Transaction Detail

Fund Activity ... 15 # INSTITUTIONAL INTERESTS FINANCIAL TRUST CO TTEE * ATTN 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 Metrotech 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. | LAST STATEMENT | July 26, 2002 | | :--- | :--- | ACCOUNT NUMBER

TOTAL VALUE OF SECURITIES THIS PERIOD	78,608
NET CREDIT BALANCE	107,039
MONEY MARKET FUND BALANCE	45,085,288
NET EQUITY THIS PERIOD	$45,270,935
NET EQUITY LAST STATEMENT	45,167,460
CHANGE SINCE LAST STATEMENT	103,475

TAXPAYER NUMBER On File INSTITUTIONAL INTERESTS STATEMENT PERIOD July 27, 2002 THROUGH August 30, 2002 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. | SPC | 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 | 08/31/02;13:23 001 | V566 EFTA00197982 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY 2 of 17 Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS STATEMENT BACKER IS PRINTED ON THIS PAGE 027 EFTA00197983 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 3 of 17 Cash Flow Analysis

	THIS PERIOD
OpeningBalance	$57,885.05
Securities Sold	7,843,167.77
Money Fund	50,579.43
Dividends/Interest	1,628.62
Miscellaneous	4,400.77
Amount Credited	$7,899,776.59
Money Fund	-7,850,579.43
Miscellaneous	-43.23
Amount Debited	$-7,850,622.66
Net Cash Activity	49,153.93
Closing Balance	$107,038.98

Cash Balance Summary

	OPENING	CLOSING
Cash	57,885.05	107,038.98
Net Cash Balance	$57,885.05	$107,038.98

Income Summary

	THIS PERIOD	YEAR TO DATE
Dividends	51,547.11	347,167.11
Credit Balance Int.	660.94	5,231.51
Total	$52,208.05	$352,398.62
Foreign Tax Withheld	-43.23	-43.23

Portfolio Composition

Cash/Cash Equivalent	45,192,327
Equities	78,608
Total	$45,270,935

027 Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD July 27, 2002 THROUGH August 30, 2002 ACCOUNT NUMBER TAXPAYER NUMBER On File Your Portfolio Allocation | LAST STATEMENT | July 26, 2002 | | :--- | :--- | 08/31/02;13:23 001 Unshaded portions denote debit balance and/or short market values. The allocation percentage is derived from the absolute market value of your portfolio. EFTA00197984 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 4 of 17 ## Your Portfolio Holdings ## CASH & CASH EQUIVALENTS

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
CASH BALANCE				107,039
DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 1,7300%	DICXX	45,085,287.69	1.0000	45,085,288	766,450	1.7000
TOTAL CASH & CASH EQUIVALENTS				$45,192,327	$766,450

## EQUITIES ## Equities & Options

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME
WTS AMERICAN BANK NOTE HOLOGRAPHICS INC EXP 06/18/2003	ABHHW	CASH	2,151	0.0500	108
UNITED RETAIL GROUP INC Total Equities& Options	URGI	CASH	15,700	5.0000	78,500
TOTAL EQUITIES					$78,608	$0

YOUR TOTAL ESTIMATED ANNUAL INCOME	$766,450
YOUR PRICED PORTFOLIOHOLDINGS	$45,270,934

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD July 27, 2002 | THROUGH | August 30, 2002 | | :--- | :--- | AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 26, 2002 | | :--- | :--- | 027 08/31/02;13:23 001 V566 EFTA00197985 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 17** INSTITUTIONAL INTERESTS Transaction Detail ## INVESTMENT ACTIVITY

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	CREDIT AMOUNT
08/05/02	07/31/02	SOLD	ABBOTT LABORATORIES UNSOLICITED SEE NOTE 'S' ON BACK	ABT	-1,300	41.08000	53,324.39
08/05/02	07/31/02	SOLD	ANALOG DEVICES INC WITH RIGHTS TO PURCHASE COMMON STK UNDER CERTAIN CIRCUMSTANCE AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	ADI	-1,300	23.04620	29,881.15
08/05/02	07/31/02	SOLD	BEA SYSTEMS INC UNSOLICITED WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REQUEST UNIT PRICE - 5.710800 DIFFERENCE - 0.060000	BEAS	-4,300	5.65050	24,296.41
08/05/02	07/31/02	SOLD	BEVERLY ENTERPRISES INC NEW AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	BEV	-25,000	3.15250	77,310.12
08/05/02	07/31/02	SOLD	C.R BARD INC WITH RIGHTS TO PURCHASE COMMON STK UNDER CERTAIN CIRCUMSTANCE AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	BCR	-1,700	53.13350	90,222.23
08/05/02	07/31/02	SOLD	CALPINE CORP UNSOLICITED	CPN	-5,000	4.91000	24,249.26
08/05/02	07/31/02	SOLD	CALPINE CORP UNSOLICITED	CPN	-5,000	4.92000	24,299.25
08/05/02	07/31/02	SOLD	CALPINE CORP SOLICITED	CPN	-6,000	4.93000	29,219.10

027 08/31/02;13:23 001 EFTA00197986 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 6 of 17 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD July 27, 2002 ## INVESTMENT ACTIVITY (continued) | THROUGH | August 30, 2002 | | :--- | :--- | ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 26, 2002 | | :--- | :--- |

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	CREDIT AMOUNT
08/05/02	07/31/02	SOLD	COSTCO WHOLESALE CORP-NEW UNSOLICITED WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REQUEST UNIT PRICE 34,414600 DIFFERENCE - 0,060000	COST	-1,950	34.35460	66,989.45
08/05/02	07/31/02	SOLD	CITIZENS COMMUNICATIONS CO UNSOLICITED	CZN	-5,000	5.30000	26,199.20
08/05/02	07/31/02	SOLD	CITIZENS COMMUNICATIONS CO UNSOLICITED	CZN	-5,000	5.30000	26,199.20
08/05/02	07/31/02	SOLD	CITIZENS COMMUNICATIONS CO UNSOLICITED	CZN	-5,000	5.30000	26,199.20
08/05/02	07/31/02	SOLD	CSX CORP WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	CSX	-2,700	34.48780	92,952.25
08/05/02	07/31/02	SOLD	CABOT CORP WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	CBT	-2,000	24.68900	49,256.51
08/05/02	07/31/02	SOLD	CANDIES INC AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED AVG PRICE: DETAILS ON REQUEST	CAND	-346	3.22000	1,064.08
08/05/02	07/31/02	SOLD	CONTINENTAL AIRLINES INC-CL B UNSOLICITED	CAL	-3,350	10.55000	35,140.43
08/05/02	07/31/02	SOLD	EDISON INTERNATIONAL UNSOLICITED	EIX	-4,650	13.00000	60,169.18

027 08/31/02;13:23 001 EFTA00197987 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 7 of 17 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD July 27, 2002 | THROUGH | August 30, 2002 | | :--- | :--- | ## INVESTMENT ACTIVITY (continued) TAXPAYER NUMBER On File | LAST STATEMENT | July 26, 2002 | | :--- | :--- |

DEMENT DATE	DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	CREDIT AMOUNT
08/05/02	07/31/02	SOLD	EDISON INTERNATIONAL UNSOLICITED	EIX	-10,000	13.00000	129,396.08
08/05/02	07/31/02	SOLD	EMMIS COMMUNICATIONS CORP-CL A UNSOLICITED WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REQUEST UNIT PRICE 15,948700 DIFFERENCE - 0,060000	EMMS	-4,750	15.88870	75,469.05
08/05/02	07/31/02	SOLD	JONES APPAREL GROUP INC UNSOLICITED	JNY	-2,000	34.00000	67,877.95
08/05/02	07/31/02	SOLD	LIBERTY MEDIA CORP SER A NEW UNSOLICITED	L	-3,000	7.58000	22,559.31
08/05/02	07/31/02	SOLD	LIBERTY MEDIA CORP SER A NEW UNSOLICITED	L	-3,600	7.60000	27,143.17
08/05/02	07/31/02	SOLD	LIBERTY MEDIA CORP SER A NEW UNSOLICITED	L	-10,000	7.56000	74,997.72
08/05/02	07/31/02	SOLD	LIZ CLAIBORNE INC UNSOLICITED	LIZ	-1,700	28.76000	48,788.52
08/05/02	07/31/02	SOLD	MILLENNIUM CHEMICALS INC UNSOLICITED	MCH	-8,600	12.25000	104,830.82
08/05/02	07/31/02	SOLD	MYKROLS CORP UNSOLICITED	MYK	-2,100	7.90000	16,463.50
08/05/02	07/31/02	SOLD	NOVA CHEMICALS CORP AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	NCX	-4,500	20.07180	90,050.38
08/05/02	07/31/02	SOLD	NORTHWEST AIRLINES CORP UNSOLICITED WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REQUEST UNIT PRICE 9,180400 DIFFERENCE - 0,060000	NWAC	-2,500	9.12040	22,800.31

027 08/31/02;13:23 001 EFTA00197988 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 8 of 17 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD July 27, 2002 THROUGH August 30, 2002 ## INVESTMENT ACTIVITY (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 26, 2002 | | :--- | :--- |

MENTION DATE	ISSUE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	CREDIT AMOUNT
08/05/02	07/31/02	SOLD	OMNICARE INC AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	OCR	-9,800	20.96920	204,903.97
08/05/02	07/31/02	SOLD	PACIFIC SUNWEAR OF CALIFORNIA INC UNSOLICITED WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REQUEST UNIT PRICE 18,678500 DIFFERENCE - 0,060000	PSUN	-1,950	18.61850	36,304.98
08/05/02	07/31/02	SOLD	PACIFIC SUNWEAR OF CALIFORNIA INC UNSOLICITED WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REQUEST UNIT PRICE 18,670300 DIFFERENCE - 0,060000	PSUN	-2,000	18.61030	37,219.47
08/05/02	07/31/02	SOLD	PACIFIC SUNWEAR OF CALIFORNIA INC AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REQUEST	PSUN	-3,000	18.71030	56,129.21
08/05/02	07/31/02	SOLD	ROYAL CARIBBEAN CRUISES LTD UNSOLICITED SEE NOTE 'S' ON BACK	RCL	-3,000	19.73000	59,008.21
08/05/02	07/31/02	SOLD	ROYAL CARIBBEAN CRUISES LTD UNSOLICITED SEE NOTE 'S' ON BACK	RCL	-3,000	19.75000	59,068.21
08/05/02	07/31/02	SOLD	SICOR INC AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED AVG PRICE: DETAILS ON REQUEST	SCRI	-3,000	15.69000	46,888.58

027 08/31/02;13:23 001 EFTA00197989 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY Bear, Steams Securities Corp. One Meterobite Center North Brooklyn, New York 11201-3859 9 of 17 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD July 27, 2002 ## INVESTMENT ACTIVITY (continued) THROUGH August 30, 2002 ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 26, 2002 | | :--- | :--- |

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	CREDIT AMOUNT
08/05/02	07/31/02	SOLD	SANMINA-SGI CORP UNSOLICITED WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REQUEST UNIT PRICE 3,972900 DIFFERENCE - 0,060000	SANM	-10,900	3.91290	42,649.32
08/05/02	07/31/02	SOLD	SINCLAIR BROADCAST GROUP INC CL A UNSOLICITED WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REQUEST UNIT PRICE 11,497700 DIFFERENCE - 0,060000	SBGI	-14,400	11.43770	164,697.92
08/05/02	07/31/02	SOLD	TOMMY HILFIGER CORP-ORD UNSOLICITED	TOM	-2,000	13.05000	25,979.21
08/05/02	07/31/02	SOLD	UNITED PARCEL SVC INC CL B UNSOLICITED	UPS	-2,350	64.93000	152,439.90
08/05/02	07/31/02	SOLD	UNITED PARCEL SVC INC CL B UNSOLICITED	UPS	-3,000	64.94000	194,634.13
08/05/02	07/31/02	SOLD	YOUNG BROADCASTING INC-CL A AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REQUEST UNIT PRICE 10,690300	YBTVA	-2,000	10.63030	21,259.96
08/05/02	07/31/02	SOLD	YOUNG BROADCASTING INC-CL A AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REQUEST UNIT PRICE 10,690000	YBTVA	-2,700	10.63000	28,700.13

027 08/31/02;13:23 001 EFTA00197990 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 10 of 17 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD July 27, 2002 THROUGH August 30, 2002 ## INVESTMENT ACTIVITY (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 26, 2002 | | :--- | :--- |

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	CREDIT AMOUNT
08/06/02	08/01/02	SOLD	ABERCROMBIE & FITCH CO-CLA AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	ANF	-3,200	21.18970	67,612.99
08/06/02	08/01/02	SOLD	AMERICAN EAGLE OUTFITTERS INC NEW UNSOLICITED WE MAKE A MKT IN THIS SECURITY AVG PRICE DETAILS ON REQUEST UNIT PRICE - 16,276400 DIFFERENCE - 0,060000	AEOS	-4,500	16.21640	72,971.60
08/06/02	08/01/02	SOLD	BEVERLY ENTERPRISES INC NEW AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	BEV	-16,700	3.19000	52,269.39
08/06/02	08/01/02	SOLD	CYTC CORP UNSOLICITED WE MAKE A MKT IN THIS SECURITY REPORTED PRICE 8,950000 DIFFERENCE - 0,060000	CYTC	-14,100	8.89000	125,345.22
08/06/02	08/01/02	SOLD	CABOT CORP WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE UNSOLICITED	CBT	-2,000	24.62000	49,118.51
08/06/02	08/01/02	SOLD	KENNETH COLE PRODUCTIONS INC CL A AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	KCP	-2,000	25.26250	50,363.47
08/06/02	08/01/02	SOLD	CISCO SYSTEMS INC UNSOLICITED WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REQUEST UNIT PRICE 13,022900 DIFFERENCE - 0,060000	CSCO	-2,400	12.96290	31,110.02

027 08/31/02;13:23 001 EFTA00197991 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 11 of 17 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD July 27, 2002 THROUGH August 30, 2002 ## INVESTMENT ACTIVITY (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 26, 2002 | | :--- | :--- |

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	CREDIT AMOUNT
08/06/02	08/01/02	SOLD	DOW CHEMICAL CO AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	DOW	-9,400	29.10010	272,968.70
08/06/02	08/01/02	SOLD	EXPEDITORS INTERNATIONAL OF WASHINGTON INC UNSOLICITED WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REQUEST UNIT PRICE 28,105400 DIFFERENCE - 0,060000	EXPD	-3,900	28.04540	109,373.76
08/06/02	08/01/02	SOLD	FOX ENTERTAINMENT GROUP INC CL A AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	FOX	-10,300	20.00190	205,395.36
08/06/02	08/01/02	SOLD	FEDER CORP AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	FDX	-3,900	48.67000	189,573.28
08/06/02	08/01/02	SOLD	FOOT LOOKER INC AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	Z	-11,650	10.00000	115,797.49
08/06/02	08/01/02	SOLD	FEDERATED DEPARTMENT STORES INC-DEL AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	FD	-6,200	34.94350	216,271.17
08/06/02	08/01/02	SOLD	FLEXTRONICS INTERNATIONAL LTD UNSOLICITED WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REQUEST UNIT PRICE 8,150000 DIFFERENCE - 0,060000	FLEX	-6,300	8.09000	50,965.46

027 08/31/02;13:23 001 EFTA00197992 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY Bear, Steams Securities Corp. One Mebrotech Center North Brooklyn, New York 11201-3859 12 of 17 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD July 27, 2002 ## INVESTMENT ACTIVITY (continued) THROUGH August 30, 2002 ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 26, 2002 | | :--- | :--- |

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	CREDIT AMOUNT
08/06/02	08/01/02	SOLD	IONA TECHNOLOGIES PLC SPONSORED ADR UNSOLICITED WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REQUEST UNIT PRICE: 2,150,000 DIFFERENCE: -, 0,050000	IONA	-11,800	2.10000	24,779.25
08/06/02	08/01/02	SOLD	HONEYWELL INTL INC AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED SEE NOTE 'S' ON BACK	HON	-4,150	32.60000	135,036.92
08/06/02	08/01/02	SOLD	KOKILS CORP AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	KSS	-2,400	64.69250	155,113.32
08/06/02	08/01/02	SOLD	LIZ CLAIBORNE INC UNSOLICITED	LIZ	-2,000	28.62000	57,118.27
08/06/02	08/01/02	SOLD	MYKROLIS CORP AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	MYK	-3,000	7.69800	22,913.30
08/06/02	08/01/02	SOLD	POLO RAPHN LAUREN CORP-CL A AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED SEE NOTE 'S' ON BACK	RL	-6,407	20.04380	128,032.34
08/06/02	08/01/02	SOLD	OLIN CORP NEW WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	OLN	-4,100	18.57800	75,921.50
08/06/02	08/01/02	SOLD	OMINGARE INC UNSOLICITED	OCR	-2,000	20.92000	41,718.74

027 08/31/02;13:23 001 EFTA00197993 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 13 of 17 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD July 27, 2002 ## INVESTMENT ACTIVITY (continued) THROUGH August 30, 2002 TAXPAYER NUMBER On File | LAST STATEMENT | July 26, 2002 | | :--- | :--- |

DATE	DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	CREDIT AMOUNT
08/06/02	08/01/02	SOLD	PAGIFIC SUNWEAR OF CALIFORNIA INC UNSOLICITED WE MAKE A MKT IN THIS SECURITY REPORTED PRICE 18,010000 DIFFERENCE - 0,060000	PSUN	-4,000	17.95000	71,797.83
08/06/02	08/01/02	SOLD	QUIRKSILVER INC AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	ZOK	-18,650	18.81490	349,768.32
08/06/02	08/01/02	SOLD	ROYAL CARIBBEAN CRUISES LTD UNSOLICITED SEE NOTE 'S' ON BACK	RCL	-4,250	19.16000	81,172.54
08/06/02	08/01/02	SOLD	SICOR INC UNSOLICITED AVG PRICE: DETAILS ON REQUEST	SCRI	-7,800	15.93360	123,810.33
08/06/02	08/01/02	SOLD	SKECHERS USA INC CL A AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	SKX	-9,000	15.87780	142,355.89
08/06/02	08/01/02	SOLD	STAGE STORES INC NEW UNSOLICITED WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REQUEST UNIT PRICE 25,363300 DIFFERENCE - 0,060000	STGS	-7,800	25.30330	197,359.79
08/06/02	08/01/02	SOLD	SYMBOL TECHNOLOGIES INC AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	SBL	-10,000	9.06000	89,997.27
08/06/02	08/01/02	SOLD	TIBCO SOFTWARE INC UNSOLICITED WE MAKE A MKT IN THIS SECURITY REPORTED PRICE 5,400000 DIFFERENCE - 0,060000	TIBX	-17,400	5.34000	92,913.20

027 08/31/02;13:23 001 EFTA00197994 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 14 of 17 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD July 27, 2002 ## INVESTMENT ACTIVITY (continued) | THROUGH | August 30, 2002 | | :--- | :--- | ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | July 26, 2002 | | :--- | :--- |

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	CREDIT AMOUNT
08/06/02	08/01/02	SOLD	TALBOTS INC UNSOLICITED	TLB	-3,650	28.00000	101,977.92
08/06/02	08/01/02	SOLD	TIMBERLAND CO-CLA AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	TBL	-6,100	36.59690	222,868.37
08/06/02	08/01/02	SOLD	YOMMY HILLGER COMP ORD AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	TOM	-11,900	12.66500	149,994.96
08/06/02	08/01/02	SOLD	TROUINT SEMICONDUCTOR INC UNSOLICITED WE MAKE A MKT IN THIS SECURITY REPORTED PRICE 6,400000 DIFFERENCE - 0,060000	TQNT	-9,800	6.34000	62,130.12
08/06/02	08/01/02	SOLD	UNITED RETAIL GROUP INC UNSOLICITED	URGI	-1,000	6.91000	6,849.79
08/06/02	08/01/02	SOLD	YOUNG BROADCASTING INC-CLA UNSOLICITED WE MAKE A MKT IN THIS SECURITY AVG PRICE: DETAILS ON REQUEST UNIT PRICE 10,115200 DIFFERENCE - 0,060000	YBTVA	-10,000	10.05520	100,548.97
08/07/02	08/02/02	SOLD	KENNETH COLE PRODUCTIONS INC CL A AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	KCP	-5,500	24.63550	135,161.17
08/07/02	08/02/02	SOLD	HCA INC (FRM HCA-HEALTHCARE COMPANY) AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	HCA	-8,200	46.65390	382,058.46

027 08/31/02;13:23 001 EFTA00197995 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 15 of 17 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	CREDIT AMOUNT
08/07/02	08/02/02	SOLD	JONES APPAREL GROUP INC AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT	JNY	-9,200	32.88110	301,945.01
08/07/02	08/02/02	SOLD	LIZ CLAIBORNE INC AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT	LIZ	-4,000	28.18000	112,476.60
08/07/02	08/02/02	SOLD	NORFOLK SOUTHERN CORP AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT	NSC	-8,450	20.02090	168,664.51
08/08/02	08/05/02	SOLD	I-MANY INC UNSOLICITED	IMNY	-9,750	2.50660	23,853.61
08/09/02	08/06/02	SOLD	I-MANY INC UNSOLICITED	IMNY	-14,000	2.49630	34,247.14
08/12/02	08/07/02	SOLD	I-MANY INC UNSOLICITED	IMNY	-10,500	2.44050	25,099.47
08/13/02	08/08/02	SOLD	I-MANY INC UNSOLICITED	IMNY	-18,500	2.19990	39,771.92
TOTAL							$7,843,167.77

## MONEY FUND ACTIVITY

DATE MO/DAY	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
07/27/02		OPENINGBALANCE		37,234,708.26

027 08/31/02;13:23 001 EFTA00197996 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 16 of 17 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD July 27, 2002 THROUGH August 30, 2002 MONEY FUND ACTIVITY (continued) TAXPAYER NUMBER On File | LAST STATEMENT | July 26, 2002 | | :--- | :--- |

DATE MO/DAY	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
08/01/02	DIVIDEND	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND	DICXX				50,579.43
08/01/02	REINVEST	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVESTED	DICXX	50,579.43		50,579.43
08/08/02	BOUGHT	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES	DICXX	7,800,000	1.0000	7,800,000.00
08/30/02		CLOSINGBALANCE		45,085,287.69
TOTAL						-7,850,579.43	$50,579.43

## DIVIDENDS

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	DEBIT AMOUNT	CREDIT AMOUNT
08/02/02	C R BARD INC REC 07/22/02 PAY 08/02/02	BCR	1,700	0.2200		374.00
08/15/02	ABBOTT LABORATORIES REC 07/15/02 PAY 08/15/02	ABT	1,300	0.2350		305.50
08/15/02	NOVA CHEMICALS CORP REC 07/31/02 PAY 08/15/02 FOREIGN TAX WITHHELD	NCX	4,500 WH	0.0640	43.23	288.18
TOTAL					-43.23	$967.68

027 08/31/02;13:23 001 V566 EFTA00197997 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 17 of 17 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD July 27, 2002 INTEREST THROUGH August 30, 2002 ACCOUNT NUMBER TAXPAYER NUMBER On File

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
08/21/02	INTEREST ON CREDIT BALANCE AT 1 1/4% 07/21 THRU 08/20			1.2500		660.94
TOTAL						$660.94

DATE MO/DAY	TRANSACTION	DESCRIPTION	CREDIT AMOUNT
08/01/02	JOURNAL	FROM: * JRL *	4,328.77
08/05/02	JOURNAL	FROM: CLR * JRL *	72.00
TOTAL			$4,400.77

******* End of Statement******* 027 08/31/02;13:23 001 V566