CLEARED THROUGH ITS ValCtLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 34 O Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEGLEMENT DATE 02/22/05 TRADE DATE TRANSACTION INTEREST DESERTION UMTEO STATES TREASURY NOTE DUE 12/31200E_ III. ._3.000 IS 02/23/05 RECEIVED LIMTEO STATES TREASURY NOTE DUE 01/31:2007 3.125 3.125 1.1)7 FILM Al RESALE T 02/23/05 DELIVERED LINTS) STATES TREASURY NOTE DUE 01/31/2007 3.125 3.1251.1r Em FILM A4 TERM ENT 02/23105 INTEREST UNITED STATES TREASURY NOTE DUE 01/S 3.125 FILM A4 RESALE SYMEIELGUSIP OUNGITY 003n ;wow FINANCIAL TRUST CO INC STATEMENT PERIOD PEtruilly 1.2006 THROUGH FeoluNy 28.2005 ACCOUNT NUMBER TAXPAYER NUMBER On Pile LAST STATEMENT January 31.2005 CREDIT AMOUNT 84.740,28 8.000.000 7,990,000.00 -15.000.000 16.075.000 .00 3.400.25 02/24/05 DELIVERED UNITED STATES TREASURY NOTE DUE 12/31/2006 3.000 3.000 FILM RIMIC2 m TERM ENT -195,000,000 194.758.250.00 02/24105 RECEIVED UNITED STATES TREASURY NOTE DUE 12/31/2006 3.000 3.000 FILM elkittl RESALE 200,000,000 200.000.000.00 02/24105 INTEREST LIMITED STATES TREASURY NOTE DUE ISO 1.000 23,370.75 02/25/05 JOURNAL FEDERAL NATIONAL MI6 ASSN SERIES 346 CLASS 1 DUE 1110. FILM Al REPO -3.929.997 027 0201005:11:09 001 Y1172 EFTA00196263

CLEARED THROUGH ITS YiDIMLY OMED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 35 0 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE DIANSACRON DESCRFRON RIME/MCl/SIP CUANTITY DEBIT AMOUNT CREDIT AMOUNT 02/2905 JOURNAL FEDERAL NATIONAL KIM ASSN -1.380.809 1.000.000.00 SERIES 346 CLASS 1 DUE 11 ATM Al REPO 02/25/05 JOURNAL FEDERAL NATIONAL MTO ASSN 5.310807 3.963.000.00 SERIES 346 CLASS 1 ATM A2 DUE I TRIS TERM MENT 02/25105 INTEREST FEDERAL NATIONAL MI6 ASSN 3136FCBC9 3.378.46 SERIES 346 CLASS 1 DUE I Jill MOO ATM A2 REPO I 02/28105 JOURNAL FEDERAL NATIONAL KIM ASSN NMI 3.929,997 SERIES 346 CLASS 1 ATM A2 DUE I Ja i TERM MENT 02/28105 JOURNAL FEDERAL NATIONAL MM ASSN -3239.592 SERIES 346 CLASS 1 DUE 11 NM Al REPO A 02/28/05 JOURNAL FEDERAL NATIONAL KIM ASSN -690.404 500 000.00 SERIES 346 CLASS 1 DUE 11 NM Al REPO 02/28105 JOURNAL FEDERAL NATIONAL MTO ASSN -13,375,837 9.696.000.00 SERIES 329 CLASS PO DUE 01101/33 STRIP FINANCIAL TRUST CO INC STATEMENT PERK* February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT January 31.2005 ATM Al REPO 027 03,0L05:11:09 001 VE172 EFTA00196264

CLEARED THROUGH ITS ValCtLY EMBED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 36 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER NUMBER On Pile LAST STATEMENT January 31.2005 SEMEMENT TRADE DATE DATE TFMNSACRON DESCRPRON SYMBCOJCUSIP "m DEBIT AMOUNT CREDIT AMOUNT 02/28/05 JOURNAL FEDERAL NATIONAL WO ASSN 13.375,837 11Y 10.014,000 .00 SERIES 329 CLASS PO DUE 01101/33 STRIP TE RRA RM RIIIIIM AZENT 02/28/05 INTEREST FEDERAL NATIONAL MTO ASSN 3136FAWE6 24 058,64 SERIES 329 CLASS PO STRIP DUE Mill 0,000 FITM A2 REPO I TOTAL S-1.178.191243.46 91.126.885.746.12 MISCELLANEOUS DATE ma OAT TROMSACTESAI 02/09105 JOURNAL DESCRIPTION 04 TREASURY REBATE ARM DENT AMOUNT CREPT NACLA1 30.973,04 02/09105 JOURNAL FNAAA-30YR(FNAAMOTO SETL02/05 5500 DUE 02101/35 ABS NET 02/09/05 76.953,13 02/10/05 JOURNAL FNMA-30YR(FNMA)OTO 5.078,12 SETL02/05 5,000 DUE 02101/34 MBS NET 02/10/05 02/10,05 JOURNAL FNMA 30YR GM 35.937.50 SETT, 02/05 6,000 DUE 02101/35 MBS NET 02/10/05 02/14/05 JOURNAL JAN OS SPEC CLEARING FEES 2.300.00 027 OCTOLOST 1:09 001 Yen EFTA00196265

CLEARED THROUGH ITS WHOU.Y onneo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 37 0 Transaction Detail (continued) MISCELLANEOUS (continued) DATE MOAT TITMISACTOI DESCRIPTION DEBIT AMCW41 MAT AAIDUNT 02/15105 JOURNAL FNMA SYR(FNMA-I 5)07D 14,609.37 SETT.02/05 5.500 DUE 02101/20 TABS NET 02/15/05 TOTAL 4-79.253.13 $86.544.43 Trades Executed Pending Settlement FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCCUNT NUMBER TAXPAYER AMBER On PIM LAST STATEMENT January 31.2005 SETTLEMENT DATE TRADE DATE "RAUSACTKIN CESCP pi3O% SYMBOLCUSP WWII" PIECE DENT AMOUNT CREDO AMOUNT 03101/05 02/28/05 SOLD UNITED STATES TREASURY BONDS -3.000.000,00 109,7226 3,297.915,88 05.375% FA 15 MA RITY OVER REF # G659%0711 03/1 4/05 02/0995 BOUGHT FNMA 30YR. GTD 20.000.000.00 101.8242 20.364.843.75 SETT, 03,05 F 05.500% 57310000 BS eatiates 02/17/05 BOUGHT FNMA 30YR. GTD 15.000.000.00 101.5585 15,233.789.06 SETT 03,05 F 05.500% 57360003 BS 03/1 0/05 02/0345 SOLD FNMA 30YR. GTD -10.000.000,00 101.5156 10.151,562 ,50 SETT, 03,05 - 05.500% 57710000 BS 027 0101,05:11:09 001 'e872 EFTA00196266

CLEARED 1HROuGH ITS YAIOU.Y ORB.G0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 38 c? Trades Executed Pending Settlement (continued) SETREMENT DATE TRADE DATE TRANSACTION 03/14105 02/10105 SOLD 03/I 4105 02/03105 BOUGHT 03/14/05 02/17105 BOUGHT 03/14105 02/10105 SOLD 03/14105 02/03105 BOUGHT 03/14105 02/09105 SOLD DESCRIPTION FNMA 301/1.010 SETT, 03105 pi psi 05.500% 57610000 BS FNMA-30YR(FNMA)G1D SETT.03/05 11011.1106,000% 57750000 BS FNMA-30YR1FNMA)G1D SETT.03/05 /11001005,000% 57300000 BS FNMA 301RtFNMAIGID SETT, 03 os imam osmen. 57670000 BS FNMA 301F8FNMA) 010 SETT 03105 06,000% 57730000 BS FNMA 9DYR1FNMA) 010 SETT 03105 06800% 57340000 BS TOTAL The chore Peons 4o nol apps in airy olhc. eaten o1 this slairntet FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2005 THROUGH February 28.2005 ACCOUNT NUMBER TAXPAYER MAGER On File LAST STATEMENT January 31.2005 SYMEIOLCUSP OJANTIP PRCE DEOIT AMOUNT CREPT AMOUNT -10.000.000,00 101,6718 10,167.187 .50 10.000.000,00 99,4375 9.943.750 80 10.000.000,00 9%5429 9.954.296,88 -10.000.000,00 99,7382 9.973.828,13 20.000.000,00 103,0156 20803,125,00 -20.000.000.00 103,1875 20.637.500 80 378.099.804.89 554,227,994.01 027 0:110I105:11:09 001 9872 EFTA00196267

CLEARED THROUGH ITS WHOU.Y omeo SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE wswi.bearsteams.cOm What's In This Statement Financial Summary Your Portfolio Holdings Transaction Detail Trades Not Yet Settled Your Portfolio at a Glance 11111111111111111 I I 3 FINANCIAL TRUST CO INC 4 0/0 JEFFREY EPSTEIN 7 6100 RED HOOK QUARTER 26 STE B3 ST THOMAS VI 00802 TOTAL VAWE OF SECURITIES THIS PERIOD 10,656,868 LONG ACCRUED INTEREST 107,032 NET CREDIT BALANCE 976,344 Market Value of Your Portfolio Cash 8 Equwalent $976344 5732.186 NET EQUITY THIS PERIOD $11,740,244 NET EOUITY LAST STATEMENT 12,063,068 CHANGE SINCE LAST STATEMENT -322,824 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Ned Income 10.656.868 I $11.218594 Current market yak* egm Last statements market value FINANCIAL TRUST CO INC STATEMENT PERIOD January 1.2005 THROUGH January 31.2035 ACCMIST NUMBER TAXPAYER NUMBER On File LAST STATEMENT December 31.2004 SIK TRY Tying a TIOTHIMAND pwpons MESS rc4 "Eroded as a U. ex mliste TNT ststerneC should be Maned for your records Su worm THIT for greaten rdormalpn 027 0201GS:07:16 001 vary EFTA00196268

CLEARED 'THROUGH RS WHOLLY OBAED SUBSIDIARY FINANCIAL TRUST CO INC 2 oi 27 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 02,01,05:07$5 001 V870 EFTA00196269

CLEARED THROUGH ITS WHOU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 3 c. 2? Cash Flow Analysis THIS PERSTO Income Summary MS PEWS YEAR TO DATE Opening Balance $732,186.31 U.S. Govt. Bond Int. 285.117.41 285,117.41 Govt. Agency Int. 655,330.03 655,330.03 Securities Sold 1,327,851,391.84 Corp. Bond Int. 130.177A4 130,177.44 Dividends/Interest 1,070,624.88 Reverse Repurchase Int. 235.427.49 235.427.49 Miscellaneous 4,687.50 Total $1,306,052.37 $1.306.052.37 Amount Credited $1.328.926,704.22 Bond Purchase Int. -589.389.51 -589,389.51 Securities Bought -1,327,991,635.74 Repurchase Int. Exp. -118.021.37 -118,021.37 Funds Withdrawn -72.724.00 Dividends/Interest Charged -589.389.51 Miscellaneous -28.796.88 Portfolio Composition Amount Debited $-1.328.682,546.13 CashCash Equivalent 976.344 Fixed Income 10.656.868 Net Cash Activity 244.158.09 Closing Balance $976,344.40 Total $11.6331. Cash Balance Summary WINN° CLOSNO Margin 732,186.31 976,344.40 Net Cash Balance $732.186.31 $976,344.40 027 02,01,05:07:55 001 FINANCIAL TRUST CO INC STATEMENT PERK* January 1.2005 THROUGH January 31. 2005 ACCOUNT NUMBER TAXPAYER nusii3ER On FIk LAST STATEMENT December 31.2000 Your Portfolio Allocation Cash & Equivalent, 8% Uetivaed conees 0en,* debt bebnce ender seal male vela, Ma slocatich reverter is de•ved ewe Vo ebeol.te mere', value of f%/ palloo 1870 EFTA00196270

CLEARED THROUGH ITS INHOU.Y ORBED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 4 c/ 2? Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCDPION CASH BALANCE SrsilICLOSO MARKET ESTILIAIED CuRRENT OWNTiTY PiBCE VALUE ANNUAL iNCONE VELD 976.344 TOTAL CASH & CASH EQUIVALENTS 5974.344 FIXED INCOME Government & Agency Obligations DESCRPRON SIRSOLCUSP ACV' TYPE DUMMY PLACE IAARKET VALLE ACCRUED MEREST ESTMATW ANNUAL iNCOME CURREN, VELD IV FEDERAL HOME LOAN MTG CORP MRGN 15.029,420 9,5203 1.430.842 32.862 739.447 51.6792 SERIES 2530 CLASS SE DATED DATE 10/11/02 BOOK ENTRY ONLY DUE 02/1&2032 4,920% FACTOR — .25049034 FEDERAL ROME LOAN MTG CORP MRGN 6.446.913 8,6637 558.539 12.951 291.400 52,1718 SERIES 2526 CLASS SI DATED DATE 10/01/02 BOOK ENTRY ONLY DUE 0'2/15/2032 4.520% FACTOR — .25049033 FEDERAL NATIONAL MTG ASSN MRGN 3.672.130 84.8828 3.117.007 3 37 0.0012 STRIP MTG SERIES 322 CL PO DATED DATE 03/01/02 BOOK ENTRY ONLY DUE 03/01/2032 .001% FACTOR - 1.00000000 FECES& HOME WAN MTG CORP MRGN 12,935.618 &2178 1.063.020 25.987 584.690 55,0027 SERIES 2483 CL SL DATED DATE 07/02/02 BOOK ENTRY ONLY DUE 03/1512032 4.520% FACTOR - .22424606 FINANCIAL TRUST CO INC STATEMENT PERM January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER M.aER On File LAST STATEMENT December 31.2004 027 0201,05D7:SS 001 "870 EFTA00196271

CLEARED THROUGH ITS INTIOU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 5 O 2? Your Portfolio Holdings (continued) Government & Agency Obligations (continued) N:C" DESCDPnON SweCLCuSP nPt FEDERAL NATIONAL MTO ASSN SERIES 2003-49 CLASS SW DATED DATE 04/30/03 BOOK ENTRY ONLY DUE 01/25/2033 4.470% FACTOR — .56738039 Total Government& Agency Obligations OLIANTITY MRGN 13.791.178 ACCRUED PRICE MARKET VALUE !MEREST 8,1254 1.120.583 10.274 87288.991 $82,o77 FINANCIAL TRUST CO INC STATEMENT PERM January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER AA.103ER On FIM LAST STATEMENT DELETED& 31.2004 ESTIAMED CURRSVr ANNUAL WOW YELD NG 616.466 55,0130 52232.040 Corporate Bonds DESCRP1ON SOMCLCUSP FANNIE MAE CMG,SEIRIES 2003-13 S ROR-ItO FUR DATED DATE 02/2503 BOOK ENTRY ONLY DUE Oa/2512033 5,470% FACTOR — .54744510 Total CorporateBonds ACC' TYPE MRGN DUMMY 27.372,254 ACCOJED PRICE IMRXET VALUE NTEFEST 12.3003 3.366.877 24.955 $3.166.877 $24.955 ESTIMATED ANMJAL INCOME 1.497.262 $1.497.262 CURFENT VELD PM 44,4704 TOTAL FIXED INCOME 510.656.868 $107.032 $3.729.302 YOUR PORTFOLIOHOLOINGSACCRUED INTEREST 5107.032 YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME 5-3.729.302 YOUR PRICED PORTFOLIOHOLDINGS $11.633.. 027 020105:07:55 001 Y870 EFTA00196272

CLEARED THROUGH ITS YAIDALY OUS*0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 6 Repurchase and Reverse Repurchase Transactions with Bear, Stearns& Co. Inc.outstanding as of date of statement PURCHASE/ FIEFURCHASE PRICING PURCHASE RIM ACCRUED REPO CAONTRY START DATE DATE RATE PAINCPAL INTEREST' (FACE AMOUNT) CUSP DESCRIPTION FINANCIAL TRUST CO INC STATEMENT PEF000 January 1.2005 THROUGH January 31.2005 AccouNT NUMBER TAXPAYER MAKER OR File LAST sTATEmENT December 31.2004 YOU SOLD (REPO) 01/13105 04/11105 GOVERNMENT NATIONAL MEG ASSOC 2.860 -2.601,000 -3.926 -22.100,003 SEES 2004-5 CLASS P 4.4500 02/20/33 YOU SOLD FANNIEMAE STRIP (REPO) 01/13/05 04/11/05 2.860 -11.902.000 -17.965 -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 -9.669 -30.000.000 SEES 353 CLASS 10 5.0000 07/01/34 YOU SOLD (REPO) 01/19/05 02/18+05 2.700 -7.600.000 -7.410 -43.190.000 FHLMC- STRIP PRNCAPAL ONLY YOU SOLD FANNIEMAE STRIP (REPO) 01/28/05 02/2/3/05 2.790 -10.014.000 -3.104 -25.000.000 SEES 329 CLASS PO 12/01132 YOU SOLD FANNIE MAE STRIP (REPO) 01/28+05 04/11/05 2.860 -7.351.000 -2.335 -35.000.000 SEES 353 CLASS 10 5.0000 07/01134 YOU SOLD (REPO) 01/28+05 02/28+05 2.790 -1.199.000 -371 -6.810.000 FHLMC- STRIP PRINCIPAL YOU SOLD GOVERNMENT NATIONAL MEG ASSOC (REPO) 01/28+05 02/28+05 2.790 -500.000 -155 -4.300.000 SEES 2004-5 CLASS P 4.4500 0920/33 YOU PROVIDED GOVERNMENT NATIONAL MEG ASSOC (MARGIN) 01/28+05 OPEN 0.000 -17.600.000 SEES 2004-5 CLASS P 4.4500 0920/33 YOU SOLD FEDERAL HOME LOAN MTG CORP (REPO) 01/28/05 02/2/3/05 2.790 -849.000 -263 -50.000.000 SEES 2488 CLASS SO 5.5200 03/15/32 YOU SOLD USER 3.6250 01/15/10 (REPO) 01/31/05 OPEN 2,420 -19.925.000 -1.339 -20.000.000 027 0201,05:07:55 001 Ya70 EFTA00196273

CLEARED THROUGH ITS YRIOU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 7 2? Repurchase and Reverse Repurchase Transactions (continued) with Bear,Stearns& Co.inc.outstanding as of date of statement (continued) PURCHASE/ START DATE REPURCHASE DATE PRICING RATE PURCHASE PRIES PRINCPAL ACCRUED REPO MEREST' GUMMY (FACE AMOUNT) CUSP DESCRIPTION YOU SOLD (REPO) 01/31/05 OPEN 2.170 -31.465.000 -1.896 -31.000,000 USTR 4,2500 11/15114 YOU SOLD FANNIEMAE STRIP (REPO) 01/31/05 02/10/05 2.760 -8.409.000 -644 -20.959,779 SERIES 329 CLASS PO 1201,32 YOU BOUGHT (REVERSE) 01/31/05 OPEN 1,930 176.220.000 9.447 176.000.000 USTR 3,0000 1213106 TOTAL REVERSE REPURCHASETRANSACTIONS $176.220.000 $9.447 FINANCIAL TRUST CO INC STATEMENT PERKO January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER NURSER On File LAST STATEMENT December 31.2004 TOTAL REPURCHASE TRANSACTIONS 1-108.221.000 $-49.077 As Cl 214IPTOM <WO Transaction Detail INVESTMENT ACTIVITY SETTLEMENT DATE TRADE DATE TRANSACTOR CESCMPTION SYMBOLCUSiP GUMMY PRICE DEBT AMOUNT CREDO MOUNT 01107/05 01/06105 BOUGHT UNITED STATES TREASURY NNE 10,000,000 99,86719 0986.718,75 04.250% MN IS ACM *It 62,223.76 MATURITY GVER REF # G0061006 Al 01107105 01/06105 BOUGHT UNITED STATES TREASURY NNE MEN 10.000.000 99.87109 9087,109.38 04.250% MN 0 MATURITY 15 ACCR, NIT, 62,223.75 GVER REF # G0071000 Al AS OF 01106/05 027 0201,05D7:SS 001 •••870 EFTA00196274

CLEARED THROUGH ITS wilDtLY CAM,E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 8 c12• Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACT/3N CESCRIPTION STIADOLICUSP oawrin PRICE DEBIT AMOUNT MEM AMOUNT 01/07/05 01/06/05 SOLD UNITED STATES TREASURY NOTE .40.000.000 99.69531 39.878.125 ,00 03.000% JD 30 MATURITY ACCR, INT, 23,204.42 GVER REF # G0061007 Al 01/07105 PRINCIPAL FEDERAL NATIONAL MTG ASSN -114.994 STRIP MTG SERIES 322 CL PO 0.001 DUE 03/01/32 PRINCIPAL REDUCTN 01-25-05 01/11105 01/10/05 SOLD UNITED STATES TREASURY NOTE -15.000.000 99.58984 14.938.476 ,56 03.000% JO 30 MATURITY ACCR, INT, 13.674.04 OVER REF # 00101017 Al 01/13/05 01/07105 BOUGHT FEDERAL NATIONAL MTG ASSN 16.314.621 80.34376 13.107,778 .31 SEFUES 329 CLASS PO STRIP 1/1.57450000 BS 01/13+05 01/07+05 BOUGHT FEDERAL NATIONAL MTG ASSN EMI 28.945.632 25.12500 7,272,590.12 SERIES 353 CLASS 2 ACM Mt 48,242.72 05.000% 57440000 BS ACCRUES ON 1ST. PAYS ON 25TH 01/13+05 01/12+05 BOUGHT UNITED STATES TREASURY NOTE MIK 10,000.000 100.12109 10,012,109.38 04.250% MN 15 ACCR, INT. 69,267.95 0 MATURITY GVER REF # G0121006 Al 01/13A)5 01/12/05 SOLD NITED STATES TREASURY NOTE -30.000.000 99.60938 29.882.812 .50 DUE 12/31+2006 03.000% JD 30 ACCR. INT. 32.320 SPECIAL INSTRUCTIONS .44 I FINANCIAL TRUST CO INC STATELIER, PERIOD January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER KUMMER On File LAST STATEMENT December 31, 2004 IELD 3206 % TO MATURITY GVER REF # G0125168 A3 wwEe 027 0201 05:07:55 001 V870 EFTA00196275

CLEARED THROUGH ITS WHOM.? EIMS*0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 9 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 01/18105 TRADE DATE TRANSACT/3N 01/14105 SOLD DESCRIPTION UNITED STATES TREASURY MUTE 04.250% MN 15 0 MATURITY GVER REF # G0141001 Al 01/18/05 01/14105 SOLD UNITED STATES TREASURY NNE 03.000% JD 30 MATURITY OVER REF it G0141002 Al 01/18/05 01/14105 BOUGHT UNITED STATES TREASURY N0TE 03.625% JJ 15 MATURITY GVER REF # G0141003 Al 01/18(05 PRINCIPAL FEDL HOME LOAN MTG CORPitS02684 SERIES 218 CL PO DUE 02/01/32 PRIN RID 12-04 PM 01-15-05 REPO P 8I 0.0000 01/18105 PRINCIPAL FEDERAL FINE LOAN MTG CORP SERIES 2483 Q. SL 4.520 DUE 03/15132 PRINCIPAL REDUCTN 01-15-05 01/18105 PRINCIPAL FEDERAL HOME LOAN MTO CORP SERIES 2530 CLASS SE 4.920 DUE 02/15/32 PRINCIPAL REDUCTN 01-15-05 STMEIOLCUMP OVAMITY -9.000.000 PRICE 100.20313 ACCR, INT. ,itkl CA, FINANCa TRUST CO INC STATEmENT PERK* January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER NUMER On File LAST STATEMENT December 31, 2004 DEBIT AMOUNT GRECO' AMOUNT 9,018.281 .25 67,624.31 -15.000.000 99.57031 ACCR. INT. 14.935,546 ,88 22.375.69 20.000.000 ACCR, 1L 99.61719 19.923.437.50 6.008.29 381.961.00 -470.084 -498.652 01/18105 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS Si 4.520 DUE 02115/32 PRINCIPAL REDUCTN 01-I 5-05 -213.898 01/19105 01/18105 SOLD UNITED STATES TREASURY NOTE 04.250% MN 15 0 MATURITY GVER RE? # G0181001 Al -9.000.000 100.12500 ACCR, INT. 9.011.250.00 68.680.94 021 0201 0507:55 001 .870 EFTA00196276

CLEARED THRouGH ITS valOLLY ORBED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 10 c! 27 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION 01/19105 01/18/05 SOLD 01/19105 01/18105 BOUGHT 01/20/05 12/07104 CANCEL SELL 01,20.05 12/15/04 BOUGHT 01/20+05 12/07+04 SOLD 01/2005 12/15+04 CANCEL BUY 0 I '2005 12/0704 BOUGHT Dues P1104 UNITED STATES TREASURY NOTE 03.000% JO 30 0 MATURITY GVER REF ft G0181005 Al $0.100..00$-P OuANTir, PRCE FINANCIAL TRUST CO INC STATEMENT PEF000 January 1.2005 THROUGH January 31.2005 *scow! NUMBER TAXPAYER NUMBER On File LAST STATEMENT December 31, 2004 DEW AMOUNT OEM AMOUNT UNITED STATES TREASURY NOTE 03.625%11 15 0 MATURITY GVER REF P G0181009 Al ONMA-30YRONMATOTO SETT:01105 57310000 BS AS OF 12/07104 TO C/3. PREVIOUS SELL ONMA-30YRTGNMATGTO )00000as 591.01/05 0:0000:0 BS GNmA-30vR(GMAA)GTO SETT.01.85 • • 05,500% 57310000 BS ON MA-30YR(GMAA)GTO SE T.01105 7020000 BS AS OF 12/15/04 TO C/3. PREVIOUS BUY ONMA-30YRONMATOTO SETT.011105 57780000 BS .16,000.000 99,52344 ACCR, INT. 15.923,750,00 25,193,37 NIS 20.000.000 99,48828 19.897.656.25 ACM, M. 8.011.05 7.000.000 101.96875 7.137.812,50 7.000.000 102.35156 7.164.609,38 -7.000.000 101.96875 7.137.812,50 VIII -7.000.000 102.35156 7,164.609,38 10,000.000 103.54688 10.354.687.50 027 020I,05:07:55 001 .870 EFTA00196277

CLEARED THROUGH ITS YAICU.Y OBBED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 11 o Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 01,20/05 TRADE DATE mAtisAcnoti 12;i5.04 CANCEL SELL OESCRIPTION ONMA-30YR(GNIAAJOTO SETT.01//05 7030000 BS AS OF 12/15/04 TO CM. PREVIOUS SELL 01,20/05 12/07104 CANCEL BUY GNMA-30TR(GNMAIGTO SETT.01//05 57780000 BS AS OF 12/07/04 TO CM. PREVIOUS BUY 01/2005 12/15/04 SOW GNMA-30YRONMAJOTO SETT.01/A35 1.0.5 06.0" 7030000 BS 01/21,05 JOURNAL FEDL HOME LOAN PAM CORP#S02684 SERIES 218 CL PO DUE 02/01/32 ADJUST POSITION 01/2905 PRINCIPAL FEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 CL PO 0,001 DUE 03/01/32 PRINCIPAL PAYMENT 01-25-05 01/2905 PRINCIPAL FANNIE MAE ONO/SERIES 2003-13 S RCR-10 FLTR 5.582 DUE 03/25/33 PRINCIPAL REDUCTN 01-25-05 01.25,05 PRINCIPAL FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW 4.582 DUE 01/25/33 PRINCIPAL REDUCTN 01-25-05 FINANCIAL TRUST CO INC STATEMENT PERK* January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER NUNSER DII File LAST STATEMENT December 31.2004 STIABOLCUSP OWARITY PRICE DEBIT AMOUNT CREDI A/lOcter 10.000.000 103.59375 10.359.375.00 -10.000.000 103,54688 10.354.687.50 .10.000.000 103.59375 10,359,375.00 -1 INININ 114.994.05 MIN -610.357 NMI -307.521 027 02,0I 005:07:5S 001 .870 EFTA00196278

CLEARED THROUGH ITS leni0M.Y Oune0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 12 r! Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 01/28,05 TRADE DATE TRANSACTOR 01/26105 BOUGHT DESORPTION FEDERAL NATIONAL MTG ASSN SEAMS 329 CLASS PO STRIP IMI.58050000 BS 01/28/05 01/2645 BOUGHT FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 illit s05.000% 8060000 BS ACCRUES ON 1ST. PAYS ON 2501 01/28/05 01/27/05 BOUGHT UNITED STATES TREASURY NOTE DUE 11/1512014 04.250% MN IS SPECIAL INSTRUCTIONS YIELD 4,224 % TO MATURITY OVER REF V G0272927 A3 riViE8 01,31105 01/27/05 BOUGHT FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO STRIP 00111 1,57200000 BS 01,31105 01/2645 SOLD GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS S8 04,720% 7450000 BS SY/ABOLICUSIP OUPPRTIY 13,595,517 PRICE 82.03125 FINANCIAL TRUST CO INC STATEMENT PERK* January 1.2005 THROUGH January 31.2005 ACCOUVT NUMBER TAXPAYER IMAGER On File LAST STATEMENT December 31, 2004 DEBIT AMOUNT 11.152.572,95 GREGG AAIDUNr 33.769.904 ACCR, 24.21875 8.178.648,71 126.637,14 10.000.000 100.20313 ACCR, NT. 10.020.312.50 86.878.45 11.398.361 8196875 9.343.094.60 -39.801.752 9,00000 ACCR, INT, 3,582,157.76 78276,79 01,31105 01,28105 BOUGHT UNITED STATES TREASURY NNE 04.250% MN IS MATURITY GVER REF # G0281002 Al 01,31105 01/2845 BOUGHT UNITED STATES TREASURY NOTE 03.000% JD 30 . % 0 MATURITY GVER REF # G0281000 Al 9.000.000 100.90234 ACCR, INT, 9.081.210.94 81.360,49 15.000.000 ACCR, WT, 99.58594 14.937.890.63 38.535,91 027 02010507:55 001 .870 EFTA00196279

CLEARED THROUGH ITS YAIOU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 13 c! 27 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRAusg,Bon 01/31/05 01/28/05 SOLD j.ESLF pno” UNITED STATES TREASURY 1431E r 03,625% JJ 15 . MATURITY G.ER REP tt G•281001 Al STIUBOLGUEV OVANTITY PRCE -20.000.000 99,76563 ACCR, INT. FINANCIAL TRUST CO INC STATEMENT PERM January 1.2005 THROUGH January 31.2005 AGLOW! NUMBER TAXPAYER isafuSER On File LAST STATEMENT December 31, 2004 DEW AMOUNT CREDIT MOM 19.953,125 ,00 32.044,20 TOTAL 1,188,507,003.91 $193.000.39158 DEPOSITS AND WITHDRAWALS DATE TFONSACTCN DESORPTION DEEM AMOUVT CREDIT AMOUNT 01,05,'05 FND WIRED MDA# GY154679 FNDS WIRED TO 72.724,00 FLEET NATIONAL BMW AC2387604020 NY#35491 TOTAL $.-72,724.00 INTEREST DATE DESORPTION STIABOLDLISIP OUANTITY RATE DEBIT AMOUNT CREDIT AMOUNT 01/18/05 FEDERAL NOME LOAN MTO CORP 4.5200 51.360,60 SERIES 2483 CL SI. DUE 03/15/2032 4.520 INTEREST PAYMENT 01-15.05 01/18/05 FEDERAL HOME LOAN MTO CORP 5,5200 54.201,35 SEEMS 2488 CLASS SO DUE 03/15/2032 5.520 INT R/D 12-04 P/0 01-15-O5 REPO P & I 5.5975 01/18/05 FEDERAL WA* LOAN MTO CORP 4,9200 64.667)5 SERES 2530 CLASS SE DUE 02/15/2032 4.920 INTEREST PAYMENT 01-15-05 027 02,01,05:07:55 001 '.1170 EFTA00196280

CLEARED THROUGH ITS YAICU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 14 o Transaction Detail (continued) INTEREST (continued) FINANCIAL TRUST CO INC STATEMENT PERK* January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER MASER (Nine LAST STATEMENT December 31.2000 DATE DESCRIPTION SYMEICIJCUSIP DOWNY RATE ITN DEBIT AMOUNT CREDO AMOUNT 01/18105 FEDERAL HOME LOAN MTO CORP 4.5200 25,519.23 SERES 2526 CLASS SI DUE 02/15/2032 4.520 INTEREST PAYMENT 01-15-05 01/18105 GOVERNMENT NATIONAL TATO ASSN 4.7930 166998.04 SERES 2004-2 CLASS SB DUE 01/16/2034 4.793 INT RID 01-05 PA) 01-16-05 REPO P I 4.7931 01/20/05 GOVERNMENT NATIONAL WO ASSN 4.5400 82.855.00 SERES 2004-5 CLASS PS DUE 02/20/2033 4.540 INT RID 12-04 PM 01-20-05 REPO P SI 4.5400 01/20/05 GOVERNMENT NATIONAL TATO ASSN 4.5400 83.611.67 SERES 2004-5 CLASS PS DUE 02/20/2033 4.540 INT RFD 12-04 PA 01-20-05 REPO P d I 4.5400 01/25105 FANNIE K1AE CMO/SERIES 2003.13 5.5820 130.177.44 S RCR-VD RTR DUE 03/25/2033 5.582 INTEREST PAYMENT 01-25-05 01/25/05 FEDERAL NATIONAL NM ASSN 4.5820 53.839.40 SERIES 2003-49 CLASS SW DUE 01/25/2033 4.582 INTEREST PAYMENT 01-25-05 TOTAL $707.230.6e 027 020105:07:55 001 V870 EFTA00196281

CLEARED THROUGH ITS VOICtLY ORTNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 15 c! Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stearns& Co. Inc. SETTLEMENT TRACE DATE DATE TRANSACTION DESCRPTCN SYMEICIJCUSIP awn" DEBIT ;wow CREDIT AMOUNT 01/07/05 JOURNAL LIMTEO STATES TREASURY NOTE -20.000.000 20.050.000.00 FONT crimp Al 4.250 14 REPO AGREEMENT 01/07/05 DELIVERED UNITED STATES TREASURY NOTE INIIIIII -75.000.000 75.000.000 .00 DUE 12/31/2006 3.000 3.000 DUE 12/31/06 RIM F3660898 A2 TERM RESALE AGREEMENT 01/07/05 RECEIVED UNITED STATES TREASURY NOTE IIIIIIII 115.000.000 115.000.000 .00 DUE 12/31/2006 3.000 3Flar DOIAI RESALE T 01/07/05 INTEREST MATED STATES TREASURY NOTE IIIIIIII 25.416.67 DUE 12131/2006 .000 F3660898 INTEREST 01110105 JOURNAL FEDL HOME LOAN MTG COAH/S02684 -11,512,346 8.628.000.00 SERIES 218 CL PO FILM Al DUE Ojai. REPO 01/10/05 JOURNAL FEDL HOME LOAN MIG OC6P4S02684 11.512,346 9.478.000 .00 SERIES 218 CL PO DUE 0 FILM A2 TERM ENT 01/10105 JOURNAL GOVERNMENT NATIONAL MTO ASSN 21.900,000 SERIES 2004-5 CLASS PS 4.540 DUE 02/20/33 FILM F3573210 A2 TERM REPO AGREEMENT 01/10105 JOURNAL GOVERNMENT NATIONAL MTO ASSN -21.900.000 500.000.00 SERIES 2004-5 CLASS PS FINANCIAL TRUST CO INC STATEMENT PERICO January 1.2005 THROUGH January 31.2035 ACCOUNT NUMBER TAXPAYER KAISER On File LAST STATEMENT December 31.2004 4FRA4 .540 AI REPO A 027 020105:07:55 001 V870 EFTA00196282

CLEARED THROUGH ITS INTIOU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 16 a 2? Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION SYMEMICUSIP CVANTITY DEBIT AMOUNT 01/10105 INTEREST FEDL NOME LOAN MT0 OUIPeS02684 53,550.70 SERIES 218 CL PO DUE 07".. 0.000 ATM A2 REPO I 01/11105 RECEIVED UNITED STATES TREASURY NOTE DUE 12)31/2006 3.000 3.000 FITM 1111(21C RESALE T 01/11105 RECEIVED UNITED STATES TREASURY NOTE DUE 12)31/2006 3.000 3,000 FITM 4111111106A 1 A RESALE M iltregIT 01/11.'05 RECEIVED UNITED STATES TREASURY NOTE DUE 12131/2006 3.000 3.000 FITM AIB RESALE 01/11.'05 DELIVERED UNITED STATES TREASURY NOTE DUE 12/31/2006 3.000 3,000 FILM JWA2 TERM e EMENT 01/11/05 INTEREST UNITED STATES TREASURY NOTE DUE 12i3.1.2.OD6_ _3.000 Fir III 01/13105 JOURNAL FEDERAL NATIONAL 1.110 ASSN SERIES 329 CLASS PO DUE 01)01,33 STRIP FILM yip Al REPO A FINANCIAL TRUST CO INC STATEMENT PERK* January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER NLAIBER On Rile LAST STATEMENT December 31.2000 CREDIT AMOUNT 30,000.000 29.999.999 .99 50.000.000 49.999.999.99 50.000.000 49.999.999.99 -116.000.000 115.000.000.00 25,491.67 .16,314.621 11.902.000 .00 027 02,01,05:07:S5 001 .870 EFTA00196283

CLEARED THROUGH ITS YAICU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 17 C! 27 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEmENT TRADE DATE DATE nvecMCnON DESCRencti 01/13105 JOURNAL GOVERNMENT NATIONAL LIM ASSN SERIES 2004-2 CLASS SB 4.7933.4 FITM A2 TERM / MENT 01/13/05 JOURNAL GOVERNMENT NATIONAL MM ASSN SERIES 2004-2 CLASS SB 4.793 WI FITM Al REPO A 01/I 3105 JOURNAL GOVERNMENT NATIONAL KIM ASSN SERIES 2004-5 CLASS PS ORTm .540 Ditaire33 Az TERM RortTMENT 01/1305 JOURNAL GOVERNMENT NATIONAL MM ASSN SERIES 2004-5 CLASS PS 4.540 FIRE 11.1 REPO A 01:13,05 JOURNAL GOVERNMENT NATIONAL MTO ASSN SERIES 2004-5 CLASS PS 4.540 FITM REPO A 01/13/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 4, 0 FIV 033A 3 REPO A 01/13/05 JOURNAL FEDERAL NATIONAL MTO ASSN SERIES 353 CLASS 2 5.000 100034 FITM B1 REPO A FINANCIAL TRUST CO INC STATEMENT PER100 January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER NUMBER On Pile LAST STATEMENT December 31.2000 SYMP./Q/51P OMMITIN COON AMOUNT CREDIT AMOUNT 40,307,282 MIS -40.307.282 2,830.000.00 EMI 22.100.000 2,500,000.00 -22.100.000 2.601.000.00 EMI 22.100.000 2.601.000.00 Mill -22.100.000 2 601.000.00 -28,945.632 6,406.000,00 027 02,01,05G7:55 001 '.870 EFTA00196284

CLEARED THRouGH ITS YAICU.Y OMBED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 18 ul V Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) sEntEmetir DAN 01/13/05 Gum DATE 01/13/05 01/13/05 01/13105 01/13/05 01/13105 FINANCIAL TRUST CO INC STATEMENT PERK* January 1.2005 THROUGH January 31.2005 AccouNT NUMBER TAXPAYER NUMBER On He LAST STATEMENT December 31.2004 TVOC3ACRON DESORPTION SYMeCtocusie MAMMY DEBIT AMOUNT CREDO AMOUNT JOURNAL UNITED STATES TREASURY NOTE 20.000.000 20,050.000 .00 FITM pig A2 4,250 14 TERM REPO AGREEMENT JOURNAL WITTED STATES TREASURY NOTE -30.000.000 30.150.000 .00 FITM Al 4.250 4 REPO AGREEMENT DELIVERED UNITED STATES TREASURY NOTE -30.000.000 29.999.999.99 DUE 12/31/2006 3.000 3.000 FITM FINCALC TERM e ENT DELIVERED UNITED STATES TREASURY NOTE -50.000.000 49.999.999.99 DUE 12/3112036 3.000 3.000FlarE6 FITM A2A TERM e EMENT DELIVERED LIMTE0 STATES TREASURY NOTE -50.000.000 49.999.999.99 DUE 12/31/2006 3.000 3,000 TA FIT A2B TERM EMENT FM1r RECEIVED UNITED STATES TREASURY NOTE 160,000,000 160.000.000 .00 DUE 12/31/2006 3.000 3.000 FITTA Al RESALE 01/13105 INTEREST GOVERNMENT NATIONAL MTO ASSN SERIES 2004-5 CLASS PS DUE 02:111 4.540 FITM A2 REPO I 3.987.50 01/13105 INTEREST LIMITED STATES TREASURY NOTE DUE AO. 4.250 M A2 FIT REPO I 5.719.82 027 meiVS:07:55 ROI '.870 EFTA00196285

CLEARED THROUGH ITS YAICU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 19 nr Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMOIT DATE 01/13/0S TRADE DATE TRNISACRON INTEREST DESCRPTICH UNITED STATES TREASURY NOTE DUE 11 10 3.000 ATM A2C RESALE 01/13105 INTEREST UNITED STATES TREASURY NOTE DUE 12/W 3.000 ATM A2A RESALE OVANTITy DEBIT ;wow FINANCIAL TRUST CO INC STATEMENT PERK* January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER NLAISER On FIk LAST STATEMENT December 31.2004 CREDIT AMOUNT 3.183.33 5,305.55 01113/05 INTEREST 01/18105 JOURNAL 0N18,[05 JOURNAL 01/18/05 JOURNAL 01/18/05 JOURNAL Oil SUS DELIVERED UNITED STATES TREASURY NOTE 5,30.5.6.5 DUE 12/W1f#, 3.000 ATM A2B RESALE GOVERNMENT NATIONAL EGG ASSN SERIES 2004.5 CLASS PS 4.540 FITA4 *WI REPO A -21.900.000 GOVERNMENT NATIONAL MTG ASSN 21.900.000 500.000.00 SERIES 2004-S CLASS PS 4.540 Oillia33 FITM A2 TERM RIlintiMMENT UNITED ASuRY NOTE -21.000.000 21.157.500.00 ATM Al 4.250 14 REPO AGREEMENT UNITED SURY NOTE 30.000.000 30.150.000.00 ATM i42 4.250 14 TERM REPO AGREEMENT UNITED STATES TREASURY NOTE -160.000.000 160.000.000.00 DUE 12/31/2006 3.000 3.000 ATM Jett TERM EMENT 027 020105:07:55 001 Y870 EFTA00196286

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 20 c! Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEMEMENT WADE DATE DATE TRANSACTION MERVIN:RI STMOCCCUSIP DVANilie MIT AMOUNT CREDIT AMOUNT 01/18/05 RECEIVED UNITED STATES TREASURY NOTE 175,000.000 175.000.000.00 DUE 12/31/2006 3.000 3.000 FILM WI RESALE T 01/18105 JOURNAL UNITED TATES TREASURY NOTE -20.000.000 19.875.000.00 FILM Al 3.625 / 10 REPO AGREEMENT 01/18105 INTEREST GOVERNMENT NATIONAL MTO ASSN 293.33 SERIES 2004-5 CLASS PS DUE 02/0 4.540 FILM A2 REPO I 01/18105 INTEREST UNITED STATES TREASURY NOTE 8.006.50 DUE 11:1111. 4.250 ATM A2 REPO I 01/18/05 INTEREST UNITED STATES TREASURY NOTE 44,000,00 DUE ISO 1000 01/19115 JOURNAL FEDL NOME LOAN MTG CCAPPS02684 -1.567.981 SERIES 218 CL PO DUE 0 FILM Al REPO:lir 01/19.'05 JOURNAL FEDL /CAE LOAN MTG COAH/S02684 -9.944.364 7,600,000.00 SERIES 218 CL PO DUE 0 FONTlair Al REPO A 01/1945 JOURNAL FEDL NOME LOAN 1410 CORPNS02684 11,512.346 8.628.000 .00 SERIES 218 CL PO li/14 FIT402/1 1,2 TERM RIMLIMMENT FINANCIAL TRUST CO INC STATEMENT PERK* January 1.2005 THROUGH January 31.2035 ACCOUNT NUMBER TAXPAYER KAISER On FOP LAST STATEMENT December 31.2000 027 0207 0507:55 001 •.'870 EFTA00196287

CLEARED THROUGH ITS YAICU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 21 c! Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) FINANCIAL TRUST CO INC STATEMENT PERIOD January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER NumBER On Ale LAST STATEMENT December 31.2004 SETTLEMENT TRADE DATE DATE WiNSACRON DESCRPTICR SYMEICIAUSIP WANTin DEBIT ;wow CREDIT AMOUNT 01/19/05 JOURNAL UNITED STATES TREASURY NOTE -12.000.000 12.120.000.00 ATM pig Al 4.250 14 REPO AGREEMENT 01/15105 JOURNAL LISTED TATE T SURY NOTE Mir 21.000.000 21.157.500.00 FITM A2 4.250 14 TERM REPO AGREEMENT 01119 x05 DELIVERED UNITED STATES TREASURY NOTE -175.000.000 175,000400.00 DUE 12/31/2006 3.000 3.000 ATM 31162 m TERM ENT 01/19435 RECEIVED MATED STATES TREASURY NOTE 191.000.000 191.000.000.00 DUE 12+31/2006 3.000 3.000 FITM .0121 RESALE T 01/19:05 JOURNAL LISTED TALE TREASURY NOTE 20.000.000 19.875.000 .00 ATM A2 3.625 ,10 TERM REPO AGREEMENT 01/19005 JOURNAL UNITED ASURY NOTE -40.000.000 39.750.000 .00 ATM Al 3,625 r10 REPO AGREEMENT 01/1905 INTEREST FEOL HOME LOAN MID CORP#S02684 5.694.48 SERIES 218 CI PO DUE Oil. 0.000 ATM A2 REPO I 01/19,05 INTEREST UNITED STATES TREASURY NOTE 1.057.88 DUE 11/ 4250 ATM A2 REPO I 027 020105:07:55 001 Y870 EFTA00196288

CLEARED 114ROuGH ITS wisCt13 CMT,*0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. =Pm 22 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) FINANCIAL TRUST CO INC STATELIER, PEF000 January 1.2005 THROUGH January 31.2035 ACCOUNT NUMBER TAXPAYER KAISER On Pile LAST STATEMENT December 31.2004 EEMEMENI TFPOE DALE DATE TRANSACTION DESCRPTION SYMIKLCVSIP OUPARITif DEBIT AMOUNT CREDIT AMOUNT 01/19/05 INTEREST UNITED STATES TREASURY NOTE 6,076,39 DUE 12/3,L2GOL •_3.000 01/19105 INTEREST UNITED STATES TREASURY NOTE 1MM 955.10 DUE 01/111, 3.625 FITMF REPO INr 01/28/05 JOURNAL FEDL HOME LOAN MTG COAP#S02684 1.567,981 SERIES 218 CL PO DUE 0 FITM 31111 AA2 TERM ENT 01/28105 JOURNAL FEDL HOME LOAN MTG CORP#502684 -1.567,981 1,199,000 .00 SERIES 218 Cl. PO DUE 021 FITM Al REPO A 01/28105 JOURNAL FEDERAL HOME LOAN MTG CORP IT III.304 SERIES 2488 CLASS SO 5.520R.1132 FITM A2 TERM MENT 01/28/05 JOURNAL FEDERAL HOME LOAN MTO CORP IT al.304 849,000.00 SERIES 2488 CLASS SO 5.520 ilt2 FITM A RESALE T 01/28/05 JOURNAL FEDERAL HOME LOAN MTO CORP .11...304 849.000.00 SERIES 2488 CLASS SO 5,520 Clin 01/28/05 JOURNAL FEDERAL HOME LOAN MTO CORP 3C4 849.000.00 SERIES 2488 CLASS SO 5,5203.32 FILM AI REPO 021 020105:07:55 001 EFTA00196289

CLEARED THROUGH ITS YAICU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 23 cIv Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRMISAGMON DESCRPOON SAleClocusie OUAMITY DEBIT AMOUNT CREDIT AMOUNT 01/28/05 JOURNAL FEDERAL NATIONAL MTG ASSN -13.595.517 10.014.000 .00 SERIES 329 CLASS PO DUE 01/01/33 STRIP FITM Al REPO Ansi 01/28 05 JOURNAL GOVERNMENT NATIONAL MTG ASSN INNS 21,900.000 SERIES 2004-5 CLASS PS 4.450 FITM 31WE2 TERM ENT 01/28/05 JOURNAL GOVERNMENT NATIONAL MO ASSN EMI -17,600.000 SERIES 2004-5 CLASS PS 4.450 FIRE Al REPO 01/28/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN -4.300.000 500.000.00 SERIES 2004-5 CLASS PS 4.450 FITM 110.1 REPO A 01/28/05 JOURNAL FEDERAL NATIONAL MTG ASSN -33.769.904 7.351.000.00 SERIES 353 CLASS 2 5.000 li FITM A r l REPO A 01/28+05 JOURNAL LINiTE0 STATES TREASURY NOTE 12,000.000 12.120.000.00 FITM A2 ell. 4.250 / 14 TERM REPO AGREEMENT 01/28/05 JOURNAL LIMTE0 STATES TREASURY NOTE -22,000.000 22.247.500 .00 FITM Jim Al 4.250 14 REPO AGREEMENT 01/28/05 INTEREST LINiTE0 STATES TREASURY NOTE 5.679.57 DUE I ling& 4,250 FILM A2 REPOT i FINANCIAL TRUST CO INC STATEMENT PERK* January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER NUmSER On FOS LAST STATEMENT December 31.2004 027 02,01,05:07:S5 001 Y870 EFTA00196290

CLEARED THROUGH ITS YAICU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 24 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPRON SYMOCIAUSIP DUMMY DEBIT AMOUNT CREDIT AMOUNT 01/31/05 JOURNAL FEDERAL NATIONAL MKT ASSN -11.398.361 8.409.000 AO SERIES 329 CLASS PO DUE 01101/33 STRIP FITM Al REPO 01/31105 JOURNAL GOVERNMENT NATIONAL MTO ASSN 39,801.752 2.830.000.00 SERIES 2004-2 CLASS SB 0.720 FITM 31.2 TERM ENT 01/31105 JOURNAL UMTE0 STATES TREASURY NOTE 22.000.000 22.247.500 AO FITM pig A2 0.250 / 14 TERM REPO AGREEMENT 01/31105 JOURNAL UMTE0 STATES TREASURY NOTE -31.000.000 31.465.000 .00 FITM Hip Al 0250 , 14 REPO AGREEMENT 01/31/05 RECEIVED OWED STATES TREASURY NOTE NMI 176.000.000 176,220,000.00 DUE 12/31/2006 3.000 3FITM J:1°Ci 1 W A RESALE T 01/31/05 DELIVERED UNITED STATES TREASURY NOTE -191.000.000 191.000.000.00 DUE 12/31/2006 3.000 3,000 AI FIT FIWA2 TERM EMENT 01/31/05 JOURNAL UNITED STATES TREASURY NOTE -20.000.000 19.925.000)30 FITM Al 3.625 , 10 REPO AGREEMENT 01,31,{05 JOURNAL UNITED ATE TREASURY NOTE 40,000.000 39.750.000.00 FITM A2 3.625 .10 TERM REPO AGREEMENT 027 020T 0507:&S 001 •.'870 FINANCIAL TRUST CO INC STATEMENT PERK* January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER KAISER OR Pile LAST STATEMENT December 31.2000 EFTA00196291

CLEARED THROUGH ITS YAICU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 25 c! Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEnLELENI TAME DATE DATE TRANSACTION DESCRPTION SYMEICIAUSIP OUNNIN DEBIT AMOUNT CREDIT AMOUNT 01,31/05 INTEREST GOVERNMENT NATIONAL Mkt ASSN 4.046,90 SERIES 2000-2 CLASS SB DUE 01311.1 0.720 FRM A2 REPO I 01/31/05 INTEREST UNITED STATES TREASURY NOTE 3.633.76 DUE I I1 0.250 ATM A2 REPO I 01/31/05 INTEREST UNITED STATES TREASURY NOTE EMI 120,648.33 DUE 12/.0 .000 01/31/05 INTEREST UNITED STATES TREASURY NOTE 25,395.83 DUE 01:110 3.625 FRM A2 REPO I TOTAL 3-1.140.074.021.34 31.135.214.427.46 FINANCIAL TRUST CO INC STATEMENT PERK* January 1.2005 THROUGH January 31.2035 ACCOUNT NUMBER TAXPAYER NUMBER On Pile LAST STATEMENT December 31.2000 MISCELLANEOUS DATE 'MAT TPANSACTO1 DESCRIPTCN DEBT AMON, STEM AMOLter 01/19/05 JOURNAL DEC 04 SPEC CLEARING FEES 2.000.00 01/19/05 JOURNAL GMAA-30YFt(ONMA)GTO 26,796.88 SETT.01/05 5.500 DUE 01115/35 MBS NET 01/19/05 01/20/05 JOURNAL GAMA-30YR(GNMA)GTD 4,687,50 SETT.01//05 6.000 DUE 01/15/35 MBS NET 01/20/05 TOTAL S-28.796.88 84.687.50 027 02,01,05:07:55 001 2870 EFTA00196292

CLEARED THROUGH ITS YAICU.Y OWNED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 26 c? 27 Trades Executed Pending Settlement SETTLEMENT DATE TRADE DATE TRANSACTION 02/01/05 01/31105 SOLD 02/10/05 01/20105 BOUGHT 02/10+05 01/11105 SOLD 02/10105 01/18105 SOLD 02/10105 01/20105 BOUGHT 02/10105 01/20105 BOUGHT 02/10/05 01/20,105 CANCEL BUY DESCRPTION UNITED STATES TREASURY NOTE 03.126% JJ 31 0 MATUFUTY GVER REF # G0311009 Al FNMA-30YR(FNMA)G1D SETT.02/06 67390000 BS FNMA-30YR(FNMA)G1D SETT.02/06 (16.500% 67220000 BS FNMA-30YR(FNMA)GTD SETT.02/06 67000000 BS FNMA-3cna(FNItIA)G1D SETT 02/05 05.000% 57000000 BS AS OF 01120/06 FNMA-30YR(FNMA)GTD SETT,02 05 0.100005.000% 57000000 BS FNMA-30YRIFNMA)G1D SETT.02/05 101.1105.000% 57000000 BS AS OF 01/20/05 FINANCIAL TRUST CO INC STATEMENT PERM January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER 'RAISER On File LAST STATEMENT 0000MDEI 31.2004 ST/Mel:GUS* OJAArrilY PACE DESK AMOUNT CREDIT AMOUNT -15.000.000,00 99.6875 14.964.419 .89 10.000.000 p0 101,7304 10.173.046 p8 -10.000.000,00 101,2500 10.125,000 ,00 -10.000.000.00 101.5156 10.161,562 ,50 10.000.000.00 99.6523 9.965.234.38 10.000.000.00 99.6523 9.965.234.38 10.000.000,00 99.6523 9.965.234.38 027 020105:07:55 001 V870 EFTA00196293

CLEARED THRouGH ITS INNOU.Y OmBED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 27 c? 27 Trades Executed Pending Settlement (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRFIX3N 02/10105 12/16+04 BOUGHT FNMA 30YR GTO SETT. 02/05 57320000 BS 02/10105 01/11105 BOUGHT FNMA 30YR GTO SETT. 02105 ~ 06.000% 57210000 BS 02/10815 12/30814 SOLD FNMA 30YR GM SETT, 0205 1.0106.000% 57220000 BS 02/15+05 12/30104 BOUGHT FNMA 15YRtFNMA 15)3TD SETT,02 05 57230000 BS 02/15/05 12/16104 SOLD FNMA.15TRIFNMA-15,0TO SETT,02.05 F 05.600% 57330000 BS FINANCIAL TRUST CO INC STATEMENT PERIOD January 1.2006 THROUGH January 31.2005 AccouNT NUMBER TAXPAYER KAISER On Pile LAST STATEMENT December 31.2004 STMOD-CUSP OJANTin PRICE DEMI AMOUNT CREPT RAMO 10.000.000.00 103.0312 10.303.125.00 20.000.000.00 103.0312 20.606.250 .00 -10.000.000,00 102.9843 10.298,437,50 11.000.000.00 102.9765 11.327.421.88 -11.000.000,00 103.1093 11.342.031 .25 TOTAL $72.340.312.52 $66.836.685.52 The chore Fads M nol room m se oiler semon oi iler stommtet End of Statement 027 0201.06:07:65 001 M970 EFTA00196294