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8 b.) V.2 IJ 10 -n C in r 09ETS£00-O19-ANGS BEAR STEARNS OFFICE SERMONG YOUR ACCOUNr Bear. Steams & Co. Inc. 383 Madam ASenre Now York, New Yak 10170 (212) 272.2030 3 to • Transaction Detail (continued) MISCELLANEOUS war !avow raursAci". ocrationow 07/18/03 JOURNAL OAT- CREDO MOIN

01 v141 EFTA01321234 rn IS b.) IJ —J 1.0 BEAR STERNS OFFICE SERVICING YOUR ACCOJNT Bear. Stearns & Co. Inc. 383 Madison kerma New Yoh. New Yak 10179 (212) 272-2000 AOCCUte EXECUtiVE GNMA GOVT BONO viSrt OvRwEBSITE wmabearmearns.ccen What's In This Statement Financial Summary 1 Tra

ditional protection (Excess 5IPC') through a commercial insurer. Effective February 16. 2004. the commercial insurer for Excess SIPC will change to Customer Asset Protection Company MAPCO), a licensed New York insurance company. Account protection appkes when a SIPC member firm fails financially and is unable to meet its obligations

1 1 m z r 868ESEOCIA19- ANGS IS IJ CT IJ BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Beet. Steams & Co. Inc. 383 Madison Arrest New Yoh, New Yak 10179 a a 5 Your Portfolio Holdings (continued) MN SWIM SS Carp Ore IATTOREn Cola *RA Byre£. RIM Trek 11201.3899 INTERNATIONAL CHARITABLE STA

itional protection (' Excess SIPC) through a commercial insurer. Effective February 16, 2004. the commercial Insurer for Excess SIPC will change to Customer Asset Protection Company MAPCO". a licensed New York insurance company. Account protection applies when a SIPC member rrm fails financially and is unable to meet its obigations t

NO Current market value §-o Last statements market value $26.067/10 $26.048.331 Beer. SzeauLL S08,991 Cap. Cc* Metroiech Cantor North aro:kW% New Yak 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERK* Noventer 1.2003 THROUGH Noverneer 28.2003 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STAT

itional protection ("Excess SIPC') through a commercial insurer, Effective February 16, 2004, the commercial insurer for Excess SIPC will change to Customer Asset Protection Company MAPCO", a licensed New York insurance company. Account protection applies when a SIPC member firm fails financially and is unable to meet its obligations