EFTA00197311

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

Your Portfolio Holdings ... 4

Transaction Detail ... 5



CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY



Fund Activity 5

Your Messages 6





# 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

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

HEALTH & SCIENCE INTERESTS II

TAXPAYER NUMBER On File

| LAST STATEMENT | September 28, 2001 |

| :--- | :--- |

Your Portfolio at a Glance

ACCOUNT NUMBER

STATEMENT PERIOD September 29, 2001

THROUGH October 26, 2001

<table border="1"><tr><td>TOTAL VALUE OF SECURITIES THIS PERIOD</td><td>8,211,000</td></tr><tr><td>NET CREDIT BALANCE</td><td>51,849</td></tr><tr><td>MONEY MARKET FUND BALANCE</td><td>10,289,447</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$18,552,296</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>17,091,727</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>1,460,568</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.

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




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

STATEMENT BACKER IS PRINTED ON THIS PAGE

HEALTH & SCIENCE INTERESTS II

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BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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

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Cash Flow Analysis

<table border="1"><tr><td></td><td>THIS PERIOD</td></tr><tr><td>OpeningBalance</td><td>$80,632.47</td></tr><tr><td>Money Fund</td><td>128,352.33</td></tr><tr><td>Dividends/Interest</td><td>121.31</td></tr><tr><td>Amount Credited</td><td>$128,473.64</td></tr><tr><td>Money Fund</td><td>-28,352.33</td></tr><tr><td>Funds Withdrawn</td><td>-128,905.00</td></tr><tr><td>Amount Debited</td><td>$-157,257.33</td></tr><tr><td>Net Cash Activity</td><td>-28,783.69</td></tr><tr><td>Closing Balance</td><td>$51,848.78</td></tr></table>

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>80,632.47</td><td>51,848.78</td></tr><tr><td>Net Cash Balance</td><td>$80,632.47</td><td>$51,848.78</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>28,352.33</td><td>286,611.48</td></tr><tr><td>Credit Balance Int.</td><td>121.31</td><td>11,982.36</td></tr><tr><td>Total</td><td>$28,473.64</td><td>$298,593.84</td></tr></table>

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>10,341,296</td></tr><tr><td>Equities</td><td>8,211,000</td></tr><tr><td>Total</td><td>$18,552,296</td></tr></table>

027

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

HEALTH & SCIENCE INTERESTS II

<table><thead><tr><th>STATEMENT PERIOD</th><td>September 29, 2001</td></tr></thead><tbody><tr><td>THROUGH</td><td>October 26, 2001</td></tr><tr><td>ACCOUNT NUMBER</td><td></td></tr><tr><td>TAXPAYER NUMBER</td><td>On File</td></tr><tr><td>LAST STATEMENT</td><td>September 28, 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

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## 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>51,849</td><td></td><td></td></tr><tr><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 2,7900%</td><td>DICCX</td><td>10,289,447.07</td><td>1.0000</td><td>10,289,447</td><td>339,552</td><td>3.3000</td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$10,341,296</td><td>$339,552</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>11.7300</td><td>8,211,000</td><td>210,000</td><td>2.5575</td></tr><tr><td>Total Equities&amp;Options</td><td></td><td></td><td></td><td></td><td>$8,211,000</td><td>$210,000</td><td></td></tr><tr><td>TOTAL EQUITIES</td><td></td><td></td><td></td><td></td><td>$8,211,000</td><td>$210,000</td><td></td></tr></table>

<table border="1"><tr><td>YOUR TOTAL ESTIMATED ANNUAL INCOME</td><td>$549,552</td></tr><tr><td>YOUR PRICED PORTFOLIOHOLDINGS</td><td>$18,552,295</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 September 29, 2001

THROUGH October 26, 2001

AGCOUNT NUMBER

TAXPAYER NUMBER On File

| LAST STATEMENT | September 28, 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



**5 of 6**



Bear, Steams Securities Corp.

One Meterotech Center North Brooklyn, New York 11201-3859



<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>10/01/01</td><td>FND WIRED</td><td>MDA# J.P. MORGAN BANK FD#08889</td><td>116,596.00</td><td></td></tr><tr><td>10/25/01</td><td>CHECK</td><td>CK GEORGE V. DELSON</td><td>8,209.00</td><td></td></tr><tr><td>10/26/01</td><td>CHECK</td><td>CK LAWRENCE NEWMAN</td><td>4,100.00</td><td></td></tr><tr><td colspan="3">TOTAL</td><td>-128,905.00</td><td></td></tr></tbody></table>



Transaction Detail


## DEPOSITS AND WITHDRAWALS

HEALTH & SCIENCE INTERESTS II

STATEMENT PERIOD September 29, 2001

THROUGH October 26, 2001



ACCOUNT NUMBER



TAXPAYER NUMBER On File

| LAST STATEMENT | September 28, 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>09/29/01</td><td></td><td>OPENINGBALANCE</td><td></td><td>10,361,094.74</td><td></td><td></td><td></td></tr><tr><td>10/01/01</td><td>SOLD</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES</td><td>DICCX</td><td>-100,000</td><td>1.0000</td><td></td><td>100,000.00</td></tr><tr><td>10/01/01</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>28,352.33</td></tr><tr><td>10/01/01</td><td>REINVEST</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVESTED</td><td>DICCX</td><td>28,352.33</td><td></td><td>28,352.33</td><td></td></tr><tr><td>10/26/01</td><td></td><td>CLOSINGBALANCE</td><td></td><td>10,289,447.07</td><td></td><td></td><td></td></tr><tr><td colspan="5">TOTAL</td><td></td><td>-$28,352.33</td><td>$128,352.33</td></tr></tbody></table>

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EFTA00197316



BEAR
STEARNS




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




CLEARED THROUGH ITS
CLEARLY WOUNDED SUBSIDIARY



6 of 6

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

HEALTH & SCIENCE INTERESTS II

## **Transaction Detail** (continued)



INTEREST


STATEMENT PERIOD September 29, 2001

THROUGH October 26, 2001

<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>10/22/01</td><td>INTEREST ON CREDIT BALANCE<br>AT 1 1/2% 09/21 THRU 09/23</td><td></td><td></td><td>1.5000</td><td></td><td>10.08</td></tr><tr><td>10/22/01</td><td>INTEREST ON CREDIT BALANCE<br>AT 2 1/2% 09/24 THRU 10/01</td><td></td><td></td><td>2.5000</td><td></td><td>43.64</td></tr><tr><td>10/22/01</td><td>INTEREST ON CREDIT BALANCE<br>AT 2,000% 10/02 THRU 10/20</td><td></td><td></td><td>2.0000</td><td></td><td>67.59</td></tr><tr><td colspan="6">TOTAL</td><td>$121.31</td></tr></tbody></table>

ACCOUNT NUMBER

TAXPAYER NUMBER On File

| LAST STATEMENT | September 28, 2001 |

| :--- | :--- |

## Your messages



We are pleased to announce that we have moved our world headquarters, previously located at 245 Park Avenue, to:



383 Madison Avenue

New York, New York 10179



While our telephone numbers and e-mail addresses remain the same, some fax numbers have changed. Please check with your Account Executive.



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


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