3 REPURCHASE AND REVERSE REPURCHASETRANSACTIONS with Bear,Stearns& Co. Inc. SETTLEMENT TRACE DATE DATE TRMISACTION DESORPTION SYMBOL.tlz$1P CCANTITI DEBIT AMOUNT CREDIT AMOUNT 06/20/03 JOURNAL UNITED I RY NOTE FRG 3,000 RP TERM TERM 10,000.000 10,125,000.00 027 0628033:11:18 001 V8

0.000.00 MANAGEMENT INSTL SH 11/29/02 CLOSINGBALANCE 3,415,034.41 TOTAL $-1,404.488.99 54.488.99 DIVIDENDS DATE CESCRIPTION STME/CIJCVSIP CCANTITI RATE lo 10/31/02 FELCOR LODGING TRUST INC FCH 2.000 0.1500 REC 10HOD2 PAY 10/3I/02 DEBIT AMOUNT CREDIT AMOUNT 300.00 027 I U3002:14:25 03

.000 0.2000 2,000.00 TOTAL $3.440.00 INTEREST De-e DESORPTION 0S'21/03 INTEREST ON CREDIT BALANCE AT 0 ii2k, 07:21 THRU 08:20 SYMECLOiree CCANTITI RATE 14 0.5000 CENT AVOW!' VRECIT MAC(1141 10.77 TOTAL $10.77 End of Statement 027 0820.03:13:45 001 1,112 EFTA00200760 CLEARED THROUGH