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earns L Co. Inc. 383 Madison Avenue ems 10179 You are advised to promptfy report any inaccuracy or discrepancy in your account to your broker and Bear, Steams Securities Corp. (BSSC) at the telephone numbers listed on the front of this statement. In order to protect your rights, including any rights under the Securities I

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- ANGS BEAR STURNS COME SERVCRG YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Mason Avenue New York, New York 10179 (212) 272-2000 Your messages Bear, Steams Securities Corp. Net Capital and Net Capital Requirements: At May 31. 2O03 and July 31. 2003, the Companys net capital of approximately 52.4 billion and $3.0 billio

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STEARNS OFFICE SERVICING YOUR ACCOUVT Bear. Stearns a Co. Inc. 383 Madison Avenue New York. Now Yak 10179 (21 2) 272-2000 6 0.! Your messages Bear, Steams Securities Corp. Net Capital and Net Capital Requirements: At November 30. 2002 and January 31, 2003. the Company's net capital of approximately 52.4 billion and 5