Bear Stearns brokerage statement for Jeffrey Epstein, May 2001

EFTA00200604¶

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

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSIDIARY¶

| | |¶

| :--- | :--- |¶

| ACCOUNT EXECUTIVE | ZICHERMAN, IRA |¶

| TELEPHONE | |¶

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

Financial Summary	3
Your Portfolio Holdings	4
Transaction Detail	5

What’s In This Statement¶

| JEFFREY EPSTEIN |¶

| :--- |¶

| 358 EL BRILLO WAY |¶

| PALM BEACH FL 33480-4730 |¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

JEFFREY EPSTEIN¶

ACCOUNT NUMBER¶

THROUGH May 25, 2001¶

TAXPAYER NUMBER On File¶

STATEMENT PERIOD April 28, 2001¶

| LAST STATEMENT | April 27, 2001 |¶

| :--- | :--- |¶

Your Portfolio at a Glance¶

TOTAL VALUE OF SECURITIES THIS PERIOD*	6,654,435
NET CREDIT BALANCE	55,824
NET EQUITY THIS PERIOD	$6,710,259
NET EQUITY LAST STATEMENT	6,795,671
CHANGE SINCE LAST STATEMENT	-85,412

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.¶

Market Value of Your Portfolio¶

In an effort to deliver statements to you more efficiently, Bear Stearns has enhanced the distribution of statements to household accounts.¶

Beginning in June, all statements with the same Address and Social Security number / Taxpayer identification number will be mailed in a single envelope. For further details, please contact your account executive.¶

Important Message¶

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	$300,346.70
Funds Deposited	750,000.00
Dividends/Interest	5,477.44
Amount Credited	$755,477.44
Funds Withdrawn	-1,000,000.00
Amount Debited	$-1,000,000.00
Net Cash Activity	-244,522.56
ClosingBalance	$55,824.14

Cash Balance Summary¶

	OPENING	CLOSING
Cash	300,346.70	55,824.14
Net Cash Balance	$300,346.70	$55,824.14

Income Summary¶

	THIS PERIOD	YEAR TO DATE
Dividends	4,500.00	37,756.47
Credit Balance Int.	977.44	28,712.36
Total	$5,477.44	$66,468.83

Portfolio Composition¶

	SHORT	LONG
Cash/Cash Equivalent		55,824
Equities	220,000	6,874,435
Total	$220,000	$6,930,259

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

JEFFREY EPSTEIN¶

STATEMENT PERIOD	April 28, 2001
THROUGH	May 25, 2001
ACCOUNT NUMBER
TAXPAYER NUMBER	On File
LAST STATEMENT	April 27, 2001

Your Portfolio Allocation¶

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

EFTA00200607¶

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
CASH BALANCE				55,824
TOTAL CASH & CASH EQUIVALENTS				$55,824

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	16.9200	846,000
BANK ONE CORP	ONE	CASH	30,561	38.6100	1,179,960	25,671	2.1756
CENTER TR INC	CTA	CASH	2,000	3.8100	7,620	320	4.1995
CANHORN CHEMICAL CORP	CNCPF	CASH	19	Unpriced
CROWN AMERICAN REALTY TRUST	CWN	CASH	5,000	8.3000	41,500	4,200	10.1205
FELCOR LODGING TRUST INC	FCH	CASH	2,000	24.5900	49,180	4,400	8.9467
GLENBOROUGH REALTY TRUST INC	GLB	CASH	2,000	18.5900	37,180	3,360	9.0371
GLIMCHER REALTY TRUST-SBI	GRT	CASH	2,000	16.2900	32,580	3,846	11.8048
HRPT PROPERTIES TR-SBI	HRP	CASH	10,000	8.9400	89,400	8,000	8.9485
HOSPITALITY PROPERTIES TRUST SBI	HPT	CASH	2,000	27.5600	55,120	5,600	10.1597
JOHNSON& JOHNSON	JNJ	CASH	28,900	97.2500	2,810,525	41,616	1.4807
KRAMONT REALTY TRUST	KRT	CASH	2,000	12.6700	25,340	2,600	10.2605
ORACLE CORP	ORCL	MRGN	100,000	16.5100	1,651,000
CALL ORACLE CORP SEP17.50**** EXP 09/22/2001	ORQI17	MRGN	-1,000	2.2000	-220,000

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSIDIARY¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

STATEMENT PERIOD April 28, 2001¶

THROUGH May 25, 2001¶

JEFFREY EPSTEIN¶

AGCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | April 27, 2001 |¶

| :--- | :--- |¶

027¶

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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 (%)
RAMCO GERSHENSON PROPERTIES TRUST-MD SBI	RPT	CASH	2,000	16.8800	33,760	3,360	9.9526
SIRIUS SATELLITE RADIO INC Total Equities& Options	SIRI	CASH	1,000	15.2700	15,270
TOTAL EQUITIES					$6,654,435	$102,973

YOUR TOTAL ESTIMATED ANNUAL INCOME	$102,973
YOUR PRICED PORTFOLIO HOLDINGS	$6,710,259

Transaction Detail¶

DEPOSITS AND WITHDRAWALS¶

DATE	TRANSACTION	DESCRIPTION	DEBIT AMOUNT	CREDIT AMOUNT
05/23/01	FND WIRED	WIRED TO PALM BEACH NATL BR & TR CO $ COMING FROM CTC TODAY	1,000,000.00
05/23/01	FUNDS REC	FNDS WIRED TO CITIBANK FROM CTC NJ		750,000.00
TOTAL			-1,000,000.00	$750,000.00

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

Bear, Steams Securities Corp.¶

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

JEFFREY EPSTEIN¶

STATEMENT PERIOD April 28, 2001¶

THROUGH May 25, 2001¶

AGCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | April 27, 2001 |¶

| :--- | :--- |¶

027¶

05/26/01;10:08 001¶

V478¶

EFTA00200609¶

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¶

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JEFFREY EPSTEIN¶

Transaction Detail (continued)¶

STATEMENT PERIOD April 28, 2001¶

DIVIDENDS¶

THROUGH May 25, 2001¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | April 27, 2001 |¶

| :--- | :--- |¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE ($)	DEBIT AMOUNT	CREDIT AMOUNT
04/30/01	FELCOR LODGING TRUST INC REC 04/13/01 PAY 04/30/01	FCH	2,000	0.5500		1,100.00
05/24/01	HOSPITALITY PROPERTIES TRUST SBI REC 04/23/01 PAY 05/24/01	HPT	2,000	0.7000		1,400.00
05/25/01	HRPT PROPERTIES TR-SBI REC 04/24/01 PAY 05/25/01	HRP	10,000	0.2000		2,000.00
TOTAL						$4,500.00

INTEREST¶

DATE	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	RATE (%)	DEBIT AMOUNT	CREDIT AMOUNT
05/21/01	INTEREST ON CREDIT BALANCE AT 3 1/2% 05/15 THRU 05/20			3.5000		175.84
05/21/01	INTEREST ON CREDIT BALANCE AT 4,000% 04/21 THRU 05/14			4.0000		801.60
TOTAL						$977.44

******* End of Statement*******¶

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