Financial Summary	3
Your Portfolio Holdings	4
Transaction Detail	5
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 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns 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.

TOTAL VALUE OF SECURITIES THIS PERIOD	21,496,925
NET CREDIT BALANCE	162,339
NET EQUITY THIS PERIOD	$21,659,264
NET EQUITY LAST STATEMENT	20,515,575
CHANGE SINCE LAST STATEMENT	1,143,689

STATEMENT PERIOD September 29, 2001 TAXPAYER NUMBER On File | LAST STATEMENT | September 28, 2001 | | :--- | :--- | Market Value of Your Portfolio ACCOUNT NUMBER INSTITUTIONAL INTERESTS A/C #2 THROUGH October 26, 2001 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. 027 10/27/01;09:11 001 EFTA00197622 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 #2 027 EFTA00197623 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
Opening Balance	$797,400.32
Dividends/Interest	6,806.59
Amount Credited	$6,806.59
Securities Bought	-641,867.79
Amount Debited	$-641,867.79
Net Cash Activity	-635,061.20
Closing Balance	$162,339.12

Cash Balance Summary

	OPENING	CLOSING
Cash	797,400.32	162,339.12
Net Cash Balance	$797,400.32	$162,339.12

Income Summary

	THIS PERIOD	YEAR TO DATE
Dividends	6,300.00	235,780.00
Credit Balance Int.	506.59	8,108.55
Total	$6,806.59	$243,888.55

Portfolio Composition

Cash/Cash Equivalent	162,339
Equities	21,496,925
Total	$21,659,264

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 | September 29, 200 | | :--- | :--- | | THROUGH | October 26, 2001 | ACCOUNT NUMBER TAXPAYER NUMBER On File Your Portfolio Allocation | LAST STATEMENT | September 28, 2001 | | :--- | :--- | Unshaded portions denote debit balance and/or short market values. The allocation percentage is derived from the absolute market value of your portfolio. EFTA00197624 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				162,339
TOTAL CASH & CASH EQUIVALENTS				$162,339

## EQUITIES Equities & Options

DESCRIPTION	SYMBOL/CUSIP	ACT TYPE	QUANTITY	PRICE	MARKET VALUE		CURRENT YIELD (%)
AMERICAN HOME PRODUCTS CORP	AHP	CASH	24,000	57.9000	1,389,600	22,080	1.5889
AMERICAN INTERNATIONAL GROUP INC	AIG	CASH	20,000	83.8000	1,676,000	3,360	0.2005
BANK OF AMER CORP	BAC	CASH	25,000	60.6500	1,516,250	60,000	3.9571
BRISTOL MYERS SQUIBB CO	BMY	CASH	25,000	55.9600	1,399,000	27,500	1.9657
CITIGROUP INC	C	CASH	15,000	48.5800	728,700	9,600	1.3174
GOLDMAN SACHS GROUP INC	GS	CASH	10,000	83.1200	831,200	4,800	0.5775
INTERNATIONAL BUSINESS MACHINES CORP	IBM	CASH	10,000	111.1600	1,111,600	5,600	0.5038
JP MORGAN CHASE & CO	JPM	CASH	37,500	37.5500	1,408,125	51,000	3.6218
JOHNSON& JOHNSON	JNJ	CASH	50,000	58.6700	2,933,500	36,000	1.2272
MBNA CORP	KRB	CASH	70,000	30.0200	2,101,400	25,200	1.1992
PFIZER INC	PFE	CASH	75,000	42.7000	3,202,500	33,000	1.0304
PROCTER & GAMBLE CO	PG	CASH	25,000	73.3500	1,833,750	38,000	2.0723
VIACOM INC-CL B	VIAB	CASH	37,000	36.9000	1,365,300
Total Equities& Options					$21,496,925	$316,140
TOTAL EQUITIES					$21,496,925	$316,140

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 September 29, 2001 THROUGH October 26, 2001 AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | September 28, 2001 | | :--- | :--- | 027 10/27/01;09:11 001 EFTA00197625 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 September 29, 2001

YOUR TOTAL ESTIMATED ANNUAL INCOME	$316,140
YOUR PRICED PORTFOLIOHOLDINGS	$21,659,264

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT
10/09/01	10/03/01	BOUGHT	CITIGROUP INC DISCRETIONARY ORDER SEE NOTE "S" ON BACK PART OF 15000 SHR	C	5,700	42.58000	244,193.28
10/09/01	10/03/01	BOUGHT	CITIGROUP INC DISCRETIONARY ORDER SEE NOTE "S" ON BACK PART OF 15000 SHR	C	9,300	42.50000	397,674.51
TOTAL						$-641,867.79

027 10/27/01;09:11 001 EFTA00197626 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 7 INSTITUTIONAL INTERESTS A/C #2 ## **Transaction Detail** (continued) STATEMENT PERIOD September 29, 2001 ## DIVIDENDS THROUGH October 26, 2001 ACCOUNT NUMBER

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	CREDIT AMOUNT
10/01/01	MBNA CORP	KRB	70,000	0.0900	6,300.00
10/01/01	REC 09/15/01 PAY 10/01/01
TOTAL					$6,300.00

DATE	DESCRIPTION	RATE (%)	CREDIT AMOUNT
10/22/01	INTEREST ON CREDIT BALANCE AT 0 1/2% 09/21 THRU 09/23	0.5000	32.64
10/22/01	INTEREST ON CREDIT BALANCE AT 1,000% 10/02 THRU 10/20	1.0000	210.22
10/22/01	INTEREST ON CREDIT BALANCE AT 1 1/2% 09/24 THRU 10/01	1.5000	263.73
TOTAL			$506.59

027 10/27/01;09:11 001 V502 EFTA00197627 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 7 of 7 ## 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******* INSTITUTIONAL INTERESTS A/C #2 ACCOUNT NUMBER STATEMENT PERIOD September 29, 2001 THROUGH October 26, 2001 TAXPAYER NUMBER On File | LAST STATEMENT | September 28, 2001 | | :--- | :--- | 027 10/27/01;09:11 001