EFTA00197452



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT
Bear, Stearns & Co. Inc.
245 Park Avenue
New York, New York 10167
(212) 272-2000



CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY



| | |

| :--- | :--- |

| ACCOUNT EXECUTIVE | CAYNE,JAMES E. |

| TELEPHONE | |

| VISIT OUR WEBSITE | www.bearstearns.com |

Bear, Stearns Securities Corp.

One Metrotech Center North Brooklyn, New York 11201-3859

(212) 272-1000





<table border="1"><tr><td>HEALTH &amp; SCIENCE INTERESTS II</td></tr><tr><td>C/O JEFFREY EPSTEIN</td></tr><tr><td>ATTN JEANIE BRENNAN</td></tr><tr><td>6100 RED HOOK QUARTER STE B-3</td></tr><tr><td>ST THOMAS VI 00802</td></tr></table>

## Premise or Third Party Repurchase Agreements with Bear, Stearns& Co.Inc.outstanding as of date of statement



ACCOUNT NUMBER



<table><thead><tr><th>PURCHASE/ START DATE</th><th>REPURCHASE/ END DATE</th><th>PURCHASE PRICE/ PRINCIPAL</th><th>PRICING RATE</th><th>REPO/ ACCRUED INTEREST*</th><th>NET AMOUNT</th></tr></thead><tbody><tr><td>03/15/01</td><td>OPEN</td><td>6,052,938.53</td><td>4.370000</td><td>37,657.68</td><td>6,090,596.21</td></tr><tr><td colspan="5">TOTAL REPURCHASE AGREEMENTS</td><td>$6,090,596.21</td></tr></tbody></table>

TAXPAYER NUMBER On File

| LAST STATEMENT | March 30, 2001 |

| :--- | :--- |

HEALTH & SCIENCE INTERESTS II

STATEMENT PERIOD March 31, 2001

THROUGH April 27, 2001

*As of statement date*

The above positions do not appear in any other section of this statement.





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



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.

027 04/28/01:19:29 001

V471

EFTA00197453

CLEARED THROUGH ITS
WHOLLY OWNED SUBSIDIARY



2 of 2


Bear, Stearns Securities Corp.
One Metrotech Center North Brooklyn, New York 11201-3859
(212) 272-1000



HEALTH & SCIENCE INTERESTS II



STATEMENT BACKER IS PRINTED ON THIS PAGE

| 027 | 04/28/01;19:29 001 | V471 |
| :--- | :--- | :--- |