Financial record, 2002-11

EFTA00195043¶

OFFICE SERVICING YOUR ACCOUNT¶

Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶

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| ACCOUNT EXECUTIVE | ZICHERMAN, IRA |¶

| TELEPHONE | |¶

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

What’s In This Statement¶

Financial Summary 3¶

Your Portfolio Holdings … 3¶

Transaction Detail … 5¶

Fund Activity 5¶

EPSTEIN INTERESTS

DTD 12/26/91

JEFFERY E EPSTEIN & MARK L *

EPSTEIN & WILLIAM ELKUS TTEES

457 MADISON AVENUE 4TH FLR

NEW YORK NY 10022-6843

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSIDIARY¶

Your Portfolio at a Glance¶

NET CREDIT BALANCE	23,394
MONEY MARKET FUND BALANCE	911,251
NET EQUITY THIS PERIOD	$934,645
NET EQUITY LAST STATEMENT	933,311
CHANGE SINCE LAST STATEMENT	1,333

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

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

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

| LAST STATEMENT | October 25, 2002 |¶

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EPSTEIN INTERESTS¶

TAXPAYER NUMBER On File¶

STATEMENT PERIOD October 26, 2002¶

Market Value of Your Portfolio¶

ACCOUNT NUMBER¶

THROUGH November 29, 2002¶

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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EFTA00195044¶

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¶

027¶

EFTA00195045¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶

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Cash Flow Analysis¶

	THIS PERIOD
OpeningBalance	$23,373.37
Money Fund	1,312.59
Dividends/Interest	20.29
Amount Credited	$1,332.88
Money Fund	-1,312.59
Amount Debited	$-1,312.59
Net Cash Activity	20.29
ClosingBalance	$23,393.66

Cash Balance Summary¶

	OPENING	CLOSING
Cash	23,373.37	23,393.66
Net Cash Balance	$23,373.37	$23,393.66

Income Summary¶

	THIS PERIOD	YEAR TO DATE
Dividends	1,312.59	11,250.73
Credit Balance Int.	20.29	6,831.15
Total	$1,332.88	$18,081.88

Portfolio Composition¶

Cash/Cash Equivalent	934,645
Total	$934,645

Your Portfolio Holdings¶

CASH & CASH EQUIVALENTS¶

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
CASH BALANCE				23,394

027¶

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSIDIARY¶

Bear, Steams Securities Corp.¶

One Metratech Center North Brooklyn, New York 11201-3859¶

EPSTEIN INTERESTS¶

STATEMENT PERIOD October 26, 2002¶

THROUGH November 29, 2002¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | October 25, 2002 |¶

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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.¶

EFTA00195046¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶

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Your Portfolio Holdings (continued)¶

CASH & CASH EQUIVALENTS (continued)¶

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
BEAR STEARNS PRIME MONEY	BSMXX	911,250.73	1.0000	911,251	12,758	1.4001
MARKET PORTFOLIO CL Y DIVIDEND REINVESTED
TOTAL CASH & CASH EQUIVALENTS				$934,645	$12,758

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
Total Equities&Options					$0	$0
TOTAL EQUITIES					$0	$0

YOUR TOTAL ESTIMATED ANNUAL INCOME	$12,758
YOUR PRICED PORTFOLIOHOLDINGS	$934,645

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

EPSTEIN INTERESTS¶

STATEMENT PERIOD October 26, 2002¶

THROUGH November 29, 2002¶

AGCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | October 25, 2002 |¶

| :--- | :--- |¶

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11/30/02;14:25 001¶

EFTA00195047¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶

CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶

Bear, Steams Securities Corp.¶

One Metratech Center North¶

Brooklyn, New York 11201-3859¶

5 of 5¶

EPSTEIN INTERESTS¶

Transaction Detail¶

STATEMENT PERIOD October 26, 2002¶

THROUGH November 29, 2002¶

MONEY FUND ACTIVITY¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | October 25, 2002 |¶

| :--- | :--- |¶

DATE MO/DAY	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
10/26/02		OPENINGBALANCE		909,938.14
11/01/02	DIVIDEND	BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y RECORD 10/31/02 PAY 10/31/02	BSMXX				1,312.59
11/01/02	REINVEST	BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y REINVEST PRICE $ 1,00	BSMXX	1,312.59		1,312.59
11/29/02		CLOSINGBALANCE		911,250.73
TOTAL						-1,312.59	$1,312.59

INTEREST¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
11/21/02	INTEREST ON CREDIT BALANCE AT 0 3/4% 11/06 THRU 11/20			0.7500		7.30
11/21/02	INTEREST ON CREDIT BALANCE AT 1 1/4% 10/21 THRU 11/05			1.2500		12.99
TOTAL						$20.29

******* End of Statement*******¶

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