CLEARED THROUGH ITS WHOLLY CIMS*0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 11 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 04/13105 03/08/05 SOLD 04/13105 03/21105 CANCEL BUY 04/13105 03,030105 CANCEL BUY 04113105 03/14105 BOUGHT 04/13105 03/1645 BOUGHT 04/13105 03/08/05 CANCEL SELL OESCRPTION FNMA 30YR GTO SETT. 04/05 05.000% 7670000 BS FNMA 30YR GTO SETT. 04/05 1.1005.000% 57140000 BS AS OF 03/21/05 TO CXL PREVIOUS BUY FNMA 30YR GTO SETT. 04/05 05.000% 7320000 BS AS OF 03/30/05 TO CM. PREVIOUS BIN FNMA 30YR GTO SETT 04/05 05.500% 57290000 BS FNMA 30YR GTO SETT, 04/05 7240000 BS FNMA 30YR GTO SETT 04/05 05.500% 8150000 BS AS OF 03.08105 TO CM. PREVIOUS SELL I FINANCAL TRUST CO INC STATEMENT PERK* * 11 1.2005 THROUGH Apt1 29.2005 ACCOUNT NUMBER TAXPAYER PAINTER On File LAST STATEMENT MVO 31.2005 SYMEIOLCUS, oawrin PRCE DEBIT AMOUNT CREWE MOINE -20.000.000 98.53125 19106,250 .00 -40.000.000 97.75000 39.100000 .00 -50.000.000 97.39844 48.699.218 .75 5.000.000 100.13281 6.006.640.63 5.000.000 100.26563 5.013.281.25 10.000.000 100.70703 10.070.703.13 021 04.3C•Otr:11:24 ODI Y87/ EFTA00196163

CLEARED THROUGH ITS WHOU.Y onneo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 12 ci (( Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACI109 04/13/05 03/09105 CANCEL SELL 04/13/05 03109.'05 CANCEL SELL 04/I 3.85 03/29105 BOUGHT 04113.85 03(30(05 BOUGHT 04/13/05 0311485 CANCEL BUY 04/13(05 03/16105 CANCEL BUY OESCRIPTION FNMA 30YR OTO SETT, 04/05 57390060 AS OF 03(09(05 TO CAL PREVIOUS SELL FNMA 30YR OTO SETT, 04105 05,500 57280000 AS OF 03409(05 TO CXL PREVIOUS SELL FNMA 30YR GTO SETT, 0405 illiga0105.503t. As OF 032905 57130000 FNMA 30YR GT D SE II, 04.05 1111.05.503% 57390000 FNMA 30YR 010 ETT, 0405 05.500% 57290000 AS OF 03/14/05 TO CXL PREVIOUS BIN FNMA 30YR OTO SETT, 04/05 1.01105.503 ,4 57240000 BS AS OF ca mos TO Ca PREVIOUS BIN FINANCIAL TRUST CO INC STATEMENT PERK* )9310 1.2005 THROUGH *11 29.2005 SIN00...CLISP OHNTITY PRICE AGLOW! NUMBER TAXPAYER NASSER LAST STATEMENT DEBIT AMOUNT Cn File Merck 31.2005 CFEOIA/hOcter 15.000.000 100.28125 15.042.187.50 BS 20.000.000 100.34766 20.069.531,25 BS 20,000.000 101.48438 20.296.875.00 BS 35.000.000 99.81250 34.934.375.00 BS -5.000.000 100.13281 5.006.640.63 BS Siff -5,000.000 100.26563 5.013.281.25 027 04300S:11:24 001 .87? EFTA00196164

CLEARED THROUGH ITS Yi/IDALY OBS*0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 13 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 04/13105 03/08/05 SOLD 04/13105 03/09/05 SOLD 04113+05 03/09.05 SOLD 04113105 03/29.'05 CANCEL BUY 04/13:05 03:30:05 CANCEL BUY 04/13+05 03/29.'05 CANCEL SELL 0E5CnenON FNMA 30Th GTO s SEIT. 04/05 05.500% 8150000 BS FNMA 30Th 010 SETT, 04/05 05.50054 7390000 BS FNMA 30YR OTO SETT, 04/05 7280000 BS FNMA 30YR OTO 7130000 BS AS OF 0129.105 TO C)3. PREVIOUS BUY FNMA 30YR OTO SETT, 04/05 05.500% 7390000 BS AS OF 0340.105 TO CIO- PREVIOUS BIN FNMA-30YR(FNMA)01D SETT 04'05 06.000% 57090000 BS AS OF 03.29 05 TOGO. PREVICUS SELL 1. SIean $PCmitkf EAR FINANCa TRUST CO INC STATEMENT PERIOD Apt1 1.2005 THROUGH *11 29.2005 SYMBOL:CUSP CLANTITe PRCE ACCOUNT NUMBER TAXPAYER PAINTER LAST STATEMENT DEBIT AMOUNT On File MVO 31.2005 clear SCUM -10.000.000 100.70703 10.070.703 .13 -15.000.000 100.28125 15.042,187 .50 -20.000.000 100.34766 20.069.531 .25 -20.000.000 101.48438 20.296.875 .00 Illiff -35.000.000 99.81250 34.934.375 .00 SIM 20.000.000 101.71875 20.343.750.00 021 04.3C•OtKI 1:24 ODI vs>, EFTA00196165

CLEARED THROUGH ITS MIPS? 011X.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 14 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTOR 04713/05 03/30/05 CANCEL SELL 04/I 345 04/06/05 BOUGHT 04/13/05 04/07105 BOUGHT 04/I 3/05 03/2945 SOLD 04/13/05 03/30:05 SOLD 04/13/05 04/06.05 CANCEL BUY OESCRPTION FNMA-30YR(FNMA)GID SETT.04105 06.009, 7150000 AS OF 03,30,05 TO CAL PREVIOUS SELL FNMA-30YR(FNMA)G1D SEIT.04.05 01.111 506.000, 7509000 FNMA-30YR(FNMAXDO SETT.04/05 06.000% 57250000 FNMA-30YR(ENMA)GID SETT.04105 7090000 FNMA-30)41(FNMA)G1D SETT.04/05 06.000% 7150000 FNMA-30YR(FNMA)GID SETT.04/05 06.000% 7500000 AS OF 040685 0 CxL PREVIOUS BUY FINANCIAL TRUST CO INC STATEMENT PERIOD April 1.2005 THROUGH April 29.2005 AGLOW! NUMBER TAXPAYER NLP9ER OfiFile LAST STATEMENT Muth 31,2005 XIMEICLCUSP CSAV4MY PRICE DEBIT AMOUNT CRUM AAIDUNr 20.000,000 101,92188 20,384.375,00 BS 20.000.000 102.45313 20.490.625.00 BS 20.000.000 102.64063 20.528.125.00 BS -20,000.003 101.71875 20.343,750,00 BS as -20.000.000 101.92188 20.384.375,00 -20.000.000 102,45313 20.490.625,00 BS 027 04900511:24 001 VS77 EFTA00196166

CLEARED THROWN 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 TRANSACTION DESCRIPTION SYMEICL.00SP CVANTITY PRia DEIST AMOUNT CREW AMOUNT 04/13/05 04/07105 CANCEL BUY FNMA-30YR(FNMA)GTD SETL04105 06.000% -20.0043.000 102.64063 20,528,125.00 57250000 BS AS OF 04/07/05 TO CAL PREVIOUS BUY 04/13/05 04/12)05 BOUGHT UNITED STATES TREASURY NOTE 20.000.000 100.10156 20,020,312.50 03.750% MS 31 ACCR, MT. 26,639.34 MATURITY GVER REP N G1021009 Al 04/18/05 0312945 BOUGHT FNMA 30YR OTO 20.000.000 101.48438 20.296.875.00 SETT, 04/05 05.500% 57130000 BS 04/18/05 0329)05 CANCEL BUY FNMA 30YR OTD sios SEIT. 04/05 05.500% 7130000 BS Milli -20,000.000 101,48438 20.296.875 MO AS OF 03)2945 TO C)1. PREVIOUS BUY 04/18/05 03115+05 CANCEL SELL FNMA-15YR(FNMA- %GTO 20.000.000 97.74219 19.548.437.50 SETT,04105 7250000 BS AS OF 03/15/05 TO CM. PREVIOUS SELL 04/18/05 03/14105 BOUGHT FNMA- I 5Y11(FNMA-I5)GTD 20.000.000 97.77344 19.554.687.50 SETT.0406 FINANCIAL TRUST CO INC STATEMENT PERK* *II 1.2005 THROUGH April 29.2005 ACCOUNT NUMBER TAXPAYER HUNTER On File LAST STATEMENT MVO 31.2005 0.01004.500 ,4 57040000 BS 027 04300S:11:24 001 V877 EFTA00196167

CLEARED THROUGH ITS MIMI? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 16 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SEMWENT DATE TRADE DATE TRANSACTION 04/18105 03/09105 CANCEL SELL 04/18/05 03/08105 BOUGHT 04/18+05 03115+05 SOLD 04/18+05 03114+05 CANCEL BUY 04/18+05 03/09/05 SOLD 04/18+05 03/08105 CANCEL BUY OESCRIPTION FNMA-15YR(FNMA-15)1TD SETT,04105 01.01 04,500% 57590000 AS OF 03,09,05 TO C/3. PREVIOUS SELL FNMA-15YRIENMA. 151GT0 7680000 FNMA-15YR(FNMA-15)GTO SETT,04+05 04,500% 7250000 FNMA- I SYNFNMA. 151GT0 SETT,04105 57040000 AS OF 03/14+05 TO CXL PREVIOUS BUY FNMA-15YR(FNMA. StOTO SETT,04105 ' 7590000 FNMA-15YR(FNMA-15)GTO SETT 04105 04500% 7680000 BS AS OF 03/08105 TO CM. PREVIOUS BUY FINANCIAL TRUST CO INC STATEMENT PERK* April 1.2005 THROUGH April 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT AMMO 31.2005 snieoucuse OUNERTE PRICE DEBIT AMOUNT CREDI A/lOcter 20,000,000 97,96313 19.590.625,00 BS 20.000.000 98,54688 19.709.375,00 BS -20.000.000 97,74219 19.548.437 ,50 BS -20,000.000 97,77344 19.554.687 ,50 BS -20.000.000 97,95313 19.590.625 ,00 BS -20.000.000 98,54688 19.709.375 ,00 027 04300S:11:24 001 V877 EFTA00196168

CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 17 a Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSICTON 04/18+05 03/29,05 BOUGHT 04/18/05 034045 BOUGHT 04/18105 04/06105 CANCEL SELL 04/18105 04/07105 CANCEL SELL 04/18/05 0128,05 CANCEL BUY 04/18/05 03/30105 CANCEL BUY DESCRIPTION FNMA-15YR(FNMA-15)0T0 05.500% 7130000 BS AS OF 03+29/05 FNMA-15YR(FNMA-15)GTO SETT.04105 1011.5 05.5" 7110000 BS FNMA-ISYR(NMA-15)GTO 05.50096 7540000 BS AS OF 04/06105 TO CXL PREVIOUS SELL FNMA-15YR(FNMA- I SGTO SETT:34105 05,500% 57290000 BS AS OF 04/07+05 TO CA. PREVIOUS SELL FNMA- SYNFNItIA- StGTO 05.500% 7130000 BS AS OF 03+29105 TO CXL PREVIOUS BUY FNMA-1501(FNMA-15}0T0 SETT:34105 illare 05.500% 57110000 ES AS OF 0380105 TO CXL PREVIOUS BUY FINANCIAL TRUST CO INC STATEMENT PERK* April 1.2005 THROUGH April 29.2005 ACCOUNT NUMBER TAXPAYER KAMER Cn Flle LAST STATEMENT March 31.2005 SYMEIO.CuSP CANNTITV PRICE DEBIT AMOUNT CFEOIA/lOcter Asir 20.000,000 20.000.000 101.48438 101,64063 20.296.875.00 20.328.125 .00 lilt 20.000.000 102.06250 20.412.500.00 20.000.000 102.17188 20.434.375.00 -20.000.000 101.48438 20.298,875 ,00 -20,000.003 101.64063 20,328,125.00 027 04300S:11:24 001 '.87? EFTA00196169

CLEARED THROUGH ITS YAIOU.Y OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 18 ci Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE 04/1&05 04/06105 04/18s35 04/07105 04/18/05 04/15/05 04/19/05 04/18+05 04/20105 04/1845 0422/05 04/21105 04/2905 TRANSACTION SOW SOW DESCRIPTION STMEIELCuSP MANI Ir.' FNMA-151Ft(FNMA-15)0TD mais SEIT.04105 05.500% 7540000 FNMA-15YR(FNMA-15)GTO SETL04/05 BS 11111 -20.000.003 -20.000.000 .1005.500% 57290000 BS BOUGHT UNITED STATES TREASURY NNE DUE 02/15/2015 04.000% FA 15 SPECIAL INSTRUCTIONS ericE 102.06250 FINANCIAL TRUST CO INC STATEMENT PERK* 1.2005 THROUGH *11 29.2005 ACCOUNT NUMBER TAXPAYER NUMER Cfl File LAST STATEMENT MVO 31.2005 DEW AMOUNT MCAT AMOUNT 20.412.500 .00 102.17188 20.434.375 ,00 5.000.000 ACCR, 97.71876 VIEW 4.286 % TO MATURITY GYER REF # G1053517 A3 WWEB SOW UNITED STATES TREASURY NOTE -15.000.000 98.05469 04.000% FA 15 MATURITY GYER REF # G1081006 Al ACCR, INT, BOUGHT FEDERAL NATIONAL WO ASSN 20.311.170 78.68750 SERIES 352 CLASS 1 00.001% 57040000 BS SOW UNITED STATES TREASURY NOTE -T0,000.000 97.62600 04.000% FA 15 . . 0 MATURITY ACCR, GYER REF # G1111026 Al PRINCIPAL FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 01/01/33 STRIP PRIN RID 03-05 ND 04-25-05 REPO P S I 0.0000 4.885.937,50 34.260.14 14.708.203.13 104.419.88 15.982.352.30 9.762.500.00 72.928.18 405,707.10 027 0430,0S:11:24 001 "877 EFTA00196170

CLEARED THROUGH ITS WNW.? OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 19 o Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACTOR DESCRPTION SIMEIO:CLISP OJANNTe PFPCE STATEMENT PERIOD THROUGH ACCOUNT NUMBER TAXPAYER AILIMER LAST STATEMENT DEBIT AMOUNT *II 1.2005 *11 29.2005 CR Fite Much 31.2005 CREDIT MnOvio 04/25/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 418,686.74 SERIES 329 CLASS PO WE 01/01/33 STRIP F'RIN RID 03-05 PAD 04-25-05 REPO P 8I 0.0000 04,25'05 PRINCIPAL FEDERAL NATIONAL MTG ASSN -342.955 SERIES 2003-49 CLASS SW 4.150 DUE 01/25/33 PRINCIPAL REDUCTN 04-25-05 04,25105 PRINCIPAL FEDERAL NATIONAL MTG ASSN 16.920.27 SERIES 346 CLASS 1 DUE 11/01/33 PRIN RID 03-06 ND 04-25-05 REPO P 8I 0.0000 04,25105 PRINCIPAL FEDERAL NATIONAL MTG ASSN 38.860.83 SERIES 346 CLASS 1 DUE 11/01/33 PAIN RID 03-05 PAD 04-25-05 REPO P 8I 0.0000 04/25/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 130.15,5.90 SERIES 346 CLASS 1 DUE 11/01/33 PAIN RID 03-05 ND 04-25-05 REPO P 8I 0.0000 04,2805 04/27/05 BOUGHT UNITED STATES TREASURY N3TE VIM 10,000.000 100,28125 10,028,125.00 DUE 0131/2007 03.750% MS 31 ACC/, INT. 28,688.52 SPECIAL INSTRUCTIONS YIELD 3.596 % TO MATURITY OVER REF # G1173441 A3 WWEB 04,2905 04/2845 BOUGHT UNITED STATES TREASURY NOTE 10,000.000 98.78125 9,878,126 .00 04.000% FA IS ACC/, INT. 80,662.98 0 MATURITY GVER REF # G1181014 Al FINANCIAL TRUST CO INC 027 0430CS:11:24 001 V877 EFTA00196171

CLEARED THROUGH ITS viHOLY OW ,E0 SUOSIOATiv BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 20 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 04/29105 TRADE DATE TRANSACT/DTI 04/28/05 BOUGHT OESORPTION UNITED STATES TREASURY NOTE 03.750% MS 31 MATURITY GVER REF # GI 181005 Al SY1A301XLISP GUMMY PRICE 50,000,000 100.30078 ACCR. M. I FINANCIAL TRUST CO INC STATEMENT PERK* 1.2005 THROUGH *11 29.2005 ACCOUNT NUMBER TAXPAYER NUMER On File LAST STATEMENT MVO 31,2005 DEBIT AMOUNT 50.150.390 .63 148.585.57 CREDO MOM TOTAL $416.1102,404.18 5722.470.28920 INTEREST DATE DESCRIPTION STAIDOUCUSIP OUPATITY RATE o4 CENT AMOUNT CREDIT AMOUNT 04101105 AVG SAL 528.740 RT 1.920 874.20 021 OFFICE INTEREST 0305 04/154)5 FEDL HOME LOAN MTG CORP/410109 USE 5.0000 34.736.63 SEEMS 227 CLASS 10 DUE 12/01/2034 5.000 INT RID 03.05 ND 04-15-05 REPO P &I 5.0000 04/1905 FEDL HOME LOAN MTG 00AP/410109 5.0000 46.996.61 SERES 227 CLASS 10 DUE 12/01/2034 5.000 INT RID 03.05 ND 04-15-05 REPO P &I 5.0000 04/1905 FEDL HOME LOAN MTG CORP/S10110 6.0000 48.776.08 SERES 228 CLASS 10 DUE 02/01/2035 6.000 INT RID 03-05 PA) 04-15-05 REPO P &I 6.0000 04/18'05 FEDL HOME LOAN MTG OCAP#S Ot 10 6,0000 48.776.08 SERES 228 CLASS 10 DUE 02/01/2036 6.000 INT RID 03-05 PA) 04-15-05 REPO P S I 6.0000 02/ 043005:11:24 001 V877 EFTA00196172

CLEARED THROUGH ITS YAIOU.Y omen SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 21 0 'J.( Transaction Detail (continued) INTEREST (continued) FINANCIAL TRUST CO INC STATEMENT PERK* *11 I. 2005 THROUGH *11 29.2005 ACCCUNT NUMBER TAXPAYER AVSMER Oil File LAST STATEMENT MATO 31.2005 DATE DESCRIPTION STMSELCUSIP WARM' RATE IY4 DEBIT AMOUNT CREDIT AMOUNT 04/15/05 FEDL HOME LOAN WIG OORPPS10i 10 6.0000 48.776.08 SERES 228 CLASS 10 DUE 02/01/2035 6.000 INT RID 03-05 PAZ( 04-15-05 REPO P &I 6.0000 04/15/05 FEDL HOME LOAN WIG CORPPS10i 10 INN 6.0000 48.776.08 SERIES 228 CLASS 10 DUE 02/01/2035 6.000 INTEREST PAYMENT 04-15.05 04/20/05 GOVERNMENT NATIONAL MTG ASSN NMI 4.1000 14.691.67 SEEMS 2004-5 CUSS PS DUE 02/20/2033 4.100 INT RID 03-05 PM 04-20-05 REPO P SI 4.1000 04/20/05 GOVERNMENT NATIONAL MTG ASSN NMI 4.1000 60.133.33 SERES 2004-5 CLASS PS DUE 02/20/2033 4.100 INT RID 03-05 PA) 04-20-05 REPO P I 4.1000 04/20(05 GOVERNMENT NATIONAL MTG ASSN NMI 4.1000 75.508.33 SERIES 2004-5 CLASS PS DUE 02/20/2033 4.100 INT RID 03-05 ND 04-20-05 REPO P I 4.1000 04/25/05 FANNIE MAE CMO/SERIES 2003.13 5.1500 113.515.89 S RCA-60 RTR DUE 03/25/2033 5.150 INT RID 03-05 PM 04-25-05 REPO P SI 5.1500 04/25/05 FEDERAL NATIONAL MTG ASSN MIS 4.1500 46 088.05 SERES 2003-49 CLASS SW DUE 01/25/2033 4.150 INTEREST PAYMENT 04-25.05 027 043005:n:24 001 EFTA00196173

CLEARED THROUGH ITS WHOLLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 22 c, Transaction Detail (continued) INTEREST (continued) DATE DESORPTION 04125105 FEDERAL NATIONAL MTO ASSN SERES 353 CLASS 2 DUE 07/01/2034 5.000 INI ND 03-05 P/D 04-2S-0S REPO P 8I 5.0000 TOTAL 4866,824.45 ST/ABOLOUS,P QUANTITY RATE Ice! 5.0000 DENT AMOUNT FINANCIAL TRUST CO INC STATEMENT PERKO ADM 1.2005 THROUGH *11 29.2005 ACCOUNT NUMBER TAXPAYER MAUMER Ofl File LAST STATEMENT MATO 31.2005 CREDIT AMOUNT 79.179.42 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stearns& Co. Inc. SETTLEMENT DATE TRADE DATE TRANSACTION DESORPTION SYMBOLCUSiP 0.:NYNT, DEBIT AMOUNT CREDIT AMOUNT 04/01105 04ADVOS 04/01105 04,0405 04:04/05 DELIVERED PECENED INTEREST JOURNAL JOURNAL UNITED STATES TREASURY NOTE DUE 12/31/2006 3.000 3,000 ATM 310Ir2 TERM EEMENT UNITED STATES TREASURY NOTE DUE 03/31:2037 3.750 3 750 7 FITM RESALE UNITED STATES TREASURY NOTE DUE 12/ 1000 FEDERAL NATIONAL MTO ASSN SERIES 346 CLASS 1 RIM A2 DUE 11A. TERM MENT FEDERAL NATIONAL 1,11G ASSN SERIES 346 CLASS 1 DUE 11 MIMI -50,000.000 80,000.000 677.782 -677.782 80.000.000.00 49.875.000.00 37.752,60 473,000.00 ATM Al REPO A 027 04300 Si 1:24 001 V877 EFTA00196174

CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 23 )7 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPT1ON 0410846 JOURNAL FEDERAL NATIONAL MTO ASSN SERIES 346 CLASS 1 DUE 11 ATM A2 TERM MENT 04/08/05 JOURNAL FEDERAL NATIONAL MM ASSN SERIES 346 CLASS DUE 11Aiii r FILM Al REPO 0403/06 JOURNAL FEDERAL NATIONAL 1,116 ASSN SERIES 346 CLASS 1 DUE 1:11. RIM Al REPO 0410&06 JOURNAL UNITED TATES TREASURY NOTE FILM A2 4.000 , 15 TERM REPO AGREEMENT 04108/05 JOURNAL MATEO TREASURY NOTE F1TM Al 4.000 16 REPO AGREEMENT STMOWCUSIP FINANCIAL TRUST CO INC STATEMENT PERK* April 1.2005 THROUGH WI 29.2005 AccouNT NUMBER TAXPAYER WEEDER On Rile LAST STATEMENT March 31.2005 OUNCITif OMIT AMOUNT CREDIT AMOUNT 1.517,805 .1.089.333 .428A71 297,000.00 30.000.000 28.800.000.00 -70.000.000 67,660,000.00 04108/05 INTEREST IMMO STATES TREASURY NOTE DUE OAK. 4.000 RI n M REPO I 22,200,00 04/11105 JOURNAL FEDERAL NATIOALAL MTO ASSN SERIES 329 CLASS PO DUE 01/01/33 STRIP FILM imp Al REPO A -15,359.406 10.583.000.00 027 04,30,05:11:24 ROI Y877 EFTA00196175

CLEARED THROUGH ITS %MELLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 24 c? Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TIUNSACTION DESCRPRON 04/11/05 JOURNAL FEDERAL NATIONAL NM ASSN SERIES 329 CLASS PO DUE 01101/33 STRIP ATM A2 REPO 04/11/05 JOURNAL FEDERAL NATIONAL MTO ASSN SERIES 329 CLASS PO DUE 01101/33 STRIP ATM mop A3 REPO A 04/11+05 JOURNAL FEDERAL NATIONAL WO ASSN SERIES 329 CLASS PO DUE 01/01133 STRIP ATM A2 TERM MENT SYME/C1JCUSIP WARM' Calf AMOUNT 15.359.406 10,583,000 .00 FINANCAL TRUST CO INC STATEMENT PERIOD 1. 2005 THROUGH *11 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER On PIM LAST STATEMENT March 31.2005 CREDIT AMOUNT -15,359.406 10.583.000 00 15,359.406 11.902.000.00 04/11+05 JOURNAL FEDERAL NATIONAL MM ASSN SERIES 346 CLASS 1 DUE 11 ATM A2 TERM MENT 04/11+05 JOURNAL FEDERAL NATIONAL MTO ASSN SERIES 346 CLASS 1 DUE 11 ATM A2 TERM MENT 1.089,333 428.471 297.000.00 04111/05 JOURNAL FEDERAL NATIONAL WC ASSN SERIES 346 CLASS 1 DUE 11 ATM A2 TERM MENT 04/11105 JOURNAL FEDERAL NATIONAL 1110 ASSN SERIES 346 CLASS 1 DUE 11 ATM Al REPO A 5.083,557 3,608.000 .00 -6.601.362 4,553.000 .00 027 04300S:l 1:24 001 V877 EFTA00196176

CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 25 )./ Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRACE DATE DATE TRANSACTION DESORPTION 04/11105 JOURNAL GOVERNMENT NATIONAL MTO ASSN SERIES 2004-5 CLASS PS 4.100 • . FITM Al REPO A 04/11105 JOURNAL GOVERNMENT NATIONAL MM ASSN SERIES 2004-5 CLASS PS 4.100 FITM TERM MENT 0411:05 JOURNAL FEDL /OA WAN MIGOORPoSt0i09 SERIES 227 CLASS 10 FITM ITM 411." 134A2 TERM ForAIMMENT 04/11105 JOURNAL FEDL NOME LOAN MIG OCAP4S10709 SERIES 227 CLASS 10 5.000 WI FITM Al REPO A 04/11105 JOURNAL FEDL NOME LOAN MTG CORPoS 101 Oe SERIES 227 CLASS 10 5.000 WM FITM Al REPO A 04,11,05 JOURNAL FEDL NOME LOAN MI6 °CAPPS tOt 10 SERIES 228 CLASS 10 6.000 FITM AI REPO A 04 11 05 JOURNAL FEDL ACME LOAN MI6 00APaS10t10 SERIES 228 CLASS 10 6.00030. 5 FITM A2 TERM MENT FINANCIAL TRUST CO INC STATEMENT PERKO AP.11 1.2005 THROUGH *11 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER On FIN LAST STATEMENT March 31.2005 SYMODUCUSIP MANTON, 0193IT AMOUNT CREDIT Amour -22,100.003 2,142,000.00 ISM 22.100.000 2.601.000.00 11.163.178 -6.309.622 .4.853.556 1.143.000.00 .9.419.606 1,955,003.00 ISM 9.419,606 2,018.000.00 027 0430,0S:11:24 001 V877 EFTA00196177

CLEARED THROuGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 26 IJi Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEMEMENT TRADE DATE DATE TRANSACDON DESCRPRON SYMEMICUSIP GUMMY 01931T AMOUNT 04/11/05 INTEREST FEDERAL NATIONAL MTO ASSN 83.208.20 SERIES 329 CLASS PO STRIP DUE 01 0.000 FITM AZ REPO I 04/11105 INTEREST FEDERAL NATIONAL MTO ASSN SERIES 346 CLASS 1 DUE 1 Jill 0.000 ATM AZ REPO I 04711/05 INTEREST FEDERAL NATIONAL MTO ASSN SERIES 346 CLASS DUE 11 0.000 FITM AZ REPO I 04711/05 INTEREST GOVERNMENT NATIONAL MTO ASSN SERIES 2004-5 CLASS PS DUE 02/101. 4.100 FITM AZ REPO I 04/11/05 INTEREST FEDL HOME LOAN MTG 024iPt/StOt 10 SERIES 228 CLASS 10 DUE la* 6.000 FITM AZ REPO I 04/13/05 JOURNAL FEDL HOME LOAN MTG CORPOS10109 SERIES 227 CLASS 10 5.000 FITM TERM MENT 04/13/05 JOURNAL FEDL 104E LOAN MTO CORPHS10109 SERIES 227 CLASS 10 5.000 1034 FITM Al REPO A FINANCIAL TRUST CO INC STATEMENT PERIOD April 1. 2005 THROUGH April 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER ON PIM LAST STATEMENT March 31.2005 CREDIT AMOUNT 77.22 8.474.79 18.183.88 3.206.38 6.309,622 -3,882.844 027 04300S:11:24 001 .87? EFTA00196178

CLEARED 1.4ROuGH ITS viiiCti.v OW,*0 SUCISIOally BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. =Pm 27 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPRON 04/13105 JOURNAL FEDL NOME LOAN MTG CORP#S 10109 SERIES 227 CLASS 10 FSITAI MMAlair Al REPO 04/13/05 RECEIVED UNITED STATES TREASURY NOTE DUE 03+31/2007 3.750 3.750 INC FITM Al RESALE 04/13+05 DELIVERED UNITED STATES TREASURY NOTE DUE 03+31/2007 3.750 3.75011li c RIM A2 TERM EMENT 04/13/05 INTEREST UNITED STATES TREASURY NOTE DUE 03/.1 1.750 04114+05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 FSITM MNAllirA REPO 04114+05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 FIRM Diniali3456 TERM PAIMILIMENT 04 14 05 INTEREST FEDERAL NATIONAL MICI ASSN SERIES 353 CLASS 2 DUE 0731.i. 5.000 FIRM 86 REPO I STMEIWCUSIP I,Sean SPCmit' GoI FINANCa TRUST CO INC STATEMENT PERK* Aim' 1.2005 THROUGH April 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER On FIk LAST STATEMENT March 31.2005 °WRIT, OMIT AMOUNT CREDIT AMOUNT -2.426,778 556.000.00 60.000.000 60.300.000,00 -80.000.000 80.000.000.00 66.555,56 -18,763,230 3.500.000 .00 18,763,230 4.429.000 .00 5.628.52 027 04/3/1.05:11:24 001 1,1977 EFTA00196179

CLEARED THRouGH ITS OmED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 28 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRACE DATE DATE TRANSACTION DESCRPTTON SYMEICIALOSIP CVANTITT DEBIT AMOUNT CREDIT AMOUNT 04/15105 JOURNAL FEDERAL NATIONAL WC ASSN -15.850.794 11.174.000.00 SERIES 329 CLASS PO DUE 01101/33 STFUP FITM Cl REPO 04/15105 JOURNAL FEDERAL NATIONAL MTG ASSN 15,850.794 11.248.000 .00 SERIES 329 CLASS PO DUE 01101/33 STRIP FITM viEtZ TERM ENT 04/15105 JOURNAL FEDERAL NATIONAL MFG ASSN NNE 18,763.230 3,500.000 .00 SERIES 353 CLASS 2 5,000 FILM AZ TERM MENT 04/15105 JOURNAL FEDERAL NATIONAL MFG ASSN .18,763.230 4,211.000 00 SERIES 353 CLASS 2 5,000 FRM AI REPO 04/15..05 JOURNAL FEDL !the LOAN MTG Ca:Win10i 10 ININ -9.419.606 SERIES 228 CLASS 10 6,000 EISA Al REPO 04/15105 JOURNAL FEDL !CAE LOAN MTG OCAPeStOt 10 NNE 9.419,606 100.000,00 SERIES 228 CLASS I0 6,00031035 FILM AZ TERM AAENT 04/15105 JOURNAL FEDL !the LOAN MTG 0011PoSlOt 10 9.419,606 1.955.000.00 SERIES 228 CLASS I0 FINANCIAL TRUST CO INC STATEMENT PERKO April 1.2005 THROUGH April 29.2005 AccouNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT March 31.2005 6,0003.035 EISA A2 TERM MENT 027 0430,0S:11:24 001 Y877 EFTA00196180

CLEARED THROUGH ITS YAICU.Y OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 29 )7 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRACE DATE DATE TRANSACTION DESCRPRON SYMEMICLISIP QUANTITY DEBIT AMOUNT 04/15105 JOURNAL FEDL HOME LOAN MTG CORPaS10110 9.419.606 2,013,000.00 SERIES 228 CLASS 10 6.000 FITM 11.2 TERM MENT 04/15105 JOURNAL FEDL NOME LOAN MI6 CCAPeSt Ot 10 SERIES 228 CLASS 10 6.000 FITM 81 REPO A 04/I 5)05 INTEREST FEDERAL NATIONAL MFG ASSN 28.401.20 SERIES 329 CLASS PO STRIP DUE 013101. 0.000 FITM BZ REPO I 041 505 INTEREST FEDERAL NATIONAL I.110 ASSN 296.53 SERIES 353 CLASS 2 DUE 07110. 5.000 FITM AZ REPO I 04/15105 INTEREST FEDL NOME LOAN MTG OCAPt/StOt 10 135.56 SERIES 228 CLASS 10 DUE 010 6.000 FITM AZ REPO I 04/15105 INTEREST FEDL NOME LOAN MTG OORPOS101 to 679.91 SERIES 228 CLASS 10 DUE lit* 6.000 FITM A2 REPO I 04/15105 INTEREST FEDL HOME LOAN MIG CORPS 10710 5.082.82 SERIES 228 CLASS 10 FINANCIAL TRUST CO INC STATEMENT PERKO APOI 1.2005 THROUGH /Vol 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER On Ale LAST STATEMENT March 31.2005 CREDIT AMOUNT -18.839.11 3.665.000.00 DUE 0 6.000 FITM AZ REPO I 027 04300S:l 1:24 001 V877 EFTA00196181

CLEARED THROUGH ITS MIDIS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 30 CI Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEDLEMEN1 TRADE DATE DATE TRANSACRON DESORPTION Smectocuser OUANTITT men AMOUNT criEcor AMOUNT 04/18/05 JOURNAL MTN) STATES TREASURY NOTE 70.000.000 67,550,000,00 FITM pm A2 4,000 15 TERM REPO AGREEMENT 04/18105 JOURNAL USTE0 TA TE TREASURY NOTE -75.000.000 74.062.500.00 FITM Al 4,000 15 REPO AGREEMENT 04/18105 INTEREST UNITED STATES TREASURY NOTE 32,949,39 DUE 01111 4,000 FITM A2 REPO I 04/19105 JOURNAL UNITED SURY NOTE -60.000.000 59.100.000.00 FITM Al 4,000 5 REPO AGREEMENT 04/19/05 JOURNAL OWED SURY NOTE 75,000.000 74.062.500.00 FITM A2 4,000 15 TERM REPO AGREEMENT 04/19105 INTEREST UMTEO STATES TREASURY NOTE 822.92 DUE 02/ 4000 FITM A2 REPO I 04,20.05 JOURNAL FEDERAL NATIONAL MTO ASSN BIM -20,311.170 14.539.000.00 SERIES 352 CLASS 1 0F,M.0.14 IT001 Al REPO A 04.20,[05 JOURNAL FEDERAL NATIONAL 1,116 ASSN SIM 20,311.170 14.539.000.00 SERIES 352 CLASS 1 0F,M10034 IT001 A2 REPO A FINANCIAL TRUST CO INC STATEMENT PERKO April 1.2005 THROUGH WI 29.2005 AccouNT NUMBER TAXPAYER WEIDER On File LAST STATEMENT March 31.2005 027 04300S:11:24 001 V877 EFTA00196182

CLEARED THROUGH ITS YAIOU.Y OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 31 c, Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMDET TRADE DATE DATE TRANSACTION DESCRPRON 04/20/05 JOURNAL FEDERAL NATIONAL MIG ASSN SERIES 352 CLASS 1 0,001 1034 FIRM A3 REPO A 04/22+05 JOURNAL FEDL HOME LOAN PUG CORP#S10109 SERIES 227 CLASS D "00 10 . 4 FIRM 81 REPO A 0422+05 JOURNAL FEDL TOME LOAN hITGOORPOS10109 SERIES 227 CLASS 10 FSITM XIN 41. 1111134A2 TERM Fon igligMENT 04/22+05 JOURNAL FEDL TOME LOAN MTG CORP#S10110 SERIES 228 CLASS 10 6.0003.035 FIRM A2 TERM AAENT 04/22+05 JOURNAL FEDL TOME LOAN MTG GORPOSIO1I0 SERIES 228 CLASS 10 6,000 wows FIRM Al REPO A 0422+05 JOURNAL FEDL TOME LOAN MIG CORP1S10110 SERIES 228 CLASS D 6FITM .000 AI REPO A 0422+05 JOURNAL UNITED STATES TREASURY NOTE ATM j Al 4,000 15 REPO AGREEMENT 04/22+05 JOURNAL UNITED TALES TREASURY NOTE FIRM A2 4,000 15 TERM REPO AGREEMENT FINANCIAL TRUST CO INC STATEMENT REMO APE11 1.2005 THROUGH *11 29.2005 ACCOUNT NUMBER TAXPAYER ARARIER On FIk LAST STATEMENT March 31.2005 SYMBOL:VAR, °PARITY OMIT AMOUNT CREDIT AMOUNT -20.311,170 14.660.000 .00 -8.251.045 1,837.000 .00 NMI 8.251,045 2.032.000.00 NMI 9.419,606 NMI -6.593.724 -2.825.881 528.000.03 MIN -50.000.000 49.062.500.00 NMI 60.000.000 59.100.000 .00 02/ 0430,06:11:24 001 V877 EFTA00196183

CLEARED THROUGH ITS 2HICELY OME*0 SUBSIOMEn, BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. =Pm 32 FINANCIAL TRUST CO INC STATEMENT PERK* &N11 1.2005 THROUGH *11 29.2005 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SEDIMENT TRADE DATE DATE TRANSACTOR DESCRIPSON STLASCLCVSIP cumin? ACCOUNT NUMBER TAXPAYER NUMBER On FOS LAST STATEMENT March 31.2005 0031T AMOUNT CREDIT AMOUNT 04/22/05 INTEREST FEDL HOME LOAN MTG OCAP#S10109 3,471.33 SERIES 227 CLASS 10 DUE Il 5.000 RIM AZ REPO I 04/22105 INTEREST UNITED STATES TREASURY NOTE 7.633.75 DUE 021 4.000 ATM n REPO I 04/25105 JOURNAL GOVERNMENT NATIONAL MTO ASSN SIM 4.300.000 SERIES 2004-5 CLASS PS 3FITIN F)10. 33A2 TERM MENU 04/25105 JOURNAL GOVERNMENT NATIONAL MTO ASSN MIK -26.400.000 SERIES 2004-5 CLASS PS F3116° Al REPO A 04/25105 JOURNAL GOVERNMENT NATIONAL MTG ASSN MIK 22.100,000 2.142.000.00 SERIES 2004.5 CLASS PS 3FITIN R)1100 33A2 TERM MENT 04,25105 JOURNAL FEDL HOME LOAN MTG CORPoS10109 3.882,844 SERIES 227 CLASS 10 FSITM XIM TERM MENT 04 25 05 JOURNAL FEDL HOME LOAN MTG 00APdS10109 INN -1.456966 SERIES 227 CLASS 10 5.000 F1TM WI REPO A 027 04400S:11:24 001 .871 EFTA00196184

CLEARED THROUGH ITS YOICALY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 33 0 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT WADE DATE DATE TRANSACTION DESORPTION svuecajvuslP Cowan DENT AMOUNT CREDIT AMOUNT 04/25105 JOURNAL FEOL NOME LOAN MTG OORP#S10109 -2.426,778 536.000.00 SERIES 227 CLASS 10 FSITM MNAllirAl REPO 04/26105 INTEREST GOVERNMENT NATIONAL MTO ASSN 2.607.29 SERIES 2004-5 CLASS PS DUE 02:110 3.960 ATM A2 REPO I 04/2845 RECEIVED UNTIED STATES TREASURY NOTE 50.000.000 50.375.000.00 DUE 03:31/2007 3.750 3,750 Clikt7 RIM Al RESALE T 04/2845 DELIVERED LIMTE0 STATES TREASURY NOTE -60.000.000 60.300.000.00 DUE 03/31/2007 3.750 3,7501101C7Em FITM A2 TERM ENT 04/2845 INTEREST IMMO STATES TREASURY NOTE MIN 59 228,00 DUE 03/0 1760 CW29,65 JOURNAL MATEO TATES TREASURY NOTE 50.000.000 49.062.500.00 ATM A2 4.000 15 TERM REPO AGREEMENT 04/2945 JOURNAL UNITED 1 ASURY NOTE -60.000.000 59.400.000.00 FITM Al 4,000 15 REPO AGREEMENT 04/2945 DELIVERED UNITED STATES TREASURY NOTE -50.000.000 50.375.000 .00 FINANCIAL TRUST CO INC STATEMENT PERIOD RPM 1. 2005 THROUGH *11 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER ON PIM LAST STATEMENT March 31.2005 DUE 03/31/2007 3.750 3,75031.07 FITM A2 TERM EEMENT 027 0430,0S:11:24 001 EFTA00196185

CLEARED THROUGH ITS WHOLLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 34 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPTICIT SYMEICASCUSIP OUANTITY DEBIT AMOUNT CREPT AMOUNT moms 04/29105 INTEREST INTEREST UNITED STATES TREASURY NOTE DUE 027 4.000 FITM A2 REPO I TINTED STATES TREASURY NOTE DUE OW. 1.750 19.107.12 3.666.18 TOTAL S-S42.459.166.81 $636.827202.34 MISCELLANEOUS FINANCIAL TRUST CO INC STATEMENT PERK* )14ATI1 1.2005 THROUGH *11 29.2005 ACCOUNT NUMBER TAXPAYER NUMBER On PIM LAST STATEMENT March 31.2005 DATE MD DAY TRANSACTION DESCRIPTION DEPT AMOUNT CREPT AMOUNT 04//01/05 JOURNAL TO CMDY NC 301.525.00 04/07105 JOURNAL TO CMDY NC MIS 288.806.75 04106/05 JOURNAL FR CMDY NC 61.362.50 04/11105 JOURNAL FR CMDY NC 118.787.50 04/12/05 JOURNAL FNMA-3OYR(FNMAKiTO 290.625.00 SETT.O41O5 6.000 DUE 04101/35 MBS NET 04/12/05 04/13/05 JOURNAL MAR 05 SPEC CLEARING FEES 9.150.00 04/13/05 JOURNAL FNMA 3OYR OTD 554.882.81 SETT, 04/05 5.000 DUE 04101/36 MBS NET 04/13/05 04/13/05 JOURNAL FNMA 3OYR OTD 228.125.00 SEM 04/05 5.500 DUE 04101/35 MBS NET 04/13105 027 0430,0S:11:24 001 sa177 EFTA00196186

CLEARED THRouGH ITS ynipsY CpmED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 35 0 Transaction Detail (continued) MISCELLANEOUS (continued) DATE won TRANSACTOI DESCRIPTION MINT AMOUNT CREPT MAPINT 04/14105 JOURNAL TO CADY AC 319,187.50 04/14105 DELIVERED FRM 700.000.00 TRIP POOL 0021445 COUPON 5.0000 FINANCING NET PAIRCfF DIFF 04/14105 RECEIVED FEDERAL NATIONAL MTO ASSN SERIES 353 CLASS 2 5.000 DUE 07/01/34 DUE 07 00 TRIP POOL 0021445 COUPON 5,0000 700.000.00 04/IS:OS JOURNAL FNMA-I SYR(FNMA-15)010 SER.04/05 4.500 DUE 41/20 MBS NET 04/15105 125.000.00 04/18/05 JOURNAL TOCMDYAC 348.087.50 04/1845 JOURNAL FMMA-15YR(FNMA-15)611) 221.875.00 SETT.0445 5.500 DUE 04/01/20 MBS NET 04/18/05 04,2005 RECEIVED FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0.001 DUE 07/01/34 DUE 07mh»nu n n01 TRIPS POOL 0021422 COUPON 0,0000 121.000.00 FINANCIAL TRUST CO INC STATEMENT PERIOD April 1.2005 THROUGH April 29.2005 AccouNT NUMBER TAXPAYER ALIMER On File LAST STATEMENT Mardi 31.2005 027 04300S:11:24 001 Van EFTA00196187

CLEARED THROuGH ITS MIDAS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. FINANCIAL TRUST CO INC 36 /,/ Transaction Detail (continued) MISCELLANEOUS (continued) DATE CDAY TRANSAG11,1 DESCRIPTION DEBIT AMOUNT CREPT AMOUNT 04/20105 DELIVERED FEDERAL NATIONAL MTO ASSN 121.000,00 SERIES 352 CLASS 1 0,001 DUE 07101/34 DUE 07/01/2034 0,001 FITLI 1452191 TRIPS POCt 0021422 COUPON 0,0000 04/22/05 JOURNAL REV ENTRY 2.905 30.973,04 04/22/05 JOURNAL 04 TREAS REBATE A0 2-9 30.973,04 04/22/05 JOURNAL FR CMOY ANC 146,575,00 04/27105 JOURNAL FR CMOY ANC 21.412,50 04/2905 JOURNAL TO CMDY A/C 270.062.50 TOTAL 92.804.417.29 $2204.993.35 Trades Executed Pending Settlement SETTLEI.IEN1 TRADE DATE DATE TRANSACTION OESCRETION 05/02105 04/27105 BOUGHT GOVERNMENT NATIONAL MTO ASSOC SIMEID.CUSP SERIES 2004-041 CLASS SE ISO 57160000 BS STATEMENT PERK* April I. 2005 THROUGH April 29.2005 ACCOUNT NUMBER TAXPAYER AMBER On File LAST STATEMENT Minn 31.2005 CAW/MY Pala DEBIT AMOUNT 16073.792,00 7,1562 1.099.871,82 CREW AAIDUNT 05/02105 04/28/05 SOLD UNITED STATES TREASURY N3TE • 03,625% AO 30 . 0 MATURITY GVER REF # GI181006 Al -50.000.000 00 100,0546 50.037.194 .29 027 0.300501:24 ON V87/ EFTA00196188

CLEARED THROUGH ITS YAIOU.Y omeo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 37 c? Trades Executed Pending Settlement (continued) sentEMENT DATE TRADE DATE TRANSACT/3N 05/12/05 03/31105 BOUGHT 05/12)05 04/12)05 BOUGHT 0912105 04107/05 SOLD 05/1 2/05 03/31105 BOUGHT 05/12/05 04/12/05 BOUGHT 05/12/05 04/07105 SOLD DESCRIPTION FNMA-30YR(FNMA)GID SETT.OSt00 01111105.000% 57140000 BS FNMA-30YR(FNMA)GID SETT.05/04 0. 00105.000% 57300000 BS FNMA-30YR(FNMAJOID SETT.05/04 57220000 BS FNMA-30YR(FNMAJOID SETT.0S/0S 57150000 BS FNMA-3cnitFNMAAID SETT 05:05 05.500% 57400000 BS FNMA-30YR(FNMA)G1D SETT 05f0S 05.500% 57210000 BS TOTAL The thew *eon cti not ewers on eny other eaten o1 lee stelemert FINANCIAL TRUST CO INC STATEMENT PERIOD RPM 1.2005 THROUGH April 29.2005 ACCCUNT NUMBER TAXPAYER ARAMER On Pile LAST STATEMENT Mirth 31.2005 SiM80..CuSP 0.:ANNT. PRICE DEBIT AMOUNT CREPT AlKUNT 20.000.000.00 97.4921 19.498.437.50 20.000.000.00 98.1328 19.626.562.50 .40.000.000 ,00 97.9218 39.168,750 ,00 20.000.000.00 99.8906 19.978.125.00 20.000.000.00 100.3750 20.075.000.00 -40.003.000 ,00 100.2578 40.103.125 .00 580.277.996.82 $129.309.069.29 027 04/30,06:11:24 001 Y077 EFTA00196189

CLEARED IHROLGH ITS wHOLLY °MED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEEISITE wmv.bearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 6 Trades Not Yet Settled 35 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD LONG ACCRUED INTEREST NET CREDIT BALANCE 3,335,615 57,993 77,668 1111111111111I Ill I 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 Equvralenr 777.668 NET EQUITY THIS PERIOD $3,471,276 NET EOUITY LAST STATEMENT 1,517,425 CHANGE SINCE LAST STATEMENT 1,953,851 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. 1336.828 Fated Income ft 11.175.677 MO Current market value gag Last statements market value 13.335.615 FINANCIAL TRUST CO INC STATEMENT PER100 Wirth 1.2005 THROUGH Mint 31.2005 ACCOUNT NUMBER TAXPAYER MAWR On Pile LAST STATEMENT PeOrualy 28.2005 SIM 1W6 PordurY la dOsmaxdol psrposes only I Is net derided anti, dcarnta staternsd should Do marled for your worth Soo worn Sofa- monad reconorum 027 0601.136:09:09 001 Y876 EFTA00196190

CLEARED 'THROUGH 05 WHOLLY 00AE0 SUBSIDMA7 FINANCIAL TRUST CO INC 2 oi 4o STATEMENT BACKER IS PRINTED ON THIS PAGE 021 0.01650970 001 7870 EFTA00196191

CLEARED IHRCUGH ITS WHOLLY odhco SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 3 C/ Cash Flow Analysis THIS PEPI00 Income Summary MS PERI@ YEAR TO DATE Opening Balance Securities Sold Dividends Interest Miscellaneous Amount Credited $336,827.64 956,588,364.34 992,974.47 2,751,164.59 $960,332,503.40 U.S. Govt. Bond Int. Govt. Agency Int. Corp. Bond Int. Credit Balance Int. Reverse Repurchase Int. Total 178.611.89 693.096.31 120.062.77 1.203.50 323.157.29 $1 316 131.76 2.510.456.45 2.022.336.00 375,012.07 1,960.00 826,531.30 $5 736 295.82 Securities Bought -955,829.656.15 Bond Purchase Int. -1.309.848.42 -3.500,285.37 Dividends/Interest Charged -1,309.848.42 Repurchase lnt. Exp. -177.727.19 -400,692.42 Miscellaneous -3,452.158.93 Amount Debited $-960.591.663.50 Portfolio Composition Net Cash Activity -259.160.10 CashtCash Equivalent 77.668 ClosingBatance $77,667.54 Fixed Income 3.335,615 Total $3.413.283 Cash Balance Summary OPENS' Margin 336.827 64 CLOSING 77,667.54 Net Cash Balance $336,827.64 $77.667.54 027 O4,0u05:09:49 001 FINANCIAL TRUST CO INC STATEMENT PERIOD March 1.2005 THROUGH March 31.2005 ACCCUNT NUMBER TAXPAYER AMBER On File LAST STATEMENT February 28.2005 Your Portfolio Allocation Cash & Equivalent 2% UnsPa0aLl imams deo* debt beano, anot, shy, market yews he alocabon perceenne is clewed Korn to absolute marital value of 1/876 EFTA00196192

CLEARED THROUGH ITS WHOU.Y onne0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 4 Your Portfolio Holdings CASH & CASH EQUIVALENTS ciiisceenou CASH BALANCE TOTAL CASH & CASH EQUIVALENTS $77&68 SOTTECL CLSIP /MPXET ESTIMATED [LAPIN( OIJANTITT PACE VALUE NWJAL IntWE )E101%) 77.668 FIXED INCOME Government & Agency Obligations DESCRIPTION s•idect.c.usa ACC- TYPE CLU.% • PRICE 1AARKET VALLE ACCRUED /MEREST ESTIAMED ANM.M1 iNCOME CURFEW' YEW IV FEDERAL NATIONAL MTG ASSN SERIES 2003.49 CLASS SW DATED DATE 04/30/03 BOOK ENTRY ONLY DUE 01/25/2033 4.150% FACTOR — $4826993 FEDL HOME LOAN MTG CORP#S10110 SERIES 228 CLASS 10 DATED DATE 0201/05 BOOK ENTRY ONLY DUE 02/01,2035 6.000% FACTOR — .97552156 Total Government& Agency Obligations MRGN MRGN 13.326.665 9,755.215 8.3078 1.107.158 22.8438 2.228.457 $3,335,615 9217 48.776 557.993 553,057 585.313 $1.138.370 49.9529 26.2654 TOTAL FIXED INCOME $3.335.615 $57,993 $1.138.370 YOUR PORTFOLIOHOLOINGSACCRUED INTEREST $57.993 YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME $1,138,370 YOUR PRICED PORTFOLIOHOLDINGS $3.413283 FINANCIAL TRUST CO INC STATEMENT PERK* March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER MAWR OR File LAST STATEMENT Feminine 28.2005 027 IMOIMS:ISMS 001 '.870 EFTA00196193

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 5 Repurchase and Reverse Repurchase Transactions with Bear,Stearns& Co.Inc.outstanding as of date of statement PLOCHASEr RENFINAFF PRICING PURCHASE PRICE; ACCRUED REPO CAMAITITY START DATE DATE PATE PRINCPAL MEREST* (FACE AMOUNT) CUSP DESCRIPTOR CLEARED 1.4ROuGH ITS viiiCti.v OMEO SUCISIOally Beer Szer FINANCIAL TRUST CO INC STATEMENT PERKO March 1.2005 THROUGH Muth 31.2005 Acccurn NUMBER TAXPAYER IMMER On He LAST sTATEmENT February 28.2005 YOU SOLD GOVERNMENT NATIONAL MTG ASSOC (REPO) 01/13/05 04/11/05 2.860 -2,601,000 -16.117 -22.100,000 SERIES 2004-5 CLASS P 4.1000 02/20/33 YOU SOLD FANNIEMAE STRIP (REPO) 01/13/05 04/11/05 2.860 -11.902,000 -73.752 -30.000,000 SERIES 329 CLASS PO 12/01/32 YOU PROVIDED FEDERAL NATIONAL MTG ASSOC (MARGIN) 02/07/05 OPEN 0.000 -50.000,000 SERIES 2003-13 CLASS 5.1500 03/25/33 YOU SOLD FANNIEMAE STRIP (REPO) 03/14/05 04/11/05 3.020 -3,608,000 -5.448 -7.000,000 SERIES 346 CLASS PO 11(01/33 YOU SOLD FANNIEMAE STRIP (REPO) 03/16(05 04/15/05 3.030 -11.248,000 -15.147 -30,959,779 SERIES 329 CLASS PO 12/01/32 YOU SOLD FREDDIEMAC STRIP (REPO) 03116/05 04/15/05 3.030 -2,013,000 -2.710 -10.000,000 SERIES 228 CLASS 10 6.0000 02/01(35 YOU PROVIDED FANNIEMAE STRIP (MARGIN) 03/21/05 OPEN 0.000 -2.090.000 SERIES 346 CLASS PO 11/01/33 YOU SOLD USTR 4.0000 02/15/15 (REPO) 03/22/05 OPEN 1.990 -28.800.000 -15.120 -30.000.000 YOU SOLD FREDO1EMAC STRIP (REPO) 03/22/05 04/11/05 2.860 -2.018.000 -1.603 -10.000.000 SERIES 228 CLASS 10 6.0000 02/01/35 YOU SOLD FEDERAL HOME LOAN STRIP (REPO) 03/23/05 04/22/05 2.050 -2.032.000 -1.041 -8,500,000 SERIES 227 CLASS 10 5.0000 12/01/34 YOU PROVIDED FEDERAL HOME LOAN STRIP (MARGIN) 03/23/05 OPEN 0.000 -11,500,000 SERIES 227 CLASS 10 5.0000 12/01/34 027 D.01.06:09:49 001 Y876 EFTA00196194

CLEARED THROUGH ITS MICELY CMY.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 6 C/ 4(1 Repurchase and Reverse Repurchase Transactions (continued) with Bear,Stearns& Co.inc.outstanding as of date of statement (continued) MACHU& REPURCHASE PRONG PURCHASE MCC ACCRUED REPO GUMMY START DATE DATE PATE PRINCIPAL MEREST* (FACE AMOUNT) CUSP DESCRIPTOR FINANCIAL TRUST CO INC STATEMENT PERIOD March 1.2005 THROUGH March 31.2005 ACCCUNT NUMBER TAXPAYER MAUER On Flk LAST STATEMENT Pebuary 28. 2005 YOU PROVIDED FANNIEMAE STRIP (MARGIN) 03/28/05 OPEN 0.000 -910,000 SERIES 346 CLASS PO 11/01133 YOU PROVIDED GOVERNMENT NATIONAL MTG ASSOC (MARGIN) 03/29/05 OPEN 0.000 -4.300,000 SERIES 2004-5 CLASS P 4.1000 02/20/33 YOU SOLD FANNIE MAE STRIP (REPO) 03/30/05 04/15/05 3.050 -4.429.000 -750 -20.000.000 SERIES 353 CLASS 10 5.0000 07/01/34 YOU SOLD FREODIEMAC STRIP (REPO) 03/30/05 04/15/05 3.050 -100.000 -16 -10.000.000 SERIES 228 CLASS 10 6.000002/01/35 YOU BOUGHT USTR 3.0000 12:31/D6 (REVERSE) 03/21/05 OPEN 2.380 49.875.000 37.752 50.000.000 TOTAL REVERSE REPURCHASE TRANSACTIONS $49.875.000 $37.752 TOTAL REPURCHASE TRANSACTIONS 5-68.751.000 5.131104 'As c ILVVroaell <WO Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSACTOR 03/01/05 02/28/05 SOLD DESCRIPTION UNITED STATES TREASURY BONDS 05.375% FA 15 . MATURITY OVER REF # 00591007 Al STMEICECU5P OVAMire pr.cE .3D00.000 109.72266 ACCR. INT. DEER AMOUNT CMCAT ATFOUNT 3,291,679.69 6.236.19 027 01.0105:09:49 001 •.876 EFTA00196195

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 7 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION DESCRIPTION SY1A3011CUSV QUANTITY PRCE Mier AMOUNT CHEM AMOUNT 03/01/05 JOURNAL FEDERAL NATIONAL MTG ASSN -1 SERIES 346 CLASS I DUE 1001/33 03/02/05 03/01/05 BOUGHT UNITED STATES TREASURY NOTE 10.000,000 96.92188 9.692,187.50 04,000% FA 15 ACCR. INT. 16.574.59 MATURITY REF # 60601000 Al 03/02/05 03/01/05 SOLD UNITED STATES TREASURY NOTE -10,000,000 96.89063 9,689,062.50 04 00051 FA 15 ACCR. INT. 16,574.59 MATURITY GYER REF # 00601005 Al 03/04/05 03/03/05 BOUGHT UNITED STATES TREASURY NOTE MI= 10.000.000 96.95313 9,695,312.50 04,000% FA 15 ACCR. INT. 18.784.53 MATURITY AVER REF # G062t002 Al 03107/05 03/04/05 SOLD UNITED STATES TREASURY NOTE -5.000.000 97.11719 4,855,859.38 04,000% FA 15 ACCR. INT. 11,049.72 MATURITY AVER REF # G0631009 Al 03109/05 03/08/05 BOUGHT UNITED STATES TREASURY NOTE 10.000.000 96.95313 9.695.312.50 04,000% FA 15 ACCR. INT. 24.309.39 MATURITY AVER REF # 0067! 033 Al 03109/05 03/08105 SOLD UNITED STATES TREASURY NOTE MEM 5 000 000 96.96875 4,848,437.50 04.000% FA 15 ACCR. INT. 12,154.70 0 iJATuRinr GVER REF #60671016 Al CLEARED THROuGH ITS wilEtLY CAM,E0 SUBSIOMAY Beer Ster T FINANCIAL TRUST CO INC STATEMENT PERIOD March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER NUMER OR Fee LAST STATEMENT February 28.2005 021 04,01.05:09:4S 001 V876 EFTA00196196

B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 8 o Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 03/14/05 03/03/05 CANCEL SELL 03/14/05 03/04/05 BOUGHT 03/14/05 02/03/05 CANCEL SELL 03/14/05 02/10/05 CANCEL SELL 03/14/05 03/01/05 CANCEL SELL 03/14/05 02/17/05 BOUGHT OESCRPTION FNMA 30YR. GM s SEIT, 03/05 05.500% 7590000 AS OF 03103/05 TO CM. PREVIOUS SELL FNMA 30YR. GM SETT, 03/05 immo 05,500% 57110000 FNMA 30YR. GM iimos SETT, 03/05 05.500% 7710000 AS OF 02103/05 TO CM. PREVIOUS SELL FNMA 30YR. GTO 05.500% 7610000 AS OF 02/10105 TO CM. PREVIOUS SELL FNMA 30YR. GTO SETT, 03/05 05.500% 57140000 AS OF 03/01105 TO CA. PREVIOUS SELL FNMA 30YR. GM SETT, 03/05 11.005.500 , 57360000 BS CLEARED THROUGH ITS WIIC(LY OMS*0 SUBSIDIARY Beer Szewn Tir FINANCIAL TRUST CO INC STATEMENT PERIOD March 1.2005 THROUGH Marsh 31.2005 ACCOUVT NUMBER TAXPAYER BANNER OR Ale LAST STATEMENT Februiuy 28.2005 STMEOLCUSE CATMINT PRICE DEBIT AMOUNT CABO MONO 10.000.000 100.81641 10,081,640.63 BS 10.000.000 101.06250 10.106.250 00 BS EMI 10,000,000 101.51563 10,151,562.50 BS 10.000.000 101.67188 10.167.187.50 BS 15.000.000 100.68750 15.103.125.00 BS 15 000.000 101.55859 15,233,789.06 021 040i.05:09:0 001 V876 EFTA00196197

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 9 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 03/14/05 02/09/05 BOUGHT 03/14/05 03/03/05 SOLD 03/14/05 03/04/05 CANCEL BUY 03/14/05 02/03/05 SOLD 03/14/05 02/10/05 SOLD 03/14/05 03/01/05 SOLD 03/14/05 02/17/05 CANCEL BUY DESORPTION FNMA 30YR. GM ISS .505.500% 7310000 FNMA 30YR. GTO SETT, 03/05 05.500% 57590000 FNMA 30YR. DID SETT, 03/05 05.500% 57110000 AS OF 03/04105 TO CM. PREVIOUS BUY FNMA 30YR. GM SETT, 03/05 05,500% 7710000 FNMA 30YR. GM SETT, 03/05 cum% 7810000 FNMA 30YR. GM SETT, 03/05 111.105.500% 57140000 FNMA 30YR. GTO SETT, 0305 001100105.500, 67360000 AS OF 02/17105 TO C)3. PREVIOUS BUY CLEARED THROUGH ITS MELLY EIDS*0 SUBSIDIARY Reef Sear FINANCIAL TRUST CO INC STATEMENT PERK* March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER MAGER On Fee LAST STATEMENT February 28.2005 SYMBEVOUSP GUMMY PRICE DEBIT AMOUNT GRECO AMOUNT 20,000,000 101.82422 20,364,843.75 BS -10,000,000 100.81641 10.081.640.63 BS -10,000,000 101.06250 10.106.250.00 BS -10,000,000 101.51563 10,151,562.50 BS 10.000.000 101.67188 10.167.187.50 BS VIM -15.000.000 100.68750 15.103.125.00 BS -15.000.000 101.55859 15,233,789.06 BS 021 04,01.05:09:40 001 .876 EFTA00196198

B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 10 c? 4:r Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 03/14/05 02/09/05 CANCEL BUY 03/14/05 03/01/05 CANCEL SELL 03,14,05 03,03:05 CANCEL SELL 03/14/05 03/04/05 BOUGHT 03/1405 02/03,105 BOUGHT 03/1405 02/17/05 BOUGHT CESCRPTION FNMA 30YR. GTO SETT, k 03/05 05.500% 7310000 AS OF 02/09/05 TO CXL PREVIOUS BUY FNMA-30YRIFNMAIGTD SETT.03105 1.005.003 ,. 57060000 AS OF 03/01/05 TO CXL PREVIOUS SELL FNMA-30YR(FNMA)GTD SETT.03/05 000505.000,:: 7650000 AS OF 0310345 TO CXL PREVIOUS SELL FNMA-30YR(FNMA)GTD SE T.0305 0.0005.0Co3v: 57120000 FNMA-30YR(ENMA)GTO SETT.03,05 05.000,4 57750000 FNMA 30YR(FNMA)GTO SETT.03 05 05.000 . 57300000 CLEARED THROuGH ITS YiNCtLY CAM,E0 SUBSIDIARY Beer Sear T FINANCIAL TRUST CO INC STATEMENT PERIOD March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER 'UMBER OR Ale LAST STATEMENT Pedals). 28.2005 SYMOOLCUSIP 0.10/4111Y PRCE DEW AMOUNT VIEW AMOUNT -20,000,000 101.82422 20,364,843.75 BS 10.000.000 98.35156 9.835,156.25 BS 10,000.000 98.53516 9.853.515.63 BS MEI 10.000,000 98.77734 9.877,734.38 BS 10 000.000 99.43750 9,943,750.00 BS 10.000.000 99.54297 9,954,296.88 BS 02/ 0401.05:09:49 001 7876 EFTA00196199

CLEARED THROUGH ITS YOICtLY 01MAED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 11 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTOR OESCRPTION STMEIEL.CuSA OVANTry PACE DEBIT AMOUNT CRECIT AMOUNT 03/14/05 03/14/05 03/14/05 03/14/05 03/14/05 01/14/05 02/10/05 03/01/05 03/03/05 03/04/05 02/03/05 02/17/05 CANCEL SELL SOLD SOLD CANCEL BUY CANCEL BUY CANCEL BUY FNMA-30YR(FNMA)G1D SET .03105 1.11.15 °576.0700 0000 96 BS AS OF 02/10/05 TO CXL PREVIOUS SELL FNMA-30YR(FNWOGTO SETT.03105 57060000 BS FNMA-30YR(FNWOGTD 00#1.5 SEITMICIS °5.°00% 7650000 BS FNMA-30YR(FNWOGTO SET .03105 05.000% 57120000 BS AS OF 03/04105 TO CA. PREVIOUS BUY FNMA-30YR(FNWOGTO SETT.03/05 010.11 5057;0: 00 0%0 as AS OF 02/03/05 TO CM. PREVIOUS BUY FNMA-30YR(FNMAJGTO SETT.03 os VIM 10,000.000 -10.000,000 -10,000,000 -10.000,000 -10.000,000 -10.000.000 99.73828 98.35156 98.53516 98.77734 99.43750 99.54297 9.973.828.13 9,835,156.25 9,853,515.63 9,877,734.38 9.943.750.00 9.954.296.88 FINANCIAL TRUST CO INC STATEMENT PERKO March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER NUTA3ER On File LAST STATEMENT February 28.2005 05,000 57300000 BS AS OF 0217 OS TO CXL PREVIOUS BUY 027 01101.05IYA49 001 .R7e EFTA00196200

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 12 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 0314/05 02/10/05 SOLD 03/14/05 02/03/05 BOUGHT 03/14/05 02/09/05 CANCEL SELL 03/14/05 02/03/05 CANCEL BUY 03/14/05 02/09/05 SOLD 03/14/05 03/11/05 SOLD 03/14/05 03/11/05 BOUGHT OESCEM'TION FNMA-30YR(FNMA)GID SETT43105 05400% 7670000 BS FNMA 30YRIFNMATGTD SETT, 03/05 06,000% 7730000 BS FNMA 30YR(FNMA) GTD SETT, 03/05 010. 506.00014 7340000 BS AS OF 024945 TO CM. PREVIOUS SELL FNMA 30YR(FNMA) GTD SETT. 03/05 06400% 7730000 BS AS OF 02/03105 TO CxL PREVIOUS BUY FNMA 30YRIFNMATGTD SETT. 03/05 0110 5 06.000% 7340000 BS FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS I 0000I% 57110000 BS UNITED STATES TREASURY NOTE 03.125% II 31 3. MATURITY GVER REF # 00701010 Al CLEARED THRouGH iTs Tempi:, GMT*/ SUEISIOTAny Beer Styr Tir T FINANCIAL TRUST CO INC STATEMENT PERK* Marsh 1.2005 THROUGH Minh 31.2005 ACCOUST NUMBER TAXPAYER AMBER On File LAST STATEMENT February 28.2005 STIIEKVCUSP GUMMY PRICE DEBIT AMOUNT GRECO AMOUNT -10,000,000 99.73828 9,973,828.13 20,000,000 103.01563 20403,125.00 20,000,000 103.18750 20437,500.00 -20,000,000 103.01563 20,603,125.00 -20.000.000 103.18750 20.637.500.00 -4.978.135 76.45313 3.805.940.34 8.000.000 98.94531 7,915,625.00 ACCR. NT. 29.005.52 027 0•01.06.49:49 001 7876 EFTA00196201

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 13 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION DESCATTION 10.180..CIISP Gowan' viva DEBIT AMOUNT CREPT AMSUNT 03/15/05 03/14/05 BOUGHT UNITED STATES TREASURY NOTE 25.000.000 98.80078 24,700,195.31 03,000% JD 30 ACCR. INT. 153,314.92 . MATURITY GVER REF # 60731012 Al 03/16/05 03/14/05 SOLD FEDERAL NATIONAL MTG ASSN MEI -7,882.556 77.21875 6,086,811.75 SERIES 329 CLASS PO STRIP 01 1111/57300000 BS 03/16/05 03/14/05 BOUGHT FEDL HOME LOAN MTG CORP#510110 MEI 9.755,215 22.78125 2.222.360.05 SERIES 228 CLASS 10 06,00054 ACCR. INT. 24.38204 57200000 BS AS OF 03/14105 ACCRUES CH 1ST. PAYS ON 25TH 03/16/05 03/15/05 SOLD UNITED STATES TREASURY NOTE _10.000,000 95.67188 9,567,187.50 04,000% FA 15 ACCR. INT. 32,044.20 MATURITY GVER REF # 60741007 Al 03/18/05 03/16/05 SOLD FEDERAL NATIONAL MTG ASSN MEI -2,979,264 77.59375 2,311,723.34 SERIES 346 CLASS 1 iii57230000 BS 03/18/05 JOURNAL FEDERAL NATIONAL MTG ASSN MEM -1 SERIES 329 CLASS PO DUE 01/01/33 STRIP ADJUST POSITION 03/21/05 03/18,105 BOUGHT UNITED STATES TREASURY NOTE 25,000.000 98.84375 24,710,937.50 03,000% JD 30 ACCR. INT. 165,745.86 . 0 MATURITY GVER REF # 60771013 Al CLEARED THROuGH ITS valCsLY 0‘1T,*0 SUBSIO4ARY Beer Steam. SO •it' • FINANCIAL TRUST CO INC STATEMENT PERK* March 1.2005 THROUGH Much 31.2005 ACCOUVT NUMBER TAXPAYER MAKER On File LAST STATEMENT February 28.2005 021 0401.05:09:46 001 V676 EFTA00196202

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 14 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACT/DR OESCRPTION SYMBISUCLISTP civomily Pma TAXPAYER K1. ER On Fie LAST STATEMENT PeOrtliVy 28.2005 DEBIT AMOUNT GRECO ANCTUNT 03/21/05 03/18/05 BOUGHT UNITED STATES TREASURY NOTE 50.000.000 98.84375 49,421,875.00 JO 30 ACCR. INT. 331,491.71 Ri MATURITY GvER REP it 0077i0t3 Eti 03/21/05 03/18/05 BOUGHT UNITED STATES TREASURY NOTE 50,000,000 98.84375 49,421,875.00 03,000% JO 30 ACM. INT. 331,491.71 MATuRITY GYER REe#60771013 CI 03/21/05 03/18/05 BOUGHT UNITED STATES TREASURY NOTE 13,000,000 95.98047 12.477.460.94 04,000% FA 15 ACCR. NT. 48,839.78 MAIVRITY GYER REF e 60771006 Al 03/21/05 03/18105 BOUGHT UNITED STATES TREASURY NOTE IMO 13.000,000 96.03125 12.484.062.50 04,000% FA 15 ACCR. INT. 48,839.78 0 MATuRITY GYER REF # 60771000 Al 03/21/05 JOURNAL EDERAL NATIONAL MTG ASSN -1 SERIES 346 CLASS 1 WE teal/33 03/22/05 03/18/05 SOLD FEDERAL NATIONAL MTG ASSN -14.252.296 25.62500 3,652,150.94 SERIES 353 CLASS 2 iiii 5057,104000000 % ss ACCR. INT. 41,569.20 ACCRUES ON 1ST. PAYS ON 25TH 03/22/05 03/18105 BOUGHT FEDL HOME LOAN MTG CORP#S10110 MIS 9.755.215 22.48438 2,193,399.26 SERIES 228 CLAS0S71.0108000% 6 000 ss ACCR. NT. 34,143.25 CLEARED THROuGH ITS ?RIMY (AM,ED SUBSIDIARY Beer Roe) Tir T FINANCIAL TRUST CO INC STATEMENT PERK* Meat 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER ACCRUES ON 1ST. PAYS ON 25TH 021 0401.05:09:49 001 V876 EFTA00196203

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 15 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACT/3N 03/22/05 03/21/05 SOLD DESCRIPTION UNITED STATES TREASURY NOTE 04.000% FA 15 . 0 MATURITY OVER REF # 60801006 Al MVOS 03121;05 SOLD FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 05,000% 57270000 BS ACCRUES CH 151. PAYS ON 25TH 03/23/05 03/21/05 BOUGHT FEDL HOME LOAN MTG CORP#S10110 SERIES 228 CLASS 10 06.000% 57310000 BS ACCRUES ON 1ST. PAYS ON 25TH 03/24/05 JOURNAL FEDL HOME LOAN MTG CORP#510109 SERIES 227 CLASS 10 5,000 DUE 12/01/34 ADJUST POSITION 03128/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 01/01/33 STRIP PAIN RID 02-05 ND 03-25-05 REPO P 81 0.0000 0328/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO WE 01/01/33 STRIP PAIN RID 02-05 ND 03-25-05 REPO P 8I 0.0000 03/28/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO WE 01/01/33 STRIP PAIN RID 02-05 ND 03-25-05 REPO P 8I 0.0000 SOA80..CLISP OVANTITY -26.000,000 PRICE 95.82813 ACCR. INT. CLEARED THROUGH ITS MELLY EIDS*0 SUBSIDIARY Reef S;Bun FINANCIAL TRUST CO INC STATEMENT PERK* March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER 'UMBER On File LAST STATEMENT FebruEuy 26.2005 DEBIT AMOUNT CREC0 AMOUN1 24,915,312.50 100,552.49 -14.252,296 25.93750 ACCR. INT. 3.696.689.37 43.548.68 9.755,215 23.03125 ACCR. NT. 2.246.748.09 35.769.13 1 199.741.03 238.243.25 285.891.90 021 04010509:4S 001 Y876 EFTA00196204

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 16 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION OESORPTION SiM130...CuSP °WITT PLACE DEBIT AMOUNT CPEDIT ATAOUNT 0328/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN .241.672 SERIES 2003-49 CLASS SW 4,350 DUE 01/25/33 PRINCIPAL REDUCTN 03-25-05 03/28305 PRINCIPAL FEDERAL NATIONAL MTG ASSN 12,62220 SERIES 346 CLASS 1 WE 11/01/33 PAIN RID 02-05 ND 03-25-05 REPO P 8I 0.0000 0328/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 25.244.40 SERIES 346 CLASS WE 11/01/33 PRIN RID 02-06 ND 03-25-05 REPO P 81 0.0000 03/28/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 59,227.25 SERIES 346 CLASS WE 11/01/33 PRIN RID 02-05 PM 03-25-05 REPO P 81 0.0000 03128/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 97.093.85 SERIES 346 CLASS WE 11/01/33 PAIN RID 02-06 PN 03-25-05 REPO P 81 0.0000 03/28/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 85.727.46 SERIES 352 CLASS 0.001 DUE 07/01/34 NUN RID 02-06 ND 03-25-05 REPO P 81 0.0000 03/30/05 03/28/05 SCLO FEDERAL NATIONAL MTG ASSN -14.252.296 26.34375 3,754,589.32 SERIES 353 CLASS 2 ACCR. MT. 57,405.08 CLEARED THROuGH ITS wHOtLY CAM,E0 SUBSIOMTve Beer Stea•nb SO •it' • FINANCIAL TRUST CO INC STATEMENT PERIOD March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER NUMER CD File LAST STATEMENT February 28.2005 7120000 BS ACCRUES ON 1ST. PAYS ON 25111 021 0401.05:09:4S 001 V876 EFTA00196205

CLEARED THRouGH ITS YAICU.Y OmnE0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 17 0 4:r Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION DESCRIPTION ST1.1001XUSIP °WHINY FOCE DEBIT AMOUNT CFECCT A/hOcter 03/30/05 03/31/05 03/28/05 BOUGHT FEDL HOME LOAN MTG CORP#S10110 SERIES 228 CLASS 10 10111115 067.10100 0000 96 BS ACCRUES ON 1ST. PAYS ON 25TH JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5.000 DUE 07/01,34 9,755.215 23.90625 ACM. INT. -1 2,332,106.23 47.150.21 TOTAL 5-412A06.610.51 $273.687.675.03 INTEREST DATE DESORPTION STMEOALTSIP OuMffilY RATE IST DENT AMOUNT CREO11 AMOUNT 03/01/05 03/15/05 03/15/05 03/21/05 AVG BAL 860.06ORT 1.799 021 OFFICE INTEREST 0205 FEDL HOME LOAN MTG CORP#S10109 NMI SERES 227 CLASS 10 DUE 12/01/2034 5.000 INT RID 02-05 P,D 03-15-05 REPO P &I sp000 FEDL HOME LOAN MTG CORP#510109 SERIES 227 CLASS 10 DUE 12/01/2034 5,000 INT RID 02-05 P,D 03-15-05 REPO P &I 5.0000 GOVERNMENT NATIONAL MTG ASSN SERES 2004-5 CLASS PS DUE 02/20/2033 4.351 INT RID 02-05 P,D 03-20-05 REPO P SI 4.3518 5.0000 5.0000 4.3510 027 OA.ONO5:O9:49 001 1.203.50 24,673.31 57,571.07 15.594.20 Yralt FINANCIAL TRUST CO INC STATEMENT PERO° March 1.2005 THROUGH March 31.2005 AcccuNT NUMBER TAXPAYER WEISER On hie LAST STATEMENT PeOcuag 28.2005 EFTA00196206

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 18 Transaction Detail (continued) INTEREST (continued) CLEARED THROuGH ITS yinCELY ODY*0 MJEINDany Beer Siewn FINANCIAL TRUST CO INC STATEMENT PERK* March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER WESER On File LAST STATEMENT Fetuses)/ 28.2005 DATE DESCRIPTION STMECUOUSIP OUNIRITY RATE PE DEBIT AMOUNT CREDIT AMOUNT 03/21/05 GOVERNMENT NATIONAL MTG ASSN 4.3510 63,827.43 SERIES 2004-5 CLASS PS DUE 02/20/2033 4951 TNT RID 02-05 PA) 03-20-05 REPO P 8I 49518 03/21/05 GOVERNMENT NATIONAL MTG ASSN 4.3510 80,146.94 SERIES 2004-5 CLASS PS DUE 02/20/2033 4,351 INT RID 02-05 PA) 03-20-05 REPO P 8I 49518 03/28/05 FANNIE MAE CMOSERIES 2003-13 5.3500 120,062.77 S RCA-I/0 RTR DUE 03/25/2033 5950 INT RID 02-05 PA) 03-25-05 REPO P 8I 59500 03/28/05 FEDERAL NATIONAL MTG ASSN 4.3500 49.1&5.22 SERES 2003.49 CLASS SW DUE 01/25/2033 4950 INTEREST PAYMENT 03-25-05 03/28/05 FEDERAL NATIONAL MTG ASSN 5.0000 119.803.93 SERIES 353 CLASS 2 DUE 07/01/2034 5,000 INT RID 02-05 PA) 03-25-05 REPO P 8I 59000 03/28/05 FEDERAL NATIONAL MTG ASSN IMO 5.0000 139,771.25 SERES 353 CLASS 2 DUE 07/01/2034 5900 INT RID 02-05 PA) 03-25-05 REPO P 8I 59000 TOTAL $671,839.62 027 OAOI XIS:09:4S 001 Y878 EFTA00196207

CLEARED THROuGH ITS MOST ORRED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 19 c? 4:I Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stearns& Co. Inc. SETILEMENT TRADE DATE DATE TRANSACTION DESCRPECII SIDAEICtiCUSIP WNW( DEBIT AMOUNT CREDO' AMOUNT 03/01/05 JOURNAL UNITED TATE TREASURY BONDS 3,000,000 3,322,500.00 ATM A2 5.375 1 TERM REPO AGREEMENT 03/01/05 INTEREST UNITED STATES TREASURY BONDS 1,568.04 DUE 02/11. 5,375 NM A2 REPO I 0304;05 JOURNAL GOVERNMENT NATIONAL MTG ASSN 4.300.000 SERIES 2004-5 CLASS PS 4.351 RIM r2 TERM MENT 03/04/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN MEM -4.300.000 444.000.00 SERIES 2004.5 CLASS PS FITM AI 4.351 *U REPO A 03/04/05 JOURNAL UNITED EASURY NOTE 30.000.000 29.475.000.00 FITM 52 4,000 , 15 TERM REPO AGREEMENT 03/04/05 JOURNAL UNITED EASURY NOTE -40.000.000 38,800,000.00 FRM Al 4.000 15 REPO AGREEMENT 03/04/05 INTEREST UNITED STATES TREASURY NOTE 23,645.50 DUE OA. 4,000 RIM n REPO I 03/07/05 JOURNAL UNITED TATES TREASURY NOTE -35,000.000 34.125.000.00 NM Al FINANCIAL TRUST CO INC STATEMENT PERIOD MUM 1.2005 THROUGH MUER 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On Pile LAST STATEMENT February 28.2005 4.000 15 REPO AGREEMENT 027 0401.05.09y1S 001 Y876 EFTA00196208

CLEARED THROUGH ITS WIICtLY omeo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 20 c! 4: Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT DATE 03/07/05 TWEE DATE TRANSACTION JOURNAL DESORPTION UNITED TATES TREASURY NOTE FITM A2 4.000 15 TERM REPO AGREEMENT 03/07/05 INTEREST UNITED STATES TREASURY NOTE DUE 023111. 4,000 FITM n REPO I 01/09M5 JOURNAL FITM UNITED EASURY NOTE 52 15 TERM REPO AGREEMENT 01/09M5 JOURNAL UNITED EASURY NOTE FITM Al 4.000 15 REPO AGREEMENT 01/09X15 DELIVERED UNITED STATES TREASURY NOTE DUE 01/31/2007 3,125 3.125)11(7 w RIM A2 TERM ENT 03/09/05 RECEIVED UNITED STATES TREASURY NOTE DUE 01/31/2007 3,125 3,125 7 FIN A3 TERM ENT 01/09/05 INTEREST UNITED STATES TREASURY NOTE DUE 02/101. 4,000 FITM A2 REPO I 03/09/05 INTEREST UNITED STATES TREASURY NOTE DUE OW/ 1,125 SVIABEIJCUSIP OVANTITY 40,000.000 DEBIT AMOUNT 38.800.000.00 FINANCIAL TRUST CO INC STATEMENT PERK* Mann 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On PIM LAST STATEMENT February 28.2005 CREDIT AMOUNT 1.584.33 35.000.000 34,125,000.00 -40,000.000 38.500.000.00 -8.000.000 7.990.000.00 8,000,000 7.990.000.00 2.644.69 5.166.87 027 0401.05:09:4S 001 V876 EFTA00196209

CLEARED THROUGH ITS MICALY ONT.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 21 0 4:I Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TMIDE DATE DATE TRATISACRON DESCRPRON SYMEMJCUSIP CAMMily DEIST AMOUNT CREW' AMOUNT 03/09/05 INTEREST UNITED STATES TREASURY NOTE 5.166.87 DUE 011 3.125 ATM A3 RESALE 03/10/05 JOURNAL FEDERAL NATIONAL MTG ASSN -11,014,443 7.646.000.00 SERIES 329 CLASS PO DUE 01101/33 STRIP ATM Al REPO AIM. 03,10/05 JOURNAL FEDERAL NATIONAL MTG ASSN 11.014.443 8.514.000.00 SERIES 329 CLASS PO DUE 01101/33 STRIP FMA RIFIRM AI TERM NT 0310105 JOURNAL FEDERAL NATIONAL MTG ASSN VIM -13,137.594 9,120,000.00 SERIES 329 CLASS PO DUE 01101/33 STRIP ATM Al REPO Si 03/10/05 JOURNAL FEDERAL NATIONAL MTG ASSN 13.137.594 9.695.000.00 SERIES 329 CLASS PO DUE 01101/33 STRIP TE RRA RM ENT 03/10/05 JOURNAL FEDERAL NATIONAL MTG ASSN Miff 3.180.365 SERIES 346 CLASS 1 DUE II, ATM A2 TERM MENT 03/10/05 JOURNAL FEDERAL NATIONAL MTG ASSN -3.180.365 2,202,000.00 SERIES 346 CLASS 1 DUE I 1 FITM lip Al REPO A FINANCAL TRUST CO INC STATEMENT PERK* March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On Pile LAST STATEMENT Febuary 28.2005 027 0:01.05:09:49 001 EFTA00196210

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. =Pm 22 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION STMBOL,CvStp WWII/ DEBIT AMOUNT CREDIT AMOUNT 03/10/05 JOURNAL FEDERAL NATIONAL MTG ASSN -4,978,135 3,395,000.00 SERIES 352 CLASS 0,001 FFONT r Al REPO A 03/10/05 JOURNAL FEDERAL NATIONAL MTG ASSN 4,978,135 3.784.000.00 SERIES 352 CLASS 1 0.001 FITM AZ TERM MENT 03/10/05 INTEREST FEDERAL NATIONAL MTG ASSN 7.486.69 SERIES 329 CLASS PO STRIP DUE Oj 0.000 ATM AZ ai REPO I 03/10/05 INTEREST FEDERAL NATIONAL MTG ASSN 18.475.38 SERIES 329 CLASS PO STRIP DUE 01 0,000 FITM AZ REPO i 03/10/05 INTEREST FEDERAL NATIONAL LOG ASSN 8,211.28 SERIES 352 CLASS 1 DUE 07.0. 0.001 NM AZ REPO i 03/14 ,05 JOURNAL FEDERAL NATIONAL MTG ASSN -5,213.713 3.608.000.00 SERIES 346 CLASS I DUE 11. FiTM Al REPO A 03/14/05 JOURNAL FEDERAL NATIONAL MTG ASSN MIK 5,213,713 3,972,000.00 SERIES 346 CLASS 1 DUE I1Rill e ATM AZ TERM MENT CLEARED THROuGH ITS VASCO.? OMT,*0 SURSIOIARY Beer Siert. Se •it' • FINANCIAL TRUST CO INC STATEMENT PERK* March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER WIRIER On File LAST STATEMENT Fetnia4 28.2005 07/ 0401.0593:49 001 'Ws EFTA00196211

CLEARED THROuGH ITS IMICALY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 23 ci 4: Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETILEMENT WADE DATE DATE TRANSACTION DESCRIEMON SYLABC1JCUSIP OMMITIN DEBIT AMOUNT CREDIT AMOUNT 03/14/05 JOURNAL FEDERAL NATIONAL MTG ASSN 4,978,135 3,395,000.00 SERIES 352 CLASS 1 0,001 4 FITM 31.2 TERM MENT 03/14/05 DELIVERED UNITED STATES TREASURY NOTE MIS -8,000,000 7.990.000.00 DUE 01/31,2007 3,125 3,125)01/11,7 FITM A4 TERM AGREEMENT 03/14/05 INTEREST FEDERAL NATIONAL MTG ASSN MIS 8.311.41 SERIES 346 CLASS 1 DUE Ili. 0,000 FITM A2 REPO I 03/14/05 INTEREST FEDERAL NATIONAL MTG ASSN 1,131.67 SERIES 352 CLASS 1 DUE 071. 0,001 FITM A2 REPO I 03/14/05 INTEREST UNITED STATES TREASURY NOTE 7.739.20 DUE 01/ 3125 RIM A4 RESALE oatist5 JOURNAL GOVERNMENT NATIONAL MTG ASSN .300.000 SERIES 2004-5 CLASS PS 4,351 FITM AI REPO 0315;05 JOURNAL GOVERNMENT NATIONAL MTG ASSN 4,300,000 444,000.00 SERIES 2004-5 CLASS PS FINANCAL TRUST CO INC STATEMENT PER000 March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT PeOruaty 28.2005 4,351 K 111 FITM A2 TERM ENT 027 0401.135:09A1S 001 Y876 EFTA00196212

CLEARED THROUGH ITS YITIOlLY °MED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 24 c? 4: Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TIMISACRON DESORPTION SYMECLOCUSIP °GAMIN DEBIT AMOUNT CREDIT AMOUNT 03/15/05 RECEIVED UNITED STATES TREASURY NOTE 175,000,000 174,562,500.00 DUE 12/31/2006 3,000 3,000 FITM Al RESALE T 03/15/05 DELIVERED UNITED STATES TREASURY NOTE MIN -200,000.000 200.000.000.00 DUE 12/31/2006 3,000 3,000 FITM RW2 TERM EEMENT 03/15/05 INTEREST GOVERNMENT NATIONAL MTG ASSN 400.22 SERIES 2004-5 CLASS PS DUE 4,351 FRM A2 REPO I 03/15/05 INTEREST UNITED STATES TREASURY NOTE DUE I Z. i ,000 243,944.44 03/16/05 JOURNAL FEDERAL NATIONAL MTG ASSN 11,014,443 7,646,000.00 SERIES 329 CLASS PO DUE 01101/33 STRIP FRM Mr A2 TERM MENT 03,16,05 JOURNAL FEDERAL NATIONAL MTG ASSN NNE 13,137,594 9,120,000.00 SERIES 329 CLASS PO DUE 01/01/33 STRIP ATM air A2 TERM MENT 03,16,05 JOURNAL FEDERAL NATIONAL MTG ASSN -16,269.480 11.248.000.00 SERIES 329 CLASS PO DUE 01t01/33 STRIP FINANCIAL TRUST CO INC STATEMENT PERIOD Match 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On Fda LAST STATEMENT PeOEUEUX 28.2005 ATM 81 REPO A 027 0401.05:0:49 001 Y876 EFTA00196213

CLEARED THROUGH ITS YiliCtLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 25 c! 4: Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRACE DATE DATE TRANSACTION DESORPTION SYMBOLCvStP Gummy DEBIT AMOUNT CREDIT AMOUNT 03/16/05 JOURNAL FEDL HOME LOAN MTG CORP#S 10110 -9.755,215 2,013,000.00 SERIES 228 CLASS 10 6Fam ,000plair m REPO 03/16/05 JOURNAL UNITED EASURY NOTE -30.000.000 28.650.000.00 FITM Al 4,000 15 REPO AGREEMENT 03/16/05 JOURNAL UNITED EASURY NOTE 40.000.000 38.500.000.00 FITM A2 4,000 15 TERM REPO AGREEMENT 0316/05 INTEREST FEDERAL NATIONAL MTG ASSN MEN 3.823.00 SERIES 329 CLASS PO STRIP DUE 013.0. 0,000 FITM A2 REPO I 0316/05 INTEREST FEDERAL NATIONAL MTG ASSN 4.560.00 SERIES 329 CLASS PO STRIP DUE 01,10 0,000 FITM A2 REPO I 03/16/05 INTEREST UNITED STATES TREASURY NOTE 6.684.03 DUE 02:1110 4,000 FITM A2 REPO I 03/18105 JOURNAL FEDERAL NATIONAL MTG ASSN NMI .201.100 SERIES 346 CLASS 1 DUE 11 FITM IMF Al REPO A FINANCIAL TRUST CO INC STATEMENT PER000 March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On Pole LAST STATEMENT Fehruant 28.2005 027 0401A3S:09:4S 001 'WE EFTA00196214

CLEARED THROUGH ITS ORY.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 26 4:I Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETILEMENT TRACE DATE DATE TRANSACTION DESCRIPTION STIAEICIJCUSIP CUMIN DEBIT AMOUNT CREDIT AMOUNT 03/18/05 JOURNAL FEDERAL NATIONAL MTG ASSN 3,180,365 2,202,000.00 SERIES 346 CLASS I DUE II FITM A2 TERM ENT 03/18/05 INTEREST FEDERAL NATIONAL MTG ASSN MI= 1,468.00 SERIES 346 CLASS 1 DUE 11t 0,000 FITM A2 REPO I 03/21/05 JOURNAL FEDERAL NATIONAL MTG ASSN 201.100 SERIES 346 CLASS I DUE IAS I FITM A2 TERM MENT 01,21/05 JOURNAL FEDERAL NATIONAL MTG ASSN -1.556.665 SERIES 346 CLASS DUE I I FITM Al REPO A 01,21/05 JOURNAL FEDERAL NATIONAL MTG ASSN MIK 1.355.565 1.000.000.00 SERIES 346 CLASS DUE II FITM A2 TERM ENT 01,21/05 RECEIVED UNITED STATES TREASURY NOTE 50.000.000 49.875.000.00 DUE 12131/2006 3,000 F3ITM .000 l Al RESALE T 03/21/05 DELIVERED UNITED STATES TREASURY NOTE -175.000.000 174.562.500.00 DUE 12/31/2006 3,000 FINANCIAL TRUST CO INC STATEMENT PER000 March 1.2005 THROUGH Mirth 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT Psalm/ 28.2005 3,000 FITM AWL TERM EEMENT 027 0401.05:09:4S 001 Y876 EFTA00196215

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. =Pm 27 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASETRANSACTIONS SETTLEMENT DATE 03/21/05 TRADE DATE TRMISACSON DESORPTION JOURNAL UNITED TATE TREASURY NOTE ATM A2 4.000 15 TERM REPO AGREEMENT (continued) 01+21/05 JOURNAL UNITED EASURY NOTE ATM Al 4,000 15 REPO AGREEMENT 03/21/05 INTEREST FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE 11r 0.000 FILM A2 REPO I 03P21/05 INTEREST UNITED STATES TREASURY NOTE DUE I21.1 1.000 03/21/05 INTEREST UNITED STATES TREASURY NOTE DUE 02:111. 4.000 ATM A2 REPO I 03/22/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004.5 CLASS PS 4100 RIM A2 TERM MENT 03/22/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004.5 CLASS PS 4.100 FITM Al REPO A 03/22/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5.000 FFONT Al r REPO A CLEARED THRouGH ITS OMY*0 SUBSIOTAIly Beer Sten. Se •it' • FINANCIAL TRUST CO INC STATEMENT PER000 March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER MAGER On Edo LAST STATEMENT Febuary 28.2005 SYTABIELGyMP I:COMM DEBIT AMOUNT CREDIT AMOURS' 30.000.000 28,650,000.00 EWE .56,000.000 53.830.000.00 MEM 1.926.67 MI= 71,473.65 WEE 10.035.46 MEM 4.300.000 MEM -4,300,000 427..000.00 14252,296 3.322.000.00 021 0401.05:09:49 001 Yeas EFTA00196216

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. =Pm 28 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) CLEARED THROuGH ITS wisCtLY CAM,E0 SUBSIDIARY Beer Stea•nt. Se •it' • FINANCIAL TRUST CO INC STATEMENT PERK* Mirth 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER OR PIM LAST STATEMENT Pebruaiy 28.2005 STATEMENT TRADE DATE DATE TRANSACTION DESCRPTICH STMEICLCVSIP DEBIT AMOUNT CREDIT AMOUNT 03/22/05 JOURNAL FEDERAL NATIONAL MTG ASSN 14,252.296 3,322,000.00 SERIES 353 CLASS 2 ovNTin 5 . 00 0 FITM . i 1 rn REPO A 03/22/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 Ai FITM AS REPO A 03/22/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 lai RIM r A3 REPO A 03/22/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5.000 SW RIM A4 REPO A 03/22/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5.000 FITM RIMIC36 TERM ENT 03/22/05 JOURNAL FEDL HOME LOAN MTG CORP#S 10110 SERIES 228 CLASS 10 6,0001.35 FITM Al REPO 03/22/05 JOURNAL F111 E 4 II EASURY NOTE A l 4 R ,000 Is REPO AGREEMENT 03/22/05 JOURNAL UNITED EASURY NOTE RIM A2 4.000 15 TERM REPO AGREEMENT -14,252,296 3.322.000.00 -14,252,296 3.400.000.00 14,252,296 3,400,000.00 28,504.592 6,406,000.00 -9.755,215 2.018.000.00 -30.000.000 28.800.000.00 56.000.000 53.830.000.00 027 0.01.05:09:4S 001 '.876 EFTA00196217

CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 29 c? 4: Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRACE DATE DATE TRANSACTION DESCRPTION 03/22/05 INTEREST FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 DUE 07111. 5.000 FITM B6 REPO I 03/22/05 INTEREST UNITED STATES TREASURY NOTE DUE 02t 4.000 FITM A2 REPO I 03/23/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 FIRM 0.111134A6 TERM MENT 03/23/05 JOURNAL FEDL HOME LOAN MTG CORP#510109 SERIES 227 CLASS 10 FSIT114 "0 310KA2 TERM ENT 03/23/05 JOURNAL FEDL HOME LOAN MTG CORP#510109 SERIES 227 CLASS 10 5.000 FITM 30. 34A2 TERM MENT 03123/05 JOURNAL FEDL HOME LOAN MTG CORP#S 10109 SERIES 227 CLASS 10 5,000 W FITM A 1 REPO A 03/23/05 JOURNAL FEDL HOME LOAN MTG CORP#510109 SERIES 227 CLASS 10 5.000 lai FITM A r REPO A SIMADDUICUSIP OVANTITT MIT AMOUNT 34,606.64 FINANCIAL TRUST CO INC STATEMENT PERIOD March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER NUmBER On File LAST STATEMENT February 28.2005 CREDIT AMOUNT 3,887.72 14.252.296 3,322,000.00 13,731.183 5.884.792 -11,279,186 -8.336.790 2.032.000.00 027 0401.05:09:49 001 .876 EFTA00196218

CLEARED THROUGH ITS MOST ORY.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 30 c? 4: Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SET1LEIAENT TRACE DATE DATE TRANSACTION DESORPTION 03/23/05 INTEREST FEDERAL NATIONAL MTG ASSN SERIES 353 CUSS 2 DUE 07310 5,000 FITM A6 REPO I 03/28/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE 11 FRM A2 TERM MENT 03/28/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 346 CUSS 1 DUE 11 FITM Al REPO A 0312&05 INTEREST FEDERAL NATIONAL MTG ASSN SERIES 346 CUSS 1 DUE 1 Jai 0,000 FITM A2 REPO I 03/29/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 4,100 FITM Al REPO 03/29/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 4,100 FRAM R111.2 TERM MENT 0329,05 INTEREST GOVERNMENT NATIONAL MTG ASSN SERIES 2004.5 CLASS PS DUE 02i 4.100 FITM A2 REPO I STMDECCUSIP OUNGITY CENT AMOUNT 263.91 FINANCAL TRUST CO INC STATEMENT PERIOD Mann 1.2005 THROUGH MUM 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT February 28.2005 CREDIT AMOUNT 677.782 500,000.00 .677.782 1.135.56 -4.300.000 4.300.000 427 000 00 253.23 027 0401.135:09:4S 001 'We EFTA00196219

CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 31 c! 4:I Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEMENOrt TRACE DATE DATE TRANSACTION DESCRIPTION 03/30/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 ATM W1 REPO A 03/30/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 FITM W32 REPO A 0380/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5.000 FITM B3 REPO A 0380r05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 11.1 ATM 84 REPO A 03.30105 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 FITM W35 REPO A 03.30105 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 IT FI14 WAtt TERM MENT 033005 JOURNAL FEDL HOME LOAN MTG CORP#S 10110 SERIES 228 CLASS 10 6,000 FITM REPO A FINANCIAL TRUST CO INC STATEMENT PERIOD March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT February 28.2005 SYMBOLCVSP OUAARITY MINT AMOUNT CREDIT AMOUNT 49.003061 4.429.000.00 SIM 19.003.061 4,429,000.00 -19,003,061 4.429.000.00 19.003,061 4,429,000.00 -19.003.061 4.429.000 00 EMI 33,255.358 7,351,000.00 Mit -9.755,215 100,000.00 027 0401.05:09:4S 001 0876 EFTA00196220

CLEARED THROUGH ITS MICELI? ORY.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 32 0 4: Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SERLEMENT TOLE DATE DATE TRANSACTION DESCRIGTH 03/30/05 JOURNAL FEDL HOME LOAN MTG CORP#S 10110 SERIES 228 CLASS 10 6,000 FITM Marl REPO A 03/30/05 JOURNAL FEDL HOME LOAN MTG CORP#S 10110 SERIES 228 CLASS 10 6,000 FITM W2 REPO A 0380/05 JOURNAL FEDL HOME LOAN MTG CORP#S10110 SERIES 228 CLASS 10 6,000 M ir F1TM A3 REPO A 0380ros JOURNAL FEDL HOME LOAN MTG CORP#S10110 SERIES 228 CLASS 10 6,000 FILM REPO A 03/30/05 INTEREST FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 DUE 073110 5000 FITM A4 REPO I SYMEICIECvStP FINANCIAL TRUST CO INC STATEMENT PERKO March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER WARIER On File LAST STATEMENT Fenian/ 28.2005 COWIN DEBIT AMOUNT CREDIT AMOUNT -9.755,215 2,062,000.00 9.755,215 2.062.000.00 -9.755215 9,755,215 35,623.76 TOTAL 5544.732.894.06 5683,221,824.16 MISCELLANEOUS DATE 1.13GAT TRAAISACTEN DESCRIPTOR 03/09/05 DELIVERED 20653766 ISILIPON 4.0000 FINANCING NET PAIROFF DBE DEBIT AMOUNT CTECIT 189.59 027 0.01.05:09:49 001 '.876 EFTA00196221

CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 33 0 4: Transaction Detail (continued) MISCELLANEOUS (continued) DATE MOAT TRANSACTCN 03/11/05 JOURNAL DESCADMON FNMA 30YR. GTD SETT. 03/05 5.500 DUE 03101 /35 MEG NET 03/11/05 DEBITAMOUNT CREW MOUNT 201,367.18 03/11/05 JOURNAL FNMA-30YR(FNMA)GTD SER.03105 5.000 DUE 03/01/35 MBS NET 03/11/05 113.281.25 03/14/05 JOURNAL FNMA 30YR(FNMA) GTD SETS, 03/05 6.000 DUE 03/01/35 MEG NET 03/14/05 34,375.00 03/15/05 JOURNAL FEB 05 SPEC CLEARING FEES 03/21/05 JOURNAL 5.450.00 TO CMDY AIC 892.060.50 03/22/05 JOURNAL FR CMDY 34.812.50 03/22/05 RECEIVED FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5.000 DUE 07101/34 DUE 07/01+2034 5.000 16362 TRIP POOL 0021445 COUPON 5,0000 78.000.00 03/22/05 DELIVERED FEDERAL NATIONAL MTG ASSN 78.000.00 SERIES 353 CLASS 2 5.000 DUE 0701/34 DUE 07,01:2034 5.000 T 0916370 TRIP PCO. 0021445 CCUPCN 5,0000 03/23/05 JOURNAL FR CMDY AC 267,100.00 03/24/05 JOURNAL FR CMDY At 03/28/05 JOURNAL 98,562.50 FR CMDY 6.462.50 FINANCIAL TRUST CO INC STATEMENT PERK* March 1.2005 THROUGH Mirth 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT PeOnnity 28.2005 027 0601.05:09:49 001 V876 EFTA00196222

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 34 Transaction Detail (continued) MISCELLANEOUS (continued) DATE MaIMT TIRMISACTION DESCRIPTION EMTAMOUNT CREMT AMOUNT 03/29/05 JOURNAL FR CMDY NC 69,662.50 03/30/05 RECEIVED FEDL HOME LOAN MTG CORP#S10110 100,000.00 SERIES 228 CIASSIO 6,000 DUE 02+01/35 DUE 02 1191YNc A n00 STRIP POOL 0034145 COUPON 6,0000 03/30/05 RECEIVED FEDL HOME LOAN MTG CORP#S10110 2.062.000.00 SERIES 228 CLASS* 6.000 OUE 0201:35 DUE 02 OD CSTRIP POD.. 0034145 CCUPCN 6.0000 03.+30/05 DELIVERED FEDL HOME LOAN MTG CORP#S10110 100,000.00 SERIES 228 CLASS 10 6.000 DUE 02101.35 DUE OZfTl9n3c x000 STRIP POOL 0034145 COUPON 6,0000 03/30/05 DELIVERED FEDL HOME LOAN MTG CORP#S10110 2.062.000.00 SERIES 228 CIASSIO 6,000 DUE 02+01/35 DUE MAT1191YLc a n00 STRIP POOL 0034145 COUPON 6,0000 TOTAL 3-3,452,158.93 $2,751,164.59 CLEARED IHROuGH ITS viiiCti.v OW,*0 SUCISIOally Beer &ter FINANCIAL TRUST CO INC STATEMENT PERK* March 1.2005 THROUGH Minh 31.2005 ACCOUNT NUMBER TAXPAYER MAKER On File LAST STATEMENT February 28.2005 027 C40145:09:0 001 Y876 EFTA00196223

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 35 Trades Executed Pending Settlement SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION 04/01/05 03/31/05 BOUGHT 04/01/05 03.31/05 SOLD 04/01/05 03/31/05 SOLD 04/13/05 03/14/05 BOUGHT 04/13/05 03/15/05 BOUGHT 04/13/05 03/16/05 BOUGHT 04/13/05 03/21/05 BOUGHT UNITED STATES TREASURY NOTE 03,000% JD 30 0 MATURITY GVER REF # G0901002 Al UNITED STATES TREASURY NOTE 03,750% MS 31 0 MATURITY GVER REF Ft 60901006 Al UNITED STATES TREASURY NOTE 03,750% MS 31 0 MATURITY GVER REF # G0901006 81 FNMA 30YR GTD SETT, 04105 00100.06.000% 57280000 BS FNMA 30YR GM SETT, 04105 05,000% 57140000 BS FNMA 30YR GTD SETT, 04105 101.1105,000% 57130000 BS FNMA 30YR GTD SETT, 04/05 05.000% 57140000 BS CLEARED THROuGH ITS wisE0.11 OUT,*0 SUBSIOTAlly Reef Siva rr 'if FINANCIAL TRUST CO INC STATEMENT PERK* March 1.2005 THROUGH March 31.2005 ACEOUST NUMBER TAXPAYER MAKER On File LAST STATEMENT February 28.2005 SYMBOL:CU-MP °WIN PRICE DEBIT AMOUNT CREC0 WONT 50.000.000.00 98.7304 49.742.306.20 Mir -30.000.000.00 99.9140 29.977.292.52 Mil -50.000.000.00 99.9140 49.962.154.20 10.000.000.00 97.7109 9.771.093.75 VIM 20.000.000.00 97.5781 19.515.625.00 11111 5.000.000.00 97.9335 4,896,679.69 EMI 40.000.000.00 97.7500 39.100.000.00 027 04LOIXIS:09:4S 001 2876 EFTA00196224

B STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 36 Trades Executed Pending Settlement (continued) SETTLEMENT TRADE DATE DATE TRANSACTION CESOMPTION 04/13/05 03/30/05 BOUGHT 041 3105 03/08/05 SOLD 04/13/05 03/08/05 SOLD 04/13/05 03/09/05 SOLD 04/13/05 03/09/05 SOLD 04/13/05 03/14/05 SOLD 04/13/05 03/18/05 SOLD STMOOLCUSE> CLEARED TiTRoue,' ITS %%Ore ERMCD SCUMMY', Beer Sown id FINANCIAL TRUST CO INC STATEMENT PERIOD March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER NUEIBER On File LAST STATEMENT Febnialy 28.2005 CAMA/TITY PR CE DEBIT AMOUNT CPECKI AMOuNI FNMA 30YR GTD 50.000.000.00 97.3984 48,699,218.75 SETT, 04105 57320000 BS FNMA 30YR GTD SETT 04105 05,000% 58030000 BS FNMA 30YR GTD SETT, 04105 05.000% 57670000 BS FNMA 30YR GTD SETT, 04105 10100105000% 57380000 BS FNMA 30YR GTD SETT, 04,.05 05,000% 57320000 BS FNMA 30YR GTD SETT, 04105 57080000 BS FNMA 30YR GTD SETT, 04/05 7000000 BS -10.000.000.00 98.4687 9.846.875.00 -20.000.000.00 98.5312 19.706.250.00 -15.000.000.00 97.9218 14,688,281.25 -20.000.000.00 97.9921 19,598,437.50 -20.000.000.00 97.6562 19,531,250.00 -20.000.000.00 97.9101 19,582,031.25 027 041)0165:09:4S 001 Y8713 EFTA00196225

B STUR URNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 37 c? 4:I Trades Executed Pending Settlement (continued) CLEARED THROUGH ITS WHOM.? (AMC/ SUBSIDIARY Beer Sier FINANCIAL TRUST CO INC STATEMENT PERK* March 1.2005 THROUGH Marsh 31.2005 ACCOUNT NUMBER TAXPAYER WhISER On Ale LAST STATEMENT EMNUEly 28.2005 SETTLEMENT DATE TRADE DATE TRANSACTION DESORPTION SM100.,CuSP OuANTITY AXE DEOIT AMOUNT CREPT AlKuNT 04/13/05 03/18/05 SOLD FNMA 30YR GTD -20.000.000.00 97.9218 19.584.375.00 SETT, 04105 57050000 BS 04/13/05 03/14/05 BOUGHT FNMA 30YR GTD 5.000.000.00 100.1328 5.006.640.63 SETT 04105 05,500% 57290000 BS 04/13/05 03/16/05 BOUGHT FNMA 30YR GTD NMI 5.000.000.00 100.2656 5,013,281.25 SETT, 04105 larnitiii05,500% 57240000 BS 04/13/05 03/29/05 BOUGHT FNMA 30YR GTD 20.000.000.00 101.4843 20.296.875.00 SETT, 04105 Itaill05,500% 57130000 BS AS OF 03/29/05 04/13/05 03/30/05 BOUGHT FNMA 30YR GM 35.000.000.00 99.8125 34.934.375.00 SETT 04105 05,500% 57390000 BS 04/13/05 03/29/05 CANCEL BUY FNMA 30YR GM NMI 20.000.000.00 101.4843 20,296.875.00 SETT, 04105 57130000 BS AS OF 03/29/05 04/13,05 03/08/05 SOLD FNMA 30YR GTD -10.000.000.00 100.7070 10.070.703.13 SETT, 04105 58150000 BS 027 DAV 06.49:49 001 '.876 EFTA00196226

CLEARED THROUGH ITS MIPS? 0111,(D SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 38 Trades Executed Pending Settlement (continued) FINANCIAL TRUST CO INC STATEMENT PERK* March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER AMMER On File LAST STATEMENT PeOlUary 28.2005 SETTLEMENT DATE TRADE DATE TRANSACTION CESCRPTION 20/00..CuSP OuANTITY PRCE DEOIT AMOUNT CREPT MORO 04/13/05 03/09/05 SOLD FNMA 30YR GTD -15,000.000.00 100.2812 15,042,187.50 SETT, 04105 05,50016 57390000 BS 04113/05 03/09/05 SOLD FNMA 30YR GTD -20,000.000.00 100.3476 20.069.531.25 SETT 04105 05.500% 57280000 BS 04/13/05 03/29/05 SOLD FNMA-30YR(FNMAJGTO -20,000.000.00 101.7187 20.343.750.00 SETT,04/05 57090000 BS 04/13/05 03/30/05 SOLD FNMA-30YR(FNMA)GTD -20.000.000.00 101.9218 20.384.375.00 SETT,04/05 06.000% 57150000 BS 04/18/05 03/29/05 BOUGHT FNMA 30YR GTD 20,000,000.00 101.4843 20.296.875.00 SETT, 04,05 05,500% 57130000 BS 04/18/05 03/29/05 CANCEL BUY FNMA 30YR GTD 20,000,000.00 101.4843 20,296,875.00 SETT, 04105 57130000 BS AS OF 03/29/OS 04/18105 03/08105 BOUGHT FNMA-15YR(FNMA-15)GTD 20,000,000.00 98.5468 19,709,375.00 SETT,04/05 00. 404.500% 57680000 BS 027 0401.05:09:49 001 '.X7S EFTA00196227

CLEARED THROUGH ITS MIDST ORT.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 39 c? 4: Trades Executed Pending Settlement (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 04/18/05 03/14/05 BOUGHT 04/18/05 03/09/05 SOLD 04/18/05 03/15/05 SOLD 04/18/05 03/29/05 BOUGHT 04/18/05 03/30/05 BOUGHT 0512/05 03/31/05 BOUGHT DESCRIPTION FNMA-15YR(FNMA-15)GTD SETT,04/05 01,50016 57040000 FNMA-15YR(FNMA-15)GTD SETT 04/05 04,500% 57590000 FNMA-15YR(FNMA-15)GTD SETT,04/05 57260000 FNMA 15YR(FNMA 15)GTD SETT,04 OS 57130000 AS CF 03:29:05 FNMA-15YR(FNMA-15)GTD SETT 04:05 05,500% 57110000 FNMA-30YR(FNMAJOID SETT,05/04 100/005,000% 57140003 FINANCIAL TRUST CO INC STATEMENT PERIOD March 1.2005 THROUGH Minh 31.2005 ACCOUNT NUMBER TAXPAYER ARAISER On FM LAST STATEMENT PeOrualy 28.2005 SO,100..CuSP OUANTITY PPICE DENT AMOUNT CREPT AMOUNT BS 20,000,000.00 97.7734 19,554,687.50 -20,000.000.00 97.9531 19.590.625.00 BS -20,000.000.00 97.7421 19.548.437.50 BS 20.000.000.00 101.4843 20.296.875.00 BS 20.000.000.00 101.6406 20.328.125.00 BS 20.000.000.00 97.4921 19.498.437.50 BS 027 0410105:09:4S 001 Y876 EFTA00196228

CLEARED THROUGH ITS YAIOU.Y omeo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 40 c? 4: Trades Executed Pending Settlement (continued) SETTLEMENT TRADE DATE DATE TRANSACTION CECRPTION 05/12/05 03/31/05 BOUGHT Sr/A80-CUSP FINANCIAL TRUST CO INC STATEMENT PERK* March 1.2005 THROUGH March 31.2005 ACCOUNT NUMBER TAXPAYER ARAISER On File LAST STATEMENT Febniary 28.2005 OuANTITY PRICE DENT AMOUNT Ca£O.T AMOLNT FNMA-30YR(FNNIA)GYD 20.000.000.00 99.8906 19,978,125.00 SETT,05:05 1000005.500% 57150003 BS TOTAL $376.638.595.27 $368.120,306.10 The Mot, yak., Co inn %Veal m a, 011µ.. ee.t n End of Statement 027 DIDIOSITYSMS 001 V876 EFTA00196229

CLEARED 1HRCOGH ITS IMICtLY OHGED SUBSIDIARY B STUR URNS OFFICE SERVICING YOUR ACCOUNT S m ear. Stearns 8 Co. Inc. ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE veemr.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 VALUE OF SECURITIES THIS PERIOD 1.175.677 LONG ACCRUED INTEREST 4.920 NET CREDIT BALANCE 336.828 NET EQUITY THIS PERIOD $1,517,425 NET EOLIITY LAST STATEMENT 11,740.244 CHANGE SINCE LAST STATEMENT -10,222.820 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. 11111111111111111 I I FINANCIAL TRUST CO INC =JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE 63 ST THOMAS VI 00802 Market Value of Your Portfolio Cash 8 Equvalent _6336.828 $976.344 Fixed Income 175.677 (Criall (nal)) $10.656.868 Current market va_ue MIN Last statements market value I fel r FINANCIAL TRUST CO INC STATEMENT PERKO February 1.2006 THROUGH February 28.2005 ACCOLNT NUMBER TAXPAYER WINER On File LAST STATEMENT January 31.2005 TMETEETETelsTor eleccourbeal dowses otitis not INOMMEI as a tat doaevert Tin Abend shood M retaned for your records Soo worn Sr faffeSCROft rdormalpn 027 CGOINS:11:09 001 van EFTA00196230

CLEARED 'THROUGH RS WHOLLY OBAED SUBSIDIARY FINANCIAL TRUST CO INC 2 o13$ STATEMENT BACKER IS PRINTED ON THIS PAGE 027 03OLO5:11:09 001 van EFTA00196231

CLEARED THROUGH ITS MIPS? EMBED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 3 o •Je, Cash Flow Analysis THIS PEFICO Opening Balance $976,344.40 Securities Sold Dividends Interest Miscellaneous 1,577,818,284.36 2,846,165.17 86,598.03 Amount Credited $1.580.751,047.56 Securities Bought Dividends/Interest Charged Miscellaneous -1,579,710,263.75 -1,601,047.44 -79.253.13 Amount Debited $-1.581,390,564.32 Net Cash Activity -639.516.76 ClosingBalance $336,827.64 Cash Balance Summary OFth CLOSING Margin 976.344.40 336,827.64 Net Cash Balance $976,344.40 $336,827.64 Income Summary TAS PERICO YEAS TO DATE U.S. Govt. Bond Int. Govt. Agency Int. Corp. Bond Int. Credit Balance Int. Reverse Repurchase Int. 2,046,727.15 673.909.66 124.771.86 756.50 267.946.52 2.331.844.56 1.329.239.69 254.949.30 756.50 503.374.01 Total $3 114 111.69 $4 420 164.06 Bond Purchase Int. Repurchase lnt. Exp. -1.601.047.44 -104.943.86 Portfolio Composition CashtCash Equivalent Fixed Income -2.190,436.95 -222,965.23 336,828 1.175,677 Total $1.512.505 027 030705:11:09 001 FINANCIAL TRUST CO INC STATEMENT PEffico February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER KINSER On Ale LAST STATEMENT January 31.2005 Your Portfolio Allocation j Cash & Equivalent 23% 7 Fued Income 7% Untivaecl croons Oen,* Oat Dionp, *nee Or, male wive, The eincom ;event'', If dewed Icon to '0191A* motel itbe al >ov Mtn" 1872 EFTA00196232

CLEARED THROUGH ITS YAICU.Y omeo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 4 o nn Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCPJPION CASH BALANCE S•MSCLOSIP PMPXET ES1ILIATED CURPENT OUMITJTY PACE VALUE WSJ& IniCCuE vat I%) 336.828 TOTAL CASH & CASH EQUIVALENTS S338.828 FIXED INCOME Government & Agency Obligations DESCRPRON SWA3OLCUSP ACCT TYPE DUMMY PRICE MARKET VALUE ACCRUED MEREST EsrAtanm ANNUAL INCOME CURREM YEID Ity FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW DATED DATE 04/30/03 BOOK ENTRY ONLY DUE 01/25/2033 4.350% FACTOR - .55821251 FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS I DATED DATE 11/01/03 BOOK ENTRY ONLY DUE 11/01/2033 FACTOR — 1.00000000 Total Government& Agency Obligations MRGN MRGN 13,568,337 1 8,6649 1,175.676 78.8359 $1,175.677 4.920 34.920 590.223 3590.223 50.2029 TOTAL FIXED INCOME $1,175.677 34.920 3590.223 YOUR PORTFOLIOHOLOINGSACCRUED INTEREST $4,920 YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME $590.223 YOUR PRICED PORTFOLIOHOLDINGS 81.512.505 FINANCIAL TRUST CO INC STATEMENT PERK* February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NA DER OR PIM LAST STATEMENT January 31.2005 027 0101G5:11:09 001 EFTA00196233

CLEARED THROUGH ITS YiNCtLY 0‘11,E0 SUBSIOMAY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 5 Repurchase and Reverse Repurchase Transactions with Bear, Stearns& Co. Inc.outstanding as of date of statement PACK'S& FIEFURCHPSE PRICING PURCHASE RIM ACCRUED REPO GUANTIN START DATE DAM ROE PAINOPAL MEREST' (FACE AMOUNT) CUSP DESCRIPTOR I it' GoI FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCCUNT NUMBER TAXPAYER MADER On PIM LAST STATEMENT January 31.2005 YOu SOLD GOVERNMENT NATIONAL MEG ASSOC (REPO) 01/13105 04/11105 2.860 -2.601.000 -9.711 -22.100.000 SEES 2004-S CLASS P 4,3518 02/20/33 YOU SOLD FANNIEMAE STRIP (REPO) 01/13/05 04/11/05 2.860 -11.902.000 -44.440 -30.000.000 SEES 329 CLASS PO 12/01/32 YOU SOLD FANNIE MAE STRIP (REPO) 01/13/05 04/11/05 2.860 -6.406.000 -23.919 -30.000.000 SEES 353 CLASS 10 5,0000 07/01/34 YOU SOLD FANNIE MAE STRIP (REPO) 01128/05 04/11/05 2,860 -7.351.000 -18.687 -35.000.000 SEES 353 CLASS 10 5,0000 07/01/34 YOU PROVIDED FEDERAL NATIONAL MTG ASSOC (MARGIN) 02/07/05 OPEN 0,000 -50.000.000 SEES 2003-13 CLASS 5.3500 03,125/33 YOU PROVIDED GOVERNMENT NATIONAL MTG ASSOC (MARGIN) 02/09/05 OPEN 0,010 4.300.000 SEES 2004-5 CLASS P 4,3518 02/20/33 YOU SOLD FANNIE MAE STRIPS (REPO) 02/10/05 03/10105 2,790 -3.784.000 -5.571 -5.500.000 SEES 352 CLASS PO 07/01/34 YOU SOLD FANNIEMAE STRIP (REPO) 02/10/05 03/10/05 2,790 -8.514.000 -12.536 -20.959.779 SEES 329 CLASS PO 12/01/32 YOU SOLD FANNIEMAE STRIP (REPO) 02/15/05 03/14/05 2,790 -3.972.000 -4.309 -7.000.000 SEES 346 CLASS PO 11/01/33 YOU PROVIDED FEDERAL HOME LOAN STRIP (MARGIN) 02/16/05 OPEN 0,000 -14,000.000 SEES 227 CLASS 10 5,0000 12/01/34 YOU PROVIDED FEDERAL HOME LOAN STRIP (MARGIN) 02/17/05 OPEN 0,000 -6.000,000 SEES 227 CLASS 10 spoof) 12/01/34 027 03,01,05:11:09 001 Y872 EFTA00196234

CLEARED THROUGH ITS YAIDALY OUS*0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 6 Repurchase and Reverse Repurchase Transactions (continued) with Bear,Stearns& Co.Inc. outstanding asof date of statement (continued) PURCHASE/ START DATE REPURCHASE DATE PRICING RATE PURCHASE PRIC£I PRINCPAL ACCRUED REPO MEREST' GUAPMTY (FACE AMOUNT) CUSP DESCRIPTION YOU SOLD UST/ 4,0000 02/15/15 (REPO) 02/18/05 OPEN 2.270 -29.475.000 -20.730 -30.000,000 YOU SOLD UST/ 5,3750 0'2/15/31 (REPO) 02/22/05 OPEN 2520 -3.322.500 -1.568 -3.000.000 YOU SOLD FANNIEMAE STRIP (REPO) 02/25/05 03/24/05 2.890 -1.000.000 -321 -1.820,000 SERES 346 CLASS PO 11/01/33 YOU SOLD FANNIEMAE STRIP (REPO) 02/28/05 03/10/05 2.780 -9.695.000 -748 -25.000.000 SERES 329 CLASS PO 12/01/32 YOU SOLD FANNIEMAE STRIP (REPO) 02/28/05 03/28/05 2.920 -500.000 -40 -910.000 SERES 346 CLASS PO 11/01/33 YOU PROVIDED FANNIEMAE STRIP (MARGIN) 02/28105 OPEN 0.000 -4.270.000 SERES 346 CLASS PO 11/01/33 YOU BOUGHT UST/ 3,125001/31/07 (REVERSE) 02/23/05 OPEN 2.200 7.990.000 1.207 8.000.000 YOU BOUGHT UST/ 3,0000 12/31/06 (REVERSE) 02/24/05 OPEN 2.400 200.000.000 65.000 200.000.000 TOTAL REVERSE REPURCHASETRANSACTIONS I,Sean SPCmit' GoI FINANCIAL TRUST CO INC STATEMENT PERK* February 1.2005 THROUGH February 28.2005 *COMM NUMBER TAXPAYER NUMBER OR FOR LAST STATEMENT January 31.2005 1207.990.000 186.207 TOTAL REPURCHASETRANSACTIONS 148.522.500 1-142580 As ct sLmaraoni date 027 0101GS:11:09 001 7872 EFTA00196235

CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 7 cl nn Transaction Detail INVESTMENT ACTIVITY FINANCIAL TRUST CO INC STATEMENT PERK* February 1.2005 THROUGH February 28.2005 AGLOW! NUMBER TAXPAYER MASER On FIN LAST STATEMENT January 31.2005 SETTLEmENT DATE TRADE DATE TRANSACT/0,J c,Eyba pHON SAIEICLCUSP OuAmire PRGE DEBIT AMOUNT CREDIT AMOUNT 02/01105 01/31105 SOLD UNITED STATES TREASURY NOTE .15,000.000 99.68750 14.953.125 .00 03.125% JJ 31 0 MATURITY ACCR, INT, 1.294.89 GVER REF # G031 1009 Al 02/04105 02/03+05 SOLD UNITED STATES TREASURY NNE NMI -25.000.000 99.60156 24.900.390 ,63 03.125% JJ 31 0 MATURITY ACCR, INT, 8.632.59 GVER REF P G0341008 Al 0=7+05 02/04+05 BOUGHT UNITED STATES TREASURY NOTE 9.000.000 101.32422 9.119.179.69 04.250% MN 15 0 MATURITY ACM INT, 88.756.90 GVER REF # G0351017 Al 02/07+05 02/04+05 BOUGHT UNITED STATES TREASURY NOTE 12.000.000 101.59375 12.191.250.00 DUE 1111 5+2014 04.250% MN 15 ACM INT. 118.342.54 SPECIAL INSTRUCTIONS YIELD 4.050 % TO MATURITY GVER REF 0 G0355379 A3 wwEe 02/07+05 02/04+05 BOUGHT UNITED STATES TREASURY NOTE MIN 16.000.000 99.49219 15.918.750.00 03.000% JD 30 ACM INT. 50.386.74 0 MATURITY GVER REF # 60351009 Al 02/07+05 02/04+05 SOLD UNITED STATES TREASURY NOTE NNW -20000.003 99.71094 19.942.187 ,50 03.625% JJ 15 ACCR. INT. 46.063.54 . 0 MATURITY GVER REF # G0351013 Al 02/07105 02/04+05 SOLD UNITED STATES TREASURY NOTE -15.000.000 99.75391 14.963.085 ,94 03.125% JJ 31 0 MATURITY ACCR, INT, 9.064.22 GVER REF 0 60351035 Al 027 03,01G5:11:09 001 '.1172 EFTA00196236

CLEARED THROUGH ITS ?RIMY CAM,E0 SUBSIDIARY BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 8 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTOR 0207105 PRINCIPAL 02,08105 02/07105 BOUGHT 02/08/05 02/07105 SOLD 0209/05 02/08105 BOUGHT 0209105 02/08105 SOLD 02/10105 01/11105 CANCEL SELL 02/1005 01/18105 CANCEL SELL OESCRIPTION FEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 CL PO 0.001 DIE 03/01/32 PRINCIPAL REDUCTN 02-25-05 UNITED STATES TREASURY BONDS 05.375% FA 15 MATURITY GVER REF # G0381001 Al UNITED STATES TREASURY BONDS 05.375% FA 15 MATURITY GVER REF N G0381002 Al UNITED STATES TREASURY BONDS 05.375% FA 15 MATURITY GVER REF # G0391000 Al UNITED STATES TREASURY BONDS 05.375% FA 15 MATURITY GVER REF V 00391003 Al FNMA-30YR(FNMAJOID SE1T,02105 II.005.500% 57220000 BS AS OF 01/11105 TO CM. PREVIOUS SELL FNMA-30YRtFNMA)OID t SEIT.02/05 c6.500% 7000000 BS AS OF 01/18/05 TO CM. PREVIOUS SELL (.Sean $PCmiI e; EAR FINANCa TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCOUVT NUMBER TAXPAYER isiuDOER OR File LAST STATEMENT January 31.2005 Ou.wrir, PRICE DEBIT AMOUNT CHEM AMOUNT -95.853 10,000.000 114.47266 11,447,265.63 ACCR, NT. 258,525,81 -10,000.000 114.54688 ACCR, 11.454,687 .50 258.525,82 10430.000 114.75000 11.475.000.00 ACCR, OJT, 259.986.41 -10.000.000 115.79688 ACCR. INT, 11.579,687 ,50 259.986.41 10,000,000 101.25000 10.125000.00 10.000.000 101,51563 10.151.562,50 02/ 03OI,D5;n:09 001 V872 EFTA00196237

CLEARED THROUGH ITS YAICELY GMB*0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 9 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 02/10/05 01/20/05 BOUGHT 02/10105 02/03105 BOUGHT 02/10105 01/11115 SOLD 02110/05 01/18105 SOLD 02/10.05 01/20/05 CANCEL BUY 02/10,105 02/0345 CANCEL BUY OESCRIPTION FNMA-30YR(FNMA)OM Th 05.500% 7390000 FNMA-30YR(FNMA)OTD s SEIT.02/05 05.50096 7720000 FNMA-8DYR(FNMA)OTD SETT.02$35 1~05.500% 57220000 FNMA-80YR(FNMAATD amist sEr.0.05 (6.500% 7000000 FNMA-30YR(FNMA)610 SETT.02r05 110111.11 505.500% 7390000 AS OF 01/20,105 TO C)3. PREVIOUS BUY FNMA-30YR(FNMA)610 imios SEIT.02/05 05.500% 7720000 BS AS OF 02103/05 TO CM. PREVIOUS BUY I.Sean $PCmiI e; EAR FINANCa TRUST CO INC STATEMENT PEW° Estrum)/ 1.2005 THROUGH February 28.2005 AGLOW! NUMBER TAXPAYER WINER On FIB LAST STATEMENT January 31,2005 SYMBOLCUS, °VANITY Pea DEBIT AMOUNT CROW AMMO BS 10.000.000 101.73017 10,173,046.88 10.000.000 101.80469 10.18D468 .75 BS -10.000.000 101.25000 10.125,000,00 BS -10.000.000 101.51563 10.151.562 ,50 BS -10.000.000 101.72047 1D173.006 ,88 BS -10.000.000 101.80469 1D180.468 ,75 027 OCTOI:05:i 1:09 001 VS72 EFTA00196238

CLEARED THROUGH ITS YAICU.Y oonco SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 10 c! 33 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTOR 02/10105 01/2066 BOUGHT 02/10/05 01/2045 BOUGHT 02/10105 02/03105 CANCEL SELL 02/10105 01/20105 CANCEL BUY 02/10105 01/20.05 CANCEL BUY 02 0 OS 02/03105 SOLD DESCRIPTION FNMA-30YR(FNMNGID SETT:32/0S # 1505.000,:: AS OF 01/20105 7000000 FNMA-30YRIFNMAIGID SET .02105 05.000% 7000000 FNMA-30YR(FNLINGID SETT.02:06 05.000% 7760000 AS OF 02/03105 TO CXL PREVIOUS SELL FNMA-306I(FNMA)GID 591.02.05 06.000% 7000000 AS OF 01/20105 TO CXL PREVIOUS BIN FNMA-30YRIFNMAAID SEIL02)05 101101 506.000% 7000000 AS OF 01/20105 TO CXL PREVIOUS BUY FNMA-306I(FNMA)GID SETT.02105 FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER issASER ON PIM LAST STATEMENT January 31.2005 ST/ADOLCUSP QUANTITY PR9CE DEBIT AMOUNT CFEOIA/lOcter BS 10.000.000 10.000.000 99,65234 99,65234 9.965.234,38 9.965.234,38 BS 10.000.000 99,70313 9,970,312 ,50 BS -10.000.000 99,65234 9.965.234,38 BS -10.000.000 99.65234 9.965.234.38 BS MIK -10.000.000 99,70313 9.970.312.50 05.000% 7760000 BS 027 010105:11:09 001 EFTA00196239

CLEARED IHROuGH ITS yniCLE.Y OMED SUOSIOany BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 11 o Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE -RANSIC11371 02/10/05 1230,04 CANCEL SELL 02/10/05 12/16'04 BOUGHT 02/10.05 01/11105 BOUGHT 02/10.05 02/03/05 CANCEL SELL 02/10.05 12/30.04 SOLD 02/10.05 12/16/04 CANCEL BUY DESORPTION FNMA 30YR OTO SETT, 02105 1.111 506,000 7220000 AS OF 12/30/04 TO CA. PREVIOUS SELL FNMA 30YR OTO SETT. 02,05 7320000 FNMA 30YR GTO SETT, 02'05 06,000% 57210000 FNMA 30YR GTO SETT, 02/05 7740000 AS OF 02/03/05 TO CA. PREVIOUS SELL FNMA 30YR GTO SETT, 0265 011. 506,000% 7220000 FNMA 30YR GTO SETT 02/05 06,000'. 7320000 BS AS OF 12/16104 TO It PREVIOUS BUY FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER WAGER On Pile LAST STATEMENT January 31.2005 SYNEKILCUSP OUNPITV PRICE DEBIT AMOUNT CAEG7 10,000,000 102,98438 10.298.437.50 BS 10.000.000 103,03125 10.303.125.00 BS MIN 20.000.000 103,03125 20,606,250.00 BS 20.000.000 103,23438 20.646.875,00 BS -10.000.000 102,98438 10.298.437 .50 BS -10.000.000 103,03125 10.303.125 .00 027 0001.05:11:09 001 sea72 EFTA00196240

CLEARED THROUGH ITS YAIOU.Y OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 12 0 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTOR 02/10105 01/11105 CANCEL BUY 02/1045 02/03+05 SOLD 02/10.'05 01/31+05 BOUGHT 02/1045 02/0945 BOUGHT 02/11105 02/09.'05 BOUGHT 02/16'05 02/00'05 SOW 02/11105 0=3 ,05 SOLD DESCRIPTION FNMA 30YR GTO SETT. 02105 01/1006.000% 57210000 BS AS OF 01/11105 TO CM. PREVIOUS BUY FNMA 30YR GTO SETT. 02'06 7740000 BS FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 00.001% 57900000 BS TO ADJ PREVIOUS MONTHS FACTOR AS OF 01/31105 UNITED STATES TREASURY BONDS 05.375% FA IS MATURITY GVER REF # G0401000 Al UNITED STATES TREASURY BONDS 05.375% FA 15 . MATURITY GVER REF # G0401030 Al UNITED STATES TREASURY BONDS 05.375% FA 15 . v TO MATURITY GVER REF # G0401005 A3 FEDL HOME LOAN MTG CORP#S02684 SEFUES 218 CL PO 1 111. 111157420000 BS FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 AGLOW! NUMBER TAXPAYER issaMER On PIM LAST STATEMENT January 31.2005 STIADOLCUSP OUNWITY PRICE DEBIT AMOUNT CREW MOUNT -20,000,000 103.03125 20.606,250 .00 -20.000.000 103.23438 20.646.875 ,00 5.063.863 80.75000 4.089.069.53 10.000.000 114.71875 11.471.875.00 ACM, INT. 261.447,01 10.000.000 115.63281 11.563.281 .25 ACCR, OJT, 261.447,01 EMI -10.000.000 115.07813 11,507,812.50 ACCR, INT, 261.447.01 .11,250.106 86.56250 9.738.373.44 027 MOLDS:T1:09 001 V872 EFTA00196241

CLEARED THROuGH ITS wilDtLY CAM,E0 SUBSIDIARY BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 13 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION OESCRIPTION STMEIOLCUSV %MARRY PRICE DEBIT AMOUNT CREDO MORD 02/11/05 02/10/05 BOUGHT UNITED STATES TREASURY NOTE 10.000.000 101,56250 10,158,250.00 laili4.250% MN 15 MATURITY ACM. INT, 103.314,92 GVER REF #130411021 Al 02/11105 02/10/05 SOLD UNITED STATES TREASURY N3TE -5.000.000 101,84375 5,092.187.50 04.250% MN 15 ACCR, INT. 51.657.46 MATURITY GVER REF # G0411011 Al 02/11105 JOURNAL ANNIE MAE CMO/SERIES 2003-13 S RCA-VO FLTR 5.470 DUE 03/25/33 ADJUST POSITION 02/14/05 02/10105 BOUGHT FEDERAL NATIONAL MTG ASSN 5.310.807 83.79688 4,450,290.63 SEFUES 346 CLASS 1 IMIIII57250000 BS ovittis 029 0(05 BOUGHT FEDL HOME LOAN MTG CORP#S10109 9.869,325 23,75000 2,343,964.90 SERIES 227 CLASS 10 ACCR, INT, 17,819.62 ilail05,000% 7360000 BS 02/14105 02/11105 SOLD UNITED STATES TREASURY NNE -10.000.000 99,52734 9.952.734.38 OUE 12/31/2006 03.000% JD 30 ACCR, INT. 37.292.81 SPECIAL INSTRUCTIONS YIELD 3261 % TO MATURITY GVER REF # G0422831 A3 WWEB 02/14/05 02/11105 SOLD UNITED STATES TREASURY N3TE -15.000.000 99,47656 14.921.484 ,38 03.000% JD 30 ACCR, INT. 55.939.22 MATURITY GVER REF # G0421020 Al 021405 JOURNAL FEDL HOME LOAN MTG CORP#502684 SERIES 218 CL PO OUE 02/01/32 I FINANCIAL TRUST CO INC STATEMENT Puma.) February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NUMER On File LAST STATEMENT January 31,2005 021 CGDIDS:l 1:09 001 V872 EFTA00196242

CLEARED THROUGH ITS ?RIMY CAM,E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 14 - Transaction Detail (continued) INVESTMENT ACTIVITY (continue) SETTLEMENT DATE 02/15105 TRADE DATE TRANSACI1DN 12/30/04 BOUGHT OESCRIPTION FNMA-15YR(FNMA-15$1TD limmis 891.02.05 05.500% 7230000 BS 02/15105 12/16/04 CANCEL SELL FNMA-15YR(FNMA-15)GTO tous SEIT.02/05 05.500% 7330000 BS AS OF 12/16/04 TO CM. PREVIOUS SELL 02,1505 12:3004 CANCEL BUY FNMA-I SYR(FNMA-I 5)GTD SETT.02/05 05.500% 7230000 BS AS OF 12/30/04 TO C)3. PREVIOUS BUY SYMBOL:CUSP OVANTITY 11.000.000 PRICE 102.97656 I.Sean $PCmiI e; C0 FINANCa TRUST CO INC STATEMENT PER•oo February 1.2005 THROUGH February 28.2005 ACCOUVT NUMBER TAXPAYER MaER OTl File LAST STATEMENT January 31,2005 DEBIT AMOUNT 11,327.421 .88 GRECO' AAIDUNT 11.000,000 103.10938 11.342.031 .25 -11.000.000 102.97656 11.327,421 ,88 02/15/05 12/16+04 SOLD FNMA-15YR(FNMA. I SIGTO SETT 02/05 05.500% 7330000 BS -11,000.000 103.10938 11.342.031 ,25 02/15+05 02/11105 BOUGHT FEDERAL NATIONAL WO ASSN SERIES 346 CLASS 1 111. 1057150000 BS 02/15/05 02/11105 BOUGHT FEDL HOME LOAN MTG CORPttS10109 SERIES 227 CLASS 10 05.000% 57140000 BS 5.310.807 83.34375 4.426.226.03 9.869.325 ACM, INT, 23.81250 2,350,133.23 19.190.36 02/15105 02/14/05 SOLD UNITED STATES TREASURY BONDS 05.375% FA 15 MATURITY GVER REF tt G0451004 Al -2.000.000 113.91797 2,278,359.38 021 CGDIDS:l 1:09 001 .872 EFTA00196243

CLEARED THROUGH ITS WHOLLY ome0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 15 0 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION DEseg pno‘r SUM:CUSP CRANTITY PRICE DEBIT AMOUNT CREW Nan 02/15105 02/14105 SOLD UNITED STATES TREASURY NOTE .15,000.000 101,22266 15,183,398 .44 04.250% MN Is . 0 MATURITY ACCR, INT, 162,016.57 OVER REF # G0451016 A3 02/15+05 02/14105 BOUGHT UNITED STATES TREASURY NNE 5.000.000 99.57813 4.978.906.25 03.12S% JJ 31 ACCR. 6.474.46 0 MATURITY GVER REF # G0451020 Al 02/15+05 02/14115 BOUGHT UNITED STATES TREASURY NOTE IIIIIII, 20.000.000 99.60156 19.920.312.50 03.12S% JJ 31 0 MATURITY ACCR, 25.897.79 GVER REF # 00461008 Al 02/I &OS 02/14105 BOUGHT UNITED STATES TREASURY NOTE 50.000.000 99.60156 49.800.781 .25 03.125%.1J 31 ACCR, INT. 64.744.48 MATURITY GVER REF # 00451008 BI 02/15105 02/14105 SOLD UNITED STATES TREASURY NOTE IIIIIIII -35.000.000 99.58594 34.85.5,078 .13 03.125% JJ 31 MATURITY ACCR, INT, 45,321 .13 GVER REF # G0451012 Al 02/15105 PRINCIPAL FEDL HOME LOAN MTG ODAPPS02884 35.717.02 SEFUES 218 CL PO DUE 02/01132 F'RIN RID 01-0S PAD 02-1S-OS REPO P 8I 0.0000 02/15105 PRINCIPAL FEDL HOME LOAN MTG CORP#S02684 226.522.48 SERIES 218 CL PO DUE 02/01/32 PAIN RID 01.05 Pin 02-1S-OS REPO P 8I 0.0000 FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER WAGER On Pile LAST STATEMENT January 31.2005 027 OCUOLOSI 1:09 001 Y872 EFTA00196244

CLEARED THROUGH ITS wilDtLY GLARED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 16 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 02/15105 TRADE DATE TRANSACTOR PRINCIPAL DESCRIPTION FEDERAL HOME LOAN MTG CORP SERIES 2483 Q. SL 4.410 DUE 03/15/32 PRINCIPAL REDUCTN 02-1585 02/15405 PRINCIPAL FEDERAL /ME LOAN MTG CORP SERIES 2530 CLASS SE 4.810 DUE 02/15/32 PRINCIPAL REDUCTN 02-1585 MOM CLOW -308,611 Pam FINANCIAL TRUST CO INC STATEMENT PERK* February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NUE93ER On PIM LAST STATEMENT January 31.2005 DEIRT AMOUNT CRECir Anoxia -342.355 0015/05 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI 4.410 DUE IY2+15/32 PRINCIPAL REDUCTN 02-1585 -146,854 02/16105 02/14105 SOLD FEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 CL PO 00.001% 57720000 BS -3.576.277 86.12500 3.080.068.74 0016105 02/15105 BOUGHT UNITED STATES TREASURY BONDS ' 05.375% FA 15 0 MATURITY OVER REF N 60461000 Al 10.000.000 113.59375 ACM INT. 11.359.375 .00 1.484.81 02,1685 0221505 SLID UNITED STATES TREASURY BONDS 05.375% FA 15 . 0 0 MATURITY OVER REF # 60461014 Al -10.000.000 113.80078 ACCR, INT. 11.380.078 .13 1.484.80 02/16105 02/15405 BOUGHT UNITED STATES TREASURY NOTE 04.250% MN 15 0 MATURITY GVER REF N G0461008 A3 3.000.000 101.19922 ACM INT. 3.035.976.56 32.755.53 02/17+05 02/14+05 SOW FEDERAL HUE LOAN MIG CORP SERIES 2483 CL SL 04.410% 56240000 BS AS OF 02.E 14x05 -1.682.201 7,15625 ACCR, INT. 120.382.57 412.14 027 0101G5:11:09 001 van EFTA00196245

CLEARED THROUGH ITS WHOLLY omen SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 17 r! Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION DESCRIPTION STIADOECUSP GUMMY PRICE DENT AMOUNT own PAIDUN1 02/17105 02/14105 SOLD FEDERAL HOME LOAN MTO CORP -10,944,806 7.15625 783,237,68 SERIES 2483 Q. SL 04,410% ACCR, INT. 2.681,48 56230000 BS AS OF 02/14105 02/17105 02/14105 SOLD FEDERAL HOME LOAN MTO CORP -10.944.807 9.40625 T.029.495,91 SERIES 2488 CLASS SO ACCR, INT. 3.289.52 05.520% 57330000 BS 02/17105 02/14105 SOW FEDERAL HONE LOAN MTG CORP INN -2.447.844 8.00000 95.827.54 SERIES 2530 CLASS SE 04,810% ACCR, INT, 654,12 56220000 BS AS OF 02/14105 02/17105 02/14105 SOLD FEDERAL HOME LOAN WG CORP NMI -12.239.221 8.00000 979.137,72 SERIES 2530 CLASS SE 04,810% 56210000 BS ACCR, INT, 3270,59 AS OF 0211405 02, T7,05 405 SOLD FEDERAL IONE LOAN MTO CORP -6.300.059 7.15625 490.847,99 SERIES 2526 CLASS SI 04,520% ACCR, INT, 1.543,52 57310000 BS 02/17105 JOURNAL FEDL HOME LOAN WC CORPHS10i09 SERIES 227 CLASS 10 5,000 DUE 12/01/34 02/16.05 02/17105 SOW UNITED STATES TREASURY BONDS -2.000.000 112,18359 2.243.671.88 05,375% FA 15 . MATURITY ACCR, INT, 890.88 OVER REF it 00481004 Al FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER MAGER On Pile LAST STATEMENT January 31.2005 027 03,01:05:11:09 001 .872 EFTA00196246

CLEARED THROUGH ITS YAIOU.Y ome0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 18 0 0, Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION DEseg prioN SYMEIGGLISP 07ANTID Fma DEW AMOUNT CREW AMOUNT 02/18105 02/17105 SOLD UNITED STATES TREASURY MOTE .10,000.000 100.48438 10.048,437,50 04.260% MN IS ACCR. INT. 111,533.15 . 0 MATURITY GVER REF # 00481014 Al 02/18105 02/17105 SOW UNITED STATES TREASURY NOTE -35.000.000 100.48614 35.170,147 ,95 04.250% MN IS 0 MATURITY ACCR, INT, 390.366,02 GVER REF P G0481028 Al 02/18/05 02/17105 BOUGHT UNITED STATES TREASURY NOTE MIS 35.000.000 98.56250 34.496.875.00 04.000% FA 15 ACCR. 11,602.21 MATURITY GVER REF # 00481022 Al 02/18105 02/17105 SOW UNITED STATES TREASURY NOTE AIM -5.000.000 98.51563 4.925.781.25 JJS 4. 0u 04.000% FA 15 MATURITY ACCR. INT, 1.657.46 GVER REF # G0481033 Al 02/22/05 02/18105 SOLD UNITED STATES TREASURY BONDS -3.000.000 111.11328 3.333.398.44 05.375% FA 15 . 0 MATURITY ACCR, INT, 3.118.09 GVER REF # 00491015 Al 02/22/05 02/18.'05 SOW UNITED STATES TREASURY NOTE -10,000.000 99.26563 9.926.562.50 03.000% JD 30 . 0 MATURITY ACCR, INT, 43.922.65 GVER REF # G0491014 Al 02/23/05 02/22/05 BOUGHT UNITED STATES TREASURY NOTE 7.000,000 99.42969 6.960.078.13 03.125% N 31 ACCR, INT. 13.898A8 0 MATURITY GVER RE? Is 00531007 Al FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER MAGER On Pile LAST STATEMENT January 31.2005 027 OCTOLOSI 1:09 001 Y872 EFTA00196247

CLEARED THROUGH ITS yasEtLY OUTGO SOSIDany BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 19 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION DESORPTION STMEICILEUSP OVANTITY Pma DEBIT AMOUNT CREW Nap 4T 02/24105 02/23/05 SOLD UNITED STATES TREASURY NOTE -5.000.000 99.26172 4.963.085.94 03.000% JD MATURITY 30 ACCR, INT, 22.790.05 GVER REF # 605/1021 Al 02/24105 02/23/05 BOUGHT UNITED STATES TREASURY NOTE 5.000.000 98.18359 4.909.179.69 04.000% FA 15 ACCR. INT. 4.972.37 MATURITY GVER REF # G0541017 Al 02/24/05 02/23/05 SOW UNITED STATES TREASURY NOTE EMI -5.000.000 97.98438 4.899.218.75 04.000% FA MATURITY 15 ACCR, INT, 4.972.38 GVER REF # G0541032 Al 02/25105 PRINCIPAL FEDERAL NOTIONAL MTG ASSN 95.853.00 STRIP MTG SERIES 322 CL PO 0401 DUE 03/01/32 PRINCIPAL PAYMENT 02-25-05 02/25/05 PRINCIPAL FEDERAL NOTIONAL MTG ASSN MIS 184.177.56 SERIES 329 CLASS PO DUE 01/01/33 STRIP PAIN RID 01.05 Pit) 02-25-05 REPO P 8I 0.0000 02/25105 PRINCIPAL FEDERAL NOTIONAL MTG ASSN 219.679.75 SERIES 329 CLASS PO DUE 01/01/33 STRIP PAIN RID 01-05 PAD 02-25-05 REPO P 8I 0.0000 02/25105 PRINCIPAL FEDERAL NOTIONAL MTG ASSN 263.615.70 SERIES 329 CLASS PO DUE 01/01/33 STRIP PAIN RID 01-05 PA:102-25-05 REPO P 8I 0.0000 I. SIean $PCmitkf EAR FINANCa TRUST CO INC STATEMENT PERGO February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER MAGER On File LAST STATEMENT January 31.2005 02/ 0101005:11:09 001 .872 EFTA00196248

CLEARED THROUGH ITS MOW, (AM,ED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 20 c? Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 0025/05 TRADE DATE TRANSACTOR PRINCIPAL DESCRIPTION FEDERAL NATIONAL MTO ASSN SERIES 2003-49 CLASS SW 4,470 DUE 01/25/33 PRINCIPAL REDUCTN 02-25-05 02/28105 JOURNAL FEDERAL NATIONAL MTO ASSN SERIES 346 CLASS 1 DUE 11/01/33 Gummy -222,841 PRICE /.Sean $PCmiI e; EAR FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NUUSER On PIM LAST STATEMENT January 31.2005 DEW AMOUNT CHEM MONO -1 TOTAL $-403,120.067.73 8452,722,308.78 INTEREST DATE OESCRPTION SYMEICIJCUSIP OVPAMTY RATE I% DENT AMOUNT MEDI AMOUNT 02/01105 AVG BAL 584.550 RT 1503 756.50 021 OFFICE INTEREST 0105 02/15105 FEDERAL HOME LOAN MTO CORP 4.4100 48.724,16 SERES 2483 CL SL DUE 03/15/2032 4,410 INTEREST PAYMENT 02-15-05 02/15/05 FEDERAL HOME LOAN MTO CORP 5,4100 51.576,60 SERES 2488 CLASS SO DUE 03/15/2032 5,410 INT RID 01-05 PA) 02-15-05 REPO P 8I 5,5200 0015105 FEDERAL NOME LOAN MTO CORP 4,8100 61.620,62 SERES 2530 CLASS SE DUE 02/15/2032 4,810 INTEREST PAYMENT 02-15-05 02/15/05 FEDERAL 109ME LOAN MTO CORP 4,4100 24.283,37 SERES 2526 CLASS SI DUE 02/15/2032 4,410 INTEREST PAYMENT 02-15-05 027 03,01G5:11:09 001 .872 EFTA00196249

CLEARED IHRCUGH ITS wisCtLY CAM,E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 21 Transaction Detail (continued) INTEREST (continued) FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER MASSER On PIM LAST STATEMENT January 31.2005 DATE OESCRenON STIABOLCuSiP cc$NTIW RATE lid DEBIT AMOUNT CREW AMOUNT 02/1&05 UNITED STATES TREASURY BONDS 5.3750 268,750.00 DUE 02115/2031 5.375 INT RID 02-05 ND 02-15-05 02/22/05 GOVERNMENT NATIONAL WO ASSN 4.4500 15,845.33 SERES 2004-5 CLASS PS DUE 02/20/2033 4.450 INT RID 01.05 PA) 02-20-05 REPO P S I 4.4500 02/22/05 GOVERNMENT NATIONAL WO ASSN 4.4500 81,954.17 SERES 2004-5 CUSS PS DUE 02/20/2033 4.450 INT RID 01-05 PA) 02-20-05 REPO P S I 4.4500 02/23/05 GOVERNMENT NATIONAL MTO ASSN 4,4500 65.266,67 SERES 2004-5 CLASS PS DUE 02/20/2033 4.450 RITA CA INT FOR 2/20/2005 PD 02/25/05 FANNIE MAE CMO/SERIES 2003.13 6.4700 124.771.86 S RCA-40 RTR DUE 03/25/2033 5.470 INT RID 01-05 ND 02-25-05 REPO P d I 5.4700 02/25/05 FEDERAL NATIONAL WO ASSN 4.4700 51.372.14 SERES 2003-49 CLASS SW DUE 01/25/2033 4.470 INTEREST PAYMENT 02-25-05 02/25/05 FEDERAL NATIONAL MTO ASSN 5.0000 120.60640 SERES 353 CLASS 2 DUE 07/01/2034 5.000 INT RID 01-05 PA) 02-25-05 REPO P & I 5.0000 027 0101GS:11:09 001 van EFTA00196250

CLEARED THROUGH ITS WHOLLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 22 0 Transaction Detail (continued) INTEREST (continued) DATE DESCRIPTION 02/25105 FEDERAL NATIONAL MTO ASSN SERES 353 CLASS 2 DUE 07/01/2034 5.000 INT ND 01-05 PM 02-25-05 REPO P 8I 5.0000 TOTAL 51,058,398.85 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stearns& Co. Inc. SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION SVMBCLCUSIP 0.:ANT1T1 DEBIT AMOUNT CREDIT M.IOUNT 02/01105 RECEIVED UNITED STATES TREASURY NOTE 15.000.000 15.000.000.00 DUE 01/31/2007 3.125 3,125 7 FITM Al RESALE 02404/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN 17.600.000 SERIES 2004-5 CLASS PS 4,4 FITM50 3.11 312 TERM MENT 02/04105 JOURNAL GOVERNMENT NATIONAL MM ASSN -17.600.000 SERIES 2004-5 CLASS PS 4,450 DU FITMARGN Al REPO AGR 0204x05 RECEIVED UNITED STATES TREASURY NOTE 25.030.000 25.000.000.00 DUE 011312007 3.125 3 125 7 FITM Al RES ALE 0207/05 JOURNAL FEDERAL HOME LOAN MTO CORP NEM Ilk 304 SERIES 2488 CLASS SO SY/ABOLCUS,P FINANCIAL TRUST CO INC STATEMENT PERK* February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER WESER NAM LAST STATEMENT January 31.2005 MAMMY RATE IF! DEBIT AMOUNT CREDIT AMOUNT 5.0000 140,707.93 5,520 2 FITM Al REPO A 027 OCUOTOS:l 1:09 001 EFTA00196251

CLEARED THROUGH ITS YAIOU.Y OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 23 0 H, Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACDON DESCRSMON 02/07/06 JOURNAL FEDERAL HOME LOAN MTG CORP SERIES 2488 CLASS SO 58203.7 RIM ‘ A2 TERM ENT 02407/05 JOURNAL FANNIE MAE CMOSERIES 2003.13 S RCR-I/0 FLTR 8470 FITM Al REPO A 02/07105 JOURNAL DIVED STATES TREASURY NOTE ATM Am A2 4.250 , 14 TERM REPO AGREEMENT 02/07/05 JOURNAL UNITED TATES TREASURY NOTE ATM Al 4.250 14 REPO AGREEMENT SYMeadttRIP WARM DEBIT AMOUNT 11..,304 849.000.00 FINANCIAL TRUST CO INC STATEMENT PER•00 February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NumeER On He LAST STATEMENT January 31.2005 CREDIT AMOUNT -27.372.255 31.000.000 31.465.000.00 -52.000.000 53.1 05.000.00 02/07/05 RECEIVED UNITED STATES TREASURY NOTE 160.000.000 160.000.000.00 DUE 12/31/2006 3.000 8000 FITM 1.111 RESALE 02'07/05 DELIVERED UNITED STATES TREASURY NOTE DUE 12/31/2006 3.000 8000 FITM RW2 m TERM ENT -176.000.000 176.220.000.00 02/07/05 JOURNAL UNITED SURY NOTE FITM A2 8625 10 TERM REPO AGREEMENT 20.000.000 19.925.000 .00 02/07105 RECEIVED UNITED STATES TREASURY NOTE DUE 01/31/2007 3.125 3,125 I lk FITM M B RESALE T 5.000.000 4.999.999 89 027 COVIDS:l 1:09 001 .872 EFTA00196252

CLEARED THROUGH ITS MIDIS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 24 ci )) Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TIMISACRON DESORPTION STMEICCCUSIP OWArrny OMIT AMOUNT CREDIT AMOUNT 02/07/05 DELIVERED UNITED STATES TREASURY NOTE -15,000,000 15.000.000.00 DUE 01/31/2007 3.125 FITM A2 3.125R E7DA TERM ENT 02/07105 DEUVERED UNITED STATES TREASURY NOTE -25,000.000 25.000.00003 DUE 0191/2007 3.125 FITM A2 3.125Rillf7 TERM EIAENT 02/07105 RECEIVED UMW STATES TREASURY NOTE 50.000.000 49.999.999.99 DUE 0191/2007 3.125 3.125 CIMK7 FITM A1A RESALE T 02/07105 INTEREST FEDERAL HOME LOAN MTO CORP Milli 657.97 SERIES 2488 CLASS SO DUE 03:11. 6.520 ATM 102 REPO I 02/07105 INTEREST UNITED STATES TREASURY NOTE MIN 12.192,69 DUE 11J 4250 FRM A2 REPO I 02/07105 INTEREST UNITED STATES TREASURY NOTE 64,271,35 DUE ISO 1.000 111 02/07/05 INTEREST UNITED STATES TREASURY NOTE 7.372.25 DUE ON. 3.625 ATM A2 REPO I 02/07/05 INTEREST WEED STATES TREASURY NOTE DUE cote 1,125 3,229.17 FINANCIAL TRUST CO INC STATEMENT PERK* February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NUMBER On PIM LAST STATEMENT January 31.2005 027 MOLDS:T1:09 001 '.872 EFTA00196253

CLEARED THROUGH ITS IMPLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 25 0 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEMEMDE TRADE DATE DATE TRANSACTION DESERPRON SYMeCtoCUSIP OULMITY DEBIT AMOUNT CREDIT AMOUNT 02/07/05 INTEREST UNTIED STATES TREASURY NOTE 4,604.17 DUE 01/=.00.7_"II _3.125 NM 02/09105 JOURNAL GOVERNMENT NATIONAL NM ASSN -4.300.000 SERIES 2004.5 CLASS PS 4,450 FITM AI REPO A 02/09105 JOURNAL GOVERNMENT NATIONAL NIG ASSN MEM 4.300.000 500,000,00 SERIES 2004-5 CLASS PS 4,450 • FITM A2 TERM AAENT 02/09105 INTEREST GOVERNMENT NATIONAL NM ASSN MIN 465.00 SERIES 2004-5 CLASS PS DUE 4,450 ATM A2 REPO I 02/10105 JOURNAL FEDERAL NATIONAL MIG ASSN 111111 11,214.184 8,409.000 .00 SERIES 329 CLASS PO DUE 01101/33 STRIP TE RRA RM RIIIIM AZENT 0210,05 JOURNAL FEDERAL NATIONAL MTO ASSN -11,214.184 8.514.003.00 SERIES 329 CLASS PO DUE 01101/33 STRIP ATM Al REPO AMIE. 02 10:05 JOURNAL FEDERAL NATIONAL MTO ASSN -5.063.863 3.784.000 00 SERIES 352 CLASS 1 FINANCIAL TRUST CO INC STATEMENT RER•00 February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NUMBER OR PIM LAST STATEMENT January 31.2005 0,001 RIM AT REPO A 027 03,0L05:11:09 001 VE172 EFTA00196254

CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 26 0 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) FINANCIAL TRUST CO INC STATEMENT Puce February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NumeEn ON FIk LAST STATEMENT January 31.2005 SETTLEMENT TRADE DATE DATE TRANSACTION DESCnincti SymeCtictive OVAARITT Oen ;wow CREDIT AMOUNT 02.110/05 JOURNAL UNITED STATES TREASURY BONDS ATM ligit Al -10.000000 11.762.500.00 5.375 REPO AGREEMENT 02/10/06 INTEREST FEDERAL NATIONAL MTG ASSN SIM 6.046.90 SERIES 329 CLASS PO STRIP DUE Ojai. 0.000 FITM A2 REPO I 02/11,05 JOURNAL UNITED STATES TREASURY NOTE IMO 52.000.000 53.105.000.00 ATM Hui A2 0.250 , 14 TERM REPO AGREEMENT 02/11106 JOURNAL UNITED TATES TREASURY NOTE SIM -57.000.000 58.140.000 .00 FITM Al 0.260 10 REPO AGREEMENT 02/11105 JOURNAL FEDL HOME LOAN MTG CORPNS02680 1.532.264 1,199,000.00 SERIES 218 CL PO DUE 0 ATM 30,A2 TERM ENT 02/11105 JOURNAL FEDL HOME LOAN MTG OCAPNS02684 9.717,841 7.600.000.00 SERIES 218 CI. PO DUE 0 FITM 3011 0 A2 TERM ENT 02/11/05 INTEREST UNITED STATES TREASURY NOTE 11.181.66 DUE Ile 4.250 FITM A2 REPO I 02/11/06 INTEREST FEDL HOME LOAN 14113 OCAPNS02680 I .300.92 SERIES 218 CI. PO DUE 0 0.000 ATM A2 REPO I 027 030IDS:l 1:09 001 V872 EFTA00196255

CLEARED THRouGH ITS yniCtLY OmE0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 27 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMETO TRADE DATE DATE TRANSACTION DESORPTION 02/11105 INTEREST FEDL NOME LOAN MTG OCAPPS02684 SERIES 218 CL PO DUE 07 . 0.000 ATM A2 REPO I 02/14105 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE 'Ti lt,. ATM Al REPO 02/14105 JOURNAL FEDL NNE LOAN MI6 OORPteS10109 SERIES 227 CLASS ID 5.000 1.r4 FITM Al REPO A 02/I 4105 DELIVERED UNITED STATES TREASURY NOTE DUE 12/31/2006 3.000 3.000 FITM MirA2 TERM EMENT 02/I 4105 RECEIVED UNITED STATES TREASURY NOTE DUE 12/31/2006 3.000 3.000 FITM AI RESALE T 02/14,05 INTEREST UNITED STATES TREASURY NOTE DUE 12/3=13ry 3.1:100 Mir 02/15105 JOURNAL FEDERAL HOME LOAN MTG CORP SERIES 2488 CLASS SO 5.410)00132 FITM A2 TERM MENT FINANCIAL TRUST CO INC STATEMENT PERK* February 1.2005 THROUGH February 28.2005 AccouNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT January 31.2005 STMEKCCUSIP GUMMY OMIT AMOUNT CREDIT AMOUNT -5.310.807 13.110.00 3.963.000.00 NM. -9.869.325 2.156.000.00 NMI -160.000.000 160.000.000.00 185.000.000 185.000.000.00 67,066,67 10,944.807 027 010L05:11:09 001 van EFTA00196256

CLEARED THROUGH ITS YAIOU.Y 0015E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 28 cl 33 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSAMON DESORPTION 02/15105 JOURNAL FEDERAL HOME LOAN MTO CORP SERIES 2488 CLASS SO 5.410 / HIM Al REPO 02/I 5105 JOURNAL FEDERAL NATIONAL MTO ASSN SERIES 346 CLASS DUE 11Aiii r FITM Al REPO 02/16'05 JOURNAL FEDL HOME LOAN MIG CORIANSIOi09 SERIES 227 CLASS 10 5.000 11.4 FIRM Al REPO A 0215105 JOURNAL 104TE0 STATES TREASURY BONDS FIRM Al 5.375 REPO AGREEMENT 02/15105 JOURNAL LINTER ATE TREASURY 80NDS FIRM A2 5.375 1 TERM REPO AGREEMENT SYklifiCtiCtdie FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT January 31.2005 °Herrin DEBIT AMOUNT CREDIT AMOUNT -10,944807 310000.00 -5.310.807 3.972.000 .00 -9.869.325 2.125.000.00 -8.000.000 9.087.000.00 10.000.000 11.762.500 AO 02/15105 JOURNAL UNITED TATES 1 SURY NOTE FIRM Al 4.250 14 REPO AGREEMENT -42.000.000 42.840.000.00 02/15105 JOURNAL LIMTEO SIAJESJREASURY NOTE FITM 42 4.250 14 TERM REPO AGREEMENT 57,000.000 58.140.003.03 02/15105 DELIVERED LINiTE0 STATES TREASURY NOTE DUE 01/31/2007 3.125 3.125.. 7 FIRM A2B TERM EEMENT -5.000.000 4.999.999 .99 027 0201,05:11:09 001 V872 EFTA00196257

CLEARED THROUGH ITS MIPS? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 29 0 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION SYMOCloCUSIP PANTRY DEBIT AMOUNT CREDIT AMOUNT 02/15105 RECEIVED UNITED STATES TREASURY NOTE 15.000.000 15.075.000 .00 DUE 01131/2007 3.125 3,125 FITM FITM A3 RERSi F T 02115+05 DEUVERED UNITED STATES TREASURY NOTE -50.000.000 49.999.999.99 DUE 01131/2007 3.125 FITM A2A 3.125soi r TERM EMENT 02/15/05 INTEREST UNITED STATES TREASURY BONDS 3.777.07 DUE OZila 5.375 FITM A2 REPO I 02/15105 INTEREST UNITED STATES TREASURY NOTE 1111111 13,436,80 DUE 4250 FITM A2 REPO I 02/15/05 INTEREST UNTIED STATES TREASURY NOTE 1,569.44 DUE 01! 3.125 FITM A26 RESALE 02/15/05 INTEREST UNTIED STATES TREASURY NOTE 15,694,44 DUE Ole 3.125 FITM A2A RESALE 02/16/05 JOURNAL FEDERAL HOME LOAN MTO CORP 10.944.807 310,000,00 SERIES 2488 CLASS SO 5,410 FITM 30.2 TERM ENT 02/16!05 JOURNAL FEDERAL HOME LOAN MTO CORP -10.944.807 310,000,00 SERIES 2488 CLASS SO FINANCIAL TRUST CO INC STATEMENT PERK* February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NumeER OR He LAST STATEMENT January 31.2005 5.410 FITM 31.3 TERM ENT 027 03,0IDS:l 1:09 001 V872 EFTA00196258

CLEARED THROUGH ITS MOST ORBED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 30 0 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEMENENT TRADE DATE DATE TRANSACDON DESORPTION SYMEICAGUSIP OUNNTITT DEBIT AMOUNT CREDIT AMOUNT 02/16(05 JOURNAL GOVERNMENT NATIONAL MTO ASSN 22.100.000 2.601.000.00 SERIES 2004-5 CLASS PS 4.450 FILM Fi lmes TERM ENT 02/16/05 JOURNAL GOVERNMENT NATIONAL MTO ASSN -22.100.000 2.601.000.00 SERIES 2004-5 CLASS PS 4.450 EOM 31.16 TERM ENT 02/16'05 JOURNAL FEDL HOME LOAN MTG CCAPeS10i09 MIK -13.817.056 SERIES 227 CLASS FSITM MNAWAI REPO 02/1695 JOURNAL FEDL NOME LOAN MTO CORP#S10109 -5.921.595 1.285.000.00 SERIES 227 CLASS 10 FSITM XIN laAI REPO 02/1695 JOURNAL FEDL NOME LOAN MTG CORPoSi wog MIK 9.869.325 2,125,000.00 SERIES 227 CLASS 10 FS.000 ITM F rA2 TERM MENT 02/16.05 JOURNAL FEDL NOME LOAN MI6 OCAPeS10109 9.869,325 2,156,000.00 SERIES 227 CLASS 10 FSITM MNR rA2 TERM MENT 02/16435 JOURNAL MATEO STATES TREASURY NOTE ATM A2 MIK 42.000.000 42.840.000.00 4.250 14 (rip TERM REPO AGREEMENT 02/16/05 JOURNAL LIMTE0 TALES TREASURY NOTE INK -45.000.000 45.900.000 .00 FILM Al FINANCIAL TRUST CO INC STATEMENT PERK* February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NUMBER On Pile LAST STATEMENT January 31.2005 4.250 14 REPO AGREEMENT 027 0101:05:11:09 001 van EFTA00196259

CLEARED THROUGH ITS WHOLLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 31 cl )) Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEMEMENT TRADE DATE DATE TRANSACDON DESORPTION SYMEMICUSIP DUAARITY DEBIT AMOUNT CREDIT AMOUNT 02/16/05 INTEREST FEDERAL HOME LOAN MTO CORP SERIES 2488 CLASS SO DUE 03! 5,410 FITM 012 24.03 REPO I 02/16(06 INTEREST FEDERAL HOME LOAN MTO CORP 24.03 SERIES 2488 CLASS SO DUE 03! 6.410 FIN A3 REPO I 02/16)05 INTEREST GOVERNMENT NATIONAL KIM ASSN EMI 7.025.69 SERIES 2004-S CLASS PS DUE 02:1101 4.460 FIN AS REPO I 02/16)05 INTEREST GOVERNMENT NATIONAL MI13 ASSN 7.025.69 SERIES 2004-S CLASS PS DUE 02/1101 4.450 FITM A6 REPO I 02/16)05 INTEREST FEDL HOME LOAN MTG CORPFES10t09 164.69 SERIES 227 CLASS 10 DUE I 6.000 FIN A2 all REPO I 02/16)0S INTEREST FEDL HOME LOAN MTG CORN/Mine MIS 334.18 SERIES 227 CLASS 10 DUE I 5.000 FITM A2 I REPO wo 02/16435 INTEREST UNITED STATES TREASURY NOTE SIM 261.80 FINANCIAL TRUST CO INC STATEMENT PER•00 February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NUMBER ON FIk LAST STATEMENT January 31.2005 DUE I 1;40 4.260 FITM A2 REPO I 027 0101G5:11:09 001 van EFTA00196260

CLEARED THROUGH ITS YAICU.Y OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 32 0 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEnLEmENT Ma DATE DATE TRANSACTION DESCRPRON ME/MCl/SIP "m DEBIT AMOUNT CREDIT AMOUNT 02/17/05 JOURNAL FEDL HOME LOAN MTG CORP8S10109 -5.921,595 I1Y SERIES 227 CLASS 10 FSITM MNAllirAl REPO 02/17105 JOURNAL FEDL HOME LOAN MTG CORP8S10109 5.921,595 1.285.000.00 SERIES 227 CLASS 0 5.000 FITM Fitle2 TERM ENT 02/17105 JOURNAL FEDERAL HOME LOAN MTO CORP 10,944.807 310,000.00 SERIES 2488 CLASS SO 5.410 2 FITM A4 TERM ENT 02/17+05 INTEREST FEDL HOME LOAN MTG OCAPPS10109 NMI 99.59 SERIES 227 CLASS 10 DUE IWO 5.000 ATM A2 REPO I 02/17,05 INTEREST FEDERAL HOME LOAN MTO CORP 48.05 SERIES 2488 CLASS SO DUE 031ll 5.410 RIM A4 REPO I 02/18105 JOURNAL UNITED STATES TREASURY BONDS ATM jimAl -6.000.000 6,712,500.00 5.375 1 REPO AGREEMENT 02/18105 JOURNAL LIMTED TATS I SURY BONDS 8.000,000 9,087,000.00 ATM A2 5.375 1 TERM REPO AGREEMENT 02 18 05 JOURNAL UNITED SWAY NOTE 45,000.000 45.900.000.00 ATM A2 FINANCIAL TRUST CO INC STATEMENT PEF000 February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NUMBER OR He LAST STATEMENT January 31.2005 4.250 14 TERM REPO AGREEMENT 027 03,01,05:1 1:09 001 V872 EFTA00196261

CLEARED THROUGH ITS MIMI? OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 33 ci ). Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) scnumeil Tux DAN DATE TV0C3ACSON DESORPTION SYMEICESCUSIP OIJANTIlY OMIT ;wow CREDIT AMOUNT 02/18/05 JOURNAL MTN) STATES TREASURY NOTE -30.000.000 29.475.000 AO FITM Hip Al 4.000 15 REPO AGREEMENT 02/18/05 INTEREST UNiTE0 STATES TREASURY BONDS 1.807.30 DUE ODA, 5.375 FITM A2 REPO I 02/18/05 INTEREST utaTE0 STATES TREASURY NOTE 3.060.00 DUE 11/111 4.250 FITM A2 REPO I 02/22/05 JOURNAL DICED ASURY BONDS mu Al -3.000.000 3,322.500 .00 5.375 31 REPO AGREEMENT 02/22/05 JOURNAL UMTE0 ASuRY ECK'S 6.000.000 6,712,500.00 FITM A2 5.375 31 TERM REPO AGREEMENT 02/22/05 DELIVERED UNITED STATES TREASURY NOTE -185.000.000 185.000.000.00 DUE 12/31/2006 3.000 3.000 FISH Rililarr ENT TERM m 02/22/05 RECEIVED UNITED STATES TREASURY NOTE EMI 195.000.000 194.756.250.00 DUE 12/31/2006 MOO 3.000 WIC6 FITM Al RESALE T 02/22/05 INTEREST OWED STATES TREASURY BONDS 1.790.00 FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT January 31.2005 DUE 02/ 5.375 DUMB A5 REPO I 027 03,01G5:11:09 001 Y872 EFTA00196262