EFTA00197374

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><tr><td>Financial Summary</td><td>3</td></tr><tr><td>Transaction Detail</td><td>4</td></tr><tr><td>Fund Activity</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 TTEE</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



HEALTH & SCIENCE INTERESTS II

ACCOUNT NUMBER

TAXPAYER NUMBER On File

| LAST STATEMENT | October 25, 2002 |

| :--- | :--- |

| STATEMENT PERIOD | October 26, 2002 |

| :--- | :--- |

| THROUGH | November 29, 2002 |

## Your Portfolio at a Glance

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 EQUITY THIS PERIOD</td><td>0</td></tr><tr><td></td><td></td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>273,405,326</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>-273,405,326</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

HEALTH & SCIENCE INTERESTS II

STATEMENT BACKER IS PRINTED ON THIS PAGE

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BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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

3 of 7

Cash Flow Analysis

<table border="1"><tr><td></td><td>THIS PERIOD</td></tr><tr><td>OpeningBalance</td><td>$215,469.36</td></tr><tr><td>Securities Sold</td><td>45,381,612.04</td></tr><tr><td>Money Fund</td><td>264,846,391.43</td></tr><tr><td>Funds Deposited</td><td>54,633,031.70</td></tr><tr><td>Dividends/Interest</td><td>2,287.12</td></tr><tr><td>Amount Credited</td><td>$364,863,322.29</td></tr><tr><td>Money Fund</td><td>-45,619,484.03</td></tr><tr><td>Miscellaneous</td><td>-319,459,307.62</td></tr><tr><td>Amount Debited</td><td>$-365,078,791.65</td></tr><tr><td>Net Cash Activity</td><td>-215,469.36</td></tr><tr><td>Closing Balance</td><td>$0.00</td></tr></table>

Same day transfers of cash between account types are not included in this section; such transfers, as well as details for all other transactions this period, appear in Transaction Detail.

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>180,011.46</td><td>0.00</td></tr><tr><td>Margin</td><td>34,404.10</td><td>0.00</td></tr><tr><td>Short</td><td>1,053.80</td><td>0.00</td></tr><tr><td>Net Cash Balance</td><td>$215,469.36</td><td>$0.00</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>574,249.91</td><td>3,207,455.67</td></tr><tr><td>Credit Balance Int.</td><td>2,287.12</td><td>36,400.20</td></tr><tr><td>Total</td><td>$576,537.03</td><td>$3,243,855.87</td></tr></table>

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY

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

HEALTH & SCIENCE INTERESTS II

<table><thead><tr><th>STATEMENT PERIOD</th><td>October 26, 2002</td></tr></thead><tbody><tr><td>THROUGH</td><td>November 29, 2002</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>October 25, 2002</td></tr></tbody></table>

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EFTA00197377



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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

CLEARED THROUGH ITS
WHOLLY OWNED SUBSIDIARY

Bear, Stearns Securities Corp.
One Metratech Center North
Brooklyn, New York 11201-3859

4 of 7

HEALTH & SCIENCE INTERESTS II



Transaction Detail


## INVESTMENT ACTIVITY

<table><thead><tr><th>SETTLEMENT DATE</th><th>TRADE DATE</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>10/29/02</td><td>10/24/02</td><td>SOLD</td><td>INTERNATIONAL BUSINESS MACHINES CORP UNSOLICITED</td><td>IBM</td><td>-92,000</td><td>74.28250</td><td></td><td>6,828,261.79</td></tr><tr><td>10/29/02</td><td>10/24/02</td><td>SOLD</td><td>TXU CORP UNSOLICITED</td><td>TXU</td><td>-505,000</td><td>12.63600</td><td></td><td>6,350,685.42</td></tr><tr><td>10/31/02</td><td>10/28/02</td><td>SOLD</td><td>INTERNATIONAL BUSINESS MACHINES CORP UNSOLICITED</td><td>IBM</td><td>-93,000</td><td>77.24090</td><td></td><td>7,177,604.97</td></tr><tr><td>10/31/02</td><td>10/28/02</td><td>SOLD</td><td>INTERNATIONAL BUSINESS MACHINES CORP UNSOLICITED</td><td>IBM</td><td>-250,000</td><td>75.06360</td><td></td><td>18,750,335.14</td></tr><tr><td>10/31/02</td><td>10/28/02</td><td>SOLD</td><td>TXU CORP UNSOLICITED AS OF 10/28/02</td><td>TXU</td><td>-225,000</td><td>12.73660</td><td></td><td>2,852,148.74</td></tr><tr><td>10/31/02</td><td>10/28/02</td><td>SOLD</td><td>TXU CORP UNSOLICITED AS OF 10/28/02</td><td>TXU</td><td>-270,000</td><td>12.73660</td><td></td><td>3,422,575.98</td></tr><tr><td>11/25/02</td><td></td><td>JOURNAL</td><td>AUTONATION INC DEL TO PER LOA</td><td>AN</td><td>-100,000</td><td></td><td></td><td></td></tr><tr><td>11/25/02</td><td></td><td>JOURNAL</td><td>MBNA CORP TO PER LOA</td><td>KRB</td><td>-440,000</td><td></td><td></td><td></td></tr><tr><td>11/25/02</td><td></td><td>RECEIVED</td><td>FINOVA GROUP INC 7,5% SR SEC NOTE MATURING 2009 7,500 DUE 11/15/09 WITH CONTINGENT INT DUE 2016 DUE 11/15/2009 7,500 0005</td><td>317928AA7</td><td>10,000,000</td><td></td><td></td><td></td></tr></tbody></table>

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EFTA00197378



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 7

HEALTH & SCIENCE INTERESTS II

## **Transaction Detail** (continued)

STATEMENT PERIOD October 26, 2002

INVESTMENT ACTIVITY (continued)

<table><thead><tr><th>SETTLEMENT DATE</th><th>TRADE DATE</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>11/25/02</td><td></td><td>JOURNAL</td><td>FINOVA GROUP INC<br>7.5% SR SEC NOTE MATURING 2009<br>7,500 DUE 11/15/09<br>WITH CONTINGENT INT DUE 2016<br>TO PER LOA</td><td>317928AA7</td><td>-10,000,000</td><td></td><td></td><td></td></tr></tbody></table>

$$\$45,381,612.04$$

## DEPOSITS AND WITHDRAWALS

<table><thead><tr><th>DATE</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUN</th></tr></thead><tbody><tr><td>11/05/02</td><td>FUNDS REC</td><td>FNDS WIRED TO CITIBANK FROM MORGAN STANLEY LC</td><td></td><td>970.01</td></tr><tr><td>11/25/02</td><td>FUNDS REC</td><td>FNDS WIRED TO CITIBANK FROM MARINE NYC FD</td><td></td><td>3,875,030.93</td></tr><tr><td>11/25/02</td><td>FUNDS REC</td><td>FNDS WIRED TO CITIBANK FROM JPMORGAN CHASE BANK C</td><td></td><td>50,757,030.77</td></tr><tr><td colspan="4">TOTAL</td><td>$54,633,031.70</td></tr></tbody></table>

## 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 AMOUN</th></tr></thead><tbody><tr><td>10/26/02</td><td></td><td>OPENINGBALANCE</td><td></td><td>218,652,657.49</td><td></td><td></td><td></td></tr><tr><td>10/31/02</td><td>BOUGHT</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES</td><td>DICXX</td><td>13,300,000</td><td>1.0000</td><td>13,300,000.00</td><td></td></tr></tbody></table>

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EFTA00197379



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


6 of 7

HEALTH & SCIENCE INTERESTS II

## **Transaction Detail** (continued)

STATEMENT PERIOD October 26, 2002

THROUGH November 29, 2002

## MONEY FUND ACTIVITY (continued)

ACCOUNT NUMBER

TAXPAYER NUMBER On File

| LAST STATEMENT | October 25, 2002 |

| :--- | :--- |

<table><thead><tr><th>MIDDAY</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>11/01/02</td><td>BOUGHT</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES</td><td>DICXX</td><td>32,000,000</td><td>1.0000</td><td>32,000,000.00</td><td></td></tr><tr><td>11/01/02</td><td>DIVIDEND</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND</td><td>DICXX</td><td></td><td></td><td></td><td>174,469.18</td></tr><tr><td>11/01/02</td><td>DIVIDEND</td><td>BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y RECORD 10/31/02 PAY 10/31/02</td><td>BSMXX</td><td></td><td></td><td></td><td>145,014.85</td></tr><tr><td>11/01/02</td><td>REINVEST</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVESTED</td><td>DICXX</td><td>174,469.18</td><td></td><td>174,469.18</td><td></td></tr><tr><td>11/01/02</td><td>REINVEST</td><td>BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y REINVEST PRICE $ 1,00</td><td>BSMXX</td><td>145,014.85</td><td></td><td>145,014.85</td><td></td></tr><tr><td>11/25/02</td><td>SOLD</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES</td><td>DICXX</td><td>-163,595,937.37</td><td>1.0000</td><td></td><td>163,595,937.37</td></tr><tr><td>11/25/02</td><td>SOLD</td><td>BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y</td><td>BSMXX</td><td>-0.15</td><td>1.0000</td><td></td><td>0.15</td></tr><tr><td>11/25/02</td><td>SOLD</td><td>BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y</td><td>BSMXX</td><td>-100,676,204</td><td>1.0000</td><td></td><td>100,676,204.00</td></tr><tr><td>11/25/02</td><td>DIVIDEND</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIV</td><td>DICXX</td><td></td><td></td><td></td><td>154,427.86</td></tr><tr><td>11/25/02</td><td>DIVIDEND</td><td>BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y DIVIDEND CLOSEOUT</td><td>BSMXX</td><td></td><td></td><td></td><td>100,338.02</td></tr><tr><td>11/29/02</td><td></td><td>CLOSINGBALANCE</td><td></td><td>0.00</td><td></td><td></td><td></td></tr><tr><td colspan="4">TOTAL</td><td></td><td></td><td>-$45,619,484.03</td><td>$264,846,391.43</td></tr></tbody></table>

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EFTA00197380



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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



CLEARED THROUGH ITS
CLEARLY WOUNDED SUBSIDIARY



7 of 7

Bear, Steams Securities Corp.

One Metratech Center North

Brooklyn, New York 11201-3859

HEALTH & SCIENCE INTERESTS II

## **Transaction Detail** (continued)



INTEREST


STATEMENT PERIOD October 26, 2002

THROUGH November 29, 2002

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>11/21/02</td><td>INTEREST ON CREDIT BALANCE AT 0 3/4% 11/06 THRU 11/20</td><td></td><td></td><td>0.7500</td><td></td><td>93.14</td></tr><tr><td>11/21/02</td><td>INTEREST ON CREDIT BALANCE AT 1 1/4% 10/21 THRU 11/05</td><td></td><td></td><td>1.2500</td><td></td><td>2,163.65</td></tr><tr><td>11/26/02</td><td>PRE-PAY CR INT 11/21/02 11/25/02</td><td></td><td></td><td></td><td></td><td>30.33</td></tr><tr><td colspan="6">TOTAL</td><td>$2,287.12</td></tr></tbody></table>

TAXPAYER NUMBER On File

| LAST STATEMENT | October 25, 2002 |

| :--- | :--- |

## MISCELLANEOUS

<table><thead><tr><th>DATE MO/DAY</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>10/28/02</td><td>JOURNAL</td><td>MARK TO MARKET</td><td></td><td>1,053.00</td></tr><tr><td>10/28/02</td><td>JOURNAL</td><td>MARK TO MARKET SHORT POS</td><td>1,053.00</td><td></td></tr><tr><td>11/04/02</td><td>JOURNAL</td><td>MARK TO MARKET</td><td></td><td>0.80</td></tr><tr><td>11/04/02</td><td>JOURNAL</td><td>MARK TO MARKET SHORT POS</td><td>0.80</td><td></td></tr><tr><td>11/25/02</td><td>JOURNAL</td><td>TO PER LOA</td><td>319,204,511.41</td><td></td></tr><tr><td>11/25/02</td><td>JOURNAL</td><td>JOURNAL FROM TYPE 2 TO 1</td><td></td><td>35,457.90</td></tr><tr><td>11/25/02</td><td>JOURNAL</td><td>JOURNAL FROM TYPE 2 TO 1</td><td>35,457.90</td><td></td></tr><tr><td>11/26/02</td><td>JOURNAL</td><td>TO COMP JRL A/O 11/25/02</td><td>254,796.21</td><td></td></tr><tr><td colspan="3">TOTAL</td><td>-319,495,819.32</td><td>$36,511.70</td></tr></tbody></table>



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


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