Bear Stearns brokerage statement for a $21.7 million account, Jan–Feb 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.¶

TOTAL VALUE OF SECURITIES THIS PERIOD	19,623,120
NET CREDIT BALANCE	2,081,411
NET EQUITY THIS PERIOD	$21,704,531
NET EQUITY LAST STATEMENT	22,141,283
CHANGE SINCE LAST STATEMENT	-436,752

Market Value of Your Portfolio¶

INSTITUTIONAL INTERESTS A/C #2¶

| STATEMENT PERIOD | January 26, 2002 |¶

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| THROUGH | February 22, 2002 |¶

| LAST STATEMENT | January 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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STATEMENT BACKER IS PRINTED ON THIS PAGE¶

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Cash Flow Analysis¶

	THIS PERIOD
Opening Balance	$2,402,194.72
Dividends/Interest	28,530.47
Amount Credited	$28,530.47
Securities Bought	-349,314.11
Amount Debited	$-349,314.11
Net Cash Activity	-320,783.64
Closing Balance	$2,081,411.08

Cash Balance Summary¶

	OPENING	CLOSING
Cash	2,402,194.72	2,081,411.08
Net Cash Balance	$2,402,194.72	$2,081,411.08

Income Summary¶

	THIS PERIOD	YEAR TO DATE
Dividends	28,070.00	34,370.00
Credit Balance Int.	460.47	784.78
Total	$28,530.47	$35,154.78

Portfolio Composition¶

Cash/Cash Equivalent	2,081,411
Equities	19,623,120
Total	$21,704,531

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

INSTITUTIONAL INTERESTS A/C #2¶

STATEMENT PERIOD January 26, 2002¶

THROUGH February 22, 2002¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

Your Portfolio Allocation¶

| LAST STATEMENT | January 25, 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				2,081,411
TOTAL CASH & CASH EQUIVALENTS				$2,081,411

EQUITIES¶

Equities & Options¶

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
AMERICAN HOME PRODUCTS CORP	AHP	CASH	24,000	63.9800	1,535,520	22,080	1.4379
AMERICAN INTERNATIONAL GROUP INC	AIG	CASH	20,000	70.3300	1,406,600	3,360	0.2389
BANK OF AMER CORP	BAC	CASH	25,000	61.3200	1,533,000	60,000	3.9139
CITIGROUP INC	C	CASH	27,375	42.4000	1,160,700	17,520	1.5094
GOLDMAN SACHS GROUP INC	GS	CASH	12,000	79.0000	948,000	5,760	0.6076
INTERNATIONAL BUSINESS MACHINES CORP	IBM	CASH	10,000	98.4500	984,500	5,600	0.5688
JOHNSON & JOHNSON	JNJ	CASH	50,000	59.4000	2,970,000	36,000	1.2121
MBNA CORP	KRB	CASH	60,000	32.5500	1,953,000	24,000	1.2289
PFIZER INC	PFE	CASH	75,000	41.1100	3,083,250	39,000	1.2649
PROCTER & GAMBLE CO	PG	CASH	25,000	85.6000	2,140,000	38,000	1.7757
TYCO INTERNATIONAL LTD	TYC	CASH	10,000	27.5000	275,000	500	0.1818
VIACOM INC-CL B	VIAB	CASH	37,000	44.1500	1,633,550
Total Equities& Options					$19,623,120	$251,820
TOTAL EQUITIES					$19,623,120	$251,820

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

INSTITUTIONAL INTERESTS A/C #2¶

STATEMENT PERIOD January 26, 2002¶

THROUGH February 22, 2002¶

AGCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | January 25, 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 January 26, 2002¶

YOUR TOTAL ESTIMATED ANNUAL INCOME	$251,820
YOUR PRICED PORTFOLIOHOLDINGS	$21,704,531

THROUGH February 22, 2002¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | January 25, 2002 |¶

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INVESTMENT ACTIVITY¶

Transaction Detail¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
02/01/02	01/29/02	BOUGHT	TYCO INTERNATIONAL LTD DISCRETIONARY ORDER	TYC	10,000	34.70000	349,314.11
TOTAL						$-349,314.11

DIVIDENDS¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	DEBIT AMOUNT	CREDIT AMOUNT
01/31/02	J P MORGAN CHASE & CO REC 01/04/02 PAY 01/31/02	JPM	37,500	0.3400		12,750.00
02/15/02	PROCTER & GAMBLE CO REC 01/18/02 PAY 02/15/02	PG	25,000	0.3800		9,500.00
02/21/02	GOLDMAN SACHS GROUP INC REC 01/22/02 PAY 02/21/02	GS	12,000	0.1200		1,440.00

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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)¶

STATEMENT PERIOD January 26, 2002¶

DIVIDENDS (continued)¶

THROUGH February 22, 2002¶

AGCOUNT NUMBER¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	DEBIT AMOUNT	CREDIT AMOUNT
02/22/02	CITIGROUP INC	C	27,375	0.1600		4,380.00
	REC 02/04/02 PAY 02/22/02
TOTAL						$28,070.00

TAXPAYER NUMBER On File¶

| LAST STATEMENT | January 25, 2002 |¶

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INTEREST¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
02/21/02	INTEREST ON CREDIT BALANCE AT 0 1/4% 01/21 THRU 02/20			0.2500		460.47
TOTAL						$460.47

******* End of Statement*******¶

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