EFTA00198748

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><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>6</td></tr><tr><td>Your Messages</td><td>7</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

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

*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>557,076</td></tr><tr><td>MONEY MARKET FUND BALANCE</td><td>1,454,009</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$2,011,085</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>1,759,327</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>251,758</td></tr></table>

| LAST STATEMENT | February 22, 2002 |

| :--- | :--- |



INTERNATIONAL CHARITABLE INTS



TAXPAYER NUMBER On File

ACCOUNT NUMBER

STATEMENT PERIOD February 23, 2002

Market Value of Your Portfolio

THROUGH March 28, 2002

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><td>THIS PERIOD</td></tr><tr><td>OpeningBalance</td><td>$307,421.43</td></tr><tr><td>Securities Sold</td><td>363,341.24</td></tr><tr><td>Money Fund</td><td>2,107.81</td></tr><tr><td>Dividends/Interest</td><td>45,432.53</td></tr><tr><td>Amount Credited</td><td>$410,881.58</td></tr><tr><td>Securities Bought</td><td>-159,112.99</td></tr><tr><td>Money Fund</td><td>-2,107.81</td></tr><tr><td>Dividends/Interest Charged</td><td>-5.99</td></tr><tr><td>Amount Debited</td><td>$-161,226.79</td></tr><tr><td>Net Cash Activity</td><td>249,654.79</td></tr><tr><td>ClosingBalance</td><td>$557,076.22</td></tr></table>

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>307,421.43</td><td>557,076.22</td></tr><tr><td>Net Cash Balance</td><td>$307,421.43</td><td>$557,076.22</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>2,107.81</td><td>5,364.94</td></tr><tr><td>Govt. Agency Int.</td><td>45,036.66</td><td>95,892.47</td></tr><tr><td>Credit Balance Int.</td><td>395.87</td><td>924.42</td></tr><tr><td>Total</td><td>$47,540.34</td><td>$102,181.83</td></tr></table>

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>2,011,085</td></tr><tr><td>Total</td><td>$2,011,085</td></tr></table>

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY

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



INTERNATIONAL CHARITABLE INTS



| STATEMENT PERIOD | February 23, 2002 |
| :--- | :--- |
| THROUGH | March 28, 2002 |

TAXPAYER NUMBER On File



| LAST STATEMENT | February 22, 2002 |

| :--- | :--- |

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

EFTA00198751



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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



CLEARED THROUGH ITS
CLEARLY WOUNDED SUBSIDIARY



4 of 7

Bear, Steams Securities Corp.

One Metrotech 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>557,076</td><td></td><td></td></tr><tr><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 1,8500%</td><td>DICCX</td><td>1,454,009.24</td><td>1.0000</td><td>1,454,009</td><td>24,718</td><td>1.7000</td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$2,011,085</td><td>$24,718</td><td></td></tr></tbody></table>

## Your Portfolio Holdings

## CASH & CASH EQUIVALENTS



INTERNATIONAL CHARITABLE INTS



STATEMENT PERIOD February 23, 2002

## Government & Agency Obligations

THROUGH March 28, 2002



ACCOUNT NUMBER



| LAST STATEMENT | February 22, 2002 |

| :--- | :--- |

TAXPAYER NUMBER On File

<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>4,487,739</td><td>Unpriced</td><td></td><td></td><td>45</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>$0</td><td>$45</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>$45</td><td></td></tr></tbody></table>

## FIXED INCOME

<table border="1"><tr><td>YOUR TOTAL ESTIMATED ANNUAL INCOME</td><td>$24,763</td></tr><tr><td>YOUR PRICED PORTFOLIOHOLDINGS</td><td>$2,011,085</td></tr></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

**5 of 7**



INTERNATIONAL CHARITABLE INTS





Transaction Detail


STATEMENT PERIOD February 23, 2002

THROUGH March 28, 2002

## INVESTMENT ACTIVITY



ACCOUNT NUMBER



TAXPAYER NUMBER On File

| LAST STATEMENT | February 22, 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>02/27/02</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>PRINCIPAL REDUCTN 02-26-02</td><td></td><td>-159,113</td><td></td><td></td><td></td></tr><tr><td>02/27/02</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>PAY PRN 02/25/02</td><td></td><td>-96,688</td><td></td><td></td><td>96,687.69</td></tr><tr><td>02/27/02</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>PRINCIPAL PAYMENT 02-26-02</td><td></td><td></td><td></td><td></td><td>159,112.99</td></tr><tr><td>02/28/02</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 DUP PRN 02/25/02</td><td></td><td>159,113</td><td></td><td>159,112.99</td><td></td></tr><tr><td>03/04/02</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>ADJ TO CUR VAL A/O 07/01</td><td></td><td>-2,374,308</td><td></td><td></td><td></td></tr><tr><td>03/07/02</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>ADJ POS VS FREE RECEIVE</td><td></td><td>-118,484</td><td></td><td></td><td></td></tr><tr><td>03/28/02</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>03/25/02 PRN PYMT</td><td></td><td>-107,541</td><td></td><td></td><td>107,540.56</td></tr><tr><td colspan="6">TOTAL</td><td>-159,112.99</td><td colspan="2">$363,341.24</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 WHOLLY OWNED SUBSIDIARY

Bear, Stearns Securities Corp.
One Metratech Center North
Brooklyn, New York 11201-3859

6 of 7



INTERNATIONAL CHARITABLE INTS



## Transaction Detail (continued)

STATEMENT PERIOD February 23, 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>02/23/02</td><td></td><td>OPENINGBALANCE</td><td></td><td>1,451,901.43</td><td></td><td></td><td></td></tr><tr><td>03/01/02</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>2,107.81</td></tr><tr><td>03/01/02</td><td>REINVEST</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVESTED</td><td>DICCX</td><td>2,107.81</td><td></td><td>2,107.81</td><td></td></tr><tr><td>03/28/02</td><td></td><td>CLOSINGBALANCE</td><td></td><td>1,454,009.24</td><td></td><td></td><td></td></tr><tr><td colspan="6">TOTAL</td><td>-2,107.81</td><td>$2,107.81</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>02/27/02</td><td>UNITED MTG SECS CORP<br>SERIES 93-1 CL B-2<br>DUE 11/25/2003 0.001<br>INTEREST PAYMENT 02/26/02</td><td></td><td></td><td>0.0010</td><td></td><td>5.99</td></tr><tr><td>02/27/02</td><td>UNITED MTG SECS CORP<br>SERIES 93-1 CL B-2<br>DUE 11/25/2003 0.001<br>PAY INT 02/25/02</td><td></td><td></td><td>0.0010</td><td></td><td>23,051.33</td></tr><tr><td>02/28/02</td><td>UNITED MTG SECS CORP<br>SERIES 93-1 CL B-2<br>0.001 DUE 11/25/03<br>REV DUP INT 02/25/02</td><td></td><td></td><td>0.0010</td><td>5.99</td><td></td></tr><tr><td>03/21/02</td><td>INTEREST ON CREDIT BALANCE<br>AT 1 1/4% 02/21 THRU 03/20</td><td></td><td></td><td>1.2500</td><td></td><td>395.87</td></tr><tr><td>03/28/02</td><td>UNITED MTG SECS CORP<br>SERIES 93-1 CL B-2<br>DUE 11/25/2003 0.001<br>03/25/02 INT PYMT</td><td></td><td></td><td>0.0010</td><td></td><td>21,979.34</td></tr><tr><td colspan="5">TOTAL</td><td>-5.99</td><td>$45,432.53</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



7 of 7



Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859





INTERNATIONAL CHARITABLE INTS



## Your messages

Pursuant to SEC Rule 11Ac1-6, Bear, Stearns & Co., Inc will publicly post its quarterly routing statistics at the following web link: http://www.bearstearns.com/corporate/business/equities/orp.htm

| STATEMENT PERIOD | February 23, 2002 |

| :--- | :--- |

| THROUGH | March 28, 2002 |





| LAST STATEMENT | February 22, 2002 |

| :--- | :--- |

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

At November 30, 2001 and January 31, 2002, the Company's net capital of approximately $2.6 billion and $2.6 billion was approximately 9% and 8% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $604.1 million and $648.0 million by approximately $2.0 billion and $2.0 billion, all respectively.

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.



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


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