EFTA00199009

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>4</td></tr><tr><td>Fund Activity</td><td>4</td></tr><tr><td>Your Messages</td><td>5</td></tr></table>

# 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



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



Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859



Your Portfolio at a Glance



INTERNATIONAL CHARITABLE



<table border="1"><tr><td>NET CREDIT BALANCE</td><td>245</td></tr><tr><td>MONEY MARKET FUND BALANCE</td><td>2,475,450</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$2,475,695</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>2,473,312</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>2,383</td></tr></table>

ACCOUNT NUMBER

THROUGH February 27, 2004

| LAST STATEMENT | January 30, 2004 |

| :--- | :--- |

STATEMENT PERIOD January 31, 2004

TAXPAYER NUMBER On File

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

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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EFTA00199011



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>$245.45</td></tr><tr><td>Money Fund</td><td>2,382.98</td></tr><tr><td>Amount Credited</td><td>$2,382.98</td></tr><tr><td>Money Fund</td><td>-2,382.98</td></tr><tr><td>Amount Debited</td><td>$-2,382.98</td></tr><tr><td>ClosingBalance</td><td>$245.45</td></tr></table>

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>245.45</td><td>245.45</td></tr><tr><td>Net Cash Balance</td><td>$245.45</td><td>$245.45</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>2,382.98</td><td>2,382.98</td></tr><tr><td>Total</td><td>$2,382.98</td><td>$2,382.98</td></tr></table>

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>2,475,695</td></tr><tr><td>Total</td><td>$2,475,695</td></tr></table>

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY

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



INTERNATIONAL CHARITABLE



| STATEMENT PERIOD | January 31, 2004 |
| :--- | :--- |
| THROUGH | February 27, 2004 |



ACCOUNT NUMBER



TAXPAYER NUMBER On File

| LAST STATEMENT | January 30, 2004 |

| :--- | :--- |

*Note: The table is not present in the image.*

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

EFTA00199012



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>CURRENТ YIELD (%)</th></tr></thead><tbody><tr><td>CASH BALANCE</td><td></td><td></td><td></td><td>245</td><td></td><td></td></tr><tr><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST. 30 DAY AVG YIELD .9000%</td><td>DICXX</td><td>2,475,450.45</td><td>1.0000</td><td>2,475,450</td><td>22,279</td><td>0.9000</td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$2,475,695</td><td>$22,279</td><td></td></tr></tbody></table>

<table border="1"><tr><td>YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME</td><td>$22,279</td></tr><tr><td>YOUR PRICED PORTFOLIOHOLDINGS</td><td>$2,475,695</td></tr></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSDIARY



Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

## MONEY FUND ACTIVITY



Transaction Detail


INTERNATIONAL CHARITABLE

<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>01/31/04</td><td></td><td>OPENINGBALANCE</td><td></td><td>2,473,067.47</td><td></td><td></td><td></td></tr></tbody></table>

STATEMENT PERIOD January 31, 2004



ACCOUNT NUMBER



| LAST STATEMENT | January 30, 2004 |

| :--- | :--- |

TAXPAYER NUMBER On File

THROUGH February 27, 2004

<table border="1"><tr><td>02/02/04</td><td>DIVIDEND</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND</td><td>DICXX</td><td></td><td></td><td>2,382.98</td></tr><tr><td>02/02/04</td><td>REINVEST</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVEST</td><td>DICXX</td><td>2,382.98</td><td></td><td>2,382.98</td></tr></table>

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EFTA00199013



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



INTERNATIONAL CHARITABLE

<table><thead><tr><th>DATE</th><th>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>02/27/04</td><td></td><td>CLOSINGBALANCE</td><td></td><td></td><td>2,475,450.45</td><td></td><td></td><td></td></tr><tr><td colspan="6">TOTAL</td><td></td><td>-$2,382.98</td><td>$2,382.98</td></tr></tbody></table>

## Your messages



Excess SIPC Account Protection Update

Effective February 16, 2004, the commercial insurer through which Bear, Stearns Securities Corp. obtains excess SIPC protection changed to Customer Asset Protection Company ("CAPCO"), a New York licensed insurance company, CAPCO has an A+ financial strength rating from Standard & Poor's.





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



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