Financial record, 2004-12

Statements¶

EFTA00195772¶

ACCOUNT EXECUTIVE	GNMA GOVT BOND
VISIT OUR WEBSITE	www.bearstearns.com

What’s In This Statement¶

Financial Summary 3¶

Your Portfolio Holdings … 4¶

Transaction Detail

| Trades Not Yet Settled | 13 |¶

| :--- | :--- |¶

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSIDIARY¶

FINANCIAL TRUST CO INC

C/O JEFFREY EPSTEIN

6100 RED HOOK QUARTER

ST B3

ST THOMAS VI 00802

FINANCIAL TRUST CO INC¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | November 30, 2004 |¶

| :--- | :--- |¶

STATEMENT PERIOD December 1, 2004¶

THROUGH December 31, 2004¶

Your Portfolio at a Glance¶

TOTAL VALUE OF SECURITIES THIS PERIOD	11,218,594
LONG ACCRUED INTEREST	112,288
NET CREDIT BALANCE	732,186
NET EQUITY THIS PERIOD	$12,063,068
NET EQUITY LAST STATEMENT	11,991,065
CHANGE SINCE LAST STATEMENT	72,003

Market Value of Your Portfolio¶

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

Important Message¶

If any information regarding 2004 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, 2005 or a 1042Sby March 15, 2005.¶

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 01/01/05:09:18 001¶

V867¶

EFTA00195773¶

2 of 14¶

STATEMENT BACKER IS PRINTED ON THIS PAGE¶

027¶

V867¶

EFTA00195774¶

3 of 14¶

Cash Flow Analysis¶

	THIS PERIOD
OpeningBalance	$244,955.43
Securities Sold	236,379,521.16
Dividends/Interest	806,740.09
Amount Credited	$237,186,261.25
Securities Bought	-236,520,917.46
Dividends/Interest Charged	-177,712.91
Miscellaneous	-400.00
Amount Debited	$-236,699,030.37
Net Cash Activity	487,230.88
Closing Balance	$732,186.31

Cash Balance Summary¶

	OPENING	CLOSING
Margin	244,955.43	732,186.31
Net Cash Balance	$244,955.43	$732,186.31

Income Summary¶

	THIS PERIOD	YEAR TO DATE
U.S.Govt.Bond Int.	45,415.52	457,036.03
Govt.Agency Int.	621,692.32	9,868,014.97
Corp.Bond Int.	138,644.11	2,156,335.84
Credit Balance Int.	988.14	2,010.60
Reverse Repurchase Int.	69,020.66	393,635.39
Total	$875,760.75	$12,877,032.83
Bond Purchase Int.	-177,712.91	-1,555,564.82
Margin Int.Paid	0.00	-2,023.40
Repurchase Int.Exp.	-6,104.96	-223,899.19

Portfolio Composition¶

Cash/Cash Equivalent	732,186
Fixed Income	11,218,594
Total	$11,950,780

STATEMENT PERIOD December 1, 2004¶

FINANCIAL TRUST CO INC¶

THROUGH December 31, 2004¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | November 30, 2004 |¶

| :--- | :--- |¶

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.¶

EFTA00195775¶

BEAR STEARNS¶

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

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

4 of 14¶

FINANCIAL TRUST CO INC¶

Your Portfolio Holdings¶

CASH & CASH EQUIVALENTS¶

STATEMENT PERIOD December 1, 2004¶

THROUGH December 31, 2004¶

ACCOUNT NUMBER¶

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
CASH BALANCE				732,186
TOTAL CASH & CASH EQUIVALENTS				$732,186

TAXPAYER NUMBER On File¶

| LAST STATEMENT | November 30, 2004 |¶

| :--- | :--- |¶

FIXED INCOME¶

Government & Agency Obligations¶

DESCRIPTION	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ACCRUED INTEREST	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
FEDERAL HOME LOAN MTG CORP SERIES 2530 CLASS SE DATED DATE 10/11/02 BOOK ENTRY ONLY DUE 02/15/2032, 4,997% FACTOR = ,25880121	MRGN	15,528,072	9.7376	1,512,056	34,488	775,938	51.3168
FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI DATED DATE 10/01/02 BOOK ENTRY ONLY DUE 02/15/2032, 4,597% FACTOR = ,25880120	MRGN	6,660,811	8.8299	588,144	13,610	306,197	52.0616
FEDERAL NATIONAL MTG ASSN STRUP MTG SERIES 322 CL PO DATED DATE 03/01/02 BOOK ENTRY ONLY DUE 03/01/2032, .001% FACTOR = 1,00000000	MRGN	3,787,124	83.3594	3,156,923	3	38	0.0012
FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SL DATED DATE 07/02/02 BOOK ENTRY ONLY DUE 03/15/2032, 4,597% FACTOR = ,23239523	MRGN	13,405,702	8.4119	1,127,669	27,389	616,260	54.6490

027¶

01/01/05;09:18 001¶

EFTA00195776¶

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

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶

5 of 14¶

FINANCIAL TRUST CO INC¶

Your Portfolio Holdings (continued)¶

STATEMENT PERIOD December 1, 2004¶

THROUGH December 31, 2004¶

Government & Agency Obligations (continued)¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | November 30, 2004 |¶

| :--- | :--- |¶

DESCRIPTION	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ACCRUED INTEREST	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
FEDERAL NATIONAL MTG ASSN	MRGN	14,098,699	9.1979	1,296,788	10,768	646,002	49.8155
SERIES 2003-49 CLASS SW
DATED DATE 04/30/03
BOOK ENTRY ONLY
DUE 01/25/2033 4,582%
FACTOR = .58003204
Total Government& Agency Obligations				$7,681,580	$86,258	$2,344,435

Corporate Bonds¶

DESCRIPTION	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ACCRUED INTEREST	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
FANNIE MAE CMO/SERIES 2003-13 S RCR-I/O FLTR DATED DATE 02/25/03 BOOK ENTRY ONLY DUE 03/25/2033 5,582% FACTOR = .55965223	MRGN	27,982,611	12.6400	3,537,014	26,030	1,561,989	44.1612
Total CorporateBonds				$3,537,014	$26,030	$1,561,989
TOTAL FIXED INCOME				$11,218,594	$112,288	$3,906,424

YOUR PORTFOLIOHOLDINGSACCRUED INTEREST	$112,288
YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME	$3,906,424
YOUR PRICED PORTFOLIOHOLDINGS	$11,950,780

027¶

01/01/05;09:18 001¶

V867¶

EFTA00195777¶

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶

6 of 14¶

FINANCIAL TRUST CO INC¶

Repurchase and Reverse Repurchase Transactions¶

STATEMENT PERIOD December 1, 2004¶

THROUGH December 31, 2004¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | November 30, 2004 |¶

| :--- | :--- |¶

	PURCHASE/ START DATE	REPURCHASE DATE	PRICING RATE	PURCHASE PRICE/ PRINCIPAL	ACCRUED REPO INTEREST*	QUANTITY (FACE AMOUNT)	DESCRIPTION
YOU PROVIDED (MARGIN)	09/15/04	OPEN	0.000			-50,000,000	FEDERAL HOME LOAN MTG CORP SERIES 2488 CLASS SQ 5.5975 03/15/32
YOU SOLD (REPO)	10/12/04	01/10/05	2.260	-9,478,000	-49,385	-50,000,000	F H L M C - STRIP PRINCIPAL ONLY
YOU SOLD (REPO)	10/14/04	OPEN	0.010	-1		-44,389,962	GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-2 CLASS S 4.7931 01/16/34
YOU SOLD (REPO)	12/22/04	01/13/05	2.610	-2,500,000	-2,175	-22,100,000	GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-5 CLASS P 4.5400 02/20/33
YOU PROVIDED (MARGIN)	12/22/04	OPEN	0.000			-21,900,000	GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-5 CLASS P 4.5400 02/20/33
YOU BOUGHT (REVERSE)	12/31/04	OPEN	1.420	75,000,000	8,875	75,000,000	USTR 3.0000 12/31/06
TOTAL REVERSE REPURCHASE TRANSACTIONS				$75,000,000	$8,875
TOTAL REPURCHASE TRANSACTIONS				$-11,978,001	$-51,560

As of statement date¶

027¶

01/01/05;09:18 001¶

V867¶

EFTA00195778¶

CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶

7 of 14¶

FINANCIAL TRUST CO INC¶

Transaction Detail¶

STATEMENT PERIOD December 1, 2004¶

| THROUGH | December 31, 2004 |¶

| :--- | :--- |¶

INVESTMENT ACTIVITY¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | November 30, 2004 |¶

| :--- | :--- |¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
12/08/04		PRINCIPAL	FEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 CL PO 0,001 DUE 03/01/32 PRINCIPAL REDUCTN 12-25-04	-123,651
12/15/04		PRINCIPAL	FEDL HOME LOAN MTG CORP#S02684 SERIES 218 CL PO DUE 02/01/32 PRIN R/O 11-04 PID 12-15-04 REPO P & I 0,0000				368,807.00
12/15/04		PRINCIPAL	FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SL 4,010 DUE 03/15/32 PRINCIPAL REDUCTN 12-15-04	-374,568
12/15/04		PRINCIPAL	FEDERAL HOME LOAN MTG CORP SERIES 2530 CLASS SE 5,010 DUE 02/15/32 PRINCIPAL REDUCTN 12-15-04	-481,479
12/15/04		PRINCIPAL	FEDERAL HOME LOAN MTG CORP SERIES 2600 CLASS SI 4,010 DUE 02/15/32 PRINCIPAL REDUCTN 12-15-04	-206,532
12/23/04	12/22/04	SOLD	UNITED STATES TREASURY NOTE DUE 11/03/0006 02/27% MN 31 SPECIAL INSTRUCTIONS YIELD 3,008 % TO MATURITY GVER REF # G3575085 A3 WWEB	-25,000,000	99.75000 ACCR. INT.	24,937,500.00 45,415.52
12/27/04		PRINCIPAL	FEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 CL PO 0,001 DUE 03/01/32 PRINCIPAL PAYMENT 12-25-04				123,651.00
12/27/04		PRINCIPAL	FANNIE MAE CMO/SERIES 2003-13 S RCR-I/O FLTR 5,820 DUE 100/25/33 PRINCIPAL REDUCTN 12-25-04	-603,803

01/01/05;09:18 001 ¥867¶

EFTA00195779¶

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

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶

8 of 14¶

FINANCIAL TRUST CO INC¶

Transaction Detail (continued)¶

STATEMENT PERIOD December 1, 2004¶

THROUGH December 31, 2004¶

INVESTMENT ACTIVITY (continued)¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | November 30, 2004 |¶

| :--- | :--- |¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
12/27/04		PRINCIPAL	FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW 4,820 DUE 01/25/33 PRINCIPAL REDUCTN 12-25-04	-304,219
12/30/04	12/29/04	BOUGHT	UNITED STATES TREASURY NOTE DUE 11/30/2006 02,875% MN 31 SPECIAL INSTRUCTIONS YIELD 3,094 % TO MATURITY GVER REF # G3644702 B1 WWEB	25,000,000 ACCR. INT.	99.59375	24,898,437.50 59,237.64
12/30/04	12/29/04	BOUGHT	UNITED STATES TREASURY NOTE DUE 11/30/2006 02,875% MN 31 SPECIAL INSTRUCTIONS YIELD 3,094 % TO MATURITY GVER REF # G3644702 A3 WWEB	50,000,000 ACCR. INT.	99.59375	49,796,875.00 118,475.27
12/31/04	12/29/04	SOLD	UNITED STATES TREASURY NOTE DUE 12/31/2006 03,000% JD 30 SPECIAL INSTRUCTIONS YIELD 3,124 % TO MATURITY GVER REF # G3644700 B3 WWEB	-25,000,000	99.76139		24,940,347.50
12/31/04	12/29/04	SOLD	UNITED STATES TREASURY NOTE DUE 12/31/2006 03,000% JD 30 SPECIAL INSTRUCTIONS YIELD 3,124 % TO MATURITY GVER REF # G3644700 A5 WWEB	-50,000,000	99.76139		49,880,695.00
TOTAL						-$74,873.025.41	$100,296.416.02

INTEREST¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
12/01/04	AVG BAL 405,430RT 1.260 021 OFFICE INTEREST 1104					425.84

027¶

01/01/05;09:18 001¶

EFTA00195780¶

BEAR STEARNS¶

CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶

9 of 14¶

FINANCIAL TRUST CO INC¶

Transaction Detail (continued)¶

STATEMENT PERIOD December 1, 2004¶

INTEREST (continued)¶

THROUGH December 31, 2004¶

AGCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | November 30, 2004 |¶

| :--- | :--- |¶

DATE	DESCRIPTION	RATE (%)	CREDIT AMOUNT
12/15/04	FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SL DUE 03/15/2032 INTEREST PAYMENT 12-15-04	4.9100	56,384.27
12/15/04	FEDERAL HOME LOAN MTG CORP SERIES 2488 CLASS SQ DUE 03/15/2032 INT R/D 11-04 P/D 12-15-04 REPO P & I 5,9100	5.9100	58,826.32
12/15/04	FEDERAL HOME LOAN MTG CORP SERIES 2500 CLASS SE DUE 02/15/2032 INTEREST PAYMENT 12-15-04	5.3100	70,842.27
12/15/04	FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI DUE 02/15/2032 INTEREST PAYMENT 12-15-04	4.9100	28,098.88
12/16/04	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SB DUE 01/16/2034 INT R/D 12-04 P/D 12-16-04 REPO P & I 5,0987	5.0980	173,322.19
12/21/04	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS DUE 02/20/2033 INT R/D 11-04 P/D 12-20-04 REPO P & I 4,8100	4.5400	176,366.67
12/27/04	FANNIE MAE CMOI SERIES 2003-13 S RCR-U/O FLTR DUE 03/25/2033 INTEREST PAYMENT 12-25-04	5.8200	138,644.11
12/27/04	FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW DUE 01/15/2033 INTEREST PAYMENT 12-25-04	4.8200	57,851.72

01/01/05;09:18	001	V867

EFTA00195781¶

BEAR STEARNS¶

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

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶

10 of 14¶

FINANCIAL TRUST CO INC¶

Transaction Detail (continued)¶

STATEMENT PERIOD December 1, 2004¶

THROUGH December 31, 2004¶

INTEREST (continued)¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | November 30, 2004 |¶

| :--- | :--- |¶

DATE	DESCRIPTION	CREDIT AMOUNT
12/31/04	AVG BAL 475,286RT 1.374	562.30
12/31/04	021 OFFICE INTEREST 1204
TOTAL		$761,324.57

SETTLEMENT DATE	TRANSACTION	DESCRIPTION	QUANTITY	DEBIT AMOUNT	CREDIT AMOUNT
12/13/04	JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 4,810 DUE 02/20/33 FITM A3 REPO AGREEMENT	-44,000,000		3,186,000.00
12/13/04	JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 4,810 DUE 02/20/33 FITM A2 TERM REPO AGREEMENT	44,000,000	3,260,000.00
12/13/04	JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 4,810 DUE 02/20/33 FITM A1 REPO AGREEMENT	-44,000,000		5,186,000.00
12/13/04	JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 4,810 DUE 02/20/33 FITM A2 REPO AGREEMENT	44,000,000	5,186,000.00
12/13/04	INTEREST	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS DUE 02/20/2033 4,810 FITM A2 REPO INTEREST		4,026.10

027¶

01/01/05;09:18 001¶

EFTA00195782¶

CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶

11 of 14¶

FINANCIAL TRUST CO INC¶

Transaction Detail (continued)¶

STATEMENT PERIOD December 1, 2004¶

THROUGH December 31, 2004¶

REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | November 30, 2004 |¶

| :--- | :--- |¶

SETTLEMENT DATE	TRANSACTION	DESCRIPTION	QUANTITY	DEBIT AMOUNT	CREDIT AMOUNT
12/22/04	JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 4,540 DUE 02/20/23 FITM REPO AGREEMENT	-21,900,000
12/22/04	JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 4,540 DUE 02/20/23 FITM A1 REPO AGREEMENT	-22,100,000		2,500,000.00
12/22/04	JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 4,540 DUE 02/20/23 FITM A4 TERM REPO AGREEMENT	44,000,000	3,186,000.00
12/22/04	INTEREST	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS DUE 02/20/2033 4,540 FITM REPO INTEREST		2,078.86
12/23/04	DELIVERED	UNITED STATES TREASURY NOTE DUE 11/30/2006 2,875 DUE 11/30/2006 FITM A2 TERM RESALE AGREEMENT	-50,000,000		50,000,000.00
12/23/04	RECEIVED	UNITED STATES TREASURY NOTE DUE 11/30/2006 2,875 DUE 11/30/2006 FITM A1 RESALE AGREEMENT	75,000,000	75,187,500.00
12/23/04	INTEREST	UNITED STATES TREASURY NOTE DUE 11/30/2006 2,875 FITM A2 RESALE INTEREST			49,597.22

027¶

01/01/05;09:18 001¶

EFTA00195783¶

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

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶

12 of 14¶

FINANCIAL TRUST CO INC¶

Transaction Detail (continued)¶

STATEMENT PERIOD December 1, 2004¶

THROUGH December 31, 2004¶

REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | November 30, 2004 |¶

| :--- | :--- |¶

SETTLEMENT DATE	TRANSACTION	DESCRIPTION	QUANTITY	DEBIT AMOUNT	CREDIT AMOUNT
12/30/04	DELIVERED	UNITED STATES TREASURY NOTE DUE 11/30/2006 2,875 DUE 11/30/06 FITM A2 TERM RESALE AGREEMENT	-75,000,000		75,187,500.00
12/30/04	INTEREST	UNITED STATES TREASURY NOTE DUE 11/30/2006 2,875 FITM A2 RESALE INTEREST			19,423.44
12/31/04	RECEIVED	UNITED STATES TREASURY NOTE DUE 12/31/2006 3,000 3,000 DUE 12/31/06 FITM A1 RESALE AGREEMENT	75,000,000	75,000,000.00
TOTAL				$-161,825,604.96	$136,128,520.66

MISCELLANEOUS¶

DATE MO/DAY	TRANSACTION	DESCRIPTION	DEBIT AMOUNT	CREDIT AMOUNT
12/15/04	JOURNAL	NOV 04 SPEC CLEARING FEES	400.00
TOTAL			-400.00

027¶

01/01/05;09:18 001¶

V867¶

EFTA00195784¶

BEAR STEARNS¶

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶

13 of 14¶

FINANCIAL TRUST CO INC¶

Trades Executed Pending Settlement¶

STATEMENT PERIOD December 1, 2004¶

027¶

01/01/05;09:18 001¶

EFTA00195785¶

BEAR STEARNS¶

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

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

14 of 14¶

FINANCIAL TRUST CO INC¶

Trades Executed Pending Settlement (continued)¶

STATEMENT PERIOD December 1, 2004¶

THROUGH December 31, 2004¶

| LAST STATEMENT | November 30, 2004 |¶

| :--- | :--- |¶

TAXPAYER NUMBER On File¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
02/15/05	12/16/04	SOLD	FNMA-15YR(FNMA-15)GTD SETT,02/05 DUE 02/01/2020 05,500%		-11,000,000.00	103.1093		11,342,031.25
			REF #	BS
TOTAL							$39,149,843.76	$39,137,656.25

The above trades do not appear in any other section of this statement.¶

******* End of Statement******¶

027¶

01/01/05;09:18 001¶

V867¶

Keyboard shortcuts

Go to a page: `g` then

Statements¶

What’s In This Statement¶

Important Message¶

Your Portfolio Holdings¶

FIXED INCOME¶

Government & Agency Obligations¶

Your Portfolio Holdings (continued)¶

Repurchase and Reverse Repurchase Transactions¶

INVESTMENT ACTIVITY¶

Transaction Detail (continued)¶

INVESTMENT ACTIVITY (continued)¶

Transaction Detail (continued)¶

Transaction Detail (continued)¶

Transaction Detail (continued)¶

REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)¶

Transaction Detail (continued)¶

REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)¶

MISCELLANEOUS¶

Trades Executed Pending Settlement¶

Trades Executed Pending Settlement (continued)¶

Other documents from the same file