9 EFTA00011153 --- PAGE BREAK --- BEAR STDIRNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 6 Your Portfolio Holdings (continued) Municipal Bonds conbnucd) DESCRIPTION METROPOLITAN ITIPNSN AUTH N Y REV RIDG-SER D-2 DATED DATE 083802 EOM ENTRY ONLY FSA INSURED WE 11/01/2032 3370% RATING

for standardized performance information on each mutual fund in your account.Past performance is no guarantee of future returns. The cost basis for Municipal Bonds that are pending settlement includes accrued interest. Accrued Interest is not included in the unrealized gaireloss calculations. Therefore. the mar