EFTA00197381 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 Financial Summary 3 Your Portfolio Holdings ... 4 Transaction Detail ... 5 Fund Activity 6 Trades Not Yet Settled ... 7 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY

HEALTH & SCIENCE INTERESTS II

TRUST JEFFREY E EPSTEIN TTEE

DTD 8/18/93

6100 RED HOOK QUARTER STE B-3

ST THOMAS VI 00802

TOTAL VALUE OF SECURITIES THIS PERIOD	54,537,200
NET CREDIT BALANCE	215,469
MONEY MARKET FUND BALANCE	218,652,657
NET EQUITY THIS PERIOD	$273,405,326
NET EQUITY LAST STATEMENT	268,145,952
CHANGE SINCE LAST STATEMENT	5,259,374

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. | | :--- | :--- | | 027 | 10:26/02;10:31 001 | EFTA00197382 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY 2 of 7 Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 STATEMENT BACKER IS PRINTED ON THIS PAGE HEALTH & SCIENCE INTERESTS II 027 EFTA00197383 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 3 of 7 Cash Flow Analysis

	THIS PERIOD
OpeningBalance	$13,000,548.46
Money Fund	13,534,453.16
Dividends/Interest	35,457.90
Amount Credited	$13,569,911.06
Securities Bought	-24,896,965.00
Money Fund	-334,453.16
Funds Withdrawn	-1,123,572.00
Amount Debited	$-26,354,990.16
Net Cash Activity	-12,785,079.10
Closing Balance	$215,469.36

Cash Balance Summary

	OPENING	CLOSING
Cash	13,000,548.46	180,011.46
Margin	0.00	34,404.10
Short	0.00	1,053.80
Net Cash Balance	$13,000,548.46	$215,469.36

Income Summary

	THIS PERIOD	YEAR TO DATE
Dividends	365,253.16	2,633,205.76
Credit Balance Int.	3,604.10	34,113.08
Total	$368,857.26	$2,667,318.84

Portfolio Composition

Cash/Cash Equivalent	218,868,126
Equities	54,537,200
Total	$273,405,326

027 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY Bear, Steams Securities Corp. One Metratech Center North Brooklyn, New York 112D1-3859 HEALTH & SCIENCE INTERESTS II 10/26/02;10:31 001

STATEMENT PERIOD	September 28, 2002
THROUGH	October 25, 2002
ACCOUNT NUMBER
TAXPAYER NUMBER	On File
LAST STATEMENT	September 27, 2002

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. EFTA00197384 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 4 of 7 ## Your Portfolio Holdings CASH & CASH EQUIVALENTS

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
CASH BALANCE				215,469
DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST. 30 DAY AVG YIELD 1,6600%	DICXX	118,121,468.19	1.0000	118,121,468	2,008,065	1.7000
BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y DIVIDEND REINVESTED	BSMXX	100,531,189.30	1.0000	100,531,189	1,698,977	1.6900
TOTAL CASH & CASH EQUIVALENTS				$218,868,126	$3,707,042

## EQUITIES ## Equities & Options

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
AUTONATION INC DEL	AN	CASH	100,000	10.4200	1,042,000
INTERNATIONAL BUSINESS MACHINES CORP	IBM	CASH	435,000	74.5600	32,433,600	261,000	0.8047
MBNA CORP	KRB	CASH	440,000	19.8900	8,751,600	123,200	1.4077
TXU CORP	TXU	CASH	1,000,000	12.3100	12,310,000	500,000	4.0617
Total Equities& Options					$54,537,200	$884,200
TOTAL EQUITIES					$54,537,200	$884,200

YOUR TOTAL ESTIMATED ANNUAL INCOME	$4,591,242
YOUR PRICED PORTFOLIOHOLDINGS	$273,405,326

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 HEALTH & SCIENCE INTERESTS II STATEMENT PERIOD September 28, 2002 | THROUGH | October 25, 2002 | | :--- | :--- | AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | September 27, 2002 | | :--- | :--- | 027 10/26/02;10:31 001 EFTA00197385 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 Metratech Center North Brooklyn, New York 11201-3859 **5 of 7** HEALTH & SCIENCE INTERESTS II Transaction Detail STATEMENT PERIOD September 28, 2002 THROUGH October 25, 2002 ## INVESTMENT ACTIVITY TAXPAYER NUMBER On File | LAST STATEMENT | September 27, 2002 | | :--- | :--- |

Settlement Date	Trade Date	Transaction	Description	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT
09/30/02		JOURNAL	INTERNATIONAL BUSINESS MACHINES CORP JOURNAL FROM TYPE 2 TO 1	IBM	235,000
09/30/02		JOURNAL	MBNA CORP JOURNAL FROM TYPE 2 TO 1	KRB	440,000
09/30/02		JOURNAL	INTERNATIONAL BUSINESS MACHINES CORP JOURNAL FROM TYPE 2 TO 1	IBM	-235,000
09/30/02		JOURNAL	MBNA CORP JOURNAL FROM TYPE 2 TO 1	KRB	-440,000
10/01/02	09/26/02	BOUGHT	INTERNATIONAL BUSINESS MACHINES CORP UNSOLICITED	IBM	200,000	64.35280	12,882,562.50
10/17/02	10/14/02	BOUGHT	TXU CORP AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT SOLICITED	TXU	1,000,000	11.95440	12,014,402.50
TOTAL

## DEPOSITS AND WITHDRAWALS

DATE	TRANSACTION	DESCRIPTION	DEBIT AMOUNT
10/01/02	FND WIRED	MDA JPMORGAN CHASE BANK FD#07221	1,115,399.00
10/24/02	CHECK	CK # ON ACCT	8,173.00
TOTAL			-$1,123,572.00

027 10/26/02;10:31 001 V637 EFTA00197386 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 September 28, 2002 ## MONEY FUND ACTIVITY THROUGH October 25, 2002 TAXPAYER NUMBER On File | LAST STATEMENT | September 27, 2002 | | :--- | :--- |

MOIDAY	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
09/28/02		OPENINGBALANCE		231,518,204.33
09/30/02	SOLD	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES	DICXX	-1,200,000	1.0000		1,200,000.00
10/01/02	DIVIDEND	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND	DICXX				194,497.10
10/01/02	DIVIDEND	BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y RECORD 09/30/02 PAY 09/30/02	BSMXX				139,956.06
10/01/02	REINVEST	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVESTED	DICXX	194,497.10		194,497.10
10/01/02	REINVEST	BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y REINVEST PRICE $ 1,00	BSMXX	139,956.06		139,956.06
10/15/02	SOLD	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES	DICXX	-12,000,000	1.0000		12,000,000.00
10/25/02		CLOSINGBALANCE		218,652,657.49
TOTAL						-$334,453.16	$13,534,453.16

## DIVIDENDS

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	CREDIT AMOUNT
10/01/02	MBNA CORP	KRB	440,000	0.0700	30,800.00
10/01/02	REC 09/16/02 PAY 10/01/02	KRB	440,000	0.0700	30,800.00
TOTAL						$30,800.00

027 10/26/02;10:31 001 EFTA00197387 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 Metratech Center North Brooklyn, New York 11201-3859 7 of 7 HEALTH & SCIENCE INTERESTS II STATEMENT PERIOD September 28, 2002 ## **Transaction Detail** (continued) INTEREST | THROUGH | October 25, 2002 | | :--- | :--- | TAXPAYER NUMBER On File | LAST STATEMENT | September 27, 2002 | | :--- | :--- |

DATE	DESCRIPTION	RATE (%)	CREDIT AMOUNT
10/21/02	INTEREST ON CREDIT BALANCE AT 1 1/4% 09/21 THRU 10/20	1.2500	3,604.10
10/21/02	SHT ACCT FEE 09/21-10 20 02		1,053.80
TOTAL				$4,657.90

## Trades Executed Pending Settlement

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
10/29/02	10/24/02	SOLD	INTERNATIONAL BUSINESS MACHINES CORP UNSOLICITED	IBM	-92,000.00	74.2825		6,828,261.79
10/29/02	10/24/02	SOLD	TXU CORP UNSOLICITED	TXU	-505,000.00	12.6360		6,350,685.42
TOTAL							$0.00	$13,178,947.21

The above trades do not appear in any other section of this statement. ******* End of Statement******* 027 10/26/02;10:31 001