EFTA00198998

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 ... 3

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 SUBSDIARY



## Your Portfolio at a Glance

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.



INTERNATIONAL CHARITABLE



<table border="1"><tr><td>NET CREDIT BALANCE</td><td>965</td></tr><tr><td>MONEY MARKET FUND BALANCE</td><td>29,723,415</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$29,724,380</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>24,866,153</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>4,858,227</td></tr></table>

| LAST STATEMENT | March 31, 2004 |

| :--- | :--- |

ACCOUNT NUMBER

TAXPAYER NUMBER On File

THROUGH April 30, 2004

STATEMENT PERIOD April 1, 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.

027 05/01/04;13:17 001

EFTA00198999



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

EFTA00199000



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>OpeningBalance</td><td>$964.97</td></tr><tr><td>Money Fund</td><td>5,171,227.12</td></tr><tr><td>Funds Deposited</td><td>10,000,000.00</td></tr><tr><td>Amount Credited</td><td>$15,171,227.12</td></tr><tr><td>Money Fund</td><td>-10,014,727.12</td></tr><tr><td>Funds Withdrawn</td><td>-5,156,500.00</td></tr><tr><td>Amount Debited</td><td>$-15,171,227.12</td></tr><tr><td>ClosingBalance</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>

Income Summary

<table border="1"><tr><td></td><td>THIS PERIOD</td><td>YEAR TO DATE</td></tr><tr><td>Dividends</td><td>14,727.12</td><td>18,847.33</td></tr><tr><td>Total</td><td>$14,727.12</td><td>$18,847.33</td></tr></table>

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>29,724,380</td></tr><tr><td>Total</td><td>$29,724,380</td></tr></table>

## Your Portfolio Holdings

CASH & CASH EQUIVALENTS

<table border="1"><tr><td>DESCRIPTION</td><td>SYMBOL/CUSIP</td><td>QUANTITY</td><td>PRICE</td><td>MARKET VALUE</td><td>ESTIMATED ANNUAL INCOME</td><td>CURRENT YIELD(%)</td></tr><tr><td>CASH BALANCE</td><td></td><td></td><td></td><td>965</td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>

027

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY

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



INTERNATIONAL CHARITABLE



STATEMENT PERIOD April 1, 2004

THROUGH April 30, 2004

<table><thead><tr><th>ACCOUNT NUMBER</th><td></td></tr></thead><tbody><tr><td>TAXPAYER NUMBER</td><td>On File</td></tr><tr><td>LAST STATEMENT</td><td>March 31, 2004</td></tr></tbody></table>

Your Portfolio Allocation



05/01/04;13:17 001


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

EFTA00199001



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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

4 of 5

## Your Portfolio Holdings (continued)

CASH & CASH EQUIVALENTS (continued)

<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>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST. 30 DAY AVG YIELD .9000%</td><td>DICXX</td><td>29,723,414.80</td><td>1.0000</td><td>29,723,415</td><td>267,511</td><td>0.9000</td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$29,724,380</td><td>$267,511</td><td></td></tr></tbody></table>

<table border="1"><tr><td>YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME</td><td>$267,511</td></tr><tr><td>YOUR PRICED PORTFOLIOHOLDINGS</td><td>$29,724,380</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>04/01/04</td><td>FND WIRED</td><td>MDA# FNDS WIRED TO JPMORGAN CHASE BANK</td><td>156,500.00</td><td></td></tr><tr><td>04/08/04</td><td>FND WIRED</td><td>MDA# FNDS WIRED TO ULS TRUST COMPANY FD</td><td>5,000,000.00</td><td></td></tr><tr><td>04/23/04</td><td>FUNDS REC</td><td>FNDS WIRED TO CITIBANK FROM US TR NYC</td><td></td><td>10,000,000.00</td></tr><tr><td colspan="3">TOTAL</td><td>-$-5,156,500.00</td><td>$10,000,000.00</td></tr></tbody></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSDIARY



Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

INTERNATIONAL CHARITABLE

STATEMENT PERIOD April 1, 2004

THROUGH April 30, 2004



ACCOUNT NUMBER



TAXPAYER NUMBER On File

| LAST STATEMENT | March 31, 2004 |

| :--- | :--- |

027



05/01/04;13:17 001




EFTA00199002




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 5**



INTERNATIONAL CHARITABLE



## **Transaction Detail** (continued)

STATEMENT PERIOD April 1, 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>04/01/04</td><td></td><td>OPENINGBALANCE</td><td></td><td>24,865,187.68</td><td></td><td></td><td></td></tr></tbody></table>

<table><thead><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th></tr></thead><tbody><tr><td>04/01/04</td><td>SOLD</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES</td><td>DICXX</td><td>-156,500</td><td>1.0000</td><td></td><td>156,500.00</td></tr><tr><td>04/01/04</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>14,727.12</td></tr><tr><td>04/01/04</td><td>REINVEST</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVEST</td><td>DICXX</td><td>14,727.12</td><td></td><td>14,727.12</td><td></td></tr><tr><td>04/08/04</td><td>SOLD</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES</td><td>DICXX</td><td>-5,000,000</td><td>1.0000</td><td></td><td>5,000,000.00</td></tr><tr><td>04/23/04</td><td>BOUGHT</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES</td><td>DICXX</td><td>10,000,000</td><td>1.0000</td><td>10,000,000.00</td><td></td></tr><tr><td>04/30/04</td><td></td><td>CLOSINGBALANCE</td><td></td><td>29,723,414.80</td><td></td><td></td><td></td></tr><tr><td colspan="5">TOTAL</td><td></td><td>-10,014,727.12</td><td>$5,171,227.12</td></tr></tbody></table>



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


027



05/01/04;13:17 001