EFTA00195977

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 ... 36

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 ACCOUNT NUMBER TAXPAYER NUMBER On File FINANCIAL TRUST CO INC | LAST STATEMENT | August 31, 2005 | | :--- | :--- | STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005 Market Value of Your Portfolio There are no "Stop Loss" orders or other pending buy or sell open orders on file for your account. | 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 | 10/01/05:11:50 001 | V896 EFTA00195978 2 of 36 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 EFTA00195979 3 of 36 Cash Flow Analysis

	THIS PERIOD
OpeningBalance	$221,487.52
Securities Sold	1,385,266,708.58
Dividends/Interest	1,182,572.79
Miscellaneous	745,735.38
Amount Credited	$1,387,195,016.75
Securities Bought	-1,385,814,343.72
Dividends/Interest Charged	-275,121.67
Miscellaneous	-1,212,233.68
Amount Debited	$-1,387,301,699.07
Net Cash Activity	-106,682.32
Closing Balance	$114,805.20

Income Summary

	THIS PERIOD	YEAR TO DATE
U.S.Govt.Bond Int.	198,148.87	4,718,243.44
Govt.Agency Int.	775,394.53	6,167,659.06
Corp.Bond Int.	136,678.49	1,279,184.80
Credit Balance Int.	951.82	6,274.39
Reverse Repurchase Int.	80,288.31	1,604,075.92
Total	$1,191,462.02	$13,775,437.61
Bond Purchase Int.	-203,722.59	-6,596,679.06
Repurchase Int. Exp.	-260,593.74	-1,761,173.79

Cash Balance Summary Portfolio Composition

	OPENING	CLOSING
Margin	221,487.52	114,805.20
Net Cash Balance	$221,487.52	$114,805.20

Cash/Cash Equivalent	114,805
Total	$114,805

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD(%)
CASH BALANCE				114,805
TOTAL CASH&CASH EQUIVALENTS				$114,805
YOUR PRICED PORTFOLIOHOLDINGS				$114,805

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY FINANCIAL TRUST CO INC ## INVESTMENT ACTIVITY Transaction Detail STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005 AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2005 | | :--- | :--- |

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	DEBIT AMOUNT
09/01/05	08/31/05	BOUGHT	UNITED STATES TREASURY NOTE DUE 08/31/2007 04,000% FA 28	18,000,000	100,11719	18,021,093.75
			YIELD 3,938 % TO MATURITY GVER REF # A1	ACCR, INT.		1,988.95

09/02/05	09/01/05	BOUGHT	UNITED STATES TREASURY NOTE DUE 08/15/2015 04,250% FA 15	5,000,000	101,70313	5,085,156.25
09/02/05	09/01/05	BOUGHT	YIELD 4,040 % TO MATURITY GVER REF # G2442669 A1	ACCR, INT.		10,394.02
09/02/05	09/01/05	BOUGHT	UNITED STATES TREASURY NOTE DUE 08/31/2007 04,000% FA 28	10,000,000	100,49219	10,049,218.75
09/02/05	09/01/05	BOUGHT	YIELD 3,741 % TO MATURITY GVER REF # G2443875 A1	ACCR, INT.		2,209.94

027 10/01/05;11:50 001 EFTA00195981 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY **5 of 36** FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2005 ## INVESTMENT ACTIVITY (continued) THROUGH September 30, 2005

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
09/02/05	09/01/05	BOUGHT	UNITED STATES TREASURY NOTE DUE 08/31/2007, 04,000% FA 28 YIELD 3,709 % IO MATURITY GVER REF # G2443878 A1	10,000,000 ACCR, INT.	100,55469	10,055,468,75 2,209,94
09/07/05	09/06/05	SOLD	UNITED STATES TREASURY NOTE DUE 08/31/2007, 04,000% FA 28 Yield 3,814 % IO MATURITY GVER REF # G2494731 A1	-10,000,000	100,35156 ACCR, INT.		10,035,156,25 7,734,81
09/08/05	09/07/05	SOLD	UNITED STATES TREASURY NOTE DUE 08/15/2015, 04,250% FA 15 Yield 4,118 % IO MATURITY GVER REF # G2503140 A1	-5,000,000	101,06250 ACCR, INT.		5,053,125,00 13,858,70
09/08/05		PRINGIPAL	FED HOME LOAN MIG CORP#S10109 SERIES 227 CLASS IO 5,000 DUE 1201/34 PRINCIPAL REDUCTN 09-15-05	-6,399
09/13/05	09/12/05	SOLD	UNITED STATES TREASURY NOTE DUE 08/31/2007, 04,000% FA 28 Yield 3,908 % IO MATURITY GVER REF # G2552294 A1	-20,000,000	100,17188 ACCR, INT.		20,034,375,00 28,729,28
09/14/05	08/03/05	CANCEL SELL	FNMA-30Y/RF/NMA/GTD SETT,09/05 DUE 09/01/2035, 05,000% REF # 2005080357150000 BS AS OF 08/03/05 TO CXL PREVIOUS SELL	10,000,000	98,20313	9,820,312,50
09/14/05	08/31/05	BOUGHT	FNMA-30Y/RF/NMA/GTD SETT,09/05 DUE 09/01/2035, 05,000% REF # 2005083157020000 BS	10,000,000	99,09375	9,909,375,00

027 10/01/05;11:50 001 EFTA00195982 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 6 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2005 ## INVESTMENT ACTIVITY (continued) THROUGH September 30, 2005 ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2005 | | :--- | :--- |

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	DEBIT AMOUNT
09/14/05	08/11/05	CANCEL SELL	FNMA-30YR(FNMA)GTD SETT,09/05 DUE 09/01/2035 05,000% REF # 2005081157170000 BS AS OF 08/11/05 TO CXL PREVIOUS SELL	50,000,000	98,15625	49,078,125.00
09/14/05	08/11/05	BOUGHT	FNMA-30YR(FNMA)GTD SETT,09/05 DUE 09/01/2035 05,000% REF # 2005081157230000 BS	50,000,000	98,17188	49,085,937.50
09/14/05	08/17/05	CANCEL SELL	FNMA-30YR(FNMA)GTD SETT,09/05 DUE 09/01/2035 05,000% REF # 2005081157260000 BS AS OF 08/17/05 TO CXL PREVIOUS SELL	50,000,000	98,30078	49,150,390.63
09/14/05	08/17/05	BOUGHT	FNMA-30YR(FNMA)GTD SETT,09/05 DUE 09/01/2035 05,000% REF # 2005081157170000 BS	50,000,000	98,38281	49,191,406.25
09/14/05	08/19/05	BOUGHT	FNMA-30YR(FNMA)GTD SETT,09/05 DUE 09/01/2035 05,000% REF # 2005081957060000 BS	50,000,000	98,49219	49,246,093.75
09/14/05	08/19/05	CANCEL SELL	FNMA-30YR(FNMA)GTD SETT,09/05 DUE 09/01/2035 05,000% REF # 2005081957090000 BS AS OF 08/19/05 TO CXL PREVIOUS SELL	50,000,000	98,55078	49,275,390.63

027 10/01/05;11:50 001 EFTA00195983 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 7 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2005 ## INVESTMENT ACTIVITY (continued) THROUGH September 30, 2005 ACCOUNT NUMBER | LAST STATEMENT | August 31, 2005 | | :--- | :--- | TAXPAYER NUMBER On File

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	CREDIT AMOUNT
09/14/05	08/03/05	SOLD	FNMA-30YR(FNMA)GTD SETT,09/05 DUE 09/01/2035 05,000% REF # 2005080157150000 BS	-10,000,000	98,20313	9,820,312,50
09/14/05	08/31/05	CANCEL BUY	FNMA-30YR(FNMA)GTD SETT,09/05 DUE 09/01/2035 05,000% REF # 2005081157020000 BS AS OF 08/03/05 TO CAL_PREVIOUS BUY	-10,000,000	99,09375	9,909,375,00
09/14/05	08/11/05	SOLD	FNMA-30YR(FNMA)GTD SETT,09/05 DUE 09/01/2035 05,000% REF # 2005081157170000 BS	-50,000,000	98,15625	49,078,125,00
09/14/05	08/11/05	CANCEL BUY	FNMA-30YR(FNMA)GTD SETT,09/05 DUE 09/01/2035 05,000% REF # 2005081157230000 BS AS OF 08/11/05 TO CAL_PREVIOUS BUY	-50,000,000	98,17188	49,085,937,50
09/14/05	08/17/05	SOLD	FNMA-30YR(FNMA)GTD SETT,09/05 DUE 09/01/2035 05,000% REF # 2005081757260000 BS	-50,000,000	98,30078	49,150,390,63
09/14/05	08/17/05	CANCEL BUY	FNMA-30YR(FNMA)GTD SETT,09/05 DUE 09/01/2035 05,000% REF # 2005081757170000 BS AS OF 08/17/05 TO CAL_PREVIOUS BUY	-50,000,000	98,38281	49,191,406,25

027 10/01/05;11:50 001 EFTA00195984 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 8 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued) STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005 ACCOUNT NUMBER | LAST STATEMENT | August 31, 2005 | | :--- | :--- | TAXPAYER NUMBER On File

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
09/14/05	08/19/05	CANCEL BUY	FNMA-30YR(FNMA)GTD SETT,09/05 DUE 09/01/2035,05,000% REF # 2005081957060000 BS AS OF 08/19/05 TO CXL PREVIOUS BUY	-50,000,000	98,49219		49,246,093,75
09/14/05	08/19/05	SOLD	FNMA-30YR(FNMA)GTD SETT,09/05 DUE 09/01/2035,05,000% REF # 2005081957090000 BS	-50,000,000	98,55078		49,275,390,63
09/14/05	08/03/05	CANCEL SELL	FNMA-30YR(FNMA)GTD SETT,09/05 DUE 09/01/2035,05,500% REF # 2005080357170000 BS AS OF 08/03/05 TO CXL PREVIOUS SELL	1,000,000	100,28516	1,002,851,56
09/14/05	09/07/05	BOUGHT	FNMA-30YR(FNMA)GTD SETT,09/05 DUE 09/01/2035,05,500% REF # 2005080757140000 BS	50,000,000	100,75781	50,378,906,25
09/14/05	09/01/05	BOUGHT	FNMA-30YR(FNMA)GTD SETT,09/05 DUE 09/01/2035,05,500% REF # 2005090157020000 BS	50,000,000	101,17188	50,585,937,50
09/14/05	08/03/05	CANCEL SELL	FNMA-30YR(FNMA)GTD SETT,09/05 DUE 09/01/2035,05,500% REF # 2005080357190000 BS AS OF 08/03/05 TO CXL PREVIOUS SELL	99,000,000	100,26563	99,262,968,75

027 10/01/05;11:50 001 EFTA00195985 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 9 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2005 ## INVESTMENT ACTIVITY (continued) THROUGH September 30, 2005 TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2005 | | :--- | :--- |

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
09/14/05	08/03/05	SOLD	FNMA-30YR(FNMA)GTD SETT.09/05 DUE 09/01/2035 05,500% REF # 2005080357170000 BS	-1,000,000	100,28516		1,002,851,56
09/14/05	09/07/05	CANCEL BUY	FNMA-30YR(FNMA)GTD SETT.09/05 DUE 09/01/2035 05,500% REF # 2005090757140000 BS AS OF 09/07/05 TO CXL PREVIOUS BUY	-50,000,000	100,75781		50,378,906,25
09/14/05	09/01/05	CANCEL BUY	FNMA-30YR(FNMA)GTD SETT.09/05 DUE 09/01/2035 05,500% REF # 2005090157020000 BS AS OF 09/01/05 TO CXL PREVIOUS BUY	-50,000,000	101,17188		50,585,937,50
09/14/05	08/03/05	SOLD	FNMA-30YR(FNMA)GTD SETT.09/05 DUE 09/01/2035 05,500% REF # 2005080357190000 BS	-99,000,000	100,26563		99,262,968,75
09/14/05	08/15/05	BOUGHT	FNMA-30YR(FNMA)GTD SETT.09/05 DUE 09/01/2035 06,000% REF # 2005081557120000 BS	50,000,000	101,96094	50,980,468,75
09/14/05	08/23/05	BOUGHT	FNMA-30YR(FNMA)GTD SETT.09/05 DUE 09/01/2035 06,000% REF # 2005082357020000 BS	50,000,000	102,04688	51,023,437,50

027 10/01/05;11:50 001 EFTA00195986 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 10 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2005 ## INVESTMENT ACTIVITY (continued) THROUGH September 30, 2005 ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2005 | | :--- | :--- |

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
09/14/05	08/16/05	CANCEL SELL	FNMA-30YR(FNMA)GTD SETT,09/05 DUE 09/01/2035 06,000% REF # 200508157090000 BS AS OF 08/16/05 TO CXL PREVIOUS SELL	50,000,000	102,08594	51,042,968 ,75
09/14/05	08/23/05	CANCEL SELL	FNMA-30YR(FNMA)GTD SETT,09/05 DUE 09/01/2035 06,000% REF # 2005082357140000 BS AS OF 08/29/05 TO CXL PREVIOUS SELL	50,000,000	102,09375	51,046,875 ,00
09/14/05	08/15/05	CANCEL BUY	FNMA-30YR(FNMA)GTD SETT,09/05 DUE 09/01/2035 06,000% REF # 200508157120000 BS AS OF 08/15/05 TO CXL PREVIOUS BUY	-50,000,000	101,96094		50,980,468 ,75
09/14/05	08/23/05	CANCEL BUY	FNMA-30YR(FNMA)GTD SETT,09/05 DUE 09/01/2035 06,000% REF # 2005082357020000 BS AS OF 08/23/05 TO CXL PREVIOUS BUY	-50,000,000	102,04688		51,023,437 ,50
09/14/05	08/16/05	SOLD	FNMA-30YR(FNMA)GTD SETT,09/05 DUE 09/01/2035 06,000% REF # 200508157090000 BS	-50,000,000	102,08594		51,042,968 ,75
09/14/05	08/23/05	SOLD	FNMA-30YR(FNMA)GTD SETT,09/05 DUE 09/01/2035 06,000% REF # 2005082357140000 BS	-50,000,000	102,09375		51,046,875 ,00

027 10/01/05;11:50 001 EFTA00195987 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 11 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2005 ## INVESTMENT ACTIVITY (continued)

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
09/16/05	09/15/05	SOLD	UNITED STATES TREASURY NOTE DUE 08/15/2015 04,250% FA 15 YIELD 4,174 % TO MATURITY GVER REF # G2583645 A1	-20,000,000	100,60938 ACCR, INT.		20,121,875,00 73,913,04
09/16/05	09/15/05	SOLD	UNITED STATES TREASURY NOTE DUE 08/15/2015 04,250% FA 15 Yield 4,174 % TO MATURITY GVER REF # G2583646 A1	-20,000,000	100,60938 ACCR, INT.		20,121,875,00 73,913,04
09/16/05	09/15/05	BOUGHT	UNITED STATES TREASURY NOTE DUE 08/31/2007 04,000% FA 28 Yield 3,857 % TO MATURITY GVER REF # G2583659 B1	10,000,000 ACCR, INT.	100,26563 ACCR, INT.	10,026,562,50 17,679,56
09/16/05	09/15/05	BOUGHT	UNITED STATES TREASURY NOTE DUE 08/31/2007 04,000% FA 28 Yield 3,857 % TO MATURITY GVER REF # G2583659 A1	50,000,000 ACCR, INT.	100,26563 ACCR, INT.	50,132,812,50 88,397,79
09/16/05		JOURNAL	FEDL_HOME_LOAN MTG CORP#S10109 SERIES 227 CLASS IO 5,000 DUE 12:01:34	-1
09/19/05	09/14/05	SOLD	GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-041 CLASS SE DUE 08/20/2030 REF # 2005091457200000 BS	-14,505,776	5,34375 ACCR, INT.		775,152,43 41,956,91
09/19/05	09/16/05	BOUGHT	UNITED STATES TREASURY NOTE DUE 08/15/2015 04,250% FA 15 Yield 4,283 % TO MATURITY GVER REF # G2594476 A1	20,000,000 ACCR, INT.	99,89063 ACCR, INT.	19,978,125,00 80,842,39

027 10/01/05;11:50 001 EFTA00195988 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 12 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued) STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	CREDIT AMOUNT
09/20/05	09/16/05	SOLD	FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO STRIP DUE 01/01/2033 REF # 2005091557320000 BS	-18,252,042	79,89063	14,581,670,75
09/20/05	09/15/05	SOLD	FANNIE MAE CMO/SERIES 2003-13 SSR-P/O FLTR DUE 03/25/2033, 04,358% REF # 2005091557240000 BS	-23,543,127	9,87500 ACCR, INT.	2,324,883,79 71,262,10
09/20/05	09/15/05	SOLD	FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW DUE 01/25/2033, 03,358% REF # 2005091557230000 BS	-11,861,918	6,96875 ACCR, INT.	826,627,47 27,667,10
09/20/05	09/15/05	SOLD	FANNIE MAE CMO/SERIES 2003-52 KS-IO FLTR DUE 07/25/2017, 03,458% REF # 2005091557280000 BS	-16,565,865	6,96875 ACCR, INT.	1,154,433,75 39,789,14
09/20/05	09/16/05	SOLD	FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS I DUE 11/01/2033 REF # 2005091557390000 BS	-19,328,957	79,76563	15,417,863,44
09/20/05	09/15/05	SOLD	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS DUE 02/20/2033, 03,340% REF # 2005091557250000 BS	-44,000,000	11,15625	4,908,750,00
09/20/05	09/15/05	SOLD	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU DUE 02/20/2032, 03,590% REF # 2005091557260000 BS TO ADJ PREVIOUS MONTH'S FACTOR AS OF 09/15/05	-23,561,075	6,03125	1,421,027,35

027 10/01/05;11:50 001 EFTA00195989 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 13 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2005 ## INVESTMENT ACTIVITY (continued) THROUGH September 30, 2005 | LAST STATEMENT | August 31, 2005 | | :--- | :--- |

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	CREDIT AMOUNT
09/20/05	09/15/05	SOLD	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-038 CLASS SP DUE 12/20/2029, 03,590% REF # 200509157272000 BS TO ADJ PREVIOUS MONTHS FACTOR AS OF 09/15/05	-14,296,550	4,53125	647,812,46
09/20/05	09/16/05	SOLD	FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 DUE 07.01.2034, 00,001% REF # 20050915738000 BS	-25,900,765	79,29688	20,538,497,86
09/20/05	09/16/05	SOLD	FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 DUE 07.01.2034, 05,000% REF # 200509157535000 BS ACCRUES ON 1ST, PAYS ON 25TH	-8,757,972	22,67188 ACCR, INT,	1,985,596,53 23,111,32
09/20/05	09/16/05	SOLD	FEDL_HOME LOAN MTG CORP#S10109 SERIES 227 CLASS 10 DUE 12/10/2034, 05,000% REF # 200509157360000 BS	-27,588,703	23,04688 ACCR, INT,	6,358,334,08 72,803,52
09/20/05	09/15/05	SOLD	FREDDIE MAC CMO/SERIES 2886 SOC I/O TIR DUE 07.15/2019, 03,531% REF # 200509157290000 BS	-8,074,610	7,28125 ACCR, INT,	587,932,59 3,960,62
09/20/05	09/15/05	SOLD	ALTERATIVE LOAN TRUST SERIES 2004-30CB CLASS 1-A-8 DUE 02/28/2035, 01,458% REF # 200509157300000 BS	-35,363,806	1,45313 ACCR, INT,	513,880,31 35,823,05
09/20/05	09/16/05	SOLD	FEDL_HOME LOAN MTG CORP#S10110 SERIES 228 CLASS 10 DUE 02/01/2035, 06,000% REF # 200509157370000 BS ACCRUES ON 1ST, PAYS ON 25TH	-16,271,372	20,07813 ACCR, INT,	3,266,986,53 51,526,01

027 10/01/05;11:50 001 EFTA00195990 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 14 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005 ## INVESTMENT ACTIVITY (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2005 | | :--- | :--- |

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
09/20/05		PRINCIPAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-035 CLASS SP 3,590 DUE 12/20/29 PRINCIPAL REDUCTN 09-20-05	-172,307
09/21/05	09/15/05	CANCEL SELL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS DUE 02/20/2033 03,160% REF # 2005091557250000 BS AS OF TD 09/15/05 SD 09/20/05 TO CXL PREVIOUS SELL	44,000,000	11,15625	4,908,750,00
09/21/05	09/15/05	SOLD	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS DUE 02/20/2033 03,160% REF # 2005091557250000 BS AS OF TD 09/15/05 SD 09/20/05 AS OF 09/15/05	-44,000,000	11,15625		4,908,750,00
09/21/05	09/15/05	CANCEL SELL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU DUE 02/20/2032 03,410% REF # 2005091557260000 BS AS OF TD 09/15/05 SD 09/20/05 TO CXL PREVIOUS SELL	23,561,075	6,03125	1,421,027,35
09/21/05	09/15/05	SOLD	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU DUE 02/20/2032 03,410% REF # 2005091557260000 BS AS OF TD 09/15/05 SD 09/20/05 AS OF 09/15/05	-23,561,075	6,03125		1,421,027,35
09/21/05	09/15/05	CANCEL SELL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-035 CLASS SP DUE 12/20/2029 03,410% REF # 2005091557270000 BS AS OF TD 09/15/05 SD 09/20/05 TO CXL PREVIOUS SELL	14,296,550	4,53125	647,812,46

027 10/01/05;11:50 001 EFTA00195991 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 15 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2005 ## INVESTMENT ACTIVITY (continued) THROUGH September 30, 2005 ACCOUNT NUMBER | LAST STATEMENT | August 31, 2005 | | :--- | :--- | TAXPAYER NUMBER On File

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	CREDIT AMOUNT
09/21/05	09/15/05	SOLD	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-035 CLASS SP DUE 12/20/2029, 03/410%	-14,296,550	4,53125	647,812,46
			REP # 2000091057270000 BS AS OF TD 09/15/05 SD 09/20/05 AS OF 09/15/05
09/21/05		JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW 3,258 DUE 01/25/33	-1
09/21/05		JOURNAL	FANNIE MAE CMO/SERIES 2003-52 KS-I/O FLTR 3,458 DUE 07/25/17	1
09/21/05		JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0,001 DUE 07/01/34	1
09/21/05		JOURNAL	FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS IO 5,000 DUE 12/01/34	1
09/23/05		JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-035 CLASS SP 3,410 DUE 12/20/29 ADJUST POSITION	-2
09/26/05		PRINCIPAL	FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 01/01/33 STIP PRIN R/D 08-05 PID 09-25-05 REPO P & I 0,0000			457,764,40
09/26/05		PRINCIPAL	FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE 11/01/33 PRIN R/D 08-05 PID 09-25-05 REPO P & I 0,0000			582,254,70

027 10/01/05;11:50 001 EFTA00195992 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 16 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2005 ## INVESTMENT ACTIVITY (continued) THROUGH September 30, 2005 ACCOUNT NUMBER | LAST STATEMENT | August 31, 2005 | | :--- | :--- | TAXPAYER NUMBER On File

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
09/26/05		PRINCIPAL	FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0,001 DUE 07/01/34 PRIN R/D 08-05 P/D 09-25-05 REPO P & I 0,0000				209,767,60
09/26/05		PRINCIPAL	FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0,001 DUE 07/01/34 PRIN R/D 08-05 P/D 09-25-05 REPO P & I 0,0000				482,465,48
09/27/05	09/15/05	CANCEL SELL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU DUE 02/20/2032 03,403% REF # 2005091557260000 BS AS OF TD 09/15/05 SD 09/20/05 TO CXL PREVIOUS SELL	23,561,075	6,03125	1,421,027,35
09/27/05	09/15/05	SOLD	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU DUE 02/20/2032 03,403% REF # 2005091557260000 BS AS OF TD 09/15/05 SD 09/20/05 TO ADJ PREVIOUS MONTHS FACTOR	-23,561,075	6,03125		1,421,027,37

INTEREST

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
09/01/05	AVG BAL 424,880 RT 2.601 021 OFFICE INTEREST 0805					951.82
09/15/05	FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS IO DUE 12/01/2034 5,000 INTEREST PAYMENT 09-15-05			5,0000		1,942.55

027 EFTA00195993 BEAR STEARNS CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY 17 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2005 INTEREST (continued) THROUGH September 30, 2005 AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2005 | | :--- | :--- |

DATE	DESCRIPTION	RATE (%)	CREDIT AMOUNT
09/15/05	FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS IO DUE 12/01/2034 5,000 INT R/D 08-05 P/D 09-15-05 REPO P & I 5,0000	5,0000	36,908.38
09/15/05	FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS IO DUE 12/01/2034 5,000 INT R/D 08-05 P/D 09-15-05 REPO P & I 5,0000	5,0000	77,701.85
09/15/05	FREDDIE MAC CMO/SERIES 2886 SCH/O E TTR DUE 07/15/2019 3,531 INT R/D 08-05 P/D 09-15-05 REPO P & I 3,7287	3,5310	25,632.52
09/15/05	FEDL HOME LOAN MTG CORP#S10110 SERIES 228 CLASS IO DUE 02/01/2035 6,000 INT R/D 08-05 P/D 09-15-05 REPO P & I 6,0000	6,0000	84,306.97
09/20/05	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS DUE 02/20/2034 3,340 INT R/D 08-05 P/D 09-20-05 REPO P & I 3,3406	3,3400	48,995.76
09/20/05	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS DUE 02/20/2034 3,340 INT R/D 08-05 P/D 09-20-05 REPO P & I 3,3406	3,3400	73,493.64
09/20/05	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU DUE 02/20/2032 3,590 INT R/D 08-05 P/D 09-20-05 REPO P & I 3,5906	3,5900	71,399.08

027 10/01/05;11:50 001 EFTA00195994 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 18 of 36 FINANCIAL TRUST CO INC ## Transaction Detail (continued) STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005 INTEREST (continued) AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2005 | | :--- | :--- |

DATE	DESCRIPTION	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
09/20/05	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU DUE 02/20/2032 3,590 INT R/D 08-05 PD 09-20-05 REPO P & I 3,5906	3,5900		71,399,08
09/20/05	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-035 CLASS SP DUE 12/20/2029 3,590 INTEREST PAYMENT 09-20-05	3,5900		43,293,48
09/26/05	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU DUE 02/20/2032 3,403 REV INT FOR 9/20/2005 PD BAD POSITION	3,4030	71,399,08
09/26/05	FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 DUE 07/01/2034 5,000 INT R/D 08-05 PD 09-25-05 REPO P & I 5,0000	5,0000		37,094,87
09/30/05	GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-041 CLASS SE DUE 05/20/2030 0,000 FITM CR INT FOR 9/20/2005 P D			43,403,95
TOTAL			-71,399.08	$616,523.95

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

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	DEBIT AMOUNT	CREDIT AMOUNT
09/01/05		JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0,001 DUE 07/01/34 FITM F2133186 AZ TERM REPO AGREEMENT		8,058,484	5,923,000,00

027 10/01/05;11:50 001 | EFTA00195995 | | :--- | :--- CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 19 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2005 | | :--- | :--- |

SETTLEMENT DATE	TRANSACTION	DESCRIPTION	QUANTITY	DEBIT AMOUNT	CREDIT AMOUNT
09/01/05	JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0,001 DUE 07/01/34 FITM A1 REPO AGREEMENT	-8,058,484		5,958,000,00
09/01/05	JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0,001 DUE 07/01/34 FITM A2 REPO AGREEMENT	8,058,484	5,958,000,00
09/01/05	JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0,001 DUE 07/01/34 FITM A3 REPO AGREEMENT	-8,058,484		5,958,000,00
09/01/05	JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 DUE 07/01/34 FITM B3 REPO AGREEMENT	-8,902,768		500,000,00
09/01/05	JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 DUE 07/01/34 FITM B1 REPO AGREEMENT	-8,902,768		1,677,000,00
09/01/05	JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 DUE 07/01/34 FITM B2 REPO AGREEMENT	8,902,768	1,677,000,00
09/01/05	JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 DUE 07/01/34 FITM F2133186 BZ TERM REPO AGREEMENT	8,902,768	1,850,000,00

027 10/01/05;11:50 001 EFTA00195996 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 20 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2005 | | :--- | :--- |

SETTLEMENT DATE	TRANSACTION	DESCRIPTION	QUANTITY	DEBIT AMOUNT	CREDIT AMOUNT
09/01/05	JOURNAL	FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS IO 5,000 DUE 12/01/34 FITM A2 TERM REPO AGREEMENT	8,858,010	500,000,00
09/01/05	JOURNAL	FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS IO 5,000 DUE 12/01/34 FITM A1 REPO AGREEMENT	-8,858,010		1,706,000,00
09/01/05	JOURNAL	UNITED STATES TREASURY NOTE FITM A2 4,250 DUE 08/15/15 TERM REPO AGREEMENT	20,000,000	20,225,000,00
09/01/05	JOURNAL	UNITED STATES TREASURY NOTE FITM A1 4,250 DUE 08/15/15 REPO AGREEMENT	-20,000,000		20,350,000,00
09/01/05	RECEIVED	UNITED STATES TREASURY NOTE DUE 08/31/2007 4,000 4,000 DUE 08/31/07 FITM A1 RESALE AGREEMENT	50,000,000	50,312,500,00
09/01/05	DELIVERED	UNITED STATES TREASURY NOTE DUE 08/31/2007 4,000 4,000 DUE 08/31/07 FITM A2 TERM RESALE AGREEMENT	-68,000,000		68,255,000,00
09/01/05	INTEREST	FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 DUE 07/01/2034 0,001 FITM F213186 AZ REPO INTEREST		19,024,35
09/01/05	INTEREST	FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 DUE 07/01/2034 5,000 FITM F213186 BZ REPO INTEREST		5,942,10

| 10/01/05;11:50 | 001 | V896 | | :--- | :--- | :--- | EFTA00195997 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 21 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2005 | | :--- | :--- | 027 10/01/05;11:50 001 EFTA00195998 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 22 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2005 | | :--- | :--- | 027 10/01/05;11:50 001 EFTA00195999 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 23 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2005 | | :--- | :--- | 027 10/01/05;11:50 001 EFTA00196000 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 24 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2005 | | :--- | :--- |

SETTLEMENT DATE	TRANSACTION	DESCRIPTION	QUANTITY	DEBIT AMOUNT	CREDIT AMOUNT
09/12/05	JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE 11/01/23 FITM TERM REPO AGREEMENT	19,328,957	14,856,000 .00
09/12/05	JOURNAL	FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS IO 5,000 DUE 12/01/24 FITM A1 REPO AGREEMENT	-18,392,469		3,667,000 .00
09/12/05	JOURNAL	FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS IO 5,000 DUE 12/01/24 FITM BZ TERM REPO AGREEMENT	18,392,469	3,938,000 .00
09/12/05	JOURNAL	FEDL HOME LOAN MTG CORP#S10110 SERIES 228 CLASS IO 6,000 DUE 02/01/35 FITM B1 REPO AGREEMENT	-16,271,372		2,777,000 .00
09/12/05	JOURNAL	FEDL HOME LOAN MTG CORP#S10110 SERIES 228 CLASS IO 6,000 DUE 02/01/35 FITM AZ TERM REPO AGREEMENT	16,271,372	3,124,000 .00
09/12/05	INTEREST	FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO STRIP DUE 01/01/2033 0,000 FITM DZ REPO INTEREST		43,504,86
09/12/05	INTEREST	FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE 11/01/2033 0,000 FITM AZ REPO INTEREST		9,334,52

027 10/01/05;11:50 001 EFTA00196001 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 25 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2005 | | :--- | :--- | 027 10/01/05;11:50 001 EFTA00196002 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 26 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2005 | | :--- | :--- |

SETTLEMENT DATE	TRANSACTION	DESCRIPTION	QUANTITY	DEBIT AMOUNT	CREDIT AMOUNT
09/14/05	JOURNAL	FANNIE MAE CMO/SERIES 2003-52 KS-I/O FLTR 3,458 DUE 07/25/17 FTIM AZ TERM REPO AGREEMENT	9,276,884	458,000,00
09/14/05	JOURNAL	FANNIE MAE CMO/SERIES 2003-52 KS-I/O FLTR 3,458 DUE 07/25/17 FTIM AZ REPO AGREEMENT	-9,276,884		478,000,00
09/14/05	INTEREST	FANNIE MAE CMO/SERIES 2003-52 KS-I/O FLTR DUE 07/25/2017 FTIM AZ REPO INTEREST		1,442,70
09/15/05	JOURNAL	FANNIE MAE CMO/SERIES 2003-52 KS-I/O FLTR 3,458 DUE 07/25/17 FTIM AZ TERM REPO AGREEMENT	7,288,980	384,000,00
09/15/05	INTEREST	FANNIE MAE CMO/SERIES 2003-52 KS-I/O FLTR DUE 07/25/2017 3,458 AZ REPO INTEREST		1,249,92
09/16/05	JOURNAL	FANNIE MAE CMO/SERIES 2003-52 KS-I/O FLTR 3,458 DUE 07/25/17 FTIM AZ REPO AGREEMENT	-9,276,884
09/16/05	JOURNAL	FANNIE MAE CMO/SERIES 2003-52 KS-I/O FLTR 3,458 DUE 07/25/17 FTIM AZ REPO AGREEMENT	-7,288,980		373,000,00

027 10/01/05;11:50 001 EFTA00196003 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 27 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2005 | | :--- | :--- | 027 10/01/05;11:50 001 EFTA00196004 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 28 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2005 | | :--- | :--- | 027 10/01/05;11:50 001 EFTA00196005 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 29 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2005 | | :--- | :--- |

SETTLEMENT DATE	TRANSACTION	DESCRIPTION	QUANTITY	DEBIT AMOUNT	CREDIT AMOUNT
09/19/05	INTEREST	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU DUE 02/20/2002 3,590 FITM REPO INTEREST		4,118,19
09/19/05	INTEREST	FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 DUE 07/01/2004 0,001 FITM REPO INTEREST		45,005,41
09/19/05	INTEREST	UNITED STATES TREASURY NOTE DUE 08/15/2015 4,250 FITM INTEREST			4,573,00
09/20/05	JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 01/01/33 STRIP FITM TERM REPO AGREEMENT	18,252,042	13,360,000,00
09/20/05	JOURNAL	FANNIE MAE CMO/SERIES 2003-13 S RCR/I/O FLTR 4,358 DUE 03/25/202 FITM A2 TERM REPO AGREEMENT	23,543,127	1,775,000,00
09/20/05	JOURNAL	FANNIE MAE CMO/SERIES 2003-52 KS/I/O FLTR 3,458 DUE 07/25/17 FITM A2 TERM REPO AGREEMENT	9,276,884
09/20/05	JOURNAL	FANNIE MAE CMO/SERIES 2003-52 KS/I/O FLTR 3,458 DUE 07/25/17 FITM A2 TERM REPO AGREEMENT	7,288,980	373,000,00

027 10/01/05;11:50 001 EFTA00196006 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 30 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2005 | | :--- | :--- |

SETTLEMENT DATE	TRADE DATE	TRANSACTION	SYMBOL/CUSIP	QUANTITY
09/20/05	JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE 11/01/33 FITM A2 TERM REPO AGREEMENT	19,328,957	14,132,000 .00
09/20/05	JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 0,340 DUE 02/20/33 FITM A2 TERM REPO AGREEMENT	26,400,000
09/20/05	JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 3,940 DUE 02/20/33 FITM MARGIN A2 TERM REPO AGREEMENT	17,600,000
09/20/05	JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU 3,590 DUE 02/20/32 FITM A2 TERM REPO AGREEMENT	23,561,075	1,079,000 .00
09/20/05	JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0,001 DUE 07/01/34 FITM A4 TERM REPO AGREEMENT	7,848,716	5,958,000 .00
09/20/05	JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0,001 DUE 07/01/34 FITM A2 TERM REPO AGREEMENT	18,052,048	12,922,000 .00
09/20/05	JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 DUE 07/01/34 FITM B4 TERM REPO AGREEMENT	8,757,972	500,000 .00

027 10/01/05;11:50 001 EFTA00196007 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 31 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2005 | | :--- | :--- | 027 10/01/05;11:50 001 EFTA00196008 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 32 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2005 | | :--- | :--- |

SETTLEMENT DATE	TRANSACTION	DESCRIPTION	DEBIT AMOUNT
09/20/05	INTEREST	FANNIE MAE CMO/SERIES 2003-52 KS/VO FLTR DUE 07/25/2017 3,458 FITM A2 REPO INTEREST	165,78
09/20/05	INTEREST	FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE 11/01/2033 0,000 FITM A2 REPO INTEREST	12,404,76
09/20/05	INTEREST	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU DUE 02/20/2032 3,590 FITM A2 REPO INTEREST	120,19
09/20/05	INTEREST	FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 DUE 07/01/2034 0,001 FITM A2 REPO INTEREST	1,439,37
09/20/05	INTEREST	FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 DUE 07/01/2034 0,001 FITM A4 REPO INTEREST	12,326,44
09/20/05	INTEREST	FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 DUE 07/01/2034 5,000 FITM B4 REPO INTEREST	1,034,44
09/20/05	INTEREST	FEDL HOME LOAN MTG CORP/#S10109 SERIES 227 CLASS 10 DUE 12/01/2034 5,000 FITM A2 REPO INTEREST	3,218,81

027 10/01/05;11:50 001 EFTA00196009 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 33 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2005 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) THROUGH September 30, 2005 ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2005 | | :--- | :--- | 027 10/01/05;11:50 001 EFTA00196010 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 34 of 36 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2005 THROUGH September 30, 2005 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2005 | | :--- | :--- | 027 10/01/05;11:50 001 EFTA00196011 BEAR STEARNS 35 of 36 ## **Transaction Detail** (continued) ## MISCELLANEOUS

DATE MO/DAY	TRANSACTION	DESCRIPTION	DEBIT AMOUNT	CREDIT AMOUNT
09/01/05	JOURNAL	TO CMDY A/C	119,924,00
09/02/05	JOURNAL	TO CMDY A/C	114,810,00
09/06/05	JOURNAL	TO CMDY A/C	164,532,50
09/07/05	JOURNAL	FR CMDY A/C		66,530,00
09/08/05	JOURNAL	FR CMDY A/C		75,804,38
09/09/05	JOURNAL	FR CMDY A/C		5,112,50
09/13/05	JOURNAL	FR CMDY A/C		116,022,50
09/13/05	JOURNAL	FNMA-30YR(FNMA)GTD SETT,09/05 5,000 DUE 09/01/35 MBS NET 09/13/05	108,593,74
09/13/05	JOURNAL	FNMA-30YR(FNMA)GTD SETT,09/05 5,500 DUE 09/01/35 MBS NET 09/13/05	699,023,44
09/14/05	JOURNAL	FNMA-30YR(FNMA)GTD SETT,09/05 6,000 DUE 09/01/35 MBS NET 09/14/05		85,937,50
09/16/05	JOURNAL	FR CMDY A/C		396,328,50
09/20/05	JOURNAL	8/05 SPEC PART 2 CLR FEES	5,350,00
TOTAL			-$1,212,233.68	$745,735.38

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY STATEMENT PERIOD September 1, 2005 FINANCIAL TRUST CO INC THROUGH September 30, 2005 AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2005 | | :--- | :--- | 027 10/01/05;11:50 001 EFTA00196012 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 36 of 36 FINANCIAL TRUST CO INC Trades Executed Pending Settlement STATEMENT PERIOD September 1, 2005

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	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 .00	100,3203	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 .00	100,6250		50,312,500 .00
TOTAL							$50,160,156.25	$50,312,500.00

The above trades do not appear in any other section of this statement. ******* End of Statement******* 10/01/05;11:50 001 027