Epstein Secrets

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

bove 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 appear on your monthly statements. 4) The amount lent to you by BSSC upon which you are charged interest may include purchase

006 THROUGH December 29.2006 ACCCUNT NUMBER TAXPAYER AVSSER On File LAST STATEMENT NO/0SW 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 wvny,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to

bove the BSSC 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 appear on your monthly statements. 4) The amount lent to you by BSSC upon which you are charged interest may include purchase

i ...n. a Ors) To• •Uakap Pat* NT, a 1W xdbio EFTA01320232 CLEVIE0 THROUGH ITS %HOLLY OWICE0 SUOSOARV 0 0 m C in r 917005£00- 019- ANGS BEAR STEARNS orra sERvicturx YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New Yak- New York 10179 4 04 Your Portfolio Holdings CASH S CASH EQUIV

THROUGH Detente. 29. 2008 ACCOLeo %Wein TAnyfril Joan Cn FE)* tAST STATEuEst thbdernber 30.2036 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

3% above the BSSC Margin Basis Rate, 00 4% above the BSSC Fed Funds Rate. or (ii) 5% above UBOR, any rate quoted by Reuters or the rate provided by BSSCs local bank. and will appear on yap monthly statements. 4) The amoral lent to you by BSSC upon which you are charged interest may include purchases

und affiliate and not from the fund's assets and, therefore. have no impact on a fund's expense ratio or yield. Vith respect to money market funds. Bear Steams negotiates revenue sharing payments separately with each fund family and not all fund families pay the same amount or pay according to the same for

RN ea imindocl is sts. Oectrnes TVM *nese% add be nnlowl lays, marts Se Tyne sdrp irrostirt kitangSes 027 O7.O1,O6.1S55 007 VID I EFTA01320678 BEAR STEARNS OFIXE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New York. New 'WI( 10179 2 0 3 Your messages ita? 0 m C in r Z6,

3% above the BSSC Margin Basis Rate, (0 4% above the BSSC Fed Funds Rate. a (ii) 5% above LIBOR. any rate quoted by Reuters or the rate provided by BSSCs local bank, and will appear on your monthly statements, 4) The amount lent to you by BSSC upon which you are charged interest may include purchase

ame amount cc pay according to the same formula. These payments are calculated based on a percentage of the dollar value of the fund assets held by Bear Steams in customer accounts. Bear Steams receives up to 0.66% per year of the average daily assets of fund shares carried in customers' accounts at Bear S

entitled to an extension of time on a margin call. OW10.06.0A 39 001 VAIS EFTA01320712 to IS IJ IJ b.) 0 -n C rn r 9ZSOSEOCIA19- ANGS BEAR STEARNS Can SERVICING YOUR ACCOUNT 1140C Steams & Co. Inc. W A- 5 Cl 6 This statement is provided to explain Bear. Steams & Co. Inc.'s caSCI payment for

above the BSSC Margin Basis Rate. (II) 4% above the BSSC Fed Funds Rate, or (iii) 5% above LIBOR. any rate quoted by Reuters a the rate provided by BSSCs local bank. and MB appear on your montNy statements. 4) The amount lent to you by BSSC upon which you are charged Interest may include purchases o

THROUGH December 29.2006 ACCCUNT NUMBER TAXPAYER NURSER On RIM LAST STATEMENT Hoyernter 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 wvv,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to t

bove the BSSC 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 appear on your monthly statements. 4) The amount lent to you by BSSC upon which you are charged interest may include purchase