EFTA00197454

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



ACCOUNT EXECUTIVE CAYNE,JAMES E.

TELEPHONE

VISIT OUR WEBSITE www.bearstearns.com



Important Message

Decimal Trading is Here for Nasdaq!

Decimal Trading is the shift from fractional pricing (e.g.21 1/2) to decimal pricing (e.g.$21.50) for equities and options. Nasdaq securities have been phased in during March and the remaining securities are scheduled to be trading in decimals in April.

For details, visit our website at www.bearstearns.com.







CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY



<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>

Bear, Stearns Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

(212) 272-1000

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

<table border="1"><tr><td>PURCHASE/START DATE</td><td>REPURCHASE/END DATE</td><td>PURCHASE PRICE/PRINCIPAL</td><td>PRICINGRATE</td><td>REPO/ ACCRUEDINTEREST*</td><td>NET AMOUNT</td></tr><tr><td>03/15/01</td><td>OPEN</td><td>6,052,938.53</td><td>5.250000</td><td>15,377.83</td><td>6,068,316.36</td></tr><tr><td colspan="5">TOTAL REPURCHASE AGREEMENTS</td><td>$6,068,316.36</td></tr></table>

*As of statement date*

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

HEALTH & SCIENCE INTERESTS II

TAXPAYER NUMBER 13-7022662

| LAST STATEMENT | February 23, 2001 |

| :--- | :--- |

| STATEMENT PERIOD | February 24, 2001 |

| :--- | :--- |

| THROUGH | March 30, 2001 |

ACCOUNT NUMBER

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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BEAR
STEARNS


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

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## Your messages

Bear, Stearns Securities Corp., Net Capital and Net Capital Requirements:



At November 30, 2000 and January 26, 2001, the Company's net capital of $2,620,960,000 and $2,761,817,000 was approximately 9% and 10% of aggregate debit items and exceeded the minimum regulatory net capital requirement of $572,456,000 and $559,381,000 by $2,048,504,000 and $2,202,436,000, all respectively.



CLEARED THROUGH ITS

CLEARLY WOUNDED SUBSIDIARY



Bear, Stearns Securities Corp.

One Metrotech Center North Brooklyn, New York 11201-3859

(212) 272-1000

A complete copy of the Bear, Stearns Securities Corp. Statement of Financial Condition is available on the web site www.bearstearns.com. Alternatively, to request a free printed copy please call toll free 1-866-299-9331.

HEALTH & SCIENCE INTERESTS II

<table><thead><tr><th>ACCOUNT NUMBER</th><td></td></tr></thead><tbody><tr><td>TAXPAYER NUMBER</td><td>13-7022662</td></tr><tr><td>LAST STATEMENT</td><td>February 23, 2001</td></tr></tbody></table>

| STATEMENT PERIOD | February 24, 2001 |

| :--- | :--- |

| THROUGH | March 30, 2001 |



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



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CLEARED THROUGH ITS
WHOLLY OWNED SUBSIDIARY



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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

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