EFTA00197114



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



CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY







<table border="1"><tr><td>Financial Summary</td><td>1</td></tr><tr><td>Trades Not Yet Settled</td><td>1</td></tr></table>

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

<table border="1"><tr><td>FINANCIAL TRUST CO INC</td></tr><tr><td>C/O JEFFREY EPSTEIN &amp;</td></tr><tr><td>6100 RED HOOK QUARTER STE B3</td></tr><tr><td>ST THOMAS VI 00802</td></tr></table>

FINANCIAL TRUST CO INC

Income Summary

| STATEMENT PERIOD | October 26, 2002 |

| :--- | :--- |

| THROUGH | November 29, 2002 |

<table><thead><tr><th></th><th>THIS PERIOD</th><th>YEAR TO DATE</th></tr></thead><tbody><tr><td>Govt. Agency Int.</td><td>0.00</td><td>8,281.71</td></tr><tr><td>Total</td><td>$0.00</td><td>$8,281.71</td></tr><tr><td>Bond Purchase Int.</td><td>0.00</td><td>-169,671.73</td></tr></tbody></table>

ACCOUNT NUMBER

TAXPAYER NUMBER Not Available

| LAST STATEMENT | October 25, 2002 |

| :--- | :--- |

## Trades Executed Pending Settlement

<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>12/12/02</td><td>11/14/02</td><td>SOLD</td><td>FNMA-30YR(FNMA) GTD<br>SETT,12/02<br>DUE 12/01/2031 06,000%<br>REF #</td><td></td><td>-25,000,000.00</td><td>102.7968</td><td></td><td>25,699,218.75</td></tr><tr><td colspan="8">BS WEB</td><td>$0.00</td><td>$25,699,218.75</td></tr><tr><td colspan="9">TOTAL</td></tr></tbody></table>

The above trades do not appear in any other section of this statement.

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 11/30/02:15:00 001

EFTA00197115



CLEARED THROUGH ITS
WHOLLY OWNED SUBSIDIARY




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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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