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2006 THROUGH December 29.2006 ACCOUNT NUMBER TAXPAYER AVNEER On FIk LAST STATEMENT N0vet 30.2006 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

ed) EQUITIES Equities & Options Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns 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

3) In either case, the annual rate of interest will not exceed a specified percentage above the applicable rate, specifically (i) 3% above the RS ' Margin Basis Rate, (ii) 4% above the BSSC Fed Funds Rate, or (iii) 5% above LIBOR, any rate quoted by Reuters or the rate provided by BSSCs local bank, and will appe

Statements CONFIDENTIAL SDNYG,00355611 EFTA ,228303 EFTA01324366 0 -n C in r ZT9SSEOCIND- ANGS IS b.) 00 BEAR STEARNS WIC( SERVICING ICOR ACCOUNT Bear. Steams & Co. Inc. 383 Matson Avenue New York. New Nock 10179 (212) 272-2000 ACCOUNT DEMME DCHERMAN.PA !TURB

ar Stearns Margin Basis Rate MI include the short-term market interest rates quoted by money center banks and the Federal Reserve and the rate that Bear Steams Is charged for borrowing money. The Bear Steams Securities Fed Funds Rate is the rate for U.S. dollar funds, as quoted by an independent broker of

eams Secunues Fed Funds Rate or LIBOR and will appear on your monthly statements. Since the rate of interest charged is related to the Bear Steams Margin Basis Rate. the Bear Stearns Securities Fed Funds Rate or LIBOR. any changes in these rates will cause corresponding changes in the rate charged to your accou

lease call -toll free 1.866-299-9331. 02. 03.2201:20.33 001 V514 EFTA01321440 rn I8 b.) V.) E.) —J 00 z ii C in z r 98SISEOCIA19- ANGS BEAR STEARNS ma SERVICING PPM ACCOUNT Bea r Near Y New 10179 S °rk Mik CLEM= MOWN rte SMUT OME0 SUSSIOMM Beet MIMS Semmes Cep. aw ranntra, COW MTh Cue 112

e Bear Stearns Securities Fed Funds Rate or the London Interbank Offering Rate (LIBOR')- The Bear Stearns Margin Basis Rate will be quoted daily by Bear Steams at our main office Xi New York. Factors affecting the determination of the Bear Stearns Moran Basis Rate will include the short-tam market interest

ms Securities Fed Funds Rate or LIBOR and will appear on your monthly statements, Since the rate of interest charged is related to the Bear Steams Margin Basis Rate. the Bear Steams Securities Fed Funds Rate or LIBOR. any changes in these rates will cause corresponding changes in the rate charged to your accoun