EFTA00199069

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 ... 3

Transaction Detail 4

Fund Activity 4





Your Messages 4

# INTERNATIOAL 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 00802-1348



CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY



Your Portfolio at a Glance

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

| LAST STATEMENT | February 28, 2005 |

| :--- | :--- |



ACCOUNT NUMBER



TAXPAYER NUMBER On File

<table border="1"><tr><td>MONEY MARKET FUND BALANCE</td><td>15,031,693</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$15,031,693</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>15,005,669</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>26,024</td></tr></table>



INTERNATIOAL CHARITABLE



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

STATEMENT PERIOD March 1, 2005

THROUGH March 31, 2005

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 600-634-1428; 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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V876

EFTA00199070

CLEARED THROUGH ITS
WHOLLY OWNED SUBSIDIARY

2 of 4

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



INTERNATIOAL CHARITABLE


STATEMENT BACKER IS PRINTED ON THIS PAGE

027

EFTA00199071



BEAR
STEARNS


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

3 of 4

## Cash Flow Analysis

<table border="1"><tr><td></td><td>THIS PERIOD</td></tr><tr><td>OpeningBalance</td><td>$0.00</td></tr><tr><td>Money Fund</td><td>26,024.14</td></tr><tr><td>Amount Credited</td><td>$26,024.14</td></tr><tr><td>Money Fund</td><td>-26,024.14</td></tr><tr><td>Amount Debited</td><td>$-26,024.14</td></tr><tr><td>ClosingBalance</td><td>$0.00</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>26,024.14</td><td>54,030.63</td></tr><tr><td>Total</td><td>$26,024.14</td><td>$54,030.63</td></tr></table>

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>15,031,693</td></tr><tr><td>Total</td><td>$15,031,693</td></tr></table>

## Your Portfolio Holdings

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.

## 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>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 2,6700%</td><td>DICXX</td><td>15,031,693.48</td><td>1.0000</td><td>15,031,693</td><td>315,666</td><td>2.1000</td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$15,031,693</td><td>$315,666</td><td></td></tr></tbody></table>

<table border="1"><tr><td>YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME</td><td>$315,666</td></tr><tr><td>YOUR PRICED PORTFOLIOHOLDINGS</td><td>$15,031,693</td></tr></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY



Bear, Stearns Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859

027



INTERNATIOAL CHARITABLE



STATEMENT PERIOD March 1, 2005

THROUGH March 31, 2005



ACCOUNT NUMBER



TAXPAYER NUMBER On File

| LAST STATEMENT | February 28, 2005 |

| :--- | :--- |



04/01/05;09:49 001


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

V876

EFTA00199072



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



INTERNATIOAL CHARITABLE



<table><thead><tr><th>DATE MON/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>03/01/05</td><td></td><td>OPENINGBALANCE</td><td></td><td>15,005,669.34</td><td></td><td></td><td></td></tr><tr><td>03/01/05</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>26,024.14</td></tr><tr><td>03/01/05</td><td>REINVEST</td><td>DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVEST</td><td>DICXX</td><td>26,024.14</td><td></td><td>26,024.14</td><td></td></tr><tr><td>03/31/05</td><td></td><td>CLOSINGBALANCE</td><td></td><td>15,031,693.48</td><td></td><td></td><td></td></tr><tr><td colspan="5">TOTAL</td><td>-26,024.14</td><td>$26,024.14</td><td></td></tr></tbody></table>

## Your messages



Bear, Stearns Securities Corp. Net Capital and Net Capital Requirements:

At November 30, 2004 and January 31, 2005, the Company's net capital of approximately $3.8 billion and $3.8 billion was approximately 6.4% and 6.3% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $1.2 billion and $1.2 billion by approximately $2.6 billion and $2.6 billion, all respectively.

A complete copy of the Bear, Stearns Securities Corp, Statement of Financial Condition is available on the web site www.bearstearns.com. Alternatively, to request a free printed copy please call - toll free 1-866-299-9331,



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