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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
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ur customers, independent third-party research ('Independent Research'), at no cost, on the common stock of certain companies covered by the Firm's Equity Research Department ('Covered Company). Customers will be able to access this research at wwgv,bearsteams,com or can call (800) 517-2327 to request that a copy of this
for your account. Roza coon oror ditoronoo a rooroctire of Necks or stocks. milleolod as doltrogoti to you. to Mal Sonion of 800614-1128: a veto to ChM Santos ar Boot Steam Secuttles Corp.. One lAeOmMel, Cooler North. BrooNyn. NY. II20, 4050 ME Current market vabe Ed Last statement's market value 4824
ur customers, independent third-party research ('Independent Research'), at no cost, on the common stock of certain companies covered by the Firm's Equity Research Department ('Covered Company). Customers will be able to access this research at wwgv,bearsteams,com or can call (800) 517-2327 to request that a copy of this
0802 Cash 8 Equvalent Mut. mon an/ Offoronoo a rawomIN of dwelt.. or socks, or:Patio:I as doltroma I0 Icu. lo GAM Sonic*. ai 800431-1.129: a yet lo ChM Santos a Bow. Stow@ SecuMes Ca9. 0 ,01.100AM Carla North. BrooWyn. NY II201.3859 Market Value of Your Portfolio Nil Current market vane go Last stateme
Entities connected to both Equity Research Department and ChM Santos

Bear Stearns
ORGANIZATION
North
LOCATION
New York City
LOCATIONTHRCOGH
ORGANIZATIONSZeirns
PERSONEOUITY
ORGANIZATION
Jeffrey Epstein
PERSONMASSER
PERSONthe National Association of Securities Dealer's
ORGANIZATIONNet Capital and Net Capital Requirements
ORGANIZATIONBear, Stearns & Co. Inc.'s
ORGANIZATIONCAPCO
ORGANIZATIONPERKO
ORGANIZATIONMONET
PERSONMoney Fund
ORGANIZATIONStearns Securities Corp
ORGANIZATIONIHROUGH
ORGANIZATIONEquities & Options
ORGANIZATIONContm North
LOCATIONStearns Securities Corp. Net Capital and Net Capital Requirements
ORGANIZATION