Epstein Secrets

03 08/03 SOLD 03 08/03 SOLD 01 08/03 BOUGHT 03 08/03 SOLD 01 08/03 BOUGHT -160 HCC INSURANCE HOLDINGS INC DONE AT EDGETRADE.COM INC. -26,100 FRANKLIN RESOURCES INC DONE AT MERRILL LYNCH, PIERCE, FENNER AND SMITH, INC. -42,200 HCC INSURANCE HOLDINGS INC DONE AT KBC FINANCIAL PRODUCTS 1,000,000 HCC INS HLDGS IN

WYETH CORRECTION DONE AT GOLDMAN SACHS AND COMPANY 2,000,000 WYETH NOTE SR CVT FR 02.3900 01/15/2024 DONE AT GOLDMAN SACHS AND COMPANY 2,880 DUKE ENERGY CORP DONE AT EDGETRADE.COM INC. FUNDS RECEIVED BY WIRE FROM 736FY0 TO 746FY0 736FY0 TO 746FY0 USD/VAR EFTA01592847 28.39280 81,785.66 2,741.00 29,

RN FROM 746FY0 TO 2F8EE0 S/D FINANCING FROM 2F8EE0 TO 746FY0 1,981 FRANKLIN RESOURCES INC OFFSHORE ARRANGING FLIP TO 736FY0 FROM 746FY0 -1,981 FRANKLIN RESOURCES INC DONE AT EDGETRADE.COM INC. 95.09070 188,358.98 188,358.98 94,179.49 94,179.49 PRICE 27.41730 DEBIT CREDIT 2,466.89 8,397.00 66,585.62 INV

INTERNATIONAL GAME TECHNOLOGIES TO 736FY0 FROM 746FY0 -2,180 DUKE ENERGY CORP OFFSHORE ARRANGING FLIP TO 736FY0 FROM 746FY0 EFTA01592899 2,180 DUKE ENERGY CORP DONE AT EDGETRADE.COM INC. 26.30340 57,355.03 678,746.99 678,746.99 57,355.03 678,742.50 678,742.50 68,289.91 68,289.91 79,224.80 30.13780

TION 26.63000 639,120.00- 2,880.00- .451 'CSFB RATING :NEUTRAL INDEPENDENT RATING:2 STAR - Avoid PROVIDER:Standard 6 POOr'S 03 26,100 (5) FRANKLIN RESOURCES INC 92.88000 2,424,168.00- 10,440.00- .431 03 98,300 IS) GENERAL MOTORS 21.90000 2,152,770.00- 196,600.00- 9.132 'CSFB RATING :OUTPERFORM IN

01/05 TO 11/30/05 22 OF 24 PORTFOLIO LONG OR DESCRIPTION PRICE MARKET ESTIMATED CURRENT SHORT(S) VALUE ANNUAL INCOME YIELD % 01 3,010 DUKE ENERGY CORP 26.86000 80,848.60 3,732.40 4.617 "CSFB RATING :Restricted INDEPENDENT RATING:Not Shown PROVIDER:Standard 6 Poor's 03 73,171 IS) DUKE ENER

ACTIVITY FOR THE MONTH DESCRIPTION FRANKLIN RES INC SR LYON CVT DUE 2 05/11/2031 TENDER CREDIT PRICE DEBIT CREDIT 01 12/27 JOURNAL -26,100 FRANKLIN RESOURCES INC CLOSE SHORT VS BOX 01 12/27 TND 28,081 FRANKLIN RESOURCES INC TENDER CHARGE 03 12/27 MRKD/MARKET HARK TO MARKET 2,662,626.44 03 12/27 JOURN

RGE 03 12/27 MRKD/MARKET HARK TO MARKET 2,662,626.44 03 12/27 JOURNAL 26,100 FRANKLIN RESOURCES INC CLOSE SHORT VS BOX 03 12/27 JOURNAL -90 DUKE ENERGY CORP 2,466.89 OFFSHORE ARRANGING FLIP TO 736FY0 FROM 746FY0 01 12/28 HIRED FUNDS PAID BY WIRE 11,666.00 FUTURES WIRE 01 12/29 MRKD/MARKET MARK TO

RP 26.48000 1,870,838.48- 87,607.24- 4.683 "CSFB RATING :Restricted INDEPENDENT RATING:Not Shown PROVIDER:Standard 6 Poor's 03 26,100 IS) FRANKLIN RESOURCES INC 88.37000 2,306,457.00- 10,440.00- .453 03 98,300 (S) GENERAL MOTORS 27.40000 2,693,420.00- 196,600.00- 7.299 'CSFB RATING :OUTPERFORM

CO 24.37000 456,937.50- 4,500.00- .985 'CSFB RATING :OUTPERFORM INDEPENDENT RATING:4 STAR - Accumulate PROVIDER:Standard 6 Poor's 01 3,010 DUKE ENERGY CORP 26.48000 79,704.80 3,732.40 4.683 'CSFB RATING :Restricted INDEPENDENT RATING:Not Shown PROVIDER:Standard 6 POOr'S 03 70,651 IS) DUKE ENE