Epstein Secrets

s 8 Co. Inc. 245 Park Avenue New York. New York 10167 8 r/1 Your messages In? This statement is provided to explain Bear, Steams & Co, Inc.'s ('BSC') payment for order flow practices. BSC routes a majority of orders for customer securities transactions to the primary market for such securities.

THROUGH ACCCUNT NUMBER Juy 27.2001 CASH & CASH EQUIVALENTS TAXPAYER PURSER On File LAST STATEMENT June 29.2001 MARKET ESTIMATED DESCREPRON SYMOOLCUSP OLIANTITY PRCE VALUE ANNUAL INCOME CASH BALANCE 250,213 DREYFUS TAX EXEMPT CASH 26202K205 10,005,107.47 1.0000 10,005,107 280,143 MANAGE

ANCE 3.0000 2.259.41 AT 3.000% 08/21 MAU 09116 TOTAL 52.45504 Your messages This statement is provided to explain Bear, Steams & Co, Inc.'s ('BSC') payment for order flow practices, BSC routes a majority of orders for customer securities transactions to the primary market for such securities.

Stearns & Co. Inc. 245 Park Avenue New York. New York 10167 4 Is Your Portfolio Holdings CASH & CASH EQUIVALENTS MARKET (STRIATED DESORPTION SYMOOLCUSP OUMfiT1 PRCE VALUE ANNUAL 114.014E CASH BALANCE 1.000.822 TOTAL CASH & CASH EQUIVALENTS $1.000.822 EQUITIES Equities & Options ACCT MARKE

3.0000 1,110.60 AT 3,000% 0621 THRU 09/16 TOTAL $1,218.72 Your messages VS" This statement is provided to explain Bear, Steams & Co, Inc,'s ('BSC') payment for order flow practices, BSC routes a majority of orders for customer securities transactions to the primary market for such securities,

OUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New York. New York 10167 4 c, Your Portfolio Holdings CASH & CASH EQUIVALENTS DESORPTION SYMOOLCUSP OUANTITT PRCE MARKET VALUE ESTMATED ANMIAL WSW STATEMENT PERM THROUGH ACCOUNT NUMBER TAXPAYER AVUSER LAST STATEMENT May 26.2001 June 29.