EFTA00195609

<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 3

Your Portfolio Holdings ... 3

<table><tr><td>Transaction Detail</td><td>4</td></tr></table>





<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>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSDIARY



## Your Portfolio at a Glance



<table border="1"><tr><td>NET CREDIT BALANCE</td><td>46,902</td><td>Cash &amp;</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$46,902</td><td></td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>138,324</td><td></td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>-91,422</td><td></td></tr></table>

ACCOUNT NUMBER

TAXPAYER NUMBER On File

| LAST STATEMENT | February 28, 2006 |

| :--- | :--- |

FINANCIAL TRUST CO INC

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

STATEMENT PERIOD March 1, 2006

THROUGH March 31, 2006

Market Value of Your Portfolio

| 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. |
| :--- | :--- |
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STATEMENT BACKER IS PRINTED ON THIS PAGE

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Cash Flow Analysis

<table border="1"><tr><td></td><td>THIS PERIOD</td></tr><tr><td>OpeningBalance</td><td>$138,323.99</td></tr><tr><td>Dividends/Interest</td><td>406.26</td></tr><tr><td>Miscellaneous</td><td>46,494.27</td></tr><tr><td>Amount Credited</td><td>$46,900.53</td></tr><tr><td>Miscellaneous</td><td>-138,323.00</td></tr><tr><td>Amount Debited</td><td>$-138,323.00</td></tr><tr><td>Net Cash Activity</td><td>-91,422.47</td></tr><tr><td>Closing Balance</td><td>$46,901.52</td></tr></table>

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Margin</td><td>138,323.99</td><td>46,901.52</td></tr><tr><td>Net Cash Balance</td><td>$138,323.99</td><td>$46,901.52</td></tr></table>

Income Summary

<table border="1"><tr><td></td><td>THIS PERIOD</td><td>YEAR TO DATE</td></tr><tr><td>Credit Balance Int.</td><td>406.26</td><td>820.76</td></tr><tr><td>Total</td><td>$406.26</td><td>$820.76</td></tr></table>

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>46,902</td></tr><tr><td>Total</td><td>$46,902</td></tr></table>

## Your Portfolio Holdings

CASH & CASH EQUIVALENTS

<table border="1"><tr><td>DESCRIPTION</td><td>SYMBOL/CUSIP</td><td>QUANTITY</td><td>PRICE</td><td>MARKET VALUE</td><td>ESTIMATED ANNUAL INCOME</td><td>CURRENT YIELD(%)</td></tr><tr><td>CASH BALANCE</td><td></td><td></td><td></td><td>46,902</td><td></td><td></td></tr><tr><td>TOTAL CASH&amp;CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$46,902</td><td></td><td></td></tr></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSDIARY



027



FINANCIAL TRUST CO INC

STATEMENT PERIOD March 1, 2006

THROUGH March 31, 2006



ACCOUNT NUMBER



TAXPAYER NUMBER On File

| LAST STATEMENT | February 28, 2006 |

| :--- | :--- |

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.

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CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY



## Your Portfolio Holdings (continued)

<table><thead><tr><th>YOUR PRICED PORTFOLIO HOLDINGS</th><th>$46,902</th></tr></thead></table>





Transaction Detail




INTEREST


<table><thead><tr><th>DATE</th><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>RATE (%)</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td rowspan="2">03/01/06</td><td>AVG BAL 138,323RT 3.776</td><td></td><td></td><td></td><td></td><td>406.26</td></tr><tr><td>021 OFFICE INTEREST 0206</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="7">TOTAL</td><td>$406.26</td></tr></tbody></table>

FINANCIAL TRUST CO INC

## MISCELLANEOUS

STATEMENT PERIOD March 1, 2006

THROUGH March 31, 2006

AGCOUNT NUMBER

TAXPAYER NUMBER On File

| LAST STATEMENT | February 28, 2006 |

| :--- | :--- |

<table><thead><tr><th>DATE MO/DAY</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>03/09/06</td><td>JOURNAL</td><td>CLOSING WIRE FR 02152128</td><td>138,323.00</td><td></td></tr><tr><td>03/30/06</td><td>JOURNAL</td><td>2005TREASURY REBATE</td><td></td><td>46,494.27</td></tr><tr><td>TOTAL</td><td></td><td></td><td>-138,323.00</td><td>$46,494.27</td></tr></tbody></table>

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