EFTA00201149

OFFICE SERVICING YOUR ACCOUNT
Bear,Stearns International LTD
Regulated by the Security &
Futures Authority
1 Canada Square
London E14 5AD England
0207 516 6614

| | |

| :--- | :--- |

| ACCOUNT EXECUTIVE | ZICHERMAN, IRA |

| TELEPHONE | |

| VISIT OUR WEBSITE | www.bearstearns.com |

## What’s In This Statement

Financial Summary 3

Your Portfolio Holdings ... 4

Transaction Detail 4







JEFFREY EPSTEIN

C/O FINANCIAL TRUST COMPANY

ATTN JEANNE BRENAN

6100 RED HOOK QUARTER B-3

ST THOMAS VI 00802



JEFFREY EPSTEIN

STATEMENT PERIOD April 27, 2002

THROUGH May 31, 2002

| LAST STATEMENT | April 26, 2002 |

| :--- | :--- |

## Your Portfolio at a Glance

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

<table border="1"><tr><td>NET CREDIT BALANCE</td><td>11,529,098</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$11,529,098</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>10,813,739</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>715,360</td></tr></table>

Market Value of Your Portfolio

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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STATEMENT BACKER IS PRINTED ON THIS PAGE

EFTA00201151



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT
Bear,Stearns International LTD
Regulated by the Security &
Futures Authority
1 Canada Square
London E14 5AD England
0207 516 6614

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## Cash Flow Analysis

<table border="1"><tr><td></td><td>THIS PERIOD</td></tr><tr><td>OpeningBalance</td><td>$10,813,738.62</td></tr><tr><td>Dividends/Interest</td><td>15,359.66</td></tr><tr><td>Miscellaneous</td><td>700,000.00</td></tr><tr><td>Amount Credited</td><td>$715,359.66</td></tr><tr><td>Net Cash Activity</td><td>715,359.66</td></tr><tr><td>Closing Balance</td><td>$11,529,098.28</td></tr></table>

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>10,813,738.62</td><td>11,529,098.28</td></tr><tr><td>Net Cash Balance</td><td>$10,813,738.62</td><td>$11,529,098.28</td></tr></table>

Income Summary

<table border="1"><tr><td></td><th>THIS PERIOD</th><th>YEAR TO DATE</th></tr><tr><td>Credit Balance Int.</td><td>15,359.66</td><td>79,098.28</td></tr><tr><td>Total</td><td>$15,359.66</td><td>$79,098.28</td></tr></table>

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>11,529,098</td></tr><tr><td>Total</td><td>$11,529,098</td></tr></table>

JEFFREY EPSTEIN



06/01/02;18:29 001


EFTA00201152



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT
Bear,Stearns International LTD
Regulated by the Security &
Futures Authority
1 Canada Square
London E14 5AD England
0207 516 6614

4 of 5

## 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>11,529,098</td><td></td><td></td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$11,529,098</td><td></td><td></td></tr></tbody></table>

JEFFREY EPSTEIN

<table border="1"><tr><td>YOUR PRICED PORTFOLIOHOLDINGS</td><td>$11,529,098</td></tr></table>

STATEMENT PERIOD April 27, 2002

THROUGH May 31, 2002



INTEREST




Transaction Detail


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

<table><thead><tr><th>DATE</th><th>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>05/20/02</td><td>INTEREST ON CREDIT BALANCE<br>J EPSTEIN , CASH COLLAT IN 2002-04-22 TO 2002-05-19</td><td></td><td></td><td></td><td></td><td>15,359.66</td></tr><tr><td colspan="7">TOTAL</td><td>$15,359.66</td></tr></tbody></table>

## MISCELLANEOUS

| DATE MO/DAY | TRANSACTION | DESCRIPTION | DEBIT AMOUNT | CREDIT AMOUNT |
| :--- | :--- | :--- | :--- | :--- |
| 05/02/02 | JOURNAL | FROM PER LOA | | 400,000.00 |

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EFTA00201153



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT
Bear,Stearns International LTD
Regulated by the Security &
Futures Authority
1 Canada Square
London E14 5AD England
0207 516 6614

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## **Transaction Detail** (continued)

MISCELLANEOUS (continued)

<table><thead><tr><th>DATE MO/DAY</th><th>TRANSACTION</th><th>DESCRIPTION</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td rowspan="2">05/03/02</td><td rowspan="2">JOURNAL</td><td>FROM</td><td></td><td>300,000.00</td></tr><tr><td>PER LOA</td><td></td><td></td></tr><tr><td colspan="4">TOTAL</td><td>$700,000.00</td></tr></tbody></table>





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



JEFFREY EPSTEIN

STATEMENT PERIOD April 27, 2002

THROUGH May 31, 2002

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

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