPO P 8I 5.0000 TOTAL 51,058,398.85 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stearns& Co. Inc. SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION SVMBCLCUSIP 0.:ANT1T1 DEBIT AMOUNT CREDIT M.IOUNT 02/01105 RECEIVED UNITED STATES TREASURY NOTE 15.000.000 15.000.000.00 DUE 01/31/2007 3.125 3,125 7 FITM Al RESALE 02404/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN 17.600.000 SERIES 2004-5 CLASS PS 4,4 FITM50 3.11 312 TERM MENT 02/04105 JOURNAL GOVERNMENT NATIONAL MM ASSN -17.600.000 SERIES 2004-5 CLASS PS 4,450 DU FITMARGN Al REPO AGR 0204x05 RECEIVED UNITED STATES TREASURY NOTE 25.030.000 25.000.000.00 DUE 011312007 3.125 3 125 7 FITM Al RES ALE 0207/05 JOURNAL FEDERAL HOME LOAN MTO CORP NEM Ilk 304 SERIES 2488 CLASS SO SY/ABOLCUS,P FINANCIAL TRUST CO INC STATEMENT PERK* February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER WESER NAM LAST STATEMENT January 31.2005 MAMMY RATE IF! DEBIT AMOUNT CREDIT AMOUNT 5.0000 140,707.93 5,520 2 FITM Al REPO A 027 OCUOTOS:l 1:09 001 EFTA00196251 CLEARED THROUGH ITS YAIOU.Y OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 23 0 H, Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACDON DESCRSMON 02/07/06 JOURNAL FEDERAL HOME LOAN MTG CORP SERIES 2488 CLASS SO 58203.7 RIM ‘ A2 TERM ENT 02407/05 JOURNAL FANNIE MAE CMOSERIES 2003.13 S RCR-I/0 FLTR 8470 FITM Al REPO A 02/07105 JOURNAL DIVED STATES TREASURY NOTE ATM Am A2 4.250 , 14 TERM REPO AGREEMENT 02/07/05 JOURNAL UNITED TATES TREASURY NOTE ATM Al 4.250 14 REPO AGREEMENT SYMeadttRIP WARM DEBIT AMOUNT 11..,304 849.000.00 FINANCIAL TRUST CO INC STATEMENT PER•00 February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NumeER On He LAST STATEMENT January 31.2005 CREDIT AMOUNT -27.372.255 31.000.000 31.465.000.00 -52.000.000 53.1 05.000.00 02/07/05 RECEIVED UNITED STATES TREASURY NOTE 160.000.000 160.000.000.00 DUE 12/31/2006 3.000 8000 FITM 1.111 RESALE 02'07/05 DELIVERED UNITED STATES TREASURY NOTE DUE 12/31/2006 3.000 8000 FITM RW2 m TERM ENT -176.000.000 176.220.000.00 02/07/05 JOURNAL UNITED SURY NOTE FITM A2 8625 10 TERM REPO AGREEMENT 20.000.000 19.925.000 .00 02/07105 RECEIVED UNITED STATES TREASURY NOTE DUE 01/31/2007 3.125 3,125 I lk FITM M B RESALE T 5.000.000 4.999.999 89 027 COVIDS:l 1:09 001 .872 EFTA00196252 CLEARED THROUGH ITS MIDIS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 24 ci )) Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TIMISACRON DESORPTION STMEICCCUSIP OWArrny OMIT AMOUNT CREDIT AMOUNT 02/07/05 DELIVERED UNITED STATES TREASURY NOTE -15,000,000 15.000.000.00 DUE 01/31/2007 3.125 FITM A2 3.125R E7DA TERM ENT 02/07105 DEUVERED UNITED STATES TREASURY NOTE -25,000.000 25.000.00003 DUE 0191/2007 3.125 FITM A2 3.125Rillf7 TERM EIAENT 02/07105 RECEIVED UMW STATES TREASURY NOTE 50.000.000 49.999.999.99 DUE 0191/2007 3.125 3.125 CIMK7 FITM A1A RESALE T 02/07105 INTEREST FEDERAL HOME LOAN MTO CORP Milli 657.97 SERIES 2488 CLASS SO DUE 03:11. 6.520 ATM 102 REPO I 02/07105 INTEREST UNITED STATES TREASURY NOTE MIN 12.192,69 DUE 11J 4250 FRM A2 REPO I 02/07105 INTEREST UNITED STATES TREASURY NOTE 64,271,35 DUE ISO 1.000 111 02/07/05 INTEREST UNITED STATES TREASURY NOTE 7.372.25 DUE ON. 3.625 ATM A2 REPO I 02/07/05 INTEREST WEED STATES TREASURY NOTE DUE cote 1,125 3,229.17 FINANCIAL TRUST CO INC STATEMENT PERK* February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NUMBER On PIM LAST STATEMENT January 31.2005 027 MOLDS:T1:09 001 '.872 EFTA00196253 CLEARED THROUGH ITS IMPLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 25 0 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEMEMDE TRADE DATE DATE TRANSACTION DESERPRON SYMeCtoCUSIP OULMITY DEBIT AMOUNT CREDIT AMOUNT 02/07/05 INTEREST UNTIED STATES TREASURY NOTE 4,604.17 DUE 01/=.00.7_"II _3.125 NM 02/09105 JOURNAL GOVERNMENT NATIONAL NM ASSN -4.300.000 SERIES 2004.5 CLASS PS 4,450 FITM AI REPO A 02/09105 JOURNAL GOVERNMENT NATIONAL NIG ASSN MEM 4.300.000 500,000,00 SERIES 2004-5 CLASS PS 4,450 • FITM A2 TERM AAENT 02/09105 INTEREST GOVERNMENT NATIONAL NM ASSN MIN 465.00 SERIES 2004-5 CLASS PS DUE 4,450 ATM A2 REPO I 02/10105 JOURNAL FEDERAL NATIONAL MIG ASSN 111111 11,214.184 8,409.000 .00 SERIES 329 CLASS PO DUE 01101/33 STRIP TE RRA RM RIIIIM AZENT 0210,05 JOURNAL FEDERAL NATIONAL MTO ASSN -11,214.184 8.514.003.00 SERIES 329 CLASS PO DUE 01101/33 STRIP ATM Al REPO AMIE. 02 10:05 JOURNAL FEDERAL NATIONAL MTO ASSN -5.063.863 3.784.000 00 SERIES 352 CLASS 1 FINANCIAL TRUST CO INC STATEMENT RER•00 February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NUMBER OR PIM LAST STATEMENT January 31.2005 0,001 RIM AT REPO A 027 03,0L05:11:09 001 VE172 EFTA00196254 CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 26 0 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) FINANCIAL TRUST CO INC STATEMENT Puce February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NumeEn ON FIk LAST STATEMENT January 31.2005 SETTLEMENT TRADE DATE DATE TRANSACTION DESCnincti SymeCtictive OVAARITT Oen ;wow CREDIT AMOUNT 02.110/05 JOURNAL UNITED STATES TREASURY BONDS ATM ligit Al -10.000000 11.762.500.00 5.375 REPO AGREEMENT 02/10/06 INTEREST FEDERAL NATIONAL MTG ASSN SIM 6.046.90 SERIES 329 CLASS PO STRIP DUE Ojai. 0.000 FITM A2 REPO I 02/11,05 JOURNAL UNITED STATES TREASURY NOTE IMO 52.000.000 53.105.000.00 ATM Hui A2 0.250 , 14 TERM REPO AGREEMENT 02/11106 JOURNAL UNITED TATES TREASURY NOTE SIM -57.000.000 58.140.000 .00 FITM Al 0.260 10 REPO AGREEMENT 02/11105 JOURNAL FEDL HOME LOAN MTG CORPNS02680 1.532.264 1,199,000.00 SERIES 218 CL PO DUE 0 ATM 30,A2 TERM ENT 02/11105 JOURNAL FEDL HOME LOAN MTG OCAPNS02684 9.717,841 7.600.000.00 SERIES 218 CI. PO DUE 0 FITM 3011 0 A2 TERM ENT 02/11/05 INTEREST UNITED STATES TREASURY NOTE 11.181.66 DUE Ile 4.250 FITM A2 REPO I 02/11/06 INTEREST FEDL HOME LOAN 14113 OCAPNS02680 I .300.92 SERIES 218 CI. PO DUE 0 0.000 ATM A2 REPO I 027 030IDS:l 1:09 001 V872 EFTA00196255 CLEARED THRouGH ITS yniCtLY OmE0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 27 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMETO TRADE DATE DATE TRANSACTION DESORPTION 02/11105 INTEREST FEDL NOME LOAN MTG OCAPPS02684 SERIES 218 CL PO DUE 07 . 0.000 ATM A2 REPO I 02/14105 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE 'Ti lt,. ATM Al REPO 02/14105 JOURNAL FEDL NNE LOAN MI6 OORPteS10109 SERIES 227 CLASS ID 5.000 1.r4 FITM Al REPO A 02/I 4105 DELIVERED UNITED STATES TREASURY NOTE DUE 12/31/2006 3.000 3.000 FITM MirA2 TERM EMENT 02/I 4105 RECEIVED UNITED STATES TREASURY NOTE DUE 12/31/2006 3.000 3.000 FITM AI RESALE T 02/14,05 INTEREST UNITED STATES TREASURY NOTE DUE 12/3=13ry 3.1:100 Mir 02/15105 JOURNAL FEDERAL HOME LOAN MTG CORP SERIES 2488 CLASS SO 5.410)00132 FITM A2 TERM MENT FINANCIAL TRUST CO INC STATEMENT PERK* February 1.2005 THROUGH February 28.2005 AccouNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT January 31.2005 STMEKCCUSIP GUMMY OMIT AMOUNT CREDIT AMOUNT -5.310.807 13.110.00 3.963.000.00 NM. -9.869.325 2.156.000.00 NMI -160.000.000 160.000.000.00 185.000.000 185.000.000.00 67,066,67 10,944.807 027 010L05:11:09 001 van EFTA00196256 CLEARED THROUGH ITS YAIOU.Y 0015E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 28 cl 33 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSAMON DESORPTION 02/15105 JOURNAL FEDERAL HOME LOAN MTO CORP SERIES 2488 CLASS SO 5.410 / HIM Al REPO 02/I 5105 JOURNAL FEDERAL NATIONAL MTO ASSN SERIES 346 CLASS DUE 11Aiii r FITM Al REPO 02/16'05 JOURNAL FEDL HOME LOAN MIG CORIANSIOi09 SERIES 227 CLASS 10 5.000 11.4 FIRM Al REPO A 0215105 JOURNAL 104TE0 STATES TREASURY BONDS FIRM Al 5.375 REPO AGREEMENT 02/15105 JOURNAL LINTER ATE TREASURY 80NDS FIRM A2 5.375 1 TERM REPO AGREEMENT SYklifiCtiCtdie FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT January 31.2005 °Herrin DEBIT AMOUNT CREDIT AMOUNT -10,944807 310000.00 -5.310.807 3.972.000 .00 -9.869.325 2.125.000.00 -8.000.000 9.087.000.00 10.000.000 11.762.500 AO 02/15105 JOURNAL UNITED TATES 1 SURY NOTE FIRM Al 4.250 14 REPO AGREEMENT -42.000.000 42.840.000.00 02/15105 JOURNAL LIMTEO SIAJESJREASURY NOTE FITM 42 4.250 14 TERM REPO AGREEMENT 57,000.000 58.140.003.03 02/15105 DELIVERED LINiTE0 STATES TREASURY NOTE DUE 01/31/2007 3.125 3.125.. 7 FIRM A2B TERM EEMENT -5.000.000 4.999.999 .99 027 0201,05:11:09 001 V872 EFTA00196257 CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 29 0 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION SYMOCloCUSIP PANTRY DEBIT AMOUNT CREDIT AMOUNT 02/15105 RECEIVED UNITED STATES TREASURY NOTE 15.000.000 15.075.000 .00 DUE 01131/2007 3.125 3,125 FITM FITM A3 RERSi F T 02115+05 DEUVERED UNITED STATES TREASURY NOTE -50.000.000 49.999.999.99 DUE 01131/2007 3.125 FITM A2A 3.125soi r TERM EMENT 02/15/05 INTEREST UNITED STATES TREASURY BONDS 3.777.07 DUE OZila 5.375 FITM A2 REPO I 02/15105 INTEREST UNITED STATES TREASURY NOTE 1111111 13,436,80 DUE 4250 FITM A2 REPO I 02/15/05 INTEREST UNTIED STATES TREASURY NOTE 1,569.44 DUE 01! 3.125 FITM A26 RESALE 02/15/05 INTEREST UNTIED STATES TREASURY NOTE 15,694,44 DUE Ole 3.125 FITM A2A RESALE 02/16/05 JOURNAL FEDERAL HOME LOAN MTO CORP 10.944.807 310,000,00 SERIES 2488 CLASS SO 5,410 FITM 30.2 TERM ENT 02/16!05 JOURNAL FEDERAL HOME LOAN MTO CORP -10.944.807 310,000,00 SERIES 2488 CLASS SO FINANCIAL TRUST CO INC STATEMENT PERK* February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NumeER OR He LAST STATEMENT January 31.2005 5.410 FITM 31.3 TERM ENT 027 03,0IDS:l 1:09 001 V872 EFTA00196258 CLEARED THROUGH ITS MOST ORBED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 30 0 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEMENENT TRADE DATE DATE TRANSACDON DESORPTION SYMEICAGUSIP OUNNTITT DEBIT AMOUNT CREDIT AMOUNT 02/16(05 JOURNAL GOVERNMENT NATIONAL MTO ASSN 22.100.000 2.601.000.00 SERIES 2004-5 CLASS PS 4.450 FILM Fi lmes TERM ENT 02/16/05 JOURNAL GOVERNMENT NATIONAL MTO ASSN -22.100.000 2.601.000.00 SERIES 2004-5 CLASS PS 4.450 EOM 31.16 TERM ENT 02/16'05 JOURNAL FEDL HOME LOAN MTG CCAPeS10i09 MIK -13.817.056 SERIES 227 CLASS FSITM MNAWAI REPO 02/1695 JOURNAL FEDL NOME LOAN MTO CORP#S10109 -5.921.595 1.285.000.00 SERIES 227 CLASS 10 FSITM XIN laAI REPO 02/1695 JOURNAL FEDL NOME LOAN MTG CORPoSi wog MIK 9.869.325 2,125,000.00 SERIES 227 CLASS 10 FS.000 ITM F rA2 TERM MENT 02/16.05 JOURNAL FEDL NOME LOAN MI6 OCAPeS10109 9.869,325 2,156,000.00 SERIES 227 CLASS 10 FSITM MNR rA2 TERM MENT 02/16435 JOURNAL MATEO STATES TREASURY NOTE ATM A2 MIK 42.000.000 42.840.000.00 4.250 14 (rip TERM REPO AGREEMENT 02/16/05 JOURNAL LIMTE0 TALES TREASURY NOTE INK -45.000.000 45.900.000 .00 FILM Al FINANCIAL TRUST CO INC STATEMENT PERK* February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NUMBER On Pile LAST STATEMENT January 31.2005 4.250 14 REPO AGREEMENT 027 0101:05:11:09 001 van EFTA00196259 CLEARED THROUGH ITS WHOLLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 31 cl )) Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEMEMENT TRADE DATE DATE TRANSACDON DESORPTION SYMEMICUSIP DUAARITY DEBIT AMOUNT CREDIT AMOUNT 02/16/05 INTEREST FEDERAL HOME LOAN MTO CORP SERIES 2488 CLASS SO DUE 03! 5,410 FITM 012 24.03 REPO I 02/16(06 INTEREST FEDERAL HOME LOAN MTO CORP 24.03 SERIES 2488 CLASS SO DUE 03! 6.410 FIN A3 REPO I 02/16)05 INTEREST GOVERNMENT NATIONAL KIM ASSN EMI 7.025.69 SERIES 2004-S CLASS PS DUE 02:1101 4.460 FIN AS REPO I 02/16)05 INTEREST GOVERNMENT NATIONAL MI13 ASSN 7.025.69 SERIES 2004-S CLASS PS DUE 02/1101 4.450 FITM A6 REPO I 02/16)05 INTEREST FEDL HOME LOAN MTG CORPFES10t09 164.69 SERIES 227 CLASS 10 DUE I 6.000 FIN A2 all REPO I 02/16)0S INTEREST FEDL HOME LOAN MTG CORN/Mine MIS 334.18 SERIES 227 CLASS 10 DUE I 5.000 FITM A2 I REPO wo 02/16435 INTEREST UNITED STATES TREASURY NOTE SIM 261.80 FINANCIAL TRUST CO INC STATEMENT PER•00 February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NUMBER ON FIk LAST STATEMENT January 31.2005 DUE I 1;40 4.260 FITM A2 REPO I 027 0101G5:11:09 001 van EFTA00196260 CLEARED THROUGH ITS YAICU.Y OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 32 0 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEnLEmENT Ma DATE DATE TRANSACTION DESCRPRON ME/MCl/SIP "m DEBIT AMOUNT CREDIT AMOUNT 02/17/05 JOURNAL FEDL HOME LOAN MTG CORP8S10109 -5.921,595 I1Y SERIES 227 CLASS 10 FSITM MNAllirAl REPO 02/17105 JOURNAL FEDL HOME LOAN MTG CORP8S10109 5.921,595 1.285.000.00 SERIES 227 CLASS 0 5.000 FITM Fitle2 TERM ENT 02/17105 JOURNAL FEDERAL HOME LOAN MTO CORP 10,944.807 310,000.00 SERIES 2488 CLASS SO 5.410 2 FITM A4 TERM ENT 02/17+05 INTEREST FEDL HOME LOAN MTG OCAPPS10109 NMI 99.59 SERIES 227 CLASS 10 DUE IWO 5.000 ATM A2 REPO I 02/17,05 INTEREST FEDERAL HOME LOAN MTO CORP 48.05 SERIES 2488 CLASS SO DUE 031ll 5.410 RIM A4 REPO I 02/18105 JOURNAL UNITED STATES TREASURY BONDS ATM jimAl -6.000.000 6,712,500.00 5.375 1 REPO AGREEMENT 02/18105 JOURNAL LIMTED TATS I SURY BONDS 8.000,000 9,087,000.00 ATM A2 5.375 1 TERM REPO AGREEMENT 02 18 05 JOURNAL UNITED SWAY NOTE 45,000.000 45.900.000.00 ATM A2 FINANCIAL TRUST CO INC STATEMENT PEF000 February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NUMBER OR He LAST STATEMENT January 31.2005 4.250 14 TERM REPO AGREEMENT 027 03,01,05:1 1:09 001 V872 EFTA00196261 CLEARED THROUGH ITS MIMI? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 33 ci ). Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) scnumeil Tux DAN DATE TV0C3ACSON DESORPTION SYMEICESCUSIP OIJANTIlY OMIT ;wow CREDIT AMOUNT 02/18/05 JOURNAL MTN) STATES TREASURY NOTE -30.000.000 29.475.000 AO FITM Hip Al 4.000 15 REPO AGREEMENT 02/18/05 INTEREST UNiTE0 STATES TREASURY BONDS 1.807.30 DUE ODA, 5.375 FITM A2 REPO I 02/18/05 INTEREST utaTE0 STATES TREASURY NOTE 3.060.00 DUE 11/111 4.250 FITM A2 REPO I 02/22/05 JOURNAL DICED ASURY BONDS mu Al -3.000.000 3,322.500 .00 5.375 31 REPO AGREEMENT 02/22/05 JOURNAL UMTE0 ASuRY ECK'S 6.000.000 6,712,500.00 FITM A2 5.375 31 TERM REPO AGREEMENT 02/22/05 DELIVERED UNITED STATES TREASURY NOTE -185.000.000 185.000.000.00 DUE 12/31/2006 3.000 3.000 FISH Rililarr ENT TERM m 02/22/05 RECEIVED UNITED STATES TREASURY NOTE EMI 195.000.000 194.756.250.00 DUE 12/31/2006 MOO 3.000 WIC6 FITM Al RESALE T 02/22/05 INTEREST OWED STATES TREASURY BONDS 1.790.00 FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT January 31.2005 DUE 02/ 5.375 DUMB A5 REPO I 027 03,01G5:11:09 001 Y872 EFTA00196262 CLEARED THROUGH ITS ValCtLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 34 O Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEGLEMENT DATE 02/22/05 TRADE DATE TRANSACTION INTEREST DESERTION UMTEO STATES TREASURY NOTE DUE 12/31200E_ III. ._3.000 IS 02/23/05 RECEIVED LIMTEO STATES TREASURY NOTE DUE 01/31:2007 3.125 3.125 1.1)7 FILM Al RESALE T 02/23/05 DELIVERED LINTS) STATES TREASURY NOTE DUE 01/31/2007 3.125 3.1251.1r Em FILM A4 TERM ENT 02/23105 INTEREST UNITED STATES TREASURY NOTE DUE 01/S 3.125 FILM A4 RESALE SYMEIELGUSIP OUNGITY 003n ;wow FINANCIAL TRUST CO INC STATEMENT PERIOD PEtruilly 1.2006 THROUGH FeoluNy 28.2005 ACCOUNT NUMBER TAXPAYER NUMBER On Pile LAST STATEMENT January 31.2005 CREDIT AMOUNT 84.740,28 8.000.000 7,990,000.00 -15.000.000 16.075.000 .00 3.400.25 02/24/05 DELIVERED UNITED STATES TREASURY NOTE DUE 12/31/2006 3.000 3.000 FILM RIMIC2 m TERM ENT -195,000,000 194.758.250.00 02/24105 RECEIVED UNITED STATES TREASURY NOTE DUE 12/31/2006 3.000 3.000 FILM elkittl RESALE 200,000,000 200.000.000.00 02/24105 INTEREST LIMITED STATES TREASURY NOTE DUE ISO 1.000 23,370.75 02/25/05 JOURNAL FEDERAL NATIONAL MI6 ASSN SERIES 346 CLASS 1 DUE 1110. FILM Al REPO -3.929.997 027 0201005:11:09 001 Y1172 EFTA00196263 CLEARED THROUGH ITS YiDIMLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 35 0 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE DIANSACRON DESCRFRON RIME/MCl/SIP CUANTITY DEBIT AMOUNT CREDIT AMOUNT 02/2905 JOURNAL FEDERAL NATIONAL KIM ASSN -1.380.809 1.000.000.00 SERIES 346 CLASS 1 DUE 11 ATM Al REPO 02/25/05 JOURNAL FEDERAL NATIONAL MTO ASSN 5.310807 3.963.000.00 SERIES 346 CLASS 1 ATM A2 DUE I TRIS TERM MENT 02/25105 INTEREST FEDERAL NATIONAL MI6 ASSN 3136FCBC9 3.378.46 SERIES 346 CLASS 1 DUE I Jill MOO ATM A2 REPO I 02/28105 JOURNAL FEDERAL NATIONAL KIM ASSN NMI 3.929,997 SERIES 346 CLASS 1 ATM A2 DUE I Ja i TERM MENT 02/28105 JOURNAL FEDERAL NATIONAL MM ASSN -3239.592 SERIES 346 CLASS 1 DUE 11 NM Al REPO A 02/28/05 JOURNAL FEDERAL NATIONAL KIM ASSN -690.404 500 000.00 SERIES 346 CLASS 1 DUE 11 NM Al REPO 02/28105 JOURNAL FEDERAL NATIONAL MTO ASSN -13,375,837 9.696.000.00 SERIES 329 CLASS PO DUE 01101/33 STRIP FINANCIAL TRUST CO INC STATEMENT PERK* February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT January 31.2005 ATM Al REPO 027 03,0L05:11:09 001 VE172 EFTA00196264 CLEARED THROUGH ITS ValCtLY EMBED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 36 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NUMBER On Pile LAST STATEMENT January 31.2005 SEMEMENT TRADE DATE DATE TFMNSACRON DESCRPRON SYMBCOJCUSIP "m DEBIT AMOUNT CREDIT AMOUNT 02/28/05 JOURNAL FEDERAL NATIONAL WO ASSN 13.375,837 11Y 10.014,000 .00 SERIES 329 CLASS PO DUE 01101/33 STRIP TE RRA RM RIIIIIM AZENT 02/28/05 INTEREST FEDERAL NATIONAL MTO ASSN 3136FAWE6 24 058,64 SERIES 329 CLASS PO STRIP DUE Mill 0,000 FITM A2 REPO I TOTAL S-1.178.191243.46 91.126.885.746.12 MISCELLANEOUS DATE ma OAT TROMSACTESAI 02/09105 JOURNAL DESCRIPTION 04 TREASURY REBATE ARM DENT AMOUNT CREPT NACLA1 30.973,04 02/09105 JOURNAL FNAAA-30YR(FNAAMOTO SETL02/05 5500 DUE 02101/35 ABS NET 02/09/05 76.953,13 02/10/05 JOURNAL FNMA-30YR(FNMA)OTO 5.078,12 SETL02/05 5,000 DUE 02101/34 MBS NET 02/10/05 02/10,05 JOURNAL FNMA 30YR GM 35.937.50 SETT, 02/05 6,000 DUE 02101/35 MBS NET 02/10/05 02/14/05 JOURNAL JAN OS SPEC CLEARING FEES 2.300.00 027 OCTOLOST 1:09 001 Yen EFTA00196265 CLEARED THROUGH ITS WHOU.Y onneo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 37 0 Transaction Detail (continued) MISCELLANEOUS (continued) DATE MOAT TITMISACTOI DESCRIPTION DEBIT AMCW41 MAT AAIDUNT 02/15105 JOURNAL FNMA SYR(FNMA-I 5)07D 14,609.37 SETT.02/05 5.500 DUE 02101/20 TABS NET 02/15/05 TOTAL 4-79.253.13 $86.544.43 Trades Executed Pending Settlement FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCCUNT NUMBER TAXPAYER AMBER On PIM LAST STATEMENT January 31.2005 SETTLEMENT DATE TRADE DATE "RAUSACTKIN CESCP pi3O% SYMBOLCUSP WWII" PIECE DENT AMOUNT CREDO AMOUNT 03101/05 02/28/05 SOLD UNITED STATES TREASURY BONDS -3.000.000,00 109,7226 3,297.915,88 05.375% FA 15 MA RITY OVER REF # G659%0711 03/1 4/05 02/0995 BOUGHT FNMA 30YR. GTD 20.000.000.00 101.8242 20.364.843.75 SETT, 03,05 F 05.500% 57310000 BS eatiates 02/17/05 BOUGHT FNMA 30YR. GTD 15.000.000.00 101.5585 15,233.789.06 SETT 03,05 F 05.500% 57360003 BS 03/1 0/05 02/0345 SOLD FNMA 30YR. GTD -10.000.000,00 101.5156 10.151,562 ,50 SETT, 03,05 - 05.500% 57710000 BS 027 0101,05:11:09 001 'e872 EFTA00196266 CLEARED 1HROuGH ITS YAIOU.Y ORB.G0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 38 c? Trades Executed Pending Settlement (continued) SETREMENT DATE TRADE DATE TRANSACTION 03/14105 02/10105 SOLD 03/I 4105 02/03105 BOUGHT 03/14/05 02/17105 BOUGHT 03/14105 02/10105 SOLD 03/14105 02/03105 BOUGHT 03/14105 02/09105 SOLD DESCRIPTION FNMA 301/1.010 SETT, 03105 pi psi 05.500% 57610000 BS FNMA-30YR(FNMA)G1D SETT.03/05 11011.1106,000% 57750000 BS FNMA-30YR1FNMA)G1D SETT.03/05 /11001005,000% 57300000 BS FNMA 301RtFNMAIGID SETT, 03 os imam osmen. 57670000 BS FNMA 301F8FNMA) 010 SETT 03105 06,000% 57730000 BS FNMA 9DYR1FNMA) 010 SETT 03105 06800% 57340000 BS TOTAL The chore Peons 4o nol apps in airy olhc. eaten o1 this slairntet FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER MAGER On File LAST STATEMENT January 31.2005 SYMEIOLCUSP OJANTIP PRCE DEOIT AMOUNT CREPT AMOUNT -10.000.000,00 101,6718 10,167.187 .50 10.000.000,00 99,4375 9.943.750 80 10.000.000,00 9%5429 9.954.296,88 -10.000.000,00 99,7382 9.973.828,13 20.000.000,00 103,0156 20803,125,00 -20.000.000.00 103,1875 20.637.500 80 378.099.804.89 554,227,994.01 027 0:110I105:11:09 001 9872 EFTA00196267 CLEARED THROUGH ITS WHOU.Y omeo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE wswi.bearsteams.cOm What's In This Statement Financial Summary Your Portfolio Holdings Transaction Detail Trades Not Yet Settled Your Portfolio at a Glance 11111111111111111 I I 3 FINANCIAL TRUST CO INC 4 0/0 JEFFREY EPSTEIN 7 6100 RED HOOK QUARTER 26 STE B3 ST THOMAS VI 00802 TOTAL VAWE OF SECURITIES THIS PERIOD 10,656,868 LONG ACCRUED INTEREST 107,032 NET CREDIT BALANCE 976,344 Market Value of Your Portfolio Cash 8 Equwalent $976344 5732.186 NET EQUITY THIS PERIOD $11,740,244 NET EOUITY LAST STATEMENT 12,063,068 CHANGE SINCE LAST STATEMENT -322,824 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Ned Income 10.656.868 I $11.218594 Current market yak* egm Last statements market value FINANCIAL TRUST CO INC STATEMENT PERIOD January 1.2005 THROUGH January 31.2035 ACCMIST NUMBER TAXPAYER NUMBER On File LAST STATEMENT December 31.2004 SIK TRY Tying a TIOTHIMAND pwpons MESS rc4 "Eroded as a U. ex mliste TNT ststerneC should be Maned for your records Su worm THIT for greaten rdormalpn 027 0201GS:07:16 001 vary EFTA00196268 CLEARED 'THROUGH RS WHOLLY OBAED SUBSIDIARY FINANCIAL TRUST CO INC 2 oi 27 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 02,01,05:07$5 001 V870 EFTA00196269 CLEARED THROUGH ITS WHOU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 3 c. 2? Cash Flow Analysis THIS PERSTO Income Summary MS PEWS YEAR TO DATE Opening Balance $732,186.31 U.S. Govt. Bond Int. 285.117.41 285,117.41 Govt. Agency Int. 655,330.03 655,330.03 Securities Sold 1,327,851,391.84 Corp. Bond Int. 130.177A4 130,177.44 Dividends/Interest 1,070,624.88 Reverse Repurchase Int. 235.427.49 235.427.49 Miscellaneous 4,687.50 Total $1,306,052.37 $1.306.052.37 Amount Credited $1.328.926,704.22 Bond Purchase Int. -589.389.51 -589,389.51 Securities Bought -1,327,991,635.74 Repurchase Int. Exp. -118.021.37 -118,021.37 Funds Withdrawn -72.724.00 Dividends/Interest Charged -589.389.51 Miscellaneous -28.796.88 Portfolio Composition Amount Debited $-1.328.682,546.13 CashCash Equivalent 976.344 Fixed Income 10.656.868 Net Cash Activity 244.158.09 Closing Balance $976,344.40 Total $11.6331. Cash Balance Summary WINN° CLOSNO Margin 732,186.31 976,344.40 Net Cash Balance $732.186.31 $976,344.40 027 02,01,05:07:55 001 FINANCIAL TRUST CO INC STATEMENT PERK* January 1.2005 THROUGH January 31. 2005 ACCOUNT NUMBER TAXPAYER nusii3ER On FIk LAST STATEMENT December 31.2000 Your Portfolio Allocation Cash & Equivalent, 8% Uetivaed conees 0en,* debt bebnce ender seal male vela, Ma slocatich reverter is de•ved ewe Vo ebeol.te mere', value of f%/ palloo 1870 EFTA00196270 CLEARED THROUGH ITS INHOU.Y ORBED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 4 c/ 2? Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCDPION CASH BALANCE SrsilICLOSO MARKET ESTILIAIED CuRRENT OWNTiTY PiBCE VALUE ANNUAL iNCONE VELD 976.344 TOTAL CASH & CASH EQUIVALENTS 5974.344 FIXED INCOME Government & Agency Obligations DESCRPRON SIRSOLCUSP ACV' TYPE DUMMY PLACE IAARKET VALLE ACCRUED MEREST ESTMATW ANNUAL iNCOME CURREN, VELD IV FEDERAL HOME LOAN MTG CORP MRGN 15.029,420 9,5203 1.430.842 32.862 739.447 51.6792 SERIES 2530 CLASS SE DATED DATE 10/11/02 BOOK ENTRY ONLY DUE 02/1&2032 4,920% FACTOR — .25049034 FEDERAL ROME LOAN MTG CORP MRGN 6.446.913 8,6637 558.539 12.951 291.400 52,1718 SERIES 2526 CLASS SI DATED DATE 10/01/02 BOOK ENTRY ONLY DUE 0'2/15/2032 4.520% FACTOR — .25049033 FEDERAL NATIONAL MTG ASSN MRGN 3.672.130 84.8828 3.117.007 3 37 0.0012 STRIP MTG SERIES 322 CL PO DATED DATE 03/01/02 BOOK ENTRY ONLY DUE 03/01/2032 .001% FACTOR - 1.00000000 FECES& HOME WAN MTG CORP MRGN 12,935.618 &2178 1.063.020 25.987 584.690 55,0027 SERIES 2483 CL SL DATED DATE 07/02/02 BOOK ENTRY ONLY DUE 03/1512032 4.520% FACTOR - .22424606 FINANCIAL TRUST CO INC STATEMENT PERM January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER M.aER On File LAST STATEMENT December 31.2004 027 0201,05D7:SS 001 "870 EFTA00196271 CLEARED THROUGH ITS INTIOU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 5 O 2? Your Portfolio Holdings (continued) Government & Agency Obligations (continued) N:C" DESCDPnON SweCLCuSP nPt FEDERAL NATIONAL MTO ASSN SERIES 2003-49 CLASS SW DATED DATE 04/30/03 BOOK ENTRY ONLY DUE 01/25/2033 4.470% FACTOR — .56738039 Total Government& Agency Obligations OLIANTITY MRGN 13.791.178 ACCRUED PRICE MARKET VALUE !MEREST 8,1254 1.120.583 10.274 87288.991 $82,o77 FINANCIAL TRUST CO INC STATEMENT PERM January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER AA.103ER On FIM LAST STATEMENT DELETED& 31.2004 ESTIAMED CURRSVr ANNUAL WOW YELD NG 616.466 55,0130 52232.040 Corporate Bonds DESCRP1ON SOMCLCUSP FANNIE MAE CMG,SEIRIES 2003-13 S ROR-ItO FUR DATED DATE 02/2503 BOOK ENTRY ONLY DUE Oa/2512033 5,470% FACTOR — .54744510 Total CorporateBonds ACC' TYPE MRGN DUMMY 27.372,254 ACCOJED PRICE IMRXET VALUE NTEFEST 12.3003 3.366.877 24.955 $3.166.877 $24.955 ESTIMATED ANMJAL INCOME 1.497.262 $1.497.262 CURFENT VELD PM 44,4704 TOTAL FIXED INCOME 510.656.868 $107.032 $3.729.302 YOUR PORTFOLIOHOLOINGSACCRUED INTEREST 5107.032 YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME 5-3.729.302 YOUR PRICED PORTFOLIOHOLDINGS $11.633.. 027 020105:07:55 001 Y870 EFTA00196272 CLEARED THROUGH ITS YAIDALY OUS*0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 6 Repurchase and Reverse Repurchase Transactions with Bear, Stearns& Co. Inc.outstanding as of date of statement PURCHASE/ FIEFURCHASE PRICING PURCHASE RIM ACCRUED REPO CAONTRY START DATE DATE RATE PAINCPAL INTEREST' (FACE AMOUNT) CUSP DESCRIPTION FINANCIAL TRUST CO INC STATEMENT PEF000 January 1.2005 THROUGH January 31.2005 AccouNT NUMBER TAXPAYER MAKER OR File LAST sTATEmENT December 31.2004 YOU SOLD (REPO) 01/13105 04/11105 GOVERNMENT NATIONAL MEG ASSOC 2.860 -2.601,000 -3.926 -22.100,003 SEES 2004-5 CLASS P 4.4500 02/20/33 YOU SOLD FANNIEMAE STRIP (REPO) 01/13/05 04/11/05 2.860 -11.902.000 -17.965 -30.000.000 SEES 329 CLASS PO 12/01/32 YOU SOLD FANNIE MAE STRIP (REPO) 01/13/05 04/11/05 2.860 -6.406.000 -9.669 -30.000.000 SEES 353 CLASS 10 5.0000 07/01/34 YOU SOLD (REPO) 01/19/05 02/18+05 2.700 -7.600.000 -7.410 -43.190.000 FHLMC- STRIP PRNCAPAL ONLY YOU SOLD FANNIEMAE STRIP (REPO) 01/28/05 02/2/3/05 2.790 -10.014.000 -3.104 -25.000.000 SEES 329 CLASS PO 12/01132 YOU SOLD FANNIE MAE STRIP (REPO) 01/28+05 04/11/05 2.860 -7.351.000 -2.335 -35.000.000 SEES 353 CLASS 10 5.0000 07/01134 YOU SOLD (REPO) 01/28+05 02/28+05 2.790 -1.199.000 -371 -6.810.000 FHLMC- STRIP PRINCIPAL YOU SOLD GOVERNMENT NATIONAL MEG ASSOC (REPO) 01/28+05 02/28+05 2.790 -500.000 -155 -4.300.000 SEES 2004-5 CLASS P 4.4500 0920/33 YOU PROVIDED GOVERNMENT NATIONAL MEG ASSOC (MARGIN) 01/28+05 OPEN 0.000 -17.600.000 SEES 2004-5 CLASS P 4.4500 0920/33 YOU SOLD FEDERAL HOME LOAN MTG CORP (REPO) 01/28/05 02/2/3/05 2.790 -849.000 -263 -50.000.000 SEES 2488 CLASS SO 5.5200 03/15/32 YOU SOLD USER 3.6250 01/15/10 (REPO) 01/31/05 OPEN 2,420 -19.925.000 -1.339 -20.000.000 027 0201,05:07:55 001 Ya70 EFTA00196273 CLEARED THROUGH ITS YRIOU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 7 2? Repurchase and Reverse Repurchase Transactions (continued) with Bear,Stearns& Co.inc.outstanding as of date of statement (continued) PURCHASE/ START DATE REPURCHASE DATE PRICING RATE PURCHASE PRIES PRINCPAL ACCRUED REPO MEREST' GUMMY (FACE AMOUNT) CUSP DESCRIPTION YOU SOLD (REPO) 01/31/05 OPEN 2.170 -31.465.000 -1.896 -31.000,000 USTR 4,2500 11/15114 YOU SOLD FANNIEMAE STRIP (REPO) 01/31/05 02/10/05 2.760 -8.409.000 -644 -20.959,779 SERIES 329 CLASS PO 1201,32 YOU BOUGHT (REVERSE) 01/31/05 OPEN 1,930 176.220.000 9.447 176.000.000 USTR 3,0000 1213106 TOTAL REVERSE REPURCHASETRANSACTIONS $176.220.000 $9.447 FINANCIAL TRUST CO INC STATEMENT PERKO January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER NURSER On File LAST STATEMENT December 31.2004 TOTAL REPURCHASE TRANSACTIONS 1-108.221.000 $-49.077 As Cl 214IPTOM <WO Transaction Detail INVESTMENT ACTIVITY SETTLEMENT DATE TRADE DATE TRANSACTOR CESCMPTION SYMBOLCUSiP GUMMY PRICE DEBT AMOUNT CREDO MOUNT 01107/05 01/06105 BOUGHT UNITED STATES TREASURY NNE 10,000,000 99,86719 0986.718,75 04.250% MN IS ACM *It 62,223.76 MATURITY GVER REF # G0061006 Al 01107105 01/06105 BOUGHT UNITED STATES TREASURY NNE MEN 10.000.000 99.87109 9087,109.38 04.250% MN 0 MATURITY 15 ACCR, NIT, 62,223.75 GVER REF # G0071000 Al AS OF 01106/05 027 0201,05D7:SS 001 •••870 EFTA00196274 CLEARED THROUGH ITS wilDtLY CAM,E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 8 c12• Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACT/3N CESCRIPTION STIADOLICUSP oawrin PRICE DEBIT AMOUNT MEM AMOUNT 01/07/05 01/06/05 SOLD UNITED STATES TREASURY NOTE .40.000.000 99.69531 39.878.125 ,00 03.000% JD 30 MATURITY ACCR, INT, 23,204.42 GVER REF # G0061007 Al 01/07105 PRINCIPAL FEDERAL NATIONAL MTG ASSN -114.994 STRIP MTG SERIES 322 CL PO 0.001 DUE 03/01/32 PRINCIPAL REDUCTN 01-25-05 01/11105 01/10/05 SOLD UNITED STATES TREASURY NOTE -15.000.000 99.58984 14.938.476 ,56 03.000% JO 30 MATURITY ACCR, INT, 13.674.04 OVER REF # 00101017 Al 01/13/05 01/07105 BOUGHT FEDERAL NATIONAL MTG ASSN 16.314.621 80.34376 13.107,778 .31 SEFUES 329 CLASS PO STRIP 1/1.57450000 BS 01/13+05 01/07+05 BOUGHT FEDERAL NATIONAL MTG ASSN EMI 28.945.632 25.12500 7,272,590.12 SERIES 353 CLASS 2 ACM Mt 48,242.72 05.000% 57440000 BS ACCRUES ON 1ST. PAYS ON 25TH 01/13+05 01/12+05 BOUGHT UNITED STATES TREASURY NOTE MIK 10,000.000 100.12109 10,012,109.38 04.250% MN 15 ACCR, INT. 69,267.95 0 MATURITY GVER REF # G0121006 Al 01/13A)5 01/12/05 SOLD NITED STATES TREASURY NOTE -30.000.000 99.60938 29.882.812 .50 DUE 12/31+2006 03.000% JD 30 ACCR. INT. 32.320 SPECIAL INSTRUCTIONS .44 I FINANCIAL TRUST CO INC STATELIER, PERIOD January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER KUMMER On File LAST STATEMENT December 31, 2004 IELD 3206 % TO MATURITY GVER REF # G0125168 A3 wwEe 027 0201 05:07:55 001 V870 EFTA00196275 CLEARED THROUGH ITS WHOM.? EIMS*0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 9 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 01/18105 TRADE DATE TRANSACT/3N 01/14105 SOLD DESCRIPTION UNITED STATES TREASURY MUTE 04.250% MN 15 0 MATURITY GVER REF # G0141001 Al 01/18/05 01/14105 SOLD UNITED STATES TREASURY NNE 03.000% JD 30 MATURITY OVER REF it G0141002 Al 01/18/05 01/14105 BOUGHT UNITED STATES TREASURY N0TE 03.625% JJ 15 MATURITY GVER REF # G0141003 Al 01/18(05 PRINCIPAL FEDL HOME LOAN MTG CORPitS02684 SERIES 218 CL PO DUE 02/01/32 PRIN RID 12-04 PM 01-15-05 REPO P 8I 0.0000 01/18105 PRINCIPAL FEDERAL FINE LOAN MTG CORP SERIES 2483 Q. SL 4.520 DUE 03/15132 PRINCIPAL REDUCTN 01-15-05 01/18105 PRINCIPAL FEDERAL HOME LOAN MTO CORP SERIES 2530 CLASS SE 4.920 DUE 02/15/32 PRINCIPAL REDUCTN 01-15-05 STMEIOLCUMP OVAMITY -9.000.000 PRICE 100.20313 ACCR, INT. ,itkl CA, FINANCa TRUST CO INC STATEmENT PERK* January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER NUMER On File LAST STATEMENT December 31, 2004 DEBIT AMOUNT GRECO' AMOUNT 9,018.281 .25 67,624.31 -15.000.000 99.57031 ACCR. INT. 14.935,546 ,88 22.375.69 20.000.000 ACCR, 1L 99.61719 19.923.437.50 6.008.29 381.961.00 -470.084 -498.652 01/18105 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS Si 4.520 DUE 02115/32 PRINCIPAL REDUCTN 01-I 5-05 -213.898 01/19105 01/18105 SOLD UNITED STATES TREASURY NOTE 04.250% MN 15 0 MATURITY GVER RE? # G0181001 Al -9.000.000 100.12500 ACCR, INT. 9.011.250.00 68.680.94 021 0201 0507:55 001 .870 EFTA00196276 CLEARED THRouGH ITS valOLLY ORBED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 10 c! 27 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 01/19105 01/18/05 SOLD 01/19105 01/18105 BOUGHT 01/20/05 12/07104 CANCEL SELL 01,20.05 12/15/04 BOUGHT 01/20+05 12/07+04 SOLD 01/2005 12/15+04 CANCEL BUY 0 I '2005 12/0704 BOUGHT Dues P1104 UNITED STATES TREASURY NOTE 03.000% JO 30 0 MATURITY GVER REF ft G0181005 Al $0.100..00$-P OuANTir, PRCE FINANCIAL TRUST CO INC STATEMENT PEF000 January 1.2005 THROUGH January 31.2005 *scow! NUMBER TAXPAYER NUMBER On File LAST STATEMENT December 31, 2004 DEW AMOUNT OEM AMOUNT UNITED STATES TREASURY NOTE 03.625%11 15 0 MATURITY GVER REF P G0181009 Al ONMA-30YRONMATOTO SETT:01105 57310000 BS AS OF 12/07104 TO C/3. PREVIOUS SELL ONMA-30YRTGNMATGTO )00000as 591.01/05 0:0000:0 BS GNmA-30vR(GMAA)GTO SETT.01.85 • • 05,500% 57310000 BS ON MA-30YR(GMAA)GTO SE T.01105 7020000 BS AS OF 12/15/04 TO C/3. PREVIOUS BUY ONMA-30YRONMATOTO SETT.011105 57780000 BS .16,000.000 99,52344 ACCR, INT. 15.923,750,00 25,193,37 NIS 20.000.000 99,48828 19.897.656.25 ACM, M. 8.011.05 7.000.000 101.96875 7.137.812,50 7.000.000 102.35156 7.164.609,38 -7.000.000 101.96875 7.137.812,50 VIII -7.000.000 102.35156 7,164.609,38 10,000.000 103.54688 10.354.687.50 027 020I,05:07:55 001 .870 EFTA00196277 CLEARED THROUGH ITS YAICU.Y OBBED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 11 o Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 01,20/05 TRADE DATE mAtisAcnoti 12;i5.04 CANCEL SELL OESCRIPTION ONMA-30YR(GNIAAJOTO SETT.01//05 7030000 BS AS OF 12/15/04 TO CM. PREVIOUS SELL 01,20/05 12/07104 CANCEL BUY GNMA-30TR(GNMAIGTO SETT.01//05 57780000 BS AS OF 12/07/04 TO CM. PREVIOUS BUY 01/2005 12/15/04 SOW GNMA-30YRONMAJOTO SETT.01/A35 1.0.5 06.0" 7030000 BS 01/21,05 JOURNAL FEDL HOME LOAN PAM CORP#S02684 SERIES 218 CL PO DUE 02/01/32 ADJUST POSITION 01/2905 PRINCIPAL FEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 CL PO 0,001 DUE 03/01/32 PRINCIPAL PAYMENT 01-25-05 01/2905 PRINCIPAL FANNIE MAE ONO/SERIES 2003-13 S RCR-10 FLTR 5.582 DUE 03/25/33 PRINCIPAL REDUCTN 01-25-05 01.25,05 PRINCIPAL FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW 4.582 DUE 01/25/33 PRINCIPAL REDUCTN 01-25-05 FINANCIAL TRUST CO INC STATEMENT PERK* January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER NUNSER DII File LAST STATEMENT December 31.2004 STIABOLCUSP OWARITY PRICE DEBIT AMOUNT CREDI A/lOcter 10.000.000 103.59375 10.359.375.00 -10.000.000 103,54688 10.354.687.50 .10.000.000 103.59375 10,359,375.00 -1 INININ 114.994.05 MIN -610.357 NMI -307.521 027 02,0I 005:07:5S 001 .870 EFTA00196278 CLEARED THROUGH ITS leni0M.Y Oune0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 12 r! Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 01/28,05 TRADE DATE TRANSACTOR 01/26105 BOUGHT DESORPTION FEDERAL NATIONAL MTG ASSN SEAMS 329 CLASS PO STRIP IMI.58050000 BS 01/28/05 01/2645 BOUGHT FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 illit s05.000% 8060000 BS ACCRUES ON 1ST. PAYS ON 2501 01/28/05 01/27/05 BOUGHT UNITED STATES TREASURY NOTE DUE 11/1512014 04.250% MN IS SPECIAL INSTRUCTIONS YIELD 4,224 % TO MATURITY OVER REF V G0272927 A3 riViE8 01,31105 01/27/05 BOUGHT FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO STRIP 00111 1,57200000 BS 01,31105 01/2645 SOLD GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS S8 04,720% 7450000 BS SY/ABOLICUSIP OUPPRTIY 13,595,517 PRICE 82.03125 FINANCIAL TRUST CO INC STATEMENT PERK* January 1.2005 THROUGH January 31.2005 ACCOUVT NUMBER TAXPAYER IMAGER On File LAST STATEMENT December 31, 2004 DEBIT AMOUNT 11.152.572,95 GREGG AAIDUNr 33.769.904 ACCR, 24.21875 8.178.648,71 126.637,14 10.000.000 100.20313 ACCR, NT. 10.020.312.50 86.878.45 11.398.361 8196875 9.343.094.60 -39.801.752 9,00000 ACCR, INT, 3,582,157.76 78276,79 01,31105 01,28105 BOUGHT UNITED STATES TREASURY NNE 04.250% MN IS MATURITY GVER REF # G0281002 Al 01,31105 01/2845 BOUGHT UNITED STATES TREASURY NOTE 03.000% JD 30 . % 0 MATURITY GVER REF # G0281000 Al 9.000.000 100.90234 ACCR, INT, 9.081.210.94 81.360,49 15.000.000 ACCR, WT, 99.58594 14.937.890.63 38.535,91 027 02010507:55 001 .870 EFTA00196279 CLEARED THROUGH ITS YAIOU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 13 c! 27 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRAusg,Bon 01/31/05 01/28/05 SOLD j.ESLF pno” UNITED STATES TREASURY 1431E r 03,625% JJ 15 . MATURITY G.ER REP tt G•281001 Al STIUBOLGUEV OVANTITY PRCE -20.000.000 99,76563 ACCR, INT. FINANCIAL TRUST CO INC STATEMENT PERM January 1.2005 THROUGH January 31.2005 AGLOW! NUMBER TAXPAYER isafuSER On File LAST STATEMENT December 31, 2004 DEW AMOUNT CREDIT MOM 19.953,125 ,00 32.044,20 TOTAL 1,188,507,003.91 $193.000.39158 DEPOSITS AND WITHDRAWALS DATE TFONSACTCN DESORPTION DEEM AMOUVT CREDIT AMOUNT 01,05,'05 FND WIRED MDA# GY154679 FNDS WIRED TO 72.724,00 FLEET NATIONAL BMW AC2387604020 NY#35491 TOTAL $.-72,724.00 INTEREST DATE DESORPTION STIABOLDLISIP OUANTITY RATE DEBIT AMOUNT CREDIT AMOUNT 01/18/05 FEDERAL NOME LOAN MTO CORP 4.5200 51.360,60 SERIES 2483 CL SI. DUE 03/15/2032 4.520 INTEREST PAYMENT 01-15.05 01/18/05 FEDERAL HOME LOAN MTO CORP 5,5200 54.201,35 SEEMS 2488 CLASS SO DUE 03/15/2032 5.520 INT R/D 12-04 P/0 01-15-O5 REPO P & I 5.5975 01/18/05 FEDERAL WA* LOAN MTO CORP 4,9200 64.667)5 SERES 2530 CLASS SE DUE 02/15/2032 4.920 INTEREST PAYMENT 01-15-05 027 02,01,05:07:55 001 '.1170 EFTA00196280 CLEARED THROUGH ITS YAICU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 14 o Transaction Detail (continued) INTEREST (continued) FINANCIAL TRUST CO INC STATEMENT PERK* January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER MASER (Nine LAST STATEMENT December 31.2000 DATE DESCRIPTION SYMEICIJCUSIP DOWNY RATE ITN DEBIT AMOUNT CREDO AMOUNT 01/18105 FEDERAL HOME LOAN MTO CORP 4.5200 25,519.23 SERES 2526 CLASS SI DUE 02/15/2032 4.520 INTEREST PAYMENT 01-15-05 01/18105 GOVERNMENT NATIONAL TATO ASSN 4.7930 166998.04 SERES 2004-2 CLASS SB DUE 01/16/2034 4.793 INT RID 01-05 PA) 01-16-05 REPO P I 4.7931 01/20/05 GOVERNMENT NATIONAL WO ASSN 4.5400 82.855.00 SERES 2004-5 CLASS PS DUE 02/20/2033 4.540 INT RID 12-04 PM 01-20-05 REPO P SI 4.5400 01/20/05 GOVERNMENT NATIONAL TATO ASSN 4.5400 83.611.67 SERES 2004-5 CLASS PS DUE 02/20/2033 4.540 INT RFD 12-04 PA 01-20-05 REPO P d I 4.5400 01/25105 FANNIE K1AE CMO/SERIES 2003.13 5.5820 130.177.44 S RCR-VD RTR DUE 03/25/2033 5.582 INTEREST PAYMENT 01-25-05 01/25/05 FEDERAL NATIONAL NM ASSN 4.5820 53.839.40 SERIES 2003-49 CLASS SW DUE 01/25/2033 4.582 INTEREST PAYMENT 01-25-05 TOTAL $707.230.6e 027 020105:07:55 001 V870 EFTA00196281 CLEARED THROUGH ITS VOICtLY ORTNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 15 c! Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stearns& Co. Inc. SETTLEMENT TRACE DATE DATE TRANSACTION DESCRPTCN SYMEICIJCUSIP awn" DEBIT ;wow CREDIT AMOUNT 01/07/05 JOURNAL LIMTEO STATES TREASURY NOTE -20.000.000 20.050.000.00 FONT crimp Al 4.250 14 REPO AGREEMENT 01/07/05 DELIVERED UNITED STATES TREASURY NOTE INIIIIII -75.000.000 75.000.000 .00 DUE 12/31/2006 3.000 3.000 DUE 12/31/06 RIM F3660898 A2 TERM RESALE AGREEMENT 01/07/05 RECEIVED UNITED STATES TREASURY NOTE IIIIIIII 115.000.000 115.000.000 .00 DUE 12/31/2006 3.000 3Flar DOIAI RESALE T 01/07/05 INTEREST MATED STATES TREASURY NOTE IIIIIIII 25.416.67 DUE 12131/2006 .000 F3660898 INTEREST 01110105 JOURNAL FEDL HOME LOAN MTG COAH/S02684 -11,512,346 8.628.000.00 SERIES 218 CL PO FILM Al DUE Ojai. REPO 01/10/05 JOURNAL FEDL HOME LOAN MIG OC6P4S02684 11.512,346 9.478.000 .00 SERIES 218 CL PO DUE 0 FILM A2 TERM ENT 01/10105 JOURNAL GOVERNMENT NATIONAL MTO ASSN 21.900,000 SERIES 2004-5 CLASS PS 4.540 DUE 02/20/33 FILM F3573210 A2 TERM REPO AGREEMENT 01/10105 JOURNAL GOVERNMENT NATIONAL MTO ASSN -21.900.000 500.000.00 SERIES 2004-5 CLASS PS FINANCIAL TRUST CO INC STATEMENT PERICO January 1.2005 THROUGH January 31.2035 ACCOUNT NUMBER TAXPAYER KAISER On File LAST STATEMENT December 31.2004 4FRA4 .540 AI REPO A 027 020105:07:55 001 V870 EFTA00196282 CLEARED THROUGH ITS INTIOU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 16 a 2? Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION SYMEMICUSIP CVANTITY DEBIT AMOUNT 01/10105 INTEREST FEDL NOME LOAN MT0 OUIPeS02684 53,550.70 SERIES 218 CL PO DUE 07".. 0.000 ATM A2 REPO I 01/11105 RECEIVED UNITED STATES TREASURY NOTE DUE 12)31/2006 3.000 3.000 FITM 1111(21C RESALE T 01/11105 RECEIVED UNITED STATES TREASURY NOTE DUE 12)31/2006 3.000 3,000 FITM 4111111106A 1 A RESALE M iltregIT 01/11.'05 RECEIVED UNITED STATES TREASURY NOTE DUE 12131/2006 3.000 3.000 FITM AIB RESALE 01/11.'05 DELIVERED UNITED STATES TREASURY NOTE DUE 12/31/2006 3.000 3,000 FILM JWA2 TERM e EMENT 01/11/05 INTEREST UNITED STATES TREASURY NOTE DUE 12i3.1.2.OD6_ _3.000 Fir III 01/13105 JOURNAL FEDERAL NATIONAL 1.110 ASSN SERIES 329 CLASS PO DUE 01)01,33 STRIP FILM yip Al REPO A FINANCIAL TRUST CO INC STATEMENT PERK* January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER NLAIBER On Rile LAST STATEMENT December 31.2000 CREDIT AMOUNT 30,000.000 29.999.999 .99 50.000.000 49.999.999.99 50.000.000 49.999.999.99 -116.000.000 115.000.000.00 25,491.67 .16,314.621 11.902.000 .00 027 02,01,05:07:S5 001 .870 EFTA00196283 CLEARED THROUGH ITS YAICU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 17 C! 27 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEmENT TRADE DATE DATE nvecMCnON DESCRencti 01/13105 JOURNAL GOVERNMENT NATIONAL LIM ASSN SERIES 2004-2 CLASS SB 4.7933.4 FITM A2 TERM / MENT 01/13/05 JOURNAL GOVERNMENT NATIONAL MM ASSN SERIES 2004-2 CLASS SB 4.793 WI FITM Al REPO A 01/I 3105 JOURNAL GOVERNMENT NATIONAL KIM ASSN SERIES 2004-5 CLASS PS ORTm .540 Ditaire33 Az TERM RortTMENT 01/1305 JOURNAL GOVERNMENT NATIONAL MM ASSN SERIES 2004-5 CLASS PS 4.540 FIRE 11.1 REPO A 01:13,05 JOURNAL GOVERNMENT NATIONAL MTO ASSN SERIES 2004-5 CLASS PS 4.540 FITM REPO A 01/13/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 4, 0 FIV 033A 3 REPO A 01/13/05 JOURNAL FEDERAL NATIONAL MTO ASSN SERIES 353 CLASS 2 5.000 100034 FITM B1 REPO A FINANCIAL TRUST CO INC STATEMENT PER100 January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On Pile LAST STATEMENT December 31.2000 SYMP./Q/51P OMMITIN COON AMOUNT CREDIT AMOUNT 40,307,282 MIS -40.307.282 2,830.000.00 EMI 22.100.000 2,500,000.00 -22.100.000 2.601.000.00 EMI 22.100.000 2.601.000.00 Mill -22.100.000 2 601.000.00 -28,945.632 6,406.000,00 027 02,01,05G7:55 001 '.870 EFTA00196284 CLEARED THRouGH ITS YAICU.Y OMBED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 18 ul V Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) sEntEmetir DAN 01/13/05 Gum DATE 01/13/05 01/13/05 01/13105 01/13/05 01/13105 FINANCIAL TRUST CO INC STATEMENT PERK* January 1.2005 THROUGH January 31.2005 AccouNT NUMBER TAXPAYER NUMBER On He LAST STATEMENT December 31.2004 TVOC3ACRON DESORPTION SYMeCtocusie MAMMY DEBIT AMOUNT CREDO AMOUNT JOURNAL UNITED STATES TREASURY NOTE 20.000.000 20,050.000 .00 FITM pig A2 4,250 14 TERM REPO AGREEMENT JOURNAL WITTED STATES TREASURY NOTE -30.000.000 30.150.000 .00 FITM Al 4.250 4 REPO AGREEMENT DELIVERED UNITED STATES TREASURY NOTE -30.000.000 29.999.999.99 DUE 12/31/2006 3.000 3.000 FITM FINCALC TERM e ENT DELIVERED UNITED STATES TREASURY NOTE -50.000.000 49.999.999.99 DUE 12/3112036 3.000 3.000FlarE6 FITM A2A TERM e EMENT DELIVERED LIMTE0 STATES TREASURY NOTE -50.000.000 49.999.999.99 DUE 12/31/2006 3.000 3,000 TA FIT A2B TERM EMENT FM1r RECEIVED UNITED STATES TREASURY NOTE 160,000,000 160.000.000 .00 DUE 12/31/2006 3.000 3.000 FITTA Al RESALE 01/13105 INTEREST GOVERNMENT NATIONAL MTO ASSN SERIES 2004-5 CLASS PS DUE 02:111 4.540 FITM A2 REPO I 3.987.50 01/13105 INTEREST LIMITED STATES TREASURY NOTE DUE AO. 4.250 M A2 FIT REPO I 5.719.82 027 meiVS:07:55 ROI '.870 EFTA00196285 CLEARED THROUGH ITS YAICU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 19 nr Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMOIT DATE 01/13/0S TRADE DATE TRNISACRON INTEREST DESCRPTICH UNITED STATES TREASURY NOTE DUE 11 10 3.000 ATM A2C RESALE 01/13105 INTEREST UNITED STATES TREASURY NOTE DUE 12/W 3.000 ATM A2A RESALE OVANTITy DEBIT ;wow FINANCIAL TRUST CO INC STATEMENT PERK* January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER NLAISER On FIk LAST STATEMENT December 31.2004 CREDIT AMOUNT 3.183.33 5,305.55 01113/05 INTEREST 01/18105 JOURNAL 0N18,[05 JOURNAL 01/18/05 JOURNAL 01/18/05 JOURNAL Oil SUS DELIVERED UNITED STATES TREASURY NOTE 5,30.5.6.5 DUE 12/W1f#, 3.000 ATM A2B RESALE GOVERNMENT NATIONAL EGG ASSN SERIES 2004.5 CLASS PS 4.540 FITA4 *WI REPO A -21.900.000 GOVERNMENT NATIONAL MTG ASSN 21.900.000 500.000.00 SERIES 2004-S CLASS PS 4.540 Oillia33 FITM A2 TERM RIlintiMMENT UNITED ASuRY NOTE -21.000.000 21.157.500.00 ATM Al 4.250 14 REPO AGREEMENT UNITED SURY NOTE 30.000.000 30.150.000.00 ATM i42 4.250 14 TERM REPO AGREEMENT UNITED STATES TREASURY NOTE -160.000.000 160.000.000.00 DUE 12/31/2006 3.000 3.000 ATM Jett TERM EMENT 027 020105:07:55 001 Y870 EFTA00196286 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 20 c! Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEMEMENT WADE DATE DATE TRANSACTION MERVIN:RI STMOCCCUSIP DVANilie MIT AMOUNT CREDIT AMOUNT 01/18/05 RECEIVED UNITED STATES TREASURY NOTE 175,000.000 175.000.000.00 DUE 12/31/2006 3.000 3.000 FILM WI RESALE T 01/18105 JOURNAL UNITED TATES TREASURY NOTE -20.000.000 19.875.000.00 FILM Al 3.625 / 10 REPO AGREEMENT 01/18105 INTEREST GOVERNMENT NATIONAL MTO ASSN 293.33 SERIES 2004-5 CLASS PS DUE 02/0 4.540 FILM A2 REPO I 01/18105 INTEREST UNITED STATES TREASURY NOTE 8.006.50 DUE 11:1111. 4.250 ATM A2 REPO I 01/18/05 INTEREST UNITED STATES TREASURY NOTE 44,000,00 DUE ISO 1000 01/19115 JOURNAL FEDL NOME LOAN MTG CCAPPS02684 -1.567.981 SERIES 218 CL PO DUE 0 FILM Al REPO:lir 01/19.'05 JOURNAL FEDL /CAE LOAN MTG COAH/S02684 -9.944.364 7,600,000.00 SERIES 218 CL PO DUE 0 FONTlair Al REPO A 01/1945 JOURNAL FEDL NOME LOAN 1410 CORPNS02684 11,512.346 8.628.000 .00 SERIES 218 CL PO li/14 FIT402/1 1,2 TERM RIMLIMMENT FINANCIAL TRUST CO INC STATEMENT PERK* January 1.2005 THROUGH January 31.2035 ACCOUNT NUMBER TAXPAYER KAISER On FOP LAST STATEMENT December 31.2000 027 0207 0507:55 001 •.'870 EFTA00196287 CLEARED THROUGH ITS YAICU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 21 c! Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) FINANCIAL TRUST CO INC STATEMENT PERIOD January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER NumBER On Ale LAST STATEMENT December 31.2004 SETTLEMENT TRADE DATE DATE WiNSACRON DESCRPTICR SYMEICIAUSIP WANTin DEBIT ;wow CREDIT AMOUNT 01/19/05 JOURNAL UNITED STATES TREASURY NOTE -12.000.000 12.120.000.00 ATM pig Al 4.250 14 REPO AGREEMENT 01/15105 JOURNAL LISTED TATE T SURY NOTE Mir 21.000.000 21.157.500.00 FITM A2 4.250 14 TERM REPO AGREEMENT 01119 x05 DELIVERED UNITED STATES TREASURY NOTE -175.000.000 175,000400.00 DUE 12/31/2006 3.000 3.000 ATM 31162 m TERM ENT 01/19435 RECEIVED MATED STATES TREASURY NOTE 191.000.000 191.000.000.00 DUE 12+31/2006 3.000 3.000 FITM .0121 RESALE T 01/19:05 JOURNAL LISTED TALE TREASURY NOTE 20.000.000 19.875.000 .00 ATM A2 3.625 ,10 TERM REPO AGREEMENT 01/19005 JOURNAL UNITED ASURY NOTE -40.000.000 39.750.000 .00 ATM Al 3,625 r10 REPO AGREEMENT 01/1905 INTEREST FEOL HOME LOAN MID CORP#S02684 5.694.48 SERIES 218 CI PO DUE Oil. 0.000 ATM A2 REPO I 01/19,05 INTEREST UNITED STATES TREASURY NOTE 1.057.88 DUE 11/ 4250 ATM A2 REPO I 027 020105:07:55 001 Y870 EFTA00196288 CLEARED 114ROuGH ITS wisCt13 CMT,*0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. =Pm 22 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) FINANCIAL TRUST CO INC STATELIER, PEF000 January 1.2005 THROUGH January 31.2035 ACCOUNT NUMBER TAXPAYER KAISER On Pile LAST STATEMENT December 31.2004 EEMEMENI TFPOE DALE DATE TRANSACTION DESCRPTION SYMIKLCVSIP OUPARITif DEBIT AMOUNT CREDIT AMOUNT 01/19/05 INTEREST UNITED STATES TREASURY NOTE 6,076,39 DUE 12/3,L2GOL •_3.000 01/19105 INTEREST UNITED STATES TREASURY NOTE 1MM 955.10 DUE 01/111, 3.625 FITMF REPO INr 01/28/05 JOURNAL FEDL HOME LOAN MTG COAP#S02684 1.567,981 SERIES 218 CL PO DUE 0 FITM 31111 AA2 TERM ENT 01/28105 JOURNAL FEDL HOME LOAN MTG CORP#502684 -1.567,981 1,199,000 .00 SERIES 218 Cl. PO DUE 021 FITM Al REPO A 01/28105 JOURNAL FEDERAL HOME LOAN MTG CORP IT III.304 SERIES 2488 CLASS SO 5.520R.1132 FITM A2 TERM MENT 01/28/05 JOURNAL FEDERAL HOME LOAN MTO CORP IT al.304 849,000.00 SERIES 2488 CLASS SO 5.520 ilt2 FITM A RESALE T 01/28/05 JOURNAL FEDERAL HOME LOAN MTO CORP .11...304 849.000.00 SERIES 2488 CLASS SO 5,520 Clin 01/28/05 JOURNAL FEDERAL HOME LOAN MTO CORP 3C4 849.000.00 SERIES 2488 CLASS SO 5,5203.32 FILM AI REPO 021 020105:07:55 001 EFTA00196289 CLEARED THROUGH ITS YAICU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 23 cIv Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRMISAGMON DESCRPOON SAleClocusie OUAMITY DEBIT AMOUNT CREDIT AMOUNT 01/28/05 JOURNAL FEDERAL NATIONAL MTG ASSN -13.595.517 10.014.000 .00 SERIES 329 CLASS PO DUE 01/01/33 STRIP FITM Al REPO Ansi 01/28 05 JOURNAL GOVERNMENT NATIONAL MTG ASSN INNS 21,900.000 SERIES 2004-5 CLASS PS 4.450 FITM 31WE2 TERM ENT 01/28/05 JOURNAL GOVERNMENT NATIONAL MO ASSN EMI -17,600.000 SERIES 2004-5 CLASS PS 4.450 FIRE Al REPO 01/28/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN -4.300.000 500.000.00 SERIES 2004-5 CLASS PS 4.450 FITM 110.1 REPO A 01/28/05 JOURNAL FEDERAL NATIONAL MTG ASSN -33.769.904 7.351.000.00 SERIES 353 CLASS 2 5.000 li FITM A r l REPO A 01/28+05 JOURNAL LINiTE0 STATES TREASURY NOTE 12,000.000 12.120.000.00 FITM A2 ell. 4.250 / 14 TERM REPO AGREEMENT 01/28/05 JOURNAL LIMTE0 STATES TREASURY NOTE -22,000.000 22.247.500 .00 FITM Jim Al 4.250 14 REPO AGREEMENT 01/28/05 INTEREST LINiTE0 STATES TREASURY NOTE 5.679.57 DUE I ling& 4,250 FILM A2 REPOT i FINANCIAL TRUST CO INC STATEMENT PERK* January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER NUmSER On FOS LAST STATEMENT December 31.2004 027 02,01,05:07:S5 001 Y870 EFTA00196290 CLEARED THROUGH ITS YAICU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 24 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPRON SYMOCIAUSIP DUMMY DEBIT AMOUNT CREDIT AMOUNT 01/31/05 JOURNAL FEDERAL NATIONAL MKT ASSN -11.398.361 8.409.000 AO SERIES 329 CLASS PO DUE 01101/33 STRIP FITM Al REPO 01/31105 JOURNAL GOVERNMENT NATIONAL MTO ASSN 39,801.752 2.830.000.00 SERIES 2004-2 CLASS SB 0.720 FITM 31.2 TERM ENT 01/31105 JOURNAL UMTE0 STATES TREASURY NOTE 22.000.000 22.247.500 AO FITM pig A2 0.250 / 14 TERM REPO AGREEMENT 01/31105 JOURNAL UMTE0 STATES TREASURY NOTE -31.000.000 31.465.000 .00 FITM Hip Al 0250 , 14 REPO AGREEMENT 01/31/05 RECEIVED OWED STATES TREASURY NOTE NMI 176.000.000 176,220,000.00 DUE 12/31/2006 3.000 3FITM J:1°Ci 1 W A RESALE T 01/31/05 DELIVERED UNITED STATES TREASURY NOTE -191.000.000 191.000.000.00 DUE 12/31/2006 3.000 3,000 AI FIT FIWA2 TERM EMENT 01/31/05 JOURNAL UNITED STATES TREASURY NOTE -20.000.000 19.925.000)30 FITM Al 3.625 , 10 REPO AGREEMENT 01,31,{05 JOURNAL UNITED ATE TREASURY NOTE 40,000.000 39.750.000.00 FITM A2 3.625 .10 TERM REPO AGREEMENT 027 020T 0507:&S 001 •.'870 FINANCIAL TRUST CO INC STATEMENT PERK* January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER KAISER OR Pile LAST STATEMENT December 31.2000 EFTA00196291 CLEARED THROUGH ITS YAICU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 25 c! Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEnLELENI TAME DATE DATE TRANSACTION DESCRPTION SYMEICIAUSIP OUNNIN DEBIT AMOUNT CREDIT AMOUNT 01,31/05 INTEREST GOVERNMENT NATIONAL Mkt ASSN 4.046,90 SERIES 2000-2 CLASS SB DUE 01311.1 0.720 FRM A2 REPO I 01/31/05 INTEREST UNITED STATES TREASURY NOTE 3.633.76 DUE I I1 0.250 ATM A2 REPO I 01/31/05 INTEREST UNITED STATES TREASURY NOTE EMI 120,648.33 DUE 12/.0 .000 01/31/05 INTEREST UNITED STATES TREASURY NOTE 25,395.83 DUE 01:110 3.625 FRM A2 REPO I TOTAL 3-1.140.074.021.34 31.135.214.427.46 FINANCIAL TRUST CO INC STATEMENT PERK* January 1.2005 THROUGH January 31.2035 ACCOUNT NUMBER TAXPAYER NUMBER On Pile LAST STATEMENT December 31.2000 MISCELLANEOUS DATE 'MAT TPANSACTO1 DESCRIPTCN DEBT AMON, STEM AMOLter 01/19/05 JOURNAL DEC 04 SPEC CLEARING FEES 2.000.00 01/19/05 JOURNAL GMAA-30YFt(ONMA)GTO 26,796.88 SETT.01/05 5.500 DUE 01115/35 MBS NET 01/19/05 01/20/05 JOURNAL GAMA-30YR(GNMA)GTD 4,687,50 SETT.01//05 6.000 DUE 01/15/35 MBS NET 01/20/05 TOTAL S-28.796.88 84.687.50 027 02,01,05:07:55 001 2870 EFTA00196292 CLEARED THROUGH ITS YAICU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 26 c? 27 Trades Executed Pending Settlement SETTLEMENT DATE TRADE DATE TRANSACTION 02/01/05 01/31105 SOLD 02/10/05 01/20105 BOUGHT 02/10+05 01/11105 SOLD 02/10105 01/18105 SOLD 02/10105 01/20105 BOUGHT 02/10105 01/20105 BOUGHT 02/10/05 01/20,105 CANCEL BUY DESCRPTION UNITED STATES TREASURY NOTE 03.126% JJ 31 0 MATUFUTY GVER REF # G0311009 Al FNMA-30YR(FNMA)G1D SETT.02/06 67390000 BS FNMA-30YR(FNMA)G1D SETT.02/06 (16.500% 67220000 BS FNMA-30YR(FNMA)GTD SETT.02/06 67000000 BS FNMA-3cna(FNItIA)G1D SETT 02/05 05.000% 57000000 BS AS OF 01120/06 FNMA-30YR(FNMA)GTD SETT,02 05 0.100005.000% 57000000 BS FNMA-30YRIFNMA)G1D SETT.02/05 101.1105.000% 57000000 BS AS OF 01/20/05 FINANCIAL TRUST CO INC STATEMENT PERM January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER 'RAISER On File LAST STATEMENT 0000MDEI 31.2004 ST/Mel:GUS* OJAArrilY PACE DESK AMOUNT CREDIT AMOUNT -15.000.000,00 99.6875 14.964.419 .89 10.000.000 p0 101,7304 10.173.046 p8 -10.000.000,00 101,2500 10.125,000 ,00 -10.000.000.00 101.5156 10.161,562 ,50 10.000.000.00 99.6523 9.965.234.38 10.000.000.00 99.6523 9.965.234.38 10.000.000,00 99.6523 9.965.234.38 027 020105:07:55 001 V870 EFTA00196293 CLEARED THRouGH ITS INNOU.Y OmBED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 27 c? 27 Trades Executed Pending Settlement (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRFIX3N 02/10105 12/16+04 BOUGHT FNMA 30YR GTO SETT. 02/05 57320000 BS 02/10105 01/11105 BOUGHT FNMA 30YR GTO SETT. 02105 ~ 06.000% 57210000 BS 02/10815 12/30814 SOLD FNMA 30YR GM SETT, 0205 1.0106.000% 57220000 BS 02/15+05 12/30104 BOUGHT FNMA 15YRtFNMA 15)3TD SETT,02 05 57230000 BS 02/15/05 12/16104 SOLD FNMA.15TRIFNMA-15,0TO SETT,02.05 F 05.600% 57330000 BS FINANCIAL TRUST CO INC STATEMENT PERIOD January 1.2006 THROUGH January 31.2005 AccouNT NUMBER TAXPAYER KAISER On Pile LAST STATEMENT December 31.2004 STMOD-CUSP OJANTin PRICE DEMI AMOUNT CREPT RAMO 10.000.000.00 103.0312 10.303.125.00 20.000.000.00 103.0312 20.606.250 .00 -10.000.000,00 102.9843 10.298,437,50 11.000.000.00 102.9765 11.327.421.88 -11.000.000,00 103.1093 11.342.031 .25 TOTAL $72.340.312.52 $66.836.685.52 The chore Fads M nol room m se oiler semon oi iler stommtet End of Statement 027 0201.06:07:65 001 M970 EFTA00196294