Bear Stearns brokerage statement for a health and science trust, July 2002

EFTA00197408¶

OFFICE SERVICING YOUR ACCOUNT¶

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

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSIDIARY¶

What’s In This Statement¶

Financial Summary	3
Your Portfolio Holdings	4
Transaction Detail	5
Fund Activity	5

HEALTH & SCIENCE INTERESTS II

TRUST JEFFREY E EPSTEIN TTEE

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¶

| STATEMENT PERIOD | June 29, 2002 |¶

| :--- | :--- |¶

| THROUGH | July 26, 2002 |¶

| LAST STATEMENT | June 28, 2002 |¶

| :--- | :--- |¶

TAXPAYER NUMBER On File¶

ACCOUNT NUMBER¶

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

Your Portfolio at a Glance¶

TOTAL VALUE OF SECURITIES THIS PERIOD	33,140,000
NET CREDIT BALANCE	213,483
MONEY MARKET FUND BALANCE	233,976,751
NET EQUITY THIS PERIOD	$267,330,234
NET EQUITY LAST STATEMENT	320,890,052
CHANGE SINCE LAST STATEMENT	-53,559,819

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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EFTA00197409¶

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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EFTA00197410¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

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

3 of 6¶

Cash Flow Analysis¶

	THIS PERIOD
OpeningBalance	$439,529.45
Money Fund	86,886,227.52
Dividends/Interest	7,263.09
Amount Credited	$86,893,490.61
Securities Bought	-35,797,910.00
Money Fund	-206,227.52
Funds Withdrawn	-51,115,400.00
Amount Debited	$-87,119,537.52
Net Cash Activity	-226,046.91
Closing Balance	$213,482.54

Cash Balance Summary¶

	OPENING	CLOSING
Cash	439,529.45	213,482.54
Net Cash Balance	$439,529.45	$213,482.54

Income Summary¶

	THIS PERIOD	YEAR TO DATE
Dividends	206,227.52	1,481,498.49
Credit Balance Int.	7,263.09	15,716.03
Total	$213,490.61	$1,497,214.52

Portfolio Composition¶

Cash/Cash Equivalent	234,190,234
Equities	33,140,000
Total	$267,330,234

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

STATEMENT PERIOD June 29, 2002¶

HEALTH & SCIENCE INTERESTS II¶

THROUGH July 26, 2002¶

ACCOUNT NUMBER
TAXPAYER NUMBER	On File
LAST STATEMENT	June 28, 2002

Your Portfolio Allocation¶

07/27/02;17:22 001¶

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

EFTA00197411¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

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

4 of 6¶

Your Portfolio Holdings¶

CASH & CASH EQUIVALENTS¶

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
CASH BALANCE				213,483
DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST. 30 DAY AVG YIELD 1,7000%	DICXX	133,883,436.72	1.0000	133,883,437	2,276,018	1.7000
BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y DIVIDEND REINVESTED	BSMXX	100,093,313.50	1.0000	100,093,314	1,771,652	1.7700
TOTAL CASH & CASH EQUIVALENTS				$234,190,234	$4,047,670

EQUITIES¶

Equities & Options¶

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
BANK ONE CORP	ONE	CASH	100,000	34.6500	3,465,000	84,000	2.4242
BEAR STEARNS COMPANIES INC	BSC	CASH	100,000	57.8500	5,785,000	60,000	1.0372
INTERNATIONAL BUSINESS MACHINES CORP	IBM	CASH	100,000	66.4000	6,640,000	60,000	0.9036
MBNA CORP	KRB	CASH	1,000,000	17.2500	17,250,000	280,000	1.6232
Total Equities& Options					$33,140,000	$484,000
TOTAL EQUITIES					$33,140,000	$484,000

YOUR TOTAL ESTIMATED ANNUAL INCOME	$4,531,670
YOUR PRICED PORTFOLIO HOLDINGS	$267,330,233

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

STATEMENT PERIOD June 29, 2002¶

HEALTH & SCIENCE INTERESTS II¶

THROUGH July 26, 2002¶

AGCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | June 28, 2002 |¶

| :--- | :--- |¶

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07/27/02;17:22 001¶

EFTA00197412¶

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 6¶

HEALTH & SCIENCE INTERESTS II¶

Transaction Detail¶

STATEMENT PERIOD June 29, 2002¶

THROUGH July 26, 2002¶

INVESTMENT ACTIVITY¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | June 28, 2002 |¶

| :--- | :--- |¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
07/22/02	07/17/02	BOUGHT	BANK ONE CORP UNSOLICITED SEE NOTE "S" ON BACK	ONE	100,000	38.35600	3,841,602.50
07/22/02	07/17/02	BOUGHT	BEAR STEARNS COMPANIES INC UNSOLICITED	BSC	100,000	58.09900	5,815,902.50
07/22/02	07/17/02	BOUGHT	INTERNATIONAL BUSINESS MACHINES CORP UNSOLICITED	IBM	100,000	71.13900	7,119,902.50
07/23/02	07/18/02	BOUGHT	MBNA CORP AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	KRB	1,000,000	18.96050	19,020,502.50

DEPOSITS AND WITHDRAWALS¶

DATE	TRANSACTION	DESCRIPTION		DEBIT AMOUNT	CREDIT AMOUNT
07/01/02	FND WIRED	MDA# CHASE MANHATTAN ACQ-	FNDS WIRED TO BANK N A FD#07204	1,115,400.00
07/24/02	FND WIRED	MDA CHASE MANHATTAN	NDS WIRED TO BANK N A FD#03192	50,000,000.00
TOTAL				-$51,115,400.00

MONEY FUND ACTIVITY¶

DATE MO/DAY	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
06/29/02		OPENINGBALANCE		320,450,522.70

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EFTA00197413¶

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 6¶

HEALTH & SCIENCE INTERESTS II¶

STATEMENT PERIOD June 29, 2002¶

Transaction Detail (continued)¶

MONEY FUND ACTIVITY (continued)¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | June 28, 2002 |¶

| :--- | :--- |¶

DATE MO/DAY	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
07/01/02	SOLD	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES	DICXX	-680,000	1.0000		680,000.00
07/01/02	DIVIDEND	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND	DICXX				112,914.02
07/01/02	DIVIDEND	BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y RECORD 06/28/02 PAY 06/28/02	BSMXX				93,313.50
07/01/02	REINVEST	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVESTED	DICXX	112,914.02		112,914.02
07/01/02	REINVEST	BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y REINVEST PRICE $ 1,00	BSMXX	93,313.50		93,313.50
07/17/02	SOLD	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES	DICXX	-17,000,000	1.0000		17,000,000.00
07/19/02	SOLD	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES	DICXX	-19,000,000	1.0000		19,000,000.00
07/24/02	SOLD	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES	DICXX	-50,000,000	1.0000		50,000,000.00

07/26/02	CLOSINGBALANCE	233,976,750.22
TOTAL		-206,227.52	$86,886,227.52

INTEREST¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
07/22/02	INTEREST ON CREDIT BALANCE AT 1 1/4% 06/21 THRU 07/20			1.2500		7,263.09
TOTAL						$7,263.09

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