EFTA00195535

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

## What’s In This Statement

<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>

Financial Summary 1

Your Portfolio Holdings ... 1





<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



CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY



<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

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

<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>

AGCOUNT NUMBER

| LAST STATEMENT | December 30, 2005 |

| :--- | :--- |

THROUGH March 31, 2006

TAXPAYER NUMBER On File

STATEMENT PERIOD March 1, 2006

## Portfolio Composition

FINANCIAL TRUST CO INC

| SHORT | LONG |

| :--- | :--- |

CASH & CASH EQUIVALENTS

## 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>CASH BALANCE</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td></td><td></td><td></td></tr></tbody></table>

| SIPC | 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. |
| :--- | :--- |
| 027 | 04/01/06:10:28 001 | V906 |

EFTA00195536



CLEARED THROUGH ITS
WHOLLY OWNED SUBSIDIARY




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

FINANCIAL TRUST CO INC

STATEMENT BACKER IS PRINTED ON THIS PAGE

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EFTA00195537