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uest that a copy of this research be sent to them, DESCRPSON CANHORN CHEMICAL CORP ACCT MARKET ESTEEM CM:ENT SYMSOLCUSIP TYPE OUANSTY NICE VALIK MOJA& SCONE VELD NT CNCPF CASH 19 Unprioed FELCOR LODGING TRUST INC FCH CASH 2,000 11.3100 22.620 BSC RATING: STOCK U/SECTOR MW GREEN S
ting represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market Underweight. In cases where a BSC rating is present, the name of an independent, third-party research provider and
t that a copy of this research be sent to them, DESORPTION CANHORN CHEMICAL CORP AOCT MARKET ESTEEMED CURFEW SYMECVWSIP TYPE OLIANSTY PRCE VALIK ROOM INCOME YEW DH CNCPF CASH 19 Unpriced FELCOR LODGING TRUST INC FCH CASH 2,000 12.4300 24.860 027 0•01.05:09:49 001 '.876 EFTA0020
ating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market Underweight. In cases where a BSC rating is present. the name of an independent, third-party research provider and
ams.com or can call (800) 517.2327 to request that a copy of this research be sent to them. DESCRFTION SYMBOUCUSIP ACCT TYPE OVAMITY PRCE WW1 VALIK ESTRUM/ ANNUM INCOME CURRID1R YEW I%4 FELCOR LODGING TRUST INC FCH CASH 2.000 22.0000 44.000 1.600 3.6364 GLENBOROUGH REALTY TRUST INC
ting represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market underweight. In cases where the BSC rating is present, the name of an independent, third-party research provider an
Entities connected to both VALIK and Market Overweight

Bear Stearns
ORGANIZATIONPeer Perform
PERSON
Jeffrey Epstein
PERSON
North
LOCATION
New York City
LOCATIONEquities & Options
ORGANIZATIONMoney Fund
ORGANIZATIONEOUITY
ORGANIZATIONMASSER
PERSON
Financial Trust Company
ORGANIZATIONthe National Association of Securities Dealer's
ORGANIZATIONthe Firms Equity Research Department
ORGANIZATIONBear, Stearns & Co. Inc.'s
ORGANIZATIONSZeirns
PERSONTHRCOGH
ORGANIZATIONNov York 11201.3859
LOCATIONODIVED
ORGANIZATIONthe Bear, Stearns Securities Corp
ORGANIZATIONIMICUY
ORGANIZATIONNet Capital and Net Capital Requirements
ORGANIZATION