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ling jointly must pay a tax on these items, called 'Intangible Tax", by June 30 to avoid increased penalties. For Tax Returns and information, call the Department of Revenue at 1.800352.3671. End of Statement fige As part of the National Association of Securities Dealer's (NASD) Investor Education Program, you may obta
00 $434,785 97.391 EQUITIES Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the Firm's Equity Research Department. fi e 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
ling jointly must pay a tax on these items, called 'Intangible Tax". by June 30 to avoid increased penalties, For Tax Returns and information, call the Department of Revenue at 1.800.352.3671, 027 1212110509:CO 001 V898 EFTA00200901 CLEARED IHRWOH ITS wittily 0"EO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR AC
LAST STATEMENT OCTOOM 31.2005 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the Firm's 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
figng jointly must pay a tax on these items, called intangible Tat. by June 30 to avoid increased penalties. For Tax Returns and information. call the Department of Revenue at 1.800-352.3671. End of Statemnt As part of the National Association of Securities Dealers (NASD) Investor Education Program. you may obtain inf
0 5434.785 57.391 EQUITIES Equities & Options The research ratings for Bear Stearns (BSC) are Shown for certain securities covered by the Firm's Equity Research Department. The first rating represents the stock's total tarn relative to the other stocks covered by that Analyst. The key for the stock rating values is as
s fling Jointly must pay a tax on these items. called intangible Tax', by lune 30 to avoid Increased nalties For Tax Returns and information, call the Department of Revenue at 027 1211090900 001 V899 EFTA01324622 En IS IJ 00 v, O -n C in r 89855£00- 019- ANGS BEAR STEARNS CCM SERVICING YOUR ACCOUNT Beer
LAST STAmen 06-10000 31.2005 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the Firm's 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
Entities connected to both the Department of Revenue and Equity Research Department

Bear Stearns
ORGANIZATION
New York City
LOCATION
Jeffrey Epstein
PERSON
North
LOCATION
Financial Trust Company
ORGANIZATIONEOUITY
ORGANIZATIONMoney Fund
ORGANIZATIONTHRCOGH
ORGANIZATIONSZeirns
PERSONPAN PACIFIC RETAIL
ORGANIZATIONMASSER
PERSONNet Capital and Net Capital Requirements
ORGANIZATIONEquities & Options
ORGANIZATIONPeer Perform
PERSONBear, Stearns & Co. Inc.'s
ORGANIZATIONCAPCO
ORGANIZATIONthe National Association of Securities Dealer's
ORGANIZATIONIHROUGH
ORGANIZATIONFELCOR LODGING TRUST INC
ORGANIZATIONSABRIENT SYSTEMS
ORGANIZATION