Epstein Secrets

S81 JOHNSON& JOHNSON JNJ MRGN 57.800 58.2500 3366.850 41.616 1.2361 KRAMONT REALTY TRUST KRT MRGN 2.000 13.4200 26.840 2.600 9.6870 ORACLE CORP ORCL MRGN 100.000 14.0300 1.403.000 RAMCO GERSHENSON PROPERTIES RPT MRGN 2.000 16.4000 32.800 3.360 10.2439 TRUST-MD SBI 027 120101:10:

s 8 Co. Inc. 245 Park Avenue New York. New York 10167 8 r/1 Your messages In? This statement is provided to explain Bear, Steams & Co, Inc.'s ('BSC') payment for order flow practices. BSC routes a majority of orders for customer securities transactions to the primary market for such securities.

901 02/20/01 RECEIVED NORTEL NETWORKS CORP NT 600 0901 02/20/01 RECEIVED NESTEL COMMUNICATIONS INC-CL A NXIL 300 901 02/20/01 RECEIVED ORACLE CORP ORCL 900 0901 02/20/01 RECEIVED PFIZER INC PFE 500 901 02/20/01 RECEIVED UM CO RO NYREGI YAL DUTCH (DO PETROLE ,2SM) STRY 1 P RD 300

K TO MARKET SHORT POS 154,272.00 TOTAL $-322.920.00 $322.920.00 Your messages This statement is provided to explain Bear, Steams & Co, Inc,S ('BSC') payment for order flow practices, BSC routes a majority of orders for customer securities transactions to the primary market for such securities,

kis NY Litio 59/56.29 FROM: • JRL • 02/15/01 JOURNAL NEXTEL COMMUNICATIONS INC-CL A NXTL 600 28.524.15 FROM: • JRL • 02/15/01 JOURNAL ORACLE CORP ORCL 1.600 52.266.31 FROM: • JRL • 02/15101 JOURNAL PFIZER INC PEE 900 35.367.87 FROM: • JRL • 02/15101 JOURNAL ROYAL DUTCH PETROLEUM C

MARKET SHORT POS 1,081,594.00 TOTAL 52,234,263.00 $2.234.263.00 Your messages This statement is provided to explain Bear, Steams & Co, Inc,'s (BSC') payment for order flow practices, BSC routes a majority of orders for customer securities transactions to the primary market for such securities,