EFTA00198590



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT
Bear, Stearns & Co. Inc.
245 Park Avenue
New York, New York 10167

## What’s In This Statement

<table><tr><td>Financial Summary</td><td>3</td></tr><tr><td>Your Portfolio Holdings</td><td>3</td></tr><tr><td>Transaction Detail</td><td>4</td></tr></table>





# INSTITUTIONAL INTERESTS

BD/AC

C/O FINANCIAL TRUST COMPANY

ATTN JEANIE BRENNAN

6100 RED HOOK QUARTER STE B-3

ST THOMAS VI 00802



CLEARED THROUGH ITS

WHOLLY OWNED SUBSDIARY



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.



INSTITUTIONAL INTERESTS



## Your Portfolio at a Glance

<table border="1"><tr><td>NET CREDIT BALANCE</td><td>2,823</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$2,823</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>2,810</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>14</td></tr></table>

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.

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EFTA00198591



CLEARED THROUGH ITS
WHOLLY OWNED SUBSIDIARY


2 of 4

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



INSTITUTIONAL INTERESTS


STATEMENT BACKER IS PRINTED ON THIS PAGE

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EFTA00198592



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT
Bear, Stearns & Co. Inc.
245 Park Avenue
New York, New York 10167

3 of 4

## Cash Flow Analysis

<table border="1"><tr><td></td><td>THIS PERIOD</td></tr><tr><td>OpeningBalance</td><td>$2,809.55</td></tr><tr><td>Dividends/Interest</td><td>13.80</td></tr><tr><td>Amount Credited</td><td>$13.80</td></tr><tr><td>Net Cash Activity</td><td>13.80</td></tr><tr><td>ClosingBalance</td><td>$2,823.35</td></tr></table>

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>2,809.55</td><td>2,823.35</td></tr><tr><td>Net Cash Balance</td><td>$2,809.55</td><td>$2,823.35</td></tr></table>

Income Summary

<table border="1"><tr><td></td><th>THIS PERIOD</th><th>YEAR TO DATE</th></tr><tr><td>Credit Balance Int.</td><td>13.80</td><td>13.80</td></tr><tr><td>Total</td><td>$13.80</td><td>$13.80</td></tr></table>

## CASH & CASH EQUIVALENTS

Portfolio Composition

## Your Portfolio Holdings

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>2,823</td></tr><tr><td>Total</td><td>$2,823</td></tr></table>

<table><thead><tr><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>PRICE</th><th>MARKET VALUE</th><th>ESTIMATED ANNUAL INCOME</th></tr></thead><tbody><tr><td>CASH BALANCE</td><td></td><td></td><td></td><td>2,823</td><td></td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$2,823</td><td></td></tr></tbody></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSDIARY



Bear, Steams Securities Corp.

One Metratech 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.



01/27/01;15:33 001




EFTA00198593




BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT
Bear, Stearns & Co. Inc.
245 Park Avenue
New York, New York 10167

4 of 4



CLEARED THROUGH ITS

CLEARLY WOUNDED SUBSIDIARY



Bear, Steams Securities Corp.

One Meterotech Center North Brooklyn, New York 11201-3859

Your Portfolio Holdings (continued)

<table><thead><tr><th>YOUR PRICED PORTFOLIOHOLDINGS</th><td>$2,823</td></tr></thead></table>



INSTITUTIONAL INTERESTS





INTEREST




Transaction Detail


<table><thead><tr><th>DATE</th><th colspan="2">DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>RATE (%)</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>01/22/01</td><td>INT CR</td><td>JAN 01</td><td></td><td></td><td></td><td></td><td>13.80</td></tr><tr><td colspan="7">TOTAL</td><td>$13.80</td></tr></tbody></table>





******* End of Statement*******


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