Epstein Secrets

LD 07/14/05 06/03/05 BOUGHT 07/14/05 G6/23,05 BOUGHT 07/14/05 05106:05 SOLD 07114105 G6.06:05 SOLO 07/14/05 06/07/05 SOLD DESORPTION UNITED TATES TR U YN 03.62514.1D 30 GVER REF # Gi813781181 UNITED STATES TREASURY NOTE 03,625% JD 30 1-L . 0 MATURITY OVER REF # G1813788 Al FNMA 30YR TBA

HOME LOAN MTG CORP/S10110 SERIES 228 CLASS 10 6.000 DIVE 02101735 ADJ POS UNITED STATES TREASURY NOTE 04.000% FA MATURITY GVER REF # G1333411 Al UNITED STATES TREASURY NOTE 04.125% MN IS MATURITY GVER REF # G1333415 Al FEDL HOME LOAN MTG CORHAST 0170 SERIES 228 CLASS 10 6.000 DIVE 02101/35 ADJ POSITI

. 9.850.64 OVER REF o 01181006 Al 0510645 PRINCIPAL FEDL HOME LOAN MTG CORN/Stet 10 -236.730 SERIES 228 CLASS 10 6400 DUE 02/01/35 PRINCIPAL REDUCTN 05-15-05 027 DS01.05:09:03 001 V878 EFTA00196121 CLEARED THROUGH ITS O‘M‘ED SUEISIDaTve BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. S

1212029 PRINCIPAL REDUCTN 06-20-05 06/20/05 PRINCIPAL GOVERNMENT NATIONAL MTG ASSOC -139.052 SERIES 2004-041 CLASS SE DUE 05020/30 PRINCIPAL REDUCTN 06-20-05 06,22105 06/21/05 SOLO UNITED STATES TREASURY NOTE -20.000.000 100.37500 20.075.000.00 04.125% MN 15 ACCR. INT. 85.190.22 MATURIT

-10,944807 310000.00 -5.310.807 3.972.000 .00 -9.869.325 2.125.000.00 -8.000.000 9.087.000.00 10.000.000 11.762.500 AO 02/15105 JOURNAL UNITED TATES 1 SURY NOTE FIRM Al 4.250 14 REPO AGREEMENT -42.000.000 42.840.000.00 02/15105 JOURNAL LIMTEO SIAJESJREASURY NOTE FITM 42 4.250 14 TE

03/15/05 BOUGHT 04/13/05 03/16/05 BOUGHT 04/13/05 03/21/05 BOUGHT UNITED STATES TREASURY NOTE 03,000% JD 30 0 MATURITY GVER REF # G0901002 Al UNITED STATES TREASURY NOTE 03,750% MS 31 0 MATURITY GVER REF Ft 60901006 Al UNITED STATES TREASURY NOTE 03,750% MS 31 0 MATURITY GVER REF # G0901006 81 FN

-05 PAD 04-25-05 REPO P 8I 0.0000 04,25'05 PRINCIPAL FEDERAL NATIONAL MTG ASSN -342.955 SERIES 2003-49 CLASS SW 4.150 DUE 01/25/33 PRINCIPAL REDUCTN 04-25-05 04,25105 PRINCIPAL FEDERAL NATIONAL MTG ASSN 16.920.27 SERIES 346 CLASS 1 DUE 11/01/33 PRIN RID 03-06 ND 04-25-05 REPO P 8I 0.0000

07/08/04 07/08/04 BOUGHT BOUGHT UNITED STATES TREASURY NOTE MO5/1572007 03.1259991 15 0988726998099 YEN 2.908 % 10 'MUM GVER REF a G1901000 Al UNITED STATES TREASURY NOTE DUE 06/30/2006 02.750% Xi 30 0988728291099 Yon 2 521 44 To wouPirt OVER Rri ir 01 901002 A3 912828003 912828C/4D 027 25,000.000

9_ PRINCIPAL RECUCTI412-15-04 12/15/04 PRINCIPAL FEDERAL HOME LOAN MUG CORP 31393FAF3 -481,479 SERFS 2530 CLASS SE 5.310 ME 02/15/32 PR1NCPAL REDUCTN 12-15-04 12/15/04 PRINCWAL FEDERAL HOME LOAN MEG CORP 31393F086 -206.532 SERIES 2526 CLASS SI 4.910 DUE 02415/32 PRINCIPAL REDUCIN 124544 12

SOLD 04/06404 04105.04 SOLD UNITED STATES TREASURY NOTE DUE 01/31/2005 01.500% MS 31 0988016192099 YIELD 1.887%10 MAMMY OVER REF or G0961031 Al UNITED STATES TREASURY NOTE 912828000 50.000.000 99.38281 49.691.406.25 DUE 03/31/200601.500% MS 31 ACCR. WT. 16.393.44 0988016192099 YIELD 1.819 % TO MAT

468.75 72.06250 1.899.758.47 06/15614 PRINCIPAL FEDERAL HOME LOAN MEG CORP 3139216E2 -815.870 SERIES 2463 CL SL 5 900 DUE 03/15/32 PkroCPAL REDUCTN 0%15-04 PRINCIPAL FEDERAL HOME LOAN MTG CORP 313927/32 -707.179 SERIES 2488 CUSS SO 6.900 DUE 03/15/32 PRINCIPAL REDUCTN 06-15-04 PRINCIPAL