Y EPSTEIN STATNIENT PERIOD December 30.2006 natans krua-7 11.2007 ACOCON %OMER TAXPAYER MIRE* On Me ENT STANDEN December 29.2016 C)0 -n pm DESCREDON SIINOUCUSIP CWNIIV MN IA DINT Al/CON1 ENDO NNW 01/16(07 GLPACHER REALTY TRUST-SRI CASH OW ON 2003 SHS REC 12/29106 PAY 01/18/07 AMOUNT INCL

cost, Customers can access this research at wiv.bearsteams.com or can call (800) 517-2327 to request that a copy of this research be sent to them. DESCREDON BANK OF AMERICA CORP BSC RATING: STOCK 0/SECTOR MW NAB. RESEARCH. L.L.C. RATING: B ACCT MARKET ESTIMATED CURRENT SYMEICIAVSIP IYPE OUANI1T

SERVICING YOUR ACCOUNT Bear. Stearns & CO. Inc. 383 Madison Avenue New York New York 10179 4 o Your Portfolio Holdings CASH & CASH EQUIVALENTS DESCREDON CASH BALANCE SYMEICIJCUSIP CIUMMTY PRICE WW1 ESTIMATED ESTIMATED VALUE ANIMAL NOME VELD 194.330 DREYFUS CASH MANAGEMENT-CL A DIC)C( INST