EFTA00198658

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

| | |

| :--- | :--- |

| ACCOUNT EXECUTIVE | CAYNE,JAMES E. |

| TELEPHONE | |

| VISIT OUR WEBSITE | www.bearstearns.com |

What’s In This Statement





Your Messages 2

# INSTITUTIONAL INTERESTS

C/O J EPSTEIN & CO

ATTN JEANIE BRENNAN

6100 RED HOOK QUARTER STE B-3

ST THOMAS VI 00802



CLEARED THROUGH ITS

WHOLLY OWNED SUBSDIARY



Premise or Third Party Repurchase Agreements with Bear, Stearns& Co.Inc. outstanding as of date of statement

<table><thead><tr><th>PURCHASE/ START DATE</th><th>REPURCHASE/ END DATE</th><th>PURCHASE PRICE/ PRINCIPAL</th><th>PRICING RATE</th><th>REPO/ ACCRUED INTEREST*</th><th>NET AMOUNT</th></tr></thead><tbody><tr><td>02/16/01</td><td>OPEN</td><td>5,000,000.00</td><td>5.350000</td><td>7,475.00</td><td>5,007,475.00</td></tr></tbody></table>

Bear, Steams Securities Corp.

One Metrotech Center North Brooklyn, New York 11201-3859

<table><thead><tr><th>02/22/01</th><th>OPEN</th><th>24,569,184.81</th><th>5.350000</th><th>14,652.79</th><th>24,583,837.60</th></tr></thead><tbody><tr><td colspan="5">TOTAL REPURCHASE AGREEMENTS</td><td>$29,591,312.60</td></tr></tbody></table>

| LAST STATEMENT | January 26, 2001 |

| :--- | :--- |

*As of statement date*

The above positions do not appear in any other section of this statement.

TAXPAYER NUMBER 31-6412006



INSTITUTIONAL INTERESTS



THROUGH February 23, 2001



ACCOUNT NUMBER



STATEMENT PERIOD January 27, 2001

Please report any difference or non-receipt of checks or stocks, indicated as delivered to you, to Client Services at 800-634-1428; or write to Client Services at Bear, Steams Securities Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3859.

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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EFTA00198659



BEAR
STEARNS


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

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## Your messages



The interest, if any, charged to your account during December 2000 was computed on the net debit balance through December 28. The interest, if any, charged to your account during January 2001 is computed from December 29, 2000.



CLEARED THROUGH ITS

CLEARLY WOUNDED SUBSIDIARY





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





Bear, Steams Securities Corp.

One Metratech Center North

Brooklyn, New York 11201-3859



INSTITUTIONAL INTERESTS



STATEMENT PERIOD January 27, 2001

THROUGH February 23, 2001

ACCOUNT NUMBER

TAXPAYER NUMBER 31-6412006

| LAST STATEMENT | January 26, 2001 |

| :--- | :--- |

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EFTA00198660



CLEARED THROUGH ITS
WHOLLY OWNED SUBSIDIARY




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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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