Financial record, 2003-08-29

EFTA00197802¶

| | |¶

| :--- | :--- |¶

| ACCOUNT EXECUTIVE | GREENBERG,ALAN C. |¶

| TELEPHONE | |¶

| VISIT OUR WEBSITE | www.bearstearns.com |¶

What’s In This Statement¶

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSIDIARY¶

Your Portfolio Holdings … 4¶

Financial Summary 3¶

Transaction Detail … 5¶

Fund Activity 5¶

INSTITUTIONAL INTERESTS A/C #2¶

C/O FINANCIAL TRUST COMPANY¶

ATTN LARRY KEMP¶

6100 RED HOOK QUARTER¶

SUITE B-3¶

ST THOMAS VI 00802¶

INSTITUTIONAL INTERESTS A/C #2¶

STATEMENT PERIOD July 26, 2003¶

AGCOUNT NUMBER¶

THROUGH August 29, 2003¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | July 25, 2003 |¶

| :--- | :--- |¶

Your Portfolio at a Glance¶

TOTAL VALUE OF SECURITIES THIS PERIOD	20,777,706
NET CREDIT BALANCE	22,643
MONEY MARKET FUND BALANCE	112,754
NET EQUITY THIS PERIOD	$20,913,103
NET EQUITY LAST STATEMENT	21,483,942
CHANGE SINCE LAST STATEMENT	-570,839

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

Market Value of Your Portfolio¶

Important Message¶

Bear Stearns is pleased to announce our conversion to a calendar month-end statement. Effective September 2003, your account statement will reflect all activity and account valuation up to and including the last business day of the month.¶

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.¶

027 08/30/03:13:45 001¶

EFTA00197803¶

2 of 6¶

INSTITUTIONAL INTERESTS A/C #2¶

STATEMENT BACKER IS PRINTED ON THIS PAGE¶

027¶

EFTA00197804¶

3 of 6¶

Cash Flow Analysis¶

	THIS PERIOD
OpeningBalance	$1,685.28
Money Fund	206.19
Dividends/Interest	20,957.92
Amount Credited	$21,164.11
Money Fund	-206.19
Amount Debited	$-206.19
Net Cash Activity	20,957.92
ClosingBalance	$22,643.20

Cash Balance Summary¶

	OPENING	CLOSING
Cash	1,685.28	22,643.20
Net Cash Balance	$1,685.28	$22,643.20

Income Summary¶

	THIS PERIOD	YEAR TO DATE
Dividends	21,162.44	180,785.31
Credit Balance Int.	1.67	6,097.03
Total	$21,164.11	$186,882.34

Portfolio Composition¶

Cash/Cash Equivalent	135,397
Equities	20,777,706
Total	$20,913,103

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

INSTITUTIONAL INTERESTS A/C #2¶

STATEMENT PERIOD July 26, 2003¶

THROUGH August 29, 2003¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | July 25, 2003 |¶

| :--- | :--- |¶

Your Portfolio Allocation¶

08/30/03;13:45 001¶

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

EFTA00197805¶

BEAR STEARNS¶

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

4 of 6¶

Your Portfolio Holdings¶

CASH & CASH EQUIVALENTS¶

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENТ YIELD (%)
CASH BALANCE				22,643
BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CLY DIVIDEND REINVESTED	BSMXX	112,754.13	1.0000	112,754	1,026	0.9099
TOTAL CASH & CASH EQUIVALENTS				$135,397	$1,026

EQUITIES¶

Equities & Options¶

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
AOL TIME WARNER INC	AOL	CASH	100,000	16.3600	1,636,000
AMERICAN INTERNATIONAL GROUP INC	AIG	CASH	25,000	59.5700	1,489,250	6,500	0.4365
BANK OF AMER CORP	BAC	CASH	30,000	79.2500	2,377,500	96,000	4.0379
CITIGROUP INC	C	CASH	27,375	43.3500	1,186,706	38,325	3.2295
E I DU PONT DE NEMOURS & CO	DD	CASH	25,000	44.7400	1,118,500	35,000	3.1292
FREDDIE MAC-VOTING COMMON (FORMERLY FEDERAL HOME LOAN MORTGAGE CORP)	FRE	CASH	30,000	53.1500	1,594,500	31,200	1.9567
INTERNATIONAL BUSINESS MACHINES CORP	IBM	CASH	20,000	82.0100	1,640,200	12,800	0.7804
JOHNSON& JOHNSON	JNJ	CASH	60,000	49.5800	2,974,800	57,600	1.9363
MBNA CORP	KRB	CASH	100,000	23.3400	2,334,000	40,000	1.7138

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

INSTITUTIONAL INTERESTS A/C #2¶

STATEMENT PERIOD July 26, 2003¶

THROUGH August 29, 2003¶

AGCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

LAST STATEMENT July 25, 2003¶

027¶

08/30/03;13:45 001¶

EFTA00197806¶

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

5 of 6¶

Your Portfolio Holdings (continued)¶

Equities & Options (continued)¶

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
PFIZER INC	PFE	CASH	75,000	29.9200	2,244,000	45,000	2.0053
PROCTER & GAMBLE CO Total Equities& Options	PG	CASH	25,000	87.2900	2,182,250	45,500	2.0850
					$20,777,706	$407,925
TOTAL EQUITIES					$20,777,706	$407,925

YOUR TOTAL ESTIMATED ANNUAL INCOME	$408,951
YOUR PRICED PORTFOLIOHOLDINGS	$20,913,103

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

MONEY FUND ACTIVITY¶

Transaction Detail¶

INSTITUTIONAL INTERESTS A/C #2¶

STATEMENT PERIOD July 26, 2003¶

DATE MO/DAY	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
07/26/03		OPENINGBALANCE		112,547.94

ACCOUNT NUMBER¶

| LAST STATEMENT | July 25, 2003 |¶

| :--- | :--- |¶

TAXPAYER NUMBER On File¶

THROUGH August 29, 2003¶

08/01/03	DIVIDEND	BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y RECORD 07/31/03 PAY 07/31/03	BSMXX		206.19
08/01/03	REINVEST	BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y REINVEST PRICE $1.00	BSMXX	206.19	206.19

027¶

08/30/03;13:45 001¶

EFTA00197807¶

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

CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶

6 of 6¶

INSTITUTIONAL INTERESTS A/C #2¶

Transaction Detail (continued)¶

STATEMENT PERIOD July 26, 2003¶

THROUGH August 29, 2003¶

MONEY FUND ACTIVITY (continued)¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | July 25, 2003 |¶

| :--- | :--- |¶

DATE MO/DAY	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
08/29/03		CLOSINGBALANCE		112,754.13
TOTAL						-206.19	$206.19

DIVIDENDS¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	DEBIT AMOUNT	CREDIT AMOUNT
08/15/03	PROCTER & GAMBLE CO REC 07/18/03 PAY 08/15/03	PG	25,000	0.4550		11,375.00
08/22/03	CITIGROUP INC REC 08/04/03 PAY 08/22/03	C	27,375	0.3500		9,581.25
TOTAL						$20,956.25

INTEREST¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
08/21/03	INTEREST ON CREDIT BALANCE AT 0 1/2% 07/21 THRU 08/20			0.5000		1.67
TOTAL							$1.67

027¶

08/30/03;13:45 001¶