Epstein Secrets

YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 3 Cash Flow Analysis THIS PENCO Cash Balance Summary OPE,1% CLOSNG Opening Balance Margin • 241.409.36 Miscellaneous 74.792.101.18 Net Cash Balance =I $241.409.36 Amount Credited $74.792.101.18 Miscellane

FACTOR - .94719330 FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SL DATED DATE 07/02/02 BOOK ENTRY ONLY DUE 03/15/2032 5.618% FACTOR — .94719330 Total Government& Agency Obligations MRGN MRGN 47,359,665 54.638.781 UnprIced 9.6479 5.271.513 $7,421,941 121,890 119.373 $449,808 3.134.263 3.069.607 $11,566,481 58.2301

,250,000.00 Amount Debited 5.2.408.158.42 Net Cash Activity -248.485.68 ClosingBalance 583,387.05 Income Summary Cash Balance Summary araea CLOSNG Cash 329.87173 83.387.05 Net Cash Balance 5329.872.73 583.387.05 027 01/2602:00 S4 007 CISARID TROUGH n WOOLLY OWNED SUIMOOlOtt Dm. Senna

SEOCIA19- ANGS 8 IaJ IJ UNITED MTG SECS CORP SERIES 93.1 CL 8-2 DATED DATE 11/28/93 BOCK ENTRY ONLY CUE 11/25/2003 .001% FACTOR e 1.00:03300 Total Government& Agency Obligations TOTAL FIXEDINCOME BEAR STEARNS OffCE SERVICING YOUR ACCOUNT Beer. Steams & Co. Inc. 383 Madison Avenue oh 10179 at. UNITS sonmes Tam Ott Ile

h Eqmalent 450.076 Closing Balance 5450.078.34 Fixed Income 16.075.464 Total S16 525 540 r PHOSE00- 019- ANGS Cash Balance Summary COEXNG CLOSNG 1i7r0ir 992.05 450.076.34 NOtC3f./IB,::WW11 5992.05 4450.076.34 CLEARED ThROuCiri rrs ?Mal OWKED StAISPORY Sew. Stems Semite% Cap. Ore- Ca

FACTOR . .66174275 FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CUSS SW DA= DATE 04/3403 BOOK ENTRY ONLY DUE 01/25/2033 5.881% FACTOR . .78082180 Total Government& Agency Obligations 31392T6E2 3128KVA85 31393C2C6 MRGN MRGN MRGN 22,198,317 3.300,713 18.979.247 10.6633 77.5781 10.6704 2.367.071 2.566,838 2.026.866 S1

IROutei Fetnan 28. 2CO3 ACCOura mance T•33,AYIR Nuttere LAST STATrue.47 Tanury 31. 2003 Your Portfolio Allocation Cash Balance Summary WINK CLOSNG CaSh a Equrrelent 1% maren 51574 385,775.82 Net CaShBalanCe $516.74 $385,775.82 1 1 1 1 L fcred recent 1:Q7 OW 03.13 10 001 99% 3<do-a C

6 9.3921 4.405.222 96.882 2.682.875 60.9022 SERIES 2483 CL SL DATED DATE 07/02/02 BOOK ENTRY ONLY DUE 03/15/2032 5.720% FACTOR - .81309650 Total Government& Agency Obligations 520.865.338 5287.584 58.531.593 Corporate Bonds ACC: /COMO IMAM) CUTOUT DISCRIPTICH STIdiltoCUSP Oussary MICE MUST YALU( WSW 11•4111.