EFTA00196393

<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 1

Transaction Detail ... 2

ATTN LIZ LYNETT

C/O OFFICE

Cash Flow Analysis

<table border="1"><tr><td></td><td>THIS PERIOD</td></tr><tr><td>OpeningBalance</td><td>$0.00</td></tr><tr><td>Dividends/Interest</td><td>2,903.41</td></tr><tr><td>Amount Credited</td><td>$2,903.41</td></tr><tr><td>Miscellaneous</td><td>-2,903.41</td></tr><tr><td>Amount Debited</td><td>$-2,903.41</td></tr><tr><td>ClosingBalance</td><td>$0.00</td></tr></table>

## Income Summary

<table border="1"><tr><td></td><th>THIS PERIOD</th><th>YEAR TO DATE</th></tr><tr><td>Govt. Agency Int.</td><td>2,903.41</td><td>8,792.14</td></tr><tr><td>Total</td><td>$2,903.41</td><td>$8,792.14</td></tr></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY





FINANCIAL TRUST CO INC

STATEMENT PERIOD September 28, 2002

THROUGH October 25, 2002



ACCOUNT NUMBER



TAXPAYER NUMBER On File

| LAST STATEMENT | September 27, 2002 |

| :--- | :--- |

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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BEAR
STEARNS


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



CLEARED THROUGH ITS
WHOLLY OWNED SUBSDIARY




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FINANCIAL TRUST CO INC

STATEMENT PERIOD September 28, 2002

## Repurchase and Reverse Repurchase Transactions

| THROUGH | October 25, 2002 |

| :--- | :--- |

with Bear, Stearnsand Co. Inc. outstanding as of date of statement

AGCOUNT NUMBER

| LAST STATEMENT | September 27, 2002 |

| :--- | :--- |

TAXPAYER NUMBER On File

<table><thead><tr><th></th><th>PURCHASE/ START DATE</th><th>REPURCHASE DATE</th><th>PRICING RATE</th><th>PURCHASE PRICE/ PRINCIPAL</th><th>ACCRUED REPO INTEREST*</th><th>QUANTITY (FACE AMOUNT)</th><th>CUSIP</th><th>DESCRIPTION</th></tr></thead><tbody><tr><td colspan="9">YOU PROVIDED</td></tr><tr><td>(MARGIN)</td><td>10/16/02</td><td>OPEN</td><td>0.000</td><td></td><td></td><td>-30,000,000</td><td></td><td>FEDERAL HOME LOAN MTG CORP<br>SERIES 2471 CLASS YT 1.0000 03/15/32</td></tr><tr><td colspan="4">TOTAL REVERSE REPURCHASE TRANSACTIONS</td><td>$0</td><td>$0</td><td></td><td></td><td></td></tr><tr><td colspan="4">TOTAL REPURCHASE TRANSACTIONS</td><td>$0</td><td>$0</td><td></td><td></td><td></td></tr></tbody></table>

*As of statement date*



Transaction Detail




INTEREST


<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 rowspan="5">10/15/02</td><td>FEDERAL HOME LOAN MTG CORP</td><td></td><td></td><td>1.0000</td><td></td><td>2,903.41</td></tr><tr><td>SERIES 2471 CLASS YT</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>DUE 03/15/2032</td><td>1,000</td><td></td><td></td><td></td><td></td></tr><tr><td>INT R/D 09-02 P/D 10-15-02</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>REPO P &amp; I</td><td>1,0000</td><td></td><td></td><td></td><td></td></tr><tr><td colspan="6">TOTAL</td><td>$2,903.41</td></tr></tbody></table>

## MISCELLANEOUS

<table><thead><tr><th>DATE MO/DAY</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>10/16/02</td><td>JOURNAL</td><td>FEDERAL HOME LOAN MTG CORP<br>SERIES 2471 CLASS YT<br>1,000 DUE 03/15/32<br>P&amp;I TRNFR</td><td>2,903.41</td><td></td></tr><tr><td colspan="3">TOTAL</td><td>-2,903.41</td><td></td></tr></tbody></table>

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STATEMENT BACKER IS PRINTED ON THIS PAGE

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