## Statements

EFTA00197097



BEAR
STEARNS


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

| ACCOUNT EXECUTIVE | GNMA GOVT BOND |

| :--- | :--- |

## What’s In This Statement

<table><tr><td>Financial Summary</td><td>1</td></tr><tr><td>Transaction Detail</td><td>2</td></tr></table>





# FINANCIAL TRUST CO INC

C/O JEFFREY EPSTEIN &

6100 RED HOOK QUARTER STE B3

ST THOMAS VI 00802

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>10,183,593.75</td></tr><tr><td>Amount Credited</td><td>$10,183,593.75</td></tr><tr><td>Securities Bought</td><td>-10,183,593.75</td></tr><tr><td>Amount Debited</td><td>$-10,183,593.75</td></tr><tr><td>ClosingBalance</td><td>$0.00</td></tr></table>

Income Summary



CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY





Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859



<table><thead><tr><th></th><th>THIS PERIOD</th><th>YEAR TO DATE</th></tr></thead><tbody><tr><td>Bond Purchase Int.</td><td>0.00</td><td>-104,957.59</td></tr></tbody></table>

FINANCIAL TRUST CO INC

| LAST STATEMENT | September 30, 2004 |

| :--- | :--- |

STATEMENT PERIOD October 1, 2004



ACCOUNT NUMBER



THROUGH October 29, 2004

TAXPAYER NUMBER Not Available

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.

027 10/30/04:12:19 001

V864

EFTA00197098



BEAR
STEARNS


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



CLEARED THROUGH ITS
CLEARLY WOUNDED SUBSIDIARY





2 of 3



Bear, Steams Securities Corp.

One Metratech Center North

Brooklyn, New York 11201-3859

FINANCIAL TRUST CO INC



Transaction Detail


STATEMENT PERIOD October 1, 2004

## INVESTMENT ACTIVITY

THROUGH October 29, 2004



ACCOUNT NUMBER



| LAST STATEMENT | September 30, 2004 |

| :--- | :--- |

TAXPAYER NUMBER Not Available

<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>10/14/04</td><td>09/22/04</td><td>BOUGHT</td><td>FNMA-30YR(FNMA)GTD<br>SETT,10/04<br>DUE 10/01/2034 05.500%<br>REF #<br>AS OF 09/22/04</td><td>5A80009</td><td>10,000,000</td><td>101.83594</td><td>10,183,593.75</td><td></td></tr><tr><td>10/14/04</td><td>09/22/04</td><td>CANCEL BUY</td><td>FNMA-30YR(FNMA)GTD<br>SETT,10/04<br>DUE 10/01/2034 05.500%<br>REF #<br>AS OF 09/22/04<br>TO CXL PREVIOUS BUY</td><td>5A80009</td><td>-10,000,000</td><td>101.83594</td><td></td><td>10,183,593.75</td></tr><tr><td colspan="9">TOTAL</td></tr></tbody></table>





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


027



10/30/04;12:19 001


V864

EFTA00197099



CLEARED THROUGH ITS
WHOLLY OWNED SUBSIDIARY




3 of 3


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

FINANCIAL TRUST CO INC

STATEMENT BACKER IS PRINTED ON THIS PAGE

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