EFTA00198982


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

Financial Summary 3

Your Portfolio Holdings ... 4

Transaction Detail 4

Fund Activity 4





# 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



Your Portfolio at a Glance

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

TAXPAYER NUMBER On File

| LAST STATEMENT | June 30, 2004 |

| :--- | :--- |

ACCOUNT NUMBER

<table border="1"><tr><td>NET CREDIT BALANCE</td><td>965</td></tr><tr><td>MONEY MARKET FUND BALANCE</td><td>27,361,892</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$27,362,857</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>29,763,739</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>-2,400,882</td></tr></table>

STATEMENT PERIOD July 1, 2004



INTERNATIONAL CHARITABLE



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

THROUGH July 30, 2004

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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EFTA00198983



CLEARED THROUGH ITS
WHOLLY OWNED SUBSIDIARY


2 of 5

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

STATEMENT BACKER IS PRINTED ON THIS PAGE



INTERNATIONAL CHARITABLE


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EFTA00198984



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><th>THIS PERIOD</th></tr><tr><td>Opening Balance</td><td>$964.97</td></tr><tr><td>Money Fund</td><td>2,444,811.19</td></tr><tr><td>Amount Credited</td><td>$2,444,811.19</td></tr><tr><td>Money Fund</td><td>-21,964.19</td></tr><tr><td>Miscellaneous</td><td>-2,422,847.00</td></tr><tr><td>Amount Debited</td><td>$-2,444,811.19</td></tr><tr><td>Closing Balance</td><td>$964.97</td></tr></table>

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>964.97</td><td>964.97</td></tr><tr><td>Net Cash Balance</td><td>$964.97</td><td>$964.97</td></tr></table>

<table border="1"><tr><td></td><th>THIS PERIOD</th><th>YEAR TO DATE</th></tr><tr><td>Dividends</td><td>21,964.19</td><td>80,171.16</td></tr><tr><td>Total</td><td>$21,964.19</td><td>$80,171.16</td></tr></table>

Income Summary

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>27,362,857</td></tr><tr><td>Total</td><td>$27,362,857</td></tr></table>

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY

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



INTERNATIONAL CHARITABLE



STATEMENT PERIOD July 1, 2004

THROUGH July 30, 2004

<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 30, 2004</td></tr></tbody></table>

Your Portfolio Allocation

EFTA00198985



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

4 of 5

Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost. Customers can access this research at www.bearstearns.com or can call (800) 517-2327 to request that a copy of this research be sent to them.

## Your Portfolio Holdings

INTERNATIONAL CHARITABLE

STATEMENT PERIOD July 1, 2004

## CASH & CASH EQUIVALENTS

THROUGH July 30, 2004



ACCOUNT NUMBER



TAXPAYER NUMBER On File

| LAST STATEMENT | June 30, 2004 |

| :--- | :--- |

<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 colspan="7">CASH BALANCE</td></tr><tr><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 1,1400%</td><td>DICXX</td><td>27,361,891.63</td><td>1.0000</td><td>27,361,892</td><td>246,257</td><td>0.9000</td></tr><tr><td colspan="4">TOTAL CASH &amp; CASH EQUIVALENTS</td><td>$27,362,857</td><td>$246,257</td><td></td></tr></tbody></table>

<table border="1"><tr><td>YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME</td><td>$246,257</td></tr><tr><td>YOUR PRICED PORTFOLIOHOLDINGS</td><td>$27,362,857</td></tr></table>



Transaction Detail


## 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>07/01/04</td><td></td><td>OPENINGBALANCE</td><td></td><td>29,762,774.44</td><td></td><td></td><td></td></tr><tr><td>07/01/04</td><td>SOLD</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES</td><td>DICXX</td><td>-2,422,847</td><td>1.0000</td><td></td><td>2,422,847.00</td></tr></tbody></table>

027



07/31/04;08:41 001


EFTA00198986



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



STATEMENT PERIOD July 1, 2004

## **Transaction Detail** (continued)

## MONEY FUND ACTIVITY (continued)

| LAST STATEMENT | June 30, 2004 |

| :--- | :--- |

<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>07/01/04</td><td>DIVIDEND</td><td>DREYFUS CASH MANAGEMENT-CL A<br>INSTITUTIONAL SHARES<br>MONTHLY DIVIDEND</td><td>DICXX</td><td></td><td></td><td></td><td>21,964.19</td></tr><tr><td>07/01/04</td><td>REINVEST</td><td>DREYFUS CASH MANAGEMENT-CL A<br>INSTITUTIONAL SHARES<br>DIVIDEND REINVEST</td><td>DICXX</td><td>21,964.19</td><td></td><td>21,964.19</td><td></td></tr><tr><td>07/30/04</td><td></td><td>CLOSINGBALANCE</td><td></td><td>27,361,891.63</td><td></td><td></td><td></td></tr><tr><td colspan="5">TOTAL</td><td></td><td>-21,964.19</td><td>$2,444,811.19</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>07/01/04</td><td>JOURNAL</td><td>TO</td><td>178,069.00</td><td></td></tr><tr><td>07/01/04</td><td>JOURNAL</td><td>TO</td><td>2,244,778.00</td><td></td></tr><tr><td colspan="3">TOTAL</td><td>-2,422,847.00</td><td></td></tr></tbody></table>



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


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