EFTA00197206



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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

| | |

| :--- | :--- |

| ACCOUNT EXECUTIVE | GNMA GOVT BOND |

| VISIT OUR WEBSITE | www.bearstearns.com |





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



CLEARED THROUGH ITS

WHOLED OWNED SUBDIARY



## Premise or Third Party Repurchase Agreements with Bear, Stearnsand Co. Inc. outstanding as of date of statement

<table border="1"><tr><td>PURCHASE/START DATE</td><td>REPURCHASE/END DATE</td><td>PURCHASE PRICE/PRINCIPAL</td><td>PRICINGRATE</td><td>REPO/ACCRUEDINTEREST*</td><td>NET AMOUNT</td></tr><tr><td>08/30/02</td><td>OPEN</td><td>9,400,000</td><td>1.430</td><td>22,040</td><td>9,422,040.39</td></tr><tr><td>10/07/02</td><td>OPEN</td><td>1,000,000</td><td>1.430</td><td>832</td><td>1,000,832.50</td></tr><tr><td>10/18/02</td><td>OPEN</td><td>1,000,000</td><td>1.430</td><td>392</td><td>1,000,392.22</td></tr><tr><td colspan="4">TOTAL REPURCHASE TRANSACTIONS</td><td>$23,264</td><td>$11,423,265.11</td></tr></table>



Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859



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



*As of statement date*



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



FINANCIAL TRUST CO INC

| LAST STATEMENT | September 27, 2002 |

| :--- | :--- |

| STATEMENT PERIOD | September 28, 2002 |

| :--- | :--- |

| THROUGH | October 25, 2002 |

TAXPAYER NUMBER Not Available



Please report any difference or non-receipt of checks or stocks, indicated as delivered to you, to Client Services at 800-634-1428; or write to Client Services at Bear, Steams Securities Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3859.



ACCOUNT NUMBER



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 10/26/02;12:46 001

V637

EFTA00197207



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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