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equirement of approximately $716.3 million and $684.1 million by approximately $1.7 billion and $1.7 billion, all respectively. A complete copy of the Bear, Stearns Securities Corp. Statement of Financial Condition is available on the web site ww.v bearstearns.com Alternatively, to request a free printed copy please call • toll free -
void increased penalties. For Tax Returns and information, call the Department of Revenue at 1.800.352.3671, Excess SIPC Account Protection Update Bear, Steams Securities Corp. ('BSSC'), a member of the Securities Investor Protection Corporation (SIPC"), provides account protection for the net equity of a customer's funds
al requirement of approximately $1.2 billion and $1.2 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 mvw,bearsteams,com, Alternatively, to request a free printed copy please call - toll free 1.866
notice is to advise you of certain changes in the manner in which interest will be charged on any U.S. dollar-denominated credit extended to you by Bear, Steams Securities Corp. ("BSSC') for the purpose of purchasing, carrying or trading in any security. Interest will continue to be based on either the BSSC Margin Basis Rat
al requirement of approximately $1.2 billion and $1.2 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 www.bearsteams.com. Alternatively, to request a free printed copy please call - toll free 1.866
notice is to advise you of certain changes in the manner in which interest will be charged on any U.S. dollar-denominated credit extended to you by Bear, Steams Securities Corp. ("BSSC') for the purpose of purchasing, carrying or trading in any security, Interest will continue to be based on either the BSSC Margin Basis Rat
tal requirement of approximately $12 billion and $1.2 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 www.bearsteams.com. Alternatively, to request a free printed copy please call - toll free 1.866
notice is to advise you of certain changes in the manner in which interest will be charged on any U.S. dollar-denominated credit extended to you by Bear, Steams Securities Corp. ("BSSC') for the purpose of purchasing, carrying or trading in any security, Interest will continue to be based on either the BSSC Margin Basis Rat
requirement of approximately 4799.5 million and 6904.4 mil on by approximately 31.6 billion and 62,1 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. ARematkely. to request a free printed copy please call • toll free 1-866-29
STEARNS OFFICE SERVICING YOUR ACCOUVT Bear. Stearns a Co. Inc. 383 Madison Avenue New York. Now Yak 10179 (21 2) 272-2000 6 0.! Your messages Bear, Steams Securities Corp. Net Capital and Net Capital Requirements: At November 30. 2002 and January 31, 2003. the Company's net capital of approximately 52.4 billion and 5
Entities connected to both the Bear, Stearns Securities Corp. Statement and Bear, Steams Securities Corp.

Bear Stearns
ORGANIZATION
New York City
LOCATION
Jeffrey Epstein
PERSON
North
LOCATIONStearns & Co. Inc.
ORGANIZATIONMoney Fund
ORGANIZATIONEOUITY
ORGANIZATIONthe National Association of Securities Dealers
ORGANIZATION
George W. Bush
PERSONMASSER
PERSON
Financial Trust Company
ORGANIZATIONBear, Steams & Co. Inc.
ORGANIZATIONEquities & Options
ORGANIZATION
New York
LOCATION
NEW YORK NY
LOCATIONSmart Order Router
ORGANIZATION
Bloomberg L.P.
ORGANIZATIONORIVED
ORGANIZATIONThe BSSC Margin Basis Rate
ORGANIZATIONNew York Nen York
ORGANIZATION