Epstein Secrets

4 THROUGH December 31.2004 ACCOUNT NUMBER TAXPAYER MASSER On FIk LAST STATEMENT November 30.2004 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the Firm's Equity Research Department, The first rating represents the stock's total return relati

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

e commissions and/or fees paid to Bear Stearns in those accounts in the prior calendar year. 027 07.01,04:13:31 001 2832 EFTA00196790 CLEARED 'MAGOON ITS witCkly 0%1N.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New York Nen York 10179

FINANCIAL TRUST CO INC CO JEFFREY EPSTEIN 6100 RED HOOK QUARTER SUITE 83 ST THOMAS VI 00802 Premise or Third Party Repurchase Agreements with Bear, Stearnsand Co.Inc.outstanding as of date of statement ',UMW'S& START DATE 11 TOTAL REPURCHASETRANSACTIONS As of Makatea dote Tno obore ambons no not apnea

Co. Inc. 383 Madison Avenue New York Nee York 10179 ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WERSITE wvnv.bearstearns.com Important Message Bear Steams is pleased to announce our conversion to a calendar month.end statement. Effective this month. your account statement reflects all activity and acc

• New VC* 11201.3859 FINANCIAL TRUST CO INC 5 oi $ STATEMENT BACKER IS PRINTED ON THIS PAGE 027 1001,03:13:52 001 V813 EFTA00197183 CLEARED 'MAGOON ITS niCkLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York. New York 10179 AC

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

ATEMENT PEROO *11 26. 2003 THROUGH May 30.2003 ACCCUsrt NUMBER TAXPAYER WOOER On Flk LAST STATEMENT April 25.2003 vest EFTA00196708 CLEARED 'MAGOON ITS WHOLLY 01WED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York, Nen York 10179 B

Plow* mood art, cliTobrcB a non/ocelot of Oaths or SIOCI(S. illt0100 &owed b >to. »Gall SoMeas al a:OS.34-142e a y.nco la ChM Sonlcos at Bow. Stearn &curries N.Y IIBBSBSB. $17.739.581 $14.636.568 NE Current market value fflid Last statements market value INSTITUTIONAL INTERESTS AJC #2 STATEME

ERTY CASUALTY CORP CLASS B WHEN. AS & IF ISSUED DISCRETIONARY ORDER TAPB -2.429 18.74000 027 0&21,02:13:23 001 VS66 EFTA00197721 CLEARED 'MAGOON nS WHOU.Y OPINED SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 6 Transaction Detail (continued) INVESTMENT AC