EFTA00197267

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

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| ACCOUNT EXECUTIVE | ZICHERMAN, IRA |

| TELEPHONE | |

| VISIT OUR WEBSITE | www.bearstearns.com |

## What’s In This Statement

<table border="1"><tr><td>Financial Summary</td><td>3</td></tr><tr><td>Your Portfolio Holdings</td><td>4</td></tr><tr><td>Transaction Detail</td><td>5</td></tr></table>





<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

STATEMENT PERIOD June 30, 2001

TAXPAYER NUMBER Not Available



ACCOUNT NUMBER



THROUGH July 27, 2001

| LAST STATEMENT | June 29, 2001 |

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Your Portfolio at a Glance

<table border="1"><tr><td>TOTAL VALUE OF SECURITIES THIS PERIOD</td><td>15,712,000</td></tr><tr><td>NET CREDIT BALANCE</td><td>1,080,667</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$16,792,667</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>17,502,877</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>-710,211</td></tr></table>

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

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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