Financial record, 2001-06

EFTA00195009¶

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167¶

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSIDIARY¶

| | |¶

| :--- | :--- |¶

| ACCOUNT EXECUTIVE | ZICHERMAN, IRA |¶

| TELEPHONE | |¶

| VISIT OUR WEBSITE | www.bearstearns.com |¶

Financial Summary 3¶

Your Portfolio Holdings … 3¶

Transaction Detail … 4¶

What’s In This Statement¶

Your Messages … 5¶

EPSTEIN INTERESTS
DTD 12/26/91
JEFFERY E EPSTEIN & MARK L	$\cdot$
EPSTEIN & WILLIAM ELKUS TTEES
457 MADISON AVENUE 4TH FLR
NEW YORK NY 10022-6809

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

EPSTEIN INTERESTS¶

ACCOUNT NUMBER¶

STATEMENT PERIOD May 26, 2001¶

THROUGH June 29, 2001¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | May 25, 2001 |¶

| :--- | :--- |¶

Your Portfolio at a Glance¶

TOTAL VALUE OF SECURITIES THIS PERIOD*	700,000
NET CREDIT BALANCE	12,712
NET EQUITY THIS PERIOD	$712,712
NET EQUITY LAST STATEMENT	690,909
CHANGE SINCE LAST STATEMENT	21,803

*This portfolio includes one or more unpriced securities that are not reflected in the Total Value of Securities and the Net Equity This Period.¶

There are no “Stop Loss” orders or other pending buy or sell open orders on file for your account.¶

Market Value of Your Portfolio¶

Please note: You may find more than one statement in this envelope. Beginning this month, all statements with the same Address and Social Security number / Taxpayer Identification number are being mailed in one envelope. For further details, please contact your account executive.¶

Important Message¶

Please report any difference or non-receipt of checks or stocks, indicated as delivered to you, to Client Services at 800-634-1428; or write to Client Services at Bear, Steams Securities Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3859.¶

This summary is for informational purposes only. It is not intended as a tax document.¶

This statement should be retained for your records. See reverse side for important information.¶

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶

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Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859¶

EPSTEIN INTERESTS¶

STATEMENT BACKER IS PRINTED ON THIS PAGE¶

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BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167¶

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Cash Flow Analysis¶

	THIS PERIOD
OpeningBalance	$10,159.29
Dividends/Interest	2,552.82
Amount Credited	$2,552.82
Net Cash Activity	2,552.82
ClosingBalance	$12,712.11

Cash Balance Summary¶

	OPENING	CLOSING
Cash	10,159.29	12,712.11
Net Cash Balance	$10,159.29	$12,712.11

Income Summary¶

	THIS PERIOD	YEAR TO DATE
Dividends	2,520.00	4,760.00
Credit Balance Int.	32.82	209.77
Total	$2,552.82	$4,969.77

CASH & CASH EQUIVALENTS¶

Your Portfolio Holdings¶

Portfolio Composition¶

Cash/Cash Equivalent	12,712
Equities	700,000
Total	$712,712

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME
CASH BALANCE				12,712
TOTAL CASH & CASH EQUIVALENTS				$12,712

027¶

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

06/30/01;23:28 001¶

EPSTEIN INTERESTS¶

STATEMENT PERIOD May 26, 2001¶

THROUGH June 29, 2001¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | May 25, 2001 |¶

| :--- | :--- |¶

Your Portfolio Allocation¶

Unshaded portions denote debit balance and/or short market values. The allocation percentage is derived from the absolute market value of your portfolio.¶

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BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167¶

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Your Portfolio Holdings (continued)¶

EQUITIES¶

Equities & Options¶

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
BANPAIS SA-SPONSORED ADR REPSTG 6 SER L SHS	BPIBY	CASH	20,000	Unpriced
JOHNSON & JOHNSON Total Equities& Options	JNJ	CASH	14,000	50.0000	700,000	10,080	1.4400
					$700,000	$10,080
TOTAL EQUITIES					$700,000	$10,080

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSIDIARY¶

YOUR TOTAL ESTIMATED ANNUAL INCOME	$10,080
YOUR PRICED PORTFOLIOHOLDINGS	$712,712

Bear, Steams Securities Corp.¶

One Metratech Center North¶

Brooklyn, New York 11201-3859¶

INVESTMENT ACTIVITY¶

Transaction Detail¶

EPSTEIN INTERESTS¶

STATEMENT PERIOD May 26, 2001¶

THROUGH June 29, 2001¶

ACCOUNT NUMBER¶

| LAST STATEMENT | May 25, 2001 |¶

| :--- | :--- |¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
06/18/01	06/13/01	BOUGHT	JOHNSON & JOHNSON STK SPLIT ON 7000 SHS REC 05/22/01 PAY 06/12/01	JNJ	7,000

TAXPAYER NUMBER On File¶

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V481¶

EFTA00195013¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167¶

CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

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EPSTEIN INTERESTS¶

Transaction Detail (continued)¶

STATEMENT PERIOD May 26, 2001¶

DIVIDENDS¶

THROUGH June 29, 2001¶

AGCOUNT NUMBER¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	DEBIT AMOUNT	CREDIT AMOUNT
06/12/01	JOHNSON & JOHNSON	JNJ	7,000	0.3600		2,520.00
	REC 05/22/01 PAY 06/12/01
TOTAL						$2,520.00

| LAST STATEMENT | May 25, 2001 |¶

| :--- | :--- |¶

TAXPAYER NUMBER On File¶

INTEREST¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
06/21/01	INTEREST ON CREDIT BALANCE AT 3 1/2% 05/21 THRU 06/20			3.5000		32.82
TOTAL							$32.82

Your messages¶

Confirmation:¶

Unless we hear from you to the contrary. It is our understanding that any free credit balances in your account are being maintained to facilitate your intention to invest such amounts through us.¶

******* End of Statement*******¶

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