EFTA00198741

OFFICE SERVICING YOUR ACCOUNT

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

| | |

| :--- | :--- |

| 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>Transaction Detail</td><td>4</td></tr><tr><td>Fund Activity</td><td>5</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



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.

## Your Portfolio at a Glance

<table><thead><tr><th>CHANGE SINCE LAST STATEMENT</th><td>-2,011,085</td></tr></thead></table>



INTERNATIONAL CHARITABLE INTS



| NET EQUITY LAST STATEMENT | 2,011,085 |

| :--- | :--- |

| LAST STATEMENT | March 28, 2002 |

| :--- | :--- |

| STATEMENT PERIOD | March 29, 2002 |

| :--- | :--- |

| THROUGH | April 26, 2002 |

ACCOUNT NUMBER

TAXPAYER NUMBER On File

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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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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BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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

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Cash Flow Analysis

<table border="1"><tr><td></td><th>THIS PERIOD</th></tr><tr><td>OpeningBalance</td><td>$557,076.22</td></tr><tr><td>Securities Sold</td><td>193,816.37</td></tr><tr><td>Money Fund</td><td>1,859,803.68</td></tr><tr><td>Dividends/Interest</td><td>59,248.40</td></tr><tr><td></td><td></td></tr><tr><td>Amount Credited</td><td>$2,112,868.45</td></tr><tr><td></td><td></td></tr><tr><td>Securities Bought</td><td>-193,816.37</td></tr><tr><td>Money Fund</td><td>-402,281.22</td></tr><tr><td>Funds Withdrawn</td><td>-152,000.00</td></tr><tr><td>Dividends/Interest Charged</td><td>-58,881.30</td></tr><tr><td>Miscellaneous</td><td>-1,862,965.78</td></tr><tr><td></td><td></td></tr><tr><td>Amount Debited</td><td>$-2,669,944.67</td></tr><tr><td>Net Cash Activity</td><td>-557,076.22</td></tr><tr><td></td><td></td></tr><tr><td>Closing Balance</td><td>$0.00</td></tr><tr><td></td><td></td></tr></table>

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>557,076.22</td><td>0.00</td></tr><tr><td>Net Cash Balance</td><td>$557,076.22</td><td>$0.00</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>3,513.22</td><td>8,878.16</td></tr><tr><td>Govt. Agency Int.</td><td>58,885.04</td><td>154,777.51</td></tr><tr><td>Credit Balance Int.</td><td>363.36</td><td>1,287.78</td></tr><tr><td>Total</td><td>$62,761.62</td><td>$164,943.45</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>March 29, 2002</td></tr></thead><tbody><tr><td>THROUGH</td><td>April 26, 2002</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>March 28, 2002</td></tr></tbody></table>

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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

4 of 7



INTERNATIONAL CHARITABLE INTS





Transaction Detail


STATEMENT PERIOD March 29, 2002

THROUGH April 26, 2002

## INVESTMENT ACTIVITY



ACCOUNT NUMBER



TAXPAYER NUMBER On File

| LAST STATEMENT | March 28, 2002 |

| :--- | :--- |

<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>04/03/02</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>PRN RDCTN 09/25/2001; CASH<br>PD BY WIRE 10/10/2001, DRCT</td><td></td><td>-132,287</td><td></td><td></td><td></td></tr><tr><td>04/09/02</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>REV INC PRN RDCTN 09/25/01<br>ENTRY DTD 04/03/02</td><td></td><td>132,287</td><td></td><td></td><td></td></tr><tr><td>04/09/02</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>COR PRN RDCTN 09/25/01, $<br>CRED DIRECT 10/10/01</td><td></td><td>-132,212</td><td></td><td></td><td></td></tr><tr><td>04/10/02</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>08/25/01 PRN PYMT DUE ACCT</td><td></td><td>-81,875</td><td></td><td></td><td>81,875.23</td></tr><tr><td>04/10/02</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>09/25/01 PRN PYMT DUE ACCT</td><td></td><td>-111,941</td><td></td><td></td><td>111,941.14</td></tr><tr><td>04/15/02</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>RV CSH ON PRN RDCTN 8/25/01<br>PNDNG CLAIM FROM BONY</td><td></td><td></td><td></td><td>81,875.23</td><td></td></tr><tr><td>04/15/02</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>RV CSH ON PRN RDCTN 9/25/01<br>PNDNG CLAIM FROM BONY</td><td></td><td></td><td></td><td>111,941.14</td><td></td></tr></tbody></table>

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04/27/02;12:01 001


EFTA00198745



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 Metrotech Center North Brooklyn, New York 11201-3859



5 of 7



INTERNATIONAL CHARITABLE INTS



STATEMENT PERIOD March 29, 2002

## **Transaction Detail** (continued)

## INVESTMENT ACTIVITY (continued)

<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>04/16/02</td><td></td><td>JOURNAL</td><td>UNITED MTG SECS CORP<br>SERIES 93-1 CL B-2<br>0,001 DUE 11/25/03<br>TO PER LOA</td><td></td><td>-4,161,711</td><td></td><td></td><td></td></tr></tbody></table>

<table border="1"><tr><td>TOTAL</td><td>-193,816.37</td><td>$193,816.37</td></tr></table>

## DEPOSITS AND WITHDRAWALS

## 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>03/29/02</td><td></td><td>OPENINGBALANCE</td><td></td><td>1,454,009.24</td><td></td><td></td><td></td></tr><tr><td>04/01/02</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>2,281.22</td></tr><tr><td>04/01/02</td><td>REINVEST</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVESTED</td><td>DICCX</td><td>2,281.22</td><td></td><td>2,281.22</td><td></td></tr><tr><td>04/10/02</td><td>BOUGHT</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES</td><td>DICCX</td><td>400,000</td><td>1.0000</td><td>400,000.00</td><td></td></tr></tbody></table>

027



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EFTA00198746



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 Metrotech Center North
Brooklyn, New York 11201-3859

6 of 7



INTERNATIONAL CHARITABLE INTS



## Transaction Detail (continued)

STATEMENT PERIOD March 29, 2002

| LAST STATEMENT | March 28, 2002 |

| :--- | :--- |

<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>04/16/02</td><td>SOLD</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES</td><td>DICCX</td><td>-1,856,290.46</td><td>1.0000</td><td></td><td>1,856,290.46</td></tr><tr><td>04/16/02</td><td>DIVIDEND</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIV</td><td>DICCX</td><td></td><td></td><td></td><td>1,232.00</td></tr><tr><td>04/26/02</td><td></td><td>CLOSINGBALANCE</td><td></td><td>0.00</td><td></td><td></td><td></td></tr><tr><td colspan="5">TOTAL</td><td></td><td>-402,281.22</td><td>$1,859,803.68</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>04/10/02</td><td>UNITED MTG SECS CORP<br>SERIES 93-1 CL B-2<br>DUE 11/25/2003 0.001<br>09/25/01 INT PYMT DUE ACCT</td><td></td><td></td><td>0.0010</td><td></td><td>28,354.75</td></tr><tr><td>04/10/02</td><td>UNITED MTG SECS CORP<br>SERIES 93-1 CL B-2<br>DUE 11/25/2003 0.001<br>08/25/01 INT PYMT DUE ACCT</td><td></td><td></td><td>0.0010</td><td></td><td>30,526.55</td></tr><tr><td>04/15/02</td><td>UNITED MTG SECS CORP<br>SERIES 93-1 CL B-2<br>0.001 DUE 11/25/03<br>BEV INT 08/25/01 PNDG CLAIM<br>FROM BONY</td><td></td><td></td><td>0.0010</td><td>28,354.75</td><td></td></tr><tr><td>04/15/02</td><td>UNITED MTG SECS CORP<br>SERIES 93-1 CL B-2<br>0.001 DUE 11/25/03<br>BEV INT 08/25/01 PNDG CLAIM<br>FROM BONY</td><td></td><td></td><td>0.0010</td><td>30,526.55</td><td></td></tr><tr><td>04/16/02</td><td>PREPAY-CR INT 3/21/02-4/15/02</td><td></td><td></td><td></td><td></td><td>363.36</td></tr></tbody></table>

027



04/27/02;12:01 001


EFTA00198747



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



7 of 7



INTERNATIONAL CHARITABLE INTS



## **Transaction Detail** (continued)

STATEMENT PERIOD March 29, 2002



INTEREST (continued)



THROUGH April 26, 2002

TAXPAYER NUMBER On File

| LAST STATEMENT | March 28, 2002 |

| :--- | :--- |

<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>04/25/02</td><td>UNITED MTG SECS CORP<br>SERIES 93-1 CL B-2<br>DUE 11/25/2003 0,001<br>INTEREST PAYMENT 04-25-02</td><td></td><td></td><td>0.0010</td><td></td><td>3.74</td></tr><tr><td colspan="6">TOTAL</td><td>-58,881.30</td><td>$59,248.40</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>04/16/02</td><td>JOURNAL</td><td>TO PER LOA</td><td>1,862,962.04</td><td></td></tr><tr><td>04/26/02</td><td>JOURNAL</td><td>TO TO COMP JRL OF 4/16/02</td><td>3.74</td><td></td></tr><tr><td colspan="3">TOTAL</td><td>-1,862,965.78</td><td></td></tr></tbody></table>





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


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