EFTA00198187 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 ## What's In This Statement

Financial Summary	3
Your Portfolio Holdings	4
Transaction Detail	7
Fund Activity	16
Trades Not Yet Settled	18

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY There are no "Stop Loss" orders or other pending buy or sell open orders on file for your account. Bear, Steams Securities Corp. One Meterotech Center North Brooklyn, New York 11201-3859 Your Portfolio at a Glance

TOTAL VALUE OF SECURITIES THIS PERIOD	7,185,655
NET CREDIT BALANCE	972,540
MONEY MARKET FUND BALANCE	7,356,028
NET EQUITY THIS PERIOD	$15,514,223
NET EQUITY LAST STATEMENT	17,224,050
CHANGE SINCE LAST STATEMENT	-1,709,827

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. | | :--- | :--- | | 027 | 09/29/01:12:58 001 | V500 EFTA00198188 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY 2 of 19 Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS STATEMENT BACKER IS PRINTED ON THIS PAGE 027 EFTA00198189 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 3 of 19 Cash Flow Analysis

	THIS PERIOD
OpeningBalance	$2,814,728.42
Securities Sold	1,971,752.23
Money Fund	12,498.91
Dividends/Interest	11,531.35
Miscellaneous	599.00
Amount Credited	$1,996,381.49
Securities Bought	-625,114.53
Money Fund	-3,212,498.91
Miscellaneous	-956.00
Amount Debited	$-3,838,569.44
Net Cash Activity	-1,842,187.95
Closing Balance	$972,540.47

Cash Balance Summary

	OPENING	CLOSING
Cash	2,814,728.42	967,984.16
Margin	0.00	4,556.31
Net Cash Balance	$2,814,728.42	$972,540.47

Income Summary

	THIS PERIOD	YEAR TO DATE
Dividends	19,473.95	114,546.52
Substitute Payment	0.00	630.00
Credit Balance Int.	4,556.31	48,340.54
Total	$24,030.26	$163,517.06
Short Dividends	0.00	-144.50
Foreign Tax Withheld	0.00	-445.26
Margin Int. Paid	0.00	-47.91

Portfolio Composition

Cash/Cash Equivalent	8,328,568
Equities	7,185,655
Total	$15,514,223

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS Your Portfolio Allocation EFTA00198190 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 4 of 19 ## Your Portfolio Holdings ## CASH & CASH EQUIVALENTS

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
CASH BALANCE				972,540
THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO	GTDXX	7,349,392.12	1.0000	7,349,392	205,783	2.8000
THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO	GTDXX	6,636.01	1.0000	6,636	186	2.8029
TOTAL CASH & CASH EQUIVALENTS				$8,328,568	$205,969

## EQUITIES ## Equities & Options

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
ALPHARMA INC-CL A	ALO	CASH	5,500	28.8000	158,400	990	0.6250
ACTV INC	IATV	CASH	22,300	2.0400	45,492
APPLIED MICRO CIRCUITS CORP	AMCC	CASH	1,850	6.9900	12,932
AMERICAN EAGLE OUTFITTERS INC NEW	AEOS	CASH	20,950	19.9000	416,905
AGERE SYS INC CL A	AGRA	CASH	15,850	4.1300	65,461
ADELPHIA COMMUNICATIONS CORP CL A	ADLAC	CASH	14,354	22.2000	318,659
ANALOG DEVICES INC	ADI	CASH	3,400	32.7000	111,180
BEVERLY ENTERPRISES INC NEW	BEV	CASH	49,800	10.2000	507,960
CITIZENS COMMUNICATIONS CO	CZN	CASH	28,500	9.4000	267,900
CARNIVAL CORP-CL A	CCL	CASH	7,450	22.0200	164,049	3,129	1.9074
CUMMINS INC	CUM	CASH	2,400	33.0000	79,200	2,880	3.6364

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY Bear, Steams Securities Corp. One Mebrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS 027 09/29/01;12:58 001 EFTA00198191 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 5 of 19 ## Your Portfolio Holdings (continued) **Equities & Options** (continued)

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YELD (%)
DMC STRATEX NETWORKS INC	STXN	CASH	6,750	5.1600	34,830
EDISON INTERNATIONAL	EIX	CASH	8,100	13.1600	106,596
ELECTRIC LIGHTWAVE INC-CL A	ELIX	CASH	17,900	0.4600	8,234
ENZON INC	ENZN	CASH	2,950	51.0000	150,450
HONEYWELL INTL INC	HON	CASH	2,350	26.4000	62,040	1,763	2.8417
I-MANY INC	IMNY	CASH	32,650	2.3200	75,748
INTERNET SEC SYS INC	ISSX	CASH	2,450	9.1100	22,320
HCA INC (FRM HCA-HEALTHCARE COMPANY)	HCA	CASH	10,000	44.3100	443,100	800	0.1805
HARRIS CORP-DEL	HRS	CASH	9,350	31.8200	297,517	1,870	0.6285
HEALTH MANAGEMENT ASSOCIATES INC NEW-CL A	HMA	CASH	12,950	20.7600	268,842
K MART CORP	KM	CASH	17,500	6.9900	122,325
LIBERTY MEDIA CORP SER A NEW	LMCA	CASH	37,800	12.7000	480,060
MILLENNIUM CHEMICALS INC	MCH	CASH	7,900	10.4900	82,871	4,266	5.1478
MCDATA CORP CL A	MCDTA	CASH	13,550	8.3900	113,685
NOVA CHEMICALS CORP	NCX	CASH	8,600	16.3300	140,438	1,422	1.0125
POLO RALPH LAUREN CORP-CL A	RL	CASH	8,907	18.7500	167,006
ORION POWER HOLDINGS INC	ORN	CASH	11,200	25.5000	285,600
OMNICARE INC	OCR	CASH	13,100	21.8300	285,973	1,179	0.4123
REMEC INC	REMC	CASH	14,750	7.9300	116,968
SPECTRASITE HOLDINGS INC	SITE	CASH	22,150	2.4100	53,382
SYMBOL TECHNOLOGIES INC	SBL	CASH	8,900	10.4900	93,361	178	0.1907

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY Bear, Steams Securities Corp. One Meterotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS 027 09/29/01;12:58 001 EFTA00198192 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 6 of 19 ## Your Portfolio Holdings (continued) Equities & Options (continued)

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
TYCO INTERNATIONAL LTD	TYC	CASH	6,300	45.5000	286,650	315	0.1099
TIBCO SOFTWARE INC	TIBX	CASH	14,000	7.3400	102,760
TENET HEALTHCARE CORP	THC	CASH	7,350	59.6500	438,428
TEXAS INSTRUMENTS INC	TXN	CASH	4,100	24.9800	102,418	349	0.3408
TRANSWITCH CORP	TXCC	CASH	8,100	3.0600	24,786
TOMMY HILFIGER CORP-ORD	TOM	CASH	11,800	8.9500	105,610
UNITEDGLOBALCOM CL A	UCOMA	CASH	15,700	2.3200	36,424
UNITED RETAIL GROUP INC	URGI	CASH	16,700	6.3200	105,544
UNIVERSAL HEALTH SERVICES INCL B	UHS	CASH	5,100	48.8000	248,880
VITRIA TECHNOLOGY INC COM	VITR	CASH	28,350	2.0500	58,118
VITESSE SEMICONDUCTOR CORP	VTSS	CASH	4,450	7.7500	34,488
WATSON PHARMACEUTICALS INC Total Equities& Options	WPI	CASH	1,500	54.7100	82,065
TOTAL EQUITIES					$7,185,655	$19,141

YOUR TOTAL ESTIMATED ANNUAL INCOME	$225,110
YOUR PRICED PORTFOLIOHOLDINGS	$15,514,223

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY Bear, Steams Securities Corp. One Meterotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS 027 09/29/01;12:58 001 V500 EFTA00198193 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 7 of 19 INSTITUTIONAL INTERESTS Transaction Detail ## INVESTMENT ACTIVITY

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
09/04/01	08/27/01	CANCEL SELL	ADELPHIA BUSINESS SOLUTIONS INC CL A EXECUTION BY REDI VS 1400 09-28-00 12-14-00 VS8400 1-18-01 ORIGINAL SDD 08/30/01 TO CXL PREVIOUS SELL	ABIZ	9,800	1.82230	17,646.94
09/04/01	08/29/01	SOLD	ADELPHIA BUSINESS SOLUTIONS INC CL A EXECUTION BY REDI COMMISSION 86,00 SEC FEE 26	ABIZ	-4,300	1.78520		7,575.10
09/04/01	08/28/01	SOLD	ADELPHIA BUSINESS SOLUTIONS INC CL A EXECUTION BY REDI VS 1400 09-28-00 12-14-00 VS8400 1-18-01 ORIGINAL SDD 08/31/01 COMMISSION 196,00	ABIZ	-9,800	1.82230		17,646.94
09/04/01	08/29/01	BOUGHT	AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY RSSF	AEOS	2,300	25.65920	59,031.16
09/04/01	08/29/01	SOLD	CITIZENS COMMUNICATIONS CO EXECUTION BY RSSF VSP 700 5/02/01, 7600 5/31/01 COMMISSION 498,00 SEC FEE 2,98 AS OF 08/29/01	CZN	-8,300	10.75000		88,709.02
09/04/01	08/29/01	SOLD	TALBOT'S INC EXECUTION BY BUCK COMMISSION 22,62 SEC FEE 47	TLB	-377	37.31170		14,028.42
09/05/01	08/30/01	BOUGHT	AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY RSSF	AEOS	1,500	25.06720	37,615.80

027 09/29/01;12:58 001 EFTA00198194 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 8 of 19 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	CREDIT AMOUNT
09/05/01	08/30/01	SOLD	ELECTRIC LIGHTWAVE INC-CL A EXECUTION BY REDI VS 4000 07-09-98 COMMISSION 80,00 SEC FEE ,11	ELIX	-4,000	0.81220	3,153.69
09/05/01	08/30/01	SOLD	OFFICE DEPOT INC WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY GSCO COMMISSION 273,00 SEC FEE 1,81	ODP	-3,900	13.87000	53,803.19
09/05/01	08/30/01	SOLD	TALBOTS INC EXECUTION BY RHCO COMMISSION 99,61 SEC FEE 1,75	TLB	-1,423	36.80600	52,258.58
09/05/01	08/30/01	SOLD	TOMMY HILFIGER CORP-ORD EXECUTION BY BUCK COMMISSION 60,00 SEC FEE ,42	TOM	-1,000	12.43840	12,362.98
09/07/01	09/04/01	SOLD	ELECTRIC LIGHTWAVE INC-CL A EXECUTION BY REDI COMMISSION 80,00 SEC FEE ,12	ELIX	-4,000	0.84000	3,264.88
09/07/01	09/04/01	SOLD	QUICKSILVER INC EXECUTION BY RHCO VS 400 06-07-01 COMMISSION 28,00 SEC FEE ,30 AS OF 09/04/01	ZQK	-400	21.90000	8,716.70
09/07/01	09/04/01	SOLD	QUICKSILVER INC VSP 6/7/01	ZQK	-2,000	22.25250	44,363.51
09/07/01	09/04/01	SOLD	TALBOTS INC EXECUTION BY BUCK COMMISSION 36,00 SEC FEE ,75	TLB	-600	37.14120	22,232.97

027 09/29/01;12:58 001 EFTA00198195 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 9 of 19 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

DEMENTMENT DATE	DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	CREDIT AMOUNT
09/07/01	09/04/01	SOLD	TOMMY HILFIGER CORP-ORD EXECUTION BY BUCK COMMISSION 36,00 SEC FEE 26	TOM	-600	13.00000	7,748.74
09/10/01	09/05/01	SOLD	ALLEGIANCE TELECOM INC EXECUTION BY FBCO VRS 200 5/08/01, 2300 2/23/01 SEC FEE 1,00 AS OF 09/05/01	ALGX	-2,500	11.96050	29,885.25
09/10/01	09/05/01	SOLD	QUIKSILVER INC VRS 06/07/01 AS OF 09/05/01	ZQK	-200	19.88500	3,966.86
09/10/01	09/05/01	SOLD	QUIKSILVER INC VRS 07/11/01 AS OF 09/05/01	ZQK	-500	19.88500	9,917.16
09/10/01	09/05/01	SOLD	QUIKSILVER INC VRS 04/12/01 AS OF 09/05/01	ZQK	-950	19.88500	18,842.62
09/10/01	09/05/01	SOLD	QUIKSILVER INC VRS 06/06/01 AS OF 09/05/01	ZQK	-1,300	19.88500	25,784.63
09/10/01	09/05/01	SOLD	QUIKSILVER INC VRS 06/08/01 AS OF 09/05/01	ZQK	-1,900	19.88500	37,685.24
09/10/01	09/05/01	SOLD	QUIKSILVER INC VRS 01/05/01 AS OF 09/05/01	ZQK	-2,150	19.88500	42,643.82
09/10/01	09/05/01	SOLD	TOMMY HILFIGER CORP-ORD EXECUTION BY GSCO COMMISSION 182,00 SEC FEE 1,11	TOM	-2,600	12.77740	33,023.13
09/11/01	09/06/01	SOLD	ALPHARMA INC-CL A EXECUTION BY COWN COMMISSION 175,00 SEC FEE 2,54	ALO	-2,500	30.43510	75,895.21

027 09/29/01;12:58 001 EFTA00198196 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 10 of 19 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

SEMESTER DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
09/11/01	09/06/01	SOLD	ANALOG DEVICES INC WITH RIGHTS TO PURCHASE COMMON STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY GKMC COMMISSION 56,00 SEC FEE 1,17	ADI	-800	43.71190		34,897.35
09/11/01	09/06/01	SOLD	ELECTRIC LIGHTWAVE INC-CL A EXECUTION BY REDI COMMISSION 50,00 SEC FEE ,07	ELIX	-2,500	0.80520		1,947.93
09/11/01	09/06/01	SOLD	QUINSLVER INC EXECUTION BY VKCO VSP 250 1/05/01, 1150 1/09/01 COMMISSION 98,00 SEC FEE ,91 AS OF 09/06/01	ZQK	-1,400	19.48920		27,170.97
09/11/01	09/06/01	SOLD	TEXAS INSTRUMENTS INC SEE NOTE "S" ON BACK EXECUTION BY GKMC COMMISSION 91,00 SEC FEE 1,30	TXN	-1,300	29.89180		38,752.04
09/12/01	09/07/01	SOLD	ALPHARMA INC-CL A EXECUTION BY COWN COMMISSION 259,00 SEC FEE 3,68	ALO	-3,700	29.82390		110,070.75
09/12/01	09/07/01	BOUGHT	ANALOG DEVICES INC WITH RIGHTS TO PURCHASE COMMON STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY MSCO COMMISSION 91,00	ADI	1,300	42.87700	55,846.10
09/12/01	09/07/01	BOUGHT	MCDATA CORP CL A EXECUTION BY CEUT	MCDTA	6,300	11.15000	70,260.00
09/12/01	09/07/01	BOUGHT	TEXAS INSTRUMENTS INC SEE NOTE "S" ON BACK EXECUTION BY MSCO COMMISSION 140.00	TXN	2,000	29.05000	58,255.00

027 09/29/01;12:58 001 EFTA00198197 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 11 of 19 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

DATE	DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
09/12/01	09/07/01	SOLD	TOMMY HILFIGER CORP-ORD EXECUTION BY RHCO COMMISSION 77,00 SEC FEE ,45	TOM	-1,100	12.02500		13,135.05
09/13/01	09/10/01	SOLD	TOMMY HILFIGER CORP-ORD EXECUTION BY BUCK COMMISSION 282,00 SEC FEE ,1,81	TOM	-4,700	11.53030		53,893.60
09/18/01	09/17/01	SOLD	PUT ROYAL CARIBB SEP22.50**** EXP 09/22/2001 AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT CLOSING CONTRACT AS OF 09/17/01	V778019U9	-61	7.90670		48,046.26
09/18/01	09/17/01	SOLD	PUT CARNIVAL CP SEP 030**** EXP 09/22/2001 AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT CLOSING CONTRACT AS OF 09/17/01	1436589U8	-50	10.86500		54,173.18
09/19/01	09/18/01	SOLD	PUT ROYAL CARIBB SEP22.50**** EXP 09/22/2001 AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT CLOSING CONTRACT AS OF 09/18/01	V778019U9	-20	9.50000		18,939.36
09/20/01	09/17/01	BOUGHT	COUNTRYWIDE CREDIT INDSING WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE SEE NOTE 'S' ON BACK EXECUTION BY UBSW COMMISSION 217,00	CCR	3,100	39.77060	123,520.86
09/20/01	09/17/01	SOLD	ELECTRIC LIGHTWAVE INC-CL A EXECUTION BY REDI VS 3700 01-20-99 COMMISSION 74,00 SEC FEE ,10	ELIX	-3,700	0.76330		2,735.11

027 09/29/01;12:58 001 EFTA00198198 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 12 of 19 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
09/20/01	09/17/01	BOUGHT	ENZON INC EXECUTION BY COWN	ENZN	1,300	53.85000	70,020.00
09/20/01	09/17/01	SOLD	HONEWELL INTL INC SEE NOTE 'S' ON BACK EXECUTION BY UBSW COMMISSION 87,50 SEC FEE 1,22	HON	-1,250	29.20000		36,396.28
09/20/01	09/17/01	SOLD	KOHLS CORP EXECUTION BY BUCK COMMISSION 30,00 SEC FEE ,78	KSS	-500	46.36250		23,135.47
09/20/01	09/17/01	SOLD	MILLENNIUM CHEMICALS INC EXECUTION BY UBSW COMMISSION 98,00 SEC FEE ,54	MCH	-1,400	11.41930		15,873.48
09/20/01	09/17/01	SOLD	ORION POWER HOLDINGS INC EXECUTION BY UBSW COMMISSION 77,00 SEC FEE ,72	ORN	-1,100	19.52880		21,388.96
09/20/01	09/17/01	SOLD	QUKSLVER INC EXECUTION BY JRCO COMMISSION 168,00 SEC FEE 1,08	ZQK	-2,400	13.46590		32,134.08
09/21/01	09/18/01	SOLD	QUKSLVER INC EXECUTION BY RYAN COMMISSION 84,00 SEC FEE ,57	ZQK	-1,200	14.01130		16,713.99
09/24/01	09/19/01	SOLD	ELECTRIC LIGHTWAVE INC-CL A EXECUTION BY REDI VSP 1600 1/15/99,4100 1/20/99 COMMISSION 114,00 SEC FEE ,17 AS OF 09/19/01	ELIX	-5,700	0.84870		4,708.42

027 09/29/01;12:58 001 EFTA00198199 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 13 of 19 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
09/24/01	09/19/01	SOLD	QUIKSILVER INC EXECUTION BY BUCK COMMISSION 125,52 SEC FEE .97 AS OF 09/19/01	ZQK	-2,092	13.86070		28,855.09
09/24/01	09/19/01	SOLD	TALBOTS INC EXECUTION BY VKCO COMMISSION 154,00 SEC FEE 1,98 AS OF 09/19/01	TLB	-2,200	26.97140		59,166.10
09/25/01	09/20/01	SOLD	ALPHARMA INC-CLA EXECUTION BY BUCK COMMISSION 126,00 SEC FEE 1,83	ALO	-2,100	26.07870		54,622.44
09/25/01	09/20/01	BOUGHT	AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY RSSF	AEOS	1,100	17.91620	19,722.82
09/25/01	09/20/01	SOLD	COUNTRYWIDE CREDIT INDS INC WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE SEE NOTE 'S' ON BACK EXECUTION BY COWN COMMISSION 112,00 SEC FEE 2,18	CCR	-1,600	40.75380		65,076.90
09/25/01	09/20/01	SOLD	KOHLS CORP EXECUTION BY BUCK COMMISSION 48,00 SEC FEE 1,17	KSS	-800	43.58330		34,802.47
09/26/01	09/21/01	BOUGHT	AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY RSSF	AEOS	2,000	17.99310	36,001.20

027 09/29/01;12:58 001 EFTA00198200 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 14 of 19 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	CREDIT AMOUNT
09/26/01	09/21/01	SOLD	COUNTRYWIDE CREDIT INDS INC WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE SEE NOTE 'S' ON BACK EXECUTION BY BUCK COMMISSION 90,00 SEC FEE 1,92	CCR	-1,500	38.25000	57,268.08
09/26/01	09/21/01	SOLD	CUMMINS INC WITH RIGHTS TO PURCHASE COMMON STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY TWPT COMMISSION 7,00 SEC FEE 10	CUM	-100	28.24250	2,802.15
09/26/01	09/21/01	SOLD	EDISON INTERNATIONAL EXECUTION BY BUCK COMMISSION 360,00 SEC FEE 2,23	EIX	-6,000	11.12540	66,375.17
09/26/01	09/21/01	SOLD	HONEYWELL INTL INC SEE NOTE 'S' ON BACK EXECUTION BY UBSW COMMISSION 91,00 SEC FEE 98	HON	-1,300	22.53190	29,184.49
09/26/01	09/21/01	SOLD	MILLENNIUM CHEMICALS INC EXECUTION BY TWPT COMMISSION 66,00 SEC FEE 35	MCH	-1,100	9.43660	10,298.91
09/26/01	09/21/01	SOLD	ROVAL CARIBBEAN CRUISES LTD SEE NOTE 'S' ON BACK EXECUTION BY TWPT COMMISSION 810,00 SEC FEE 3,67	RCL	-13,500	8.14350	109,108.58
09/26/01	09/21/01	SOLD	SOUTHWEST AIRLINES CO WITH RIGHTS TO PURCHASE COMMON STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY FBCO COMMISSION 182,00 SEC FEE 1,19	LUV	-2,800	13.63000	35,239.81

027 09/29/01;12:58 001 EFTA00198201 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 15 of 19 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

DEMENTMENT DATE	DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	CREDIT AMOUNT
09/26/01	09/21/01	SOLD	TYCO INTERNATIONAL LTD EXECUTION BY UBSW COMMISSION 91,00 SEC FEE 1,71	TYC	-1,300	39.27550	50,950.44
09/26/01	09/21/01	SOLD	TIME WARNER TELECOM INC CLASS A EXECUTION BY TWPT SEC FEE .94	TWTC	-1,800	15.63330	28,124.00
09/27/01	09/24/01	SOLD	ELECTRIC LIGHTWAVE INC-CL A EXECUTION BY REDI COMMISSION 146,00 SEC FEE .15	ELIX	-7,300	0.60400	4,248.05
09/27/01	09/24/01	SOLD	SOUTHWEST AIRLINES CO WITH RIGHTS TO PURCHASE COMMON STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY JPHQ COMMISSION 175,00 SEC FEE 1,15	LUV	-2,500	13.78350	34,267.60
09/28/01	09/25/01	SOLD	ALLEGIANCE TELECOM INC EXECUTION BY DAIN SEC FEE 2,33	ALGX	-10,900	6.40990	69,850.58
09/28/01	09/25/01	SOLD	ELECTRIC LIGHTWAVE INC-CL A EXECUTION BY REDI VS 2200 08-10-98, 3800 01-22-99 COMMISSION 120,00 SEC FEE .11	ELIX	-6,000	0.50840	2,915.29
09/28/01	09/25/01	SOLD	TIME WARNER TELECOM INC CLASS A EXECUTION BY INET COMMISSION 30,00 SEC FEE .50	TWTC	-1,000	14.87800	14,832.50
09/28/01	09/25/01	SOLD	TIME WARNER TELECOM INC CLASS A EXECUTION BY TWPT SEC FEE 1,54	TWTC	-4,000	11.53980	46,142.66

027 09/29/01;12:58 001 EFTA00198202 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metratech Center North Brooklyn, New York 11201-3859 16 of 19 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
09/28/01	09/25/01	BOUGHT	WATSON PHARMACEUTICALS INC AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT	WPI	1,500	51.39310	77,194.65

TOTAL

-625,114.53

$1,971,752.23

## MONEY FUND ACTIVITY

DATE MO/DAY	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
09/01/01		OPENINGBALANCE		4,143,529.22
09/06/01	BOUGHT	THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO	GTDXX	2,000,000	1.0000	2,000,000.00
09/20/01	BOUGHT	THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO	GTDXX	400,000	1.0000	400,000.00
09/21/01	DIVIDEND	THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO MONTHLY DIVIDEND	GTDXX				5,862.90
09/21/01	DIVIDEND	THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO MONTHLY DIVIDEND	GTDXX				6,636.01
09/21/01	REINVEST	THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO MONTHLY DIVIDEND REINVESTED	GTDXX	5,862.90		5,862.90
09/21/01	REINVEST	THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO MONTHLY DIVIDEND REINVESTED	GTDXX	6,636.01		6,636.01
09/25/01	BOUGHT	THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO BUY	GTDXX	800,000	1.0000	800,000.00

09/28/01	CLOSINGBALANCE	7,356,028.13
TOTAL		-3,498.91	$12,498.91

027 09/29/01;12:58 001 EFTA00198203 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 17 of 19 Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS ## Transaction Detail (continued) ## DIVIDENDS STATEMENT PERIOD September 1, 2001 THROUGH September 28, 2001 | LAST STATEMENT | August 31, 2001 | | :--- | :--- |

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	CREDIT AMOUNT
09/04/01	HCA INC (FRM HCA-HEALTHCARE COMPANY) REC 08/01/01 PAY 09/01/01	HCA	12,100	0.0200	242.00
09/10/01	HONEYWELL INTL INC REC 08/20/01 PAY 09/10/01	HON	4,900	0.1875	918.75
09/11/01	OMNICARE INC REC 08/28/01 PAY 09/11/01	OCR	13,100	0.0225	294.75
09/14/01	CARNIVAL CORP-CL A REC 08/31/01 PAY 09/14/01	CCL	7,450	0.1050	782.25
09/14/01	CUMMINS INC REC 08/31/01 PAY 09/14/01	CUM	2,500	0.3000	750.00
09/17/01	TALBOTS INC REC 09/04/01 PAY 09/17/01	TLB	4,223	0.0800	337.84
09/21/01	HARRIS CORP-DEL REC 09/07/01 PAY 09/21/01	HRS	9,350	0.0500	467.50
09/27/01	SOUTHWEST AIRLINES CO REC 09/05/01 PAY 09/27/01	LUV	5,100	0.0045	22.95
09/28/01	MILLENNIUM CHEMICALS INC REC 09/12/01 PAY 09/28/01	MCH	10,400	0.1350	1,404.00
09/28/01	ROYAL CARIBBEAN CRUISES LTD REC 09/17/01 PAY 09/28/01	RCL	13,500	0.1300	1,755.00
TOTAL					$6,975.04

INTEREST

DATE	DESCRIPTION			SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
09/21/01	INT CR		SEP 01					4,556.31
TOTAL								$4,556.31

027 09/29/01;12:58 001 EFTA00198204 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 18 of 19 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY ## Transaction Detail (continued) ## MISCELLANEOUS Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 ## Trades Executed Pending Settlement INSTITUTIONAL INTERESTS

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
10/01/01	09/26/01	BOUGHT	ALPHARMA INC-CL A	ALO	4,400.00	26.7237	117,907.28
10/01/01	09/26/01	SOLD	HONEYWELL INTL INC	HON	-2,350.00	26.2849		61,587.96
10/02/01	09/27/01	BOUGHT	BJ SERVICES CO WITH RIGHTS TO PURCHASE PREFRD	BJS	1,900.00	15.9065	30,370.35
10/02/01	09/27/01	BOUGHT	COOPER CAMERON CORP	CAM	1,300.00	30.7050	40,022.50
10/02/01	09/27/01	BOUGHT	DIAMOND OFFSHORE DRILLING INC	DO	1,900.00	23.5450	44,883.50
10/02/01	09/27/01	SOLD	ORION POWER HOLDINGS INC	ORN	-5,600.00	25.0500		139,868.32
10/02/01	09/27/01	BOUGHT	SMITH INTERNATIONAL INC WITH RIGHTS TO PURCHASE PREFRD	SII	1,300.00	34.4422	44,880.86
10/02/01	09/27/01	BOUGHT	WEATHERFORD INTERNATIONAL INC NEW	WFT	1,900.00	24.3162	46,348.78

027 09/29/01;12:58 001 EFTA00198205 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 19 of 19 INSTITUTIONAL INTERESTS ## Trades Executed Pending Settlement (continued)

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	CREDIT AMOUNT
10/03/01	09/28/01	SOLD	BJ SERVICES CO WITH RIGHTS TO PURCHASE PREFRD	BJS	-1,900.00	17.5884	33,268.84
10/03/01	09/28/01	SOLD	COOPER CAMERON CORP	CAM	-1,300.00	32.7378	42,451.72
10/03/01	09/28/01	SOLD	DIAMOND OFFSHORE DRILLING INC	DO	-1,900.00	25.2161	47,760.99
10/03/01	09/28/01	SOLD	ORION POWER HOLDINGS INC	ORN	-5,600.00	25.5000	142,388.24
10/03/01	09/28/01	SOLD	SMITH INTERNATIONAL INC WITH RIGHTS TO PURCHASE PREFRD	SII	-1,300.00	36.4673	47,299.90
10/03/01	09/28/01	SOLD	WEATHERFORD INTERNATIONAL INC NEW	WFT	-1,900.00	25.5000	48,300.38
TOTAL							$324,413.27	$562,926.35

The above trades do not appear in any other section of this statement. ******* End of Statement******* 09/29/01;12:58 001 027 V500