Bear Stearns brokerage statement for a trust-held investment account, January 2001

EFTA00197680¶

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 December 30, 2000¶

THROUGH January 26, 2001¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER 31-6412006¶

| LAST STATEMENT | December 29, 2000 |¶

| :--- | :--- |¶

Your Portfolio at a Glance¶

TOTAL VALUE OF SECURITIES THIS PERIOD	22,565,146
NET CREDIT BALANCE	837,325
NET EQUITY THIS PERIOD	$23,402,471
NET EQUITY LAST STATEMENT	23,043,134
CHANGE SINCE LAST STATEMENT	359,337

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 Coming!¶

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

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.¶

Important Message¶

All trading on NYSE, AMEX, and regional exchanges will be in decimals effective as of 1/29/01.¶

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.¶

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶

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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	$388,128.89
Securities Sold	1,574,112.15
Dividends/Interest	8,493.12
Amount Credited	$1,582,605.27
Securities Bought	-1,133,409.40
Amount Debited	$-1,133,409.40
Net Cash Activity	449,195.87
Closing Balance	$837,324.76

Cash Balance Summary¶

	OPENING	CLOSING
Cash	388,128.89	837,324.76
Net Cash Balance	$388,128.89	$837,324.76

Income Summary¶

	THIS PERIOD	YEAR TO DATE
Dividends	6,400.00	6,400.00
Credit Balance Int.	2,093.12	2,093.12
Total	$8,493.12	$8,493.12

Portfolio Composition¶

Cash/Cash Equivalent	837,325
Equities	22,565,146
Total	$23,402,471

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 30, 2000
THROUGH	January 26, 2001
ACCOUNT NUMBER
TAXPAYER NUMBER	31-6412006
LAST STATEMENT	December 29, 2000

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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EFTA00197683¶

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				837,325
TOTAL CASH & CASH EQUIVALENTS				$837,325

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	59.0500	1,181,000	18,400	1.5580
AMERICAN INTERNATIONAL GROUP INC	AIG	CASH	20,000	87.7500	1,755,000	2,960	0.1687
BANK OF AMER CORP	BAC	CASH	25,000	53.1880	1,329,700	56,000	4.2115
BRISTOL MYERS SQUIBB CO	BMY	CASH	20,000	64.0630	1,281,260	22,000	1.7171
INTERNATIONAL BUSINESS MACHINES CORP	IBM	CASH	10,000	114.1880	1,141,880	5,200	0.4554
J P MORGAN CHASE & CO	JPM	CASH	37,500	54.1880	2,032,050	48,000	2.3621
JOHNSON & JOHNSON	JNJ	CASH	25,000	91.9380	2,298,450	32,000	1.3922
MBNA CORP	KRB	CASH	72,000	38.0000	2,736,000	25,920	0.9474
MORGAN STANLEY DEAN WITTER & CO	MWD	CASH	30,000	82.5000	2,475,000	27,600	1.1152
PFIZER INC	PFE	CASH	75,000	44.3130	3,323,475	33,000	0.9929
PROCTER & GAMBLE CO	PG	CASH	15,000	69.2500	1,038,750	21,000	2.0217

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 30, 2000¶

THROUGH January 26, 2001¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER 31-6412006¶

| LAST STATEMENT | December 29, 2000 |¶

| :--- | :--- |¶

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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	53.3130	1,972,581
Total Equities & Options					$22,565,146	$292,080
TOTAL EQUITIES					$22,565,146	$292,080

YOUR TOTAL ESTIMATED ANNUAL INCOME	$292,080
YOUR PRICED PORTFOLIO HOLDINGS	$23,402,470

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

INVESTMENT ACTIVITY¶

Bear, Steams Securities Corp.¶

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

Transaction Detail¶

INSTITUTIONAL INTERESTS A/C #2¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
01/02/01		NAME CHG	CHASE MANHATTAN CORP NEW C001559 TO J001425 N/C J P MORGAN CHASE&CO	16161A108	-37,500
01/02/01		NAME CHG	J P MORGAN CHASE & CO J001425 FROM C001559 N/C J P MORGAN CHASE&CO	JPM	37,500
01/03/01	01/02/01	SOLD	MBNA CORP DISCRETIONARY ORDER	KRB	-8,000	36.12500		287,048.72

STATEMENT PERIOD December 30, 2000¶

THROUGH January 26, 2001¶

ACCOUNT NUMBER¶

| LAST STATEMENT | December 29, 2000 |¶

| :--- | :--- |¶

TAXPAYER NUMBER 31-6412006¶

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EFTA00197685¶

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 Metratech Center North Brooklyn, New York 11201-3859¶

6 of 7¶

INSTITUTIONAL INTERESTS A/C #2¶

STATEMENT PERIOD December 30, 2000¶

Transaction Detail (continued)¶

THROUGH January 26, 2001¶

INVESTMENT ACTIVITY (continued)¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER 31-6412006¶

| LAST STATEMENT | December 29, 2000 |¶

| :--- | :--- |¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
01/09/01	01/04/01	BOUGHT	AMERICAN HOME PRODUCTS CORP AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT	AHP	5,200	54.47300	285,024.34
01/10/01	01/05/01	BOUGHT	AMERICAN HOME PRODUCTS CORP AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT	AHP	14,800	56.99630	848,385.06
01/10/01	01/05/01	SOLD	MORGAN STANLEY DEAN WITTER & CO DISCRETIONARY ORDER	MWD	-10,000	86.81250		863,402.30
01/16/01	01/10/01	SOLD	MORGAN STANLEY DEAN WITTER & CO AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT	MWD	-5,000	85.21630		423,661.13
TOTAL							$-1,133,409.40	$1,574,112.15

DIVIDENDS¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	DEBIT AMOUNT	CREDIT AMOUNT
01/02/01	MBNA CORP REC 12/15/00 PAY 01/01/01	KRB	80,000	0.0800		6,400.00
TOTAL							$6,400.00

INTEREST¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
01/22/01	INTEREST ON CREDIT BALANCE AT 5,000% 12/29 THRU 01/02			5.0000		270.42
01/22/01	INTEREST ON CREDIT BALANCE AT 5,000% 12/21 THRU 12/28			5.0000		431.25

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EFTA00197686¶

BEAR STEARNS¶

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

CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶

7 of 7¶

Bear, Steams Securities Corp.¶

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

INSTITUTIONAL INTERESTS A/C #2¶

Transaction Detail (continued)¶

INTEREST (continued)¶

STATEMENT PERIOD December 30, 2000¶

THROUGH January 26, 2001¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
01/22/01	INTEREST ON CREDIT BALANCE AT 4 1/2% 01/03 THRU 01/20			4.5000		1,391.45
TOTAL						$2,093.12

TAXPAYER NUMBER 31-6412006¶

| LAST STATEMENT | December 29, 2000 |¶

| :--- | :--- |¶

******* End of Statement*******¶

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