## Statements

EFTA00197133



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

Financial Summary 1

Transaction Detail ... 2







FINANCIAL TRUST CO INC

C/O JEFFREY EPSTEIN &

6100 RED HOOK QUARTER STE B3

ST THOMAS VI 00802





CLEARED THROUGH ITS
WHOLLY OWNED SUBSIDIARY


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>70,059,355.53</td></tr><tr><td>Dividends/Interest</td><td>178,502.21</td></tr><tr><td>Miscellaneous</td><td>8,398,617.18</td></tr><tr><td>Amount Credited</td><td>$78,636,474.92</td></tr><tr><td>Securities Bought</td><td>-57,674,007.79</td></tr><tr><td>Miscellaneous</td><td>-20,962,467.13</td></tr><tr><td>Amount Debited</td><td>$-78,636,474.92</td></tr><tr><td>Closing Balance</td><td>$0.00</td></tr></table>

Bear, Steams Securities Corp.

One Metrotech Center North Brooklyn, New York 11201-3859

Income Summary

| LAST STATEMENT | August 31, 2005 |

| :--- | :--- |

TAXPAYER NUMBER Not Available

THROUGH September 30, 2005



ACCOUNT NUMBER



STATEMENT PERIOD September 1, 2005

<table border="1"><tr><td></td><th>THIS PERIOD</th><th>YEAR TO DATE</th></tr><tr><td>Govt. Agency Int.</td><td>67,456.24</td><td>67,456.24</td></tr><tr><td>Corp. Bond Int.</td><td>111,045.97</td><td>111,045.97</td></tr><tr><td>Total</td><td>$178,502.21</td><td>$178,502.21</td></tr></table>

FINANCIAL TRUST CO INC

| 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 | 10/01/05;12:49 001 |

V896

EFTA00197134



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





2 of 9



FINANCIAL TRUST CO INC



Transaction Detail


STATEMENT PERIOD September 1, 2005

## INVESTMENT ACTIVITY

THROUGH September 30, 2005



ACCOUNT NUMBER



TAXPAYER NUMBER Not Available

| LAST STATEMENT | August 31, 2005 |

| :--- | :--- |

<table><thead><tr><th>SETTLEMENT DATE</th><th>TRADE DATE</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>SYMBOL/CUSP</th><th>QUANTITY</th><th>PRICE</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>09/14/05</td><td>08/19/05</td><td>CANCEL SELL</td><td>FNMA-30YR(FNMA)GTD SETT,09/05 DUE 09/01/2023.05.000% REF # AS OF 08/19/05 TO CXL PREVIOUS SELL</td><td></td><td>50,000,000</td><td>98.55078</td><td>49,275,390.63</td><td></td></tr><tr><td>09/14/05</td><td>08/19/05</td><td>SOLD</td><td>FNMA-30YR(FNMA)GTD SETT,09/05 DUE 09/01/2023.05.000% REF #</td><td></td><td>-50,000,000</td><td>98.55078</td><td>49,275,390.63</td><td></td></tr><tr><td>09/20/05</td><td>09/15/05</td><td>SOLD</td><td>FANNIE MAE CMO/SERIES 2003-13 S RCR-I/O FLTR DUE 03/25/2023.04.358% REF # AS OF 09/15/05 BS</td><td></td><td>-23,543,127</td><td>9.87500 ACCR. INT.</td><td>2,324,883.79 71,262.10</td><td></td></tr><tr><td>09/20/05</td><td>09/15/05</td><td>SOLD</td><td>FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW DUE 01/25/2023.03.358% REF # AS OF 09/15/05 BS</td><td></td><td>-11,861,918</td><td>6.96875 ACCR. INT.</td><td>826,627.47 27,667.10</td><td></td></tr><tr><td>09/20/05</td><td>09/15/05</td><td>SOLD</td><td>FANNIE MAE CMO/SERIES 2003-52 KS-I/O FLTR DUE 02/25/2017.03.458% REF # AS OF 09/15/05 BS</td><td></td><td>-16,565,865</td><td>6.96875 ACCR. INT.</td><td>1,154,433.75 39,789.14</td><td></td></tr><tr><td>09/20/05</td><td>09/15/05</td><td>SOLD</td><td>GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS DUE 02/22/2023.03.340% REF # AS OF 09/15/05 BS</td><td></td><td>-44,000,000</td><td>11.15625</td><td>4,908,750.00</td><td></td></tr><tr><td>09/20/05</td><td>09/15/05</td><td>SOLD</td><td>GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU DUE 02/22/2023.03.590% REF # AS OF 09/15/05 BS</td><td></td><td>-23,561,075</td><td>6.03125</td><td>1,421,027.35</td><td></td></tr></tbody></table>

027



10/01/05;12:49 001


EFTA00197135



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



3 of 9



FINANCIAL TRUST CO INC

## **Transaction Detail** (continued)

STATEMENT PERIOD September 1, 2005

THROUGH September 30, 2005

## INVESTMENT ACTIVITY (continued)



ACCOUNT NUMBER



TAXPAYER NUMBER Not Available

| LAST STATEMENT | August 31, 2005 |

| :--- | :--- |

<table><thead><tr><th>SETTLEMENT DATE</th><th>TRADE DATE</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>SYMBOL/CUSP</th><th>QUANTITY</th><th>PRICE</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>09/20/05</td><td>09/15/05</td><td>SOLD</td><td>GOVERNMENT NATIONAL MTG ASSN SERIES 2004-038 CLASS SP DUE 12/20/2029 03.590% REF # AS OF 09/15/05</td><td></td><td>-14,296,550</td><td>4.53125</td><td></td><td>647,812.46</td></tr><tr><td>09/20/05</td><td>09/15/05</td><td>SOLD</td><td>FREDDIE MAC CMO/SERIES 2886 SOC-I/O FLTR DUE 07/15/2019 03.531% REF # AS OF 09/15/05</td><td></td><td>-8,074,610</td><td>7.28125 ACCR. INT.</td><td></td><td>587,932.59 3,960.82</td></tr><tr><td>09/20/05</td><td>09/15/05</td><td>SOLD</td><td>ALTERNATIVE LOAN TRUST SERIES 2004-30CB CLASS 1-A-8 DUE 02/25/2035 01.458% REF # AS OF 09/15/05</td><td></td><td>-35,363,806</td><td>1.45313 ACCR. INT.</td><td></td><td>513,880.31 35,823.05</td></tr><tr><td>09/20/05</td><td></td><td>RECEIVED</td><td>FANNIE MAE CMO/SERIES 2003-13 S RCR-I/O FLTR 4,358 DUE 03/25/33 DUE 03/25/2033 4,358</td><td></td><td>23,543,127</td><td></td><td>2,396,145.89</td><td></td></tr><tr><td>09/20/05</td><td></td><td>RECEIVED</td><td>FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW 3,358 DUE 01/25/33 DUE 01/25/2033 3,358</td><td></td><td>11,861,918</td><td></td><td>854,294.57</td><td></td></tr><tr><td>09/20/05</td><td></td><td>RECEIVED</td><td>FANNIE MAE CMO/SERIES 2003-52 KS-I/O FLTR 3,458 DUE 07/25/17 DUE 07/25/2017 3,458 M05091526990000BS</td><td></td><td>16,565,865</td><td></td><td>1,194,222.89</td><td></td></tr><tr><td>09/20/05</td><td></td><td>RECEIVED</td><td>GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 3,340 DUE 02/20/2033 3,340</td><td></td><td>44,000,000</td><td></td><td>4,908,750.00</td><td></td></tr></tbody></table>

027



10/01/05;12:49 001


EFTA00197136



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 9

FINANCIAL TRUST CO INC

## **Transaction Detail** (continued)

STATEMENT PERIOD September 1, 2005

THROUGH September 30, 2005

## INVESTMENT ACTIVITY (continued)



ACCOUNT NUMBER



TAXPAYER NUMBER Not Available

| LAST STATEMENT | August 31, 2005 |

| :--- | :--- |

<table><thead><tr><th>SETTLEMENT DATE</th><th>TRADE DATE</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>SYMBOL/CUSP</th><th>QUANTITY</th><th>PRICE</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>09/20/05</td><td></td><td>RECEIVED</td><td>GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU 3,590 DUE 02/20/2022 DUE 02/20/2022</td><td></td><td>23,561,075</td><td></td><td>1,421,027.35</td><td></td></tr><tr><td>09/20/05</td><td></td><td>RECEIVED</td><td>GOVERNMENT NATIONAL MTG ASSN SERIES 2004-035 CLASS SP 3,590 DUE 12/20/2029 DUE 12/20/2029</td><td></td><td>14,296,550</td><td></td><td>647,812.46</td><td></td></tr><tr><td>09/20/05</td><td></td><td>RECEIVED</td><td>FREDDIE MAC CMO/SERIES 2886 SC/IO FLTR 3,531 DUE 07/15/19 DUE 07/15/2019</td><td></td><td>8,074,610</td><td></td><td>591,893.41</td><td></td></tr><tr><td>09/20/05</td><td></td><td>RECEIVED</td><td>ALTERNATIVE LOAN TRUST SERIES 2004-30CB CLASS 1-A-8 1,458 DUE 02/25/35 DUE 02/25/2005</td><td></td><td>35,363,806</td><td></td><td>549,703.36</td><td></td></tr><tr><td>09/21/05</td><td>09/15/05</td><td>CANCEL SELL</td><td>GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS DUE 02/20/2023 03.160% REF # # AS OF TO 09/15/05 SD 09/20/05 AS OF 09/15/05 TO COL PREVIOUS SELL</td><td></td><td>44,000,000</td><td>11.15625</td><td>4,908,750.00</td><td></td></tr><tr><td>09/21/05</td><td>09/15/05</td><td>SOLD</td><td>GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS DUE 02/20/2023 03.160% REF # # AS OF TO 09/15/05 SD 09/20/05 AS OF 09/15/05 INTR COMPUTED TO 09/20/05</td><td></td><td>-44,000,000</td><td>11.15625</td><td></td><td>4,908,750.00</td></tr></tbody></table>

027



10/01/05;12:49 001


EFTA00197137



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



5 of 9



FINANCIAL TRUST CO INC

## **Transaction Detail** (continued)

STATEMENT PERIOD September 1, 2005

THROUGH September 30, 2005

## INVESTMENT ACTIVITY (continued)



ACCOUNT NUMBER



TAXPAYER NUMBER Not Available

| LAST STATEMENT | August 31, 2005 |

| :--- | :--- |

<table><thead><tr><th>SETTLEMENT DATE</th><th>TRADE DATE</th><th>TRANSACTION</th><th>DESCRIPTION</th><th></th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>PRICE</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>09/21/05</td><td>09/15/05</td><td>CANCEL SELL</td><td>GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU DUE 02/20/2032 03.410% REF # AS OF ID 09/15/05 SD 09/20/05 AS OF 09/15/05 TO CXL PREVIOUS SELL</td><td></td><td>23,561,075</td><td>6.03125</td><td>1,421,027.35</td><td></td><td></td></tr><tr><td>09/21/05</td><td>09/15/05</td><td>SOLD</td><td>GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU DUE 02/20/2032 03.410% REF # AS OF ID 09/15/05 SD 09/20/05 AS OF 09/15/05 INTR COMPUTED TO 09/20/05</td><td></td><td>-23,561,075</td><td>6.03125</td><td></td><td>1,421,027.35</td><td></td></tr><tr><td>09/21/05</td><td>09/15/05</td><td>CANCEL SELL</td><td>GOVERNMENT NATIONAL MTG ASSN SERIES 2004-035 CLASS SP DUE 12/20/2029 03.410% REF # AS OF ID 09/15/05 SD 09/20/05 AS OF 09/15/05 TO CXL PREVIOUS SELL</td><td></td><td>14,296,550</td><td>4.53125</td><td>647,812.46</td><td></td><td></td></tr><tr><td>09/21/05</td><td>09/15/05</td><td>SOLD</td><td>GOVERNMENT NATIONAL MTG ASSN SERIES 2004-035 CLASS SP DUE 12/20/2029 03.410% REF # AS OF ID 09/15/05 SD 09/20/05 AS OF 09/15/05 INTR COMPUTED TO 09/20/05</td><td></td><td>-14,296,550</td><td>4.53125</td><td></td><td>647,812.46</td><td></td></tr><tr><td>09/27/05</td><td>09/15/05</td><td>CANCEL SELL</td><td>GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU DUE 02/20/2032 03.403% REF # AS OF ID 09/15/05 SD 09/20/05 AS OF 09/15/05 TO CXL PREVIOUS SELL</td><td></td><td>23,561,075</td><td>6.03125</td><td>1,421,027.35</td><td></td><td></td></tr></tbody></table>

027



10/01/05;12:49 001


EFTA00197138



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

6 of 9

FINANCIAL TRUST CO INC

## **Transaction Detail** (continued)

STATEMENT PERIOD September 1, 2005

## INVESTMENT ACTIVITY (continued)

THROUGH September 30, 2005



ACCOUNT NUMBER



| LAST STATEMENT | August 31, 2005 |

| :--- | :--- |

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>09/27/05</td><td>09/15/05</td><td>SOLD</td><td>GOVERNMENT NATIONAL MTG ASSN<br>SERIES 2004-30 CLASS SU<br>DUE 02/20/2032 03.403%<br>REF # BS<br>AS OF TD 09/15/05 SD 09/20/05<br>TO ADJ PREVIOUS MONTH&#39;S FACTOR<br>AS OF 09/15/05</td><td></td><td>-23,561,075</td><td>6.03125</td><td></td><td>1,421,027.33</td></tr></tbody></table>

<table border="1"><tr><td>TOTAL</td><td>-70,237,857.72</td><td>$70,237,857.74</td></tr></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>09/21/05</td><td>RECEIVED</td><td>GOVERNMENT NATIONAL MTG ASSN<br>SERIES 2004-5 CLASS PS<br>3,160 DUE 02/20/33<br>DUE 02/20/2033<br>COUPON RATE 3,1537</td><td>4,908,750.00</td><td></td></tr><tr><td>09/21/05</td><td>D/K</td><td>GOVERNMENT NATIONAL MTG ASSN<br>SERIES 2004-5 CLASS PS<br>3,160 DUE 02/20/33<br>COUPON RATE 3,3406</td><td></td><td>4,908,750.00</td></tr><tr><td>09/21/05</td><td>RECEIVED</td><td>GOVERNMENT NATIONAL MTG ASSN<br>SERIES 2004-30 CLASS SU<br>3,410 DUE 02/20/32<br>DUE 02/20/2032<br>COUPON RATE 3,4037</td><td>1,421,027.35</td><td></td></tr></tbody></table>

027



10/01/05;12:49 001


EFTA00197139



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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



7 of 9



## **Transaction Detail** (continued)

## MISCELLANEOUS (continued)

<table><thead><tr><th>DATE MODAY</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>09/21/05</td><td>D/K</td><td>GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU 3,410 DUE 02/20/32 COUPON RATE 3,5906</td><td></td><td>1,421,027.35</td></tr><tr><td>09/21/05</td><td>RECEIVED</td><td>GOVERNMENT NATIONAL MTG ASSN SERIES 2004-035 CLASS SP 3,403 DUE 12/20/29 DUE 12/20/2029 3,403 COUPON RATE 3,4037</td><td>647,812.46</td><td></td></tr><tr><td>09/21/05</td><td>D/K</td><td>GOVERNMENT NATIONAL MTG ASSN SERIES 2004-035 CLASS SP 3,403 DUE 12/20/29 COUPON RATE 3,5906</td><td></td><td>647,812.46</td></tr><tr><td>09/27/05</td><td>RECEIVED</td><td>GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU 3,403 DUE 02/20/32 DUE 02/20/2032 3,403 COUPON RATE 3,4037</td><td>1,421,027.37</td><td></td></tr><tr><td>09/27/05</td><td>D/K</td><td>GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU 3,403 DUE 02/20/32 COUPON RATE 3,4037</td><td></td><td>1,421,027.35</td></tr><tr><td>09/27/05</td><td>D/K</td><td>GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU 3,403 DUE 02/20/32 $-DIFF</td><td></td><td>0.02</td></tr></tbody></table>



CLEARED THROUGH ITS

CLEARLY WOUNDED SUBSIDIARY





Bear, Steams Securities Corp.

One Metrotech Center North Brooklyn, New York 11201-3859



FINANCIAL TRUST CO INC

STATEMENT PERIOD September 1, 2005

THROUGH September 30, 2005

ACCOUNT NUMBER

TAXPAYER NUMBER Not Available

LAST STATEMENT August 31, 2005

027



10/01/05;12:49 001


EFTA00197140



BEAR
STEARNS


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

8 of 9

## **Transaction Detail** (continued)

MISCELLANEOUS (continued)

<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>09/28/05</td><td>JOURNAL</td><td>BAL ACCT</td><td>0.02</td><td></td></tr><tr><td>TOTAL</td><td></td><td></td><td>-8,398,617.20</td><td>$8,398,617.18</td></tr></tbody></table>



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





CLEARED THROUGH ITS

CLEARLY WOUNDED SUBSIDIARY





Bear, Steams Securities Corp.

One Metrotech Center North Brooklyn, New York 11201-3859



FINANCIAL TRUST CO INC

STATEMENT PERIOD September 1, 2005

THROUGH September 30, 2005

ACCOUNT NUMBER

TAXPAYER NUMBER Not Available

LAST STATEMENT August 31, 2005

027



10/01/05;12:49 001


V896

EFTA00197141



CLEARED THROUGH ITS
WHOLLY OWNED SUBSIDIARY




9 of 9


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

FINANCIAL TRUST CO INC

STATEMENT BACKER IS PRINTED ON THIS PAGE

027