EFTA00198259 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	8
Fund Activity	16
Trades Not Yet Settled	18

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech 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	14,630,025
NET CREDIT BALANCE	1,893,447
MONEY MARKET FUND BALANCE	1,638,160
NET EQUITY THIS PERIOD	$18,161,632
NET EQUITY LAST STATEMENT	18,744,462
CHANGE SINCE LAST STATEMENT	-582,831

INSTITUTIONAL INTERESTS Market Value of Your Portfolio | 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 | 07/28/01;11:43 001 | V482 EFTA00198260 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY 2 of 18 Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS STATEMENT BACKER IS PRINTED ON THIS PAGE 027 EFTA00198261 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 3 of 18 Cash Flow Analysis

	THIS PERIOD
OpeningBalance	$1,564,698.41
Securities Sold	2,917,185.59
Money Fund	4,973.36
Dividends/Interest	10,287.93
Miscellaneous	313,677.09
Amount Credited	$3,246,123.97
Securities Bought	-2,575,199.43
Money Fund	-4,973.36
Funds Withdrawn	-23,490.77
Miscellaneous	-313,712.09
Amount Debited	$-2,917,375.65
Net Cash Activity	328,748.32
Closing Balance	$1,893,446.73

Cash Balance Summary

	OPENING	CLOSING
Cash	202,535.13	0.00
Margin	1,362,163.28	1,893,446.73
Net Cash Balance	$1,564,698.41	$1,893,446.73

Income Summary

	THIS PERIOD	YEAR TO DATE
Dividends	11,086.86	88,912.68
Substitute Payment	0.00	630.00
Credit Balance Int.	4,174.43	38,496.16
Total	$15,261.29	$128,038.84
Short Dividends	0.00	-144.50
Foreign Tax Withheld	0.00	-361.22
Margin Int. Paid	0.00	-47.91

Portfolio Composition

Cash/Cash Equivalent	3,531,607
Equities	14,630,025
Total	$18,161,632

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS 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. EFTA00198262 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 4 of 18 ## Your Portfolio Holdings ## CASH & CASH EQUIVALENTS

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME
CASH BALANCE				1,893,447
THE TREASURERS FUND INC	GTDXX	1,638,160.09	1.0000	1,638,160	54,059
DOMESTIC PRIME M/M PORTFOLIO
TOTAL CASH & CASH EQUIVALENTS				$3,531,607	$54,059

## EQUITIES Equities & Options

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
ALPHARMA INC-CL A	ALO	MRGN	13,800	28.5000	393,300	2,484	0.6316
ACTV INC	IATV	MRGN	22,300	2.3800	53,074
ALLEGIANCE TELECOM INC	ALGX	MRGN	13,400	14.1000	188,940
APPLIED MICRO CIRCUITS CORP	AMCC	MRGN	1,850	16.5800	30,673
ADELPHIA BUSINESS SOLUTIONS INC CL A	ABIZ	MRGN	52,200	4.0200	209,844
AT&T CORP LIBERTY MEDIA GROUP SER A	LMGA	MRGN	37,800	15.7500	595,350
AMERICAN EAGLE OUTFITTERS INC NEW	AEOS	MRGN	9,950	37.5300	373,424
AGERE SYS INC CL A	AGRA	MRGN	15,850	5.7000	90,345
AMR CORP-DEL	AMR	MRGN	7,550	34.8000	262,740
ADELPHIA COMMUNICATIONS CORP CL A	ADLAC	MRGN	14,354	36.8000	528,227
ALASKA AIR GROUP INC	ALK	MRGN	6,200	30.6400	189,968

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY Bear, Steams Securities Corp. One Meterotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS 027 07/28/01;11:43 001 EFTA00198263 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 **5 of 18** ## Your Portfolio Holdings (continued) Equities & Options (continued)

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
ANALOG DEVICES INC	ADI	MRGN	3,900	47,000	183,300
BEVERLY ENTERPRISES INC NEW	BEV	MRGN	49,800	10,150	505,470
BRAUN CONSULTING INC	BRNC	MRGN	11,000	7,530	82,830
CITIZENS COMMUNICATIONS CO	CZN	MRGN	36,800	12,710	467,728
CAPSTONE TURBINE CORP	CPST	MRGN	6,200	12,050	74,710
CONVERGYS CORP	CVG	MRGN	3,200	31,640	101,248
CARNIVAL CORP-CL A	CCL	MRGN	7,450	32,990	245,776	3,129	1.2731
COMCAST CORP-SPECIAL CL A	CMCSK	MRGN	4,500	36,970	166,365
CONTINENTAL AIRLINES INC-CL B	CAL	MRGN	3,550	49,260	174,873
COOPER INDUSTRIES INC	CBE	MRGN	2,250	40,500	91,125	3,150	3.4568
CUMMINS INC	CUM	MRGN	2,500	41,020	102,550	3,000	2.9254
DMC STRATEX NETWORKS INC	STXN	MRGN	9,150	9,860	90,219
EDISON INTERNATIONAL	EIX	MRGN	14,100	14,190	200,079
ELECTRIC LIGHTWAVE INC-CL A	ELIX	MRGN	51,100	1,210	61,831
ENZON INC	ENZN	MRGN	1,500	62,250	93,375
GOODRICH CORPORATION (FRM B F GOODRICH CO)	GR	MRGN	8,300	35,400	293,820	9,130	3.1073
ITT INDUSTRIES INC	ITT	MRGN	2,600	43,830	113,958	1,560	1.3689
HONEYWELL INTL INC	HON	MRGN	4,900	37,370	183,113	3,675	2.0070
I-MANY INC	IMNY	MRGN	26,000	5,970	155,220
INTERNET SEC SYS INC	ISSX	MRGN	4,850	23,100	112,035
HCA INC (FRM HCA-HEALTHCARE COMPANY)	HCA	MRGN	12,100	44,950	543,895	968	0.1780
HARRIS CORP-DEL	HRS	MRGN	9,350	29,950	280,033	1,870	0.6678

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS 027 07/28/01;11:43 001 EFTA00198264 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 6 of 18 ## Your Portfolio Holdings (continued) Equities & Options (continued)

DESCRIPTION	SYMBOL/CUSIP	ACT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
HEALTH MANAGEMENT ASSOCIATES INC NEW-CL A	HMA	MRGN	16,150	18.8900	305,074
K MART CORP	KM	MRGN	19,200	11.2200	215,424
LIZ CLAIBORNE INC	LIZ	MRGN	1,500	52.9700	79,455	675	0.8495
LYONDELL CHEMICAL COMPANY	LYO	MRGN	7,000	14.1500	99,050	6,300	6.3604
MCLEODUSA INC-CL A FORMERLY MCLEOD INC	MCLD	MRGN	15,950	2.2800	36,366
MILLENNUM CHEMICALS INC	MCH	MRGN	10,400	14.9600	155,584	6,240	4.0107
METROMEDIA FIBER NETWORK INC CL A	MFNX	MRGN	18,800	0.5700	10,716
MCKESSON HBOC INC COM	MCK	MRGN	2,800	38.9500	109,060	672	0.6162
MCDATA CORP CL A	MCDTA	MRGN	13,350	18.2800	244,038
METHANEX CORP	MEOH	MRGN	10,200	6.1500	62,730
NOVA CHEMICALS CORP	NCX	MRGN	8,600	19.8300	170,538	1,459	0.8555
NAVISTAR INTERNATIONAL CORP NEW	NAV	MRGN	2,000	31.7000	63,400
NORTHWEST AIRLINES CORP	NWAC	MRGN	4,450	26.1700	116,457
POLO RALPH LAUREN CORP-CL A	RL	MRGN	3,207	23.7500	76,166
QUANTA SERVICES INC	PWR	MRGN	3,550	24.5600	87,188
ORION POWER HOLDINGS INC	ORN	MRGN	12,300	21.2600	261,498
OFFICE DEPOT INC	ODP	MRGN	7,900	12.7500	100,725
OMNICARE INC	OCR	MRGN	19,000	24.7500	470,250	1,710	0.3636
PACIFIC SUNWEAR OF CALIFORNIA INC	PSUN	MRGN	3,500	23.0000	80,500

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY Bear, Steams Securities Corp. One Metratech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS 027 07/28/01;11:43 001 EFTA00198265 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 7 of 18 ## Your Portfolio Holdings (continued) **Equities & Options** (continued)

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
QUIKSILVER INC	ZOK	MRGN	16,492	21.1400	348,641
REMEC INC	REMC	MRGN	18,250	11.7000	213,525
ROYAL CARIBBEAN CRUISES LTD	RCL	MRGN	13,500	23.2500	313,875	7,020	2.2366
SOLUTIA INC	SOI	MRGN	6,700	13.5400	90,718	268	0.2954
SPECTRASITE HOLDINGS INC	SITE	MRGN	36,800	6.0000	220,800
SENSORMATIC ELECTRONICS CORP	SRM	MRGN	5,950	14.3500	85,383
SOUTHWEST AIRLINES CO	LUV	MRGN	10,200	19.4500	198,390	184	0.0927
SUN MICROSYSTEMS INC	SUNW	MRGN	5,200	16.2900	84,708
SYMBOL TECHNOLOGIES INC	SBL	MRGN	4,450	12.0500	53,623	58	0.1082
TYCO INTERNATIONAL LTD	TYC	MRGN	11,300	53.5800	605,454	565	0.0933
TIME WARNER TELECOM INC CLASS A	TWTC	MRGN	6,000	30.7500	184,500
TIBCO SOFTWARE INC	TIBX	MRGN	14,000	9.8200	137,480
TALBOTS INC	TLB	MRGN	6,700	41.9900	281,333	2,144	0.7621
TENET HEALTHCARE CORP	THC	MRGN	9,250	54.6000	505,050
TEXAS INSTRUMENTS INC	TXN	MRGN	4,200	34.8500	146,370	357	0.2439
TRANSWITCH CORP	TXCC	MRGN	8,100	8.0900	65,529
THOMAS & BETTS CORP	TNB	MRGN	1,750	21.6400	37,870
UNITEDGLOBALCOM CL A	UCOMA	MRGN	35,650	6.2800	223,882
USA NETWORKS INC	USAI	MRGN	5,400	28.0200	151,308
UNITED RETAIL GROUP INC	URGI	MRGN	16,700	10.3900	173,513
UNVERSAL HEALTH SERVICES IN CL B	UHS	MRGN	6,400	48.5500	310,720

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS 027 07/28/01;11:43 001 EFTA00198266 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 8 of 18 ## Your Portfolio Holdings (continued) Equities & Options (continued)

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME
VITRIA TECHNOLOGY INC COM	VITR	MRGN	28,350	3.9600	112,266
VITESSE SEMICONDUCTOR CORP Total Equities& Options	VTSS	MRGN	5,250	19.3200	101,430
TOTAL EQUITIES					$14,630,025	$56,618
YOUR TOTAL ESTIMATED ANNUAL INCOME					$110,677
YOUR PRICED PORTFOLIO HOLDINGS					$18,161,631

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

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
07/02/01	06/27/01	SOLD	I-MANY INC EXECUTION BY INET COMMISSION 435,00 SEC FEE 7,80	IMNY	-14,500	16.11890		233,266.25
07/02/01	06/27/01	BOUGHT	MCDATA CORP CL A EXECUTION BY TWPT	MCDTA	1,600	19.38000	31,023.00
07/03/01	06/28/01	BOUGHT	DMC STRATEX NETWORKS INC EXECUTION BY FBCO	STXN	1,850	7.62000	14,112.00

027 07/28/01;11:43 001 EFTA00198267 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 9 of 18 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

MENTION DATE	DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
07/03/01	06/28/01	SOLD	I-MANY INC EXECUTION BY JPHO SEC FEE 1,98	IMNY	-4,000	14.80000		59,183.02
07/05/01	06/29/01	SOLD	AGERE SYS INC CL A EXECUTION BY COWN COMMISSION 476.00 SEC FEE 1,70	AGRA	-6,800	7.50000		50,507.30
07/05/01	06/29/01	BOUGHT	MCDATA CORP CL A EXECUTION BY TWPT	MCDTA	1,000	19.90000	19,915.00
07/05/01	06/29/01	SOLD	QUKSILVER INC EXECUTION BY BUCK COMMISSION 90,00 SEC FEE 1,24	ZQK	-1,500	24.68330		36,918.72
07/05/01	06/29/01	BOUGHT	SPECTRASITE HOLDINGS INC EXECUTION BY TWPT	SITE	9,000	6.51000	58,605.00
07/05/01	06/29/01	BOUGHT	TIMBERLAND CC-CLA EXECUTION BY BUCK COMMISSION 144,00	TBL	2,400	39.06950	93,925.80
07/06/01	07/02/01	SOLD	CHILDRENS PLACE RETAIL STORES INC EXECUTION BY FBCO SEC FEE 3,71 AS OF 07/02/01	PLCE	-4,150	26.78570		111,141.96
07/06/01	07/02/01	BOUGHT	AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY RSSF	AEOS	8,900	36.83660	327,860.74
07/06/01	07/02/01	SOLD	TOMMY HILFIGER CORP-ORD EXECUTION BY BUCK COMMISSION 354.00 SEC FEE 2,79	TOM	-5,900	14.16080		83,176.93
07/09/01	07/03/01	BOUGHT	AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY RSSF	AEOS	2,200	37.61750	82,773.50

027 07/28/01;11:43 001 EFTA00198268 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 10 of 18 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

IMMENT DATE	DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
07/09/01	07/03/01	BOUGHT	EDISON INTERNATIONAL EXECUTION BY BUCK COMMISSION 474,00	EIX	7,900	11.88750	94,400.25
07/09/01	07/03/01	SOLD	TALBOTS INC EXECUTION BY BUCK COMMISSION 96,00 SEC FEE 2,25	TLB	1,800	42.05920		67,181.47
07/10/01	07/05/01	BOUGHT	I-MANY INC EXECUTION BY COWN	IMNY	7,300	8.24420	60,197.66
07/11/01	07/06/01	BOUGHT	ALPHARMA INC-CL A EXECUTION BY COWN COMMISSION 91,00	ALO	1,300	24.00000	31,306.00
07/11/01	07/06/01	BOUGHT	EDISON INTERNATIONAL EXECUTION BY COWN COMMISSION 434,00	EIX	6,200	12.96000	80,801.00
07/11/01	07/06/01	SOLD	NAUTICA ENTERPRISES INC EXECUTION BY SBSH SEC FEE .64	NAUT	-1,000	19.10250		19,086.86
07/12/01	07/09/01	BOUGHT	COMCAST CORP-SPECIAL CL A EXECUTION BY MONT	CMCSK	4,500	38.19620	171,897.90
07/13/01	07/10/01	SOLD	AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY RSSF SEC FEE .13	AEOS	-100	37.42630		3,727.50
07/13/01	07/10/01	SOLD	AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY INCA COMMISSION 12,00 SEC FEE .50 AS OF 07/10/01	AEOS	-400	37.17700		14,843.30
07/16/01	07/11/01	SOLD	ABERCROMBIE & FITCH CO-CL A EXECUTION BY TUCK COMMISSION 714,00 SEC FEE 13,21	ANF	-10,200	38.83120		395,336.03

027 07/28/01;11:43 001 EFTA00198269 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 11 of 18 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

SEELEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
07/16/01	07/11/01	SOLD	ENZON INC EXECUTION BY COWN SEC FEE AS OF 07/11/01	ENZN	-1,600	54.21280		86,722.58
07/16/01	07/11/01	SOLD	INRANGE TECHNOLOGIES CORP CL B EXECUTION BY SBSH SEC FEE 3,41	INRG	-7,250	14.08580		102,103.64
07/16/01	07/11/01	SOLD	K MART CORP EXECUTION BY MSCO COMMISSION SEC FEE 1,18	KM	-3,400	10.40340		35,117.38
07/16/01	07/11/01	SOLD	MCKESSON HBOC INC COWN EXECUTION BY JPHQ COMMISSION SEC FEE 4,17	MCK	-3,400	36.74580		124,678.55
07/16/01	07/11/01	SOLD	MCDATA CORP CL A EXECUTION BY TWPT SEC FEE .54	MCDTA	-1,000	16.00000		15,984.46
07/16/01	07/11/01	BOUGHT	POLO RALPH LAUREN CORP-CL A SEE NOTE 'S' ON BACK EXECUTION BY BUCK COMMISSION 114.00	RL	1,900	24.58950	46,849.05
07/16/01	07/11/01	BOUGHT	QUIKSILVER INC EXECUTION BY BUCK COMMISSION 30.00	ZQK	500	21.75000	10,920.00
07/17/01	07/12/01	SOLD	BARR LABORATORIES INC EXECUTION BY BUCK COMMISSION 123.00 SEC FEE 4,82	BRL	-2,050	70.45920		144,298.54
07/17/01	07/12/01	BOUGHT	CARRYONE TURBINE CORP EXECUTION BY TWPT	CPST	1,050	19.13000	20,101.50

027 07/28/01;11:43 001 EFTA00198270 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 12 of 18 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

IMMEMENT DATE	DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
07/17/01	07/12/01	BOUGHT	CONVERGYS CORP EXECUTION BY PRUS COMMISSION 224,00	CVG	3,200	27.47150	88,147.80
07/17/01	07/12/01	BOUGHT	CUMMINS INC WITH RIGHTS TO PURCHASE COMMON STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY RSSF COMMISSION 175,00	CUM	2,500	41.34840	103,561.00
07/17/01	07/12/01	BOUGHT	HONEYWELL INTL INC SEE NOTE 'S' ON BACK EXECUTION BY TWPT COMMISSION 273,00	HON	3,900	35.98810	140,641.59
07/17/01	07/12/01	BOUGHT	INTERNET SEC SYS INC EXECUTION BY RSSF AS OF 07/12/01	ISSX	2,400	26.38710	63,344.04
07/17/01	07/12/01	BOUGHT	MCDATA CORP CL A EXECUTION BY TWPT	MCDTA	450	16.64000	7,503.00
07/17/01	07/12/01	BOUGHT	SYMBOL TECHNOLOGIES INC EXECUTION BY MLCO COMMISSION 311,50	SBL	4,450	19.15670	85,573.82
07/17/01	07/12/01	BOUGHT	TIBCO SOFTWARE INC EXECUTION BY COWN	TIBX	1,500	12.26000	18,405.00
07/17/01	07/12/01	BOUGHT	UNITEDGLOBALCOM CL A EXECUTION BY SBSH	UCOMA	12,900	6.31310	81,453.99
07/18/01	07/13/01	SOLD	TIMBERLAND CO-CLA EXECUTION BY BUCK COMMISSION 66,00 SEC FEE 1,50	TBL	-1,100	40.64560		44,627.66
07/19/01	07/16/01	SOLD	AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY RSSF SEC FEE 2,70	AEOS	-2,000	40.47290		80,928.10

027 07/28/01;11:43 001 EFTA00198271 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 18 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
07/19/01	07/16/01	SOLD	TIMBERLAND CO-CLA EXECUTION BY UBSW VS 2500 06-21-01, 2400 06-29-01 COMMISSION 343,00 SEC FEE 6,60	TBL	-4,900	40.35640		197,381.76
07/20/01	07/17/01	BOUGHT	APPLIED MICRO CIRCUITS CORP EXECUTION BY FBCO	AMCC	1,000	17.59000	17,605.00
07/20/01	07/17/01	BOUGHT	ANALOG DEVICES INC WITH RIGHTS TO PURCHASE COMMON STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY COWN COMMISSION 147,00	ADI	2,100	42.15500	88,687.50
07/20/01	07/17/01	BOUGHT	INTERNET SEC SYS INC EXECUTION BY RSSF	ISSX	1,050	22.72000	23,871.00
07/20/01	07/17/01	BOUGHT	NAVISTAR INTERNATIONAL CORP NEW SEE NOTE 'S' ON BACK EXECUTION BY JPHQ COMMISSION 140,00	NAV	2,000	32.49970	65,154.40
07/20/01	07/17/01	BOUGHT	TEXAS INSTRUMENTS INC SEE NOTE 'S' ON BACK EXECUTION BY COWN COMMISSION 185,50	TXN	2,650	31.73030	84,285.80
07/20/01	07/17/01	SOLD	TIMBERLAND CO-CLA EXECUTION BY UBSW COMMISSION 322,00 SEC FEE 6,10	TBL	-4,600	39.72110		182,373.96
07/20/01	07/17/01	BOUGHT	UNITEDGLOBALCOM CL A EXECUTION BY SBSH	UCOMA	2,800	5.22200	14,636.60
07/20/01	07/17/01	BOUGHT	VITESSE SEMICONDUCTOR CORP EXECUTION BY MONT	VTSS	4,060	17.86500	71,475.00

027 07/28/01;11:43 001 EFTA00198272 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 Meterotech Center North Brooklyn, New York 11201-3859 14 of 18 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

DEMENTION DATE	DATE OF TRANSACTION	TRANSACTION	DESCRIPTION	SYMBOL/CURSOR	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
07/23/01	07/18/01	SOLD	ADELPHIA COMMUNICATIONS CORP CL A EXECUTION BY JPHQ SEC FEE 4,90	ADLAC	-3,800	38.62700		146,762.70
07/23/01	07/18/01	SOLD	BARR LABORATORIES INC EXECUTION BY BUCK COMMISSION 72,00 SEC FEE 3,19	BRL	-1,200	79.55000		95,369.81
07/24/01	07/19/01	BOUGHT	ANALOG DEVICES INC WITH RIGHTS TO PURCHASE COMMON STR UNDER GERTAIN CIRCUMSTANCE EXECUTION BY COWN COMMISSION 126,00	ADI	1,800	42.25450	76,199.10
07/24/01	07/19/01	SOLD	BARR LABORATORIES INC EXECUTION BY BUCK COMMISSION 69,00 SEC FEE 3,09	BRL	-1,150	80.44930		92,429.61
07/24/01	07/19/01	BOUGHT	INTERNET SEC SYS INC EXECUTION BY FRCO	ISSX	1,400	23.54500	32,978.00
07/24/01	07/19/01	BOUGHT	MCDATA CORP CL A EXECUTION BY TWPT	MCDTA	3,600	17.10670	61,599.12
07/24/01	07/19/01	SOLD	NAUTICA ENTERPRISES INC EXECUTION BY MONT SEC FEE 4,45	NAUT	-8,150	16.34440		133,187.41
07/24/01	07/19/01	BOUGHT	PACIFIC SUNWEAR OF CALIFORNIA INC EXECUTION BY RSSF	PSUN	3,500	23.73190	83,076.65
07/24/01	07/19/01	SOLD	TALBOTS INC EXECUTION BY UBSW COMMISSION 126,00 SEC FEE 2,64	TLB	-1,800	43.93510		78,939.54
07/24/01	07/19/01	BOUGHT	TEXAS INSTRUMENTS INC SEE NOTE 'S' ON BACK EXECUTION BY COWN COMMISSION 108,50	TXN	1,550	32.50000	50,498.50

027 07/28/01;11:43 001 EFTA00198273 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 Mebrotech Center North Brooklyn, New York 11201-3859 15 of 18 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

MENTION DATE	DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
07/24/01	07/19/01	SOLD	TIMBERLAND CO-CLA EXECUTION BY UBSW COMMISSION 255,50 SEC FEE 4,28	TBL	-3,650	35.16460		128,076.01
07/24/01	07/19/01	BOUGHT	VITESSE SEMICONDUCTOR CORP EXECUTION BY RSSF	VTSS	1,250	18.46670	23,098.38
07/25/01	07/20/01	BOUGHT	OFFICE DEPT INC WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY FACT COMMISSION 553,00	ODP	7,900	11.54060	91,738.74
07/25/01	07/20/01	SOLD	SOLUTIA INC EXECUTION BY FBCO COMMISSION 77,00 SEC FEE 53	SOI	-1,100	14.18540		15,511.41
07/27/01	07/24/01	BOUGHT	COOPER INDUSTRIES INC WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY MLCO COMMISSION 35,00	CBE	500	39.76400	19,932.00
07/27/01	07/24/01	BOUGHT	HONEYWELL INTL INC SEE NOTE 'S' ON BACK EXECUTION BY DAIN COMMISSION 70,00	HON	1,000	36.96000	37,045.00
07/27/01	07/24/01	SOLD	MCKESSON HBOC INC COM EXECUTION BY JPHQ COMMISSION 196,00 SEC FEE 3,48	MCK	-2,800	37.21180		103,978.56
07/27/01	07/24/01	SOLD	TALEBOTS INC EXECUTION BY TUCK COMMISSION 56,00 SEC FEE 1,15	TLB	-800	43.02090		34,344.57
TOTAL							$-2,575,199.43	$2,917,185.59

027 07/28/01;11:43 001 EFTA00198274 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 16 of 18 Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) DEPOSITS AND WITHDRAWALS STATEMENT PERIOD June 30, 2001 THROUGH July 27, 2001

DATE	TRANSACTION	DESCRIPTION	DEBIT AMOUNT	CREDIT AMOUNT
07/17/01	CHECK	CK #MT338354 FEES FR 7/1/01-9/30/01 BUCKINGHAM CAPITAL	23,490.77
TOTAL			-23,490.77

## MONEY FUND ACTIVITY

DATE MO/DAY	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	DEBIT AMOUNT	CREDIT AMOUNT
06/30/01		OPENINGBALANCE		1,633,186.73
07/23/01	DIVIDEND	THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO MONTHLY DIVIDEND	GTDXX			4,973.36
07/23/01	REINVEST	THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO MONTHLY DIVIDEND REINVESTED	GTDXX	4,973.36	4,973.36
07/27/01		CLOSINGBALANCE		1,638,160.09
TOTAL					-4,973.36	$4,973.36

## DIVIDENDS

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	DEBIT AMOUNT	CREDIT AMOUNT
07/02/01	GOODRICH CORPORATION (FRM B F GOODRICH CO) REC 06/04/01 PAY 07/02/01	GR	11,100	0.2750		3,052.50
07/02/01	ITT INDUSTRIES INC REC 05/25/01 PAY 07/01/01	ITT	8,200	0.1500		1,230.00

027 07/28/01;11:43 001 EFTA00198275 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 17 of 18 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD June 30, 2001 DIVIDENDS (continued) THROUGH July 27, 2001 | LAST STATEMENT | June 29, 2001 | | :--- | :--- |

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	CREDIT AMOUNT
07/02/01	MCKESSON HBOC INC COM REC 06/04/01 PAY 07/02/01	MCK	12,000	0.0600	720.00
07/02/01	THOMAS & BETTS CORP REC 06/15/01 PAY 07/02/01	TNB	1,750	0.2800	490.00
07/27/01	ALPHARMA INC-CL A REC 07/13/01 PAY 07/27/01	ALO	13,800	0.0450	621.00
TOTAL					$6,113.50

INTEREST

DATE	DESCRIPTION			SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUN
07/23/01	INT CR		JUL 01					4,174.43
TOTAL								$4,174.43

## MISCELLANEOUS

DATE MO/DAY	TRANSACTION	DESCRIPTION	DEBIT AMOUNT	CREDIT AMOUNT
07/09/01	JOURNAL	06/01 CLR CHG	25	35.00
07/25/01	JOURNAL	TO: TDL/-USD * JRL *	313,677.09
07/25/01	JOURNAL	FROM: TDL/-USD * JRL *		313,677.09
TOTAL			-$313,712.09	$313,677.09

027 07/28/01;11:43 001 EFTA00198276 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 18 of 18 INSTITUTIONAL INTERESTS ## Trades Executed Pending Settlement

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
07/30/01	07/25/01	SOLD	BRAUN CONSULTING INC	BRNC	-11,000.00	6.8280		75,090.49
07/30/01	07/25/01	SOLD	ENZON INC	ENZN	-1,500.00	54.1154		81,155.39
07/30/01	07/25/01	SOLD	ITT INDUSTRIES INC	ITT	-2,600.00	43.4514		112,772.87
07/30/01	07/25/01	SOLD	LIZ CLAIBORNE INC	LIZ	-628.00	53.4021		33,482.72
07/30/01	07/25/01	SOLD	MCKESSON HBOC INC COM	MCK	-2,800.00	38.5436		107,707.48
07/30/01	07/25/01	SOLD	SOLUTIA INC	SOI	-4,800.00	13.6084		64,967.14
07/30/01	07/25/01	SOLD	USA NETWORKS INC	USAI	-5,400.00	25.3962		137,119.90
07/31/01	07/26/01	BOUGHT	I-MANY INC	IMNY	6,650.00	6.1550	40,945.75
08/01/01	07/27/01	SOLD	LIZ CLAIBORNE INC	LIZ	-500.00	52.7145		26,306.37
08/01/01	07/27/01	BOUGHT	POLO RALPH LAUREN CORP-CL A	RL	4,000.00	23.9067	95,921.80
08/01/01	07/27/01	SOLD	TALBOTS INC	TLB	-700.00	41.8782		29,256.76
TOTAL							$136,867.55	$667,859.12

The above trades do not appear in any other section of this statement. ******* End of Statement******* 027 07/28/01;11:43 001