EFTA00200388



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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



CLEARED THROUGH ITS

WHOLLY OWNED SUBSDIARY



## What’s In This Statement

<table><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>5</td></tr><tr><td>Fund Activity</td><td>7</td></tr></table>







INTERNATIONAL CHARITABLE

INTERESTS II 8-30-94

C/O FINANCIAL TRUST COMPANY *

ATTN LARRY KEMP

6100 RED HOOK QUARTER STE B-3

ST THOMAS VI 00802



Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859



INTERNATIONAL CHARITABLE



| STATEMENT PERIOD | June 29, 2002 |

| :--- | :--- |

| THROUGH | July 26, 2002 |

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

ACCOUNT NUMBER

TAXPAYER NUMBER On File

| LAST STATEMENT | June 28, 2002 |

| :--- | :--- |

Your Portfolio at a Glance

<table border="1"><tr><td>TOTAL VALUE OF SECURITIES THIS PERIOD</td><td>733,650</td></tr><tr><td>NET CREDIT BALANCE</td><td>475,339</td></tr><tr><td>MONEY MARKET FUND BALANCE</td><td>8,327,286</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$9,536,275</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>9,629,476</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>-93,201</td></tr></table>

Market Value of Your Portfolio

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 8


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

STATEMENT BACKER IS PRINTED ON THIS PAGE



INTERNATIONAL CHARITABLE


027

EFTA00200390



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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

3 of 8

Cash Flow Analysis

<table border="1"><tr><td></td><td>THIS PERIOD</td></tr><tr><td>OpeningBalance</td><td>$458,554.39</td></tr><tr><td>Securities Sold</td><td>51,289.59</td></tr><tr><td>Money Fund</td><td>485,229.17</td></tr><tr><td>Dividends/Interest</td><td>495.50</td></tr><tr><td>Miscellaneous</td><td>703.69</td></tr><tr><td>Amount Credited</td><td>$537,717.95</td></tr><tr><td>Money Fund</td><td>-520,229.17</td></tr><tr><td>Miscellaneous</td><td>-703.69</td></tr><tr><td>Amount Debited</td><td>$-520,932.86</td></tr><tr><td>Net Cash Activity</td><td>16,785.09</td></tr><tr><td>Closing Balance</td><td>$475,339.48</td></tr></table>

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>458,006.72</td><td>475,000.00</td></tr><tr><td>Margin</td><td>547.67</td><td>339.48</td></tr><tr><td>Net Cash Balance</td><td>$458,554.39</td><td>$475,339.48</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>10,229.17</td><td>44,805.94</td></tr><tr><td>Credit Balance Int.</td><td>495.50</td><td>6,185.33</td></tr><tr><td>Total</td><td>$10,724.67</td><td>$50,991.27</td></tr><tr><td>Foreign Tax Withheld</td><td>0.00</td><td>-98.70</td></tr></table>

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>8,802,625</td></tr><tr><td>Equities</td><td>733,650</td></tr><tr><td>Total</td><td>$9,536,275</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 June 29, 2002

THROUGH July 26, 2002



07/27/02;19:19 001


TAXPAYER NUMBER On File

Your Portfolio Allocation

| LAST STATEMENT | June 28, 2002 |

| :--- | :--- |

Cash & Equivalent—93%

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

EFTA00200391



BEAR
STEARNS


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

4 of 8

## 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>475,339</td><td></td><td></td></tr><tr><td>THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO</td><td>GTDXX</td><td>8,323,333.38</td><td>1.0000</td><td>8,323,333</td><td>125,682</td><td>1.5100</td></tr><tr><td>THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO</td><td>GTDXX</td><td>3,952.99</td><td>1.0000</td><td>3,953</td><td>60</td><td>1.5178</td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$8,802,625</td><td>$125,742</td><td></td></tr></tbody></table>

## EQUITIES

## Equities & Options

<table><thead><tr><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>ACCT TYPE</th><th>QUANTITY</th><th>PRICE</th><th>MARKET VALUE</th><th>ESTIMATED ANNUAL INCOME</th><th>CURREN YIELD (%)</th></tr></thead><tbody><tr><td>CANDIES INC</td><td>CAND</td><td>CASH</td><td>27,300</td><td>3.3000</td><td>90,090</td><td></td><td></td></tr><tr><td>CANDIES INC</td><td>CAND</td><td>MRGN</td><td>1,420</td><td>3.3000</td><td>4,686</td><td></td><td></td></tr><tr><td>CACHE INC NEW</td><td>CACH</td><td>CASH</td><td>7,150</td><td>15.0000</td><td>107,250</td><td></td><td></td></tr><tr><td>FINLAY ENTERPRISES INC</td><td>FNLY</td><td>CASH</td><td>10,300</td><td>16.2500</td><td>167,375</td><td></td><td></td></tr><tr><td>G-III APPAREL GROUP LTD</td><td>GIII</td><td>CASH</td><td>20,850</td><td>7.2400</td><td>150,954</td><td></td><td></td></tr><tr><td>HEARUSA INC NEW</td><td>EAR</td><td>CASH</td><td>10,300</td><td>0.6700</td><td>6,901</td><td></td><td></td></tr><tr><td>I-MANY INC</td><td>IMNY</td><td>CASH</td><td>1,500</td><td>2.6300</td><td>3,945</td><td></td><td></td></tr><tr><td>HEAD N V NY REGISTRY</td><td>HED</td><td>CASH</td><td>5,000</td><td>2.6600</td><td>13,300</td><td>475</td><td>3.5714</td></tr><tr><td>MAXWELL SHOE CO INC-CL A</td><td>MAXS</td><td>CASH</td><td>1,200</td><td>11.3000</td><td>13,560</td><td></td><td></td></tr><tr><td>NOVEL DENIM HOLDINGS LTD</td><td>NVLD</td><td>CASH</td><td>12,250</td><td>6.0600</td><td>74,235</td><td></td><td></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 June 29, 2002

THROUGH July 26, 2002

AGCOUNT NUMBER

TAXPAYER NUMBER On File

| LAST STATEMENT | June 28, 2002 |

| :--- | :--- |

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EFTA00200392



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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

5 of 8

## Your Portfolio Holdings (continued)

Equities & Options (continued)

<table border="1"><tr><td>DESCRIPTION</td><td>SYMBOL/CUSIP</td><td>ACCT TYPE</td><td>QUANTITY</td><td>PRICE</td><td>MARKET VALUE</td><td>ESTIMATED ANNUAL INCOME</td><td>CURRENT YIELD(%)</td></tr><tr><td>UNITED RETAIL GROUP INC</td><td>URGI</td><td>CASH</td><td>15,150</td><td>6.6900</td><td>101,354</td><td></td><td></td></tr><tr><td>Total Equities&amp;Options</td><td></td><td></td><td></td><td></td><td>$733,650</td><td>$475</td><td></td></tr><tr><td>TOTAL EQUITIES</td><td></td><td></td><td></td><td></td><td>$733,650</td><td>$475</td><td></td></tr></table>

<table border="1"><tr><td>YOUR TOTAL ESTIMATED ANNUAL INCOME</td><td>$126,217</td></tr><tr><td>YOUR PRICED PORTFOLIOHOLDINGS</td><td>$9,536,275</td></tr></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSDIARY





Bear, Steams Securities Corp.

One Metratech Center North Brooklyn, New York 11201-3859



## INVESTMENT ACTIVITY

INTERNATIONAL CHARITABLE



Transaction Detail


THROUGH July 26, 2002

STATEMENT PERIOD June 29, 2002

ACCOUNT NUMBER

TAXPAYER NUMBER On File

<table><thead><tr><th>Settlement Date</th><th>Trade Date</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>07/01/02</td><td>06/26/02</td><td>SOLD</td><td>COSTCO WHOLESALE CORP-NEW EXECUTION BY OPCO VS 500 02-25-02 COMMISSION SEC FEE AS OF 06/26/02</td><td>COST</td><td>-500</td><td>36.95540</td><td></td><td>18,437.14</td></tr><tr><td>07/02/02</td><td>06/27/02</td><td>SOLD</td><td>CACHE INC NEW EXECUTION BY INET VS 200 06-21-99 COMMISSION SEC FEE</td><td>CACH</td><td>-200</td><td>16.95000</td><td></td><td>3,368.89</td></tr></tbody></table>

| LAST STATEMENT | June 28, 2002 |

| :--- | :--- |

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V565

EFTA00200393



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


6 of 8



INTERNATIONAL CHARITABLE



## **Transaction Detail** (continued)

STATEMENT PERIOD June 29, 2002

## INVESTMENT ACTIVITY (continued)

THROUGH July 26, 2002



ACCOUNT NUMBER



TAXPAYER NUMBER On File

| LAST STATEMENT | June 28, 2002 |

| :--- | :--- |

<table><thead><tr><th>SETTLEMENT DATE</th><th>TRADE DATE</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>07/02/02</td><td>06/20/02</td><td>CANCEL BUY</td><td>POLO RALPH LAUREN CORP-CL A<br>SEE NOTE &#39;S&#39; ON BACK<br>EXECUTION BY BUCK<br>VS 200 06-20-02<br>COMMISSION<br>A/O S/D 06/25/02<br>TO CXL PREVIOUS BUY</td><td>RL</td><td>-200</td><td>23.92500</td><td></td><td>4,812.00</td></tr><tr><td>07/08/02</td><td>07/02/02</td><td>SOLD</td><td>MAXWELL SHOE CO INC-CL A<br>EXECUTION BY SLKC<br>VS 600 08-16-01<br>COMMISSION<br>SEC FEE<br>AS OF 07/02/02</td><td>MAXS</td><td>-600</td><td>14.71500</td><td></td><td>8,786.73</td></tr><tr><td>07/12/02</td><td>07/09/02</td><td>SOLD</td><td>I-MANY INC<br>EXECUTION BY INET<br>VS 100 07-05-01<br>COMMISSION<br>SEC FEE</td><td>IMNY</td><td>-100</td><td>2.41570</td><td></td><td>226.56</td></tr><tr><td>07/12/02</td><td>07/09/02</td><td>SOLD</td><td>SYMBOL TECHNOLOGIES INC<br>AWD PRICE SHOWN DETAILS ON REQ<br>ACTUAL CONFIRM TO YOUR AGENT<br>UNSOLICITED<br>AS OF 07/09/02</td><td>SBL</td><td>-800</td><td>7.53130</td><td></td><td>5,976.85</td></tr><tr><td>07/22/02</td><td>07/17/02</td><td>SOLD</td><td>CACHE INC NEW<br>EXECUTION BY NITE<br>VS 600 06-21-99<br>COMMISSION<br>SEC FEE<br>AS OF 07/17/02</td><td>CACH</td><td>-600</td><td>16.20620</td><td></td><td>9,681.42</td></tr><tr><td colspan="8">TOTAL</td><td>$51,289.59</td></tr></tbody></table>

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EFTA00200394



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



7 of 8




INTERNATIONAL CHARITABLE



## **Transaction Detail** (continued)

STATEMENT PERIOD June 29, 2002

## MONEY FUND ACTIVITY

THROUGH July 26, 2002

AGCOUNT NUMBER

TAXPAYER NUMBER On File

| LAST STATEMENT | June 28, 2002 |

| :--- | :--- |

<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>06/29/02</td><td></td><td>OPENINGBALANCE</td><td></td><td>8,282,057.20</td><td></td><td></td><td></td></tr></tbody></table>

<table><thead><tr><th>07/03/02</th><td>BOUGHT</td><td>THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO</td><td>GTDXX</td><td>15,000</td><td>1.0000</td><td>15,000.00</td></tr></thead><tbody><tr><td>07/10/02</td><td>BOUGHT</td><td>THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO</td><td>GTDXX</td><td>5,000</td><td>1.0000</td><td>5,000.00</td></tr><tr><td>07/18/02</td><td>BOUGHT</td><td>THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO</td><td>GTDXX</td><td>11,000</td><td>1.0000</td><td>11,000.00</td></tr><tr><td>07/23/02</td><td>BOUGHT</td><td>THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO</td><td>GTDXX</td><td>479,000</td><td>1.0000</td><td>479,000.00</td></tr><tr><td>07/23/02</td><td>DIVIDEND</td><td>THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO MONTHLY DIVIDEND</td><td>GTDXX</td><td></td><td></td><td>9,413.70</td></tr><tr><td>07/23/02</td><td>DIVIDEND</td><td>THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO MONTHLY DIVIDEND</td><td>GTDXX</td><td></td><td></td><td>815.47</td></tr><tr><td>07/23/02</td><td>REINVEST</td><td>THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO MONTHLY DIVIDEND REINVESTED</td><td>GTDXX</td><td>9,413.70</td><td></td><td>9,413.70</td></tr><tr><td>07/23/02</td><td>REINVEST</td><td>THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO MONTHLY DIVIDEND REINVESTED</td><td>GTDXX</td><td>815.47</td><td></td><td>815.47</td></tr><tr><td>07/24/02</td><td>SOLD</td><td>THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO</td><td>GTDXX</td><td>-475,000</td><td>1.0000</td><td>475,000.00</td></tr><tr><td>07/26/02</td><td></td><td>CLOSINGBALANCE</td><td></td><td>8,327,286.37</td><td></td><td></td></tr><tr><td colspan="4">TOTAL</td><td></td><td>-520,229.17</td><td>$485,229.17</td></tr></tbody></table>

027



07/27/02;19:19 001


EFTA00200395



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

8 of 8



INTERNATIONAL CHARITABLE



## **Transaction Detail** (continued)

STATEMENT PERIOD June 29, 2002



INTEREST


THROUGH July 26, 2002

ACCOUNT NUMBER

TAXPAYER NUMBER On File

| LAST STATEMENT | June 28, 2002 |

| :--- | :--- |

<table><thead><tr><th>DATE</th><th colspan="3">DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>RATE (%)</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>07/22/02</td><td>INT CR</td><td></td><td>JUL 02</td><td></td><td></td><td></td><td></td><td>495.50</td></tr><tr><td colspan="8">TOTAL</td><td>$495.50</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>07/24/02</td><td>JOURNAL</td><td>FROM: SJZ/<br>* JRL *</td><td>-2-USD</td><td>703.69</td></tr><tr><td>07/24/02</td><td>JOURNAL</td><td>TO: SJZ/<br>* JRL *</td><td>-1-USD</td><td>703.69</td></tr><tr><td colspan="3">TOTAL</td><td>-703.69</td><td>$703.69</td></tr></tbody></table>



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


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