EFTA00197517

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 |



CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY



## What’s In This Statement

<table border="1"><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></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

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

HERITAGE INTERESTS

STATEMENT PERIOD March 31, 2001

ACCOUNT NUMBER

TAXPAYER NUMBER On File

THROUGH April 27, 2001

| LAST STATEMENT | March 30, 2001 |

| :--- | :--- |

## Your Portfolio at a Glance

<table border="1"><tr><td>TOTAL VALUE OF SECURITIES THIS PERIOD</td><td>10,940,754</td></tr><tr><td>NET CREDIT BALANCE</td><td>1,823,296</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$12,764,050</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>14,295,959</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>-1,531,909</td></tr></table>

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

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.

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY

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

HERITAGE INTERESTS

STATEMENT BACKER IS PRINTED ON THIS PAGE

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EFTA00197519



BEAR
STEARNS


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

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Cash Flow Analysis

<table border="1"><tr><td></td><td>THIS PERIOD</td></tr><tr><td>OpeningBalance</td><td>$3,448,871.98</td></tr><tr><td>Funds Deposited</td><td>839.00</td></tr><tr><td>Dividends/Interest</td><td>48,522.26</td></tr><tr><td>Amount Credited</td><td>$49,361.26</td></tr><tr><td>Funds Withdrawn</td><td>-1,670,000.00</td></tr><tr><td>Dividends/Interest Charged</td><td>-4,937.50</td></tr><tr><td>Amount Debited</td><td>$-1,674,937.50</td></tr><tr><td>Net Cash Activity</td><td>-1,625,576.24</td></tr><tr><td>Closing Balance</td><td>$1,823,295.74</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>908,704.60</td><td>6,537.09</td></tr><tr><td>Margin</td><td>1,422,007.20</td><td>563,648.30</td></tr><tr><td>Short</td><td>1,118,160.18</td><td>1,253,110.35</td></tr><tr><td>Net Cash Balance</td><td>$3,448,871.98</td><td>$1,823,295.74</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>35,684.61</td><td>77,186.32</td></tr><tr><td>Credit Balance Int.</td><td>8,438.98</td><td>22,148.56</td></tr><tr><td>Total</td><td>$44,123.59</td><td>$99,334.88</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>1,823,296</td></tr><tr><td>Equities</td><td>1,523,270</td><td>12,464,024</td></tr><tr><td>Total</td><td>$1,523,270</td><td>$14,287,320</td></tr></table>

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

HERITAGE INTERESTS

<table><thead><tr><th>STATEMENT PERIOD</th><td>March 31, 2001</td></tr></thead><tbody><tr><td>THROUGH</td><td>April 27, 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>March 30, 2001</td></tr></tbody></table>

Your Portfolio Allocation

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.
245 Park Avenue
New York, New York 10167

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## 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></tr></thead><tbody><tr><td>CASH BALANCE</td><td></td><td></td><td></td><td>1,823,296</td><td></td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$1,823,296</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>MEDTRONIC INC</td><td>MDT</td><td>CASH</td><td>113,961</td><td>44.2500</td><td>5,042,774</td><td>22,792</td><td>0.4520</td></tr><tr><td>PNC FINANCIAL SVCS GROUP INC</td><td>PNC</td><td>CASH</td><td>62,472</td><td>66.1800</td><td>4,134,397</td><td>119,946</td><td>2.9012</td></tr><tr><td>PNC FINANCIAL SVCS GROUP INC</td><td>PNC</td><td>SHRT</td><td>-10,000</td><td>66.1800</td><td>-661,800</td><td>-19,200</td><td>2.9012</td></tr><tr><td>TYCO INTERNATIONAL LTD</td><td>TYC</td><td>CASH</td><td>61,128</td><td>53.7700</td><td>3,286,853</td><td>3,056</td><td>0.0930</td></tr><tr><td>TYCO INTERNATIONAL LTD</td><td>TYC</td><td>SHRT</td><td>-11,000</td><td>53.7700</td><td>-591,470</td><td>-550</td><td>0.0930</td></tr><tr><td>CALL TYCO INTL OCT 055**** EXP 10/20/2001</td><td>TYCJ55</td><td>CASH</td><td>-500</td><td>5.4000</td><td>-270,000</td><td></td><td></td></tr><tr><td>Total Equities&amp; Options</td><td></td><td></td><td></td><td></td><td>$10,940,754</td><td>$126,044</td><td></td></tr><tr><td>TOTAL EQUITIES</td><td></td><td></td><td></td><td></td><td>$10,940,754</td><td>$126,044</td><td></td></tr></tbody></table>

<table border="1"><tr><td>YOUR TOTAL ESTIMATED ANNUAL INCOME</td><td>$126,044</td></tr><tr><td>YOUR PRICED PORTFOLIOHOLDINGS</td><td>$12,764,049</td></tr></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY



Bear, Steams Securities Corp.

One Metrotech Center North Brooklyn, New York 11201-3859

STATEMENT PERIOD March 31, 2001

HERITAGE INTERESTS

AGCOUNT NUMBER

THROUGH April 27, 2001

TAXPAYER NUMBER On File

| LAST STATEMENT | March 30, 2001 |

| :--- | :--- |

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BEAR
STEARNS


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

**5 of 6**



CLEARED THROUGH ITS

CLEARLY WOUNDED SUBSIDIARY





Transaction Detail


DEPOSITS AND WITHDRAWALS

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

## 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>04/16/01</td><td>PNC FINANCIAL SVCS GROUP INC<br>DIV CHG 10000 SHS SHORT<br>REC 04/13/01 PAY 04/24/01</td><td>PNC</td><td></td><td></td><td>4,800.00</td><td></td></tr><tr><td>04/24/01</td><td>PNC FINANCIAL SVCS GROUP INC<br>REC 04/13/01 PAY 04/24/01</td><td>PNC</td><td>62,472</td><td>0.4800</td><td></td><td>29,986.56</td></tr><tr><td>04/26/01</td><td>TYCO INTERNATIONAL LTD<br>DIV CHG 11000 SHS SHORT<br>REC 04/02/01 PAY 05/02/01</td><td>TYC</td><td></td><td></td><td>137.50</td><td></td></tr><tr><td>04/27/01</td><td>MEDTRONIC INC<br>REC 04/06/01 PAY 04/27/01</td><td>MDT</td><td>113,961</td><td>0.0500</td><td></td><td>5,698.05</td></tr><tr><td colspan="5">TOTAL</td><td>-4,937.50</td><td>$35,684.61</td></tr></tbody></table>

STATEMENT PERIOD March 31, 2001

HERITAGE INTERESTS



ACCOUNT NUMBER



THROUGH April 27, 2001

| LAST STATEMENT | March 30, 2001 |

| :--- | :--- |

TAXPAYER NUMBER On File

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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



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HERITAGE INTERESTS

## **Transaction Detail** (continued)

STATEMENT PERIOD March 31, 2001



INTEREST


THROUGH April 27, 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>04/23/01</td><td>INTEREST ON CREDIT BALANCE AT 4,000% 04/18 THRU 04/20</td><td></td><td></td><td>4.0000</td><td></td><td>696.34</td></tr><tr><td>04/23/01</td><td>INTEREST ON CREDIT BALANCE AT 4 1/2% 03/21 THRU 04/17</td><td></td><td></td><td>4.5000</td><td></td><td>7,742.64</td></tr><tr><td>04/23/01</td><td>SHT ACCT FEE 03/21-04 20 01</td><td></td><td></td><td></td><td></td><td>4,398.67</td></tr><tr><td colspan="6">TOTAL</td><td>$12,837.65</td></tr></tbody></table>

| LAST STATEMENT | March 30, 2001 |

| :--- | :--- |

TAXPAYER NUMBER On File

## 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>04/02/01</td><td>JOURNAL</td><td>MARK TO MARKET</td><td>34,869.00</td><td></td></tr><tr><td>04/02/01</td><td>JOURNAL</td><td>MARK TO MARKET SHORT POS</td><td></td><td>34,869.00</td></tr><tr><td>04/09/01</td><td>JOURNAL</td><td>MARK TO MARKET</td><td></td><td>16,879.00</td></tr><tr><td>04/09/01</td><td>JOURNAL</td><td>MARK TO MARKET SHORT POS</td><td>16,879.00</td><td></td></tr><tr><td>04/16/01</td><td>JOURNAL</td><td>MARK TO MARKET</td><td>53,699.00</td><td></td></tr><tr><td>04/16/01</td><td>JOURNAL</td><td>MARK TO MARKET SHORT POS</td><td></td><td>53,699.00</td></tr><tr><td>04/23/01</td><td>JOURNAL</td><td>MARK TO MARKET</td><td>63,800.00</td><td></td></tr><tr><td>04/23/01</td><td>JOURNAL</td><td>MARK TO MARKET SHORT POS</td><td></td><td>63,800.00</td></tr><tr><td>04/24/01</td><td>JOURNAL</td><td>JOURNAL FROM TYPE 2 TO 1</td><td></td><td>722,869.90</td></tr><tr><td>04/24/01</td><td>JOURNAL</td><td>JOURNAL FROM TYPE 2 TO 1</td><td>722,869.90</td><td></td></tr><tr><td>TOTAL</td><td></td><td></td><td>-892,116.90</td><td>$892,116.90</td></tr></tbody></table>



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


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