EFTA00196986



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



C/O AMERICAN YACHT HARBOR





FINANCIAL TRUST COMPANY INC

6100 RED HOOK SUTE B-3

FINANCIAL TRUST COMPANY INC

STATEMENT PERIOD June 1, 2006

QUAETERS #2

THROUGH June 30, 2006



ST THOMAS VI 00802-1348





ACCOUNT NUMBER



TAXPAYER NUMBER On File

| LAST STATEMENT | May 31, 2006 |

| :--- | :--- |



> Pursuant to your previously issued instructions, Bear Stearns Securities Corp. provides duplicate monthly statements and/or transaction confirmations to the third parties listed on the cover page of this statement. If you wish to modify or cease distribution to any of the recipients indicated, please contact your Account Executive. This reminder notice will continue to be provided to you on your quarterly statements.

<table border="1"><tr><td>Third Party</td></tr><tr><td>J EPSTEIN &amp; CO</td></tr><tr><td>457 MADISON AVE 4TH FLOOR</td></tr><tr><td>NEW YORK NY 10022</td></tr></table>

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