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FS SHRT -1.000 54.6500 -54.650 .47 0.0860 LPAITE0 VOTING SHARES GAD2OOKS INC GAD2 MRGN 10.400 13.9900 145.496 G-II APPAREL GROUP LTD GM MRGN 48,450 9.6900 469.481 GERBER CHILDRENSWEAR INC GCW MRGN 15,400 6.4000 98.560 GAP INC GPS SHRT -1.000 27.2100 -27,210 -89 0.327

MADDEN ITO SHOO MRGN 9.500 16.9200 160.740 MAXWELL SHOE CO INC-C1. A «CS MRGN 5.000 17.5500 87.

UCK COMMISSION 35.00 SEC FEE 1.04 NIKE INC-CL B SHORT. EXECUTION BY BARD COwNSSiON 49.00 SEC FEE PACIFIC SUNWEAR OF CAUFORMA INC SHORT. SUWON BY NET COWASSION 42.00 SEC FEE 1.04 KS.5 -500 62.35500 31.126.46 07/09/01 07/03/01 SOW E -700 41 85850 29.235.97 07/09/01 07/03101

limitations and restrictions are fair and equitable to the sole stockholder of the Corporation; and it is further CONFIDENTIAL CONFIDENTIAL SONY GM 00013368 FirstBankPR000531 EFTA_00 2401 I EFTA01269215 7Th CONSENT OF THE BOARD OF DIRECTORS OF FINANCIAL STRATEGY GROUP, LTD. The undersig

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2033 06.500% 0967280211332 REF M 2003050746200000 65 Ø all ai an sea EFTA01320827 0 -n C in r T17905£00- O19- ANGS BEAR STEARNS aria SUWON* YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Afackson Avenue Now York. New Volt 10179 (212) 272-2000 7 et Transaction Detail (continued) INVESTM