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OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 8 Your messages Bear, Stearns Securities Corp, Net Capital and Net Capital Requirements: At May 31, 2005 and July 31, 2005, the Company's net capital of approximately $4,1 billion and $3,9 billion was approximately 6% and 7% of aggreg
ng 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 their rating may also
OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 7 Your messages Bear, Stearns Securities Corp, Net Capital and Net Capital Requirements: At May 31, 2005 and July 31, 2005, the Company's net capital of approximately $4,1 billion and $3,9 billion was approximately 6% and 7% of aggreg
ng 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 their rating may also
OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 9 Your messages Bear, Stearns Securities Corp, Net Capital and Net Capital Requirements: At May 31, 2005 and July 31, 2005, the Company's net capital of approximately $4,1 billion and $3,9 billion was approximately 6% and 7% of aggreg
ng 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 their rating may also
Entities connected to both Net Capital and Net Capital Requirements and Market Weight

Bear Stearns
ORGANIZATION
North
LOCATION
New York City
LOCATION
Jeffrey Epstein
PERSONMASSER
PERSONBear, Stearns & Co. Inc.'s
ORGANIZATIONSZeirns
PERSONthe National Association of Securities Dealer's
ORGANIZATIONEOUITY
ORGANIZATIONTHRCOGH
ORGANIZATIONMoney Fund
ORGANIZATIONPeer Perform
PERSONMarket Overweight
PERSONEquities & Options
ORGANIZATIONthe Bear, Stearns Securities Corp
ORGANIZATIONEquity Research Department
ORGANIZATION
Financial Trust Company
ORGANIZATIONNov York 11201.3859
LOCATION
NEW YORK NY
LOCATIONthe Firms Equity Research Department
ORGANIZATION