B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 15 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION CESCRVTION SY1A3011CUSA' CAPARITI ',FEE DEIST AMOUNT OREM MCUNT 07/25/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 159,318.90 SERIES 348 CLASS 1 DUE 11/01133 PRIN RID 0645 ND 07-25-05 REPO P S i 0,0000 07/25/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 318,637.80 SERIES 346 CLASS 1 DUE 11/01133 PRIN RID 06-05 PM 07-25-05 REPO P S i 0,0000 07,25/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN MIS 219,038.40 SERIES 352 CLASS I 0,001 DUE 07/01/34 PRIN RID 06-05 ND 07-25-05 REPO P S i 0,0000 07/25/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 503,788.32 SERIES 352 CLASS I 0,001 DIE 07/01/34 PRIN RID 06-05 PM 07-25-05 REPO P S i 0,0000 07/2_5/05 PRINCIPAL ALTERNATIVE LOAN TRUST -704£74 SERIES 2004-3008 CLASS I -A-B 1,785 DUE 02/25/35 PRINCIPAL REDUCTN 07-25-05 07/29/05 07/28105 BOUGHT UNITED STATES TREASURY NOTE 20.000.000 99.37220 19,874,440.00 03,625% Jo 30 ACCR. INT. 57.133.15 MAR GyER REF 62094228 A3 AS OF 07/2845 07/29105 07128/05 BOUGHT UNITED STATES TREASURY NOTE 23.000.000 99.35156 22.850.859.38 03,625% JD 30 ACCR. INT. 65.703.12 MATURITY GVER REF # 62092992 al CLEARED THROUGH ITS /MOLLY OW,E0 SUEISIOally Beer Stea,n FINANCIAL TRUST CO INC STATEMENT PERIOD Jul/ 1.2005 THROUGH Jul! 29.2005 ACCOUNT NUMBER TAXPAYER KUMMER Cfl Ale LAST STATEMENT June 30.2005 02/ D7/3005:10:09 001 7895 EFTA00196063

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 16 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 07/29/05 TRADE DATE TRANSACTION 07/28/05 BOUGHT DESCRIPTION UNITED STATES TREASURY NOTE 03,625% TO 30 MATURITY GVER REF # G2092992 Al SY/ABOLICUSP COWRY 50,000,000 AC,CR. INT. PRICE 99.35156 CLEARED THROUGH ITS WIIC(LY OMED SOSO/AIM Beer Ner FINANCIAL TRUST CO INC STATEMENT PERM Jul/ 1.2005 THROUGH Jul, 29. 2005 ACCOUNT NUMBER TAXPAYER NuMER On File LAST STATEMENT June 30.2005 DEBIT AMOUNT 49,675,781.25 142,832.88 CREW' MONO TOTAL $-530.559.744.69 $536.710.173.30 DEPOSITS AND WITHDRAWALS DATE WANSACTPX 07/13/05 FND WIRED /ADM DESER VIER DATE DESCRIPTION 07/01/05 AVG BAL 425,265RT 2.198 021 OFFICE INTEREST 0605 INTEREST NOSWIRED TO N 07/15/05 FEDL HOME LOAN MTG CORP#510109 SERES 227 CLASS 10 DUE 12/01/2034 5,000 INT RID 06.05 PAD 07-15-05 REPO P &I 5.0000 07/15/05 FEDL HOME LOAN MTG CORP#510109 SERES 227 CLASS 10 DUE 12/01/2034 5,000 INT RID 06.05 PA) 07-15-05 REPO P &I 5,0000 SYMEIWCUSIP MIN 11111. DEBIT AMOUVT 71.745.00 OIWITTTY RATE N CREDIT AMOUNT DEBT AMOUNT CREPT AMOUNT 779.00 5.0000 39.80151 5.0000 79.60703 07/ 0/ 30 0 :IOCiS 00I Y895 EFTA00196064

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 17 Transaction Detail (continued) INTEREST (conlinued) CLEARED THROuGH ITS viNCtLY CA11,E0 SUOSIOMTiv Beer Stern !it FINANCIAL TRUST CO INC STATEMENT PERK* Jul/ 1.2005 THROUGH Jul, 29.2005 ACCOUNT NUMBER TAXPAYER MASSER Cfl File LAST STATEMENT June 30.2005 DATE OESCRIPTION SYMBEIJCUSIP OWARITY RATE 1%) DEBIT AMOUNT CREW AMOUNT 07/15/05 FREDDIE MAC CMO/SERIES 2886 4.0800 12,000.87 SC-/0 FUR DUE 07/15/2019 4,080 INT FM 06-05 PAD 07-15-05 REPO P 8I 4,0800 07/15/05 FREDDIE MAC CMO/SERIES 2886 1.1111M 4.0800 17.174.86 SC-1/0 FUR DUE 07/15/2019 4,080 INT RID 0805 PA) 07-15-05 REPO P 8I 4,0800 07/15/05 FEDL HOME LOAN MTG COREUS10110 6.0000 89/98.51 SERES 228 CLASS 10 DUE 02/01/2035 6,000 INT RID 06-05 PAD 07-15-05 REPO P &I 6,0000 07/20/05 GOVERNMENT NATIONAL MTG ASSN 3.6900 54.120.00 SERES 2004-5 CLASS PS DUE 02/2012033 3.690 INT RID 06-05 PA) 07-20-05 REPO P &I 3,6900 07/20/05 GOVERNMENT NATIONAL MTG ASSN 3.6900 81.180.00 SERES 2004-5 CLASS PS DUE 02/2012033 3,690 INT RID 06-05 PA) 07-20-05 REPO P 8I 3,6900 07/20/05 GOVERNMENT NATIONAL MTG ASSN MEM 3.9400 80.213.91 SERES 2004-30 CLASS SU DUE 02/20/2032 3,940 INT RID 0805 PA) 07-20-05 REPO P 8I 3,9400 07/20/05 GOVERNMENT NATIONAL MTG ASSN 3.9400 48,577.07 SERIES 2004-035 CLASS SP DUE 12/20/2029 3940 INTEREST PAYMENT 0t-20.05 07/20/05 GOVERNMENT NATIONAL MTG ASSOC 48.59814 SERIES 2004-041 CLASS SE DUE 05/20/2030 0,000 INTEREST PAYMENT 07-20.05 027 07,3005:10:09 001 V895 EFTA00196065

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 18 Transaction Detail (continued) INTEREST (continued) CLEARED THROUGH ITS vinCtLY (A1T,E0 SUOSIOMTiv Beer Sown !it FINANCIAL TRUST CO INC STATEMENT PER100 Jul/ I . 2005 THROUGH Jul, 29. 2005 ACCOUNT NUMBER TAXPAYER KAMER Ofl File LAST STATEMENT June 30.2005 DATE DESORPTION SYMBOAUSIP OUANTITY RATE ICt DEBIT AMOUNT cafP1 AMOUNT 07/25/05 FANNIE MAE CMG/SERIES 2003-13 4.6850 48,392.65 S RCR-VO RTR DUE 03/25/2033 4.685 INT RID 06-05 PA) 07-25-05 REPO P 8I 46856 07/25/05 FANNIE MAE CMOJSERIES 2003-13 1.1= 4.6850 48.392.65 S RCR-VO RTR DUE 03/25/2033 085 INT RID 06-05 PA) 07-25-05 REPO P 8I 46856 07/25/05 FEDERAL NATIONAL MTG ASSN 3.6850 38356.92 SERIES 2003-49 CLASS SW DUE 01/25/2033 3.685 INTEREST PAYMENT 07-25.05 07/25/05 FANNIE MAE CMG/SERIES 2003-52 3.7850 23.816.25 KS-I/O RTR DUE 07/25/2017 3.785 INT RID 06-05 PA) 07-25-05 REPO P 8I 3.7856 07/25/05 FANNIE MAE CMG/SERIES 2003-52 3.7850 30.311.59 KS-I/0 RTR DUE 07/25/2017 3,785 INT RID 0605 P/D 07-25-05 REPO P 8I 3.7856 07/25/05 FEDERAL NATIONAL MTG ASSN IMO 5.0000 38.20931 SERIES 353 CLASS 2 DUE 07/01/2034 5.000 INT RID 06-05 PA) 07-25-05 REPO P 8I 5.0000 07/25/05 ALTERNATIVE LOAN TRUST 1.7850 55.137.24 SERES 2004-3008 PASS 1-A-8 DUE 02/25/2035 1.785 INTEREST PAYMENT 07-25-05 TOTAL $834.470.31 027 07,3005:TU09 00I V895 EFTA00196066

CLEARED THROUGH ITS WHOLLY OWNED SUBSCIAFW BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 19 C? :€2 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stearns& Co. Inc. SETTLEMENT DATE TRNX DATE TRANSACTION DESCRrION SYMBOLCVSIP aMAITIW DEBIT AMOUNT CREDIT AMOUNT 07/01/05 RECEIVED UNITED STATES TREASURY NOTE 65.000.000 65.162.500.00 DUE 06130/2007 3,625 FITM Al 3,625 0.i7 RESALE T 07/06/05 JOURNAL UNITED EASURY NOTE -13.000.000 13.097.500.00 ATM Al 4,125 15 REPO AGREEMENT 07/06/05 JOURNAL UNITED EASURY NOTE 28.000.000 28.210.000.00 ATM A2 4,125 15 TERM REPO AGREEMENT 07/06/05 RECEIVED UNITED STATES TREASURY NOTE 28.000,000 28.035.000.00 DUE 05131/2007 3,500 3,500 D 7 FITM AlA RESALE T 07/06/05 DELIVERED UNITED STATES TREASURY NOTE -34,000.000 34.127.500.00 DUE 05/31/2007 3,500 36 F)101007 FRM00 A2 TERM EE1AENT 07/06/05 INTEREST UNITED STATES TREASURY NOTE MOM 28,304.03 DUE 05/111. 4.125 ATM A2 REPO Mr 07/06/05 INTEREST UNITED STATES TREASURY NOTE 21.149.57 DUE 05/11,20g7_ _3.500 07/07/05 JOURNAL UNITED STATES TREASURY NOTE -3.000.000 3.022.500.00 FINANCIAL TRUST CO INC STATEMENT PERK* Jul/ 1.2005 THROUGH Jul, 29. 2005 ACCOUNT NUMBER TAXPAYER WEISER On Ale LAST STATEMENT June 30.2005 ATM Al 4.125 15 REPO AGREEMENT 027 07.300S:10:09 001 V895 EFTA00196067

CLEARED THROUGH ITS valour MINED $UESIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 20 c! Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT DATE 07/07/05 TWOS DATE TRANSACTION JOURNAL DESORPTION UNITED TATES TREASURY NOTE FIRM A2 4,125 15 TERM REPO AGREEMENT 07/07/05 INTEREST UNITED STATES TREASURY NOTE DUE 051 4.125 FONT A2 REPO I 07/11/05 JOURNAL UNITED EASURY NOTE FIRM A2 4,125 15 TERM REPO AGREEMENT 07/11/05 JOURNAL UNITED EASURY NOTE FIRM Al 4,125 15 REPO AGREEMENT 07/11/05 DELIVERED UNITED STATES TREASURY NOTE DUE 05+31/2007 3,500 3,50011.7 w FITM A2 TERM ENT 07/11/05 DELIVERED UNITED STATES TREASURY NOTE DUE 06+30/2007 3,625 3,625 7 FITM A2 TERM EEMENT 07/11/05 RECEIVED UNITED STATES TREASURY NOTE DUE 06+30'2007 3,625 3,625 li FIRM AlA RESALE T 07/11/05 INTEREST UNITED STATES TREASURY NOTE DUE 05)10b 4,125 FIRM A2 REPO I SYMEICIAUSIP OvANiin 13,000.000 DEBIT AMOUNT 13,097,500.00 FINANCIAL TRUST CO INC STATEMENT PERM Jul/ 1.2005 THROUGH Jul 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT June 30.2005 CREDIT AMOUNT 1.055.08 3.000.000 3.022,500.00 -18.000.000 18.090.000.00 -28,000.000 28.035.000.00 -65000000 65.162.500.00 93.000,000 93,116,250.00 1.022.61 027 07.30,0S:10:09 001 EFTA00196068

CLEARED THROUGH ITS WHOLLY OWNED $UBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 21 c! Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT DATE 07/11/05 TMDE DATE TRANSACTION INTEREST DESCRVION UNITED STATES TREASURY NOTE DUE 05=2007_ "_3500 07/11/05 INTEREST UNITED STATES TREASURY NOTE DUE 05=0,7_ 3625 "I" 0711205 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 0101/33 STRIP FRM Al REPOAl 0711205 JOURNAL FEDERAL NATIONAL MT0 ASSN SERIES 329 CLASS PO DUE 01101/33 STRIP TE MM RM RPRIPMAZENT 0711205 JOURNAL FEDERAL NATIONAL MT0 ASSN SERIES 329 CLASS PO DUE 01101/33 STRIP ATM Mr Al REPO A 0711205 JOURNAL FEDERAL NATIONAL MTS ASSN SERIES 329 CLASS PO DUE 0001/33 STRIP TE MA RM RIPIPM AINT 0711205 JOURNAL FANNIE MAE CMOSERIES 2003-13 S FOR 4,886 ilit3 FIRM Al REPO A SYMEICIAUSIP OvANiire DEBIT AMOUNT FINANCIAL TRUST CO INC STATEMENT PERM Jul/ 1.2005 THROUGH JUN 29.2005 ACCOUNT NUMBER TAXPAyER WIASER On File LAST STATEMENT June 30.2005 CREDIT AMOUNT 8,099.00 47.74963 -4.805.740 3.562.000.00 4.805.740 3.652.000.00 .14A17,221 10,686,000.00 14,417,221 11,102,000.00 42,393.489 946000.00 027 07.30,0S:10:09 001 .895 EFTA00196069

CLEARED THROUGH ITS valour OwNED $U89DIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 22 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) FINANCIAL TRUST CO INC STATEMENT PERM Job. 1.2005 THROUGH Jul, 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT June 30.2005 SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION STMBOL,Cvsl, OUANTITY DEBIT AMOUNT CREDIT AMOUNT 07/12/05 JOURNAL FANNIE MAE CMO/SERIES 2003-13 12.393,489 984,000.00 S RCR-I10 FLTR 4,685 FILM RIII0 3,2 TERM MENT 07/12/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 346 CUSS 1 DUE IU FILM C1 REPO 07/12/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 346 CUSS 1 DUE I 1 FITM CZ TERM ENT 07/12/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 346 CUSS 1 DUE I 1 FITM A2 TERM ENT 07112;05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 346 CUSS 1 DUE I 1 FITM !Ili. Al REPO A 07112;05 JOURNAL FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CUSS 10 5,000 FITM 3.t1.2 TERM MENT 07/12/05 JOURNAL FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CUSS 0 5,000 FITM REPO Aft -6.805.369 5.060.000.00 6,805,369 5,241,000.00 13,610.739 10,000,000.00 .13,610.739 10,120,000.00 18,891.486 3,756,000.00 .18,891 A86 3,788,000.00 027 07.30,0S:10:09 001 VE195 EFTA00196070

CLEARED THROUGH ITS WHOLLY OWNED $UB9OIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 23 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) FINANCIAL TRUST CO INC STATEMENT PERK* Mg 1.2005 THROUGH July 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER OnFIle LAST STATEMENT June 30.2005 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPTICH SYMBOLCVSIP WANinv DEBIT AMOUNT CREDIT AMOUNT 07/12/05 JOURNAL FREDDIE MAC CMO/SERIES 2886 -3.529,667 197,000.00 SC-I/0 FUR 4,080piii#19 FITM AI REPO 07/12/05 JOURNAL FREDDIE MAC CMO/SERIES 2886 SC-I/O FLTR 4,080 19 FITM AZ TERM MENT 07/12/05 JOURNAL FEDL HOME LOAN MTG CORMS 10110 SERIES 228 CLASS 13 6,000311.35 FITM BZ TERM MENT 07/12/05 JOURNAL FEDL HOME LOAN MTG CORMS10110 SERIES 228 CLASS 10 6,000 10135 FITM 81 REPO A 07112/05 JOURNAL UNITED EASURY NOTE FITM Al 4,125 15 REPO AGREEMENT 07/12/05 JOURNAL UNITED &AWRY NOTE FITM A2 4,125 15 TERM REPO AGREEMENT 07/12/05 INTEREST FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO STRIP DUE 01301 0,000 FITM AZ REPO I 3,529.667 206,000.00 17,428.411 Z762,000k0 -17,428,411 2.818.000.00 -3.000.000 3,011,250.00 18,000.000 18,090,000.00 8.521.33 027 07.30,0S:10:09 001 EFTA00196071

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 24 c? €2 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TR;MACRON DESCRPTION SYMEIMICUSIP OVAArrin DEBIT AMOUNT 07/12/05 INTEREST FEDERAL NATIONAL MTG ASSN 33,760.08 SERIES 329 CLASS PO STRIP DUE Ol 0.000 FITM AZ REPO I 0711205 INTEREST FANNIE MAE CMO/SERIES 2003-13 S RCR-1/0 FLTR DUE 4.685 FITM AZ REPO I 07/12/05 INTEREST FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS I DUE I JO 0.000 ATM CZ REPO I 07/12/05 INTEREST FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE IV 0000 FITM AZ REPO I 07/12/05 INTEREST FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CUSS 0 DUE lap 5.000 FITM AZ REPO I 0711205 INTEREST FREDDIE MAC CMO/SERIES 2886 SC-U0 FLTR DUE 07:111 4.080 FITM AZ REPO I 0711205 INTEREST FEDL HOME LOAN MTG CORP#S 10110 SERIES 228 CLASS 0 DUE 0 6.000 FITM BZ REPO I FINANCIAL TRUST CO INC STATEMENT PERM Jul/ 1.2005 THROUGH Jul/ 29.2005 ACCOUNT NUMBER TAXPAYERNM/ER On File LAST STATEMENT June 30.2005 CREDIT AMOUNT 2.991.36 15.932.64 23.333.33 11.418.24 626.24 8.396.48 027 07,3005:10:09 001 7895 EFTA00196072

CLEARED THROUGH ITS WHOLLY OWNED $UESIOIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 25 c! Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) FINANCIAL TRUST CO INC STATEMENT PERM Jul/ 1.2005 THROUGH Juk. 29.2006 ACCOUNT NUMBER TAXPAYER NLAIIER On File LAST STATEMENT June 30.2005 SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION SYMEICIJCUSIP OVANTITY DEBIT AMOUNT CREDIT AMOUNT 07/12/05 07/13/05 07/13/05 07/13/05 07/14/05 07/14/05 07/14/05 INTEREST JOURNAL JOURNAL INTEREST JOURNAL JOURNAL JOURNAL UNITED STATES TREASURY DUE 05/11. FITM REPO I GOVERNMENT NATIONAL SERIES 2004-5 CLASS 3.690 W3 FITM REPO A GOVERNMENT NATIONAL SERIES 2004-5 CLASS 3.690 I14 FIT 31. 31.2 TERM GOVERNMENT NATIONAL SERIES 2004-5 CLASS FITM DUE 02:11. REPO I FANNIE MAE CMG/SERIES KS-U0 FUR 3,785 FITM TERM FANNIE MAE CMOSERIES KS-I/0 FUR 3,785 'WI FITM REPO A FANNIE MAE CMO/SERIES KS-ItO FLTR RIM 3,785 RESALE NOTE 4,125 A2 MTG ASSN PS Al MTG ASSN PS MENT MTG ASSN PS 3,690 A2 2003-52 17 A4 MENT 2003-52 7 AI 2003-52 7 Al MIS -26.400.000 26.400.000 17,157,930 -7.549A89 9.608.440 1,557.75 2,515,000.00 4.708.64 509.000.00 2.440.000.00 027 07.30,0S:10:09 001 VE195 EFTA00196073

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. =Pm 26 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SEMEMENT TRACE DATE DATE TRANSACTION DESORPTION 07/14/05 JOURNAL FANNIE MAE CMOiSERIES 2003-52 KS-I/0 FUR 3,785 07/14/05 JOURNAL FANNIE WE CMOSERIES 2003-52 KS-I/O FLTR 3,785 17 FITM AI REPO A 07/14/05 JOURNAL FANNIE WE CMOSERIES 2003-52 KS-I/O FLTR 3,785 17 FITM A2 REPO A 07/14.:05 JOURNAL FANNIE MAE CMCVSERIES 2003-52 KS-I/0 FLTR 3,785 17 Find AI REPO A 0715/05 JOURNAL UNITED REASURY NOTE ATM A2 4125 .15 TERM REPO AGREEMENT 07/15/05 INTEREST UNITED STATES TREASURY NOTE DUE 053110 4,125 FITM A2 REPO I 07 18 05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0,001 FITM WI REPO A 07 18 05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0,001 FITM BZ TERM ENT STMECLCVSIP CLEARED THROUGH ITS wisCI.LY CAM,*0 SUEISIOally Beer Stea•nt. Se •it' • FINANCIAL TRUST CO INC STATEMENT PER100 Jul/ 1.2005 THROUGH Julj 29.2005 ACCOUNT NUMBER TAXPAYER NUMSER On Flk LAST STATEMENT June 30.2005 °PARITY DEBIT AMOUNT CREDIT AMOUNT -9,608,440 509600.00 -9.608A40 509600.00 9.608.440 509,000.00 -9.608.440 509,000 00 3.000.000 3.011,250.00 736.92 -16089645 13.954.000.00 19.089.045 14.345.000.00 027 07/3006:10:09 001 '.89S EFTA00196074

CLEARED THROUGH ITS WHOLLY OWNED $UB9OIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 27 c? Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SETTLEMENT TMDE DATE DATE TRANSACRON DESORPTION 07/18/05 INTEREST FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 DUE 0710 0.001 FILM 82 REPO I 07/20/05 RECEIVED UNITED STATES TREASURY NOTE DUE OS/192015 4.125 FIRM 4.125 15 AI RESALE 07/22/05 DELIVERED UNITED STATES TREASURY NOTE DUE 05/152015 4.125 4.125)1001E5 RIM A2 TERM EMENT 07/22/05 RECEIVED UNITED STATES TREASURY NOTE DUE 05+152015 4.125 4.125 SIC FITM Al RESALE 07/22105 INTEREST UNITED STATES TREASURY NOTE DUE Ds/ l 125 07/28/05 JOURNAL FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS 10 5000 FILM WI REPO A 07/28/05 JOURNAL FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS 10 FS.000 ITM 31.C2 TERM ENT FINANCIAL TRUST CO INC STATEMENT PER100 Jul/ 1.2005 THROUGH Juit 29.2005 ACCOUNT NUMBER TAXPAYER WEISER On File LAST STATEMENT June 30.2005 ME/MCl/SIP OVANTITY DEBIT AMOUNT CREDIT AMOUNT 44,118.84 MI= 5,000,000 5.025.000 00 MIN -5.000.000 5.025.000 00 10.000.000 10,025,000.00 353.15 -9.445743 9,445,743 1,861,000.00 027 07.300S:10:09 001 '.1195 EFTA00196075

CLEARED THROUGH ITS valour Coma) $UB9OIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 28 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) FINANCIAL TRUST CO INC STATEMENT PERM Jul/ 1.2005 THROUGH Jul, 29.2005 ACCOUNT NUMBER TAXPAyER TAJMEER On Ale LAST STATEMENT June 30.2005 SETTLEMENT TRADE DATE DATE DINCACDON DESCRPT1CH SYMEMICUSIP WNW', CESIT AMOUNT CREDIT AMOUNT 07/28/05 INTEREST FEDL HOME LOAN MTG CORP#510109 5,123.95 SERIES 227 CLASS IO DUE I AO 5000 ATM C2 REPO I 07/29/05 JOURNAL FANNIE MAE CMO/SERIES 2003-13 S RCR-110 FLTR 4,540 FIRM 31111I32 TERM MENT 07129/05 JOURNAL FANNIE MAE CM0SERIES 2003-13 S RCR.ItO FLTR 4.540 FRM AI REPO A 07/29/05 JOURNAL FANNIE MAE CMO/SERIES 2003-13 S RCR.ItO FLTR 4 FRM .540 Fla n TERM ENT 07/29/05 JOURNAL FEDL HOME LOAN MTG CORD#510109 SERIES 227 CLASS 0 5,000 FITM 31.42 TERM ENT 07/29/05 JOURNAL FEDL HOME LOAN MTG CORP#510109 SERIES 227 CLASS 10 5,000 .134 ATM Al REPO A 07/29/05 JOURNAL FEDL HOME LOAN MTG CORP#510109 SERIES 227 CLASS 0 5,000 RP REPO A 12.094,423 -24.188,846 12,094.423 946,000.00 9,445,743 -8.973A56 .472,287 96,000.00 027 07.30,0S:10:09 001 EFTA00196076

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. =Pm 29 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPRON SYMOCCOUSIP CVANTITY DEBIT AMOUNT CREDIT AMOUNT 07/29/05 07/29/05 07/29/05 DELIVERED INTEREST INTEREST UNITED STATES TREASURY NOTE DUE 06(30/2007 3,625 3.62510.7 Em FITM A2 TERM ENT FANNIE MAE CMO/SERIES 2003-13 S RCR-110 FLTR DUE Cet 4,540 FITM A2 REPO I UNITED STATES TREASURY NOTE DUE 06ile i i ,625 MEE -93.000.000 1,599.27 93.116.250.00 132.949.31 TOTAL $-325,376,196.79 $318,091,800.66 MISCELLANEOUS CLEARED THROUGH ITS OMP*0 SUEISIOMAY Beer &ter FINANCIAL TRUST CO INC STATEMENT PER100 Jul, 1.2005 THROUGH July 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT June 30.2005 DATE IAODAY TRANSACTION DESCRIPTION DEW AMOUNT CREDIT AMAJUNT 07/01/05 JOURNAL TO CMDY NC 159,218.50 07/05/05 JOURNAL FR CMDY NC 258,350.50 07/06/05 JOURNAL FR CMDY NC 160,897.50 07/08/05 JOURNAL FR CMDY NC 183,564.74 07/11/05 JOURNAL FR CMDY NC 107,686.00 07/13/05 JOURNAL FR CMDY NC 6,430.00 07/13/05 JOURNAL FNMA 30YR IBA GTD 526,171.87 SETT, 07105 5,000 DUE 07/01/35 NIBS NET 07/13105 07/ 0/ 30 0:00:03 001 V89S EFTA00196077

CLEARED THROUGH ITS WIICU.Y OWNED SUB9DIAFW BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. FINANCIAL TRUST CO INC 30 o Transaction Detail (continued) MISCELLANEOUS (continued) DATE won TRANSACTOR DESCRIPTON DWI AMOUNT CRECIT AMUNT 07/13/05 JOURNAL FNMA-30YR(FNMA)GTD 168,750.00 SER.07/05 5.500 DUE 07101/35 MBS NET 07/13405 07/14/05 JOURNAL FR CMDY NC 11,709.00 07/14/05 JOURNAL FNMA 30YR GTO 95,703.12 SETE 07/05 6.000 DUE 07101/35 MBS NET 07/14/05 07/15/05 JOURNAL TO CMDY A/C 4390.00 07/18/05 JOURNAL FR CMDY NC 66,750.00 07/19/05 JOURNAL FR CMDY NC 50,375.00 07/22/05 JOURNAL JUNE 05CLEAR FEES 1.500.00 07/22/05 JOURNAL FR CMDY NC 104,275.00 07/26/05 JOURNAL TO CMDY NC 23.563.00 07/27/05 JOURNAL FR CMDY NC 3,900.00 07/28/05 JOURNAL FR CMDY NC 64,025.00 07/29/05 JOURNAL TO CMDY NC 207.084.00 TOTAL $.1.090.677.37 51.113.665.86 02? STATEMENT PERIOD Job. 1.2005 THROUGH Jul/ 29.2005 ACCOUNT NUMBER TAXPAYER AVEOER On File LAST STATEMENT June 30.2005 01.300S:10:09 001 WIDS EFTA00196078

CLEARED THROUGH ITS WIICU.Y OWNED $UB901AAY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 31 Trades Executed Pending Settlement SETTLEMENT TRADE DATE DATE 7RANSACTON DMA mon 08/01/05 07/29/05 BOUGHT SYMBOL:CUSP FINANCIAL TRUST CO INC STATEMENT PERK* Jul/ 1.2005 THROUGH JUT/ 29. 2005 ACCOUNT NUMBER TAXPAYER NLAMER Ofl File LAST STATEMENT June 30,2005 °WHY FPoCE DEBIT AMOUNT OREM MIDUNT UNITED STATES TREASURY NOTE 10.000.000.00 98.7812 9,965,557.07 04.126% MN IS TY GVER REF Gi1005081TUA1 oatrims 07/28/05 SOLD UNITED STATES TREASURY NOTE 03.87S% JJ 31 I . O WTUFUTY OVER REF # G2093006 BI movos 07/28:05 SOW UNITED STATES TREASURY NOTE 03,87S% JJ 31 0 MATURITY GVER REF # G2093006 Al cam /05 07/11/05 BOUGHT FNMA-30YR(FNMA)GTD SETT,08, 04 ~ 05.600% 57110000 BS cenvos 07/07/05 SOW FNMA-30YR(FNMA)GTD SETT,08,04 05,500% 57310000 BS 0811/05 07/08/05 SOLD FNMA-30YR(FNMA)GM sErr.oaro4 05.500% 57250000 BS 08111/05 07/08/05 SOLD FNMA-30YR(FNMA)GTD SETT,08.04 101.006.600% 57250000 BS AS CF 070505 -23,000.000.00 99.8046 22.957.500.00 -50.000.000.00 99.8046 49.907.608.70 50.000.000.00 100.8828 50.441.406.25 -30.000.000.00 100.9687 30.290.625.00 -50,000.000.00 100.9609 50.480.470.00 -50,000.000.00 100.9609 50.480.468.75 027 07.30,0S:10:09 001 EFTA00196079

CLEARED THROUGH ITS WHOLLY OWNED SIXISCIAAY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 32 c? €2 Trades Executed Pending Settlement (continued) SETTLEMENT TRADE DATE DATE TRANSACTION CE RPT10,4 08/11/05 07/15/05 SOLD FNMA-30YR(FNMA)GTD SETT08.04 0 11006.500% 57180000 08/11/05 07/29/05 SOLD FNMA-30YR(FNMAJGTD SETT 08/04 05,500% 57090000 08/11/05 07/08/05 CANCEL SELL FNMA-30YR(FNMAJGTD SETT,08/04 05,500 57250000 AS OF 07/08,135 08/11/05 07/21/05 SOLD FNMA 30YR GTD SETT, 08/05 ~ 05,000% 57190000 TOTAL The abc•vr. <0 Inn %Veal m ry on* eeJnn 01 Iftri 1/a/v-nert End of Statement FINANCIAL TRUST CO INC STATEMENT PERKO Jul/ 1.2005 THROUGH Jul, 29. 2005 ACCOUNT NUMBER TAXPAYER WAXIER On File LAST STATEMENT June 30.2005 SOA80..00SP OuANTITY PRICE DEMI AMOUNT CREPT RAMO -30,000.000.00 100.8203 30.246.093.75 BS -40,000.000.00 100.5078 40,203,125.00 BS -50.000.000.00 100.9609 50,480,470.00 BS es -10,000.000.00 98.5937 9.859.375.00 $110.887.433.32 $284.425.266.20 027 07.300S:10:09 001 Vel% EFTA00196080

CLEARED THROUGH ITS WHOLLY OWNED SUESIOMIty BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSIIE wenv.bearstearns.cOm What's In This Statement ImIgIIIII I II Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 8 Trades Not Yet Settled 31 Your Messages 33 FINANCIAL TRUST CO INC 0/0 JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VAWE OF SECURITIES THIS PERIOD 3,442,681 LONG ACCRUED INTEREST 32,928 NET CREDIT BALANCE 359,965 NET EQUITY THIS PERIOD Cash 8 Equvialent $359•965 h 5122.206 Fated Income $3.442.681 $3.052.376 MI Current market va:ue $3,835,574 EN Last statements market value NET EQUITY LAST STATEMENT 3,201,652 CHANGE SINCE LAST STATEMENT 633,923 There are no 'Stop Loss' orders or other pending buy or sell open orders on tile for your account. FINANCIAL TRUST CO INC STATEMENT PERK* June 1.2005 THROUGH June 30.2005 ACCGCNT NUMBER TAXPAYER NUMBER On Flk LAST STATEMENT May 31.2006 SIM 1Wit stiftnata fa ^formational asnyoses only Itasca evaded &sates clowned This stationed should be retailed for your records See reverse ode for inpolare rtcHnatan 027 07.01.05:10:02 001 Confirmation: Unless we hear from you to the contrary. it is our understanding that any free credit balances in your account are being maintained to facilitate your intention to invest such amounts through us. V8931P EFTA00196081

CLEARED 'THROUGH ITS WHOLLY ORAEO SUTTGOMAv FINANCIAL TRUST CO INC 2 01 34 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 MIMS:10:42 001 Y002IP EFTA00196082

CLEARED THROUGH ITS WUCU.? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 3 Cl :14 Cash Flow Analysis THIS PERIOD Income Summary MS PERIOD YEAR TO DATE Opening Balance $122,205.83 U.S. Govt. Bond Int. 219,620.41 3.681.663.87 Govt. Agency Int. 714.775.88 4.112.621.91 Securities Sold 717,693,800.08 Corp. Bond Int. 197.231.04 792,702.92 Dividends Interest 1,131,949.13 Credit Balance Int. 321.80 3,545.51 Miscellaneous 1,878,994.73 Reverse Repurchase Int. 81,098.16 1.163.243.87 Amount Credited $720,704.743.94 Total $1 213 047.29 $9 753 778.08 Securities Bought -718,737,452.51 Bond Purchase Int. -208.273.77 -5.148,708.18 Dividends/Interest Charged -208,273.77 Repurchase Int. Exp. -215.571.53 -1.098,448.85 Miscellaneous -1,521.258.00 Amount Debited 5.720,466,984.28 Portfolio Composition Net Cash Activity 237,759.66 Cash/Cash Equivalent 359,965 ClosingBatance $359,965.49 Fixed Income 3.442,681 Total 53.802.646 Cash Balance Summary OPENNO CLOSING Margn 122,205.83 359,965.49 Net Cash Balance $122205.83 $359,965.49 027 07.019510:42 001 FINANCIAL TRUST CO INC STATEMENT PERK* June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER WEIMER On File LAST STATEMENT May 31.2005 Your Portfolio Allocation Cash 8 Equivalent- I— Fixed Income 91% Untivaed cone's Oenole debt baboce emit, OM male vela, The elocatir percent'', is Ormed Iron Vo etnol.te mrkel vSue of ,o to palioo V893IP EFTA00196083

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 4 Your Portfolio Holdings CASH & CASH EQUIVALENTS inAPxET ESIIMATED O:AP£M DESCPO')O/1 s•MBCL O-SIP OUANTIT1 PACE eA1.01. Amt,AL NXIIE 'SO I%) CASH BALANCE 359.965 TOTAL CASH & CASH EQUIVALENTS $359.965 FIXED INCOME CLEARED THROuGH ITS wuCtLY CA1T,E0 SUBSIDIARY Beer Stea•nt. Se •it' • FINANCIAL TRUST CO INC STATEMENT PERO) June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER WINER On File LAST STATEMENT May 31.2005 Government & Agency Obligations DESDPICTION ACC. S17/ECLCUSP 1-1q PEACE 'TAPPET VALLE ACCRUED MEREST ESTEEMED ANNUAL NCOEIE WRIT VELD O41 GOVERNMENT NATIONAL MTG ASSN MRGN 14.795.046 5.5884 826.803 16.191 582,925 70.5035 SERIES 2004-035 CUSS SP DATED DATE 05121/04 BOOK ENTRY ONLY DUE 12/20/2029 3.940% FACTOR — .90848224 GOVERNMENT NATIONAL MTG ASSOC MRGN 14.801.708 6.7511 999.284 SERIES 2004-041 CLASS SE DATED DATE 06/2304 BOOK ENTRY ONLY DUE 05,20/2030 FACTOR - .92150716 FEDERAL NATIONAL MTG ASSN MRGN 12.488.618 7.1598 894.164 6.393 460.206 51.4677 SERIES 2003.49 CLASS SW DATED DATE 04/3003 BOOK ENTRY ONLY DUE 01/25.'2033 3.685% FACTOR - .51379199 027 O7N1MS:1O:42 001 EFTA00196084

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 5 Your Portfolio Holdings (continued) Government & Agency Obligations (continual: OLSCR., 'ION 20a3OLCUSP TIPL °UMW PRICE IAARKET VALUE ACCRuE0 MEREST ESTedAREO ANNUAL INCOME CuRRGVr YELD ITN FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 DATED DATE 07/01/04 BOOK ENTRY ONLY DUE 07/01/2034 5000% FACTOR — .97992876 Total Government& Agency Obligations MRGN 1 20.6563 $2,720,251 $22,584 $1,043,131 Corporate Bonds DESCRIPTION STEMOUOJSP ACCT TYPE CIUMITIN PRICE MARKET VALUE ACCRUED INTEREST ESTEEMED ANNUAL INCOME CURFEW YEW ALTERNATIVE LOAN TRUST SERIES 2004-3005 CLASS 1-A-8 DATED DATE 12/27/04 BOOK ENTRY ONLY DUE 02/25/2035 2.010% FACTOR — .92636353 RATING: MOODY MA S&P MA Total CorporateBonds MRGN 37,054,541 1.9496 722.430 $722,430 10,344 $10.344 744,796 $744,796 103.0959 TOTAL FIXED INCOME $3,442,681 $32,928 $1,787,927 CLEARED limouGH ITS TACITLY CARTED SUODOTAIIT Beer Star TTI T FINANCIAL TRUST CO INC STATEMENT PERMO June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER Mach On Fae LAST STATEMENT May 31.2005 YOUR PORTFOLIOHOLDING$ACCRUED INTEREST $32,928 YOUR PORTFOLIONOLDINGSESTIMATED ANNUAL INCOME $1.787.927 YOUR PRICEDPORTFOLIONOLDINGS $3,802,646 027 07MITTIS:10:42 001 WINIP EFTA00196085

CLEARED THROUGH ITS WHOU.Y CAM*0 SUBSIONITY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 6 C/ :14 Repurchase and Reverse Repurchase Transactions with Bear,Stearns& Co. Inc. outstanding as of date of statement MMUS& REPURCHASE PRONG PURCHASE PRIES ACCRUED REPO CUANTIn START DATE DATE RATE PAINCPAL MEREST' (FACE AMOUNT) CUSP DESCRIPTION FINANCIAL TRUST CO INC STATEMENT PERK* June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER NA UER On File LAST STATEMENT May 31.2005 YOU SOLD FEDERAL NATIONAL MTG ASSOC (REPO) 06/10(05 07/12/05 3.420 -984,000 -1.963 -25.000,000 SERIES 2003-13 CLASS 4.685603/25133 YOU SOLD FANNIEMAE STRIP (REPO) 06/10(05 07/12/05 3.420 -11.102,000 -22.148 -30.000,000 SERIES 329 CLASS PO 12/01/32 YOU SOLD FANNIEMAE STRIP (REPO) 06/10(05 07/12/05 3.420 -5.241,000 -10.455 -10.000,000 SERIES 346 CLASS PO 11/01)33 YOU SOLD FEDERAL HOME LOAN STRIP (REPO) 06/10(05 07/12/05 3.420 -3.756.000 -7.493 -20.000,000 SERIES 227 CLASS 10 5.0000 12/01/34 YOU SOLD FREDDIEMAC STRIP (REPO) 06/10/05 07/12/05 3.420 -2.762.000 -5.510 -20.000.000 SERIES 228 CLASS 10 6.0000 02/01/35 YOU SOLD FEDERAL HOME LOAN MTG CORP (REPO) 06/10/05 07/12/05 3.420 -206.000 -410 -4.000.000 SERIES 2886 CLASS SC 4.0800 07/15/19 YOU PROVIDED FEDERAL NATIONAL MTG ASSOC (MARGIN) 06/10/05 OPEN 0.000 -25,000,000 SERIES 2003-52 CLASS 3.7856 07/25/17 YOU SOLD FANNIE MAE STRIPS (REPO) 06/16/05 07/18/05 3.460 -14.345,000 -20.680 -23,000,000 SERIES 352 CLASS PO 07101/34 YOU SOLD FANNIEMAE STRIP (REPO) 06/17/05 07/12/05 3.360 -3.652,000 -4.771 -10,000,000 SERIES 329 CLASS PO 12/01/32 YOU SOLD FANNIEMAE STRIP (REPO) 06/17/05 07/12/05 3.360 -10,000,000 -13.066 -20,000,000 SERIES 346 CLASS PO 11/01/33 YOU SOLD USTR 4.1250 05/15/15 (REPO) 06/22/05 OPEN 2.800 -28,210.000 -16.134 -28.000.000 027 07,0105:10:42 001 V891D EFTA00196086

CLEARED THROUGH ITS WHOU.Y OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 7 C/ :14 Repurchase and Reverse Repurchase Transactions (continued) with Bear,Stearns& Co.inc.outstanding as of date of statement (continued) MICHAS& START DATE RENRCHASE DATE PRiCe4 RATE PURCHASE PRICE; PRINCPAL ACCAuE0 REPO MEREST' GUMMY (FACE AMOUNT) CUSP DESCRIPTOR YOU SOLD GOVERNMENT NATIONAL MTG ASSOC (REPO) 06/23(05 07/13/05 3.370 -2,515,000 -1.883 -26.400,000 SERIES 2004-5 CLASS P 3.6900 02/20/33 YOU SOLD FEDERAL NATIONAL MTG ASSOC (REPO) 06/27/05 OPEN 0.010 -1 -25.000.000 SERIES 2003-13 CLASS 4.6856 03/25/33 YOU SOLD GOVERNMENT NATIONAL MTG ASSOC (REPO) 06/27/05 OPEN 0.010 -1 -27,112,874 SERIES 2004-30 CLASS 3.940002/20/32 YOU SOLD FEDERAL HOME LOAN MTG CORP (REPO) 06/27/05 OPEN 0.010 -1 -5,724,538 SERIES 2886 CLASS SC 4.0800 07/15/19 YOU SOLD FANNIE MAE STRIPS (REPO) 06/30/05 08/01/05 3.540 -6,373,000 -626 -10,000,000 SERIES 352 CLASS PO 07/01/34 YOU SOLD FANNIE MAE STRIP (REPO) 06/30/05 08/01/05 3.540 -1.737.000 -170 -10.000.000 SERIES 353 CLASS 10 5.0000 07/01/34 YOU SOLD FEDERAL HOME LOAN STRIP (REPO) 06/30/05 08/01/05 3.540 -1.861,000 -183 -10.000.000 SERIES 227 CLASS 10 5.0000 12/01/34 YOU BOUGHT USTR 3.5000 05/31/07 (REVERSE) 06/27/05 OPEN 2.310 34.127500 10,115 34.000.000 TOTAL REVERSE REPURCHASETRANSACTIONS $34.127.500 $10.115 TOTAL REPURCHASE TRANSACTIONS $.92.744.003 S.105.492 •As CC ililtrant arx FINANCIAL TRUST CO INC STATEMENT PERKO June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER PARSER On Fite LAST STATEMENT May 31.2005 027 MOMS:W:42 001 V8911> EFTA00196087

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 8 Transaction Detail INVESTMENT ACTIVITY CLEARED 114nouGH ITS TensEm.Y GUTTED SUBSIDIARY Beer Sown TT: T FINANCIAL TRUST CO INC STATEMENT PERIOD June 1.2005 THROUGH June 30.2005 ACCOUYT NUMBER TAXPAYER WINGER On File LAST STATEMENT May 31.2005 SETTLEMENT DATE TRADE DATE TRANSACTION DESCRIPTION STIA3OUCUSV CVATAITITY ProcE DEEM AMOUNT CREDIT MONO 06/01/05 JOURNAL FEDERAL NATIONAL MTG ASSN -1 SERIES 346 CLASS 1 OUE 11/01133 06/02/05 05/27/05 BOUGHT ALTERNATIVE LOAN TRUST MEI 37.701.414 2.15625 812,936.74 SERIES 2004.3008 CLASS 1-A.8 ACCR. INT. 14,734.97 57050000 BS 06/02/05 06/01/05 BOUGHT UNITED STATES TREASURY NOTE MEI 25.000.000 100.07031 25,017,578.13 03,500% MN 31 ACCR. INT. 4,781.42 MATURITY GVER REF # 01524054 Al 06/03/05 06/02/05 BOUGHT UNITED STATES TREASURY NOTE 40.000.000 101.82813 40,731,250.00 04.125% MN IS ACCR. INT. 85.190.22 MATURITY GVER REF # G1535384 Al 0610/05 06/09/05 SOLD UNITED STATES TREASURY NOTE -25.000.000 99.73438 24,933,593.75 03.500% MN 31 ACCR. INT. 23,907.10 MATURITY GVER REF # G1605088 Al 06/13/05 06/10/05 SOLD UNITED STATES TREASURY NOTE MEM -17.000.000 100.89063 17.151.406.25 04.125% MN 15 ACCR. INT. 55,261.55 0 MATURITY GVER REF # G1642765 Al AS OF 06/10/05 06/14/05 06/13/05 BOUGHT UNITED STATES TREASURY NOTE EMI 4.000.000 100.34375 4,013,750.00 04.125% MN IS ACCR. INT. 13,451.09 MATURITY GVER RE? It G1644185 Al 027 07JOIDIS:10:42 001 Ye9301 EFTA00196088

CLEARED THROuGH ITS WITOM.Y GMED SUBSIDIAny BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 9 C/ :14 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION DESORPTION SIOIDOLCUSIP CAMPENTE EKE DENT AMOUNT OREM AMOUNT 06/16/05 06/10105 SOLD UNITED STATES TREASURY NOTE -17,000.000 100.89844 17,152,734.38 e 04.125% MN 15 ACCR. INT. 55,261.54 . 0 MATURITY GVER REF It 01672882 Al ORIGINAL SD 06/1305 AS OF 06116,05 06/17/05 06/14/05 SOLD FEDERAL NATIONAL MTG ASSN EMI .10.321.800 81.81250 8.444.522.75 SERIES 329 CLASS PO STRIP IWO* 57200000 BS 0617/05 06/14/05 BOUGHT FEDERAL NATIONAL MTG ASSN 13.929.377 82.01563 11.424.265.93 SERIES 346 CLASS 1 57130000 BS 06/20/05 JOURNAL FEDERAL NATIONAL MTG ASSN -1 SERIES 329 CLASS PO OUE 01/01/33 STRIP 06/20/05 PRINCIPAL GOVERNMENT NATIONAL MTG ASSN 1111M -153,742 SERIES 2004-035 CLASS SF' 4.110 DUE 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 MATURITY GVER REF # G1722863 Al FINANCIAL TRUST CO INC STATEMENT PERKO June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER WEISER On File LAST STATEMENT May 31.2005 027 07i01.136:10:42 001 Y893iP EFTA00196089

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 10 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTOR DESCRIPTION SW00ECUSP OVANTITY PRiCE DEBIT AMOUNT CREPT MASUNT 06/27/05 06/27/05 06/27/05 C6,27/05 C6,27/05 C6,27/05 06/27/05 06/28/05 06/24/05 BOUGHT PRINCIPAL PRINCIPAL PRINCIPAL PRINCIPAL PRINCIPAL PRINCIPAL JOURNAL UNITED STATES TREASURY NOTE 03,500% MN 31 . MATURITY GVER REF # G1753133 Al FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 01/01/33 STRIP PRIN RID 05-05 PA3 06-25-05 REPO P 8I 0,0000 FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 01/01/33 STRIP PRIN RID 05.05 PA 06-25-05 REPO P 8I 0.0000 FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW 3,910 DUE 01/25/33 PRINCIPAL REDUCTN 06-25-05 FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE 11/01133 PRIN RID 05-05 PA 06-25-05 REPO P 8I 0,0000 FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0,001 DUE 07/01/34 PRIN RID 05-05 PM 06-25-05 REPO P 8I 0.0000 ALTERNATIVE LOAN TRUST SERIES 2004-3008 CLASS 1-A-8 1,785 DUE 02/25/35 PRINCIPAL REDUCTN 06-25-05 FANNIE MAE CMO/SERIES 2003-13 S RCII-1/0 FLTR MI= 20.000,000 ACCR. INT. -244.441 -646.873 1 99.83594 19,967,187.50 51.639.34 289,16720 298,41823 145,914.10 371.609.85 CLEARED IHROuGH ITS mEOLLY OUT*0 SODOMITE, BOW Steam Tir T FINANCIAL TRUST CO INC STATEMENT PERIOD June 1.2005 THROUGH June 30.2005 =COURT NUMBER TAXPAYER MASSER On File LAST STATEMENT May 31.2005 4,685 DUE 03/25/33 027 070)1,136:10:42 001 I/8931P EFTA00196090

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 11 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE 06/30/05 06/28/05 06/30/05 06/28105 06/30/05 06/28/05 TRANSACTION BOUGHT DESCRIPTION FEDERAL NATIONAL MTG ASSN SEAMS 352 CLASS 1 1011.1 500.001% 7180000 BS SOLD FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 05.000% 7100000 BS ACCRUES ON 1ST. PAYS ON 251H BOUGHT FEDL HOME LOAN MTG CORP#S10109 SERIES 227 U455 10 Qy1AE■ 15057.104:1 BS TOTAL INTEREST DATE DESCRPTION 06/01/05 AVG BAL 200,424RT 1.864 021 OFFICE INTEREST 0505 06/15/05 FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS 10 DUE 12/01/2034 5.000 INT RID 05-05 PM 06-15-05 REPO P &I 5.0000 06/15/05 FREDDIE MAC CMCVSERIES 2886 SC-I/O RTR DUE 07715/2019 LOBO INT RID 05-05 ND 06-15-05 REPO P &I 4.2100 CLEARED THROuGH ITS YiliCtLY OW,E0 SUBSIDIARY Beer Ster T FINANCIAL TRUST CO INC STATEMENT PERO) June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER MANNER On Re LAST STATEMENT May 31.2005 50.100-.CuSP OtIONTITC Pala DEBIT AMOUNT CROW MONO 8,518,623 83.45313 7,109,057.52 -9,170.234 20.59375 1,888,495.25 ACCR. INT. 36,935.67 9,552,843 21.17188 2.022,516.00 ACCR. INT. 38.476.73 5-111,306,815.59 $91,007,418.84 QUANTITY RATE IPA mot AMOUNT CnEDrl AMOUNT 321.80 5.0000 80,303.34 4.0800 12.618.14 027 ODOIA3S:10:42 001 LOUP EFTA00196091

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 12 Transaction Detail (continued) INTEREST (continued) CLEARED THRouom ITS yniCyty OmYEO SUEIROany Beer Sean FINANCIAL TRUST CO INC STATEMENT PERIOD June 1.2005 THROUGH June 30.2005 AccouNT NUMBER TAXPAYER AMMER On File LAST sTATEmENT May 31.2005 DATE DESORPTION SYMBOAUSIP PAMIR, RATE BYI DEBIT AMOUNT CREW AMOUNT 06/15/05 FREDDIE MAC CMO/SER1ES 2886 4.0800 18,058.26 SC-VO RTR DUE 07/15/2019 4,080 INT RID 05-05 Pin 06-15-05 REPO P &I 4.2100 06/15/05 FEDL HOME LOAN MTG CORP#S10110 6.0000 91,828.76 SERES 228 CLASS 10 DUE 02,01/2035 6,000 INT RID 05-05 PA 06-15-05 REPO P &I 6,0000 06/20/05 GOVERNMENT NATIONAL MTG ASSN 1.1111111. 3.8600 56,613.33 SERES 2004-S CLASS PS DUE 02/20/2033 3,860 INT RID 05.05 PA 06-20-05 REPO P 8I 3,8600 06/20/05 GOVERNMENT NATIONAL MTG ASSN 3.8600 84,920.00 SERES 2004-S CLASS PS DUE 02/20/2033 3,860 INT RID 05.05 PAI 06-20-05 REPO P &I 3,8600 06/20M5 GOVERNMENT NATIONAL MTG ASSN 4.1100 84.591.78 SERES 2004-30 CLASS SU DUE 02/20/2032 4,110 INT RID 05-05 PM 06-20-05 REPO P 8I 4,1100 06/20/05 GOVERNMENT NATIONAL MTG ASSN MEW 4.1100 51,199.60 SERES 2004-035 CLASS SP DUE 12/20/2029 4,110 INTEREST PAYMENT 06-20.05 06/20/05 GOVERNMENT NATIONAL MTG ASSOC MIS 51,172.10 SERES 2004-041 CLASS SE DUE 05120/2030 0,000 INTEREST PAYMENT 06-20.05 06/27/05 FANNIE MAE CMG/SERIES 2003-13 4.9100 25,851.29 S RTR DUE 03/25/2033 4,910 INT RID 05-05 PM 06-25-05 REPO P 8I 4,9100 027 07'01MS:10:02 001 Y893IP EFTA00196092

BW STD;RNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 13 Transaction Detail (continued) INTEREST (continued) CLEARED THROUGH ITS %THOU.? ORY.E0 STICIDO/ARY Beer Sier FINANCIAL TRUST CO INC STATEMENT PERIOD June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER RUMMER On FM tar STATEMENT May 31.2005 DATE DESCRPTION SYMIXIXCUSIP OWAMW MEN DEMTAMOUNT CREW AMOUNT 06/27/05 FANNIE MAE CMG/SERIES 2003-13 4.9100 25,851.29 S RCR-MO RIR DUE 03/25/2033 4.910 INT RID 05.05 PA) 06-25-05 REPOP 8I 4.9100 06/27/05 FANNIE MAE CMCVSERIES 2003-13 4.9100 51.702.58 S RCR-VO RIR DUE 03/25/2033 4,910 INT RID 05.05 PA) 06-25-05 REPOP 8I 4.9100 06/27/05 FEDERAL NATIONAL MTG ASSN ~I 3.9100 41.488.55 SERES 2003-49 CLASS SW DUE 01/25/2033 3.910 INTEREST PAYMENT 06-25.05 06/27/05 FANNIE MAE CMG/SERIES 2003-52 ~I 4.0100 58.317.45 KS-RO RIR DUE 07/25/2017 4.010 INT RFD 05.05 PA) 06-25-05 REPOP &I 4.0100 06/27/05 FEDERAL NATIONAL MTG ASSN 5.0000 77.405.30 SERES 353 CLASS 2 DUE 07/01/2034 5,000 INT RID 05.05 PA) 06-25-05 REPO P 8I 5.0000 06/27/05 ALTERNATIVE LOAN TRUST 1.7850 63.149.48 SERES 2004-30CB CLASS 1-A-8 DUE 02/25/2035 1.785 INTEREST PAYMENT 06-25.05 TOTAL $875,393.05 027 OX0145202 001 MOW EFTA00196093

CLEARED IHROuGH ITS WHOLLY OLWEI> SUBSIDIAny BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 14 0 '31 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stearns& Co. Inc. SETTLEMENT TRMX DATE DATE TRANSACTION DESCRPTICII SYMEICIJICUSIP OVAMITY CESIT AMOUNT CREDIT AMOUNT 06/01/05 06/01/05 06.01/05 06/02/05 06 02 05 06/02/05 06/03/05 JOURNAL JOURNAL JOURNAL RECEIVED DELIVERED INTEREST JOURNAL FREDDIE MAC CMO/SERIES 2886 SC-DO FLTR 0,21010.19 FITM A2 TERM MENT FREDDIE MAC CMOSERIES 2886 SC-VO RJR 4,210 DUE 07/I 5119 FITM F1523444 Al REPO AGREEMENT FREDDIE MAC CMO/SERIES 2886 SC-VO RJR 0,210 19 FITM AI REPO A UNITED STATES TREASURY NOTE DUE 05/3I/2007 3,500 3,500 OW FITM Al RESALE UNITED STATES TREASURY NOTE DUE DWI/2007 3,500 3,50 30. 7 FITM A2 TERM e EEMENT UNITED STATES TREASURY NOTE DUE ose3.uoplz"M _.moo FREDDIE MAC CMCVSERIES 2886 SC-VO FUR 1,210 DUE 07/15/19 FITM F1523404 A2 TERM REPO AGREEMENT MI= 8,743,867 -5.147.247 -3.596.620 29.000.000 -54,000.000 5,147,247 29,072,500.00 209,000 00 54.000.000.00 8,445.00 FINANCIAL TRUST CO INC STATEMENT PERGO June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER MAGER On File LAST STATEMENT May 31.2005 027 OTGIEIS:10:42 001 Y8927 EFTA00196094

CLEARED THROUGH ITS WUCU.? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 15 0 'm Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) FINANCIAL TRUST CO INC STATEMENT PERK* June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT May 31.2005 SETTLEMENT TMDE DATE DATE TRANSACTION DESCRPRON SYMBOucestp Gummy OW AMOUNT CREDIT AMOUNT 06/03/05 JOURNAL FREDDIE MAC CMCVSERIES 2886 -5.147,247 288,000.00 SC-1/0 FLTR 4,2100.0019 FITM Al REPO 06 03 05 JOURNAL UNITED EASURY NOTE FITM A2 4,125 15 TERM REPO AGREEMENT 06 03 05 JOURNAL UNITED EASURY NOTE FITM Al 4,125 15 REPO AGREEMENT 06/03/05 INTEREST UNITED STATES TREASURY NOTE DUE 053110. 4,125 FITM A2 REPO I 06/10/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 01101/33 STRIP FITM REM 02 TERM MEAT 06/10/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 01/01/33 STRIP FITM AM. Al REPO 0610;05 JOURNAL FANNIE MAE CMOiSERIES 2003-13 S RCR-I10 FLTR 4,910 FITM WI REPO A 38.000.000 38.095.000.00 78.000.000 79.462.500.00 19.661.25 14.773.724 10.851.000.00 -14,773.724 11.102.000.00 -6.318.034 492.000.00 027 07.01,05:10:42 001 VOIR EFTA00196095

CLEARED THROUGH ITS OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 16 C! Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TWISACRON DESCRPTXR1 SYMECIJICUSIP IXJANTITI DEBIT AMOUNT CREDIT AMOUNT 06/10/05 JOURNAL FANNIE MAE CMO/SERIES 2003-13 6.318.034 525,000.00 S RCR-110 FLTR 4.910 FITMNIP TERM MENT 06/10/05 JOURNAL FANNIE MAE CMO/SERIES 2003-13 -12.636.068 984,000.00 S RCR-I(0 FLTR 4,910 FITM 1.1 REPO A 06/10/05 JOURNAL FANNIE WE CMCSERIES 2003-13 12.636.068 996.000.00 S RCR-I10 FLTR 4,91031 3 FITM A2 . TERM MENT 06/10/05 JOURNAL FANNIE ME CMO/SERIES 2003-52 MIK .17,451.605 FLTR 4.010 7 FITM Al lilt REPO A 06/10/05 JOURNAL FANNIE WE CMO/SERIES 2003-52 17,451.605 1,008,000.00 KS-Ito FUR 4.010 17 FITM A2 TERM ENT 06/10/05 JOURNAL FANNIE MAE CMO/SERIES 2003-52 .17A51.605 1.014.000.00 KS-I/0 FLTR 4.010 17 FITM Al REPO A 0610/05 JOURNAL FANNIE MAE CMCVSERIES 2003-52 17,451.605 1,014,000.00 KS-I/O FLTR FINANCIAL TRUST CO INC STATEMENT PERK* June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER NLAISER On File LAST STATEMENT May 31.2005 4 010 17 Flat A2 REPO A 027 07.014510:42 001 VOIR EFTA00196096

CLEARED THROUGH ITS WHOU.Y OMBED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 17 C! Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TWISACTION DESORPTION 08110/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE 11 FRM A2 TERM ENT 06/10/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE I V ATM CI REPO A 06/10/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU 4.110 3.2 FITM BI REPO A 08110/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU 4.1103.32 HIM BZ TERM MENT 08110/05 JOURNAL FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS 10 5.000 F1TM WI REPO A 08/10/05 JOURNAL FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS 10 5,000 FITM 3. 34C2 TERM MENT 0610,05 JOURNAL FREDDIE MAC CMUSERIES 2886 SC-A3 FUR 4 210 19 HIM Al REPO A SYMBOLICuStE MAMMY MINT AMOUNT 6.964.688 3.800.000.00 FINANCIAL TRUST CO INC STATEMENT PERK* June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER KAISER On File LAST STATEMENT May 31.2005 CREDIT AMOUNT .6.964.688 5.241.000.00 -24.698.329 1,297,000.00 24,698.329 1.340.000.00 .19,105.686 3.756.000.00 19,105.686 3,951,000.00 .3.596.620 206,000.00 027 07i01,05:10:02 001 Y89.31R EFTA00196097

CLEARED THROUGH ITS WHOLLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 18 cI m Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPSCR1 06410/05 JOURNAL FREDDIE MAC CMO/SERIES 2886 SC-YO FLTR 4.210111019 FITM AZ TERM MENT 06/10/05 JOURNAL FREDDIE MAC CMCVSERIES 2886 SC-YO FLTR 4,210 19 FITM AZ TERM MENT 06/10/05 JOURNAL FREDDIE MAC CMQ SERIES 2886 SC-YO FUR 4.210 11.19 FITM Al REPO A 06/10/05 JOURNAL FEDL HOME LOAN MTG CORP#510110 SERIES 228 CLASS 0 6,000 FITM 11.31 REPO A 06/10/05 JOURNAL FEDL HOME LOAN MTG CORP#S10110 SERIES 228 CLASS 0 6,000 FITM Filar3Z TERM MENT 06/10/05 DELIVERED UNITED STATES TREASURY NOTE DUE 05131/2007 3,500 3,500W 7 FITM A2 TERM e WENT 0610;05 RECEIVED UNITED STATES TREASURY NOTE DUE 05131/2007 3.500 3 SOO F 7 lat Al RESALE FINANCIAL TRUST CO INC STATEMENT PERIOD June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER NL1M8ER On File LAST STATEMENT May 31.2005 SYMEICIJICUSIP °UNDID DEBIT AMOUNT CREDIT AMOUNT 3,596,620 209,000.00 5.147,247 288,000.00 -5.147.247 296.000.00 -17,959.702 2.762.000.00 17,959.702 3,000,000.00 -29,000.000 29,072,500.00 54.000.000 54,067,500.00 027 ODOIXIS:10:42 001 WIRIP EFTA00196098

CLEARED THROUGH ITS WHOU.Y OMBED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 19 CI Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRACE DATE DATE TWISACRON DESCRPRON SYMBOL,CvStP DVANNlY OMIT AMOUNT CREDIT AMOUNT 06/10/05 DELIVERED UNITED STATES TREASURY NOTE -54.000.000 54.067.500.00 DUE 05131/2007 3.500 3.500 DOH 06/10/05 RECEIVED UNITED STATES TREASURY NOTE 54,000.000 54,067,500.00 DUE 05(31/2007 3.500 3.500 7 FITM A3 RESALE 06/10/05 DELIVERED UNITED STATES TREASURY NOTE -54.000.000 54.067,500.00 DUE 05(3I/2007 3.500 3.500 01.K7 FITM A4 RESALE T 06/10/05 RECEIVED UNITED STATES TREASURY NOTE MI= 54.000.000 54.067.500.00 DUE 05/31;2007 3.500 3.500 RIM AS 1111)7 RESALE T 06/10/05 INTEREST FEDERAL NATIONAL MTG ASSN 29.749.82 SERIES 329 CLASS PO STRIP DUE Mai" 0,000 RIM OZ REPO I 06/10/05 INTEREST FANNIE MAE CMO/SERIES 2003-13 721.88 S RCR443 FLTR DUE 031 4.910 FITM AZ REPO I 06/10/05 INTEREST FANNIE MAE CMO/SERIES 2003-13 1.911.49 S RCR-I(0 FLTR FINANCIAL TRUST CO INC STATEMENT PERK* June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER NV's:1ER On File LAST STATEMENT May 31.2005 DUE 03/ 49I 0 RIM AZ REPO I 027 07JOIA3S:10:42 001 ',SUP EFTA00196099

CLEARED THROUGH ITS WHOU.Y OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 20 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TR/MACRON DESCRPRON SYMBOLDVSIP OVANDO DEBIT AMOUNT CREDIT AMOUNT 06/10/05 INTEREST FANNIE MAE CMO/SER1ES 2003-52 2,210.88 KS-I/0 FLTR DUE 073 4.010 FITM AZ REPO I 06/10/05 INTEREST FEDERAL NATIONAL MTG ASSN 5.556.44 SERIES 346 CLASS I DUE 11 0.000 FITM A2 REPO I 06/10/05 INWREST GOVERNMENT NATIONAL MTG ASSN 2.939.07 SERIES 2004-30 CLASS SU DUE 0Z 4.110 FITM BZ REPO I 06/10/05 INTEREST FEDL HOME LOAN MTG CORP#S10109 5.777.24 SERIES 227 CLASS 0 DUE 17 . 6.000 FITM CZ REPO I 06/10/05 INTEREST FREDDIE MAC CMCVSERIES 2886 171.90 SC-I/O FUR DUE 07:1110 4.210 FITM AZ REPO I 06/10/05 INTEREST FREDDIE MAC CMCVSERIES 2886 184.24 SC-n3 FUR DUE 07.01. 4.210 FITM AZ REPO I 0610105 INTEREST FEDL HOME LOAN MTG CORP#S10110 4.386.67 SERIES 228 CLASS 10 FINANCIAL TRUST CO INC STATEMENT PERM June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER AILAITER On Fee LAST STATEMENT May 31.2005 DUE 0 6000 FITM BZ REPO1 027 07.01/05:10:42 001 VOIR EFTA00196100

CLEARED THROUGH ITS WHOU.Y OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 21 Ci N Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESERTION SYMECIJEUSIP WNW, DEBIT AMOUNT CREDIT AMOUNT 06/10/05 INTEREST UNITED STATES TREASURY NOTE 16.918.58 DUE 05e=2001.7_ IMP "_3.500 06/13x05 JOURNAL FANNIE MAE CIAO:SERIES 2003-13 6,318,034 S RCR-Ii0 FLTR 4,910 FITM A2 TERM MENT 06/1=5 JOURNAL FANNIE MAE CMO/SERIES 2003-13 -6318034 S RCR-1/0 FLTR 4,910 FITM At REPO A 06/1=5 JOURNAL GOVERNMENT NATIONAL MTG ASSN 26.400.000 SERIES 2004-5 CLASS PS 3,860 FITITA TERM ENT 06/13/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN MIK 26.400.000 2.000.000.00 SERIES 2004-5 CLASS PS 3,860 FITM Bi REPO A 06.(13/05 JOURNAL UNITED TATE TREASURY NOTE -61.000.000 61.152.500.00 FITM Al 4,125 15 REPO AGREEMENT 06/13M5 JOURNAL UNITED TATES TREASURY NOTE 78.000.000 79,462,500.00 FITM A2 4,125 15 TERM REPO AGREEMENT 06113x05 INTEREST UNITED STATES TREASURY NOTE 30,681.35 FINANCIAL TRUST CO INC STATEMENT PERK* June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER WhISER On Fite LAST STATEMENT May 31.2005 DUE 051 lli 4.125 FITM A2 REPO I 027 07,0105:10:42 001 VOIR EFTA00196101

CLEARED THROUGH ITS WHOU.Y OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 22 Ill Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS SETTLEMENT DATE 06/14/05 TATDE DATE TRANSACTION JOURNAL DESCRPOCH UNITED TATES TREASURY NOTE FITM A2 4,125 15 TERM REPO AGREEMENT (continued) 06/14/05 JOURNAL UNITED FILM 4,125 REPO AGREEMENT EASURY NOTE Al 5 06/14/05 INTEREST UNITED STATES TREASURY NOTE DUE 051 4,125 ATM A2 REPO I 06/16/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 01101/33 STRIP ATM Jim CI REPO A 06,1665 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 01101/33 STRIP ATM REM EZ TERM MENT 06,1665 JOURNAL FANNIE MAE CMOSERIES 2003-13 S RCR-00 FUR 4,91030. 3 ATM A2 TERM MENT 06,16,05 JOURNAL FANNIE MAE CMOSERIES 2003-13 S RCR-I/0 FUR 4,910 IN F1TM A3 REP OS A FINANCIAL TRUST CO INC STATEMENT PERIOD June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER NLAISER On Fite LAST STATEMENT May 31.2005 STMISOLCvSty CAJNOITY DEBIT AMOUNT CREDO AMOUNT 61.000,000 61,152,500.00 -65.000,000 65.081.250.00 2,072.39 SIM -15,246,375 11,253,000.00 15,246,375 11.334.000.00 6,318,034 MIS -6.318.034 027 MOMS:10:42 001 T89.31P EFTA00196102

CLEARED THROUGH ITS YiHOLLY OMED SUOSIDIAny BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 23 c! '31 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TWISACKIN DESCRP111711 06/16/05 JOURNAL FANNIE MAE CMOiSERIES 2003-13 S RCR-I/0 FLTR 4,910m r FITM Al REPO 06/16/05 JOURNAL FANNIE MAE CMO/SERIES 2003-13 S RCR-I/0 FLTR 4,910 FITM REPO A 06/16/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0,001 FITM BI REPO A 06/16/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0,001 FITM DZ TERM MENT 06 16 05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 FITM 1.3 REPO P. 06,1605 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 ..34 FITM Al REPO A 06,16,05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 FITM WA2 REPO A SYMBOL:Cl/SIP FINANCIAL TRUST CO INC STATEMENT PERIOD June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER NLAISER On PIM LAST STATEMENT May 31.2005 OUNYTITY 01931T AMOUNT CREDIT AMOUR' -6.318,034 507,000.00 6.318,034 507,000.00 -19.592.834 14,345,000.00 19,592.834 14.434.000.00 -18,340.469 2.700.000.00 -18,340.469 3.703.000.00 18,340.469 3,703,000.00 027 07i01.135:10:42 001 Y893iP EFTA00196103

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. =Pm 24 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SETTLEMENT TRACE DATE DATE TWC3ACRON DESCRPRON 06/16/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 F CZ TERM MENT 06,16i05 JOURNAL UNITED EASURY NOTE FITM AI 4,125 15 REPO AGREEMENT 06 16 05 JOURNAL UNITED EASURY NOTE FITM A2 4,125 15 TERM REPO AGREEMENT 06/1&05 INTEREST FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO STRIP DUE 013.01 0.000 FITM EZ REPO I 06/16/05 INTEREST FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 DUE 07 0001 FITM DZ REPO I 06/16/05 INTEREST FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 DUE 07.0 5.000 FITM CZ REPO I 06/16(05 INTEREST UNITED STATES TREASURY NOTE DUE 051 4025 FITM R2 REPO I CLEARED THROuGH ITS wisCtLY EAM,E0 SUEISIOally Beer Steam. Se •it' • FINANCIAL TRUST CO INC STATEMENT PEF000 June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER WEISER OR He LAST STATEMENT May 31.2005 STMECL,CVSIP DEBIT AMOUNT CREDIT AMOUNT 18,34°4°1'11 0,46i; 3,844,000.00 -48.000,000 48.060.000.00 65,000.000 65.081.250.00 32,109.85 40.892.32 10.890.27 5,260.73 027 01i01,06:10:42 001 V893IP EFTA00196104

CLEARED THROUGH ITS INHOU.Y 01M*0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 25 c131 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) FINANCIAL TRUST CO INC STATEMENT PERK* June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER WhISER On File LAST STATEMENT May 31.2005 SETTLEMENT MIX DATE DM TWCACRON DESORPTION SYMEICIJCUSIP WAWITY DEBIT AMOUNT CREDIT AMOUNT 06/17/05 JOURNAL FEDERAL NATIONAL MTG ASSN -4,924,574 3.652.000.00 SERIES 329 CLASS PO DUE 01101/33 STRIP ATM INF Al REPO A 06/17/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 01101/33 STRIP FITM C2 TERM FOIMPAENT 06/17/05 JOURNAL FANNIE MAE CMO/SERIES 2003-52 KS-I/0 FUR 4,010 17 FITM A2 TERM ENT 06/17/05 JOURNAL FANNIE MAE CMO/SERIES 2003-52 KS-I/0 FUR 4,010 7 FITM A3 TERM MENT 0617/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS DUE I 1 FITM MIR A3 REPO A 06;17/05 JOURNAL FEDERAL NATIONAL IvITG ASSN SERIES 346 CLASS DUE II FITM Al REPO A 06/17/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE lila. FITM A2 REPO A 15,246.375 11.253.000.00 17,451,605 -17451.605 -13929377 10.000.000.00 -13,929377 10.342.000.00 13.929,377 10,342,000.00 027 07,0105:10:42 001 VOIR EFTA00196105

CLEARED THROuGH ITS WHOLLY OLWEI> SUOSIDIAny BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 26 ci '31 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRACE DATE DATE TRANSACTION DESCRPTION SYMEICMCUSIP CVANTITY OEINT AMOUNT 06/17/05 INTEREST FEDERAL NATIONAL MTG ASSN 1,081.54 SERIES 329 CLASS PO STRIP DUE 013101 0,000 FITM C2 REPO I 06/22(05 JOURNAL UNITED EASURY NOTE FITM Al 4,125 15 REPO AGREEMENT 06/22(05 JOURNAL UNITED T EASURY NOTE FITM A2 4,125 15 TERM REPO AGREEMENT 06/22(05 INTEREST UNITED STATES TREASURY NOTE DUE 0531111 4,125 FITM A2 REPO I 06/23/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 3,690 • FITM 82 TERM MENT 06/23/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004.5 CLASS PS 3.690 FITM Al REPO A 06/23/05 INTEREST GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS DUE 02/10 3,690 ATM 82 REPO I 06/27/05 JOURNAL FANNIE MAE CMOSSERIES 2003-13 S RCR-I/0 FLTR 4,910 FITM INCI14 TERM ENT FINANCIAL TRUST CO INC STATEMENT PERGO June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT May 31.2005 CREDIT AMOUNT -28.000.000 28.210.000.00 48,000.000 48.060.000.00 10.439.70 26.400.000 2.000.000.00 -26.400.000 2.515.000.00 1.872.22 6.196.744 027 07GIEIS:10:42 001 Y893E EFTA00196106

CLEARED THROUGH ITS yalCu.Y OmED SUBSIDIAny BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 27 131 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPRON 06/27/05 JOURNAL FANNIE MAE CMOiSERIES 2003-13 S RCR-I(0 FLTR 4,910Amr FITM 81 REPO 06/27/05 JOURNAL FANNIE MAE CMOSERIES 2003-13 S RCR-I(0 FLTR 4,910 FITM 31.2 TERM MENT 06/27/05 JOURNAL FANNIE MAE CMOSERIES 2003-13 S RCR-I10 FLTR 4,910)0. 3 FITM A2 TERM MENT 06/27/05 JOURNAL FANNIE MAE CMO/SERIES 2003-13 S RCR-I0 FLTR 4,910M RIM A E S TERM ENT 06/27/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004.30 CLASS SU 3,940 all#32 FIRM C1 REPO A 06/27/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004.30 CLASS SU 3,94031.1 FITM 82 TERM ENT 0627/05 JOURNAL FREDDIE MAC CMO/SERIES 2886 SC-VO RJR 4 0 Firm80 REPO A 19 Al SYMBOLCvSp FINANCIAL TRUST CO INC STATEMENT PERIOD June 1.2005 THROUGH June 30.2005 AccouNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT May 31.2005 CUMIN), DEBIT AMOUNT CREOr AMOUNT -12.393A89 6.196.744 492,000.00 12.393.489 984,000.00 -12,393A89 984,000.00 -24,430.632 24,430.632 1,297,000.00 -5.051,428 027 MOMS:10NQ 001 Y893ip EFTA00196107

CLEARED THROUGH ITS WUCU.? OMBED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 28 c1 m Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION MERVIN:1H SYMEMICUSIP OUNYTIN DEEM AMOUNT CREDIT AMOUNT 06/27/05 JOURNAL FREDDIE MAC CMO/SERIES 2886 5,051,428 296,000.00 SC-/0 FLTR 4,080314p r FITM A2 TERM MENT 06.+27/05 RECEIVED UNITED STATES TREASURY NOTE 34,000.000 34,127,500.00 DUE 05+31/2007 3,500 3,500 7 REM Al RESALE T 06/27/05 DELIVERED UNITED STATES TREASURY NOTE -54,000.000 54.067,500.00 DUE 05+3I/2007 3,500 3,500a7 FITM A6 TERM EMENT 06/27/05 INTEREST FANNIE WE CMO/SERIES 2003-13 794.58 S RCRA+0 FLTR DUE 03ii+ ll 4,910 FITM A2 REPO I 06/27/05 INTEREST FANNIE MAE CMO/SERIES 2003-13 1.589.16 S RCRA+0 FLTR DUE 03:1101. 4,910 FITM A2 REPO I 06/27/05 INTEREST FANNIE MAE CMO/SERIES 2003-13 NMI 1,589.16 S RCRA+0 FLTR DUE 4,910 FRM A3 REPO I 0627/05 INTEREST GOVERNMENT NATIONAL MTG ASSN 2.094.66 SERIES 2004.30 CLASS SU DUE 02i 3.940 ATM 62 REPO I 027 07.01,0510:42 001 VOIR FINANCIAL TRUST CO INC STATEMENT PERIOD June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER KAISER On File LAST STATEMENT May 31.2005 EFTA00196108

CLEARED THROUGH ITS WHOU.Y OBBED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 29 ci Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRAM3ACRON DESCRITTON SYME/CIAUSIP QUANTITY DEBIT AMOUNT CREDIT AMOUNT 06/27/05 INTEREST FREDDIE MAC CMO/SERIES 2886 478.04 SC-YO FUR DUE 073.0 4.080 FITM A2 REPO I 062725 INTEREST UNITED STATES TREASURY NOTE MEM 55.734.58 DUE 09 3,500 FITM A6 RESALE 0&30;05 JOURNAL FEDERAL NATIONAL MT2 ASSN -8.518.623 6.373.000.00 SERIES 352 CLASS 1 0,001 FITM W31 REPO A 0&30105 JOURNAL FEDERAL NATIONAL MT2 ASSN -9.170234 1.737.000.00 SERIES 353 CLASS 2 5,000 FITM WI REPO A 0620/05 JOURNAL FEDERAL NATIONAL MT2 ASSN SIM 18,340.469 2,700,000.00 SERIES 353 CLASS 2 5,000 FITM A4 TERM MENT 0620135 JOURNAL FEDL HOME LOAN IvITG CORP#S10109 -9.552.843 1,861,000.00 SERIES 227 CLASS 13 5,000 II Find C1 REPO A 0&30:05 INTEREST FEDERAL NATIONAL IvITG ASSN 3.633.00 SERIES 353 CLASS 2 DUE 07.0i. 5.000 FITM A4 REPO i TOTAL $-607.638.910.69 $626.942.937.32 FINANCIAL TRUST CO INC STATEMENT PERK* June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER NUMSER On File LAST STATEMENT May 31.2005 027 07'014S:10:42 001 M2931P EFTA00196109

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 30 Transaction Detail (continued) MISCELLANEOUS DATE MOM TPAISMTITN DESCRIPTION 06/01/05 JOURNAL TO CMDY NC DEBIT AMOUNT CREW AMOUNT 203,925.00 06/02/05 JOURNAL TO CMDY NC 469,445.00 06/03/05 JOURNAL FR CMDY NC 06/07/05 JOURNAL FR CMDY NC ostosros JOURNAL TO CMDY NC 0610/05 JOURNAL FR CMDY NC 06/13/05 JOURNAL FR CMDY NC 570,183.00 35,468.23 0614/05 JOURNAL 88.767.00 144,391.50 897,315.00 TO CMDY NC 130,858.50 0615/05 JOURNAL TO CMDY NC 79.985.00 06/16/05 JOURNAL FR CMDY NC 06/17/05 JOURNAL TO CMDY NC 06/21/05 JOURNAL FR CMDY NC 06/23/05 JOURNAL TO CMDY NC 317,653.00 06/24/05 JOURNAL FR CMDY NC a 06/28/05 JOURNAL MAY 05CLEARING FEES 06/29/05 JOURNAL FR CMDY NC 06/30/05 JOURNAL FR CMDY NC MN TOTAL 6,611.00 228,374.50 42,660.00 6,065.00 2,250.00 75,990.50 100,310.50 $--1,521,258.00 $1.878,994.73 CLEARED THROUGH ITS YTTICLLY ODT*0 SONO/ARV Reel Siea'n FINANCIAL TRUST CO INC STATEMENT PERMO June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER PURSER OR FM LAST STATEMENT May 31.2005 021 OZOIMS:10:42 001 WINIP EFTA00196110

CLEARED THROUGH ITS INHOU.Y OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 31 Trades Executed Pending Settlement SETTLEMENT TRADE DATE DATE TRANSMIlal 07/01/05 06/30/05 07/01/05 06;30/05 SOLD 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 GTD SETT, 07x05 ~ 05,000% 57110000 BS FNMA 30YR TBA GTD SETT, 07105 000005.000% 57210000 BS FNMA 30YR TBA GTD SETT, 07105 05.000% 57440000 BS FNMA 30YR TM GTD SETT, 07+05 0714009 57140000 BS AS OF 06+0605 FNMA 30YR TBA GTD SETT, 07/05 57140000 BS FINANCIAL TRUST CO INC STATEMENT PERK* June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER NUMBER OII File LAST STATEMENT May 31,2006 SYMBOL/RUM' OHNTITY EPoCE DEBT AMOUNT OREM APADUNT -15.000,000.00 99.9977 15,001,1 .58 -50,000.000.00 99.9977 50.003.775.27 11111 15,000,000.00 100.2187 15,032,812.50 30,000,000.00 99.9609 29,988,281.25 -30.000.000.00 98.5195 29.555.859.38 BIM -15,000.000.00 99.5937 14.939.062.50 -15,000.000.00 99.5937 14.939.062.50 027 07,0105:10:42 001 VOIR EFTA00196111

B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 32 c? Trades Executed Pending Settlement (continued) SEGIEMENT DATE TRADE DATE TRANSACTION 07/14/05 06/07/05 CANCEL SELL 07/14,05 05/19/05 BOUGHT 07/14/05 05/23/05 BOUGHT 07/14/05 05/06/05 SOLD 07/14/05 05/26/05 SOLD 07/14/05 06/06,05 BOUGHT DESCAPIION FNMA 30YR TM GTE) SETT, 07/05 10141/105,000% 57140000 BS AS OF 06/07/05 FNMA-30YR(FNMA)GTD SETT,07/06 111.11 105,500% 57050000 BS FNMA-30YR(FNMA)GTD SETT,07/06 10.005,500% 57100000 BS FNMA-30YR(FNMA)GTD SETT,07/06 10101.06,500% 57450000 BS FNMA-30YR(FNMA)GTD SETT 07/06 05,500% 57180000 BS FNMA 30 YR GTO SETT, 07105 57180000 BS AS OF 06/06106 CLEARED THRouGH ITS meaty', OMYED SURSICally Beer Mar yi FINANCIAL TRUST CO INC STATEMENT PERIOD June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER WEISER On File LAST STATEMENT May 31.2005 a/MO.EGSP GUANTITY PRCE DENT AMOUNT CREPT MhauNT -15,000,000.00 99.5937 14,939,062.50 30000000.00 100.8671 30,260,156.25 MIN 30000000.00 101 30200,000.00 11111 -30.000.000.00 1005156 30.154.687.50 -60.000.000.00 100.9531 60.571.875.00 11111 50.000.000.00 102.6054 51.302.734.38 027 07'01MS:10:02 001 Y0931P EFTA00196112

CLEARED THROUGH ITS INHOU.Y ow•co SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 33 c? Trades Executed Pending Settlement (continued) STATEMENT TRADE DATE DATE 07/14/05 06/03/05 SOLD TRANSACT/ON CESCRPTION STM8D.EuSP CIJANTITY PACE FINANCIAL TRUST CO INC STATEMENT PEROT June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER WITMER On File LAST STATEMENT May 31.2005 DEBIT AMOUNT C=£:\ FNMA 30 YR GTO SETT. 07105 7070000 BS -50.000.000.00 102.7968 51.398.437.50 TOTAL $171,823.046.88 $266.563.892.23 The chow Fades cb eel eppew in eery ann. sedge PI Ihn :Warm* Your messages Bear Steams receives payments or other remuneration from the advisers, distributors or other affiliates of certain of the mutual funds available through Bear Steams. Such payments or remuneration are for administrative, technological or other services provided in connection with fund accounts and are generally calculated based on the amount of assets held in the accounts, Such payments or other remuneration are in addition to shareholder servicing and distribution fees that Bear Stearns may receive. Funds whose affiliates do not make payments to Bear Steams, including funds that may pay a higher or lower return, may be available to you. NOTICE OF CHANGE PURSUANT TO TRUTH IN LENDING SEC RULE 100-16 Effective no earlier than thirty (30) days from your receipt of this statement, the annual rate of interest charged on any credit extended to you by Bear Stearns for the purpose of purchasing, carrying or trading in any security or other property shall be based on either the Bear Stearns Margin Basis Rate, the Bear Stearns Fed Funds Rate or the London Interbank Offering Rate ("UBOR"), as notified to you upon request. The Bear Stearns Margin Basis Rate will be quoted daily by Bear Stearns at our main office in New York, Factors affecting the determination of the Bear Stearns Margin Basis Rate will include the short•term market interest rates quoted by money center banks and the Federal Reserve and the rate that Bear Steams is charged for borrowing money. The Bear Steams Fed Funds Rate is the rate for U.S. dollar funds, as quoted by an independent broker of such funds selected by Bear Stearns for the last transaction completed prior to 9:30 a,m, (Eastern Time) on the business day on which such rate is determined. The annual rate of interest will be no more than 3% above the Bear Steams Margin Basis Rate or 4% above either the Bear Stearns Fed Funds Rate or LIBOR and will appear on your monthly statements. 027 07/01.135:10:02 001 Y893IP EFTA00196113

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 34 If Bear Stearns makes changes in any of the credit terms and conditions described herein or if a change is required by law, we will notify you of such change within a reasonable period of time, unless such change results in the same or a higher rate to you, in which case we will provide you at least 30 days' prior written notice, The annual rate of interest you are charged is tied to the Bear Stearns Margin Basis Rate, the Bear Stearns Fed Funds Rate or LIBOR and may fluctuate with those rates, The changes in rates resulting from this fluctuation will be made without prior notice to you (as contrasted with changes in the credit terms and conditions, notice of which will be provided as described above), Except as described above, the Truth in Lending disclosure previously provided to you remains in effect, End of Statement CLEARED THROuGH ITS Yn10t4Y OUT,E0 SUBSIOIMIT, Beer Stewn FINANCIAL TRUST CO INC STATEMENT PERK* June 1.2005 THROUGH June 30.2005 ACCOUNT NUMBER TAXPAYER WEISER On File LAST STATEMENT May 31.2005 027 07i0litio0:42 001 vekuP EFTA00196114

CLEARED THROUGH ITS WHCU.Y 01M.IED SUNK/MI/iv B STUR URNS OFFICE SERVICING YOUR ACCOUNT S m ear. Stearns Co. Inc. ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE weny.bearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 7 Trades Not Yet Settled 37 Your Portfolio at a Glance TOTAL VAWE OF SECURITIES THIS PERIOD LONG ACCRUED INTEREST NET CREDIT BALANCE 3.052,376 27,070 122,206 IIII II 111111111U I I FINANCIAL TRUST CO INC 0/0 JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Market Value of Your Portfolio Cash 8 Equivalent $122.206 $180,992 NET EQUITY THIS PERIOD $3,201,652 NET EQUITY LAST STATEMENT CHANGE SINCE LAST STATEMENT 3.131.368 70.283 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Axed $3.052.376 Income $2.900.677 Current market Sue NE Last statement's market value FINANCIAL TRUST CO INC STATEMENT PERKIO *11 30.2005 THROUGH May 31.2005 ACCCUNT NUMBER TAXPAYER AVNER On File LAST STATEMENT April 29.2005 SI T T/1111•Tduri A Xs dOrmacuol hnoses only I Is ra @lorded as &ant staternurC should be Massed for your words See worm a for Doodad' nrcautire 027 06,01135:09:00 001 EFTA00196115

GEARED 11. .100044 ITS WHOLLY OMAE0 $1.1090MAY FINANCIAL TRUST CO INC 2 o168 STATEMENT BACKER IS PRINTED ON THIS PAGE 021 0601.05:09:03 001 Y878 EFTA00196116

CLEARED IHRCUGH ITS (MT,E0 SUOSIOally BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 3 Cash Flow Analysis THIS PERIOD Income Summary RAS PERICO YEAR TO DATE Opening Balance $180,992.40 U.S. GOA. Bond Int. 766,042.23 3.462.043.46 Govt. Agency Int. 823.071.67 3.397.846.03 Securities Sold 1,056,491,072.96 Corp. Bond Int. 106.943.92 595,471.88 Dividends/Interest 1,696,447.33 Credit Balance Int. 389.51 3.223.71 Miscellaneous 936,131.00 Reverse Repurchase Int. 88,412.07 1.082.145.71 Amount Credited $1,059,123,651.29 Total $1 784 859.40 $8 540 730.79 Securities Bought -1,056,980,245.53 Bond Purchase Int. -514.432.42 -4.940,434.41 Funds Withdrawn -71.505.00 Repurchase Int. Exp. -240.018.09 -882,877.32 Dividends/Interest Charged -514.432.42 Miscellaneous -1,616.254.91 Portfolio Composition Amount Debited $.1.059,182A37.86 CashiCash Equivalent 122,206 Net Cash Activity -58.786.57 Fixed Income 3.052,376 ClosingBalance $122,205.83 Total $3.174.582 Cash Balance Summary OFEts NO CLC61/10 Margin 180,992.40 122,205.83 Net Cash Balance $180.992.40 $122,205.83 027 0601.0S:09:CO 001 I FINANCIAL TRUST CO INC STATEMENT PERK* April 30.2005 THROUGH May 31.2005 ACCCUNT NUMBER TAXPAYER AMMER On File LAST STATEMENT April 29.2005 Your Portfolio Allocation Cash 8 Equivalent-- 3% — Feed Income 97% Untivoecl P0,00, 5 00°0* debt balance omit, Or, male wive, Tha elocalxn percents-0 ts Or.st.0 from V0 Mnal.te markei value palbn EFTA00196117

CLEARED THRouGH ITS valour omeo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 4 o Jtl Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCPAPTION CASH BALANCE SrAISCLOJSIP IMAMS ESTIMATED CuRRENT OurdaiTy PACE VALUE !Mu& MCCUE VELD mi 122.206 TOTAL CASH & CASH EQUIVALENTS $122.208 FIXED INCOME Government & Agency Obligations DESCRIPTION SWMOLCUSP ACCT TYPE DUMMY PRICE MARKET VALLE ACCRUED INTEREST EstmArE0 ANNUAL INCOME CuRRISC YEAR GOVERNMENT NATIONAL MTG ASSN MRGN 14.948.788 6.4165 959.183 18.772 614.395 64.0540 SERIES 2004-035 CLASS SP DATED DATE 05/21/04 BOOK ENTRY ONLY DUE 12/20/2029 4.110% FACTOR - .91792270 GOVERNMENT NATIONAL MTG ASSOC MRGN 14.940.760 7.2678 1.085.871 SERIES 2004-041 CLASS SE DATED DATE 06/23/04 BOOK ENTRY ONLY DUE 05/20/2030 FACTOR - .93016410 FEDERAL NATIONAL MTG ASSN MRGN 12.733.059 7.9111 1.007.321 8.298 497.863 49.4245 SERIES 2003.49 CLASS SW DATED DATE 04/30103 BOOK ENTRY ONLY DUE 01/2512033 3.910% FACTOR - .52384850 FINANCIAL TRUST CO INC STATEMENT PER100 April 30.2005 THROUGH May 31.2005 Accamy NUMBER TAXPAYER M.aCR On File LAST sTATEmENT Aprll 29.2005 021 060i.05:09:03 001 ••878 EFTA00196118

CLEARED THROUGH ITS MOLLY OMP.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 5 ,) Jtl Your Portfolio Holdings (continued) Government & Agency Obligations (continued) DESORPTION FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS I DATED DATE I 1&1:03 BOOK ENTRY CNLT DUE 11/01,2033 FACTOR — 1.00000000 Total Government& Agency Obligations S!NEOLUISP MX' TYPE MRGN °IMPIETY 1 PRICE MARKET VALLE 83,1641 $3.052.376 FINANCIAL TRUST CO INC STATEMENT PERKO April 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER M/03ER OE File LAST STATEMENT *11 29.2005 ACCRUED ESTEEMED OURFIGVT INTEREST ANNUAL INCOME YELD PO $27.070 51.112.258 TOTAL FIXED INCOME $3.052.376 $27.070 51.112.258 YOUR PORTFOLIOHOLDINGSACCRUED INTEREST 527.070 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $1.112.258 YOUR PRICED PORTFOLIOHOLDINGS 83.174.582 Repurchase and Reverse Repurchase Transactions with Bear,Stearns& Co. Inc. outstanding as of date of statement PLRO-MSE/ START DATE REPURCHASE DATE PROMS RATE PURCHASE PRICE) PRI/OPAL ACCRUED REPO MEREST• QUANTITY (FACE AMOUNT) CUSP DESCRIPTOR YOU PROVIDED GOVERNMENT NATIONAL MTG ASSOC (MARGIN) 04/25/05 OPEN 0,000 -26A00.000 SERIES 2004-5 CLASS P 3.8600 02)20133 YOU SOLD FANNIEMAE STRIP (REPO) 05/11/06 06110)05 3.290 -10.851400 -20,824 -30.000.000 SERIES 329 CLASS PO 12(01/32 YOU SOLD FANNIEMAE STRIP (REPO) 05/16/05 06/16105 3.290 -11.334.000 -16.572 -30.959.779 SERIES 329 CLASS PO 12(01/32 027 DE01.135:09:03 001 V878 EFTA00196119

CLEARED IHRCUGH ITS wHG.13 OUT*0 SUGROany BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 6 Repurchase and Reverse Repurchase Transactions (continued) with Bear,Stearns& Co.Inc. outstanding asof date of statement (continued) PIACl/ASV REFIJRCHPSE START DATE DAZE PACING RATE PURCHASE PRIM ACCRUED REPO PRINCPAL MEREST' GUANTITY (FACE AMOUNT) CUSP DESCRIPTCN I,Sean SPCmit' Go' FINANCIAL TRUST CO INC STATEMENT PERO) *11 30.2005 THROUGH May 31.2005 ALUMNI NUMBER TAXPAYER PANDER On File LAST STATEMENT April 29.2005 YOU SOLD (REPO) 05/16/05 0611905 3.290 -14.434.000 -21.105 -23.000.000 FANNIE MAE STRIPS SERIES 352 CLASS PO 07/01/34 YOU SOLD (REPO) 05/16/05 0916/05 3.290 -3.844.000 -5.620 -20.000.000 FANNIE MAE STRIP SERIES 353 CLASS 10 5.0000 07/01/34 YOU SOLD (REPO) 0917/05 06/10/05 3.290 -1.008.000 -1.381 -25.000.000 FEDERAL NATIONAL MTG ASSOC SERIES 2003-52 CLASS 4.0100 07/2917 YOU SOLD (REPO) 0917/05 06/10/05 3,290 -1.340.000 -1.836 -27.112.874 GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-30 CLASS 4,1100 02/20/32 YOU SOLD (REPO) 05/20/05 06/10/05 3.290 -996.000 -1.092 -25.000.000 FEDERAL NATIONAL MTG ASSOC SERIES 2003-13 CLASS 4.9100 03/2933 YOU SOLD (REPO) 05/25/05 06/10/05 3.290 -3.800.000 -2.430 -10.000.000 FANNIEMAE STRIP SERIES 346 CLASS PO 11/01/33 YOU SOLD (REPO) 05/25/05 0611905 3.290 -3.951.000 -2.527 -20.000.000 FEDERAL HOME LOAN STRIP SERIES 227 CLASS 10 5.0000 12/01/34 YOU SOLD (REPO) 05/25/05 06/10/05 3.290 -3.000.000 -1.919 -20.000.000 FREDOIEMAC STRIP SERIES 228 CLASS 10 6.0000 02/01/36 YOU SOLD (REPO) 06.25/05 OPEN 4010 -1 -9.724.538 FEDERAL HOME LOAN MIG CORP SERIES 2886 CLASS SC 4,2100 07/15/19 YOU SOLD (REPO) 05/26/05 06/10/05 3.300 -525.000 -288 -12.500.000 FEDERAL NATIONAL MTG ASSOC SERIES 2003-13 CLASS 4.9100 03/2933 YOU PROVIDED (MARGIN) 0926/05 OPEN 0,000 -12.500.000 FEDERAL NATIONAL MTG ASSOC SERIES 2003-13 CLASS 4,9100 03/25/33 027 MOOS:09:03 001 V878 EFTA00196120

CLEARED THROUGH ITS YAICU.Y OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 7 c. nn Repurchase and Reverse Repurchase Transactions (continued) with Bear,Stearns& Co.inc.outstanding as of date of statement (continued) PUREWSS, START DATE REPURCHASE DATE PRICING RATE PURCHASE RICO PRINCPAL rOCAUED REPO MEREST' GUMMY (FACE AMOUNT) CUSP DESCRIPTION YOU SOLD USTR 4,1250 05/15/15 (REPO) 05/27105 OPEN 2.640 -38.095.000 -14.984 -38.000,000 YOU BOUGHT USTR 3,5000 05/31/07 (REVERSE) 05/31/05 OPEN 2.830 54.000.000 4.245 54.000.000 TOTAL REVERSE REPURCHASE TRANSACTIONS 354.000.000 34245 FINANCIAL TRUST CO INC STATEMENT PERIOD April 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER MANNER On File LAST STATEMENT AprII 29.2005 TOTAL REPURCHASE TRANSACTIONS 1-93.178.001 1-90.578 •As ce ,llµmnnl die Transaction Detail INVESTMENT ACTIVITY SETTLEMENT DATE TRADE DATE TRANSACTOR CESCRPTION SNA00. Cusp 0,ANDre PRICE DEBIT AMOUNT CREPT AMOUNT 05.02105 04/27105 BOUGHT GOVERNMENT NATIONAL MTG ASSOC 15.073.792 7,15625 1,078,718.27 SERIES 2004-041 CLASS SE OS. 57160000 BS ACCR, ENT, 21,153.55 05102/05 04/28)05 SOLD UNITED STATES TREASURY NOTE -50,000.003 100.05469 50.027,343 .75 killiir3.625% AO 30 . MATURITY ACCR. INT. 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. Stearns 8 Co. Inc. 8 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 05/00105 05/06+05 SOLD 05109/05 05/06005 BOUGHT 05/11105 06:06.95 BOUGHT 05/12105 03/31105 BOUGHT 05/12105 04/12105 BOUGHT 05/12105 04/07105 CANCEL SELL CESCFCETION UNITED STATES TREASURY NOTE DUE 02/15/2015 04.000% FA 15 SPECIAL INSTRUCTIONS YIELD 4.262 % TO MATURITY GVER REF V G1267694 A3 WWEI3 SYMEIOLCUSV CVANillY PRICE I FINANCa TRUST CO INC STATEMENT PERK* 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NLIMER ON File LAST STATEMENT *11 29.2005 DEBIT AMOUNT CREW MOM UNITED STATES TREASURY NOTE 03,625% AO 30 MATURITY GVER REF to G1261032 Al GOVERNMENT NATIONAL MTG ASSN SERIES 2004-035 CLASS SP Ofilli s04.210% 7720000 BS AS OF 05/06/05 FNMA-30YRTFNMAIGTO SETT.05/04 011i 05.000% 57140000 BS FNMA-30YRTFNMA)G10 SETT.05104 1.111 505.000% 7300000 BS FNMA-30YRIFNMAIGTO SETT.05/05 1011005.000% 57220000 BS AS OF 0407105 TO CV. PREVIOUS SELL -20.000.000 97.92188 ACCR. INT, 19,584,375.00 183,425.41 30.000.000 99.82813 29,948,437.50 ACCFL INT, 26,596.47 15.096.208 6.90625 1,042,581.89 ACCR. INT. 37,073.77 EMI 20.000.000 97.49219 19,498,437.50 VIM 20.000.000 98.13281 19.626.562.50 MIK 40.000.000 97.92188 39.16.8.750.00 027 0601.05:09:03 001 '.878 EFTA00196122

CLEARED THROUGH ITS YOICtLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 9 o Jtl Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTOR 05/12105 03/31105 CANCEL BUY 05/12/05 04/12/05 CANCEL BUY 05112105 04/07/05 SOLD 05/12/05 03/31105 BOUGHT 05/12/05 04/12/05 BOUGHT 091245 04/07105 CANCEL SELL OESCRIPTION FNMA-30YR(FNMA)ITO SETT,05/05 1.005,000 ,, 57140000 BS AS OF 03/31105 TO CXL PREVIOUS BUY FNMA-30YR(FNMA)G1D SETT,05.05 101100105,000 ,, 57300000 BS AS OF 04/12/05 TO CM. PREVIOUS BUY FNMA-30W4FNMAATO SETT,05;04 Mai 05,000% 57220000 BS FNMA 3crRrFNMA)GID SETT OE 05 05,500% 57150000 BS FNMA-30YRTNMNGTO SETT,05,G5 0. 0405.500% 57400000 BS FNMA-30YR(FNMA)010 SETT 05105 05,500'. 57210000 BS AS OF 04!07.05 TO CH. PREVIOUS SELL FINANCIAL TRUST CO INC STATEMENT PERKO *11 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NLIAMER On File LAST STATEMENT *11 29.2005 STIADOLCUSP GUMMY PRICE DEBIT AMOUNT CREDIT AMOUNT -20,000,000 97.49219 19,498,437.50 -20.000.000 98,13281 19.628.562 .50 -40.000.000 97.92188 39.168,750 .00 20.000.000 99.89063 19.978.125.00 20.000.000 100,37500 20.075.000.00 40.000.000 100,25781 40.103.125.00 027 06014S:09:C0 001 EFTA00196123

CLEARED THROUGH ITS MOST OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 10 r!33 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTOR 05112105 03/31105 CANCEL BUY 05/12105 04/12/05 CANCEL BUY 05112:05 04i07105 SOLD 05/12/05 06,06105 SOLD 05/13/05 06/12/05 SOLD 05/13/05 06/12/15 SOLD DESORPTION FNMA-30YR(FNMAJOTD SETT.05/05 NW 05.5004 5715001)0 BS AS OF 03/31105 TO CXL PREVIOUS BUY FNMA-SOYFOFNMA)G1D SETT.05/05 10010105.500I, 57400000 BS AS OF 04/12/05 TO C/3. PREVIOUS BUY FNMA-30YRIFNMAJOID ETT.05105 57210000 BS FEDL ROME LOAN MIG MAP/410110 SERIES 228 CLASS 10 06,000% 7430000 BS ACCRUES ON 1ST. PAYS ON 25TH UNITED STATES TREASURY NOTE AO 30 MATURITY GVER REF V G1325905 Al UNITED STATES TREASURY NOTE 03.625% AO 30 0 MATURITY GVER REF # 01325601 Al FINANCIAL TRUST CO INC STATEMENT PERKO *1130.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NLPOER On File LAST STATEMENT *11 29.2005 STIAEOLCUSP CVANTITY PRICE DEBIT AMOUNT MCC AMOUNT -20.000.000 99.89063 19.978,125 ,00 -20.000.000 100.37500 20.075.000 00 -40.000.000 100.25781 40.103.125.00 -18.365.752 20.43750 3.753.500.73 ACOR, INT, 33.670,55 -10.000.000 99.95313 9.995.312.50 ACCR. INT. 12,805.71 -15.000.000 99.95313 14.992,968 ,75 ACOR, INT. 19,208.56 027 0601.135:09:011 001 '.1178 EFTA00196124

CLEARED THROUGH ITS MOLLY ODS*0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 11 - Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 05113105 05(12105 SOLD 05/13/05 JOURNAL 05/16105 05/13105 SOLD 05/16105 05/13105 BOUGHT 05/16105 JOURNAL 05/17/05 05712105 BOUGHT 05117705 05/12/05 BOUGHT OE SCRVTION UNITED STATES TREASURY NNE lailk03.625% AO 30 MATURITY GVER REF tt G1325547 Al FEDL 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 POSITION FANNIE MAE CMO/SERIES 2003-52 KS-VO RTR .11.1 504.080% 7260000 BS GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU 04,210% 57300000 BS AS OF 0512.05 I FINANCIAL TRUST CO INC STATEMENT PERGO *11 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NUIGER On File LAST STATEMENT *II 29.2005 SYMBOLCUMP OJAMIW ANN OMIT AMOUNT CREPT AMOUNT -20.000.000 99.94531 ACCR. INT. 19.989.062 .50 25.611.41 NMI -2 40.000.000 98.57031 39.428.125.00 ACCR, IN% 397.790.06 INS 40,000.000 99.73047 39.892.187.50 ACCR, 4,483.70 MIN .1 17,728.728 8.03125 1,423,838.51 ACCR, INT. 44,203.63 24,954.730 7,28125 1,817,016.29 ACCR, 78,794.56 027 06016S:09:CO 001 118 78 EFTA00196125

CLEARED THROuGH ITS ?RIMY OW,E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 12 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 05/18/05 TRADE DATE TRANSACTION 05713105 BOUGHT CESCRPTION FREDDIE MAC CMOSERIES 2886 SC-I/0 RTR 7130000 BS 05/18/05 JOURNAL FEDL HOME LOAN MTG CORP#S10110 SERIES 228 CLASS 10 6,000 DUE 02101/35 STMEIOLCUSP GUMMY Plea 8.743.867 8,50000 ACCR. I. SIean $PCmitkf EAR FINANCa TRUST CO INC STATEMENT PEREIO *11 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NUMER Ofl File LAST STATEMENT April 29.2005 DEBIT AMOUNT 743,228.73 3,067.64 CHEM AMOUNT 1 05/20/05 05(19105 SOLD UNITED STATES TREASURY NOTE 03,625% AO 30 MATURITY GVER REF # G1393740 Al -13,000,000 100.05469 ACCR. INT, 13.007,109 ,38 25.611,41 05120105 05/19105 SOLD UNITED STATES TREASURY NOTE 04.125% MN IS MATURITY GVER REF # G1393587 Al -10,000,000 100.29688 ACCR. INT. 10.029.687.50 5.604,62 05120105 PRINCIPAL GOVERNMENT NATIONAL MTO ASSN SERIES 2004-035 CLASS SP 4210 DUE 12/20/29 PRINCIPAL REDUCTN 05-20-05 -147,420 05:2045 PRINCIPAL GOVERNMENT RATIONAL MTO ASSOC SERIES 2004-041 CLASS SE DUE 05,20/30 PRINCIPAL REDUCTN 05-20-05 -133,032 05:23+05 05:26.05 BOUGHT UNITED STATES TREASURY NOTE 03625% AO 30 MATURITY GVER REF # G1404847 AS AS OF 05/20105 50.000.000 ACCR, INT, 99.97656 49.988.281.25 113.281,25 05.2345 05(2045 SOLD UNITED STATES TREASURY NOTE 03.625% AO 30 0 MATURITY GVER REF tt G1403009 Al -20.000.000 99.96094 ACCR, INT, 19.992.187 .50 45.312,50 027 DE,DI.05:09:03 001 '.878 EFTA00196126

CLEARED THROUGH ITS WHEEL? EMBED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 13 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION CESCRPTION SYMBOLED-SIP PACE DEBIT AMOUNT CREW AMOUNT 05/24105 05/23/05 SOW UNITED STATES TREASURY NNE -13.000.000 100.03125 13,004,062,50 I~3.625% AO 30 MATURITY ACCR, INT. 30.733.70 OVER REF # G1434596 Al 05/24105 05/23105 SOW UNITED STATES TREASURY NOTE MIK -10.000.000 100.58203 10.058203 .13 04.125% MN 15 ACCR, INT. 10,088.31 MATURITY GVER REF # G1434606 Al 05:25105 05/24105 BOUGHT UNITED STATES TREASURY NOTE 3.000.000 100.89063 3.026.718.75 04.125% MN IS ACCR. INT. 3,362.77 0 MATURITY OVER REF # 01443571 Al 05125105 PRINCIPAL FEDERAL NATIONAL MTG ASSN 296.514.00 SERIES 329 CLASS PO DUE 01/01/33 STRIP PAIN RID 04.05 Pit 05-25-05 REPO P S I 0.0000 05125105 PRINCIPAL FEDERAL NATIONAL MTG ASSN 306.000.26 SERIES 329 CLASS PO DUE 01/01/33 STRIP PAIN FUD 04.05 PAD 05-25-05 REPO P S I 0.0000 05125105 PRINCIPAL FEDERAL NATIONAL MTG ASSN MIN -250.651 SERIES 2003-49 CLASS SW 3.980 DUE 01/25/33 PRINCIPAL REDUCTN 05-25-05 05125105 PRINCIPAL FEDERAL NATIONAL MTG ASSN 13.79764 SERIES 346 CLASS 1 CUE 11/01/33 PAIN R/D 04.05 Pit 05-25-05 REPO P S I 0.0000 I FINANCa TRUST CO INC STATEMENT PERK* *11 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NLIN3ER On LAST STATEMENT 29.2005 027 060105:09:CO 001 '.878 EFTA00196127

CLEARED THROUGH ITS viNOttY 0%1T,*0 SUBSIOIAlly BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 14 - Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION DESCRIPTION STMEIOLCUSV °WIT( PRICE DEBIT AMOUNT CREW PAC146 05/2905 PRINCIPAL FEDERAL NATIONAL MTG ASSN 137,824,76 SERIES 346 CLASS 1 DUE 11/01/33 PRIN FUD 04-05 PAD 05-25-05 REPO P d I 0,0000 05/25105 PRINCIPAL FEDERAL NATIONAL MTG ASSN 346.726,61 SERIES 352 CLASS 1 0.001 DUE 07/01/34 PAIN RID 04.05 Ki 05-25-05 REPO P S I 0,0000 05.27105 0926/05 BOUGHT UNITED STATES TREASURY TOTE Miff 11.000.000 99.99609 10.999.570.31 AO 30 MATURITY ACCR, INT, 29.256,12 GVER REF # G1464298 Ell 05/27105 05/26105 BOUGHT UNITED STATES TREASURY 143TE 50.000.000 99.99609 49.998.046 ,88 01001013,625% AO 30 MATURITY GVER REF # G1464298 Al ACC/, 611, 132.982,33 OS.27105 05/26105 BOUGHT UNITED STATES TREASURY NNE 15.000.000 100,37109 1E055.664,06 04,125% MN 15 MATURITY ACM, 617, 20.176,63 GVER REF # G1464643 Al 05.27105 JOURNAL FEDERAL NATIONAL MTG ASSN 1 SERIES 346 CLASS 1 DUE 11/01/33 ADJUST POSITION 05/27.05 JOURNAL FEDERAL NATIONAL MTG ASSN 1 SERIES 346 CLASS 1 DUE 11/01133 05.27105 JOURNAL FEDL HOME LOAN MTG CORPHSIOTO9 1 SERIES 227 CLASS 10 5.000 DUE 12/01/34 ADJUST POSITION FINANCIAL TRUST CO INC STATEMENT PERIOD &X1130.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NLIMER ON File LAST STATEMENT Apdl 29.2005 027 DS,OT.05:09:03 001 EFTA00196128

CLEARED THROuGH ITS WHOLLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 15 0 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTOR DESCRIPTION STMOOLCUSP OUPARRY PRICE DEIST AMOUNT CROW AMOUNT 05/27105 JOURNAL FEDL HOME LOAN MTG CORP#S10110 SERIES 228 CLASS 10 6.000 DUE 02/01/35 ADJUST POSITION 05/31105 05/26/05 BOUGHT UNITED STATES TREASURY N3TE 36.000.000 99.74219 35.907.187.50 03.500% MN 31 MATURITY GYER REF V G1464831 Al 05/31105 05/26/05 SOLD UNITED STATES TREASURY NOTE -15.000.000 99.74219 14.961.328 .13 03.500% MN 31 MATURITY GYER REF V G1464297 BI 05/31105 05/27105 SOLD UNITED STATES TREASURY N3TE -25.000.000 99.71875 24.929,687 .50 DUE 05/31/2007 03.500% MN 31 SPECIAL INSTRUCTIONS YIELD 3.647 % TO MATURITY OVER REF # G1472531 A3 WWEB AS OF 05727105 05/31105 05/26/05 SOLD UNITED STATES TREASURY NNE EMI -50.000.000 99.74219 49.871.093 .75 03.500% MN 31 MATURITY OVER REF # G1464297 Al TOTAL $-399.8$5.909.86 1473.974.623.67 FINANCIAL TRUST CO INC STATEMENT PERKO *1130.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER PURSER On File LAST STATEMENT *11 29.2005 027 0601.05:09:03 001 Vi978 EFTA00196129

CLEARED THROUGH ITS WHOLLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 16 ci Transaction Detail (continued) DEPOSITS AND WITHDRAWALS EWE TRANSACT Cr. DESCRIrICH 0525:05 FNO WIRED MOAN G./168194 FNDS WIRED TO IMO/ BANK C#264533 TOTAL S.71,606.00 INTEREST DATE DESCRIPTION SYMBOL CUSIP OUANTITT RATE DEBIT AMOUNT CREDIT AMOUNT 05.02105 AVG BAL 244.990 F1T 1.908 389.51 021 OFFICE INTEREST 0405 05/16105 FEDL HOME LOAN MTG CORP#S10109 5.0000 6.066,95 SERES 227 CLASS 10 DUE 12/0112034 5.000 INT RID 04-05 PA:1 OS-15-05 REPO P &I 5.0000 05/16105 FEDL HOME LOAN MTG OCAP#S10109 5.0303 10.111 .58 SERES 227 CLASS 10 DUE 12/01/2034 5.000 INT RID 04-05 ND 0S-15-05 REPO P &I 5.0000 05/16105 FEDL HOME LOAN MTG CORP#S10109 5.0000 10,1 11.58 SERIES 227 CLASS 10 DUE 12/0112034 5.000 INT RID 04-05 ND 05-15-05 REPO P &I 5.0000 05/16/05 FEDL HOME LOAN MTG CORP#S10109 Miff 5.0000 20.223.15 SERIES 227 CLASS 10 DUE 12/01/2034 5.000 INT RID 04-05 PM 05-15-05 REPO P 8, I 5.0000 027 06005:09:02 001 vale DEBIT Amotivr CREDIT AMOUNT 71.505.00 FINANCIAL TRUST CO INC STATEMENT PERK* April 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER AMBER ON File LAST STATEMENT April 29.2005 EFTA00196130

CLEARED TEIROuGH ITS wHCLLY OGYRO SURROMIly BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 17 Transaction Detail (continued) INTEREST (continued) r. SIean $PCmitkf EAR FINANCIAL TRUST CO INC STATEMENT PERO) *11 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER MANNER On Ale LAST STATEMENT April 29.2005 DATE DESCRIPTION SYMEICIJCV5IP OVANTRY RATE IP4 CENT AMOUNT CREPT AMOUNT 05/16/05 FEDL HOME LOAN MTG CCAPMS10109 5.0000 34.379.36 SERIES 227 CLASS 10 DUE 12/01/2034 5.000 INT RID 04.05 PA) CS-15-05 REPO P &I 5.0000 05/16105 FEDL HOME LOAN MTG CORN/610110 ISM 6.0000 14.129.41 SERIES 228 CLASS 10 DUE 02/01/2035 6.000 INT RID 04.05 PAD 05-15-05 REPO P &I 6.0000 091645 FEDL HOME LOAN MTG 00AP#S10110 OMNI 6.0000 32 968.62 SERES 228 CLASS 10 DUE 02/01/2035 6.000 INT RID 04.05 PAD 05-15-05 REPO P &I 6.0000 05/16105 FEDL HOME LOAN MTG CORP#510110 NMI 6.0000 47.098.03 SERES 228 CLASS 10 DUE 02/01/2035 6.000 INTEREST PAYMENT 05-15.05 05/16105 FEDL HOME LOAN MTG CORN/610110 6.0000 94.196.06 SERES 228 CLASS 10 DUE 02/01/2035 6.000 INT RID 04.05 PAD 05-15-05 REPO P &I 6.0000 05/20/05 GOVERNMENT NATIONAL MTG ASSN 3.9600 58.080.00 SERES 2004-5 CLASS PS DUE 02/2012033 3.960 INT RID 04.05 PA) 05-20-05 REPO P &I 3,9600 05/20/05 GOVERNMENT NATIONAL MTG ASSN 3.9600 87.120.00 SERES 2004-5 CLASS PS DUE 02/20/2033 3.960 INT RID 04-05 PA) 05-20-05 REPO P &I 3,9600 027 060105:09:03 001 11878 EFTA00196131

CLEARED THROUGH ITS MELLY EIDS*0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 18 Transaction Detail (continued) INTEREST (continued) FINANCIAL TRUST CO INC STATEMENT PERIOD 30.200S THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER MAGER On File LAST STATEMENT April 29.2005 DATE DESCRIPTION SYMECLGUSIP PANNUN RATE 141 reed AMOUNT MEDI AMOUNT 05120/05 GOVERNMENT NATIONAL MTO ASSN 4.2100 87.549,51 SERIES 200440 CLASS SU DUE 02/20/2032 4,210 INT RID 04.05 PM 05-20-05 REPO P 8I 4,2100 05120/05 GOVERNMENT NATIONAL MTO ASSN ISM 4,2100 52.962,53 SERES 2004-035 CLASS SP DUE 12/20/2029 4,210 INTEREST PAYMENT 05-20.05 05120/05 GOVERNMENT NATIONAL MTO ASSOC 52.883.89 SERES 2004-041 CLASS SE DUE 05/202030 0,000 INTEREST PAYMENT 05-20.05 05/25/05 FANNIE MAE CMO/SERIES 2003.13 4.9800 53e71,96 S RCA-I/O RTR DUE 03/25/2033 4,980 INT RID 04.05 PA 0S-25-05 REPO P 8I 4,9800 05.25/05 FANNIE MAE CMO/SERIES 2003.13 4,9800 53 471,96 S RCA-I/0 RTR DUE 03/25/2033 4,980 INT RID 04.05 ND 05-2545 REPO P 8I 4,9800 05.25(05 FEDERAL NATIONAL MTO ASSN 3.9800 43.062.64 SERES 2003-49 CLASS SW DUE 01/25/2033 3,980 INTEREST PAYMENT 05-25 OS 0525/05 FANNIE WE CMO/SERIES 2003.52 4.0800 60277,68 KS-V0 RTR DUE 07/25/2017 4,080 INT RID 04.05 ND 05-25-05 REPO P 8I 4,0800 027 0601.05:09:03 001 11878 EFTA00196132

CLEARED THROUGH ITS MIPS? CTMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 19 c? Transaction Detail (continued) INTEREST (continued) DATE MORMON 05125/05 FEDERAL NATIONAL MTO ASSN SERES 353 CLASS 2 DUE 07101/2034 5000 TNT R/D 04-05 PA9 05-25-05 REPO P & I 5.0000 TOTAL SY/ABOLCUS,P QUANTITY RATE Ice! 5:0000 DEBIT AMOUNT FINANCIAL TRUST CO INC STATEMENT PERM April 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On FM LAST STATEMENT *11 29.2005 OREM AMOUNT 78.180.13 5896.734.56 REPURCHASE AND REVERSE REPURCHASETRANSACTIONS with Bear,Stearns& Co. Inc. SETTLEMENT DATE TRADE DATE TRANSACTION DESCRPTICN 05.02,105 RECEIVED UNITED STATES TREASURY NOTE DUE 00+3012007 3.625 3,625 7 FITM Al RESALE 05:03105 JOURNAL FEDL HOME LOAN PAM CORPitS10109 SERIES 227 CLASS 0 5 0 HIM00 RiplirA2 TERM MENT 05.03105 JOURNAL FEDL NOME LOAN 1,116 CORP4S10.109 SERIES 227 CLASS 0 5,000 1.f4 FITM Al REPO A OS03105 JOURNAL FEDL ACME LOAN MTG COSH/5101n) SERIES 228 CLASS 0 6 HIM 000)035 A2 TERM AAENT 05103/05 JOURNAL FEDL HOME LOAN MTO CORP8S10110 SERIES 228 CLASS 10 6,000 DUE 02/01/35 ATM FI233173 41 REPO AGREEMENT SVMBCLCUSIP 0.:NYHTY DEBIT AMOUNT CREDIT MIOUNT IIIIININ NMI 50,000.000 1.456.066 .1.456.066 6.593,724 -2.354.901 50.125.000.00 312.000.00 027 0601.05:09:03 001 '.1178 EFTA00196133

CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 20 c1>x Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEMEMENT TRADE DATE DATE TRANSACTION DESCRITMON SYME/CLCUSIP OvANTIN DEBIT AMOUNT CREDIT AMOUNT 05/03105 JOURNAL FEDL HOME LOAN MTG CORPFTS10110 -4.238.822 747,000.00 SERIES 228 CLASS 10 6FITM MI300.0r 5A1 REPO 05104105 JOURNAL FEDERAL NATIONAL KIM ASSN 660.862 473,000.00 SERIES 346 CLASS 1 DUE I JON FITM AZ TERM MENT 05104/05 JOURNAL FEDERAL NATIONAL MTG ASSN -660,862 479,000.00 SERIES 346 CLASS 1 DUE 11 FITM lisp Al REPO A 0504x05 INTEREST FEDERAL NATIONAL MM ASSN EMI 1.214,03 SERIES 346 CLASS 1 DUE 1 Jill 0,000 FITM AZ REPO I 05109(05 JOURNAL FEDL NOME LOAN MTE1 CCAPFTS10110 2.295.719 SERIES 228 CLASS 10 6,000 DUE 02/01/35 FITM FI233173 A2 TERM REPO AGREEMENT 05109(05 JOURNAL FEDL NOME LOAN MTEI CORPFTSTOT 10 NNW -2.295.719 423,000.00 SERIES 228 CLASS D 6F.000 ITM WWI REPO A 05109(05 JOURNAL UNITED STATES TREASURY NOTE SIM -40.000.000 39.400.000.00 FITM j Al 4,000 15 REPO AGREEMENT 05109(05 JOURNAL UNITED TALES TREASURY NOTE 60.000.000 59.400.000.00 RIM A2 FINANCIAL TRUST CO INC STATEMENT PERIOD *11 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT *11 29.2005 4,000 15 TERM REPO AGREEMENT 027 0601.05:09:03 001 Yale EFTA00196134

CLEARED THRouGH ITS imiCtLY OmED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 21 0 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPRCH SYMEICASCUSIP OUN0ITY DEBIT AMOUNT CREDIT AMOUNT 05109105 RECEIVED UNITS) STATES TREASURY NOTE 20.000.000 20.000.000 .00 DUE 04+30/2007 3.625 FITM Al 3.625 Dia11(7 RESALE T 05109+05 DEUVERED UNITED STATES TREASURY NOTE -50,000.000 50.125.000.00 DUE 04+30'2007 3.625 FILM A2 3.625.01t7 Em TERM ENT 05109+05 INTEREST UNITED STATES TREASURY NOTE 41,365,50 DUE 4.000 FITM A2 REPO I 05109+05 INTEREST LRCM STATES TREASURY NOTE MEE 26,594,10 DUE 04+Weigi 1.625 05/11105 JOURNAL FEDERAL NATIONAL MTO ASSN 15.062.892 10.583.000 .00 SERIES 329 CUSS PO DUE 01101/33 STRIP FITM A2 TERM MENT Rpm" 05/11+05 JOURNAL FEDERAL NATIONAL MFG ASSN .15,062.892 10.851.000.00 SERIES 329 CLASS PO DUE 01101/33 STRIP FITM INF DI REPO A 05.111:05 JOURNAL FEDERAL NATIONAL MTG ASSN ISM 6.463,537 4,553.000 .00 SERIES 346 CUSS 1 DUE II FITM Q TERM MENT 027 0601.05:09:03 001 v878 FINANCIAL TRUST CO INC STATEMENT PER•00 April 30.2005 THROUGH May 31.2005 AccouNT NUMBER TAXPAYER NUEISER On File LAST STATEMENT A/3r11 29.2005 EFTA00196135

CLEARED THROUGH ITS WHOLLY 01MAED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 22 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCREMON SYMEICIJCUSIP 05/11/05 JOURNAL FEDERAL NATIONAL MD ASSN 05111105 JOURNAL SERIES 346 CLASS 1 DUE 11 FILM IMF' C1 REPO A FEDL ICIlE LOAN MTG COAPPSIOt 09 05/11:05 JOURNAL SERIES 227 CLASS 0 FAI SITMMR..A2 TERM DENT FEDL ICA WAN MI5 CORPeS °tee SERIES 227 CLASS 10 FA4 SIT4300 411. 111134A2 TERM Fon igiligMENT 05/11/05 JOURNAL FEDL NOME LOAN MIG OCAPeS10709 NMI 05/11/05 JOURNAL SERIES 227 CLASS 10 5,000 FEM A2 TERM ENT FEDL Wee LOAN MTG CORPOS 10109 SERIES 227 CLASS 10 06 1 05 JOURNAL 05 11 05 JOURNAL 5.000 11.34 FITM B1 REPO A FEDL NOME LOAN MI6 °CAPPS t Ot 10 SERIES 228 CLASS 10 6.000 FITM *WI REPO A FEDL !CM LOAN MI6 CORPoS10t10 SERIES 228 CLASS 10 6.000 ..35 FITM Al REPO A FINANCIAL TRUST CO INC STATEMENT PERIOD WI 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NLAISER On Fee LAST STATEMENT *11 29.2005 OTTANDre DEBIT AMOUNT CREDIT AMOUNT -6.463.537 4.666.000 .00 1 445 460 312.000.00 2.409,100 536.000.00 4.818,200 1,143,000.00 -8.672.760 1.887.000.00 -1.836.575 333,000.00 -2.295.719 415,000.00 027 0601.05:09:03 001 •.1178 EFTA00196136

CLEARED THROUGH ITS MIDST OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 23 c! aA Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEMEMENT TRADE DATE DATE TRANSACTION DESCRPRON SYMEOMICUSIP OVAMIN OMIT AMOUNT CREDIT AMOUNT 05/11105 05/11/05 MVOS 0511.05 OS 11r05 0611105 0511 /05 JOURNAL INTEREST INTEREST INTEREST INTEREST INTEREST INTEREST FEDL 1.1011E LOAN MTG CORPNS10110 SERIES 228 CLASS 10 6.000 FITM R.1.2 TERM MENT FEDERAL NATIONAL MM ASSN SERIES 329 CLASS PO STRIP DUE 01.0 0.000 FITM AZ REPO I FEDERAL NATIONAL MTO ASSN SERIES 346 CLASS 1 DUE I 1 0.000 ATM AZ REPO I FEDL HOME LOAN MTG COAPTIS10109 SERIES 227 CLASS 0 DUE Isis 6,000 FITM AZ REPO I FEDL HOME LOAN MTG COAPOS10839 SERIES 227 CLASS DUE 17.10 5,000 FITM REPO I FEDL HOME LOAN MTG CORPOS 10109 SERIES 227 CLASS 10 DUE I 6,000 FITM AZ REPO I FEDL ItME LOAN MTG CCePttS 10ii 0 SERIES 228 CLASS I0 NMI 2.295.719 423,000.00 27,603.99 11,875,74 228,11 I .222.08 2.981,32 77,31 FINANCIAL TRUST CO INC STATEMENT PERIOD WI 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER ROASTER On File LAST STATEMENT *11 29.2005 DUE 0 6.000 FRM AZ REPO I 027 0601EIS:09:02 001 Y878 EFTA00196137

CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 24 0 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETUMENT TRADE DATE DATE TRANSACRON DESCRPRON 05/12105 JOURNAL FEDL HOME LOAN MTG CORP8S10110 SERIES 228 CLASS 10 6,000 FITM RII.32 TERM MENT 05/12105 INTEREST FEDL HOME LOAN MIG CalPeS101 10 SERIES 228 CLASS 10 DUE 01. 6,000 FILM 82 REPO I 05113+05 JOURNAL FEDL HOME LOAN 1.11G 0C41PaS10110 SERIES 228 CLASS 10 6,000 11.5 FITM Al REPO A 05113 05 DELIVERED UNITED STATES TREASURY NOTE DUE 04+30/2007 3,625 3,625.tir m FITM A2 TERM ENT MI 3 05 RECEIVED UNITED STATES TREASURY NOTE DUE 04+3012007 3,625 3,625 INC FITM Al RESALE 0511345 JOURNAL FEDL NOME LOAN MTG COAP4S10109 SERIES 227 CLASS 10 FS.000 ITM AI REPO A 05/13+05 JOURNAL FEDL !CAE LOAN WC CORN'S i0109 SERIES 227 CLASS 10 5,000R. FITM TERM MENT FINANCIAL TRUST CO INC STATEMENT PERK* W130.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT Apill 29.2005 SYME/CLCUSIP PAUCITY DEBIT AMOUNT CREDIT AMOUNT 18,365,752 3.665.000,00 INN 8.741,03 -918.287 162,000,00 INK -20.000.000 20.000.000,00 INK 65,000.000 65.182.500,00 INN -2.409.100 516.000,00 NMI 2.409,100 556,000,00 027 0601.05:09:03 001 V878 EFTA00196138

CLEARED THROUGH ITS YOICALY 01MAED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 25 0 )) Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCROniON SYMECLoCUSIP OUANTITT DEBIT AMOUNT 05113105 INTEREST UNITED STATES TREASURY NOTE DUE 04+39L.2.00L7_ _3.625 05113/05 INTEREST FEDL NOME LOAN MTG CCAP#S10109 Miff 1.459,50 SERIES 227 LASS 13 DUE 12.0 5.000 ATM AZ REPO I 05116105 JOURNAL FEDERAL NATIONAL MTO ASSN SIM 15,544.793 11.174.000.00 SERIES 329 CLASS PO DUE 01101/33 STFUP FILM a_CZ FILM EE 6,05 JOURNAL FEDERAL NATIONAL MTG ASSN .15,544.793 SERIES 329 CLASS PO DUE 01+01/33 STRP ATM imp El REPO A 0596 :05 JOURNAL FEDERAL NATIONAL MTG ASSN -19.964.443 SERIES 352 CLASS 1 0.001 RIM 11.81 REPO A 05/I6 05 JOURNAL FEDERAL NATIONAL KIM ASSN 19.964.443 14.660.000,00 SERIES 352 CLASS 1 0.001RWI FITM AZ TERM ENT 05 16:05 JOURNAL FEDERAL NATIONAL MTG ASSN .18,577.270 SERIES 353 CLASS 2 5.000 IOW FILM CI REPO A FINANCIAL TRUST CO INC STATEMENT PERK* W130.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER musette On File LAST STATEMENT *11 29.2005 CREDO AMOUNT 5.394.44 11.334.000.00 14.434.000.00 3.844.000.00 027 060iieS09:03 001 ••1178 EFTA00196139

CLEARED THROUGH ITS WHOLLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 26 I )) Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SCM.EmENT TMDE DATE DATE TRANSACTION DESCRPRON SYME/CLCUSIP °WRY DEBIT AMOUNT CREDIT AMOUNT 05/16105 JOURNAL FEDERAL NATIONAL MD ASSN 18,577.270 4,211.000 )00 SERIES 353 CLASS 2 5,000 MA 31.2 TERM MENT 05/16105 JOURNAL FEDL HOME LOAN MTG CORPeS10109 INN -8.190.940 1,729.000 .00 SERIES 227 CLASS 0 5.000 RIM W31 REPO A 05.16.95 JOURNAL FEDL XOTdE WAN 1410 CORPeS10109 INN 8.190,940 1.837.000,00 SERIES 227 CLASS 10 F14 5114300 Oalleasi3452 TERM Fon ieligAAENT 0S96 t05 JOURNAL FEDL ROME LOAN WC CCAPaStOt 10 NMI 2.754,862 528.000.00 SERIES 228 CLASS 10 6.000 FITM TERM ENT 05.1 6 05 JOURNAL FEDL ROME LOAN MTG CORPoS ioi m 4.132.294 747.000,00 SERIES 228 CLASS 10 FITM AZ 6,0001.5 TERM MENT 091645 JOURNAL FEDI. ROME LOAN MI6 °CAPPS tOt 10 4887.157 1,190.000,00 SERIES 228 CLASS 10 6FITA4 .000 REPO A*Mr 05/16105 JOURNAL UNITED STATES TREASURY NOTE MIN 40.000.000 39.400.000,00 FITM Hip A2 4.000 15 TERM REPO AGREEMENT 05/16/05 JOURNAL LIMED TALES TREASURY NOTE .40.000.000 39.900.000,00 FITM Al FINANCIAL TRUST CO INC STATEMENT PERK* April 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER WEISER On FIk LAST STATEMENT *11 29.2005 4.125 15 REPO AGREEMENT 027 06014S:09:M 001 7878 EFTA00196140

CLEARED THROUGH ITS MIDST OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 27 o Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACDON DESCRITMON SYME/MICUSIP OWNTITY DEBIT AMOUNT CREDIT AMOUNT 05116/05 INTEREST FEDERAL NATIONAL MTO ASSN 30,598.14 05/16,65 INTEREST SERIES 329 CLASS PO STRIP DUE 01.01 0.000 ATM CZ REPO I FEDERAL NATIONAL MTG ASSN 33,880,89 SERIES 352 CLASS 1 DUE 07301 0.001 ATM AZ REPO I OS/16.95 INTEREST FEDERAL NATIONAL MTO ASSN 1111111 11,531,12 0916.05 INTEREST SERIES 353 CLASS 2 DUE 073.0. 5.000 ATM AZ REPO I FEDL HOME LOAN MTG OCAPPS10709 3.955.67 SERIES 227 CLASS 10 DUE 171.0. 6.000 FITM BZ REPO I 05116.05 INTEREST FEDL HOME LOAN MTG GailutStOt 10 NMI 887.48 05116,05 INTEREST SERIES 228 CLASS 0 DUE Oil. 6.000 FITM AZ REPO I FEDL HOME LOAN MTG COBH/SIDIIC .136.96 051605 INTEREST SERIES 228 CLASS Co DUE 0 ' 6.000 FITM AZ REPO I uraTE0 STATES TREASURY NOTE 18,758,78 FINANCIAL TRUST CO INC STATEMENT PERIOD *II 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT *11 29.2005 DUE 02/1 4.000 ATM A2 REPO I 1 027 0601.05:09:03 001 •e878 EFTA00196141

CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 28 c! Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION 05/17105 JOURNAL FANNIE MME GAO/SERIES 2003.52 KS-I/0 FUR FITM Al REPO 05/17105 JOURNAL GOVERNMENT NATIONAL MTO ASSN SERIES 2004.30 CLASS SU 4,210 110.2 FITM 81 REPO A 05/17105 JOURNAL FEDL /ME WAN lin CORPOS10110 SERIES 228 CLASS 10 6,000 lair5 FITM AI REPO A 0518x05 JOURNAL FREOOIE MAC CMO,SERIES 2886 SC-I/0 FLTR 4,210 II.19 FITM Al REPO A 05120105 JOURNAL FANNIE MME CATO/SERIES 2003.13 S RCR-1/0 FLTR 4,980 FITM JOINE2 TERM ENT 0520105 JOURNAL FANNIE MAE CA401SERIES 2003.13 S RCR-1/0 FLTR 4,980 FRM AI REPO A 05.20105 JOURNAL FANNIE MAE CarteSERIES 2003.13 S RCR-1/0 FLTR 4,980 Si FITM Al r REPO A SAileCrAusar FINANCIAL TRUST CO INC STATEMENT PERK* *1130.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT ApTII 29.2005 CA//MM DEBIT AMOUNT CREDIT AMOUNT -17,728,728 1.008.000 ,00 -24.954.730 1.340.000,00 -6.428.013 1.113.000,00 -8.743.867 594.000,00 25.769.620 .12,884.810 .12,884.810 996,000,00 027 0601.05:09:03 001 EFTA00196142

CLEARED THROUGH 11S YAICU.Y OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 29 c?)) Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEMEMENT MADE DATE DATE TV0S3ACSON DESCRPSON 05/20105 DELIVERED UNITED STATES TREASURY NOTE DUE 04/30/2007 3.625 3.625R)aitic Em FILM A2 TERM ENT 09/20105 RECEIVED UNITED STATES TREASURY NOTE DUE 04/302007 3.625 3.625 011i r FILM Al RESALE T 05/20/05 JOURNAL UNITED STATES TREASURY NOTE FILMApp. Al 4.125 15 REPO AGREEMENT 0512005 JOURNAL MATEO TALES TREASURY NOTE FILM A2 4.125 15 TERM REPO AGREEMENT SYMEICIAUSIP FINANCIAL TRUST CO INC STATEMENT PERIOD April 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT April 29.2005 MAMMY DEBIT AMOUNT CREDIT AMOUNT -65.000.000 65.162.500.00 78.000.000 78.292.500.00 -30.000.000 29.925.003.00 40.000.000 39.900.000 .00 09/20105 INTEREST MATEO STATES TREASURY NOTE DUE 04/W. 1.625 27,241,55 05120/05 INTEREST UNITED STATES TREASURY NOTE DUE 05/1116 A 1 2 5 FILM REPO Ihr 12,889,92 05/23/05 RECEIVED UNITED STATES TREASURY NOTE DUE 04/30/2007 3.625 3.625 Cla17 FILM Al RESALE T 48.000.000 48.180.000.00 09/23/05 DELIVERED UNITED STATES TREASURY NOTE DUE 04/30/2007 3.625 3.625a 7 FILM A2 TERM EEMENT -78.000.000 78.292.500.00 027 E601.05:09:03 001 '.878 EFTA00196143

CLEARED THROUGH ITS INIICtLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 30 ci )) Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) nice DATE TMOE DATE TRANSACTION DESCRFTION ST1.10CliCtISIP OTHATTITY Oen ;wow CREDIT AMOUNT 05/23/05 INTEREST malt° STATES TREASURY NOTE 17,681,06 DUE 04/30="II l7_ •-3.625 lb 0924/05 DELIVERED UNITED STATES TREASURY NOTE MEM -48.000.000 48.180.000.00 DUE 04/302007 3.625 RIM A2 3,625)117 TERM EMENT 05/24105 RECEIVED LINiTED STATES TREASURY NOTE MIS 61.000.000 61.305.000 ,00 DUE 04/30/2007 3,625 RIM Al 3,625 1S t RESALE T 05124105 JOURNAL UtaTED TATES TREASURY NOTE MIS -20.000.009 20.050.000.00 FITM Al 4,125 15 REPO AGREEMENT 06/24105 JOURNAL UNiTED ASURY NOTE 30.000.000 29.925.000.00 FITM A2 4.125 15 TERM REPO AGREEMENT 05/24/05 INTEREST mei STATES TREASURY NOTE 602.25 DUE OM ' 1,625 05/24/05 INTEREST UNITED STATES TREASURY NOTE 9.800,44 DUE OS/ 4,125 FITM A2 REPO I 0512905 JOURNAL FEDERAL NATIONAL MTG ASSN 647.064 479.000,00 SERIES 346 CLASS 1 DUE I 1 FITM A2 TERM MENT FINANCIAL TRUST CO INC STATEMENT PERIOD *11 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NumeER On File LAST STATEMENT *11 29.2005 027 Da0i.05:09:02 001 va7a EFTA00196144

CLEARED THRouGH ITS yniCu.Y OmED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 31 cI>x Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRFRON SYMeCt,CUSIF OVANTITY OMIT AMOUNT CREDIT AMOUNT 05/2905 JOURNAL FEDERAL NATIONAL MD ASSN -7.110,602 3.800.000 .00 SERIES 346 CLASS 1 FILM Al DUE 11AMil i REPO 05125105 JOURNAL FEDERAL NATIONAL MTO ASSN VIM 6.463.537 4.666.000.00 SERIES 346 CLASS 1 FILM C2 DUE 11.I. TERM MENT 06/26/05 JOURNAL FEDL ICA WAN MI6 CORPeSt0i09 2.409,100 516.000.00 SERIES 227 CLASS 10 S4300 411. 1" 134A2 FILM TERM MENT 0512905 JOURNAL FEDL NOME LOAN MTG 0C4IPeS10709 Min 8.190,940 1.729.000,00 SERIES 227 CLASS I0 S4300 FILM 31111 462 TERM AAENT 0512905 JOURNAL FEDL !ME LOAN MTG CORPOSI0109 8.672,760 1,887.000,00 SERIES 227 CLASS I0 S.000 FILM 30. 462 TERM MENT 092905 JOURNAL FEDL !ME WAN MI6 CORP#S10t09 -19,272.801 3.951.000,00 SERIES 227 CLASS 0 FSITM J" WC1 REPO A 092905 JOURNAL FREDOIE MAC CMOSER1ES 2886 .8.743.867 SC-L'0 FUR FINANCIAL TRUST CO INC STATEMENT PERK* April 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER WEISER On Fee LAST STATEMENT April 29.2005 4.210 19 FILM Al REPO A 027 060i,05:09:03 001 V878 EFTA00196145

CLEARED THROUGH ITS MIDST OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 32 ci Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACRON DESCRSTON SYMEMCUSIP PARTIN DEBIT AMOUNT 092905 JOURNAL FREDDIE MAC CMO,SERIES 2886 8.743.867 594,000,00 SC-1/0 RJR 4,210RIII19 FITM A2 TERM MENT 05.'25/05 JOURNAL FEDL FINE LOAN MIG CORPt/S10110 SERIES 228 CLASS 0 6F,000 A2 TERM MENT 05:25,05 JOURNAL FEDL TOME WAN TAM CORP#S10110 SERIES 228 CLASS 10 6,000 5 FITM A2 TERM MENT 0512905 JOURNAL FEDL HOME WAN MTG OCANIS10110 SERIES 228 CLASS 10 6,0003.035 FITM A2 TERM MENT 0512905 JOURNAL FEDL TOME LOAN MTG CORPoSioi 10 SERIES 228 CLASS 10 6,00011.35 FITM A2 TERM MENT 05125/05 JOURNAL FEDL TOME LOAN MI6 OCAPPS10110 SERIES 228 CLASS TO 6,000 FITM glidaliPsA2 TERM RelrEIMMENT 05125/05 JOURNAL FEDL /CM LOAN MIG CCAP8S10110 SERIES 228 CLASS 10 6,000 11.35 FITM 81 REPO A FINANCIAL TRUST CO INC STATEMENT PERIOD April 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NLAISER On File LAST STATEMENT April 29.2005 CREDIT AMOUNT 918,287 162.000,00 1.836.575 333.000,00 2.295.719 415.000,00 6.428,013 1,113.000,00 6.887,157 1,190.000,00 .18,365.752 3,000.000 ,00 027 0601.05:09:03 001 Y878 EFTA00196146

CLEARED THROUGH ITS ?imply OMYRO SUBSIOARy BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. =Pm 33 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS SETTLErADR DATE 0925/05 TMDE DATE TRANSACTION JOURNAL DESORPTION UMTEO STATES TREASURY NOTE ATM Amp A2 4,125 15 TERM REPO AGREEMENT (continued) 05/25/05 JOURNAL Frrm 4.125 REPO AGREEMENT UMTEO STATES TREASURY NOTE Al 5 STMECLCvSly MAMMY 20.000.000 own /MUM 20,050,000.00 FINANCIAL TRUST CO INC STATEMENT PERIOD *11 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT April 29.2005 CREDO' AMOUNT 23.000.000 23,143,750.00 05/25/05 INTEREST FEDERAL NATIONAL MTO ASSN SERIES 346 CLASS DUE 11.0 0.000 FRM A2 REPO I 919.28 05/25/05 INTEREST FEDERAL NATIONAL MTO ASSN SERIES 346 CLASS I DUE 11! 0.000 ATM C2 REPO I a 5.969.89 0925/05 INTEREST FEDL NOME LOAN LUG CCAPaS10109 SERIES 227 CLASS 13 DUE Ilia 5.000 ATM A2 REPO I 565.88 05.025/05 INTEREST FEDL HOME LOAN MTO CCAPRS10109 SERIES 227 CLASS 10 DUE flai l 5.000 ATM 62 REPO I 1.422.10 05.025/05 INTEREST FEDL HOME LOAN MTO CCAPRS10109 SERIES 227 CLASS 10 DUE I los 5.000 ATM 52 REPO I 2,414.31 05/25105 INTEREST FREDDIE MAC CMO/SERIES 2886 SC-90 FUR DUE Oil. 4.210 ATM A2 REPO I 380.00 027 0601.05:09:C0 001 11878 EFTA00196147

CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 34 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT DATE TRADE DATE TRANSACTION DESORPTION STMEIWCUSIP QUANTITY OMIT AMOUNT CREDIT AMOUNT 05/25105 INTEREST FEDL NOME LOAN MTO CORPaS10110 177,66 SERIES 228 CLASS 10 DUE 07jaris 6,000 FITM A2 REPO I 05125105 INTEREST FEDL NOME LOAN MTG CORPI.S10t 10 EMI 426,05 SERIES 228 CLASS 10 DUE lip 6,000 ATM A2 REPO I 06/2906 INTEREST FEDI. NOME LOAN MTG 00APdStOi 10 530,97 SERIES 228 CLASS 13 DUE 07.0 6,000 FITM A2 REPO I 0512905 INTEREST FEDL NOME LOAN MTG CORP#S1OI 10 813,73 SERIES 228 CLASS 10 DUE 0711. 6,000 FITM A2 REPO I 0512905 INTEREST FEDL NOME LOAN MTG CORPoS oi IC 978,78 SERIES 228 CLASS 10 DUE Oak. 6.000 FITM A2 REPO I 0512905 INTEREST UMTEO STATES TREASURY NOTE NMI 1.598,43 DUEOSJ 4,125 FITM A2 REPO I 092905 JOURNAL FANNIE MAE CmOSERiES 2003-13 12,636.068 S RCR-1,0 FOR 4,910 A2 RIM A 3 . TERM MENT FINANCIAL TRUST CO INC STATEMENT PERK* W130.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER WEISER On File LAST STATEMENT ApT11 29.2005 027 0601.05:09:03 001 Y878 EFTA00196148

CLEARED THROUGH ITS WHOLLY OMED SUBSIDIARY BUR STBMZNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 35 c. Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) FINANCAAL TRUST CO INC STATEMENT PERK* WI 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER Ai/' ER On File LAST STATEMENT *11 29.2005 ROWAN' TRADE DATE DATE TRANSACTION DESCRITTON SYMBOL,OVSIP OV$NTIW DEBIT AMOUNT cnEor AMOUNT 05,26/05 JOURNAL FANNIE MAE CMG/SERIES 2003.13 -6.318.034 S RCRAŽO FLTR 4.910Aliiiiir FITM Al REPO 05/26105 JOURNAL FANNIE MAE CMOSERIES 2003.13 S RCR-I10 FLTR 4.910 1133 FITM Al REPO A 05127/05 DELIVERED UNTED STATES TREASURY NOTE DUE 04t302007 3.625 3.625. 117 FITM A2 TERM e EMENT 05/27105 JOURNAL LINiTED STATES TREASURY NOTE FITM Hip A2 4.125 15 TERM REPO AGREEMENT 05127105 JOURNAL TINTED YATES TREASURY NOTE FITM Al 0.125 .15 REPO AGREEMENT -6.318.034 525.000.00 -61.000.000 61.305.000.00 23.000.000 23.143.750.00 -38.000.000 38.095.000.00 05.27105 INTEREST MATEO STATES TREASURY NOTE DUE 04/111 .625 10,898.67 0527'05 INTEREST UNIDO STATES TREASURY NOTE DUE 05ini. A€.125 21 FITM REPO Ihr 3.613.00 027 0600S:09:CO 001 V878 EFTA00196149

CLEARED THROuGH ITS wisCtLY OW,E0 SUEISIOally BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. =Pm 36 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE 1TIANSACRON DESCRIMON 05/31705 RECEIVED MATEO STATES TREASURY NOTE DUE 05131/2007 3.500 3.500 lik• FIRM Al RESALE STMEICISCUSIP OUANTITY DEBIT AMOUNT 54.000.000 54000000 .00 I STean SPCmit' GoI FINANCIAL TRUST CO INC STATEMENT Amon April 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER PANDER On File 'Ayr STATEMENT *11 29.2005 CREDIT AMOUNT TOTAL $857.808.788.09 $593,316.16207 MISCELLANEOUS DATE MODAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREPT AMOUNT OS02)05 JOURNAL FR CMDY NC 153.010.50 05/03/05 JOURNAL TO CMDY A/C 79.838.50 05/04105 JOURNAL FR CMDY NC 107.505.00 OS06+05 JOURNAL TO CMDY NC MI. 158.04/1.41 05/0945 JOURNAL FR CMDY NC 70660.50 05/1045 JOURNAL FR OMER NC 109.576.00 OS/12)05 JOURNAL TO CMDY NC 173.287.00 05/12105 JOURNAL FNMA-30YR(FNMA)GTO 43.750.00 SER.05/05 5.000 DUE 05101/35 MBS NET 05112/05 05/12105 JOURNAL FNMA-30YR(FNMA)GTO 50000.00 SER.05/05 5.500 DUE 05101/35 MBS NET 05112/05 05/16105 JOURNAL TO CMDY NC 106.290.00 05/I 845 JOURNAL FR CMDY NC 21.651.00 0919)05 JOURNAL TO GAM NC 611.641$0 027 0601,06:09:02 001 YSTS EFTA00196150

CLEARED THROUGH ITS WHOLLY OM.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 37 FINANCIAL TRUST CO INC STATEMENT PERIOD WI 30.2005 THROUGH May 31.2005 Transaction Detail (continued) MISCELLANEOUS (continued) DATE maw TRANSACTION DESCRIPTION DEBT AMOUNT ACCOUNT NUMBER TAXPAYER AVUSER ON File LAST STATEMENT April 29.2005 CTECIT AMOUNT 05120+05 JOURNAL FR CMDY NC 156.062.50 05/23/05 JOURNAL FR CMDY NC 127.115.50 05/24105 JOURNAL TO CMDY NC 154.789.50 05/2905 JOURNAL APR 05 SPEC CLEARING FEES 1.600,00 05/2905 JOURNAL TO CMDY NC 274.164.00 05/2645 JOURNAL CORRECT PRIOR ENTRY 5125 300.00 APR OS SPEC CLEAR FEES 05/26.105 JOURNAL TO CMDY AC 56.300.00 0527105 JOURNAL FR CMDY AC 95.850.00 05131:05 JOURNAL FR CMDY AC 960.00 TOTAL S.1.616254.91 $936.131.00 Trades Executed Pending Settlement SETRE1AENT TRADE DATE DATE TRANSACTION DESORPTION STME/OUCUSP CAJANMY PRICE DEBIT AMOUNT GRECO AMOUNT 0602105 05/27105 BOUGHT ALTERNATIVE LOAN TRUST 37.701.010 .00 2.1562 827.671.71 SERIES 2000-300B CLASS I -A-S 02.080% 57050000 BS 027 0601.05:09:03 001 YB78 EFTA00196151

CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 38 0 Trades Executed Pending Settlement (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 07/14105 05/06/05 SOLD 07/14105 05/19/05 BOUGHT 07/14105 0523/15 BOUGHT 07/I4/05 05/06105 SOLD 07/I4/05 05/26705 SOLD TOTAL DESCRPTION FNMA 30YR TBA OTD SETT. 07105 01/411005.000% 57440000 BS FNMA-30TR(FNMA)GID SETT.07/06 layillia05.500% 57050000 BS FNMA-30TR(FNMA)GID SETT.07/06 57100000 BS FNMA 300LiFNMAIGID SETT,0706 57450000 BS FNMA 30YRiFNMAIGTD SETT,07 06 F 05.500% 57180000 BS The chore Peons cti nol (ppm in airy cling saban o1 Iho staIerneet End of Statement FINANCIAL TRUST CO INC STATEMENT PERIOD April 30.2005 THROUGH May 31.2005 ACCOUNT NUMBER TAXPAYER MAIIIIER On File LAST STATEMENT April 29.2005 SWEID..CUSI> OJANTIP PRCE DEPT AMOUNT MCP AMOUNT -30.000.000 .00 98.5195 29.555.859 .38 30.000.000.00 100.867l 30.260.156.25 30.000.000.00 101 30.300.000.00 -30.000.000.00 100.5156 30.154.687 .50 -60.000.000 ,00 100.9531 60.571.875 .00 $61.387.827.96 ST 20.282.421.88 027 060105:09:03 001 T178 EFTA00196152

CLEARED 1HRCO3H ITS WHOLLY 01MNIED SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT S m ear. Stearns & Co. Inc. ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE wymr.bearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 7 Trades Not Yet Settled 36 Your Portfolio at a Glance TOTAL VAWE OF SECURITIES THIS PERIOD 2.900.677 LONG ACCRUED INTEREST 49.699 NET CREDIT BALANCE 180,992 NET EQUITY THIS PERIOD S3,131,368 NET EOINTY LAST STATEMENT 3.471,276 CHANGE SINCE LAST STATEMENT -339,907 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. IIIIIIIIII1111111 II FINANCIAL TRUST CO INC CIO JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Market Value of Your Portfolio Cash a Equvalent -IP $180.992 tr $77.668 Fixed Income 411 677 .............. $1335.615 I N Current market vane gig Last statements market value FINANCIAL TRUST CO INC STATEMENT PERIOD April 1.2005 THROUGH April 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT MVO 31.2005 Stno. S'ennirY r; awnabomi Reposes My It Is rid vendedacne. dee:wore Tres statecnore should be Maned ex your records. Soo renews.* tot topodare nrconatco 027 043005:11:24 001 1877 EFTA00196153

GEARED IHROUGH ITS WHOLLY OMAIED $1.1190MAv FINANCIAL TRUST CO INC 2 oi 37 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 04,3005:11:24 001 V877 EFTA00196154

CLEARED THROUGH ITS YilICtLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 3 o Cash Flow Analysis THIS PERIOD Income Summary PERIOD YEAS TO DATE Opening Balance $77.667.54 U.S. Govt. Bond Int. 185.544.78 2.696.00t23 Govt. Agency Int. 552.438.36 2.574.774.36 Securities Sold 1,359,111,947.26 Corp. Bond Int. 113.515.89 488,52726 Dividends Interest 852.373.23 Credit Balance Int. 874.20 2,83420 Miscellaneous 2,204,993.35 Reverse Repurchase Int. 167.202.34 993,733.64 Amount Credited 81,362,169,313.84 Total $1 019 575.57 $6 755 871.39 Securities Bought -1,358,335,855.07 Bond Purchase Int. -925.716.62 -4.426,001.99 Dividends/Interest Charged -925.716.62 Repurchase lnt. Exp. -242.166.81 -642,85923 Miscellaneous -2,804.417.29 Amount Debited $-1.362.065.988.98 Portfolio Composition Net Cash Activity 103,324.86 CashtCash Equivalent 180,992 ClosingBalance $180,992.40 Fixed Income 2.900,677 Total $3,081,669 Cash Balance Summary OM. NG CLOSING Margin 77.667.54 180,992.40 Net Cash Balance $77,667.54 $180,992.40 027 04.3005:11:24 001 FINANCIAL TRUST CO INC STATEMENT PERK* 1.2005 THROUGH April 29.2005 ACCOUNT NUMBER TAXPAYER WESER On File LAST STATEMENT March 31.2005 Your Portfolio Allocation Cash & Equivalent-, 5% — Fixed Income 95% Umeeled Graces emote OW beam", *eke Veil male valve Tea oloteee revenue, 0 Owed Icon to enaLte market rate pi >ye peen" 1877 EFTA00196155

CLEARED THRouGH 115 ieniCu.Y OmED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 4 cI '3? Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCPrION CASH BALANCE S.-AiSCLOSIP IAAPJ<ET ESTIMATED CuRRENT OurdaiTy pi:DcE vALuE !Mu& MCCUE VELD is.) 180.992 TOTAL CASH & CASH EQUIVALENTS $180.992 FIXED INCOME Government & Agency Obligations ACCT DESCRPRON SWA3OLCUSP TYPE FINANCIAL TRUST CO INC STATEMENT PERK* 1. 2005 THROUGH WI 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST sTATELIENT Mardi 31.2005 ACCRUED ESTRUM CURRAN PRICE MARKET VALLE MEREST ANNUAL INCOME YEID FEDERAL NATIONAL MTG ASSN MRGN SERIES 2003-49 CLASS SW DATED DATE 04/30/03 BOOK ENTRY ONLY DUE 01/25/2033 3.980% FACTOR .53416049 12,983,710 8,0124 1,040.305 5.741 516,752 49.6731 FEN. HOME LOAN NIG CORP#STCH TO MRGN 9.419,607 19.7500 1.860.372 43.958 565.176 30.3797 SERIES 228 CLASSIC DATED DATE 02/01A35 ROOK ENTRY ONLY DUE 02/01/2035 6.000% FACTOR .941%062 Total Government& Agency Obligations $2.900.677 $49.699 $1.081.928 TOTAL FIXED INCOME 52.900.677 $49.699 $1.081.928 YOUR PORTFOLIOHOLOINGSACCRUED INTEREST $49.699 YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME $1.081.928 YOUR PRICED PORTFOLIOHOLDINGS $3.081.669 027 04,3005:11:24 001 Y877 EFTA00196156

CLEARED IHRCUGH ITS WHOLLY ODYED SOMMER, BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 5 Repurchase and Reverse Repurchase Transactions with Bear,Stearns& Co. Inc.outstanding as of date of statement PLROOSS REPURCHASE PROM PURCHASE PRICE; ACCRUED REPO CAPMMY START DATE DATE RATE PRINCPAL MEREST' (FACE AMOUNT) CUSP DESCRIPTOR I it' Go' FINANCIAL TRUST CO INC STATEMENT PERIOD *II 1.2005 THROUGH Apt1 29.2005 =DEMIST NUMBER TAXPAYER PAAOER On File LAST STATEMENT Minh 31.2005 YOU PROVIDED FEDERAL NATIONAL MTG ASSOC (MARGIN) 02/07105 OPEN 0.000 -50.000,000 SEES 2003-13 CLASS 4.9800 oa25133 YOU SOLD FANNIEMAE STRIP (REPO) 04/04/05 05/04/05 3.080 473,000 -1.133 -910.000 SEES 346 CLASS PO 11101133 YOU SOLD FANNIEMAE STRIP (REPO) 04/11105 05/11/05 3.130 -10.583.000 -19.322 -30.000.000 SEES 329 CLASS PO 12/01/32 YOU SOLD FANNIEMAE STRIP (REPO) 04/11105 05/11/05 3.130 -4.553.000 -8.313 a090.000 SEEMS 346 CLASS PO 11101/33 YOU SOLD FEDERAL HOME LOAN STRIP (REPO) 04/11/05 05/11/05 3.130 -1.143.000 -2.086 -5.000,000 SEES 227 CLASS 10 5.0000 12/01/34 YOU SOLD FEDERAL HOME LOAN STRIP (REPO) 04/13105 05/13/05 3.150 -556.000 -924 -2.500,000 SEES 227 CLASS 10 5.0000 12/01/34 YOU SOLD FANNIEMAE STRIP (REPO) 04/15105 05/16/05 3.180 -11.174.000 -16.779 -30.959.779 SEES 329 CLASS PO 12/01/32 YOU SOLD FANNIE MAE STRIP (REPO) 04/15/05 05/16/05 3.180 -4.211.000 -6.323 -20.000.000 SEES 353 CLASS 10 5.0000 07/01/34 YOU SOLD FREDOIEMAC STRIP (REPO) 04/15/05 05/16/05 3.180 -3.665.000 -5.503 -20.000.000 SEES 228 CLASS 10 6.0000 02/01/35 YOU SOLD FANNIE MAE STRIPS (REPO) 04/20/05 05/16/05 3.200 -14.660.000 -15,637 -23.000.000 SEES 352 CLASS PO 07/01/34 YOU SOLD FEDERAL HOME LOAN STRIP (REPO) 04/22105 05/16/05 3.230 -1.837.000 -1.648 -8,500,000 SEES 227 CLASS 10 5.0000 12/01/34 027 04/30.01:11:24 001 4/77 EFTA00196157

CLEARED THROUGH ITS WHOU.Y omeo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 6 o Repurchase and Reverse Repurchase Transactions (continued) with Bear,Stearns& Co.inc.outstanding as of date of statement (continued) PURCHASE/ REPURCHASE PRICING PURCHASE HIVE£ ACCRUED REPO WINTRY START DATE DATE RATE PAINCTPAL MEREST' (FACE AMOUNT) CUSP DESCRIPTION FINANCIAL TRUST CO INC STATEMENT PER100 ARM 1.2005 THROUGH *11 29.2005 ACCOUNT NUMBER TAXPAYER PMUSER CR Fite LAST STATEMENT M&Ch 31.2005 YOU SOLD FREOCHEMAC STRIP (REPO) 04/22/05 05/16105 3.230 -528,000 -473 -3.000,000 SERIES 228 CLASS 10 6,0000 02/01/36 YOU PROVIDED FREDDIEMAC STRIP (MARGIN) 04/22,05 OPEN 0,000 -7.000.000 SERIES 228 CLASS 10 6,0000 02/01/36 YOU PROVIDED GOVERNMENT NATIONAL MTG ASSOC (MARGIN) 04/25105 OPEN 0,000 -26.400.000 SERIES 2004-5 CLASS P 3,9600 02/20/33 YOU SOLD FEDERAL HOME LOAN STRIP (REPO) 04,25/05 05711105 5,130 -536.000 -534 -2.500.000 SERIES 227 CLASSIC sp000 12/01/34 YOU PROVIDED FEDERAL HOME LOAN STRIP (MARGIN) 04,25105 OPEN 0.000 -1,500,000 SERIES 227 CLASSIC 5.0000 12/01/34 YOU SOLD USTR 4,0000 02/15/15 (REPO' 04:29;05 OPEN 2.750 -59.400.000 -13.612 -60.000.000 TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0 TOTAL REPURCHASE TRANSACTIONS S-113.319.000 $42,287 'As ct skyorrom dr.* 027 01,30'05:11:24 001 YS77 EFTA00196158

CLEARED THROuGH ITS wisCtLY CAM,E0 SUBSIOally BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 7 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT DATE TRADE DATE TRANSACTKIN 04/01105 03/31/05 BOUGHT 04101105 03/31105 SOLD 04/01/05 03/31105 SOLD 04/07/05 PRINCIPAL 04108/05 04/07105 BOUGHT 04/13/05 03/1645 BOUGHT 04/13105 03/14105 BOUGHT DESORPTION UNITED STATES TREASURY NOTE 1.0.3.000% M 30 MATURITY GVER REF # G0901002 Al UNITED STATES TREASURY NOTE 03.750% MS 31 MATURITY GVER REF # G0901006 Al UNITED STATES TREASURY NOTE 03.750% MS 31 0 MATURITY GVER REF # G0901006 BI FEDL HOME LOAN MTG CORN/5101M SERIES 228 CLASS 10 6.000 DUE 02101/35 PRINCIPAL REDUCTN 04-15-05 UNITED STATES TREASURY NOTE DUE 02/15/2015 04.000% FA 15 SPECIAL INSTRUCTIONS YIELD 4.412 % M MATURITY GVER REF # G0970029 A7 AS OF 04/07105 FNMA 30111 OTO SETT. 04/05 Wit. 5.10:00% 7 0 BS NMA 30 fR GTD SETT. 0405 05.000% 57280000 BS I it' GoI FINANCIAL TRUST CO INC STATEMENT PERK* *II 1.2005 THROUGH WI 29.2005 ACCOUNT NUMBER TAXPAYER AMMER Cfl File LAST STATEMENT MVO 31,2005 STMEIOLCUMP CIVANTRY PRICE DEBIT AMOUNT GRECO' AMOUNT 50,000,000 ACM INT. 98.73047 49,365,234.38 377.071.82 MIS -30.000.000 99.91406 29.974,21B .75 ACCR, INT. 3.073.77 -50.000.000 99.91406 49.957.031 .25 ACCR, INT. 5.122.95 MIN -335.609 El= 40.000.000 96.73438 38,693,750.00 ACCR. 229,834.25 MIMI 5.000.000 97.93359 4.896.679.69 10.000.000 97.71094 9.771.093.75 021 04.3C•OS:l 1:24 ODI vs>, EFTA00196159

CLEARED THROuGH ITS WHOLLY omeo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 8 ci Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACT/DTI 04/1395 03/08(05 CANCEL SELL 04/1345 0310945 CANCEL SELL 04/13:05 03115(05 BOUGHT 04/13(05 03/14105 CANCEL SELL 04/13/05 03/18/05 CANCEL SELL 04/13(05 03/18(05 CANCEL SELL OESCRPTION FNMA 30YR GTO SETT. 04/05 05.000 +: 5803000 AS OF 03.08(06 TO CXL PREVIOUS SELL FNMA 30YR GTO SETT. 0495 57380000 AS OF 03/09(05 TO CA. PREVIOUS SELL FNMA 30YR GTO SETT, 04/05 1101 505.000% 7140000 FNMA 30YR GTO SETT 04/05 05.000% 57080000 AS OF 03/14(05 TO CA. PREVIOUS SELL FNMA 30YR GTO SETT. 04(05 illilik s05.000% 7000000 AS OF 03(18(05 TO CXL PREVIOUS SELL FNMA 30YR GTO SETT. 04/05 05.000 7050000 AS OF 03/18(05 TO CA. PREVIOUS SELL FINANCIAL TRUST CO INC STATEMENT PERK* *II 1.2005 THROUGH April 29.2005 ACCOUNT NUMBER TAXPAYER IMMER Cn Flle LAST STATEMENT Ukiah 31.2005 STUE/OLCUSP OVANTITY ma DEBIT AMOUNT CFEDI A/lOcter BS 10.000.000 98.48875 9.846.875.00 NMI 15.000.000 97.92188 14.688.281.25 BS 20.000.000 97.57813 19.515.625.00 BS 20.000.000 97.65625 19.531.250.00 BS 20.000.000 97.91016 19.582.031.25 BS 20.000.000 97.92188 19.584.375.00 BS 027 04300S:11:24 001 .87? EFTA00196160

CLEARED THROuGH ITS WHOLLY omeo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 9 ci P:• Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 04/13/05 03/09105 CANCEL SELL 04/13/05 03/0845 CANCEL SELL 04/13105 03/21105 BOUGHT 04/13/05 03130:05 BOUGHT 04/13/05 03/16/05 CANCEL BUY 04/13105 03/14105 CANCEL BUY DESORPTION FNMA 30YR OTO SETT. 04/05 05.000i 57320000 AS OF 03,09 OS TO CAL PREVIOUS SELL FNMA 30YR OM SETT, 04'05 06.000 7670000 AS OF 03/138t05 TO CM. PREVIOUS SELL FNMA 30YR OTO SETT, 04/05 1011111.05.000% 57140000 FNMA 30YR OTO SETT 04/05 05.000% 7320000 FNMA 30YR Om SETT, 04/06 05.000% 57130000 AS OF 03l6:05 TO CXL PREVIOUS BUY FNMA 301R GTO SETT. 04105 101.1.05.000% 57280000 BS AS OF 0114'05 TO CXL PREVIOUS MN FINANCIAL TRUST CO INC STATEMENT PERK* APII 1.2005 THROUGH &XII 29.2005 ACCOUNT NUMBER TAXPAYER IMMER Cn File LAST STATEMENT Ukiah 31.2005 10.100..CuSP OVANMY PRICE DEBIT AMOUNT CFEDI A/lOcter 20.000.000 97.99219 19.598.437.50 BS 20.000.000 98.53125 19.706.250.00 BS 40.000.000 97.75000 39.100.000.00 BS 50.000.000 97.39844 48.699.218.75 BS -5.000.000 97.93359 4.896.679.69 BS -10.000.000 97.71094 9.771.093.75 027 04300S:11:24 001 V877 EFTA00196161

CLEARED THROWN ITS WHOLLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 10 II? Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 04/13/05 03/08/05 SOLD 04/13/05 03/0945 SOLD 04113/05 03/15+05 CANCEL BUY 04/13+05 03/14105 SOLD 04/13+05 03/18+05 SOLD 04/13+05 03/18+05 SOLD 04/13+05 03/09/05 SOLD DESCRIPTION FNMA 30YR GTO SETT, 04/05 05.033% 58030000 FNMA 30YR GTO SETT. 0405 , 05.000% 57380000 FNMA 30YR GTO SETT, 04/05 111.1.5.000% 7140000 AS OF 03/1545 TO CM. PREVIOUS BUY FNMA 30YR COD SETT, 04/05 00/0005.000% 57080000 FNMA 30YR 01D ETT, 04,05 05.000% 57000000 FNMA 30YR GTO SETT. 04;05 7050000 FNMA 30YR WO S . 04;05 FINANCIAL TRUST CO INC STATEMENT PERIOD ADM 1.2005 THROUGH *11 29.2005 SIMEID:CuSP 0,AWNT, ACCOUNT NUMBER TAXPAYER NLM3ER LAST STATEMENT PRICE DEBIT AMOUNT OR File MVO 31.2005 CREDO AMOUNT BS 40,000.003 98.46875 9.846.875.00 11111 -15.000.000 97.92188 14.688.281 .25 BS 11111 -20.000.000 97.57813 19.515.625 .00 BS -20,000.000 97.65625 19.531.250 .00 BS -20.000.000 97.91016 19.582.031 .25 BS -20.000.000 97.92188 19.584,375 .00 BS NMI -20.000.000 97.99219 19.598.437 .50 05.000% 57320000 BS 027 04300S:11:24 001 .87? EFTA00196162