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1 CLEARED THRCOGH ITS ?RIMY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. Nen York 10179 ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE wenv.bearstearns.com What's In This Statement 11111111111111111 II Financial Summary

TE DESCRPTEN 06/02/03 AVG BAL 60.963RT 0.550 021 OFFICE INTEREST 0503 SYMEIWOUMP Beer. Steens SOentel GOP. Cc* Meth:Ion Canto North Beccichn. New Yon 11201.3859 FINANCIAL TRUST CO INC STATEMENT PERK* May 31.2003 THROUGH June 27.2003 ACCOUNT NUMBER TAXPAYER WRITER On File LAST STATEMENT May

.00 362.114.00 3-1 .828.633.00 $362.114.00 027 0531 EFTA00195475 CLEARED THROUGH ITS OHT.80 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & 00. Inc. BEAR 383 Madison Avenue New York. New York 10179 STEARNS Beer. SMOG SOPridtt Corp. Ore Llevolech Center North Beccohn. New Yoh 11201.3859

CLEARED THROUGH ITS niCkLY OW,E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Nee York 10179 5 vi Your Portfolio Holdings (continued) Equities & Options (continued) ACC! DESORPTION SYMBatuSie 119E SIRIUS SATELLITE RADIO INC SIR

equest. 027 01,01,04:12:54 001 YSIS EFTA00200737 CLEARED THROWN ITS YiHMV OME0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & 00. Inc. 383 Madison Avenue New York. New York 10179 ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE LICHERMAN.IRA IA1 uearstearns.com What's In Th

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York, Nee York 10179 8 c/ Your messages Bear. Stearns Securities Corp, Net Capital and Net Capital Requirements: At May 31, 2004 and July 31. 2004. the Company'

Statement 027 1030.04:11:50 001 1,8E4 EFTA00196759 CLEARED THROUGH ns WIlCUEY SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & 00. Inc. 383 Madison Avenue New York New York 10179 ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WESSITE LICHERMAN.IRA 67AV uearstearns.com What's In Th

EFTA00195698 CLEARED 1HRWGH ITS ?AIM? 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue Nev York, Nee York 10179 3 O Cash Flow Analysis THIS PERICO Income Summary DC PEW° YEAR TO DATE Opening Balance $128,074.40 Govt. Agency Int. 872,16

ent 027 0628.03:11:38 001 M108 EFTA00195709 CLEARED THRCOGH ITS soseirl 091.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & 00. Inc. 383 Madison Avenue New York. Nen York 10179 ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE www.bearsteams.com What's In This Statemen

V642 EFTA00195739 CLEARED IHRWOH ITS 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue Nev York, Nee York 10179 3 c/ Cash Flow Analysis THIS PERICO Income Summary THS PEW° YEAS TO DATE Opening Balance $385.775.82 Govt. Agency Int. 962,

of Statement 027 0531003:15:30 001 EFTA00195724 CLEARED THRCOGH ITS VolMY OHOXO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & 00. Inc. 383 Madison Avenue New York. New York 10179 ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE vemv.bearstearns.cOm What's In This Statem