EFTA00197252

OFFICE SERVICING YOUR ACCOUNT
Bear,Stearns International LTD
Regulated by the Security &
Futures Authority
1 Canada Square
London E14 5AD England
0207 516 6614

| | |

| :--- | :--- |

| ACCOUNT EXECUTIVE | ZICHERMAN, IRA |

| TELEPHONE | |

| VISIT OUR WEBSITE | www.bearstearns.com |

## What’s In This Statement

Financial Summary 3

Your Portfolio Holdings ... 4

Transaction Detail 4





<table border="1"><tr><td>FINANCIAL TRUST COMPANY</td></tr><tr><td>C/O AMERICAN YACHT HARBOR</td></tr><tr><td>6100 RED HOOK QUARTER</td></tr><tr><td>SUITE B-3</td></tr><tr><td>ST THOMAS VI 00802</td></tr></table>

## FINANCIAL TRUST COMPANY

TAXPAYER NUMBER Not Available



ACCOUNT NUMBER



| LAST STATEMENT | September 28, 2001 |

| :--- | :--- |

## Your Portfolio at a Glance

THROUGH October 26, 2001

STATEMENT PERIOD September 29, 2001

There are no "Stop Loss" orders or other pending buy or sell open orders on file for your account.

<table border="1"><tr><td>NET CREDIT BALANCE</td><td>10,503,156</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$10,503,156</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>10,531,649</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>-28,494</td></tr></table>

Market Value of Your Portfolio

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.

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EFTA00197253

FINANCIAL TRUST COMPANY

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STATEMENT BACKER IS PRINTED ON THIS PAGE

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EFTA00197254



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT
Bear,Stearns International LTD
Regulated by the Security &
Futures Authority
1 Canada Square
London E14 5AD England
0207 516 6614



3 of 4


## Cash Flow Analysis

<table border="1"><tr><td></td><td>THIS PERIOD</td></tr><tr><td>OpeningBalance</td><td>$10,531,649.32</td></tr><tr><td>Dividends/Interest</td><td>24,382.33</td></tr><tr><td>Amount Credited</td><td>$24,382.33</td></tr><tr><td>Dividends/Interest Charged</td><td>-52,876.11</td></tr><tr><td>Amount Debited</td><td>$-52,876.11</td></tr><tr><td>Net Cash Activity</td><td>-28,493.78</td></tr><tr><td>ClosingBalance</td><td>$10,503,155.54</td></tr></table>

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>10,239,454.80</td><td>10,210,961.02</td></tr><tr><td>Margin</td><td>292,194.52</td><td>292,194.52</td></tr><tr><td>Net Cash Balance</td><td>$10,531,649.32</td><td>$10,503,155.54</td></tr></table>

Income Summary

<table><thead><tr><th></th><th>THIS PERIOD</th><th>YEAR TO DATE</th></tr></thead><tbody><tr><td>Dividends</td><td>0.00</td><td>232,000.00</td></tr><tr><td>Credit Balance Int.</td><td>24,382.33</td><td>55,352.76</td></tr><tr><td>Total</td><td>$24,382.33</td><td>$287,352.76</td></tr></tbody></table>

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>10,503,156</td></tr><tr><td>Total</td><td>$10,503,156</td></tr></table>

## FINANCIAL TRUST COMPANY

| STATEMENT PERIOD | September 29, 2001 |
| :--- | :--- |
| THROUGH | October 26, 2001 |



ACCOUNT NUMBER



TAXPAYER NUMBER Not Available

| LAST STATEMENT | September 28, 2001 |

| :--- | :--- |

Unshaded portions denote debit balance and/or short market values. The allocation percentage is derived from the absolute market value of your portfolio.

EFTA00197255



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT
Bear,Stearns International LTD
Regulated by the Security &
Futures Authority
1 Canada Square
London E14 5AD England
0207 516 6614

4 of 4

## Your Portfolio Holdings

CASH & CASH EQUIVALENTS

<table><thead><tr><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>PRICE</th><th>MARKET VALUE</th><th>ESTIMATED ANNUAL INCOME</th><th>CURRENT YIELD (%)</th></tr></thead><tbody><tr><td>CASH BALANCE</td><td></td><td></td><td></td><td>10,503,156</td><td></td><td></td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$10,503,156</td><td></td><td></td></tr></tbody></table>

FINANCIAL TRUST COMPANY

<table border="1"><tr><td>YOUR PRICED PORTFOLIOHOLDINGS</td><td>$10,503,155</td></tr></table>

STATEMENT PERIOD September 29, 2001



INTEREST




Transaction Detail


TAXPAYER NUMBER Not Available



ACCOUNT NUMBER



<table><thead><tr><th>DATE</th><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>RATE (%)</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>10/09/01</td><td>BSIL VS FINANCIAL TRUST CO.,I<br>NY13763 EQUITY SWAP<br>QUE 012402<br>SUN MICROSYSTEMS INC<br>RECEIVE ON CASH FLOW C</td><td></td><td></td><td></td><td>52,876.11</td><td></td></tr><tr><td>10/22/01</td><td>INTEREST ON CREDIT BALANCE<br>FIN TRUST ,CASH COLLAT IN<br>2001-09-20 TO 2001-10-21</td><td></td><td></td><td></td><td></td><td>24,382.33</td></tr><tr><td colspan="5">TOTAL</td><td>-52,876.11</td><td>$24,382.33</td></tr></tbody></table>

THROUGH October 26, 2001

| LAST STATEMENT | September 28, 2001 |

| :--- | :--- |





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



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