Epstein Secrets

AST STATEMENT August 31.2001 CREDIT AMOUNT 63.13 TOTAL $75.15 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.

ALL TYCO INTL JAN 055"" EXP 01/20/2001 NE OTYCAS5 ASSIGNED 02335 9021249A6 300 01/22/01 JOURNAL CALL PNC FINL GRP JAN 070PBW EXP 01/20/2001 NE OPNCAN ASSIGNED 01680 6934759A5 300 01/24/01 01/22/01 SOLD PNC FINANCIAL SVCSGROUP INC NE OPNCAN 300 ASSIGNED PNC -30,000 70.00000 2.099.627.50

K TO MARKET SHORT POS 154,272.00 TOTAL $-322.920.00 $322.920.00 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,

IONAL LTD NE OTYCASO 210 ASSIGNED AS OF 01+22/01 NC -10,000 50.00000 49%880.83 01/24/01 01/22/01 SOLD PNC FINANCIAL SVCSGROUP INC SHORT. NE OPNCAN 200 ASSIGNED AS OF 01/22/01 PNC -10,000 70.00000 69%724.16 01/24/01 01/22/01 SOLD PNC FINANCIAL SVCSGROUP INC SHORT, NE OPNCAN 200 ASSIG

MARKET SHORT POS 1,081,594.00 TOTAL 52,234,263.00 $2.234.263.00 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,

CALL MEDTRONIC JAN 055"" NEN 753 EXP 01/20/2001 NE OMDTASS ASSIGNED 01356 01/22/01 JOURNAL CALL PNC AM. GRP JAN 070PBW 1.100 SIP 01/20/2001 NE OPNCAN ASSIGNED 01682 01/24/01 01/22/01 SOLD PNC FINANCIAL SVCSGROUP INC PNC 55.000 70.00000 3.849.321.66 NE OPNCAN 1100 ASSIGNED AS OF 01/22101