Epstein Secrets

NCING FROM 2F8EE0 TO 746FY0 S/D FINANCING RETURN FROM 746FY0 TO 2F8EE0 -2,746 ALLERGAN INC OFFSHORE ARRANGING FLIP TO 736FY0 FROM 746FY0 2,746 ALLERGAN INC DONE AT EDGETRADE.COM INC. FROM 736FY0 TO 746FY0 736FY0 TO 746FY0 USD/EUR S/D FINANCING RETURN FROM 746FY0 TO 2F8EE0 S/D FINANCING FROM 2F8EE0 T

05/30 JOURNAL QUANTITY DESCRIPTION 520 AMERICAN FINL GROUP INC DONE AT EDGETRADE.COM INC. 650 VORNADO REALTY TR DONE AT EDGETRADE.COM INC. 510 VALASSIS COMMUNICATIONS INC DONE AT EDGETRADE.COM INC. 3,753 ALLERGAN INC CORRECTION DONE AT EDGETRADE.COM INC. FROM 746FY0 TO 736FY0 746FY0 TO 736FY0 USD/EUR FUNDS RECEIVE

INC SR 83,975.97 01.0843 05/22/2033 TO 736F10 FROM 746FY0 VALASSIS COMMUNICATIONS INC SR 83,975.97 01.0843 05/22/2033 TO 736F10 FROM 746FY0 ALLERGAN INC 128,911.65 OFFSHORE ARRANGING FLIP TO 736F10 FROM 746FY0 ALLERGAN INC 99.17320 128,911.65 DONE AT EDGETRADE.COM INC. S/D FINANCING RETURN 39

/05 TO 11/30/05 15 OF 17 TRADING ACTIVITY FOR THE MONTH DESCRIPTION VALASSIS COMMUNICATIONS INC OFFSHORE ARRANGING FLIP TO 736F10 FROM 746FY0 VALASSIS COMMUNICATIONS INC DONE AT KBC FINANCIAL PRODUCTS VALASSIS COMMUNICATIONS CVT 144A 01.0843 05/22/2033 DONE AT KBC FINANCIAL PRODUCTS VALASSIS COMMUNICATIONS INC SR

AT EDGETRADE.COM INC. 03 05/24 BOUGHT 510 VALASSIS COMMUNICATIONS INC 28.39720 14,485.38 DONE AT EDGETRADE.COM INC. 03 05/24 BOUGHT 3,753 ALLERGAN INC 95.68370 359,121.03 CORRECTION DONE AT EDGETRADE.COM INC. 01 05/25 JOURNAL FROM TO 31,095.04 TO USD/EUR 01 05/25 WIRED FUNDS RECEIVED B

018.62 DONE AT EDGETRADE.COM INC. 03 05/24 BOUGHT 650 VORNADO REALTY TR 90.02710 58,521.19 DONE AT EDGETRADE.COM INC. 03 05/24 BOUGHT 510 VALASSIS COMMUNICATIONS INC 28.39720 14,485.38 DONE AT EDGETRADE.COM INC. 03 05/24 BOUGHT 3,753 ALLERGAN INC 95.68370 359,121.03 CORRECTION DONE AT EDGETRADE.COM INC.

SIS COMMUNICATIONS INC 28.38380 19,872.51 DONE AT EDGETRADE.COM INC. HCC INSURANCE HOLDINGS INC 30.57970 17,433.57 DONE AT EDGETRADE.COM INC. ALLERGAN INC 94.48000 566.83 DONE AT EDGETRADE.COM INC. INCOME ACTIVITY FOR THE MONTH DESCRIPTION FUNDS DEPOSITED HAVE EARNED CREDIT INT 8 AVG RATE 4.938

FLIP TO 736FY0 FROM 746FY0 HCC INSURANCE HOLDINGS INC PRICE DEBIT CREDIT 19,872.51 17,433.57 OFFSHORE ARRANGING FLIP TO 736FY0 FROM 746FY0 VALASSIS COMMUNICATIONS INC 28.38380 19,872.51 DONE AT EDGETRADE.COM INC. HCC INSURANCE HOLDINGS INC 30.57970 17,433.57 DONE AT EDGETRADE.COM INC. ALLERGAN INC 94.48000

MONTH PRICE DEBIT CREDIT 17,077.61 36,372.00 OFFSHORE ARRANGING FLIP TO FROM CMS ENERGY CORP 10,418.32 OFFSHORE ARRANGING FLIP TO FROM ALLERGAN INC 96.30600 193,200.40 DONE AT EDGETRADE.COM INC. MASCO CORP 31.04470 17,077.61 DONE AT EDGETRADE.COM INC. S/D FINANCING 287,463.69 FROM TO

9 FROM TO DUKE ENERGY HLDG CORP 120,781.19 OFFSHORE ARRANGING FLIP TO MINIM. FROM ALLERGAN INC 359,121.03 OFFSHORE ARRANGING FLIP TO FROM VALASSIS COMMUNICATIONS INC 14,485.38 OFFSHORE ARRANGING FLIP TO FROM VORNADO REALTY TR 58,521.19 OFFSHORE ARRANGING FLIP TO FROM AMERICAN FINL GROUP INC 22,018.62 O

-134,000 VALASSIS COMMUN S INC SR 83,975.97 01 05/22 .08 .1 TO FROM 03 11/28 MRKD/MARKET MAR RKET 224,236.24 03 11/28 JOURNAL -1,300 ALLERGAN INC 128,911.65 OF TO)iiiiii(RRANGING FLIP FROM 01 11/29 MRKD/MARKET MA RKET 74,276.36 01 11/29 JOURNAL -125,000 VALASSIS COMMUNICATIONS CVT 14

UANTITY TRADING ACTIVITY FOR DESCRIPTION THE MONTH PRICE DEBIT CREDIT 03 11/25 MRKD/MARKET MARK TO MARKET 15,305.66 03 11/25 JOURNAL -850 VALASSIS COMMUNICATIONS INC 25,481.93 OFFAINIRRAN P TO FROM 01 11/28 MRKD/MARKET MA RKET 224,236.24 01 11/28 WIRED FUNDS PAID BY WIRE 14,403.00 WIRE TO CITIBANK 0

BONDS PORTFOLIO TYPE LONG OR SHORT(S) DESCRIPTION EQUITIES PRICE MARKET VALUE ESTIMATED ANNUAL INCOME CURRENT YIELD 11 03 37,594 IS) ALLERGAN INC 100.00000 3,759,400.00- 15,037.60- .400 4CSE3 RATING :NEUTRAL INDEPENDENT RATING:4 STAR - Accumulate PROVIDER:Standard 6 Poor's )3 17,250

Q Olt INCOME ACTIVITY FOR THE MONTH DESCRIPTION TAXPAYER ID. STATEMENT PERIOD UNDISCLOSED 11/01/05 TO 11/30/05 PAGE 20 OF 24 DEBIT CREDIT VALASSIS COMMUNICATIONS INC SR 3,551.08 01.0843 05/22/2033 INTEREST CREDIT 11/22/05 ON 655000 BONDS PORTFOLIO TYPE LONG OR SHORT(S) DESCRIPTION EQUITIES PRICE MARKE

O 05/31/06 22 OF 28 TYPE DATE TRANSACTION QUANTITY TRADING ACTIVITY FOR DESCRIPTION THE MONTH PRICE DEBIT CREDIT 03 05/23 JOURNAL 9,786 ALLERGAN INC CLOSE SHORT VS BOX 03 05/23 JOURNAL 2,006 ALLERGAN INC 193,200.40 OFFSHORE ARRANGING FLIP TO FROM 03 05/23 JOURNAL 2,096 ALLERGAN INC 199

MRKD/MARKET MARK TO MARKET 145,207.09 03 05/24 JOURNAL 3,753 ALLERGAN INC 359,121.03 OFFSHORE ARRANGING FLIP TO FROM 03 05/24 JOURNAL 510 VALASSIS COMMUNICATIONS INC 14,485.38 OFFSHORE ARRANGING FLIP TO FROM 03 05/24 JOURNAL 650 VORNADO REALTY TR 58,521.19 OFFSHORE ARRANGING FLIP TO FROM CREDIT SUISSE

PRICE DEBIT CREDIT 01 05/31 MRKD/MARKET MARK TO MARKET 153,828.58 03 05/31 MRKD/MARKET MARK TO MARKET 153,828.58 03 05/31 JOURNAL -6 ALLERGAN INC 566.83 OFFSHORE ARRANGING FLIP TO 736F10 FROM 746FY0 03 05/31 JOURNAL 700 VALASSIS COMMUNICATIONS INC 19,872.51 OFFSHORE ARRANGING FLIP TO

KET MARK TO MARKET 153,828.58 03 05/31 JOURNAL -6 ALLERGAN INC 566.83 OFFSHORE ARRANGING FLIP TO 736F10 FROM 746FY0 03 05/31 JOURNAL 700 VALASSIS COMMUNICATIONS INC 19,872.51 OFFSHORE ARRANGING FLIP TO 736F10 FROM 746FY0 03 05/31 JOURNAL 570 HCC INSURANCE HOLDINGS INC 17,433.57 TYPE DATE TRANSACTION 0