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

CUNNTiT7 PRCE DEGT AMCW4T GREG T NA0-5T 12'01/04 JOURNAL WALT DISNEY CO HOLDING CO DIS 250.000 JOURNAL FROM TYPE 1 TO 2 12/01/04 JOURNAL FLEXTRONICS INTERNATIONAL FLEX 100.000 LTD JOURNAL FROM TYPE 1 T02 027 DIVI,EISC9:18 001 .86? EFTA00196739 CLEARED THROUGH ITS 0%M.E0 SUBSIDIARY BEAR STEARNS OFF

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

ES C in Equities & Options CESCRPTION 211/0111/CUSP ACC1 TOE 111.1211111 PIECE liatial 13111/AIED VALUE HOU& PICOVE CLORE•11 VIEW (19 FLEXTRONICS INTERNATIONAL FLEX CASH 100,000 7.1300 713,000 LTD CALL TOO INC All 030"" TOOGF 1ARGN -2.003 1.5500 .310,000 EP 0720/2002 VECTOR GROUP LTD VGR CAS

Statements CONFIDENTIAL SDNYG,00353371 EFIA_0022G0h3 EFTA01322382 J m C in r ZLEESEOCIN9- ANGS BEAR STEARNS OTTICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 393 Maxon Avenue New York. New York 10179 (212) 272.2000 What's In This Statement Finan

00 1.0000 36.000.03 027 010A11;12:40001 V583 EFTA01322427 CAUSED THROuOm ITS %TELLY OWN= SLESCOSY 0 -n rn r MESEOCIN9- ANGS IJ IJ S BEAR STEARNS COX( SERVICING YOUR ACCOUNT Bear. StearriS & Co. Inc. 383 MaCoon Avenue New York. New York 10179 (212) 272-2000 19 ow Transaction Detail (continued

CL A EMMS -1.800 20.57740 36.936.20 EXECUTION BY MONT VS 1300 12-26-01. SOO 12-1801 CouramMON 90.00 SEC FEE 1.12 07/12/02 07/09/02 SOLD FLEXTRONICS INTERNATIONAL HEY -MO 7.61280 6,038.05 LTD EXECUTION BY 00844 VS 800 03-05-02 ar.APSD THR0v0m 118 vnioses 0st40 SLISL0das Sear. Reans SeadeM 0se Meeccea

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

NATIONAL LID ITC 100.000 JOURNAL FROM TYPE 2 TO I 12/06/03 JOURNAL VECTOR GROUP LTD VGR 412.658 JOURNAL FROM TYPE 2 TO I 12/06/03 JOURNAL FLEXTRONICS INTERNATIONAL FLEX -100.000 LTD JOURNAL FROM TYPE 2 TO I 12/06/00 JOURNAL GALYANS TRADING INC GLYN 150.000 JOURNAL FROM TYPE 2 TO I 12/06/00 JOURNAL M

your records Sn morn on for rowan namonal 027 DE.2601:i 0:08 001 Important Message In an effort 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

NCE UNSOUCIIED 02/23/01 02120/01 SOLD EMC CORP-MASS EMC -200 55.50000 11.047.13 UNSOUCIIED SEE NOTE '5' ON BACK 02/23/01 02/20/01 SOLD FLEXTRONICS INTERNATIONAL FLEX -400 33.81250 11522.04 LTD UNSOLICITED WE MAKE A MKT IN THIS SECURITY REPORTED PRICE 33 13/16 DEFERENCE - 0.000000 02/23/01 02/20/01

eet .[end men aannea. n14 utemen ate es waned * yew non,. So. rnerse ode IV inartal ntrrAnin 027 011001 13 45 001 347 25.2003 Important Message Bear Stearns 6 pleased to arnounce al corwerslon to a calendar month-end statement. Effecere SOPICInta 2003.PW aCCOunl Statement mill reflect a whiny and acc

AST STATEW30 Detente{ 31.2003 SSYWADIT OAR met OAR TRINSECOON DESCRIP-09 SYMIKLOADP OLWITT PRICE DEMI MOOR <Mt AM0VIT 01/27103 JOURNAL FLEXTRONICS INTERNATIONAL Fla -100.000 LID JOURNAL FROM TYPE 1 TO 2 01/27/03 kuketw. tams TRADING INC GLYN -150.000 JOURNAL FROM TYPE 1 TO 2 01/27/03 JOURNAL TYCO