Bear Stearns brokerage statement for an Epstein-linked entity, April–May 2002

EFTA00196619¶

OFFICE SERVICING YOUR ACCOUNT¶

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

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| :--- | :--- |¶

| ACCOUNT EXECUTIVE | ZICHERMAN, IRA |¶

| TELEPHONE | |¶

| VISIT OUR WEBSITE | www.bearstearns.com |¶

What’s In This Statement¶

Your Portfolio Holdings … 4¶

Transaction Detail … 5¶

Fund Activity 6¶

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

FINANCIAL TRUST COMPANY INC

C/O AMERICAN YACHT HARBOR *

6100 RED HOOK SUITE B-3

QUARTERS #2

ST THOMAS VI 00802

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

Your Portfolio at a Glance¶

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

LAST STATEMENT April 26, 2002¶

TAXPAYER NUMBER On File¶

STATEMENT PERIOD April 27, 2002¶

FINANCIAL TRUST COMPANY INC¶

ACCOUNT NUMBER¶

THROUGH May 31, 2002¶

TOTAL VALUE OF SECURITIES THIS PERIOD	11,737,949
NET CREDIT BALANCE	110,868
MONEY MARKET FUND BALANCE	45,946,286
NET EQUITY THIS PERIOD	$57,795,103
NET EQUITY LAST STATEMENT	100,364,395
CHANGE SINCE LAST STATEMENT	-42,569,291

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.¶

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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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶

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

STATEMENT BACKER IS PRINTED ON THIS PAGE¶

FINANCIAL TRUST COMPANY INC¶

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EFTA00196621¶

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¶

	THIS PERIOD
OpeningBalance	$515,219.52
Securities Sold	18,637,433.33
Money Fund	29,287,770.03
Funds Deposited	10,000,000.00
Dividends/Interest	908.01
Amount Credited	$57,926,111.37
Securities Bought	-1,142,692.50
Money Fund	-17,487,770.03
Funds Withdrawn	-39,000,000.00
Miscellaneous	-700,000.00
Amount Debited	$-58,330,462.53
Net Cash Activity	-404,351.16
Closing Balance	$110,868.36

Same day transfers of cash between account types are not included in this section; such transfers, as well as details for all other transactions this period, appear in Transaction Detail.¶

Cash Balance Summary¶

	OPENING	CLOSING
Cash	515,219.52	110,868.36
Net Cash Balance	$515,219.52	$110,868.36

Income Summary¶

	THIS PERIOD	YEAR TO DATE
Dividends	87,770.03	468,673.53
Credit Balance Int.	908.01	4,256.68
Total	$88,678.04	$472,930.21

Portfolio Composition¶

	SHORT	LONG
Cash/Cash Equivalent		46,057,154
Equities	320,000	12,057,949
Total	$320,000	$58,115,103

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶

Bear, Steams Securities Corp.¶

One Metrotech Center North Brooklyn, New York 11201-3859¶

FINANCIAL TRUST COMPANY INC¶

STATEMENT PERIOD	April 27,2002
THROUGH	May 31,2002
ACCOUNT NUMBER
TAXPAYER NUMBER	On File
LAST STATEMENT	April 26,2002

Your Portfolio Allocation¶

EFTA00196622¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

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

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Your Portfolio Holdings¶

CASH & CASH EQUIVALENTS¶

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
CASH BALANCE				110,868
DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 1,7800%	DICXX	45,946,285.95	1.0000	45,946,286	827,033	1.8000
TOTAL CASH & CASH EQUIVALENTS				$46,057,154	$827,033

EQUITIES¶

Equities & Options¶

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
CNH GLOBAL	CNH	CASH	250,000	5.5500	1,387,500	18,750	1.3514
CHARLES SCHWAB CORP NEW	SCH	CASH	100,000	12.0900	1,209,000	4,400	0.3639
CALL TOO INC JUL 030 **** EXP 07/20/2002	TOOGF	MRGN	-2,000	1.6000	-320,000
VECTOR GROUP LTD	VGR	CASH	374,294	20.3800	7,628,112	598,870	7.8508
SENTIGEN HOLDING CP RSTD		CASH	333,334	5.5000	1,833,337
Total Equities& Options					$11,737,949	$622,020
TOTAL EQUITIES					$11,737,949	$622,020

YOUR TOTAL ESTIMATED ANNUAL INCOME	$1,449,053
YOUR PRICED PORTFOLIO HOLDINGS	$57,795,103

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

STATEMENT PERIOD April 27, 2002¶

THROUGH May 31, 2002¶

FINANCIAL TRUST COMPANY INC¶

AGCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | April 26, 2002 |¶

| :--- | :--- |¶

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EFTA00196623¶

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, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859¶

5 of 8¶

FINANCIAL TRUST COMPANY INC¶

Transaction Detail¶

STATEMENT PERIOD April 27, 2002¶

INVESTMENT ACTIVITY¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
05/16/02	05/13/02	BOUGHT	CHARLES SCHWAB CORP NEW AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	SCH	100,000	11.36690	1,142,692.50
05/20/02		RECEIVED	TOO INC DK	TOO	725,000
05/20/02		DELIVERED	TOO INC DEL TO 00901	TOO	-725,000
05/20/02		JOURNAL	CALL TOO INC MAY 030 CBOE EXP 05/18/2002 A/E QTOOEF ASSIGNED 00648	8903339E9	6,000
05/21/02		DELIVERED	TOO INC DEL TO 00901	TOO	-450,000
05/22/02	05/20/02	SOLD	TOO INC A/E QTOOEF 6000 ASSIGNED	TOO	-600,000	30.00000		17,984,455.70
05/22/02	05/21/02	SOLD	CALL TOO INC JUL 030 **** EXP 07/20/2002 UNSOLICITED OPEN CONTRACT	QTOOGF	-2,000	3.30000		652,977.63
TOTAL							$-1,142,692.50	$18,637,433.33

DEPOSITS AND WITHDRAWALS¶

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BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

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

CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶

6 of 8¶

Bear, Steams Securities Corp.¶

One Meterotech Center North Brooklyn, New York 11201-3859¶

Transaction Detail (continued)¶

DEPOSITS AND WITHDRAWALS (continued)¶

DATE	TRANSACTION	DESCRIPTION	DEBIT AMOUNT	CREDIT AMOUNT
05/01/02	FUNDS REC	FNDS WIRED TO CITIBANK FROM MORGAN STANLEY, CO., INC.		10,000,000.00
05/08/02	FND WIRED	MDA# PALM BEACH NATL FNDS WIRED TO BK & TR CO	1,000,000.00
05/20/02	FND WIRED	MDA# CHASE MANHATTAN FNDS WIRED TO BANK N.A	7,000,000.00
05/30/02	FND WIRED	MDA# PALM BEACH NATL FNDS WIRED TO BK & TR CO	1,000,000.00
05/30/02	FND WIRED	MDA CHASE MANHATTAN FNDS WIRED TO BANK N.A	10,000,000.00
TOTAL				-$39,000,000.00 $10,000,000.00

FINANCIAL TRUST COMPANY INC¶

STATEMENT PERIOD April 27, 2002¶

THROUGH May 31, 2002¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | April 26, 2002 |¶

| :--- | :--- |¶

MONEY FUND ACTIVITY¶

DATE MO/DAY	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
04/27/02		OPENINGBALANCE		57,658,515.92
04/29/02	SOLD	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES	DICXX	-20,000,000	1.0000		20,000,000.00
05/01/02	DIVIDEND	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND	DICXX				87,770.03
05/01/02	REINVEST	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVESTED	DICXX	87,770.03		87,770.03
05/03/02	BOUGHT	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES	DICXX	9,800,000	1.0000	9,800,000.00

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V559¶

EFTA00196625¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶

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

7 of 8¶

FINANCIAL TRUST COMPANY INC¶

Transaction Detail (continued)¶

STATEMENT PERIOD April 27, 2002¶

THROUGH May 31, 2002¶

MONEY FUND ACTIVITY (continued)¶

TAXPAYER NUMBER On File¶

LAST STATEMENT April 26, 2002¶

DATE MO/DAY	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
05/08/02	SOLD	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES	DICXX	-1,000,000	1.0000		1,000,000.00
05/16/02	SOLD	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES	DICXX	-1,200,000	1.0000		1,200,000.00
05/20/02	SOLD	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES	DICXX	-7,000,000	1.0000		7,000,000.00
05/30/02	BOUGHT	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES	DICXX	7,600,000	1.0000	7,600,000.00
05/31/02		CLOSINGBALANCE		45,946,285.95

05/31/02	CLOSINGBALANCE	45,946,285.95
TOTAL		-17,487,770.03	$29,287,770.03

INTEREST¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
05/21/02	INTEREST ON CREDIT BALANCE AT 1 1/4% 04/21 THRU 05/20			1.2500		908.01
TOTAL							$908.01

MISCELLANEOUS¶

DATE MO/DAY	TRANSACTION	DESCRIPTION	DEBIT AMOUNT	CREDIT AMOUNT
05/02/02	JOURNAL	TO PER LOA	400,000.00
05/03/02	JOURNAL	TO PER LOA	300,000.00
05/22/02	JOURNAL	JOURNAL FROM TYPE 1 TO 2	1,836,025.00
05/22/02	JOURNAL	JOURNAL FROM TYPE 1 TO 2		1,836,025.00

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06/01/02;15:46 001¶

EFTA00196626¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

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

8 of 8¶

Transaction Detail (continued)¶

MISCELLANEOUS (continued)¶

DATE MO/DAY	TRANSACTION	DESCRIPTION	DEBIT AMOUNT	CREDIT AMOUNT
05/31/02	JOURNAL	JOURNAL FROM TYPE 2 TO 1		2,489,002.63
05/31/02	JOURNAL	JOURNAL FROM TYPE 2 TO 1	2,489,002.63
TOTAL			-5,025,027.63	$4,325,027.63

******* End of Statement*******¶

CLEARED THROUGH ITS¶

CLEARLY WOUNDED SUBSIDIARY¶

Bear, Steams Securities Corp.¶

One Metratech Center North¶

Brooklyn, New York 11201-3859¶

FINANCIAL TRUST COMPANY INC¶

STATEMENT PERIOD April 27, 2002¶

THROUGH May 31, 2002¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | April 26, 2002 |¶

| :--- | :--- |¶

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