EFTA00197358

OFFICE SERVICING YOUR ACCOUNT
Bear, Stearns & Co. Inc.
245 Park Avenue
New York, New York 10167



ACCOUNT EXECUTIVE

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>3</td></tr><tr><td>Transaction Detail</td><td>4</td></tr><tr><td>Your Messages</td><td>5</td></tr></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY







<table><tr><td>HEALTH &amp; SCIENCE INTERESTS II</td></tr><tr><td>TRUST JEFFREY E EPSTEIN</td></tr><tr><td>DTD 8/18/93</td></tr><tr><td>6100 RED HOOK QUARTER STE B-3</td></tr><tr><td>ST THOMAS VI 00802</td></tr></table>

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

Your Portfolio at a Glance

| STATEMENT PERIOD | January 27, 2001 |

| :--- | :--- |

| THROUGH | February 23, 2001 |

<table border="1"><tr><td>TOTAL VALUE OF SECURITIES THIS PERIOD</td><td>17,252,408</td></tr><tr><td>NET CREDIT BALANCE</td><td>64,805</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$17,317,213</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>18,921,189</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>-1,603,975</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.



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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EFTA00197359



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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EFTA00197360



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT
Bear, Stearns & Co. Inc.
245 Park Avenue
New York, New York 10167

3 of 5

## Cash Flow Analysis

<table border="1"><tr><td></td><td>THIS PERIOD</td></tr><tr><td>OpeningBalance</td><td>$62,758.64</td></tr><tr><td>Dividends/Interest</td><td>2,046.54</td></tr><tr><td>Amount Credited</td><td>$2,046.54</td></tr><tr><td>Net Cash Activity</td><td>2,046.54</td></tr><tr><td>ClosingBalance</td><td>$64,805.18</td></tr></table>

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>62,758.64</td><td>64,805.18</td></tr><tr><td>Net Cash Balance</td><td>$62,758.64</td><td>$64,805.18</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>494.01</td><td>22,988.17</td></tr><tr><td>Credit Balance Int.</td><td>1,552.53</td><td>2,457.77</td></tr><tr><td>Total</td><td>$2,046.54</td><td>$25,445.94</td></tr></table>

CASH & CASH EQUIVALENTS

Portfolio Composition

## Your Portfolio Holdings

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>64,805</td></tr><tr><td>Equities</td><td>17,252,408</td></tr><tr><td>Total</td><td>$17,317,213</td></tr></table>

<table border="1"><tr><td>DESCRIPTION</td><td>SYMBOL/CUSIP</td><td>QUANTITY</td><td>PRICE</td><td>MARKET VALUE</td><td>ESTIMATED ANNUAL INCOME</td></tr><tr><td>CASH BALANCE</td><td></td><td></td><td></td><td>64,805</td><td></td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$64,805</td><td></td></tr></table>



CLEARED THROUGH ITS
WHOLLY OWNED SUBSDIARY


Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

HEALTH & SCIENCE INTERESTS II

027

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.



02/24/01;20:42 001


EFTA00197361



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT
Bear, Stearns & Co. Inc.
245 Park Avenue
New York, New York 10167

4 of 5

## Your Portfolio Holdings (continued)

EQUITIES

Equities & Options

<table><thead><tr><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>ACCT TYPE</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>LIMITED INC</td><td>LTD</td><td>CASH</td><td>700,000</td><td>17.7900</td><td>12,453,000</td><td>210,000</td><td>1.6863</td></tr><tr><td>MEDTRONIC INC</td><td>MDT</td><td>CASH</td><td>63,320</td><td>48.9500</td><td>3,099,514</td><td>12,664</td><td>0.4086</td></tr><tr><td>PNC FINANCIAL SVCS GROUP INC</td><td>PNC</td><td>CASH</td><td>10,267</td><td>68.7500</td><td>705,856</td><td>19,713</td><td>2.7928</td></tr><tr><td>TYCO INTERNATIONAL LTD</td><td>TYC</td><td>CASH</td><td>521</td><td>53.7800</td><td>28,019</td><td>26</td><td>0.0928</td></tr><tr><td>TOO INC</td><td>TOO</td><td>CASH</td><td>50,001</td><td>19.3200</td><td>966,019</td><td></td><td></td></tr><tr><td>Total Equities&amp; Options</td><td></td><td></td><td></td><td></td><td>$17,252,408</td><td>$242,403</td><td></td></tr><tr><td>TOTAL EQUITIES</td><td></td><td></td><td></td><td></td><td>$17,252,408</td><td>$242,403</td><td></td></tr></tbody></table>

<table border="1"><tr><td>YOUR TOTAL ESTIMATED ANNUAL INCOME</td><td>$242,403</td></tr><tr><td>YOUR PRICED PORTFOLIOHOLDINGS</td><td>$17,317,213</td></tr></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSDIARY





Transaction Detail


## DIVIDENDS

<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>02/02/01</td><td>TYCO INTERNATIONAL LTD<br>REC 01/02/01 PAY 02/02/01</td><td>TYC</td><td>39,521</td><td>0.0125</td><td></td><td>494.01</td></tr><tr><td colspan="7">TOTAL</td><td>$494.01</td></tr></tbody></table>

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

HEALTH & SCIENCE INTERESTS II

027

EFTA00197362



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT
Bear, Stearns & Co. Inc.
245 Park Avenue
New York, New York 10167



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** (continued)



INTEREST


STATEMENT PERIOD January 27, 2001

THROUGH February 23, 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>02/21/01</td><td>INTEREST ON CREDIT BALANCE AT 5,000% 01/31 THRU 02/20</td><td></td><td></td><td>5.0000</td><td></td><td>184.35</td></tr><tr><td>02/21/01</td><td>INTEREST ON CREDIT BALANCE AT 5 1/2% 01/21 THRU 01/30</td><td></td><td></td><td>5.5000</td><td></td><td>1,368.18</td></tr><tr><td colspan="6">TOTAL</td><td>$1,552.53</td></tr></tbody></table>

## Your messages



The interest, if any, charged to your account during December 2000 was computed on the net debit balance through December 28. The interest, if any, charged to your account during January 2001 is computed from December 29, 2000.





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



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