EFTA00198755

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>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></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>LONG ACCRUED INTEREST</td><td>5</td></tr><tr><td>NET CREDIT BALANCE</td><td>307,421</td></tr><tr><td>MONEY MARKET FUND BALANCE</td><td>1,451,901</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$1,759,327</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>1,532,037</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>227,290</td></tr><tr><td colspan="2">*This portfolio includes one or more unpriced securities that are not</td></tr></table>

| LAST STATEMENT | January 25, 2002 |

| :--- | :--- |

ACCOUNT NUMBER



INTERNATIONAL CHARITABLE INTS



TAXPAYER NUMBER On File

THROUGH February 22, 2002

STATEMENT PERIOD January 26, 2002

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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EFTA00198757



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>$83,387.05</td></tr><tr><td>Securities Sold</td><td>192,123.49</td></tr><tr><td>Money Fund</td><td>3,257.13</td></tr><tr><td>Funds Deposited</td><td>6,883.46</td></tr><tr><td>Dividends/Interest</td><td>25,027.43</td></tr><tr><td>Amount Credited</td><td>$227,291.51</td></tr><tr><td>Money Fund</td><td>-3,257.13</td></tr><tr><td>Amount Debited</td><td>$-3,257.13</td></tr><tr><td>Net Cash Activity</td><td>224,034.38</td></tr><tr><td>Closing Balance</td><td>$307,421.43</td></tr></table>

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>83,387.05</td><td>307,421.43</td></tr><tr><td>Net Cash Balance</td><td>$83,387.05</td><td>$307,421.43</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>3,257.13</td><td>3,257.13</td></tr><tr><td>Govt. Agency Int.</td><td>24,783.47</td><td>50,855.81</td></tr><tr><td>Credit Balance Int.</td><td>243.96</td><td>528.55</td></tr><tr><td>Total</td><td>$28,284.56</td><td>$54,641.49</td></tr></table>

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>1,759,322</td></tr><tr><td>Total</td><td>$1,759,322</td></tr></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSDIARY



Bear, Steams Securities Corp.

One Metrotech Center North Brooklyn, New York 11201-3859

STATEMENT PERIOD January 26, 2002



INTERNATIONAL CHARITABLE INTS



THROUGH February 22, 2002



ACCOUNT NUMBER



TAXPAYER NUMBER On File

Your Portfolio Allocation

| LAST STATEMENT | January 25, 2002 |

| :--- | :--- |



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

EFTA00198758



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 6

<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>307,421</td><td></td><td></td></tr><tr><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST. 30 DAY AVG YIELD 1,9000%</td><td>DICCX</td><td>1,451,901.43</td><td>1.0000</td><td>1,451,901</td><td>29,038</td><td>2.0000</td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$1,759,322</td><td>$29,038</td><td></td></tr></tbody></table>

## Your Portfolio Holdings

## CASH & CASH EQUIVALENTS



INTERNATIONAL CHARITABLE INTS



STATEMENT PERIOD January 26, 2002

## Government & Agency Obligations

THROUGH February 22, 2002



ACCOUNT NUMBER



| LAST STATEMENT | January 25, 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>7,184,760</td><td>Unpriced</td><td></td><td>5</td><td>72</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>$5</td><td>$72</td><td></td></tr><tr><td>TOTAL FIXED INCOME</td><td></td><td></td><td></td><td></td><td>$0</td><td>$5</td><td>$72</td><td></td></tr></tbody></table>

## FIXED INCOME

<table border="1"><tr><td>YOUR TOTAL ACCRUED INTEREST</td><td>$5</td></tr><tr><td>YOUR TOTAL ESTIMATED ANNUAL INCOME</td><td>$29,110</td></tr><tr><td>YOUR PRICED PORTFOLIOHOLDINGS</td><td>$1,759,322</td></tr></table>

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02/23/02;10:07 001


EFTA00198759



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 Metrotech Center North Brooklyn, New York 11201-3859

5 of 6



INTERNATIONAL CHARITABLE INTS





Transaction Detail


## INVESTMENT ACTIVITY

<table><thead><tr><th>SETLEMENT 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>02/01/02</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>01/25/02 PRN PYMT</td><td></td><td>-192,123</td><td></td><td></td><td>192,123.49</td></tr><tr><td colspan="8">TOTAL</td><td>$192,123.49</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>02/06/02</td><td>DEPOSIT</td><td>CANDIE&#39;S INC OO<br>INTERNATIONAL CHARITABLE<br>INTERESTS I STERLING NAT BK</td><td></td><td>6,883.46</td></tr><tr><td colspan="4">TOTAL</td><td>$6,883.46</td></tr></tbody></table>

## 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>01/26/02</td><td></td><td>OPENINGBALANCE</td><td></td><td>1,448,644.30</td><td></td><td></td><td></td></tr><tr><td>02/01/02</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>3,257.13</td></tr><tr><td>02/01/02</td><td>REINVEST</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVESTED</td><td>DICCX</td><td>3,257.13</td><td></td><td>3,257.13</td><td></td></tr><tr><td>02/22/02</td><td></td><td>CLOSINGBALANCE</td><td></td><td>1,451,901.43</td><td></td><td></td><td></td></tr><tr><td colspan="5">TOTAL</td><td></td><td>-3,257.13</td><td>$3,257.13</td></tr></tbody></table>

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EFTA00198760



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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



CLEARED THROUGH ITS
CLEARLY WOUNDED SUBSIDIARY



6 of 6

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859



INTERNATIONAL CHARITABLE INTS



## **Transaction Detail** (continued)



INTEREST



STATEMENT PERIOD January 26, 2002

THROUGH February 22, 2002

ACCOUNT NUMBER

TAXPAYER NUMBER On File

<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>02/01/02</td><td>UNITED MTG SECS CORP<br>SERIES 93-1 CL B-2<br>DUE 11/25/2003 0,001<br>01/25/02 INT PYMT</td><td></td><td></td><td>0.0010</td><td></td><td>24,783.47</td></tr><tr><td>02/21/02</td><td>INTEREST ON CREDIT BALANCE<br>AT 1 1/4% 01/21 THRU 02/20</td><td></td><td></td><td>1.2500</td><td></td><td>243.96</td></tr><tr><td colspan="6">TOTAL</td><td>$25,027.43</td></tr></tbody></table>

| LAST STATEMENT | January 25, 2002 |

| :--- | :--- |





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


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