Owed km de absolute market value VSOS EFTA00197818 B STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 4 CLEARED THRouGH ITS volOrl CnInE0 SONOMA'', Beef Sean INSTITUTIONAL INTERESTS Ate #2 STATEMENT PERIOO May 31.2003 Your Portfolio Holdings THROUGH ACCOUNT NUMBER June 27.2003 CASH & CASH