Epstein Secrets

YLIN PHARMACEUTICALS INC OFFSHORE ARRANGING FLIP TO 736FY0 FROM 746FY0 -10,200 AMYLIN PHARMACEUTICALS INC DONE AT CIBC WORLD MARKETS CORP 1,600 MASCO CORP DONE AT EDGETRADE.COM INC. 500,000 AMYLIN PHARMACEUTICALS INC 02.5000 04/15/2011 CORRECTION DONE AT CIBC WORLD MARKETS CORP 01 09/02 JOURNAL 01

N CORP OFFSHORE ARRANGING FLIP TO 736FY0 FROM 746FY0 -6,183 INVITROGEN CORP OFFSHORE ARRANGING FLIP EFTA01592759 TO 736FY0 FROM 746FY0 -2,600 CMS ENERGY CORP DONE AT EDGETRADE.COM INC. 15.86500 41,231.03 515,600.37 515,516.98 362,074.57 83.39 41,231.03 108.92900 225,634.75 225,634.75 83.39 5,766

R ID. STATEMENT PERIOD PAGE 20ST UNDISCLOSED 05/01/06 TO 05/31/06 20 OF 26 TRADING ACTIVITY FOR THE DESCRIPTION MONTH PRICE DEBIT CREDIT MASCO CORP 37,194.12 OFFSHORE ARRANGING FLIP TO FROM RPM INCORPORATED 51,935.24 OFFSHORE ARRANGING FLIP TO FROM CBRL GROUP INC 58,103.13 OFFSHORE AR

N AS OF 03/16/06 DONE AT EXBKR/CUTTONE 6 CO, INC. MASCO CORP 30.30000 36,372.00 CORRECTION AS OF 03/16/06 DONE AT EXBKR/CUTTONE 6 CO, INC. CMS ENERGY CORP 13.01740 10,418.32 CANCELLATION AS OF 04/06/06 DONE AT EDGETRADE.COM INC. CMS ENERGY CORP 13.01740 10,418.32 CORRECTION AS OF 04/06/06 DON

M TO CONSECO INC CVT 112,998.06 03.5000 09/30/2035 OFFSHORE ARRANGING FLIP TO FROM CONSECO INC 76,830.00 OFFSHORE ARRANGING FLIP TO FROM MASCO CORP 39,745.53 OFFSHORE ARRANGING FLIP TO FROM CONSECO INC 25.56000 76,830.00 DONE AT MORGAN, STANLEY AND COMPANY, INCORPORATED CREDIT SUISSE SE

CORPORATION OFFSHORE ARRANGING FLIP TO FROM DUKE ENERGY HLDG CORP PRICE DEBIT 42,716.04 23,525.51 CREDIT OFFSHORE ARRANGING FLIP TO FROM CMS ENERGY CORP 13.00160 16,915.08 DONE AT EXBKR/CUTTONE b CO, INC. DUKE ENERGY HLDG CORP 29.41330 23,525.51 CORRECTION DONE AT EDGETRADE.COM INC. CMS ENER

6,000 MASCO CORP OFFSHORE ARRANGING FLIP TO 736FY0 FROM 746FY0 1,800 CENTERPOINT ENERGY INC OFFSHORE ARRANGING FLIP TO 736FY0 FROM 746FY0 6,000 MASCO CORP DONE AT EDGETRADE.COM INC. 26.69480 160,201.80 25,640.10 160,201.80 25,640.10 PRICE DEBIT 80,100.90 CREDIT INV REP ACCOUNT TAXPAYER ID. STAT

MOTORS OFFSHORE ARRANGING FLIP TO 736FY0 FROM 746FY0 2,000 CMS ENERGY CORP OFFSHORE ARRANGING FLIP TO 736FY0 FROM 746FY0 EFTA01593095 -2,000 CMS ENERGY CORP DONE AT EDGETRADE.COM INC. 14.12560 28,239.33 28,239.33 901,520.00 1,591,601.02 58.95580 16,508.59 1,260,680.17 9,320.00 1,260,680.17 16,50

INT ENERGY INC OFFSHORE ARRANGING FLIP TO 736FY0 FROM 746FY0 MARK TO MARKET MARK TO MARKET MARK TO MARKET MARK TO MARKET MARK TO MARKET 3,277 MASCO CORP JNL SHORT A/C TO MARGIN A/C JNL FROM TYPE 3 TO TYPE 1 MARK TO MARKET -3,277 MASCO CORP JNL SHORT A/C TO MARGIN A/C JNL FROM TYPE 3 TO TYPE 1 4

03 03 03 03 21,490 (S) AMERICAN FINL GROUP INC *CSSU RATING 1,060 (S) AMGEN *CSSU RATING 6,432 (S) CBRL GROUP INC *CSSU RATING 59,867 (S) CMS ENERGY CORP 30,738 (S) CSX CORPORATION *CSSU RATING :OUTPERFORM INDEPENDENT RATING:3 STAR - Hold PROVIDER:Standard & Poor's 51,000 (S) CELGENE CORPORATION

IP TO 736FY0 FROM 746FY0 MARK TO MARKET FUNDS PAID BY WIRE WIRE TO CITIBANK FUT MGN -5,152 MASCO CORP CLOSE SHORT VS BOX MARK TO MARKET 5,152 MASCO CORP CLOSE SHORT VS BOX MARK TO MARKET MARK TO MARKET MARK TO MARKET -4,000,000 SVU 0.0 11/02/31 11/02/2031 TENDER CREDIT 09/27/06 ON 4000000 SHAR

EQUITIES 03 03 03 03 03 03 03 03 03 21,490 (S) AMERICAN FINL GROUP INC *CSSU RATING 10,174 (S) CBRL GROUP INC *CSSU RATING 59,867 (S) CMS ENERGY CORP 31,038 (S) CSX CORPORATION *CSSU RATING :OUTPERFORM INDEPENDENT RATING:3 STAR - Hold PROVIDER:Standard & Poor's 51,000 (S) CELGENE CORPORATION 1

03 03 01 03 03 01 03 03 03 03 03 03 LONG OR SHORT(S) 23,145 (S) EDO CORPORATION *CSSU RATING 58,950 (S) GENERAL MOTORS *CSSU RATING MASCO CORP 26.13000 :UNDERPERFORM INDEPENDENT RATING:3 STAR - Hold PROVIDER:Standard & Poor's 22.88000 :NEUTRAL INDEPENDENT RATING:2 STAR - Avoid PROVID

DOLLAR *** PORTFOLIO TYPE 03 01 03 03 03 01 03 03 01 03 03 LONG OR SHORT(S) 17,152 (S) CBRL GROUP INC *CSSU RATING 800 56,867 (S) CMS ENERGY CORP 16,964 (S) CSX CORPORATION *CSSU RATING :OUTPERFORM INDEPENDENT RATING:3 STAR - Hold PROVIDER:Standard & Poor's 51,000 (S) CELGENE CORPORATION 6

G:3 STAR - Hold PROVIDER:Standard & Poor's 03 72,960 (S) HCC INSURANCE HOLDINGS INC 32.09000 2,341,286.40- 29,184.00- 1.246 03 1,103 (S) MASCO CORP 29.87000 32,946.61- 970.64- 2.946 01 37,214 *CSSU RATING :UNDERPERFORM INDEPENDENT RATING:4 STAR - Accumulate PROVIDER:Standard & Poor's PPL

NC 44.76000 755,280.24- 9,449.44- 1.251 03 62,267 (S) *CSSU RATING :NOT RATED INDEPENDENT RATING:3 STAR - Hold PROVIDER:Standard & Poor's CMS ENERGY CORP 16.70000 1,039,858.90- 03 33,438 (S) CSX CORPORATION 34.43000 1,151,270.34- 13,375.20- 1.162 03 51,450 (S) *CSSU RATING :OUTPERFORM IN

INDEPENDENT RATING:2 STAR - Avoid PROVIDER:Standard 6 Poor's 03 72,460 IS) HCC INSURANCE HOLDINGS INC 29.44000 2,133,222.40- 03 5,223 IS) MASCO CORP 29.64000 154,809.72- *CSSU RATING :NEUTRAL INDEPENDENT RATING:4 STAR - Accumulate PROVIDER:Standard 6 Poor's 03 110,982 IS) PPL CORP 32.30

OD PAGE 20ST UNDISCLOSED 06/01/06 TO 06/30/06 18 OF 20 TYPE LONG OR SHORT(S) PORTFOLIO DESCRIPTION PRICE MARKET VALUE 03 56,067 (S) CMS ENERGY CORP 12.94000 725,506.98- 03 15,379 IS) CSX CORPORATION 70.44000 1,083,296.76- 'CSSU RATING :OUTPERFORM INDEPENDENT RATING:3 STAR - Hold PROVIDE