Bear Stearns brokerage statement for Financial Trust Co Inc, October 2005

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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 4¶

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¶

NET CREDIT BALANCE	132,001
NET EQUITY THIS PERIOD	$132,001
NET EQUITY LAST STATEMENT	114,805
CHANGE SINCE LAST STATEMENT	17,196

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

FINANCIAL TRUST CO INC¶

| LAST STATEMENT | September 30, 2005 |¶

| :--- | :--- |¶

STATEMENT PERIOD October 1, 2005¶

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

THROUGH October 31, 2005¶

Market Value of Your Portfolio¶

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¶

	THIS PERIOD
OpeningBalance	$114,805.20
Securities Sold	119,604,887.50
Dividends/Interest	521.39
Miscellaneous	152,754.39
Amount Credited	$119,758,163.28
Securities Bought	-100,472,656.25
Funds Withdrawn	-63,185.00
Miscellaneous	-19,205,126.00
Amount Debited	$-119,740,967.25
Net Cash Activity	17,196.03
Closing Balance	$132,001.23

Income Summary¶

	THIS PERIOD	YEAR TO DATE
U.S.Govt.Bond Int.	0.00	4,718,243.44
Govt.Agency Int.	0.00	6,167,659.06
Corp.Bond Int.	0.00	1,279,184.80
Credit Balance Int.	521.39	6,795.78
Reverse Repurchase Int.	32,231.25	1,636,307.17
Total	$32,752.64	$13,808,190.25
Bond Purchase Int.	0.00	-6,596,679.06
Repurchase Int. Exp.	0.00	-1,761,173.79

Cash Balance Summary¶

Portfolio Composition¶

	OPENING	CLOSING
Margin	114,805.20	132,001.23
Net Cash Balance	$114,805.20	$132,001.23

Cash/Cash Equivalent	132,001
Total	$132,001

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSIDIARY¶

FINANCIAL TRUST CO INC¶

STATEMENT PERIOD October 1, 2005¶

THROUGH October 31, 2005¶

ACCOUNT NUMBER¶

| LAST STATEMENT | September 30, 2005 |¶

| :--- | :--- |¶

Your Portfolio Allocation¶

TAXPAYER NUMBER On File¶

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BEAR STEARNS¶

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

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CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

Your Portfolio Holdings¶

CASH & CASH EQUIVALENTS¶

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
CASH BALANCE				132,001
TOTAL CASH & CASH EQUIVALENTS				$132,001

FINANCIAL TRUST CO INC¶

YOUR PRICED PORTFOLIOHOLDINGS	$132,001

STATEMENT PERIOD October 1, 2005¶

THROUGH October 31, 2005¶

ACCOUNT NUMBER¶

INVESTMENT ACTIVITY¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | September 30, 2005 |¶

| :--- | :--- |¶

Transaction Detail¶

Settlement Date	Trade Date	Transaction	Description	SYMBOL/CUSIP	Quantity	Price	Debit Amount	Credit Amount
10/13/05	09/16/05	BOUGHT	FNMA-30YR(FNMA)GTD SETT,10/05 DUE 10/01/2035 05,500% REF # 2005091657250000 BS		50,000,000	100.32031	50,160,156.25
10/13/05	09/07/05	CANCEL SELL	FNMA-30YR(FNMA)GTD SETT,10/05 DUE 10/01/2035 05,500% REF # 2005090757170000 BS AS OF 09/07/05 TO CXL PREVIOUS SELL		50,000,000	100.62500	50,312,500.00

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

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶

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FINANCIAL TRUST CO INC¶

Transaction Detail (continued)¶

STATEMENT PERIOD October 1, 2005¶

INVESTMENT ACTIVITY (continued)¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
10/13/05	09/16/05	CANCEL BUY	FNMA-30YR(FNMA)GTD SETT,10/05 DUE 10/01/2035,05,500% REF # 2005091657250000 BS AS OF 09/16/05 TO CXL PREVIOUS BUY		-50,000,000	100.32031		50,160,156.25
10/13/05	09/07/05	SOLD	FNMA-30YR(FNMA)GTD SETT,10/05 DUE 10/01/2035,05,500% REF # 2005090757170000 BS		-50,000,000	100.62500		50,312,500.00

DEPOSITS AND WITHDRAWALS¶

DATE	TRANSACTION	DESCRIPTION	DEBIT AMOUNT	CREDIT AMOUNT
10/12/05	FND WIRED	MDA# FNDS WIRED TO RANKAMERICA INTERNATIONAL	63,185.00
TOTAL			-63,185.00

INTEREST¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
10/03/05	AVG BAL 224,631RT 2.785 021 OFFICE INTEREST 0905					521.39
TOTAL							$521.39

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BEAR STEARNS¶

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

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

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FINANCIAL TRUST CO INC¶

Transaction Detail (continued)¶

STATEMENT PERIOD October 1, 2005¶

THROUGH October 31, 2005¶

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

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | September 30, 2005 |¶

| :--- | :--- |¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	DEBIT AMOUNT	CREDIT AMOUNT
10/14/		JOURNAL	ADP CD FITM-PR F263321901D 8,625 DUE 12/31/49				19,100,000.00
10/14/		INTEREST	ADP CD DUE 12/31/2049 8,625 FITM-PR F263321901D				32,231.25
TOTAL							$19,132,231.25

MISCELLANEOUS¶

DATE MO/DAY	TRANSACTION	DESCRIPTION	DEBIT AMOUNT	CREDIT AMOUNT
10/06/05	JOURNAL	FR CMDY A/C		410.64
10/13/05	JOURNAL	FNMA-30YR(FNMA)GTD SETT,10/05 5,500 DUE 10/01/35 MBS NET 10/13/05		152,343.75
10/17/05	JOURNAL	FINAL REDEMPTION	19,203,776.00
10/21/05	JOURNAL	9/05 SPEC PART 2 CLR FEES	1,350.00
TOTAL			-19,205,126.00	$152,754.39

******* End of Statement*******¶

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