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ER Cfl File LAST STATEMENT June 29.2007 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 to the other stocks covered by that Analyst. The key for the stock rating values is a

R KAMER Cfl File LAST STATEMENT Pthrulluy 28.2007 SPECIAL NOTICE FOR MARGIN CUSTOMERS If you are a customer with a margin account, you consent to Bear Steams's right to use, lend or pledge any securities held by Bear Stearns in your margin account. In certain circumstances, such loans or other use may limi

Fit LAST STATEMENT kne 29. 2007 EOUMES Equities & Options The research ratings for Bear Steams (BSC) are sham for certain securities covered by the BSC Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is a

NUL/(191t On Ate LAST STATA.919 February 38. 2001 SPECIAL NOTICE FOR MARGIN CUSTOMERS If you are a customer with a margin amount. you consent to Bear Steams'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

WOUt Ott FIN LAST STATFASS Aft 29.2007 Equities & Options The research ratings for Bear Steams (BSC) are shcrarn for certain secuities covered by the BSC Equity Research Department. The fist rating represents the stock's total rerun relative to the other stocks covered by that Analyst. The key for the stock rating values is as

ch 30. 2cm ECCO2In WARR "Ma TENPAVER wars, On FEB SPECIAL NOTICE FOR MARGIN CUSTOMERS If you are a customer with a margin account. you consent to Bear Steams's right to use, lend or pledge any securities held by Bear Steams in your margin account. In certain cicumstances, such loans or other use may limit,

AJSM On File LAST SIMIANS Aine 29.2007 Equities & Options The research ratings for Boar Stearns (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is a

TAxPANPER 'MOM On fie us? STATEMENT Way 31.2037 SPECIAL NOTICE FOR MARGIN CUSTOMERS If you are a customer with a margin account. you consent to Bear Steams'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 Emil.