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0.2005 ACCCUNT NUMBER X72 TAXPAYER KAMER On File LAST STATEMENT November 30.2005 CREDIT AMOUNT 1,022.58 $20,653.82 Your messages As part of the National Association of Securities Dealer's (NASD) Investor Education Program, you may obtain information on the NASD's Public Disclosure Program by contacting the NASD at telephone number (
al requirement of approximately $1.3 billion and $1.1 billion by approximately $2,8 billion and $2,8 billion, all respectively, A complete copy of the Bear, Stearns Securities Corp, Statement of Financial Condition is available on the web site wtvw,bearsteams,com, Alternatively, to request a free printed copy please call • tol
BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New York New York 10179 8 vi Your messages As part of the National Association of Securities Dealer's (NASD) Investor Education Program, you may obtain information on the NASD's Public Disclosure Program by contacting the NASD at telephone number (8
al requirement of approximately $1.1 billion and $1,1 billion by approximately $2,6 billion and $2.7 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. Alternatively, to request a free printed copy please call - toll
BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New York Nee York 10179 2 c, Your messages As part of the National Association of Securities Dealer's (NASD) Investor Education Program, you may obtain information on the NASD's Public Disclosure Program by contacting the NASD at telephone number (8
al requirement of approximately $1.1 billion and $1,1 billion by approximately $2,6 billion and $2.7 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. Alternatively, to request a free printed copy please call - toll
MI 30.2005 DEBIT AMOUNT CREDIT AMOUNT 6,500.00 12/30/05 TOTAL CLOSINGBALANCE 20,673,428.39 $.65.290.16 $71.790.16 Your messages As part of the National Association of Securities Dealer's (NASD) Investor Education Program, you may obtain information on the NASD's Public Disclosure Program by contacting the NASD at telephone number (
al requirement of approximately $1.3 billion and $1.1 billion by approximately $2,8 billion and $2,8 billion, all respectively, A complete copy of the Bear, Stearns Securities Corp, Statement of Financial Condition is available on the web site wtvw,bearsteams,com, Alternatively, to request a free printed copy please call • tol
26,284.69 INSTITUTIONAL SHARES DIVIDEND REINVEST 12/29/06 CLOSINGBALANCE 6,209,753.47 TOTAL $.26.284.69 $26.284.69 Your messages As part of the National Association of Securities Dealer's (NASD) Investor Education Program, you may obtain information on the NASD's Public Disclosure Program by contacting the NASD at telephone number (8
al requirement of approximately $1.1 billion and $1,1 billion by approximately $2,6 billion and $2.7 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. Alternatively, to request a free printed copy please call - toll
BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New York Nee York 10179 8 c, Your messages As part of the National Association of Securities Dealer's (NASD) Investor Education Program, you may obtain information on the NASD's Public Disclosure Program by contacting the NASD at telephone number (
al requirement of approximately $1.3 billion and $1.1 billion by approximately $2,8 billion and $2,8 billion, all respectively, A complete copy of the Bear, Stearns Securities Corp, Statement of Financial Condition is available on the web site wtvw,bearsteams,com, Alternatively, to request a free printed copy please call • tol
BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New York Nee York 10179 8 c, Your messages As part of the National Association of Securities Dealer's (NASD) Investor Education Program, you may obtain information on the NASD's Public Disclosure Program by contacting the NASD at telephone number (8
al requirement of approximately $1.1 billion and $1,1 billion by approximately $2,6 billion and $2.7 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. Alternatively, to request a free printed copy please call - toll
Entities connected to both the National Association of Securities Dealer's and the Bear, Stearns Securities Corp

Bear Stearns
ORGANIZATION
New York City
LOCATIONMASSER
PERSONEOUITY
ORGANIZATION
North
LOCATIONMoney Fund
ORGANIZATION
Jeffrey Epstein
PERSONSZeirns
PERSONBear, Stearns & Co. Inc.'s
ORGANIZATIONTHRCOGH
ORGANIZATIONPERKO
ORGANIZATIONMONET
PERSONConsolidated Form
ORGANIZATION
Financial Trust Company
ORGANIZATION
NEW YORK NY
LOCATIONODIVED
ORGANIZATIONNew York Nen York
ORGANIZATIONPeer Perform
PERSONMarket Overweight
PERSONEquities & Options
ORGANIZATION