EFTA00197863

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>6</td></tr></table>







INSTITUTIONAL INTERESTS

FINANCIAL TRUST CO TTEE *

ATTN JEANIE BRENNEN

6100 RED HOOK QUARTER

SUITE B-3

ST THOMAS VI 00802





CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY



Bear, Steams Securities Corp.

One Metratech Center North Brooklyn, New York 11201-3859

## Your Portfolio at a Glance

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



INSTITUTIONAL INTERESTS



<table border="1"><tr><td>TOTAL VALUE OF SECURITIES THIS PERIOD</td><td>71,200</td></tr><tr><td>NET CREDIT BALANCE</td><td>9,587,957</td></tr><tr><td>MONEY MARKET FUND BALANCE</td><td>25,751,537</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$35,410,694</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>35,316,922</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>93,772</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.

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




2 of 7


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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EFTA00197865



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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

3 of 7

Cash Flow Analysis

<table border="1"><tr><td></td><td>THIS PERIOD</td></tr><tr><td>OpeningBalance</td><td>$9,082,051.19</td></tr><tr><td>Money Fund</td><td>537,366.49</td></tr><tr><td>Funds Deposited</td><td>16,595.94</td></tr><tr><td>Dividends/Interest</td><td>15,186.86</td></tr><tr><td>Amount Credited</td><td>$569,149.29</td></tr><tr><td>Money Fund</td><td>-62,366.49</td></tr><tr><td>Dividends/Interest Charged</td><td>-876.72</td></tr><tr><td>Amount Debited</td><td>$-63,243.21</td></tr><tr><td>Net Cash Activity</td><td>505,906.08</td></tr><tr><td>ClosingBalance</td><td>$9,587,957.27</td></tr><tr><td colspan="2">Same day transfers of cash between account types are not included in this section. Such transfers will be detailed for all other transactions this period.</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>889,554.39</td><td>1,381,989.85</td></tr><tr><td>Margin</td><td>-681,119.49</td><td>8,205,966.50</td></tr><tr><td>Short</td><td>8,873,616.29</td><td>0.92</td></tr><tr><td>Net Cash Balance</td><td>$9,082,051.19</td><td>$9,587,957.27</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>63,053.99</td><td>514,834.96</td></tr><tr><td>Credit Balance Int.</td><td>152.02</td><td>45,563.12</td></tr><tr><td>Total</td><td>$63,206.01</td><td>$560,398.08</td></tr><tr><td>Margin Int. Paid</td><td>414.99</td><td>-1,558.64</td></tr></table>

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>35,339,494</td></tr><tr><td>Equities</td><td>71,200</td></tr><tr><td>Total</td><td>$35,410,694</td></tr></table>

027



CLEARED THROUGH ITS
WHOLLY OWNED SUBSDIARY


Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859



INSTITUTIONAL INTERESTS




12/01/01;10:46 001


Your Portfolio Allocation

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

EFTA00197866



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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

4 of 7

## 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>9,587,957</td><td></td><td></td></tr><tr><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST. 30 DAY AVG YIELD 2,3800%</td><td></td><td>25,751,537.49</td><td>1.0000</td><td>25,751,537</td><td>721,043</td><td>2.8000</td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$35,339,494</td><td>$721,043</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>7.1200</td><td>71,200</td><td></td><td></td></tr><tr><td>Total Equities&amp;Options</td><td></td><td></td><td></td><td></td><td>$71,200</td><td>$0</td><td></td></tr><tr><td>TOTAL EQUITIES</td><td></td><td></td><td></td><td></td><td>$71,200</td><td>$0</td><td></td></tr></table>

<table border="1"><tr><td>YOUR TOTAL ESTIMATED ANNUAL INCOME</td><td>$721,043</td></tr><tr><td>YOUR PRICED PORTFOLIOHOLDINGS</td><td>$35,410,694</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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EFTA00197867



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 Metrotech Center North Brooklyn, New York 11201-3859

**5 of 7**



INSTITUTIONAL INTERESTS





Transaction Detail


## INVESTMENT ACTIVITY

<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>11/21/01</td><td></td><td>JOURNAL</td><td>MEDTRONIC INC<br>JOURNAL FROM TYPE 1 TO 5<br>PER LOA</td><td>■</td><td>-75,300</td><td></td><td></td><td></td></tr><tr><td>11/21/01</td><td></td><td>JOURNAL</td><td>FINANCIAL SVCS GROUP INC<br>JOURNAL FROM TYPE 1 TO 5<br>PER LOA</td><td>■</td><td>-55,000</td><td></td><td></td><td></td></tr><tr><td>11/21/01</td><td></td><td>JOURNAL</td><td>TYCO INTERNATIONAL LTD<br>JOURNAL FROM TYPE 1 TO 5<br>PER LOA</td><td>■</td><td>-55,000</td><td></td><td></td><td></td></tr><tr><td>11/21/01</td><td></td><td>JOURNAL</td><td>MEDTRONIC INC<br>JOURNAL FROM TYPE 1 TO 5<br>PER LOA</td><td>■</td><td>75,300</td><td></td><td></td><td></td></tr><tr><td>11/21/01</td><td></td><td>JOURNAL</td><td>FINANCIAL SVCS GROUP INC<br>JOURNAL FROM TYPE 1 TO 5<br>PER LOA</td><td>■</td><td>55,000</td><td></td><td></td><td></td></tr><tr><td>11/21/01</td><td></td><td>JOURNAL</td><td>TYCO INTERNATIONAL LTD<br>JOURNAL FROM TYPE 1 TO 5<br>PER LOA</td><td>■</td><td>55,000</td><td></td><td></td><td></td></tr></tbody></table>

## DEPOSITS AND WITHDRAWALS

<table><thead><tr><th>DATE</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>11/19/01</td><td>DEPOSIT</td><td>INSTITUTIONAL INTS OO BS MORGAN</td><td></td><td>16,595.94</td></tr><tr><td colspan="3">TOTAL</td><td></td><td>$16,595.94</td></tr></tbody></table>

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V513

EFTA00197868



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

6 of 7



INSTITUTIONAL INTERESTS



<table><thead><tr><th>DATE MOID/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>10/27/01</td><td></td><td>OPENINGBALANCE</td><td></td><td>26,164,171</td><td></td><td></td><td></td></tr><tr><td>11/01/01</td><td>DIVIDEND</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES<br>MONTHLY DIVIDEND</td><td></td><td></td><td></td><td></td><td>62,366.49</td></tr><tr><td>11/01/01</td><td>REINVEST</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES<br>DIVIDEND REINVESTED</td><td></td><td>62,366.49</td><td></td><td>62,366.49</td><td></td></tr><tr><td>11/05/01</td><td>SOLD</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES<br>S/D SELL</td><td></td><td>-75,000</td><td>1.0000</td><td></td><td>75,000.00</td></tr><tr><td>11/19/01</td><td>SOLD</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES</td><td></td><td>-400,000</td><td>1.0000</td><td></td><td>400,000.00</td></tr><tr><td>11/30/01</td><td></td><td>CLOSINGBALANCE</td><td></td><td>25,751,537.49</td><td></td><td></td><td></td></tr><tr><td colspan="8">TOTAL</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td>-62,366.49</td><td>$537,366.49</td></tr></tbody></table>

## DIVIDENDS

<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>11/01/01</td><td>TYCO INTERNATIONAL LTD<br>REC 10/01/01 PAY 11/01/01</td><td>■</td><td>55,000</td><td>0.0125</td><td></td><td>687.50</td></tr><tr><td>11/01/01</td><td>TYCO INTERNATIONAL LTD<br>DIV CHG 55000 SHS SHORT<br>REC 10/01/01 PAY 11/01/01</td><td>■</td><td></td><td></td><td>687.50</td><td></td></tr><tr><td colspan="5">TOTAL</td><td>-687.50</td><td>$687.50</td></tr></tbody></table>

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12/01/01;10:46 001


EFTA00197869



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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



CLEARED THROUGH ITS
WHOLLY OWNED SUBSDIARY


7 of 7



Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859





INSTITUTIONAL INTERESTS



## **Transaction Detail** (continued)



INTEREST


STATEMENT PERIOD October 27,2001

THROUGH November 30, 2001

<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>11/07/01</td><td>INT ADJ 9/24-10/01 @CALL +1%</td><td></td><td></td><td></td><td></td><td>604.21</td></tr><tr><td>11/21/01</td><td>INTEREST ON CREDIT BALANCE<br>AT 1 1/2% 11/06 THRU 11/20</td><td></td><td></td><td>1.5000</td><td></td><td>51.67</td></tr><tr><td>11/21/01</td><td>INTEREST ON CREDIT BALANCE<br>AT 2,000% 10/21 THRU 11/05</td><td></td><td></td><td>2.0000</td><td></td><td>100.35</td></tr><tr><td>11/21/01</td><td>FROM 10/21 THRU 11/05 @4 1/2%<br>BAL 759,079 AVBAL 23,069</td><td></td><td></td><td>4.5000</td><td>46.14</td><td></td></tr><tr><td>11/21/01</td><td>FROM 11/06 THRU 11/20 @4 %<br>BAL 1154,582 AVBAL 85,849</td><td></td><td></td><td>4.0000</td><td>143.08</td><td></td></tr><tr><td>11/21/01</td><td>SHT ACCT FEE 10/21-11 20 01</td><td></td><td></td><td></td><td></td><td>13,743.13</td></tr><tr><td colspan="5">TOTAL</td><td>-189.22</td><td>$14,499.36</td></tr></tbody></table>

| LAST STATEMENT | October 26, 2001 |

| :--- | :--- |

## 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>10/29/01</td><td>JOURNAL</td><td>MARK TO MARKET</td><td>261,558.00</td><td></td></tr><tr><td>10/29/01</td><td>JOURNAL</td><td>MARK TO MARKET SHORT POS</td><td></td><td>261,558.00</td></tr><tr><td>11/05/01</td><td>JOURNAL</td><td>MARK TO MARKET</td><td></td><td>183,598.00</td></tr><tr><td>11/05/01</td><td>JOURNAL</td><td>MARK TO MARKET SHORT POS</td><td>183,598.00</td><td></td></tr><tr><td>11/12/01</td><td>JOURNAL</td><td>MARK TO MARKET</td><td>390,730.00</td><td></td></tr><tr><td>11/12/01</td><td>JOURNAL</td><td>MARK TO MARKET SHORT POS</td><td></td><td>390,730.00</td></tr><tr><td>11/19/01</td><td>JOURNAL</td><td>MARK TO MARKET</td><td>5,377.00</td><td></td></tr><tr><td>11/19/01</td><td>JOURNAL</td><td>MARK TO MARKET SHORT POS</td><td></td><td>5,377.00</td></tr><tr><td>11/26/01</td><td>JOURNAL</td><td>MARK TO MARKET</td><td></td><td>9,360,738.00</td></tr><tr><td>11/26/01</td><td>JOURNAL</td><td>MARK TO MARKET SHORT POS</td><td>9,360,738.00</td><td></td></tr><tr><td>TOTAL</td><td></td><td></td><td>-10,202,001.00</td><td>$10,202,001.00</td></tr></tbody></table>

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