EFTA00198682


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

| | |

| :--- | :--- |

| ACCOUNT EXECUTIVE | ZICHERMAN,IRA |

| TELEPHONE | |

| VISIT OUR WEBSITE | www.bearstearns.com |

## What’s In This Statement

<table><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



CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY



There are no "Stop Loss" orders or other pending buy or sell open orders on file for your account.

Your Portfolio at a Glance

*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>557,257</td></tr><tr><td>MONEY MARKET FUND BALANCE</td><td>2,920,348</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$3,477,606</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>3,355,001</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>122,606</td></tr></table>

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859



INTERNATIONAL CHARITABLE INTS



| LAST STATEMENT | August 31, 2001 |

| :--- | :--- |

ACCOUNT NUMBER

TAXPAYER NUMBER On File

STATEMENT PERIOD September 1, 2001

THROUGH September 28, 2001

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.

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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EFTA00198683



CLEARED THROUGH ITS
WHOLLY OWNED SUBSIDIARY




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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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EFTA00198684



BEAR
STEARNS


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

3 of 7

Cash Flow Analysis

<table border="1"><tr><td></td><td>THIS PERIOD</td></tr><tr><td>OpeningBalance</td><td>$443,648.62</td></tr><tr><td>Money Fund</td><td>8,996.59</td></tr><tr><td>Funds Deposited</td><td>112,390.00</td></tr><tr><td>Dividends/Interest</td><td>1,218.72</td></tr><tr><td>Amount Credited</td><td>$122,605.31</td></tr><tr><td>Money Fund</td><td>-8,996.59</td></tr><tr><td>Amount Debited</td><td>$-8,996.59</td></tr><tr><td>Net Cash Activity</td><td>113,608.72</td></tr><tr><td>Closing Balance</td><td>$557,257.34</td></tr></table>

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>443,648.62</td><td>557,257.34</td></tr><tr><td>Net Cash Balance</td><td>$443,648.62</td><td>$557,257.34</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>8,996.59</td><td>20,347.75</td></tr><tr><td>Credit Balance Int.</td><td>1,218.72</td><td>8,203.87</td></tr><tr><td>Total</td><td>$10,215.31</td><td>$28,551.62</td></tr></table>

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>3,477,605</td></tr><tr><td>Total</td><td>$3,477,605</td></tr></table>

027

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY

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



INTERNATIONAL CHARITABLE INTS



STATEMENT PERIOD September 1, 2001

THROUGH September 28, 2001

| ACCOUNT NUMBER | |
| :--- | :---|
| TAXPAYER NUMBER | On File |
| LAST STATEMENT | August 31, 2001 |



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Unshaded portions denote debit balance and/or short market values. The allocation percentage is derived from the absolute market value of your portfolio.

EFTA00198685



BEAR
STEARNS


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



CLEARED THROUGH ITS
WHOLLY OWNED SUBSDIARY


Bear, Steams Securities Corp.

One Meterotech Center North Brooklyn, New York 11201-3859

4 of 7

## Your Portfolio Holdings



INTERNATIONAL CHARITABLE INTS



<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>557,257</td><td></td><td></td></tr><tr><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES</td><td>DICCX</td><td>2,920,347.75</td><td>1.0000</td><td>2,920,348</td><td>108,053</td><td>3.7000</td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$3,477,605</td><td>$108,053</td><td></td></tr></tbody></table>

## CASH & CASH EQUIVALENTS

STATEMENT PERIOD September 1, 2001

THROUGH September 28, 2001

AGCOUNT NUMBER

TAXPAYER NUMBER On File

Government & Agency Obligations

| LAST STATEMENT | August 31, 2001 |

| :--- | :--- |

## FIXED INCOME

<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>7,587,000</td><td>Unpriced</td><td></td><td>1</td><td>76</td><td></td></tr><tr><td>SERIES 93-1 CL B-2<br>DATED DATE 11/26/93<br>BOOK ENTRY ONLY<br>DUE 11/25/2003 .001%<br>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>$76</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>$76</td><td></td></tr></tbody></table>

<table border="1"><tr><td>YOUR TOTAL ACCRUED INTEREST</td><td>$1</td></tr><tr><td>YOUR TOTAL ESTIMATED ANNUAL INCOME</td><td>$108,129</td></tr><tr><td>YOUR PRICED PORTFOLIOHOLDINGS</td><td>$3,477,605</td></tr></table>

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EFTA00198686



BEAR
STEARNS


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



CLEARED THROUGH ITS
CLEARLY WOUNDED SUBSIDIARY





Bear, Steams Securities Corp.

One Metrotech Center North Brooklyn, New York 11201-3859



**5 of 7**



INTERNATIONAL CHARITABLE INTS





Transaction Detail


STATEMENT PERIOD September 1, 2001

## DEPOSITS AND WITHDRAWALS

THROUGH September 28, 2001



ACCOUNT NUMBER



<table><thead><tr><th>DATE</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>09/05/01</td><td>FUNDS REC</td><td>FNDS WIRED TO CITIBANK FROM BK OF NYC</td><td></td><td>112,390.00</td></tr><tr><td></td><td></td><td>F</td><td></td><td></td></tr><tr><td colspan="4">TOTAL</td><td>$112,390.00</td></tr></tbody></table>

TAXPAYER NUMBER On File

| LAST STATEMENT | August 31, 2001 |

| :--- | :--- |

## 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>09/01/01</td><td></td><td>OPENINGBALANCE</td><td></td><td>2,911,351.16</td><td></td><td></td><td></td></tr><tr><td>09/04/01</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>8,996.59</td></tr><tr><td>09/04/01</td><td>REINVEST</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVESTED</td><td>DICCX</td><td>8,996.59</td><td></td><td>8,996.59</td><td></td></tr><tr><td>09/28/01</td><td></td><td>CLOSINGBALANCE</td><td></td><td>2,920,347.75</td><td></td><td></td><td></td></tr><tr><td colspan="5">TOTAL</td><td></td><td>$-8,996.59</td><td>$8,996.59</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>09/21/01</td><td>INTEREST ON CREDIT BALANCE AT 0 1/2% 09/19 THRU 09/19</td><td></td><td></td><td>0.5000</td><td></td><td>7.72</td></tr><tr><td>09/21/01</td><td>INTEREST ON CREDIT BALANCE AT 1 1/2% 09/20 THRU 09/20</td><td></td><td></td><td>1.5000</td><td></td><td>23.17</td></tr></tbody></table>

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EFTA00198687



BEAR
STEARNS


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



CLEARED THROUGH ITS
CLEARLY WOUNDED SUBSIDIARY



6 of 7

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859



INTERNATIONAL CHARITABLE INTS



## **Transaction Detail** (continued)

STATEMENT PERIOD September 1, 2001



INTEREST (continued)



THROUGH September 28, 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>09/21/01</td><td>INTEREST ON CREDIT BALANCE AT 2 1/2% 09/17 THRU 09/18</td><td></td><td></td><td>2.5000</td><td></td><td>77.23</td></tr><tr><td>09/21/01</td><td>INTEREST ON CREDIT BALANCE AT 3,000% 08/21 THRU 09/16</td><td></td><td></td><td>3.0000</td><td></td><td>1,110.60</td></tr><tr><td colspan="6">TOTAL</td><td>$1,218.72</td></tr></tbody></table>

TAXPAYER NUMBER On File

| LAST STATEMENT | August 31, 2001 |

| :--- | :--- |

## Your messages



This statement is provided to explain Bear, Stearns & Co., Inc.'s ("BSC") payment for order flow practices,

BSC routes a majority of orders for customer securities transactions to the primary market for such securities. Orders may also be routed to other market service vendors that assure executions pursuant to complex mathematical formulas at better than the national best bid or best offer (NBBO). BSC receives no cash payment or other consideration for such order routing other than favorable executions or executions of limit orders at no additional charge.



Beginning October 31, 2001, you may request the identity of the venue to which any of your orders were routed for execution (if the order was within the six months prior to the request or July 2, 2001, whichever is a later date), whether the order was directed by you to that venue, and the time of the executions, if any, that resulted from such orders.

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EFTA00198688



BEAR
STEARNS


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



CLEARED THROUGH ITS
CLEARLY WOUNDED SUBSIDIARY



7 of 7



Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859



## Bear, Stearns Securities Corp, Net Capital and Net Capital Requirements:

At May 25, 2001 and July 27, 2001, the Company's net capital of $2.7 billion and $2.7 billion was approximately 8.9% and 9.2% of aggregate debit items and exceeded the minimum regulatory net capital requirement of $605.5 million and $585.5 million by $2.1 billion and $2.1 billion, all respectively,





INTERNATIONAL CHARITABLE INTS



A complete copy of the Bear, Stearns Securities Corp. Statement of Financial Condition is available on the web site www.bearstearns.com. Alternatively, to request a free printed copy please call -toll free 1-866-299-9331

STATEMENT PERIOD September 1, 2001

TAXPAYER NUMBER On File

| LAST STATEMENT | August 31, 2001 |

| :--- | :--- |

THROUGH September 28, 2001

ACCOUNT NUMBER



Securities and other assets in your account are the firm's collateral for any margin loan made to you. If the securities and other assets in your account decline in value, so does the value of the collateral supporting your loan, and, as a result, the firm can take action, such as issue a margin call and/or sell securities or other assets in any of your accounts held with the member, in order to maintain the required equity in the account. It is important that you fully understand the risks involved in trading securities on margin. These risks include the following:

You can lose more funds than you deposited in the margin account.

The firm can force the sale of securities or other assets in your account(s).

The firm can sell your securities or other assets without contacting you.

You are not entitled to choose which securities or other assets in your account(s) are liquidated or sold to meet a margin call.

The firm can increase it's "house" maintenance requirements at any time and is not required to provide you advance written notice.

You are not entitled to an extension of time on a margin c



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


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