H nS WHOLLY CIU1E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. New York 10179 Beet Deeds Sedridt Corp. Cato Modica Cella North BecciOon. New Ye* 112014859 FINANCIAL TRUST CO INC ACCOUNT EXECUTIVE GNMA GOVT BOND STATEMENT PERIOD January 1.2003 VI