3ER CR File LAST STATEMENT August 31.2004 Your Portfolio Allocation Cash S Equivalent 2% Undyclecl proms den* debt beam, *Nit, shy, ma•Ro v,Led Ted aloceban perconmo, is de•ued inyn tra 'biota marital value oil palioo YeS3 EFTA00195818 CLEARED THROWN ITS MIPS? OMED SUBSIDIARY BEAR STEARN