Bear Stearns account statement for Jeffrey Epstein, July–August 2001

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OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167¶

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| ACCOUNT EXECUTIVE | ZICHERMAN,IRA |¶

| TELEPHONE | |¶

| VISIT OUR WEBSITE | www.bearstearns.com |¶

What’s In This Statement¶

Your Portfolio Holdings … 4¶

Transaction Detail … 5¶

Fund Activity 6¶

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSIDIARY¶

| JEFFREY EPSTEIN |¶

| :--- |¶

| 358 EL BRILLO WAY |¶

| PALM BEACH FL 33480-4730 |¶

Your Portfolio at a Glance¶

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¶

*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*	5,549,618
NET CREDIT BALANCE	1,438,796
MONEY MARKET FUND BALANCE	8,027,714
NET EQUITY THIS PERIOD	$15,016,128
NET EQUITY LAST STATEMENT	17,447,354
CHANGE SINCE LAST STATEMENT	-2,431,226

| LAST STATEMENT | July 27, 2001 |¶

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JEFFREY EPSTEIN¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

STATEMENT PERIOD July 28, 2001¶

THROUGH August 31, 2001¶

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.
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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶

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

JEFFREY EPSTEIN¶

STATEMENT BACKER IS PRINTED ON THIS PAGE¶

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BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167¶

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Cash Flow Analysis¶

	THIS PERIOD
OpeningBalance	$250,212.93
Securities Sold	1,138,051.14
Money Fund	2,022,606.56
Funds Deposited	45,235.74
Dividends/Interest	5,295.73
Amount Credited	$3,211,189.17
Money Fund	-22,606.56
Funds Withdrawn	-2,000,000.00
Amount Debited	$-2,022,606.56
Net Cash Activity	1,188,582.61
Closing Balance	$1,438,795.54

Cash Balance Summary¶

	OPENING	CLOSING
Cash	250,212.93	1,438,795.54
Net Cash Balance	$250,212.93	$1,438,795.54

Income Summary¶

	THIS PERIOD	YEAR TO DATE
Dividends	4,520.00	63,519.88
Other Dividends	22,606.56	27,714.03
Credit Balance Int.	775.73	30,318.16
Total	$27,902.29	$121,552.07

Portfolio Composition¶

	SHORT	LONG
Cash/Cash Equivalent		9,466,510
Equities	5,000	5,554,618
Total	$5,000	$15,021,128

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶

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

JEFFREY EPSTEIN¶

STATEMENT PERIOD	July 28, 2001
THROUGH	August 31, 2001
ACCOUNT NUMBER
TAXPAYER NUMBER	On File
LAST STATEMENT	July 27, 2001

Your Portfolio Allocation¶

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BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167¶

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Your Portfolio Holdings¶

CASH & CASH EQUIVALENTS¶

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
CASH BALANCE				1,438,796
DREYFUS TAX EXEMPT CASH MANAGEMENT INSTL SH	26202K205	8,027,714.03	1.0000	8,027,714	200,693	2.5000
TOTAL CASH & CASH EQUIVALENTS				$9,466,510	$200,693

EQUITIES¶

Equities & Options¶

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
ALLIED WASTE INDUSTRIES INC NEW	AW	CASH	50,000	18.1300	906,500
CENTER TR INC	CTA	CASH	2,000	4.1300	8,260	320	3.8741
CANHORN CHEMICAL CORP	CNCPF	CASH	19	Unpriced
CROWN AMERICAN REALTY TRUST	CWN	CASH	5,000	8.3100	41,550	4,200	10.1083
FELCOR LODGING TRUST INC	FCH	CASH	2,000	21.0300	42,060	4,400	10.4612
GLENBOROUGH REALTY TRUST INC	GLB	CASH	2,000	20.7500	41,500	3,360	8.0964
GLIMCHER REALTY TRUST-SBI	GRT	CASH	2,000	18.1000	36,200	3,846	10.6243
HRPT PROPERTIES TR-SBI	HRP	CASH	10,000	8.7300	87,300	8,000	9.1638
HOSPITALITY PROPERTIES TRUST SBI	HPT	CASH	2,000	28.5200	57,040	5,680	9.9579
JOHNSON & JOHNSON	JNJ	CASH	57,800	52.7100	3,046,638	41,616	1.3660
KRAMONT REALTY TRUST	KRT	CASH	2,000	12.9600	25,920	2,600	10.0309
ORACLE CORP	ORCL	MRGN	100,000	12.2100	1,221,000

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSIDIARY¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

JEFFREY EPSTEIN¶

STATEMENT PERIOD July 28, 2001¶

THROUGH August 31, 2001¶

AGCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | July 27, 2001 |¶

| :--- | :--- |¶

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BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167¶

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Your Portfolio Holdings (continued)¶

Equities & Options (continued)¶

DESCRIPTION	SYMBOL/CUSIP	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
CALL ORACLE CORP SEP17.50**** EXP 09/22/2001	ORQI17	MRGN	-1,000	0.0500	-5,000
RAMCO GERSHENSON PROPERTIES TRUST-MD SBI	RPT	CASH	2,000	17.0000	34,000	3,360	9.8824
SIRIUS SATELLITE RADIO INC Total Equities& Options	SIRI	CASH	1,000	6.6500	6,650
TOTAL EQUITIES					$5,549,618	$77,382

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

YOUR TOTAL ESTIMATED ANNUAL INCOME	$278,075
YOUR PRICED PORTFOLIO HOLDINGS	$15,016,127

Bear, Steams Securities Corp.¶

One Metratech Center North Brooklyn, New York 11201-3859¶

INVESTMENT ACTIVITY¶

Transaction Detail¶

JEFFREY EPSTEIN¶

STATEMENT PERIOD July 28, 2001¶

THROUGH August 31, 2001¶

ACCOUNT NUMBER¶

| LAST STATEMENT | July 27, 2001 |¶

| :--- | :--- |¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
08/27/01	08/22/01	SOLD	BANK ONE CORP UNSOLICITED SEE NOTE "S" ON BACK	ONE	-30,561	37.30000		1,138,051.14
TOTAL								$1,138,051.14

TAXPAYER NUMBER On File¶

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EFTA00200588¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 245 Park Avenue New York, New York 10167¶

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

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Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

Transaction Detail (continued)¶

DEPOSITS AND WITHDRAWALS¶

JEFFREY EPSTEIN¶

STATEMENT PERIOD July 28, 2001¶

THROUGH August 31, 2001¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | July 27, 2001 |¶

| :--- | :--- |¶

MONEY FUND ACTIVITY¶

DATE MO/DAY	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
07/28/01		OPENINGBALANCE		10,005,107.47
08/01/01	SOLD	DREYFUS TAX EXEMPT CASH MANAGEMENT INSTL SH SELL FD	26202K205	-1,000,000	1.0000		1,000,000.00
08/01/01	DIVIDEND	DREYFUS TAX EXEMPT CASH MANAGEMENT INSTL SH MONTHLY DIVIDEND	26202K205				22,606.56
08/01/01	REINVEST	DREYFUS TAX EXEMPT CASH MANAGEMENT INSTL SH DIVIDEND REINVESTED	26202K205	22,606.56		22,606.56
08/08/01	SOLD	DREYFUS TAX EXEMPT CASH MANAGEMENT INSTL SH SELL FD	26202K205	-1,000,000	1.0000		1,000,000.00

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EFTA00200589¶

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 7¶

JEFFREY EPSTEIN¶

Transaction Detail (continued)¶

STATEMENT PERIOD July 28, 2001¶

THROUGH August 31, 2001¶

MONEY FUND ACTIVITY (continued)¶

| LAST STATEMENT | July 27, 2001 |¶

| :--- | :--- |¶

DATE MO/DAY	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
08/31/01		CLOSINGBALANCE		8,027,714.03
TOTAL						-22,606.56	$2,022,606.56

DIVIDENDS¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	DEBIT AMOUNT	CREDIT AMOUNT
07/31/01	FELCOR LODGING TRUST INC REC 07/13/01 PAY 07/31/01	FCH	2,000	0.5500		1,100.00
08/23/01	HOSPITALITY PROPERTIES TRUST SBI REC 07/06/01 PAY 08/23/01	HPT	2,000	0.7100		1,420.00
08/24/01	HRPT PROPERTIES TR-SBI REC 07/26/01 PAY 08/24/01	HRP	10,000	0.2000		2,000.00
TOTAL						$4,520.00

INTEREST¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
08/21/01	INTEREST ON CREDIT BALANCE AT 3 1/4% 07/21 THRU 08/20			3.2500		775.73
TOTAL						$775.73

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