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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 | 5 |
| Your Messages | 7 |
CLEARED THROUGH ITS¶
WHOLLY OWNED SUBSDIARY¶
INSTITUTIONAL INTERESTS A/C #2¶
There are no “Stop Loss” orders or other pending buy or sell open orders on file for your account.¶
STATEMENT PERIOD August 31,2002¶
ACCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
THROUGH September 27, 2002¶
| LAST STATEMENT | August 30, 2002 |¶
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Your Portfolio at a Glance¶
| TOTAL VALUE OF SECURITIES THIS PERIOD | 16,589,123 |
| NET CREDIT BALANCE | 89,123 |
| MONEY MARKET FUND BALANCE | 1,797,306 |
| NET EQUITY THIS PERIOD | $18,475,552 |
| NET EQUITY LAST STATEMENT | 19,585,730 |
| CHANGE SINCE LAST STATEMENT | -1,110,179 |
Market Value of Your Portfolio¶
Confirmation: Unless we hear from you to the contrary, it is our understanding that any free credit balances in your account are being maintained to facilitate your intention to invest such amounts through us.¶
Important Message¶
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 | $51,671.45 |
| Money Fund | 2,828.67 |
| Dividends/Interest | 37,451.29 |
| Amount Credited | $40,279.96 |
| Money Fund | -2,828.67 |
| Amount Debited | $-2,828.67 |
| Net Cash Activity | 37,451.29 |
| ClosingBalance | $89,122.74 |
Cash Balance Summary¶
| OPENING | CLOSING | |
| Cash | 51,671.45 | 89,122.74 |
| Net Cash Balance | $51,671.45 | $89,122.74 |
Income Summary¶
| THIS PERIOD | YEAR TO DATE | |
|---|---|---|
| Dividends | 40,268.67 | 215,489.21 |
| Credit Balance Int. | 11.29 | 2,349.44 |
| Total | $40,279.96 | $217,838.65 |
Portfolio Composition¶
| Cash/Cash Equivalent | 1,886,429 |
| Equities | 16,589,123 |
| Total | $18,475,552 |
CLEARED THROUGH ITS¶
WHOLLY OWNED SUBSDIARY¶
STATEMENT PERIOD August 31, 2002¶
INSTITUTIONAL INTERESTS A/C #2¶
THROUGH September 27, 2002¶
ACCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
Your Portfolio Allocation¶
| LAST STATEMENT | August 30, 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 | CURRENТ YIELD (%) |
|---|---|---|---|---|---|---|
| CASH BALANCE | 89,123 | |||||
| BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y DIVIDEND REINVESTED | BSMXX | 1,797,306.21 | 1.0000 | 1,797,306 | 30,015 | 1.6700 |
| TOTAL CASH & CASH EQUIVALENTS | $1,886,429 | $30,015 |
EQUITIES¶
Equities & Options¶
| DESCRIPTION | SYMBOL/CUSIP | ACCT TYPE | QUANTITY | PRICE | MARKET VALUE | ESTIMATED ANNUAL INCOME | CURRENT YIELD (%) |
|---|---|---|---|---|---|---|---|
| AOL TIME WARNER INC | AOL | CASH | 50,000 | 12.1200 | 606,000 | ||
| AMERICAN INTERNATIONAL GROUP INC | AIG | CASH | 20,000 | 55.2300 | 1,104,600 | 3,760 | 0.3404 |
| BANK OF AMER CORP | BAC | CASH | 25,000 | 64.0800 | 1,602,000 | 60,000 | 3.7453 |
| CITIGROUP INC | C | CASH | 27,375 | 29.0200 | 794,423 | 19,710 | 2.4810 |
| GOLDMAN SACHS GROUP INC | GS | CASH | 12,000 | 66.1300 | 793,560 | 5,760 | 0.7258 |
| INTERNATIONAL BUSINESS MACHINES CORP | IBM | CASH | 10,000 | 60.3600 | 603,600 | 6,000 | 0.9940 |
| JOHNSON & JOHNSON | JNJ | CASH | 50,000 | 55.1000 | 2,755,000 | 41,000 | 1.4882 |
| MBNA CORP | KRB | CASH | 90,000 | 18.7400 | 1,686,600 | 25,200 | 1.4941 |
| PFIZER INC | PFE | CASH | 75,000 | 28.5800 | 2,143,500 | 39,000 | 1.8195 |
| PROCTER & GAMBLE CO | PG | CASH | 25,000 | 88.1300 | 2,203,250 | 41,000 | 1.8609 |
| TYCO INTERNATIONAL LTD | TYC | CASH | 50,000 | 14.4300 | 721,500 | 2,500 | 0.3465 |
CLEARED THROUGH ITS¶
WHOLLY OWNED SUBSDIARY¶
INSTITUTIONAL INTERESTS A/C #2¶
STATEMENT PERIOD August 31, 2002¶
THROUGH September 27, 2002¶
AGCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | August 30, 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 | 37,000 | 42.5700 | 1,575,090 | ||
| Total Equities& Options | $16,589,123 | $243,930 | |||||
| TOTAL EQUITIES | $16,589,123 | $243,930 |
CLEARED THROUGH ITS¶
WHOLLY OWNED SUBSDIARY¶
| YOUR TOTAL ESTIMATED ANNUAL INCOME | $273,945 |
| YOUR PRICED PORTFOLIO HOLDINGS | $18,475,552 |
MONEY FUND ACTIVITY¶
Transaction Detail¶
INSTITUTIONAL INTERESTS A/C #2¶
STATEMENT PERIOD August 31, 2002¶
ACCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| DATE MO/DAY | TRANSACTION | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | PRICE | DEBIT AMOUNT | CREDIT AMOUN |
|---|---|---|---|---|---|---|---|
| 08/31/02 | OPENINGBALANCE | 1,794,477.54 | |||||
| 09/03/02 | DIVIDEND | BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y RECORD 08/30/02 PAY 08/30/02 | BSMXX | 2,828.67 | |||
| 09/03/02 | REINVEST | BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y REINVEST PRICE $ 1,00 | BSMXX | 2,828.67 | 2,828.67 | ||
| 09/27/02 | CLOSINGBALANCE | 1,797,306.21 | |||||
| TOTAL | -2,828.67 | $2,828.67 | |||||
| THROUGH | September 27, 2002 |¶
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| LAST STATEMENT | August 30, 2002 |¶
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BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc.¶
CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶
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INSTITUTIONAL INTERESTS A/C #2¶
Transaction Detail (continued)¶
DIVIDENDS¶
STATEMENT PERIOD August 31, 2002¶
THROUGH September 27, 2002¶
| DATE | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | RATE ($) | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|---|---|
| 09/05/02 | PFIZER INC REC 08/16/02 PAY 09/05/02 | PFE | 75,000 | 0.1300 | 9,750.00 | |
| 09/10/02 | INTERNATIONAL BUSINESS MACHINES CORP REC 08/09/02 PAY 09/10/02 | IBM | 10,000 | 0.1500 | 1,500.00 | |
| 09/10/02 | JOHNSON & JOHNSON REC 08/20/02 PAY 09/10/02 | JNJ | 50,000 | 0.2050 | 10,250.00 | |
| 09/20/02 | AMERICAN INTERNATIONAL GROUP INC REC 09/06/02 PAY 09/20/02 | AIG | 20,000 | 0.0470 | 940.00 | |
| 09/27/02 | BANK OF AMER CORP REC 09/06/02 PAY 09/27/02 | BAC | 25,000 | 0.6000 | 15,000.00 | |
| TOTAL | $37,440.00 | |||||
AGCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | August 30, 2002 |¶
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INTEREST¶
| DATE | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | RATE (%) | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|---|---|
| 09/23/02 | INTEREST ON CREDIT BALANCE AT 0 1/4% 08/21 THRU 09/20 | 0.2500 | 11.29 | |||
| TOTAL | $11.29 | |||||
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BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc.¶
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CLEARED THROUGH ITS¶
WHOLLY OWNED SUBSDIARY¶
Bear, Stearns Securities Corp., Net Capital and Net Capital Requirements:¶
Your messages¶
At May 31, 2002 and July 31, 2002, the Company’s net capital of approximately $2.5 billion and $2.0 billion was approximately 7% and 6% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $679.9 million and $644.8 million by approximately $1.8 billion and $1.3 billion, 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.¶
INSTITUTIONAL INTERESTS A/C #2¶
STATEMENT PERIOD August 31, 2002¶
THROUGH September 27, 2002¶
AGCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | August 30, 2002 |¶
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Securities and other assets in your account are the firm’s collateral for any margin loan made to you. If the securities and other assets in your account decline in value, so does the value of the collateral supporting your loan, and, as a result, the firm can take action, such as issue a margin call and/or sell securities or other assets in any of your accounts held with the member, in order to maintain the required equity in the account. It is important that you fully understand the risks involved in trading securities on margin. These risks include the following:¶
You can lose more funds than you deposit in the margin account.
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The firm can force the sale of securities or other assets in your account(s).
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The firm can sell your securities or other assets without contacting you.
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You are not entitled to choose which securities or other assets in your account(s) are liquidated or sold to meet a margin call.
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The firm can increase its “house” maintenance margin requirements at any time and is not required to provide you advance written notice.
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You are not entitled to an extension of time on a margin call.
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BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc.¶
CLEARED THROUGH ITS¶
WHOLLY OWNED SUBSDIARY¶
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BSC routes a majority of orders for customer securities transactions to the primary market for such securities. Orders may also be routed to other market service vendors that assure executions pursuant to complex mathematical formulas at better than the national best bid or best offer (NBBO). BSC receives no cash payment or other consideration for such order routing other than favorable executions or executions of limit orders at no additional charge.¶
This statement is provided to explain Bear, Stearns & Co., Inc.’s (“BSC”) payment for order flow practices.¶
INSTITUTIONAL INTERESTS A/C #2¶
STATEMENT PERIOD August 31, 2002¶
THROUGH September 27, 2002¶
AGCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | August 30, 2002 |¶
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Pursuant to SEC Rule 11Ac1-6, please note the following:¶
Bear, Stearns & Co., Inc. will post its quarterly routing statistics at the following web link:¶
http://www.bearstearns.com/bearstearns/individualinvestor/equititesord¶
erroutingpractices.htm¶
Customers of Bear, Stearns & Co. Inc. may request information on any order executed within the prior six months from the time of the request. Specifically, you may request the identity of the venue to which the identified orders were routed for execution, whether the order was directed by you to that venue, and the time of the executions, if any, that resulted from such orders.¶
******* End of Statement*******¶
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