Bear Stearns account statement for a trust of Jeffrey Epstein, June 2002

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

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| 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 4¶

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¶

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSIDIARY¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

HEALTH & SCIENCE INTERESTS II¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

STATEMENT PERIOD June 1, 2002¶

| LAST STATEMENT | May 31, 2002 |¶

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Your Portfolio at a Glance¶

THROUGH June 28, 2002¶

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

NET CREDIT BALANCE	439,529
MONEY MARKET FUND BALANCE	320,450,523
NET EQUITY THIS PERIOD	$320,890,052
NET EQUITY LAST STATEMENT	334,210,523
CHANGE SINCE LAST STATEMENT	-13,320,470

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¶

	THIS PERIOD
OpeningBalance	$15,141.93
Securities Sold	313,982,989.00
Money Fund	8,641.32
Dividends/Interest	1,181,398.52
Amount Credited	$315,173,028.84
Money Fund	-314,748,641.32
Amount Debited	$-314,748,641.32
Net Cash Activity	424,387.52
Closing Balance	$439,529.45

Cash Balance Summary¶

	OPENING	CLOSING
Cash	15,141.93	439,529.45
Net Cash Balance	$15,141.93	$439,529.45

Income Summary¶

	THIS PERIOD	YEAR TO DATE
Dividends	1,182,391.32	1,275,270.97
Credit Balance Int.	7,648.52	8,452.94
Total	$1,190,039.84	$1,283,723.91

Portfolio Composition¶

Cash/Cash Equivalent	320,890,052
Total	$320,890,052

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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	June 1, 2002
THROUGH	June 28, 2002

ACCOUNT NUMBER
TAXPAYER NUMBER	On File
LAST STATEMENT	May 31, 2002

Your Portfolio Allocation¶

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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¶

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
CASH BALANCE				439,529
DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST. 30 DAY AVG YIELD 1,8000%	DICXX	220,450,522.70	1.0000	220,450,523	3,968,109	1.8000
BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y DIVIDEND REINVESTED	BSMXX	100,000,000	1.0000	100,000,000	1,780,000	1.7800
TOTAL CASH & CASH EQUIVALENTS				$320,890,052	$5,748,109

YOUR TOTAL ESTIMATED ANNUAL INCOME	$5,748,109
YOUR PRICED PORTFOLIOHOLDINGS	$320,890,052

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

INVESTMENT ACTIVITY¶

Transaction Detail¶

Bear, Steams Securities Corp.¶

One Metrotech Center North Brooklyn, New York 11201-3859¶

HEALTH & SCIENCE INTERESTS II¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
06/11/02		DELIVERED	LIMITED BRANDS INC DEL TO 00005	LTD	-5,000,000			99,996,952.36
06/13/02		DELIVERED	LIMITED BRANDS INC DEL TO 00005	LTD	-3,500,000			71,747,835.04
06/17/02		DELIVERED	LIMITED BRANDS INC DEL TO 00005	LTD	-2,250,000			45,628,621.79

STATEMENT PERIOD June 1, 2002¶

THROUGH June 28, 2002¶

AGCOUNT NUMBER¶

| LAST STATEMENT | May 31, 2002 |¶

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TAXPAYER NUMBER On File¶

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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¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

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HEALTH & SCIENCE INTERESTS II¶

Transaction Detail (continued)¶

STATEMENT PERIOD June 1, 2002¶

INVESTMENT ACTIVITY (continued)¶

| LAST STATEMENT | May 31, 2002 |¶

| :--- | :--- |¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
06/25/02	06/20/02	SOLD	LIMITED BRANDS INC AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	LTD	-1,900,000	20.50000		38,711,325.10
06/27/02	06/24/02	SOLD	LIMITED BRANDS INC NET PRICE OF $19,30 EQUALS GROSS PRICE OF $20 LESS .70 STRUCTURING FEE AS OF 06/24/02	LTD	-3,000,000	19.30000		57,898,254.71

MONEY FUND ACTIVITY¶

DATE MOLDAY	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
06/01/02		OPENINGBALANCE		5,701,881.38
06/03/02	DIVIDEND	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND	DICXX				8,641.32
06/03/02	REINVEST	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVESTED	DICXX	8,641.32		8,641.32
06/12/02	BOUGHT	BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y	BSMXX	100,000,000	1.0000	100,000,000.00
06/14/02	BOUGHT	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES	DICXX	71,740,000	1.0000	71,740,000.00
06/18/02	BOUGHT	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES	DICXX	46,000,000	1.0000	46,000,000.00
06/26/02	BOUGHT	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES	DICXX	39,000,000	1.0000	39,000,000.00
06/28/02	BOUGHT	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES	DICXX	58,000,000	1.0000	58,000,000.00

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EFTA00197419¶

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¶

6 of 6¶

HEALTH & SCIENCE INTERESTS II¶

Transaction Detail (continued)¶

STATEMENT PERIOD June 1, 2002¶

MONEY FUND ACTIVITY (continued)¶

THROUGH June 28, 2002¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | May 31, 2002 |¶

| :--- | :--- |¶

DATE MO/DAY	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
06/28/02		CLOSINGBALANCE		320,450,522.70
TOTAL						-314,748,641.32	$8,641.32

DIVIDENDS¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	DEBIT AMOUNT	CREDIT AMOUNT
06/18/02	LIMITED BRANDS INC 15650000,00000 SHS REC 06/07/02 PAY 06/18/02	LTD		0.0750		1,173,750.00
TOTAL						$1,173,750.00

INTEREST¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
06/21/02	INTEREST ON CREDIT BALANCE AT 1 1/4% 05/21 THRU 06/20			1.2500		7,648.52
TOTAL						$7,648.52

******* End of Statement ********¶

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