EFTA00197306

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

| | |

| :--- | :--- |

| 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><tr><td>Fund Activity</td><td>5</td></tr></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY







# HEALTH & SCIENCE INTERESTS II

TRUST JEFFREY E EPSTEIN

DTD 8/18/93

6100 RED HOOK QUARTER STE B-3

ST THOMAS VI 00802

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

HEALTH & SCIENCE INTERESTS II

THROUGH November 30, 2001

ACCOUNT NUMBER

STATEMENT PERIOD October 27, 2001

| LAST STATEMENT | October 26, 2001 |

| :--- | :--- |

## Your Portfolio at a Glance

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

TAXPAYER NUMBER On File

<table border="1"><tr><td>TOTAL VALUE OF SECURITIES THIS PERIOD</td><td>9,744,000</td></tr><tr><td>NET CREDIT BALANCE</td><td>56,334</td></tr><tr><td>MONEY MARKET FUND BALANCE</td><td>10,313,586</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$20,113,920</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>18,552,296</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>1,561,624</td></tr></table>

Market Value of Your Portfolio

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.

| SPC | 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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CLEARED THROUGH ITS
WHOLLY OWNED SUBSIDIARY


2 of 5

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

HEALTH & SCIENCE INTERESTS II

STATEMENT BACKER IS PRINTED ON THIS PAGE

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EFTA00197308



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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

3 of 5

Cash Flow Analysis

<table border="1"><tr><td></td><td>THIS PERIOD</td></tr><tr><td>OpeningBalance</td><td>$51,848.78</td></tr><tr><td>Money Fund</td><td>24,139.33</td></tr><tr><td>Funds Deposited</td><td>4,403.00</td></tr><tr><td>Dividends/Interest</td><td>81.81</td></tr><tr><td>Amount Credited</td><td>$28,624.14</td></tr><tr><td>Money Fund</td><td>-24,139.33</td></tr><tr><td>Amount Debited</td><td>$-24,139.33</td></tr><tr><td>Net Cash Activity</td><td>4,484.81</td></tr><tr><td>Closing Balance</td><td>$56,333.59</td></tr></table>

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>51,848.78</td><td>56,333.59</td></tr><tr><td>Net Cash Balance</td><td>$51,848.78</td><td>$56,333.59</td></tr></table>

Income Summary

<table border="1"><tr><td></td><th>THIS PERIOD</th><th>YEAR TO DATE</th></tr><tr><td>Dividends</td><td>24,139.33</td><td>310,750.81</td></tr><tr><td>Credit Balance Int.</td><td>81.81</td><td>12,064.17</td></tr><tr><td>Total</td><td>$24,221.14</td><td>$322,814.98</td></tr></table>

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>10,369,920</td></tr><tr><td>Equities</td><td>9,744,000</td></tr><tr><td>Total</td><td>$20,113,920</td></tr></table>

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY

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

## HEALTH & SCIENCE INTERESTS II

| STATEMENT PERIOD | October 27, 2001 |
| :--- | :--- |
| THROUGH | November 30, 2001 |

<table><thead><tr><th>ACCOUNT NUMBER</th><td></td></tr></thead><tbody><tr><td>TAXPAYER NUMBER</td><td>On File</td></tr><tr><td>LAST STATEMENT</td><td>October 26, 2001</td></tr></tbody></table>

Your Portfolio Allocation

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



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BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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

4 of 5

## 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>CURRENТ YIELD (%)</th></tr></thead><tbody><tr><td>CASH BALANCE</td><td></td><td></td><td></td><td>56,334</td><td></td><td></td></tr><tr><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 2,3800%</td><td>DICCX</td><td>10,313,586.40</td><td>1.0000</td><td>10,313,586</td><td>288,780</td><td>2.8000</td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$10,369,920</td><td>$288,780</td><td></td></tr></tbody></table>

## EQUITIES

## Equities & Options

<table border="1"><tr><td>DESCRIPTION</td><td>SYMBOL/CUSIP</td><td>ACCT TYPE</td><td>QUANTITY</td><td>PRICE</td><td>MARKET VALUE</td><td>ESTIMATED ANNUAL INCOME</td><td>CURRENT YIELD(%)</td></tr><tr><td>LIMITED INC</td><td>LTD</td><td>CASH</td><td>700,000</td><td>13.9200</td><td>9,744,000</td><td>210,000</td><td>2.1552</td></tr><tr><td>Total Equities&amp;Options</td><td></td><td></td><td></td><td></td><td>$9,744,000</td><td>$210,000</td><td></td></tr><tr><td>TOTAL EQUITIES</td><td></td><td></td><td></td><td></td><td>$9,744,000</td><td>$210,000</td><td></td></tr></table>

<table border="1"><tr><td>YOUR TOTAL ESTIMATED ANNUAL INCOME</td><td>$498,780</td></tr><tr><td>YOUR PRICED PORTFOLIOHOLDINGS</td><td>$20,113,919</td></tr></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY



Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

HEALTH & SCIENCE INTERESTS II

STATEMENT PERIOD October 27,2001

THROUGH November 30, 2001

AGCOUNT NUMBER

TAXPAYER NUMBER On File

| LAST STATEMENT | October 26, 2001 |

| :--- | :--- |

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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 5**

HEALTH & SCIENCE INTERESTS II



Transaction Detail


STATEMENT PERIOD October 27,2001

## DEPOSITS AND WITHDRAWALS

THROUGH November 30, 2001



ACCOUNT NUMBER



<table><thead><tr><th>DATE</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>11/19/01</td><td>DEPOSIT</td><td>HEALTH &amp; SCIENCE INTS 11<br>OO BS MORGAN</td><td></td><td>4,403.00</td></tr><tr><td colspan="4">TOTAL</td><td>$4,403.00</td></tr></tbody></table>

TAXPAYER NUMBER On File

| LAST STATEMENT | October 26, 2001 |

| :--- | :--- |

## MONEY FUND ACTIVITY

<table><thead><tr><th>DATE MO/DAY</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>10/27/01</td><td></td><td>OPENINGBALANCE</td><td></td><td>10,289,447.07</td><td></td><td></td><td></td></tr><tr><td>11/01/01</td><td>DIVIDEND</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND</td><td>DICCX</td><td></td><td></td><td></td><td>24,139.33</td></tr><tr><td>11/01/01</td><td>REINVEST</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVESTED</td><td>DICCX</td><td>24,139.33</td><td></td><td>24,139.33</td><td></td></tr><tr><td>11/30/01</td><td></td><td>CLOSINGBALANCE</td><td></td><td>10,313,586.40</td><td></td><td></td><td></td></tr><tr><td colspan="5">TOTAL</td><td></td><td>-24,139.33</td><td>$24,139.33</td></tr></tbody></table>



INTEREST


<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>11/21/01</td><td>INTEREST ON CREDIT BALANCE AT 1 1/2% 11/06 THRU 11/20</td><td></td><td></td><td>1.5000</td><td></td><td>32.77</td></tr><tr><td>11/21/01</td><td>INTEREST ON CREDIT BALANCE AT 2,000% 10/21 THRU 11/05</td><td></td><td></td><td>2.0000</td><td></td><td>49.04</td></tr><tr><td colspan="6">TOTAL</td><td>$81.81</td></tr></tbody></table>

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