CLEARED 1HROUGH NS wilekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, b81 Cap. Ceol.levalech Cantet Noah Broeklln• New Ye* 11201.3859 FINANCIAL TRUST COMPANY INC 2 al 9 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 02,01,05:07:55 001 Y870 EFTA00196924

CLEARED THROUGH ?RIMY 1h.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 3 Cash Flow Analysis THIS PERICO Income Summary DC PERIOD YEAS TO DATE Opening Balance $0.00 Dividends 334,896.00 334.896.00 Credit Balance Int. 1,887.97 1.887.97 Securities Sold 809,475.98 Total $336,783.97 $336,783.97 Money Fund 41,327,043.60 Dividends/Interest 336.783.97 Miscellaneous 475.000.00 Amount Credited $42,948,303.55 Portfolio Composition CashtCash Equivalent 25.574.586 Securities Bought -339.842.12 Equities 37.891.418 Money Fund -781.573.46 Funds Withdrawn -41,750,000.00 Total 563.466.004 Amount Debited $-42.871,415.58 Net Cash Activity 76,887.97 Closing Balance $76.887.97 Sam* Oaf yawners of cash bemoan zoom twos are na inclocka In Ma section: such !masters as yell as auk la a over transactions ens Rao& appear on Tram:oar Dotal. Cash Balance Summary OFF?. r.4 CU0SINO Cash 0.00 76,887.97 Net Cash Balance $0.00 $76.887.97 027 020105:07:55 001 Beer. SZeirns SON, hel Corp. Cr4 Maclech Conte Noah Becck/on. New Tuft 11201.3859 FINANCIAL TRUST COMPANY INC STATEMENT ounce January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER WESER On File LAST STATEMENT December 31.2004 Your Portfolio Allocation / r( Cash & Equivate 41% Equities 59% UnWooecl croons oonme oar beano, onto* Orr male wive, 'rho olocohm ;event'', ts awed hen to obsol.te market rat), or >es patio" 1870 EFTA00196925

CLEARED THROUGH ITS netiCALY OHnE0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 4 Your Portfolio Holdings CASH & CASH EQUIVALENTS MARKET ESTIMATED CURRENT DESCRPTIOtt SWECL 0,SIP QUANTITY PRICE VALUE kNJAL INCOME 03.0 Ill CASH BALANCE 76.888 Beer. Szeirns Seerthet COO. Ore Meet e I cc n Conte/ Noah Becciotn. New Year 11201.3859 FINANCIAL TRUST COMPANY INC STATEMENT PEF000 January 1.2006 THROUGH January 31.2005 ACCCUAT NUMBER TAXPAYER IA.A.SER On File LAST STATEMENT December 31.2004 DREYFUS CASH MANAGEMENT-CL A DICXX INSTITUTIONAL SHARES EST, 30 DAY AVG VELD 2.1700% TOTAL CASH & CASH EQUIVALENTS 25.497.697.67 1.0000 25.497.698 509.954 aocop $25.574,586 $509.954 EQUITIES Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the Firms Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst, The key for the stock rating values is as follows: 0 = Outperform; P = Peer Perform; U = Underperform, The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market Underweight. In cases where a BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed, where such research is available. The various providers have normalized their ratings systems as follows: B = Buy; H = Hold; S = Sell, The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal or investment advice, Bear Steams is neither soliciting any action based on such information. nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons, Independent, third party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost, Customers can access this research at wvv,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them, DESCRPTION SYMECIJCUSIP ACCT TYPE QUANTITY MICE MAKS VALLE ESTRUM) ANNUAL INCOME CURFENT YEW IN4 BEAR STEARNS COMPANIES INC BSC CASH 300.000 101.0600 30.318.000 300.000 0.9895 DEERFIELD TRIARC CAP CORP CASH 1.000.000 Unposed ACCREDITED INVESTORS IFIL(IST FIN ITAL) IFPSF CASH 100.000 4.5820 458.200 8.000 1.7460 EURI INVST CL 027 0201,05:07:55 001 s.870 EFTA00196926

CLEARED THROUGH ns 'rankly OHNE° SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 5 Your Portfolio Holdings (continued) Equities & Options (continued) DESCRPTION SIMBOUDISIP ACCT TOE OUANTITY PACE MARKET VALUE ESTIMATED ANNUAL INCOME DIRRSVT YELL/ IN..) KERZNER INTERNATIONAL LTD KA CASH 10,000 60.3300 603.300 BSC RATING: STOCK P/SECTOR MW NED DAVIS RESEARCH RATING: B TCO INC TOO CASH 50.000 27.1600 1.358.000 BSC RATING: STOCK P/SECTOR MW GARP RESEARCH RATING: B VECTOR GROUP LTD VCR CASH 276.990 16.2400 4.498.318 443,184 9.8522 WYNN RESORTS LTD WYNN CASH 10.000 65.5600 655.600 BSC RATING: STOCK 0/SECTOR MW WALL STREET STRATEGES RATING: 8 Total Equities& Options $37.891,418 $751.184 TOTAL EQUITIES $37.891,418 $751,184 YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME $1,261,138 YOUR PRICED PORTFOLIOHOLDINGS $63.466.004 Beer. Szea•ns SOOMMI COP. Ore Mevoiech Cant“ Noah Becckron, New Year 112014859 FINANCIAL TRUST COMPANY INC STATEMENT PERM January 1.2005 THROUGH January 31.2035 ACCOUNT NUMBER TAXPAYER NUMBER On FM LAST STATEMENT December 31.2004 027 020105:07:55 001 Y870 EFTA00196927

CLEARED THROWN ITS totsCLLY CAMLE0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 6 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE SIANSACTKIN 01/03/05 12/29/04 BOUGHT OESCRIPTION KERZNER INTERNATIONAL LTD AVG PRICE SHOWN-DETAILS ON REO ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED 01/03/05 12/29/04 SOLD VECTOR GROUP LTD UNSOLICITED SEE NOTE'S ON BACK TOTAL DEPOSITS AND WITHDRAWALS DerE TRANSACT Ct4 010305 FND WIRED MOM ENDS WIRED TO IDESCRPhCrI Beer. Sztta•os SOOrrher GNP. Ore Methriech Cardoc Noah Becciorn. New vox 11201.3859 FINANCIAL TRUST COMPANY INC STATEMENT PERK* January 1.2005 THROUGH January 31.2035 ACCOUNT NUMBER TAXPAYER wurnER On File LAST STATEMENT December 31.2004 ■ smock:cuss. CVAIGIlY PRICE DEBIT AMOUNT CREDIT ANVUNT KZL VGR 5.600 -50,000 60.62520 16.25000 339,842.12 809,475.98 $339.842.12 $809,475.98 DEBIT AMOUNT CREDIT AMOUNT 01/03/05 FND WIRED 20.000.000.00 NDS WIRED TO BOOK 20.000.000.00 01/05/05 FND WIRED MD NDSWIRED TO 01/06/05 FND WIRED 1.000.000.00 MDA# DSWIRED TO 800000 750.000.00 TOTAL $-41,750,000.00 027 020105:07:55 001 Y870 EFTA00196928

CLEARED THROUGH nS ?mow, GH5E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 7 /iv Transaction Detail (continued) MONEY FUND ACTIVITY 808f. Szea•ns S0NUMIGNP. Ore Montech Cantm Noah 8.0900. New Yu* 11201.3859 FINANCIAL TRUST COMPANY INC STATEMENT PERK* January 1.2006 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER KAMER On File LAST STATEMENT December 31.2004 DATE moon TRENSACTICN DESOIIMEN 5") MEG( CVSi P owmny PRtE 003IT AMOUNT CREDIT AMOUNT 01/01/05 OPENINGBALANCE 65.990.490.35 01/03/05 SOLD DREYFUS CASH MANAGEMENT-CL A DICXX -40.000.000 1.0000 40.000.000.00 INSTITUTIONAL SHARES 01/03/05 REINVEST DREYFUS CASH MANAGEMENT-CL A DICXX 52,677.46 52,677.46 INSTITUTIONAL SHARES DIVIDEND REINVEST 01/03/05 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DIC)C< 52,677.46 INSTITUTIONAL SHARES AMT INCLUDED IN 2004 - 1099 01/05/05 SOLD DREYFUS CASH MANAGEMENT-CL A Dien( -524.366.14 1.0000 524,366.14 INS11TUTIONAL SHARES 01/06/05 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICXX 728.896 1.0000 728,896.00 INS11TUTIONAL SHARES 01/06/05 SOLD DREYFUS CASH MANAGEMENT-CL A DICXX -750.000 1.0000 750.000.00 INS11TUTIONAL SHARES 01/31/05 CLOSINGBALANCE 25.497.697.67 TOTAL $-781.573.46 $41.327.043.60 DIVIDENDS DATE DESCRIPTION 01/03/05 MBNA CORP REC 12/15/04 PAY 01/01/05 SnATOUCUMP KRB OUANTin RATE 'Et 50.000 0.1200 CENT AMOUNT CREDIT AMOUNT 6,000.00 01/06/05 WALT DISNEY CO HOLDING CO DIS 1,057,900 0.2400 253.896.00 REC 12/10104 PAY 01/06.05 027 O2O1,O5:O7:55 001 v87O EFTA00196929

CLEARED THRWGH ITS vniKLY 091.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 8 Transaction Detail (continued) DIVIDENDS (continued) DYE DESORPTION STMEIWCUSIP °AMITY RATE IN 01/28/05 BEAR STEARNS COMPANIES INC BSC 300,000 0.2500 REC 01/14/05 PAY 01/28.05 CENT AMOUNT Beer. NANA& SODA& GNP. Ore Metniech CANN Noah Becdoon. New TAD 11201.3859 FINANCIAL TRUST COMPANY INC STATEMENT PERK* January 1.2005 THROUGH January 31.2005 ACCOUNT NUMBER TAXPAYER WINER On FIk LAST STAMM& December 31.2004 CREW AMOUNT 75,000.00 TOTAL $334,896.00 INTEREST DATE DESORPTION 01/21/05 INTER SIT BALANCE ACCT AT 01 0-01120 SYMEIOLCUSIP OUPATITY RATE Iv.) DEBIT AMOUNT CREDIT AMOUNT 1,887.97 TOTAL $1.887.97 MISCELLANEOUS DATE LCD& !RANSACKS.' DESCRIPTION DEBIT AMOUNT CREW AMOUNT 01/05/05 JOURNAL JOURNAL FROM TYPE 2 TO 1 6,000.00 01/05/05 JOURNAL FROM 150,000.00 01/05/05 JOURNAL FROM 325,000.00 01/05/05 JOURNAL JOURNAL FROM TYPE 2 TO 1 6,000.00 01/06/05 JOURNAL JOURNAL FROM TYPE 2 TO 1 253,896.00 01/06/05 JOURNAL JOURNAL FROM TYPE 2 TO 1 253,896.00 TOTAL $-259.896.00 $734,896.00 027 02.01,05:07:55 001 Y870 EFTA00196930

CLEARED THRano Ns nor? OunE0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Note York 10179 9 Trades Executed Pending Settlement SEMEIAENT TRADE DATE DATE 02/01/05 01/27/05 BOUGHT 1:O4S4;,i13`l prION SY1A3011CLISV Beer. Szeirns SON, b91 00,0 Dec Momtech eardet Noah Beccidon. New Tux 11201.3859 FINANCIAL TRUST COMPANY INC STATELIER, PER000 January 1.2005 THROUGH January 31.2005 AccouNT NUMBER TAXPAYER ATJUSER On File LAST STATEMENT December 31,2004 CAPARITY PRICE DEBIT AMOUNT CHEM AMOUNT COLGATE PALMOLIVE CO CL 200,000.00 52.4197 10,495,945.00 UNSOLICITED TOTAL $10,495,945.00 $0.00 Tno ao . roans cin 001 agent In any olh scabn al ma mammon. End of Statement 027 1:0/01108,07:85 001 V870 EFTA00196931