EFTA00196013

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 33

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 PERIOD	3,188,141
LONG ACCRUED INTEREST	34,115
NET CREDIT BALANCE	221,488
NET EQUITY THIS PERIOD	$3,443,744
NET EQUITY LAST STATEMENT	3,241,555
CHANGE SINCE LAST STATEMENT	202,189

There are no "Stop Loss" orders or other pending buy or sell open orders on file for your account. | LAST STATEMENT | July 29, 2005 | | :--- | :--- | TAXPAYER NUMBER On File FINANCIAL TRUST CO INC Market Value of Your Portfolio STATEMENT PERIOD July 30, 2005 ACCOUNT NUMBER | THROUGH | August 31, 2005 | | :--- | :--- | 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 09/01/15:38 001 V895 EFTA00196014 2 of 35 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 EFTA00196015 3 of 35 Cash Flow Analysis

	THIS PERIOD
OpeningBalance	$11,711.77
Securities Sold	1,146,377,233.41
Dividends/Interest	1,258,464.71
Miscellaneous	1,174,993.98
Amount Credited	$1,148,810,692.10
Securities Bought	-1,147,503,302.86
Dividends/Interest Charged	-752,302.99
Miscellaneous	-345,310.50
Amount Debited	$-1,148,600,916.35
Net Cash Activity	209,775.75
Closing Balance	$221,487.52

Cash Balance Summary

	OPENING	CLOSING
Margin	11,711.77	221,487.52
Net Cash Balance	$11,711.77	$221,487.52

Income Summary

	THIS PERIOD	YEAR TO DATE
U.S.Govt.Bond Int.	461,711.95	4,520,094.57
Govt.Agency Int.	627,049.58	5,392,264.53
Corp.Bond Int.	168,705.12	1,142,506.31
Credit Balance Int.	998.06	5,322.57
Reverse Repurchase Int.	150,243.08	1,523,787.61
Total	$1,408,707.79	$12,583,975.59
Bond Purchase Int.	-752,302.99	-6,392,956.47
Repurchase Int. Exp.	-208,934.41	-1,500,580.05

Portfolio Composition

Cash/Cash Equivalent	221,488
Fixed Income	3,188,141
Total	$3,409,629

STATEMENT PERIOD July 30, 2005 FINANCIAL TRUST CO INC THROUGH August 31, 2005 ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 29, 2005 | | :--- | :--- | 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. W895 EFTA00196016 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 4 of 35 FINANCIAL TRUST CO INC ## Your Portfolio Holdings STATEMENT PERIOD July 30, 2005 | THROUGH | August 31, 2005 | | :--- | :--- |

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
CASH BALANCE				221,488
TOTAL CASH & CASH EQUIVALENTS				$221,488

DESCRIPTION	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ACCrued INTEREST	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
GOVERNMENT NATIONAL MTG ASSN SERIES 2004-035 CLASS SP DATED DATE 05/21/04 BOOK ENTRY ONLY DUE 12/20/2029 3,590% FACTOR = .88845284	MRGN	14,468,859	5,9466	860,404	15,870	519,432	60,3707
GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-041 CLASS SE DATED DATE 06/23/04 BOOK ENTRY ONLY DUE 05/20/2030 FACTOR = .90308336	MRGN	14,505,776	6,1364	890,134
FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW DATED DATE 04/30/03 BOOK ENTRY ONLY DUE 01/25/2033 3,358% FACTOR = .48800907	MRGN	11,861,919	6,8431	811,726	6,638	398,323	49,0711

027 09/01/05;13:28 001 EFTA00196017 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY **5 of 35** FINANCIAL TRUST CO INC ## Your Portfolio Holdings (continued) STATEMENT PERIOD July 30, 2005 Government & Agency Obligations (continued)

DESCRIPTION	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ACCRUED INTEREST	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
FEDL HOME LOAN MTG CORP#S10109	MRGN	466,211	21,4063	99,798	1,943	23,311	23,3582
SERIES 227 CLASS IO DATED DATE 11/01/04 BOOK ENTRY ONLY DUE 12/01/2034 5,000% FACTOR = .93242216
Total Government& Agency Obligations				$2,662,062	$24,451	$941,066

Corporate Bonds

DESCRIPTION	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ACCRUED INTEREST	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
ALTERNATIVE LOAN TRUST	MRGN	35,363,806	1,4876	526,079	9,664	579,966	110,2431
SERIES 2004-30CB CLASS 1-A-8 DATED DATE 12/27/04 BOOK ENTRY ONLY DUE 02/25/2035 1,640% FACTOR = .88409516 RATING: MOODY AAA S&P AAA
Total CorporateBonds				$526,079	$9,664	$579,966
TOTAL FIXED INCOME				$3,188,141	$34,115	$1,521,032

YOUR PORTFOLIOHOLDINGSACCRUED INTEREST	$34,115
YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME	$1,521,032
YOUR PRICED PORTFOLIOHOLDINGS	$3,409,629

	PURCHASE/ START DATE	REPURCHASE DATE	PRICING RATE	PURCHASE PRICE/ PRINCIPAL	ACCRUED REPO INTEREST*	QUANTITY (FACE AMOUNT)	DESCRIPTION
YOU PROVIDED (MARGIN)	07/29/05	OPEN	0,000			-50,000,000	FEDERAL NATIONAL MTG ASSOC SERIES 2003-13 CLASS 4,3587 03/25/33
YOU SOLD (REPO)	08/01/05	09/01/05	3,730	-5,923,000	-19,024	-10,000,000	FANNIE MAE STRIPS SERIES 352 CLASS PO 07/01/34
YOU SOLD (REPO)	08/01/05	09/01/05	3,730	-1,850,000	-5,942	-10,000,000	FANNIE MAE STRIP SERIES 353 CLASS ID 5,0000 07/01/34
YOU SOLD (REPO)	08/01/05	09/01/05	3,730	-500,000	-1,605	-9,500,000	FEDERAL HOME LOAN STRIP SERIES 227 CLASS ID 5,0000 12/01/34
YOU SOLD (REPO)	08/12/05	09/12/05	3,770	-13,401,000	-28,067	-40,000,000	FANNIEMAE STRIP SERIES 329 CLASS PO 12/01/32
YOU SOLD (REPO)	08/12/05	09/12/05	3,770	-14,274,000	-29,896	-30,000,000	FANNIEMAE STRIP SERIES 346 CLASS PO 11/01/33
YOU SOLD (REPO)	08/12/05	09/12/05	3,770	-3,938,000	-8,247	-20,000,000	FEDERAL HOME LOAN STRIP SERIES 227 CLASS ID 5,0000 12/01/34
YOU SOLD (REPO)	08/12/05	09/12/05	3,770	-3,124,000	-6,543	-20,000,000	FREDDIEMAC STRIP SERIES 228 CLASS ID 6,0000 02/01/35
YOU SOLD (REPO)	08/15/05	09/14/05	3,780	-458,000	-817	-14,000,000	FEDERAL NATIONAL MTG ASSOC SERIES 2003-52 CLASS 3,4587 07/25/17
YOU SOLD (REPO)	08/15/05	09/15/05	3,780	-384,000	-685	-11,000,000	FEDERAL NATIONAL MTG ASSOC SERIES 2003-52 CLASS 3,4587 07/25/17
YOU SOLD (REPO)	08/18/05	09/19/05	3,810	-13,289,000	-19,689	-23,000,000	FANNIE MAE STRIPS SERIES 352 CLASS PO 07/01/34

027 09/01/05;13:28 001 EFTA00196019 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 7 of 35 FINANCIAL TRUST CO INC STATEMENT PERIOD July 30, 2005 THROUGH August 31, 2005 TAXPAYER NUMBER On File | LAST STATEMENT | July 29, 2005 | | :--- | :--- |

	PURCHASE PRICE/ PRINCIPAL	ACCRUED REPO INTEREST*
YOU SOLD (REPO) 08/18/05 09/19/05 3,810 -1,216,000 -1,801 -27,112,874
YOU PROVIDED
YOU SOLD
YOU SOLD
YOU BOUGHT
TOTAL REVERSE REPURCHASE TRANSACTIONS	$68,255,000	$6,294
TOTAL REPURCHASE TRANSACTIONS	-78,582,001	$-124,113

*As of statement date Transaction Detail ## INVESTMENT ACTIVITY

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
08/01/05	07/29/05	BOUGHT	UNITED STATES TREASURY NOTE DUE 05/15/2015 04,125% MN 15 YIELD 4,278 % TO MATURITY GVER REF # G2105081 A1		10,000,000	98,78125	9,878,125.00
					ACCR, INT.		87,432.07

027 09/01/05;13:28 001 EFTA00196020 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 8 of 35 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD July 30, 2005 ## INVESTMENT ACTIVITY (continued) | THROUGH | August 31, 2005 | | :--- | :--- |

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
08/01/05	07/28/05	SOLD	UNITED STATES TREASURY NOTE DUE 07/31/2007, 03,875% JJ 31 YIELD: 3,978 % TO MATURITY GVER REF # G2093006 B1	-23,000,000	99,80469	ACCR, INT.	22,955,078,13 2,421,87
08/01/05	07/28/05	SOLD	UNITED STATES TREASURY NOTE DUE 07/31/2007, 03,875% JJ 31 Yield: 3,978 % TO MATURITY GVER REF # G2093006 A1	-50,000,000	99,80469	ACCR, INT.	49,902,343,75 5,264,95
08/11/05	08/03/05	BOUGHT	FNMA-30Y(RFNA)GTD SETT,08/04 DUE 08/01/2034, 05,500% REF # 2005080357160000 BS	1,000,000	100,45313	1,004,531,25
08/11/05	07/15/05	CANCEL SELL	FNMA-30Y(RFNA)GTD SETT,08/04 DUE 08/01/2034, 05,500% REF # 2005071557180000 BS AS OF 07/15/05 TO CXL PREVIOUS SELL	30,000,000	100,82031	30,246,093,75
08/11/05	07/07/05	CANCEL SELL	FNMA-30Y(RFNA)GTD SETT,08/04 DUE 08/01/2034, 05,500% REF # 2005070757310000 BS AS OF 07/07/05 TO CXL PREVIOUS SELL	30,000,000	100,96875	30,290,625,00
08/11/05	07/29/05	CANCEL SELL	FNMA-30Y(RFNA)GTD SETT,08/04 DUE 08/01/2034, 05,500% REF # 2005072957090000 BS AS OF 07/29/05 TO CXL PREVIOUS SELL	40,000,000	100,50781	40,203,125,00

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
08/11/05	07/11/05	BOUGHT	FNMA-30YR(FNMA)GTD SETT,08/04 DUF 08/01/2034 05,500% REF # 2005071157110000 BS	50,000,000	100,88281	50,441,406,25
08/11/05	07/08/05	CANCEL SELL	FNMA-30YR(FNMA)GTD SETT,08/04 DUF 08/01/2034 05,500% REF # 2005070857250000 BS AS OF 07/08/05 TO CXL PREVIOUS SELL	50,000,000	100,96094	50,480,468,75
08/11/05	07/08/05	CANCEL SELL	FNMA-30YR(FNMA)GTD SETT,08/04 DUF 08/01/2034 05,500% REF # 2005070857250000 BS AS OF 07/08/05 TO CXL PREVIOUS SELL	50,000,000	100,96094	50,480,470,00
08/11/05	08/03/05	BOUGHT	FNMA-30YR(FNMA)GTD SETT,08/04 DUF 08/01/2034 05,500% REF # 2005080357180000 BS	99,000,000	100,43750	99,433,125,00
08/11/05	08/03/05	CANCEL BUY	FNMA-30YR(FNMA)GTD SETT,08/04 DUF 08/01/2034 05,500% REF # 2005080357160000 BS AS OF 08/03/05 TO CXL PREVIOUS BUY	-1,000,000	100,45313		1,004,531,25
08/11/05	07/15/05	SOLD	FNMA-30YR(FNMA)GTD SETT,08/04 DUF 08/01/2034 05,500% REF # 2005071557180000 BS	-30,000,000	100,82031		30,246,093,75

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	CREDIT AMOUNT
08/11/05	07/07/05	SOLD	FNMA-30YR(FNMA)/GTD SETT.08/04 DUE 08/01/2034 05,500% REF # 2005070757310000 BS	-30,000,000	100,96875	30,290,625,00
08/11/05	07/29/05	SOLD	FNMA-30YR(FNMA)/GTD SETT.08/04 DUE 08/01/2034 05,500% REF # 2005072957090000 BS	-40,000,000	100,50781	40,203,125,00
08/11/05	07/11/05	CANCEL BUY	FNMA-30YR(FNMA)/GTD SETT.08/04 DUE 08/01/2034 05,500% REF # 2005071157110000 BS AS OF 07/11/05 TO CXL PREVIOUS BUY	-50,000,000	100,88281	50,441,406,25
08/11/05	07/08/05	SOLD	FNMA-30YR(FNMA)/GTD SETT.08/04 DUE 08/01/2034 05,500% REF # 2005070857250000 BS AS OF 07/08/05	-50,000,000	100,96094	50,480,468,75
08/11/05	07/08/05	SOLD	FNMA-30YR(FNMA)/GTD SETT.08/04 DUE 08/01/2034 05,500% REF # 2005070857250000 BS	-50,000,000	100,96094	50,480,470,00
08/11/05	08/03/05	CANCEL BUY	FNMA-30YR(FNMA)/GTD SETT.08/04 DUE 08/01/2034 05,500% REF # 2005080357180000 BS AS OF 08/03/05 TO CXL PREVIOUS BUY	-99,000,000	100,43750	99,433,125,00

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
08/11/05	08/03/05	BOUGHT	FNMA 30YR GTD SETT, 08/05 DUE 08/01/2035, 05,000% REF # 2005080357990000 BS	10,000,000	98,34766	9,834,765,63
08/11/05	07/21/05	CANCEL SELL	FNMA 30YR GTD SETT, 08/05 DUE 08/01/2035, 05,000% REF # 2005072157190000 BS AS OF 07/21/05 TO CXL PREVIOUS SELL	10,000,000	98,59375	9,859,375,00
08/11/05	08/03/05	CANCEL BUY	FNMA 30YR GTD SETT, 08/05 DUE 08/01/2035, 05,000% REF # 2005080357990000 BS AS OF 08/03/05 TO CXL PREVIOUS BUY	-10,000,000	98,34766		9,834,765,63
08/11/05	07/21/05	SOLD	FNMA 30YR GTD SETT, 08/05 DUE 08/01/2035, 05,000% REF # 2005072157190000 BS	-10,000,000	98,59375		9,859,375,00
08/11/05	08/10/05	BOUGHT	UNITED STATES TREASURY NOTE DUE 05/15/2015, 04,125% MN 15 YIELD 4,370 % TO MATURITY GVER REF # G2222986 A1	5,000,000 ACCR, INT.	98,06250	4,903,125,00 49,320,65
08/12/05	08/11/05	BOUGHT	UNITED STATES TREASURY NOTE DUE 05/15/2015, 04,125% MN 15 Yield 4,348 % TO MATURITY GVER REF # G2234235 A1	30,000,000 ACCR, INT.	98,25000	29,475,000,00 299,286,68
08/12/05	08/11/05	SOLD	UNITED STATES TREASURY NOTE DUE 05/15/2015, 04,125% MN 15 Yield 4,334 % TO MATURITY GVER REF # G2234830 A1	-30,000,000 ACCR, INT.	98,34375 ACCR, INT.	29,503,125,00 299,286,68

| 027 | 09/01/05;13:28 | 001 | V895 | | :--- | :--- | :--- | :--- | EFTA00196024 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 12 of 35 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued) STATEMENT PERIOD July 30, 2005 | THROUGH | August 31, 2005 | | :--- | :--- |

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
08/12/05	08/11/05	BOUGHT	UNITED STATES TREASURY NOTE DUE 07/31/2007 03,875 JJ 31 SPECIAL INSTRUCTIONS YIELD 4,108 % TO MATURITY GVER REF # G2233644 A1 WWEB	15,000,000 ACCR, INT.	99,56250	14,934,375,00	18,953,80
08/15/05	08/12/05	BOUGHT	UNITED STATES TREASURY NOTE DUE 07/31/2007 03,875 JJ 31 SPECIAL INSTRUCTIONS Yield 4,033 % IO MATURITY GVER REF # G2245038 A1	10,000,000 ACCR, INT.	99,70313	9,970,312,50	15,794,84
08/15/05	08/12/05	SOLD	UNITED STATES TREASURY NOTE DUE 07/31/2007 03,875 JJ 31 Yield 4,059 % IO MATURITY GVER REF # G2245035 A3 AS OF 08/12/05	-20,000,000	99,65500 ACCR, INT.		19,931,000,00 31,589,67
08/16/05	08/15/05	SOLD	UNITED STATES TREASURY NOTE DUE 08/15/2015 04,125 MN 15 Yield 4,286 % IO MATURITY GVER REF # G2273023 A1	-5,000,000	98,72266 ACCR, INT.		4,936,132,81 52,122,96
08/16/05	08/15/05	BOUGHT	UNITED STATES TREASURY NOTE DUE 08/15/2015 04,250 FA 15 Yield 4,282 % IO MATURITY GVER REF # G2273026 A1	5,000,000 ACCR, INT.	99,90625	4,995,312,50 577,45
08/16/05	08/15/05	SOLD	UNITED STATES TREASURY NOTE DUE 08/15/2015 04,250 FA 15 Yield 4,289 % IO MATURITY GVER REF # G2273919 A1	-10,000,000	99,68750 ACCR, INT.		9,968,750,00 1,154,89
08/17/05	08/16/05	BOUGHT	UNITED STATES TREASURY NOTE DUE 08/15/2015 04,250 FA 15 Yield 4,289 % IO MATURITY GVER REF # G2285088 A1	10,000,000 ACCR, INT.	100,25000	10,025,000,00 2,309,78

027 09/01/05;13:28 001 EFTA00196025 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 13 of 35 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
08/17/05	08/16/05	SOLD	UNITED STATES TREASURY NOTE DUE 07/21/2007 03,875% JJ 31 YIELD 4,017 % TO MATURITY GVER REF # G2284269 A1	-10,000,000	99,73438		9,973,437,50 17,900,82
08/18/05	08/17/05	BOUGHT	UNITED STATES TREASURY NOTE DUE 08/15/2015 04,250% FA 15 Yield 4,270 % TO MATURITY GVER REF # G2294678 A1	25,000,000 ACCR, INT.	99,83984	24,959,960,94 8,661,68
08/18/05	08/17/05	SOLD	UNITED STATES TREASURY NOTE DUE 08/15/2015 04,250% FA 15 Yield 4,240 % TO MATURITY GVER REF # G2292609 A1	-25,000,000	100,07813 ACCR, INT.		25,019,531,25 8,661,68
08/19/05	08/18/05	BOUGHT	UNITED STATES TREASURY NOTE DUE 08/15/2015 04,250% FA 15 Yield 4,217 % TO MATURITY GVER REF # G2303843 A1	10,000,000 ACCR, INT.	100,26563	10,026,562,50 4,619,57
08/19/05	08/18/05	SOLD	UNITED STATES TREASURY NOTE DUE 08/15/2015 04,250% FA 15 Yield 4,234 % TO MATURITY GVER REF # G2303360 A1	-10,000,000	100,12500 ACCR, INT.		10,012,500,00 4,619,57
08/22/05	08/19/05	BOUGHT	UNITED STATES TREASURY NOTE DUE 08/15/2015 04,250% FA 15 SPECIAL INSTRUCTIONS YIELD 4,231 % TO MATURITY GVER REF # G2313898 A1 WWEB	10,000,000 ACCR, INT.	100,31250	10,031,250,00 8,084,24
08/22/05	08/19/05	BOUGHT	UNITED STATES TREASURY NOTE DUE 08/15/2015 04,250% FA 15 SPECIAL INSTRUCTIONS YIELD 4,207 % TO MATURITY GVER REF # G2348702 B1 AS OF 08/19/05	25,000,000 ACCR, INT.	100,34375	25,085,937,50 20,210,60

027 09/01/05;13:28 001 EFTA00196026 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 14 of 35 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD July 30, 2005 ## INVESTMENT ACTIVITY (continued) | THROUGH | August 31, 2005 | | :--- | :--- |

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
08/22/05	08/19/05	SOLD	UNITED STATES TREASURY NOTE DUE 08/15/2015, 04,250% FA 15 YIELD 4,217 % TO MATURITY GVER REF # G2313522 A1	-25,000,000	100,26563		25,066,406,25 20,210,60
08/22/05	08/19/05	BOUGHT	UNITED STATES TREASURY NOTE DUE 07:31/2007, 03,875% JJ 31 Yield 4,009 % TO MATURITY GVER REF # G2313868 A1	10,000,000	99,75000	9,975,000,00 23,165,76
08/22/05		PRINCIPAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-005 CLASS SP 3,770 DUE 12/20/29 PRINCIPAL REDUCTN 08-20-05	-166,188
08/22/05		PRINCIPAL	GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-041 CLASS SE DUE 05/20/36 PRINCIPAL REDUCTN 08-20-05	-150,917
08/24/05	08/23/05	BOUGHT	UNITED STATES TREASURY NOTE DUE 08/15/2015, 04,250% FA 15 Yield 4,178 % TO MATURITY GVER REF # G2354385 A1	10,000,000	100,57813	10,057,812,50 10,394,02
08/24/05	08/23/05	SOLD	UNITED STATES TREASURY NOTE DUE 08/15/2015, 04,250% FA 15 Yield 4,200 % TO MATURITY GVER REF # G2352709 A1	-10,000,000	100,40625		10,040,625,00 10,394,02
08/25/05		PRINCIPAL	FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 01/01/33 STRIP PRIN RD 07-05 P/D 08-25-05 REPD P & I 0,000				128,288,70

027 09/01/05;13:28 001 EFTA00196027 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 15 of 35 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD July 30, 2005 THROUGH August 31, 2005 ## INVESTMENT ACTIVITY (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 29, 2005 | | :--- | :--- |

SETTLEMENT DATE	TRANSACTION	DESCRIPTION	QUANTITY	CREDIT AMOUNT
08/25/05	PRINCIPAL	FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 01/01/33 STRIP PRIN RID 07-05 P/D 08-25-05 REPO P & I 0,0000		384,866,10
08/25/05	PRINCIPAL	FEDERAL NATIONAL MTG ASSN SERIES 2000-400 CLASS SW 3,358 DUE 01/25/33 PRINCIPAL REDUCTN 08-25-05	-325,337
08/25/05	PRINCIPAL	FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE 11/01/33 PRIN RID 07-05 P/D 08-25-05 REPO P & I 0,0000		168,299,20
08/25/05	PRINCIPAL	FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE 11/01/33 PRIN RID 07-05 P/D 08-25-05 REPO P & I 0,0000		336,598,40
08/25/05	PRINCIPAL	FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0,001 DUE 07/01/34 PRIN RID 07-05 P/D 08-25-05 REPO P & I 0,0000		241,100,60
08/25/05	PRINCIPAL	FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0,001 DUE 07/01/34 PRIN RID 07-05 P/D 08-25-05 REPO P & I 0,0000		554,531,38
08/25/05	PRINCIPAL	ALTERATIVE LOAN TRUST SERIES 2004-30CB CLASS 1-A-8 1,640 DUE 02/25/35 PRINCIPAL REDUCTN 08-25-05	-985,861

027 09/01/05;13:28 001 EFTA00196028 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 16 of 35 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
08/26/05	08/25/05	BOUGHT	UNITED STATES TREASURY NOTE DUE 07/31/2002 03,875% JJ 31 YIELD 3,997 % TO MATURETY GVER REF # G2373905 B1	18,000,000 ACCR, INT,	99,77344	17,959,218,75 49,279,89
08/26/05	08/25/05	BOUGHT	UNITED STATES TREASURY NOTE DUE 07/31/2002 03,875% JJ 31 Yield 3,997 % TO MATURETY GVER REF # G2373905 A1	50,000,000 ACCR, INT,	99,77344	49,886,718,75 136,888,59
08/29/05	08/26/05	BOUGHT	UNITED STATES TREASURY NOTE DUE 08/15/2015 04,250% FA 15 Yield 4,167 % TO MATURETY GVER REF # G2382619 A1	5,000,000 ACCR, INT,	100,79688	5,039,843,75 8,084,24
08/29/05	08/26/05	SOLD	UNITED STATES TREASURY NOTE DUE 08/15/2015 04,250% FA 15 SPECIAL INSTRUCTIONS Yield 4,169 % TO MATURETY GVER REF # G2412240 A1 WWEB AS OF 08/26/05	-5,000,000	100,65625 ACCR, INT,		5,032,812,50 8,084,24
08/30/05		JOURNAL	FREDDIE MAC CMO/SERIES 2886 SC-IO FLTR 3,728 DUE 07/15/19	1
08/31/05	08/30/05	BOUGHT	UNITED STATES TREASURY NOTE DUE 08/15/2015 04,250% FA 15 Yield 4,167 % TO MATURETY GVER REF # G2422297 A1	5,000,000 ACCR, INT,	100,67188	5,033,593,75 9,239,13
08/31/05	08/30/05	BOUGHT	UNITED STATES TREASURY NOTE DUE 08/31/2007 04,000% FA 28 Yield 4,012 % TO MATURETY GVER REF # G2423132 A1	15,000,000	99,97656	14,996,484,38

027 09/01/05;13:28 001 EFTA00196029 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 17 of 35 FINANCIAL TRUST CO INC ## Transaction Detail (continued) STATEMENT PERIOD July 30, 2005 ## INVESTMENT ACTIVITY (continued) THROUGH August 31, 2005

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	CREDIT AMOUNT
08/31/05	08/30/05	SOLD	UNITED STATES TREASURY NOTE DUE 08/31/2007 04,000% FA 28 YIELD 4,004 % TO MATURITY GVER REF # G2423964 A1	-15,000,000	99,99219	14,998,828 ,13
08/31/05	08/25/05	SOLD	UNITED STATES TREASURY NOTE DUE 08/31/2007 04,000% FA 28 YIELD 4,000 % TO MATURITY GVER REF # G2373906 B1	-18,000,000	100,00000	18,000,000 ,00
08/31/05	08/25/05	SOLD	UNITED STATES TREASURY NOTE DUE 08/31/2007 04,000% FA 28 YIELD 4,000 % TO MATURITY GVER REF # G2373906 A1	-50,000,000	100,00000	50,000,000 ,00
TOTAL						-$640,259,921.44	$679,889,952.28

INTEREST

DATE	DESCRIPTION	RATE (%)	CREDIT AMOUNT
08/01/05	AVG BAL 467,110 RT 2.481 021 OFFICE INTEREST 0705		998,06
08/15/05	FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS IO DUE 12/01/2034 5,000 INT R/D 07-05 P/D 08-15-05 REPO P & I 5,0000	5,0000	1,967,86
08/15/05	FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS IO DUE 12/01/2034 5,000 INT R/D 07-05 P/D 08-15-05 REPO P & I 5,0000	5,0000	37,389,40

027 09/01/05;13:28 001 EFTA00196030 BEAR STEARNS CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 18 of 35 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD July 30, 2005 THROUGH August 31, 2005 INTEREST (continued) AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 29, 2005 | | :--- | :--- |

DATE	DESCRIPTION	QUANTITY	DEBIT AMOUNT
08/15/05	FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS IO DUE 12/01/2034 5,000 INT R/D 07-05 P/D 08-15-05 REPO P & I 5,0000	5,0000	78,714,53
08/15/05	FREDIE MAC CMO/SERIES 2886 SC-I/O FLTR DUE 07/15/2019 3,911 INT R/D 07-05 P/D 08-15-05 REPO P & I 3,9118	3,9110	11,317,04
08/15/05	FREDIE MAC CMO/SERIES 2886 SC-I/O FLTR DUE 07/15/2019 3,911 INT R/D 07-05 P/D 08-15-05 REPO P & I 3,9118	3,9110	16,196,21
08/15/05	FEDL HOME LOAN MTG CORP#S10110 SERIES 228 CLASS IO DUE 02/01/2035 6,000 INT R/D 07-05 P/D 08-15-05 REPO P & I 6,0000	6,0000	87,142,06
08/22/05	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS DUE 02/20/2033 3,520 INT R/D 07-05 P/D 08-20-05 REPO P & I 3,5200	3,5200	51,626,67
08/22/05	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS DUE 02/20/2033 3,520 INT R/D 07-05 P/D 08-20-05 REPO P & I 3,5200	3,5200	77,440,00
08/22/05	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU DUE 02/20/2032 3,770 INT R/D 07-05 P/D 08-20-05 REPO P & I 3,7700	3,7700	75,876,80

| 09/01/05;13:28 | 001 | V895 | | :--- | :--- | :--- | EFTA00196031 BEAR STEARNS CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 19 of 35 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD July 30, 2005 INTEREST (continued) THROUGH August 31, 2005 AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 29, 2005 | | :--- | :--- |

DATE	DESCRIPTION	RATE (%)	CREDIT AMOUNT
08/22/05	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-035 CLASS SP DUE 12/20/2029 3,770 INTEREST PAYMENT 08-20-05	3,7700	45,978,44
08/22/05	GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-041 CLASS SE DUE 05/20/2030 0,000 INTEREST PAYMENT 08-20-05		46,046,44
08/25/05	FANNIE MAE CMO/SERIES 2003-13 S RCR-I/O FLTR DUE 03/25/2033 4,358 INT R/D 07-05 P/O 08-25-05 REPO P & I 4,5400	4,3580	91,514,47
08/25/05	FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW DUE 01/25/2033 3,358 INTEREST PAYMENT 08-25-05	3,3580	35,952,40
08/25/05	FANNIE MAE CMO/SERIES 2003-52 KS-I/O FLTR DUE 07/25/2017 3,458 INT R/D 07-05 P/O 08-25-05 REPO P & I 3,6400	3,4580	22,557,38
08/25/05	FANNIE MAE CMO/SERIES 2003-52 KS-I/O FLTR DUE 07/25/2017 3,458 INT R/D 07-05 P/O 08-25-05 REPO P & I 3,6400	3,4580	28,709,39
08/25/05	FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 DUE 07/01/2034 5,000 INT R/D 07-05 P/O 08-25-05 REPO P & I 5,0000	5,0000	37,648,21

027 09/01/05;13:28 001 EFTA00196032 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 20 of 35 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD July 30, 2005 THROUGH August 31, 2005 INTEREST (continued) TAXPAYER NUMBER On File | LAST STATEMENT | July 29, 2005 | | :--- | :--- |

DATE	DESCRIPTION	RATE (%)	CREDIT AMOUNT
08/25/05	ALTERNATIVE LOAN TRUST	1,6400	49,677.40
	SERIES 2004-30CB CLASS 1-A-8
	DUE 02/25/2035 1,640
	INTEREST PAYMENT 08-25-05
TOTAL			$796,752.76

## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS

SETTLEMENT DATE	TRANSACTION	DESCRIPTION	QUANTITY	DEBIT AMOUNT	CREDIT AMOUNT
08/01/05	JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0,001 DUE 07/01/34 FITM F2133186 A1 REPO AGREEMENT	-8,299,585		5,923,000 .00
08/01/05	JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0,001 DUE 07/01/34 FITM BZ TERM REPO AGREEMENT	8,299,585	6,373,000 .00
08/01/05	JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 DUE 07/01/34 FITM AZ TERM REPO AGREEMENT	9,035,569	1,737,000 .00
08/01/05	JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 DUE 07/01/34 FITM F2133186 B1 REPO AGREEMENT	-9,035,569		1,850,000 .00
08/01/05	JOURNAL	FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS IO 5,000 DUE 12/01/34 FITM A2 TERM REPO AGREEMENT	8,973,456

| 09/01/05;13:28 | 001 | V895 | | :--- | :--- | :--- | EFTA00196033 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 21 of 35 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD July 30, 2005 THROUGH August 31, 2005 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 29, 2005 | | :--- | :--- | 027 09/01/05;13:28 001 EFTA00196034 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 22 of 35 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD July 30, 2005 THROUGH August 31, 2005 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 29, 2005 | | :--- | :--- |

SETTLEMENT DATE	TRANSACTION	DESCRIPTION	QUANTITY	DEBIT AMOUNT	CREDIT AMOUNT
08/12/05	JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 01/01/33 STRIP FITM TERM REPO AGREEMENT	4,677,451	3,562,000,00
08/12/05	JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 01/01/33 STRIP FITM TERM REPO AGREEMENT	14,032,355	10,686,000,00
08/12/05	JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO DUE 01/01/33 STRIP FITM REPO AGREEMENT	-18,709,806		13,401,000,00
08/12/05	JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE 11/01/33 FITM C2 TERM REPO AGREEMENT	6,637,070	5,060,000,00
08/12/05	JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE 11/01/33 FITM C2 TERM REPO AGREEMENT	13,274,141	10,120,000,00
08/12/05	JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE 11/01/33 FITM C1 TERM REPO AGREEMENT	-19,911,211		14,274,000,00
08/12/05	JOURNAL	FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS 05,000 DUE 12/01/24 FITM AZ TERM REPO AGREEMENT	18,648,443	3,788,000,00

027 09/01/05;13:28 001 EFTA00196035 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 23 of 35 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD July 30, 2005 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) THROUGH August 31, 2005 AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 29, 2005 | | :--- | :--- |

SETTLEMENT DATE	TRANSACTION	DESCRIPTION	QUANTITY	DEBIT AMOUNT	CREDIT AMOUNT
08/12/05	JOURNAL	FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS IO 5,000 DUE 12/01/34 FITM REPO AGREEMENT	-18,648,443		3,938,000,00
08/12/05	JOURNAL	FREDDIE MAC CMO/SERIES 2886 SC-I/O FLTR 3,911 DUE 07/15/19 FITM A1 REPO AGREEMENT	-3,471,600		182,000,00
08/12/05	JOURNAL	FREDDIE MAC CMO/SERIES 2886 SC-I/O FLTR 3,911 DUE 07/15/19 FITM AZ TERM REPO AGREEMENT	3,471,600	197,000,00
08/12/05	JOURNAL	FEDL HOME LOAN MTG CORP#S10110 SERIES 228 CLASS IO 6,000 DUE 02/01/35 FITM BZ TERM REPO AGREEMENT	16,861,393	2,818,000,00
08/12/05	JOURNAL	FEDL HOME LOAN MTG CORP#S10110 SERIES 228 CLASS IO 6,000 DUE 02/01/35 FITM A1 REPO AGREEMENT	-16,861,393		3,124,000,00
08/12/05	RECEIVED	UNITED STATES TREASURY NOTE DUE 07/31/2007 3,875 3,875 DUE 07/31/07 FITM A1 RESALE AGREEMENT	58,000,000	58,000,000,00
08/12/05	DELIVERED	UNITED STATES TREASURY NOTE DUE 07/31/2007 3,875 DUE 07/31/07 FITM A2 TERM RESALE AGREEMENT	-73,000,000		73,000,000,00

SETTLEMENT DATE	TRANSACTION	DESCRIPTION	DEBIT AMOUNT
08/12/05	INTEREST	FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO STRIP DUE 01/01/2033 0,000 FITM REPO INTEREST	10,980,85
08/12/05	INTEREST	FEDERAL NATIONAL MTG ASSN SERIES 329 CLASS PO STRIP DUE 01/01/2033 0,000 FITM AZ REPO INTEREST	32,942,56
08/12/05	INTEREST	FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE 11/01/2033 0,000 FITM CZ REPO INTEREST	15,598,86
08/12/05	INTEREST	FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE 11/01/2033 0,000 AZ REPO INTEREST	31,197,71
08/12/05	INTEREST	FEDL HOME LOAN MTG CORP/#S10109 SERIES 227 CLASS J0 DUE 12/01/2034 5,000 FITM AZ REPO INTEREST	11,677,56
08/12/05	INTEREST	FREDIE MAC CMO/SERIES 2886 SC-JO FLTR DUE 07/15/2019 3,911 FITM AZ REPO INTEREST	607,31
08/12/05	INTEREST	FEDL HOME LOAN MTG CORP/#S10110 SERIES 229 CLASS J0 DUE 02/01/2035 6,000 FITM BZ REPO INTEREST	8,687,27

027 09/01/05;13:28 001 EFTA00196037 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 25 of 35 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD July 30, 2005 | THROUGH | August 31, 2005 | | :--- | :--- | ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 29, 2005 | | :--- | :--- | 027 09/01/05;13:28 001 EFTA00196038 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 26 of 35 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD July 30, 2005 | THROUGH | August 31, 2005 | | :--- | :--- | ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 29, 2005 | | :--- | :--- | 027 09/01/05;13:28 001 EFTA00196039 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 27 of 35 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD July 30, 2005 THROUGH August 31, 2005 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 29, 2005 | | :--- | :--- | 027 09/01/05;13:28 001 EFTA00196040 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 28 of 35 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD July 30, 2005 THROUGH August 31, 2005 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 29, 2005 | | :--- | :--- |

SETTLEMENT DATE	TRANSACTION	DESCRIPTION	SYMBOL CUSIP	QUANTITY	DEBIT AMOUNT	CREDIT AMOUNT
08/18/05	JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU 3,770 DUE 02/20/92 FITM A2 TERM REPO AGREEMENT		24,151,766
08/18/05	JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU 3,770 DUE 02/20/92 FITM A1 REPO AGREEMENT		-24,151,766		1,216,000,00
08/18/05	JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0,001 DUE 07/01/14 FITM A1 REPO AGREEMENT		-18,534,514		13,289,000,00
08/18/05	JOURNAL	FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0,001 DUE 07/01/14 FITM A2 TERM REPO AGREEMENT		18,534,514	13,954,000,00
08/18/05	INTEREST	FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 DUE 07/01/2034 0,001 FITM A2 REPO INTEREST	3136FDKC9		43,617,88
08/22/05	JOURNAL	UNITED STATES TREASURY NOTE FITM A2 4,250 DUE 08/15/15 TERM REPO AGREEMENT		5,000,000	5,000,000,00
08/22/05	JOURNAL	UNITED STATES TREASURY NOTE FITM A1 4,250 DUE 08/15/15 REPO AGREEMENT		-15,000,000		15,037,500,00
08/22/05	RECEIVED	UNITED STATES TREASURY NOTE DUE 07/31/2007 3,875 3,875 DUE 07/31/07 FITM A1 RESALE AGREEMENT		68,000,000	68,170,000,00

027 09/01/05;13:28 001 EFTA00196041 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 29 of 35 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD July 30, 2005 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) | THROUGH | August 31, 2005 | | :--- | :--- | AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 29, 2005 | | :--- | :--- | | 027 | 09/01/05;13:28 | 001 | V895 | | :--- | :--- | :--- | :--- | EFTA00196042 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 30 of 35 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD July 30, 2005 THROUGH August 31, 2005 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 29, 2005 | | :--- | :--- |

SETTLEMENT DATE	TRANSACTION	DESCRIPTION	QUANTITY	DEBIT AMOUNT
08/29/05	JOURNAL	FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS IO 5,000 DUE 12/01/24 FITM A2 TERM REPO AGREEMENT	466,211	96,000,00
08/29/05	JOURNAL	FREDDIE MAC CMO/SERIES 2886 SC-I/O FLTR 3,728 DUE 07/15/19 FITM A1 REPO AGREEMENT	-8,249,152
08/29/05	JOURNAL	FREDDIE MAC CMO/SERIES 2886 SC-I/O FLTR 3,728 DUE 07/15/19 FITM A2 TERM REPO AGREEMENT	3,393,128	182,000,00
08/29/05	JOURNAL	FREDDIE MAC CMO/SERIES 2886 SC-I/O FLTR 3,728 DUE 07/15/19 FITM A2 TERM REPO AGREEMENT	4,856,023	258,000,00
08/29/05	INTEREST	FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS IO DUE 12/01/2034 5,000 FITM A2 REPO INTEREST		307,52
08/29/05	INTEREST	FREDDIE MAC CMO/SERIES 2886 SC-I/O FLTR DUE 07/15/2019 3,728 FITM A2 REPO INTEREST		324,01
08/29/05	INTEREST	FREDDIE MAC CMO/SERIES 2886 SC-I/O FLTR DUE 07/15/2019 3,728 FITM A2 REPO INTEREST		353,10

SETTLEMENT DATE	TRANSACTION	DESCRIPTION	QUANTITY	DEBIT AMOUNT	CREDIT AMOUNT
08/31/05	JOURNAL	UNITED STATES TREASURY NOTE FITM A2 4,250 DUE 08/31/15 TERM REPO AGREEMENT	15,000,000	15,037,500,00
08/31/05	JOURNAL	UNITED STATES TREASURY NOTE FITM A1 4,250 DUE 08/31/15 REPO AGREEMENT	-20,000,000		20,225,000,00
08/31/05	RECEIVED	UNITED STATES TREASURY NOTE DUE 08/31/2007 4,000 4,000 DUE 08/31/07 FITM A1 RESALE AGREEMENT	68,000,000	68,255,000,00
08/31/05	INTEREST	UNITED STATES TREASURY NOTE DUE 08/15/2015 4,250 FITM A2 REPO INTEREST		11,925,57
TOTAL				-507,995,684.41	$466,948,993.08

## MISCELLANEOUS

DATE MO/DAY	TRANSACTION	DESCRIPTION	CREDIT AMOUNT
08/01/05	JOURNAL	FR CMDY A/C	134,475.00
08/02/05	JOURNAL	FR CMDY A/C	45,575.00
08/03/05	JOURNAL	FR CMDY A/C	29,425.00
08/05/05	JOURNAL	FR CMDY A/C	8,673.61
08/08/05	JOURNAL	FR CMDY A/C	128,764.50
08/09/05	JOURNAL	FR CMDY A/C	83,571.00

027 09/01/05;13:28 001 EFTA00196044 BEAR STEARNS 32 of 35 ## **Transaction Detail** (continued) ## MISCELLANEOUS (continued)

DATE MO/DAY	TRANSACTION	DESCRIPTION	DEBIT AMOUNT	CREDIT AMOUNT
08/11/05	JOURNAL	FNMA-30YR(FNMA)GTD SETT, 08/04 5,500 DUE 08/01/34 MBS NET 08/11/05		341,250.00
08/11/05	JOURNAL	FNMA 30YR GTD SETT, 08/05 5,000 DUE 08/01/35 MBS NET 08/11/05		24,609.37
08/12/05	JOURNAL	TO CMDY A/C	183,978.50
08/15/05	JOURNAL	FR CMDY A/C		163,615.50
08/16/05	JOURNAL	TO CMDY A/C	28,494.50
08/24/05	JOURNAL	TO CMDY A/C	130,387.50
08/25/05	JOURNAL	JULY 05 CLR FEES PART II	2,450.00
08/25/05	JOURNAL	FR CMDY A/C		7,250.00
08/29/05	JOURNAL	FR CMDY A/C		94,837.50
08/30/05	JOURNAL	FR CMDY A/C		112,947.50
TOTAL			-345,310.50	$1,174,993.98

CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY FINANCIAL TRUST CO INC STATEMENT PERIOD July 30, 2005 THROUGH August 31, 2005 ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 29, 2005 | | :--- | :--- | 027 09/01/05;13:28 001 V895 EFTA00196045 BEAR STEARNS CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 33 of 35 FINANCIAL TRUST CO INC Trades Executed Pending Settlement STATEMENT PERIOD July 30, 2005

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
09/01/05	08/31/05	BOUGHT	UNITED STATES TREASURY NOTE DUE 08/31/2007, 04,000% FA 28 YIELD 3,938 X TO MATURE GVER REF # A1	18,000,000 .00	100,1171	18,023,082.70
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 .00	98,1718	49,085,937.50
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 .00	98,3828	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 # 2005081157060000 BS	50,000,000 .00	98,4921	49,246,093.75
09/14/05	08/31/05	BOUGHT	FNMA-30YR(FNMA)GTD SETT.09/05 DUE 09/01/2035, 05,000% REF # 2005081157020000 BS	10,000,000 .00	99,0937	9,909,375.00
09/14/05	08/03/05	SOLD	FNMA-30YR(FNMA)GTD SETT.09/05 DUE 09/01/2035, 05,000% REF # 2005080357150000 BS	-10,000,000 .00	98,2031		9,820,312.50
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 .00	98,1562		49,078,125.00

027 09/01/05;13:28 001 EFTA00196046 BEAR STEARNS CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 34 of 35 FINANCIAL TRUST CO INC Trades Executed Pending Settlement (continued) STATEMENT PERIOD July 30, 2005

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
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 .00	98,3007		49,150,390,63
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 .00	98,5507		49,275,390,63
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 .00	100,2851		1,002,851,56
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 .00	100,2656		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 .00	101,9609	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 .00	102,0468	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 # 2005081657090000 BS	-50,000,000 .00	102,0859		51,042,968,75

027 09/01/05;13:28 001 EFTA00196047 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 35 of 35 FINANCIAL TRUST CO INC ## Trades Executed Pending Settlement (continued) STATEMENT PERIOD July 30, 2005 THROUGH August 31, 2005 ACCOUNT NUMBER | LAST STATEMENT | July 29, 2005 | | :--- | :--- | TAXPAYER NUMBER On File

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
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 .00	102,0937		51,046,875 .00
TOTAL							$277,459,801.45	$359,679,882.82

The above trades do not appear in any other section of this statement. ******* End of Statement****** 027 09/01/05;13:28 001