EFTA00201175

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 ... 3

Transaction Detail 4





# JEFFREY EPSTEIN

AMERICAN YACHT HARBOR

BOX LSJ RED HOOK QUARTER

ST THOMAS'S US VI 00802

JEFFREY EPSTEIN

TAXPAYER NUMBER Not Available

ACCOUNT NUMBER

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

LAST STATEMENT

STATEMENT PERIOD October 27,2001

THROUGH November 30, 2001

## Your Portfolio at a Glance

<table border="1"><tr><td>NET CREDIT BALANCE</td><td>7,500,000</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$7,500,000</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>0</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>7,500,000</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.

027 12/01/01:13:55 001

V513

EFTA00201176

JEFFREY EPSTEIN

2 of 4

STATEMENT BACKER IS PRINTED ON THIS PAGE

027

EFTA00201177



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

3 of 4

## Cash Flow Analysis

<table border="1"><tr><td></td><td>THIS PERIOD</td></tr><tr><td>OpeningBalance</td><td>$0.00</td></tr><tr><td>Miscellaneous</td><td>7,500,000.00</td></tr><tr><td>Amount Credited</td><td>$7,500,000.00</td></tr><tr><td>Net Cash Activity</td><td>7,500,000.00</td></tr><tr><td>ClosingBalance</td><td>$7,500,000.00</td></tr></table>

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>0.00</td><td>7,500,000.00</td></tr><tr><td>Net Cash Balance</td><td>$0.00</td><td>$7,500,000.00</td></tr></table>

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>7,500,000</td></tr><tr><td>Total</td><td>$7,500,000</td></tr></table>

## 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>7,500,000</td><td></td><td></td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$7,500,000</td><td></td><td></td></tr></tbody></table>

<table border="1"><tr><td>YOUR PRICED PORTFOLIOHOLDINGS</td><td>$7,500,000</td></tr></table>

STATEMENT PERIOD October 27, 2001

## JEFFREY EPSTEIN

027

THROUGH November 30, 2001

## Your Portfolio Allocation

TAXPAYER NUMBER Not Available

LAST STATEMENT



12/01/01;13:55 001


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

EFTA00201178



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 4



Transaction Detail


## MISCELLANEOUS

<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>11/30/01</td><td>JOURNAL</td><td>FROM LOA</td><td></td><td>7,500,000.00</td></tr><tr><td colspan="4">TOTAL</td><td>$7,500,000.00</td></tr></tbody></table>





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


JEFFREY EPSTEIN

STATEMENT PERIOD October 27,2001

THROUGH November 30, 2001

ACCOUNT NUMBER

TAXPAYER NUMBER Not Available

LAST STATEMENT

027



12/01/01;13:55 001


V513

EFTA00201179