Epstein Secrets

TBL MRGN 3.000 33.2900 99.870 TOYS R US INC TOY SHRT -1.400 20.0700 -28,098 TOMMY HILFIGER CORP-ORD TOM MRGN 58.950 11.2600 663,777 UNITED RETAIL GROUP INC URGI MRGN 35.500 5.9500 211225 URBAN OUTFITTERS INC URBN MRGN 900 13.8500 12.465 Beer. Saea•ns SON, t4,1 COP. CcoMetsolech Cella North

BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New Y New York 10167 Your Portfolio Holdings (continued) Equities & Options 'continued) DEakr'10t1 S1MBOUEUSIP AOCT TYPE OUAMITY PRCE MARKET VALUE ESTIMATED ANNUAL INCOIAE CURFOR YELO nu VARIAN SEMICONDUCTOR EQUIPM

03 -266 0.6229 TOMMY HILFIGER CORP-ORD TOM MRGN 8,250 15.3200 126,390 UCBI-I HOLDINGS INC UCSH SHRT -900 28.8300 -25,947 -126 0.4856 UNITED RETAIL GROUP INC URGI MRGN 35.500 9.6500 342,575 US PHYSICAL THERAPY INC USPH SHRT -500 27.0000 -13,500 VENATOR GROUP INC 2 MRGN 4.300 14.1200 60,716

AR STD;RNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New YY New York 10167 7 Your Portfolio Holdings (continued) Equities & Options 'continued) DLSCR-r.ION SAIECEC.scP ACCT TYPE OUANIITY PRCE MARKET VALUE ESTIMATED ANNUAL INCOME Øren VEID BL1 MENS WEMHOUSE INC MW SHRT

41.4600 182,424 5.720 3.1356 TOMMY HILFIGER CORP-ORD TOM CASH 17,400 13.7500 239,250 USA NETWORKS INC USAI CASH 5,800 27.3100 158,398 UNITED RETAIL GROUP INC URGI CASH 16.700 7.6500 127.755 UNIVERSAL HEALTH SERVICES INC UHS CASH 10.500 42.7800 449.190 CL B VITRO, TECHNOLOGY INC VITR CASH 21

STD;RNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8. Co. Inc. 383 Madison Avenue New Y New York 10179 6 Your Portfolio Holdings (continued) Equities & Options 'continued) DraCtrrintr S51118CL'C.SP ACC! TrPE OLIANTITY PACE MAMET VALLE ESTIMATED ANMJSL INCOME CURREVT YELD MANDALAY RESORT GROUP MBG