CLEARED THRWGH ITS CAMEO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 9 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 05/27/03 TRADE DATE TRANSACT/ON PRINCIPAL DESCRIPTION FANNIE MAE CMO/SERIES 2002-82 (. 40 RJR 730 ME 10/25/31 INCIPAL REDUCTN 05-25-03 05/27/03 PRINCIPAL FANNIE MAE CMOSERIES 2002-82 sK-VO RTR I.730 DUE 10/25/31 PRINCIPAL REDUCTN 05-25-03 05/30/03 04/29/03 BOUGHT FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW 05,680% BS AS OF 04/29/03 SYMBOL:CUSP CUM4MY -1,029,000 Beer. SZeirhs SOC,r44,1 C0,0 0-4 LIcuctech Contec NOM Beccicon. New re* 11201.3859 FINANCIAL TRUST CO INC STATEMENT PERIOD *11 26.2003 THROUGH May 30.2003 ACCCUNT NUMBER TAXPAYER MASER On PIM LAST STATEMENT WI 25.2003 ■ DEBIT AMOUNT CREDO' AMOUNT -270 24.306.759 11.06250 ACCR. INT. 2.688,935.21 19.175.34 TOTAL $-46.904,147.71 $48,338,700.19 INTEREST DATE DESCRPTKIN SIGABOUCUSIP oilman RATE PO DENT AMOUNT CREDIT AMOUNT 04/28/03 AVG BAL 219,997RT01. 021 OFFICE INTEREST 100.25 05/15/03 FEDERAL HOME LOAN MTG CORP 1.0000 22,267.38 BEIMRiANINDYSS Ii)00 INTEREST PAYMENT 05-15.03 05/15/03 FEDERAL HOME LOAN MTG CORP 1.0000 31,810.54 SERES 2471 CLASS YT 414 /pq.p3 7503 tl e 016 :6 05/15/03 FEDERAL HOME LOAN MTG CORP 5.6900 210217.22 SL EMMA 5.690 INTEREST PAYMENT 05-15-03 027 0,3I 03.1S:30 GUI Y84A EFTA00195718

CLEARED THROUGH ITS witCkLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 10 c? I!. Transaction Detail (continued) INTEREST (continued) DATE CESCRVTION 05/15/03 FEDERAL HOME LOAN MTG CORP SEBES 2488 CLASS 0 LI‘Ig.001 3 05/15/03 FEDERAL HOME LOAN MTG CORP BEIK1M NOSe SS 090 INTEREST PAYMENT -15.03 05/15/03 FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI WARAISIMIENT Regtoa 05/27/03 FANNIE MAE CMG/SERIES 2002-82 A-Ta Rcsa TR eENT two3 STMECtiCUSIP OVANTITY RATE 11 DEBIT AMOUNT Beer. SZeirns S0N, t4T1 Cory. Cc* Mevolech Contec NOM Beccidon. New VC* 11201.3859 FINANCIAL TRUST CO INC STATEMENT Auto) April 26.2003 THROUGH May 30.2003 ACCCUNT NUMBER TAXPAYER WESER On File LAST STATEMENT April 25.2003 CREDIT AMOUNT 214,234.68 247,363.95 5.6900 99.138.19 128482.02 TOTAL $953.614.23 REPURCHASE AND REVERSE REPURCHASETRANSACTIONS with Bear,Stearns& Co.Inc. SETTLEMENT TRADE DATE DATE TRANSACTION DESCRITrICH 05/13. JOURNAL Far la 31,49 05/13/03 05/13. JOURNAL ADP JOURNAL ADP FITM-PR SYI.I6WCUSIP CVNTITITY Cell AMOUNT CREDIT AMOUNT 1.950.000.00 1.950,000.00 1.950.000.00 02/ OS 3I 03.1S:30 00I V644 EFTA00195719

CLEARED THRWGH YrisekLY OtM.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SETTLELIEM DATE 05/13/03 05119/03 WADE DATE TRANSACRON DEStsiricii JOURNAL IR)4941 S625 8 625 011E 1/49 INTEREST ADP CD DUE 1213 05119/03 05/19/03 05231.1 JOURNAL rgWEllgrioNAL TRIPS SERIES 326 CLASS I NO 001 OUE /32 FITM RP RP OPEN JoutiNAL triZtthrtiXTIONAL Kin At..AN TRIPS SERIES 326 CLASS 1 PO 001 ITM RP RP OPEN J OP tintOrflatiAintiiMMAW 806.994 TRIPS SERIES 326 CLASS I PO .158.000.00 01 2 ITM RP TERM RP TERM INTEREST FEDERAL NATIONAL MTG ASSN 684.23 SYMECUCUSP DEBIT AMOUNT 9.290.000.00 Beer. SZeirns SON, t4,1 GOO. CcoMetsolech Contof North Becck/on. New To* 11201.3859 FINANCIAL TRUST CO INC STATEMENT Auto) April 26.2003 THROUGH May 30.2003 ACCCUNT NUMBER TAXPAYER NUMBER OR File LAST STATEMENT WI 25.2003 CREDO' AMOUNT 1256.67 -3.806.994 -B.806.994 .158,000.00 2.120.000.00 STRIPS SERIES 326 SS 1 PO DUE 07/fl .001 FITM RP TERM RP TERM JOURNAL ADP FITM-PR 9.290.000.00 027 0531,03:15:30 001 Y644 ■ EFTA00195720

CLEARED THROUGH ITS WHOLLY ORT.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (COMMIS) SETTLEMIDE DATE 05/23/03 0523 TRADE DATE TRANSACTION DESCREISN JOURNAL 1/49 JOURNAL ADP FITM-PR URNAL ADF FITTL4PR INYEiliftY Atirt15 DUE 12/3 1/4 0528/03 JOURNAL FEDERAL NATIONAL MTG ASSN ITRIP MTG SERIES 322 CL PO pot FITM RP TER RP TERM D5128/03 JOURNAL FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT 1,000 32 FITM RP TER RP TERM D5128,03 JOURNAL FEDERAL NATIONAL MTG ASSN TRIPS SERIES 326 CLASS I PO 001 E 7 1/32 FITM RP TER RP TERM nmect,rus, 9.290.000.00 9.290.000.00 11.11b.8881 2.attiat 3,528,945 3.078.000 00 MIN 34.977.000 3,806.994 2.120.000.00 DEBIT AMOUNT Beef. Szteree Seevetcs COO. Cr.* Meeseiecn Cantof North BeoPOon. New Ye* I12010$59 FINANCIAL TRUST CO INC STATEMENT PERM *11 26.2003 THROUGH May 30.2003 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT *11 25.2003 CREDIT AMOUNT 027 C62603:16:30 001 YealA ■ EFTA00195721

CLEARED THRWGH nS YrisekLY OtM.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 13 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SEMEMENT TRADE DATE DATE 05/28/03 Beer. SZeirns S0N, 14,1 Cap. Ore Metsolech Contof North Beccidon. New To* 11201.3859 FINANCIAL TRUST CO INC STATEMENT PERIOD April 26.2003 THROUGH May 30.2003 ACCCUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT WI 25.2003 TRANSACTION DESCRPTION STMEIWCUSIP OWARITT DEBIT AMOUNT CREDIT AMOUNT JOURNAL aDati agEMAN MTG CORP 35,210,740 3.133.000.00 OM ITM RP TER RP TERM 05/28/03 05/28. JOURNAL ADP FITM-PR JOURNAL ADP Frth4PR 1/4 05128,03 INYEMY Trl5gliNCIUYONAL mYa ANN STRIP MTG SERIES 3gp CL PO DUE 03 t001 FITM RP TER RP TERM rtigkrI4XY(6NAnila 832.10 STRIPS SERIES 326 SS I PO DUE 07 001 FITM AP TERM AP TERM os $.0 ?MEV 3.190.000.00 11.100.000.00 4.966.69 05/28/03 INTEREST FEDERAL HOME LOAN MTG CORP SERIES 2488 CLASS DUE 03/ t690 FITM A4 AP TERM AP TERM 05281 INTEREST ADP CD DUE 12/31,7049 R. 625 4.508.91 1,369.00 027 05,31,03:15:30 001 YeslA EFTA00195722

CLEARED IHRWOH ITS vmOUv CAMEO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SEMEMEM DATE 05/29/03 05/291 ogmg Ss ai osiss TRADE DATE TRANSACTION DES:RP1Cti JOURNAL 1+49 JOURNAL ADP FITM-PR i ?NV NUS DUE 12/3 1+4 JouRiva. FITM-PR 8.625 OUE 31W9 INTEREST DUE 12P3 5 MANTON DEBIT AMOUNT 2.830.000.00 Beer. SZeirhs SOC,r44,1 GNP Ore Mevolech Centec North Beccidon. New Tuft I I2DI.3859 FINANCIAL TRUST CO INC STATEMENT PERK* April 26.2003 THROUGH May 30.2003 ACCOUNT NUMBER TAXPAYER NUMBER On Flk LAST STATEMENT WI 25.2003 CREDIT AMOUNT 3.190.000.00 .41 2.630.000.00 74.88 TOTAL 549.149.991.93 $44,883,131.07 MISCELLANEOUS DATE MCvDAY TRANSACTION DESCRIPTON DENT AMOUNT CREPT Mara 05/09/03 JOURNAL APR 03 SPEC CLEARING FEES 50.00 05/14/03 JOURNAL FNMA-30YRIFNMAIGTD 432.812.50 SER.05/03 5.500 DUE 05/01/33 MBS NET 05/14103 65/1 i JbltliAlXL PairciAL larreggiVitatalili 9.54116 SERIES 2471 CLASS YT 1.000 DUE 03+15/32 PSI TRNFR 02/ X3103:1;: '40 001 Y644 ■ EFTA00195723

CLEARED THRWGH ITS VIIleklY OW,C0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 15 vi I!. Transaction Detail (continued) MISCELLANEOUS (continued) DATE MDOAT TPANSACTCN DESCRIPTION 05/27/03 JOURNAL F176 TO FIRM DEBIT AMOUNT CREPT AltOchi 1,828,633.00 05/29/03 JOURNAL ATM TO FITG 362.114.00 TOTAL 5362,164.00 52.270.988.66 Trades Executed Pending Settlement SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION 06/12/03 05/07/03 BOUGHT SlIMEIOLCUSP Beer. SZeirns S0N, t4,1 Dap. Ore Mevolech Cella NOM eeccidon. New VC* 11201.3859 FINANCIAL TRUST CO INC STATEMENT PERIOD *11 26.2003 THROUGH May 30.2003 ACCOUNT NUMBER TAXPAYER WESER Ofl File LAST STATEMENT *11 25.2003 OUANTITY PRICE DEBIT AMOUNT CREPT AMOUNT FNMA-30YR(FNMA)GTD 20,000,000.00 102.7187 20,543,750.00 M77.06/03 DUE 06101/2033 05,500% REF # 8$ TOTAL $20.543.750.00 The chow Peon Eo nol eppem on any cling saban of lho OalowNet Endof Statement 027 0531003:15:30 001 EFTA00195724

CLEARED THRCOGH ITS VolMY OHOXO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & 00. Inc. 383 Madison Avenue New York. New York 10179 ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE vemv.bearstearns.cOm What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail Trades Not Yet Settled 13 11111111111111111 II FINANCIAL TRUST CO INC CdO JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Beer. Szerros SOOrrher Corp. Ore Metroiech Corder North Becciorn. New Too 1120/3959 FINANCIAL TRUST CO INC STATEMENT PERK* March 29.2003 THROUGH April 25.2003 ACCOUNT NUMBER TAXPAYER MOWER On File LAST STATEMENT Meech 28.2003 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURITIES THIS PERIOD 21,153,305 Cash Si Equwalent $97.944 $273.282 LONG ACCRUED INTEREST 193,002 Fixed 21.153.305 NET CREDIT BALANCE 97,944 Income •• aim cum >io.inWIR $24.075.942 NET EQUITY THIS PERIOD $21,444,251 Current market Value MI Lest statements market value NET EGUITY LAST STATEMENT 24,650,030 CHANGE SINCE LAST STATEMENT -3,205,779 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. 51)C INS StonITY a for ofrormaoml ptrpOses cry Okra flooded as dcone Tres statecnerc shoad be retailed to your records See mem sure for twin nrcaercet 027 0.1126,03a 1:41 001 2643 EFTA00195725

CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.letsolech Cantot North Broeklln• New Volt 11201.3859 FINANCIAL TRUST CO INC 2 oi la STATEMENT BACKER IS PRINTED ON THIS PAGE 027 042603:It:AB 001 Y643 EFTA00195726

CLEARED 1HRWGH ITS CAM‘.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 3 O Cash Flow Analysis THIS PERICO Income Summary PERICO YEAR TO DATE Opening Balance $273,282.28 Govt. Agency Int. 938.633.16 3.786.032.44 Corp. Bond Int. 132.220.68 402,192.43 Securities Sold 48,556,911.46 Credit Balance Int. 79.66 272.18 Dividends/Interest 1,070,933.50 Reverse Repurchase Int. 521.67 4,112.99 Miscellaneous 145.913.71 Total $1,071,455.17 $4,192,610.04 Amount Credited $49.773,758.67 Bond Purchase Int. -30,981.48 Securities Bought -49950,352.59 Repurchase Int. Exp. -13,352.59 -13,352.59 Funds Withdrawn -77.852.00 Miscellaneous -20.892.47 Portfolio Composition Amount Debited $.49.949,097.06 CastilCash Equivalent 97,944 Net Cash Activity -175.338.39 Fixed Income 21.153,305 ClosingBalance $97,943.89 Total $21,251,249 Cash Balance Summary OPEN NG Margin 273,282.28 CLOSING 97.94399 Net Cash Balance $273.282.28 $97,943.89 027 0426,03:11:OS 001 Beer. Screams SON, 14,1 Cat. OtoLlevolech Conte North Beccidon. New To* I1201.3859 FINANCIAL TRUST CO INC STATEMENT PERKO March 29.2003 THROUGH *II 25.2003 ACCOUNT NUMBER TAXPAYER KAISER On File LAST STATEMENT March 28.2003 Your Portfolio Allocation Cash 8, Equrealent <1% — Fixed Income 99% Un•JvoeO croons °ono* oar Deena onto Orr male aye, The olorehm ;event"a t, PP•aed ken Va otwol.te market rat), or >es parka" 1643 EFTA00195727

CLEARED THROUGH ITS CA1h(0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 4 cl Your Portfolio Holdings CASH & CASH EQUIVALENTS otscan-iou CASH BALANCE TOTAL CASH & CASH EQUIVALENTS 597.944 S•MSCLOStP MARKET ESTIMATED CUAPENT QUANTITY PACE VALUE ANVJAL IntWE V SO I%) 97.944 FIXED INCOME Government & Agency Obligations ACC' [(SUMMON sir/au:Lusa TYPE FEDERAL NATIONAL MTG ASS MRGN SERIES 2003-16 CLASS JS DATED DATE 01/06103 BOOK ENTRY ONLY DUE 03/25/2018 10.050% FACTOR - .96506519 FEDERAL HOME LOAN MTG CORP MRGN SERIES 2530 CLASS SE DATED DATE 10/11/02 BOOK ENTRY ONLY DUE 0245:2032 A090% FACTOR - .8123 I0 OUANN1Y 1139.070 Beer. SZeirhs SOC,r44,1 Cory. 0-41km:tech Centec North aro:kW% New Ye* 1201.38S9 FINANCIAL TRUST CO INC STATEMENT PERKO MATO 29.2003 THROUGH *11 25.2003 ACCOUNT NUMBER TAXPAYER WESER On File LAST STATEMENT MESON 28.2003 ACCRUED ESTILWIED CURTIN,' PRICE MARKET VALUE INTEFEST ANNUAL INCOME YEW IlL1 98.7400 1.049.118 717,477 10.1783 FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI DATED DATE 1010002 BOOK ENTRY ONLY DUE 0'2/16,2032 5.690% FACTOR — .81236110 FEDERAL HOME LOAN MTG CORP IIIIIII MRGN 26.720.852 2.7564 736.536 1423 267.209 36.2791 SERIES 2471 CLASS YT DATED DATE 06/07/02 BOOK ENTRY ONLY DUE 03/15/2032 1.00094 FACTOR — .76345290 48.741.661 9.1479 4.458.847 82.458 2.968,367 66.5725 MRGN 20.907.879 9.1154 1.905.832 33.046 1.189.658 62.4220 027 01,2603:11:48 001 EFTA00195728

CLEARED THRWGH ITS niCkLY OHY.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 5 Your Portfolio Holdings (continued) Government & Agency Obligations (continued) DESCRIPTION SYMOOLOASP FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SL DATED DATE 07/02/02 BOOK ENTRY ONLY DUE 03/15/2032 5.690% FACTOR — .76855490 Total Government& Agency Obligations ACCT TYPE MRGN OLIMITITY 44,334,037 ACCRUED PRICE IAARKET VALLE MEREST 9.2039 4.080.481 70,075 Beer. SZeirns SOC.,44,1 COO. Cc* Mevolech Cella North Becdoon. New Year 1201.38S9 FINANCIAL TRUST CO INC STATEMENT PERK* March 29.2003 THROUGH WI 25.2003 ACCOUNT NUMBER TAXPAYER NUOTER On File LAST STATEMENT March 28.2003 (STEWED CURFEW ANNUAL INCOME YELDIY4 2.522,607 61.8213 518.230.814 $193.002 I.665.318 Corporate Bonds DESCRIPTION FANNIE MAE CMO/SERIES 2002-82 SK-WO FUR DATED DATE 10/02/02 BOOK ENTRY ONLY DUE 10/25/2031 '730% FACTOR - .91636507 Total CorporateBonds ACCT SWABOUCUSP TYPE MRGN °UNARY 22,909,126 12.7569 ACCRUED PRICE MARKET VALLE MEREST 2.922.491 $2,922,491 wham ANNUAL INCOIAE 1.541,784 MI $1,541,784 CIARRIPR YELD 52.7558 TOTAL FIXED INCOME $21,153,305 $193,002 $9,207,102 YOUR TOTAL ACCRUED INTEREST $193,002 YOUR TOTAL ESTIMATED ANNUAL INCOME $9.207.102 YOUR PRICEDPORTFOLIOHOLDINGS $21.251.249 021 042603:11:45 001 Y64.3 ■ EFTA00195729

CLEARED THROUGH ITS niCkLY OHnE0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 Repurchase and Reverse Repurchase Transactions with Bear,Stearnsand Co.Inc. outstanding as of date of statement PLACHASS/ START DATE RENFitimAr DATE PRONG PATE PURCHASE PRICE; PRINCPAL ACCRUED REPO MEREST' GUMMY (FACE MOM) CUSP DESCRIPTION YOU PROVIDED FEDERAL HOME LOAN MTG CORP (MARGIN) 04/07/03 OPEN MI -50,000,000 SERIES 2471 CLASS YT 1.0000 03/15/32 YOU SOLD FNMA-SMBS PRINCIPAL ONLY (REPO) 04121103 05/21/03 1.570 -3,078,000 -939 -5.000.000 SERIES 322 CLASS PO 03/01/32 YOU SOLD FEDERAL HOME LOAN MTG CORP (REPO) 04/25/03 05/21/03 1.570 -3,133,000 -409 -50.000.000 SERIES 2488 CLASS SO 03/1532 TOTAL REVERSE REPURCHASETRANSACTIONS Beer. Szeirns Soc.r.t.ei GOrP CeoLlevolech Contof North Beano. New Ye* 11201.3859 FINANCIAL TRUST CO INC STATEMENT PERIOD March 29.2003 THROUGH &XII 25.2003 ACCCUNT NUMBER TAXPAYER MASER On Fite LAST STATEMENT Match 28.2003 • • TOTAL REPURCHASE TRANSACTIONS $4211,000 51.348 'As of ololtavol dat,o Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSACTOR 04/14/03 01/27/03 BOUGHT OESCMPTION FNMA-30YR(FNMA) GTD SETT.04/03 05.500% 04/14/03 02/04/03 BOUGHT FNMA-30YR(FNMA) GTD BETL04103 SYMBOLCUSS> OJANIllY APACE DERR AMOUNT CREPT AMOUNT 10.000.000 100.60938 10.060.937.50 BS 10.000.000 100.93750 10.093.750.00 BS 027 042803:11:48 001 V643 EFTA00195730

CLEARED THROUGH ITS niCkLY OtME0 SUBSIDIARY BUR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 Beer. SZeirns SOC.r.t.t1 COO. Ore Mevolech Contof North Beccidon. New To* 11201.3859 FINANCIAL TRUST CO INC STATEMENT PERKO Myth 29.2003 Transaction Detail (continued) THROUGH ACCCUNT NUMBER *11 25.2003 TAXPAYER KAMER On File INVESTMENT ACTIVITY (continued) LAST STATEMENT Marta 28,2003 SETTLEMENT TRADE DATE DATE TRANSACTION CESCRPTION SIWBOLCUSE CVANTITY PRICE DEBIT AMOUNT CHEM MOM 04/14/03 03/24103 CANCEL SELL FNMA-30YR(FNMA) GTD 20,000.000 101.35156 20,270,312.50 SETT.04103 05.500% REF # BS AS OF 141 TO CM. PREVIOUS SELL 04/14/03 01/27/03 CANCEL BUY FNMA-30YR(FNMA) GTD -10.000.000 100.60938 10,060,937.50 SETr.04 03 DUE 04 01 2033 05.500 . AS OF 01:27x03 TO CM. PREVIOUS BUY 04/14/03 02/04/03 CANCEL BUY FNMA-30YR(FNMA) GTD -10.000.000 100.93750 10,093,750.00 SETT.04/03 05.500% REF # es AS OF : TO CAL PREVIOUS BUY 04/14/03 03/24/03 SOLD FNMA-30YR(FNMA) GTD -20.000.000 101.35156 20,270,312.50 SETT.04103 06500% BS 04/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP 1•548.000 SERIES 2471 CLASS VT 1000 DUE 03/15132 PRINCIPAL REDUCTN 04-1543 04/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP -610 SERIES 2471 CLASS VT 1.000 DUE 03/15/32 PRINCIPAL REDUCTN 04-15-03 04:1603 PRINCIPAL KEMAL H5METLW1 mratlyais . . SERIES 2483 CL SL 5.720 DUE 03/15132 PRINCIPAL REDUCTN 04-15-03 027 0.26,03:11:48 001 EFTA00195731

CLEARED THRWGH ITS wile5LY CAMEO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 8 0 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 04/15/03 TRADE DATE IRANSACTKIN PRINCIPAL OESCRPTION FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SI. 5.720 DUE 03/15/32 PRINCIPAL REDUCTN 04-15-03 04/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP EFUES 2530 CLASS SE I.120 DUE 02/15/32 PRINCIPAL REDUCTN 04-15-03 FEDERAL HOME LOAN MTG CORP I: RIES 2530 CLASS SE .120 DUE 02/15/32 INCIPAL REDUCTN 04-15-03 04/15/03 PRINCIPAL 04/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI 5.720 DUE 02/15/32 PRINCIPAL REDUCTN 04-15-03 04/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI 5.720 DUE 02/15.432 PRINCIPAL REDUCTN 04-15-03 04/25/03 PRINCIPAL FEDERAL NATIONAL MTG ASSN S MIP MTG SERIES 322 CL PO 001 DUE 03/01/32 PRIN RID 03- PA3 04-25-03 REPO P & I .0000 FANNIE MAE CMOISERIES 2002-82 2K-VO RTR 1730 DUE 10/25/31 PRINCIPAL REDUCTN 04-25-03 YOrtirligtibratIrdittg SERIES 2003-16 CLASS JS 10,050 DUE 03/25/18 PRINCIPAL REDUCTN 04-25-03 04/25/03 PRINCIPAL o4/L5.05 PiliTdiPAL SYMEIO CUSP OtJANTIr, -379 PRCE Beer. SZea•ns SOC4•444 DPP. Dec Mevolech Cella North Betatron. New Yak 11201.3859 FINANCIAL TRUST CO INC STATEMENT PERIOD March 29.2003 THROUGH *11 25.2003 ACCOUNT NUMBER TAXPAYER WIPER On File LAST STATEMENT March 28,2003 ■ DEBIT AMOUNT CHEM MONO .2.857.000 .650 1,225.000 -797 231.916.95 -614.196 .188.473 027 082603:11:48 001 TG43 EFTA00195732

CLEARED IHRWOH ITS 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 9 v/ Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 04/25/03 TRADE DATE TRANSACTION PRINCIPAL OESOF0PTION FEDERAL NATIONAL MTG ASS SERIES 2003-16 CLASS JS 10.050 DUE 03/25/18 PRINCIPAL PAYMENT 04-25-03 STAMM:CUSP OVAAITITY PRICE Beer. SZeirns S0N, t4,1 CPR. Dec Montech Contet North Beccicon. New re* I I2DI0I3S9 FINANCIAL TRUST CO INC STATEMENT Puce March 29.2003 THROUGH *11 25.2003 ACCOUNT NUMBER TAXPAYER IMAGER On Ale LAST STATEMENT Wirth 28.2003 ■ DEBIT AMOUNT OREM MOPE 188,472.84 TOTAL $40.425.000.00 840.845.389.79 DEPOSITS AND WITHDRAWALS DATE TRMSACTEN DESCPVICti 04/03/03 FND WIRED WIRED TO CEBU MONT 77.852.00 CREDIT AMOUNT TOTAL $-77.852.00 INTEREST DATE DESORPTION SYMDZIMCVSIP GUAMITY RATE DEBIT AMOUNT [MDR NAOMI 03/31/03 AVG BAL 241.588RT 79.66 021 OFFICE INTEREST 0303 64/15/03 MENAI. Ht$K4EIWITATO taus 1.0000 03,557.86 SERIES 2471 CLASS Yt INTEREST 04-1ica 04/15/03 FEDERAL HOME LOAN MTG CORP 1.0000 33,654.12 MAASS F ew, r.WPrID 04-M3 REPO P & I 1.0000 04/15/03 FEDERAL HOME LOAN MTG CORP 5.7200 223.572.95 SERIES 2483 CL SL Erafeir tegtos 027 04.26.<13:11:411 001 '.543 EFTA00195733

CLEARED THROUGH ITS vnIOLLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 10 el I_ Transaction Detail (continued) INTEREST (continued) Beer. SZeirns SOC,,44,1 GOrP. Ore Mevolech CortIN NOM Beccmon. New VC* 11201.3859 FINANCIAL TRUST CO INC STATEMENT PERKO Mirth 29.2003 THROUGH &Nil 25.2003 ACCCUNT NUMBER TAXPAYER RINSER ON File LAST STATEMENT Minh 28.2003 DATE CESCRVTION STMEICIAOUSIP OVAARITY RATE 11 DEBIT AMOUNT DREW AMOUNT 04/15/03 FEDERAL HOME LOAN MTG CORP 227,667.02 SERES 2488 CLASS 0 ,Iggipv. 04/15/03 FEDERAL HOME LOAN MTG CORP 263,156.51 EVRAntaiiss 20 INTEREST PAYMENT -15.03 04/15/03 FEDERAL HOME LOAN MTG CORP 5.7200 105,503.85 SERIES 2526 CLASS SI Marla:ENT 847e-03 04/25/03 FANNIE MAE CMG/SERIES 2002-82 132,220.68 MA:v.1m. 04/25/03 FEDERAL NATIONAL MTG ASS 10.0500 61.520.83 ad o. TOTAL $1,070,933.50 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stearns& Co.Inc. SETTLEMENT TRADE DATE DATE 04/07/03 04/17. TRANSACTION DESCRPTION JOURNAL FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT 1.000 FITM RP OPEN RP OPEN JOURNAL ADP FITM-PR 31x49 STMOOLCUSIP OLMMITY DEBIT AMOUNT CREDIT AMOUNT -40,384,945 750.000.00 027 04,2643:11:48 001 VS43 EFTA00195734

CLEARED THROUGH ITS niCkLY OtM.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE 04/17/03 04/17. TRANSACTION DED:REICN JOURNAL 1/49 JOURNAL ADP FITM-PR /17 64117.• URNAL ADF FITMPR itilEiliftY AVM DUE 12/3 1/4 04/21/03 JOURNAL FEDERAL NATIONAL MTG ASSN ITRIP MTG SERIES 322 CL PO pot ARM RP TER RP TERM 04/21/03 JOURNAL FEDERAL NATIONAL MTG ASSN TAP MTG SERIES 322 CL PO toot /32 ATM RP RP OPEN 04/21/03 INTEREST FEDERAL NATIONAL MTG ASSN STRP MTG SERIES 3Zg CL P0 DUE 03 12 2 II.001 ATM RP TER RP TERM CcANnre Beer. SZeirns S0N, t4,1 COO. Cc* Mevolech Contof North Beccidon. New To* 11201.3859 FINANCIAL TRUST CO INC STATEMENT PERIOD March 29.2003 THROUGH *11 25.2003 ACCCUNT NUMBER TAXPAYER NUMBER 011 FIk LAST STATEMENT March 28.2003 DEBIT AMOUNT CREDIT AMOUNT 750.000.00 1, 5818FM 750.000.00 51.B7 3 811 029 3.032.000 00 -3.811.029 3.078.000.00 4.307.97 027 04/26/03:11:06 001 V643 EFTA00195735

CLEARED THROUGH ITS 0%M.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 12 • Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SETTLEMENT TRADE DATE DATE 04/25/03 TR/MACRON DESCRPTION JOURNAL aDati ctiatglAN MTG CORP r T 390 6 IM RP RP OPEN 04/25/03 JOURNAL FEDERAL HOME LOAN MTG CORP IES 2488 CLASS SO 1E:90 ITM 2 RP TERM RP TERM 04/25/03 INTEREST FEDERAL HOME LOAN MTG CORP SERIES 2488 CLASS DUE 03/ .690 FITM RP TERM RP TERM SYMBOICUSIP Beer. SZeirns SOC,r.t.t1 Cory. Ore Mevolech Contec North Beano. New re* 11201.3859 FINANCIAL TRUST CO INC STATEMENT PERKO Match 29.2003 THROUGH &Nil 25.2003 ACCCUNT NUMBER TAXPAYER WIWI On Ale LAST STATEMENT MUM 28.2003 QUANTITY DEBIT AMOUNT CREDIT AMOUNT -38,427,745 3,133,000.00 38,427,745 3,680,000.00 9044.62 $-9,425,352.59 B711,521.67 MISCELLANEOUS DATE 1.00AT TRANSACTCN 04/10/03 JOURNAL DESCRIPTION MAR 03 SPEC CLEARING FEES DEBIT AMOUNT 700.00 CREDIT AMOUNT 04/14/03 JOURNAL FNMA-30YR(FNMA)GTD SER.04/03 5.500 DUE 04/01/33 MBS NET 04/14/03 115.625.00 04/16/03 JOURNAL FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS Y7 1.000 DUE 03/15/3 INT 021-92128 TO 20.192.47 027 Deo26.03.I1:48 001 YB43 EFTA00195736

CLEARED IHRWOH ITS 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 13 vi 13 Transaction Detail (continued) MISCELLANEOUS (continued) DATE 1.13DAY TRANSACTION DESCRIPTION COEAMOUNT CREDIT AMOUNT 04/21/03 JOURNAL FEDERAL HOME LOAN MTG CORP 20,192.47 SERIES 2471 CLASS YE 1,000 DUE 03/15/32 REVERSE 4/16 ENTRY 04/21/03 JOURNAL FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS Yr 1,000 DUE cansra INT 021-92128 TO 10.096.24 TOTAL $-20.892.47 $145.913.71 Trades Executed Pending Settlement scnumen TRADE DATE DATE TRANSACTION DESCRIPTION 05/14/03 03/24/03 BOUGHT 10180.CUSP Beer. Saea•As SON, t4,1 Cap. Dec Mevolech Car:Ng NOM Beccnon. New re* 112013959 FINANCIAL TRUST CO INC STATEMENT PERKO March 29.2003 THROUGH At3rc 25.2003 AccouNT NUMBER TAXPAYER AtA23ER On File LAST sTATEmENT Mann 28.2003 CRIANTRY PACE DEBIT AMOUNT CREOR AMOUNT FNMA-30YR(FNMA)GTD 20,000,000.00 100.9375 20.187,500.00 MTL05/03 DUE 05101/2033 05,500% REF # as TOTAL $20.187.500.00 The alma, Kees 03 nol appeal in any 011E social or ibb sworn/int 027 04/26/03:11:41 001 Y643 EFTA00195737

CLEARED THROUGH ITS wisC5LY OHY.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. New York 10179 ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE vovnv.bearsteams.cOM What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail Trades Not Yet Settled 11 11111111111111111 I I FINANCIAL TRUST CO INC 0/0 JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE B3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURITIES THIS PERIOD 24,075,942 Cash & Equwalent $273•282 $385.776 LONG ACCRUED INTEREST 300,806 Fixed $24.075.942 NET CREDIT BALANCE 273,282 Income $23.198.123 NET EQUITY THIS PERIOD $24,650,030 Current market value mi Last statement's market value NET EQUITY LAST STATEMENT 23,891,200 CHANGE SINCE LAST STATEMENT 758,830 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. BAN. SzerE SO8ribn 0007 Ore Meaciech Conte( North Betatron. New TN* 11201.3859 FINANCIAL TRUST CO INC STATEMENT PERIOD Mardi 1.2003 THROUGH March 28.2003 ACCCUNIT NUMBER TAXPAYER NUMER On File LAST STATEMENT Primary 28.2003 SIT TM EuGnIr7 a EY mMTITAHMAN frames only Ikea vendHAIM damned Tres stationers should Do Maned TN your records Soo worm sode far mortar/ nfamarse 027 032903:10:54 001 V642 EFTA00195738

CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.letsolech Cantot North Broeklln• New Volt 11201.3859 FINANCIAL TRUST CO INC 2 el 12 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 012903:10:54 001 V642 EFTA00195739

CLEARED IHRWOH ITS 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue Nev York, Nee York 10179 3 c/ Cash Flow Analysis THIS PERICO Income Summary THS PEW° YEAS TO DATE Opening Balance $385.775.82 Govt. Agency Int. 962,655.39 2.847.399.28 Corp. Bond Int. 134,082.87 269,971.75 Securities Sold 5.010,034.50 Credit Balance Int. 64.72 192.52 Dividends Interest 1,096,802.98 Reverse Repurchase Int. 77.08 3.591.32 Miscellaneous 205,279.34 Total $1.096.880.06 $3.121.154.87 Amount Credited •.312.116.82 Bond Purchase Int. • -30,981.48 Securities Bought 1.270.120.19 Miscellaneous -154A90.17 Amount Debited $ .424.610.36 Portfolio Composition CashiCash Equivalent 273.282 Net Cash Activity -112.493.54 Fixed Income 24.075.942 Closing Balance $273,282.28 Total $24,349,224 Cash Balance Summary OPENING CLOSING Margin 385.775.82 273.282.28 Net Cash Balance $385.775.82 $273282.28 027 032903:10:54 001 Beer. Screams S0N,14,1 Cory. O-4Mo:elven Conte North Beccioon. New Toot 11201.3859 FINANCIAL TRUST CO INC STATEMENT PERKO March 1.2003 THROUGH March 28.2003 ACCOUNT NUMBER TAXPAYER AMBER On File LAST STATEMENT February 28.2003 Your Portfolio Allocation Cash 8 EquroYenl 1% I— Fixed Income 99% Un•JvaeS croons acne* oat crone.• onto eho•I male wive, The olecom Portent''.• ty dtmod Icon to '0191A* motet rat), ol,ev palloo 7642 EFTA00195740

CLEARED THROUGH ITS vniCkLY OW,E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 4 vi !rt Your Portfolio Holdings CASH & CASH EQUIVALENTS or:scan-ion CASH BALANCE TOTAL CASH & CASH EQUIVALENTS 5273.282 S•MSCL °SIP MAWS ESIIMAIED CUAPENT QUANTITY PACE VALUE ANVJAL IntWE V SO I%) 273,282 FIXED INCOME Government & Agency Obligations ACC DESCRIPTION sir/ea:cosi> TYPE FEDERAL NATIONAL MTG ASS MRGN SERIES 2003-16 CLASS JS DATED DATE 01/06203 BOOK ENTRY ONLY DUE 03/25/2018 10.075% FACTOR - .99054310 FEDERAL HOME LOAN MTG CORP SERIES 2530 CLASS SE DATED DATE 10/11/02 BOOK ENTRY ONLY DUE 02/1512032 1120% FACTOR - .8599 60 FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI DATED DATE 10/01/02 BOOK ENTRY ONLY DUE 0'2/15/2032 5.720% FACTOR - .85998860 FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT DATED DATE 06/07/02 BOOK ENTRY ONLY DUE 03/15/2032 1.000% FACTOR - .80769890 GUMMY 1327.543 1111111. MRGN 51.599.311 Beer. SZeirns SON, 14,1 Cap. Ore Metsolech CarrIN North Beccidon. New Ye* 11201 3959 FINANCIAL TRUST CO INC STATEMENT PERKO March 1.2003 THROUGH March 28.2003 ACCOUNT NUMBER TAXPAYER MAURER On Fee LAST STATEMENT February 28.2003 ACCRUED ESTRUM° CURFEW PRICE MARKET VALUE INTEFEST ANNUAL INCOME YEW 119 97.6300 1.153.880 1153 738,250 10.3196 10.3259 5.328.097 114.036 3.157.878 59.2684 MRGN 22.133,676 9.2919 2.056.646 45,719 1.266,046 61.5588 MRGN 68.654.407 2.7988 1.921.493 24.794 686.544 35.7297 027 012003:10:S4 001 V642 EFTA00195741

CLEARED THROUGH ITS niCkLY OW,EO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 5 I !2 Your Portfolio Holdings (continued) Government & Agency Obligations (continued) ACCT DESCRIPTION SYLSOUOJSP TYPE FEDERAL HOME LOAN MTG CORP MRGN SERIES 2483 CL SL DATED DATE 07/02402 BOOK ENTRY ONLY DUE 03/15/2032 5.720% FACTOR — .81309650 Total Government& Agency Obligations ouvonv 46.903,416 Beer. SZeirns SON, 14,1 Cory. Ore Montech Car:Ng North BecciCon. New Ye* 11201 3859 FINANCIAL TRUST CO INC STATEMENT PERK* March 1.2003 THROUGH March 28.2003 ACCOUNT NUMBER TAXPAYER AVO3ER On Flk LAST STATEMENT Petirtguy 28.2003 ACCRUED ESTIAMED CURFENIT PRICE MARKET VALLE MEREST ANNUAL INCOME VELD IV 9.3921 4.405.222 96,882 2.682,875 60.9022 $20.865.338 $287.584 $8.531.593 Corporate Bonds ACV DESCRIPTION SWOCLCUSP TYPE FANNIE MAE CMO/SERIES 2002-82 MRGN SK-VO FUR DATED DATE 10/02102 BOOK ENTRY ONLY DUE 10/25/2031 1745% FACTOR — .94093290 Total CorporateBonds $3210.604 $13.222 $1.586.648 ACCRUED mammy CURFEW, OUAMITY PRICE MARKET VALLE INTEREST ANNUAL INCOME VELD IN/ 23,523.322 13.6486 3,210.604 13.222 1.586,648 49.4190 TOTAL FIXED INCOME $24.075.942 $300.806 $10.118,241 YOUR TOTAL ACCRUED INTEREST $300,806 YOUR TOTAL ESTIMATED ANNUAL INCOME $10.118.241 YOUR PRICED PORTFOLIOHOLDINGS $24,349,224 027 CO2003:10:54 001 V642 EFTA00195742

CLEARED IHRWOH ITS Nieto, Oun.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. New York 10179 Repurchase and Reverse Repurchase Transactions with Bear,Stearnsand Co.Inc. outstanding as of date of statement PLOGINSS REPURCHASE PRONG START DATE DATE PATE PURCHASE PRIES FOINGPAL ACCRUED REPO MEREST' CAMARITY (FACE AMOUR) CUSP DESCRIPTION YOU SOLD (REPO) 02/28/03 05/07/03 YOU SOLD (REPO) 03/19/03 04/21/03 1.580 1.550 -3,680,000 -3.032.000 -5,006 1.566 -50,000,000 -5,000,000 FEDERAL HOME LOAN MTG CORP SERIES 2488 CLASS SO 03 15 FNMA-SMBS PRINCIPAL ONLY SERIES 322 CLASS PO 03,01;32 32 TOTAL REVERSE REPURCHASETRANSACTIONS • • TOTAL REPURCHASE TRANSACTIONS $1712.000 $ 1572 'As stskams, Beer. Steaks Seorther GOO. Ore Mevolech Comet North Beccia0n. New Year 11201 3959 FINANCIAL TRUST CO INC STATEMENT PERIOD March 1.2003 THROUGH MarCh 28.2003 ACCOUNT NUMBER TAXPAYER MANER On Fite LAST STATEMENT Fetwuery 2B. 2003 Transaction Detail INVESTMENT ACTIVITY SETTLENEM MADE DATE DATE 12ANSICTON OESCRPTION STINIOUCUSTP OUNFTITY ?ma DEBIT AMOUNT GRECO AMOUNT 03/12/03 JOURNAL FEDERAL HOME LOAN MTG CORP -2 SEFUES 2526 CLASS SI 5,660 DUE 02/15/32 03/17/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP -2.852.000 SERIES 2471 CLASS YT 1,000 DUE 03/15/32 PRINCIPAL REDUCTN 03-16-03 03/17/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP -339 SERIES 2471 CLASS VT 1,000 DUE 03/15/32 PRINCIPAL REDUCTN 03-15-03 027 03 2903:10.&4 001 EFTA00195743

CLEARED 1HRCOGH ITS vniCkLY ONT+E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 I 0 !2 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 03/17/03 TRADE DATE TRANSACTON PRINCIPAL DESCRPTION FEDERAL HOME LOAN MTG CORP SERIES 2483 CI. SL 5.720 DUE 03/1532 PRINCIPAL REDUCTN 03-15-03 03/17/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SI. 5.720 DUE 03/15/32 PRINCIPAL REDUCTN 03-1593 FEDERAL HOME LOAN MTG CORP I: RIES 2530 CLASS SE .120 DUE 02/1532 INCIPAL REDUCTN 03-15-03 FEDERAL HOME LOAN MTG CORP SERIES 2530 CLASS SE .120 DUE 02/15/32 RINCIPAL REDUCTN 03-15-03 FEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 CL PO 00.001% 03/17/03 PRINCIPAL 03/17/03 PRINCIPAL 03/19/03 03/17/03 BOUGHT REF # BS 03./25/03 PRINCIPAL FANNIE MAE C/AUSERIES 2002-82 SK-113 FLTR 1. 713 DUE 10/2531 INCIPAL REDUCTN 03-25-03 03/25/03 PRINCIPAL FEDERAL NATIONAL MTG ASS SERIES 2003-16 CLASS JS 10.000 DUE 03/25/18 PRINCIPAL REDUCTN 03-25-03 01+25103 PRINCIPAL FEDERAL NATIONAL MTG ASS SERIES 2003-16 CLASS JS 10.000 DUE 03125/18 PRINCIPAL PAYMENT 03-25-03 SYMEIO CUSP 43CANiire -2.366.000 NICE 808f. SZeinn Seoankf COP Cc* Mevolech CarrIN North BroPron. New re* 11201.3859 FINANCIAL TRUST CO INC STATEMENT Pew) March 1.2003 meatier March 28.2003 ACCCUNT NUMBER TAXPAYER AMMER 00 File ■ LAST STATEMENT Fetwuery 26.2003 DEBIT AMOUNT CREDIT A/hOcter .236 .2.422.000 836 4.042.946 89.34375 3,612,120.19 .442.336 .69.957 69.957.42 TOTAL $-3.612.120.19 $69.957.42 027 012903:10:54 001 v642 EFTA00195744

CLEARED THRWGH ITS niCkLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 8 vi !2 Transaction Detail (continued) INTEREST Beer. SZeirns SON, t4,1 COO. Ore Mevolech CarrIN North Beccidon. New VC* 11201.3859 FINANCIAL TRUST CO INC STATEMENT PERIOD March 1.2003 THROUGH March 28.2003 ACCCUNT NUMBER TAXPAYER WESER OR File LAST STATEMENT Edam), 28.2003 DATE DESCRPTION STMEIOUVUSIP GUMMY RATE IY4 DEBIT AMOUNT GREW AMOUNT 03/03/03 AVG BAL 136.2651101. 021 OFFICE INTEREST 64.72 03/17/03 FEDERAL HOME LOAN MTG CORP 1.0000 49,492.72 DUE MOSSI SS 1000 INTEREST PAYMENT 03-15.03 0i.117 rtliEtik Ht$K4EMITATOTEArs 5.7200 L, .52 SOWS 2483 CL SL INTEREST PAYMENEheR-03 03/17/03 FEDERAL HOME LOAN MTG CORP 6.7200 237,017.33 SEBES 2488 CLASS II; owns REPO P 81 .6600 03/17/03 FEDERAL HOME LOAN MTG CORP ISM 6.1200 272,811.87 SB1ES 2530 CLASS SE RR EPAVI947 !Rem 03/17/03 FEDERAL HOME LOAN MTG CORP 5.7200 109.299.12 SB1ES 2526 CLASS SI nag% °to, REPO PSI 5.6600 03/25/03 FANNIE MAE CMG/SERIES 2002-82 wi sKI FRevag 725-03 6.7130 134.082.87 03/25/03 FEDERAL NATIONAL MTG ASS 10.0000 61.645.83 SOWS 2003-16 CLASS JS WakiralWENT ITHVO3 TOTAL $1.096.802.98 027 032903:10:54 001 ',642 EFTA00195745

CLEARED THROUGH DS volOtlY OHNE° SUBSIDIARY 03/21/03 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 9 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stearns& Co. Inc. SEDLEMETO TRADE DATE DATE TRANSACTION DES:RP-ICH 03/07/03 JOURNAL EE SERms Da ctiattWAN MTG CORP 5,660 FITM RP RP OPEN 03/17/03 JOURNAL FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI 5,720 02115/32 FITM RP TERM RP TERM 03/18/03 JOURNAL ADP FITM-PR 31249 0319/03 JOURNAL FEDERAL NATIONAL MTG ASSN STRP MTG SERIES 322 Cl PO 0.001 32 FITM RP RP OPEN JOURNAL ADP FITM-PR JOURNAL ADP FITM-PR 1/49 /4 INTEREST ADP CD DUE 12/3 JOURNAL ADP FITM-PR 8.625 Beer. SZeirns SONH*1 COO. CeoLlevolech Canto North Becdoon. New To* 11201.3859 FINANCIAL TRUST CO INC STATEMENT PERK* March 1.2003 THROUGH March 28.2003 ACCCUNT NUMBER TAXPAYER ARAMBER On Flk LAST STATEMENT Februant 28.2003 STMEICUCUSIP °PARITY OMIT AMOUNT CREDO AMOUNT -23,172,958 22.133.676 1.150,000.00 -4.042.946 3.032.000.00 MIN 758,000.00 MEI 1.150.000.00 57.50 750,000.00 027 032903:10:54 001 V642 EFTA00195746

CLEARED THROUGH ITS witekLY 0%M.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New York, New York 10179 10 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SETTLEMENT DATE 03/211 03/211 TANX CATE TRANSACTION DESCRP1Cli JOURNAL FITM-PA 8-625 OpE 31/49 INTEREST DUE 1 ADP CD 2/3 BON OnglarilorigtoUTAV SERIES 2471 CLASS YT 1,000 DUE / FITMARG RP TERM RP TERM 03/28/03 JOURNAL FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT 1,000 DUE i FirMARG 1 RP OPEN RP OPEN TOTAL SAIEIC‘CUSIP OVANTITY DEBIT AMOUNT Beer. SZeirhs SOC,r44,1 COO. 0 -41km:tech Centec North Beccidon. New VC* 112013959 FINANCIAL TRUST CO INC STATEMENT PERIOD Mann 1.2003 THROUGH March 28.2003 ACCOUNT NUMBER TAXPAYER NUMBER On File LAST STATEMENT February 28.2003 CREDIT AMOUNT 758,000.00 19.58 24.230.967 .12,115.483 $-2058.000.00 $4,940,077.08 MISCELLANEOUS DATE MOAT TPANSACT'GN DESCRIPTION DEBIT AMOUNT CPECIT AMCchT 01/12/03 JOURNAL FEB 03 SPEC CLEARING FEES 400.00 03/14103 JOURNAL FITM TO FITG 112.066.00 03/17/03 JOURNAL FITM TO FITG 20.813.00 03/18103 JOURNAL FEDERAL HOME LOAN MTG CORP 21.211.17 SERIES 2471 CLASS YT 1,000 DUE 03/15/32 PSI TRIVER 027 OG,2B03:10:54 001 1642 ■ EFTA00195747

CLEARED IHRWOH ITS ?AIM? (MILE° SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 11 CI 12 Transaction Detail (continued) MISCELLANEOUS (continued) DATE wen TRANSACTION 03/18/03 JOURNAL DESCRIPTION FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YE 1.000 DUE 03/15/32 RECLASS P&I DEBIT AMOUNT CREW !MOUNT 21,211.17 03/19/03 JOURNAL FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT 1.000 DUE 03/15/32 PSI TIANFR 21.211.17 03/20/03 JOURNAL FITG TO FITM 162857.00 TOTAL 6-154,490.17 $205.279.34 Trades Executed Pending Settlement SETTLEMENT TRADE DATE DATE TRANSICTIDN 04/14/03 01/27/03 BOUGHT DESORPTION FNMA-30YR(FNMA)GTD SETT.04/03 DUE 04/01+2033 05,500% STME/OLCUSP REF # BS 04/14/03 02/04/03 BOUGHT FNMA-30YR(FNMA) GTD SETT84 03 DUE 04 01x2033 05,500% REF # BS 04/14/03 03/24/03 SOLD FNMA-30YR(FNMA) 61D SETT,04;03 DUE 04012033 05,500% REF # ES Beef. SZeirns SONH*I Cap. Ceolkesolech Car:Ng North BecdO/n. New Ye* 11201.3859 FINANCIAL TRUST CO INC STATEMENT PERIOD March 1.2003 THROUGH March 28.2003 ACCOUNT NUMBER TAXPAYER NLIESER On He LAST STATEMENT February 28.2003 GUMMY Prim DEW AMOUNT CPEOrr A1.101.RIT 10,000,000.00 100.6093 10,060,937.50 10.000.000.00 100.9375 10.093,750.00 IIIII -20.000.000.00 101.3515 20.270.312.50 027 0329,0300:54 001 '1642 EFTA00195748

CLEARED THRWGH ITS wriCkLY OtM.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 12 v? Trades Executed Pending Settlement (continued) SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPTION 05/14/03 03/24/03 BOUGHT S➢MBOLCUSP Beer. Sea•ns SON, t4,1 Cap. Ore Mevolech Contof North Becck/on. New To* 11201.3859 FINANCIAL TRUST CO INC STATEMENT PERKO March 1.2003 THROUGH March 28.2003 ACCOUNT NUMBER TAXPAYER NUMBER ON File LAST STATEMENT Faxing 28.2003 ONNTITI PRICE DEBIT AMOUNT CP£GI MAOUN1 FNMA-30YR(FNWt)GTD 20,000,000.00 100.9375 20,187,500.00 SETT,05/03 DUE 05001/2033.05,500% REF # 5$ TOTAL $40.342.187.50 $20270.312.50 1Io 463a, kid., 63 not *poor in wry othot soctron 01 ihe staiornone End of Statement 027 032903:10:54 001 Y602 EFTA00195749

CLEARED THRCOGH nS WHOLLY 01MMED $UOSIOIAAY BEAR STEARNS OFFICE SERVICING YOUR ACCOLM Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York New York 10179 ACCOUNT EXECUTIVE GNMA GOVT BOND VISIT OUR WEBSITE wvnv.bearstearns.com What's In This Statement Financial Summary 3 Your Portfolio Holdings 4 Transaction Detail Trades Not Yet Settled 11 1111,111111111111 I I FINANCIAL TRUST CO INC C,I0 JEFFREY EPSTEIN 6100 RED HOOK QUARTER STE 63 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURITIES THIS PEROD 23.198.123 Cash a Equrealent 4 $385.776 I $517 LONG ACCRUED INTEREST 307.301 Reed $23.198.123 NET CREDIT BALANCE 385.776 Income $22.463$38 Current market value NET EQUITY TINS PERIOD $23.891200 [SE Last statement's market value NET EQUITY LAST STATEMENT 22,986.053 CHANGE SINCE LAST STATEMENT 905.147 There are no 'Stop Lose orders or other pending buy or sell open orders on file for your account. seer. SIAMnS S00011(4 Corp. Ono Mevoloch Confer North Errecklgn. New VW' 1120/3859 FINANCIAL TRUST CO INC STATEMENT PEF000 February 1.2003 THROUGH February 28.2003 ACCOUNT NUMBER TAXPAYER NUMBER On Ale LAST STATEMENT January 31. 2003 SIK Tta SOTSYWYK 10, 00:01.80, 01 Nooses way. a ls not MOM natal docurert Tars surtanwra NNW be retained for your records So wane S. fa grandam planuaton 027 0101.03:13:10 001 V641 EFTA00195750

CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.levolech Cantot North Broeklln• Hew Volt 11201.3859 FINANCIAL TRUST CO INC 2 oi 11 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0101,03:13:10 001 V641 EFTA00195751

CLEARED 1HRWGH nG niCkLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 3 ci Cash Flow Analysis THIS PERIOD Income Summary MS PERIOD YEAR TO DATE Opening Balance $516.74 Govt. Agency In?. 929,766.24 1.884.743.89 Corp. Bond Int. 135,888.88 135,888.88 Secudties Sold 35.413.423.41 Credit Balance Int. 127.80 127.80 Dividends/Interest 1,065,782.92 Reverse Repurchase Int. 2.187.59 3.514.24 Miscellaneous 169,239.08 Total $1.067.970.51 82.024.274.81 Amount Credited $36.648.445.41 Bond Purchase Int. -8.333.33 -30,981.48 Secudties Bought -36,253,953.00 Dividends/Interest Charged -8.333.33 Miscellaneous -900.00 Portfolio Composition Amount Debited $-36.263,186.33 Cashtash Equivalent 385.776 Fixed Income 23.198,123 Net Cash Activity 385,259.08 Total $23.583.899 ClosingBatance $385.775.82 Cash Balance Summary OM. NG CLOSING Margin 516.74 385,775.82 Net Cash Balance $516.74 $385,775.82 027 03.01,03:13:10 001 Beer. SZeirns S0N, t4,1 Cory. OtoMetsolech Contec North Beccidon. New Tuft 11201.3859 FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2003 THROUGH February 28.2003 ACCOUNT NUMBER TAXPAYER WEBER OR PIM LAST STATEMENT January 31.2003 Your Portfolio Allocation Cash & Equivalent L Axed Income 99% Untivoecl Frown demo* debt beano, 'not, Or, male vela, Tha elocabcn percents,' ts 0rotr0 Iron Ito othor.te r' *et %VV. Or >EV Dalton v&41 EFTA00195752

CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 4 r, Your Portfolio Holdings CASH & CASH EQUIVALENTS oTscRRnou CASH BALANCE TOTAL CASH & CASH EQUIVALENTS SOMBCCOSO MAPJ<ET ESIILIAIED CURRENT QUANTITY PACE VALUE NWJAL Intelle VELD 1%) 385,776 $385.776 FIXED INCOME Government & Agency Obligations DESCRPTION ACCT suieCLcusu TYPE °LANETT PRICE MARKET VALLE ACCRUW MEREST ESTEIME0 ANNUAL INCOME CURFEW YEW 119 FEDERAL HOME LOAN MTG CORP MRGN 54.022.147 9.3962 5.076.007 118,218 3.273,742 64.4944 SERIES 2530 CLASS SE DATED DATE 10/11/02 BOOK ENTRY ONLY DUE 02/15/2032 060% FACTOR .9003 20 FEDERAL HOME LOAN MTG CORP MRGN 23.172.960 8.5799 1.988.216 47.364 1.311.590 65.9682 SERIES 2526 CLASS SI DATED DATE 10/01/02 BOOK ENTRY ONLY DUE 02/15/2032 5.660% FACTOR .90036920 FEDERAL HOME LOAN MTG CORP MRGN 59,391,262 2.8431 1.688.559 21,448 593,913 35.1728 SERIES 2471 CLASS YT DATED DATE 06/07/02 BOOK ENTRY ONLY DUE 03/15/2032 1.000% FACTOR .84844660 FEDERAL HOME LOAN MTG CORP MRGN 49.269.652 8.5352 4.205.264 100.700 2.788.662 66.3136 SERIES 2483 CL SL DATED DATE 07/02/02 BOOK ENTRY ONLY DUE 03/15/2032 5.660% FACTOR - .85411650 Beer. SZeirns SON•44,1 C0,8 Ore Metsolech Contot North Beccidon. New Yak 11201.3859 FINANCIAL TRUST CO INC STATEMENT PERK* February 1.2003 THROUGH February 28.2003 ACCOUNT NUMBER TAXPAYER NL.WEER On PIM LAST STATEMENT January 31.2003 027 0301.03:13:10 001 VSA1 EFTA00195753

CLEARED THROUGH ITS wisC5LY 005E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 5 Your Portfolio Holdings (continued) Government & Agency Obligations (continued) ACC' DESCRPRON SYLSOLCUSP TYPE FEDERAL NATIONAL MTG ASS MRGN SERIES 2003-16 CLASS JS INTEREST FROM DATE 02/25/03 DATED DATE 01/06/03 RRST COUPON 03/2572003 BOOK ENTRY ONLY DUE 02/25/2033 10.000% FACTOR — 1.00000000 Total Government& Agency Obligations BOY. SZeirns SOCKKM0 COP. Ore Montech Canto North Beccioon. New re* 11201.3859 FINANCIAL TRUST CO INC STATEMENT PERK* February 1.2003 THROUGH February 28.2003 ACCOUNT NUMBER TAXPAYER AVOTER On Flk LAST STATEMENT January 31.2003 ACCRuED (STOWED CURFENT 0.AATiT• PROF MARKET VALUE NTEPEST ANNUAL INCOME YELD 119 1.397.500 98.5347 1.289.104 1.164 739,750 10.1487 $20.247.150 5293.894 58.707.657 Corporate Bonds DESCRiMON ACCT SY7A3CLCUSP TYPE DUMMY PRICE MARKET VALUE ACCRUED INTEREST ESTIMIED ANNUAL tiCOME CURFENT %MID I%) FANNIE MAE CM0/SERIES 2002-82 SK-I/O FLTR DATED DATE 10/02/02 BOOK ENTRY ONLY DUE 10/25/2031 I.713% FACTOR — .95862633 Total CorporateBonds MRGN 23,965,658 12.3133 2.950.973 $2.950.973 13.407 $13.407 1.608.815 $1.608.815 54.5181 TOTAL FIXED INCOME $23.198.123 5307.301 $10.316.472 YOUR TOTAL ACCRUED INTEREST $307,301 YOUR TOTAL ESTIMATED ANNUAL INCOME $10.316.472 YOUR PRICED PORTFOLIOHOLDINGS $23.583.899 027 03.01D3:13:10 001 %Tao EFTA00195754

CLEARED THROUGH ITS ~MY 0"E0 SUBSIDIARY BffiR STffiRNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York New Yolk 10179 Repurchase and Reverse Repurchase Transactions with Bear, Stearnsand Co. Inc. outstanding as of date of statement Best. SZea'n5 SOCY'dMi GOO. CC* Metselech Cent« North Beecidon. New Yak 112014859 FINANCIAL TRUST CO INC STATEMENT PERKO February 1.2003 THROUGH February 28.2003 ACCCUsIT NUMBER TAXPAYER WEBER CONE LAST STATEMENT January 31.2003 PINICtuar REPURCHASE PRCING PURCHASE PRICE; ACCRUED REPO oummTv START DATE DATE PATE PAINCPAL MEREST (FACE MOUND CUSP DESCRIPTOR YOU SOLD FEDERAL HOME LOAN MTG CORP (REPO) 02/28/03 OSD7/03 1.580 -3.680.000 -484 -50.000.000 SERIES 2488 CLASS SO 03/15/32 TOTAL REVERSE REPURCHASE TRANSACTIONS TOTAL REPURCHASE TRANSACTIONS $-3.680.000 $-484 Rs or slakenfil dege Transaction Detail INVESTMENT ACTIVITY SETREMENT TRADE DATE DATE TRANSACTION 02/13/03 01/08/03 BOUGHT DESCRIPTION FNMA-30YR(FNMA) GTD SETT,02/03 02/13/03 02/04/03 CANCEL SELL FNMA-30YR(FNMA)GTD SETT,02/03 05.500% REF # AS OF TO CA PREVIOUS SELL SYMBOLCUSP OVANTITY PRICE DEBIT AMOUNT CRECIT AMOUNT 10.000,000 101.43750 10,143,750.00 BS 10.000.000 101.76953 10.176.953.00 BS 027 03DID3:13:10 091 VC41 EFTA00195755

CLEARED THROUGH RS yogkly °MED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York New York 10179 I O Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE -RANSACI1ON MORMON 02/13/03 01/0803 CANCEL BUY FNMA-30YR(FNMA)GTO SETT,02103 05,500% REF # 88 AS OF 17 TO CM. PREVIOUS BUY 02/13/03 02/00/03 SOLD FNMA-30YR(FNMA) GT D SETT,O27O3 8S 02/18/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YE 1.000 DUE 03/15/32 PRINCIPAL REDUCTN 02-I5-03 02/18/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YE 1.000 DUE 03/I 5/32 PRINCIPAL REDUCTN 02-15-03 02/18/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2483 CL Si 5.660 DUE 03/15732 PRINCIPAL REDUCTN 02-15-03 02/18/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2483 CL Si 5.660 DUE 03/I 5/32 PRINCIPAL REDUCTN 02-15-03 02/18/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP gERIES 2488 CLASS SO 1,660 DUE 03/I 5732 PRINCIPAL REDUCTN 0245-03 1/2 /1105 FfilNIPAL rook HoMET641 FitniSAP I: RIES 2488 CLASS SO ,660 DUE 03/15/32 INCIPAL REDUCTN 02-15-03 SYMITTO CUSP Beer. SZeirns SOC‘,4*1 OP/P. Ore Metsclech OarrIN North Beccidon. New Yuk 112014859 FINANCIAL TRUST CO INC STATEMENT PERK* February 1.2003 THROUGH February 28.2003 ACCOUNT NUMBER TAXPAYER NUMBER On FIk LAST STATEMENT January 31.2003 OVANTITY 'P.CE DEBIT AMOUNT vizor( Waite -10,000,000 101.43750 10.143.750.00 -10.000.000 101.76953 10,176,953.00 -1,931.000 -398 •1,602,000 -205 -1.388.000 -790 02/ 03 01 03.13:10 001 v6.41 EFTA00195756

CLEARED THROUGH ITS wilekLY OHnE0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New Y New York 10179 8 Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT DATE 02/18/03 TRADE DATE TRANSACTKIN PRINCIPAL DESORPTION FEDERAL HOME LOAN MTG CORP RTES 2530 CLASS SE .030 DUE 02/15/32 INCIPAL REDUCTN 02-15-03 02/18/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP ZEFUES 2530 CLASS SE li.030 DUE 02/15/32 PRINCIPAL REDUCTN 02-15-03 FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI 5.660 DUE 02/15/32 PRINCIPAL REDUCTN 02-15-03 FANNIE MAE CMO/SERIES 2002-82 ra.vo FLTR .697 DUE 10/25/31 INCIPAL REDUCTN 02-25-03 02/18/03 PRINCIPAL 02/25/03 PRINCIPAL 02/28/03 02/03/03 BOUGHT FEDERAL NATIONAL MTG ASS SERIES 2003.16 CLASS JS 10.000% REF # AS OF 85 02/28/03 02/27/03 SOLD FEDERAL NATIONAL MTG ASS SERIES 2003.16 CLASS JS 10.000% 85 02/28/03 02/27/03 SOLD FEDERAL NATIONAL MTG ASS SERIES 2003.16 CLASS JS 10.000‘,, REF # 85 TOTAL Beer. SZeirns S0N•44,1 Dap. Dec Mem:tech CarrIN North Becci0on. New VC* 11201.3859 FINANCIAL TRUST CO INC STATEMENT PERK* February 1.2003 THROUGH ACCOUNT NUMBER February 28.2003 ■ STME/OLCUSIP WNW ',FEE TAXPAYER WIRER LAST STATEMENT DEBIT AMOUNT On File January 31,2003 CROW MONO -1,991,000 -819 -854.394 -381,733 10.000.000 96.31250 9.631,250.00 ACCR. INT. 8,333.33 -1.177.500 96.31250 1,134,079.69 ACCR. INT. 981.25 -1,425,000 96.31250 1,372,453.13 ACCR. INT. 1,187.50 $-29,960,286.33 $22,829,404.57 027 03.01,03:13:10 001 VOA1 EFTA00195757

CLEARED THRCOGH ITS ~MY OnnE0 SUBSIDIARY BffiR STMRNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New Y New York 10179 9 c, Rest. Szeirns 300:thel Dap. Cc* Meecieni Cantu North BA:dom. Ne.re,ix I2DI.38S9 FINANCIAL TRUST CO INC STATEMENT PERKO Penang 1.2003 THROUGH February 28.2003 Transaction Detail (continued) INTEREST ACCOUNT NUMBER TAXPAYER WEBER On Elie LAST STATEMENT January 31.2003 DATE DESCTOPTKON SYMBOUDUSIP OUONMY RATE IY4 CENT AMOUNT CREDIT AMOUNT 02/03/03 AVG BAL 257,707RT 12720 021 OFFICE INTEREST 0 02/18/03 FEDERAL HOME LOAN MTG CORP 1.0000 51,102.22 BMITIr s 000 INTEREST PAYMENT 02-15-03 5fliMS'ntiEtiAL HMET154112Maffirs 5.6600 238.673. SERES 2483 CL SL fglfiklIsieiNT 61Ve03 02/18/03 FEDERAL HOME LOAN MTG CORP wi SERERSm245m0 88 W3340.61%0.03 243.622.75 02/18/03 FEDERAL HOME LOAN MTG CORP 281,470.21 BEIMe2OWS5t030 INTEREST PAYMENT -15-03 02/18/03 FEDERAL HOME LOAN MTG CORP 5.6600 112,728.33 DUE tar S 51660 INTEREST PAYMENT 02-15-03 02125/03 FANNIE MAE CMG/SERIES 2002-82 wa SK-1/13a F,LTR50 " 57.03 135,888.88 TO AL $1.063.614.17 REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stearns& Co.inc. SEOLEMENT TRADE DATE DATE TRat.$z0-}0/1 DE:CRP-ICU 3/1.1DDLCDSIP OLANTITY DEE0T A1.10:pr CREDr A1.100,2 02/20/03 JOURNAL FITM-PR ADPrit 2,602,000.00 02/ O3 01 O3.13:10 091 vG41 EFTA00195758

CLEARED THROUGH ITS NICELY 001E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New Y New York 10179 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) SETTLEMENT DATE 02120U 02/20, 8 TRADE DATE TRANSACTOR DESCRIriCti JOURNAL FRAN 8625MIE 121 31/49 INYEiliftY AVM DUE 12/3 02/28/03 JOURNAL FEDERAL HOME LOAN MTG CORP ES 2488 CLASS SO 02/28 66 0 DLE 1 2 ATM RP OPE RP OPEN 02/281 INTEREST ADP CD DUE 12/3 25 TOTAL $1302.000.00 $12.586.187.59 Ol MITT DEBIT AMOUNT BOR. SzeaTs Sec T*1 COT/ Ore Mevolech Cella North Beccidon. New Ye* 112014859 FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2003 THROUGH February 28.2003 ACCOUNT NUMBER TAXPAYER NUMBER On Fie LAST STATEMENT January 31.2003 CREDIT AMOUNT 2.602.000.00 2.602.000.00 .700.000.00 -42.705,825 3.680.000.00 3.700.000.00 768.78 ■ 021 03 OI 03.1 001 1 EFTA00195759

CLEARED THROUGH ns ?mow, OHNE° SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York New York 10179 Transaction Detail (continued) MISCELLANEOUS DATE MODAY TRANSACTCN DESCRIPTION DENT AMOUNT CREW AP.PUNT 02/13/03 JOURNAL JAN 03 CLEARING FEES 900.00 02/13/03 JOURNAL FNMA-30YR(FNMA)GTD 31203.13 SETT.02/03 5400 DUE 02/01/33 MBS NET 02/131D3 02119/03 JOURNAL FEDERAL HOME LOAN MTG CORP 21800.95 SERIES 2471 CLASS YT 1,000 DUE 03/15/32 PSI TRANSFER 02/21/03 JOURNAL FITG TO ATM 114.135.00 TOTAL $-900.00 $169.239.08 Trades Executed Pending Settlement SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION 04/14/03 01/27/03 BOUGHT S10.100,..CUSP Beer. Saea•ns SONH*I Cot. Cc* Momloch Contof North 8reck/rn. New To* 11201.3859 FINANCIAL TRUST CO INC STATEMENT PERIOD February 1.2003 THROUGH February 28.2003 ACCOUNT NUMBER TAXPAYER NUMBER On Fee LAST STATEMENT January 31.2003 0-ANNT. PRICE DENT AMOUNT CREDIT AMOUNT FNMA-30YR(FNMA)GTD 10,000,000 00 100.6093 10.060.937.50 SETT.04/03 WE 04/01/2033 05.5130,, REF # BS 04114/03 02/04103 BOUGHT FNMA-30YRI FN MA) GT 0 MIT.0403 DUE 04,012033 05,500,:: REF U BS 10,000,000.00 100.9375 10,093.750.00 TOTAL $20.154.687.50 The chore Peon Eo nol (ppm in Tory oilier sabon o1 Iho slaloartet 027 010103:13:10 001 VNt EFTA00195760

CLEARED 1HRWCH nS WHOLLY CIU1E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. New York 10179 Beet Deeds Sedridt Corp. Cato Modica Cella North BecciOon. New Ye* 112014859 FINANCIAL TRUST CO INC ACCOUNT EXECUTIVE GNMA GOVT BOND STATEMENT PERIOD January 1.2003 VISIT OUR WEBSITE wsvw.bearsleams.cOm THROUGH January 31.2003 ACCOUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER MASSER On File LAST STATEMENT December 31.2002 Financial Summary 3 FINANCIAL TRUST CO INC Your Portfolio Holdings 4 CAD JEFFREY EPSTEIN Transaction Detail 6100 RED HOOK QUARTER STE B3 Trades Not Yet Settled 1 1 I ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURITIES THIS PERIOD 22,463,638 Cash 8 Equwalent $517 $24.520 LONG ACCRUED INTEREST 521,898 $22.463.638 Ned_ NET CREDIT BALANCE 517 Income REIRMWRW 5.,F.i n lz-ROP9mrqM $13.715.716 NET EQUITY THIS PERIOD $22,986,053 Current market value {0 Last statements market value NET EQUITY LAST 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 tile for your account. SIM The atnnuld a ofinditocad rams oriy is 0% rientled as a tao downers The stationed should be retailed for yew records See wend NU for rrporlart ricematcn 027 0201.03:15:12 001 t640 EFTA00195761

CLEARED 1NROUON NS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.levolech Cantot North Broeklln• Hew Volt 11201.3859 FINANCIAL TRUST CO INC 2 0l 11 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0201,03:15:12 001 VS40 EFTA00195762

CLEARED THRWOH ITS Yris O95.EO SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York New York 10179 3 c, Cash Flow Analysis THIS PERIOD Income Summary mrs PEW° YEAR TO DATE Opening Balance $24,520.47 Govt. Agency Inl. 954,977.65 954,977.65 Reverse Repurchase Int. 1,326.65 1,326.65 Securities Sold 25.988.373.53 Total $956.304.30 $956,304.30 Dividends Interest 954,977.65 Miscellaneous 14,376,739.01 Bond Purchase Int. -22.648.15 -22,648.15 Amount Credited $41,320.090.19 Securities Bought -25,965,207.77 Portfolio Composition Funds Withdrawn -366.738.00 Cash!Cash Equivalent 517 Dividends Interest Charged -22.648.15 Fired Income 22.463.638 Miscellaneous -14,989,500.00 Total $22,464,155 Amount Debited $-41.344,093.92 Net Cash Activity -24.00333 Closing Balance $516.74 Cash Balance Summary OPENING CLOSINO Margin 24,520.47 516.74 Net Cash Balance $24,520.47 $516.74 Beer. Screams S0C.,44.1 COP. CeoLletsotech Canto North 8n:dor% New Volt 11201.3859 FINANCIAL TRUST CO INC STATEMENT ACRID° January 1.2003 THROUGH January 31.2033 ACCOUNT NUMBER TAXPAYER KINSER On Fee LAST STATEMENT December 31.2002 Your Portfolio Allocation • Fixed Income- 100% UnWooed prawn canoe oat 08,, p, onto. lho.I male wive, The olocom ;events,' is Iron Va obsol.te market rat), 01 )CV polka" 027 0201,03:15:12 001 V64O EFTA00195763

CLEARED THROUGH ITS ripterri OWLE0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 4 c, Your Portfolio Holdings CASH & CASH EQUIVALENTS oTsCRR-iou CASH BALANCE TOTAL CASH & CASH EQUIVALENTS Srmeel CvStP IMPXET ESIIMAIED CURRENT aUINTITY PACE VALUE NWJAL VELD INI 517 $517 FIXED INCOME Government & Agency Obligations DESORPTION SINSOLCUSP ACCT TYPE OUANTITY PRICE MARKET VALLE ACCRUED MEREST ESTEAM197 ANNUAL INCOME WARM YELD IX/ FEDERAL HOME LOAN MTG CORP 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 02/15/2032 .030% FACTOR .9335 10 FEDERAL HOME LOAN MTG CORP MRGN 24,027.354 9.1396 2.196.011 60.122 1.352.740 61.5999 SERIES 2526 CLASS SI DATED DATE 10/01/02 BOOK ENTRY ONLY DUE 02/15/2032 5.630% FACTOR .93356610 FEDERAL HOME LOAN MTG CORP MRGN 61.322,660 2.7360 1.677,757 27,251 613,227 36.5504 SERIES 2471 CLASS YT DATED DATE 06/07/02 BOOK ENTRY ONLY DUE 03/15/2032 1.000% FACTOR .87603800 FEDERAL HOME LOAN MTG CORP MRGN 44,094.615 11.6523 5.138.016 129,935 2.923.473 56.8989 SERIES 2488 CLASS SO DATED DATE 07/08/02 BOOK ENTRY ONLY DUE 03/1512032 630% FACTOR — .8818 30 BHP. Saea•ns SOPA.* Cot. Ore Metroiech CANN North Becchrrn. New Yuk 11201.3859 FINANCIAL TRUST CO INC STATEMENT PER100 January 1.2003 THROUGH January 31.2003 ACCOUNT NUMBER TAXPAYER MAGER On File LAST STATEMENT December 31.2002 027 02.01,03:15:12 001 VEA0 EFTA00195764

CLEARED THROUGH ITS YiHMV OW,E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New Y New York 10179 5 Your Portfolio Holdings (continued) Beer. SZeirn5 SON, t4,1 COP. OtoLletsolech Contof North BecciOon. New To* i201.3SS9 FINANCIAL TRUST CO INC STATEMENT PER/00 January 1.2003 THROUGH January 31.2003 ACCOUNT NUMBER TAXPAYER NULEER On File LAST STATEMENT December 31.2002 Government & Agency Obligations (continued) DESCRPRON SWA3aCUSP TIrr °VAUNT/ PRICE MARC vALLE ACCRUED MEREST ESTE/141El) ANN JAL iNCOLIE CURRGNIT yELD 174 FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SL DATED DATE 07/02/02 BOOK ENTRY ONLY DUE 03/15/2032 5.630% FACTOR — .88189230 Total Government& Agency Obligations MRGN 50,871,897 9.1370 4.648.141 $19,298,477 127,293 $494,721 2.864.088 $11,131,170 61.6179 Corporate Bonds DESCRPTION SIMMOUCUSP ACCT TYPE OLIANTITY PRICE MARKO VALLE ACCRUED MEREST Enemy ANNUAL ROVE MAWR YELD FANNIE MAE CMO/SERIES 2002-82 SK-I/0 FLTR DATED DATE 10/02/02 BOOK ENTRY ONLY DUE 10/25/2031 1697% FACTOR — .97389566 Total CorporateBonds MRGN 24,347,391 13.0000 3.165.161 $3,165,161 27,177 $27,177 1.630,545 $1,630,545 51.5154 TOTAL FIXED INCOME $22,463,638 $521,898 $12,761,715 YOUR TOTAL ACCRUED INTEREST $521,898 YOUR TOTAL ESTIMATED ANNUAL INCOME $12,761,715 YOUR PRICEDPORTFOLIOHOLDINGS $22,464,155 ■ 027 02.01,03:15:12 001 VS40 EFTA00195765

CLEARED THROUGH nS LIHOLLy OHNE0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue NOW Y New York 10179 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSACT/0N 01/14/03 12/04/02 BOUGHT 1/14 OESCRIMON FNMA-30YR(FNMA)GTO SETT.01103 arm SS KR -30Y )f ) Gib SETT.01.03 05.50Cnv # SS AS OF 01)08/03 TO CD. PREVIOUS SELL 01/14/03 12/04/02 CANCEL BUY FNMA-30YR(FNk4A) GTD SETT.01103 05.500% REF # EIS AS OF TO CXL PREVIOUS BUY 01/14/03 01/08/03 SOLD FNMA-30YR(FNMA)GTO SETT.01103 ripm IDUE 01/01/2033 05,500% BS 01/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT 1,000 DUE 03/15/32 PRINCIPAL REDUCTN 01-15-03 MOM ?WEAL HoMET641kitralkls SERIES 2471 CLASS YT 1,000 DUE 03/I5132 PRINCIPAL REDUCTN 01-15-03 01/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SI. 5.580 DUE 03/15/32 PRINCIPAL REDUCTN 01-I5-03 Beer. Stearn SOC.,M1 Cara Ore Metralech Center North Becciorn. New Tux 11201.3859 FINANCIAL TRUST CO INC STATEMENT PERIOD January 1.2003 THROUGH January 31.2003 ACCOUNT NUMBER TAXPAYER YAMMER On FM LAST STATEMENT December S1, 2002 SYMBOL:CUSP GUMMY PRICE DEBT AMOUNT CHEM MOM 10,000,000 100.09375 10.009.375.00 1$,t166.000 101.8867 10.188.671. -10.000.000 100.09375 10,009,375.00 -10.000.000 101 88672 10,188,671.88 -2.344.000 -468 -1.944.000 027 0201,03:15:12 001 V640 EFTA00195766

CLEARED THROUGH ns ?mow, OME0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New York New York 10179 I I I Transaction Detail (continued) INVESTMENT ACTIVITY (continued) SETTLEMENT TRADE DATE DATE TRANSACT/ON OESCRVTION 01/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SL 5,580 DUE 031 5/32 PRINCIPAL REDUCTN 01-I5-03 01/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP ZERIES 2488 CLASS SO 1,580 DUE 03./5/32 PRINCIPAL REDUCTN 01-15-03 01/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP F RIES 2488 CLASS SO 580 DUE 03/15/32 INCIPAL REDUCTN 01-I5-03 01/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2530 CLASS SE 5,980 DUE 02/15/32 PRINCIPAL REDUCTN 01-15-03 01/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2530 CLASS SE 5,980 DUE 02/15/32 PRINCIPAL REDUCTN 01-15-03 01/15/03 PRINCIPAL FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI 5.580 DUE 02/I5/32 PRINCIPAL REDUCTN 01-I5-03 01/30/03 01/27/03 BOUGHT FANNIE MAE CMO/SERIES 2002-82 SK-VO FLTR ria ll OUE 10125/2031 06,697% AS OF 01/27/03 BS ST1A301AUSIP Beer. SZeirns S0N•thel Cot. Ore Metsolech Contof North Beccidon. New To* 11201.3859 FINANCIAL TRUST CO INC STATEMENT PEF000 January 1.2003 THROUGH January 31.2003 ACCOUNT NUMBER TAXPAYER NUMBER On FM LAST STATEMENT NKOMO!! 31,2002 ■ Cowry PRCE DEBIT AMOUNT CHEM MOM -917 -1.685.000 .810 .2.068.000 .44 -887.093 24.347.391 13.00000 3.165,160.89 ACCR. INT. 22.648.15 TOTAL $-23.385,855.92 $20,198.046.88 027 0201,03:15:12 001 V640 EFTA00195767

CLEARED THROUGH ITS 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New Y New York 10179 8 c, Transaction Detail (continued) DEPOSITS AND WITHDRAWALS 01/02/03 FND WIRED DEBIT A1AOLBIT CREDIT AMOUNT WIRED TO 84,854.00 WIRED TO 281,884.00 TOTAL $-366.738.00 INTEREST Beer. SZeirns SON, t4,1 COO. Ore Mevolech CarrIN North Beccidon. New Ye* 11201.3859 FINANCIAL TRUST CO INC STATEMENT PERK* January 1.2003 THROUGH January 31.2003 ACCOUNT NUMBER TAXPAYER AMBER Cfl FIM LAST STATEMENT December 31.2002 DATE DESCRIPTION SYMOCtCLISIP OUNITITY RATE VC) CENT AMOUNT MEDD AMOUNT 01/15/03 FEDERAL HOME LOAN PEG CORP 1.0000 53,055.94 71 S if ivv, Of-W-03 01/15/03 FEDERAL HOME LOAN MTG CORP 5.5800 245,598.18 SERIES 2483 CL SL IHRIErierfENT 051.-5111-03 6171M• MENAI. HMI:MITA A SVAIEN4sliL i etriSIS 51,029. " steam 01/15/03 FEDERAL HOME LOAN MTG CORP 5.9800 289,442.02 ~J SPAIMSc„,„ ot-iran 01/15/03 FEDERAL HOME LOAN MTG CORP 5.5800 115,852.18 BRIVitIOW SS 51,580 INTEREST PAYMENT 01-15-03 TOTAL 9954.977.65 027 0201,03:15:12 001 Y640 EFTA00195768

CLEARED THROUGH n5 vngaly OHNE() SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New Y New York 10179 9 Transaction Detail (continued) REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear,Stearns& Co. Inc. SEM.EMDO TR/DE DATE DATE 01/30/03 crux. TRANSAC11011 DE EC P CU JOURNAL m a 8 625 DUET 31/09 JOURNAL ADP FITA4PR 1/4 01130, INTEREST ADP CD DUE 12/3 25 Beer. Szerrns SOC.nbel COO. Cue Metrairch Center North aro:kW% New VC* 11201.3859 FINANCIAL TRUST CO INC STATEMENT PER100 January 1.2003 THROUGH January 31.2003 ACCOUNT NUMBER TAXPAYER MAGER On Pile LAST STATEMENT December 31.2002 DEBIT AMOUNT CREDIT AMOUNT 2.602.000.00 5.789.000.00 1.326.65 TOTAL $-2.602.000.00 $5.790.326.65 MISCELLANEOUS DATE TRANSACTION MOVAY DESCRIPTION DEBIT AMOUNT 01/02/03 RECEIVED ADP CD 4.000.000.00 DUE 12131/2049 8.625 8,625 8,625 WE 12(31/49 CREDIT AMOUNT 01/02/03 DELIVERED MW CD DUE 1213112049 8.625 FiTM PR 8.625 1.913.94 01/02/03 DELIVERED ADP CD DUE 12/31,2049 8.625 ovittei J6UMAL rtd Y6 riYfvf 4.557.000.00 8,625 • 027 0201,03:15:12 001 VE40 EFTA00195769

CLEARED THRWGH ITS 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New Y New York 10179 10 Transaction Detail (continued) MISCELLANEOUS (continued) DATE LOWY TRANSACTOR 01/14/03 JOURNAL DESCRIPTOR FNMA-30YR(FNMA)GTD SETT,01/03 5.500 DUE 01/01/33 MEG NET 01/14103 01/15/03 JOURNAL DEC 02CLF_ARING FEES 01/16/03 JOURNAL FEDERAL HOME LOAN MTG COFTP SERIES 2471 CLASS YE 1.000 DUE 03/15/32 PSI TRNFR PREM NO 1/16 PREMYWAI6 vie 01/17/03 JOURNAL 61/17 JOJMAL O1/21/03 RECEIVED ADP CD DUE 12/31/2049 8,625 FITIA-PR 8,625 O1/21/03 RECEIVED ADP CD DUE 12/31/2049 8,625 8,625 01/21/03 DELIVERED ADP CD NE 12/31/2049 8.625 8.625 DUE 12( 1/4 01/21/03 DELIVERED ADP CD DUE 12/31,2049 8.625 8.625 01/21/03 DELIVERED ADP CD DUE 12/31/2049 8.625 025 DEED AMOUNT CPEC1T AMOUNT 179,296.88 500.00 22.738.26 600.000.00 1.441.11 4,600,000.00 5.789,000.00 559.67 4.600.000.00 4,600,000.00 027 020I,031 6:12 001 Beer. SZeirns S0N, t4,1 Cap. Ore Mevolech Cella NOM Becci0on. New VC* 11201 3969 FINANCIAL TRUST CO INC STATEMENT PEF000 January 1.2003 THROUGH January 31.2003 ACCOUNT NUMBER TAXPAYER WESER On FIM LAST STATEMENT December 31.2002 VS40 ■ EFTA00195770

CLEARED THRWGH ITS niCkLY 1h.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York New York 10179 Transaction Detail (continued) MISCELLANEOUS (continued) DATE MOM TPANSACTCt% DESCRIPTION DEBT .),ICEIUT CREPT ATAJUNT 01/22/03 JOURNAL FITG TO FITM 413.789.00 TOTAL S.14.989.500.00 $14,376.739.01 Trades Executed Pending Settlement SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPTKIN 02/13/03 01/08/03 BOUGHT FNMA-30YR(FNMA) GTD SETT.02/03 WE 02/01/2033 05.500% REF # 04/14/03 01/27/03 BOUGHT FNMA-30YR(FNMA) GTD SETT.04/03 WE 04/01/2033 05.503, REF # TOTAL The chow Fan do not epees: in con Ong sedge o1 Me :Worm* End of Statement Beer. Saea•ns SON, t4,1 COO. Cr.* Mevolech Center North BecciOon. New Ye* 11201.3859 FINANCIAL TRUST CO INC STATEMENT PERK* January 1.2003 THROUGH January 31.2003 ACCOUNT NUMBER TAXPAYER AmT3ER On File LAST STATEMENT December 31.2002 STM03..CuSP CIPMITY PRICE DEER AMOUNT CREPT MOUNT 10.000.000.00 101A375 10,143,750.00 83 INN 10.000.000.00 100.6093 10,060,937.50 BS $20.204.687.50 027 OZ011031 6:12 001 VS40 EFTA00195771