Financial record, 2001-12

EFTA00198139¶

OFFICE SERVICING YOUR ACCOUNT¶

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

What’s In This Statement¶

Financial Summary	3
Your Portfolio Holdings	4
Transaction Detail	8
Fund Activity	18
Trades Not Yet Settled	21

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶

INSTITUTIONAL INTERESTS¶

C/O FINANCIAL TRUST COMPANY¶

ATTN JEANNE BRENNAN¶

Bear, Steams Securities Corp.¶

One Meterotech 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¶

TOTAL VALUE OF SECURITIES THIS PERIOD	11,666,814
NET CREDIT BALANCE	873,311
MONEY MARKET FUND BALANCE	4,880,302
NET EQUITY THIS PERIOD	$17,420,427
NET EQUITY LAST STATEMENT	16,346,404
CHANGE SINCE LAST STATEMENT	1,074,023

Market Value of Your Portfolio¶

INSTITUTIONAL INTERESTS¶

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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V513¶

EFTA00198140¶

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¶

027¶

EFTA00198141¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

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

3 of 21¶

Cash Flow Analysis¶

	THIS PERIOD
OpeningBalance	$970,628.96
Securities Sold	2,161,234.64
Money Fund	2,360,187.09
Dividends/Interest	3,858.14
Miscellaneous	38,674.60
Amount Credited	$4,563,954.47
Securities Bought	-4,060,735.20
Money Fund	-560,187.09
Dividends/Interest Charged	-1,404.00
Miscellaneous	-38,946.58
Amount Debited	$-4,661,272.87
Net Cash Activity	-97,318.40
Closing Balance	$873,310.56

Cash Balance Summary¶

	OPENING	CLOSING
Cash	968,735.68	873,310.56
Margin	1,893.28	0.00
Net Cash Balance	$970,628.96	$873,310.56

Income Summary¶

	THIS PERIOD	YEAR TO DATE
Dividends	10,961.73	140,129.66
Substitute Payment	0.00	630.00
Credit Balance Int.	1,679.50	51,957.47
Total	$12,641.23	$192,717.13
Short Dividends	0.00	-144.50
Foreign Tax Withheld	-236.98	-682.24
Margin Int. Paid	0.00	-92.06

Portfolio Composition¶

Cash/Cash Equivalent	5,753,613
Equities	11,666,814
Total	$17,420,427

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

INSTITUTIONAL INTERESTS¶

Your Portfolio Allocation¶

EFTA00198142¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

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

4 of 21¶

Your Portfolio Holdings¶

CASH & CASH EQUIVALENTS¶

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
CASH BALANCE				873,311
THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO	GTDXX	4,880,302.13	1.0000	4,880,302	87,845	1.8000
TOTAL CASH & CASH EQUIVALENTS				$5,753,613	$87,845

EQUITIES¶

Equities & Options¶

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
ACTV INC	IATV	CASH	22,300	1.6200	36,126
AMERICAN EAGLE OUTFITTERS INC NEW	AEOS	CASH	1,650	24.4400	40,326
AOL TIME WARNER INC	AOL	CASH	4,950	34.9000	172,755
ADELPHIA COMMUNICATIONS CORP CL A	ADLAC	CASH	28,654	25.1100	719,502
AMERICAN STANDARD COMPANIES INC-DEL	ASD	CASH	4,100	63.5000	260,350
BEA SYSTEMS INC	BEAS	CASH	11,400	16.7900	191,406
BEVERLY ENTERPRISES INC NEW	BEV	CASH	49,800	9.1000	453,180
CENDANT CORP	CD	CASH	11,450	17.0400	195,108
COSTCO WHOLESALE CORP-NEW	COST	CASH	1,300	40.8800	53,144
CITIZENS COMMUNICATIONS CO	CZN	CASH	32,800	9.7900	321,112
CSX CORP	CSX	CASH	3,950	37.4000	147,730	1.580	1.0695
CABLEVISION SYSTEMS CORP-CL A CABLEVISION NY GROUP COM	CVC	CASH	4,800	42.0400	201,792

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

Bear, Steams Securities Corp.¶

One Mebrotech Center North Brooklyn, New York 11201-3859¶

INSTITUTIONAL INTERESTS¶

027¶

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EFTA00198143¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

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

5 of 21¶

Your Portfolio Holdings (continued)¶

Equities & Options (continued)¶

DESCRIPTION	SYMBOL/CUSIP	ACT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
DMC STRATEX NETWORKS INC	STXN	CASH	8,750	6.9700	60,988
EDISON INTERNATIONAL	EIX	CASH	10,550	15.1000	159,305
ENZON INC	ENZN	CASH	1,350	58.6100	79,124
EXPEDITORS INTERNATIONAL OF WASHINGTON INC	EXPD	CASH	2,100	50.0100	105,021	420	0.3999
FOX ENTERTAINMENT GROUP INC CL A	FOX	CASH	8,600	25.5200	219,472
FEDEX CORP	FDX	CASH	2,100	45.8600	96,306
FMC CORP NEW	FMC	CASH	1,900	53.5500	101,745
FOOT LOCKER INC	Z	CASH	4,750	16.1400	76,665
FEDERATED DEPARTMENT STORES INC-DEL	FD	CASH	1,900	37.0000	70,300
I-MANY INC	IMNY	CASH	39,150	8.1000	317,115
HCA INC (FRM HCA-HEALTHCARE COMPANY)	HCA	CASH	15,000	38.7900	581,850	1,200	0.2062
HARRAHS ENTERTAINMENT INC	HET	CASH	1,600	32.2300	51,568
IMC GLOBAL INC	IGL	CASH	23,100	11.7500	271,425	1,848	0.6809
IMPERIAL CHEMICAL INDS PLC ADR NEW	ICI	CASH	2,500	23.1000	57,750	3,680	6.3723
KOHLS CORP	KSS	CASH	3,600	67.8500	244,260
LIBERTY MEDIA CORP SER A NEW	LMCA	CASH	37,800	13.1500	497,070
LIZ CLAIBORNE INC	LIZ	CASH	1,400	49.9800	69,972	630	0.9004
MILLENNIUM CHEMICALS INC	MCH	CASH	7,900	11.7400	92,746	4,740	5.1107
MGM MIRAGE	MGG	CASH	1,950	26.3500	51,383

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶

Bear, Steams Securities Corp.¶

One Mebrotech Center North Brooklyn, New York 11201-3859¶

INSTITUTIONAL INTERESTS¶

027¶

12/01/01;12:52 001¶

EFTA00198144¶

BEAR STEARNS¶

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

6 of 21¶

Your Portfolio Holdings (continued)¶

Equities & Options (continued)¶

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
MANDALAY RESORT GROUP	MBG	CASH	1,950	21.6000	42,120
MCDATA CORP CL A	MCDTA	CASH	4,350	25.1100	109,229
NOVA CHEMICALS CORP	NCX	CASH	8,600	18.6900	160,734	1,378	0.8573
NAUTICA ENTERPRISES INC	NAUT	CASH	2,600	13.0000	33,800
NORFOLK SOUTHERN CORP	NSC	CASH	8,800	19.3900	170,632	2,112	1.2378
PEREGRINE SYSTEMS INC	PRGN	CASH	5,900	15.5500	91,745
POLO RALPH LAUREN CORP-CL A	RL	CASH	4,707	24.1200	113,533
OMNICARE INC	OCR	CASH	13,100	21.3800	280,078	1,179	0.4210
REMEC INC	REMC	CASH	14,750	11.1000	163,725
ROYAL CARIBBEAN CRUISES LTD	RCL	CASH	8,650	15.5100	134,162	4,498	3.3527
SABRE HOLDINGS CORP CL A	TSG	CASH	6,450	34.6900	223,751
SONIC AUTOMOTIVE INC-CL A		CASH	2,350	19.8500	46,648
SYMBOL TECHNOLOGIES INC	SBL	CASH	12,200	16.6200	202,764	244	0.1203
TYCO INTERNATIONAL LTD	TYC	CASH	11,300	58.8000	664,440	565	0.0850
TIBCO SOFTWARE INC	TIBX	CASH	16,500	12.5900	207,735
TRW INC	TRW	CASH	4,550	39.0200	177,541	3,185	1.7940
TALBOTS INC	TLB	CASH	800	32.7800	26,224	256	0.9762
TENET HEALTHCARE CORP	THC	CASH	7,350	60.0000	441,000
TRANSWIICH CORP	TXCC	CASH	8,100	4.0100	32,481
TEXTRON INC	TXT	CASH	4,400	39.6500	174,460	5,720	3.2787
TOMMY HILFIGER CORP-ORD		CASH	27,200	13.4000	364,480
USA NETWORKS INC	USAI	CASH	5,800	22.5100	130,558
UNITED RETAIL GROUP INC	URGI	CASH	16,700	7.6920	128,456

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

Bear, Steams Securities Corp.¶

One Mebrotech Center North Brooklyn, New York 11201-3859¶

INSTITUTIONAL INTERESTS¶

027¶

12/01/01;12:52 001¶

EFTA00198145¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

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

7 of 21¶

Your Portfolio Holdings (continued)¶

Equities & Options (continued)¶

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
UNIVERSAL HEALTH SERVICES INC CL B	UHS	CASH	10,500	41.9100	440,055
VERISIGN INC	VRSN	CASH	4,000	37.3600	149,440
VITRIA TECHNOLOGY INC COM	VITR	CASH	28,350	4.9000	138,915
VERITAS SOFTWARE CORP	VRTS	CASH	5,550	38.8900	215,840
VITESSE SEMICONDUCTOR CORP	VTSS	CASH	5,550	12.1900	67,655
VIACOM INC-CL B	VIAB	CASH	4,200	43.6500	183,330
VISHAY INTERTECHNOLOGY INC	VSH	CASH	4,900	18.3800	90,062
YORK INTERNATIONAL CORP NEW Total Equities& Options	YRK	CASH	7,250	36.5000	264,625	4,350	1.6438
TOTAL EQUITIES					$11,666,814	$37,585

YOUR TOTAL ESTIMATED ANNUAL INCOME	$125,430
YOUR PRICED PORTFOLIO HOLDINGS	$17,420,426

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

INSTITUTIONAL INTERESTS¶

027¶

12/01/01;12:52 001¶

V513¶

EFTA00198146¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

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

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶

Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859¶

8 of 21¶

INSTITUTIONAL INTERESTS¶

Transaction Detail¶

INVESTMENT ACTIVITY¶

DATE	DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
10/29/01	10/24/01	BOUGHT	HCA INC (FRM HCA-HEALTHCARE COMPANY) EXECUTION BY COWN COMMISSION 350,00	HCA	5,000	37.80980	189,414.00
10/29/01	10/24/01	BOUGHT	NORFOLK SOUTHERN CORP EXECUTION BY MLCO COMMISSION 112,00	NSC	1,600	17.07760	27,451.16
10/29/01	10/24/01	SOLD	USA NETWORKS INC EXECUTION BY GSCO SEC FEE 2,25	USAI	-3,600	18.67070		67,197.27
10/30/01	10/25/01	SOLD	CABOT MICROELECTRONICS CORP EXECUTION BY RSSF SEC FEE 1,23	CCMP	-550	66.75000		36,696.27
10/30/01	10/25/01	SOLD	K MART CORP EXECUTION BY BUCK COMMISSION 5,00 SEC FEE .03	KM	-100	6.72500		652.47
10/30/01	10/25/01	BOUGHT	WATSON PHARMACEUTICALS INC EXECUTION BY BUCK COMMISSION 48,00	WPI	800	48.19450	38,618.60
10/31/01	10/26/01	SOLD	CROWN CASTLE INTL CORP AS OF 10/26/01	CCI	-6,550	12.00700		78,184.72
10/31/01	10/26/01	BOUGHT	NOMMY HEIGER CORP-ORD EXECUTION BY CANT COMMISSION 91,00	TOM	1,300	11.25000	14,731.00
11/01/01	10/29/01	SOLD	K MART CORP EXECUTION BY MLCO COMMISSION 12,00 SEC FEE .05	KM	-200	6.23830		1,220.61
11/01/01	10/29/01	SOLD	SONIC AUTOMOTIVE INC-CLA EXECUTION BY BUCK COMMISSION 156,00 SEC FEE 1,65 AS OF 10/29/01	SAH	-2,600	18.97900		49,172.75

027¶

12/01/01;12:52 001¶

EFTA00198147¶

OFFICE SERVICING YOUR ACCOUNT¶

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

CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶

9 of 21¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

INSTITUTIONAL INTERESTS¶

Transaction Detail (continued)¶

INVESTMENT ACTIVITY (continued)¶

MENTION DATE	DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
11/02/01	10/30/01	SOLD	CABLEVISION SYSTEMS CORP-CL A CABLEVISION NY GROUP COM SEE NOTE 'S' ON BACK EXECUTION BY SBSH COMMISSION 252,00 SEC FEE 4,16	CVC	-3,600	34.62540		124,380.28
11/02/01	10/30/01	SOLD	CARNIVAL CORP-CL A EXECUTION BY RYAN COMMISSION 283,50 SEC FEE 2,90	CCL	-4,050	21.46680		86,639.14
11/02/01	10/30/01	SOLD	COX COMMUNICATIONS INC NEW CL A AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	COX	-1,600	38.01980		60,717.65
11/02/01	10/30/01	SOLD	FEDERATED DEPARTMENT STORES INC-DEL EXECUTION BY MLCO COMMISSION 63,00 SEC FEE .96	FD	-900	31.69000		28,442.04
11/02/01	10/30/01	SOLD	K MART CORP EXECUTION BY MLCO COMMISSION 18,00 SEC FEE .06	KM	-300	5.86500		1,726.44
11/02/01	10/30/01	SOLD	LIBERTY MEDIA CORP SER A NEW EXECUTION BY MSCO COMMISSION 308,00 SEC FEE 1,72	LMCA	-4,400	11.67000		51,023.28
11/02/01	10/30/01	SOLD	LZ CLAIBORNE INC EXECUTION BY UBSW COMMISSION 182,00 SEC FEE 3,88	LZ	-2,600	44.66810		115,936.18
11/02/01	10/30/01	SOLD	SONIC AUTOMOTIVE INC-CL A EXECUTION BY RSSF COMMISSION 147,00 SEC FEE 1,23	SAH	-2,100	17.50000		36,586.77

027¶

12/01/01;12:52 001¶

EFTA00198148¶

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 Meterotech Center North Brooklyn, New York 11201-3859¶

10 of 21¶

INSTITUTIONAL INTERESTS¶

Transaction Detail (continued)¶

INVESTMENT ACTIVITY (continued)¶

IMMEMENT DATE	DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
11/05/01		NAME CHG	FOOT LOCKER INC F007761 FROM V100124 NC FOOT LOCKER INC	Z	6,850
11/05/01		NAME CHG	VENATOR GROUP INC V100124 TO F007761 NC FOOT Locker INC	922944103	-6,850
11/07/01	11/02/01	BOUGHT	TRW INC WITH RIGHTS TO PURCHASE COMMON STW UNDER CERTAIN CIRCUISSTANCE EXECUTION BY NEED COMMISSION 119,00	TRW	1,700	35,40000	60,314.00
11/08/01	11/05/01	SOLD	APPLIED MICRO CIRCUITS CORP EXECUTION BY DAIN SEC FEE 46	AMCC	-1,000	13.59670		13,581.24
11/08/01	11/05/01	BOUGHT	KOHLS CORP EXECUTION BY BUCK COMMISSION 126,00	KSS	2,100	59.05980	124,166.58
11/08/01	11/05/01	BOUGHT	TALBOTS INC EXECUTION BY BUCK COMMISSION 48,00	TLB	800	30.92990	24,806.92
11/08/01	11/05/01	SOLD	VITESSE SEMICONDUCTOR CORP EXECUTION BY DAIN SEC FEE 51	VTSS	-1,400	10.88200		15,219.29
11/09/01	11/06/01	SOLD	APPLIED MICRO CIRCUITS CORP EXECUTION BY DAIN SEC FEE 1.07	AMCC	-2,400	13.35000		32,023.93
11/09/01	11/06/01	SOLD	HEALTH MANAGEMENT ASSOCIATES INC NEW CLA SEE NOTE 'S' ON BACK EXECUTION BY FBC0 COMMISSION 679,00 SEC FEE 6,54	HMA	-9,700	20.21770		195,411.15
11/09/01	11/06/01	BOUGHT	KOHLS CORP EXECUTION BY BUCK COMMISSION 198,00	KSS	3,300	59.44150	196,369.95

027¶

12/01/01;12:52 001¶

EFTA00198149¶

OFFICE SERVICING YOUR ACCOUNT¶

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

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶

Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859¶

11 of 21¶

INSTITUTIONAL INTERESTS¶

Transaction Detail (continued)¶

INVESTMENT ACTIVITY (continued)¶

IMMEMENT DATE	DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
11/09/01	11/06/01	SOLD	SPECTRASITE HOLDINGS INC EXECUTION BY TWPT SEC FEE 1,69	SITE	-22,150	2.27960		50,476.45
11/09/01		JOURNAL	AMERICAN EAGLE OUTFITTERS INC NEW TO: TDL * JRL *	AEOS	-1,200
11/09/01		JOURNAL	AMERICAN EAGLE OUTFITTERS INC NEW FROM: TDL * JRL *	AEOS	1,200
11/13/01	11/07/01	BOUGHT	BEA SYSTEMS INC EXECUTION BY RSSF	BEAS	9,800	14.97030	146,723.94
11/13/01	11/07/01	BOUGHT	FOX ENTERTAINMENT GROUP INC CL A EXECUTION BY BUCK COMMISSION 120.00	FOX	2,000	22.98070	46,096.40
11/13/01	11/07/01	BOUGHT	PEREGRINE SYSTEMS INC EXECUTION BY DBAB	PRGN	3,300	17.19000	56,742.00
11/13/01	11/07/01	BOUGHT	USA NETWORKS INC EXECUTION BY GSCO	USAI	2,900	20.40050	59,176.45
11/13/01	11/07/01	BOUGHT	VERISIGN INC EXECUTION BY SBSH	VRSN	4,000	40.73700	162,963.00
11/13/01	11/07/01	BOUGHT	VERITAS SOFTWARE CORP EXECUTION BY FBCO	VRTS	2,600	35.63750	92,672.50
11/13/01	11/07/01	BOUGHT	VIACOM INC-CL B	VIAB	2,000	39.00000	78,140.00
11/14/01	11/08/01	BOUGHT	ADELPHIA COMMUNICATIONS CORP CL A EXECUTION BY MONT	ADLAC	1,100	23.39700	25,751.70
11/14/01	11/08/01	SOLD	E I DU PONT DE NEMOURS & CO EXECUTION BY BUCK COMMISSION 54,00 SEC FEE 1,29	DD	-900	42.90000	38,539.71

27	12/01/01;12:52 001	V513

EFTA00198150¶

OFFICE SERVICING YOUR ACCOUNT¶

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

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶

Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859¶

12 of 21¶

INSTITUTIONAL INTERESTS¶

Transaction Detail (continued)¶

INVESTMENT ACTIVITY (continued)¶

MENTION DATE	DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
11/14/01	11/08/01	SOLD	ENZON INC EXECUTION BY COWN SEC FEE 3,40	ENZN	-1,600	63.73400		101,956.00
11/14/01	11/08/01	BOUGHT	VERITAS SOFTWARE CORP EXECUTION BY COWN	VRTS	700	38.95000	25,880.00
11/14/01	11/08/01	SOLD	AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY RSSF SEC FEE 1,18	AEOS	-1,200	29.26500		35,101.82
11/15/01	11/09/01	SOLD	ADELPHA COMMUNICATIONS CORP CL A EXECUTION BY JPHQ VS 1100 11-08-01 SEC FEE 77	ADLAC	-1,100	20.76800		22,829.03
11/15/01	11/09/01	BOUGHT	BEA SYSTEMS INC EXECUTION BY COWN	BEAS	1,600	15.63000	25,023.00
11/15/01	11/12/01	BOUGHT	CENDANT CORP EXECUTION BY MLCO COMMISSION 231,00	CD	3,300	13.30000	44,136.00
11/15/01	11/12/01	SOLD	FEDERATED DEPARTMENT STORES INC-DEL EXECUTION BY BUCK COMMISSION 36,00 SEC FEE 67	FD	-600	33.30260		19,929.89
11/15/01	11/12/01	BOUGHT	PEREGRINE SYSTEMS INC EXECUTION BY SBSH	PRGN	1,300	16.64750	21,656.75
11/15/01	11/12/01	BOUGHT	ROYAL CARIBBEAN CRUISES LTD SEE NOTE "S" ON BACK EXECUTION BY JPHQ COMMISSION 518,00	RCL	7,400	11.48900	85,551.60
11/15/01	11/09/01	BOUGHT	VERITAS SOFTWARE CORP EXECUTION BY COWN	VRTS	600	35.08000	21,063.00
11/15/01	11/12/01	BOUGHT	VERITAS SOFTWARE CORP EXECUTION BY COWN AS OF 11/12/01	VRTS	650	34.86000	22,674.00

027¶

12/01/01;12:52 001¶

EFTA00198151¶

OFFICE SERVICING YOUR ACCOUNT¶

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

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶

Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859¶

13 of 21¶

INSTITUTIONAL INTERESTS¶

Transaction Detail (continued)¶

INVESTMENT ACTIVITY (continued)¶

DEMENTMENT DATE	DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	DEBT AMOUNT	CREDIT AMOUNT
11/16/01	11/13/01	BOUGHT	AOL TIME WARNER INC EXECUTION BY COWN COMMISSION 346,50	AOL	4,950	37.67000	186,828.00
11/16/01	11/13/01	BOUGHT	CENDANT CORP EXECUTION BY MDLD COMMISSION 115,50	CD	1,850	14.02000	23,263.50
11/16/01	11/13/01	BOUGHT	CITIZENS COMMUNICATIONS CO EXECUTION BY BUCK COMMISSION 215,00	CZN	4,300	9.96180	43,065.74
11/16/01	11/13/01	BOUGHT	CSX CORP WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY BUCK COMMISSION 117,00	CSX	1,950	35.88650	70,110.68
11/16/01	11/13/01	BOUGHT	EDISON INTERNATIONAL EXECUTION BY MSCO COMMISSION 171,50	EIX	2,450	15.01530	36,973.99
11/16/01	11/13/01	BOUGHT	EXPEDITORS INTERNATIONAL OF WASHINGTON INC EXECUTION BY INET COMMISSION 63,00	EXPD	2,100	51.35050	107,914.05
11/16/01	11/13/01	BOUGHT	FOX ENTERTAINMENT GROUP INC CO A EXECUTION BY MSCO COMMISSION 196,00	FOX	2,800	23.56300	66,187.40
11/16/01	11/13/01	BOUGHT	FMC CORP NEW SEE NOTE 'S' ON BACK EXECUTION BY BUCK COMMISSION 78,00	FMC	1,300	51.44850	66,976.05
11/16/01	11/13/01	BOUGHT	HARRAHS ENTERTAINMENT INC WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY OPCO COMMISSION 112,00	HET	1,600	32.42490	52,006.84

027¶

12/01/01;12:52 001¶

EFTA00198152¶

OFFICE SERVICING YOUR ACCOUNT¶

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

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶

Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859¶

14 of 21¶

INSTITUTIONAL INTERESTS¶

Transaction Detail (continued)¶

INVESTMENT ACTIVITY (continued)¶

DEMENTMENT DATE	DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
11/16/01	11/13/01	SOLD	HEALTH MANAGEMENT ASSOCIATES INC NEW-CL A SEE NOTE 'S' ON BACK EXECUTION BY MLCO COMMISSION 227,50 SEC FEE 2,16	HMA	-3,250	19.90870		64,458.62
11/16/01	11/13/01	BOUGHT	MGM MIRAGE EXECUTION BY OPCO COMMISSION 136,50	MGG	1,950	24.41870	47,767.97
11/16/01	11/13/01	BOUGHT	MANDALAY RESORT GROUP EXECUTION BY OPCO COMMISSION 136,50	MBG	1,950	20.71380	40,543.41
11/16/01	11/13/01	BOUGHT	NAUTICA ENTERPRISES INC EXECUTION BY RSSF	NAUT	2,600	12.98500	33,776.00
11/16/01	11/13/01	BOUGHT	NORFOLK SOUTHERN CORP EXECUTION BY SBSH COMMISSION 70,00	NSC	1,000	18.22930	18,314.30
11/16/01	11/13/01	BOUGHT	PEREGRINE SYSTEMS INC EXECUTION BY SBSH	PRGN	1,300	16.00750	20,824.75
11/16/01	11/13/01	BOUGHT	ROYAL CARIBBEAN CRUISES LTD SEE NOTE 'S' ON BACK EXECUTION BY JPHO COMMISSION 346,50	RCL	4,950	12.50590	62,265.71
11/16/01	11/13/01	BOUGHT	TOMMY HILFIGER CORP-ORD EXECUTION BY BUCK COMMISSION 126,00	TOM	2,100	12.60220	26,605.62
11/16/01	11/13/01	BOUGHT	USA NETWORKS INC EXECUTION BY JPHO	USAI	2,900	20.02700	58,093.30
11/16/01	11/13/01	SOLD	WATSON PHARMACUTICALS INC EXECUTION BY INET COMMISSION 46,00 SEC FEE 2,67	WPI	-2,300	34.81210		80,004.16
11/16/01	11/13/01	BOUGHT	YORK INTERNATIONAL CORP NEW EXECUTION BY BUCK COMMISSION 48,00	YRK	800	34.88200	27,968.60

027¶

12/01/01;12:52 001¶

EFTA00198153¶

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 Meterotech Center North Brooklyn, New York 11201-3859¶

15 of 21¶

INSTITUTIONAL INTERESTS¶

Transaction Detail (continued)¶

INVESTMENT ACTIVITY (continued)¶

DATE	DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
11/19/01	11/14/01	BOUGHT	AMERICAN STANDARD COMPANIES INC-DEL EXECUTION BY RSSF COMMISSION 189,00	ASD	2,700	63.15990	170,735.73
11/19/01	11/14/01	BOUGHT	YORK INTERNATIONAL CORP NEW EXECUTION BY RSSF COMMISSION 164,50	YRK	2,350	35.23100	82,972.35
11/20/01	11/15/01	SOLD	AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY RSSF SEC FEE 1,51	AEOS	-1,500	30.05750		45,069.74
11/20/01	11/15/01	BOUGHT	CSX CORP WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY FBCO COMMISSION 140,00	CSX	2,000	36.41000	72,975.00
11/20/01	11/15/01	SOLD	KOHLS CORP EXECUTION BY BUCK COMMISSION 66,00 SEC FEE 2,46	KSS	-1,100	66.86820		73,471.56
11/20/01	11/15/01	BOUGHT	SABRE HOLDINGS CORP CL A EXECUTION BY TWPT COMMISSION 227,50	TSG	3,250	30.42000	99,107.50
11/20/01	11/15/01	BOUGHT	TEXTRON INC WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY BUCK COMMISSION 264,00	TXT	4,400	38.59000	170,075.00
11/21/01	11/16/01	SOLD	AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY JPHQ SEC FEE 9,38	AEOS	-10,600	26.52020		281,089.74
11/21/01	11/16/01	BOUGHT	ADELPHIA COMMUNICATIONS CORP CL A EXECUTION BY SBSH	ADLAC	6,500	21.54200	140,038.00

027¶

12/01/01;12:52 001¶

EFTA00198154¶

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¶

16 of 21¶

INSTITUTIONAL INTERESTS¶

Transaction Detail (continued)¶

INVESTMENT ACTIVITY (continued)¶

DEMENTION DATE	DATE OF TRANSACTION	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
11/21/01	11/16/01	BOUGHT	FMC CORP NEW SEE NOTE "S" ON BACK EXECUTION BY BUCK COMMISSION 36,00 AS OF 11/16/01	FMC	600	50.80770	30,535.62
11/21/01	11/16/01	SOLD	POOT LOCKER INC EXECUTION BY BUCK COMMISSION 126,00 SEC FEE 1,14	Z	-2,100	16.15640		33,786.30
11/21/01	11/16/01	BOUGHT	IMC GLOBAL INC SEE NOTE "S" ON BACK EXECUTION BY BUCK COMMISSION 354,00	IGL	5,900	10.97750	65,136.25
11/21/01	11/16/01	SOLD	IMPERIAL CHEMICAL INDS PLC ADR NEW EXECUTION BY BUCK COMMISSION 96,00 SEC FEE 1,22	ICI	-1,600	22.80550		36,376.58
11/21/01	11/16/01	SOLD	KOHLS CORP EXECUTION BY BUCK COMMISSION 42,00 SEC FEE 1,52	KSS	-700	65.11890		45,524.71
11/21/01	11/16/01	SOLD	MCDATA CORP CL A EXECUTION BY CEUT SEC FEE .72	MCDTA	-1,100	19.59000		21,533.28
11/21/01	11/16/01	BOUGHT	SABRE HOLDINGS CORP CL A EXECUTION BY TWPT COMMISSION 112,00	TSG	1,600	31.50000	50,527.00
11/23/01	11/19/01	SOLD	SONIC AUTOMOTIVE INC-CL A EXECUTION BY BUCK COMMISSION 84,00 SEC FEE .89	SAH	-1,400	19.00150		26,502.21

027¶

12/01/01;12:52 001¶

EFTA00198155¶

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 Meterotech Center North Brooklyn, New York 11201-3859¶

17 of 21¶

INSTITUTIONAL INTERESTS¶

Transaction Detail (continued)¶

INVESTMENT ACTIVITY (continued)¶

IMMEMENT DATE	DATE OF TRANSACTION	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
11/26/01	11/20/01	SOLD	AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY JPHQ SEC FEE 89	AEOS	-1,000	26.69170		26,675.81
11/26/01	11/20/01	BOUGHT	ADELPHIA COMMUNICATIONS CORP CL A EXECUTION BY SBSH	ADLAC	4,600	22.63800	104,149.80
11/26/01	11/20/01	BOUGHT	AMERICAN STANDARD COMPANIES INC-DEL EXECUTION BY SIMM COMMISSION 98,00	ASD	1,400	62.97000	88,271.00
11/26/01	11/20/01	SOLD	ROVAL CARIBBEAN CRUISES LTD SEE NOTE 'S' ON BACK EXECUTION BY INET COMMISSION 74,00 SEC FEE 2,21	RCL	-3,700	17.83980		65,916.05
11/26/01	11/20/01	BOUGHT	SABRE HOLDINGS CORP CL A EXECUTION BY TWPT COMMISSION 112,00	TSG	1,600	34.52010	55,359.16
11/26/01	11/20/01	SOLD	TARGET CORP SEE NOTE 'S' ON BACK EXECUTION BY BUCK COMMISSION 78,00 SEC FEE 1,61	TGT	-1,300	36.99830		48,003.18
11/26/01	11/20/01	BOUGHT	VENTAS SOFTWARE CORP EXECUTION BY INET COMMISSION 30,00	VRTS	1,000	38.62230	38,667.30
11/26/01	11/20/01	BOUGHT	YORK INTERNATIONAL CORP NEW EXECUTION BY SIMM COMMISSION 175,00	YRK	2,500	35.30280	88,447.00
11/27/01	11/21/01	SOLD	TARGET CORP SEE NOTE 'S' ON BACK EXECUTION BY BUCK COMMISSION 42,00 SEC FEE 86	TGT	-700	36.48140		25,479.12

027¶

12/01/01;12:52 001¶

EFTA00198156¶

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¶

18 of 21¶

INSTITUTIONAL INTERESTS¶

Transaction Detail (continued)¶

INVESTMENT ACTIVITY (continued)¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
11/29/01	11/26/01	SOLD	AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY JPHQ SEC FEE .80	AEOS	-900	26.35000		23,699.20
11/30/01	11/27/01	BOUGHT	ADELPHIA COMMUNICATIONS CORP CL A EXECUTION BY SBSH	ADLAC	5,600	23.28200	130,394.20
11/30/01	11/27/01	BOUGHT	VISHAY INTERTECHNOLOGY INC SEE NOTE "S" ON BACK EXECUTION BY FBCO COMMISSION 343,00	VSH	4,900	19.05670	93,735.83
TOTAL								-$4,060,735.20	$2,161,234.64

MONEY FUND ACTIVITY¶

DATE MOVEDAY	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
10/27/01		OPENINGBALANCE		6,670,115.04
11/02/01	BOUGHT	THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO	GTDXX	300,000	1.0000	300,000.00
11/05/01	BOUGHT	THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO	GTDXX	250,000	1.0000	250,000.00
11/07/01	JOURNAL	THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO FROM: TDL * JRL *	GTDXX	5,584.32
11/07/01	JOURNAL	THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO TO: TDL * JRL *	GTDXX	-5,584.32
11/08/01	SOLD	THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO	GTDXX	-700,000	1.0000		700,000.00

027¶

12/01/01;12:52 001¶

EFTA00198157¶

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¶

19 of 21¶

INSTITUTIONAL INTERESTS¶

Transaction Detail (continued)¶

MONEY FUND ACTIVITY (continued)¶

MONDAY	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
11/14/01	SOLD	THE TREASURERS FUND INC DOMESTIC PRIME MMM PORTFOLIO	GTDXX	-1,000,000	1.0000		1,000,000.00
11/15/01	SOLD	THE TREASURERS FUND INC DOMESTIC PRIME MMM PORTFOLIO	GTDXX	-150,000	1.0000		150,000.00
11/16/01	SOLD	THE TREASURERS FUND INC DOMESTIC PRIME MMM PORTFOLIO	GTDXX	-200,000	1.0000		200,000.00
11/21/01	DIVIDEND	THE TREASURERS FUND INC DOMESTIC PRIME MMM PORTFOLIO MONTHLY DIVIDEND	GTDXX				5,976.19
11/21/01	DIVIDEND	THE TREASURERS FUND INC DOMESTIC PRIME MMM PORTFOLIO MONTHLY DIVIDEND	GTDXX				4,210.90
11/21/01	REINVEST	THE TREASURERS FUND INC DOMESTIC PRIME MMM PORTFOLIO MONTHLY DIVIDEND REINVESTED	GTDXX	5,976.19		5,976.19
11/21/01	REINVEST	THE TREASURERS FUND INC DOMESTIC PRIME MMM PORTFOLIO MONTHLY DIVIDEND REINVESTED	GTDXX	4,210.90		4,210.90
11/23/01	SOLD	THE TREASURERS FUND INC DOMESTIC PRIME MMM PORTFOLIO	GTDXX	-100,000	1.0000		100,000.00
11/27/01	JOURNAL	THE TREASURERS FUND INC DOMESTIC PRIME MMM PORTFOLIO FROM: TDL * JRL *	GTDXX	4,210.90
11/27/01	JOURNAL	THE TREASURERS FUND INC DOMESTIC PRIME MMM PORTFOLIO TO: TDL * JRL *	GTDXX	-4,210.90
11/29/01	SOLD	THE TREASURERS FUND INC DOMESTIC PRIME MMM PORTFOLIO	GTDXX	-200,000	1.0000		200,000.00
11/30/01	CLOSINGBALANCE			4,880,302.13
TOTAL						-$-560,187.09	$2,360,187.09

027	12/01/01;12:52 001	V513

EFTA00198158¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

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

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶

20 of 21¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

INSTITUTIONAL INTERESTS¶

Transaction Detail (continued)¶

DIVIDENDS¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	DEBIT AMOUNT	CREDIT AMOUNT
10/30/01	MILLENNIUM CHEMICALS INC ADJUST 09/28/01 DIVIDEND 10% FOREIGN TAX APPLIED	MCH	10,400		1,404.00
10/30/01	MILLENNIUM CHEMICALS INC ADJUST 09/28/01 DIVIDEND 10% FOREIGN TAX APPLIED FOREIGN TAX WITHHELD	MCH	10,400 WH		156.00	1,560.00
11/01/01	TYCO INTERNATIONAL LTD REC 10/01/01 PAY 11/01/01	TYC	6,300	0.0125		78.75
11/15/01	NOVA CHEMICALS CORP REC 10/31/01 PAY 11/15/01 FOREIGN TAX WITHHELD	NCX	8,600 WH	0.0627		539.89
TOTAL					-1,640.98	$2,178.64

INTEREST¶

DATE	DESCRIPTION			SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
11/21/01	INT CR		NOV 01					1,679.50
TOTAL								$1,679.50

MISCELLANEOUS¶

DATE MO/DAY	TRANSACTION	DESCRIPTION	DEBIT AMOUNT	CREDIT AMOUNT
11/02/01	JOURNAL	10/01 CLR CHG	35.00
11/07/01	JOURNAL	FROM: TDL -USD * JRL *		1,893.28
11/07/01	JOURNAL	TO: TDL -USD * JRL *	1,893.28

027¶

12/01/01;12:52 001¶

EFTA00198159¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

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

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶

21 of 21¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

Transaction Detail (continued)¶

MISCELLANEOUS (continued)¶

INSTITUTIONAL INTERESTS¶

Trades Executed Pending Settlement¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
12/03/01	11/28/01	SOLD	AMERICAN EAGLE OUTFITTERS INC NEW	AEOS	-445.00	25.0325		11,124.00
12/04/01	11/29/01	SOLD	AOL TIME WARNER INC	AOL	-2,500.00	34.6250		86,369.61
12/04/01	11/29/01	SOLD	MCDATA CORP CL A	MCDTA	-2,200.00	25.0090		54,936.96
12/05/01	11/30/01	SOLD	AMERICAN EAGLE OUTFITTERS INC NEW	AEOS	-1,205.00	24.8019		29,870.41
12/05/01	11/30/01	BOUGHT	KOHLS CORP	KSS	600.00	67.6334	40,631.04
TOTAL							$40,631.04	$182,301.06

The above trades do not appear in any other section of this statement.¶

027¶

12/01/01;12:52 001¶