EFTA00198761

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><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



Your Portfolio at a Glance

There are no "Stop Loss" orders or other pending buy or sell open orders on file for your account.

*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>6</td></tr><tr><td>NET CREDIT BALANCE</td><td>83,387</td></tr><tr><td>MONEY MARKET FUND BALANCE</td><td>1,448,644</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$1,532,037</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>3,772,360</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>-2,240,323</td></tr></table>

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

| LAST STATEMENT | December 31, 2001 |

| :--- | :--- |



INTERNATIONAL CHARITABLE INTS



ACCOUNT NUMBER

Market Value of Your Portfolio

TAXPAYER NUMBER On File

STATEMENT PERIOD January 1, 2002

THROUGH January 25, 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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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>$329,872.73</td></tr><tr><td>Securities Sold</td><td>129,153.59</td></tr><tr><td>Money Fund</td><td>2,006,158.42</td></tr><tr><td>Funds Deposited</td><td>3.80</td></tr><tr><td>Dividends/Interest</td><td>26,356.93</td></tr><tr><td>Amount Credited</td><td>$2,161,672.74</td></tr><tr><td>Money Fund</td><td>-6,158.42</td></tr><tr><td>Funds Withdrawn</td><td>-152,000.00</td></tr><tr><td>Miscellaneous</td><td>-2,250,000.00</td></tr><tr><td>Amount Debited</td><td>$-2,408,158.42</td></tr><tr><td>Net Cash Activity</td><td>-246,485.68</td></tr><tr><td>Closing Balance</td><td>$83,387.05</td></tr></table>

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>329,872.73</td><td>83,387.05</td></tr><tr><td>Net Cash Balance</td><td>$329,872.73</td><td>$83,387.05</td></tr></table>

Income Summary

<table border="1"><tr><td></td><th>THIS PERIOD</th><th>YEAR TO DATE</th></tr><tr><td>Govt. Agency Int.</td><td>26,072.34</td><td>26,072.34</td></tr><tr><td>Credit Balance Int.</td><td>284.59</td><td>284.59</td></tr><tr><td>Total</td><td>$26,356.93</td><td>$26,356.93</td></tr></table>

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>1,532,031</td></tr><tr><td>Total</td><td>$1,532,031</td></tr></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSDIARY



Bear, Steams Securities Corp.

One Metrotech Center North Brooklyn, New York 11201-3859



INTERNATIONAL CHARITABLE INTS



STATEMENT PERIOD January 1, 2002

THROUGH January 25, 2002



ACCOUNT NUMBER



TAXPAYER NUMBER On File

| LAST STATEMENT | December 31, 2001 |

| :--- | :--- |

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

EFTA00198764



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 Mebrotech 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>83,387</td><td></td><td></td></tr><tr><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST. 30 DAY AVG YIELD 1,9500%</td><td>DICCX</td><td>1,448,644.30</td><td>1.0000</td><td>1,448,644</td><td>30,422</td><td>2.1000</td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$1,532,031</td><td>$30,422</td><td></td></tr></tbody></table>

## Your Portfolio Holdings

## CASH & CASH EQUIVALENTS



INTERNATIONAL CHARITABLE INTS



## Government & Agency Obligations

STATEMENT PERIOD January 1, 2002

THROUGH January 25, 2002



ACCOUNT NUMBER



TAXPAYER NUMBER On File

| LAST STATEMENT | December 31, 2001 |

| :--- | :--- |

<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>7,376,883</td><td>Unpriced</td><td></td><td>6</td><td>74</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>$6</td><td>$74</td><td></td></tr><tr><td>TOTAL FIXED INCOME</td><td></td><td></td><td></td><td></td><td>$0</td><td>$6</td><td>$74</td><td></td></tr></tbody></table>

## FIXED INCOME

<table border="1"><tr><td>YOUR TOTAL ACCRUED INTEREST</td><td>$6</td></tr><tr><td>YOUR TOTAL ESTIMATED ANNUAL INCOME</td><td>$30,496</td></tr><tr><td>YOUR PRICED PORTFOLIOHOLDINGS</td><td>$1,532,031</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 WHOLLY OWNED SUBSIDIARY

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

5 of 7



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>01/03/02</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>12/25/01 PRN PYMT</td><td></td><td>-129,154</td><td></td><td></td><td>129,153.59</td></tr><tr><td colspan="8">TOTAL</td><td>$129,153.59</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>01/09/02</td><td>FND WIRED</td><td>MDA CHASE MANHATTAN BANK N.A.</td><td>152,000.00</td><td></td></tr><tr><td>01/16/02</td><td>DEPOSIT</td><td>DEUTSCHE BANC A.B.OO FNCL TR INTL CHARITABLE FIRST UNION NTL A/O 1/15</td><td></td><td>3.80</td></tr><tr><td colspan="3">TOTAL</td><td>-152,000.00</td><td>$3.80</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>01/01/02</td><td></td><td>OPENINGBALANCE</td><td></td><td>3,442,485.88</td><td></td><td></td><td></td></tr><tr><td>01/02/02</td><td>REINVEST</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVESTED</td><td>DICCX</td><td>6,158.42</td><td></td><td>6,158.42</td><td></td></tr><tr><td>01/02/02</td><td>DIVIDEND</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES AMT INCLUDED IN 2001 - 1099</td><td>DICCX</td><td></td><td></td><td></td><td>6,158.42</td></tr><tr><td>01/09/02</td><td>SOLD</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES</td><td>DICCX</td><td>-2,000,000</td><td>1.0000</td><td></td><td>2,000,000.00</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 Metrotech Center North

Brooklyn, New York 11201-3859



6 of 7



INTERNATIONAL CHARITABLE INTS



## **Transaction Detail** (continued)

STATEMENT PERIOD January 1, 2002

MONEY FUND ACTIVITY (continued)

THROUGH January 25, 2002

TAXPAYER NUMBER On File

| LAST STATEMENT | December 31, 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>01/25/02</td><td></td><td>CLOSINGBALANCE</td><td></td><td>1,448,644.30</td><td></td><td></td><td></td></tr><tr><td>TOTAL</td><td></td><td></td><td></td><td></td><td></td><td>-6,158.42</td><td>$2,006,158.42</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>01/03/02</td><td>UNITED MTG SECS CORP<br>SERIES 93-1 CL B-2<br>DUE 11/25/2003 0,001<br>12/25/01 INT PYMT</td><td></td><td></td><td>0.0010</td><td></td><td>26,072.34</td></tr><tr><td>01/22/02</td><td>INTEREST ON CREDIT BALANCE<br>AT 1 1/4% 12/21 THRU 12/30</td><td></td><td></td><td>1.2500</td><td></td><td>114.54</td></tr><tr><td>01/22/02</td><td>INTEREST ON CREDIT BALANCE<br>AT 1 1/4% 12/31 THRU 01/20</td><td></td><td></td><td>1.2500</td><td></td><td>170.05</td></tr><tr><td colspan="6">TOTAL</td><td>$26,356.93</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>01/09/02</td><td>JOURNAL</td><td>TO PER LOA</td><td>2,250,000.00</td><td></td></tr><tr><td colspan="3">TOTAL</td><td>-2,250,000.00</td><td></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


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## Your messages



The interest, if any, charged to your account during December 2001 was computed on the net debit balance through December 30. The interest, if any, charged to your account during January 2002 is computed from December 31, 2001.





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





CLEARED THROUGH ITS

CLEARLY WOUNDED SUBSIDIARY





Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859





INTERNATIONAL CHARITABLE INTS



STATEMENT PERIOD January 1, 2002



ACCOUNT NUMBER



THROUGH January 25, 2002

| LAST STATEMENT | December 31, 2001 |

| :--- | :--- |

TAXPAYER NUMBER On File

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