EFTA00198457 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	8
Fund Activity	21
Trades Not Yet Settled	23

## 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 There are no "Stop Loss" orders or other pending buy or sell open orders on file for your account. Your Portfolio at a Glance | LAST STATEMENT | April 26, 2002 | | :--- | :--- | *This portfolio includes one or more unpriced securities that are not reflected in the Total Value of Securities and the Net Equity This Period. INSTITUTIONAL INTERESTS

TOTAL VALUE OF SECURITIES THIS PERIOD*	13,094,189
NET CREDIT BALANCE	945,551
MONEY MARKET FUND BALANCE	3,239,168
NET EQUITY THIS PERIOD	$17,278,908
NET EQUITY LAST STATEMENT	17,627,084
CHANGE SINCE LAST STATEMENT	-348,176

STATEMENT PERIOD April 27, 2002 ACCOUNT NUMBER TAXPAYER NUMBER THROUGH May 31, 2002 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 06/01/02:17:25 001 V559 EFTA00198458 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY 2 of 24 Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS STATEMENT BACKER IS PRINTED ON THIS PAGE 027 EFTA00198459 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 3 of 24 Cash Flow Analysis

	THIS PERIOD
OpeningBalance	$843,946.28
Securities Sold	2,156,104.20
Money Fund	904,164.60
Dividends/Interest	2,611.77
Amount Credited	$3,062,880.57
Securities Bought	-2,334,459.07
Money Fund	-604,164.60
Funds Withdrawn	-22,608.67
Miscellaneous	-43.28
Amount Debited	$-2,961,275.62
Net Cash Activity	101,604.95
Closing Balance	$945,551.23

Cash Balance Summary

	OPENING	CLOSING
Cash	839,663.46	940,365.44
Margin	4,282.82	5,185.79
Net Cash Balance	$843,946.28	$945,551.23

Income Summary

	THIS PERIOD	YEAR TO DATE
Dividends	5,873.40	30,065.63
Credit Balance Int.	902.97	5,185.79
Total	$6,776.37	$35,251.42
Foreign Tax Withheld	-43.28	-124.31

Portfolio Composition

Cash/Cash Equivalent	4,184,719
Equities	13,094,189
Total	$17,278,908

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 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. EFTA00198460 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 4 of 24 ## Your Portfolio Holdings CASH & CASH EQUIVALENTS

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
CASH BALANCE				945,551
THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO	GTDXX	3,233,624.77	1.0000	3,233,625	48,504	1.5000
THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO	GTDXX	5,543.17	1.0000	5,543	83	1.4974
TOTAL CASH & CASH EQUIVALENTS				$4,184,719	$48,587

## EQUITIES ## Equities & Options

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
ABERCROMBIE & FITCH CO-CLA	ANF	CASH	3,200	29.0000	92,800
AMERICAN BANK NOTE HOLOGRAPHICS INC	ABHH	CASH	3,635	1.8300	6,652
WTS AMERICAN BANK NOTE HOLOGRAPHICS EXP 05/18/2002	024377111	CASH	2,151	Unpriced
ADELPHIA COMMUNICATIONS CORP CL A	ADLAE	CASH	70,154	0.7000	49,108
ANALOG DEVICES INC	ADI	CASH	2,400	36.6200	87,888
BEA SYSTEMS INC	BEAS	CASH	9,100	10.7600	97,916
BEVERLY ENTERPRISES INC NEW	BEV	CASH	41,700	7.8100	325,677
C R BARD INC	BCR	CASH	1,700	55.1000	93,670	1,428	1.5245
CYTYC CORP	CYTC	CASH	2,600	16.2900	42,354
CALPINE CORP	CPN	CASH	26,500	9.6400	255,460

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY Bear, Steams Securities Corp. One Mebrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS STATEMENT PERIOD April 27, 2002 THROUGH May 31, 2002 | LAST STATEMENT | April 26, 2002 | | :--- | :--- | 027 06/01/02;17:25 001 V559 EFTA00198461 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 5 of 24 ## Your Portfolio Holdings (continued) **Equities & Options** (continued)

DESCRIPTION	SYMBOL/CUSIP	ACT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
CENDANT CORP	CD	CASH	18,350	18,2800	335,438
CELESTICA INC SUBORD VTG SHS	CLS	CASH	2,100	29,5200	61,992
COSTCO WHOLESALE CORP-NEW	COST	CASH	6,550	39,2700	257,219
CITIZENS COMMUNICATIONS CO	CZN	CASH	37,200	9,4000	349,680
CSX CORP	CSX	CASH	2,700	34,4000	92,880	1,080	1.1628
COOPER INDUSTRIES LTD CL A	CBE	CASH	4,600	43,3700	199,502	6,440	3.2280
CABOT CORP	CBT	CASH	5,400	24,6300	133,002	2,808	2.1112
CANDIES INC	CAND	MRGN	346	4,6600	1,612
KENNETH COLE PRODUCTIONS INC CL A	KCP	CASH	7,500	26,4200	198,150
CISCO SYSTEMS INC	CSCO	CASH	10,200	15,7800	160,956
CONTINENTAL AIRLINES INC-CL B	CAL	CASH	9,450	22,2700	210,452
COX COMMUNICATIONS INC NEW CL A	COX	CASH	2,600	33,6400	87,464
DMC STRATEX NETWORKS INC	STXN	CASH	11,450	3,4900	39,961
DOW CHEMICAL CO	DOW	CASH	9,400	33,3400	313,396	12,596	4.0192
EDISON INTERNATIONAL	EIX	CASH	19,150	18,6600	357,339
EMMIS COMMUNICATIONS CORP-CL A	EMMS	CASH	9,050	29,6000	267,880
EXPEDITORS INTERNATIONAL OF WASHINGTON INC	EXPD	CASH	3,000	59,1000	177,300	720	0.4061
FOX ENTERTAINMENT GROUP INC CL A	FOX	CASH	14,600	25,0400	365,584
FEDEX CORP	FDX	CASH	3,900	53,9500	210,405

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY Bear, Steams Securities Corp. One Metratech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS 027 06/01/02;17:25 001 EFTA00198462 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 6 of 24 ## Your Portfolio Holdings (continued) **Equities & Options** (continued)

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
FOOT LOCKER INC	Z	CASH	11,650	15.3000	178,245
FEDERATED DEPARTMENT STORES INC-DEL	FD	CASH	6,200	41.4100	256,742
FLEXTRONICS INTERNATIONAL LTD	FLEX	CASH	5,600	13.2300	74,088
IONA TECHNOLOGIES PLC SPONSORED ADR	IONA	CASH	14,800	9.9800	147,704
HONEYWELL INTL INC	HON	CASH	4,150	39.2000	162,680	3,113	1.9136
I-MANY INC	IMNY	CASH	57,650	4.3200	249,048
HCA INC (FRM HCA-HEALTHCARE COMPANY)	HCA	CASH	11,000	49.1300	540,430	880	0.1628
IMC GLOBAL INC	IGL	CASH	8,000	14.0200	112,160	640	0.5706
JONESAPPAREL GROUP INC	JNY	CASH	11,200	39.8600	446,432
KOHLS CORP	KSS	CASH	3,200	75.0000	240,000
LIBERTY MEDIA CORP SER A NEW	L	CASH	34,400	12.0500	414,520
LIZ CLAIBORNE INC	LIZ	CASH	10,400	30.6300	318,552	2,340	0.7346
MILLENNIUM CHEMICALS INC	MCH	CASH	6,200	14.2500	88,350	3,348	3.7895
MYKROLIS CORP	MYK	CASH	9,300	13.5000	125,550
NOVA CHEMICALS CORP	NCX	CASH	4,500	25.3400	114,030	757	0.6639
NORTHWEST AIRLINES CORP	NWAC	CASH	2,500	16.7200	41,800
NORFOLK SOUTHERN CORP	NSC	CASH	8,450	21.1700	178,887	2,028	1.1337
POLO RALPH LAUREN CORP-CL A	RL	CASH	6,407	25.8900	165,877
OMNICARE INC	OCR	CASH	6,300	28.0800	176,904	567	0.3205

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS 027 06/01/02;17:25 001 EFTA00198463 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 7 of 24 ## Your Portfolio Holdings (continued) Equities & Options (continued)

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
PACIFIC SUNWEAR OF CALIFORNIA INC	PSUN	CASH	9,350	19.4000	181,390
QUIKSILVER INC	ZOK	CASH	17,450	23.0500	402,223
REMEC INC	REMC	CASH	4,350	7.3800	32,103
ROYAL CARIBBEAN CRUISES LTD	RCL	CASH	11,350	22.5100	255,489	5,902	2.3101
SICOR INC	SCRI	CASH	10,800	16.3700	176,796
SKECHERS USA INC CL A	SKX	CASH	9,000	21.7100	195,390
STAGE STORES INC NEW	STGS	CASH	13,300	35.6200	473,746
SANMINA-SCI CORP	SANM	CASH	11,900	11.5000	136,850
SINCLAIR BROADCAST GROUP INC CL A	SBGI	CASH	21,600	14.8200	320,112
SYMBOL TECHNOLOGIES INC	SBL	CASH	15,400	8.5700	131,978	308	0.2334
TYCO INTERNATIONAL LTD	TYC	CASH	2,550	21.9500	55,973	128	0.2287
TIBCO SOFTWARE INC	TIBX	CASH	17,400	5.9500	103,530
TALBOTS INC	TLB	CASH	7,900	37.2000	293,880	2,844	0.9677
TIMBERLAND CO-CL A	TBL	CASH	4,400	38.7800	170,632
TOMMY HILFIGER CORP-ORD	TOM	CASH	15,400	15.2200	234,388
TRIQUINT SEMICONDUCTOR INC	TQNT	CASH	11,500	9.0000	103,500
UNITED PARCEL SVC INC CL B	UPS	CASH	5,350	60.3800	323,033	4,066	1.2587
UNITED RETAIL GROUP INC	URGI	CASH	16,700	9.0460	151,068
UNVERSAL HEALTH SERVICES INC CL B	UHS	CASH	1,400	49.6200	69,468

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY Bear, Steams Securities Corp. One Metratech Center North Brooklyn, New York 11201-3859 INSTITUTIONAL INTERESTS 027 06/01/02;17:25 001 V559 EFTA00198464 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 8 of 24 ## Your Portfolio Holdings (continued) Equities & Options (continued)

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME
VISHAY INTERTECHNOLOGY INC	VSH	CASH	4,900	24.5600	120,344
YOUNG BROADCASTING INC-CL A	YBTVA	CASH	12,800	20.2000	258,560
Total Equities& Options					$13,094,189	$51,993
TOTAL EQUITIES					$13,094,189	$51,993

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY

YOUR TOTAL ESTIMATED ANNUAL INCOME	$100,580
YOUR PRICED PORTFOLIOHOLDINGS	$17,278,908

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
04/29/02	04/24/02	BOUGHT	CALPINE CORP EXECUTION BY MSCO VS 14500 04-24-02 COMMISSION	1,015.00	CPN	14,500	12.13460	176,981.70
04/29/02	04/24/02	SOLD	CELESTICA INC SUBORD VTG SHS EXECUTION BY SIMM VS 2100 03-28-02 COMMISSION	147.00	CLS	-2,100	29.13140		61,012.09
			SEC FEE	1.85

027 06/01/02;17:25 001 EFTA00198465 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 24 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
04/29/02	04/24/02	SOLD	CONTINENTAL AIRLINES INC-CL B EXECUTION BY SBSH VS 100 03-28-02, 2600 04-18-02 COMMISSION 189,00 SEC FEE 2,28	CAL	-2,700	28.02700		75,466.62
04/29/02	04/24/02	SOLD	FLEXTRONICS INTERNATIONAL LTD EXECUTION BY FBCO VS 1600 03-06-02, 1000 03-28-02, 1400 03-12-02, 1600 03-05-02 COMMISSION 280,00	FLEX	5,600	14.35290		80,078.82
04/29/02	04/24/02	SOLD	VISHAY INTERTECHNOLOGY INC SEE NOTE 'S' ON BACK EXECUTION BY RHCO VS 300 01-09-02, 1000 11-27-01 COMMISSION 91,00 SEC FEE ,80	VSH	-1,300	20.25000		26,218.20
04/30/02	04/25/02	SOLD	AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY RSSF VS 1600 04-23-02 SEC FEE 1,26	AEOS	-1,600	26.09630		41,737.82
04/30/02	04/25/02	BOUGHT	CALPINE CORP EXECUTION BY FBCO VS 6000 04-25-02 AS OF 04/25/02	CPN	6,200	11.50000	71,315.00
04/30/02	04/25/02	BOUGHT	I-MANY INC EXECUTION BY CANT VS 1600 04-25-02	IMNY	1,600	4.60000	7,375.00
05/01/02	04/26/02	BOUGHT	AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY JPHQ VS 1200 04-26-02	AEOS	1,200	26.14750	31,392.00

027 06/01/02;17:25 001 EFTA00198466 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 24 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
05/01/02	04/26/02	SOLD	ALLERGAN INC EXECUTION BY RHCO VS 1750 03-06-02 COMMISSION 122,50 SEC FEE 3,45	AGN	-1,750	65.47880		114,446.95
05/02/02	04/29/02	SOLD	C'R BARD INC WITH RIGHTS TO PURCHASE COMMON STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY COWN VS 1400 04-12-02 COMMISSION 98,00 SEC FEE 2,29	BCR	-1,400	54.23040		75,807.27
05/02/02	04/29/02	SOLD	ENZON INC EXECUTION BY COWN VS 550 09-17-01, 650 01-31-02 SEC FEE 1,24	ENZN	-1,200	34.32000		41,167.76
05/02/02	04/29/02	BOUGHT	JONES APPAREL GROUP INC EXECUTION BY OPCO VS 1500 04-29-02 COMMISSION 105,00	JNY	1,500	38.94730	58,540.95
05/02/02	04/29/02	SOLD	TYCO INTERNATIONAL LTD AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	TYC	-2,350	18.60090		43,546.30
05/02/02	04/29/02	BOUGHT	TALBOTS INC EXECUTION BY BUCK VS 3200 04-29-02 COMMISSION 192,00	TLB	3,200	34.72340	111,321.88
05/03/02	04/30/02	SOLD	EMMIS COMMUNICATIONS CORP-CL A EXECUTION BYFBCO VS 3000 01-08-02, 1500 12-26-01 COMMISSION 225,00 SEC FEE 3,78	EMMS	-4,500	27.89110		125,266.17

027 06/01/02;17:25 001 EFTA00198467 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 11 of 24 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
05/03/02	04/30/02	SOLD	IMC GLOBAL INC SEE NOTE 'S' ON BACK EXECUTION BY MLCO VS 3200 01-23-02, 2100 01-22-02 COMMISSION 371,00 SEC FEE 1,98	IGL	-5,300	12.41110		65,390.85
05/03/02	04/30/02	BOUGHT	JONES APPAREL GROUP INC EXECUTION BY BLUCK VS 2200 04-30-02 COMMISSION 132,00	JNY	2,200	39.25210	86,501.62
05/03/02	04/30/02	SOLD	MASCO CORP WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUUMSTANCE EXECUTION BY MLCO VS 100 12-06-01, 3200 12-05-01 COMMISSION 221,00 SEC FEE 2,78	MAS	-3,300	27.95390		91,999.09
05/03/02	04/30/02	BOUGHT	TABOTS ING EXECUTION BY LEHM VS 1100 04-30-02 COMMISSION 77,00	TLB	1,100	34.48150	38,021.65
05/06/02	05/01/02	SOLD	AMERICAN EAGLE OUTFITTERS INC NEW EXECUTION BY JPHQ VS 1000 04-23-02, 1200 04-26-02, 1400 04-18-02 COMMISSION 180,00 SEC FEE 2,67	AEOS	-3,600	24.59820		88,355.85
05/06/02	05/01/02	SOLD	BORE CARCODE CORP WITH RIGHTS TO PURCHASE COMMON STK UNDER CERTAIN CIRCUUMSTANCE SEE NOTE 'S' ON BACK EXECUTION BY GKMC VS 900 03-05-02, 700 03-12-02, 1100 03-26-02	BCC	-2,700	33.12220		89,223.24

027 06/01/02;17:25 001 EFTA00198468 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 12 of 24 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

SEEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
05/06/02	05/01/02	BOUGHT	KENNETH COLE PRODUCTIONS INC CL A EXECUTION BY BUCK VS 1600 05-01-02 COMMISSION	KCP	1,600	29.14330	46,740.28
05/06/02	05/01/02	SOLD	EXPRESSJET HOLDINGS INC EXECUTION BY SBSH VS 4800 04-17-02 COMMISSION	XJT	-4,800	14.51000		69,297.00
05/06/02	05/01/02	SOLD	IMC GLOBAL INC SEE NOTE 'S' ON BACK EXECUTION BY MLCO VS 400 01-22-02, 1100 10-05-01 COMMISSION	IGL	-1,500	12.41420		18,500.73
05/06/02	05/01/02	SOLD	JC PENNEY CO INC SEE NOTE 'S' ON BACK EXECUTION BY GSCO VS 500 04-15-02, 1650 04-08-02 COMMISSION	JCP	-2,150	21.47590		46,006.30
05/07/02	05/02/02	SOLD	AMERICAN EAGLE OUTFITERS INC NEW EXECUTION BY JPHQ VS 2600 04-18-02 COMMISSION	AEOS	-2,600	24.37820		63,236.41
05/07/02	05/02/02	BOUGHT	CALPINE CORP EXECUTION BY MLCO VS 3200 05-02-02 COMMISSION	CPN	3,200	10.21600	32,930.20
05/07/02	05/02/02	SOLD	IMC GLOBAL INC SEE NOTE 'S' ON BACK EXECUTION BY MLCO VS 1300 10-05-01 COMMISSION	IGL	-1,300	13.03180		16,834.83
			SEC FEE	.51

027 06/01/02;17:25 001 EFTA00198469 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 13 of 24 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

SEELEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	CREDIT AMOUNT
05/07/02	05/02/02	SOLD	VISHAY INTERTECHNOLOGY INC SEE NOTE "S" ON BACK EXECUTION BY MLCO VS 1300 11-27-01 COMMISSION 91,00 SEC FEE 90	VSH	-1,300	22.92750	29,698.85
05/08/02	05/03/02	SOLD	PACIFIC SUNWEAR OF CALIFORNIA INC EXECUTION BY SLKC VS 700 04-08-02 COMMISSION 35,00 SEC FEE 53	PSUN	-700	24.73640	17,264.95
05/08/02	05/03/02	SOLD	JC PENNEY CO INC SEE NOTE "S" ON BACK EXECUTION BY BUCK VS 1050 04-08-02, 150 04-04-02 COMMISSION 72,00 SEC FEE 78	JCP	-1,200	21.40270	25,595.46
05/08/02	05/03/02	SOLD	ROYAL CARIBBEAN CRUISES LTD SEE NOTE "S" ON BACK EXECUTION BY VPHQ VS 2500 12-18-01 COMMISSION 175,00 SEC FEE 1,77	RCL	-2,500	23.39720	58,301.23
05/08/02	05/03/02	SOLD	SYMBOL TECHNOLOGIES INC AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	SBL	-5,100	8.14960	41,255.70
05/08/02	05/03/02	SOLD	TOMMY HILFIGER CORP.ORD EXECUTION BY BUCK VS 1900 04-10-02 COMMISSION 114,00 SEC FEE 89	TOM	-1,900	15.46670	29,256.84
05/09/02	05/06/02	SOLD	ENZON INC EXECUTION BY COWN VS 650 01-31-02, 650 01-16-02 SEC FEE 1,19	ENZN	-1,300	30.20000	39,243.81

027 06/01/02;17:25 001 EFTA00198470 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 14 of 24 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

MENTION DATE	DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
05/09/02	05/06/02	BOUGHT	FOOT LOCKER INC EXECUTION BY BUCK VS 1300 05-06-02 COMMISSION	Z	1,300	14.90060	19,463.78
05/09/02	05/06/02	SOLD	TOMMY HILFIGER CORP. ORD EXECUTION BY MLCO VS 2100 04-10-02 COMMISSION	TOM	-2,100	15.22590		31,811.42
05/10/02	05/07/02	BOUGHT	CYTC CORP EXECUTION BY COWN VS 2600 05-07-02	CYTC	2,600	14.92800	38,827.80
05/10/02	05/07/02	BOUGHT	FEDEX CORP EXECUTION BY MLCO VS 1300 05-07-02 COMMISSION	FDX	1,300	50.84770	66,208.01
05/10/02	05/07/02	BOUGHT	FOOT Locker INC EXECUTION BY MLCO VS 1300 05-07-02 COMMISSION	Z	1,300	15.18050	19,840.65
05/10/02	05/07/02	BOUGHT	NORFOLK SOUTHERN CORP EXECUTION BY MLCO VS 1500 05-07-02 COMMISSION	NSC	1,500	20.88240	31,443.60
05/10/02	05/07/02	BOUGHT	UNITED PARCEL SVC INC DL B AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	UPS	1,200	59.71080	71,736.96
05/13/02	05/08/02	SOLD	HCA INC (FRM HCA-HEALTHCARE COMPANY) EXECUTION BY OPCO VS 1400 10-24-01 COMMISSION	HCA	-1,400	45.70009		63,865.07
			SEC FEE	1,93

027 06/01/02;17:25 001 EFTA00198471 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 24 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

EMENT DATE	DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
05/13/02	05/08/02	SOLD	JC PENNEY CO INC SEE NOTE 'S' ON BACK EXECUTION BY GSCO VS 900 04-04-02 COMMISSION SEC FEE	JCP	-900	22.59440		20,256.34
05/13/02	05/08/02	SOLD	TOMMY HILFIGER CORP-ORD EXECUTION BY BUCK VS 1800 04-10-02 COMMISSION SEC FEE	TOM	-1,800	15.36320		27,529.92
05/14/02	05/09/02	BOUGHT	FEDERATED DEPARTMENT STORES INC-DEL EXECUTION BY BUCK VS 3000 05-09-02 COMMISSION	FD	2,300	41.54240	95,700.52
05/14/02	05/09/02	SOLD	JC PENNEY CO INC SEE NOTE 'S' ON BACK EXECUTION BY OPPO VS 400 04-04-02 COMMISSION SEC FEE	JCP	-400	22.07380		8,786.25
05/14/02	05/09/02	SOLD	TALBOTS INC EXECUTION BY BUCK VS 700 04-29-02 COMMISSION SEC FEE	TLB	-700	37.31000		26,059.21
05/14/02	05/09/02	SOLD	TOMMY HILFIGER CORP-ORD EXECUTION BY BUCK VS 300 04-10-02, 500 01-30-02 COMMISSION SEC FEE	TOM	-800	14.92180		11,874.08
05/15/02	05/10/02	BOUGHT	FOOT LOCKER INC EXECUTION BY OPPO VS 400 05-10-02 COMMISSION	Z	400	13.81090	5,567.36

027 06/01/02;17:25 001 EFTA00198472 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 24 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

IMMEMENT DATE	DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
05/15/02	05/10/02	SOLD	JC PENNEY CO INC AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED SEE NOTE 'S' ON BACK	JCP	-650	22.70890		14,714.84
05/15/02	05/10/02	SOLD	YOUNG BROADCASTING INC-CL A EXECUTION BY SBSH VS 3600 01-04-02, 700 12-26-01 SEC FEE 2,14	YBTVA	-3,200	22.13800		70,824.46
05/16/02	05/13/02	BOUGHT	PACIFIC SUNWEAR OF CALIFORNIA INC EXECUTION BY RSSF VS 600 05-13-02	PSUN	600	19.40800	11,659.80
05/17/02	05/14/02	BOUGHT	NORFOLK SOUTHERN CORP EXECUTION BY FRCO VS 2200 05-14-02 COMMISSION 154,00	NSC	2,200	21.47920	47,423.24
05/17/02	05/14/02	BOUGHT	YOUNG BROADCASTING INC-CL A EXECUTION BY INET VS 1600 05-14-02 COMMISSION 48,00	YBTVA	1,600	21.13700	33,882.20
05/20/02	05/15/02	SOLD	BEA SYSTEMS INC EXECUTION BY TWPT VS 700 11-09-01, 700 11-07-01 SEC FEE .50	BEAS	-1,400	11.78500		16,483.50
05/20/02	05/15/02	SOLD	BEVERLY ENTERPRISES INC NEW EXECUTION BY ADAM VS 3100 04-30-01 COMMISSION 186,00 SEC FEE .73	BEV	-3,100	7.74000		23,792.27
05/21/02	05/16/02	SOLD	ENZON INC EXECUTION BY COWVS 1350 01-16-02, 700 01-15-02 .1400 03-01-02 SEC FEE 3,13	ENZN	-3,450	30.05830		103,683.01

027 06/01/02;17:25 001 EFTA00198473 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 17 of 24 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

IMMEMENT DATE	DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT
05/22/02	05/17/02	BOUGHT	ANALOG DEVICES INC WITH RIGHTS TO PURCHASE COMMON STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY RHCO VS 2400 05-17-02 COMMISSION	ADI	2,400	40.10570	96,436.68
05/22/02	05/17/02	BOUGHT	CALPINE CORP AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	CPN	2,600	8.83600	23,129.60
05/22/02	05/17/02	BOUGHT	CENDANT CORP EXECUTION BY TWPT VS 6900 05-17-02 COMMISSION	CD	6,900	18.83500	130,459.50
05/22/02	05/17/02	BOUGHT	CABOT CORP WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY VKCO VS 4000 05-17-02 COMMISSION	CBT	4,000	26.75650	107,321.00
05/22/02	05/17/02	BOUGHT	COX COMMUNICATIONS INC NEW CL A EXECUTION BY RHCO VS 2600 05-17-02 COMMISSION	COX	2,600	33.86630	88,249.38
05/22/02	05/17/02	BOUGHT	DOW CHEMICAL CO EXECUTION BY MSCO VS 600 05-17-02 COMMISSION	DOW	600	33.91200	20,404.20
05/22/02	05/17/02	BOUGHT	FOOT LOCKER INC EXECUTION BY LEHM VS 800 05-17-02 COMMISSION	Z	800	13.65000	10,991.00
05/22/02	05/17/02	BOUGHT	NORFOLK SOUTHERN CORP EXECUTION BY FBCO VS 400 05-17-02 COMMISSION	NSC	400	21.80860	8,766.44

027 06/01/02;17:25 001 EFTA00198474 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 18 of 24 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
05/22/02	05/17/02	SOLD	STAGE STORES INC NEW EXECUTION BY NITE VS 1000 04-09-02 SEC FEE 1,06	STGS	-1,000	34.90000		34,883.94
05/22/02	05/17/02	SOLD	YALBOYS INC EXECUTION BY BUCK VS 300 04-29-02 COMMISSION 18,00 SEC FEE .35	TLB	-300	38.14510		11,410.18
05/22/02		NAME CHG	COOPER INDUSTRIES LTD CL A FROM NCOOPERINDUSTRIES LTD	CBE	3,500
05/22/02		NAME CHG	COOPER INDUSTRIES INC TO NCOOPERINDUSTRIES LTD		-3,500
05/23/02	05/20/02	BOUGHT	JONES APPAREL GROUP INC EXECUTION BY BUCK VS 1100 05-20-02 COMMISSION 66,00	JNY	1,100	41.02970	45,213.67
05/24/02	05/21/02	SOLD	KOHLS CORP EXECUTION BY FCAP VS 100 01-10-02, 200 03-06-02 COMMISSION 21,00 SEC FEE .69	KSS	-300	76.00180		22,763.85
05/24/02	05/21/02	SOLD	POLO RALPH LAUREN CORP-CL A SEE NOTE 'S' ON BACK EXECUTION BY BUCK VS 1500 01-31-02 COMMISSION 90,00 SEC FEE 1,29	RL	-1,500	28.36720		42,444.51
05/24/02	05/21/02	BOUGHT	OURSILVER INC EXECUTION BY BUCK VS 2850 05-21-02 COMMISSION 171,00 AS OF 05/21/02	ZOK	2,850	22.65310	64,747.34

027 06/01/02;17:25 001 EFTA00198475 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 19 of 24 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
05/24/02	05/21/02	SOLD	TOMMY HILFIGER CORP-ORD EXECUTION BY BUCK VS 600 01-30-02, 1900 02-20-02 , 1500 10-05-01 COMMISSION 240,00 SEC FEE 1,76	TOM	-4,000	14.57260		58,033.64
05/24/02	05/21/02	BOUGHT	UNIVERSAL HEALTH SERVICES INC CL B EXECUTION BY MSCO VS 1400 05-21-02 COMMISSION 98,00	UHS	1,400	45.19400	63,384.60
05/28/02	05/22/02	BOUGHT	COOPER INDUSTRIES LTD CL A AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	CBE	1,100	41.42930	45,649.23
05/28/02	05/22/02	BOUGHT	CABOT CORP WITH RIGHTS TO PURCHASE PREFRD STK UNDER CERTAIN CIRCUMSTANCE EXECUTION BY OPCO VS 1400 05-22-02 COMMISSION 98,00	CBT	1,400	25.73250	36,138.50
05/28/02	05/22/02	BOUGHT	FOOT LOCKER INC EXECUTION BY BUCK VS 3200 05-22-02 COMMISSION 192,00	Z	3,200	13.32890	42,859.48
05/28/02	05/22/02	SOLD	MINROUS CORP EXECUTION BY MONT VS 1400 03-06-02 COMMISSION 98,00 SEC FEE .68	MYK	-1,400	16.00000		22,286.32
05/28/02	05/22/02	SOLD	POLO RALPH LAUREN CORP-CL A SEE NOTE 'S' ON BACK EXECUTION BY MONT VS 800 01-31-02, 200 01-30-02 COMMISSION 70,00 SEC FEE .82	RL	-1,000	27.15780		27,071.98

027 06/01/02;17:25 001 EFTA00198476 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 20 of 24 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

DATE	DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
05/28/02	05/22/02	BOUGHT	QUICKSILVER INC EXECUTION BY LEHM VS 1300 05-22-02 COMMISSION 91,00	ZOK	1,300	21.54350	28,112.55
05/29/02	05/23/02	BOUGHT	ADELPHA COMMUNICATIONS CORP CL A EXECUTION BY SBSH VS 61800 05-23-02	ADLAE	61,800	2.41000	148,953.00
05/29/02	05/23/02	BOUGHT	FOOT LOCKER INC AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED	Z	2,000	14.19650	28,533.00
05/29/02	05/23/02	BOUGHT	JONES APPAREL GROUP INC EXECUTION BY BUCK VS 1200 05-23-02 COMMISSION 72,00	JNY	1,200	39.99450	48,080.40
05/29/02	05/23/02	BOUGHT	TOMMY HILFIGER CORP-ORD EXECUTION BY BUCK VS 6300 05-23-02 COMMISSION 378,00	TOM	6,300	15.28130	96,665.19
05/30/02	05/24/02	SOLD	ACTIV INC EXECUTION BY INET VS 2200 11-02-00, 800 11-14-00 4300 12-13-00, 10000 12-11-00 COMMISSION 519.00 SEC FEE 87	IATV	-17,300	1.66750		28,312.88
05/30/02	05/24/02	SOLD	IMC GLOBAL INC AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED SEE NOTE 'S' ON BACK	IGL	-1,100	13.71350		15,007.39
05/30/02	05/24/02	BOUGHT	PACIFIC SUNWEAR OF CALIFORNIA INC EXECUTION BY JPHQ VS 2900 05-24-02 COMMISSION 145.00	PSUN	2,900	19.50500	56,724.50

027 06/01/02;17:25 001 EFTA00198477 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 21 of 24 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## INVESTMENT ACTIVITY (continued)

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
05/30/02	05/24/02	BOUGHT	TIMBERLAND CO-CLA EXECUTION BY BUCK VS 500 05-24-02 COMMISSION	TBL	500	39.74630	19,918.15
05/30/02		RECEIVED	AMERICAN BANK NOTE HOLOGRAPHICS INC	ABHH	3,635
05/30/02		RECEIVED	WTS AMERICAN BANK NOTE HOLOGRAPHICS DUE 05/18/02 EXP 05/18/2002	024377111	2,151
05/31/02	05/28/02	BOUGHT	PACIFIC SUNWEAR OF CALIFORNIA INC EXECUTION BY JPHQ VS 1100 05-28-02 COMMISSION	PSUN	1,100	18.88860	20,847.46
TOTAL							-$2,334,459.07	$2,156,104.20

## DEPOSITS AND WITHDRAWALS

DATE	TRANSACTION	DESCRIPTION	DEBIT AMOUNT	CREDIT AMOUNT
04/29/02	CHECK	CK #MH725385 FEES FR 4/1/02-6/30/02 BUCKINGHAM CAPITAL	22,608.67
TOTAL			-22,608.67

## MONEY FUND ACTIVITY

DATE MO/DAY	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
04/27/02		OPENINGBALANCE		3,535,003.34

027 EFTA00198478 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 22 of 24 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) ## MONEY FUND ACTIVITY (continued)

DATE MONDAY	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
05/02/02	BOUGHT	THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO	GTDXX	400,000	1.0000	400,000.00
05/06/02	BOUGHT	THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO	GTDXX	200,000	1.0000	200,000.00
05/20/02	SOLD	THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO	GTDXX	-400,000	1.0000		400,000.00
05/21/02	DIVIDEND	THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO MONTHLY DIVIDEND	GTDXX				3,453.75
05/21/02	DIVIDEND	THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO MONTHLY DIVIDEND	GTDXX				710.85
05/21/02	REINVEST	THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO MONTHLY DIVIDEND REINVESTED	GTDXX	3,453.75		3,453.75
05/21/02	REINVEST	THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO MONTHLY DIVIDEND REINVESTED	GTDXX	710.85		710.85
05/24/02	SOLD	THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO	GTDXX	-500,000	1.0000		500,000.00
05/31/02		CLOSINGBALANCE		3,239,167.94
TOTAL						-604,164.60	$904,164.60

## DIVIDENDS

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	DEBIT AMOUNT	CREDIT AMOUNT
05/01/02	J C PENNEY CO INC REC 04/10/02 PAY 05/01/02	JCP	2,100	0.1250		262.50
05/01/02	TYCO INTERNATIONAL LTD REC 04/01/02 PAY 05/01/02	TYC	4,900	0.0125		61.25

027 06/01/02;17:25 001 EFTA00198479 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 23 of 24 INSTITUTIONAL INTERESTS ## **Transaction Detail** (continued) STATEMENT PERIOD April 27, 2002 DIVIDENDS (continued) THROUGH May 31, 2002 | LAST STATEMENT | April 26, 2002 | | :--- | :--- |

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	DEBIT AMOUNT	CREDIT AMOUNT
05/07/02	MASCO CORP	MAS	3,300	0.1350		445.50
05/07/02	REC 04/05/02 PAY 05/07/02
05/10/02	C R BARD INC	BCR	3,100	0.2100		651.00
05/10/02	REC 04/29/02 PAY 05/10/02
05/15/02	NOVA CHEMICALS CORP	NCX	4,500	0.0641		288.55
	REC 04/30/02 PAY 05/15/02		WH		43.28
	FOREIGN TAX WITHHELD
TOTAL					-43.28	$1,708.80

INTEREST

DATE	DESCRIPTION			SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
05/21/02	INT CR		MAY 02					902.97
TOTAL								$902.97

## Trades Executed Pending Settlement

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
06/03/02	05/29/02	SOLD	IMC GLOBAL INC	IGL	-1,000.00	13.6242		13,538.78
06/03/02	05/29/02	BOUGHT	QUIKSILVER INC	ZQK	1,200.00	22.2079	26,748.48
06/03/02	05/29/02	SOLD	TALBOTS INC	TLB	-1,200.00	37.4225		44,818.64
06/04/02	05/30/02	SOLD	COSTCO WHOLESALE CORP-NEW	COST	-800.00	39.2800		31,368.05
06/04/02	05/30/02	BOUGHT	PACIFIC SUNWEAR OF CALIFORNIA INC	PSUN	600.00	18.1533	10,936.98

027 06/01/02;17:25 001 EFTA00198480 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 24 of 24 INSTITUTIONAL INTERESTS ## Trades Executed Pending Settlement (continued)

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
06/04/02	05/30/02	BOUGHT	TIMBERLAND CO-CL A	TBL	1,700.00	38.9000	66,247.00
06/05/02	05/31/02	SOLD	ADELPHIA COMMUNICATIONS CORP CL A	ADLAE	-26,300.00	.7822		19,767.24
06/05/02	05/31/02	BOUGHT	CALPINE CORP	CPN	2,800.00	9.3800	26,447.00
06/05/02	05/31/02	BOUGHT	MILLENNIUM CHEMICALS INC	MCH	2,400.00	14.0150	33,819.00
06/05/02	05/31/02	BOUGHT	OLIN CORP NEW WITH RIGHTS TO PURCHASE PREFRD	OLN	4,100.00	19.7674	81,348.34
06/05/02	05/31/02	BOUGHT	YOUNG BROADCASTING INC-CL A	YBTVA	3,200.00	19.9423	63,990.36
TOTAL								$309,537.16	$109,492.71

The above trades do not appear in any other section of this statement. ******* End of Statement******* 06/01/02;17:25 001 027 V559