Statements CONFIDENTIAL SDNYG,00350710 EFTA_00223402 EFTA01320897

En 8 0 z ii C in z r VELOSEOCIN9- ANGS BEAR STEARNS CifICE MEWING YOUR ACCOUNT Bear. Steams b Co. Inc. 383 Morison Avenue Now York. New York 10179 ACCOUNT EXECUTIVE GNMA GOVT BONO VISIT OUR wESSITE vAsw.bearsteams.com What's In This Statement Ilmll...I..1,1I I I Financial Summary 3 FINANCIAL TRUST CO INC You' Portfolio Holdings 4 C/0 JEFFREY EPSTEIN Transaction Detail 7 6100 RED HOOK QUARTER Trades Not Yet Settled 13 STE 83 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VAWE OF SECURftES THIS PERIOD 11.218594 LONG ACCRUED INTEREST 112.288 NET CREDR BALANCE 732,186 cash s Eouvalent P12417 43.9 2 5. 5186 NET EMMY THIS PERIOD $12,063.068 NET EQUITY UST STATEMENT 11.991.065 CHANGE SINCE LAST STATEMENT 72.003 There are no 'Stop Loss' orders or Other pending buy or Sell (*eh orders on Me for your account. xed Income 111.218.594 511.635.695 Curet matte, vibe LA51 MAtemerICS market Vale AWARD) ThetOLA3m iivnOLLY OrnED SaA0Nrir Am Sten Secultes Cap. One vsoomen Cerny NAM &ea& Nem at 20 UN 12123 2/2.1000 FINAteik TRUST CO INC STAMMINT ream 0•COIViber 1.2004 2141002. December 31.2004 AOCOANT Nubile Texemill Nue On Fie WT STATDCIT November 30, 2C04 Si c Tbse.. .nee is be nvernainNi Armes Pty. erale ra W d BS Oxisiwit Tv. ststentit *wad be tk* la yr), needs Sea issIn• bd. Ice rya tar. Wane. 02' 0125N0522219 col Important Message If any idormation resorting 2004 interest. dhlt19903. MiSeehintOuS 41e0019, gran proceeds or original issue discount 6 reduced to be reported to the IRS for this account. a Coniolidatod Form 1099 will be navel to you by January 31,20050r a 1042Sby March 15.2005. no, 49. La EFTA01320898

Cinat.0 THROInn IS WHOLLY OVO4.0 SIAISCORy Saw Smarm S.ont Cap. Crie Mesacch Cern Wei &me110. Nor Yon 11201.3859 FINANCIAL TRUST CO INC 2 C) -n C rn z -H r ZILOSE00- 019- ANGS 8 IJ IJ STATEMENT BACKER IS PRINTED ON THIS PAGE 027 01/01103,00:111 001 2010 EFTA01320899

ITO IS b.) O.) La BEAR STERNS OFFICE SERVICING YOUR ACCOUNT Bea. Steams & Co. Inc. 383 Medium Avenue New York. New Yak 10179 3 ir Cash Flow Analysis "IS Puce Income Summary 7145 Puna0 'OR TO ant Opening Balance S244,955.43 U.S. Gen. Bond nt. 45,415.52 457,036.03 Securicks Soil 238,379,521.16 Govt. Agency lit 621,692.32 9.868.014.97 Corp. Bond Int 138.644.11 2.156.335.84 DMdexhAreerest 80634089 Credit Balance int. 988.14 2.010.60 Amount Credited 5237.186.261.25 Reverse RepurChaSe Int. 69.020.66 393.635.39 Securities Bought -238,520817.46 Total 5875.760.75 312.877.032.83 ii Owiderelsitnterest Charged Miscellaneous .177.712.91 .400.00 Bald Purchase Int. Margin int. Paid .17731281 0.00 -1.555.564.82 .2.023.40 Reptechase nt. Erp. -6,104.96 -223.899.19 C rn Amount Debited Net Cash Acdelty S-236.699.030.37 487.230.88 Closlrg Balance $732.186.31 Portfolio Composition CaslvCash Equivalent 732.186 Food Income 11.218,594 r Cash Balance Summary Omen C7OSN0 Total 311,950.780 EILOSEOCIN9- ANGS Margin 244,955.43 732.186.31 Net CashBalance 5244.955.43 $732,186.31 027 0'91,05 :39 19 101 came) n4toann rts nmotty onten SueslOWEY kit Urn Stolle) Carp. Ore Veratech Cott Win Roder. New Tot 11201.31$0 FINANCIAL TRUST CO INC STAlarxr IMMO DOCeTter 1.2004 TratOLCH DKenter 31. 2004 ACCOLM? muiete TNOANIR WOOER CO rib {AST STATnitYY Okuerter 30.2004 Cana Your Portfolio Allocation race tame 94% u..•aa< 'aloes ann. 0.61.Witne .at. mint" ww. nit aocoltri [swap, a aned ivrr he awe).* mark* i.e o erV MO* EFTA01320900

m C in r VILOSE00- 019- ANGS IS IJ La IJ BEAR STEARNS OFFICE SERYCING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madsen Avenue • York. New Yak 10179 4 of i. Your Portfolio Holdings CASH & CASH EQUIVALENTS DESORPTION CASH BALANCE TOTAL CASH & CASH EQUIVALENTS SruEIOUCUSP QUANTITY PleCE Watt( (STATED CLAW° VAIL1 ROAM 1110:04 'Inn on 732.186 S732.186 FIXED INCOME =ARAD TSINC404 RS Maar CrewED SvaDVARY Rea. beam Stones Cm. Cne UtnAch C Nosh tseekNn. Nye Vert lotn2asa FINANCIAL TRUST CO INC sTA/Esesr- "[moo DROMME 1.2004 TWCWN Doarnte 31.2004 ACCOa+T wag tkspArER %war" On Fie LAST ST ATPAPC ;Warty 30. 2004 Government & Agency Obligations DESORPTION STUD:VCRS. 1D l ME OUNIMY PRICE WNW SIAM ACCRUED INTERCO ESTROAIDD ANNUAL OCOLE CURRENT MID DEI FEDERAL HOME LOAN MTG CORP 31393FAF3 MRGN 15.528.072 9.7376 1.512.056 34.488 775.938 51.3168 SERES 2530 CUSS SE DATED DATE 10111402 BOOK ENTRY ONLY DUE 02/15/2032 4.997% FACTOR - .25880121 FEDERAL NOME LOAN MEG CCRP 31393W/86 MRGN 6.660.811 8.8299 588144 13.610 306,197 52.0616 SERES 2526 CUSS SI DATED DATE 10/01/02 BOOK ENTRY ONLY DUE 02/15/2032 4,597% FACTOR .25880120 FEDERAL NATIONAL MTG ASSN 3138FAL01 MRGN 3.787.124 83.3594 3.156.923 3 38 0.0012 STRIP MTG SUES 322 CL PO DATED DATE 03/01/02 BOOK ENTRY ONLY CUE 03/01/2032 .001% FACTOR - 1.000:00o0 FEDERAL HOME LOAN MTG CORP 313927662 MRGN 13.405.702 8.4119 1.127469 27.389 816.260 54.8490 SERIES 2483 Cl Sl DATED DATE 07/0202 8COK ENTRY ONLY DUE 03/15/2032 4.597% FACTOR . .21239523 CRS 01 /014440114 001 7047 EFTA01320901

BEAR STEARNS Ornct SERVO% YOUR ACCOUNT Bear. Steams & Co. Inc. 363 Mad6on Avenue New York. New Yolk 10179 5 at 14 Your Portfolio Holdings (continued) Government & Agency Obligations Cconurmorn OtSCISION SilASCLCL60, ACT 1171 etwany PROM MARKS VALK ACCRUED OVNINST CSTRMICO AMNIA trY,CAN LURK'S' Irra) OL. FEDERAL NATIONAL MTG ASSN 31393C2C6 IARGN 14.098.699 9.1979 1.296,788 10,769 646.002 49.8155 SERIES 2003.49 CLASS SW DAZED DATE 04/30.03 80014 ENTRY ONLY DUE 01/25/2033 4.582% FACTOR - .58003204 Total Goyernment&AgencyObligetIOns 57.681.580 586.258 52.344.435 -n Corporate Bonds C rn DESCRIPOON SYLIBOLCUSS ACCT DTI 0.10arTY PDC" NANDI VALE ALCOVED WREST ESINATED AWOL SCOW( 0.119INT MELD MO PAM MAE CMO7SERIES 2003-13 313927062 MRGN 27.982.611 12.6400 3.537.014 26.030 1.561,989 44.1612 S RCR.I0 FLTR DATED DATE 02/25/03 BO% ENTRY ONLY DUE 03/25/2033 5.582% FACTOR - .55965223 Total Corporate8onds 53,537,014 526.030 51.561.989 TOTAL FIXED INCOME 511.218.594 5112.288 53.906.424 r .LNICD 714SOUGH as wHa.LT °AWED SLISSOARr Ur. Downs Seortes CDR. Coe EKED)-Corm Matti Oi Net rat 11201.3559 FINANCIAL TRUST CO INC STATFJARNT PON.00 OWNS 1.2004 1NPIDN't DOCOvnber 31, 2004 ACCOUNT %OWED RATVAYER WARM 0n NA LAST STATENEW NalLNISTOr 30. 2004 STLOSE00- 019- ANGS I8 b.) IJ YOUR PORTFOLIOHOLDINGSACCRUED INTEREST $112.288 YOUR PORTFOLIOHOLDINGSESTIMATE0 ANNUAL INCOME 53.906.424 YOUR PRICEDPORTFOSIOHOLOINGS 511.950.780 027 ONOTOS:09 10 COI W367 EFTA01320902

MGM 'WOW., ITS mat", 0.240 Slatean 80tEZZOO- V.L.43 BEAR STURNS OFFICE SERVICING YOUR ACCOUNT Beet. Steams & Co. Inc. 383 Mason Avenue New York. New York 10179 6 « •m Repurchase and Reverse Repurchase Transactions with Bear,Steams& Co. Inc. outstanding as of date of statement Bev Awn Scent On OY Iltoor Censer 1l0.0 ran 11201.3869 FINANCIAL TRUST CO INC STATUS/ 4T PEF600 0604.1ter 1. 2004 7100A0.0 Dectmber 31.2004 ACCOUNT KA48E, TAXPAYER 0J10)(9 On Me LAST S'ArEmer Ncw-ber 30. 2204 R.CIAASE/ REDURDIASIE PRI218G START DATE DATE RAIZ WO S! Mai MINCH% AtailJED REPO 110ERESt• WWII?! 643E /MOUND OAP OtSCRIFDDN YOU PROVIDED FEDERAL HOME LOAN MTG CORP (MARGIN) 09/15104 OPEN 0.000 -50000.030 313927/32 SERIES 2488 CLASS SO 5.5975 03/15/32 0 z ii YOU SOLD (REPO) 10/12/04 01/10'05 2.260 YOU SOLD (REPO) 10/14/04 OPEN 0.010 -9.478.000 •1 -49.385 -50,000,000 -44.389,962 3128CVUG7 38374FCM4 FHLMC• STPJP PRINCIPAL ONLY GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-2 CLASS S 4.7931 01/16/34 C in YOU SOLD (REPO) 12/22/04 01/13)05 2.610 -2.500.000 -2.175 -22.100.000 38374F067 GOVERIOAENT NATIONAL MTG ASSOC SERIES 2004.5 CUSS P 4.540002120/33 z J YOU PROVIDED NAMPO 12/2204 OPEN 0.000 -21.900.000 38374FD87 GOVERNMENT NATIONAL MTG ASSOC saws 2004.5 CLASS P 4.5400 02/20133 YOU BOUGHT USTR 3.000012/31106 (REVERSE) 12131834 OPEN 1.420 75.000.000 8,875 75.000.0O3 912$280F4 r TOTAL REVERSE REPURCHASE TRANSACTIONS $75.000.000 38875 TOTAL REPURCHASE TRANSACTIONS 3.11.978.001 3.51.560 _ 9TLOSECIO IN9 ANGS 'As 0 stativnert dole 027 012211054118 COI 5167 EFTA01320903

0 -n rn r LILOSE00- IA19- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. bc. 383 Madison Avenue New York. New York 10179 CLEARED ~Coen as vi503.LY OWNED SutSCCARY Bear. Steams S•oåme Cow. Cat Meliacch ewer Nali eØ Mew yore 11101,3859 FINANCIAL TRUST CO INC Breen/85T 99.010 Docents 1.2004 Transaction Detail INVESTMENT ACTIVITY ~Ern mot OAIE OAR 181115ACTION DESO.TON Sisearcus• GUMMY N80~ 5Ce05/47 MSS, to,e9AKR re.ealni usr 811.13/10rt Of en AMOUNT OeCtente 31.2004 On Fie NOolifte. 30.2034 CPIDIT APSDUMI 12)08(04 PRINCIPAL FEDERAL NATIONAL MTG ASSN 3136FALQ1 -123.651 STRIP MTG SERIES 322 CL PO 0 07,1 DUE 0301/32 PRINCP AL REDUCTN 12-25-04 12/15/04 PRINCIPAL FEN. HOME LOAN MTG CORPPS02884 SEMES 218 CL PO 3128CYUG7 368.807.00 DUE 02/01/32 PRIN RID 1144 PM 12-1504 REPO P II I 0.0000 12/15/04 PRINCIPAL FEDERAL HOME LOAN MIG CORP 31392113E2 -374.568 SERIES 2483 CL SL 4, DM 03/1502 019_ PRINCIPAL RECUCTI412-15-04 12/15/04 PRINCIPAL FEDERAL HOME LOAN MUG CORP 31393FAF3 -481,479 SERFS 2530 CLASS SE 5.310 ME 02/15/32 PR1NCPAL REDUCTN 12-15-04 12/15/04 PRINCWAL FEDERAL HOME LOAN MEG CORP 31393F086 -206.532 SERIES 2526 CLASS SI 4.910 DUE 02415/32 PRINCIPAL REDUCIN 124544 12/23/04 12/22/04 SOW UNITED STATES TREASURY NOTE 912828009 -25.000.000 99.75000 24.937.500.00 DUE 11/302006 02.875% IAN 31 SPECIAL INSTRUCTIONS ACCR. INT. 45.415.52 YIELD 3 008 % TO MATURITY 61/ER RE, 103575065 A3 %WEB 12/27/04 PRINCIPAL FEDERAL NATIONAL MIG ASSN STRIP WS SERIES 322 CL PO 3136FALQ1 123,651.00 0.001 DUE 0301132 PRINCIPAL PAYMENT 1225.04 12/27/04 PRINCIPAL FANME MAE CMO/SERES 2003.13 31392/082 -603,803 S RCR40 FLTR 5.820 DUEAL 034503 NW, REOUCTN 12.25-04 027 01/01.05:0911 Wt VOW EFTA01320904

=JAW InteuGn fl *wow Eat StaSIDaRy 0 I tfra ZOO- Vida BEAR STEARNS OFFICE SERVICING YOUli ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Menus N eY Y 10179 8 au Transaction Detail (continued) INVESTMENT ACTIVITY (continua& SETROADFT Mt! OAR OAR tendSCION DESCOPTION STIMO-CUSIP OUMIMY IMF 12127/04 PRINCIPAL FEDERAL NATIONAL MTG ASSN 31393C2C6 -304.219 SERIES 2003-49 CLASS SW 4,820 DUE 01 /25/33 0 12/30/04 12/29/04 BOUGHT PRINCIPAL REDUCTN 12.2544 UNITED STATES TREASURY NOTE WE 11/30.2006 02.875% MN 31 SPECIAL INSTRUCTIONS 912828009 25,000,000 ACCR. NT. 99.59375 YEW 3,094 % TO MATURITY -n 12/30/04 12/29/04 BOUGHT GVER RU Le 63544702 61 1W/E8 UNITED STATES TREASURY NOTE 912828009 50.000.000 99.59375 C in 12/316)4 12/29/04 SOLD DUE 11/30/2006 02.875%. LIN 31 SPECIAL INSTRUCIENS YIELD 3.094% TO MATURITY GVER REF 163644702 A3 %WEB UNITED STATES TREASURY NOTE 912828064 ACCR. MT. 45,000.= 99.76139 12/3 03.0S0% JO 30 DUSPEC IAL I E NS TRuC 112008 MU) 3,124 870).4%8mn i CAR REF • 63644700 83 YAWS 12/31104 12/29.04 SOLD UNITED STATES TREASURY NOTE 9128280F4 -50,000,000 99.76139 r _ WE LOSE00 IND ANC'S 12/31/2004 3. SCuE PEaAL resTRucn0oNS003% JO 30 YIELD 3.124 %10 FAARIRITY CVER REF a 0164 4 ?CO AS ?AYES Oen. an Saute Cop. ON Manach TAM Eiroahn et at 20 -31150 FINANCIAL TRUST CO INC STATEFADIT PECe00 Detente 1.2004 •wtsm Deeente 31. 2004 ACCOunT TAIMAYER noun, On Fie LA$T SFAFEI4Va NOWM044 30.2004 efAC ;Ate° 011ea AlIOLP41 24,898,437.50 59,237.64 49.796.875.00 118.475.27 24.940.347.50 49,880,695.00 TOTAL S-74.873.025.41 $100.296.416.02 INTEREST DATE OlISCRIDOX SnalOUCUSP oumarr RUE Og OM MaCall CAM MOUNT 12/01/04 AVG BAL 405.430RT 1.280 425.84 021 OFFICE MEREST 1104 023 0101/06.10000 001 14107 EFTA01320905

I In:Z.-COO-Via 0 0 m C in r 6TLOS£00 IN9 ANDS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams .1 Co. Inc 383 Madison Avenue rk 10179 Transaction Detail (continued) CLEARED ThAOJCM ITS LWOW" OVOCC SURSELARY BUT Sten Sans CND One Meuctath c4/1:. Aber fir"Mn. Mom YD. 1120/4858 FINANCIAL TRUST CO INC STATEIFIVT PCMOD December 1.2004 THROuCAL December 31. 2044 ACCOUNT MAYER TAATTAVER TEASER On Fie INTEREST (contInts0 LAW STANDOENT 140•11MINI 30. 2004 DAN Runt ETPAIOUCUSIP tummy WE 04 DEBT Weal CRUM MOM 12/15/04 FEDERAL NOME LOAN MTG CORP SERFS 2483 CL SL 31392T6E2 4.9100 56484.27 DUE 03/152032 4.910 INTEREST PAYMENT 1245414 12/15/04 FEDERAL HOME LOAN MEG CORP SERFS 2488 CLASS 50 31392T132 5.9100 58.926.32 WE 03/15/2032 5.910 KT RA 11-04 RD 12-15-04 REPO P II I 5.9100 12/15/04 FEDERAL HOME LOAN MTG CORP SERIES 2530 CLASS SE 31393013 5.3100 70.842.27 OUF02115/2032 5.310 INTEREST PAT/WIT 12-15-04 12/15/04 FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI 31393FG86 4.9100 28.098.88 DUE 02,16/2032 4.910 INTEREST PAYMENT 12.15.04 12/16/04 GOVERNMENT NATIONAL MTG ASSN SERIES 2034-2 CLASS 58 38374FCM4 5.0980 173.322.19 DUE 01/162034 5.098 Pa PAD 12-04 /0012-15-04 REPOP&I 5.0987 12/21/04 GOVERNMENT NATIONAL MTG ASSN SEWS 2034-5 CLASS PS 38374F067 4.5400 176.366.67 WE 02/222033 4.540 NT RiD 11-04 PA) 12-20-D4 REPOP&I 4.8100 12/27/04 FANNIE MAE CMO/SERIES 2003-13 $ RCR-VO RTR 31392JDK2 5.8200 138.644.11 DUE 03252033 5.820 141txt.st PAYMENT 12-25-04 12/27/04 FEDERAL NATIONAL MID ASSN SERIES 2003-49 CLASS SW 31393C2C6 4.6200 57451.72 WE 0125/2033 4,820 INTEREST PAYMENT 12-25-04 027 0101/061014 001 VDS7 EFTA01320906

=ARCO TNRCUSH wyCLI. OANED SUSSOPAV -n C in r OZLOSEOCIA19- ANGS I8 IJ V.) IJ BEAR STEARNS OFFICE SERVICING YOUR ACO3uVr Real. Stearns & Co. Inc. 383 MaEsces Avenue New York New Yak 10179 10 Cf•4 Transaction Detail (continued) INTEREST (cant:wed) DATE MISCSIPT* 12131104 AVG EIAL 475.28ERT 1.374 562.30 021 OFFICE MEREST 1204 TOTAL 5761 .324.57 STASO-CLRIP SSW SteMi SWAM CM. DAN wear° Grey loll emert tem Yon 112014455 FINANCIAL TRUST CO INC STATEMENT PE December 1.2004 DISOWN Dweifew 31.2004 ACCOUNT MOSER TAIDAATET DOWISet On tie LAST STATEMENT MOrMnbel *2004 TAMan. RAT TO CENT WOW CREDO /MOUNT REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear, Stea mS8 Co. inc. SETTLEMENT TRADE DATE OATE TRANSACT* DESCRIED* SWAKtCUSIP ClummrT OM MOUNT OMNI AMOUNT 12/13104 JOURNAL GOVERNMENT NATIONAL MTG ASSN 38374F087 -44.000.000 3.186.000.00 S.81 ERIES0 OM 20004-520 CUSS PS 4 2/ /33 FUN F3483178 Al REPO AGREEMENT 12/13104 JOURNAL GOVERNMENT NATIONAL MFG ASSN 38374F097 44.000.000 3.260.000.00 SERIES 2004-S CLASS PS 4.810 DUE 02/20(33 FITM F3293248 AZ TERM REPO AGREEMENT 12/13/04 JOURNAL GOVERNMENT NATIONAL MEG ASSN 38374F067 -44,003000 5.186.000.00 HIRES 2004-5 CUSS PS 4.610 DUE 02/20/33 rum F3483178 Al REPO AGREEMENT 12/13/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN 38374F087 44.000.000 5,188,000.00 SERIES 2004-5 CLASS PS 4,810 DUE 02/20/33 WM F3483178 A2 REPO AGREEMENT 12113.04 INTEREST GOVERNMENT NATIONAL MTG ASSN 38374087 4,028.10 SERIES 2034-5 CLASS PS DUE 02/2012033 4.810 HIM F3293248 AZ REPO INTEREST ov 0101106/0915 031 54/17 EFTA01320907

EIVEZZOO- V.L43 E I 0 m r _ TZLOS£00 IN9 ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 MadLscn Amnue New Y N Y 10179 11 au Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SMIDAEPrt TRADE OAR OM MANSICTKIN DESCRPTON 12/22/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN MATES 2C0 PS 4.540 DUE 02/ 20133 1111A F3573210 Al REPO AGREEMENT 12/22)04 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 4.540 DUE 02/20/33 FIDA 13573208 Al REPO AGREEMENT 12122/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERI 2004-5 PS 4.54ES 0 DUE 02/20/3 CLASS 3 FITM 13483178 AS TERM REPO AGREEMENT 12/22/04 INTEREST GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS DUE 02/202033 4.540 RIM 13483118 Al REPO INTEREST 12/23/04 DELIVERED UNITED STATES TREASURY NOTE DUE 11/302006 2.875 2,875 DUE 11/3006 FITM 13350625 A2 TERM RESALE AGREEMENT 12/23/04 RECEIVED UNITED STATES TREASURY NOTE DUE 111302006 2.875 2.875 DUE 11/3006 ITEM 13580822 Al RESALE mmcrimM 12/23/04 INTEREST UNITED STATES TREASURY NOTE DUE 11/30/2006 2.875 ITIM 13350625 A2 RESALE INTEREST 117.11O.O.112P OlVIIIIV OMIT AMOUNT 383741087 -21.900.000 383741087 .22.100,000 383741087 44,000,000 3,186,000.00 383741087 2.078.B6 9128280D9 -50.000.000 912828009 75,020.003 75.187.500.00 912828009 CLkAMD mitouCe. RS W00X OWE= SESSCEARY but Sam Serves Cep. Ceelbotorat Galt( /1011 Broebe. Nee Ton 117014459 FINANCIAL TRUST CO INC STilrzerera Of R103 Detente 1. 2004 TkR00011 Detente, 31.2054 ACCCEATT NIAMER TAXPAYER KAISER O1N* LIST STA1Tunr, November 30.2004 MIXT Meat 2,500,003.00 50.000003.00 49,597.22 OP 01.01/05041111 001 VO61 EFTA01320908

En IS IJ IJ -n C in r ZZLOSE00- 019- ANGS BEAR STEARNS OFFICE SERviceNG YOUR ACCOUNT Beer. Steams & Co. Ix. 383 Mad son Avenue 12 au Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continue SITTIDAINT Ma OATS DATIL FIMMACIMPI OESCIDTKot SYMIKAICUMP GUMMY OWl UMW! Ca AMOUNT 12/30/04 12/3004 12/31/01 DELIVERED MEREST RECEIVED UNTIED STATES TREASURY NOTE DUE 11/302008 2075 2,875 DUE 11/3008 EITM E3580822 1.2 TERM RESALE AGREEMENT UNITED STATES TREASURY NOTE DUE 11/3012005 2.875 RIM F3580822 A2 RESALE INTEREST UNITED STATES TREASURY NOTE DUE 12/31/2008 3.000 3.000 DUE 12/31/06 env F3860898 Al RESALE AGREEMENT 912828039 912828009 912828014 -75.030.000 75.000.000 75.000.000.00 75,187,500.00 10.12111 TOTAL 5.161.825.601.96 5136.120520.86 MISCELLANEOUS CLL.= INROuGm ITS vm4OLLY OveK0 SUSSOART bro. Wan Swims C4M. Ore itoroudi Cats Mtn Niro era 20 2119 FINANCIAL TRUST CO INC STATEMENT PERCO Detente 1.2004 1101000.1 Cecembe 31. 2004 NYOLen moats TANPANTR loan Crt Fae LAST STATcycNT NDwmbM 30.2001 art (COAT TtANSACTON A SCRPTICA OM' Mann C21134 WOW, 12/15/04 JOURNAL TOTAL S-400.00 NOV Oa SPEC CLEARING FEES 400.00 027 01,0101.09 Is 001 v.57 EFTA01320909

0 z m C in z r EZLOSE00- 019- ANGS I8 IJ IJ BEAR STEARNS DUCE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Macloon Avenue Now York. New Yak 10179 73 • Trades Executed Pending Settlement !MOW MCC OAR TR/MACON cestseencw 01/20105 1205/04 BOUGHT WAPItO nayousn ITS vat.LY OesICO SULISICUSY flee. - Sins Cup. Cry IA•ktitch Ci Mot &coo)" Mn 'tart 11201-38S9 FINANCIAL TRUST CO INC STAMAINT PERM DeCtenbe 1,2004 1/0001 Otters:cc 31. 2004 Accown rotate TAXPAYEll klIkIM On Tie LAST STA/DWIT November 30. 2004 SVISCUCUSIP aWainiv neeE CENT Amain MOO MOAT GNMA-30YR(GNMA)GTD 5481673 7.000.000.00 102.3515 7.164.609.38 SETT.01/05 DUE 01/152035 06,500% 0987797115332 RU 0 2004121557020003 85 01/20/05 12107/04 SOW GNIAA-30YR(GNMA)670 SA21673 -7.000.000.00 1013687 7.137.812.50 SUT.01/05 DUE 01/15/2035 05.500% 09E/7031317332 RU 0 2004120757310000 BS 01/20/05 12/07/04 BOUGHT GNMA-30YR(GNMA)GTD 5031743 100.00,000.00 µ 103.5468 10,354,687.50 SE11.01//05 DUE 01115/2035 05.000% 0987031317332 REF 12004120757760000 BS 01/20/06 12/15/04 SOLD GNMA-30YR(GNMA)GTO SA81743 40,000,000.00 103.5937 10,359,375.00 SET7.01005 DUE 0105/2035 06.000% 0987797115132 REF • 2004121557036000 ES 02/10/05 12/16/04 BOUGHT FNMA 30YR GTD 5A$1912 10,000,000.00 103.0312 10.303.125.00 SETT. 02.05 WE 02/01/2035 06.030% 0987031317332 REF 0 2004121657320000 85 02/1005 12/30/04 SOLD FNMA 301RGTO SA81912 -10.000=030 102.9843 10,298,437.50 SETT. 02105 DUE 02/0112035 06,000% 0987280211332 RU 0 2004123057220003 BS 02/15/05 12/30104 BOUGHT FN/4.1.15YR(FNMA-15)GTD SA82209 11.000000.00 102.9765 11,327,421.88 SE17.02.05 DUE 021012020 05.500% 09872(0211332 REF s 2034123057230000 BS 027 OI/Oli06.0,18 COI VOIR EFTA01320910

-n C rn r VZLOSE00- 019- ANGS BEAR STEARNS ornct SERVICAG YOUR ACCOUI;T Bear. Steams & Co. M. 383 Madison A',e'ue New York. NEV. '• '0179 Trades Executed Pending Settlement (continued) St7R13.041 TRW( CAN DATE TIUMACT1301 DESCRPT011 02/15105 12/16/04 SOLD SneBOLC050 °JARED 11910utli ITS led•Okre Om= Suf*OARY Mac Sinims Secants Om 0-4 Renown Gen Wet, lit* Yen 11201.3440 FINANCLL TRUST CO INC GUMS/ PERCO Occembe 1.2004 THROUGH December 31. 2004 ACCOLW Mama Thanvelt Nugent On Fee vat aTATtuorr Iknernber 30. 2004 RUMMY elbef can mown at DO WOUVI FNIAA•15YR(FNMA45)GTD 5A82209 •11.000.000.00 103.1093 11.342.031.25 SETT.02/05 DUE 02)0112020 05.500% 0987031317332 REF • 2D:41216573300W 85 TOTAL 539149.843.76 539.137.656.25 ecm. &se. as -et arc> es-, ors nee, of rA interns- STOP End of Statement 027 01.01/05.00 le CM Yl4S7 EFTA01320911

Ln I8 b.) IJ BEAR STEARNS °MEE SERvCING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Morison Avenue New York. New Yak 10179 ACCOUNT EXECUTM GNMA GOVT BONO VISIT OUR Main emyttreanteams.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail 7 0 TZ E I C in Your Portfolio at a Glance TOTAL VALLE CY SECURTTES 1146 PERIOD 11.635.695 Market Value of Your Portfolio Cash & Equi.aent 5244,955 $334.039 LONG ACCRUED INTEREST 110415 FatE 51V 58 .6381 59 95 $ NET CREDIT BALANCE 244.955 I n arm market value r NET EOuiTY THIS PERKO NET TOUITY LAST STATEMENT 511.991.065 12,027.839 WI LSE statements market vela CRANE& SINCE LAST STATEMENT -36.774 IIIelllefeletllll I I FINANCIAL TRUST CO INC CIO JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 SZLOSEOCIA19- ANGS There are no 'Stop Loss' ceders or other pending buy or sell open orders on file for your account. CtS.MCO art042321 ITS Wo400.Y OM,CO SISSIOVar Bar SW. SeCLrflazi Cap. One Varcritth Cara were &war. New Vol 11201-3132 FINANCIAL TRUST CO INC STAMP(' Person October 30. 2004 traCtrair November 30, 2004 at& Pa PUMP lamnit Karla Oil% LAST STATtgera 0000el 29.2004 SIN The Melly a I papaws eat 1 is ed ninon'ilia 00arreeS. The arena onas a nnaaro kI yawner's Set reetrae siee h, went mIt-ainn 027 2.0/ 04..! 42 001 ‘10.5A EFTA01320912

CLEME.9 THROW,. a! W4OUV 0Afa 11.510IA1re Sex. Stem Secknnel Co9. Coe Metsotan Corby Not &oak i. va Von 11201.3559 FINANCIAL TRUST CO INC rn IS IJ IJ -n z C rn z -H r 9ZLOSEOCIA19- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 027 12.0,04 `411 007 4165A EFTA01320913

BEAR STEARNS SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New York. New York 10179 3 a . 5 Cash Flow Analysis POOOD Income Summary Thl$ KOZO 114410 0101 Opening Balance Securides Sold S334,039.38 238.130.859.91 U.S. Govt. Bond Ia. Govt. Agency kit. Cap. Bond Int. 36,256.91 677,473.11 147,441.74 411.620.51 9,246,322.65 2,017,691.73 0 Dividends/interest 881.56899 Croat Balance Int. 0.00 1,022.46 0 Amount Credited Securities Bought 5239.012.429.90 -238,871,224.78 Reverse Repurchase kit. Total 72.266.51 5933 438.27 324.614.73 512,001,272.08 TZ -230.189.07 Bond Purchase IN. -209,538.14 .1377,851.91 Dividends/I Charged i t Miscellaneous -100.00 movn IN. Paid -252.70 -2,023.40 C Amount Debited S-239,101.513.85 Repurchase Int Exp. -8.708.90 -217.794.23 rn NE Cash Activity -89.063.95 Closing Balance 5244,955.43 Portfolio Composition Cash/Cash Equivalent 244.955 Feed Income 11.635.695 r Cash Balance Summary 090.ING CLOSING Total 511,880.650 Margin 334.039.38 244,955.43 Net Cash Balance S334.039.38 5244.955.43 LZLOSE00- 019- ANGS Or/ 1401124.14 42 OW 0.1JutE0 DIROutal ‘410.1. Owe.° Sue: muff Boar —% &oxbow C.n. One Metreugh c Kali Orzothn. Stu York 112014859 FINANCIAL TRUST CO INC STATElatir 04.4C0 Odther 30. 2004 notOUOil NOverter 30. 2004 44C0ton MAIM TAXPAYER KRIM LAST STATIVENT On Fie October 29. 2004 Your Portfolio Allocation PSI & Equiralen4-, 2% — Filed Ircorno 98% UM1.11.0.1 wive OeVis 4.44 tNt. anzito ear •rati vita Th. /11:0Cake %IMAM. la tuna to L itRolla mail vas ”to onbi43 EFTA01320914

0.EAREO 11690609 rTS V99O6, 09920 $44.9OAliv -n C in r KLOSE00- 019- ANGS 8 IJ IJ 07 IJ BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. SWIMS & Co. Inc. 383 Madsen Ayen...A New Yak. New. vc • L‘179 N'5 Your Portfolio Holdings CASH 8 CASH EQUIVALENTS Bar Loans Smears On. 0.9 Metrtenn CerMr 79:69 Broil . Loa Yen II201.3159 FINANCIAL TRUST CO INC STATE...O 99.000 October 30.2006 94409004 Ncrerrte 30. 2034 Alm WI MAMA TAXPAYER Noway. On Foe LAST rArmee October 29.2006 0250290311 SANS per, MARCO MU! LSTIAMED 811104 MOVE CURLEW YEW 04 ES11983ED ROCK WOK 090100 MID OD CASH BALANCE 244.955 TOTAL CASH & CASH EQUIVALENTS 1244.955 FIXED INCOME Government & Agency Obligations DESOZMN SaSIOUCL6a ACV rat OLWITITI MCI IMMO WW2 ACCROID NW= FEDERAL HOME LOAN MTG CORP SERIES 2530 CLASS SE DATED DAM 10/11102 BOOK ENTRY ONLY DUE 02/192032 5.310% FACTOR • .26682586 FEDERAL HOME LOAN MTG CORP SERIES 2526 CUSS SI DATED PATE 100102 BOOK ENTRY ONLY DUE 02115/2032 4.910% FACTOR • .26682585 FEDERAL NATIONAL MTG ASSN STRIP LNG SIRES 322 CI. PO DATED DATE 03)01102 BOOK ENTRY ONLY COE 03/01/2032 .001% FACTOR • 1O0020003 FEDERAL HOME LOAN MEG CORP SERIES 2483 CL SI DATED DATE 070202 800K ENTRY ONLY OUE 03,15/Z032 4.910% FACTOR - .23888857 31393FAF3 31393FG86 3136FAL01 3139203E2 MRGN MRGN IARGN MRGN 16.009.551 6.887.343 3,910.775 13,780,270 9.8266 8.8980 81.9844 8.4914 1.573.192 611.058 3,206,224 1,170,134 35.424 14.050 3 28,191 850.107 337.187 39 676.611 54.0371 55.1809 0.0012 57.8234 047 12931.04:1412 001 MS. EFTA01320915

0 I I C rn r 6ZLOSEOCIN9- ANGS I8 IJ IAA IJ IJ BEAR STURNS OFFICE SERYCING YOUR ACCOUNT Beer. Stamm & Co. Inc. 383 M.30503 MOM New YO4 New Verk 10179 5 ce Your Portfolio Holdings (continued) Government & Agency Obligations (con0nued) DESCNEMON SYSOOLCUS. nR ouvany PM WRIST WILY *WSW MIRES, LSIIIIATED NOM, MOWS CURRENT taw t FEDERAL NATIONAL 1.176 ASSN 31393C2C6 MRGN 14,402.918 9.8728 1,421.966 9.642 694,221 48.8212 SERIES 203349 CLASS Sw DATED DATE 04/30/03 BOOK ENTRY ONLY 5/ FACTOR - .5923 54784.8420% Total Government& Agency Obligations 57.982.574 587.310 52.558.165 Corporate Bonds ACC ACCIMO MUM 074:1047 Of SCSIPM4 SMICSCLSI7 flit 000NREE PRIC1 MAW MIX DIMS! AMYL MOW YEW MU FANNIE MAE CM0SERIES 2003.13 31392)01(2 MRGN 28.586.414 12.7792 3.653.121 23.105 1663.729 45.5427 RCR.9O FUR OMED 0212 DATE N1RY 8008 E ONLY DUE 0 5/2 3/2 033 5.820% FACTOR . .57172828 Total CorpOrate6cnds 53.653.121 523.105 $1,663,729 TOTAL FIXED INCOME 511,635.695 5110 415 54,221 894 CLEARED TIMM ITS mOLCI °MED SUSSOMY eta. Stem Smite Cap Oro waxed, Cotter NeM Moon Mat Tot 11201410 FINANCIAL TRUST CO INC STA1O PEASCO CMS! 30, 2004 MECUM Natenter 30. 2004 ACOMO YUMMY MAIM CO lie LMT STAMMT OcitSIt 29.2004 YOUR PORTFOLIOHOLOINGSACCRUED INTEREST YOUR PORTFOLIONOLOINGSESTIAATEO ANNUAL INCOME 5110.415 54.221.894 YOUR PRICEDPORTECtIONOLDINGS 511.880,650 027 12471 /04.1 4 42 COI VOW EFTA01320916

CLEARS') PROUGH rte ‘111OLL2 020821) sweet/-w BEAR STEARNS OFFICE SERVICING VVUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New York NEM YCCk 10179 6 of S Ow. Stews SeCLMA-1 CUD. Cr* leivtiech Caw cTh km von 11201.3869 FINANCIAL TRUST CO INC STATate Plrec0 ectoter 30.2004 Repurchase and Reverse Repurchase Transactions with Bear, Steams& Co. ine.outstanding as of date of statement Fuk04241/ fiENRCHASE PRONG PUROUSE PROM ACCRED REPO WM DATE 0Alt WI PRI8094 188tittS11 01181/21TY RAU Al.920140 OAP "at:UGH no.ember 30.2004 ArC0.8a ranSIER ThAPAYER WIRIER On Fie LAST STATPENT Ctlober 29. 2004 00.2111181011 YOU PROVIDED FEDERAL HOME LOAN AEG CORP (MARGIN) 09/15/04 OPEN 0.000 40.000.000 313927/32 SERIES 2488 CLASS 93 5.910001/15/32 0 YOU SOLD (REPO) 10/12/04 01/10/05 2.260 -9.478.000 .29.750 40.000,000 3128CVUG7 FHLMC• STRIP PRINCIPAL ONLY -n YOU SOLD GOVERNMENT NATIONAL MTG ASSOC (REPO) 10/14/04 OPEN 0.010 -1 44.389.962 38374FCM4 SERIES 2004.2 CLASS S 5.0987 01/16(34 C rn z YOU SOLO (REPO) 11/24/04 12/13/04 2.340 YOU BOUGHT -3.260.000 -1.483 -44.000.000 38374F087 GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-5 CLASS P 4.8100 02120r33 USTR 2.875011/30/06 (REVERSE) 11/30/04 OPEN 1.650 50.000.000 2.291 50.000.000 912828009 TOTAL REVERSE REPURCHASE TRANSACTIONS 550.030.000 52.291 TOTAL REPURCHASE TRANSACTIONS 1.12.738.001 5.31,233 mw Ctlet• r OELOSE00-019-ANGS EFTA01320917

En IS IJ IJ IJ C) -n C in r TELOSEOCIND- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams 8. Co. Inc. 383 Madison Avenue New York. New York 10179 7 ye , s Transaction Detail INVESTMENT ACTIVITY StIltaiorr OAR 11/03/04 num OAT! ut/NRC/ICN 11/02/04 SOLD CCSORPMN UNITED STATES TREASURY NOTE DUE 10/31/2008 02.503% AO 30 0988018192099 VELD _,2 605 %TO MATURITY OVER REF G3071010 Al syvecteusP *AWRY 912828CY4 -25.000,000 PIECE 99.79688 MGR. M. PLAID MCAT ifs MOLLY Owe f. WRY NE. Simms Sanas en DY Miumath C— low 1120141SE FINANCIAL TRUST CO MC STATEMENT PERIOD Octobot 30.2034 NEMO, Ncrett/ 30.2004 ACCOu.rt hove= TAA,Avra Amen On FR LAST STAineit 0,30be, 29.2°04 COE AMOUNT CREDIT MOW 24.949.218.75 5.17956 11/03/04 11/02/04 BOUGHT UNITED STATES TREASURY NOTE CUE 09/30/2008 02.500% MS 31 0988016192099 YIELD 2.584% 10 IMTURITT OVER REF • G3071014 Al 912828CY/8 25,000.000 99.84375 24.980.937.50 ACCR M. 58,379.12 1105/04 PRMCPAL FEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 Cl. PD 0.001 DUE 03/01132 PRINCIPAL REDUCIN 11.2541 31313FAL01 .130.707 11/10/04 JOURNAL FANNIE MAE CMO/SERIES 2003.13 S RCR-N3 FUR 8087 DUE 03/25/33 31392/052 1 11112/04 11/08/04 SOLD FEDERAL HOME LOAN MTG CORP SONS 2471 CLASS Yr DUE 01/15/2032 0100011 0987797115332 RU 2034111258010003 B$ AS OF 11/08004 31392R6U0 -12.238,935 2.68750 ACCR. INT. 328,921.38 9.179.20 11712/04 11/013/04 SOLO FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS Yr CUE 03/1512032 01.000% 098779711 REF 2C0451112 33256070000 8S AS OF 11/08/04 31392R6U0 -12.238.935 2.68750 ACCR M. 328.921.38 9,179.20 11/12,04 1015104 BOUGHT UNITED STATES TREASURY NOTE CUE OW15/2007 02.750% FA 15 09882130293099 YIELD 2.758 % TO MATURRY OVER REF • 03171013 Al ORIGINAL SD 10/18/04 AS OF 10/15101 • 912828CR9 15.000,000 99.97656 14.996.484.38 ACCR. INT. 71,739.13 037 iVOIAM:14A2 COI VIES/ EFTA01320918

BEAR STURNS OFFICE SERI/ICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New York. New York 10179 a e•s Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETRO/00 MAO( CEA DMZ ITANTACT*4 COOSTMEN =MUCUS, 11/15/04 PRINCIPAL FEDI. HOME LOAN IMO CORPOS02884 31280/007 SERIES 218 CL PO DUE 02,01/32 PRIN WD 10-04 PO 11-15-04 REPO Pal 0.0000 1115104 PRINCIPAL FEDERAL HOW LOAN MTG CORP 31392T6E2 SERIES 2483 Cl. St 4.910 DUE 03/15/32 -n 11/15/04 PRINCIPAL PIENCPAL REDUCTN 11.15-04 FEDERAL NOME LOAN MTG CORP 31393FAF3 SERIES 2530 CLASS SE C rn 11115/04 PRINCIPAL 5.310 COE 02/1802 PRNCWAL REDUCTN 11-15-04 FEDERAL HOME LOAN MTG CORP 4.rowS 2526 CLASS 54 31393(086 4.910 DUE 02/15/32 PRINCWAt nunti 11-15.04 11/18/04 1117,14 SOLD UNITED STATES TREASURY NOTE 912828CY4 DUE 10/31/20243 02.500% AO 30 098800%06099 YIELD 850 MATURRY DOVER RE/ • G3221005 Al r 11/22/04 11/22/04 SOLD NT USW 21 9128=09 8141885 CUE 11/30/2006 02,875% MEN. AS & IF ISSUED 0988018192099 YIELD 2.980%TO MMURffir GVER REF a 63271032 Al 11/23/04 11/22/04 BOUGHT UNITED STATES TREASURY NOTE 912828CY4 ZELOSE00- 019- ANGS I8 IJ IJ IJ OLEMEO TNECNEel NAOS? OWNED RAISOMRY Ent SWIrni SeCONS Cap. OR Meroisch One NONA Mi l ase at 20 MN FINANCIAL TRUST CO INC STATEMENT PERIOD Oda& 30.2004 INROUON No•ambor 30.2004 AO2CANT SUMER TAXPAYER miumot On No LAST STATOCNT Odoeur 29.2004 OUPMFIY 111a Nair =art CRON Amawn -434.132 337.310.00 -440.388 -188.897 -25.000.000 99.33984 ACCR. INT. 24.834.960.94 31.077.35 40000000 99.79760 50000000 99.17969 49.589.844.00 DUE 1031/2006 02,500% AO 30 ACCR. INT. 79.419.89 0988016192099 YIELD ,2 938 %TOMATURITY OVER REF • 0327102$ Al 4a7 12501.34:14:42 COI yew EFTA01320919

m I8 b.) V.) V.) 0 0 1 1 C in r EELOSEOCIND- ANGS BEAR STEARNS Calla SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New York New York 10179 9 or .> Transaction Detail (continued) INVESTMENT ACTIVITY (continued) srmatert DATE OAT( TRANSACTION DESCRPTITIR STIOCIJOJW auiNnw PRICE DWI AJADJX! CREDIT AARTIRO 11/23/04 11/22/04 WI USTR 2Y 8141885 50.000,000 99.79760 912828009 CUE 11/30/2006 02.875% WHEN-ISSUE RESCINDED 0988016192099 YIELD 2.980%TO MATURITY TO al PREVIOUS SELL 11/26104 PRINCIPAL FEDERAL 'NATIONAL MTG ASSN 3138EALCI1 130,707.45 STRIP MTG SERIES 322 CI. PO 0,001 DUE 0101/32 PRINCIPAL RAIMENT 11-25-04 11/28/04 PRINCIPAL FANME MAE CMO/SERIES 2003-13 313921DIC.2 473,881 S RCR.V0 FUR 6,881 DUE 03/2543 PRINCIPAL REOUCTN 11.25-04 11/28/04 PRINCIPAL FEDERAL NATIONAL MEG ASSN 31393C2C6 -289.143 SERIES Z003-49 CLASS SW 5.881 DUE 01/25/33 PRIWWAL MOULIN 11-2S-04 11/30/04 11/22104 SOLD UNTIED STATES TREASURY NOTE 912828009 -50.000,000 99.79760 49,898,797.50 DUE 11130/2006 02.875% MN 31 0988016192099 YIELD 2,910 % TO MATURITY GVER REF 0 63271032 AS AS Of 11122104 TOTAL S-89,756.804.02 5100,863,458.71 INTEREST OAR DLCCRPTION SYWOLICuSir WARTRY RATE RD DWI AMOUNT CROW mann 11/01/04 ANGINA 684,53ORT 0.428 252.70 021 CAME INTEREST Tom ••••• 027 12.01104.1442 001 SSA WOOED nona.011 m varrOLLY OwrolD StAlaWAITY 84or Tars Stones Ca,. 1.10nurch Croy MOM Ms Tort 11201.3859 FINANCIAL TRUST CO INC STATEMENT PER00 OCIODD 30.2034 110000.4 NOTtorbeT 30.2004 ACCE4PIT TA.ATIA-R TAXPAYER µ/0ER On FT. LAST sTATYRERT Oaceer 29. 2004 EFTA01320920

En I8 IJ H.) H.) 0 -n C in r PELOSE00-019-ANGS BEAR STURNS OFFICE SERVICING YO,JR ACCOUNT Seer. Stearns & Co. Inc. 383 MadrSon Avenue Now York. Now York 10179 10 e•.5 Transaction Detail (Continued) INTEREST (cceltinued) CLEARED WRIOUGH ITS witty 004403 SIAIRCVAY law. Sewn Stoats ORR DN 14anter.b C4n1v Wei Ircoltr. Na volt 11201.3140 FINANCIAL TRUST CO INC stemma PERKO Octoter 30.2004 THROUGH Nenernber 30.2004 ACCONT NURSER THRPHYDI mimed On Fie UST STATERENT OCtOter 29.2004 OAtt C(30ISTION SYMIOUCISP apeaw. RAIL IN .0.93LW MOO Avow 11/15/04 FEDERAL TICATE LOAN MTG CORP 313920500 1.0000 20.39923 SEEMS 2471 CUSS Yt DUE 031152032 1.000 INT R/D 10-04 ND 11.1504 REPO P 4 I 1.0000 11/15/04 FEDERAL HOME LOAN MTG CORP 31392T6E2 4.9100 80.788.57 SERFS 2483 Cl. St. DUE 03/15/2032 4.910 INTEREST PAYMENT 11-15-04 11/15/04 FEDERAL HOME LOAN MTG CORP 313921/32 5.9100 62.938.37 SERIES 2488 CUSS SC) DUE 03/15/2032 5.910 PIT RID 1004 P/011.1544 RCMP al 01307 11/15/04 FEDERAL HOME LOAN MTG CORP 31393FAF3 5.3100 75.806.71 SERIES 2530 CUSS SE DUE 02/15/2032 5.310 INTEREST PAYMENT 11-1504 11115/04 FEDERAL HOME LOAN MTG COPP 313931936 4.9100 39165A2 SERIES 2528 CLASS SI WE O2/15/2032 4.910 INTEREST PAYMENT 11.15.04 11/16/04 GOVERNMENT NATIONAL RTC ASSN 38374FCM4 5.3110 182.594.29 SERIES 2004.2 CUSS SR OUE0111V2034 5.311 NT RA) 11-04 MD 11-18-04 REPO P I 5.3112 11/17/04 FEDERAL HOME LOAN MPG CORP 31392R6U0 1.0000 20.39923 SOO- 2471 CLASS Yr CITE WITS/2032 1.000 REV ENTRY NO 11115 11/22/04 GOVERNMENT NATIONAL MTG ASSN 38374FDB7 5.0400 184.80100 SUES 2004-5 CLASS PS DUE 02/2012033 5.040 en RA7 10-04 PAT H-2004 REPO P aI 5.0400 027 12.0104.14:42 001 SSA EFTA01320921

rn 8 IJ IJ IJ z m C in z r SELOSE00- 019- ANGS BEAR STEARNS OFFICE SERWCWG YOUR ACCOUNT (Mar. Steams ,S Co. Inc. 383 Madison Avenue Y N Y 10179 11 ea Transaction Detail (continued) INTEREST (continued) 0.PARCO 71.0409441 01 4.041.1.4 01141,0 31.14SCARY fru %urn swop O44A Ov 0.10nrach CAW Morn 110110. Ma Tort 11711-31152 FINANCIAL TRUST CO INC STATtweir 010000 0440001 30.205E THROuGm 447:00nDer 30.200E A.4.11.1/T siAMER TAXAOIR 40.011/1 On Ng LA47 STATE114.1 October 29.2004 DAN OESCOSIPTION P1.031/0.4. 011401011 nn119 OEM MOM CAW? 04.40430 11260E FANNIE MAE [MO/SERIES 2003.13 31392/062 6.8810 147,441.74 S RCR40 FUR NC 03125/2033 6.981 MEREST PAYMENT 11-25-04 11/26/04 FEDERAL NATIONAL MTG ASSN 31393C2C6 5.8810 62.043.35 SERIES 2003-19 CIASS SW DUE 01/25/2033 5.981 MEREST PAYMENT 11.25.04 TOTAL 1.20.650.93 5826.954.68 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Steams& WITIDALNI TRNW DATE DATE 1101.144C101 COMM, SYMEOLKUSIP OIAWITN Mart mow 11/03/04 RECEIVED UNITED STATES TREASURY NOTE 912828CY4 25.000,000 25.031.250.00 M1071/2006 2.500 2500 DUE 10/31436 FIN F3080818 Al RESALE EMMERT MEM MOUVT 11103/04 DELIVERED UNITED STATES TREASURY NOTE 912828CW8 -25.000.000 25.000.000.00 CUE 09/30/2006 2.500 2.500 CUE 09/30/06 ATM F2790522 A2 TERM RESALE AGREEMENT 11/03/04 INTEREST UNITED STATES TREASURY NOTE 912828CW8 28.392.36 COE 09/30/2006 2.500 FILM F2790522 42 RESALE INTEREST 11/1204 JOURNAL FEDERAL. HOME LOAN MI6 CORP 31392R6U0 24,477,870 SERIES 2471 MASS Yr 1000 , DUE 03/15/32 FrDANIGN F0953142 AZ TERM REPO AGREILIFIrt CQ7 12.01104:1412 Gal VISSA EFTA01320922

r71 8 IJ 1.2 1.2 0 -n C in r 9ELOSEOCIA19- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Sear. Steams b Co. Inc. 383 MMISOn Avenue New Tort New York 10179 12 c.• Transaction Detail (Continued) REPURCHASE ENO REVERSE REPURCHASE TRANSACTIONS (continued) SITIIDADIT 19401 0412 CATE TRMSACTKP4 Of.SCRPTION 11/12/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERES 2004-5 CLASS PS 5,040 DUE 02/2003 FMA F3003198 AZ TM REPO AGREEMENT 11/12/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN SIRES 2034-5 CLASS PS 5.040 DUE 02/20/33 WM F3173215 Al - REPO AGREEMENT 11/12/04 JOURNAL GOVERNMENT NATIONAL MTG /ISSN SERIES 2084-5 CLASS PS 5040 DUE 02120133 FRM 13173215 A2 REPO AGREEMENT 11/12/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERES 2004.5 CLASS PS 5.040 CUE 02/20/33 RFITIA 13173 AGREEMENT 215 A3 EPO 1112/04 DELIVERED UMTED STATES TREASURY NOTE Cut 0615/2007 2.750 z75/3 DIX 08/15/07 FILM F2710662 A2 TERM RESALE AGREEMENT 1112/04 INTEREST GOVERNMENT NATIONAL MTG ASSN SERIES 20045 CLASS PS cut 02/20/2033 5.040 ATM 13003198 AZ Tin2/04 REPO MEREST INTEREST METED STATES TREASURY NOTE out 06/192007 2.750 film 12710682 A2 RESALE MEREST CLUMP 7144000H ITS .wait 01440 844.1u2outy 8ex. Starts Seculan Cap. Cne *wan Cots Werth firoali44 We. Yen 11201.3859 FINANCIAL TRUST CO INC STOININT PectiC0 0C1000. 30.2004 nwouom 74,4embee 30.2004 40004147 Mama TA4P44134 1.411.46t On rile LAST STK:7MM 0000e. 29.2004 SvPOBOLICUS, gW111Y Dag MOM CRiOn MOM 38374FDEO 44,000.000 5.363.000.00 3837410437 .44.000.000 5.623.0:0.00 383741:437 44,000.000 5,623,000.00 383741087 44,000.000 5.623.000.00 912828CR9 -15.000.000 15.037.500.00 383744087 5242.33 912828CR9 28.496.06 027 14.01.041442 001 VIM EFTA01320923

rn 8 IJ [J. IJ .13 0 m C m H r LELOSE00- IND- ANGS 11/18/04 BEAR STURNS OFFICE SERVICING CUR ACEGONI Bear. Steams b Co. Inc. 383 maisoi men.* ,3 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SETTIEWEIET OATE 11/16.04 MADE CAVE CCSOOPTION JOURNAL GOVERNMENT NATIONAL SING ASSN SERIES 2034-5 CUSS PS 5.040 DUE 02120/33 FILM F3213185 Al REPO AGREEMENT mecum.. 383741087 OLLTMMY .44.000.030 Ow MnU =ARM TITROuni ITS nave Ong AISSIXTRY Int non Danes 03. Dre MarenD Conn nen Ws Yen 112014179 FINANCIAL TRUST CO INC STATEMENT 040140 ODOOSE 30.2004 ThROLICIM Remember 30. 2004 AOCCURT WRIER TAXPAYER WSW On He 1,µT STATEMENT OCIOber 29.21304 CREDIT /MOOR 3.675.000.00 JOURNAL GOVERNMENT NATIONAL MTG ASSN 36370-097 SERIES 2034-5 CUSS PS 5.040 DUE 02/20/33 FM F3173215 A4 TERM REPO AGREEMENT 44000.000 6.623A:03.00 INTEREST GOVERNMENT NATIONAL MTG ASSN 3637.0067 SERIES 2034-5 CLASS PS DUE 02/2012033 5.040 HIM F3173215 A4 REPO MEREST 1.436.99 JOURNAL GOVERNMENT NATIONAL MTG ASSN 38374F067 SERFS 2034-5 CLASS PS 5.040 DUE 02/20/33 FIIM F3213185 A2 TERM REPO AGREEMENT 44.0:0.030 3.675.000.00 11 /18/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN 38374Ft:07 SERFS 20344 CLASS PS 5„040 DUE 02/20133 Fnm F3233174 Al REPO AGREEMENT 11/18/04 DEUVERED UNITED STATES TREASURY NOTE DUE 1031/2006 2.500 2.500 DUE 10/31/06 nnA F3050818 A2 TERM RESALE AGREEMENT -44000.030 4,000,000.00 912828CY4 -25.003.000 25,031,250.03 11/113/04 RECEIVED UNITED STATES TREASURY NOTE DUE 10131/2806 2.580 2.500 DUE 10/31/06 RDA 13230504 Al RESALE AGREEMENT 912828CY4 50.000.000 50.000.000.00 027 I2I01/04,14:42 COT DMA EFTA01320924

BEAR STEARNS OFFICE SERVICING YOUR ACCOLM Bear. Steams 8 Co. Inc. 383 Madison Avenue Now York. New Yc, ' 0179 14 n .e Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) -n SAIL AA AAA OAS OAS vin8/04 11/18/04 11/23/04 C in 11/23/04 11/24/04 r 11/24104 11/24/04 SELOSE00- 019- ANGS SVMATON OtSCIIPMS INTEREST GOVERNMENT NATIONAL MTG ASSN SERFS 2004-5 CLASS n DUE 02/2012033 5,040 RIM F321318.5 A2 REPO NTEREST INTEREST UNITED STATES TREASURY NOTE DUE 10/3b2006 2.503 Film F3080818 AZ RESALE INTERIM DELP/FRED UNITED STATES TREASURY NOTE DUE 10/31/2006 2.500 2500 DUE10/31/06 FITM 13230504 A2 TERN RESALE AGREEMENT INTEREST UNITED STATES TREASURY NOTE DUE 10/31/2006 2.500 FILM 13230504 A2 RESALE MEREST JOURNAL GOVERNMENT NATIONAL mTG ASSN SERIES 2004.5 CLASS PS 4,810 04X 02/20/33 Mei 13293248 Al REPO AGREEMENT GOVERNMENT NATIONAL MTG ASSN JOURNAL SERIES 2004 5 CLASS PS 4.810 DUE 00/20/33 RDA F3233174 A2 TERM REPO AGREEMENT INTEREST GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 04.5 02/20/2033 4.810 TIM 13233174 A2 WO Nimbi MGM= mt0VON ITS wsCur OMED BUSSIDIARY OA. Son StOJVAS Cap. Iltinean Cm" Ma" W /..../cet 112014969 FINANCIAL TRUST CO INC STOWS", ISISOID October 30.2034 TAOLM MAMA 30.2004 ACOMta "ASIR TAMA'S" MASER LAST STAITICIrt On Re October 29.200e MIASMAS' OMAN pO1 AMOS Mt WWII 383741087 469.58 912028CY4 13,600.31 9128280m .50.000.000 50.000000.00 912828CY4 1.777.78 383741087 -44,000,000 3,260,000.00 4.0 383741087 44.000.000 4.000.000.00 383741087 1,550.00 oat ISVIAt11:42 CM AAA EFTA01320925

CWA90 TT430‘04 ITS WTIMEE DeTT4D SuDSTOLTRY rn IS b.) IJ 0 -n z C in z -H r 6ELOSEOCIA19- ANGS BEAR STMRNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 363 Madison Avenue Non York. New York 10179 16 els Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) Stletalerr DATE 11/30/04 num OATE TILAASACIEN cescePron RECEIVED UNITED STATES TREASURY NOTE DUE 11/30/2005 2.875 2.875 DUE 'inns FINS F3350625 Al RESALE AGREEMENT SEMIKVCIATIT 91282B009 cu rn 50.000.000 CEBU &WOW, 50.000.000.00 W. Steams Setuitet Cap. Ono Lierata Cettn Montt et Nes volt 112014.19 FINANCIAL TRUST CO INC SIATEATENT nano October 30.2004 THROUGH Nowerter 30.2034 ACCOuxt 1..440LR flianyul warm On Fie LAST stAtemera Octets 29.2004 MEDD ATOOLM TOTAL 5-149.323.958.90 5137.322.016.51 MISCELLANEOUS DATE MOUT neurtamori 11/16/04 JOURNAL TOTAL 5.100.00 cESCAPrter OCT 04 SPEC CLEARING FEES CETr AATOWil 100.00 MOO AUCt/T1 STOP End of Statement 021 120104 14 42, ow meet EFTA01320926

-n C in r OPLOSEOCIA19- ANCIS BEAR STEARNS OFFICE SEROCING SLIVR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison AVONJO New Wyk Nevi lc.O. 10179 ACCOUNT EXECUTIVE GNMA GOVT BONO VISA OUR RELISH www.bearsteams.com What's in This Statement Il...11...lrrl.Il 1.1 Financial Summary 3 FINANCIAL TRUST CO INC You' Portfolio Holdings 4 CIO JEFFREY EPSTEIN Transaction Detail 7 6100 RED HOOK QUARTER STE 83 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio ea & & Equeibleml S134.019 TOTAL VALUE Of SECURITIES THIS PERIOD 11.588.059 S349.431 LONG ACCRUED INTEREST 105.741 End NET CREW BALANCE 334,039 Income Her sounv TNte PERIOD $12.027,839 NET EQUITY LAST STATEMENT 12.556.360 CHANGE SNCE LAST STATEMENT -528.520 There are no 'Stop Loss orders or other pending buy cc sell open orders on file for your account. S11.588469 MI Current market value Last statement's market vale 412.4:42.01, PORED 110293.4 ITS wage DATED SLISSIDMITY Bor. Sten Swards 9n. one Tmeauca Car North la Yell 11201.3854 FINANCIAL TRUST CO INC STAillitST PPM* OCIOW 1.2004 THILLNJON 0000t4 29. 2004 ACODIAN TAXPAVER NUMMI% On Foe LAST STATEMENT Septenaf 30. 2004 Ens sunny 41w okensteasi Mai Oa II b 09 Magas IL a. Samna This arra Cal Streama ar ratted. Sae Inn* We Sr rporlantiftwileffi 027 16,004.11 SE 021 Via EFTA01320927

CLEARED rmiK2421 %vicar 0+040 91.l90UM Sur Sums Staten cop. Cne 002cce0, Cam net totem. Nem rcel 112014559 FINANCIAL TRUST CO INC 2 EEVEZZOOV.L43 0 z m cim z H r TVLOSE00 V\19 ANDS STATEMENT BACKER IS PRINTED ON THIS PAGE 017 1000001:50 031 vs. EFTA01320928

BEAR STEARNS OFFICE SERVICING YOUR ACCOtart Boar. Stearns & Co. Inc. 383 Madison 8831387 New Vol, New vcA 10179 0 0 3 au Cash Flow Analysis DIS sta00 Income Summary tic 8000 708410 005 opening Balance SecurgleS Sold Dfridextfinterest Amount Credited SecurRies Bought 5349.430.55 150.542.411.97 861.588.48 3151.404.000.46 -151,238.763.30 U.S. Govt. Bond IM. Gent Agency Int. Cup. Bond Int. Credit Balance Int. Reverse Repurchase Int. Total 6,868.13 702.222.04 152,338.86 159.45 11.581.79 5873.170.27 375.363.60 8.568.849.54 1,870,249.99 1,022.46 252.348.22 511,067,833.81 Funds Withdrawn -71,518.00 Bond Purchase Int. -55.766.57 -1,168,313.77 t l DisildendsAnterest Charged -55,766.57 Margin Mt. Pad 0.00 -1.770.70 C Miscellaneous .53,343.75 Reptrthase Inc. Exp. -47.341.42 -209.085.33 rn Amount Debited 1-151 419 391 62 Net Cash Acthity -15.391.17 Portfolio Composition Closin9Balance 5334.039.38 CasniCash Equvalent 334.039 Fixed Income 11,588,059 r Cash Balance Summary Total $11,922,098 ZPLOSE00- 019- ANGS IJ IJ WING ahem 349.430.S5 334,039.38 Net Cash Balance $349.430.55 3334,039.38 027 /8300811 SO 031 CsEmEO tit rrs *MOLLY 0101•813 U8S108.115. MY Stan Seunlan Cap. One Women Cams Math boa885 M. Yet 11201.3859 FINANCIAL TRUST CO INC STAT0111,1T num October 1.2004 111110004 October 29.2004 ACCOP.Art TO:PAYER HOWER On Fie LAST sr Meer Sestets/se: 30.2004 Your Portfolio Allocation Cash S. Gathalent- 2% L Feed Income 98% 12-redee melees Orele C•91 78.w andtv Wen •hla.. M.duo, Plrapetapo 8.8.91 .59, Pe *teases market *SA of 99... eadela t4 EFTA01320929

C) 0 m C rn r EPLOSE00- 019- ANGS IS b.) La b./ La BEAR STEARNS Cf FICE SERYCING YOUR ACCOUNT Beet. Stearns & Co. Inc. 383 Mattson AMNIA New York. New 'Ark 10179 4 or ie Your Portfolio Holdings CASH & CASH EQUIVALENTS OISCRPON CASH BALANCE TOTAL CASH & CASH EQUIVALENTS Warne MC( Wan, ESTIMUTO CAREW VOLE TIME WIXOM MD IND 334.039 5334.039 FIXED INCOME at THICNON as may, Oman 0010tritt Ner. Shan Sawa. Cage t theretedi Carter Non troder. Nov Vat 11201.109 FINANCIAL TRUST CO INC VARMINT POTOD OCOOtr 1. 2004 1490U0 Orator 29. 20)4 ACCOUNT haat TATTPAYER WINER On Fla LAST STATTNOTT SKterNor 30.2004 Government & Agency Obligations OTSCRITION 01.03.CuOr ACCT OPT GUMMY NEE TatA01 MUT ACCRUED la= ISTMATIM IMAM WOO* CURRENT YEW TIO FEDERAL HOME LOAN MTG CORP 31393FAF3 LIRGN 16,449.919 9.4102 1.547.969 35.376 909.681 58.7861 SERES 2530 CLASS SE DATED DATE 10/1102 BOOR ENTRY ONLY DUE 02/15/2032 5.530% FACTOR - .27416532 FEDERAL HOME LOAN MTG CORP 31393FGB6 MRGN 7.056.240 8.5794 605.386 14.078 361.985 59.7941 SERIES 2526 CLASS 51 DATED DATE 1010102 BOOK ENTRY ONLY DUE 02/15/2032 5.130% FACTOR - .27416531 FEDERAL NATIONAL MTG ASSN 3136FALQ1 MRGN 4,041.482 84.9063 3.431.471 3 40 0.0012 STRW MEG SERFS 322 CL PO DATED DATE 03/01/02 BOOK ENTRY ONLY OUE 03/01/2032 .001% FACTOR - 1.00000000 FEDERAL HOME LOAN MTG CORP 3139216E2 MRGN 14.214,402 8.1195 1.154,131 28.358 729,199 63.1818 SERIES 2483 O. SL DATED DATE 07/0202 BOOK ENTRY ONLY DUE 03t15/2032 10% FACTOR —.24641446 eat 10/3004:11:10 001 EFTA01320930

rn 8 b.) b.) $'• 0 -n C rn r trI7LOSE00-019-ANCIS BEAR STEARNS OFFICE SERinCiNG YOUR ACCOUNT Bert. Stearns & Co. Inc. 383 Mateson Avenue New %at. New York 10179 5 a Your Portfolio Holdings (continued) Government 8 Agency Obligations (continued) CESCRIPTER SliAtO/CL6n. ACCT Comer MLl 144.007 VALUE ACCRLED tarRES7 ES110.1ATED ANNUAL PROW 0.45,00 ORO ra FEDERAL NATIONAL MTG ASSN 3139302C6 PARCH 14,692.061 9.1386 1.342.655 8.271 744.447 55.4459 SERIES 2003.49 CUSS SW DATED DATE 04/30,03 BOCK ENTRY ONLY DUE 01/25/2033 5.067% FACTOR a .60444343 Total Government& Agency Obligations 58.081.612 586.086 12.745.352 Corporate Bonds /CC ACCRUED ESMArt0 CJIMPO 043CRIPDC4a SYVBCVCUSS. iwE OUNRCIY P WSW YARN narleSt *Met UWE rat> C% FANNIE MAE CMO/SERIES 2003.13 31392/1782 IARGN 29.160.294 12.0247 3.506.447 19.655 1.769.155 50.4543 RCA.V0 FUR DATED DATE 02/25/03 BOOK ENTRY ONLY DUE03/26/2013 6067% FACTOR - .58320590 Total Corporatc8cr, 53.506.447 519.655 51.769.155 TOTAL FIXED INCC 511.588.059 5105.741 54.514.507 CLEARED twatOUCH wiRtLY ~CO LAMS fa Sewn Swats Cow aaa.seutllamecog Cs tee . Kt. Yon 11201.3639 FINANCIAL TRUST CO INC PATEPAINT PORCO Ocbaber 1.2004 1/00001/ Octaby 29.2004 ACCOuNr mike 1.04404/2 Ruben On Flo LAST STAMEN? Saptemtes 30.2004 YOUR PORTFOLIOHOLDINGSACCRUED INTEREST 5105.741 YOUR PORTFOLIONOLDINGSESTIPAATED ANNUAL INCOME S4.514.507 YOUR PRICEDPORTFOLIOHOLDINGS 511.922.098 02? 10'3004:+1'.50 001 v864 EFTA01320931

rn IJ IJ Sa. BEAR STEARNS evict SERViOnG YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Matson Avenue Now v 10179 6s.. Repurchase and Reverse Repurchase Transactions with Bear. Steams& Co. Inc.outsta ndlng 38 of date of statement MIMED WOW. n INIC.O' WED SLISOWY. Doe &WS Sea.Mos Ore MOW. Cr* Nalh CY New let 11201.359 FINANCIAL TRUST CO INC STATEmENT PEROG OCIODOf 1.2004 nssoson OCtOber 29.2004 ACCOJIO htPAOLlt TAXPAY01 MAW On Re SlrEUENT SL.0(WnDir 30.2004 PulOU41/ START WE WOWS( DOTE PRCOG MI WOOS, POCV "WW1 ACCWO REPO MOIST* 094149TI BALE MOM OW CESCAOTCW YOU PROVIDED FEDERAL HOME LOAN MTG COPS (MARGIN) 09/15/04 OPEN 0.000 .50.000.000 313927/32 SERIES 2488 CLASS SO 6.1300 03/15/32 0 YOU SOLD (REPO) 10/12/04 01/10/05 2.260 -9.476.000 -11.900 -50.000,000 3128CVUG7 FHLMC•STRIP PRINCIPAL ONLY -n YOU SOLD GOVERNMENT NATIONAL MTG ASSOC (REPO) 10/1004 OPEN 0.010 -1 .44.389.962 38374FCM4 SERIES 2004-2 CLASS S 5.3113 01/16/34 rn YOU SOLD (REPO) 10/26/04 11/12J04 2.070 -5.363.000 4.850 -44,000,02•3 38374H:437 GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-5 CLASS P 5.040002/20/33 YOU BOUGHT USTR 2.750006/15107 (REVERSE) 09.27/04 OPEN 1.600 15.037.500 21.950 15.000.000 912828CR9 YOU BOUGHT USTR 2.5000 09/30/06 r (REVERSE) 10/05/04 OPEN 1.250 25.000.000 26.309 25.000.000 912828CW8 TOTAL REVERSE REPURCHASE TRANSACTIONS 540.037.500 548.259 TOTAL REPURCHASE TRANSACTIONS 5-14.841.001 5.13.750 SPLOSE00- 019- ANGS SSW. CIS 027 'OXON ' 1,4 'kV A EFTA01320932

0 -n C in r 9PL0SE00- O19- ANGS I8 b.) IJ 1.4 00 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383M8Cisen Mem:8 7 a • 4 STsinefir 'MOD OCIOTS 1.2004 THROUGH Octets 29.2004 Transaction Detail ACCOUNT PiMa TWAYIER NIMES Co Ft INVESTMENT ACTIVITY LAST srmywrier Sapient's 30. 2004 GLEAM WOW.. ITS vmets.v &MAO $uliSIOvRY Bar Sion SocuiDis Ono hientws COMM' 11010 11201411SO FINANCIAL TRUST CO INC SETTAMIXT MAU 051E DATE 1111164C0311 OESCLIPTEN ST/ADOUOSIP Waft PRIZE 0011 MONT CREW AVOW 10/04/04 10101/04 BOUGHT UNITED STATES TREASURY NOTE 912828CU2 26.000.000 99.57031 24.892.576.13 DUE 08/31/2008 02.375% FA 28 ACCR M. 55,766.57 0938016192099 YIELD 2.607%10 MATURITY EVER REF a 02751004 Al 10/04/04 10/01/04 SOLD UNITED STATES TREASURY NOTE DUE 09/302006 02.500% MS 31 0988016192099 TED 2.642% TO MATURITY GVER REF • 02751011 Al 912628CW8 .25,000.000 99.72656 24,931,640.63 ACCR. INT. 6.868.13 10/05/04 JOURNAL UNITED STATES TREASURY NOTE 912828CW8 45.000000 25.006000.00 ID) REPO NO 10.4 2.500 DUE 09/30106 10107/04 POICIPAL FEDERAL NATIONAL MTG ASSN 3136FALCI1 413,439 STRP MTG SERIES 322 CL PO 0 001 CUE 03/01/32 PITINCAPAL REDUCTh 10-25-04 10/13/04 WIRED CALL TSY 43/4 mai 9272250 -25.000.000 EUROCALL STRE 1014 EP 104)8/2004 10/14/04 09/08104 CANCEL SQL FNMA-30YR(FNMA)GTD 5/403009 10.000.000 101.31250 10,131,250.00 SEMIODA DUE 10/01/2034 05.500% 0987000510332 REF a 2004090857720030 BS AS OF 09/03/04 TO Cm PREVIOUS SELL 10/14/04 09/22/04 BOUGHT FNMA-30111(FNMA)GTD 5040009 10.00.000 101.83594 10,183,593.75 SETT.10174 CUE 10101/2034 05.500% 0987021011332 REF # 2004092257610000 BS 10/14/04 09/08/04 SOLO FNMA.30YR(FNMA)GED 5.080009 .10.003.000 101.31250 10,131,250.00 SETT.1004 WE 1001/2034 05.500% 0947000610332 REF 0 2004090857720000 8$ 027 100004.13110 001 VIM EFTA01320933

awes nieb-Gri rtR w"0.\, CANSO SLIISCRAV 0 -n C rn r LPLOSE00- 019- ANGS BEAR STEARNS OFFICE samcsoc YOUR ACCOUNT Bear. Steams & Co. Inc. 383 lAa6son Avenue New York. New York 10179 S el 14 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) MITUMOir 100( DATE DATE litua3A01,4 10/14/04 09/22104 CANCEL WY FNMA-30YMENNIA)G11) SA80039 .10.000.000 101.83594 10.183.593.75 SET1.10-04 CuE 10/01/2034 05.500% 0987021011332 REF * 2104092257810000 BS AS OF 09/22/04 TO OIL PREVIOUS BIN DESOMMA 5772007023:2 1.1•RoSch Oslo Nam MOOR% Me • GA 112014859 FINANCIAL TRUST CO INC STATERE.4 PODOO C810091 1,2004 THROUGH Oclawf 29.2004 Accaser MASER TAXPAVIR NWSER GO File LAST STAMINT 5.011121:41 30.2004 Clown MICE DEW AsKuvi CREW AKOM 10/15/04 maim. FEDL HOME LOAN MEG CORP*S02684 3128CVUG7 285.408.50 SERIES 218 Cl PO OM 02/01/32 PIM R009-04 P010.15-04 REPOP a I 0.0000 10/15/04 PRINCIPAL FEDERAL HOME LOAN 106 CORP 3139216E2 -390,730 SERIES 2483 CL SL 5.130 0.V15/32 PRICIPDUE AL RECOCIN 10.15.04 10115/04 PRINCIPAL FEDERAL HOME LOAN MEG CORP 31393FAF3 -372.599 SERIES 2530 CLASS SE 5,530 DUE 02/15/12 PRINCIPAL REDUCTN 10-15-01 1011504 ORMCIPAL FEDERAL HOME LOAN MTG CORP 31393F088 -159.828 SERIES 2528 CUSS SI 5 130 CUE 02/15/32 PRINCIPAL REOUCTN 10-15-04 10/20/04 JOURNAL FANNIE P.ME 0.40/SERIES 2003.13 313921082 2 S RCR4I0 FUR 8,180 DUE 03/25/33 ADJUST POS 10125/04 PRINCIPAL FEDERAL NATIONAL MTG ASSN 3138FALQ1 113.439.30 S1PJP MTG SERIES 322 O. PO 0 001 WE 03/01/32 DEMME PAYLEPET 70-2544 10/25/01 PRINCIPAL FANNIE MAE 0.40/SERIES 2E03.13 313921082 -518,108 RCR.80 FLTR 6.160 CuE 0125/33 PREICIPAL REDUCTN 10-25-01 027 UM/04:110D 601 flea XXX EFTA01320934

CLEARED TØ TTS »as ~RO aseaCeav rn 8 IJ O IJ -n r SPLOSE00- IA19- ANGS BUNR ST RNS OFFICE SERVICING YOUR ACCOUNT Daa& Steams & Co. Inc. 383 Meda«, Avenue New Nek. New va,. 10179 9 4,14 Transaction Detail (contInued) INVESTMENT ACTIVITY (444000440 SMURD« DATE 10/25/04 TRAM DAtt ~new PRIL:IPAL MORMON FEDERAL NATIONAL MIG ASSN SERES 2003-49 CUISS SW 5.160 DUE 01/25/33 aRatOPAt REDUSTN 10.25.04 • 3',:,.2.2C6 RVANlin •2&0.033 ba. Sirs ~Ia Corp. GR venta Cain Noe borer Na [fl 20 MO FINANCIAL TRUST CO INC STEllitra PER,00 Ocloter 1.2004 TwROIS. Cctoter 29. 2004 Alt , n7 ~ER TAXPAYIA ~OCR Dn Ne LAS? STAIlkert Se;ternter 30. 2004 PMCI Oter, 4901.2.9' GRUNT AMOUR, TOTAL 1.45,263.188.4 ': 520.852.198.31 DEPOSITS AND WITHDRAWALS UTE 1007/04 END WIRE° ?JAA/ GV148208ENDSWIRED T0 FLEET NATIONAL BANK AC2387604020 01246378 TOTAL IRMSACTICel DESOWTOR 311 ...10.11C 71.518.00 I 71.518.00 INTEREST amt OCIttenta 10101/04 AVG BAL 213.777RT 0.895 021 OFFICE INTEREST 0904 SYL/80000SP RATE <IQ DEMT AMOR, GROMT ~ff 10/15,04 FEDERAL HOME Lom MEG CORP SERIES 2471 ciAss Yr OVE O3/192032 1.000 NT R/D 09-04 IND 10-15434 REPO P &I 1.0000 10115/04 FEDERAL HOME LOAN MIG CORP SØTES 2483 CL St DUE 03/192032 5.130 PITEREST PANIAENT 10-15-04 31392R5LIO 1.0000 159.45 20.958.94 3139205E2 5.1300 63.775.74 027 19930.9140 COT EFTA01320935

0 -n C rn r 617LOSE00- 019- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Simms & Co. Inc. 383 Madison Avenue New Yak Nem Y 10179 10 et la Transaction Detail (continued) CLEARED mitotic. ITS swain' ;NNW StaSOARY but SWEPT Seaton Coo Me Jactrapch Car Ater ProokAn. INA Yak 1120/4880 FINANCIAL TRUST CO INC SIAM/EAT PERKX) WOW 1.20`04 THROUOM October 29.2004 ACCOUNT NIANIER TAXPAYER Mama On fro INTEREST (contalued) LAST STATEMPO September 30.2004 OAR DESCRIPTION SnalCucus. Ewer RATE OR cart mourn (NOR MOUNT 10/15/04 FEDERAL HOME LOAN AUG CORP SERIES 2468 CLASS SO 31392T132 6.1300 65.828.89 DUE 03115/2032 6.130 INT RA) 09-04 P/D 10-15-04 REPO P t I 6.2400 10/1504 FEDERAL NOME LOAN MTG CORP SERIES 2530 CUSS SE 31393FAF3 5.5300 79.065.84 DUE 02/1542032 5.530 MEREST PAYMENT 101544 10/15/04 FEDERAL HOME WAN MTG CORP SERFS 2526 CLASS Si 31393FGB6 5.1300 31.510.16 DUE 02/15/2032 5.130 INTEREST PAYMENT 10-1504 10/19/04 GOVERNMENT NATIONAL MEG ASSN SERFS 2004-2 CUSS 58 38374FCM4 5.3110 188,367.64 DUE 01/16/2034 5.311 trt 9,0 10.04 RD 10-16-04 REPO P 6I 5.4212 1012004 GOVERNMENT NATIONAL MTG ASSN SERIES 2004.5 CLASS PS 38374F1)87 5.1380 188,420.83 COE 02/20/2033 5.138 INT RIO 09-04 P/D 102004 REPO P 6I 5.1387 10125/04 FANNIE MAE CMO/SERIES 2003.13 $ RCR4/0 FUR 3139240142 6.1600 152.338.86 DUE 0305/2033 6.160 INTEREST PAYMENT 10-25-D4 10/25/04 FEDERAL NATIONAL MTG ASSN SIRES 2003-49 CLASS SW 31393=8 5.1600 64.294.00 DUE 01/25/2033 5.160 INTEREST PAYMENT 1025-04 TOTAL $856,720.35 021 ICVXAD4 11 SO 001 10164 EFTA01320936

rn 8 b.) 10 IJ IJ 0 F I C in r OSLOSE00- 019- ANCIS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 303 Waco Avenue New Yak. New Tat 10179 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Etear,Stearns& Co.Inc. SIT0DADIT TRUK 04n an OWISCION 01.30040011 SVUEOLOCUSP 0.0.140Tv Mail E.YOUX1 CRUX MWJI 1010004 DELIVERED UNITED STATES TREASURY NOTE 912828CU2 -25.000.000 25.062.500.00 DUE 09/3112000 2.375 2.375 DUE mamas Fnm F2670490 A2 TERM RESALE AGREEMENT CLEARED IntOuGai ve40‘.. 04.400 14.40vA, Br. San Socinlos Ore Ihnietio Cott Eau 11301.3859 FINANCIAL TRUST CO INC STA,IghT KR)00 00044. t 2004 noR01:4. 000Cef 29.2004 AOCaNT MAISCR TAXOAVER %UMBER On rile EE E &Veit& 30. 2004 10/04/04 INTEREST UNITED STATES TREASURY NOTE 912828CU2 10.519.29 DUE 013/31/2006 2.375 RIM 12670490 A2 RESALE MEREST 10/05/04 RECEIVED UNITED STATES TREASURY NOTE 912828CV/9 25.000.000 25.000.000.00 CUE 09130/2006 2.500 2,500 CUE09130M FITL1 F2790.522 Al RESALE AGREEMENT 10/06/04 JOURNAL UNITED STATES TREASURY NOTE 912828CW8 25.000.000 25.000.000.00 ADJ REPO NO 10-4 2.500 DUE 09/30/06 10/05104 JOURNAL UNITED STATES TREASURY NOTE 912828068 25.000.000 25.000.000.03 ADJ REPO AO 10-4 2.500 DUE 09130/06 101015/04 INTEREST UNITED STATES TREASURY NOTE 912828CW8 1.062.50 DUE 09/302006 2.500 REV REPO INT. NO 10,5 10/07/04 JOURNAL UNITED STATES TREASURY NOTE 912828CW8 .25.000.000 25.000.000.00 ADJ REPO 410 10.4 2.500 DUE 09/30,313 10112/04 JOURNAL FEDL HOME LOAN PEG CORPIS02684 3128CVUG7 12.800.430 7.320.000.00 SERIES 218 CL PO DUE 0201/32 FILM 12583256 P2 TERM REPO AGREEMENT 70/12/04 JOURNAL FEDL NOME LOAN MTG CORPPS02684 31280VUG7 -12.800.430 9.478.00000 SERIES 218 CL PO DUE 02)01/32 RIM F2883213 Al REPO AGREEMOrt On 10,104:1140 001 Si EFTA01320937

In IS IJ 43, IJ -n C in r ISLOSE00- 019- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue Mir 10179 12 Nu Transaction Detail (Continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SPRIMOlt TPAOC CAVE pm ntracnoti CICSCROIMII 10112/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004.2 CLASS SB 5.421 DUE 01/16/34 rem F2653155 AZ TERM REPO AGREEMENT 10/12/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN 9.52ICS 2004-2 CLASS SB 5.421 DUE 01(103/3A FIDA P2463215 Al REPO AGREEMENT 10/12704 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 5.138 DUE 02/20/33 RDA F1913154 A.2 TERM REPO AGREEMENT Ton 2104 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004.5 CLASS PS 5.138 DUE 02/20/33 MN F2863217 Al REPO AGREEMENT 10112/04 MEREST FED/ HOME LOAN MTG CORP/502684 3128CVUG7 11.272.80 SERIES 218 CL PO DUFTIME 02/D P2 1/2032 3256 AZ 0.000 54 REPO INTEREST 10/12/04 SYPAOOLCUSIP WARM 38374FCM4 41.895.396 38374FCM4 41.694396 38374F067 44,004000 3837,0067 41.004000 Dian Maul 2.816.000.00 =ARID ni90904 Wan* 0919.120 SUSSOARY BeR Szyms SeoslRet CoT Ow *town Cater I.icet Met yin 11201.3859 FINANCIAL TRUST CO INC STATIMINT PlinC0 °MOW 1.2004 niROuGH October 29.2004 ACCCONT YLVaen Wank NWSCR 01 Fie LAST STATIOMYT 989118114f 30.2004 ciNCO AM3UKI 3483.000.00 5.866.000.00 6294000.00 INTEREST GOVERNMENT NAD3NAL MTG ASSN 38374FCM4 2.940.37 SERFS 2004.2 CLASS S8 DUE 01/16/2034 5.421 DIM F2653155 AZ REPO MEREST 10/12/04 It4TEREST GOVERNMENT NATIONAL MEG ASSN 383742087 27.70470 SERIES 2004$ CLASS PS DUE 02/20/2033 5.138 FIT/A F1913154 Al REPO MEREST 027 160009.1190 C01 EFTA01320938

BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Beer. Steams & Co. Inc. 383 Madison men.* New York, New Yen,. 0179 &3 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (calmed) MITLDaNT TRACE DATE DATE 10/14/04 0 10114/04 m 1004/01 C in 10125/04 10/25/04 r 1005/04 10426/04 ZSLOSEOCINDANOS I8 b.) b.) pA tRANSACtitel OTSCIernOsi JOURNAL GOVERNMENT NATIONAL MEG ASSN SERES 2004.2 CLASS SO 5.421 DUE 01/16/34 RIM F2883267 Al REPO AGREEMENT JOURNAL GOVERNMENT NATIONAL WIG ASSN SUES 2004-2 CLASS 58 5.421 DUE 01/16/34 ERNI F28443215 At TERM REPO AGREEMENT INTEREST GOVERNMENT NATIONAL MTG ASSN SERES 20044 CLASS 58 DUE 01/16/2034 5.421 Film 12863215 A2 REPO MEREST JOURNAL GOVERNMENT NATIONAL MTG ASSN SIRES 20044 CLASS PS 5,040 DUE 0200/33 FRIA 12993307 Al REPO AGREEMENT JOURNAL GOVERNMENT NATIONAL MEG ASSN SERIES 20044 CLASS PS 5 040 CUE 0 62/203217/33 RM 128 At TERM REPO AGREDAD/f MEREST GOVERNMENT NATIONAL MTG ASSN SERES 2004-5 CUSS PS DUE 02/200033 5.040 FRM 12863217 A2 REPO INTEREST JOURNAL GOVERNMENT NATIONAL MEG ASSN SERES 2004 S CLASS FS 5.040 OUE 02/20/33 FITM F2993307 AZ TERM REPO AGREEMENT CLEARED 7100L10.4 ITS wsa,.y Oman Sufic ...Ay Bev. Stein Swain Cap One 14evaecn Caw Math Na. Yon 112014859 FINANCIAL TRUST CO INC PEA,00 Watt 1.2004 Dift(Nro. OCIODe 29.2004 ACCOLKT %WES TAXPAYER WINGER On Tile LAST STATEuEin Sept.enta 30. 2004 5.0.19DUCOSIP ETUNITITY OM AVOW CRUM AmOLIn 38374FCM4 41,695,395 38374/0.14 41.695.395 3,683,000.00 3837410.14 423.55 38374F087 44,000.030 5.000.000.00 383741067 44,000,000 6,289,000.00 38374n387 4.706.50 38374F087 44,000.000 5,000,000.00 On 100694:11110 001 LENT EFTA01320939

ClEARED 111.1000/1 RS vacue Ove/E0 WISSOutfm ITS 8 b.) BEAR STURNS OFFICE SERVICING YOUR ACCOUNT Rem. Steams & Co. Inc. 383 Maclisps Avenue New Yak. New York 10179 14 al. Set Men Sautes Corp O.< Women Comer Atm r 11201.3859 FINANCIAL TRUST CO INC 0 -n Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) senuwon TRAM out an TRASSACTON OLSOISPIION WIMP IXS1 Man, stionekir IMMO Weber 1.2004 necoon October 29.2004 AbytelT etweER TAX7AYIER /4.4e3ER On File LAST STATMENT September 30.2004 PRIOR AMOUNT 10/26/01 10/26/04 JOURNAL GOVERNMENT NATIONAL MEG ASSN SERIES 2004-5 CLASS PS 5040 DUE 02)20133 FM F3003198 Al REPO AGREEMENT INTEREST GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS DUE 02/202033 5.040 EOM F2993307 A2 REPO INTEREST 18371FG/37 38374F087 -411;00.000 287.50 5.363.000 00 TOTAL S-106.031.341.42 579.897.081.79 C in z MISCELLANEOUS tett UMW/ TIUNSWI13N ecsoancto DEBI Al/Ottil Maw maw 10/13/04 JOURNAL 10/19/04 JOURNAL ENMA.30YR(FPLIMA)GTO SETT.1004 5,530 DUE 100144 MSS NET 10/I 104 SEP 04 SPEC CLEARING FEES 52.313.75 1.003.00 r TOTAL $-53,343.75 ESLOSE00- 019- ANGS STOP End of Statemen On /3/30•04:114t) Mal EFTA01320940

En I8 IJ n.2 0 0 m C in r PSLOSE00- 019- ANGS BEAR STEARNS curia SERVICING YOUR ACCOUNT Bear. Steams a Co. Inc. 383 Madison Avenue New Yea New Yoh 10179 014RE0 ThROuCcm as VmOu awe StALSOARY Its. Men Undies Co One AAA Cerny WM Nen A 20 SASS MARCO& TRUST CO INC ACCOUNT EXECUINE GNMA GOVT BOND STATSMENT PEROO September 1. 2004 VISIT OUR WEBSITE www.bewstearns.corn TaCniGm September 30.2004 What's In This Statement ACCOUNT WINE TAXAVIR MAIM On no Financial Summary 3 FINANCIAL TRUST CO INC LAST STAIleVent Nye& 31.2004 Your Portfolio Holdings 4 CJO JEFFREY EPSTEIN Transaction Detail 7 6100 RED HOOK QUARTER Trades Not Yet Settled 17 STE 83 ST THOMAS VI 00802 Your Portfolio at a Glance TOTAL VALUE OF SECURMES THIS PERISO' 12,082.817 Cash & EquVelten Market Value of Your Portfolio 5349.431 3.48.513 LONG ACCRUED MEREST 124.112 Ett,0 S12.062.817 NET CREDIT BALANCE 349.431 Income II $12.6440413 Curtsy menet we NET EQUITY ma PERIOD $12.556.360 Lag gatemen's market yaks NET EOUITY tAS1 STATEMENT 12.890.765 C.ANGE SINCE LAST STATEMEM -334.406 'nee ASA AAA A er .ere woken *AMA fen A net AAA no A.• of /AAA A A W. Entery T% Arco There are no 'Stop Loss' orders or other pending buy or sell open orders on file fa your account. vs-wrye.), Moran el Arose RR tY sa YAM et •SA exempt Tut itetentrtIA4O4 be MSS Is ?Wawa. See reverse ilde for &gratin Marren 027 1601/04.077.9 p. 710 EFTA01320941

GLUM 1,00113.1 ITS %%are Owe Sei()My Ow Sows Wulies tap. One Merote:x Cerny licrth Bo P.m Yen 11201.3859 FINANCIAL TRUST CO INC 2 a•3 0 -n z C in z -H r SSLOSE00- 019- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 021 1001.04:0749 011 v1183 EFTA01320942

StrEZZOO-V.Ld3 BEAR STEARNS CANCE SERVICING YOUR ACCOUNT Bear. Stearns IS Co. Inc. 383 Matteson Avenue New York New Voir 10179 so ir Cash Flow Analysis was POMO Income Summary .0 TUG ID DATE Opening Balance Securities Sold 348.513.49 283,252,102.46 U.S. Govt. Bond Int. Govt. Agency Int. Cap. Bond 1st 74.442.82 800,827.03 160.809.29 368.495.47 7.866.627.50 1,717,911.13 C) Dividends/nterest 1,036,382.90 Oa& Balance Int 303.76 863.01 0 Amount Credited Securales Bought 3284,288,485.36 .283.616.704.04 Reverse Repurchase Int. Total 76.976.15 31.113.359.05 240.76643 310194,663.54 Dividends/Interest Charged .183.444.56 Bond Purchase M. -183.444.56 -1,112.547.20 TZ F I miscellaneous ,187,419.70 Margin Ia. Paid 0.00 -1,770.70 Repurchase Int Exp. .33.024.35 ,161,743.91 C Amara Debited 5.283.987.568.30 in Net Cash Aahity 300.917.06 Closin9Balance 3349,430.55 Portfolio Composition Cast Cash Equtoient 349,431 Raul Immo 12.082,817 r Cash Balance Summary OYENT4 =SAO Total 512.432,248 _ 9SLOS£00 IN9 ANGS Margin 48.513.49 349.430.55 Net Cash Balance 348.513.49 3349.430.55 027 • GOIG407 40 CO, CLEARED DIONXICTI ITS wan' (WOO 'OSSUARY Oat Mtn Stones Cars Or MesUch Cats inst Orocitr. NO. Tok 11201.1”9 FINANCIAL TRUST CO INC STAMEN,' FER100 Swaney 1.200' TNEIGLION September 30.2001 ACCOuTIT WAN* TooTAYER whet On FM LAST STATE:ROST 0/1.9114 31.2004 Your Portfolio Allocation Cash & resivalent- 2% 1..TAtele: trans troll Pest trYwa Seer slo, nal* num 71.• ilS44141 Want's*S 01.44 My. ne natiat vela 0. W., >bible ‘Tot3 EFTA01320943

CLUED TAROu0A ITS AmOttv OvisCO SuSSOwee 0 ii C in r LSLOSE00- 019- ANGS I8 IJ IJ ve) BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Beat Steams & Co. Inc. 383 Madison Avenue New York. New Yak 10179 4 • Y Your Portfolio Holdings CASH & CASH EQUIVALENTS DISC0PrON CASH BALANCE TOTAL CASH & CASH EQUIVALENTS $349.431 Srm000C-ESP WASS (SWAM> CURRENT CUAInTIV PM( YItUI mAtal NOM 7110 Iw 349.431 EQUMES Equities & Options ACC; IMPAET 13111100) CI. UT DI3CRIDON 3,1410.0a/V 117E OW/MY Mtn VAWE A*AJM. NOM YAW (%) CALL TSY 43/4 08/14 9272250 hIRGN 25.000.000 Unpeced EUROCALL SINN 1018 DP lOttv2034 Total Equities& Options SO SO TOTAL EQUITIES SO 50 FIXED INCOME Government & Agency Obligations Beet Si..',. SetmiO. Crp Oft IMICCal, Carew um bOc 14 NM Yea 112014450 FINA NCIAL TRUST CO INC STATPAP1T PEAWO Septernba 1. 2004 TROU3H September 30.2004 ACCecteT wheat DAPAvrA MAMA CIArde UST STATtutVi Aupat 31. 2004 ACCT ACM= Una= CURRIlit 01.30.11011 SYMBOLOJSIP ME Tawny PM( MOW YAWL SAWS? AMYL MOW YEW (A) FEDERAL HOME LOAN MTGCOR9 31393FAF3 MRGN 16.822.518 9.4056 1.582261 39.894 957.369 60.5064 SERIES 2530 CUSS SE DATED DATE 10'1 1/02 90:6 ENTRY ONLY DUE 02/1512032 5.691% FACTOR • .28037531 027 1001.04:07:0 C01 V843 EFTA01320944

=ARCO nova& as i.s.4OLLY OANED SLISSOar BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue 5 Your Portfolio Holdings (continued) Government 8 Agency Obligations (continued) DISORP110•1 swim/CUSP ACCT nvf CeSNITIY Pita .A.RW MIS ACCRutO DaTOEST amp= Natal OCCOM CURRUR TIOD(? FEDERAL HOME LOAN MTG CORP 31393F086 MRGN 7,216.068 8.5764 618,880 15,908 381.802 61.6924 SERIES 2526 CUSS SI DATED DATE 10.01P2 BOOK ENTRY ONLY DUE 021152032 5.291% FACTOR - .28037530 FEDERAL NATIONAL MTG ASSN 3136FALQ1 MRGN 4,154.921 82.8750 3.443.391 3 42 0.0012 -n 51RP WIG SERIES 322 CL PO DATED DATE 03/01102 8000C ENTRY ONLY 03/01/2032 .001% FACTOR - 1.00000000 C FEDERAL HOME LOAN MTG CORP 313927652 MRGN 14.605.132 8.1146 1.185.155 32.200 772.758 65.2031 in SERFS 2483 CL SL DATED DATE 07/02/02 BOOK ENTRY ONLY DUE 03/1512032 5.291% FACTOR - .25318800 FEDERAL. NATIONAL MTG ASSN 31393C2C6 &CRON 14.952.094 9.6790 1.447.218 10.717 771.528 53.3111 SERIES 2003-49 CLASS SW DATED DATE 0413003 BOOK ENTRY ONLY DUE 01/25/2033 10% r FACTOR - .615141 5.426 Total Government& Agency Obligations 58.276 905 598.722 52.883.499 Bs. Stars Ssantirt Corp. One Ibrouxil cat &Olen Wm at 20 .1S$9 FINANCIAL TRUST CO INC sTATiliERT etitc0 Septienter 1,2004 outouca. Septerter 30.2006 Acs0OLNT NIMES TAKPAYEst Panel On Ale LAST sletwewr ergot 31.2034 8SL0SE00- O19- ANGS IS b.) Ja UN O O27 1001040749 myl VSS) EFTA01320945

BEAR STEARNS OFFCE SEWICING YOUR ACCOUNT Beer. Steams & Co. Inc. 383 nnacison Avenue New York, New York 10179 $ ar Your Portfolio Holdings (continued) Corporate Bonds eLLAREO THROVON vmcuy OA ED 9LOSIOWIT, Dar Steens SeCultics CCIP. a. Metcle0I Cele Irentl laarev 3999 FINANCIAL TRUST CO INC STATEMENT PPIDOO SeOleInSe 1.2004 1/4.0LCN September 30. 2D34 AOCCTUNT TAxPAYEA µHER On Fie LAST STMT./EST Auguu 31.2004 C) 0 m DESCRIPTION swax,cuso ACC' nit Walt/ PREY PARFET =PE ACCRUE() POMP ESIVATCO µM.14 &COME CUSRo EAT It 04 FANNIE MAE CMO/SERIES 2003.13 31392I0K2 S RCR4/0 TOR DATED DATE 02/25/03 BOOK ENTRY ONLY DUE03/292033 6.160% FACTOR . .59352801 Total Corporate8onds .V.RGN 29,676.398 12.8247 3.805,912 53.805.912 25,390 525.390 1.828.066 51.828.066 48.0323 TOTAL FIXEOINCOME 412.082.817 $124,112 44.711.565 C rn YOUR PORTFOLIOHOLDINGSACCRUED INTEREST S124.112 YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME 54.711.565 YOUR PRICED PORTFOLIOHOLDINGS S12.432.248 r 6SLOSEOCIA19- ANGS Repurchase and Reverse Repurchase Transactions with Bear, Stearns& Co. Inc.outstanding as of date of statement OtAftattl SIAM OM REPURCHASE DATE PRICNC RATE PURCRASt MCP MRCS.; ACCRUED REPO NTERESP COPAIITY dia µCORD CUSP OFSCIESPnC•I YOU SOLD GOVERNMENT NATIONAL MEG ASSOC (REPO) 07/09/04 10/12/04 1.790 -5.866.000 44.500 -44.000.000 38374F087 SERIES 2004-5 CLASS P 5.1387 02/20/33 YOU SOLD (REPO) 09/14104 10/12/04 1.980 -7.320,000 4,844 -50.000.000 3128CW67 F N L M C • STRIP PRINCIPAL ONLY 021 1001.43t07:40 CO1 Yen EFTA01320946

CLEARED THROUGH ITS *VOLLY IRO EASSIYARY rn 8 IJ if IJ IJ BEAR STEARNS OFFCE SERVICING YOUR ACCOUNT Bear. Steams & Co. ex. 383 Madison Avenue New Yak. New York 10179 7 a .7 Repurchase and Reverse Repurchase Transactions (continued) with Bear,Steams& Co.Inc. outstanding as of date of statement (continued) Rear. Son Stones Cam OY litereeeM Center Keen Ain Tot 112014038 FINANCIAL TRUST CO INC STMtIIEW7 WOOD September 1.2004 11.010J0.1 September 30.2004 ACCOLNI TIJOAKR NteMER CO Feb UST STAitlieWT Au9W 31.2034 PUFONSO RERIPEWASE RICK STMT DATE DATE RAZE PUROOSE wecv PRPICPAL ACCRUED REPO MEREST' OUNOTTY RACE &MOM) CUSP CCSOMMOR YOU PROVIDED FEDERAL HOME LOAN LUG CORP (MARGIN) 09/15/04 OPEN 0.000 40,000.000 313921132 SERIES 2488 CLASS SCI 6.291303/15132 YOU SOLO GOVERNMENT NATKINAL IATG ASSOC (REPO) 09/21/04 10/12/04 1.790 -2.816000 -1.400 -44.389.962 38374F044 SIRES 2004.2 CUSS S 5.421301/16/34 -n YOU BOUGHT (REVERSE) 09/23/04 OPEN 1.400 25.062.500 7,532 25.000.000 912828012 USTR 2.375008/31/06 C rn YOU BOUGHT (REVERSE) 09/27/04 OPEN 1.440 15037,500 2.163 15.000.000 912828CR9 USTR 2.750008/15/07 TOTAL REVERSE REPURCHASE TRANSACTIONS 540.100.000 49.695 TOTAL REPURCHASE TRANSACTIONS 5.1 6.002.000 5-32.744 r 09LOSEOCIA19- ANCIS •AA O ono — Transaction Detail INVESTMENT ACTIVITY SETWID0 WOE OAR DOE 194)IIACTIN MERVIN 09/02/04 08/30/04 BOUGHT ASa0ltusP OVAWrirr PRIE CEEIT AMOLN7 Cinee would! CALL TSY 4 3/4 08/14 9172250 25.000.000 0.67579 168.945.31 CORDONS STRK 101.8 EV 10108/2004 UNDERLYNG SEC *7004993 CCAR 5/0 08/31/04 AS OF 08/30/04 823 lekrue497.9 COI EFTA01320947

ES,EZZOO-V1.43 BEAR STURNS OFFICE SERVICING YOUR ACCOUNT Beer, Steams A Co. Inc. 383 Madman Men-c New York New York '0179 Transaction Detail (continued) 0 m INVESTMENT ACTIVITY (continued) SETROCIT TRADE DATE TATMACTICN 09/08104 09/08/04 09/08/04 09/06/04 09102/04 09/07/04 09/07/04 SOLD BOUGHT SOLD PRINCIPAL cim H 09/15/04 09/08/04 BOUGHT r 09/15/04 09/02/04 BOUGHT 09/15/04 08/10104 CANCEL SELL T9LOS£00 AD ANDS DESCRIPTOR GOVERNMENT NATIONAL MTG ASSN SERIES 2004.2 CLASS SG CUE 01/15/2034 11,200% 0987031317099 REF • 2004090257160000 BS UNITED STATES TREASURY NOTE DUE 07/31/2006 02.750% U 31 0988C00 YIELD 2.537 % 92099 TO MATURITY GVER REF • 62511004 Al UNITED STATES TREASURY NOTE DUE 08/31/2006 02.375% FA 28 0988000392099 YIELD 2,571 %TO IMTURITY OVER RE/ • 62511008 Al FEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 CL PO 0.001 DUE03,01232 PRINCIPAL REOUCIN 09-25-04 FNMA-30YR(FNMA)GTO SEIT.0W/04 DUE 09I01/2034 05.500% 0987000510332 REF al 2004090857710000 RS FNMA4uyKONMA>GTD SETT.09/44 DUE 09/01/2034 05.500% 0987031317099 REF • 2004090257220000 85 FroMA-30YR(FNMA)GTD SETI.09//04 DUE 09.01/2034 05.500% 0987290211332 REF • 2004081057320000 BS AS OF 05/10/04 TO Cn PREVIOUS SELL SYMON.10130 RUMMY CLEARED /14tOca3Tt WH041, t>1.7.10 /14DIRDRA, Rea ssre Secullei Cap. Ore Iterotecn Cater WWI Rooldr. rr. Tat 11201-31St FINANCIAL TRUST CO INC 4, 444...-447 n*40 Scctembcr 1.200E TTOTOTTON SepternDer 30.2004 ArnTIRT kLACAR Wawa 'OMER On Re µTT sTATETTERT Augat 31.2004 YIULl DOR µOJVT 01031 Al/OUNT 38374FCN2 .9.449,493 95.25000 9.000.642.18 ACCR. INT 64.676,53 912828C01 50,000.000 100.39063 50,195,312.50 ACCR. INT. 145,720.11 912828CU2 .50,CCO.CCO 99.62500 49,812,500.00 ACCR. INT. 26,243.09 3136FALCI1 -123.C419 M80197 10,000,000 101.60647 10.150.546.88 5A80197 20,000.030 101.37500 20,275,000.00 5A80197 30.000.000 100.82813 30,248,437.50 027 1001114:07:40 001 YMS EFTA01320948

- z C rn z r Z9L0SE00- O19- ANGS I8 b.) IJ BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New Yak. Now Yoh 10178 • Transaction Detail (continued) INVESTMENT ACTIVITY (continuos) SETTLDIENT TPAIX DAN DATE TRANSACTION CESCSSVION 09/15/04 09/08/04 CANCEL BUY FNMA-30YR(FAIMA)GTD 5080197 -10.000.000 GETT.09I/04 DUE 09.01/2034 05.500% 0987000510332 REF P 2004090857710000 BS AS OF 09.08104 TO OIL PREVIOUS BIN SYLNOLCJILIP MUM 09/15/04 09102104 CANCEL BUY FNIAA-30YR(R4MA)GTO SA80197 -20000.000 SEIT.09/104 WE 09/01/2034 05.500% 0987031317099 REP • 2004090257220000 BS AS OF 09/02/04 TO CXL PREVIOUS BUY 09115/04 08/10104 SOW FNMA-30YR(FNMA)GTO SA80197 -30.000.0W SETI.OW/04 WE 09/01/2034 05.500% 0987280211332 REF • 2004081057320000 BS OW15/04 PRINCIPAL FEDI HOME LOAN MFG CORP*502684 3128CWG7 SERE., 218 Ct. PO DUE 02/01/32 PRIN Te/0 0804 PA)09-15-04 REPO P a I 0.0000 CLEARED TLIROuGm OS Weis PALO SJOSIXtRY Sew. Sin Scats Cci. On) Varosch t Nem Cesar. Now SA 11201-N69 FINANCK TRUST CO INC srmsuort Pew. September 1, 2004 nolOJGH September 30.2004 ACCOUNT mall TAXPAYER MISER On Flo LAST PAYMENT ALIIIAS 31.2004 MCC cart wawa MN MOWN 101.60547 10.160.546.88 101.37500 20,275.00100 100.82813 30,248,437.50 336.255.00 09/15/04 PRINCIPAL FEDERAL HOME LOAN MEG CORP 3139276E2 -395.047 SEMES 2483 CI. SI. 5,291 DUE 03fl 5/32 PRINCIPAL REDUCTN 0945.04 09,15/04 PRINCIPAL FEDERAL HOME LOAN MEG CORP 31393FAF3 438.983 SERIES 2530 CUSS SE 5,691 CUE 02/15/32 PRINCIPAL REDUCTN09-15-04 09,15/04 PRINCEPAL FEDERAL HOME LOAN MTG CORP 31393FGB6 -188.303 SERIES 2528 CUSS SI 5.291 WE 02/15/32 PRINCIPAL REDUCTN 094544 027 i001.04.67:48 001 v843 EFTA01320949

In 8 IJ IJ 1-17 0 ii C in r E9L0SE00- O19- ANGS BEAR STEARNS OFFCE SERVICING YOUR ACCOUNT Beat. Steams & Co. Inc. 383 Madison Avenue New York. New Ycek 10179 10 wit Transaction Detail (continued) INVESTMENT ACTIVITY (continued) sentasto MOE DATE art 0923/04 0922/04 09/27/04 0924/04 09/27/04 09/27/04 09/27/04 TOTAL INTEREST DME ocsonpnett 09/01/04 AVG BAL 483.462RT 0.729 303.78 021 °FREE MEREST 0804 CLEATED nnts as WACALy OA7.E0 SuiSilatrY Bev. Sion Senn esp. Cr. natal en Rath 0/074”. We Tort 11201.3259 FINANCIAL TRUST CO INC STATItial PERO° SepteMb01 1.2004 7711104014 Seccomber 30.2004 ACCOUNT Farm TAXPAYER MASER On Fie LAST 'TRW' aguSt 31. 2004 111.411$411011 DESCRIPTOR EnOLCUSP 01.1141111Y MICE owl MCMI CREDO MOUE, BOUGHT UNITED STATES TREASURY NOTE 912828012 25.000.000 99.84375 24,960,937.50 DUE 08/31/2006 02.375% FA 28 0988003592099 AO:It INT. 37.724.45 YIELD 2.458 % TO MATURE!), GM REF 5 42661011 Al SCAD UNITED STATES TREASURY NOTE 912828CR9 -15.000.000 99.73438 14,960,156.25 DUE 08/15200702.750% FA 15 0988280293099 ACCR. INT. 48.199.73 YIELD 2.846 % TO MAMMY GVER REF a 62681022 Al PRINCIPAL FEDERAL RATIONAL MTG ASSN 3136FALOT 123.088.50 STRP MTG SERIES 322 CI. PO 0,C01 DUE 03/01f32 PRINCPAL PAYMENT 09-25-04 PRINCIPAL FANNIE MAE CMO/SERIES 2003-13 s Ramio FLTR 31392/062 -546.176 6.385 DUE 03/25133 PRRICPAL RECSICTH 09-25-04 PRINCIPAL FEDERAL NATIONAL MTG ASSN 31393C2C6 -275,184 SERIES 2003.49 cuss SW 5.385 Out 01/25.03 peeccsmi RF.DuCIN 09-25-04 5136.192.624.25 5135,055,745.68 904101:10/. WARM MR 1%) MST /VAUNT MST MOAT 09/15/04 FEDERAL HOME LOAN MTG CORP SERIES 2471 cuss VT cut 03/15(2032 1.000 IC Re OB-04 ND 094544 REPO P 5I 1.0000 31392R6U0 1.0000 21.525.8.5 027 14011204.07:49 001 Y063 EFTA01320950

0.04.000 TS:0CM ITS Ve441t4V wire SIA1S041.114 BUM"( STEARNS OFFICE SOWING YOUR ACCOUNT Beta. Steams & Co. Inc. 383 Manson Avenue New York. New York 10179 11 an 804/ Wants Swabia Cap. ow41040X.Ch Cele Mae laM1£ 9Y. to 2013959 FINANCIAL TRUST CO INC STATIMINT MPS= 5.4.44•Ifter 1. 2004 Transaction Detail (continued) INTEREST (continued) 11.040=4 010440100' 30.2004 *mourn %Nei ?Amoy( N111.4101 On Fie tAIT STATE...04T M915t 31. 2004 WC DESCR•InN SnaeuCuSe OLUNTITY WC OR DEW WOW CRUM nom 09/15/04 FEDERAL HOME LOAN MTG CORP 3139216E2 5.2910 67,500.81 SERIES 2483 CI. SE DUE 03/15/2032 5.291 INTEREST PAYMENT 094544 0 09/15/04 FEDERAL HOME LOAN MTG CORP SERIES 2485 CUSS SO 313927/32 6.2910 69.343.03 01X03/15/2032 6.291 NT RID 08-04 P/D 0.3•15.04 -n 09/15/04 REPO P & I 6.4000 FEDERAL HOME LOAN MTG CORP 31393FAF3 6.8910 83,430.59 SERIES 2530 CUSS SE DUE 02/15/2032 5.691 C MEREST PAYMENT 09.15434 in 09/1 S/04 FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI WE 02/15/2032 5.291 31393F686 5.2910 31319.67 INTEREST PAYMENT 09-15-04 09/16/04 GOVERNMENT NATIONAL MTG ASSN 38374FCM4 5.6000 196.53147 SERIES 2C04-2 CUSS S8 DUE 01/16/204 5.600 NE, 09.043 PA) 090644 REPO P & I 5.6000 r 09/20104 GOVERNMENT NATIONAL MTG ASSN SERIES 2004.5 CUSS PS 38374F067 5.3503 196.166.67 DUE 02/20/2033 5.350 off Re 08-04 PO 09-20-04 REPO P & I 5.3500 09127/04 FANNIE MM CMO/SERIES 2003-13 31392/04(2 6.3850 160.909.29 P9LOSEOCIA19- ANGS S RCR4/0 FUR CUE 03/25/2033 6.186 MEREST PAYMENT 0945-04 Ca7 113.01.04.97:00 001 Yes EFTA01320951

0 0 F I C in r S9L0SE00- O19- ANGS BEAR STEMNS OFFICE SF_RYICavG YOUR ACCOUNT Bear. Steams & Ca. Inc. 383 Maclean Avenue N 12 ern Transaction Detail (continued) INTEREST (continued) =MO THROWN Tie Maly Onttel) elen4D4Attr Aws Stonte$ Cap. ON Menne, Coma "AN etenent Nett en ¶1201.3$59 FINANCIAL TRUST CO INC steretanti 11ROD September 1.2034 THROG.4 September 30. 2004 ACtOuni TwerAyell matt On Fie LAST SWUM' AU9UM 31. 2004 DAVI IMSCRIPT104 Setillatell, SP OtiAlart RAO OM ow, 4.140.1XT CREDIT AvOten 0027/04 FEDERAL NATIONAL MTG ASSN 31393C2C6 5.3850 68.332.41 SERIES 2003-49 CLASS SW DUE 01/25/2033 5.385 INTEREST PATIENT 09.25.04 TOTAL 1897,263.55 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear, Steams& Co. Inc. 31111110011 TRADE DATE DATE TRANS...010N CO01111TIC41 STANICIJCUS• 0111/0111 DEOrt MONT CRI MOUNT 09/02/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN 38374FCN2 9.449.493 6.200.000.00 SIRES 2004.2 CLASS SG 11,200 DUE 01/18/34 FITM F2403144 A2 Wed REPO AGREEMENT 0602104 JOURNAL GOVERNMENT NATIONAL MTG ASSN 38374FCN2 -9,449,493 6.250.000.00 SERIES 2004.2 CLASS SG 11.200 DUE 01/1034 FILM F2463081 A3 REPO AGREEMENT 0902/04 JOURNAL GOVERNMENT NATIONAL MEG ASSN 38374F012 -9.449.493 7.283.000.00 SERFS 2004-2 CUSS SG 11,200 DUE 01/16/34 FM F2463081 Al REDO AGREEMENT 09/02/04 JOURNAL GOVERNMENT NATIONAL MEG ASSN 38374n/42 9,449.493 7.293.000.00 SEARS 2004-2 CLASS SG 11.200 °MOTOWN FITM F2463081 A2 REPO AGREEMENT 09/02/04 INTEREST GOVERNMENT NATIONAL MTG ASSN 38374FCN2 1.767.00 SERIES 2004-2 CLASS SG WE 01116/2034 11.200 ITDA 12403144 AZ REPO INTEREST 027 100t04.1)7:41 001 VMS EFTA01320952

ril 8 b.) b.) 00 00 BEAR STEARNS omce saws* YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Mackson Avenue New York. New York 10179 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (=not 6l 0 -n SETTLEVEW DAME DATE DATE 09/03104 09/03/04 09/08104 C rn 09/08/04 09/08/04 r 09/08/04 09108104 99LOSEOCIA19- ANGS mummy/ DESCRIPTOP4 JOURNAL FEDERAL 140ME LOAN MTG CORP SERIES 2488 CLASS SO 6 .400 DUE 03/1932 FDA F2323128 A2 TERM REPO AGREEMENT SnAKT.CUSIP 313927/32 DONT AMOUNT CLEARED THROUGH ITS voOLLY Ov..E0 Sunoture Sew Slams Seaton CO,. Ere 1141/OPICA CRAW NOM RTIOIAIT WA VAX 112014459 FINANCIAL TRUST CO INC STATV.err put co Decorator 1.2004 THROW.. Se;SOMDte 30. 2004 ACCOurn rAA4002 TAXPAYER msieE, On Pie LAST TrATVANT AL4ust 31. 2004 04100 AMOUNT 13.001.818 JOURNAL FEDERAL HOME LOAN MTG CORP smog 2488 CLASS SO 6.400 DUE 03/15/32 RDA F2473199 Al REPO AGREEMENT 313927J32 -13.001.818 JOURNAL GOVERNMENT NATIONAL MTG ASSN 38374FCN2 SUDS 2004-2 CLASS SG 11.200 DUE 01/18134 FILM F2463081 A4 TERM REPO AGREEMENT 9,4490493 72,000.00 6.250.000.00 JOURNAL FEDI HOME LOAN MPG CORP/0502684 31280.4)G7 SERFS 218 a. Po DUE 02/01132 F1TM F2523196 Al REPO AGREEMENI -79885.838 7.200.000.00 JOURNAL FEDI. HOME LOAN MTG CORP9S02684 3128LNUG7 SERIES 218 Cl. PO WE 02/01/32 FDA F2253180 A2 TERM REPO AGREDAENT 12,885.836 9,788,000.00 DELNERED UNITED STATES TREASURY NOTE WE 07131/2006 2.750 2,750 otm 070108 FDA F2190710 02 TERM RESALE AGREEMDIf 912828C01 -50.000.000 RECEIVED UNITED STATES TREASURY NOTE ODE 08,31/2005 2.375 F 2.375 Du( 08/31/08 ILM F2520885 Al RESALE AGREDAENT 912828CU2 50.000000 50.375.000.00 50.082.503.00 027 1COOLIDIO17,49 OM /0961 EFTA01320953

rn 8 tia IJ m SEMAIRDIT RUM DAL[ OAir 09108104 09108/04 09/0B/04 09/13/01 cim H 09/13/04 r 09/13/04 09/13104 L9LOSE00- 019- ANGS B&W STBcRNS EDUCE SERVICING 87JR ACCOUNT Bea'. Stearns & Co. Inc. 383 Mason Avenue Now York. New Yea 10179 14 # 17 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) ITt/JGOCIION DESOOPTION MEREST GOVERNMENT NATIONAL MTG ASSN SERIES 2004.2 CLASS SG DUE01/16/2034 11.200 FrtM F2463061 PA REPO INTEREST MEREST FEDL HOLE LOAN MTG CORP#502684 SERIES 218 Cl PO DUE02401/2032 0.000 FITM F2253160 A2 REPO INTEREST INTEREST UNITED STATES TREASURY NOTE DUE carmoce 2.750 HIM F2190710 A2 RESALE MUSS) JOURNAL FEDL HOME LOAN MTG CORP0S02684 DRIES 218 Cr PO DUE 02/01/32 FMA F2523196 AZ TEAM REPO AGREEMENT JOURNAL FEDI. HOME LOAN MTG CORPAIS02684 SERIES 218 CT. PO DUE 02/01/32 HEM F2573145 A3 REPO AGREEMENT JOURNAL FEDL HOME LOAN MTG CORP#502684 SERIES 218 0. PO DUE 02/01/32 nnA F2573145 Al REPO AGREEMENT JOURNAL FEDI. HOME LOAN MTG CORP.S02684 SERIES 218 CL PO DUE 02/01/32 FRIA F2573145 AT REPO AGREDAENT CLEARTO TRROUGR na %HOW( CANNED SURSOWIY Dee. Shen Soox0a Corp. Ore Weeptedi Comer Nonn IM I TT AATT 112.01.3123.9 FINANCIAL TRUST CO INC snazierrt PIT= SOCCOMber 1.2004 ThRanAt Dotemme 30.2004 Ad:COerr .40.1001 TAXPAYER MASER On Fie LAST STATEINNT ARCO,/ 31.2004 STIMOUCUSIT GUMMY wren mono CRITIO ANCON1 38374FCN2 1,968.75 3128CVUG7 13.213.80 912828001 54,614.90 31280/1167 12.885.836 7,203,030.00 3128CVUGI .12.885,836 7,200,000.00 3128CVUG7 42.885.836 9.680.000.00 3128CVUG7 12.885.836 9.680.000.00 027 10121104.07:411 COI YOU EFTA01320954

°FARED 11.10IACA. as VolCAY erne SIJOSIAAAY BEAR STEARNS Celt( SERVICING YOUR ACCOUNT Ben. Steams & Co. Inc. 383 maclison Avenue New V022. New Yolk 10179 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (orange) summon PRIX OAR OAR 09/13/04 0911404 m 0904/04 09/1404 cim H r 29L0SE00-O1D-ANGS 8 O ORD 5/04 MOISACEN 02000711771 INTEREST FEDL HOME LOAN MTG CORPOS02684 SERIES 218 CL P0 WE 02/0112032 0.000 mkt F2523198 AZ REPO INTEREST JOURNAL FEDL HOME LOAN MTG CORPOS02684 SERFS 219 a PO DUE 02/01/32 RIM F2573145 44 TERM REPO AGREDADIT JOURNAL FEDL HOME LOAN MTG CORP4002884 SERIES 218 CL PO DUE 02/0 1132 HIM F2583256 Al REPO AGREEMENT INTEREST FEDL HOME LOAN NIG CORP#S021384 SERIES 216 CL PO WE 02/010032 0.000 Erne F2573145 M REPO INTEREST JOURNAL FEDERAL HOME LOAN MTG CORP SERIES 2488 CLASS SO 6,291 DUE 03/1502 TAM F2593287 Al REPO AGREEMENT 09/15/04 JOURNAL FEDERAL HOME LOAN MTG CORP SERIES 2488 CUSS SO 6.291 DUE 03/15/32 rum F2473199 A2 TERM REPO AGREEMENT OW15104 INTEREST FEDERAL NOME LOAN MTG CORP SERIES 2488 CUSS SO DUE 03/15/2032 6.291 FITM F2473199 A2 REPO INTEREST Dm. Stems Swats to-(. litinzetn Caw nem Nes at 112014659 FINANCIAL TRUST CO INC STATERENT ICAO° SOROMbOt 1,7004 110t6JCA Sopcombor 30.7031 ACCOLMT TARAWIR PAAJOER On Fie LAST STATEUZYT A1941 31. 2004 SYMKOCUSP 0107RRI OEM Asa CRICal 92A0010 312BCYUG7 1.800.00 3128CVUG7 12,885.836 7,200,000.00 31280AJG7 42.885.838 7,320,003.00 31280A1G7 472.00 313927/32 -12.6.50401 313921/32 12.659.401 72.000.00 313927/32 45.38 027 1001/022)7A0 COI Ass EFTA01320955

I9VEZZOO- V.L.43 BEAR STEARNS orra SERVICING YOUR ACCOUNT Bear. Stearns & Co. Mo. 383 Madsen Avenue Now York. New York 10179 16 an 0 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (oonunuecl) senuuon DATE tatt ITUJ4SUCTION easowyEAL snwoucusw OWNEITY 09/21/04 09/21/04 JOURNAL JOURNAL GOVERNMENT NATIONAL PAM ASSN SERIES 20042 CLASS 58 5421 . OUE 01/18/34 WM 12653155 Al REPO AGREEMENT GOVERNMENT NATIONAL MTG ASSN 383741CM4 383745044 .41.695.395 41.695.395 SERB 2004.2 CLASS 58 5.421 DUE 01/16/34 -n FIRM 11913154 82 TERM REPO AGREEMENT 09/21/04 INTEREST GOVERNMENT NATIONAL MTG ASSN 38374F044 SERFS 2004.2 CLASS 58 DUE 01/16/2034 5.421 in z 0923/74 RECEIVED HIM 11913154 82 REPO INTEREST UNITED STATES TREASURY NOTE DUE 08/31/2006 2.375 2.375 DUE 08/31/06 912828CU2 25.000.000 FMA F2670490 Al RESALE AGREEMENT 0903/04 DELIVERED UNITED STATES TREASURY NOTE 912828CU2 -50,000,000 DUE C6/3142008 2.375 2.375 DUE 08/31/06 r FILM 1252088$ A2 TERM RESALE AGREEMENT 09/23/04 INTEREST UNITED STATES TREASURY NOTE 912828CU2 DUE 08031/2006 2.375 RIM F2520885 A2 RESALE INTEREST 09/27/04 RECEIVED UNITED STATES TREASURY NOTE 912828CR9 15.000.000 _ 69LOS£00 INS ANOS DUE 08152007 2.750 2.750 CUE 06/1507 HIM 1271c:662 Al RESALE AGREEMENT CLEANED THROUCH n1 WNELLY ouwan wow way Sac Sturm Scut in Cap. One MontiAlt Corte Math New Min 112014819 FINANCIAL TRUST CO INC STATEMENT PE74700 102tenter 1.2004 isa012077 Sostamere 30. 2004 ACCCLOrt SWUM tmenYin 7.VADER On rle LAST sTATTWENT AUSEnt 31.2004 CCM MOW Gaon AmOLMI 2.816.000.00 3.7394:00LO 1%757.44 25.062.500.00 50.062.500.00 22.361.25 15.037.500.00 TOTAL 5-147.607.524.35 5148.335.476.15 . 027 1001,0470749 COI 1563 EFTA01320956

rn 8 IJ 1.2 10 4a. 1.0 0 -n z C in z r OLLOSEOCIN9- ANGS BEAR STEARNS OFFICE SERVICING CUR ACCOUNT Rear. Steams & Co. Inc. 383 Madison AVOW* New YOlk. New York 10179 17 a^ Transaction Detail (Continued) MISCELLANEOUS art 1.30DAV TRAIRICTON DeiCele11014 OFtT AMOUNI CRUM Am,:b1/1 09/02104 JOURNAL FRO MA 10.32 09/11/04 JOURNAL FNIAA-30YR(FNMA)GTO 1871051.38 SETT.09804 5.500 DUE 09131/14 MKS NET 09114/04 09/18.134 JOURNAL AUG 04 SPEC CLEARING FEES 300.00 TOTAL S-187.419.70 Trades Executed Pending Settlement SIMLOADit 1200E DAR DAR TROGACI1ON OCSCRPTIC111 61100C1/CUSP 01.2111109 eta DI NT AMCOR MCC MOM 10/14/01 09/22/04 BOUGHT FNIA.4.40YR(FNMA)GTO 5A80009 10000.000.00 101.8359 10.183.593.75 SETT.10.434 DUE 10101/2034 05.500% 0987021011332 REF r 2004092257810000 85 10114/01 09108/04 SOLD FNMA.30YR(F1414/)611) 930009 .10.000.000.00 101.3125 10,131,250.00 SETT.10/04 DUE 10/01/2034 05.500% 0987000510132 REF a 2004090857720000 85 TOTAL 510,183,593.75 510,131,250.00 The PO area rat do 4100.14th -9204 MICIOA 010is Memel. 01) 1001/04.0749 001 "43 CLEARED Int0t4ii ITS man , mmIDD StalSOvir, Sew Senn Seru,ies Cap. Ono WO ' Carter 1401/1 OICOnr. 'ter Yon 11201.3269 FINANCIAL TRUST CO INC STATELEP.7 PERM September 1.2004 TheCoOm September 30.2002 ACOOL•41 I/P:PAYER Pamela on Me Lan STATE14ENT twat 31.2004 EFTA01320957

0.1.06J) TAR040.4 rte 141434.LY OVALED SuSSOARY 0 m 5 m r ILLOSEOCIN9- ANGS BEAR SIMMS OFFICE SERVICING NOVA ACCOUNT Sear. Stearns b Co. Inc. 383 Madison Aver,:e New Yak. Nen, • 4. 0179 Be.,. Swots Seoul*, Com. Ore I/onto Came, Man itocnr. Nes Vat 11201.3t49 FINANCIAL TRUST CO INC ACCOUNT EXECUTIVE GNMA GOVT BONO VISIT OUR MIME wavybearstOams cern What's In This Statement Financial Summary 3 I I I FINANCIAL TRUST CO INC srmainer Auto° Tilectocal Aryl> pa KAGIAJN TAxPAYER row, LAST mAn-oeNy July 31. 2004 ALguSt 31.2004 On Fla July 10.2004 Your Portfolio Holdings 4 WO JEFFREY EPSTEIN Transaction Detail 7 6100 RED HOOK QUARTER Trades Not Yet Settled 14 STE B3 ST THOMAS Vi 00802 Your Portfolio at a Glance TOTAL VALUE CC SECURITIES NG PERIOD 12,698.148 Cron a N uimei Market Value of Your Portfolio 548.511 53.971 LONG ACCRUED MEREST 144,104 ENS 512.698.148 Kane NET CREDIT BALANCE 48.513 Conant market value NET EQUITY TN$ PESSOCI $12,890,765 is last statarrana martat value NET EQUITY LAST STATEMENT 11,475,709 CHANGE SIC LAST STATEMENT 1.415.056 There are rt"Stop Lose orders a other pending buy or sell open orders on Ale roc yaw tiCCOunt. Ski 11/14 Aran is ex itorweicaN moms orti. t Is Ax a tax es:anni. 71S stigenert fetid In named Re "tar newt Sae item sake ,eat.1 voteraeca 02? 0A01.04.011.31 001 EFTA01320958

CISARED THIOUOM ITS V.1.0.LY OHM) SLOSCIARY Leo. Uurci SPINS 03, One klattilth Coe Pat Omaha. Sea York 11201.1859 FINANCIAL TRUST CO INC 2 oils 0 z-n C in z -H r ZLLOSE00- 019- ANGS 8 b.) b.) STATEMENT BACKER IS PRINTED ON THIS PAGE 037 OP01)0401 II CV VB62 EFTA01320959

BEAR STEARNS OFFICE SERVIOr45 YOUR ACCOUNT Bear. Steams b Co. Inc. 383 Ma6son Avenue New York. New Tot 10179 3 Cash Flow Analysis file PDX° Income Summary 7103 VICO TEAR MOM OpenIngEtalarroa Securities Sold DiridendsAnterest 53.971.20 259,156,483.49 1.044.009.74 U.S. Govt. Bond Int. Gent. Agency Lg. Cap. Bend Int. Credit Balance Int. 11,209.24 864.599.88 168,044.57 156.05 294,052.65 7.065.800.47 1,557,101.84 559.25 0 z -n Amount Credited Securities Bought Diriderdsanterest Charged Miscellaneous 5270,200,493.23 -269,95%006.50 -196,161.68 -782.76 Reverse Repurchase Int Total Bona Purchase Int. Margin Mt. Paid 59,273.54 $1.103.28328 .195.16168 0.00 163.790.28 59.081.304.49 -929.102.64 .1.770.70 Repurchase M. E . -9.818.25 ,128,719.56 C rn z Amount Debited Net Cash AcOnly Closing Balancer $-270,155.950.94 44.542.29 548,513.49 Portfolio Composition Cashtash Equivalent 48.513 Feed Income 12.698,148 r Cash Balance Summary 011£741,C CLOSAG Total 512,746,661 Margin 3.971.20 48.513.49 Net Cash Balance 53,971.20 548.513.49 ELLOSEOCIN9- ANGS 027 0x01040071 001 =MEP 1144003H n vma. "NCO SUBSIOW1rf Oar. Sten Se0/14173 Cop. Cm WM407 Own *eh Plat rot 11201.3859 FINANCIAL TRUST CO INC STA7774”.7 PEROD July 31. 2004 TH00.444 Swat 31.2004 ACCOWT wiceet 1.4xPAyen numb= On Flo LA37 STATWENT July 30 2004 Your Portfolio Allocation Cata Er/Jalrient, c1% Fired income 99% eras, man ant. eat Mayo way nO way pas Tfrolayalen payntia 4 004.4 ten e. tenant sane aye N yo.0 µmob 'as, EFTA01320960

CLUSE0 TW1OUCIrt ITS allOur Omit> Su&Man 0 -n C in r PLLOSE00- 019- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue i iiiiaiork 10179 4 a •. Your Portfolio Holdings CASH 2. CASH EQUIVALENTS DISLOPON CASH BALANCE TOTAL CASH & CASH EQUIVALENTS 548,513 111.03:1-CvSt. OUANDMY MUMS ISIIVARD CURRENT ILIJI LINUAI WOK 1100 00 48,513 FIXED INCOME Government 8 Agency Obligations LOOMS SnaeueuSe ALL, ern me Ma MARKO YAWL AMMO HMIS ISM= Ana WORM CURRFIrt MOON FEDERAL HOME LOAN MTG CORP 31393053 MRGN 17,261,501 9.6502 1,665,771 44.496 1.001.167 60.1023 SERIES 2530 CLASS SE DATED DATE 10111/02 BOOK ENTRY ONLY DUE 02/15/2032 5.800% FACTOR • .28769169 FEDERAL HOME LOAN MEG CORP 31393F086 MRGN 7.404.371 8.7803 648.644 17.771 399.836 61.6418 SERIES 2526 CLASS SI DATED DATE 10/01/02 BOOK ENTRY ONLY DUE 02/15/2032 5.400% FACTOR - .26769168 FEDERAL NATIONAL MTG ASSN 3136FALQ1 MRGN 4,278.010 83.7656 3.583.502 3 43 0.0012 STRIP MTG SERIES 322 CL PO DATED DATE 03/01/02 800/2 ENTRY ONLY DUE 03/01/2032 .001% FACTOR - 1.00000000 FEDERAL NOME LOAN MTG CORP 3139216E2 MRGN 16,000,179 8.3346 1.250.208 36.001 810,010 64.7900 SERIES 2483 CL SL DATED DATE 07/02/02 BOOK ENTRY ONLY DUE 03/1512032 5.400% FACTOR - .28003635 Bea. Shin Swaim Corp. • Ihreate, Cater Nor0 Wargo% New Yon 11201.3859 FINANCIAL TRUST CO INC STATEuEkt PERIO0 JL 31. 2004 TanOUGH Aug.& 31. 2004 AMC NT FauweER 1AXPA11/1 NWIER On Ilk WT STATEWVIT Sty 30. 2034 an 0a0104L0 COI 015.3 EFTA01320961

c/LARIO n41003,1 IS WmCur OASED Sutt&Oar 0 -n C rn r SLLOSE00- 019- ANGS BEAR STURNS OFFICE SERWCMG YOUR ACCOUNT Beat Stearns & Co. Inc. 383 MOW Avenue New York. New York 10179 5 4.14 Your Portfolio Holdings (continued) Government E Agency Obligations (coMintioa) Of.SCRP113% SMOOLCUSJP 140 rag Worm IOARKR VALUt ACCRUED MEREST [STUMM natill POW" CURRENT YIELD N FEDERAL NATIONAL MTG ASSN 31393C2C6 PARCH 15.227.278 9.7794 1,489,130 13.668 819.989 55.0650 SERIES 2033-49 CLASS SW DATED DATE O4/3O103 BOCK ENTRY ONLY CUE 01/25/2033 5.385% FACTOR .62646272 Total Government& Agency Obligations 58.637.255 5111.939 $3.031.045 Corporate Bonds •CCI ACCRUED ESIMUO) CUOMO DESCIW11OR STWarCUSIR ME OUARTITY MX MAUI MA MEREST WW1 MCCUE MAD CO FANNIE MAE MO/SERIES 2003-13 31392.062 MRGN 30,222.674 13.4366 4.060,893 32.165 1,929.711 47.5194 $ RCRJO FITR DATED DATE 022103 BOOK ENTRY ONLY DUE 0312572033 6.385% FACTOR - .60445153 Total Corpaate80nOs 54,060.893 532,165 51.929.711 TOTAL FIXED INCOME 512.698,148 5144,104 54.960.756 etas Swam Secvlun Cap. One Veroteat Cots WV. &ccit” New Vat 11201.ISSS FINANCIAL TRUST CO INC STATIMM RMOD RR 31, 2004 TalCv0.4 N.gutt 31. 2004 ACCOlon WM= 74/O.Aven WARP Oil FIB USE STATaltrIT ADE 30. 2004 YOUR PORTFOLIOHOLDINGSACCRUEO INTEREST 5144.104 YOUR PORTFOL JO HOLDI NGSESTIMATED ANNUAL INCOME 54.960.756 YOUR PRICEDPORTFOLIONOLDINGS 512.746,661 027 COO7O4a It O1 EFTA01320962

8917EZZOO- V1.43 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams 8 Co. Inc. 383 Madison Aven.Je New York_ New )r4. "0176 6 o. -1 Repurchase and Reverse Repurchase Transactions with Bear, Stearns& Co. Inc. outstanding as of date of statement Ulan RROUGH ITS *Nat, ant&D SLAISIDIARY Ser. son SeurileS Cap. eno lames, C4rby fir New Ret 11201.31i$9 FINANCIAL TRUST CO INC STA- niENT PEAR° My 31.2004 THROUGH Augn 31.2004 AC,CPAT swags TAxPANTR MAWR On Fie LAST (moment Joy 83.2004 PUICHASEI SUM DATE REPUROOM OAR PM CPC PAR PUROMSE IRKU PRISON/ ACCRUED SOO NRRIST• OUMAYTTY OAR MOUIII1 CYSN OESOMICN YOU SOLD GOVERNMENT NAMNAL PAM ASSOC (REPO) 07/79/04 10/12/04 1.790 -3.739.000 -10,039 -44.389.962 38374F044 SERIES 2004-2 CUSS S 5.6000 01/16/34 0 z -n YOU SOLD (REPO) 07/09/04 YOU SOLD (REPO) 08/12/04 10112/04 09/13/04 1.790 1.800 -5.866,000 -9.788.000 .15.750 4,788 -44.000.000 ‘50.CCO.000 38374F087 3128CVUG7 GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-5 CIASS P 5.3500 02/20/33 F H L M C • STRIP PRINCIPAL ONLY YOU PROVIDED FEDERAL HOME LOAN MTG CORP in (MARGIN) 08119/04 OPEN 0.000 -500:0030 31392//32 SERIES 2488 CLASS SO 6.4000 03/15/32 z J YOU SOLD (REPO) 08/27104 09)02/04 1.710 4,20;0.030 -1.472 -10.000.000 38374FCN2 GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-2 CLASS 5 11.2000 01/16/34 YOU BOUGHT USTR 2.750007/31/06 (REVERSE) 08/06/04 OPEN 1.290 50.375.000 41.601 50,000.000 912828001 r TOTAL REVERSE REPURCHASE TRANSACTIONS 550.375.000 541.601 TOTAL REPURCHASE TRANSACTIONS S-25.593.000 5.37.049 _ 9LLOS£00 IND ANOS 'Al d sisist *et 021 OPOODOIll 31 041 V862 EFTA01320963

0 E I r LLLOSE00- IN9- ANGS BEAR STUWNS °FEIGE SERVICING YCAIR ACCOUNT Ber. Staems & Co. Inc. 383 MacAson Avenue New York. New York 10179 7 Cil4 Transaction Detail INVESTMENT ACTIVITY StntEeDir non OME MAISACM11 COCAFTION 08/02/04 07/30/04 BOUGHT StIMCIAXISIP OUMEllY CUAnD ~art ne ~DUS ~ED SuaSevar kw. Sona Senrisn Ore ~ovan Gni« Pan, 8rocikir. Ne* Verk 11201.3859 FINAHC/AL TRUST CO INC ITAiner of P500 Mi 31. 2004 ~ene August 31.2004 AN, . Ni Nina ~Amt ~MER On Rie SUT!~ My 30.2004 UNITED STATES TREASURY NOTE 912828080 25.000.000 100.12891 25.032226.56 ODE 06/30/2006 02.750%10 3D 0988000592099 /CCRMT. 81.650.82 HELD 2.680% TO MATUREN OVER REF * 02121013 Al 08/0VO4 07/30104 BOUGHT UNITED STATES TREASURY NOTE 912828CM0 50.000.000 100.12891 50.064.453.13 DUE 06Ø200602.750%10 30 0988000592099 /CCR INT. 123.301.63 AUD 2,680 % TO MATURRY GVER REF • 02121013 Bl 08/02/04 07130/04 SOLD UNITED STATES TREASURY NOTE 912828001 -25.CCO.000 100.06250 25,015,825.00 DUE 07)31/2006 02,750% D 31 0988C00792099 ACCILINT. 3.736.41 NEID 2.718 % TO MATURITY GVER REF 4. 62121008 Al 08/02/04 07130/04 SOLD UNITED STATES TREASURY NOTE 912828001 -50.030.000 103.08250 50.031.250.00 DUE 07)31/200602.750% II 31 0968000592099 ACCR. INT. 7.472.83 YIELD ,718 % TO MATU GVER RE2F • 621211008 BlRITY 08/08/04 08/05/04 BOUGHT UNITED STATES TREASURY NOTE 912828071 25.000.000 100.24219 25.080.548.88 DUE 07/3020345 02.750% År 31 0988280293099 ACCR. INT. 11.209.23 Yale. 2624% TO NATURDY OVER REF e 62181004 Al 08/12104 08/10/04 BOUGHT FEI* HOME LOAN ARG CORP8S02684 3128CWG7 13.222.091 82.43750 10.899.961.68 SEILES 218 CL PO DUE 02/01/2032 0987021011332 REF • 2004081057470000 ISS 08/16/04 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392T6E2 -363,943 SERIES 2483 CL SL 5.620 DUE 03/15132 PROKVAL RECUCIN 08.15-04 08116/04 PRINCIPAL FEDERAL HOME LOAN MTG CORP 313927/32 -315.458 SERIES 2488 CLASS SO 6.620 DUE 03t15.02 PRMCIPAL RECUCIN 08-15-04 en elen/04reni Wl yen EFTA01320964

0.EARED 9,0101.1014 ITS ~Oar 04000 Subinner OLVIZZOO- V.L.43 0 -n C in z r _ SLLOS£00 IND ANC'S BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madam Avenue New York. New York 10179 8 re Transaction Detail (continued) INVESTMENT ACTIVITY (cortinued) SEVIESP00 TRADE WA WE nt./68911991 08/16/04 PRINCIPAL 08/16/01 PRINCIPAL 08/16/04 PRINCIPAL 08/18/04 WIRED 06/2004 JOURNAL 06,25634 PRINCIPAL 09/25/04 PRINCIPAL 0825104 PRINCIPAL TOTAL ow. Rearm Stones Co0 ow ranrceere Wow 41901 111014459 FINANCIAL TRUST CO INC STATINEHT 01.000 Jut) 31.2004 1909:0014 0.94i 31.2004 AcCOuNT KAMA Tan, NAOS On Fie 095010,10N simialCuW Gummi LAST STATOSNT YR2 our 41/0.ta July 30. 2,304 411.011 4910100 FEDERAL HOME LOAN MEG CORP 31393FA53 -430507 5 SEWS DUE 25302/ 0 CUSS SE 15/32 ,020 PRINCIPAL REDUCTN 06.1544 FEDERAL HOME LOAN MTG CORP 31393F066 -186,183 SERFS 2526 CLASS SI 5.620 DUE 02/15/32 PRINCPAL REDUCTN CO3-15-04 GOVERNMENT NANCNAL MTG ASSN 38374F012 100872.80 SERIES 2004 2 CUSS SG 11.620 DUE 01/18034 PRIN PJD 06-04 PM 08-16-04 REPO P & I 11.6200 PUT TSY 3119 05/07 9258526 -50.000.000 EuROPoen3/2 ut SERE 99-r3 004 FEDERAL HOME LOAN MEG CORP 31392T132 3 SERIES 2488 CLASS SO 6.400 DUE 03/15132 ADJUST POSITION FEDERAL NATIONAL MEG ASSN 31360101 100962.15 SIRP MTG SERIES 322 CL P0 0.001 DUE 03/01/32 Pim WO 07-04 R/0 C41-2541 REPO P &I 0,0000 FANME MAE CMO/SERIES 2003.13 313921002 -560215 S RCR40 FLTR 6.550 DUE 03/25/33 PRINCIPAL MUM 08-2544 FEDERAL NATIONAL MTG ASSN 31393C2C6 .284,273 SERFS 2003.49 CLASS SW 5.550 DUE 01/25/33 PRINCIPAL REDUCTN 08.25434 5.111.253.349.93 $75.265.919.19 01.03/331 Col 31 001 V962 EFTA01320965

rn 8 1.2 IJ -a C) 0 m rn r 6LLOSEOCIND- ANGS BEAR STEARNS OFFICE SERVICANG YOUR ACCOUNT Boat Stearns & Co. Inc. 383 Madison Avenue New Yod, New Yoh 10179 9 0i /A Transaction Detail (continued) 8383.1111112 MOM 1111101.1011 A1731.2004 Newt 31.2004 ACCOU111 wagon 72201AVIR SLAW 011 Fla INTEREST tan aucitecr hay 30.2004 DATE DESCRI11011 SYMBOUCUSt Ouumw RATE ON Dan amown CREDO 11.0810 08/02/04 AVG BAL 311,731RT 0.581 156.05 021 OFFICE INTEREST 0704 08/16104 FEDERAL NOME LOAN MTG CORP 31382R6U0 1.0000 22.048.12 SERIES 2471 CLASS YI DUE 03/15/2032 1000 NT ED 07-04 FID 08-15-04 REPO Ps I 1.0000 08/16/04 FEDERAL HOME LOAN MEG CORP 31392T6E2 5.6200 71.055.30 SEEMS 2483 Ct St DUE 03/192032 5.620 INTEREST PAYMENT 08-1544 08/18/04 FEDERAL HONIE LOAN MTG CORP 313927132 8.8200 73,486.97 SERIES 2488 CLASS SO DUE 03/15/2032 6.620 MEREST PAYMENT 06-1544 06(1804 FEDERAL HOME LOAN MTG CORP 31393FAF3 6.0200 88,774.97 SERFS 2530 CUSS SE DUE 02/15/2032 6.020 INTEREST PAYMENT 08-15-04 06/16/04 FEDERAL HOME LOAN MTG CORP 31393F085 5.6200 35.650.03 SERFS 2526 CUSS SI DUE 02/15,2032 5.620 MEREST PAYMENT 001544 08/16/04 GOVERNMENT NATIONAL MTG ASSN 38374FCM4 5.8100 205,817.52 SOHES 2004-2 CUSS SE DUE 01/16/2034 5.610 NT RIO OB-04 PID003-18-04 REPO P & I 5.8100 0828/04 GOVERNMENT NATIONAL MTG ASSN 38374FCN2 11.6200 92,479.38 SERES 20042 CUSS SG CUE 01/16/2034 11.620 NT RA) 08-04 ND 00-16-04 REPO P & I 11.6200 0.9/880 Illear8. RS 22.0.er 09119) SLOSAARY 8•Ar Stearn s.o C09. Ono MeUclen ce 1190 80388/3 VS Yea 11201.3869 FINANCIAL TRUST CO INC az? 0•01.64:6•31 001 81182 EFTA01320966

CLUJI10 100OUGn rts WHCIAY 00140 fueS0mAre Tn 8 b.) IJ 10 IJ BEAR STEARNS OFFICE SOWING YOUR ACCOUNT Bear. Steams 6 Co. Inc. 383 Madison Avenue Ne l i a la m let 10179 10 a' Transaction Detail (continued) INTEREST (contInued) W. Sun Sawn., Cap ON Monauch Coeur North Nat V0111201.3555 FINANCIAL TRUST CO INC STATEMEM P!m MI 31.2004 ninoo3N August 31. 2004 ACCOUNT WISE* TAXPAVIIA NUIS On Ft LAST STAIBCC July 30.2004 out Oacatimi SYMOUCUSIP OLusanY RATE (10 onrt ANORNI CRUM MONO 08720104 GOVERNMENT NATIONAL MTG ASSN 38374FD87 5.5300 202.766.67 SERIES 20045 CUSS PS CUE 02720/2033 5.530 MT RA) 07-04 100820.04 REPO P I 5.5200 06/25104 FANNIE MAE CMO/SERES 2003-13 31392,0K2 65500 188.044.57 S RCR470 FOR DUE 02/2572033 8.550 -n INTEREST PAYMENT 03-25-04 08/25/04 FEDERAL NATIONAL MTG ASSN 31393C203 5.5500 71.740.92 SERIES 2003.49 CLASS 9N C CUE 01/25/2033 5.550 INTEREST PAYMENT OB-25-04 TOTAL S1.032000.50 in z REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Steams& r 08L0SE00- O19- ANGS StRIAWAT nu% OME GATE IRAICSACTON COMPTON SonoutuSIP 04046/TAY NM NAOMI CREDIT MOST 08/02704 JOURNAL GOVERNMENT NATIONAL MTG ASSN 38374FCN2 9.550.385 8.225.000.00 SERIES 2004.2 CLASS SG 11.620 DU 0106/34 "MA 3201 AZ TERM REPO 0 AGREEME NT 08/0204 JOURNAL GOVERNMENT NAMONAL MTG ASSN 38374FG/72 -9.550.365 7.080.000.00 SERFS 2004-2 CLASS SG 11.620 DUE 01/18/34 FILM F2153351 Al REPO AGREEMENT DELIVERED UNITED STATES TREASURY NOTE 912828CM0 -75,000,000 75.582.500.00 DUE 0873072008 2.750 2.750 DUE 0640,06 FITIA F1910574 A2 TERM RESALE AGREEMENT 08/02/04 027 09,0104:0111 041 YM2 EFTA01320967

ELI7EZZOOV1.33 (-) 0 m r _ T8L05£00 IND ANGS BUR STURNS OFFICE SERVICING YOUR ACCOUNT Rear. Steams b Co. Inc. 383 Madion Avenue New York. New York 10179 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) ~ITN THRCUCO4 Ra mac( 4461401ARY eRN Somorm Sins C . One FANnach term North Meat Yon 11101.3849 ISNANCLAL TRUST CO INC STATVADa PER00 Jul/ 31. 2004 TI4C00.4 44gu1t 31. 2004 ACCO.Nrr TWAYER µ4.43ER On Rio LIST STATEMENT .k 30. 2004 SMO4ENT WADE DAR CATE 111/44SACTON DESCRINDON SYMOUCLISIP OLIVIMY 01011 AVC4N1 CREPT AAMUNT 08/02/04 RECEIVED UNITED STATES TREASURY NOTE 912828C01 75.000.000 75,375,000.00 DU750 DUE E 07/31/2C06 /31/06 2.750 2. 07 ATM F2151023 Al RESALE AARE/MEW 08/0204 INTEREST GOVERNMENT NATIONAL MTG ASSN 313374FCN2 1,348.76 SERIES 2004-2 CUSS SG WE (31/16/203A 11.620 FIM 12103201 Al REPO INTEREST 06/02/01 INTEREST UNITED STATES TREASURY NOTE 9128280/0 50.416.98 DUE 08/302806 2.750 REM 11910574 A2 RESALE MEREST 0806/04 RECEIVED UNITED STATES TREASURY NOTE 912828001 50.000.000 50,375.00000 DUE07/3120» 2.750 2.750 DUE 070105 FDM 12190710 Al RESALE AGREEMENT 08/06704 DELIVERED UNITED STATES TREASURY NOTE 912828C01 .75,000.000 75.375.000.00 DuE 07/31/2008 2.750 2.750 PU10701/08 FIM 12151023 A2 TERM RESALE AGREEMENT 0806/04 INTEREST UNITED STATES TREASURY NOTE 912828001 8.856.56 Due 07/31/2006 2.750 FINM 12151023 .2 RESALE MEREST 08/12,04 JOURNAL FEDL HOME LOAN MFG CORPWS02664 31280/107 .13.222091 9,788,000.00 SERIES 218 a PO DUE 0201132 HIM F2253160 Al WO AGREDADO 0012/04 .10UidAL FEDERAL NATIONAL MTG ASSN 3136FALQ1 4.278;10 STRIP MIG SERIES 322 CL PO 0.001 WE 03/01/32 HIM 11913156 Am TERM WO AGREEMENT 02? 00101431;00.41 001 1•13 EFTA01320968

tLrEZZOO-V133 BUR STURNS OFFICE SERVICING YOUR ACCOUNT Boar. Steams & Co. Inc. 383 Madison Avenue New Yeah. Plow York 10179 12 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASETRANSACTIONS (cconnued) SEMAMEN1 02404 0A11 0411 0(017/04 0 08/16104 m 0611604 08/111/04 cim H 08127/04 r 08727/04 08127/04 Z8LOS£00 IND ANDS litIASPCI1ON CESCAPTICOI JOURNAL FEDERAL NATIONAL MTG ASSN 0. MTG SERIES 322 CL PO 001 EWE 03/01(32 Rim F2251277 Al REPO AGREEMENT JOURNAL FEDERAL NATIONAL MTG ASSN MAP MTG SERIES 322 CI. PO 0.001 DUE 03/01(32 FTTM F2253277 .42 TERM REPO AGREEMENT INTEREST FEDERAL NATIONAL MTG ASSN STep MTG SERIES 322 CL PO DUE 030112032 0.001 mu F2263277 A2 REPO MEREST JOURNAL FEDERAL HOME LOAN MTG CORP SERIES 2488 CUSS SO 6.400 DUE 03/1542 F11M F2323129 Al REPO AGREEMENT JOURNAL GOVERNMENT NATIONAL MTGASSN SERIES 2004.2 CLASS SG 11.200 DUE 01/16/34 FILM E2403144 Al REPO AGREEMENT JOURNAL GOVERNMENT NAMELY. MTG ASSN SERIES 2004.2 CUSS SG 11.200 DUE 01/16/34 FRM £2403144 A2 REPO AGREEMENT JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004.2 CLASS SG 11.200 DUE 01/16/34 FiTm F2403144 A3 REPO AGREEMENT C41•444.0 THROuGn RS 440u. osno suLSCAker Bat Stuns Softness Cop. Ore VerourA Oyu New, Away. Nes Yet 11201.3459 FINANCIAL TRUST CO INC St.:Mufti 44.4000 My 31. 2004 INRONON ALgust 31. 2004 ACCCANT 'MISER TAWAVIR NVUBER On Fie LAST STATENENT my 30. 2004 SYMBOUOMP *mem DM MOM CM(' WOUN1 3136FALQ1 4,278,010 310.000.00 3136FALCII 4,278,010 310,02040 3136FAL01 62.00 313927/32 -13,001,818 38374FCN2 4.449.493 6.145.000.00 38374FCN2 9.449.493 6,145,000.00 38374FCN2 -9.449.493 6150.00040 027 014110.111141 001 3162 EFTA01320969

Fn I8 IJ 1.2 1.01 BEAR STEARNS OFFICE SERVED* YOUR ACCOUNT Bear. Stearns 6 Co. Inc. 383 Mackson Avenue New Vat. New Yont 10179 EXARGO neztosm ES WmEttyr 0A903 SUES/0MT Star. Yard Stanti C09. CM IMUCECR Lear Mal Y 112014859 FINANCIAL TRUST CO INC 13 st Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) 511750.0M TRIM aft Mil 10/45ACTON DISCRETION STRI0/015E 1004011Y 0128 AVOW STAtelaRT PEE= ILly 31.2004 THROUGH M9.51 31. 2004 ACCOUNT PlaCER TAXPAYER WARR 00 5.90 tun STAMEN? My 30.2004 MDR AMOUNT 08/27/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN 38374FCN2 9.449.493 6.15O.OOO.OO SERIES 2004-2 CLASS SG 11,200 OUE 01/16/34 F1TM F2403144 Al 0 08/27/04 JOURNAL REPO AGREEMENT GOVERNMENT NATIONAL MEG ASSN 38374FCN2 -9.449.493 6.200.000.00 SERIES 2004.2 CUSS SG -n 11.200 CUE Olt18/34 DIM F2403144 AS REPO AGREEMENT 09/27/04 JOURNAL GOVERNMENT NATIONAL MEG ASSN 38374FCN2 9,449.493 7,080,000.00 C rn 01•27/04 JOURNAL SERIES 2004-2 CUSS SG 11.200 DUE 01,16/34 FITIA F2153351 A2 TERM REPO AGREEMENT GOVERNMENT NATIONAL MTG ASSN 38374FCN2 4,449.493 7.232.000.00 SE RIES 2004- SG 11.200 DUE 021116/ CLASS 34 DIM F2403143 Al REPO AGREDIDAT 09/27/04 JOURNAL GOVERNMENT NATIONAL MEG ASSN 38374FCN2 9,440,493 7,232,000.00 SERIES 2004-2 CUSS SG r 1,200 INJE 01/16,34 Firm F2403143 A2 REPO AGREEMENT 09/27/04 INTEREST GOVERNMENT NATIONAL MEG ASSN 38374FCN2 8.407.50 SERIES 2004-2 CLASS SG CUE 01t16/2034 11.203 FO1.1 F2153351 A2 REPO INTEREST TOTAL 5-158.901.818.25 1193.901.773.54 ESLOSE00- 019- ANGS 027 01101.04E1141 C01 1/862 EFTA01320970

CLEARED 11440UON ITS W4Cts, 04%03 VASOWir rn IS b.) IJ --J 0 -n C in z r VSLOSE00- 019- ANGS BEAR STEARNS OFFICE SERVICING 'UR MUUVT Sew, Steams 8 Co. Inc. 383 Madsen Aven/e New YOrk. New Yak '0119 ON SOWS - Cap. Cot NNW. arm an isaw on 10 -3 FINANCIAL TRUST CO INC 14 to Transaction Detail (continued) MISCELLANEOUS TRAWSPCIION OCSC41•1104 DUO 49.404141 CROW AMOUWI 100414Y 08/02.04 RECEIVED EWA PG0016475097 482.76 0215212820 POOL COUPON 2.7500 FINANCING NET PAROFF DFF 08/16/04 JOURNAL JULY 04 SPEC CLEARING FEES 300.00 TOTAL S-782.76 Trades Executed Pending Settlement W11114011 mix 0414 DM1 MANSACTON CESCIIMICH 09/15/04 08/10/04 SOLD Snacuon STATIMENT PEPOCO 31.2004 Tift0D3H August 31.2004 ,ICON T OLOAIN 'OWN Nara On Ito LAST 61.0110 NT kit 30.2004 GOMM PRIM Mt UNA: CORA' AVOW FNMA-30YR(FNMMCM 5A80197 -30000.000.00 100.8281 30,248,437.50 SETT09804 ME 09/01/2034 05.500% 0987280211332 REF • 2004081057320000 BS TOTAL $O 'D 530.248 437.50 "o allo totos eb oat Nam u• wry ow. Nabs or Pa Needs. End of Statement 02) 09.01434:08 31 WI EFTA01320971

0 TZ T I 5 m r S8LOSEOCIN9- ANGS b.) —J —J BEAR STEARNS OFFICE SERVICING YOUR ACCOAT Bear. Steams 6 Co. Inc. 383 Madisco Avenue N • Y Ncw York 10179 CLEARED 114/10u074 ITS W apor OwnE0 VAISOAlw Ow Ram Sens Cap. Cre Metrotecri Cow Not Sas 120 3449 FINANCIAL TRUST CO INC ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WIIISITE am.beamteans.com What's In This Statement Financial Summary 3 I I FINANCIAL TRUST CO INC MATTA/err Pr 12,03 THR001.1 AACCceiT wuweee TAJCP.0ER MAW* WT STATEuENT Ally 1, 2004 &I 30.2004 C•1 File Art 30. 2004 Your Portfolio Holdings 4 CIO JEFFREY EPSTEIN Transaction Detail 7 6100 RED HOOK QUARTER Trades Not Yet Seeded 17 STE 83 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OE SECuRtnES THTS PERM' LONG ACCRUED MEREST NET CREDir BALANCE 11.296.902 174.836 3.971 GSA 6 EDu men 13.911 $129.030 mare $11.848.152 NET EOUDY TAILS PERIOD 411,475,709 NET EQUITY LAST STATEMENT 12162.877 CHANGE SINCE UST STATEMENT -687.168 - 110.00 Ce•Of mtes „title •40ete MI reA roam 7, ea 7.5 Vasa al Socutb• re ne met 00.i TM Pejo, There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. MI °rent market WA* ME UM Stater..MI market value glW TN" SJTenry itmulure armlet MA. IS not restate as a en eacAmod. Tit •72.7-em roue te mares he 212J7 wens See meg* We er ewer/ wirmatir. 327 073104'O 41 001 01100. EFTA01320972

2 8LtEZZOO- V.Ld3 0 -n z C in z -H r _ 98LOS£00 IN9 ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE CO7 07/31104W41 031 EFTA01320973

CLL TAMAN ITS AltiCAIN MONO SJITSCuARY 6Lh£ZZ0OVLa3 BEAR SIMMS OFFICE SERVICING YOUR ACCOUVr Bear. Steams & Co. Inc. 383 Madison Avenue New Yak. New Yak 10179 3 or le Cash Flow Analysis nes rozoo Income Summary 9.4S PRIX TtmnooeTc. openingBalance Securities Sold Dbidendsanterest 5129.030.02 180,245,896.38 1.076.355.23 U.S. Goa. Bond Int. Govt. Agency 91t. Cap. Bond Int. Credit Balance Mt. 0.00 900,793.20 175.390.75 171.28 282.843.41 6,201,200.59 1.389.057.27 403.20 0 miscellaneous Amount Credited 183.88 5181,322,435.49 Reverse Repurchase Int. Total 41.156.77 51.117.512.00 104,516.74 57.978.021.21 Tz Securities eought -181.242.338.23 Bond Purchase Int. -133.576.76 -732.940.96 t l Funds Wandrawn -70.539.00 Magri Int. Paid 0.00 -1.770.70 Repurchase Mt. Om. -43,298.09 -118.901.31 Diwiendsintcrest Charged -133,608.18 m z Miscellaneous Amount Debited -1408.90 5.181.447.494.31 Portfolio Composition Net Cash Activity -125,058.82 Cash/Cash Equnalent 3,971 Closin98alence 53,971.20 Fired Interne 11,296032 r Total $11,300.873 _ LSLOS£00 N19 ANUS Cash Balance Summary OPDO4 =fan Meer 129.03042 3.971 20 NetCash Balance 5129,030.02 53.971.20 11•01. Clain Statuses Cap an Iteavinn resit. wan law i201.3919 FINANCIAL TRUST CO INC seamen PfROO .111J 1.2004 TIMCSJ0H ht, 30.2004 ACCOUNT Wank TM:PAMIR NUMMI On Flo oar smarvaDa kne 30.2004 Your Portfolio Allocation Cash & Equirolentl <1% fired !come 99% Uremod Amoy 134.11. Set *MAT Pr rune NANA Tr* ear FYI SY SWIM, mi1.( ‘/Aati3O.• •Celtti, 027 07/31104.0t41 001 4150 EFTA01320974

-n C in r 88LOSEOCIA19- ANGS IS 1,4 1,2 La so O FEDERAL HOME LOAN MTG CORP SERIES 2630 CLASS SE DATED DATE 10/11/02 BOOK ENTRY ONLY DUE 02/1S/2032 6120% FACTOR . .29493347 BEAR STEARNS OFFICE SERVICING YOUR AccOukr Bear. Steams & Co. Inc. 383 Madison &verve New Yak. Net: 10179 4 a •$ Your Portfolio Holdings CASH & CASH EQUIVALENTS otscavnar. CASH BALANCE TOTAL CASH & CASH EQUIVALENTS SnAlt0;,CMVP MAW 1011WARD CURKM W4Ut MOM WOVE VMD ey.) 3171 $3.971 EQUMES Equities & Options ACCT MAYO 8$111411T1) CORRUPT CMCMICII 5Y1080UCUS41 TYPE ONA1n PM( PM* MAIM WOW 1113.0 (%) PUT TSY 31/8 05/07 9258526 MRGN 50.000.000 Unprice0 EUROPUT STRIC 9940 OP 08/13/2004 Total Equities& Options SO SO TOTAL EQUITIES SO SO FIXED INCOME Government & Agency Obligations ACC CMCP1M1C01 57INIOUCUSP TYIF 31393FAF3 WIRGN OUNglITY 17,696.008 UWE) 11.9105M. Es M✓_LLY OWYED WASOARY Oar Sun Seems Cap. One Ibrated. Owar North ', CCM; PIM Mt 11201.3859 FINANCIAL TRUST CO INC STATZLID.' PT,000 My 1.2004 TmeGJOY My 30. 2004 At") NT vial. TAXPAYER MAMER On rile LIST STAITWMT Any 30.2(04 ACCRUED ESTIMUTO CURRIM POSE 11411111 VALLE 1NTEIEST 4/241111. INCOAl WILDOy 10.1846 1,802,275 44.388 1.065.300 59.1086 027 07151/04,31.41 CO1 VMS EFTA01320975

CUOMO 1MOIAn r7S leklOu. OvelED SUOSOLLJTe rn IS b.) Ja DO Ia -n C in r 68LOSEOCIA19- ANGS BEAR STEARNS OFFICE SERTACmG YOLK ACCOuv" Bear. Stearns & Co. Inc. 383 Mattson Avenue Nos York, New Yak 10179 E or is Your Portfolio Holdings (continued) Government G Agency Obligations (cormnLecr) DIEStarlION Erill0734917 ACC; Tin PESCI PASO VALUE ACCEEtti ILTERES7 trikUltD 7141004 MOVE CURSES! ORD na FEDERAL HOME LOAN MTG CORP 313937086 MRGN 7.590.754 9.1200 692.280 17,774 426.600 61.6225 MMES 2526 CLASS SI DATED DATE 10,01/02 BOOK ENTRY ONLY DUE 02/15/2032 5.620% FACTOR . .29493346 FEDERAL HOME LOAN MTG CORP 313921/32 MRGN 13,317.273 11.4435 1.523,967 36.735 881,603 57.8492 SERFS 2488 CUSS 93 DATED DATE 076:03/02 BOOK ENTRY ONLY DUE 03/15/2032 6.620% FACTOR - .26634662 FEDERAL HOME LOAN MTG CORP 3139216E2 MRGN 16.364.122 8.8240 1.355,734 35.978 863.464 63.6898 MKS 2483 CI. St DATED DATE 07402/02 BOOK ENTRY ONLY DUE 03/15/2032 5.620% FACTOR - .26634560 FEDERAL NATIONAL MTG ASSN 31393C2C6 AIRGN 15.511,551 10.4392 1.619.282 11.956 B60,891 53.1650 SERIES 2003.49 CUSS SW DATED DATE 04/3003 BOOK ENTRY ONLY DOE 01/25/2033 5.550% FACTOR - .63815794 Total Governments Agency Obligations 56.993.538 5146.831 54,097,858 kw. Sinn Wain 070 Viltiocich Came Mann WOW" New at 20 ISE FINANCIAL TRUST CO INC STATEMENT PERO° 1170 1.2034 01110.73.11 July 30.2004 *caws" KAISER TALOAYER WIESER LAST STATEMENT On FM Ms 30. 2004 027 0701/04.0S 41 COI VOSS EFTA01320976

Cl99.40) TWOLGH ITS MOLLY ConwID SultS000Y rn 8 b.) IJ La so IJ -n C in r 06LOSEOCIN9- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOIRJT Bear. Steams 6 Co. Inc. 383 Medium 00901.16 New Ycrk New York 10179 6 u • Your Portfolio Holdings (continued) Corporate Bonds 0(SCR011314 FANNIE MAE 0401SERIES 2003-13 S RCR40 FUR DATED DATE 02/25/03 600E ENTRY ONLY DUE 03/25/2033 6.550% FACTOR . 61573583 Total Corporstaonds 54.303364 528.005 52.016.535 TOTAL FIXED INCOME 511.296.902 5174.836 56.114.393 SOCT SYMOOlCUSIP not 3139210)(2 MRGN MAN-TM Mae. Suva SicAles Coy. Coe Minscusto C- Nem Mat Yak 11201.0959 FINANCIAL TRUST CO INC STAT019,0 PEACO 1W3 1.2001 THROU051 My 30.2004 ACOPIPC MAKER TAXPAYER KAMER On Me LAST rAITWEPT Ano 30.2034 ACCOMID (mew OFRE117 MCI WHET WW2 Penni 230091 MOM 0110 30.786.789 13.9780 4.303.364 28.005 2.016.535 46.8595 YOUR PORTFOLIONOLDINGSACCRUED INTEREST 5174.836 YOUR PORTFOLIO NOLDINGSESTIMATED ANNUAL INCOME 56.114.393 YOUR PRICEDPORTFOLIOHOLOINGS 511.300873 Repurchase and Reverse Repurchase Transactions with Bear,Steams& Co. Inc. outstanding as of date of statement PURCHASE! 5144 DATE 905,n2St DATE PleCING PAR PU904.551 MP:1M ACOMV MPG WIMP OUAN1102 (ACC MOUNT) 02312 OESCRP11311 YOU SOLD GOVERNMENT NATIONAL MTG ASSOC (REPO) 07/09/04 10/1204 1.790 -3.739,000 -4.461 44.389.962 38374FCM4 SERIES 2004-2 CLASS S 5.810001116/34 YOU SOLO GOVERNMENT NATIONAL MTG ASSOC (REPO) 07/09/04 10/12/04 1.790 4.866.000 -7.000 -44,030000 38374R/67 SERIES 2004-5 CLASS P 5.530002120/33 on ouniosoo in on nee EFTA01320977

MARIO MOM.. ITS WM!, MAD SUMMARY 0 0 -n C in r T6LOSEOCIA19- ANGS 8 1.4 M.) La to 00 BEAR STEARNS OFFICE SERVICIM YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue Now VD& NON Yoh 10179 7 eh Repurchase and Reverse Repurchase Transactions (continued) with Bear, Steams& Co.inc.outstanding as of date of statement (continued) my00.34/ RETURCRASE pR17146 STYE ME DAM RAM MOMS( MU MOM ACCRUED REPO OTEAESP ODOM! (Mt /443uorn OSP Martel YOU PROVIDED FNMA.SuBS PRINCIPAL ONLY (MARGIN) 07/09/04 OPEN 0.000 45403.000 3136FAI01 SERIES 322 CUSS PO 03/01/32 YOU SOLD GOVERNMENT NATIONAL MTG ASSOC (REPO) 07/28/04 08/02/04 1.580 -6.225.000 -1.348 -10.000.000 383745012 SERIES 2004-2 CUSS S 11.620007/16/34 YOU BOUGHT UST/ 2.750006/30/06 (REVERSE) 07/09/04 OPEN 1.150 75.582.500 49.934 75.000.000 912828050 TOTAL REVERSE REPURCHASE TRANSACTIONS 575,562.500 549.934 TOTAL REPURCHASE TRANSACTIONS 5.15.830.000 5.12.809 AS Al Man !Ms My ken Mulim Cap Cne IMMO outer en Kw Yon 117014/51 FINANCIAL TRUST CO INC 5TAITAMT PI Ay 1. 2004 TOCVON Ms 30.2004 ACOtaro me101 TAXPAYER WOO Dn LAS STA-Eur•T June n. 2004 Transaction Detail INVESTMENT ACTIVITY SETTLEutrit DATE TRADE DATE TRAASAMN OtSCRPTM SYMOUCLISP YUMMY YwM DM AMOR! OMNI AMOUNT 07/09/04 07/09/04 07/08/04 07/08/04 BOUGHT BOUGHT UNITED STATES TREASURY NOTE MO5/1572007 03.1259991 15 0988726998099 YEN 2.908 % 10 'MUM GVER REF a G1901000 Al UNITED STATES TREASURY NOTE DUE 06/30/2006 02.750% Xi 30 0988728291099 Yon 2 521 44 To wouPirt OVER Rri ir 01 901002 A3 912828003 912828C/4D 027 25,000.000 100.58594 ACCR. P4T. 25.000.000 100 43750 ACCR. INT. 07/310:14.0S41 001 25.146.484.38 116.762.90 25.109.375.00 1%813.88 11151 EFTA01320978

==/.RED THROJOi ITS *Nu, Owieta SuMom( 0 -n C in r Z6LOSEOCIA19- ANGS 8 b.) IJ 00 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. km. 383 Madison Avenue New York. New York 10179 8 w •I Transaction Detail (continued) INVESTMENT ACTIVITY (continued) MOAN! WM 1171ALACION otscancw SNOOL/CUSP PDX OUlt MOUNT CREW /MOUNT 07/15/04 PRINCIPAL FEDERAL NOME LOAN MTG CORP 31392T6E2 400.854 SERIES 2483 Cl. SI. 5,620 DUE 03/15/32 PRINCIPAL MUM/ 07.1544 07/15104 PRINCIPAL FEDERAL NOME LOAN MTG CORP 311927/32 -520,806 SERIES 2468 CLASS SO 6.620 DUE 03/15/32 PMNCIPAL REOUCIN 07-15-04 07/15/04 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393FAF3 -660,636 SERIES 2530 CLASS SE 6.020 DUE 024542 PRINCIPAL REIXCDI 07.15.04 07/15/04 PRINCIPAL FEDERAL HOME LOAN MTG CORP 313931686 -283882 SEWS 2526 CLASS Si 5.620 DUE 02/15/32 PRINCIPN. REDUCTN 07.1544 07/16/04 PRINCIPAL GOVERNMENT NATIONAL MTG ASSN 38374FCN2 93.692.10 SERVES 2C04-2 CLASS SG 11.895 DUE 01/16/34 PRW MD 07-04 PM 07.1644 REPO P & I 11.8950 07/26104 PRINCIPAL FEDERAL NATIONAL MTG ASSN 3136FAL01 132.216.75 STRIP MEG SERIES 322 CL PO 0.001 WE 0301/32 PM Rit.06-04 P/0 07-25-04 REPO P 6I 0.0000 07/28/04 PRINCIPAL FANNIE MAE CMOISERIES 2003-13 31392JDK2 428.478 S RCR-10 FUR 6.700 DUE 03/25/33 PRINCPAL RF_DUCTN 07-25-04 07/26/04 PRINCIPAL FEDERAL NATIONAL MTG ASSN 31393C2C6 -315.643 SERIES 203349 CLASS SW 5.700 DUE 01.25/33 PRINCIPAL REDUCTN 07.25-04 TOTAL 5-50.389.436.14 $225.908.85 Om. Sten Swain Co Ne Mama Cala Nom Wider. UN of 20 .1659 FINANCIAL TRUST CO INC STANWer PERM My 1.2004 NROUCal My 30.2004 ACCO, NT NUMBER TAXPiellt UAW On Fie MST 8TATNENT lune 30 2004 027 ouruo40341 COI VSSR EFTA01320979

T4iNaGUNO0 HOSECIOMANCIS BEAR STEARNS OFFICE SERVICING YOUR ACCUAIT Beet. Stearns 6 Co. Inc. 383 Madison Averue Now Yak, New York 10179 9 ell Transaction Detail (continued) DEPOSITS AND WITHDRAWALS DOE IMAMS Ol5CRPION 07/09/04 FND WIRED MDAYGV136016FNDSVARED TO FLEET NATIONAL BANK AC2387804020 C*260198 TOTAL 5-70,539.00 OM MOM CREDO mare 70.539.00 INTEREST Wn DOCAIPTIOM 07/01/04 AVG EIAL 631.112RT 0.325 171.28 021 OFFICE MEREST 0604 TIMICl/04, nano n4t0i.G.4 ifs CMostO SaSSOARY ea. Stein Secolles Ca One Wroittli test, Nom enxilr. Nrw Vent 11201.3659 FINANCIAL TRUST CO INC sumer mem Mg 1,2004 renown Joe 30.2004 ACOMM %MEP TAXIMYEPI µAveCA On /1111 wr STArriars' Ain* 30.2004 slewrny RAM RI DM MOM M7 ALOIS 07/09/04 HIM PGC015990926 0215212820 GOVERNMENT NAnONAL MTG ASSOC POOL 0034473 COUPON 5.9475 EINANCWG IC PNROFr OFF 31.42 07/15104 FEDERAL HOME LOAN MTG CORP SERIES 2471 CUSS)? DUE 03/15/2032 1.000 INT RA) 064)4 FeD 07.1544 REPO P I 1.0000 31392R6U0 1.0000 22.910.37 07/15/04 FEDERAL HOME LOAN MTG CORP 31392T6€2 5.03200 78.848.51 SERIES 2483 CL SL DUE 03/15/2032 5.620 INTEREST PAYMENT 07.1544 07/15/04 FEDERAL NOME LOAN ?MCORP SERIES 2488 CUSS SO DUE 03/15/2032 6.620 INTEREST PAYMENT 07.1544 313921/32 6.6200 77.988.94 07/15/04 FEDERAL NOME LOAN MTG CORP 31393FAF3 6.0200 94.249.90 SERIFS 2530 CLASS SE DUE 02/15/2032 6.020 INTEREST PAYMENT 07.15.04 027 07.21/04g*A1 491 VMS EFTA01320980

rn 8 b.) 404 IJ -n rn r P6LOSE00- IA19- ÅNGS BEAR STEARNS OFFICE SERVICING YOUR ACCOuNT Bear. Steams I Co. Inc. 383 Madison Avenue New York Ne... ver1/4 10179 10 et Transaction Detail (continued) • LatO 11.1900314 08 »Ca 0551‘0 80118051~ • twat Sewlit Cara an >AnaNV. Orter NO Wen" Nev Wet 11201.3339 FINANCIAL TRUST CO INC RIATELIEW Paco ms 1.2004 n 1110131111 July x 2co4 ACODUHT MAMA TARMMM ~ISM On FIN INTEREST (continued) LAST STAMENT Ant 30.2004 NOE OFSCRP71311 51•0803(11535 exam amt di) CUR MOWN CORM .30110 07/15/04 FEDERAL HOME LOAN MTG CORP 31393FG86 5.8200 37.804.05 SEWS 2526 CUSS SI DUE 02/152032 5,820 INTEREST PAYMENT 07-15-04 07/16/01 GOVERNMENT NATIONAL MIG ASSN 38374FCM4 5.9470 212.535.54 SERES 2004.2 CLASS 58 DUE 01/16/2034 8947 INT R/D 07-04 PA 07-16-04 REPO It. A I 5.9475 07116.04 GOVERNMENT NATIONAL MEG ASSN 383741CN2 11.8950 95.596.72 SERIES 20042 CLASS SG DUE O1/162031 11.895 INT R007-04 P/D 07-16-04 REPOP a I 11.8950 07/21/04 GOVERNMENT NATIONAL MIG ASSN 38374FE187 5.5300 207.900.00 SERIES 2004-5 CLASS PS DUE 02/20/2033 5.530 INT W006-04 PA 07-20-04 REPO P 6I 5.6700 07/26104 FANNIE MAE CMO/SERIES 2003-13 3139210ER 6.7003 175.390.75 S RCR-kO FUR DUE 03292033 6.700 MEREST PAYMENT 07-25-04 07/28104 FEDERAL NATENAL MIG ASSN 31393C2C6 5.7000 75.179.17 SERIES 2003.49 CUSS SW DUE 01/252033 5.700 INTEREST PAY)ÆNI 07.25-04 TOTAL 3.31.42 51.076.355.23 027 01030105 41 001 V858 EFTA01320981

CLL4PCD 13410vGn ITS 13.40LLY OWED Su*SOAPY Fn IS b.) IJ Ja 00 0 0 m C in r S6LOSEOCIN9- ANGS BEAR STEARNS DEICE SERVICING YOUR ACCOUNT Seer- Stearns & Co. Inc. 383 MadiSOn Annie New York. New Ycek 10179 11 e Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Steams& Co.inc- SITT1111011 MAOt rate MTh 19.416401.341 OCSCRIDO1 SY1.1031J0.601 wenn OEM AMID CIADR 44.030111 07/01104 JOURNAL FEDERAL NATIONAL MTG ASSN 3136FAL01 4.517,189 1.744.350.00 Om. Slam Saone. C4 0.414.11:00. Ceres 1.art. Imr Vat 1120/ .31110 FINANDAL TRUST CO INC STADDADIT retOD My 1.2004 1/1110110/ A11 3D. 2004 ACCOU1T 1.111001 TAXPAY11R 1011141131 01 Fre LAST Emmen AT 30.2004 STRP MTG SERIES 322 CL P0 0.001 DUE 03.01132 HIM $1823319 A2 TWA REPO AGREEMENT 07101/04 KIURNAL FEDERAL NATIONAL MFG ASSN 3136FALQ1 4517,189 3.145.000.00 STRP MTG SERIES 322 CL PO 0.001 DUE 03101/32 FM F1833483 Al REPO AGREEMENT 07/01/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN 38374F007 -44.0O3.000 2,820.000-00 SERIES 2034-5 CUSS PS 5.670 OuE 02/2003 Film 11833485 Al REPO AGREEMENT 07/01/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN 38370067 44,CO3,003 4.345.000.00 SERIES 2004.5 CUSS PS 5.670 PR 02,70/33 FIlM 11533207 AZ TERM REPO AGREEMENT 07/01/04 MEREST FEDERAL NATIONAL MTG ASSN 3136FALO1 6410 STRIP MTG URNS 322 CI PO DUE 03/01/3032 0.001 FDIC F1823319 AZ REPO INTEREST 07/01/04 INTEREST GOVERNMENT NATIONAL MTG ASSN 38374F087 4.797.60 SERIES 2004.5 CLASS PS WE 02/20/2033 5.670 FDA F1533207 AZ REPO PITEREST 07/08634 JOURNAL GOVERNMENT NATIONAL MEG ASSN 38374FCM4 .42.882.327 700.000.00 SEMIS 2004.2 CUSS SB 5.947 DUE 01/16/34 TM F1903040 A3 PEPO AGREEMENT OZT 011310038 41 101 /40611 EFTA01320982

0 -n C rn r 96LOSEOCIA19- ANGS IS b.) IJ Ja 00 00 BEAR STEARNS CFnCE SEAV1C1NG YOUR ACCOUNT Beer. Steams & Co. Inc. 383 Mattison Avenue Nov York. Now York 10179 12 or le Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) Sonuar TRAM 011[ DAIS 11'000.9911011 OES00119N 07108104 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004.2 CLASS SB 5.947 DUE 01(16/34 FDA F1903040 Al REPO AGREE/en 07108104 JOURNAL GOVERNMENT NATIONAL MTG ASSN $0115 2004-2 CLASS SB 5.947 DUE 01/16/34 not F1663239 AZ TERM REPO AGREEMENT 07/0904 JOURNAL GOVERNMENT NATIONAL MTG ASSN Sala 2004.2 CLASS SB 5947 DUE 01/18/34 FILM PU03040 AS REPO AGREEMENT 0770B/04 JOURNAL GOVERNMENT NATIONAL AUG ASSN SERIES 2034-2 CLASS 58 5.947 DUE 0108/34 FILM F1903040 Al REPO AGREEMENT 07/08/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS 93 5.947 OuE OU18/34 Frthl F1903040 A2 REPO AGREEMENT 0908/04 JOURNAL GOVERNMENT NATIONAL MTGASSN SERIES 2004.2 CUSS SG 11.895 DUE 01/18/34 FIRM F1903129 Al REPO AGREEMENT 07/08104 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004.2 CLASS SG 11.895 DA 0106/34 MIA F0993102 AZ TERM REPO AGREEMENT 0. EARED 19180J01 ITS %MOLLY 0.9941.0 Stay0AnY kat Means Sterols Co, 0. getro1kh Cann Nce. teat" lava V011 112014859 FINANCIAL TRUST CO INC STATREN9 PEROD 1111/ 1. 2034 7,44093.4 Mg 30. 2004 ArCOM nuweeft 79xPAYER ream On De .AST 57 Tamura ha 30.2004 511.0.10.619 Iluumrt oar MOM 0001 Moll} 38374FCM4 42.882.327 703.000.00 3837410.44 42.882.327 2.072.000.00 38374FCM4 -42.882.327 2.800.00000 383741014 -42.882.327 3.736.000.00 38374FCM4 42.882,327 3,736,000.00 38374FCN2 -9.844.067 7,833.03000 38374FCN2 9.844.067 8.258.000.00 027 0701124.02.1 031 via EFTA01320983

=GRID netOutai ITS %Maly OWNCO StISSOIARY 68t-EZZOO- V1.43 0 m C m H r L6LOS£00 IND ANDS BDVZ STURNS OFFICE SERVICING YOUR ACCOUNT Bev. Steams 6 Co. Inc. 383 Madison Aver New Yolk. New ' 3179 Transaction Detail (continued) REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) SEGOate TRAM DATE 0ATt. FUASS41101i DL9:818108 111.16080411 011141111Y OM AVOW 07/08/04 INTEREST GOVERNMENT NATIONAL MTGASSN 38374FCM4 1250.99 SERIES 2034.2 CLASS S8 DUE oinet2o34 5.947 HMI F1663239 AZ REPO INTEREST Ye. Sur% leasais Cap 0 -e ~Moth Geol.. tin Its Yin i I 301.1332 FINANCIAL TRUST CO INC stATEueNT Ponoo Ay 1.2004 TMRCJCM Mr 30. 2004 AC034..NT Nuli0C9 TA.10.AITR eicinICR On The LAST STATIMeNT Ant 30. 200h CRWC 4,40.00 07/08/04 INTEREST GOVERNMENT NATIONAL MTG ASSN 38374FCN2 27.971.68 SERIES 2004.2 CLASS SG COE ouTEJ2034 11.095 RDA F0993102 AZ REPO INTEREST 07/09/04 JOURNAL FEDERAL NATIONAL MTG ASSN 3136FALCH -4,384.972 SNIP MEG SERFS 322 CL PO 0,C01 DUE 0101/32 FITM F1913156 A3 REPO AGREEMENT 07/09/04 JOURNAL FEDERAL NATIONAL MTG ASSN SNIP MTG SERIES 322 CL P0 0.001 DUE 03/01/32 ROA F1913156 Al REPO AGREEMENT 3138FAL01 4,384,972 3,144,000.00 07109/04 JOURNAL FEDERAL NATIONAL MTG ASSN SIRP MEG SERIES 322 CL PO 0,031 DUE 030142 F1DA F1913166 At RENO AGREEMENT 3136FAL01 4.384.972 3.144.000.00 0709/04 JOURNAL FEDERAL NATIONAL MTG ASSN STRIP MW SERIES 322 CL PO 0,001 DUE 03/01/32 FM F1833463 A2 RASA REPO AGREEMENT 3138FAL01 4.384.972 3,145,000.00 07/09/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN 38374K:144 42.882.327 2.800.000.00 SERIES 2004.2 CUSS S8 5.947 CUE 01/15,34 RIM F1903040 A6 TERM REPO AGREEMENT 027 0/8804044i OM V854 EFTA01320984

En I8 b.) IJ C)0 -n in r 86L0SE00-O19-ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 5 Co. Inc. 383 Mackson Avenue New Tort New York 10179 14 ells Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) sinumENt 0004 DAR DATE TRAIGAClION DESOMPREN 07/09/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN 38374FCM4 42.682.327 3.739.000.00 SERIES 2004-2 CLASS Se 8947 DUE 01/16/34 RDA F1913154 B1 REPO AGREEMENT SOMOIJEUS• CLEARED MAIM ITS ?MOLLY OVRIOD SUISCARY Out Swain SAAR% ORD Dee RAMS Cenler Fbt . latme Yen 112/14159 FINA NCIAL TRUST CO INC sTATRADC, EIROD Mg 1.2004 fl OVEN My 30. 2004 ACCOUNT WRIER TAMAR RAZER On fie LAST STATARR1 tune 30. 2C04 CENT AMOUNT ORCOO WOW' 07/09/04 JOURNAL GOVERNMENT NATIONAL MEG ASSN 38374FCN2 9.644.057 7.633.000.00 SERIES 2004.2 CUSS SG 11.895 DUE 01/16/34 FIT44 F1903129 A2 TERM REPO AGRUMENT 07/09/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN 38374FCN2 -9.644.057 7.633.000.00 SERIES 2004.2 CLASS SG 11.895 DUE O1/16134 MA F1903129 A3 TERM REPO AGREEMENT 07/09104 JOURNAL GOVERNMENT NATIONAL MTG ASSN 38374F087 44.000.000 2.820.000.00 SERIES 2004-5 CLASS PS 5.670 DUE 02/20/33 FIN F1833485 Az TERM REPO AGREEMENT 07/00/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN 38374F087 -44.000.003 5.866.000.00 SERIES 2004-5 CUSS PS 5,670 DUE 02/20/33 Firm F1913154 Al REPO AGREEMENT 07/09/04 DELIVERED UNITED STATES TREASURY NOTE 912828CG3 45.000.030 25.062.500.00 DUE 05/15R007 3.125 3.125 DUE 0585/07 FILM F15607C0 A2 TERM RESALE AGREEMENT 07/09/04 RECEIVED UNITED STATES TREASURY NOTE 9128290/0 76.000.000 75.562.500.00 DUE 06/302036 2.750 2.750 DUE 060006 MA P1910574 Al RESALE AGREE/AE/1f 027 0713004.01141 00i 1130 EFTA01320985

IotaCOO-Yin m 0 m r _ 66LOS£00 INS ANOS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams 6 Co. Inc. 383 Madison Aroma New Wyk, New York 10179 15 av Transaction Detail (continued) O1.OttO TROU01 T8 WHOLLY OYMCD SLIOSCCARY But Swami Seorbel COO. 14•0tity.h GSM/ NOT Nets rat 112014439 FINANCIAL TRUST CO INC STATilee nm 1.4 1. 2004 nffoueig AA730. 2004 AO:Oktfr ?OMER worwerR MOM On Tile REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued) LAST STATO4P4T Ant 30.2004 SEMEN DO DUDE ONE DATE 10015ACII0,1 DESOBODCw SYMBOLCUSP Ovunfirr DEBff MOW CREW MOutff 07/09/04 OEUVERED UNITED STATES TREASURY NOTE 912828CM3 -103.000.000 100,125,000.00 DUE 06/30/2006 2.750 2.750 DUE 06/30'06 FM F1621036 A2 TEAM RESALE AGREEMENT dikes INTEREST FEDERAL NATIONAL MTG ASSN 3136FA101 1.090.27 STRP LUG SERIES 322 CL PO DUE 03/01/2032 0.001 RIM F1633483 A2 REPO !CREST 07/09/04 INTEREST GOVERNMENT NATIONAL MTG ASSN 38374FCM4 w 89.91 SERIES 2004-2 CLASS SB DtEO1/162034 5.947 MIA F1903040 44 REPO MEREST 07/09/04 INTEREST GOVERNMENT NATIONAL MTG ASSN 38374FCN2 330.76 SERIES 3004-2 CLASS SG DUE 01/16/2034 11.895 FTT1A F1903129 A2 REPO INTEREST 07/09/74 INTEREST COVER/WENT NATIONAL MTG ASSN 38374FCN2 330.76 SERIES 2004.2 CLASS SG WE oin mine 11.895 FIDA F1903129 A3 REPO INTEREST 07/09/04 INTEREST GOVERNMENT NATIONAL MEG ASSN 38374F0$7 977.60 SERIES 2004-5 CUSS PS DUE 02/20/2033 5.670 F/TM F1833485 A2 REPO INTEREST &owe INTEREST UNITED STATES TREASURY NOTE 912828063 17.710.83 DUE 05/15/2007 3.126 FM F1560700 AZ RESALE INTEREST 07/09/04 INTEREST UNITED STATES TREASURY NOTE 9128280.10 23.445.94 DUE 06/300.006 2.750 FILM F1821038 A2 RESALE INTEREST 0/1 07/31.01:00A1 C01 V3$8 EFTA01320986

rn 8 b.) La 10 0 -n C rn r 00805£00-019-ANGS BEAR STURNS OFFICE SEDUCING YOUR ACCOUNT Beat. Stearns & Co. Inc. 383 Mason Avenue New York. New Yoh 10179 16 co le Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) CLEARED THROUGH ITS vote 01,11.6 SUIMSIC4Aliv Bean— Sanas Ons Cne *teach LWOW Wei etettr. Ite• Toe 112014969 FINANCIAL TRUST CO INC STATEMENT PERKO Stay 1. 2001 T11400014 1411 30.2004 4.00041114 Mae TA2MAYSIII MAW On FINI LAST STATIDISMT lone 30.2004 SC41117.66 Tuff DAN MN TRASSACTIDII USCRIPSON Swam/cusp ciwany CENT AUXIN (raw AMOUNT 07/15104 JOURNAL GOVERNMENT NATIONAL MTG ASSN 38374FCN2 -9.644.057 7.350.000.00 SERIES 2004-2 CUSS SG 11.995 DUE 01/16/34 ATM F1973297 Al 141/0 AGREEMENT 07/15/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN 38374FCN2 9.644.057 7.633.000.00 SERIFS 2034.2 CUSS SG 11.895 DUE 01/16/34 FRI F1903129 A4 TERM REPO AGREEMENT 07/15/04 INTEREST GOVERNMENT NATIONAL MTGASSN 38374FCN2 2.315.34 SERIES 2004.2 CUSS SG FDUE IT 01/16/2034 190 9 0A11.895 M 1 312 REPO MEREST 07/28/04 JOURNAL GOYERAWENT NATIONAL MTG ASSN 38374FCN2 40.550.365 6.225.000.00 SERIES 2004-2 CUSS SG 11,62000E 01/11/34 FOIA F2103201 Al REPO AGAWAM 07128/04 JOURNAL GOVERNMENT NATIONAL MTG ASSN 383741CN2 9.550.365 7450000.03 SERIES 2001-2 CLASS SG 11.620 DUE 01/16/34 nnA 11973297 A2 TERM REPO AGREEMENT 07/28.04 INTEREST GOVERNMENT NATIONAL MTG ASSN 393741CN2 4,140.50 SEARS 2004.2 CUSS SG CAPE 01/16/2034 11.620 FITM FREST PR FI9 297 AZ REPO TOTAL S-130.986.478.85 5180019.987.53 0/S104 08 41 001 vase EFTA01320987

IT1 8 IJ IJ BEAR STEARNS OFFTCE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madson Avenue New York. New Tot 10179 Came= 1143054.4 ITS yma..5Y 01.04D 381.91DVICY kr Saws Seluitet Cap. Ore We-N-N Cater SOrth On Tea 11201.3859 FINANCIAL TRUST CO INC 17 ale Transaction Detail (continued) MISCELLANEOUS AOCOuto KAMER TAXPAYER flaw On lb LAST STATC.410 June 30 2004 C) 0 -n OAR cescernoe car mew attar man MCA, ntutsecroN 07/02/04 JOURNAL 07/C604 JOURNAL 07/09/04 DELIVERED 07/18/04 JOURNAL FITO TO ATM FITM FITO HIM PG0015989324 0215212820 POOL COUPON 3.1250 PINANG.% NET PAIROFF [TIFF JUNE 04 SPEC CLEARING FEES 158.90 850.00 79.45 104.43 TOTAL 5-7.008.90 $183.88 C in z Trades Executed Pending Settlement r T080SE00- O19- ANGS 521111.800 TRADE DAIL DAR TIOAGACOON DESCRIPOON 08/02/04 07/30/04 BOUGHT SYMECUCUSIP sTATEMPa PIADO 1W11.2004 afROVat tut/ 30. 2004 Dummy PRE. Oat sew =art meow UNITED STATES TREASURY NOTE 912828CM0 25.000.000.00 100.1289 25,093,877.38 DUE 06/30)2006 02.750% JO 30 0988000592089 YBLD 2.680% TO MATURITY OVER REF *G2121013 Al 00.02/04 07/30634 BOUGHT UNITED STATES TREASURY NOTE DUE 08/30/2008 02.750% JO 30 0968000592099 YIELD 2.880 % TO MATURITY OVER REF • 62121013 81 912828CMO 50,0:0,020.00 100.1289 50,187,754.78 08/02/04 07/30/04 SOU, UNITED STATES TREASURY NOTE 912828031 -25,00),E03.00 100.0825 25,019381.41 DUE 07/31=06 02.750% JJ 31 098800)592099 YIELD 2.718 % TO /AMMO OVER REF • 02121008 Al 027 07131/04.0841 001 5115S EFTA01320988

CLEARED laceOuGD TES Vieta.LY DANE0 SLAISODRY -n z C in z -H r ZOSOSEOCIN9- ANGS 8 IJ IJ BEAR STEARNS OMCE SEM/MG YOUR ACCOUNT Bear, Steams & Co. Inc. 383 Mackson Avenue New York, New Yoe% 10179 18 a.5 Trades Executed Pending Settlement (continued) SEDIMENT TRADE DATE DM( DWISACI):11 DES:WM 08102/04 07/3C804 SOU) SeVIIOutirSP Belt Shane Sahel*, Co.,. Ere altany.ten Cenue Mut erocklp. Nem not /12014919 FINANCIAL. TRUST CO INC SEATO/. RFEYA try 1.2004 TwA004•3 Aty 30.2084 ACCCANT wanee TAXPADDi taw On F-4, LAST STATEMENT June 30. 2004 MWIDTT PRY( DENT WOVE? CREW WOUNI UNITED STATES TREASURY NOTE 912828001 -50.000.000.00 100.0625 50.038.722.83 DUE 07/31/2006 02.750% D 31 0988030597099 REED 2.718 % TO MATURITY GVER REF w 62121008 81 TOTAL S75.281.632.14 $75.058.084.24 lee alaan fl ees 03 nx wee nay COW mew  Da Wiener. End of Statement 027 07/3104 06 al 007 VSS9 EFTA01320989

56rIZZOOV1.43 C) 0 ZT c l C in Your Portfolio at a Glance TOTAL VALUE OF SECUMTIES DNS PERIOD' 11.848,752 Market Value of Your Portfolio Cash a (evert 7120030 5228.003 LONG ACCRUED INTEREST 185.095 Cad s11N48.152 NET CREDIT WINCE 129,030 Mcome $12.394.691 NI Orel mere: value MET EQUITY THIS PERIOD 512,162.877 in Last statement" rrwket vete r NET EOM' LAST STAIWD4T 12.782.847 CHANGE S1YCE LAST STATEMENT -619.970 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams b Co. Mc. 383 Weep Avenue New York. New York 10179 REARED THOIDan ITS rat OwINID SerSiDern tea. Stews Swart* COT. Cr* Marta Crew Nene kcoi Nov rot 11201.3159 FINANCIAL TRUST CO INC ACCOUNT EXEO.MVE GOMA GOVT BONO VISIT OUR MOSHE melmenteams.com sumer memo May 29.2004 TwROXIA *re 30.2004 What's In This Statement Financial Summary 3 IlrrrllrttlKKlKlI 141 FINANCIAL TRUST CO INC ACCCX.PC WEER TAXPAYER NuW001 On FIN was ',Arnett may 29. 2004 Your Pcrtforio Holdings 4 WO JEFFREY EPSTEIN Transaction Detail 7 6100 RED HOOK QUARTER Your Messages 16 STE 83 ST THOMAS VI 00802 _ £0805£00 IND ANGS Tr Nero *err erns.* wars renew ter re rt trews *to er Ma el Look. Vd h WC 2**, To Nem There are no 'Stop Loss' orders or other pending buy or seO open orders on file for your account. Stec Tr Kneel* te. ernaetaiOnosti grittier( 'Tried M a In occerewt Tia Memel Orel et 'railed lot rex mart Sr MM Stew teen "teen 027 OTOI31713 31 Oct 5832 EFTA01320990

CLEARED THROJOH wHOLLY 081960 Su980.020 I18c Sun 5•54ss Cap. Ore liareact, Coln NeRit 8988 8 New 90111201.3859 FINANCIAL TRUST CO INC 96tat0O-Vin 0 z m cim z H r 170805£00 V\19 ANDS STATEMENT BACKER IS PRINTED ON THIS PAGE 027 nrt, 31 13 r Col an EFTA01320991

L6VEZZOO- V1.43 BEAR STEARNS OFFICE SERVICING TOUR ACCOUNT Bear. Steams a Co. Inc. 383 Madison Avenue Nest N 10179 3 SIC Cash Flow Analysis 11115PCM0 Income Summary 11.15 flOD KAI TO CLUE Opening Balance 5228.002.64 U.S. GOV!. 8000 Int. 54,412.79 282,843.41 Secuties Sold 419,173,152.86 Govt Agency Int. 94%574.26 5,300,407.39 Corp. Bond Int. 186,097.96 1.213.666.52 Diddendsanterest 1.186.160.63 CrecR Balance Int. 75.62 231.92 0 Amount Credited Seositios Bought 5420.359.313.49 -420,287.071.09 Reverse Reptrchase Int. Total 42.351.06 51.228.511.69 63.359.97 56 860 509.21 -n DIvidencfsInterest Charged miscellaneous -170.765.02 450.00 Bond Puchase Inc mawn Inc Paid -170.765.02 0.00 -599.364.20 -1,770.70 Repurchase Int. Exp. -16.477.34 -75.603.22 C in Amount Debited Net Cash Ashy 5420.458.286.11 -98.972.62 Closing Salaries 5129.030.02 Portfolio Composition CeshfCash Equivalent 129.030 fixed Income 11,80.752 r Cash Balance Summary COOING 12109114 Total 511.977.782 _ 50805£00 IND ANGS Margin 228,002.64 12%030.02 NatCash Balance $228.002.64 5129.030.02 O22 0-fat 0 7,00.100.1111 V.A.O.re Ow.° SUM/Otafre 8.6s. Swans Semmes Ca0. One Metaten Cent Nteth Nat ma 11201.3659 FiNANCia TRUST CO INC STATIMIEW alF000 May 29. 2004 Eli/own kale 30. 2004 *rev tiT sUkeek Taxaavita NW& la CO TIM UST STATEMPit lAty 28.2004 Your Portfolio Allocation cash a EquhnleER 1% rmed hcome 99% 6enfut.1 %don Onto .1.0.` tuirit• Inft, eat -Lastry vat.... The ittot,:n ppeontige cen.e hy• oenava ruin* win )0.e awItaz 0)x1011031 001 Va32 EFTA01320992

0-faltE0 IHROuesi ITS %Thaw mean SUSSUARv ril 8 b.) b.) ,f; 00 0 -n C rn r 9080SEOCIA19- ANGS BEAR STEARNS orncE SERVIC1VG YOUR ACCOUNT Beer. Steams & Co. Inc. 383 Madeson Avenue v 10179 4 a • Your Portfolio Holdings CASH & CASH EQUIVALENTS DES(nnr se. !Mitt. CASH BALANCE 129,030 TOTAL CASH & CASH EQUIVALENTS 5129.030 SUMO ESTIMOD CURRENT wait A200.4 NCO.% ORO 00 EQUITIES Equities & Options ALLY OE an* SOAK.CUSIP trot COMMIT MKS PUT TV 31/8 05107 9258528 MRGN 50.000.000 One/iced EUROPUT STRK 99-20 DP 09/1312C04 Total Equities& Options V ESIWATED cume4 MOM InCOVE IEU) MO SO 50 TOTAL EQUITIES so so FIXED INCOME Government & Agency Obligations AW own STUSOUCUS, Mt FEDERAL HOME LOAN RUG CORP 31393013 MRGN SERIES 2530 CUSS SE DATEDDATE 10/11/02 BOOK ENTRY ONLY DUE 02/15/2032 6.161% FACTOR .30594407 OUVOTY Ss. Own Seamen co. Ont linzolun Cat Pan Mee Yen 1120bStSS FINANCIAL TRUST CO INC STATEI4Ek7 PERICO Miry 29. 2004 Tintantni Are 30. 2034 ACCOLArt 'amen ouneet want On Oki LAST STATtutniT May 28.2004 ACOVID csniutto WelOIT P ▪ • IMMO MA MOIST ANKtu. Iran TRIO MI 18.356,644 10.0831 1.850.914 47.124 1.130.953 61.1024 021 comuot13:31 op, Vt12 EFTA01320993

66b£ZZ0OVL33 O -n C in r _ LO8OS£00 IN9 ANGS BEAR STEARNS OFFICE SERVICM YOUR ACCOUNT Bear. Steams at Co. Inc 383 Madson Avenue New York. Now Tot 10179 8rI8 Your Portfolio Holdings (continued) Government & Agency Obligations (continued) otSCRirmos SYMBOUCUSP ACC, 00801TY PRICE WWII %AWE ACCZAD WRIST 13114080 RIDUAI910011E CLRREI0 nn0 1%1 FEDERAL HOME LOAN MTG CORP 31393F086 MRGN 7.874.136 8.9978 708.499 18.901 453,629 64.0268 SIRES 2526 PASS SI DATED DATE 1001/02 BOOK ENTRY ONLY DUE 02/152032 5.781% FACTOR - .30594406 FEDERAL HOME LOAN MTG CORP 313927132 MRGN 13,838,079 11.4123 1.579.242 38.985 935.593 59.2432 SERIES 2488 CLASS SO DATED DATE 07i06102 800K ENTRY ONLY COE 03/192032 6.761% FACTOR • .27676181 FEDERAL HOME LOAN MTG CORP 3139276E2 MRGN 15.964.976 8.7232 1.392.652 38.320 919,742 66.0425 SERIES 2483 CL St DATED DATE 07/02/02 BOOK ENTRY ONLY DUE 03/1S/2032 5.761% FACTOR - .27878163 FEDERAL NATIONAL MTG ASSN 31393C2C6 MRGN 15.827,194 10.9989 1.740,814 12,530 902.150 51.8235 SERIES 2CO3•49 CLASS SW DATED DATE 04030/03 80:38 ENTRY ONLY DUE 01/26/2033 5.700% FACTOR - .65114376 TOM! 00RemmOnt& AgeTiCyObIigaliCtIS 57.272.121 5155.860 54,342.067 Otago 199908,091 nnia. 0009:0 84.81100.11% fke. Suers SeCuinn Cap. Cno Moran?, on Van I.,,V0pt Now rot „ 201.3859 FINANCIAL TRUST CO INC 8•99Esen nmoo May 29.2004 niRcLcm June 30. 2001 84004199 %Viontrt TAXPAYER POSAICR Qt File LAST STATE1Wa May 28, 2004 017 0%010%13 31 001 1612 EFTA01320994

=ARCO THROWN Ts WHOLLY MOOD SLILWOVAY BB\R STURNS (*Fa SERVICING YOUR ACCOLANT Bea. Steams & Co. Inc. 383 Madison Avenue Now York New Tot 10179 6 of • Paw, Saws Sonnet Cap. Cri MIWAICh C4WW IE Now YOH 112014859 FIKW4OAL TRUST CO INC STAW PEA= May 29.2004 0 -n Your Portfolio Holdings (continued) Corporate Bonds OCIERWDDII SPUISCOCUSP ACCI 119E OUENTITY POKY ..WIKI/ WW1 ACCRUED MEREST THOCOSH Jana 30.2804 acecour Noma MEEPADM women 01 Flie LAST WIATEIEDIT MN 28.2004 ESnaWit0 CURRENT AIMAL ION VELDN FANNIE MAE CMO/SERIES 2003-13 31392/082 RCR-90 FLTR DATED DATE 02/25/03 BOOK ENTRY ONLY CUE 03/25/2033 6.700% FACTOR - .62826539 Total ColnorateBonds MRGN 31,411267 14.5691 4,576,631 54.576.631 29.235 529.235 2.104,689 52.104.689 45.9877 TOTAL FIXEDINCOME $11.848.752 5185.095 56.446.756 C rn YOUR PORTFOLIOHOLDINGSACCRUED I MEREST 5185.095 YOUR PORTFOLIONOLDINGSESTIMATE0 ANNUAL INCOME 56.446.756 YOUR PRICED PORTFOLIOHOLDINGS 511.977.782 r 8080SEOCIN9- ANGS Repurchase and Reverse Repurchase Transactions with Bear,Steams& Co. Inc. outstanding as of date of statement ;WNW START OAR REPURCHASE DATE KILNS MR FIERCINSE PNCE/ POMONA COWED RON INTENSE' NWT NAM WOUND CUSP DESCRIPTOR YOU SOLD GOVERNMENT NATIONAL MTG ASSOC (REPO) 04/08104 07/08/04 1.340 -8.258.000 -25.820 -10,000,000 38374F0/2 SERIES 2004-2 CLASS S 11.8950 ount34 YOU SOLD GOVERNMENT NATIONAL MTG ASSOC (REPO) 045/01/04 07/0104 1.325 .4.345.000 4,797 44.000,000 38374FDB7 SEWS 2004-5 CLASS P 5.670002/20/33 021 07001/C4:1431 W1 NR2 EFTA01320995

I 05EZZOO-V.L.43 BEAR STMRNS OFFCE SERWRIG YOUR ACCOUNT Bea. Stearns & Co. Inc. 383 Madison Avenue Now York. New Yak 10179 7 a 0.9-.9990 mitax3r, rts wrrxtr OM.ED 6.630,099 am. Sums Scant Carp. Dra Vercach co ?MT &GA, IHYMt 11201.3669 FINANCIAL TRUST CO INC STATENE9T 92.900 May 29. Moe Repurchase and Reverse Repurchase Transactions (continued) with Bear, Stearns& Co.Inc. outstanding as of date of statement (continued) POROUS° RMCINSI pea60 99009991 NOCE/ 9098.6D IMO 0.90/99r START DAR 0.UI PAR POMP% MODOIC1) CL60 T9ROUM 2.9* 30.2004 ACCOMT MAW TAIOTAyTTA NUTENA On Pb LAST STAMM May 29, 200E CESCOPTCH YOU SOLD GOVERNMENT NATIONAL MTG ASSOC (REPO) 0671410E 07108104 1.340 -2,072,000 -1.311 .44.38D962 38374FCM4 SERIES 2004-2 CUSS S 5.9475 01/16/34 YOU SOLD FNMA-SMBS PRINCIPAL ONLY (REPO) 06/30/04 07/01/04 1.325 -1,744.350 -64 -15,000.000 3136FALOT SERIES 322 CLASS PO 03/01/32 - O YOU BOUGHT USTR 3.1260 05/15/07 (REVERSQ 06004/04 OPEN 0.900 25.062.500 13.178 25,000.000 912828CO3 YOU BOUGHT USTR 2.750006/3006 rn IREVERSE) 06/30/04 OPEN 1.100 100.125.000 3.059 100.000.000 912828CM0 TOTAL REVERSE REPURCHASE TRANSACTIONS 5125.187.500 516.237 TOTAL REPURCHASE TRANSACTIONS 5.16.419.350 3.31.992 •A. It MSWI Transaction Detail r _ 60805£00 IN9 ANGS INVESTMENT ACTIVITY 1011.10LNT MADE DATE DTrz ansgroi OP300911014 06101/04 05/26/04 SOLO UNITED STATES TREASURY NOTE CUE 05/31/2006 02,500% IN 31 0988016192099 VELD 2,366 %T0I/AWRITY GVIR REF • 41471007 AS AS Cf 05/26/04 SYMBOtAXISP 912B28014 -25.000.000 99.87200 ACCR. 01.09CITY MCI OM MOO CMmO ALIOUVr 24.968.000.00 1.707.65 027 C069.09:1361 031 9132 EFTA01320996