## Statements

EFTA00201132



BEAR
STEARNS


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 |

Important Message

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.







JEFFREY EPSTEIN

457 MADISON AVENUE 4TH FLR

NEW YORK NY 10022-6809



## Premise or Third Party Repurchase Agreements with Bear, Stearns& Co.Inc. outstanding as of date of statement



CLEARED THROUGH ITS

WHOLLY OWNED SUBSIDIARY



<table border="1"><tr><td>PURCHASE/START DATE</td><td>REPURCHASE/END DATE</td><td>PURCHASE PRICE/PRINCIPAL</td><td>PRICINGRATE</td><td>REPO/ACCRUEDINTEREST*</td><td>NET AMOUNT</td></tr><tr><td>03/27/01</td><td>OPEN</td><td>1,050,087.12</td><td>3.770000</td><td>16,850.16</td><td>1,066,937.28</td></tr></table>

<table><thead><tr><th>05/23/01</th><th>OPEN</th><th>12,495,201.80</th><th>3.770000</th><th>73,021.98</th><th>12,568,223.78</th></tr></thead><tbody><tr><td colspan="5">TOTAL REPURCHASE AGREEMENTS</td><td>$13,635,161.06</td></tr></tbody></table>

*As of statement date*

The above positions do not appear in any other section of this statement.

| LAST STATEMENT | April 27, 2001 |

| :--- | :--- |



Bear, Steams Securities Corp.

One Metrotech Center North

Brooklyn, New York 11201-3859





JEFFREY EPSTEIN

TAXPAYER NUMBER On File

THROUGH May 25, 2001



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



ACCOUNT NUMBER

STATEMENT PERIOD April 28, 2001

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 05/26/01;12:59 001

V478

EFTA00201133



CLEARED THROUGH ITS
WHOLLY OWNED SUBSIDIARY




2 of 2


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

JEFFREY EPSTEIN

STATEMENT BACKER IS PRINTED ON THIS PAGE

027