EFTA00197475

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

<table><tr><td>Financial Summary</td><td>3</td></tr><tr><td>Your Portfolio Holdings</td><td>4</td></tr><tr><td>Transaction Detail</td><td>5</td></tr><tr><td>Fund Activity</td><td>5</td></tr><tr><td>Your Messages</td><td>8</td></tr></table>





# HERITAGE INTERESTS

FINANCIAL TRUST CO TTEE

DTD 7-30-91 \*

ATTN JEANIE BRENNAN

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

## Your Portfolio at a Glance

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

ACCOUNT NUMBER

STATEMENT PERIOD September 29, 2001

HERITAGE INTERESTS

| LAST STATEMENT | September 28, 2001 |

| :--- | :--- |

<table border="1"><tr><td>TOTAL VALUE OF SECURITIES THIS PERIOD</td><td>2,525,000</td></tr><tr><td>NET CREDIT BALANCE</td><td>1,363,408</td></tr><tr><td>MONEY MARKET FUND BALANCE</td><td>4,080,560</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$7,968,968</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>7,887,989</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>80,979</td></tr></table>

TAXPAYER NUMBER On File

THROUGH October 26, 2001

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

HERITAGE INTERESTS

STATEMENT BACKER IS PRINTED ON THIS PAGE

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BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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

3 of 8

Cash Flow Analysis

<table border="1"><tr><td></td><td>THIS PERIOD</td></tr><tr><td>OpeningBalance</td><td>$1,374,042.62</td></tr><tr><td>Money Fund</td><td>186,613.24</td></tr><tr><td>Dividends/Interest</td><td>7,184.48</td></tr><tr><td>Amount Credited</td><td>$193,797.72</td></tr><tr><td>Money Fund</td><td>-11,613.24</td></tr><tr><td>Funds Withdrawn</td><td>-188,019.00</td></tr><tr><td>Dividends/Interest Charged</td><td>-4,800.00</td></tr><tr><td>Amount Debited</td><td>$-204,432.24</td></tr><tr><td>Net Cash Activity</td><td>-10,634.52</td></tr><tr><td>Closing Balance</td><td>$1,363,408.10</td></tr></table>

Same day transfers of cash between account types are not included in this section; such transfers, as well as details for all other transactions this period, appear in Transaction Detail.

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>44,407.40</td><td>36,747.69</td></tr><tr><td>Margin</td><td>356,634.30</td><td>262,384.30</td></tr><tr><td>Short</td><td>973,000.92</td><td>1,064,276.11</td></tr><tr><td>Net Cash Balance</td><td>$1,374,042.62</td><td>$1,363,408.10</td></tr></table>

Income Summary

<table border="1"><tr><td></td><th>THIS PERIOD</th><th>YEAR TO DATE</th></tr><tr><td>Dividends</td><td>16,413.24</td><td>175,613.38</td></tr><tr><td>Credit Balance Int.</td><td>559.29</td><td>28,375.55</td></tr><tr><td>Total</td><td>$16,972.53</td><td>$203,988.93</td></tr></table>

Portfolio Composition

<table border="1"><tr><td></td><td>SHORT</td><td>LONG</td></tr><tr><td>Cash/Cash Equivalent</td><td></td><td>5,443,968</td></tr><tr><td>Equities</td><td>1,133,000</td><td>3,658,000</td></tr><tr><td>Total</td><td>$1,133,000</td><td>$9,101,968</td></tr></table>

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

HERITAGE INTERESTS

<table><tr><td>STATEMENT PERIOD</td><td>September 29, 2001</td></tr><tr><td>THROUGH</td><td>October 26, 2001</td></tr><tr><td>ACCOUNT NUMBER</td><td></td></tr><tr><td>TAXPAYER NUMBER</td><td>On File</td></tr><tr><td>LAST STATEMENT</td><td>September 28, 2001</td></tr></table>

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.

EFTA00197478



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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

4 of 8

## Your Portfolio Holdings

## CASH & CASH EQUIVALENTS

<table><thead><tr><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>PRICE</th><th>MARKET VALUE</th><th>ESTIMATED ANNUAL INCOME</th><th>CURRENT YIELD (%)</th></tr></thead><tbody><tr><td>CASH BALANCE</td><td></td><td></td><td></td><td>1,363,408</td><td></td><td></td></tr><tr><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 2,7900%</td><td>DICCX</td><td>4,080,559.54</td><td>1.0000</td><td>4,080,560</td><td>134,658</td><td>3.3000</td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$5,443,968</td><td>$134,658</td><td></td></tr></tbody></table>

## EQUITIES

## Equities & Options

<table><thead><tr><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>ACCT TYPE</th><th>QUANTITY</th><th>PRICE</th><th>MARKET VALUE</th><th>ESTIMATED ANNUAL INCOME</th><th>CURRENT YIELD (%)</th></tr></thead><tbody><tr><td>PNC FINANCIAL SVCS GROUP INC</td><td>PNC</td><td>CASH</td><td>10,000</td><td>57.7500</td><td>577,500</td><td>19,200</td><td>3.3247</td></tr><tr><td>PNC FINANCIAL SVCS GROUP INC</td><td>PNC</td><td>SHRT</td><td>-10,000</td><td>57.7500</td><td>-577,500</td><td>-19,200</td><td>3.3247</td></tr><tr><td>TYCO INTERNATIONAL LTD</td><td>TYC</td><td>CASH</td><td>61,000</td><td>50.5000</td><td>3,080,500</td><td>3,050</td><td>0.0990</td></tr><tr><td>TYCO INTERNATIONAL LTD</td><td>TYC</td><td>SHRT</td><td>-11,000</td><td>50.5000</td><td>-555,500</td><td>-550</td><td>0.0990</td></tr><tr><td>Total Equities&amp; Options</td><td></td><td></td><td></td><td></td><td>$2,525,000</td><td>$2,500</td><td></td></tr><tr><td>TOTAL EQUITIES</td><td></td><td></td><td></td><td></td><td>$2,525,000</td><td>$2,500</td><td></td></tr></tbody></table>

<table border="1"><tr><td>YOUR TOTAL ESTIMATED ANNUAL INCOME</td><td>$137,158</td></tr><tr><td>YOUR PRICED PORTFOLIOHOLDINGS</td><td>$7,968,968</td></tr></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY



Bear, Steams Securities Corp.

One Metrotech Center North Brooklyn, New York 11201-3859

HERITAGE INTERESTS

STATEMENT PERIOD September 29, 2001

THROUGH October 26, 2001

AGCOUNT NUMBER

TAXPAYER NUMBER On File

| LAST STATEMENT | September 28, 2001 |

| :--- | :--- |

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BEAR
STEARNS


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

5 of 8



Bear, Steams Securities Corp.

One Meterotech Center North Brooklyn, New York 11201-3859



HERITAGE INTERESTS



Transaction Detail


## INVESTMENT ACTIVITY

<table><thead><tr><th>SETTLEMENT DATE</th><th>TRADE DATE</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>PRICE</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>10/24/01</td><td></td><td>EXPIRED</td><td>CALL TYCO INTL EXP 10/20/2001</td><td>OCT 055****</td><td>9021249J7</td><td>500</td><td></td><td></td></tr></tbody></table>

## DEPOSITS AND WITHDRAWALS



## MONEY FUND ACTIVITY

<table><thead><tr><th>DATE MO/DAY</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>PRICE</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUN</th></tr></thead><tbody><tr><td>09/29/01</td><td></td><td>OPENINGBALANCE</td><td></td><td>4,243,946.30</td><td></td><td></td><td></td></tr><tr><td>10/01/01</td><td>SOLD</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES</td><td>DICCX</td><td>-175,000</td><td>1.0000</td><td></td><td>175,000.00</td></tr><tr><td>10/01/01</td><td>DIVIDEND</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND</td><td>DICCX</td><td></td><td></td><td></td><td>11,613.24</td></tr></tbody></table>

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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

6 of 8

HERITAGE INTERESTS

STATEMENT PERIOD September 29, 2001

## **Transaction Detail** (continued)

THROUGH October 26, 2001

## MONEY FUND ACTIVITY (continued)

ACCOUNT NUMBER

TAXPAYER NUMBER On File

| LAST STATEMENT | September 28, 2001 |

| :--- | :--- |

<table><thead><tr><th>DATE MO/DAY</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>PRICE</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>10/01/01</td><td>REINVEST</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVESTED</td><td>DICCX</td><td>11,613.24</td><td></td><td>11,613.24</td><td></td></tr></tbody></table>

<table border="1"><tr><td>10/26/01</td><td>CLOSINGBALANCE</td><td>4,080,559.54</td><td></td></tr><tr><td>TOTAL</td><td></td><td>-11,613.24</td><td>$186,613.24</td></tr></table>

## DIVIDENDS

<table><thead><tr><th>DATE</th><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>RATE ($)</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>10/15/01</td><td>PNC FINANCIAL SVCS GROUP INC<br>DIV CHG 10000 SHS SHORT<br>REC 10/12/01 PAY 10/24/01</td><td>PNC</td><td></td><td></td><td>4,800.00</td><td></td></tr><tr><td>10/24/01</td><td>PNC FINANCIAL SVCS GROUP INC<br>REC 10/12/01 PAY 10/24/01</td><td>PNC</td><td>10,000</td><td>0.4800</td><td></td><td>4,800.00</td></tr><tr><td colspan="6">TOTAL</td><td>-4,800.00</td><td>$4,800.00</td></tr></tbody></table>



INTEREST


<table><thead><tr><th>DATE</th><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>RATE (%)</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>10/22/01</td><td>INTEREST ON CREDIT BALANCE<br>AT 1 1/2% 09/21 THRU 09/23</td><td></td><td></td><td>1.5000</td><td></td><td>30.85</td></tr><tr><td>10/22/01</td><td>INTEREST ON CREDIT BALANCE<br>AT 2 1/2% 09/24 THRU 10/01</td><td></td><td></td><td>2.5000</td><td></td><td>215.89</td></tr><tr><td>10/22/01</td><td>INTEREST ON CREDIT BALANCE<br>AT 2,000% 10/02 THRU 10/20</td><td></td><td></td><td>2.0000</td><td></td><td>312.55</td></tr></tbody></table>

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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

7 of 8

HERITAGE INTERESTS

## **Transaction Detail** (continued)

STATEMENT PERIOD September 29, 2001



INTEREST (continued)



THROUGH October 26, 2001

ACCOUNT NUMBER

<table><thead><tr><th>DATE</th><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>RATE (%)</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>10/22/01</td><td>SHT ACCT FEE 09/21-10 20 01</td><td></td><td></td><td></td><td></td><td>1,825.19</td></tr><tr><td>TOTAL</td><td></td><td></td><td></td><td></td><td></td><td>$2,384.48</td></tr></tbody></table>

TAXPAYER NUMBER On File

| LAST STATEMENT | September 28, 2001 |

| :--- | :--- |

## MISCELLANEOUS

<table><thead><tr><th>DATE MO/DAY</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>10/01/01</td><td>JOURNAL</td><td>MARK TO MARKET</td><td>99,999.00</td><td></td></tr><tr><td>10/01/01</td><td>JOURNAL</td><td>MARK TO MARKET SHORT POS</td><td></td><td>99,999.00</td></tr><tr><td>10/08/01</td><td>JOURNAL</td><td>MARK TO MARKET</td><td>9,530.00</td><td></td></tr><tr><td>10/08/01</td><td>JOURNAL</td><td>MARK TO MARKET SHORT POS</td><td></td><td>9,530.00</td></tr><tr><td>10/15/01</td><td>JOURNAL</td><td>MARK TO MARKET</td><td></td><td>3,349.00</td></tr><tr><td>10/15/01</td><td>JOURNAL</td><td>MARK TO MARKET SHORT POS</td><td>3,349.00</td><td></td></tr><tr><td>10/22/01</td><td>JOURNAL</td><td>MARK TO MARKET</td><td></td><td>11,930.00</td></tr><tr><td>10/22/01</td><td>JOURNAL</td><td>MARK TO MARKET SHORT POS</td><td>11,930.00</td><td></td></tr><tr><td colspan="3">TOTAL</td><td>-124,808.00</td><td>$124,808.00</td></tr></tbody></table>

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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 messages



We are pleased to announce that we have moved our world headquarters, previously located at 245 Park Avenue, to:



383 Madison Avenue

New York, New York 10179





CLEARED THROUGH ITS

CLEARLY WOUNDED SUBSIDIARY



While our telephone numbers and e-mail addresses remain the same, some fax numbers have changed. Please check with your Account Executive.

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859



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



HERITAGE INTERESTS

ACCOUNT NUMBER

STATEMENT PERIOD September 29, 2001

TAXPAYER NUMBER On File

THROUGH October 26, 2001

| LAST STATEMENT | September 28, 2001 |

| :--- | :--- |

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