## Statements

EFTA00195963



CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY



<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>



FINANCIAL TRUST CO INC

STATEMENT PERIOD December 1, 2005

THROUGH December 30, 2005

ACCOUNT NUMBER

TAXPAYER NUMBER On File

| LAST STATEMENT | November 30, 2005 |

| :--- | :--- |

## Your Portfolio at a Glance

<table border="1"><tr><td>NET CREDIT BALANCE</td><td>137,909</td><td>Cash</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$137,909</td><td></td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>137,131</td><td></td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>778</td><td></td></tr></table>

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

Market Value of Your Portfolio

If any information regarding 2005 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 31,2006 or a 1042S by March 15,2006.



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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Cash Flow Analysis

<table border="1"><tr><td></td><td>THIS PERIOD</td></tr><tr><td>Opening Balance</td><td>$137,131.41</td></tr><tr><td>Dividends/Interest</td><td>778.08</td></tr><tr><td>Amount Credited</td><td>$778.08</td></tr><tr><td>Net Cash Activity</td><td>778.08</td></tr><tr><td>Closing Balance</td><td>$137,909.49</td></tr></table>

Income Summary

Cash Balance Summary

<table border="1"><tr><td></td><td>THIS PERIOD</td><td>YEAR TO DATE</td></tr><tr><td>U.S.Govt.Bond Int.</td><td>0.00</td><td>4,718,243.44</td></tr><tr><td>Govt.Agency Int.</td><td>0.00</td><td>6,167,659.06</td></tr><tr><td>Corp.Bond Int.</td><td>0.00</td><td>1,279,184.80</td></tr><tr><td>Credit Balance Int.</td><td>778.08</td><td>12,704.04</td></tr><tr><td>Reverse Repurchase Int.</td><td>0.00</td><td>1,636,307.17</td></tr><tr><td>Total</td><td>$778.08</td><td>$13,814,098.51</td></tr><tr><td>Bond Purchase Int.</td><td>0.00</td><td>-6,596,679.06</td></tr><tr><td>Repurchase Int. Exp.</td><td>0.00</td><td>-1,761,173.79</td></tr></table>

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Margin</td><td>137,131.41</td><td>137,909.49</td></tr><tr><td>Net Cash Balance</td><td>$137,131.41</td><td>$137,909.49</td></tr></table>

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>137,909</td></tr><tr><td>Total</td><td>$137,909</td></tr></table>

## CASH & CASH EQUIVALENTS

## Your Portfolio Holdings



CLEARED THROUGH ITS

WHOLLY OWNED SUBSDIARY



<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>137,909</td><td></td><td></td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$137,909</td><td></td><td></td></tr></tbody></table>



FINANCIAL TRUST CO INC

STATEMENT PERIOD December 1, 2005

THROUGH December 30, 2005



ACCOUNT NUMBER



Your Portfolio Allocation

| LAST STATEMENT | November 30, 2005 |

| :--- | :--- |

TAXPAYER NUMBER On File

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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 PORTFOLIOHOLDINGS</th><th>$137,909</th></tr></thead></table>

FINANCIAL TRUST CO INC



Transaction Detail




INTEREST


STATEMENT PERIOD December 1, 2005

THROUGH December 30, 2005

ACCOUNT NUMBER

TAXPAYER NUMBER On File

<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>12/01/05</td><td>AVG BAL 137,131RT 3.288<br>021 OFFICE INTEREST 1105</td><td></td><td></td><td></td><td></td><td>375.77</td></tr><tr><td>12/30/05</td><td>AVG BAL 137,507RT 3.397<br>021 OFFICE INTEREST 1205</td><td></td><td></td><td></td><td></td><td>402.31</td></tr><tr><td colspan="6">TOTAL</td><td>$778.08</td></tr></tbody></table>

| LAST STATEMENT | November 30, 2005 |

| :--- | :--- |





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


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