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04/280'03 JOURNAL MARK TO MARKET SHORT POS 13.250.00 05/05/03 JOURNAL MARK TO MARKET 2.749.00 027 053'03:15:30 001 EFTA00196707 CLEARED THRCOGH in ?NEWLY CI"E0 SUBSIDIARY BEAR STMRNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 6 Tra

spectively, A complete copy of the Bear. Stearns Securities Corp, Statement of Financial Condition is available on the web site www.bearsteams.com. Altematively, to request a free printed copy please call - toll free 1.666-299.9331. BOW. SleamS SOMHIORT CO( .D Ono Mettotech Confer Noah Elrecklin. New Ye*

1 Y813 EFTA00198072 OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York. Nen York 10179 STEARNS CLEARED THRCOGH ITS YrtiC5LY OHY.E0 SUBSIDIARY Boor. Szewn& SO8,444 Corp. Cc* Metrotech Comm North Beccnon. Hew Toot 11201.3859 INSTITUTIONAL INTERESTS ACCOUNT

spectively, A complete copy of the Bear. Stearns Securities Corp, Statement of Financial Condition is available on the web site www.bearsteams.com. Altematively, to request a free printed copy please call - toll free 1.666-299.9331. 1308i.SIWAS SOCuititt COO. Cao Mem:tech Center HORN etCCidel. lie* Tv* 11

Statements EFTA00198892 CLEARED THRCOGH ITS WHOLLY OWNED SUEISIDIAAv BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York New York 10179 A

spectively, A complete copy of the Bear. Stearns Securities Corp, Statement of Financial Condition is available on the web site www.bearsteams.com. Altematively, to request a free printed copy please call - toll free 1.666-299.9331. 1348,. 5188mT SOPPII*1 CO( .p Ono Mettotech Confer Noah Elrecklin. New Yo