EFTA00196358

OFFICE SERVICING YOUR ACCOUNT

Bear, Stearns & Co. Inc.
383 Madison Avenue
New York, New York 10179



ACCOUNT EXECUTIVE  SPEC CUSTOMER

VISIT OUR WEBSITE  www.bearstearns.com



## What’s In This Statement

Financial Summary 3

Your Portfolio Holdings ... 3

Transaction Detail 4

Your Messages 4





## FINANCIAL TRUST CO INC

C/O JEFFREY EPSTEIN

6100 RED HOOK QUARTER

SUITE B3

ST THOMAS VI 00802-1348



CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY



## Your Portfolio at a Glance

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

| LAST STATEMENT | December 29, 2006 |

| :--- | :--- |

<table border="1"><tr><td>NET DEBIT BALANCE</td><td>-43,404</td><td>Cash&amp;Equity</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$-43,404</td><td></td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>0</td><td></td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>-43,404</td><td></td></tr></table>

TAXPAYER NUMBER On File



ACCOUNT NUMBER



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

STATEMENT PERIOD March 1, 2007

FINANCIAL TRUST CO INC

THROUGH March 30, 2007

Market Value of Your Portfolio

Please report any difference or non-receipt of checks or stocks, indicated as delivered to you, to Client Services at 800-634-1428; or write to Client Services at Bear, Steams Securities Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3859.



This summary is for informational purposes only. It is not intended as a tax document. This statement should be retained for our records. See reverse side for important information.



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CLEARED THROUGH ITS
WHOLLY OWNED SUBSIDIARY





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Bear, Steams Securities Corp.
One Metratech Center North
Brooklyn, New York 11201-3859

FINANCIAL TRUST CO INC

STATEMENT BACKER IS PRINTED ON THIS PAGE

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EFTA00196360



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

Bear, Stearns & Co. Inc.
383 Madison Avenue
New York, New York 10179

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Cash Flow Analysis

<table border="1"><tr><td></td><td>THIS PERIOD</td></tr><tr><td>OpeningBalance</td><td>$0.30</td></tr><tr><td>Dividends/Interest Charged</td><td>-43,403.95</td></tr><tr><td>Amount Debited</td><td>$-43,403.95</td></tr><tr><td>Net Cash Activity</td><td>-43,403.95</td></tr><tr><td>ClosingBalance</td><td>$-43,403.65</td></tr></table>

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Margin</td><td>0.30</td><td>-43,403.65</td></tr><tr><td>Net Cash Balance</td><td>$0.30</td><td>$-43,403.65</td></tr></table>

Portfolio Composition

<table border="1"><tr><td></td><td>SHORT</td><td>LONG</td></tr><tr><td>Cash/Cash Equivalent</td><td>43,404</td><td></td></tr><tr><td>Total</td><td>$43,404</td><td></td></tr></table>

## Your Portfolio Holdings

CASH & CASH EQUIVALENTS

<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>ESTIMATED YIELD (%)</th></tr></thead><tbody><tr><td>CASH BALANCE</td><td></td><td></td><td></td><td>-43,404</td><td></td><td></td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$-43,404</td><td></td><td></td></tr></tbody></table>

<table border="1"><tr><td>YOUR PRICED PORTFOLIOHOLDINGS</td><td>$-43,404</td></tr></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY



Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

027

STATEMENT PERIOD March 1, 2007

THROUGH March 30, 2007

FINANCIAL TRUST CO INC



ACCOUNT NUMBER



Your Portfolio Allocation

| LAST STATEMENT | December 29, 2006 |

| :--- | :--- |

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.

EFTA00196361



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

Bear, Stearns & Co. Inc.
383 Madison Avenue
New York, New York 10179



CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY



Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

4 of 5

FINANCIAL TRUST CO INC



Transaction Detail


STATEMENT PERIOD March 1, 2007

THROUGH March 30, 2007



INTEREST




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>03/27/07</td><td>GOVERNMENT NATIONAL MTG ASSOC<br>SERIES 2004-041 CLASS SE<br>1,880 DUE 05/20/30<br>REV JNL A/O 9/30/2005 FOR<br>9/20/2005 INT</td><td></td><td></td><td>1.8800</td><td>43,403.95</td><td></td></tr><tr><td colspan="6">TOTAL</td><td>-43,403.95</td></tr></tbody></table>

| LAST STATEMENT | December 29, 2006 |

| :--- | :--- |

## Your messages



Bear, Stearns Securities Corp. Net Capital and Net Capital Requirements:

At November 30, 2006 and January 31, 2007, the Company's net capital of approximately $4.0 billion and $4.0 billion was approximately 6.8% and 6.7% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $1.2 billion and $1.2 billion by approximately $2.8 billion and $2.8 billion, all respectively.

A complete copy of the Bear, Stearns Securities Corp. Statement of Financial Condition is available on the web site www.bearstearns.com. Alternatively, to request a free printed copy please call - toll free 1-866-299-9331.



## SPECIAL NOTICE FOR MARGIN CUSTOMERS

If you are a customer with a margin account, you consent to Bear Stearns's right to use, lend or pledge any securities held by Bear Stearns in your margin account. In certain circumstances, such loans or other use may limit, in whole or in part, your ability to receive dividends directly from the issuing company and/or your right to exercise voting and other attendant rights of ownership with respect to the loaned, sold or pledged securities. Such circumstances include, but are not limited to, loans of securities that you own in your margin account that continue over record dates for voting purposes and ex-dividend dates for dividend distributions. If you do not receive dividends directly from the issuing company, you may receive payments-in-lieu of dividends which could cause you to lose the benefit of the preferential tax treatment accorded to dividends.

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EFTA00196362



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

Bear, Stearns & Co. Inc.
383 Madison Avenue
New York, New York 10179



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You are advised to promptly report any inaccuracy or discrepancy in your account to your broker and Bear, Stearns Securities Corp. ("BSSC") at the telephone numbers listed on the front of this statement. In order to protect your rights, including any rights under the Securities Investor Protection Act ("SIPA"), any such communications should be reconfirmed in writing to your broker and BSSC at the addresses which appear on the front of this statement.





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





CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY





Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859



FINANCIAL TRUST CO INC

STATEMENT PERIOD March 1, 2007



ACCOUNT NUMBER



027

THROUGH March 30, 2007

| LAST STATEMENT | December 29, 2006 |

| :--- | :--- |

TAXPAYER NUMBER On File



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