Epstein Secrets

(FNMA)G1D imits 591.05104 05.500% 7900000 BS -25,000,000 101.10938 25,277,343.75 AS OF 04/06104 TO C/3. PREVIOUS BUY 0314104 031304 BOUGHT U S TREASURY NOTE 25,000.000 96.27030 24.067.575.00 • ' 03,125% AO 15 ACCR. INT. 61.902.32 0 MATURITY OVER REF # 01341012 Al 05,17104 05,13:04 sow U

UNT 04/05/04 JOURNAL FEDERAL HOME LOAN MTG CORP -33.108.931 SERIES 2471 CLASS YT 1,000 DU.. FITMARGN Al REPO AGR 04/05/04 JOURNAL UNITEDW EASURY NOTE ERN A2 3,250 TERM REPO AGREEMENT JOURNAL UNITED EASURY NOTE FILM A2 3,000 I "09 TERM REPO AGREEMENT INTEREST UNITED STAlES 1REASURY

5.89 Portfolio Composition Amount Debited $-81,116,612.47 CashICash Equivalent 29,336 Net Cash Activity -207.908.67 Fixed Income 12.671,042 ClosingBalance $29.336.35 Total $12,700,378 Cash Balance Summary CPUs NG CLOSP1G Margin 237,245.02 29.336.35 Net Cash Balance $237,245.02 $29,336.35 02

r,Stearns& Co.Inc. SETTLEMENT TRADE DATE DATE irriah$ACION DESCRPRON SYMECLCVSIP MANTIC, DEBIT AMOUNT CREDIT AMOUNT 11/15/02 JOURNAL UN EASURY NOTE 15,000.000 15,600,000.00 FITG 4.375 r RP TERMIIIIME T TERM RE 11/15/02 JOURNAL FITG UN 4.375 RP OP REPO A PUP c .1ddy aT EASURY N

TE Dividends/Interest Charged -29.721.47 Bond Purchase Int. -29,721.47 -29.721.47 Amount Debited $-10 310 971.47 Net Cash Activity 1.528.53 ClosingBalance $1,528.53 Portfolio Composition CashtCash Equivalent 1.529 Total $1.529 027 OS2802:12:44 001 Beer. Szea•ns socv,ht, Cat. Ore Meesetech Cell

89ATE4490 /pi 30, 2004 SIIMOUCUSP 01.0/1179 P1 t OUR AMCOR MITE SMOUICT 912828CF5 -25.000.000 99 89063 24.972.656.25 ACCR. INT. 9171.20 U S TREASURY NOTE 912828CE8 -25.000.000 97.46875 24.387.187.50 DUE 04/15/2009 03.125% AO 15 0989016192099 ACCR. MI 46.960.38 YEW 3690% TO MATLflY OVER R

Debited 40.926.845.89 541.116.612.47 Portfolio Composition Ca:AI/Cash Egtivalent 29.336 Net Cash Actinty -207.90367 Fixed Income 12.671.042 ClosingBalance $23336.35 Your Portfolio Total 512.700.378 Allocation StSiZZOO- Vid3 r _ 9S8OS£00 IN9 ANGS Cash Balance Summary Ma,,' 237.24542 29.336.3

3,785 17 FITM A2 REPO A 07/14.:05 JOURNAL FANNIE MAE CMCVSERIES 2003-52 KS-I/0 FLTR 3,785 17 Find AI REPO A 0715/05 JOURNAL UNITED REASURY NOTE ATM A2 4125 .15 TERM REPO AGREEMENT 07/15/05 INTEREST UNITED STATES TREASURY NOTE DUE 053110 4,125 FITM A2 REPO I 07 18 05 JOURNA

.91 Portfolio Composition Amount Debited $.1.059,182A37.86 CashiCash Equivalent 122,206 Net Cash Activity -58.786.57 Fixed Income 3.052,376 ClosingBalance $122,205.83 Total $3.174.582 Cash Balance Summary OFEts NO CLC61/10 Margin 180,992.40 122,205.83 Net Cash Balance $180.992.40 $122,205.83