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NYGM,355859 EFTA_00228551 EFTA01324614 082.NED 81110123.4 rta ?met. °MAD SlASIDIARY rn 8 b.) 00 10 1.0 O -n C in r 098SSEOCIN9- ANGS BEAR STEARNS °TICE 5ERVICisiG YOUR ACCOUNT Beat. Stearns a Co. Inc. 383 Madison Avenue New York. New York 10179 IIIndLlrLd11I I II JEFFREY EPSTEIN C./0 FIN
THROUGH Deeenter 30.2005 ACCOX47 eutellft TAXPAYER .om On Re MST STATDiestr tioternbet 30, 2005 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain secaities covered by the Frm's Equity Research Department. The first rating represents the stock's total return relative
07.01/051042 OX 1.1013X EFTA01324664 OFFICE SERVICING YOUR ACCOUNT Beat, Stearns b Co. Inc. BEAR 383 Madison Avenue Net York, Nett Yak 10179 STERNS CLLOW.0 reeerwle vas WriOU.11 OvateD 5.8413811T Be. Stew-'. Senates Cory Ore Werreirch Cretre Mn .0012p. Nes at 201 343.9 IMMO JEFFREY EPSTEI
orders or other pending buy or sell open orders on file for your account. reOVI air 4, to, otos to axis ea.ral es esinen: la Chet Savo,. r Cu-9 Stearn if 0a% Sawn. Sotsr+44 Ora Ow Yeawr C.9. heti &War. NV 112;1409 TH1 snowy is vu kritimiliVt P.m*. My. Finn,' Needed 5, a to 099net Thn szewav abldd
.892 2.600 1.029 3.875 21.000 1115.202 7.3222 8.1139 7.0529 7.1322 1.6974 5.5556 4.1588 5.3571 6.4457 BUCK.4634APA RESEARCH RATING: 8 KRAMONT REALTY TRUST VAS LUCENT TECHNOLOGIES INC DIP 12/102037 PAN PACIFIC RETNL PROPERTIES INC PENNSYLVANIA REAL ESTATE PIVESTIAENT TRUST-SW RAMCO GERSHEMONPROPER
TOTAL CASH & CASH EQUIVALENTS 434.776.19 1.0000 434.776 7.391 1.7000 $434,785 97.391 EQUITIES Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the Firm's Equity Research Department. fi e first rating represents the stock's total return relat
vided by the Firm and/or the inclusion of Independent Research ratings in trade confirmations, periodic account statements or vfimv,bearsteams.com. Bear Stearns is not required to supervise the production of Independent Research and has no responsibility to comment on the content of such Research. End of St
0 6.2609 S8I JOHNSON& JOHNSON JNJ CASH 57.800 63.4200 3.665.676 65.892 1.7975 BSC AMINO: STOCK P/SECTOR MW BUCKINGHAM RESEARCH RATING: 8 KRAMONT REALTY TRUST KRT CASH 2.000 23.4000 46.800 2.600 5.5556 WTS LUCENT TECHNOLOGIES INC LUTHW CASH 235 1.5800 371 IDT 12/10/2007 PAN PACIFIC RETAIL PRO
ce fees will be charged to applicable accounts as of November 1, 2002: The service charge per transaction will be $5.00. Accounts transferred from Bear Steams will be charged a $75.00 account transfer fee. There will be a $50.00 fee for each stock certificate that is sent out in registered form at the cus
698 CLEARED iHRWGH imiCtLY 001.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. New YY New York 10179 Beer. Sterns SO"rett GNP. CcoMeticiech Ganef North Beccioin, Hew TEN 11201.3859 JEFFREY EPSTEIN 3 STATEMENT PERO> 1pnl 27.2002 THROUGH May 31.2002 ACCOUNT
ITY PROPERTIES TRUST HPT CASH 2.000 32.0000 64.000 5.760 9.0000 S81 JOHNSON& JOHNSON JNJ CASH 57,800 57.7600 3.338.528 47,396 1.4197 KRAMONT REALTY TRUST KRT CASH 2,000 14.2200 28.440 2.600 9.1421 RAMCO GERSHENSON PROPERTIES RPT CASH 12,000 19.1000 229.200 20.160 8.7958 TRUST-MD SBI SI
maturity. Please consult your Bear Stearns account executive if you would like to discuss your fixed income portfolio. As a leader in Fixed Income, Bear Steams can analyze any portfolio, held here or elsewhere and make recommendations such that your portfolio is aligned within your tolerance for risk. End
ur Portfolio $618.125 $511.271 $1.600 000 $2.000.000 I N Current market value IN Last statements market value $3.847.404 63.928.546 Beer. Steirns SON•Iliti corp. Cc* Metsolech Center North Beccidon. New you 11201.3859 JEFFREY EPSTEIN STATEMENT PERU/ FADMIIP/ 1, 2003 THROUGH February 28.20
ITY PROPERTIES TRUST HPT CASH 2.000 41.2800 82.560 5.760 6.9767 S8I JOHNSON& JOHNSON JNJ CASH 57.800 51.6600 2.985.948 55.488 1.8583 KRAMONT REALTY TRUST KRT CASH 2.000 18.1000 36.200 2.600 7.1823 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 47.6500 20.775 889 4.2792 INC PENNSYLVANIA REA
ecant So coma YM for irrocetart irdonweco 027 COS.2601:10:08 001 Important Message In an el fort to deliver statements to you more efficiently. Bear Steams has enhanced the distribution of statements to household accounts. Beginning in June-all statements with the same Address and Social Security
LITY PROPERTIES TRUST HPT MRGN 2.000 29.5000 59.000 5.680 9.6271 Sal JOHNSON& JOHNSON JNJ MRGN 57.800 59.1000 3A15.980 41.616 1.2183 KRAMONT REALTY TRUST KRT MRGN 2.000 14.6000 29.200 2.600 8.9041 RAMCO GERSHENSON PROPERTIES RPT MRGN 12.000 16.0500 192.600 20.160 10.4673 TRUST-MD SBI 0
Entities connected to both Bear Stearns and KRAMONT REALTY TRUST

Jeffrey Epstein
PERSON
Financial Trust Company
ORGANIZATION
New York City
LOCATION
North
LOCATIONMoney Fund
ORGANIZATIONEOUITY
ORGANIZATIONBear, Stearns & Co. Inc.
ORGANIZATIONSZeirns
PERSONMASSER
PERSONEquities & Options
ORGANIZATIONTHRCOGH
ORGANIZATIONthe National Association of Securities Dealers
ORGANIZATIONOESCRPTION
ORGANIZATIONMONET
PERSONCOMPTON
LOCATIONthe Bear, Stearns Securities Corp. Statement
ORGANIZATIONCantot North
LOCATIONPeer Perform
PERSONFELCOR LODGING TRUST INC
ORGANIZATIONOUANMY
ORGANIZATION