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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
ties listed on the cover page of this statement, If you wish to modify or cease distribution to any of the recipients indicated, please contact your Investment Professional, This reminder notice will continue to be provided to you on your quarterly statements, ThiaLeatty EPSTEIN INTERESTS A/C JEFFREY EPSTEIN ATTN HAR
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
ties listed on the cover page of this statement, If you wish to modify or cease distribution to any of the recipients indicated, please contact your Investment Professional, This reminder notice will continue to be provided to you on your quarterly statements, IhirdParty J EPSTEIN & CO 457 MADISON AVE 4TH FLOOR NEW Y
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
ties listed on the cover page of this statement. If you wish to modify cc cease distribution to any of the recipients Indicated, please contact your Investment Professional. This renvnder notice will continue to be provided to you on your quarterly statements. Tharl.Pada EPSTEIN INTERESTS NC JEFFREY EPSTEIN ATTN HARR
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
ties listed on the cover page of this statement. If you wish to modify or cease distribution to any of the recipients Indicated, please contact your Investment Professional. This rerrinder notice fl continue to be provided to you on your quarterly statements. DiM.P.errd 1 EPSTEIN & CO 457 MADISON AVE 4TH FLOOR NEW Y
Entities connected to both the BSC Equity Research Department and Investment Professional

Bear Stearns
ORGANIZATION
Jeffrey Epstein
PERSON
Bloomberg L.P.
ORGANIZATIONthe British Bankers Association
ORGANIZATIONPeer Perform
PERSONMoney Fund
ORGANIZATIONMarket Overweight
PERSON
New York City
LOCATIONThe BSSC Margin Basis Rate
ORGANIZATION
North
LOCATIONEquities & Options
ORGANIZATION
NEW YORK NY
LOCATIONORIVED
ORGANIZATIONUnteeeti Preen
PERSONConic
ORGANIZATION
Financial Trust Company
ORGANIZATIONMASSER
PERSONVOICUY
ORGANIZATIONYmCuy ORIVED
PERSONStearns & Co. Inc.
ORGANIZATION