Financial record, 2004-10

EFTA00195801¶

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	7

FINANCIAL TRUST CO INC

C/O JEFFREY EPSTEIN

6100 RED HOOK QUARTER

ST B3

ST THOMAS VI 00802

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

Your Portfolio at a Glance¶

TOTAL VALUE OF SECURITIES THIS PERIOD	11,588,059
LONG ACCRUED INTEREST	105,741
NET CREDIT BALANCE	334,039
NET EQUITY THIS PERIOD $12,027,839
NET EQUITY LAST STATEMENT 12,556,360
CHANGE SINCE LAST STATEMENT	-528,520

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

FINANCIAL TRUST CO INC¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | September 30, 2004 |¶

| :--- | :--- |¶

ACCOUNT NUMBER¶

STATEMENT PERIOD October 1, 2004¶

Market Value of Your Portfolio¶

THROUGH October 29, 2004¶

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	10/30/04:11:50 001

V864¶

EFTA00195802¶

2 of 14¶

STATEMENT BACKER IS PRINTED ON THIS PAGE¶

027¶

EFTA00195803¶

3 of 14¶

Cash Flow Analysis¶

	THIS PERIOD
OpeningBalance	$349,430.55
Securities Sold	150,542,411.97
Dividends/Interest	861,588.48
Amount Credited	$151,404,000.45
Securities Bought	-151,238,763.30
Funds Withdrawn	-71,518.00
Dividends/Interest Charged	-55,766.57
Miscellaneous	-53,343.75
Amount Debited	$-151,419,391.62
Net Cash Activity	-15,391.17
Closing Balance	$334,039.38

Cash Balance Summary¶

	OPENING	CLOSING
Margin	349,430.55	334,039.38
Net Cash Balance	$349,430.55	$334,039.38

Income Summary¶

	THIS PERIOD	YEAR TO DATE
U.S.Govt.Bond Int.	6,868.13	375,363.60
Govt.Agency Int.	702,222.04	8,568,849.54
Corp.Bond Int.	152,338.86	1,870,249.99
Credit Balance Int.	159.45	1,022.46
Reverse Repurchase Int.	11,581.79	252,348.22
Total	$873,170.27	$11,067,833.81
Bond Purchase Int.	-55,766.57	-1,168,313.77
Margin Int.Paid	0.00	-1,770.70
Repurchase Int.Exp.	-47,341.42	-209,085.33

Portfolio Composition¶

Cash/Cash Equivalent	334,039
Fixed Income	11,588,059
Total	$11,922,098

STATEMENT PERIOD October 1, 2004¶

FINANCIAL TRUST CO INC¶

| THROUGH | October 29, 2004 |¶

| :--- | :--- |¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | September 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.¶

EFTA00195804¶

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 October 1, 2004¶

| THROUGH | October 29, 2004 |¶

| :--- | :--- |¶

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
CASH BALANCE				334,039
TOTAL CASH & CASH EQUIVALENTS				$334,039

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | September 30, 2004 |¶

| :--- | :--- |¶

FIXED INCOME¶

Government & Agency Obligations¶

DESCRIPTION	SYMBOL/CUSIP	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 5,530% FACTOR = .27416532		MRGN	16,449,919	9.4102	1,547,969	35,376	909,681	58.7661
FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI DATED DATE 10/01/02 BOOK ENTRY ONLY DUE 02/15/2032 5,130% FACTOR = .27416531		MRGN	7,056,240	8.5794	605,386	14,078	361,985	59.7941
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	4,041,482	84.9063	3,431,471	3	40	0.0012
FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SL DATED DATE 07/02/02 BOOK ENTRY ONLY DUE 03/15/2032 5,130% FACTOR = .24641448		MRGN	14,214,402	8.1195	1,154,131	28,358	729,199	63.1816

027¶

10/30/04;11:50 001¶

EFTA00195805¶

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 October 1, 2004¶

| THROUGH | October 29, 2004 |¶

| :--- | :--- |¶

Government & Agency Obligations (continued)¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | September 30, 2004 |¶

| :--- | :--- |¶

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ACCRUED INTEREST	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
FEDERAL NATIONAL MTG ASSN		MRGN	14,692,061	9.1386	1,342,655	8,271	744,447	55.4459
SERIES 2003-49 CLASS SW
DATED DATE 04/30/03
BOOK ENTRY ONLY
DUE 01/25/2033 5,067%
FACTOR = .60444343
Total Government& Agency Obligations					$8,081,612	$86,086	$2,745,352

Corporate Bonds¶

DESCRIPTION	SYMBOL/CUSIP	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 6,067% FACTOR = .58320590		MRGN	29,160,294	12.0247	3,506,447	19,655	1,769,155	50.4543
Total CorporateBonds					$3,506,447	$19,655	$1,769,155
TOTAL FIXED INCOME					$11,588,059	$105,741	$4,514,507

YOUR PORTFOLIOHOLDINGSACCRUED INTEREST	$105,741
YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME	$4,514,507
YOUR PRICED PORTFOLIOHOLDINGS	$11,922,098

027¶

10/30/04;11:50 001¶

EFTA00195806¶

6 of 14¶

FINANCIAL TRUST CO INC¶

Repurchase and Reverse Repurchase Transactions¶

STATEMENT PERIOD October 1, 2004¶

THROUGH October 29, 2004¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | September 30, 2004 |¶

| :--- | :--- |¶

	PURCHASE/ START DATE	REPURCHASE DATE	PRIDING RATE	PURCHASE PRICE/ PRINCIPAL	ACCrued REPO INTEREST*	QUANTITY (FACE AMOUNT)	CUSIP	DESCRIPTION
YOU PROVIDED (MARGIN)	09/15/04	OPEN	0.000			-50,000,000		FEDERAL HOME LOAN MTG CORP SERIES 2488 CLASS SQ. 6.1300 03/15/32
YOU SOLD (REPO)	10/12/04	01/10/05	2.260	-9,478,000	-11,900	-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. 5.3113 01/16/34
YOU SOLD (REPO)	10/26/04	11/12/04	2.070	-5,363,000	-1,850	-44,000,000		GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-5 CLASS P. 5.0400 02/20/33
YOU BOUGHT (REVERSE)	09/27/04	OPEN	1.600	15,037,500	21,950	15,000,000		USTR 2.7500 08/15/07
YOU BOUGHT (REVERSE)	10/05/04	OPEN	1.250	25,000,000	26,309	25,000,000		USTR 2.5000 09/30/06
TOTAL REVERSE REPURCHASE TRANSACTIONS				$40,037,500	$48,259
TOTAL REPURCHASE TRANSACTIONS				$-14,841,001	$-13,750

As of statement date¶

027¶

10/30/04;11:50 001¶

V864¶

EFTA00195807¶

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶

7 of 14¶

FINANCIAL TRUST CO INC¶

Transaction Detail¶

STATEMENT PERIOD October 1, 2004¶

INVESTMENT ACTIVITY¶

| THROUGH | October 29, 2004 |¶

| :--- | :--- |¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
10/04/04	10/01/04	BOUGHT	UNITED STATES TREASURY NOTE DUE 08/31/2006 02,375% FA 28	912828CU2	25,000,000	99.57031	24,892,578.13
			YIELD 2,607 % TO MATURITY GVER REF # G2751004 A1		ACCR. INT.		55,766.57

			GVER REF # G2751004 A1
10/04/04	10/01/04	SOLD	UNITED STATES TREASURY NOTE DUE 09/30/2006 02,500% MS 31 YIELD 2,642 % TO MATURITY GVER REF # G2751011 A1	-25,000,000	99.72656	24,931,640.63 ACCR. INT.	6,868.13
10/05/04		JOURNAL	UNITED STATES TREASURY NOTE ADJ REPO.AO 10-4 2,500 DUE 09/30/006	-25,000,000			25,000,000.00
10/07/04		PRINCIPAL	FEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 CL PO 0,001 DUE 03/01/32 PRINCIPAL REDUCTN 10-25-04	-113,439
10/13/04		EXPIRED	CALL TSY 4 3/4 08/14 EUROCALL STRK 101-8 EXP 10/08/2004	9Z72250	-25,000,000
10/14/04	09/08/04	CANCEL SELL	FNMA-30YR(FNMA)GTD SETT 10/04 DUE 10/01/2034 05,500% REF # 2004090857720000 BS AS OF 09/08/04 TO CXL PREVIOUS SELL	5A80009	10,000,000	101.31250	10,131,250.00
10/14/04	09/22/04	BOUGHT	FNMA-30YR(FNMA)GTD SETT 10/04 DUE 10/01/2034 05,500% 0987021011332 REF # 2004092257810000 BS	5A80009	10,000,000	101.83594	10,183,593.75
10/14/04	09/08/04	SOLD	FNMA-30YR(FNMA)GTD SETT 10/04 DUE 10/01/2034 05,500% REF # 2004090857720000 BS	5A80009	-10,000,000	101.31250	10,131,250.00

027¶

10/30/04;11:50 001¶

EFTA00195808¶

CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶

8 of 14¶

FINANCIAL TRUST CO INC¶

Transaction Detail (continued)¶

STATEMENT PERIOD October 1, 2004¶

INVESTMENT ACTIVITY (continued)¶

| THROUGH | October 29, 2004 |¶

| :--- | :--- |¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | September 30, 2004 |¶

| :--- | :--- |¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
10/14/04	09/22/04	CANCEL BUY	FNMA-301R/FNMA/GTD SETT,10/04 DUE 10/01/2034 05,500% 0987021011332 REF # 2004092257810000 BS AS OF 09/22/04 TO CXL PREVIOUS BUY	5A80009	-10,000,000	101.83594		10,183,593.75
10/15/04		PRINCIPAL	FEDL HOME LOAN MTG CORP#S02684 SERIES 218 CL PO DUE 02/01/32 PRN RI O 09-04 P/D 10-15-04 REPD P.81 0,0000					285,406.50
10/15/04		PRINCIPAL	FEDERAL HOME LOAN MTG CORP SERIES 02400 CL SI 5,130 DUE 03/15/32 PRINCIPAL REDUCTN 10-15-04		-390,730
10/15/04		PRINCIPAL	FEDERAL HOME LOAN MTG CORP SERIES 2530 CLASS SE 5,530 DUE 02/15/32 PRINCIPAL REDUCTN 10-15-04		-372,599
10/15/04		PRINCIPAL	FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI 5,130 DUE 02/15/32 PRINCIPAL REDUCTN 10-15-04		-159,828
10/20/04		JOURNAL	FANNIE MAE CMO/SERIES 2003-13 S RCR-I/O FLTR 6,160 DUE 03/25/33 ADJUST POS		2
10/25/04		PRINCIPAL	FEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 CL PO 0,001 DUE 03/01/32 PRINCIPAL PAYMENT 10-25-04					113,439.30
10/25/04		PRINCIPAL	FANNIE MAE CMO/SERIES 2003-13 S RCR-I/O FLTR 6,160 DUE 03/25/33 PRINCIPAL REDUCTN 10-25-04		-516,106

027¶

10/30/04;11:50 001¶

EFTA00195809¶

BEAR STEARNS¶

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

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶

9 of 14¶

FINANCIAL TRUST CO INC¶

STATEMENT PERIOD October 1, 2004¶

Transaction Detail (continued)¶

| THROUGH | October 29, 2004 |¶

| :--- | :--- |¶

INVESTMENT ACTIVITY (continued)¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | September 30, 2004 |¶

| :--- | :--- |¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
10/25/04		PRINCIPAL	FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW 5,160 DUE 01/25/33 PRINCIPAL REDUCTN 10-25-04		-260,033
TOTAL							-45,263,188.45	$70,652,198.31

DEPOSITS AND WITHDRAWALS¶

DATE	TRANSACTION	DESCRIPTION	DEBIT AMOUNT	CREDIT AMOUNT
10/07/04	FND WIRED	MDA#GV146208FNDSWIRED TO FLEET NATIONAL BANK C#246378	71,518.00
TOTAL			-71,518.00

INTEREST¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
10/01/04	AVG BAL 213,777RT 0.895 021 OFFICE INTEREST 0904					159.45
10/15/04	FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT DUE 03/15/2032 1,000 INT R/D 09-04 P/D 10-15-04 REPO P & I 1,0000			1.0000		20,958.94
10/15/04	FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SL DUE 03/15/2032 5,130 INTEREST PAYMENT 10-15-04			5.1300		63,775.74

027¶

10/30/04;11:50 001¶

EFTA00195810¶

BEAR STEARNS¶

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶

10 of 14¶

FINANCIAL TRUST CO INC¶

Transaction Detail (continued)¶

STATEMENT PERIOD October 1, 2004¶

INTEREST (continued)¶

THROUGH October 29, 2004¶

AGCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | September 30, 2004 |¶

| :--- | :--- |¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
10/15/04	FEDERAL HOME LOAN MTG CORP SERIES 2488 CLASS SQ DUE 03/15/2032 6,130 INT R/D 09-04 P/D 10-15-04 REPO P & I 6,2400			6.1300		65,828.89
10/15/04	FEDERAL HOME LOAN MTG CORP SERIES 2530 CLASS SE DUE 02/15/2032 5,530 INTEREST PAYMENT 10-15-04			5.5300		79,065.84
10/15/04	FEDERAL HOME LOAN MTG CORP SERIES 2520 CLASS SQ DUE 02/15/2032 5,130 INTEREST PAYMENT 10-15-04			5.1300		31,510.16
10/19/04	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SB DUE 01/18/2034 5,911 INT R/D 10-04 P/D 10-16-04 REPO P & I 5,4212			5.3110		188,367.64
10/20/04	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS DUE 02/20/2033 5,138 INT R/D 09-04 P/D 10-20-04 REPO P & I 5,1387			5.1380		188,420.83
10/25/04	FANNIE MAE CMO/SERIES 2003-13 S RCP-I/O FTR DUE 03/25/2033 6,160 INTEREST PAYMENT 10-25-04			6.1600		152,338.86
10/25/04	FEDERAL NATIONAL MTG ASSN SERIES 2004-49 CLASS SW DUE 01/25/2033 5,160 INTEREST PAYMENT 10-25-04			5.1600		64,294.00
TOTAL						$854,720.35

027¶

10/30/04;11:50 001¶

EFTA00195811¶

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶

11 of 14¶

FINANCIAL TRUST CO INC¶

Transaction Detail (continued)¶

STATEMENT PERIOD October 1, 2004¶

| THROUGH | October 29, 2004 |¶

| :--- | :--- |¶

REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear, Stearns& Co.Inc.¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | September 30, 2004 |¶

| :--- | :--- |¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	DEBIT AMOUNT	CREDIT AMOUNT
10/04/04		DELIVERED	UNITED STATES TREASURY NOTE DUE 08/31/2006 2,375 DUE 08/31/06 FITM F2670490 AZ TERM RESALE AGREEMENT	912828CU2	-25,000,000		25,062,500.00
10/04/04		INTEREST	UNITED STATES TREASURY NOTE DUE 08/31/2006 2,375 FITM F2670490 AZ RESALE INTEREST	912828CU2			10,519.29
10/05/04		RECEIVED	UNITED STATES TREASURY NOTE DUE 09/30/2006 2,500 2,500 DUE 09/30/06 FITM F2670490 A1 RESALE AGREEMENT		25,000,000	25,000,000.00
10/06/04		JOURNAL	UNITED STATES TREASURY NOTE ADJ REPO AO 10-4 2,500 DUE 09/30/06		25,000,000	25,000,000.00
10/06/04		JOURNAL	UNITED STATES TREASURY NOTE ADJ REPO AO 10-4 2,500 DUE 09/30/06		25,000,000	25,000,000.00
10/06/04		INTEREST	UNITED STATES TREASURY NOTE DUE 09/30/2006 2,500 REV REPO INT,AO 10-5				1,062.50
10/07/04		JOURNAL	UNITED STATES TREASURY NOTE ADJ REPO AO 10-4 2,500 DUE 09/30/06		-25,000,000		25,000,000.00
10/12/04		JOURNAL	FEDL HOME LOAN MTG CORP#S02684 SERIES 218 CL PO DUE 02/01/32 FITM F2683256 AZ TERM REPO AGREEMENT		12,600,430	7,320,000.00
10/12/04		JOURNAL	FEDL HOME LOAN MTG CORP#S02684 SERIES 218 CL PO DUE 02/01/32 FITM F22863213 A1 REPO AGREEMENT		-12,600,430		9,478,000.00

10/30/04;11:50	001	V864

EFTA00195812¶

CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶

12 of 14¶

FINANCIAL TRUST CO INC¶

Transaction Detail (continued)¶

STATEMENT PERIOD October 1, 2004¶

REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)¶

THROUGH October 29, 2004¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | September 30, 2004 |¶

| :--- | :--- |¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	DEBIT AMOUNT	CREDIT AMOUNT
10/12/04		JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SB 5,421 DUE 01/16/34 FITM F2653155 AZ TERM REPO AGREEMENT		41,695,395	2,816,000.00
10/12/04		JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SB 5,421 DUE 01/16/34 FITM F2653215 A1 REPO AGREEMENT		-41,695,395		3,683,000.00
10/12/04		JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 5,138 DUE 02/20/33 FITM F2683215 AZ TERM REPO AGREEMENT		44,000,000	5,866,000.00
10/12/04		JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 5,138 DUE 02/20/33 FITM F2683217 A1 REPO AGREEMENT		-44,000,000		6,299,000.00
10/12/04		INTEREST	FEDL HOME LOAN MTG CORP#S02684 SERIES 218 CL PO DUE 02/01/2032 0,000 FITM F2683256 AZ REPO INTEREST			11,272.80
10/12/04		INTEREST	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SB DUE 01/16/2034 5,421 FITM F2653155 AZ REPO INTEREST			2,940.37
10/12/04		INTEREST	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS DUE 02/20/2033 5,138 FITM F2683217 AZ REPO INTEREST			27,708.70

027¶

10/30/04;11:50 001¶

EFTA00195813¶

CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶

13 of 14¶

FINANCIAL TRUST CO INC¶

Transaction Detail (continued)¶

STATEMENT PERIOD October 1, 2004¶

THROUGH October 29, 2004¶

REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | September 30, 2004 |¶

| :--- | :--- |¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	DEBIT AMOUNT	CREDIT AMOUNT
10/14/04		JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SB 5,421 DUE 01/16/34 FITM F2883267 A1 REPO AGREEMENT		-41,695,395
10/14/04		JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SB 5,421 DUE 01/16/34 FITM F2883215 A2 TERM REPO AGREEMENT		41,695,395	3,683,000.00
10/14/04		INTEREST	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SB DUE 01/16/2034 5,421 FITM F2883215 A2 REPO INTEREST			423.55
10/25/04		JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 5,040 DUE 02/20/33 FITM F2993307 A1 REPO AGREEMENT		-44,000,000		5,000,000.00
10/25/04		JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 5,040 DUE 02/20/33 FITM F2983217 A2 TERM REPO AGREEMENT		44,000,000	6,299,000.00
10/25/04		INTEREST	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS DUE 02/20/2033 5,040 FITM F2883217 A2 REPO INTEREST			4,708.50
10/26/04		JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 5,040 DUE 02/20/33 FITM F2993307 A2 TERM REPO AGREEMENT		44,000,000	5,000,000.00

027¶

10/30/04;11:50 001¶

EFTA00195814¶

BEAR STEARNS¶

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

CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶

14 of 14¶

FINANCIAL TRUST CO INC¶

Transaction Detail (continued)¶

STATEMENT PERIOD October 1, 2004¶

REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)¶

THROUGH October 29, 2004¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | September 30, 2004 |¶

| :--- | :--- |¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	DEBIT AMOUNT	CREDIT AMOUNT
10/26/04		JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 5,040 DUE 02/20/33 FITM A1 REPO AGREEMENT		-44,000,000		5,363,000.00
10/26/04		INTEREST	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS DUE 02/20/2033 5,040 FITM F2993307 A2 REPO INTEREST			287.50
TOTAL						-106,031,341.42	$79,897,081.79

MISCELLANEOUS¶

DATE MO/DAY	TRANSACTION	DESCRIPTION	DEBIT AMOUNT	CREDIT AMOUNT
10/13/04	JOURNAL	FNMA-30YR(FNMA)GTD SETT,10/04 5,500 DUE 10/01/34 MBS NET 10/13/04	52,343.75
10/19/04	JOURNAL	SEP 04 SPEC CLEARING FEES	1,000.00
TOTAL			-53,343.75

******* End of Statement*******¶

027¶

10/30/04;11:50 001¶