EFTA00197142



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

| ACCOUNT EXECUTIVE | GNMA GOVT BOND |

| :--- | :--- |

FINANCIAL TRUST CO INC

What’s In This Statement

STATEMENT PERIOD July 30, 2005





THROUGH August 31, 2005

| Trades Not Yet Settled | 1 |

| :--- | :--- |

ACCOUNT NUMBER



FINANCIAL TRUST CO INC

C/O JEFFREY EPSTEIN &

6100 RED HOOK QUARTER STE B3

ST THOMAS VI 00802



TAXPAYER NUMBER Not Available

| LAST STATEMENT | July 29, 2005 |

| :--- | :--- |

## 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>09/14/05</td><td>08/19/05</td><td>SOLD</td><td>FNMA-30YR(FNMA)GTD<br>SETT,09/05<br>DUE 09/01/2035 05.000%<br>REF #</td><td></td><td>-50,000,000.00</td><td>98.5507</td><td></td><td>49,275,390.63</td></tr><tr><td colspan="6">TOTAL</td><td></td><td>$0.00</td><td>$49,275,390.63</td></tr></tbody></table>

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





******* End of 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.

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EFTA00197143



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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