EFTA00201075.pdf

Statements EFTA00201075 CLEARED THROUGH ITS WHCCLY OWNED SUBSIDIARY BEAR STEARNS OFFICE SEM/lei/43 YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. New York 10179 INVESTMENT PROFESSIONAL ZICHEFUAAN.IFLA TELEPHONE VISIT OUR WEBSITE ivmv.bearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings ........................... 4 6 Fund ActiviTY .......................................... 6 Your Messages ...................................... 7 Your Portfolio at a Glance TOTAL VALUE CF SECURITIES THIS PERIOD 4,223,821 MONEY MARKET FUND BALANCE 516,440 Illlllllllllllllllllllllllll1llllllllllllllllllllllllllllllll1 JEFFREY EPSTEIN CIO FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK (WATER B-3 ST THOMAS VI 00802-1348 Market Value of Your Portfolio Cash & Equwalent 550167.1476o NET EQUITY THIS PERIOD $4,740,261 NET ECLAT? LAST STATEMENT 4,883,437 CHANGE SINCE LAST STATEMENT -143.176 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Equities Roza row ant Ottawa, a rooroaig ol twits or stocks, macaw! m clotkoroo to ,Bu. 10 CI of Salon at 804614.1428: a Nu to Clom SONIC.. a Boa. Smarm &comas Cap.. Co. 1.1flok•-li Calla North. 8rodlyn, NY 112014559 027 50.223.821 50.376261 Current market value Last statements market value Seer. Reams Sectinnes Can. Cno Motrotoch Conk. North bcdttin. New York 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD June 30.2007 THROUGH Job 31.2007 ACCOUNT NUMBER TAXPAYER MASER On File LAST STATEMENT June 29.2007 sI This summary is for informational purposes only. II is not intended as a tax document. K This statement should be retained for your records. See reverse side for important information. oavirci707i9 001 V015 EFTA00201076 CLEARED THROUGH ITS YRIOLLY ORIVED SU9510MRY SW. Sleben SMARR. CYO. One Metaled, Conk. North 9roStlin. Nov York 11201.3859 JEFFREY EPSTEIN 2 or 7 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0E001107071 9 001 W15 EFTA00201077 CLEARED THROUGH ITS INHCU.Y OMED SUOSIDIATiv BEAR STEARNS OFFCE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York. New York 10179 3 r/ Cash Flow Analysis Income Summary THIS PERIOD 1143 PERIOD YEAR TO DATE Opening Balance $0.00 Dividends 9.264.16 93.029.39 Money Fund 2.117.28 Total 59 264.16 $93.029.39 Dividends/Interest 7.146.88 Amount Credited $9.264.16 Portfolio Composition Money Fund -9.264.16 CashCash Equivalent 516.440 Amount Debited $-9,264.16 Equities 4.223.821 Closing Balance $0.00 Total $4,740,261 027 OW01)0707:19 001 V015 Beef. Steams Securing. Corp 0"' Mewled, Conic. North bcdtlin. New York 11201.3859 JEFFREY EPSTEIN STATEMENT PEF000 June 30.2007 THROUGH AO 31.2007 AccouNT NUMBER TARPAYEA NUMBER On File LAST STATEMENT June 29.2007 Your Portfolio Allocation Cash8Equivalent , 10% \ Equities 90% Undadocl porno's demo* Oat balance smite shod martac varLos. IT aTocaller, patentor es cloWed Wm to ablaze market Moo or yote EFTA00201078 CLEARED THROUGH ITS vmCuy ORTAED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACcOliNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. Nell York 10179 4 vi Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRPROH SAIBO1.OJSIP DREYFUS CASH MANAGEMENT-CL A DIOCT INSTITUTIONAL SHARES EST. 30 DAY AVG YIELD 5.2100% TOTAL CASH & CASH EQUIVALENTS $516.440 516.440.44 MA;NE NICE 1N.UE 1.0000 516.440 EQUITIES Seal. WARN SANAA* Goo. One Marital, Cala North baltlin. Nat York 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD June 30.2007 THROUGH Juk 31.2007 ACCOUNT NUMBER TAXPAYER KAMER Cfl File LAST STATEMENT June 29.2007 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 = Outperform; P = Peer Perform; U = Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market underweight. In cases where the BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed. where such research is available. The various providers use different ratings systems and have normalized them as follows: B = Buy; H = Hold: S = Sell (this may not always correspond directly to the underlying rating system used by each provider or BSC). The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal, or investment advice. Bear Steams is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent, third•party research on certain companies covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at rawasarsteams.com or can call (800) 517.2327 to request that a copy of this research be sent to them. DESCRPRON MEMO/SIP ACCT TYPE OVATOTTY PRICE IMAKE1 VALVE &mono ANNUAL INCOME ESRMATED YEW 1%4 FELCOR LODGING TRUST INC FCH CASH 2.000 21.9600 43.920 2,400 5.4645 GLIMCHER REALTY TRUST-Sal GRT CASH 2,000 21.2600 42.520 3,846 9.0452 HRPT PROPERTIES TR-Sal HRP CASH 10,000 9.3500 93.500 8,400 8.9840 HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 38.3600 76.720 6.080 7.9249 SBI 027 06,01107,37:19 001 VOIS EFTA00201079 CLEARED THROUGH ITS vmCuy ONNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR AC/OONT Bear. Stearns & Co. Inc. 383 Madison Avenue New VOrk Nell York 10179 5 SW. Stearn SeewIlke Cop One Marital, Cala North baltlin. Nat York 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD June 30. 2007 Your Portfolio Holdings (continued) THROUGH Juk 3T.2007 ACCOUNT NUMBER TAXPAYER KAYSER On File LAST STATEMENT June 29.2007 Equities & Options (continued) ACCT MARKET ESTMATED ESTIMATED DESCRIPTION SIMBOUCuSIP W t OUAMITY PACE VALUE ANNUAL NCO1AE VELD I%) JOHNSON& JOHNSON JNJ CASH 57,800 60.5000 3.496.900 95,948 2.7438 BSC RATITO: STOCK P/SECTOR MW KED DAVIS RESEARCH RATING: IMAGO REALTY CORP KIM CASH 98 37.3300 3.658 157 4.2920 BSC RATING: STOCK 0/SECTOR MW GREEN STREET ADVISORS. INC. RATING: H MS LUCENT TECHNOLOGIES INC LUTHW CASH 235 0.0700 16 DIP 12/10/2007 NAYARIT GOLD INC NYRTF CASH 19 0.7990 15 PENNSYLVANIA REAL ESTATE PEI CASH 1.794 38.9400 69.858 4.090 5.8547 INVESTMENT TRUST-S& RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 32.2000 386.400 22.200 5.7453 TRUSTMO gal SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 3.0100 3,010 BSC RATMO: STOCK 0/SECTOR MW ATLANTIS RESEARCH RAMO: B TRAVELCENTERS OF AMERICA LLC TA CASH 200 36.5200 7.304 Total Equities& Options $4.223.821 $143.121 TOTAL EQUITIES $4.223.821 $143.121 W15 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $143.121 YOUR PRICED PORTFOLIOHOLDINGS $4,740,261 027 00,01107071 9 001 EFTA00201080 CLEARED THROUGH ITS MOLY ORIVED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR AC/OliNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York. Nell York 10179 Transaction Detail MONEY FUND ACTIVITY SW. warns SMARR. GOO. One MARANO Center North Staltlin. Nov York 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD June 30.2007 THROUGH Ju, 31.2007 ACCOUNT NUMBER TAXPAYER NURSER OD FAA LAST STATEMENT June 29.2007 DATE MOAT TRANSICTICN DESCRIPTCN SYMECUCVSIP DUMMY PRCE DEBIT AMOUNT CREDIT AMOUNT 06/30/07 OPENINGBALANCE 507,176.28 07/02/07 AMAMI DREYFUS CASH MANAGEMENT-CL A DICXX 5,550 1.0000 5,550.00 INSTERITICNAL SHARES 07/02/07 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICXX 2.117.28 INSTITUTIONAL SHARES MONTItY DIVIDEND 07/02/07 REINVEST DREYFUS CASH MANAGEMENT-CL A DICXX 2,117.28 2,117.28 INSTTruTiONAL SHARES DIVIDEND REINVEST 07/18/07 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICXX 996.88 1.0000 996.88 INSITHITCNAL SHARES 07/31/07 BOUGHT DREYFUS CASH MANAGEMENT-CA. A DICK% 600 1.0000 600.00 INSTITUTIONAL SHARES 07/31/07 CLOSINGTIMANCE 516,440.44 TOTAL $9,264.16 $2.117.28 DIVIDENDS DATE DESCRIPTION 07/02/07 RAMCO GERSHENSON PROPERTIES TRUSTMO SIN REC 06/2W07 PAY 07/02/07 STMEICIAUSIP RPT DUMMY RAE 12.000 0.4625 DEBIT AMOUNT CREDIT AMOUNT 5,550.00 07/16/07 GLIMCHER REALTY TRUST-S8I REC 06/29/07 PAY 07/16/07 GAT 2.000 0.4808 961.60 07/16/07 KIMCO REALTY CORP KIM 98 0.3600 35.28 REC 07/05/07 PAY 07/16/07 027 OW01/0707:19 001 V015 EFTA00201081 CLEARED THROUGH ITS vmCuy ORNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACcOliNT Bear. Steams 8 Co. Inc. 383 Madison Avenue New York. Nell York 10179 7 vi Transaction Detail (continued) DIVIDENDS (continued) DATE DESCRPTION SYMBOUCVSIR CUMIN" Re.TE fo 07/31/07 FELCOR LODGING TRUST INC FCH 2.000 0.3000 REC 07/13/07 PAY 07/31/07 DEBIT AMOUNT Beef. Reams SecudOes Goo One Metaled, Conic. North 9roStlin. Nov York 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD June 30.2007 THROUGH Juk 31.2007 ACCOUNT NUMBER TAXPAYER KAMER Ofl File LAST STATEMENT June 29.2007 CREDIT AMOUNT 600.00 TOTAL $7.146.88 Your messages You are advised to promptly report any inaccuracy or discrepancy in your account to your broker and Bear, Steams Securities Corp, cBSSC1 at the telephone numbers listed on the front of this statement, In order to protect your rights, including any rights under the Securities Investor Protection Act ("SIPA"), any such communications should be reconfirmed in writing to your broker and FtSqr at the addresses which appear on the front of this statement. End of Statement 027 0501/0707:19 001 1015 EFTA00201082 CLEARED THROUGH ITS vmCo.v GimgED SUBS:M.0w BEAR STEARNS OFFICE SERVICING YOUR ACcOlINT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New Ask Nell York 10179 IIIIIIIIIIIIIIIIII lllll IIIIIIIIIIIIIIIIIIIIIIIIIIIII I111111111 JEFFREY EPSTEIN C/0 FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK (WATER 8-3 ST THOMAS VI 00802-1348 Seal. Reams Secudik4 Goo One Metaled, Conk. North Sto*kn. Nov York 112014859 JEFFREY EPSTEIN STATEMENT PERIOD June 1.2007 THROUGH June 29.2007 =scow NUMBER 038-28825 TAXPAYER KINSER Cfl File LAST sTATELIENT May 31.2007 Pursuant to your previously issued instructions, Bear Steams Securities Corp, provides duplicate monthly statements and/or transaction confirmations to the third parties listed on the cover page of this statement, If you wish to modify or cease distribution to any of the recipients indicated, please contact your Investment Professional, This reminder notice will continue to be provided to you on your quarterly statements, ThiaLeatty EPSTEIN INTERESTS A/C JEFFREY EPSTEIN ATTN HARRY BELLER 457 MADISON AVE 4TH FLR NEW YORK NY 10022 027 06'300707A3 001 V011 EFTA00201083 CLEARED THROUGH ITS WHOLLY ORAED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACtOAlNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York. Nell York 10179 DIVESTMENT PROFESSIONAL ZICHEFUAAN.IRA TELEPHONE NM OUR WEBSITE iymv.bearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings ........................... 4 6 Fund ActMEY ..... 6 Your Messages ...................................... 8 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD MONEY MARKET FUND BALANCE IIIIIIIIIIIIIIIIII ..... IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII JEFFREY EPSTEIN CIO FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK (WATER B-3 ST THOMAS VI 00802-1348 Market Value of Your Portfolio 4376261 a 5507.176 $480.071 Cash fibs...went Equities .376.261 $4.513.028 507,176 NET EQUITY This PERIOD $4,883,437 NET ECUITY LAST STATEMENT CHANGE SINCE LAST STATEMENT 4,993,099 -109.662 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Fuze food oaf clIbronoo a nonrocag ol tss or Maks, oldicolod z clakorod lo p5u. lo duel Son1coo el 800611.1428: a ,o,t 10 ChM Sank.. a Bow. SMarra SecuMos Ca,.. One 1.10o1m1, Cala Rath. Srodbri, NY. II2014160 027 Current market value MO Last statements market value Bear. Steams securion Cap. Cne Metaled, Conic. North arcdtlin. Nov York 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD June 1.2007 THROUGH June 29.2007 ACCOUNT NUMBER TAXPAYER re/mBER On File LAST STATEMENT May 31.2007 sIK This summary is for informational purposes only. It is not intended as a tax document. This statement should be retained for our records. See reverse side for important information. 06,300707M 001 VOII EFTA00201084 CLEARED THROUGH ITS Ym0uY ORIVED SLISSICHAAv Seal. SleanIS SMARR. Cv0. One Mewled, Conk. North 9roStlin. Nov York 11201.3859 JEFFREY EPSTEIN 2 of e STATEMENT BACKER IS PRINTED ON THIS PAGE 027 06.300707:43 001 V011 EFTA00201085 CLEARED THROUGH ITS VOICU.Y OW CO SUERIDIAFiv BEAR STEARNS OFFICE SERPON3 YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. New York 10179 3 ri Cash Flow Analysis Income Summary THIS PEFICO THIS PERIDD YEM TO DATE Opening Balance $0.00 Dividends 27.105.38 83,765.23 Money Fund 2.095.80 Total $27.105.38 $83.765.23 Dividends/Interest 25,009.58 Miscellaneous 7,400,000.00 Amount Credited $7,427,105.38 Portfolio Composition CashICash Equivalent 507,176 Money Fund -27.105.38 Equities 4,376,261 Funds Withdrawn -7,400.000.00 Total $4,883,437 Amount Debited $-7.427,105.38 Closing Balance $0.00 027 060300707:43 001 U011 13.0. 5111015 SIMON GOO One Matrotech Ceuta. Horn Eltanten. New Ye* 11201.3559 JEFFREY EPSTEIN STATEMENT PER100 June 1.2007 THROUGH June 29.2007 ACCOUNT NUMBER TAXPAYER NUO3ER On File LAST STATEMENT May 31.2007 Your Portfolio Allocation Cash&Equivalent 10% \ERLatIeS 90% Untended Porno's denote OHM balance antler short mama yews TM alumnn warmer is awned Run to nersolse Amen Ma* in 'Re pcalolo. EFTA00201086 CLEARED THROUGH ITS vmCo.T OTTAED SUMP:H.0w BEAR STEARNS OFFICE SERVICING YOUR ACcOliNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YOrk. NEW York 10179 4 th/ Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRPROH SYMBOSCUSIP DREYFUS CASH MANAGEMENT-CL A DIOCT INSTITUTIONAL SHARES EST. 30 DAY AVG YIELD 5.2200% TOTAL CASH & CASH EQUIVALENTS $507,176 OUANTITY 507,176.28 MARKET PRICE VALUE 1.0000 507,176 EQUITIES Seal. WATS Slade* Cop One Metaled, Conk. North boStlin. Nov York 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD June 1.2007 THROUGH June 29.2007 ACCOUNT NUMBER TAXPAYER At/USER Cfl File LAST STATEMENT May 31.2007 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 = Outperform; P = Peer Perform; U = Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market underweight. In cases where the BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed. where such research is available. The various providers use different ratings systems and have normalized them as follows: B = Buy; H = Hold: S = Sell (this may not always correspond directly to the underlying rating system used by each provider or BSC). The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal, or investment advice. Bear Steams is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at iwatbearsteams.com or can call (800) 517.2327 to request that a copy of this research be sent to them. DESCRIPTOR STAIEWCUSIP ACCT TYPE OVATOTTY PRICE IMAKEI VALVE ESTRIATED ANNUAL INCOME ESITIATED YEW PE FELCOR LODGING TRUST INC FCH CASH 2.000 26.0300 52.060 2,400 4.6101 GLIMCHER REALTY TRUST-SBI GRT CASH 2,000 25.0000 50.000 3,846 7.6920 HRPT PROPERTIES TR-SBI HRP CASH 10,000 10.4000 104.000 8,400 8.0769 HOSPITAUTY PROPERTIES TRUST HPT CASH 2,000 41.4900 82.980 6.080 7.3271 SBI 027 0S'3ON7A7:43 001 V011 EFTA00201087 CLEARED THROUGH ITS YRICU.Y 0918ED SUSSIDIAFiv BEAR STEARNS OFFICE SERVICING YOUR AC/OONT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, NON York 10179 5 vi 8.9. WOMB 51004801 COIp. One Motrotoch Conley North 9tooldrn. Nov York 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD June 1.2007 Your Portfolio Holdings (continued) THROUGH ACCOUNT NUMBER TAXPAYER MALISER LAST STATEMENT June 29.2007 On File May 31.2007 Equities & Options (continued) (OCT MARKET ESTATATD) ESTIMATED DESCRIPTION SYMBarCUSIP IYPE OUAMITY PACE VALLE ANNUAL INCOME YEW IV JOHNSON& JOHNSON JNJ CASH 57,800 61.6200 3.561.636 95,948 2.6939 BSC RAMO: STOCK P/SECTOR MW KED DAVIS RESEARCH RATI/43: B KIMCO REALTY CORP KIM CASH 98 38.0700 3.731 141 3.7791 BSC RAMO STOCK 0/SECTOR MU GREEN STREET ADVISORS. INC. RATING: S MS LUCENT TECHNOLOGIES INC LUTHW CASH 235 0.1700 40 DIP 12/10/2007 NAYARIT GOLD INC NYRTF CASH 19 0.8200 16 PENNSYLVANIA REAL ESTATE PEI CASH 1.794 44.3300 79,528 4.090 5.1428 INVESTMENT 11RUST&IN RAMCO GEFISHENSON PROPERTIES APT CASH 12,000 35.9300 431.160 22.200 5.1489 TRUSTMO 581 SIRIUS SATELLITE RADIO INC SIRI CASH 1,000 3.0200 3.020 BSC RAMO: STOCK 0/SECTOR MW ATLANTIS RESEARCH RADNO: B TRAVELCENTERS OF AMERICA LLC TA CASH 200 40.4500 8.090 Total Equities& Options $4.376,261 $143.105 TOTAL EQUITIES $4,376,261 $143.105 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME 8143.105 YOUR PRICED PORTFOLIOHOLDINGS $4,883,437 027 0630(070783 001 V011 EFTA00201088 CLEARED THROUGH ITS WUCuy OmED SUBSIDIARY BEAR STEARNS CONDE SERVICING YOUR ACIOriNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. Nell York 10179 6 vi Transaction Detail DEPOSITS AND WITHDRAWALS DATE ITTARSACTON DESCRVICH 06/15/07 END WIRED MD ENDSWIRED TO A Bibb TOTAL DEBIT ANOINT CREDIT MAXIM 7,400,000.00 $-7.400.000.00 MONEY FUND ACTIVITY Beef. Warn SMARR. GOO. One Metaled, Conic. North 9roStlin. Nov York 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD June 1.2007 THROUGH June 29.2007 ACCOUNT NUMBER TAXPAYER MAWR Ofl File LAST STATEMENT May 31.2007 DATE 1.130Ar TRINSACTIC0/ DESCRIPTOR SYMEOUCCSIP QUANTA), PRICE DEBIT AMOUNT CREDIT AMOUNT 06/01/07 OPENINGBALANCE 480.070.90 06/01/07 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICXX 2.095.80 INSTITUTIONAL SHARES MCNTRLY DIVIDEND 06101/07 REINVEST DREYFUS CASH MANAGEMENT-CL A DICK( 269680 2.095.80 INSTITUTIONAL SNARES DIVIDEND REINVEST 06112/07 BOUGHT DREYFUS CASH MANAGEMENT-CL A DIC)d< 23,987 1.0000 23,987.00 INSTITUTIONAL SHARES 06/15/07 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICXX 1,022.58 1.0000 1,022.58 INSTITUTIONAL SHARES 06/29/07 CLOSINGBALANCE 507.176.28 TOTAL $.27.105.38 $2.095.80 027 06300707:43 001 11011 EFTA00201089 CLEARED THROUGH ITS YmCuy OuIVED SUSSICHARv BEAR STEARNS OFFICE SERV1CiN3 YOUR ACcOliNT Bear. Swains 8 Co. Inc. 383 Madison Avenue New YOrk. Nell York 10179 7 v. v Transaction Detail (continued) DIVIDENDS DATE DESCRKION PMEOICUSIP owing RATE IS) 06/12/07 JOHNSON& JOHNSON JNJ 57,800 0.4150 REG 06/29/07 PAY 06/12107 CEO! AMOUNT Seal. Wane SAMOA. GYP. One Metaled, Conic. North 9roStlin. Nov York 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD June 1.2007 THROUGH June 29.2007 ACCOUNT NUMBER TAXPAYER KAMER Ofl File LAST STATEMENT May 31.2007 CREW AMOUNT 23,987.00 06/15/07 PENNSYLVANIA REAL ESTATE PEI 1,794 0.5700 1,022.58 INVESTMENT TRUST-SBI REC 06/01/07 PAY 06/15/07 TOTAL 525.009.58 MISCELLANEOUS DATE 1.10DAT PANSACTte: DESCRIPTOR 06/15/07 JOURNAL FROM TOTAL Data MOW CPECIT NACCA1 7.400.000.00 37.400.000.00 027 060300707AG 001 V011 EFTA00201090 CLEARED THROUGH ITS IMICUY ODIVED SLIESIDIAAv BEAR STEARNS OFFICE SERVICING YOUR ACcOliNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New Yo.t. New York 10179 8 Your messages ra' 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, You are advised to promptly report any inaccuracy or discrepancy in your account to your broker and Bear, Steams Securities Corp, ('BSSC') at the telephone numbers listed on the front of this statement, In order to protect your rights, including any rights under the Securities Investor Protection Act ("SIPA"), any such communications should be reconfirmed in writing to your broker and RS ' at the addresses which appear on the front of this statement, End of Statemen 027 fa" SW. warns sennywn CYO. One Metaled, Conk. North StaltDn. Nov York 112014559 JEFFREY EPSTEIN STATEMENT PERIOD June 1.2007 THROUGH June 29.2007 ACCOUNT NUMBER TAXPAYER MNSER Ofl File LAST STATEMENT May 31.2007 SPECIAL NOTICE FOR MARGIN CUSTOMERS If you are a customer with a margin account, you consent to Bear Steams right to use, lend or pledge any securities held by Bear Stearns in your margin account, In certain circumstances, such loans or other use may limit, in whole or in part, your ability to receive dividends directly from the issuing company and/or your right to exercise voting and other attendant rights of ownership with respect to the loaned, sold or pledged securities. Such circumstances include, but are not limited to, bans of securities that you own in your margin account that continue over record dates for voting purposes and ex-dividend dates for dividend distributions. If you do not receive dividends directly from the issuing company, you may receive payments-in-lieu of dividends which could cause you to lose the benefit of the preferential tax treatment accorded to dividends. In an effort to maximize execution quality, Bear Stearns may route your equity orders to its Smart Order Router (SOR), The SOR accepts limit and market orders and automates their routing across several sources of liquidity in an attempt to maximize price and minimize market impact with respect to your order. The SOR routes orders using proprietary algorithms that scan exchanges, ECN's and other liquidity venues before it decides a strategy designed to achieve an optimal execution for clients, The SOR may in the course of executing an instruction change the entered order type from market to limit or may change the entered limit price in an attempt to obtain the best price. Although the Firm believes that the regular use of this technology benefits clients by achieving overall better execution quality, we cannot guarantee an optimal execution on any individual order. 06030(0707:43 001 U011 EFTA00201091 CLEARED THROUGH ITS WHOLLY DOMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACcOliNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New Auk Nell York 10179 INVESTMENT PROFESSIONAL ZICHEFtMAN.IFtA TELEPHONE VISIT OUR WEBSITE evetbearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings ........................... 4 6 Fund ActMtY .......................................... 6 Your Messages ...................................... 7 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD 4.513.028 MONEY MARKET FUND BALANCE 480,071 IIIIIIIIIIIIIIIIII ..... IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII JEFFREY EPSTEIN CIO FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK (WATER B-3 ST THOMAS VI 00802-1348 Market Value of Your Portfolio Cash & Equvalent —IIIII $480.07 $474.448 NET EQUITY THIS PERIOD $4,993,099 he ECLAT? LAST STATEMENT CHANGE SINCE LAST STATEMENT 5,048,826 -55,727 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Equities H Plaza room any Offeconce a neoroctiot of teaks or sKKks. calcalect z &Orme to ,cu. lo Gent Shim. al 800614.1428: a vat to Clad Services a Sow. Sean SccuMes Cap. One lanolecli Coma Noth.l3HHOHH, NY 112014050 027 Current market value Ili Last statements market value S4.513.028 94.574.378 13Nr. sown SIMON, Cap. Clry Matratech Conley North Eitaltan. Nov York 112014859 JEFFREY EPSTEIN STATEMENT PERK* May 1.2007 THROUGH May 31.2007 ACCOUNT NUMBER TAXPAYER NULI3ER On File LAST STATEMENT April 30.2007 sIK This summaryis for informational purposes only. It is not intended as a tax document. This statement should be retained for our records. See reverse side for important information. 06.01/0705A4 001 VOID EFTA00201092 CLEARED THROUGH ITS WHOLLY OMIED SUBSIDIARY Bat. BOOMS SeOudlin Cat. Ono Llevotech Center Noah 8recIdgn. New York 11201.0859 JEFFREY EPSTEIN 2 of STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0601/070541 001 ,A)10 EFTA00201093 CLEARED THROUGH ITS 19/11CLLY OVMED SU8SIDIAAv BEAR STEARNS OFFCE SERVICING YOUR ACCCUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York. New York 10179 3 c/ 5581. Sown Seournes Core One Metrotech Center North &calm. New Ye* 112013559 JEFFREY EPSTEIN STATEMENT PERKO May 1.2007 Cash Flow Analysis THIS PEFICO Income Summary THIS PERK* THROUGH ACCOUNT NUMBER TAXPAYER NUMBER YEAR TO DATE May 31.2007 OR File WI 30.2007 LAST STATEMENT Opening Balance $0.00 Dividends 5.623.30 56,659.85 Money Fund 2.003.30 Total $5.623.30 $56.659.85 Funds Deposited 2,500,000.00 Dividends/Interest 3.620.00 Amount Credited $2,505,623.30 Portfolio Composition Cash/Cash Equivalent 480,071 Money Fund -5.623.30 Equities 4.513,028 Funds Withdrawn -2,500.000.00 Total $4,993,099 Amount Debited $-2.505,623.30 Closing Balance $0.00 027 0801/0705A4 001 V010 Your Portfolio Allocation Cash 8Egaraient Equities 91% Unteeeti porno's denote debt babnce mkt shad Ticket vatos alosumn warm", m clothed from to Absola Amnon male el psi coritim. EFTA00201094 CLEARED THROUGH ITS YRICuy OHNED SUOMI:H.0w BEAR STEARNS OFFICE SERVICING YOUR ACcOliNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. Nell York 10179 4 vi Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRPI1ON SYMBOUCOSIP DREYFUS CASH MANAGEMENT-CL A DIOC( INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 5,1900% TOTAL CASH & CASH EQUIVALENTS $480,071 480.070.90 MENET MICE VALUE 1.0000 480,071 EQUITIES Seal. SOWN SMOOCH Cory. One Marital, Cala North baltlin. Nat York 11201.3859 JEFFREY EPSTEIN STATEMENT PERM May 1.2007 THROUGH May 31.2007 ACCOUNT NUMBER TAXPAYER AVSSER Cfl File LAST STATEMENT *11 30.2007 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 = Outperform; P = Peer Perform; U = Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market underweight. In cases where the BSC rating is present, the name of an independent, third•party research provider and their rating may also be displayed. where such research is available. The various providers use different ratings systems and have normalized them as follows: B = Buy; H = Hold: S = Sell (this may not always correspond directly to the underlying rating system used by each provider or BSC), The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal, or investment advice. Bear Steams is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent, third•party research on certain companies covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at iwatbearsteams.com or can call (800) 517.2327 to request that a copy of this research be sent to them. DESCRPRON STAIEWCUSI0 ACC! nn OUMMTY PRICE IMPXET VALUE ESTIMIE0 ANNUAL MCCUE ESITUTED VELD IS7 FELCOR LODGING TRUST INC FCH CASH 2.000 26.1900 52,380 2,000 3.8183 GLIMCHER REALTY TRUST-SBI GRT CASH 2,000 27.2500 54.500 3,846 7.0569 HRPT PROPERTIES TR-SBI HRP CASH 10,000 11.4800 114.800 8,400 7.3171 HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 44.4400 88.880 6.080 6.8407 SBI 027 06.0100705:44 001 VOID EFTA00201095 CLEARED THROUGH ITS WHOLLY ONNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACcOliNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 5 Your Portfolio Holdings (continued) Equities & Options (continued) ACV DESCRIPTION SMIBOUCuSIP 7YPE OUAMITY PRICE PMFIKET VALUE ESTIMATED ANNUAL NCO1AE ESTIMATED VELD IM JOHNSON& JOHNSON JNJ CASH 57,800 63.2700 3.657.006 95,948 2.6237 BSC RAMO: STOCK P/SECTOR MW LEO DAVIS RESEARCH RATING: B KIMCO REALTY CORP KIM CASH 98 46.2900 4.536 141 3.1085 BSC RATING: STOCK 0/SECTOR MW GREEN STREET ADVISORS. INC. RATING: S MS LUCENT TECHNOLOGIES INC LUTWE CASH 235 0.1800 42 BP 12/10/2007 NAYARIT GOLD INC NYRTF CASH 19 0.7850 15 PENNSYLVANIA REAL ESTATE PEI CASH 1,794 47.5300 85.269 4,090 4.7966 INVESTMENT TRUSTSM RAMCO GEFISHENSON PROPERTIES APT CASH 12,000 36.9900 443.880 22,200 5.0014 TRUSTMO 581 SIRIUS SATELLITE RADIO INC SIRI CASH 1,000 2.9300 2.930 BSC RATING: STOCK P/SECTOR MW ATLANTIS RESEARCH RATiNG: B TRAVELCENTERS OF AMERICA LLC TA CASH 200 43.9500 8.790 Total Equities& Options $4,513,028 $142,705 TOTAL EQUITIES $4,513,028 $142,705 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $142,705 YOUR PRICEDPORTFOLIOHOLDINGS $4,993,099 Seal. Reams Secudikp Goo. Cno Marital, Cala North Staltlin. Nat York 11201.3559 JEFFREY EPSTEIN STATEMENT PERIOD May 1.2007 THROUGH May 31.2007 ACCOUNT NUMBER TAXPAYER KAMER On File LAST STATEMENT *11 30.2007 027 06.0110705A4 001 V010 EFTA00201096 CLEARED THROUGH ITS vmCuy OmNED SUBSIDIARY TOTAL BEAR STEARNS OFFICE SERVICING YOUR ACcOliNT Bear. Swains 8 Co. Inc. 383 Madison Avenue New VONT Nell York 10179 6 vi Transaction Detail DEPOSITS AND WITHDRAWALS DATE ITTAAISACTOR 05/09/07 FND WIRED DEPA1 A1101,11/1 CREDIT MAXIM NDS WIRED "O RM. 2,500,000.00 05/09/07 FUNDS REC FNDS WIRED TO CITIBANK FROM 2500.000.00 $-2,500,000.00 $2.500.000.00 MONEY FUND ACTIVITY ONO. SOWN STORM* Cap. CnoMerotoch Conla North BroStlin. New York 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD May 1.2007 THROUGH May 31.2007 ACCOUNT NUMBER TAXPAYER AMMER OR File LAST STATEMENT *11 30.2007 DATE MCDAY TRANSACTOR DESCRIPTOR SYMECUCUSIP oumrtrry POCE DONT AMOUNT CREDIT AMOUNT 05/01/07 OPENINGBALANCE 474,447.60 05/01/07 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICA 2,00320 INSTITUTIONAL SHARES MCNIKY DIVIDEND 05/01/07 REINVEST DREYFUS CASH MANAGEMENT-CL A [XXX 2.00320 2,003.30 INSTITuDONAL SHARES DIVIDEND REINVEST 05/18/07 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICK% 1,520 1.0000 1,520.00 INSTITUTIONAL SHARES 05/24/07 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICK% 2,100 1.0000 2,100.00 INSTITUTIONAL SHARES 05/31/07 CLOSINGBALANCE 480,070.90 TOTAL 5.5.623.30 $2.003.30 027 06.0110705A4 001 VOID EFTA00201097 CLEARED THROUGH ITS YmCuy OHIVED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACcOliNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York. Nell York 10179 7 vi Transaction Detail (continued) DIVIDENDS Seal. Sleben SMARR Cat. One Marital, Cala North baltlin. Nat York 11201.3859 JEFFREY EPSTEIN STATEMENT PERM May 1.2007 THROUGH May 31.2007 ACCOUNT NUMBER TAXPAYER KAMER Cfl File LAST STATEMENT April 30.2007 DATE DESCRPTION SYMOCIJCUSIP WNW ME IS) Calf AMOUNT CREDIT AMOUNT 05/17/07 HOSPITALITY PROPERTIES TRUST HPT 2,000 0.7600 1,520.00 881 REC 04/16/07 PAY 05/17/07 05/24/07 HRPT PROPERTIES TR-SBI HRP 10,000 0.2100 2,100.00 REC 04/23/07 PAY 05/24/07 TOTAL $3,620.00 Your messages Bar You are advised to promptly report any inaccuracy or discrepancy in your account to your broker and Bear, Steams Securities Corp, (BSSC) at the telephone numbers listed on the front of this statement, In order to protect your rights, including any rights under the Securities Investor Protection Act ("SIPA", any such communications should be reconfirmed in writing to your broker and BSSC at the addresses which appear on the front of this statement, End of Statement 027 O6'0u07.05:/ 001 VOID EFTA00201098 CLEARED THROUGH ITS 19/11CU.Y ORIVED SUSSIDIAAv BEAR STEARNS OFFCE SERVICING YOUR ACCCuNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 INVESTMENT PROFESSIONAL ZICHERMANJRA TELEPHONE VISIT OUR WEBSITE retny.bearsteams.com What's In This Statement Financial Summary 3 Your Portfolio Holdings ........................... 4 6 Fund Ac1M1Y .......................................... 6 Your Messages ...................................... 7 Illlllllllllllllllllllll IM lllllllllllllllllllllllllllllllll JEFFREY EPSTEIN CIO FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK (WATER 8-3 ST THOMAS VI 00802-1348 Your Portfolio at a Glance Cash& Equvalent Market Value of Your Portfolio TOTAL VALUE OF SECURITIES THIS PERIOD 4,574,378 $4 $467.35.40438 MONEY MARKET FUND BALANCE 474,448 Equities ■ $4.574.378 $4.329,349 NET EQUITY This PERIOD $5,048,826 Current market value NET ECUITY LAST STATEMENT 4,794,752 NO Last statements market value CHANGE SINCE LAST STATEMENT 254,074 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Promo rood on/ clIforonoo a ccoroctiot of chacks or stocks, oulicolal as dotkorod to ,cu. to Cleni Sonic°. al 800614.1428: a veto to Clom Bonk.. a Bow. Swarm SecuMos Ca,.. One Lletok•-li Carlo, North. ErrooNyn, NY 112014859 027 seem. Steams Seamen core. Cno Motrotoch Conk. North &calm Nov Vomit 11201.1859 JEFFREY EPSTEIN STATEMENT PERK* March 31.2007 THROUGH April 30.2007 ACCOUNT NUMBER TAXPAYER MOWER On File LAST STATEMENT March 30.2007 sIK This summary is for informational purposes only. II is not intended as a lax document. This statement should be retained for our records. See reverse side for important information. 0901107.07:14 001 V009 EFTA00201099 CLEARED THROUGH ITS WHOLLY ORNED SUBSIDIARY Seal. Reams RecutWei Cup Cm Metaled, Conk. North 9roStlin. Nov York 11201.3859 JEFFREY EPSTEIN 2 or 7 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 05,011070714 001 V009 EFTA00201100 CLEARED THROUGH ITS 19/11CU.Y ODISED SUSSIDIATiv BEAR STEARNS OFFICE SERVICING YCUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York. New York 10179 3 Cash Flow Analysis Income Summary THIS PERICO 11S PEP CO YEAR TO DATE Opening Balance $0.00 Dividends 9.044.56 51.036.55 Money Fund 1.997.68 Total $9,044.56 $51,036.55 Dividends/Interest 7.046.88 Amount Credited $9.044.56 Portfolio Composition Money Fund -9.044.56 Cashtash Equivalent 474.448 Amount Debited $-9.044.56 Equities 4.574.378 Closing Balance $0.00 Total $5,048,826 027 osvirrarrao 001 V009 ENOS steams snoop cop. Ono Motrotoch Conk. North Nov York 11201.3859 JEFFREY EPSTEIN STATEMENT PERK* March 31.2007 THROUGH Aga 30.2007 ACCOUNT NUMBER TAXPAYER NUEI3ER On File LAST STATEMENT MVO 30.2007 Your Portfolio Allocation Cash aEcsuralent • Equities 91% Ustesotsi somas owe* debt Sauce arid," shod maids vat*. aloomsa pacoroar is domed Nen Pa 40$01.00 inal$401 Wk.& 01 ocrOolo. EFTA00201101 CLEARED THROUGH ITS vmCuy OmNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACcOliNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. Nell York 10179 4 vi Your Portfolio Holdings CASH & CASH EQUIVALENTS /AARKE1 DESORPTION STMEIOLE0Sip OLIAIITIT) PRICE VALUE DREYFUS CASH MANAGEMENT-CL A DICXX 474.447.60 1.0000 474.448 INSTITUTONN_ SHARES EST, 30 DAY AVG YIELD 5,1600% TOTAL CASH & CASH EQUIVALENTS $474.448 EQUITIES SW. SOWN Secudik4 Coo One Marital, Cala North baltlin. Nat York 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD March 31.2007 THROUGH April 30.2007 ACCOUNT NUMBER TAXPAYER AVSSER Cfl File LAST STATEMENT Wirth 30.2007 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 = Outperform; P = Peer Perform; U = Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market underweight. In cases where the BSC rating is present, the name of an independent, third•party research provider and their rating may also be displayed. where such research is available. The various providers use different ratings systems and have normalized them as follows: B = Buy; H = Hold: S = Sell (this may not always correspond directly to the underlying rating system used by each provider or BSC). The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal, or investment advice. Bear Steams is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent, third•party research on certain companies covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at iwatbearsteams.com or can call (800) 517.2327 to request that a copy of this research be sent to them. DESCRIPTOR STAISCIAUSIP ACCT TIE OUANTTY PRCE IMRNET VALUE ESTIMATED ANNUAL MCCUE ESITAATED YEW PO FELCOR LODGING TRUST INC FCH CASH 2.000 25.5300 51.060 2,000 3.9170 GLIMCHER REALTY TRUST-SBI GRT CASH 2,000 27.0100 54,020 3,846 7.1196 HRPT PROPERTIES TR-SBI HRP CASH 10,000 12.2400 122,400 8,400 6.8627 HOSPITAUTY PROPERTIES TRUST HPT CASH 2,000 45.5300 91,060 6.080 6.6769 SBI 027 050110707:14 001 V009 EFTA00201102 OFFICE SERVICING Bear. Stearns & Co. BEAR 383 Madison Avenue New York, Nell York STEARNS YOUR AC/OliNT CLEARED THROUGH ITS ymGuy OWNED SUBSIDIARY Sem. Reams SINAI* GO% One Mewled, Conic. North IloStlin. New York 11201.3859 JEFFREY EPSTEIN Inc. 10179 5 STATEMENT PERO) March 31.2007 THROUGH April 30.2007 Your Portfolio Holdings (continued) =coin NUMBER TAXPAYER KAYSER Co File LAST STATEMENT Muth 30.2007 Equities & Options (continued) ADOT /AVOCET ESTMATED EST0.411E0 DESORPTION SIMBOUGuSIP Tiff OUAMITY PACE VALUE ANNUAL NOME Yap IX/ JOHNSON& JOHNSON JNJ CASH 57,800 64.2200 3.711.916 95,948 2.5849 BSC RAMO: STOCK P/SECTOR WO DAVIS RESEARCH RATING: B KIMCO REALTY CORP KIM CASH 98 48.0700 4,711 141 2.9930 BSC RADNG: STOCK 0/SECTOR MW GREEN STREET ADVISORS. INC. RATING: S MS LUCENT TECHNOLOGIES INC LUTHW CASH 235 0.1400 33 DIP 12/10/2007 NAYARIT GOLD INC NYRTF CASH 19 0.8930 17 PENNSYLVANIA REAL ESTATE PEI CASH 1.794 46.4600 83,349 4.090 4.9071 INVESTMENT TRUST-S& RAMCO GEFISHENSON PROPERTIES RPT CASH 12.000 37.0000 444.000 22.200 5.0000 TRUSTMO 581 SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 2.9600 2.960 BSC RATiNG: STOCK P/SECTOR MW ATLANTIS RESEARCH RAMO: B TRAVELCENTERS OF AMERICA LLC TA CASH 200 44.2600 8.852 Total Equities& Options $4.574.378 $142.705 TOTAL EQUITIES $4,574,378 $142.705 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $142.705 YOUR PRICED PORTFOLIOHOLDINGS $5.048.826 027 0901)0707:14 001 V009 EFTA00201103 CLEARED THROUGH ITS WHEW. OnelED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACcOliNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York. Nell York 10179 Transaction Detail MONEY FUND ACTIVITY DATE AKVDAY TRANSACTION 03/31/07 OPENINGBALANCE 465,403.04 DESCRIPTPN SYMEOJCVSIP Seel. Reams SANAA* Core. Cne Metaled, Center North bccenn. Nov York 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD March 31.2007 THROUGH April 30.2007 ACCOUNT NUMBER TAXPAYER RAMER On File LAST STATEMENT Mardi 30.2007 GUMMY PRICE DEBIT AMOUNT CREDIT AMOUNT 04/02/07 PZKIAHT DREYFUS CASH MANAGEMENT-CL A DICXX 5,550 1.0000 5,550.00 INSTITUTIONAL SHARES 04/02/07 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICXX 1.997.68 INSTITUTIONAL SHARES MOWRY DIVIDEND 04/02/07 REINVEST DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVEST DICXX 1,997.68 1,997.68 04/16/07 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICXX 996.88 1.0000 996.88 INSPITUT/CNAL SHARES 04/30/07 BOUGHT DREYFUS CASH MANAGEMENT-CA. A DICK% 500 1.0000 500.00 INSTITUTIONAL SHARES 04/30/07 CLOSINGAIALANCE 474,447.60 TOTAL $-9,044.56 $1.997.68 DIVIDENDS DATE OESCRVHON 04/02/07 RAMCO GERSHENSON PROPERTIES TRUSTMD SBI REC 03/20/07 PAY 04/02/07 symectirusie RPT OVAARITY RAE 12.000 0.4625 DEBIT AMOUNT DREW AMOUNT 5,550.00 04/16/07 GLIMCHER REALTY TRUST-Sal REC 03/30/07 PAY 04/18/07 GAT 2.000 0.4808 961.60 04/16/07 KIMCO REALTY CORP KIM 98 0.3600 35.28 REC 04/94/07 PAY 04/18/07 027 0901/0707:14 001 V009 EFTA00201104 CLEARED THROUGH ITS WHOLLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACcOliNT Bear. Steams 8 Co. Inc. 383 Madison Avenue New York. Nell York 10179 7 vi Transaction Detail (continued) DIVIDENDS (continued) DATE DESORPTION SYMODUCVSIP CUANTIN AVE -:s 04/30/07 FELC0R LODGING TRUST INC KM 2.000 0.2500 REC 00/13/07 PAY 04/30/07 DEBIT AMOUNT 8081. Reams Seoxiket Coo. One MORINO Conk. North baltlin. Nov York 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD March 31.2007 THROUGH April 30.2007 ACCOUNT NUMBER TAXPAYER KAMER Ofl File LAST STATEMENT Muth 30.2007 DREW AMOUNT 500.00 TOTAL $7.046.89 Your messages You are advised to promptly report any inaccuracy or discrepancy in your account to your broker and Bear, Steams Securities Corp, cBSSC1 at the telephone numbers listed on the front of this statement, In order to protect your rights, including any rights under the Securities Investor Protection Act ("SIPA"), any such communications should be reconfirmed in writing to your broker and FtSqr at the addresses which appear on the front of this statement. End of Statement 027 05m07237:14 001 1009 EFTA00201105 CLEARED THROUGH ITS ymGuy ORNED SURSICHARy BEAR STEARNS OFFICE SERVICING YOUR ACcOliNT Bear. Swains & Co. Inc. 383 Madison Avenue New York. Nell York 10179 IIIIIIIIIIIIIIIIIIIIIIIIII111IIIIIIIIIIIIIIIIIIIIIIIII JEFFREY EPSTEIN C/0 FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK (WATER 8-3 ST THOMAS VI 00802-1348 SW. SOAP'S SeUAW, Cat. One Metaled, Conk. North Sto*kn. Nov York 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD March 1.2007 THROUGH March 30.2007 ACCOUNT NUMBER 038-28825 TAXPAYER NURSER On File LAST sTATELIENT Pebrualy 28.2007 Pursuant to your previously issued instructions, Bear Steams Securities Corp, provides duplicate monthly statements and/or transaction confirmations to the third parties listed on the cover page of this statement, If you wish to modify or cease distribution to any of the recipients indicated, please contact your Investment Professional, This reminder notice will continue to be provided to you on your quarterly statements, biglicitly EPSTEIN INTERESTS A/C JEFFREY EPSTEIN ATTN HARRY BELLER 457 MADISON AVE 4TH FLR NEW YORK NY 10022 027 03,31,0706:43 001 "006 EFTA00201106 CLEARED THROUGH ITS WHOU.Y ODNED SUBSIDIARY BUR STEARNS OFFCE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York New York 10179 8.N. Steams SIMON Cat. Ono Notated, Conk. North BroStlin. Nov York 112013859 JEFFREY EPSTEIN INVESTMENT PROFESSIONAL ZICHERMAN.IRA STATEMENT PER100 March 1.2007 TELEPHONE THROUGH March 30.2007 VISIT OUR WEBSITE rivnv.bearstearns.com What's In This Statement llllllllllll11111111111111111111111111111111111111111111111111 Financial Summary „„,„„„,„„„,„„,„„„„ 3 JEFFREY EPSTEIN Your Portfolio Holdings ..... 4 CIO FINANCIAL TRUST COMPANY 6 ATTN JEANNE BRENAN Fund Activity ,„„,„„„,„ ..... „„,„„„,„„,„„, 6 6100 RED HOOK (WATER B-3 Your Messages ...................................... 7 ST THOMAS VI 00802-1348 Your Portfolio at a Glance Market Value of Your Portfolio lir 403 TOTAL VALUE Cf SECURITIES THIS PERIOD 4,329,349 Cash & Equvalent $465136 MONEY MARKET FUND BALANCE 465,403 5439. Equities .329.349 $4.490.126 NET EQUITY THIS PERIOD $4,794,752 NET ECUITY LAST STATEMENT 4,929,262 CHANGE SINCE LAST STATEMENT -134,510 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roza copal ant Offeance a rasfoctiot GI ctecks or sKKks, eidicolocl m <Polkaed to tau. to Cleni Shim. al 800614.1428: IX vat to Clem Services a Bow. Stearre Sccuales Ca,. Co. 1.10ok•-li Cool. North. Srocelyn, NY. 11201'5 t. 027 Current market value Last statement's market value ACCOUNT NUMBER TAXPAYER KINSER On File LAST STATEMENT February 28.2007 SIK This summary is for informational purposes only. It is not intended as a lax document. This statement should be retained for our records. See reverse side for important information. 0,3031107Dece& 001 V008 EFTA00201107 CLEARED THROUGH ITS YmCuy ORTJED SO8SICHAriv Ow. Reams SiXxxl081 Cat. Ono Alevotech Corder HORN 8reck4n. flew Yeti( 1120/3859 JEFFREY EPSTEIN 2 or lo STATEMENT BACKER IS PRINTED ON THIS PAGE 027 031110706A3 001 V008 EFTA00201108 CLEARED THROUGH ITS vniCU.Y OWNED SUBSIDIARY OFFCE SERVICING YOUR ACCCUNT BEAR Bear. Steams & Co. Inc. 383 Madison Avenue Beef. Steams Securlikis Cup CaeMotrotoch Conte. North Broadin. Nov York 11201.1859 STEARNS New York. New York 10179 JEFFREY EPSTEIN 3 ri STATEMENT PERIOD Muth 1.2007 THROUGH Muth 30.2007 Cash Flow Analysis Income Summary ACCOUNT NUMBER TAXPAYER NUMBER On Fda THIS PERICO its PERCO YEAR IODATE LAST STATEMENT February 28.2007 Opening Balance $0.00 Dividends 26,267.47 41,991.99 Money Fund 3,569.89 Total $26.267.47 $41.991.99 Dividends/Interest 22,697.58 Miscellaneous 10,000,000.00 Amount Credited $10,026,267.47 Portfolio Composition eashICash Equivalent 465,403 Money Fund -26.26747 Equities 4.329,349 Miscellaneous -10,000,000.00 Total $4,794,752 Amount Debited $-10.026,267.47 Closing Balance $0.00 Your Portfolio Allocation Cash&Equmaleni • 9% Equities 91% UntivOod POMOnS am* debt Infance soda short mwta vat's. TM alowar. pacitniar is denied Item tes obsolso manila maw of IBA octilMo. 027 0303110706:43 001 ‘,00,3 EFTA00201109 CLEARED THROUGH ITS vmCuy OmNED SUBSIDIARY BEAR STEARNS OFFICE SEMACiNG YOUR ACcOliNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Nell York 10179 4 vi Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCRthlON SYMBOUCOSIP DREYFUS CASH MANAGEMENT-CL A DIOCT INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 5,1700% TOTAL CASH & CASH EQUIVALENTS $465.403 QUOIT T) 465.403.04 mARKET PRICE VALUE 1.0000 465.403 EQUITIES Sm.Ream Spathes Coo One Marital, Cerra North Staltlin. Nat York 112014859 JEFFREY EPSTEIN STATEMENT PERIOD Muth 1.2007 THROUGH Mardi 50.2007 ACCOUNT NUMBER TAXPAYER KAMER On File LAST STATEMENT Pthrulluy 28.2007 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 = Outperform; P = Peer Perform; U = Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market underweight. In cases where the BSC rating is present, the name of an independent, third•party research provider and their rating may also be displayed. where such research is available. The various providers use different ratings systems and have normalized them as follows: B = Buy; H = Hold: S = Sell (this may not always correspond directly to the underlying rating system used by each provider or BSC). The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal, or investment advice. Bear Steams is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent, third•party research on certain companies covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at iwatbearsteams.com or can call (800) 517.2327 to request that a copy of this research be sent to them. DESCRIPTOR STAMM/CUSP. ACCT TTPE CIUMT1TY PRICE MARKET vAUX ESTIMATED ANNUAL NCOME ESITAATED YEW IW FELCOR LODGING TRUST INC FCH CASH 2.000 25.9700 51,940 2,000 3.8506 GLIMCHER REALTY TRUST-SBI GRT CASH 2,000 27.0200 54.040 3,846 7.1170 HRPT PROPERTIES TR-SBI HRP CASH 10,000 12.3000 123.000 8,400 6.8293 HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 46.8000 93.600 5.920 6.3248 SBI 027 0311/0706AS 001 V008 EFTA00201110 OFFICE SERVICING Bear. Stearns & Co. BEAR 383 Madison Avenue New VOrk Nell York STEARNS YOUR AC/OliNT CLEARED THROUGH ITS ME:0y 08TJED SUBSIDIARY DIV. Sleben Seeed081 GOO CnoMotrotoch Coma North BroStlin. Nov York 11201.3859 JEFFREY EPSTEIN Inc. 10179 5 vi STATEMENT PERIOD Minh 1.2007 THROUGH Muth 50.2007 Your Portfolio Holdings (continued) ACCOUNT NUMBER TAXPAYER KISSER On File LAST STATEMENT Pthrulluy 28.2007 Equities & Options (continued) ACCT MARKET ESTIMATED ESTMATE0 DESCRPTI0N MB0UO.ISIP DEE OUAMITY PACE VALLE ANNUAL INCOIAE VELD Iv4 JOHNSON& JOHNSON JNJ CASH 57,800 60.2600 3.483.028 86,700 2.4892 BSC RAMO: STOCK P/SECTOR MW LED DAVIS RESEARCH RATING: B IMAGO REALTY CORP KIM CASH 98 48.7400 4.777 141 2.9516 BSC RADNG: STOCK 0/SECTOR MW GREEN STREET ADVISORS. INC. RATING: S MS LUCENT TECHNOLOGIES INC LUTHW CASH 235 0.0950 22 SIP 12/10/2007 NAYARIT GOLD INC NYRTF CASH 19 0.5110 10 PENNSYLVANIA REAL ESTATE PEI CASH 1.794 44.3300 79.528 4.090 5.1428 INVESTMENT MI/ST-SIN RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 35.7100 428.520 22.200 5.1806 TRUSTA4O S81 SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 3.2000 3.200 BSC RATM70: STOCK P/SECTOR MW ATLANTIS RESEARCH RAMO: B TRAVELCENTERS OF AMERICA LLC TA CASH 200 38.4200 7.684 Total Equities& Options $4.329,349 $133.297 TOTAL EQUITIES $4.329249 $133.297 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $133.297 YOUR PRICED PORTFOLIOHOLDINGS $4,794,752 027 0311107/MA3 001 VOO8 EFTA00201111 CLEARED THROUGH ITS YMOLLY ORNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACcOr see Bear. Swains 8 Co. Inc. 383 Madison Avenue New York. Nell York 10179 6 Transaction Detail MONEY FUND ACTIVITY SW. sown SBOwl081 GOO. One MORINO Conk. North bcdtlin. Nov York 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD March 1.2007 THROUGH March 30.2007 ACCOUNT NUMBER TAXPAYER MAKER On Foe LAST STATEMENT February 25.2007 DATE AKVDAY TRANSACTION DESCRIPTCN SYLIECUCVSIP OU/NMY PFOCE men AMOUNT CREDIT AMOUNT 03/01/07 OPENINGBALANCE 439,135.57 03/01/07 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICXX 3.569.89 INSTITUTIONAL SHARES MONTItY DIVIDEND 03/01/07 REINVEST DREYFUS CASH MANAGEMENT-CL A DICXX 3,569.89 3,569.89 INSTITUTIONAL SHARES DIVIDEND REINVEST 03/13/07 BOUGHT DREYFUS CASH MANAGEMENT-CL A DION 21,675 1.0000 21,675.00 INSTITUTIONAL SHARES 03/15/07 BOUGHT DREYFUS CASH MANAGEMENT-CL A DION 1,022.58 1.0000 1,022.58 INSTITUTIONAL SHARES 03/30/07 CLOSINGBALANCE 465,403.04 TOTAL $26.267.47 $3.569.89 DIVIDENDS DATE CESCRIPTICN SYTABOUCUSIP GUMMY RATE rs) men AMOUNT CAECIT MACuta 03/13/07 JOHNSON& JOHNSON JNJ 57,800 0.3750 21,675.00 REC 02/27/07 PAY 03/13/07 03/15/07 PENNSYLVANIA REAL ESTATE INVESTMENT TRUST-S& REC 03/01/07 PAY 03/15/07 PEI 1,794 0.5700 1,022.58 TOTAL $22.697.58 027 0311/0706A3 001 V008 EFTA00201112 CLEARED THROUGH ITS vmCuy OimgED SUBSIDIARY BEAR STEARNS OFFICE SEMAC0+3 YOUR ACcOliNT Bear. Swains & Co. Inc. 383 Madison Avenue New York. Nell York 10179 7 vi Transaction Detail (continued) MISCELLANEOUS DATE 1.00AY TRANSACTON 03/30/07 JOURNAL 03/30/07 JOURNAL FROM UM TOTAL 5.10.000,000.00 DESCRIPTOR TO 049-47138 DENT AMOUNT 10,000,000.00 CREPT MOUNT 10,000,000.00 $10.000.000.00 Your messages Bar Bear, Stearns Securities Corp, Net Capital and Net Capital Requirements: At November 30, 2006 and January 31, 2007, the Company's net capital of approximately $4,0 billion and $4,0 billion was approximately 6,8% and 6,7% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $1.2 billion and $1.2 billion by approximately $2,8 billion and $2,8 billion, all respectively, A complete copy of the Bear, Stearns Securities Corp. Statement of Financial Condition is available on the web site mvw,bearsteams,com, Alternatively, to request a free printed copy please call - toll free 1.866.299.9331, 027 Seal. Reams avorvieer Gore One Marital, Cerra North SrodJln. Nat York 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD Mandl 1.2007 THROUGH Mardi 30.2007 ACCOUNT NUMBER TAXPAYER KAMER Cfl File LAST STATEMENT Pthrulluy 28.2007 SPECIAL NOTICE FOR MARGIN CUSTOMERS If you are a customer with a margin account, you consent to Bear Steams's right to use, lend or pledge any securities held by Bear Stearns in your margin account. In certain circumstances, such loans or other use may limit, in whole or in part, your ability to receive dividends directly from the issuing company and/or your right to exercise voting and other attendant rights of ownership with respect to the loaned, sold or pledged securities. Such circumstances include, but are not limited to, bans of securities that you own in your margin account that continue over record dates for voting purposes and ex•dividend dates for dividend distributions, tf you do not receive dividends directly from the issuing company, you may receive payments-in-lieu of dividends which could cause you to lose the benefit of the preferential tax treatment accorded to dividends, 031110706AS 001 VOOS EFTA00201113 CLEARED THROUGH ITS WHOLLY ODIVED SU8SIDIAAv BEAR STEARNS OFFICE SERVICING YOUR ACFOONT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 8 Bar You are advised to promptly report any inaccuracy or discrepancy in your account to your broker and Bear, Stearns Securities Corp. CBSSC") at the telephone numbers listed on the front of this statement. In order to protect your rights, including any rights under the Securities Investor Protection Act ('SIPA"), any such communications should be reconfirmed in writing to your broker and BSSC at the addresses which appear on the front of this statement. 027 84181. Stearns sestina's CNO CceMetrotech Conk. North 9tcc4tDn. Nov York 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD March 1.2007 THROUGH March 30.2007 ACCCUNT NUMBER TAXPAYER WESER On FM LAST STATEMENT February 28.2007 NOTICE OF CHANGE PURSUANT TO TRUTH-IN-LENDING SEC RULE 10b-16 The purpose of this notice is to advise you of certain changes in the manner in which interest will be charged on any U.S. dollar-denominated credit extended to you by Bear, Steams Securities Corp. ("BSSC') for the purpose of purchasing, carrying or trading in any security. Interest will continue to be based on either the BSSC Margin Basis Rate, or a London Interbank Offered Rate ("LIBOR') as specified in the chart below. The BSSC Margin Basis Rate will be quoted each business day by BSSC at our main office in New York. Factors affecting the determination of the BSSC Margin Basis Rate will include the short-term market interest rates quoted by money center banks and the Federal Reserve and the rate that BSSC is charged for borrowing money, 0311/0706AS 001 V008 EFTA00201114 CLEARED THROUGH ITS WHOLLY ODIVED SUOSIDIAAv BEAR STEARNS OFFICE SERVICING YOUR ACcOliNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 9 Effective no earlier than thirty (30) days from your receipt of this statement: 1. The annual rate of interest charged to you on U.S. dollar-denominated credit will not exceed the specified percentage over the applicable rate, as indicated in the following chart: DebILStze_Range Index Spread_to_lnder Up to $499,999 Margin Basis 3.000% $500,000 - $999,999 Margin Basis 2.000% $1,000,000 - $2,499,999 Margin Basis 1.500% $2,500,000 - $4,999,999 LIBOR 3.000% $5,000,000 - $9,999,999 LIBOR 2.250% $10,000,000 and above LIBOR 1.750% Debits in currencies other than U.S. dollars will not be taken into account in computing the debit size for purposes of determining the applicable interest rate. The rate corresponding to the debit size range in which your U.S. dollar denominated debit falls will apply to the entire amount of your U.S. dollar denominated debit. The actual rate charged to you at any given time will be notified to you on request, and the amount charged to you will appear on your monthly statements. 027 84181. sown seaways cow. One MORINO Conk. North 9taltlin. Nov York 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD March 1.2007 THROUGH March 30.2007 ACCOUNT NUMBER TAXPAYER AMMER On Ede LAST STATEMENT FebiuIvy 28.2007 2. Interest may be charged to your account at varying rates during the month to reflect any changes in such interest rates that have occurred during the month as well as any changes in the applicable rate caused by a change in the size of your debit balance. 3. The rate of interest charged to you on any credit extended to you in a currency other than U.S. dollars shall continue to be based on either (i) a LIBOR, as such rate is compiled by the British Bankers Association and published on Bloomberg or Reuters, or (ii) any other rate quoted by Reuters that is applicable to the currency in which the obligation is denominated or, if a rate for such currency is not quoted by Reuters, the rate provided by Bear Steams Securities' local bank. In either case, the annual rate of interest on such non-U.S. dollar denominated debit will continue to not exceed 5% above either a LIBOR, any rate quoted by Reuters or the rate provided by Bear Steams Securities' local bank, and will appear on your monthly statements. The actual rate charged to you at any given time will be notified to you on request and the amount charged to you will appear on your monthly statements. 4. Unless otherwise agreed, the BSSC Fed Funds Rate will no longer be an available option for computing interest. 03.31/0706A3 001 8008 EFTA00201115 CLEARED THROUGH ITS vmCuy ORIRED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACcOr KIT Bear. Swains & Co. Inc. 383 Madison Avenue New York. Nell York 10179 10 ci If BSSC makes changes in any of the credit terms and conditions described herein or if a change is required by law, we will notify you of such change within a reasonable period of time, unless such change results in the same or a higher rate to you, in which case we will provide you at least 30 days' prior written notice. The annual rate of interest you are charged may fluctuate with changes in the BSSC Margin Basis Rate, a LIBOR, any of the rates quoted by Reuters or the rate provided by BSSC's local bank. The changes in rates resulting from this fluctuation will be made without prior notice to you (as contrasted with changes in the credit terms and conditions, notice of which will be provided as described above). The Truth•in•Lending disclosure previously provided to you shall continue to apply except as specifically noted above. End of Statement 027 031110706AG 001 V008 Seer. Reams Secudik4 Goo One Marital, Cerra North 80o: Nat York 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD Meech 1.2007 THROUGH Mardi 30. 2007 ACCOUNT NUMBER TAXPAYER KAMER Cfl File LAST STATEMENT PebruEuy 28.2007 EFTA00201116 CLEARED THROUGH ITS YrtICALY OVMED SUBSIDIARY BffiR STffiRNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. New York 10179 INVESTMENT PROFESSIONAL ZICHERMAN.IFtA TELEPHONE VISIT OUR WEBSITE wrAv.bearsteams.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 6 Fund Activity 6 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD 4,490,126 MONEY MARKET FUND BALANCE 439,136 Cash & Equvalent NET EQUITY THIS PERIOD $4,929,262 NET EQUITY LAST STATEMENT 6,147,679 CHANGE SINCE LAST STATEMENT -1,218,417 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. 11111111111llilIll111111111111111111IIIII111111IIllll1l111IIII1 JEFFREY EPSTEIN C/0 FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK (WATER B-3 ST THOMAS VI 00802-1348 Market Value of Your Portfolio 39 136 $1.423.446 a4. $4490.7.2142.6233 Equities Plaza ropori aft/ diNfOrICO a ~imam of chocks or Haas. Heficarod z dolkoroo lo >to. lo Omni Samos or 800BM-1428: a ono ro Clem soMcos a Bow. Smarm Swum.» Ca,.. One Marton, Cone" North. Broonyn. NY. 112014/59 027 Current market value ON Last statements market value BMI. Steams SintorlIkrt Corp Colo Moncton, Conn North Etc", Nov Mork 11201.3859 JEFFREY EPSTEIN STATEMENT PERK* February I.Ø7 THROUGH February 28.2007 ACCOUNT NUMBER TAXPAYER AVIMER On File LAST STATEMENT January 31.2007 St Tres ~Nis for dermahonal whose. any. R H riot ~MEd as a Mr Goon"' TDs naternon should be Maned An your records. Sn mom THIE for enportal ricemoron 03V/0705:17 001 r.006 EFTA00201117 CLEARED THROUGH ITS YmCuy ORIVED SLISSICIMAy SW. Sleben SMARR. CYO. One Metaled, Conk. North 9roStlin. Nov York 11201.3859 JEFFREY EPSTEIN 2 or 7 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 03,0110705:17 001 V0013 EFTA00201118 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 3 ci Cash Flow Analysis Income Summary THIS PERI00 Die PERIOD YEAR TO DATE Opening Balance $0.00 Dividends 15,689.24 15,724.52 Money Fund 1,014,209.24 Total $15,689.24 $15,724.52 Dividends/Interest 1,480.00 Amount Credited $1.015.689.24 Portfolio Composition Money Fund -15.689.24 Cashtash Equivalent 439.136 Funds Withdrawn -1,000.000.00 Equities 4.490.126 Amount Debited $-1 015 689.24 Total $4.929.262 Closing Balance $0.00 027 03101/070517 001 V006 Beef. SleanIS secu lbs CYO. 01* Motored, Conla North BroStlin. New York 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD February 1.2007 THROUGH February 28.2007 ACCOUNT NUMBER TAXPAYER AMMER On File LAST STATEMENT January 31.2007 Your Portfolio Allocation Caen 8 Eceavalem 8% L Equities 92% Unteeeti Preen, donor* 000* OttenCe tuck, awn rn tto vas. Tro alocome. patomor m crowed from to aosolso mark*, mak* 01 pxe EFTA00201119 CLEARED THROUGH ITS VOICUY OWED SUBSIDIARY BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 4 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCROUTOti STMESCVCVSIP DREYFUS CASH MANAGEMENT-CL A DIM INSTITUTIONAL SHARES EST, 30 DAY AVG VELD 5.1700% TOTAL CASH & CASH EQUIVALENTS ouornw IMRKE1 ESTIMATED ESTRUM:, PRICE VALUE ANNUAL INCOME YELD 439,135.57 1.0000 439.136 23.274 5.3000 8439.136 323274 EQUITIES SOT. warns secivion coin One Metaled, Conk. North EkoNtlin. Nov York 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD RINNUIVy 1.2007 THROUGH Feeniwy 28.2007 ACCOUNT NUMBER TAXPAYER AMMER On FIk LAST STATEMENT January 31.2007 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 = Outperform; P = Peer Perform; U = Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index, The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market underweight. In cases where the BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed. where such research is available. The various providers use different ratings systems and have normalized them as follows: B = Buy; H = Hold: S = Sell (this may not always correspond directly to the underlying rating system used by each provider or BSC), The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal, or investment advice. Bear Steams is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Steams at no cost, Customers can access this research at wvAv.bearsteams.com or can call (800) 517.2327 to request that a copy of this research be sent to them. DESCRATION SYMEWCUSIP ACCT TYPE OUMIRTY PRICE MARKET VALUE ESTMATE0 ANNUAL 'COME ESITTATED YEW r44 FELCOR LODGING TRUST INC FCH CASH 2,000 23.5800 47,160 2,000 4.2409 GLIMCHER REALTY TRUST-SBI GRT CASH 2,000 27.8100 55.620 3,846 6.9148 HRPT PROPERTIES TR-SBI HRP CASH 10,000 12.9200 129.200 8,400 6.5015 HOSPITAUTY PROPERTIES TRUST HPT CASH 2,000 46.0700 92.140 5,920 6.4250 581 027 0301/0705:17 001 8006 EFTA00201120 CLEARED THROUGH ITS vmOu.v OmED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 5 vi Reef. Reams Seuxlikis Goo CnoMotrotoch Coma North BroStlin. Nov York 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD February 1.2007 THROUGH February 28.2007 Your Portfolio Holdings (continued) ACCOUNT NUMBER TAXPAYER AMBER On File LAST STATEMENT January 31.2007 Equities & Options (continued) ACCT MARKET ESTAVITED ESTAVITED DESORPTION SINIBOUGuSIP TYPE OUANTITY PACE vALLE ANNUAL INCOME vEUGOI) JOHNSON& JOHNSON JNJ CASH 57.800 63.0500 3.644.290 86,700 2.3791 BSC RATING: STOCK P/SECTOR MW NED DAVIS RESEARCH RATING: B KIMCO REALTY CORP KIM CASH 98 50.2600 4.925 141 2.8629 BSC RATING: STOCK 0/SECTOR MW GREEN STREET ADVISORS. INC. RATING: S lArTS LUCENT TECHNOLOGIES INC LUTHW CASH 235 0.1750 41 DIP 12/10/2007 NAYARIT GOLD INC NYRTF CASH 19 0.5730 11 PENNSYLVANIA REAL ESTATE PEI CASH 1.794 43.1600 77,429 4.090 5.2823 INVESTMENT TRUST-SBI RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 35.7000 428,400 21.480 5.0140 TRUST-MD SBI SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 3.6500 3.650 BSC RATING: STOCK P/SECTOR MW ARANTIS RESEARCH RATING: B TRAVELCENTERS OF AMERICA LLC TA CASH 200 36.3000 7,260 Total Equities& Options $4.490,126 $132.577 TOTAL EQUITIES $4.490,126 $132.577 YOUR PORIFOLIOHOLDINGSESTIMATED ANNUAL INCOME $155.851 YOUR PRICEDPORTFOLIOHOLDINGS $4,929,262 027 03,011070517 001 V006 EFTA00201121 CLEARED THROUGH ITS WHOU.Y OMIVED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New York New York 10179 6 ti Transaction Detail INVESTMENT ACTIVITY SETTLEMENT DATE 02/06/07 TRADE DATE TRANSACTION 02/01/07 BOUGHT DESCRIPTION TRAVELCENTERS OF AMERICA LLC SPINOFF ON 2000 SHS HOSPITALITY PROPERTIES TRUST SPINOFF FROM SEC# H408026 REC 01/26/07 PAY 01/31107 SYMOCVCUSP TA GUMMY 200 PRICE SNP. Warns Sennees Core One Metaled, Conk. North 9toStlin. Nov York 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD February 1.2007 THROUGH February 28.2007 ACCOUNT NUMBER TAXPAYER PINDER On File LAST STATEMENT January 31.2007 DEBIT AMOUNT DIED" A/AO.r...NT TOTAL DEPOSITS AND WITHDRAWALS DATE IPPALSACTION 02/1407 FND WIRED osstrie-ice/ MDA DEBIT AMOUNT CREDIT AMOUNT NDS WIRED TO E Sib 1.000.000.00 TOTAL $-1.000.000.00 MONEY FUND ACTIVITY DATE MOAT TRANSACTION DESCRIPTION SYMEO/CUSIP DUMMY PRICE DEBIT AMOUNT CREDIT AMOUNT 02/01/07 OPENING BALANCE 1,423,446.33 02/01/07 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICA 14,209.24 INSTITUTIONAL SHARES MONTHLY DIVIDEND 02/01/07 REINVEST DREYFUS CASH MANAGEMENT-CL A DIC0( 14,209.24 14.209.24 INSTITUTIONAL SHARES DIVIDEND REINVEST 02/14/07 SOLD DREYFUS CASH MANAGEMENT-CL A DICA -1.000.000 1.0000 1,000,000.00 INSTITUTIONAL SHARES 027 03.01/0705:17 001 stME. EFTA00201122 CLEARED THROUGH ITS WHOU.Y OMED SUBSOIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New York New York 10179 7 d Transaction Detail (continued) MONEY FUND ACTIVITY (continued) SW. Reams SMARM Gat. One Motrotoch Coma North 9=4.101. Nov York 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD February 1.2007 THROUGH February 28.2007 ACCOUNT NUMBER TAXPAYER AMMER OR File LAST STATEMENT January 31.2007 DATE 1.100AY TMNSACTICN DESCRIPTION SYMEAUGUSIP WANMY PncE DEBIT AMOUNT CREDIT AMOUNT 02/15/07 BOUGHT DREYFUS CASH MANAGEMENT-Cl. A DIC)3( 1.480 1.0000 1,480.00 INSRTUTIONAL SHARES 02/28/07 CLOSINGBALANCE 439,135.57 TOTAL $.15.689.24 $1.014.209.24 DIVIDENDS DATE DESORPTION 02/15/07 HOSPITALITY PROPERTIES TRUST Sal REC 01/16/07 PAY 0MS/07 STAIDOLCUSIP HPT CUANTITY PATE 0) DEBIT AMOUNT CREDIT AMOuta 2.000 0.7400 1.480.00 TOTAL $1.480.00 End of Statement 027 03/0110705:17 001 80013 EFTA00201123 CLEARED THROUGH ITS WHOLLY OmIED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York Nee York 10179 INVESTMENT PROFESSIONAL ZICHERMAN.IRA TELEPHONE VISIT OUR WEBSITE ‘wnv.bearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 6 Fund Activity 6 Your Portfolio at a Glance Illlllllllllllllll lllll lllllllllllllllllllllllllllllllllllllll JEFFREY EPSTEIN CIO FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK OUATER B-3 ST THOMAS VI 00802-1348 Market Value of Your Portfolio TOTAL VALUE OF SECURITIES THIS PERIOD 4.724.233 Cash & Eqwvalen, _Mr $1,423,446 55.051.600 MONEY MARKET FUND BALANCE 1,423.446 NET EQUITY THIS PERIOD $6.147.679 NET EOLIITY LAST STATEMENT 9.719.773 CHANGE SINCE LAST STATEMENT -3.572.094 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Flex° food ant clitorocco or notwocolot of tees or stocks. calcolod as dot/road lo to Gent Sonic*. al 80004-1128: or veto to CNN SONIC.. m Bow. Steen SccuMos Coup.. One lActolecn Coolly Honk 8rooUrn. N.Y. 1170141RM 027 Equities H $4.724.233 54.667.973 Current market value lin Last statement's market value SW. Steams SOMAIHS Cop Ono Motrotoch Coma Noah Elecot/gn, New Vet* 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD December 30.2006 THROUGH January 31.2007 ACCOUNT NUMBER TAAPA7ER WIRER On FIk LAST STATEMENT December 29.2006 gh Tin SI•TtnEY a EIR OAMIonol pogrom Cary r.:4 fended asa lar 0ocmvurt tin atornorl ORA be Maud for your records Soo worn So for mouton yeoman= 07101,07.06:16 001 \'004 EFTA00201124 CLEARED THROUGH ITS YmCuy ORIVED SUBSIDIARY SW. Sleben Se044041 C440 One Mewled, Conk. North 9roStlin. Nov York 11201.3859 JEFFREY EPSTEIN 2 ol e STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0210110708:18 001 V004 EFTA00201125 CLEARED THROUGH ITS IMICUY OMED SURSIDIATiv BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 3 SW. sown SMARM GOO. One Motored, Conic. North DroStlin. Nov York 11201.3559 JEFFREY EPSTEIN STATEMENT PERIOD December 30.2006 Cash Flow Analysis THIS PERIOD Income Summary MS PERIOD YEAR TO DATE THROUGH January 31.2007 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT December 29.2006 Opening Balance $0.00 Dividends 35.28 35.28 Money Fund 4,523,910.27 Total $35.28 $35.28 Funds Deposited 838,768.97 Dividends/Interest 8.966.88 Miscellaneous 10,000,000.00 Portfolio Composition Amount Credited $15,371,646.12 Cashtash Equivalent 1,423,446 Equities 4.724,233 Money Fund -871.646.12 Funds Withdrawn -4,500.000.00 Total $6.147.679 Miscellaneous -10,000,000.00 Amount Debited $-15 371 646.12 Closing Balance $0.00 Your Portfolio Allocation 027 W01/0706:I 6 001 V000 Cash & Equivalent 24% Equities 76% Un*Oeeti Preen, denote 0001 0ttenCe omit, shod Ticket Vitali alocama poi omxp H crowed from to amok*, (radon maluo or pxe Actilmo. EFTA00201126 CLEARED THROUGH ITS OUIVED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 4 Your Portfolio Holdings CASH & CASH EQUIVALENTS IA* NICE <ET ESTIMATED EST 'i N.UE RUTE0 Anwx. oeCW€ ) EltD I% CIESCRPRON S7MEICIJCVSIP o DREYFUS CASH MANAGEMENT-CL A DICA usanw 1,423,446.33 1.0000 1.423.446 75.443 5.3000 INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 5,1600% TOTAL CASH & CASH EQUIVALENTS $1.423.446 $75.443 EQUITIES SOL warns see-wives cam Cno Motrotoch Conk. North StoMtkn. Nov York 112013559 JEFFREY EPSTEIN STATEMENT PERIOD December 30.2006 THROUGH January 31.2007 ACCOUNT NUMBER TAXPAYER AMMER On File LAST STATEMENT December 29.2006 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 = Outperform; P = Peer Perform; LI = Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market underweight. In cases where the BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed. where such research is available. The various providers use different ratings systems and have normalized them as follows: B = Buy; H = Hold: S = Sell (this may not always correspond directly to the underlying rating system used by each provider or BSC). The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal, or investment advice. Bear Steams is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at wvnv.bearsteams.com or can call (800) 517.2327 to request that a copy of this research be sent to them. DESCRATION SYMEICUCUSIP ACCT Tiff OUMERTY PRCE IMUCET VALUE ESTRWIE0 ANNUAL 'COME ESMMATED YEW I14 FELCOR LODGING TRUST INC FCH CASH 2,000 22.0700 44.140 2,000 4.5310 GLIMCHER REALTY TRUST-SBI GRT CASH 2,000 28.2600 56.520 3,846 6.8047 HRPT PROPERTIES TR-SBI HRP CASH 10,000 13.0200 130.200 8,400 6.4516 HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 48.8000 97.600 5,920 6.0656 581 027 CO01/07061 6 001 V004 EFTA00201127 CLEARED THROUGH ITS vmOuy ORNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 5 ri Seal. Reams Secudik4 Goo. One Metaled, Conic. North BroStlin. Nov York 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD December 30.2006 Your Portfolio Holdings (continued) THROUGH ACCOUNT NUMBER TAXPAYER WESER January 31.2007 On File LAST STATEMENT December 29.2006 Equities & Options (continued) ACCT MARKET ESTRUM) ESTMATED DESORPTION GROBOUCuSIP TYPE OUAMITY PRICE yALLE ANNUAL INCOME yELD IVT JOHNSON& JOHNSON JNJ CASH 57,800 66.8000 3.861.040 86,700 2.2455 BSC RATING: STOCK Pi/SECTOR MW NED DAVIS RESEARCH RATING: B KIMCO REALTY CORP KIM CASH 98 49.6000 4.861 141 2.9006 BSC RATING: STOCK 0/SECTOR MW GREEN STREET ADVISORS. INC. RATING: S INTS LUCENT TECHNOLOGIES INC LUTHW CASH 235 0.1900 45 EIS 12/10/2007 NAYARIT GOLD INC NYRTF CASH 19 0.6640 13 PENNSYLVANIA REAL ESTATE PEI CASH 1.794 42.7000 76,604 4.090 5.3391 INVESTMENT TRUST-SBI RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 37.4600 449,520 21.480 4.7784 TRUST-MD SBI SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 3.6900 3,690 BSC RATING: STOCK P/SECTOR MW ATLANTIS RESEARCH RATING: Total Equities& Options $4.724,233 $132.577 TOTAL EQUITIES $4.724,233 $132.577 YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME $208.020 YOUR PRICED PORTFOLIOHOLDINGS $6.147.679 027 CO0110706:I 6 001 V004 EFTA00201128 CLEARED THROUGH ITS IMICU.Y CONNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 6 th/ Transaction Detail DEPOSITS AND WITHDRAWALS DATE TRANSACTION 01/05/07 END WIRED MDA# NDS WIRED TO DESCRP'Cri CEBIT AMOUNT CREDIT AMOUNT 1.500.000.00 01/10/07 FUNDS REC INDSWIRED TO CITIBANK FROM MM. 01/11/07 END WIRED 838.768.97 NDS WIRED TO 1.000.000.00 01/22,07 FND WIRED IatD F NOS WIRED TO ra SE 1.000.000.00 01/29/07 FND WIRED MDA ENDSWIRED 10 1.000.000.00 TOTAL $-4,500.000.00 $838.768.97 MONEY FUND ACTIVITY 8.9.51eanIS SMASH. Corp Cue Metaled, Conic. North Brodryn. New York 11201.3859 JEFFREY EPSTEIN STATEMENT PERIOD December 30.2006 THROUGH January 31.2007 ACCOUNT NUMBER TAXPAYER NJUSER On File LAST STATEMENT December 29.2006 DATE LOOM( TRANS/CT/3k INSCAIPTON SYIAECOJCUSIP ou/Nutv PRICE DEBIT AMOUNT CREDIT AMOUNT 12/30/06 OPENING BALANCE 5.051.800.21 01/02/07 REINVEST DREYFUS CASH MANAGEMENT-CL A DICA 23.910.27 23.910.27 INSTITUTIONAL SHARES DIVIDEND REINVEST 01/02/07 DIVIDEND DREYFUS CASH MANAGEMENT-CL A CCU 23.910.27 INSTITUTIONAL SHARES AMT INCLUDED IN 2006 - 1099 01/03/07 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICXX 5.370 1.0000 5,370.00 INSDTUTIONAL SHARES 027 02/01/07D6:18 001 V004 EFTA00201129 OFFICE SERVICING YOUR ACCOUNT CLEARED THROUGH ITS WHOU.Y OMNED SUBSIDIARY SOM. sown secwien CYO. BEAR STEARNS Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 One Mewled, Conic. North 9roStlfn. Nov York 112014859 JEFFREY EPSTEIN 7 Transaction Detail (continued) MONEY FUND ACTIVITY (continued) DATE STATEMENT PERIOD December 30.2006 THROUGH January 31.2007 ACCOUNT NUMBER TAXPAYER AUSSER On File LAST STATEMENT December 29.2006 MGVAY TRANSICTIGN DESCRIPT17N SYMECVOUSIP cowry PRICE DEBIT won CREDIT AMOUNT 01/05/07 SOLD DREYFUS CASH MANAGEMENT-CL A DMA -1.500.000 1.0000 1.500.000.00 INSDTUTIONAL SHARES 01/11/07 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICA 838.768.97 1.0000 838,768.97 INSDTUTIONAL SHARES 01/11/07 SOLD DREYFUS CASH MANAGEMENT-CL A MCA -1.000.000 1.0000 1.000.000.00 INS11TUTIONAL SHARES 01/16/07 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICA 996.88 1.0000 996.88 INSDTUTIONAL SHARES 01/22/07 SOLD DREYFUS CASH MANAGEMENT-CL A DICA -1.000.000 1.0000 1.000.000.00 INSDTUTIONAL SHARES 01/29/07 SOLD DREYFUS CASH MANAGEMENT-CL A MCA -1.000.000 1.0000 1.000.000.00 INSDTUTIONAL SHARES 01/31/07 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICA 2.600 1.0000 2.600.00 01/31/07 INSDTUTIONAL SHARES CLOSINGBALANCE 1.423.446.33 TOTAL $671.646.12 $4.523910.27 DIVIDENDS DATE DESORPTION SYMEICIAUSIP OUNNTITY PATE 1S) CENT AMOUNT CREDIT AMOUNT 01/02/07 RAMCO GERSHENSON PROPERTIES RPT 5.370.00 TRUST-MD S81 CASH DIV CN 12000 SHS REC 12/20106 PAY 01/02/07 AMOUNT INCLUDED ON 2006-1099 01/16/07 KIMCO REALTY CORP KIM 98 0.3600 35.28 REC 01/02107 PAY 01/16107 027 02)01/0706:18 001 11004 EFTA00201130 CLEARED THROUGH ITS VOICU.Y OMED SUBIC:1.01v BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 8 Transaction Detail (continued) DIVIDENDS (continued) 134181.911ms SOMAIMI CYO. One Motrotoch Conk. North Oro:Wm Nov York 112014859 JEFFREY EPSTEIN STATEMENT PERIOD December 30.2006 THROUGH January 31.2007 ACCOUNT NUMBER TAXPAYER ALMMER On Flk LAST STATEMENT D000MDef 29.2006 DATE OESCRETION SYMECUCLISIP OJANTIN RATE IS) DEBIT AMOUNT CREW AMOUNT 01/16/07 GLIMCHER REALTY TRUST-SBI GRT 961.60 CASH DIV ON 2000 SHS REC 12/29/06 PAY 01/1607 AMOUNT INCLUDED ON 2006-1099 01/31/07 FELCOR LODGING TRUST INC FCH 500.00 CASH DIV ON 2000 SHS REC 12/29/06 PAY 01/31/07 AMOUNT NCLUDED ON 2006-1099 01/31/07 HRPT PROPERTIES TR-SBI HRP 2.100.00 CASH DIV ON 10000 SHS REC 12/29/06 PAY 01/31/07 AMOUNT INCLUDED ON 2006-1099 TOTAL $8.966.88 MISCELLANEOUS DVE 1.13DAY TIUNSACTO1 DESCRIPTION DEW AMOUNT CREPT ATADUNT 01/30/07 JOURNAL TO 10.000.000.00 01/30/07 JOURNAL FROM 10,000,000.00 TOTAL $-10.000.000.00 $10,000.000.00 End of Statement 027 OZ01/0706:18 001 V004 EFTA00201131