~D ~Jol ITS TENTOTAr OVANC7 SUOSTOARY 171 8 IJ N2 00 0 E I r 95905£00- IA19- ANGS BEAR STEARNS OFIXE SERVICING YOUR ACCOUNT Begir. Stums b Co. Inc. 383 Maioson Avenue New York. New York 10179 (212) 272.2000 Transaction Detail (0006006d) INVESTMENT ACTIVITY (conlinue0) ~EAT MADE DATE Ull TIONSACTIETA DES^N 111.00UCUSIT ~DM TWANER NIANICA on FM sell 25.2003 MON! AUOUP11 us sy ~c OEM AITICUlt 05127103 PRINCIPAL 05/21A33 PRINCIPAL 05/30/03 04/29/03 BOuGiR FARME MAE Cm0/SERIES 200242 544/0 FUR 6.730 DUE 10/2931 PRINCIPAL REDOC17405-25-03 FANNIE Mg 040/SERIES 2002-82 5K-V1 FUR 6.730 CAN 10.25/31 PRNCIPAL REDUCTN 05.25-03 FEDERAL NATIONAL MTG ASSN SERIES 2003.49 CLASS SW CAN 01/26/2033 05.68031 0987021011332 RET 2003042954310000 65 2.‘ OF 04/29103 31392F573 31392,573 31393=8 .1.029.000 .270 24306759 11.06250 ACCR. INT. 2.688.935.21 19.175.34 TOTAL 5.45.904.147.71 S4B 338 700.19 INTEREST art OLSCRITTON SY11110/CUSP OUPEDITE RATE EID DEMI MIOLW CMITAATOWIT 04)28/03 AVG 021 05/15/03 FEDERAL liejki l idel0 115-92.03 05/15/03 FEDERAL 05/15/03 FEDERAL BAL 219.997RT 0.586 OFFICE INTEREST 0403 HOME LOAN MEG CORP HOME LOAN MTG CORP RI 47. Yr .1 HOME LOAN MTG CORP Tvise 5 690 31392R6U0 31392R6U0 313921652 1.0000 1.0000 5.6900 027 µ 04014.3.11.30 001 100.25 22.26748 31.810.54 210.217.22 YW IST Sit^ Ceo.S Gos INInech 4wN 1.17T troolOn. ITerr Tok 11201~0 1212I 272-1000 FINANCUL TRUST CO INC STANDENE ~0 AINI 26.2003 TINOUT314 May 30.2003 /CLOUA'? Num= EFTA01320843

6tEEZZOO-V.L.43 O 0 -n C rn z r _ LS9OS£00 IN9 ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bea. Steams & Co. Inc. 383 Madison Avenue New YOtk. New `reek 10179 (212) 272-2030 10 eo Transaction Detail (continued) INTEREST (continued) CLEARED THROIXAM ria ma/ C•oltO SUSSOWO 0•76. See setae Oa Ono wooed, Coto /43M OxiOn. Om Vat 11201•3149 W21212-1003 FINANCIAL TRUST CO INC STATEMENT neon April 26 2003 THRO1.O1 Mei 30.2003 Accouter NLAPIER TAXPAYER ISMER On it LAST STATOANT Avi IS 2CO3 DATE DESCAPTICII SYMIOUCUSP GUMMY RATE IV CCM &MOUNT COOMI MOAT 05,15/03 FEDERAL HOME LOAN MTG CORP 31392T332 6.6900 214.23448 1211 1We Sa i r23 . 05/15/03 FEDERAL HOME LOAN MTG CORP 31393tAi3 aCis41C0no3 6.0900 247363.95 05115/03 FEDERAL NOME LOAN MTG CORP 31393, 086 5.6900 99.138.19 M IORCL en-03 05/27/03 FANNIE MAE PAO/SERIES 2002-82 31392F573 6.7300 128.48a02 Ma% WENT 0 '1.03 TOTAL 5953414.23 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Steams& Co.Inc. 517W MOE OAR PAR TONSACTKO DESCRPT1311 SWAIOUCUSIP IMMO DEBIT moDUM MOT MOM 05/13/03 JOURNAL -PR T FITMADP COo77 323301A 8888888 1.950.000.00 8.625 DUE 12/31/49 2074420592 05/13/03 JOURNAL Frrha773233079 8888888 1.950.000.00 6.625 DUE 12/31/49 2074420692 05/13/03 lOURNAI m ar 77323301C 8888888 1.950.000.00 8.625 DUE 12/31/49 2074420692 027 0141/03:1110 001 1044 EFTA01320844

BEAR STEARNS OFFICE SER ICING YOUR ACCOUNT Rear. Stearns b Co. Inc. 383 Madison Arena New York. New York 10179 (212) 272-2000 11 a15 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued] ea.= Tnueal ITS Onle ADMAN' MA. Sun ~es Co.. Ors Van en Noah ban. New Twit 11201.245.9 lily 272.1000 FINANCW. TRUST CO INC («Mate« (0)70 Per( 252003 TIRØ May 30.2003 AØ %We TAxPAYOX ~ER On Me var sy.a/zwnn Awl 25.2003 SETTUMEN7 TRAP( DATE OA« litnE110(4 DESCRIPTION SWB3Le«.7. WUMT DM NEU« anon /MOUNT 05/13/03 JOURNAL Mkt,' ?R77323301D 6688688 8.290.030.00 8.625 DUE 12/31/49 2074420692 05/13/03 INTEREST % 8888888 1.256.67 DUE 1 049 8.625 FONT-PR F077323301A 2074420692 -n 05/14/03 JOURNAL altikieg'°W4T?ir al 6 C 1 3136FA0R4 .3.806.994 3.159.000.00 0,001 DUE 07/01/32 TITIA F134306$ Al RP OPEN RP13430B5A RP OPEN RII134308SA rn 05/19)03 JOURNAL STw _ FIDERs 5.fmws AI_NA6 el 4% 5 TIONAL LITO PO ASSN 32 3136FACIR4 -3.606.994 2.120.000.00 0.001 DUE 07/01132 FILM F1393247 Al RP OPEN RP1393247A P9 OPEN RP1393247A 05/19)03 JOURNAL RADSNATION.Alcs9 0ASSN ST 326 i 3138FAOR4 3.806.994 3,158,000.00 0.001 DUE 07/01/32 TOM F134308-5 A2 r RP TERM RP13430EISA 167 TERM RP1 343065A 05/19103 INTEREST budioNA PASS L 9a0 ASSN 3136FØ4 684.23 STRIPEOLRAL PS SERIES 32 1 PI) 85905£00- IA19- ANGS DUE 07/01/2032 0,001 FM F1343085 A2 RP TERM PS/1343085A RP TERM /191343005A 09/23703 JOURNAL FITMØ F077323301E 8.625 DUE 12131149 2074420692 11888888 9.290.000.00 027 0213713(t72S3 001 VIN4 EFTA01320845

rn 8 b.) IJ -n C in r 6S9OSEOCIN9- ANGS BEAR STEARNS OF ACE SERVICING YOUR MION.P4T Beet. Ste8mS & Co. Inc. 383 Madisco Avenue New Yak. New Yak 10179 (212) 212-2030 12 C4 '5 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SMIDDINT TRADE Oat DATE OlvaACD0.1 OISCRPTIW 05/23/03 JOURNAL ADP CD Finl.rix F077323301F 8.625 OUE 12/31/49 2074420692 05/23/03 JOURNAL ADP Fail-PR F077323301G 8.625 DUE 12)31/49 2074420692 05/23/03 U FRMJfIt F077323301N 6.625 DUE 12/31/49 2074420692 05/23103 INTEREST DUE ADP 2/31 9 8.625 FRM-PR 7077323301E 2074420692 05128703 JOURNAL sTRASEINTAWAss" 0.001 DUE 03701/32 FTTM F1113165 44 PP TERM RP11131154 PP TERM RP111310.54 sERWIIMASIPAN 1.000 DUE 03/15/32 ATM F0973100 A2 RP TERM RP09731034 RP TERM R1,09731034 SIRAMCWASTl iSS" 0.001 DUE 07/01/32 ATM F1393247 42 RP TERM RP13932474 RP TERM RP13932474 0572803 JOURNAL MTG CORP 05728703 JOURNAL CLLOWD MROuGn AN= 04.0.0 SAISOORr Sims kortles Cap Oat WeirOlICh Cats WO O . les von 11201.320 121212721000 FINANCIAL TRUST CO INC rrAiner: PER,00 April 26.2001 nire:oam May 3a 2003 ACOOLNT MAMA TAXIWOZR immeti ik LAM rAnUNT AEA 25, 2003 SwilaialaR Wormy DEW MONT CREW MOM 8888888 9.290.000.00 8888888 9,290,000.00 8888888 11.100.000.00 8888888 2.348.31 3136FAL01 3.528,945 3.078.000.00 ••• 31392R6U0 34,977.030 3136FA0R4 3.806.994 2.120.000.00 027 05.01/03.1ka0 COI fl u EFTA01320846

tn IJ IJ 1-91 Is) 0 m cim H r 09905£00- 01D- ANGS BUR STEARNS C4TiCE SERVICES YOUR ACCOUNT Bear. Stan & Co. Ono. 363 Mackson Avenue Now Yon', NOW York 1O179 (212) 272-2000 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) =ARID THROWN III vM0mY Ov.ta) WOO:WM Ow. $Ws Staten Coq. G.idetmlich Crag Mat Imam. alto Yen >014.1159 218 212.1030 FINANCIAL TRUST CO INC STATDADIT PEC000 April 26.2OO3 21.001.13a May 30.2003 AOCCanfr PONDER TAXPAYER mew On Fie urr sverealwr AO 25.2000 SI TlifM041 119.40( DAM DATE IliMISAC1104 orsoavnon sysouturur Mummy men MC40/1 atm sow 05/28/03 JOURNAL SEM FEDERAL CLASS HOME LOAN MTG CORP 31392T)32 35.210.740 3.133.00000 2488 6.690 DUE 03/15132 SO RIM F1153151 A4 RP TERM RPI 153151A PP TERM RP1153161A 05128/03 JOURNAL tintlif 16773233011 8.625 DUE 12/31/49 2074420692 Ma 16773233011 8.625 DUE 12/31(49 2074420692 8888888 3,190,003.00 05/28703 JOURNAL 8888888 11,100,000.00 05/28/03 INYERE§t FEDERAL NATIONAL MTG ASSN 3138FALOI 4.966.69 STRP MTG SERIES 322 a PO DUE 0341/2032 0.001 Wm F1113165 A4 RP TERM RP1113185A RP TERM RP1113165A 05/28/1/3 eager DERA NATIO MFG ASSN 3136FAOR4 832.10 S SERI S 326 c PO DUE 07/01/2032 0.001 FIN 11393247 A2 RP TERM RP1393247A RP TERM F6n193247A 05/28/03 INTEREST SERIES FEDERAL H E S NMTG CORP 313927/32 4.506.91 2468 C OUE 0115/2032 6.690 MN F1153151 AA RP TERM RP1153151A RP TERM RP1153151A INTEREST DUE ADP CD 049 8.625 8888888 1,389.00 1 FITWPR FO773233O11 2074420692 05/28)03 027 0•331 /03:13 10 001 EFTA01320847

0 m C in r T9905£OO- O19- ANGS I8 b.) b.) UN BEAR STEARNS Celt( SERVICR4G YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Macison Avenue New York. New York 10179 1214 272-2000 14 a it Transaction Detail (continued) Clump TPA:Ws ITS vmOu.V WALD SuSSOAS Is Stars Sculls Cap. & wrote." caw SS lists Sea Ca 201.3859 12131 212.1000 FINANCIAL TRUST CO INC stArnes ProOD ACA 26.2003 IsPa.S.4 May 30.2033 ACCCANT MASER REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS SEMDPENT ISO( an OAK IRMSPC11014 DISCAIPTON Vonimiet0 :SOP/CUSP CRIONITI 000 nava risPANIA Marl" tar STATOJES April 25.2033 CALM AVOW! 0929/03 JOURNAL FlTIM 8773233011. 8888888 2.830,00080 8.625 OUR 12/31/49 2074420692 05/29/03 JOURNAL Fla 277323301K 8888888 3,19800080 8.625 OUR 12/31/49 2074420692 05/29/03 INTEREST ADP CD WE 12/31/2049 8.826 8888888 82.41 FIT1A-PR 2077323301K 2074420692 05/30/03 JOURNAL R1M-P NW R g i77323301N 8888888 2,830,000.00 8.625 CUE 12/31/49 2074420692 05/30/03 INTEREST DUE ATOP 049 8.625 8888888 74.68 FITAAPR F077323301N 2074420692 TOTAL 549.149.991.93 544,883,131.07 MISCELLANEOUS DATE WAS litmetACTS1 Ot.SCRP11P311 DEW MONO MO moon 05/09103 JOURNAL APR 03 SPEC CLEARING FEES 50.00 05114/03 JOURNAL FNMA-30YR(FNMMGTO 432.812.50 SETT.05/03 5.500 DUE 0901/33 MSS MT 05/14/03 05/16/03 JOURNAL FEDERAL HOME LOAN MTG CORP SERFS 2471 CLASS YT 1.000 DUE 03/15/32 P41 TRNFR Oa? 9843.18 0931,03.1S 30 001 VfAl EFTA01320848

-n z C rn z r Z990SEOCIN9- ANGS I8 b.) b.) lr BEAR STEARNS CCTICE SERViCING YOUR ACCOUNT Bear, Steams & Co. Inc. 383 Mechem Avenue New York. New Yak 101, e (212) 272-2000 15 an Transaction Detail (continued) MISCELLANEOUS (continues) an NOWT TONSACTON 0(10 MOM MECO /MOUNT 05/27103 JOURNAL 1.828.633.00 05/29/03 JOURNAL TOTAL 362.114.00 5.362.164.00 52.270.988.66 Trades Executed Pending Settlement Sonata TM( OAR OAR TRINSICTON DESCRSION 06/12/03 05/07/03 BOUGHT SHABOLOAIR WAND TIROWN ITS WOLIN awe SUSNIXAAT ION Sion Stoats Cos Os MEMO Claw NOT &odd" Ike Tat 111014SO MA 272.10w FINANCIAL TRUST CO INC STATSENT PERKO *eel 26.2003 THROUGH Wry 30.2003 ACCOUNT HYMN TNOTANTR KAM% On Fie Leer erkrower Apo 25.2003 Weary PRICE DENT SUMAC CREW AMOUNT FNMI030YR(FN/AA)C1D 51196957 20,000,000.00 102.7187 20,543,750.03 SETT.C6/03 COE 06/01/2033 05.500% 0987280211332 REF • 2003050746200000 I3S TOTAL 520.543.750.00 50.00 The SW. atlas 03,91 WOW ..10, Pee 11•0*.trINI !mew. End of Statement 321 05,31/03:1140 COI "44 EFTA01320849

En I8 IJ 1,2 1-41 1.0 0 -n C in r £9905£00- O19- ANGS BUR STEARNS OFFICE SERVICNG YOUR ACCOUNT Bear Steams & Co. Inc. 383 Madison Avenue New Yak. New York 10179 (212) 272-2000 ACCOUNT EXECUTI'vE GNMA GOVT BOND visa OUR WEBSIIT www.Learstcatm..com What's In This Statement 1111rllrtrlr11111 I I Financial Summary 3 Your Pcrtfdio Holdings Transaction Detai 6 Trades Not Yet Settled 13 FINANCIAL TRUST co INC GO JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE 63 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE CC SECURITIES nay PERIOD 21.153.305 LONG ACCRUED INTEREST 193.002 AFT CREDIT BAIANCE 97,944 NIT Mare THIS PEMOD 521,444.251 NET EQUITY LAST STATEMENT 24.650.030 CHANGE SINCE UST STATEMENT -3,205.779 There are no 'Stop Loss' orders or other pending buy or sel open orders on Me for your account. Cron &EqUkent .944 - 527 1973.282 Rad immuma521.153.305 Income 124.025.042 Current market rat MO SlateMerCS market van CaEARED mito.too ors 881-044. Onte.0 SL•SCAARY Bear. Sown Seamen Cce5 Cne Memok. eats Son RAW, Mew York 11201485o WV 272-1020 FINANCIAL TKUS1 CO INC STATEMENT PERIc0 %Nth 29. 20D3 TmlliOuem Apl 25. 2003 ACCOUNT NuullEA TASPAKR NUNSER 01 File vs, STATVADIT March 216 2003 SW( Tin ',way is Ur Merton:I NM ANA. AN SWAN dearlitt Tin suennst +WO be MANNA R* no* riko-84 St reAne fee rr nouvrt1INAN1:414. 027 0476,03.11 48 001 EFTA01320850

WARM THROUCC4 w1Cco' OWPCD SUNDWAY Ow. Sun licurOes Co — lidOciach C— Not, 090k1o. New Val 112014869 (213127x.1000 FINANCIAL TRUST CO INC 1 y • 0 z m cim z H r 179905£00- IND- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 021 04R6C0:11441 001 1,643 EFTA01320851

rn IJ IJ J BEAR STUWNS arriCE SERvcING YOUR ACCOUNT Beet Steams & Co. Inc. 383 Madsen Avenue New York. New York 10179 (212) 272-2000 0 3 e •3 Cash Flow Analysis Tin NM@ Income Summary Pf1000 VUR1O OAT& Opening Ba lance Securities Sold Dividends/Interest MiscelMews Amount Credited 5273.282.28 48.556.911.46 1.070.933.50 145.91171 549.773.758.87 Cart. Agency Int. Corp. Boni Int- Credit Balance Rowse Repurchase Int. Total Bond Purchase kit 938,63316 132.220.68 79.66 521.67 51 071,455.17 0.00 3,788,032.44 402.192.43 272.18 4,112.99 54.192,610.04 -30.981.48 Searities Bought 49.850.352.59 Repurchase Ira. Ey. -13.352.59 -13.35159 m Funds %Mame -77,852.00 C rn Miscellaneous Amount Debited Net Cash Activity -20,892.47 S-49.949.097.06 -175.338.39 Portfolio Composition Cash/Cash Equivalent 97.944 Feed Inarne 21.153.305 Cloaing Balance 597.943.89 Total 521.251.249 r 59905£00- IN9- ANGS CautC0 7145303M as YMcI. Con5E0 Su030MPLY SW.. Stens UMW. Cap. Om wawa Cola Wan BV:Idr. Maw TO1 112014659 ein 2720000 FINANCIAL TRUST CO INC STATONNT PEP= March 29.2003 cmcCuOm Apnl 25. 2003 ACCC5110 TAXPAYIX LAST STATMaNT Wien n. 2003 Your Portfolio Allocation Cash Balance Summary Cash & teuirdere — <1% 0000144 MOWN Mengin 273.282.28 97.943.89 Net Cash 8allute 5273.282.28 597,94189 • 027 002503.11 01 001 Fried Income 99% UresSol Went 610,G. Otte NYv wdb eat wear! Nat. The tocirkw Omen:int ken w abode +wit pans v043 EFTA01320852

rn I8 IJ V.) 00 0 -n C in r 9990SEOCIN9- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue Mew York. Now York 10179 (212) 272.2003 4 a • Your Portfolio Holdings CASH & CASH EQUIVALENTS 11AREE1 ESTIM111) [UMW 11130.111.100 SO.O1O‘O.41P WmOm VICUI MOWN. INCOM MLD 00 CASH BALANCE 97.944 TOTAL CASH & CASH EQUIVALENTS 597.944 FIXED INCOME Government & Agency Obligations CESCRIPTON SWIM./CUSP ACCT Int Kamm MCI WARD VALUE AMMO MI REST MINA= *Ma POMIC CURIUM 01.10110 FEDERAL NATIONAL MEG ASS 31392JPR4 MRGN 7,139.070 98.7400 7.049.118 717.477 10.1783 SERIES 2003-16 CUSS 15 DATED DATE 01/06/03 8170( ENTRY ONLY DUE 03/25/2018 10.050% FACTOR . .96509519 FEDERAL HOME LOAN MTG CORP 31393FAF3 MRGN 48.741.661 9.1479 4.458.847 82.458 2.968.367 66.5725 SERIES 2530 CUSS SE DATED DATE 10f11/02 BOON ENTRY ONLY DUE 02/15/2032 6.090% FACTOR . .81236110 FEDERAL HOME LOAN MEG CORP 31393FG86 MRGN 20207.879 9.1154 1.905232 33.046 1.189,658 62.4220 SERIM. 2526 CLASS SI DATED OATEN:MUM BOOK ENTRY ONLY DUE 02/15/2032 5.690% FACTOR - 21238110 FEDERAL HOME LOAN MTG CORP 31392R6110 MRGN 26.720.852 2.7564 736.536 7.423 267.209 36.2791 SERIES 2471 CUSS Yr DATED DATE 0607/02 BOOK ENTRY ONLY DUE 03/15/2032 1.000% FACTOR . .76345290 CULAMO T) (M 1111 Maw' 010€00 0003011Xf • Swis Satrous Cap. Ore Metaan Orin ilmh baldr. NM vat 11201.303.9 O16 212.1OOO FINANCIAL TRUST CO INC STATEItt etAcO twint. 29. 2003 MROuca, *1 25.2003 Afar VAMER TAX.AYER PALMER CT1 fa! LAST STATZWYT Mirth 28.2003 04126003:11:40 001 4443 EFTA01320853

O -n C rn r L9905£00- 019- ANGS BEAR STBIRNS CARCE SEAMING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Manson Avenue New York, New Ycek 10179 (212) 2724000 reit =ARO MRCLOm RS PAROLLY CAY.X.O SLIRSCARY Bs. Stirs 'same. Cap. Ore Neva- Caw Mein mote. New Tot 11201.1.169 Rol 212.1000 FINANCIAL TRUST CO INC narrseer Mete march 29. 2003 THROU0/4 Apnl 25.2003 Your Portfolio Holdings (continued) ACCUAIT malt* TAXPAYER PLASM LAST sTATIIKUT March 28.2001 Government & Agency Obligations (conurued) ACC' ACCRUED 051WATED CIIRSERX DISOSIMEN 'MARC-0LS'. :TM COMM Pea IPARCET VILLE POLOIST WARM IKON VELD I% FEDERAL /TOME LOAN 1416 CORP 31392T&E2 MRGN 44.334,037 9.2039 4.080.481 70,075 2.522.607 61.8213 SERIES 2463 CL SL DATED DATE 07/02/02 BOOK ENTRY ONLY DUE 0,V15/2032 5.690% FACTOR . .788S5490 Total Government& AgencyOultgations $18.230.814 5193.002 57.665.318 Corporate Bonds ACCT ACORLED ESTRUM] CLOPMX41 Dt1O1211111J SlinCtICUSP 0.APATry MU WW1 VALUE INTEREST NOR A. NOWT MOD NI FANNIE MAE CMO/SERIES 2002-82 31392F573 MRGN 22.909.126 12.7589 2.922.491 1.541.784 52.7558 Slr-VO FUR DATED DATE 1DO2/02 BOOK ENTRY ONLY DUE 10/25/2031 6.730% FACTOR - .91636507 Total corporatoeonds 52.922,491 $0 $1.541.784 TOTAL FIXED INCOME S21.153.305 $193.002 59.207.102 YOUR TOTAL ACCRUED INTEREST 5193.002 YOUR TOTAL ESTIMATED ANNUAL INCOME 59.207.102 YOUR PRICED PORTFOLIOHOLDINGS $21.251.249 027 04,26M1.11 Re WI EFTA01320854

CUARt0 netovam rTS A.40tLY OWAD SUISSOVAY En 8 b.) b.) O aW BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Beer. Steams 6 Co. Inc. 383 Madison Avenue New Yoh.. New Yak 10179 (21 2) 272.2000 6a> Ow Son Setaitat Cap. One Iteracth Carta• North Omar% New York 112014859 I2I zrz.lcco FINANCIAL TRUST CO INC STAILItla PFI000 Minh 29.2033 THROUGH Ayi 2$.2003 z -n Repurchase and Reverse Repurchase Transactions with Bear,Stearnsand Co.Inc. outstanding as of date of statement RUREMASE/ 110/11011St PROM PAWS( POW ACCRUED REPO START DOE E1E MR Pfld INTEREST. 01100110Y JSWOI Cuts ADJOIN', %NINA TAX, AVER WNW; PM LAST STA.P.OTS, wee, 28, TOD] CCSOISTCN YOU PROVIDED (MRGIN) 04/07/03 OPEN 0.000 YOU SOLD (REPO) 04/21/03 05/21/03 1.570 YOU SOLD (REPO) 04/25/03 05/2103 1.570 -3.078000 -3.133.000 -939 -409 .50,000.000 -5.000.000 -50.000,000 31392R6U0 3138FAL01 11392T132 FEDERAL HOME LOAN 1AT G CORP SERIES 2471 CLASS YI 1.000003/15/32 FNMA.SMETS PRINCIPAL ONLY SERIES 322 CLASS PO 03/01/32 FEDERAL HOME LOAN MTG MAP SERIES 2486 CLASS SO 6.6900 03/15/32 C rn z -H TOTAL REVERSE REPURCHASE TRANSACTIONS 50 SO TOTAL REPURCHASE •RAUSAC'IONS 5-6.211.000 5.1,348 ataweren an Transaction Detail INVESTMENT ACTIVITY r 8990SEOCIN9- ANGS 21112021111 WE 01/01 ERIE 1RARSOCIPON OCSCR011311 111100110.15P OUVIRTY MCI Ear AAK1Ula a£M AVOUNT 04/14/03 01/27/03 BOUGHT FNIA4-30YR(FNMA) DID 9496251 10.000,000 100.60938 10,060937.50 SET7.04/03 CUE 04/01/2033 05.500% 0987797115332 REF a 2003012746430030 BS 04/14)03 02104/03 BOUGHT FNMA- 1NMA)GTD 5(196251 10,000,000 100.93750 10,093,750.00 SETT.0003 DUE 04/01/2033 05.500% 0987280211332 REF a 2003020446390003 BS 027 0416510111:110 001 Yby EFTA01320855

rn 8 b.) 1.2 C) 0 m C rn r 69905£00- O19- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUN7 Bear. Steams & Co. Inc. 383 Madison Avenue New Yea. New York 10179 (212) 272-2000 7 a •F Transaction Detail (continued) INVESTMENT ACTIVITY (continued) 51111138130 OATE 1980( PM 184115481109 MGM= 511.18X81/512 0.01809 PACt 0188 Alielfre MCC MOW 04114/03 03/24/03 CANCEL SELL FNMA.30YR(FNMAI GTO 5N96251 20.000.000 101.35156 20.270.312.50 SETT.04/03 DUE 0401/2033 05.500% 0987200211332 REF 8 2003032445850300 85 AS Di 0372403 TO CA PREVI3US SELL 04/14/03 01/27/03 CANCEL BUY FNMA-30YR(FNMAIGTE) 5N96251 -10.000.000 100.60938 10,060,937.50 SETT.04A)3 DUE 0401/2033 05.500% 0987797115332 REF 12003012746430000 BS AS OF 01/2700 TO 01 PREVIZUS BUY 0014/03 0204703 CANCEL BUY FNMA-30YONMA)G D 51196251 -10000000 100.93750 10.093.750.00 SETTO403 DUE 04/01/2033 05.500% 0987260211332 REF # 2003020448390003 BS AS OF 02/04/03 TO CAL PREVEUS BUY 04/14103 03/24/03 SOLD 51196251 -20.000.000 101.35158 20.270312.50 FNIAA HT NMA)GTO SETT.D4M3 cm 0601/2033 05.500% 0987280211332 REF 12003032446850000 BS 04/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392R6U0 -1.546.030 SERIES 2471 CLASS YT 1,000 CUE 03/15/32 PRIKIPAL REDUCTN 04-1603 04/15/03 PRINCIPAL FEDERAL HOME LOAN MIG CORP 31392R6U0 410 SERIES 2471 CLASS YT 1.000 DUE 03/15/32 PRINCIPAL REDuCny 04-15-03 04/15/03 PRINCIPAL FEDERAL MOMS LOAN MTG ODRA 3139276E2 -2.569.000 SERIES 2483 a Si. 5,720 DUE 03/15/32 PRINCIPAL REDUCR4 061543 CLE8980 1W101.83m 03 vOOLLY 00310) 21.83.CW/Y 8es/ Reams SCUPS. Cap. manoto Cettli. gra Orceitp. New IfOrk 11201.3859 Cala 272.lcco FINANCIAL TRUST CO INC IITATEMEhl PERM) Myth 29.2003 THROUGH Ayel 25. 2003 ACC013141 %NM 781PAYER MAW/ On Fie LAST STAIIMMT Myth 28.2003 027 04/744811:44 001 VS83 EFTA01320856

-n C in r OL9OSEOCIN9- ANGS I8 b.) IJ IJ BEAR STEARNS 01310E SERVICING YOUR ACCOUNT Bear, Steams & Co. Inc. 3B3 Madison Avenue New York. New York 10179 1214 272-2000 8 ,3 Transaction Detail (continued) INVESTMENT ACTIVITY (0)ndmed) =ARM 114IOUON ITS ?MOLLY OVA.= STAISCAARY But. San Saw** ON. Oro ihmoNch Casey WS Mote". Mw Tait 11201.L55 Inn zia-loco FINANCIAL TRUST CO INC stAistarNT INDIOD /Arch 29.2003 nOtOUDN Ara 25.0003 ACCOUNT KauSEN TAXPAYER NUNSEA LAST STATiwir march 28. 2003 SEM/WENT TINGE DATE DATE MUSCIICed wicsrancri SON3O./CUSp Comm P4105 oust MONT CREDO /MOUNT 04/15/03 PRINCIPAL FEDERAL HOME LOAN AUG CORP 31392T6E2 -379 SERE 2483 CL St 5.720 DUE 03115/32 PRINCIPAL REDUCTN 04-15-03 04/15/03 PRINCIPAL FEDERAL HOME LOAN MEG CORP 373930.13 -2,857,000 SUES 2530 CUSS SE 6.120 DUE 02/15132 PRMCIPAL REDUCTN 04-15-03 04/15703 PRINCIPAL FEDERAL HOME LOAN MTG CORP 313931A13 -650 sEREs 2530 CUSS SE 6.120 DUE 02115/32 PRINCIPAL REDUCTN 04-15-03 04/1903 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393F088 -1.225.000 SUES 2528 cuss 51 5.720 WE 02/15032 pRiNcipAL REDUCTN 04.1543 04./15.103 PRINCIPAL FEDERAL HOME LOAN MEG CORP 31393FG86 -795 SERIES 2526 MASS Si 5.720 WE 02/15/32 PRINCIPAL REDUCTN 04-15-03 04/25/03 PRINC.AL FEDERAL NATIONAL MEG ASSN 3736FAL031 231,916.95 snap tiro wen 322 CL PO 0.001 DUE 03/01/32 pRN RID 03-03 P/0 04-25-03 REPO P 8I 0.0300 cmastba PRiNalPAL FANNIE MAE CMO/SERIES 2002-82 31392F573 .614.196 5K-SO FLU 6.730 WE 10/25/31 PRI/at/PAL RECOUP/ 04-25-03 04/25/03 PRIN5PAL FEDERAL NATIONAL MEG ASS 313921PR4 -188,473 SERIES 2003-16 CLASS JS 10.060 WE 03/25/15 preNapAL REDucTN 04-25-03 027 04/26.03.11.40 COI VON EFTA01320857

£9£EZZOOVia 0 z m z r TL905£00 IND ANGS BEAR STBNRNS OFFICE SEWERS YOUR ACCOUVT Bear. Stearns 8. Co. Inc. 383 madisc0 Avenue New York New York 10179 (212) 272-2030 Transaction Detail (continued) INVESTMENT ACTIVITY (ccotinued) 5011.11000 MAX DAR 0" IltANSACTO1 COCMP1/31f 04/25/03 PRINCIPAL FEDERAL NATIONAL WC ASS SERIES 2003-1S CUSS JS 10.050 CUE 03/25/18 P2-7,NK2PAL PAYVENT 04.25.03 NJ' A I. DEPOSITS AND WITHDRAWALS ~RED llektuan irS M.14CtLY Genie° SueS0wri Bear Suns Sec a Cap. OY idaret.aa Caw NYT Ilrod0p. Non Val 11211.54159 :2122 272.1003 FINANCIAL TRUST CO INC STATnert 1.01)00 Math 29. 2003 /14ROUOm April 25. 2003 steCtea ~ma TAKPAYOs MER nueOlttlyi, MC( UST STATtliVir 0011 »WI3 Mach 28. 2001 On DO WONT 31392JPR4 188.472.84 5.40 425 COO 00 540.845.389.79 OAR MUCAC1130 OESC” 00IIIMOUNIT 01/03/03 END WIRED Wtti 48Q6effiSWIRED TO 77.852.00 AC238/604020 C 237788 TOTAL 5-77 85200 Cetort main INTEREST art ODYISITC41 03/31403 AVG BAL 241,588RT 0.424 021 OFFICE INTEREST 0303 04/15/03 FEDERAL HOME LOAN MTG IMRCor49vg.3 511121/0119) 04115/03 FEDERAL HOME LOAN WO CORP Mr °112713 51 :1.4. 04/15403 FEDERAL HOME LOAN MIG CORP 313920580 3139205110 3139211352 COMM WEN 012.1110JV CST tam 79.68 1.0000 23.557.88 1.0000 33.854.12 5.7200 223,572.95 Oa? 04121103:11:48 001 212 EFTA01320858

0 -n z C in z r ZL9OSEOCIN9- ANGS IJ IJ BEAR STEARNS CC fiCE SERYCING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madaon Avenue New York. New York 10179 (212) 272.2000 10 e Transaction Detail (continued) 0-EMED 1100U0n ITS womttv OATS* sa*wRv Na. Swam Scans Co Ow liemsach Car It,,, amahn. Nem Vert 1T:01.1419 0121271.1000 FINANCIAL TRUST CO INC 8TATMENT PERM March 29.2003 11410.43.4 AO 25.2003 ACCOura mmlet TathavER mum* On File INTEREST (condrued) WIT STATVADTT March 2t 2003 DATE CISCRPTION SYMOCUCUS. 04115/03 FEDERAL HOME LOAN MFG CORP 31392T/32 Dieisgps3 04/15/03 FEDERAL HOME LOAN MTG CORP 31393FAF3 IIIMINCD;g03 0//15103 FEDERAL HOME LOAN MTG CORP 313931686 kg. 04/25/03 FANME MAE CMO/SERIES 200242 31392F573 WARJENT 11!&3 04/25103 FEDERAL NATIONAL MTG ASS 313921PR4 MUMMA NT 03:18707 TOTAL REPURCHASEAND REVERSE REPURCHASE TRANSACTIONS with Bear, Steams& Co. Inc. SURES TRAM art 0411 UM15/4112.14 01/07/03 JOURNAL OTSCIWTION SERIES M-Mr 1.000 DUE 03/15/32 FM F0977100 Al RP OPEN RP0973100A RP OPEN RP0973100A FITS R773233016 8.626 CDC 12/31/49 2074420692 004/004 RAM 09 OEM TMOUM 0600 IMMO 8.7200 227.667.02 6.1200 263,156.51 5.7200 105.503.85 6.7300 132.220.68 10.0500 61.52043 Si 070.033.60 ST/10000.60. GUAM( DLM Mar/ atm MOUNT MTG CORP 31392R6U0 40.384.945 0017/03 JOURNAL 8888888 750.003.00 04/21/3111:411 001 V14.1 EFTA01320859

In 8 b.) 1.2 0 -n C in r EL9OSEOCIN9- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Beer. Stearns & Co. kw. 383 Madson Avenue New York. New York 10179 (212) 272.2000 11 o113 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (canInuecQ 5411121.1111 MIX OAR DATE IPAPSICDON OLSCOPTON 0017/03 JOURNAL F ar C2773233017 8.625 DUE 12/31/49 2074420692 04/17/03 JOURNAL ADP FMA-M 773233018 8.625 DUE 17/31/49 2074420692 04/17/03 JOURNAL nia R773233019 8.625 DUE 12/31/49 2074420692 04/17/03 INTEREST ADP CD DUE 12/31/2049 8.525 FillA-PR F0773233016 2074420692 04/21/03 A3UNNAL STRgifnitri NAL gre thk G ASSN 0,001 CUE 03/01/32 FI114 70781186 A2 RP TERM R90783186.1 RP TERM RP07831864 04/21/03 JOURNAL STRkafeikanin NA N ASSN 0.001 DUE 03/01/32 FEIN 71113165 Al RP OPEN RP1I13185A RP OPEN 011113185A STRIMIRMPAIV ASSN DUE 03012032 0,001 FRM 70763166 AZ PP TERM M783186.4 RP TERM APO/83186A 04/21/03 INTEREST CLEARED Thaa.cm ITS VesOLLY Oisba0 WASCURv Sear. Yana soartan Cap. Cat Maar-5 Cate Nab Srcolln law York 112014859 12121222-1010 FINANCIAL TRUST CO INC STATEuea Pf.M00 Mach 29, 2003 niA011264 AO 25. 2003 ACCdar HASA Mona MAHER LAST STATOVINT Werth 28 2003 $011.15.CUSIP Ou/alai DRIP WPM CREW MOUNT 8888888 750,000.00 8888888 750.000.00 8888888 1.950.000.00 8888888 521.67 3136FAID1 3.811.029 3.032.000.00 3136FALOT -3.811.029 3.078.000:08 3134FAL01 4,307.97 031 01/210;11p1A 001 11543 EFTA01320860

BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Boar. Steams & Co. Inc. 383 Madison Avenue New VEDA New Yet 10179 (212) 272-2C00 12 el, Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (conliwed) 0 -n UMORN MAC( GATE an rtAASAC11Cei mscept04 SYM1101.0.64P 0444 DEMI MOAT 41047 MI0UNI 04/25/03 04/25003 04/25/03 JOURNAL JOURNAL INTEREST SERIETIARtaitf LO MTG CORP 6.690 DUE 03/1932 FMA F1153151 Al RP COEN 01153151A RP COEN RP1153151A Mi EDIERALMMAN MTG CORP ms ZABO 6.690 DUE 0311932 FITM 70593333 A2 RP TERM RP0593333A RP TERM RP0593133A SERI FEDERAL HOMEMAN MTG CORP ES 218I CLAM 03t15/2032 6.890 FLINT F0593333 A2 RP TERM RPOS93333A RP TERM V0593333/. 313921/32 31392T132 31392T332 -38.427.745 38,427.745 3.600)300.00 9.044.62 3.133.000.00 ..... C rn TOTAL 5.9.425.352.59 57.711 521.67 MISCELLANEOUS CLEARED NAOLARn rTS AM0tiv OwstD SJELScrAxe Boa. Sena Sonnies Cap Cne Verouth Ceno Nam awinn AA. at .1201-3859. 121?)2n.loon FINANCIAL TRUST CO INC STATEulek7 Plitco With 29.2003 flocs-Kai Ael 75. 2003 AZOOLNT otwaEct TA0AvER KAMM LAST svArcure Witch 28. 2003 r PL905£00-O19-ANGS I8 IJ IJ 0", DATE M0DAY IRSGSC1DI CESCRP1174 DEBIT SIA0CNI alte MOM 04/1003 JOURNAL AMR 03 SPEC CLEARING FEES 700.00 04114/03 JOURNAL FNMA.30YR(FNMA)GTO 115.625.00 SETT.CW03 5.500 DUE 04/01/33 MIS NET 00443 04/16003 JOURNAL FEDERAL HOME LOAN MTG CORP 20.192.47 SERIES 2471 CLASS YT 1.000 Du( 03/15(12 NT 021432128 TO 021.52128 022 044610111:4 001 11143 EFTA01320861

0 -n C in z -H r SL9OSEOCIA19- ANGS BEAR STEARNS OFFICE SEMACING YOUR ACCOUNT Beef. &earns & Co. Irc. 383 Madison Avenue Now York New York 10179 (212)272.2000 13 v•I CUOMO TotOuem ITS MADALY CAWS° IMISCMAY Out. Swans Searbes Cs*. Cam Mtatemn Cele see eiosian. MV York 112014859 912I 272.1000 FINANCIAL TRUST CO INC STATEMENT SEIKO Math 29. 2003 110100011 Awl 25, 2003 Transaction Detail (continued) MISCELLANEOUS (corOnced) DAN MODAY TRAM5ACTOM DESCRISMN Men mem ACCCtEr MANNA TAXPAYER maMEAM IP M tAst STATEMENT Meth 28 2003 LEE CC Aare 04/21/03 04/21/03 JOURNAL JOURNAL FEDERAL HOME LOAN MIG COOP SERIES 2471 CLASS VT 1.000 DUE 03/15/32 REVERSE 4/16 ENTRY FEDERAL HOME LOAN M7G CORP SERIES 2471 MASS Yf 1.000 OUE 03/15/32 INT 021.92128 TO 021-52128 20.192.47 10.095.24 TOTAL $-20.892.47 $145.913.71 Trades Executed Pending Settlement Strilaert 19101 [mit OM riumiCTION OISCRPIMS SYMMS:LW OUVEMY 9W DEMI MOAT moo mecum 05/14/03 03/24/03 BOUGHT FRMA-30YR(FNMA)CID 5N96886 20.000.000.00 100.9375 20.187.500.00 SETT.05/03 DUE 05/0112033 05.500% 0987280211332 REf 0 2003032446680000 BS TOTAL 320,187,500.03 30.00 T. On. Clan Co Pa wow any Wet ..a8, a m Malitner. 027 ON2103:11:44 001 1M43 EFTA01320862

CL/ARCO naC0011 ITS iindeLLY 0'MC SUBSOAlte 0 0 z m C in z r 9L905£00- 019- ANOS 8 b.) IJ 00 00 BEAR STEARNS anco SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madson Avenue New York. New York 10179 (212) 272.2000 Ow fl an Stoolies Coe?. o. Idaeolein C— Mat areenr. It. vet 112014.30 2121 272.1000 FINANCIAL TRUST CO INC ACCOUNT EXECuTNE GNMA GOVT BOND STATEsee recto° March 1.2003 VISIT OUR WEBSUE avm.bearsteams.com TNMW W> MVO 28 2003 Accoma NuulIER What's In This Statement TraffrArra wsiera Financial Summary 3 FINANCIAL TRUST CO INC LAST STArmiev ['Way 28.2033 You' Portfolio hidings 4 0/0 JEFFREY EPSTEIN 6100 RED HOOK QUARTER Transaction Detail 6 STE B3 Trades Not Yet Settled 11 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURITIES 1145 PERIOD 24.075.942 Case b Er/anew% $271282 1385.776 LONG ACCRUED INTEREST 300.806 Ned S24.075.942 NET Mort BALANCE 273.282 Warne sustain NET EQUITY THIS PORK* $24.650.030 Q$T meter Nam NET EOUITY EAST STMETANT 23.891.200 ME tatt stamen's market value cRANGE SINCE LAST STATEMENT 758.830 There are no 'Stop LOSS. orders or other pending buy or sell open orders on file for your account. SINllis Amon Y lot ifeensdeasi eases ally. I N rta veered n o tax Nis. "Ns unmet Steal trIallitd * YOU roma See nese ale tr main carom 027 03!903.10-.M 001 VS42 EFTA01320863

Ct.Watt nIttl-CM ITS W140u. anus MAMMY Bar. Sea Stant."' CM. One Wraith Ori N.;rth Omar. New erg ZO 3109 212) 211.1000 FINANCAAL TRUST CO INC z m C in z -H r LL9OSEOCIN9- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 021 03/21103:1064 00i IS•2 EFTA01320864

En 8 b.) IJ BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams b Co. Inc. 383 Madison Avenue New York. Nen York 10179 (212) 272.2030 MIMEO THROuGli ITS 'Attu. Owed> Watinuri Mt Sin Seesaltas Cap. Ore lama° crow worn Me rot 11201.3619 IbA 2/2.1000 FINANCIAL TRUST CO INC 3 a •3 STATEwE T POMO March 1,2003 Trecual tAwCh 28.2003 Cash Flow Analysis DiSPOJOI) Income Summary nos PERM Wm TO MIL ACCOUNT NjUltErt TAXPATTR mANIFJ1 LAST STATVANT Februvi 28. 2003 Opening Balance 5385.775.82 Go)t. Agency Ire. 962.655.39 2.847.399.28 Corp. BCcld Int. 134.082.87 269.971.75 Searties Sold 5,010,034.50 Credit Balance Ira. 64.72 192.52 DaldendsAnterest 1,096,802.98 Rouse Repurchase kit. 77.08 3.591.32 Miscelanecus 205.279.34 Total 51.096.880.06 53,121,154.87 Amain Credited $6,312.116.82 Bond Ruches, Int. 0.00 -30.981.48 -n Securities Bought Miscellaneous -6.270.120.19 -154,490.17 C in Amount Debited Net Cash Activity 5.6 424 610 36 ,112,493.54 Portfolio Composition CasIVCash Eguhralem Reed Income 273.282 24.075.942 Closing Balance 5273 282 28 Total 524.349.224 Your Portfolio Allocation r 8L9OSEOCIN9- ANGS Cash Balance Summary CPEMI Cu)SING 385.775.82 273.282.28 Net Cash Balance 5385.775.82 5273.282.28 042 CaSh b Equiraknt-, 1% — Fad Income 99% U-Nlvd. p&W. Pep. 00)1 WY, (. Vett VW. TWIN vita Thi Ocala. porawao• • brad — Te Ueda, Nolte! %SIM 01 ITO POT* COr4103:10.1 031 V642 --J EFTA01320865

rn IS b.) La b./ --J C) 0 m C rn r 6L9OSEOCIN9- ANGS BEAR STEARNS OFFICE SERVEING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Mason MEOW New 030. New Yak 10179 (212) 272-2000 4 912 Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCatits CASH BALANCE TOTAL CASH & CASH EQUIVALENTS $273.282 PWCLCUSP Algafti EsniALID) °ARENT @WM. PM( Via! MNYL ACC.Al sill° r%) 273.282 FIXED INCOME Government & Agency Obligations DESOWTOM MMOUCUSP ACC ME Osman raw./ wow VMSC ACCIAnD KUNST (SWAM AskuAL DICCAE CtibtOil FEDERAL NATIONAL MTG ASS 31392JPR4 MRGN 7.327.513 97.6300 7.153.880 8.153 738.250 10.3198 SERIES 2003-16 CLASS .16 DATED DATE 01106/03 800K ENTRY ONLY DUE 0306/2018 10.0)5% FACTOR - .99061310 FEDERAL HOME LOAN MTG CORP 31393F/43 MRGN 51.599.311 10.3259 5.328.097 114.036 3,157.878 59.2684 SERIFS 2630 CUSS SE DATED DATE 10/11/02 BOOK ENTRY ONLY DUE 02/15/2032 6.120% FACTOR - 05996860 FEDERAL HOME LOAN MTG CORP 31393FG86 MRGN 22.133.676 9.2919 2.058.648 45,719 1.266.046 61.5588 SERFS 2526 CUSS SI DATED DATE 1001/02 BOOK ENTRY ONLY DUE 02/15/2032 5.720% FACTOR • .85998960 FEDERAL HOME LOAN MEG CORP 31392R6U0 MRGN 68.654.407 2.7988 1.921,493 24,794 888.544 35.7297 SERFS 2471 CUSS YT DATED DATE 0607/02 8COK ENTRY ONLY DUE 0315/2032 LOW% FACTOR . .80769890 027 NN*81104E 001 V642 CLEARED isstOusA n *Wive PANED sussestary Bs. Sums Sipmitot Cap. One Mime. ova/ Nee Macy% Nivt Tore 11201.3852 CM 2720003 FINANCIAL TRUST CO INC surrwrxr moo hatch 1.2003 TMCEMI Meech 28.2003 M'CO ofT MAIO TA210701 WISER 00 Fie LAST STATtuarn Forum, 212003 EFTA01320866

rn IS IJ V.) IN —J r‘a 0 -n C rn r 08905£00- O19- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison MONS New York. New York 10179 (212) 272-2000 5 n': PLOW 081083m ITS vasOu One= SUSSCsAlre Pm Sinn Seams, Can Ora Iheredsch e n ftnn Wooler. Nat at 20 .31S9 2123 272.1000 FINANCIAL TRUST CO INC STATE:8MT PEROO PAWN 1.2003 imsCUGH Weal 28. 2003 Your Portfolio Holdings (continued) Government .5 Agency Obligations (continued) ACCOUNT Nubia" TiOnvIll Ma LAST amnion rebury 28.2003 ACCT OCCIALED IS1ItMTtD ORSENT °ESCROWS STIABOUCUSIF SOY 0Sonrc MCI VAMET VALLIE ratREST Mild" MOUE me me FEDERAL HOME LOAN MEG CORR 3139216E2 MRGN 46.903.416 9.3921 4.405.222 96.882 2.682.875 60.9022 SERIES 2483 CL SL DATED DATE 07/02/02 BOOK ENTRY ONLY DUE 03/15/2032 5.720% FACTOR - .81309650 Total Government& Agency Obligations 520.865.338 5287.584 58.531.593 Corporate Bonds ACC: /COMO IMAM) CUTOUT DISCRIPTICH STIdiltoCUSP Oussary MICE MUST YALU( WSW 11•4111. WOW NEM(%) FANME MAE GMO/SERIES 2002-82 31392F573 MRGN 23.523.322 13.6486 3.210.604 11222 1.586.648 49.4190 SKIN FUR DATED DATE 1002/02 BOOK ENTRY ONLY DUE 1025/2031 6745% FACTOR • .94093290 Total CceporateB0exls 53.210.604 513,222 51,586.648 TOTAL FIXEDINCOME 324,075,942 5300,806 510.118,241 YOUR TOTAL ACCRUED INTEREST 5300.806 YOUR TOTAL ESTIMATED ANNUAL INCOME $10.118.241 YOUR PRICED PORTFOL IOHOLDINGS 524.349.224 027 03121101:1054 001 VS42 EFTA01320867

ELI IJ IJ —J 0 0 - z C z rn r T8905£00- 019- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue New Yak, New York 10179 (212) 272-2000 6 e Repurchase and Reverse Repurchase Transactions with Bear,Steamsand Co.Inc. outstanding as of date of statement PUOWSE/ RFANEWSE StMI WE WI PROW RATE WOW PAW PAWIPAL WAND REPO WRIST* WNW WE WOUND OW DESCR910. YOU SOLD FEDERAL HOME LOAN MTG COW' (REPO) 02(28/03 05/07/03 1.580 -3.680.000 -5.006 -50000800 31392T132 SERIES 2488 CLASS SO 6.7200 03/15/32 YOU SOLD FNMA-SMBS PRINCIPAL ONLY (REPO) 0 3/1 9'03 04/21/03 1.550 -3032000 -1.566 -5.000.000 3136FAL01 SERIES 322 CLASS PO 03/01/32 TOTAL REVERSE REPURCHASE TRANSACTIONS SO SO TOTAL REPURCHASE TRANSACTIONS 5.6.712.000 54.572 'PO Or Stoll Rao wANCO WOVDPI Meer este $13381001rt env Steers SeCurtlet 500 Coe PAHmecch Lew NW ertatirt Nee Vert 11201.3859 (212) MOW) FINANCIAL TRUST CO INC STATIVENT PM° Wed, 1.2003 1149000.1 Mirth 28.2003 Art 0.rNT MUSA 7.09AVER wAW en Flo utter STAMP? February 282003 Transaction Detail INVESTMENT ACTIVITY SEMDAENT TRJOE DATE 081E TRANSACTION OESCRPIXIN SMEWCUSIP DEWITT PIECE DEPT M IT CREDIT AMCW 03/12/03 JOURNAL FEDERAL HOME LOAN MTG CORP 31393FG86 -2 SERIES 2528 CLASS SI 5.660 DUE 02/15/32 03/17/03 PRINCIPAL FEDERAL HOME LOAN MEG CORP 31392R6U0 -2452.030 SERIES 2471 CLASS YT 1.003 DUE 03/15/32 PRINCIPAL REDUC17403-1543 03(17/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392R6U0 -339 SERIES 2471 PASS YT 1.000 DUE 03/15/32 PRINCIPAL REDUCTN 03-1543 co/ 03/29.03.10.54 CM VMS EFTA01320868

MUM TPRO4,31.1 ITS %.M0u.v 06.0.ED Sun.:war C) -n C rn r Z8905£00- 019- ANGS I8 b.) IJ .9- BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Boar. Steams & Co. Inc. 383 Madison AvenUO New Yot. New York 10179 (212) 272-2000 7 d.2 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SEMEI/Ela MOE aut Dirt TRAPACOOM COMPTON 03/17/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SL 5.720 DUE 03/15/32 PRINCIPAL REDUC17/03-15.03 03/17/03 PRINCIPAL FEOEPAL HOME LOAN MFG CORP SERIES 2483 CL SL 5.720 DUE 03/15/32 PRINCPAL REDUCTN03-1543 03/17/03 PRMC1PAL FEDERAL HOME LOAN MEG CORP SERIES 2530 CLASS SE 6.120 CBE 02/15/32 PRINCIPAL REDUCTI403-15-03 03/17/03 PRINCIPAL FEDERAL NOME LOAN MTG CORP SERIES 2530 CLASS SE 6.120 Cur 02/15/32 PRPIOPAL REDUCTN 03-154)3 03/19/03 03/17/03 BOUGHT FEDERAL NATIONAL MI6 ASSN STRP MTG SERIES 322 CL PO WE 03/01/2032 00.001% 0987135514332 REF Ft 2003031746650000 BS 03/25/03 PRINCIPAL FANNIE WE CMO/SERIES 200242 SIC-10 FUR 6.713 DUE 1005131 PRINCPAL REDUCTN 03-25-03 03/25/03 0325/03 PRINCIPAL FEDERAL NATIONAL MEGASS SEM 21:03-16 CLASS JS 10.000 DUE 03/25/18 PRINCPAL RENON 03.25433 Sea Storrs Secants Cap. One Mercaedi Cater NMS linden Net Tot B201.3559 1212)2/24000 FINANCIAL TRUST CO INC STATUS, POMO 'MO 1.2003 Mirth 28 2803 SYSISOUCWIP 011et4MT FPIf4 ACOXINT MIMES TAXPAYER rolieel1 QB rik LAST STATUDIT Febtery 28, 2003 OM near CREDO AKIN! 3139276E2 3139276E2 31393FAF3 313931.413 51361AL01 313921373 31392JPR4 -2.366.000 •238 -2.422.000 •336 4.042.946 442.336 -69.957 8934375 3.51-0).0.19 PRINCIPAL FEDERAL NATIONAL MEG ASS 313921PR4 69.95792 SERFS 20d3-16 CLASS IS 10.020 DUE 03/25/18 PRINCIPAL PAYMENT 03.25.03 TOTAL S-3.612.120.19 369.957.42 02T 03/2503:10,54 001 WAS EFTA01320869

BEAR STEARNS OFFKE SERVICING YOUR ACCOUNT Beet. Stearns & Co. Inc. 383 Madison Avenue New York New Yak 10179 (212) 272-2000 0 or 12 Transaction Detail (continued) INTEREST 03/03/03 0 03/17/03 0 03/17/03 -n 03/17/03 C rn 03/17/03 03/17/03 r 03/25A3 03/25/03 TOTAL £8905£00- O19- ANGS IJ V.) IN —J OEscesmcar AVG CAL 136.265R1 0.633 021 COTICE MEREST 0203 FEDERAL HOME WAN MG CORP p7AWS YT NT 83-,J43 FEDERAL HOME LOAN AR0 65O SL y 2p vA NT 83??803 FEDERAL HOME LOAN MUG CORP Wit FEDERAL HOME LOAN MI5 CORP iirai t gCniNg03 FEDERAL HOME LOAN MTG CORP RE FANNIE MAE CMO/SERIES 200242 7a3 lalia/INT 83- 103 FEDERAL NATIONAL MTG ASS NsIL`16. Cry= mama( as WROMY OWSED SUIMORRY U. Seats SeCulan CA. Or. Maretch Otte NOM teelart Mai Tat 112014149 Ina Haim FINANCIAL TRUST CO INC 'TATMAN, PEP300 March 1.2033 ThROVON March 28.2003 Wear Pe NUMBER TAXPAYER Nast* LAST 'ATEYO." Fetus" 28. 2003 sneCrueufs WAPITI ItUt a? MOW CaM47 MOM 64.72 31392e6U0 1.0000 49,492/2 31392T6E2 5.7200 232.38832 313927/32 6.7200 237.017.33 313937%3 6.1200 272.811.87 31393F086 5.7200 109.299.12 31392FS73 6.7130 134.082.87 313921PRI 10.0000 61.645.63 57.098.802.98 027 IditiC1:10S4 EFTA01320870

177 8 b.) IJ -n C in z r P8905£00-O19-ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Boar. Steams & Co. Inc. 383 Madison Avenue New York, New 70(k 10179 (214 272-2000 9 a•7 Transaction Detail (continued) CLZAJWO ligROIA)/4 119 'Mart OWNED WAISOI0t1 Bee.. Wears Sea4 S On. DN — Cris NOW. Sway% Nee Vat 11701.MO 0121272.1060 FINANCIAL TRUST CO INC STATEvert PERIOD MMth 1.2003 NAOuCial Myth 78.2003 ACCOUNT RIMER TAY/WM NINON On File REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS UST STATEVEW Febuary 28. 2003 with Bear,Steams& Coinc. SETII/VENT MIX DAIL DOE 14444422/711 CtSCRVIION Sw4(13(.0.1514 03/07403 JOURNAL 1S25DERAI. HOMEWAN MI6 CORP IE 28 CLASS 31393F686 -23.1;711.401 2.9s248 DWI AVOW CRICV IMOUN1 SER 5.660 CUE ozn 5132 FITM F0663184 Al RP OPEN RP0663184A RP OPEN RP0663184A 03/17933 JOURNAL SERFEDERAL NatEsliOAN MIC CORP 31393F688 22.133.676 IES 2536 C 5.72000E 02/15/32 FITM F0663184 A2 RP TERM RP06631841 RP TERM RP066311344. 03/18/03 "NAL Fat ?g773233011 8.625 DUE 12/31/49 2074420692 8889163s 1.150.000.00 03/19/03 JOURNAL STRFIRRVERV M CE MG ASSN 3136FAUTI 4.042.946 3.032.000.00 I A r IL 0.001 DUE 03/01/32 /TIM F0783186 Al RP OPEN RP0783186A RP OPEN RP0783186A 03/20103 11N1RNAL Frraf 773233013 8.625 DUE 12/31/49 2074420692 rima R3233012 8,625 DUE 12131/49 2074420692 8888888 758,000.00 03/20103 JOURNAL 8888888 1.150.000.00 03/20103 INTEREST DUE 16/4 AQP_ 8888888 57.50 9 8 .0 5 FITM-PR F0773213012 2074420692 03/21/03 JOURNAL FITS 773233015 8.625 CUE 12131/49 2074420692 8888888 750.000.00 021 ovneetwei 00I V642 EFTA01320871

In I8 IJ IJ W --.1 --3 0 0 m C in r 58905£00-O19-ANGS BEAR STERNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. New YOUR 10179 (212) 272.2000 10 a '2 Transaction Detail (continued) CLEO= 3141090. ni VOCLIX OWNt.0 Suiscrure few Sun Soaves ea. Caw 1441/014th Cinr Mn t.ce1' Sao York 112014/139 (2121 272.1000 FINANCIAL TRUST CO INC STATINENT Pomo Mwth 1.2003 THROUGH Myth 28.2003 At .WT MA HER 7.100,AVIR WYSS REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) LAST STAMIDIT Fonmry 28.2003 SIT110400 WA Met MR MAUCH:IV DISCRIX4/ SYOOLCL00. COMM OM MOST MIXT 44731241 03/21833 JOURNAL Frlidif ig773233014 8888888 758.000.00 8.625 DUE 12/31/49 2074420692 03/21003 INTEREST /31 DUE 1 ADP 049 8.625 8888888 19.56 FMA-PR F0773233014 2074420892 03/28/03 JOURNAL SE 2471 idEcO C1ASH LOAN MG CORP S YT 31392R6U0 24.230,987 1.000 DUE 03/15/32 FIRALRGN F2893255 M rep TERM RP289325.5A RP TERM RP2893255A 03/28/03 JOURNAL stRaDER 247AL1 MEWAN MTG CORP 31392R8U0 -12.116,483 1.000 DUE 03/15/32 FTDA4RGN F0673200 Al RP OPEN RP0673200A RP OPEN RP06732COA TOTAL 5.2.658,000.00 54.940.077.08 MISCELLANEOUS oar mow 11UMACTI111 oescernaa OMIT MOM CALM NAOMI 03/12)03 JOURNAL FEB 03 SPEC CLEARItiG FEES 400.00 03/14/03 JOURNAL FITM TO MG 112.068.00 03/17103 JOURNAL FIlM TO MG 20,813.00 03/18/03 JOURNAL FEDERAL HOME LOAN MTG CORP 21.211.17 SERIES 2471 CUSS Yr 1.000 DUE 0115/32 PM 1RNFR 027 03/21103210.54 001 vM1 EFTA01320872

IT/ 8 b.) IJ 00 00 0 -n C in z r 98905£00- 019- ANOS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Int. 383 Madison Avenue New Yak. New York 10179 (212) 272-2000 11 o1] Transaction Detail (continued) MISCELLANEOUS (continued) OAT( /Par TIMSACIION otscernow we Wald CRIOrt .../.001/1 03,18/03 JOURNAL FEDERAL HOME LOAN MTG CORP SERIES 2471 MASS VT 1.000 DUE 03/15/32 RECLASS PSI FEDERAL HOME LOAN LOG CORP SERIES 2471 MASS Yr 1.000 OLY 03/10/32 PRI 1RYFR 2 .21 . 03/19103 JOURNAL 21.211.17 03/2003 JOURNAL TOTAL FITG 162.867 00 5.154.490.17 5205.279.34 Trades Executed Pending Settlement SIT/IDIEW TR/OE OAn DATE 1111MSACTIN OlitRIP110N 04/14/03 01/27/03 BOUGHT Vasucum. GLUM ThROU/314 /TS %/Cur Ova/ED 5/111/00.11Y Inc Sits Somata Cab On/ Wrotech Cub MY/ 0/0:0r. taw Yok 11201.1•30 1212) 272.1000 FINANCIAL TRUST CO INC STATEursT repo° Mirth 1.2003 ThiliOucet /A0/(A 28. 2003 ACCOUNT ,.,willE4 T.071/AvER Nut/I3E/R LIST srAinaNT February 26.2003 0/AWIT17 14ers NW St CMCCIT MOM FNMA-30YR(FNMA)G1D 5/096251 10.000.000.00 100.6093 10.060.937.50 SET7.0003 DOE 040112013 05.500% 0987797115332 REF • 2003012746430300 EIS FNMA-30YR(FIMIA)GTD 5/096251 10.000.000.00 100.9375 10.093.750.00 StTf.04103 DUE 04/0113033 05.500% 0987280211332 REF • 2003020446390030 85 FNMA-30YR(FNIAM 5t196251 -20.020,000.00 101.3515 20.270.312.50 SETT.04.003 DUE 0001/2033 05.500% 0987280211332 REF * 2003032446850000 EIS 04/14/03 02/04103 BOUGHT 04/14/03 03/24/03 SOW 027 03/211107:1004 /701 EFTA01320873

0 TZ E I 5 m r MOSEOCIA19- ANGS BEAR SIMMS OFFICE SERVICING WOK ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New Yak. New Yak 10179 (212) 272-2000 12 cr 2 Trades Executed Pending Settlement (continued) SEMEWEKI PUDE OUT OPT( leANSICICH OfSCRIHTGN 05f14/03 03/24/03 BOUGHT SITIORACUSP CJAPREO ITROuGH rIS NT= CaTED Sussopay Bea. Sum Rastas Cap Ore hgareura Craw Wan liroder. Nes TT 11201.1(59 RIZ) 272.1000 FINANCIAL TRUST CO INC RAMBO HEROD Mardi 1.2003 TROUGH March 28.2003 HOPCOR PCONSER TATIMER RARER LAST STATOR/a Feta*" 28.2003 CUMMIY MC( a9n NJOUICI MECO MONT FNMA-30YRIFNLIA1GTO 5N96686 20.000.000.00 1009375 20,187,500.00 SCIT.0903 DUE 0501/2033 08.500% 0987280211332 REF r 2003032446880000 85 TOTAL 540.342.187.50 520.270.31240 Th. alos olds. Of sat moss n as an. umIss N 1, 4 yainn• STOP End of Statement 027 03120)110P4 001 Vta2 EFTA01320874

-n C in r 88905£00- O19- ANGS 8 b.) IJ BEAR STEARNS OFFICE SERVICING Waal ACCOUNT Beer. Steams & Co. Inc. 383 Madoson Avenue New Nth. New York 10179 (212) 272.2000 ACCOUNT OrECUINE GMM GOVT BOND VCR OUR 434855E wormboarsteams.corn What's In This Statement II r Ilrrrlk.I.li 1.1 Financial Summery 3 You Portfolio Holdings 4 Transaction Detail 6 Trades Not Yet Settled 11 FINANCIAL TRUST CO INC Cf0 JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 03802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE Of 5/CURRIES TICS PERCO LONG ACCRUED INTEREST NET CREDR BALANCE 23.198.123 307.301 385.776 NET EQUITY TNI6 PES1OD $23,891.200 NET EQUITY LAST STATEMENT 22.986.053 CHANGE SINCE LIST STATEMENT 905.147 There are no 'Stop Loss* orders or Other pending b or sell open orders on file for your account. Cash & Le /Sent 5355.776 5617 522. $23. 463. 19:301111 Koine fcted El Martini meet utd.Je En Last statemenrs market value CUOMO THROWN In wsCRAT OWL@ SUISSOLAItv Sew. Stews Season Coe Ow mimeo Cray NMI &AA" Me Tort II2014,59 ((2121272.1000 FINANCIAL TRUST CO INC sumer(' PEISCO ittniary 1.2003 Titans Fottuay 28.2003 ACCOUNT RAWER TAXPAYER want LAST STAT.:VENT January 31. 2033 Tit Tetra, b aty. II is ra Yarded as am doeuxerc stilatte add be reLiali brut Men% Sol Ado Ia- swan af:nnince 027 0101103.1110 001 00 00 EFTA01320875

Cando r1.cwM ITS OwsiD INOW‘011 is fuses Station Cc. Ore iterouch Ceti /WM bade" Wm Tat 11201.3169 12121 232.1000 FINANCIAL TRUST CO INC 2 ce it rn 8 I..) IJ IN so 0 z ii C in z r 6890SEOCIA19- ANGS STATEMENT BACKER IS PRINTED ON THIS PAGE 031 0141/03:13:10 OM VS41 EFTA01320876

CalARSD leeteeel lit enemy °weal Ste!CARY to I8 b.) b.) IJ 00 BEAR STEARNS OFFICE SERWING YOuR ACCOUNT Bear. Steams & Co. Inc. 383 Madison Avenue Now York. Now York 10179 1212) 272-2000 Cash Flow Analysis U45 PO N* Income Summary nEmbx, CAA 10001 Opening Balance Securities Sold DMdendsAnterest Miscellaneous $516.74 35,413,423.41 1.065.782.92 169.239.08 Gent. Agency Ira. Cap. Bond Int. Credit Balance Int. Rovers* Repurchase M. 929.766.24 135.888.88 127.80 2,187.59 1.884.743.89 135,888.88 127.80 1514.24 0 Amount Credited 236.648.445.41 Total Bond Purchase Int. 21,067,970.51 -8,333.33 $2,024,274.81 -30.981.48 -n Secuities Bourpt 0Mdendsarcerew Charged 46.253.953.00 -8.333.33 C Miscellanean -900.00 Portfolio Composition rn Amount Debited 2-36.263,186.33 Cash'Cash Equivalent Feed Income 385.776 23.198.123 Net Cash ActMty 385259.08 Total 223.583.899 Closinflalance $385,775.82 r 0690SEOCIN9- ANGS Sew Slew. Sextets Oss. Ore keeelech Caw Ian &wife,. tee vet 11201.3659 illia272.1eon FINANCiAl. TRUST CO INC STATINEerf PESOS reteuary 1.2033 THIROutei Fetnan 28. 2CO3 ACCOura mance T•33,AYIR Nuttere LAST STATrue.47 Tanury 31. 2003 Your Portfolio Allocation Cash Balance Summary WINK CLOSNG CaSh a Equrrelent 1% maren 51574 385,775.82 Net CaShBalanCe $516.74 $385,775.82 1 1 1 1 L fcred recent 1:Q7 OW 03.13 10 001 99% 3<do-a Carole Ce3, Warts rob. C341 'twain N..a TM wears, ponytaila &as, •vn w. Walt NSN vat.... <4 you, pontle Ufa, EFTA01320877

En I8 b.) IJ 00 0 -n C in r T690SEOCIN9- ANGS BEAR STEARNS OFFICE SERVED/6 YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Keiser, /MOM New York. New York 10179 (212) 272-2000 4m1! Your Portfolio Holdings CASH & CASH EQUIVALENTS DISCRPTON CASH BALANCE TOTAL CASH &CASH EQUIVALENTS 5385.776 STWOUCUSO ;AMOR Esra.mo GLOOM COOTIM MCE YNYE MoUAL loCONE TOM 00 385.776 FIXED INCOME Government & Agency Obligations DESOWTO1 SmOCUCUSP hal ME or MCC WARCE1 MUE AOMUED MEREST WOWED Mat RICCI& CUOMO MOM FEDERAL HOME LOAN MEG CORP 313931AF3 MRGN 54.022.147 9.3962 5.076.007 118218 3271742 64.4944 SERIES 2530 CLASS SE DATED DATE 10/11/02 BOOK ENTRY ONLY DUE 02/15/2032 6.060% FACTOR . .90036920 FEDERAL HOME LOAN MTG CORP 31393FG86 MRGN 28172.960 8.5799 1.988.216 47.364 1.311.590 65.9682 SERIES 2526 CUSS Si DATED DATE 10/01/02 BOOK ENTRY ONLY DUE 02e15/2032 5.660% FACTO* . .90036920 FEDERAL HOME LOAN MEG CORP 31392R9U0 MRGN 59,391.262 2.8431 1.688.559 21.448 593.913 35.1728 SERFS 2471 CLASS VT DATED DATE 06/07/02 BOOR ENTRY ONLY DUE 03/15/2032 1.000% FACTOR - .84844660 FEDERAL HOME LOAN MTGCORP 313927652 MRGN 49.269.652 6.5352 4.205.264 103.700 2.788.882 66.3136 SERIES 2483 CL SL DATED DATE 07/02/02 BMW ENTRY ONLY DUE 0115/2032 5.660% FACTOR . .85411650 061 03411/03:13:10 CLEMED THeOuan WHOLLY OHM° SLONOWTY Om. Sion Maims Cap. D. IMMO, Oorm NOUN Eno.M. New Om 11201.3$ 1216 2721000 FINANCIAL TRUST CO INC STAMM., 0.0ra> Tetniery 1.2003 TMOVOH Fettuery 28.2003 ACCOUM PARMA TAXPMEA Witelt On Fie LAST STATMENT !emery 31. 2003 EFTA01320878

0 m cim H r Z6905£00-O1D-ANGS BOAR STURNS arc( SERVICING YOUR ACCOUNT Bear. Stearns & Co Inc. 383 Medson Avenue New York. New York 10179 (212) 272-2000 5 Your Portfolio Holdings (continued) CLEARED THROUGH ITS Y.YOLLY OM AR° SUSVOUJer Bea Sawa Saunas Ca. One Ileetath Cana Noe, IreaRn. Tara Tort 112014859 2121113.1000 FINANCIAL TRUST CO INC ssAssaasa DECD Setruary 1.2003 THROMN Fetruery 292003 ACCOUNT MISER TAXPAYER maael On Fie LAST STATIMOTT January 31. 2003 Government & Agency Obligations (CCettillU0d) DESCRIPTION SHASOL/0.610 Pen rot MAIM PRICE MARKET YALU( ACCRIXO triuATID Me J& WOVE ClaIRENT MILD N FEDERAL NATIONAL MG ASS SERIES 2003-16 CLASS IS INTEREST FROM DATE 02/75/03 DATED DATE 01/76.03 FMST COUPON 03,292003 SOCK ENTRY ONLY OuE 02/25/2033 TOSCO% FACTOR .1,00000000 Total Dovornmont& Agency Obligations 3139LIPR4 MRGN 7,397,500 98.5347 7.289.104 520.247,150 6.164 5293,894 739.750 58 707.657 10.1487 Corporate Bonds MURMUR SaABOLCuSto aCt1 TPF °warm, mmat VALUE ACCILED liatRES1 ISTWAND AMMAR ITTCCAR CAVACO TTi TO Ina FANNIE MAE CMOGERIES 2002-82 5140 FUR DATED DATE 10/02/02 BOOR ENTRY ONLY DUE 10/25/2031 6.713% FACTOR - .95662633 Total Corporate8onds 31392F573 MRGN 23.965.658 12.3133 2.950.973 52.950.973 13,407 $13.407 1.608,815 SI 608 815 54.5181 TOTAL FIXEDINCOME 523.198,123 $307,301 $10,316,472 YOUR TOTAL ACCRUEDINTEREST 5307.301 YOUR TOTAL ESTIMATED ANNUAL INCOME 510316.472 YOUR DRICEDPORTFOU0wOLDINGS 523 583 899 0101003:1110 Cfa veal EFTA01320879

0 -n C in r £6905£00- IN9- ANGS I8 IJ IJ so 00 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Beet. Stearns & Co. Inc. 383 A1ackson Avenue New York. New York 10179 (212) 272-2000 6 ell Repurchase and Reverse Repurchase Transactions with Bear, Steamsa nd CO. I nc. outstanding as of date of statement PURCHISU REPURCHASE ma% PURCHASE MCl/ ACCRUED MAO COMMIT MARI CATE DAR PATE PRINCIPAL POIREST. (FACE AIRYJNO CUSP CESCRIPI1ON =IAD THROHGH EIS vmOLLY OWNED SuSSOWBY !kw Sinn Seca" Can On Wawa Geier Nan Ereolnn, N w An 20 3839 018 2/2.1000 FINANCIAL TRUST CO INC STAMMER MEDD ENTUary 1.2003 85nr.8 rettuair 28.2803 ACODINT HUMBER TAXPAYER M.I.ARR On Ede LAST STATEMENT Ina) 31.2003 YOU SOLD FEDERAL HOME LOAN MTG CORP (REPO) 02/28/03 05/07/03 1.580 -3,680.000 -484 -50.000.000 313927/32 SERIES 2488 CLASS 50 6.660003115/32 TOTAL REVERSE REPURCHASE TRANSACTIONS SO SO TOTAL REPURCHASE TRANSACTIONS 5-3.680.000 5-484 e0 Yawner/ Ore Transaction Detail INVESTMENT ACTIVITY SETTIDAUR TRADE 011E OAR 11LVESACTKM DESCRIPTOR 02/13/03 01/08/03 BOUGHT FNMA-30YRIFNMAIGTD SETT.02/03 DUE 02001/2033 05.50D% 0987797115332 REF IF 2003010854140000 8S 02/13/03 02/04103 CANCEL SELL FNMA-30YR(FNMMGM SETT.02,03 DUE 02101/2033 05,500% 0987280211332 REF Y 2003020446440:00 BS AS OF 02/04/03 TO On. PREVIOUS SELL SINDOL/COMP COMMTI ACE COW *NOWT ClIdDlf MOST 51495744 10.000,000 101.43750 10,143,750.00 5/095744 10,000,000 101.76953 10,776,953.00 CCEI OVOIMISID10 001 EFTA01320880

IT, 4 8 IJ IJ 00 00 0 -n C in r V6905£00- O19- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Boar. Steams 6 Co. Irc. 383 Meier) Aenuo New Yea. New Yak 10179 (212) 272-2000 o Transaction Detail (continued) INVESTMENT ACTIVITY (cominued) SETIMENT MADE OAK Dell TRMISACTne DESCWPTCN GUAM THROUGH ITS .,w,..owe° suaspvx. Drs. Slav% Swages Cap. 5e ihraUch Owen Merin innellne Pen eat 11831.3859 22123 2701000 FINANCIAL TRUST CO INC SUMS Pa= 202t1.11 1.2003 THROUOM February 28.2003 AeCCVNe Nvb/SER TAXPAYER IILMSER en File UST STATIUDIT Arum 31.2003 Sitak4.080 OuNwo Kea Dr., MOM anon igICOP0 02!13103 01/08103 CANCEL BuY F NIVA.30YR(F N MA) GED 51195744 -10.000000 101.43750 0,143. 50.00 SETT.02/03 DUE 02/01/2033 05.500% 0987797115332 REFS 2003010854140000 BS AS OF 01/08,03 10 CXL PREVOUS BUY 02/13/03 02/04/03 SOLD FNMA-30YR(FNMA)GTD 5/65744 40.000000 101.76953 10,176,953.00 SER.02/03 DUE 02/01,2033 05.500% 0987280211332 REF • 2003020446440000 85 02/18/03 PRINOPAL FEDERAL HOME WAN MTG CORP 31392M:410 -1.931,000 SERIES 2471 CLASS YT 1.000 DUE 03/15/32 PRNCVAL REDUCIN 02-15-03 02/18/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 3139296110 398 SERIES 2471 CLASS YT 1.000 DUE 03/15/32 PR1NCPAL REDUCTH 02.15-03 02/18/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392T6E2 4.602000 SERIES 2483 CL St. 5.660 DUE 03/15/32 PRINCPAL REDUCTN 02.15-03 02/18/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31392T6E2 -245 SERFS 2483 CL SL 5.660 DUE 03/15/32 PRINCIPAL REDUCER 02-15-03 PRINCIPAL FEDERAL HOME LOAN MEG ooRP 313927/32 4388,000 SERIFS 2488 CLASS SO 6.660 DUE 03/15132 PRINCIPAL RENOIR 02-15-03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 313927/32 -790 SERFS 2488 CLASS SO 8.680 CUE 03711132 PRINCIPAL REOUCTN 02-1S-03 02/18.03 02/1843 027 0110i/03:18-10 COI Wel EFTA01320881

CLENtan ilea-r-34 v...0LLY ant SuSSOWW 0 0 m C in r 56905£00- O19- ANGS I8 IJ V.) 00 00 --3 BEAR STEARNS OFFCE SERVICING ICOR ACCOLITH Sew, Steam & Co. Inc. 383 Madsen Avenue New Yak, New Yak 10179 (212) 272-2000 8 all Sac Sian Saute Cap. One IMesant owes Naem 0100.3 New Tat 11201.11110 012)212.1003 FINANCIAL TRUST CO INC STATP400 PERO° FettUary 1.2003 TM.1O.13fl Fottualy 28. 2003 Transaction Detail (Continued) INVESTMENT ACTIVITY (03minued) untimen num out art MOKS.CTO1 CESCSIIMON 511430LCUSP 103ANUrf PIR ACCOUNT WAWA TAxPAYO1 KAMA LAST STA1TIAOfr CEBU MOM! January 31. 2003 CI000 P./.03010 02/18103 PRINCIPAL FEDERAL NOME LOAN MTG CORP 31393FAF3 -1,991,0Co SERFS 2530 CUSS SE 8.030 DUE 02/15/32 PRINCPAL REDUCIN 02-15-03 02/18/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393FAF3 -819 SERFS 2530 CUSS SE 6.030 DUE02,15/33 PRINC/PAL KOLLIN 02.15-03 02/18/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393FG86 .854,394 SERIES 2526 CUSS SI 5.680 DUE 02/15/32 PRINCPN. REDUCTN 02-1543 02/25/03 PRINCIPAL FANNE MAE Cm0/SERig 2002.82 31392F573 -381,733 S1640 FLTR 6.697 DUE 10/25/31 PRINCPAL REDUCTI1 02-25-03 oravo3 enioazoi &sally FEDERAL NATIONAL MTG ASS 31392SR4 10.000.000 66.312f0 8,631,250.00 eSINFS 2003-16 CLASS JS WE 02/25/2033 10.030% ACCR. M. 8,333.33 0987027414332 REF il, 2003020348050000 83 AS OF 02/03/03 02/28/03 02/27/03 SOW FEDERAL NATIONAL MTG ASS 31392PR4 -1.177,500 98.31250 1,134,079.69 SERIES 2003.16 CUSS 15 co( 02/25/2033 10.00004 ACCR. M. 881.25 0987003019332 REF * 2003022746330000 BS 02/28/03 02/27/03 SOLD FEDERAL NATIONAL /ITC ASS 31392JPR4 -1,425.000 96.31250 1.372.453.13 SERIES 2003-16 CUSS 15 DUE 02/25/2033 10.000% ACCR. M. 1,187.50 0987016110332 REF 0 2003022748320000 BS TOTAL 5.29,960.286.33 522,829,404.57 027 01101403:1110 C01 v141 EFTA01320882

OFFICE SFIevrANG YOUR ACCOUNT Bear. Stearns & Co. Inc. BEAR 383 MaGaon Avenue New York. New York 10179 STEARNS (212) 272-2000 CLEARED 119'000.1 wHOLLY OATAD SuelettAnv Boar. Soon Swain Ole hkatokh Wm Areal" low van 1120/4869 (2121272-100D FINANCIAL TRUST rra Carp. Noe CO INC rebury 1.2003 FOtruary 78.2003 On Fie January 31. 2003 Transaction Detail (continued) INTEREST STATEMENT PFA00 TROIS ACCOURT PAPAW Lunn WISER use snanerwr out ces444-05 SVPASDIJOUSIP MURRY an OR a, MOM MOE ANEW 02)0303 AVG 8.41. 257.7070 0.558 127.80 021 OFFICE INTEREST 0103 02/18/03 FEDERAL HOME LOAN MTG CORP 31392R6U0 1.0000 51.102.22 0 ilISAS Yr WENTS an )-03 02/18/03 FEDERAL HOME LOAN MTG CORP 3139276E2 5.6600 238.673.98 -n INEDM NT 01-15453 02/18/03 FEDERAL HOME LOAN M7G CORP 31392T332 6.6600 243,622.75 C rn 02/18)03 FEDERAL HOME LOAN MTG CORP 313930(3 ifaMiliCkg03 6.0300 281.470.21 02/18/03 FEDERAL HOME LOAN MTG CORP 31393FG86 5.6600 112.728.33 %IC i l 0 l 6T.0 .1_3 r 02/25/03 FANNIE MAE CMCPSERIES 2002-82 31392F573 R10%16 M9103 6.6970 135.888.88 TOTAL 31.063.614.17 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stea ma Co. Inc. r 71 IJ IJ 00 so 00 9690SEOCIA19- ANGS SETIOAD0 18.10E DATE OAT( TRANSAC113.1 DESCAPTICti 02/20/03 JOURNAL ADP OD 8888888 rrna-PR F2393157014 8.625 DUE 12/31/49 2074420692 wetter DM AMU 2.602003.00 GAM AWAINI 027 030103:1110 CO VS41 EFTA01320883

m I8 1,4 1,3 lN 00 0 -n m r L6905£00- O19- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams 6 Co. kle. 383 Madison Avenue New York. Now York 10179 (212) 272.2000 10 m^ Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (conunued) CLEARED '01000Ck. 03 NYQLY 01040 SUBSiCtAire Sc. Stan Soaran 000. 01t PheinteCn en Math 4103tbil. Yt. Yet 11201.3859 (212)2, 24cm FINANCIAL TRUST CO INC STATCUDIT amp? February 1.2003 11.01C0GH Fed-57 28.2003 ACCOu00 MANIM TAAAVVI WISP On Fie LAST trtaTeueit January 31. 2003 lintOADO MUM Oat Dart raurarraCer omen* S0.000CLS, Warm? Cain /MOM CREDIT MOW 02/20t3 JOURNAL m 8888888 2.602.000.00 ar W393157016 8.625 DUE 12/31/49 2074420692 02/2003 JOURNAL 8888888 2.602.000.00 FIT)A9t 95)39315701W 8.625 WE 1241149 2074420692 02/20103 JOURNAL 8888888 3.700.000.00 FiTM-Ag s $ 12)39315701e 8.625 DUE 12)31/49 2074420602 02/20/03 INTEREST ADP D 8888888 1,418.81 CUE 12/3 /2049 8.625 RIM-PR F239315701W 2074420692 02/28(03 fl 'AL SERWI rgi aremmC". 313927/32 -4Z705.82.6 3.680.000.00 6.660 DUE 03/15/32 FRY F0593333 Al RP OPEN RP0593333A RP OPEN RP0593333A 02/28/03 JOURNAL 6888888 3.700.000.00 MX 157014 93 8.625 DUE 12/31/49 2074420692 02/28/03 INTEREST 8888868 788.78 DUEle3V2049 8,625 FITM-PR F2393157018 2074420692 TOTAL 5.6.302.000.00 512886.187.59 02? C*0103:13 10 0)1 %41 EFTA01320884

BEAR STEARNS OFFICE SERVCAIG YOUR ACCOUNT Sew, Steams & Co. Inc. 383 Iteseason Avenue New York. New York 10179 1212) 272-2000 11 •I Transaction Detail (continued) MISCELLANEOUS DAN 10000 tRAPISACOON CCSCRIK04 caw MAWR Of DU AVOW 02/13/03 JOURNAL JAN 03 tt EAR1NG FEES 900.00 02/13/03 JOURNAL FNMA-30YRIFNIAA)GTE) 33,203.13 SETT.02/03 5.503 WE 02/0103 143S NET 02/13103 02/19103 JOURNAL FEDERAL HOME LOAN MEG CORP 21,900.95 SERIES 2471 CLASS YT -n 1.000 DIE 03/15/32 PM TRANSFER 02/21103 JOURNAL FITG TO FITM 114,135.00 C in z TOTAL 5.900.00 5169.239.08 Trades Executed Pending Settlement r 8690SEOCIN9- ANGS 8 b.) IJ SE11113100 IMO( 0.411 DAM TRANSACIIC1a DESC0111:111 04/14/03 01127103 BOUGHT SvaraltuCuS• 0./.01C0 13130M 1 rrs IN140.LY 00/410 3V0SICURY —. Anne Sean*. Coy. Oro Mumma Unfit Nan Bro3thn. IA 11:4 112014319 12123 2701000 FINANCIAL TRUST CO INC ITATOMENT PEA300 litruery 1.2003 THRC433H Fetruvry 28.2003 M201.110 Matiat Ton" N.AW UST stamen lanUary 31. 2003 013.0010 MCE 0E011/14100 1311010 MONT FIOAA-30YR(FNMA) GTO 51496251 10,000,000.00 100.6093 10,060,937.50 SETT.0003 CUE 04/131/2033 05.500% 0967797115332 REF • 2003012746430030 EIS 04114103 02/04/03 BOUGHT FNIAA-30YR(FNMA)GTO SN(16251 10.000.000.00 100.9375 10.093.750.00 SETI.04/03 DUE 04101/2033 05.500% 0987280211332 REF a 2003020448390000 OS TOTAL 520.154,6137 , 50.00 The Om inks *rot motor nay ay. Haan «n 01110.11el. 027 030003:11•10 001 8 EFTA01320885

I 6ECZZOOV1.43 0 z ii m z r _ 66905£00 IND ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Steams & Co. Inc. 3B3 Mason Menu. New Yak. New York 10179 (212) 272-2000 CLEM= roacwat WHOLLY 0Mti2 SuBSIDARY Beir.SImmi Semites Ca,. Ore lhotellich en Now Bievlopt Now Vat 11201.3$1.9 1212) 2/24030 FINANCIAL TRUST CO INC ACCOUNT EXECUINE GNMA GOVT BONO 474nsuar Ftiv240 January 1,2003 NSIT CUR %EMIT( wAvtbetosteams.corn 11PIOJOH January 31, 2003 What's In This Statement IIIrIIIrIIII.IIII III ACCILINT WNW T AY WADER On Ile Financial Summary 3 FINANCIAL TRUST CO INC UST STATDMIT Decent& 31.2002 You' Portfolio Holdings 4 GO JEFFREY EPSTEIN Transaction Detail 6 6100 RED HOOK QUARTER STE 83 Trades Not Yet Settled 11 ST THOMAS VI 00802 Your Portfolio at a Glance TOTAL VALUE CV SECURMES MIS PERMO 22.463.638 LONG ACCRUED MTERESI 521.898 Cast. L Eat/Jahn: .1 Ned Market Value of Your Portfolio 114.520 522 463.638 NET CREDIT ammo 517 Inctent 113,715,716 EN Current motet yoke NET NUM MS PERIOD 122,986.053 EN Last staternenrs market wipe NET ECIURY LIST STATEMENT 14,249,549 CHANGE SINCE LAST STATEMENT 8.736,503 There are no -Stop Loss' orders or other pending buy or sell open orders on Ale for your account. ma tunrily w nr reeworicaritormars Orty. t M nu ex inn tints loznet. Inv tortoni 1634.14 he Inane M tau. recent Set rime.< tie tr Ircolast oftetvalca 027 02,01,03 IS 12 CO, 'tao EFTA01320886

C&E*flO TtOn MS vOiOus OVOOD SUSSIDOse Ow. Suns Cowan Cap. Oro Meal. Coos Nfl WS Nor Yak 1120I.SGS9 ZTOICOO FINANCIAL TRUST CO INC z m cim z H r OOLOSE00- 019- ANGS 8 10 IJ IJ STATEMENT BACKER IS PRINTED ON THIS PAGE OW1/03:11a2 COI CPO EFTA01320887

BEAR STURNS WEE SaviCNG YOUR ACCOUNT Bear. Stearns .6 Co. Inc. 383 liaison Avenue New York. New Tot 10179 (212) 272-2000 320•.t Cash Flow Analysis MIS PU000 Income Summary ng OCINGO YEAR TO DATE Opening Ba lance 624.520.47 GEM. Agency Int. 954.977.65 954.977.65 Reverse Repurchase Int. 1.326.65 1.326.65 Securities Sold 25.988.373.53 DkiiendsInterest 954.977.65 Total 5956 304.30 5958 304.30 Miscellaneous 14.376.739.01 Bond Ptrthaso -22,648.15 -22,648.15 Amount Credited 541.320.090,19 m Securities BOLI9N Funds Ynthdrawn -26.965.207.77 466.738.00 Portfolio Composition CasCash Lou:milers 517 C rn OrndendsAnterest Charged Miscellaneous -22.648.15 -14.989.500.00 Fixed hcome Total 22.463.638 522.464.155 Amount Debited 5.41.344.093.92 Not Cash Acthily -24.003.73 Closing8elance $516.74 r TOLOSE00- 019- ANGS Cash Balance Summary coons Mug rt 0.03ING 24.520.47 516.74 Net Cash Balance 524.520.47 5516.74 CLEARED THROWN as VATCELY OmmED SuSSOmaT lest. SUNS SENN** en On limmittli Omar from PEES New Vat 112013/50 I212) 272.1000 FINANCIAL TRUST CO INC raw PE winuely 1.2003 THROWN hammy 31. 2003 AODOUNT NEWS TAY/MM M.W On File LAST STATEMENT OCCentar 31.2002 Your Portfolio Allocation Fled Income— loos U,••••0•J Mire d•rat• era' We °. rot( NO,. nw .11.4 plearraga • Cirvilf Inn PPI aet44 Mite: .Sa a /QV toNalo 027 020101 lin 001 V6'0 EFTA01320888

0 -n C in r ZOLOSE00- 019- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 383 MadNevi Avenue New Ycck New 02/14 10179 (212) 272-2000 4 a •t Your Portfolio Holdings CASH 8 CASH EQUIVALENTS IMNEI ESTMOID CUARIMI OESCRPMP 511Ma.C1-31/ OtINMIT MCE YAW( Mita MOLE MD 00 CASH BALANCE 517 TOTAL CASH & CASH EQUIVALENTS 5517 FIXED INCOME Government & Agency Obligations DESOSIION snrecocuse ACCT MF OUNITIM MCa lOARICET YAWL ACCRUED IWITREST I311.4010) AIMILLOLOCOAC CURRENT Yato (1 FEDERAL NOME LOAN &ITC CORP 31393013 MRGN 56.013.966 10.0663 5.638,552 150,120 3.377.642 59.9026 SERIES 2530 CLASS SE DATED DATE 10/11/02 BOOK ENTRY ONLY DUE 021192032 6.030% FACTOR • .93356610 FEDERAL HOME LOAN IATG CORP 313931086 MRGN 24,027.354 9.1396 2.196.011 60,122 1,352,740 61.5999 SERIES 2526 CUSS SI DATED DATE 1001/02 BOOK ENTRY ONLY DUE 02/15/2032 5.630% FACTOR - .93356610 FEDERAL HOME LOAN MTG CORP 31392R6U0 MRGN 61.322.660 2.7360 1,677,757 27.251 613.227 36.5504 SERIES 2471 CLASS VT DATED DATE 06.07/02 BOOK ENTRY ONLY DUE 03/15/2032 1.000% FACTOR • .87603800 FEDERAL HOME LOAN MTG COPP 313927/32 MRGN 44.094.615 11.6523 5.138016 129.935 2.923,473 58.8989 SERIES 2488 CLASS SO DATED DATE 07/08/02 BOOK ENTRY ONLY D£ 03/152032 6.830% FACTOR - .88189230 021 0241,03:1$12 CO1 Yaq CUOMO THROUGH ITS WHOLLY OvetED SueSOME Mr. Pan Samin Cap. One Marotta — Math Mart Am Yin 11201.3069 (2123212.1 FINANCIAL TRUST CO INC STATEI/EAT Pomo Tansy 1, 2003 TAAMM Tansy 31.2003 ACCOUTT YUMA TAXPAYER PAMPA CM Flle LAM STATTIMET [Weals 31.2002 EFTA01320889

0 TZ E I C in r EOLOSE00-019-ANGS I8 IJ IJ BEAR STBIRNS OFFICE SERVICING YOUR ACCOuNT Beer. Steams & Co. Inc. 383 Madison Avenue Now York. New York 10179 (212) 272-2000 5. ✓11 CLEAJtE0 Thre/i.c. rrs rmOu. Oxon Sues/WRY Bear. Sinn Smite Co. One Ihnorech Cain Win Buda" Pew Itrt 11201.3SSO 1212) 272.1000 FINANCULL TRUST CO INC STAITAert new Jimmy 1.2003 IMSOUON January 31.2003 Your Portfolio Holdings (continued) Government 8 Agency Obligations (COrtSTA4) AOCOuler MAW rywAYEffil MAW Mom LAST STAMifia Clemyter 31.2002 ACC ACCRUED ESISAUE0 CURRENT CtSCRIPI13,4 SIMICVCI.S10 Int (LIXISTV ERCE WR%L1 VALUE 00£SIESI SAM Stasi. YEW et/ FEDERAL HOME LOAN MTG CORP 3139216E2 IARGN 50.871.897 9.1370 4,648.141 127,293 2.884.088 61.6179 SERIES 2483 CL SL DATED DATE 07/D2/02 BOCK ENTRY ONLY DUE 03/152032 5.630% FACTOR - 98189230 Total Government& Agency Obligations 619.298.477 $494.721 611,131.170 Corporate Bonds ACCT AIMED COMM OW DESCItelION SIIMOL/CUSIP NOE OlVilere PRICE WARM Vat WOW MOM INC0M VOA (%I FANARE MAE CMOGERIES 200242 31392F573 MRGN 24.347,391 13.0000 3,165,161 27,177 1.630.545 51.5154 5K-SO FUR DATED DATE 1092/02 BOOK ENTRY ONLY DUE 10!252031 6.697% FACTOR - .97389566 Total Cceporate0onds $3,165,161 627.177 61.630.545 TOTAL FIXED INCOME 622.463.638 5521,898 612.761.715 YOUR TOTAL ACCRUED INTEREST $521,898 YOUR TOTAL ESTIMATED ANNUAL INCOME $12.761.715 YOUR PRiCEOPORTFOLIOHOLOINGS 522.464.155 02/ 02.01103:161 EFTA01320890

-n C rn r VOLOSEOCIN9- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 5 Co. Inc. 383 Madison Arenue New Yea. New York 10179 (212) 272-2000 v./ Transaction Detail INVESTMENT ACTIVITY SITTUTRINT TRAM OAR OAR IPANSACO011 0114103 12/04/02 BOUGHT 01114/03 01/08103 CANCEL SEU 01114k3 12/0482 &NUL BUY 01/14/03 01108/03 SOLO 01/16/03 PRINCIPAL 01/16/03 PRINCIPAL 01/15/03 PRINCIPAL CLEA10 04.24.0.1 Mat 06041) SUSSENARY Bow. Stuns Sworn Cap. Metersch Cwt. Nall, STCONOrk Wm TVA 11201.3855 12121272.1C00 FINANCIAL TRUST CO INC CESCEPTIN SVPASOLO.WP Gummy Ma STATEMENT PECK° TTIROUOM ACCOLNT AMA TATWA M YER NUMBER vet STATEMENT OEM MOUNT FNMA.30yR(EN/AA) GTO 5N95387 10.000.000 100.09375 10.009.375.00 SE17.01/03 DUE 01/002033 05.500% 0987135514332 REF • 2002120445060003 BS FN .30YR(FMAA)6TO 51195367 10.000.000 101.88672 10.188.671.88 SETT.01 /03 DUE 01/01/2033 05.500% 0987797115332 REF • 2003010854180000 BS AS OF 01/06103 TO CXL PREVIOUS SELL FNMA-30YRENME3GTD 5N95367 -10.000.000 100.09375 SETT.01/03 CUE 01/01/2033 05.500% 0987135514332 REF e 2002120146060000 B$ AS OF 12/04/02 TO CAL PREVIOUS BUY FNMA-30YRIFNMATGID 5N95367 -10.003.020 101.88672 SETT.01/03 DUE 01/01/2033 05.600% 0987797115332 REF • 2003010654180000 B$ FEDERAL HOME LOAN MTG CORP 31392R6U0 -2.344.000 SERFS 2471 CUSS NT LOCO DUE 03/15132 PRINCIPAL REDUCIN 01.15-03 FEDERAL HOME LOAN MTG CORP 31392R6U0 -468 SIRES 2411 CLASS YT 1.000 CUE 03/16/32 PRINCIPAL REDEEM 01.16-03 FEDERAL HOME LOAN MTG CORP 313927242 -1,944.000 SERES 2483 U. SL 5.500 DUE 03/15/32 PRINCIPAL RECUCTN 01-15-03 lamely 1, 2003 Janary 31.2003 t i t December 31.2002 CREDIT AWAIT 10.009.375.00 10,1 .671.88 027 tin/OBTS:ie COI 244o EFTA01320891

Tn I8 IJ 1,2 --A C)0 -n C rn r SOLOSE00- 019- ANGS BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams .5 Co. Inc. 383 Madison Avenue New Yak. New York 10179 (212) 272-2000 7 0 n Transaction Detail (continued) INVESTMENT ACTIVITY (ccetruedi CLEARED 1101OuGm ITS whOLLY OWNED SULLOWIY lbw. Slums Swots Cup. MeintecA CrEtt 804000 Am Yon 112010859 012)2724CW FINANCIAL TRUST CO INC StAnlin011 Pm= tan.oni 1.2003 170100014 Array 31. 2003 ACCOUNT 14.114001 TAVAYER MANNA On Fit EAST STATIIAENT December 31. 2002 amnion MOE DATE DATE MAIISA0411 CASCAPTC41 P1401./0012 Oaantry ME DM MOWN, CR021 AMOUR 011 5/03 PREICIPAL FEDERAL NOME LOAN MTG CORP 31392T6E2 -917 SERIES 2483 Cl St 5.580 DUE 03/15/32 PRINCPµ REDUCTN 01-15-03 01/15/03 PRINCIPµ FEDERµ HOME LOAN MEG CORP 313927/32 -1,68S.000 SERFS 2488 CUSS SO 6.580 DUE 03/15/32 PRNCPµ REDUCTN 01-15-03 01/15.03 PRINCIPµ FEDERAL HOME LOAN MTG CORP 313927/32 -810 SERFS 2488 CLASS SO 6.580 DUE 03/15/32 PRNCPµ REDUCTN 01.15-03 01/15/03 PRINCIPµ FEDERµ NOME LOAN MI6COPP 3139 1113 -2.068,000 SERIES 2530 CLASS SE 5.980 DUE 02/15/32 PRINCPµ REDUCTN 01-15-03 01/15/03 PRINaPµ FEDERµ HOME LOAN MTttt4S 31393F/153 -44 SERIES 2530 CLASS SE 5.960 DUE 02/15/32 PRNCPµ REDUCTN 01.15.03 01/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 31393F666 -887.093 SERIES 2526 CLASS SI 5.580 DUE 02/15/32 PRNCIPµ REDUCTN 01.15-03 01/30/03 01/27/03 BOUGHT FANNIE WS CMAYSERIES 2CO2-82 31392F573 24,347.391 13.00000 3,165,160.89 59-9.7 FLTR ACCR. M. 22,648.15 WE 10252031 06.697% 0987022118332 REF • 2003012746020000 85 AS OF 01/27/03 TOTAL 5-23.385.855.92 520.198.046.88 027 02:0103.1512 001 EFTA01320892

-n C rn r 90LOSEOCIN9- ANGS IS b.) 00 00 IJ BEAR STEARNS OFFICE SERVICSC YOUR ACCOUNT Bete. Stearns & Co. Inc. 383 Matson Avenue New York. New York 10179 (212) 272-2000 B re n Transaction Detail (Continued) DEPOSITS AND WITHDRAWALS 000 TRAWC101 DESCR070h O( MIXER 01/02/03 END WIRED rstiaavasydRED TO 84.85400 AC2387601021 C#183139 01/02103 FND WIRED M 90 NATIONAL /0135328ENDSYARED BANK TO F CRUM MOM 002387604020 00183141 281.884.00 TOTAL S-366.738.00 INTEREST CIEMICD TH•COGH WroCcav 00.40 6101106M Bev Sun Sean*. Cop. One Manna Collo Not 003.00 Ra. Volt 112014$50 01212721000 F1NANCiAL TRUST CO INC STATEIMIT PERCO Newry 1.2003 Tia0t1004 31.2033 ACC -tot HAMER TAWAYER NUOMER On Fie LAST STA7VACcr Decernke. 31.2002 a M CtSCR•1176. snowman. WC 04 Can mama MO masa 01/15/03 FEDERAL HOME LOAN MTG CORP 31392RE410 1.0000 58055.94 Oncyr.S$ YT OW 4WAMANT 014 803 60X 01/15/03 FEDERAL HOME LOAN MTG COPP 31392TBE2 5.5800 245.598.18 I NtETSiT osin'43 01/1SASS tE0ERAL HOME LOAN MTG CO lakY132 6.5865 251.029.33 WA% 01/15/03 FEDERAL HOME LOAN MTG CORP 31393FAF3 5.9800 289.442.02 I NCITAT03 01/15/03 FEDERAL HOME LOAN MTG CORP 31393FG88 5.5800 118852.18 4' 4' W ok -W-03 TOTAL 5954.977.65 027 0201031511 001 v640 EFTA01320893

=ARCO THRCOOPI WICLLY (,Nate SIAISIOCARY -n C rn r LOLOSE00-019-ANGS 8 IJ BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. New York 10179 (212) 272.2000 9 //,, Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASETRANSACTIONS with Bear,Steams& Co.Inc. St-TRACY? TRYTIC an an OtAxSACIION 000641106 StIMOUCUSP MYRA Cal /ACM CRUM MOST 01/30/03 01/30103 01/30633 JOURNAL JOURNAL INTEREST la ii )3931570P1 8.625 DUE 12031/49 2074420692 ra 5939315701U 8.625 DUE 12/31/49 2074420692 DUE ADP 1V31 /2049 8.625 OD F1DA-PIZ r239315701U 2074420692 8888888 8888888 8888888 2.602.000.00 5.789.003.00 1.326.65 TOTAL 5-2.602.000.00 55.790.326.65 MISCELLANEOUS But Sayan Socteen Cap. 14•IrRich UAW MAI °Toothy( RA Art 111114459 <2111 372.th0) FINANCIAL TRUST CO INC StA/114)/7 PER KO /nay 1.2003 mitax.o, worry 31. 2003 ACC T NUWIER TAXPAYER MAWR On 1/e us' STA711/EWT Decerter 31.2002 OAR MDCAY TRANSACTOR 01/02/03 RECENEO OESCRPIIN ADP CO OM 12/31/2049 8.625 8.625 DUE 12/31/49 FITIA.PR F2393157011 2074420692 ADP CO DUE 12/31(2049 8,625 8.625 DUE 12/31/49 FITI629 F2393157016 2074420692 ADP CO DUE 12/31/2049 8.625 8.625 DUE 1241149 FITIA.Pil F2393157018 2074420692 FITG FO EOM 0.16 AMOUNT otf co MOW 4.000.000.00 01/02/03 DELIVERED 01/02/03 DELIVERED 1,913.94 4.557.000.00 01106/03 Jduittim. 027 0201003:1612 aol 6440 EFTA01320894

0 -n C rn r SOLOSE00-019-ANGS I8 IJ IJ BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. New York 10179 (212) 272-2000 10 or Transaction Detail (continued) MISCELLANEOUS (continued) err VONT TRANSACT/011 OESCAWrO4 01114/03 JOURNAL FNmA3OTR(FNMA) GTO SC/01A3 5.500 OUE 01/01/33 MS NET 01/14/03 01/15/03 JOURNAL 01/16/03 JOURNAL MDR 1A101241 179.296.88 OEC 02CLEARING FEES 500.00 FEDERAL HOME LOAN MT6 CORP SERES 2471 MISS TT 1,000 DUE 03/15/32 Pm TRNFR PREM MO 1/16 600.000,00 22.738 26 01/17/03 JOURNAL 01717/03 JOURNAL PitEM INT NO 1/16 01721/03 RECEIVED 1,441.11 ADP CO DUE 12/31/2049 8.625 8.625 DUE 12/31/49 F239315701R 2074420692 ADP CD DUE 12/31/2049 8,826 8.625 DUE 12/31/49 FIIM-PR F2393157017 2074420692 ADP CO DUE 12/31/2049 8.625 8.623 DUE 12/31/49 FIDA.FR F2393157010 2074420692 ADP CD DUE 12/312049 8.625 8.625 DUE 12)31/49 FrIM.FR F2393157010 2074420692 ADP CO WE 12/31/2049 8.625 8.625 DUE 12/31/49 FTMA-FR F2393157015 2074420692 4.600.000.00 01/21/03 RECEIVED 5.789.000.00 01/21/03 DELIVERED 559.67 01/21/03 OELNERED 01121/03 DELIVERED 4.800.000.00 4.600.000.00 =ARCO TAMAN ITS WoOLLY CALICO auBSOMY Mw. Sterns Sou.lin Carp. Ors Sterotern Co., Math beady. Mar at 20 3119 12121 2121000 FINANOAL TRUST CO INC Sr...MANY AEA CO January 1.2003 THIVJOSI January 31. 2003 re-Cana MAWS TwAYS. rAANSEA On Sie LAST SUYDAM' MUMS& 31. 2002 027 0001030 1r12 091 V.40 EFTA01320895

lOPIZZOOVJA3 0 z ii C in z r _ 60LOS£00 INS ANGS BEAR STEARNS OFFICE SEAMCING YOUR ACCOUNT Bear. Stems & Co. Mc. 383 Madison Avenue New Rork. New Yak 10179 (212) 272.2000 11 an Transaction Detail (continued) MISCELLANEOUS (conW.ie DATE IANDAT rbscitie OCICAITIST. 01/22)03 JOURNAL TOTAL 0(80 Anna CISCO •ATOUT.1 FITG TO FIN 413.789.00 1-14.989.500.00 514.376.739.01 Trades Executed Pending Settlement SETTLISIDS TOM UTE 0ATT MAIRACTOT DESCRIPTON 02/13/03 01/08)03 BOUGHT swecucussr CLEWS 'MOUS.. in Vnitsv ONTS20 SUMMARY See. Senn Secant Cep On Motets Cann Man Oroins New nit 11201.1859 0121 272.1CCO FINANCIAL TRUST CO INC STATEMENT PU000 Jailers 1. 2003 TH*Oni Arum 31. 2003 known MAW Tan* KAMM M ilW i LAST rrATeuen Deanne 31.2002 OLIAMITY NOCE One Awcua =ST MOOS FNMA.30YR(FNMA) GTO 51195744 10,000,000.00 101.4375 10,113,750.00 SETT.02/03 DUE 0261/2033 05.500% 0987797115332 REF # 2003010854140000 85 FNMA.30YR(TNIANGTD 51196251 10.000.000.00 100.6093 10,060,937.50 SETT.04/03 DUE 0440112033 06.500% 0987797115332 REF # 2003012748430000 BS 04/14/03 01/27/03 BOUGHT TOTAL 320.204.687.50 30.00 The eben Wan Co Pot was Tr- Naar el Wa steno. End of Statemen 027 02/01/01151? 021 VS40 EFTA01320896