CLEARED THROWN ITS WitCkLY OtM.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New York. New York 10167 12 m s3 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 08110/01 TRADE DATE TRANSACT/EN 08/09/01 SOLD OESCRIPTION CALL COMCAST-SPL OCT 035"" EXP 10/20/2001 AVG PRICE SHOWN-DETALS ON REO ACTUAL CONFIRM TO YOUR AGENT OPEN CONTRACT AS OF 08709/01 S10.11301..CLISC OCOKJG ov.smire -9 PRCE 4.10000 Beer. SZeirns SON, t4,1 Dory. CcoMetsolech Contm North Beccidon. New To* 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD kit 28. 2001 THROUGH August 31.2001 ACCCUNT NUMBER TAXPAYER NIUUSER LAST STATEMENT Jul, 27.2001 DENT AMOUNT CRUM AMOUNT 3,671.87 08110/01 08/09/01 BOUGHT PUT COMCAST-SPL OCT 035 ' ' ' • EXP 10120/2001 AVG PRICE SHOVIN-DETALS ON REO ACTUAL COE•FWM TO YOUR AGENT OPEN CONTRACT AS OF 08/09/01 OCOKVG 9 1.10000 1.008.00 08113/01 08/08101 BOUGHT ENZON INC EXECUTION BY CONN POLO RALPH LAUREN CORP-CL A SEE NOTE '5' ON BACK EXECUTION BY EMBA COMMISSION 84.00 SPECTRASITE HOLDINGS INC EXECUTION BY FBCO SEC FEE .76 TOMMY HILFIGER CORP-ORD EXECUTION BY DADA COMMISSION 140,00 CALL COMCAST-SPL OCT 035"•' EXP 10120/2001 AVG PRICE SHOWN-DETALS ON REO ACTUAL CaFIRM TO YOUR AGENT OPEN CONTRACT NO SO 08/10/01 TO CD. PREVIOUS SELL ENZN 1,000 65.05000 65,065.00 08113/01 08108101 BOUGHT RL 1,200 24.25000 29,199.00 08113/01 08/08101 SOLD SITE -6,650 3.98400 22.493.84 08/13/01 08/08101 BOUGHT TOM 2.000 13.09270 26.34040 08/13/01 08109/01 CANCEL SELL OCOKJG 9 4.10000 3.671.87 027 OSOIDI:12:11 031 V496 EFTA00198218

CLEARED THRWGH ITS ?RIMY OtM.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New York. New York 10167 13 m s3 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE 08/13/01 08/09101 TRANSACTION SOLD DESORPTION CALL COMCAST-SPL OCT 035"" EXP 10/20/2001 AVG PRICE SHOWN-DETALS ON REO ACTUAL CONFIRM TO YOUR AGENT OPEN CONTRACT ORIGINAL S/D 08/10/D1 AS OF 08/09/01 STIMOLCUISC OCOKJG or„ssmure -9 PRCE 4.10000 Beer. SZeirns SON,I*1 COO. Dec Metsolech Contof North Beccidon. New To* 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD Jul/ 28. 2001 THROUGH August 31.2001 ACCCUNT NUMBER TAXPAYER AMMER LAST STATEMENT Jul/ 27.2001 DEBIT AMOUNT ckEon Waite 3.662.87 0813/01 08/09/01 BOUGHT PUT COMCAST-SPL OCT 035 SIP 10120/2001 AVG PRICE SHOWN-DETALS ON REO ACTUAL COWIRM TO YOUR AGENT OPEN CONTRACT ORIGINAL S/D 08/10/01 AS OF 08/09101 OCOKVG 9 1.10000 1.017.00 0813/01 08/09/01 CANCEL BUY PUT COMCAST-SPL OCT 035 EXP 10/20/2001 AVG PRICE SHOWN-DETALS ON REO ACTUAL CONFIRM TO YOUR AGENT OPEN CONTRACT NO S/D eatieloi TO C10. PREVIOUS BUY OCOKVG -9 1.10000 1.008.00 0813/01 JOURNAL ALPHARMA INC-CL A FROM: TDL • JRL • SD ALO 13,800 0813/01 JOURNAL ACTV INC FROM: TDL • JRL • SD IA1V 22,300 08/13/01 JOURNAL ALLEGIANC FROM: TDL • JRL • INC USD ALGX 13,400 08/13/01 JOURNAL APPUED FROM: TDL • JRL • ITS CORP USD AMCC 1.850 08/13/01 JOURNAL ADELPHIA BUSINESS SOLUTIONS PC CL A FROM: TDL SD • JRL • ABIZ 52.200 027 0101,131:12:11 031 V496 EFTA00198219

CLEARED IHRCOGH %wett? O‘M.E0 SUBSICHARv ß01R STEARNS OFFICE SEKeire, YOUR ACCOUNT Bear. Stearns 8, Co. Inc. 245 Park Avenue New YY New York 10167 Transaction Detail (continued) INVESTMENT ACTIVITY (continwett) SETTLEMENT TRADE DATE DATE TRANSACTeN DESCRIPTION SYMOOLGUSP CAAMEMY ?PIKE CENT ACIATUNT CRECIT PACUNT OW13/01 JOURNAL AT&T CORP LIBERTY MEDIA GROUP 001957208 37,800 SER A FRCM: IDL USD • JRL • OW13/01 JOURNAL AMERICAN EAGLE OUTFITTERS INC AEOS 9.950 NEW MIM IDL SD • JRL • 08/13/01 JOURNAL AGERE SYS INC AGRA 15,850 CL A FRON: IDL SD • JRL • 08113/01 JOURNAL AMR CORP AMR 7,550 FROM: IDL SD • JRL • oativoi JOURNAL ADELPHIA COMMUNICATIONS CORP ADLAC 14,354 CL A FRON: IDL SD • JFIL • oativoi JOURNAL ALASKA Al ALK 6,200 FROM: TDL. USD • JRL • oativoi JOURNAL ANALOG ADI 2,900 FROM: IDL USD • JRL • 08/13/01 JOURNAL BEVERLY INC NEW 8EV 49,800 FROM: IDL USD • JRL • 08/13/01 JOURNAL CITIZENS NS CO CZN 36.800 FROM: TDL SD • JRL • 08113/01 JOURNAL CAPSTONE CPST 6.200 FROM: TDL. USD • JRL • 808f. SZetim& SOC,r.t.1 CM>. Cr.e Mevalech Cordet North Beccidgn. New Telt I1201.3869 INSTITUTIONAL INTERESTS STATELIENT PER100 Juli 28.2001 THROUGH AueiTI 31.2001 Acccusrt NUMEER TAXPATER NULOER LAST STATEMENT Jull 27. 2001 027 0901 01.12:11 091 V496 EFTA00198220

CLEARED THRWGH ITS WNW? 095.E0 SUBSIDIARY BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New York. New York 10167 15 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION SYMBOL:CUSP CA/AMITY PRCE DEW AMOUNT CREDIT A)IOUttt 08/13/01 JOURNAL CONVE RGY SI CVG 3,200 FROM: TIS USD • JRL • bk. 1 1 AL dAANIVALebilliS 7.450 FROM: TM SD • JRL • okri J5UNNAL &WM ebO-tistaiAL di. A dint( 4.500 FROM: TC/L SD • JRL • 08113101 JOURNAL CONTINENTAL AIRUNES INC.CL CAL 3.550 FROM: TDL SD • JRL • oaelact JOURNAL CUMMINS INC CUM 2.500 FROM: TM■ SD • JRL • 0813/01 JOURNAL DMC STRATEX NETWORKS INC STXN 9.150 FROM: TDL SD • JRL • 08/13/01 JOURNAL EDISON INTERNATIONAL EIX 14,100 FROM: IDL SD • JRL • 08/13/01 JOURNAL ELECTRIC LIGHTWAVE INC-CL A ELIX 51,100 FROM: IDL SD • JRL • 08/13/01 JOURNAL ENZON INC ENZN 1.650 FROM: TDLI SD • JRL • 08/13/01 JOURNAL GOODRICH CORPORATION GR 8,300 (FRM B F FROM: 10.111USD • JRL • 08 %3:01 ISTAL w5frigMETIFit IN HON 4,480 FROM: TDL SD • JRL • BOP. Szeirns SOC,A4M1 COS Dec Llevolech CarrIN North 8ecck5n. New Yak 112014859 INSTITUTIONAL INTERESTS STATEMENT PERIOD Jul/ 28.2001 THROUGH AuENSI 31.2001 ACCCUNT NUMBER TAXPAYER NUMER LAST STATEMENT JuB 27.2001 027 D9.01.0102 1 I EFTA00198221

CLEARED IHRWGH ITS niCkLY 0%M.E0 SUBSIDIARY BUR STURNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New York. New York 10167 16 p‘ Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION meatus" TAXPAYER KAMER LAST STATEMENT Jul/ 27.2001 MA/NIT( pErCE DEBIT AMOUNT CREDO AMOUNT 08/13/01 JOURNAL I-MANY I IMNY 32.650 FROM: TDL USD • JAL • bknbb1 JbbiWAL I YENNE't št.0 šr šw INN& 4.850 FROM: TDL SD • JRL • burfirAL HČAINČ HČA 12.100 IFRM HCA- OMPANN FR TDL USD • JRL • 06/13/01 JOURNAL HARRIS C( HRS 9.350 FROM: TDL USD • JRL • 05/13/01 JOURNAL HEALTH MANAGEMENT ASSOCIATES tCNEWC - HMA 16.150 FROM: TDL -USD JRL 05/13/01 JOURNAL K MART CORP KM 19,200 FROM: TDL‘■ SD • JR1 • 08/13/01 JOURNAL KOHLS CORP KSS 1.300 FROM: TM SD • JRL • 08/13/01 JOURNAL LYONDELL CHEMICAL COMPANY LYO 7.000 FROM: TM USD • JRL • 08/13/01 JOURNAL MILLENNIU S INC MCH 10,400 FROM: TDL USD • JRL • 08/13/01 JOURNAL METROMEDIA FIBER NETWORK INC MFNX 13,500 CL A Beer. SZeirns SOC,ntitl Corp. One Metselech Cent" North Beccidon. New Tuft 1120/.3859 INSTITUTIONAL INTERESTS STATEMENT PERK* Jul' 28.2001 THROUGH August 31.2001 ACCCONI NUMBER FROM: TDL SD • JRL • 027 OB01.131:12:11 001 V496 EFTA00198222

CLEARED IHRMIGH ITS wisetLY Cne.E0 SUBSIDIARY BMR STMRNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New York. New York 10167 17 te 9 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACTION CESCA Pre' STME/01;CUS, OUNVIIIY pFrCE DEBIT AMOUNT GREW PAM« 08/13/01 JOURNAL MCDATA CORP MCDTA 8.550 CL A FROM: TOL SD • JRL • 08/13/01 JOURNAL NOVA CHEI NCX 8,600 FROM: TOL USD • JRL • 0813/01 JOURNAL NAVISTAR INIERNA IONAL CORP NAV 2,000 NEW FROM: TOL USD • JRL • 08/13/01 JOURNAL NORTHWEST AIRLINES CORP NWAC 4.450 FROM: TOL SD • JRL • 08/13/01 JOURNAL POLO RALPH LAUREN CORP.CL A RL 8.907 FROM: TOL USD • JRL • 0813/01 JOURNAL OUANTA SERVICES INC PWR 3.550 FROM: TOL SD • JRL • 08/13/01 JOURNAL ORION POWER HOLDINGS INC ORN 12.300 FROM: TOL USD • JRL • 08/13/01 JOURNAL OFFICE DEPOT INC ODP 7.900 FROM: TOL SD • JRL • 08/13/01 JOURNAL OMNICARE OCR 19,000 FROM: TOL USD • JRL • 08/13/01 JOURNAL OUIKSILVE ZOK 16,492 FROM: TOL SD • JRL • 0813/01 JOURNAL REMEC INI REMC 18,250 FROM: TOL USD • JRL • B08f. SZeirns DO*. Otte Metsolech Cerdee NorUi Beccidin. New Yeex 11201.389 INSTITUTIONAL INTERESTS STATEMENT PERIOD Jul/ 28.2001 THROUGH August 31.2001 AcccuNT NUMBER TAXPAYER NUROER LAST STATEMENT Jul/ 27.2001 027 09,01,01112:11 031 V496 EFTA00198223

CLEARED IHRCOGH ns ?AKW' onneo SUBSICHARY BOIR STEARNS OFFICE SERVICNG YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New York New York 10167 18 re 9 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TELADE DATE DATE TRANSACTION opsGF PT)09 STTIROLCUISS CIJÄMIT, pFrCE DENT MACUNT CFEM PrIOUNT 06/13/01 JOURNAL ROYAL CA ISES LTD RCL 13.500 FRON: TDL. USD JRL - bk.1 4)1 AL Minn INt §6I 1.400 FROM: TDL.-USD • JRL • ä/61 AUMAL 4PgötV4WETaluud4w4 41% 28450 FROM: TDL. SD • JRL • 08/13101 JOURNAL SOUTHWEST AIRLINES CO LUV 10,200 FRON: TDL. SD • JRL • 44/14;o1 JOURNAL SYMBOL TECHNOLOGIES INC SBL 8.900 FROM: TDL. SD • JRL • 08113101 JOURNAL TYCO INTERNATIONAL LTD TYC 11.300 FROM: TDL SD • JRL • 08/13/01 JOURNAL TIME WARNER TELECOM INC IWTC 6.800 CLASS A FROM: TOL. SD • JRL 08/13/01 JOURNAL TIBCO SOF IIBX 14,000 FROM: IDL USD • JRL • 08/13/01 JOURNAL TALBOTS II TLB 7.600 FROM: MDL SD • JRL • 08/13701 JOURNAL TENET H THC 9,250 FROM: MDL USD • JRL • 08/13i01 NZZ YffarineltianTA I YXN 3.400 FRCM: TDL SD .IRL • 808f. SZetrns S0C,rther Co >. One Metnlech Cerdee North Beccidgn. New rak 11201.389 INSTITUTIONAL INTERESTS STATEMENT PER100 Juli 28.2001 THROUGH August 31.2001 Annes« NUMEER TAXPAYER NUABER LAST STATEMENT Juli 27.2001 027 09 01 01:12:11 0::1 r4914 EFTA00198224

CLEARED IHRCOGH PIS nøtte? CAMLED SUBSIDIARY BOIR STffiRNS OFFICE SERVICING YOUR ACCOUNT Bear. Steanis & Co. Inc. 245 Park Avenue New York. New York 10167 19 c, r3 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACT/ON DESCAPROH SY/A3OUCLISTP owmny ARGE DEBrr AMOI.INT GREM rua30NT 08/13/01 JOURNAL FRANS TCC 8,100 TRANSTIL SUSD • JRL • bkn i JbbiWAL Yiki3W & åLT15 6 N 1.750 FROM: TOL SD • JRL • ok/ Mil JbOiWåL Y6WAy HILEIdgk• 66»-MIS Y6K4 17.t1b0 FRCM: TOL SD • JRL • Ca+13,01 JOURNAL UNITEDGLOBALCOM UCOMA 35.650 CL A FROM: TDL SD • JRL 08.113/01 JOURNAL UNITED RE INC URGI 16.700 FROM: TOL USD • JRL • 08.113/01 JOURNAL UNIVERSAL HEALTH SERVICES INC UHS 6.400 CL B FROM: TDL USD • JRL • 08.113/01 JOURNAL VITRIA TECHNOLOGY INC VITR 28,350 COM FROM: TOL SD • JRL • 08/13/01 JOURNAL VITESSE S OR CORP VISS 4,450 FROM: TOL USD • JRL • 08/13/01 JOURNAL CALL COMCAST-SPL OCT 035 OCOICIG -9 TOP TO: TOL USD • JRL • 08,13,01 JOURNAL PUT enianesTsPt OCT 035 OCOKvG 9 EXP 1 FROMr72:SUSD • JRL • 808f. Sretrns Co . ,0 Or.* Metsolech tantet North Beccidp. New Te" I1201.3859 INSTITUTIONAL INTERESTS STATEMENT PER« Jult 28.2001 THROUGH August 31.2001 ACCCANT NUMSER TAXPAYER AILISMER LAST STATEMENT Jult 27.2001 027 09,01,01:12:1I 031 V496 EFTA00198225

CLEARED IIIRCOGH ITS YosekLY 0"E0 SUBSIDIARY BEAR STMRNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New Y New York 10167 20 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETREmENT DATE 08/13/01 TRADE DATE TRANSACTION JOURNAL OESCTOPTION ALPHA O :T use swieoucuset ALO CAMMI TY -13,800 bki • JRL • INO TO: TDL, USD • JRL • 141 09/13/C1 JitiONMI ALLEgIANértEtrearl mèx -tá,400 TO: TEL USO • JR1 • 08/13/01 JOURNAL APPUED MICRO CIRCUITS CORP MCC -1.850 TO: IOU USD • JRL • 08/13/01 JOURNAL ADELPHIA BUSINESS SCLUTIONS ABIZ -52.200 INC CL •TO: L TOLitUSO JR • 08/13/01 JOURNAL AT&T CORP LIBERTY MEDIA GROUP 001957208 -37.800 SER A TO: TOLUSO • JRL • 08/13/01 EXCHANGE AT&T CORP LIBERTY MEDIA GROUP 001957208 -37,800 TOE.. Y 1-I 08/13/01 JOURNAL AMERICAN EAGLE OUTFITTERS INC AEOS -9,950 NEW TO: TOLUSO • JRL • 08/13/01 JOURNAL AGERE SYS INC AGRA -15.850 CL A TO: TOLI USO • JRL • 08/13/01 JOURNAL AMR C AMR -7.550 TO: TOL USO • JRL • pFrCE Best. SZeiros COO. Cc* OACCOICCh Conte< North Etc.:Mon. Hew Teat 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD JO 28.2001 THROUGH August 31.2001 ACCCUsIT NUMBER TAXPAYER NULIBER LAST STATEMENT JO 27. 2001 DEBIT AMOUNT CRECIT Ala3UNT 027 0801,01:12:11 001 EFTA00198226

CLEARED DIRCOGH ITS mete? OME0 SUBSIDIARY BffiR STMRNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New Y New York 10167 21 er Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOL:CUSP GUMMY pFrCE DENT AMOUNT CHEM P183UNT 08/13/01 JOURNAL ADELPHIA COMMUNICATIONS CORP ADIAC -14,354 CL A TO: MX, USG • JRL • 08113/01 JOURNAL ALASKP ALI< -6,200 TO: IOU USG • JRL • 08/13/01 JOURNAL ANALOf ADI -2,900 TO: IOU USO • JRL • 08/13/01 JOURNAL BEVERL ES INC NEW BEV -49,800 TO: TU., USG • JRL • 08/13/01 JOURNAL CITIZEN CATIONS CO CZN -36,800 TO: IOU USG • JRL • 08/13/01 JOURNAL CAPST CORP CPST -6,200 TO: WU USD • JRL • 08/13/01 JOURNAL CON VE CVG -3,200 TO: IOU U • JRL • 08/13/01 JOURNAL CARNIV CCL -7,450 TO: IOU USO • JAL • 08/13/01 JOURNAL COMCAstgarrESCIAL CL A CMCSK -4.500 TO: TOL~ -USO • JAL • 08/13/01 JOURNAL CONTIN ES INC-CL B CAL -3.550 TO: IOU USD • JRL • DM INS INC TO: TDL USD • JRL • Lbi - Best. SZeirns SOC‘rthel Cap. Cc* OACCOICCh Center North Beano. New rem 1120/3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD JO 28. 2001 THROUGH August 31.2001 ACCCUPT NUMBER TAXPAYER NUUBER LAST STATEMENT Jul, 27.2001 021 09 01 tr.:IZ:11 oct r49b EFTA00198227

CLEARED IIIRCOGH ITS Pruett? OtM.ED SUBSIDIARY BEAR STD;RNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New York. New York 10167 22 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION smeoucUare MANTON' ARCS DEBIT AMOUNT CREDIT AMOUNT 08/13/01 JOURNAL LIMO STWELLIDIWORKS INC STXN -9.150 TO: IDLI~-USO • a • trk. 1 .01 JDIlirB1AL U51§bFilf4YEAUfråNAL -14,1 TO: IDU USG • JRL • okr.Mi J66KNAL UfiegiZ LidHYwAvnizin. A -51,160 TO: IDU USD • JRL • 08/13,01 JOURNAL ENZON INC ENZN -1.650 TO: ICIL USO • JRL • 08/13/01 JOURNAL GOODRICH CORPORATION GR -8.300 (FRM B L9QmfiaLCG) • JRL • TO: 1DbaUSO 08.113/01 JOURNAL HONE51 HON -4.900 TO: TM USD • JRL • 08/3,01 JOURNAL I-MANY IMNY -32.650 TO: TDb USD • JAL • 0813101 JOURNAL INTERN ISSX -4.850 TO: IOU U • JRL • 08/13/01 JOURNAL HCA INC HCA -12.100 (FRM HC,,Ufajlf,dtE COMPANY) TO: "(DL US° • JRL • 08/13/01 JOURNAL HARRIS FIRS -9.350 TO: TDL U • JRL • Beer. SZPIrns CM>. Ore Metsoleeh Conte< North Beccidp. New Te" 112014859 INSTITUTIONAL INTERESTS STATEMENT PER« Jui/ 28.2001 THROUGH August 31.2001 ACCOUNT NUMBER TAXPAYER AMMER LAST STATEMENT Ju/i 27.2001 027 OS01,01:12:11 001 V496 EFTA00198228

CLEARED THROUGH ITS niCkLY 0%M.E0 SUBSIDIARY BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New Y New York 10167 23 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION SY1A3OUOUSIP TAXPAYER KAMER LAST STATEMENT Jut/ 27. 2001 CIUM/MY PRCE DEBIT AMOUNT CRECIT AMOUNT 08/13/01 JOURNAL HEALTH MANAGEMENT ASSOCIATES HMA -16,150 N T O • JIIL • TO: TOESIIIIMUSO 08/13/01 JOURNAL K MART KM -1%200 TO: TOL U • a • 0813/01 JOURNAL KOHLS KSS -1.300 TO: TOL USD • a • 0813/01 EXCHANGE UBERTY MEDIA CORP LMCA 37.800 WFROM MANDATORY SICHANGE 1-I 0813/01 JOURNAL LYONDE HEMI AL COMPANY LYO -7.000 TO: TOL USO • a • 0813/01 JOURNAL MILLENNI M HEMICALS INC MCH -10A00 •TO: L• TOL USO JR 08/13/01 JOURNAL METROMEDIA FIBER NETWORK INC MEN% -13,500 CL A TO: TOL USO • JRL • 08/13/01 JOURNAL MCDATA CORP MCDTA -8,550 CL A TO: TOL USO • JRL • 0813/01 JOURNAL NOVA C 0 P NC% -8,600 TO: TOL US • JRL • 0813/01 JOURNAL NAVISTAR INTERNATIONAL CORP NAV -2.000 NEW Beer. SZeirns S0N,MI Cap. Ore Mevolech Contm North Beccidon. New Ye* I I201.3SS9 INSTITUTIONAL INTERESTS STATEMENT PERIOD JuIt 28.2001 THROUGH AucmSt 31.2001 ACCCUNT NUMBER TO: TOL USO • JRL • 027 09,01 01.12:11 091 net EFTA00198229

CLEARED IHRCOGH ITS ~DU? CAM.E0 SUBSIDIARY BffiR STffiRNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New York. New York 10167 24 r, Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION STMBOLCUSP CVANTITY PRCE DEBIT AMOUNT OPEC., AllO,N7 oa,13;01 JOURNAL NORTH S CORP NWAC -4,450 bk. TO: TD USD • AIL • LiturtirCAMPTrA 1k .4o7 okii TO: WU USG • AIL • dacttnnven iNC IsSyk -3.550 TO: TDI., USG • JRL • 08/13101 JOURNAL ORION POWER HOLDINGS INC ORN -12.300 TO: TD1 USD • JRL 08/13:61 JOURNAL OFFICE DEPOT INC ODP -7.900 TO: TD1 USD • AIL • 06/13/01 JOURNAL OMNICARE INC OCR -19,000 TO: IDL USD • JRL • 08/13/01 JOURNAL OUIKSILVER INC ZOK -16,492 TO: WU USD • JRL • 08/13/01 JOURNAL REMEC INC REMC -18,250 TO: TDL USD • JRL 08/13/01 JOURNAL ROYAL CARIBBEAN CRUISES LTD RCL -13,500 TO: TDL USG • JRL • 08/13/01 JOURNAL SOLUTI SOI -1,900 TO: TN., USU • JRL • 08/13/01 JOURNAL SPECTF DINGS INC SITE -28,650 TO: IDL. -USD • JRL Beer. SZetrns SOC,r,I*1 CerlA Dec Meveleeh Corder North Becck,,n. New Yak 112014859 INSTITUTIONAL INTERESTS STATEMENT PER« Jul, 28.2001 THROUGH August 31.2001 ACCOUNT NUMBER TAXPAYER AMMER LAST STATEMENT Jul, 27.2001 027 OSOIDI:l2:1I 031 V496 EFTA00198230

CLEARED 1HRCOGH nS vriserri 0"E0 SUBSIOMAY BffiR STMRNS OFFICE SERV1CWG YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New Y New York 10167 25 er sr Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SEMEMENT DATE TRADE DATE TRANSACTJON DESCAPD09 SYMBOUCUSP OJNYTITY IRCE Mart Ar/CUM CREDIT MOR« 08/13/01 JOURNAL SOUTHiaaajkai paS CO LW -10,200 TO: IDL~-USO • JRL • bá na& lEdlikléLèdlg§ I la .46o TO: TDL USO • JRL • WEK YgéZillYttgUrioNAL LltS YYC -11400 TO: TDL USD • JRL • 08/13/01 JOURNAL TIME WARNER TELECOM INC IWTC -6.800 CLASS TO: TDLI~II-USD • a • 08/13/01 JOURNAL TIBCO INC TIBX -14,000 TO: TDL -USD • JRL • 08/13/01 JOURNAL TALBOT TLB -7,600 TO: TDL -USD • JRL • 08/13/01 JOURNAL TENET CORP THC -9.250 TO: TEIL -USO • JRL • 08/13/01 JOURNAL TEXAS I S INC TXN -3,400 TO: TDL I-USO • JRL • 08/13/01 JOURNAL TRANSV 1XCC -8.100 TO: TDL USO • JRL • 08/13/01 JOURNAL THOMA RP INE -1,750 TO: TDL~-USCI • JOL • YSlu{FAY HILFIGER -17,4g0 Best. SZetrns Serwthel CoO. Ce* Metsolern Center North 0eock11n. Ne« Tuk 11201.3359 INSTITUTIONAL INTERESTS STATEMENT PERK* JO 28.2001 THROUGH Aow« 31.2001 ACCCUPT NUMBER TAXPAYER NULA3ER LAST STATEMENT Juli 27.2001 TO: TDL • JRL • USD 091 09 01 0, :1:011 0Cd r491: EFTA00198231

CLEARED THRWGH ITS 0%M .E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New Y New York 10167 26 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION 08/13/01 JOURNAL UNITEDGLOBALCOM CL A TO: TOL • EL • USD SYMBOL:CUSP UCOMA Beer. SZeirns SON•PRI COP Ore Mevolech Contm NOM Beano. New Year 112014869 INSTITUTIONAL INTERESTS STATEMENT PERIOD Jul/ 28.2001 THROUGH AucmSt 31.2001 ACCCUNT NUMBER TAXPAYER AILAA3ER LAST STATEMENT Juit 27.2001 WINTRY PRICE DEBIT AMOUNT CREDIT AMOUNT -35,650 08/13/01 JOURNAL UNITED P INC URGI -16,700 TO: ICC USD • JRL • 08/13/01 JOURNAL UNIVERSAL HEALTH SERVICES INC VHS -6,400 CL B TO: TOL • JRL • USD 08/13/01 JOURNAL VITRIA TECHNOLOGY INC VRA -28,350 COM TO: 'Mb USD • JRL • O8/13/01 JOURNAL VITESS OR CORP VTSS -4.450 TO: TOL USD • JRL • 08/13/01 JOURNAL CALL COMCAST-SPL OCT 035"" OCOKJG 9 EXP I Or FRCM: T24111=.LISD • JRL • 08/13/01 JOURNAL PUT CADMCAST-SPL OCT 035 "" OCOKVG EXP 1012012001 TO: TDIJ USD • JRL • 08/14/01 08/09/01 BOUGHT ENZON INC EXECUTION BY COWN ENZN 650 62.86500 40.877.25 O8/14/01 08/09/01 SOLD METHANEX CORP MEOH .4000 616240 33,021.65 EXECUTION BY REDI COMMISSION 9800 SEC FEE 1.11 SPECTRASITE HOLDINGS INC SITE -2.500 3.91100 9,762.17 EXECUTION BY FBCO SEC FEE .33 O8/14/01 08/09/01 SOLD 027 09,0101.12:11 091 EFTA00198232

CLEARED THROUGH ns ?mow, °ME° SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New Y New York 10167 27 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 08/14/01 08/14/01 08/14/01 08/14/01 08/17/01 08/20/01 08/20/01 08/22/01 TRADE DATE TRANSACTION EXCHANGE DESORPTION AT&T CORP LIBERTY MEDIA GROUP siamoccuse 001957208 TO Y 1-I EXCHANGE LIBERTY MEDIA CORP WFROM MANDATORY EXCHANGE 1-I LMCA EXCHANGE EXCHANGE AT&T CORP LIBERTY MEDIA GROUP TO NO Y EX FiA 1-I LIBERTY MEDIA CORP FROMM. Y EXC 001957208 0,1CA 08/14/01 SOLD METROMEDIA FIBER NETWORK INC MFNX CL A EXECUTION BY REDI COMMISSION 270,00 SEC FEE .51 08/15101 SOLD ADELPHIA BUSINESS SOLUTIONS AB12 NC CL A EXECUTION BY REDI COMMISSION 46.00 SEC FEE .30 08/15/01 SOLD ADELPHIA BUSINESS SOLUTIONS AB12 NC CL A EXECUTION BY FBCO SEC FEE .65 08/17/01 SOLD GOODRICH CORPORATION GR WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY MSOO COMMISSION 169,00 SEC FEE 3.18 Beer. SZeirns S0N, MI Cap. Ore Mevolech Contm North Beccidon. New Year 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD July 28.2001 THROUGH August 31.2001 ACCOUNT NUMBER TAXPAYER KAMER LAST STATEMENT Juk. 27.2001 GUMMY Pala DEBIT AMOUNT CREPT AMOUNT -37,800 37.800 37.800 .37.800 .13.500 1.11660 14.788.59 2.300 3.90000 8.908.70 5.000 3.90000 19.484.35 .2.700 35.23120 94.917.06 027 0901 01.12:11 091 v496 EFTA00198233

CLEARED THRWGH ITS niCkLY 0%M.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New Y New York 10167 28 . Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACT/ON 08/22/01 08/17/01 SOLD DESCRVTION NAVISTAR INTERNATIONAL CORP NEW SEE NOTE '5* ON BACK EXECUTION BY JPHO COMMISSION 140,00 SEC FEE 2.41 TOMMY HILFIGER CORP-ORD EXECUTION BY RHCO COMMISSION 140,00 ADELPHIA BUSINESS SOLUTIONS P93 CL A EXECUTION BY REDI COMMISSION 24.00 SEC FEE .14 AMR CORP-DEL WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY GSCO COMMISSION 252,00 SEC FEE 3.95 ALASKA AIR GROUP INC WITH RIGHTS TO PURCHASE PREFRO STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY GSCO COMMISSION 21700 SEC FEE 3.34 CAPSTONE TURBINE CORP EXECUTION BY TWPT SEC FEE 1.58 CONVERGYS CORP EXECUTION BY OPOO COMMISSION 224,00 SEC FEE 2.94 COMCAST CORP-SPECIAL CL A EXECUTION BY SB.SH SEC FEE 4.48 SYMBOL/CUE? NAV DUMMY -2,000 36.13540 PRia Beer. SZetrns SON, t4,1 SOO. Ore Metselech Center North Beccidon. Hew VC* 11201.0859 INSTITUTIONAL INTERESTS STATEMENT PERK* Jul 28. 2001 THROUGH AuGmEt 31.2001 ACCCUNT NUMBER TAXPAYER AILAA3ER LAST STATEMENT July 27.2001 DEIST AMOUNT CREPT AMOUNT 72,11339 D8/21/O1 08117/01 BOUGHT TOM 2.000 12.80820 25,771.40 08/23/01 08720/01 SOLD ABIZ .1200 3.31220 3.935.50 08/23/01 08/20/01 SOLD AMR 3.600 32.89610 118,155.01 08/23/01 08/20/01 SOLD ALK -3.100 32.28990 99,863.35 08/23/01 08/20/01 SOLD CPST -6,200 7.61960 47,224.94 08.(23/01 08,20/01 SOLD CVG -3,200 27.49650 87,746.86 08/23/01 08720/01 SOLD CMCSK -3,600 37.27530 134,171.60 027 09,01.01.12:11 001 EFTA00198234

CLEARED THRWGH ITS niCkLY CAMEO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New Y New York 10167 29 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSIODON DESORPTION STMEIOMOUSIP OVANTITT PRCE DEBIT AMOUNT OREM MADUNT 08/23/01 08/20/01 SOLD CONTINENTAL AIRUNES INC-CL B CAL -1,600 43.25970 69,086.21 EXECUTION BY DAN COMMISSION 112,00 SEC FEE 2,31 08/23/01 08/20/01 SOLD GOODRICH CORPORATION GR -5,600 34.82760 194,621.05 WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY DADA COMMISSION 392.00 SEC FEE 6,51 08/23/01 08/20/01 SOLD HCA INC HCA -2,100 46.61480 97,725.81 (FRM HCA-HEALTHCARE COMPANY; EXECUTION BY MS00 COMMISSION 147.00 SEC FEE 3,27 08/23/01 08/20/01 SOLD HEALTH MANAGEMENT ASSOCIATES HMA -3,200 20.08410 64,027S7 NC NEW-CL A SEE NOTE '51 ON BACK EXECUTION BY MSOO COMMISSION 224.00 SEC FEE 2,15 08/23/01 08/20/01 SOLD LYONDELL CHEMICAL COMPANY LY0 -6,000 13.92520 83,128.41 WITH RIGHTS TO PURCHASE COMMON STK UNDER CERTAIN CIRCUMSTANCE 08/23/01 08/20/01 SOLD NORTHWEST AIRLINES CORP NWAC -2,200 23.02940 50,647S9 EXECUTION BY SLKC SEC FEE 1,69 08/23/01 08/20/01 SOLD QUANTA SERVICES INC POUR -3,550 18.81800 66,538.17 EXECUTION BY TUCK COMMISSION 248.50 SEC FEE 223 08/23/01 08/20/01 SOLD SOLUTIA INC SOI -1,900 13.68560 25,85177 EXECUTION BY SOCO COMMISSION 133.00 SEC FEE ,87 Beer. SZetrns SON, t4,1 COO. Ore Mevolech Cella NOM Beccidon. New VC* I I2DI.3SS9 INSTITUTIONAL INTERESTS STATEMENT PERK* Jul/ 28.2001 THROUGH AuGNSI 31.2001 ACCOUVT NUMBER TAXPAYER NIUUSER LAST STATEMENT Juk. 27. 2001 07/ 090101.12:11 091 v496 EFTA00198235

CLEARED THRWGH ITS niCkLY 0%M.E0 SUBSIDIARY BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New Y New York 10167 30 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACT/ON 08/23/01 08/20/01 SOLD DESORPTION SOUTHWEST AIRLINES CO WITH RIGHTS TO PURCHASE COMMON STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY RHCO COMMISSION 367,00 SEC FEE 3.13 TYCO INTERNATIONAL LTD EXECUTION BY HOWA COMMISSION 259,00 SEC FEE 6A7 TENET HEALTHCARE CORP ancoucusr UN CIUMMTT -5,100 18.39530 PRICE Beer. SZeirns SON, t4,1 Dap. Ore Mevolech Cantm North Beccidon. New VC* 11201'3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD Jul 28.2001 THROUGH AuGmEt 31.2001 ACCOUNT NUMBER TAXPAYER K1. ER LAST STATEMENT July 27.2001 DESK AMOUNT CREPT ATROVNT 93,440.90 08/23/01 08/20/01 SOLD NC -3,700 52.42840 191704.61 08/23/01 08/20/01 SOLD THC -1,900 55.01170 104,385.74 08123/01 08/20/01 SOLD THOMAS 8 BETTS CORP WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMEIMCE EXECUTION BY SOCO COMMISSION 122,50 SEC FEE 1.20 UNIVERSAL HEALTH SERVICES INC CL B EXECUTION BY FANA COMMISSION 91,00 SEC FEE 2.15 ADELPHIA BUSINESS SOLUTIONS RC CL A EXECUTION BY REDI VSP 1200 W31/00_1300 8/16/00 1400 9/15/00. 3400 8/17/00 5000 10/3/00 COMMISSION 248,00 AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY RSSF INS -1,750 20.41660 35,590.35 ovrarot 08/20/01 SOLD UHS -1.300 49.46560 64,197.13 08/24/01 08/21/01 SOLD ABIZ .12.300 2.03320 24,746.52 08124/01 08/21/01 BOUGHT AEOS 2,200 24.39440 53,682.68 08/24/01 08/21/01 SOLD LYONDELL CHEMICAL COMPANY WITH RIGHTS TO PURCHASE COMMON STK UNDER CERTAIN CIRCUMSTANCE LYO -1,000 13.94460 13,874.13 07/ 09.0101:12:11 001 VASE EFTA00198236

CLEARED THRWGH ITS niCkLY 0%M.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New Y New York 10167 31 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACT/0N DESORPTION SY1A3OUCUSIP 01./NVMY PRICE DEIST AMOUNT CREPT AMOUNT 08/24/01 08/21/01 SOLD OFFICE DEPOT INC ODP -1,800 13.02570 23,322.47 WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY BUCK COMMISSION 108.00 SEC FEE .79 08/24/01 08/21/01 SOLD OMNICARE INC OCR -5.900 25.20730 148.290.11 EXECUTION BY MOW COMMISSION 413.00 SEC FEE 4,96 08/24/01 08/21/01 SOLD TALBOTS INC TLB -1,200 38.10340 45,635.55 EXECUTION BY BUCK COMMISSION 72.00 SEC FEE 1.53 08/28/01 08/23/01 SOLD DMC STRATF_X NETWORKS INC SIAN -2,000 10.25000 20,484.31 EXECUTION BY DAIN SEC FEE .69 08/28/01 08/23/01 SOLD INTERNET SEC SYS INC ISSX -2,400 15.34010 36,728.01 EXECUTION BY INET COMMISSION 72.00 SEC FEE 1.23 08/28/01 08/23/01 SOLD K MART CORP KM -1,700 11.36000 19.192.35 AVG PRICE SHOWN-DETAILS ON REO ACTUAL CCWEIRM TO YOUR AGENT 08/28/01 08/23/01 SOLD OFFICE DEPOT INC ODP -2,200 13.22330 28.943.29 WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY BUCK COMMISSION 132,00 SEC FEE .97 0828,01 082101 SOLO REMEC INC REMC -3.500 10.22500 35.771.30 EXECUTION BY NEED SEC FEE 1.20 Beer. SZeirhs S0C,r44,1 OPP 0 -41km:tech Center North Beccidon. New VC* 112014869 INSTITUTIONAL INTERESTS STATEMENT PERK* July 28. 2001 THROUGH Austria 31.2001 ACCOUNT NUMBER TAXPAYER NIUUSER LAST STATEMENT July 27.2001 027 0901 .01.12:11 091 EFTA00198237

CLEARED THRWGH ITS niCkLY 0%M.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New Y New York 10167 32 v? Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACTION 08/28/01 08/28/01 BOUGHT bhhivbi eargiai bib OESCRPTION CALL COMCAST-SPL OCT 035•••• EXP 10+20/2001 AVG PRICE SHOWN-DETALS ON REO ACTUAL CaSIRM TO YOUR AGENT CLOSING CONTRACT Istff thikAgY-.§PL MY 6551" EXP 10+20/2001 AVG PRICE SHOWN-DETALS ON REO ACTUAL CaFIRM TO YOUR AGENT CLOSING CONTRACT SYMBOLCUSC OCOKJG PACE 9 3.20000 Beer. SZeirns SON, t4,1 COO. Dec Mevolech Cantm North Beccidon. New VC* 112014869 INSTITUTIONAL INTERESTS STATEMENT PERK* Jul/ 28. 2001 THROUGH August 31.2001 ACCCUNT NUMBER TAXPAYER AILAA3ER LAST STATEMENT Jul, 27.2001 DEBIT AMOUNT 2,907.00 CHEM MONO 1. 7 . 7 08/29/01 08/24/01 SOLD ADELPHIA BUSINESS SOLUTIONS NC CI. A EXECUTION BY REDI VS 8900 01-18-01 COMMISSION 178,00 SEC FEE .59 DMC STRATEX NETWORKS INC EXECUTION BY DRAB SEC FEE .14 MCDATA CORP CL A EXECUTION BY TWPT SEC FEE .68 TOMMY HILFIGER CORP-ORD EXECUTION BY BUCK COMMISSION 120,00 CALL COMCAST-SPL OCT 035"" EXP 10120/2001 AVG PRICE SHOWN-DETALS ON REO ACTUAL CCNF1RM TO YOUR AGENT CLOSING CONTRACT AS OF 08128/01 ABIZ -8,900 1.95930 17.244.18 08/29/01 08/24/01 SOLD STXN .400 10.25000 4,084.86 08/29/01 08/24/01 SOLD MCDTA -1.300 15.64330 20,320.61 08/29/01 08/24/01 BOUGHT TOM 2.000 13.16280 26,460.60 08/29/01 08/28/01 BOUGHT OCOKJG 9 3.20000 2,907.00 09/ 09 01 ir 12:11 0: v491.: EFTA00198238

CLEARED THRWGH ITS niCkLY 0%M.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New Y New York 10167 33 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACTION 08/29/01 08/28/01 CANCEL BUY OESCRPTION CALL COMCAST-SPL OCT 035"" EXP 10120/2001 AVG PRICE SHOWN-DETALS ON REO ACTUAL CaFIRM TO YOUR AGENT CLOSING CONTRACT NO SID 08/28101 TO C10. PREVIOUS BUY SME/OLCUSJP OCOKJG WANTITY -9 PRCE 3.20000 Beer. SZeirns SON, t4,1 COO. Dec Mevolech Cantm North Beccidon. New VC* 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERK* Jul 28. 2001 THROUGH AucuSt 31.2001 ACCCUNT NUMBER TAXPAYER AILAA3ER LAST STATEMENT July 27.2001 DEIST AMOUNT CREPT M.VUNT 2,907.00 0629/01 08/28/01 CANCEL SELL PUT COMCAST-SPL OCT 035 • EXP 10120/2001 AVG PRICE SHOWN-DUALS ON REO ACTUAL OCtfiRM TO YOUR AGENT CLOSING CONTRACT AM SA 0828101 TO CC. PREVIOUS SELL OCC/KVG 9 1.00000 872.97 oatmot 08/28/01 SOLD PUT CAMCAST-SPL OCT 035 EXP 10/20/2001 AVG PRICE SHOWN-DUALS ON REO ACTUAL COtFWM TO YOUR AGENT CLOSING CONTRACT AS OF 08/28/01 OCC/KVG -9 1.00000 872.97 08/30/01 08/27/01 SOLD ADELPHIA BUSINESS SOLUTIONS Cl. NC A EXECUTION BY REDI VS 7300 09.28-00 VS 1400 9-28-00 VS 8400 12.14-00 VS1100 1-18-01 COMMISSION 364,00 PUT ROYAL CARIBB SEP22.50 EXP 09122/2001 AVG PRICE SHOWN-DUALS ON REO ACTUAL CCWFIRM TO YOUR AGENT OPEN CONTRACT AS OF 08/29/01 ABIZ 18.200 1.82230 32.785.75 08/30/01 08/29/01 BOUGHT ORCLU22 42 0.63900 2,767.80 027 D9,01,01:12:11 001 V496 EFTA00198239

CLEARED THROUGH ITS ?mow, °ME° SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New York. New York 10167 34 m s3 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 08/30/01 TRADE DATE TRANSACTON 08/29101 BOUGHT DESORPTION PUT ROYAL CARIBB SEP22.50nn EXP 09/22/2001 AVG PRICE SHOWN-DETALS ON REO ACTUAL CONFIRM TO YOUR AGENT OPEN CONTRACT AS OF 08129101 SYTMOLCUSIP ORCLU22 °VANN'', 39 PRCE 0.72500 Beer. Saea•ns Secallks DPP. Ore Mon:tech Cantm North Beccidon. New VC* I I201.3SS9 INSTITUTIONAL INTERESTS STATEMENT PERK* kit 28. 2001 THROUGH MOAT 31.2001 ACCCUNT NUMBER TAXPAYER NUMER LAST STATEMENT Jul, 27.2001 DEED AMOUNT 2,905.50 CFECC7 AMOcter 08/30/01 08/29/01 BOUGHT PUT CARNIVAL CP SEP 030"n EXP 09122/2001 AVG PRICE SHOWN-DETALS ON REO ACTUAL CONFIRM TO YOUR AGENT OPEN CONTRACT AS OF 08/29/01 OCCLUF 8 0.53500 444.00 08/30/01 08/29/01 BOUGHT PUT CARNIVAL CP SEP 030 EXP 09/22/2001 AVG PRICE SHOWN-DETALS ON REO ACTUAL COAFIRM TO YOUR AGENT OPEN CONTRACT AS OF 08129101 OCCLUF 42 0.48000 2.100.00 08/31/01 08/27/01 CANCEL SELL ADELPHIA BUSINESS SOLUTIONS INC CL A EXECUTION BY REDI VS 7300 09.28-00 VS 1400 9-28-00 VS 8400 12-14-00 VS1100 1-18-01 TO CC_ PREVIOUS SELL ABIZ 18.200 1.82230 32,785.75 08/31/01 08/27/01 SOLD ADELPHIA BUSINESS SOLUTIONS NC CL A EXECUTION BY REDI VS 7300 09.28-00 12-14-00 VS1100 1-18.01 ORIGINAL SID 08/30/01 COMMISSION 168,00 ABIZ .8.400 1.96100 16,288.85 027 OSOIDI:12:11 031 V496 EFTA00198240

CLEARED THROWN ITS wilekLY 0%M.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New York. New York 1O167 35 0 s3 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION CESCRCTION SY1A3OUCUSV CUANTiTe ARSE DEBIT AMOUNT OREM AMOUNT O8/31/O1 08/27/01 SOLD ADELPHIA BUSINESS SOLUTIONS ABLE -9.8OO 1.8223O 17,646.94 IAC CL A EXECUTION BY REDI VS 1400 09.28.00 12-14-00 VS84OO 1-18-01 ORIGINAL SID 08/30/01 COMMISSION 19600 O8/31/O1 O8/28/O1 BOUGHT AMERICAN EAGLE OUTFITTERS INC AEOS 1.9OO 25.9989O 49.412.91 NEW EXECUTION BY RSSF AS OF 08128101 O8/31/O1 O8/28/O1 SOLD MAR CORP-DEL AMR -3,950 33.32O4O 131.319.69 WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY MSCO COMMISSION 276,5O SEC FEE 4.39 O8/31/O1 O8/2&O1 SOLD ALASKA AIR GROUP INC ALK -3.100 32.6368O 100,938.70 WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY DRKW COMMISSION 21700 SEC FEE 3.38 O8/31/O1 O8/28/O1 SOLD COMCAST CORP-SPECIAL CL A CMCSK -9OO 36.84OOO 33.139.89 EXECUTION BY MTCO SEC FEE 1.11 AS OF 08128101 O8/31/O1 O8/28/O1 SOLD CONTINENTAL AIRLINES INC-CL B CAL -1,95O 44.19O5O 86,O17.1O EXECUTION BY MSOO COMMISSION 136.5O SEC FEE 2.88 bk61A51 rlithkell NBRYHtvtSY'Aflifiti€S'66Y7O -2.25O 21.4511O 48.248.37 Beer. Saes•ns SON, t4,1 COO. Ore Mon:tech Comer North Beccidon. New VC* I I20I.3SS9 INSTITUTIONAL INTERESTS STATEMENT PEFA00 July 28.2001 THROUGH August 31.2001 ACCOUNT NUMBER TAXPAYER NIUUSER LAST STATEMENT Jilt 27.2001 EXECUTION BY SLKC SEC FEE 1.61 027 OSOIDI :12:11 031 V496 EFTA00198241

CLEARED THRWGH ITS niCkLY CAMEO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New Y New York 10167 36 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACTION 08/31/01 08/28/01 SOLD OESCRIPTION SPECTRASITE HOLDINGS INC EXECUTION BY LEHM VS 3550 05.22-01 VS 550 6-29.01 VS 2400 5-09-01 SEC FEE .51 AS OF 08/28101 SYMBOUCUSAP SITE WANTITY -6,500 PRICE 2.30960 Beer. SZeirns S0C.,44.1 Dap. Cr.* Mevolech Cella North Beccidon. Nev. TO. 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERK* Jul 28. 2001 THROUGH Austria 31.2001 ACCCUNT NUMBER TAXPAYER NUUMER LAST STATEMENT July 27.2001 DEIST AMOUNT MOD MOUNT 14,996.89 08/3 1/01 08/28/01 SOLD TALBOTS INC EXECUTION BY FCAP COMMISSION 126,00 SEC FEE 2,25 UNITEDGLOBALCOM CL A EXECUTION BY SI3SH SEC FEE 2,76 PUT ROYAL CARIBB SEP22.50- -. EXP 09122/2001 AVG PRICE SHOWN-DETALS ON REO ACTUAL CONFIRM TO YOUR AGENT OPEN CONTRACT AS OF 08/30101 118 -1.800 37.46460 67.293.03 08/31/01 08/28/01 SOLD UCOMA -19,950 4.14640 82,702.92 08/31/01 08/30/01 BOUGHT ORCLU22 39 0.72500 2.905.50 08/31/01 08/29/01 CANCEL BUY oktaithi 6646/61 tou6H11 PUT ROYAL CARIBB SEP22.50* ' EXP 09/22/2001 AVG PRICE SHOWN-DETALS ON REO ACTUAL CONFIRM TO YOUR AGENT OPEN CONTRACT NO SO 08/30/01 TO C/0. PREVIOUS BUY Istff Cab& dP tea did EXP 09122/2001 AVG PRICE SHOWN-DETALS ON REO ACTUAL CONFIRM TO YOUR AGENT OPEN CONTRACT AS OF 08/30101 ORCLU22 (Mawr -39 0.72500 2.905.50 8 0.53500 444.00 07/ 090101.12:11 091 v496 EFTA00198242

CLEARED THRWGH ITS niCkLY CAM.EO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New Y New York 10167 37 v? Transaction Detail (continued) INVESTMENT ACTIVITY (carted) SETTLEMENT TRADE DATE DATE TRANSACTON DESCRIPTION 08/31/01 08/29/01 CANCEL BUY PUT CARNIVAL CP SEP 030"" EXP 09722/2001 AVG PRICE SHOWN-DETALS ON REO ACTUAL COE•F1RM TO YOUR AGENT OPEN CONTRACT AM SID 08130,01 TO C10. PREVIOUS BUY ST1A3WCUSIP GOMM PRICE OCCLUF -8 0.53500 Beer. SZeirns SON, t4,1 Cap. Dec Metsclech Car:tog North Beano. New VC* 112014969 INSTITUTIONAL INTERESTS STATEMENT PER100 Jul/ 28.2001 THROUGH MOAT 31.2001 ACCCANT NUMBER TAXPAYER NUUSER LAST STATEMENT Jul/ 27.2001 DENT AMOUNT CREDIT (IMOUNT 444.00 TOTAL $-991,606.48 $4,406,893.38 MONEY FUND ACTIVITY DATE MWDAT TRANSACTOR DESCRIPTION SYMEIXittISIP Comm. PPtE DEBIT AMOUM CREDIT AMOUNT 07/28/01 OPENING BALANCE 1,638,160.09 08/08/01 BOUGHT IMEININIMO8Flnuo GTDXX 1.000.000 1.0000 1.000.000.00 08/13/01 JOURNAL THE TREASURERS FUND INC GTD)0( 2.638.160.09 DO MbiLagane ID FROM: la-USD JFIL • 08/13/01 JOURNAL THE TREASURERS FUND POR INC GTDXX -2.638,160.09 DOMES TIS6MbiLM61 TFOLIO TO: TDSUSO AIL • 08/21/01 DIVIDEND INNIORMAKtio GT0)0( 5,369.13 MONTHLY DIVIDEND 08/21/01 REINVEST NEIEMEIMORIkuo GTO10( 5,369.13 5.369.13 MONTHLY DIVIDEND REINVESTED 08/22/01 JOURNAL Vr ACIO GTO10( 5,369.13 FROM: Tua-USD a • 027 09,01.01:12:11 001 v496 EFTA00198243

CLEARED THROUGH ITS ?new ()MED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New York. Now York 10167 38 c! Transaction Detail (continued) MONEY FUND ACTIVITY (continued) DATE 1.@OAT TRANS...MN 08/21J01 JOURNAL DESCRIPTON I'Ll.1084460 TO: SD • JAL • FT/coccus', GTOXX awany PRICE -5.369.13 Beer. S1e9•n5 90889,49 COO. CeoLlevalech Cantm north Beano. Hew Ye* 11201'3$S9 INSTITUTIONAL INTERESTS STATEMENT PERIOD Jul/ 28.2001 THROUGH August 31.2001 *COMM NUMBER TAXPAYER NJUSER LAST STATEMENT Jul/ 27.2001 DEBIT AMOUNT CREDIT MAWR 08/23/01 BOUGHT bkd?x,51 ",idA}iFiAi THE TREASURERS FUND INC DOMESTIC PRIME MM PORTFOLIO WitYREMOMEA§VON151 DOMESTIC PRIME WM PORTFOLIO ADJ PM. VS BOOKKEEPING EM • JFIL • GTDXX ?ISSN 1.500.000 1.0000 1.500.000.00 2,135,879.76 08/31/01 CLOSING BALANCE 4.143.529.22 TOTAL $-2,505.369.13 $2,141,248.89 DIVIDENDS DATE DESCRIPTIN SYMBOIJCUSIP OUAPITITT PATE (S) DENT AMOUNT CPECa AMCuur 08/01/01 TYCO INTERNATIONAL LTD TIC 11,300 0.0125 141.25 REC 07/02/01 PAY 08/01/01 08/15/01 NOVA CHEMICALS CORP NCX 8.600 0.0651 560.26 REC 07/31/01 PAY 08/15/01 WH 84.04 FOREIGN TAX WITHHELD 08/20/01 TEXAS INSTRUMENTS INC TXN 4,200 0.0212 89.25 REC 07/31/01 PAY 08/20/01 TOTAL $84.04 5790.76 027 0901V:12:1i 091 v896 EFTA00198244

CLEARED 1HRCOGH ns vruCtLY Che.E0 SUBSIDIARY BMR STMRNS OFFICE SERVICiNG YOUR ACCOUNT Bear. Steanis & Co. Inc. 245 Park Avenue New York New York 10167 39 Transaction Detail (continued) INTEREST DATE DESGRIMM 0821101 INT CR ST Are0VC uSP Best. SZetim& SOC,rthe Co . ,P Cr4 Metsolech Cordee North Becci0gn. New Yak 11201 3859 INSTITUTIONAL INTERESTS STATEMENT PERIO0 Juli 28.2001 TNROUGH August 31.2001 AcccuNT NUMEER TAXPATER NUMER LAST STATEMENT Jue 27.2001 OVANTIIY RATE 1N4 CENT miount CREW AMOUN1 AUG 01 5288.07 TOTAL 55,288.07 MISCELLANEOUS DATE Mal)AY TRANSACTCN DESUMMEN 07/30/01 JOURNAL TO CLOSE UNE DEEIT AMOUNT CRECIT AMDUNT 133.277.39 07/30/01 JOURNAL tigethYi JeirgiNAL CASH TO CLOSE UNE Wiöinta uSb • JRL TO: TEL SD 1.475,965.68 • a • FROM: TDS USD 117.476.81 • JRI. • TO: TDI../ SD • JRI. • O8Ø/01 JOURNAL o8/16/01 JOURNAL 133,277.39 1.475.965.68 OV16/01 JOURNAL O8/22/01 JOURNAL 117,476.81 FROM: TD USD • JRL • TO: TDI../ USD 5,377.32 • JRI. • O8/21J01 JOURNAL 5.377.32 08/23/01 JOURNAL ADJ PNL VS 8D08324 1,017.00 • JRL • 02123/01 JOURNAL ADJ PNL VS S670205 8,040.90 • a• 08/23/01 JOURNAL ADJ PNL VS P093188 14,423.97 • a• 08/23/01 JOURNAL ADJ PNL VS SO05249 19,149.59 • JRI. • 027 09,01,01112:11 031 V496 EFTA00198245

CLEARED 1HRCAJGH ITS ~GUY OtM•ED SUBSIDIARY BffiR STffiRNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New York. New York 10167 Beer. Szetrns Sec.r.t.ei C.0%. CA* Movelea Conte< North Brock/pl. New rak I 1201.38S9 INSTITUTIONAL INTERESTS 40 c, Transaction Detail (continued) MISCELLANEOUS (continued) DATE MOAT TPANSACTAZN DESCRIPTION DEBIT AMOUNT CREDIT AMOVIT 08/23101 JOURNAL ADJ PNL VS 8007005 28,940.51 • JRL 08/23/01 JOURNAL ADJ PNL VS T318061 38,261.78 • JRL • 08/23/01 JOURNAL ADJ PNL VS N033733 65,154.40 • JRL • 08/23/01 JOURNAL ADJ PNL VS D005297 66,906.00 • JRL • 08123/01 JOURNAL ADJ PNL VS K426337 74,631.62 • " • 08123/01 JOURNAL ADJ PNL VS V452833 77,072.97 • " • 08123/01 JOURNAL ADJ PNL VS C007948 88,147.80 • " • 08123/01 JOURNAL ADJ PNL VS P013327 91,738.74 • JRL • 08/23/01 JOURNAL ADJ PNL VS P860777 99.521.96 • JRL 08/23/01 JOURNAL ADJ PNL VS L704777 100,340.40 • "• 08/23/01 JOURNAL ADJ PNL VS P004906 103,490.43 • JRL 08123/01 JOURNAL ADJ PNL VS C783361 103,561.00 • JRL 08/23/01 JOURNAL ADJ PNL VS T236300 105,167.04 • " • 08123/01 JOURNAL ADJ PNL VS M003445 107,337.88 • " • 08123/01 JOURNAL ADJ PNL VS N347887 113,050.42 • JRL • 08/23/01 JOURNAL ADJ PNL VS V001439 113,303.08 • JRL • STATEMENT PER« Jui/ 28.2001 THROUGH August 31.2001 ACCOUNT NUMBER TAXPAYER AMMER LAST STATEMENT Jul/ 27.2001 027 O9AbOt92:11 031 EFTA00198246

CLEARED THROUGH ITS ~Or, 0‘1N{0 SUBSIDIARY BffiR STffiRNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New York. New York 10167 41 c, Transaction Detail (continued) MISCELLANEOUS (continued) DATE MOAT TPANSACTel DESCRIPT1CH DEBIT AMOUNT CREDIT AMOJNT 08/23101 JOURNAL ADJ PNL VS A542256 114,440.39 • JRL * 08/23/01 JOURNAL ADJ PNL VS H008377 120,193.04 • " * 08/23/01 JOURNAL ADJ PNL VS A010183 122,859.48 • JRL * 08/23/01 JOURNAL ADJ PNL VS E541603 124,955.34 • JRL • 08123/01 JOURNAL ADJ PNL VS A007120 127,053.01 • " • 08123/01 JOURNAL ADJ PNL VS T005734 131,686.23 • " • 08123/01 JOURNAL ADJ PNL VS T238433 133,526.29 • JRL • 08123/01 JOURNAL ADJ PNL VS S742352 139,642.97 • JRL • 08123/01 JOURNAL ADJ PNL VS A059849 150,945.17 • " * 08/23/01 JOURNAL ADJ PNL VS M001504 153,181.00 • " * 08/23/01 JOURNAL ADJ PNL VS K013050 162,076.11 • JRL 08123/01 JOURNAL ADJ PNL VS H076900 163,454.67 • JRL * 08/23/01 JOURNAL ADJ PNL VS C562466 166,585.10 • " • 08123/01 JOURNAL ADJ PNL VS A157706 169,243.38 • " • 08123/01 JOURNAL ADJ PNL VS C539723 171,897.90 • JRL • 08/23101 JOURNAL ADJ PNL VS E000587 175,201.25 • JRL • Beer. Szetrns Sec.r.t.ei C.0%. Ore Meveleen Conte< North Scamp. Nev. Tc6. 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PER« Jul/ 28. 2001 THROUGH August 31.2001 ACCOUNT NUMBER TAXPAYER AMMER LAST STATEMENT Jul/ 27. 2001 027 090101:12:11 031 V498 EFTA00198247

CLEARED THROUGH ITS ~GUY 0"ED SUBSIDIARY BffiR STffiRNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New York. New York 10167 42 c, Transaction Detail (continued) MISCELLANEOUS (continued) DATE MDDAY TPANSACTel DESCRIPTCN DEBIT AMOUNT CREDIT AMOUNT 08/23101 JOURNAL ADJ PNL VS C007750 176,226.79 • JRL 08/23/01 JOURNAL ADJ PNL VS R000490 176,745.18 • JRL • 08/23/01 JOURNAL ADJ PNL VS H006317 177,686.59 • JRL • 08/23/01 JOURNAL ADJ PNL VS N005062 178,201.26 • JRL • 08123/01 JOURNAL ADJ PNL VS S423303 179,948.10 • " • 08123/01 JOURNAL ADJ PNL VS M010106 187,357.77 • " • 08123/01 JOURNAL ADJ PNL VS P003856 199,765.29 • " • 08123/01 JOURNAL ADJ PNL VS T003189 203,011.82 • JRL • 08123/01 JOURNAL ADJ PNL VS SO11028 204,962.29 JRL 08/23/01 JOURNAL ADJ PNL VS C214716 206,756.73 • "• 08/23/01 JOURNAL ADJ PNL VS A004892 219,524.63 • JRL • 08123/01 JOURNAL ADJ PNL VS A009462 220,074.32 • JRL • 08123/01 JOURNAL ADJ PNL VS A004337 226,880.03 • " • 08123/01 JOURNAL ADJ PNL VS T510879 237,070.73 • " • 08123/01 JOURNAL ADJ PNL VS M001193 239,807.39 • JRL • 08123/01 JOURNAL ADJ PNL VS U649784 250,979.80 • JRL • Beer. 3etrns Sec.m.1 Off. Cc* Meeselea Center North Beeciam. New Tuk 11201.2859 INSTITUTIONAL INTERESTS STATEMENT PER« Jul/ 28.2001 THROUGH August 31.2001 ACCOUNT NUMBER TAXPAYER AMMER LAST STATEMENT Jul/ 27. 2001 027 DA01.01:12:11 001 V4901 EFTA00198248

CLEARED IHRO.IGH ITS ~DU? OtW.E0 SUBSIDIARY BffiR STffiRNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New York. New York 10167 43 c, Transaction Detail (continued) MISCELLANEOUS (continued) DATE MOAT TPANSACTel DESCRIPTION DEBIT AMOUNT CREDIT AMOJNT 08/23/01 JOURNAL ADJ PNL VS A013568 266,613.81 • JRL 08/23/01 JOURNAL ADJ PNL VS 6437218 274,608.84 • JRL • 08/23/01 JOURNAL ADJ PNL VS1049343 277,883.43 • JRL • 08/23/01 JOURNAL ADJ PNL VS R519932 281,994.50 • JRL • 08123/01 JOURNAL ADJ PNL VS A003161 313,617.80 • " • 08123/01 JOURNAL ADJ PNL VS P011244 335,101.09 • " • 08123/01 JOURNAL ADJ PNL VS B002667 354,999.63 • " • 08123/01 JOURNAL ADJ PNL VS 0001216 373,662.01 • JRL • 08123/01 JOURNAL ADJ PNL VS P056496 385,057.23 • JRL • 08/23/01 JOURNAL ADJ PNL VS CO07261 466.912.33 • "• 08/23/01 JOURNAL ADJ PNL VS A007464 478.602.46 • JRL • 08123/01 JOURNAL ADJ PNL VS T001800 578,928.42 • JRL • 08/23/01 JOURNAL ADJ PNL VS A000716 2.135.879.76 • " • 08123/01 JOURNAL ADJ PNL VS L493353 1.269.07 • " • 08123/01 JOURNAL ADJ PNL VS 8D08251 3.662.87 • JRL • 08123/01 JOURNAL ADJ PNL VS H196031 9.611.04 • JRL • Beer. Szetrns Sec.r.t.ei Cot. Ore Mon:loch Conte< North Brock/pl. New rak 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PER« Jul/ 28.2001 THROUGH August 31.2001 ACCOUNT NUMBER TAXPAYER AMMER LAST STATEMENT Jul/ 27.2001 027 09,01,01:12:11 001 V496 EFTA00198249

CLEARED IHRaIGH ITS ~GUY OtM•ED SUBSIDIARY BffiR STffiRNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New York. New York 10167 44 c, Transaction Detail (continued) MISCELLANEOUS (continued) DATE 1.10:DAY ISPAISACTCN DESCRIPTION ~AMOUNT CREPT PACUNT 08/23/01 JOURNAL ADJ PNL VS C682194 31,004.73 • JRL 08/23/01 JOURNAL ADJ PNL VS 0003054 44,641.54 • JAL • 08/23/01 JOURNAL ADJ PNL VS M004261 75,518.00 • JRL • 08/23/01 JOURNAL ADJ PNL VS H000310 93,861.13 • JR,. • 08123/01 JOURNAL ADJ PNL VS T232901 107,441.85 • " • 08123/01 JOURNAL ADJ PNL VS M174714 131,732.94 • " • 08123/01 JOURNAL ADJ PNL VS U330957 150,871.95 • " • 08123/01 JOURNAL ADJ PNL VS A009590 202,079.65 • JRL • 08/23/01 JOURNAL ADJ PNL VS H010261 206,894.68 • "• 08/23/01 JOURNAL ADJ PNL VS H008318 295,909.17 • JRL • 08123/01 JOURNAL ADJ PNL VS S207608 639,794.20 • JRL 08/23/01 JOURNAL MPHARMA INC-CL A 313,617.80 PNL VS BOOKKEEPING ENT • JRL 08/23101 JOURNAL ACM INC 226.880.03 PNL VS BOOKKEEPING ENT • JRL 08/23/01 JOURNAL ALLEGIANCE TELECOM INC 219,524.63 PNL VS BOOKKEEPING ENT • JRL ' 027 09.0181:12:11 001 V496 Beer. Stearns SeC.r.t.es Off. Dec Mon:loch Conte< North Brock/pl. New Yak I I201.28S9 INSTITUTIONAL INTERESTS STATEMENT PERIOD Jul/ 28.2001 THROUGH August 31.2001 ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT Jul/ 27.2001 EFTA00198250

CLEARED THRWGH ITS ?RIMY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New York. New York 10167 45 c? s3 Transaction Detail (continued) MISCELLANEOUS (continued) DATE Wen WAISACTIM DESCRIPTION 08/23/01 JOURNAL APPLIED MICRO CIRCUITS CORP ADJ PNL VS BOOKKEEPING ENT • JRL • WM/61 JOU AL orLI1/21A ettgfuE§§§5016N INC CL A ADJ PNL VS BOOKKEEPING ENT • JRL DEBIT AMCOR, CREW MAWNT 127,053.01 47 .602.46 08/23/01 JOURNAL AT&T CORP UBERTY MEDIA GROUP SER A AD! PNL VS BOOKKEEPING ENT • fl * AMERICAN EAGLE OUTFITTERS INC NEW ADJ PNL VS BOOKKEEPING ENT • JRL • 220.074.32 08/23/01 JOURNAL 202.079.65 08123/01 JOURNAL AGERE SYS INC CL A AD! PNL VS BOOKKEEPING ENT • fl * 122.859.48 08/23/01 JOURNAL AMR CORP-DEL ADJ PNL VS BOOKKEEPING ENT • JRL • 266.613.81 08/23/01 JOURNAL ADELPHIA COMMUNICATIONS CORP CL A ADJ PNL VS BOOKKEEPING ENT • JRL • 150.945.17 08/23/01 JOURNAL ALASKA AIR GROUP INC AD! PNL VS BOOKKEEPING ENT • fl * 169.243.38 08/23/01 JOURNAL ANALOG DEVICES INC AD! PNL VS BOOKKEEPING ENT • fl * 114.440.39 08/23/01 JOURNAL BEVERLY ENTERPRISES INC NEW ADJ PNL VS BOOKKEEPING ENT • JRL • 354.999.63 Beer. Saea•ns SeN•Ilkl COO. Ore Meesetech Center North Beccidon. New VC* 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERK* kit 28.2001 THROUGH MOAT 31.2001 ACCCUNT NUMBER TAXPAYER WEBER LAST STATEMENT .1u/t 27.2001 027 0901D1:12:11 031 11/4196 EFTA00198251

CLEARED THRWGH ITS niCkLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New York. Now York 10167 46 m s: Transaction Detail (continued) MISCELLANEOUS (continued) DATE Wen WAISACTIM 08/23/01 JOURNAL bedfritivi JOURNAL DESCRIPTION BRAUN CONSULTING INC All PNL VS BOOKKEEPING ENT • JRL • Eift2D1§ diNvikiuMEAttiia ADJ PNL VS BOOKKEEPING ENT • JAL • 09.123/(11 JOURNAL EAMMEIUMNINt tatit, ADJ PNL VS BOOKKEEPING ENT • JAL CONVERGYS CORP ADJ PNL VS BOOKKEEPING ENT • JRL CARNIVAL CORP-CL A ADJ PNL VS BOOKKEEPING ENT • JRL COMCAST CORP-SPECIAL CL A ADJ PNL VS BOOKKEEPING ENT • JRL DEBIT AMCWIT CREW MAWNT 28,940.51 466.912. 176.226.79 08/23/01 JOURNAL 88.147.80 08123/01 JOURNAL 206.756.73 08.123/01 JOURNAL 171,897.90 08/23/01 JOURNAL CONTINENTAL AIRLINES INC-CL 8 ADI PNL VS BOOKKEEPING ENT • JRL • 166.585.10 08/23/01 JOURNAL COOPER INDUSTRIES INC ADI PNL VS BOOKKEEPING ENT • JAL • 31.004.73 08/23/01 JOURNAL CUMMINS INC ADI PNL VS BOOKKEEPING ENT • JRL 101561.00 08/23/01 JOURNAL DMC STRATEX NETWORKS INC ADJ PNL VS BOOKKEEPING ENT • JRL 66.906.00 08/23/01 JOURNAL EDISON INTERNATIONAL ADJ PNL VS BOOKKEEPING ENT • JRL • 175.201.25 Beer. SZeirns SON, t4,1 Cory. CcoMetsclech Contm North Beccidon. New Ye* 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERK* kit 28.2001 THROUGH MOAT 31.2001 ACCCUNT NUMBER TAXPAYER WESER LAST STATEMENT Jul/ 27.2001 027 031 V496 EFTA00198252

CLEARED THRWGH ITS niCkLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New York. Now York 10167 47 m s: Transaction Detail (continued) MISCELLANEOUS (continued) DATE Wen TPANSACTCN DESCRIPTION 08/23/01 JOURNAL ENZON INC ADJ PNL VS BOOKKEEPING ENT • JRL • 6a41.61 JOURNAL H beffP6KATOW (FRM B F GOODRICH CO) ADJ PNL VS BOOKKEEPING ENT • JRL • DEBIT AMOUNT CREPT MOM 120,95534 74.608.84 08/23/01 JOURNAL ITT INDUSTRIES INC ADJ PNL VS BOOKKEEPING ENT • fl * 93,861.13 08/23/01 JOURNAL HONEYWELL INTL INC ADJ PNL VS BOOKKEEPING ENT • a • 177.686.59 08/23/01 JOURNAL I-MANY INC ADJ PNL VS BOOKKEEPING ENT • JRL • 295,909.17 08/23/01 JOURNAL INTERNET SEC SYS INC ADJ PNL VS BOOKKEEPING ENT • a - 120.193.04 08/23/01 JOURNAL HCA INC (FRM HCA-HEALTHCARE COMPANY) ADJ PNL VS BOOKKEEPING ENT • fl * 206,894.68 OW2=1 JOURNAL HARRIS CORP-DEL ADJ PNL VS BOOKKEEPING ENT • fl * 163.454.67 08/23/01 JOURNAL HEALTH MANAGEMENT ASSOCIATES INC NEW-CL A ADJ PNL VS BOOKKEEPING ENT • fl * 9811.04 08/23/01 JOURNAL K MART CORP ADJ PNL VS BOOKKEEPING ENT • fl * 162.076.11 Beer. Saea•ns SON, t4,1 COO. Ore Mon:tech Corer North Beccidon. New Ye* 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERK* Jul/ 28.2001 THROUGH MOAT 31.2001 ACCCUNT NUMBER TAXPAYER WESER LAST STATEMENT Jul/ 27.2001 027 OSOIDI :12:11 031 V496 EFTA00198253

CLEARED IHRCOGH ITS »sew, 0"ED SUBSIDIARY BEAR STD;RNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New YY New York 10167 48 Transaction Detail (continued) MISCELLANEOUS (continued) DATE LKIVAT TRMISACTCN DESCRIPTION 08/29/01 JOURNAL KOHLS CORP ADJ PNL VS BOOKKEEPING ENT • JRL • Cik•friOt JGLIANAL LIY dt.MR41(yr ADJ PNL VS BOOKKEEPING ENT • JRL • 09.*161 JOURNAL (26i4bra MitifiCAL 6Ofvfismni DEBIT AMOUNT CREPT ~UHT 74,631.62 ADJ PNL VS BOOKKEEPING ENT • JRL • MCLEODUSA INC-CL A FORMERLY MCLEOD INC ADJ PNL VS BOOKKEEPING ENT • JRL• 1,269.07 100.940.40 08/23/01 JOURNAL 239.807.39 08/23/01 JOURNAL MILLENNIUM CHEMICALS INC ADJ PNL VS BOOKKEEPING ENT • JRL• 153.181.00 08/23/01 JOURNAL METROMEDIA FIBER NETWORK INC CL A ADJ PNL VS BOOKKEEPING ENT • JRL 107.337.88 08/23/01 JOURNAL MCKESSON CORP ADJ PNL VS BOOKKEEPING ENT • JRL 75,518.00 08/23/01 JOURNAL MCDATA CORP CL A RAJ PNL VS BOOKKEEPING ENT • JRL 187.357.77 08/29/01 JOURNAL METHANE% CORP ADJ PNL VS BOOKKEEPING ENT • JRL 131,732.94 08/23/01 JOURNAL NOVACHEMICALS CORP RAJ PNL VS BOOKKEEPING ENT • JRL 178,201.26 Beer. Stearns Cot. Cr.* Meveleen Conte< North Beccmp. New Yak 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PER« Jul/ 28.2001 THROUGH August 31.2001 ACCOUNT NUMBER TAXPAYER NIAMER LAST STATEMENT Jul/ 27.2001 027 050141:12M 001 VOSC EFTA00198254

CLEARED THRWGH ITS vniCkLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New Y New York 10167 49 vi Transaction Detail (continued) MISCELLANEOUS (continued) DATE MWDAT TRAAISACTCN DESCRIPTION DEED AMOUNT MAT AACUNT 08/23/01 JOURNAL NAVISTAR INTERNATIONAL CORP 65,154.40 NEW ADJ PNL VS BOOKKEEPING ENT • JRL 08/23/01 JOURNAL NORTHWEST AIRUNES CORP 113.050.42 ADJ PNL VS BOOKKEEPING ENT • JRL • 08/23/01 JOURNAL POLO RALPH LAUREN CORP-CL A 199.765.29 ADO PNL VS BOOKKEEPING ENT • JRL 08/23/01 JOURNAL QUANTA SERVICES INC 103.490.43 ADJ PNL VS BOOKKEEPING ENT • a ' 08/23/01 JOURNAL ORION POWER HOLDINGS INC 335.101.09 ADJ PNL VS BOOKKEEPING ENT • a ' 08/23/01 JOURNAL OFFICE DEPOT INC 91/38.74 ADJ PNL VS BOOKKEEPING ENT • JRL• 08/23/01 JOURNAL OMNICARE INC 385,057.23 ADO PNL VS BOOKKEEPING ENT • JRL 08123/01 JOURNAL PACIFIC SUNWEAR OF CALIFORNIA 14,423.97 INC ADJ PNL VS BOOKKEEPING ENT • JRL• 08/23/01 JOURNAL OUIKSILVER INC 99,521S6 ADJ PNL VS BOOKKEEPING ENT • JRL ' 08/23/01 JOURNAL REMEC INC 176,746.18 ADJ PNL VS BOOKKEEPING ENT • JRL ' 08/23/01 JOURNAL ROYAL. CARIBBEAN CRUISES LTD 281.994.50 ADJ PNL VS BOOKKEEPING ENT • JRL• Beer. SZeirns SOC.,44.1 CO,P. Cr.* Mevolech Cora m North &Wart New VC* 11201.3889 INSTITUTIONAL INTERESTS STATEMENT PERK* Jul/ 28.2001 THROUGH August 31.2001 ACCCUNT NUMBER TAXPAYER PAINSER LAST STATEMENT JuPt 27. 2001 027 OS01.01:12:11 001 V496 EFTA00198255

CLEARED THRWGH ITS ?mem.? 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New Y New York 10167 50 v? Transaction Detail (continued) MISCELLANEOUS (continued) DATE MCIDAT TRANSACTCN 08/23/01 JOURNAL 64.45.61 JOURNAL OS/M81 JO ANAL DESCRIPTION SOLUTIA INC ADJ PNL VS BOOKKEEPING ENT • JRL • §PEONAteft HtilMeZiNd ADJ PNL VS BOOKKEEPING ENT • JRL • §Eladeatle tLECM6ha MAP ADJ PNL VS BOOKKEEPING ENT • JRL • SOUTHWEST AIRLINES CO ADJ PNL VS BOOKKEEPING ENT • JRL SUN MICROSYSTEMS INC ADJ PNL VS BOOKKEEPING ENT • JRL • SYMBOL TECHNOLOGIES INC ADJ PNL VS BOOKKEEPING ENT • JRL • DEBIT AMOUNT CREW AMOUNT 19,149.59 639.794.M 04.962. 08/23/01 JOURNAL 179.948.10 08/23/01 JOURNAL 8.040.90 08/23/01 JOURNAL 139.642.97 08/23/01 JOURNAL TYCO INTERNATIONAL LID A111 PNL VS BOOKKEEPING ENT • JRL • 578.928.42 08/23/01 JOURNAL TIME WARNER TELECOM INC CLASS A ADJ PNL VS BOOKKEEPING ENT • JRL 203.011.82 08/23/01 JOURNAL TIBCO SOFTWARE INC ADJ PNL VS BOOKKEEPING ENT • JRL 131,686.23 08/23/01 JOURNAL i """ ZUSIXL TAIBOTS INC ADJ PNL VS BOOKKEEPING ENT • JRL rffittraigritirs ADJ PNL VS BOOKKEEPING ENT • JRL • 107441.85 277,883.43 Beer. SZeirns SOC.,44.1 COO. Ore Meesetech Cella NOM BecciCon. Nev. Ye* 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERK* Jul/ 28.2001 THROUGH August 31.2001 ACCOUNT NUMBER TAXPAYER KAMER LAST STATEMENT .1u// 27.2001 02/ 09 01 01:12:11 0: v491.: EFTA00198256

CLEARED THRWGH ITS niCkLY OW•E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New Y New York 10167 51 Transaction Detail (continued) MISCELLANEOUS (continued) DATE MWDAT TRANSACTION DESCRIPTION 08/23/01 JOURNAL TEXAS INSTRUMENTS INC Acki PNL VS BOOKKEEPING ENT • JRL • 64.45.61 J6UANAL YttaitWAtil 661115 ADJ PNL VS BOOKKEEPING ENT • JRL ' 0843/01 J6LANAL alZYtt Acki PNL VS BOOKKEEPING ENT • JRL 08/23/01 JOURNAL DEBIT AMOUNT CREPT AMOUNT 105,167.04 133.56. 54.261.74 TOMMY HILFIGER CORP-ORD A01 PNL VS BOOKKEEPING ENT • JRL UNITEDGLOBALCOM CL A ADJ PNL VS BOOKKEEPING ENT • JRL• 237070.73 08123/01 JOURNAL 371662.01 OW23/01 JOURNAL USA NETWORKS INC ADJ PNL VS BOOKKEEPING ENT • JRL• 44,641.54 08/23/01 JOURNAL UNITED RETAIL GROUP INC A01 PNL VS BOOKKEEPING ENT • a - 150.671.95 08123/01 JOURNAL UNIVERSAL HEALTH SERVICES INC CL ADJ PNL VS BOOKKEEPING ENT • JRL' 250.979.80 08/23/01 JOURNAL VITRIA TECHNClOGY INC COM ADJ PNL VS BOOKKEEPING ENT • JRL 111303.08 08123/01 JOURNAL VITESSE SEMICONDUCTOR CORP ADJ PNL VS BOOKKEEPING ENT • JRL • 77,072.97 Beer. SZeirns S0N•04,1 Cory. Cc* Mevolech Cardm North Beccidon. New VC* 112014669 INSTITUTIONAL INTERESTS STATEMENT PERIOD Jul/ 28.2001 THROUGH August 31.2001 ACCCUNT NUMBER TAXPAYER WEBER LAST STATEMENT Jul/ 27.2001 027 0601.01:12:11 001 V096 EFTA00198257

CLEARED THROUGH ITS niCkLY OW‘.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New Y New York 10167 52 Transaction Detail (continued) MISCELLANEOUS (continued) DATE MOOAT TRANSACTCN DESCRIPTON DEIST AMOUNT CREW AMOUNT 08/23/01 JOURNAL CALL COMCAST-SPL OCT 035- 3,662.87 EXP 10/20(2001 ADI PNL VS BOOKKEEPING ENT • JRL 08/23/01 JOURNAL PUT COMCAST-SPL OCT 035*••• 1,017.00 EXP 10(20/2001 ADJ PNL VS BOOKKEEPING ENT • JRL • 08/27/01 JOURNAL TO CLOSE UNE 2.252.366.61 08/27/01 JOURNAL CASH 2,252,366.61 TO CLOSE UNE TOTAL 8-19,533,616.48 $17,397,736.72 Trades Executed Pending Settlement Beer. SZeirns SOC.,44.1 Cap. Ore Mevolech Cella NOM Reccmon. Nev. Ye* 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD Jul/ 28.2001 THROUGH AuctiSt 31.2001 ACCOUNT NUMBER TAXPAYER AMBER LAST STATEMENT JO/ 27.2001 SETTLEMENT DATE TRADE DATE TRANSACTION XECAPTION SIILMOLCUS. GUMMY PRICE DEER AMOUNT CREDIT AMOUNT 09/04/01 08/29/01 SOLD ADELPHIA BUSINESS SOLUTIONS ABIZ -4200.00 1.7852 7,575.10 INC CL A 09/04/01 08/29/01 BOUGHT AMERICAN EAGLE OUTFITTERS INC AEOS 2.300.00 25.6592 59.031.16 NEW 09/04/01 08/29/01 SOLD CITIZENS COMMUNICATIONS CO CZN -700.00 10.7500 7,467.74 09/04/01 08/29/01 SOLD CITIZENS COMMUNICATIONS CO CZN -7.600.00 10.7500 81,226.27 09/04/01 08/29/01 SOLD TALBOTS INC TLB -377.00 37.3117 14.028.42 09/05/01 08/30/01 BOUGHT AMERICAN EAGLE OUTFITTERS INC AEOS 1.500.00 25.0672 37,615.80 NEW 09,(05,(01 08130/01 SOLD ELECTRIC LIGHTWAVE INC-CL A ELI% -4.000.00 .8122 3.153.69 027 OS01.01:12:11 001 V496 EFTA00198258

CLEARED THROUGH ITS witCu.? ChM.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New Y New York 10167 53 Trades Executed Pending Settlement (continued) Beer. SZeirns SOC.,44.1 CND. Cc* Momloch Cantof North Brock/on. New Year 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERK* Jul/ 28.2001 THROUGH Austria 31.2001 ACCOUNT NUMBER TAXPAYER MAWR LAST STATEMENT Jut/ 27.2001 SETTLEMENT DATE TRADE DATE TRANSACTION CCSCRIPTICil SYMOOLCUSP OUANTITY PRICE DEOIT AMOUNT CREPT ANOINT 09/05/01 08/30/01 SOLD OFFICE DEPOT INC ODP -3,900.00 13.8700 53,803.19 WITH RIGHTS TO PURCHASE PREFRO 09/05/01 08/30/01 SOLD TALBOTS INC TLB -1,423.00 36.8059 52,258.58 09/05/01 08/30/01 SOLD TOMMY HILFIGER CORP-COD TOM -1.000.00 12.4384 12.362.98 TOTAL $96,646.96 $231,875.97 The chow Peon Eo nol (ppm on fry of eaten of Ihn :Women End of Statement 027 OSIM01;12:11 001 9496 EFTA00198259

CLEARED THROUGH ITS inkiC4LY ChMtE0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Path Avenue New York. New York 10167 Beer. Sztrauts SOC:ribtr Corp. OC Metralech Center North Becckhn. Nos volt 11201-1859 INSTITUTIONAL INTERESTS STATEMENT PEnxx, THROUGH ACCOUNT NUMBER June 30.2001 Jul/ 27.2001 What's In This Statement 11111111111111111 I I TAXPAYER NI)113ER LAST STATEMENT June 29.2001 Financial Summary 3 INSTITUTIONAL INTERESTS Your Portfolio Holdings 4 CIO FINANCIAL TRUST COMPANY ATTN JEANNE BRENNAN Transaction Detail 8 Fund Activity 16 Trades Not Yet Settled 18 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURMES THIS PERIOD 14.630,025 Cash 8 Equvalent 83.531.607 $3.197.885 NET CREDIT BALANCE 1.893,447 Equines $14.630.025 —. MONEY MARKET FUND BALANCE 1.638,160 . . . . . . . . . . . . . . . . . . . . . . . 515.546.677 NET EOUITY THIS PERIOD $18,161,632 ME Current market value tiE Last statements matket value NET EOUITY UST STATEMENT 18,744,462 CHANGE SINCE LAST STATEMENT -582,831 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. t 1384 PAYnIN: a MI arras:ad pwpreses soly I Is rat.landnewt:1w~ The statermr4 should be retailed for your records S.. memo Ea for realm ficaucce 027 022601:11:43 001 V4-82 EFTA00198260

CLEARED 1HROUGH nS wilekLY 0"E0 SUBSIDIARY Beer. Szewee Secwititi GOO. Ce4 Mem:WV+ COMO( HMO Beccidon. Hew Year 11201.3859 INSTITUTIONAL INTERESTS 2 el is STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0728,01:11:43 001 V482 EFTA00198261

CLEARED THROOOH ITS niCkLY O"EO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New York New York 10167 3 r/ Beer. Screams S0C,r44,1 COrP O-41km:tech Center North Bei:ciao. New To* 11201.3959 INSTITUTIONAL INTERESTS Cash Flow Analysis THIS PERI00 Income Summary DC PERIOD YEAS TO DATE STATEMENT PERIOD June 30.2001 THROUGH Jul/ 27.2001 ACCOUNT NUMBER TAXPAYER WESER LAST STATEMENT June 29.2001 Opening Balance $1,564.698.41 Dividends 11.086.86 88.912.68 Substitute Payment 0.00 630.00 Securities Sold 2,917,185.59 Credit Balance Int. 4,174.43 38.496.16 Money Fund 4,973.36 Total $15,261.29 $128,038.84 Dividends Interest 10,287.93 Miscellaneous 313,677.09 Shod Dividends 0.00 -144.50 Foreign Tax Withheld 0.00 -361.22 Amount Credited $3,246,123.97 Margin Int. Paid 0.00 -47.91 Securities Bought -2,575.199.43 Money Fund -4.973.36 Funds Withdrawn -23.490.77 Portfolio Composition Miscellaneous -313.712.09 CashiCash Equivalent 3.531,607 Amount Debited 8-2.917.375.65 Equities 14.630,025 Your Portfolio Net Cash Activity 328,748.32 Total $18,161,632 Allocation Closing Balance $1.893,446.73 Cash Balance OPEN NO cumwo Cash 202,535.13 0.00 Margin 1,362,163.28 1.893,446.73 Net Cash Balance $1,564.698.41 $1,893,446.73 Summary 027 072801:1 t43 ODi Cash S Equivalent 20% Untivoect poroo, s coma oa0r Nano" oat, shot male aye, Tho elorahr Pe cemsa is ON•r.e0 ham to etwol.te mark', rat), el >cv Pa IS V4S2 EFTA00198262

CLEARED THROUGH ITS ~Du? 0"ED SUBSIDIARY BEAR STD;RNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New YY New York 10167 4 Beer. SZetrns 00,8 Ceol,leveleen Conte< North Beeciop. New Ye" 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERO) June 30.2001 Your Portfolio Holdings THROUGH ACCOUNT NUMBER Ju9 27.2001 CASH & CASH EQUIVALENTS TAXPAYER MA,BER LAST STATEMENT June 29.2001 MARKET ESTIMATED DESORPTION SYMBOLCUSP OUANTITT PRCE VALUE ANNUAL WOW CASH BALANCE 1.893.447 THE TREASURERS FUND INC GTD/OL 1,638,160.09 1.0000 1.638.160 54.059 DOMESTIC PRIME MrM PORTECUO TOTAL CASH & CASH EQUIVALENTS $3.531,607 $54.059 EQUITIES Equities & Options ØT MARKET ESTIMATE. CURFENT DESCRriON SYSIBPICUSIP TYPE cumin PRCE VN1E ANKIAL INCOME YEI.0119 ALPHARMA INC-CL A ALO MRGN 13,800 28.5000 393.300 2,484 0.6316 ACTV INC IAN MRGN 22.300 2.3800 53.074 ALLEGIANCE TELECOM INC ALGX MRGN 13,400 14.1000 188.940 APPLIED MICRO CIRCUITS CORP AMCC MRGN 1,850 16.5800 30,673 ADELPHLA BUSINESS SOLUTIONS ABIZ MRGN 52,200 4.0200 209.844 INC CL A AT&T CORP LIBERTY MEDIA GROUP LMGA MRGN 37,800 15.7500 595.350 SER A AMERICAN EAGLE OUTFITTERS INC AEOS MRGN 9,950 37.5300 373,424 NEW AGERE SYS INC AGRA MRGN 15.850 5.7000 90,345 CL A AMR CORP-DEL AMR MRGN 7.550 34.8000 262,740 ADELPHLA COMMUNICATIONS CORP ADLAC MRGN 14.354 36.8000 528,227 CL A ALASKA MR GROUP INC AIX MRGN 6,200 30.6400 189,968 027 07/211,01:11:43 001 Va2 EFTA00198263

CLEARED THROUGH ITS vrtiCkLY 1h.E0 SUBSIDIARY BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New Y New York 10167 5 Your Portfolio Holdings (continued) Equities & Options (continued) DESCRIPTION SYMECLO-bcP ACCT TOPE OUAMITY PRCE MARKET VALLE ESTRUM) ANNUAL INCOME CURIeff YELD IM ANALOG DEVICES INC ADI MRGN 3,900 47.0000 183.300 BEVERLY ENTERPRISES INC NEW BEV MRGN 49,800 10.1500 505,470 BRAUN CONSULTING INC BRNC MRGN 11,000 7.5300 82,830 CITIZENS COMMUNICATIONS CO CZN MRGN 36.800 12.7100 467.728 CAPSTONE TURBINE CORP CPST MRGN 6,200 12.0500 74,710 CONVERGYS CORP CVG MRGN 3,200 31.6400 101,248 CARNIVAL CORP-CA. A CCL MRGN 7,450 32.9900 245.776 3.129 1.2731 COMCAST CORP-SPECIAL CL A CMCSK MRGN 4,500 36.9700 166.365 CONTINENTAL AIRLINES INC-CL B CAL MRGN 3,550 49.2600 174,873 COOPER INDUSTRIES INC CBE MRGN 2,250 40.5000 91,125 3,150 3.4568 CUMMINS INC CUM MRGN 2,500 41.0200 102,550 3,000 2.9254 DMC STRATF_X NETWORKS INC STXN MRGN 9,150 9.8600 90,219 EDISON INTERNATIONAL EIX MRGN 14,100 14.1900 200,079 ELECTRIC LIGHTWAVE INC-CL A ELIX MRGN 51,100 1.2100 61.831 ENZON INC ENZN MRGN 1.500 62.2500 93.375 GOODRICH CORPORATION GR MRGN 8.300 35.4000 293.820 9.130 3.1073 (FRM B F GOODRICH CO) ITT INDUSTRIES INC ITT MRGN 2.600 43.8300 113.958 1.560 1.3689 HONEYWELL INTL INC HON MRGN 4.900 37.3700 183,113 3.675 2.0070 I-MANY INC IMNY MRGN 26.000 5.9700 155,220 INTERNET SEC SYS INC ISSX MRGN 4.850 23.1000 112,035 HCA INC HCA MRGN 12.100 44.9500 543,895 968 0.1780 (FRM HCA-HEALTHCARE COMPANY) HARRIS CORP-DEL HRS MRGN 9.350 29.9500 280,033 1,870 0.6678 Beer. SZeirhs SOC,r44,1 Cory. 0 -4Mo:elect+ Carrtm North Beccidon. New Ye* II201.3r3S9 INSTITUTIONAL INTERESTS STATEMENT PERIOD June 30.2001 THROUGH Jul/ 27.2001 ACCOUNT NUMBER TAXPAYER AMMER LAST STATEMENT June 29.2001 027 07,21/0111:43 001 V4S2 EFTA00198264

CLEARED THRCOGH ITS YRACkLY CAM•ED SUBSIDIARY BEAR STD;RNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New YY New York 10167 6 Your Portfolio Holdings (continued) Equities & Options (continued) DESCRIPTION Snieoucus• ACCT 7« OUANTITT PR/CE MARKET VALUE ESTIMATED ANIMAL INCOME CURFEW YELD N HEALTH MANAGEMENT ASSOCIATES HMA MRGN 16,150 18.8900 305.074 INC NEW-a A K MART CORP KM MRGN 19,200 11.2200 215.424 Ul CLAIBORNE INC LIZ MRGN 1,500 52.9700 79,455 675 0.8495 LYONDELL CHEMICAL COMPANY LY0 MRGN 7,000 14.1500 99,050 6,300 6.3604 MCLEODUSA INC-CL A MCLD MRGN 15,950 2.2800 36,366 FORMERLY MCLEOD INC MILLENNIUM CHEMICALS INC MCH MRGN 10,400 14.9600 155,584 6.240 4.0107 METROMEDIA FIBER NETWORK INC MFNX MRGN 18.800 0.5700 10.716 CL A MCKESSON HBOC INC MCK MRGN 2.800 38.9500 109.060 672 0.6162 COM MCDATA CORP MCDTA MRGN 13.350 18.2800 244.038 CL A METHANE( CORP MEOH MRGN 10,200 6.1500 62,730 NOVA CHEMICALS CORP NCX MRGN 8,600 19.8300 170.538 1.459 0.8555 NAVISTAR INTERNATIONAL CORP NMI MRGN 2.000 31.7000 63.400 NEW NORTHWEST AIRLINES CORP NWAC MRGN 4.450 26.1700 116.457 POLO RALPH LAUREN CORP-CL A RL MRGN 3.207 23.7500 76.166 QUANTA SERVICES INC PWR MRGN 3.550 24.5600 87.188 ORION POWER HOLDINGS INC ORN MRGN 12.300 21.2600 261.498 OFFICE DEPOT INC COP MRGN 7,900 12.7500 100.725 OMNICARE INC OCR MRGN 19,000 24.7500 470,250 1,710 0.3636 PACIFIC SUNWEAR OF CALIFORNIA PSUN MRGN 3,500 23.0000 80,500 INC Beer. 54,8,ns SOC,r4.81 Cory. Cr.* Meveleen Conte< North Beecidp. New lee" 11201.2859 INSTITUTIONAL INTERESTS STATEMENT PERIOD June 30.2001 THROUGH JuN 27.2001 ACCOUNT NUMBER TAXPAYER AMMER LAST STATEMENT June 29.2001 027 07,21021:11:43 001 V482 EFTA00198265

CLEARED THROUGH ITS ~GUY OtWED SUBSIDIARY BEAR STD;RNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New YY New York 10167 7 Your Portfolio Holdings (continued) Equities & Options (continued) DESORPTION SYMBet.O.SIP ACCT nPE OUANTITT PRCE MARKET VALLE ESTAMTED ANMJAL INCOME OURFIRVT YELD OUIKSILVER INC ZOK MRGN 16,492 21.1400 348.641 REMEC INC REMC MRGN 18.250 11.7000 213.525 ROYAL CARIBBEAN CRUISES LTD RCL MRGN 13.500 23.2500 313.875 7.020 2.2366 SOLUTIA INC SOI MRGN 6,700 13.5400 90.718 268 0.2954 SPECTRASITE HOLDINGS INC SITE MRGN 36,800 6.0000 220.800 SENSORMATIC ELECTRONICS CORP SRM MRGN 5,950 14.3500 85.383 SOUTHWEST AIRLINES CO LUV MRGN 10,200 19.4500 198,390 184 0.0927 SUNMICROSYSTEMS INC SUNW MRGN 5.200 16.2900 84,708 SYMBOL TECHNOLOGIES INC SBL MRGN 4,450 12.0500 53,623 58 0.1082 TYCO INTERNATIONAL LTD TYC MRGN 11,300 53.5800 605,454 565 0.0933 TIME WARNER TELECOM INC TWTC MRGN 6.000 30.7500 184.500 CLASS A TIBCO SOFTWARE INC TIBX MRGN 14.000 9.8200 137,480 TALBOTS INC 11.8 MRGN 6.700 41.9900 281,333 2.144 0.7621 TENET HEALTHCARE CORP THC MRGN 9.250 54.6000 505.050 TEXAS INSTRUMENTS INC TXN MRGN 4.200 34.8500 146.370 357 0.2439 TRANSWITCH CORP TXCC MRGN 8.100 8.0900 65.529 THOMAS & BETTS CORP TNB MRGN 1.750 21.6400 37,870 UNITEDGLOBALCOM UCOMA MRGN 35.650 6.2800 223,882 CL A USA NETWORKS INC USAI MRGN 5.400 28.0200 151.308 UNITED RETAIL GROUP INC URGI MRGN 16.700 10.3900 173,513 UNIVERSAL HEALTH SERVICES INC UHS MRGN 6.400 48.5500 310,720 CL 8 Beer. SZetrns Oa0 Cr.* Mon:loch Conte< North Brock/pl. New lee" 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD June 30.2001 THROUGH Julj 27.2001 ACCOUNT NUMBER TAXPAYER AMMER LAST STATEMENT June 29.2001 027 0728131:11:43 001 V482 EFTA00198266

CLEARED THRWGH ITS 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New York. New York 10167 8 c/ Your Portfolio Holdings (continued) Equities & Options (continued) DESCRPTION SAMOUCUSIP ACCT TYPE OUANTITY PACE MARKET VALLE EST ume CURRENT ANKIAL INCOME YELD I%4 VIIRIA TECHNOLOGY INC VITR MRGN 28,350 3.9600 112,266 COM VITESSE SEMICONDUCTOR CORP VISS MRGN 5.250 19.3200 101,430 Total Equities& Options $14.630,025 556,618 TOTAL EQUITIES 514.630,025 556,618 YOUR TOTAL ESTIMATED ANNUAL INCOME 5110.677 YOUR PRICED PORTFOLIOHOLDINGS $18.161.631 Transaction Detail INVESTMENT ACTIVITY Beer. SZeirhs SOC,r44,1 COO. Ore Mem:tech Cone m North Beccidon. New VC* 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD June 30.2001 THROUGH Jul/ 27.2001 ACCOUNT NUMBER TAXPAYER AMBER LAST STATEMENT June 29.2001 SETTLEMENT DATE TRADE DATE TRANSACTION DESORPTION STME/OLCUS, ovaany PRCE DEBIT AMOUNT CREPT ATAOUNT 07/02/01 06/27/01 SOLD I-MANY INC IMNY -14,500 16.11890 233,266.25 EXECUTION BY INET COMMISSION 435.00 SEC FEE 7,80 07/02/01 06/27/01 BOUGHT MCDATA CORP MCDTA 1.600 19.38000 31.02100 CL A EXECUTION BY NOT 07/03/01 06/28/01 BOUGHT DMC STRATF_X NETWORKS INC STXN 1.850 7.62000 14.112.00 EXECUTION BY FBCO 027 072601:11:43 031 V482 EFTA00198267

CLEARED THROUGH ITS wilekLY 0%M.E0 SUBSIDIARY BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Path Avenue New York. New York 10167 9 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 07703/01 TRADE DATE TRANSACT/ON 06/28/01 SOLD b7Ararbi 64thegli 160 DESORPTION I-MANY INC EXECUTION BY RHO SEC FEE 1.98 §Y§isit stueoLcusie IMNY CI A EXECUTION BY COWN COMMISSION 476,00 SEC FEE 1.70 MCDATA CORP CI A EXECUTION BY TWPT OUIKSILVER INC EXECUTION BY BUCK COMMISSION 90.00 SEC FEE 1.24 SPECTRASITE HOLDINGS INC EXECUTION BY TWPT A %MARIN -4,000 PRICE 14.80000 Beer. SZeirns S0N, t4,1 Gory. Dec Mon:tech Contm North Beccidon. New Tuft 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PER100 June 30.2001 THROUGH Jul/ 27.2001 ACCOUVT NUMBER TAXPAYER AILAA3ER LAST STATEMENT June 29.2001 DEW AMOUNT MOD AMOUNT 59,183.02 7.50000 07/05/01 06/29/01 BOUGHT MCDTA 1.000 19.90000 19,915.00 07/05/01 06/29/01 SOLD ZOK .1.500 24.68330 36.918.72 07/05:01 06/29/01 BOUGHT SITE 9.000 6.51000 58.605.00 07705101 06/29/01 BOUGHT TIMBERLAND CO-CL A EXECUTION BY BUCK COMMISSION 144,00 CHILDRENS PLACE RETAIL STORES (NC EXECUTION BY FBCO SEC FEE 3,71 AS OF 07702/01 TEK 2.400 39.06950 93.925.80 07/06101 07/02/01 SOLD PLCE .4.150 26.78570 111.141.96 07/06/01 07/02/01 BOUGHT AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY RSSF AEOS 8.900 36.83660 327.860.74 07/06/01 07/02101 SOLD TOMMY HILFIGER CORP-ORD EXECUTION BY BUCK COMMISSION 354,00 SEC FEE 2,79 AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY RSSF TOM .5.900 14.16080 83.176.93 07/09/01 07/03/01 BOUGHT AEOS 2,200 37.61750 82.773.50 027 07 2801.11:44 091 EFTA00198268

CLEARED THROUGH ITS vngkiv OMEO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New York. Now York 10167 10 CI TS Transaction Detail (continued) INVESTMENT ACTIVITY (continued) Beer. SZetrns SON, t4,1 Cap. 0 -41km:tech Cella North Beccidon. New Tuft 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERM June 30.2001 THROUGH Jul/ 27.2001 ACCOUVT NUMBER TAXPAYER MJ1A3ER LAST STATEMENT June 29.2001 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRVTION SY14130LICUSP ovomin. PRICE DEBIT AMOUNT 07/09/01 07/03/01 BOUGHT EDISON INTERNATIONAL EIX 7,900 11.88750 94,400.25 EXECUTION BY BUCK COMMISSION 474,00 bnbkbi 67/6161 Mai. YALE6Y§ INC EXECUTION BY BUCK COMMISSION 96.00 SEC FEE 2.25 CFE01A/hOcter 42.05920 67.1!;1.47 07/10/01 07/05/01 BOUGHT I-MANY INC EXECUTION BY CCAVN ALPHARMA INC-CL A ALO 1.300 24.00000 31.30600 EXECUTION BY COWN COMMISSION 91.00 EDISON INTERNATIONAL EIX 6.200 12.96000 80,801.00 EXECUTION BY COWN COMMISSION 434,00 NAUTICA ENTERPRISES INC NAUT -1,000 19.10250 19.086.86 EXECUTION BY SI3SH SEC FEE .64 COMCAST CORP-SPECIAL CL A CMCSK 4,500 38.19620 171,897.90 EXECUTION BY MONT IMNY 7,300 8.24420 60,197.66 07/11/01 07/06/01 BOUGHT 07/11/01 07/06/01 BOUGHT 07/11811 07/06/01 SOLD 07/12/01 07/09/01 BOUGHT 07/13/01 07/10/01 SOLD AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY RSSF SEC FEE .13 AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY INCA COMMISSION 12.00 SEC FEE .50 AS OF 07110/01 AEOS -100 37.42630 1727.50 07/13/01 07/10/01 SOLD AEOS -400 37.17700 14,843.30 07/16/01 07/11/01 SOLD ABERCROMBIE 8 FITCH CO-CL A ANF .10200 38.83120 395.336.03 EXECUTION BY TUCK COMMISSION 71400 SEC FEE 13,21 027 07,28.01:11:43 031 v182 EFTA00198269

CLEARED THROUGH ns ?mow, CAMEO SUBSIDIARY BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Path Avenue New York. New York 10167 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 07/16/01 TRADE DATE TRANSACTION 07/11)01 SOLD OESCRPTION ENZON INC EXECUTION BY COWN SEC FEE 2.90 AS OF 07111/01 sYmeoLcuse ENZN GUMMY PRICE •1,600 54.21280 Beer. SZeirhs SOC,r44,1 Cat. Ore Metsclech Cella North Beccidon. New VC* 11201.38S9 INSTITUTIONAL INTERESTS STATEMENT PERIOD June 30.2001 THROUGH Jul/ 27.2001 ACCOUVT NUMBER TAXPAYER NLAJOER LAST STATEMENT June 29.2001 DEBIT AMOUNT CREDIT AMOUNT 86,722.58 07/16/01 07/11/01 SOLD INRANGE TECHNOLOGIES CORP CL B EXECUTION BY SBSH SEC FEE 3.41 K MART CORP EXECUTION BY MS00 COMMISSION 238,00 SEC FEE 1.18 MCKESSON HBOC INC COM EXECUTION BY JPHO COMMISSION 238,00 SEC FEE 4.17 MCDATA CORP CL A EXECUTION BY TWPT SEC FEE .54 POLO RALPH LAUREN CORP-CL A SEE NOTE So ON BACK EXECUTION BY BUCK COMMISSION 114,00 OUIKSILVER INC EXECUTION BY BUCK COMMISSION 30.00 BARR LABORATORIES INC EXECUTION BY BUCK COMMISSION 123,00 SEC FEE 4.82 dA! EXECUTION BY TWPT INRG -7.250 14.08580 102,103.64 07/16/01 07/11/01 SOLD KM -3.400 10.40340 35.117.38 07/16/01 07/11/01 SOLD NICK -3.400 36.74580 124.678.55 07/16/01 07/11/01 SOLD MCDTA .1.000 16.00000 15.984.46 07/16/01 07/11/01 BOUGHT RL 1.900 24.58950 46.84605 07/16/01 07/11/01 BOUGHT ZOK 500 21.75000 10.920.00 07/17/01 07/12/01 SOLD 07117/01 7/1 1 %576A41 BRL 2.050 70.45920 144.298.54 1.050 19.13000 20,101. 07/ 0778.0111:44 091 t'482 EFTA00198270

CLEARED 1HRWGH 0"E0 SUBSIDIARY BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New Y New York 10167 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACTM 07/17/01 07/12/01 BOUGHT b7/17 /b1 7/1 01 'ABUGRY OESCRETION CONVERGYS CORP EXECUTION BY PRUS COMMISSION 224.00 SY1A3WCUSIP CVO WITH RIGHTS TO PURCHASE COMMON STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY RSSF COMMISSION 175.00 HONEYWELL INTL INC SEE NOTE 151 ON BACK EXECUTION BY 1WPT COMMISSION 273.00 INTERNET SEC SYS INC EXECUTION BY RSSF AS OF 07/12101 WA PRCE 3.200 27.47150 Beer. SZeirns SOC,r44,1 COO. Metsolech Cella North Beccidon. New VC* 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD June 30.2001 THROUGH Jul/ 27.2001 ACCOUVT NUMBER TAXPAYER IMAISER LAST STATEMENT Julle 29.2001 DEED AMOUNT 88,147.80 CHEM MONO 1. 4 40 103,561. 07/17/01 07/12/01 BOUGHT HON 3.900 35.98810 140,641.59 07/17/01 07/12/01 BOUGHT ISSX 2.400 26.38710 63,344.04 07/17/01 07/12/01 BOUGHT MCDATA CORP CL A EXECUTION BY TWPT MCOTA 450 16.64000 7403.00 07/17/01 07/12/01 BOUGHT SYMBOL TECHNOLOGIES INC EXECUTION BY MLCO COMMISSION 311.50 TIBCO SOFTWARE INC EXECUTION BY COWN SBL 4.450 19.15670 85,573.82 07/17/01 07/12/01 BOUGHT TIBX 1.500 12.26000 18,405.00 07/17/01 07/12/01 BOUGHT UNITEDGLOBALCOM CI A EXECUTION BY S8SH UCOMA 12.900 6.31310 81,453.99 07/18/01 07/13/01 SOLD TIMBERLAND CO-CL A EXECUTION BY BUCK COMMISSION 66.00 SEC FEE 150 AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY RSSF SEC FEE 2.70 TBL -1.100 40.64560 44,627.66 07/19/01 07/16/01 SOLD AEOS -2.000 40.47290 80,928.10 07/ 0778.01:11:43 091 V482 EFTA00198271

CLEARED THROWN ITS wilekLY CAM.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New York. New York 10167 13 ci le Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACTION 07/19;01 07/16/01 SOLD DESORPTION TIMBERLAND CO-CL A EXECUTION BY UBSW VS 2500 06.21-01, 2400 06.29-0 COMMISSION 343,00 SEC FEE 6,60 APPUED MICRO CIRCUITS CORP EXECUTION BY FBCO ANALOG DEVICES INC WITH RIGHTS TO PURCHASE COMMON STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY COWN COMMISSION 147,00 INTERNET SEC SYS INC EXECUTION BY RSSF STIABOUCUSP TBL CAPAHTT -4,900 40.35640 PRICE Beer. SZeirns SON•44,1 Cot.. Ore Mevalech CarrIm North Beccidon. New VC* 11201 3359 INSTITUTIONAL INTERESTS STATEMENT PERIOD June 30.2001 THROUGH 88/ 27.2001 ACCOUNT NUMBER TAXPAYER NUUSER LAST STATEMENT June 29.2001 DEBIT AMOUNT OREM AMOUNT 197,381.76 07/20/01 07/17/01 BOUGHT MCC 1.000 17.59000 17.605.00 07/20/01 07/17/01 BOUGHT ADI 2.100 42 15500 88.687.50 07/20/01 07/17/01 BOUGHT ISSX 1.050 22.72000 23,871.00 07/20/01 07/17/01 BOUGHT NAVISTAR INTERNATIONAL CORP NEW SEE NOTE 5 ON BACK EXECUTION BY JPHO COMMISSION 140,00 TEXAS INSTRUMENTS INC SEE NOTE 5 ON BACK EXECUTION BY GOWN COMMISSION 185,50 TIMBERLAND CO-CL A EXECUTION BY UBSW COMMISSION 322,00 SEC FEE 6,10 UNITEDGLOBALCOM CL A EXECUTION BY SBSH NAV 2.000 32.49970 65,154.40 07/20/01 07/17/01 BOUGHT IXN 2.650 31.73030 84.285.80 07/20/01 07/17/01 SOLD TEIL .4.600 39.72110 182.373.96 07/20/01 07/17/01 BOUGHT UCOMA 2.800 5.22200 14,636.60 07/20/01 07/17/01 BOUGHT VITESSE SEMICONDUCTOR CORP EXECUTION BY MONT VTSS 4.000 17.86500 71,475.00 027 07,2801:11:43 031 V482 EFTA00198272

CLEARED THROWN ITS wilekLY CAM.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New York. New York 10167 14 0 le Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 07/23/01 TRADE DATE TRANSACTION 07/18/01 SOLD DESORPTION ADELPHIA COMMUNICATIONS CORP CL A EXECUTION BY JPHO SEC FEE 4.90 BARR LABORATORIES INC EXECUTION BY BUCK COMMISSION 72.00 SEC FEE 3.19 ANALOG DEVICES INC WITH RIGHTS TO PURCHASE COMMON STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY COWN COMMISSION 128,00 BARR LABORATORIES INC EXECUTION BY BUCK COMMISSION 69.00 SEC FEE 3.09 INTERNET SEC SYS INC EXECUTION BY FBCO SYMBOLCUSIP ADLAC OVANTIT, 3.800 38.62700 PROF Beer. SZeirns SON, t4,1 COO. Ore Mem:tech Contm North Beccidon. New VC* 11201.38S9 INSTITUTIONAL INTERESTS STATEMENT PERIOD June 30.2001 THROUGH Jul/ 27.2001 ACCOUNT NUMBER TAXPAYER AILAA3ER LAST STATEMENT June 29.2001 DEBIT AMOUNT MUT AMOUNT 146,762.70 07/23/01 07/18/01 SOLD BRL 1.200 79.55000 95,369.81 07/24/01 07/19/01 BOUGHT ADI 1,800 42.25450 76,199.10 07/24/01 07/19/01 SOLD BRL .1,150 80.44930 92,429.61 07/24/01 07/19/01 BOUGHT ISSX 1.400 23.54500 32,978.00 07/24/01 07/19/01 BOUGHT MCDATA CORP CL A EXECUTION BY TWPT MCDTA 3.600 17.10670 61,599.12 07/24/01 07/19/01 SOLD NAUTICA ENTERPRISES INC EXECUTION BY MONT SEC FEE 4.45 PACIFIC SUNWEAR OF CALIFORNIA INC EXECUTION BY RSSF NAUT -8,150 16.34440 133,187.41 07/24/01 07/19/01 BOUGHT PSUN 3.500 23.73190 83.076.65 07/24/01 07/19/01 SOLD TALBOTS INC EXECUTION BY UBSW COMMISSION 126.00 SEC FEE 2.64 TEXAS INSTRUMENTS INC SEE NOTE S ON BACK EXECUTION BY COWN COMMISSION 108,50 ILB -1,800 43.93510 78,939.54 07/24/01 07/19/01 BOUGHT IXN 1,550 32.50000 50,498.50 027 072601:11:43 001 0782 EFTA00198273

CLEARED THRWGH ITS niCkLY 0%M.E0 SUBSIDIARY BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New Y New York 10167 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 07/24/01 TRADE DATE TRANSACT/ON 07/19/01 SOLD OESCRIPTION TIMBERLAND CO-CL A EXECUTION BY UBSW COMMISSION 255,50 SEC FEE 4.28 VITESSE SEMICONDUCTOR CORP EXECUTION BY RSSF arra obstit WITH RIGHTS TO PURCHASE PREFRD SIX UNDER CERTAIN CIRCUMSTANCE EXECUTION BY FACT COMMISSION 553(00 SOLUTIA INC EXECUTION BY FBCO COMMISSION 77.00 SEC FEE .53 COOPER INDUSTRIES INC WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY MLCO COMMISSION 35.00 HONEYWELL INTL INC SEE NOTE '5* ON BACK EXECUTION BY DAN COMMISSION 70.00 MCKESSON HBOC INC COM EXECUTION BY JPHO COMMISSION 196(00 SEC FEE 3.48 SYTABWCUSIP TBL WANTITY -3,650 vacs 35.16460 Beer. SZeirhs SOC.,44.1 COO. 0-41km:tech Contec North Beccidon. Nev. TO. 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD June 30.2001 THROUGH Jul/ 27.2001 ACCOUNT NUMBER TAXPAYER K1. ER LAST STATEMENT June 29.2001 DEBIT AMOUNT CRUD AMOUNT 128,076.01 07/24/01 07/19/01 BOUGHT b7r2ski 67AW61 MIJOHY VTSS 615P 1,250 18.46670 7,800 11.54666 23,098.38 bi,r5a.74 07/25/01 07/20/01 SOLD SOI • 1.100 14.18540 15,511.41 07/27/01 07/24/01 BOUGHT CBE 500 39.76400 19,932.00 07/27/01 07/24/01 BOUGHT HON 1.000 36.96000 37.045.00 07/27/01 07/24/01 SOLD MCK -2,800 37.21180 103,978.56 07/27/01 07/24/01 SOLD TALBOTS INC EXECUTION BY TUCK COMMISSION 56.00 SEC FEE 1.15 TLB -800 43.02090 34,344.57 TOTAL $-2,575,199.43 $2,917,185.59 027 072B/01:11:43 001 v4S2 EFTA00198274

CLEARED THRWGH ITS V/liCkLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New York. New York 10167 16 c! Ie Transaction Detail (continued) DEPOSITS AND WITHDRAWALS DATE TRANSACTCN DESCRIMON 07/17/01 CHECK DEBIT AMOUR 23.490.77 CREDIT AMOUM CK #MT338354 FEES FR 7/1/01-9/30/01 BUCKINGHAM CAPITAL TOTAL $23.490.77 MONEY FUND ACTIVITY Beer. SZeirhs SOC,r44,1 COO. Ore Mem:tech Center North Beccmon. New Ye* I I2DI.38S9 INSTITUTIONAL INTERESTS STATEMENT PERIOD June 30.2001 THROUGH Jul/ 27.2001 ACCOUNT NUMBER TAXPAYER WEBER LAST STATEMENT June 29.2001 DATE MODAT TRANSACTION) DESEIIIPTION SYMECCPCUSIP OUAA/TRY PACE can AMOUNT CREDIT AMOUNT 06/30/01 OPENING BALANCE 1,633,186.73 07/23/01 DIVIDEND THE TREASURERS FUND INC GM)0( 4.973.36 DOMESTIC PRIME MAM PORTFOLIO MONTHLY DIVIDEND 07/23/01 REINVEST THE TREASURERS FUND INC GTDXX 4.973.36 4.973.36 DOMESTIC PRIME MAM PORTFOLIO MONTHLY DIVIDEND REINVESTED 07,27'01 CLOSING BALANCE 1.638.160.09 TOTAL $-4.973.36 $4,973.36 DIVIDENDS DATE DESCRPNON symeatusip 07/02/01 GOODRICH CORPORATION OR (PAM 8 F GOODRICH CO) REC 06104/01 PAY 07102/01 WINTRY RATE (S) 11,100 0.2750 DENT AMOUNT CREDIT AMOUNT 3,052.50 07/02/01 ITT INDUSTRIES INC REC 05/25101 PAY 07(01/01 8.200 0.1500 1,230.00 027 07,28.01:11:43 031 ‘14112 EFTA00198275

CLEARED THROUGH ITS ~Ow, OtWC> SUBSIDIARY BOIR STffiRNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New York. New York 10167 17 CI In Transaction Detail (continued) DIVIDENDS (continued) DATE DESCRIPTION SYMBOL/ QUIP 07/02/01 MCKESSON HBOC INC MCK COM REC 06104/01 PAY 07/0201 6Y16.2161 ""' 'ffibi:4Xt a /MY§ bb» Yid 1.756 0.1800 490.00 REC 08115/01 PAY 07/02/01 amain, RATE (SI 12.000 0.0600 DEBIT AMOUNT Beer. SZetrns CO,P Cc* Mevoleeh Center North BeccAUn. New Te" I1201.3859 INSTITUTIONAL INTERESTS STATEMENT PERO) June 30.2001 THROUGH JuU 27.2001 ACCOUNT NUMBER TAXPAYER NIABER Las, STATEMENT June 29.2001 CREDIT AMOUNT 720.00 07/27/01 ALPHARMA INC-CL A ALO 13.800 0.0450 621.00 REC 07113101 PAY 07/27/01 TOTAL $6.113.50 INTEREST DEE DESCRIPTION 07:23101 INT JUL 01 TOTAL syMBCI:CUSIP OURARITY RATE I%) DEBIT AMOUNT GRECO AMCuNT 4.174.43 $4.174.43 MISCELLANEOUS DATE MDOAT TEVAISACTel DESCRIPTION DE24 AMOUNT 07/09/01 JOURNAL 06101 CLR CHG 25 35.00 CRFSIT AMOUNT 07/25/01 JOURNAL TO:TOL, USD 313,677.09 • JRL 07/25/01 JOURNAL FROM: TOL .USD 313,677.09 • JRL • TOTAL $-313.712.09 $313.677.09 027 0721031:11:43 031 viS2 EFTA00198276

CLEARED IHRCOGH ITS ~GUY CAM.ED SUBSIDIARY BEAR STD;RNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New YY New York 10167 18 Trades Executed Pending Settlement Beer. SZetrns SOC,r4.81 Off. CeoLlevaleen Conte< North Becciam. New rak 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD June 30.2001 THROUGH Jul/ 27.2001 ACCOUNT NUMBER TAXPAYER AMMER LAST STATEMENT June 29.2001 SEMEMENT DATE TRADE DATE TRANSACTION DESORPTION SYMBOLCUSP CAHNTITY PRICE DEW AMOUNT CPEpT M/OUNT 07 -11,000.00 6.8280 75,090.49 07/30/01 07/25/01 SOLD ENZON INC ENZN -1,500.00 54.1154 81,155.39 07/30/01 07/25/01 SOLD ITT INDUSTRIES INC ITT -2.600.00 43.4514 112,772.87 07/30/01 07/25/01 SOLD LIZ CLAIBORNE INC LIZ -628.00 53.4021 33,482.72 07/30/01 07/25/01 SOLD MCKESSON HBOC INC MCK -2,800.00 38.5436 107,707.48 COM 07/30/01 07/25/01 SOLD SOLUTIA INC SOI -4,800.00 13.6084 64,967.14 07/30/01 07/25/01 SOLD USA NETWORKS INC USAI -5,400.00 25.3962 137,119.90 07/31/01 07/26/01 BOUGHT I-MANY INC IMNY 6,650.00 6.1550 40,945.75 08/01/01 07/27/01 SOLD LIZ CLAIBORNE INC LIZ -500.00 52.7145 26,306.37 08/01/01 07/27/01 BOUGHT POLO RALPH LAUREN CORP-CL A RL 4,000.00 23.9067 95,921.80 08/01/01 07/27/01 SOLD TALBOTS INC TLB -700.00 41.8782 29.256.76 TOTAL $136,867.55 $667,859.12 lho above wad« en no: xpeat in any Ow sooton of Re umarnone End of Statement 027 07(2881:11:43 001 V482 EFTA00198277

GEARED iHRCOGH W1ICU.Y OLWEO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8. Co. Inc. 245 Park Avenue New York, New York 10167 Beer. SleamS SePurdin CND Coo lievotech Confer Noah etCCidel. lie* reek 1120/3859 INSTITUTIONAL INTERESTS STATEMENT PERGO THROUGH PCCCUNT NUMBER May 26.2001 June 29.2001 What's In This Statement I 1 1 II 11 III I I TAXPAYER NUMBER EAST STATEMENT May 25.2001 Financial Summary 3 INSTITUTIONAL INTERESTS Your Portfolio Holdings 4 CIO FINANCIAL TRUST COMPANY ATTN JEANNE BRENNAN Transaction Detail 8 Fund Activity 20 Trades Not Yet Settled 22 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL YkUE OF SECURITIES THIS PEROD 15.546.577 Cash S Enurelent $3.197.885 $3.071.596 NET CREDIT BALANCE 1.564.698 Egon* 515.546.577 MONEY MARKET FUND BALANCE 1,633.187 $16.798.667 Current market value NET EQUITY This PERIOD $18.744.462 IM Last statements market value NET EOUITY LAST STATEMENT 19,870.263 CHANGE SINCE LAST STATEMENT -1.125,801 There are no 'Stop Lose orders or other pending buy or sell open orders on file for your account. Ate •b a•TaTerYis Sconabooll Moose, NINES not "'eroded as a tat 670emert stetemere shmed be reamed ex your records See room Ss for roman rdormacan 027 DZOID1:02:12 001 V481 EFTA00198278

CLEARED 'THROUGH nS WHOLLY OWNED SUBSIDIARY BOW. SOMAS SO•uclORS GWO Ono Llevotech Confer Hann BreaIgn. Hew Vatic 11201.3859 INSTITUTIONAL INTERESTS 2 of 22 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 OZ01.131:02:12 001 1/4111 EFTA00198279

CLEARED THROOOH ITS vniCkLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New York. New York 10167 Beer. Screams S0N, t4,1 Cap. Ore Mevolech Conte North Brock/on. New Year 11201.3859 INSTITUTIONAL INTERESTS 3 x122 STATEMENT PERIOD May 26,2001 THROUGH June 29.2001 Cash Flow Analysis Income Summary ACCOUNT NUMBER TAXPAYER AMMER THIS PERIOD hIS PERIOD YEAR TO DATE LAST STATEMENT May 25.2001 Opening Balance $1,444,600.22 Dividends 13.286.02 77,825.82 Substitute Payment 0.00 630.00 Securities Sold 3,796,687.98 Credit Balance Int. 4.779.71 34,32133 Money Fund 1,006,190.49 Total $18.065.73 $112.777.55 Dividends/Interest 11,875.24 Shod Dividends 0.00 -144.50 Amount Credited 84,814,753.71 Foreign Tax Withheld -156.00 -361.22 Securities Bought -3.239.165.03 Margin Int. Paid 0.00 -47.91 Money Fund -1.006.190.49 Funds Withdrawn -448.939.00 Miscellaneous -361.00 Portfolio Composition Amount Debited 8.4.694.655.52 Cash/Cash Equivalent 3.197,885 Equities 15.546,577 Net Cash Activity 120.098.19 Your Portfolio Total $18,744,462 Allocation Closing Balance $1.564.698.41 Cash Balance Summary OPENNO CLOSINO Cash 88.716.86 202,535.13 Margo 1,355,883.36 1,362,163.28 Net Cash Balance 81,444,600.22 $1.564.698.41 027 074110102:12 001 Cash & Ecshvalent 18% Equities 82% UnWooed croons canoe oa0r beano, *floe 004 male aye, Re olocahr ;even:sr m pe•ued Irvin Va otwol.te market rat), or >es POrtkalk V481 EFTA00198280

CLEARED IHRCUGH ITS Vn10UY OYMÆ0 SUBSIDIARY BEAR STD;RNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New YY New York 10167 4 Beer. Stetrns Off. Cr.* Mon:loch Conte< North Beccidp. New Ve" 11201.2819 INSTITUTIONAL INTERESTS STATEMENT PERIOD May 26,2001 THROUGH June 29.2001 Your Portfolio Holdings CASH & CASH EQUIVALENTS ACCOUNT NUMBER TAXPAYER WEBER LAST STATEMENT May 25.2001 MARKET ESTIMATED DESORPTION SYMEICILOUSP OUANTITT PACE VALUE ANNUAL NCOME CASH BALANCE 1.564.698 THE TREASURERS FUND INC GTD)CE 1,633,186.73 1.0000 1.633.187 55,528 DOMESTIC PRIME MAIM PORTFOLIO TOTAL CASH & CASH EQUIVALENTS $3.197,885 $55,528 EQUITIES Equities & Options ACCT MARKET ESTEMIED OURFENT DESORPTION SEMBOMSIP TYPE cumin PRCE VALIE ANKIAL INCOME YIELD AN ABERCROMBIE & FITCH CO-CL A ANF MRGN 10,200 44.5000 453,900 ALPHARMA INC-CL A ALO MRGN 12,500 27.2500 340,625 2.250 0.6606 ACTY INC IAN MRGN 22,300 3.3300 74.259 ALLEGIANCE TELECOM INC ALGX MRGN 13.400 14.9900 200.866 APPLIED MICRO CIRCUITS CORP AMCC MRGN 850 17.2000 14.620 ADELPHLA BUSINESS SClUTIONS ABIZ MRGN 52.200 4.1000 214,020 INC CL A AT&T CORP LIBERTY MEDIA GROUP LMGA MRGN 37.800 17.4900 661.122 SER A AMERICAN EAGLE OUTFITTERS INC AEOS MRGN 1,350 35.2400 47.574 NEW AGERE SYS INC AGRA MRGN 22.650 7.5000 169.875 CL A AMR CORP-DEL AMR MRGN 7.550 36.1300 272.782 ADELPHLA COMMUNICATIONS CORP ADLAC MRGN 18.154 41.0000 744,314 CL A 027 074141:02:12 001 VAST EFTA00198281

CLEARED IHRCOGH ITS ~GUY 0"ED SUBSIDIARY BEAR STD;RNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New YY New York 10167 Your Portfolio Holdings (continued) Equities & Options (continued) DESCRPTION Sniect CLbtP ACCT 119E DUNNATT PRCE MARKET VALUE ESTAMTED ANNUAL INCOME CUM'« YELD IM ALASKA MR GROUP INC AIX MRGN 6,200 28.9000 179,180 BEVERLY ENTERPRISES INC NEW BEV MRGN 49,800 10.7000 532,860 BRAUN CONSULTING INC BRNC MRGN 11,000 8.0500 88.550 BARR LABORATORIES INC BRL MRGN 4.400 70.4100 309.804 CHILDRENS PLACE RETAIL STORES PLCE CASH 4.150 26.8000 111.220 INC CITIZENS COMMUNICATIONS CO CZN MRGN 36.800 12.0300 442.704 CAPSTONE TURBINE CORP CPST MRGN 5.150 22.4900 115.824 CARNIVAL CORP-CL A CCL MRGN 7.450 30.7000 228.715 3.129 1.3681 CONTINENTAL AIRUNES INC-CL B CAL MRGN 3.550 49.2500 174.838 COOPER INDUSTRIES INC CBE MRGN 1.750 39.5900 69.283 2.450 3.5362 DMC STRATEX NETWORKS INC STXN MRGN 7.300 10.0000 73.000 ELECTRIC LIGHTWAVE INC-CL A ELIX MRGN 51.100 1.3100 66.941 ENZON INC ENZN MRGN 3.100 62.5000 193.750 GOODRICH CORPORATION GR MRGN 8.300 37.9800 315.234 9.130 2.8963 (FRM B F GOODRICH CO) ITT INDUSTRIES INC ITT MRGN 2,600 44.2500 115.050 1.560 1.3559 I-MANY INC IMNY MRGN 37.200 13.5000 502.200 INRANGE TECHNOLOGIES CORP INRG MRGN 7,250 15.3500 111.288 CL B HCA-HEALTHCARE CO HCA MRGN 12,100 45.1900 546.799 968 0.1770 HARRIS CORP-DEL HRS MRGN 9,350 27.2100 254.414 1.870 0.7350 HEALTH MANAGEMENT ASSOCIATES HNtA MRGN 16.150 21.0400 339.796 INC NEW-CL A K MART CORP KM MRGN 22.600 11.4700 259.222 Beer. SZPA•ns SOC,,44,1 Off. Ore Meveleen Cent« North Beak/pl. New lee" 11201.2819 INSTITUTIONAL INTERESTS STATEMENT PERIOD May 26.2001 THROUGH June 29.2001 ACCOUNT NUMBER TAXPAYER MA,BER LAST STATEMENT May 25.2001 027 07.014142:12 001 V4.91 EFTA00198282

CLEARED IHRCOGH ITS ~MY OYMÆO SUBSIDIARY BEAR STD;RNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New YY New York 10167 6 Beer. 94,9,ns SOC,,44,1 Off. CeoLleveleen Conte< North Beeciam. New Yak 11201.9819 INSTITUTIONAL INTERESTS STATEMENT PERIOD May 26.2001 THROUGH June 29.2001 Your Portfolio Holdings (continued) Equities & Options (continued) ACCT DESCAPTION Swam:caw TYPE ouwrity PACE MANCET VALLE ESTOKIED ANNUAL INCOME ACCOUNT NUMBER TAXPAYER AMMER LAST STATEMENT May 25.2001 CURFENT YEID N LIZ CLAIBORNE INC LIZ MRGN 1,500 50.4500 75,675 675 0.8920 LYONDELL CHEMICAL COMPANY LYO MRGN 7,000 15.3800 107,660 6.300 5.8518 MCLEODUSA INC-CL A MCLD MRGN 15,950 4.5900 73,211 FORMERLY MCLEOD INC MILLENNIUM CHEMICALS INC MCH MRGN 10,400 15.0500 156,520 6,240 3.9867 METROMEDIA FIBER NETWORK INC MFNX MRGN 18,800 2.0400 38,352 CL A MCKESSON HBOC INC MCA< MRGN 9,000 37.1200 334.080 2.160 0.6466 COM MCDATA CORP MCDTA MRGN 7.700 17.5500 135.135 CL A METHANEX CORP MEOH MRGN 10.200 5.2500 53.550 NOVA CHEMICALS CORP NCX MRGN 8,600 20.6900 177.934 1.478 0.8306 NAUTICA ENTERPRISES INC NAUT MRGN 9,150 20.4300 186,935 NORTHWEST AIRLINES CORP NWAC MRGN 4,450 25.2500 112,363 POLO RALPH LAUREN CORP-CL A RL MRGN 1,307 25.8000 33,721 QUANTA SERVICES INC PWR MRGN 3,550 22.0400 78.242 ORION POWER HOLDINGS INC ORN MRGN 12,300 23.8100 292.863 OMNICARE INC OCR MRGN 19.000 20.2000 383.800 1.710 0.4455 OUIKSILVER INC ZOK MRGN 17.492 25.0000 437.300 REMEC INC REMC MRGN 18,250 12.4000 226.300 ROYAL CARIBBEAN CRUISES LID RCL MRGN 13,500 22.1100 298,485 7,020 2.3519 SOLUTIA INC SOI MRGN 7,800 12.7500 99,450 312 0.3137 SPECTRASITE HOLDINGS INC SITE MRGN 27,800 7.2400 201,272 SENSORMATIC ELECTRONICS CORP SRM MRGN 5.950 17.0000 101,150 027 07.0141:02:12 001 V4.91 EFTA00198283

CLEARED IHRCAIGH ITS ~My OHBED SUBSIDIARY BEAR STD;RNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New YY New York 10167 7 Beer. Stearns Sec 'ilel Ø. Cr.* Metsolech Conte< North Brock/pl. New Yak 11201.3819 INSTITUTIONAL INTERESTS STATEMENT PERIOD May 26,2001 THROUGH June 29.2001 Your Portfolio Holdings (continued) Equities & Options (continued) ACCT DESORPTION SYMEICB0.8P OLIUNITY PACE MARKET VALUE ESTIMATED ANNUAL iNCOME ACCOUNT NUMBER TAXPAYER AMMER LAST STATEMENT May 25.2001 CURFENT YBD 04 SOUTHWEST AIRLINES CO LUV MRGN 10,200 18.4900 188.598 184 0.0976 SUNMICROSYSTEMS INC SUNW MRGN 5,200 15.7200 81.744 TYCO INTERNATIONAL LTD TYC MRGN 11.300 54.5000 615.850 565 0.0917 TIME WARNER TELECOM INC TWTC MRGN 6.000 33.5200 201,120 CLASS A TIBCO SOFTWARE INC TIBX MRGN 12.500 12.7700 159,625 TALBOTS INC TIB MRGN 10.900 43.7500 476,875 3.488 0.7314 TENET HEALTHCARE CORP THC MRGN 9.250 51.5900 477.208 TRANSWITCH CORP TXCC MRGN 8.100 10.7500 87.075 THOMAS & BETTS CORP TNB MRGN 1.750 22.0700 38.623 1.960 5.0747 TIMBERLAND CO-CL A TBL MRGN 11.850 39.5100 468.194 TOMMY HILFIGER CORP-ORD TOM MRGN 5,900 14.0000 82.600 UNITEDGLOBALCOM UCOMA MRGN 19.950 8.6500 172.568 CL A USA NETWORKS INC USAI MRGN 5,400 28.1900 152.226 UNITED RETAIL GROUP INC URGI MRGN 16.700 7.6000 126.920 UNIVERSAL HEALTH SERVICES INC UHS MRGN 6,400 45.5000 291.200 CLB VITRLA TECHNOLOGY INC VITR MRGN 28.350 3.4400 97.524 COM Total Equities& Options $15,546,577 $53.449 TOTAL EQUITIES $15,546,577 $53.449 027 020I101:02:12 001 V481 EFTA00198284

CLEARED THROUGH NS ?next', OM E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New York. Now York 10167 8 122 Your Portfolio Holdings (continued) YOUR TOTAL ESTIMATED ANNUAL INCOME $108,977 YOUR PRICEDPORTFOLIOHOLDINGS 518.744.462 Transaction Detail INVESTMENT ACTIVITY Beer. Stein)/ SON, t4,1 Cap. OtoMetsolech Car:tog North Beccidon. New Yak T1201.3819 INSTITUTIONAL INTERESTS STATEMENT PERIOD May 26,2001 THROUGH June 29.2001 ACCOUNT NUMBER TAXPAYER NINSER LAST STATEMENT May 25.2001 SETTLEMENT TRADE DATE DATE TRANSACTION DESCTG, TKIN STME/OLCUS/P D;+MIT• PRICE DEBIT AMOUNT CREDIT ATADVNT 05/29/01 05/23/01 BOUGHT BARR LABORATORIES INC BRL 3.700 62.00000 229,415.00 EXECUTION BY MONT AS OF 05/23101 05/29/01 05/23/01 SOLD 05/29/01 OS.23:01 ebUaHY KOHIS CORP EXECUTION BY DAN COMMISSION 28.00 SEC FEE .88 grarems EXECUTION BY NOE KSS .400 65.35500 26.098.12 ME OH 3.100 7.86750 24.404.25 05/29/01 05/23/01 SOLD PACIFIC SUNWEAR OF CALIFORNIA PSUN -3,250 23 16890 75.281.42 INC EXECUTION BY RSSF SEC FEE 2.51 OUIKSILVER INC ZOK -1.000 28.30600 28.220.05 EXECUTION BY DRAB COMMISSION 70.00 SEC FEE .95 05/29/01 05/23/01 SOLD 027 074110102:12 001 V4S1 EFTA00198285

CLEARED THRWGH ITS 0%M.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Path Avenue New York. New York 10167 9 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACTION 05/29/01 05/23/01 SOLD DESORPTION SPX CORP EXECUTION BY MOW COMMISSION 98.00 SEC FEE 5,54 UNITEDGWBALCOM CL A EXECUTION BY NILE srueoLcusie SPW OJANillY -1,400 PRO( 118.62810 Beer. SZeirns S0N, t4,1 OPP Ore Mem:tech Contm North Beccidon. New VC* 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD May 26.2001 THROUGH June 29.2001 ACCOUNT NUMBER TAXPAYER MASER LAST STATEMENT May 25.2001 DEW AMOUNT C;E:ir AMCM,T 165.960.80 05/29/01 05/23/01 BOUGHT UCOMA 2.900 15.06000 43.689.00 05.10/01 05/24/01 BOUGHT AMERICAN EAGLE OUTFITTERS INC riEW EXECUTION BY RSSF AEOS 2,500 36.90750 92.28175 05.10/01 05/24/01 SOLD CAPSTONE TURBINE CORP EXECUTION BY FBCO SEC FEE 3,00 INRANGE TECHNOLOGIES CORP CL B EXECUTION BY SBSH SEC FEE 1.19 KOHLS CORP EXECUTION BY TUCK COMMISSION 112.00 SEC FEE 3,48 OUIKSILVER INC EXECUTION BY BUCK COMMISSION 72,00 SEC FEE 1,09 SPX CORP EXECUTION BY MDLD COMMISSION 63,00 SEC FEE 3,55 TALBOTS INC EXECUTION BY TUCK COMMISSION 105,00 TIMBERLAND CO-CL A EXECUTION BY BUCK COMMISSION 24,00 SEC FEE ,65 CPST -2,650 33.87570 89.752.61 05/30/01 05/24/01 SOLD INRG -1.800 19.76800 35,566.21 05/30/01 05/24/01 SOLD KSS -1.600 65.20000 104.189.52 05/30/01 05/24/01 SOLD 20K .1100 27.17090 32,516.99 05/30/01 05/24/01 SOLD SPY/ -900 118.09580 106.204.67 05/30/01 05/24/01 BOUGHT 1L8 1.500 37.50350 56,375.25 05/30/01 05/24/01 SOLD 1BL .400 48.74490 19.458.31 027 07.01,01:02:12 001 V481 EFTA00198286

CLEARED THROWN ITS 0%M.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New York. New York 10167 10 c122 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 05/30/01 TRADE DATE 05/24101 TRANSACTION SOLD DESCRPTKIN XO COMMUNICATIONS INC CL A EXECUTION BY FBCO SEC FEE 164 CAPSTONE TURBINE CORP EXECUTION BY FBCO SEC FEE 1.62 KENNETH CCU PRODUCTIONS INC CL A EXECUTION BY BUCK COMMISSION 114,00 SEC FEE 2.07 INRANGE TECHNOLOGIES CORP CL B EXECUTION BY JPHO SEC FEE 1.42 NAUTICA ENTERPRISES INC EXECUTION BY RSSF SEC FEE .86 TALBOTS INC EXECUTION BY BUCK COMMISSas/ 111,00 TIMBERLAND CO-CL A EXECUTION BY BUCK COMMISSION 12.00 SEC FEE .33 FEDERATED DEPARTMENT STORES INC-DEL EXECUTION BY BMUR COMMISSION 315,00 SEC FEE 6.72 INRANGE TECHNOLOGIES CORP CL B EXECUTION BY JPHO SEC FEE 1.96 SYMBOUCUSP X0X0 CUANIIIY 46,000 PRCE 3.62440 Beer. Saea•ns SON, t4,1 Dory. Dec Mon:tech Contm North Beccidon. New VC* 11201.3819 INSTITUTIONAL INTERESTS STATEMENT PERIOD May 26.2001 THROUGH June 29.2001 ACCCUNT rammer, TAXPAYER KAMER LAST STATEMENT May 25.2001 DEBIT AMOUNT MCC AMOUNT 57,973.46 05/31/01 05125101 SOLD CPST -1,350 35.81250 48.330.26 05/31/01 05125101 SOLD KCP -1.900 32.53120 61.678.21 05131/01 05/25/01 SOLD INRG -2.100 20.17000 42,340.58 05/31/01 05/25101 SOLD NAUT -1,300 19.63200 25.505.74 05/31/01 05/25101 BOUGHT 1LB 1.850 36.98170 68,542.15 05/31/01 05/25101 SOLD 1BL -200 48.29440 9.631.55 06101/01 05/29/01 SOLD ED -4.500 44.76300 201.096.78 06,01/01 05/29/01 SOLO INRG 3.100 18.92000 58.635.04 027 D7.01,01:02:12 001 V481 EFTA00198287

CLEARED THRWGH ITS 0%M.E0 SUBSIDIARY BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New Y New York 10167 11 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACDON DESORPTION 06/01/01 05/29/01 BOUGHT LIZ CLAIBORNE INC EXECUTION BY BUCK COMMISSION 90.00 bedbithi 65/29/61 SOILS SYMBOL:CUSP LIZ OOIIWYSILVEk tf,le YiSit EXECUTION BY BMUR COMMISSION 56.00 SEC FEE .72 TIMBERLAND CO-CL A EXECUTION BY BUCK COMMISSION 48.00 SEC FEE 1.27 CHILDRENS PLACE RETAIL STORES PC EXECUTION BY JPHO SEC FEE 1.51 KENNETH CCU PRODUCTIONS INC KCP -1.300 33.21780 43,075.70 CI A EXECUTION BY UBSW COMMISSION 91.00 SEC FEE 1.44 SPX CORP EXECUTION BY MOW COMMISSION 35.00 SEC FEE 1,93 TIMBERLAND CO-CLA TBL -1.100 46.96550 51.568.32 EXECUTION BY UBSW COMMISSION 77.00 SEC FEE 1.73 ABERCROMBIE 8 FITCH CO-CLA ANF 1.400 41.37300 58.021.20 EXECUTION BY BUCK COMMISSION 84.00 CITIZENS COMMUNICATIONS CO EXECUTION BY BUCK COMMISSION 456.00 CVANTITY 1.500 51.88040 77,925.60 Beer. SZeirhs SOC,r44,1 COO. 0-41km:tech Cella North Beccidon. New VC* 11201.3819 INSTITUTIONAL INTERESTS STATEMENT PERIOD May 26.2001 THROUGH June 29.2001 ACCCUNT NUMBER TAXPAYER K1. ER LAST STATEMENT May 25.2001 voice DEED AMOUNT CHEM MONO 4100 2700000 21.5 8.28 06/01/01 05/29/01 SOLD TBL -800 47.44180 37,889.17 06/04/01 05/30/01 SOLD PLCE .1.500 30.05000 45,058.49 06/04/01 05/30/01 SOLD 06/04/01 05/30/01 SOLD SPY/ -500 115.27350 57.584.82 06/04/01 05/30/01 SOLD 06/05/01 05/31/01 BOUGHT 06105/01 05131/01 BOUGHT CZN 7.600 14.84260 113.274/6 027 0701,0142:12 001 V491 EFTA00198288

CLEARED THRWGH ITS 0%M .E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New York. New York 10167 12 c! 22 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) Beer. SZeirns SON, t4,1 COO. Cc* Mon:tech Cantm North Beccidon. New VC* 11201.3819 INSTITUTIONAL INTERESTS STATEMENT PERIOD May 26, 2001 THROUGH June 29.2001 ACCCUNT NUMBER TAXPAYER K1. ER LAST STATEMENT May 25.2001 SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION SYMBOUOUSP MANTON* PROE DEBIT AMOUNT CHEM MOM 06/05/01 05/31/01 BOUGHT OMNICARE INC OCR 5,200 20.99840 109,570.68 EXECUTION BY GSCO COMMISSION 364,00 bekski estivei OWOHY YALE6Y§ I O Yte EXECUTION BY BUCK COMMISSION 30.00 cattle 6i 64/61/61 tott5 INIAANdt YEthildlidin dal> iNAO CL EXECUTION BY SLKC SEC FEE ,37 ORION POWER HOLDINGS INC ORN 1.800 27.81280 50,114.04 EXECUTION BY INET COMMISSION 36.00 ORION POWER HOLDINGS INC ORN 3.800 27.35000 103,945.00 EXECUTION BY FBCO AS OF 05131/01 500 35.43666 1$,616. .600 18.66000 I °AMA.* 06/06/01 06/01/01 BOUGHT 06106/01 05/31/01 BOUGHT 06/06/01 06/01/01 SOLD OUIKSILVER INC EXECUTION BY RHCO COMMISSION 42.00 SEC FEE .50 SPX CORP EXECUTION BY MOW COMMISSION 87.50 SEC FEE 5,02 CHILDRENS PLACE RETAIL STORES INC EXECUTION BY JPHO SEC FEE ,97 SEC FEE ,97 AS OF 06/0401 ZOK •600 24.72250 14.776.00 06106/01 06101/01 SOLD SPW .1.250 120.35000 150,329.98 06/07/01 06/04/01 SOLD bm5m51 &Wu MIL K MAR &A PLCE 1.000 29.08950 29,073.53 KM .1,800 10.95000 19.583. 06/07/01 06/04/01 SOLD METROMEDIA FIBER NETWORK INC CL A EXECUTION BY SBSH SEC FEE ,69 NON% 5.300 3.89500 20.627.81 027 D7.01,01:02:12 001 V481 EFTA00198289

CLEARED THROWN nS CAMEO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New York. New York 10167 13 c122 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) Beer. SZeirns SON, t4,1 COO. CeoLlevalech Cantm North Beccidon. New VC* 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD May 26,2001 THROUGH June 29.2001 ACCCUNT NUMBER TAXPAYER NLAA3ER LAST STATEMENT May 25.2001 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION STMEIOLCUS* OVANIlly PRCE DEBIT AMOUNT CREPT MAJUNI' 06/07/01 06/04101 SOLD NAUTICA ENTERPRISES INC NAUT -1,000 21.17310 21,157.39 EXECUTION BY MOM SEC FEE .71 bathyal 6444/61 OWOHY uNIVKIEAL figkil-f §Ett S INt UF1S 3.2710 CL B STK SPLIT ON 3200 SHS REC 05(16101 PAY 06/01701 06/08/01 06/05/01 SOLD CHILDRENS PLACE RETAIL STORES INC EXECUTION BY JPHO SEC FEE .80 AMERICAN EAGLE OUTFITTERS INC AEOS 4,100 3738840 154.789.27 NEW EXECUTION BY INET COMMISSION 123.00 SEC FEE 5.17 BARR LABORATORIES INC EXECUTION BY MDLD COMMISSION 178.50 SEC FEE 6.42 CONTINENTAL AIRUNES INC-CL B CAL 1.650 47.84980 79,066.17 EXECUTION BY BUCK COMMISSION 99.00 INRANGE TECHNOLOGIES CORP INRG -2,650 20.25560 53.581.05 CL B EXECUTION BY INET COMMISSION 79.50 SEC FEE 1.79 NORTHWEST AIRLINES CORP NWAC 1.450 26.14960 37.975.42 EXECUTION BY INET COMMISSION 43.50 TIME WARNER TELECOM INC CLASS A EXECUTION BY FBCO PLCE -800 29.62840 23.686.92 06/08/01 06/05/01 SOLD 06/08/01 06/05/01 SOLD BPI -2,550 75.44780 192.191.97 06/08/01 06/05/01 BOUGHT 06/0&,01 06/05/01 SOLD 06/08/01 06/05/01 BOUGHT 06,0&,01 06/05/01 BOUGHT WIC 900 37.29830 33.583.47 027 07.01,01:02:12 001 N1,181 EFTA00198290

CLEARED THRWGH ITS 0%M.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New York. New York 10167 14 022 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACT/ON 06/08/01 06/05/01 BOUGHT 61 DESORPTION TALBOTS INC EXECUTION BY CANT COMMISSION toss* IlittingrinsEkrtittAiL"§Y6kE Inc EXECUTION BY JPHO SEC FEE 1.28 AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY WEDS SEC FEE 4.33 CAPSTONE TURBINE CORP EXECUTION BY REDI COMMISSION 26.00 INRANGE TECHNOLOGIES CORP CL B EXECUTION BY SI3SH SEC FEE 1.80 OUIKSILVER INC EXECUTION BY ABNA COMMISSION 91.00 SUNMICROSYSTEMS INC WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY GSCO sYmeacusa, TLB PUCE GUMMY 1.500 PRICE 36.11900 -1.dete 29.46970 Beer. SZeirns SON, t4,1 Cap. Cc* Mon:tech Cella North Beccidon. New VC* 11201.3019 INSTITUTIONAL INTERESTS STATEMENT PERIOD May 26.2001 THROUGH June 29.2001 ACCCUNT NUMBER TAXPAYER K1. ER LAST STATEMENT May 25.2001 DEBIT AMOUNT 54,298.50 GPM, A/hOcter 38.294.33 06/11/01 06/06101 SOLD AEOS -3,400 38.15360 129,702.91 06/11/01 06/06/01 BOUGHT CPST 1.300 29.32320 38,161.16 06/11/01 06/06/01 SOLD INRG -2,500 21.50440 53,744.20 06/11/01 06/06/01 BOUGHT ZOK 1.300 21.90860 28.587.18 06/11/01 06/06/01 BOUGHT SUNVV 5.200 18.22000 94,759.00 06/11/01 06/06/01 BOUGHT TALBOTS INC EXECUTION BY JRCO COMMISSION 140,00 TIMBERLAND CO-CL A EXECUTION BY BUCK COMMISSION 42.00 SEC FEE 1,00 CHILDRENS PLACE RETAIL STORES INC EXECUTION BY JPHO TLB 2.000 35.84040 71,835.80 06/11/01 06/06/01 SOLD 1BL -700 42.75240 29,868.68 06/12/01 06/07/01 BOUGHT PLCE 800 27.85000 22,295.00 027 D7.01,01:02:12 001 V481 EFTA00198291

CLEARED THROUGH ITS YiHOU.Y 01WED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New Y New York 10167 15 vi 2≥ Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 06112/01 TRADE DATE TRANSACTION 06107/01 BOUGHT 06112/01 06/07/01 S6L6 DESORPTION COOPER INDUSTRIES INC WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY MIDR COMMISSION 122,50 tRE666N Ot IN STMBOICUSP CBE COM EXECUTION BY COWN COMMISSION 210,00 SEC FEE 3.45 MCDATA CORP CL A EXECUTION BY TWPT oK CUANTNY 1.750 PRCE 39.50300 filer. BMWS S009-11181 GYP. Ox Mettotech Corder HORN etCCidel. lie* Tett 1120/3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD May 26.2001 THROUGH June 29.2001 ACCOLNT NUMBER TAXPAYER NUMBER LAST STATEMENT May 25.2001 DEBIT AMOUNT CFEDI A/hOcter 69.267.75 -3.000 34.40030 102.972.45 06112/01 06/07101 BOUGHT MCDTA 2.800 30.67880 85.915.64 06112/01 06107/01 SOLD METHANE& CORP EXECUTION BY SBSH SEC FEE .64 OUANTA SERVICES INC EXECUTION BY HOWA COMMISSION 122,50 ORION POWER HOLDINGS INC EXECUTION BY MSCO COMMISSION 210,00 SEC FEE 2.62 OUIKSILVER INC EXECUTION BY ABNA COMMISSION 182,00 THOMAS & BETTS CORP WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY MIDR COMMISSION 122,50 ITT INDUSTRIES INC SEE NOTE'S' ON BACK EXECUTION BY HOWA COMMISSION 126,00 SEC FEE 2.80 MEOH -2.700 7.08330 19.109.27 06112101 06107/01 BOUGHT PWR 1.750 35.74110 62.684.43 06112101 06107/01 SOLD ORN -3.000 26.10230 78.079.28 06112/01 06107/01 BOUGHT ZOK 2.600 24.01250 62.629.50 06,12/01 06107/01 BOUGHT 1.750 22.06530 38.751.78 06113/01 06/08/01 SOLD ITT -1.800 46.51630 83.585.54 027 010101;02:12 001 2481 EFTA00198292

CLEARED THRCOGH DS vniCkLY CAM•E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New York. Now York 10167 16 ci zz Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACTION 06/13/01 06/08/01 SOLD DESORPTION INRANGE TECHNOLOGIES CORP CL B EXECUTION BY SBSH SEC FEE .99 MCDATA CORP CL A EXECUTION BY1WPT STIABOLGUSP INRG CUMITRY -1,500 PRICE 19.65000 Beer. SZeirns SON, t4,1 Cot.. Ore Metsolech Carder North Beccidon. New VC* 11201.3819 INSTITUTIONAL INTERESTS STATEMENT PERIOD May 26.2001 THROUGH June 29.2001 ACCCUNT NUMBER TAXPAYER K1. ER LAST STATEMENT May 25.2001 DEBIT AMOUNT OREM AMOUNT 29,459.01 06/13/01 06/08/01 BOUGHT MCDTA 600 29.23500 17.556.00 06/13/01 06/08/01 SOLD METHANEX CORP EXECUTION BY SBSH SEC FEE .92 METHANEX CORP EXECUTION BY SBSH SEC FEE .61 ITT INDUSTRIES INC SEE NOTE S ON BACX EXECUTION BY DRKW COMMISSION 266,00 SEC FEE 5.73 OMNICARE INC EXECUTION BY MOW COMMISSION 329,00 TIMBERLAND CO-CL A EXECUTION BY BUCK COMMISSION 30.00 CALL ROYAL CARIBB JUN020"'• EXP 06116/2001 EXP 06/16/2001 MEOH -3.900 7.04200 27.447.88 06/14101 06/11/01 SOLD MEOH -2.600 7.00430 18.195.57 06/15/01 06/12/01 SOLD ITT 3.800 45.18620 171 A20.83 06/15/01 06/12/01 BOUGHT OCR 4.700 19.38110 91.435.17 06/15/01 06/12/01 BOUGHT TEIL 500 40.78300 20,436.50 06/18/01 EXPIRED V7780T9F2 -100 06/19/01 06/13/01 BOUGHT CITIZENS COMMUNICATIONS CO EXECUTION BY JPHO AS OF 06/1301 CZN 21.300 12.10000 257.745.00 06/19/01 06/14/01 BOUGHT MCDATA CORP CL A EXECUTION BY1WPT MCDTA 700 21.96000 15,387.00 027 07,0110102:12 001 Vat EFTA00198293

CLEARED THROWN ITS 0%M.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New York. New York 10167 17 c122 Beer. SZeirns SON, t4,1 Cap. Cc* Mon:tech Cella North Beccidon. New Yak 11201.3819 INSTITUTIONAL INTERESTS STATEMENT PERIOD May 26.2001 THROUGH June 29.2001 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTKIN STME/OUCUSIP GOMM PRICE ACCCUNT NUMBER TAXPAYER K1. ER LAST STATEMENT DEED AMOUNT May 25.2001 CREDIT AMOUNT 06/20/01 06/15/01 SOLD AMERICAN EAGLE OUTFITTERS INC AEOS -1,200 34.79000 41,731.60 NEW EXECUTION BY RSSF SEC FEE 1,40 06/20/01 06/15/01 BOUGHT QUANTA SERVICES INC PWR 1,800 22.60000 40,806.00 06/20/01 06/15/01 BOUGHT OMNICARE INC OCR 3,950 2038790 82.403.71 EXECUTION BY MDLD COMMISSION 27680 06/21/01 06/18/01 SOLD COMMSCOPE INC CN -5.000 2064210 101842.02 EXECUTION BY MLCO COMMISSION 350.00 SEC FEE 3,48 06/21/01 06/18/01 SOLD INRANGE TECHNOLOGIES CORP INRG 7.500 17.00000 127.480.75 CL B EXECUTION BY SBSH SEC FEE 4.25 06/21/01 06/18/01 SOLD JOS UNIPHASE CORP JDSU 1.450 11.56000 16.746.44 COM EXECUTION BY COWN SEC FEE .56 06/22/01 06/19/01 BOUGHT AMERICAN EAGLE OUTFITTERS INC AEOS 3.000 38.10500 114,330.00 NEW EXECUTION BY FBCO 06/22/01 06/19/01 BOUGHT CAPSTONE TURBINE CORP CPST 1.400 19.50000 27,315.00 EXECUTION BY FBCO 06/22/01 06/19/01 BOUGHT TIMBERLAND CO-CL A T8L 3.200 39.69080 127,217.56 EXECUTION BY BUCK COMMISSION 192.00 06/25/01 06/20/01 SOLD GOODRICH CORPORATION GR -2,800 39.47010 110.301.59 WITH FUGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY MSCO COMMISSION 196.00 SEC FEE 3,69 027 D7.01,01:02:12 001 V481 EFTA00198294

CLEARED THROUGH ITS CAM.EO SUBSIDIARY BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New Y New York 10167 18 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 06/25/01 TRADE DATE TRANSACT/0N 06/20/01 BOUGHT batrivi U12661 tritS CESCRPTION MCDATA CORP CL A EXECUTION BY TWPT tetioN Iffeilba6dY EXECUTION BY MOW COMMISSION 122,50 SEC FEE 2.16 TIME WARNER TELECOM INC CLASS A EXECUTION BY 1WPT SYMBOLGUS, MCDTA k4 OVAAITITY 2,200 17.48000 PRICE -1,7de Beer. SZeirhs S0C,r44,1 Cap. 0-414cm:tech Contm North Beccidon. New Tuft 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD May 262001 THROUGH ACCCUNT NUMBER TAXPAYER IMJUSER June 29.2001 LAST STATEMENT May 25.2001 DEBIT AMOUNT 38,471.00 CREW' AMOUNT 06/25/01 06/20/01 BOUGHT BAITC 1,200 25.76880 30,937.56 06/26/01 06/21/01 BOUGHT KENNETH CCU PRODUCTIONS INC CL A EXECUTION BY BUCK COMMISSION 216,00 ENZON INC EXECUTION BY INET COMMISSION 93.00 MCDATA CORP CL A EXECUTION BYTNPT KCP 3,600 22.99490 83,012.64 06/26/01 06/21/01 BOUGHT ENZN 3.100 60.25260 186,891.06 06/26/01 06/21/01 BOUGHT MCDTA 1.400 18.27250 25,596.50 06/26/01 06/21/01 SOLD TIBCO SOFTWARE INC EXECUTION BY INCA COMMISSION 37.50 SEC FEE .57 AS OF 06/21/01 TIBX -1.250 13.51190 16,836.81 06/26/01 06/21/01 BOUGHT TIMBERLAND CO-CL A EXECUTION BY GKMC COMMISSION 168,00 KENNETH COLE PRODUCTIONS INC CL A EXECUTION BY BUCK COMMISSION 218,00 SEC FEE 2.28 Ylike6 §OrfOvAllE Ire EXECUTION BY FBCO SEC FEE .54 TBL 2.800 41.47400 116,310.20 06/27/01 06/22/01 SOLD peevill Wafer' t6i5 KCP -3.600 18.98450 -1.250 12.93000 68,110.92 16,146.96 027 074110102:12 001 1/481 EFTA00198295

CLEARED THRWGH ITS ?RIMY 0%M.E0 SUBSIDIARY BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New Y New York 10167 19 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACT/ DM 06/27/01 06/22/01 BOUGHT be.. 7/In Mao.' boubir DESORPTION TIMBERLAND CO-CL A EXECUTION BY BUCK COMMISSION 78.00 Yolvf&WHILnatit totiPS15 STMBELCUSIP TBL crown./ PRICE 1,300 40.80270 1.46o 12.78130 Beer. Szewns Sec‘nt.ti Uwe CeoLlevalech CarrIm North Beccidon. New VC* 11201.3819 INSTITUTIONAL INTERESTS STATEMENT PERIOD May 26.2001 THROUGH June 29.2001 ACCCUNT NUMBER TAXPAYER NLAA3ER LAST STATEMENT May 25.2001 DENT AMOUNT OREM AACIUM 53,136.51 17.991. 06/28/01 06/25/01 SOLD AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY RSSF SEC FEE 8.13 POLO RALPH LAUREN CORP-CL A SEE NOTE 8 ON BACK EXECUTION BY BUCK COMMISSION 24.00 SEC FEE .36 I-MANY INC EXECUTION BY INET COMMISSION 111,00 SEC FEE 1.98 OUIKSILVER INC EXECUTION BY BUCK COMMISSION 114,00 AEOS -6,300 38.66750 243.582.12 06/28/01 06/25101 SOLD RL -480 26.50000 10.560.64 06/29/01 06/26/01 SOLD IMNY -3,700 16.01090 59.112.35 06/29/01 06/26/01 BOUGHT ZOK 1,900 22.94000 43,715.00 06/29/01 06f26/01 BOUGHT TIMBERLAND CO-CL A EXECUTION BY BUCK COMMISSION 36.00 AS OF 06/26101 TBL 600 38.39670 23,089.02 TOTAL $-3,239.165.03 $3.796.687.98 027 074110102:12 001 V481 EFTA00198296

CLEARED THROUGH ITS ?RIMY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New York. New York 10167 20 c122 Transaction Detail (continued) DEPOSITS AND WITHDRAWALS DATE TRANSACT-4N DESCRITTCH 06/22/01 CHECK FEES #M E T335 F 571 AtNED FR 6/6100 TO BUCKINGHAM CAPITAL MANAGE MUMMA,' 448,939.00 CREDIT WOMB TOTAL 6448.939.00 MONEY FUND ACTIVITY Beer. SZeirns SON, t4,1 Cory. OtoMetsolech Contm North Beccidon. New Year 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD May 26.2001 THROUGH June 29.2001 ACCOUNT NUMBER TAXPAYER WESER LAST STATEMENT May 25.2001 DATE matAy TRANSACTION DEW:PURIM SYMECCPCUSIP PANTRY PP.CE CM! AMOUNT CREDIT AMOUNT 05/26/01 OPENING BALANCE 1.626.996.24 06/01/01 BOUGHT THE TREASURERS FUND INC GTDX( 500.000 1.0000 500,000.00 DOMESTIC PRIME MAN PORTFOLIO 06/14/01 BOUGHT THE TREASURERS FUND INC GTDXX 500.000 1.0000 500.000.00 DOMESTIC PRIME M/AA PORTFOLIO 06/21/01 DIVIDEND THE TREASURERS FUND INC GTDXX 6.190.49 DOMESTIC PRIME MAIA PORTFOLIO MONTHLY DIVIDEND 06/21/01 REINVEST THE TREASURERS FUND INC GTDXX 6.190.49 6,190.49 DOMESTIC PRIME MrtuIPORTFCCIO MONTHLY DIVIDEND REINVESTED 06,22/01 SOLD THE TREASURERS FUND INC GM= -1.000.000 1.0000 1.000.000.00 DOMESTIC PRIME MM PORTFOLIO 06/29/01 CLOSING BA LANCE 1.633.186.73 TOTAL $-1.006.190.49 $1.006.190.49 027 070'10102:12 001 EFTA00198297

CLEARED THROUGH ITS ?RIMY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New York. New York 10167 21 c122 Transaction Detail (continued) DIVIDENDS TAXPAYER WESER LAST STATEMENT May 25.2001 DATE DESORPTION STIABWOUSIP I:V.14111Y RATE MI DEBT AMOUNT OREM AMOUNT 06/01/01 HCA-HEALTHCARE CO HCA 12,100 0.0200 242.00 REC 05/01/01 PAY 06/01/01 06/12/01 OMNICARE INC OCR 5,150 0.0225 115.88 REC 06/01/01 PAY 06/12/01 06/13/01 HARRIS CORP-DEL HRS 9,350 0.0500 467.50 REC 05/3001 PAY 06/13101 06/15/01 CARNIVAL CORP-CL A CCL 7,450 0.1050 782.25 REC 05/31/01 PAY 06/14/01 06/15/01 LYONDELL CHEMICAL COMPANY LY0 7,000 0.2250 1675.00 REC 05/25/01 PAY 06/15/01 06/18/01 TALBOTS INC TLB 6,900 0.0800 552.00 REC 06/04/01 PAY 06/18/01 06/27/01 SOUTHWEST AIRLINES CO LUV 10,200 0.0045 45.90 REC 06/08101 PAY 06/27/01 06/28/01 ROYAL CARIBBEAN CRUISES LTD RCL 13.500 0.1300 1.755.00 REC 06/06431 PAY 06/28431 06/29/01 MILLENNIUM CHEMICALS INC MCH 10.400 0.1500 1.560.00 REC 06/13101 PAY 06/2901 WH 156.00 FOREIGN TAX VATHHELO TOTAL $.156.00 $7.095.53 INTEREST DATE DESORPTION SVIABOLOUSIP OUANTITY RATE I DEBT AMOUNT CREDIT AMOUNT 06/21/01 INT CR JUN01 4,779.71 TOTAL $4,779.71 Beer. Saea•ns SOC,r44,1 COO. 0-414cm:tech Ccrttec North Beccidon. New Ye* 11201.3819 INSTITUTIONAL INTERESTS STATEMENT PERIOD May 26.2001 THROUGH June 29.2001 ACCOUNT NUMBER 027 0741101:02:12 001 V481 EFTA00198298

CLEARED THRWGH ITS vniCtLY OBBE0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New York. Now York 10167 22 c122 Transaction Detail (continued) MISCELLANEOUS DATE AKIDAY TPANSACXCB 06,01101 JOURNAL ['FERMI CB DEBT AMCW41 CREPT AMOUNT 05+01 CLR CHG 25 205.00 TOTAL $-205.00 Trades Executed Pending Settlement Beer. SZeirns S0NX*1 COO. Ore Mem:tech Cantm North Beccidon. New VC* 11201.3019 INSTITUTIONAL INTERESTS STATEMENT PERIOD May 26.2001 THROUGH June 29.2001 ACCCUNT NUMBER TAXPAYER NUMBER LAST STATEMENT May 25.2001 SETTLEMENT DATE TRADE DATE TRANSACT/CPI CCSCRIPTIGN SYMBOLCUSP WONTITY PRICE DEBIT AMOUNT CREPT MOUNT 07/02101 06/27/01 SOLD I-MANY INC IMNY -14.500.00 16.1189 233.266.25 07/02/01 06/27/01 BOUGHT MCDATA CORP MCDTA 1.600.00 19.3800 31,023.00 CL A 07/03/01 06/28/01 BOUGHT DMC STRATEX NETWORKS INC STXN 1.850.00 7.6200 14,112.00 07/03/01 06/28/01 SOLD I-MANY INC IMNY -4.000.00 14.8000 59,183.02 07/05/01 06/29/01 SOLD AGERE SYS INC AGRA -6.800.00 7.5000 50,507.30 CL A 07/05/01 06/29/01 BOUGHT MCDATA CORP MCDTA 1.000.00 19.9000 19,915.00 CL A 07/05/01 06/29/01 SOLD OUIKSILVER INC ZOK -1.500.00 24.6833 36.918.72 07/05/01 06/29/01 BOUGHT SPECTRASITE HOLDINGS INC SITE 9.000.00 6.5100 58.605.00 07/05/01 06/29/01 BOUGHT TIMBERLAND CO-CL A MIL 2.400.00 39.0695 93.925.80 TOTAL $217.580.80 $379.875.29 The above wa, in en, Why, section of Ibq stakirxrt 027 07.01.01:02:12 001 V491 EFTA00198299

CLEARED THROUGH HS vngxtv CA1NE0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Path Avenue New York, New York 10167 Beer. Stools Sedritin EMS Sec Metrocch Corder HORN &worn. New TeX r1201.18S9 INSTITUTIONAL INTERESTS STATEMENT PERIOD THROUGH ACCOUNT NUMBER *11 28.2001 May 25.2001 What's In This Statement IIIIIIIIIIIIIIIII I I TAXPAYER NUWER LAST STATEMENT April 27.2001 Financial Summary 3 INSTITUTIONAL INTERESTS Your Portfolio Holdings 4 CIO FINANCIAL TRUST COMPANY ATTN JEANNE BRENNAN Transaction Detail 8 Fund Activity 17 Trades Not Yet Settled 18 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURITIES THIS PEROD 16.798.667 Cash & Equvalent . $3.071.596 ,, $3.563.651 NET CREDIT BALANCE 1.444,600 Equities $16.798.667 MONEY MARKET RIO BALANCE 1,626,996 CC(11.1), "LaIn $15.071.905 Current market value NET EQUITY TIOS PERIOD $19,870,263 NM Last statements market value NET EOUITY UST STATEMENT 18,635,556 CHANGE SINCE LAST STATEMENT 1,234,707 There are no 'Stop Loss' orders or other pending buy or sell open orders on tile for your account. TM donnorid br ATOrodhorml puTrosts only II ism( needed as a la. &warners TM ustsenarc should be Maned for your records Soo reform We Ice rscrure stomata, 027 05.2601:12:10 001 V478 EFTA00198300

CLEARED 'THROUGH nS WHOLLY OWNED SUBSIDIARY 1308i. SOMAS SoowetlRS COO. Ono Llevotech Confer Hann BreaIgn. Hew Vatic 11201.3859 INSTITUTIONAL INTERESTS 2 of le STATEMENT BACKER IS PRINTED ON THIS PAGE 027 D52601:12:10 001 HIS EFTA00198301

CLEARED 1HRWGH nG ?RIMY OW‘.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New York. New York 10167 3 al ,. Beet Saea•ns SON, t4,1 COO. Ore Metselech Centm North Beccidon. Hew To* 11201.3859 INSTITUTIONAL INTERESTS Cash Flow Analysis Income Summary STATEMENT PER100 ROW 20.2001 THROUGH May 25.2001 ACCOUIIIT NUMBER TAXPAYER AMBER THIS PERIOD PERIOD YEAR TO DATE LAST STATEMENT Apfel 27, 2001 Opening Balance $908,046.94 Dividends 6,822.76 64,539.80 Substitute Payment 0.00 630.00 Securities Sold 2,664,491.15 Credit Balance Int. 4.444.77 29,542.02 Money Fund 1,081,392.74 Total $11.267.53 $94,711.82 Dividends Interest 4,874.79 Shod Dividends 0.00 -144.50 Amount Credited $3,750.758.68 Foreign Tax Withheld -49.22 -205.22 Securities Bought -3,167.378.44 Margin Int. Paid 0.00 -47.91 Money Fund -46.392.74 Miscellaneous -434.22 Portfolio Composition Amount Debited $3,214,205.40 Cash/Cash Equivalent 3.071,596 Net Cash Activity 536.553.28 Equities 16.798,667 ClosingBatance $1 444 600.22 Your Portfolio Total 319,870.263 Allocation Cash Balance Summary OW, AG CLOSING Cash 88.716.86 88,716.86 Margin 819,330.08 1,355,883.36 Net Cash Balance $908,046.94 $1.444.600.22 027 052501:12:10 001 Cash & Equivalent 16% Equities 84% UnWaife, ra,00, 1. 00.0* eat 014, 0, onto' !NH ma•sn wive, Tea elocahr revenur ts OO•ned Iron Va Mnol.te mane, rat), el Kv patio" V078 EFTA00198302

CLEARED THROUGH ITS vniCkLY 0"E0 SUBSIDIARY BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New Y New York 10167 4 Beer. SZeirns SON, 14,1 COO. Cc* Metsolech Car:tog North Beccmon. New Ye* 11201.3819 INSTITUTIONAL INTERESTS STATEMENT PER100 ROW 28.2001 Your Portfolio Holdings THROUGH ACCCUNT NUMBER May 25.2001 CASH & CASH EQUIVALENTS TAXPAYER AMUMER LAST STATEMENT AM 27.2001 MARKET ESTIMATED DESORPTION STMOOLOLISP OLIANTITY PRCE VALUE ANNUAL INCOME CASH BALANCE 1.444.600 THE TREASURERS FUNDING GTD)0( 1,626,996.24 1.0000 1.626.996 60,199 DOMESTIC PRIME MINT PORTFOLIO TOTAL CASH & CASH EQUIVALENTS $3,071,596 $60,199 EQUITIES Equities & Options ACCT MARKET (STEWED DJRFENT DESORPTION MIBOUCLISIP nPE warm PRCE VALLE ANATOL INCOME TEED I%/ ABERCROMBIE & FITCH CO-CL A ANF MRGN 8,800 41.8000 367,840 ALPHARMA INC-CL A ALO MRGN 12,500 26.8000 335,000 2.250 0.6716 ACTY INC IAN MRGN 22,300 3.4100 76,043 ALLEGIANCE TELECOM INC ALGX MRGN 13.400 16.8000 225,120 APPLIED MICRO CIRCUITS CORP AMCC MRGN 850 22.7500 19,338 ADELPHIA BUSINESS SOLUTIONS ABIZ MRGN 52.200 4.3600 227,592 INC CI A AT&T CORP LIBERTY MEDIA GROUP LMGA MRGN 37.800 17.6000 665.280 SER A AMERICAN EAGLE OUTFITTERS INC AEOS MRGN 10.850 38.7000 419.895 NEW AGERE SYS INC AGRA MRGN 22.650 8.1000 183.465 CL A AMR CORP-DEL AMR MRGN 7.550 37.8000 285.390 ADELPHLA COMMUNICATIONS CORP ADLAC MRGN 18.154 37.9400 688.763 CL A 027 05.2601:1210 001 V478 EFTA00198303

CLEARED 1HRCAJGH ITS WHOLLY OWLE0 SUBSIDIARY BEAR STD;RNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New YY New York 10167 5 Your Portfolio Holdings (continued) Equities & Options (continued) DESCRPTION rmacco.siv (COT 119E OUANIITY PACE MAFIGT VALUE ESTIMATED ANNUAL INCOME GUARD« YELD ALASKA AIR GROUP INC AIX MRGN 6,200 28.7700 178,374 BEVERLY ENTERPRISES INC NEW BEV MRGN 49,800 8.9500 445,710 BRAUN CONSULTING INC BRNC MRGN 11.000 9.5200 104,720 BAFIR LABORATORIES INC BRL MRGN 3,250 66.0200 214,565 COMMSCOPE INC CTV MRGN 5,000 24.6700 123,350 CHILDRENS PLACE RETAIL STORES PLCE CASH 7,950 30.5100 242.555 INC CITIZENS COMMUNICATIONS CO CZN MRGN 7.900 14.5100 114.629 CAPSTONE TURBINE CORP CPST MRGN 6.450 35.7900 230.846 CARNIVAL CORP-CL A CCL MRGN 7,450 28.7900 214.486 3.129 1.4588 KENNETH CCLE PRODUCTIONS INC KCP MRGN 3,200 32.2100 103.072 CL A CONTINENTAL AIRUNES INC-CL B CAL MRGN 1.900 50.0400 95.076 DMC STRATEX NETWORKS INC STXN MRGN 7.300 6.6500 48.545 ELECTRIC LIGHTWAVE INC-CL A ELIX MRGN 51.100 1.6100 82.271 FEDERATED DEPARTMENT STORES FD MRGN 4.500 46.0000 207.000 INC-DEL B F GOODRICH CO GR MRGN 11.100 42.7400 474.414 12.210 2.5737 ITT INDUSTRIES INC ITT MRGN 8,200 48.2100 395.322 4.920 1.2446 I-MANY INC IMNY MRGN 40,900 17.9600 734.564 INRANGE TECHNOLOGIES CORP INRG MRGN 29,000 20.2600 587,540 CL B HCA-HEALTHCARE CO HCA MRGN 12.100 38.9300 471.053 968 0.2055 HARRIS CORP-DEL HRS MRGN 9,350 30.1000 281.435 1.870 0.6645 Beer. SHWAS SOCAX*1 Cap. Ce.ol,levolech Conte< North Becciop. New rak 112014859 INSTITUTIONAL INTERESTS STATEMENT DEMO° APrit 28.2001 THROUGH May 25.2001 ACCCCIAT NUMBER TAXPAYER AMMER LAST STATEMENT Apfil 27.2001 027 0526.131:12:10 001 V478 EFTA00198304

CLEARED THROUGH ITS ~Cm.? GMt•ED SUBSIDIARY BEAR STD;RNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New YY New York 10167 6 Your Portfolio Holdings (continued) Equities & Options (continued) DESCRPTION SYMBOUCUSIP ACC! TYPE OUANIITT PACE MARKET VALUE ESTIMATED AIIMML INCOME CURROVT YELD HEALTH MANAGEMENT ASSOCIATES HMA MRGN 16,150 172500 278.588 INC NEW-a A JDS UNIPHASE CORP JDSU MRGN 1.450 21.2700 30.842 COM K MART CORP KM MRGN 24.400 11.4400 279.136 KORS CORP KSS MRGN 2,000 64.5000 129,000 LYONDELL CHEMICAL COMPANY LYO MRGN 7,000 16.4100 114,870 6,300 5.4845 MCLEODUSA INC-CL A MCLD MRGN 15,950 6.0900 97,136 FORMERLY MCLEOD INC MILLENNIUM CHEMICALS INC MCH MRGN 10,400 16.3300 169,832 6.240 3.6742 METROMEDIA FIBER NETWORK INC MFNX MRGN 24,100 5.0000 120,500 CL A MCKESSON HBOC INC MCK MRGN 12,000 34.5800 414.960 2.880 0.6940 COM METHANEX CORP MEOH MRGN 16,300 7.0800 115,404 MICRON TECHNOLOGY INC MU MRGN 1,750 40.7000 71,225 NOVA CHEMICALS CORP NCX MRGN 8,600 23.3000 200,380 1.444 0.7206 NAUTICA ENTERPRISES INC NAUT MRGN 11.450 19.9300 228,199 NORTHWEST AIRLINES CORP NWAC MRGN 3.000 26.4700 79,410 POLO RALPH LAUREN CORP-CL A RL MRGN 1.707 29.9500 51,125 ORION POWER HOLDINGS INC ORN MRGN 9,700 29.5900 287.023 OMNICARE INC OCR MRGN 5,150 200000 103.000 464 0.4505 PACIFIC SUNWEAR OF CALIFORNIA PSUN MRGN 3,250 223800 74,035 INC OUIKSILVER INC ZOK MRGN 15,292 26.9500 412,119 Beet Stetrns Off. CeoLlevolech Conte< North Brock/pl. New lee" 11201.0819 INSTITUTIONAL INTERESTS STATEMENT PER100 April 28.2001 THROUGH May 25.2001 ACCOUNT NUMBER TAXPAYER AMMER LAST STATEMENT Apfd 27,2001 027 OS26,01:12:10 001 V478 EFTA00198305

CLEARED THROUGH ITS wiseklY CAWED SUBSIDIARY BEAR STD;RNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New YY New York 10167 7 Your Portfolio Holdings (continued) Equities & Options (continued) DESCRPTIOH S1MBOLCUSIP ACCT T/PE owner PRCE MARKET VALLE ESTAMTED ANNUAL INCOME CURFSR YELD REMEC INC REMC MRGN 18,250 8.6400 157,680 ROYAL CARIBBEAN CRUISES LID RCL MRGN 13.500 21.3500 288.225 7.020 2.4356 CALL ROYAL CARIBB JUN 020- RCLF20 MRGN 100 1.9000 19.000 EØ 06162001 SPX CORP SPW MRGN 4,050 119.8100 485,231 SOLUTIA INC SOI MRGN 7,800 14.5400 113,412 312 0.2751 SPECTRASIFE HOLDINGS INC SITE MRGN 27.800 8.5600 237.968 SENSORMATIC ELECTRONICS CORP SRM MRGN 5,950 14.6700 87.287 SOUTHWEST AIRLINES CO LUV MRGN 10,200 19.2300 196.146 184 0.0938 TYCO INTERNATIONAL LTD TYC MRGN 11,300 56.7500 641.275 565 0.0881 TIME WARNER TELECOM INC TWTC MRGN 3,900 42.7600 166.764 CLASS A TIBCO SOFTWARE INC TIBX MRGN 15.000 15.2000 228.000 TALBOTS INC TL13 MRGN 3.550 37.0000 131.350 1.136 0.8649 TENET HEALTHCARE CORP THC MRGN 9.250 44.6800 413.290 TRANSWITCH CORP TXCC MRGN 8.100 15.8000 127.980 TIMBERLAND CO-CL A TBL MRGN 6.650 48.0000 319.200 TOMMY HILFIGER CORP-ORD TOM MRGN 4,500 15.3200 68.940 UNIT EDGLOBALCOM UCOMA MRGN 17,050 13.8300 235.802 CL A USA NETWORKS INC USAI MRGN 5,400 25.2200 136,188 UNITED RETAIL GROUP INC URGI MRGN 16,700 9.6500 161.155 UNIVERSAL HEALTH SERVICES INC UHS MRGN 3,200 80.9500 259.040 CL B Beer. SZetrns S00,,I40 Off. Cr.* Meveleen Conte< North Beeciop. New Yak 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PER100 Apal 28.2001 THROUGH May 25.2001 ACCOUNT NUMBER TAXPAYER AMMER LAST STATEMENT *II 27.2001 027 0526.01:12:10 001 v478 EFTA00198306

CLEARED THRWGH ITS NNW.? OMnE0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New York. New York 10167 8 ci Your Portfolio Holdings (continued) Equities & Options (continued) DESCRPTION SYMBOUCUSIP ACCT TYPE *WPM PACE MARKET VALLE ESTIMATED CURRENT ANMJAL NCOIAE YELD VITRIA TECHNOLOGY INC VITR MRGN 28,350 5.9900 169,817 COM X0 COMMUNICATIONS INC X0X0 MRGN 16,000 3.4300 54,880 CL A Total Equities& Options $16.798.667 $51,892 TOTAL EQUITIES $16.798.667 851.892 YOUR TOTAL ESTIMATED ANNUAL INCOME $112.091 YOUR PRICED PORTFOLIOHOLDINGS $19.870.263 Transaction Detail INVESTMENT ACTIVITY Beer. Saea•ns SOC,M*I COO. Cc* Mem:1Ni+ Cont“ North Beccidon. New Ye* 112013359 INSTITUTIONAL INTERESTS STATEMENT PER100 ROW 28.2001 THROUGH May 25.2001 ACCOUNT NUMBER TAXPAYER WEBER LAST STATEMENT WI 27,2001 SETTLEMENT DATE TRADE DATE TRANSACTION DESCRIPTION STIA3OUCUSIP GUMMY PRCE DEED AMOUNT GRECO M/OUNT 04/30/01 04/25/01 SOLD CARNIVAL CORP-CL A COL -1,850 26.00000 47,953.89 EXECUTION BY WARR COMMISSION 129,50 SEC FEE 1.61 04/30/01 04/25101 SOLD SPECTRASITE HOLDINGS INC SITE .4.050 9.06950 36.715.25 EXECUTION BY SBSH SEC FEE 1.23 027 05.2601:12:10 001 V478 EFTA00198307

CLEARED THRWGH ITS niCkLY 0%M.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New Y New York 10167 9 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACIKIN DESCRIPTION 04/30/01 04/25/01 BOUGHT TIMBERLAND CO-CL A EXECUTION BY BUCK COMMISSION 30,00 b5.61 D4rfragli• teal §tNt6AMAISt ELEdtkiiit§ dolils MIA -5,66b 13.97140 Beer. SZeirns SON, t4,1 Cap. Cc* Mevolech Contm North Beccidon. New VC* 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD ROW 28.2001 THROUGH May 25.2001 ACCCUNT NUMBER TAXPAYER AILIUSER LAST STATEMENT ApTil 27.2001 SY1A3OUCUSV owermy PRICE DEBIT AMOUNT TBI. 500 44.81810 22,454.05 EXECUTION BY RHCO COMMISSION 210,00 SEC FEE 1,40 ALPHARMA INC-CL A EXECUTION BY COWN COMMISSION 584,50 AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY RSSF CHEM MONO , Y.A8 05/03/01 04/30/01 BOUGHT ALO 8,350 22.36890 187,379.82 05/03/01 04/30/01 BOUGHT AEOS 3.850 38.48560 148,184.56 05/03/01 04/30/01 BOUGHT BEVERLY ENTERPRISES INC NEW BEV 12,900 7.51100 97,665.90 05/03/01 04/30/01 BOUGHT BARR LABORATORIES INC EXECUTION BY GSCO COMMISSION 17,50 METROMEDIA FIBER NETWORK INC MEN% -5.600 5.10000 28.544.04 CI A EXECUTION BY SI3SH SEC FEE .96 SCI SYSTEMS INC EXECUTION BY MLCO COMMISSION 283,50 SEC FEE 3,46 SPECTRASITE HOLDINGS INC EXECUTION BY SLKC SEC FEE 3.22 TIMBERLAND CO-CL A TBL -1,850 48.22070 89.060.82 EXECUTION BY GKMC COMMISSION 129,50 SEC FEE 2,98 BRL 250 57.33340 14,365.85 05/03/01 04/30/01 SOLD 05/04/01 05/01/01 SOLD SCI -4.050 25.60380 101393.43 05/04/01 05/01/01 SOLD SITE -10,400 9.26100 96,296.18 05/04/01 05/01/01 SOLD 027 OS2501:12:10 001 V478 EFTA00198308

CLEARED THROUGH ITS YTHOU.Y ORRED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New Y New York 10167 10 CI I, Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE TRADE DATE TRANSACTION DESORPTION STMOOLCUSP MAXIM' PERU DEBIT AMOUNT CREDTT AMOUNT 05107;01 05102:01 SOLD ALLEGIANCE TELECOM INC ALGX -1.600 20.35000 32.543.91 EXECUTION BY FBCO SEC FEE 1.09 05107/01 05102:01 HY A DigtV§WO A 22.650 7.59350 173.36638 CL A EXECUTION BY GOWN COMMISSION 1.359.00 05,07/01 05,02:01 BOUGHT CITIZENS COMMUNICATIONS CO CZN 7.900 12.06830 95.892.57 05107/01 05102/01 BOUGHT KOHLS CORP KSS 1.650 62.96740 104.010.21 EXECUTION BY BUCK COMMISSION 99.00 05107/01 05102/01 SOLD TIME WARNER TELECOM INC IWTC -1.550 54.90000 85.077.16 CLASS A EXECUTION BY IWPT SEC FEE 2.84 05107/01 05102:01 BOUGHT TRANSWITCH CORP TXCC 1.500 18.85000 28.290.00 EXECUTION BY RSSF 05108101 05103101 BOUGHT AMERICAN EAGLE OUTFITTERS INC AEOS 1.850 38.40830 71.070.36 NEW EXECUTION BY RSSF 05108/01 05103:01 SOLD MCLEODUSA INC-CL A MCLD -13.000 6.98400 90.773.97 FORMERLY MCLEOD INC EXECUTION BY FBCO SEC FEE 3.03 05108101 05103101 SOLD METROMEDIA FIBER NETWORK INC MFNX -5.300 6.72370 35.619.42 CL A EXECUTION BY SBSH SEC FEE 1.19 05108101 05103101 BOUGHT ORION POWER HOLDINGS INC ORN 450 28.62350 12.927.08 EXECUTION BY PRUS COMMISSION 31.60 13081. SIWAS SOCuiTitl CND. Ox Mettotech Corder HORN etCCidel. lie* Tett 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD April 28.2001 THROUGH May 25.2001 ACCOLM NUMBER TAXPAYER NUMBER LAST STATEMENT April 27.2001 027 COS2801:1 2:10 001 V4713 EFTA00198309

CLEARED THROUGH ns ?mow, OME0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 245 Park Avenue New York. New York 10167 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACTION 05/08/01 05/03/01 SOLD DESORPTION TIME WARNER TELECOM INC CLASS A EXECUTION BY TWPT SEC FEE 4,16 ALPHARMA INC-CL A EXECUTION BY COWN COMMISSION 290,50 ALLEGIANCE TELECOM INC EXECUTION BY FBCO CASUAL MALE CORP MASS EXECUTION BY JEFF SEC FEE ,21 NOVA CHEMICALS CORP EXECUTION BY TUCK COMMISWON 245,00 POLO RALPH LAUREN CORP-CL A SEE NOTE '5' ON BACK EXECUTION BY BUCK COMMISSION 75,00 SEC FEE 1,12 TIME WARNER TELECOM INC CLASS A EXECUTION BY JPHO sTmeOUCUSIP WIC OtioNmv PRICE -2,350 53.05000 Bear. Szeirns Seca•Ilks Core Dec Metsclech Contm North Beccidon. New VC* 112013859 INSTITUTIONAL INTERESTS STATEMENT PER100 April 28 2001 THROUGH May 25.2001 ACCOUNT NUMBER TAXPAYER MASER LAST STATEMENT April 27.2001 DEBIT AMOUNT CREPT M.C4110 124,648.34 05/09/01 05/04/01 BOUGHT ALO 4,150 22.95120 95,552.98 05/09/01 05/04/01 BOUGHT ALGX 1.600 17.50000 28,015.00 05/09/01 05/04/01 SOLD CMACE -3.000 2.10000 6.284.79 05/09/01 05/04/01 BOUGHT NCX 3.500 22.72360 79.792.60 05/09/01 05/04/01 SOLD RL -1.250 26.80600 33.416.38 05109/01 05/04/01 BOUGHT TWIC 1.800 50.00000 90.015.00 05/10/01 05/07/01 SOLD CASUAL MALE CORP MASS EXECUTION BY NITE SEC FEE ,25 CASUAL MALE CORP MASS EXECUTION BY REDI COMMISSION 154,00 SEC FEE ,47 KOHLS CORP EXECUTION BY BUCK COMMISSION 10200 AS OF 05/07/01 CMAOE -4.300 131820 7,373.01 05/10/01 05/07/01 SOLD CMAOE -7.700 1.79540 13,655.11 05110/01 05/07/01 BOUGHT KSS 1.700 58.80650 100.088.05 027 05.2501:12:10 001 V478 EFTA00198310

CLEARED THROUGH ns ?mow, °ME° SUBSIDIARY BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New Y New York 10167 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 05/10/01 TRADE DATE TRANSACTION 05/07/01 BOUGHT o5/11/61 95/96/61 OWOHY CESCRPTKIN TOMMY HILFIGER CORP-ORD EXECUTION BY BUCK COMMISSION 270.00 iLL~61ANdt It ii i I EXECUTION BY RSSF STIMOLGUSP TOM CUNVMY PRICE 4,500 12.72140 ,1 Beer. SZeirns SON, t4,1 Cory. Dec Metscilech Contm North Beccidon. New Tuft 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD ROW 28.2001 THROUGH May 25.2001 ACCCUNT NUMBER TAXPAYER NUIA3ER LAST STATEMENT Apni 27.2001 DEBIT AMOUNT 57,531.30 CHEM MONO 17. 05/11/01 05/08/01 SOLD APPUED MICRO CIRCUITS CORP EXECUTION BY COWN SEC FEE ,66 APPUED MICRO CIRCUITS CORP EXECUTION BY INCA COMMISSION 21,00 SEC FEE ,67 AS OF 05/08/01 AMCC -700 28.20000 19.724.34 05/11M1 05/08/01 SOLD AMCC -700 28.35000 19.808.33 05/11/01 05/08/01 BOUGHT MICRON TECHNOLOGY INC EXECUTION BY NEED COMMISSION 248.50 OUIKSILVER INC EXECUTION BY BUCK COMMISSION 126.00 SEC FEE 1,96 TIME WARNER TELECOM INC CLASS A EXECUTION BY TWPT MU 3.550 42.10770 149,745.84 05/11/01 05/08/01 SOLD ZOK -2,100 27.93100 58.512.14 05/11/01 05/08/01 BOUGHT TWTC 2,100 43.07500 90,472.50 05/14/01 05/09/01 SOLD INRANGE TECHNOLOGIES CORP CL B EXECUTION BY SSSH SEC FEE 1,00 KOHLS CORP EXECUTION BY FANA COMMISSION 15400 SPECTRASITE HOLDINGS INC EXECUTION BY SLKC INRG -1,800 16.52800 29,734.40 05/14/01 05/09/01 BOUGHT KSS 2,200 56.62950 124,753.90 05/14/01 05/09/01 BOUGHT SITE 2,400 8.31940 19,981.56 027 05.2501:12:10 001 V478 EFTA00198311

CLEARED THROUGH ns mom', OME0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New Y New York 10167 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACT/ON 05/15/01 05/10/01 SOLD DESCRIPTION AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY INET VS 1400 05.03-01 COMMISSION 42,00 SEC FEE 1,99 AS OF 05110101 SY1A3OUCUSV AEOS Comm -1,400 PRICE 42.60970 Beer. SZeirns SON, t4,1 COO. Cc* Metsolech Cantm NOM Beccidon. New VC* 11201.3819 INSTITUTIONAL INTERESTS STATEMENT PERIOD ROW 28.2001 THROUGH May 25.2001 ACCCUNT NUMBER TAXPAYER NUSSER LAST STATEMENT April 27.2001 DEEDAMMO CREDIT AMOUNT 59,594.59 05/15/01 05/10/01 SOLD AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY RSSF VS 3800 04-30-01 SEC FEE 5,33 AS OF 05/10101 FEDERATED DEPARTMENT STORES INC-Ca EXECUTION BY BUCK COMMISSION 270,00 MICRON TECHNOLOGY INC EXECUTION BY MONT COMMISSION 126,00 SEC FEE 2,51 ORION POWER HOLDINGS INC EXECUTION BY BUCK COMMISSION 135,00 PACIFIC SUNWEAR OF CAUFORNIA NC EXECUTION BY RICO SEC FEE 2,37 JONES APPAREL GROUP INC AS OF 05/11/01 AEOS 3.800 42.05130 159,774.61 05/15101 05/10/01 BOUGHT FO 4.500 43.57740 196.383.30 05/15/01 05/10/01 SOLD MU -1,800 41.73080 74,971S3 05/15/01 05/10/01 BOUGHT ORN 2,250 29.91660 67,462.35 05/15/01 05/10/01 SOLD PSUN -3,200 22.20610 71,042.15 05/16/01 05111/01 SOLD JNY .1.500 44.75000 67,017.76 05/16/01 05/11/01 SOLD KOHLS CORP EXECUTION BY BMUR COMMISSION 84,00 SEC FEE 2,07 KSS .1.200 61.52000 73,722S3 027 OS2601:12:10 031 V478 EFTA00198312

CLEARED THRWGH ITS niCkLY 0%M.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New York. New York 10167 14 0 14 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) Bear. Stows Seowther COO. Ore Mon:tech Contm North Beccidon. New VC* 11201.3819 INSTITUTIONAL INTERESTS STATEMENT PERO° APrd 28.2001 THROUGH May 25.2001 ACCOUVT NUMBER TAXPAYER AILAA3ER LAST STATEMENT AM 27.2001 SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION SYMBOLGUSP OVANTRY PRICE DEW AMOUNT MDR Wail 05/16/01 05/15/01 BOUGHT CALL ROYAL CARIBB JUN 020"•• ORCLF20 100 1.18330 12,133.00 EXP 06116/2001 AVG PRICE SHOWN-DETALS ON REO ACI1JAL CalFIRM TO YOUR AGENT OPEN CONMACT b5/17/61 65/14161 S6L5 AMENEATItioirtiolritYEttliM 600 34.O534d it, . e NEW EXECUTION BY RSSF VS 1550 02-09-01. 450 05-03-01 SEC FEE 2,61 05/17/01 05/14/01 SOLD KOHLS CORP KSS -800 62.25660 49,740.61 EXECUTION BY BUCK COMMISSION 48,00 SEC FEE 1,67 05/18/01 05115/01 SOLD TIMBERLAND CO-CL A IBL -2.100 47.34830 99.287.11 EXECUTION BY BUCK COMMISSION 126,00 SEC FEE 3,32 05/21/01 05116/01 SOLD AMERICAN EAGLE OUTFITTERS INC AEOS -2,200 39.05250 85.897.63 NEW EXECUTION BY RSSF SEC FEE 2.87 05/21/01 05116/01 SOLD AMERICAN EXPRESS COMPANY AXP -4.400 41.47700 182.169.71 EXECUTION BY RYAN COMMISSION 308,00 SEC FEE 6.09 05121/01 05/16/01 SOLD MARSH 8 MCLENNAN COMPANIES INC MMC .1.450 101 95710 147.716.37 WITH RIGHTS TO PURCHASE PREFRO STK UNDER CERTAIN CIRCUMSTANCE SEE NOTE ON BACK EXECUTION BY RYAN COMMISSION 101,50 SEC FEE 4.93 027 OS2501:12:10 001 V470 EFTA00198313

CLEARED 1HRWGH nS 0%M.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams 8 Co. Inc. 245 Park Avenue New York. New York 10167 15 c! I? Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE PATE TRANSACIVN 05/21/01 05/16/01 BOUGHT bsr2ithi dwiethi toLtS DESCRIPTION ROYAL CARIBBEAN CRUISES LTD SEE NOTE '5' ON BACK EXECUTION BY UBSW COMMISSION 665,00 AS OF 05/16/01 YIMIIPAL415 to-t EXECUTION BY BMUR COMMISSION 84,00 SEC FEE 1,90 PUT GOODRICH B F MAY 030 CBOE EXP 05/19/2001 EXP 05/19/2001 SYMBOUCUSIP RCL PIMDIW PRCE 9,500 20.44780 -1,264 47.44460 Beer. SZeirns SON, 14,1 COO. Otto Mevolech Cella North Beccidon. New VC* 11201.3819 INSTITUTIONAL INTERESTS STATEMENT PERIOD ROW 28.2001 THROUGH May 25.2001 ACCOUNT NUMBER TAXPAYER K1. ER LAST STATEMENT Apra 27.2001 DEBIT AMOUNT GPM, PlOcter 194,934.10 56.832.62 05121/01 EXPIRED 382388901 -70 05.122_/01 05/17/01 SOLD JONES APPAREL GROUP INC EXECUTION BY BUCK COMMISSION 156,00 SEC FEE 4,01 K MART CORP EXECUTION BY BUCK COMMISSION 210,00 CAPSTONE TURBINE CORP EXECUTION BY JPHO TIMBERLAND CO-CL A EXECUTION BY BUCK COMMISSION 87,00 SEC FEE 2,33 AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY RSSF SEC FEE 2,66 BRAUN CONSULTING INC EXECUTION BY SBSH JNY -2.600 46.18810 119.914.05 05/22/01 05/17/01 BOUGHT KM 3.500 10.51000 37,010.00 05123/01 05/16/01 BOUGHT CPST 6.450 35.46000 228,732.00 05/23/01 05/18/01 SOLD TBL -1,450 48.13890 69.697.08 05/24/01 05/21/01 SOLD AEOS -2.000 39.81000 79.602.34 05124/01 05/21/01 BOUGHT BRNC 11.000 9.45600 104,031.00 05124/01 05/21/01 BOUGHT COMMSCOPE INC EXECUTION BY MONT COMMISSION 350,00 CN 5.000 25.17960 126,263.00 027 05.2601:12:10 001 11/4178 EFTA00198314

CLEARED THROUGH ns ?mow, °ME° SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New Y New York 10167 16 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACTION OESCRVTION 05/24/01 05/21/01 SOW K MART CORP Beer. SZeirns SON, t4,1 COO. Dec Mevolech Contm North Beccidon. New VC* 11201.3819 INSTITUTIONAL INTERESTS STATEMENT PER100 POW 28.2001 THROUGH May 25.2001 ACCCUNT NUMBER TAXPAYER MJ1. CR LAST STATEMENT *11 27.2001 STMOOLCUSV OVANTITY PRICE DEBIT AMOUNT CHEM MOM KM -1,800 12.05000 21,563.27 05/24/01 05/21/01 SOLD KOHIS CORP EXECUTION BY VICO COMMISSION 3150 SEC FEE .97 OMNICARE INC EXECUTION BY OPCO COMMISSION 360,60 ROYAL CARIBBEAN CRUISES LTD SEE NOTE'S' ON BACK EXECUTION BY RYAN COMMISSION 280,00 KOHLS CORP KSS -1,100 67.20750 73.844.78 EXECUTION BY BUCK COMMISSION 66.00 SEC FEE 2.47 POLO RALPH LAUREN CORP-CL A SEE NOTE'S' ON BACK EXECUTION BY BUCK COMMISSION 50.82 SEC FEE .82 SPECTRASITE HOLDINGS INC SITE 3,550 8.76600 31,134.30 EXECUTION BY TWPT KSS 450 64.45000 28,955.03 05124/01 05/21/01 BOUGHT OCR 5.150 19.68700 101,763.55 05/24/01 05/21/01 BOUGHT RCL 4.000 22.13010 88,815.40 05/25/01 05/22/01 SOLD 05/25/01 05/22/01 SOLD RL -847 28.69740 24.240.06 05/25/01 05/22/01 BOUGHT 05/25/01 05/22/01 BOUGHT TALBOTS INC EXECUTION BY BUCK COMMISSION 213,00 3,550 42.10550 149,702.53 05/25/01 05/22/01 SOLD TIMBERLAND CO-CL A EXECUTION BY BUCK COMMISSION 48.00 SEC FEE 1.34 TB/ -800 50.05920 39,98102 TOTAL 1-3,167,378.44 $2,664,491.15 027 OS2501:12:10 001 1/478 EFTA00198315

CLEARED THROUGH ITS 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 245 Park Avenue New Y New York 10167 Transaction Detail (continued) MONEY FUND ACTIVITY Beer. SZeirns SON, 14,1 Dory. Dec Mem:tech Card“ North Beccidon. New Ye* 11201.3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD APed 28.2001 THROUGH May 25.2001 ACCOUNT NUMBER TAXPAYER MASSER LAST STATEMENT April 27.2001 DATE MODAT TRANSACTKN DESCRIPTION STEIBOUCVSIP owearry PR CE DEBIT AMOUNT CREDIT AMOUNT 04/28/01 OPENINGBALANCE 2,655,603.50 05/01/01 BOUGHT NEMPREIMBAKtio GTDXX 40.000 1.0000 40300.00 05/02/01 SOLD THE TREASURERS FUND INC GTD)0( -325.000 1.0000 325.00030 DOMESTIC PRIME ROA PORTFOLIO 05/04/01 SOLD THE TREASURERS FUND INC GM)0( -250.000 1.0000 250.00030 DOMESTIC PRIME MAit PORTFOLIO 05/09/01 SOLD 1HE TREASURERS FUND INC GM( -500.000 1.0000 500,000.00 DOMESTIC PRIME WM PORTFOLIO 05/22/01 DIVIDEND THE TREASURERS FUND INC &DU 6392.74 DOMESTIC PRIME MAN PORTFOLIO MONTHLY DNIDEND 05/22/01 REINVEST THE TREASURERS FUND INC &DU 6392/4 6392.74 DOMESTIC PRIME MAit PORTFOLIO MONTHLY DIVIDEND REINVESTED 05/25/01 CLOSINGBALANCE 1,626,996.24 TOTAL $-46,392.74 $1,081,392.74 DIVIDENDS DATE DESCRIPTION 05/02/01 TYCO INTERNATIONAL LTD REC 04/0231 PAY 05/0231 STMBOL.CUSIP Owen n Y RATE (S) MIT AMOUNT CREW AMOUNT TYC 8.150 0.0125 101.88 05.(15/01 NOVA CHEMICALS CORP NCX 5.100 0.0643 328.14 REC 04/30/01 PAY 05/15101 wH 49.22 FOREIGN TM WITHHELD TOTAL $-49.22 $430.02 027 05.26.01:12:10 001 V4711 EFTA00198316

CLEARED THRWGH ITS LIIICkLY CAMLEO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New York. New York 10167 18 0 o Transaction Detail (continued) INTEREST DA, DESCRIPTION 0521101 INT CRS KW 01 SYMEICIJCLISIP Beer. Saee•ns S007, 140 Cory. Dec Met:MeV+ Cardm North BecciOon. New Yak T1201.3819 INSTITUTIONAL INTERESTS STATEMENT PERIOD Pad 28.2001 THROUGH May 25.2001 ACCOUNT NUMBER TAXPAYER PAIUSER LAST STATEMENT WI 27.2001 OVANTITY RATE 1%4 DEBIT AMOUNT CREDIT AMOUNT 4.444.77 TOTAL $4.444.77 MISCELLANEOUS DATE LOOM TRANSACTOI DESCRIPTION 05/04/01 JOURNAL 04;01 CLR CHG TOTAL 25 DEBIT AMOUNT 385.00 CREDIT MADUNT S-385.00 Trades Executed Pending Settlement SETTLEMENT DATE TRADE DATE TRANSACT/ON CESCR PTION STMEIOLCUSP WPARITY PRCE DEBIT AMOUNT CREDI AMC/LW 05/29/01 05/23101 BOUGHT BARR LABORATORIES INC BRL 3700.00 62 229,415.00 05/29/01 05/23/01 SOLD KOHLS CORP KSS -400.00 65.3550 26.098.12 05/29/01 05/23/01 BOUGHT METHANEX CORP MEOH 3.100.00 7.8675 24,40425 05/29/01 05/23/01 SOLD PACIFIC SUNWEAR OF CALIFORNIA PSUN -3.250.00 23.1689 75,281.42 INC 05/29/01 05/23/01 SOLD OUIKSILVER INC ZOK -1.000.00 28.3060 28,220.05 05/29/01 05/23/01 SOLD SPX CORP SPW -1.400.00 118.6281 165.960.80 05/29/01 05/23/01 BOUGHT UNITEDGLOBALCOM UCOMA 2.900.00 15.0600 43,689.00 CL A 027 05.26.01:12:10 OO V078 EFTA00198317