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

AS t TO CXL PREVIOUS BUY -10.000.000 PRINCIPAL FEDERAL HOME WAN MTG CORP NINE 2.196.000 SERIES 2471 CLASS YT 1,000 DUE 03/15132 PRINCIPAL REDUCTN 12-15-02 PRINCIPAL FEDERAL HOME LOAN MTG CORP -250 SERIES 2471 CLASS YT 1,000 DUE 03/15/32 PRINCIPAL REDUCTN 12-15-02 PRINCIPAL FEDERAL HOME

,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

04/15/2002 NO SHARES ON WIG ENTRY 05/08/02 PRINCIPAL UNITED LOG SECS CORP 911028/12 • 33.472 SERIES 93-1 CE 8.2 0.001 CUE 11/25/03 PRINCIPAL REDUCTN 04-25-02 05.008/02 PRINCIPAL UNITED MTG SECS CORP SERES 93-1 CL B-2 911028412 133,471.72 0.001 DUE 1125413 PRINCIPAL PAYSIDEI 04-25-02 05/09

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

46410000 BS AS OF 121018)3 12/05/03 PRINCIPAL FEDERAL NATIONAL MTG ASSN 3136FALG1 49.948 SIRP MTG SERIES 322 CL PO 0.001 WE 03/01/32 PAW/PAL REDUCTN 12.2543 12/05/03 PRINCIPAL 1601 HOME LOAN MEG CORPOS03602 3128HVAB5 -59.396 SERIES 223 CUSS PO DUE 12/01/32 PRINCWAL REDUCTN 12-15-03 12/05/

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

AE Cm0/SERIES 200242 544/0 FUR 6.730 DUE 10/2931 PRINCIPAL REDOC17405-25-03 FANNIE Mg 040/SERIES 2002-82 5K-V1 FUR 6.730 CAN 10.25/31 PRNCIPAL REDUCTN 05.25-03 FEDERAL NATIONAL MTG ASSN SERIES 2003.49 CLASS SW CAN 01/26/2033 05.68031 0987021011332 RET 2003042954310000 65 2.‘ OF 04/29103 3139