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BUR STUARNS 017CE SERviMuG YOUR ACCOUNT Bear. Steams a Co. Inc. 383 Madman Avenue New Yak. New York 10179 (212) 272-2000 8 :is Your messages Bear, Stearns Securities Corp. Net Capital and Net Capital Requirements: At May 31. 2004 and July 31. 2004. the Cunpanys net capital of approximately 53.6 billion and 53.6 billio

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ING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 2 vi Your messages Excess SIPC Account Protection Update Bear, Stearns Securities Corp. ('BSSC"), a member of the Securities Investor Protection Corporation ('SIPC"), provides account protection for the net equity of a customer's funds

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O MARKET MARK TO MARKET SHORT POS 280.592.00 280,592.00 TOTAL 6-5.605.736.90 67.588.543.88 -n C in r _ S8SZSECIO IND ANGS Your messages Bear, Stearns Securities Corp. Net Capital and Net Capital Requirements: At November 30, 2000 and January 26, 2001. the Companys net capital of S2.620,960.000 and 62.761.817.00