Brokerage statement for an institutional interests account, December 2001

Statements¶

EFTA00197608¶

OFFICE SERVICING YOUR ACCOUNT¶

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

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶

| ACCOUNT EXECUTIVE | GREENBERG,ALAN C. |¶

| :--- | :--- |¶

| TELEPHONE | (212)272-4605 |¶

| VISIT OUR WEBSITE | www.bearstearns.com |¶

Financial Summary 3¶

Your Portfolio Holdings 4¶

Transaction Detail … 5¶

What’s In This Statement¶

Your Messages … 7¶

INSTITUTIONAL INTERESTS A/C #2¶

C/O FINANCIAL TRUST COMPANY¶

ATTN LARRY KEMP¶

6100 RED HOOK QUARTER¶

SUITE B-3¶

ST THOMAS VI 00802¶

Bear, Stearns Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

INSTITUTIONAL INTERESTS A/C #2¶

STATEMENT PERIOD December 1, 2001¶

ACCOUNT NUMBER¶

THROUGH December 31, 2001¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | November 30, 2001 |¶

| :--- | :--- |¶

Your Portfolio at a Glance¶

TOTAL VALUE OF SECURITIES THIS PERIOD	21,096,865
NET CREDIT BALANCE	1,309,037
NET EQUITY THIS PERIOD	$22,405,902
NET EQUITY LAST STATEMENT	22,315,774
CHANGE SINCE LAST STATEMENT	90,128

Market Value of Your Portfolio¶

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

Important Message¶

If any information regarding 2001 interest, dividends, miscellaneous income, gross proceeds or original issue discount is required to be reported to the IRS for this account, a Consolidated Form 1099 will be mailed to you by January 31, 2002 or 1042S by March 15, 2002.¶

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 slide for important information.¶

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V519¶

EFTA00197609¶

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶

2 of 7¶

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

STATEMENT BACKER IS PRINTED ON THIS PAGE¶

INSTITUTIONAL INTERESTS A/C #2¶

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EFTA00197610¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

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

3 of 7¶

Cash Flow Analysis¶

	THIS PERIOD
OpeningBalance	$22,074.32
Securities Sold	1,246,916.68
Dividends/Interest	40,046.42
Amount Credited	$1,286,963.10
Net Cash Activity	1,286,963.10
Closing Balance	$1,309,037.42

Cash Balance Summary¶

	OPENING	CLOSING
Cash	22,074.32	1,309,037.42
Net Cash Balance	$22,074.32	$1,309,037.42

Income Summary¶

	THIS PERIOD	YEAR TO DATE
Dividends	40,010.00	308,515.00
Credit Balance Int.	36.42	8,239.66
Total	$40,046.42	$316,754.66

Portfolio Composition¶

Cash/Cash Equivalent	1,309,037
Equities	21,096,865
Total	$22,405,902

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

INSTITUTIONAL INTERESTS A/C #2¶

STATEMENT PERIOD December 1, 2001¶

THROUGH December 31, 2001¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | November 30, 2001 |¶

| :--- | :--- |¶

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.¶

EFTA00197611¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

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

4 of 7¶

Your Portfolio Holdings¶

CASH & CASH EQUIVALENTS¶

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
CASH BALANCE				1,309,037
TOTAL CASH & CASH EQUIVALENTS				$1,309,037

EQUITIES¶

Equities & Options¶

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
AMERICAN HOME PRODUCTS CORP	AHP	CASH	24,000	61.3600	1,472,640	22,080	1.4993
AMERICAN INTERNATIONAL GROUP INC	AIG	CASH	20,000	79.4000	1,588,000	3,360	0.2116
BANK OF AMER CORP	BAC	CASH	25,000	62.9500	1,573,750	60,000	3.8125
CITIGROUP INC	C	CASH	15,000	50.4800	757,200	9,600	1.2678
GOLDMAN SACHS GROUP INC	GS	CASH	12,000	92.7500	1,113,000	5,760	0.5175
INTERNATIONAL BUSINESS MACHINES CORP	IBM	CASH	10,000	120.9600	1,209,600	5,600	0.4630
JP MORGAN CHASE & CO	JPM	CASH	37,500	36.3500	1,363,125	51,000	3.7414
JOHNSON& JOHNSON	JNJ	CASH	50,000	59.1000	2,955,000	36,000	1.2183
MBNA CORP	KRB	CASH	70,000	35.2000	2,464,000	25,200	1.0227
PFIZER INC	PFE	CASH	75,000	39.8500	2,988,750	39,000	1.3049
PROCTER & GAMBLE CO	PG	CASH	25,000	79.1300	1,978,250	38,000	1.9209
VIACOM INC-CL B	VIAB	CASH	37,000	44.1500	1,633,550
Total Equities& Options					$21,096,865	$295,600
TOTAL EQUITIES					$21,096,865	$295,600

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

INSTITUTIONAL INTERESTS A/C #2¶

STATEMENT PERIOD December 1, 2001¶

THROUGH December 31, 2001¶

AGCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | November 30, 2001 |¶

| :--- | :--- |¶

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EFTA00197612¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

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

CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶

5 of 7¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

INSTITUTIONAL INTERESTS A/C #2¶

Your Portfolio Holdings (continued)¶

STATEMENT PERIOD December 1, 2001¶

YOUR TOTAL ESTIMATED ANNUAL INCOME	$295,600
YOUR PRICED PORTFOLIOHOLDINGS	$22,405,902

THROUGH December 31, 2001¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | November 30, 2001 |¶

| :--- | :--- |¶

Transaction Detail¶

INVESTMENT ACTIVITY¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
12/18/01	12/13/01	SOLD	BRISTOL MYERS SQUIBB CO WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE	BMY	-25,000	50.16890		1,246,916.68
TOTAL							$1,246,916.68

DIVIDENDS¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	DEBIT AMOUNT	CREDIT AMOUNT
12/03/01	AMERICAN HOME PRODUCTS CORP REC 11/13/01 PAY 12/01/01	AHP	24,000	0.2300		5,520.00
12/06/01	PFIZER INC REC 11/16/01 PAY 12/06/01	PFE	75,000	0.1100		8,250.00

027¶

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EFTA00197613¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

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

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶

Bear, Steams Securities Corp.¶

One Metratech Center North¶

Brooklyn, New York 11201-3859¶

6 of 7¶

INSTITUTIONAL INTERESTS A/C #2¶

Transaction Detail (continued)¶

DIVIDENDS (continued)¶

STATEMENT PERIOD December 1, 2001¶

THROUGH December 31, 2001¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | November 30, 2001 |¶

| :--- | :--- |¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	DEBIT AMOUNT	CREDIT AMOUNT
12/11/01	INTERNATIONAL BUSINESS MACHINES CORP REC 11/09/01 PAY 12/10/01	IBM	10,000	0.1400		1,400.00
12/11/01	JOHNSON & JOHNSON REC 11/20/01 PAY 12/11/01	JNJ	50,000	0.1800		9,000.00
12/21/01	AMERICAN INTERNATIONAL GROUP INC REC 12/07/01 PAY 12/21/01	AIG	20,000	0.0420		840.00
12/28/01	BANK OF AMER CORP REC 12/07/01 PAY 12/28/01	BAC	25,000	0.6000		15,000.00
TOTAL						$40,010.00

INTEREST¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
12/21/01	INTEREST ON CREDIT BALANCE AT 0 1/2% 11/21 THRU 12/10			0.5000		7.23
12/21/01	INTEREST ON CREDIT BALANCE AT 0 1/4% 12/11 THRU 12/20			0.2500		29.19
TOTAL						$36.42

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EFTA00197614¶

BEAR STEARNS¶

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

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Your messages¶

As part of the National Association of Securities Dealer’s (NASD) Investor Education Program, you may obtain information on the NASD’s Public Disclosure Program by contacting the NASD at telephone number (800) 289-9999 or via the internet address which is www.nasdr.com. In addition, a brochure explaining the Public Disclosure Program is available from the NASD upon request.¶

******* End of Statement*******¶

CLEARED THROUGH ITS¶

CLEARLY WOUNDED SUBSIDIARY¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

INSTITUTIONAL INTERESTS A/C #2¶

STATEMENT PERIOD December 1, 2001¶

THROUGH December 31, 2001¶

ACCOUNT NUMBER¶

| LAST STATEMENT | November 30, 2001 |¶

| :--- | :--- |¶

TAXPAYER NUMBER On File¶

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