Bear Stearns brokerage statement, July–August 2003

EFTA00198072¶

OFFICE SERVICING YOUR ACCOUNT¶

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

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSIDIARY¶

| | |¶

| :--- | :--- |¶

| ACCOUNT EXECUTIVE | ZICHERMAN, IRA |¶

| TELEPHONE | |¶

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

Financial Summary 3¶

Your Portfolio Holdings … 3¶

Transaction Detail 4¶

Fund Activity 5¶

What’s In This Statement¶

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¶

INSTITUTIONAL INTERESTS¶

ACCOUNT NUMBER¶

STATEMENT PERIOD July 26, 2003¶

THROUGH August 29, 2003¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | July 25, 2003 |¶

| :--- | :--- |¶

Your Portfolio at a Glance¶

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

NET CREDIT BALANCE	13,509
MONEY MARKET FUND BALANCE	29,770,211
NET EQUITY THIS PERIOD	$29,783,720
NET EQUITY LAST STATEMENT	29,760,241
CHANGE SINCE LAST STATEMENT	23,479

Market Value of Your Portfolio¶

Important Message¶

Bear Stearns is pleased to announce our conversion to a calendar month-end statement. Effective September 2003, your account statement will reflect all activity and account valuation up to and including the last business day of the month.¶

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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EFTA00198073¶

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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EFTA00198074¶

BEAR STEARNS¶

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

3 of 5¶

Cash Flow Analysis¶

	THIS PERIOD
OpeningBalance	$13,503.03
Money Fund	23,473.00
Dividends/Interest	5.81
Amount Credited	$23,478.81
Money Fund	-23,473.00
Amount Debited	$-23,473.00
Net Cash Activity	5.81
ClosingBalance	$13,508.84

Cash Balance Summary¶

	OPENING	CLOSING
Cash	13,503.03	13,508.84
Net Cash Balance	$13,503.03	$13,508.84

Income Summary¶

	THIS PERIOD	YEAR TO DATE
Dividends	23,473.00	225,501.79
Credit Balance Int.	5.81	113.82
Total	$23,478.81	$225,615.61

Portfolio Composition¶

Cash/Cash Equivalent	29,783,720
Total	$29,783,720

Your Portfolio Holdings¶

CASH & CASH EQUIVALENTS¶

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
CASH BALANCE				13,509

027¶

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSIDIARY¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

INSTITUTIONAL INTERESTS¶

STATEMENT PERIOD	July 26, 2003
THROUGH	August 29, 2003

ACCOUNT NUMBER¶

08/30/03;13:45 001¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | July 25, 2003 |¶

| :--- | :--- |¶

Your Portfolio Allocation¶

Unshaded portions denote debit balance and/or short market values. The allocation percentage is derived from the absolute market value of your portfolio.¶

EFTA00198075¶

BEAR STEARNS¶

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

4 of 5¶

Your Portfolio Holdings (continued)¶

CASH & CASH EQUIVALENTS (continued)¶

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST. 30 DAY AVG YIELD .9100%	DICXX	29,770,211.22	1.0000	29,770,211	267,932	0.9000
TOTAL CASH & CASH EQUIVALENTS				$29,783,720	$267,932

YOUR TOTAL ESTIMATED ANNUAL INCOME	$267,932
YOUR PRICED PORTFOLIOHOLDINGS	$29,783,720

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSIDIARY¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

INVESTMENT ACTIVITY¶

Transaction Detail¶

INSTITUTIONAL INTERESTS¶

STATEMENT PERIOD July 26, 2003¶

ACCOUNT NUMBER¶

THROUGH August 29, 2003¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
08/14/03		EXCHANGE	WTS AMERICAN BANK NOTE HOLOGRAPHICS INC DUE 06/18/03 EXP 06/18/2003 EXPIRED WTS	024377111	-2,151
TOTAL

TAXPAYER NUMBER On File¶

| LAST STATEMENT | July 25, 2003 |¶

| :--- | :--- |¶

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08/30/03;13:45 001¶

EFTA00198076¶

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)¶

STATEMENT PERIOD July 26, 2003¶

MONEY FUND ACTIVITY¶

THROUGH August 29, 2003¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | July 25, 2003 |¶

| :--- | :--- |¶

DATE MO/DAY	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
07/26/03		OPENINGBALANCE		29,746,738.22

08/01/03	DIVIDEND	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND	DICXX			23,473.00
08/01/03	REINVEST	DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVESTED	DICXX	23,473		23,473.00

08/29/03	CLOSINGBALANCE	29,770,211.22
TOTAL		-23,473.00	$23,473.00

INTEREST¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
08/21/03	INTEREST ON CREDIT BALANCE AT 0 1/2% 07/21 THRU 08/20			0.5000		5.81
TOTAL						$5.81

******* End of Statement*******¶

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