Bear Stearns institutional brokerage account statement, October 2002

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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
Fund Activity	6

Your Portfolio at a Glance¶

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

Market Value of Your Portfolio¶

TOTAL VALUE OF SECURITIES THIS PERIOD	18,893,636
NET CREDIT BALANCE	677,773
MONEY MARKET FUND BALANCE	672,812
NET EQUITY THIS PERIOD	$20,244,221
NET EQUITY LAST STATEMENT	18,475,552
CHANGE SINCE LAST STATEMENT	1,768,670

INSTITUTIONAL INTERESTS A/C #2¶

| STATEMENT PERIOD | September 28, 2002 |¶

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| THROUGH | October 25, 2002 |¶

| LAST STATEMENT | September 27, 2002 |¶

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TAXPAYER NUMBER On File¶

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¶

	THIS PERIOD
OpeningBalance	$89,122.74
Securities Sold	677,690.50
Money Fund	1,129,505.61
Dividends/Interest	6,309.55
Amount Credited	$1,813,505.66
Securities Bought	-1,222,349.43
Money Fund	-2,505.61
Amount Debited	$-1,224,855.04
Net Cash Activity	588,650.62
Closing Balance	$677,773.36

Cash Balance Summary¶

	OPENING	CLOSING
Cash	89,122.74	677,773.36
Net Cash Balance	$89,122.74	$677,773.36

Income Summary¶

	THIS PERIOD	YEAR TO DATE
Dividends	8,805.61	224,294.82
Credit Balance Int.	9.55	2,358.99
Total	$8,815.16	$226,653.81

Portfolio Composition¶

Cash/Cash Equivalent	1,350,585
Equities	18,893,636
Total	$20,244,221

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

INSTITUTIONAL INTERESTS A/C #2¶

STATEMENT PERIOD September 28, 2002¶

| THROUGH | October 25, 2002 |¶

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ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

Your Portfolio Allocation¶

| LAST STATEMENT | September 27, 2002 |¶

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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.¶

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BEAR STEARNS¶

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

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Your Portfolio Holdings¶

CASH & CASH EQUIVALENTS¶

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
CASH BALANCE				677,773
BEAR STEARNS PRIME MONEY	BSMXX	672,811.82	1.0000	672,812	11,371	1.6901
MARKET PORTFOLIO CL Y DIVIDEND REINVESTED
TOTAL CASH & CASH EQUIVALENTS				$1,350,585	$11,371

EQUITIES¶

Equities & Options¶

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
AOL TIME WARNER INC	AQL	CASH	50,000	14.7000	735,000
AMERICAN INTERNATIONAL GROUP INC	AIG	CASH	25,000	65.4100	1,635,250	4,700	0.2874
BANK OF AMER CORP	BAC	CASH	30,000	69.8200	2,094,600	76,800	3.6666
CITIGROUP INC	C	CASH	27,375	35.7000	977,288	19,710	2.0168
GOLDMAN SACHS GROUP INC	GS	CASH	12,000	73.9900	887,880	5,760	0.6487
INTERNATIONAL BUSINESS MACHINES CORP	IBM	CASH	20,000	74.5600	1,491,200	12,000	0.8047
JOHNSON& JOHNSON	JNJ	CASH	50,000	57.7600	2,888,000	41,000	1.4197
MBNA CORP	KRB	CASH	90,000	19.8900	1,790,100	25,200	1.4077
PFIZER INC	PFE	CASH	75,000	31.9000	2,392,500	39,000	1.6301
PROCTER & GAMBLE CO	PG	CASH	25,000	88.7000	2,217,500	41,000	1.8489
TYCO INTERNATIONAL LTD	TYC	CASH	50,000	15.4000	770,000	2,500	0.3247

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

INSTITUTIONAL INTERESTS A/C #2¶

STATEMENT PERIOD September 28, 2002¶

| THROUGH | October 25, 2002 |¶

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AGCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | September 27, 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)¶

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD(%)
VIACOM INC-CL B	VIAB	CASH	22,200	45.6900	1,014,318
Total Equities&Options					$18,893,636	$267,670
TOTAL EQUITIES					$18,893,636	$267,670

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

YOUR TOTAL ESTIMATED ANNUAL INCOME	$279,041
YOUR PRICED PORTFOLIOHOLDINGS	$20,244,221

INVESTMENT ACTIVITY¶

Transaction Detail¶

INSTITUTIONAL INTERESTS A/C #2¶

STATEMENT PERIOD September 28, 2002¶

ACCOUNT NUMBER¶

| THROUGH | October 25, 2002 |¶

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TAXPAYER NUMBER On File¶

| LAST STATEMENT | September 27, 2002 |¶

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SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
10/07/02	10/02/02	BOUGHT	AMERICAN INTERNATIONAL GROUP INC DISCRETIONARY ORDER	AIG	5,000	57.35000	288,519.93
10/07/02	10/02/02	BOUGHT	BANK OF AMER CORP DISCRETIONARY ORDER	BAC	5,000	64.36000	323,729.97
10/07/02	10/02/02	BOUGHT	INTERNATIONAL BUSINESS MACHINES CORP DISCRETIONARY ORDER	IBM	10,000	60.66000	610,099.53

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BEAR STEARNS¶

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

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

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INSTITUTIONAL INTERESTS A/C #2¶

Transaction Detail (continued)¶

STATEMENT PERIOD September 28, 2002¶

INVESTMENT ACTIVITY (continued)¶

| THROUGH | October 25, 2002 |¶

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SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
10/24/02	10/21/02	SOLD	VIACOM INC-CL B AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT DISCRETIONARY ORDER AS OF 10/21/02	VIAB	-14,800	46.06840		677,690.50

TOTAL

-1,222,349.43

$677,690.50

MONEY FUND ACTIVITY¶

DATE MO/DAY	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
09/28/02		OPENINGBALANCE		1,797,306.21
10/01/02	DIVIDEND	BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y RECORD 09/30/02 PAY 09/30/02	BSMXX				2,505.61
10/01/02	REINVEST	BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y REINVEST PRICE $ 1,00	BSMXX	2,505.61		2,505.61
10/07/02	SOLD	BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y	BSMXX	-1,127,000	1.0000		1,127,000.00
10/25/02		CLOSINGBALANCE		672,811.82
TOTAL						-$-2,505.61	$1,129,505.61

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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 September 28, 2002¶

DIVIDENDS¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	DEBIT AMOUNT	CREDIT AMOUNT
10/01/02	MBNA CORP	KRB	90,000	0.0700		6,300.00
	REC 09/16/02 PAY 10/01/02
TOTAL						$6,300.00

| THROUGH | October 25, 2002 |¶

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AGCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | September 27, 2002 |¶

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INTEREST¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
10/21/02	INTEREST ON CREDIT BALANCE AT 0 1/4% 09/21 THRU 10/20			0.2500		9.55
TOTAL						$9.55

******* End of Statement*******¶

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