## Statements

EFTA00198664

OFFICE SERVICING YOUR ACCOUNT

Bear, Stearns & Co. Inc.
383 Madison Avenue
New York, New York 10179



CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY



| | |

| :--- | :--- |

| ACCOUNT EXECUTIVE | ZICHERMAN, IRA |

| TELEPHONE | |

| VISIT OUR WEBSITE | www.bearstearns.com |

## What’s In This Statement

<table border="1"><tr><td>Financial Summary</td><td>3</td></tr><tr><td>Your Portfolio Holdings</td><td>4</td></tr><tr><td>Transaction Detail</td><td>5</td></tr><tr><td>Fund Activity</td><td>5</td></tr><tr><td>Your Messages</td><td>6</td></tr></table>





# INTERNATIONAL CHARITABLE INTS

FINANCIAL TRUST CO TTEE

DTD 4-28-94

ATTN JEANIE BRENNAN

6100 RED HOOK QUARTE STE 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.



INTERNATIONAL CHARITABLE INTS



TAXPAYER NUMBER On File

| LAST STATEMENT | November 30, 2001 |

| :--- | :--- |

THROUGH December 31, 2001

Your Portfolio at a Glance



ACCOUNT NUMBER



STATEMENT PERIOD December 1, 2001

*This portfolio includes one or more unpriced securities that are not reflected in the Total Value of Securities and the Net Equity This Period.

<table border="1"><tr><td>LONG ACCRUED INTEREST</td><td>1</td></tr><tr><td>NET CREDIT BALANCE</td><td>329,873</td></tr><tr><td>MONEY MARKET FUND BALANCE</td><td>3,442,486</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$3,772,360</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>3,657,235</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>115,125</td></tr></table>

Market Value of Your Portfolio

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.

If any information regarding 2001 interest, dividends, miscellaneous income, gross proceeds or original issue discount is required to be reported to the IRS for this account, a Consolidated Form 1099 will be mailed to you by January 31,2002 or 1042S by March 15,2002.

## Important Message

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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EFTA00198665



CLEARED THROUGH ITS
WHOLLY OWNED SUBSIDIARY




2 of 6




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


STATEMENT BACKER IS PRINTED ON THIS PAGE



INTERNATIONAL CHARITABLE INTS


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EFTA00198666



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

Bear, Stearns & Co. Inc.
383 Madison Avenue
New York, New York 10179

3 of 6

## Cash Flow Analysis

<table border="1"><tr><td></td><td>THIS PERIOD</td></tr><tr><td>OpeningBalance</td><td>$221,473.88</td></tr><tr><td>Securities Sold</td><td>80,963.10</td></tr><tr><td>Money Fund</td><td>6,725.50</td></tr><tr><td>Dividends/Interest</td><td>27,435.75</td></tr><tr><td>Amount Credited</td><td>$115,124.35</td></tr><tr><td>Money Fund</td><td>-6,725.50</td></tr><tr><td>Amount Debited</td><td>$-6,725.50</td></tr><tr><td>Net Cash Activity</td><td>108,398.85</td></tr><tr><td>Closing Balance</td><td>$329,872.73</td></tr></table>

## Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>221,473.88</td><td>329,872.73</td></tr><tr><td>Net Cash Balance</td><td>$221,473.88</td><td>$329,872.73</td></tr></table>

Income Summary

<table border="1"><tr><td></td><td>THIS PERIOD</td><td>YEAR TO DATE</td></tr><tr><td>Dividends</td><td>6,725.50</td><td>42,485.88</td></tr><tr><td>Govt. Agency Int.</td><td>27,129.95</td><td>27,129.95</td></tr><tr><td>Credit Balance Int.</td><td>305.80</td><td>9,415.99</td></tr><tr><td>Total</td><td>$34,161.25</td><td>$79,031.82</td></tr></table>

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>3,772,359</td></tr><tr><td>Total</td><td>$3,772,359</td></tr></table>

027



CLEARED THROUGH ITS

WHOLLY OWNED SUBSDIARY



Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859



01/03/02;08:34 001




INTERNATIONAL CHARITABLE INTS



STATEMENT PERIOD December 1, 2001

THROUGH December 31, 2001



ACCOUNT NUMBER



TAXPAYER NUMBER On File

| LAST STATEMENT | November 30, 2001 |

| :--- | :--- |

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.

EFTA00198667



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

Bear, Stearns & Co. Inc.
383 Madison Avenue
New York, New York 10179



CLEARED THROUGH ITS
WHOLLY OWNED SUBSDIARY


4 of 6

Bear, Steams Securities Corp.

One Mebrotech Center North

Brooklyn, New York 11201-3859

<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><th>CURRENT YIELD (%)</th></tr></thead><tbody><tr><td>CASH BALANCE</td><td></td><td></td><td></td><td>329,873</td><td></td><td></td></tr><tr><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 2,1000%</td><td>DICCX</td><td>3,442,485.88</td><td>1.0000</td><td>3,442,486</td><td>79,177</td><td>2.3000</td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$3,772,359</td><td>$79,177</td><td></td></tr></tbody></table>

## Your Portfolio Holdings

## CASH & CASH EQUIVALENTS



INTERNATIONAL CHARITABLE INTS



STATEMENT PERIOD December 1, 2001

## Government & Agency Obligations

THROUGH December 31, 2001



ACCOUNT NUMBER



TAXPAYER NUMBER On File

| LAST STATEMENT | November 30, 2001 |

| :--- | :--- |

<table><thead><tr><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>ACCT TYPE</th><th>QUANTITY</th><th>PRICE</th><th>MARKET VALUE</th><th>ACCRUED INTEREST</th><th>ESTIMATED ANNUAL INCOME</th><th>CURRENT YIELD (%)</th></tr></thead><tbody><tr><td>UNITED MTG SECS CORP</td><td></td><td>CASH</td><td>7,506,037</td><td>Unpriced</td><td></td><td>1</td><td>75</td><td></td></tr><tr><td>SERIES 93-1 CL B-2</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>DATED DATE 11/26/93</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>BOOK ENTRY ONLY</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>DUE 11/25/2003 .001%</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>FACTOR = 1.00000000</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total Government&amp; Agency Obligations</td><td></td><td></td><td></td><td></td><td>$0</td><td>$1</td><td>$75</td><td></td></tr><tr><td>TOTAL FIXED INCOME</td><td></td><td></td><td></td><td></td><td>$0</td><td>$1</td><td>$75</td><td></td></tr></tbody></table>

## FIXED INCOME

<table border="1"><tr><td>YOUR TOTAL ACCRUED INTEREST</td><td>$1</td></tr><tr><td>YOUR TOTAL ESTIMATED ANNUAL INCOME</td><td>$79,252</td></tr><tr><td>YOUR PRICED PORTFOLIOHOLDINGS</td><td>$3,772,358</td></tr></table>

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01/03/02;08:34 001


EFTA00198668



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

**5 of 6**



INTERNATIONAL CHARITABLE INTS





Transaction Detail


STATEMENT PERIOD December 1, 2001

## INVESTMENT ACTIVITY

<table><thead><tr><th>SETTLEMENT DATE</th><th>TRADE DATE</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>PRICE</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>12/03/01</td><td></td><td>PRINCIPAL</td><td>UNITED MTG SECS CORP<br>SERIES 93-1 CL B-2<br>0,001 DUE 11/25/03<br>11/25/01 PRN</td><td></td><td>-80,963</td><td></td><td></td><td>80,963.10</td></tr><tr><td colspan="9">TOTAL</td><td>$80,963.10</td></tr></tbody></table>

## MONEY FUND ACTIVITY

<table><thead><tr><th>DATE MO/DAY</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>PRICE</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>12/01/01</td><td></td><td>OPENINGBALANCE</td><td></td><td>3,435,760.38</td><td></td><td></td><td></td></tr><tr><td>12/03/01</td><td>DIVIDEND</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND</td><td>DICCX</td><td></td><td></td><td></td><td>6,725.50</td></tr><tr><td>12/03/01</td><td>REINVEST</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVESTED</td><td>DICCX</td><td>6,725.50</td><td></td><td>6,725.50</td><td></td></tr><tr><td>12/31/01</td><td></td><td>CLOSINGBALANCE</td><td></td><td>3,442,485.88</td><td></td><td></td><td></td></tr><tr><td colspan="5">TOTAL</td><td></td><td>-6,725.50</td><td>$6,725.50</td></tr></tbody></table>



INTEREST


<table><thead><tr><th>DATE</th><th>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>12/03/01</td><td>UNITED MTG SECS CORP<br>SERIES 93-1 CL B-2<br>DUE 11/25/2003 0,001<br>11/25/01 INT PYMT</td><td></td><td></td><td>0.0010</td><td></td><td>27,129.95</td></tr><tr><td>12/21/01</td><td>INTEREST ON CREDIT BALANCE<br>AT 1 1/4% 12/11 THRU 12/20</td><td></td><td></td><td>1.2500</td><td></td><td>114.43</td></tr></tbody></table>

027



01/03/02;08:34 001


EFTA00198669



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

Bear, Stearns & Co. Inc.
383 Madison Avenue
New York, New York 10179



CLEARED THROUGH ITS

CLEARLY WOUNDED SUBSIDIARY



6 of 6



Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859





INTERNATIONAL CHARITABLE INTS



## **Transaction Detail** (continued)

STATEMENT PERIOD December 1, 2001



INTEREST (continued)



THROUGH December 31, 2001

AGCOUNT NUMBER

<table><thead><tr><th>DATE</th><th>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>12/21/01</td><td>INTEREST ON CREDIT BALANCE AT 1 1/2% 11/21 THRU 12/10</td><td></td><td></td><td>1.5000</td><td></td><td>191.37</td></tr><tr><td colspan="6">TOTAL</td><td>$27,435.75</td></tr></tbody></table>

TAXPAYER NUMBER On File

| LAST STATEMENT | November 30, 2001 |

| :--- | :--- |

## Your messages



As part of the National Association of Securities Dealer's (NASD) Investor Education Program, you may obtain information on the NASD's Public Disclosure Program by contacting the NASD at telephone number (800) 289-9999 or via the internet address which is www.nasdr.com. In addition, a brochure explaining the Public Disclosure Program is available from the NASD upon request.





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



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