Epstein Secrets

STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New Y New York 10179 5 Your Portfolio Holdings (continued) Equities & Options (continued) DESORPTION SYMBOL c.bP ACCT TIE OUAMITT PRCE MARKET VALUE ESTIMATED ANNUAL INCOME OURRIBVI YELD IM CSX CORP CSX CASH 2,70

EIST AMOUNT CREDIT AMOUNT 08/05/02 07/31/02 SOLD EDISON INTERNATIONAL EIX -10,000 13.00000 129,396.08 UNSOUCITED 08/05/02 07/31/02 SOLD EMMIS COMMUNICATIONS CORP-CL A EMMS -4,750 15.88870 75,489.05 UNSOLICITED WE MAKE A MKT iN THIS SECURITY AVG PRICE: DETAILS ON REOuEST UNIT PRICE 15,948700 DEFERENCE -

ICING YOUR ACCOUNT Bert Stearns & Co. Inc. 383 meson Avenue New York. New York 10179 (212) 272-2000 5 at a Your Portfolio Holdings (continued) Equities & Options (continued) DISCRIP1Kbl SOIlla/CUSP ACCE TIN OLIANTITT PREF MOW vita ESTIVATED MIMS PICOmE ACCOunT %%noel 102-05152 055 torPAyEll µM Sc

0 5.4400 62.288 EDLSON INTERNATIONAL Et( CASH 14,250 16.7500 238.688 EASTMAN CHEMICAL CO EMN CASH 2.200 48.7900 107,338 3.872 3.6073 EMMIS COMMUNICATIONS CORP-CL A EMMS CASH 14,950 26.7400 399.763 ENZON INC ENZN CASH 6.750 44.2900 298.958 EXPEDITORS INTERNATIONAL OF EXPO CASH 3.000 61.0000 183

STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New Y New York 10179 5 Your Portfolio Holdings (continued) Equities & Options (continued) DESORPTION S1M8CLC.bP ACCT TrPE OLIANIITT PRCE PMFIKET VALLE ESTIMATED ANMJAL INCO1AE CURFOR YELD CITIZENS COMMUNICATIONS CO

ES INC-CA. B CAL -2,500 14.68460 36.520.39 EXECUTION BY MLCO VS 1700 03.25-02. 250 12-26-01 . 550 12-24-01 COMMISSION 175,00 SEC FEE 1,11 EMMIS COMMUNICATIONS CORP-CL A EMMS -1.100 17.86000 19,575.40 EXECUTION BY FCAP VS 1100 12-26-01 COMMISSION 55,00 SEC FEE .60 FOX ENTERTAINMENT GROUP INC FOX -1.900

AR STD;RNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New Y New York 10179 Your Portfolio Holdings (continued) Equities & Options (continued) DESCRPTION svrascco.sP ACCT TEE OUMETITT PRCE MARKET VALLE ESTAMTED ANNUAL INCOME CURES'« YELD NG CENDANT CORP CD CASH 11

0 5.4400 62.288 EDISON INTERNATIONAL EIX CASH 14,250 16.7500 238.688 EASTMAN CHEMICAL CO EMN CASH 2,200 48.7900 107.338 3.872 3.6073 EMMIS COMMUNICATIONS CORP-CL A EMMS CASH 14.950 26.7400 399.763 ENZON INC ENZN CASH 6.750 44 .2900 298.958 EXPEDITORS INTERNATIONAL OF EXPD CASH 3.000 61.0000 18