Bear Stearns brokerage statement for an account executive, April 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

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	20,424,754
NET CREDIT BALANCE	1,422,974
NET EQUITY THIS PERIOD	$21,847,728
NET EQUITY LAST STATEMENT	23,210,702
CHANGE SINCE LAST STATEMENT	-1,362,974

INSTITUTIONAL INTERESTS A/C #2¶

| STATEMENT PERIOD | March 29, 2002 |¶

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| THROUGH | April 26, 2002 |¶

| LAST STATEMENT | March 28, 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¶

	THIS PERIOD
OpeningBalance	$1,255,201.69
Securities Sold	161,450.01
Dividends/Interest	6,322.06
Amount Credited	$167,772.07
Net Cash Activity	167,772.07
ClosingBalance	$1,422,973.76

Cash Balance Summary¶

	OPENING	CLOSING
Cash	1,255,201.69	1,422,973.76
Net Cash Balance	$1,255,201.69	$1,422,973.76

Income Summary¶

	THIS PERIOD	YEAR TO DATE
Dividends	6,000.00	81,880.00
Credit Balance Int.	322.06	1,513.94
Total	$6,322.06	$83,393.94

Portfolio Composition¶

Cash/Cash Equivalent	1,422,974
Equities	20,424,754
Total	$21,847,728

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

INSTITUTIONAL INTERESTS A/C #2¶

STATEMENT PERIOD	March 29, 2002
THROUGH	April 26, 2002

Your Portfolio Allocation¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | March 28, 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				1,422,974
TOTAL CASH & CASH EQUIVALENTS				$1,422,974

EQUITIES¶

Equities & Options¶

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURREN YIELD (%)
AMERICAN INTERNATIONAL GROUP INC	AIG	CASH	20,000	68.7100	1,374,200	3,360	0.2448
BANK OF AMER CORP	BAC	CASH	25,000	71.7800	1,794,500	60,000	3.3435
BRISTOL MYERS SQUIBB CO	BMY	CASH	25,000	29.3200	733,000	28,000	3.8199
CITIGROUP INC	C	CASH	27,375	43.0500	1,178,494	19,710	1.6725
GOLDMAN SACHS GROUP INC	GS	CASH	12,000	79.1500	949,800	5,760	0.6064
INTERNATIONAL BUSINESS MACHINES CORP	IBM	CASH	10,000	84.7100	847,100	5,600	0.6611
JOHNSON & JOHNSON	JNJ	CASH	50,000	63.6100	3,180,500	41,000	1.2891
MBNA CORP	KRB	CASH	60,000	35.2600	2,115,600	24,000	1.1344
PFIZER INC	PFE	CASH	75,000	36.7600	2,757,000	39,000	1.4146
PROCTER & GAMBLE CO	PG	CASH	25,000	89.8000	2,245,000	38,000	1.6927
VIACOM INC-CL B	VIAB	CASH	37,000	48.2000	1,783,400
WYETH COM	WYE	CASH	24,000	61.0900	1,466,160	22,080	1.5060
Total Equities& Options					$20,424,754	$286,510
TOTAL EQUITIES					$20,424,754	$286,510

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

INSTITUTIONAL INTERESTS A/C #2¶

STATEMENT PERIOD March 29, 2002¶

THROUGH April 26, 2002¶

AGCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | March 28, 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¶

Your Portfolio Holdings (continued)¶

| STATEMENT PERIOD | March 29, 2002 |¶

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| THROUGH | April 26, 2002 |¶

YOUR TOTAL ESTIMATED ANNUAL INCOME	$286,510
YOUR PRICED PORTFOLIOHOLDINGS	$21,847,727

TAXPAYER NUMBER On File¶

| LAST STATEMENT | March 28, 2002 |¶

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INVESTMENT ACTIVITY¶

Transaction Detail¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
04/01/02	03/26/02	SOLD	TYCO INTERNATIONAL LTD AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	TYC	-5,000	32.44049		161,450.01
TOTAL								$161,450.01

DIVIDENDS¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	DEBIT AMOUNT	CREDIT AMOUNT
04/01/02	MBNA CORP REC 03/15/02 PAY 04/01/02	KRB	60,000	0.1000		6,000.00
TOTAL							$6,000.00

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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)¶

INTEREST¶

STATEMENT PERIOD March 29, 2002¶

THROUGH April 26, 2002¶

AGCOUNT NUMBER¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
04/22/02	INTEREST ON CREDIT BALANCE AT 0 1/4% 03/21 THRU 04/20			0.2500		322.06
TOTAL							$322.06

TAXPAYER NUMBER On File¶

| LAST STATEMENT | March 28, 2002 |¶

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******* End of Statement*******¶

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