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NS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New York, Nen York 10179 5 ri Your Portfolio Holdings (continued) Equities & Options (continued) DESCRPRON SYMBOUCUSIP ACCT TYPE OUATITY AWKET VALLE ESTIMATED ANMJAL INCOME CURRENT YELD1144 GLENBOROUGH REALTY TRUST INC GL
ARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York, Nee York 10179 8 c/ Your messages Bear. Stearns Securities Corp, Net Capital and Net Capital Requirements: At May 31, 2004 and July 31. 2004. the Company's net capital of approximately $3,6 billion and $3,6 bill
RNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New VOTE Non York 10179 5 ri Your Portfolio Holdings (continued) Equities & Options (continued) DESCRIPTION SYMBOGLESIP ACCT TYPE MANGY MICE MONET VALUE ESTIMATED ANNUAL MOW LERITSVT YELL/ rA) TOO INC BSC RATING: STOCK
ARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York, Nee York 10179 8 c/ Your messages Bear. Stearns Securities Corp, Net Capital and Net Capital Requirements: At May 31, 2004 and July 31. 2004. the Company's net capital of approximately $3,6 billion and $3,6 bill
UGH ITS YnIOLLY OTMVED SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 5 ol Your Portfolio Holdings (continued) Equities & Options (continued) DESCAPTION PROCTER 8 GAMBLE CO ACC! IAARKET ESTRUM CURSOR SGIBOUCUSIP 119E OVA/ARTY PACE VALLE ARMS PACOLIE rEu3 PG CASH
t of approximately $799,5 million and $904.4 million by approximately $1.6 billion and $2.1 billion, all respectively. 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
Entities connected to both Equities & Options and Stearns Securities Corp

Bear Stearns
ORGANIZATION
Financial Trust Company
ORGANIZATION
New York City
LOCATIONMoney Fund
ORGANIZATIONSZeirns
PERSONMASSER
PERSONTHRCOGH
ORGANIZATIONPERKO
ORGANIZATIONEOUITY
ORGANIZATIONOESCRPTION
ORGANIZATION
North
LOCATIONGRECO
PERSON
Jeffrey Epstein
PERSONStearns & Co. Inc.
ORGANIZATIONMONET
PERSONBear, Steams & Co. Inc.
ORGANIZATIONPeer Perform
PERSONMarket Overweight
PERSONthe National Association of Securities Dealer's
ORGANIZATION
Mao Zedong
PERSON