EFTA00198694

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

Financial Summary 3

Your Portfolio Holdings ... 4

Transaction Detail ... 5

Fund Activity 5





# 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.

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

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>NET CREDIT BALANCE</td><td>292,666</td></tr><tr><td>MONEY MARKET FUND BALANCE</td><td>2,901,909</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$3,194,575</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>2,972,781</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>221,794</td></tr></table>



INTERNATIONAL CHARITABLE INTS



TAXPAYER NUMBER On File

| LAST STATEMENT | June 29, 2001 |

| :--- | :--- |

ACCOUNT NUMBER

STATEMENT PERIOD June 30, 2001

Market Value of Your Portfolio

THROUGH July 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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EFTA00198695




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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EFTA00198696



BEAR
STEARNS


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

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Cash Flow Analysis

<table border="1"><tr><td></td><td>THIS PERIOD</td></tr><tr><td>OpeningBalance</td><td>$72,781.33</td></tr><tr><td>Money Fund</td><td>1,909.42</td></tr><tr><td>Funds Deposited</td><td>2,315,486.62</td></tr><tr><td>Dividends/Interest</td><td>573.98</td></tr><tr><td>Miscellaneous</td><td>141,124.95</td></tr><tr><td>Amount Credited</td><td>$2,459,094.97</td></tr><tr><td>Money Fund</td><td>-1,909.42</td></tr><tr><td>Funds Withdrawn</td><td>-139,831.00</td></tr><tr><td>Miscellaneous</td><td>-2,097,470.00</td></tr><tr><td>Amount Debited</td><td>$-2,239,210.42</td></tr><tr><td>Net Cash Activity</td><td>219,884.55</td></tr><tr><td>Closing Balance</td><td>$292,665.88</td></tr></table>

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>72,781.33</td><td>292,665.88</td></tr><tr><td>Net Cash Balance</td><td>$72,781.33</td><td>$292,665.88</td></tr></table>

Income Summary

<table border="1"><tr><td></td><th>THIS PERIOD</th><th>YEAR TO DATE</th></tr><tr><td>Dividends</td><td>1,909.42</td><td>1,909.42</td></tr><tr><td>Credit Balance Int.</td><td>573.98</td><td>6,003.69</td></tr><tr><td>Total</td><td>$2,483.40</td><td>$7,913.11</td></tr></table>

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>3,194,575</td></tr><tr><td>Total</td><td>$3,194,575</td></tr></table>

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859



INTERNATIONAL CHARITABLE INTS



<table><thead><tr><th>STATEMENT PERIOD</th><td>June 30, 2001</td></tr></thead><tbody><tr><td>THROUGH</td><td>July 27, 2001</td></tr><tr><td>ACCOUNT NUMBER</td><td></td></tr><tr><td>TAXPAYER NUMBER</td><td>On File</td></tr><tr><td>LAST STATEMENT</td><td>June 29, 2001</td></tr></tbody></table>

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

EFTA00198697



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 Meterotech Center North Brooklyn, New York 11201-3859

4 of 6



INTERNATIONAL CHARITABLE INTS



## Your Portfolio Holdings

## CASH & CASH EQUIVALENTS

STATEMENT PERIOD June 30, 2001

<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>292,666</td><td></td></tr><tr><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES</td><td>DICCX</td><td>2,901,909.42</td><td>1.0000</td><td>2,901,909</td><td>118,978</td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$3,194,575</td><td>$118,978</td></tr></tbody></table>

THROUGH July 27, 2001



ACCOUNT NUMBER



TAXPAYER NUMBER On File

| LAST STATEMENT | June 29, 2001 |

| :--- | :--- |

## FIXED INCOME

Government & Agency Obligations

<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></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>$0</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>$0</td><td>$76</td><td></td></tr></tbody></table>

<table border="1"><tr><td>YOUR TOTAL ESTIMATED ANNUAL INCOME</td><td>$119,054</td></tr><tr><td>YOUR PRICED PORTFOLIOHOLDINGS</td><td>$3,194,574</td></tr></table>

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07/28/01;10:18 001


EFTA00198698



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 Meterotech Center North Brooklyn, New York 11201-3859



**5 of 6**



INTERNATIONAL CHARITABLE INTS





Transaction Detail


## 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>07/06/01</td><td></td><td>RECEIVED</td><td>UNITED MTG SECS CORP<br>SERIES 93-1 CL B-2<br>0,001 DUE 11/25/03<br>DUE 11/25/2003 0,001</td><td></td><td>7,587,000</td><td></td><td></td><td></td></tr></tbody></table>

## DEPOSITS AND WITHDRAWALS

<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>07/02/01</td><td>FND WIRED</td><td>MDA JP MORGAN BANK -1 $ COMING FROM REPO</td><td>139,831.00</td><td></td></tr><tr><td>07/02/01</td><td>FUNDS REC</td><td>FNDS WIRED TO CITIBANK FROM CTC NJ</td><td></td><td>2,315,486.62</td></tr><tr><td colspan="3">TOTAL</td><td>-139,831.00</td><td>$2,315,486.62</td></tr></tbody></table>

## MONEY FUND ACTIVITY

<table border="1"><tr><td>MO/DAY</td><td>TRANSACTION</td><td>DESCRIPTION</td><td>SYMBOL/CUSIP</td><td>QUANTITY</td><td>PRICE</td><td>DEBIT AMOUNT</td><td>CREDIT AMOUNT</td></tr><tr><td>06/30/01</td><td></td><td>OPENINGBALANCE</td><td></td><td>2,900,000</td><td></td><td></td><td></td></tr><tr><td>07/02/01</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>1,909.42</td></tr><tr><td>07/02/01</td><td>REINVEST</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVESTED</td><td>DICCX</td><td>1,909.42</td><td></td><td>1,909.42</td><td></td></tr></table>

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07/28/01;10:18 001


EFTA00198699



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 Metratech Center North

Brooklyn, New York 11201-3859



6 of 6



INTERNATIONAL CHARITABLE INTS



## **Transaction Detail** (continued)

STATEMENT PERIOD June 30, 2001

THROUGH July 27, 2001

MONEY FUND ACTIVITY (continued)

TAXPAYER NUMBER On File

| LAST STATEMENT | June 29, 2001 |

| :--- | :--- |

<table border="1"><tr><td>DATE MO/DAY</td><td>TRANSACTION</td><td>DESCRIPTION</td><td>SYMBOL/CUSIP</td><td>QUANTITY</td><td>PRICE</td><td>DEBIT AMOUNT</td><td>CREDIT AMOUNT</td></tr><tr><td>07/27/01</td><td></td><td>CLOSINGBALANCE</td><td></td><td>2,901,909.42</td><td></td><td></td><td></td></tr><tr><td>TOTAL</td><td></td><td></td><td></td><td></td><td></td><td>-1,909.42</td><td>$1,909.42</td></tr></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>07/23/01</td><td>INTEREST ON CREDIT BALANCE AT 3 1/2% 06/21 THRU 06/26</td><td></td><td></td><td>3.5000</td><td></td><td>91.07</td></tr><tr><td>07/23/01</td><td>INTEREST ON CREDIT BALANCE AT 3 1/4% 06/27 THRU 07/20</td><td></td><td></td><td>3.2500</td><td></td><td>482.91</td></tr><tr><td colspan="6">TOTAL</td><td>$573.98</td></tr></tbody></table>

## MISCELLANEOUS

<table><thead><tr><th>DATE MO/DAY</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>07/02/01</td><td>JOURNAL</td><td>TO PER LOA</td><td>2,097,470.00</td><td></td></tr><tr><td>07/06/01</td><td>RECEIVED</td><td>BALANCE TRANSFERRED</td><td></td><td>141,124.95</td></tr><tr><td colspan="3">TOTAL</td><td>-2,097,470.00</td><td>$141,124.95</td></tr></tbody></table>



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



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