Epstein Secrets

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THROUGH Deeenter 30.2005 ACCOX47 eutellft TAXPAYER .om On Re MST STATDiestr tioternbet 30, 2005 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain secaities covered by the Frm's Equity Research Department. The first rating represents the stock's total return relative

07.01/051042 OX 1.1013X EFTA01324664 OFFICE SERVICING YOUR ACCOUNT Beat, Stearns b Co. Inc. BEAR 383 Madison Avenue Net York, Nett Yak 10179 STERNS CLLOW.0 reeerwle vas WriOU.11 OvateD 5.8413811T Be. Stew-'. Senates Cory Ore Werreirch Cretre Mn .0012p. Nes at 201 343.9 IMMO JEFFREY EPSTEI

orders or other pending buy or sell open orders on file for your account. reOVI air 4, to, otos to axis ea.ral es esinen: la Chet Savo,. r Cu-9 Stearn if 0a% Sawn. Sotsr+44 Ora Ow Yeawr C.9. heti &War. NV 112;1409 TH1 snowy is vu kritimiliVt P.m*. My. Finn,' Needed 5, a to 099net Thn szewav abldd

N GLENBOROUGH REALTY TRUST INC GL8 CASH 2.000 19.7300 39.460 2.800 7.0958 BSC RATING: STOCK BISECTOR MN SAPIENT SYSTEMS, L.L.C. RATING: S GUMCHER REALTY TRUST•SEU GRT CASH 2.000 25.7200 51.440 1.280 2.4883 HRPT PROPERTIES TIBSBI HRP CASH 10.000 12,6800 126.800 8.400 6.6246 HOSPITALITY

. 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

re Equities & Options (otetnueo) LAST Burner Jus 30.2004 ACCt wartr MIRIAM CURRTN1 MSC:WM MUMS tin OWNI174 Pen wag WAS INCOme YEW 01) GUMCHER REALTY TRJST.SB4 GRT CASH 2.000 21.6600 43.320 3.846 8.8781 HRPT PROPERTIES TR-SBI HRP CASH 10.000 10.0700 100.700 8.400 8.3418 HOSPITALITY

madealt Manta HAMM On FM LaST Sunkte May 31.2001 SPECIAL NOTICE FOR MARGIN CUSTOMERS It you are a customer with a margin account, you consent to Bear Stearns's right to use, lend or pledge any securities held by Bear Steams in your margin account. In certain circumstances, such loans or other use may limit

erates, ACCT nee wan KU ANSI, MIMEO vaLE Man NOME RIMMED MO fa FELCOR LODGING TRUST INC FbI CASH 2.003 21.9600 43.920 2,400 5.4645 GUMCHER REALTY TRUST.S8I GRT CASH 2,000 21.2600 42,520 3.846 9.0452 HRPT PROPERTIES TR-581 HRP CASH 10.000 9.3500 93,500 8,400 8.9840 HOSPITALITY PR