the BSC Equity Research Department
ORGANIZATIONthe Bear, Stearns Securities Corp. Statement
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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
al requirement of approximately $1.2 billion and $1.2 billion by approximately $2,8 billion and $2,8 billion, all respectively, A complete copy of the Bear, Stearns Securities Corp. Statement of Financial Condition is available on the web site mvw,bearsteams,com, Alternatively, to request a free printed copy please call - toll free 1.866
AMMER On File LAST MAMIE& 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
tal requirement of approximately $12 billion and $1.2 billion by approximately $2.8 billion and $2.8 billion, all respectively. A complete copy of the Bear, Stearns Securities Corp. Statement of Financial Condition is available on the web site www.bearsteams.com. Alternatively, to request a free printed copy please call - toll free 1.866
SER On 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
al requirement of approximately $1.2 billion and $1.2 billion by approximately $2.8 billion and $2.8 billion, all respectively. A complete copy of the Bear, Stearns Securities Corp. Statement of Financial Condition is available on the web site www.bearsteams.com. Alternatively, to request a free printed copy please call - toll free 1.866
Entities connected to both the BSC Equity Research Department and the Bear, Stearns Securities Corp. Statement

Bear Stearns
ORGANIZATION
Jeffrey Epstein
PERSON
North
LOCATION
New York City
LOCATIONMoney Fund
ORGANIZATIONEOUITY
ORGANIZATIONStearns & Co. Inc.
ORGANIZATION
Bloomberg L.P.
ORGANIZATIONthe British Bankers Association
ORGANIZATIONEquities & Options
ORGANIZATIONMASSER
PERSON
Financial Trust Company
ORGANIZATIONthe National Association of Securities Dealers
ORGANIZATION
NEW YORK NY
LOCATIONMarket Overweight
PERSONPeer Perform
PERSONThe BSSC Margin Basis Rate
ORGANIZATION
George W. Bush
PERSONSmart Order Router
ORGANIZATIONConic
ORGANIZATION