EFTA00198106

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

Your Portfolio Holdings ... 4

Transaction Detail ... 5

Fund Activity 5







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 SUBSIDIARY



Bear, Steams Securities Corp.

One Metrotech Center North Brooklyn, New York 11201-3859

## Your Portfolio at a Glance

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

STATEMENT PERIOD February 1, 2003



ACCOUNT NUMBER



| LAST STATEMENT | January 31, 2003 |

| :--- | :--- |

<table border="1"><tr><td>TOTAL VALUE OF SECURITIES THIS PERIOD</td><td>22</td></tr><tr><td>NET CREDIT BALANCE</td><td>3,182</td></tr><tr><td>MONEY MARKET FUND BALANCE</td><td>37,299,018</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$37,302,222</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>37,260,680</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>41,541</td></tr></table>

TAXPAYER NUMBER On File



INSTITUTIONAL INTERESTS



THROUGH February 28, 2003

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.

| SIPC | 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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| 027 | 03/01/03;13:32 001 |

V641

EFTA00198107



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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EFTA00198108



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>$949.42</td></tr><tr><td>Money Fund</td><td>39,308.09</td></tr><tr><td>Funds Deposited</td><td>2,232.29</td></tr><tr><td>Amount Credited</td><td>$41,540.38</td></tr><tr><td>Money Fund</td><td>-39,308.09</td></tr><tr><td>Amount Debited</td><td>$-39,308.09</td></tr><tr><td>Net Cash Activity</td><td>2,232.29</td></tr><tr><td>ClosingBalance</td><td>$3,181.71</td></tr></table>

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>949.42</td><td>3,181.71</td></tr><tr><td>Net Cash Balance</td><td>$949.42</td><td>$3,181.71</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>39,308.09</td><td>39,308.09</td></tr><tr><td>Credit Balance Int.</td><td>0.00</td><td>70.33</td></tr><tr><td>Total</td><td>$39,308.09</td><td>$39,378.42</td></tr></table>

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>37,302,200</td></tr><tr><td>Equities</td><td>22</td></tr><tr><td>Total</td><td>$37,302,222</td></tr></table>

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859



INSTITUTIONAL INTERESTS


| STATEMENT PERIOD | February 1, 2003 |
| :--- | :--- |
| THROUGH | February 28, 2003 |

| ACCOUNT NUMBER | |
| :--- | :---|
| TAXPAYER NUMBER | On File |
| LAST STATEMENT | January 31, 2003 |



03/01/03;13:32 001


EFTA00198109



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>CASH BALANCE</td><td></td><td></td><td></td><td>3,182</td><td></td><td></td></tr><tr><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 1,1800%</td><td>DICXX</td><td>37,299,017.52</td><td>1.0000</td><td>37,299,018</td><td>447,588</td><td>1.2000</td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$37,302,200</td><td>$447,588</td><td></td></tr></tbody></table>

## EQUITIES

## Equities & Options

<table><thead><tr><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>ACCT TYPE</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>WTS AMERICAN BANK NOTE HOLOGRAPHICS INC EXP 06/18/2003</td><td>ABHHW</td><td>CASH</td><td>2,151</td><td>0.0100</td><td>22</td><td></td><td></td></tr><tr><td>Total Equities&amp; Options</td><td></td><td></td><td></td><td></td><td>$22</td><td>$0</td><td></td></tr><tr><td>TOTAL EQUITIES</td><td></td><td></td><td></td><td></td><td>$22</td><td>$0</td><td></td></tr></tbody></table>

<table border="1"><tr><td>YOUR TOTAL ESTIMATED ANNUAL INCOME</td><td>$447,588</td></tr><tr><td>YOUR PRICED PORTFOLIO HOLDINGS</td><td>$37,302,222</td></tr></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY



Bear, Steams Securities Corp.

One Metratech Center North Brooklyn, New York 11201-3859



INSTITUTIONAL INTERESTS



STATEMENT PERIOD February 1, 2003

THROUGH February 28, 2003



ACCOUNT NUMBER



TAXPAYER NUMBER On File

| LAST STATEMENT | January 31, 2003 |

| :--- | :--- |

027



03/01/03;13:32 001


EFTA00198110



BEAR
STEARNS


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



CLEARED THROUGH ITS

CLEARLY WOUNDED SUBSIDIARY



**5 of 5**



Bear, Steams Securities Corp.

One Metrotech Center North Brooklyn, New York 11201-3859





INSTITUTIONAL INTERESTS





Transaction Detail


## DEPOSITS AND WITHDRAWALS

STATEMENT PERIOD February 1, 2003

THROUGH February 28, 2003



ACCOUNT NUMBER



<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>02/11/03</td><td>DEPOSIT</td><td>BERGEN SECS LITIGATION OO INSTITUTIONAL INTEREST HSBC BK A/O 2/10</td><td></td><td>2,232.29</td></tr><tr><td colspan="4">TOTAL</td><td>$2,232.29</td></tr></tbody></table>

| LAST STATEMENT | January 31, 2003 |

| :--- | :--- |

TAXPAYER NUMBER On File

## 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>02/01/03</td><td></td><td>OPENINGBALANCE</td><td></td><td>37,259,709.43</td><td></td><td></td><td></td></tr><tr><td>02/03/03</td><td>DIVIDEND</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND</td><td>DICXX</td><td></td><td></td><td></td><td>39,308.09</td></tr><tr><td>02/03/03</td><td>REINVEST</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVESTED</td><td>DICXX</td><td>39,308.09</td><td></td><td>39,308.09</td><td></td></tr><tr><td>02/28/03</td><td></td><td>CLOSINGBALANCE</td><td></td><td>37,299,017.52</td><td></td><td></td><td></td></tr><tr><td colspan="6">TOTAL</td><td>-39,308.09</td><td>$39,308.09</td></tr></tbody></table>





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


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