New 11c7k 11201.3859 EPSTEIN INTERESTS STATEMENT PERIOD OCIOIMI 1.2005 THROUGH Water 31.2005 ACCOUNT NUMBER TAXPAYER NMSER NAM LAST STATEMENT SMNERTitet 30.2005 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the Firm's Equity Research Depart