EFTA00197769.pdf

Statements EFTA00197769 CLEARED THROWN ITS MICELI" OHOE0 SURVOIAIly B STUR URNS OFFICE SERVICING YOUR ACCOUNT S m ear. Stearns & Co. Inc. ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE 3RTINBERG.ALAN C. /A1.uearstearns.com What's In This Statement Financial Summary 3 Transaction Detail 3 Fund Activity 5 Your Messages 8 Your Portfolio at a Glance NET EQUITY THIS PERIOD 0 NET EOLOTY LAST STATEMENT 21.616.835 CHANGE SINCE LAST STATEMENT -21.616.835 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. 11111111111111111 I I INSTITUTIONAL INTERESTS A/C #2 CIO FINANCIAL TRUST COMPANY ATTN LARRY KEMP 6100 RED HOOK QUARTER SUITE B-3 ST THOMAS VI 00802 Market Value of Your Portfolio Cash 8 Egwvalent $010.115 Equities Aaritu rigair ";444''''' 44 Plowo rood art/ ['Marco a rastaang of crocks or sIod. indiatiKKI as dalicooxi to ',au. Sonioas al IX06.34-1428. a yew lo ChM Santos a Ben Stearn &Gimes Con, Ocookhn. NY ITEM-S.5e em Last statement's market value 621.506.720 INSTITUTIONAL INTERESTS /LC #2 STATEMENT PER100 November 29.2003 THROUGH December 31.2003 ACCOLM NUMBER TAXPAYER MJMITER On File LAST STATEMENT November 28.2003 Tin Rawer)/ is kit vlborwsorrol pseposes My els rd needed as a la. nand 13 4 Tin statemere shorn be Maned for yoor records See revers* S. for rroorten Scomnat 027 01,0104:12:54 001 Important Message II any information regarding 2003interest. dividends. miscellaneous income. gross proceeds or original issue discount is required to be reported to the IRS for this account. a Consolidated Form 1099 will be mailed to you by February 2. 2004or a 1042S by March 15.2004. Ye is EFTA00197770 CLEARED DIROU31111S WHCCLY OWED SUBSIDIARY INSTITUTIONAL INTERESTS NC #2 2 of e STATEMENT BACKER IS PRINTED ON THIS PAGE 027 01,01.04:12:S4 001 Y818 EFTA00197771 B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 3 vi Cash Flow Analysis THIS PERIOD Cash Balance Summary OPENIN3 aostoa Opening Balance $9.694.17 Cash 9.694.17 0.00 Securities Sold 21.372.449.58 Net Cash Balance $9.694.17 $0.00 Money Fund 21.486.999.99 Dividends/Interest 28.853.18 Amount Credited $42,888,302.75 Income Summary TM PERIOD YEAR 70 DATE Money Fund -21,382,225.14 Dividends 33.204.12 316,229.46 Dividends/Interest Charged -1.53 Credit Balance Int. 1.65 6,267.07 Miscellaneous -21,515,770.25 Total $33.205.77 $322,496.53 Amount Debited $-42,897,996.92 Net Cash Activity -9.694.17 ClosingBalance $0.00 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSACTION 12/01/03 11/25/03 SOLD DESCRIPTION AMERICAN INTERNATIONAL GROUP NC UNSOLICITED AS OF I 1 t2Si'03 CLEARED THROUGH ITS WHOLLY OwNED SUBSIDIARY KUL INSTITUTIONAL INTERESTS NC #2 STATEMENT PERK* Novernter 29.2003 THROUGH December 31.2003 ALOCUNT NUMBER TAXPAYER nva3ER OR File LAST STATEMENT November 28.2003 10.180..Cusp CAAVRITf PRICE DEBIT AMOUNT CREPT AMOUNT AIG -25,000 57.45000 1,428,087.56 027 DI 0' OS:I2:54 001 '.1118 EFTA00197772 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 4 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACT/ DR DESCRIPTION SYMOOLICLISP CVONTITc PRICE DEBIT AMOUNT CREDIT MAJUNT 12/01/03 11/25/03 SOLD BANK OF AMER CORP BAG -40,000 74.82540 2.976.864.73 AVG PACE SHOWN-DETAILS ON REO ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED 12/01/03 11/25103 SOLD CITIGROUP INC C -27,376 46.87010 1.275.478.72 AVG PIECE SHOWN-DETAILS ON REO ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED SEE NOTE'S ON BACK 12/01/03 11/25/03 SOLD FREDDIE MAC-VOTING COMMON FRE 30,000 54.74270 1.632.899.05 (FORMERLY FEDERAL HOME LOAN MORTGAGE CORP)) AVG PR CE SHOWN-DETAILS ON REO ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED 12/01/03 11/25103 SOLD FANNIE MAE FNM -5,000 69.55000 345.685.25 (FEDERAL NAIL MTG ASSN) UNSOLICITED 12/01/03 11/25103 SOLD INTERNATIONAL BUSINESS IBM -20,000 89.53200 1,781,111.76 MACHINES CORP AVG PRICE SHOWN-DETAILS ON REO ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED 12/01/03 11/25/03 SOLD JOHNSON& JOHNSON JNJ -60,000 50.86400 3,034,341.12 AVG PRICE SHOWN-DETAILS ON REO ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED 12/01/03 11/25103 SOLD MBNA CORP KRB -100.000 24.19960 2.403.223.60 AVG PR CE SHOWN-DETAILS ON REO ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED 12/01/03 11/25/03 SOLD PFIZER INC PFE -75,000 33.40130 2.489.313.66 WITH RIGHTS TO PURCHASE PREFRD SIX UNDER CERTAIN CIRCUMSTANCE AVG PIECE SHOWN-DETAILS ON REO ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED CLEARED THROuGH ITS wisCo.Y EAM‘ED SUEISICally Beer Stea,n Tit' INSTITUTIONAL INTERESTS NC #2 STATEMENT PERIOD November 29.2003 THROUGH December 31.2003 ACCCUNT NUMBER TAXPAYER WIDMER On File LAST STATEMENT NOveMCOf 28.2003 021 OI 0] 0412 L,4 00, V818 EFTA00197773 CLEARED THROUGH ITS WHOLLY OWED SUBSIDIARY B STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 5 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 12/01/03 TRADE DATE TRANSACTION 11/25/03 SOLD OESCRETION PROCTER 8 GAMBLE CO AVG PRICE SHOWN-DETAILS ON REO ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED SEE NOTE'S ON BACK SYMEOLCUSP PG CAJANTITY PRICE -25,000 96.92600 INSTITUTIONAL INTERESTS A/C #2 STATEMENT PERIOD November 29.2003 THROUGH December 3t . 2003 ACCOUNT NUMBER TAXPAYER KAMER On FIIB LAST STATEMENT November 28.2003 DENT AMOUNT MO/ AMOLAT 2.410.434.82 12/01/03 11/25/03 SOLD TIME WARNER INC NEW UNSOLICITED -100.000 16.08000 1,595,009.31 TOTAL 821,372,449.58 MONEY FUND ACTIVITY DATE MOST TRANSACTION 11/29/03 COMPTON OPENING BALANCE SYMENUCUSIP OUNSTITT pp.CE 100,420.73 COW AMOUNT CAECHT AMOUNT 12/01/03 BOUGHT BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y BSN1XX 21.382.143.75 1.0000 21.382.143.75 12/01/03 DIVIDEND BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y RECORD 11/28103 PAY 11/28/03 BSN1XX 81.39 12/01/03 REINVEST BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y REINVEST PRICE $ 1,00 BSN1XX 81.39 81.39 12/09/03 SOLD BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y BSN1XX -21.482.645.87 1.0000 21.482,645.87 12/09/03 DIVIDEND BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y DIV BSN1XX 4,272.73 027 0IMIM4:12:54 001 Vale EFTA00197774 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 6 c1 .” Transaction Detail (continued) MONEY FUND ACTIVITY (continued) DATE LIDDAT TRANS:COON DESCRIPTION SYMECUCUSIP INSTITUTIONAL INTERESTS AC #2 STATEMENT PER100 November 29.2003 THROUGH December 31.2003 ACCOUNT NUMBER TAXPAYER nueeeEn On File LAST STATEMENT November 28.2003 CAMARTIT PRICE DEBIT AMOUNT CREDIT AMOUNT 12/31/03 CLOSINGBALANCE 0.00 TOTAL 5.21.382.225.14 $21.486.999.99 DIVIDENDS DATE DESCRIPTION STIABOJCUSIP OUANTITY RATE IM Cali A/.10UT CREDO AMOUNT 12/04/03 PFIZER INC PFE 75,000 0.1500 11.250.00 REC 11/14103 PAY 12/04/03 CHG VS MO & CAL TRADES 12/09/03 JOHNSON& JOHNSON JNJ 60.000 0.2400 14.400.00 REC 11/1863 PAY 12/09103 12110/03 INTERNATIONAL BUSINESS MACHINES CORP REC 11/1063 PAY 12/1603 IBM 20.000 0.1600 3,200.00 TOTAL $28,850.00 INTEREST DATE DESCRPTION 12/12/03 INTEREST ON CREDIT BALANCE CA INT CALCULATED 11/21-12/1103 SvAMCLCuSB OVANTIT, RATE I%) DEBIT AMOUNT CREDIT AMOUNT 1.53 1V22/03 INTEREST ON CREDIT BALANCE ADJ 12/22/03 CRINT VS 12/12/03 ENTRY 1.53 027 Dl m34:I2:54 001 EFTA00197775 B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 7 ci Transaction Detail (continued) INTEREST (continued) orc cescrunion 12/22/03 INTEREST ON CREDIT BALANCE ACCT 049-51880 AT 00.50000% 11/21 - 12120 TOTAL SYMEICEtuSv PANTRY RATE I%1 DEBIT AMOUNT CLEARED THROUGH ITS OHTLED SURSIOally Beer Bier INSTITUTIONAL INTERESTS A/C #2 STATEMENT PERIOD NOvernter 29.2003 THROUGH December 31.2003 ACCOUNT NUMBER TAXPAYER AMMER On File LAST STATEMENT NOvernter 28.2003 CREPT AMOUNT 1.65 $-1.53 $3.18 MISCELLANEOUS DATE MODAY TRAMPED:PI DESCRIPTCh DEW AMOUNT CREPT Mes3UNT 12/09/03 JOURNAL F TO TRII IMI I 21,512,570.05 12/15/03 JOURNAL Toe 3,200.08 TO COMP 12/30/03 JOURNAL ADJUST BALANCE 0.12 TOTAL $21,515,770.25 027 01)0144:12:14 001 Y818 EFTA00197776 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 8 Your messages la" As part of the National Association of Securities Dealers (NASD) Investor Education Program, you may obtain information on the NASD's Public Disclosure Program by contacting the NASD at telephone number (800) 289.9999 or via the intemet address which is www,nasdr,com, In addition, a brochure explaining the Public Disclosure Program is available from the NASD upon request. End of Statement la" CLEARED THRouGH ITS Yn10tty OHTLED SUBS101AnY Beer Sur //1 INSTITUTIONAL INTERESTS Ate #2 STATEMENT PERIOD NOTEMEer 29.2003 THROUGH December 31.2003 ACCOUNT NUMBER TAXPAYER MASSER On Fee LAST STATEMENT NOvernter 28.2003 Excess SIPC Account Protection Update Bear, Steams Securities Corp, (BSSC'), a member of the Securities Investor Protection Corporation (SIPC"), provides account protection for the net equity of a customer's funds and securities positions. SIPC provides $500,000 of primary net equity protection, including $100,000 for claims for cash ("SIPC Coverage,. Visit www.sipc.org for more information about SIPC Coverage. BSSC provides the additional protection ("Excess SIPC') through a commercial insurer, Effective February 16, 2004, the commercial insurer for Excess SIPC will change to Customer Asset Protection Company MAPCO", a licensed New York insurance company. Account protection applies when a SIPC member firm fails financially and is unable to meet its obligations to its securities customers, but does not apply to losses from the rise or fall in the market value of investments or to SIPC ineligible assets such as options, futures, foreign exchange transactions, or any investment contracts that are not registered as securities. 027 01,0104:12:54 001 1/1118 EFTA00197777 CLEARED IHROJOH ITS WHOLLY EMBED SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT S m ear. Stearns 8. Co. Inc. ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE S4ELNBERG.ALAN C. .//‘‘ uearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 5 Fund Activity 6 Trades Not Yet Settled 7 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD NET CREDIT BALANCE MONEY MARKET FUND BALANCE 21.506.720 9.694 100.421 NET EQUITY THIS PERIOD $21.616235 NET EQUITY LAST STATEMENT 21,613.766 CHANGE SINCE LAST STATEMENT 3.070 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. lllllllllllll 1111 I I INSTITUTIONAL INTERESTS A/C #2 CIO FINANCIAL TRUST COMPANY ATTN LARRY KEMP 6100 RED HOOK QUARTER SUITE B-3 ST THOMAS VI 00802 Market Value of Your Portfolio Cash S EqLwalent $110.115 $441.691 Equities Bozo rood an/ diTaarca a rearoctIN of &otos or Mocks. indicalcol as cloOrami lo you. n COM SoMoao ale0634-1429. a onto lo ChM Santos a Boas. Stow@ SecuMos Cap. B0001,Bn. NY. 112014050. MI Current market vabe ME Last statements market value 521.506.720 $21.172.075 r I INSTITUTIONAL INTERESTS At #2 STATEMENT PERK* November 1.2003 THROUGH Nov tuber 28.2003 ACCOUNT NUMBER 708PATER WINER On He LAST STATEMENT October 31.2003 St 'ME asToTarY a to slommaonsl INATOSIS at a k rinsed as a tat &amid nes cutworm NNW be your records Su worse Sr fa MCCAW IIVCCITYKO 027 11/29,037Y):04 001 Y818 EFTA00197778 CLEARED IHROU311 11S MOLY ORNED SUBSIDIARY INSTITUTIONAL INTERESTS NC #2 2 01 9 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 1149.03:09:04 001 Vile EFTA00197779 CLEARED IHROuGH ITS wisCsLY (A1SED StIOSIO4ARY B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 3 Cash Flow Analysis Cash Balance Summary THIS PEFICO OPENING CLO9NO Opening Balance $328,764.63 Cash 328.76443 9494.17 Money Fund 12.678.90 Net Cash Balance $328.764.63 $9,694.17 Dividends Interest 21469.17 Amount Credited $33.748.07 Securities Bought -352.731.81 Income Summary 11113 PERIOD YEM TO DATE Money Fund -86.72 Dividends 21.042.97 283,025.34 Amount Debited $-352,818.53 Credit Balance Int. 112.92 6,265.42 Net Cash Activity -319.070.46 Total $21,155.89 $289,290.76 ClosingBatance $9,694.17 Portfolio Composition Cash/Cash Equivalent 110,115 Equities 21.506,720 Total $21 616 835 027 11F2S03:09:04 001 Beer Per ir INSTITUTIONAL INTERESTS AC #2 STATEMENT PERIOD November 1.2003 THROUGH November 28.2003 ACCCUNT NUMBER TAXPAYER NLIII3ER Ofl File LAST STATEMENT October 31.2003 Your Portfolio Allocation Cash 8 Equivalent - • <1% I— Equities 99% UnsPadatl podions deoole debt Wane" ands, OM market yews Ths dumb", percenwie is clewed Korn to absolute market value of .yv pylie» Vele EFTA00197780 CLEARED THROUGH RS WHOLLY OWNED SUBSIDIARY B STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. INSTITUTIONAL INTERESTS AC #2 4 c/1 STATEMENT PERIOD November 1.2003 THROUGH November 28.2003 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER NUMBER On FIN LAST STATEMENT October 31.2003 MONET ESTIMATED CURRENT DESCRIPTION SIMBOLCUSIP QUANTITY PRICE VALUE NNUIL PICOT& YEW IV CASH BALANCE 9.694 BEAR STEARNS PRIME MONEY BSIA)C( 100,420.73 1.0000 100,421 904 0.9002 MARKET PORTFal0 CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS $110,115 $904 EQUITIES Equities & Options ACCT MAPRET ESTIMATED CURRENT DESCRenion SYme0DCeSiv Int QUANTITY PRCE YALIE AHMJN. INCOME YEW AMERICAN INTERNATIONAL GROUP AIG CASH 25.000 57.9500 1.448.750 6,500 0.4487 INC BANK OF AMER CORP BAC CASH 40.000 75.4300 3.017.200 128,000 4.2423 CITIGROUP INC C CASH 27.375 47.0400 1.287.720 38.325 2.9762 FREDDIE MAC-VOTING COMMON FRE CASH 30.000 54.4200 1.632.600 31,200 1.9111 (FORMERLY FEDERAL HOME LOAN MORTGAGE CORP) FANNIE MAE FNM CASH 5.000 70.0000 350.000 9.000 2.5714 (FEDERAL NAIL MTG ASSN) INTERNATIONAL BUSINESS IBM CASH 20.000 90.5400 1.810.800 12.800 0.7069 MACHINES CORP JOHNSON& JOHNSON JNJ CASH 60.000 49.2900 2.957.400 57.600 1.9477 MBNA CORP NAB CASH 100.000 24.5200 2.452.000 40.000 1.6313 PFIZER INC PFE CASH 75.000 33.5500 2.516.250 45.000 1.7884 027 1149,01:09:04 001 VOW EFTA00197781 CLEARED THROUGH ITS YnIOLLY OTMVED SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 5 ol Your Portfolio Holdings (continued) Equities & Options (continued) DESCAPTION PROCTER 8 GAMBLE CO ACC! IAARKET ESTRUM CURSOR SGIBOUCUSIP 119E OVA/ARTY PACE VALLE ARMS PACOLIE rEu3 PG CASH 25.000 96.2400 2.406.000 45.500 1.8911 TIME WARNER INC TWX CASH 100.000 16.2800 1.628.000 NEW Total Equities& Options 521.506.720 $413.925 TOTAL EQUITIES $21.506.720 $413.925 YOUR TOTAL ESTIMATED ANNUAL INCOME $414.829 YOUR PRICED PORTFOLIOHOLDINGS $21.616,835 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSACTION 11/12/03 11/06/03 BOUGHT DESCRIPTION FANNIE MAE (FEDERAL NAIL MTG ASSN) OGORETONARY ORDER PART OF WOO SHR INSTITUTIONAL INTERESTS AC #2 STATEMENT PERIOD November 1.2003 THROUGH November 28.2003 ACCCUNT misuser, TAXPAYER MASSER On File LAST STATEMENT October 31.2003 STM00..CGSP OUANTITY PACE DEBT ATICuta CAEN"( AMOUNT FNM 1.000 70.07000 70.482.30 027 11/2B03:09:04 001 •••818 EFTA00197782 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY B STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 6 o Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACTION 11/12/03 11/06/03 BOUGHT DESORPTION FANNIE MAE (FEDERAL NAIL MTG ASSN) OCCRETONARY ORDER PART OF 5000 SHR INSTITUTIONAL INTERESTS A/C #2 STATEMENT PERIOD Novemter 1.2003 THROUGH Novernter 28.2003 ACCCUNT NUMBER TAXPAYER KAMER Cn File LAST STATEMENT Comber 31.2003 STMBELCUSIP OJWTITY PRICE DEBIT AMOUNT CPED1 ATACcNT FNM 4,000 7015000 282,249.51 TOTAL $352.731.81 MONEY FUND ACTIVITY DATE MGDAY TRANSACTION DESCRIPTON 11/01/03 OPENINGBALANCE SYMEIX/CUSIP OUN4MY PFOCE Can AMOUNT CREDIT Amcw4T 112,926.19 11/03/03 DIVIDEND BEAR STEARNS PRIME MONEY 13SM)UI 86.72 MARKET PORTFOLIO CL Y RECORD 10/31103 PAY 10131/03 11/03/03 REINVEST BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y REINVEST PRICE $ 1,00 BSMXX 86.72 86.72 11/21/03 SOLD BEAR STEARNS PRIME MONEY BSNIXX -12,592.18 1.0000 12.592.18 MARKET PORTFOLIO CL Y 11/28/03 CLOSING9ALANCE 100,420.73 TOTAL $-86.72 512,678.90 DIVIDENDS DATE DESCRIPTION SYMBOJCUSIP OUMTITY ROE lS) 11/14/03 PROCTER 8 GAMBLE CO PG 25.000 0.4550 REC 10124103 PAY 11/14/03 DEBT AMOUNT CPECa AMCuur 11,375.00 02? Ili2A0393:DI 001 Y818 EFTA00197783 CLEARED WPM/GM ITS WHOLLY OWNED SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 7 c/1 Transaction Detail (continued) INSTITUTIONAL INTERESTS A/C #2 STATEMENT PERIOD November 1.2003 THROUGH November 28.2003 ACCOUNT NUMBER TAXPAYER PANSER On FIk DIVIDENDS (continued) LAST STATEMENT October 31.2003 DCE meg pTION SYMBOL COSI? CVANTiTY RATE (To DEBIT Al.IOUN' CREDIT AMOUNT 11/26/03 CITIGROUP INC C 27.375 0.3500 9.581.25 REC 1403.03 PAY 11.2603 TOTAL $20.956.25 INTEREST DATE DESCRIPTION 11121/03 INTEREST ON CREDIT BALANCE AT 0 1/2% 10/21 THRU 11/20 SYklEICIAUSIP CUANTITY RATE is.) CENT AMOUNT CREW AMCW4T 0.5000 112.92 TOTAL 5112.92 Trades Executed Pending Settlement SETTLEMENT TRADE DATE DATE TRANSACTON DESCRIPTION 12/01/03 11/25'03 SOLD STME10..CuS.P OVANTIre PRCE DEBIT AMOUNT CRECIT AMOUNT AMERICAN INTERNATIONAL GROUP AIG .25.000.00 57.4500 1,428,087.56 INC UNSOLICITED AS OF 11/25/03 12/01/03 11/25103 SOLD BANK OF AMER CORP BAC .40.000.00 74.8254 2,976,864.73 AVG PRICE %OWN-DETAILS ON REO ACTUAL CCAFIRM TO YOUR AGENT UNSOLICITED 027 17,200309:04 001 Y818 EFTA00197784 CLEARED WM/GM RS WHOLLY OWNED SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 8 c/1 Trades Executed Pending Settlement (continued) INSTITUTIONAL INTERESTS A/C #2 STATEMENT PERIOD Novemter 1.2003 THROUGH Novernter 28.2003 ACCOUNT NUMBER TAXPAYER WEISER On PIM LAST STATEMENT October 31.2003 SETTLEMENT DATE TRADE DATE TRANSACTION DESCRIPTION STMEIOUCUSIP OwiTin PRCE DEMI AMOUNT CREPT AMOUNT 12/01/03 11/25/03 SOLD CITIGROUP INC C -27,375.00 46.8701 1.275.478.72 AVG PRICE SHOWN-DETAILS ON REO ACTUAL CCAFIRM TO YOUR AGENT UNSOLICITED SEE NOTE 5' ON BACK 12/01/03 11/25/03 SOLD FREDDIE MAC-VOTING COMMON FRE -30.000.00 54.7427 1.632.899.05 (FORMERLY FEDERAL HOME LOAN MORTGAGE CORP) AVG PRICE SHOWN-DETAILS ON REO ACTUAL COtfIRM TO YOUR AGENT UNSOLICITED 12/01/03 11/25/03 SOLD FANNIE MAE FNM .5.000.00 69.5500 345.685.25 (FEDERAL NAIL MTG ASSN) UNSOLICITED 12/01/03 11/25/03 SOLD INTERNATIONAL BUSINESS IBM .20.000.00 89.5320 1.781.111.76 MACHINES CORP AVG PRICE SHOWN-DETAILS ON REG ACTUAL CCtFIRM TO YOUR AGENT UNSOLICITED 12/01/03 11/25/03 SOLD JOHNSON& JOHNSON JNJ -60.000.00 50.8640 3,034,341.12 AVG PRICE SHOWN-DETAILS ON REG ACTUAL CaFIRM TO YOUR AGENT UNSOLICITED 12/01/03 11/25/03 SOLD MBNA CORP KRB -100G00.00 24.1996 2.403.223.60 AVG PRICE SHOWN-DETAILS ON REO ACTUAL CCtfIRM TO YOUR AGENT UNSOLICITED 12/01/03 11/25103 SOLD PFIZER INC PFE .75.000.00 33.4013 2.489.313.66 WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE AVG PRICE SIOWNZETAILS ON REO ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED 027 11F2S030):04 001 Y818 EFTA00197785 CLEARED THROWN ITS YAICtLY OWED SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 9 c/1 Trades Executed Pending Settlement (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION 12/01/03 11/25/03 SOLD PROCTER 8 GAMBLE CO AVG PRICE SHOWN-DETAILS ON REO ACTUAL COAFIRM TO YOUR AGENT UNSOLICITED SEE NOTE 5' ON BACK 12/01/03 11/25/03 SOLD TIME WARNER INC NEW UNSOLICITED TOTAL The acne Vida 63 not xpeat in erg other section of the statement. End of Statement INSTITUTIONAL INTERESTS A/C #2 STATEMENT PERI:30 Novemter 1.2003 THROUGH Novernter 28.2003 ACCOUNT NUMBER TAXPAYER NUMBER 011 file LAST STATEMENT WOW 31.2003 SYMBOLCUSIP GUMMY NBC( DEBIT AMOUNT CREDIT (0.10UNT PG -25,000.00 96.9260 2.410.434.82 TWX -100,000.00 16.0800 1.595.009.31 $0.00 $21,372.449.58 027 11/2903:00:04 001 Y818 EFTA00197786 CLEARED THROWN ITS WHOLLY OVMED SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT S m ear. Stearns & Co. Inc. ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE GREENBERGALAN C. uearsteams.cem What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 5 Fund Activity 6 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD NET CREDIT BALANCE MONEY MARKET FUND BALANCE 21,172,075 328,765 112,926 NET EQUITY This PERIOD $21,613,766 NET EQUITY LAST STATEMENT 20,934,613 CHANGE SINCE LAST STATEMENT 679,153 There are no 'Stop Loss' orders or other pending buy or sell open orders on tile for your account. I I 1 II II I II I I I INSTITUTIONAL INTERESTS AiC #2 CIO FINANCIAL TRUST COMPANY ATTN LARRY KEMP 6100 RED HOOK QUARTER SUITE B-3 ST THOMAS VI 00802 Market Value of Your Portfolio $441.691 Cash Equvalent 3206.627 Noma tomi ant diNconco Of 110,1104010 01 CMOS at ILNItS. -rldt4/04 e. ClaNtrOd ID C110111 Santora al 930614.109. Ca vem b CLOT. Sorvl:os at 8114•. &tura Sawn*. Ofoo42),.. NY 112014,49 Equities — Current market value ME Last statements market Sue $21.172,075 $20,728.086 INSTITUTIONAL INTERESTS NC #2 STATEMENT PER100 OCtOter 1.2003 THROUGH October 31.2003 ACCOUNT NUMBER TAXPAYER AMBER On FIN LAST STATEMENT Septenter 30.2003 *C TM NomMTY Is la ITTOTRIANMAI screens any lista Melded at doom." Tres =timers should bantams for your records Soo revers* coda replan neconatom 027 11,01G3:14:02 001 Ye IS EFTA00197787 CLEARED IHROU311 ITS MOLY OWED SUBSIDIARY INSTITUTIONAL INTERESTS NC #2 2 01 7 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 11)01MS:14:02 001 YSIS EFTA00197788 CLEARED IHRCUGH ITS valCyl.Y ORT,E0 SORG/Ally B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 3 Cash Flow Analysis THIS VEN00 Income Summary 71.IS PEN® YEAR TO DATE Opening Balance $93.684.50 Dividends 10.084.27 261,982.37 Credit Balance Int. 39.17 6,152.50 Securities Sold 974,146.37 Total $10,123.44 $268,134.87 Money Fund 84.27 Dividends/Interest 10,039.17 Amount Credited $984,269.81 Portfolio Composition Securities Bought -749.105.41 Cashtash Equivalent 441.691 Money Fund -84.27 Equities 21.172.075 Amount Debited $-749.189.68 Total 521.613.766 Net Cash Activity 235.080.13 Closing Balance $328,764.63 Cash Balance Summary OPINING GLORY:3 Cash 93,684.50 328.764.63 Net Cash Balance $93,684.50 $328.764.63 Beer Sewn # INSTITUTIONAL INTERESTS AC #2 STATEMENT PER100 October 1.2003 THROUGH OCto0er 31.2003 ACCCUNT NUMBER TAXPAYER KAISER 011 File LAST STATEMENT September 30.2003 Your Portfolio Allocation Cash St EcNivalent 2% — Equines 98% Unshaded editions den* debt krtsnce an5v OM menet yews The alocabs percenwo is OnYsed Korn to absolute market value oil syv mem 027 1hObMS:1d:02 001 V818 EFTA00197789 CLEARED THROUGH NS WHOLLY OWNED SUBSIDIARY B STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 4 c, INSTITUTIONAL INTERESTS A/C #2 STATEMENT PER100 October 1.2003 Your Portfolio Holdings THROUGH ACCOUNT NUMBER October 31.2003 CASH & CASH EQUIVALENTS TAXPAYER AMBER On File LAST STATEMENT Septenter 30.2003 MARXE7 ESTIMATED CURRENT DESCRIPTION SIMBOLCUSIP OLIANDTY PRICE VALUE MNUIL WOW YELON CASH BALANCE 328.765 BEAR STEARNS PRIME MONEY BSIA>CL 112,926.19 1.0000 112,926 1,028 0.9103 MARKET PORTFOLIO Cl. Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS $441,691 $1,028 EQUITIES Equities & Options ACCT MARKET ESTIMATED CURRENT DESCReTION SYNISOL'CUSIP iVPE gµNTITY PRCE VALLE ANNUAL INCOIAE YRD AMERICAN INTERNATIONAL GROUP AIG CASH 25.000 60.8300 1,520,750 6,500 0.4274 INC BANK OF AMER CORP BAC CASH 40.000 75.7300 3.029.200 128,000 4.2255 CITIGROUP INC C CASH 27.375 47.4000 1.297.575 38,325 2.9536 FREDDIE MAC-VOTING COMMON FRE CASH 30.000 56.1300 1.683.900 31,200 1.8528 (FORMERLY FEDERAL HOME LOAN MORTGAGE CORP) INTERNATIONAL BUSINESS IBM CASH 20.000 89.4800 1.789.600 12.800 0.7152 MACHINES CORP JOHNSON& JOHNSON JNJ CASH 60.000 50.3300 3,019.800 57.600 1.9074 MBNA CORP NAB CASH 100.000 24.7500 2.475.000 40.000 1.6162 PFIZER INC PFE CASH 75.000 31.6000 2.370.000 45.000 1.8987 PROCTER & GAMBLE CO PG CASH 25.000 98.2900 2.457.250 45.500 1.8517 027 11,01.03:14:02 001 yam EFTA00197790 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 5 Your Portfolio Holdings (continued) Equities & Options (continued) ACCT MARKET ESTIMATED CURFEW DESORPTION SYMBOUDISIP TOE OLIANTITY PRCE VALUE ANNUAL NCOIAE YEID IV TIME WARNER INC TWX CASH 100,000 15.2900 1.529.000 NEW Total Equities& Options $21.172.075 $404.925 TOTAL EQUITIES $21.172.075 $404.925 YOUR TOTAL ESTIMATED ANNUAL INCOME $405.953 YOUR PRICED PORTFOLIOHOLDINGS $21.613.766 Transaction Detail INVESTMENT ACTIVITY INSTITUTIONAL INTERESTS Ate #2 STATEMENT PERIOD October 1.2003 THROUGH October 31.2003 ACCOUNT NUMBER TAXPAYER AMBER OR File LAST STATEMENT *TIMM 30.2003 SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION STIABOLGUSP CLANTIT, PRCE DEBIT AMOUNT GRECO AT/OUNT 10/16/03 NAME CHG AOL TIME WARNER INC 00184A105 •100.000 AOI T234 T0T007117 Nit TIME WARNER NC 10/16/03 NAME CHG TIME WARNER INC NEW T007117 FROM A011234 NC TIME WARNER NC TWX 100.000 1027/03 10122/03 SOLD E I DUPONT DE NEMOURS 8 CO DD 25.000 39.20820 974.146.37 AVG PACE SHOWN-DETAILS ON REO ACTUAL CONFIRM TO YOUR AGENT DISCRETIONARY ORDER 027 11)01MS:14:02 001 111118 EFTA00197791 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY B STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 6 c, Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACTION 10/30/03 10/27/03 BOUGHT OESCRETION BANK OF AMER CORP AVG PRICE SHOWN-DETAILS ON REO ACTUAL CONFIRM TO YOUR AGENT DISCRETIONARY ORDER INSTITUTIONAL INTERESTS A/C #2 STATEMENT PER100 00106N 1.2003 THROUGH October 31.2003 ACCCUNT NUMBER TAXPAYER KAMER en Flle LAST STATEMENT September 30.2003 SYMBOLICUSP OU4NTITY PRCE DEBIT AMOUNT COED, PAXter BAG 10.000 74.49740 749.105.41 TOTAL $-749.105.41 $974.146.37 MONEY FUND ACTIVITY DATE MOVAT TRANSACTION DESCRIPTON SYMBX/CUSIP GUMMY PFCE Can AMOUNT OREM, MAC(1141 10/01/03 OPENINGBALANCE 112.841.92 10/01/03 DIVIDEND BEAR STEARNS PRIME MONEY 13SMX% 84.27 MARKET PORTFOLIO CL Y RECORD 09/30103 PAY 0930/03 10/01/03 REINVEST BEAR STEARNS PRIME MONEY 8SMXX 84.27 84.27 MARKET PORTFOLIO CL Y REINVEST PRICE $ 1,00 10/31/03 CLOSINGBALANCE 112.926.19 TOTAL $-84.27 $84.27 027 11.0MS:lit:CO 001 WITS EFTA00197792 CLEARED WM/GM ITS WHOLLY OWNED SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 7 c/ Transaction Detail (continued) DIVIDENDS DAE DESCPCTION SYMBOL CUSIP 10/01:03 1013NA CORP KRB REG 0915,03 PAY 1001:03 CcANTiTy RATE {ST 100.000 0.1000 DEBIT AMOUN' INSTITUTIONAL INTERESTS WC #2 STATEMENT PER100 October 1.2003 THROUGH October 31.2003 ACCOUNT NUMBER TAXPAYER NURSER On FIk LAST STATEMENT Septemtter 30.2003 CREDIT AMOUNT 10.000.00 TOTAL $10,000.00 INTEREST DATE DESCRIPTION 10/21/03 INTEREST ON CREDIT BALANCE AT 0 1/2% 09/21 THRU 10/20 SYMEICLeCUSIP DUMMY RATE 1Y4 CENT AMOUNT DIEM AMOUNT 0.5000 39.17 TOTAL $39.17 End of Statement 027 11/01/03:14:02 001 Y818 EFTA00197793 CLEARED THROUGH ITS YilICIAY OWNED SUBSIDIARY BMR STMRNS OFFICE SERVICING YOUR ACCOUNT S m ear. Stearns & Co. Inc. ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE 34i-LENBERG.N_AN C. alA% uearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 5 Fund Activity 5 Your Messages 8 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD NET CREDIT BALANCE MONEY MARKET FUND BALANCE 20.728.086 93.685 112.842 NET won THIS PERIOD $20.934.613 NET Kieft LAST STATEMENT 20,913.103 CHANGE SINCE LAST STATEMENT 21.509 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. lllllllllllllllll I I INSTITUTIONAL INTERESTS A/C #2 CIO FINANCIAL TRUST COMPANY ATTN LARRY KEMP 6100 RED HOOK QUARTER SUITE B-3 ST THOMAS VI 00802 Market Value of Your Portfolio Cash s Eq.k., —I $206.527 g $135.397 Equities — Mom* reed any cliTerorco ce ter./KoBc of [hoes or slacks. edealal Y. &Pero" lo >cu. Chenl Sonic.: al BC06.14-I429' ct swco lo Clore SoNUos at Boar. Swarm SocuMos CaP BrooIlyn NY tizoisev. MI Current market value MOE Last statement's market value $20.728.086 $20.777.706 m Ot INSTITUTIONAL INTERESTS Art #2 STATEMENT PER100 August 30.2003 THROUGH September 30.2003 ACCOUNT NUMBER TAXPAYER MAWR On file LAST STATEMENT August 29.2003 Se Tin Pawning a resonnole popes« otitis rat «ended as a tat doweled Iles statement shoed be referred for your records See reverse see for mean edonnese 027 1001,03:11:21 001 Important Message Bear Stearns is pleased to announce our conversion to a calendar month end statement. Effective this month, your account statement reflects ail activity and account valuation up to and including the last business day of the month. Val EFTA00197794 CLEARED IHROU311 ITS MOLY ORNED SUBSIDIARY INSTITUTIONAL INTERESTS NC #2 2 01 9 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 10131.'03:11:21 001 YBIS EFTA00197795 CLEARED IHRCUGH ITS wisCyLY ORY*0 SORG/Ally B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 3 Cash Flow Analysis Income Summary THIS PEFICO PC PERIOD YEAR TO DATE Opening Balance $22.643.20 Dividends 71.112.79 251,898.10 Credit Balance Int. 16.30 6.113.33 Money Fund 87.79 Total $71,129.09 $258.011.43 Dividends/Interest 71,041.30 Amount Credited 971.129.09 Money Fund -87.79 Portfolio Composition Amount Debited $-87.79 Cashtash Equivalent 206,527 Net Cash Activity 71.041.30 Equities 20.728.086 Closing Balance $93.684.50 Total $20,934,613 Cash Balance Summary OPENS* CLOSING Cash 22,643.20 93.684.50 Net Cash Balance $22,643.20 $93.684.50 027 latIF03:11:21 001 Bear Hewn # INSTITUTIONAL INTERESTS NC #2 STATEMENT PERM. August 30,2003 THROUGH Septeinter 30.2003 ACCCUNT NUMBER TAXPAYER NURSER 011 File LAST STATEMENT August 29.2003 Your Portfolio Allocation Cash & Equaalent - • <1% l— Equities 99% UnsPaRRI potions deoole debt Wane" an5Y OM market yams The alocabon serer:yr is clewed Korn to absolute market Vale 01 KtR rode+, VS13 EFTA00197796 CLEARED THsouGH ITS y/10.1.? OHY*0 SUBS:OWN B STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 4 Beef Sown INSTITUTIONAL INTERESTS Ate #2 STATEMENT PERK* August 30,2003 THROUGH Septelnter 30.2003 Your Portfolio Holdings ACCCUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER MANGER On File LAST STATEMENT August 29.2003 NARKEI ESTIMATED CURREN/1 DESCRIPTION SIMBOL,CuSIP QUANTITY PRICE VALUE MNUIL INCONE YELO DA/ CASH BALANCE 93,685 BEAR STEARNS PRIME MONEY BSA0C( 112,841.92 1.0000 112,842 1,016 0.9004 MARKET PORTFOLIO CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS $206.527 $1,016 EQUITIES Equities & Options ACCT IMAKET ESTIMATED CURRENT DEscereoN SYMBOLCOW PPE awn NICE SAME MUNN. NCOME YEW ACC TIME WARNER INC AOL CASH 100,000 15.1100 1.511.000 AMERICAN INTERNATIONAL GROUP AIG CASH 25,000 57.7000 1.442.500 6,500 0.4506 INC BANK OF AMER CORP BAC CASH 30,000 78.0400 2.341.200 96,000 4.1005 CITIGROUP INC C CASH 27,375 45.5100 1.245.836 38.325 3.0762 E I DU PONT DE NEMOURS & CO DD CASH 25.000 40.0100 1.000.250 35.000 3.4991 FREDDIE MAC-VOTING COMMON FRE CASH 30.000 52.3500 1.570.500 31.200 1.9866 (FORMERLY FEDERAL HOME LOAN MORTGAGE CORP) INTERNATIONAL BUSINESS IBM CASH 20.000 88.3300 1.766.600 12,800 0.7246 MACHINES CORP JOHNSON& JOHNSON JNJ CASH 60.000 49.5200 2.971.200 57.600 1.9386 MBNA CORP KRB CASH 100.000 22.8000 2.280.000 40.000 1.7544 027 100103:11:21 001 Y813 EFTA00197797 B STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 5 0 CLEARED THROUGH DS WHOLLY OwNED SUBSIDIARY KM& INSTITUTIONAL INTERESTS AC #2 STATEMENT PERK* August 30.2003 THROUGH Septeonter 30.2003 Your Portfolio Holdings (continued) ACCOUNT NUMBER TAXPAYER NURSER On File LAST STATEMENT August 29.2003 Equities & Options (continued) ACC! MARKET ESTS1479) CURRENT DESCRPTION 51M00ODJSIP TrPS MIAOW PRCE VALLE ANMJAL WOK VELD PFIZER INC PFE CASH 75,000 30.3800 2.278.500 45,000 1.9750 PROCTER & GAMBLE CO PG CASH 25,000 92.8200 2.320.500 45.500 1.9608 Total Equities& Options $20.728.086 $407.925 TOTAL EQUITIES $20.728.086 $407.925 YOUR TOTAL ESTIMATED ANNUAL INCOME $408.941 YOUR PRICEDPORTFOLIOHOLDINGS 520.934.613 Transaction Detail MONEY FUND ACTIVITY DATE MCOAY TRVISACTIEN DESCRIPTION 08/30/03 OPENINGBALANCE SYMEWCUSIP OUMRITY MCC COB AMOUNT CREDIT AMOUNT 112,754.13 09/02/03 DIVIDEND BEAR STEARNS PRIME MONEY BSPAXX 87.79 MARKET PORTFOLIO CL RECORD 08,29103 PAY 08129/03 09/02/03 REINVEST BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL REINVEST PRICE $ 1,00 BSMXX 87.79 87.79 027 1001,03:11:21 O01 .813 EFTA00197798 CLEARED THROUGH ITS ValCtLY OWED SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 6 T/ Transaction Detail (continued) MONEY FUND ACTIVITY (continued) DATE MODAY TRANSACTION DESCRIPTION STIABOUCINIP INSTITUTIONAL INTERESTS Ate #2 STATEMENT PERM. August 30,2003 THROUGH Septeonter 30.2003 ACCOUNT NUMBER TAXPAYER MAKER On He LAST STATEMENT August 29.2003 OWING PACE DEBIT AMOUNT CREDIT AMOUNT 09/30/03 CLOSINGBALANCE 112.1341.92 TOTAL $.87.79 $87.79 DIVIDENDS DATE OESCRIPTEN STIABOUCuStP OUANTITY RATE IN DEW AAIOUT CREDIT AMOUNT 09/04/03 PFIZER INC PFE 75.000 0.1500 11,250.00 REC 0811 903 PAY 09)04103 09/09/03 JOHNSON& JOHNSON JNJ 60.000 0.2400 14,400.00 REC 0811903 PAY 09/09103 09/10/03 INTERNATIONAL. BUSINESS IBM 20.000 0.1600 3.200.00 MACHINES CORP REC 08408+03 PAY 0911CV03 09/12;03 E I DUPONT DE NEMOURS 8 CO DO 25.000 0.3500 8,750.00 REC 08/I5+03 PAY 09/1203 09/19/03 AMERICAN INTERNATIONAL GROUP AIG 25.000 0.0650 1,625.00 INC REC 0910S+03 PAY 09/1903 09/26/03 BANK OF AMER CORP BAC 30.000 0.8000 24.000.00 REC 09/0S+03 PAY 09/26/03 09/30/03 FREDDIE MAC-VOTING COMMON FRE 30.000 0.2600 7.800.00 (FORMERLY FEDERAL HOME LOAN MORTGAGE CORP) REC 091 903 PAY 0913003 TOTAL $71.025.00 027 10101I03:11:21 001 V813 EFTA00197799 CLEARED THROUGH ITS WHOLLY 01VNED SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 7 01 Transaction Detail (continued) INTEREST DATE DESCPINION 09.22/03 INTEREST ON CREDIT BALANCE AT 0 1,2% 08,21 THRU 09:20 STMEKLDVSIP OcANINV RATE l%) 0.5000 CENT AMOUNT INSTITUTIONAL INTERESTS NC #2 STATEMENT PERK* August 30,2003 THROUGH Septeonter 30.2003 ACCOUNT NUMBER TAXPAYER NANCE On File LAST STATEMENT August 29.2003 CREW AMOUNT 16.30 TOTAL $16.30 027 ICUONO3:11:21 001 Ye I3 EFTA00197800 CLEARED THROUGH ITS WHOLLY CILWE0 SUBSOIAITY B STUR URNS OFFICE SERVICING YOUR ACCOUNT S m ear. Steams 8 Co. Inc. 8 c/ Your messages Ear Bear, Stearns Securities Corp. Net Capital and Net Capital Requirements: At May 31, 2003 and July 31. 2003. the Company's net capital of approximately $2.4 billion and $3.0 billion was approximately 6% and 7% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $799,5 million and $904.4 million by approximately $1.6 billion and $2.1 billion, all respectively. A complete copy of the Bear. Stearns Securities Corp, Statement of Financial Condition is available on the web site www.bearsteams.com. Altematively, to request a free printed copy please call - toll free 1.666-299.9331. „0 nt INSTITUTIONAL INTERESTS MC #2 STATEMENT PERGO August 30.2003 THROUGH Sweater 30.2003 ACCOLNT NUMBER TAXPAYER NUSISER On File LAST STATEMENT August 29.2003 Securities and other assets in your account are the firm's collateral for any margin loan made to you, If the securities and other assets in your account decline in value, so does the value of the collateral supporting your loan, and. as a result, the firm can take action, such as issue a margin call and/or sell securities or other assets in any of your accounts held with the member, in order to maintain the required equity in the account It is important that you fully understand the risks involved in trading securities on margin. These risks include the following: 027 You can lose more funds than you deposit in the margin account. The firm can force the sale of securities or other assets in you account(s), The firm can sell your securities or other assets without contacting you. You are not entitled to choose which securities or other assets in your account(s) are liquidated or sold to meet a margin call. The firm can increase its 'house" maintenance margin requirements at any time and is not required to provide you advance written notice. You are not entitled to an extension of time on a margin call. 1001.03:1 T:21 001 YEI3 EFTA00197801 CLEARED THRouGH ITS wpCyLY 0‘‘Y*0 SUBSIDally B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 9 This statement is provided to explain Bear, Steams & Co, Ina (BSC') payment for order flow practices. BSC routes a majority of orders for customer securities transactions to the primary market for such securities, Orders may also be routed to other market service vendors that assure executions pursuant to complex mathematical formulas at better than the national best bid or best offer (NBB0). BSC receives no cash payment or other consideration for such order routing other than favorable executions or executions of limit orders at no additional charge. End of Statement fige Beer Sown INSTITUTIONAL INTERESTS AC #2 STATEMENT PERM. August 30.2003 THROUGH Septeonter 30.2003 ACCOUNT NUMBER TAXPAYER MAWR On File LAST STATEMENT August 29.2003 Pursuant to SEC Rule 11Ac1.6, please note the following: Bear. Steams & Co. Inc. will post its quarterly routing statistics at the following web link: http://wvm,bearsteams,comf, Click on Individual Investor. Click on Equities, Click on Order Routing Practices. Customers of Bear, Steams & Co, Inc, may request information on any order executed within the prior six months from the time of the request. Specifically, you may request the identity of the venue to which the identified orders were routed for execution, whether the order was directed by you to that venue, and the time of the executions, if any, that resulted from such orders. 027 ICU01103:11:21 001 Y013 EFTA00197802 CLEARED THROLGH ITS Y/11CO.Y OMNE0 SUBSIDIARY BMR STMRNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE 3RE.,ENBERG,ALAN O. eimv.oearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 5 Fund Activity 5 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD NET CREDIT BALANCE MONEY MARKET FUND BALANCE 20,777,706 22,643 112,754 NET EQUITY THIS PERIOD $20,913,103 NET EQUITY LAST STATEMENT 21,483,942 CHANGE SINCE LAST STATEMENT -570,839 There are no 'Stop Loss' orders or other pending buy or sell open orders on tile for your account. 1111,111111111111 I I INSTITUTIONAL INTERESTS NC a2 CIO FINANCIAL TRUST COMPANY ATTN LARRY KEMP 6100 RED HOOK QUARTER SUITE B-3 ST THOMAS VI 00802 Market Value of Your Portfolio Cash S Equvalent 4 $135.397 g $114.233 Equities Roza Awn ant Marco a n:RoNcsa of crocks Cl *Wks. -rtakalad e. 601•004 0 p0i. b CANN SONC6.1 al B:10614.109. ct nue to Clan: S4NI:os at Boa,. &Ruiz Socullor. Bcook/p, NY II2014,49 $20.777.706 $21.369.709 Current market vote am Last statements market value MN& INSTITUTIONAL INTERESTS NC #2 STATEMENT PEF000 July 26.2003 THROUGH August 29.2003 ACCOUNT NUMBER TAXPAYER NUMBER CR File LAST STATEMENT July 25. 2003 St TM marsoN a la RRITITM0CRBI prams oriy a k roXestoded &salami:loons Ths staternsro should Ds Maned for your records Sou revers* ode for nods,* ricemasue 027 053003:13:45 001 Important Message Bear Steams is pleased to announce our conversion to a calendar month-end statement. Effective September 2003.your account statement will reflect all activity and account valuation up to and including the last business day of the month. MBI2 EFTA00197803 CLEARED DIROIA311 11S MOLY ORI.JED SUBSIDIARY INSTITUTIONAL INTERESTS NC #2 2 of e STATEMENT BACKER IS PRINTED ON THIS PAGE 027 08,30,03:13:45 001 YS12 EFTA00197804 CLEARED THROUGH ITS wisCtLY OM ED SUOSIOally B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 3 Cash Flow Analysis THIS PERIOD Income Summary MsS PEW° YEAR TO DATE Opening Balance $1.685.28 Dividends 21.162.44 180,785.31 Credit Balance Int. 1.67 6.097.03 Money Fund 206.19 Total $21,164.11 $186.882.34 Dividends/Interest 20,957.92 Amount Credited $21,164.11 Money Fund -206.19 Portfolio Composition Amount Debited $-206.19 CashiCash Equivalent 135,397 Net Cash Activity 20,957.92 Equities 20.777,706 ClosingBatance $22.643.20 Total $20.913,103 Cash Balance Summary OPERNO CLOSING Cash 1.685.28 22.64120 Net Cash Balance $1.685.28 $22.643.20 07/ 0830,03:13:45 001 Beer Stern INSTITUTIONAL INTERESTS NC #2 STATEMENT PERIOO Jul/ 26.2003 THROUGH August 29.2003 ACCOUNT NUMBER TAXPAYER KISSER On File LAST STATEMENT July 25. 2003 Your Portfolio Allocation Cash 8 Equivalent - • <1% I— Equities 99% unOv0a0 pactions 0m* debt bertsno, an5Y Or, market vacs. TST alocalx.n percemor is Oe•ue0 Korn th, absolute marital Vale 01 )vv YS12 EFTA00197805 B STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 4 CLEARED TITROuGH ITS YTHCO.II OM E0 SUTISIOallY Beef &Ter !it INSTITUTIONAL INTERESTS Ate #2 STATEMENT PERK* Jul/ 26.2003 Your Portfolio Holdings THROUGH ACCOUNT NUMBER August 29.2003 CASH & CASH EQUIVALENTS TAXPAYER AMBER On File LAST sTATEmENT .hat 25.2003 MOW ESTIMATED CURRENT DESCRIPTION SIMSOL,CuSIP DUANTITY PRICE VALUE MNUIL WOW YELO CASH BALANCE 22,643 BEAR STEARNS PRIME MONEY BSA0C( 112,754.13 1.0000 112,754 1,026 0.9099 MARKET PORTFOLIO CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS $135,397 $1,026 EQUITIES Equities & Options ACCT MARKET ESTIMATED CURRENT DEscmnioN SYMBOL COW PPE awn NICE VALLE ANATOL INCOME YEW ACC TIME WARNER INC AOL CASH 100,000 16.3600 1.636.000 AMERICAN INTERNATIONAL GROUP AIG CASH 25,000 59.5700 1.489.250 6,500 0.4365 INC BANK OF AMER CORP BAC CASH 30,000 79.2500 2.377.500 96,000 4.0379 CITIGROUP INC C CASH 27,375 43.3500 1.186.706 38.325 3.2295 E I DU PONT DE NEMOURS & CO DD CASH 25.000 44.7400 1.118.500 35.000 3.1292 FREDDIE MAC-VOTING COMMON FRE CASH 30.000 53.1500 1.594.500 31.200 1.9567 (FORMERLY FEDERAL HOME LOAN MORTGAGE CORP) INTERNATIONAL BUSINESS IBM CASH 20.000 82.0100 1.640.200 12,800 0.7804 MACHINES CORP JOHNSON& JOHNSON JNJ CASH 60.000 49.5800 2.974.800 57.600 1.9363 MBNA CORP KRB CASH 100.000 23.3400 2.334.000 40.000 1.7138 027 W3003:13:45 001 11512 EFTA00197806 CLEARED THROUGH DS WHOLLY OwNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 5 c/ Your Portfolio Holdings (continued) Equities & Options (continued) ACC! MARKET ESTM479) CURFEW DESERPTION SIMBOUCuSIP TrPS °WRITE PACE VALLE ANNUAL /COME van N PFIZER INC PFE CASH 75,000 29.92OO 2.244.OOO 45,OOO 2.OO53 PROCTER 8 GAMBLE CO Total Equities& Options $2O.777.7O6 $407,925 PG CASH 25,000 87.29OO 2.182.25O 45.5OO 2.O85O TOTAL EQUITIES $20.777.706 $407,925 YOUR TOTAL ESTIMATED ANNUAL INCOME $408.951 YOUR PRICEDPORTFOLIOHOLDINGS 52O.913.1O3 Transaction Detail MONEY FUND ACTIVITY DATE WOW TRANSACTIEN DESCRIPTION 07/26/03 OPENINGBALANCE INSTITUTIONAL INTERESTS AC #2 STATEMENT PERK* Jul/ 26.2003 THROUGH August 29.2003 Acccusii NUMBER TAXPAYER KINSER OR File LAST STATEMENT Jul/ 25. 2003 SYMSOUCLSIP PACE SEM AMOUNT CREDIT AMOUNT 112,547.94 08/01/03 DIVIDEND BEAR STEARNS PRIME MONEY BSMXX 2O6.19 MARKET PORTFOLIO CL Y RECORD 07/31103 PAY 07131/03 08/01/03 REINVEST BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y REINVEST PRICE $ 1,00 BSMXX 2O6.19 2O6.19 027 083003:13:45 00, •:1112 EFTA00197807 CLEARED THROUGH ITS yolOyty CH1760 SODOMY', B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 6 Transaction Detail (continued) MONEY FUND ACTIVITY (continued) DATE MCVDAT TRANSACTION DESCRIPTION STMEC1AUSIP Beer Srewn INSTITUTIONAL INTERESTS Ate #2 STATEMENT PERIOD Jul/ 26.2003 THROUGH August 29.2003 ACCOUNT NUMBER TAXPAYER MAKER On File LAST STATEMENT JuD 25. 2003 °OWN PRCE DEBIT AMOUNT CREDIT AMOUNT 08/29M3 CLOSINGBALANCE 112,754.13 TOTAL $-206.19 $206.19 DIVIDENDS DESCRIPTOR 08;15103 PROCTER 8 GAMBLE CO REC 07/I 8/03 PAY 08/15/03 SOJECLOUSIP OUNJTITT RATE ip CEBU AMOtpr CREDIT AMOUNT PG 25.000 0.4550 11,375.00 08/22/03 CITIGROLIP INC C 27,375 0.3500 9,581.25 REC 08434103 PAY 08/22/03 TOTAL $20,956.25 INTEREST DATE DESORPTION 08/21/03 INTEREST ON CREDIT BALANCE 0.5000 AT 0 1/2% 07/21 THRU 08/20 TOTAL STMEICIJOUSIP °WARM! RATE IY4 DEBT AMOUNT CREDIT AMOUNT 1.67 $1.67 027 DIP30033:13:45 001 $T2 EFTA00197808 CLEARED 1HRCUGH ITS vmOUv CIMT,E0 SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT S m ear. Stearns & Co. Inc. I to at INSTITUTIONAL INTERESTS MC #2 ACCOUNT EXECUTIVE GREENBERG.AUkN C. STATEMENT PERKI0 June 28.2003 TELEPHOPE THROUGH Jut/ 25.2003 VISIT OUR WEBSITE 67A% uearsteams.com ACCOUNT NUMBER What's In This Statement 11111111111111111 I I TAXPAYER 14.1118ER On FIN LAST STATEMENT June 27.2003 Financial Summary 3 INSTITUTIONAL INTERESTS A/C #2 Your Portfolio Holdings 4 CIO FINANCIAL TRUST COMPANY ATTN LARRY KEMP Transaction Detail 5 6100 RED HOOK QUARTER Fund Activity 6 SUITE B-3 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD NET CREDIT BALANCE MONEY MARKET FUND BALANCE 21.369.709 1.685 112.548 NET EQUITY THIS PERIOD $21.483.942 NET MUM' LAST STATEMENT 20.909.370 CHANGE SINCE LAST STATEMENT 574.572 There are no 'Stop Lose orders or other pending buy or sell open orders on file for your account. ST THOMAS VI 00802 Market Value of Your Portfolio Cash 8, &w ow! $114.233 $633.621 Equities Roza repot, any [inform a riantomig of crocks or sIod. InOcaIod z dolicocool to pm. n uKnl Sonic.: N SC06341429' a %ow lo ChM Santos a Bow. Steam &canes Ono Cnoonn. N.Y I120141752 $21.369.709 $20.275.749 Current market value in Last statement's market value t T/M asTRIENN lot 0120, 7170, 71 poem 11 Is ra INORCIOd maw downed 1ln ;calmer., NNW Et remota. your records Sn worn S. f r inNINIatt rdormaton 027 07/2603:10:33 001 Yell EFTA00197809 CLEARED IHROU311 ITS MOLY ORNED SUBSIDIARY INSTITUTIONAL INTERESTS NC #2 2 of STATEMENT BACKER IS PRINTED ON THIS PAGE 021 074601:10:12 001 YS11 EFTA00197810 CLEARED THROUGH ITS WHOLLY OUBJED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 3 c. Cash Flow Analysis THIS PERIOD Cash Balance Summary CPE,N5 CLOSNG Opening Balance $21.629.88 Cash 21.629.88 1,685.28 Money Fund 500.556.95 Net Cash Balance $21.629.88 $1.685.28 Ditridendsrinterest 13.205.15 Amount Credited $513.762.10 Securities Bought -533.149.75 Income Summary INS PERtO TEAR IODATE Money Fund -556.95 Dividends 13.756.95 159,622.87 Amount Debited $-533.706.70 Credit Balance Int. 5.15 6,095.36 Nel Cash Activity -19.944.60 Total $13,762.10 $165.718.23 Closing Balance $1.685.28 Portfolio Composition CashCash Equivalent 114.233 Equities 21.369.709 Total $21.483.942 027 074601:10:12 001 f. INSTITUTIONAL INTERESTS AC #2 STATEMENT PERIOD June 28.2003 THROUGH Jul/ 25.2003 ACCOUNT NUMBER TAXPAYER NMSER OII File LAST STATEMENT June 27.2003 Your Portfolio Allocation Cash & Equnalem • <1% I— Equities 99% UnsPadatl potions deo* debt Intone* emit, ;hal market vacs. he almabon perceenne is clewed Korn te absolute marital value of w pude+, Yell EFTA00197811 B STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 4 CLEARED THRouGH ITS valOrl OM E0 SUEISIOAllv Beef Sown INSTITUTIONAL INTERESTS Ate #2 STATEMENT PERIOD June 28.2003 Your Portfolio Holdings THROUGH ACCOUNT NUMBER Ault 25.2003 CASH & CASH EQUIVALENTS TAXPAYER MASSER On FIk LAST STATEMENT June 27.2003 MARKET ESTIMATED CURRENT DESCRIPTION SIMBOLCUSIP OLIANDTY PRICE VALUE MNUAL WOW YELOO4 CASH BALANCE 1.685 BEAR STEARNS PRIME MONEY BSMA 112,547.94 1.0000 112.548 1.035 0.9196 MARKET PORTFOLIO CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS $114,233 $1.035 EQUITIES Equities & Options ACCT MARKET ESTIMATED CURRENT ',Esculent:pH SYMBOL CAMP nn awn PRCE VALUE ANNUAL INCOME YEW 1 ACC TIME WARNER INC AOL CASH 100,000 15.3200 1.532.000 AMERICAN INTERNATIONAL GROUP AIG CASH 25,000 64.6500 1.616.250 6,500 0.4022 INC BANK OF AMER CORP BAC CASH 30,000 83.5300 2.505.900 96,000 3.8310 CITIGROUP INC C CASH 27,375 45.7300 1.251.859 38.325 3.0614 E I DUPONT DE NEMOURS & CO DD CASH 25.000 44.6900 1.117.250 35.000 3.1327 FREDDIE MAC-VOTING COMMON FRE CASH 30.000 50.7500 1.522.500 31.200 2.0493 (FORMERLY FEDERAL HOME LOAN MORTGAGE CORP) INTERNATIONAL BUSINESS IBM CASH 20.000 83.6700 1,673.400 12,800 0.7649 MACHINES CORP JOHNSON& JOHNSON JNJ CASH 60.000 52.2300 3.133.800 57.600 1.8380 MBNA CORP KRB CASH 100.000 23.0000 2.300.000 40.000 1.7391 027 D7r2S03:10:23 001 11811 EFTA00197812 CLEARED THROUGH 11S WHOLLY Coma' SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 5 Your Portfolio Holdings (continued) Equities & Options (continued) DESCRPTION SYMBOUCuSIP ACC! 119E °WARTY PACE MARKET VALLE ESTIM79) ANNUAL WOK CURFENT YELD IV PFIZER INC PFE CASH 75,000 33.0400 2.478.000 45,000 1.8160 PROCTER & GAMBLE CO PG CASH 25,000 89.5500 2,238.750 45,500 2.0324 Total Equities& Options $21,369.709 $407.925 TOTAL EQUITIES $21.369.709 $407.925 YOUR TOTAL ESTIMATED ANNUAL INCOME $408.960 YOUR PRICED PORTFOLIOHOLDINGS $21.483.942 Transaction Detail INVESTMENT ACTIVITY INSTITUTIONAL INTERESTS AIC #2 STATEMENT PERM June 28.2003 THROUGH Jul/ 25.2003 =COLN! NUMBER TAXPAYER NURSER OR Foe LAST STATEMENT June 27.2003 SETTLEMENT TRADE DATE DATE TRANSACTION OESCRETION $0180. CUSP othsvmy ProcE DEBIT AMOUNT CREDIT AMOUNT 07/08/03 07/02/03 BOUGHT FREDDIE MAC-VOTING COMMON FRE 10.000 53.00000 533,149.75 (FORMERLY FEDERAL HOME LOAN MORTGAGE CORP) DISCRETIONARY ORDER TOTAL $-533.149.75 027 07#2601:10:13 001 EFTA00197813 B STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 6 Transaction Detail (continued) MONEY FUND ACTIVITY CLEARED THROuGH ITS wHOLY ()M ED SUSSIOATiv Beer Ster INSTITUTIONAL INTERESTS A/C #2 STATEMENT PERO° June 28.2003 THROUGH Jul/ 25.2003 ACCOUNT NUMBER TAXPAYER KAMER Ofl File LAST STATEMENT June 27.2003 DATE MORAY TRANSACION DESCRIPTPN SYMBOCCUSIP DUMMY PRICE DEBIT AMOUNT CREDIT AMOUNT 06,28/03 OPENINGBALANCE 611.990.99 07/01/03 DIVIDEND BEAR STEARNS PRIME MONEY BEAUX 556.95 MARKET PORTFOLIO CL Y RECORD 0640103 PAY 06/30103 07/01/03 REINVEST BEAR STEARNS PRIME MONEY EISMX)I 556.95 556.95 MARKET PORTFOLIO CL Y REINVEST PRICE $ 1,00 07/10/03 SOLD BEAR STEARNS PRIME MONEY BSMX -500.000 1.0000 500.000.00 MARKET PORTFOLIO CL Y 07/25/03 CLOSINGBALANCE 112,547.94 TOTAL $-556.95 $500.556.95 DIVIDENDS DATE DESORPTION 06/30/03 FREDDIE MAC-VOIINGCOMMON (FORMERLY FEDERAL HOME LOAN MORTGAGE CORP) REC 06/1 6103 PAY 06/30/03 STE100UOUSIP FRE CU/MITT RATE TS) CENT AMOUNT CAECti JAMMU 20,000 0.2600 5.200.00 07/01/03 MBNA CORP KEES 100,000 0.0800 8.000.00 REC 06'I 3103 PAY 07/01/03 TOTAL $13,200.00 027 074601:10:M 001 EFTA00197814 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 7 Transaction Detail (continued) INTEREST DATE OESCRPTION 07/21/03 INTEREST ON CREDIT BALANCE AT 03/4% 06121 MAU 06724 SYM6ClCUSIP OVAMITY RATE 1%) 0.7500 DEBIT AMOUNT CLEARED THROUGH its mow , CA‘YE0 SUEsSiOany Beer Ster !it INSTITUTIONAL INTERESTS NC #2 STATEMENT PERIOD June 28.2003 THROUGH Jut/ 25. 2003 AccouNT NUMBER TAXPAYER ALIMER Cone LAST sTATEmENT June 27.2003 CREDO AMOUNT 0.17 07/21/03 INTEREST ON CREDIT BALANCE AT 0 1/2% 06125 THRU 07(20 0.5000 4.98 TOTAL $5.15 End of Statement 027 07.12&03;10:33 001 $I1 EFTA00197815 CLEARED IHROJOH ITS ViWWI OW,E0 SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT S m ear. Stearns & Co. Inc. INSTITUTIONAL INTERESTS Art #2 ACCOUNT EXECUTIVE 3141:ENBERG.ALAN C. STATEMENT PER100 May 31.2003 TELEPHONE THROUGH June 27.2003 VISIT OUR WEBSITE 61AV nearstearns.com ACCOUNT NUMBER What's In This Statement IIIIIIIIIIIIIIIII I I TAXPAYER MAGER On Ede UIST STATEMENT May 30.2003 Financial Summary 3 INSTITUTIONAL INTERESTS A/C a2 Your Portfolio Holdings 4 CIO FINANCIAL TRUST COMPANY ATTN LARRY KEMP Transaction Detail 5 6100 RED HOOK QUARTER Fund Activity 6 SUITE B-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash S Egwvalent AL603.621 TOTAL VALUE OF SECURITIES THIS PERIOD 20.275.749 S2 711 160 NET CREDIT BALANCE 21.630 Equities $20.275.749 SI7.966.723 MONEY MARKET FUND BALANCE 611.991 Current markel vaue NET EQUITY THIS PERIOD $20.909.370 EN Last statements market value NET EQUITY LAST STATEMENT 20,677.883 CHANGE SINCE LAST STATEMENT 231.487 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Plaza mood an/ cimxorca a rastoctig of &otos or Mocks. indicalod as cloltromi lo you. fa COM Sonic.: al K0634-1429' a Mt lo ChM Santos at Boat Steam" SecuMos Ccn, 0flooW,n, NY I12014#59. Ate . i tin unwary s tor hrvonsLowl dowses caly It IS not "'ended as a fa lase statonera NNW be Maned for your records Soo revers* safe for realm Warman:a 027 C6,2603:12:00 001 Important Message Confirmation: Unless we hear from you to the contrary. it is our understanding that any free credit balances in your account are being maintained to facilitate your intention to invest such amounts through us. 1,1108 EFTA00197816 CLEARED IHROU311 ITS WHOLLY 0RNED SUBSIDIARY INSTITUTIONAL INTERESTS NC #2 2 of STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0028.131:12:00 001 Y808 EFTA00197817 CLEARED THROUGH ITS WHOLLY OMED SUBSOIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 3 v. Cash Flow Analysis THIS PERIOD Cash Balance Summary opENINC. CLOSING Opening Balance Money Fund Dividendsrinterest Amount Credited $2,032,811.00 67,642.13 50.112.00 $117.754.13 Cash 2.032.811.00 Net Cash Balance $2,032,811.00 21.629.88 $21,629.88 Securities Bough! -2.128.293.12 Income Summary Money Fund -642.13 T165PERICO YEAR TO DATE Dividends 49,867.13 145,865.92 Amount Debited $-2 128 935.25 Credit Balance Int. 887.00 6,090.21 Net Cash Activity -2,011.181.12 Total $50.754.13 $151,956.13 Closing Balance $21.629.88 Portfolio Composition Cashleash Equivalent 633,621 Equities 20,275,749 Total $20,909,370 027 062603:12:00 001 MIL INSTITUTIONAL INTERESTS NC #2 STATEMENT PERIOD May 31.2003 THROUGH June 27.2003 ACCOUNT NUMBER TAXPAYER Avs6ER Oci File LAST STATEMENT May 30.2003 Your Portfolio Allocation Cash 8, Equivalent — 3% — Equities 97% UntPaOetl Potions dangle debt bertino, omit. earl mre1/4 4 yew. TN, tdocans seven:yr is Owed km de absolute market value VSOS EFTA00197818 B STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 4 CLEARED THRouGH ITS volOrl CnInE0 SONOMA'', Beef Sean INSTITUTIONAL INTERESTS Ate #2 STATEMENT PERIOO May 31.2003 Your Portfolio Holdings THROUGH ACCOUNT NUMBER June 27.2003 CASH & CASH EQUIVALENTS TAXPAYER MNSER On File LAST STATEMENT May 30.2003 IAARXE1 ESTIMATED CURRENT DESCRIPTION SYMBOL:CUSH) OUANDTY PRICE VALUE MNUIL WSW YELO CASH BALANCE 21,630 BEAR STEARNS PRIME MONEY BSA0C( 611,990.99 1.0000 611,991 6,304 1.0301 MARKET PORTFOLIO CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS $633.621 $6.304 EQUITIES Equities & Options ACCT MARKET ESTIMATED CURRENT DEscmnioN SYMBOL MVP nn awn PRICE VALLE ANNUAL INCOME YEW I ACC TIME WARNER INC AOL CASH 100,000 15.8200 1.582.000 AMERICAN INTERNATIONAL GROUP AIG CASH 25,000 55.6900 1.392.250 5.200 0.3735 INC BANK OF AMER CORP BAC CASH 30,000 79.6100 2.388.300 96.000 4.0196 CITIGROUP INC C CASH 27.375 43.0100 1.177.399 21.900 1.8600 E I DU PONT DE NEMOURS & CO DD CASH 25.000 41.8300 1.045.750 35.000 3.3469 FREDDIE MAC-VOTING COMMON FRE CASH 20.000 50.0000 1.000.000 20.800 2.0800 (FORMERLY FEDERAL HOME LOAN MORTGAGE CORP) INTERNATIONAL BUSINESS IBM CASH 20.000 83.4200 1.668.400 12.800 0.7672 MACHINES CORP JOHNSON& JOHNSON JNJ CASH 60.000 51.5400 3.092.400 57.600 1.8626 MBNA CORP KRB CASH 100.000 20.7500 2.075.000 32.000 1.5422 027 0628,03:12:00 001 VSOB EFTA00197819 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 5 I Your Portfolio Holdings (continued) Equities & Options (continued) ADO MR/CET ESTMETED OURFENT DESORPTION SYMBOUMEIP OPE OUANTITY PRCE VALLE ANNUAL MCOME Yen ON PFIZER INC PFE CASH 75,000 35.0000 2.625.000 45.000 1.7143 PROCTER & GAMBLE CO Total Equities& Options $20275.749 $367.300 PG CASH 25,000 89.1700 2,229.250 41.000 1.8392 TOTAL EQUITIES $20,275.749 $367300 YOUR TOTAL ESTIMATED ANNUAL INCOME $373,604 YOUR PRICEDPORTFOLIOHOLDINGS $20.909.370 Transaction Detail INVESTMENT ACTIVITY INSTITUTIONAL INTERESTS AC #2 STATEMENT PERIOD May 31.2003 THROUGH June 27.2003 ACCCUNT NUMBER TAXPAYER MADER On Foe LAST STATEMENT May 30.2003 SETTLEMENT DATE TRADE DATE TRANSACTION MORMON SYMEMMOUS, DUMMY PRICE DEBIT AMOUNT MEDD AMOUNT 06/09/03 06/04/03 BOUGHT E I DU PONT DE NEMOURS & CO DD 200 43.30000 8,711.96 OtSCRETIONARY ORDER PART OF 26000 SHR 08/09/03 06/04/03 BOUGHT E I DU PONT DE NEMOURS & CO DD 1,500 43.32000 65.369.70 DISCRETIONARY ORDER PART OF 26000 SHR 06/09/03 06/0403 BOUGHT E I DU PONT DE NEMOURS 8. CO DD 23.300 43.45000 1,018,439.30 DISCRETIONARY ORDER PART OF 25000 SHR 027 06260302:DO ODI 7808 EFTA00197820 B STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 6 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 06/13/03 TRADE DATE TRANSACTION 06/10/03 BOUGHT DESORPTION FREDDIE MAC-VOTING COMMON (FORMERLY FEDERAL HOME LOAN MORTGAGE CORP)) AVG PRICE SHOWN-DETAILS ON REO ACTUAL CONFIRM TO YOUR AGENT DISCRETIONARY ORDER sn.moucuse FRE CUM/MY 20.000 ProcE 51.49010 CLEARED THROUGH ITS vinCtLY OW,E0 SUEISIOMIlv Beer Ster INSTITUTIONAL INTERESTS AtC #2 STATEMENT PER100 May 31.2003 THROUGH June 27.2003 ACCOUNT NUMBER TAXPAYER KUMMER On FIIB LAST STATEMENT May 30.2003 OUST AMOUNT 1,035,772.16 GRECO' AMOUR " 3' AL $-2.128,293.12 MONEY FUND ACTIVITY DATE moon TRANSACTION DESCRIPTION STIAECUCUSIP OUMITIn PRECE DEBIT AMOUNT CREDIT AMOUNT 0511/03 OPENING BALANCE 678.348.86 06.12/03 DIVIDEND BEAR STEARNS PRIME MONEY BSMXX 642.13 MARKET PORTFOLIO CL Y RECORD 05130e3 PAY 06/30/03 06.12/03 REINVEST BEAR STEARNS PRIME MONEY BSMXX 642.13 642.13 MARKET PORTFOLIO CL Y REINVEST PRICE $ 1,00 06/12/03 SOLD BEAR STEARNS PRIME MONEY BSMXX -67.000 1.0000 67.000.00 MARKET PORTFOLIO CL Y 06/27/03 CLOSINGBALANCE 611.990.99 TOTAL 5-642.13 567.642.13 027 002(031:12:00 001 V808 EFTA00197821 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 7 c. Transaction Detail (continued) DIVIDENDS INSTITUTIONAL INTERESTS A/C #2 STATEMENT PERM May 31.2003 THROUGH June 27.2003 ACCOUNT NUMBER TAXPAYER MANSER OII File LAST STATEMENT May 30.2003 DATE DESORPTION SYMOWCUSIP WAA/MY RATE IS) DEBIT AMOUNT CREW AMOUNT 06/05/03 PFIZER INC PFE 75.000 0.1500 11,250.00 REC 05/16103 PAY 06/05103 06/10/03 INTERNATIONAL BUSINESS IBM 20.000 0.1600 3,200.00 MACHINES CORP REC 05109/03 PAY 06/1003 0610/03 JOHNSON& JOHNSON JNJ 60.000 0.2400 14.400.00 REC 05120103 PAY 0611003 06/20/03 AMERICAN INTERNATIONAL GROUP AIG 25.000 0.0470 1,175.00 INC REC 06106103 PAY 0612003 06.127/03 BANK OF AMER CORP BAC 30.000 0.6400 19.200.00 REC 060603 PAY 062703 TOTAL $49.225.00 INTEREST DATE OESCRPTION STMEKVCVSIP CUMMTY RATE 1%1 DEBIT AMOUR CqEMT 06/23/03 INTEREST ON CREDIT BALANCE 0.7500 887.00 AT 0 3/4% 05/21 THRU 06120 TOTAL $887.00 End of Statement 027 06.2V0302:00 001 vac* EFTA00197822 CLEARED THROWN ITS VilIOLLY OMED SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT S m ear. Stearns ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE 341-INBERG.ALAN C. eehw.uearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 5 Fund Activity 5 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD NET CREDIT BALANCE MONEY MARKET FUND BALANCE 17.966.723 2.032.811 678.349 NET EQUITY THIS PERIOD $20.677.883 NET Earle LAST STATEMENT 20,039.818 CHANGE SINCE LAST STATEMENT 638.065 There are no 'Stop Lose orders or other pending buy or sell open orders on file for your account. IIIIIIIIIIIIIIIII I I INSTITUTIONAL INTERESTS A/C #2 CIO FINANCIAL TRUST COMPANY ATTN LARRY KEMP 6100 RED HOOK QUARTER SUITE B-3 ST THOMAS VI 00802 Market Value of Your Portfolio Cash .1 EqSvalent $2'711'160 u:Scitt $1.787.209 Equines — Plaza rood any [Morava a riantoong of tech. or Maks. indicalal as doltromi to pau. Glionl Sonic.: al EC0634-1429. a yrnto lo ChM Santos a BON. Steam SccuMos Rflookhn. N.Y 112014859. MO Current market value 011 Last statements market value $17.966.723 $18.252.609 I fel 41' ( INSTITUTIONAL INTERESTS AAC #2 STATEMENT PERIOD April 26.2003 THROUGH May 30.2003 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT kW 25.2003 gir TME SmY8Tari lot ottematonal pompom wry ra asa tat documert Tres statement shoad Se Maned Itc your records Soo inn sole Tor MCCAW IIVOIThatKa 027 05,31,03:15:30 001 EFTA00197823 CLEARED IHROU311 ITS MOLY ORNED SUBSIDIARY INSTITUTIONAL INTERESTS NC #2 2 of e STATEMENT BACKER IS PRINTED ON THIS PAGE 027 05,31.03:15:30 001 YB4A EFTA00197824 CLEARED THROWN ITS WHOLLY OWNED SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 3 c, Cash Flow Analysis THIS PERIOD Cash Balance Summary CLODNO Opening Balance $1,109,497.23 Cash 1,109,497.23 2.032.811.00 Securities Sold 905.095.79 Net Cash Balance $1,109,497.23 $2,032,811.00 Money Fund 637.10 Dividends Interest 18,217.98 Amount Credited $923,950.87 Income Summary Money Fund -637.10 THIS PEROD TEN470 DATE Dividends 17.802.10 95,998.79 Amount Debited $-637.10 Credit Balance Int. 1,052.98 5,203.21 Net Cash Activity 923.313.77 Total $18.855.08 $101,202.00 ClosingBatance $2 032 811.00 Portfolio Composition CashiCash Equivalent 2.711,160 Equities 17.966,723 Total $20 677 883 027 OS31,03:15:30 001 INSTITUTIONAL INTERESTS AC #2 STATEMENT PERIOD *11 26. 2003 THROUGH May 30.2003 ACCOUNT NUMBER TAXPAYER WESER On File LAST STATEMENT April 25.2003 Your Portfolio Allocation Cash & Equivalent —. t4% Entities 86% Unthglecl proris 0en,* Oat Dian°, omit, 00 male vela, rho elorahr ;evenly, t, clesecl Iron lto etnol.te market rat), al )vv yolk, * 7644 EFTA00197825 BW STD;RNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. OW- 4 CLEARED ITTHouGH ITS virscu.y CALILSO SUCISOTAny Beer Star INSTITUTIONAL INTERESTS NC #2 STATEMENT PER100 aPTH 26. 2003 Your Portfolio Holdings CASH & CASH EQUIVALENTS THROUGH ACCOUNT NUMBER TAXPAYER MAGER May 30.2003 On File LAST STATEMENT Apra 25.2003 /MAGI ESTIMATED CLIIPENT DESCRIITION STTIBOLEUSiP QUANTITY PRICE VALUE ANNUAL INCOME ISO I%4 CASH BALANCE 2,032,811 BEAR STEARNS PRIME MONEY BS/A>C< 678.348.86 1.0000 678.349 7.462 1.1000 MARKET PORTFOLIO CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS 62.711,160 $7,462 EQUITIES Equities & Options ADC! MIRES ESTIM1E0 CURRENT DESCRIITION SYMBOLEUSIP APE OUANNTY PRICE VALLE ANNUAL INCOME VELD 111) AOL TIME WARNER INC AOL CASH 100.000 15.2200 1.522.000 AMERICAN INTERNATIONAL GROUP AIG CASH 25.000 57.8800 1.447.000 5.200 0.3594 INC BANK OF AMER CORP BAC CASH 30.000 74.2000 2.226.000 76.800 3.4501 CITIGROUP INC C CASH 27.375 41.0200 1.122.923 21.900 1.9503 INTERNATIONAL BUSINESS IBM CASH 20.000 88.0400 1.760.800 12.800 0.7269 MACHINES CORP JOHNSON& JOHNSON JNJ CASH 60.000 54.3500 3.261.000 57.600 1.7663 MBNA CORP KRB CASH 100.000 20.0500 2.005.000 32.000 1.5960 PFIZER INC PFE CASH 75.000 31.0200 2.326.500 45.000 1.9342 PROCTER & GAMBLE CO PG CASH 25.000 91.8200 2.295.500 41.000 1.7861 Total Equities& Options $17.966,723 $292,300 TOTAL EQUITIES $17.966,723 $292,300 027 CS31,01:16:30 001 MS44 EFTA00197826 CLEARED WM/GM ITS WHOLLY OWNED SUBSIDIARY B STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 5 c/ Your Portfolio Holdings (continued) YOUR TOTAL ESTIMATED ANNUAL INCOME 5299,762 YOUR PRICED PORTFOLIOHOLDINGS $20.677.883 Transaction Detail INVESTMENT ACTIVITY INSTITUTIONAL INTERESTS AC #2 STATEMENT PERIOD April 26. 2003 THROUGH May 30.2003 ACCCUNT NUMBER TAXPAYER AMBER On File LAST STATEMENT AO 25.2003 SETTLEMENT TRADE DATE DATE TRANSACTION CESCRPTION SITABEI2CUSIP GUANTITI ma DEBIT AMOUNT CREDIT /mum 05/02/03 04/29/03 SOLD GOLDMAN SACHS GROUP INC GS -1Z000 75.84430 905,095.79 AVG PRCE SHOWN-DETAILS ON RED ACTUAL CONFIRM TO YOUR AGENT DISCRETIONARY ORDER TOTAL $905,095.79 MONEY FUND ACTIVITY DATE MOW TRANSACTION DESEPIPTIN 04/26/03 OPENINGBALANCE SYMECL.00OP OUNYTITY ARCS DEBIT AMOUNT CREDIT AMOUNT 677.711.76 05/01/03 DIVIDEND BEAR STEARNS PRIME MONEY BSMXX 637.10 MARKET PORTFOLIO CL Y RECORD 04/30103 PAY 04/30/03 027 03.31,1)31S:30 001 EFTA00197827 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 6 Transaction Detail (continued) MONEY FUND ACTIVITY (continued) DATE MGDAT TRANSACTION DESCRIPTCN 05/01/03 REINVEST m emgyagutp, MONEY REINVEST PRICE $ 1.00 CLEARED THROUGH ITS wisC0.7 (HMCO SUEIRGAR7 Baer Ster INSTITUTIONAL INTERESTS A/C #2 STATEMENT REMO Apll 26. 2003 THROUGH May 30.2003 ACCOUNT NUMBER TAXPAYER MAURER OR File LAST STATEMENT *11 25.2003 SYMECIALISIP OUANMY PRCE DEBIT AMOUNT CREDIT AMOUNT BSM/0( 637.10 637.10 05/30/03 CLOSINGBALANCE 678.348.86 TOTAL $437.10 $,637.10 DIVIDENDS DVE oescapnoti STMOCUCUSIP QUANTITY RATE DEEM AMOUNT CREPT AMOUNT 05/15/03 PROCTER 8 GAMBLE CO PG 25,000 0.4100 10,250.00 REC 04/17/03 PAY 05/15/03 05/23/03 CITIGROUP INC C 27.375 0.2000 5,475.00 REC 05105/03 PAY OS/23103 05/29/03 GCADMAN SACHS GROUP INC GS 12.000 0.1200 1,440.00 REC 04/29/03 PAY 05/2903 TOTAL $17,165.00 INTEREST DATE OESCRETION 05/21/03 INTEREST ON CREDIT BALANCE 0.7500 AT 0 3/4% 04/21 THRU05/20 STMOCUSUSIP OUMNRY RATE I* CERT AMOUNT EDIT AMOUNT 1,052.98 TOTAL $1,052.98 027 0531003:15,50 001 V644 EFTA00197828 CLEARED THROUGH ITS WHOLLY OWnE0 SUBSIDIARY BMR STBNRNS OFFICE SERVICING YOUR ACCOUNT S m ear. Stearns 8 Co. Inc. ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE 3RE.,ENBERG.AUkN C. ‘...eiw,uearsleams.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 5 Fund Activity 6 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD NET CREDIT BALANCE MONEY MARKET FUND BALANCE 18.252.609 1.109.497 677.712 NET EOUITT THIS PERIOD $20.039.818 NET EOLIFTY LAST STATEMENT 19,186.804 CHANGE SINCE LAST STATEMENT 853.014 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. IIIIIIIIIIII111111 I I INSTITUTIONAL INTERESTS A/C 82 C,10 FINANCIAL TRUST COMPANY ATTN LARRY KEMP 6100 RED HOOK QUARTER SUITE B-3 ST THOMAS VI 00802 Market Value of Your Portfolio $1.787.209 Cash S Equmalent $1.620.743 E"'"—Log=wibuiu PIANO ropOil any OrtafOrCO a MANSE« al &ACM or MCCM. Adkalal Y.4tlrrtr0a IN co. U Chao, Son4coG al BC06.14-I429' ct ~co lo Clot: Sorveos Y Boar. SRuird SocuMos Ccro Brook/r. NY 11201,389. 618.252.609 $17.566.061 IN Current market value BE Last statements market value 1 01 rjr INSTITUTIONAL INTERESTS MC #2 STATEMENT PERIOD Marts 29.2003 THROUGH Apol 25.2003 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT March 28.2003 SIK 11n SavelarY OW RkolMDBABI imposes on ROM eland anti. dawn( Tin statanri shorn Et Mann for your monk Ste runny ton he MMONWIt nfanxco 027 042643:1232 001 V643 EFTA00197829 CLEARED IHROU3I1 ITS MOLY ORNED SUBSIDIARY INSTITUTIONAL INTERESTS NC #2 2 of STATEMENT BACKER IS PRINTED ON THIS PAGE 027 042603:12:12 001 YB43 EFTA00197830 CLEARED IHRCUGH ITS wisCtLY (AM,E0 SORG/Ally B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 3 Cash Flow Analysis Income Summary THIS PEFICO TIC PERIOD YEAR TO DATE Opening Balance $943,713.80 Dividends 7.882.95 78,196.69 Credit Balance Int. 476.74 4.150.23 Securities Sold 897,057.20 Money Fund 682.95 Total $8.359.69 $82.346.92 Dividends Interest 7,676.74 Amount Credited $905,416.89 Portfolio Composition Securities Bought -738.950.51 CashiCash Equivalent 1.787,209 Money Fund -682.95 Equities 18.252,609 Amount Debited $-739.633.46 Total $20,039,818 Net Cash Activity 165.783.43 Closing Balance $1,109,497.23 Cash Balance Summary OPENING CLOSING Cash 943.713.80 1,109,497.23 Net Cash Balance $943.713.80 $1,109,497.23 027 01,26,0302:12 001 Beer Sown # INSTITUTIONAL INTERESTS AC #2 STATEMENT PER100 Mardi 29.2003 THROUGH April 25.2003 ACCCUNT NUMBER TAXPAYER KISSER OTI File LAST STATEMENT Mardi 28.2003 Your Portfolio Allocation Cash & Equvalent 8% Untivoecl Frown amok (lett babnce Amite shol male wive, TN/ elocabco percent:re is &rued Iron to Mnol.te market value of yoto 1643 EFTA00197831 BW STD;RNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. OW- 4 CLEARED D4RouGH ITS yusCu.Y ODPED SUSHI:PA& Seer Steam INSTITUTIONAL INTERESTS NC #2 STATEMENT PERO) Match 29.2003 Your Portfolio Holdings CASH & CASH EQUIVALENTS THROUGH ACCOUNT NUMBER TAXPAYER MAGER A&11 25.2003 On File LAST STATEMENT March 28.2003 MARX& ESTIMATED CLAPS% DESCRIPTION SYMBOLEUSiP OWNS& PRICE YPLUE ~UM. INCCIÆ VELD 1%) CASH BALANCE 1,109,497 BEAR STEARNS PRIME MONEY BSIA» 677,711.76 1.0000 677,712 7.658 1.1300 MARKET PORTFOLIO CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS $1.787,209 $7.658 EQUITIES Equities & Options ACCT TWEET ESTIMIED CURREN' DESCRIPTION SYMBODEUSIP TIPE OUANTGY PRICE VALLE ANNUAL INCOME YELD D.) AOL TIME WARNER INC AOL CASH 100.000 13.3200 1.332.000 AMERICAN INTERNATIONAL GROUP AIG CASH 25.000 54.7500 1.368.750 4.700 0.3434 INC BANK OF AMER CORP BAC CASH 30.000 72.5800 2.177.400 76.800 3.5271 CITIGROUP INC C CASH 27.375 38.4500 1.052.569 21.900 2.0806 GaDMAN SACHS GROUP INC GS CASH 12.000 75.8700 910.440 5.760 0.6327 INTERNATIONAL BUSINESS IBM CASH 20.000 83.8800 1.677.600 12.000 0.7153 MACHINES CORP JOHNSON& JOHNSON JNJ CASH 60.000 56.2100 3.372.600 57.600 1.7079 MBNA CORP KRB CASH 100.000 18.5500 1.855.000 32.000 1.7251 PFIZER INC PFE CASH 75.000 30.3700 2.277.750 45.000 1.9756 PROCTER & GAMBLE CO PG CASH 25.000 89.1400 2.228.500 41.000 1.8398 Total Equities& Options $18252,609 $296.760 TOTAL EQUITIES $18,252,609 $296.760 027 042,60132:12 001 Y643 EFTA00197832 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 5 Your Portfolio Holdings (continued) YOUR TOTAL ESTIMATED ANNUAL INCOME $304.418 YOUR PRICED PORTFOLIOHOLDINGS 520.039.818 Transaction Detail INVESTMENT ACTIVITY INSTITUTIONAL INTERESTS A./C #2 STATEMENT PERIOD Muth 29.2003 THROUGH *11 25.2003 ACCOUNT NUMBER TAXPAYER AMBER On He LAST STATEMENT Minn 28.2003 SETTLEMENT DATE TRADE DATE TRANSKTKIN DESORPTION 50/00. Ci tEP GUMMY PRCE DENT AMOUNT CREPT MAJUNT 04/04/03 04/01/03 BOUGHT JOHNSON& JOHNSON NJ 10,000 58.23000 585,688.58 DISCRETIONARY ORDER 04/04/03 04/01/03 BOUGHT MBNA CORP KRB 3.900 15.19000 59.796.51 DISCRETION/1M ORDER PART OF 10000 SHR 04/04,03 04/01/03 BOUGHT MBNA CORP KRB 6.100 15.18000 93.465.42 DISCRETIONARY ORDER PART OF 10000 SHR 04/10/03 04/07/03 Soil 403WINEZE13 VIA.g 5.550 41.33440 227.845.40 AVG PACE SHOWN-DETAILS ON REO ACTUAL CONFIRM TO YOUR AGENT DISCRETIONARY ORDER 04115/03 04/10/03 SOLD VIACOM B VIAB -8.325 39.75470 328.774.04 AVG PACE SHOWN-DETAILS ON REO ACTUAL CONFIRM TO YOUR AGENT DISCRETIONARY ORDER 027 0426D3:12:12 001 1043 EFTA00197833 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 6 Transaction Detail (continued) INVESTMENT ACTIVITY SETTLEMENT DATE 04/16/03 (continued) TRADE DATE TRANSACTION 04/11/03 SOLD DESCRPTION VtACOM INC-CL B AVG PRCE SHOWN-DETAILS ON REO ACTUAL CONFIRM TO YOUR AGENT DISCRETIONARY ORDER SYMBOL/CUE? WAS OUANTITC -8,325 41.16230 PRICE CLEARED THROuGH ITS vasSALY CMS*0 SUBSIOally Beer Sean INSTITUTIONAL INTERESTS AC #2 STATEMENT PERM March 29.2003 THROUGH WI 25.2003 ACCOUNT NUMBER TAXPAYER TAMER On File LAST STATEMENT March 28.2003 PEST AMOUNT CREPT AMOUNT 340,437.76 TOTAL $-738,950.51 $897,057.20 MONEY FUND ACTIVITY DATE matAY TRANSACTION DESOWTON SYMECuCuSaa MIWThY PP_CE DEBIT AMOUNT CREDIT AMOUNT 03/29/03 OPENING BALANCE 677,028.81 04/01/03 DIVIDEND imp:Fin MONEY 8SM)0( 682.95 RECORD 03131/03 PAY 03/31/03 b4/61/63 TAM tYtlak§ RIME Malty MON 662.95 d6B.65 MARKET PORTFOLIO CL Y REINVEST PRICE $ 1,00 04/25/03 CLOSINGSALANCE 677,711.76 TOTAL 3-682.95 $682.95 DIVIDENDS DATE cesatenal SYMOWCUSIP 04/01/03 M8NA CORP MB REC 03/15/03 PAY 04/01/03 OVAMITY RATE IP 90,000 0.0800 DEBT AMOUNT [ABM AMOUNT 7,200.00 TOTAL 37.200.00 027 0426e02:12:I2 001 EFTA00197834 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 7 o Transaction Detail (continued) INTEREST DATE DESORPTION 04/21:03 INTEREST ON CREDIT BALANCE AT 0 34% 03,21 THRU 04:20 SYMBOLtvUP INSTITUTIONAL INTERESTS NC #2 STATEMENT PERIOD Muth 29.2003 THROUGH *11 25.2003 ACCOUNT NUMBER TAXPAYER KAMER OR He LAST STATEMENT Mardi 28.2003 CURREN RATE I%) CENT AMOUNT CREDIT AMOUNT 0.7500 476.74 TOTAL $476.74 End of Statement 027 04/2“3:12:12 001 VS43 EFTA00197835 CLEARED IHROJGH ITS Yn10LLv OMED SUBSIDIARY BUR STEARNS OFFICE SERVICING YOUR ACCOUNT S m ear. Stearns & Co. Inc. I fel 41' ( INSTITUTIONAL INTERESTS At #2 ACCOUNT EXECUTIVE S4EENBERG.ALAN C. STATEMENT PEF000 March 1.2003 TELEPHONE THROUGH March 28.2003 VISIT OUR WEBSITE ‘...mv.uearstearrts.com ACCOLM NUMBER What's In This Statement I I TAXPAYER WINER On Fee LAST STATEMENT February 28.2003 Financial Summary 3 INSTITUTIONAL INTERESTS A/C 02 Your Portfolio Holdings 4 C10 FINANCIAL TRUST COMPANY ATTN LARRY KEMP Transaction Detail 5 6100 RED HOOK QUARTER Fund Activity 5 SUITE B-3 Your Messages 7 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURITIES THIS PERIOD 17.566.061 Cash 8 Equvalent $1.620.743 .:Z:55:%1 $1385.954 NET CREDIT BALANCE 943.714 Equine 817.566.O61 . . . . . . . . . . . . . . . . . S16.722.819 MONEY MARKET FUND BALANCE 677.029 Current market value NET EQUITY THIS PERIOD $19.186.804 ME Last statements market value NET Earle LAST STATEMENT 18,308.773 CHANGE SINCE LAST STATEMENT 878.030 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Plozo repot, we/ Wawa, a marmot< of ted's or Oaks. al/Scaled z clolkorod to ,00J. ), Clhoni Sonic.: al SCOESS-I429. a v.rm lo Clem Savicos ac Bow. Swarm SecuMes On (Poonyn. N Y 11201.3859 St Th6 PalwarY is lot elfsnnabanal pewees Wyllie notneMD Main downers Tin statemeri NNW be wanes for your records See worse Sr for realer< IIVCCITYKO 027 03,29.0311:19 001 Y642 EFTA00197836 CLEARED IHROU311 11S MOLY ORNED SUBSIDIARY INSTITUTIONAL INTERESTS NC #2 2 of STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0129.03:11:19 001 V642 EFTA00197837 CLEARED THROUGH 11S WHOLLY OWNED SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 3 ri Cash Flow Analysis THIS PER1CO Income Summary 16 PERIOD YEAR TO DATE Opening Balance $909,556.38 Dividends 34,255.56 70,313.74 Credit Balance Int. 532.42 3,673.49 Money Fund 630.56 Total $34,787.98 $73.987.23 Dividends/Interest 34,157.42 Amount Credited $34.787.98 Money Fund -630.56 Portfolio Composition Amount Debited $-630.56 CastirCash Equivalent 1.620,743 Net Cash Activity 34,157.42 Equities 17.566.061 ClosingBatance $943,713.80 Total 919.186.804 Cash Balance Summary Ont. AO CLOSING Cash 909,556.38 943.713.80 Net Cash Balance $909,556.38 $943.713.80 027 0O2903:11:19 001 INSTITUTIONAL INTERESTS NC #2 STATEMENT PERIOD March 1.2003 THROUGH March 28.2003 ACCCUNT NUMBER TAXPAYER MAWR OR Ale LAST STATEMENT February 28.2003 Your Portfolio Allocation Cash & Equvalent 8% lifyivoecl Frown cantle debit betwee Amite OM male wive, TN/ elocabco percent :re is &rued Iron to MnoNY market value of yoto pylioo YE42 EFTA00197838 B STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 4 CLEARED 114ROuGH ITS wHOLLY CHPEO SOHO/Any Beer Newn /.1 INSTITUTIONAL INTERESTS Ate #2 STATEMENT PERIOD Mandl 1.2003 Your Portfolio Holdings CASH & CASH EQUIVALENTS THROUGH ACCOUNT NUMBER TAXPAYER KAMER March 28.2003 On File LAST STATEMENT February 28.2003 MARKET ESTIMATED aAP£NT DESCRIPTION 0MBOLtuS0 QUANTITY PRICE VALUE MANUAL INCOIM 10.0 IX) CASH BALANCE 943,714 BEAR STEARNS PRIME MONEY BSM>C< 677.028.81 1.0000 677,029 7,921 1.1700 MARKET PORTFOLIO CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS 91.620,743 $7,921 EQUITIES Equities & Options AGEE IMMO ESTMME0 COMM DESORPTION SYMBOLMUSIP T PE OUAMITY PRICE VALLE ANMJAL INCOME VELD I'M ACC TIME WARNER INC AOL CASH 100.000 11.3500 1.135.000 AMERICAN INTERNATIONAL GROUP AIG CASH 25.000 49.8500 1.246.250 4.700 0.3771 INC BANK OF AMER CORP BAC CASH 30.000 68.5800 2.057.400 76.800 3.7329 CITIGROUP INC C CASH 27.375 35.4200 969.623 21.900 2.2586 GOLDMAN SACHS GROUP INC GS CASH 12.000 70.1100 841.320 5.760 0.6846 INTERNATIONAL BUSINESS IBM CASH 20.000 80.7900 1.615.800 12.000 0.7427 MACHINES CORP JOHNSON& JOHNSON JNJ CASH 50.000 57.3800 2.869.000 41.000 1.4291 MBNA CORP KRB CASH 90.000 15.4800 1.393.200 28.800 2.0672 PFIZER INC PFE CASH 75.000 31.8100 2.385.750 45.000 1.8862 PROCTER & GAMBLE CO PG CASH 25.000 88.6400 2.216.000 41.000 1.8502 027 032903:11:19 001 V642 EFTA00197839 CLEARED THROUGH ITS VnIOLLY 01VNED SUBSIDIARY B STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 5 o Your Portfolio Holdings (continued) Equities & Options (continued) ACCT WPM ESTIMATED CURRENT DESORPTION SYMBOUDISIP PIPE OUANTITT NICE VALLE ANNUAL INCOME yen N VIACOM INC-CL B VIAB CASH 22,200 37.6900 836.718 Total Equities& Options $17.566.061 $276.960 TOTAL EQUITIES $17.566.061 $276.960 YOUR TOTAL ESTIMATED ANNUAL INCOME 5284.881 YOUR PRICED PORTFOLIOHOLDINGS $19.186.804 Transaction Detail MONEY FUND ACTIVITY INSTITUTIONAL INTERESTS Ate #2 STATEMENT PERIOD Mardi 1.2003 THROUGH March 28.2003 ACCOUNT NUMBER TAXPAYER WINER On File LAST STATEMENT February 28.2003 DATE NOWT TRANSACTION DESCRIPTCN SYMECNCIAIP QUANTITY PR CE DENT AMOUNT CREDIT AMOUNT 03/01/03 OPENINGBALANCE 676,398.25 03/03/03 DIVIDEND BEAR STEARNS PRIME MONEY BSMXX 630.56 MARKET PORTFOLIO CL Y RECORD 02/28103 PAY 02/2843 03/03/03 REINVEST BEAR STEARNS PRIME MONEY BSMXX 630.56 630.56 MARKET PORTFOLIO CL Y REINVEST PRICE $ 1.00 03/28/03 CLOSINGBALANCE 677,028.81 TOTAL $.630.56 $630.56 027 0329.03:11:19 001 Y642 EFTA00197840 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 6 o Transaction Detail (continued) DIVIDENDS DATE DESCRIPTION SYMBOL CUSiP 03/10/03 INTERNATIONAL. BUSINESS IBM MACHINES CORP REC 02/10+03 PAY 03/10/03 6 11 MN& Jem-fiLl§b OVANTITY RATE MI 20.000 0.1500 DEBIT AMDUN' INSTITUTIONAL INTERESTS A/C #2 STATEMENT PERIOD March 1.2003 THROUGH March 28.2003 ACCCUNT NUMBER TAXPAYER AVSSER OR PIM LAST STATEMENT February 28.2003 CREDIT AMOUNT 3,000.00 REC 02/18+03 PAY 03/11/03 JNJ 50.000 0.2050 10,250. 03/21/03 AMERICAN INTERNATIONAL GROUP INC REC 03+07/03 PAY 03/21/03 AIG 25.000 0.0470 1,175.00 03/28/03 BANK OF AMER CORP BAC 30.000 0.6400 19.200.00 REC 03;07.403 PAY 0.312&03 TOTAL 533.625.00 INTEREST DATE OESCRIPTION 03/21/03 INTEREST ON CREDIT BALANCE AT 0 3/4% 02/21 THRU 03/20 SHABOLCUSIP OUANTRY RATE N 0.7500 CENT AMOIMT [PEW Amour 532.42 TOTAL 5532.42 027 032003:11:19 001 Y602 EFTA00197841 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 7 Your messages Bear, Stearns Securities Corp, Net Capital and Net Capital Requirements: At November 30, 2002 and January 31, 2003, the Company's net capital of approximately $2.4 billion and $2.4 billion was approximately 7% and 7% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $716.3 million and $684.1 million by approximately $1.7 billion and $1.7 billion, all respectively. A complete copy of the Bear, Stearns Securities Corp. Statement of Financial Condition is available on the web site ww# bearstearns.com Alternatively, to request a free printed copy please call • toll free - 1.866.299.9331, End of Statement CLEARED THROUGH ITS YalCyl.Y ORT*0 SUBROallT Beer Stearn INSTITUTIONAL INTERESTS Ate #2 STATEMENT PER100 Mate, 1.2003 THROUGH March 28.2003 ACCOUNT NUMBER TAXPAYER NURSER OR AN LAST STATEMENT PeOrulvy 28.2003 Pursuant to SEC Rule 11Ac1.6, please note the following: Bear Steams & Co, Inc, will post its quarterly routing statistics at the following web link: http://wvv,bearsteams,comf, Customers of Bear, Steams & Co. Inc. may request information on any order executed within the prior six months from the time of the request, Specifically, you may request the identity of the venue to which the identified orders were routed for execution, whether the order was directed by you to that venue, and the time of the executions, if any, that resulted from such orders. 027 Ct2/29.03:11:IS 001 ve42 EFTA00197842 CLEARED THROUGH ITS WHOLLY OMED SUBSIDIARY BffiR STffiRNS OFFICE SERVICING YOUR ACCOUNT S m ear. Stearns ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE 3:4:-LE:VBERG.ALAN C. kW AV near st ear ns .com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 5 Fund Activity 5 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PER/DD NET CREDIT BALANCE MONEY MARKET FUND BALANCE 16.722.819 909.556 676.398 NET EQUITY THIS PERIOD $18.308,773 NET EOUITY LAST STATEMENT 18,966.338 CHANGE SINCE LAST STATE/AE/0 -657.564 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. lllllllllllllllll I I INSTITUTIONAL INTERESTS AIC #2 C,10 FINANCIAL TRUST COMPANY ATTN LARRY KEMP 6100 RED HOOK QUARTER SUITE B-3 ST THOMAS VI 00802 Market Value of Your Portfolio Cash s Equvalent III $T -585 954 482: $1.555.625 Equities bozo «boil an, cliTaca9 a rawoctia of clbcks or ~Rs. :nabob! Y. &Raoul lo >to. Soblar al 800.614-I429. a veto la Mont rorkas a Bow. Stearn &conies Ø. OmoUri. N.Y 112014/759 $16.722.819 .= $17.410.713 IN Current market value Mid Last statements market value INSTITUTIONAL INTERESTS NC #2 STATEMENT PER100 February 1.2003 THROUGH February 28.2003 ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT January 31.2003 nes suflnarY d gee acollainol /worn «ails not «ended into. downer* TNr saternere sheaf be atoned for your records See warn sae fa irr Raba aarmaton 027 0201,03:13:32 001 via 1 EFTA00197843 CLEARED IHROU311 11S MOLY ORNED SUBSIDIARY INSTITUTIONAL INTERESTS NC #2 2 of e STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0301.03:13:32 001 YSA1 EFTA00197844 CLEARED IHRCUGH ITS (A1T,E0 SUBSIOTAITY B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 3 Cash Flow Analysis THIS PERIOD Income Summary TIC PEN® YEAS TO DATE Opening Balance $879,944.72 Dividends 29.758.18 36,058.18 Credit Balance Int. 571.66 3,141.07 Money Fund 718.18 Total $30,329.84 $39,199.25 Dividends/Interest 29,611.66 Amount Credited $30.329.84 Money Fund -718.18 Portfolio Composition Amount Debited $-718.18 CashiCash Equivalent 1.585,954 Net Cash Activity 29,611.66 Equities 16.722.819 ClosingBatance $909.556.38 Total $18,308,773 Cash Balance Summary entries CLOSING Cash 879.944.72 909.556.38 Net Cash Balance $879,944.72 $909,556.38 027 0101,05:13:32 001 Bear Stern INSTITUTIONAL INTERESTS AC #2 STATEMENT PERK* Seromary 1.2003 THROUGH February 28.2003 ACCCUNT NUMBER TAXPAYER MANCH On File LAST STATEMENT January 31.2003 Your Portfolio Allocation Cash 8 Equivalent 8% Um/Wed P0,00, 5 00n010 debt Octanes anciv Thol male vela, Tho olocabcn Reece/Ire is dewed Iron to DOT/31A* markel 'Sue VI KT, palkno YE.S1 EFTA00197845 B STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 4 CLEARED IHRCUGH ITS v/10411 OHY.E0 SUEISIMMIT Beer Smarr INSTITUTIONAL INTERESTS NC #2 STATEMENT PERIOD TeDEUNH 1.2003 THROUGH February 28.2003 Your Portfolio Holdings CASH & CASH EQUIVALENTS ACCOUNT NUMBER TAXPAYER WIPER On File LAST STATEMENT January 31.2003 MOPS ESTIMATED DJAP£NT DESCRIPTION SMBOLCUSiP QUANTITY PRICE VALUE MANUAL INCOME 10.0 NI CASH BALANCE 909.556 BEAR STEARNS PRIME MONEY BSIA)C( 676.394125 1.0000 676,398 8.184 1.2099 MARKET PORTFOLIO CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS $1.585,954 $8.184 EQUITIES Equities & Options AMA IMNE7 ESTMEIE0 CURREAR DESCRIPTION SYMBOGGUSIP TIRE OUAMITY PACE VALUE ANMJAL INCOME YEW 1%) ACC TIME WARNER INC AOL CASH 100.000 11.3200 1.132.000 AMERICAN INTERNATIONAL GROUP AIG CASH 25.000 49.2900 1.232.250 4.700 0.3814 INC BANK OF AMER CORP BAC CASH 30.000 69.2400 2.077.200 76.800 3.6973 CITIGROUP INC C CASH 27.375 33.3400 912.683 21.900 2.3995 GOLDMAN SACHS GROUP INC GS CASH 12.000 69.4500 833.400 5.760 0.6911 INTERNATIONAL BUSINESS IBM CASH 20.000 77.9500 1.559.000 12.000 0.7697 MACHINES CORP JOHNSON& JOHNSON JNJ CASH 50.000 52.4500 2.622.500 41.000 1.5634 MBNA CORP KRB CASH 90.000 13.8500 1.246.500 28.800 2.3105 PFIZER INC PFE CASH 75.000 29.8200 2.236.500 45.000 2.0121 PROCTER & GAMBLE CO PG CASH 25.000 81.8600 2.046.500 41.000 2.0034 027 0201/03:13:32 001 VEIL EFTA00197846 CLEARED IHROLCM ITS MOLT CORNED SUBSIDIARY B STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 5 c/ Your Portfolio Holdings (continued) Equities & Options (continued) ACCT MARKET ESTIMATED CURFEW DESORPTION SYMBOUDISIP TYPE DUAMITT PACE VALUE ANNUAL iNCOIAE VELD N VIACOM INC-CL B VIAB CASH 22,200 37.1300 824.286 Total Equities& Options $16.722.819 $276.960 TOTAL EQUITIES 516.722.819 $276.960 YOUR TOTAL ESTIMATED ANNUAL INCOME $285.144 YOUR PRICED PORTFOLIOHOLDINGS $18.308.773 Transaction Detail MONEY FUND ACTIVITY INSTITUTIONAL INTERESTS Ate #2 STATEMENT PERIOD PeDeUtify 1.2003 THROUGH February 28.2003 ACCOUNT NUMBER TAXPAYER NUMBER OR File LAST STATEMENT January 31.2003 DATE WOO TRANSICTIM DESCRIPTCN STMEAMISUP GUMMY PICE DEBIT AMOUNT CREDIT AMOUNT 02/01/03 OPENINGBALANCE 675,680.07 02/03/03 DIVIDEND BEAR STEARNS PRIME MONEY BSMXX 718.18 MARKET PORTFOU0 CL Y RECORD 01/31/03 PAY 01/31/03 02/03/03 REINVEST BEAR STEARNS PRIME MONEY BSMXX 718.18 718.18 MARKET PORTFOUO CL Y REINVEST PRICE $ 1,00 02/28/03 CLOSINGBALANCE 676.39825 TOTAL $-718.18 $718.18 027 03010393:32 031 VC41 EFTA00197847 CLEARED THROWN ITS WHOLLY ONTJED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 6 c/ INSTITUTIONAL INTERESTS A/C #2 STATEMENT PERIOD PEOCLUIfy 1,2003 THROUGH February 28.2003 Transaction Detail (continued) DIVIDENDS ACCOUNT NUMBER TAXPAYER AMMER OfIfile LAST STATEMENT January 31.2003 DATE DESORPTION SYMEICIALISIP CAMAITOY RATE MI DENT AMOUNT CREDO AMOUNT 02/03/03 TYCO INTERNATIONAL LTD TYC 50,000 0.0125 625.00 REC 01/02/03 PAY 02103/03 02114/03 PFIZER INC PPE 75.000 0.1500 11,250.00 REC 01/17/03 PAY 02/14103 02/14/03 PROCTER 8 GAMBLE CO PG 25.000 0.4100 10,250.00 REC 01/24103 PAY 02/14103 02/27/03 GCUMAN SACHS GROUP INC GS 12.000 0.1200 1,440.00 REC 01/2803 PAY 02/27/03 02/28/03 CITIGROUP INC C 27.375 0.2000 5.475.00 REC 02,03,03 PAY 02213,03 TOTAL $29.040.00 INTEREST DATE CESOMPTION STAIDOLOUSIP OUNYTITY RATE PO Cali /MOW CAECIT /MOAT 02/21/03 INTEREST ON CREDIT BALANCE 0.7500 571.66 AT 0 3:4% 01:21 THRU 02,20 TOTAL $571.66 End of Statement 027 030103:13:32 031 VC41 EFTA00197848 CLEARED THROUGH ITS YiI101LY OWED SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT S m ear. Stearns & I fel 41' ( INSTITUTIONAL INTERESTS MC #2 ACCOUNT EXECUTIVE 3REENBERG.ALAN C. TELEPHONE VISIT OUR WEBSITE O. IA1 uearstearns.com STATEMENT PERKI0 THROUGH ACCOUNT NUMBER January 1. 2003 January 31.2003 What's In This Statement 11111111111111111 I I TAXPAYER NUMBER On File LAST STATEMENT December 31.2002 Financial Summary 3 INSTITUTIONAL INTERESTS A/C #2 Your Portfolio Holdings 4 CIO FINANCIAL TRUST COMPANY Transaction Detail 5 ATTN LARRY KEMP 6100 RED HOOK QUARTER Fund Activity 6 SUITE B-3 Your Messages 7 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURITIES THIS PERIOD 17.410.713 Cash S Equvalent S1.555.625 $, A13.487 NET CREDIT BALANCE MONEY MARKET FUND BALANCE 879.945 675.680 Equities 817.410.713 ccc ELI .............. Lmut $18.116.298 NET EQUITY Tits PERIOD $18.966.338 NM Current market value Last statements market value NET EQUITY LAST STATEMENT 19,529.785 CHANGE SINCE LAST STATEMENT -563.447 There are no 'Stop Lose orders or other pending buy or sell open orders on file for your account. Plaza repot, any [Mamma a rontoctIM of tern or Mocks. Mdicalod as &Woad lo you. n Gall Sonic.: al EC0634-I429. a vat. lo Mal Santos at Boer. Stow@ SecuMos Grp, Bfloo14,n. N.Y 12014104 St TME a•T•Tani for elIconabonal Reposes coly els fa Ifiellthld as a la doomed statenure shard be named for your records Soo revers* *Se few modem flameout 027 020003:15:36 001 v6e0 EFTA00197849 CLEARED IHROU311 ITS MOLY ORNED SUBSIDIARY INSTITUTIONAL INTERESTS NC #2 2 of STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0201,01:16:34 001 VGAO EFTA00197850 CLEARED IHRCUGH ITS (A1T,ED SUBSIDIARY B STURNS OFFICE SERViCiNG YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 3 Cash Flow Analysis Income Summary THIS PEPo00 NC REMO YEAS TO DATE Opening Balance $738,561.03 Dividends 6,300.00 6,300.00 Credit Balance Int. 2,569.41 2.569.41 Securities Sold 846,629.35 Money Fund 753.62 Total $8,869.41 $8,869.41 Dividends/Interest 8,869.41 Amount Credited $856,252.38 Portfolio Composition Securities Bought -714,115.07 Cashtash Equivalent 1.555.625 Money Fund -753.62 Equities 17.410.713 Amount Debited $-714.868.69 Total $18.966.338 Net Cash Activity 141,383.69 Closing Balance $879.944.72 Cash Balance Summary Beer Sean # INSTITUTIONAL INTERESTS AFC #2 STATEMENT PERIOD January 1.2003 THROUGH January 31. 2003 ACCOUNT NUMBER TAXPAYER KAMER On File UST STATEMENT December 31.2002 Your Portfolio Allocation OPEMNG CLOSNG Cash 8, Equivalent Cash 738,561.03 879,944.72 Net Cash Balance $738,561.03 $879.944.72 027 02.0I A3315:34 001 8% Unthnecl P0,00, 5 00°0* debt Octanes arniV moa male vela, The ;slot**, percent"?' is &rued iron to obsolAs mrkel value of palioo VE40 EFTA00197851 B STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 4 CLEARED limouGH ITS wHOLLT OHTED SUOHOTAny Beer Per INSTITUTIONAL INTERESTS NC #2 STATEMENT PERM January 1.2003 Your Portfolio Holdings CASH & CASH EQUIVALENTS THROUGH ACCOUNT NUMBER TAXPAYER AMMER January 31.2003 On FIM LAST STATEMENT December 31.2002 1AARXE1 ESTIMATED CuRPENT MCMAHON STMBOLCUSO QUANTITY PRICE VALUE MlNUAL INCOME TELO CASH BALANCE 879,945 BEAR STEARNS PRIME MONEY BSKOC< 675.680.07 1.0000 675,680 8.311 1.2300 MARKET PORTFOLIO CL Y DIVIDEND REINVESTED TOTAL CASH & CASH EQUIVALENTS $1,555,625 $8.311 EQUITIES Equities & Options ACC! PAANE1 EVENED CURRONT DESORPTION SYMBOLACUSIP ToPE QUANTITY PRISE VALLE ANMJAL INCOME VELD 011 ACC TIME WARNER INC AOL CASH 100.000 11.6600 1.166.000 AMERICAN INTERNATIONAL GROUP AIG CASH 25.000 54.1200 1.353.000 4.700 0.3474 INC BANK OF AMER CORP BAC CASH 30.000 70.0500 2.101.500 76.800 3.6545 CITIGROUP INC C CASH 27.375 34.3800 941.153 21.900 2.3269 GOLDMAN SACHS GROUP INC GS CASH 12.000 68.1000 817.200 5.760 0.7048 INTERNATIONAL. BUSINESS IBM CASH 20.000 78.2300 1.564.600 12.000 0.7670 MACHINES CORP JOHNSON& JOHNSON JNJ CASH 50.000 53.6100 2.680.500 41.000 1.5296 MBNA CORP KRB CASH 90.000 16.8300 1.514.700 28.800 1.9014 PFIZER INC PFE CASH 75.000 30.3600 2.277.000 45.000 1.9763 PROCTER & GAMBLE CO PG CASH 25.000 85.5700 2.139.250 41.000 1.9166 027 02,01,03:15:36 001 VEA0 EFTA00197852 CLEARED THROUGH ITS WHOLLY OuluED SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 5 Your Portfolio Holdings (continued) Equities & Options (continued) ACCT MARKET ESTRUM° CURFEW DESORPTION SIMBOUCUSIP DOE OUAMITY PACE VALLE ANNUAL iNCOIAE VELD DA/ VIACOM INC-CL B VIAB CASH 22,200 38.5500 855,810 Total Equities& Options $17.410.713 $276.960 TOTAL EQUITIES $17.410.713 $276.960 YOUR TOTAL ESTIMATED ANNUAL INCOME $285.271 YOUR PRICED PORTFOLIOHOLDINGS $18.966.338 Transaction Detail INVESTMENT ACTIVITY INSTITUTIONAL INTERESTS Ate #2 STATEMENT PERIOD January 1.2003 THROUGH January 31.2003 ACCOUNT NUMBER TAXPAYER AMBER On File LAST STATEMENT December 31.2002 SETTLEMENT DATE TRADE DATE TRANSACTION DESCRPTION 50,180..CUS-P aJANTIT, PP. .a DEBIT AMOUNT CREDIT AMOUNT 01/06/03 12/31/02 SOLD TYCO INTERNATIONAL LTD IYC .12.500 17.01650 211.449.84 AVG PRICE SHOWN-DETALS ON REO ACTUAL CONFIRM TO YOUR AGENT DISCRETIONARY ORDER 01/06/03 12/31/02 SOLD TYCO INTERNATIONAL LTD IYC .12.500 17.15090 213.129.79 AVG PRICE SHOWN-DETALS ON REO ACTUAL COAFIRM TO YOUR AGENT DISCRETIONARY ORDER birimb5 eir&i6a tritS INMINAYAVAL 115 1YC -25.000 16.98250 422.049.72 AVG PRICE SHOWN-DETALS ON REO ACTUAL CONFIRM TO YOUR AGENT DISCRETIONARY ORDER 027 0201.03:15:36 001 V640 EFTA00197853 B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 6 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLE!/ENT TRADE DATE PATE TRANSACTION 01/10/03 01/07/03 BOUGHT OESCRETION AOL TIME WARNER INC AVG PRICE SHOWN-DETALS ON REO ACTUAL COPFIRM TO YOUR AGENT DISCRETIONARY ORDER STISSOLCUSTP AOL GUMMY PMCE 50,000 14.16000 CLEARED THROUGH ITS molly cmT,E0 SUETSTOTAny Best Sean INSTITUTIONAL INTERESTS AC #2 STATEMENT PERIOD January 1.2003 THROUGH January 31.2003 AccouNT NUMBER TAXPAYER PANDER On FIM LAST STATEMENT December 31.2002 DEIST AMOUNT CREDIT AMOUNT 714,115.07 TOTAL $-714,115.07 $846,629.35 MONEY FUND ACTIVITY DATE moron TRTMACTIOST DESCRIPTION SYM(i:I.CUSIP OUANTRY PkCE DEBIT AMOUNT CREDIT AMOUNT 01/01/03 01/02/03 REINVEST birbitai• imvil5tiv15 01/31/03 OPENINGBALANCE gEywougsmoNEy REINVEST PRICE $ 1,00 MAN tYEARTZ MIME MOWN.' MARKET PORTFOLK) CL Y RECORD 12/31/02 PAY 12/31/02 INCLUDED IN 2002 1099 CLOSINGBALANCE BSMXX BSAIXX 674.926.45 753.62 675.680.07 753.62 75i0 TOTAL $-753.62 $753.62 DIVIDENDS DESCRIPTION STMECUCUSIP 01102103 MEINA CORP MB REC 12/13.102 PAY 01/01/03 MAMMY RATE TST 90.000 0.0700 CEBIT AMOUNT OgECIT AtICUla 6.300.00 TOTAL $6.300.00 027 0201,03:16:36 001 c640 EFTA00197854 CLEARED THROUGH ITS MOLY ORICO SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 7 c, Transaction Detail (continued) INTEREST INSTITUTIONAL INTERESTS Ate #2 STATEMENT PERIOD January 1.2003 THROUGH January 31.2003 ACCCUNT NUMBER TAXPAYER AMMER On FOB LAST STATEMENT December 31.2002 DATE DESCTG'TION SYMBOLSuSP OVANTIT, RATE I%; DEBIT AMOUNT CREDIT AMOUNT 01/08/03 AEU MINT 6/21102 -12)20O2 TO C 1 1/2% 1,999.69 01/21/03 INTEREST ONCREDIT BALANCE 0.1250 25.24 AT 0 1/8% 12/21 THRU 12/30 01/21/03 INTEREST ONCREDIT BALANCE 0.7500 418.28 AT 0 3/4% 12t31 THRU 01/20 01/22/03 MU CR INT 12/21.12130/02 126.20 TO a/46: TOTAL 52.569.41 Your messages The interest, it any, charged to your account during December 2002 was computed on the net debit balance through December 30. The interest, it any, charged to your account during January 2003 is computed from December 31, 2002. End of Statement 027 0201.03:1S:3B 001 VIIA0 EFTA00197855