EFTA00196841

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

| | |

| :--- | :--- |

| ACCOUNT EXECUTIVE | ZICHERMAN, IRA |

| TELEPHONE | |

| VISIT OUR WEBSITE | www.bearstearns.com |

## What’s In This Statement

Financial Summary 3

Your Portfolio Holdings ... 4

<table><tr><td>Transaction Detail</td><td>6</td></tr></table>

Fund Activity ... 7





<table border="1"><tr><td>FINANCIAL TRUST COMPANY INC</td></tr><tr><td>C/O AMERICAN YACHT HARBOR</td></tr><tr><td>6100 RED HOOK SUTE B-3</td></tr><tr><td>QUAETERS #2</td></tr><tr><td>ST THOMAS VI 00802-1348</td></tr></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSDIARY



Your Portfolio at a Glance

<table border="1"><tr><td>TOTAL VALUE OF SECURITIES THIS PERIOD</td><td>37,785,848</td></tr><tr><td>NET CREDIT BALANCE</td><td>4,532</td></tr><tr><td>MONEY MARKET FUND BALANCE</td><td>12,080,807</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$49,871,187</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>82,636,678</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>-32,765,491</td></tr></table>

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

Market Value of Your Portfolio

| LAST STATEMENT | September 30, 2005 |

| :--- | :--- |



ACCOUNT NUMBER



Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

TAXPAYER NUMBER On File

STATEMENT PERIOD October 1, 2005

FINANCIAL TRUST COMPANY INC

THROUGH October 31, 2005

Please report any difference or non-receipt of checks or stocks, indicated as delivered to you, to Client Services at 600-634-1428; 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 your records. See reverse side for important information.

027 11/01/05:08:34 001



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EFTA00196842

CLEARED THROUGH ITS
WHOLLY OWNED SUBSIDIARY

2 of 10

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

FINANCIAL TRUST COMPANY INC

STATEMENT BACKER IS PRINTED ON THIS PAGE

027

EFTA00196843



BEAR
STEARNS


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

3 of 10

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>Securities Sold</td><td>18,015,157.21</td></tr><tr><td>Money Fund</td><td>670,921.28</td></tr><tr><td>Dividends/Interest</td><td>223,003.00</td></tr><tr><td>Miscellaneous</td><td>19,716,376.76</td></tr><tr><td>Amount Credited</td><td>$38,625,458.25</td></tr><tr><td>Securities Bought</td><td>-989,905.00</td></tr><tr><td>Money Fund</td><td>-12,594,554.08</td></tr><tr><td>Dividends/Interest Charged</td><td>-36,467.43</td></tr><tr><td>Miscellaneous</td><td>-25,000,000.00</td></tr><tr><td>Amount Debited</td><td>$-38,620,926.51</td></tr><tr><td>Net Cash Activity</td><td>4,531.74</td></tr><tr><td>Closing Balance</td><td>$4,531.74</td></tr></table>

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

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>0.00</td><td>4,531.74</td></tr><tr><td>Net Cash Balance</td><td>$0.00</td><td>$4,531.74</td></tr></table>

Income Summary

<table border="1"><tr><td></td><td>THIS PERIOD</td><td>YEAR TO DATE</td></tr><tr><td>Dividends</td><td>224,387.50</td><td>2,216,693.31</td></tr><tr><td>Credit Balance Int.</td><td>0.00</td><td>2,395.40</td></tr><tr><td>Total</td><td>$224,387.50</td><td>$2,219,088.71</td></tr><tr><td>Foreign Tax Withheld</td><td>0.00</td><td>-2,227.67</td></tr><tr><td>Margin Int. Paid</td><td>-36,467.43</td><td>-36,467.43</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></td><td>12,085,339</td></tr><tr><td>Equities</td><td>5,000</td><td>37,790,848</td></tr><tr><td>Total</td><td>$5,000</td><td>$49,876,187</td></tr></table>



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 October 1, 2005



THROUGH October 31, 2005

Your Portfolio Allocation

TAXPAYER NUMBER On File

| LAST STATEMENT | September 30, 2005 |

| :--- | :--- |

Unshaded portions denote debit balance and/or short market values. The allocation percentage is derived from the absolute market value of your portfolio.

V897

EFTA00196844



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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



CLEARED THROUGH ITS
CLEARLY WOUNDED SUBSIDIARY





Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859



4 of 10

## 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>CURRENT YIELD (%)</th></tr></thead><tbody><tr><td>CASH BALANCE</td><td></td><td></td><td></td><td>4,532</td><td></td><td></td></tr><tr><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST. 30 DAY AVG YIELD 3,7500%</td><td>DICXX</td><td>12,080,807.31</td><td>1.0000</td><td>12,080,807</td><td>410,747</td><td>3.4000</td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$12,085,339</td><td>$410,747</td><td></td></tr></tbody></table>

STATEMENT PERIOD October 1, 2005

THROUGH October 31, 2005

FINANCIAL TRUST COMPANY INC



ACCOUNT NUMBER



TAXPAYER NUMBER On File

| LAST STATEMENT | September 30, 2005 |

| :--- | :--- |

The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the Firm’s Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: O = Outperform; P = Peer Perform; U = Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market Underweight. In cases where a BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed, where such research is available. The various providers have normalized their ratings systems as follows: B = Buy; H = Hold; S = Sell. The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal or investment advice. Bear Stearns is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons.

## EQUITIES

## Equities & Options

Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost. Customers can access this research at www.bearstearns.com or can call (800) 517-2327 to request that a copy of this research be sent to them.

<table><thead><tr><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>ACCT TYPE</th><th>QUANTITY</th><th>PRICE</th><th>MARKET VALUE</th><th>ESTIMATED ANNUAL INCOME</th><th>CURRENT YIELD (%)</th></tr></thead><tbody><tr><td>APPLE COMPUTER INC<br>BSC RATING: STOCK O/SECTOR MW<br>BOYAR&#39;S ALTERNATIVE VIEWPOINT<br>RATING: S</td><td>AAPL</td><td>CASH</td><td>20,000</td><td>57.5900</td><td>1,151,800</td><td></td><td></td></tr><tr><td>BEAR STEARNS COMPANIES INC</td><td>BSC</td><td>CASH</td><td>130,000</td><td>105.8000</td><td>13,754,000</td><td>130,000</td><td>0.9452</td></tr></tbody></table>

027



11/01/05;08:34 001


EFTA00196845



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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



CLEARED THROUGH ITS
WHOLLY OWNED SUBSDIARY


**5 of 10**

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

Equities & Options (continued)

## Your Portfolio Holdings (continued)

FINANCIAL TRUST COMPANY INC

<table><thead><tr><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>ACCT TYPE</th><th>QUANTITY</th><th>PRICE</th><th>MARKET VALUE</th><th>ESTIMATED ANNUAL INCOME</th><th>CURRENT YIELD (%)</th></tr></thead><tbody><tr><td>COLGATE PALMOLIVE CO<br>BSC RATING: STOCK O/SECTOR MW<br>FULCRUM GLOBAL PARTNERS, LLC<br>RATING: B</td><td>CL</td><td>CASH</td><td>106,200</td><td>52.9600</td><td>5,624,352</td><td>123,192</td><td>2.1903</td></tr><tr><td>CALL COLGATE PALM NOV 055****<br>EXP 11/19/2005</td><td>CLK55</td><td>CASH</td><td>-200</td><td>0.2500</td><td>-5,000</td><td></td><td></td></tr><tr><td>DEERFIELD TRIARC CAP CORP<br>ACCREDITED INVESTORS</td><td></td><td>CASH</td><td>1,000,000</td><td>12.9700</td><td>12,970,000</td><td></td><td></td></tr><tr><td>ENVIRONMENTAL SOLUTIONS<br>WORLDWIDE INC</td><td>ESWW</td><td>CASH</td><td>100,000</td><td>0.5500</td><td>55,000</td><td></td><td></td></tr><tr><td>KERZNER INTERNATIONAL LTD<br>BSC RATING: STOCK O/SECTOR MW<br>NED DAVIS RESEARCH RATING: H</td><td>KZL</td><td>CASH</td><td>10,000</td><td>58.3500</td><td>583,500</td><td></td><td></td></tr><tr><td>VECTOR GROUP LTD</td><td>VGR</td><td>CASH</td><td>159,589</td><td>19.9600</td><td>3,185,396</td><td>255,342</td><td>8.0160</td></tr><tr><td>WYNN RESORTS LTD<br>BSC RATING: STOCK P/SECTOR MW<br>WALL STREET STRATEGIES<br>RATING: H</td><td>WYNN</td><td>CASH</td><td>10,000</td><td>46.6800</td><td>466,800</td><td></td><td></td></tr><tr><td colspan="4">Total Equities&amp; Options</td><td></td><td>$37,785,848</td><td>$508,534</td><td></td></tr><tr><td colspan="4">TOTAL EQUITIES</td><td></td><td>$37,785,848</td><td>$508,534</td><td></td></tr></tbody></table>

STATEMENT PERIOD October 1, 2005

THROUGH October 31, 2005



ACCOUNT NUMBER



| LAST STATEMENT | September 30, 2005 |

| :--- | :--- |

TAXPAYER NUMBER On File

<table border="1"><tr><td>YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME</td><td>$919,281</td></tr><tr><td>YOUR PRICEDPORTFOLIOHOLDINGS</td><td>$49,871,187</td></tr></table>

027



11/01/05;08:34 001


EFTA00196846



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

6 of 10

FINANCIAL TRUST COMPANY INC



Transaction Detail


STATEMENT PERIOD October 1, 2005

## INVESTMENT ACTIVITY

<table><thead><tr><th>DATE</th><th>DATE</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>PRICE</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>10/06/05</td><td></td><td>JOURNAL</td><td>BEAR STEARNS COMPANIES INC<br>JOURNAL FROM TYPE 1 TO 2</td><td>BSC</td><td>-450,000</td><td></td><td></td><td></td></tr><tr><td>10/06/05</td><td></td><td>JOURNAL</td><td>EQUITY OFFICE PROPERTIES TRUST<br>SBI<br>JOURNAL FROM TYPE 1 TO 2</td><td>EOP</td><td>-110,000</td><td></td><td></td><td></td></tr><tr><td>10/06/05</td><td></td><td>JOURNAL</td><td>BEAR STEARNS COMPANIES INC<br>JOURNAL FROM TYPE 1 TO 2</td><td>BSC</td><td>450,000</td><td></td><td></td><td></td></tr><tr><td>10/06/05</td><td></td><td>JOURNAL</td><td>EQUITY OFFICE PROPERTIES TRUST<br>SBI<br>JOURNAL FROM TYPE 1 TO 2</td><td>EOP</td><td>110,000</td><td></td><td></td><td></td></tr><tr><td>10/17/05</td><td>10/12/05</td><td>BOUGHT</td><td>APPLIE COMPUTER INC<br>WITH RIGHTS TO PURCHASE COMMON STK UNDER CERTAIN CIRCUMSTANCE UNSOLICITED<br>WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REQUEST UNIT PRICE 49,435000</td><td>AAPL</td><td>20,000</td><td>49.49500</td><td>989,905.00</td><td></td></tr><tr><td>10/24/05</td><td></td><td>JOURNAL</td><td>BEAR STEARNS COMPANIES INC<br>TO VS 7-14-05 AT T06,26</td><td>BSC</td><td>-100,000</td><td></td><td></td><td></td></tr><tr><td>10/27/05</td><td>10/24/05</td><td>SOLD</td><td>MACK-CALI REALTY CORP<br>UNSOLICITED</td><td>CUI</td><td>-88,100</td><td>41.90500</td><td></td><td>3,686,385.18</td></tr><tr><td>10/27/05</td><td>10/24/05</td><td>SOLD</td><td>TOO INC<br>UNSOLICITED</td><td>TOO</td><td>-4,100</td><td>27.20240</td><td></td><td>111,274.17</td></tr><tr><td>10/27/05</td><td>10/24/05</td><td>SOLD</td><td>BEAR STEARNS COMPANIES INC<br>UNSOLICITED<br>BEAR, STEARNS &amp; CO, INC, IS A SUBSIDIARY OF THE BOUER.<br>ISP 7114/05@106,26</td><td>BSC</td><td>-100,000</td><td>104.54700</td><td></td><td>10,448,257.99</td></tr><tr><td>10/27/05</td><td>10/24/05</td><td>SOLD</td><td>EQUITY OFFICE PROPERTIES TRUST<br>SBI<br>UNSOLICITED</td><td>EOP</td><td>-110,000</td><td>30.69360</td><td></td><td>3,369,549.87</td></tr></tbody></table>

027



11/01/05;08:34 001


EFTA00196847



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

7 of 10

FINANCIAL TRUST COMPANY INC

## **Transaction Detail** (continued)

STATEMENT PERIOD October 1, 2005

INVESTMENT ACTIVITY (continued)

<table><thead><tr><th>SETTLEMENT DATE</th><th>TRADE DATE</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>PRICE</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>10/27/05</td><td></td><td>JOURNAL</td><td>APPLE COMPUTER INC<br>JOURNAL FROM TYPE 2 TO 1</td><td>AAPL</td><td>20,000</td><td></td><td></td><td></td></tr><tr><td>10/27/05</td><td></td><td>JOURNAL</td><td>BEAR STEARNS COMPANIES INC<br>JOURNAL FROM TYPE 2 TO 1</td><td>BSC</td><td>250,000</td><td></td><td></td><td></td></tr><tr><td>10/27/05</td><td></td><td>DELIVERED</td><td>TOO INC<br>DEL TO 00005</td><td>TOO</td><td>-45,900</td><td></td><td></td><td></td></tr><tr><td>10/27/05</td><td></td><td>JOURNAL</td><td>APPLE COMPUTER INC<br>JOURNAL FROM TYPE 2 TO 1</td><td>AAPL</td><td>-20,000</td><td></td><td></td><td></td></tr><tr><td>10/27/05</td><td></td><td>JOURNAL</td><td>BEAR STEARNS COMPANIES INC<br>JOURNAL FROM TYPE 2 TO 1</td><td>BSC</td><td>-250,000</td><td></td><td></td><td></td></tr><tr><td>10/28/05</td><td>10/25/05</td><td>SOLD</td><td>IFIL(IST FIN ITAL)<br>EUR1 INVST CL<br>UNSOLICITED<br>UN - - -<br>REPORTED PRICE<br>4,056900 DIFFERENCE -0,060000</td><td>IFPSF</td><td>-100,000</td><td>3.99690</td><td></td><td>399,690.00</td></tr><tr><td>10/31/05</td><td></td><td>DELIVERED</td><td>BEAR STEARNS COMPANIES INC<br>DEL TO 05198</td><td>BSC</td><td>-120,000</td><td></td><td></td><td></td></tr><tr><td colspan="6">TOTAL</td><td>-989,905.00</td><td>$18,015,157.21</td></tr></tbody></table>

## MONEY FUND ACTIVITY

<table><thead><tr><th>DATE MO/DAY</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>PRICE</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>10/01/05</td><td></td><td>OPENINGBALANCE</td><td></td><td>155,790.01</td><td></td><td></td><td></td></tr><tr><td>10/03/05</td><td>BOUGHT</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES</td><td>DICXX</td><td>512,591</td><td>1.0000</td><td>512,591.00</td><td></td></tr></tbody></table>

027



11/01/05;08:34 001


EFTA00196848



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

8 of 10

FINANCIAL TRUST COMPANY INC

## Transaction Detail (continued)

## MONEY FUND ACTIVITY (continued)

<table><thead><tr><th>DATE MOIDAY</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>PRICE</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>10/03/05</td><td>DIVIDEND</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND</td><td>DICXX</td><td></td><td></td><td></td><td>1,155.77</td></tr><tr><td>10/03/05</td><td>REINVEST</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVEST</td><td>DICXX</td><td>1,155.77</td><td></td><td>1,155.77</td><td></td></tr><tr><td>10/06/05</td><td>SOLD</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES</td><td>DICXX</td><td>-669,536.78</td><td>1.0000</td><td></td><td>669,536.78</td></tr><tr><td>10/06/05</td><td>DIVIDEND</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES RESIDUAL DIVIDEND</td><td>DICXX</td><td></td><td></td><td></td><td>228.73</td></tr><tr><td>10/27/05</td><td>BOUGHT</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES</td><td>DICXX</td><td>11,573,149.05</td><td>1.0000</td><td>11,573,149.05</td><td></td></tr><tr><td>10/28/05</td><td>BOUGHT</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES</td><td>DICXX</td><td>507,658.26</td><td>1.0000</td><td>507,658.26</td><td></td></tr></tbody></table>

<table border="1"><tr><td>10/31/05</td><td>CLOSINGBALANCE</td><td colspan="2">12,080,807.31</td></tr><tr><td>TOTAL</td><td></td><td>-12,594,554.08</td><td>$670,921.28</td></tr></table>

## DIVIDENDS

<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>10/17/05</td><td>EQUITY OFFICE PROPERTIES TRUST SBI REC 09/30/05 PAY 10/17/05</td><td>EOP</td><td>110,000</td><td>0.5000</td><td></td><td>55,000.00</td></tr><tr><td>10/17/05</td><td>MACK-CALI REALTY CORP REC 10/05/05 PAY 10/17/05</td><td>CLI</td><td>88,100</td><td>0.6300</td><td></td><td>55,503.00</td></tr></tbody></table>

027



11/01/05;08:34 001


EFTA00196849



BEAR
STEARNS


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



CLEARED THROUGH ITS
CLEARLY WOUNDED SUBSIDIARY



Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859



9 of 10



FINANCIAL TRUST COMPANY INC

## **Transaction Detail** (continued)



DIVIDENDS (continued)



<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>10/28/05</td><td>BEAR STEARNS COMPANIES INC<br>REC 10/18/05 PAY 10/28/05</td><td>BSC</td><td>450,000</td><td>0.2500</td><td></td><td>112,500.00</td></tr><tr><td colspan="6">TOTAL</td><td>$223,003.00</td></tr></tbody></table>

STATEMENT PERIOD October 1, 2005

THROUGH October 31, 2005



ACCOUNT NUMBER



| LAST STATEMENT | September 30, 2005 |

| :--- | :--- |

TAXPAYER NUMBER On File



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="3">10/21/05</td><td>INT DB</td><td></td><td></td><td></td><td>36,467.43</td><td></td></tr><tr><td>09/21 - 10/20 @04.50128%</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>BAL AVG 9721862</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="6">TOTAL</td><td>-36,467.43</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>10/03/05</td><td>JOURNAL</td><td>FROM</td><td></td><td>151,250.00</td></tr><tr><td>10/03/05</td><td>JOURNAL</td><td>FROM</td><td></td><td>361,341.00</td></tr><tr><td>10/04/05</td><td>CASH-LIEU</td><td>VECTOR GROUP LTD<br>CASH IN LIEU OF ,50000<br>REC 09/20/05 PAY 09/29/05</td><td></td><td>9.76</td></tr><tr><td>10/06/05</td><td>JOURNAL</td><td>JOURNAL FROM TYPE 1 TO 2</td><td>669,546.54</td><td></td></tr><tr><td>10/06/05</td><td>JOURNAL</td><td>TO PER LOA</td><td>25,000,000.00</td><td></td></tr><tr><td>10/06/05</td><td>JOURNAL</td><td>JOURNAL FROM TYPE 1 TO 2</td><td></td><td>669,546.54</td></tr><tr><td>10/07/05</td><td>JOURNAL</td><td>JOURNAL FROM TYPE 1 TO 2</td><td>228.73</td><td></td></tr><tr><td>10/07/05</td><td>JOURNAL</td><td>JOURNAL FROM TYPE 1 TO 2</td><td></td><td>228.73</td></tr></tbody></table>

027



11/01/05;08:34 001


EFTA00196850



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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



10 of 10



## **Transaction Detail** (continued)

## MISCELLANEOUS (continued)

<table border="1"><tr><td>DATE MO/DAY</td><td>TRANSACTION</td><td>DESCRIPTION</td><td>DEBIT AMOUNT</td><td>CREDIT AMOUNT</td></tr><tr><td>10/17/05</td><td>JOURNAL</td><td>JOURNAL FROM TYPE 1 TO 2</td><td>110,503.00</td><td></td></tr><tr><td>10/17/05</td><td>JOURNAL</td><td>JOURNAL FROM TYPE 1 TO 2</td><td></td><td>110,503.00</td></tr><tr><td>10/17/05</td><td>JOURNAL</td><td>FINAL REDEMPTION</td><td></td><td>19,203,776.00</td></tr><tr><td>10/27/05</td><td>JOURNAL</td><td>JOURNAL FROM TYPE 2 TO 1</td><td></td><td>7,775,489.70</td></tr><tr><td>10/27/05</td><td>JOURNAL</td><td>JOURNAL FROM TYPE 2 TO 1</td><td>7,775,489.70</td><td></td></tr><tr><td>10/28/05</td><td>JOURNAL</td><td>JOURNAL FROM TYPE 2 TO 1</td><td></td><td>112,500.00</td></tr><tr><td>10/28/05</td><td>JOURNAL</td><td>JOURNAL FROM TYPE 2 TO 1</td><td>112,500.00</td><td></td></tr><tr><td colspan="3">TOTAL</td><td>-33,668,267.97</td><td>$28,384,644.73</td></tr></table>



CLEARED THROUGH ITS

CLEARLY WOUNDED SUBSIDIARY





Bear, Steams Securities Corp.

One Metrotech Center North Brooklyn, New York 11201-3859





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



FINANCIAL TRUST COMPANY INC

STATEMENT PERIOD October 1, 2005



ACCOUNT NUMBER



THROUGH October 31, 2005

TAXPAYER NUMBER On File

| LAST STATEMENT | September 30, 2005 |

| :--- | :--- |

027



11/01/05;08:34 001




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