ESER On File LAST STATEMENT November 28. 2003 Your Portfolio Allocation UnsPaOatl potions deo* debt bane, *Nit, shy, market vacs. he alocabor. percenm-ie is de•ued Item to absolute marital value of >ay Dario" Y818 EFTA00195621 CLEARED THRWGH ITS niCkLY OHnEO SUBSIDIARY BEAR STEARNS OFFICE SERV