Epstein Secrets

IES THIS PERIOD 81,251,555 MONEY MARKET R.W0 BALANCE 17,756,525 Cash & violent 517.756.525 515275.886 NET EQUITY THIS PERIOD $99,008,080 NET EOUITY LAST STATEMENT 91,955,222 CHANGE SINCE LAST STATEMENT 7,052.858 There are no 'Stop Loss' orders or other pending buy or sell open orders on file

cost. Customers can access this research at wvAv.bearsteams.com or can call (800) 517.2327 to request that a copy of this research be sent to them. DESCRPSON APPLE INC AAPL CASH BSC RATING: STOCK CVSECTOR MW BOYARS ALTERNATIVE %%WONT RATING: S ACCT SYMECECUSIP TYPE OUANSTT PRCE MOM ESTIMATED

4 Fund Activity 4 Your Portfolio at a Glance MONEY MARKET FUND BALANCE 27,308,915 Cash & Equivalent NET EQUITY THIS PERIOD $27,308,915 NET EOUITY LAST STATEMENT 27.272,234 CHANGE SINCE LAST STATEMENT 36,681 There are no 'Stop Loss' orders or other pending buy or sell open orders on file fo

Co. Inc. 383 Madison Avenue New York, New York 10179 5 c/ Transaction Detail (continued) DEPOSITS AND WITHDRAWALS (continued) DATE TRANSACT= DESCRPSON DEBIT AMOusr CREDIT AMOUNT 03/29/04 DEPOSIT SEC AND EXCH COMM CRAWFORD 36.67 00 INTERN CHRITABLE BK OF THE WEST TOTAL 8-5,000,000.00 $27,3

ER STE B3 ST THOMAS VI 00802 Market Value of Your Portfolio Cash 8 Eqtivalent 40 5732.186 kt $244.955 NET EQUITY THIS PERIOD $12,063,068 NET EOUITY LAST STATEMENT 11,991,065 CHANGE SINCE LAST STATEMENT 72,003 There are no 'Stop Loss' orders or other pending buy or sell open orders on tile fo

ced TALPHET ESTIMATED Q. IT yALuE ANNUAL INCOLIE yap IT4 so so TOTAL EQUITIES so so FIXED INCOME Government & Agency Obligations ACCT DESCRPSON SThWICUSP TYPE FEDERAL HOME LOAN MTG CORP MRGN SERIES 2530 CLASS SE DATED DATE 10/11/02 BOOK ENTRY ONLY DUE 0271S2032 6,161% FACTOR — .30594

TAL VAWE OF SECURITIES THIS PERIOD LONG ACCRUED INTEREST NET CREDIT BALANCE 12,394,691 160,153 228,003 NET EQUITY THIS PERIOD $12,782,847 NET EOUITY LAST STATEMENT 13,363,739 CHANGE SINCE LAST STATEMENT -580,892 There are no 'Stop loss' orders or other pending buy or sell open orders on file

8.2004 THROUGH March 31.2004 ACCOUNT NUMBER TAXPAYER MAGER On File LAST STATEMENT February 27.2004 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPSON STAIBECCUSIP OUNGITY OMIT AMOUNT CREDIT AMOUNT 03/08/04 JOURNAL FEDL HOME LOAN MM CORD#503602 3,057,097 2,376,000.00 SERIES 223 CLASS PO D

AL VALUE OF SECURITIES THIS PERIOD 18,500,041 LONG ACCRUED INTEREST 221,050 NET CREDIT BALANCE 531,555 NET EQUITY THIS PERIOD $19,252,646 NET EOUITY LAST STATEMENT CHARGE SINCE LAST STATEMENT 20,131,089 -878,443 There are no 'Stop loss' orders or other pending buy or sell open orders on tile

NT 11-25.03 TOTAL $637,878.91 REPURCHASE AND REVERSE REPURCHASETRANSACTIONS with Bear,Stearns& Co.Inc. SET'LEMEM TRADE DVE DATE TRANSACTION DESCRPSON 11105.1. JOURNAL ADP CD FITM-PR SYMBCLCUSIP OUANTITY OMIT AMOUNT CREDIT AMOUNT 11/05/03 11/05: JOURNAL ADP CD FITM-PR JOURNAL ADP CD F