EFTA00198919

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

Your Portfolio Holdings ... 4

Transaction Detail ... 4

Fund Activity ... 5







INTERNATIONAL CHARITABLE

INTERESTS II DTD 08/30/94

FINCL TR CO INC TTEE *

ATTN JEANIE BRENNAN

6100 RED HOOK QUARTER 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



INTERNATIONAL CHARITABLE



TAXPAYER NUMBER On File

ACCOUNT NUMBER

<table border="1"><tr><td>NET CREDIT BALANCE</td><td>1,834</td></tr><tr><td>MONEY MARKET FUND BALANCE</td><td>5,884,993</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$5,886,827</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>7,742,571</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>-1,855,744</td></tr></table>

STATEMENT PERIOD June 28, 2003

| LAST STATEMENT | June 27, 2003 |

| :--- | :--- |

THROUGH July 25, 2003

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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EFTA00198920



CLEARED THROUGH ITS
WHOLLY OWNED SUBSIDIARY


2 of 5

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



INTERNATIONAL CHARITABLE


STATEMENT BACKER IS PRINTED ON THIS PAGE

027

EFTA00198921



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT
Bear, Stearns & Co. Inc.
383 Madison Avenue
New York, New York 10179

3 of 5

## Cash Flow Analysis

<table border="1"><tr><td></td><td>THIS PERIOD</td></tr><tr><td>OpeningBalance</td><td>$2,405.96</td></tr><tr><td>Money Fund</td><td>1,868,828.21</td></tr><tr><td>Amount Credited</td><td>$1,868,828.21</td></tr><tr><td>Money Fund</td><td>-6,828.21</td></tr><tr><td>Funds Withdrawn</td><td>-116,286.00</td></tr><tr><td>Miscellaneous</td><td>-1,746,286.00</td></tr><tr><td>Amount Debited</td><td>$-1,869,400.21</td></tr><tr><td>Net Cash Activity</td><td>-572.00</td></tr><tr><td>Closing Balance</td><td>$1,833.96</td></tr></table>

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>2,405.96</td><td>1,833.96</td></tr><tr><td>Net Cash Balance</td><td>$2,405.96</td><td>$1,833.96</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>6,828.21</td><td>44,290.18</td></tr><tr><td>Credit Balance Int.</td><td>0.00</td><td>131.13</td></tr><tr><td>Total</td><td>$6,828.21</td><td>$44,421.31</td></tr></table>

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>5,886,827</td></tr><tr><td>Total</td><td>$5,886,827</td></tr></table>

027

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY

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



INTERNATIONAL CHARITABLE



| STATEMENT PERIOD | June 28, 2003 |
| :--- | :--- |
| THROUGH | July 25, 2003 |



07/26/03;10:09 001


<table><thead><tr><th>ACCOUNT NUMBER</th><th></th></tr></thead><tbody><tr><td>TAXPAYER NUMBER</td><td>On File</td></tr><tr><td>LAST STATEMENT</td><td>June 27, 2003</td></tr></tbody></table>

Your Portfolio Allocation

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

EFTA00198922



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT
Bear, Stearns & Co. Inc.
383 Madison Avenue
New York, New York 10179

4 of 5

## Your Portfolio Holdings

## CASH & CASH EQUIVALENTS

<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>1,834</td><td></td><td></td></tr><tr><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD .9100%</td><td>DICXX</td><td>5,884,993.11</td><td>1.0000</td><td>5,884,993</td><td>64,735</td><td>1.1000</td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$5,886,827</td><td>$64,735</td><td></td></tr></tbody></table>

<table border="1"><tr><td>YOUR TOTAL ESTIMATED ANNUAL INCOME</td><td>$64,735</td></tr><tr><td>YOUR PRICED PORTFOLIO HOLDINGS</td><td>$5,886,827</td></tr></table>



Transaction Detail


## 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>07/01/03</td><td>FND WIRED</td><td>MDA# FNDS WIRED TO JPMORGAN CHASE BANK FD</td><td>116,286.00</td><td></td></tr><tr><td colspan="3">TOTAL</td><td>-116,286.00</td><td></td></tr></tbody></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY





Bear, Steams Securities Corp.

One Metrotech Center North Brooklyn, New York 11201-3859



INTERNATIONAL CHARITABLE

STATEMENT PERIOD June 28, 2003

THROUGH July 25, 2003

ACCOUNT NUMBER

TAXPAYER NUMBER On File

| LAST STATEMENT | June 27, 2003 |

| :--- | :--- |

027



07/26/03;10:09 001


EFTA00198923



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 5**



INTERNATIONAL CHARITABLE



## Transaction Detail (continued)

STATEMENT PERIOD June 28, 2003

## MONEY FUND ACTIVITY

THROUGH July 25, 2003

TAXPAYER NUMBER On File

| LAST STATEMENT | June 27, 2003 |

| :--- | :--- |

<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>06/28/03</td><td></td><td>OPENINGBALANCE</td><td></td><td>7,740,164.90</td><td></td><td></td><td></td></tr></tbody></table>

<table border="1"><tr><td>07/01/03</td><td>SOLD</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES</td><td>DICXX</td><td>-1,862,000</td><td>1.0000</td><td></td><td>1,862,000.00</td></tr><tr><td>07/01/03</td><td>DIVIDEND</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND</td><td>DICXX</td><td></td><td></td><td></td><td>6,828.21</td></tr><tr><td>07/01/03</td><td>REINVEST</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVESTED</td><td>DICXX</td><td>6,828.21</td><td></td><td>6,828.21</td><td></td></tr><tr><td>07/25/03</td><td></td><td>CLOSINGBALANCE</td><td></td><td>5,884,993.11</td><td></td><td></td><td></td></tr><tr><td colspan="5">TOTAL</td><td></td><td>-6,828.21</td><td>$1,868,828.21</td></tr></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>07/01/03</td><td>JOURNAL</td><td>TO 047-30185<br>PER LOA</td><td>1,746,286.00</td><td></td></tr><tr><td>TOTAL</td><td></td><td></td><td>-1,746,286.00</td><td></td></tr></tbody></table>

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