BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Steams & Co. Inc. 7 el II Ca' This statement is provided to explain Bear, Steams & Co. Inc.'s CBSC1 payment for order flow practices. BSC routes a majority of orders for customer securities vansactions to the primary market for such securities. Or

BEAR STEARNS OFT10E SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 10179 8 a I This statement is provided to explain Bear. Steams & Co. Inc.'s CBSC1 payment for order flow practices. BSC routes a majority of orders for customer securities transactions to the primary market (or such securities.