EFTA00198024



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>4</td></tr><tr><td>Fund Activity</td><td>5</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 SUBSDIARY



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.

Your Portfolio at a Glance



INSTITUTIONAL INTERESTS



<table border="1"><tr><td>NET CREDIT BALANCE</td><td>232</td></tr><tr><td>MONEY MARKET FUND BALANCE</td><td>31,702,955</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$31,703,187</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>36,079,739</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>-4,376,551</td></tr></table>

Market Value of Your Portfolio

STATEMENT PERIOD March 29, 2002

| LAST STATEMENT | March 28, 2002 |

| :--- | :--- |

THROUGH April 26, 2002

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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EFTA00198026



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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

3 of 5

Cash Flow Analysis

<table border="1"><tr><td></td><td>THIS PERIOD</td></tr><tr><td>OpeningBalance</td><td>$133,181.58</td></tr><tr><td>Money Fund</td><td>4,356,397.15</td></tr><tr><td>Dividends/Interest</td><td>50.87</td></tr><tr><td>Amount Credited</td><td>$4,356,448.02</td></tr><tr><td>Money Fund</td><td>-56,397.15</td></tr><tr><td>Funds Withdrawn</td><td>-633,000.00</td></tr><tr><td>Miscellaneous</td><td>-3,800,000.00</td></tr><tr><td>Amount Debited</td><td>$-4,489,397.15</td></tr><tr><td>Net Cash Activity</td><td>-132,949.13</td></tr><tr><td>Closing Balance</td><td>$232.45</td></tr></table>

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>133,181.58</td><td>232.45</td></tr><tr><td>Net Cash Balance</td><td>$133,181.58</td><td>$232.45</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>56,397.15</td><td>153,866.36</td></tr><tr><td>Credit Balance Int.</td><td>50.87</td><td>4,083.32</td></tr><tr><td>Total</td><td>$56,448.02</td><td>$157,949.68</td></tr></table>

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>31,703,187</td></tr><tr><td>Total</td><td>$31,703,187</td></tr></table>

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859



INSTITUTIONAL INTERESTS


EFTA00198027



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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

4 of 5

## 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 colspan="4">CASH BALANCE</td><td>232</td><td></td><td></td></tr><tr><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 1,8500%</td><td>DICCX</td><td>31,702,954.62</td><td>1.0000</td><td>31,702,955</td><td>602,356</td><td>1.9000</td></tr><tr><td colspan="4">TOTAL CASH &amp; CASH EQUIVALENTS</td><td>$31,703,187</td><td>$602,356</td><td></td></tr></tbody></table>

<table border="1"><tr><td>YOUR TOTAL ESTIMATED ANNUAL INCOME</td><td>$602,356</td></tr><tr><td>YOUR PRICED PORTFOLIOHOLDINGS</td><td>$31,703,187</td></tr></table>



Transaction Detail


## 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>04/01/02</td><td>FND WIRED</td><td>WIRED TO<br>CHASE MANHATTAN BANK N.A.<br>$ FROM DREYFUS TODAY</td><td>633,000.00</td><td></td></tr><tr><td colspan="3">TOTAL</td><td>-633,000.00</td><td></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



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EFTA00198028



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


**5 of 5**



INSTITUTIONAL INTERESTS



## **Transaction Detail** (continued)

## MONEY FUND ACTIVITY

<table><thead><tr><th>DATE MOIDAY</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>03/29/02</td><td></td><td>OPENINGBALANCE</td><td></td><td>35,946,557.47</td><td></td><td></td><td></td></tr><tr><td>04/01/02</td><td>SOLD</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES</td><td>DICCX</td><td>-4,300,000</td><td>1.0000</td><td></td><td>4,300,000.00</td></tr><tr><td>04/01/02</td><td>DIVIDEND</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND</td><td>DICCX</td><td></td><td></td><td></td><td>56,397.15</td></tr><tr><td>04/01/02</td><td>REINVEST</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVESTED</td><td>DICCX</td><td>56,397.15</td><td></td><td>56,397.15</td><td></td></tr><tr><td>04/26/02</td><td></td><td>CLOSINGBALANCE</td><td></td><td>31,702,954.62</td><td></td><td></td><td></td></tr><tr><td colspan="8">TOTAL</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>04/22/02</td><td>INTEREST ON CREDIT BALANCE AT 1 1/4% 03/21 THRU 04/20</td><td></td><td></td><td>1.2500</td><td></td><td>50.87</td></tr><tr><td>TOTAL</td><td></td><td></td><td></td><td></td><td></td><td>$50.87</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 rowspan="2">04/01/02</td><td rowspan="2">JOURNAL</td><td>TO</td><td>3,800,000.00</td><td></td></tr><tr><td>PER LOA</td><td></td><td></td></tr><tr><td colspan="3">TOTAL</td><td>-3,800,000.00</td><td></td></tr></tbody></table>

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