EFTA00200574 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 | | | | :--- | :--- | | ACCOUNT EXECUTIVE | ZICHERMAN,IRA | | TELEPHONE | | | VISIT OUR WEBSITE | www.bearstearns.com | ## What’s In This Statement
Financial Summary3
Your Portfolio Holdings4
Transaction Detail5
Fund Activity6
Your Messages8
| **JEFFREY EPSTEIN** | | :--- | | 358 EL BRILLO WAY | | PALM BEACH FL 33480-4730 | CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY 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. *This portfolio includes one or more unpriced securities that are not reflected in the Total Value of Securities and the Net Equity This Period.
TOTAL VALUE OF SECURITIES THIS PERIOD*5,428,150
NET CREDIT BALANCE151,868
MONEY MARKET FUND BALANCE6,343,789
NET EQUITY THIS PERIOD$11,923,807
NET EQUITY LAST STATEMENT15,016,128
CHANGE SINCE LAST STATEMENT-3,092,320
*This portfolio includes one or more unpriced securities that are not
JEFFREY EPSTEIN | LAST STATEMENT | August 31, 2001 | | :--- | :--- | ACCOUNT NUMBER STATEMENT PERIOD September 1, 2001 THROUGH September 28, 2001 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. SIPC 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 09/29/01:10:55 001 V500 EFTA00200575 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY 2 of 9 Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT BACKER IS PRINTED ON THIS PAGE 027 EFTA00200576 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 3 of 9 Cash Flow Analysis
THIS PERIOD
OpeningBalance$1,438,795.54
Money Fund1,716,075.38
Dividends/Interest13,072.88
Amount Credited$1,729,148.26
Money Fund-16,075.38
Funds Withdrawn-3,000,000.00
Amount Debited$-3,016,075.38
Net Cash Activity-1,286,927.12
Closing Balance$151,868.42
Cash Balance Summary
OPENINGCLOSING
Cash1,438,795.54151,868.42
Net Cash Balance$1,438,795.54$151,868.42
Income Summary
THIS PERIODYEAR TO DATE
Dividends11,454.0074,973.88
Other Dividends16,075.3843,789.41
Credit Balance Int.1,618.8831,937.04
Total$29,148.26$150,700.33
Portfolio Composition
Cash/Cash Equivalent6,495,657
Equities5,428,150
Total$11,923,807
CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD September 1, 2001 THROUGH September 28, 2001 ACCOUNT NUMBER TAXPAYER NUMBER On File Your Portfolio Allocation | LAST STATEMENT | August 31, 2001 | | :--- | :--- | Unshaded portions denote debit balance and/or short market values. The allocation percentage is derived from the absolute market value of your portfolio. EFTA00200577 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 4 of 9 ## Your Portfolio Holdings ## CASH & CASH EQUIVALENTS
DESCRIPTIONSYMBOL/CUSIPQUANTITYPRICEMARKET VALUEESTIMATED ANNUAL INCOMECURRENT YIELD (%)
CASH BALANCE151,868
DREYFUS TAX EXEMPT CASH MANAGEMENT INSTL SH26202K2056,343,789.411.00006,343,789145,9072.3000
TOTAL CASH & CASH EQUIVALENTS$6,495,657$145,907
## EQUITIES Equities & Options
DESCRIPTIONSYMBOL/CUSIPACCT TYPEQUANTITYPRICEMARKET VALUEESTIMATED ANNUAL INCOMECURRENT YIELD (%)
ALLIED WASTE INDUSTRIES INC NEWAWCASH50,00012.7500637,500
CENTER TR INCCTACASH2,0003.86007,7203204.1451
CANHORN CHEMICAL CORPCNCPFCASH19Unpriced
CROWN AMERICAN REALTY TRUSTCWNCASH5,0007.100035,5004,20011.8310
FELCOR LODGING TRUST INCFCHCASH2,00013.450026,9004,40016.3569
GLENBOROUGH REALTY TRUST INCGLBCASH2,00018.540037,0803,3609.0615
GLIMCHER REALTY TRUST-SBIGRTCASH2,00016.180032,3603,84611.8850
HRPT PROPERTIES TR-SBIHRPCASH10,0008.140081,4008,0009.8280
HOSPITALITY PROPERTIES TRUST SBIHPTCASH2,00024.080048,1605,68011.7940
JOHNSON & JOHNSONJNJCASH57,80055.40003,202,12041,6161.2996
KRAMONT REALTY TRUSTKRTCASH2,00012.490024,980
ORACLE CORPORCLMRGN100,00012.58001,258,000
CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD September 1, 2001 THROUGH September 28, 2001 AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2001 | | :--- | :--- | 027 09/29/01;10:55 001 EFTA00200578 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 5 of 9 ## Your Portfolio Holdings (continued) Equities & Options (continued)
DESCRIPTIONSYMBOL/CUSIPACCT TYPEQUANTITYPRICEMARKET VALUEESTIMATED ANNUAL INCOMECURRENT YIELD (%)
RAMCO GERSHENSON PROPERTIES TRUST-MD SBIRPTCASH2,00016.420032,8403,36010.2314
SIRIUS SATELLITE RADIO INC Total Equities& OptionsSIRICASH1,0003.59003,590
TOTAL EQUITIES$5,428,150$74,782
CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY
YOUR TOTAL ESTIMATED ANNUAL INCOME$220,689
YOUR PRICED PORTFOLIOHOLDINGS$11,923,807
## INVESTMENT ACTIVITY Transaction Detail Bear, Stearns Securities Corp. One Metratech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSIPQUANTITYPRICEDEBIT AMOUNTCREDIT AMOUNT
09/26/01EXPIREDCALL ORACLE CORP SEP17.50**** EXP 09/22/200168389X9I81,000
TOTAL
STATEMENT PERIOD September 1, 2001 THROUGH September 28, 2001 AGCOUNT NUMBER | LAST STATEMENT | August 31, 2001 | | :--- | :--- | TAXPAYER NUMBER On File 027 09/29/01;10:55 001 V500 EFTA00200579 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 6 of 9 Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 Transaction Detail (continued) DEPOSITS AND WITHDRAWALS JEFFREY EPSTEIN STATEMENT PERIOD September 1, 2001 THROUGH September 28, 2001 ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2001 | | :--- | :--- | ## MONEY FUND ACTIVITY
DATE MOIDAYTRANSACTIONDESCRIPTIONSYMBOL/CUSIPQUANTITYPRICEDEBIT AMOUNTCREDIT AMOUNT
09/01/01OPENINGBALANCE8,027,714.03
09/04/01DIVIDENDDREYFUS TAX EXEMPT CASH MANAGEMENT INSTL SH MONTHLY DIVIDEND26202K20516,075.38
09/04/01REINVESTDREYFUS TAX EXEMPT CASH MANAGEMENT INSTL SH DIVIDEND REINVESTED26202K20516,075.3816,075.38
09/07/01SOLDDREYFUS TAX EXEMPT CASH MANAGEMENT INSTL SH SELL FD26202K205-700,0001.0000700,000.00
09/26/01SOLDDREYFUS TAX EXEMPT CASH MANAGEMENT INSTL SH26202K205-1,000,0001.00001,000,000.00
09/28/01CLOSINGBALANCE6,343,789.41
TOTAL-$16,075.38$1,716,075.38
027 09/29/01;10:55 001 EFTA00200580 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 7 of 9 JEFFREY EPSTEIN ## **Transaction Detail** (continued) ## DIVIDENDS STATEMENT PERIOD September 1, 2001 THROUGH September 28, 2001 AGCOUNT NUMBER
DATEDESCRIPTIONSYMBOL/CUSIPQUANTITYRATE ($)DEBIT AMOUNTCREDIT AMOUNT
09/11/01JOHNSON & JOHNSON
REC 08/21/01 PAY 09/11/01		JNJ57,8000.180010,404.00
09/14/01CROWN AMERICAN REALTY TRUST
REC 08/31/01 PAY 09/14/01		CWN5,0000.21001,050.00
TOTAL$11,454.00
TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2001 | | :--- | :--- | INTEREST
DATEDESCRIPTIONSYMBOL/CUSIPQUANTITYRATE (%)DEBIT AMOUNTCREDIT AMOUNT
09/21/01INTEREST ON CREDIT BALANCE
AT 0 1/2% 09/19 THRU 09/19		0.50002.09
09/21/01INTEREST ON CREDIT BALANCE
AT 1 1/2% 09/20 THRU 09/20		1.50006.26
09/21/01INTEREST ON CREDIT BALANCE
AT 2 1/2% 09/17 THRU 09/18		2.500020.87
09/21/01INTEREST ON CREDIT BALANCE
AT 3,000% 08/21 THRU 09/16		3.00001,589.66
TOTAL$1,618.88
027 09/29/01;10:55 001 EFTA00200581 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 8 of 9 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 This statement is provided to explain Bear, Stearns & Co., Inc.'s ("BSC") payment for order flow practices. BSC routes a majority of orders for customer securities transactions to the primary market for such securities. Orders may also be routed to other market service vendors that assure executions pursuant to complex mathematical formulas at better than the national best bid or best offer (NBBO). BSC receives no cash payment or other consideration for such order routing other than favorable executions or executions of limit orders at no additional charge. ## Your messages JEFFREY EPSTEIN Beginning October 31, 2001, you may request the identity of the venue to which any of your orders were routed for execution (if the order was within the six months prior to the request or July 2, 2001, whichever is a later date), whether the order was directed by you to that venue, and the time of the executions, if any, that resulted from such orders. STATEMENT PERIOD September 1, 2001 THROUGH September 28, 2001 AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2001 | | :--- | :--- | 027 09/29/01;10:55 001 V500 EFTA00200582 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 9 of 9 Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 At May 25, 2001 and July 27, 2001, the Company's net capital of $2.7 billion and $2.7 billion was approximately 8.9% and 9.2% of aggregate debit items and exceeded the minimum regulatory net capital requirement of $605.5 million and $585.5 million by $2.1 billion and $2.1 billion, all respectively, ## Bear, Stearns Securities Corp. Net Capital and Net Capital Requirements: JEFFREY EPSTEIN 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 STATEMENT PERIOD September 1, 2001 | LAST STATEMENT | August 31, 2001 | | :--- | :--- | TAXPAYER NUMBER On File THROUGH September 28, 2001 ACCOUNT NUMBER Securities and other assets in your account are the firm's collateral for any margin loan made to you. If the securities and other assets in your account decline in value, so does the value of the collateral supporting your loan, and, as a result, the firm can take action, such as issue a margin call and/or sell securities or other assets in any of your accounts held with the member, in order to maintain the required equity in the account. It is important that you fully understand the risks involved in trading securities on margin. These risks include the following: You can lose more funds than you deposited in the margin account. The firm can force the sale of securities or other assets in your account(s). The firm can sell your securities or other assets without contacting you. You are not entitled to choose which securities or other assets in your account(s) are liquidated or sold to meet a margin call. The firm can increase it's "house" maintenance requirements at any time and is not required to provide you advance written notice. You are not entitled to an extension of time on a margin ******* End of Statement******* 027 09/29/01;10:55 001