Financial Summary	1
Transaction Detail	2

## Cash Flow Analysis

	THIS PERIOD
OpeningBalance	$0.00
Securities Sold	451,018.73
Dividends/Interest	79,862.07
Miscellaneous	3.74
Amount Credited	$530,884.54
Securities Bought	-451,018.73
Dividends/Interest Charged	-79,865.81
Amount Debited	$-530,884.54
ClosingBalance	$0.00

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 Income Summary

	THIS PERIOD	YEAR TO DATE
Dividends	0.00	8,878.16
Govt. Agency Int.	-3.74	154,773.77
Credit Balance Int.	0.00	1,287.78
Total	-3.74	$164,939.71

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. CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Meterotech Center North Brooklyn, New York 11201-3859 INTERNATIONAL CHARITABLE INTS STATEMENT PERIOD April 27, 2002 THROUGH May 31, 2002 ACCOUNT NUMBER | LAST STATEMENT | April 26, 2002 | | :--- | :--- | TAXPAYER NUMBER On File 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. 027 06/01/02:15:46 001 V559 EFTA00198737 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 2 of 5 INTERNATIONAL CHARITABLE INTS Transaction Detail STATEMENT PERIOD April 27, 2002 THROUGH May 31, 2002 ## INVESTMENT ACTIVITY ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | April 26, 2002 | | :--- | :--- |

SERIAL DATE	TRANSACTION	DESCRIPTION	QUANTITY	DEBIT AMOUNT	CREDIT AMOUNT
04/30/02	PRINCIPAL	UNITED MTG SECS CORP SERIES 93-1 CL B-2 0,001 DUE 11/25/03 RV CASH ON PRN ROCTN 8/25/0 040 CRED 9/501 11/2390		81,875.23
04/30/02	PRINCIPAL	UNITED MTG SECS CORP SERIES 93-1 CL B-2 0,001 DUE 11/25/03 REV CASH ON PRN ROCTN 9/25 01.040 CRED 10/10/01 161803		111,941.14
04/30/02	PRINCIPAL	UNITED MTG SECS CORP SERIES 93-1 CL B-2 0,001 DUE 11/25/03 REV ENTRY 04/15/02 NO CASH ON ORIG ENTRY			81,875.23
04/30/02	PRINCIPAL	UNITED MTG SECS CORP SERIES 93-1 CL B-2 0,001 DUE 11/25/03 REV ENTRY 04/15/2002 NO SHARES ON ORIG ENTRY			111,941.14
05/08/02	PRINCIPAL	UNITED MTG SECS CORP SERIES 93-1 CL B-2 0,001 DUE 11/25/03 PRINCIPAL REDUCTN 04-25-02	-133,472
05/08/02	PRINCIPAL	UNITED MTG SECS CORP SERIES 93-1 CL B-2 0,001 DUE 11/25/03 PRINCIPAL PAYMENT 04-25-02			133,471.72
05/09/02	PRINCIPAL	UNITED MTG SECS CORP SERIES 93-1 CL B-2 0,001 DUE 11/25/03 TO CORRECT 04/25/02 PRN	133,472	133,471.72
05/09/02	PRINCIPAL	UNITED MTG SECS CORP SERIES 93-1 CL B-2 0,001 DUE 11/25/03 CORRECT 04/25/02 PRN PYMT	-123,731		123,730.64

| 06/01/02;15:46 | 001 | V559 | | :--- | :--- | :--- | EFTA00198738 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 3 of 5 INTERNATIONAL CHARITABLE INTS ## **Transaction Detail** (continued) STATEMENT PERIOD April 27, 2002 ## INVESTMENT ACTIVITY (continued) THROUGH May 31, 2002 LAST STATEMENT April 26, 2002

SETTLLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
05/10/02		PRINCIPAL	UNITED MTG SECS CORP SERIES 93-1 CL B-2 0,001 DUE 11/25/03 REV 04/25/02 PRN PYMT PAID ON 05/09/02.		123,731		123,730.64

INTEREST

DATE	DESCRIPTION	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
04/30/02	UNITED MTG SECS CORP SERIES 93-1 CL B-2 0.001 DUE 11/25/03 REV INT 09/25/01 FDS CRED 040 AC 10/10/01 PO 161803	0.0010	28,354.75
04/30/02	UNITED MTG SECS CORP SERIES 93-1 CL B-2 0.001 DUE 11/25/03 REV INT 09/25/01 040 CRED DIR 09/05/01 POF 112390	0.0010	30,526.55
04/30/02	UNITED MTG SECS CORP SERIES 93-1 CL B-2 0.001 DUE 11/25/03 REV ENTRY 04/15/2002	0.0010		28,354.75
04/30/02	UNITED MTG SECS CORP SERIES 93-1 CL B-2 0.001 DUE 11/25/03 REV ENTRY 04/15/2002	0.0010		30,526.55
05/09/02	UNITED MTG SECS CORP SERIES 93-1 CL B-2 DUE 11/25/2003 0.001 TO CORRECT 04/25/02 INT	0.0010	3.74
05/09/02	UNITED MTG SECS CORP SERIES 93-1 CL B-2 DUE 11/25/2003 0.001 CORRECT 04/25/02 INT PYMT	0.0010		20,980.77

027 06/01/02;15:46 001 V559 EFTA00198739 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 Metratech Center North Brooklyn, New York 11201-3859 4 of 5 INTERNATIONAL CHARITABLE INTS ## **Transaction Detail** (continued) STATEMENT PERIOD April 27, 2002 INTEREST (continued) THROUGH May 31, 2002 ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | April 26, 2002 | | :--- | :--- |

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
05/10/02	UNITED MTG SECS CORP SERIES 93-1 CL B-2 DUE 11/25/2003 0,001 REV 04/25/02 INT PYMT PAID ON 05/09/02.			0.0010	20,980.77
TOTAL						-79,865.81	$79,862.07

## MISCELLANEOUS

DATE MO/DAY	TRANSACTION	DESCRIPTION	DEBIT AMOUNT	CREDIT AMOUNT
05/22/02	JOURNAL	FROM TO REV JRL OF 4/26/02		3.74
TOTAL					$3.74

******* End of Statement******* 027 06/01/02;15:46 001 V559 EFTA00198740 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY **5 of 5** Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 STATEMENT BACKER IS PRINTED ON THIS PAGE INTERNATIONAL CHARITABLE INTS 027