Financial record, 2001-05-25

EFTA00197655¶

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

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSIDIARY¶

| | |¶

| :--- | :--- |¶

| ACCOUNT EXECUTIVE | GREENBERG,ALAN C. |¶

| TELEPHONE | |¶

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

Financial Summary	3
Your Portfolio Holdings	4
Transaction Detail	5

What’s In This Statement¶

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, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

INSTITUTIONAL INTERESTS A/C #2¶

STATEMENT PERIOD April 28, 2001¶

THROUGH May 25, 2001¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | April 27, 2001 |¶

| :--- | :--- |¶

Your Portfolio at a Glance¶

TOTAL VALUE OF SECURITIES THIS PERIOD	22,675,850
NET CREDIT BALANCE	10,604
NET EQUITY THIS PERIOD	$22,686,454
NET EQUITY LAST STATEMENT	22,174,225
CHANGE SINCE LAST STATEMENT	512,229

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

Market Value of Your Portfolio¶

In an effort to deliver statements to you more efficiently, Bear Stearns has enhanced the distribution of statements to household accounts.¶

Beginning in June, all statements with the same Address and Social Security number / Taxpayer identification number will be mailed in a single envelope. For further details, please contact your account executive.¶

Important Message¶

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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EFTA00197656¶

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶

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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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EFTA00197657¶

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¶

	THIS PERIOD
OpeningBalance	$949,949.76
Securities Sold	17,424.41
Dividends/Interest	28,245.21
Amount Credited	$45,669.62
Securities Bought	-985,015.13
Amount Debited	$-985,015.13
Net Cash Activity	-939,345.51
Closing Balance	$10,604.25

Cash Balance Summary¶

	OPENING	CLOSING
Cash	949,949.76	10,604.25
Net Cash Balance	$949,949.76	$10,604.25

Income Summary¶

	THIS PERIOD	YEAR TO DATE
Dividends	27,000.00	114,470.00
Credit Balance Int.	1,245.21	6,023.79
Total	$28,245.21	$120,493.79

Portfolio Composition¶

Cash/Cash Equivalent	10,604
Equities	22,675,850
Total	$22,686,454

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	April 28, 2001
THROUGH	May 25, 2001

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

Your Portfolio Allocation¶

| LAST STATEMENT | April 27, 2001 |¶

| :--- | :--- |¶

05/26/01;10:08 001¶

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

EFTA00197658¶

BEAR STEARNS¶

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

4 of 6¶

Your Portfolio Holdings¶

CASH & CASH EQUIVALENTS¶

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME
CASH BALANCE				10,604
TOTAL CASH & CASH EQUIVALENTS				$10,604

EQUITIES¶

Equities & Options¶

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
AMERICAN HOME PRODUCTS CORP	AHP	CASH	20,000	61.0000	1,220,000	18,400	1.5082
AMERICAN INTERNATIONAL GROUP INC	AIG	CASH	20,000	82.3100	1,646,200	3,360	0.2041
BANK OF AMER CORP	BAC	CASH	25,000	58.7100	1,467,750	56,000	3.8154
BRISTOL MYERS SQUIBB CO	BMY	CASH	20,000	54.2000	1,084,000	22,000	2.0295
GOLDMAN SACHS GROUP INC	GS	CASH	10,000	97.9600	979,600	4,800	0.4900
INTERNATIONAL BUSINESS MACHINES CORP	IBM	CASH	10,000	117.8000	1,178,000	5,600	0.4754
JP MORGAN CHASE & CO	JPM	CASH	37,500	48.7000	1,826,250	51,000	2.7926
JOHNSON& JOHNSON	JNJ	CASH	25,000	97.2500	2,431,250	36,000	1.4807
MBNA CORP	KRB	CASH	70,000	36.8600	2,580,200	25,200	0.9767
MORGAN STANLEY DEAN WITTER & CO	MWD	CASH	20,000	69.4800	1,389,600	18,400	1.3241
PFIZER INC	PFE	CASH	75,000	41.8600	3,139,500	33,000	1.0511
PROCTER & GAMBLE CO	PG	CASH	25,000	63.5000	1,587,500	35,000	2.2047

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 April 28, 2001¶

THROUGH May 25, 2001¶

AGCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | April 27, 2001 |¶

| :--- | :--- |¶

027¶

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EFTA00197659¶

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 (continued)¶

Equities & Options (continued)¶

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD(%)
VIACOM INC-CL B	VIAB	CASH	37,000	58.0000	2,146,000
Total Equities&Options					$22,675,850	$308,760
TOTAL EQUITIES					$22,675,850	$308,760

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

YOUR TOTAL ESTIMATED ANNUAL INCOME	$308,760
YOUR PRICED PORTFOLIOHOLDINGS	$22,686,454

Bear, Steams Securities Corp.¶

One Metrotech Center North Brooklyn, New York 11201-3859¶

INVESTMENT ACTIVITY¶

Transaction Detail¶

INSTITUTIONAL INTERESTS A/C #2¶

STATEMENT PERIOD April 28, 2001¶

THROUGH May 25, 2001¶

AGCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
05/08/01	05/03/01	BOUGHT	GOLDMAN SACHS GROUP INC AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT	GS	10,000	96.58750	971,015.13
05/25/01	05/21/01	BOUGHT	PEABODY ENERGY CORPORATION SOLICITED PROSPECTUS UNDER SEPARATE MAIL AS OF 05/21/01	BTU	500	28.00000	14,000.00
05/25/01	05/22/01	SOLD	PEABODY ENERGY CORPORATION SOLICITED AS OF 05/22/01	BTU	-500	35.00000		17,424.41
TOTAL						$-985,015.13	$17,424.41

| LAST STATEMENT | April 27, 2001 |¶

| :--- | :--- |¶

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EFTA00197660¶

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¶

6 of 6¶

INSTITUTIONAL INTERESTS A/C #2¶

Transaction Detail (continued)¶

STATEMENT PERIOD April 28, 2001¶

DIVIDENDS¶

THROUGH May 25, 2001¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | April 27, 2001 |¶

| :--- | :--- |¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	DEBIT AMOUNT	CREDIT AMOUNT
04/30/01	J P MORGAN CHASE & CO REC 04/06/01 PAY 04/30/01	JPM	37,500	0.3400		12,750.00
05/01/01	BRISTOL MYERS SQUIBB CO REC 04/06/01 PAY 05/01/01	BMY	20,000	0.2750		5,500.00
05/15/01	PROCTER & GAMBLE CO REC 04/20/01 PAY 05/15/01	PG	25,000	0.3500		8,750.00
TOTAL						$27,000.00

INTEREST¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
05/21/01	INTEREST ON CREDIT BALANCE AT 2 1/2% 05/15 THRU 05/20			2.5000		2.47
05/21/01	INTEREST ON CREDIT BALANCE AT 3,000% 04/21 THRU 05/14			3.0000		1,242.74
TOTAL						$1,245.21

******* End of Statement*******¶

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