EFTA00195303

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Statements EFTA00195303 CLEARED THROUGH ITS ViHOU.Y 01MYED $11B901Ariv OFFICE SERVICING YOUR ACCOUNT Steams SMARR GOO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Clroo Mettotech Caner North Etrccidon. New Yak 1120/3859 STEARNS EPSTEIN INTERESTS INVESTMENT PROFESSIONAL ZICHERMAN.IFtA STATEMENT PERK* December 1.2006 TELEPHONE THROUGH December 29.2006 VISIT OUR WEBSITE 4ww.bearstearns.com ACCOUNT NUMBER What's In This Statement lllll I I I I I I''lt IIItillillIll ll TAXPAYER NUMBER On Pile LAST STATEMENT Weenies)r 30. 2006 Financial Summary 3 EPSTEIN INTERESTS Your Portfolio Holdings 4 DTD 12/26/91 Transaction Detail 5 JEFFERY E EPSTEIN & MARK L Fund Activity 5 EPSTEIN & WILLIAM ELKUS TTEES Your Messages 6 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022-6843 Your Portfolio at a Glance Market Value of Your Portfolio II any information regarding 2006interest, dividends. Cash a Egswarem $286.058 miscellaneous income. gross TOTAL VALUE OF SECURITIES THIS PERIOD' 348.150 $283.909 proceeds or original issue MONEY MARKET RAND BALANCE 286.058 7.28.150 $34 discount is required to be Equities $33 00 reported to the IRS for this account. a Consolidated Form NET EQUITY THIS PERIOD $634.208 Current market value 1099will be mailed to you by MO Last statement's market value January 31.20070r a 1042S NET EQUITY LAST STATEMENT 621,109 by March 15.2007. CHANGE SINCE LAST STATEMENT 13,099 'Tho patrsto mcludes ere or more lorded maims Past we not retested nix Taal Yen of Smarms and We Na Equty This Period There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Flomte mon asor diferonoo a contacted el duds or MOCKS. fidlcaiod as dritrotta to you. Aan an 'Owen is kw stuesSerul Immo, coly It Is la "'eroded as a taw doom-tett lo Clem Sonic*. at 800E04-14211: a veto to Clam SONIC.. a Bow. Steam Sccumes Tess statement shose5 be retained for your records See reverses,* for orporton ricematce Cap One Lletmlab Cents" North. BrooNyn NY 112014859 027 1W30-060923 001 V003 EFTA00195304 CLEARED THROUGH ITS WHOLLY OWED SUBSIDIARY Beef. SOWN Secw$n GOO. One Me rotech Conte North 9co9201. New York 11201.3859 EPSTEIN INTERESTS 2 ol STATEMENT BACKER IS PRINTED ON THIS PAGE 027 12/3ONBA923 001 V003 EFTA00195305 CLEARED THROUGH ITS IMICUY (AWED SLISSIDIAAv OFFICE SERVICING YOUR ACCOUNT SW. steams se:wives coin Bear. Stearns & Co. Inc. BUR 383 Madison Avenue New YY New York 10179 Ono Mafrotech Conic. HORN Sicdtlin. Nay York 11201.3559 STEARNS EPSTEIN INTERESTS 3 STATEMENT PERIOD December 1.2006 THROUGH December 29.2006 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER MASER OR Fee THIS PERIOD 1116 PERIDO YEAR TO DATE LAST STATEMENT Noventer 30.2006 Opening Balance $0.00 Dividends 2.149.08 11.504.33 Money Fund 1.274.08 Total 52 149.08 $11.504.33 Dividends/Interest 875.00 Amount Credited $2,149.08 Portfolio Composition Money Fund -2.149.08 Cash/Cash Equivalent 286.058 Amount Debited $-2.149.08 Equities 348.150 Closing Balance $0.00 Total $634.208 Your Portfolio Allocation Cash & Equivate 46% Equities 54% Unteeeti Preen, denote 000* OttenCe omit, shod Ticket vatos alocamn warm": is clawed Irom to amok*, (radon Wk,* os pr.e pallono. 027 1240060923 001 V003 EFTA00195306 CLEARED THROUGH ITS 190ICUY OMIVED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT SW. steams settywes cow Bear. Stearns & Co. Inc. Ono Mafrobxh Conk. North BEAR 383 Madison Avenue New YY New York 10179 Sccdtlin. New York 11201.3559 STEARNS EPSTEIN INTERESTS 4 STATEMENT PERIOD December 1, 2006 THROUGH December 29.2006 ACCCUNT NUMBER TAXPAYER AVSSER On File LAST STATEMENT NO/0SW 30.2006 Your Portfolio Holdings CASH & CASH EQUIVALENTS WOO ESTIMATED CURRENT DESCRPOON SYMEIWCVSIP Owen PACE VALUE ANNUAL INCOME MITI%) DREYFUS CASH MANAGEMENT-CL A DICA 286,057.99 1.0000 286.058 14.589 5.1000 INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 5.1700% TOTAL CASH & CASH EQUIVALENTS $286.058 514.589 EQUITIES Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 = Outperform; P = Peer Perform; U = Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market underweight. In cases where the BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed. where such research is available. The various providers use different ratings systems and have normalized them as follows: B = Buy; H = Hold: S = Sell (this may not always correspond directly to the underlying rating system used by each provider or BSC). The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal, or investment advice. Bear Steams is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at www.bearsteams.com or can call (800) 517.2327 to request that a copy of this research be sent to them. AOC! MARKET ESTIMATED CURRENT DESCRATION SYMEIWCUSIP TTIT OUANOTT PRCE VALUE ANNUAL INCOME YEW 1%4 ABERCROMBIE & FITCH CO-Cl. A ANF CASH 5,000 69.6300 348.150 3.500 1.0053 BSC RATING: STOCK 0/SECTOR MW BUCKINGHAM RESEARCH RATING: BANPAIS SA-SPONSOREDADR SPIRT CASH 20.000 Unpticed REPSTG 6 SER L SHS Total Equities& Options $348.150 83.500 TOTAL EQUITIES $348.150 83.500 027 124006,3923 001 V003 EFTA00195307 CLEARED THROUGH ITS WHOLLY 0918ED SUSSIDIAFiv OFFICE SERVICING YOUR ACCOUNT see'. Stobn18 SMARM COr0 Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ono Metrotoch Cont. North 9,cc4c9n. New York 11201.3859 STEARNS EPSTEIN INTERESTS 5 c, STATEMENT PERIOD December 1.2006 THROUGH December 29.2006 ACCOUNT NUMBER TAXPAYER 084.03ER On FM LAST STATEMENT Novenuter 30.2006 Your Portfolio Holdings (continued) YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME $18.089 YOUR PRICED PORTFOLIOHOLDINGS $634.208 Transaction Detail MONEY FUND ACTIVITY 1.13DAT TRANSACION CESCRIPTC(9 SYMECL,CLGIP 0.:853Cy PaCE CEPrt AAIOUNT CREDIT AMOUNT 12/01/06 OPENINGBALANCE 283.908.91 12101/06 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICXX 1.274.08 INSTITUTIONAL SHARES MONTHLY DIVIDEND 12/01/06 REINVEST DREYFUS CASH MANAGEMENT-CL A DICXX 1,274.08 1,274.08 INSTITUTIONAL SHARES DIVIDEND REINVEST 12/19/06 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICXX 875 1.0000 875.00 INSTITUTIONAL SHARES 12/29;06 CLOSINGBALANCE 286.057.99 TOTAL $.2.149.08 $1.274.08 027 124003,3923 001 V003 EFTA00195308 CLEARED THROUGH ITS YRICUy OWNED SLIEGIDIAAv OFFICE SERVICING YOUR ACCOUNT see'. Stearn SOGNION GOT. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New 7Ork New York 10179 One Ma rotoch Conic. North 9Tocklin. Now York 11201.3859 STEARNS EPSTEIN INTERESTS 6 c) STATEMENT PERIOD Dertember 1.2006 THROUGH December 29.2006 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER WEIMER On File DIVIDENDS LAST STATEMENT NOvernter 30.2006 EWE DESORPTION RYA(SOL.CUSIP CcANTITY RATE (S) Men AMOUNT MOH AMOUNT 12:19106 ABERCROMBIE & FITCH CO.CL A ANF 5.000 0.1750 875.00 REC 1I /2806 PAY 1216,06 TOTAL 5875.00 Your messages As part of the National Association of Securities Dealers (NASD) Investor VW' Education Program, you may obtain information on the NASD's Public Disclosure Program by contacting the NASD at telephone number (800) 289.9999 or via the internet address which is www,nasdr,com, In addition, a brochure explaining the Public Disclosure Program is available from the NASD upon request, End of Statemen 027 12/30030923 001 8003 EFTA00195309 CLEARED THROUGH ITS VAIOU.Y OMIED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Seer. SOWS Seetveke Corp. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ono tkettech Corner None 8rock/gn. New Yak 11201.3859 STEARNS EPSTEIN INTERESTS ACCOUNT EXECUTIVE ZICHERMAN.IPA STATEMENT PERIOO November 1.2006 TELEPHONE ■ THROUGH November 30.2006 VISIT OUR WEBSITE nvnv.bearstearns.com ACCOUNT NUMBER What's In This Statement llllIllIllllllllllllllllllllllllllllllllllllllllllllllllllllII TAXPAYER KIJSISER Oil File LAST STATEMENT October 31.2006 Financial Summary 3 EPSTEIN INTERESTS Your Portfolio Holdings 4 DTD 12/26191 Transaction Detail 5 JEFFERY E EPSTEIN & MARK L Fund Activity 5 EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022-6843 Your Portfolio at a Glance Market Value of Your Portfolio Cash & Ecavvalent 83.909 TOTAL VALUE OF SECURITIES THIS PERIOD' 337.200 $307.552 MONEY MARKET FUND BALANCE 283.909 Equities H 37 200 $383.250 NET EQUITY THIS PERIOD $621.109 Current market vale MIN Last statements market value NET EQUITY LAST STATEMENT 690.802 CHANGE SINCE LAST STATEMENT -69,693 ibis Wrap eiducles one or more urpnced scare's eve ere not release Hex Taal Yea ol Seamen and me Nee (poly 7lYs Penxl There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Plcumo row oaf diroronso a pawpaw of teats or mocks. dimmed as &Mom to oeu. lo CANA Somon 01 FIC0614-142e: a vet to Clem Some.. a Bow. Steam &Humes Cap.. One lAohoIecli Cooly North. 13rooNyn, NY I1201.3$59 Sr nes PaYsTorY a gOr erkeleebenel imposes cely t Is rce "leaded as a rat downed no, Staternerl chased be Maned to, your records See wino Sr to, irrocelart Worms= 027 12)01/0605:58 001 V9I7 EFTA00195310 CLEARED THROUGH ITS WHOLLY OWED SU851OIARY BNI. SINTB $ecw n COrD One Mafrotech Conk. North 9,89tAn. New York 11201.3859 EPSTEIN INTERESTS 2 of STATEMENT BACKER IS PRINTED ON THIS PAGE O27 I2,050805:58 001 8917 EFTA00195311 CLEARED THROUGH ITS VOICUY ONIVED SUSSIDIAAv OFFICE SERVICING YOUR ACCOUNT &NI. Stearns weenies core Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York Nen York 10179 One Mafrotech Calm North 9fcc4t101. Nem York 1120/3959 STEARNS EPSTEIN INTERESTS 3 vi STATEMENT PERIOD NOvel1109f 1,2006 THROUGH November 30.2006 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER KAMER On File THIS PERIOD 111t3 PERIOD YEM TO DATE LAST STATEMENT OCIObet 31.2006 Opening Balance $0.00 Dividends 1,356.50 9,355.25 Money Fund 26,356.50 Total $1.356.50 $9,355.25 Amount Credited $26.356.50 Money Fund -1.356.50 Portfolio Composition Funds Withdrawn -25.000.00 Cashleash Equivalent 283.909 Amount Debited $-26.356.50 Equities 337.200 Closing Balance $0.00 Total $621.109 Your Portfolio Allocation Cash & Equivale 46% Equities 5455 Unteeeti Preen, denote 000* OttenCe wick, shod Ticket vatos Tho matrix,: is clorhod from to absoLm minim mak* or pxe pallono. 027 12/01/0805:58 001 V917 EFTA00195312 CLEARED THROUGH ITS VOICUY OMIVED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT see'. Steams Sawlike, Cow Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 One Mafrobxh Conley North Sio*No. New York 11201.3859 STEARNS EPSTEIN INTERESTS 4 STATEMENT PERIOD NOvel1109f I, 2006 THROUGH November 30.2006 ACCOUNT NUMBER TAXPAYER NUUSER On File LAST STATEMENT WOW 31.2006 Your Portfolio Holdings CASH & CASH EQUIVALENTS WOO ESTIMATED CURRENT DESCRPSOti SYMEICIJCVSIP ouornw ?Fla VALUE MNIAN. INCOME MITI%) DREYFUS CASH MANAGEMENT -CL A DICA 283,908.91 1.0000 283.909 15.047 5.2999 INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 5.1900% TOTAL CASH & CASH EQUIVALENTS $283.909 $15,047 EQUITIES Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 = Outperform; P = Peer Perform; U = Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market underweight. In cases where the BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed. where such research is available. The various providers use different ratings systems and have normalized them as follows: B = Buy; H = Hold: S = Sell (this may not always correspond directly to the underlying rating system used by each provider or BSC). The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal, or investment advice. Bear Steams is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at www.bearsteams.com or can call (800) 517.2327 to request that a copy of this research be sent to them. ACC! MARCET ESTIMATED CURRENT DESCRATION SYMEIWCUSIP MT OUANSTY PRCE VALUE ANNUM. INCOME YEW IN) ABERCROMBIE & FITCH CO-Cl. A ANF CASH 5,000 67.4400 337.200 3.500 1.0380 BSC RATING: STOCK 0/SECTOR MW BUCKINGHAM RESEARCH RATING: 8 BANPAIS SA-SPONSOREDADR SPIRT CASH 20.000 Unposed REPSTG 6 SER L SHS Total Equities& Options $337.200 $3.500 TOTAL EQUITIES $337.200 $3.500 027 12/01/0805:58 001 V917 EFTA00195313 CLEARED THROUGH ITS WHOLLY OURJED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT ERNI. steams swoon cow Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 One Matrotock Conk. North 9ccdtlin. New York 11201.3859 STEARNS EPSTEIN INTERESTS 5 o STATEMENT PERIOD NOvel1109f 1,2006 THROUGH November 30.2006 ACCOUNT NUMBER TAXPAYER PME93ER On File LAST STATEMENT October 31.2006 Your Portfolio Holdings (continued) YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $18,547 YOUR PRICEDPORTFOLIOHOLDINGS $621,109 Transaction Detail DEPOSITS AND WITHDRAWALS DATE TPANSACT CC, DESCRP ICU DUO AMOUNT CREDIT AMOUNT 11/20/06 FNDt ilDA WIRED TO 25,000.00 E BANK. NA 4 TOTAL $-25.000.00 MONEY FUND ACTIVITY DATE MOOAY TRANSACTION DESCRIPTION SYMECCiCUSIP GU/MITT MOE COW AMOUNT CREDIT AMOUNT 11/01/06 OPENINGBALANCE 307,552.41 11/01/06 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICA 1,356.50 INSRTUTIONAL SHARES MONTHLY DIVIDEND 027 12/01/0805:58 001 V917 EFTA00195314 CLEARED THROUGH ITS VOICUY OMIVED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT see'. Steams Set:wren Core Bear. Stearns & CO. Inc. BEAR 383 Madison Avenue New York Nen York 10179 One Mafrotoch Conk. North 9coMtlin. New York 11201.3859 STEARNS EPSTEIN INTERESTS 6 c/ STATEMENT PERIOD NOvell108f 1,2006 THROUGH November 30.2006 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER KAMER On File MONEY FUND ACTIVITY (continued) LAST STATEMENT October 31,2006 DATE MCVAY TRIVISACTICN DESCRIPTI3N SYMEAUCVSIP Comm PATE DEBIT AMOUNT CREDIT ANOINT 11/01/06 REINVEST DREYFUS CASH MANAGEMENT-CL A DIC)0( 1,356.50 1,356.50 INSTITUTIONAL SHARES DIVIDEND REINVEST 11/20/06 SOLD DREYFUS CASH MANAGEMENT-CL A DIC)OC -25.000 1.0000 25,000.00 INSTITUTIONAL SHARES 11/30/06 CLOSINGBALANCE 283.908.91 TOTAL 5.1.356.50 $26.356.50 End of Statement 027 12/01/080518 001 V917 EFTA00195315 CLEARED THROUGH ITS WHOLLY 01MYED SUSSIDIAlly OFFICE SERVICING YOUR ACCOUNT Beer. SOWS SOMAS@ Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Ono Mottotoch Center Noah Etecck/in, New VGA 1120/.3859 STEARNS EPSTEIN INTERESTS ACCOUNT EXECUTIVE ZICHERMAN.IP.A STATEMENT PERK* Septernter 30.2006 TELEPHONE ■ THROUGH October 31.2006 VISIT OUR WEBSITE nvnv.bearstearns.com ACCOUNT NUMBER What's In This Statement IlllIllIllllllllllllllllllllllllllllllllllllllllllllllllllllII TAAPATER MAGER On File LAST STATEMENT September 29.2006 Financial Summary 3 EPSTEIN INTERESTS Your Portfolio Holdings 4 DTD 12/26/91 Transaction Detail 5 JEFFERY E EPSTEIN & MARK L ' Fund Activity 5 EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022-6843 Your Portfolio at a Glance Market Value of Your Portfolio Casty & few/elan H $307,552 TOTAL VALUE OF SECURITIES THIS PERIOD' 383.250 $306.243 MONEY MARKET FUND BALANCE 307.552 Equities $383.250 $347.400 NET EQUITY THIS PERIOD $690,802 Current market value OM Last statements market value NET EOUITY LAST STATEMENT 653,643 CHANGE SINCE LAST STATEMENT 37,159 -Ths wad* mdudes ore or mow uranced smote; Past are not relined n Ise Taal Yen ol Samoan and Pe Na Ewe/ This Paid There are no 'Stop Lose orders or other pending buy or sell open orders on file for your account. Ple.mo roped oat drIoronco a nonroctiot ol dads or stocks. oulicolod as &Woad to 'nu. TMI numb' s to mitrmabanal pompom orEy e k ra fl ooded aS a Um downed lo Gent Sonic*. ol 80004-1128: a note to Clom Sonokos a Som. Steam SccuMos nn staternera should be Maned for your records Soo reverse safe for IrrpOrtat Warman:6 Corp.. One Lleinomn Carle, North. 8roollyn N Y 11201-SGS 027 1110.06.05:26 001 V916 EFTA00195316 CLEARED THROUGH ITS WHOLLY OWED SU651OIARY 1398I.50.9818Kul081 COr0 One Mafrotoch Conk. North 119o9tAn. New York 11201.3859 EPSTEIN INTERESTS 2 o15 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 11051/080528 001 8916 EFTA00195317 CLEARED THROUGH ITS IMICUY (AWED SUSSIDIAAv OFFICE SERVICING YOUR ACCOUNT seer. steams seamiest core Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York Nee York 10179 Ono Mafrotoch Conk. North 9coStlin. New York 1120/3959 STEARNS EPSTEIN INTERESTS 3 STATEMENT PERK* Seplearter 30.2006 THROUGH OCIOter 31.2006 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER AMBER OR Pile NIS PERIOD MC PER 70 YEAR TO DATE LAST STATEMENT September 29.2006 Opening Balance $0.00 Dividends 1,309.46 7,998.75 Money Fund 1,309.46 Total $1,309.46 $7,998.75 Amount Credited $1,309.46 Money Fund -1.309.46 Portfolio Composition Amount Debited $-1,309.46 Cashtash Equivalent 307,552 Equities 383,250 Closing Balance $0.00 Total $690,802 Your Portfolio Allocation Cash & Equivale 45% Equities 55% Unteeeti Preen, donor* 000* 0ttenCe omit, shod Ticket vat's. Tho alocoma patomxp is crowed from to attsolso marker maluo os pxe octilmo. 027 llo)11060526 001 V9I6 EFTA00195318 CLEARED THROUGH ITS VOICUY ORIVED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 13408i. steams seetyives cow Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 One Mafrotoch Conk. North 9rcdtlin. New York 11201.3859 STEARNS EPSTEIN INTERESTS 4 STATEMENT PER100 September 30.2006 THROUGH October 31.2006 ACCOUNT NUMBER TAXPAYER MAIEER On File LAST STATEMENT September 29.2006 Your Portfolio Holdings CASH & CASH EQUIVALENTS MARKET ESTIMATED CURRENT DESCRESOti SYMEICIJCVSIP OUAPITITY PRICE VALUE *MA. INCOME VELD DU DREYFUS CASH MANAGEMENT -CL A DICA 307,552.41 1.0000 307.552 15.685 5.1000 INSTITUTIONAL SHARES EST, 30 DAY AVG VELD 5,1900% TOTAL CASH 8 CASH EQUIVALENTS $307,552 $15.685 EQUITIES Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: 0 = Outperform; P = Peer Perform; U = Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market underweight. In cases where the BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed. where such research is available. The various providers use different ratings systems and have normalized them as follows: B = Buy; H = Hold: S = Sell (this may not always correspond directly to the underlying rating system used by each provider or BSC). The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal, or investment advice. Bear Steams is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons. Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Steams at no cost. Customers can access this research at wvnv.bearsteams.com or can call (800) 517.2327 to request that a copy of this research be sent to them. AOC! IMUCE1 IMMURED CURFENr DESCRATION SWMEICIJCUSIP MT OµNIITY PRICE VALUE ANNUAL INCOME YEW I%) ABERCROMBIE 8 FITCH CO-CL A ANF CASH 5,000 76.6500 383,250 3,500 0.9132 BSC RATING: STOCK 0/SECTOR MW BUCKINGHAM RESEARCH RATING: 8 BANPAIS SA-SPONSOREDADR BPIST CASH 20.000 Unpticed REPSTG 6 SER L SHS Total Equities& Options $383.250 $3.500 TOTAL EQUITIES $383250 $3.500 027 I 1t0b060526 001 V9I6 EFTA00195319 CLEARED THROUGH ITS YAKUT ODIVED SUBIC/MAI, OFFICE SERVICING YOUR ACCOUNT see'. steams savoys Corp Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YOrk New York 10179 Ono Metrotock Conk. North 9caltSn. New York 11201.3859 STEARNS EPSTEIN INTERESTS 5 vi STATEMENT PER100 SepMater 30.2006 THROUGH OCIOter 31.2006 ACCOUNT NUMBER TAXPAYER KAMER OR File LAST STATEMENT September 29.2006 Your Portfolio Holdings (continued) YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME $19.185 YOUR PRICED PORTFOLIOHOLDINGS $690.802 Transaction Detail MONEY FUND ACTIVITY Derr po DAY TruoiSK.TON DESCAIPTON STIADDIJCUSIP Oawirry PkCE CESIT m.40uNt CREDIT AMOUNT 0940/06 OPENINGBALANCE 306.242.95 10/02/06 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICXX 1.309.46 INSTITUTIONAL SHARES MONTHLY DIVIDEND 10/02/06 REINVEST DREYFUS CASH MANAGEMENT-CL A DICU 1,309.46 1,309.46 INSTITUTIONAL SHARES DIVIDEND REINVEST 1041/06 CLOSINGBALANCE 307.552.41 TOTAL $.1309.46 $1.309.46 027 11/01/080528 001 V9113 EFTA00195320 CLEARED THROUGH ITS YilIOLLY OGNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Elefu.SIteMS SOCUdliOS Corp. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Coe Metrotech Center 110141 8tCCit/011. He* vs 11201.9859 STEARNS EPSTEIN INTERESTS ACCOUNT EXECUTIVE ZICHERMANARA STATEMENT PERIOD Seprernter 1.2006 TELEPHONE ■ THROUGH Septeacer 29.2006 VISIT OUR WEBSITE IWAY.bearstearns.com ACCOUNT NUMBER What's In This Statement IIIIIIIIIIIII lllll IIIIII11111111111111111111111IIIIIIIIIIIIIII TAXPAYER NUMBER On Fee LAST STATEMENT August 31.2006 Financial Summary 3 EPSTEIN INTERESTS Your Portfolio Holdings 3 DTD 12/26/91 Transaction Detail 4 JEFFERY E EPSTEIN & MARK L Fund Activity 4 EPSTEIN & WILLIAM ELKUS TTEES Your Messages 6 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022-6843 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURITIES THIS PERIOD' 347.400 Cash &Eq-sent $306.243 6304.413 MONEY MARKET FUND BALANCE 306.243 Equities 6347.400 5322,650 NET EQUITY THIS PERIOD $653,643 Current market value NO Last statement's market Sue NET EQUITY LAST STATEMENT 627,063 CHANGE SINCE LAST STATEMENT 26,580 'TMs psetrao wheys one 01 MOW VIVICS RwtOS RA are not release n fe Taal Yew of Seowbos ard 010 Plot Ewe/ TMs Period There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. 1.1050 t000.1 ant diroronco a morrows( of cream or mocks. Rowed as CIOIWOOX1 10 p5U. Ab• Tin SOT•TerY a Ia SCOIseeRMI Wpm, PM' It Is not fended as dowered 10 0001 SONIC00 fl 800134-1128: a veto lc, Clom Samoa. at Boat. Rearm SCCuMOS Res Statemerl chased be /*aodes' your records Soo reverse So fa owls reormason Cup.. Co. LIN•olecli Coolie Honk BrooBri, NY 112014859 027 09,30,06,3819 001 Y915 EFTA00195321 CLEARED THROUGH ITS YMOLLY ODIVED SU851OMRY ENV. WOMB SOOtelke Ga0. Coo Me rotoch Conley North 9yoNtlin. New York 11201.3859 EPSTEIN INTERESTS 2 of e STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0930030839 001 1915 EFTA00195322 CLEARED THROUGH ITS WHOU.Y (AWED SLISSIDIAAv OFFICE SERVICING YOUR ACCOUNT 1398i. steams sectotoos cork Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York Nee York 10179 coo Mafrotoch Conic. North 9fccItlin. New York 1120/3859 STEARNS EPSTEIN INTERESTS 3 c1 n STATEMENT PERO> September 1,2006 THROUGH September 29.2006 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER KAMER Ofl File This PERICO MC PERIOD YEAR TO DATE LAST STATEMENT August 31.2006 Opening Balance $0.00 Dividends 1.83012 6,689.29 Money Fund 955.12 Total $1.830.12 $6,689.29 Dividends/Interest 875.00 Amount Credited $1.830.12 Portfolio Composition Money Fund -1.83012 Cashtash Equivalent 306.243 Amount Debited $-1.830.12 Equities 347.400 Closing Balance $0.00 Total $653.643 Your Portfolio Holdings Your Portfolio CASH & CASH EQUIVALENTS Allocation MARRS ESTIMATED CLRRENT DESCRPTION SYMBOUCUSIP OUANTJTI PACE WLUE ANWAL INCOME Y110 IN.) DREYFUS CASH MANAGEMENT-CL A DIC/Cr 306.242.95 1.0000 306.243 16.231 5.3000 INSTITUTIONAL SHARES EST 30 DAY AVG new $ 2300% TOTAL CASH 8 CASH EQUIVALENTS $306,243 $16,231 Cash & Equivale 47% Equities 53% Un*Oeeti Preen, donor* 000* OttenCe wick, shod Ticket vat's. TM alocoma patomxp is crowed from to attsolso (radio, maluo os pxe octilmo. 027 0930(0808:39 001 V9I5 EFTA00195323 CLEARED THROUGH ITS WHOLLY OMED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 8408i. steams smokes core Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ono Metrotoch Conk. North 9coStlin. New York 11201.3859 STEARNS EPSTEIN INTERESTS 4 vi STATEMENT PERIOD SOplefriter 1,2006 THROUGH Sepiernter 29.2006 Your Portfolio Holdings (continued) ACCOUNT NUMBER EQUITIES TAXPAYER PAMER Ofl Foe LAST STATEMENT August 31.2006 Equities & Options Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost, Customers can access this research at wvny,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them, ACCT MARKET ESTIMATED OURFENT DESORPTION SYMBOL'CUSIP Tin oumnrr PRCE VALLE ANATOL INCOME YELD DN ABERCROMBIE & FITCH CO-CL A ANF CASH 5.000 69.4800 347.400 3.500 1.0075 BANPAIS SA-SPONSOREDADR 13PIBY CASH 20.000 Unpriced REPSTG 6 SER L SHS Total Equities& Options $347.400 $3.500 TOTAL EQUITIES $347.400 $3.500 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $19,731 YOUR PRICED PORTFOLIOHOLDINGS 5653.643 Transaction Detail MONEY FUND ACTIVITY DATE MOAT TRANSACTION DESCRIPTION SYMECIALISIP PP.OE MIT AMOUNT CREDIT AMOUNT 09/01/06 OPENINGBALANCE 304.412.83 027 0930(0808:39 001 11915 EFTA00195324 CLEARED THROUGH ITS VOICUY ORRJED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT SOP steams &wines corp Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YOrk New York 10179 cneMetrotech Conte. North 9coPtlin. New York 1120/3859 STEARNS EPSTEIN INTERESTS 5 vi STATEMENT PERIOD SPOIERICer 1,2006 THROUGH Semernte 29.2006 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER WIPER On File MONEY FUND ACTIVITY (continued) LAST STATEMENT Aumt 31,2006 DATE AIGOAT TRANS...COM DESCRIPTCRI SYMEAUCVSIP CAINPITT PRICE DEEM AMOUNT CREDIT AMOUNT 09/01/06 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DIC)3( 955.12 INSTITUTIONAL SHARES MONTHLY DIVIDEND 09101/06 REINVEST DREYFUS CASH MANAGEMENT-CL A DICA 955.12 955.12 INSTITUTIONAL SHARES DIVIDEND REINVEST 09119106 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICA 875 1.0000 875.00 INSTITUTIONAL SHARES CLOSINGBALANCE 306.242.95 TOTAL $.1.830.12 5955.12 DIVIDENDS DATE DESCRIPTION STMOWCUSIP OUN4MY RA1E461 DEBIT AMOUNT CREDIT AMOUNT 09/19/06 ABERCROMBIE & FITCH CO-CL A ANF 5,000 0.1750 875.00 REC 062966 PAY 09,1906 TOTAL 5875.00 027 0930(0808:39 001 v915 EFTA00195325 CLEARED THROUGH ITS VOICUY OMIVED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 1398i. Steams S4)00(1981 Cap. Bear. Stearns & CO. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ono Mafrotoch Conic. North 9coStlin. New York 11201.3859 STEARNS EPSTEIN INTERESTS 6 STATEMENT PERIOD September 1,2006 THROUGH September 29.2006 ACCCUNT NUMBER TAXPAYER MUSSER On Foe Your messages LAST STATEMENT August 31.2006 Revenue Sharing These money market funds may in some cases have higher yields than money Advisers, distributors or other affiliates of certain mutual funds (which market funds whose affiliates do make revenue sharing payments. There is, include money market and non-money market funds) may enter into therefore, a potential conflict of interest in the form of an additional financial arrangements to pay brokers that distribute their shares for administrative, incentive to Bear Stearns for making available to customers money market technological or other services, including marketing and other support services funds whose affiliates enter into revenue sharing arrangements. In certain provided to such funds or their affiliates. These fees, commonly referred to as circumstances, a portion of these revenue sharing payments may be passed 'revenue sharing; are separate from and in addition to any shareholder on as compensation to certain Private Client Services account executives, servicing or distribution fees that a mutual fund pays out of its own assets pursuant to its Rule 12b-1 plan and other expenses which are described in a With respect to non money market fund shares held in Bear Stearns funds prospectus fee table. Rule 12b-1 fees and other expenses described in accounts. Bear Steams may receive Rule 12b-1 fees and other compensation a funds prospectus fee table increase a funds expense ratio and decrease the described in a funds prospectus but does not receive revenue sharing funds yieid. Revenue sharing fees, on the other hand. are paid out of the payments, With respect to non-money market fund shares held by certain assets of the fund affiliate and not from the fund's assets and, therefore, have Private Client Services customers away from Bear Steams, Bear Stearns does no impact on a funds expense ratio or yield. receive revenue sharing payments in limited circumstances, A portion of these revenue sharing payments are passed on as compensation to the Private With respect to money market funds, Bear Steams negotiates revenue sharing Client Services account executive designated by the customer. Bear Stearns payments separately with each fund family and not all fund families pay the does not believe that these revenue sharing arrangements involving such same amount or pay according to the same formula. These payments are Private Client Services customers pose a conflict of interest with respect to calculated based on a percentage of the dollar value of the fund assets held by customers whose accounts are held at Bear Stearns. Bear Steams in customer accounts. Bear Steams receives up to 0,66% per year of the average daily assets of fund shares carried in customers accounts The prospectus and statement of additional information of mutual funds at Bear Steams. Money market funds whose affiliates do not make revenue available through Bear Steams may contain additional information regarding sharing payments to Bear Steams are generally not offered or recommended revenue sharing payments made by affiliates of the fund company. by Bear Stearns to its customers, 027 0950(080839 001 V915 EFTA00195326 CLEARED THROUGH ITS VOICUY OMIVED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 13408i. Steams $ecw$n Cote Bear. Stearns & CO. Inc. CceMefrotoch Conk. North BEAR 383 Madison Avenue New YY New York 10179 erudyn, New York 11201.3859 STEARNS EPSTEIN INTERESTS 7 STATEMENT PERKX> September 1,2006 THROUGH September 29.2006 ACCCUNT NUMBER TAXPAYER KHMER ON Foe LAST STATEMENT August 31.2006 Bear, Stearns Securities Corp. Net Capital and Net Capital Requirements: Securities and other assets in your account are the firm's collateral for any In? margin loan made to you. If the securities and other assets in your account At May 31, 2006 and July 31, 2006, the Company's net capital of decline in value, so does the value of the collateral supporting your loan, and, approximately $3.7 billion and $3.8 billion was approximately 7% and 7% of as a result, the firm can take action, such as issue a margin call and/or sell aggregate debit items and exceeded the minimum regulatory net capital securities or other assets in any of your accounts held with the member, in requirement of approximately $1.1 billion and $1,1 billion by approximately order to maintain the required equity in the account, it is important that you $2,6 billion and $2.7 billion, all respectively. fully understand the risks involved in trading securities on margin. These risks include the following: A complete copy of the Bear, Stearns Securities Corp, Statement of Financial Condition is available on the web site www.bearsteams,com. Alternatively, to - You can lose more funds than you deposit in the margin account. request a free printed copy please call - toll free 1.866.299.9331, - The firm can force the sale of securities or other assets in your account(s). • The firm can sell your securities or other assets without contacting you. • You are not entitled to choose which securities or other assets in your account(s) are liquidated or sold to meet a margin call. • The firm can increase its 'house" maintenance margin requirements at any time and is not required to provide you advance written notice. - You are not entitled to an extension of time on a margin call, 027 0950030839 001 V915 EFTA00195327 CLEARED THROUGH ITS VOICUY OMIVED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 8981. Steams SO00(1081 COr0 Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ono Metrotoch Conic. North 9coStlin. New York 11201.3859 STEARNS EPSTEIN INTERESTS 8 STATEMENT PERIOD September 1,2006 THROUGH September 29.2006 ACCCUNT NUMBER TAXPAYER NURSER On Flk LAST STATEMENT August 31.2006 This statement is provided to explain Bear, Stearns & Co. Inc.'s ("BSC") Bar payment for order flow practices. Ear Pursuant to SEC Rule 606, please note the following: BSC routes a majority of orders for customer securities transactions to the Bear, Stearns & Co. Inc. will post its quarterly routing statistics at the following primary market for such securities, Orders may also be routed to other market web link: httpliwww.bearsteams.com/. Click on Individual Investor, Click on service vendors that assure executions pursuant to complex mathematical Equities, Click on Order Routing Practices. formulas at better than the national best bid or best offer (NBB0). BSC receives no cash payment or other consideration for such order routing other Customers of Bear, Steams & Co. Inc. may request information on any order than favorable executions or executions of limit orders at no additional charge. executed within the prior six months from the time of the request, Specifically. you may request the identity of the venue to which the identified orders were routed for execution, whether the order was directed by you to that venue, and the time of the executions, if any, that resulted from such orders. End of Statement 027 0900030839 001 V915 EFTA00195328 CAEARED THROUGH 1TS YillOU.31 ONNEO SUBSIDIARy OFFICE SERVICING YOUR ACCOUNT 1308i. 5/WAS SeetellMS OMA Beer. Steams & Co. Inc. BffiR 383 Madison Avenue Ene lietrotech Cent« North Ebeckbn, New, To.k 11201.3859 STMRNS New York New York 10179 EPSTEIN INTERESTS ACCOUNT EXECUTIE ZICHERMAN.IRA STATEMENT PERK* Most 1.2006 TELEPEONE ■ THROUGH Most 31.2006 VISIT OUR WEGSITE nuntbearstearns.com ACCOUNT NUMBER What's In This Statement I1111111111111114111111111111111111111111111111111111111111111 TAXPAYER 111111113ER On File LAST STATEMENT Jul/ 31.2006 Financial Summary 3 EPSTEIN INTERESTS Your Portfolio Holdings 3 DTD 12/26/91 Transaction Detail 5 JEFFERY E EPSTEIN & MARK L " Fund Activity 5 EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022'6843 Your Portfolio at a Glance Market Value of Your Portfolio Cash & &luwden' $304.413 TOTAL VALUE OF SECURITIES THIS PERIOD' 322.650 $29.028 MONEY MARKET FUND BALANCE 304.413 EquItles 22 650 $629.600 NET EOU1TY TNIS PERIOD $627,063 Current market vakje NET EOUITY LAST STATEMENT 558,628 mi Last statements market Sue CHANGE SINCE LAST STATEMENT 68,435 -no patklio ecludes me ot more vrpnced ~ns ent are nol ',led«, n Te Taal Vele ol Senabos am: me Na (wei Th; genat There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roze nood mor Won!~ or ~roe«t ol ch2cks or slakt nakcaial as dcUn2foa lo ou. SIK "n anTAMY 50, nisem~lowposes otitis nol olended An ton ~meet lo GAAI Sanicos al 80)1,24-1428: or vno lo Mant Sohlcos at Boot &oord Securnos Tos Raten« sbakl be retard k< voor reaxclo See nrars• ode (stomata« etommoon Ca,. <me Menses', Dooie, Ho.. Eirodbn, N Y 11201.3.59 027 0901/0607.58 001 V910 EFTA00195329 CLEARED THROUGH ITS WHOLLY OWED SUBSIDIARY 13981.510.9818 SIMON CYO. One Mafrotoch Conk. North 119o9tAn. New York 11201.3859 EPSTEIN INTERESTS 2 o15 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 09.01/0130758 001 V914 EFTA00195330 CLEARED THROUGH ITS WHOU.Y (AWED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT EINI. steams SR ubes GYP. Bear. Steams & Co. Inc. BEAR 383 Madison Avenue New York. Nee York 10179 One Mafrotoch Conk. North 9coStrin. New York 1120/3959 STEARNS EPSTEIN INTERESTS 3 c/ STATEMENT PERIOD Aegis' 1,2006 THROUGH August 31.2006 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER KISSER On File THIS PERIOD MIS PERIOD YEAR TO DATE LAST STATEMENT July 31.2006 Opening Balance $0.00 Dividends 127.22 4,859.17 Securities Sold 275,257.54 Total $127.22 $4.859.17 Money Fund 127.22 Amount Credited $275.384.76 Portfolio Composition Money Fund -275.384.76 Cashtash Equivalent 304,413 Amount Debited $-275.384.76 Equities 322.650 Closing Balance $0.00 Total $627,063 Your Portfolio Holdings Your Portfolio CASH & CASH EQUIVALENTS Allocation MARKET ESTIMATED CURRENT DESCRPTION SYMBOUCUSIP DUAN71TT PRICE VALUE AANAIL INCOME YIELD I%) DREYFUS CASH MANAGEMENT-CL A DIC/Cr 304,412.83 1.0000 304,413 16.134 5.3000 INSTITUTIONAL SHARES EST 30 DAY AVG new 5 2300% TOTAL CASH & CASH EQUIVALENTS $304,413 $16.134 Cash & Equoale Equities 49% 51% Unteeeti Preen, 0onore 000* 0ttenCe wick, shod Ticket vat's. TM alocoma patomxp N crowed from to attrolso (radio, maw 0s pr.0 027 09,01101307:58 001 V9I4 EFTA00195331 CLEARED THROUGH ITS WHOU.Y OMED SLISSIDIAAv OFFICE SERVICING YOUR ACCOUNT 13404i. Steams sec $n Core Bear. Stearns & CO. Inc. BEAR 383 Madison Avenue One Metrotoch Conic. North 8fcc44/n. New York 11201.3859 STEARNS New York New York 10179 EPSTEIN INTERESTS 4 ri STATEMENT PERIOD hen 1,2006 THROUGH August 31.2006 Your Portfolio Holdings (continued) ACCOUNT NUMBER EQUITIES TAXPAYER MAR3ER On File LAST STATEMENT Jul/ 31.2006 Equities & Options Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost, Customers can access this research at wvAv,bearsteams,com or can call (B00) 517-2327 to request that a copy of this research be sent to them, ADCT PARRKET ESTIEUTED MAROC DESCRATION SYMBOL'CUSIP TYPE QUANTITY PRCE VALUE AMIN. (COME VELD OM ABERCROMBIE & FITCH CO-CL A ANF CASH 5.000 64.5300 322.650 3.500 1.0848 BANPAIS SA-SPONSOREDADR 13PIBY CASH 20.000 Unprised REPSTG 6 SER L SHS Total Equities& Options $322.650 53.500 TOTAL EQUITIES $322.650 53.500 YOUR PORIFOLIOHOLDINGSESTIMAIED ANNUAL INCOME $19,634 YOUR PRICED PORTFOLIOHOLDINGS 5627.063 027 0901/0807:58 001 V914 EFTA00195332 CLEARED THROUGH ITS WHEW. OMNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT END. Stearns Suede's Core Bear. Stearns & CO. Inc. BEAR 383 Madison Avenue New York New York 10179 Merotech Conic. HORN 9fccItlin. New York 1120/3959 STEARNS EPSTEIN INTERESTS 5 d STATEMENT PERIOD Must 1.2006 THROUGH Auguu 31.2006 Transaction Detail ACCOUNT NUMBER TAXPAYER KUMMER On File INVESTMENT ACTIVITY LAST STATEMENT Jul/ 31. 2006 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION STIMOUCUSIP CUANTNY PROF DEBIT AMOUNT GREW MORO 0811;06 08/08/06 SOLD ABERCROMBIE & FITCH CO-CL A ANF -5.000 55.11320 275,257.54 AVG PRICE SHOWN-DETAILS ON RED ACTUAL CONFIRM TO YOUR AGENT UNSOUCRED TOTAL 5275.257.54 MONEY FUND ACTIVITY DATE /ADDAX TRANSACTKPI DESCRIPTON SOADX/CUSIP 0UN4MY PRICE MDT AMOUNT CREDIT AMOUNT 08/01/06 OPENINGBALANCE 29,028.07 08/01/06 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DIC) 127.22 INSRTUTIONAL SHARES MONTHLY DIVIDEND ovo1/06 REINVEST DREYFUS CASH MANAGEMENT-CL A Die/3( 12722 127.22 INSTITUTIONAL SHARES DIVIDEND REINVEST 05111/06 BOUGHT DREYFUS CASH MANAGEMENT-CL A DIC>C< 275,257.54 1.0000 275,257.54 INSRTUTIONAL SHARES oara1/06 CLOSINGBALANCE 304,412.83 TOTAL $.275.384.76 5127.22 End of Statement 027 09.01/080758 001 V914 EFTA00195333 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT ear. SlteMS SONAR,. Gap BEAR Bear. Stearns & Co. Inc. Ctm Lletrotech Center Hone 383 Madison Avenue Brccidon, Nee Irak II20I.38S9 STEARNS New York New York 10179 EPSTEIN INTERESTS ACCOUNT EXECUTIVE ZICHERMAN.IP.A STATEMENT PERK* Jul/ 1.2006 TELEPHONE ■ THROUGH Jul/ 31.2006 VISIT OUR WEBSITE wmv.bearstearns.com ACCOUNT NUMBER What's In This Statement llllllllllllllllllIIIIIIlllllllllllI IIIIIIII lIllllllIIIIIII TAXPAYER NUMBER On File LAST STATEMENT June 30.2006 Financial Summary 3 EPSTEIN INTERESTS Your Portfolio Holdings 3 DTD 12/26/91 Transaction Detail 4 JEFFERY E EPSTEIN & MARK L Fund Activity 4 EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022.6843 Your Portfolio at a Glance Market Value of Your Portfolio Cash & Equvenem —11 $29.028 TOTAL VALUE OF SECURITIES THIS PER/OD' 529.600 $28.866 MONEY MARKET HAND BALANCE 29.028 Equities $664.300 NET EQUITY THIS PERIOD $558,628 Current market value Last statement's market value NET EOUITY LAST STATEMENT 583,156 CHANGE SINCE LAST STATEMENT -24,528 -Thy portfolio mdales one or more arced seamen eve We not related mix Taal Wen of Seaabos and Om Nei Equty The, Penal There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Noma tow Oaf diroronoo a rawouna of toad or mocks, macaw! as dolicoma to you. lo Glom Simian Pl 800€04.1428: a yet to Clom Sordcos a Boa Room@ &comes Cap.. One Llokok•cn Cools. Honk. Broollon, NY. II201-3059 Sr TNT staamTY a for nismulennal papoose** k not Needed as a U. doaevert no, stamen: chased be retained for your records See revers* Sofa irrucelott .dorm /on 027 0801/0607.515 001 V912 EFTA00195334 CLEARED THROUGH ITS WHOLLY OWED SUBSIDIARY Eleill.Stolonrs SIMON COrD One Mafrotoch Conk. North 9co9tIrn. New York 11201.3859 EPSTEIN INTERESTS 2 o15 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 06.0110807:58 001 8912 EFTA00195335 CLEARED THROUGH ITS VOICUY ONIVED SUSSIDIAAv OFFICE SERVICING YOUR ACCOUNT 800.5140n1S SOOtAINS Gap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York. New York 10179 Ono Mafrotoch Conley North 9coNtlin. New York 1120/3859 STEARNS EPSTEIN INTERESTS 3 r/ STATEMENT PERIOD July 1.2006 THROUGH JO/ 31.2006 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER KAMMER On File THIS PERIOD 114$ PER CO YEAR TO DATE LAST STATEMENT June 30.2006 Opening Balance $0.00 Dividends 171.68 4.731.95 Money Fund 171.68 Total $171.68 $4,731.95 Amount Credited $171.68 Money Fund -171.68 Portfolio Composition Amount Debited $-171.68 CashICash Equivalent 29,028 Equities 529,600 Closing Balance $0.00 Total $558.628 Your Portfolio Allocation Your Portfolio Holdings Cash & Equivalent 5% al o CASH & CASH EQUIVALENTS 14101(E1 ESTIMATED CURFEW DESCRPTION SAIBOUCUSIP OUA1ITITY PRICE VALUE NOMIL INCOME VELD DREYFUS CASH MANAGEMENT-CL A DICA 29.028.07 1.0000 29.028 1.393 4.7988 INSTITUTIONAL SHARES EST, 30 DAY AVG VELD 5,1900% TOTAL CASH & CASH EQUIVALENTS $29,028 $1,393 Equities 95% U.V.0od Preen, donor* 0001 0ttenCe omit, shod Ticket vat's. Tho alomma patomxp is crowed from to amok*, market maw PI ew octilmo. 027 0801/0807:58 001 V9I2 EFTA00195336 CLEARED THROUGH ITS WHOU.Y OMIVED SUBIC/MAI, OFFICE SERVICING YOUR ACCOUNT Bear. steams &wives core Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 One Mafrotech Cerra North 9caltlin. New York 11201.3859 STEARNS EPSTEIN INTERESTS 4 vi STATEMENT PERIOD Jule 1.2006 THROUGH JO/ 31. 2006 Your Portfolio Holdings (continued) ACCCUNT NUMBER EQUITIES TAXPAYER PANMER On File LAST STATEMENT June 30.2006 Equities & Options Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost, Customers can access this research at wvny,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them, AOCT IAARKE7 (STOWED CURFEW DESORPTION SYMBOLICUSIP TYPE OMWn1Y PRCE Y0UE ANATOL INCOME VELD DM ABERCROMBIE & FITCH CO-CL A ANF CASH 10.000 52.9600 529.600 7.000 1.3218 BANPAIS SA-SPONSOREDADR 13PIBY CASH 20.000 Unpriced REPSTG 6 SER L SHS Total Equities& Options $529.600 57.000 TOTAL EQUITIES $529.600 57.000 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $8.393 YOUR PRICED PORTFOLIOHOLDINGS 5558.628 Transaction Detail MONEY FUND ACTIVITY DATE MOAT TRANSACTION DESOIIPTIN SYMECCCUSIP OUNYTITY PROE MIT AMOUNT CREDIT AMOUNT 07/01/06 OPENINGBALANCE 28,856.39 027 0801/080718 001 v9I2 EFTA00195337 CLEARED THROUGH ITS VOICU.Y OWED SUBSOIARY OFFICE SERVICING YOUR ACCOUNT SW. SIBEMS SMARM COlD. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York. New York 10179 Ono Mafrotoch Conic. North 9,ccItIrn. New York 11201.3859 STEARNS EPSTEIN INTERESTS 5 vi STATEMENT PERIDO Juk 1.2006 THROUGH Juk 31. 2006 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER 18.483ER On Ate MONEY FUND ACTIVITY (continued) LAST STATEMENT June 30.2006 DATE M3VAY TRANSACTION DESCRIPTCN SYM60UCU$IP OVANiry PRCE OW AMOUNT CREDIT AMOUNT 07/03/06 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DIC)3( 171.68 INS11TUTIONAL SHARES MONTHLY DIVIDEND 07/03/06 REINVEST DREYFUS CASH MANAGEMENT-CL A DICU 171.68 171.68 INSTITUTIONAL SHARES DIVIDEND REINVEST 07!31;06 CLOSINGBALANCE 29.028.07 TOTAL $+171.68 $171.68 End of Statement 027 OWD11060756 001 V912 EFTA00195338 0 -EARED THROUGH ITS WHOU.Y 01MYEEI SLIESICHARY OFFICE SERVICING YOUR ACCOUNT 1308i. SOMAS SMARM Can. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Coe tlevotech Corder Noah etCdt/011. Nevi Yea 1120/.3859 STEARNS EPSTEIN INTERESTS ACCOUNT EXECUOVE ZICHERMAN.IP.A STATEMENT PERIOD June 1.2006 TELEPHONE ■ THROUGH June 30.2006 VISIT OUR WEBSITE www.bearstearns.com ACCOUNT NUMBER What's In This Statement 1111'11'11111lllll IIIIIIIIIIIIIIIIIIII111111111 TAXPAYER NUMBER On File LAST STATEMENT May 31.2006 Financial Summary 3 EPSTEIN INTERESTS Your Portfolio Holdings 3 DTD 12/26/91 Transaction Detail 5 JEFFERY E EPSTEIN & MARK L Fund Activity 5 EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR Your Messages 6 NEW YORK NY 10022-6843 Your Portfolio at a Glance Market Value of Your Portfolio Confirmation: Unless we hear from you to the contrary, it is Cash & Eqsavelent —16 28.856 our understanding that any TOTAL VALUE OF SECURITIES THIS PERIOD' 554.300 $61.894 free credit balances in your MONEY MARKET FUND BALANCE 28.856 account are being maintained Equities a 1678.900 564,3°° to lacilitate your intention to invest such amounts through NET EQUITY THIS PERIOD $583,156 Current market vela us. NO Last statement's market value NET EQUITY LAST STATEMENT 630.394 CHANGE SINCE LAST STATEMENT -47.238 mn pada* sidales OM 011110W 1.43,11Ced t10.10)06 Pat are not related a Tie Taal Yen of Seciabes and We Na Ewe/ TMs Paled There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. F1050 read erg Mama a roorecola of &edit or Mat fidlcaucl as CIOIWOOXI 10 yOU. b 0001 Swan a 8006141428: a vat to Clem Son em a 8020. Smarr@ Saumes On. One LleeekKli Cooler Rath. Swaim NY 112014859 aft tin unary a For Hrornabanl panes rally. a kea Wended as ciconst Tin rattan Moon ln Maned Ito your records Mt morn ado fa rrporlan ricemanal 027 07.01.06.10.56 001 Y911 EFTA00195339 CLEARED THROUGH ITS WHOLLY OWED SUBSIDIARY 1340f.5140818 SOOt0981 GOO. One Mafrotoch Conk. North 9co8tAn. New York 11201.3859 EPSTEIN INTERESTS 2 ol STATEMENT BACKER IS PRINTED ON THIS PAGE 027 07/01/013:1058 001 V911 EFTA00195340 CLEARED THROUGH ITS WHOLLY OWNED SUSSIDIAAv OFFICE SERVICING YOUR ACCOUNT see'. SIMMS Sawlike GOO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 One Motrotoch Conley North 8coeten. New Uric 11201.3859 STEARNS EPSTEIN INTERESTS 3 STATEMENT PERIOD June 1.2006 THROUGH June 30.2006 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER KISSER On File THIS Peace THIS PERO) TEAR TO DATE LAST STATEMENT May 31.2006 Opening Balance $0.00 Dividends 1,961.90 4,560.27 Money Fund 25,211.90 Total $1,961.90 $4,560.27 Dividends/Interest 1,750.00 Amount Credited $26,961.90 Portfolio Composition Money Fund -1.961.90 CashICash Equivalent 28.856 Funds Withdrawn -25.000.00 Equities 554.300 Amount Debited $-26.961.90 Total $583,156 Closing Balance $0.00 Your Portfolio Your Portfolio Holdings Allocation CASH & CASH EQUIVALENTS MENET ESTIMATED ELEMENT DESCRPTION SYMBOUCUSIP QUANTITY PRICE VALUE AMV.e. PC.ChE ,e.o I%) DREYFUS CASH MANAGEMENT-CL A DICXX 28,856.39 1.0000 28.856 1,414 4.9002 Cash & EQureVenl INSTITUTIONAL SHARES 4% EST, 30 DAY AVG YELD 5,1700% TOTAL CASH & CASH EQUIVALENTS $28,856 $1,414 Equities 96% Un*Oeeti Preen, demote doO OttenCe on shoe mates votes TM Mower, pompoms Is crowed mom to atoolso market varo or era poIono. 027 07/01/08:1058 001 V9I1 EFTA00195341 CLEARED THROUGH ITS WHOLLY OWED SUEISIDIAAv OFFICE SERVICING YOUR ACCOUNT END. SIMMS SMARM COr9 Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ono Mafrotoch Conk. NOlth 9/cddrn. New York 11201.3859 STEARNS EPSTEIN INTERESTS 4 vi STATEMENT PERK* June 1.2006 THROUGH June 30.2006 Your Portfolio Holdings (continued) ACCOUNT NUMBER EQUITIES TAXPAYER AME93ER On File LAST STATEMENT May 31.2006 Equities & Options Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost, Customers can access this research at wvAv,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them, ACCT MARKET (STEWED OURFENT DESORPTION SYMBOLICUSIP TYPE avant,/ PRCE VALLE ANATOL INCOME YELD AD ABERCROMBIE & FITCH CO-0.A ANF CASH 10.000 55.4300 554.300 7.000 1.2629 BANPAIS SA-SPONSOREDADR 13PIBY CASH 20.000 Unpriced REPSTG 6 SER L SHS Total Equities& Options $554.300 $7.000 TOTAL EQUITIES $554.300 $7.000 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $8.414 YOUR PRICED PORTFOLIOHOLDINGS 5583.156 027 07/01108:1058 001 V911 EFTA00195342 CLEARED THROUGH ITS OMNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beal. SleanIS SEANION Cory. Bear. Stearns & CO. Inc. BEAR 383 Madison Avenue New York Nen York 10179 Coo Metrotoch Conic. North 9occldrn. Now York 1120/3859 STEARNS EPSTEIN INTERESTS 5 STATEMENT PERKO June 1.2006 THROUGH June 30.2006 Transaction Detail ACCOUNT NUMBER TAXPAYER INJUSER On File DEPOSITS AND WITHDRAWALS LAST STATEMENT May 31.2006 DATE TRANSACTCN DESCPrICH 0E811 AMOutr CREDIT AMOUNT 0619/06 FND WIRED MOM WIRED 10 25,000.00 E BANK. NA 5 TOTAL 9-25.000.00 MONEY FUND ACTIVITY DATE MODAY TRANSACTKN DESCRIPTCN SYMECIAUSIP OUN4MY PACE MINT AMOUNT CREDIT AMOUNT 06.101/06 OPENINGBALANCE 51,894.49 06101/'06 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DIC) 211.90 INSTITUTIONAL SHARES MONTHLY DIVIDEND 06101/06 REINVEST DREYFUS CASH MANAGEMENT-CL A DIC)C( 211.90 211.90 INSTITUTIONAL SHARES DIVIDEND REINVEST 06119/06 SOLD DREYFUS CASH MANAGEMENT-CL A DIC)C( -25.000 1.0000 25.000.00 INSTITUTIONAL SHARES 06120/06 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICA 1.750 1.0000 1,750.00 INSTITUTIONAL SHARES 06130/06 CLOSINGBALANCE 28.856.39 TOTAL 9-1.961.90 $25.211.90 027 07n211013:1058 001 8911 EFTA00195343 CLEARED THROUGH ITS VOICUY ODIVED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 8981. steams seances cork Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ono Mafrotech Conk. North 9fcc4t101. New York 11201.3859 STEARNS EPSTEIN INTERESTS 6 STATEMENT PERK* June 1.2006 THROUGH June 30.2006 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER KAMER On FIk DIVIDENDS LAST STATEMENT May 31.2006 DVE DESCRFTION STMEIWCWIP OUNYTITY RATE <Si DEBIT AMOUNT MEM AMOUNT 06/20/06 ABERCROMBIE 8 FITCH CO-CL A ANF 10,000 0.1750 1,750.00 REC 05/30106 PAY 06/20/06 TOTAL $1,750.00 Your messages rye NOTICE OF CHANGE PURSUANT TO TRUTH IN LENDING SEC RULE tOb-16 1) The BSSC Fed Funds Rate shall be the rate for U.S. dollar funds, as quoted by an independent broker of such funds selected by BSSC for the The annual rate of interest charged on any credit extended to you by Bear, first transaction completed on the opening of the business day on which Stearns Securities Corp. ("MSC') for the purpose of purchasing, canying or such rate is determined. trading in any security or other property shall continue to be based on either 2) The rate of interest charged to you on any such credit extended to you in the BSSC Margin Basis Rate, the BSSC Fed Funds Rate or the London a currency other than US dollars shall be based on either (i) LIBOR, as Interbank Offered Rate ("UBOR'), as notified to you upon request. The BSSC such rate is compiled by the British Bankers Association and published on Margin Basis Rate will be quoted each business day by BSSC at our main Bloomberg or Reuters, or (ii) any other rate quoted by Reuters that is office in New York, Factors affecting the determination of the BSSC Margin applicable to the currency in which the obligation is denominated or, if a Basis Rate will include the short-term market interest rates quoted by money rate for such currency is not quoted by Reuters, the rate provided by center banks and the Federal Reserve and the rate that BSSC is charged for BSSCs local bank, as notified to you on request. borrowing money. 3) In either case, the annual rate of interest will not exceed a specified percentage above the applicable rate, specifically (i) 3% above the BSSC The purpose of this notice is to advise you that effective no earlier than thirty Margin Basis Rate, (ii) 4% above the BSSC Fed Funds Rate, or (iii) 5% (30) days from your receipt of this statement: above LIBOR, any rate quoted by Reuters or the rate provided by BSSCs local bank, and will appear on your monthly statements. 4) The amount lent to you by BSSC upon which you are charged interest may include purchases of securities for which payment is made by check for which BSSC has not yet received credit. 027 07/01/08:1058 001 V911 EFTA00195344 CLEARED THROUGH ITS WHOLLY OWED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT see'. stwus SMARM COr0 Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ono Mafrotoch Conic. North 9fccItlin. New York 11201.3859 STEARNS EPSTEIN INTERESTS 7 STATEMENT PERK* June 1.2006 THROUGH June 30.2006 ACCOUNT NUMBER TAXPAYER AVE.13ER On Flk LAST STATEMENT May 31.2006 If BSSC makes changes in any of the credit terms and conditions described herein or if a change is required by law, we will notify you of such change within a reasonable period of time, unless such change results in the same or a higher rate to you, in which case we will provide you at least 30 days' prior written notice, The annual rate of interest you are charged may fluctuate with changes in the BSSC Margin Basis Rate, the BSSC Fed Funds Rate, LIBOR, any of the rates quoted by Reuters or the rate provided by BSSC's local bank, The changes in rates resulting from this fluctuation will be made without prior notice to you (as contrasted with changes in the credit terms and conditions, notice of which will be provided as described above), The Truth-in-Lending disclosure previously provided to you shall continue to apply except as specifically noted above, End of Statement 027 07/01/01121018 001 8911 EFTA00195345 CLEARED THROUGH ITS YiHOU.Y OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT SM. Stearns SiXxxhieS COrp Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York Nee York 10179 Ono Metrotech Corder North Brock/in. New York 1120/.3859 STEARNS EPSTEIN INTERESTS ACCOUNT EXECUTIVE ZICHERMANARA STATEMENT PERIOD April 29.2006 TELEPHONE ■ THROUGH May 31.2006 VISIT OUR WEBSITE Aww.bearstearns.com ACCOUNT NUMBER What's In This Statement 1111Ill I IIII lllll I Ill Ill 1111111111111111111I Ill Ill I II I I Ill l II TAXPAYER NUMBER On File LAST STATEMENT April 28.2006 Financial Summary 3 EPSTEIN INTERESTS Your Portfolio Holdings 3 DTD 12/26/91 Transaction Detail 4 JEFFERY E EPSTEIN & MARK L Fund Activity 4 EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022.6843 Your Portfolio at a Glance Market Value of Your Portfolio Cash & EquvaNnt —IIII $51.854 TOTAL VALUE OF SECURITIES THIS PERIOD' 578,500 $51.696 MONEY MARKET FUND BALANCE 51.894 Equities _$578.500 $607.300 NET EQUITY THIS PERIOD $630,394 Current market value OM Last statement's market value NET EQUITY LAST STATEMENT 658.996 CHANGE SINCE LAST STATEMENT -28,602 my, paean mdudes one Or HOW orpnced moans PHA Me not roteded n tie Taal Yew el Sectabos and the Na Eq The Portal There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. RAMO row oaf drrororoo a rentoceire ol Chat or HOME Adlcosol as detworoa to you. Slit tin suswerY a ko SEMMOUGMi gnosis APAR not MOM as a taw downed b Clem Sonic*. at 800614142e: a nom to Cleat SONARS a Boot Doom &comes Mateonere Mused be retained for your records Soo reverse ode for inccoleit intematon Ca,.. One Metnitodi Cooler North. Sweep+, NY. II2ObSeSt 027 OB01)061128 001 V909 EFTA00195346 CLEARED THROUGH ITS VOICU.N. OWED SUBSIDIARY 134.8f.5146rAs SIMON GOO. One Mafrotoch Cen16 North 138.8tAn. New York 11201.3859 EPSTEIN INTERESTS 2 o15 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 06.01/081128 001 V909 EFTA00195347 CLEARED THROUGH ITS MOUT OMED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT ERNI. steams seamier* core Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York Nen York 10179 Mafrotoch Conic. North 9coStlin. Nay York 1120/3959 STEARNS EPSTEIN INTERESTS 3 o STATEMENT PERIOD APDI 29.2006 THROUGH May 31.2006 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER MASSER On File nes esNce MS PERIOD YENS TO DATE LAST STATEMENT *11 28.2006 Opening Balance $O.00 Dividends 198.44 2,598.37 Total $198.44 $2,598.37 Money Fund 198.44 Amount Credited $198.44 Money Fund -198.44 Portfolio Composition Amount Debited $-198.44 CashCash Equivalent 51.894 Equities 578.500 Closing Balance $0.00 Total $630.394 Your Portfolio Allocation Your Portfolio Holdings Cash & Equvalent 8% CASH & CASH EQUIVALENTS MAFIXE1 ESTIMATED CURFENr DESORPTION SYMBOLUSIP QUANTITY PRICE *NHL INCOME YEW l%) DREYFUS CASH MANAGEMENT-CL A DICA 51.894.49 1.0000 51,894 2,387 4.5998 INSTITUTIONAL SHARES EST, 30 DAY AVG VELD 4.8700% TOTAL CASH 8. CASH EQUIVALENTS $51,894 $2,387 Equities 92% Un*Oeeti Preen, denote 0001 OPtInCe omit, shod Ticket vat's. TM alocoma patomxp N clorhod from to attrolso manor, maluo os pxe octilmo. 027 06.01/08:1128 001 V909 EFTA00195348 CLEARED THROUGH ITS YMDLLY OMED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 130II. steams section core Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 One Mafrotech Conk. NOlth SiccItlin. New York 112013859 STEARNS EPSTEIN INTERESTS 4 vi STATEMENT PERIOD *11 29.2006 THROUGH May 31.2006 Your Portfolio Holdings (continued) ACCCUNT NUMBER EQUITIES TAXPAYER MAURER Gfl File LAST STATEMENT *11 28.2006 Equities & Options Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost, Customers can access this research at wvny,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them, ACCT MARKET (SIMMS') CURFEW DESCRATION SAISOLICUSIP TYPE warm PRCE VALLE ARMOR INCOME VELD DM ABERCROMBIE & FITCH CO-CL A ANF CASH 10.000 57.8500 578.500 7.000 1.2100 BANPAIS SA-SPONSOREDADR 13PIBY CASH 20.000 Unpriced REPSTG 6 SER L SHS Total Equities& Options $578.500 $7.000 TOTAL EQUITIES $578.500 $7.000 YOUR PORIFOLIOHOLDINGSESTIMAIED ANNUAL INCOME $9.387 YOUR PRICED PORTFOLIOHOLDINGS 6630.394 Transaction Detail MONEY FUND ACTIVITY DATE MOAT TRANSACTION DESCRIPTION SOJECRCUSIP OUNOTITY PACE CeIT AMOUNT CREDIT AMOUNT 04/29/06 OPENINGBALANCE 51,696.05 027 06.01/013:1128 001 "909 EFTA00195349 CLEARED THROUGH ITS VOICU.Y ONIVED SU8SIDIAAv OFFICE SERVICING YOUR ACCOUNT INNI. Stearns Securreas Core Bear. Stearns & CO. Inc. BEAR 383 Madison Avenue New York. Nen York 10179 Ono Mafrotoch Conk. North Sco*No. New York 1120/3859 STEARNS EPSTEIN INTERESTS 5 ri STATEMENT PERIOD AO 29. 2006 THROUGH May 31.2006 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER KAMER OR FIN MONEY FUND ACTIVITY (continued) LAST STATEMENT *11 28.2006 DATE MCVDAY TRANSACTION DESCRIPTCN SYMEAUCVSIP OVAN1RY PncE DEBIT AMOUNT CREDIT AMOUNT 05/01/06 DIVIDEND DREYFUS CASH MANAGEMENT-Cl. A DIC)3( 198.44 INSTITUTIONAL SHARES MONTHLY DIVIDEND OW01/06 REINVEST DREYFUS CASH MANAGEMENT-CL A DICU 198.44 198.44 INSTITUTIONAL SHARES DIVIDEND REINVEST 05,31/06 CLOSINGBALANCE 51.894.49 TOTAL $.198.44 5198.44 End of Statement 027 06/01/06:1128 001 V909 EFTA00195350 CLEARED THROUGH ITS WHOLLY ONMED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Sear. SleamS WAN. Cap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Coo Meactech Corder Noah Eatck/In. New Vcok 11201.3899 STEARNS EPSTEIN INTERESTS STATEMENT PERIOD April I. 2006 ACCOUNT EXECUTIVE LI3HaRMAN.IRA TELEPEIDNE THROUGH April 28.2006 VISIT OUR WEBSITE ....envuearstearns.com ACCOUNT NUMBER What's In This Statement Illllllllllllllllllllllll TAXPAYER MAGER On File LAST STATEMENT March 31.2006 Financial Summary 3 EPSTEIN INTERESTS Your Portfolio Holdings 3 DTD 12/26191 Transaction Detail 4 JEFFERY E EPSTEIN & MARK L Fund Activity 4 EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022-6843 Your Portfolio at a Glance Market Value of Your Portfolio Dash & Equva —rnal $51.696 TOTAL VALUE OF SECURITIES THIS PERIOD' 607.300 $51.507 MONEY MARKET FUND BALANCE 51.696 Equities NET EQUITY THIS PERIOD $658,996 Current market value 634.507 MO Last statements market value NET EOUITY LAST STATEMENT CHANGE SINCE LAST STATEMENT 24.489 'Go wade whales one or mow urpnced mantes INA are not release rite Taal Yea of Secwaos and ON Nei Ewen TMs Ponce& There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Ties romankr olconsounal pavan mainland en Noma mon oaf /Marone* or nontocom el tacks or mocks. coacmcol as doltrogoa to pou. lo CIdol Sonicoo al 800404-1429: or vava to nom Somcos a Bow. Steam &comes Cap.. One LInolocn Gorier North. 6rodlynNY *obsess SI a he docusst lin Rahman, Woad Et retained for your records. Sn worse So for Inecelaea raommtma 027 04.42306,3623 001 V906 EFTA00195351 CLEARED THROUGH ITS WHOLLY OWED SU851OMRY 898f.510.9nIs SIMON COlD. One Mafrotoch Conk. North 9coStAn. New York 11201.3859 EPSTEIN INTERESTS 2 of s STATEMENT BACKER IS PRINTED ON THIS PAGE 027 04..20(080833 001 V908 EFTA00195352 CLEARED THROUGH ITS VOICUY DMVED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT DPI. Reams unyoe. Cory. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YOrk Nen York 10179 Gne Metrotech Conk. HORN 9coStlin. Nyor York 11201.3859 STEARNS EPSTEIN INTERESTS 3 o STATEMENT PERIOD * 11 1.2006 THROUGH Apll 28.2006 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER On File THIS PERIOD MIS PERIOD YEAR TO DATE LAST STATEMENT Mardi 31.2006 Opening Balance $0.00 Dividends 189.21 2,399.93 Money Fund 189.21 Total $189.21 $2,399.93 Amount Credited $189.21 Money Fund -189.21 Portfolio Composition Amount Debited $-189.21 CashICash Equivalent 51.696 Equities 607.300 Closing Balance $0.00 Total $658.996 Your Portfolio Allocation Your Portfolio Holdings Cash & Eqsnalem 7% CASH & CASH EQUIVALENTS MONET ESTIMATED CURRENT otscsemoN sysisoLcupo QUANTITY PRICE VN.UE AANAL INCOME TII9.0 PC) DREYFUS CASH MANAGEMENT-CL A DICA 51.696.05 1.0000 51.696 2.326 4.4994 INSTITUTIONAL SHARES EST, 30 DAY AVG VELD 4,7100% TOTAL CASH 8, CASH EQUIVALENTS $51,696 $2,326 Equities 93% Untedeti Preen, denote 000* OttenCe omit, shod Ticket vaitan alocama warm": is clowed from to amok*, manor, maw os pxe Actilmo. 027 04.29(080833 001 V908 EFTA00195353 CLEARED THROUGH ITS WHOU.Y DMVED SUSSIDIAAv OFFICE SERVICING YOUR ACCOUNT DM. steams secw$n core Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Dne Metrotech Denim NOlth 8foRtlin. New York 11201.3859 STEARNS EPSTEIN INTERESTS 4 vi STATEMENT PERIOD * 11 1.2006 THROUGH *1128.2006 Your Portfolio Holdings (continued) ACCCUNT NUMBER EQUITIES TAXPAYER AVEMER On File LAST STATEMENT Minh 31.2006 Equities & Options Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost, Customers can access this research at wvny,bearsteams,com or can call (BOO) 517-2327 to request that a copy of this research be sent to them, ACCT MARKET ESTIMATED CURFID/T DESCRATION SAIBOL'CUSIP TYPE °twain PRCE VALLE ANNA. INCOME YELD 1%1 ABERCROMBIE & FITCH CO-0.A ANF CASH 10.000 60.7300 607300 7.000 1.1526 BANPAIS SA-SPONSOREDADR 13PIBY CASH 20.000 Unpriced REPSTG 6 SER L SHS Total Equities& Options 6607.300 67.000 TOTAL EQUITIES $607.300 57.000 YOUR PORIFOLIOHOLDINGSESTIMATED ANNUAL INCOME 69.326 YOUR PRICED PORTFOLIOHOLDINGS 5658.996 Transaction Detail MONEY FUND ACTIVITY DATE MOAT TRANSACTION DESORIPTIN SYMECtiCUSIP OUANTITY PPCE COW AMOUNT CREDIT AMOUNT 04101/06 OPENINGBALANCE 51,506.84 027 04:28(080833 001 "908 EFTA00195354 CLEARED THROUGH ITS WHOLLY OWED $08SIDIAFiv OFFICE SERVICING YOUR ACCOUNT 1398f.SMERISRunk. COlD. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York. New York 10179 Olen Metrotoch Conic. North 9fcc4t9n. New York 11201.3859 STEARNS EPSTEIN INTERESTS 5 vi STATEMENT PERIOD AO 1.2006 THROUGH *11 28.2006 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER NURSER On File MONEY FUND ACTIVITY (continued) LAST STATEMENT Mater 31.2006 DATE 1.130AT TRANSACTION DESCRIPTCPI SYMEAUCVSIP OVANiry POSE DESIT AMOUNT CREDIT AMOUNT 04/03/06 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DIC)0( 189.21 INSTITUTIONAL SHARES MONTHLY DIVIDEND 04/03/06 REINVEST DREYFUS CASH MANAGEMENT-CL A DIC)OC 189.21 189.21 INSTITUTIONAL SHARES DIVIDEND REINVEST CLOSINGBALANCE 51.696.05 TOTAL $-189.21 5189.21 End of Statement 027 04.28.080833 001 11908 EFTA00195355 CLEARED THROUGH ITS WHOLLY OMIED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SOMAS WAIN COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York• New York 10179 hop Llettoteth Cooler North Brock/in. New VGA 1120/3859 STEARNS EPSTEIN INTERESTS Z ICI laHtvIAN.IRA STATEMENT PERICIO Muth 1.2006 ACCOUNT EXECUTIVE TELEPICCE THROUGH March 31.2006 VISIT OUR WEBSITE o.rm uearstearns.com ACCCUNT NUMBER What's In This Statement IIIIIIIIIIIII iiiii 1111111111111 TAXPAYER NUMBER On Fee LAST STATEMENT February 28.2006 Financial Summary 3 EPSTEIN INTERESTS Your Portfolio Holdings 3 DTD 12/26/91 Transaction Detail 4 JEFFERY E EPSTEIN & MARK L Fund Activity 4 EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022-6843 Your Portfolio at a Glance Market Value of Your Portfolio Cash & funs/Mem —III $51,507 TOTAL VALUE OF SECURITIES THIS PER/OD' 583.000 $49.558 MONEY MARKET FUND BALANCE 51.507 Equities $583,000 $673.200 NET EQUITY THIS PERIOD $634.507 Current market win MO Last =temente market value NET EOUITY LAST STATEMENT 722,758 CHANGE SINCE LAST STATEMENT -88,251 seetklo 'dudes ere or MOW wonted smug:ten pe4 ere not "elected rite TOM Yen of Seciabes and the Ha (duty nn Need There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. 1/ 0. SOT•TerY a ke nrsonabanal atones** I Is not"leaded as a rat doomed Roma tow are diforonso a contecom el cream or mocks. ocacowd a dallefed to yOU. lo Gel Semen 01 800614-1428: a vat to Clom Semen a Boot Rearm Sccumes Cap.. One Memletb Carle, Honk BrooMpt NY. II201.3.60 e t Tin statemera shotkl be reams for your records See worn on fa. rowan reormasca 027 0401:06:10:28 001 V906 EFTA00195356 CLEARED THROUGH ITS WHOLLY CANNED SUBSIDIARY 1307i. SOW'S 500771001 GOO. One Mafrotoch Conk. North 1370:4tAn. New York 11201.3859 EPSTEIN INTERESTS 2 o15 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 04701,06:1028 001 EFTA00195357 CLEARED THROUGH ITS 1901CUY (AWED SUSSIDIAAv OFFICE SERVICING YOUR ACCOUNT 8.9. steams section core. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Mafrotoch Conic. North 9coStlin. Nay York 1120/3959 STEARNS EPSTEIN INTERESTS 3 ci STATEMENT PERIOD March 1.2006 THROUGH March 31.2006 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER MASER On File THIS PERIOD 094 PERIOD YEAR TO DATE LAST STATEMENT February 28.2006 Opening Balance $0.00 Dividends 1.948.60 2,210.72 Money Fund 198.60 Total $1,948.60 $2,210.72 Dividends Interest 1.750.00 Amount Credited $1,948.60 Portfolio Composition Money Fund -1.948.60 Cashtash Equivalent 51.507 Amount Debited $-1.948.60 Equities 583.000 Closing Balance $0.00 Total $634.507 Your Portfolio Holdings Your Portfolio CASH & CASH EQUIVALENTS Allocation IMRKET ESTIMATED CURRENT DESCRPTION SIMBOUCUSIP ODANDTT PACE VALUE *mkt INCOME YIELD I%) DREYFUS CASH MANAGEMENT-CL A Diet< 51,506.84 1.0000 51.507 2.060 3.9995 INSTITUTIONAL SHARES EST 30 DAY AVG YIELD 4 6500% Cash & Eqtayalent TOTAL CASH 8 CASH EQUIVALENTS 551,507 $2,060 8% Equities 92% Unteeeti Preen, donor* 000* OttenCe omit, shod Ticket vat's. TM alocoma patomxp es crowed from to attsolso (radio, maluo os pxe octilmo. 027 0401106:10:28 001 V906 EFTA00195358 CLEARED THROUGH ITS WHOU.Y ORIVED SUB IC/MEW OFFICE SERVICING YOUR ACCOUNT &MI. steams &noon core. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 One Mototoch Conic. NOlth 8coStlin. New York 11201.3859 STEARNS EPSTEIN INTERESTS 4 vi STATEMENT PERIOD March 1.2006 THROUGH March 31.2006 Your Portfolio Holdings (continued) ACCOUNT NUMBER EQUITIES TAXPAYER KAMER On Flk LAST STATEMENT February 28.2006 Equities & Options Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost, Customers can access this research at wvny,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them, AOCT MARKET ESTEEMED CURFEW DESORPTION SYEIBOL'CUSIP TYPE warm PRCE VALLE ARKIN. INCOME VELD I%/ ABERCROMBIE & FITCH CO-CL A ANF CASH 10.000 58.3000 583.000 7,000 1.2007 BANPAIS SA-SPONSOREDADR 13PIBY CASH 20.000 Unpriced REPSTG 6 SER L SHS Total Equities& Options $583.000 $7.000 TOTAL EQUITIES $583.000 $7.000 YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $9.060 YOUR PRICED PORTFOLIOHOLDINGS $634.507 Transaction Detail MONEY FUND ACTIVITY DATE MOAT TRANSACTION/ DESERET/3N SYMEOLCUSIP OUPARRY PACE MIT AMOUNT CREDIT AMOUNT 03/01/06 OPENINGBALANCE 49,558.24 027 0401,CS:10 28 001 v906 EFTA00195359 CLEARED THROUGH ITS IMICUY OMMED SUBSOIARY OFFICE SERVICING YOUR ACCOUNT 13408I. Steams SeanOn Coro. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Coo ma:ratan Conk. North 9Ndtlin. New York 11201.3859 STEARNS EPSTEIN INTERESTS 5 cis STATEMENT PERIOD March 1.2006 THROUGH Myth 31.2006 Transaction Detail (continued) AGGCUNIT NUMBER TAXPAYER MAISER On File MONEY FUND ACTIVITY (continued) LAST STATEMENT February 28.2006 DATE MGVAY TRANSACTOR DESCRIPTOR SYMEOUCVSIP (*AWRY PRICE DEBIT AMOUNT CREDIT AMOUNT 03/01/06 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DIC)0( 198.60 INSTITUTIONAL SHARES MONTHLY DIVIDEND 03/01/06 REINVEST DREYFUS CASH MANAGEMENT-CL A DICA 198.60 198.60 INSTITUTIONAL SHARES DIVIDEND REINVEST 03+21106 BOUGHT DREYFUS CASH MANAGEMENT-CL A DICA 1.750 1.0000 1,750.00 INSTITUTIONAL SHARES 03,31/06 CLOSINGBALANCE 51.50604 TOTAL 5.1.948.60 $198.60 DIVIDENDS DATE GESCRPTION SYME/WCUSIP OUOMMT RATE IM DER! AMOUNT CREDIT AMOUNT 03/21/06 ABERCROMBIE & FITCH CO-CL A ANF 10,000 0.1750 1.750.00 REC 02,28t06 PAY 0312606 TOTAL $1.750.00 End of Statement 027 04.0146:10 28 001 EFTA00195360 CLEARED THROUGH ITS Maly OMED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT EIBBI.SleaMB Sara, Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 One Matrotach Conk. NOM 97ocklin. Nva Yolk 1120/3859 STEARNS EPSTEIN INTERESTS STATEMENT PERIOD February 1.2006 ACCOUNT EXECUTIVE LICHERMAN.IRA TELEPHONE THROUGH February 28.2006 VISIT OUR WEBSITE 67A1 uearstearns.COM ACCCUNT NUMBER What's In This Statement luillIlmlllllll _I .1_1 I I I II II I I 11_111_11 I I 11II II I I I I I I i I__ ll TAXPAYER NUMBER On He LAST STATEMENT January 3 I . 2006 Financial Summary 3 EPSTEIN INTERESTS Your Portfolio Holdings 3 DTD 12/26/91 Transaction Detail 4 JEFFERY E EPSTEIN & MARK L ' Fund Activity 5 EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022-6843 Your Portfolio at a Glance Market Value of Your Portfolio Cash & Equivalent $49.558 TOTAL VALUE OF SECURITIES THIS PER/OD' 673,200 574,296 MONEY MARKET FUND BALANCE 49,558 Equities H $673.200 $663.900 NET EQUITY THIS PERIOD $722,758 Current market value MO Last statements market value NET EQUITY LAST STATEMENT 738.196 CHANGE SINCE LAST STATEMENT -15,438 -mu pattc10 mduclas a Of MOW 1.41NICOd C1WdOS P* are Oct retested n K Tclal Yale el Staabes and the Net Eque/ The Pea There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. a Is ra revelednatal damn P1050 row any diforanoo a nantactiot of teat or MOCKS. memos.] as &Ora to p5u. Clent Sanicos at 800614.1428: a veto to Clam SONICOS a Som. Steam Sccumos Cap.. One lAttokKli Carly North. 13rodlyn, NY. I12014059 SIK INS PeraPi a for m7Ormaal Btrposes a Ilvs statara should be retuned for your records See trent a he mad ricautim 027 0201706:08:04 001 V902 EFTA00195361 CLEARED THROUGH ITS WHEW. ODAJED SUBSIDIARY 1398f.SDArnIs SOOtxl081 COr0 One Mafrotoch Conk. North 9mAAlm. New York 11201.3859 EPSTEIN INTERESTS 2 o19 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0001.06:08:08 001 V902 EFTA00195362 CLEARED THROUGH ITS IMICUY CANNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT ENV. steams servings coin Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York Nen York 10179 One Ma rotah Cala North New York 11201.3859 STEARNS EPSTEIN INTERESTS 3 ri STATEMENT PERIOD February 1,2006 THROUGH February 28.2006 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER MASSER Orl File INS PERIOD YEAR TO DATE THIS PERIOD LAST STATEMENT January 31.2006 Opening Balance $0.00 Dividends 262.12 262.12 Money Fund 25,262.12 Total 5262.12 $262.12 Amount Credited $25.262.12 Money Fund -262.12 Portfolio Composition Funds Withdrawn -25.000.00 Cashtash Equivalent 49,558 Amount Debited $-25,262.12 Equities 673,200 Closing Balance $0.00 Total $722.758 Your Portfolio Holdings Your Portfolio CASH & CASH EQUIVALENTS Allocation MARKET ESTIMATED CLRRENT DESCNI>hOh SYMBOLiCUSIP °Waif) PRICE VALUE AN'IlUAL INCOME YO.D DREYFUS CASH MANAGEMENT-CL A DIC/C( 49.558.24 1.0000 49.558 2.081 4.1991 INSTITUTIONAL SHARES EST 30 DAY AVG new 4 3600% Cash & Equivalent 6% TOTAL CASH & CASH EQUIVALENTS $49,558 52,081 Equities 94% Untedeti Preen, Oonoto Oat bane omit. 'hal Ticket vat's. TM alooaticn patentor is awed from to atoolso minim obo or ate ariMio. 027 0101.06:08:04 001 V902 EFTA00195363 CLEARED THROUGH ITS MOUT DMVED SUSSIDIAAv OFFICE SERVICING YOUR ACCOUNT DN.Steam Seeurrees Core Bear. Stearns & CO. Inc. BEAR 383 Madison Avenue New York New York 10179 One Mafrotech Conk. North 9coStlin. Mow York 11201.3859 STEARNS EPSTEIN INTERESTS 4 vi STATEMENT PERIOD February 1,2006 THROUGH February 28.2006 Your Portfolio Holdings (continued) ACCCUNT NUMBER EQUITIES TAXPAYER MAWR On File LAST STATEMENT January 31.2006 Equities & Options Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost, Customers can access this research at wvy,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them, AOCT MARKET (STOWED CIATID/T DESORPTION SYMBOL'CUSIP TYPE warm PRCE VALUE ARKIN. INCOME YELDI%4 ABERCROMBIE & FITCH CO-CL A ANF CASH 10.000 67.3200 673.200 7.000 1.0398 BANPAIS SA-SPONSOREDADR 13PIBY CASH 20.000 Unpriced REPSTG 6 SER L SHS Total Equities& Options $673.200 $7.000 TOTAL EQUITIES $673.200 $7.000 YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME $9.081 YOUR PRICEDPORTFOLIOHOLDINGS $722.758 Transaction Detail DEPOSITS AND WITHDRAWALS DATE TRIAISACTON DESCkViCti DESIT AMODIT CREDIT AMOUNT 02/13/06 FND WIRED WIRED TO 25,000.00 i NA r FOtt03737 TOTAL 8-25,000.00 027 0101.06:08:04 001 %VW EFTA00195364 CLEARED THROUGH ITS VOICUY DMVED SUBIC/Mire OFFICE SERVICING YOUR ACCOUNT DM. Stearns Serenest Core. Bear. Stearns & CO. Inc. BEAR 383 Madison Avenue New YOrk New York 10179 One Mafrotoch Conk. North 9caltlin. New York 11201.3859 STEARNS EPSTEIN INTERESTS 5 v, STATEMENT PERIOD February 1,2006 THROUGH February 28.2006 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER KISSER On File MONEY FUND ACTIVITY LAST STATEMENT January 31.2006 CLCE WIDAY TRA, J,SICON CESOIIPTIDN SYMEDAySiP OVAMITV PRICE DEEM AMOUNT CREDIT AMCDNI 02/01/06 OPENINGBALANCE 74.296.12 02/01/06 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICXX 262.12 INSTITUTIONAL SHARES MONTHLY DIVIDEND 02,01/06 REINVEST DREYFUS CASH MANAGEMENT-CL A DICXX 262.12 262.12 INSTITUTIONAL SHARES DIVIDEND REINVEST 02/13/06 SOW DREYFUS CASH MANAGEMENT-CL A DICXX -25.000 1.0000 25.000.00 INSIMITIONAL SHARES 02/28/06 CLOSINGBALANCE 49.558.24 TOTAL $262.12 $25.262.12 End of Statement 027 0101/08:08:04 001 EFTA00195365 CLEARED THROUGH ITS Vi110M.Y 0811.1E0 SUESICHAFW OFFICE SERVICING YOUR ACCOUNT Sat. SOMAS Wanks Corp. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ora Metrotech Gallas Noah Eatat5n, New York 1120/.3959 STEARNS EPSTEIN INTERESTS STATEMENT PER100 December 31.2005 ACCOUNT EXECUTIVE LICHERMAN.IRA TELEPtCtE THROUGH January 31.2036 VISIT OUR WEBSITE eiww.uearstearns.com ACCOUNT NUMBER What's In This Statement IIIIIIIIIIIII iiiii TAXPAYER NUMBER On File LAST STATEMENT December 30.2005 Financial Summary 3 EPSTEIN INTERESTS Your Portfolio Holdings 3 DTD 12/26/91 Transaction Detail 4 JEFFERY E EPSTEIN & MARK L Fund Activity 4 EPSTEIN & WILLIAM ELKUS TTEES 457 MADISON AVENUE 4TH FLR NEW YORK NY 10022-6843 Your Portfolio at a Glance Market Value of Your Portfolio Cash & Equvalent —II 574.296 TOTAL VALUE OF SECURITIES THIS PER/00' 663.900 574,046 MONEY MARKET FUND BALANCE NET EQUITY THIS PERIOD 74.296 $738,196 Equities 11111111111111111111111111111111111111111111111111 $663.900 6651.800 Current market visit* Last statement's market value NET EOUITY LAST STATEMENT 725.846 CHANGE SINCE LAST STATEMENT 12.350 my, patrol ordain one of mow arced smarm Put are not related H Tie Taal Yea el Saab's and Oa Na Ewa This Paul There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. an 'Munn to rot 111801Mberal Manes ally a k net rivaled as a Mr dowdne Pio.= rood ant Offorocco a rfor.foctiot of tacks or sKKks. eidicolod as clottrofoti l0 you. 10 Gent Swims of 8004334-1428: a veto to Clam Sank.. a Bow. Steam &collies Cap.. One Llaroltai Gahm North. 13roollyn, NY. 112014859 ST lass StMena shared be retained for yaw records Ste worn Sr fa 'watt rdermanan 027 OZOIG6:18:32 001 V900 EFTA00195366 CLEARED THROUGH ITS WHOLLY ODAJED SUBSIDIARY 1398f.SDArnIs SOONIIkA COr0 One Mafrotoch Conk. North 9coStAn. New York 11201.3859 EPSTEIN INTERESTS 2 o15 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 020146:18:32 001 V900 EFTA00195367 CLEARED THROUGH ITS IMICUY GMED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT seer. Steams Maxine. Coin Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 One Mafrobsch Conk. North 9coStlin. New York 1120/3859 STEARNS EPSTEIN INTERESTS 3 vi STATEMENT PERK* December 31.2006 THROUGH January 31.2006 ACCOUNT NUMBER Cash Flow Analysis Portfolio Composition TAXPAYER PAISSER On File THIS PERIOD Cash'Cash Equivalent 74.296 LAST STATEMENT December 30.2006 Opening Balance $0.00 Equities 663.900 Money Fund 249.85 Total $738.196 Amount Credited $249.85 Money Fund -249.85 Amount Debited $-249.85 Closing Balance $0.00 Your Portfolio Holdings CASH & CASH EQUIVALENTS Your Portfolio MARKET ESTIMATED CLRFENT Allocation DESCRIPTION SYMBOUOISIP OUANTITT PRICE ANNLAL re,ICl/E r. DREYFUS CASH MANAGEMENT-CL A DIOCC 74,296.12 1.0000 74,296 3,046 4.0998 INSTITUTIONAL SHARES EST, 30 DAY AVG YIELD 4,1800% TOTAL CASH & CASH EQUIVALENTS $74,296 $3,046 Cash & EqJnalent 104 Equities 90% Undm0od porno's donor* 000* 0ttanoe on0c shod maim vain TM alocoma patomps is crowed from tho amok*, marker maluo ,ote parfait*. 027 02,0146:18:32 001 Y900 EFTA00195368 CLEARED THROUGH ITS WHOU.Y CRANED SUBS101ARY OFFICE SERVICING YOUR ACCOUNT Bear. Steams Secedes. Core Bear. Stearns & CO. Inc. BEAR 383 Madison Avenue New York New York 10179 One Mafrotech Conk. North 9foRtlot New York 11201.3859 STEARNS EPSTEIN INTERESTS 4 c, STATEMENT PERIOD December 31.2005 THROUGH January 31.2006 Your Portfolio Holdings (continued) ACCOUNT NUMBER EQUITIES TAXPAYER KAMER On File LAST STATEMENT December 30.2006 Equities & Options Independent, third-party research on certain companies covered by the Firm's research is available to customers of Bear Stearns at no cost, Customers can access this research at wvAv,bearsteams,com or can call (800) 517-2327 to request that a copy of this research be sent to them, ACCT MARKET UNWED CURFINT DESORPTION STMBOL'CUSIP TIN wenn PRCE VALUE ANATOL INCOME YELD l%4 ABERCROMBIE & FITCH CO-CL A ANF CASH 10.000 66.3900 663.900 7.000 1.0544 BANPAIS SA-SPONSOREDADR 13PIBY CASH 20.000 Unpriced REPSTG 6 SER L SHS Total Equities& Options $663.900 $7.000 TOTAL EQUITIES $663.900 $7.000 YOUR PORIFOLIOHOLDINGSESTIMAIED ANNUAL INCOME $10,046 YOUR PRICED PORTFOLIOHOLDINGS $738.196 Transaction Detail MONEY FUND ACTIVITY DATE MOAT TRANSACTON DESORIPTON SYMODUCUSIP WIMP( PACE DONT AMOUNT CREDIT AMOUNT 12/31/05 OPENINGBALANCE 74,046.27 027 020146:18:32 001 '.903 EFTA00195369 CLEARED THROUGH ITS VOICUY OMPTED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT seer. Stearns Seetwees Come. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ono Mafrotoch Conic. North 9coStlin. New York 11201.3859 STEARNS EPSTEIN INTERESTS 5 STATEMENT PERIM December 31.2005 THROUGH January 31.2006 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER NUUSER Ofl File MONEY FUND ACTIVITY (continued) LAST STATEMENT December 30.2005 DATE AKTOAY TRANSACTICN DESCRIPMN SYMEWCTISIP CAMNTRY PRICE DEBIT AMOUNT CREDIT AMOUNT 01/03/06 REINVEST DREYFUS CASH MANAGEMENT-CL A DOCK 249.85 249.85 INSTITUTIONAL SHARES DIVIDEND REINVEST 01/03/06 DIVIDEND DREYFUS CASH MANAGEMENT-CL A DICA 249.85 INSTITUTIONAL SHARES AMT INCLUDED IN 2005 - 1099 01!31/06 CLOSINGBALANCE 74,296.12 TOTAL $-249.85 $249.85 End of Statement 027 01J01108:18:32 001 EFTA00195370