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the preferential tax treatment accorded to dividends. In an effort to maximize execution quality, Bear Stearns may route your equity orders to its Smart Order Router (SOR), The SOR accepts limit and market orders and automates their routing across several sources of liquidity in an attempt to maximize price and
tbearsteams.com or can call (800) 517.2327 to request that a copy of this research be sent to them. DESCRPRON STAIEWCUSI0 ACC! nn OUMMTY PRICE IMPXET VALUE ESTIMIE0 ANNUAL MCCUE ESITUTED VELD IS7 FELCOR LODGING TRUST INC FCH CASH 2.000 26.1900 52,380 2,000 3.8183 GLIMCHER REALTY TRUST
TAXPAYER IDJUSER On File LAST STATEMENT May 31.2007 In an effort to maximize execution quality, Bear Stearns may route your equity orders to its Smart Order Router (SOR). The SOR accepts limit and market orders and automates their routing across several sources of liquidity in an attempt to maximize price and
rsteams.com or can call (800) 517.2327 to request that a copy of this research be sent to them. DESCRATION SYMEIWCUSIP AOC! TOT QUANTITY PRICE IMPXET VALUE ESTRIATED MOAK 7•COAIE ESTIMATED VELD I1,} ABERCROMBIE 8 FITCH CO-C1. A ANF CASH 5,000 79.5400 397,700 3.500 0.8801 BSC RATING: S
the preferential tax treatment accorded to dividends. In an effort to maximize execution quality, Bear Stearns may route your equity orders to its Smart Order Router (SOR), The SOR accepts limit and market orders and automates their routing across several sources of liquidity in an attempt to maximize price and
S CASH MANAGEMENT-CL A DICXX INSTITUTIONAL SNARES EST. 30 DAY AVG YIELD 52100% TOTAL CASH & CASH EQUIVALENTS $2.262.812 QUANTITY 2,262,812.24 IMPXET PRICE VQUE 1.0000 2,262,812 YOUR PRICED PORTFOLIOHOLDINGS $2.262.812 027 0101/0707;l9 001 V015 &Hi. SOW'S SOHNIIIM CYO. One Motrotech Conk
Entities connected to both Smart Order Router and IMPXET

Bear Stearns
ORGANIZATION
North
LOCATIONthe British Bankers Association
ORGANIZATION
Bloomberg L.P.
ORGANIZATION
Jeffrey Epstein
PERSONThe BSSC Margin Basis Rate
ORGANIZATIONthe Bear, Stearns Securities Corp. Statement
ORGANIZATIONEOUITY
ORGANIZATION
New York City
LOCATIONORIVED
ORGANIZATIONMoney Fund
ORGANIZATIONNell York
ORGANIZATIONODIVED
ORGANIZATIONBear, Steams Securities Corp.
ORGANIZATIONConic
ORGANIZATION
NEW YORK NY
LOCATIONStearns & Co. Inc.
ORGANIZATIONthe BSC Equity Research Department
ORGANIZATIONEquities & Options
ORGANIZATIONPeer Perform
PERSON