EFTA00200404



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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



CLEARED THROUGH ITS
WHOLLY OWNED SUBSIDIARY


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

## What’s In This Statement







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 April 27, 2002



ACCOUNT NUMBER

TAXPAYER NUMBER



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

THROUGH May 31, 2002

Your Portfolio at a Glance

| LAST STATEMENT | April 26, 2002 |

| :--- | :--- |

<table border="1"><tr><td>TOTAL VALUE OF SECURITIES THIS PERIOD</td><td>966,283</td></tr><tr><td>NET CREDIT BALANCE</td><td>534,910</td></tr><tr><td>MONEY MARKET FUND BALANCE</td><td>8,174,331</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$9,675,524</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>9,532,004</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>143,520</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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EFTA00200405



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

EFTA00200406



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>$570,392.14</td></tr><tr><td>Securities Sold</td><td>63,926.51</td></tr><tr><td>Money Fund</td><td>108,560.74</td></tr><tr><td>Dividends/Interest</td><td>626.55</td></tr><tr><td>Amount Credited</td><td>$173,113.80</td></tr><tr><td>Money Fund</td><td>-208,560.74</td></tr><tr><td>Miscellaneous</td><td>-35.00</td></tr><tr><td>Amount Debited</td><td>$-208,595.74</td></tr><tr><td>Net Cash Activity</td><td>-35,481.94</td></tr><tr><td>Closing Balance</td><td>$534,910.20</td></tr></table>

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>567,781.94</td><td>531,673.45</td></tr><tr><td>Margin</td><td>2,610.20</td><td>3,236.75</td></tr><tr><td>Net Cash Balance</td><td>$570,392.14</td><td>$534,910.20</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>8,560.74</td><td>24,192.40</td></tr><tr><td>Credit Balance Int.</td><td>626.55</td><td>5,142.16</td></tr><tr><td>Total</td><td>$9,187.29</td><td>$29,334.56</td></tr></table>

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>8,709,241</td></tr><tr><td>Equities</td><td>966,283</td></tr><tr><td>Total</td><td>$9,675,524</td></tr></table>

027

Bear, Steams Securities Corp.

One Metratech Center North Brooklyn, New York 11201-3859



INTERNATIONAL CHARITABLE



Your Portfolio Allocation



06/01/02;17:25 001


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

EFTA00200407



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>534,910</td><td></td><td></td></tr><tr><td>THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO</td><td>GTDXX</td><td>8,171,976.27</td><td>1.0000</td><td>8,171,976</td><td>122,580</td><td>1.5000</td></tr><tr><td>THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO</td><td>GTDXX</td><td>2,354.56</td><td>1.0000</td><td>2,355</td><td>35</td><td>1.4862</td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$8,709,241</td><td>$122,615</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>CURRENT YIELD (%)</th></tr></thead><tbody><tr><td>COSTCO WHOLESALE CORP-NEW</td><td>COST</td><td>CASH</td><td>500</td><td>39.2700</td><td>19,635</td><td></td><td></td></tr><tr><td>CANDIES INC</td><td>CAND</td><td>CASH</td><td>27,300</td><td>4.6600</td><td>127,218</td><td></td><td></td></tr><tr><td>CANDIES INC</td><td>CAND</td><td>MRGN</td><td>1,420</td><td>4.6600</td><td>6,617</td><td></td><td></td></tr><tr><td>CACHE INC NEW</td><td>CACH</td><td>CASH</td><td>8,550</td><td>17.0500</td><td>145,778</td><td></td><td></td></tr><tr><td>FINLAY ENTERPRISES INC</td><td>FNLY</td><td>CASH</td><td>10,300</td><td>15.8500</td><td>163,255</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>8.3000</td><td>173,055</td><td></td><td></td></tr><tr><td>HOT TOPIC INC</td><td>HOTT</td><td>CASH</td><td>600</td><td>25.6000</td><td>15,360</td><td></td><td></td></tr><tr><td>HEARX LTD COM NEW</td><td>EAR</td><td>CASH</td><td>10,300</td><td>0.9000</td><td>9,270</td><td></td><td></td></tr><tr><td>I-MANY INC</td><td>IMNY</td><td>CASH</td><td>1,600</td><td>4.3200</td><td>6,912</td><td></td><td></td></tr><tr><td>HEAD N NY REGISTRY</td><td>HED</td><td>CASH</td><td>5,000</td><td>3.2200</td><td>16,100</td><td>475</td><td>2.9503</td></tr><tr><td>MAXWELL SHOE CO INC-CLA</td><td>MAXS</td><td>CASH</td><td>1,800</td><td>13.6900</td><td>24,642</td><td></td><td></td></tr></tbody></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSDIARY





Bear, Steams Securities Corp.

One Mebrotech Center North Brooklyn, New York 11201-3859



INTERNATIONAL CHARITABLE

STATEMENT PERIOD April 27, 2002

THROUGH May 31, 2002

| LAST STATEMENT | April 26, 2002 |
| :--- | :--- |

027



06/01/02;17:25 001


EFTA00200408



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><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>CURRENT YIELD (%)</th></tr></thead><tbody><tr><td>NOVEL DENIM HOLDINGS LTD</td><td>NVLD</td><td>CASH</td><td>12,250</td><td>9.3500</td><td>114,538</td><td></td><td></td></tr><tr><td>SYMBOL TECHNOLOGIES INC</td><td>SBL</td><td>CASH</td><td>800</td><td>8.5700</td><td>6,856</td><td>16</td><td>0.2334</td></tr><tr><td>UNITED RETAIL GROUP INC</td><td>URGI</td><td>CASH</td><td>15,150</td><td>9.0460</td><td>137,047</td><td></td><td></td></tr><tr><td>Total Equities&amp; Options</td><td></td><td></td><td></td><td></td><td>$966,283</td><td>$491</td><td></td></tr><tr><td>TOTAL EQUITIES</td><td></td><td></td><td></td><td></td><td>$966,283</td><td>$491</td><td></td></tr></tbody></table>



CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY



<table border="1"><tr><td>YOUR TOTAL ESTIMATED ANNUAL INCOME</td><td>$123,106</td></tr><tr><td>YOUR PRICED PORTFOLIO HOLDINGS</td><td>$9,675,524</td></tr></table>

Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859



Transaction Detail


## INVESTMENT ACTIVITY



INTERNATIONAL CHARITABLE



<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>04/29/02</td><td>04/24/02</td><td>SOLD</td><td>CIRCUIT CITY STORES INC<br>CIRCUIT CITY GROUP<br>EXECUTION BY FCAP<br>VS 200 02-20-02, 200 02-19-02<br>COMMISSION 28,00<br>SEC FEE .27</td><td>CC</td><td>-400</td><td>21.89000</td><td></td><td>8,712.73</td></tr></tbody></table>

027



06/01/02;17:25 001


EFTA00200409



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)

## INVESTMENT ACTIVITY (continued)

<table><thead><tr><th>MENTION DATE</th><th>DATE</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>SYMOLICUSIP</th><th>QUANTITY</th><th>PRICE</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>04/29/02</td><td>04/24/02</td><td>SOLD</td><td>HOT TOPIC INC<br>EXECUTION BY MONT<br>VS 100 03-05-02<br>SEC FEE</td><td>HOTT</td><td>-100</td><td>23.94670</td><td></td><td>2,379.59</td></tr><tr><td>05/03/02</td><td>04/30/02</td><td>SOLD</td><td>CIRCUIT CITY STORES INC<br>CIRCUIT CITY GROUP<br>EXECUTION BY SBSH<br>VS 300 02-19-02<br>COMMISSION</td><td>CC</td><td>-300</td><td>21.08590</td><td></td><td>6,289.57</td></tr><tr><td></td><td></td><td></td><td>SEC FEE</td><td>,20</td><td></td><td></td><td></td><td></td></tr><tr><td>05/06/02</td><td>05/01/02</td><td>SOLD</td><td>CIRCUIT CITY STORES INC<br>CIRCUIT CITY GROUP<br>EXECUTION BY RHOO<br>VS 300 02-19-02<br>COMMISSION</td><td>CC</td><td>-300</td><td>21.16800</td><td></td><td>6,314.20</td></tr><tr><td></td><td></td><td></td><td>SEC FEE</td><td>,20</td><td></td><td></td><td></td><td></td></tr><tr><td>05/06/02</td><td>05/01/02</td><td>SOLD</td><td>HOT TOPIC INC<br>EXECUTION BY WEDB<br>VS 300 03-05-02<br>SEC FEE</td><td>HOTT</td><td>-300</td><td>22.27000</td><td></td><td>6,665.79</td></tr><tr><td></td><td></td><td></td><td>SEC FEE</td><td>,21</td><td></td><td></td><td></td><td></td></tr><tr><td>05/15/02</td><td>05/10/02</td><td>SOLD</td><td>CIRCUIT CITY STORES INC<br>CIRCUIT CITY GROUP<br>EXECUTION BY BUCK<br>VS 200 02-19-02<br>COMMISSION</td><td>CC</td><td>-200</td><td>23.35000</td><td></td><td>4,642.85</td></tr><tr><td></td><td></td><td></td><td>SEC FEE</td><td>,15</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td>AS OF 05/10/02</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>05/17/02</td><td>05/14/02</td><td>SOLD</td><td>CIRCUIT CITY STORES INC<br>CIRCUIT CITY GROUP<br>AVG PRICE SHOWN-DETAILS ON REQ<br>ACTUAL CONFIRM TO YOUR AGENT<br>UNSOLICITED</td><td>CC</td><td>-500</td><td>23.97670</td><td></td><td>11,952.98</td></tr><tr><td>05/23/02</td><td>05/20/02</td><td>BOUGHT</td><td>MAXWELL SHOE CO INC-CL A<br>STK SPLIT ON 1200 SHS<br>REC 05/03/02 PAY 05/17/02</td><td>MAXS</td><td>600</td><td></td><td></td><td></td></tr></tbody></table>

027



06/01/02;17:25 001


EFTA00200410



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT

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



CLEARED THROUGH ITS
WHOLLY OWNED SUBSDIARY


7 of 8



Bear, Steams Securities Corp.

One Metrotech Center North Brooklyn, New York 11201-3859





INTERNATIONAL CHARITABLE



## **Transaction Detail** (continued)

INVESTMENT ACTIVITY (continued)

<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>05/24/02</td><td>05/21/02</td><td>SOLD</td><td>POLO RALPH LAUREN CORP-CL A<br>SEE NOTE "S" ON BACK<br>EXECUTION BY BUCK<br>VS 600 05-23-01<br>COMMISSION 36,00<br>SEC FEE .52<br>AS OF 05/21/02</td><td>RL</td><td>-600</td><td>28.36720</td><td></td><td>16,968.80</td></tr></tbody></table>

$$63,926.51$$

## 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>04/27/02</td><td></td><td>OPENINGBALANCE</td><td></td><td>8,065,770.09</td><td></td><td></td><td></td></tr><tr><td>05/17/02</td><td>SOLD</td><td>THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO</td><td>GTDXX</td><td>-100,000</td><td>1.0000</td><td></td><td>100,000.00</td></tr><tr><td>05/21/02</td><td>BOUGHT</td><td>THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO</td><td>GTDXX</td><td>100,000</td><td>1.0000</td><td>100,000.00</td><td></td></tr><tr><td>05/21/02</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></td><td>7,859.58</td></tr><tr><td>05/21/02</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></td><td>701.16</td></tr><tr><td>05/21/02</td><td>REINVEST</td><td>THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO MONTHLY DIVIDEND REINVESTED</td><td>GTDXX</td><td>7,859.58</td><td></td><td>7,859.58</td><td></td></tr><tr><td>05/21/02</td><td>REINVEST</td><td>THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO MONTHLY DIVIDEND REINVESTED</td><td>GTDXX</td><td>701.16</td><td></td><td>701.16</td><td></td></tr><tr><td>05/22/02</td><td>BOUGHT</td><td>THE TREASURERS FUND INC DOMESTIC PRIME M/M PORTFOLIO</td><td>GTDXX</td><td>100,000</td><td>1.0000</td><td>100,000.00</td><td></td></tr></tbody></table>

027



06/01/02;17:25 001


EFTA00200411

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 April 27, 2002

THROUGH May 31, 2002

MONEY FUND ACTIVITY (continued)

<table border="1"><tr><td>DATE MO/DAY</td><td>TRANSACTION</td><td>DESCRIPTION</td><td>SYMBOL/CUSIP</td><td>QUANTITY</td><td>PRICE</td><td>DEBIT AMOUNT</td><td>CREDIT AMOUNT</td></tr><tr><td>05/31/02</td><td></td><td>CLOSINGBALANCE</td><td></td><td>8,174,330.83</td><td></td><td></td><td></td></tr><tr><td>TOTAL</td><td></td><td></td><td></td><td></td><td></td><td>-208,560.74</td><td>$108,560.74</td></tr></table>



INTEREST


<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>05/21/02</td><td>INT CR</td><td></td><td>MAY 02</td><td></td><td></td><td></td><td></td><td>626.55</td></tr><tr><td colspan="8">TOTAL</td><td>$626.55</td></tr></tbody></table>

## MISCELLANEOUS

<table><thead><tr><th>DATE MO/DAY</th><th>TRANSACTION</th><th>DESCRIPTION</th><th></th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>05/03/02</td><td>JOURNAL</td><td>04/02 CLR CHG</td><td>-15</td><td>35.00</td><td></td></tr><tr><td colspan="4">TOTAL</td><td>$-35.00</td><td></td></tr></tbody></table>





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


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