## Statements

EFTA00195524

OFFICE SERVICING YOUR ACCOUNT
Bear, Stearns & Co. Inc.
383 Madison Avenue
New York, New York 10179

<table><tr><td>ACCOUNT EXECUTIVE</td><td>GNMA GOVT BOND</td></tr><tr><td>VISIT OUR WEBSITE</td><td>www.bearstearns.com</td></tr></table>

## What’s In This Statement

Financial Summary 1

Your Portfolio Holdings ... 1

Your Messages ... 2





<table border="1"><tr><td>FINANCIAL TRUST CO INC</td></tr><tr><td>C/O JEFFREY EPSTEIN</td></tr><tr><td>6100 RED HOOK QUARTER</td></tr><tr><td>ST B3</td></tr><tr><td>ST THOMAS VI 00802</td></tr></table>

Cash Flow Analysis

<table border="1"><tr><td></td><th>THIS PERIOD</th></tr><tr><td>Opening Balance</td><td>-0.02</td></tr><tr><td>Closing Balance</td><td>-0.02</td></tr></table>

## Cash Balance Summary



CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY



<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Margin</td><td>-0.02</td><td>-0.02</td></tr><tr><td>Net Cash Balance</td><td>$-0.02</td><td>$-0.02</td></tr></table>

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

## Portfolio Composition

FINANCIAL TRUST CO INC

| SHORT | LONG |

| :--- | :--- |

STATEMENT PERIOD December 1, 2006

| LAST STATEMENT | September 29, 2006 |

| :--- | :--- |

ACCOUNT NUMBER

CASH & CASH EQUIVALENTS

TAXPAYER NUMBER On File

THROUGH December 29, 2006

If any information regarding 2006 interest, dividends, miscellaneous income, gross proceeds or original issue discount is required to be reported to the IRS for this account, a Consolidated Form 1099 will be mailed to you by January 31, 2007 or a 1042S by March 15, 2007.

## Your Portfolio Holdings

<table><thead><tr><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>PRICE</th><th>MARKET VALUE</th><th>ESTIMATED ANNUAL INCOME</th><th>CURRENT YIELD (%)</th></tr></thead><tbody><tr><td colspan="7">CASH BALANCE</td></tr><tr><td colspan="7">TOTAL CASH &amp; CASH EQUIVALENTS</td></tr></tbody></table>

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.

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EFTA00195525



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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

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## Your messages



As part of the National Association of Securities Dealer's (NASD) Investor Education Program, you may obtain information on the NASD's Public Disclosure Program by contacting the NASD at telephone number (800) 289-9999 or via the internet address which is www.nasdr.com. In addition, a brochure explaining the Public Disclosure Program is available from the NASD upon request.





******* End of Statement*******





CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY





Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859



FINANCIAL TRUST CO INC

STATEMENT PERIOD December 1, 2006

027

THROUGH December 29, 2006



ACCOUNT NUMBER



TAXPAYER NUMBER On File

| LAST STATEMENT | September 29, 2006 |

| :--- | :--- |



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V003


EFTA00195526



CLEARED THROUGH ITS
WHOLLY OWNED SUBSIDIARY



3 of 3

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

FINANCIAL TRUST CO INC

STATEMENT BACKER IS PRINTED ON THIS PAGE

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12/30/06:09:23 001