Bear Stearns brokerage statement for an institutional trust account, October 2001

EFTA00197870¶

OFFICE SERVICING YOUR ACCOUNT¶

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

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| :--- | :--- |¶

| ACCOUNT EXECUTIVE | ZICHERMAN, IRA |¶

| TELEPHONE | |¶

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

What’s In This Statement¶

Financial Summary	3
Your Portfolio Holdings	4
Transaction Detail	5
Fund Activity	5

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¶

Your Portfolio at a Glance¶

Bear, Steams Securities Corp.¶

One Metratech Center North¶

Brooklyn, New York 11201-3859¶

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	70,700
NET CREDIT BALANCE	9,082,051
MONEY MARKET FUND BALANCE	26,164,171
NET EQUITY THIS PERIOD	$35,316,922
NET EQUITY LAST STATEMENT	40,545,284
CHANGE SINCE LAST STATEMENT	-5,228,362

INSTITUTIONAL INTERESTS¶

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¶

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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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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¶

	THIS PERIOD
OpeningBalance	$10,793,837.98
Money Fund	3,681,225.05
Dividends/Interest	47,464.59
Amount Credited	$3,728,689.64
Money Fund	-81,225.05
Funds Withdrawn	-797,556.00
Dividends/Interest Charged	-32,703.38
Miscellaneous	-4,528,992.00
Amount Debited	$-5,440,476.43
Net Cash Activity	-1,711,786.79
Closing Balance	$9,082,051.19

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¶

	OPENING	CLOSING
Cash	408,332.05	889,554.39
Margin	2,318,693.89	-681,119.49
Short	8,066,812.04	8,873,616.29
Net Cash Balance	$10,793,837.98	$9,082,051.19

Income Summary¶

	THIS PERIOD	YEAR TO DATE
Dividends	111,954.80	451,780.97
Credit Balance Int.	1,548.84	45,411.10
Total	$113,503.64	$497,192.07
Margin Int. Paid	-1,973.63	-1,973.63

Portfolio Composition¶

	SHORT	LONG
Cash/Cash Equivalent		35,246,222
Equities	9,135,175	9,205,875
Total	$9,135,175	$44,452,097

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶

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Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

INSTITUTIONAL INTERESTS¶

Your Portfolio Allocation¶

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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 Portfolio Holdings¶

CASH & CASH EQUIVALENTS¶

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
CASH BALANCE				9,082,051
DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 2,7900%		26,164,171	1.0000	26,164,171	863,418	3.3000
TOTAL CASH & CASH EQUIVALENTS				$35,246,222	$863,418

EQUITIES¶

Equities & Options¶

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
BANK PLUS CORP	■	CASH	10,000	7.0700	70,700
MEDTRONIC INC	■	CASH	75,300	42.2500	3,181,425	17,319	0.5444
MEDTRONIC INC	■	SHRT	-75,300	42.2500	-3,181,425	-17,319	0.5444
PNC FINANCIAL SVCS GROUP INC	■	CASH	55,000	57.7500	3,176,250	105,600	3.3247
PNC FINANCIAL SVCS GROUP INC	■	SHRT	-55,000	57.7500	-3,176,250	-105,600	3.3247
TYCO INTERNATIONAL LTD	■	CASH	55,000	50.5000	2,777,500	2,750	0.0990
TYCO INTERNATIONAL LTD	■	SHRT	-55,000	50.5000	-2,777,500	-2,750	0.0990
Total Equities& Options					$70,700	$0
TOTAL EQUITIES					$70,700	$0

YOUR TOTAL ESTIMATED ANNUAL INCOME	$863,418
YOUR PRICED PORTFOLIOHOLDINGS	$35,316,922

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

Bear, Steams Securities Corp.¶

One Meterotech Center North Brooklyn, New York 11201-3859¶

INSTITUTIONAL INTERESTS¶

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EFTA00197874¶

BEAR STEARNS¶

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

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

5 of 7¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

Transaction Detail¶

DEPOSITS AND WITHDRAWALS¶

DATE	TRANSACTION	DESCRIPTION	DEBIT AMOUNT	CREDIT AMOUNT
10/01/01	FND WIRED	MDA# FNDS WIRED TO J P MORGAN BANK $ COMING FROM DREYFUS	754,832.00
10/25/01	CHECK	CK #MT351452 GEORGE V. DELSON	12,324.00
10/26/01	CHECK	CK #MT351770 LAWRENCE NEWMAN	30,400.00
TOTAL			-797,556.00

INSTITUTIONAL INTERESTS¶

MONEY FUND ACTIVITY¶

DATE MOIDAY	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
09/29/01		OPENINGBALANCE		29,682,945.95
10/01/01	SOLD	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES		-2,700,000	1.0000		2,700,000.00
10/01/01	DIVIDEND	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND					81,225.05
10/01/01	REINVEST	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVESTED		81,225.05		81,225.05
10/15/01	SOLD	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES		-900,000	1.0000		900,000.00
10/26/01		CLOSINGBALANCE		26,164,171
TOTAL						-$81,225.05	$3,681,225.05

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EFTA00197875¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

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

CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶

6 of 7¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

INSTITUTIONAL INTERESTS¶

Transaction Detail (continued)¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	DEBIT AMOUNT	CREDIT AMOUNT
10/09/01	MEDTRONIC INC DIV CHG 75300 SHS SHORT REC 10/05/01 PAY 10/26/01	■			4,329.75
10/15/01	PNC FINANCIAL SVCS GROUP INC DIV CHG 55000 SHS SHORT REC 10/12/01 PAY 10/24/01	■			26,400.00
10/24/01	PNC FINANCIAL SVCS GROUP INC REC 10/12/01 PAY 10/24/01	■	55,000	0.4800		26,400.00
10/26/01	MEDTRONIC INC REC 10/05/01 PAY 10/26/01	■	75,300	0.0575		4,329.75
TOTAL					-30,729.75	$30,729.75

INTEREST¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
10/22/01	INTEREST ON CREDIT BALANCE AT 2,000% 10/02 THRU 10/20			2.0000		17.52
10/22/01	INTEREST ON CREDIT BALANCE AT 1 1/2% 09/21 THRU 09/23			1.5000		205.68
10/22/01	INTEREST ON CREDIT BALANCE AT 2 1/2% 09/24 THRU 10/01			2.5000		1,325.64
10/22/01	FROM 09/24 THRU 10/01 @7 % BAL 1458,706- AVBAL 89,598			7.0000	139.37
10/22/01	FROM 10/02 THRU 10/20 @6 1/2% BAL 847,434 AVBAL 534,683			6.5000	1,834.26
10/22/01	SHT ACCT FEE 09/21-10 20 01					15,186.00
TOTAL					-1,973.63	$16,734.84

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10/27/01;09:11 001¶

EFTA00197876¶

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¶

DATE MO/DAY	TRANSACTION	DESCRIPTION	DEBIT AMOUNT	CREDIT AMOUNT
10/01/01	JOURNAL	TO 047-30185 PER LOA	4,528,992.00
10/01/01	JOURNAL	MARK TO MARKET	859,987.00
10/01/01	JOURNAL	MARK TO MARKET SHORT POS		859,987.00
10/02/01	JOURNAL	JOURNAL FROM TYPE 2 TO 1		2,175,491.75
10/02/01	JOURNAL	JOURNAL FROM TYPE 2 TO 1	2,175,491.75
10/08/01	JOURNAL	MARK TO MARKET	120,112.00
10/08/01	JOURNAL	MARK TO MARKET SHORT POS		120,112.00
10/15/01	JOURNAL	MARK TO MARKET	10,538.00
10/15/01	JOURNAL	MARK TO MARKET SHORT POS		10,538.00
10/22/01	JOURNAL	MARK TO MARKET		168,289.00
10/22/01	JOURNAL	MARK TO MARKET SHORT POS	168,289.00
TOTAL			-$7,863,409.75	$3,334,417.75

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

******* End of Statement*******¶

Bear, Steams Securities Corp.¶

One Mebrotech Center North Brooklyn, New York 11201-3859¶

INSTITUTIONAL INTERESTS¶

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