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<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

Transaction Detail 4





<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 SUBSIDIARY



## Your Portfolio at a Glance



ACCOUNT NUMBER

FINANCIAL TRUST CO INC

<table border="1"><tr><td>NET CREDIT BALANCE</td><td>138,324</td><td>Cas.</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$138,324</td><td></td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>137,909</td><td></td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>415</td><td></td></tr></table>

TAXPAYER NUMBER On File

| LAST STATEMENT | December 30, 2005 |

| :--- | :--- |

STATEMENT PERIOD February 1, 2006

THROUGH February 28, 2006

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

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>$137,909.49</td></tr><tr><td>Dividends/Interest</td><td>414.50</td></tr><tr><td>Amount Credited</td><td>$414.50</td></tr><tr><td>Net Cash Activity</td><td>414.50</td></tr><tr><td>ClosingBalance</td><td>$138,323.99</td></tr></table>

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Margin</td><td>137,909.49</td><td>138,323.99</td></tr><tr><td>Net Cash Balance</td><td>$137,909.49</td><td>$138,323.99</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>414.50</td><td>414.50</td></tr><tr><td>Total</td><td>$414.50</td><td>$414.50</td></tr></table>

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>138,324</td></tr><tr><td>Total</td><td>$138,324</td></tr></table>

## Your Portfolio Holdings

## CASH & CASH EQUIVALENTS

<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>138,324</td><td></td><td></td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$138,324</td><td></td><td></td></tr></tbody></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSDIARY



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STATEMENT PERIOD February 1, 2006

THROUGH February 28, 2006

FINANCIAL TRUST CO INC

Your Portfolio Allocation



ACCOUNT NUMBER





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TAXPAYER NUMBER On File

| LAST STATEMENT | December 30, 2005 |

| :--- | :--- |



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BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT
Bear, Stearns & Co. Inc.

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## Your Portfolio Holdings (continued)



CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY



<table><thead><tr><th>YOUR PRICED PORTFOLIOHOLDINGS</th><td>$138,324</td></tr></thead></table>





Transaction Detail




INTEREST


FINANCIAL TRUST CO INC

<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>02/01/06</td><td>AVG BAL 137,909RT 3.490<br>021 OFFICE INTEREST 0106</td><td></td><td></td><td></td><td></td><td>414.50</td></tr><tr><td colspan="7">TOTAL</td><td>$414.50</td></tr></tbody></table>

STATEMENT PERIOD February 1, 2006

THROUGH February 28, 2006

ACCOUNT NUMBER

TAXPAYER NUMBER On File

| LAST STATEMENT | December 30, 2005 |

| :--- | :--- |





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


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