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LandTel

600 Madison Avenue

25th Floor

New York, NY 10022





<table border="1"><tr><td>To:</td><td>Jeffrey Epstein</td><td>From:</td><td>Laurence S. Zimmerman
E-mail:</td></tr><tr><td>Fax:</td><td></td><td>Pages:</td><td></td></tr><tr><td>Phone:</td><td></td><td>Date:</td><td>December 13,2001</td></tr><tr><td>Re:</td><td></td><td></td><td></td></tr></table>

Jeff:

As per the executed term sheet, attached please find the collateral that will be used for the bridge loan.

If you have any questions, please feel free to call me.

Laurence

EFTA00128651



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# CONFIDENTIAL

P066 Govt DES

SECURITY DISPLAY

US TREASURY N/B T 5 % 02/15/06 105-3+ /105-4+ (< 4.35 /34) BGN @14:59

<table><thead><tr><th colspan="2">REDEMPTION INFO</th></tr></thead><tbody><tr><td>MATURITY DT</td><td>2/15/06</td></tr><tr><td>NEXT CALL DT</td><td></td></tr><tr><td>WORKOUT DT</td><td>2/15/06</td></tr><tr><td>RISK FACTOR</td><td>4.14</td></tr></tbody></table>