EFTA00195832
ACCOUNT EXECUTIVEGNMA GOVT BOND
VISIT OUR WEBSITEwww.bearstearns.com
## What’s In This Statement Financial Summary 3 Your Portfolio Holdings ... 4
Transaction Detail7
| Trades Not Yet Settled | 14 | | :--- | :--- |
FINANCIAL TRUST CO INC
C/O JEFFREY EPSTEIN
6100 RED HOOK QUARTER
ST B3
ST THOMAS VI 00802
CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Your Portfolio at a Glance
TOTAL VALUE OF SECURITIES THIS PERIOD12,698,148
LONG ACCRUED INTEREST144,104
NET CREDIT BALANCE48,513
NET EQUITY THIS PERIOD$12,890,765
NET EQUITY LAST STATEMENT11,475,709
CHANGE SINCE LAST STATEMENT1,415,056
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 ACCOUNT NUMBER | LAST STATEMENT | July 30, 2004 | | :--- | :--- | STATEMENT PERIOD July 31, 2004 | THROUGH | August 31, 2004 | | :--- | :--- | 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. 027 09/01/04:38:31 001 V862 EFTA00195833 2 of 14 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 EFTA00195834 3 of 14 Cash Flow Analysis
THIS PERIOD
OpeningBalance$3,971.20
Securities Sold269,156,483.49
Dividends/Interest1,044,009.74
Amount Credited$270,200,493.23
Securities Bought-269,959,006.50
Dividends/Interest Charged-196,161.68
Miscellaneous-782.76
Amount Debited$-270,155,950.94
Net Cash Activity44,542.29
Closing Balance$48,513.49
Cash Balance Summary
OPENINGCLOSING
Margin3,971.2048,513.49
Net Cash Balance$3,971.20$48,513.49
Income Summary
THIS PERIODYEAR TO DATE
U.S.Govt.Bond Int.11,209.24294,052.65
Govt.Agency Int.864,599.887,065,800.47
Corp.Bond Int.168,044.571,557,101.84
Credit Balance Int.156.05559.25
Reverse Repurchase Int.59,273.54163,790.28
Total$1,103,283.28$9,081,304.49
Bond Purchase Int.-196,161.68-929,102.64
Margin Int.Paid0.00-1,770.70
Repurchase Int.Exp.-9,818.25-128,719.56
Portfolio Composition
Cash/Cash Equivalent48,513
Fixed Income12,698,148
Total$12,746,661
CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY STATEMENT PERIOD July 31, 2004 FINANCIAL TRUST CO INC THROUGH August 31, 2004 ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 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. EFTA00195835 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 July 31, 2004 THROUGH August 31, 2004 ACCOUNT NUMBER
DESCRIPTIONSYMBOL/CUSIPQUANTITYPRICEMARKET VALUEESTIMATED ANNUAL INCOMECURRENT YIELD (%)
CASH BALANCE48,513
TOTAL CASH & CASH EQUIVALENTS$48,513
TAXPAYER NUMBER On File | LAST STATEMENT | July 30, 2004 | | :--- | :--- | ## FIXED INCOME ## Government & Agency Obligations
DESCRIPTIONSYMBOL/CUSIPACCT TYPEQUANTITYPRICEMARKET VALUEACCRUED INTERESTESTRATED ANNUAL INCOMECURRENT YIELD (%)
FEDERAL HOME LOAN MTG CORP
SERIES 2530 CLASS SE
DATED DATE 10/11/02
BOOK ENTRY ONLY
DUE 02/15/2032, 5,400%
FACTOR = ,28769169		MRGN17,261,5019.65021,665,77144,4961,001,16760.1023
FEDERAL HOME LOAN MTG CORP
SERIES 2526 CLASS SI
DATED DATE 10/01/02
BOOK ENTRY ONLY
DUE 02/15/2032, 5,400%
FACTOR = ,28769168		MRGN7,404,3718.7603648,64417,771399,83661.6418
FEDERAL NATIONAL MTG ASSN
STRIP MTG SERIES 322 CL PO
DATED DATE 03/01/02
BOOK ENTRY ONLY
DUE 03/01/2032, .001%
FACTOR = 1,00000000		MRGN4,278,01083.76563,583,5023430.0012
FEDERAL HOME LOAN MTG CORP
SERIES 2483 CL SL
DATED DATE 07/02/02
BOOK ENTRY ONLY
DUE 03/15/2032, 5,400%
FACTOR = ,26003635		MRGN15,000,1798.33461,250,20836,001810,01064.7900
027 09/01/04;08:31 001 EFTA00195836 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. **5 of 14** FINANCIAL TRUST CO INC ## Your Portfolio Holdings (continued) STATEMENT PERIOD July 31, 2004 Government & Agency Obligations (continued)
DESCRIPTIONSYMBOL/CUSIPACCT TYPEQUANTITYPRICEMARKET VALUEACCRUED INTERESTESTIMATED ANNUAL INCOMECURRENT YIELD (%)
FEDERAL NATIONAL MTG ASSNMRGN15,227,2789.77941,489,13013,668819,98955.0650
SERIES 2003-49 CLASS SW
DATED DATE 04/30/03
BOOK ENTRY ONLY
DUE 01/25/2033 5,385%
FACTOR = .62646272
Total Government& Agency Obligations$8,637,255$111,939$3,031,045
Corporate Bonds
DESCRIPTIONSYMBOL/CUSIPACCT TYPEQUANTITYPRICEMARKET VALUEACCRUED INTERESTESTIMATED ANNUAL INCOMECURRENT YIELD (%)
FANNIE MAE CMO/SERIES 2003-13
S RCR-I/O FLTR
DATED DATE 02/25/03
BOOK ENTRY ONLY
DUE 03/25/2033 6,385%
FACTOR = .60445153		MRGN30,222,57413.43664,060,89332,1651,929,71147.5194
Total CorporateBonds$4,060,893$32,165$1,929,711
TOTAL FIXED INCOME$12,698,148$144,104$4,960,756
YOUR PORTFOLIOHOLDINGSACCRUED INTEREST$144,104
YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME$4,960,756
YOUR PRICED PORTFOLIOHOLDINGS$12,746,661
027 09/01/04;08:31 001 EFTA00195837 6 of 14 FINANCIAL TRUST CO INC ## Repurchase and Reverse Repurchase Transactions STATEMENT PERIOD July 31, 2004 | THROUGH | August 31, 2004 | | :--- | :--- | TAXPAYER NUMBER On File | LAST STATEMENT | July 30, 2004 | | :--- | :--- |
PURCHASE/ START DATEREPURCHASE DATEPRICING RATEPURCHASE PRICE/ PRINCIPALACCRUED REPO INTEREST*QUANTITY (FACE AMOUNT)CUSIPDESCRIPTION
YOU SOLD (REPO)07/09/0410/12/041.790-3,739,000-10,039-44,389,962GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-2 CLASS S 5.6000 01/16/34
YOU SOLD (REPO)07/09/0410/12/041.790-5,866,000-15,750-44,000,000GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-5 CLASS P 5.3500 02/20/33
YOU SOLD (REPO)08/12/0409/13/041.800-9,788,000-9,788-50,000,000F H L M C - STRIP PRINCIPAL ONLY
YOU PROVIDED (MARGIN)08/19/04OPEN0.000-50,000,000FEDERAL HOME LOAN MTG CORP SERIES 2488 CLASS SQ 6.4000 03/15/32
YOU SOLD (REPO)08/27/0409/02/041.710-6,200,000-1,472-10,000,000GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-2 CLASS S 11.2000 01/16/34
YOU BOUGHT (REVERSE)08/06/04OPEN1.29050,375,00041,60150,000,000USTR 2.7500 07/31/06
TOTAL REVERSE REPURCHASE TRANSACTIONS$50,375,000$41,601
TOTAL REPURCHASE TRANSACTIONS$-25,593,000$-37,049
*As of statement date* 027 09/01/04;08:31 001 V862 EFTA00195838 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 7 of 14 FINANCIAL TRUST CO INC Transaction Detail ## INVESTMENT ACTIVITY
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSPQUANTITYPRICEDEBT AMOUNTCREDIT AMOUNT
08/02/0407/30/04BOUGHTUNITED STATES TREASURY NOTE DUE 06/30/2006, 02,750% JD 30
YIELD 2,880 % TO MATURITY GVER REF # G2121013 A1		25,000,000
ACCR. INT.		100.1289125,032,226.56
61,650.82
08/02/0407/30/04BOUGHTUNITED STATES TREASURY NOTE DUE 06/30/2006, 02,750% JD 30
Yield 2,880 % TO MATURITY GVER REF # G2121013 B1		50,000,000
ACCR. INT.		100.1289150,064,453.13
123,301.63
08/02/0407/30/04SOLDUNITED STATES TREASURY NOTE DUE 07/31/2006, 02,750% JJ 31
Yield 2,718 % TO MATURITY GVER REF # G2121008 A1		-25,000,000100.06250
ACCR. INT.		25,015,625.00
3,736.41
08/02/0407/30/04SOLDUNITED STATES TREASURY NOTE DUE 07/31/2006, 02,750% JJ 31
Yield 2,718 % TO MATURITY GVER REF # G2121008 B1		-50,000,000100.06250
ACCR. INT.		50,031,250.00
7,472.83
08/06/0408/05/04BOUGHTUNITED STATES TREASURY NOTE DUE 07/31/2006, 02,750% JJ 31
Yield 2,824 % TO MATURITY GVER REF # G2181004 A1		25,000,000
ACCR. INT.		100.2421925,060,546.88
11,209.23
08/12/0408/10/04BOUGHTFEDER HOME LOAN MTG CORP#S02684 SERIES 211 CL PO DUE 02/01/2032 0987021011332 REF # 2004081057470000 BS13,222,09182.4375010,899,961.68
08/16/04PRINCIPALFEDER HOME LOAN MTG CORP SERIES 2483 CL SL 5,620 DUE 031/15/32 PRINCIPAL REDUCTN 08-15-04-363,943
08/16/04PRINCIPALFEDER HOME LOAN MTG CORP SERIES 2488 CLASS SQ 6,620 DUE 03/15/32 PRINCIPAL REDUCTN 08-15-04-315,458
027 09/01/04;08:31 001 EFTA00195839 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 8 of 14 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD July 31, 2004 | THROUGH | August 31, 2004 | | :--- | :--- | ## INVESTMENT ACTIVITY (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 30, 2004 | | :--- | :--- |
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSPQUANTITYPRICEDEBIT AMOUNTCREDIT AMOUNT
08/16/04PRINCIPALFEDERAL HOME LOAN MTG CORP
SERIES 2530 CLASS SE
6,020 DUE 02/15/32
PRINCIPAL REDUCTN 08-15-04		-434,507
08/16/04PRINCIPALFEDERAL HOME LOAN MTG CORP
SERIES 2526 CLASS SI
5,620 DUE 02/15/32
PRINCIPAL REDUCTN 08-15-04		-186,383
08/16/04PRINCIPALGOVERNMENT NATIONAL MTG ASSN
SERIES 2004-2 CLASS SG
11,620 DUE 01/16/34
PRIN ID 08-04 PID 08-16-04
REPO P & I 11,6200		100,872.80
08/18/04EXPIREDPUT TSY 31/8 05/07
EUROPUT STRK 99-20
EXP 08/13/2004		-50,000,000
08/20/04JOURNALFEDERAL HOME LOAN MTG CORP
SERIES 2488 CLASS SG
5,600 DUE 03/15/32
AUDIT POSITION		3
08/25/04PRINCIPALFEDERAL NATIONAL MTG ASSN
STRIP MTG SERIES 322 CL PO
0,001 DUE 03/01/32
PRIN ID/DT 07-04 PID 08-25-04
REPO P & I 0,0000		106,962.15
08/25/04PRINCIPALFANNNE MAE CMO/SERIES 2003-13
S RCR-I/O FLTR
6,550 DUE 03/25/33
PRINCIPAL REDUCTN 08-25-04		-564,215
08/25/04PRINCIPALFEDERAL NATIONAL MTG ASSN
SERIES 2003-49 CLASS SW
5,550 DUE 01/25/33
PRINCIPAL REDUCTN 08-25-04		-284,273
TOTAL-111,253,349.93$75,265,919.19
027 09/01/04;08:31 001 EFTA00195840 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 9 of 14 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD July 31, 2004 INTEREST | THROUGH | August 31, 2004 | | :--- | :--- | AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 30, 2004 | | :--- | :--- |
DATEDESCRIPTIONSYMBOL/CUSIPQUANTITYRATE (%)DEBIT AMOUNTCREDIT AMOUNT
08/02/04AVG BAL 311,731RT 0,581
021 OFFICE INTEREST 0704		156.05
08/16/04FEDERAL HOME LOAN MTG CORP
SERIES 2471 CLASS YT
DUE 03/15/2032 1,000
INT R/D 07-04 P/D 08-15-04
REPO P & I 1,000		1.000022,048.12
08/16/04FEDERAL HOME LOAN MTG CORP
SERIES 2489 CL SL
DUE 03/15/2032 5,620
INTEREST PAYMENT 08-15-04		5.620071,955.30
08/16/04FEDERAL HOME LOAN MTG CORP
SERIES 2489 CLASS SD
DUE 03/15/2032 6,620
INTEREST PAYMENT 08-15-04		6.620073,466.97
08/16/04FEDERAL HOME LOAN MTG CORP
SERIES 2530 CLASS SE
DUE 02/15/2032 6,020
INTEREST PAYMENT 08-15-04		6.020088,774.97
08/16/04FEDERAL HOME LOAN MTG CORP
SERIES 2526 CLASS SI
DUE 02/15/2032 5,620
INTEREST PAYMENT 08-15-04		5.620035,550.03
08/16/04GOVERNMENT NATIONAL MTG ASSN
SERIES 2004-2 CLASS SB
DUE 01/16/2034 5,810
INT R/D 08-04 P/D 08-16-04
REPO P & I 5,8100		5.8100205,817.52
08/16/04GOVERNMENT NATIONAL MTG ASSN
SERIES 2004-2 CLASS SG
DUE 01/16/2034 11,620
INT R/D 08-04 P/D 08-16-04
REPO P & I 11,6200		11.620092,479.38
027 09/01/04;08:31 001 EFTA00195841 BEAR STEARNS CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 10 of 14 FINANCIAL TRUST CO INC ## Transaction Detail (continued) STATEMENT PERIOD July 31, 2004 | THROUGH | August 31, 2004 | | :--- | :--- | INTEREST (continued) TAXPAYER NUMBER On File | LAST STATEMENT | July 30, 2004 | | :--- | :--- |
DATEDESCRIPTIONSYMBOL/CUSIPQUANTITYRATE (%)DEBIT AMOUNTCREDIT AMOUNT
08/20/04GOVERNMENT NATIONAL MTG ASSN
SERIES 2004-5 CLASS PS
DUE 02/20/2033 5,530
INT R/D 07-04 P/D 08-20-04
REPO P & I 5,5300		5.5300202,766.67
08/25/04FANNIE MAE CMO/SERIES 2003-13
S RCR-I/O FLTR
DUE 03/25/2033 6,550
INTEREST PAYMENT 08-25-04		6.5500168,044.57
08/25/04FEDERAL NATIONAL MTG ASSN
SERIES 2003-49 CLASS SW
DUE 01/25/2033 5,550
INTEREST PAYMENT 08-25-04		5.550071,740.92
TOTAL$1,032,800.50
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear, Stearns& Co.Inc.
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSIPQUANTITYDEBIT AMOUNTCREDIT AMOUNT
08/02/04JOURNALGOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG 11,620 DUE 01/16/34 FITM AZ TERM REPO AGREEMENT9,550,3656,225,000.00
08/02/04JOURNALGOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG 11,620 DUE 01/16/34 FITM A1 REPO AGREEMENT-9,550,3657,080,000.00
08/02/04DELIVEREDUNITED STATES TREASURY NOTE DUE 06/30/2006 2,750 2,750 DUE 06/30/06 FITM A2 TERM RESALE AGREEMENT-75,000,00075,562,500.00
| 027 | 09/01/04;08:31 | 001 | V862 | | :--- | :--- | :--- | :--- | EFTA00195842 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 11 of 14 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD July 31, 2004 | THROUGH | August 31, 2004 | | :--- | :--- | ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 30, 2004 | | :--- | :--- |
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSIPQUANTITYDEBIT AMOUNTCREDIT AMOUNT
08/02/04RECEIVEDUNITED STATES TREASURY NOTE
DUE 07/31/2006 2,750
2,750 DUE 07/31/06
FITM F2151023 A1
RESALE AGREEMENT		75,000,00075,375,000.00
08/02/04INTERESTGOVERNMENT NATIONAL MTG ASSN
SERIES 2004-2 CLASS S0
DUE 01/18/2003 11,620
FITM REPO INTEREST		1,348.75
08/02/04INTERESTUNITED STATES TREASURY NOTE
DUE 06/30/2006 2,750
FITM A2
RESALE INTEREST		50,416.98
08/06/04RECEIVEDUNITED STATES TREASURY NOTE
DUE 07/31/2006 2,750
2,750 DUE 07/31/06
FITM F2151023 A2
TERM RESALE AGREEMENT		50,000,00050,375,000.00
08/06/04DELIVEREDUNITED STATES TREASURY NOTE
DUE 07/31/2006 2,750
2,750 DUE 07/31/06
FITM F2151023 A2
TERM RESALE AGREEMENT		-75,000,00075,375,000.00
08/06/04INTERESTUNITED STATES TREASURY NOTE
DUE 07/31/2006 2,750
FITM F2151023 A2
RESALE INTEREST		8,856.56
08/12/04JOURNALFEDL HOME LOAN MTG CORP#S02684
SERIES 218 CL PO
DUE 02/01/32
FITM F2263160 A1
REPO AGREEMENT		-13,222,0919,788,000.00
08/12/04JOURNALFEDERAL NATIONAL MTG ASSN
STRIP MTG SERIES 322 CL PO
0.001 DUE $0001.02
FITM A4
TERM REPO AGREEMENT		4,278,010
027 09/01/04;08:31 001 EFTA00195843 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 12 of 14 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD July 31, 2004 | THROUGH | August 31, 2004 | | :--- | :--- | ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 30, 2004 | | :--- | :--- |
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSIPQUANTITYDEBIT AMOUNTCREDIT AMOUNT
08/12/04JOURNALFEDERAL NATIONAL MTG ASSN
STRIP MTG SERIES 322 CL PO
0,001 DUE 03/01/32
FITM A1
REPO AGREEMENT		-4,278,010310,000.00
08/16/04JOURNALFEDERAL NATIONAL MTG ASSN
STRIP MTG SERIES 322 CL PO
0,001 DUE 03/01/32
FITM A2
TERM REPO AGREEMENT		4,278,010310,000.00
08/16/04INTERESTFEDERAL NATIONAL MTG ASSN
STRIP MTG SERIES 322 CL PO
DUE 03/01/2002
0,001
FITM A2
REPO INTEREST		62.00
08/19/04JOURNALFEDERAL HOME LOAN MTG CORP
SERIES 2488 CLASS SQ
6,400 DUE 03/15/32
FITM A1
REPO AGREEMENT		-13,001,818
08/27/04JOURNALGOVERNMENT NATIONAL MTG ASSN
SERIES 2004-2 CLASS SG
11,200 DUE 01/16/34
FITM A1
REPO AGREEMENT		-9,449,4936,145,000.00
08/27/04JOURNALGOVERNMENT NATIONAL MTG ASSN
SERIES 2004-2 CLASS SG
11,200 DUE 01/16/34
FITM A2
REPO AGREEMENT		9,449,4936,145,000.00
08/27/04JOURNALGOVERNMENT NATIONAL MTG ASSN
SERIES 2004-2 CLASS SG
11,200 DUE 01/16/34
FITM A3
REPO AGREEMENT		-9,449,4936,150,000.00
027 09/01/04;08:31 001 EFTA00195844 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 13 of 14 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD July 31, 2004 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) | THROUGH | August 31, 2004 | | :--- | :--- | ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 30, 2004 | | :--- | :--- |
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSIPQUANTITYDEBIT AMOUNTCREDIT AMOUNT
08/27/04JOURNALGOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG 11,200 DUE 01/16/34 FITM REPO AGREEMENT9,449,4936,150,000.00
08/27/04JOURNALGOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG 11,200 DUE 01/16/34 FITM A5 REPO AGREEMENT-9,449,4936,200,000.00
08/27/04JOURNALGOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG 11,200 DUE 01/16/34 FITM A2 TERM REPO AGREEMENT9,449,4937,080,000.00
08/27/04JOURNALGOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG 11,200 DUE 01/16/34 FITM A1 REPO AGREEMENT-9,449,4937,232,000.00
08/27/04JOURNALGOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG 11,200 DUE 01/16/34 FITM A2 REPO AGREEMENT9,449,4937,232,000.00
08/27/04INTERESTGOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG DUE 01/16/2034 11,200 FITM REPO INTEREST8,407.50
TOTAL-158,901,818.25$193,901,773.54
027 09/01/04;08:31 001 EFTA00195845 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 14 of 14 ## MISCELLANEOUS ## **Transaction Detail** (continued) FINANCIAL TRUST CO INC
DATE MO/DAYTRANSACTIONDESCRIPTIONDEBIT AMOUNTCREDIT AMOUNT
08/02/04RECEIVEDFITM
POOL COUPON 2,7500 FINANCING NET PAIROFF DIFF		482.76
08/16/04JOURNALJULY 04 SPEC CLEARING FEES300.00
TOTAL-782.76
STATEMENT PERIOD July 31, 2004 THROUGH August 31, 2004 ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 30, 2004 | | :--- | :--- | ## Trades Executed Pending Settlement
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSIPQUANTITYPRICEDEBIT AMOUNTCREDIT AMOUNT
09/15/0408/10/04SOLDFNMA-30YR(FNMA)GTD
SETT,09//04
DUE 09/01/2034 05,500%
REF # 2004081057320000 BS		-30,000,000.00100.828130,248,437.50
TOTAL$0.00$30,248,437.50
The above trades do not appear in any other section of this statement. ******* End of Statement******* 027 09/01/04;08:31 001