EFTA00198035

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

<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>







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 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.



INSTITUTIONAL INTERESTS



Your Portfolio at a Glance

<table border="1"><tr><td>NET CREDIT BALANCE</td><td>132,879</td></tr><tr><td>MONEY MARKET FUND BALANCE</td><td>30,901,696</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$31,034,575</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>30,981,121</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>53,453</td></tr></table>

| STATEMENT PERIOD | January 26, 2002 |

| :--- | :--- |

| THROUGH | February 22, 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.

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| :--- | :--- |
| 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 | 02/23/02:10:07 001 |

EFTA00198036



CLEARED THROUGH ITS
WHOLLY OWNED SUBSIDIARY


2 of 5

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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EFTA00198037



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>$132,033.48</td></tr><tr><td>Money Fund</td><td>52,607.34</td></tr><tr><td>Funds Deposited</td><td>702.94</td></tr><tr><td>Dividends/Interest</td><td>142.36</td></tr><tr><td>Amount Credited</td><td>$53,452.64</td></tr><tr><td>Money Fund</td><td>-52,607.34</td></tr><tr><td>Amount Debited</td><td>$-52,607.34</td></tr><tr><td>Net Cash Activity</td><td>845.30</td></tr><tr><td>ClosingBalance</td><td>$132,878.78</td></tr></table>

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>132,033.48</td><td>132,878.78</td></tr><tr><td>Net Cash Balance</td><td>$132,033.48</td><td>$132,878.78</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>52,607.34</td><td>52,607.34</td></tr><tr><td>Credit Balance Int.</td><td>142.36</td><td>3,729.65</td></tr><tr><td>Total</td><td>$52,749.70</td><td>$56,336.99</td></tr></table>

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>31,034,575</td></tr><tr><td>Total</td><td>$31,034,575</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




02/23/02;10:07 001


EFTA00198038



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>132,879</td><td></td><td></td></tr><tr><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 1,9000%</td><td>DICCX</td><td>30,901,695.60</td><td>1.0000</td><td>30,901,696</td><td>618,034</td><td>2.0000</td></tr><tr><td colspan="4">TOTAL CASH &amp; CASH EQUIVALENTS</td><td>$31,034,575</td><td>$618,034</td><td></td></tr></tbody></table>

<table border="1"><tr><td>YOUR TOTAL ESTIMATED ANNUAL INCOME</td><td>$618,034</td></tr><tr><td>YOUR PRICED PORTFOLIOHOLDINGS</td><td>$31,034,574</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>02/06/02</td><td>DEPOSIT</td><td>CANDIE&#39;S ING SEC OO INSTITUTIONAL INTEREST STERLING NAT BK</td><td></td><td>702.94</td></tr><tr><td colspan="4">TOTAL</td><td>$702.94</td></tr></tbody></table>



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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02/23/02;10:07 001


V527

EFTA00198039



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 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>01/26/02</td><td></td><td>OPENINGBALANCE</td><td></td><td>30,849,088.26</td><td></td><td></td><td></td></tr><tr><td>02/01/02</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>52,607.34</td></tr><tr><td>02/01/02</td><td>REINVEST</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVESTED</td><td>DICCX</td><td>52,607.34</td><td></td><td>52,607.34</td><td></td></tr><tr><td>02/22/02</td><td></td><td>CLOSINGBALANCE</td><td></td><td>30,901,695.60</td><td></td><td></td><td></td></tr><tr><td colspan="5">TOTAL</td><td></td><td>-52,607.34</td><td>$52,607.34</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>02/21/02</td><td>INTEREST ON CREDIT BALANCE AT 1 1/4% 01/21 THRU 02/20</td><td></td><td></td><td>1.2500</td><td></td><td>142.36</td></tr><tr><td colspan="7">TOTAL</td><td>$142.36</td></tr></tbody></table>





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



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