Bear Stearns brokerage statement for a trust-tied investment account, Feb. 2001

EFTA00197673¶

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

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| ACCOUNT EXECUTIVE | GREENBERG,ALAN C. |¶

| TELEPHONE | |¶

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

What’s In This Statement¶

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, Steams 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.¶

TAXPAYER NUMBER 31-6412006¶

STATEMENT PERIOD January 27,2001¶

INSTITUTIONAL INTERESTS A/C #2¶

ACCOUNT NUMBER¶

| LAST STATEMENT | January 26, 2001 |¶

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THROUGH February 23, 2001¶

TOTAL VALUE OF SECURITIES THIS PERIOD	21,932,295
NET CREDIT BALANCE	158,277
NET EQUITY THIS PERIOD	$22,090,572
NET EQUITY LAST STATEMENT	23,402,471
CHANGE SINCE LAST STATEMENT	-1,311,899

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.¶

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¶

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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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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	$837,324.76
Dividends/Interest	32,361.80
Amount Credited	$32,361.80
Securities Bought	-711,410.06
Amount Debited	$-711,410.06
Net Cash Activity	-679,048.26
ClosingBalance	$158,276.50

Cash Balance Summary¶

	OPENING	CLOSING
Cash	837,324.76	158,276.50
Net Cash Balance	$837,324.76	$158,276.50

Income Summary¶

	THIS PERIOD	YEAR TO DATE
Dividends	30,800.00	37,200.00
Credit Balance Int.	1,561.80	3,654.92
Total	$32,361.80	$40,854.92

Portfolio Composition¶

Cash/Cash Equivalent	158,277
Equities	21,932,295
Total	$22,090,572

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	January 27, 2001
THROUGH	February 23, 2001

ACCOUNT NUMBER
TAXPAYER NUMBER	31-6412006
LAST STATEMENT	January 26, 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.¶

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EFTA00197676¶

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¶

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME
CASH BALANCE				158,277
TOTAL CASH & CASH EQUIVALENTS				$158,277

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	59.0000	1,180,000	18,400	1.5593
AMERICAN INTERNATIONAL GROUP INC	AIG	CASH	20,000	80.8500	1,617,000	2,960	0.1831
BANK OF AMER CORP	BAC	CASH	25,000	49.1400	1,228,500	56,000	4.5584
BRISTOL MYERS SQUIBB CO	BMY	CASH	20,000	61.9400	1,238,800	22,000	1.7759
INTERNATIONAL BUSINESS MACHINES CORP	IBM	CASH	10,000	104.0000	1,040,000	5,200	0.5000
JP MORGAN CHASE & CO	JPM	CASH	37,500	47.0500	1,764,375	48,000	2.7205
JOHNSON & JOHNSON	JNJ	CASH	25,000	95.4900	2,387,250	32,000	1.3405
MBNA CORP	KRB	CASH	72,000	32.5500	2,343,600	25,920	1.1060
MORGAN STANLEY DEAN WITTER & CO	MWD	CASH	30,000	67.0000	2,010,000	27,600	1.3731
PFIZER INC	PFE	CASH	75,000	44.8200	3,361,500	33,000	0.9817
PROCTER & GAMBLE CO	PG	CASH	25,000	75.0300	1,875,750	35,000	1.8659

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 January 27, 2001¶

THROUGH February 23, 2001¶

AGCOUNT NUMBER¶

TAXPAYER NUMBER 31-6412006¶

| LAST STATEMENT | January 26, 2001 |¶

| :--- | :--- |¶

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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 (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	50.9600	1,885,520
Total Equities&Options					$21,932,295	$306,080
TOTAL EQUITIES					$21,932,295	$306,080

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

YOUR TOTAL ESTIMATED ANNUAL INCOME	$306,080
YOUR PRICED PORTFOLIOHOLDINGS	$22,090,571

Bear, Steams Securities Corp.¶

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

INVESTMENT ACTIVITY¶

Transaction Detail¶

INSTITUTIONAL INTERESTS A/C #2¶

STATEMENT PERIOD January 27, 2001¶

THROUGH February 23, 2001¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER 31-6412006¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
02/02/01	01/30/01	BOUGHT	PROCTER & GAMBLE CO DISCRETIONARY ORDER PART OF 10000 SHR	PG	1,000	70.70000	71,096.00
02/02/01	01/30/01	BOUGHT	PROCTER & GAMBLE CO DISCRETIONARY ORDER PART OF 10000 SHR	PG	9,000	70.75000	640,314.06
TOTAL						$-711,410.06

| LAST STATEMENT | January 26, 2001 |¶

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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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INSTITUTIONAL INTERESTS A/C #2¶

Transaction Detail (continued)¶

STATEMENT PERIOD January 27, 2001¶

DIVIDENDS¶

THROUGH February 23, 2001¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER 31-6412006¶

| LAST STATEMENT | January 26, 2001 |¶

| :--- | :--- |¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	DEBIT AMOUNT	CREDIT AMOUNT
01/30/01	MORGAN STANLEY DEAN WITTER & CO REC 01/12/01 PAY 01/30/01	MWD	35,000	0.2300		8,050.00
01/31/01	J P MORGAN CHASE & CO REC 01/05/01 PAY 01/31/01	JPM	37,500	0.3200		12,000.00
02/01/01	BRISTOL MYERS SQUIBB CO REC 01/05/01 PAY 02/01/01	BMY	20,000	0.2750		5,500.00
02/15/01	PROCTER & GAMBLE CO REC 01/19/01 PAY 02/15/01	PG	15,000	0.3500		5,250.00
TOTAL						$30,800.00

INTEREST¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
02/21/01	INTEREST ON CREDIT BALANCE AT 4,000% 01/31 THRU 02/20			4.0000		514.40
02/21/01	INTEREST ON CREDIT BALANCE AT 4 1/2% 01/21 THRU 01/30			4.5000		1,047.40
TOTAL						$1,561.80

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02/24/01;20:42 001¶

EFTA00197679¶

BEAR STEARNS¶

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

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Your messages¶

The interest, if any, charged to your account during December 2000 was computed on the net debit balance through December 28. The interest, if any, charged to your account during January 2001 is computed from December 29, 2000.¶

CLEARED THROUGH ITS¶

CLEARLY WOUNDED SUBSIDIARY¶

******* End of Statement*******¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

INSTITUTIONAL INTERESTS A/C #2¶

STATEMENT PERIOD January 27, 2001¶

THROUGH February 23, 2001¶

TAXPAYER NUMBER 31-6412006¶

ACCOUNT NUMBER¶

| LAST STATEMENT | January 26, 2001 |¶

| :--- | :--- |¶

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