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bi I SZZOO-V.L43 0 -n z in z r _ UPZSE00 IND ANDS BEAR STEARNS OFFICE SERVCING YOUR ACCOUNT Beat. Steams & Co. Inc. 383 Mtchson Avenue Neer York. New York 10179 1212) 272-2000 5 Transaction Detail INVESTMENT ACTIVITY OSSEO /100wei In whOuT MIND stain:um, Be. Seems Wins Cm. One Kenton cs

4801.0.156 216.481Tr irt 119 .:i221AWCuVT C1632 2443u2.1 m 03/21/01 MEREST ON CREDIT BALANCE AT 4 12% 03/20 THRU 03/20 03/21/01 INTEREST ON CREDO' BALANCE AT 5000% 02/21 THRU 03/19 03/21/01 SHTACCT FEE 02/21-032001 4.5000 5.0000 287.79 6,351.45 4.987.89 TOTAL 311.627.13 MISCELLANEOUS

0 z m C in z -H r 9T 6175£00-019-ANGS I8 b.) IJ 00 BEAR STEARNS OFOCE SERMCLOG YOUR ACCOUNT Beet. Steams & Co. Inc. 383 Madden Avenue Neer York. New York 10179 47 sr Trades Executed Pending Settlement (continued) W110100 MIX 001 OATE nuadacnos CfSCP1P110,1 02/27/02 02/22/02 BOUGH

OM DAIS TRANSACTION DESCRIrgli SviMouruse CLAMMY Ma ACC0J147 Maerit 111 002, 0y0.1 nia100 LAST STATED/ENT Decentor 31. 2001 DEMI rAIOUNT CREDO MOW 01118/02 01/15/02 BOUGHT TANGER FACTORY OUTLET CENTERS SET 2.100 22.51980 47,432.58 INC DICUTION BY BUCK VS 2100 0145-02 COMMISSION

01101/01.12 17 C01 Vela EFTA01320745 rn 8 IJ INJ IJ BEAR STEARNS OFFICE SERVO% YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue Neer York. New York 10179 (212) 272-2000 3 Si, Cash Flow Analysis Income Summary isa trollop Thes rEWQ YEAR A DATE Opening Balance Seconds.% Sold 328

IMIT Preco lux 28.2003 notOUON My 25. 2003 Its:0 NT Aimee. TAMARA RµtER LAST PARKA? Ane 27.2003 OtSCRPROAI sviectcuse OuNINN Ctill IJADUIR CREDO IJICUqt FEDERAL NATIONAL MTG ASSN 3136FAL01 -289,066 SNIP WO SERIES 322 a 0.001 OUE 03/01132 PRINOPAL MUM,/ 07.25-03 FNMA-30YR(FIIMA)GED 9197