EFTA00198415 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY

Financial Summary	3
Your Portfolio Holdings	4
Transaction Detail	4
Fund Activity	17

## What’s In This Statement # INSTITUTIONAL INTERESTS C/O FINANCIAL TRUST COMPANY ATTN JEANNE BRENNAN 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 There are no "Stop Loss" orders or other pending buy or sell open orders on file for your account. | STATEMENT PERIOD | June 29, 2002 | | :--- | :--- | | THROUGH | July 26, 2002 | ACCOUNT NUMBER ## Your Portfolio at a Glance

NET CREDIT BALANCE	1,180
NET EQUITY THIS PERIOD	$1,180
NET EQUITY LAST STATEMENT	16,204,798
CHANGE SINCE LAST STATEMENT	-16,203,618

| LAST STATEMENT | June 28, 2002 | | :--- | :--- | TAXPAYER NUMBER On File Market Value of Your Portfolio 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 07/27/02:19:19 001 V565 EFTA00198416 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY 2 of 20 Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS STATEMENT BACKER IS PRINTED ON THIS PAGE 027 EFTA00198417 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 3 of 20 Cash Flow Analysis

	THIS PERIOD
OpeningBalance	$64,730.02
Securities Sold	1,757,067.20
Money Fund	5,478,268.35
Dividends/Interest	3,421.83
Miscellaneous	5,843,311.04
Amount Credited	$13,082,068.42
Securities Bought	-296,181.73
Money Fund	-489,000.00
Dividends/Interest Charged	-14.94
Miscellaneous	-12,360,422.00
Amount Debited	$-13,145,618.67
Net Cash Activity	-63,550.25
Closing Balance	$1,179.77

Cash Balance Summary

	OPENING	CLOSING
Cash	58,505.17	493.88
Margin	6,224.85	685.89
Net Cash Balance	$64,730.02	$1,179.77

Income Summary

	THIS PERIOD	YEAR TO DATE
Dividends	6,236.58	46,662.92
Credit Balance Int.	700.83	6,925.68
Total	$6,937.41	$53,588.60
Foreign Tax Withheld	0.00	-124.31
Margin Int. Paid	-14.94	-14.94

Portfolio Composition

Cash/Cash Equivalent	1,180
Total	$1,180

Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS

STATEMENT PERIOD	June 29, 2002
THROUGH	July 26, 2002
ACCOUNT NUMBER
TAXPAYER NUMBER	On File
LAST STATEMENT	June 28, 2002

Unshaded portions denote debit balance and/or short market values. The allocation percentage is derived from the absolute market value of your portfolio. EFTA00198418 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 4 of 20 ## Your Portfolio Holdings CASH & CASH EQUIVALENTS

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
CASH BALANCE				1,180
TOTAL CASH & CASH EQUIVALENTS				$1,180

CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY

YOUR PRICED PORTFOLIOHOLDINGS	$1,179

Bear, Steams Securities Corp. One Meterotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD June 29, 2002 ## INVESTMENT ACTIVITY THROUGH July 26, 2002 Transaction Detail ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | June 28, 2002 | | :--- | :--- |

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
07/01/02	06/26/02	SOLD	COSTCO WHOLESALE CORP-NEW EXECUTION BY OPCO VS 400 12-13-01, 1250 04-23-02 , 500 03-01-02, 250 03-05-02 COMMISSION 120,00 SEC FEE 2,67 AS OF 06/26/02	COST	-2,400	36.95540		88,555.29
07/01/02	06/26/02	SOLD	CITIZENS COMMUNICATIONS CO EXECUTION BY MONT VS 1000 05-02-01, 5200 06-13-01 COMMISSION 372,00 SEC FEE 1,56 AS OF 06/26/02	CZN	-6,200	8.32330		51,215.90

027 07/27/02;19:19 001 V565 EFTA00198419 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 20 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD June 29, 2002 ## INVESTMENT ACTIVITY (continued) THROUGH July 26, 2002 ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | June 28, 2002 | | :--- | :--- |

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	CREDIT AMOUNT
07/01/02	06/26/02	SOLD	CABOT CORP WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY NEED VS 1400 05-17-02 COMMISSION 98,00 SEC FEE 1,14	CBT	-1,400	27.03870	37,740.04
07/01/02	06/26/02	SOLD	DMC STRATEX NETWORKS INC EXECUTION BY SLKC VS 750 10-17-01, 4900 04-18-01 COMMISSION 169,50 SEC FEE ,38 AS OF 06/26/02	STXN	-5,650	2.18480	12,159.24
07/01/02	06/26/02	SOLD	EDISON INTERNATIONAL EXECUTION BY RSSF VS 2600 04-16-02 COMMISSION 182,00 SEC FEE 1,35 AS OF 06/26/02	EIX	-2,600	17.15570	44,406.47
07/01/02	06/26/02	SOLD	EXPEDITORS INTERNATIONAL OF WASHINGTON INC EXECUTION BY SBSH VS 2100 03-07-02 COMMISSION 105,00 SEC FEE 1,98 AS OF 06/26/02	EXPD	-2,100	31.31110	65,631.33
07/01/02	06/26/02	SOLD	FOX ENTERTAINMENT GROUP INC CLA EXECUTION BY MSCO VS 1800 11-13-01 COMMISSION 126,00 SEC FEE 1,14 AS OF 06/26/02	FCX	-1,800	20.86810	37,420.44

027 07/27/02;19:19 001 EFTA00198420 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 Mebrotech Center North Brooklyn, New York 11201-3859 6 of 20 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD June 29, 2002 THROUGH July 26, 2002 ## INVESTMENT ACTIVITY (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | June 28, 2002 | | :--- | :--- |

EMENT DATE	ISSUE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
07/01/02	06/26/02	SOLD	HCA INC (FRM HCA-HEALTHCARE COMPANY) EXECUTION BY RSSF VS 1000 10-24-01, 1800 01-19-01 COMMISSION 196,00 SEC FEE 4,00	HCA	-2,800	47.40300		132,513.40
07/01/02	06/26/02	SOLD	KOPLS CORP EXECUTION BY BUCK VS 100 03-06-02, 700 11-06-01 COMMISSION 48,00 SEC FEE 1,61 AS OF 06/26/02	KSS	-800	66.71530		53,307.63
07/01/02	06/26/02	SOLD	LIBERTY MEDIA CORP SER A NEW EXECUTION BY MSCO VS 2500 09-29-00, 1000 01-04-01 COMMISSION 210,00 SEC FEE ,92	L	-3,500	8.67500		30,136.58
07/01/02	06/26/02	SOLD	LZ COMBORNE INC EXECUTION BY BUCK VS 2700 04-08-02 COMMISSION 162,00 SEC FEE 2,51 AS OF 06/26/02	LIZ	-2,700	30.79900		82,977.79
07/01/02	06/26/02	SOLD	TALBOTS INC EXECUTION BY JPHQ VS 600 04-23-02 COMMISSION 42,00 SEC FEE ,62 AS OF 06/26/02	TLB	-600	34.21550		20,471.68
07/02/02	06/27/02	BOUGHT	ABBOTT LABORATORIES SEE NOTE 'S' ON BACK EXECUTION BY LEHM VS 2700 06-27-02 COMMISSION 189.00	ABT	2,700	38.80720	104,983.44

027 07/27/02;19:19 001 EFTA00198421 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 7 of 20 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD June 29, 2002 THROUGH July 26, 2002 ## INVESTMENT ACTIVITY (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | June 28, 2002 | | :--- | :--- |

IMMEMENT DATE	DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
07/02/02	06/27/02	BOUGHT	CYTYC CORP EXECUTION BY ADAM VS 6800 06-27-02 COMMISSION 340,00	CYTC	6,800	7.23780	49,572.04
07/02/02	06/27/02	SOLD	CALPINE CORP EXECUTION BY SIMM VS 3900 04-24-02, 1500 04-24-02 COMMISSION 324,00 SEC FEE ,92	CPN	-5,400	5.62500		30,035.08
07/02/02	06/27/02	SOLD	GENDANT CORP EXECUTION BY MSCO VS 2000 05-17-02, 1650 11-13-01, 3050 11-12-01 COMMISSION 469,00 SEC FEE 3,05	CD	-6,700	15.10370		100,707.74
07/02/02	06/27/02	SOLD	CITIZENS COMMUNICATIONS CO EXECUTION BY MONT VS 4200 06-13-01 COMMISSION 252,00 SEC FEE 1,06	CZN	-4,200	8.35360		34,817.06
07/02/02	06/27/02	SOLD	CONTINENTAL AIRLINES INC-CL B EXECUTION BY MLCO VS 1700 03-25-02, 250 12-26-01, 550 12-24-01 COMMISSION 175,00 SEC FEE 1,11	CAL	-2,500	14.68460		36,520.39
07/02/02	06/27/02	SOLD	EMMIS COMMUNICATIONS CORP-CL A EXECUTION BY FCAP VS 1100 12-26-01 COMMISSION 55,00 SEC FEE ,60	EMMS	-1,100	17.86000		19,575.40
07/02/02	06/27/02	SOLD	FOX ENTERTAINMENT GROUP INC CL A EXECUTION BY MLCO VS 1000 11-13-01, 900 11-07-01 COMMISSION 133,00 SEC FEE 1,13	FOX	-1,900	19.71470		37,308.80

027 07/27/02;19:19 001 V565 EFTA00198422 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 8 of 20 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD June 29, 2002 THROUGH July 26, 2002 ## INVESTMENT ACTIVITY (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | June 28, 2002 | | :--- | :--- |

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
07/02/02	06/27/02	SOLD	LIBERTY MEDIA CORP SER A NEW EXECUTION BY TWPT VS 2600 01-04-01, 700 02-23-01 COMMISSION 198,00 SEC FEE 80	L	-3,300	8.01120		26,223.16
07/02/02	06/27/02	BOUGHT	OMNICARE INC EXECUTION BY COWN VS 5500 06-27-02 COMMISSION 385,00	OCR	5,500	25.67750	141,626.25
07/02/02	06/27/02	SOLD	SINCLAIR BROADCAST GROUP INC CL A EXECUTION BY SBSH VS 3000 01-08-02, 200 01-04-02 COMMISSION 160,00 SEC FEE 1,26	SBGI	-3,200	13.03450		41,534.14
07/02/02	06/27/02	SOLD	YOUNG BROADCASTING INC-CL A EXECUTION BY JPHQ VS 1600 05-14-02, 1000 05-31-02 COMMISSION 130,00 SEC FEE 1,38	YBTVA	-2,600	17.56900		45,533.02
07/05/02	07/01/02	SOLD	COOPER INDUSTRIES LTD CL A EXECUTION BY TWPT VS 1000 05-22-02, 1200 05-22-02 2,1100 05-22-02 COMMISSION 231,00 SEC FEE 3,87	CBE	-3,300	38.92560		128,207.61
07/05/02	07/01/02	SOLD	CISCO SYSTEMS INC EXECUTION BY MONT VS 2700 03-28-02 COMMISSION 135,00 SEC FEE 1,13 AS OF 07/01/02	CSCO	-2,700	13.88920		37,352.71

027 07/27/02;19:19 001 EFTA00198423 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 9 of 20 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD June 29, 2002 ## INVESTMENT ACTIVITY (continued) THROUGH July 26, 2002 ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | June 28, 2002 | | :--- | :--- |

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	CREDIT AMOUNT
07/05/02	07/01/02	SOLD	MYKROLIIS CORP EXECUTION BY MONT VS 2600 03-06-02, 300 03-04-02 COMMISSION 203,00 SEC FEE 1,03 AS OF 07/01/02	MYK	-2,900	11.72000	33,771.97
07/08/02	07/02/02	SOLD	ABBOTT LABORATORIES SEE NOTE 'S' ON BACK EXECUTION BY MLCO VS 1400 06-27-02 COMMISSION 98,00 SEC FEE 1,58 AS OF 07/02/02	ABT	-1,400	37.37400	52,212.02
07/08/02	07/02/02	SOLD	CISCO SYSTEMS INC AVG PRICE: DETAILS ON REQUEST	CSCO	-2,500	12.71500	31,661.54
07/08/02	07/02/02	SOLD	MYKROLIIS CORP EXECUTION BY MONT VS 1300 03-04-02 COMMISSION 91,00 SEC FEE ,46 AS OF 07/02/02	MYK	-1,300	11.65000	15,041.54
07/08/02	07/02/02	SOLD	VISHAY INTERTECHNOLOGY INC SEE NOTE 'S' ON BACK EXECUTION BY OPCO VS 400 11-27-01, 1600 12-04-01 ,700 12-21-01 COMMISSION 189,00 SEC FEE 1,64	VSH	-2,700	20.07460	53,998.78
07/10/02	07/05/02	SOLD	FOX ENTERTAINMENT GROUP INC CL A EXECUTION BY MSCO VS 600 11-07-01 COMMISSION 42,00 SEC FEE ,39 AS OF 07/05/02	FCX	-600	21.19390	12,661.95

027 07/27/02;19:19 001 EFTA00198424 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 Meterotech Center North Brooklyn, New York 11201-3859 10 of 20 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD June 29, 2002 ## INVESTMENT ACTIVITY (continued) THROUGH July 26, 2002 ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | June 28, 2002 | | :--- | :--- |

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	CREDIT AMOUNT
07/10/02	07/05/02	SOLD	LIBERTY MEDIA CORP SER A NEW EXECUTION BY MSCO VS 1800 02-23-01 COMMISSION 108,00 SEC FEE ,50 AS OF 07/05/02	L	-1,800	9.15000	16,349.54
07/10/02	07/05/02	SOLD	SINCLAIR BROADCAST GROUP INC CL A EXECUTION BY JPHQ VS 400 01-04-02, 3600 12-26-01 COMMISSION 200,00 SEC FEE 1,60 AS OF 07/05/02	SBGI	-4,000	13.27330	52,879.66
07/10/02		JOURNAL	ABERCROMBIE & FITCH CO-CLA TO: * JRL *	ANF	-3,200
07/10/02		JOURNAL	AMERICAN EAGLE OUTFITTERS INC NEW TO: * JRL *	AEOS	-4,500
07/10/02		JOURNAL	ABBOTT LABORATORIES TO: * JRL *	ABT	-1,300
07/10/02		JOURNAL	ANALOG DEVICES INC TO: * JRL *	ADI	-1,300
07/10/02		JOURNAL	BEA SYSTEMS INC TO: * JRL *	BEAS	-4,300
07/10/02		JOURNAL	BEVERLY ENTERPRISES INC NEW TO: * JRL *	BEV	-41,700
07/10/02		JOURNAL	C R BARD INC TO: * JRL *	BCR	-1,700

027 07/27/02;19:19 001 EFTA00198425 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 Mebrotech Center North Brooklyn, New York 11201-3859 11 of 20 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD June 29, 2002 ## INVESTMENT ACTIVITY (continued) THROUGH July 26, 2002 AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | June 28, 2002 | | :--- | :--- |

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY
07/10/02	JOURNAL	JOURNAL	CYTC CORP TO: * JRL *	CYTC	-14,100
07/10/02	JOURNAL	JOURNAL	CALPINE CORP TO: * JRL *	CPN	-16,000
07/10/02	JOURNAL	JOURNAL	COSTCO WHOLESALE CORP-NEW TO: * JRL *	COST	-1,950
07/10/02	JOURNAL	JOURNAL	CITIZENS COMMUNICATIONS CO TO: * JRL *	CZN	-20,600
07/10/02	JOURNAL	JOURNAL	CSX CORP TO: * JRL *	CSX	-2,700
07/10/02	JOURNAL	JOURNAL	CABOT CORP TO: * JRL *	CBT	-4,000
07/10/02	JOURNAL	JOURNAL	KENNETH COLE PRODUCTIONS INC CL A TO: * JRL *	KCP	-7,500
07/10/02	JOURNAL	JOURNAL	CISCO SYSTEMS INC TO: * JRL *	CSCO	-2,400
07/10/02	JOURNAL	JOURNAL	CONTINENTAL AIRLINES INC-CL B TO: * JRL *	CAL	-3,350
07/10/02	JOURNAL	JOURNAL	DOW CHEMICAL CO TO: * JRL *	DOW	-9,400
07/10/02	JOURNAL	JOURNAL	EDISON INTERNATIONAL TO: * JRL *	EIX	-14,650

027 07/27/02;19:19 001 EFTA00198426 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 Mebrotech Center North Brooklyn, New York 11201-3859 12 of 20 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD June 29, 2002 ## INVESTMENT ACTIVITY (continued) THROUGH July 26, 2002 ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | June 28, 2002 | | :--- | :--- |

DEMENTMENT DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY
07/10/02	JOURNAL	EMMIS COMMUNICATIONS CORP-CL A TO: * JRL *	EMMS	-4,750
07/10/02	JOURNAL	EXPEDITORS' INTERNATIONAL OF WASHINGTON INC TO: * JRL *	EXPD	-3,900
07/10/02	JOURNAL	FOX ENTERTAINMENT GROUP INC CL A TO: * JRL *	FOX	-10,300
07/10/02	JOURNAL	FEDEX CORP TO: * JRL *	FDX	-3,900
07/10/02	JOURNAL	FOOT LOCKER INC TO: * JRL *	Z	-11,650
07/10/02	JOURNAL	FEDERATED DEPARTMENT STORES INC-DEL TO: * JRL *	FD	-6,200
07/10/02	JOURNAL	FLEXTRONICS INTERNATIONAL LTD TO: * JRL *	FLEX	-6,300
07/10/02	JOURNAL	IONA TECHNOLOGIES PLC SPONSORED ADR TO: * JRL *	IONA	-11,800
07/10/02	JOURNAL	HONEYWELL INTL INC TO: * JRL *	HON	-4,150
07/10/02	JOURNAL	I-MANY INC TO: * JRL *	IMNY	-52,750

027 07/27/02;19:19 001 EFTA00198427 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 Mebrotech Center North Brooklyn, New York 11201-3859 13 of 20 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD June 29, 2002 THROUGH July 26, 2002 ## INVESTMENT ACTIVITY (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | June 28, 2002 | | :--- | :--- |

MENTION DATE	PERSONAL DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY
07/10/02	JOURNAL	JOURNAL	HCA INC (FRM HCA-HEALTHCARE COMPANY) TO: * JRL *	HCA	-8,200
07/10/02	JOURNAL	JOURNAL	JONES APPAREL GROUP INC TO: * JRL *	JNY	-11,200
07/10/02	JOURNAL	JOURNAL	KOHLS CORP TO: * JRL *	KSS	-2,400
07/10/02	JOURNAL	JOURNAL	LIBERTY MEDIA CORP SER A NEW TO: * JRL *	L	-16,600
07/10/02	JOURNAL	JOURNAL	LIZ CLAIBORNE INC TO: * JRL *	LIZ	-7,700
07/10/02	JOURNAL	JOURNAL	MILLENNIUM CHEMICALS INC TO: * JRL *	MCH	-8,600
07/10/02	JOURNAL	JOURNAL	MYKROLIS CORP TO: * JRL *	MYK	-5,100
07/10/02	JOURNAL	JOURNAL	NOVA CHEMICALS CORP TO: * JRL *	NCX	-4,500
07/10/02	JOURNAL	JOURNAL	NORTHWEST AIRLINES CORP TO: * JRL *	NWAC	-2,500
07/10/02	JOURNAL	JOURNAL	NORFOLK SOUTHERN CORP TO: * JRL *	NSC	-8,450
07/10/02	JOURNAL	JOURNAL	POLO RALPH LAUREN CORP-CL A TO: * JRL *	RL	-6,407

027 07/27/02;19:19 001 EFTA00198428 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 Mebrotech Center North Brooklyn, New York 11201-3859 14 of 20 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD June 29, 2002 ## INVESTMENT ACTIVITY (continued) THROUGH July 26, 2002 AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | June 28, 2002 | | :--- | :--- | 027 07/27/02;19:19 001 EFTA00198429 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 15 of 20 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD June 29, 2002 ## INVESTMENT ACTIVITY (continued) THROUGH July 26, 2002 AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | June 28, 2002 | | :--- | :--- | 027 07/27/02;19:19 001 EFTA00198430 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 Mebrotech Center North Brooklyn, New York 11201-3859 16 of 20 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD June 29, 2002 ## INVESTMENT ACTIVITY (continued) THROUGH July 26, 2002 ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | June 28, 2002 | | :--- | :--- |

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	CREDIT AMOUNT
07/11/02	07/08/02	SOLD	STAGE STORES INC NEW EXECUTION BY NITE VS 1000 12-26-01 COMMISSION 50,00 SEC FEE 1,01 AS OF 07/08/02	STGS	-1,000	33.50440	33,441.39
07/12/02	07/09/02	SOLD	BEA SYSTEMS INC EXECUTION BY SBSH VS 3900 11-07-01 COMMISSION 195,00 SEC FEE .96	BEAS	-3,900	8.11000	31,421.04
07/12/02	07/09/02	SOLD	CENDANT CORP EXECUTION BY TWPT VS 250 11-12-01, 6500 10-03-01 COMMISSION 472,50 SEC FEE 3,06	CD	-6,750	15.02530	100,933.22
07/12/02	07/09/02	SOLD	CONTINENTAL AIRLINES INC-CL B EXECUTION BY MLCO VS 1550 12-24-01, 150 12-18-01 COMMISSION 119,00 SEC FEE .75	CAL	-1,700	14.57480	24,645.41
07/12/02	07/09/02	SOLD	EMMIS COMMUNICATIONS CORP-CL A EXECUTION BY MONT VS 1300 12-26-01, 500 12-18-01 COMMISSION 90,00 SEC FEE 1,12	EMMS	-1,800	20.57740	36,936.20
07/12/02	07/09/02	SOLD	FLEXTRONICS INTERNATIONAL LTD EXECUTION BY COWN VS 800 03-05-02 COMMISSION 40,00 SEC FEE .19	FLEX	-800	7.61280	6,038.05

027 07/27/02;19:19 001 EFTA00198431 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 20 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD June 29, 2002 ## INVESTMENT ACTIVITY (continued) THROUGH July 26, 2002 TAXPAYER NUMBER On File | LAST STATEMENT | June 28, 2002 | | :--- | :--- |

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	CREDIT AMOUNT
07/12/02	07/09/02	SOLD	IONA TECHNOLOGIES PLC SPONSORED ADR EXECUTION BY FBCO VS 1300 01-23-02, 1700 02-07-02 COMMISSION 90,00 SEC FEE .27	IONA	-3,000	2.93500	8,702.73
07/12/02	07/09/02	SOLD	I-MANY INC EXECUTION BY INET VS 4900 12-08-00 COMMISSION 147,00 SEC FEE .36	IMNY	-4,900	2.41570	11,677.57
07/12/02	07/09/02	SOLD	SYMBOL TECHNOLOGIES INC AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	SBL	-5,400	7.53130	40,343.79
07/25/02		JOURNAL	WTS AMERICAN BANK NOTE HOLOGRAPHICS DUE 06/18/03 EXP 06/18/2003 TO: * JRL *	024377111	-2,151

TOTAL ## MONEY FUND ACTIVITY

DATE MO/DAY	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
06/29/02		OPENINGBALANCE		4,985,787.77
07/01/02	SOLD	THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO	GTDXX	-10,000	1.0000		10,000.00
07/02/02	BOUGHT	THE TREASURES FUND INC DOMESTIC PRIME M/M PORTFOLIO	GTDXX	215,000	1.0000	215,000.00

027 07/27/02;19:19 001 EFTA00198432 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 20 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD June 29, 2002 THROUGH July 26, 2002 ## MONEY FUND ACTIVITY (continued) AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | June 28, 2002 | | :--- | :--- |

MONDAY	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
07/03/02	BOUGHT	THE TREASURERS' FUND INC DOMESTIC PRIME M/M PORTFOLIO	GTDXX	175,000	1.0000	175,000.00
07/08/02	BOUGHT	THE TREASURERS' FUND INC DOMESTIC PRIME M/M PORTFOLIO	GTDXX	60,000	1.0000	60,000.00
07/09/02	BOUGHT	THE TREASURERS' FUND INC DOMESTIC PRIME M/M PORTFOLIO	GTDXX	39,000	1.0000	39,000.00
07/10/02	SOLD	THE TREASURERS' FUND INC DOMESTIC PRIME M/M PORTFOLIO	GTDXX	-5,425,787.77	1.0000		5,425,787.77
07/11/02	SOLD	THE TREASURERS' FUND INC DOMESTIC PRIME M/M PORTFOLIO	GTDXX	-39,000	1.0000		38,965.00
07/11/02	DIVIDEND	THE TREASURERS' FUND INC DOMESTIC PRIME M/M PORTFOLIO DIVIDEND CLOSEOUT	GTDXX				3,021.70
07/11/02	FUND	THE TREASURERS' FUND INC DOMESTIC PRIME M/M PORTFOLIO FROM TYPE 2	GTDXX	6,336.96
07/11/02	FUND	THE TREASURERS' FUND INC DOMESTIC PRIME M/M PORTFOLIO TO TYPE 1	GTDXX	-6,336.96
07/12/02	DIVIDEND	THE TREASURERS' FUND INC DOMESTIC PRIME M/M PORTFOLIO DIVIDEND CLOSEOUT	GTDXX				493.88
07/12/02	FUND	THE TREASURERS' FUND INC DOMESTIC PRIME M/M PORTFOLIO ADJUST POSITION	GTDXX
07/26/02		CLOSINGBALANCE		0.00
TOTAL						-489,000.00	$5,478,268.35

027 07/27/02;19:19 001 V565 EFTA00198433 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 20 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD June 29, 2002 ## DIVIDENDS THROUGH July 26, 2002 ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | June 28, 2002 | | :--- | :--- |

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	CREDIT AMOUNT
07/01/02	COOPER INDUSTRIES INC REC 05/15/02 PAY 07/01/02		3,500	0.3500	1,225.00
07/01/02	IMC GLOBAL INC REC 06/14/02 PAY 06/30/02	IGL	7,000	0.0200	140.00
07/01/02	MILLENNIUM CHEMICALS INC REC 06/12/02 PAY 06/30/02	MCH	8,600	0.1350	1,161.00
07/08/02	FEDEX CORP REC 06/17/02 PAY 07/08/02	FDX	3,900	0.0500	195.00
TOTAL					$2,721.00

INTEREST

DATE	DESCRIPTION	SYMBOL/CUSIP	DEBIT AMOUNT	CREDIT AMOUNT
07/22/02	INT CR	JUL 02		700.83
07/22/02	INT DB	JUL 02	14.94
TOTAL			-14.94	$700.83

## MISCELLANEOUS

DATE MO/DAY	TRANSACTION	DESCRIPTION	DEBIT AMOUNT
07/10/02	JOURNAL	TO: * JRL *	667,081.19
07/12/02	JOURNAL	TO: * JRL *	6,224.85
07/12/02	JOURNAL	TO: * JRL *	5,843,804.92

027 07/27/02;19:19 001 EFTA00198434 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 20 of 20 ## **Transaction Detail** (continued) ## MISCELLANEOUS (continued)

DATE MO/DAY	TRANSACTION	DESCRIPTION	DEBIT AMOUNT	CREDIT AMOUNT
07/15/02	JOURNAL	TO: * JRL *	5,843,311.04
07/15/02	JOURNAL	FROM: * JRL *		5,843,311.04
TOTAL			-12,360,422.00	$5,843,311.04

******* End of Statement******* CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY Bear, Steams Securities Corp. One Metratech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD June 29, 2002 THROUGH July 26, 2002 ACCOUNT NUMBER TAXPAYER NUMBER On File 027 | LAST STATEMENT | June 28, 2002 | | :--- | :--- | 07/27/02;19:19 001 V565