EFTA00197695

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| ACCOUNT EXECUTIVE | GREENBERG,ALAN C. |

| TELEPHONE | |

| VISIT OUR WEBSITE | www.bearstearns.com |

## What’s In This Statement

<table border="1"><tr><td>Financial Summary</td><td>3</td></tr><tr><td>Your Portfolio Holdings</td><td>4</td></tr><tr><td>Transaction Detail</td><td>5</td></tr><tr><td>Fund Activity</td><td>5</td></tr></table>









Your Portfolio at a Glance

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

<table border="1"><tr><td>TOTAL VALUE OF SECURITIES THIS PERIOD</td><td>19,475,152</td></tr><tr><td>NET CREDIT BALANCE</td><td>695,113</td></tr><tr><td>MONEY MARKET FUND BALANCE</td><td>674,098</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$20,844,363</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>20,244,221</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>600,141</td></tr></table>

Market Value of Your Portfolio





INSTITUTIONAL INTERESTS A/C #2



| STATEMENT PERIOD | October 26, 2002 |

| :--- | :--- |

| THROUGH | November 29, 2002 |

| LAST STATEMENT | October 25, 2002 |

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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., 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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INSTITUTIONAL INTERESTS A/C #2


STATEMENT BACKER IS PRINTED ON THIS PAGE

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Cash Flow Analysis

<table border="1"><tr><td></td><td>THIS PERIOD</td></tr><tr><td>OpeningBalance</td><td>$677,773.36</td></tr><tr><td>Money Fund</td><td>1,286.51</td></tr><tr><td>Dividends/Interest</td><td>17,339.25</td></tr><tr><td>Amount Credited</td><td>$18,625.76</td></tr><tr><td>Money Fund</td><td>-1,286.51</td></tr><tr><td>Amount Debited</td><td>$-1,286.51</td></tr><tr><td>Net Cash Activity</td><td>17,339.25</td></tr><tr><td>ClosingBalance</td><td>$695,112.61</td></tr></table>

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>677,773.36</td><td>695,112.61</td></tr><tr><td>Net Cash Balance</td><td>$677,773.36</td><td>$695,112.61</td></tr></table>

Income Summary

<table border="1"><tr><td></td><th>THIS PERIOD</th><th>YEAR TO DATE</th></tr><tr><td>Dividends</td><td>18,529.01</td><td>242,823.83</td></tr><tr><td>Credit Balance Int.</td><td>96.75</td><td>2,455.74</td></tr><tr><td>Total</td><td>$18,625.76</td><td>$245,279.57</td></tr></table>

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>1,369,211</td></tr><tr><td>Equities</td><td>19,475,152</td></tr><tr><td>Total</td><td>$20,844,363</td></tr></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSDIARY







INSTITUTIONAL INTERESTS A/C #2



STATEMENT PERIOD October 26, 2002

THROUGH November 29, 2002



ACCOUNT NUMBER



TAXPAYER NUMBER On File

| LAST STATEMENT | October 25, 2002 |

| :--- | :--- |

Your Portfolio Allocation



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

EFTA00197698



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT
Bear, Stearns & Co. Inc.

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## Your Portfolio Holdings

CASH & CASH EQUIVALENTS

<table><thead><tr><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>PRICE</th><th>MARKET VALUE</th><th>ESTIMATED ANNUAL INCOME</th><th>CURRENТ YIELD (%)</th></tr></thead><tbody><tr><td>CASH BALANCE</td><td></td><td></td><td></td><td>695,113</td><td></td><td></td></tr><tr><td>BEAR STEARNS PRIME MONEY</td><td>BSMXX</td><td>674,098.33</td><td>1.0000</td><td>674,098</td><td>9,437</td><td>1.3999</td></tr><tr><td>MARKET PORTFOLIO CL Y DIVIDEND REINVESTED</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$1,369,211</td><td>$9,437</td><td></td></tr></tbody></table>

## EQUITIES

## Equities & Options

<table><thead><tr><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>ACCT TYPE</th><th>QUANTITY</th><th>PRICE</th><th>MARKET VALUE</th><th>ESTIMATED ANNUAL INCOME</th><th>CURRENT YIELD (%)</th></tr></thead><tbody><tr><td>AOL TIME WARNER INC</td><td>AOL</td><td>CASH</td><td>50,000</td><td>16.3700</td><td>818,500</td><td></td><td></td></tr><tr><td>AMERICAN INTERNATIONAL GROUP INC</td><td>AIG</td><td>CASH</td><td>25,000</td><td>65.1500</td><td>1,628,750</td><td>4,700</td><td>0.2886</td></tr><tr><td>BANK OF AMER CORP</td><td>BAC</td><td>CASH</td><td>30,000</td><td>70.0800</td><td>2,102,400</td><td>76,800</td><td>3.6530</td></tr><tr><td>CITIGROUP INC</td><td>C</td><td>CASH</td><td>27,375</td><td>38.8800</td><td>1,064,340</td><td>19,710</td><td>1.8519</td></tr><tr><td>GOLDMAN SACHS GROUP INC</td><td>GS</td><td>CASH</td><td>12,000</td><td>78.8700</td><td>946,440</td><td>5,760</td><td>0.6086</td></tr><tr><td>INTERNATIONAL BUSINESS MACHINES CORP</td><td>IBM</td><td>CASH</td><td>20,000</td><td>87.1000</td><td>1,742,000</td><td>12,000</td><td>0.6889</td></tr><tr><td>JOHNSON &amp; JOHNSON</td><td>JNJ</td><td>CASH</td><td>50,000</td><td>57.0200</td><td>2,851,000</td><td>41,000</td><td>1.4381</td></tr><tr><td>MBNA CORP</td><td>KRB</td><td>CASH</td><td>90,000</td><td>21.3400</td><td>1,920,600</td><td>25,200</td><td>1.3121</td></tr><tr><td>PFIZER INC</td><td>PFE</td><td>CASH</td><td>75,000</td><td>31.5400</td><td>2,365,500</td><td>39,000</td><td>1.6487</td></tr><tr><td>PROCTER &amp; GAMBLE CO</td><td>PG</td><td>CASH</td><td>25,000</td><td>84.0000</td><td>2,100,000</td><td>41,000</td><td>1.9524</td></tr><tr><td>TYCO INTERNATIONAL LTD</td><td>TYC</td><td>CASH</td><td>50,000</td><td>17.8400</td><td>892,000</td><td>2,500</td><td>0.2803</td></tr></tbody></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSDIARY







INSTITUTIONAL INTERESTS A/C #2



STATEMENT PERIOD October 26, 2002

THROUGH November 29, 2002

AGCOUNT NUMBER

TAXPAYER NUMBER On File

| LAST STATEMENT | October 25, 2002 |

| :--- | :--- |

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BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT
Bear, Stearns & Co. Inc.

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## Your Portfolio Holdings (continued)

Equities & Options (continued)

<table><thead><tr><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>ACCT TYPE</th><th>QUANTITY</th><th>PRICE</th><th>MARKET VALUE</th><th>ESTIMATED ANNUAL INCOME</th><th>CURRENT YIELD (%)</th></tr></thead><tbody><tr><td>VIACOM INC-CL B</td><td>VIAB</td><td>CASH</td><td>22,200</td><td>47.0100</td><td>1,043,622</td><td></td><td></td></tr><tr><td>Total Equities&amp; Options</td><td></td><td></td><td></td><td></td><td>$19,475,152</td><td>$267,670</td><td></td></tr><tr><td>TOTAL EQUITIES</td><td></td><td></td><td></td><td></td><td>$19,475,152</td><td>$267,670</td><td></td></tr></tbody></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSDIARY



<table border="1"><tr><td>YOUR TOTAL ESTIMATED ANNUAL INCOME</td><td>$277,107</td></tr><tr><td>YOUR PRICED PORTFOLIO HOLDINGS</td><td>$20,844,363</td></tr></table>



## MONEY FUND ACTIVITY



Transaction Detail




INSTITUTIONAL INTERESTS A/C #2



STATEMENT PERIOD October 26, 2002



ACCOUNT NUMBER



TAXPAYER NUMBER On File

THROUGH November 29, 2002

<table><thead><tr><th>DATE MO/DAY</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>PRICE</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUN</th></tr></thead><tbody><tr><td>10/26/02</td><td></td><td>OPENINGBALANCE</td><td></td><td>672,811.82</td><td></td><td></td><td></td></tr><tr><td>11/01/02</td><td>DIVIDEND</td><td>BEAR STEARNS PRIME MONEY<br>MARKET PORTFOLIO CL Y<br>RECORD 10/31/02 PAY 10/31/02</td><td>BSMXX</td><td></td><td></td><td></td><td>1,286.51</td></tr><tr><td>11/01/02</td><td>REINVEST</td><td>BEAR STEARNS PRIME MONEY<br>MARKET PORTFOLIO CL Y<br>REINVEST PRICE $ 1,00</td><td>BSMXX</td><td>1,286.51</td><td></td><td>1,286.51</td><td></td></tr><tr><td>11/29/02</td><td></td><td>CLOSINGBALANCE</td><td></td><td>674,098.33</td><td></td><td></td><td></td></tr><tr><td colspan="5">TOTAL</td><td></td><td>-1,286.51</td><td>$1,286.51</td></tr></tbody></table>

| LAST STATEMENT | October 25, 2002 |

| :--- | :--- |

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BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT
Bear, Stearns & Co. Inc.



CLEARED THROUGH ITS
CLEARLY WOUNDED SUBSIDIARY



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INSTITUTIONAL INTERESTS A/C #2



## **Transaction Detail** (continued)

STATEMENT PERIOD October 26, 2002

DIVIDENDS

THROUGH November 29, 2002

AGCOUNT NUMBER

<table><thead><tr><th>DATE</th><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>RATE ($)</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>11/04/02</td><td>TYCO INTERNATIONAL LTD<br>REC 10/01/02 PAY 11/01/02</td><td>TYC</td><td>50,000</td><td>0.0125</td><td></td><td>625.00</td></tr><tr><td>11/15/02</td><td>PROCTER &amp; GAMBLE CO<br>REC 10/18/02 PAY 11/15/02</td><td>PG</td><td>25,000</td><td>0.4100</td><td></td><td>10,250.00</td></tr><tr><td>11/22/02</td><td>CITIGROUP INC<br>REC 11/04/02 PAY 11/22/02</td><td>C</td><td>27,375</td><td>0.1800</td><td></td><td>4,927.50</td></tr><tr><td>11/25/02</td><td>GOLDMAN SACHS GROUP INC<br>REC 10/28/02 PAY 11/25/02</td><td>GS</td><td>12,000</td><td>0.1200</td><td></td><td>1,440.00</td></tr><tr><td colspan="6">TOTAL</td><td>$17,242.50</td></tr></tbody></table>

TAXPAYER NUMBER On File

| LAST STATEMENT | October 25, 2002 |

| :--- | :--- |



INTEREST


<table><thead><tr><th>DATE</th><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>RATE (%)</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>11/21/02</td><td>INTEREST ON CREDIT BALANCE AT 0 1/8% 11/06 THRU 11/20</td><td></td><td></td><td>0.1250</td><td></td><td>35.55</td></tr><tr><td>11/21/02</td><td>INTEREST ON CREDIT BALANCE AT 0 1/4% 10/21 THRU 11/05</td><td></td><td></td><td>0.2500</td><td></td><td>61.20</td></tr><tr><td colspan="7">TOTAL</td><td>$96.75</td></tr></tbody></table>





******* End of Statement*******



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