## Statements

EFTA00197856

OFFICE SERVICING YOUR ACCOUNT

Bear, Stearns & Co. Inc.
383 Madison Avenue
New York, New York 10179

| | |

| :--- | :--- |

| ACCOUNT EXECUTIVE | ZICHERMAN,IRA |

| TELEPHONE | |

| VISIT OUR WEBSITE | www.bearstearns.com |

## What’s In This Statement

<table border="1"><tr><td>Financial Summary</td><td>3</td></tr><tr><td>Your Portfolio Holdings</td><td>4</td></tr><tr><td>Transaction Detail</td><td>5</td></tr><tr><td>Fund Activity</td><td>5</td></tr><tr><td>Trades Not Yet Settled</td><td>6</td></tr><tr><td>Your Messages</td><td>7</td></tr></table>







CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY





INSTITUTIONAL INTERESTS

FINANCIAL TRUST CO TTEE *

ATTN JEANIE BRENNEN

6100 RED HOOK QUARTER

SUITE B-3

ST THOMAS VI 00802



Bear, Steams Securities Corp.

One Metratech Center North

Brooklyn, New York 11201-3859



INSTITUTIONAL INTERESTS



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

| STATEMENT PERIOD | December 1, 2001 |

| :--- | :--- |

| THROUGH | December 31, 2001 |

Your Portfolio at a Glance

<table border="1"><tr><td>TOTAL VALUE OF SECURITIES THIS PERIOD</td><td>72,600</td></tr><tr><td>NET CREDIT BALANCE</td><td>599,295</td></tr><tr><td>MONEY MARKET FUND BALANCE</td><td>34,802,447</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$35,474,342</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>35,410,694</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>63,648</td></tr></table>

Market Value of Your Portfolio

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., One Metrotech Center North, Brooklyn, N.Y. 11201-3859.

If any information regarding 2001 interest, dividends, miscellaneous income, gross proceeds or original issue discount is required to be reported to the IRS for this account, a Consolidated Form 1099 will be mailed to you by January 31, 2002 or 1042S by March 15, 2002.

## Important Message

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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CLEARED THROUGH ITS
WHOLLY OWNED SUBSIDIARY




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Bear, Steams Securities Corp.
One Metrotech Center North
Brooklyn, New York 11201-3859



INSTITUTIONAL INTERESTS


STATEMENT BACKER IS PRINTED ON THIS PAGE

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EFTA00197858



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

Bear, Stearns & Co. Inc.
383 Madison Avenue
New York, New York 10179

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Cash Flow Analysis

<table border="1"><tr><td></td><th>THIS PERIOD</th></tr><tr><td>OpeningBalance</td><td>$9,587,957.27</td></tr><tr><td>Money Fund</td><td>50,909.62</td></tr><tr><td>Dividends/Interest</td><td>11,338.00</td></tr><tr><td>Amount Credited</td><td>$62,247.62</td></tr><tr><td>Money Fund</td><td>-9,050,909.62</td></tr><tr><td>Amount Debited</td><td>$-9,050,909.62</td></tr><tr><td>Net Cash Activity</td><td>-8,988,662.00</td></tr><tr><td>Closing Balance</td><td>$599,295.27</td></tr></table>

Same day transfers of cash between account types are not included in this section; such transfers, as well as details for all other transactions this period, appear in Transaction Detail.

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>1,381,989.85</td><td>599,295.27</td></tr><tr><td>Margin</td><td>8,205,966.50</td><td>0.10</td></tr><tr><td>Short</td><td>0.92</td><td>-0.10</td></tr><tr><td>Net Cash Balance</td><td>$9,587,957.27</td><td>$599,295.27</td></tr></table>

Income Summary

<table border="1"><tr><td></td><th>THIS PERIOD</th><th>YEAR TO DATE</th></tr><tr><td>Dividends</td><td>50,909.62</td><td>565,744.58</td></tr><tr><td>Credit Balance Int.</td><td>9,387.90</td><td>54,951.02</td></tr><tr><td>Total</td><td>$60,297.52</td><td>$620,695.60</td></tr><tr><td>Margin Int. Paid</td><td>0.00</td><td>-1,558.64</td></tr></table>

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>35,401,742</td></tr><tr><td>Equities</td><td>72,600</td></tr><tr><td>Total</td><td>$35,474,342</td></tr></table>



CLEARED THROUGH ITS
WHOLLY OWNED SUBSDIARY


Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859



INSTITUTIONAL INTERESTS


Your Portfolio Allocation

EFTA00197859



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

Bear, Stearns & Co. Inc.
383 Madison Avenue
New York, New York 10179

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## Your Portfolio Holdings

## CASH & CASH EQUIVALENTS

<table><thead><tr><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>PRICE</th><th>MARKET VALUE</th><th>ESTIMATED ANNUAL INCOME</th><th>CURRENT YIELD (%)</th></tr></thead><tbody><tr><td>CASH BALANCE</td><td></td><td></td><td></td><td>599,295</td><td></td><td></td></tr><tr><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 2,1000%</td><td></td><td>34,802,447.11</td><td>1.0000</td><td>34,802,447</td><td>800,456</td><td>2.3000</td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$35,401,742</td><td>$800,456</td><td></td></tr></tbody></table>

## EQUITIES

## Equities & Options

<table border="1"><tr><td>DESCRIPTION</td><td>SYMBOL/CUSIP</td><td>ACCT TYPE</td><td>QUANTITY</td><td>PRICE</td><td>MARKET VALUE</td><td>ESTIMATED ANNUAL INCOME</td><td>CURRENT YIELD(%)</td></tr><tr><td>BANK PLUS CORP</td><td></td><td>CASH</td><td>10,000</td><td>7.2600</td><td>72,600</td><td></td><td></td></tr><tr><td>Total Equities&amp;Options</td><td></td><td></td><td></td><td></td><td>$72,600</td><td>$0</td><td></td></tr><tr><td>TOTAL EQUITIES</td><td></td><td></td><td></td><td></td><td>$72,600</td><td>$0</td><td></td></tr></table>

<table border="1"><tr><td>YOUR TOTAL ESTIMATED ANNUAL INCOME</td><td>$800,456</td></tr><tr><td>YOUR PRICED PORTFOLIOHOLDINGS</td><td>$35,474,342</td></tr></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY



Bear, Steams Securities Corp.

One Meterotech Center North Brooklyn, New York 11201-3859



INSTITUTIONAL INTERESTS


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V519

EFTA00197860



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT
Bear, Stearns & Co. Inc.
383 Madison Avenue
New York, New York 10179

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY

Bear, Stearns Securities Corp.
One Metratech Center North
Brooklyn, New York 11201-3859

**5 of 7**



INSTITUTIONAL INTERESTS





Transaction Detail


## MONEY FUND ACTIVITY

<table><thead><tr><th>DATE MO/DAY</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>PRICE</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>12/01/01</td><td></td><td>OPENINGBALANCE</td><td></td><td>25,751,537.49</td><td></td><td></td><td></td></tr><tr><td>12/03/01</td><td>DIVIDEND</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND</td><td></td><td></td><td></td><td></td><td>50,909.62</td></tr><tr><td>12/03/01</td><td>REINVEST</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVESTED</td><td></td><td>50,909.62</td><td></td><td>50,909.62</td><td></td></tr><tr><td>12/31/01</td><td>BOUGHT</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES</td><td></td><td>9,000,000</td><td>1.0000</td><td>9,000,000.00</td><td></td></tr><tr><td>12/31/01</td><td></td><td>CLOSINGBALANCE</td><td></td><td>34,802,447.11</td><td></td><td></td><td></td></tr><tr><td colspan="5">TOTAL</td><td></td><td>-9,050,909.62</td><td>$50,909.62</td></tr></tbody></table>



INTEREST


<table><thead><tr><th>DATE</th><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>RATE (%)</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>12/21/01</td><td>INTEREST ON CREDIT BALANCE AT 1 1/4% 12/11 THRU 12/20</td><td></td><td></td><td>1.2500</td><td></td><td>3,329.15</td></tr><tr><td>12/21/01</td><td>INTEREST ON CREDIT BALANCE AT 1 1/2% 11/19 THRU 12/10</td><td></td><td></td><td>1.5000</td><td></td><td>6,058.75</td></tr><tr><td>12/21/01</td><td>SHT ACCT FEE 11/21-12/20 01</td><td></td><td></td><td></td><td></td><td>1,950.10</td></tr><tr><td colspan="6">TOTAL</td><td>$11,338.00</td></tr></tbody></table>

## MISCELLANEOUS

<table><thead><tr><th>DATE MO/DAY</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>12/03/01</td><td>JOURNAL</td><td>MARK TO MARKET</td><td></td><td>0.92</td></tr></tbody></table>

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BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

Bear, Stearns & Co. Inc.
383 Madison Avenue
New York, New York 10179

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## **Transaction Detail** (continued)

## MISCELLANEOUS (continued)

<table><thead><tr><th>DATE MO/DAY</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>12/03/01</td><td>JOURNAL</td><td>MARK TO MARKET SHORT POS</td><td>0.92</td><td></td></tr><tr><td>12/24/01</td><td>JOURNAL</td><td>MARK TO MARKET</td><td></td><td>1,950.00</td></tr><tr><td>12/24/01</td><td>JOURNAL</td><td>MARK TO MARKET SHORT POS</td><td>1,950.00</td><td></td></tr><tr><td>12/31/01</td><td>JOURNAL</td><td>JOURNAL FROM TYPE 5 TO 1</td><td></td><td>0.10</td></tr><tr><td>12/31/01</td><td>JOURNAL</td><td>JOURNAL FROM TYPE 2 TO 1</td><td></td><td>8,207,917.42</td></tr><tr><td>12/31/01</td><td>JOURNAL</td><td>JOURNAL FROM TYPE 2 TO 1</td><td>8,207,917.42</td><td></td></tr><tr><td>12/31/01</td><td>JOURNAL</td><td>MARK TO MARKET</td><td></td><td>0.10</td></tr><tr><td>12/31/01</td><td>JOURNAL</td><td>MARK TO MARKET SHORT POS</td><td>0.10</td><td></td></tr><tr><td>12/31/01</td><td>JOURNAL</td><td>JOURNAL FROM TYPE 5 TO 1</td><td>0.10</td><td></td></tr><tr><td colspan="3">TOTAL</td><td>-8,209,868.54</td><td>$8,209,868.54</td></tr></tbody></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSDIARY



Bear, Steams Securities Corp.

One Mebrotech Center North Brooklyn, New York 11201-3859



INSTITUTIONAL INTERESTS



## Trades Executed Pending Settlement

<table><thead><tr><th>SETTLEMENT DATE</th><th>TRADE DATE</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>PRICE</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>01/03/02</td><td>12/28/01</td><td>SOLD</td><td>BANK PLUS CORP</td><td></td><td>-10,000.00</td><td>7.1400</td><td></td><td>71,398.92</td></tr><tr><td colspan="6">TOTAL</td><td></td><td>$0.00</td><td>$71,398.92</td></tr></tbody></table>

The above trades do not appear in any other section of this statement.

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BEAR
STEARNS




OFFICE SERVICING YOUR ACCOUNT
Bear, Stearns & Co. Inc.
383 Madison Avenue
New York, New York 10179


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## Your messages



As part of the National Association of Securities Dealer's (NASD) Investor Education Program, you may obtain information on the NASD’s Public Disclosure Program by contacting the NASD at telephone number (800) 289-9999 or via the internet address which is www.nasdr.com. In addition, a brochure explaining the Public Disclosure Program is available from the NASD upon request.





******* End of Statement*******





CLEARED THROUGH ITS

CLEARLY WOUNDED SUBSIDIARY



Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859



INSTITUTIONAL INTERESTS



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