CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Neste York 10179 4 c, Your Portfolio Holdings CASH & CASH EQUIVALENTS otscan-ion CASH BALANCE TOTAL CASH & CASH EQUIVALENTS S•MECL CL/StP MARKET ESTIMA

38 CLEARED THRWGH ITS ?RIMY 0"ED SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York, Neste York 1O179 6 cl Your Portfolio Holdings (continued) YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $119,537 YOUR PRICED PORTFOLIOHOLDINGS $4,426,431