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. 2004 ne3uOm Augm 31.2001 ACOOlte NUIMIR 038.28825 X72 TosaweLR so.RER G Rik UST STAMM! Ay so. 2004 Equities & Options The research ratings fa Bear Stearns (BSC) are shown for certain securities covered by the Firm's Equity Research Department, The first rating represents the stock's total return relati

1,8400% TOTAL CASH & CASH EQUIVALENTS 412,965.08 412.965 6.607 1.5999 $416.505 S6.607 EQUITIES 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

cess this research at www.bearsteams.com or can call (800) 517.2327 to request that a copy of this research be sent to them. MOM URRE UrstnED NT DISCRIMON SNIANCRXIAR. 40:1 <AWRY nPE Ott MLR NOJUM. INCOME C 1/1110 co CANHORN CHEMICAL CORP CNCIIF CASH 19 Urpdced FELCOR LODGING TRUST INC FCH

nen fteerete eat] W realied for rat neofl See Mow bat Iv :win Merman, 027 0707.02 II v2 071 EFTA01322589 0 i t C in r TOLESE00- 019- ANGS BEAR STEARNS ORRICE SERVICING YOUR ACCOUNT Bear. Steams de Co. Inc. 383 Maclean Avenue New Yea New Yore 10179 2 011 Transaction Detail DEPOSITS AND WITHDRA

9500% TOTAL CASH & CASH EQUIVALENTS 1.0000 1,448,644 30.422 2.1000 51 .532.031 S30.422 FIXED INCOME Government 8, Agency Obligations ACCT DISCRIMON 5.04SOUCUSP T,14 OtunnTy fl u •A4.2011 vlaUE UNITED MTG SECS CORP 911028AL2 CASH 7,376.883 Unpricecl SERFS 93.1 CL 8.2 DATED DATE 1106/93

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

w VASIIR MIMI 28.2003 030-660S6 X72 CASH 8 CASH EQUIVALENTS TAYSAYPI 10.1111CR lAST ITATLIMOT On Ede FIReuary 28.2003 WARM ntlMlID LUNIENT DISCRIMON 31.1.(bOt-Cue0 YAW( Waal 040.4 1101101) CASH BALANCE •4055.323 TOTAL CASH & CASH EQUIVALENTS 54,955.323 EQUITIES Equities & Options ACM w