NT TO THE TRUTH IN LENDING SEC RULE 106-16 Effective as of November 15. 2002. the annual rate of interest charged on any credit extended to you by Bear Steams Securities for the purpose of purchasing, carrying a trading In any security or other property shall be based on either the Bear Steams Margin Basis Rate. th

mined by Bear Stearns Securities based upon daily closing prices or quotations provided by pricing services, as applicable, or upon such factors as Bear Steams Securities in its sae judgement deems pertinent• Please note that the other sections of the Truth-in-lending' disclosure previously provided to you remain unc