Bear Stearns brokerage statement for a trust account, July–August 2001

EFTA00197490¶

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167¶

| | |¶

| :--- | :--- |¶

| 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	5
Fund Activity	5

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSIDIARY¶

HERITAGE INTERESTS¶

FINANCIAL TRUST CO TTEE¶

DTD 7-30-91 *¶

ATTN JEANIE BRENNAN¶

6100 RED HOOK QUARTER STE B-3¶

ST THOMAS VI 00802¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

Your Portfolio at a Glance¶

STATEMENT PERIOD July 28, 2001¶

HERITAGE INTERESTS¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

THROUGH August 31, 2001¶

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

| LAST STATEMENT | July 27, 2001 |¶

| :--- | :--- |¶

TOTAL VALUE OF SECURITIES THIS PERIOD	2,535,000
NET CREDIT BALANCE	1,370,713
MONEY MARKET FUND BALANCE	4,227,509
NET EQUITY THIS PERIOD	$8,133,222
NET EQUITY LAST STATEMENT	19,522,442
CHANGE SINCE LAST STATEMENT	-11,389,220

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.
027	09/01/01:10:37 001

EFTA00197491¶

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶

2 of 8¶

Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859¶

HERITAGE INTERESTS¶

STATEMENT BACKER IS PRINTED ON THIS PAGE¶

027¶

EFTA00197492¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167¶

3 of 8¶

Cash Flow Analysis¶

	THIS PERIOD
OpeningBalance	$1,399,797.60
Securities Sold	6,715,839.56
Money Fund	11,223,138.34
Dividends/Interest	7,138.80
Amount Credited	$17,946,116.70
Money Fund	-6,823,138.34
Funds Withdrawn	-11,151,925.40
Dividends/Interest Charged	-137.50
Amount Debited	$-17,975,201.24
Net Cash Activity	-29,084.54
ClosingBalance	$1,370,713.06

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¶

	OPENING	CLOSING
Cash	76,465.02	44,041.74
Margin	104,018.30	55,172.30
Short	1,219,314.28	1,271,499.02
Net Cash Balance	$1,399,797.60	$1,370,713.06

Income Summary¶

	THIS PERIOD	YEAR TO DATE
Dividends	23,902.44	142,763.22
Credit Balance Int.	2,898.46	27,450.60
Total	$26,800.90	$170,213.82

Portfolio Composition¶

	SHORT	LONG
Cash/Cash Equivalent		5,598,222
Equities	1,299,850	3,834,850
Total	$1,299,850	$9,433,072

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

HERITAGE INTERESTS¶

STATEMENT PERIOD	July 28, 2001
THROUGH	August 31, 2001
ACCOUNT NUMBER
TAXPAYER NUMBER	On File
LAST STATEMENT	July 27, 2001

Your Portfolio Allocation¶

09/01/01;10:37 001¶

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

EFTA00197493¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167¶

4 of 8¶

Your Portfolio Holdings¶

CASH & CASH EQUIVALENTS¶

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
CASH BALANCE				1,370,713
DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES	DICCX	4,227,509.38	1.0000	4,227,509	164,873	3.9000
TOTAL CASH & CASH EQUIVALENTS				$5,598,222	$164,873

EQUITIES¶

Equities & Options¶

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
PNC FINANCIAL SVCS GROUP INC	PNC	CASH	10,000	66.5900	665,900	19,200	2.8833
PNC FINANCIAL SVCS GROUP INC	PNC	SHRT	-10,000	66.5900	-665,900	-19,200	2.8833
TYCO INTERNATIONAL LTD	TYC	CASH	61,000	51.9500	3,168,950	3,050	0.0962
TYCO INTERNATIONAL LTD	TYC	SHRT	-11,000	51.9500	-571,450	-550	0.0962
CALL TYCO INTL OCT 055**** EXP 10/20/2001	TYCJ55	CASH	-500	1.2500	-62,500
Total Equities& Options					$2,535,000	$2,500
TOTAL EQUITIES					$2,535,000	$2,500

YOUR TOTAL ESTIMATED ANNUAL INCOME	$167,373
YOUR PRICED PORTFOLIOHOLDINGS	$8,133,222

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

Bear, Steams Securities Corp.¶

One Metratech Center North¶

Brooklyn, New York 11201-3859¶

STATEMENT PERIOD July 28, 2001¶

HERITAGE INTERESTS¶

THROUGH August 31, 2001¶

AGCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | July 27, 2001 |¶

| :--- | :--- |¶

027¶

09/01/01;10:37 001¶

EFTA00197494¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167¶

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶

Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859¶

5 of 8¶

HERITAGE INTERESTS¶

Transaction Detail¶

INVESTMENT ACTIVITY¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
08/07/01	08/02/01	SOLD	MEDTRONIC INC WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE	MDT	-33,961	46.38850		1,573,307.17
08/07/01	08/02/01	SOLD	PNC FINANCIAL SVCS GROUP INC UNSOLICITED	PNC	-22,472	67.02320		1,504,744.32
08/08/01	08/03/01	SOLD	MEDTRONIC INC WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE UNSOLICITED	MDT	-80,000	45.53390		3,637,788.07
TOTAL								$6,715,839.56

DEPOSITS AND WITHDRAWALS¶

DATE	TRANSACTION	DESCRIPTION	DEBIT AMOUNT	CREDIT AMOUNT
08/03/01	FND WIRED	MDA CHASE MANHATTAN BANK N.A. ($ COMING FROM DREYFUS)	8,280,000.00
08/30/01	FND WIRED	MDA CHASE MANHATTAN BANK N.A. $ COMING FROM DREYFUS	2,871,925.40
TOTAL			-11,151,925.40

MONEY FUND ACTIVITY¶

DATE MO/DAY	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUN
07/28/01		OPENINGBALANCE		8,604,371.04

027¶

09/01/01;10:37 001¶

EFTA00197495¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167¶

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶

Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859¶

HERITAGE INTERESTS¶

	STATEMENT PERIOD	July 28, 2001
	THROUGH	August 31, 2001
Transaction Detail (continued)
	ACCOUNT NUMBER
	TAXPAYER NUMBER	On File
MONEY FUND ACTIVITY (continued)	LAST STATEMENT	July 27, 2001

DATE MOIDAY	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
08/01/01	DIVIDEND	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND	DICCX				23,138.34
08/01/01	REINVEST	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVESTED	DICCX	23,138.34		23,138.34
08/03/01	SOLD	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES SELL FD	DICCX	-8,300,000	1.0000		8,300,000.00
08/08/01	BOUGHT	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES BUY FD	DICCX	3,000,000	1.0000	3,000,000.00
08/13/01	BOUGHT	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES S/D BUY	DICCX	3,800,000	1.0000	3,800,000.00
08/30/01	SOLD	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES SELL FD	DICCX	-2,900,000	1.0000		2,900,000.00
08/31/01		CLOSINGBALANCE		4,227,509.38
TOTAL						$-6,823,138.34	$11,223,138.34

DIVIDENDS¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	DEBIT AMOUNT	CREDIT AMOUNT
08/01/01	TYCO INTERNATIONAL LTD	TYC	61,128	0.0125		764.10
	REC 07/02/01 PAY 08/01/01

027¶

09/01/01;10:37 001¶

EFTA00197496¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167¶

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 July 28, 2001¶

DIVIDENDS (continued)¶

THROUGH August 31, 2001¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | July 27, 2001 |¶

| :--- | :--- |¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	DEBIT AMOUNT	CREDIT AMOUNT
08/01/01	TYCO INTERNATIONAL LTD DIV CHG 11000 SHS SHORT REC 07/02/01 PAY 08/01/01	TYC			137.50
TOTAL					-137.50	$764.10

INTEREST¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
08/21/01	INTEREST ON CREDIT BALANCE AT 3 1/4% 07/21 THRU 08/20			3.2500		2,898.46
08/21/01	SHT ACCT FEE 07/21-08/20 01					3,476.24
TOTAL						$6,374.70

MISCELLANEOUS¶

DATE MO/DAY	TRANSACTION	DESCRIPTION	DEBIT AMOUNT	CREDIT AMOUNT
07/30/01	JOURNAL	MARK TO MARKET	15,965.00
07/30/01	JOURNAL	MARK TO MARKET SHORT POS		15,965.00
08/06/01	JOURNAL	MARK TO MARKET	19,648.00
08/06/01	JOURNAL	MARK TO MARKET SHORT POS		19,648.00
08/13/01	JOURNAL	MARK TO MARKET	11,980.00
08/13/01	JOURNAL	MARK TO MARKET SHORT POS		11,980.00
08/20/01	JOURNAL	MARK TO MARKET		11,509.00
08/20/01	JOURNAL	MARK TO MARKET SHORT POS	11,509.00
08/27/01	JOURNAL	MARK TO MARKET	12,762.00

027¶

09/01/01;10:37 001¶

EFTA00197497¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167¶

8 of 8¶

Transaction Detail (continued)¶

MISCELLANEOUS (continued)¶

DATE MO/DAY	TRANSACTION	DESCRIPTION	DEBIT AMOUNT	CREDIT AMOUNT
08/27/01	JOURNAL	MARK TO MARKET SHORT POS		12,762.00
TOTAL			-$71,864.00	$71,864.00

******* End of Statement*******¶

CLEARED THROUGH ITS¶

CLEARLY WOUNDED SUBSIDIARY¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

HERITAGE INTERESTS¶

STATEMENT PERIOD July 28, 2001¶

THROUGH August 31, 2001¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | July 27, 2001 |¶

| :--- | :--- |¶

027¶

09/01/01;10:37 001¶