T.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Path Avenue New York. New York 10167 2 Your messages Bear, Stearns Securities Corp. Net Capital and Net Capital Requirements: At November 30, 2000 and January 26, 2001, the Companys net capital of $2,620,960,000 and $2,761,817,000 was approx

O SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 245 Park Avenue New York. New York 10167 7 v/ Your messages Bear, Stearns Securities Corp. Net Capital and Net Capital Requirements: At November 30, 2000 and January 26, 2001, the Companys net capital of $2,620,960,000 and $2,761,817,000 was approx