EFTA00198040

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><tr><td>Your Messages</td><td>7</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



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

Bear, Steams Securities Corp.

One Metrotech Center North Brooklyn, New York 11201-3859

Your Portfolio at a Glance

<table border="1"><tr><td>NET CREDIT BALANCE</td><td>132,033</td></tr><tr><td>MONEY MARKET FUND BALANCE</td><td>30,849,088</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$30,981,121</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>35,474,342</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>-4,493,221</td></tr></table>



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.

027 01/26/02;09:29 001

EFTA00198041



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

027

EFTA00198042



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>$599,295.27</td></tr><tr><td>Securities Sold</td><td>143,898.92</td></tr><tr><td>Money Fund</td><td>4,046,641.15</td></tr><tr><td>Dividends/Interest</td><td>3,587.29</td></tr><tr><td></td><td></td></tr><tr><td>Amount Credited</td><td>$4,194,127.36</td></tr><tr><td></td><td></td></tr><tr><td>Securities Bought</td><td>-72,500.00</td></tr><tr><td>Money Fund</td><td>-46,641.15</td></tr><tr><td>Funds Withdrawn</td><td>-742,248.00</td></tr><tr><td>Miscellaneous</td><td>-3,800,000.00</td></tr><tr><td></td><td></td></tr><tr><td>Amount Debited</td><td>$-4,661,389.15</td></tr><tr><td></td><td></td></tr><tr><td>Net Cash Activity</td><td>-467,261.79</td></tr><tr><td></td><td></td></tr><tr><td>Closing Balance</td><td>$132,033.48</td></tr><tr><td colspan="2">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.</td></tr></table>

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>599,295.27</td><td>132,033.48</td></tr><tr><td>Margin</td><td>0.10</td><td>0.00</td></tr><tr><td>Short</td><td>-0.10</td><td>0.00</td></tr><tr><td>Net Cash Balance</td><td>$599,295.27</td><td>$132,033.48</td></tr></table>

Income Summary

<table border="1"><tr><td></td><th>THIS PERIOD</th><th>YEAR TO DATE</th></tr><tr><td>Credit Balance Int.</td><td>3,587.29</td><td>3,587.29</td></tr><tr><td>Total</td><td>$3,587.29</td><td>$3,587.29</td></tr></table>

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>30,981,121</td></tr><tr><td>Total</td><td>$30,981,121</td></tr></table>

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859



01/26/02;09:29 001




INSTITUTIONAL INTERESTS


Your Portfolio Allocation

EFTA00198043



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>132,033</td><td></td><td></td></tr><tr><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 1,9500%</td><td>DICCX</td><td>30,849,088.26</td><td>1.0000</td><td>30,849,088</td><td>647,831</td><td>2.1000</td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$30,981,121</td><td>$647,831</td><td></td></tr><tr><td colspan="4">YOUR TOTAL ESTIMATED ANNUAL INCOME</td><td colspan="3">$647,831</td></tr><tr><td colspan="4">YOUR PRICED PORTFOLIOHOLDINGS</td><td colspan="3">$30,981,121</td></tr></tbody></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSDIARY



Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

## INVESTMENT ACTIVITY



Transaction Detail




INSTITUTIONAL INTERESTS





<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>01/02/02</td><td></td><td>MERGER</td><td>BANK PLUS CORP<br>TO<br>CASH MERGER-$7,25 P/S</td><td>064446107</td><td>-10,000</td><td></td><td></td><td>72,500.00</td></tr><tr><td>01/03/02</td><td>12/28/01</td><td>SOLD</td><td>BANK PLUS CORP<br>UNSOLICITED<br>WE MAKE A MKT IN THIS SECURITY<br>AVG PRICE: DETAILS ON REQUEST<br>UNIT PRICE 7,200000<br>DIFFERENCE - 0,060000</td><td>064446107</td><td>-10,000</td><td>7.14000</td><td></td><td>71,398.92</td></tr></tbody></table>

027



01/26/02;09:29 001


EFTA00198044



BEAR
STEARNS


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



CLEARED THROUGH ITS
WHOLLY OWNED SUBSDIARY


Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859



INSTITUTIONAL INTERESTS



<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>01/03/02</td><td></td><td>MERGER</td><td>BANK PLUS CORP<br>TO<br>CASH MERGER-$7,25 P/S</td><td>064446107</td><td>10,000</td><td></td><td>72,500.00</td><td></td></tr><tr><td colspan="6">TOTAL</td><td></td><td>-72,500.00</td><td>$143,898.92</td></tr></tbody></table>

## DEPOSITS AND WITHDRAWALS

## 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>01/01/02</td><td></td><td>OPENINGBALANCE</td><td></td><td>34,802,447.11</td><td></td><td></td><td></td></tr><tr><td>01/02/02</td><td>REINVEST</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES<br>DIVIDEND REINVESTED</td><td>DICCX</td><td>46,641.15</td><td></td><td>46,641.15</td><td></td></tr><tr><td>01/02/02</td><td>DIVIDEND</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES<br>AMT INCLUDED IN 2001 - 1099</td><td>DICCX</td><td></td><td></td><td></td><td>46,641.15</td></tr></tbody></table>

027



01/26/02;09:29 001


EFTA00198045



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



6 of 7



INSTITUTIONAL INTERESTS



## **Transaction Detail** (continued)

STATEMENT PERIOD January 1, 2002

THROUGH January 25, 2002

## MONEY FUND ACTIVITY (continued)

<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>01/09/02</td><td>SOLD</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES</td><td>DICCX</td><td>-4,000,000</td><td>1.0000</td><td></td><td>4,000,000.00</td></tr></tbody></table>

<table border="1"><tr><td>01/25/02</td><td>CLOSINGBALANCE</td><td colspan="2">30,849,088.26</td></tr><tr><td>TOTAL</td><td></td><td>-46,641.15</td><td>$4,046,641.15</td></tr></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>01/22/02</td><td>INTEREST ON CREDIT BALANCE AT 1 1/4% 12/31 THRU 01/20</td><td></td><td></td><td>1.2500</td><td></td><td>254.40</td></tr><tr><td>01/22/02</td><td>INTEREST ON CREDIT BALANCE AT 1 1/4% 12/21 THRU 12/30</td><td></td><td></td><td>1.2500</td><td></td><td>3,332.89</td></tr><tr><td colspan="6">TOTAL</td><td>$3,587.29</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>01/02/02</td><td>JOURNAL</td><td>JOURNAL FROM TYPE 2 TO 5</td><td>0.10</td><td></td></tr><tr><td>01/02/02</td><td>JOURNAL</td><td>JOURNAL FROM TYPE 2 TO 5</td><td></td><td>0.10</td></tr><tr><td>01/09/02</td><td>JOURNAL</td><td>TO PER LOA</td><td>3,800,000.00</td><td></td></tr><tr><td colspan="3">TOTAL</td><td>-3,800,000.10</td><td>$0.10</td></tr></tbody></table>

027



01/26/02;09:29 001


EFTA00198046



BEAR
STEARNS




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


7 of 7

## Your messages



The interest, if any, charged to your account during December 2001 was computed on the net debit balance through December 30. The interest, if any, charged to your account during January 2002 is computed from December 31, 2001.





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





CLEARED THROUGH ITS

CLEARLY WOUNDED SUBSIDIARY



Bear, Steams Securities Corp.

One Metrotech Center North Brooklyn, New York 11201-3859



INSTITUTIONAL INTERESTS



027



01/26/02;09:29 001


V520

EFTA00198047