arch at vAvvr.bearstearns.com or can call (800) 517-2327 to request that a copy of this research be sent to them. ACC! MARKET ESTS141E0 CURFENT DESCRPSON SAISCPWSIP PPE imam PRCE VALIR ANNAN. INCOIAE YEW I BANPAIS SA-SPONSOREDADR BPIBY CASH 20,000 Unwired REPSTG 6 SER L SHS Total Equities

cost. Customers can access this research at wvAv.bearsteams.com or can call (800) 517.2327 to request that a copy of this research be sent to them. DESCRPSON APPLE INC AAPL CASH BSC RATING: STOCK CVSECTOR MW BOYARS ALTERNATIVE %%WONT RATING: S ACCT SYMECECUSIP TYPE OUANSTT PRCE MOM ESTIMATED

arns & Co. Inc. 383 Madison Avenue New York Non York 10179 4 c/ Transaction Detail DEPOSITS AND WITHDRAWALS DATE TRANSACT= 05/23/03 DEPOSIT DESCRPSON BKONEER ES CO HERITAGE SOS CHASE DEBIT AMOung CREDIT AMOUNT 141.86 TOTAL $141.86 End of Statement 027 DS,21,01:16:30 001 Beer. SZeirns S0

Co. Inc. 383 Madison Avenue New York, New York 10179 5 c/ Transaction Detail (continued) DEPOSITS AND WITHDRAWALS (continued) DATE TRANSACT= DESCRPSON DEBIT AMOusr CREDIT AMOUNT 03/29/04 DEPOSIT SEC AND EXCH COMM CRAWFORD 36.67 00 INTERN CHRITABLE BK OF THE WEST TOTAL 8-5,000,000.00 $27,3

OLOINGSESTIMATED ANNUAL INCOME $392.996 YOUR PRICED PORTFOLIOHOLDINGS $15,115,246 Transaction Detail DEPOSITS AND WITHDRAWALS RATE TRANSACT0% DESCRPSON 05/05/05 DEPOSIT COLUMBIA CA HLTHCARE CORP 00 INTERN CHARITABLE STERLING NAT NO 5/4 DEBIT AIA0uNr CREDIT MAGUNT 229.34 TOTAL 5229.34 MONEY

ced TALPHET ESTIMATED Q. IT yALuE ANNUAL INCOLIE yap IT4 so so TOTAL EQUITIES so so FIXED INCOME Government & Agency Obligations ACCT DESCRPSON SThWICUSP TYPE FEDERAL HOME LOAN MTG CORP MRGN SERIES 2530 CLASS SE DATED DATE 10/11/02 BOOK ENTRY ONLY DUE 0271S2032 6,161% FACTOR — .30594

8.2004 THROUGH March 31.2004 ACCOUNT NUMBER TAXPAYER MAGER On File LAST STATEMENT February 27.2004 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRPSON STAIBECCUSIP OUNGITY OMIT AMOUNT CREDIT AMOUNT 03/08/04 JOURNAL FEDL HOME LOAN MM CORD#503602 3,057,097 2,376,000.00 SERIES 223 CLASS PO D

NT 11-25.03 TOTAL $637,878.91 REPURCHASE AND REVERSE REPURCHASETRANSACTIONS with Bear,Stearns& Co.Inc. SET'LEMEM TRADE DVE DATE TRANSACTION DESCRPSON 11105.1. JOURNAL ADP CD FITM-PR SYMBCLCUSIP OUANTITY OMIT AMOUNT CREDIT AMOUNT 11/05/03 11/05: JOURNAL ADP CD FITM-PR JOURNAL ADP CD F