Bear Stearns brokerage statement for a St. Thomas trust entity, March 2001

EFTA00197667¶

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 |¶

What’s In This Statement¶

Financial Summary	3
Your Portfolio Holdings	3
Transaction Detail	5
Your Messages	6

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 February 24, 2001¶

THROUGH March 30, 2001¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER 31-6412006¶

| LAST STATEMENT | February 23, 2001 |¶

| :--- | :--- |¶

Your Portfolio at a Glance¶

TOTAL VALUE OF SECURITIES THIS PERIOD	20,425,390
NET CREDIT BALANCE	195,687
NET EQUITY THIS PERIOD	$20,621,077
NET EQUITY LAST STATEMENT	22,090,572
CHANGE SINCE LAST STATEMENT	-1,469,494

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

Market Value of Your Portfolio¶

Decimal Trading is Here for Nasdaq!¶

Decimal Trading is the shift from fractional pricing (e.g. 21 1/2) to decimal pricing (e.g.$21.50) for equities and options.¶

Nasdaq securities have been phased in during March and the remaining securities are scheduled to be trading in decimals in April.¶

Important Notice¶

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.¶

For details, visit our website at www.bearstearns.com.¶

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 03/31/01;17:01 001 V466¶

EFTA00197668¶

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶

2 of 6¶

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

INSTITUTIONAL INTERESTS A/C #2¶

STATEMENT BACKER IS PRINTED ON THIS PAGE¶

027	03/31/01;17:01 001	V466

EFTA00197669¶

BEAR STEARNS¶

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

3 of 6¶

Cash Flow Analysis¶

	THIS PERIOD
OpeningBalance	$158,276.50
Dividends/Interest	37,410.86
Amount Credited	$37,410.86
Net Cash Activity	37,410.86
ClosingBalance	$195,687.36

Cash Balance Summary¶

	OPENING	CLOSING
Cash	158,276.50	195,687.36
Net Cash Balance	$158,276.50	$195,687.36

Income Summary¶

	THIS PERIOD	YEAR TO DATE
Dividends	36,890.00	74,090.00
Credit Balance Int.	520.86	4,175.78
Total	$37,410.86	$78,265.78

CASH & CASH EQUIVALENTS¶

Your Portfolio Holdings¶

Portfolio Composition¶

Cash/Cash Equivalent	195,687
Equities	20,425,390
Total	$20,621,077

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME
CASH BALANCE				195,687
TOTAL CASH & CASH EQUIVALENTS				$195,687

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

Bear, Steams Securities Corp.¶

One Metratech Center North Brooklyn, New York 112D1-3859¶

INSTITUTIONAL INTERESTS A/C #2¶

STATEMENT PERIOD	February 24, 2001
THROUGH	March 30, 2001

ACCOUNT NUMBER
TAXPAYER NUMBER	31-6412006
LAST STATEMENT	February 23, 2001

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.¶

03/31/01;17:01	001	V466

EFTA00197670¶

BEAR STEARNS¶

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

4 of 6¶

Your Portfolio Holdings (continued)¶

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	58.7500	1,175,000	18,400	1.5660
AMERICAN INTERNATIONAL GROUP INC	AIG	CASH	20,000	80.5000	1,610,000	2,960	0.1839
BANK OF AMER CORP	BAC	CASH	25,000	54.7500	1,368,750	56,000	4.0913
BRISTOL MYERS SQUIBB CO	BMY	CASH	20,000	59.4000	1,188,000	22,000	1.8519
INTERNATIONAL BUSINESS MACHINES CORP	IBM	CASH	10,000	96.1800	961,800	5,200	0.5407
J P MORGAN CHASE & CO	JPM	CASH	37,500	44.9000	1,683,750	51,000	3.0290
JOHNSON & JOHNSON	JNJ	CASH	25,000	87.4700	2,186,750	32,000	1.4634
MBNA CORP	KRB	CASH	72,000	33.1000	2,383,200	25,920	1.0876
MORGAN STANLEY DEAN WITTER & CO	MWD	CASH	30,000	53.5000	1,605,000	27,600	1.7196
PFIZER INC	PFE	CASH	75,000	40.9500	3,071,250	33,000	1.0745
PROCTER & GAMBLE CO	PG	CASH	25,000	62.6000	1,565,000	35,000	2.2364
VIACOM INC-CL B	VIAB	CASH	37,000	43.9700	1,626,890
Total Equities& Options					$20,425,390	$309,080
TOTAL EQUITIES					$20,425,390	$309,080

YOUR TOTAL ESTIMATED ANNUAL INCOME	$309,080
YOUR PRICED PORTFOLIOHOLDINGS	$20,621,077

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 February 24, 2001¶

THROUGH March 30, 2001¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER 31-6412006¶

| LAST STATEMENT | February 23, 2001 |¶

| :--- | :--- |¶

027¶

03/31/01;17:01 001¶

V466¶

EFTA00197671¶

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¶

5 of 6¶

INSTITUTIONAL INTERESTS A/C #2¶

Transaction Detail¶

DIVIDENDS¶

STATEMENT PERIOD February 24, 2001¶

THROUGH March 30, 2001¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER 31-6412006¶

| LAST STATEMENT | February 23, 2001 |¶

| :--- | :--- |¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	DEBIT AMOUNT	CREDIT AMOUNT
03/01/01	AMERICAN HOME PRODUCTS CORP REC 02/13/01 PAY 03/01/01	AHP	20,000	0.2300		4,600.00
03/08/01	PFIZER INC REC 02/16/01 PAY 03/08/01	PFE	75,000	0.1100		8,250.00
03/12/01	INTERNATIONAL BUSINESS MACHINES CORP REC 02/09/01 PAY 03/10/01	IBM	10,000	0.1300		1,300.00
03/13/01	JOHNSON & JOHNSON REC 02/20/01 PAY 03/13/01	JNJ	25,000	0.3200		8,000.00
03/16/01	AMERICAN INTERNATIONAL GROUP INC REC 03/02/01 PAY 03/16/01	AIG	20,000	0.0370		740.00
03/23/01	BANK OF AMER CORP REC 03/02/01 PAY 03/23/01	BAC	25,000	0.5600		14,000.00
TOTAL						$36,890.00

INTEREST¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
03/21/01	INTEREST ON CREDIT BALANCE AT 3 1/2% 03/20 THRU 03/20			3.5000		17.61
03/21/01	INTEREST ON CREDIT BALANCE AT 4,000% 02/21 THRU 03/19			4.0000		503.25
TOTAL						$520.86

027¶

03/31/01;17:01 001¶

V466¶

EFTA00197672¶

BEAR STEARNS¶

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

6 of 6¶

Your messages¶

Bear, Stearns Securities Corp. Net Capital and Net Capital Requirements:¶

At November 30, 2000 and January 26, 2001, the Company’s net capital of $2,620,960,000 and $2,761,817,000 was approximately 9% and 10% of aggregate debit items and exceeded the minimum regulatory net capital requirement of $572,456,000 and $559,381,000 by $2,048,504,000 and $2,202,436,000, all respectively.¶

A complete copy of the Bear, Stearns Securities Corp. Statement of Financial Condition is available on the web site www.bearstearns.com. Alternatively, to request a free printed copy please call toll free 1-866-299-9331.¶

CLEARED THROUGH ITS¶

CLEARLY WOUNDED SUBSIDIARY¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

******* End of Statement*******¶

INSTITUTIONAL INTERESTS A/C #2¶

| STATEMENT PERIOD | February 24, 2001 |¶

| :--- | :--- |¶

| THROUGH | March 30, 2001 |¶

| | |¶

| :--- | :--- |¶

| ACCOUNT NUMBER | |¶

| TAXPAYER NUMBER | 31-6412006 |¶

| LAST STATEMENT | February 23, 2001 |¶

027¶

03/31/01;17:01 001¶

V466¶