THE JEFFREY E. EPSTEIN 2001 TRUST ONE

I am the Grantor of THE JEFFREY E. EPSTEIN 2001 TRUST ONE ("the trust").
Pursuant to Article FIFTEENTH of the trust, I have the power to amend the trust.
I hereby amend the trust as follows:

FIRST
I hereby remove JEFFREY A. SCHANTZ as a co-Trustee of
the trust and designate GHISLAINE MAXWELL and IRA ZICHERMAN as
successor co-Trustees in his place.

SECOND
I hereby delete Article TWELFTH of the trust and substitute in
its place the following new Article TWELFTH:
"TWELFTH
The Grantor makes the following provisions with respect to the
Trustees:

(a) The last acting Trustee is authorized to designate one or
more additional or successor Trustees by a written and acknowledged
instrument. Designations shall be in writing and may be revoked in writing
3167851
by the maker thereof at any time prior to the qualification of the person
designated.

(b) Any Trustee may resign by giving notice to take effect on
the date specified in said notice.
(c) A Trustee may resign or qualify only by a written
instrument mailed or delivered to the Grantor or a Trustee then acting.

(d) No Trustee acting hereunder shall be liable for any loss
or damage which may occur hereunder, unless due to willful default,
deliberate wrongdoing, or willful violation of an express provision hereof

(e) No Trustee at any time acting hereunder shall be required
to (i) give any bond, undertaking, or other security for the faithful
performance of his duties in any jurisdiction, or be liable for the acts or
omissions of any other Trustee, (ii) file periodic reports in or to any court or
(iii) give notice of appointment as Trustee to any court. Each Trustee acting
hereunder is specifically relieved from any and all of the duties which would
otherwise be placed upon him by Chapter 59 of Title 15 of the Virgin
Islands Code.

(f) Any reference herein to the Trustees shall include
survivors, successors and additional Trustees.
316785.1 2
SDNY_GM_C10007876

The Grantor authorizes the Trustees to (i) divide any trust into
separate trusts and (ii) combine separate trusts with substantially similar
provisions."

IN WITNESS WHEREOF, the undersigned have executed this
agreement on the 27th day of June, 2003.
Jeffrey Epstein, Grantor
Jeffrey Epstein, Trustee
Ghislaine Maxwell, Trustee
Ira Zicherman, Trustee

Territory of the Virgin Islands
District of St Thomas St John

On the 27th day of June in the year 2003, before me, the
undersigned, personally eared JEFFREY E. EPSTEIN, personally known
to me or proved to me on the basis of satisfactory evidence to be the
individual whose name is subscribed to the within instrument and
acknowledged to me that he executed the same in his capacity, and that by
his signature on the instrument, the individual or t person upon behalf of
which the individual acted, executed the instru
d4/
Notary Public
PAUL HOFFMAN 316785.1 3 NOTARY PUBLIC
COMMISSION NO. LNP011-00
COMMISSION WIRES JUNE 2,7 2004
CONFIDENTIAL SDNY_GJGM_00007877
0200

On the 12 day of August in the year 2003, before me, the
undersigned, personally appeared GHISLAINE MAXWELL, personally
known to me or proved to me on the basis of satisfactory evidence to be the
individual whose name is subscribed to the within instrument and
acknowledged to me that she executed the same in her capacity, and that by
her signature on the instrument, the individual or the person upon behalf of
which the individual acted, executed the instrument.
HARRY I. BELLER
Notary Public. State of New York

No. 018E4853924
Qualified in Rockland County 0,- Not
Commission Expires Feb. 17. 20—P

On the 15 day of July in the year 2003, before me, the
undersigned, personally appeared IRA ZICHERMAN, personally known to
me or proved to me on the basis of satisfactory evidence to be the individual
whose name is subscribed to the within instrument and acknowledged to me
that he executed the same in his capacity, and that by his signature on the
instrument, the individual or the person upon behalf of which the individual
acted, executed the instrument.
a  .Th(44  a
Notary Public
ANNA N. VERO
NOTARY PUBUG, Strie 01 New 11:di

No. °IVES:0450
Ounned In Nom Cove A.,
Commission Expires May 14, 20
716785.1
CONFIbENTIAL GJ 000201

AMENDMENT
to
THE JEFFREY E EPSTEIN
2001 TRUST ONE

EF-Dk_00120551

THE JEFFREY E. EPSTEIN 2001 TRUST ONE

TRUST AGREEMENT dated November 8, 2001, between JEFFREY E.
EPSTEIN, as Grantor, and JEFFREY E. EPSTEIN and JEFFREY A. SCHANTZ, as Trustees.

The Grantor hereby transfers to the Trustees the property described in
Schedule A annexed hereto, to be administered and disposed of as provided in this
Agreement.

FIRST
The Trustees shall retain such property, IN TRUST, for the following
purposes:

(a) To pay any part or all of the income and such sums from or any
part or all of the principal of the trust as the Trustees, in their discretion, from time to
time determine for any reason whatsoever to, for, or on behalf of the Grantor. Any
income not so paid shall annually be added to the principal.

(b) On the death of the Grantor, to dispose of the remaining income
and principal of this Trust, including any property received by this trust as a result of the
Grantor's death pursuant to his will or otherwise, as follows:

(a) Ten million dollars ($10,000,000) shall be distributed to the
Trustees of The Jeffrey E. Epstein 2001 Trust Two.

(b) Ten million dollars ($10,000,000) shall be distributed to the
Grantor's brother, MARK LAWRENCE EPSTEIN, if he is then living, or if not to his
issue who are then living.

(c) Ten million dollars ($10,000,000) shall be distributed to JEFFREY
A. SCHANTZ, if he is then living, or if not to his issue who are then living.

(d) The Grantor forgives the following debts:
(1) The indebtedness, if any, owed to the Grantor by his brother, MARK LAWRENCE EPSTEIN;

(2) The indebtedness, if any, owed to the Grantor by his cousin, ROBERT GOODMAN; and
(3) The indebtedness, if any, owed to the Grantor by his friend, ROBERT GOLD.

III

If the 1998 JEFFREY EPSTEIN INSURANCE TRUST does not pay the
sum of at least five million dollars ($5,000,000) on the Grantor's death to issue of the
Grantor's grandparents, as determined by the Grantor's mother, PAULA EPSTEIN and
the Grantor's brother, MARK LAWRENCE EPSTEIN or if they do not survive the
Grantor, by the Grantor's cousin, ROBERT GOODMAN, an amount equal to the
difference between five million dollars ($5,000,000) and the amount paid to such issue of
the Grantor's grandparents from the 1998 JEFFREY EPSTEIN INSURANCE TRUST,
shall be paid by the Trustees to such issue of the Grantor's grandparents who survive the
Grantor, including but not extending beyond the Grantor's second cousins, and in such
shares as shall be determined by the Grantor's cousin, ROBERT GOODMAN. If
ROBERT GOODMAN is the person determining the allocation of this sum, five hundred
thousand dollars ($500,000) shall be paid to him out of the total gift of five million
dollars ($5,000,000), and no further sums are to be allocated by him to himself, his
spouse or his issue.

(3) Upon the death of the beneficiary prior to her thirty-fifth
birthday, to pay the then remaining principal of The Celina Dubin Trust, if any, to her
issue then living, or if she has no such issue to EVA ANDERSSON DUBIN, if she is
then living, or if not to the then living issue of EVA ANDERSSON DUBIN, or if none to
EPSTEIN INTERESTS; a New York not-for-profit trust.

(a) GHISLAINE MAXWELL shall designate, within thirty days of the
Trustees giving notice to her of the Grantor's residential properties, one of the Grantor's
residential properties as the EVA ANDERSSON DUBIN Property and such residential
property and the tangible personal property, including art, customarily used in connection
therewith shall be distributed by the Trustees to EVA ANDERSSON DUBIN, if she is
then living. If such designation has not been timely made by GHISLAINE MAXWELL.,
then the Grantor's Palm Beach residence and the tangible personal property, including
art, customarily used in connection therewith shall be distributed by the Trustees to EVA
ANDERSSON DUBIN, if she is then living. If the Palm Beach residence was not owned
by the Grantor at the time of his death, then EVA ANDERSSON DUBIN, if she is then
living, shall select one of the Grantor's residential properties and such residential
property and the tangible personal property, including art, customarily used in connection
therewith shall be distributed by the Trustees to EVA ANDERSSON DUBIN.

(b) The Trustees shall dispose of the balance of such property as
provided in paragraph (c) below if the spouse of the Grantor is then living, or as provided
in paragraph (d) below if there is no spouse of the Grantor then living but there are any
issue of the Grantor then living, or as provided in paragraph (e) below if there is no
spouse or any issue of the Grantor then living.

(c) Any property which is directed any time to be disposed of as
provided in this paragraph shall distributed to the Trustee, IN SEPARATE TRUST, for
the following purposes:

(1) To pay the income to the spouse of the Grantor at least quarter-annually.
(2) The spouse of the Grantor shall have the exclusive and
unrestricted right to use any residences which are part of this trust during her life,
including the right to occupy the property without charge as a personal residence or to
rent such property and receive the income.

(3) To pay to the spouse of the Grantor at any time or times
during the continuance of the trust such sums from or any part or all of the income and
principal as the Trustees may, in their discretion, determine to the advisable and annually
to add to principal any income not paid to the beneficiary.

(4) The Grantor intends that any part of the trust for the benefit
of his spouse with respect to which a QTIP election can be made qualify for the marital
deduction. Accordingly, no authorization, direction, or other provision that would
prevent property passing to the trust for the Grantor's spouse from so qualifying shall
apply to the trust.

(5) Upon the death of the Grantor's spouse, to pay the then
remaining principal of the trust as provided in paragraph (d) below if any issue of the
Grantor are then living, or if not, as provided in paragraph (e) below.

(d) My property which is directed at any time to be disposed of as
provided in this paragraph shall be divided into as many equal shares as there are children
W0172258-11
SDNY_GM_00007B133
of the Grantor who are then living and children of the Grantor who are not then living but
who have left issue then living. One such share shall be set apart for the benefit of each
child of the Grantor who is then living and one such share shall be set apart, collectively,
for the benefit of the then living issue of each deceased child of the Grantor. Each share
set apart collectively for the benefit of the then living issue of a deceased child of the
Grantor shall be further divided into as many equal shares as shall make one equal share
for the benefit of each then living child of such deceased child of the Grantor and one
share, collectively, for the benefit of the then living issue, if any, of any deceased child of
such deceased child of the Grantor. Each share so set apart shall be disposed of as
provided in article SECOND.

(e) Any property which is directed at any time to be disposed of as
provided in this paragraph shall be distributed to the Trustees, IN SEPARATE TRUST,
for the following purposes:

(1) To pay all the expenses of maintaining any residences,
boats and airplanes held in this trust out of the income of the trust and to pay the balance
of the income to GHISLAINE MAXWELL at least quarter-annually.

(2) To pay to GHISLAINE MAXWELL at any time or times
during her life such other sums from or any part or all of the principal of the trust as the
Trustees may, in their discretion, determine to be advisable.

(3) Upon GHISLAINE MAXWELL's death, or upon the death
of the Grantor, if GHISLAINE MAXWELL predeceases the Grantor:
ROI72255-1j

(A) If EVA ANDERSSON DUBIN is then living, the
remaining trust assets shall be held by the Trustees, IN SEPARATE TRUST, for the
following purposes:

(i) To pay all the expenses of maintaining any
residences, boats and airplanes held in this trust out of the income of the trust and to pay
the balance of the income to EVA ANDERSSON DUBIN at least quarter-annually.

(ii) To pay EVA ANDERSSON DUBIN at any
time or times during her life such other sums from or any part or all of the principal of the
trust as the Trustees may, in their discretion, determine to be advisable.
(iii) Upon EVA ANDERSSON DUBIN's death,
the remaining trust assets shall be disposed of as provided in subsection (4) below.

(B) If EVA ANDERSSON DUBIN is not then living,
the remaining trust assets shall be disposed of as provided in subsection (4) below.

(4) Any property required to be disposed of as provided in this
subsection (4) shall be divided into as many equal shares as shall make one equal share
for each child of EVA ANDERSSON DUBIN who is then living, one equal share for
each child of MARK LAWRENCE EPSTEIN who is then living, one equal share (to be
divided into subshares) for the issue, collectively, of each child of EVA ANDERSSON
DUBIN who is not then living, but who shall have died leaving issue then living, and one
equal share (to be divided into subshares) for the issue, collectively, of each child of
MARK LAWRENCE EPSTEIN who is not then living, but who shall have died leaving
issue then living, and such shares and subshares shall be distributed to such persons,
except that any share or subshare of a person then under the age of thirty shall be retained
(00172258.11
SDNY_GM_00007B135
by the Trustees, IN SEPARATE TRUST, for the benefit of such person ("the
beneficiary") for the following purposes:

(A) To pay to the beneficiary at any time or times
during the continuance of the trust such sums from or any part or all of the income and
principal as the Trustees may, in their discretion, determine to be advisable and annually
to add to principal any income not paid to the beneficiary.

(B) To pay to the beneficiary upon attaining the age of
thirty years the then remaining principal, if any.

(C) Upon the death of the beneficiary prior to his
thirtieth birthday, to pay the then remaining principal, if any, to his issue then living, or if
he has no such issue to EPSTEIN INTERESTS.
SECOND
Any property directed to be set apart for the benefit of a living child of the
Grantor ("the beneficiary") or for the benefit of a living issue of any deceased child of the
Grantor ("the beneficiary") and disposed of as provided in this article shall be retained by
the Trustees, IN SEPARATE TRUST, during the life of the beneficiary or until the
earlier termination of the trust, for the following purposes:

(a) In the discretion of the Trustees, to pay any part or all of the
income to the child of the Grantor or issue of a deceased child of the Grantor and
annually to add to principal any income not so paid.

(b) To pay to the child of the Grantor or issue of a deceased child of
the Grantor at any time or times during the continuance of the trust such sums from or
any part or all of the principal of the trust as the Trustees may, in their discretion,
determine to be advisable.
(00172258-II

(c) Upon the death of the beneficiary, the then principal and
accumulated income of the trust for his or her benefit shall be held, IN FURTHER
TRUST, pursuant to the terms set forth in this article SECOND, for the benefit of the
beneficiary's issue then living, or if he or she has no such issue then living for the benefit
of the Grantor's issue then living, except that the share of any issue of the Grantor for
whose benefit a trust is then in existence pursuant to the provisions of this article shall
instead be added to the principal of such trust to be administered and disposed of by the
Trustees as if a part thereof from the inception of the trust. If the Grantor also has no
issue then living, the Trustees shall pay the balance thereof as provided in paragraph (e)
of article FIRST section V.
(d) Notwithstanding any provision in this trust agreement to the
contrary, each trust created hereunder, if not previously terminated, shall terminate on the
twenty-first anniversary of the death of the last survivor of EVA ANDERSSON DUBIN
and the children of EVA ANDERSSON DUBIN, in being on the date of the Grantor's
death, and thereupon the principal shall be distributed to the beneficiary of such trust then
eligible to receive the income of the trust.
THIRD
With respect to the charitable dispositions made pursuant to article FIRST,
the Grantor directs that if EPSTEIN INTERESTS or any successor charity is not an
organization contributions to which are deductible for federal estate, gift and income tax
purposes (a "qualified charitable organization") at the time any property is to be paid to
it, or if EPSTEIN INTERESTS or such successor charity shall not then exist, the Grantor
authorizes the Trustees to establish a qualified charitable organization, with JEFFREY A.
100172258.II
SCHANTZ and JOSEPH PAGANO as the members, directors and trustees thereof, and
to instead pay such property to such organization.
FOURTH
If, pursuant to a mandatory distribution of principal, any minor becomes
entitled to any share of the principal of any trust created hereunder, the property
constituting such share shall be retained by the Trustees, IN SEPARATE TRUST, to pay
to such minor any part or all of the income, including income previously accumulated,
and the principal as the Trustees may, in their discretion, determine to be reasonably
necessary for the minor's support, maintenance, education, health or other benefit, or, in
the case of income, accumulate any part or all for his benefit. All income and principal
not previously paid as above authorized shall be paid to such minor upon his attaining the
age of twenty-one years, or in the event of and upon his prior death to his estate.
FIFTH
Any income or principal the Trustees are authorized in their discretion to
pay to a minor may, in the discretion of the Trustees, be paid for the benefit of such
minor to a parent or guardian of such minor, or to the custodian for such minor under the
Uniform Gift to Minors Act, or similar Act, of an appropriate state. The receipt of the
parent, guardian or custodian to whom any income or principal is paid shall be a full
discharge of the Trustees from liability with respect to such payment and from further
accountability therefor.
100172258-1]
CONFIdENTIAL GJ 000211
SIXTH
Wherever the Trustees are directed or authorized to pay income or
principal to any person, the Trustees shall be authorized in their discretion to apply
income or principal to or for the use of such person.
SEVENTH
In exercising any discretion the Trustees, or such of them as are authorized
to act, may, but shall not be required to, consider and accept as correct any statement
which they believe to be reliable made by any person, including a person interested in the
way in which the discretion is exercised. The Trustees, in exercising any discretionary
authority given to them under any provision of this agreement, shall not be required to
take into account any other resources of income or of principal available to the person to
whom a distribution is under consideration.
EIGHTH
The word "issue" as used in this agreement shall mean issue per stirpes.
The word "discretion" as used in this agreement shall mean "sole, exclusive, and
unrestricted discretion." The word "taxes" as used in this agreement shall include all
interest thereon and penalties with respect thereto. Unless the context otherwise requires,
the use of the masculine and feminine shall be interchangeable, and the use of the
singular and plural shall be interchangeable. The words "the Grantor's residential
properties" shall include all residences owned by the Grantor, whether directly or
indirectly, and whether owned in trust, corporate, corporate nominee, limited liability
company, partnership or any other form of ownership.
100172258•II
NINTH
All estate, succession, legacy, generation skipping transfer taxes and
inheritance taxes, federal, state, and other, which may be payable by reason of the
Grantor's death, whether in respect of property passing under this agreement or in respect
of property not passing under this agreement, shall be paid out of the property disposed of
pursuant to article FIRST section V paragraph (b).
TENTH
In extension and not in limitation of authority which the Trustees would
otherwise have pursuant to law or pursuant to other provisions of this agreement, the
Grantor directs that they have the following discretionary powers:

(a) To retain for as long a period of time as they may consider
advisable or proper any property of any kind which may at any time be in their hands.

(b) To sell at public or private sale or to exchange any property which
may at any time be in their hands, without application to court, on any terms which they
may consider advisable or proper, including terms involving an extension of credit for
any period of time and with or without security.

(c) To invest in or otherwise acquire any property, real or personal, of
any kind, without limitation, without being bound by any provision of law restricting
investments by trustees, including but not limited to common and preferred stocks,
domestic or foreign, interests in partnerships and limited liability companies, secured and
unsecured obligations, mutual and common funds, other securities, mortgages,
commodity futures and contracts, repurchase agreements, and interests and options in any
of the foregoing.
(00172258.11
property that is like or different from the property used to make any other distribution to
any other trustee, beneficiary or remainderman.

(k) To operate, repair, alter and improve any real property which they
may hold or in which they may hold an interest or a participation; to erect or demolish
buildings thereon; to enter into leases for such real property or any part thereof or any
interest or participation therein for any period of time; to mortgage such real property or
any part thereof or any interest or participation therein for any period of time; to grant
options with respect to such real property, mortgages and leases or any interest or
participation therein for any period of time; to perform, modify, waive provisions of,
extend, renew, terminate or otherwise act in respect of any such leases, mortgages or
options; to cause such real property or any interest or participation therein or any part
thereof and themselves to be insured against any and all risks; to retain an agent or agents
for any of the foregoing purposes; and to do or omit to do anything of any kind or nature
with respect to any such real property or any part thereof or any interest or option with
respect thereto and the management thereof which they may in their discretion consider
advisable, whether or not such act or omission is hereinabove specifically mentioned,
without being bound by any restrictions which might otherwise be applicable and without
court approval.

(I) To determine, in case of reasonable doubt on their part, whether
any property coming into their hands constitutes income or principal, and whether any
payment or expenditure made by them shall be charged to income or to principal.

(m) To retain any interest in, to invest in and become a member of, any
real estate partnership or joint venture; to comply with all the terms and provisions of
fUOI72258-II
CONFIE5ENTIAL GJ 000214
every real estate partnership or joint venture relating to any investment at any time held
by them; to succeed the Grantor as a member of any such partnership or joint venture,
and to vote, execute consents, exercise all rights and take such other action with respect
to any real estate partnership or joint venture as they, in their discretion, deem advisable.

(n) To become or continue to be an officer, director, or employee of
any corporation, the stock of which may be owned by the Grantor's estate or the trust
created hereunder and as such officer, director or employee to receive a salary, bonus, or
other compensation in reasonable amount for services rendered to said corporation.

(o) To delegate to any one of the Trustees any nondiscretionary power,
including but not limited to the power, singly or with others, to sign checks, withdrawal
slips, instructions for the receipt or delivery of securities or other property, and
instructions for the payment or receipt of money, and the power, singly or with others, to
have access to any safe deposit box or other place where property of any trust created
pursuant to this agreement is deposited.

(p) To transfer any property which they may at any time hold to any
jurisdiction which they deem advisable.
In addition to the foregoing discretionary powers, the Grantor directs that
in the administration of any trust created hereunder, except any trust created for the
benefit of the Grantor's spouse which would otherwise qualify for a marital deduction,
the Trustees shall have discretionary power to permit funds to remain uninvested, and to
retain for an unlimited period of time and to retain property which is not productive of
income.
CONFIDENTIAL 100172258-1i GJ 000215
If any power, authority or discretion granted to the Trustees would operate
to deprive the Grantor's estate in whole or in part of the marital or charitable deduction
afforded under federal or state law, the Grantor directs that such power, authority or
discretion shall not be applicable to any gift to the Grantor's spouse or to any trust
created for her benefit which would otherwise qualify for a marital deduction or to any
property which would otherwise qualify for a marital or charitable deduction and which
constitutes part or all of any such gift or of such trust.
The Trustees shall continue to have all the powers herein vested in them
until the final distribution of all property in their hands.
ELEVENTH

(a) No part of the income or principal of any trust hereunder may be
transferred, assigned, sold or otherwise alienated by any beneficiary, or become subject
to the debts of any beneficiary.

(b) The judgment of the Trustees as to the payment of income and
principal to any person shall be conclusive and shall not be subject to judicial review. It
is the Grantor's intention that the Trustees shall have unrestricted discretion to withhold
income and principal from any beneficiary and that no court shall be authorized to direct
an allowance from the income or principal of any trust to any beneficiary without the
consent of the Trustees.
TWELFTH
The Grantor makes the following provisions with respect to the Trustees:

(a) JEFFREY A. SCHANTZ is authorized to designate one or more
additional or successor Trustees and is further authorized to remove any Trustee acting
hereunder by a written and acknowledged instrument. Designations shall be in writing
(00172258-II
CONFICI NITIAL GJ 000216
and may be revoked in writing by the maker thereof at any time prior to the qualification
of the person designated.

(b) If JEFFREY A. SCHANTZ resigns, or at any time ceases to act as
Trustee, without having designated an additional or successor Trustee, the Grantor
appoints DARKEN INDYKE as Trustee in his place.

(c) Any Trustee may resign by giving notice to take effect on the date
specified in said notice.
(d) A Trustee may resign or qualify only by a written instrument
mailed or delivered to the Grantor or a Trustee then acting.

(e) No Trustee acting hereunder shall be liable for any loss or damage
which may occur hereunder, unless due to willful default, deliberate wrongdoing, or
willful violation of an express provision hereof.

(f) No Trustee at any time acting hereunder shall be required to (i)
give any bond, undertaking, or other security for the faithful performance of his duties in
any jurisdiction, or be liable for the acts or omissions of any other Trustee, (ii) file
periodic reports in or to any court or (iii) give notice of appointment as Trustee to any
court. Each Trustee acting hereunder is specifically relieved from any and all of the
duties which would otherwise be placed upon him by Chapter 59 of Title 15 of the Virgin
Islands Code.
(g) Any reference herein to the Trustees shall include survivors,
successors and additional Trustees.
The Grantor authorizes the Trustees to (i) divide any trust into separate
trusts and (ii) combine separate trusts with substantially similar provisions.
10017225E-11
CONFICitNITIAL GJ 000217
sone_cm_0000ze94
THIRTEENTH
The Grantor, or any other person, with the consent of the Trustees, shall
have the right to make additions to any trust hereunder by will or otherwise by
transferring to the Trustees additional real or personal property.
FOURTEENTH
The Trustees hereby accept the trust and agree to execute it to the best of
their ability.
FIFTEENTH
The Grantor retains the right at any time or times during his life to revoke,
in whole or in part, this agreement and the trust created hereunder and to receive the
entire income and principal.
The Grantor retains the right at any time or times during his life to amend
this agreement and the trust created hereunder.
The Grantor may revoke or amend this agreement and the trust created
hereunder by a written and acknowledged instrument. The right to revoke or amend the
trust shall be a personal right of the Grantor and may not be exercised on his behalf by
any guardian, conservator, committee or other such entity.
This Agreement and the trust created hereunder shall become irrevocable
and unamendable upon the Grantor's death.
SIXTEENTH
If any beneficiary under this trust shall in any way directly or indirectly (a)
contest or object to the probate of the Grantor's will or to the validity of any disposition
or provision of the Grantor's will or of this trust or (b) institute or prosecute, or be in any
way directly or indirectly instrumental in the institution or prosecution of, any action,
(00172258-11
proceeding, contest, objection or claim for the purpose of setting aside or invalidating the
Grantor's will or this trust or any disposition therein or provision thereof, then the
Grantor directs that (a) any and all provisions in this trust for such beneficiary and his
issue in any degree shall be null and void and (b) the trust property shall be disposed of as
if such beneficiary and his issue in any degree had all failed to survive the Grantor.
SEVENTEENTH
This Agreement and the trust hereby created shall be construed and
governed by the laws of the United States Virgin Islands applicable to agreements made,
delivered and performed therein.
EIGHTEENTH
This Agreement and the trust created hereunder may be referred to as "The
Jeffrey E. Epstein 2001 Trust ONE."
IN WITNESS WHEREOF, the undersigned have executed this agreement
as of the day and year first above written.
100172258-11
JEFFREY E. EP
JEFFREY
JEFFREY A. S Z, T tee
19
GJ 000219
SDNY_GM_00007896 CONFIDENTIAL EFTA_00 120568
SCFIEDULE A
CASH $100.00
10017223.11
CONFIDENTIAL C.1 000220
som 0.1000071.7
1317,1101205.59
STATE OF NEW YORK )
) ss.:
COUNTY OF NEW YORK )
On the 81h day of November in the year 2001, before me, the undersigned, personally
appeared JEFFREY E. EPSTEIN, personally known to me or proved to me on the basis
of satisfactory evidence to be the individual whose name is subscribed to the within
instrument and acknowledged to me that he executed the same in his capacity, and that by
his signature on the instrument, the individual or the person upon behalf of which the
individual acted, executed the instrument.
Notary P
STATE OF NEW YORK )
) ss.:
COUNTY OF NEW YORK )
LAUREN J. KWINTNER Notary Public, State of New Writ No. 02KW6016688 °unfilled In New York County
Commission Expires November 30. 20 =.
On the gib day of November in the year 2001, before me, the undersigned, personally
appeared JEFFREY A. SCHANTZ, personally known to me or proved to me on the basis
of satisfactory evidence to be the individual whose name is subscribed to the within
instrument and acknowledged to me that he executed the same in his capacity, and that by
his signature on the instrument, the individual or the person upon behalf of which the
individual acted, executed the instrument.
100172258-I)
LAUREN J. KWINTNER
Notary Public, State of New York
No. 02KW6016688
°unfilled in New York County
Commission Expires November 30, 20 £2

paychecks signed by Epstein deposited at Colonial Bank

Statements
CLEARED THAGVG/I ITS
yriseLLY 0H0¢0 SUBSOIAlly
BUR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
ACCOUNT EXECUTIVE GNMA GOVT BOND
VISIT OUR WEBSITE wentbearstearns.com
What's In This Statement
Financial Summary  3
Your Portfolio Holdings  3
Transaction Detail  4
Your Portfolio at a Glance
NET CREDIT BALANCE
lllII.11IiIlllllll I ll
FINANCIAL TRUST CO INC
0/0 JEFFREY EPSTEIN
6100 RED HOOK QUARTER
STE B3
ST THOMAS VI 00802
137,909 Cash $ Equivalent H
NET EQUITY THIS PERIOD $137,909
NET EQUITY LAST STATEMENT
CHANGE SINCE LAST STATEMENT
137,131
There are no 'Stop Loss' orders or other pending buy
or sell open orders on tile for your account.
Market Value of Your Portfolio
I 5137.909
$137.131
Current market value
Last statement's market value
I fir
FINANCIAL TRUST CO INC
STATEMENT PERIOD December 1.2005
THROUGH December 30.2005
ACCGUNT NUMBER
TAXPAYER KAMER On File
LAST STATEMENT NOyernter 30.2005
Tai Pornir/ Mr GfOrmormool palms only Nis ro trended as  downer
Tin statsensrA should be retailed for your records Soo mono ma Ice nonant reconaran
027 l2GLOS09:00 00I
U any information regarding
2005interest, dividends.
miscellaneous income. gross
proceeds or original issue
discount is required to be
reported to the IRS for this
account, a Consolidated Form
1099wi11 be mailed to you by
January 31.20D6or a 1042S
by March 15,2006.
V899
CLEMIE0 TIIIICV01 ITS
0"E0 SUBSI0SAIlv
FINANCIAL TRUST CO INC
2 ol 4
STATEMENT BACKER IS PRINTED ON THIS PAGE
027 12,31005:09:00 001 V899
CLEARED TRACOGH nS
valCtLY CAMuE0 SUBSIDIAAY
B
STURUR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
3 c/
Cash Flow Analysis Income Summary
THIS PERICO DRS PENCO YEM TO DATE
Opening Balance $137,131.41 U.S. Govt. Bond Int. 0.00 4.718.243.44
Govt. Agency Int. 0.00 6.167.659.06
Dividends/Interest 778.08
Corp. Bond Int. 0.00 1,279,184.80
Amount Credited $778.08 Credit Balance Int. 778.08 12,704.04
Reverse Repurchase Int. 0.00 1.636.307.17
Net Cash Activity 778.08
Total $778.08 $13,814.098.51
Closing Balance $137.909.49
Bond Purchase Int. 0.00 -6.596,679.06
Repurchase Int. Exp. 0.00 -1,761,173.79
Cash Balance Summary
OPOONG CLOSING Portfolio Composition
Margin 137,131.41 137,909.49
CashiCash Equivalent 137,909
Net Cash Balance $137.131.41 $137.909.49 Total $137.909
Your Portfolio Holdings
CASH & CASH EQUIVALENTS
oEscainou
CASH BALANCE
TOTAL CASH & CASH EQUIVALENTS
SYMBOXCUS1P
PMPXET ESTIMATED CUAPEM
OUANTITY PRIGS vALUE ANWAL INCOME vac Ni
137.909
$137,909
027 12,31.05:09:W 001
FINANCIAL TRUST CO INC
STATEMENT Puce December 1.2005
THROUGH December 30.2005
ACCOUNT NUMBER
TAXPAYER KAMER On File
LAST STATEMENT November 30.2005
Your Portfolio
Allocation
Cash & Equivalent
100%
UntEnded prima, clenc.1* 000t balance omit ,  shod
maim vaios TrA alocatxn warm": Is clorhod
Irom to attscla (radon WAIT oF ,oue
V899
CLEARED TRIICtiGH nS
YnIQIY OmnE0 SUBSIDIAnY
B
STURUR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Steams & Co. Inc.
4 C/
Your Portfolio Holdings (continued)
YOUR PRICED PORTFOLIOHOLDINGS $137.909
Transaction Detail
INTEREST
DATE CESCRPTION
12/01/05 AVG BAL 137,131RT 3.288
021 OFFICE INTEREST 1105
SYMOCIJCVW DUMMY RATE IV DENT AMOUNT
FINANCIAL TRUST CO INC
STATEMENT PERK* December 1.2005
THROUGH December 30.2005
AccouNT NUMBER
TAXPAYER WEBER On File
LAST sTATEmENT November 30.2005
CREDIT AMOUNT
375.77
12/30/05 AVG BAL 137.507RT 3.397
021 OFFICE INTEREST 1205
402.31
TOTAL $778.08
End of Statement
027 12.31.0S:09:C0 001
CLEARED IHRMIGH ITS
7010U.Y OHEE0 SUEINOMAy
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
ACCOUNT EXECUTIVE GNMA GOVT BOND
VISIT OUR WEBSITE wovw.bearstearns.cOm
What's In This Statement IIIIMIIMIIIaITII I ll
Financial Summary   3 FINANCIAL TRUST CO INC
Your Portfolio Holdings   3 0/0 JEFFREY EPSTEIN
Transaction Detail   4 6100 RED HOOK QUARTER
STE 63
ST THOMAS VI 00802
Your Portfolio at a Glance Market Value of Your Portfolio
NET CREDIT BALANCE 137,131 Cash a Eqtivalent
NET EQUITY THIS PERIOD $137,131
NET EQUITY LAST STATEMENT 132,001
CHANGE SINCE LAST STATEMENT 5,130
There are no 'Stop Loss' orders or other pending buy
or sell open orders on file for your account.
^ 't(ttorlI)
Ill  $137.131
$132.001
iNg Current market value
Bal Last statements market value
FINANCIAL TRUST CO INC
STATEMENT PERIOD NOTPTION 1.2005
THROUGH Noyernter 30.2005
ACCOUNT NUMBER
TAXPAYER MAGER On NE
LAST STATEMENT °Ste 31.2005
TI'n S'anirY .6 CO, nrcemebonel osmoses caly Xis rat riended as a ta. Oman
Ths ustseners shot/a as reared for your records See reverse sea for frowner< ricemanat
027 1ZOIGS:07:35 001 vase
GEARED 110.100044 ITS
WHOLLY OMAE0 $1.1090MAv
FINANCIAL TRUST CO INC
2 oi 4
STATEMENT BACKER IS PRINTED ON THIS PAGE
021 1201.135:07:35 001 Y990
CLEARED THRouGH ITS
wilCu.Y omko SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
3 v/
Cash Flow Analysis
THIS PERIOD
Income Summary DRS PERIOD YEAS TO DATE
OpeningBalance $132,001.23 U.S. Govt. Bond Int. O.OO 4.718.243.44
Govt. Agency Int. O.OO 6.167.659.O6
Dividends/Interest 5,13O.18 Corp. Bond Int. O.OO 1,279,184.8O
Amount Credited $5,130.18 Credit Balance Int. 5,13O.18 11,925.96
Reverse Repurchase Int. O.OO 1.636.3O7.17
Net Cash Activity 5.13O.18
Total $5.13O.18 $13 813 320.43
Closing Balance $137,131.41 Bond Purchase Int. O.OO -6.596,679.06
Repurchase Int. Exp. O.OO -1.761,173.79
Cash Balance Summary
OPEr. nG CLOSING Portfolio Composition
Margin 132,OO1.23 137,131.41 CashtCash Equivalent 137.131
Net Cash Balance $132,001.23 $137,131.41 Total $137.131
Your Portfolio Holdings
CASH & CASH EQUIVALENTS
oescae-mu
CASH BALANCE
TOTAL CASH 8 CASH EQUIVALENTS $137,131
SITIBOSCuSIP
/MRKET ESTIMATED CURRENT
°DRURY PRICE VALUE MM.% INCOME VELD 1%4
137.131
027 12.0146:07:35 001
FINANCIAL TRUST CO INC
STATEMENT PERIOD November 1.2005
THROUGH November 30.2005
AccouNT NUMBER
TAXPAYER KAISER On Fite
LAST sTATELTENT Goober 31.2005
Your Portfolio
Allocation
Cash & Equivalenl-
10O%
ItMtvittO V0MOnt Oen,* Oat "nonce *nee toe
male vela, Tea eloveran ;event'', tepee."
Iron Vo 00191.ve motel otte al >et pane",
vase
CLEARED THROuGH ITS
IMICELY omeo SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
4 C/
Your Portfolio Holdings (continued)
YOUR PRICED PORTFOLIOHOLDINGS $137.131
Transaction Detail
INTEREST
DATE DESCRIPTION
11/01/05 AVG BAL 1984.653RT 3.002
021 OFFICE INTEREST 1005
STMEICIJCUSIP OUMMTY RATE I%1 DENT AMOUNT
FINANCIAL TRUST CO INC
STATEMENT PERIOD November 1.2005
THROUGH November 30.2005
ACCOUNT NUMBER
TAXPAYER MAGER On Fite
LAST STATEMENT Ociober 31.2005
CREPT AMOUNT
5,130.18
TOTAL $5,130.18
End of Statement
027 1201OS:07:35 001 Y898
GUARS THROLGH ITS
wisestr OnNE0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
ACCOUNT EXECUTIVE GNMA GOVT BOND
VISIT OUR WEBSITE wonv.hearsteams.com
What's In This Statement IIIltlllltllral111 I ll
Financial Summary   3 FINANCIAL TRUST CO INC
Your Portfolio Holdings   4 0/0 JEFFREY EPSTEIN
Transaction Detail   4 61OO RED HOOK QUARTER
STE B3
ST THOMAS VI OO8O2
Your Portfolio at a Glance Market Value of Your Portfolio
NET CREDIT BALANCE 132,OO1 Cash& Equivalent
NET EQUITY THIS PERIOD
SI32.001
$114.805
$132,001 MN Current market value
NA Last statements market value
NET EQUITY LAST STATEMENT 114,8O5
CHANGE SINCE LAST STATEMENT 17.196
There are no 'Stop Loss' orders or other pending buy
or sell open orders on file for your account.
FINANCIAL TRUST CO INC
STATEMENT PERK* October 1.2005
THROUGH October 31.2005
ACCOUNT NUMBER
TAXPAYER I...AMER On File
LAST STATUTES' September 30.2005
SIKTNT SHYTTOTT 11 for N0THISonal SINN, only It Ism< NESS asst.. &warners
The stationers should be titans TN your words Ss mom td o for npolart ricesIon
027 11/01,05:06:34 001 V897
CLEARED 'THROUGH RS
YRIOLLY ORAEO SUBSIDIARY
FINANCIAL TRUST CO INC
2 of e
STATEMENT BACKER IS PRINTED ON THIS PAGE
027 lbOIG5:081W 001 V897
CLEARED THROUGH ITS
WHOLLY icim.co SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
3 c/
Cash Flow Analysis
THIS PERIOD
Income Summary DC PERIOD YEAS TO DATE
Opening Balance $114,805.20 U.S. Govt. Bond Int. 0.00 4.718.243.44
Govt. Agency Int. 0.00 6.167.659.06
Securities Sold 119,604,887.50 Corp. Bond Int. 0.00 1.279.184.80
Dividends Interest 521.39 Credit Balance Int. 521.39 6.795.78
Miscellaneous 152,754.39 Reverse Repurchase Int. 32.231.25 1.636.307.17
Amount Credited $119,758,163.28 Total $32,752.64 $13 808 190.25
Securities Bought -100,472.656.25 Bond Purchase Int. 0.00 -6.596,679.06
Funds Withdrawn -63.185.00 Repurchase Int. Exp. 0.00 -1,761,173.79
Miscellaneous -19,205,126.00
Amount Debited $-119,740,967.25
Portfolio Composition Net Cash Activity 17,196.03
CashtCash Equivalent 132,001
ClosingBalance $132,001.23
Total 5132.001
Cash Balance Summary
OPENNIG CLOSING
Margn 114.805.20 132,001.23
Net Cash Balance $114,805.20 $132,001.23
FINANCIAL TRUST CO INC
STATEMENT PERKO °CMOS! 1.2005
THROUGH October 31.2005
ACCOUNT NUMBER
TAXPAYER NLIUMER Ofl Ale
LAST STATEMENT Seplefiltet 30.2005
Your Portfolio
Allocation
Cash & Equivalen1-
100%
UnttNitied 'roans 0en,* oelet "nonce *nee "toe
male vela, The elevehm ;event'', 6, de•ued
Iron Vo etnol.te market rat), pi >es patio",
027 1101 ,0S:06:3A 001 V897
CLEARED THROUGH ITS
WHOLLY OM ED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
4 c,
Your Portfolio Holdings
CASH & CASH EQUIVALENTS
DESORPTION
CASH BALANCE
TOTAL CASH 8, CASH EQUIVALENTS $132.001
SIMBOLOUSIP
MAPXEI ESTIMATED CUAPENT
SUANTITY PRICE VALUE NVUAL INCOME VELD 1%)
132,001
YOUR PRICED PORTFOLIOHOLDINGS $132.001
Transaction Detail
INVESTMENT ACTIVITY
FINANCIAL TRUST CO INC
STATEMENT PERIOD Octoter 1.2005
THROUGH Octoter 31.2005
ACCOUNT NUMBER
TAXPAYER MASSER On PIM
LAST STATEMENT SMNOTIMI 30.2005
SETTLEMENT
DATE
TRADE
DATE TRANSACTION DESORIPTIN SY/A0O-CUSP OJANTITY PRICE DENT AMOUNT CREDO AMOUNT
10/13/05
10/13/05
09/16/05
09/07/05
BOUGHT
CANCEL SELL
FNMA-30YR(FNMAJGTD
SEMI 005
FNMA 30YR1FNMA)GTD
SETT, i 0x05
BS
MIN
50.000.000
50.000.000
100.32031
100.62500
50,160,156.25
50,312,500.00
11011.05.500%
57170000 BS
AS OF 09/07t05
TO CA. PREVIOUS SELL
027 11.0145:00:3.1 001 .897
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT TRADE
DATE DATE TRANSACT/3N OESCRIPTION
10/13/05 09/16/05 CANCEL BUY FNMA-30YR(FNMA)GID
maitSEIT.10/05 05.500%
7250000 BS
10/13/05 09/07/05 SOLD
AS OF 09/I6105
TOM PREVIOUS BUY
FNMA-30YR(FNMA)GTD
SETT. 045
1011.005.50015
57170000 BS
C'A_
DEPOSITS AND WITHDRAWALS
Dt.-E TRAAISACTCN DESCRPTION
10/12/05 FND WIRED MOAN FNDS WIRED TO
CLEARED TuRouom ITS
%%ore 0‘m,E0 SUEISIOany
Beer Ster
FINANCIAL TRUST CO INC
STATEMENT PERK* October 1.2005
THROUGH October 31.2005
Accouvr NUMBER
TAXPAYER KIDDER On File
LAST STATEMENT Septenter 30. 2005
SYX4EIOLCUS, OVAMITY PRICE DEIST AMOUNT CREDIT AMOUNT
-50.000,000 100.32031 50,160,156.25
-50.000.000 100.62500 50,312,500.00
3-100,472,656.25 $100,472,656.25
DEMI *mum
63.185.00
CREDIT AMOUNT
TOTAL $-63,185.00
INTEREST
DATE OESCRIPTION
10/03/05 AVG BAL 224,631RT 2.785
021 OFFICE INTEREST 0905
SYMEICLiCUSIP OUNITITY RATE Ix./ CENT AMOUNT CREW AMOUNT
521.39
TOTAL $521.39
027 11)01tOS:08:34 001 Y897
CLEARED THROUGH ITS
WHOU.Y OMEO SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
6 c/
Transaction Detail (continued)
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS
with Bear,Stearns& Co. Inc.
SETTLEMENT TIMDE
DATE CATE
10114/. JOURNAL ADP CD
FITM-PR F2633219010
10131/49
TRANSACTION DESCRPXON
FINANCIAL TRUST CO INC
STATEMENT PERIOD &IOW 1.2005
THROUGH October 31.2005
=OMNI NUMBER
TAXPAYER NUMBER On Fite
LAST STATEMENT September 30.2005
SYMEICOICUSIP OVANNIY DEBIT AMOUNT CREDIT AMOUNT
10114,E INTEREST ADP CD
DUE 12/31/2049 8,625
NMI
19.100.000.00
32.231.25
TOTAL $19.132.231.25
MISCELLANEOUS
DATE wow IRMSACTON DESCRIPTOR DES ,T AMCW4T GRECO AmOuni
10/06/05 JOURNAL FR CMDY A/C 410.64
10/13/05 JOURNAL FNMA-30YR(FNMA)G1D 152,343.75
SER,I 0/05
5,500 DUE 10101/35
MBS NET 10/13/05
10/17/05 JOURNAL FINAL REDEMPTION 19.203.776.00
10/21/05 JOURNAL 9)05 SPEC PART 2 CLR FEES 1.350.00
TOTAL $-19,205.126.00 $152.754.39
End of Statement
07/ I IVIGEGM34 001 v897
CLEARED THROUGH ITS
WHOO.Y OWNED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
ACCOUNT EXECUTIVE GNMA GOVT BOND
VISIT OUR WEBSIIE wenv.bearstearns.cOm
What's In This Statement
Financial Summary  3
Your Portfolio Holdings   4
Transaction Detail   4
Trades Not Yet Settled   36
Your Portfolio at a Glance
NET CREDIT BALANCE 114.805
NET EQUITY THIS PERIOD $114,805
llllllllllllllllll I ll
FINANCIAL TRUST CO INC
C.I0 JEFFREY EPSTEIN
6100 RED HOOK QUARTER
STE 63
ST THOMAS VI 00802
Market Value of Your Portfolio
Cash a Eque,aiem _lc Si 14.805
E sA $221.488
Filed „
NET EQUITY LAST STATEMENT
CHANGE SINCE LAST STATEMENT
3.443,744
-3,328,938
There are no 'Stop Loss' orders or other pending buy
or sell open orders on file for your account.
Ctrellnri ,
NM Current market vase
gig Last statements market value
$3.188.141
FINANCIAL TRUST CO INC
STATEMENT PERIOD Sept/WIWI 1.2005
THROUGH Septernter 30.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On He
LAST STATEMENT August 31.2005
St Tin unInursin fc• Nonnabenal peposes ply it is ra etentINI as a ta. cloonto
Tin outornorc should Do Honed for your words Soo canna tel Ice moron riconaton
02? CIOT .896
CLEARED 'THROUGH RS
WHOLLY OBAED SUBSIDIARY
FINANCIAL TRUST CO INC
2 U186
STATEMENT BACKER IS PRINTED ON THIS PAGE
027 10,01,0511:50 001 V896
CLEARED THROUGH ITS
MIPS? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
3 c/ lb
Cash Flow Analysis
THIS PERIOD
Income Summary DC PERIOD YEAR TO DATE
Opening Balance $221.487.52 U.S. Govt. Bond Int. 198.148.87 4.718.243.44
Govt. Agency Int. 775.394.53 6.167.659.O6
Securities Sold 1,385,266,7O8.58 Corp. Bond Int. 136.678.49 1.279.184.8O
Dividends Interest 1,182,572.79 Credit Balance Int. 951.82 6,274.39
Miscellaneous 745.735.38 Reverse Repurchase Int. 8O.288.31 1.604.075.92
Amount Credited $1,387.195.016.75 Total $1 191 462.O2 $13 775 437.61
Securities Bought -1,385,814,343.72 Bond Purchase Int. -203.722.59 -6.596,679.06
Dividends Interest Charged -275.121.67 Repurchase lnt. Exp. -260.593.74 -1,761,173.79
Miscellaneous -1,212.233.68
Amount Debited $-1,387,301,699.07
Portfolio Composition Net Cash Activity -1O6.682.32
Castileash Equivalent 114,8O5
ClosingBalance $114.8O5.2O
Total 5114.805
Cash Balance Summary
OPENING CLOSING
Margn 221,487.52 114,805.20
Net Cash Balance $221,487.52 $114,8O5.2O
027 05:11:50 001
FINANCIAL TRUST CO INC
STATEMENT PERIOD September 1.2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER AILICER On File
LAST STATEMENT AUgUST 31.2005
Your Portfolio
Allocation
Cash 8 Equivalenl-
10O%
le/ogled Grote 0en,* oat bloom *NW lope
male< wive, The eloml✓r move n, to ee•uee
lown Ve etnel.te market rat), el >ev peekee
CLEARED THROWN ITS
MIPS? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
4 CI
Your Portfolio Holdings
CASH & CASH EQUIVALENTS
DESCioniOn
CASH BALANCE
SIMBOLCUSIP
IMRXE1 ESTIMATED CURRENT
QUANTITY VALUE ANWOL INCOME Y13.0
114.805
TOTAL CASH & CASH EQUIVALENTS 8114806
YOUR PRICED PORTFOLIOHOLDINGS $114.805
Transaction Detail
INVESTMENT ACTIVITY
FINANCIAL TRUST CO INC
STATEMENT PEROT) SEDIETDOT 1.2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER KAMER On Fite
LAST STATEMENT AufmST 31.2005
SETTLEMENT
DATE
TRADE
DATE TRANSACTION oEscromon SYMeoccum2 OVAMITY PHCE DENT AMOUNT crew AMOUNT
09/01105 08/31105 BOUGHT UNITED STATES TREASURY NOTE 18.000.000 100.11719 18,021,093.75
04,000% FA 28 ACCR. INT. 1,9138.95
RIP(
GVER REF ft Al
09102/05 09/01105 BOUGHT UNITED STATES TREASURY NOTE 5.000.000 101.70313 5,0115.19625
04,260% FA
TO MATURITY
15 ACM INT, 10,394.02
GVER REF # G2442669 Al
09.02/05 09/01105 BOUGHT UNITED STATES TREASURY NOTE 10.000.000 100.49219 10,049,218.75
04,000% FA
MATURITY
28 ACCR. 9[1, 2.209.94
GVER REF tt G2443875 Al
027 1001005:11:SO 001 V8SC
CLEARED THROUGH ITS
MOLLY CALY*0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSAC11071 DESCRIPTION STMEPOLCUSV OVANTITY ',FEE DEW AMOUNT CREDIT MADUNT
09/02/05 09/01105 BOUGHT UNITED STATES TREASURY 143TE 10.000.000 100.55469 10655.468.75
04.000% FA 28 ACM INT. 2209.94
MATURITY
GVER REF # G2443878 Al
09107/05 09/06105 SOLD UNITED STATES TREASURY NOTE -10.000.000 100.35156 10.035.156 .25
04.000% FA 28
MATURITY
ACCR, INT, 7.734.81
OVER REF # G2494731 Al
0908105 09107/05 SOLD UNITED STATES TREASURY NOTE MOM -5.000.000 101.06250 5.053.125.00
4.250% FA 15 ACCR. INT. 13.858.70
MATURITY
GVER REF or G2503140 Al
09718/05 PRINCIPAL FEDL HOME LOAN MTG CORPaSt0i09 Milli 6.399
SERIES 227 CLASS 10
5.000 DUE 12101/34
PRINCIPAL REDUCTN 09-15-05
09113/05 09/12/05 SOLD UNITED STATES TREASURY NNE Milli -20.000.000 100.17188 20,034,375,00
04.000% FA 28
MATURITY
ACCR, INT, 28.72928
GVER REF # G2552394 Al
091465 0810365 CANCEL SELL FNMA-30YR(FNMAJG1D 10608000 98.20313 8828312.50
SETT.09105
7150000 BS
AS OF 08/03105
TO CA. PREVIOUS SELL
0914105 08/31105 BOUGHT FNMA-30YR#NMA)GTD VIM 10.000.000 99.09375 9.909.375.00
SE 7.09)05
1. S1ean $PCmitkl EAR
FINANCa TRUST CO INC
STATEMENT PER00 September 1.2005
THROUGH September 30.2005
ACCOUYT NUMBER
TAXPAYER MAGER GM File
LAST STATEMENT August 31.2005
1011.05.000tt
57020000 BS
027 100105:11:50 001 V896
CLEARED THROuGH ITS
WHOLLY omeo SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
6 4' a:
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION
09/14105 08/11105 CANCEL SELL
09/14105 08/11105 BOUGHT
09/14105 08117105 CANCEL SELL
09/14105 08/17105 BOUGHT
09/14105 08/19/05 BOUGHT
09/14105 08119105 CANCEL SELL
DESCRIPTION
FNMA-30YR(FNMA)GTD
SETT.09105
1111005.000%
AS OF 08/11105
TO C)3. PREVIOUS SELL
FNMA-30YR(FNMA)G7D
SETT.09 05
FNMA-30YR(FNMA)G1D
SETT.09105
05.000%
AS OF 08/17/05
TO C/3. PREVIOUS SELL
FNMA-30YR(TNMA)G1D
SETT 09'05
05.000%
FNMA-30YR(TNKIA)G1D
SEROUS
05.000%
FNMA-30YR(FNMA)01D
SETT 09105
05,012.3'.
57090000 BS
AS OF 08/19/05
TO C/3. PREVIOUS SELL
FINANCIAL TRUST CO INC
STATEMENT PERIOD &Vent& 1.2005
THROUGH September 30.2005
ACCCUNT NUMBER
TAXPAYER IMMER On File
LAST STATEMENT August 31.2005
STMOOLCUSP GUMMY PRICE DEBIT AMOUNT CREPT A/A0cNT
50,000.000 98.15625 49.078.125 .00
BS
50.000.000 98.17188 49.085.937.50
BS
50.000.000 98.30078 49.150.390.63
BS
50.000.000 98.3828' 49.191.406.25
BS
50.000.000 98.49219 49.246.093.75
BS
50.000.000 98.55078 49.275.390.63
027 100105:11:50 001 VEISC
CLEARED THROUGH ITS
?RIMY (AM,ED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE ¶RANSAcnom
09/14105 08/03105 SOLD
09114(05 08:31105 CANCEL BUY
09/14105 08111105 SOLD
09,14/05 0811.05 CANCEL BUY
09/14105 08117105 SOLD
09/14105 08117105 CANCEL BUY
DESCRIPTION
FNMA-30YR(FNMAJEITD
SETT.09105
FNMA-30YR(FNMA)01D
SETT.09105
.1111.05.000%
AS OF 08/31/05
TO CAL PREVIOUS BUY
FNMA-30YR(FNMA)G1D
SETT.09105
05.000%
FNMA-33YR(FNMA)G1D
SETT.09105
~ 05.000%
AS OF 08 11105
TO C)3. PREVIOUS BUY
FNMA-33YR(FNMA)G1D
SETT.09105
imam 05.000%
FNMA-30YR(FNMA)01D
SETT 09105
05.000%
57170000 BS
AS OF 0817105 TO C)3. PREVIOUS BUY
I
FINANCa TRUST CO INC
STATEMENT PERIOD &VETO& 1.2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER AELAA3ER On File
LAST STATEMENT August 31.2005
SYMBOL:CUSP CIVANTITY PRICE DEBIT AMOUNT atm PAWN
BS
-10.000.000
-10.000.000
98.20313
99.09375
9.820212.50
9.909.375.00
BS
-50.000.000 98.15625 49.078.125 90
BS
-50.000.000 98.17188 49.085.937 .50
BS
-50.000.000 98.30078 49.159390 .63
BS
-50.000.000 98.38281 49.191.406 .25
027 M0105:11:50 001 V896
CLEARED THROuGH ITS
WHOLLY omeo SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
8 c/ lb
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION
09/14105 08/19/05 CANCEL BUY
09/1445 0811945 SOLD
09/14105 08/03/05 CANCEL SELL
09/14105 09/07105 BOUGHT
09/1445 09/01105 BOUGHT
09/14105 08/03105 CANCEL SELL
DESORPTION
FNMA-30YR(FNMAJOID
SETT.09105
05.000%
7060000 BS
AS OF 08/19/05
TO CXL PREVIOUS BUY
FNMASDYNFNMNGID
SETT.09/05
000005.000 1::
57090000 BS
FNMA-30Y114FNMAAID
SETTS/9035
05.500%
7170000 BS
AS OF 0&03.D5
TO CM. PREVIOUS SELL
FNMA-30Y114FNMA)GID
SETT 09/,05
05.500%
57140000 BS
FNMA-30YR(FNMA)GID
SETT.09'65
57020000 es
FNMA-30YREFNMAJOID
SETT 09//05
05.500:
7190000 BS
AS OF 08/03105
TO CXL PREVIOUS SELL
FINANCIAL TRUST CO INC
STATEMENT PERIOD September 1.2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER IMMER On File
LAST STATEMENT August 31.2005
STME/OUCUSP amain ProcE DEBIT AMOUNT CREDIT AMOUNT
-50.000.000 98.49219 49.246.093 ,75
-50.000.000 98.55078 49.275.390 ,63
1.000.000 100.28516 1.002.851.56
50.000.000 100.75781 50.378.906.25
50.000.000 10107188 50.585.937.50
99.000.000 100.26563 99.262.968.75
027 1001,05:11:50 001 •.ESC
CLEARED THROuGH ITS
yrtiOLLY EMIED SUBSIOally
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION
09/14105 08/0345 SOLD
0911 4/05 09/07105 CANCEL BUY
09/14105 09/01105 CANCEL BUY
0914/05 08/03(05 SOLD
09/4/05 08115(05 BOUGHT
09/14/05 08123(05 BOUGHT
OESCRPTION
FNMA-30YR(FNMAJOTD
iiiis0SEIT.09//05 5.500%
FNMA-30YR(FNMAJEVID
SETT.09//05
11.0 105.500%
AS OF 09/07/05
TO C)3. PREVIOUS BUY
FNMA-30YR(FNMA)01D
SETT.09//05
05.500%
AS OF 09/01105
TO C/3. PREVIOUS BUY
FNMA-90YR(FNMA)GTD
SETT 09605
05.500%
FNMA-30YR(FNMAXITD
SETT.09.105
100 506.000%
FNMA-30YR(FNMA)010
SETT 09/05
06,000%
7020000 BS
I
FINANCa TRUST CO INC
STATEMENT PERIOD September 1.2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER MAGER On File
LAST STATEMENT August 31.200S
SYMBOL:CUSP OVAMITY Pea DEBIT AMOUNT CREPT MAOUNT
BS
-1.000.000
-50.000.000
100.28516
100.75781
1.002.851.56
50.378.906 .25
BS
-50.000.000 101.17188 50.585.937.50
BS
-99.000.000 100.26563 99.262.968 .75
BS
50.000.000 10%96090 50.980.468.75
BS
SIM 50.000.000 102.04688 51.023.437.50
027 100105:11:50 001 11896
CLEARED THROuGH ITS
WHOLLY omeo SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
10 a at.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION
09/14105 08/16/05 CANCEL SELL
09114/05 08123405 CANCEL SELL
09/14405 08:15405 CANCEL BUY
09.414105 0823405 CANCEL BUY
09/14105 08116405 SOLD
09.414105 08123405 SOLD
DESCRIPTION
FNMA-30YR(FNMA)OID
SETT.09105
06.000%
AS OF 08/16/05
TO C)3. PREVIOUS SELL
FNMA-30YR(FNMA)G7D
SETT.091)5
100000 1506.000 ,,
AS OF 08423405
TO Cd. PREVIOUS SELL
FNMA-30YR(FNMA)G1D
SETT.09405
1.101 506.000,4
AS OF 08/16405
TO C)3. PREVIOUS BUY
FNMA-30YR(FNMAOSID
SETT.09/05
06.000%
AS OF 08/23105
TO C)3. PREVIOUS BUY
FNMA-30YR(FNMA)GID
SETT.09/05
01. 003506.000% 7090000
FNMA-30YR(FNMA)G1D
SETT.09405
06.000%
57140000 BS
FINANCIAL TRUST CO INC
STATEMENT PERIOD &Vent& 1.2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER IMMER On File
LAST STATEMENT August 31.2005
STIABOLCUSP CVANTITY lava DEBIT AMOUNT CFEOIA/lOcter
50.000.000 102.08594 51.042.968.75
BS
50.000.000 102.09375 61.046.876.00
BS
-50.000.000 101.96094 50.980,468 .75
BS
-50.000.000 102.04688 51.023 437 .50
BS
-50.000.000 102.08594 51.042.968;75
BS
-50.000.000 102.09375 61.046.875 .043
027 1001005:11:50 001 VEISC
CLEARED IHRCUGH ITS
wilDtLY 01\,E0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACT/3N 0E5CertiON SYMEPOLCUS, DAVIT" PRICE COW AMOUNT cnEccr saute
09/16/05 09/15/05 SOLD UNITED STATES TREASURY NOTE -20.000.000 100.60938 20,121,875.00
04.250% FA 15
MATURITY
ACCR, INT, 73,913,04
GVER REF # G2583645 Al
09,16/05 09/15405 SOLD UNITED STATES TREASURY NOTE EMI -20.000.000 100.60938 20,121,875.00
ff
04.250% FA 15
MATURITY
ACCR. INT, 73,913,04
GVER REF # G2583646 Al
091 6/05 09/15+05 BOUGHT UNITED STATES TREASURY NOTE 10.000.000 100.26563 10.026.662.50
04.000% FA 28
MATURITY
ACM INT, 17,679.56
GVER REF # 62583659 BI
09/1605 09115105 BOUGHT UNITED STATES TREASURY NOTE 50.000.000 100.26563 50.132.812,50
04.000% FA 28 ACM INT. 88,397.79
0 MATURITY
GVER REF N G2583659 Al
091 6/05 JOURNAL FEDL HOME LOAN MTG CORP#S10109 -1
SERIES 227 CLASS 10
5.000 DUE 12/01/34
09/19105 09/14105 SOLD GOVERNMENT NATIONAL PATO ASSOC -14.505.776 5.34375 77e152,43
SERIES 2004-041 CLASS SE ACCR. INT, 41,956,91
101057200000 BS
09/19105 09/16/05 BOUGHT UNITED STATES TREASURY NOTE 20,000.000 99.89063 19.978.125.00
04.250% FA 15
MATURITY
ACCR, INT, 80.842.39
GVER REF # 02594476 Al
/. S1PBms $PCmiI e; EAR
FINANCIAL TRUST CO INC
STATEMENT PERIOD September 1,2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER IMMER On File
LAST STATEMENT August 31.2005
027 TOOT 0511:50 001 V896
CLEARED THROuGH ITS
WHOLLY ow‘co SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
12 O 0.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION
09/20,05 09/16105 SOW
09,20.435 09,11545 SOLD
09120105 09/15105 SOW
0912045 09/15105 SOLD
09,2045 0916105 SOLD
09,20:05 0911545 SOLD
09,20:05 0911545 SOLD
DESORPTION
FEDERAL NATIONAL MTG ASSN
SERIES 329 CLASS PO
STRIP
i llini ii57320000 BS
SY1A301XLISP PIECE
FINANCIAL TRUST CO INC
STATEMENT PERIOD SEDIETtet 1.2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER IMMER On File
LAST STATEMENT August 31.2005
DEIST AMOUNT mac AnouNr
FANNIE MAE CMOSERIES 2003-13
S RCR-NO FLTR
111.1104.3"
7240000 BS
FEDERAL NATIONAL MTG ASSN
SERIES 2003-49 CLASS SW
110.03.3"
7230000 BS
FANNIE MAE CMCvSERIES 2003-52
KS-L0 FUR
03.458%
7280000 BS
EDERAL NATIONAL MTG ASSN
EWES 346 CLASS 1
7390000 BS
GOVERNMENT NATIONAL MTG ASSN
SERIES 2004-5 CLASS PS
: ""967250000 BS
GOVERNMENT NATIONAL MTG ASSN
SERIES 2004-30 CLASS SU
1. 105 03.590%7260000 BS
TO AIN PREVIOUS MONTHS FACTOR
AS OF 09,1545
-18,252,042
-23.543,127
79.89063
9,87500
14,561,670.75
2,324.88379
ACCR. INT. 71.262.10
-11.861.918 6,96875 826.627,47
ACCR. INT. 27$67.10
-16.565.865 6,96875 1.154.433.75
ACCR, INT. 39.789.14
MIS -19.328.957 79.76563 15.417.863 .44
-44.000.000 11.15625 4.908.750.00
-23.661.075 6,03125 1.421.027.35
027 1001005:11:50 001 .896
CLEARED THROUGH ITS
YAICU.Y OWNED SUBSIDIARY
BOIR
STffiRNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
=MD R
DATE
TRADE
DATE TRANSACTK•N
09120(05 09/15(05 SOW
09120(05 09,1 6(05 SOLD
09120(05 09,1 6(05 SOLD
09120(05 09,1 6(05 SOLD
0912045 09,9 5(05 SOLD
0920(05 09115(05 SOW
09120(05 09116(05 SOLD
DESORPTION
GOVERNMENT 144TØ MTG ASSN
SERIES 2004-035 CLASS SP
11.11117 "7270000 BS
TO ADJ PREVIOUS MONTHS FACTCR
AS OF 09/15(05
FEDERAL 144T1ONAL MTG ASSN
SERIES 352 CLASS 1
IIM0 500.001%
7380000 BS
FEDERAL 144TØ MIG ASSN
SERIES 353 CLASS 2
05.000%
7350000 BS
ACCRUES ON 1ST. PAYS ON 25TH
FEDL HOME LOAN MIG CORP#S10109
SERIES 227 CLASS 10
05000%
7360000 BS
FREDDIE MAC CMGSERIES 2886
SC-VO RIR
03531%
7290000 BS
AL1ERNA1ivE LOAN TRUST
SERIES 2004-3008 CLASS 1-A-8
01458%
7300000 BS
FEDL HOME LOAN MIO CORPeSt0i10
SERIES 228 CLASS 10
06000%
7370000 BS
ACCRUES ON 1ST. PAYS ON 25TH
FINANCIAL TRUST CO INC
STATEMENT PERIOD September 1.2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER AMMER On File
LAST STATEMENT August 31.2005
SIME10..CLISP Gummy PRTCE DEW AMOUNT CREW ~UHT
-14,296,550 4,53125 647,812.46
SIM -25.900.765 79,29688 20.538.497 86
MINK -8.757.972 22.67188 1.985.596.53
ACCR. INT. 23.111,32
-27.588.703 23.04688 6.358.334.08
ACCR, INT, 72.803,52
-8.074.610 7,28125 587.932.59
ACCR, INT, 3.960,82
-35.363.806 1,45313 513.880.31
ACCR, INT, 35.823 p5
-16271.372 20.07813 3.266.986.53
ACCR, INT, 51.526,01
027 MOLDS:11:SO 001 V89G
CLEARED THROWN ITS
WHOLLY omeo SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
14 o
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION DESCRIPTION SYUDOLCUSP OJANTITY PRICE DEBIT AMOUNT CFEDIA/lOcter
09/20105 PRINCIPAL GOVERNMENT NATIONAL MTO ASSN -172,307
SERIES 2004-035 CLASS SF'
3,590 DUE 12/20/29
PRINCIPAL REDUCTN 09-20-05
09/21+05 091l5.'05 CANCEL SELL GOVERNMENT NATIONAL MTG ASSN
imusSERIES 2004-5 CLA03SS.16Pot
7250000 BS
11.111 44,000.000 11.15625 4.908.750.00
AS OF TD 09/15/05 SO 09/204135
TO CXL PREVIOUS SELL
09/21105 09(15105 SOLD GOVERNMENT NATIONAL MTG ASSN -44.0110,000 11,15625 4.908.750.00
4 imilosSERIES 2604-5 LASS PS
7250000 BS
AS OF TD 09/15105 SD 09/20/05
AS OF 09/1905
09,21/05 0911 5+05 CANCEL SELL GOVERNMENT NATIONAL MTG ASSN 23.561.075 6,03125 1.421.027.35
SERIES 2004-30 CLASS SU
03410%
7260000 BS
AS OF TD 09/15105 SD 09/20/05
TO C/3. PREVIOUS SELL
09,21105 09/I 905 SOLD GOVERNMENT NATIONAL MTG ASSN -23.561.075 6,03125 1.421.027.35
SERIES 2004-30 CLASS SU
03,410%
7260000 BS
AS OF TD 09/15/05 SO 09/204135
AS OF 09/15/05
0921105 0915105 CANCEL SELL GOVERNMENT NATIONAL MTG ASSN SIM 14,296.650 4,53125 6,12.812;16
SERIES 2004-035 CLASS SP
FINANCIAL TRUST CO INC
STATEMENT PERIOD September 1.2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT August 31.2005
03,410%
7270000 BS
AS OF TD 09/151135 SD 09/20/05
TO CM. PREVIOUS SELL
027 1001005:11:SO 001
CLEARED THROuGH ITS
WHOLLY onneo SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
15 CI r.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION marine 20.100.005 P ouninw PRICE DEBIT AMOUNT CM= maJtAir
09/21105
09121/05
09/26+05
09/264)5
09/15/05 SOLD
JOURNAL
JOURNAL
JOURNAL
JOURNAL
JOURNAL
PRINCIPAL
PRINCIPAL
GOVERNMENT NATIONAL MTG ASSN
SERIES 2004-035 CLASS SP
03,410%
7270000 BS
AS OF TD 09/15105 SD 09/20/05
AS OF 09/15105
FEDERAL NATIONAL MTG ASSN
SERIES 2003-49 CLASS SW
3,358 DUE 01/25/33
FANNIE MAE CMCUSERIES 2003-52
KS-110 RJR
3,458 DUE 07/25117
FEDERAL NATIONAL WO ASSN
SERIES 352 CLASS 1
0,001 DUE 07/01/34
FEDL HOME LOAN MI6 CORN/610'09
SERIES 227 CLASS 10
5,000 DUE 12/01/34
GOVERNMENT NATIONAL MTG ASSN
SERIES 2004-035 CLASS SP
3,410 DUE 12/20129
ADJUST POSffION
FEDERAL NATIONAL MTG ASSN
SERIES 329 CLASS PO
DUE 01101/33
STRIP
PAIN FUD 08-05 PAD 09-25-05
REPO P 8I 0,0000
FEDERAL NATIONAL MTG ASSN
SERIES 346 CLASS 1
WE 11/01/33
PAIN FUD 08-05 PAD 09-25-05
REPO P 8I 0,0000
MIN
-14,296,550
.1
-2
4,53125 647,812,46
457.764 AO
682.254.70
FINANCIAL TRUST CO INC
STATEMENT PERIOD September 1.2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER IMJUSER C'n File
LAST STATEMENT Au9Jst 31.2005
027 1:S0 OBI v896
CLEARED THROUGH ITS
wilDtLY CAM,E0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT TRADE
DATE DATE wesAcnoN
09/26/05 PRINCIPAL
DESORPTION
FEDERAL NATIONAL MTG ASSN
SERIES 352 CLASS 1
O.001 DUE 07/01/30
PAIN RID 08-05 P,D 09-25-05
REPO P 8I 0.0000
09126005 PRINCIPAL FEDERAL NATIONAL MTG ASSN
SERIES 352 CLASS 1
O.001 DUE 07/01/30
PRIN RID 08-05 PAI 09-25-05
REPO P 8I 0.0000
09,27+05 09/15+05 CANCEL SELL GOVERNMENT NATIONAL MTG ASSN
SERIES 2004-30 CLASS SU
03.403%
7260000 BS
AS OF TD 09/15/05 SD 09/20/05
TO C/Pl. PREVIOUS SELL
09,27105 09/15/05 SOLD GOVERNMENT NATIONAL MTG ASSN
SERIES 2004-30 CLASS SU
1.1.03.403%
7260000 BS
AS OF TD 09/15/75 SD 09/20405
TO ADJ PREVIOUS MONTHS FACTOR
STMEIOLCUS,
I
FINANCIAL TRUST CO INC
STATEMENT PERIOD September 1.2005
THROUGH September 30.2005
ACCOUNT! NUMBER
TAXPAYER PAGER On Fa
LAST STATEMENT August 31.2006
°AWRY PACE DEBIT AMOUNT CREW AAIDUNI
209,767.60
482,465,48
23.561.075 6.03125 1.421.027.35
-23,561.075 6.03125 1.421.027 .37
TOTAL 3452.032.222.57 $881,454.219.11
INTEREST
DATE DESCRPTION
00'01105 AVEI EIAL 424.880 TIT 2.601
021 OFFICE INTEREST 0805
SYTTECIJCUSIP OUPARRY RATE D4/ MINT MOM CREDIT AMOUNT
951.82
09/15105 FEDL HOME LOAN WIG COAP/S10109
SERES 227 CLASS 10
DUE 12/01/2034 5.000
INTEREST PAYMENT 09-15.05
5.0000 1.942.56
027 1001,05:11:60 001 V896
CLEARED IHRCUGH ITS
wisCtLY O1\,EO SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
INTEREST (continued)
I
FINANCIAL TRUST CO INC
STATEMENT PERIOD September 1.2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER MAIA3ER On File
LAST STATEMENT Aufm81 31.2005
DATE DESCFOPTION STME/CliDIZIP QUANTITY RATE I% DEBIT AMOUNT CREDIT AMOUNT
09/15/05 FEDL HOME LOAN MTG CCAPHS1OiO9 5.0000 36.908.38
SERES 227 CLASS 10
DUE 12/01/2034 5.000
INT R/D 08-05 ND 09-15-05
REPO P &I 5.0000
09115405 FEDL HOME LOAN MTG COAPPS10i09 MIK 5.0000 77.701.85
SERES 227 CLASS 10
DUE 12/01/2034 5.000
INT RID 08-05 PiD 09-15-05
REPO P &I 5.0000
09./15+05 FREDDIE MAC CMOSF.FUES 2886 UM. 3.5310 25432.52
SC-I/O RTR
DUE 07/15/2019 3,531
INT R/D 08-05 PiD 09-15-05
REPO P S I 3,7287
0911905 FEDL HOME LOAN WIG CORP/410110 6.0000 84.306.97
SERES 228 CLASS 10
DUE 02/01/2035 6,000
INT RID 08-05 PiD 09-15-05
REPO P &I 6,0000
0912045 GOVERNMENT FATIONAL MTG ASSN OMNI 3.3400 48.995,76
SERES 2004-5 CLASS PS
DUE 02/20/2033 3,340
INT R/D 08-05 PAD 09-20-05
REPO P S I 3,3406
0972045 GOVERNMENT ANTIONAL MTO ASSN 3.3400 73.49344
SERES 2004-5 CLASS PS
DUE 02120/2033 3,340
INT R/D 08-05 PAD 09-20-05
REPO P S I 3,3406
0920••05 GOVERNMENT MOCHA/ PATO ASSN 3.5900 71 399.08
SERES 2004.30 CLASS SIJ
DUE 02/20/2032 3,590
INT R/D 08-05 Pin 09-20-05
REPO P S I 3,5906
027 TOOT 0511:50 001 Y896
CLEARED THROUGH ITS
MIPS? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
INTEREST (continued)
FINANCIAL TRUST CO INC
STATEMENT PERIOD September 1,2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER AILMA3ER Co File
LAST STATEMENT August 31. 2005
DATE DESORPTION STMEICIJCV5IP WANIITY RATE I%) DEBIT AMOUNT CREDIT AMOUNT
09/20/05 GOVERNMENT NATIONAL MTO ASSN 3.5903 71.399.08
SERIES 200040 CLASS SU
DUE 02/20/2032 3.590
INT RID 08-05 Ki 09-20-05
REPO P & I 3.5906
0972045 GOVERNMENT NATIONAL MTG ASSN 3.5980 43,293;18
SERIES 2004-035 CLASS SP
DUE 12/20/2029 3.590
INTEREST PAYMENT 09-20.05
0912645 GOVERNMENT NATIONAL MTG ASSN 3.4030 71 399,08
SERES 200040 CLASS SU
DUE 02/20/2032 3.403
REV INT FOR 9/20/2005 PD
BAD POSITION
0912645 FEDERAL NATIONAL MTO ASSN 5.0000 37 094.87
SERES 353 CLASS 2
DUE 07/01/2034 5400
INT RID 08-05 Ki 09-25-05
REPO P & I 5.0000
09/30/05 GOVERNMENT NATIONAL MTG ASSOC 43.403.95
SEEMS 2000-041 CLASS SE
DUE 05/20/2030 0.000
FITM CR INT FOR 9404005 P
D
TOTAL S-71.399.08 5616.523.95
REPURCHASE AND REVERSE REPURCHASETRANSACTIONS
with Bear,Stearns& Co. Inc.
SETTLEMENT TRACE
DATE DATE TRMSACIION DESCRFMON SvMBOLCusJp 0.:NYTIT, COIT AMOUNT
09/01105 JOURNAL FEDERAL NATIONAL MTO ASSN 8.058,484 5,923,000.00
SERIES 352 CLASS 1
0.001 DUE 07/01/34
FITM F2133186 AZ
TERM REPO AGREEMENT
CREDIT AMOUNT
027 IGOIDS:II:SO 001
CLEARED THROUGH ITS
YilICtLY OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
19 c? :tt.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRANSACTION DESCRPRON SYMEMOCUSIP QUANTITY OMIT AMOUNT CREDIT AMOUNT
09/01/05 JOURNAL FEDERAL NATIONAL MTG ASSN -8.058.484 5.958.000 .00
SERIES 352 CLASS 1
0,001
FITM At
REPO
09/01105 JOURNAL FEDERAL NATIONAL MTG ASSN 8.058.484 5.958.000 .00
SERIES 352 CLASS 1
0,001
FITM WA2
REPO A
09/01/05 JOURNAL FEDERAL NATIONAL 1,110 ASSN -8.058484 8958.000 .00
SERIES 352 CLASS 1
0,001O
FITM r A3
REPO A
09/01105 JOURNAL FEDERAL NATIONAL KITG ASSN IMF -8.902.768 500 000.00
SERIES 353 CLASS 2
5.000
FITM B3
REPO A
09/01105 JOURNAL FEDERAL NATIONAL MTG ASSN 4.902.768 1.677.000.00
SERIES 353 CLASS 2
5,000
FITT., W31
REPO A
09:0185 JOURNAL FEDERAL NATIONAL WO ASSN 8.902,768 1.677.000.00
SERIES 353 CLASS 2
5,000 FONT B2 REPO
0901x05 JOURNAL FEDERAL NATIONAL MTG ASSN 8.902,768 1.850.000.00
SERIES 353 CLASS 2
5,000 DUE 07/01/34
FITM F2133186 BZ
TERM REPO AGREEMENT
FINANCIAL TRUST CO INC
STATEMENT PERIOD September 1.2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER NUMBER C'n File
LAST STATEMENT August 31.2005
027 1001,05:11:50 001
CLEARED THROUGH ITS
wisCtLY CAM,E0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
=Pm 20
Transaction Detail (continued)
REPURCHASE AND REVERSE REPURCHASETRANSACTIONS (continued)
SCITLELENT TRADE
DATE DATE TRANSACTION DESCRPTION
09/01/05 JOURNAL FEDL HOME LOAN MTG OORP#S10109
SERIES 227 CLASS 10
5,000
F1TM 30.2
TERM MENT
09/01105 JOURNAL FEDL HOME LOAN MTG CCePt/ST 0i09
SERIES 227 CLASS 0
5,000
F1TM WI REPO A
09/01105 JOURNAL UNITED STATES TREASURY NOTE
FILMpr. Az 4,250 15
TERM REPO AGREEMENT
09/01105 JOURNAL UNITED TATES TREASURY NOTE
FILM Al
4,250 15
REPO AGREEMENT
09/01105 RECEIVED UNITED STATES TREASURY NOTE
DUE 08131/2007 4.000
4,000 W
FITM Al
RESALE
0901,05 DELIVERED OWED STATES TREASURY NOTE
DUE 08131/2007 4,000
4,000Rialt7 Em
FILM AZ
TERM ENT
0901.05 INTEREST FEDERAL NATIONAL MTO ASSN
SERIES 352 CLASS
DUE 07/01/2034 0.001
FILM F2133186 AZ
REPO INTEREST
09.01/05 INTEREST FEDERAL NATIONAL MTO ASSN
SERIES 353 CLASS 2
DUE 07/01/2034 5.000
FILM F2133186 BZ
REPO INTEREST
FINANCIAL TRUST CO INC
STATEMENT PERIOD September 1.2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER WEISER On File
LAST STATEMENT August 31.2005
SYLIBeucesty OWATTITY DEBIT AMOUNT CREDIT AMOUNT
8.858,010 500.000.00
-8.858.010 1.706.000.00
20.000.000 20.225.000.00
20.000.000 20.350.000.00
50.000.000 50.312.500 .00
-68.000.000 68.255.000 ,00
19.024,35
5.942.10
027 TOOT 0511:50 001 V896
CLEARED THROUGH ITS
YRICtLY OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEmENT
DATE
TRADE
DATE TRANSACTION DESORPTION SYMEMCUSIP QUANTITY DEBIT AMOUNT CREDIT AMOUNT
09101105 INTEREST FEDL NOME LOAN MTO CORPaS10109 1,605.97
SERIES 227 CLASS 10
DUE 11.0. 5.000
FITM AZ
REPO I
09/01/05 INTEREST UNITED STATES TREASURY NOTE 1.797.78
DUE lib 4.250
FITM AZ
REPO I
09/01105 INTEREST UNITED STATES TREASURY NOTE IMF 6.294.63
DUE 08W 4.000
FITM
RESALE
09102105 JOURNAL UNITED SURY NOTE 20.000.000 20.350.000 .00
FITM A2
4.250 15
TERM REPO AGREEMENT
0902/05 JOURNAL SURY NOTE -25.000.000 25.468.750.00 Al
FITM Al
4.250 IS
REPO  AGfiEEMENi
09032105 RECEIVED UNITED STATES TREASURY NOTE 30.000.000 30.225.000 .00
DUE 08t3 I 2037 000
4.000 in
FITM Al
RESALE
0902105 DELIVERED UNITED STATES TREASURY NOTE -50.000.000 50.312.500 .00
DUE 08131/2007 000
4.000 7
FITM A2
TERM ENT
00/02/05 INTEREST UNITED STATES TREASURY NOTE 1.825.85
FINANCIAL TRUST CO INC
STATEMENT PERIOD &VETO& 1.2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT August 3 t . 2005
DUE 081 4250
ATM A2
REPO I
027 05:11:50 001
CLEARED THROUGH ITS
WNW.? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
22 c1 7i.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SEnlimee
DATE
MADE
DATE TIWISACION
INTEREST
DESERTION
UNITED STATES TREASURY NOTE
DUE Oil. 1.000
0906105 JOURNAL FEDERAL NATIONAL MTO ASSN
SERIES 346 CLASS 1
DUE IV
ATM C2
TERM ENT
0906105 JOURNAL FEDERAL NATIONAL MTO ASSN
SERIES 346 CLASS 1
DUE 11Ailli r
ATM At
REPO
0906105 INTEREST FEDERAL NATIONAL MTO ASSN
SERIES 346 CLASS I
DUE I II. 0.000
ATM C2
REPO I
09/07105 DELIVERED UNITED STATES TREASURY NOTE
DUE 08/312037 4.000
4.000F..7
FITM A2
TERM EMENT
09107/05 RECEIVED UNITED STATES TREASURY NOTE
DUE 08131/2007 4.000
4.000 ENS
FITM Al
RESALE
09107/05 INTEREST UNITED STATES TREASURY NOTE
DUE oats  try))
SYM0ClCUse, OVAARITY DEBIT AMOUNT
FINANCIAL TRUST CO INC
STATEMENT PEROO &Ventre' 1.2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER NUMBER C'n File
LAST STATEMENT August 31.2005
CREDIT AMOUNT
4.500.17
19,911211 14.274.000 .00
-19.911.211 14.856.000 .00
37,370.12
-30.000.000 30.225.000 .00
40.000.000 40.300.000 .00
13.500.50
09.08/05 JOURNAL F AS NOTE
FILM Al
4.250 15
REPO AGREEMENT
-20.000.000 20.175.000 .00
027 MOLDS:II:SO 001
CLEARED THROUGH ITS
MIPS? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRANSACTION DESORPTION SATE/COAL/SIP OUAMITY 003IT *Mum CREDIT AMOUNT
090845 JOURNAL IMMO STATES TREASURY NOTE 25.000.000 25,468,750 .00
FITM p l . A2
4,250 15
TERM REPO AGREEMENT
09108105 INTEREST UMTEO STATES TREASURY NOTE 12.076.43
DUE 110 4.250
F1114 A2
REPO I
09/12/05 JOURNAL FEDERAL NATIONAL MTO ASSN -18.252.042 13.360.000.00
SERIES 329 CLASS PO
DUE 01101/33
STRIP
FITTA Cl
REPO At
09/12/05 JOURNAL FEDERAL NATIONAL MTO ASSN MIS 18.252.042 13.401.000 AO
SERIES 329 CLASS PO
DUE 01101/33
STRIP
FITM RIFIC2
TERM ENT
09/12/05 JOURNAL FANNIE A.44E CMOSERIES 2003.13 23,543.127
S RCR-I/0 FLTR
4.358
FITM
TERM ENT
09/12/05 JOURNAL FANNIE MAE CAAOSERIES 2003.13 NMI -23,543.127 1,775,000.00
S RCR-I/0 FLTR
4FIT14.358 AI
REPO A
09/12/05 JOURNAL FEDERAL NATIONAL WC ASSN -19,328.957 14.132.000.00
SERIES 346 CLASS 1
FITM Al
DUE 11101.
REPO A
FINANCIAL TRUST CO INC
STATEMENT PERIOD September 1.2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER WEISER On File
LAST STATEMENT August 31.2005
027 100105:11:50 001 ?SSC
CLEARED THROUGH ITS
WHOLLY OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMETO TRADE
DATE DATE TRANSACTION DESORPTION SYMEMICUSIP QUANTITY DEBIT AMOUNT CREDIT AMOUNT
09/12105 JOURNAL FEDERAL NATIONAL MIR ASSN 19,328.957 14.856.000.00
SERIES 346 CLASS 1
ATM AZ
DUE 1 TRIOS
TERM MEAT
09/12105 JOURNAL FEDL HOME LOAN WC OCAPeS10109 -18,392.469 3.667.000.00
SERIES 227 CLASS
"00
FITM Al
REPO A
09/12/05 JOURNAL FEDL NOME WAN MTG CORPeS10109 MIS 18,392.469 3,938.000.00
SERIES 227 CLASS 10
F51114.000 BZ
TERM Fielln iellerMENT
09/12105 JOURNAL FEDL NOME LOAN WC CCAPtiStOt 10 NEM -16,271.372 2.777.000.00
SERIES 228 CLASS 10
6.000
FITM 81
REPO A
09/12/05 JOURNAL FEDL NOME LOAN MTG OORPOSIO1m 16,271.372 3,124,000.00
SERIES 228 CLASS 10
6.0001.5
FITM AZ
TERM MEAT
09/12/05 INTEREST FEDERAL NATIONAL MM ASSN 43,504,86
SERIES 329 CLASS PO
STRIP
DUE 01  0.000
FITM DZ
REPO I
09/12,05 INTEREST FEDERAL NATIONAL MM ASSN MIN 9.334.52
SERIES 346 CLASS 1
FINANCIAL TRUST CO INC
STATEMENT PERIOD September 1.2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT August 31.2005
DUE 11j. 0.000
ATM AZ
REPO I
027 IGOIDS:l I:SO 001
CLEARED THROUGH ITS
MIPS? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT
DATE
TM&
DATE TRANSACTION DESORPTION STMBEISCUSIP QUANTITY DEBIT AMOUNT CREDIT AMOUNT
09/12:05 INTEREST FEDL NOME LOAN MTG CORPAS10109 12.784.28
SERIES 227 CLASS 10
DUE 1 5,000
RANT BZ
y ea
REPO I
09/12105 INTEREST FEDL N0ME LOAN MTG CORPASIOA 10 10.141.72
SERIES 228 CLASS 10
DUE Oil. 6.000
RANT AZ
REPO I
09/13,95 JOURNAL FREDOIE MAC CMOSERIES 2886 8.249,152
SC-I/O FUR
3.728301 I 19
FIRA A2
TERM AAENT
09113:05 JOURNAL FREDDIE MAC CMGSERIES 2886 -8.249.152 444,030,00
SC-I/0 FLTR
3.728 19
FIRM Al
REPO A
09/13:05 DELIVERED UNITED STATES TREASURY NOTE -40.000.000 40.300.000 ,00
DUE 08131/2007 4.000
4.0001101 w
RANT
TERM
A2
EMENT
0911345 RECEIVED OWED STATES TREASURY NOTE 60.000.000 60.375.000 ,00
DUE 08131/2007 4.000
4.000 .K 7
RANT
RESALE
A
T
0911345 INTEREST UNTIED STATES TREASURY NOTE 21.258.25
DUE 0111 .1400
FINANCIAL TRUST CO INC
STATEMENT PERIOD &VETO& 1,2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER WEISER On File
LAST STATEMENT August 31. 2005
027 IGOI 05:11:SO 001 V896
CLEARED THROUGH ITS
MIPS? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
26 cl A.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRANSACRON DESCRPRON SYME/CLCUSIP OVANillY DEBIT AMOUNT
09/14105 JOURNAL FANNIE MAE GAO/SERIES 2033-52 9.276,884 458,000.00
KS-I/0 FUR
3,458 17
FITM AZ
TERM ENT
09/14105 JOURNAL FANNIE MAE CAtiOSERIES 2003-52
KS-I/O FUR
3,458 17
FITM Al
REPO A
09114.,05 INTEREST FANNIE MAE CMOSERIES 2003-52
KS-I/0 FUR
DUE cairo. 3.458
FITM AZ
REPO I
09/15 05 JOURNAL FANNIE MAE CMOSERIES 2003-52
KS-I/0 FLTR
3,458 17
FITM AZ
TERM ENT
09/1505 INTEREST FANNIE MAE CAtiOSERIES 2003-52
KS-I/0 FUR
DUE 07/11. 3.458
FITM AZ
REPO I
09/16/05 JOURNAL FANNIE MAE CAtiOSERIES 2003-52
KS-I/0 FLTR
3,458 17
FIN Al
REPO A
09/16.05 JOURNAL FANNIE MAE 2MOSERIES 2003-52
KS-I/O FUR
3,458 17
FITM Al
REPO A
FINANCAL TRUST CO INC
STATEMENT PERO(' September 1.2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER WEISER C'n File
LAST STATEMENT August 31.2005
CREDIT AMOUNT
-9.276.884 478,000.00
1.442.70
7.288.980 384.000.00
1.249.92
-9.276.884
-7.288.980 373,000.00
027 1001,05:11:50 001
CLEARED 114ROuGH ITS
wisCtLY CAM,E0 SUEISIOally
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
=Pm 27
Transaction Detail (continued)
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)
SERLEMENT TRADE
DATE DATE TIWISACRON DESCRPRON STMOCCCUSIP CVANT11Y OMIT AMOUNT CREDIT AMOUNT
09/16105
09/16105
09./I6/05
09/16x05
09/16/05
09/16105
09/16105
JOURNAL
JOURNAL
JOURNAL
RECEIVED
JOURNAL
DELIVERED
INTEREST
FANNIE MAE CMOSERIES
KS-I/0 FUR
3.458
FITM
TERM
FREOOIE MAC CMOSERIES
SC-D0 RJR
3.531p1.019
FITM
REPO
FREOOIE MAC CMOSERIES
SC-D0 RJR
3.531 /
FITM
TERM
IMMO STATES TREASURY
DUE 08115/2015
4,250 DOC
FITM
RESALE
UMTEO STATES TREASURY
4.25
TERM REPO AGREEMENT
LIMTEO STATES TREASURY
DUE 08131/2007
4.000)111C7 Em
FITM
TERM
FANNIE MAE CMOSERIES
KS-I/0 FUR
2003.52
A2
ENT
Al
A2
ENT
NOTE
Al
NOTE
1S
NOTE
4.000
A2
ENT
2003-52 NMI
9.276.884
-8.074.610
8.074.610
20.000.000
20.000.000
-60.000.000
478,000.00
444.030.03
20.175.000.00
20.175.000.00
105.43
60.375.000.00
I,Sean SPemit' GoI
FINANCa TRUST CO INC
STATEMENT PERIOD September 1.2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER WEISER On File
LAST STATEMENT August 31.2005
DUE 071  3.468
FITM A2
REPO I
027 IGOI 05:11:50 001 V896
CLEARED THROUGH ITS
wisCtLY 01\,E0 SUETSIOTAlly
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
=Pm 28
Transaction Detail (continued)
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)
FINANCIAL TRUST CO INC
STATEMENT PERIOD September 1.2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER WEISER Gn File
LAST STATEMENT August 31.2005
SETTLEMENT TRADE
DATE DATE TRANSACTOR DESCRPSON STMEICL,CVSTP MAMMY DEBIT AMOUNT CREDIT AMOUNT
09/16/05 INTEREST FREOOIE MAC CMOSERIES 2886 146.89
SC-D0 FUR
DUE OA. 3.531
FITM A2
REPO I
09/16/05 INTEREST Utile) STATES TREASURY NOTE
DUE O8! 4,250
FITM A2
REPO I
09/16/05 INTEREST UNiTE0 STATES TREASURY NOTE
DUE 08/1#1. 1.000 MEE
3.155.15
15.563,33
09/19105 JOURNAL GOVERNMENT NATIONAL MTO ASSN -23.861.866 1.079.000.00
SERIES 2004.30 CLASS SU
3.590 14.2 FITM Al
REPO A
09/19105 JOURNAL GOVERNMENT NATIONAL MTO ASSN
SERIES 2004.30 CLASS SU
3.590R11032
FITM AZ
TERM MENT
23.861.866 1.216.000 .00
09/19105 JOURNAL FEDERAL NATIONAL MTO ASSN -18.052.048 12.922.000 .00
SERIES 352 CLASS
0.001
FITM Al
REPO
09/19105 JOURNAL FEDERAL NATIONAL MTO ASSN
SERIES 352 CLASS
0.001R.I t
FITM t AZ
TERM ENT
18.052,048 13.289.000 00
09/19105 DELIVERED ANTED STATES TREASURY NOTE
DUE 08/15 2015 4250
4.2503i.5
FILM A2
TERM EMENT
-20,000,000 20.175.00000
027 TOOT 0511:50 001 V896
CLEARED THROUGH ITS
VOIDS? OAAED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
29 ci r.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
FINANCIAL TRUST CO INC
STATEMENT PERIOD September 1.2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER AXAMBER On File
LAST STATEMENT August 31.2005
SETTLEMDIT TRADE
DATE DATE TRANSACTION DESCRPTION SYME/CIAUSIP OVANTITY DEBIT AMOUNT CREDIT AMOUNT
09119/05 INTEREST GOVERN/ANT NATIONAL MM ASSN 018.19
SERIES 2004-30 CLASS SU
DUE 02:  3.590
FITM AZ
REPO I
09/19105 INTEREST FEDERAL NATIONAL MTO ASSN
SERIES 352 CLASS I
DUE 07  0.001
HIM AZ
REPO I
09/19/05 INTEREST UPSET) STATES TREASURY NOTE
DUE WOO 1.250
09/20105 JOURNAL FEDERAL NATIONAL NM ASSN
SERIES 329 CUSS PO
DUE 01101/33
STRIP
FITM RPRIPM Ce TERM NT
09/20105 JOURNAL FANNIE MAE CAOSERIES 2003-13
S RCR-1/0 FLTR
4.358
FITM
TERM ENT
0912045 JOURNAL FANNIE MAE CMOMERIES 2003-52
KS-1/0 FUR
3.458 17
FITM A2
TERM MENT
09/2045 JOURNAL FANNIE MAE CMOSERIES 2003-52
KS-ItO FLTR
3,458 I7
FITM A2
TERM MENT
45,005.41
4.573,00
18.252.042 13.360.000 ,00
23.543.127 1.775.000 ,00
9.276.884
7.288.980 373,000,00
027 T0,01,05:I I:SO 001
CLEARED THROUGH ITS
WHOLLY OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
30 ci r.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SE111.0.00 TRADE
DATE DATE TRANSACTION DESORPTION SYMEMICUSIP QUANTITY DEBIT AMOUNT CREDIT AMOUNT
09120/05 JOURNAL FEDERAL NATIONAL MFG ASSN 19,328,957 14.132.000.00
SERIES 346 CLASS 1
DUE 11R10).
FONT A2
TERM MENT
09/20+05 JOURNAL GOVERNMENT NATIONAL MM ASSN 26.400.000
SERIES 2004-5 CLASS PS
3,340
FIRM 1.12
TERM ENT
09/20,05 JOURNAL CAVEMAN,' NATIONAL MFG ASSN EMI 17,600.000
SERIES 2004-5 CLASS PS
FITMARGN A2
3,34ORDES.
TERM NT
09/20,05 JOURNAL GOVERNMENT NATIONAL MAO ASSN 23,561.075 1 079.000,00
SERIES 2004-30 CLASS SU
3,590311.32
FITM A2
TERM MENT
09/20,05 JOURNAL FEDERAL NATIONAL MFG ASSN 7.848.716 5.958.000.00
SERIES 352 CLASS 1
0,001
FIRM Jatti lil4
TERM ENT
09/20,05 JOURNAL FEDERAL NATIONAL WO ASSN 18.052,048 12.922.000 ,00
SERIES 352 CLASS 1
0,0013.141
FM A2
TERM MENT
09/20,05 JOURNAL FEDERAL NATIONAL MFG ASSN 8.757,972 500 000,00
SERIES 353 CLASS 2
Ric
FIRM
Ofilinn34 84
TERM RIMMAAENT
FINANCIAL TRUST CO INC
STATEMENT PERIOD September 1,2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER WEISER On File
LAST STATEMENT August 31.2005
027 IGOIDS:l I:SO 001 "896
CLEARED THROUGH ITS
MIPS? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE
09120/05
09/2045
09120/05
TRNISACSON DESCRPRON SYMEMICUSIP QUANTITY
JOURNAL FEDL HOME LOAN MT0 ODRPaS10109 8.736.422
JOURNAL
SERIES 227 CLASS 10
PC/IllirA 2TERM MENT
FEDL HOME LOAN MIG OCAAPPSIOT 09 18.392.469
JOURNAL
SERIES 227 CLASS 10
ITM 31. 34A2 FITM
TERM MENT
FREDOIE MAC CMOSERIES 2886 8.074.610
JOURNAL
SC-PO FUR
3.531R14.19
RIM A2
TERM AAENT
FEDL HOME LOAN MIG CCAPtiStOt 10 16,271.372
SERIES 228 CLASS 10
6.000
FITM
TERM ENT
09/2045 JOURNAL ADP CD
FITM-PR
0920/05 INTEREST FEDERAL NATIONAL MFG ASSN
SERIES 329 CLASS PO
STRIP
DUE 0110. 0.000
FITM C2
REPO I
09.2045 INTEREST FANNIE MAE CMOSERIES 2003.13
S RCR4i0 FLTR
DUE 03:100. 4.358
FITM A2
REPO I
FINANCIAL TRUST CO INC
STATEMENT PERIOD September 1.2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER MAMBER On File
LAST STATEMENT August 31.2005
DEBIT AMOUNT CREDIT AMOUNT
1.706.000 .00
3,667,000.00
2.777.000.00
ISM
16.500.000,
11,727,11
1.558.06
027 10,01,05:II:SO 001 'esse
CLEARED 1HROuGH ITS
MIPS? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRANSACTION DESCRPTION SYME/CVOUSIP OVANTITY DEBIT AMOUNT CREDIT AMOUNT
09/20105 INTEREST FANNIE ILME OMO(SERIES 20D3-52 165.78
09/20+05 INTEREST
KS4/0 FUR
DUE 07:10. 3.458
FITM A2
REPO I
FEDERAL NATIONAL IMO ASSN 12.404.76
09/20(05 INTEREST
SERIES 346 CLASS 1
DUE I 1 0.000
FR114 A2
REPO I
GOVERNMENT NATIONAL LNG ASSN 120.19
SERIES 2004-30 CLASS SU
DUE 02:11. 3.690
RUNT A2
REPO I
09120(05 INTEREST FEDERAL NATIONAL LNG ASSN MIN 1.439.37
SERIES 352 CLASS 1
DUE 0710 0.001
FR114 A2
REPO I
09120(05 INTEREST FEDERAL NATIONAL KIM ASSN NMI 12326.44
0912045 INTEREST
SERIES 352 CLASS 1
DUE 073.1 0.001
FITM A4
REPO I
FEDERAL NATIONAL KIM ASSN 1.034.44
09/2045 INTEREST
SERIES 353 CLASS 2
DUE 0:1001. 6.000
FRM 64
REPO I
FEDL 43ME LOANI.ITGOORP#S10109 3.218.81
SERIES 227 CLASS 10
FINANCIAL TRUST CO INC
STATEMENT PERO(' &VETO& 1.2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER WEISER On File
LAST STATEMENT August 31.2005
DUE 12oil l  5.000
FITM A2
REPO I
027 10,01,05:1 I:SO 001
CLEARED THROUGH ITS
MIPS? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
33 0 :tt.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION DESORPTION SYME/MCUSIP OWARITY OMIT AMOUNT CREDIT AMOUNT
09/20/05 INTEREST FEDL HOME LOAN MTO COAPaS10109 3,529.52
SERIES 227 CLASS 10
DUE Ills  5.000
ATM A2
REPO I
0920105 INTEREST FEDL HOME LOAN MTO CORPHS10110 2.437.59
SERIES 228 CLASS
DUE 02.01. 6.000
ATM 82
REPO I
09231 JOURNAL ADP CD lilt 16.500.000.00
FiTm-PR F2633219012
31/49
09/23/05 JOURNAL ADP CD NIB 16.500.0001
FITI1/44-PR F2633219013
/0131/49
09123,1 JOURNAL ADP CD 16.500.000.00
FITM-PR F2633219014
10131/49
09/23+05 JOURNAL ADP CD 17.400.000
FITM-PR F2633219015 A Ax Iola 1/49
0%232 INTEREST ADP CD 5.127.60
DUE 12/31/2049 025
09.26,1 JOURNAL ADP CD 17.400.000.00
FITM-PR F2633219016
FINANCIAL TRUST CO INC
STATEMENT PERIOD September 1.2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER MAASER Cn File
LAST STATEMENT August 31.2005
12/3 1/49
027 10,01,05:1 I:SO 001
CLEARED THROUGH ITS
WHOLLY OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
FINANCIAL TRUST CO INC
STATEMENT PERIOD &VETO& 1.2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER WEISER On File
LAST STATEMENT August 31.2005
SETTLEMENT TRADE
DATE DATE TRANSACTION DESCRPTTON STMOCCOUSIP CVANTITY DEBIT AMOUNT CREDIT AMOUNT
09/26/05 JOURNAL ADP CD 17.400.000 a
Frthil-PR F2633219017
10)31(49
09124 JOURNAL ADP CD
FrthePR F2633219018
10131(49
17.400.000.00
09/26/05 JOURNAL ADP CD
FITIO-PR F2633219019
/0/41149
19.200.000
me. INTEREST ADP CD
DUE 12(31/2049 8,625 FIULPR 3219016
5.437.50
09128(05 JOURNAL ADP CD
FITIO-PR F2633219018
1(49
19.100.000
09/282 JOURNAL ADP CD
FrthePR F263321901A
fl ax fNIF 19)31(49
09281 INTEREST ADP CD
DUE 12(31/2049 8,625
ill..3321901A
TOTAL
19.200.000.00
4.033.33
$-533.985.843.74 5504.378.538.31
027 100105:11:50 001 Y896
CLEARED THRouGH ITS
YAIOU.Y OunED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
35 o
Transaction Detail (continued)
MISCELLANEOUS
DATE
1.00AT TRANSACTEY4 DESCRIPTION DEBIT AMOUNT CREPT AMOUNT
09/01105 JOURNAL TO CMDY NC 119.924.00
09102105 JOURNAL TO CMDY NC 114.810.00
09/06+05 JOURNAL TO CMDY NC 164.532.50
0907105 JOURNAL FR CMOY NC 66.530,00
0910EPOS JOURNAL FR CMOY NC 76.804 .38
0909105 JOURNAL FR CMOs! NC 5.112.50
09/13/05 JOURNAL FR CMOY NC 116.022.50
09113/05 JOURNAL FNMA-30YR(FNMA)G O 108.593.74
SETT.09/DS
5000 DUE 09t01/36
ABS NET 09113/05
0911 3/05 JOURNAL FNMA-30YR(FNMAJOTO 699.023.44
SETT.09805
5400 DUE 09/01/3S
MBS NET 09113/05
09114/05 JOURNAL FNAAA-30YR(FNAAAJOTO 86.937.50
SETT.09/DS
6.000 DUE 09/01/35
MBS NET mums
09/16,SS JOURNAL FR CMOY NC 396.328.50
0920/05 JOURNAL 8/05 SPEC PART 2 CLR FEES 5.360.00
TOTAL S-1.212.233.68 $745.735.38
FINANCIAL TRUST CO INC
STATEMENT PERO(' September 1.2005
THROUGH September 30.2005
AccouNT NUMBER
TAXPAYER KAMER On File
LAST sTATELIENT August 31.2005
027 NM 051 1:50 001 V896
CLEARED THROUGH ITS
viiiCtl.Y 0%1T,*0 SUBSIO4Ally
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Trades Executed Pending Settlement
SETTLEMENT TRADE
DATE DATE lIANSACRON
10/13105 09/16105 BOUGHT
10/13+05 09/07/05 SOLD
DESCRIPTION 0.100...CLISP comm . emu
FNMA-30YR(FNMA)GID 50,000.000 .00 100.3203
SETT. 10/05
05.500%
57250000 BS
FNMA-30YR(FNMA)GID -50.000.000 ,00 100 .6250
SETT.10/05
05.500%
57170000 BS
FINANCIAL TRUST CO INC
STATEMENT PERIOD September 1.2005
THROUGH September 30.2005
ACCOUNT NUMBER
TAXPAYER KAMER On File
LAST STATEMENT August 31.2005
OM AMOUNT
SO, 160.156 .25
CM= AMOUNT
50.312.500 .00
TOTAL S50.160.156.25 550.312.500.00
The above non m nci applar In wt 011w socll  01 MC stalamoni.
End of Statement
027 T0,0105:11:50 001 V896
CLEARED THROUGH ITS
WICALY OMAX0 SUBSIDIARY
B
STURUR NS
OFFICE SERVICING YOUR ACCOUNT
S mear. Stearns & Co. Inc.
ACCOUNT EXECUTIVE GNMA GOVT BOND
VISIT OUR WEBSITE wenv.bearstearns.com
What's In This Statement
Financial Summary 3
Your Portfolio Holdings  4
Transaction Detail  7
Trades Not Yet Settled  33
Your Portfolio at a Glance
TOTAL VALUE OF SECURITIES THIS PERIOD 3.188.141
LONG ACCRUED INTEREST 34.115
NET CREDIT BALANCE 221.488
NET EQUITY THIS PERIOD $3,443,744
NET EOLOTY LAST STATEMENT 3,241.555
CHANGE SINCE LAST STATEMENT 202.189
There are no 'Stop Loss' orders or other pending buy
or sell open orders on file for your account.
III111111111111111 I ll
FINANCIAL TRUST CO INC
CIO JEFFREY EPSTEIN
6100 RED HOOK QUARTER
STE B3
ST THOMAS VI 00802
Market Value of Your Portfolio
5221.488 Cash Equvalent 1.$11.712
Fixed
Income
$3.188.141
$3.204.048
IIIII Current market value
au Last statements market value
FINANCIAL TRUST CO INC
STATEMENT PER100 Jug 30.2005
THROUGH August 31.2005
ACCCUNT NUMBER
TAXPAYER NUMBER en Ede
LAST STATEMENT 11// 29. 2005
Tin summary E lot Scdeseortel poem cely. It a not NOM as. tat doused
Ain scateatero NNW M retaned to, your records Soo worn Sr Tor irrexclott yeoman=
027 0B 01,05:13:28 001 Y895
GEARED IHROUGH ITS
YAIOtlY OMAE0 $1.10540MAY
FINANCIAL TRUST CO INC
2 o135
STATEMENT BACKER IS PRINTED ON THIS PAGE
027 0201,05:12:211 001 Y895
CLEARED THROUGH ITS
WHOLLY OWNED SUBSTAARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
3 a1 >s
Cash Flow Analysis
THIS PEPICO
Income Summary THS PERIOD YEAS TO DATE
Opening Balance $11.711.77 U.S. Govt. Bond Int. 461.711.95 4.520.094.57
Govt. Agency Int. 627.049.58 5.392.264.53
Securities Sold 1.146.377.233.41 Corp. Bond Int. 168,705.12 1.142.506.31
Dividendsllnterest 1,258,464.71 Credit Balance Int. 998.06 5,322.57
Miscellaneous 1.174.993.98 Reverse Repurchase Int. 150,243.08 1.523.787.61
Amount Credited $1.148.810.692.10 Total $1 408 707.79 $12 583 975.59
Securities Bought -1,147,503,302.86 Bond Purchase Int. -752.302.99 -6.392.956.47
Dividendsllnterest Charged -752.302.99 Repurchase lnt. Exp. -208.934.41 -1.500.580.05
Miscellaneous -345.310.50
Amount Debited $-1.148.600,916.35
Portfolio Composition Net Cash Activity 209.775.75
Cashstash Equivalent 221,488
ClosingBatance $221.487.52 Fixed Income 3.188,141
Total $3.409.629
Cash Balance Summary
OPENING CLOSING
Margin 11,711.77 221,48732
Net Cash Balance $11,711.77 $221.487.52
027 0001.135:13:39 001
FINANCIAL TRUST CO INC
STATEMENT PERIOD Jug 30.2005
THROUGH August 31.2005
ACCOUNT NUMBER
TAXPAYER MASSER OK File
LAST STATEMENT Jul/ 29.2005
Your Portfolio
Allocation
Cash 8 Equivalent
s%
— Fixed Income
94%
UnWo0tel Grown aeocne Oat bane, melte shol
ma*, < vela, The elopers. re-cents-de I, otopme
item to etnel.te merlon rat), el )VV P.,6010
V895
CLEARED THROUGH ITS
WHOLLY OWNED SUBSIDIARy
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
4 o ;$s
Your Portfolio Holdings
CASH & CASH EQUIVALENTS
DESCPJP1ON
CASH BALANCE
SGMCLO.E1P
/AKAKET ESTIMATED CURRENT
Oil/daffy PACE VALUE ANNUAL INCOME YELD 14)
221.488
TOTAL CASH & CASH EQUIVALENTS 5221.485
FIXED INCOME
Government & Agency Obligations
DESCRIPTION SGMOLCUSP
ACCT
TYPE OUANTITY PACE MARKET VALUE
ACCRUED
INTEREST
EsrmsTE0
ANNUAL NCOLIE
CIMR5W
YELL/ iN)
GOVERNMENT NATIONAL MTG ASSN MRGN 14.468.859 5.9466 860.404 15.870 519.432 60.3707
SERIES 2004-035 CLASS SP
DATED DATE 05/21/04
BOOK ENTRY ONLY
DUE 12/20/2029 3,90%
FACTOR .88845284
GOVERNMENT NATIONAL MTG ASSOC MRGN 14,505.776 6,1364 890.134
SERIES 2004-041 CLASS SE
DATED DATE 06/23.04
BOOK ENTRY ONLY
DUE 05120/2030
FACTOR .90308336
FEDERAL NATIONAL MTG ASSN MRGN 11,861.919 6,8431 811.726 6.638 398.323 49.0711
SERIES 2003.49 CLASS SW
DATED DATE 04/30/03
BOOK ENTRY ONLY
DUE 01/2512033 3.358%
FACTOR — .48800907
FINANCIAL TRUST CO INC
STATEMENT PERIOD Jul/ 30.2005
THROUGH August 31.2005
ACCOUNT NUMBER
TAXPAYER KAMER On File
LAST STATEMENT JuD 29.2005
027 OSOIXIS:13:Ze 001 .895
CLEARED THROUGH ITS
wisCtLY OW,E0 SUOSIOMAY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Your Portfolio Holdings (continued)
Government & Agency Obligations (continued)
DESLR "'ION SINEOLCUSP
ACCT
TYPE °UMW PRICE IAARKET VALLE
ACCRUED
MEREST
(STEAMED
ANNUAL INCOME
CURFENT
TED 19/
FEN. HOME LOAN MTG CORP/SIMS MRGN 466.211 21,4063 99.798 1.943 23,311 23,3582
SERIES 227 CLASS 10
DATED DATE 11/01/04
BOOK ENTRY ONLY
DUE 12/01/2034 5400%
FACTOR - .93242216
Total Government& Agency Obligations 62,682,062 $24451 $941,068
Corporate Bonds
ACCT ittRuE0 ESTMAIW DATENT
DESCRIPTION $9.30UCUSP TYPE GUMMY PRICE IAARXET VN.LE entFEST ANNUM. INCOME YEW Phi
ALTERNATNE LOAN TRUST MRGN 35,363,806 1,0876 526,079 9.660 579.966 110,2431
SERIES 2004-30CB CLASS I -AS
DATED DATE 12/27/04
BOOK ENTRY ONLY
DUE 02/25/2035 1440%
FACTOR — 48409516
RATING: MOODY MA S&P MA
Total CorporateBonds $528,079 $9,660 1679,968
TOTAL FIXED INCOME 13.166.141 $34.115 $1.521,032
FINANCIAL TRUST CO INC
STATEMENT PER100 Jul/ 30.2005
THROUGH August 31.2005
ACCCUNT NUMBER
TAXPAYER MAWR On File
LAST STATEMENT JO/ 29.2005
YOUR PORTFOLIOHOLDING$ACCRUED INTEREST $34.115
YOUR PORTFOLIONOLDINGSESTIMATED ANNUAL INCOME $1.521.032
YOUR PRICEDPORTFOLIOHOLDINGS $3.409.629
027 OltIOS:12:29 001 VERE
CLEARED THROuGH ITS
YiIICtLY CA1T,E0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Repurchase and Reverse Repurchase Transactions
with Bear,Stearns& Co. Inc.outstanding as of date of statement
PM:WS& REPURCHASE PROM PURCHASE PRIM ACCRUED REPO CUNITIN
START DATE DATE RATE PRINCPAL MEREST* (FACE AMOUNT) CUSP DESCRIPTOR
FINANCIAL TRUST CO INC
STATEMENT PERKO JuR 30.2005
THROUGH August 31.2005
ACCOUNT NUMBER
TAXPAYER NURSER On File
LAST STATEMENT Jul/ 29.2005
YOU PROVIDED FEDERAL NATIONAL MTG ASSOC
(MARGIN) 0729/05 OPEN 0.000 -50.000.000 SERIES 2003-13 CLASS 4.3587 oa25133
YOU SOLD FANNIE MAE STRIPS
(REPO) 08/01/05 09/01/05 3.730 -5.923.000 -19.024 -10.000.000 SERIES 352 CLASS PO 07101/34
YOU SOLD FANNIE MAE STRIP
(REPO) 08/01/05 09/01/05 3.730 -1.850.000 -5.942 -10.000.000 SERIES 353 CLASS 10 5.0000 07/01/34
YOU SOLD FEDERAL HOME LOAN STRIP
(REPO) 08/01/05 09/01/05 3.730 -500.000 -1.605 -9.500.000 SERIES 227 CLASS 10 5,0000 12/01/34
YOU SOLD FANNIEMAE STRIP
(REPO) 08/12/05 09/12105 3.770 -13.401.000 -28.067 40.000.000 SERIES 329 CLASS PO 12/01132
YOU SOLD FANNIEMAE STRIP
(REPO) 08/12/05 09/12/05 3.770 -14.274.000 -29.896 -30.000.000 SERIES 346 CLASS PO 11/01/33
YOU SOLD FEDERAL HOME LOAN STRIP
(REPO) 08/12/05 09/12/05 3.770 -3.938.000 -8.247 -20.000.000 SERIES 227 CLASS 10 5.0000 12/01/34
YOU SOLD FREDOIEMAC STRIP
(REPO) 08/12/05 09/12/05 3.770 -3.124.000 -6.543 -20.000.000 SERIES 228 CLASS 10 6.0000 02/01/35
YOU SOLD FEDERAL NATIONAL MTG ASSOC
(REPO) 08/15/05 09/14/05 3.780 458.000 -817 -14.000.000 SERIES 2003-52 CLASS 3.4587 07/25/17
YOU SOLD FEDERAL NATIONAL MTG ASSOC
(REPO) 08/15105 09/15105 3.780 -384.000 -685 -11.000.000 SERIES 2003-52 CLASS 3.4587 07/25/17
YOU SOLD FANNIE MAE STRIPS
(REPO) °mates 09/19/05 3,810 -13.289.000 -19.689 -23.000.000 SERIES 352 CLASS PO 07/01/34
027 090I.0503:29 001 V891
CLEARED THROUGH ITS
WHOU.Y OWNED $UB9DAAY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
7 s. ss
Repurchase and Reverse Repurchase Transactions (continued)
with Bear,Stearns& Co.inc.outstanding as of date of statement (continued)
KROUSE(
START DATE
REPURCHASE
DATE
PRICING
RAM
PURCHASE atice,
PRINCIPAL
ACCRUED REPO
MEREST'
GUNFTITI
(FACE AMOUNT) CUSP DESCRIPTION
YOU SOLD GOVERNMENT NATIONAL MEG ASSOC
(REPO) 08/18/05 09/19/05 3,810 -1,216,000 -1.801 -27.112,874 SERIES 2004-30 CLASS 3,5906 02/20/32
YOU PROVIDED GOVERNMENT NATIONAL MEG ASSOC
(MARGIN) 08/26/05 OPEN 0,000 -26.400.000 SERIES 2004-5 CUSS P 3,3406 02/20133
YOU SOLD FEDERAL HOME LOAN MTG CORP
(REPO) 08/29105 OPEN 0,010 -1 -9.724.538 SERIES 2886 CLASS SC 3,7287 07/15/19
YOU SOLD USTR 4,2500 08115/I5
(REPO) 08131/05 09401/05 3,200 -20.225.000 -1,797 -20.000.000
YOU SOUGHT USTR 4,0000 08/31/07
(REVERSEI 08:31,05 09(01/05 3.320 68.255.000 6.294 65030.003
TOTAL REVERSE REPURCHASETRANSACTIONS £413.235.000 $6.294
FINANCIAL TRUST CO INC
STATEMENT PERIOD Jug 30.2005
THROUGH August 31.2005
ACCOUNT NUMBER
TAXPAYER MAWR On File
LAST STATEMENT Jul/ 29.2005
TOTAL REPURCHASETRANSACTIONS
As el sialcmool dam
$48.932.001 3424.113
Transaction Detail
INVESTMENT ACTIVITY
STATEMENT TRADE
DATE DATE TRANSACTION DESCRSTION
08101105 07/29(05 BOUGHT UNITED STATES TREASURY NDTE
04,125% MN 15
MATURITY
GVER REF tt G2105081 Al
SIMBOLCUSIP WANT& APACE DM AMOUNT
10,000,000 98,78125 9,878,125 ,00
ACCR, INT, 87.432,07
CREDIT APADutil
027 CGOI.05:I3:28 001 "895
CLEARED THROUGH ITS
WHEEL? OMS*0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
08/01105
TRADE
DATE TRANSACTION
07/28105 SOLD
OESORPTION
UNITED STATES TREASURY NNE
03.875% JJ 31
MATURITY
GVER REF # G2O93006 B1
08101105 07/28/05 SOLD UNITED STATES TREASURY N3TE
03.875% JJ 31
MATURITY
GVER REF # G2O93006 Al
08/11/05 08/03105 BOUGHT FNMA-30YR(FNMA)OID
imwitSEIT.08/04 05.500%
7160000 BS
08/1 1105 07/15+05 CANCEL SELL FNMA-33YR(FNMA)OTD
amosSEIT.01VO4 05.500%
7180000 BS
AS OF 07/15+05
TO C/3. PREVIOUS SELL
S THEIOLCUSV
03,11.05 07:07.05 CANCEL SELL FNMA-33YR(FNMA)ETID
SETT.08/04
05.500 1
57310000 SS
AS OF 07/07105
TO C/3. PREVIOUS SELL
-23.000.000
PAIGE
99.80469
ACCR. INT.
ile3 Co
FINANCIAL TRUST CO INC
STATEMENT PERTOO Jug 30.2005
THROUGH August 31.2005
AGLOW! NUMBER
TAXPAYER NUMER Ofl File
LAST STATEMENT JUN 29. 2006
DEBIT AMOUNT CREW MOW
22.955078 .13
2.421.87
-50.000.000 99.80469
ACCR. INT.
49.902.343 .75
5.264.95
1.000.000 100.45313 1.004.531 .25
30.000.000 100.82031 30.246.093.75
30.000.000 100.96875 30.290.625.00
OM 1105 07/29105 CANCEL SELL FNMA-30YR(FNMA)ETID
SETT O8104
05.500%
57090000 BS
AS OF 07+29.05
TO C/3. PREVIOUS SELL
40.000.000 100.50781 40.203.125.00
027 09,01,OS:10:28 001
CLEARED THROUGH ITS
WHCELY GMB*0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT TRADE
DATE DATE
Oen 1/05 07/11/05
08/1 1105 07/08105
OM 1/05 07/08/05
08111/05 08/0345
08/11/05 08/0345
08/11/05 07/15/05
TIANSAC110,1
BOUGHT
OESCRETION
FNMA-30YR(FNMA)OTD
SETT.08104
040005.500% 57110000 BS
CANCEL SELL FNMA-30YRTHMAJO1D
05.500%
7250000 BS
AS OF 07/08105
TO C)3. PREVIOUS SELL
CANCEL SELL FNMA-30YRTNMA)G1D
SETT.08/04
05.500%
7250000 BS
AS OF 07/08/05
TO C)3. PREVIOUS SELL
BOUGHT FNMA-30YRTNMA)G1D
SETT 08104
05.500%
7180000 BS
CANCEL BUY FNMA-30YR(FNMA)GTD
SETT.0004
101.5 C6.5e"7160000 BS
AS OF 08/03105
TO CM. PREVIOUS BUY
SOW FNMA-30YRTNKIMG1D
SETT.08/04
01.11105.500
57180000 BS
itkl Co
FINANCa TRUST CO INC
STATEMENT PERK* Jul/ 30.2006
THROUGH August 31.2005
AGLOW! NUMBER
TAXPAYER MASER On File
LAST STATEMENT Jul/ 29.2005
SYMBOLCUS, OVANDO' ProcE DEBIT AMOUNT CREDIT AMSUNT
50.000.000 100.88281 50,441,406.25
VIM 50.000.000 100.96094 50.480.468.75
Mill 50.000.000 100.96094 50.480.470 .00
99.000.000 100.43750 99.433.125.00
-1.000.000 100.45313 1.004.531.25
-30.000.000 100.82031 30.246.093 .75
027 09,01,136:13:29 001 '.89S
CLEARED THROUGH ITS
WHOM.? GMB*0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION
089 1/05 07/07105 SOLD
0891105 07/29105 SOLD
08111/05 07/11105 CANCEL BUY
08 , l 1,05 07:0505 SOLD
08 ,11105 07/08105 SOLD
08111105 08/03105 CANCEL BUY
OESCRETION
FNMA-30YR(FNMA)OM
SETT.08104
1~05.500%
57310000 BS
FNMA-30YR(FNMA)010
isaisSEIT.0844 05.500%
7090000 BS
FNMA-30YR(FNMA)G10
SETT.08/04
1~05.500%
57110000 BS
AS OF 07/11105
TO CXL PREVIOUS BUY
FNMA-30YR(FNMA)G10
SETT.08/04
1011.05.500%
57250000 BS
AS OF 07:0895
FNMA-30YR(FNMA)G10
SETT.08104
, 05.500%
57250000 BS
FNMA-30YR(FNMA)G10
SETT:38/04
05.500%
7180000 BS
AS OF 08/03105
TO CM. PREVIOUS BIN
itkl Co
FINANCa TRUST CO INC
STATEMENT PERTOO Jul/ 30.2005
THROUGH August 31.2005
AGLOW! NUMBER
TAXPAYER NUIMER On File
LAST STATEMENT J011 29. 2005
SYMBOT.CUS, DANTint PRICE DEBIT AMOUNT CREDIT AMOUNT
-30.000.000 100.96875 30290,625.00
-40.000.000 100.50781 40.203,125 90
-50.000.000 100.88281 50.441.406 ,25
-50.000.000 100.96094 50.480.468 .75
-50.000.000 100.96094 50.480.470 .00
-99.000.000 100.43750 99.433.125 .00
027 09,01,136:13:09 001 '.89S
CLEARED THROUGH ITS
(AM,ED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT TRADE
DATE DATE
esittes 0&03l05
comes 07/21105
08/11115 08/03/05
08/11115 07/21/05
08/11115 08/10.'05
08/12105 08111105
08/12/05 08/11105
TRANSACTION
BOUGHT
OESCRIPTION
FNMA 30Th GTO
SETT, 08/05
INNS 05.000%
7990000 BS
CANCEL SELL FNMA 30Th GTO
SETT, 08/05
~ 05.000%
57190000 BS
AS OF 07/21105
TO It PREVIOUS Sal.
CANCEL BUY FNMA 30YR GTO
SETT, 08/05
111. 505.003%
7990000 BS
AS OF 08/03105
TO It PREVIOUS BUY
SOLD FNMA 30YR GTO
SETT 08/05
05,000%
57190000 BS
BOUGHT UNITED STATES TREASURY NOTE
04125% MN
MATURITY
GVER REF N G2222986 Al
BOUGHT UNITED STATES TREASURY NOTE
04,125% MN
MATURITY
GVER REF # G2234235 Al
SOLD UNITED STATES TREASURY NOTE
04125% MN
MATURITY
GVER REF # G2234830 Al
kf ,
FINANCAL TRUST CO INC
STATEMENT PERK* NEN 30.2005
THROUGH August 31.2005
ACCOUNT NUMBER
TAXPAYER MAWR Cfl File
LAST STATEMENT Jul/29. 2005
SYMBOL:CUSP CAMMITY Pea DENT AMOUNT CREPT AMOUNT
10.000.000 98.34766 9.834.765,63
10.000.000 98.59375 9.859.375 MO
-10.000.000 98,34766 9.834.765,63
-10.000.000 98.59375 9.859.375.00
5.000.000 98.06250 4.903.125.00
15 ACCR, NT, 49.320,65
30.000.000 98.25000 29.475.000.00
15 ACCR, NT, 299.28668
-30.000.000 98.34375 29,503,125.00
15 ACCR, INT, 299.286,68
027 0901,051 3:28 001 '.89S
CLEARED THROUGH ITS
WHOM.? (MSC> SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION OESCRETION STMEIOLCUSV OVANTITY nnicE DEBIT AMOUNT CREPT AMSUNT
08/12/05 08/11/05 BOUGHT UNITED STATES TREASURY NOTE 15.000.000 99,56250 14.934.375,00
DUE 07/31/2007 03,875% JJ 31 ACCR. 18.953,80 SPECIAL INSTRUCTIONS
YIELD 4,108 % M MATURITY
GVER REF V G2233644 Al WWEB
08/1 5105 08/12105 BOUGHT UNITED STATES TREASURY NOTE 10.000.000 99,70313 9.970.312,50
03,875% JJ 31
MATURITY
ACCR. WT, 15794,84
GVER REF # G2245038 Al
08/15105 06 112105 SOW UNITED STATES TREASURY NOTE NMI -20.000.000 99,65500 19.931.000 .00
03,875% JJ 31
MATURITY
ACCR, INT, 31.589,67
GVER REF  #/02215035 A3
AS OF 08/12/05
08/16105 08/15/05 SOLD UNITED STATES TREASURY NOTE -5.000.000 98,72266 4.936.132,81
04,125% MN 15
MATURITY
ACCR, INT, 52.122,96
GVER REF V G2273023 Al
08/16105 08/15105 BOUGHT UNITED STATES TREASURY NOTE 5.000.000 99,90625 4.995.312.50
04,250% FA 15
MATURITY
ACCR. WT, 677.45
GVER REF # G2273026 Al
08/16105 08/15105 SOLD UNITED STATES TREASURY NOTE -10.000.000 99,68750 9.968.750,00
04,250% FA 15
MATURITY
ACCR, INT, 1.154,89
GVER REF  #/02273919 Al
08/17/05 08/16105 BOUGHT UNITED STATES TREASURY NOTE 10 030.000 100,25000 10.025.000.00
04,250% FA 15 ACCR. 2.309.78
MATURITY
GVER REF # G2285068 Al
itkl Co
FINANCAL TRUST CO INC
STATEMENT PERK* Jul/ 30.2005
THROUGH August 31.2005
AGLOW! NUMBER
TAXPAYER NADER Ofl File
LAST STATEMENT JUN 29. 2005
027 09,01,136:13:09 001 '.89S
CLEARED THROUGH ITS
WHOLLY OwNED SUSDCHAAy
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
13 O
FINANCIAL TRUST CO INC
STATEMENT PERK* Jul/ 30.2005
THROUGH August 31.2005
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT TRADE
DATE DATE TRANSACTION Dues priON SIMEO-CUSP CAJANTID PRCE
ACCOUNT NUMBER
TAXPAYER RUMMER On File
LAST STATEMENT J011 29.
DEPT AMOUNT
CREDIT MOUNT
08717/05 08/16/05 SOLD UNITED STATES TREASURY NOTE -10,000.063 99.73438 9.973.437.50
03.875% JJ 31 ACCR, INT. 17.900.82
. 0 MATURITY
GVER REF It G2284269 Al
08/18105 08117105 BOUGHT UNITED STATES TREASURY NOTE 25.000.000 99,83984 24.959.960.94
04.250% FA 15
MATURITY
ACCR, INT, 8.661.68
GYER REF # G2294678 Al
08/18/05 08/17105 SOLD UNITED STATES TREASURY NOTE -25.000.000 100.07813 25.019.631 .25
04.250% FA 15
MATURITY
ACCR, INT, 8.661.68
GYER REF # G2292609 Al
08/1 9/05 08/18105 BOUGHT UNITED STATES TREASURY NOTE 10.000.000 100.26563 10.026.562.50
04.250% FA 15 ACM INT. 4.619.57
MATURITY
GVER REF es G2303843 Al
08/1 9/05 08/18105 SOLD UNITED STATES TREASURY NOTE EMI -10.000.000 100.12500 10.012.600 .00
04.250% FA 15
0 MATURITY
ACCR, INT, 4.619.57
GVER REF It 02303360 Al
08122/05 08/19/05 BOUGHT UNITED STATES TREASURY NOTE 10,030.000 100.31250 10,031,250.00
DUE 08/15/2015 04,250% FA 15
SPECIAL INSTRUCTIONS ACCR, INT, 8.08424
YIELD 4.211 % TO MATURITY
GYER REF # G2313898 Al WWEB
08.22/05 08/19105 BOUGHT UNITED STATES TREASURY NOTE 25.000.000 100.34375 25,085,937.50
DUE 08/15/2015 04.250% FA 15 ACM INT, 20.210.60 SPECIAL INSTRUCTIONS
YIELD 4.207 % TO MATURITY
GYER REF # G2348702 S1
AS OF 08/19/05
027 000145:13:29 001 Y893
CLEARED THRouGH ITS
y/NO.E.Y Cms*0 SUEISIOany
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
ilkl Co
FINANCa TRUST CO INC
STATEMENT PER100 NEN 30.2005
THROUGH August 31.2005
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT TRADE
DATE DATE TRANSACTION OESCRETION STMEIOLCUSV CIJANTITe PRCE
ACCOUNT NUMBER
TAXPAYER WISNER On File
LAST STATEMENT J011 29.
DEBIT AMOUNT
GRIM MIDUNT
08(22/05 08/19/05 SOLD UNITED STATES TREASURY NOTE -25.000.000 100.26563 25.066.406.25
04.250% FA 15 ACCR, INT. 20,210.60
MATURITY
GVER REF # G2313522 Al
08(22/05 08/19105 BOUGHT UNITED STATES TREASURY NNE 10.000.000 99.75000 9.975.000.00
03.875% JJ 31 ACM T. 23.165.76
MATURITY
GVER REF # G2313868 Al
0822/05 PRINCIPAL GOVERNMENT NATIONAL MTG ASSN -166.188
SERIES 2004-035 CLASS SP
3.770 DUE 12/20/29
PRINCIPAL REDUCTN 08-20-05
08(22/05 PRINCIPAL GOVERNMENT NATIONAL MTG ASSOC -150.917
SERIES 2004-041 CLASS SE
DUE 05/20/30
PRINCIPAL REDUCTN 08-20-05
0824105 08/23105 BOUGHT UNITED STATES TREASURY NOTE 10.000.000 100.57813 10.067.812.50
04.250% FA 15 ACCR. M. 10.394.02
MATURITY
GVER REF # G2354385 Al
08/24105 08/23105 SOLD UNITED STATES TREASURY NOTE -10.000.000 100.40625 10.040,625 (00
04.250% FA 15 ACCR. INT. 10,39442
0 MATURITY
GVER REF At G2352709 Al
08125/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 128,288.70
SERIES 329 CLASS PO
DUE 01/01/33
STRIP
PRIN WC( 07-05 PA) 08-25-05
REPO P 8I 0.0000
027 020145:12:29 001 11895
CLEARED THROUGH ITS
WHCXLY OWNED SUBSDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
15 ci
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
08/25M5
TRADE
DATE TRANSACTOR
PRINCIPAL
DESCRPTION
FEDERAL NATIONAL MTO ASSN
SERIES 329 CLASS PO
WE 01/01/33
STRIP
PAIN RID 07-05 PM 08-25-05
REPO P 8I 0.0000
08(25/05 PRINCIPAL FEDERAL NATIONAL MTO ASSN
SERIES 2003-49 CLASS SW
3.358 DUE 01125/33
PRINCIPAL REDUCTN 08-25-05
08/25/05 PRINCIPAL FEDERAL NATIONAL MTO ASSN
SERIES 346 CLASS 1
WE 11/01/33
KIN RID 07-05 PM 08-25-05
REPO P 8I 0.0000
09025/05 PRINCIPAL FEDERAL NATIONAL MTO ASSN
SERIES 346 CLASS 1
WE 11/01/33
PAIN RID 07-05 PM 08-25-05
REPO P 8I 0.0000
09025/05 PRINCIPAL FEDERAL NATIONAL MTO ASSN
SERIES 352 CLASS 1
0.001 DUE 07/01/34
PAIN RID 07-05 PA 08-25-05
REPO P 8I 0.0000
0845 105 PRINCIPAL FEDERAL NATIONAL MTO ASSN
SERIES 352 CLASS 1
0.001 DUE 07/01/34
PAIN RID 07-05 PA) 08-25-05
REPO P 8I 0.0000
08125/05 PRINCIPAL ALTERNATIVE LOAN TRUST
SERIES 2004-3008 CLASS 1-A-8
1.640 DUE 02125P35
PRINCIPAL REDUCTN 08-25-05
STUD0ALISP OJAturre PEKE
FINANCIAL TRUST CO INC
STATEMENT PERKO Jug 30.2005
THROUGH August 31.2005
ACCOUNT NUMBER
TAXPAYER WOOER GT1 File
LAST STATEMENT JUN 29. 2005
DENT AMOUNT CR= AMOUNT
384,866.10
-325.337
168.299.20
336.598.40
241.100.60
654.531.38
-985.861
027 00010S:13:29 001 1896
CLEARED THROUGH ITS
WHEEL? (MSC> SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE mANssicnom OESCRPTION STMOOLCUMP OVANDO, PRCE DEBIT AMOUNT GRECO ARVUNT
08(26105 08/25105 BOUGHT UNITED STATES TREASURY NOTE 18.000.000 99.77344 17.959.218.75
03.875% JJ 31
MATURITY
ACCR, 4#279.89
GYM REF # 02373905 at
08,26+05 08/25/05 BOUGHT UNITED STATES TREASURY NOTE 50.000.000 99.77344 49.886.718,75
03.875% JJ 31 ACCR. WT. 136.888,59
MATURITY
GYM REF # G2373905 Al
08,29105 08126+05 BOUGHT UNITED STATES TREASURY NOTE 5.000.000 100.79688 5.039.843,75
04.250% FA 15 AC08. INT. 8.084,24
MATURITY
GVER REF # G2382619 Al
08,2945 08126/05 SOLD UNITED STATES TREASURY NOTE EMI -5.000.000 100.65625 5.032.812.50
DUE 08/15/2015 04.250% FA 15 ACCA. INT. 8.084.24 SPECIAL INSTRUCTIONS
YIELD 4.169 % TO MAttIRITY
GVER REF # 02412240 Al WINES
AS OF 08726105
08,30,05 JOURNAL FREDDIE MAC CMUSERIES 2886 111111111 SC-VO RTR
3.728 DUE 07/15/19
08,31105 08/30/05 BOUGHT UNITED STATES TREASURY NOTE 5.000.000 100.67188 5,033,593,75
04.250% FA 15 ACM. NE 9,239,13
MATURITY
GVER REF # 02422297 Al
08,31105 08130.'05 BOUGHT UNITED STATES TREASURY NOTE 15.000.000 99,97656 14,996.484,38
04.000% FA 28
MATURITY
GYM REF # 02423132 Al
027 09,0105:13:39 001 11896
,iIk1 Co
FINANCa TRUST CO INC
STATEMENT PER100 Ju// 30.2005
THROUGH August 31.2005
AGLOW! NUMBER
TAXPAYER KINDER Ofl File
LAST STATEMENT JUN 29. 2005
CLEARED IFIROuGH ITS
ViHC‘LY en‘v.eo SUEISID4ARY
BEAR
STD;RNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
FINANCiAL TRUST CO INC
STATEMENT PEAK* JuB 30.2005
THROUGH August 31.2005
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT TRADE
DATE DATE TRANS/CT/DM °ESCAPISM SIMBEACEIMP CAJUVrity PRZE
ACCOUNT NUMBER
TAXPAYER AVISER
LAST STATEMENT
DENT AMOUNT
On FAA
J01129. 2005
CREPT MAJUNT
08/31105 08/30105 SOLD UNITED STATES TREASURY NOTE -15.000.000 99,99219 14.998.828.13
04,000% FA 28
MATURITY
GVER REF it 62423964 Al
08,31/05 08/25105 SOLD UNITED STATES TREASURY LADTE ~I -18.000.000 100,00000 18.000.000 .00
04,000% FA 28
MATURITY
GVER REF Tt 62373906 BI
0841/05 08/25105 SOLD UNITED STATES TREASURY LADTE ~I -50.000.000 100,00000 50.000.000 .00
04,000% FA 28
MATURITY
GVER REF tt 62373906 Al
TOTAL 14340,259621.44 3879.689.952.28
INTEREST
DATE OESCRPTHEN SYMBOLICUSIP OMMAITY RATE I%1 DENT AMOUNT [PEW AMOUNT
08101/05 AVG BAL 467,110 RT 2.481
021 OFFICE INTEREST 0705
08/15105 FEDL HOME LOAN ATM CORPMS 10109
SERES 227 CLASS 10
DUE 12/01/2034 5,000
INT RID 07-05 P/D 08-15-05
REPO P &I 5,0000
08/I 5105 FEDL HOME LOAN VATG CORN/610109
SERES 227 CLASS n
DUE 1210112034 5,000
INT RID 07-05 P/D 08-15-05
REPO P &I 5,0000
998,06
5,0000 1.967,86
5,0000 37.389,40
027 096166:13:29 001 V895
CLEARED 1KROUGH ITS
vusou.v cuw.E0 8,18504.4ov
BEAR
STD;RNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
INTEREST (continued)
r. ql
FINANCIAL TRUST CO INC
STATEMENT PERK* Jul/ 30.2005
THROUGH August 31.2005
ACCOUNT NUMBER
TAXPAYERm.493ER OnfIle
LAST STATEMENT AA/ 29. 2005
DATE DESORPTION SYMEIWCUSIP a/Pinny RATE 1%/ DEBIT AMOUNT CREDIT AMOUNT
08115405 FEDL HOME LOAN MI6 CCIVWS10109 5.0000 78.714.53
SERES 227 CLASS 10
DUE 12/01/2034 5.000
INT R/D 07-05 PAD 08-15-05
REPO P &I 5.0000
08/15+05 FREDDIE MAC CMDSER1ES 2886 3.9110 11.317.04
SC-VO RIR
DUE 07/15/2019 3,911
INT R/D 07-05 Pit 08-15-05
REPO P & I 3.9118
5/05 FREDDIE MAC CMDSERIES 2886 3.9110 16.196.21
SC-VO RTR
DUE 07/15/2019 3,911
INT R/D 07-05 PM 08-15-05
REPO P & I 3,91 18
OM 5+05 TEDL HOME LOAN IRTG GORP#S 10110 6.0000 87.142.06
SERES 228 CLASS ID
DUE 02/01/2035 6.000
INT R/D 07-05 PAD 08-15-05
REPO P &I 6.0000
0822/05 GOVERNMENT NATIONAL MID ASSN MIN 3.5200 51.626,67
SERES 2004-5 CLASS PS
DUE 02/20/2033 3.520
INT R/D 07-05 PAD 08-20-05
REPO P &I 3.5200
0822/05 GOVERNMENT NATIONAL MTE1 ASSN 3.5200 77.440.00
SERES 2004-5 CLASS PS
DUE 02/2012033 3.520
INT R/D 07-05 PAD 08-20-05
REPO P & I 3.5200
08/22/05 GOVERNMENT NATIONAL MIG ASSN INS 3.7700 75.876.80
SERES 2004-30 CLASS SU
DUE 02/2012032 3,770
INT R/D 07-05 PM 08-20-05
REPO P & I 3.7700
027 090183533:29 001 v895
CLEARED THROUGH ITS
WHOLLY OWX*0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INTER EST (continued)
FINANCIAL TRUST CO INC
STATEMENT PERK* Jug 30.2005
THROUGH August 31.2005
ACCOUNT NUMBER
TAXPAYER AMMER Ofl File
LAST STATEMENT Jul/ 29. 2005
DATE DESORPTION SYMEIMICUSIP QUANTITY RATE ITN DEW AMOUNT MEM AMOUNT
08022t5 GOVERNMENT SAMNA/ MTO ASSN 3,7700 45.978.44
SERIES 2004-035 CLASS SP
DUE 12/20/2029 3.770
INTEREST PAYMENT 08-20.05
08/22/05 GOVERNMENT NATIONAL MTO ASSOC MEI 46.046.44
SERES 2004-041 CLASS SE
DUE 05/20/2030 0.000
INTEREST PAYMENT 08-20.05
08125/05 FANNIE MAE CMO/SERIES 2003.13 4,3580 91 514,47
S RCA-I/0 RTR
DUE 03/254033 4.358
INT RID 07-05 PAD 08-25-05
REPO P S I 4.5400
08,25/05 FEDERAL NATIONAL MTO ASSN 3,3580 35.952,40
SERES 2003-49 CLASS SW
DUE 01/25/2033 3.358
INTEREST PAYMENT 08-25.05
08125:05 FANNIE MAE CMO/SERIES 2003.52 3.4580 22.557.38
KS-W3 RTR
DUE 07/25/2017 3.458
INT RID 07-05 PAD 08-25-05
REPO P 8I 3.6400
0812905 FANNIE MAE CMO/SERIES 2003.52 3.4580 28.709,39
KS-I/O RTR
DUE 07/252017 3.458
INT RID 07-05 PA 08-25-05
REPO P 8I 3.6400
0802905 FEDERAL NATIONAL MTO ASSN 5.0000 37.648,21
SERES 353 CLASS 2
DUE 07/01/2034 5.000
INT RID 07-05 PM 08-25-05
REPO P 8I 5.0000
027 OSOITTS:l3:09 001 VII9S
CLEARED THROUGH ITS
WHOLLY OWNED $UB9OIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
20 s! s!.
Transaction Detail (continued)
INTEREST (continued)
DATE DESCRIPTION
08/25/05 ALTERNATIVE LOPN TRUST
SERES 2004-3008 CLASS 1-A-8
DUE 02/25/2035 1.640
INTEREST PAYMENT 08-25.05
TOTAL $794.752.74
CREDIT AMOUNT
REPURCHASE AND REVERSE REPURCHASETRANSACTIONS
with Bear,Stearns& Co. Inc.
SETTLEMENT TRADE
DATE DATE TRANSACTION DESCRPTION SYMBOL.CUSJP 0.:NYHTY MIT AMOUNT
0801105 JOURNAL FEDERAL NATIONAL MTO ASSN -8.299.585 5.923.000.00
SERIES 352 CLASS 1
0.001 DUE 07/01/34
FITM F2133186 Al
REPO AGREEMENT
08101105 JOURNAL FEDERAL NATIONAL MM ASSN 8.299,585 6,373.000 00
SERIES 352 CLASS 1
?int
FITM
osigne sz
TERM RatraaMENT 08101+05 JOURNAL FEDERAL NATIONAL KIM ASSN IMMO 9.035,569 1.737.000.00
SERIES 353 CLASS 2
5.000
FITI14 31.2
TERM ENT
08101+05 JOURNAL FEDERAL NATIONAL MTG ASSN -9.035.569 L850.000,00
SERIES 353 CLASS 2
5.000 DUE 07/01+34
FITM F2133186 81
REPO AGREEMENT
0841+05 JOURNAL FEDL HOME LOAN MTG CalP4S10109 8.973,456
SERIES 227 CLASS 0
SYMBOUtuSTP OVAATIIIY RATE 1%4
1.6400
DEBIT AMOUNT
FINANCIAL TRUST CO INC
STATEMENT PERK* Jul/ 30.2005
THROUGH August 31.2005
ACCCUNT NUMBER
TAXPAYER NASSER Ofl File
LAST STATEMENT Jul/ 29.2005
CREDIT AMOUNT
49.677.40
5.000
FITI14 310 34A2
TERM DENT
027 M01.05:13:28 001 '.1193
CLEARED THROUGH ITS
WHOLLY OWNED $00901ARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRANSACDON DESCRPRON
08.101105 JOURNAL FEDL HOME LOAN MTG CORPaS10109
SERIES 227 CLASS 10
FSITAIMM AlairAl
REPO
0801105 DELIVERED UNITED STATES TREASURY NOTE
DUE 05/192015 4.125
4.1253101i5
FITM A2
TERM EMENT
08101105 RECEIVED TINTED STATES TREASURY NOTE
DUE 07131/2007 3.875
3.875 1117
FILM AI
RESALE T
08 101/05 INTEREST FEDERAL NATIONAL MTO ASSN
SERIES 352 CLASS 1
DUE 07310 0.001
FITM BZ
REPO I
08 101/05 INTEREST FEDERAL NATIONAL MTO ASSN
SERIES 353 CLASS 2
DUE 0710 5.000
FITM A2
REPO I
0801105 INTEREST UNITED STATES TREASURY NOTE
DUE 05/1. 1.125
ea/ yes JOURNAL UNITED A E
FITM A
4.125
A l
, 15
REPO AGREEMENT
SYME/CIALOSIP
FINANCAL TRUST CO INC
STATEMENT PERIOD Jul/ 30.2005
THROUGH August 31.2005
ACCOUNT NUMBER
TAXPAYER NUMBER OR Fee
LAST STATEMENT Jilt 29. 2005
QUANTITY OMIT AMOUNT CREDIT AMOUNT
-8.973,456 500.000.00
-10.000.000 10.025.000 .00
73.000.000 73.000.000.00
20.053,71
5.465,76
6.970.16
-5.000.000 4.931,250 .00
027 000105:13:29 001 V893
CLEARED THRouGH ITS
wilCu.Y OwNEO SUBODIARy
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
22 a v.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SEMEMENT TRADE
DATE DATE TRANSACTION DESCRPRON
08112105 JOURNAL FEDERAL NATIONAL WM ASSN
SERIES 329 CLASS PO
DUE 01101/33
STRIP
TERRARM Ant / NT
08/I2+05 JOURNAL FEDERAL NATIONAL KIM ASSN
SERIES 329 CLASS PO
DUE 01/01/33
STRIP
TERMRW  RMINM AZENT
08/I 245 JOURNAL FEDERAL NATIONAL MICI ASSN
SERIES 329 CLASS PO
DUE 01101/33
STRIP
ATM Milli DI
REPO A
SYMEICIJCUSIP CVANTRY DEBIT AMOUNT
4.677.451 3,562,000.00
FINANCIAL TRUST CO INC
STATEMENT PERK* Jul/ 30.2005
THROUGH August 31.2005
AccouNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT Jul/ 29.2005
CREDIT AMOUNT
14.032.355 10.686.000 po
-18.709.806 13.401.000.00
08/I2105 JOURNAL FEDERAL NATIONAL MM ASSN
SERIES 346 CLASS 1
DUE 11
FITM CZ
TERM MENT
08/I2105 JOURNAL FEDERAL NATIONAL WO ASSN
SERIES 346 CLASS 1
DUE 11
FMB AZ
TERM MENT
6.637,070 5.060.000 .00
13,274.141 10.120.000.00
08/12105 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 346 CLASS 1
DUE 11
ATM CI
REPO A
08/12105 JOURNAL FEDL WItIE LOAN tin CORPoSt0i09
SERIES 227 CLASS 10
5.000 '
FITM AZ
TERM MENT
-19.911.211 14.274.000 .00
18.648.443 3,788.000.00
027 09,01.05:13:29 001
CLEARED THROUGH ITS
WHOLLY 01VNE0 SUBODIARv
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRANSACTION DESCRPRON
08/12/05 JOURNAL FEDL NOME LOAN MTG CORP9S10109
SERIES 227 CLASS 10
FSITTAMM AlarB1
REPO
08/12105 JOURNAL FREOOIE MAC CMO,SERIES 2886
SC-/0 FUR
3.911 1#1 4.19
FITM Al
REPO A
08112+05 JOURNAL FREOOIE MAC CMOSERIES 2886
SC-/0 FUR
3.9113.119
FITM AZ
TERM MENT
08112+05 JOURNAL FEDL HOME LOAN MTG OCAPt/S Ot 10
SERIES 228 CLASS 10
6.00031.35
FITM BZ
TERM AAENT
08112+05 JOURNAL FEDL HOME LOAN MTG CORPOS10110
SERIES 228 CLASS 10
6.000 jos s RIM Al
REPO A
2+05 RECEIVED UNTIED STATES TREASURY NOTE
DUE 07+31/2007 3.875
3.875 DOW
FITM Al
RESALE
08112+05 DEUVERED UNITED STATES TREASURY NOTE
DUE 07/31,2037 3.875
3.13751 . 7
FITM A2
TERM t WENT
FINANCIAL TRUST CO INC
STATEMENT PER100 Jug 30.2005
THROUGH August 31.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT Jug 29.2005
Symectocuse OUANTITY DEBIT AMOUNT CREDIT AMOUNT
-18.648.443 3.938.000.00
-3.471.600 182,000.00
3.471,600 197,000.00
16,861.393 2,818.000.00
.16 861.393 3.124.000.00
58.000.000 58.000.000.00
-73.000.000 73.000.000.00
027 OSOIXIS:13:Ze 001 •.'893
CLEARED THROUGH ITS
WHOU.Y OWNED SUEISTDIAAy
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
24 c? »
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SEM.EmENT TFLTDE
DATE DATE TRANSACTION DESCRITTON SYMEICIAUSIP MUNDY DEBIT AMOUNT CREDIT AMOUNT
08112/05 INTEREST FEDERAL NATIONAL KIM ASSN 10,980.85
SERIES 329 CLASS PO
STRIP
DUE 01 i  0.000
MITA AZ
REPO I
08/12105 INTEREST FEDERAL NATIONAL MID ASSN 32,942,56
SERIES 329 CLASS PO
STRIP
DUE Ojai. 0.000
FITM AZ
REPO I
08/12105 INTEREST FEDERAL NATIONAL MM ASSN 15,598,86
SERIES 346 CLASS 1
DUE 11 0.000
FITM CZ
REPO I
08/I 2105 INTEREST FEDERAL NATIONAL MITI ASSN BIM 31.197,71
SERIES 346 CLASS 1
DUE 11 0.000
RIM AZ
REPO I
08/12105 INTEREST FEDL !CAE LOAN MTG CCAP#S10109 11,677,56
SERIES 227 CLASS 10
DUE 1 5,000
FITM A2
REPO I
08.1 2/05 INTEREST FREDDIE MAC CMCASERIES 2886 VIM 607.31
SC-I/0 FLTR
DUE 07/10 3.911
FITM AZ
REPO I
08112)05 INTEREST FEDL HOME LOAN MTG CORPoS10t 10 Inn 8.687.27
SERIES 228 CLASS 10
FINANCIAL TRUST CO INC
STATEMENT PERK* Jul/ 30.2005
THROUGH August 31.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT Jul/ 29.2005
DUE 02) 6.000
RIM BZ
REPO
027 090105:13:28 001 '.1193
CLEARED THROUGH ITS
yniCu.Y MINED SUBSTCHAFTy
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
25 i »
Transaction Detail (continued)
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRNISACOON DESCRPTICH SYMOCIAUSIP OVANDO, OMIT AMOUNT CREDIT AMOUNT
08112/05 INTEREST UWE° STATES TREASURY NOTE 66,713.89
DUE 07i2J_2061.7_ _1875
aim RIP 0815105 JOURNAL FANNIE MAE CMOSERIES 2003.52 MIS 7.436.499
KS-ItO FOR
3.640R1117
FIRM A2
TERM GENT
0815105 JOURNAL FANNIE El.* CMOGERIES 2003.52 SIM -7A36.499 384,000.00
KS-I/0 FUR
3.6401117
FIRM Al
REPO
0815105 JOURNAL FANNIE RAE CAANSERIES 2003.52 -9.464.635 458,000.00
KS-I/0 FUR
3.64011117
FITM At
REPO
08/1 5105 JOURNAL FANNIE El.* CMOISERIES 2003.52 9.464.635 509.000.00
KS-I/0 FUR
3.6403".17
FITM AZ
TERM MENT
owl sros JOURNAL GOVERNMENT NATIONAL MTG ASSN -26.400,000 2.333.000.00
SERIES 2004-5 CLASS PS
3.520
FIRM AI
REPO A
0815105 JOURNAL GOVERNMENT NATIONAL MTO ASSN 26.400,000 2.440.000.00
SERIES 2004-5 CLASS PS
FINANCIAL TRUST CO INC
STATEMENT PERM Jul/ 30.2005
THROUGH August 31.2005
AccouNT NUMBER
TAXPAYER ALTMSER On File
LAST STATEMENT Jul/ 29.2005
3.520
FITM 311.2
TERM ENT
027 000145:13:29 001 11895
CLEARED THROUGH ITS
YAIOALY OUS*0 SUBSIDIARY
BEAR
STURNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
=Pm 26
Transaction Detail (continued)
REPURCHASE AND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRANSACTION DESORPTION SYMOCtiCtISIP CAINTur DEBIT AMOUNT CREDIT AMOUNT
08/I 5105 DELIVERED UNITED STATES TREASURY NOTE -58.000.000 58.000.000 .00
DUE 07/31/2007 3.875
3.875 7
FITM A2
TERM e ENT
08/I 5105 RECEIVED UNITED STATES TREASURY NOTE VIM 68,000.000 68.085.000.00
DUE 07/31/2007 3.875
3.875 Dilit7
FITM
RESALE
Al
T
08/I5/05 INTEREST FANNIE MAE CMOSERIES 2003.52 1.633.32
KS-I/0 FLTR
DUE 07:10. 3.640
FITM Q
REPO I
08/15105 INTEREST GOVERNMENT NATIONAL MTO ASSN 8.007.27
SERIES 2004-5 CLASS PS
DUE Oa.  3.520
FITM AZ
REPO I
08/15105 INTEREST UNITED STATES TREASURY NOTE MIN 11 116.67
DUE 07/11 1.875
081I8'05 JOURNAL FREOOIE MAC CMOSERIES 2886 4.856.023
SC-D0 FUR
3.72831ill 9
FITM A2
TERM MENT
08/16/05 JOURNAL FREOOIE MAC CMOGERIES 2886 .4.856.023 258.000.00
SC-00 FLTR
3,728 19
FITM AI
REPO
08/16/05 JOURNAL WINED TATE TREASURY NOTE 5.000.000 4.931.250 .00
FITM A2
FINANCIAL TRUST CO INC
STATEMENT PERM Jul/ 30.2005
THROUGH August 31.2005
ACCOUNT NUMBER
TAXPAYER AMMER On File
LAST STATEMENT Jul/ 29.2005
4.125 15
TERM REPO AGREEMENT
027 OtiOlitIS:13:29 001 11895
CLEARED THROUGH ITS
?RIMY CAM,*0 SUBSIDIARY
BEAR
STURNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
=Pm 27
Transaction Detail (continued)
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TIVINSACTION DESERTION SYMOCCCUSIP MAMMY DEBIT AMOUNT CREDIT AMOUNT
08/16105 RECEIVED UNITED STATES TREASURY NOTE 5.000.000 5.000.000,00
DUE 08t15,2015 4.250
4,250 DOC
F1TM Al
RESALE
081 6105 INTEREST UNITED STATES TREASURY NOTE 510,93
DUE 4.125
FILM A2
REPO I
08/17105 DELIVERED UNITED STATES TREASURY NOTE -5.000.000 5.000.000.00
DUE OS/19201S 4.250
5 4.2SORMI EI
F1TM A2
TERM EMENT
08117105 JOURNAL UNITED TATES TREASURY NOTE -5.000,000 5.000.000.00
FILM Al
4.250 15
REPO AGREEMENT
08117105 DELIVERED UNITED STATES TREASURY NOTE -68.000.000 88.085.000.00
DUE 07+31/2007 3.875
3.875 7
FILM A2
TERM ENT
08117105 RECEIVED UNITED STATES TREASURY NOTE 78.000.000 78.195.000,00
DUE 07+31+2007 3,875
ROA Al
3,875 la?
RESALE T
08117105 INTEREST UNITED STATES TREASURY NOTE 452.78
DUE 03+0110 1250
02.+17+05 INTEREST UNITED STATES TREASURY NOTE 10,477,53
DUE 07+VS 1.875
FINANCIAL TRUST CO INC
STATEMENT PERK* Jul/ 30.2005
THROUGH August 31.2005
ACCOUNT NUMBER
TAXPAYER KAISER On File
LAST STATEMENT JuN 29.2005
027 0901.05:13:211 001 V89S
CLEARED THROUGH ITS
WIICU.Y OWNED SUEIRDMAY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
28 I ))
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SEM.EmENT TRADE
DATE DATE TRANSACTION DESCRPTICH
08/18.05 JOURNAL GOVERNMENT NATIONAL MTO ASSN
SERIES 2004.30 CLASS SU
3.770RIli r
FITM C2
TERM MENT
08.18(05 JOURNAL GOVERNMENT NATIONAL MM ASSN
SERIES 2004.30 CLASS SU
3.770M2
FITM Al
REPO
MI 695 JOURNAL FEDERAL NATIONAL MTO ASSN
SERIES 352 CLASS 1
0.001
FITM AI
REPO P.
08/18/05 JOURNAL FEDERAL NATIONAL MFG ASSN
SERIES 352 CLASS 1
0.0013.4
FITM A2
1TERM MENT
08/18/05 INTEREST FEDERAL NATIONAL KM ASSN
SERIES 352 CLASS 1
DUE 073.0 0.001
FITM A2
REPO I
08022)05 JOURNAL UNITED TATES TREASURY NOTE
FITM A2
4.250 15
TERM REPO AGREEMENT
084245 JOURNAL UNITED T SURY NOTE
FITM Al
4.250 15
REPO AGREEMENT
0842/05 RECEIVED UNITED STATES TREASURY NOTE
DUE 07t3 I 2007 3.875
3.875 00.7
FITM Al
RESALE T
FINANCIAL TRUST CO INC
STATEMENT PER100 Jul/ 30.2005
THROUGH August 31.2005
ACCOUNT NUMBER
TAXPAYER WIESER On File
LAST STATEMENT Jul/ 29.2005
SYMEOCIAUSIP QUANTITY CEBU AMOUNT CREDIT AMOUNT
24,151,766
-24.151,766 1.216.000.00
-18,534,514 13.289.000.00
ISM 18,534.514 13.954.000.00
3136FD(C9 43.617,88
5.000.000 5.000.000.00
-15.000.000 15.037.500 .00
68.000.000 68.170.000.00
027 ORDIXIS:IS:al 001 va9S
CLEARED THROUGH ITS
WHOLLY OMY*0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
=Pm 29
Transaction Detail (continued)
REPURCHASE AND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE DINCADRON DESCRPDON STIABOLcoste CVANTIlY 01931T AMOUNT CREDIT AMOUNT
08/22/05 DELIVERED UNITED STATES TREASURY NOTE -78.000.000 78.195.000 .00
DUE 07/31/2007 3.875
3.875 30. 7
FITM A2
TERM t EMENT
08/22/05 INTEREST LINTS) STATES TREASURY NOTE NMI 2.348.61
DUE O8! 4,250
FITM A2
REPO I
08/22/05 INTEREST UNITED STATES TREASURY NOTE NEI 31.864.46
DUE Ole 1.875
08/26105 JOURNAL GOVERNMENT NATIONAL MTO ASSN -26.400.000
SERIES 2004-5 CLASS PS
3.340
FITM G REPO A
08/26105 JOURNAL GOVERNMENT STATIONAL MTO ASSN 26.400.000 2.333.000 .00
SERIES 2004.5 CLASS PS
3.340
FITM A2
TERM MENT
08/26105 DELIVERED UNITED STATES TREASURY NOTE -68.000.000 68.170.000 .00
DUE 07+31/2007 3.875
3,875 7
FITM A2
TERM ENT
08/26105 INTEREST GOVERNMENT NATIONAL MTO ASSN 2.694.61
SERIES 2004.5 CLASS PS
DUE 02.11 3.340
FITM A2
REPOT
08/26+05 INTEREST UNITED STATES TREASURY NOTE 22.647.59
DUE 07/312=7_ _S.875
FINANCIAL TRUST CO INC
STATEMENT PERK* Jug 30.2005
THROUGH August 31.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT 2UP/ 29.2005
027 090105:13:28 001
CLEARED THROUGH ITS
WHOLLY OtVNE0 SUEIRDIARy
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRACE
DATE DATE TRANSACTION DESCRPRON
08,29105 JOURNAL FEDL NOME LOAN MTG CORPaS10109
SERIES 227 CLASS 10
5,000
FITM AWE TERM MEAT
0849(05 JOURNAL FREOOIE MAC CMO,SERIES 2886
SC4/0 FUR
3,728 1#1 4.19
FITM Al
REPO A
0802945 JOURNAL FREOOIE MAC CMOSERIES 2886
SC4/0 FLTR
3,72831019
FITM A2
TERM AAENT
08029/05 JOURNAL FREOOIE MAC CMO,SERIES 2886
SC4/0 FLTR
3,728 19
FITM A2
TERM ENT
08029/05 INTEREST FEDL HOME LOAN MTG CORPOS 10109
SERIES 227 CLASS 10
DUE Ills 5.000
FITM AZ
REPO I
08029435 INTEREST FREOOIE MAC CMOSERIES 2886
SC4/0 FUR
DUE 07:1 3228
ATM A2
REPO I 110 1
08029/05 INTEREST FREDDIE MAC CMOSERIES 2886
SC4/0 FLTR
DUE 07.6 3.728
ATM A2
REPO I
FINANCIAL TRUST CO INC
STATEMENT PER100 Jug 30.2005
THROUGH August 31.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On Ale
LAST STATEMENT AS/ 29.2005
SYMECIAUSIP PAUCITY OMIT AMOUNT CREDIT AMOUNT
466,211 96.000,00
43249,152
3.393.128 182.030.03
Min 4.856,023 258.000.00
NMI 307.52
324.01
353.10
027 0901 XIS:13:311 001 "895
CLEARED THROUGH ITS
WNW?? OWNED $U89DIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLETAENT
DATE
08,31105
TRADE
DATE TRANSACTION DESCRPTICAT
JOURNAL UNITED STATES TREASURY NOTE
ATM pm A2
4.250 15
TERM REPO AGREEMENT
08,31105 JOURNAL
ATM
4.250
REPO AGREEMENT
UNITED STATES TREASURY NOTE
Al
WANTITT
15.000.000
Men AMMO
15,037,500.00
FINANCIAL TRUST CO INC
STATEMENT PERK* Jul/ 30.2005
THROUGH August 31.2005
ACCOUNT NUMBER
TAXPAYER whiSER On File
LAST STATEMENT Jul/ 29.2005
CREDIT AMOUNT
-20.000.000 20.225.000 .00
08,31105 RECEIVED UNITED STATES TREASURY NOTE
DUE 08/31/2007 4.000
4D00
Al FITM A
RESALE T
68,000.000 68.255.000 .00
0841105 INTEREST UNITED STATES TREASURY NOTE
DUE 08311. 4.250
FRM A2
REPO I
11,925,57
TOTAL $407.995.684.41 $466.948.993.08
MISCELLANEOUS
DATE
I.030AT TRANSACTION
08101105 JOURNAL
DESCRIPTION
FR CMDY NC
DOW AMOUNT CREDIT NADUNI
134,475.00
08102)05 JOURNAL FR CMDY NC 45,575.00
08103/05 JOURNAL FR CMDY NC 29.425 p0
08105.05 JOURNAL FR CMDY NC
0810845 JOURNAL FR CMDY NC
8.673.61
128.764,50
08.0945 JOURNAL FR CMDY NC 83.571,00
027 OltlitIS:13:29 001 $895
CLEARED IHR00GH ITS
WHOM.? OBBSO SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
MISCELLANEOUS (continued)
DATE
MCDDAY TRANSLCTEXI
0811 1105 JOURNAL
DESCRIPTION
FMIA3OYR(FMN)GTO
SETT,08/04
5,500 DUE 08101/34
MBS NET 08/11/05
DEBIT AMOUNT CREDIT AMMO
341,250,00
08/1 1/05 JOURNAL FNMA 30YR OTD
SETT, 08/05
5,000 DUE 08101/35
MBS NET 08/11/05
24,609,37
08/12105 JOURNAL TO CMDY NC 183878,50
owists JOURNAL FR CMDY A/C 163.615,50
0211645 JOURNAL TO CMDY NC
0824/05 JOURNAL
28.494,50
TO CMDY NC MEM 130.387,50
0,82905 JOURNAL JULY 05 CLR FEES PART u 2.450.00
0212905 JOURNAL FR CMDY NC 7,25080
082945 JOURNAL FR CMDY NC 94.837,50
08/30/05 JOURNAL
TOTAL
FR CMDY NC 118947,50
8345,310.50 41,174,993,96
itkl Co
FINANCIAL TRUST CO INC
STATEMENT PERK* Jul/ 30.2005
THROUGH August 31.2005
ACCOUNT NUMBER
TAXPAYER AANMER OII Ale
LAST STATEMENT Jul/ 29.2005
021 09,01A3S:13:29 001 11896
CLEARED THROUGH ITS
INTICtLY OWNED $ORSIOIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
33 c?
Trades Executed Pending Settlement
SETTLEMENT
DATE
TRADE
DATE TRANSACTION DESCRPTION
09/01105 08/31105 BOUGHT UNITED STATES TREASURY N3TE
04.000% FA 28
RUT'
GVER REF # Al
OSVICOS 08111105 BOUGHT FNMA-30YFONMA)GID
SETT,09/05
lailli#006.000%
57230000 BS
09(l COS 08/17105 BOUGHT FNMA-30YR(FNMA)G1D
sErLogros 0. 10005.000% 67170000 BS
0904/05 08/ I W05 BOUGHT FNMA-30YR(FNMA)GID
sErLogros
57060000 BS
09/14105 08/31105 BOUGHT FNMA-30YR(FNMA)GID
SETT 09/05
05,000%
57020000 BS
09/14105 08/03+05 SOLD FNMA-30YFONMAAID
SETT 09/05
05,000%
57150000 BS
09/14105 08/11105 SOLD FNMA-30YR(FNMA)01D
SETT 0905
F 05.000%
57170000 BS
FINANCIAL TRUST CO INC
STATEMENT PERIOD Jul/ 30.2005
THROUGH August 31.2005
ACCOUNT! NUMBER
TAXPAYER KUMMER Ofl File
LAST STATEMENT Juy 29, 2005
STIVEICXXLISS' MAMMY PRICE DEBIT AMOUNT CREC0 AMOUNT
18,000,000.00 100.1171 18,023,082.70
50.000.000 p0 98.1718 49.085.937.50
50.000.000.00 98.3828 49.191.406.25
50.000.000.00 98.4921 49.246.093.75
10.000.000.00 99.0937 9.909.375.00
-10.000.000,00 98.2031 9.820.312.50
-50.000.000 .00 98.1562 49.078.125 .00
027 M01.05:13:28 001
CLEARED THROUGH ITS
yniCu.Y °NIXED SUEINDMAy
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
34 c!
Trades Executed Pending Settlement (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION
09/14105 08/17105 SOLD
0914105 08/19/05 SOLD
0914105 08/03/15 SOLD
0914105 08/03105 SOLD
09/14105 08/15/05 BOUGHT
0914105 08/23/05 BOUGHT
0914105 08/16105 SOLD
DESCRIPTION
FNMA-30YR(FNMA)G1D
SETT.09/05
05,00096
FNMA-30YR(FNMA)610
SETT.09/05
101011106.000%
FNMA-30YR(FNMA)610
SETT.09/105
/1101.05.500%
FNMA 30TRtFNMA)310
SETT,OS 05
lippici5.500%
FNMA-3cnitFNMAAID
SETT 09;05
06.000%
FNMA-30YR(FNMA)G1D
SETT 09/05
06.000%
FNMA-30YR(FNMA)010
SETT 0905
. 06.000%
57090000 BS
FINANCIAL TRUST CO INC
STATEMENT PERM Jul/ 30.2005
THROUGH August 31.2005
AccouNT NUMBER
TAXPAYER WEISER On File
LAST STATEMENT Jut/ 29. 2005
S0.180..CuSP PR CE DEOIT AMOUNT Crag MOUNT
BS
-50.000.000 .00
-50.000.000 ,00
98.3007
98.5507
49.150.390 .63
49.275.390 ,63
BS
-1.000.000,00 100.2851 1.002.851.56
BS
-99.000.000.00 100.2696 99.262.968 .75
BS
50.000.000.00 101.9609 50.980.468.75
BS
50.000.000.00 102.0468 51.023.437.50
BS
-50.000.000 .00 102.0859 51.042,968 .75
027 09,01.05:13:28 001
CLEARED THROUGH ITS
valCu.Nr °mai SUBSCIAAv
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
35 c?
Trades Executed Pending Settlement (continued)
SETTLEMENT TRADE
DATE DATE TRANSACTION
09/14105 08/23105 SOLD
TOTAL
FINANCIAL TRUST CO INC
STATEMENT PERK* JuN 30.2005
THROUGH August 31.2005
ACCOUNT NUMBER
TAXPAYER KAISER On File
LAST STATEMENT JUP/ 29.2005
DESCRIPTION SIIMOOLCuS.P OUANTITY PR CE DEOIT AMOUNT
FNMA-30YR(FNMA)G10
SETT.09/05
lai.06,000%
57140000 BS
-50,000.000.00 102,0937
CREPT AlKuNT
51.046.875.00
1277.459.801.45 $35967968232
Tho above woos m 1101applarinary oil*/ sactI  olihd stalornont
End of Statement
027 09,01'05:13:28 001 Y895
GUARD) THROUGH ITS
yo•oxsy (Hoof.° SUBSIDIARY
BUR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
ACCOUNT EXECUTIVE GNMA GOVT BOND
VISIT OUR WEBSITE vomv.bearstearns.com
What's In This Statement
Financial Summary  3
Your Portfolio Holdings   4
Transaction Detail   7
Trades Not Yet Settled   31
Your Portfolio at a Glance
TOTAL VALUE OF SECURITIES THIS PERIOD
LONG ACCRUED INTEREST
NET CREDIT BALANCE
3,204,048
25,795
11,712
llllllllllllllllll I ll
FINANCIAL TRUST CO INC
0/0 JEFFREY EPSTEIN
6100 RED HOOK QUARTER
STE B3
ST THOMAS VI 00802
Market Value of Your Portfolio
cash & Equivain $359,985
NET EQUITY TIPS PERIOD $3,241,555
NET EQUITY LAST STATEMENT
CHANGE SINCE LAST STATEMENT
3,835,574
-594,020
There are no 'Stop loss' orders or other pending buy
or sell open orders on tile for your account.
Rxecl
Income
204.048
$3.442.68
Current market Sue
NE Last statements market value
Bear SZOS'n5 Secyyt
FINANCIAL TRUST CO INC
STATEMENT PEF000 Jul/ 1.2005
THROUGH Jul/ 29.2005
ACCOUNT NUMBER
TAXPAYER NUMEIER On Fee
LAST STATEMENT June 30.2005
SIK TOT Pang R for offroloholsol pflosts Gay Rasta sltrilled as  domenoN
ststernorg should be Maned TN your words S.. rooms Ws fee npolart ricernHco
027 07/300500:09 00l
CLEARED 'THROUGH RS
WHOLLY OBAED SUBSIDIARY
FINANCIAL TRUST CO INC
2 U132
STATEMENT BACKER IS PRINTED ON THIS PAGE
027 07,3005:10:09 001 V895
CLEARED THROUGH ITS
WHOLLY OWNED SLIEINDMAY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
3 c/ ;t2
Cash Flow Analysis
THIS PEFICO
Income Summary PEFICO YEAS TO DATE
Opening Balance $359,965.49 U.S. Govt. Bond Int. 554.34 a02 4.236.006.89
Govt. Agency Int. 497.289.51 4.609.911.42
Secudties Sold 854,425,255.21 Corp. Bond Int. 175.881.40 968,584.32
Dividends Interest 1,211,189.06 Credit Balance Int. 77900 4,324.51
Miscellaneous 1,113,665.86 Reverse Repurchase Int. 0.00 1.163.243.87
Amount Credited $856,750,110.13 Total $1 228 292.93 $10 982 071.01
Secudties Bought -855,443,996.18 Bond Purchase Int. -491.945.30 -5,640.653.48
Funds Withdrawn -71.745.00 Repurchase Int. Exp. 000 -1.098.448.85
Dividends/Interest Charged 491.945.30
Miscellaneous -1,090.677.37
Portfolio Composition Amount Debited $857.098,363.85
CashtCash Equivalent 11,712
Net Cash Activity -348.253.72
Fixed Income 3.204,048
Closing Balance $11,711.77
Total $3215,760
Cash Balance Summary
OPEtin0 CUZGINO
Margin 359.965.49 11,711.77
Net Cash Balance $359,965.49 $11,711.77
027 07,3000S:10:09 001
FINANCIAL TRUST CO INC
STATEMENT PERK* Jul/ 1.2005
THROUGH July 29.2005
ACCOUNT NUMBER
TAXPAYER Ausa3ER OII File
LAST STATEMENT June 30.2005
Your Portfolio
Allocation
Cash & Equivalenti
1%
Fixed Income
99%
UmPocied crown Pena* 0ell eebnoo onto PNI
male vela, The elaNsaa INNemar Ia de•ued
Iran Vo etnalxe mole rat), oi >vv palkno
CLEARED THROUGH ITS
mow? OwNED $UB9OIAAY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
4 c/ ;t2
Your Portfolio Holdings
CASH & CASH EQUIVALENTS
oTsCRP-iou
CASH BALANCE
TOTAL CASH & CASH EQUIVALENTS $11.712
S•meCLOStP
fAAPKET ESTIMATED Cul:PENT
OuANTITy PACE vALuE NWJAL Inte )E1.0
11.712
FIXED INCOME
Government & Agency Obligations
DESCRIPTION
ACC'
SYFECLOJSP TYPE OLuunly PRICE IAARKET VALLE
ACCRUED
MEREST
ESTMATEO
*NAVAL MOM
CONTENT
YIELD DM
GOVERNMENT NATIONAL MTG ASSN MRGN 14,635.047 5.8146 850.969 13,794 551,741 64.8368
SERIES 2004-035 CLASS SP
DATED DATE 05121/04
BOOK ENTRY ONLY
DUE 12/20/2029 3.770%
FACTOR — .89865757
GOVERNMENT NATIONAL MTG ASSOC MRGN 14,656.693 6.0902 892.616
SERIES 2004-041 CLASS SE
DATED DATE 06123104
BOOK ENTRY ONLY
DUE 05120/2030
FACTOR — .91247898
FEDERAL NATIONAL MTG ASSN MRGN 12,187,256 7.4140 903.557 4.793 431.429 47.7478
SERIES 2003.49 CLASS SW
DATED DATE 04/30/03
BOOK ENTRY ONLY
DUE 01/25/2033 3.540%
FACTOR — .50139372
Total Government& Agency Obligations $2,647.142 $18,587 $983.170
FINANCIAL TRUST CO INC
STATEMENT PERM Jul/ 1.2005
THROUGH Jul, 29.2005
AccouNT NUMBER
TAXPAYER AMBER Cfl File
LAST sTATELIENT June 30.2005
027 07.301Z:10:09 001 VS95
CLEARED THROUGH ITS
WHOM.Y 01VIVE0 SUBSTEHART
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
5 c, ;t2
Your Portfolio Holdings (continued)
Corporate Bonds
DESCITIPTION SHABOLOASP
ACCT
TYPE OLIANTITY PRICE MARKET VALUE
ACCR-TO
MEREST
ESTATE'S)
ANNUAL INCOME
CURRENIT
yet/ IV
ALTERNATIVE LOAN TRUST
SERIES 2004-3008 CLASS I -A-8
DATED DATE 12/27/04
BOOK ENTRY ONLY
DUE 02/25/2035 1.785%
FACTOR — .90874168
RATING: MOODY AM S&P AM
Total CorporateBonds
MRGN 36.349,667 1.5321 556.906
$556.906
7.208
57.208
648,842
5648.842
116.5084
TOTAL FIXED INCOME $3.204.048 525.795 $1.632.012
YOUR PORTFOLIOHOLDINGSACCRUED INTEREST $25.795
YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $1.632.012
YOUR PRICED PORTFOLIOHOLDINGS 53.215.760
FINANCIAL TRUST CO INC
STATEMENT PERIOD Auk, I . 2005
THROUGH Jul, 29. 2005
ACCCUNT NUMBER
TAXPAYER /AMBER On File
LAST STATEMENT June 30.2005
Repurchase and Reverse Repurchase Transactions
with Bear,Stearns& Co. Inc.outstanding as of date of statement
PUROTASE/
START DATE
REPURCHASE
DATE
PR CO/5
PA'S
PURCHASE PRICE/
PRIPICIAAL
ACCRUED REPO
MEREST'
COWEN
(FACE AMOUNT) CUSP DESCRIPTOR
YOU SOW GOVERNMENT NATIONAL MTG ASSOC
(REPO) 06/27/05 OPEN 0.010 -1 -27,112,874 SERIES 2004-30 CLASS 3.7700 02/20/32
YOU SOLD FEDERAL HOME LOAN MTG CORP
(REPO) 06/27/05 OPEN 0.010 -1 -5,724,538 SERIES 2886 CLASS SC 3.9118 07/15/19
YOU SOW FANNIE MAE STRIPS
(REPO) 06/30/05 08/01/05 3.540 -6.373.000 -20.053 -10,000,000 SERIES 352 CLASS PO 07/01/34
021 0740131:10:09 001 11195
CLEARED THROUGH ITS
WHOLLY OWNED SUBSDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
6 c, ;t2
Repurchase and Reverse Repurchase Transactions (continued)
with Bear,Stearns& Co.inc.outstanding as of date of statement (continued)
PLACKASS REPURCHASE PRICING PURCHASE PRICE; ACCRUED REPO OUPARITY
START DATE DATE RAM PAINCPAL MEREST' (FACE AMOUNT) CUSP DESCRIPTION
FINANCIAL TRUST CO INC
STATEMENT PERK* Jul/ 1.2005
THROUGH Jul, 29.2005
ACCOUNT NUMBER
TAXPAYER RAMER On File
LAST STATEMENT June 30.2005
YOU SOLD FANNIE MAE STRIP
(REPO) 06/30/05 08/01/05 3.540 -1,737,000 -5.465 -10,000,000 SERIES 353 CLASS 10 5.0000 07/01/34
YOU SOLD FANNIEMAE STRIP
(REPO) 07/12/05 08/12/05 3.580 -10.686,000 -21,253 -30.000,000 SERIES 329 CLASS PO 12/01/32
YOU SOLD FANNIEMAE STRIP
(REPO) 07/12/05 08/12/05 3.580 -10.120.000 -20,127 -20.000.000 SERIES 346 CLASS PO 11/01/33
YOU SOLD FANNIEMAE STRIP
(REPO) 07/12/05 08/12/05 3.580 -3.562.000 -7.084 -10.000.000 SERIES 329 CLASS PO 12/01/32
YOU SOLD FEDERAL HOME LOAN MTG CORP
(REPO) 07/12/05 08/12/05 3.580 -197.000 -391 -4.000.000 SERIES 2886 CLASS SC 3.9118 07/15/19
YOU SOLD FANNIEMAE STRIP
(REPO) 07/12/05 08/12/05 3.580 -5.060.000 -10.063 -10.000.000 SERIES 346 CLASS PO 11/131/33
YOU SOLD FEDERAL HOME LOAN STRIP
(REPO) 07/12/05 08/12/05 3.580 -3.788.000 -7.533 -20.000.000 SERIES 227 CLASS 10 5.0000 12/01/34
YOU SOW FREDDIEMAC STRIP
(REPO) 07/12/05 08/12/05 3.580 -2.818.000 -5.604 -20.000,000 SERIES 228 CLASS 10 6.0000 02/01/35
YOU SOLD GOVERNMENT NATIONAL MTG ASSOC
(REPO) 07/13/05 08/15/05 3.580 -2.440.000 -4.610 -26.400,000 SERIES 2004-5 CLASS P 3.5200 02/20/33
YOU SOLD FEDERAL NATIONAL MTG ASSOC
(REPO) 07/14/05 08/15/05 3.610 -509.000 -918 -14.000.000 SERIES 2003-52 CLASS 3.6400 07/25/17
YOU PROVIDED FEDERAL NATIONAL MTG ASSOC
(MARGIN) 07/14/05 OPEN 0.000 -11.000.000 SERIES 2003-52 CLASS 3.6400 07/25/17
027 07.30,0S:10:09 001 1,1996
CLEARED THROUGH ITS
WHOLLY 01MNIEO $UB9OIAAY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
7 c/ ;t2
Repurchase and Reverse Repurchase Transactions (continued)
with Bear,Stearns& Co.inc.outstanding as of date of statement (continued)
PLFICNASS REPURCHASE
START DATE DATE
PRICING
RATE
PURCHASE PRICE, ACCRUED REPO
PAINCPAL MEREST'
CAMARITY
(FACE AMOUNT) CUSP DESCRIPTION
FANNIE MAE STRIPS
SERIES 352 CLASS PO 07101/34
FINANCIAL TRUST CO INC
STATEMENT PERK* Jul/ 1.2005
THROUGH Jul, 29.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On Pk
LAST STATEMENT June 30.2005
YOU SOLD
(REPO) 07/18/05 08/18/05 3.630 -13.954,000 -19.698 -23.000,000
YOU PROVIDED
(MARGIN) 07/29/05 OPEN 0.000 -50.000,000
FEDERAL. NATIONAL MTG ASSOC
SERIES 2003-13 CLASS 4.5400 Oa/25.133
YOU SOW
(REPO) 07/29/05 08/29/05 3.720 -96.000 -29 -500,000
FEDERAL. HOME LOAN STRIP
SERIES 227 CLASS 10 5.0000 12/01/34
YOU PROVIDED
(MARGIN) 07/29/05 OPEN 0.000 -9.500.000
FEDERAL. HOME LOAN STRIP
SERIES 227 CLASS 10 5.0000 12/01/34
YOU BOUGHT
(REVERSE) 07/22/05 OPEN
TOTAL REVERSE REPURCHASE TRANSACTIONS
2.640 10.025.000 6.970 10.000.000
USIA 4.1250 05115/15
$10.025.000 $6.970
TOTAL REPURCHASE TRANSACTIONS 5.61.340.002 $-122.828
'As Cl siltrran: <WO
Transaction Detail
INVESTMENT ACTIVITY
SETTLEMENT TRADE
DATE DATE TRANSACTION
07/01/05 06/30/05 SOLD
DESORPTION S10.480...CuSp
UNITED STATES TREASURY NOTE
1040.7.625% JO 30
. MATURITY
OVER REF # 01813788 BI
QUANTITY
.15,000.000
PRCE
99.99770
ACCR. INT.
DEBIT AMOUNT CREDIT WONT
14.999.655.00
1.477.58
027 023001210:09 001
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION OESCRPTION STIA1306'COSP OVANTITY PRICE DEBIT AMOUNT CARON AMOUNT
07/01/05 06/30/05 SOLD UNITED STATES TREASURY NOTE -50.000,000 99.99770 49,998,850.00
03.625% JO 30 ACCR. INT. 4,925.27
MATURITY
GYER REF or G1813788 Al
07/01/05 JOURNAL FEDERAL NATIONAL MTG ASSN ISM -1
SERIES 353 CLASS 2
5.000 DUE 07/01/34
ADJUST POSITION
07/01/05 JOURNAL FEDERAL NATIONAL MTG ASSN -1
SERIES 353 CLASS 2
5.000 DUE 07/01/34
07/05/05 JOURNAL FEDERAL NATIONAL MTG ASSN NMI 1
SERIES 353 CLASS 2
5.000 DUE 07/01/34
07/06/05 07/05/05 SOLD UNITED STATES TREASURY NOTE MEN -15.000.000 100.13281 15,019,92187
04.s25ss Mn IS ACCR. INT. 87,432.07
MATURITY
GYER REF # G1864824 Al
07/06/05 07/05/05 BOUGHT UNITED STATES TREASURY NOTE 6.000.000 99.48828 5,969,296.88
03.600% MN 31 ACCR. INT. 20.655.73
MATURITY
GYER REF # G1864858 Al
07/07/05 07/06/05 SOLD UNITED STATES TREASURY NOTE NMI -10.000.000 100.34375 10,034,375.00
04.126% MN TS ACCR. INT. 59,408.97
0 MATURITY
GYER REF # G1872700 Al
07/11/05 07/08/05 BOUGHT UNITED STATES TREASURY NOTE 15.000.000 100.35156 15.052.734.37
04.126% Mn IS ACCR. INT. 95.839.00
MATURITY
GYER REF # G1894318 Al
027 0740.135:10:09 001 Y895
CLEARED TuRouGH ITS
Ls/Kw, CHIT*/ SUSSIOally
Beer Rev,
FINANCIAL TRUST CO INC
STATEMENT PER100 .88/ 1.2005
THROUGH Jul, 29.2005
ACCOUNT NUMBER
TAXPAYER MAGER On Ale
LAST STATEMENT June 30.2005
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACT/ON
07/11/05 07/08/05 BOUGHT
07/11/05 07/08/05 SOLD
07/12/05 07/11/05 SOLD
07/14/05 06/06/05 CANCEL SELL
07/14/05 06/07/05 CANCEL SELL
07/14/05 06/03/05 BOUGHT
DESCRIPTION
UNITED STATES TREASURY NOTE
DUE 05/31/2007 03,500% MN 31
SPECIAL INSTRUCTIONS
YIELD 3,762 % TO MATURITY
GVER REF it G1893571 A3 WWEB
EMAIXVCUSP
UNITED STATES TREASURY NOTE
DUE 06/30/2007 03,625% JO 30
SPECIAL INSTRUCTIONS
YIELD 3,751 % TO MATURITY
GVER REF # G1893570 A3 WEB
UNITED STATES TREASURY NOTE
04,125% MN IS
MATURITY
GvER REF # G1923743 Al
FNMA 30YR TBA GTD
SETT, 07/05
57140000 BS
AS OF 06/06105
TO C/3. PREVIOUS SELL
FNMA 30YR TBA GTD
SETT, 07/05
001. 1105,000% 57140000 BS
AS OF 06/07105
TO CM. PREvIOLIS SELL
FNMA 30YR TBA GTD
SETT, 07/05
05000%
7110000 BS
cvmany ProcE
28.000.000 99.52344
ACCR. INT.
CLEARED TAIROuGH ITS
miCm.', OM R(' SUBSIMAny
Beer Ster
FINANCIAL TRUST CO INC
STATEMENT PER100 Jul/ 1.2005
THROUGH Jul, 29.2005
ACCOUNT! NUMBER
TAXPAYER NUMBER On FIIB
LAST STATEMENT June 30.2005
DEBIT AMOUNT
27,866,562.50
109,781.42
CREPT AMOUNT
-28,000,000 99.76172
ACCR. INT.
27,933,281.25
30.339.67
-15,000,000 100.01563
ACCR. INT.
15,002,343.75
97,520.38
15,000,000 99.59375 14.939.062.50
15.000.000 99.59375 14.939.062.50
15.000.000 100.21875 15.032.812.50
027 OB3005:10:09 001 Y895
CLEARED THROUGH ITS
mow? MATEO SUBSOMAy
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
10 c!
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTOR
07/14/05 05/06/05 CANCEL SELL
07/14/05 06/23/05 BOUGHT
07/14/05 06/06/05 SOLD
07/14/05 06/07/05 SOLD
07/14/05 06/03/05 CANCEL BUY
07/14/05 05106/05 SOLD
CESCRIMON
FNMA 30YR TBA GM
SETT, 07/05
AS OF 05/06/05
TO CXL PREVIOUS SELL
FNMA 30YR TBA GM
SETT, 07/05
05,000
FNMA 30YR TBA GM
SETT, 07/05
05.000
AS OF 06/06435
FNMA 30YR TBA GM
SETT, 07/05
FNMA 30YA TEA GM
SETT, 07/05
101.11055005
AS OF 06/03105
TO CXL PREVIOUS BUY
FNMA 30YR TBA GM
SETT, 07/05
101101 505.0005
7440000 BS
FINANCIAL TRUST CO INC
STATEMENT PERTOO Mc I . 2005
THROUGH Jul, 29. 2005
AcconT NUMBER
TAXPAYER MAUER On FIIB
LAST STATEMENT June 30.2005
STIMOTOUSIP GUMMY PRICE DEBIT AMOUNT CPI= MONO
BS
30,000,000
30.000.000
98.51953
99.96094
29,555,859.38
29.988.281.25
BS
-15.000.000 99.59375 14,939,062.50
BS
MEI -15.000.000 99.59375 14,939,062.50
BS
-15,000,000 100.21875 15,032,81250
BS
MEI -30,000,000 98.51953 29,555,859.38
027 D7F3005:10:09 001 V895
CLEARED THROUGH ITS
WHOLLY OWNED SUBSTDMAY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
11 Ci K.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACT/ON
07/14/05 06/23/05 CANCEL BUY
07/14/05 05/06/05 CANCEL SELL
07/14/05 05/19/05 BOUGHT
07/14/05 05/23/05 BOUGHT
07/14:05 07,07:05 BOUGHT
07/14/05 05/26/05 CANCEL SELL
OESCRPTION
FNMA 30YR TaA GM
SETT. 07/05
ows1505.000% 7210000
AS OF 06123/05
TO CM. PREVIOUS BUY
FNMA-30YRIFNMAIGTD
591,07105 c6.500%
AS OF 05/06,05
TO CM. PREYICUS SELL
FNMA-30YRIFNMAIGID
SETT,07/06
05,500%
FNMA-30YRIFNMAIGTD
SETT,07.136
FNMA-30YRIFNMAIGTD
SETT,07,05
iii00105.500%
FNMA-30YR(FNMA)GTD
SETT,07105
05,500%
AS OF 0&26/05
TO CM. PREVIOUS SELL
FINANCIAL TRUST CO INC
STATEMENT PERK* JUT/ 1.2005
THROUGH Jul, 29.2005
ACCOUNT NUMBER
TAXPAYER wie3ER Ofl File
LAST STATEMENT June 30.2005
SYMBOLGUSV %Wm PINCE DEW AMOUNT OEM AMOUNT
BS
-30.000,000 99.96094 29,988,281.25
30,000.000 100.51563 30,154,687.50
BS
30,000.000 100.86719 30.260.156.25
BS
30,000.000 101.00000 30.300.000.00
BS
30,000.000 101.11719 30,335,156.25
BS
60,000.000 100.95313 60.571.875.00
BS
027 07.30,0S:10:09 001 "895
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACT/3N
07/14/05 05/06/05 SOLD
07/14/05 05/19/05 CANCEL BUY
07/14/05 05/23/05 CANCEL BUY
07/14/05 07/07/05 CANCEL BUY
07/14/05 05126105 SOLD
07714/05 06/06/05 BOUGHT
DESORPTION
FNMA-30YR(FNMA)OID
tomTh os.500%
FNMA-30YR(FNMA)GTD
SETT.07 05
05.500%
AS OF 05 19,05
TO CXL PREVIOUS BUY
FNMA-30YR(FNMA)GTD
05.500%
AS OF 05/23105
TO C73. PREVIOUS BUY
FNMA-30YR(FNMA)GTD
SETT.07/05
1.1005,50054
AS OF 07/07105
TO C73. PREVIOUS BUY
FNMA-30YR(FNMA)GID
SETT.07t06
05.500%
FNMA 30 YR G10
SETT. 07 05
AS OF 06:0605
CLEARED D4ROuGH ITS
wisCtLY OW,E0 SUEISIOally
Beer Stea,n
FINANCIAL TRUST CO INC
STATEMENT PER100 Jul/ 1.2005
THROUGH Jul, 29. 2005
ACCOUNT NUMBER
TAXPAYER WIDMER OR File
LAST STATEMENT June 30.2005
SYMOOMCUSIP OVANTITY Pma DEIST AMOUNT CREPT AMOUNT
-30.000,000 100.51563 30,154,687.50
BS
-30.000,000 100.86719 30,260,156.25
BS
-30.000.000 101.00000 30,300,000.00
BS
-30.000.000 101.11719 30,335,156.25
BS
NMI 60 000.000 100.95313 60.571.875.00
BS
50,000.000 102.60547 51,302,734.38
BS
02/ 073: Otr:10:03 001 7895
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSICTON
07/14/05 06/03105 CANCEL SELL
07/14105 06/06/05 CANCEL BUY
07/14/05 06/03105 SOLD
07/15/05 07/14/05 SOLD
07/15/05 JOURNAL
07/15/05 JOURNAL
07/18/05 JOURNAL
GUMPTION
FNMA 30 YR GM
SETT, 07/05
06.000%
7070000 BS
AS OF 06/03105
TO CR PREVIOUS SELL
FNMA 30 YR GM
SETT, 07/05
100/0006,0034
57180000 BS
AS OF 0510005
TO CxL PREVICUS ELM
FNMA 30 YR GTO
SETT, 0705
0110.006.000%
57070000 BS
UNITED STATES TREASURY NOTE
04.125% MN IS
0 MATURITY
GVER REF # 61953286 Al
FANNIE MAE CMG/SERIES 2003-52
KS-VO RTR
3,785 DUE 07/2917
ADJUST POSITION
FANNIE MAE CMOtSERIES 2003-52
KS-PO RTR
3.785 DUE 07/25/17
FANNIE MAE CMO/SERIES 2003.52
KS-PO RTR
3.785 DUE 07/25117
CLEARED THROuGH ITS
wHOtLY CAM,E0 SUBSIDIARY
Beer Stea•nt. Se •it' •
FINANCIAL TRUST CO INC
STATEMENT PERK* Jul/ 1.2005
THROUGH Jul, 29.2005
ACCOUNT NUMBER
TAXPAYER ABJURER Cfl File
LAST STATEMENT June 30.2005
SITIOD,GuSro GUMMI/ PRICE DEBIT AMOUNT MO/ A/IOLNT
50,000,000 102.79688 51,398,437.50
MIN -50.000.000 102.60547 51.302.734.38
-50.000.000 102.79688 51.398.437.50
-3.000.000 99.56250 2.986.875.00
ACCR. INT. 20,512.91
MIS -1
-1
02/ 0/ 32 05.101:9 001 Y895
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTKIN OESCRIPTION SYMOOLICUSP OVANTITY PRICE OBIT AMOUNT GRECO AMOUNT
07/20/05 07/19/05 SOLD UNITED STATES TREASURY NOTE -5.000.000 99.14063 4,957,031.25
04,12S% MN IS ACCR. INT. 36,990.49
MATURITY
GYER REF # 62002321 Al
07/20/05 PRINCIPAL GOVERNMENT NATIONAL MTG ASSN ISM -159,999
SERIES 2004-035 CLASS SP
3,940 DUE 12/20/29
PRINCIPAL REDUCTN 07-20-0S
07/20/05 PRINCIPAL GOVERNMENT NATIONAL MTG ASSOC -145,015
SERIES 2004-041 CLASS SE
DUE 05/20/30
PRINCIPAL REDUCTN 07-20-0S
07/22/05 07/21/05 SOLD UNITED STATES TREASURY NOTE -5,000,000 98.93750 4.946.875.00
04,126% MN IS ACCR. INT. 38.111.41
MATURITY
GVER REF # 62025180 Al
07/25/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 118.834.50
SERIES 329 CLASS PO
DUE 01/01/33
STRIP
PAIN RID 06-05 PID 07-25-05
REPO P 8I 0,0000
07/25/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 356.503.50
SERIES 329 CLASS PO
DUE 01101/33
STRIP
PRIN RID 06.05 PA) 07-25-05
REPO P 8I 0,0000
07/25/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN -301,362
SERIES 2003-49 CLASS SW
3685 DUE 01/25/33
PRINCIPAL REDUCTN 07-25-05
CLEARED THRouom ITS
%snort (Am,*0 SUOSIOany
Beer Sean
FINANCIAL TRUST CO INC
STATEMENT PERM Jul/ 1.2005
THROUGH Jul, 29.2005
*scow! NUMBER
TAXPAYER /AJMER On File
LAST STATEMENT June 30.2005
027 M3005:10:09 001 V89S
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION CESCRVTION SY1A3011CUSA' CAPARITI ',FEE DEIST AMOUNT OREM MCUNT
07/25/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 159,318.90
SERIES 348 CLASS 1
DUE 11/01133
PRIN RID 0645 ND 07-25-05
REPO P S i 0,0000
07/25/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 318,637.80
SERIES 346 CLASS 1
DUE 11/01133
PRIN RID 06-05 PM 07-25-05
REPO P S i 0,0000
07,25/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN MIS 219,038.40
SERIES 352 CLASS I
0,001 DUE 07/01/34
PRIN RID 06-05 ND 07-25-05
REPO P S i 0,0000
07/25/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 503,788.32
SERIES 352 CLASS I
0,001 DIE 07/01/34
PRIN RID 06-05 PM 07-25-05
REPO P S i 0,0000
07/2_5/05 PRINCIPAL ALTERNATIVE LOAN TRUST -704£74
SERIES 2004-3008 CLASS I -A-B
1,785 DUE 02/25/35
PRINCIPAL REDUCTN 07-25-05
07/29/05 07/28105 BOUGHT UNITED STATES TREASURY NOTE 20.000.000 99.37220 19,874,440.00
03,625% Jo 30 ACCR. INT. 57.133.15
MAR
GyER REF 62094228 A3
AS OF 07/2845
07/29105 07128/05 BOUGHT UNITED STATES TREASURY NOTE 23.000.000 99.35156 22.850.859.38
03,625% JD 30 ACCR. INT. 65.703.12
MATURITY
GVER REF # 62092992 al
CLEARED THROUGH ITS
/MOLLY OW,E0 SUEISIOally
Beer Stea,n
FINANCIAL TRUST CO INC
STATEMENT PERIOD Jul/ 1.2005
THROUGH Jul! 29.2005
ACCOUNT NUMBER
TAXPAYER KUMMER Cfl Ale
LAST STATEMENT June 30.2005
02/ D7/3005:10:09 001 7895
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
07/29/05
TRADE
DATE TRANSACTION
07/28/05 BOUGHT
DESCRIPTION
UNITED STATES TREASURY NOTE
03,625% TO 30
MATURITY
GVER REF # G2092992 Al
SY/ABOLICUSP COWRY
50,000,000
AC,CR. INT.
PRICE
99.35156
CLEARED THROUGH ITS
WIIC(LY OMED SOSO/AIM
Beer Ner
FINANCIAL TRUST CO INC
STATEMENT PERM Jul/ 1.2005
THROUGH Jul, 29. 2005
ACCOUNT NUMBER
TAXPAYER NuMER On File
LAST STATEMENT June 30.2005
DEBIT AMOUNT
49,675,781.25
142,832.88
CREW' MONO
TOTAL $-530.559.744.69 $536.710.173.30
DEPOSITS AND WITHDRAWALS
DATE WANSACTPX
07/13/05 FND WIRED /ADM
DESER VIER
DATE DESCRIPTION
07/01/05 AVG BAL 425,265RT 2.198
021 OFFICE INTEREST 0605
INTEREST
NOSWIRED TO
N
07/15/05 FEDL HOME LOAN MTG CORP#510109
SERES 227 CLASS 10
DUE 12/01/2034 5,000
INT RID 06.05 PAD 07-15-05
REPO P &I 5.0000
07/15/05 FEDL HOME LOAN MTG CORP#510109
SERES 227 CLASS 10
DUE 12/01/2034 5,000
INT RID 06.05 PA) 07-15-05
REPO P &I 5,0000
SYMEIWCUSIP
MIN
11111.
DEBIT AMOUVT
71.745.00
OIWITTTY RATE N
CREDIT AMOUNT
DEBT AMOUNT CREPT AMOUNT
779.00
5.0000 39.80151
5.0000 79.60703
07/ 0/ 30 0 :IOCiS 00I Y895
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INTEREST (conlinued)
CLEARED THROuGH ITS
viNCtLY CA11,E0 SUOSIOMTiv
Beer Stern !it
FINANCIAL TRUST CO INC
STATEMENT PERK* Jul/ 1.2005
THROUGH Jul, 29.2005
ACCOUNT NUMBER
TAXPAYER MASSER Cfl File
LAST STATEMENT June 30.2005
DATE OESCRIPTION SYMBEIJCUSIP OWARITY RATE 1%) DEBIT AMOUNT CREW AMOUNT
07/15/05 FREDDIE MAC CMO/SERIES 2886 4.0800 12,000.87
SC-/0 FUR
DUE 07/15/2019 4,080
INT FM 06-05 PAD 07-15-05
REPO P 8I 4,0800
07/15/05 FREDDIE MAC CMO/SERIES 2886 1.1111M 4.0800 17.174.86
SC-1/0 FUR
DUE 07/15/2019 4,080
INT RID 0805 PA) 07-15-05
REPO P 8I 4,0800
07/15/05 FEDL HOME LOAN MTG COREUS10110 6.0000 89/98.51
SERES 228 CLASS 10
DUE 02/01/2035 6,000
INT RID 06-05 PAD 07-15-05
REPO P &I 6,0000
07/20/05 GOVERNMENT NATIONAL MTG ASSN 3.6900 54.120.00
SERES 2004-5 CLASS PS
DUE 02/2012033 3.690
INT RID 06-05 PA) 07-20-05
REPO P &I 3,6900
07/20/05 GOVERNMENT NATIONAL MTG ASSN 3.6900 81.180.00
SERES 2004-5 CLASS PS
DUE 02/2012033 3,690
INT RID 06-05 PA) 07-20-05
REPO P 8I 3,6900
07/20/05 GOVERNMENT NATIONAL MTG ASSN MEM 3.9400 80.213.91
SERES 2004-30 CLASS SU
DUE 02/20/2032 3,940
INT RID 0805 PA) 07-20-05
REPO P 8I 3,9400
07/20/05 GOVERNMENT NATIONAL MTG ASSN 3.9400 48,577.07
SERIES 2004-035 CLASS SP
DUE 12/20/2029 3940
INTEREST PAYMENT 0t-20.05
07/20/05 GOVERNMENT NATIONAL MTG ASSOC 48.59814
SERIES 2004-041 CLASS SE
DUE 05/20/2030 0,000
INTEREST PAYMENT 07-20.05
027 07,3005:10:09 001 V895
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INTEREST (continued)
CLEARED THROUGH ITS
vinCtLY (A1T,E0 SUOSIOMTiv
Beer Sown !it
FINANCIAL TRUST CO INC
STATEMENT PER100 Jul/ I . 2005
THROUGH Jul, 29. 2005
ACCOUNT NUMBER
TAXPAYER KAMER Ofl File
LAST STATEMENT June 30.2005
DATE DESORPTION SYMBOAUSIP OUANTITY RATE ICt DEBIT AMOUNT cafP1 AMOUNT
07/25/05 FANNIE MAE CMG/SERIES 2003-13 4.6850 48,392.65
S RCR-VO RTR
DUE 03/25/2033 4.685
INT RID 06-05 PA) 07-25-05
REPO P 8I 46856
07/25/05 FANNIE MAE CMOJSERIES 2003-13 1.1= 4.6850 48.392.65
S RCR-VO RTR
DUE 03/25/2033 085
INT RID 06-05 PA) 07-25-05
REPO P 8I 46856
07/25/05 FEDERAL NATIONAL MTG ASSN 3.6850 38356.92
SERIES 2003-49 CLASS SW
DUE 01/25/2033 3.685
INTEREST PAYMENT 07-25.05
07/25/05 FANNIE MAE CMG/SERIES 2003-52 3.7850 23.816.25
KS-I/O RTR
DUE 07/25/2017 3.785
INT RID 06-05 PA) 07-25-05
REPO P 8I 3.7856
07/25/05 FANNIE MAE CMG/SERIES 2003-52 3.7850 30.311.59
KS-I/0 RTR
DUE 07/25/2017 3,785
INT RID 0605 P/D 07-25-05
REPO P 8I 3.7856
07/25/05 FEDERAL NATIONAL MTG ASSN IMO 5.0000 38.20931
SERIES 353 CLASS 2
DUE 07/01/2034 5.000
INT RID 06-05 PA) 07-25-05
REPO P 8I 5.0000
07/25/05 ALTERNATIVE LOAN TRUST 1.7850 55.137.24
SERES 2004-3008 PASS 1-A-8
DUE 02/25/2035 1.785
INTEREST PAYMENT 07-25-05
TOTAL $834.470.31
027 07,3005:TU09 00I V895
CLEARED THROUGH ITS
WHOLLY OWNED SUBSCIAFW
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
19 C? :€2
Transaction Detail (continued)
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS
with Bear,Stearns& Co. Inc.
SETTLEMENT
DATE
TRNX
DATE TRANSACTION DESCRrION SYMBOLCVSIP aMAITIW DEBIT AMOUNT CREDIT AMOUNT
07/01/05 RECEIVED UNITED STATES TREASURY NOTE 65.000.000 65.162.500.00
DUE 06130/2007 3,625
FITM Al
3,625 0.i7
RESALE T
07/06/05 JOURNAL UNITED EASURY NOTE -13.000.000 13.097.500.00
ATM Al
4,125 15
REPO AGREEMENT
07/06/05 JOURNAL UNITED EASURY NOTE 28.000.000 28.210.000.00
ATM A2
4,125 15
TERM REPO AGREEMENT
07/06/05 RECEIVED UNITED STATES TREASURY NOTE 28.000,000 28.035.000.00
DUE 05131/2007 3,500
3,500 D
FITM AlA
RESALE T
07/06/05 DELIVERED UNITED STATES TREASURY NOTE -34,000.000 34.127.500.00
DUE 05/31/2007 3,500
36 F)101007
FRM00 A2
TERM EE1AENT
07/06/05 INTEREST UNITED STATES TREASURY NOTE MOM 28,304.03
DUE 05/111. 4.125
ATM A2
REPO Mr
07/06/05 INTEREST UNITED STATES TREASURY NOTE 21.149.57
DUE 05/11,20g7_ _3.500
07/07/05 JOURNAL UNITED STATES TREASURY NOTE -3.000.000 3.022.500.00
FINANCIAL TRUST CO INC
STATEMENT PERK* Jul/ 1.2005
THROUGH Jul, 29. 2005
ACCOUNT NUMBER
TAXPAYER WEISER On Ale
LAST STATEMENT June 30.2005
ATM  Al
4.125 15
REPO AGREEMENT
027 07.300S:10:09 001 V895
CLEARED THROUGH ITS
valour MINED $UESIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
20 c!
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT
DATE
07/07/05
TWOS
DATE TRANSACTION
JOURNAL
DESORPTION
UNITED TATES TREASURY NOTE
FIRM A2
4,125 15
TERM REPO AGREEMENT
07/07/05 INTEREST UNITED STATES TREASURY NOTE
DUE 051  4.125
FONT A2
REPO I
07/11/05 JOURNAL UNITED EASURY NOTE
FIRM A2
4,125 15
TERM REPO AGREEMENT
07/11/05 JOURNAL UNITED EASURY NOTE
FIRM Al
4,125 15
REPO AGREEMENT
07/11/05 DELIVERED UNITED STATES TREASURY NOTE
DUE 05+31/2007 3,500
3,50011.7 w
FITM A2
TERM ENT
07/11/05 DELIVERED UNITED STATES TREASURY NOTE
DUE 06+30/2007 3,625
3,625 7
FITM A2
TERM EEMENT
07/11/05 RECEIVED UNITED STATES TREASURY NOTE
DUE 06+30'2007 3,625
3,625 li
FIRM AlA
RESALE T
07/11/05 INTEREST UNITED STATES TREASURY NOTE
DUE 05)10b 4,125
FIRM A2
REPO I
SYMEICIAUSIP OvANiin
13,000.000
DEBIT AMOUNT
13,097,500.00
FINANCIAL TRUST CO INC
STATEMENT PERM Jul/ 1.2005
THROUGH Jul 29.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT June 30.2005
CREDIT AMOUNT
1.055.08
3.000.000 3.022,500.00
-18.000.000 18.090.000.00
-28,000.000 28.035.000.00
-65000000 65.162.500.00
93.000,000 93,116,250.00
1.022.61
027 07.30,0S:10:09 001
CLEARED THROUGH ITS
WHOLLY OWNED $UBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
21 c!
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT
DATE
07/11/05
TMDE
DATE TRANSACTION
INTEREST
DESCRVION
UNITED STATES TREASURY NOTE
DUE 05=2007_ "_3500
07/11/05 INTEREST UNITED STATES TREASURY NOTE
DUE 05=0,7_ 3625
"I"
0711205 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 329 CLASS PO
DUE 0101/33
STRIP
FRM Al
REPOAl
0711205 JOURNAL FEDERAL NATIONAL MT0 ASSN
SERIES 329 CLASS PO
DUE 01101/33
STRIP
TEMMRM RPRIPM AZENT
0711205 JOURNAL FEDERAL NATIONAL MT0 ASSN
SERIES 329 CLASS PO
DUE 01101/33
STRIP
ATM Mr Al
REPO A
0711205 JOURNAL FEDERAL NATIONAL MTS ASSN
SERIES 329 CLASS PO
DUE 0001/33
STRIP
TEMARM RIPIPM AINT
0711205 JOURNAL FANNIE MAE CMOSERIES 2003-13
S FOR
4,886 ilit3
FIRM Al
REPO A
SYMEICIAUSIP OvANiire DEBIT AMOUNT
FINANCIAL TRUST CO INC
STATEMENT PERM Jul/ 1.2005
THROUGH JUN 29.2005
ACCOUNT NUMBER
TAXPAyER WIASER On File
LAST STATEMENT June 30.2005
CREDIT AMOUNT
8,099.00
47.74963
-4.805.740 3.562.000.00
4.805.740 3.652.000.00
.14A17,221 10,686,000.00
14,417,221 11,102,000.00
42,393.489 946000.00
027 07.30,0S:10:09 001 .895
CLEARED THROUGH ITS
valour OwNED $U89DIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
FINANCIAL TRUST CO INC
STATEMENT PERM Job. 1.2005
THROUGH Jul, 29.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT June 30.2005
SETTLEMENT TRADE
DATE DATE TRANSACTION DESORPTION STMBOL,Cvsl, OUANTITY DEBIT AMOUNT CREDIT AMOUNT
07/12/05 JOURNAL FANNIE MAE CMO/SERIES 2003-13 12.393,489 984,000.00
S RCR-I10 FLTR
4,685
FILM RIII0 3,2
TERM MENT
07/12/05 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 346 CUSS 1
DUE IU
FILM C1
REPO
07/12/05 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 346 CUSS 1
DUE I 1
FITM CZ
TERM ENT
07/12/05 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 346 CUSS 1
DUE I 1
FITM A2
TERM ENT
07112;05 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 346 CUSS 1
DUE I 1
FITM !Ili. Al
REPO A
07112;05 JOURNAL FEDL HOME LOAN MTG CORP#S10109
SERIES 227 CUSS 10
5,000
FITM 3.t1.2
TERM MENT
07/12/05 JOURNAL FEDL HOME LOAN MTG CORP#S10109
SERIES 227 CUSS 0
5,000
FITM
REPO  Aft
-6.805.369 5.060.000.00
6,805,369 5,241,000.00
13,610.739 10,000,000.00
.13,610.739 10,120,000.00
18,891.486 3,756,000.00
.18,891 A86 3,788,000.00
027 07.30,0S:10:09 001 VE195
CLEARED THROUGH ITS
WHOLLY OWNED $UB9OIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
FINANCIAL TRUST CO INC
STATEMENT PERK* Mg 1.2005
THROUGH July 29.2005
ACCOUNT NUMBER
TAXPAYER NUMBER OnFIle
LAST STATEMENT June 30.2005
SETTLEMENT TRADE
DATE DATE TRANSACTION DESCRPTICH SYMBOLCVSIP WANinv DEBIT AMOUNT CREDIT AMOUNT
07/12/05 JOURNAL FREDDIE MAC CMO/SERIES 2886 -3.529,667 197,000.00
SC-I/0 FUR
4,080piii#19
FITM AI
REPO
07/12/05 JOURNAL FREDDIE MAC CMO/SERIES 2886
SC-I/O FLTR
4,080 19
FITM AZ
TERM MENT
07/12/05 JOURNAL FEDL HOME LOAN MTG CORMS 10110
SERIES 228 CLASS 13
6,000311.35
FITM BZ
TERM MENT
07/12/05 JOURNAL FEDL HOME LOAN MTG CORMS10110
SERIES 228 CLASS 10
6,000 10135
FITM 81
REPO A
07112/05 JOURNAL UNITED EASURY NOTE
FITM Al
4,125 15
REPO AGREEMENT
07/12/05 JOURNAL UNITED &AWRY NOTE
FITM A2
4,125 15
TERM REPO AGREEMENT
07/12/05 INTEREST FEDERAL NATIONAL MTG ASSN
SERIES 329 CLASS PO
STRIP
DUE 01301 0,000
FITM AZ
REPO I
3,529.667 206,000.00
17,428.411 Z762,000k0
-17,428,411 2.818.000.00
-3.000.000 3,011,250.00
18,000.000 18,090,000.00
8.521.33
027 07.30,0S:10:09 001
CLEARED THROUGH ITS
WHOLLY OWNED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
24 c? €2
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TR;MACRON DESCRPTION SYMEIMICUSIP OVAArrin DEBIT AMOUNT
07/12/05 INTEREST FEDERAL NATIONAL MTG ASSN 33,760.08
SERIES 329 CLASS PO
STRIP
DUE Ol  0.000
FITM AZ
REPO I
0711205 INTEREST FANNIE MAE CMO/SERIES 2003-13
S RCR-1/0 FLTR
DUE 4.685
FITM AZ
REPO I
07/12/05 INTEREST FEDERAL NATIONAL MTG ASSN
SERIES 346 CLASS I
DUE I JO  0.000
ATM CZ
REPO I
07/12/05 INTEREST FEDERAL NATIONAL MTG ASSN
SERIES 346 CLASS 1
DUE IV 0000
FITM AZ
REPO I
07/12/05 INTEREST FEDL HOME LOAN MTG CORP#S10109
SERIES 227 CUSS 0
DUE lap 5.000
FITM AZ
REPO I
0711205 INTEREST FREDDIE MAC CMO/SERIES 2886
SC-U0 FLTR
DUE 07:111 4.080
FITM AZ
REPO I
0711205 INTEREST FEDL HOME LOAN MTG CORP#S 10110
SERIES 228 CLASS 0
DUE 0 6.000
FITM BZ
REPO I
FINANCIAL TRUST CO INC
STATEMENT PERM Jul/ 1.2005
THROUGH Jul/ 29.2005
ACCOUNT NUMBER
TAXPAYERNM/ER On File
LAST STATEMENT June 30.2005
CREDIT AMOUNT
2.991.36
15.932.64
23.333.33
11.418.24
626.24
8.396.48
027 07,3005:10:09 001 7895
CLEARED THROUGH ITS
WHOLLY OWNED $UESIOIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
25 c!
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
FINANCIAL TRUST CO INC
STATEMENT PERM Jul/ 1.2005
THROUGH Juk. 29.2006
ACCOUNT NUMBER
TAXPAYER NLAIIER On File
LAST STATEMENT June 30.2005
SETTLEMENT TRADE
DATE DATE TRANSACTION DESORPTION SYMEICIJCUSIP OVANTITY DEBIT AMOUNT CREDIT AMOUNT
07/12/05
07/13/05
07/13/05
07/13/05
07/14/05
07/14/05
07/14/05
INTEREST
JOURNAL
JOURNAL
INTEREST
JOURNAL
JOURNAL
JOURNAL
UNITED STATES TREASURY
DUE 05/11.
FITM
REPO I
GOVERNMENT NATIONAL
SERIES 2004-5 CLASS
3.690 W3
FITM
REPO A
GOVERNMENT NATIONAL
SERIES 2004-5 CLASS
3.690
I14 FIT 31. 31.2
TERM
GOVERNMENT NATIONAL
SERIES 2004-5 CLASS
FITM
DUE 02:11.
REPO I
FANNIE MAE CMG/SERIES
KS-U0 FUR
3,785
FITM
TERM
FANNIE MAE CMOSERIES
KS-I/0 FUR
3,785 'WI
FITM
REPO A
FANNIE MAE CMO/SERIES
KS-ItO FLTR
RIM3,785
RESALE
NOTE
4,125
A2
MTG ASSN
PS
Al
MTG ASSN
PS
MENT
MTG ASSN
PS
3,690
A2
2003-52
A4
MENT
2003-52
AI
2003-52
Al
MIS
-26.400.000
26.400.000
17,157,930
-7.549A89
9.608.440
1,557.75
2,515,000.00
4.708.64
509.000.00
2.440.000.00
027 07.30,0S:10:09 001 VE195
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
=Pm 26
Transaction Detail (continued)
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)
SEMEMENT TRACE
DATE DATE TRANSACTION DESORPTION
07/14/05 JOURNAL FANNIE MAE CMOiSERIES 2003-52
KS-I/0 FUR
3,785
07/14/05 JOURNAL FANNIE WE CMOSERIES 2003-52
KS-I/O FLTR
3,785 17
FITM AI
REPO A
07/14/05 JOURNAL FANNIE WE CMOSERIES 2003-52
KS-I/O FLTR
3,785 17
FITM A2
REPO A
07/14.:05 JOURNAL FANNIE MAE CMCVSERIES 2003-52
KS-I/0 FLTR
3,785 17
Find AI
REPO A
0715/05 JOURNAL UNITED REASURY NOTE
ATM A2
4125 .15
TERM REPO AGREEMENT
07/15/05 INTEREST UNITED STATES TREASURY NOTE
DUE 053110 4,125
FITM A2
REPO I
07 18 05 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 352 CLASS 1
0,001
FITM WI REPO A
07 18 05 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 352 CLASS 1
0,001
FITM BZ
TERM ENT
STMECLCVSIP
CLEARED THROUGH ITS
wisCI.LY CAM,*0 SUEISIOally
Beer Stea•nt. Se •it' •
FINANCIAL TRUST CO INC
STATEMENT PER100 Jul/ 1.2005
THROUGH Julj 29.2005
ACCOUNT NUMBER
TAXPAYER NUMSER On Flk
LAST STATEMENT June 30.2005
°PARITY DEBIT AMOUNT CREDIT AMOUNT
-9,608,440 509600.00
-9.608A40 509600.00
9.608.440 509,000.00
-9.608.440 509,000 00
3.000.000 3.011,250.00
736.92
-16089645 13.954.000.00
19.089.045 14.345.000.00
027 07/3006:10:09 001 '.89S
CLEARED THROUGH ITS
WHOLLY OWNED $UB9OIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
27 c?
Transaction Detail (continued)
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)
SETTLEMENT TMDE
DATE DATE TRANSACRON DESORPTION
07/18/05 INTEREST FEDERAL NATIONAL MTG ASSN
SERIES 352 CLASS 1
DUE 0710 0.001
FILM 82
REPO I
07/20/05 RECEIVED UNITED STATES TREASURY NOTE
DUE OS/192015 4.125
FIRM4.125 15
AI
RESALE
07/22/05 DELIVERED UNITED STATES TREASURY NOTE
DUE 05/152015 4.125
4.125)1001 E5
RIM A2
TERM EMENT
07/22/05 RECEIVED UNITED STATES TREASURY NOTE
DUE 05+152015 4.125
4.125 SIC
FITM Al
RESALE
07/22105 INTEREST UNITED STATES TREASURY NOTE
DUE Ds/
l
07/28/05 JOURNAL FEDL HOME LOAN MTG CORP#S10109
SERIES 227 CLASS 10
FILM WI REPO A
07/28/05 JOURNAL FEDL HOME LOAN MTG CORP#S10109
SERIES 227 CLASS 10
FS.000ITM 31.C2
TERM ENT
FINANCIAL TRUST CO INC
STATEMENT PER100 Jul/ 1.2005
THROUGH Juit 29.2005
ACCOUNT NUMBER
TAXPAYER WEISER On File
LAST STATEMENT June 30.2005
ME/MCl/SIP OVANTITY DEBIT AMOUNT CREDIT AMOUNT
44,118.84
MI= 5,000,000 5.025.000 00
MIN -5.000.000 5.025.000 00
10.000.000 10,025,000.00
353.15
-9.445743
9,445,743 1,861,000.00
027 07.300S:10:09 001 '.1195
CLEARED THROUGH ITS
valour Coma) $UB9OIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
FINANCIAL TRUST CO INC
STATEMENT PERM Jul/ 1.2005
THROUGH Jul, 29.2005
ACCOUNT NUMBER
TAXPAyER TAJMEER On Ale
LAST STATEMENT June 30.2005
SETTLEMENT TRADE
DATE DATE DINCACDON DESCRPT1CH SYMEMICUSIP WNW', CESIT AMOUNT CREDIT AMOUNT
07/28/05 INTEREST FEDL HOME LOAN MTG CORP#510109 5,123.95
SERIES 227 CLASS IO
DUE I AO 5000
ATM C2
REPO I
07/29/05 JOURNAL FANNIE MAE CMO/SERIES 2003-13
S RCR-110 FLTR
4,540
FIRM 31111I32
TERM MENT
07129/05 JOURNAL FANNIE MAE CM0SERIES 2003-13
S RCR.ItO FLTR
4.540
FRM AI
REPO A
07/29/05 JOURNAL FANNIE MAE CMO/SERIES 2003-13
S RCR.ItO FLTR
FRM .540 Fla n
TERM ENT
07/29/05 JOURNAL FEDL HOME LOAN MTG CORD#510109
SERIES 227 CLASS 0
5,000
FITM 31.42
TERM ENT
07/29/05 JOURNAL FEDL HOME LOAN MTG CORP#510109
SERIES 227 CLASS 10
5,000 .134
ATM Al
REPO A
07/29/05 JOURNAL FEDL HOME LOAN MTG CORP#510109
SERIES 227 CLASS 0
5,000
RP
REPO  A
12.094,423
-24.188,846
12,094.423 946,000.00
9,445,743
-8.973A56
.472,287 96,000.00
027 07.30,0S:10:09 001
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
=Pm 29
Transaction Detail (continued)
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRANSACTION DESCRPRON SYMOCCOUSIP CVANTITY DEBIT AMOUNT CREDIT AMOUNT
07/29/05
07/29/05
07/29/05
DELIVERED
INTEREST
INTEREST
UNITED STATES TREASURY NOTE
DUE 06(30/2007 3,625
3.62510.7 Em
FITM A2
TERM ENT
FANNIE MAE CMO/SERIES 2003-13
S RCR-110 FLTR
DUE Cet 4,540
FITM A2
REPO I
UNITED STATES TREASURY NOTE
DUE 06ile i  i ,625 MEE
-93.000.000
1,599.27
93.116.250.00
132.949.31
TOTAL $-325,376,196.79 $318,091,800.66
MISCELLANEOUS
CLEARED THROUGH ITS
OMP*0 SUEISIOMAY
Beer &ter
FINANCIAL TRUST CO INC
STATEMENT PER100 Jul, 1.2005
THROUGH July 29.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT June 30.2005
DATE
IAODAY TRANSACTION DESCRIPTION DEW AMOUNT CREDIT AMAJUNT
07/01/05 JOURNAL TO CMDY NC 159,218.50
07/05/05 JOURNAL FR CMDY NC 258,350.50
07/06/05 JOURNAL FR CMDY NC 160,897.50
07/08/05 JOURNAL FR CMDY NC 183,564.74
07/11/05 JOURNAL FR CMDY NC 107,686.00
07/13/05 JOURNAL FR CMDY NC 6,430.00
07/13/05 JOURNAL FNMA 30YR IBA GTD 526,171.87
SETT, 07105
5,000 DUE 07/01/35
NIBS NET 07/13105
07/ 0/ 30 0:00:03 001 V89S
CLEARED THROUGH ITS
WIICU.Y OWNED SUB9DIAFW
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
FINANCIAL TRUST CO INC
30 o
Transaction Detail (continued)
MISCELLANEOUS (continued)
DATE
won TRANSACTOR DESCRIPTON DWI AMOUNT CRECIT AMUNT
07/13/05 JOURNAL FNMA-30YR(FNMA)GTD 168,750.00
SER.07/05
5.500 DUE 07101/35
MBS NET 07/13405
07/14/05 JOURNAL FR CMDY NC 11,709.00
07/14/05 JOURNAL FNMA 30YR GTO 95,703.12
SETE 07/05
6.000 DUE 07101/35
MBS NET 07/14/05
07/15/05 JOURNAL TO CMDY A/C  4390.00
07/18/05 JOURNAL FR CMDY NC 66,750.00
07/19/05 JOURNAL FR CMDY NC 50,375.00
07/22/05 JOURNAL JUNE 05CLEAR FEES 1.500.00
07/22/05 JOURNAL FR CMDY NC 104,275.00
07/26/05 JOURNAL TO CMDY NC  23.563.00
07/27/05 JOURNAL FR CMDY NC 3,900.00
07/28/05 JOURNAL FR CMDY NC 64,025.00
07/29/05 JOURNAL TO CMDY NC  207.084.00
TOTAL $.1.090.677.37 51.113.665.86
02?
STATEMENT PERIOD Job. 1.2005
THROUGH Jul/ 29.2005
ACCOUNT NUMBER
TAXPAYER AVEOER On File
LAST STATEMENT June 30.2005
01.300S:10:09 001 WIDS
CLEARED THROUGH ITS
WIICU.Y OWNED $UB901AAY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Trades Executed Pending Settlement
SETTLEMENT TRADE DATE DATE 7RANSACTON DMA mon
08/01/05 07/29/05 BOUGHT
SYMBOL:CUSP
FINANCIAL TRUST CO INC
STATEMENT PERK* Jul/ 1.2005
THROUGH JUT/ 29. 2005
ACCOUNT NUMBER
TAXPAYER NLAMER Ofl File
LAST STATEMENT June 30,2005
°WHY FPoCE DEBIT AMOUNT OREM MIDUNT
UNITED STATES TREASURY NOTE 10.000.000.00 98.7812 9,965,557.07
04.126% MN IS
TY
GVER REF Gi1005081TUA1
oatrims 07/28/05 SOLD UNITED STATES TREASURY NOTE
03.87S% JJ 31
I . O WTUFUTY
OVER REF # G2093006 BI
movos 07/28:05 SOW UNITED STATES TREASURY NOTE
03,87S% JJ 31
0 MATURITY
GVER REF # G2093006 Al
cam /05 07/11/05 BOUGHT FNMA-30YR(FNMA)GTD
SETT,08, 04
~ 05.600%
57110000 BS
cenvos 07/07/05 SOW FNMA-30YR(FNMA)GTD
SETT,08,04
05,500%
57310000 BS
0811/05 07/08/05 SOLD FNMA-30YR(FNMA)GM
sErr.oaro4
05.500% 57250000 BS
08111/05 07/08/05 SOLD FNMA-30YR(FNMA)GTD
SETT,08.04
101.006.600%
57250000 BS
AS CF 070505
-23,000.000.00 99.8046 22.957.500.00
-50.000.000.00 99.8046 49.907.608.70
50.000.000.00 100.8828 50.441.406.25
-30.000.000.00 100.9687 30.290.625.00
-50,000.000.00 100.9609 50.480.470.00
-50,000.000.00 100.9609 50.480.468.75
027 07.30,0S:10:09 001
CLEARED THROUGH ITS
WHOLLY OWNED SIXISCIAAY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
32 c? €2
Trades Executed Pending Settlement (continued)
SETTLEMENT TRADE DATE DATE TRANSACTION CE RPT10,4
08/11/05 07/15/05 SOLD FNMA-30YR(FNMA)GTD
SETT08.04
0 11006.500%
08/11/05 07/29/05 SOLD FNMA-30YR(FNMAJGTD
SETT 08/04
05,500%
08/11/05 07/08/05 CANCEL SELL FNMA-30YR(FNMAJGTD
SETT,08/04
05,500
AS OF 07/08,135
08/11/05 07/21/05 SOLD FNMA 30YR GTD
SETT, 08/05
~ 05,000%
TOTAL
The abc•vr. <0 Inn %Veal m ry on* eeJnn 01 Iftri 1/a/v-nert
End of Statement
FINANCIAL TRUST CO INC
STATEMENT PERKO Jul/ 1.2005
THROUGH Jul, 29. 2005
ACCOUNT NUMBER
TAXPAYER WAXIER On File
LAST STATEMENT June 30.2005
SOA80..00SP OuANTITY PRICE DEMI AMOUNT CREPT RAMO
-30,000.000.00 100.8203 30.246.093.75
BS
-40,000.000.00 100.5078 40,203,125.00
BS
-50.000.000.00 100.9609 50,480,470.00
BS
es
-10,000.000.00 98.5937 9.859.375.00
$110.887.433.32 $284.425.266.20
027 07.300S:10:09 001 Vel%
CLEARED THROUGH ITS
WHOLLY OWNED SUESIOMIty
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
ACCOUNT EXECUTIVE GNMA GOVT BOND
VISIT OUR WEBSIIE wenv.bearstearns.cOm
What's In This Statement ImIgIIIII I II
Financial Summary 3
Your Portfolio Holdings  4
Transaction Detail  8
Trades Not Yet Settled  31
Your Messages  33
FINANCIAL TRUST CO INC
0/0 JEFFREY EPSTEIN
6100 RED HOOK QUARTER
STE B3
ST THOMAS VI 00802
Your Portfolio at a Glance Market Value of Your Portfolio
TOTAL VAWE OF SECURITIES THIS PERIOD 3,442,681
LONG ACCRUED INTEREST 32,928
NET CREDIT BALANCE 359,965
NET EQUITY THIS PERIOD
Cash 8 Equvialent $359•965h 5122.206
Fated
Income
$3.442.681
$3.052.376
MI Current market va:ue
$3,835,574 EN Last statements market value
NET EQUITY LAST STATEMENT 3,201,652
CHANGE SINCE LAST STATEMENT 633,923
There are no 'Stop Loss' orders or other pending buy
or sell open orders on tile for your account.
FINANCIAL TRUST CO INC
STATEMENT PERK* June 1.2005
THROUGH June 30.2005
ACCGCNT NUMBER
TAXPAYER NUMBER On Flk
LAST STATEMENT May 31.2006
SIM 1Wit stiftnata fa ^formational asnyoses only Itasca evaded &sates clowned
This stationed should be retailed for your records See reverse ode for inpolare rtcHnatan
027 07.01.05:10:02 001
Confirmation: Unless we hear
from you to the contrary. it is
our understanding that any
free credit balances in your
account are being maintained
to facilitate your intention to
invest such amounts through
us.
V8931P
CLEARED 'THROUGH ITS
WHOLLY ORAEO SUTTGOMAv
FINANCIAL TRUST CO INC
2 01 34
STATEMENT BACKER IS PRINTED ON THIS PAGE
027 MIMS:10:42 001 Y002IP
CLEARED THROUGH ITS
WUCU.? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
3 Cl :14
Cash Flow Analysis
THIS PERIOD
Income Summary MS PERIOD YEAR TO DATE
Opening Balance $122,205.83 U.S. Govt. Bond Int. 219,620.41 3.681.663.87
Govt. Agency Int. 714.775.88 4.112.621.91
Securities Sold 717,693,800.08 Corp. Bond Int. 197.231.04 792,702.92
Dividends Interest 1,131,949.13 Credit Balance Int. 321.80 3,545.51
Miscellaneous 1,878,994.73 Reverse Repurchase Int. 81,098.16 1.163.243.87
Amount Credited $720,704.743.94 Total $1 213 047.29 $9 753 778.08
Securities Bought -718,737,452.51 Bond Purchase Int. -208.273.77 -5.148,708.18
Dividends/Interest Charged -208,273.77 Repurchase Int. Exp. -215.571.53 -1.098,448.85
Miscellaneous -1,521.258.00
Amount Debited 5.720,466,984.28
Portfolio Composition Net Cash Activity 237,759.66
Cash/Cash Equivalent 359,965
ClosingBatance $359,965.49 Fixed Income 3.442,681
Total 53.802.646
Cash Balance Summary
OPENNO CLOSING
Margn 122,205.83 359,965.49
Net Cash Balance $122205.83 $359,965.49
027 07.019510:42 001
FINANCIAL TRUST CO INC
STATEMENT PERK* June 1.2005
THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER WEIMER On File
LAST STATEMENT May 31.2005
Your Portfolio
Allocation
Cash 8 Equivalent-
I— Fixed Income
91%
Untivaed cone's Oenole debt baboce emit ,  OM
male vela, The elocatir percent'', is Ormed
Iron Vo etnol.te mrkel vSue of ,o to palioo
V893IP
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Your Portfolio Holdings
CASH & CASH EQUIVALENTS
inAPxET ESIIMATED O:AP£M DESCPO')O/1 s•MBCL O-SIP OUANTIT1 PACE eA1.01. Amt,AL NXIIE 'SO I%)
CASH BALANCE 359.965
TOTAL CASH & CASH EQUIVALENTS $359.965
FIXED INCOME
CLEARED THROuGH ITS
wuCtLY CA1T,E0 SUBSIDIARY
Beer Stea•nt. Se •it' •
FINANCIAL TRUST CO INC
STATEMENT PERO) June 1.2005
THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER WINER On File
LAST STATEMENT May 31.2005
Government & Agency Obligations
DESDPICTION ACC.S17/ECLCUSP 1-1q PEACE 'TAPPET VALLE ACCRUED MEREST ESTEEMED ANNUAL NCOEIE
WRIT
VELD O41
GOVERNMENT NATIONAL MTG ASSN MRGN 14.795.046 5.5884 826.803 16.191 582,925 70.5035
SERIES 2004-035 CUSS SP
DATED DATE 05121/04
BOOK ENTRY ONLY
DUE 12/20/2029 3.940%
FACTOR — .90848224
GOVERNMENT NATIONAL MTG ASSOC MRGN 14.801.708 6.7511 999.284
SERIES 2004-041 CLASS SE
DATED DATE 06/2304
BOOK ENTRY ONLY
DUE 05,20/2030
FACTOR - .92150716
FEDERAL NATIONAL MTG ASSN MRGN 12.488.618 7.1598 894.164 6.393 460.206 51.4677
SERIES 2003.49 CLASS SW
DATED DATE 04/3003
BOOK ENTRY ONLY
DUE 01/25.'2033 3.685%
FACTOR - .51379199
027 O7N1MS:1O:42 001
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Your Portfolio Holdings (continued)
Government & Agency Obligations (continual:
OLSCR., 'ION 20a3OLCUSP TIPL °UMW PRICE IAARKET VALUE
ACCRuE0 MEREST
ESTedAREO ANNUAL INCOME
CuRRGVr YELD ITN
FEDERAL NATIONAL MTG ASSN
SERIES 353 CLASS 2
DATED DATE 07/01/04
BOOK ENTRY ONLY
DUE 07/01/2034 5000%
FACTOR — .97992876
Total Government& Agency Obligations
MRGN 1 20.6563
$2,720,251 $22,584 $1,043,131
Corporate Bonds
DESCRIPTION STEMOUOJSP
ACCT
TYPE CIUMITIN PRICE MARKET VALUE
ACCRUED
INTEREST
ESTEEMED
ANNUAL INCOME
CURFEW
YEW
ALTERNATIVE LOAN TRUST
SERIES 2004-3005 CLASS 1-A-8
DATED DATE 12/27/04
BOOK ENTRY ONLY
DUE 02/25/2035 2.010%
FACTOR — .92636353
RATING: MOODY MA S&P MA
Total CorporateBonds
MRGN 37,054,541 1.9496 722.430
$722,430
10,344
$10.344
744,796
$744,796
103.0959
TOTAL FIXED INCOME $3,442,681 $32,928 $1,787,927
CLEARED limouGH ITS
TACITLY CARTED SUODOTAIIT
Beer Star TTI T
FINANCIAL TRUST CO INC
STATEMENT PERMO June 1.2005
THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER Mach On Fae
LAST STATEMENT May 31.2005
YOUR PORTFOLIOHOLDING$ACCRUED INTEREST $32,928
YOUR PORTFOLIONOLDINGSESTIMATED ANNUAL INCOME $1.787.927
YOUR PRICEDPORTFOLIONOLDINGS $3,802,646
027 07MITTIS:10:42 001 WINIP
CLEARED THROUGH ITS
WHOU.Y CAM*0 SUBSIONITY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
6 C/ :14
Repurchase and Reverse Repurchase Transactions
with Bear,Stearns& Co. Inc. outstanding as of date of statement
MMUS& REPURCHASE PRONG PURCHASE PRIES ACCRUED REPO CUANTIn
START DATE DATE RATE PAINCPAL MEREST' (FACE AMOUNT) CUSP DESCRIPTION
FINANCIAL TRUST CO INC
STATEMENT PERK* June 1.2005
THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER NA UER On File
LAST STATEMENT May 31.2005
YOU SOLD FEDERAL NATIONAL MTG ASSOC
(REPO) 06/10(05 07/12/05 3.420 -984,000 -1.963 -25.000,000 SERIES 2003-13 CLASS 4.685603/25133
YOU SOLD FANNIEMAE STRIP
(REPO) 06/10(05 07/12/05 3.420 -11.102,000 -22.148 -30.000,000 SERIES 329 CLASS PO 12/01/32
YOU SOLD FANNIEMAE STRIP
(REPO) 06/10(05 07/12/05 3.420 -5.241,000 -10.455 -10.000,000 SERIES 346 CLASS PO 11/01)33
YOU SOLD FEDERAL HOME LOAN STRIP
(REPO) 06/10(05 07/12/05 3.420 -3.756.000 -7.493 -20.000,000 SERIES 227 CLASS 10 5.0000 12/01/34
YOU SOLD FREDDIEMAC STRIP
(REPO) 06/10/05 07/12/05 3.420 -2.762.000 -5.510 -20.000.000 SERIES 228 CLASS 10 6.0000 02/01/35
YOU SOLD FEDERAL HOME LOAN MTG CORP
(REPO) 06/10/05 07/12/05 3.420 -206.000 -410 -4.000.000 SERIES 2886 CLASS SC 4.0800 07/15/19
YOU PROVIDED FEDERAL NATIONAL MTG ASSOC
(MARGIN) 06/10/05 OPEN 0.000 -25,000,000 SERIES 2003-52 CLASS 3.7856 07/25/17
YOU SOLD FANNIE MAE STRIPS
(REPO) 06/16/05 07/18/05 3.460 -14.345,000 -20.680 -23,000,000 SERIES 352 CLASS PO 07101/34
YOU SOLD FANNIEMAE STRIP
(REPO) 06/17/05 07/12/05 3.360 -3.652,000 -4.771 -10,000,000 SERIES 329 CLASS PO 12/01/32
YOU SOLD FANNIEMAE STRIP
(REPO) 06/17/05 07/12/05 3.360 -10,000,000 -13.066 -20,000,000 SERIES 346 CLASS PO 11/01/33
YOU SOLD USTR 4.1250 05/15/15
(REPO) 06/22/05 OPEN 2.800 -28,210.000 -16.134 -28.000.000
027 07,0105:10:42 001 V891D
CLEARED THROUGH ITS
WHOU.Y OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
7 C/ :14
Repurchase and Reverse Repurchase Transactions (continued)
with Bear,Stearns& Co.inc.outstanding as of date of statement (continued)
MICHAS&
START DATE
RENRCHASE
DATE
PRiCe4
RATE
PURCHASE PRICE;
PRINCPAL
ACCAuE0 REPO
MEREST'
GUMMY
(FACE AMOUNT) CUSP DESCRIPTOR
YOU SOLD GOVERNMENT NATIONAL MTG ASSOC
(REPO) 06/23(05 07/13/05 3.370 -2,515,000 -1.883 -26.400,000 SERIES 2004-5 CLASS P 3.6900 02/20/33
YOU SOLD FEDERAL NATIONAL MTG ASSOC
(REPO) 06/27/05 OPEN 0.010 -1 -25.000.000 SERIES 2003-13 CLASS 4.6856 03/25/33
YOU SOLD GOVERNMENT NATIONAL MTG ASSOC
(REPO) 06/27/05 OPEN 0.010 -1 -27,112,874 SERIES 2004-30 CLASS 3.940002/20/32
YOU SOLD FEDERAL HOME LOAN MTG CORP
(REPO) 06/27/05 OPEN 0.010 -1 -5,724,538 SERIES 2886 CLASS SC 4.0800 07/15/19
YOU SOLD FANNIE MAE STRIPS
(REPO) 06/30/05 08/01/05 3.540 -6,373,000 -626 -10,000,000 SERIES 352 CLASS PO 07/01/34
YOU SOLD FANNIE MAE STRIP
(REPO) 06/30/05 08/01/05 3.540 -1.737.000 -170 -10.000.000 SERIES 353 CLASS 10 5.0000 07/01/34
YOU SOLD FEDERAL HOME LOAN STRIP
(REPO) 06/30/05 08/01/05 3.540 -1.861,000 -183 -10.000.000 SERIES 227 CLASS 10 5.0000 12/01/34
YOU BOUGHT USTR 3.5000 05/31/07
(REVERSE) 06/27/05 OPEN 2.310 34.127500 10,115 34.000.000
TOTAL REVERSE REPURCHASETRANSACTIONS $34.127.500 $10.115
TOTAL REPURCHASE TRANSACTIONS $.92.744.003 S.105.492
•As CC ililtrant arx
FINANCIAL TRUST CO INC
STATEMENT PERKO June 1.2005
THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER PARSER On Fite
LAST STATEMENT May 31.2005
027 MOMS:W:42 001 V8911>
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail
INVESTMENT ACTIVITY
CLEARED 114nouGH ITS
TensEm.Y GUTTED SUBSIDIARY
Beer Sown TT: T
FINANCIAL TRUST CO INC
STATEMENT PERIOD June 1.2005
THROUGH June 30.2005
ACCOUYT NUMBER
TAXPAYER WINGER On File
LAST STATEMENT May 31.2005
SETTLEMENT
DATE
TRADE
DATE TRANSACTION DESCRIPTION STIA3OUCUSV CVATAITITY ProcE DEEM AMOUNT CREDIT MONO
06/01/05 JOURNAL FEDERAL NATIONAL MTG ASSN -1
SERIES 346 CLASS 1
OUE 11/01133
06/02/05 05/27/05 BOUGHT ALTERNATIVE LOAN TRUST MEI 37.701.414 2.15625 812,936.74
SERIES 2004.3008 CLASS 1-A.8 ACCR. INT. 14,734.97
57050000 BS
06/02/05 06/01/05 BOUGHT UNITED STATES TREASURY NOTE MEI 25.000.000 100.07031 25,017,578.13
03,500% MN 31 ACCR. INT. 4,781.42
MATURITY
GVER REF # 01524054 Al
06/03/05 06/02/05 BOUGHT UNITED STATES TREASURY NOTE 40.000.000 101.82813 40,731,250.00
04.125% MN IS ACCR. INT. 85.190.22
MATURITY
GVER REF # G1535384 Al
0610/05 06/09/05 SOLD UNITED STATES TREASURY NOTE -25.000.000 99.73438 24,933,593.75
03.500% MN 31 ACCR. INT. 23,907.10
MATURITY
GVER REF # G1605088 Al
06/13/05 06/10/05 SOLD UNITED STATES TREASURY NOTE MEM -17.000.000 100.89063 17.151.406.25
04.125% MN 15 ACCR. INT. 55,261.55
0 MATURITY
GVER REF # G1642765 Al
AS OF 06/10/05
06/14/05 06/13/05 BOUGHT UNITED STATES TREASURY NOTE EMI 4.000.000 100.34375 4,013,750.00
04.125% MN IS ACCR. INT. 13,451.09
MATURITY
GVER RE? It  G1644185 Al
027 07JOIDIS:10:42 001 Ye9301
CLEARED THROuGH ITS
WITOM.Y GMED SUBSIDIAny
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
9 C/ :14
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION DESORPTION SIOIDOLCUSIP CAMPENTE EKE DENT AMOUNT OREM AMOUNT
06/16/05 06/10105 SOLD UNITED STATES TREASURY NOTE -17,000.000 100.89844 17,152,734.38
e 04.125% MN 15 ACCR. INT. 55,261.54
. 0 MATURITY
GVER REF It 01672882 Al
ORIGINAL SD 06/1305
AS OF 06116,05
06/17/05 06/14/05 SOLD FEDERAL NATIONAL MTG ASSN EMI .10.321.800 81.81250 8.444.522.75
SERIES 329 CLASS PO
STRIP
IWO* 57200000 BS
0617/05 06/14/05 BOUGHT FEDERAL NATIONAL MTG ASSN 13.929.377 82.01563 11.424.265.93
SERIES 346 CLASS 1
57130000 BS
06/20/05 JOURNAL FEDERAL NATIONAL MTG ASSN -1
SERIES 329 CLASS PO
OUE 01/01/33
STRIP
06/20/05 PRINCIPAL GOVERNMENT NATIONAL MTG ASSN 1111M -153,742
SERIES 2004-035 CLASS SF'
4.110 DUE 1212029
PRINCIPAL REDUCTN 06-20-05
06/20/05 PRINCIPAL GOVERNMENT NATIONAL MTG ASSOC -139.052
SERIES 2004-041 CLASS SE
DUE 05 020/30
PRINCIPAL REDUCTN 06-20-05
06 ,22105 06/21/05 SOLO UNITED STATES TREASURY NOTE -20.000.000 100.37500 20.075.000.00
04.125% MN 15 ACCR. INT. 85.190.22
MATURITY
GVER REF # G1722863 Al
FINANCIAL TRUST CO INC
STATEMENT PERKO June 1.2005
THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER WEISER On File
LAST STATEMENT May 31.2005
027 07i01.136:10:42 001 Y893iP
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTOR DESCRIPTION SW00ECUSP OVANTITY PRiCE DEBIT AMOUNT CREPT MASUNT
06/27/05
06/27/05
06/27/05
C6,27/05
C6,27/05
C6,27/05
06/27/05
06/28/05
06/24/05 BOUGHT
PRINCIPAL
PRINCIPAL
PRINCIPAL
PRINCIPAL
PRINCIPAL
PRINCIPAL
JOURNAL
UNITED STATES TREASURY NOTE
03,500% MN 31
. MATURITY
GVER REF # G1753133 Al
FEDERAL NATIONAL MTG ASSN
SERIES 329 CLASS PO
DUE 01/01/33
STRIP
PRIN RID 05-05 PA3 06-25-05
REPO P 8I 0,0000
FEDERAL NATIONAL MTG ASSN
SERIES 329 CLASS PO
DUE 01/01/33
STRIP
PRIN RID 05.05 PA 06-25-05
REPO P 8I 0.0000
FEDERAL NATIONAL MTG ASSN
SERIES 2003-49 CLASS SW
3,910 DUE 01/25/33
PRINCIPAL REDUCTN 06-25-05
FEDERAL NATIONAL MTG ASSN
SERIES 346 CLASS 1
DUE 11/01133
PRIN RID 05-05 PA 06-25-05
REPO P 8I 0,0000
FEDERAL NATIONAL MTG ASSN
SERIES 352 CLASS 1
0,001 DUE 07/01/34
PRIN RID 05-05 PM 06-25-05
REPO P 8I 0.0000
ALTERNATIVE LOAN TRUST
SERIES 2004-3008 CLASS 1-A-8
1,785 DUE 02/25/35
PRINCIPAL REDUCTN 06-25-05
FANNIE MAE CMO/SERIES 2003-13
S RCII-1/0 FLTR
MI=
20.000,000
ACCR. INT.
-244.441
-646.873
99.83594 19,967,187.50
51.639.34
289,16720
298,41823
145,914.10
371.609.85
CLEARED IHROuGH ITS
mEOLLY OUT*0 SODOMITE,
BOW Steam Tir T
FINANCIAL TRUST CO INC
STATEMENT PERIOD June 1.2005
THROUGH June 30.2005
=COURT NUMBER
TAXPAYER MASSER On File
LAST STATEMENT May 31.2005
4,685 DUE 03/25/33
027 070)1,136:10:42 001 I/8931P
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE
06/30/05 06/28/05
06/30/05 06/28105
06/30/05 06/28/05
TRANSACTION
BOUGHT
DESCRIPTION
FEDERAL NATIONAL MTG ASSN
SEAMS 352 CLASS 1
1011.1 500.001%
7180000 BS
SOLD FEDERAL NATIONAL MTG ASSN
SERIES 353 CLASS 2
05.000%
7100000 BS
ACCRUES ON 1ST. PAYS ON 251H
BOUGHT FEDL HOME LOAN MTG CORP#S10109
SERIES 227 U455 10
Qy1AE■
15057.104:1
BS
TOTAL
INTEREST
DATE DESCRPTION
06/01/05 AVG BAL 200,424RT 1.864
021 OFFICE INTEREST 0505
06/15/05 FEDL HOME LOAN MTG CORP#S10109
SERIES 227 CLASS 10
DUE 12/01/2034 5.000
INT RID 05-05 PM 06-15-05
REPO P &I 5.0000
06/15/05 FREDDIE MAC CMCVSERIES 2886
SC-I/O RTR
DUE 07715/2019 LOBO
INT RID 05-05 ND 06-15-05
REPO P &I 4.2100
CLEARED THROuGH ITS
YiliCtLY OW,E0 SUBSIDIARY
Beer Ster T
FINANCIAL TRUST CO INC
STATEMENT PERO) June 1.2005
THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER MANNER On Re
LAST STATEMENT May 31.2005
50.100-.CuSP OtIONTITC Pala DEBIT AMOUNT CROW MONO
8,518,623 83.45313 7,109,057.52
-9,170.234 20.59375 1,888,495.25
ACCR. INT. 36,935.67
9,552,843 21.17188 2.022,516.00
ACCR. INT. 38.476.73
5-111,306,815.59 $91,007,418.84
QUANTITY RATE IPA mot AMOUNT CnEDrl AMOUNT
321.80
5.0000 80,303.34
4.0800 12.618.14
027 ODOIA3S:10:42 001 LOUP
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INTEREST (continued)
CLEARED THRouom ITS
yniCyty OmYEO SUEIROany
Beer Sean
FINANCIAL TRUST CO INC
STATEMENT PERIOD June 1.2005
THROUGH June 30.2005
AccouNT NUMBER
TAXPAYER AMMER On File
LAST sTATEmENT May 31.2005
DATE DESORPTION SYMBOAUSIP PAMIR, RATE BYI DEBIT AMOUNT CREW AMOUNT
06/15/05 FREDDIE MAC CMO/SER1ES 2886 4.0800 18,058.26
SC-VO RTR
DUE 07/15/2019 4,080
INT RID 05-05 Pin 06-15-05
REPO P &I 4.2100
06/15/05 FEDL HOME LOAN MTG CORP#S10110 6.0000 91,828.76
SERES 228 CLASS 10
DUE 02,01/2035 6,000
INT RID 05-05 PA 06-15-05
REPO P &I 6,0000
06/20/05 GOVERNMENT NATIONAL MTG ASSN 1.1111111. 3.8600 56,613.33
SERES 2004-S CLASS PS
DUE 02/20/2033 3,860
INT RID 05.05 PA 06-20-05
REPO P 8I 3,8600
06/20/05 GOVERNMENT NATIONAL MTG ASSN 3.8600 84,920.00
SERES 2004-S CLASS PS
DUE 02/20/2033 3,860
INT RID 05.05 PAI 06-20-05
REPO P &I 3,8600
06/20M5 GOVERNMENT NATIONAL MTG ASSN 4.1100 84.591.78
SERES 2004-30 CLASS SU
DUE 02/20/2032 4,110
INT RID 05-05 PM 06-20-05
REPO P 8I 4,1100
06/20/05 GOVERNMENT NATIONAL MTG ASSN MEW 4.1100 51,199.60
SERES 2004-035 CLASS SP
DUE 12/20/2029 4,110
INTEREST PAYMENT 06-20.05
06/20/05 GOVERNMENT NATIONAL MTG ASSOC MIS 51,172.10
SERES 2004-041 CLASS SE
DUE 05120/2030 0,000
INTEREST PAYMENT 06-20.05
06/27/05 FANNIE MAE CMG/SERIES 2003-13 4.9100 25,851.29
S RTR
DUE 03/25/2033 4,910
INT RID 05-05 PM 06-25-05
REPO P 8I 4,9100
027 07'01MS:10:02 001 Y893IP
BW
STD;RRNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INTEREST (continued)
CLEARED THROUGH ITS
%THOU.? ORY.E0 STICIDO/ARY
Beer Sier
FINANCIAL TRUST CO INC
STATEMENT PERIOD June 1.2005
THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER RUMMER On FM
tar STATEMENT May 31.2005
DATE DESCRPTION SYMIXIXCUSIP OWAMW MEN DEMTAMOUNT CREW AMOUNT
06/27/05 FANNIE MAE CMG/SERIES 2003-13 4.9100 25,851.29
S RCR-MO RIR
DUE 03/25/2033 4.910
INT RID 05.05 PA) 06-25-05
REPOP 8I 4.9100
06/27/05 FANNIE MAE CMCVSERIES 2003-13 4.9100 51.702.58
S RCR-VO RIR
DUE 03/25/2033 4,910
INT RID 05.05 PA) 06-25-05
REPOP 8I 4.9100
06/27/05 FEDERAL NATIONAL MTG ASSN ~I 3.9100 41.488.55
SERES 2003-49 CLASS SW
DUE 01/25/2033 3.910
INTEREST PAYMENT 06-25.05
06/27/05 FANNIE MAE CMG/SERIES 2003-52 ~I 4.0100 58.317.45
KS-RO RIR
DUE 07/25/2017 4.010
INT RFD 05.05 PA) 06-25-05
REPOP &I 4.0100
06/27/05 FEDERAL NATIONAL MTG ASSN 5.0000 77.405.30
SERES 353 CLASS 2
DUE 07/01/2034 5,000
INT RID 05.05 PA) 06-25-05
REPO P 8I 5.0000
06/27/05 ALTERNATIVE LOAN TRUST 1.7850 63.149.48
SERES 2004-30CB CLASS 1-A-8
DUE 02/25/2035 1.785
INTEREST PAYMENT 06-25.05
TOTAL $875,393.05
027 OX0145202 001 MOW
CLEARED IHROuGH ITS
WHOLLY OLWEI> SUBSIDIAny
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
14 0 '31
Transaction Detail (continued)
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS
with Bear,Stearns& Co. Inc.
SETTLEMENT TRMX
DATE DATE TRANSACTION DESCRPTICII SYMEICIJICUSIP OVAMITY CESIT AMOUNT CREDIT AMOUNT
06/01/05
06/01/05
06.01/05
06/02/05
06 02 05
06/02/05
06/03/05
JOURNAL
JOURNAL
JOURNAL
RECEIVED
DELIVERED
INTEREST
JOURNAL
FREDDIE MAC CMO/SERIES 2886
SC-DO FLTR
0,21010.19
FITM A2
TERM MENT
FREDDIE MAC CMOSERIES 2886
SC-VO RJR
4,210 DUE 07/I 5119
FITM F1523444 Al
REPO AGREEMENT
FREDDIE MAC CMO/SERIES 2886
SC-VO RJR
0,210 19
FITM AI
REPO A
UNITED STATES TREASURY NOTE
DUE 05/3I/2007 3,500
3,500 OW
FITM Al
RESALE
UNITED STATES TREASURY NOTE
DUE DWI/2007 3,500
3,50 30. 7
FITM A2
TERM e EEMENT
UNITED STATES TREASURY NOTE
DUE ose3.uoplz"M  _.moo
FREDDIE MAC CMCVSERIES 2886
SC-VO FUR
1,210 DUE 07/15/19
FITM F1523404 A2
TERM REPO AGREEMENT
MI=
8,743,867
-5.147.247
-3.596.620
29.000.000
-54,000.000
5,147,247
29,072,500.00
209,000 00
54.000.000.00
8,445.00
FINANCIAL TRUST CO INC
STATEMENT PERGO June 1.2005
THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER MAGER On File
LAST STATEMENT May 31.2005
027 OTGIEIS:10:42 001 Y8927
CLEARED THROUGH ITS
WUCU.? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
15 0 'm
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
FINANCIAL TRUST CO INC
STATEMENT PERK* June 1.2005
THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT May 31.2005
SETTLEMENT TMDE
DATE DATE TRANSACTION DESCRPRON SYMBOucestp Gummy OW AMOUNT CREDIT AMOUNT
06/03/05 JOURNAL FREDDIE MAC CMCVSERIES 2886 -5.147,247 288,000.00
SC-1/0 FLTR
4,2100.0019
FITM Al
REPO
06 03 05 JOURNAL UNITED EASURY NOTE
FITM A2
4,125 15
TERM REPO AGREEMENT
06 03 05 JOURNAL UNITED EASURY NOTE
FITM Al
4,125 15
REPO AGREEMENT
06/03/05 INTEREST UNITED STATES TREASURY NOTE
DUE 053110. 4,125
FITM A2
REPO I
06/10/05 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 329 CLASS PO
DUE 01101/33
STRIP
FITM REM 02
TERM MEAT
06/10/05 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 329 CLASS PO
DUE 01/01/33
STRIP
FITM AM. Al
REPO
0610;05 JOURNAL FANNIE MAE CMOiSERIES 2003-13
S RCR-I10 FLTR
4,910
FITM WI REPO A
38.000.000 38.095.000.00
78.000.000 79.462.500.00
19.661.25
14.773.724 10.851.000.00
-14,773.724 11.102.000.00
-6.318.034 492.000.00
027 07.01,05:10:42 001 VOIR
CLEARED THROUGH ITS
OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
16 C!
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TWISACRON DESCRPTXR1 SYMECIJICUSIP IXJANTITI DEBIT AMOUNT CREDIT AMOUNT
06/10/05 JOURNAL FANNIE MAE CMO/SERIES 2003-13 6.318.034 525,000.00
S RCR-110 FLTR
4.910
FITMNIP
TERM MENT
06/10/05 JOURNAL FANNIE MAE CMO/SERIES 2003-13 -12.636.068 984,000.00
S RCR-I(0 FLTR
4,910
FITM 1.1
REPO A
06/10/05 JOURNAL FANNIE WE CMCSERIES 2003-13 12.636.068 996.000.00
S RCR-I10 FLTR
4,91031 3
FITM A2
.TERM MENT
06/10/05 JOURNAL FANNIE ME CMO/SERIES 2003-52 MIK .17,451.605
FLTR
4.010 7
FITM Al
lilt
REPO A
06/10/05 JOURNAL FANNIE WE CMO/SERIES 2003-52 17,451.605 1,008,000.00
KS-Ito FUR
4.010 17
FITM A2
TERM ENT
06/10/05 JOURNAL FANNIE MAE CMO/SERIES 2003-52 .17A51.605 1.014.000.00
KS-I/0 FLTR
4.010 17
FITM Al
REPO A
0610/05 JOURNAL FANNIE MAE CMCVSERIES 2003-52 17,451.605 1,014,000.00
KS-I/O FLTR
FINANCIAL TRUST CO INC
STATEMENT PERK* June 1.2005
THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER NLAISER On File
LAST STATEMENT May 31.2005
4 010 17
Flat A2
REPO A
027 07.014510:42 001 VOIR
CLEARED THROUGH ITS
WHOU.Y OMBED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
17 C!
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE DATE DATE TWISACTION DESORPTION
08110/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE 11 FRM A2 TERM ENT
06/10/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 346 CLASS 1 DUE I V ATM CI REPO A
06/10/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU 4.110 3.2 FITM BI REPO A
08110/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN SERIES 2004-30 CLASS SU 4.1103.32 HIM BZ TERM MENT
08110/05 JOURNAL FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS 10 5.000 F1TM WI REPO A
08/10/05 JOURNAL FEDL HOME LOAN MTG CORP#S10109 SERIES 227 CLASS 10 5,000FITM 3. 34C2 TERM MENT
0610,05 JOURNAL FREDDIE MAC CMUSERIES 2886 SC-A3 FUR 4 210 19 HIM Al REPO A
SYMBOLICuStE MAMMY MINT AMOUNT
6.964.688 3.800.000.00
FINANCIAL TRUST CO INC
STATEMENT PERK* June 1.2005
THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER KAISER On File
LAST STATEMENT May 31.2005
CREDIT AMOUNT
.6.964.688 5.241.000.00
-24.698.329 1,297,000.00
24,698.329 1.340.000.00
.19,105.686 3.756.000.00
19,105.686 3,951,000.00
.3.596.620 206,000.00
027 07i01,05:10:02 001 Y89.31R
CLEARED THROUGH ITS
WHOLLY OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
18 cI m
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRANSACTION DESCRPSCR1
06410/05 JOURNAL FREDDIE MAC CMO/SERIES 2886
SC-YO FLTR
4.210111019
FITM AZ
TERM MENT
06/10/05 JOURNAL FREDDIE MAC CMCVSERIES 2886
SC-YO FLTR
4,210 19
FITM AZ
TERM MENT
06/10/05 JOURNAL FREDDIE MAC CMQ SERIES 2886
SC-YO FUR
4.210 11.19
FITM Al
REPO A
06/10/05 JOURNAL FEDL HOME LOAN MTG CORP#510110
SERIES 228 CLASS 0
6,000
FITM 11.31
REPO A
06/10/05 JOURNAL FEDL HOME LOAN MTG CORP#S10110
SERIES 228 CLASS 0
6,000
FITM Filar3Z
TERM MENT
06/10/05 DELIVERED UNITED STATES TREASURY NOTE
DUE 05131/2007 3,500
3,500W 7
FITM A2
TERM e WENT
0610;05 RECEIVED UNITED STATES TREASURY NOTE
DUE 05131/2007 3.500
3 SOO
F
lat Al
RESALE
FINANCIAL TRUST CO INC
STATEMENT PERIOD June 1.2005
THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER NL1M8ER On File
LAST STATEMENT May 31.2005
SYMEICIJICUSIP °UNDID DEBIT AMOUNT CREDIT AMOUNT
3,596,620 209,000.00
5.147,247 288,000.00
-5.147.247 296.000.00
-17,959.702 2.762.000.00
17,959.702 3,000,000.00
-29,000.000 29,072,500.00
54.000.000 54,067,500.00
027 ODOIXIS:10:42 001 WIRIP
CLEARED THROUGH ITS
WHOU.Y OMBED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
19 CI
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRACE
DATE DATE TWISACRON DESCRPRON SYMBOL,CvStP DVANNlY OMIT AMOUNT CREDIT AMOUNT
06/10/05 DELIVERED UNITED STATES TREASURY NOTE -54.000.000 54.067.500.00
DUE 05131/2007 3.500
3.500 DOH
06/10/05 RECEIVED UNITED STATES TREASURY NOTE 54,000.000 54,067,500.00
DUE 05(31/2007 3.500
3.500 7
FITM A3
RESALE
06/10/05 DELIVERED UNITED STATES TREASURY NOTE -54.000.000 54.067,500.00
DUE 05(3I/2007 3.500
3.500 01.K7
FITM A4
RESALE T
06/10/05 RECEIVED UNITED STATES TREASURY NOTE MI= 54.000.000 54.067.500.00
DUE 05/31;2007 3.500
3.500
RIM AS
1111)7
RESALE T
06/10/05 INTEREST FEDERAL NATIONAL MTG ASSN 29.749.82
SERIES 329 CLASS PO
STRIP
DUE Mai" 0,000
RIM OZ
REPO I
06/10/05 INTEREST FANNIE MAE CMO/SERIES 2003-13 721.88
S RCR443 FLTR
DUE 031 4.910
FITM AZ
REPO I
06/10/05 INTEREST FANNIE MAE CMO/SERIES 2003-13 1.911.49
S RCR-I(0 FLTR
FINANCIAL TRUST CO INC
STATEMENT PERK* June 1.2005
THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER NV's:1ER On File
LAST STATEMENT May 31.2005
DUE 03/ 49I 0
RIM AZ
REPO I
027 07JOIA3S:10:42 001 ',SUP
CLEARED THROUGH ITS
WHOU.Y OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TR/MACRON DESCRPRON SYMBOLDVSIP OVANDO DEBIT AMOUNT CREDIT AMOUNT
06/10/05 INTEREST FANNIE MAE CMO/SER1ES 2003-52 2,210.88
KS-I/0 FLTR
DUE 073  4.010
FITM AZ
REPO I
06/10/05 INTEREST FEDERAL NATIONAL MTG ASSN 5.556.44
SERIES 346 CLASS I
DUE 11 0.000
FITM A2
REPO I
06/10/05 INWREST GOVERNMENT NATIONAL MTG ASSN 2.939.07
SERIES 2004-30 CLASS SU
DUE 0Z 4.110
FITM BZ
REPO I
06/10/05 INTEREST FEDL HOME LOAN MTG CORP#S10109 5.777.24
SERIES 227 CLASS 0
DUE 17 . 6.000
FITM CZ
REPO I
06/10/05 INTEREST FREDDIE MAC CMCVSERIES 2886 171.90
SC-I/O FUR
DUE 07:1110 4.210
FITM AZ
REPO I
06/10/05 INTEREST FREDDIE MAC CMCVSERIES 2886 184.24
SC-n3 FUR
DUE 07.01. 4.210
FITM AZ
REPO I
0610105 INTEREST FEDL HOME LOAN MTG CORP#S10110 4.386.67
SERIES 228 CLASS 10
FINANCIAL TRUST CO INC
STATEMENT PERM June 1.2005
THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER AILAITER On Fee
LAST STATEMENT May 31.2005
DUE 0 6000
FITM BZ
REPO1
027 07.01/05:10:42 001 VOIR
CLEARED THROUGH ITS
WHOU.Y OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
21 Ci N
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRANSACTION DESERTION SYMECIJEUSIP WNW, DEBIT AMOUNT CREDIT AMOUNT
06/10/05 INTEREST UNITED STATES TREASURY NOTE 16.918.58
DUE 05e=2001.7_IMP  "_3.500
06/13x05 JOURNAL FANNIE MAE CIAO:SERIES 2003-13 6,318,034
S RCR-Ii0 FLTR
4,910
FITM A2
TERM MENT
06/1=5 JOURNAL FANNIE MAE CMO/SERIES 2003-13 -6318034
S RCR-1/0 FLTR
4,910
FITM At
REPO A
06/1=5 JOURNAL GOVERNMENT NATIONAL MTG ASSN 26.400.000
SERIES 2004-5 CLASS PS
3,860
FITITA
TERM ENT
06/13/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN MIK 26.400.000 2.000.000.00
SERIES 2004-5 CLASS PS
3,860
FITM Bi
REPO A
06.(13/05 JOURNAL UNITED TATE TREASURY NOTE -61.000.000 61.152.500.00
FITM Al
4,125 15
REPO  AGREEMENT
06/13M5 JOURNAL UNITED TATES TREASURY NOTE 78.000.000 79,462,500.00
FITM A2
4,125 15
TERM REPO AGREEMENT
06113x05 INTEREST UNITED STATES TREASURY NOTE 30,681.35
FINANCIAL TRUST CO INC
STATEMENT PERK* June 1.2005
THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER WhISER On Fite
LAST STATEMENT May 31.2005
DUE 051 lli 4.125
FITM A2
REPO I
027 07,0105:10:42 001 VOIR
CLEARED THROUGH ITS
WHOU.Y OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
22 Ill
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS
SETTLEMENT
DATE
06/14/05
TATDE
DATE TRANSACTION
JOURNAL
DESCRPOCH
UNITED TATES TREASURY NOTE
FITM A2
4,125 15
TERM REPO AGREEMENT
(continued)
06/14/05 JOURNAL UNITED FILM
4,125
REPO AGREEMENT
EASURY NOTE
Al
06/14/05 INTEREST UNITED STATES TREASURY NOTE
DUE 051 4,125
ATM A2
REPO I
06/16/05 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 329 CLASS PO
DUE 01101/33
STRIP
ATM Jim CI
REPO A
06 ,1665 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 329 CLASS PO
DUE 01101/33
STRIP
ATM REM EZ
TERM MENT
06 ,1665 JOURNAL FANNIE MAE CMOSERIES 2003-13
S RCR-00 FUR
4,91030 . 3
ATM A2
TERM MENT
06 ,16 ,05 JOURNAL FANNIE MAE CMOSERIES 2003-13
S RCR-I/0 FUR
4,910 IN
F1TM A3
REP  OSA
FINANCIAL TRUST CO INC
STATEMENT PERIOD June 1.2005
THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER NLAISER On Fite
LAST STATEMENT May 31.2005
STMISOLCvSty CAJNOITY DEBIT AMOUNT CREDO AMOUNT
61.000,000 61,152,500.00
-65.000,000 65.081.250.00
2,072.39
SIM -15,246,375 11,253,000.00
15,246,375 11.334.000.00
6,318,034
MIS -6.318.034
027 MOMS:10:42 001 T89.31P
CLEARED THROUGH ITS
YiHOLLY OMED SUOSIDIAny
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
23 c! '31
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TWISACKIN DESCRP111711
06/16/05 JOURNAL FANNIE MAE CMOiSERIES 2003-13 S RCR-I/0 FLTR 4,910m r FITM Al REPO 06/16/05 JOURNAL FANNIE MAE 
CMO/SERIES 2003-13 S RCR-I/0 FLTR 4,910 FITM
REPO A 06/16/05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 352 CLASS 1 0,001 FITM BI REPO A 06/16/05 JOURNAL FEDERAL 
NATIONAL MTG ASSN SERIES 352 CLASS 1 0,001
FITM DZ TERM MENT 06 16 05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 FITM 1.3 REPO P. 06,1605 JOURNAL 
FEDERAL NATIONAL MTG ASSN SERIES 353
CLASS 2 5,000 ..34 FITM Al
REPO A 06,16,05 JOURNAL FEDERAL NATIONAL MTG ASSN SERIES 353 CLASS 2 5,000 FITM WA2 REPO A
SYMBOL:Cl/SIP
FINANCIAL TRUST CO INC
STATEMENT PERIOD June 1.2005 THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER NLAISER On PIM LAST STATEMENT May 31.2005
OUNYTITY 01931T AMOUNT CREDIT AMOUR'
-6.318,034 507,000.00
6.318,034 507,000.00
-19.592.834 14,345,000.00
19,592.834 14.434.000.00
-18,340.469 2.700.000.00
-18,340.469 3.703.000.00
18,340.469 3,703,000.00
027 07i01.135:10:42 001 Y893iP

╭───────────────────── Page 141, Image 1 ─────────────────────╮
│ OFFICE SERVICING YOUR ACCOUNT                               │
│                                                             │
│ STEARNS                                                     │
│                                                             │
│ 2a ase                                                      │
│                                                             │
│ Transaction Detail (continued)                              │
│                                                             │
│ REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS | (continued │
│                                                             │
│ —                                                           │
│ FINANCIAL TRUST GOING                                       │
│                                                             │
│ "HYPAVER NUMBER On Fle                                      │
│                                                             │
│ os Tes JOURNAL FANNIE MAE CHOSERIES 2008-13                 │
│                                                             │
│ ‘oeitéi05 “ToURNA FANNIE MAE CMOISERIES “2003-13            │
│ S Romo FLIR                                                 │
│                                                             │
│ 28r0                                                        │
│ Fi. me                                                      │
│ PAG                                                         │
│                                                             │
│ ui                                                          │
│                                                             │
│ SEAS 952 CLASS 1                                            │
│ Soap                                                        │
│ Fi ca                                                       │
│                                                             │
│ ‘oBTeIOs “TOURNAL FEDERAL NATIONAL Mii ASSN                 │
│ SEAS 952 CLASS 1                                            │
│                                                             │
│ Soap                                                        │
│ Fi ‘tz                                                      │
│ TERM RO RREEMENT                                            │
│                                                             │
│ ‘oeitéi05 “ToURNA FEDERAL” NATIONAL MTG ASSN                │
│ SEAS 253 CLASS 2                                            │
│                                                             │
│ ‘oBTeIOs “TOURNAL FEDERAL NATIONAL Mii ASSN                 │
│ SERIES 953 CLASS 2                                          │
│ S000                                                        │
│                                                             │
│ Fin. fo                                                     │
│                                                             │
│ oaliaias" “oui FEDERAL NATIONAL its KSSH                    │
│ SEAS 953 CLASS 3                                            │
│ S.o00                                                       │
│ Fi                                                          │
│ POAG                                                        │
│                                                             │
│ fe                                                          │
│                                                             │
│ 18,034                                                      │
│                                                             │
│ 18.840 469                                                  │
│                                                             │
│ 8'S40;469                                                   │
│                                                             │
│ {8.340469 3,708,000.00                                      │
│                                                             │
│ e8i8038 '507-000.60                                         │
│                                                             │
│ 181582,834 ‘(4.434'500.00                                   │
│                                                             │
│ 507,000.00                                                  │
│                                                             │
│ S760.000.65                                                 │
│                                                             │
│ ‘S76 000.6                                                  │
╰─────────────────────────────────────────────────────────────╯

B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
=Pm 24
Transaction Detail (continued)
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)
SETTLEMENT TRACE
DATE DATE TWC3ACRON DESCRPRON
06/16/05 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 353 CLASS 2
5,000
F CZ
TERM MENT
06,16i05 JOURNAL UNITED EASURY NOTE
FITM AI
4,125 15
REPO AGREEMENT
06 16 05 JOURNAL UNITED EASURY NOTE
FITM A2
4,125 15
TERM REPO AGREEMENT
06/1&05 INTEREST FEDERAL NATIONAL MTG ASSN
SERIES 329 CLASS PO
STRIP
DUE 013.01 0.000
FITM EZ
REPO I
06/16/05 INTEREST FEDERAL NATIONAL MTG ASSN
SERIES 352 CLASS 1
DUE 07 0001
FITM DZ
REPO I
06/16/05 INTEREST FEDERAL NATIONAL MTG ASSN
SERIES 353 CLASS 2
DUE 07.0 5.000
FITM CZ
REPO I
06/16(05 INTEREST UNITED STATES TREASURY NOTE
DUE 051 4025
FITM R2
REPO I
CLEARED THROuGH ITS
wisCtLY EAM,E0 SUEISIOally
Beer Steam. Se •it' •
FINANCIAL TRUST CO INC
STATEMENT PEF000 June 1.2005
THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER WEISER OR He
LAST STATEMENT May 31.2005
STMECL,CVSIP DEBIT AMOUNT CREDIT AMOUNT
18,34°4°1'110,46i; 3,844,000.00
-48.000,000 48.060.000.00
65,000.000 65.081.250.00
32,109.85
40.892.32
10.890.27
5,260.73
027 01i01,06:10:42 001 V893IP
CLEARED THROUGH ITS
INHOU.Y 01M*0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
25 c131
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
FINANCIAL TRUST CO INC
STATEMENT PERK* June 1.2005
THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER WhISER On File
LAST STATEMENT May 31.2005
SETTLEMENT MIX
DATE DM TWCACRON DESORPTION SYMEICIJCUSIP WAWITY DEBIT AMOUNT CREDIT AMOUNT
06/17/05 JOURNAL FEDERAL NATIONAL MTG ASSN -4,924,574 3.652.000.00
SERIES 329 CLASS PO
DUE 01101/33
STRIP
ATM INF  Al
REPO A
06/17/05 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 329 CLASS PO
DUE 01101/33
STRIP
FITM
C2
TERM FOIMPAENT
06/17/05 JOURNAL FANNIE MAE CMO/SERIES 2003-52
KS-I/0 FUR
4,010 17
FITM A2
TERM ENT
06/17/05 JOURNAL FANNIE MAE CMO/SERIES 2003-52
KS-I/0 FUR
4,010 7
FITM A3
TERM MENT
0617/05 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 346 CLASS
DUE I 1
FITM MIR A3
REPO A
06;17/05 JOURNAL FEDERAL NATIONAL IvITG ASSN
SERIES 346 CLASS
DUE II
FITM  Al
REPO A
06/17/05 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 346 CLASS 1
DUE lila.
FITM A2
REPO A
15,246.375 11.253.000.00
17,451,605
-17451.605
-13929377 10.000.000.00
-13,929377 10.342.000.00
13.929,377 10,342,000.00
027 07,0105:10:42 001 VOIR
CLEARED THROuGH ITS
WHOLLY OLWEI> SUOSIDIAny
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
26 ci '31
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRACE
DATE DATE TRANSACTION DESCRPTION SYMEICMCUSIP CVANTITY OEINT AMOUNT
06/17/05 INTEREST FEDERAL NATIONAL MTG ASSN 1,081.54
SERIES 329 CLASS PO
STRIP
DUE 013101 0,000
FITM C2
REPO I
06/22(05 JOURNAL UNITED EASURY NOTE
FITM Al
4,125 15
REPO AGREEMENT
06/22(05 JOURNAL UNITED T EASURY NOTE
FITM A2
4,125 15
TERM REPO AGREEMENT
06/22(05 INTEREST UNITED STATES TREASURY NOTE
DUE 0531111 4,125
FITM A2
REPO I
06/23/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN
SERIES 2004-5 CLASS PS
3,690 •
FITM 82
TERM MENT
06/23/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN
SERIES 2004.5 CLASS PS
3.690
FITM Al
REPO A
06/23/05 INTEREST GOVERNMENT NATIONAL MTG ASSN
SERIES 2004-5 CLASS PS
DUE 02/10 3,690
ATM 82
REPO I
06/27/05 JOURNAL FANNIE MAE CMOSSERIES 2003-13
S RCR-I/0 FLTR
4,910
FITM INCI14
TERM ENT
FINANCIAL TRUST CO INC
STATEMENT PERGO June 1.2005
THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT May 31.2005
CREDIT AMOUNT
-28.000.000 28.210.000.00
48,000.000 48.060.000.00
10.439.70
26.400.000 2.000.000.00
-26.400.000 2.515.000.00
1.872.22
6.196.744
027 07GIEIS:10:42 001 Y893E
CLEARED THROUGH ITS
yalCu.Y OmED SUBSIDIAny
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
27 131
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRANSACTION DESCRPRON
06/27/05 JOURNAL FANNIE MAE CMOiSERIES 2003-13
S RCR-I(0 FLTR
4,910Amr
FITM 81
REPO
06/27/05 JOURNAL FANNIE MAE CMOSERIES 2003-13
S RCR-I(0 FLTR
4,910
FITM 31.2
TERM MENT
06/27/05 JOURNAL FANNIE MAE CMOSERIES 2003-13
S RCR-I10 FLTR
4,910)0 . 3
FITM A2
TERM MENT
06/27/05 JOURNAL FANNIE MAE CMO/SERIES 2003-13
S RCR-I0 FLTR
4,910M
RIM A E S
TERM ENT
06/27/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN
SERIES 2004.30 CLASS SU
3,940 all#32
FIRM C1
REPO A
06/27/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN
SERIES 2004.30 CLASS SU
3,94031.1
FITM 82
TERM ENT
0627/05 JOURNAL FREDDIE MAC CMO/SERIES 2886
SC-VO RJR
4 0
Firm80
REPO A
Al
SYMBOLCvSp
FINANCIAL TRUST CO INC
STATEMENT PERIOD June 1.2005
THROUGH June 30.2005
AccouNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT May 31.2005
CUMIN) , DEBIT AMOUNT CREOr AMOUNT
-12.393A89
6.196.744 492,000.00
12.393.489 984,000.00
-12,393A89 984,000.00
-24,430.632
24,430.632 1,297,000.00
-5.051,428
027 MOMS:10NQ 001 Y893ip
CLEARED THROUGH ITS
WUCU.? OMBED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
28 c1 m
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRANSACTION MERVIN:1H SYMEMICUSIP OUNYTIN DEEM AMOUNT CREDIT AMOUNT
06/27/05 JOURNAL FREDDIE MAC CMO/SERIES 2886 5,051,428 296,000.00
SC-/0 FLTR
4,080314p r
FITM A2
TERM MENT
06.+27/05 RECEIVED UNITED STATES TREASURY NOTE 34,000.000 34,127,500.00
DUE 05+31/2007 3,500
3,500 7
REM Al
RESALE
T
06/27/05 DELIVERED UNITED STATES TREASURY NOTE -54,000.000 54.067,500.00
DUE 05+3I/2007 3,500
3,500a7
FITM A6
TERM EMENT
06/27/05 INTEREST FANNIE WE CMO/SERIES 2003-13 794.58
S RCRA+0 FLTR
DUE 03ii+ll 4,910
FITM A2
REPO I
06/27/05 INTEREST FANNIE MAE CMO/SERIES 2003-13 1.589.16
S RCRA+0 FLTR
DUE 03:1101. 4,910
FITM A2
REPO I
06/27/05 INTEREST FANNIE MAE CMO/SERIES 2003-13 NMI 1,589.16
S RCRA+0 FLTR
DUE 4,910
FRM A3
REPO I
0627/05 INTEREST GOVERNMENT NATIONAL MTG ASSN 2.094.66
SERIES 2004.30 CLASS SU
DUE 02i 3.940
ATM 62
REPO I
027 07.01,0510:42 001 VOIR
FINANCIAL TRUST CO INC
STATEMENT PERIOD June 1.2005
THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER KAISER On File
LAST STATEMENT May 31.2005
CLEARED THROUGH ITS
WHOU.Y OBBED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
29 ci
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRAM3ACRON DESCRITTON SYME/CIAUSIP QUANTITY DEBIT AMOUNT CREDIT AMOUNT
06/27/05 INTEREST FREDDIE MAC CMO/SERIES 2886 478.04
SC-YO FUR
DUE 073.0 4.080
FITM A2
REPO I
062725 INTEREST UNITED STATES TREASURY NOTE MEM 55.734.58
DUE 09 3,500
FITM A6
RESALE
0&30;05 JOURNAL FEDERAL NATIONAL MT2 ASSN -8.518.623 6.373.000.00
SERIES 352 CLASS 1
0,001
FITM W31
REPO A
0&30105 JOURNAL FEDERAL NATIONAL MT2 ASSN -9.170234 1.737.000.00
SERIES 353 CLASS 2
5,000
FITM WI REPO A
0620/05 JOURNAL FEDERAL NATIONAL MT2 ASSN SIM 18,340.469 2,700,000.00
SERIES 353 CLASS 2
5,000
FITM A4 TERM MENT
0620135 JOURNAL FEDL HOME LOAN IvITG CORP#S10109 -9.552.843 1,861,000.00
SERIES 227 CLASS 13
5,000 II
Find C1
REPO A
0&30:05 INTEREST FEDERAL NATIONAL IvITG ASSN 3.633.00
SERIES 353 CLASS 2
DUE 07.0i. 5.000
FITM A4
REPO i
TOTAL $-607.638.910.69 $626.942.937.32
FINANCIAL TRUST CO INC
STATEMENT PERK* June 1.2005
THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER NUMSER On File
LAST STATEMENT May 31.2005
027 07'014S:10:42 001 M2931P
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
MISCELLANEOUS
DATE
MOM TPAISMTITN DESCRIPTION
06/01/05 JOURNAL TO CMDY NC
DEBIT AMOUNT CREW AMOUNT
203,925.00
06/02/05 JOURNAL TO CMDY NC  469,445.00
06/03/05 JOURNAL FR CMDY NC
06/07/05 JOURNAL FR CMDY NC
ostosros JOURNAL TO CMDY NC
0610/05 JOURNAL FR CMDY NC
06/13/05 JOURNAL FR CMDY NC
570,183.00
35,468.23
0614/05 JOURNAL
88.767.00
144,391.50
897,315.00
TO CMDY NC 130,858.50
0615/05 JOURNAL TO CMDY NC  79.985.00
06/16/05 JOURNAL FR CMDY NC
06/17/05 JOURNAL TO CMDY NC
06/21/05 JOURNAL FR CMDY NC
06/23/05 JOURNAL TO CMDY NC  317,653.00
06/24/05 JOURNAL FR CMDY NC a
06/28/05 JOURNAL MAY 05CLEARING FEES
06/29/05 JOURNAL FR CMDY NC
06/30/05 JOURNAL FR CMDY NC MN
TOTAL
6,611.00
228,374.50
42,660.00
6,065.00
2,250.00
75,990.50
100,310.50
$--1,521,258.00 $1.878,994.73
CLEARED THROUGH ITS
YTTICLLY ODT*0 SONO/ARV
Reel Siea'n
FINANCIAL TRUST CO INC
STATEMENT PERMO June 1.2005
THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER PURSER OR FM
LAST STATEMENT May 31.2005
021 OZOIMS:10:42 001 WINIP
CLEARED THROUGH ITS
INHOU.Y OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Trades Executed Pending Settlement
SETTLEMENT TRADE DATE DATE TRANSMIlal
07/01/05 06/30/05
07/01/05 06;30/05 SOLD
07/14/05 06/03/05 BOUGHT
07/14/05 G6/23,05 BOUGHT
07/14/05 05106:05 SOLD
07114105 G6.06:05 SOLO
07/14/05 06/07/05 SOLD
DESORPTION
UNITED TATES TR U YN
03.62514.1D 30
GVER REF # Gi813781181
UNITED STATES TREASURY NOTE
03,625% JD 30
1-L . 0 MATURITY
OVER REF # G1813788 Al
FNMA 30YR TBA GTD
SETT, 07x05
~ 05,000%
57110000 BS
FNMA 30YR TBA GTD
SETT, 07105
000005.000% 57210000 BS
FNMA 30YR TBA GTD
SETT, 07105
05.000%
57440000 BS
FNMA 30YR TM GTD
SETT, 07+05
57140000 BS
AS OF 06+0605
FNMA 30YR TBA GTD
SETT, 07/05
57140000 BS
FINANCIAL TRUST CO INC
STATEMENT PERK* June 1.2005
THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER NUMBER OII File
LAST STATEMENT May 31,2006
SYMBOL/RUM' OHNTITY EPoCE DEBT AMOUNT OREM APADUNT
-15.000,000.00 99.9977 15,001,1 .58
-50,000.000.00 99.9977 50.003.775.27
11111 15,000,000.00 100.2187 15,032,812.50
30,000,000.00 99.9609 29,988,281.25
-30.000.000.00 98.5195 29.555.859.38
BIM -15,000.000.00 99.5937 14.939.062.50
-15,000.000.00 99.5937 14.939.062.50
027 07,0105:10:42 001 VOIR
B
STURUR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
32 c?
Trades Executed Pending Settlement (continued)
SEGIEMENT DATE TRADE DATE TRANSACTION
07/14/05 06/07/05 CANCEL SELL
07/14,05 05/19/05 BOUGHT
07/14/05 05/23/05 BOUGHT
07/14/05 05/06/05 SOLD
07/14/05 05/26/05 SOLD
07/14/05 06/06,05 BOUGHT
DESCAPIION
FNMA 30YR TM GTE)
SETT, 07/05
10141/105,000%
57140000 BS
AS OF 06/07/05
FNMA-30YR(FNMA)GTD
SETT,07/06
111.11 105,500%
57050000 BS
FNMA-30YR(FNMA)GTD
SETT,07/06
10.005,500%
57100000 BS
FNMA-30YR(FNMA)GTD
SETT,07/06
10101.06,500%
57450000 BS
FNMA-30YR(FNMA)GTD
SETT 07/06
05,500%
57180000 BS
FNMA 30 YR GTO
SETT, 07105
57180000 BS
AS OF 06/06106
CLEARED THRouGH ITS
meaty', OMYED SURSICally
Beer Mar yi
FINANCIAL TRUST CO INC
STATEMENT PERIOD June 1.2005
THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER WEISER On File
LAST STATEMENT May 31.2005
a/MO.EGSP GUANTITY PRCE DENT AMOUNT CREPT MhauNT
-15,000,000.00 99.5937 14,939,062.50
30000000.00 100.8671 30,260,156.25
MIN 30000000.00 101 30200,000.00
11111 -30.000.000.00 1005156 30.154.687.50
-60.000.000.00 100.9531 60.571.875.00
11111 50.000.000.00 102.6054 51.302.734.38
027 07'01MS:10:02 001 Y0931P
CLEARED THROUGH ITS
INHOU.Y ow•co SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
33 c?
Trades Executed Pending Settlement (continued)
STATEMENT TRADE
DATE DATE
07/14/05 06/03/05 SOLD
TRANSACT/ON CESCRPTION STM8D.EuSP CIJANTITY PACE
FINANCIAL TRUST CO INC
STATEMENT PEROT June 1.2005
THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER WITMER On File
LAST STATEMENT May 31.2005
DEBIT AMOUNT C=£:\
FNMA 30 YR GTO
SETT. 07105
7070000 BS
-50.000.000.00 102.7968 51.398.437.50
TOTAL $171,823.046.88 $266.563.892.23
The chow Fades cb eel eppew in eery ann. sedge PI Ihn :Warm*
Your messages
Bear Stearns receives payments or other remuneration from the advisers,
distributors or other affiliates of certain of the mutual funds available through
Bear Stearns. Such payments or remuneration are for administrative,
technological or other services provided in connection with fund accounts and
are generally calculated based on the amount of assets held in the accounts,
Such payments or other remuneration are in addition to shareholder servicing
and distribution fees that Bear Stearns may receive. Funds whose affiliates do
not make payments to Bear Stearns, including funds that may pay a higher or
lower return, may be available to you.
NOTICE OF CHANGE PURSUANT TO TRUTH IN LENDING SEC RULE 100-16
Effective no earlier than thirty (30) days from your receipt of this statement,
the annual rate of interest charged on any credit extended to you by Bear
Stearns for the purpose of purchasing, carrying or trading in any security or
other property shall be based on either the Bear Stearns Margin Basis Rate,
the Bear Stearns Fed Funds Rate or the London Interbank Offering Rate
("UBOR"), as notified to you upon request. The Bear Stearns Margin Basis Rate
will be quoted daily by Bear Stearns at our main office in New York, Factors
affecting the determination of the Bear Stearns Margin Basis Rate will include
the short•term market interest rates quoted by money center banks and the
Federal Reserve and the rate that Bear Stearns is charged for borrowing
money. The Bear Stearns Fed Funds Rate is the rate for U.S. dollar funds, as
quoted by an independent broker of such funds selected by Bear Stearns for
the last transaction completed prior to 9:30 a,m, (Eastern Time) on the
business day on which such rate is determined. The annual rate of interest will
be no more than 3% above the Bear Stearns Margin Basis Rate or 4% above
either the Bear Stearns Fed Funds Rate or LIBOR and will appear on your
monthly statements.
027 07/01.135:10:02 001 Y893IP
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
If Bear Stearns 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 is tied to
the Bear Stearns Margin Basis Rate, the Bear Stearns Fed Funds Rate or
LIBOR and may fluctuate with those rates, 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),
Except as described above, the Truth in Lending disclosure previously provided
to you remains in effect,
End of Statement
CLEARED THROuGH ITS
Yn10t4Y OUT,E0 SUBSIOIMIT,
Beer Stewn
FINANCIAL TRUST CO INC
STATEMENT PERK* June 1.2005
THROUGH June 30.2005
ACCOUNT NUMBER
TAXPAYER WEISER On File
LAST STATEMENT May 31.2005
027 07i0litio0:42 001 vekuP
CLEARED THROUGH ITS
WHCU.Y 01M.IED SUNK/MI/iv
B
STURUR NS
OFFICE SERVICING YOUR ACCOUNT
S mear. Stearns Co. Inc.
ACCOUNT EXECUTIVE GNMA GOVT BOND
VISIT OUR WEBSITE weny.bearstearns.com
What's In This Statement
Financial Summary 3
Your Portfolio Holdings  4
Transaction Detail  7
Trades Not Yet Settled  37
Your Portfolio at a Glance
TOTAL VAWE OF SECURITIES THIS PERIOD
LONG ACCRUED INTEREST
NET CREDIT BALANCE
3.052,376
27,070
122,206
IIII II 111111111U I I
FINANCIAL TRUST CO INC
0/0 JEFFREY EPSTEIN
6100 RED HOOK QUARTER
STE B3
ST THOMAS VI 00802
Market Value of Your Portfolio
Cash 8 Equivalent $122.206
$180,992
NET EQUITY THIS PERIOD $3,201,652
NET EQUITY LAST STATEMENT
CHANGE SINCE LAST STATEMENT
3.131.368
70.283
There are no 'Stop Loss' orders or other pending buy
or sell open orders on file for your account.
Axed $3.052.376
Income   $2.900.677
Current market Sue
NE Last statement's market value
FINANCIAL TRUST CO INC
STATEMENT PERKIO *11 30.2005
THROUGH May 31.2005
ACCCUNT NUMBER
TAXPAYER AVNER On File
LAST STATEMENT April 29.2005
SI T T/1111•Tduri A Xs dOrmacuol hnoses only I Is ra @lorded as  &ant
staternurC should be Massed for your words See worm a for Doodad' nrcautire
027 06,01135:09:00 001
GEARED 11. .100044 ITS
WHOLLY OMAE0 $1.1090MAY
FINANCIAL TRUST CO INC
2 o168
STATEMENT BACKER IS PRINTED ON THIS PAGE
021 0601.05:09:03 001 Y878
CLEARED IHRCUGH ITS
(MT,E0 SUOSIOally
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Cash Flow Analysis
THIS PERIOD
Income Summary RAS PERICO YEAR TO DATE
Opening Balance $180,992.40 U.S. GOA. Bond Int. 766,042.23 3.462.043.46
Govt. Agency Int. 823.071.67 3.397.846.03
Securities Sold 1,056,491,072.96 Corp. Bond Int. 106.943.92 595,471.88
Dividends/Interest 1,696,447.33 Credit Balance Int. 389.51 3.223.71
Miscellaneous 936,131.00 Reverse Repurchase Int. 88,412.07 1.082.145.71
Amount Credited $1,059,123,651.29 Total $1 784 859.40 $8 540 730.79
Securities Bought -1,056,980,245.53 Bond Purchase Int. -514.432.42 -4.940,434.41
Funds Withdrawn -71.505.00 Repurchase Int. Exp. -240.018.09 -882,877.32
Dividends/Interest Charged -514.432.42
Miscellaneous -1,616.254.91
Portfolio Composition Amount Debited $.1.059,182A37.86
CashiCash Equivalent 122,206
Net Cash Activity -58.786.57
Fixed Income 3.052,376
ClosingBalance $122,205.83
Total $3.174.582
Cash Balance Summary
OFEts NO CLC61/10
Margin 180,992.40 122,205.83
Net Cash Balance $180.992.40 $122,205.83
027 0601.0S:09:CO 001
I
FINANCIAL TRUST CO INC
STATEMENT PERK* April 30.2005
THROUGH May 31.2005
ACCCUNT NUMBER
TAXPAYER AMMER On File
LAST STATEMENT April 29.2005
Your Portfolio
Allocation
Cash 8 Equivalent--
3%
— Feed Income
97%
Untivoecl P0,00, 5 00°0* debt balance omit, Or, male wive, Tha elocalxn percents-0 ts Or.st.0 from V0 Mnal.te markei 
value palbn
CLEARED THRouGH ITS
valour omeo SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
4 o Jtl
Your Portfolio Holdings
CASH & CASH EQUIVALENTS
DESCPAPTION
CASH BALANCE
SrAISCLOJSIP IMAMS ESTIMATED CuRRENT OurdaiTy PACE VALUE !Mu& MCCUE VELD mi
122.206
TOTAL CASH & CASH EQUIVALENTS $122.208
FIXED INCOME
Government & Agency Obligations
DESCRIPTION SWMOLCUSP
ACCT
TYPE DUMMY PRICE MARKET VALLE
ACCRUED
INTEREST
EstmArE0
ANNUAL INCOME
CuRRISC
YEAR
GOVERNMENT NATIONAL MTG ASSN MRGN 14.948.788 6.4165 959.183 18.772 614.395 64.0540
SERIES 2004-035 CLASS SP
DATED DATE 05/21/04
BOOK ENTRY ONLY
DUE 12/20/2029 4.110%
FACTOR - .91792270
GOVERNMENT NATIONAL MTG ASSOC MRGN 14.940.760 7.2678 1.085.871
SERIES 2004-041 CLASS SE
DATED DATE 06/23/04
BOOK ENTRY ONLY
DUE 05/20/2030
FACTOR - .93016410
FEDERAL NATIONAL MTG ASSN MRGN 12.733.059 7.9111 1.007.321 8.298 497.863 49.4245
SERIES 2003.49 CLASS SW
DATED DATE 04/30103
BOOK ENTRY ONLY
DUE 01/2512033 3.910%
FACTOR - .52384850
FINANCIAL TRUST CO INC
STATEMENT PER100 April 30.2005
THROUGH May 31.2005
Accamy NUMBER
TAXPAYER M.aCR On File
LAST sTATEmENT Aprll 29.2005
021 060i.05:09:03 001 ••878
CLEARED THROUGH ITS
MOLLY OMP.E0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
5 ,) Jtl
Your Portfolio Holdings (continued)
Government & Agency Obligations (continued)
DESORPTION
FEDERAL NATIONAL MTG ASSN
SERIES 346 CLASS I
DATED DATE I 1&1:03
BOOK ENTRY CNLT
DUE 11/01,2033
FACTOR — 1.00000000
Total Government& Agency Obligations
S!NEOLUISP MX'
TYPE
MRGN
°IMPIETY
PRICE MARKET VALLE
83,1641
$3.052.376
FINANCIAL TRUST CO INC
STATEMENT PERKO April 30.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER M/03ER OE File
LAST STATEMENT *11 29.2005
ACCRUED ESTEEMED OURFIGVT
INTEREST ANNUAL INCOME YELD PO
$27.070 51.112.258
TOTAL FIXED INCOME $3.052.376 $27.070 51.112.258
YOUR PORTFOLIOHOLDINGSACCRUED INTEREST 527.070
YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME $1.112.258
YOUR PRICED PORTFOLIOHOLDINGS 83.174.582
Repurchase and Reverse Repurchase Transactions
with Bear,Stearns& Co. Inc. outstanding as of date of statement
PLRO-MSE/
START DATE
REPURCHASE
DATE
PROMS
RATE
PURCHASE PRICE)
PRI/OPAL
ACCRUED REPO
MEREST•
QUANTITY
(FACE AMOUNT) CUSP DESCRIPTOR
YOU PROVIDED GOVERNMENT NATIONAL MTG ASSOC
(MARGIN) 04/25/05 OPEN 0,000 -26A00.000 SERIES 2004-5 CLASS P 3.8600 02)20133
YOU SOLD FANNIEMAE STRIP
(REPO) 05/11/06 06110)05 3.290 -10.851400 -20,824 -30.000.000 SERIES 329 CLASS PO 12(01/32
YOU SOLD FANNIEMAE STRIP
(REPO) 05/16/05 06/16105 3.290 -11.334.000 -16.572 -30.959.779 SERIES 329 CLASS PO 12(01/32
027 DE01.135:09:03 001 V878
CLEARED IHRCUGH ITS
wHG.13 OUT*0 SUGROany
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Repurchase and Reverse Repurchase Transactions (continued)
with Bear,Stearns& Co.Inc. outstanding asof date of statement (continued)
PIACl/ASV REFIJRCHPSE
START DATE DAZE
PACING
RATE
PURCHASE PRIM ACCRUED REPO
PRINCPAL MEREST'
GUANTITY
(FACE AMOUNT) CUSP DESCRIPTCN
I,Sean SPCmit' Go'
FINANCIAL TRUST CO INC
STATEMENT PERO) *11 30.2005
THROUGH May 31.2005
ALUMNI NUMBER
TAXPAYER PANDER On File
LAST STATEMENT April 29.2005
YOU SOLD
(REPO) 05/16/05 0611905 3.290 -14.434.000 -21.105 -23.000.000
FANNIE MAE STRIPS
SERIES 352 CLASS PO 07/01/34
YOU SOLD
(REPO) 05/16/05 0916/05 3.290 -3.844.000 -5.620 -20.000.000
FANNIE MAE STRIP
SERIES 353 CLASS 10 5.0000 07/01/34
YOU SOLD
(REPO) 0917/05 06/10/05 3.290 -1.008.000 -1.381 -25.000.000
FEDERAL NATIONAL MTG ASSOC
SERIES 2003-52 CLASS 4.0100 07/2917
YOU SOLD
(REPO) 0917/05 06/10/05 3,290 -1.340.000 -1.836 -27.112.874
GOVERNMENT NATIONAL MTG ASSOC
SERIES 2004-30 CLASS 4,1100 02/20/32
YOU SOLD
(REPO) 05/20/05 06/10/05 3.290 -996.000 -1.092 -25.000.000
FEDERAL NATIONAL MTG ASSOC
SERIES 2003-13 CLASS 4.9100 03/2933
YOU SOLD
(REPO) 05/25/05 06/10/05 3.290 -3.800.000 -2.430 -10.000.000
FANNIEMAE STRIP
SERIES 346 CLASS PO 11/01/33
YOU SOLD
(REPO) 05/25/05 0611905 3.290 -3.951.000 -2.527 -20.000.000
FEDERAL HOME LOAN STRIP
SERIES 227 CLASS 10 5.0000 12/01/34
YOU SOLD
(REPO) 05/25/05 06/10/05 3.290 -3.000.000 -1.919 -20.000.000
FREDOIEMAC STRIP
SERIES 228 CLASS 10 6.0000 02/01/36
YOU SOLD
(REPO) 06.25/05 OPEN 4010 -1 -9.724.538
FEDERAL HOME LOAN MIG CORP
SERIES 2886 CLASS SC 4,2100 07/15/19
YOU SOLD
(REPO) 05/26/05 06/10/05 3.300 -525.000 -288 -12.500.000
FEDERAL NATIONAL MTG ASSOC
SERIES 2003-13 CLASS 4.9100 03/2933
YOU PROVIDED
(MARGIN) 0926/05 OPEN 0,000 -12.500.000
FEDERAL NATIONAL MTG ASSOC
SERIES 2003-13 CLASS 4,9100 03/25/33
027 MOOS:09:03 001 V878
CLEARED THROUGH ITS
YAICU.Y OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
7 c. nn
Repurchase and Reverse Repurchase Transactions (continued)
with Bear,Stearns& Co.inc.outstanding as of date of statement (continued)
PUREWSS,
START DATE
REPURCHASE
DATE
PRICING
RATE
PURCHASE RICO
PRINCPAL
rOCAUED REPO
MEREST'
GUMMY
(FACE AMOUNT) CUSP DESCRIPTION
YOU SOLD USTR 4,1250 05/15/15
(REPO) 05/27105 OPEN 2.640 -38.095.000 -14.984 -38.000,000
YOU BOUGHT USTR 3,5000 05/31/07
(REVERSE) 05/31/05 OPEN 2.830 54.000.000 4.245 54.000.000
TOTAL REVERSE REPURCHASE TRANSACTIONS 354.000.000 34245
FINANCIAL TRUST CO INC
STATEMENT PERIOD April 30.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER MANNER On File
LAST STATEMENT AprII 29.2005
TOTAL REPURCHASE TRANSACTIONS 1-93.178.001 1-90.578
•As ce ,llµmnnl die
Transaction Detail
INVESTMENT ACTIVITY
SETTLEMENT
DATE
TRADE
DATE TRANSACTOR CESCRPTION SNA00. Cusp 0,ANDre PRICE DEBIT AMOUNT CREPT AMOUNT
05.02105 04/27105 BOUGHT GOVERNMENT NATIONAL MTG ASSOC 15.073.792 7,15625 1,078,718.27
SERIES 2004-041 CLASS SE
OS. 57160000 BS
ACCR, ENT, 21,153.55
05102/05 04/28)05 SOLD UNITED STATES TREASURY NOTE -50,000.003 100.05469 50.027,343 .75
killiir3.625% AO 30
. MATURITY
ACCR. INT. 9.850.64
OVER REF o 01181006 Al
0510645 PRINCIPAL FEDL HOME LOAN MTG CORN/Stet 10 -236.730
SERIES 228 CLASS 10
6400 DUE 02/01/35
PRINCIPAL REDUCTN 05-15-05
027 DS01.05:09:03 001 V878
CLEARED THROUGH ITS
O‘M‘ED SUEISIDaTve
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION
05/00105 05/06+05 SOLD
05109/05 05/06005 BOUGHT
05/11105 06:06.95 BOUGHT
05/12105 03/31105 BOUGHT
05/12105 04/12105 BOUGHT
05/12105 04/07105 CANCEL SELL
CESCFCETION
UNITED STATES TREASURY NOTE
DUE 02/15/2015 04.000% FA 15
SPECIAL INSTRUCTIONS
YIELD 4.262 % TO MATURITY
GVER REF V G1267694 A3 WWEI3
SYMEIOLCUSV CVANillY PRICE
I
FINANCa TRUST CO INC
STATEMENT PERK* 30.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER NLIMER ON File
LAST STATEMENT *11 29.2005
DEBIT AMOUNT CREW MOM
UNITED STATES TREASURY NOTE
03,625% AO 30
MATURITY
GVER REF to G1261032 Al
GOVERNMENT NATIONAL MTG ASSN
SERIES 2004-035 CLASS SP
Ofilli s04.210%
7720000 BS
AS OF 05/06/05
FNMA-30YRTFNMAIGTO
SETT.05/04
011i 05.000%
57140000 BS
FNMA-30YRTFNMA)G10
SETT.05104
1.111 505.000%
7300000 BS
FNMA-30YRIFNMAIGTO
SETT.05/05
1011005.000%
57220000 BS
AS OF 0407105
TO CV. PREVIOUS SELL
-20.000.000 97.92188
ACCR. INT,
19,584,375.00
183,425.41
30.000.000 99.82813 29,948,437.50
ACCFL INT, 26,596.47
15.096.208 6.90625 1,042,581.89
ACCR. INT. 37,073.77
EMI 20.000.000 97.49219 19,498,437.50
VIM 20.000.000 98.13281 19.626.562.50
MIK 40.000.000 97.92188 39.16.8.750.00
027 0601.05:09:03 001 '.878
CLEARED THROUGH ITS
YOICtLY OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
9 o Jtl
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTOR
05/12105 03/31105 CANCEL BUY
05/12/05 04/12/05 CANCEL BUY
05112105 04/07/05 SOLD
05/12/05 03/31105 BOUGHT
05/12/05 04/12/05 BOUGHT
091245 04/07105 CANCEL SELL
OESCRIPTION
FNMA-30YR(FNMA)ITO
SETT,05/05
1.005,000 , ,
57140000 BS
AS OF 03/31105
TO CXL PREVIOUS BUY
FNMA-30YR(FNMA)G1D
SETT,05.05
101100105,000 ,,
57300000 BS
AS OF 04/12/05
TO CM. PREVIOUS BUY
FNMA-30W4FNMAATO
SETT,05;04
Mai 05,000%
57220000 BS
FNMA 3crRrFNMA)GID
SETT OE 05
05,500%
57150000 BS
FNMA-30YRTNMNGTO
SETT,05,G5
0. 0405.500% 57400000 BS
FNMA-30YR(FNMA)010
SETT 05105
05,500'.
57210000 BS
AS OF 04!07.05
TO CH. PREVIOUS SELL
FINANCIAL TRUST CO INC
STATEMENT PERKO *11 30.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER NLIAMER On File
LAST STATEMENT *11 29.2005
STIADOLCUSP GUMMY PRICE DEBIT AMOUNT CREDIT AMOUNT
-20,000,000 97.49219 19,498,437.50
-20.000.000 98,13281 19.628.562 .50
-40.000.000 97.92188 39.168,750 .00
20.000.000 99.89063 19.978.125.00
20.000.000 100,37500 20.075.000.00
40.000.000 100,25781 40.103.125.00
027 06014S:09:C0 001
CLEARED THROUGH ITS
MOST OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
10 r!33
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTOR
05112105 03/31105 CANCEL BUY
05/12105 04/12/05 CANCEL BUY
05112:05 04i07 105 SOLD
05/12/05 06,06105 SOLD
05/13/05 06/12/05 SOLD
05/13/05 06/12/15 SOLD
DESORPTION
FNMA-30YR(FNMAJOTD
SETT.05/05
NW 05.5004
5715001)0 BS
AS OF 03/31105
TO CXL PREVIOUS BUY
FNMA-SOYFOFNMA)G1D
SETT.05/05
10010105.500I,
57400000 BS
AS OF 04/12/05
TO C/3. PREVIOUS BUY
FNMA-30YRIFNMAJOID
ETT.05105
57210000 BS
FEDL ROME LOAN MIG MAP/410110
SERIES 228 CLASS 10
06,000%
7430000 BS
ACCRUES ON 1ST. PAYS ON 25TH
UNITED STATES TREASURY NOTE
AO 30
MATURITY
GVER REF V G1325905 Al
UNITED STATES TREASURY NOTE
03.625% AO 30
0 MATURITY
GVER REF # 01325601 Al
FINANCIAL TRUST CO INC
STATEMENT PERKO *1130.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER NLPOER On File
LAST STATEMENT *11 29.2005
STIAEOLCUSP CVANTITY PRICE DEBIT AMOUNT MCC AMOUNT
-20.000.000 99.89063 19.978,125 ,00
-20.000.000 100.37500 20.075.000 00
-40.000.000 100.25781 40.103.125.00
-18.365.752 20.43750 3.753.500.73
ACOR, INT, 33.670,55
-10.000.000 99.95313 9.995.312.50
ACCR. INT. 12,805.71
-15.000.000 99.95313 14.992,968 ,75
ACOR, INT. 19,208.56
027 0601.135:09:011 001 '.1178
CLEARED THROUGH ITS
MOLLY ODS*0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
11 -
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION
05113105 05(12105 SOLD
05/13/05 JOURNAL
05/16105 05/13105 SOLD
05/16105 05/13105 BOUGHT
05/16105 JOURNAL
05/17/05 05712105 BOUGHT
05117705 05/12/05 BOUGHT
OE SCRVTION
UNITED STATES TREASURY NNE
lailk03.625% AO 30
MATURITY
GVER REF tt G1325547 Al
FEDL HOME LOAN MTG CORP/S10110
SERIES 228 CLASS 10
6.000 DIVE 02101735
ADJ POS
UNITED STATES TREASURY NOTE
04.000% FA
MATURITY
GVER REF # G1333411 Al
UNITED STATES TREASURY NOTE
04.125% MN IS
MATURITY
GVER REF # G1333415 Al
FEDL HOME LOAN MTG CORHAST 0170
SERIES 228 CLASS 10
6.000 DIVE 02101/35
ADJ POSITION
FANNIE MAE CMO/SERIES 2003-52
KS-VO RTR
.11.1 504.080%
7260000 BS
GOVERNMENT NATIONAL MTG ASSN
SERIES 2004-30 CLASS SU
04,210%
57300000 BS
AS OF 0512.05
I
FINANCIAL TRUST CO INC
STATEMENT PERGO *11 30.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER NUIGER On File
LAST STATEMENT *II 29.2005
SYMBOLCUMP OJAMIW ANN OMIT AMOUNT CREPT AMOUNT
-20.000.000 99.94531
ACCR. INT.
19.989.062 .50
25.611.41
NMI -2
40.000.000 98.57031 39.428.125.00
ACCR, IN% 397.790.06
INS 40,000.000 99.73047 39.892.187.50
ACCR, 4,483.70
MIN .1
17,728.728 8.03125 1,423,838.51
ACCR, INT. 44,203.63
24,954.730 7,28125 1,817,016.29
ACCR, 78,794.56
027 06016S:09:CO 001 118 78
CLEARED THROuGH ITS
?RIMY OW,E0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
05/18/05
TRADE
DATE TRANSACTION
05713105 BOUGHT
CESCRPTION
FREDDIE MAC CMOSERIES 2886
SC-I/0 RTR
7130000 BS
05/18/05 JOURNAL FEDL HOME LOAN MTG CORP#S10110
SERIES 228 CLASS 10
6,000 DUE 02101/35
STMEIOLCUSP GUMMY Plea
8.743.867 8,50000
ACCR.
I. SIean $PCmitkf EAR
FINANCa TRUST CO INC
STATEMENT PEREIO *11 30.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER NUMER Ofl File
LAST STATEMENT April 29.2005
DEBIT AMOUNT
743,228.73
3,067.64
CHEM AMOUNT
05/20/05 05(19105 SOLD UNITED STATES TREASURY NOTE
03,625% AO 30
MATURITY
GVER REF # G1393740 Al
-13,000,000 100.05469
ACCR. INT,
13.007,109 ,38
25.611,41
05120105 05/19105 SOLD UNITED STATES TREASURY NOTE
04.125% MN IS
MATURITY
GVER REF # G1393587 Al
-10,000,000 100.29688
ACCR. INT.
10.029.687.50
5.604,62
05120105 PRINCIPAL GOVERNMENT NATIONAL MTO ASSN
SERIES 2004-035 CLASS SP
4210 DUE 12/20/29
PRINCIPAL REDUCTN 05-20-05
-147,420
05:2045 PRINCIPAL GOVERNMENT RATIONAL MTO ASSOC
SERIES 2004-041 CLASS SE
DUE 05,20/30
PRINCIPAL REDUCTN 05-20-05
-133,032
05:23+05 05:26.05 BOUGHT UNITED STATES TREASURY NOTE
03625% AO 30
MATURITY
GVER REF # G1404847 AS
AS OF 05/20105
50.000.000
ACCR, INT,
99.97656 49.988.281.25
113.281,25
05.2345 05(2045 SOLD UNITED STATES TREASURY NOTE
03.625% AO 30
0 MATURITY
GVER REF tt G1403009 Al
-20.000.000 99.96094
ACCR, INT,
19.992.187 .50
45.312,50
027 DE,DI.05:09:03 001 '.878
CLEARED THROUGH ITS
WHEEL? EMBED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION CESCRPTION SYMBOLED-SIP PACE DEBIT AMOUNT CREW AMOUNT
05/24105 05/23/05 SOW UNITED STATES TREASURY NNE -13.000.000 100.03125 13,004,062,50
I~3.625% AO 30
MATURITY
ACCR, INT. 30.733.70
OVER REF # G1434596 Al
05/24105 05/23105 SOW UNITED STATES TREASURY NOTE MIK -10.000.000 100.58203 10.058203 .13
04.125% MN 15 ACCR, INT. 10,088.31
MATURITY
GVER REF # G1434606 Al
05:25105 05/24105 BOUGHT UNITED STATES TREASURY NOTE 3.000.000 100.89063 3.026.718.75
04.125% MN IS ACCR. INT. 3,362.77
0 MATURITY
OVER REF # 01443571 Al
05125105 PRINCIPAL FEDERAL NATIONAL MTG ASSN 296.514.00
SERIES 329 CLASS PO
DUE 01/01/33
STRIP
PAIN RID 04.05 Pit 05-25-05
REPO P S I 0.0000
05125105 PRINCIPAL FEDERAL NATIONAL MTG ASSN 306.000.26
SERIES 329 CLASS PO
DUE 01/01/33
STRIP
PAIN FUD 04.05 PAD 05-25-05
REPO P S I 0.0000
05125105 PRINCIPAL FEDERAL NATIONAL MTG ASSN MIN -250.651
SERIES 2003-49 CLASS SW
3.980 DUE 01/25/33
PRINCIPAL REDUCTN 05-25-05
05125105 PRINCIPAL FEDERAL NATIONAL MTG ASSN 13.79764
SERIES 346 CLASS 1
CUE 11/01/33
PAIN R/D 04.05 Pit 05-25-05
REPO P S I 0.0000
I
FINANCa TRUST CO INC
STATEMENT PERK* *11 30.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER NLIN3ER On
LAST STATEMENT 29.2005
027 060105:09:CO 001 '.878
CLEARED THROUGH ITS
viNOttY 0%1T,*0 SUBSIOIAlly
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
14 -
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION DESCRIPTION STMEIOLCUSV °WIT( PRICE DEBIT AMOUNT CREW PAC146
05/2905 PRINCIPAL FEDERAL NATIONAL MTG ASSN 137,824,76
SERIES 346 CLASS 1
DUE 11/01/33
PRIN FUD 04-05 PAD 05-25-05
REPO P d I 0,0000
05/25105 PRINCIPAL FEDERAL NATIONAL MTG ASSN 346.726,61
SERIES 352 CLASS 1
0.001 DUE 07/01/34
PAIN RID 04.05 Ki 05-25-05
REPO P S I 0,0000
05.27105 0926/05 BOUGHT UNITED STATES TREASURY TOTE Miff 11.000.000 99.99609 10.999.570.31
AO 30
MATURITY
ACCR, INT, 29.256,12
GVER REF # G1464298 Ell
05/27105 05/26105 BOUGHT UNITED STATES TREASURY 143TE 50.000.000 99.99609 49.998.046 ,88
01001013,625% AO 30
MATURITY
GVER REF # G1464298 Al
ACC/, 611, 132.982,33
OS.27105 05/26105 BOUGHT UNITED STATES TREASURY NNE 15.000.000 100,37109 1E055.664,06
04,125% MN 15
MATURITY
ACM, 617, 20.176,63
GVER REF # G1464643 Al
05.27105 JOURNAL FEDERAL NATIONAL MTG ASSN 1
SERIES 346 CLASS 1
DUE 11/01/33
ADJUST POSITION
05/27.05 JOURNAL FEDERAL NATIONAL MTG ASSN 1
SERIES 346 CLASS 1
DUE 11/01133
05.27105 JOURNAL FEDL HOME LOAN MTG CORPHSIOTO9 1
SERIES 227 CLASS 10
5.000 DUE 12/01/34
ADJUST POSITION
FINANCIAL TRUST CO INC
STATEMENT PERIOD &X1130.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER NLIMER ON File
LAST STATEMENT Apdl 29.2005
027 DS,OT.05:09:03 001
CLEARED THROuGH ITS
WHOLLY OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
15 0
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTOR DESCRIPTION STMOOLCUSP OUPARRY PRICE DEIST AMOUNT CROW AMOUNT
05/27105 JOURNAL FEDL HOME LOAN MTG CORP#S10110
SERIES 228 CLASS 10
6.000 DUE 02/01/35
ADJUST POSITION
05/31105 05/26/05 BOUGHT UNITED STATES TREASURY N3TE 36.000.000 99.74219 35.907.187.50
03.500% MN 31
MATURITY
GYER REF V G1464831 Al
05/31105 05/26/05 SOLD UNITED STATES TREASURY NOTE -15.000.000 99.74219 14.961.328 .13
03.500% MN 31
MATURITY
GYER REF V G1464297 BI
05/31105 05/27105 SOLD UNITED STATES TREASURY N3TE -25.000.000 99.71875 24.929,687 .50
DUE 05/31/2007 03.500% MN 31
SPECIAL INSTRUCTIONS
YIELD 3.647 % TO MATURITY
OVER REF # G1472531 A3 WWEB
AS OF 05727105
05/31105 05/26/05 SOLD UNITED STATES TREASURY NNE EMI -50.000.000 99.74219 49.871.093 .75
03.500% MN 31
MATURITY
OVER REF # G1464297 Al
TOTAL $-399.8$5.909.86 1473.974.623.67
FINANCIAL TRUST CO INC
STATEMENT PERKO *1130.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER PURSER On File
LAST STATEMENT *11 29.2005
027 0601.05:09:03 001 Vi978
CLEARED THROUGH ITS
WHOLLY OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
16 ci
Transaction Detail (continued)
DEPOSITS AND WITHDRAWALS
EWE TRANSACT Cr. DESCRIrICH
0525:05 FNO WIRED MOAN G./168194 FNDS WIRED TO
IMO/ BANK
C#264533
TOTAL S.71,606.00
INTEREST
DATE DESCRIPTION SYMBOL CUSIP OUANTITT RATE DEBIT AMOUNT CREDIT AMOUNT
05.02105 AVG BAL 244.990 F1T 1.908 389.51
021 OFFICE INTEREST 0405
05/16105 FEDL HOME LOAN MTG CORP#S10109 5.0000 6.066,95
SERES 227 CLASS 10
DUE 12/0112034 5.000
INT RID 04-05 PA:1 OS-15-05
REPO P &I 5.0000
05/16105 FEDL HOME LOAN MTG OCAP#S10109 5.0303 10.111 .58
SERES 227 CLASS 10
DUE 12/01/2034 5.000
INT RID 04-05 ND 0S-15-05
REPO P &I 5.0000
05/16105 FEDL HOME LOAN MTG CORP#S10109 5.0000 10,1 11.58
SERIES 227 CLASS 10
DUE 12/0112034 5.000
INT RID 04-05 ND 05-15-05
REPO P &I 5.0000
05/16/05 FEDL HOME LOAN MTG CORP#S10109 Miff 5.0000 20.223.15
SERIES 227 CLASS 10
DUE 12/01/2034 5.000
INT RID 04-05 PM 05-15-05
REPO P 8, I 5.0000
027 06005:09:02 001 vale
DEBIT Amotivr CREDIT AMOUNT
71.505.00
FINANCIAL TRUST CO INC
STATEMENT PERK* April 30.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER AMBER ON File
LAST STATEMENT April 29.2005
CLEARED TEIROuGH ITS
wHCLLY OGYRO SURROMIly
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
INTEREST (continued)
r. SIean $PCmitkf EAR
FINANCIAL TRUST CO INC
STATEMENT PERO) *11 30.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER MANNER On Ale
LAST STATEMENT April 29.2005
DATE DESCRIPTION SYMEICIJCV5IP OVANTRY RATE IP4 CENT AMOUNT CREPT AMOUNT
05/16/05 FEDL HOME LOAN MTG CCAPMS10109 5.0000 34.379.36
SERIES 227 CLASS 10
DUE 12/01/2034 5.000
INT RID 04.05 PA) CS-15-05
REPO P &I 5.0000
05/16105 FEDL HOME LOAN MTG CORN/610110 ISM 6.0000 14.129.41
SERIES 228 CLASS 10
DUE 02/01/2035 6.000
INT RID 04.05 PAD 05-15-05
REPO P &I 6.0000
091645 FEDL HOME LOAN MTG 00AP#S10110 OMNI 6.0000 32 968.62
SERES 228 CLASS 10
DUE 02/01/2035 6.000
INT RID 04.05 PAD 05-15-05
REPO P &I 6.0000
05/16105 FEDL HOME LOAN MTG CORP#510110 NMI 6.0000 47.098.03
SERES 228 CLASS 10
DUE 02/01/2035 6.000
INTEREST PAYMENT 05-15.05
05/16105 FEDL HOME LOAN MTG CORN/610110 6.0000 94.196.06
SERES 228 CLASS 10
DUE 02/01/2035 6.000
INT RID 04.05 PAD 05-15-05
REPO P &I 6.0000
05/20/05 GOVERNMENT NATIONAL MTG ASSN 3.9600 58.080.00
SERES 2004-5 CLASS PS
DUE 02/2012033 3.960
INT RID 04.05 PA) 05-20-05
REPO P &I 3,9600
05/20/05 GOVERNMENT NATIONAL MTG ASSN 3.9600 87.120.00
SERES 2004-5 CLASS PS
DUE 02/20/2033 3.960
INT RID 04-05 PA) 05-20-05
REPO P &I 3,9600
027 060105:09:03 001 11878
CLEARED THROUGH ITS
MELLY EIDS*0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INTEREST (continued)
FINANCIAL TRUST CO INC
STATEMENT PERIOD 30.200S
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER MAGER On File
LAST STATEMENT April 29.2005
DATE DESCRIPTION SYMECLGUSIP PANNUN RATE 141 reed AMOUNT MEDI AMOUNT
05120/05 GOVERNMENT NATIONAL MTO ASSN 4.2100 87.549,51
SERIES 200440 CLASS SU
DUE 02/20/2032 4,210
INT RID 04.05 PM 05-20-05
REPO P 8I 4,2100
05120/05 GOVERNMENT NATIONAL MTO ASSN ISM 4,2100 52.962,53
SERES 2004-035 CLASS SP
DUE 12/20/2029 4,210
INTEREST PAYMENT 05-20.05
05120/05 GOVERNMENT NATIONAL MTO ASSOC 52.883.89
SERES 2004-041 CLASS SE
DUE 05/202030 0,000
INTEREST PAYMENT 05-20.05
05/25/05 FANNIE MAE CMO/SERIES 2003.13 4.9800 53e71,96
S RCA-I/O RTR
DUE 03/25/2033 4,980
INT RID 04.05 PA 0S-25-05
REPO P 8I 4,9800
05.25/05 FANNIE MAE CMO/SERIES 2003.13 4,9800 53 471,96
S RCA-I/0 RTR
DUE 03/25/2033 4,980
INT RID 04.05 ND 05-2545
REPO P 8I 4,9800
05.25(05 FEDERAL NATIONAL MTO ASSN 3.9800 43.062.64
SERES 2003-49 CLASS SW
DUE 01/25/2033 3,980
INTEREST PAYMENT 05-25 OS
0525/05 FANNIE WE CMO/SERIES 2003.52 4.0800 60277,68
KS-V0 RTR
DUE 07/25/2017 4,080
INT RID 04.05 ND 05-25-05
REPO P 8I 4,0800
027 0601.05:09:03 001 11878
CLEARED THROUGH ITS
MIPS? CTMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
19 c?
Transaction Detail (continued)
INTEREST (continued)
DATE MORMON
05125/05 FEDERAL NATIONAL MTO ASSN
SERES 353 CLASS 2
DUE 07101/2034 5000
TNT R/D 04-05 PA9 05-25-05
REPO P & I 5.0000
TOTAL
SY/ABOLCUS,P QUANTITY RATE Ice!
5:0000
DEBIT AMOUNT
FINANCIAL TRUST CO INC
STATEMENT PERM April 30.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On FM
LAST STATEMENT *11 29.2005
OREM AMOUNT
78.180.13
5896.734.56
REPURCHASE AND REVERSE REPURCHASETRANSACTIONS
with Bear,Stearns& Co. Inc.
SETTLEMENT
DATE
TRADE
DATE TRANSACTION DESCRPTICN
05.02,105 RECEIVED UNITED STATES TREASURY NOTE
DUE 00+3012007 3.625
3,625 7
FITM Al
RESALE
05:03105 JOURNAL FEDL HOME LOAN PAM CORPitS10109
SERIES 227 CLASS 0
5 0
HIM00 RiplirA2
TERM MENT
05.03105 JOURNAL FEDL NOME LOAN 1,116 CORP4S10.109
SERIES 227 CLASS 0
5,000 1.f4
FITM Al
REPO A
OS03105 JOURNAL FEDL ACME LOAN MTG COSH/5101n)
SERIES 228 CLASS 0
HIM
000)035
A2
TERM AAENT
05103/05 JOURNAL FEDL HOME LOAN MTO CORP8S10110
SERIES 228 CLASS 10
6,000 DUE 02/01/35
ATM FI233173 41
REPO AGREEMENT
SVMBCLCUSIP 0.:NYHTY DEBIT AMOUNT CREDIT MIOUNT
IIIIININ
NMI
50,000.000
1.456.066
.1.456.066
6.593,724
-2.354.901
50.125.000.00
312.000.00
027 0601.05:09:03 001 '.1178
CLEARED THROUGH ITS
MIPS? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
20 c1>x
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SEMEMENT TRADE
DATE DATE TRANSACTION DESCRITMON SYME/CLCUSIP OvANTIN DEBIT AMOUNT CREDIT AMOUNT
05/03105 JOURNAL FEDL HOME LOAN MTG CORPFTS10110 -4.238.822 747,000.00
SERIES 228 CLASS 10
6FITMMI300.0r 5A1
REPO
05104105 JOURNAL FEDERAL NATIONAL KIM ASSN 660.862 473,000.00
SERIES 346 CLASS 1
DUE I JON
FITM AZ
TERM MENT
05104/05 JOURNAL FEDERAL NATIONAL MTG ASSN -660,862 479,000.00
SERIES 346 CLASS 1
DUE 11
FITM lisp Al
REPO A
0504x05 INTEREST FEDERAL NATIONAL MM ASSN EMI 1.214,03
SERIES 346 CLASS 1
DUE 1 Jill 0,000
FITM AZ
REPO I
05109(05 JOURNAL FEDL NOME LOAN MTE1 CCAPFTS10110 2.295.719
SERIES 228 CLASS 10
6,000 DUE 02/01/35
FITM FI233173 A2
TERM REPO AGREEMENT
05109(05 JOURNAL FEDL NOME LOAN MTEI CORPFTSTOT 10 NNW -2.295.719 423,000.00
SERIES 228 CLASS D
6F.000ITM WWI
REPO A
05109(05 JOURNAL UNITED STATES TREASURY NOTE SIM -40.000.000 39.400.000.00
FITM j  Al
4,000 15
REPO AGREEMENT
05109(05 JOURNAL UNITED TALES TREASURY NOTE 60.000.000 59.400.000.00
RIM A2
FINANCIAL TRUST CO INC
STATEMENT PERIOD *11 30.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT *11 29.2005
4,000 15
TERM REPO AGREEMENT
027 0601.05:09:03 001 Yale
CLEARED THRouGH ITS
imiCtLY OmED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
21 0
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRANSACTION DESCRPRCH SYMEICASCUSIP OUN0ITY DEBIT AMOUNT CREDIT AMOUNT
05109105 RECEIVED UNITS) STATES TREASURY NOTE 20.000.000 20.000.000 .00
DUE 04+30/2007 3.625
FITM Al
3.625 Dia11(7
RESALE T
05109+05 DEUVERED UNITED STATES TREASURY NOTE -50,000.000 50.125.000.00
DUE 04+30'2007 3.625
FILM A2
3.625.01t7 Em
TERM ENT
05109+05 INTEREST UNITED STATES TREASURY NOTE 41,365,50
DUE 4.000
FITM A2
REPO I
05109+05 INTEREST LRCM STATES TREASURY NOTE MEE 26,594,10
DUE 04+W ei gi  1.625
05/11105 JOURNAL FEDERAL NATIONAL MTO ASSN 15.062.892 10.583.000 .00
SERIES 329 CUSS PO
DUE 01101/33
STRIP
FITM A2
TERM MENT
Rpm"
05/11+05 JOURNAL FEDERAL NATIONAL MFG ASSN .15,062.892 10.851.000.00
SERIES 329 CLASS PO
DUE 01101/33
STRIP
FITM INF  DI
REPO A
05.111:05 JOURNAL FEDERAL NATIONAL MTG ASSN ISM 6.463,537 4,553.000 .00
SERIES 346 CUSS 1
DUE II FITM Q
TERM MENT
027 0601.05:09:03 001 v878
FINANCIAL TRUST CO INC
STATEMENT PER•00 April 30.2005
THROUGH May 31.2005
AccouNT NUMBER
TAXPAYER NUEISER On File
LAST STATEMENT A/3r11 29.2005
CLEARED THROUGH ITS
WHOLLY 01MAED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRANSACTION DESCREMON SYMEICIJCUSIP
05/11/05 JOURNAL FEDERAL NATIONAL MD ASSN
05111105 JOURNAL
SERIES 346 CLASS 1
DUE 11
FILM IMF' C1
REPO A
FEDL ICIlE LOAN MTG COAPPSIOt 09
05/11:05 JOURNAL
SERIES 227 CLASS 0
FAISITMM R..A2
TERM DENT
FEDL ICA WAN MI5 CORPeS °tee
SERIES 227 CLASS 10
FA4SIT4300 411. 111134A2
TERM Fon igiligMENT
05/11/05 JOURNAL FEDL NOME LOAN MIG OCAPeS10709 NMI
05/11/05 JOURNAL
SERIES 227 CLASS 10
5,000
FEM A2
TERM ENT
FEDL Wee LOAN MTG CORPOS 10109
SERIES 227 CLASS 10
06 1 05 JOURNAL
05 11 05 JOURNAL
5.000 11.34
FITM B1
REPO A
FEDL NOME LOAN MI6 °CAPPS t Ot 10
SERIES 228 CLASS 10
6.000
FITM *WI REPO A
FEDL !CM LOAN MI6 CORPoS10t10
SERIES 228 CLASS 10
6.000 ..35
FITM Al
REPO A
FINANCIAL TRUST CO INC
STATEMENT PERIOD WI 30.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER NLAISER On Fee
LAST STATEMENT *11 29.2005
OTTANDre DEBIT AMOUNT CREDIT AMOUNT
-6.463.537 4.666.000 .00
1 445 460 312.000.00
2.409,100 536.000.00
4.818,200 1,143,000.00
-8.672.760 1.887.000.00
-1.836.575 333,000.00
-2.295.719 415,000.00
027 0601.05:09:03 001 •.1178
CLEARED THROUGH ITS
MIDST OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
23 c! aA
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SEMEMENT TRADE
DATE DATE TRANSACTION DESCRPRON SYMEOMICUSIP OVAMIN OMIT AMOUNT CREDIT AMOUNT
05/11105
05/11/05
MVOS
0511.05
OS 11r05
0511 /05
JOURNAL
INTEREST
INTEREST
INTEREST
INTEREST
INTEREST
INTEREST
FEDL 1.1011E LOAN MTG CORPNS10110
SERIES 228 CLASS 10
6.000
FITM R.1.2
TERM MENT
FEDERAL NATIONAL MM ASSN
SERIES 329 CLASS PO
STRIP
DUE 01.0 0.000
FITM AZ
REPO I
FEDERAL NATIONAL MTO ASSN
SERIES 346 CLASS 1
DUE I 1 0.000
ATM AZ
REPO I
FEDL HOME LOAN MTG COAPTIS10109
SERIES 227 CLASS 0
DUE Isis 6,000
FITM AZ
REPO I
FEDL HOME LOAN MTG COAPOS10839
SERIES 227 CLASS
DUE 17.10 5,000
FITM
REPO I
FEDL HOME LOAN MTG CORPOS 10109
SERIES 227 CLASS 10
DUE I 6,000
FITM AZ
REPO I
FEDL ItME LOAN MTG CCePttS 10ii 0
SERIES 228 CLASS I0
NMI
2.295.719 423,000.00
27,603.99
11,875,74
228,11
I .222.08
2.981,32
77,31
FINANCIAL TRUST CO INC
STATEMENT PERIOD WI 30.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER ROASTER On File
LAST STATEMENT *11 29.2005
DUE 0 6.000
FRM AZ
REPO I
027 0601EIS:09:02 001 Y878
CLEARED THROUGH ITS
MIPS? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
24 0
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETUMENT TRADE
DATE DATE TRANSACRON DESCRPRON
05/12105 JOURNAL FEDL HOME LOAN MTG CORP8S10110
SERIES 228 CLASS 10
6,000
FITM RII.32
TERM MENT
05/12105 INTEREST FEDL HOME LOAN MIG CalPeS101 10
SERIES 228 CLASS 10
DUE 01.  6,000
FILM 82
REPO I
05113+05 JOURNAL FEDL HOME LOAN 1.11G 0C41PaS10110
SERIES 228 CLASS 10
6,000 11.5
FITM Al
REPO A
05113 05 DELIVERED UNITED STATES TREASURY NOTE
DUE 04+30/2007 3,625
3,625.tir m
FITM A2
TERM ENT
MI 3 05 RECEIVED UNITED STATES TREASURY NOTE
DUE 04+3012007 3,625
3,625 INC
FITM Al
RESALE
0511345 JOURNAL FEDL NOME LOAN MTG COAP4S10109
SERIES 227 CLASS 10
FS.000ITM AI
REPO A
05/13+05 JOURNAL FEDL !CAE LOAN WC CORN'S i0109
SERIES 227 CLASS 10
5,000R.
FITM
TERM MENT
FINANCIAL TRUST CO INC
STATEMENT PERK* W130.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT Apill 29.2005
SYME/CLCUSIP PAUCITY DEBIT AMOUNT CREDIT AMOUNT
18,365,752 3.665.000,00
INN 8.741,03
-918.287 162,000,00
INK -20.000.000 20.000.000,00
INK 65,000.000 65.182.500,00
INN -2.409.100 516.000,00
NMI 2.409,100 556,000,00
027 0601.05:09:03 001 V878
CLEARED THROUGH ITS
YOICALY 01MAED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
25 0 ))
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRANSACTION DESCROniON SYMECLoCUSIP OUANTITT DEBIT AMOUNT
05113105 INTEREST UNITED STATES TREASURY NOTE
DUE 04+39L.2.00L7_ _3.625
05113/05 INTEREST FEDL NOME LOAN MTG CCAP#S10109 Miff 1.459,50
SERIES 227 LASS 13
DUE 12.0 5.000
ATM AZ
REPO I
05116105 JOURNAL FEDERAL NATIONAL MTO ASSN SIM 15,544.793 11.174.000.00
SERIES 329 CLASS PO
DUE 01101/33
STFUP
FILM a_CZ
FILM EE
6,05 JOURNAL FEDERAL NATIONAL MTG ASSN .15,544.793
SERIES 329 CLASS PO
DUE 01+01/33
STRP
ATM imp El
REPO A
0596 :05 JOURNAL FEDERAL NATIONAL MTG ASSN -19.964.443
SERIES 352 CLASS 1
0.001
RIM 11.81
REPO A
05/I6 05 JOURNAL FEDERAL NATIONAL KIM ASSN 19.964.443 14.660.000,00
SERIES 352 CLASS 1
0.001RWI
FITM AZ
TERM ENT
05 16:05 JOURNAL FEDERAL NATIONAL MTG ASSN .18,577.270
SERIES 353 CLASS 2
5.000 IOW
FILM CI
REPO A
FINANCIAL TRUST CO INC
STATEMENT PERK* W130.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER musette On File
LAST STATEMENT *11 29.2005
CREDO AMOUNT
5.394.44
11.334.000.00
14.434.000.00
3.844.000.00
027 060iieS09:03 001 ••1178
CLEARED THROUGH ITS
WHOLLY OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
26 I ))
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SCM.EmENT TMDE
DATE DATE TRANSACTION DESCRPRON SYME/CLCUSIP °WRY DEBIT AMOUNT CREDIT AMOUNT
05/16105 JOURNAL FEDERAL NATIONAL MD ASSN 18,577.270 4,211.000 )00
SERIES 353 CLASS 2
5,000
MA 31.2
TERM MENT
05/16105 JOURNAL FEDL HOME LOAN MTG CORPeS10109 INN -8.190.940 1,729.000 .00
SERIES 227 CLASS 0
5.000
RIM W31
REPO A
05.16.95 JOURNAL FEDL XOTdE WAN 1410 CORPeS10109 INN 8.190,940 1.837.000,00
SERIES 227 CLASS 10
F145114300 Oalleasi3452 TERM Fon ieligAAENT
0S96 t05 JOURNAL FEDL ROME LOAN WC CCAPaStOt 10 NMI 2.754,862 528.000.00
SERIES 228 CLASS 10
6.000
FITM
TERM ENT
05.1 6 05 JOURNAL FEDL ROME LOAN MTG CORPoS ioi m 4.132.294 747.000,00
SERIES 228 CLASS 10
FITM
AZ6,0001.5
TERM MENT
091645 JOURNAL FEDI. ROME LOAN MI6 °CAPPS tOt 10 4887.157 1,190.000,00
SERIES 228 CLASS 10
6FITA4.000
REPO A
*Mr
05/16105 JOURNAL UNITED STATES TREASURY NOTE MIN 40.000.000 39.400.000,00
FITM Hip A2
4.000 15
TERM REPO AGREEMENT
05/16/05 JOURNAL LIMED TALES TREASURY NOTE .40.000.000 39.900.000,00
FITM Al
FINANCIAL TRUST CO INC
STATEMENT PERK* April 30.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER WEISER On FIk
LAST STATEMENT *11 29.2005
4.125 15
REPO AGREEMENT
027 06014S:09:M 001 7878
CLEARED THROUGH ITS
MIDST OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
27 o
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRANSACDON DESCRITMON SYME/MICUSIP OWNTITY DEBIT AMOUNT CREDIT AMOUNT
05116/05 INTEREST FEDERAL NATIONAL MTO ASSN 30,598.14
05/16,65 INTEREST
SERIES 329 CLASS PO
STRIP
DUE 01.01 0.000
ATM CZ
REPO I
FEDERAL NATIONAL MTG ASSN 33,880,89
SERIES 352 CLASS 1
DUE 07301 0.001
ATM AZ
REPO I
OS/16.95 INTEREST FEDERAL NATIONAL MTO ASSN 1111111 11,531,12
0916.05 INTEREST
SERIES 353 CLASS 2
DUE 073.0. 5.000
ATM AZ
REPO I
FEDL HOME LOAN MTG OCAPPS10709 3.955.67
SERIES 227 CLASS 10
DUE 171.0. 6.000
FITM BZ
REPO I
05 116.05 INTEREST FEDL HOME LOAN MTG GailutStOt 10 NMI 887.48
05116,05 INTEREST
SERIES 228 CLASS 0
DUE Oil. 6.000
FITM AZ
REPO I
FEDL HOME LOAN MTG COBH/SIDIIC .136.96
051605 INTEREST
SERIES 228 CLASS Co
DUE 0 ' 6.000
FITM AZ
REPO I
uraTE0 STATES TREASURY NOTE 18,758,78
FINANCIAL TRUST CO INC
STATEMENT PERIOD *II 30.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT *11 29.2005
DUE 02/1 4.000
ATM A2
REPO I  1
027 0601.05:09:03 001 •e878
CLEARED THROUGH ITS
MIPS? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
28 c!
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRANSACTION DESORPTION
05/17105 JOURNAL FANNIE MME GAO/SERIES 2003.52
KS-I/0 FUR
FITM Al
REPO
05/17105 JOURNAL GOVERNMENT NATIONAL MTO ASSN
SERIES 2004.30 CLASS SU
4,210 110.2
FITM 81
REPO A
05/17105 JOURNAL FEDL /ME WAN lin CORPOS10110
SERIES 228 CLASS 10
6,000 lair5
FITM AI
REPO A
0518x05 JOURNAL FREOOIE MAC CMO,SERIES 2886
SC-I/0 FLTR
4,210 II.19
FITM Al
REPO A
05120105 JOURNAL FANNIE MME CATO/SERIES 2003.13
S RCR-1/0 FLTR
4,980
FITM JOINE2
TERM ENT
0520105 JOURNAL FANNIE MAE CA401SERIES 2003.13
S RCR-1/0 FLTR
4,980
FRM AI
REPO A
05.20105 JOURNAL FANNIE MAE CarteSERIES 2003.13
S RCR-1/0 FLTR
4,980 Si
FITM Alr
REPO A
SAileCrAusar
FINANCIAL TRUST CO INC
STATEMENT PERK* *1130.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT ApTII 29.2005
CA//MM DEBIT AMOUNT CREDIT AMOUNT
-17,728,728 1.008.000 ,00
-24.954.730 1.340.000,00
-6.428.013 1.113.000,00
-8.743.867 594.000,00
25.769.620
.12,884.810
.12,884.810 996,000,00
027 0601.05:09:03 001
CLEARED THROUGH 11S
YAICU.Y OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
29 c?))
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SEMEMENT MADE
DATE DATE TV0S3ACSON DESCRPSON
05/20105 DELIVERED UNITED STATES TREASURY NOTE
DUE 04/30/2007 3.625
3.625 R)aitic Em
FILM A2
TERM ENT
09/20105 RECEIVED UNITED STATES TREASURY NOTE
DUE 04/302007 3.625
3.625 011i r
FILM Al
RESALE T
05/20/05 JOURNAL UNITED STATES TREASURY NOTE
FILMApp. Al
4.125 15
REPO AGREEMENT
0512005 JOURNAL MATEO TALES TREASURY NOTE
FILM A2
4.125 15
TERM REPO AGREEMENT
SYMEICIAUSIP
FINANCIAL TRUST CO INC
STATEMENT PERIOD April 30.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT April 29.2005
MAMMY DEBIT AMOUNT CREDIT AMOUNT
-65.000.000 65.162.500.00
78.000.000 78.292.500.00
-30.000.000 29.925.003.00
40.000.000 39.900.000 .00
09/20105 INTEREST MATEO STATES TREASURY NOTE
DUE 04/W. 1.625
27,241,55
05120/05 INTEREST UNITED STATES TREASURY NOTE
DUE 05/1116 A 1 2 5
FILM
REPO Ihr
12,889,92
05/23/05 RECEIVED UNITED STATES TREASURY NOTE
DUE 04/30/2007 3.625
3.625 Cla17
FILM Al
RESALE T
48.000.000 48.180.000.00
09/23/05 DELIVERED UNITED STATES TREASURY NOTE
DUE 04/30/2007 3.625
3.625 a 7
FILM A2
TERM EEMENT
-78.000.000 78.292.500.00
027 E601.05:09:03 001 '. 878
CLEARED THROUGH ITS
INIICtLY OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
30 ci ))
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
nice
DATE
TMOE
DATE TRANSACTION DESCRFTION ST1.10CliCtISIP OTHATTITY Oen ;wow CREDIT AMOUNT
05/23/05 INTEREST malt° STATES TREASURY NOTE 17,681,06
DUE 04/30=" II  l7_ •-3.625
lb
0924/05 DELIVERED UNITED STATES TREASURY NOTE MEM -48.000.000 48.180.000.00
DUE 04/302007 3.625
RIM A2
3,625)117
TERM EMENT
05/24105 RECEIVED LINiTED STATES TREASURY NOTE MIS 61.000.000 61.305.000 ,00
DUE 04/30/2007 3,625
RIM Al
3,625 1S t
RESALE T
05124105 JOURNAL UtaTED TATES TREASURY NOTE MIS -20.000.009 20.050.000.00
FITM Al
4,125 15
REPO AGREEMENT
06/24105 JOURNAL UNiTED ASURY NOTE 30.000.000 29.925.000.00
FITM A2
4.125 15
TERM REPO AGREEMENT
05/24/05 INTEREST mei STATES TREASURY NOTE 602.25
DUE OM '  1,625
05/24/05 INTEREST UNITED STATES TREASURY NOTE 9.800,44
DUE OS/ 4,125
FITM A2
REPO I
0512905 JOURNAL FEDERAL NATIONAL MTG ASSN 647.064 479.000,00
SERIES 346 CLASS 1
DUE I 1
FITM A2
TERM MENT
FINANCIAL TRUST CO INC
STATEMENT PERIOD *11 30.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER NumeER On File
LAST STATEMENT *11 29.2005
027 Da0i.05:09:02 001 va7a
CLEARED THRouGH ITS
yniCu.Y OmED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
31 cI>x
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRANSACTION DESCRFRON SYMeCt,CUSIF OVANTITY OMIT AMOUNT CREDIT AMOUNT
05/2905 JOURNAL FEDERAL NATIONAL MD ASSN -7.110,602 3.800.000 .00
SERIES 346 CLASS 1
FILM Al
DUE 11AMil i
REPO
05125105 JOURNAL FEDERAL NATIONAL MTO ASSN VIM 6.463.537 4.666.000.00
SERIES 346 CLASS 1
FILM C2
DUE 11.I.
TERM MENT
06/26/05 JOURNAL FEDL ICA WAN MI6 CORPeSt0i09 2.409,100 516.000.00
SERIES 227 CLASS 10
S4300411. 1" 134A2 FILM
TERM MENT
0512905 JOURNAL FEDL NOME LOAN MTG 0C4IPeS10709 Min 8.190,940 1.729.000,00
SERIES 227 CLASS I0
S4300FILM 31111 462
TERM AAENT
0512905 JOURNAL FEDL !ME LOAN MTG CORPOSI0109 8.672,760 1,887.000,00
SERIES 227 CLASS I0
S.000FILM 30. 462
TERM MENT
092905 JOURNAL FEDL !ME WAN MI6 CORP#S10t09 -19,272.801 3.951.000,00
SERIES 227 CLASS 0
FSITMJ"  WC1 REPO A
092905 JOURNAL FREDOIE MAC CMOSER1ES 2886 .8.743.867
SC-L'0 FUR
FINANCIAL TRUST CO INC
STATEMENT PERK* April 30.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER WEISER On Fee
LAST STATEMENT April 29.2005
4.210 19
FILM Al
REPO A
027 060i,05:09:03 001 V878
CLEARED THROUGH ITS
MIDST OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
32 ci
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRANSACRON DESCRSTON SYMEMCUSIP PARTIN DEBIT AMOUNT
092905 JOURNAL FREDDIE MAC CMO,SERIES 2886 8.743.867 594,000,00
SC-1/0 RJR
4,210RIII19
FITM A2
TERM MENT
05.'25/05 JOURNAL FEDL FINE LOAN MIG CORPt/S10110
SERIES 228 CLASS 0
6F,000
A2
TERM MENT
05:25,05 JOURNAL FEDL TOME WAN TAM CORP#S10110
SERIES 228 CLASS 10
6,000 5
FITM A2
TERM MENT
0512905 JOURNAL FEDL HOME WAN MTG OCANIS10110
SERIES 228 CLASS 10
6,0003.035
FITM A2
TERM MENT
0512905 JOURNAL FEDL TOME LOAN MTG CORPoSioi 10
SERIES 228 CLASS 10
6,00011.35
FITM A2
TERM MENT
05125/05 JOURNAL FEDL TOME LOAN MI6 OCAPPS10110
SERIES 228 CLASS TO
6,000
FITM  glidaliPsA2 TERM RelrE IMMENT
05125/05 JOURNAL FEDL /CM LOAN MIG CCAP8S10110
SERIES 228 CLASS 10
6,000 11.35
FITM 81
REPO A
FINANCIAL TRUST CO INC
STATEMENT PERIOD April 30.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER NLAISER On File
LAST STATEMENT April 29.2005
CREDIT AMOUNT
918,287 162.000,00
1.836.575 333.000,00
2.295.719 415.000,00
6.428,013 1,113.000,00
6.887,157 1,190.000,00
.18,365.752 3,000.000 ,00
027 0601.05:09:03 001 Y878
CLEARED THROUGH ITS
?imply OMYRO SUBSIOARy
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
=Pm 33
Transaction Detail (continued)
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS
SETTLErADR
DATE
0925/05
TMDE
DATE TRANSACTION
JOURNAL
DESORPTION
UMTEO STATES TREASURY NOTE
ATM Amp A2
4,125 15
TERM REPO AGREEMENT
(continued)
05/25/05 JOURNAL
Frrm 4.125
REPO AGREEMENT
UMTEO STATES TREASURY NOTE
Al
STMECLCvSly MAMMY
20.000.000
own /MUM
20,050,000.00
FINANCIAL TRUST CO INC
STATEMENT PERIOD *11 30.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT April 29.2005
CREDO' AMOUNT
23.000.000 23,143,750.00
05/25/05 INTEREST FEDERAL NATIONAL MTO ASSN
SERIES 346 CLASS
DUE 11.0 0.000
FRM A2
REPO I
919.28
05/25/05 INTEREST FEDERAL NATIONAL MTO ASSN
SERIES 346 CLASS I
DUE 11!  0.000
ATM C2
REPO I  a
5.969.89
0925/05 INTEREST FEDL NOME LOAN LUG CCAPaS10109
SERIES 227 CLASS 13
DUE Ilia 5.000
ATM A2
REPO I
565.88
05.025/05 INTEREST FEDL HOME LOAN MTO CCAPRS10109
SERIES 227 CLASS 10
DUE flai l  5.000
ATM 62
REPO I
1.422.10
05.025/05 INTEREST FEDL HOME LOAN MTO CCAPRS10109
SERIES 227 CLASS 10
DUE I los  5.000
ATM 52
REPO I
2,414.31
05/25105 INTEREST FREDDIE MAC CMO/SERIES 2886
SC-90 FUR
DUE Oil. 4.210
ATM A2
REPO I
380.00
027 0601.05:09:C0 001 11878
CLEARED THROUGH ITS
MIPS? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION DESORPTION STMEIWCUSIP QUANTITY OMIT AMOUNT CREDIT AMOUNT
05/25105 INTEREST FEDL NOME LOAN MTO CORPaS10110 177,66
SERIES 228 CLASS 10
DUE 07jaris 6,000
FITM A2
REPO I
05125105 INTEREST FEDL NOME LOAN MTG CORPI.S10t 10 EMI 426,05
SERIES 228 CLASS 10
DUE lip 6,000
ATM A2
REPO I
06/2906 INTEREST FEDI. NOME LOAN MTG 00APdStOi 10 530,97
SERIES 228 CLASS 13
DUE 07.0 6,000
FITM A2
REPO I
0512905 INTEREST FEDL NOME LOAN MTG CORP#S1OI 10 813,73
SERIES 228 CLASS 10
DUE 0711. 6,000
FITM A2
REPO I
0512905 INTEREST FEDL NOME LOAN MTG CORPoS oi IC 978,78
SERIES 228 CLASS 10
DUE Oak. 6.000
FITM A2
REPO I
0512905 INTEREST UMTEO STATES TREASURY NOTE NMI 1.598,43
DUEOSJ 4,125
FITM A2
REPO I
092905 JOURNAL FANNIE MAE CmOSERiES 2003-13 12,636.068
S RCR-1,0 FOR
4,910
A2 RIM
A 3
. TERM MENT
FINANCIAL TRUST CO INC
STATEMENT PERK* W130.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER WEISER On File
LAST STATEMENT ApT11 29.2005
027 0601.05:09:03 001 Y878
CLEARED THROUGH ITS
WHOLLY OMED SUBSIDIARY
BUR
STBMZNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
35 c.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
FINANCAAL TRUST CO INC
STATEMENT PERK* WI 30.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER Ai/' ER On File
LAST STATEMENT *11 29.2005
ROWAN' TRADE
DATE DATE TRANSACTION DESCRITTON SYMBOL,OVSIP OV$NTIW DEBIT AMOUNT cnEor AMOUNT
05,26/05 JOURNAL FANNIE MAE CMG/SERIES 2003.13 -6.318.034
S RCRAŽO FLTR
4.910Aliiiiir
FITM Al
REPO
05/26105 JOURNAL FANNIE MAE CMOSERIES 2003.13
S RCR-I10 FLTR
4.910 1133
FITM Al
REPO A
05127/05 DELIVERED UNTED STATES TREASURY NOTE
DUE 04t302007 3.625
3.625. 117
FITM A2
TERM e EMENT
05/27105 JOURNAL LINiTED STATES TREASURY NOTE
FITM Hip A2
4.125 15
TERM REPO AGREEMENT
05127105 JOURNAL TINTED YATES TREASURY NOTE
FITM Al
0.125 .15
REPO AGREEMENT
-6.318.034 525.000.00
-61.000.000 61.305.000.00
23.000.000 23.143.750.00
-38.000.000 38.095.000.00
05.27105 INTEREST MATEO STATES TREASURY NOTE
DUE 04/111 .625
10,898.67
0527'05 INTEREST UNIDO STATES TREASURY NOTE
DUE 05ini. A€.125 21
FITM
REPO Ihr
3.613.00
027 0600S:09:CO 001 V878
CLEARED THROuGH ITS
wisCtLY OW,E0 SUEISIOally
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
=Pm 36
Transaction Detail (continued)
REPURCHASE AND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE 1TIANSACRON DESCRIMON
05/31705 RECEIVED MATEO STATES TREASURY NOTE
DUE 05131/2007 3.500
3.500 lik•
FIRM Al
RESALE
STMEICISCUSIP OUANTITY DEBIT AMOUNT
54.000.000 54000000 .00
I STean SPCmit' GoI
FINANCIAL TRUST CO INC
STATEMENT Amon April 30.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER PANDER On File
'Ayr STATEMENT *11 29.2005
CREDIT AMOUNT
TOTAL $857.808.788.09 $593,316.16207
MISCELLANEOUS
DATE
MODAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREPT AMOUNT
OS02)05 JOURNAL FR CMDY NC 153.010.50
05/03/05 JOURNAL TO CMDY A/C 79.838.50
05/04105 JOURNAL FR CMDY NC 107.505.00
OS06+05 JOURNAL TO CMDY NC MI. 158.04/1.41
05/0945 JOURNAL FR CMDY NC 70660.50
05/1045 JOURNAL FR OMER NC 109.576.00
OS/12)05 JOURNAL TO CMDY NC 173.287.00
05/12105 JOURNAL FNMA-30YR(FNMA)GTO 43.750.00
SER.05/05
5.000 DUE 05101/35
MBS NET 05112/05
05/12105 JOURNAL FNMA-30YR(FNMA)GTO 50000.00
SER.05/05
5.500 DUE 05101/35
MBS NET 05112/05
05/16105 JOURNAL TO CMDY NC 106.290.00
05/I 845 JOURNAL FR CMDY NC 21.651.00
0919)05 JOURNAL TO GAM NC 611.641$0
027 0601,06:09:02 001 YSTS
CLEARED THROUGH ITS
WHOLLY OM.E0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
FINANCIAL TRUST CO INC
STATEMENT PERIOD WI 30.2005
THROUGH May 31.2005
Transaction Detail (continued)
MISCELLANEOUS (continued)
DATE
maw TRANSACTION DESCRIPTION DEBT AMOUNT
ACCOUNT NUMBER
TAXPAYER AVUSER ON File
LAST STATEMENT April 29.2005
CTECIT AMOUNT
05120+05 JOURNAL FR CMDY NC 156.062.50
05/23/05 JOURNAL FR CMDY NC 127.115.50
05/24105 JOURNAL TO CMDY NC 154.789.50
05/2905 JOURNAL APR 05 SPEC CLEARING FEES 1.600,00
05/2905 JOURNAL TO CMDY NC 274.164.00
05/2645 JOURNAL CORRECT PRIOR ENTRY 5125 300.00
APR OS SPEC CLEAR FEES
05/26.105 JOURNAL TO CMDY AC 56.300.00
0527105 JOURNAL FR CMDY AC 95.850.00
05131:05 JOURNAL FR CMDY AC 960.00
TOTAL S.1.616254.91 $936.131.00
Trades Executed Pending Settlement
SETRE1AENT TRADE
DATE DATE TRANSACTION DESORPTION STME/OUCUSP CAJANMY PRICE DEBIT AMOUNT GRECO AMOUNT
0602105 05/27105 BOUGHT ALTERNATIVE LOAN TRUST 37.701.010 .00 2.1562 827.671.71
SERIES 2000-300B CLASS I -A-S
02.080%
57050000 BS
027 0601.05:09:03 001 YB78
CLEARED THROUGH ITS
MIPS? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
38 0
Trades Executed Pending Settlement (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION
07/14105 05/06/05 SOLD
07/14105 05/19/05 BOUGHT
07/14105 0523/15 BOUGHT
07/I4/05 05/06105 SOLD
07/I4/05 05/26705 SOLD
TOTAL
DESCRPTION
FNMA 30YR TBA OTD
SETT. 07105
01/411005.000%
57440000 BS
FNMA-30TR(FNMA)GID
SETT.07/06
layillia05.500%
57050000 BS
FNMA-30TR(FNMA)GID
SETT.07/06
57100000 BS
FNMA 300LiFNMAIGID
SETT,0706
57450000 BS
FNMA 30YRiFNMAIGTD
SETT,07 06
F 05.500%
57180000 BS
The chore Peons cti nol (ppm in airy cling saban o1 Iho staIerneet
End of Statement
FINANCIAL TRUST CO INC
STATEMENT PERIOD April 30.2005
THROUGH May 31.2005
ACCOUNT NUMBER
TAXPAYER MAIIIIER On File
LAST STATEMENT April 29.2005
SWEID..CUSI> OJANTIP PRCE DEPT AMOUNT MCP AMOUNT
-30.000.000 .00 98.5195 29.555.859 .38
30.000.000.00 100.867l 30.260.156.25
30.000.000.00 101 30.300.000.00
-30.000.000.00 100.5156 30.154.687 .50
-60.000.000 ,00 100.9531 60.571.875 .00
$61.387.827.96 ST 20.282.421.88
027 060105:09:03 001 T178
CLEARED 1HRCO3H ITS
WHOLLY 01MNIED SUBSIDIARY
B
STURUR NS
OFFICE SERVICING YOUR ACCOUNT
S mear. Stearns & Co. Inc.
ACCOUNT EXECUTIVE GNMA GOVT BOND
VISIT OUR WEBSITE wymr.bearstearns.com
What's In This Statement
Financial Summary 3
Your Portfolio Holdings  4
Transaction Detail  7
Trades Not Yet Settled  36
Your Portfolio at a Glance
TOTAL VAWE OF SECURITIES THIS PERIOD 2.900.677
LONG ACCRUED INTEREST 49.699
NET CREDIT BALANCE 180,992
NET EQUITY THIS PERIOD S3,131,368
NET EOINTY LAST STATEMENT 3.471,276
CHANGE SINCE LAST STATEMENT -339,907
There are no 'Stop Loss' orders or other pending buy
or sell open orders on file for your account.
IIIIIIIIII1111111 I I
FINANCIAL TRUST CO INC
CIO JEFFREY EPSTEIN
6100 RED HOOK QUARTER
STE B3
ST THOMAS VI 00802
Market Value of Your Portfolio
Cash a Equvalent -IP $180.992
tr $77.668
Fixed
Income  411677
.............. $1335.615
IN Current market vane
gig Last statements market value
FINANCIAL TRUST CO INC
STATEMENT PERIOD April 1. 2005
THROUGH April 29.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT MVO 31.2005
St no. S'ennirY r; awnabomi Reposes My It Is rid vendedacne. dee:wore
Tres statecnore should be Maned ex your records. Soo renews.* tot topodare nrconatco
027 043005:11:24 001 1877
GEARED IHROUGH ITS
WHOLLY OMAIED $1.1190MAv
FINANCIAL TRUST CO INC
2 oi 37
STATEMENT BACKER IS PRINTED ON THIS PAGE
027 04 ,3005:11:24 001 V877
CLEARED THROUGH ITS
YilICtLY OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
3 o
Cash Flow Analysis
THIS PERIOD
Income Summary PERIOD YEAS TO DATE
Opening Balance $77.667.54 U.S. Govt. Bond Int. 185.544.78 2.696.00t23
Govt. Agency Int. 552.438.36 2.574.774.36
Securities Sold 1,359,111,947.26 Corp. Bond Int. 113.515.89 488,52726
Dividends Interest 852.373.23 Credit Balance Int. 874.20 2,83420
Miscellaneous 2,204,993.35 Reverse Repurchase Int. 167.202.34 993,733.64
Amount Credited 81,362,169,313.84 Total $1 019 575.57 $6 755 871.39
Securities Bought -1,358,335,855.07 Bond Purchase Int. -925.716.62 -4.426,001.99
Dividends/Interest Charged -925.716.62 Repurchase lnt. Exp. -242.166.81 -642,85923
Miscellaneous -2,804.417.29
Amount Debited $-1.362.065.988.98
Portfolio Composition Net Cash Activity 103,324.86
CashtCash Equivalent 180,992
ClosingBalance $180,992.40 Fixed Income 2.900,677
Total $3,081,669
Cash Balance Summary
OM. NG CLOSING
Margin 77.667.54 180,992.40
Net Cash Balance $77,667.54 $180,992.40
027 04.3005:11:24 001
FINANCIAL TRUST CO INC
STATEMENT PERK* 1.2005
THROUGH April 29.2005
ACCOUNT NUMBER
TAXPAYER WESER On File
LAST STATEMENT March 31.2005
Your Portfolio
Allocation
Cash & Equivalent-,
5%
— Fixed Income
95%
Umeeled Graces emote OW beam", *eke Veil
male valve Tea oloteee revenue, 0 Owed
Icon to enaLte market rate pi >ye peen"
CLEARED THRouGH 115
ieniCu.Y OmED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
4 cI '3?
Your Portfolio Holdings
CASH & CASH EQUIVALENTS
DESCPrION
CASH BALANCE
S.-AiSCLOSIP
IAAPJ<ET ESTIMATED CuRRENT
OurdaiTy pi:DcE vALuE !Mu& MCCUE VELD is.)
180.992
TOTAL CASH & CASH EQUIVALENTS $180.992
FIXED INCOME
Government & Agency Obligations
ACCT
DESCRPRON SWA3OLCUSP TYPE
FINANCIAL TRUST CO INC
STATEMENT PERK* 1. 2005
THROUGH WI 29.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST sTATELIENT Mardi 31.2005
ACCRUED ESTRUM CURRAN
PRICE MARKET VALLE MEREST ANNUAL INCOME YEID
FEDERAL NATIONAL MTG ASSN MRGN
SERIES 2003-49 CLASS SW
DATED DATE 04/30/03
BOOK ENTRY ONLY
DUE 01/25/2033 3.980%
FACTOR .53416049
12,983,710 8,0124 1,040.305 5.741 516,752 49.6731
FEN. HOME LOAN NIG CORP#STCH TO MRGN 9.419,607 19.7500 1.860.372 43.958 565.176 30.3797
SERIES 228 CLASSIC
DATED DATE 02/01A35
ROOK ENTRY ONLY
DUE 02/01/2035 6.000%
FACTOR .941%062
Total Government& Agency Obligations $2.900.677 $49.699 $1.081.928
TOTAL FIXED INCOME 52.900.677 $49.699 $1.081.928
YOUR PORTFOLIOHOLOINGSACCRUED INTEREST $49.699
YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME $1.081.928
YOUR PRICED PORTFOLIOHOLDINGS $3.081.669
027 04,3005:11:24 001 Y877
CLEARED IHRCUGH ITS
WHOLLY ODYED SOMMER,
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Repurchase and Reverse Repurchase Transactions
with Bear,Stearns& Co. Inc.outstanding as of date of statement
PLROOSS REPURCHASE PROM PURCHASE PRICE; ACCRUED REPO CAPMMY
START DATE DATE RATE PRINCPAL MEREST' (FACE AMOUNT) CUSP DESCRIPTOR
I it' Go'
FINANCIAL TRUST CO INC
STATEMENT PERIOD *II 1.2005
THROUGH Apt1 29.2005
=DEMIST NUMBER
TAXPAYER PAAOER On File
LAST STATEMENT Minh 31.2005
YOU PROVIDED FEDERAL NATIONAL MTG ASSOC
(MARGIN) 02/07105 OPEN 0.000 -50.000,000 SEES 2003-13 CLASS 4.9800 oa25133
YOU SOLD FANNIEMAE STRIP
(REPO) 04/04/05 05/04/05 3.080 473,000 -1.133 -910.000 SEES 346 CLASS PO 11101133
YOU SOLD FANNIEMAE STRIP
(REPO) 04/11105 05/11/05 3.130 -10.583.000 -19.322 -30.000.000 SEES 329 CLASS PO 12/01/32
YOU SOLD FANNIEMAE STRIP
(REPO) 04/11105 05/11/05 3.130 -4.553.000 -8.313 a090.000 SEEMS 346 CLASS PO 11101/33
YOU SOLD FEDERAL HOME LOAN STRIP
(REPO) 04/11/05 05/11/05 3.130 -1.143.000 -2.086 -5.000,000 SEES 227 CLASS 10 5.0000 12/01/34
YOU SOLD FEDERAL HOME LOAN STRIP
(REPO) 04/13105 05/13/05 3.150 -556.000 -924 -2.500,000 SEES 227 CLASS 10 5.0000 12/01/34
YOU SOLD FANNIEMAE STRIP
(REPO) 04/15105 05/16/05 3.180 -11.174.000 -16.779 -30.959.779 SEES 329 CLASS PO 12/01/32
YOU SOLD FANNIE MAE STRIP
(REPO) 04/15/05 05/16/05 3.180 -4.211.000 -6.323 -20.000.000 SEES 353 CLASS 10 5.0000 07/01/34
YOU SOLD FREDOIEMAC STRIP
(REPO) 04/15/05 05/16/05 3.180 -3.665.000 -5.503 -20.000.000 SEES 228 CLASS 10 6.0000 02/01/35
YOU SOLD FANNIE MAE STRIPS
(REPO) 04/20/05 05/16/05 3.200 -14.660.000 -15,637 -23.000.000 SEES 352 CLASS PO 07/01/34
YOU SOLD FEDERAL HOME LOAN STRIP
(REPO) 04/22105 05/16/05 3.230 -1.837.000 -1.648 -8,500,000 SEES 227 CLASS 10 5.0000 12/01/34
027 04/30.01:11:24 001 4/77
CLEARED THROUGH ITS
WHOU.Y omeo SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
6 o
Repurchase and Reverse Repurchase Transactions (continued)
with Bear,Stearns& Co.inc.outstanding as of date of statement (continued)
PURCHASE/ REPURCHASE PRICING PURCHASE HIVE£ ACCRUED REPO WINTRY
START DATE DATE RATE PAINCTPAL MEREST' (FACE AMOUNT) CUSP DESCRIPTION
FINANCIAL TRUST CO INC
STATEMENT PER100 ARM 1. 2005
THROUGH *11 29.2005
ACCOUNT NUMBER
TAXPAYER PMUSER CR Fite
LAST STATEMENT M&Ch 31.2005
YOU SOLD FREOCHEMAC STRIP
(REPO) 04/22/05 05/16105 3.230 -528,000 -473 -3.000,000 SERIES 228 CLASS 10 6,0000 02/01/36
YOU PROVIDED FREDDIEMAC STRIP
(MARGIN) 04/22,05 OPEN 0,000 -7.000.000 SERIES 228 CLASS 10 6,0000 02/01/36
YOU PROVIDED GOVERNMENT NATIONAL MTG ASSOC
(MARGIN) 04/25105 OPEN 0,000 -26.400.000 SERIES 2004-5 CLASS P 3,9600 02/20/33
YOU SOLD FEDERAL HOME LOAN STRIP
(REPO) 04,25/05 05711105 5,130 -536.000 -534 -2.500.000 SERIES 227 CLASSIC sp000 12/01/34
YOU PROVIDED FEDERAL HOME LOAN STRIP
(MARGIN) 04,25105 OPEN 0.000 -1,500,000 SERIES 227 CLASSIC 5.0000 12/01/34
YOU SOLD USTR 4,0000 02/15/15
(REPO' 04:29;05 OPEN 2.750 -59.400.000 -13.612 -60.000.000
TOTAL REVERSE REPURCHASE TRANSACTIONS $0 $0
TOTAL REPURCHASE TRANSACTIONS S-113.319.000 $42,287
'As ct skyorrom dr.*
027 01,30'05:11:24 001 YS77
CLEARED THROuGH ITS
wisCtLY CAM,E0 SUBSIOally
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail
INVESTMENT ACTIVITY
SETTLEMENT
DATE
TRADE
DATE TRANSACTKIN
04/01105 03/31/05 BOUGHT
04101105 03/31105 SOLD
04/01/05 03/31105 SOLD
04/07/05 PRINCIPAL
04108/05 04/07105 BOUGHT
04/13/05 03/1645 BOUGHT
04/13105 03/14105 BOUGHT
DESORPTION
UNITED STATES TREASURY NOTE
1.0.3.000% M 30
MATURITY
GVER REF # G0901002 Al
UNITED STATES TREASURY NOTE
03.750% MS 31
MATURITY
GVER REF # G0901006 Al
UNITED STATES TREASURY NOTE
03.750% MS 31
0 MATURITY
GVER REF # G0901006 BI
FEDL HOME LOAN MTG CORN/5101M
SERIES 228 CLASS 10
6.000 DUE 02101/35
PRINCIPAL REDUCTN 04-15-05
UNITED STATES TREASURY NOTE
DUE 02/15/2015 04.000% FA 15
SPECIAL INSTRUCTIONS
YIELD 4.412 % M MATURITY
GVER REF # G0970029 A7
AS OF 04/07105
FNMA 30111 OTO
SETT. 04/05
Wit. 5.10:00 %7 0 BS
NMA 30 fR GTD
SETT. 0405
05.000%
57280000 BS
I it' GoI
FINANCIAL TRUST CO INC
STATEMENT PERK* *II 1.2005
THROUGH WI 29.2005
ACCOUNT NUMBER
TAXPAYER AMMER Cfl File
LAST STATEMENT MVO 31,2005
STMEIOLCUMP CIVANTRY PRICE DEBIT AMOUNT GRECO' AMOUNT
50,000,000
ACM INT.
98.73047 49,365,234.38
377.071.82
MIS -30.000.000 99.91406 29.974,21B .75
ACCR, INT. 3.073.77
-50.000.000 99.91406 49.957.031 .25
ACCR, INT. 5.122.95
MIN -335.609
El= 40.000.000 96.73438 38,693,750.00
ACCR. 229,834.25
MIMI 5.000.000 97.93359 4.896.679.69
10.000.000 97.71094 9.771.093.75
021 04.3C•OS:l 1:24 ODI vs>,
CLEARED THROuGH ITS
WHOLLY omeo SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
8 ci
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACT/DTI
04/1395 03/08(05 CANCEL SELL
04/1345 0310945 CANCEL SELL
04/13:05 03115(05 BOUGHT
04/13(05 03/14105 CANCEL SELL
04/13/05 03/18/05 CANCEL SELL
04/13(05 03/18(05 CANCEL SELL
OESCRPTION
FNMA 30YR GTO
SETT. 04/05
05.000 +:
AS OF 03.08(06
TO CXL PREVIOUS SELL
FNMA 30YR GTO
SETT. 0495
AS OF 03/09(05
TO CA. PREVIOUS SELL
FNMA 30YR GTO
SETT, 04/05
1101 505.000%
FNMA 30YR GTO
SETT 04/05
05.000%
AS OF 03/14(05
TO CA. PREVIOUS SELL
FNMA 30YR GTO
SETT. 04(05
illilik s05.000%
AS OF 03(18(05
TO CXL PREVIOUS SELL
FNMA 30YR GTO
SETT. 04/05
05.000
AS OF 03/18(05
TO CA. PREVIOUS SELL
FINANCIAL TRUST CO INC
STATEMENT PERK* *II 1.2005
THROUGH April 29.2005
ACCOUNT NUMBER
TAXPAYER IMMER Cn Flle
LAST STATEMENT Ukiah 31.2005
STUE/OLCUSP OVANTITY ma DEBIT AMOUNT CFEDI A/lOcter
BS
10.000.000 98.48875 9.846.875.00
NMI 15.000.000 97.92188 14.688.281.25
BS
20.000.000 97.57813 19.515.625.00
BS
20.000.000 97.65625 19.531.250.00
BS
20.000.000 97.91016 19.582.031.25
BS
20.000.000 97.92188 19.584.375.00
BS
027 04300S:11:24 001 .87?
CLEARED THROuGH ITS
WHOLLY omeo SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
9 ci P:•
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION
04/13/05 03/09105 CANCEL SELL
04/13/05 03/0845 CANCEL SELL
04/13105 03/21105 BOUGHT
04/13/05 03130:05 BOUGHT
04/13/05 03/16/05 CANCEL BUY
04/13105 03/14105 CANCEL BUY
DESORPTION
FNMA 30YR OTO
SETT. 04/05
05.000i
AS OF 03,09 OS
TO CAL PREVIOUS SELL
FNMA 30YR OM
SETT, 04'05
06.000
AS OF 03/138t05
TO CM. PREVIOUS SELL
FNMA 30YR OTO
SETT, 04/05
1011111.05.000%
FNMA 30YR OTO
SETT 04/05
05.000%
FNMA 30YR Om
SETT, 04/06
05.000%
AS OF 03l6:05
TO CXL PREVIOUS BUY
FNMA 301R GTO
SETT. 04105
101.1.05.000%
57280000 BS
AS OF 0114'05
TO CXL PREVIOUS MN
FINANCIAL TRUST CO INC
STATEMENT PERK* APII 1.2005
THROUGH &XII 29.2005
ACCOUNT NUMBER
TAXPAYER IMMER Cn File
LAST STATEMENT Ukiah 31.2005
10.100..CuSP OVANMY PRICE DEBIT AMOUNT CFEDI A/lOcter
20.000.000 97.99219 19.598.437.50
BS
20.000.000 98.53125 19.706.250.00
BS
40.000.000 97.75000 39.100.000.00
BS
50.000.000 97.39844 48.699.218.75
BS
-5.000.000 97.93359 4.896.679.69
BS
-10.000.000 97.71094 9.771.093.75
027 04300S:11:24 001 V877
CLEARED THROWN ITS
WHOLLY OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
10 II?
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION
04/13/05 03/08/05 SOLD
04/13/05 03/0945 SOLD
04113/05 03/15+05 CANCEL BUY
04/13+05 03/14105 SOLD
04/13+05 03/18+05 SOLD
04/13+05 03/18+05 SOLD
04/13+05 03/09/05 SOLD
DESCRIPTION
FNMA 30YR GTO
SETT, 04/05
05.033%
FNMA 30YR GTO
SETT. 0405
, 05.000%
FNMA 30YR GTO
SETT, 04/05
111.1.5.000%
AS OF 03/1545
TO CM. PREVIOUS BUY
FNMA 30YR COD
SETT, 04/05
00/0005.000%
FNMA 30YR 01D
ETT, 04 ,05
05.000%
FNMA 30YR GTO
SETT. 04;05
FNMA 30YR WO
S . 04;05
FINANCIAL TRUST CO INC
STATEMENT PERIOD ADM 1.2005
THROUGH *11 29.2005
SIMEID:CuSP 0,AWNT,
ACCOUNT NUMBER
TAXPAYER NLM3ER
LAST STATEMENT
PRICE DEBIT AMOUNT
OR File
MVO 31.2005
CREDO AMOUNT
BS
40,000.003 98.46875 9.846.875.00
11111 -15.000.000 97.92188 14.688.281 .25
BS
11111 -20.000.000 97.57813 19.515.625 .00
BS
-20,000.000 97.65625 19.531.250 .00
BS
-20.000.000 97.91016 19.582.031 .25
BS
-20.000.000 97.92188 19.584,375 .00
BS
NMI -20.000.000 97.99219 19.598.437 .50
05.000%
57320000 BS
027 04300S:11:24 001 .87?
CLEARED THROUGH ITS
WHOLLY CIMS*0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION
04/13105 03/08/05 SOLD
04/13105 03/21105 CANCEL BUY
04/13105 03,030105 CANCEL BUY
04113105 03/14105 BOUGHT
04/13105 03/1645 BOUGHT
04/13105 03/08/05 CANCEL SELL
OESCRPTION
FNMA 30YR GTO
SETT. 04/05
05.000%
7670000 BS
FNMA 30YR GTO
SETT. 04/05
1.1005.000%
57140000 BS
AS OF 03/21/05
TO CXL PREVIOUS BUY
FNMA 30YR GTO
SETT. 04/05
05.000%
7320000 BS
AS OF 03/30/05
TO CM. PREVIOUS BIN
FNMA 30YR GTO
SETT 04/05
05.500%
57290000 BS
FNMA 30YR GTO
SETT, 04/05
7240000 BS
FNMA 30YR GTO
SETT 04/05
05.500%
8150000 BS
AS OF 03.08105
TO CM. PREVIOUS SELL
I
FINANCAL TRUST CO INC
STATEMENT PERK* * 11 1. 2005
THROUGH Apt1 29.2005
ACCOUNT NUMBER
TAXPAYER PAINTER On File
LAST STATEMENT MVO 31.2005
SYMEIOLCUS, oawrin PRCE DEBIT AMOUNT CREWE MOINE
-20.000.000 98.53125 19106,250 .00
-40.000.000 97.75000 39.100000 .00
-50.000.000 97.39844 48.699.218 .75
5.000.000 100.13281 6.006.640.63
5.000.000 100.26563 5.013.281.25
10.000.000 100.70703 10.070.703.13
021 04.3C•Otr:11:24 ODI Y87/
CLEARED THROUGH ITS
WHOU.Y onneo SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
12 ci ((
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACI109
04/13/05 03/09105 CANCEL SELL
04/13/05 03109.'05 CANCEL SELL
04/I 3.85 03/29105 BOUGHT
04113.85 03(30(05 BOUGHT
04/13/05 0311485 CANCEL BUY
04/13(05 03/16105 CANCEL BUY
OESCRIPTION
FNMA 30YR OTO
SETT, 04/05
AS OF 03(09(05
TO CAL PREVIOUS SELL
FNMA 30YR OTO
SETT, 04105
05,500
AS OF 03409(05
TO CXL PREVIOUS SELL
FNMA 30YR GTO
SETT, 0405
illiga0105.503t.
As OF 032905
FNMA 30YR GT D
SE II , 04.05
1111.05.503%
FNMA 30YR 010
ETT, 0405
05.500%
AS OF 03/14/05
TO CXL PREVIOUS BIN
FNMA 30YR OTO
SETT, 04/05
1.01105.503 ,4
57240000 BS
AS OF ca mos
TO Ca PREVIOUS BIN
FINANCIAL TRUST CO INC
STATEMENT PERK* )9310 1. 2005
THROUGH *11 29.2005
SIN00...CLISP OHNTITY PRICE
AGLOW! NUMBER
TAXPAYER NASSER
LAST STATEMENT
DEBIT AMOUNT
Cn File
Merck 31.2005
CFEOIA/hOcter
15.000.000 100.28125 15.042.187.50
BS
20.000.000 100.34766 20.069.531,25
BS
20,000.000 101.48438 20.296.875.00
BS
35.000.000 99.81250 34.934.375.00
BS
-5.000.000 100.13281 5.006.640.63
BS
Siff -5,000.000 100.26563 5.013.281.25
027 04300S:11:24 001 .87?
CLEARED THROUGH ITS
Yi/IDALY OBS*0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION
04/13105 03/08/05 SOLD
04/13105 03/09/05 SOLD
04113+05 03/09.05 SOLD
04113105 03/29.'05 CANCEL BUY
04/13:05 03:30:05 CANCEL BUY
04/13+05 03/29.'05 CANCEL SELL
0E5CnenON
FNMA 30Th GTO
sSEIT. 04/05 05.500%
8150000 BS
FNMA 30Th 010
SETT, 04/05
05.50054
7390000 BS
FNMA 30YR OTO
SETT, 04/05
7280000 BS
FNMA 30YR OTO
7130000 BS
AS OF 0129. 105
TO C)3. PREVIOUS BUY
FNMA 30YR OTO
SETT, 04/05
05.500%
7390000 BS
AS OF 0340.105
TO CIO- PREVIOUS BIN
FNMA-30YR(FNMA)01D
SETT 04'05
06.000%
57090000 BS
AS OF 03.29 05
TOGO. PREVICUS SELL
1. SIean $PCmitkf EAR
FINANCa TRUST CO INC
STATEMENT PERIOD Apt1 1. 2005
THROUGH *11 29.2005
SYMBOL:CUSP CLANTITe PRCE
ACCOUNT NUMBER
TAXPAYER PAINTER
LAST STATEMENT
DEBIT AMOUNT
On File
MVO 31.2005
clear SCUM
-10.000.000 100.70703 10.070.703 .13
-15.000.000 100.28125 15.042,187 .50
-20.000.000 100.34766 20.069.531 .25
-20.000.000 101.48438 20.296.875 .00
Illiff -35.000.000 99.81250 34.934.375 .00
SIM 20.000.000 101.71875 20.343.750.00
021 04.3C•OtKI 1:24 ODI vs>,
CLEARED THROUGH ITS
MIPS? 011X.E0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTOR
04713/05 03/30/05 CANCEL SELL
04/I 345 04/06/05 BOUGHT
04/13/05 04/07105 BOUGHT
04/I 3/05 03/2945 SOLD
04/13/05 03/30:05 SOLD
04/13/05 04/06.05 CANCEL BUY
OESCRPTION
FNMA-30YR(FNMA)GID
SETT.04105
06.009,
AS OF 03,30,05
TO CAL PREVIOUS SELL
FNMA-30YR(FNMA)G1D
SEIT.04.05
01.111 506.000,
FNMA-30YR(FNMAXDO
SETT.04/05
06.000%
FNMA-30YR(ENMA)GID
SETT.04105
FNMA-30)41(FNMA)G1D
SETT.04/05
06.000%
FNMA-30YR(FNMA)GID
SETT.04/05
06.000%
AS OF 040685
0 CxL PREVIOUS BUY
FINANCIAL TRUST CO INC
STATEMENT PERIOD April 1. 2005
THROUGH April 29.2005
AGLOW! NUMBER
TAXPAYER NLP9ER OfiFile
LAST STATEMENT Muth 31,2005
XIMEICLCUSP CSAV4MY PRICE DEBIT AMOUNT CRUM AAIDUNr
20.000,000 101,92188 20,384.375,00
BS
20.000.000 102.45313 20.490.625.00
BS
20.000.000 102.64063 20.528.125.00
BS
-20,000.003 101.71875 20.343,750,00
BS
as
-20.000.000 101.92188 20.384.375,00
-20.000.000 102,45313 20.490.625,00
BS
027 04900511:24 001 VS77
CLEARED THROWN ITS
WHOLLY OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
15 0 )?
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION DESCRIPTION SYMEICL.00SP CVANTITY PRia DEIST AMOUNT CREW AMOUNT
04/13/05 04/07105 CANCEL BUY FNMA-30YR(FNMA)GTD
SETL04105
06.000% -20.0043.000 102.64063 20,528,125.00
57250000 BS
AS OF 04/07/05
TO CAL PREVIOUS BUY
04/13/05 04/12)05 BOUGHT UNITED STATES TREASURY NOTE 20.000.000 100.10156 20,020,312.50
03.750% MS 31 ACCR, MT. 26,639.34
MATURITY
GVER REP N G1021009 Al
04/18/05 0312945 BOUGHT FNMA 30YR OTO 20.000.000 101.48438 20.296.875.00
SETT, 04/05
05.500%
57130000 BS
04/18/05 0329)05 CANCEL BUY FNMA 30YR OTD
siosSEIT. 04/05 05.500%
7130000 BS
Milli -20,000.000 101,48438 20.296.875 MO
AS OF 03)2945
TO C)1. PREVIOUS BUY
04/18/05 03115+05 CANCEL SELL FNMA-15YR(FNMA- %GTO 20.000.000 97.74219 19.548.437.50
SETT,04105
7250000 BS
AS OF 03/15/05
TO CM. PREVIOUS SELL
04/18/05 03/14105 BOUGHT FNMA- I 5Y11(FNMA-I5)GTD 20.000.000 97.77344 19.554.687.50
SETT.0406
FINANCIAL TRUST CO INC
STATEMENT PERK* *II 1.2005
THROUGH April 29.2005
ACCOUNT NUMBER
TAXPAYER HUNTER On File
LAST STATEMENT MVO 31.2005
0.01004.500 ,4
57040000 BS
027 04300S:11:24 001 V877
CLEARED THROUGH ITS
MIMI? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SEMWENT
DATE
TRADE
DATE TRANSACTION
04/18105 03/09105 CANCEL SELL
04/18/05 03/08105 BOUGHT
04/18+05 03115+05 SOLD
04/18+05 03114+05 CANCEL BUY
04/18+05 03/09/05 SOLD
04/18+05 03/08105 CANCEL BUY
OESCRIPTION
FNMA-15YR(FNMA-15)1TD
SETT,04105
01.01 04,500%
AS OF 03,09,05
TO C/3. PREVIOUS SELL
FNMA-15YRIENMA. 151GT0
FNMA-15YR(FNMA-15)GTO
SETT,04+05
04,500%
FNMA- I SYNFNMA. 151GT0
SETT,04105
AS OF 03/14+05
TO CXL PREVIOUS BUY
FNMA-15YR(FNMA. StOTO
SETT,04105
' 7590000
FNMA-15YR(FNMA-15)GTO
SETT 04105
04500%
7680000 BS
AS OF 03/08105
TO CM. PREVIOUS BUY
FINANCIAL TRUST CO INC
STATEMENT PERK* April 1.2005
THROUGH April 29.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT AMMO 31.2005
snieoucuse OUNERTE PRICE DEBIT AMOUNT CREDI A/lOcter
20,000,000 97,96313 19.590.625,00
BS
20.000.000 98,54688 19.709.375,00
BS
-20.000.000 97,74219 19.548.437 ,50
BS
-20,000.000 97,77344 19.554.687 ,50
BS
-20.000.000 97,95313 19.590.625 ,00
BS
-20.000.000 98,54688 19.709.375 ,00
027 04300S:11:24 001 V877
CLEARED THROUGH ITS
MIPS? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
17 a
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSICTON
04/18+05 03/29,05 BOUGHT
04/18/05 034045 BOUGHT
04/18105 04/06105 CANCEL SELL
04/18105 04/07105 CANCEL SELL
04/18/05 0128 ,05 CANCEL BUY
04/18/05 03/30105 CANCEL BUY
DESCRIPTION
FNMA-15YR(FNMA-15)0T0
05.500%7130000 BS
AS OF 03+29/05
FNMA-15YR(FNMA-15)GTO
SETT.04105
1011.5 05.5"7110000 BS
FNMA-ISYR(NMA-15)GTO
05.50096
7540000 BS
AS OF 04/06105
TO CXL PREVIOUS SELL
FNMA-15YR(FNMA- I SGTO
SETT:34105
05,500%
57290000 BS
AS OF 04/07+05
TO CA. PREVIOUS SELL
FNMA- SYNFNItIA- StGTO
05.500%
7130000 BS
AS OF 03+29105
TO CXL PREVIOUS BUY
FNMA-1501(FNMA-15}0T0
SETT:34105
illare 05.500%
57110000 ES
AS OF 0380105
TO CXL PREVIOUS BUY
FINANCIAL TRUST CO INC
STATEMENT PERK* April 1. 2005
THROUGH April 29.2005
ACCOUNT NUMBER
TAXPAYER KAMER Cn Flle
LAST STATEMENT March 31.2005
SYMEIO.CuSP CANNTITV PRICE DEBIT AMOUNT CFEOIA/lOcter
Asir
20.000,000
20.000.000
101.48438
101,64063
20.296.875.00
20.328.125 .00
lilt 20.000.000 102.06250 20.412.500.00
20.000.000 102.17188 20.434.375.00
-20.000.000 101.48438 20.298,875 ,00
-20,000.003 101.64063 20,328,125.00
027 04300S:11:24 001 '.87?
CLEARED THROUGH ITS
YAIOU.Y OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
18 ci
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE
04/1&05 04/06105
04/18s35 04/07105
04/18/05 04/15/05
04/19/05 04/18+05
04/20105 04/1845
0422/05 04/21105
04/2905
TRANSACTION
SOW
SOW
DESCRIPTION STMEIELCuSP MANI Ir.'
FNMA-151Ft(FNMA-15)0TD
maisSEIT.04105 05.500%
FNMA-15YR(FNMA-15)GTO
SETL04/05
BS
-20.000.003
-20.000.000
.1005.500%
57290000 BS
BOUGHT UNITED STATES TREASURY NNE
DUE 02/15/2015 04.000% FA 15
SPECIAL INSTRUCTIONS
ericE
102.06250
FINANCIAL TRUST CO INC
STATEMENT PERK* 1. 2005
THROUGH *11 29.2005
ACCOUNT NUMBER
TAXPAYER NUMER Cfl File
LAST STATEMENT MVO 31.2005
DEW AMOUNT MCAT AMOUNT
20.412.500 .00
102.17188 20.434.375 ,00
5.000.000
ACCR,
97.71876
VIEW 4.286 % TO MATURITY
GYER REF # G1053517 A3 WWEB
SOW UNITED STATES TREASURY NOTE -15.000.000 98.05469
04.000% FA 15
MATURITY
GYER REF # G1081006 Al
ACCR, INT,
BOUGHT FEDERAL NATIONAL WO ASSN 20.311.170 78.68750
SERIES 352 CLASS 1
00.001%
57040000 BS
SOW UNITED STATES TREASURY NOTE -T0,000.000 97.62600
04.000% FA 15
. . 0 MATURITY
ACCR,
GYER REF # G1111026 Al
PRINCIPAL FEDERAL NATIONAL MTG ASSN
SERIES 329 CLASS PO
DUE 01/01/33
STRIP
PRIN RID 03-05 ND 04-25-05
REPO P S I 0.0000
4.885.937,50
34.260.14
14.708.203.13
104.419.88
15.982.352.30
9.762.500.00
72.928.18
405,707.10
027 0430,0S:11:24 001 "877
CLEARED THROUGH ITS
WNW.? OWNED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
19 o
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT TRADE
DATE DATE TRANSACTOR DESCRPTION SIMEIO:CLISP OJANNTe PFPCE
STATEMENT PERIOD
THROUGH
ACCOUNT NUMBER
TAXPAYER AILIMER
LAST STATEMENT
DEBIT AMOUNT
*II 1.2005
*11 29.2005
CR Fite
Much 31.2005
CREDIT MnOvio
04/25/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 418,686.74
SERIES 329 CLASS PO
WE 01/01/33
STRIP
F'RIN RID 03-05 PAD 04-25-05
REPO P 8I 0.0000
04,25'05 PRINCIPAL FEDERAL NATIONAL MTG ASSN -342.955
SERIES 2003-49 CLASS SW
4.150 DUE 01/25/33
PRINCIPAL REDUCTN 04-25-05
04,25105 PRINCIPAL FEDERAL NATIONAL MTG ASSN 16.920.27
SERIES 346 CLASS 1
DUE 11/01/33
PRIN RID 03-06 ND 04-25-05
REPO P 8I 0.0000
04,25105 PRINCIPAL FEDERAL NATIONAL MTG ASSN 38.860.83
SERIES 346 CLASS 1
DUE 11/01/33
PAIN RID 03-05 PAD 04-25-05
REPO P 8I 0.0000
04/25/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 130.15,5.90
SERIES 346 CLASS 1
DUE 11/01/33
PAIN RID 03-05 ND 04-25-05
REPO P 8I 0.0000
04,2805 04/27/05 BOUGHT UNITED STATES TREASURY N3TE VIM 10,000.000 100,28125 10,028,125.00
DUE 0131/2007 03.750% MS 31 ACC/, INT. 28,688.52 SPECIAL INSTRUCTIONS
YIELD 3.596 % TO MATURITY
OVER REF # G1173441 A3 WWEB
04,2905 04/2845 BOUGHT UNITED STATES TREASURY NOTE 10,000.000 98.78125 9,878,126 .00
04.000% FA IS ACC/, INT. 80,662.98
0 MATURITY
GVER REF # G1181014 Al
FINANCIAL TRUST CO INC
027 0430CS:11:24 001 V877
CLEARED THROUGH ITS
viHOLY OW ,E0 SUOSIOATiv
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
04/29105
TRADE
DATE TRANSACT/DTI
04/28/05 BOUGHT
OESORPTION
UNITED STATES TREASURY NOTE
03.750% MS 31
MATURITY
GVER REF # GI 181005 Al
SY1A301XLISP GUMMY PRICE
50,000,000 100.30078
ACCR. M.
I
FINANCIAL TRUST CO INC
STATEMENT PERK* 1. 2005
THROUGH *11 29.2005
ACCOUNT NUMBER
TAXPAYER NUMER On File
LAST STATEMENT MVO 31,2005
DEBIT AMOUNT
50.150.390 .63
148.585.57
CREDO MOM
TOTAL $416.1102,404.18 5722.470.28920
INTEREST
DATE DESCRIPTION STAIDOUCUSIP OUPATITY RATE o4 CENT AMOUNT CREDIT AMOUNT
04101105 AVG SAL 528.740 RT 1.920 874.20
021 OFFICE INTEREST 0305
04/154)5 FEDL HOME LOAN MTG CORP/410109 USE 5.0000 34.736.63
SEEMS 227 CLASS 10
DUE 12/01/2034 5.000
INT RID 03.05 ND 04-15-05
REPO P &I 5.0000
04/1905 FEDL HOME LOAN MTG 00AP/410109 5.0000 46.996.61
SERES 227 CLASS 10
DUE 12/01/2034 5.000
INT RID 03.05 ND 04-15-05
REPO P &I 5.0000
04/1905 FEDL HOME LOAN MTG CORP/S10110 6.0000 48.776.08
SERES 228 CLASS 10
DUE 02/01/2035 6.000
INT RID 03-05 PA) 04-15-05
REPO P &I 6.0000
04/18'05 FEDL HOME LOAN MTG OCAP#S Ot 10 6,0000 48.776.08
SERES 228 CLASS 10
DUE 02/01/2036 6.000
INT RID 03-05 PA) 04-15-05
REPO P S I 6.0000
02/ 043005:11:24 001 V877
CLEARED THROUGH ITS
YAIOU.Y omen SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
21 0 'J.(
Transaction Detail (continued)
INTEREST (continued)
FINANCIAL TRUST CO INC
STATEMENT PERK* *11 I. 2005
THROUGH *11 29.2005
ACCCUNT NUMBER
TAXPAYER AVSMER Oil File
LAST STATEMENT MATO 31.2005
DATE DESCRIPTION STMSELCUSIP WARM' RATE IY4 DEBIT AMOUNT CREDIT AMOUNT
04/15/05 FEDL HOME LOAN WIG OORPPS10i 10 6.0000 48.776.08
SERES 228 CLASS 10
DUE 02/01/2035 6.000
INT RID 03-05 PAZ( 04-15-05
REPO P &I 6.0000
04/15/05 FEDL HOME LOAN WIG CORPPS10i 10 INN 6.0000 48.776.08
SERIES 228 CLASS 10
DUE 02/01/2035 6.000
INTEREST PAYMENT 04-15.05
04/20/05 GOVERNMENT NATIONAL MTG ASSN NMI 4.1000 14.691.67
SEEMS 2004-5 CUSS PS
DUE 02/20/2033 4.100
INT RID 03-05 PM 04-20-05
REPO P SI 4.1000
04/20/05 GOVERNMENT NATIONAL MTG ASSN NMI 4.1000 60.133.33
SERES 2004-5 CLASS PS
DUE 02/20/2033 4.100
INT RID 03-05 PA) 04-20-05
REPO P I 4.1000
04/20(05 GOVERNMENT NATIONAL MTG ASSN NMI 4.1000 75.508.33
SERIES 2004-5 CLASS PS
DUE 02/20/2033 4.100
INT RID 03-05 ND 04-20-05
REPO P I 4.1000
04/25/05 FANNIE MAE CMO/SERIES 2003.13 5.1500 113.515.89
S RCA-60 RTR
DUE 03/25/2033 5.150
INT RID 03-05 PM 04-25-05
REPO P SI 5.1500
04/25/05 FEDERAL NATIONAL MTG ASSN MIS 4.1500 46 088.05
SERES 2003-49 CLASS SW
DUE 01/25/2033 4.150
INTEREST PAYMENT 04-25.05
027 043005:n:24 001
CLEARED THROUGH ITS
WHOLLY OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
22 c,
Transaction Detail (continued)
INTEREST (continued)
DATE DESORPTION
04125105 FEDERAL NATIONAL MTO ASSN
SERES 353 CLASS 2
DUE 07/01/2034 5.000
INI ND 03-05 P/D 04-2S-0S
REPO P 8I 5.0000
TOTAL 4866,824.45
ST/ABOLOUS,P QUANTITY RATE Ice!
5.0000
DENT AMOUNT
FINANCIAL TRUST CO INC
STATEMENT PERKO ADM 1.2005
THROUGH *11 29.2005
ACCOUNT NUMBER
TAXPAYER MAUMER Ofl File
LAST STATEMENT MATO 31.2005
CREDIT AMOUNT
79.179.42
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS
with Bear,Stearns& Co. Inc.
SETTLEMENT
DATE
TRADE
DATE TRANSACTION DESORPTION SYMBOLCUSiP 0.:NYNT, DEBIT AMOUNT CREDIT AMOUNT
04/01105
04ADVOS
04/01105
04,0405
04:04/05
DELIVERED
PECENED
INTEREST
JOURNAL
JOURNAL
UNITED STATES TREASURY NOTE
DUE 12/31/2006 3.000
3,000
ATM 310Ir2
TERM EEMENT
UNITED STATES TREASURY NOTE
DUE 03/31:2037 3.750
3 750 7
FITM
RESALE
UNITED STATES TREASURY NOTE
DUE 12/ 1000
FEDERAL NATIONAL MTO ASSN
SERIES 346 CLASS 1
RIM A2
DUE 11A.
TERM MENT
FEDERAL NATIONAL 1,11G ASSN
SERIES 346 CLASS 1
DUE 11
MIMI
-50,000.000
80,000.000
677.782
-677.782
80.000.000.00
49.875.000.00
37.752,60
473,000.00
ATM Al
REPO A
027 04300 Si 1:24 001 V877
CLEARED THROUGH ITS
MIPS? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
23 )7
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRANSACTION DESCRPT1ON
0410846 JOURNAL FEDERAL NATIONAL MTO ASSN
SERIES 346 CLASS 1
DUE 11
ATM A2
TERM MENT
04/08/05 JOURNAL FEDERAL NATIONAL MM ASSN
SERIES 346 CLASS
DUE 11Aiii r
FILM Al
REPO
0403/06 JOURNAL FEDERAL NATIONAL 1,116 ASSN
SERIES 346 CLASS 1
DUE 1:11.
RIM Al
REPO
0410&06 JOURNAL UNITED TATES TREASURY NOTE
FILM A2
4.000 , 15
TERM REPO AGREEMENT
04108/05 JOURNAL MATEO TREASURY NOTE
F1TM Al
4.000 16
REPO  AGREEMENT
STMOWCUSIP
FINANCIAL TRUST CO INC
STATEMENT PERK* April 1.2005
THROUGH WI 29.2005
AccouNT NUMBER
TAXPAYER WEEDER On Rile
LAST STATEMENT March 31.2005
OUNCITif OMIT AMOUNT CREDIT AMOUNT
1.517,805
.1.089.333
.428A71 297,000.00
30.000.000 28.800.000.00
-70.000.000 67,660,000.00
04108/05 INTEREST IMMO STATES TREASURY NOTE
DUE OAK. 4.000
RI nM
REPO I
22,200,00
04/11105 JOURNAL FEDERAL NATIOALAL MTO ASSN
SERIES 329 CLASS PO
DUE 01/01/33
STRIP
FILM imp Al
REPO A
-15,359.406 10.583.000.00
027 04,30,05:11:24 ROI Y877
CLEARED THROUGH ITS
%MELLY OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
24 c?
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TIUNSACTION DESCRPRON
04/11/05 JOURNAL FEDERAL NATIONAL NM ASSN
SERIES 329 CLASS PO
DUE 01101/33
STRIP
ATM A2
REPO
04/11/05 JOURNAL FEDERAL NATIONAL MTO ASSN
SERIES 329 CLASS PO
DUE 01101/33
STRIP
ATM mop A3
REPO A
04/11+05 JOURNAL FEDERAL NATIONAL WO ASSN
SERIES 329 CLASS PO
DUE 01/01133
STRIP
ATM  A2
TERM MENT
SYME/C1JCUSIP WARM' Calf AMOUNT
15.359.406 10,583,000 .00
FINANCAL TRUST CO INC
STATEMENT PERIOD 1. 2005
THROUGH *11 29.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On PIM
LAST STATEMENT March 31.2005
CREDIT AMOUNT
-15,359.406 10.583.000 00
15,359.406 11.902.000.00
04/11+05 JOURNAL FEDERAL NATIONAL MM ASSN
SERIES 346 CLASS 1
DUE 11
ATM A2
TERM MENT
04/11+05 JOURNAL FEDERAL NATIONAL MTO ASSN
SERIES 346 CLASS 1
DUE 11
ATM A2
TERM MENT
1.089,333
428.471 297.000.00
04111/05 JOURNAL FEDERAL NATIONAL WC ASSN
SERIES 346 CLASS 1
DUE 11
ATM A2
TERM MENT
04/11105 JOURNAL FEDERAL NATIONAL 1110 ASSN
SERIES 346 CLASS 1
DUE 11
ATM Al
REPO A
5.083,557 3,608.000 .00
-6.601.362 4,553.000 .00
027 04300S:l 1:24 001 V877
CLEARED THROUGH ITS
MIPS? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
25 )./
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRACE
DATE DATE TRANSACTION DESORPTION
04/11105 JOURNAL GOVERNMENT NATIONAL MTO ASSN
SERIES 2004-5 CLASS PS
4.100 • .
FITM Al
REPO A
04/11105 JOURNAL GOVERNMENT NATIONAL MM ASSN
SERIES 2004-5 CLASS PS
4.100
FITM
TERM MENT
0411:05 JOURNAL FEDL /OA WAN MIGOORPoSt0i09
SERIES 227 CLASS 10
FITM ITM 411." 134A2
TERM ForA IMMENT
04/11105 JOURNAL FEDL NOME LOAN MIG OCAP4S10709
SERIES 227 CLASS 10
5.000 WI
FITM Al
REPO A
04/11105 JOURNAL FEDL NOME LOAN MTG CORPoS 101 Oe
SERIES 227 CLASS 10
5.000 WM
FITM Al
REPO A
04,11,05 JOURNAL FEDL NOME LOAN MI6 °CAPPS tOt 10
SERIES 228 CLASS 10
6.000
FITM AI
REPO A
04 11 05 JOURNAL FEDL ACME LOAN MI6 00APaS10t10
SERIES 228 CLASS 10
6.00030 . 5
FITM A2
TERM MENT
FINANCIAL TRUST CO INC
STATEMENT PERKO AP.11 1. 2005
THROUGH *11 29.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On FIN
LAST STATEMENT March 31.2005
SYMODUCUSIP MANTON, 0193IT AMOUNT CREDIT Amour
-22,100.003 2,142,000.00
ISM 22.100.000 2.601.000.00
11.163.178
-6.309.622
.4.853.556 1.143.000.00
.9.419.606 1,955,003.00
ISM 9.419,606 2,018.000.00
027 0430,0S:11:24 001 V877
CLEARED THROuGH ITS
MIPS? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
26 IJi
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SEMEMENT TRADE
DATE DATE TRANSACDON DESCRPRON SYMEMICUSIP GUMMY 01931T AMOUNT
04/11/05 INTEREST FEDERAL NATIONAL MTO ASSN 83.208.20
SERIES 329 CLASS PO
STRIP
DUE 01  0.000
FITM AZ
REPO I
04/11105 INTEREST FEDERAL NATIONAL MTO ASSN
SERIES 346 CLASS 1
DUE 1 Jill 0.000
ATM AZ
REPO I
04711/05 INTEREST FEDERAL NATIONAL MTO ASSN
SERIES 346 CLASS
DUE 11  0.000
FITM AZ
REPO I
04711/05 INTEREST GOVERNMENT NATIONAL MTO ASSN
SERIES 2004-5 CLASS PS
DUE 02/101. 4.100
FITM AZ
REPO I
04/11/05 INTEREST FEDL HOME LOAN MTG 024iPt/StOt 10
SERIES 228 CLASS 10
DUE la* 6.000
FITM AZ
REPO I
04/13/05 JOURNAL FEDL HOME LOAN MTG CORPOS10109
SERIES 227 CLASS 10
5.000
FITM
TERM MENT
04/13/05 JOURNAL FEDL 104E LOAN MTO CORPHS10109
SERIES 227 CLASS 10
5.000 1034
FITM Al
REPO A
FINANCIAL TRUST CO INC
STATEMENT PERIOD April 1. 2005
THROUGH April 29.2005
ACCOUNT NUMBER
TAXPAYER NUMBER ON PIM
LAST STATEMENT March 31.2005
CREDIT AMOUNT
77.22
8.474.79
18.183.88
3.206.38
6.309,622
-3,882.844
027 04300S:11:24 001 .87?
CLEARED 1.4ROuGH ITS
viiiCti.v OW,*0 SUCISIOally
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
=Pm 27
Transaction Detail (continued)
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRANSACTION DESCRPRON
04/13105 JOURNAL FEDL NOME LOAN MTG CORP#S 10109
SERIES 227 CLASS 10
FSITAIMM Alair Al
REPO
04/13/05 RECEIVED UNITED STATES TREASURY NOTE
DUE 03+31/2007 3.750
3.750 INC
FITM Al
RESALE
04/13+05 DELIVERED UNITED STATES TREASURY NOTE
DUE 03+31/2007 3.750
3.75011li c
RIM A2
TERM EMENT
04/13/05 INTEREST UNITED STATES TREASURY NOTE
DUE 03/.1 1.750
04114+05 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 353 CLASS 2
FSITMMN AllirA
REPO
04114+05 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 353 CLASS 2
5,000
FIRM
Diniali3456
TERM PAIMIL IMENT
04 14 05 INTEREST FEDERAL NATIONAL MICI ASSN
SERIES 353 CLASS 2
DUE 0731.i. 5.000
FIRM 86
REPO I
STMEIWCUSIP
I,Sean SPCmit' GoI
FINANCa TRUST CO INC
STATEMENT PERK* Aim' 1.2005
THROUGH April 29.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On FIk
LAST STATEMENT March 31.2005
°WRIT, OMIT AMOUNT CREDIT AMOUNT
-2.426,778 556.000.00
60.000.000 60.300.000,00
-80.000.000 80.000.000.00
66.555,56
-18,763,230 3.500.000 .00
18,763,230 4.429.000 .00
5.628.52
027 04/3/1.05:11:24 001 1,1977
CLEARED THRouGH ITS
OmED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRACE
DATE DATE TRANSACTION DESCRPTTON SYMEICIALOSIP CVANTITT DEBIT AMOUNT CREDIT AMOUNT
04/15105 JOURNAL FEDERAL NATIONAL WC ASSN -15.850.794 11.174.000.00
SERIES 329 CLASS PO
DUE 01101/33
STFUP
FITM Cl
REPO
04/15105 JOURNAL FEDERAL NATIONAL MTG ASSN 15,850.794 11.248.000 .00
SERIES 329 CLASS PO
DUE 01101/33
STRIP
FITM viEtZ
TERM ENT
04/15105 JOURNAL FEDERAL NATIONAL MFG ASSN NNE 18,763.230 3,500.000 .00
SERIES 353 CLASS 2
5,000
FILM AZ
TERM MENT
04/15105 JOURNAL FEDERAL NATIONAL MFG ASSN .18,763.230 4,211.000 00
SERIES 353 CLASS 2
5,000
FRM AI
REPO
04/15..05 JOURNAL FEDL !the LOAN MTG Ca:Win10i 10 ININ -9.419.606
SERIES 228 CLASS 10
6,000
EISA Al
REPO
04/15105 JOURNAL FEDL !CAE LOAN MTG OCAPeStOt 10 NNE 9.419,606 100.000,00
SERIES 228 CLASS I0
6,00031035
FILM AZ
TERM AAENT
04/15105 JOURNAL FEDL !the LOAN MTG 0011PoSlOt 10 9.419,606 1.955.000.00
SERIES 228 CLASS I0
FINANCIAL TRUST CO INC
STATEMENT PERKO April 1. 2005
THROUGH April 29.2005
AccouNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT March 31.2005
6,0003.035
EISA A2
TERM MENT
027 0430,0S:11:24 001 Y877
CLEARED THROUGH ITS
YAICU.Y OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
29 )7
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRACE
DATE DATE TRANSACTION DESCRPRON SYMEMICLISIP QUANTITY DEBIT AMOUNT
04/15105 JOURNAL FEDL HOME LOAN MTG CORPaS10110 9.419.606 2,013,000.00
SERIES 228 CLASS 10
6.000
FITM 11.2
TERM MENT
04/15105 JOURNAL FEDL NOME LOAN MI6 CCAPeSt Ot 10
SERIES 228 CLASS 10
6.000
FITM 81
REPO A
04/I 5)05 INTEREST FEDERAL NATIONAL MFG ASSN 28.401.20
SERIES 329 CLASS PO
STRIP
DUE 013101. 0.000
FITM BZ
REPO I
041 505 INTEREST FEDERAL NATIONAL I.110 ASSN 296.53
SERIES 353 CLASS 2
DUE 07110. 5.000
FITM AZ
REPO I
04/15105 INTEREST FEDL NOME LOAN MTG OCAPt/StOt 10 135.56
SERIES 228 CLASS 10
DUE 010 6.000
FITM AZ
REPO I
04/15105 INTEREST FEDL NOME LOAN MTG OORPOS101 to 679.91
SERIES 228 CLASS 10
DUE lit* 6.000
FITM A2
REPO I
04/15105 INTEREST FEDL HOME LOAN MIG CORPS 10710 5.082.82
SERIES 228 CLASS 10
FINANCIAL TRUST CO INC
STATEMENT PERKO APOI 1. 2005
THROUGH /Vol 29.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On Ale
LAST STATEMENT March 31.2005
CREDIT AMOUNT
-18.839.11 3.665.000.00
DUE 0 6.000
FITM AZ
REPO I
027 04300S:l 1:24 001 V877
CLEARED THROUGH ITS
MIDIS? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
30 CI
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SEDLEMEN1 TRADE
DATE DATE TRANSACRON DESORPTION Smectocuser OUANTITT men AMOUNT criEcor AMOUNT
04/18/05 JOURNAL MTN) STATES TREASURY NOTE 70.000.000 67,550,000,00
FITM pm A2
4,000 15
TERM REPO AGREEMENT
04/18105 JOURNAL USTE0 TA TE TREASURY NOTE -75.000.000 74.062.500.00
FITM Al
4,000 15
REPO AGREEMENT
04/18105 INTEREST UNITED STATES TREASURY NOTE 32,949,39
DUE 01111 4,000
FITM A2
REPO I
04/19105 JOURNAL UNITED SURY NOTE -60.000.000 59.100.000.00
FITM Al
4,000 5
REPO AGREEMENT
04/19/05 JOURNAL OWED SURY NOTE 75,000.000 74.062.500.00
FITM A2
4,000 15
TERM REPO AGREEMENT
04/19105 INTEREST UMTEO STATES TREASURY NOTE 822.92
DUE 02/ 4000
FITM A2
REPO I
04,20.05 JOURNAL FEDERAL NATIONAL MTO ASSN BIM -20,311.170 14.539.000.00
SERIES 352 CLASS 1
0F,M.0.14
IT001 Al
REPO A
04.20,[05 JOURNAL FEDERAL NATIONAL 1,116 ASSN SIM 20,311.170 14.539.000.00
SERIES 352 CLASS 1
0F,M10034
IT001 A2
REPO A
FINANCIAL TRUST CO INC
STATEMENT PERKO April 1. 2005
THROUGH WI 29.2005
AccouNT NUMBER
TAXPAYER WEIDER On File
LAST STATEMENT March 31.2005
027 04300S:11:24 001 V877
CLEARED THROUGH ITS
YAIOU.Y OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
31 c,
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMDET TRADE
DATE DATE TRANSACTION DESCRPRON
04/20/05 JOURNAL FEDERAL NATIONAL MIG ASSN
SERIES 352 CLASS 1
0,001 1034
FIRM A3
REPO A
04/22+05 JOURNAL FEDL HOME LOAN PUG CORP#S10109
SERIES 227 CLASS D
"00  10 . 4
FIRM 81
REPO A
0422+05 JOURNAL FEDL TOME LOAN hITGOORPOS10109
SERIES 227 CLASS 10
FSITMXIN  41. 1111134A2
TERM Fon igligMENT
04/22+05 JOURNAL FEDL TOME LOAN MTG CORP#S10110
SERIES 228 CLASS 10
6.0003.035
FIRM A2
TERM AAENT
04/22+05 JOURNAL FEDL TOME LOAN MTG GORPOSIO1I0
SERIES 228 CLASS 10
6,000 wows FIRM Al
REPO A
0422+05 JOURNAL FEDL TOME LOAN MIG CORP1S10110
SERIES 228 CLASS D
6FITM.000 AI
REPO A
0422+05 JOURNAL UNITED STATES TREASURY NOTE
ATM j  Al
4,000 15
REPO AGREEMENT
04/22+05 JOURNAL UNITED TALES TREASURY NOTE
FIRM A2
4,000 15
TERM REPO AGREEMENT
FINANCIAL TRUST CO INC
STATEMENT REMO APE11 1. 2005
THROUGH *11 29.2005
ACCOUNT NUMBER
TAXPAYER ARARIER On FIk
LAST STATEMENT March 31.2005
SYMBOL:VAR, °PARITY OMIT AMOUNT CREDIT AMOUNT
-20.311,170 14.660.000 .00
-8.251.045 1,837.000 .00
NMI 8.251,045 2.032.000.00
NMI 9.419,606
NMI -6.593.724
-2.825.881 528.000.03
MIN -50.000.000 49.062.500.00
NMI 60.000.000 59.100.000 .00
02/ 0430,06:11:24 001 V877
CLEARED THROUGH ITS
2HICELY OME*0 SUBSIOMEn,
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
=Pm 32
FINANCIAL TRUST CO INC
STATEMENT PERK* &N11 1.2005
THROUGH *11 29.2005
Transaction Detail (continued)
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)
SEDIMENT TRADE
DATE DATE TRANSACTOR DESCRIPSON STLASCLCVSIP cumin?
ACCOUNT NUMBER
TAXPAYER NUMBER On FOS
LAST STATEMENT March 31.2005
0031T AMOUNT CREDIT AMOUNT
04/22/05 INTEREST FEDL HOME LOAN MTG OCAP#S10109 3,471.33
SERIES 227 CLASS 10
DUE Il  5.000
RIM AZ
REPO I
04/22105 INTEREST UNITED STATES TREASURY NOTE 7.633.75
DUE 021 4.000
ATM n REPO I
04/25105 JOURNAL GOVERNMENT NATIONAL MTO ASSN SIM 4.300.000
SERIES 2004-5 CLASS PS
3FITIN F)10. 33A2
TERM MENU
04/25105 JOURNAL GOVERNMENT NATIONAL MTO ASSN MIK -26.400.000
SERIES 2004-5 CLASS PS
F3116°  Al
REPO A
04/25105 JOURNAL GOVERNMENT NATIONAL MTG ASSN MIK 22.100,000 2.142.000.00
SERIES 2004.5 CLASS PS
3FITIN R)1100 33A2
TERM MENT
04,25105 JOURNAL FEDL HOME LOAN MTG CORPoS10109 3.882,844
SERIES 227 CLASS 10
FSITMXIM
TERM MENT
04 25 05 JOURNAL FEDL HOME LOAN MTG 00APdS10109 INN -1.456966
SERIES 227 CLASS 10
5.000
F1TM WI REPO A
027 04400S:11:24 001 .871
CLEARED THROUGH ITS
YOICALY OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
33 0
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT WADE
DATE DATE TRANSACTION DESORPTION svuecajvuslP Cowan DENT AMOUNT CREDIT AMOUNT
04/25105 JOURNAL FEOL NOME LOAN MTG OORP#S10109 -2.426,778 536.000.00
SERIES 227 CLASS 10
FSITMMN AllirAl
REPO
04/26105 INTEREST GOVERNMENT NATIONAL MTO ASSN 2.607.29
SERIES 2004-5 CLASS PS
DUE 02:110 3.960
ATM A2
REPO I
04/2845 RECEIVED UNTIED STATES TREASURY NOTE 50.000.000 50.375.000.00
DUE 03:31/2007 3.750
3,750 Clikt7
RIM Al
RESALE T
04/2845 DELIVERED LIMTE0 STATES TREASURY NOTE -60.000.000 60.300.000.00
DUE 03/31/2007 3.750
3,7501101C7 Em
FITM A2
TERM ENT
04/2845 INTEREST IMMO STATES TREASURY NOTE MIN 59 228,00
DUE 03/0 1760
CW29,65 JOURNAL MATEO TATES TREASURY NOTE 50.000.000 49.062.500.00
ATM A2
4.000 15
TERM REPO AGREEMENT
04/2945 JOURNAL UNITED 1 ASURY NOTE -60.000.000 59.400.000.00
FITM Al
4,000 15
REPO AGREEMENT
04/2945 DELIVERED UNITED STATES TREASURY NOTE -50.000.000 50.375.000 .00
FINANCIAL TRUST CO INC
STATEMENT PERIOD RPM 1. 2005
THROUGH *11 29.2005
ACCOUNT NUMBER
TAXPAYER NUMBER ON PIM
LAST STATEMENT March 31.2005
DUE 03/31/2007 3.750
3,75031.07
FITM A2
TERM EEMENT
027 0430,0S:11:24 001
CLEARED THROUGH ITS
WHOLLY OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRANSACTION DESCRPTICIT SYMEICASCUSIP OUANTITY DEBIT AMOUNT CREPT AMOUNT
moms
04/29105
INTEREST
INTEREST
UNITED STATES TREASURY NOTE
DUE 027 4.000
FITM A2
REPO I
TINTED STATES TREASURY NOTE
DUE OW. 1.750
19.107.12
3.666.18
TOTAL S-S42.459.166.81 $636.827202.34
MISCELLANEOUS
FINANCIAL TRUST CO INC
STATEMENT PERK* )14ATI1 1. 2005
THROUGH *11 29.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On PIM
LAST STATEMENT March 31.2005
DATE
MD DAY TRANSACTION DESCRIPTION DEPT AMOUNT CREPT AMOUNT
04//01/05 JOURNAL TO CMDY NC 301.525.00
04/07105 JOURNAL TO CMDY NC MIS 288.806.75
04106/05 JOURNAL FR CMDY NC 61.362.50
04/11105 JOURNAL FR CMDY NC 118.787.50
04/12/05 JOURNAL FNMA-3OYR(FNMAKiTO 290.625.00
SETT.O41O5
6.000 DUE 04101/35
MBS NET 04/12/05
04/13/05 JOURNAL MAR 05 SPEC CLEARING FEES 9.150.00
04/13/05 JOURNAL FNMA 3OYR OTD 554.882.81
SETT, 04/05
5.000 DUE 04101/36
MBS NET 04/13/05
04/13/05 JOURNAL FNMA 3OYR OTD 228.125.00
SEM 04/05
5.500 DUE 04101/35
MBS NET 04/13105
027 0430,0S:11:24 001 sa177
CLEARED THRouGH ITS
ynipsY CpmED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
35 0
Transaction Detail (continued)
MISCELLANEOUS (continued)
DATE
won TRANSACTOI DESCRIPTION  MINT AMOUNT CREPT MAPINT
04/14105 JOURNAL TO CADY AC 319,187.50
04/14105 DELIVERED FRM 700.000.00
TRIP
POOL 0021445 COUPON 5.0000
FINANCING NET PAIRCfF DIFF
04/14105 RECEIVED FEDERAL NATIONAL MTO ASSN
SERIES 353 CLASS 2
5.000 DUE 07/01/34
DUE 07 00
TRIP
POOL 0021445 COUPON 5,0000
700.000.00
04/IS:OS JOURNAL FNMA-I SYR(FNMA-15)010
SER.04/05
4.500 DUE 41/20
MBS NET 04/15105
125.000.00
04/18/05 JOURNAL TOCMDYAC 348.087.50
04/1845 JOURNAL FMMA-15YR(FNMA-15)611) 221.875.00
SETT.0445
5.500 DUE 04/01/20
MBS NET 04/18/05
04,2005 RECEIVED FEDERAL NATIONAL MTG ASSN
SERIES 352 CLASS 1
0.001 DUE 07/01/34
DUE 07mh»nu n n01
TRIPS
POOL 0021422 COUPON 0,0000
121.000.00
FINANCIAL TRUST CO INC
STATEMENT PERIOD April 1. 2005
THROUGH April 29.2005
AccouNT NUMBER
TAXPAYER ALIMER On File
LAST STATEMENT Mardi 31.2005
027 04300S:11:24 001 Van
CLEARED THROuGH ITS
MIDAS? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
FINANCIAL TRUST CO INC
36 /,/
Transaction Detail (continued)
MISCELLANEOUS (continued)
DATE
CDAY TRANSAG11,1 DESCRIPTION DEBIT AMOUNT CREPT AMOUNT
04/20105 DELIVERED FEDERAL NATIONAL MTO ASSN 121.000,00
SERIES 352 CLASS 1
0,001 DUE 07101/34
DUE 07/01/2034 0,001 FITLI 1452191
TRIPS
POCt 0021422 COUPON 0,0000
04/22/05 JOURNAL REV ENTRY 2.905 30.973,04
04/22/05 JOURNAL 04 TREAS REBATE A0 2-9 30.973,04
04/22/05 JOURNAL FR CMOY ANC 146,575,00
04/27105 JOURNAL FR CMOY ANC 21.412,50
04/2905 JOURNAL TO CMDY A/C 270.062.50
TOTAL 92.804.417.29 $2204.993.35
Trades Executed Pending Settlement
SETTLEI.IEN1 TRADE
DATE DATE TRANSACTION OESCRETION
05/02105 04/27105 BOUGHT GOVERNMENT NATIONAL MTO ASSOC
SIMEID.CUSP
SERIES 2004-041 CLASS SE
ISO 57160000 BS
STATEMENT PERK* April I. 2005
THROUGH April 29.2005
ACCOUNT NUMBER
TAXPAYER AMBER On File
LAST STATEMENT Minn 31.2005
CAW/MY Pala DEBIT AMOUNT
16073.792,00 7,1562 1.099.871,82
CREW AAIDUNT
05/02105 04/28/05 SOLD UNITED STATES TREASURY N3TE
• 03,625% AO 30
. 0 MATURITY
GVER REF # GI181006 Al
-50.000.000 00 100,0546 50.037.194 .29
027 0.300501:24 ON V87/
CLEARED THROUGH ITS
YAIOU.Y omeo SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
37 c?
Trades Executed Pending Settlement (continued)
sentEMENT
DATE
TRADE
DATE TRANSACT/3N
05/12/05 03/31105 BOUGHT
05/12)05 04/12)05 BOUGHT
0912105 04107/05 SOLD
05/1 2/05 03/31105 BOUGHT
05/12/05 04/12/05 BOUGHT
05/12/05 04/07105 SOLD
DESCRIPTION
FNMA-30YR(FNMA)GID
SETT.OSt00
01111105.000%
57140000 BS
FNMA-30YR(FNMA)GID
SETT.05/04
0. 00105.000% 57300000 BS
FNMA-30YR(FNMAJOID
SETT.05/04
57220000 BS
FNMA-30YR(FNMAJOID
SETT.0S/0S
57150000 BS
FNMA-3cnitFNMAAID
SETT 05:05
05.500%
57400000 BS
FNMA-30YR(FNMA)G1D
SETT 05f0S
05.500%
57210000 BS
TOTAL
The thew *eon cti not ewers on eny other eaten o1 lee stelemert
FINANCIAL TRUST CO INC
STATEMENT PERIOD RPM 1. 2005
THROUGH April 29.2005
ACCCUNT NUMBER
TAXPAYER ARAMER On Pile
LAST STATEMENT Mirth 31.2005
SiM80..CuSP 0.:ANNT. PRICE DEBIT AMOUNT CREPT AlKUNT
20.000.000.00 97.4921 19.498.437.50
20.000.000.00 98.1328 19.626.562.50
.40.000.000 ,00 97.9218 39.168,750 ,00
20.000.000.00 99.8906 19.978.125.00
20.000.000.00 100.3750 20.075.000.00
-40.003.000 ,00 100.2578 40.103.125 .00
580.277.996.82 $129.309.069.29
027 04/30,06:11:24 001 Y077
CLEARED IHROLGH ITS
wHOLLY °MED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
ACCOUNT EXECUTIVE GNMA GOVT BOND
VISIT OUR WEEISITE wmv.bearstearns.com
What's In This Statement
Financial Summary  3
Your Portfolio Holdings   4
Transaction Detail   6
Trades Not Yet Settled   35
Your Portfolio at a Glance
TOTAL VALUE OF SECURITIES THIS PERIOD
LONG ACCRUED INTEREST
NET CREDIT BALANCE
3,335,615
57,993
77,668
1111111111111I Ill I I I
FINANCIAL TRUST CO INC
0/0 JEFFREY EPSTEIN
6100 RED HOOK QUARTER
STE B3
ST THOMAS VI 00802
Market Value of Your Portfolio
Cash 8 Equvralenr 777.668
NET EQUITY THIS PERIOD $3,471,276
NET EOUITY LAST STATEMENT 1,517,425
CHANGE SINCE LAST STATEMENT 1,953,851
There are no 'Stop Loss' orders or other pending buy
or sell open orders on file for your account.
1336.828
Fated
Income ft  11.175.677
MO Current market value
gag Last statements market value
13.335.615
FINANCIAL TRUST CO INC
STATEMENT PER100 Wirth 1.2005
THROUGH Mint 31.2005
ACCOUNT NUMBER
TAXPAYER MAWR On Pile
LAST STATEMENT PeOrualy 28.2005
SIM1W6 PordurY la dOsmaxdol psrposes only I Is net derided anti, dcarnta
staternsd should Do marled for your worth Soo worn Sofa- monad reconorum
027 0601.136:09:09 001 Y876
CLEARED 'THROUGH 05
WHOLLY 00AE0 SUBSIDMA7
FINANCIAL TRUST CO INC
2 oi 4o
STATEMENT BACKER IS PRINTED ON THIS PAGE
021 0.01650970 001 7870
CLEARED IHRCUGH ITS
WHOLLY odhco SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
3 C/
Cash Flow Analysis
THIS PEPI00
Income Summary MS PERI® YEAR TO DATE
Opening Balance
Securities Sold
Dividends Interest
Miscellaneous
Amount Credited
$336,827.64
956,588,364.34
992,974.47
2,751,164.59
$960,332,503.40
U.S. Govt. Bond Int.
Govt. Agency Int.
Corp. Bond Int.
Credit Balance Int.
Reverse Repurchase Int.
Total
178.611.89
693.096.31
120.062.77
1.203.50
323.157.29
$1 316 131.76
2.510.456.45
2.022.336.00
375,012.07
1,960.00
826,531.30
$5 736 295.82
Securities Bought -955,829.656.15 Bond Purchase Int. -1.309.848.42 -3.500,285.37
Dividends/Interest Charged -1,309.848.42 Repurchase lnt. Exp. -177.727.19 -400,692.42
Miscellaneous -3,452.158.93
Amount Debited $-960.591.663.50
Portfolio Composition Net Cash Activity -259.160.10
CashtCash Equivalent 77.668
ClosingBatance $77,667.54 Fixed Income 3.335,615
Total $3.413.283
Cash Balance Summary
OPENS'
Margin 336.827 64
CLOSING
77,667.54
Net Cash Balance $336,827.64 $77.667.54
027 O4,0u05:09:49 001
FINANCIAL TRUST CO INC
STATEMENT PERIOD March 1.2005
THROUGH March 31.2005
ACCCUNT NUMBER
TAXPAYER AMBER On File
LAST STATEMENT February 28.2005
Your Portfolio
Allocation
Cash & Equivalent
2%
UnsPa0aLl imams deo* debt beano, anot ,  shy,
market yews he alocabon perceenne is clewed
Korn to absolute marital value of
1/876
CLEARED THROUGH ITS
WHOU.Y onne0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Your Portfolio Holdings
CASH & CASH EQUIVALENTS
ciiisceenou
CASH BALANCE
TOTAL CASH & CASH EQUIVALENTS $77&68
SOTTECL CLSIP /MPXET ESTIMATED [LAPIN(
OIJANTITT PACE VALUE NWJAL IntWE )E101%)
77.668
FIXED INCOME
Government & Agency Obligations
DESCRIPTION s•idect.c.usa ACC-TYPE CLU.% • PRICE 1AARKET VALLE ACCRUED /MEREST ESTIAMED ANM.M1 iNCOME
CURFEW'
YEW IV
FEDERAL NATIONAL MTG ASSN
SERIES 2003.49 CLASS SW
DATED DATE 04/30/03
BOOK ENTRY ONLY
DUE 01/25/2033 4.150%
FACTOR — $4826993
FEDL HOME LOAN MTG CORP#S10110
SERIES 228 CLASS 10
DATED DATE 0201/05
BOOK ENTRY ONLY
DUE 02/01,2035 6.000%
FACTOR — .97552156
Total Government& Agency Obligations
MRGN
MRGN
13.326.665
9,755.215
8.3078 1.107.158
22.8438 2.228.457
$3,335,615
48.776
557.993
553,057
585.313
$1.138.370
49.9529
26.2654
TOTAL FIXED INCOME $3.335.615 $57,993 $1.138.370
YOUR PORTFOLIOHOLOINGSACCRUED INTEREST $57.993
YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME $1,138,370
YOUR PRICED PORTFOLIOHOLDINGS $3.413283
FINANCIAL TRUST CO INC
STATEMENT PERK* March 1.2005
THROUGH March 31.2005
ACCOUNT NUMBER
TAXPAYER MAWR OR File
LAST STATEMENT Feminine 28.2005
027 IMOIMS:ISMS 001 '.870
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Repurchase and Reverse Repurchase Transactions
with Bear,Stearns& Co.Inc.outstanding as of date of statement
PLOCHASEr RENFINAFF PRICING PURCHASE PRICE; ACCRUED REPO CAMAITITY
START DATE DATE PATE PRINCPAL MEREST* (FACE AMOUNT) CUSP DESCRIPTOR
CLEARED 1.4ROuGH ITS
viiiCti.v OMEO SUCISIOally
Beer Szer
FINANCIAL TRUST CO INC
STATEMENT PERKO March 1.2005
THROUGH Muth 31.2005
Acccurn NUMBER
TAXPAYER IMMER On He
LAST sTATEmENT February 28.2005
YOU SOLD GOVERNMENT NATIONAL MTG ASSOC
(REPO) 01/13/05 04/11/05 2.860 -2,601,000 -16.117 -22.100,000 SERIES 2004-5 CLASS P 4.1000 02/20/33
YOU SOLD FANNIEMAE STRIP
(REPO) 01/13/05 04/11/05 2.860 -11.902,000 -73.752 -30.000,000 SERIES 329 CLASS PO 12/01/32
YOU PROVIDED FEDERAL NATIONAL MTG ASSOC
(MARGIN) 02/07/05 OPEN 0.000 -50.000,000 SERIES 2003-13 CLASS 5.1500 03/25/33
YOU SOLD FANNIEMAE STRIP
(REPO) 03/14/05 04/11/05 3.020 -3,608,000 -5.448 -7.000,000 SERIES 346 CLASS PO 11(01/33
YOU SOLD FANNIEMAE STRIP
(REPO) 03/16(05 04/15/05 3.030 -11.248,000 -15.147 -30,959,779 SERIES 329 CLASS PO 12/01/32
YOU SOLD FREDDIEMAC STRIP
(REPO) 03116/05 04/15/05 3.030 -2,013,000 -2.710 -10.000,000 SERIES 228 CLASS 10 6.0000 02/01(35
YOU PROVIDED FANNIEMAE STRIP
(MARGIN) 03/21/05 OPEN 0.000 -2.090.000 SERIES 346 CLASS PO 11/01/33
YOU SOLD USTR 4.0000 02/15/15
(REPO) 03/22/05 OPEN 1.990 -28.800.000 -15.120 -30.000.000
YOU SOLD FREDO1EMAC STRIP
(REPO) 03/22/05 04/11/05 2.860 -2.018.000 -1.603 -10.000.000 SERIES 228 CLASS 10 6.0000 02/01/35
YOU SOLD FEDERAL HOME LOAN STRIP
(REPO) 03/23/05 04/22/05 2.050 -2.032.000 -1.041 -8,500,000 SERIES 227 CLASS 10 5.0000 12/01/34
YOU PROVIDED FEDERAL HOME LOAN STRIP
(MARGIN) 03/23/05 OPEN 0.000 -11,500,000 SERIES 227 CLASS 10 5.0000 12/01/34
027 D.01.06:09:49 001 Y876
CLEARED THROUGH ITS
MICELY CMY.E0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
6 C/ 4(1
Repurchase and Reverse Repurchase Transactions (continued)
with Bear,Stearns& Co.inc.outstanding as of date of statement (continued)
MACHU& REPURCHASE PRONG PURCHASE MCC ACCRUED REPO GUMMY
START DATE DATE PATE PRINCIPAL MEREST* (FACE AMOUNT) CUSP DESCRIPTOR
FINANCIAL TRUST CO INC
STATEMENT PERIOD March 1.2005
THROUGH March 31.2005
ACCCUNT NUMBER
TAXPAYER MAUER On Flk
LAST STATEMENT Pebuary 28. 2005
YOU PROVIDED FANNIEMAE STRIP
(MARGIN) 03/28/05 OPEN 0.000 -910,000 SERIES 346 CLASS PO 11/01133
YOU PROVIDED GOVERNMENT NATIONAL MTG ASSOC
(MARGIN) 03/29/05 OPEN 0.000 -4.300,000 SERIES 2004-5 CLASS P 4.1000 02/20/33
YOU SOLD FANNIE MAE STRIP
(REPO) 03/30/05 04/15/05 3.050 -4.429.000 -750 -20.000.000 SERIES 353 CLASS 10 5.0000 07/01/34
YOU SOLD FREODIEMAC STRIP
(REPO) 03/30/05 04/15/05 3.050 -100.000 -16 -10.000.000 SERIES 228 CLASS 10 6.000002/01/35
YOU BOUGHT USTR 3.0000 12:31/D6
(REVERSE) 03/21/05 OPEN 2.380 49.875.000 37.752 50.000.000
TOTAL REVERSE REPURCHASE TRANSACTIONS $49.875.000 $37.752
TOTAL REPURCHASE TRANSACTIONS 5-68.751.000 5.131104
'As c ILVVroaell <WO
Transaction Detail
INVESTMENT ACTIVITY
SETTLEMENT TRADE
DATE DATE TRANSACTOR
03/01/05 02/28/05 SOLD
DESCRIPTION
UNITED STATES TREASURY BONDS
05.375% FA 15
. MATURITY
OVER REF # 00591007 Al
STMEICECU5P OVAMire pr.cE
.3D00.000 109.72266
ACCR. INT.
DEER AMOUNT CMCAT ATFOUNT
3,291,679.69
6.236.19
027 01.0105:09:49 001 •.876
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION DESCRIPTION SY1A3011CUSV QUANTITY PRCE Mier AMOUNT CHEM AMOUNT
03/01/05 JOURNAL FEDERAL NATIONAL MTG ASSN -1
SERIES 346 CLASS I
DUE 1001/33
03/02/05 03/01/05 BOUGHT UNITED STATES TREASURY NOTE 10.000,000 96.92188 9.692,187.50
04,000% FA 15 ACCR. INT. 16.574.59
MATURITY
REF # 60601000 Al
03/02/05 03/01/05 SOLD UNITED STATES TREASURY NOTE -10,000,000 96.89063 9,689,062.50
04 00051 FA 15 ACCR. INT. 16,574.59
MATURITY
GYER REF # 00601005 Al
03/04/05 03/03/05 BOUGHT UNITED STATES TREASURY NOTE MI= 10.000.000 96.95313 9,695,312.50
04,000% FA 15 ACCR. INT. 18.784.53
MATURITY
AVER REF # G062t002 Al
03107/05 03/04/05 SOLD UNITED STATES TREASURY NOTE -5.000.000 97.11719 4,855,859.38
04,000% FA 15 ACCR. INT. 11,049.72
MATURITY
AVER REF # G0631009 Al
03109/05 03/08/05 BOUGHT UNITED STATES TREASURY NOTE 10.000.000 96.95313 9.695.312.50
04,000% FA 15 ACCR. INT. 24.309.39
MATURITY
AVER REF # 0067! 033 Al
03109/05 03/08105 SOLD UNITED STATES TREASURY NOTE MEM 5 000 000 96.96875 4,848,437.50
04.000% FA 15 ACCR. INT. 12,154.70
0 iJATuRinr
GVER REF #60671016 Al
CLEARED THROuGH ITS
wilEtLY CAM,E0 SUBSIOMAY
Beer Ster T
FINANCIAL TRUST CO INC
STATEMENT PERIOD March 1.2005
THROUGH March 31.2005
ACCOUNT NUMBER
TAXPAYER NUMER OR Fee
LAST STATEMENT February 28.2005
021 04,01.05:09:4S 001 V876
B
STURUR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
8 o
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION
03/14/05 03/03/05 CANCEL SELL
03/14/05 03/04/05 BOUGHT
03/14/05 02/03/05 CANCEL SELL
03/14/05 02/10/05 CANCEL SELL
03/14/05 03/01/05 CANCEL SELL
03/14/05 02/17/05 BOUGHT
OESCRPTION
FNMA 30YR. GM
sSEIT, 03/05 05.500%
AS OF 03103/05
TO CM. PREVIOUS SELL
FNMA 30YR. GM
SETT, 03/05
immo05,500% 57110000
FNMA 30YR. GM
iimosSETT, 03/05 05.500%
AS OF 02103/05
TO CM. PREVIOUS SELL
FNMA 30YR. GTO
05.500%
AS OF 02/10105
TO CM. PREVIOUS SELL
FNMA 30YR. GTO
SETT, 03/05
05.500%
AS OF 03/01105
TO CA. PREVIOUS SELL
FNMA 30YR. GM
SETT, 03/05
11.005.500 ,
57360000 BS
CLEARED THROUGH ITS
WIIC(LY OMS*0 SUBSIDIARY
Beer Szewn Tir
FINANCIAL TRUST CO INC
STATEMENT PERIOD March 1.2005
THROUGH Marsh 31.2005
ACCOUVT NUMBER
TAXPAYER BANNER OR Ale
LAST STATEMENT Februiuy 28.2005
STMEOLCUSE CATMINT PRICE DEBIT AMOUNT CABO MONO
10.000.000 100.81641 10,081,640.63
BS
10.000.000 101.06250 10.106.250 00
BS
EMI 10,000,000 101.51563 10,151,562.50
BS
10.000.000 101.67188 10.167.187.50
BS
15.000.000 100.68750 15.103.125.00
BS
15 000.000 101.55859 15,233,789.06
021 040i.05:09:0 001 V876
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION
03/14/05 02/09/05 BOUGHT
03/14/05 03/03/05 SOLD
03/14/05 03/04/05 CANCEL BUY
03/14/05 02/03/05 SOLD
03/14/05 02/10/05 SOLD
03/14/05 03/01/05 SOLD
03/14/05 02/17/05 CANCEL BUY
DESORPTION
FNMA 30YR. GM
ISS .505.500%
FNMA 30YR. GTO
SETT, 03/05
05.500%
FNMA 30YR. DID
SETT, 03/05
05.500%
AS OF 03/04105
TO CM. PREVIOUS BUY
FNMA 30YR. GM
SETT, 03/05
05,500%
FNMA 30YR. GM
SETT, 03/05 cum%
FNMA 30YR. GM
SETT, 03/05
111.105.500%
FNMA 30YR. GTO
SETT, 0305
001100105.500 ,
AS OF 02/17105
TO C)3. PREVIOUS BUY
CLEARED THROUGH ITS
MELLY EIDS*0 SUBSIDIARY
Reef Sear
FINANCIAL TRUST CO INC
STATEMENT PERK* March 1.2005
THROUGH March 31.2005
ACCOUNT NUMBER
TAXPAYER MAGER On Fee
LAST STATEMENT February 28.2005
SYMBEVOUSP GUMMY PRICE DEBIT AMOUNT GRECO AMOUNT
20,000,000 101.82422 20,364,843.75
BS
-10,000,000 100.81641 10.081.640.63
BS
-10,000,000 101.06250 10.106.250.00
BS
-10,000,000 101.51563 10,151,562.50
BS
10.000.000 101.67188 10.167.187.50
BS
VIM -15.000.000 100.68750 15.103.125.00
BS
-15.000.000 101.55859 15,233,789.06
BS
021 04,01.05:09:40 001 .876
B
STURUR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
10 c? 4:r
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION
03/14/05 02/09/05 CANCEL BUY
03/14/05 03/01/05 CANCEL SELL
03,14,05 03,03:05 CANCEL SELL
03/14/05 03/04/05 BOUGHT
03/1405 02/03,105 BOUGHT
03/1405 02/17/05 BOUGHT
CESCRPTION
FNMA 30YR. GTO
SETT,
k03/05 05.500%
AS OF 02/09/05
TO CXL PREVIOUS BUY
FNMA-30YRIFNMAIGTD
SETT.03105
1.005.003 ,.
AS OF 03/01/05
TO CXL PREVIOUS SELL
FNMA-30YR(FNMA)GTD
SETT.03/05
000505.000,:: 7650000
AS OF 0310345
TO CXL PREVIOUS SELL
FNMA-30YR(FNMA)GTD
SE T.0305
0.0005.0Co3v:
FNMA-30YR(ENMA)GTO
SETT.03,05
05.000,4
FNMA 30YR(FNMA)GTO
SETT.03 05
05.000 .
CLEARED THROuGH ITS
YiNCtLY CAM,E0 SUBSIDIARY
Beer Sear T
FINANCIAL TRUST CO INC
STATEMENT PERIOD March 1.2005
THROUGH March 31.2005
ACCOUNT NUMBER
TAXPAYER 'UMBER OR Ale
LAST STATEMENT Pedals). 28.2005
SYMOOLCUSIP 0.10/4111Y PRCE DEW AMOUNT VIEW AMOUNT
-20,000,000 101.82422 20,364,843.75
BS
10.000.000 98.35156 9.835,156.25
BS
10,000.000 98.53516 9.853.515.63
BS
MEI 10.000,000 98.77734 9.877,734.38
BS
10 000.000 99.43750 9,943,750.00
BS
10.000.000 99.54297 9,954,296.88
BS
02/ 0401.05:09:49 001 7876
CLEARED THROUGH ITS
YOICtLY 01MAED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTOR OESCRPTION STMEIEL.CuSA OVANTry PACE DEBIT AMOUNT CRECIT AMOUNT
03/14/05
03/14/05
03/14/05
03/14/05
03/14/05
01/14/05
02/10/05
03/01/05
03/03/05
03/04/05
02/03/05
02/17/05
CANCEL SELL
SOLD
SOLD
CANCEL BUY
CANCEL BUY
CANCEL BUY
FNMA-30YR(FNMA)G1D
SET .03105
1.11.15 °576.0700000096 BS
AS OF 02/10/05
TO CXL PREVIOUS SELL
FNMA-30YR(FNWOGTO
SETT.03105
57060000 BS
FNMA-30YR(FNWOGTD
00#1.5SEITMICIS °5.°00%7650000 BS
FNMA-30YR(FNWOGTO
SET .03105
05.000%
57120000 BS
AS OF 03/04105
TO CA. PREVIOUS BUY
FNMA-30YR(FNWOGTO
SETT.03/05
010.11 5057;0:
0%0 as
AS OF 02/03/05
TO CM. PREVIOUS BUY
FNMA-30YR(FNMAJGTO
SETT.03 os
VIM
10,000.000
-10.000,000
-10,000,000
-10.000,000
-10.000,000
-10.000.000
99.73828
98.35156
98.53516
98.77734
99.43750
99.54297
9.973.828.13
9,835,156.25
9,853,515.63
9,877,734.38
9.943.750.00
9.954.296.88
FINANCIAL TRUST CO INC
STATEMENT PERKO March 1.2005
THROUGH March 31.2005
ACCOUNT NUMBER
TAXPAYER NUTA3ER On File
LAST STATEMENT February 28.2005
05,000
57300000 BS
AS OF 0217 OS
TO CXL PREVIOUS BUY
027 01101.05IYA49 001 .R7e
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION
0314/05 02/10/05 SOLD
03/14/05 02/03/05 BOUGHT
03/14/05 02/09/05 CANCEL SELL
03/14/05 02/03/05 CANCEL BUY
03/14/05 02/09/05 SOLD
03/14/05 03/11/05 SOLD
03/14/05 03/11/05 BOUGHT
OESCEM'TION
FNMA-30YR(FNMA)GID
SETT43105
05400%
7670000 BS
FNMA 30YRIFNMATGTD
SETT, 03/05
06,000%
7730000 BS
FNMA 30YR(FNMA) GTD
SETT, 03/05

010. 506.00014 7340000 BS
AS OF 024945
TO CM. PREVIOUS SELL
FNMA 30YR(FNMA) GTD
SETT. 03/05
06400%
7730000 BS
AS OF 02/03105
TO CxL PREVIOUS BUY
FNMA 30YRIFNMATGTD
SETT. 03/05
0110 5 06.000%
7340000 BS
FEDERAL NATIONAL MTG ASSN
SERIES 352 CLASS I
0000I%
57110000 BS
UNITED STATES TREASURY NOTE
03.125% II 31
3. MATURITY
GVER REF # 00701010 Al
CLEARED THRouGH iTs
Tempi:, GMT*/ SUEISIOTAny
Beer Styr Tir T
FINANCIAL TRUST CO INC
STATEMENT PERK* Marsh 1.2005
THROUGH Minh 31.2005
ACCOUST NUMBER
TAXPAYER AMBER On File
LAST STATEMENT February 28.2005
STIIEKVCUSP GUMMY PRICE DEBIT AMOUNT GRECO AMOUNT
-10,000,000 99.73828 9,973,828.13
20,000,000 103.01563 20403,125.00
20,000,000 103.18750 20437,500.00
-20,000,000 103.01563 20,603,125.00
-20.000.000 103.18750 20.637.500.00
-4.978.135 76.45313 3.805.940.34
8.000.000 98.94531 7,915,625.00
ACCR. NT. 29.005.52
027 0•01.06.49:49 001 7876
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION DESCATTION 10.180..CIISP Gowan' viva DEBIT AMOUNT CREPT AMSUNT
03/15/05 03/14/05 BOUGHT UNITED STATES TREASURY NOTE 25.000.000 98.80078 24,700,195.31
03,000% JD 30 ACCR. INT. 153,314.92
. MATURITY
GVER REF # 60731012 Al
03/16/05 03/14/05 SOLD FEDERAL NATIONAL MTG ASSN MEI -7,882.556 77.21875 6,086,811.75
SERIES 329 CLASS PO
STRIP
01 1111/57300000 BS
03/16/05 03/14/05 BOUGHT FEDL HOME LOAN MTG CORP#510110 MEI 9.755,215 22.78125 2.222.360.05
SERIES 228 CLASS 10
06,00054 ACCR. INT. 24.38204
57200000 BS
AS OF 03/14105
ACCRUES CH 1ST. PAYS ON 25TH
03/16/05 03/15/05 SOLD UNITED STATES TREASURY NOTE  _10.000,000 95.67188 9,567,187.50
04,000% FA 15 ACCR. INT. 32,044.20
MATURITY
GVER REF # 60741007 Al
03/18/05 03/16/05 SOLD FEDERAL NATIONAL MTG ASSN MEI -2,979,264 77.59375 2,311,723.34
SERIES 346 CLASS 1
iii57230000 BS
03/18/05 JOURNAL FEDERAL NATIONAL MTG ASSN MEM -1
SERIES 329 CLASS PO
DUE 01/01/33
STRIP
ADJUST POSITION
03/21/05 03/18,105 BOUGHT UNITED STATES TREASURY NOTE 25,000.000 98.84375 24,710,937.50
03,000% JD 30 ACCR. INT. 165,745.86
. 0 MATURITY
GVER REF # 60771013 Al
CLEARED THROuGH ITS
valCsLY 0‘1T,*0 SUBSIO4ARY
Beer Steam. SO •it' •
FINANCIAL TRUST CO INC
STATEMENT PERK* March 1.2005
THROUGH Much 31.2005
ACCOUVT NUMBER
TAXPAYER MAKER On File
LAST STATEMENT February 28.2005
021 0401.05:09:46 001 V676
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT TRADE
DATE DATE TRANSACT/DR OESCRPTION SYMBISUCLISTP civomily Pma
TAXPAYER K1. ER On Fie
LAST STATEMENT PeOrtliVy 28.2005
DEBIT AMOUNT GRECO ANCTUNT
03/21/05 03/18/05 BOUGHT UNITED STATES TREASURY NOTE 50.000.000 98.84375 49,421,875.00
JO 30 ACCR. INT. 331,491.71
Ri MATURITY
GvER REP it 0077i0t3 Eti
03/21/05 03/18/05 BOUGHT UNITED STATES TREASURY NOTE 50,000,000 98.84375 49,421,875.00
03,000% JO 30 ACM. INT. 331,491.71
MATuRITY
GYER REe#60771013 CI
03/21/05 03/18/05 BOUGHT UNITED STATES TREASURY NOTE 13,000,000 95.98047 12.477.460.94
04,000% FA 15 ACCR. NT. 48,839.78
MAIVRITY
GYER REF e 60771006 Al
03/21/05 03/18105 BOUGHT UNITED STATES TREASURY NOTE IMO 13.000,000 96.03125 12.484.062.50
04,000% FA 15 ACCR. INT. 48,839.78
0 MATuRITY
GYER REF # 60771000 Al
03/21/05 JOURNAL EDERAL NATIONAL MTG ASSN -1
SERIES 346 CLASS 1
WE teal/33
03/22/05 03/18/05 SOLD FEDERAL NATIONAL MTG ASSN -14.252.296 25.62500 3,652,150.94
SERIES 353 CLASS 2
iiii 5057,104000000% ss ACCR. INT. 41,569.20
ACCRUES ON 1ST. PAYS ON 25TH
03/22/05 03/18105 BOUGHT FEDL HOME LOAN MTG CORP#S10110 MIS 9.755.215 22.48438 2,193,399.26
SERIES 228 CLAS0S71.0108000%
ss ACCR. NT. 34,143.25
CLEARED THROuGH ITS
?RIMY (AM,ED SUBSIDIARY
Beer Roe) Tir T
FINANCIAL TRUST CO INC
STATEMENT PERK* Meat 1.2005
THROUGH March 31.2005
ACCOUNT NUMBER
ACCRUES ON 1ST. PAYS ON 25TH
021 0401.05:09:49 001 V876
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT TRADE
DATE DATE TRANSACT/3N
03/22/05 03/21/05 SOLD
DESCRIPTION
UNITED STATES TREASURY NOTE
04.000% FA 15
. 0 MATURITY
OVER REF # 60801006 Al
MVOS 03121;05 SOLD FEDERAL NATIONAL MTG ASSN
SERIES 353 CLASS 2
05,000%
57270000 BS
ACCRUES CH 151. PAYS ON 25TH
03/23/05 03/21/05 BOUGHT FEDL HOME LOAN MTG CORP#S10110
SERIES 228 CLASS 10
06.000%
57310000 BS
ACCRUES ON 1ST. PAYS ON 25TH
03/24/05 JOURNAL FEDL HOME LOAN MTG CORP#510109
SERIES 227 CLASS 10
5,000 DUE 12/01/34
ADJUST POSITION
03128/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN
SERIES 329 CLASS PO
DUE 01/01/33
STRIP
PAIN RID 02-05 ND 03-25-05
REPO P 81 0.0000
0328/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN
SERIES 329 CLASS PO
WE 01/01/33
STRIP
PAIN RID 02-05 ND 03-25-05
REPO P 8I 0.0000
03/28/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN
SERIES 329 CLASS PO
WE 01/01/33
STRIP
PAIN RID 02-05 ND 03-25-05
REPO P 8I 0.0000
SOA80..CLISP OVANTITY
-26.000,000
PRICE
95.82813
ACCR. INT.
CLEARED THROUGH ITS
MELLY EIDS*0 SUBSIDIARY
Reef S;Bun
FINANCIAL TRUST CO INC
STATEMENT PERK* March 1.2005
THROUGH March 31.2005
ACCOUNT NUMBER
TAXPAYER 'UMBER On File
LAST STATEMENT FebruEuy 26.2005
DEBIT AMOUNT CREC0 AMOUN1
24,915,312.50
100,552.49
-14.252,296 25.93750
ACCR. INT.
3.696.689.37
43.548.68
9.755,215 23.03125
ACCR. NT.
2.246.748.09
35.769.13
199.741.03
238.243.25
285.891.90
021 04010509:4S 001 Y876
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION OESORPTION SiM130...CuSP °WITT PLACE DEBIT AMOUNT CPEDIT ATAOUNT
0328/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN .241.672
SERIES 2003-49 CLASS SW
4,350 DUE 01/25/33
PRINCIPAL REDUCTN 03-25-05
03/28305 PRINCIPAL FEDERAL NATIONAL MTG ASSN 12,62220
SERIES 346 CLASS 1
WE 11/01/33
PAIN RID 02-05 ND 03-25-05
REPO P 8I 0.0000
0328/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 25.244.40
SERIES 346 CLASS
WE 11/01/33
PRIN RID 02-06 ND 03-25-05
REPO P 81 0.0000
03/28/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 59,227.25
SERIES 346 CLASS
WE 11/01/33
PRIN RID 02-05 PM 03-25-05
REPO P 81 0.0000
03128/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 97.093.85
SERIES 346 CLASS
WE 11/01/33
PAIN RID 02-06 PN 03-25-05
REPO P 81 0.0000
03/28/05 PRINCIPAL FEDERAL NATIONAL MTG ASSN 85.727.46
SERIES 352 CLASS
0.001 DUE 07/01/34
NUN RID 02-06 ND 03-25-05
REPO P 81 0.0000
03/30/05 03/28/05 SCLO FEDERAL NATIONAL MTG ASSN -14.252.296 26.34375 3,754,589.32
SERIES 353 CLASS 2 ACCR. MT. 57,405.08
CLEARED THROuGH ITS
wHOtLY CAM,E0 SUBSIOMTve
Beer Stea•nb SO •it' •
FINANCIAL TRUST CO INC
STATEMENT PERIOD March 1.2005
THROUGH March 31.2005
ACCOUNT NUMBER
TAXPAYER NUMER CD File
LAST STATEMENT February 28.2005
7120000 BS
ACCRUES ON 1ST. PAYS ON 25111
021 0401.05:09:4S 001 V876
CLEARED THRouGH ITS
YAICU.Y OmnE0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
17 0 4:r
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION DESCRIPTION ST1.1001XUSIP °WHINY FOCE DEBIT AMOUNT CFECCT A/hOcter
03/30/05
03/31/05
03/28/05 BOUGHT FEDL HOME LOAN MTG CORP#S10110
SERIES 228 CLASS 10
10111115 067.10100000096 BS
ACCRUES ON 1ST. PAYS ON 25TH
JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 353 CLASS 2
5.000 DUE 07/01,34
9,755.215 23.90625
ACM. INT.
-1
2,332,106.23
47.150.21
TOTAL 5-412A06.610.51 $273.687.675.03
INTEREST
DATE DESORPTION STMEOALTSIP OuMffilY RATE IST DENT AMOUNT CREO11 AMOUNT
03/01/05
03/15/05
03/15/05
03/21/05
AVG BAL 860.06ORT 1.799
021 OFFICE INTEREST 0205
FEDL HOME LOAN MTG CORP#S10109 NMI SERES 227 CLASS 10
DUE 12/01/2034 5.000
INT RID 02-05 P,D 03-15-05
REPO P &I sp000
FEDL HOME LOAN MTG CORP#510109
SERIES 227 CLASS 10
DUE 12/01/2034 5,000
INT RID 02-05 P,D 03-15-05
REPO P &I 5.0000
GOVERNMENT NATIONAL MTG ASSN
SERES 2004-5 CLASS PS
DUE 02/20/2033 4.351
INT RID 02-05 P,D 03-20-05
REPO P SI 4.3518
5.0000
5.0000
4.3510
027 OA.ONO5:O9:49 001
1.203.50
24,673.31
57,571.07
15.594.20
Yralt
FINANCIAL TRUST CO INC
STATEMENT PERO° March 1.2005
THROUGH March 31.2005
AcccuNT NUMBER
TAXPAYER WEISER On hie
LAST STATEMENT PeOcuag 28.2005
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INTEREST (continued)
CLEARED THROuGH ITS
yinCELY ODY*0 MJEINDany
Beer Siewn
FINANCIAL TRUST CO INC
STATEMENT PERK* March 1.2005
THROUGH March 31.2005
ACCOUNT NUMBER
TAXPAYER WESER On File
LAST STATEMENT Fetuses)/ 28.2005
DATE DESCRIPTION STMECUOUSIP OUNIRITY RATE PE DEBIT AMOUNT CREDIT AMOUNT
03/21/05 GOVERNMENT NATIONAL MTG ASSN 4.3510 63,827.43
SERIES 2004-5 CLASS PS
DUE 02/20/2033 4951
TNT RID 02-05 PA) 03-20-05
REPO P 8I 49518
03/21/05 GOVERNMENT NATIONAL MTG ASSN 4.3510 80,146.94
SERIES 2004-5 CLASS PS
DUE 02/20/2033 4,351
INT RID 02-05 PA) 03-20-05
REPO P 8I 49518
03/28/05 FANNIE MAE CMOSERIES 2003-13 5.3500 120,062.77
S RCA-I/0 RTR
DUE 03/25/2033 5950
INT RID 02-05 PA) 03-25-05
REPO P 8I 59500
03/28/05 FEDERAL NATIONAL MTG ASSN 4.3500 49.1&5.22
SERES 2003.49 CLASS SW
DUE 01/25/2033 4950
INTEREST PAYMENT 03-25-05
03/28/05 FEDERAL NATIONAL MTG ASSN 5.0000 119.803.93
SERIES 353 CLASS 2
DUE 07/01/2034 5,000
INT RID 02-05 PA) 03-25-05
REPO P 8I 59000
03/28/05 FEDERAL NATIONAL MTG ASSN IMO 5.0000 139,771.25
SERES 353 CLASS 2
DUE 07/01/2034 5900
INT RID 02-05 PA) 03-25-05
REPO P 8I 59000
TOTAL $671,839.62
027 OAOI XIS:09:4S 001 Y878
CLEARED THROuGH ITS
MOST ORRED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
19 c? 4:I
Transaction Detail (continued)
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS
with Bear,Stearns& Co. Inc.
SETILEMENT TRADE
DATE DATE TRANSACTION DESCRPECII SIDAEICtiCUSIP WNW( DEBIT AMOUNT CREDO' AMOUNT
03/01/05 JOURNAL UNITED TATE TREASURY BONDS 3,000,000 3,322,500.00
ATM A2
5.375 1
TERM REPO AGREEMENT
03/01/05 INTEREST UNITED STATES TREASURY BONDS 1,568.04
DUE 02/11. 5,375
NM A2
REPO I
0304;05 JOURNAL GOVERNMENT NATIONAL MTG ASSN 4.300.000
SERIES 2004-5 CLASS PS
4.351
RIM r2
TERM MENT
03/04/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN MEM -4.300.000 444.000.00
SERIES 2004.5 CLASS PS
FITM AI
4.351 *U
REPO A
03/04/05 JOURNAL UNITED EASURY NOTE 30.000.000 29.475.000.00
FITM 52
4,000 , 15
TERM REPO AGREEMENT
03/04/05 JOURNAL UNITED EASURY NOTE -40.000.000 38,800,000.00
FRM Al
4.000 15
REPO AGREEMENT
03/04/05 INTEREST UNITED STATES TREASURY NOTE 23,645.50
DUE OA. 4,000
RIM n
REPO I
03/07/05 JOURNAL UNITED TATES TREASURY NOTE -35,000.000 34.125.000.00
NM Al
FINANCIAL TRUST CO INC
STATEMENT PERIOD MUM 1.2005
THROUGH MUER 31.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On Pile
LAST STATEMENT February 28.2005
4.000 15
REPO AGREEMENT
027 0401.05.09y1S 001 Y876
CLEARED THROUGH ITS
WIICtLY omeo SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
20 c! 4:
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT
DATE
03/07/05
TWEE
DATE TRANSACTION
JOURNAL
DESORPTION
UNITED TATES TREASURY NOTE
FITM A2
4.000 15
TERM REPO AGREEMENT
03/07/05 INTEREST UNITED STATES TREASURY NOTE
DUE 023111. 4,000
FITM n REPO I
01/09M5 JOURNAL FITM UNITED EASURY NOTE
TERM REPO AGREEMENT
01/09M5 JOURNAL UNITED EASURY NOTE
FITM Al
4.000 15
REPO AGREEMENT
01/09X15 DELIVERED UNITED STATES TREASURY NOTE
DUE 01/31/2007 3,125
3.125)11(7 w
RIM A2
TERM ENT
03/09/05 RECEIVED UNITED STATES TREASURY NOTE
DUE 01/31/2007 3,125
3,125 7
FIN A3
TERM ENT
01/09/05 INTEREST UNITED STATES TREASURY NOTE
DUE 02/101. 4,000
FITM A2
REPO I
03/09/05 INTEREST UNITED STATES TREASURY NOTE
DUE OW/ 1,125
SVIABEIJCUSIP OVANTITY
40,000.000
DEBIT AMOUNT
38.800.000.00
FINANCIAL TRUST CO INC
STATEMENT PERK* Mann 1.2005
THROUGH March 31.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On PIM
LAST STATEMENT February 28.2005
CREDIT AMOUNT
1.584.33
35.000.000 34,125,000.00
-40,000.000 38.500.000.00
-8.000.000 7.990.000.00
8,000,000 7.990.000.00
2.644.69
5.166.87
027 0401.05:09:4S 001 V876
CLEARED THROUGH ITS
MICALY ONT.E0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
21 0 4:I
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TMIDE
DATE DATE TRATISACRON DESCRPRON SYMEMJCUSIP CAMMily DEIST AMOUNT CREW' AMOUNT
03/09/05 INTEREST UNITED STATES TREASURY NOTE 5.166.87
DUE 011 3.125
ATM A3
RESALE
03/10/05 JOURNAL FEDERAL NATIONAL MTG ASSN -11,014,443 7.646.000.00
SERIES 329 CLASS PO
DUE 01101/33
STRIP
ATM Al
REPO
AIM.
03,10/05 JOURNAL FEDERAL NATIONAL MTG ASSN 11.014.443 8.514.000.00
SERIES 329 CLASS PO
DUE 01101/33
STRIP
FMA RIFIRM AI TERM NT
0310105 JOURNAL FEDERAL NATIONAL MTG ASSN VIM -13,137.594 9,120,000.00
SERIES 329 CLASS PO
DUE 01101/33
STRIP
ATM Al
REPO Si
03/10/05 JOURNAL FEDERAL NATIONAL MTG ASSN 13.137.594 9.695.000.00
SERIES 329 CLASS PO
DUE 01101/33
STRIP
TERRARM ENT
03/10/05 JOURNAL FEDERAL NATIONAL MTG ASSN Miff 3.180.365
SERIES 346 CLASS 1
DUE II,
ATM A2
TERM MENT
03/10/05 JOURNAL FEDERAL NATIONAL MTG ASSN -3.180.365 2,202,000.00
SERIES 346 CLASS 1
DUE I 1
FITM lip Al
REPO A
FINANCAL TRUST CO INC
STATEMENT PERK* March 1.2005
THROUGH March 31.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On Pile
LAST STATEMENT Febuary 28.2005
027 0:01.05:09:49 001
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
=Pm 22
Transaction Detail (continued)
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRANSACTION DESORPTION STMBOL,CvStp WWII/ DEBIT AMOUNT CREDIT AMOUNT
03/10/05 JOURNAL FEDERAL NATIONAL MTG ASSN -4,978,135 3,395,000.00
SERIES 352 CLASS
0,001
FFONT r Al
REPO A
03/10/05 JOURNAL FEDERAL NATIONAL MTG ASSN 4,978,135 3.784.000.00
SERIES 352 CLASS 1
0.001
FITM AZ
TERM MENT
03/10/05 INTEREST FEDERAL NATIONAL MTG ASSN 7.486.69
SERIES 329 CLASS PO
STRIP
DUE Oj 0.000
ATM AZ
ai
REPO I
03/10/05 INTEREST FEDERAL NATIONAL MTG ASSN 18.475.38
SERIES 329 CLASS PO
STRIP
DUE 01 0,000
FITM AZ
REPO i
03/10/05 INTEREST FEDERAL NATIONAL LOG ASSN 8,211.28
SERIES 352 CLASS 1
DUE 07.0. 0.001
NM AZ
REPO i
03/14 ,05 JOURNAL FEDERAL NATIONAL MTG ASSN -5,213.713 3.608.000.00
SERIES 346 CLASS I
DUE 11.
FiTM Al
REPO A
03/14/05 JOURNAL FEDERAL NATIONAL MTG ASSN MIK 5,213,713 3,972,000.00
SERIES 346 CLASS 1
DUE I1Rill e
ATM AZ
TERM MENT
CLEARED THROuGH ITS
VASCO.? OMT,*0 SURSIOIARY
Beer Siert. Se •it' •
FINANCIAL TRUST CO INC
STATEMENT PERK* March 1.2005
THROUGH March 31.2005
ACCOUNT NUMBER
TAXPAYER WIRIER On File
LAST STATEMENT Fetnia4 28.2005
07/ 0401.0593:49 001 'Ws
CLEARED THROuGH ITS
IMICALY OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
23 ci 4:
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETILEMENT WADE
DATE DATE TRANSACTION DESCRIEMON SYLABC1JCUSIP OMMITIN DEBIT AMOUNT CREDIT AMOUNT
03/14/05 JOURNAL FEDERAL NATIONAL MTG ASSN 4,978,135 3,395,000.00
SERIES 352 CLASS 1
0,001 4
FITM 31.2
TERM MENT
03/14/05 DELIVERED UNITED STATES TREASURY NOTE MIS -8,000,000 7.990.000.00
DUE 01/31,2007 3,125
3,125)01/11,7
FITM A4
TERM AGREEMENT
03/14/05 INTEREST FEDERAL NATIONAL MTG ASSN MIS 8.311.41
SERIES 346 CLASS 1
DUE Ili. 0,000
FITM A2
REPO I
03/14/05 INTEREST FEDERAL NATIONAL MTG ASSN 1,131.67
SERIES 352 CLASS 1
DUE 071. 0,001
FITM A2
REPO I
03/14/05 INTEREST UNITED STATES TREASURY NOTE 7.739.20
DUE 01/ 3125
RIM A4
RESALE
oatist5 JOURNAL GOVERNMENT NATIONAL MTG ASSN .300.000
SERIES 2004-5 CLASS PS
4,351
FITM AI
REPO
0315;05 JOURNAL GOVERNMENT NATIONAL MTG ASSN 4,300,000 444,000.00
SERIES 2004-5 CLASS PS
FINANCAL TRUST CO INC
STATEMENT PER000 March 1.2005
THROUGH March 31.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT PeOruaty 28.2005
4,351
K
FITM A2
TERM ENT
027 0401.135:09A1S 001 Y876
CLEARED THROUGH ITS
YITIOlLY °MED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
24 c? 4:
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TIMISACRON DESORPTION SYMECLOCUSIP °GAMIN DEBIT AMOUNT CREDIT AMOUNT
03/15/05 RECEIVED UNITED STATES TREASURY NOTE 175,000,000 174,562,500.00
DUE 12/31/2006 3,000
3,000
FITM Al
RESALE T
03/15/05 DELIVERED UNITED STATES TREASURY NOTE MIN -200,000.000 200.000.000.00
DUE 12/31/2006 3,000
3,000
FITM RW2
TERM EEMENT
03/15/05 INTEREST GOVERNMENT NATIONAL MTG ASSN 400.22
SERIES 2004-5 CLASS PS
DUE 4,351
FRM A2
REPO I
03/15/05 INTEREST UNITED STATES TREASURY NOTE
DUE I Z. i ,000 243,944.44
03/16/05 JOURNAL FEDERAL NATIONAL MTG ASSN 11,014,443 7,646,000.00
SERIES 329 CLASS PO
DUE 01101/33
STRIP
FRM Mr A2
TERM MENT
03 ,16 ,05 JOURNAL FEDERAL NATIONAL MTG ASSN NNE 13,137,594 9,120,000.00
SERIES 329 CLASS PO
DUE 01/01/33
STRIP
ATM air A2
TERM MENT
03 ,16 ,05 JOURNAL FEDERAL NATIONAL MTG ASSN -16,269.480 11.248.000.00
SERIES 329 CLASS PO
DUE 01t01/33
STRIP
FINANCIAL TRUST CO INC
STATEMENT PERIOD Match 1.2005
THROUGH March 31.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On Fda
LAST STATEMENT PeOEUEUX 28.2005
ATM 81
REPO A
027 0401.05:0:49 001 Y876
CLEARED THROUGH ITS
YiliCtLY OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
25 c! 4:
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRACE
DATE DATE TRANSACTION DESORPTION SYMBOLCvStP Gummy DEBIT AMOUNT CREDIT AMOUNT
03/16/05 JOURNAL FEDL HOME LOAN MTG CORP#S 10110 -9.755,215 2,013,000.00
SERIES 228 CLASS 10
6Fam,000plair m
REPO
03/16/05 JOURNAL UNITED EASURY NOTE -30.000.000 28.650.000.00
FITM Al
4,000 15
REPO AGREEMENT
03/16/05 JOURNAL UNITED EASURY NOTE 40.000.000 38.500.000.00
FITM A2
4,000 15
TERM REPO AGREEMENT
0316/05 INTEREST FEDERAL NATIONAL MTG ASSN MEN 3.823.00
SERIES 329 CLASS PO
STRIP
DUE 013.0. 0,000
FITM A2
REPO I
0316/05 INTEREST FEDERAL NATIONAL MTG ASSN 4.560.00
SERIES 329 CLASS PO
STRIP
DUE 01,10 0,000
FITM A2
REPO I
03/16/05 INTEREST UNITED STATES TREASURY NOTE 6.684.03
DUE 02:1110 4,000
FITM A2
REPO I
03/18105 JOURNAL FEDERAL NATIONAL MTG ASSN NMI .201.100
SERIES 346 CLASS 1
DUE 11
FITM IMF Al
REPO A
FINANCIAL TRUST CO INC
STATEMENT PER000 March 1.2005
THROUGH March 31.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On Pole
LAST STATEMENT Fehruant 28.2005
027 0401A3S:09:4S 001 'WE
CLEARED THROUGH ITS
ORY.E0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
26 4:I
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETILEMENT TRACE
DATE DATE TRANSACTION DESCRIPTION STIAEICIJCUSIP CUMIN DEBIT AMOUNT CREDIT AMOUNT
03/18/05 JOURNAL FEDERAL NATIONAL MTG ASSN 3,180,365 2,202,000.00
SERIES 346 CLASS I
DUE II
FITM A2
TERM ENT
03/18/05 INTEREST FEDERAL NATIONAL MTG ASSN MI= 1,468.00
SERIES 346 CLASS 1
DUE 11t 0,000
FITM A2
REPO I
03/21/05 JOURNAL FEDERAL NATIONAL MTG ASSN 201.100
SERIES 346 CLASS I
DUE IAS I
FITM A2
TERM MENT
01 ,21/05 JOURNAL FEDERAL NATIONAL MTG ASSN -1.556.665
SERIES 346 CLASS
DUE I I
FITM Al
REPO A
01 ,21/05 JOURNAL FEDERAL NATIONAL MTG ASSN MIK 1.355.565 1.000.000.00
SERIES 346 CLASS
DUE II
FITM A2
TERM ENT
01 ,21/05 RECEIVED UNITED STATES TREASURY NOTE 50.000.000 49.875.000.00
DUE 12131/2006 3,000
F3ITM.000 l Al
RESALE T
03/21/05 DELIVERED UNITED STATES TREASURY NOTE -175.000.000 174.562.500.00
DUE 12/31/2006 3,000
FINANCIAL TRUST CO INC
STATEMENT PER000 March 1.2005
THROUGH Mirth 31.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT Psalm/ 28.2005
3,000
FITM AWL
TERM EEMENT
027 0401.05:09:4S 001 Y876
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
=Pm 27
Transaction Detail (continued)
REPURCHASE AND REVERSE REPURCHASETRANSACTIONS
SETTLEMENT
DATE
03/21/05
TRADE
DATE TRMISACSON DESORPTION
JOURNAL UNITED TATE TREASURY NOTE
ATM A2
4.000 15
TERM REPO AGREEMENT
(continued)
01+21/05 JOURNAL UNITED EASURY NOTE
ATM Al
4,000 15
REPO AGREEMENT
03/21/05 INTEREST FEDERAL NATIONAL MTG ASSN
SERIES 346 CLASS 1
DUE 11r  0.000
FILM A2
REPO I
03P21/05 INTEREST UNITED STATES TREASURY NOTE
DUE I21.1 1.000
03/21/05 INTEREST UNITED STATES TREASURY NOTE
DUE 02:111. 4.000
ATM A2
REPO I
03/22/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN
SERIES 2004.5 CLASS PS
RIM A2
TERM MENT
03/22/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN
SERIES 2004.5 CLASS PS
4.100
FITM Al
REPO A
03/22/05 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 353 CLASS 2
5.000
FFONT Alr
REPO A
CLEARED THRouGH ITS
OMY*0 SUBSIOTAIly
Beer Sten. Se •it' •
FINANCIAL TRUST CO INC
STATEMENT PER000 March 1.2005
THROUGH March 31.2005
ACCOUNT NUMBER
TAXPAYER MAGER On Edo
LAST STATEMENT Febuary 28.2005
SYTABIELGyMP I:COMM DEBIT AMOUNT CREDIT AMOURS'
30.000.000 28,650,000.00
EWE .56,000.000 53.830.000.00
MEM 1.926.67
MI= 71,473.65
WEE 10.035.46
MEM 4.300.000
MEM -4,300,000 427..000.00
14252,296 3.322.000.00
021 0401.05:09:49 001 Yeas
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
=Pm 28
Transaction Detail (continued)
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)
CLEARED THROuGH ITS
wisCtLY CAM,E0 SUBSIDIARY
Beer Stea•nt. Se •it' •
FINANCIAL TRUST CO INC
STATEMENT PERK* Mirth 1.2005
THROUGH March 31.2005
ACCOUNT NUMBER
TAXPAYER NUMBER OR PIM
LAST STATEMENT Pebruaiy 28.2005
STATEMENT TRADE
DATE DATE TRANSACTION DESCRPTICH STMEICLCVSIP DEBIT AMOUNT CREDIT AMOUNT
03/22/05 JOURNAL FEDERAL NATIONAL MTG ASSN 14,252.296 3,322,000.00
SERIES 353 CLASS 2
ovNTin
5 . 00  0FITM . i 1 rn
REPO A
03/22/05 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 353 CLASS 2
5,000 Ai
FITM AS
REPO A
03/22/05 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 353 CLASS 2
5,000 lai
RIM r A3
REPO A
03/22/05 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 353 CLASS 2
5.000 SW
RIM A4
REPO A
03/22/05 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 353 CLASS 2
5.000
FITM RIMIC36
TERM ENT
03/22/05 JOURNAL FEDL HOME LOAN MTG CORP#S 10110
SERIES 228 CLASS 10
6,0001.35
FITM Al
REPO
03/22/05 JOURNAL F111 E4 II EASURY NOTE
A l
R
,000 Is
REPO AGREEMENT
03/22/05 JOURNAL UNITED EASURY NOTE
RIM A2
4.000 15
TERM  REPO AGREEMENT
-14,252,296 3.322.000.00
-14,252,296 3.400.000.00
14,252,296 3,400,000.00
28,504.592 6,406,000.00
-9.755,215 2.018.000.00
-30.000.000 28.800.000.00
56.000.000 53.830.000.00
027 0.01.05:09:4S 001 '.876
CLEARED THROUGH ITS
MIPS? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
29 c? 4:
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRACE
DATE DATE TRANSACTION DESCRPTION
03/22/05 INTEREST FEDERAL NATIONAL MTG ASSN
SERIES 353 CLASS 2
DUE 07111. 5.000
FITM B6
REPO I
03/22/05 INTEREST UNITED STATES TREASURY NOTE
DUE 02t 4.000
FITM A2
REPO I
03/23/05 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 353 CLASS 2
5,000
FIRM
0.111134A6
TERM MENT
03/23/05 JOURNAL FEDL HOME LOAN MTG CORP#510109
SERIES 227 CLASS 10
FSIT114"0 310KA2
TERM ENT
03/23/05 JOURNAL FEDL HOME LOAN MTG CORP#510109
SERIES 227 CLASS 10
5.000
FITM 30. 34A2
TERM MENT
03123/05 JOURNAL FEDL HOME LOAN MTG CORP#S 10109
SERIES 227 CLASS 10
5,000 W
FITM A 1
REPO A
03/23/05 JOURNAL FEDL HOME LOAN MTG CORP#510109
SERIES 227 CLASS 10
5.000 lai
FITM A r
REPO A
SIMADDUICUSIP OVANTITT MIT AMOUNT
34,606.64
FINANCIAL TRUST CO INC
STATEMENT PERIOD March 1.2005
THROUGH March 31.2005
ACCOUNT NUMBER
TAXPAYER NUmBER On File
LAST STATEMENT February 28.2005
CREDIT AMOUNT
3,887.72
14.252.296 3,322,000.00
13,731.183
5.884.792
-11,279,186
-8.336.790 2.032.000.00
027 0401.05:09:49 001 .876
CLEARED THROUGH ITS
MOST ORY.E0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
30 c? 4:
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SET1LEIAENT TRACE
DATE DATE TRANSACTION DESORPTION
03/23/05 INTEREST FEDERAL NATIONAL MTG ASSN
SERIES 353 CUSS 2
DUE 07310 5,000
FITM A6
REPO I
03/28/05 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 346 CLASS 1
DUE 11
FRM A2
TERM MENT
03/28/05 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 346 CUSS 1
DUE 11
FITM Al
REPO A
0312&05 INTEREST FEDERAL NATIONAL MTG ASSN
SERIES 346 CUSS 1
DUE 1 Jai 0,000
FITM A2
REPO I
03/29/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN
SERIES 2004-5 CLASS PS
4,100
FITM Al
REPO
03/29/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN
SERIES 2004-5 CLASS PS
4,100
FRAM R111.2
TERM MENT
0329 ,05 INTEREST GOVERNMENT NATIONAL MTG ASSN
SERIES 2004.5 CLASS PS
DUE 02i 4.100
FITM A2
REPO I
STMDECCUSIP OUNGITY CENT AMOUNT
263.91
FINANCAL TRUST CO INC
STATEMENT PERIOD Mann 1.2005
THROUGH MUM 31.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT February 28.2005
CREDIT AMOUNT
677.782 500,000.00
.677.782
1.135.56
-4.300.000
4.300.000 427 000 00
253.23
027 0401.135:09:4S 001 'We
CLEARED THROUGH ITS
MIPS? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
31 c! 4:I
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SEMENOrt TRACE
DATE DATE TRANSACTION DESCRIPTION
03/30/05 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 353 CLASS 2
5,000
ATM W1
REPO A
03/30/05 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 353 CLASS 2
5,000
FITM W32
REPO A
0380/05 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 353 CLASS 2
5.000
FITM B3
REPO A
0380r05 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 353 CLASS 2
5,000 11.1
ATM 84
REPO A
03.30105 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 353 CLASS 2
5,000
FITM W35
REPO A
03.30105 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 353 CLASS 2
5,000
ITFI14 WAtt
TERM MENT
033005 JOURNAL FEDL HOME LOAN MTG CORP#S 10110
SERIES 228 CLASS 10
6,000
FITM
REPO A
FINANCIAL TRUST CO INC
STATEMENT PERIOD March 1.2005
THROUGH March 31.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT February 28.2005
SYMBOLCVSP OUAARITY MINT AMOUNT CREDIT AMOUNT
49.003061 4.429.000.00
SIM 19.003.061 4,429,000.00
-19,003,061 4.429.000.00
19.003,061 4,429,000.00
-19.003.061 4.429.000 00
EMI 33,255.358 7,351,000.00
Mit -9.755,215 100,000.00
027 0401.05:09:4S 001 0876
CLEARED THROUGH ITS
MICELI? ORY.E0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
32 0 4:
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SERLEMENT TOLE
DATE DATE TRANSACTION DESCRIGTH
03/30/05 JOURNAL FEDL HOME LOAN MTG CORP#S 10110
SERIES 228 CLASS 10
6,000
FITM Marl
REPO A
03/30/05 JOURNAL FEDL HOME LOAN MTG CORP#S 10110
SERIES 228 CLASS 10
6,000
FITM W2
REPO A
0380/05 JOURNAL FEDL HOME LOAN MTG CORP#S10110
SERIES 228 CLASS 10
6,000 M ir
F1TM A3
REPO A
0380ros JOURNAL FEDL HOME LOAN MTG CORP#S10110
SERIES 228 CLASS 10
6,000
FILM
REPO A
03/30/05 INTEREST FEDERAL NATIONAL MTG ASSN
SERIES 353 CLASS 2
DUE 073110 5000
FITM A4
REPO I
SYMEICIECvStP
FINANCIAL TRUST CO INC
STATEMENT PERKO March 1.2005
THROUGH March 31.2005
ACCOUNT NUMBER
TAXPAYER WARIER On File
LAST STATEMENT Fenian/ 28.2005
COWIN DEBIT AMOUNT CREDIT AMOUNT
-9.755,215 2,062,000.00
9.755,215 2.062.000.00
-9.755215
9,755,215
35,623.76
TOTAL 5544.732.894.06 5683,221,824.16
MISCELLANEOUS
DATE
1.13GAT TRAAISACTEN DESCRIPTOR
03/09/05 DELIVERED 20653766
ISILIPON 4.0000
FINANCING NET PAIROFF DBE
DEBIT AMOUNT CTECIT
189.59
027 0.01.05:09:49 001 '.876
CLEARED THROUGH ITS
MIPS? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
33 0 4:
Transaction Detail (continued)
MISCELLANEOUS (continued)
DATE
MOAT TRANSACTCN
03/11/05 JOURNAL
DESCADMON
FNMA 30YR. GTD
SETT. 03/05
5.500 DUE 03101 /35
MEG NET 03/11/05
DEBITAMOUNT CREW MOUNT
201,367.18
03/11/05 JOURNAL FNMA-30YR(FNMA)GTD
SER.03105
5.000 DUE 03/01/35
MBS NET 03/11/05
113.281.25
03/14/05 JOURNAL FNMA 30YR(FNMA) GTD
SETS, 03/05
6.000 DUE 03/01/35
MEG NET 03/14/05
34,375.00
03/15/05 JOURNAL FEB 05 SPEC CLEARING FEES
03/21/05 JOURNAL
5.450.00
TO CMDY AIC 892.060.50
03/22/05 JOURNAL FR CMDY 34.812.50
03/22/05 RECEIVED FEDERAL NATIONAL MTG ASSN
SERIES 353 CLASS 2
5.000 DUE 07101/34
DUE 07/01+2034 5.000
TRIP
POOL 0021445 COUPON 5,0000
78.000.00
03/22/05 DELIVERED FEDERAL NATIONAL MTG ASSN 78.000.00
SERIES 353 CLASS 2
5.000 DUE 0701/34
DUE 07,01:2034 5.000
T 0916370
TRIP
PCO. 0021445 CCUPCN 5,0000
03/23/05 JOURNAL FR CMDY AC  267,100.00
03/24/05 JOURNAL FR CMDY At
03/28/05 JOURNAL
98,562.50
FR CMDY 6.462.50
FINANCIAL TRUST CO INC
STATEMENT PERK* March 1.2005
THROUGH Mirth 31.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT PeOnnity 28.2005
027 0601.05:09:49 001 V876
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
MISCELLANEOUS (continued)
DATE
MaIMT TIRMISACTION DESCRIPTION EMTAMOUNT CREMT AMOUNT
03/29/05 JOURNAL FR CMDY NC 69,662.50
03/30/05 RECEIVED FEDL HOME LOAN MTG CORP#S10110 100,000.00
SERIES 228 CIASSIO
6,000 DUE 02+01/35
DUE 02 1191YNc A n00
STRIP
POOL 0034145 COUPON 6,0000
03/30/05 RECEIVED FEDL HOME LOAN MTG CORP#S10110 2.062.000.00
SERIES 228 CLASS*
6.000 OUE 0201:35
DUE 02 OD
CSTRIP
POD.. 0034145 CCUPCN 6.0000
03.+30/05 DELIVERED FEDL HOME LOAN MTG CORP#S10110 100,000.00
SERIES 228 CLASS 10
6.000 DUE 02101.35
DUE OZfTl9n3c x000
STRIP
POOL 0034145 COUPON 6,0000
03/30/05 DELIVERED FEDL HOME LOAN MTG CORP#S10110 2.062.000.00
SERIES 228 CIASSIO
6,000 DUE 02+01/35
DUE MAT1191YLc a n00
STRIP
POOL 0034145 COUPON 6,0000
TOTAL 3-3,452,158.93 $2,751,164.59
CLEARED IHROuGH ITS
viiiCti.v OW,*0 SUCISIOally
Beer &ter
FINANCIAL TRUST CO INC
STATEMENT PERK* March 1.2005
THROUGH Minh 31.2005
ACCOUNT NUMBER
TAXPAYER MAKER On File
LAST STATEMENT February 28.2005
027 C40145:09:0 001 Y876
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Trades Executed Pending Settlement
SETTLEMENT TRADE
DATE DATE TRANSACTION DESCRIPTION
04/01/05 03/31/05 BOUGHT
04/01/05 03.31/05 SOLD
04/01/05 03/31/05 SOLD
04/13/05 03/14/05 BOUGHT
04/13/05 03/15/05 BOUGHT
04/13/05 03/16/05 BOUGHT
04/13/05 03/21/05 BOUGHT
UNITED STATES TREASURY NOTE
03,000% JD 30
0 MATURITY
GVER REF # G0901002 Al
UNITED STATES TREASURY NOTE
03,750% MS 31
0 MATURITY
GVER REF Ft 60901006 Al
UNITED STATES TREASURY NOTE
03,750% MS 31
0 MATURITY
GVER REF # G0901006 81
FNMA 30YR GTD
SETT, 04105
00100.06.000% 57280000 BS
FNMA 30YR GM
SETT, 04105
05,000%
57140000 BS
FNMA 30YR GTD
SETT, 04105
101.1105,000%
57130000 BS
FNMA 30YR GTD
SETT, 04/05
05.000%
57140000 BS
CLEARED THROuGH ITS
wisE0. 11 OUT,*0 SUBSIOTAlly
Reef Siva rr 'if
FINANCIAL TRUST CO INC
STATEMENT PERK* March 1.2005
THROUGH March 31.2005
ACEOUST NUMBER
TAXPAYER MAKER On File
LAST STATEMENT February 28.2005
SYMBOL:CU-MP °WIN PRICE DEBIT AMOUNT CREC0 WONT
50.000.000.00 98.7304 49.742.306.20
Mir -30.000.000.00 99.9140 29.977.292.52
Mil -50.000.000.00 99.9140 49.962.154.20
10.000.000.00 97.7109 9.771.093.75
VIM 20.000.000.00 97.5781 19.515.625.00
11111 5.000.000.00 97.9335 4,896,679.69
EMI 40.000.000.00 97.7500 39.100.000.00
027 04LOIXIS:09:4S 001 2876
B
STUURR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Trades Executed Pending Settlement (continued)
SETTLEMENT TRADE DATE DATE TRANSACTION CESOMPTION
04/13/05 03/30/05 BOUGHT
041 3105 03/08/05 SOLD
04/13/05 03/08/05 SOLD
04/13/05 03/09/05 SOLD
04/13/05 03/09/05 SOLD
04/13/05 03/14/05 SOLD
04/13/05 03/18/05 SOLD
STMOOLCUSE>
CLEARED TiTRoue,' ITS
%%Ore ERMCD SCUMMY',
Beer Sown id
FINANCIAL TRUST CO INC
STATEMENT PERIOD March 1.2005
THROUGH March 31.2005
ACCOUNT NUMBER
TAXPAYER NUEIBER On File
LAST STATEMENT Febnialy 28.2005
CAMA/TITY PR CE DEBIT AMOUNT CPECKI AMOuNI
FNMA 30YR GTD 50.000.000.00 97.3984 48,699,218.75
SETT, 04105
57320000 BS
FNMA 30YR GTD
SETT 04105
05,000%
58030000 BS
FNMA 30YR GTD
SETT, 04105
05.000%
57670000 BS
FNMA 30YR GTD
SETT, 04105
10100105000%
57380000 BS
FNMA 30YR GTD
SETT, 04,.05
05,000%
57320000 BS
FNMA 30YR GTD
SETT, 04105
57080000 BS
FNMA 30YR GTD
SETT, 04/05
7000000 BS
-10.000.000.00 98.4687 9.846.875.00
-20.000.000.00 98.5312 19.706.250.00
-15.000.000.00 97.9218 14,688,281.25
-20.000.000.00 97.9921 19,598,437.50
-20.000.000.00 97.6562 19,531,250.00
-20.000.000.00 97.9101 19,582,031.25
027 041)0165:09:4S 001 Y8713
B
STURUR NS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
37 c? 4:I
Trades Executed Pending Settlement (continued)
CLEARED THROUGH ITS
WHOM.? (AMC/ SUBSIDIARY
Beer Sier
FINANCIAL TRUST CO INC
STATEMENT PERK* March 1.2005
THROUGH Marsh 31.2005
ACCOUNT NUMBER
TAXPAYER WhISER On Ale
LAST STATEMENT EMNUEly 28.2005
SETTLEMENT DATE TRADE DATE TRANSACTION DESORPTION SM100.,CuSP OuANTITY AXE DEOIT AMOUNT CREPT AlKuNT
04/13/05 03/18/05 SOLD FNMA 30YR GTD -20.000.000.00 97.9218 19.584.375.00
SETT, 04105
57050000 BS
04/13/05 03/14/05 BOUGHT FNMA 30YR GTD 5.000.000.00 100.1328 5.006.640.63
SETT 04105
05,500%
57290000 BS
04/13/05 03/16/05 BOUGHT FNMA 30YR GTD NMI 5.000.000.00 100.2656 5,013,281.25
SETT, 04105
larnitiii05,500%
57240000 BS
04/13/05 03/29/05 BOUGHT FNMA 30YR GTD 20.000.000.00 101.4843 20.296.875.00
SETT, 04105
Itaill05,500%
57130000 BS
AS OF 03/29/05
04/13/05 03/30/05 BOUGHT FNMA 30YR GM 35.000.000.00 99.8125 34.934.375.00
SETT 04105
05,500%
57390000 BS
04/13/05 03/29/05 CANCEL BUY FNMA 30YR GM NMI 20.000.000.00 101.4843 20,296.875.00
SETT, 04105
57130000 BS
AS OF 03/29/05
04/13,05 03/08/05 SOLD FNMA 30YR GTD -10.000.000.00 100.7070 10.070.703.13
SETT, 04105
58150000 BS
027 DAV 06.49:49 001 '.876
CLEARED THROUGH ITS
MIPS? 0111,(D SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Trades Executed Pending Settlement (continued)
FINANCIAL TRUST CO INC
STATEMENT PERK* March 1.2005
THROUGH March 31.2005
ACCOUNT NUMBER
TAXPAYER AMMER On File
LAST STATEMENT PeOlUary 28.2005
SETTLEMENT DATE TRADE DATE TRANSACTION CESCRPTION 20/00..CuSP OuANTITY PRCE DEOIT AMOUNT CREPT MORO
04/13/05 03/09/05 SOLD FNMA 30YR GTD -15,000.000.00 100.2812 15,042,187.50
SETT, 04105
05,50016
57390000 BS
04113/05 03/09/05 SOLD FNMA 30YR GTD -20,000.000.00 100.3476 20.069.531.25
SETT 04105
05.500%
57280000 BS
04/13/05 03/29/05 SOLD FNMA-30YR(FNMAJGTO -20,000.000.00 101.7187 20.343.750.00
SETT,04/05
57090000 BS
04/13/05 03/30/05 SOLD FNMA-30YR(FNMA)GTD -20.000.000.00 101.9218 20.384.375.00
SETT,04/05
06.000%
57150000 BS
04/18/05 03/29/05 BOUGHT FNMA 30YR GTD 20,000,000.00 101.4843 20.296.875.00
SETT, 04,05
05,500%
57130000 BS
04/18/05 03/29/05 CANCEL BUY FNMA 30YR GTD 20,000,000.00 101.4843 20,296,875.00
SETT, 04105
57130000 BS
AS OF 03/29/OS
04/18105 03/08105 BOUGHT FNMA-15YR(FNMA-15)GTD 20,000,000.00 98.5468 19,709,375.00
SETT,04/05
00. 4 04.500% 57680000 BS
027 0401.05:09:49 001 '.X7S
CLEARED THROUGH ITS
MIDST ORT.E0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
39 c? 4:
Trades Executed Pending Settlement (continued)
SETTLEMENT DATE TRADE DATE TRANSACTION
04/18/05 03/14/05 BOUGHT
04/18/05 03/09/05 SOLD
04/18/05 03/15/05 SOLD
04/18/05 03/29/05 BOUGHT
04/18/05 03/30/05 BOUGHT
0512/05 03/31/05 BOUGHT
DESCRIPTION
FNMA-15YR(FNMA-15)GTD
SETT,04/05
01,50016
FNMA-15YR(FNMA-15)GTD
SETT 04/05
04,500%
FNMA-15YR(FNMA-15)GTD
SETT,04/05
FNMA 15YR(FNMA 15)GTD
SETT,04 OS
AS CF 03:29:05
FNMA-15YR(FNMA-15)GTD
SETT 04:05
05,500%
FNMA-30YR(FNMAJOID
SETT,05/04
100/005,000%
FINANCIAL TRUST CO INC
STATEMENT PERIOD March 1.2005
THROUGH Minh 31.2005
ACCOUNT NUMBER
TAXPAYER ARAISER On FM
LAST STATEMENT PeOrualy 28.2005
SO,100..CuSP OUANTITY PPICE DENT AMOUNT CREPT AMOUNT
BS
20,000,000.00 97.7734 19,554,687.50
-20,000.000.00 97.9531 19.590.625.00
BS
-20,000.000.00 97.7421 19.548.437.50
BS
20.000.000.00 101.4843 20.296.875.00
BS
20.000.000.00 101.6406 20.328.125.00
BS
20.000.000.00 97.4921 19.498.437.50
BS
027 0410105:09:4S 001 Y876
CLEARED THROUGH ITS
YAIOU.Y omeo SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
40 c? 4:
Trades Executed Pending Settlement (continued)
SETTLEMENT TRADE
DATE DATE TRANSACTION CECRPTION
05/12/05 03/31/05 BOUGHT
Sr/A80-CUSP
FINANCIAL TRUST CO INC
STATEMENT PERK* March 1.2005
THROUGH March 31.2005
ACCOUNT NUMBER
TAXPAYER ARAISER On File
LAST STATEMENT Febniary 28.2005
OuANTITY PRICE DENT AMOUNT Ca£O.T AMOLNT
FNMA-30YR(FNNIA)GYD 20.000.000.00 99.8906 19,978,125.00
SETT,05:05
1000005.500%
57150003 BS
TOTAL $376.638.595.27 $368.120,306.10
The Mot, yak., Co inn %Veal m a, 011µ.. ee.t n
End of Statement
027 DIDIOSITYSMS 001 V876
CLEARED 1HRCOGH ITS
IMICtLY OHGED SUBSIDIARY
B
STURUR NS
OFFICE SERVICING YOUR ACCOUNT
S mear. Stearns 8 Co. Inc.
ACCOUNT EXECUTIVE GNMA GOVT BOND
VISIT OUR WEBSITE veemr.bearstearns.com
What's In This Statement
Financial Summary 3
Your Portfolio Holdings  4
Transaction Detail  7
Trades Not Yet Settled  37
Your Portfolio at a Glance
TOTAL VALUE OF SECURITIES THIS PERIOD 1.175.677
LONG ACCRUED INTEREST 4.920
NET CREDIT BALANCE 336.828
NET EQUITY THIS PERIOD $1,517,425
NET EOLIITY LAST STATEMENT 11,740.244
CHANGE SINCE LAST STATEMENT -10,222.820
There are no 'Stop Loss' orders or other pending buy
or sell open orders on file for your account.
11111111111111111 I I
FINANCIAL TRUST CO INC
=JEFFREY EPSTEIN
6100 RED HOOK QUARTER
STE 63
ST THOMAS VI 00802
Market Value of Your Portfolio
Cash 8 Equvalent _6336.828
$976.344
Fixed
Income
175.677  (Criall   (nal))
$10.656.868
Current market va_ue
MIN Last statements market value
I fel r
FINANCIAL TRUST CO INC
STATEMENT PERKO February 1.2006
THROUGH February 28.2005
ACCOLNT NUMBER
TAXPAYER WINER On File
LAST STATEMENT January 31.2005
TMETEETETelsTor eleccourbeal dowses otitis not INOMMEI as a tat doaevert
Tin Abend shood M retaned for your records Soo worn Sr faffeSCROft rdormalpn
027 CGOINS:11:09 001 van
CLEARED 'THROUGH RS
WHOLLY OBAED SUBSIDIARY
FINANCIAL TRUST CO INC
2 o13$
STATEMENT BACKER IS PRINTED ON THIS PAGE
027 03OLO5:11:09 001 van
CLEARED THROUGH ITS
MIPS? EMBED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
3 o •Je,
Cash Flow Analysis
THIS PEFICO
Opening Balance $976,344.40
Securities Sold
Dividends Interest
Miscellaneous
1,577,818,284.36
2,846,165.17
86,598.03
Amount Credited $1.580.751,047.56
Securities Bought
Dividends/Interest Charged
Miscellaneous
-1,579,710,263.75
-1,601,047.44
-79.253.13
Amount Debited $-1.581,390,564.32
Net Cash Activity -639.516.76
ClosingBalance $336,827.64
Cash Balance Summary
OFth CLOSING
Margin 976.344.40 336,827.64
Net Cash Balance $976,344.40 $336,827.64
Income Summary TAS PERICO YEAS TO DATE
U.S. Govt. Bond Int.
Govt. Agency Int.
Corp. Bond Int.
Credit Balance Int.
Reverse Repurchase Int.
2,046,727.15
673.909.66
124.771.86
756.50
267.946.52
2.331.844.56
1.329.239.69
254.949.30
756.50
503.374.01
Total $3 114 111.69 $4 420 164.06
Bond Purchase Int.
Repurchase lnt. Exp.
-1.601.047.44
-104.943.86
Portfolio Composition
CashtCash Equivalent
Fixed Income
-2.190,436.95
-222,965.23
336,828
1.175,677
Total $1.512.505
027 030705:11:09 001
FINANCIAL TRUST CO INC
STATEMENT PEffico February 1.2005
THROUGH February 28.2005
ACCOUNT NUMBER
TAXPAYER KINSER On Ale
LAST STATEMENT January 31.2005
Your Portfolio
Allocation
jCash & Equivalent
23%
Fued Income
7%
Untivaecl croons Oen,* Oat Dionp, *nee Or,
male wive, The eincom ;event'', If  dewed
Icon to '0191A* motel itbe al >ov Mtn"
CLEARED THROUGH ITS
YAICU.Y omeo SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
4 o nn
Your Portfolio Holdings
CASH & CASH EQUIVALENTS
DESCPJPION
CASH BALANCE
S•MSCLOSIP
PMPXET ES1ILIATED CURPENT
OUMITJTY PACE VALUE WSJ& IniCCuE vat I%)
336.828
TOTAL CASH & CASH EQUIVALENTS S338.828
FIXED INCOME
Government & Agency Obligations
DESCRPRON SWA3OLCUSP
ACCT
TYPE DUMMY PRICE MARKET VALUE ACCRUED MEREST EsrAtanm ANNUAL INCOME
CURREM YEID Ity
FEDERAL NATIONAL MTG ASSN
SERIES 2003-49 CLASS SW
DATED DATE 04/30/03
BOOK ENTRY ONLY
DUE 01/25/2033 4.350%
FACTOR - .55821251
FEDERAL NATIONAL MTG ASSN
SERIES 346 CLASS I
DATED DATE 11/01/03
BOOK ENTRY ONLY
DUE 11/01/2033
FACTOR — 1.00000000
Total Government& Agency Obligations
MRGN
MRGN
13,568,337
8,6649 1,175.676
78.8359
$1,175.677
4.920
34.920
590.223
3590.223
50.2029
TOTAL FIXED INCOME $1,175.677 34.920 3590.223
YOUR PORTFOLIOHOLOINGSACCRUED INTEREST $4,920
YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME $590.223
YOUR PRICED PORTFOLIOHOLDINGS 81.512.505
FINANCIAL TRUST CO INC
STATEMENT PERK* February 1.2005
THROUGH February 28.2005
ACCOUNT NUMBER
TAXPAYER NA DER OR PIM
LAST STATEMENT January 31.2005
027 0101G5:11:09 001
CLEARED THROUGH ITS
YiNCtLY 0‘11,E0 SUBSIOMAY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Repurchase and Reverse Repurchase Transactions
with Bear, Stearns& Co. Inc.outstanding as of date of statement
PACK'S& FIEFURCHPSE PRICING PURCHASE RIM ACCRUED REPO GUANTIN
START DATE DAM ROE PAINOPAL MEREST' (FACE AMOUNT) CUSP DESCRIPTOR
I it' GoI
FINANCIAL TRUST CO INC
STATEMENT PERIOD February 1.2005
THROUGH February 28.2005
ACCCUNT NUMBER
TAXPAYER MADER On PIM
LAST STATEMENT January 31.2005
YOu SOLD GOVERNMENT NATIONAL MEG ASSOC
(REPO) 01/13105 04/11105 2.860 -2.601.000 -9.711 -22.100.000 SEES 2004-S CLASS P 4,3518 02/20/33
YOU SOLD FANNIEMAE STRIP
(REPO) 01/13/05 04/11/05 2.860 -11.902.000 -44.440 -30.000.000 SEES 329 CLASS PO 12/01/32
YOU SOLD FANNIE MAE STRIP
(REPO) 01/13/05 04/11/05 2.860 -6.406.000 -23.919 -30.000.000 SEES 353 CLASS 10 5,0000 07/01/34
YOU SOLD FANNIE MAE STRIP
(REPO) 01128/05 04/11/05 2,860 -7.351.000 -18.687 -35.000.000 SEES 353 CLASS 10 5,0000 07/01/34
YOU PROVIDED FEDERAL NATIONAL MTG ASSOC
(MARGIN) 02/07/05 OPEN 0,000 -50.000.000 SEES 2003-13 CLASS 5.3500 03,125/33
YOU PROVIDED GOVERNMENT NATIONAL MTG ASSOC
(MARGIN) 02/09/05 OPEN 0,010 4.300.000 SEES 2004-5 CLASS P 4,3518 02/20/33
YOU SOLD FANNIE MAE STRIPS
(REPO) 02/10/05 03/10105 2,790 -3.784.000 -5.571 -5.500.000 SEES 352 CLASS PO 07/01/34
YOU SOLD FANNIEMAE STRIP
(REPO) 02/10/05 03/10/05 2,790 -8.514.000 -12.536 -20.959.779 SEES 329 CLASS PO 12/01/32
YOU SOLD FANNIEMAE STRIP
(REPO) 02/15/05 03/14/05 2,790 -3.972.000 -4.309 -7.000.000 SEES 346 CLASS PO 11/01/33
YOU PROVIDED FEDERAL HOME LOAN STRIP
(MARGIN) 02/16/05 OPEN 0,000 -14,000.000 SEES 227 CLASS 10 5,0000 12/01/34
YOU PROVIDED FEDERAL HOME LOAN STRIP
(MARGIN) 02/17/05 OPEN 0,000 -6.000,000 SEES 227 CLASS 10 spoof) 12/01/34
027 03,01,05:11:09 001 Y872
CLEARED THROUGH ITS
YAIDALY OUS*0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Repurchase and Reverse Repurchase Transactions (continued)
with Bear,Stearns& Co.Inc. outstanding asof date of statement (continued)
PURCHASE/
START DATE
REPURCHASE
DATE
PRICING
RATE
PURCHASE PRIC£I
PRINCPAL
ACCRUED REPO
MEREST'
GUAPMTY
(FACE AMOUNT) CUSP DESCRIPTION
YOU SOLD UST/ 4,0000 02/15/15
(REPO) 02/18/05 OPEN 2.270 -29.475.000 -20.730 -30.000,000
YOU SOLD UST/ 5,3750 0'2/15/31
(REPO) 02/22/05 OPEN 2520 -3.322.500 -1.568 -3.000.000
YOU SOLD FANNIEMAE STRIP
(REPO) 02/25/05 03/24/05 2.890 -1.000.000 -321 -1.820,000 SERES 346 CLASS PO 11/01/33
YOU SOLD FANNIEMAE STRIP
(REPO) 02/28/05 03/10/05 2.780 -9.695.000 -748 -25.000.000 SERES 329 CLASS PO 12/01/32
YOU SOLD FANNIEMAE STRIP
(REPO) 02/28/05 03/28/05 2.920 -500.000 -40 -910.000 SERES 346 CLASS PO 11/01/33
YOU PROVIDED FANNIEMAE STRIP
(MARGIN) 02/28105 OPEN 0.000 -4.270.000 SERES 346 CLASS PO 11/01/33
YOU BOUGHT UST/ 3,125001/31/07
(REVERSE) 02/23/05 OPEN 2.200 7.990.000 1.207 8.000.000
YOU BOUGHT UST/ 3,0000 12/31/06
(REVERSE) 02/24/05 OPEN 2.400 200.000.000 65.000 200.000.000
TOTAL REVERSE REPURCHASETRANSACTIONS
I,Sean SPCmit' GoI
FINANCIAL TRUST CO INC
STATEMENT PERK* February 1.2005
THROUGH February 28.2005
*COMM NUMBER
TAXPAYER NUMBER OR FOR
LAST STATEMENT January 31.2005
1207.990.000 186.207
TOTAL REPURCHASETRANSACTIONS 148.522.500 1-142580
As ct sLmaraoni date
027 0101GS:11:09 001 7872
CLEARED THROUGH ITS
MIPS? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
7 cl nn
Transaction Detail
INVESTMENT ACTIVITY
FINANCIAL TRUST CO INC
STATEMENT PERK* February 1.2005
THROUGH February 28.2005
AGLOW! NUMBER
TAXPAYER MASER On FIN
LAST STATEMENT January 31.2005
SETTLEmENT
DATE
TRADE
DATE TRANSACT/0,J c,Eyba pHON SAIEICLCUSP OuAmire PRGE DEBIT AMOUNT CREDIT AMOUNT
02/01105 01/31105 SOLD UNITED STATES TREASURY NOTE .15,000.000 99.68750 14.953.125 .00
03.125% JJ 31
0 MATURITY
ACCR, INT, 1.294.89
GVER REF # G031 1009 Al
02/04105 02/03+05 SOLD UNITED STATES TREASURY NNE NMI -25.000.000 99.60156 24.900.390 ,63
03.125% JJ 31
0 MATURITY
ACCR, INT, 8.632.59
GVER REF P G0341008 Al
0=7+05 02/04+05 BOUGHT UNITED STATES TREASURY NOTE 9.000.000 101.32422 9.119.179.69
04.250% MN 15
0 MATURITY
ACM INT, 88.756.90
GVER REF # G0351017 Al
02/07+05 02/04+05 BOUGHT UNITED STATES TREASURY NOTE 12.000.000 101.59375 12.191.250.00
DUE 1111 5+2014 04.250% MN 15 ACM INT. 118.342.54 SPECIAL INSTRUCTIONS
YIELD 4.050 % TO MATURITY
GVER REF 0 G0355379 A3 wwEe
02/07+05 02/04+05 BOUGHT UNITED STATES TREASURY NOTE MIN 16.000.000 99.49219 15.918.750.00
03.000% JD 30 ACM INT. 50.386.74
0 MATURITY
GVER REF # 60351009 Al
02/07+05 02/04+05 SOLD UNITED STATES TREASURY NOTE NNW -20000.003 99.71094 19.942.187 ,50
03.625% JJ 15 ACCR. INT. 46.063.54
. 0 MATURITY
GVER REF # G0351013 Al
02/07105 02/04+05 SOLD UNITED STATES TREASURY NOTE -15.000.000 99.75391 14.963.085 ,94
03.125% JJ 31
0 MATURITY
ACCR, INT, 9.064.22
GVER REF 0 60351035 Al
027 03,01G5:11:09 001 '.1172
CLEARED THROUGH ITS
?RIMY CAM,E0 SUBSIDIARY
BUR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTOR
0207105 PRINCIPAL
02,08105 02/07105 BOUGHT
02/08/05 02/07105 SOLD
0209/05 02/08105 BOUGHT
0209105 02/08105 SOLD
02/10105 01/11105 CANCEL SELL
02/1005 01/18105 CANCEL SELL
OESCRIPTION
FEDERAL NATIONAL MTG ASSN
STRIP MTG SERIES 322 CL PO
0.001 DIE 03/01/32
PRINCIPAL REDUCTN 02-25-05
UNITED STATES TREASURY BONDS
05.375% FA 15
MATURITY
GVER REF # G0381001 Al
UNITED STATES TREASURY BONDS
05.375% FA 15
MATURITY
GVER REF N G0381002 Al
UNITED STATES TREASURY BONDS
05.375% FA 15
MATURITY
GVER REF # G0391000 Al
UNITED STATES TREASURY BONDS
05.375% FA 15
MATURITY
GVER REF V 00391003 Al
FNMA-30YR(FNMAJOID
SE1T,02105
II.005.500%
57220000 BS
AS OF 01/11105
TO CM. PREVIOUS SELL
FNMA-30YRtFNMA)OID
tSEIT.02/05 c6.500%
7000000 BS
AS OF 01/18/05
TO CM. PREVIOUS SELL
(.Sean $PCmiI e; EAR
FINANCa TRUST CO INC
STATEMENT PERIOD February 1.2005
THROUGH February 28.2005
ACCOUVT NUMBER
TAXPAYER isiuDOER OR File
LAST STATEMENT January 31.2005
Ou.wrir, PRICE DEBIT AMOUNT CHEM AMOUNT
-95.853
10,000.000 114.47266 11,447,265.63
ACCR, NT. 258,525,81
-10,000.000 114.54688
ACCR,
11.454,687 .50
258.525,82
10430.000 114.75000 11.475.000.00
ACCR, OJT, 259.986.41
-10.000.000 115.79688
ACCR. INT,
11.579,687 ,50
259.986.41
10,000,000 101.25000 10.125000.00
10.000.000 101,51563 10.151.562,50
02/ 03OI,D5;n:09 001 V872
CLEARED THROUGH ITS
YAICELY GMB*0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION
02/10/05 01/20/05 BOUGHT
02/10105 02/03105 BOUGHT
02/10105 01/11115 SOLD
02110/05 01/18105 SOLD
02/10.05 01/20/05 CANCEL BUY
02/10,105 02/0345 CANCEL BUY
OESCRIPTION
FNMA-30YR(FNMA)OM
Th 05.500%
FNMA-30YR(FNMA)OTD
sSEIT.02/05 05.50096
FNMA-8DYR(FNMA)OTD
SETT.02$35
1~05.500%
FNMA-80YR(FNMAATD
amistsEr.0.05 (6.500%
FNMA-30YR(FNMA)610
SETT.02r05
110111.11 505.500%
AS OF 01/20,105
TO C)3. PREVIOUS BUY
FNMA-30YR(FNMA)610
imiosSEIT.02/05 05.500%
7720000 BS
AS OF 02103/05
TO CM. PREVIOUS BUY
I.Sean $PCmiI e; EAR
FINANCa TRUST CO INC
STATEMENT PEW° Estrum)/ 1.2005
THROUGH February 28.2005
AGLOW! NUMBER
TAXPAYER WINER On FIB
LAST STATEMENT January 31,2005
SYMBOLCUS, °VANITY Pea DEBIT AMOUNT CROW AMMO
BS
10.000.000 101.73017 10,173,046.88
10.000.000 101.80469 10.18D468 .75
BS
-10.000.000 101.25000 10.125,000,00
BS
-10.000.000 101.51563 10.151.562 ,50
BS
-10.000.000 101.72047 1D173.006 ,88
BS
-10.000.000 101.80469 1D180.468 ,75
027 OCTOI:05:i 1:09 001 VS72
CLEARED THROUGH ITS
YAICU.Y oonco SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
10 c! 33
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTOR
02/10105 01/2066 BOUGHT
02/10/05 01/2045 BOUGHT
02/10105 02/03105 CANCEL SELL
02/10105 01/20105 CANCEL BUY
02/10105 01/20.05 CANCEL BUY
02 0 OS 02/03105 SOLD
DESCRIPTION
FNMA-30YR(FNMNGID
SETT:32/0S
# 1505.000,::
AS OF 01/20105
FNMA-30YRIFNMAIGID
SET .02105
05.000%
FNMA-30YR(FNLINGID
SETT.02:06
05.000%
AS OF 02/03105
TO CXL PREVIOUS SELL
FNMA-306I(FNMA)GID
591.02.05
06.000%
AS OF 01/20105
TO CXL PREVIOUS BIN
FNMA-30YRIFNMAAID
SEIL02)05
101101 506.000%
AS OF 01/20105
TO CXL PREVIOUS BUY
FNMA-306I(FNMA)GID
SETT.02105
FINANCIAL TRUST CO INC
STATEMENT PERIOD February 1.2005
THROUGH February 28.2005
ACCOUNT NUMBER
TAXPAYER issASER ON PIM
LAST STATEMENT January 31.2005
ST/ADOLCUSP QUANTITY PR9CE DEBIT AMOUNT CFEOIA/lOcter
BS
10.000.000
10.000.000
99,65234
99,65234
9.965.234,38
9.965.234,38
BS
10.000.000 99,70313 9,970,312 ,50
BS
-10.000.000 99,65234 9.965.234,38
BS
-10.000.000 99.65234 9.965.234.38
BS
MIK -10.000.000 99,70313 9.970.312.50
05.000%
7760000 BS
027 010105:11:09 001
CLEARED IHROuGH ITS
yniCLE.Y OMED SUOSIOany
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
11 o
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE -RANSIC11371
02/10/05 1230 ,04 CANCEL SELL
02/10/05 12/16'04 BOUGHT
02/10.05 01/11105 BOUGHT
02/10.05 02/03/05 CANCEL SELL
02/10.05 12/30.04 SOLD
02/10.05 12/16/04 CANCEL BUY
DESORPTION
FNMA 30YR OTO
SETT, 02105
1.111 506,000
AS OF 12/30/04
TO CA. PREVIOUS SELL
FNMA 30YR OTO
SETT. 02,05
FNMA 30YR GTO
SETT, 02'05
06,000%
FNMA 30YR GTO
SETT, 02/05
AS OF 02/03/05
TO CA. PREVIOUS SELL
FNMA 30YR GTO
SETT, 0265
011. 506,000%
FNMA 30YR GTO
SETT 02/05
06,000'.
7320000 BS
AS OF 12/16104
TO It PREVIOUS BUY
FINANCIAL TRUST CO INC
STATEMENT PERIOD February 1.2005
THROUGH February 28.2005
ACCOUNT NUMBER
TAXPAYER WAGER On Pile
LAST STATEMENT January 31.2005
SYNEKILCUSP OUNPITV PRICE DEBIT AMOUNT CAEG7
10,000,000 102,98438 10.298.437.50
BS
10.000.000 103,03125 10.303.125.00
BS
MIN 20.000.000 103,03125 20,606,250.00
BS
20.000.000 103,23438 20.646.875,00
BS
-10.000.000 102,98438 10.298.437 .50
BS
-10.000.000 103,03125 10.303.125 .00
027 0001.05:11:09 001 sea72
CLEARED THROUGH ITS
YAIOU.Y OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
12 0
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTOR
02/10105 01/11105 CANCEL BUY
02/1045 02/03+05 SOLD
02/10.'05 01/31+05 BOUGHT
02/1045 02/0945 BOUGHT
02/111105 02/09.'05 BOUGHT
02/16'05 02/00'05 SOW
02/11105 0=3 ,05 SOLD
DESCRIPTION
FNMA 30YR GTO
SETT. 02105
01/1006.000%
57210000 BS
AS OF 01/11105
TO CM. PREVIOUS BUY
FNMA 30YR GTO
SETT. 02'06
7740000 BS
FEDERAL NATIONAL MTG ASSN
SERIES 352 CLASS 1
00.001%
57900000 BS
TO ADJ PREVIOUS MONTHS FACTOR
AS OF 01/31105
UNITED STATES TREASURY BONDS
05.375% FA IS
MATURITY
GVER REF # G0401000 Al
UNITED STATES TREASURY BONDS
05.375% FA 15
. MATURITY
GVER REF # G0401030 Al
UNITED STATES TREASURY BONDS
05.375% FA 15
. v TO MATURITY
GVER REF # G0401005 A3
FEDL HOME LOAN MTG CORP#S02684
SEFUES 218 CL PO
1 111. 111157420000 BS
FINANCIAL TRUST CO INC
STATEMENT PERIOD February 1.2005
THROUGH February 28.2005
AGLOW! NUMBER
TAXPAYER issaMER On PIM
LAST STATEMENT January 31.2005
STIADOLCUSP OUNWITY PRICE DEBIT AMOUNT CREW MOUNT
-20,000,000 103.03125 20.606,250 .00
-20.000.000 103.23438 20.646.875 ,00
5.063.863 80.75000 4.089.069.53
10.000.000 114.71875 11.471.875.00
ACM, INT. 261.447,01
10.000.000 115.63281 11.563.281 .25
ACCR, OJT, 261.447,01
EMI -10.000.000 115.07813 11,507,812.50
ACCR, INT, 261.447.01
.11,250.106 86.56250 9.738.373.44
027 MOLDS:T1:09 001 V872
CLEARED THROuGH ITS
wilDtLY CAM,E0 SUBSIDIARY
BUR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION OESCRIPTION STMEIOLCUSV %MARRY PRICE DEBIT AMOUNT CREDO MORD
02/11/05 02/10/05 BOUGHT UNITED STATES TREASURY NOTE 10.000.000 101,56250 10,158,250.00
laili4.250% MN 15
MATURITY
ACM. INT, 103.314,92
GVER REF #130411021 Al
02/11105 02/10/05 SOLD UNITED STATES TREASURY N3TE -5.000.000 101,84375 5,092.187.50
04.250% MN 15 ACCR, INT. 51.657.46
MATURITY
GVER REF # G0411011 Al
02/11105 JOURNAL ANNIE MAE CMO/SERIES 2003-13
S RCA-VO FLTR
5.470 DUE 03/25/33
ADJUST POSITION
02/14/05 02/10105 BOUGHT FEDERAL NATIONAL MTG ASSN 5.310.807 83.79688 4,450,290.63
SEFUES 346 CLASS 1
IMIIII57250000 BS
ovittis 029 0(05 BOUGHT FEDL HOME LOAN MTG CORP#S10109 9.869,325 23,75000 2,343,964.90
SERIES 227 CLASS 10 ACCR, INT, 17,819.62 ilail05,000%
7360000 BS
02/14105 02/11105 SOLD UNITED STATES TREASURY NNE -10.000.000 99,52734 9.952.734.38
OUE 12/31/2006 03.000% JD 30 ACCR, INT. 37.292.81 SPECIAL INSTRUCTIONS
YIELD 3261 % TO MATURITY
GVER REF # G0422831 A3 WWEB
02/14/05 02/11105 SOLD UNITED STATES TREASURY N3TE -15.000.000 99,47656 14.921.484 ,38
03.000% JD 30 ACCR, INT. 55.939.22
MATURITY
GVER REF # G0421020 Al
021405 JOURNAL FEDL HOME LOAN MTG CORP#502684
SERIES 218 CL PO
OUE 02/01/32
I
FINANCIAL TRUST CO INC
STATEMENT Puma.) February 1.2005
THROUGH February 28.2005
ACCOUNT NUMBER
TAXPAYER NUMER On File
LAST STATEMENT January 31,2005
021 CGDIDS:l 1:09 001 V872
CLEARED THROUGH ITS
?RIMY CAM,E0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
14 -
Transaction Detail (continued)
INVESTMENT ACTIVITY (continue)
SETTLEMENT
DATE
02/15105
TRADE
DATE TRANSACI1DN
12/30/04 BOUGHT
OESCRIPTION
FNMA-15YR(FNMA-15$1TD
limmis891.02.05 05.500%
7230000 BS
02/15105 12/16/04 CANCEL SELL FNMA-15YR(FNMA-15)GTO
tousSEIT.02/05 05.500%
7330000 BS
AS OF 12/16/04
TO CM. PREVIOUS SELL
02,1505 12:3004 CANCEL BUY FNMA-I SYR(FNMA-I 5)GTD
SETT.02/05
05.500%
7230000 BS
AS OF 12/30/04
TO C)3. PREVIOUS BUY
SYMBOL:CUSP OVANTITY
11.000.000
PRICE
102.97656
I.Sean $PCmiI e; C0
FINANCa TRUST CO INC
STATEMENT PER•oo February 1.2005
THROUGH February 28.2005
ACCOUVT NUMBER
TAXPAYER MaER OTl File
LAST STATEMENT January 31,2005
DEBIT AMOUNT
11,327.421 .88
GRECO' AAIDUNT
11.000,000 103.10938 11.342.031 .25
-11.000.000 102.97656 11.327,421 ,88
02/15/05 12/16+04 SOLD FNMA-15YR(FNMA. I SIGTO
SETT 02/05
05.500%
7330000 BS
-11,000.000 103.10938 11.342.031 ,25
02/15+05 02/11105 BOUGHT FEDERAL NATIONAL WO ASSN
SERIES 346 CLASS 1
111. 1057150000 BS
02/15/05 02/11105 BOUGHT FEDL HOME LOAN MTG CORPttS10109
SERIES 227 CLASS 10
05.000%
57140000 BS
5.310.807 83.34375 4.426.226.03
9.869.325
ACM, INT,
23.81250 2,350,133.23
19.190.36
02/15105 02/14/05 SOLD UNITED STATES TREASURY BONDS
05.375% FA 15
MATURITY
GVER REF tt G0451004 Al
-2.000.000 113.91797 2,278,359.38
021 CGDIDS:l 1:09 001 .872
CLEARED THROUGH ITS
WHOLLY ome0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
15 0
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION DEseg pno‘r SUM:CUSP CRANTITY PRICE DEBIT AMOUNT CREW Nan
02/15105 02/14105 SOLD UNITED STATES TREASURY NOTE .15,000.000 101,22266 15,183,398 .44
04.250% MN Is
. 0 MATURITY
ACCR, INT, 162,016.57
OVER REF # G0451016 A3
02/15+05 02/14105 BOUGHT UNITED STATES TREASURY NNE 5.000.000 99.57813 4.978.906.25
03.12S% JJ 31 ACCR. 6.474.46
0 MATURITY
GVER REF # G0451020 Al
02/15+05 02/14115 BOUGHT UNITED STATES TREASURY NOTE IIIIIII, 20.000.000 99.60156 19.920.312.50
03.12S% JJ 31
0 MATURITY
ACCR, 25.897.79
GVER REF # 00461008 Al
02/I &OS 02/14105 BOUGHT UNITED STATES TREASURY NOTE 50.000.000 99.60156 49.800.781 .25
03.125%.1J 31 ACCR, INT. 64.744.48
MATURITY
GVER REF # 00451008 BI
02/15105 02/14105 SOLD UNITED STATES TREASURY NOTE IIIIIIII -35.000.000 99.58594 34.85.5,078 .13
03.125% JJ 31
MATURITY
ACCR, INT, 45,321 .13
GVER REF # G0451012 Al
02/15105 PRINCIPAL FEDL HOME LOAN MTG ODAPPS02884 35.717.02
SEFUES 218 CL PO
DUE 02/01132
F'RIN RID 01-0S PAD 02-1S-OS
REPO P 8I 0.0000
02/15105 PRINCIPAL FEDL HOME LOAN MTG CORP#S02684 226.522.48
SERIES 218 CL PO
DUE 02/01/32
PAIN RID 01.05 Pin 02-1S-OS
REPO P 8I 0.0000
FINANCIAL TRUST CO INC
STATEMENT PERIOD February 1.2005
THROUGH February 28.2005
ACCOUNT NUMBER
TAXPAYER WAGER On Pile
LAST STATEMENT January 31.2005
027 OCUOLOSI 1:09 001 Y872
CLEARED THROUGH ITS
wilDtLY GLARED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
02/15105
TRADE
DATE TRANSACTOR
PRINCIPAL
DESCRIPTION
FEDERAL HOME LOAN MTG CORP
SERIES 2483 Q. SL
4.410 DUE 03/15/32
PRINCIPAL REDUCTN 02-1585
02/15405 PRINCIPAL FEDERAL /ME LOAN MTG CORP
SERIES 2530 CLASS SE
4.810 DUE 02/15/32
PRINCIPAL REDUCTN 02-1585
MOM CLOW
-308,611
Pam
FINANCIAL TRUST CO INC
STATEMENT PERK* February 1.2005
THROUGH February 28.2005
ACCOUNT NUMBER
TAXPAYER NUE93ER On PIM
LAST STATEMENT January 31.2005
DEIRT AMOUNT CRECir Anoxia
-342.355
0015/05 PRINCIPAL FEDERAL HOME LOAN MTG CORP
SERIES 2526 CLASS SI
4.410 DUE IY2+15/32
PRINCIPAL REDUCTN 02-1585
-146,854
02/16105 02/14105 SOLD FEDERAL NATIONAL MTG ASSN
STRIP MTG SERIES 322 CL PO
00.001%
57720000 BS
-3.576.277 86.12500 3.080.068.74
0016105 02/15105 BOUGHT UNITED STATES TREASURY BONDS
' 05.375% FA 15
0 MATURITY
OVER REF N 60461000 Al
10.000.000 113.59375
ACM INT.
11.359.375 .00
1.484.81
02,1685 0221505 SLID UNITED STATES TREASURY BONDS
05.375% FA 15
. 0 0 MATURITY
OVER REF # 60461014 Al
-10.000.000 113.80078
ACCR, INT.
11.380.078 .13
1.484.80
02/16105 02/15405 BOUGHT UNITED STATES TREASURY NOTE
04.250% MN 15
0 MATURITY
GVER REF N G0461008 A3
3.000.000 101.19922
ACM INT.
3.035.976.56
32.755.53
02/17+05 02/14+05 SOW FEDERAL HUE LOAN MIG CORP
SERIES 2483 CL SL
04.410%
56240000 BS
AS OF 02.E 14x05
-1.682.201 7,15625
ACCR, INT.
120.382.57
412.14
027 0101G5:11:09 001 van
CLEARED THROUGH ITS
WHOLLY omen SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
17 r!
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION DESCRIPTION STIADOECUSP GUMMY PRICE DENT AMOUNT own PAIDUN1
02/17105 02/14105 SOLD FEDERAL HOME LOAN MTO CORP -10,944,806 7.15625 783,237,68
SERIES 2483 Q. SL
04,410% ACCR, INT. 2.681,48
56230000 BS
AS OF 02/14105
02/17105 02/14105 SOLD FEDERAL HOME LOAN MTO CORP -10.944.807 9.40625 T.029.495,91
SERIES 2488 CLASS SO ACCR, INT. 3.289.52 05.520%
57330000 BS
02/17105 02/14105 SOW FEDERAL HONE LOAN MTG CORP INN -2.447.844 8.00000 95.827.54
SERIES 2530 CLASS SE
04,810% ACCR, INT, 654,12
56220000 BS
AS OF 02/14105
02/17105 02/14105 SOLD FEDERAL HOME LOAN WG CORP NMI -12.239.221 8.00000 979.137,72
SERIES 2530 CLASS SE
04,810%
56210000 BS
ACCR, INT, 3270,59
AS OF 0211405
02,T7,05 405 SOLD FEDERAL IONE LOAN MTO CORP -6.300.059 7.15625 490.847,99
SERIES 2526 CLASS SI
04,520% ACCR, INT, 1.543,52
57310000 BS
02/17105 JOURNAL FEDL HOME LOAN WC CORPHS10i09
SERIES 227 CLASS 10
5,000 DUE 12/01/34
02/16.05 02/17105 SOW UNITED STATES TREASURY BONDS -2.000.000 112,18359 2.243.671.88
05,375% FA 15
. MATURITY
ACCR, INT, 890.88
OVER REF it 00481004 Al
FINANCIAL TRUST CO INC
STATEMENT PERIOD February 1.2005
THROUGH February 28.2005
ACCOUNT NUMBER
TAXPAYER MAGER On Pile
LAST STATEMENT January 31.2005
027 03,01:05:11:09 001 .872
CLEARED THROUGH ITS
YAIOU.Y ome0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
18 0 0,
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION DEseg prioN SYMEIGGLISP 07ANTID Fma DEW AMOUNT CREW AMOUNT
02/18105 02/17105 SOLD UNITED STATES TREASURY MOTE .10,000.000 100.48438 10.048,437,50
04.260% MN IS ACCR. INT. 111,533.15
. 0 MATURITY
GVER REF # 00481014 Al
02/18105 02/17105 SOW UNITED STATES TREASURY NOTE -35.000.000 100.48614 35.170,147 ,95
04.250% MN IS
0 MATURITY
ACCR, INT, 390.366,02
GVER REF P G0481028 Al
02/18/05 02/17105 BOUGHT UNITED STATES TREASURY NOTE MIS 35.000.000 98.56250 34.496.875.00
04.000% FA 15 ACCR. 11,602.21
MATURITY
GVER REF # 00481022 Al
02/18105 02/17105 SOW UNITED STATES TREASURY NOTE AIM -5.000.000 98.51563 4.925.781.25
JJS 4.
0u
04.000% FA 15
MATURITY
ACCR. INT, 1.657.46
GVER REF # G0481033 Al
02/22/05 02/18105 SOLD UNITED STATES TREASURY BONDS -3.000.000 111.11328 3.333.398.44
05.375% FA 15
. 0 MATURITY
ACCR, INT, 3.118.09
GVER REF # 00491015 Al
02/22/05 02/18.'05 SOW UNITED STATES TREASURY NOTE -10,000.000 99.26563 9.926.562.50
03.000% JD 30
. 0 MATURITY
ACCR, INT, 43.922.65
GVER REF # G0491014 Al
02/23/05 02/22/05 BOUGHT UNITED STATES TREASURY NOTE 7.000,000 99.42969 6.960.078.13
03.125% N 31 ACCR, INT. 13.898A8
0 MATURITY
GVER RE? Is 00531007 Al
FINANCIAL TRUST CO INC
STATEMENT PERIOD February 1.2005
THROUGH February 28.2005
ACCOUNT NUMBER
TAXPAYER MAGER On Pile
LAST STATEMENT January 31.2005
027 OCTOLOSI 1:09 001 Y872
CLEARED THROUGH ITS
yasEtLY OUTGO SOSIDany
BUR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION DESORPTION STMEICILEUSP OVANTITY Pma DEBIT AMOUNT CREW Nap 4T
02/24105 02/23/05 SOLD UNITED STATES TREASURY NOTE -5.000.000 99.26172 4.963.085.94
03.000% JD
MATURITY
30 ACCR, INT, 22.790.05
GVER REF # 605/1021 Al
02/24105 02/23/05 BOUGHT UNITED STATES TREASURY NOTE 5.000.000 98.18359 4.909.179.69
04.000% FA 15 ACCR. INT. 4.972.37
MATURITY
GVER REF # G0541017 Al
02/24/05 02/23/05 SOW UNITED STATES TREASURY NOTE EMI -5.000.000 97.98438 4.899.218.75
04.000% FA
MATURITY
15 ACCR, INT, 4.972.38
GVER REF # G0541032 Al
02/25105 PRINCIPAL FEDERAL NOTIONAL MTG ASSN 95.853.00
STRIP MTG SERIES 322 CL PO
0401 DUE 03/01/32
PRINCIPAL PAYMENT 02-25-05
02/25/05 PRINCIPAL FEDERAL NOTIONAL MTG ASSN MIS 184.177.56
SERIES 329 CLASS PO
DUE 01/01/33
STRIP
PAIN RID 01.05 Pit) 02-25-05
REPO P 8I 0.0000
02/25105 PRINCIPAL FEDERAL NOTIONAL MTG ASSN 219.679.75
SERIES 329 CLASS PO
DUE 01/01/33
STRIP
PAIN RID 01-05 PAD 02-25-05
REPO P 8I 0.0000
02/25105 PRINCIPAL FEDERAL NOTIONAL MTG ASSN 263.615.70
SERIES 329 CLASS PO
DUE 01/01/33
STRIP
PAIN RID 01-05 PA:102-25-05
REPO P 8I 0.0000
I. SIean $PCmitkf EAR
FINANCa TRUST CO INC
STATEMENT PERGO February 1.2005
THROUGH February 28.2005
ACCOUNT NUMBER
TAXPAYER MAGER On File
LAST STATEMENT January 31.2005
02/ 0101005:11:09 001 .872
CLEARED THROUGH ITS
MOW, (AM,ED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
20 c?
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
0025/05
TRADE
DATE TRANSACTOR
PRINCIPAL
DESCRIPTION
FEDERAL NATIONAL MTO ASSN
SERIES 2003-49 CLASS SW
4,470 DUE 01/25/33
PRINCIPAL REDUCTN 02-25-05
02/28105 JOURNAL FEDERAL NATIONAL MTO ASSN
SERIES 346 CLASS 1
DUE 11/01/33
Gummy
-222,841
PRICE
/.Sean $PCmiI e; EAR
FINANCIAL TRUST CO INC
STATEMENT PERIOD February 1.2005
THROUGH February 28.2005
ACCOUNT NUMBER
TAXPAYER NUUSER On PIM
LAST STATEMENT January 31.2005
DEW AMOUNT CHEM MONO
-1
TOTAL $-403,120.067.73 8452,722,308.78
INTEREST
DATE OESCRPTION SYMEICIJCUSIP OVPAMTY RATE I% DENT AMOUNT MEDI AMOUNT
02/01105 AVG BAL 584.550 RT 1503 756.50
021 OFFICE INTEREST 0105
02/15105 FEDERAL HOME LOAN MTO CORP 4.4100 48.724,16
SERES 2483 CL SL
DUE 03/15/2032 4,410
INTEREST PAYMENT 02-15-05
02/15/05 FEDERAL HOME LOAN MTO CORP 5,4100 51.576,60
SERES 2488 CLASS SO
DUE 03/15/2032 5,410
INT RID 01-05 PA) 02-15-05
REPO P 8I 5,5200
0015105 FEDERAL NOME LOAN MTO CORP 4,8100 61.620,62
SERES 2530 CLASS SE
DUE 02/15/2032 4,810
INTEREST PAYMENT 02-15-05
02/15/05 FEDERAL 109ME LOAN MTO CORP 4,4100 24.283,37
SERES 2526 CLASS SI
DUE 02/15/2032 4,410
INTEREST PAYMENT 02-15-05
027 03,01G5:11:09 001 .872
CLEARED IHRCUGH ITS
wisCtLY CAM,E0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
INTEREST (continued)
FINANCIAL TRUST CO INC
STATEMENT PERIOD February 1.2005
THROUGH February 28.2005
ACCOUNT NUMBER
TAXPAYER MASSER On PIM
LAST STATEMENT January 31.2005
DATE OESCRenON STIABOLCuSiP cc$NTIW RATE lid DEBIT AMOUNT CREW AMOUNT
02/1&05 UNITED STATES TREASURY BONDS 5.3750 268,750.00
DUE 02115/2031 5.375
INT RID 02-05 ND 02-15-05
02/22/05 GOVERNMENT NATIONAL WO ASSN 4.4500 15,845.33
SERES 2004-5 CLASS PS
DUE 02/20/2033 4.450
INT RID 01.05 PA) 02-20-05
REPO P S I 4.4500
02/22/05 GOVERNMENT NATIONAL WO ASSN 4.4500 81,954.17
SERES 2004-5 CUSS PS
DUE 02/20/2033 4.450
INT RID 01-05 PA) 02-20-05
REPO P S I 4.4500
02/23/05 GOVERNMENT NATIONAL MTO ASSN 4,4500 65.266,67
SERES 2004-5 CLASS PS
DUE 02/20/2033 4.450
RITA CA INT FOR 2/20/2005
PD
02/25/05 FANNIE MAE CMO/SERIES 2003.13 6.4700 124.771.86
S RCA-40 RTR
DUE 03/25/2033 5.470
INT RID 01-05 ND 02-25-05
REPO P d I 5.4700
02/25/05 FEDERAL NATIONAL WO ASSN 4.4700 51.372.14
SERES 2003-49 CLASS SW
DUE 01/25/2033 4.470
INTEREST PAYMENT 02-25-05
02/25/05 FEDERAL NATIONAL MTO ASSN 5.0000 120.60640
SERES 353 CLASS 2
DUE 07/01/2034 5.000
INT RID 01-05 PA) 02-25-05
REPO P & I 5.0000
027 0101GS:11:09 001 van
CLEARED THROUGH ITS
WHOLLY OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
22 0
Transaction Detail (continued)
INTEREST (continued)
DATE DESCRIPTION
02/25105 FEDERAL NATIONAL MTO ASSN
SERES 353 CLASS 2
DUE 07/01/2034 5.000
INT ND 01-05 PM 02-25-05
REPO P 8I 5.0000
TOTAL 51,058,398.85
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS
with Bear,Stearns& Co. Inc.
SETTLEMENT TRADE
DATE DATE TRANSACTION DESORPTION SVMBCLCUSIP 0.:ANT1T1 DEBIT AMOUNT CREDIT M.IOUNT
02/01105 RECEIVED UNITED STATES TREASURY NOTE 15.000.000 15.000.000.00
DUE 01/31/2007 3.125
3,125 7
FITM Al
RESALE
02404/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN 17.600.000
SERIES 2004-5 CLASS PS
4,4
FITM50 3.11 312
TERM MENT
02/04105 JOURNAL GOVERNMENT NATIONAL MM ASSN -17.600.000
SERIES 2004-5 CLASS PS
4,450 DU
FITMARGN Al
REPO AGR
0204x05 RECEIVED UNITED STATES TREASURY NOTE 25.030.000 25.000.000.00
DUE 011312007 3.125
3 125 7
FITM Al
RES
ALE
0207/05 JOURNAL FEDERAL HOME LOAN MTO CORP NEM Ilk 304
SERIES 2488 CLASS SO
SY/ABOLCUS,P
FINANCIAL TRUST CO INC
STATEMENT PERK* February 1.2005
THROUGH February 28.2005
ACCOUNT NUMBER
TAXPAYER WESER NAM
LAST STATEMENT January 31.2005
MAMMY RATE IF! DEBIT AMOUNT CREDIT AMOUNT
5.0000 140,707.93
5,520 2
FITM Al
REPO A
027 OCUOTOS:l 1:09 001
CLEARED THROUGH ITS
YAIOU.Y OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
23 0 H,
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRANSACDON DESCRSMON
02/07/06 JOURNAL FEDERAL HOME LOAN MTG CORP
SERIES 2488 CLASS SO
58203.7
RIM ‘ A2
TERM ENT
02407/05 JOURNAL FANNIE MAE CMOSERIES 2003.13
S RCR-I/0 FLTR
FITM Al
REPO A
02/07105 JOURNAL DIVED STATES TREASURY NOTE
ATM Am A2 4.250 , 14
TERM REPO AGREEMENT
02/07/05 JOURNAL UNITED TATES TREASURY NOTE
ATM Al
4.250 14
REPO AGREEMENT
SYMeadttRIP WARM DEBIT AMOUNT
11..,304 849.000.00
FINANCIAL TRUST CO INC
STATEMENT PER•00 February 1.2005
THROUGH February 28.2005
ACCOUNT NUMBER
TAXPAYER NumeER On He
LAST STATEMENT January 31.2005
CREDIT AMOUNT
-27.372.255
31.000.000 31.465.000.00
-52.000.000 53.1 05.000.00
02/07/05 RECEIVED UNITED STATES TREASURY NOTE 160.000.000 160.000.000.00
DUE 12/31/2006 3.000
FITM 1.111
RESALE
02'07/05 DELIVERED UNITED STATES TREASURY NOTE
DUE 12/31/2006 3.000
FITM RW2 m
TERM ENT
-176.000.000 176.220.000.00
02/07/05 JOURNAL UNITED SURY NOTE
FITM A2
8625 10
TERM REPO AGREEMENT
20.000.000 19.925.000 .00
02/07105 RECEIVED UNITED STATES TREASURY NOTE
DUE 01/31/2007 3.125
3,125 I lk
FITM M B
RESALE T
5.000.000 4.999.999 89
027 COVIDS:l 1:09 001 .872
CLEARED THROUGH ITS
MIDIS? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
24 ci ))
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TIMISACRON DESORPTION STMEICCCUSIP OWArrny OMIT AMOUNT CREDIT AMOUNT
02/07/05 DELIVERED UNITED STATES TREASURY NOTE -15,000,000 15.000.000.00
DUE 01/31/2007 3.125
FITM A2
3.125 R E7DA
TERM ENT
02/07105 DEUVERED UNITED STATES TREASURY NOTE -25,000.000 25.000.00003
DUE 0191/2007 3.125
FITM A2
3.125 Rillf7
TERM EIAENT
02/07105 RECEIVED UMW STATES TREASURY NOTE 50.000.000 49.999.999.99
DUE 0191/2007 3.125
3.125 CIMK7
FITM A1A
RESALE T
02/07105 INTEREST FEDERAL HOME LOAN MTO CORP Milli 657.97
SERIES 2488 CLASS SO
DUE 03:11. 6.520
ATM 102
REPO I
02/07105 INTEREST UNITED STATES TREASURY NOTE MIN 12.192,69
DUE 11J  4250
FRM A2
REPO I
02/07105 INTEREST UNITED STATES TREASURY NOTE 64,271,35
DUE ISO 1.000
02/07/05 INTEREST UNITED STATES TREASURY NOTE 7.372.25
DUE ON. 3.625
ATM A2
REPO I
02/07/05 INTEREST WEED STATES TREASURY NOTE
DUE cote  1,125 3,229.17
FINANCIAL TRUST CO INC
STATEMENT PERK* February 1.2005
THROUGH February 28.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On PIM
LAST STATEMENT January 31.2005
027 MOLDS:T1:09 001 '.872
CLEARED THROUGH ITS
IMPLY OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
25 0
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SEMEMDE TRADE
DATE DATE TRANSACTION DESERPRON SYMeCtoCUSIP OULMITY DEBIT AMOUNT CREDIT AMOUNT
02/07/05 INTEREST UNTIED STATES TREASURY NOTE 4,604.17
DUE 01/=.00.7_"II  _3.125
NM 02/09105 JOURNAL GOVERNMENT NATIONAL NM ASSN -4.300.000
SERIES 2004.5 CLASS PS
4,450
FITM AI
REPO A
02/09105 JOURNAL GOVERNMENT NATIONAL NIG ASSN MEM 4.300.000 500,000,00
SERIES 2004-5 CLASS PS
4,450 •
FITM A2
TERM AAENT
02/09105 INTEREST GOVERNMENT NATIONAL NM ASSN MIN 465.00
SERIES 2004-5 CLASS PS
DUE 4,450
ATM A2
REPO I
02/10105 JOURNAL FEDERAL NATIONAL MIG ASSN 111111 11,214.184 8,409.000 .00
SERIES 329 CLASS PO
DUE 01101/33
STRIP
TERRARM RIIIIM AZENT
0210,05 JOURNAL FEDERAL NATIONAL MTO ASSN -11,214.184 8.514.003.00
SERIES 329 CLASS PO
DUE 01101/33
STRIP
ATM Al
REPO
AMIE.
02 10:05 JOURNAL FEDERAL NATIONAL MTO ASSN -5.063.863 3.784.000 00
SERIES 352 CLASS 1
FINANCIAL TRUST CO INC
STATEMENT RER•00 February 1.2005
THROUGH February 28.2005
ACCOUNT NUMBER
TAXPAYER NUMBER OR PIM
LAST STATEMENT January 31.2005
0,001
RIM AT
REPO A
027 03,0L05:11:09 001 VE172
CLEARED THROUGH ITS
MIPS? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
26 0
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
FINANCIAL TRUST CO INC
STATEMENT Puce February 1.2005
THROUGH February 28.2005
ACCOUNT NUMBER
TAXPAYER NumeEn ON FIk
LAST STATEMENT January 31.2005
SETTLEMENT TRADE
DATE DATE TRANSACTION DESCnincti SymeCtictive OVAARITT Oen ;wow CREDIT AMOUNT
02.110/05 JOURNAL UNITED STATES TREASURY BONDS
ATM ligi t Al -10.000000 11.762.500.00
5.375
REPO AGREEMENT
02/10/06 INTEREST FEDERAL NATIONAL MTG ASSN SIM 6.046.90
SERIES 329 CLASS PO
STRIP
DUE Ojai. 0.000
FITM A2
REPO I
02/11,05 JOURNAL UNITED STATES TREASURY NOTE IMO 52.000.000 53.105.000.00
ATM Hui A2
0.250 , 14
TERM REPO AGREEMENT
02/11106 JOURNAL UNITED TATES TREASURY NOTE SIM -57.000.000 58.140.000 .00
FITM Al
0.260 10
REPO AGREEMENT
02/11105 JOURNAL FEDL HOME LOAN MTG CORPNS02680 1.532.264 1,199,000.00
SERIES 218 CL PO
DUE 0
ATM 30,A2 TERM ENT
02/11105 JOURNAL FEDL HOME LOAN MTG OCAPNS02684 9.717,841 7.600.000.00
SERIES 218 CI. PO
DUE 0
FITM 3011 0 A2
TERM ENT
02/11/05 INTEREST UNITED STATES TREASURY NOTE 11.181.66
DUE Ile 4.250
FITM A2
REPO I
02/11/06 INTEREST FEDL HOME LOAN 14113 OCAPNS02680 I .300.92
SERIES 218 CI. PO
DUE 0 0.000
ATM A2
REPO I
027 030IDS:l 1:09 001 V872
CLEARED THRouGH ITS
yniCtLY OmE0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMETO TRADE
DATE DATE TRANSACTION DESORPTION
02/11105 INTEREST FEDL NOME LOAN MTG OCAPPS02684
SERIES 218 CL PO
DUE 07 . 0.000
ATM A2
REPO I
02/14105 JOURNAL FEDERAL NATIONAL MTG ASSN
SERIES 346 CLASS 1
DUE 'Ti lt,.
ATM Al
REPO
02/14105 JOURNAL FEDL NNE LOAN MI6 OORPteS10109
SERIES 227 CLASS ID
5.000 1.r4
FITM Al
REPO A
02/I 4105 DELIVERED UNITED STATES TREASURY NOTE
DUE 12/31/2006 3.000
3.000
FITM MirA2
TERM EMENT
02/I 4105 RECEIVED UNITED STATES TREASURY NOTE
DUE 12/31/2006 3.000
3.000
FITM AI
RESALE T
02/14,05 INTEREST UNITED STATES TREASURY NOTE
DUE 12/3=13ry 3.1:100
Mir 02/15105 JOURNAL FEDERAL HOME LOAN MTG CORP
SERIES 2488 CLASS SO
5.410)00132
FITM A2
TERM MENT
FINANCIAL TRUST CO INC
STATEMENT PERK* February 1.2005
THROUGH February 28.2005
AccouNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT January 31.2005
STMEKCCUSIP GUMMY OMIT AMOUNT CREDIT AMOUNT
-5.310.807
13.110.00
3.963.000.00
NM. -9.869.325 2.156.000.00
NMI -160.000.000 160.000.000.00
185.000.000 185.000.000.00
67,066,67
10,944.807
027 010L05:11:09 001 van
CLEARED THROUGH ITS
YAIOU.Y 0015E0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
28 cl 33
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRANSAMON DESORPTION
02/15105 JOURNAL FEDERAL HOME LOAN MTO CORP
SERIES 2488 CLASS SO
5.410 /
HIM Al
REPO
02/I 5105 JOURNAL FEDERAL NATIONAL MTO ASSN
SERIES 346 CLASS
DUE 11Aiii r
FITM Al
REPO
02/16'05 JOURNAL FEDL HOME LOAN MIG CORIANSIOi09
SERIES 227 CLASS 10
5.000 11.4
FIRM Al
REPO A
0215105 JOURNAL 104TE0 STATES TREASURY BONDS
FIRM Al
5.375
REPO AGREEMENT
02/15105 JOURNAL LINTER ATE TREASURY 80NDS
FIRM A2
5.375 1
TERM REPO AGREEMENT
SYklifiCtiCtdie
FINANCIAL TRUST CO INC
STATEMENT PERIOD February 1.2005
THROUGH February 28.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT January 31.2005
°Herrin DEBIT AMOUNT CREDIT AMOUNT
-10,944807 310000.00
-5.310.807 3.972.000 .00
-9.869.325 2.125.000.00
-8.000.000 9.087.000.00
10.000.000 11.762.500 AO
02/15105 JOURNAL UNITED TATES 1 SURY NOTE
FIRM Al
4.250 14
REPO AGREEMENT
-42.000.000 42.840.000.00
02/15105 JOURNAL LIMTEO SIAJESJREASURY NOTE
FITM 42
4.250 14
TERM REPO AGREEMENT
57,000.000 58.140.003.03
02/15105 DELIVERED LINiTE0 STATES TREASURY NOTE
DUE 01/31/2007 3.125
3.125.. 7
FIRM A2B
TERM EEMENT
-5.000.000 4.999.999 .99
027 0201,05:11:09 001 V872
CLEARED THROUGH ITS
MIPS? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
29 0
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRANSACTION DESORPTION SYMOCloCUSIP PANTRY DEBIT AMOUNT CREDIT AMOUNT
02/15105 RECEIVED UNITED STATES TREASURY NOTE 15.000.000 15.075.000 .00
DUE 01131/2007 3.125
3,125 FITM
FITM A3 RERSi F T
02115+05 DEUVERED UNITED STATES TREASURY NOTE -50.000.000 49.999.999.99
DUE 01131/2007 3.125
FITM A2A
3.125soi r
TERM EMENT
02/15/05 INTEREST UNITED STATES TREASURY BONDS 3.777.07
DUE OZila 5.375
FITM A2
REPO I
02/15105 INTEREST UNITED STATES TREASURY NOTE 1111111 13,436,80
DUE 4250
FITM A2
REPO I
02/15/05 INTEREST UNTIED STATES TREASURY NOTE 1,569.44
DUE 01!  3.125
FITM A26
RESALE
02/15/05 INTEREST UNTIED STATES TREASURY NOTE 15,694,44
DUE Ole 3.125
FITM A2A
RESALE
02/16/05 JOURNAL FEDERAL HOME LOAN MTO CORP 10.944.807 310,000,00
SERIES 2488 CLASS SO
5,410
FITM 30.2
TERM ENT
02/16!05 JOURNAL FEDERAL HOME LOAN MTO CORP -10.944.807 310,000,00
SERIES 2488 CLASS SO
FINANCIAL TRUST CO INC
STATEMENT PERK* February 1.2005
THROUGH February 28.2005
ACCOUNT NUMBER
TAXPAYER NumeER OR He
LAST STATEMENT January 31.2005
5.410
FITM 31.3
TERM ENT
027 03,0IDS:l 1:09 001 V872
CLEARED THROUGH ITS
MOST ORBED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
30 0
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SEMENENT TRADE
DATE DATE TRANSACDON DESORPTION SYMEICAGUSIP OUNNTITT DEBIT AMOUNT CREDIT AMOUNT
02/16(05 JOURNAL GOVERNMENT NATIONAL MTO ASSN 22.100.000 2.601.000.00
SERIES 2004-5 CLASS PS
4.450
FILM Fi lmes TERM ENT
02/16/05 JOURNAL GOVERNMENT NATIONAL MTO ASSN -22.100.000 2.601.000.00
SERIES 2004-5 CLASS PS
4.450
EOM 31.16
TERM ENT
02/16'05 JOURNAL FEDL HOME LOAN MTG CCAPeS10i09 MIK -13.817.056
SERIES 227 CLASS
FSITMMN AWAI
REPO
02/1695 JOURNAL FEDL NOME LOAN MTO CORP#S10109 -5.921.595 1.285.000.00
SERIES 227 CLASS 10
FSITMXIN  laAI
REPO
02/1695 JOURNAL FEDL NOME LOAN MTG CORPoSi wog MIK 9.869.325 2,125,000.00
SERIES 227 CLASS 10
FS.000ITM F rA2
TERM MENT
02/16.05 JOURNAL FEDL NOME LOAN MI6 OCAPeS10109 9.869,325 2,156,000.00
SERIES 227 CLASS 10
FSITMMN R rA2
TERM MENT
02/16435 JOURNAL MATEO STATES TREASURY NOTE
ATM A2 MIK 42.000.000 42.840.000.00
4.250 14
(rip TERM REPO AGREEMENT
02/16/05 JOURNAL LIMTE0 TALES TREASURY NOTE INK -45.000.000 45.900.000 .00
FILM Al
FINANCIAL TRUST CO INC
STATEMENT PERK* February 1.2005
THROUGH February 28.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On Pile
LAST STATEMENT January 31.2005
4.250 14
REPO AGREEMENT
027 0101:05:11:09 001 van
CLEARED THROUGH ITS
WHOLLY OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
31 cl ))
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SEMEMENT TRADE
DATE DATE TRANSACDON DESORPTION SYMEMICUSIP DUAARITY DEBIT AMOUNT CREDIT AMOUNT
02/16/05 INTEREST FEDERAL HOME LOAN MTO CORP
SERIES 2488 CLASS SO
DUE 03! 5,410
FITM 012
24.03
REPO I
02/16(06 INTEREST FEDERAL HOME LOAN MTO CORP 24.03
SERIES 2488 CLASS SO
DUE 03!  6.410
FIN A3
REPO I
02/16)05 INTEREST GOVERNMENT NATIONAL KIM ASSN EMI 7.025.69
SERIES 2004-S CLASS PS
DUE 02:1101 4.460
FIN AS
REPO I
02/16)05 INTEREST GOVERNMENT NATIONAL MI13 ASSN 7.025.69
SERIES 2004-S CLASS PS
DUE 02/1101 4.450
FITM A6
REPO I
02/16)05 INTEREST FEDL HOME LOAN MTG CORPFES10t09 164.69
SERIES 227 CLASS 10
DUE I 6.000
FIN A2
all
REPO I
02/16)0S INTEREST FEDL HOME LOAN MTG CORN/Mine MIS 334.18
SERIES 227 CLASS 10
DUE I 5.000
FITM A2
IREPO
wo
02/16435 INTEREST UNITED STATES TREASURY NOTE SIM 261.80
FINANCIAL TRUST CO INC
STATEMENT PER•00 February 1.2005
THROUGH February 28.2005
ACCOUNT NUMBER
TAXPAYER NUMBER ON FIk
LAST STATEMENT January 31.2005
DUE I 1;40 4.260
FITM A2
REPO I
027 0101G5:11:09 001 van
CLEARED THROUGH ITS
YAICU.Y OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
32 0
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SEnLEmENT Ma
DATE DATE TRANSACTION DESCRPRON ME/MCl/SIP "m DEBIT AMOUNT CREDIT AMOUNT
02/17/05 JOURNAL FEDL HOME LOAN MTG CORP8S10109 -5.921,595I1Y
SERIES 227 CLASS 10
FSITMMN AllirAl
REPO
02/17105 JOURNAL FEDL HOME LOAN MTG CORP8S10109 5.921,595 1.285.000.00
SERIES 227 CLASS 0
5.000
FITM Fitle2
TERM ENT
02/17105 JOURNAL FEDERAL HOME LOAN MTO CORP 10,944.807 310,000.00
SERIES 2488 CLASS SO
5.410 2
FITM A4
TERM ENT
02/17+05 INTEREST FEDL HOME LOAN MTG OCAPPS10109 NMI 99.59
SERIES 227 CLASS 10
DUE IWO 5.000
ATM A2
REPO I
02/17,05 INTEREST FEDERAL HOME LOAN MTO CORP 48.05
SERIES 2488 CLASS SO
DUE 031ll 5.410
RIM A4
REPO I
02/18105 JOURNAL UNITED STATES TREASURY BONDS
ATM jimAl -6.000.000 6,712,500.00
5.375 1
REPO AGREEMENT
02/18105 JOURNAL LIMTED TATS I SURY BONDS 8.000,000 9,087,000.00
ATM A2
5.375 1
TERM REPO AGREEMENT
02 18 05 JOURNAL UNITED SWAY NOTE 45,000.000 45.900.000.00
ATM A2
FINANCIAL TRUST CO INC
STATEMENT PEF000 February 1.2005
THROUGH February 28.2005
ACCOUNT NUMBER
TAXPAYER NUMBER OR He
LAST STATEMENT January 31.2005
4.250 14
TERM REPO AGREEMENT
027 03,01,05:1 1:09 001 V872
CLEARED THROUGH ITS
MIMI? OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
33 ci ).
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
scnumeil Tux
DAN DATE TV0C3ACSON DESORPTION SYMEICESCUSIP OIJANTIlY OMIT ;wow CREDIT AMOUNT
02/18/05 JOURNAL MTN) STATES TREASURY NOTE -30.000.000 29.475.000 AO
FITM Hip Al
4.000 15
REPO AGREEMENT
02/18/05 INTEREST UNiTE0 STATES TREASURY BONDS 1.807.30
DUE ODA, 5.375
FITM A2
REPO I
02/18/05 INTEREST utaTE0 STATES TREASURY NOTE 3.060.00
DUE 11/111 4.250
FITM A2
REPO I
02/22/05 JOURNAL DICED ASURY BONDS
mu Al
-3.000.000 3,322.500 .00
5.375 31
REPO  AGREEMENT
02/22/05 JOURNAL UMTE0 ASuRY ECK'S 6.000.000 6,712,500.00
FITM A2
5.375 31
TERM REPO AGREEMENT
02/22/05 DELIVERED UNITED STATES TREASURY NOTE -185.000.000 185.000.000.00
DUE 12/31/2006 3.000
3.000
FISH Rililarr
ENT TERM
m
02/22/05 RECEIVED UNITED STATES TREASURY NOTE EMI 195.000.000 194.756.250.00
DUE 12/31/2006 MOO
3.000 WIC6
FITM Al
RESALE T
02/22/05 INTEREST OWED STATES TREASURY BONDS 1.790.00
FINANCIAL TRUST CO INC
STATEMENT PERIOD February 1.2005
THROUGH February 28.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT January 31.2005
DUE 02/ 5.375
DUMB A5
REPO I
027 03,01G5:11:09 001 Y872
CLEARED THROUGH ITS
ValCtLY OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
34 O
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SEGLEMENT
DATE
02/22/05
TRADE
DATE TRANSACTION
INTEREST
DESERTION
UMTEO STATES TREASURY NOTE
DUE 12/31200E_III . ._3.000
IS
02/23/05 RECEIVED LIMTEO STATES TREASURY NOTE
DUE 01/31:2007 3.125
3.125 1.1)7
FILM Al
RESALE T
02/23/05 DELIVERED LINTS) STATES TREASURY NOTE
DUE 01/31/2007 3.125
3.1251.1r Em
FILM A4
TERM ENT
02/23105 INTEREST UNITED STATES TREASURY NOTE
DUE 01/S 3.125
FILM A4
RESALE
SYMEIELGUSIP OUNGITY 003n ;wow
FINANCIAL TRUST CO INC
STATEMENT PERIOD PEtruilly 1.2006
THROUGH FeoluNy 28.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On Pile
LAST STATEMENT January 31.2005
CREDIT AMOUNT
84.740,28
8.000.000 7,990,000.00
-15.000.000 16.075.000 .00
3.400.25
02/24/05 DELIVERED UNITED STATES TREASURY NOTE
DUE 12/31/2006 3.000
3.000
FILM RIMIC2 m
TERM ENT
-195,000,000 194.758.250.00
02/24105 RECEIVED UNITED STATES TREASURY NOTE
DUE 12/31/2006 3.000
3.000 FILM
elkittl
RESALE
200,000,000 200.000.000.00
02/24105 INTEREST LIMITED STATES TREASURY NOTE
DUE ISO 1.000
23,370.75
02/25/05 JOURNAL FEDERAL NATIONAL MI6 ASSN
SERIES 346 CLASS 1
DUE 1110.
FILM Al
REPO
-3.929.997
027 0201005:11:09 001 Y1172
CLEARED THROUGH ITS
YiDIMLY OMED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
35 0
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE DIANSACRON DESCRFRON RIME/MCl/SIP CUANTITY DEBIT AMOUNT CREDIT AMOUNT
02/2905 JOURNAL FEDERAL NATIONAL KIM ASSN -1.380.809 1.000.000.00
SERIES 346 CLASS 1
DUE 11
ATM Al
REPO
02/25/05 JOURNAL FEDERAL NATIONAL MTO ASSN 5.310807 3.963.000.00
SERIES 346 CLASS 1
ATM A2
DUE I TRIS
TERM MENT
02/25105 INTEREST FEDERAL NATIONAL MI6 ASSN 3136FCBC9 3.378.46
SERIES 346 CLASS 1
DUE I Jill MOO
ATM A2
REPO I
02/28105 JOURNAL FEDERAL NATIONAL KIM ASSN NMI 3.929,997
SERIES 346 CLASS 1
ATM A2
DUE I Ja i
TERM MENT
02/28105 JOURNAL FEDERAL NATIONAL MM ASSN -3239.592
SERIES 346 CLASS 1
DUE 11
NM  Al
REPO A
02/28/05 JOURNAL FEDERAL NATIONAL KIM ASSN -690.404 500 000.00
SERIES 346 CLASS 1
DUE 11
NM Al
REPO
02/28105 JOURNAL FEDERAL NATIONAL MTO ASSN -13,375,837 9.696.000.00
SERIES 329 CLASS PO
DUE 01101/33
STRIP
FINANCIAL TRUST CO INC
STATEMENT PERK* February 1.2005
THROUGH February 28.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT January 31.2005
ATM Al
REPO
027 03,0L05:11:09 001 VE172
CLEARED THROUGH ITS
ValCtLY EMBED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
FINANCIAL TRUST CO INC
STATEMENT PERIOD February 1.2005
THROUGH February 28.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On Pile
LAST STATEMENT January 31.2005
SEMEMENT TRADE
DATE DATE TFMNSACRON DESCRPRON SYMBCOJCUSIP "m DEBIT AMOUNT CREDIT AMOUNT
02/28/05 JOURNAL FEDERAL NATIONAL WO ASSN 13.375,83711Y 10.014,000 .00
SERIES 329 CLASS PO
DUE 01101/33
STRIP
TERRARM RIIIIIM AZENT
02/28/05 INTEREST FEDERAL NATIONAL MTO ASSN 3136FAWE6 24 058,64
SERIES 329 CLASS PO
STRIP
DUE Mill 0,000
FITM A2
REPO I
TOTAL S-1.178.191243.46 91.126.885.746.12
MISCELLANEOUS
DATE
ma OAT TROMSACTESAI
02/09105 JOURNAL
DESCRIPTION
04 TREASURY REBATE ARM
DENT AMOUNT CREPT NACLA1
30.973,04
02/09105 JOURNAL FNAAA-30YR(FNAAMOTO
SETL02/05
5500 DUE 02101/35
ABS NET 02/09/05
76.953,13
02/10/05 JOURNAL FNMA-30YR(FNMA)OTO 5.078,12
SETL02/05
5,000 DUE 02101/34
MBS NET 02/10/05
02/10,05 JOURNAL FNMA 30YR GM 35.937.50
SETT, 02/05
6,000 DUE 02101/35
MBS NET 02/10/05
02/14/05 JOURNAL JAN OS SPEC CLEARING FEES 2.300.00
027 OCTOLOST 1:09 001 Yen
CLEARED THROUGH ITS
WHOU.Y onneo SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
37 0
Transaction Detail (continued)
MISCELLANEOUS (continued)
DATE
MOAT TITMISACTOI DESCRIPTION DEBIT AMCW41 MAT AAIDUNT
02/15105 JOURNAL FNMA SYR(FNMA-I 5)07D 14,609.37
SETT.02/05
5.500 DUE 02101/20
TABS NET 02/15/05
TOTAL 4-79.253.13 $86.544.43
Trades Executed Pending Settlement
FINANCIAL TRUST CO INC
STATEMENT PERIOD February 1.2005
THROUGH February 28.2005
ACCCUNT NUMBER
TAXPAYER AMBER On PIM
LAST STATEMENT January 31.2005
SETTLEMENT
DATE TRADE DATE "RAUSACTKIN CESCP pi3O% SYMBOLCUSP WWII" PIECE DENT AMOUNT CREDO AMOUNT
03101/05 02/28/05 SOLD UNITED STATES TREASURY BONDS -3.000.000,00 109,7226 3,297.915,88
05.375% FA 15
MA RITY
OVER REF # G659%0711
03/1 4/05 02/0995 BOUGHT FNMA 30YR. GTD 20.000.000.00 101.8242 20.364.843.75
SETT, 03,05
F 05.500%
57310000 BS
eatiates 02/17/05 BOUGHT FNMA 30YR. GTD 15.000.000.00 101.5585 15,233.789.06
SETT 03,05
F 05.500%
57360003 BS
03/1 0/05 02/0345 SOLD FNMA 30YR. GTD -10.000.000,00 101.5156 10.151,562 ,50
SETT, 03,05
- 05.500%
57710000 BS
027 0101,05:11:09 001 'e872
CLEARED 1HROuGH ITS
YAIOU.Y ORB.G0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
38 c?
Trades Executed Pending Settlement (continued)
SETREMENT
DATE
TRADE
DATE TRANSACTION
03/14105 02/10105 SOLD
03/I 4105 02/03105 BOUGHT
03/14/05 02/17105 BOUGHT
03/14105 02/10105 SOLD
03/14105 02/03105 BOUGHT
03/14105 02/09105 SOLD
DESCRIPTION
FNMA 301/1.010
SETT, 03105
pi psi 05.500%
57610000 BS
FNMA-30YR(FNMA)G1D
SETT.03/05
11011.1106,000%
57750000 BS
FNMA-30YR1FNMA)G1D
SETT.03/05
/11001005,000%
57300000 BS
FNMA 301RtFNMAIGID
SETT, 03 os imam osmen.
57670000 BS
FNMA 301F8FNMA) 010
SETT 03105
06,000%
57730000 BS
FNMA 9DYR1FNMA) 010
SETT 03105
06800%
57340000 BS
TOTAL
The chore Peons 4o nol apps in airy olhc. eaten o1 this slairntet
FINANCIAL TRUST CO INC
STATEMENT PERIOD February 1.2005
THROUGH February 28.2005
ACCOUNT NUMBER
TAXPAYER MAGER On File
LAST STATEMENT January 31.2005
SYMEIOLCUSP OJANTIP PRCE DEOIT AMOUNT CREPT AMOUNT
-10.000.000,00 101,6718 10,167.187 .50
10.000.000,00 99,4375 9.943.750 80
10.000.000,00 9%5429 9.954.296,88
-10.000.000,00 99,7382 9.973.828,13
20.000.000,00 103,0156 20803,125,00
-20.000.000.00 103,1875 20.637.500 80
378.099.804.89 554,227,994.01
027 0:110I105:11:09 001 9872
CLEARED THROUGH ITS
WHOU.Y omeo SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
ACCOUNT EXECUTIVE GNMA GOVT BOND
VISIT OUR WEBSITE wswi.bearsteams.cOm
What's In This Statement
Financial Summary
Your Portfolio Holdings
Transaction Detail
Trades Not Yet Settled
Your Portfolio at a Glance
11111111111111111 I I
3 FINANCIAL TRUST CO INC
4 0/0 JEFFREY EPSTEIN
7 6100 RED HOOK QUARTER
26 STE B3
ST THOMAS VI 00802
TOTAL VAWE OF SECURITIES THIS PERIOD 10,656,868
LONG ACCRUED INTEREST 107,032
NET CREDIT BALANCE 976,344
Market Value of Your Portfolio
Cash 8 Equwalent $976344
5732.186
NET EQUITY THIS PERIOD $11,740,244
NET EOUITY LAST STATEMENT 12,063,068
CHANGE SINCE LAST STATEMENT -322,824
There are no 'Stop Loss' orders or other pending buy
or sell open orders on file for your account.
Ned
Income
10.656.868
I $11.218594
Current market yak*
egm Last statements market value
FINANCIAL TRUST CO INC
STATEMENT PERIOD January 1.2005
THROUGH January 31.2035
ACCMIST NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT December 31.2004
SIK TRY Tying a  TIOTHIMAND pwpons MESS rc4 "Eroded as a U. ex mliste
TNT ststerneC should be Maned for your records Su worm THIT for greaten rdormalpn
027 0201GS:07:16 001 vary
CLEARED 'THROUGH RS
WHOLLY OBAED SUBSIDIARY
FINANCIAL TRUST CO INC
2 oi 27
STATEMENT BACKER IS PRINTED ON THIS PAGE
027 02,01,05:07$5 001 V870
CLEARED THROUGH ITS
WHOU.Y OWNED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
3 c. 2?
Cash Flow Analysis
THIS PERSTO
Income Summary MS PEWS YEAR TO DATE
Opening Balance $732,186.31 U.S. Govt. Bond Int. 285.117.41 285,117.41
Govt. Agency Int. 655,330.03 655,330.03
Securities Sold 1,327,851,391.84 Corp. Bond Int. 130.177A4 130,177.44
Dividends/Interest 1,070,624.88 Reverse Repurchase Int. 235.427.49 235.427.49
Miscellaneous 4,687.50
Total $1,306,052.37 $1.306.052.37
Amount Credited $1.328.926,704.22 Bond Purchase Int. -589.389.51 -589,389.51
Securities Bought -1,327,991,635.74 Repurchase Int. Exp. -118.021.37 -118,021.37
Funds Withdrawn -72.724.00
Dividends/Interest Charged -589.389.51
Miscellaneous -28.796.88 Portfolio Composition
Amount Debited $-1.328.682,546.13 CashCash Equivalent 976.344
Fixed Income 10.656.868
Net Cash Activity 244.158.09
Closing Balance $976,344.40 Total $11.6331.
Cash Balance Summary
WINN° CLOSNO
Margin 732,186.31 976,344.40
Net Cash Balance $732.186.31 $976,344.40
027 02,01 ,05:07:55 001
FINANCIAL TRUST CO INC
STATEMENT PERK* January 1.2005
THROUGH January 31. 2005
ACCOUNT NUMBER
TAXPAYER nusii3ER On FIk
LAST STATEMENT December 31.2000
Your Portfolio
Allocation
Cash & Equivalent,
8%
Uetivaed conees 0en,* debt bebnce ender seal
male vela, Ma slocatich reverter is de•ved
ewe Vo ebeol.te mere', value of f%/ palloo
CLEARED THROUGH ITS
INHOU.Y ORBED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
4 c/ 2?
Your Portfolio Holdings
CASH & CASH EQUIVALENTS
DESCDPION
CASH BALANCE
SrsilICLOSO MARKET ESTILIAIED CuRRENT OWNTiTY PiBCE VALUE ANNUAL iNCONE VELD
976.344
TOTAL CASH & CASH EQUIVALENTS 5974.344
FIXED INCOME
Government & Agency Obligations
DESCRPRON SIRSOLCUSP
ACV'
TYPE DUMMY PLACE IAARKET VALLE
ACCRUED
MEREST
ESTMATW
ANNUAL iNCOME
CURREN,
VELD IV
FEDERAL HOME LOAN MTG CORP MRGN 15.029,420 9,5203 1.430.842 32.862 739.447 51.6792
SERIES 2530 CLASS SE
DATED DATE 10/11/02
BOOK ENTRY ONLY
DUE 02/1&2032 4,920%
FACTOR — .25049034
FEDERAL ROME LOAN MTG CORP MRGN 6.446.913 8,6637 558.539 12.951 291.400 52,1718
SERIES 2526 CLASS SI
DATED DATE 10/01/02
BOOK ENTRY ONLY
DUE 0'2/15/2032 4.520%
FACTOR — .25049033
FEDERAL NATIONAL MTG ASSN MRGN 3.672.130 84.8828 3.117.007 3 37 0.0012
STRIP MTG SERIES 322 CL PO
DATED DATE 03/01/02
BOOK ENTRY ONLY
DUE 03/01/2032 .001%
FACTOR - 1.00000000
FECES& HOME WAN MTG CORP MRGN 12,935.618 &2178 1.063.020 25.987 584.690 55,0027
SERIES 2483 CL SL
DATED DATE 07/02/02
BOOK ENTRY ONLY
DUE 03/1512032 4.520%
FACTOR - .22424606
FINANCIAL TRUST CO INC
STATEMENT PERM January 1.2005
THROUGH January 31.2005
ACCOUNT NUMBER
TAXPAYER M.aER On File
LAST STATEMENT December 31.2004
027 0201,05D7:SS 001 "870
CLEARED THROUGH ITS
INTIOU.Y OWNED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
5 O 2?
Your Portfolio Holdings (continued)
Government & Agency Obligations (continued)
N:C" DESCDPnON SweCLCuSP nPt
FEDERAL NATIONAL MTO ASSN
SERIES 2003-49 CLASS SW
DATED DATE 04/30/03
BOOK ENTRY ONLY
DUE 01/25/2033 4.470%
FACTOR — .56738039
Total Government& Agency Obligations
OLIANTITY
MRGN 13.791.178
ACCRUED PRICE MARKET VALUE !MEREST
8,1254 1.120.583 10.274
87288.991 $82,o77
FINANCIAL TRUST CO INC
STATEMENT PERM January 1.2005
THROUGH January 31.2005
ACCOUNT NUMBER
TAXPAYER AA.103ER On FIM
LAST STATEMENT DELETED& 31.2004
ESTIAMED CURRSVr ANNUAL WOW YELD NG
616.466 55,0130
52232.040
Corporate Bonds
DESCRP1ON SOMCLCUSP
FANNIE MAE CMG,SEIRIES 2003-13
S ROR-ItO FUR
DATED DATE 02/2503
BOOK ENTRY ONLY
DUE Oa/2512033 5,470%
FACTOR — .54744510
Total CorporateBonds
ACC' TYPE
MRGN
DUMMY
27.372,254
ACCOJED
PRICE IMRXET VALUE NTEFEST
12.3003 3.366.877 24.955
$3.166.877 $24.955
ESTIMATED
ANMJAL INCOME
1.497.262
$1.497.262
CURFENT
VELD PM
44,4704
TOTAL FIXED INCOME 510.656.868 $107.032 $3.729.302
YOUR PORTFOLIOHOLOINGSACCRUED INTEREST 5107.032
YOUR PORTFOLIOHOLOINGSESTIMATED ANNUAL INCOME 5-3.729.302
YOUR PRICED PORTFOLIOHOLDINGS $11.633..
027 020105:07:55 001 Y870
CLEARED THROUGH ITS
YAIDALY OUS*0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
Repurchase and Reverse Repurchase Transactions
with Bear, Stearns& Co. Inc.outstanding as of date of statement
PURCHASE/ FIEFURCHASE PRICING PURCHASE RIM ACCRUED REPO CAONTRY
START DATE DATE RATE PAINCPAL INTEREST' (FACE AMOUNT) CUSP DESCRIPTION
FINANCIAL TRUST CO INC
STATEMENT PEF000 January 1.2005
THROUGH January 31.2005
AccouNT NUMBER
TAXPAYER MAKER OR File
LAST sTATEmENT December 31.2004
YOU SOLD
(REPO) 01/13105 04/11105
GOVERNMENT NATIONAL MEG ASSOC
2.860 -2.601,000 -3.926 -22.100,003 SEES 2004-5 CLASS P 4.4500 02/20/33
YOU SOLD FANNIEMAE STRIP
(REPO) 01/13/05 04/11/05 2.860 -11.902.000 -17.965 -30.000.000 SEES 329 CLASS PO 12/01/32
YOU SOLD FANNIE MAE STRIP
(REPO) 01/13/05 04/11/05 2.860 -6.406.000 -9.669 -30.000.000 SEES 353 CLASS 10 5.0000 07/01/34
YOU SOLD
(REPO) 01/19/05 02/18+05 2.700 -7.600.000 -7.410 -43.190.000
FHLMC- STRIP PRNCAPAL ONLY
YOU SOLD FANNIEMAE STRIP
(REPO) 01/28/05 02/2/3/05 2.790 -10.014.000 -3.104 -25.000.000 SEES 329 CLASS PO 12/01132
YOU SOLD FANNIE MAE STRIP
(REPO) 01/28+05 04/11/05 2.860 -7.351.000 -2.335 -35.000.000 SEES 353 CLASS 10 5.0000 07/01134
YOU SOLD
(REPO) 01/28+05 02/28+05 2.790 -1.199.000 -371 -6.810.000
FHLMC- STRIP PRINCIPAL
YOU SOLD GOVERNMENT NATIONAL MEG ASSOC
(REPO) 01/28+05 02/28+05 2.790 -500.000 -155 -4.300.000 SEES 2004-5 CLASS P 4.4500 0920/33
YOU PROVIDED GOVERNMENT NATIONAL MEG ASSOC
(MARGIN) 01/28+05 OPEN 0.000 -17.600.000 SEES 2004-5 CLASS P 4.4500 0920/33
YOU SOLD FEDERAL HOME LOAN MTG CORP
(REPO) 01/28/05 02/2/3/05 2.790 -849.000 -263 -50.000.000 SEES 2488 CLASS SO 5.5200 03/15/32
YOU SOLD USER 3.6250 01/15/10
(REPO) 01/31/05 OPEN 2,420 -19.925.000 -1.339 -20.000.000
027 0201,05:07:55 001 Ya70
CLEARED THROUGH ITS
YRIOU.Y OWNED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
7 2?
Repurchase and Reverse Repurchase Transactions (continued)
with Bear,Stearns& Co.inc.outstanding as of date of statement (continued)
PURCHASE/
START DATE
REPURCHASE
DATE
PRICING
RATE
PURCHASE PRIES
PRINCPAL
ACCRUED REPO
MEREST'
GUMMY
(FACE AMOUNT) CUSP DESCRIPTION
YOU SOLD
(REPO) 01/31/05 OPEN 2.170 -31.465.000 -1.896 -31.000,000
USTR 4,2500 11/15114
YOU SOLD FANNIEMAE STRIP
(REPO) 01/31/05 02/10/05 2.760 -8.409.000 -644 -20.959,779 SERIES 329 CLASS PO 1201,32
YOU BOUGHT
(REVERSE) 01/31/05 OPEN 1,930 176.220.000 9.447 176.000.000
USTR 3,0000 1213106
TOTAL REVERSE REPURCHASETRANSACTIONS $176.220.000 $9.447
FINANCIAL TRUST CO INC
STATEMENT PERKO January 1.2005
THROUGH January 31.2005
ACCOUNT NUMBER
TAXPAYER NURSER On File
LAST STATEMENT December 31.2004
TOTAL REPURCHASE TRANSACTIONS 1-108.221.000 $-49.077
As Cl 214IPTOM <WO
Transaction Detail
INVESTMENT ACTIVITY
SETTLEMENT
DATE
TRADE
DATE TRANSACTOR CESCMPTION SYMBOLCUSiP GUMMY PRICE DEBT AMOUNT CREDO MOUNT
01107/05 01/06105 BOUGHT UNITED STATES TREASURY NNE 10,000,000 99,86719 0986.718,75
04.250% MN IS ACM *It 62,223.76
MATURITY
GVER REF # G0061006 Al
01107105 01/06105 BOUGHT UNITED STATES TREASURY NNE MEN 10.000.000 99.87109 9087,109.38
04.250% MN
0 MATURITY
15 ACCR, NIT, 62,223.75
GVER REF # G0071000 Al
AS OF 01106/05
027 0201 ,05D7:SS 001 •••870
CLEARED THROUGH ITS
wilDtLY CAM,E0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
8 c12•
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACT/3N CESCRIPTION STIADOLICUSP oawrin PRICE DEBIT AMOUNT MEM AMOUNT
01/07/05 01/06/05 SOLD UNITED STATES TREASURY NOTE .40.000.000 99.69531 39.878.125 ,00
03.000% JD 30
MATURITY
ACCR, INT, 23,204.42
GVER REF # G0061007 Al
01/07105 PRINCIPAL FEDERAL NATIONAL MTG ASSN -114.994
STRIP MTG SERIES 322 CL PO
0.001 DUE 03/01/32
PRINCIPAL REDUCTN 01-25-05
01/11105 01/10/05 SOLD UNITED STATES TREASURY NOTE -15.000.000 99.58984 14.938.476 ,56
03.000% JO 30
MATURITY
ACCR, INT, 13.674.04
OVER REF # 00101017 Al
01/13/05 01/07105 BOUGHT FEDERAL NATIONAL MTG ASSN 16.314.621 80.34376 13.107,778 .31
SEFUES 329 CLASS PO
STRIP
1/1.57450000 BS
01/13+05 01/07+05 BOUGHT FEDERAL NATIONAL MTG ASSN EMI 28.945.632 25.12500 7,272,590.12
SERIES 353 CLASS 2 ACM Mt 48,242.72 05.000%
57440000 BS
ACCRUES ON 1ST. PAYS ON 25TH
01/13+05 01/12+05 BOUGHT UNITED STATES TREASURY NOTE MIK 10,000.000 100.12109 10,012,109.38
04.250% MN 15 ACCR, INT. 69,267.95
0 MATURITY
GVER REF # G0121006 Al
01/13A)5 01/12/05 SOLD NITED STATES TREASURY NOTE -30.000.000 99.60938 29.882.812 .50
DUE 12/31+2006 03.000% JD 30 ACCR. INT. 32.320 SPECIAL INSTRUCTIONS .44
I
FINANCIAL TRUST CO INC
STATELIER, PERIOD January 1.2005
THROUGH January 31.2005
ACCOUNT NUMBER
TAXPAYER KUMMER On File
LAST STATEMENT December 31, 2004
IELD 3206 % TO MATURITY
GVER REF # G0125168 A3 wwEe
027 0201 05:07:55 001 V870
CLEARED THROUGH ITS
WHOM.? EIMS*0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
01/18105
TRADE
DATE TRANSACT/3N
01/14105 SOLD
DESCRIPTION
UNITED STATES TREASURY MUTE
04.250% MN 15
0 MATURITY
GVER REF # G0141001 Al
01/18/05 01/14105 SOLD UNITED STATES TREASURY NNE
03.000% JD 30
MATURITY
OVER REF it G0141002 Al
01/18/05 01/14105 BOUGHT UNITED STATES TREASURY N0TE
03.625% JJ 15
MATURITY
GVER REF # G0141003 Al
01/18(05 PRINCIPAL FEDL HOME LOAN MTG CORPitS02684
SERIES 218 CL PO
DUE 02/01/32
PRIN RID 12-04 PM 01-15-05
REPO P 8I 0.0000
01/18105 PRINCIPAL FEDERAL FINE LOAN MTG CORP
SERIES 2483 Q. SL
4.520 DUE 03/15132
PRINCIPAL REDUCTN 01-15-05
01/18105 PRINCIPAL FEDERAL HOME LOAN MTO CORP
SERIES 2530 CLASS SE
4.920 DUE 02/15/32
PRINCIPAL REDUCTN 01-15-05
STMEIOLCUMP OVAMITY
-9.000.000
PRICE
100.20313
ACCR, INT.
,itkl CA,
FINANCa TRUST CO INC
STATEmENT PERK* January 1.2005
THROUGH January 31.2005
ACCOUNT NUMBER
TAXPAYER NUMER On File
LAST STATEMENT December 31, 2004
DEBIT AMOUNT GRECO' AMOUNT
9,018.281 .25
67,624.31
-15.000.000 99.57031
ACCR. INT.
14.935,546 ,88
22.375.69
20.000.000
ACCR, 1L
99.61719 19.923.437.50
6.008.29
381.961.00
-470.084
-498.652
01/18105 PRINCIPAL FEDERAL HOME LOAN MTG CORP
SERIES 2526 CLASS Si
4.520 DUE 02115/32
PRINCIPAL REDUCTN 01-I 5-05
-213.898
01/19105 01/18105 SOLD UNITED STATES TREASURY NOTE
04.250% MN 15
0 MATURITY
GVER RE? # G0181001 Al
-9.000.000 100.12500
ACCR, INT.
9.011.250.00
68.680.94
021 0201 0507:55 001 .870
CLEARED THRouGH ITS
valOLLY ORBED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
10 c! 27
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
TRADE
DATE TRANSACTION
01/19105 01/18/05 SOLD
01/19105 01/18105 BOUGHT
01/20/05 12/07104 CANCEL SELL
01,20.05 12/15/04 BOUGHT
01/20+05 12/07+04 SOLD
01/2005 12/15+04 CANCEL BUY
0 I '2005 12/0704 BOUGHT
Dues P1104
UNITED STATES TREASURY NOTE
03.000% JO 30
0 MATURITY
GVER REF ft G0181005 Al
$0.100..00$-P OuANTir, PRCE
FINANCIAL TRUST CO INC
STATEMENT PEF000 January 1.2005
THROUGH January 31.2005
*scow! NUMBER
TAXPAYER NUMBER On File
LAST STATEMENT December 31, 2004
DEW AMOUNT OEM AMOUNT
UNITED STATES TREASURY NOTE
03.625%11 15
0 MATURITY
GVER REF P G0181009 Al
ONMA-30YRONMATOTO
SETT:01105
57310000 BS
AS OF 12/07104
TO C/3. PREVIOUS SELL
ONMA-30YRTGNMATGTO
)00000as591.01/05 0:0000:0
BS
GNmA-30vR(GMAA)GTO
SETT.01.85
• • 05,500%
57310000 BS
ON MA-30YR(GMAA)GTO
SE T.01105
7020000 BS
AS OF 12/15/04
TO C/3. PREVIOUS BUY
ONMA-30YRONMATOTO
SETT.011105
57780000 BS
.16,000.000 99,52344
ACCR, INT.
15.923,750,00
25,193,37
NIS 20.000.000 99,48828 19.897.656.25
ACM, M. 8.011.05
7.000.000 101.96875 7.137.812,50
7.000.000 102.35156 7.164.609,38
-7.000.000 101.96875 7.137.812,50
VIII -7.000.000 102.35156 7,164.609,38
10,000.000 103.54688 10.354.687.50
027 020I ,05:07:55 001 .870
CLEARED THROUGH ITS
YAICU.Y OBBED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
11 o
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
01,20/05
TRADE
DATE mAtisAcnoti
12;i5 .04 CANCEL SELL
OESCRIPTION
ONMA-30YR(GNIAAJOTO
SETT.01//05
7030000 BS
AS OF 12/15/04
TO CM. PREVIOUS SELL
01,20/05 12/07104 CANCEL BUY GNMA-30TR(GNMAIGTO
SETT.01//05
57780000 BS
AS OF 12/07/04
TO CM. PREVIOUS BUY
01/2005 12/15/04 SOW GNMA-30YRONMAJOTO
SETT.01/A35
1.0.5 06.0"7030000 BS
01/21,05 JOURNAL FEDL HOME LOAN PAM CORP#S02684
SERIES 218 CL PO
DUE 02/01/32
ADJUST POSITION
01/2905 PRINCIPAL FEDERAL NATIONAL MTG ASSN
STRIP MTG SERIES 322 CL PO
0,001 DUE 03/01/32
PRINCIPAL PAYMENT 01-25-05
01/2905 PRINCIPAL FANNIE MAE ONO/SERIES 2003-13
S RCR-10 FLTR
5.582 DUE 03/25/33
PRINCIPAL REDUCTN 01-25-05
01.25,05 PRINCIPAL FEDERAL NATIONAL MTG ASSN
SERIES 2003-49 CLASS SW
4.582 DUE 01/25/33
PRINCIPAL REDUCTN 01-25-05
FINANCIAL TRUST CO INC
STATEMENT PERK* January 1.2005
THROUGH January 31.2005
ACCOUNT NUMBER
TAXPAYER NUNSER DII File
LAST STATEMENT December 31.2004
STIABOLCUSP OWARITY PRICE DEBIT AMOUNT CREDI A/lOcter
10.000.000 103.59375 10.359.375.00
-10.000.000 103,54688 10.354.687.50
.10.000.000 103.59375 10,359,375.00
-1
INININ 114.994.05
MIN -610.357
NMI -307.521
027 02,0I 005:07:5S 001 .870
CLEARED THROUGH ITS
leni0M.Y Oune0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
12 r!
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT
DATE
01/28,05
TRADE
DATE TRANSACTOR
01/26105 BOUGHT
DESORPTION
FEDERAL NATIONAL MTG ASSN
SEAMS 329 CLASS PO
STRIP
IMI.58050000 BS
01/28/05 01/2645 BOUGHT FEDERAL NATIONAL MTG ASSN
SERIES 353 CLASS 2
illit s05.000%
8060000 BS
ACCRUES ON 1ST. PAYS ON 2501
01/28/05 01/27/05 BOUGHT UNITED STATES TREASURY NOTE
DUE 11/1512014 04.250% MN IS
SPECIAL INSTRUCTIONS
YIELD 4,224 % TO MATURITY
OVER REF V G0272927 A3 ri ViE8
01,31105 01/27/05 BOUGHT FEDERAL NATIONAL MTG ASSN
SERIES 329 CLASS PO
STRIP
00111 1,57200000 BS
01,31105 01/2645 SOLD GOVERNMENT NATIONAL MTG ASSN
SERIES 2004-2 CLASS S8
04,720%
7450000 BS
SY/ABOLICUSIP OUPPRTIY
13,595,517
PRICE
82.03125
FINANCIAL TRUST CO INC
STATEMENT PERK* January 1.2005
THROUGH January 31.2005
ACCOUVT NUMBER
TAXPAYER IMAGER On File
LAST STATEMENT December 31, 2004
DEBIT AMOUNT
11.152.572,95
GREGG AAIDUNr
33.769.904
ACCR,
24.21875 8.178.648,71
126.637,14
10.000.000 100.20313
ACCR, NT.
10.020.312.50
86.878.45
11.398.361 8196875 9.343.094.60
-39.801.752 9,00000
ACCR, INT,
3,582,157.76
78276,79
01,31105 01,28105 BOUGHT UNITED STATES TREASURY NNE
04.250% MN IS
MATURITY
GVER REF # G0281002 Al
01,31105 01/2845 BOUGHT UNITED STATES TREASURY NOTE
03.000% JD 30
. % 0 MATURITY
GVER REF # G0281000 Al
9.000.000 100.90234
ACCR, INT,
9.081.210.94
81.360,49
15.000.000
ACCR, WT,
99.58594 14.937.890.63
38.535,91
027 02010507:55 001 .870
CLEARED THROUGH ITS
YAIOU.Y OWNED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
13 c! 27
Transaction Detail (continued)
INVESTMENT ACTIVITY (continued)
SETTLEMENT TRADE
DATE DATE TRAusg,Bon
01/31/05 01/28/05 SOLD
j.ESLF pno”
UNITED STATES TREASURY 1431E
r 03,625% JJ 15
. MATURITY
G.ER REP tt G•281001 Al
STIUBOLGUEV OVANTITY PRCE
-20.000.000 99,76563
ACCR, INT.
FINANCIAL TRUST CO INC
STATEMENT PERM January 1.2005
THROUGH January 31.2005
AGLOW! NUMBER
TAXPAYER isafuSER On File
LAST STATEMENT December 31, 2004
DEW AMOUNT CREDIT MOM
19.953,125 ,00
32.044,20
TOTAL 1,188,507,003.91 $193.000.39158
DEPOSITS AND WITHDRAWALS
DATE TFONSACTCN DESORPTION DEEM AMOUVT CREDIT AMOUNT
01,05,'05 FND WIRED MDA# GY154679 FNDS WIRED TO 72.724,00
FLEET NATIONAL BMW
AC2387604020 NY#35491
TOTAL $.-72,724.00
INTEREST
DATE DESORPTION STIABOLDLISIP OUANTITY RATE DEBIT AMOUNT CREDIT AMOUNT
01/18/05 FEDERAL NOME LOAN MTO CORP 4.5200 51.360,60
SERIES 2483 CL SI.
DUE 03/15/2032 4.520
INTEREST PAYMENT 01-15.05
01/18/05 FEDERAL HOME LOAN MTO CORP 5,5200 54.201,35
SEEMS 2488 CLASS SO
DUE 03/15/2032 5.520
INT R/D 12-04 P/0 01-15-O5
REPO P & I 5.5975
01/18/05 FEDERAL WA* LOAN MTO CORP 4,9200 64.667)5
SERES 2530 CLASS SE
DUE 02/15/2032 4.920
INTEREST PAYMENT 01-15-05
027 02,01,05:07:55 001 '.1170
CLEARED THROUGH ITS
YAICU.Y OWNED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
14 o
Transaction Detail (continued)
INTEREST (continued)
FINANCIAL TRUST CO INC
STATEMENT PERK* January 1.2005
THROUGH January 31.2005
ACCOUNT NUMBER
TAXPAYER MASER (Nine
LAST STATEMENT December 31.2000
DATE DESCRIPTION SYMEICIJCUSIP DOWNY RATE ITN DEBIT AMOUNT CREDO AMOUNT
01/18105 FEDERAL HOME LOAN MTO CORP 4.5200 25,519.23
SERES 2526 CLASS SI
DUE 02/15/2032 4.520
INTEREST PAYMENT 01-15-05
01/18105 GOVERNMENT NATIONAL TATO ASSN 4.7930 166998.04
SERES 2004-2 CLASS SB
DUE 01/16/2034 4.793
INT RID 01-05 PA) 01-16-05
REPO P I 4.7931
01/20/05 GOVERNMENT NATIONAL WO ASSN 4.5400 82.855.00
SERES 2004-5 CLASS PS
DUE 02/20/2033 4.540
INT RID 12-04 PM 01-20-05
REPO P SI 4.5400
01/20/05 GOVERNMENT NATIONAL TATO ASSN 4.5400 83.611.67
SERES 2004-5 CLASS PS
DUE 02/20/2033 4.540
INT RFD 12-04 PA 01-20-05
REPO P d I 4.5400
01/25105 FANNIE K1AE CMO/SERIES 2003.13 5.5820 130.177.44
S RCR-VD RTR
DUE 03/25/2033 5.582
INTEREST PAYMENT 01-25-05
01/25/05 FEDERAL NATIONAL NM ASSN 4.5820 53.839.40
SERIES 2003-49 CLASS SW
DUE 01/25/2033 4.582
INTEREST PAYMENT 01-25-05
TOTAL $707.230.6e
027 020105:07:55 001 V870
CLEARED THROUGH ITS
VOICtLY ORTNED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
15 c!
Transaction Detail (continued)
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS
with Bear,Stearns& Co. Inc.
SETTLEMENT TRACE
DATE DATE TRANSACTION DESCRPTCN SYMEICIJCUSIP awn" DEBIT ;wow CREDIT AMOUNT
01/07/05 JOURNAL LIMTEO STATES TREASURY NOTE -20.000.000 20.050.000.00
FONT crimp Al
4.250 14
REPO AGREEMENT
01/07/05 DELIVERED UNITED STATES TREASURY NOTE INIIIIII -75.000.000 75.000.000 .00
DUE 12/31/2006 3.000
3.000 DUE 12/31/06
RIM F3660898 A2
TERM RESALE AGREEMENT
01/07/05 RECEIVED UNITED STATES TREASURY NOTE IIIIIIII 115.000.000 115.000.000 .00
DUE 12/31/2006 3.000
3Flar DOIAI
RESALE T
01/07/05 INTEREST MATED STATES TREASURY NOTE IIIIIIII 25.416.67
DUE 12131/2006 .000
F3660898
INTEREST
01110105 JOURNAL FEDL HOME LOAN MTG COAH/S02684 -11,512,346 8.628.000.00
SERIES 218 CL PO
FILM Al
DUE Ojai.
REPO
01/10/05 JOURNAL FEDL HOME LOAN MIG OC6P4S02684 11.512,346 9.478.000 .00
SERIES 218 CL PO
DUE 0
FILM A2
TERM ENT
01/10105 JOURNAL GOVERNMENT NATIONAL MTO ASSN 21.900,000
SERIES 2004-5 CLASS PS
4.540 DUE 02/20/33
FILM F3573210 A2
TERM REPO AGREEMENT
01/10105 JOURNAL GOVERNMENT NATIONAL MTO ASSN -21.900.000 500.000.00
SERIES 2004-5 CLASS PS
FINANCIAL TRUST CO INC
STATEMENT PERICO January 1.2005
THROUGH January 31.2035
ACCOUNT NUMBER
TAXPAYER KAISER On File
LAST STATEMENT December 31.2004
4FRA4.540 AI
REPO A
027 020105:07:55 001 V870
CLEARED THROUGH ITS
INTIOU.Y OWNED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc.
16 a 2?
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION SYMEMICUSIP CVANTITY DEBIT AMOUNT 01/10105 INTEREST FEDL NOME LOAN MT0
OUIPeS02684 53,550.70 SERIES 218 CL PO
DUE 07".. 0.000 ATM A2 REPO I 01/11105 RECEIVED UNITED STATES TREASURY NOTE DUE 12)31/2006 3.000 3.000 FITM 1111(21C 
RESALE T 01/11105 RECEIVED UNITED STATES
TREASURY NOTE DUE 12)31/2006 3.000 3,000FITM 4111111106A 1 A RESALE M iltregIT
01/11.'05 RECEIVED UNITED STATES TREASURY NOTE DUE 12131/2006 3.000 3.000 FITM AIB RESALE 01/11.'05 DELIVERED UNITED 
STATES TREASURY NOTE DUE 12/31/2006 3.000
3,000 FILM JWA2 TERM e EMENT 01/11/05 INTEREST UNITED STATES TREASURY NOTE DUE 12i3.1.2.OD6_ _3.000 Fir III01/13105 
JOURNAL FEDERAL NATIONAL 1.110 ASSN SERIES
329 CLASS PO DUE 01)01,33 STRIP FILM yip Al REPO A
FINANCIAL TRUST CO INC
STATEMENT PERK* January 1.2005 THROUGH January 31.2005
ACCOUNT NUMBER TAXPAYER NLAIBER On Rile LAST STATEMENT December 31.2000
CREDIT AMOUNT
30,000.000 29.999.999 .99
50.000.000 49.999.999.99
50.000.000 49.999.999.99
-116.000.000 115.000.000.00
25,491.67
.16,314.621 11.902.000 .00
027 02,01,05:07:S5 001 .870

╭──────────────────────────────────── Page 321, Image 1 ─────────────────────────────────────╮
│ OFFICE SERVICING YOUR ACCOUNT —                                                            │
│                                                                                            │
│ BEAR Bear, Stearns & Co. Inc. i =m                                                         │
│ STEARNS | ene His coe                                                                      │
│                                                                                            │
│ 16 ae                                                                                      │
│ Transaction Detail (continued)                                                             │
│ ( ) —aw ne                                                                                 │
│ "HYPAVER NUMBER On Fle                                                                     │
│ REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS | (continued ast srarewent December 91,2004 │
│ ovrons INTEREST EDL HOME LOAN MTG CORPHSOREES '53.50,70                                    │
│ ‘ont ti08 ‘STATES TREASURY NO} ” '36:000,600 25388, 565 55                                 │
│                                                                                            │
│ DUE 12312008 3,000                                                                         │
│ 5.300                                                                                      │
│                                                                                            │
│ 3:000                                                                                      │
│                                                                                            │
│ ny                                                                                         │
│ <                                                                                          │
│                                                                                            │
│ ‘STATES TREASURY NOI '$6.000,000 48 338,585 55                                             │
│                                                                                            │
│ ours                                                                                       │
│ DUE 12312008 3,000                                                                         │
│ 5.300                                                                                      │
│ Fin’ ny                                                                                    │
│ call                                                                                       │
│ ‘ont ti08 ‘ELIE; ‘STATES TREASURY NO} ” "178,000,600 195 '660,000-60"                      │
│                                                                                            │
│ DUE 12312008 3,000                                                                         │
│ 5.300                                                                                      │
│                                                                                            │
│ Fin                                                                                        │
│ TERM                                                                                       │
│                                                                                            │
│ Ey                                                                                         │
│                                                                                            │
│ iain                                                                                       │
│ i                                                                                          │
│                                                                                            │
│ ours “OUaNAL areas estes “i'803'000 "00"                                                   │
│ SERIES 929 CLASS PO                                                                        │
│ Bozownies                                                                                  │
│ sine                                                                                       │
│                                                                                            │
│ oa                                                                                         │
╰────────────────────────────────────────────────────────────────────────────────────────────╯

CLEARED THROUGH ITS
YAICU.Y OWNED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
17 C! 27
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEmENT TRADE
DATE DATE nvecMCnON DESCRencti
01/13105 JOURNAL GOVERNMENT NATIONAL LIM ASSN
SERIES 2004-2 CLASS SB
4.7933.4
FITM A2
TERM / MENT
01/13/05 JOURNAL GOVERNMENT NATIONAL MM ASSN
SERIES 2004-2 CLASS SB
4.793 WI
FITM Al
REPO A
01/I 3105 JOURNAL GOVERNMENT NATIONAL KIM ASSN
SERIES 2004-5 CLASS PS
ORTm.540 Ditaire33 Az
TERM RortTMENT
01/1305 JOURNAL GOVERNMENT NATIONAL MM ASSN
SERIES 2004-5 CLASS PS
4.540
FIRE 11.1
REPO A
01:13,05 JOURNAL GOVERNMENT NATIONAL MTO ASSN
SERIES 2004-5 CLASS PS
4.540
FITM
REPO A
01/13/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN
SERIES 2004-5 CLASS PS
4, 0FI V 033 A 3
REPO A
01/13/05 JOURNAL FEDERAL NATIONAL MTO ASSN
SERIES 353 CLASS 2
5.000
FITM B1
REPO A
FINANCIAL TRUST CO INC
STATEMENT PER100 January 1.2005
THROUGH January 31.2005
ACCOUNT NUMBER
TAXPAYER NUMBER On Pile
LAST STATEMENT December 31.2000
SYMP./Q/51P OMMITIN COON AMOUNT CREDIT AMOUNT
40,307,282
MIS -40.307.282 2,830.000.00
EMI 22.100.000 2,500,000.00
-22.100.000 2.601.000.00
EMI 22.100.000 2.601.000.00
Mill -22.100.000 2 601.000.00
-28,945.632 6,406.000,00
027 02,01 ,05G7:55 001 '.870
CLEARED THRouGH ITS
YAICU.Y OMBED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
18 ul V
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
sEntEmetir
DAN
01/13/05
Gum
DATE
01/13/05
01/13/05
01/13105
01/13/05
01/13105
FINANCIAL TRUST CO INC
STATEMENT PERK* January 1.2005
THROUGH January 31.2005
AccouNT NUMBER
TAXPAYER NUMBER On He
LAST STATEMENT December 31.2004
TVOC3ACRON DESORPTION SYMeCtocusie MAMMY DEBIT AMOUNT CREDO AMOUNT
JOURNAL UNITED STATES TREASURY NOTE 20.000.000 20,050.000 .00
FITM pig A2
4,250 14
TERM REPO AGREEMENT
JOURNAL WITTED STATES TREASURY NOTE -30.000.000 30.150.000 .00
FITM Al
4.250 4
REPO AGREEMENT
DELIVERED UNITED STATES TREASURY NOTE -30.000.000 29.999.999.99
DUE 12/31/2006 3.000
3.000
FITM FINCALC
TERM e ENT
DELIVERED UNITED STATES TREASURY NOTE -50.000.000 49.999.999.99
DUE 12/3112036 3.000
3.000FlarE6
FITM A2A
TERM e EMENT
DELIVERED LIMTE0 STATES TREASURY NOTE -50.000.000 49.999.999.99
DUE 12/31/2006 3.000
3,000
TA FIT A2B
TERM EMENT
FM1r
RECEIVED UNITED STATES TREASURY NOTE 160,000,000 160.000.000 .00
DUE 12/31/2006 3.000
3.000
FITTA Al
RESALE
01/13105 INTEREST GOVERNMENT NATIONAL MTO ASSN
SERIES 2004-5 CLASS PS
DUE 02:111 4.540
FITM A2
REPO I
3.987.50
01/13105 INTEREST LIMITED STATES TREASURY NOTE
DUE AO. 4.250
M A2 FIT
REPO I
5.719.82
027 meiVS:07:55 ROI '.870
CLEARED THROUGH ITS
YAICU.Y OWNED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
19 nr
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMOIT
DATE
01/13/0S
TRADE
DATE TRNISACRON
INTEREST
DESCRPTICH
UNITED STATES TREASURY NOTE
DUE 11 10 3.000
ATM A2C
RESALE
01/13105 INTEREST UNITED STATES TREASURY NOTE
DUE 12/W 3.000
ATM A2A
RESALE
OVANTITy DEBIT ;wow
FINANCIAL TRUST CO INC
STATEMENT PERK* January 1.2005
THROUGH January 31.2005
ACCOUNT NUMBER
TAXPAYER NLAISER On FIk
LAST STATEMENT December 31.2004
CREDIT AMOUNT
3.183.33
5,305.55
01113/05 INTEREST
01/18105 JOURNAL
0N18,[05 JOURNAL
01/18/05 JOURNAL
01/18/05 JOURNAL
Oil SUS DELIVERED
UNITED STATES TREASURY NOTE 5,30.5.6.5
DUE 12/W1f#, 3.000
ATM A2B
RESALE
GOVERNMENT NATIONAL EGG ASSN
SERIES 2004.5 CLASS PS
4.540
FITA4 *WI
REPO A
-21.900.000
GOVERNMENT NATIONAL MTG ASSN 21.900.000 500.000.00
SERIES 2004-S CLASS PS
4.540 Oillia33
FITM A2
TERM RIlint iMMENT
UNITED ASuRY NOTE -21.000.000 21.157.500.00
ATM Al
4.250 14
REPO AGREEMENT
UNITED SURY NOTE 30.000.000 30.150.000.00
ATM i42
4.250 14
TERM REPO AGREEMENT
UNITED STATES TREASURY NOTE -160.000.000 160.000.000.00
DUE 12/31/2006 3.000
3.000
ATM Jett
TERM EMENT
027 020105:07:55 001 Y870
CLEARED THROUGH ITS
WHOLLY OWNED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
20 c!
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SEMEMENT WADE
DATE DATE TRANSACTION MERVIN:RI STMOCCCUSIP DVANilie MIT AMOUNT CREDIT AMOUNT
01/18/05 RECEIVED UNITED STATES TREASURY NOTE 175,000.000 175.000.000.00
DUE 12/31/2006 3.000
3.000
FILM WI
RESALE T
01/18105 JOURNAL UNITED TATES TREASURY NOTE -20.000.000 19.875.000.00
FILM Al
3.625 / 10
REPO AGREEMENT
01/18105 INTEREST GOVERNMENT NATIONAL MTO ASSN 293.33
SERIES 2004-5 CLASS PS
DUE 02/0 4.540
FILM A2
REPO I
01/18105 INTEREST UNITED STATES TREASURY NOTE 8.006.50
DUE 11:1111. 4.250
ATM A2
REPO I
01/18/05 INTEREST UNITED STATES TREASURY NOTE 44,000,00
DUE ISO 1000
01/19115 JOURNAL FEDL NOME LOAN MTG CCAPPS02684 -1.567.981
SERIES 218 CL PO
DUE 0
FILM Al
REPO:lir
01/19.'05 JOURNAL FEDL /CAE LOAN MTG COAH/S02684 -9.944.364 7,600,000.00
SERIES 218 CL PO
DUE 0
FONTlair Al
REPO A
01/1945 JOURNAL FEDL NOME LOAN 1410 CORPNS02684 11,512.346 8.628.000 .00
SERIES 218 CL PO
li/14FIT402/1 1,2
TERM RIML IMMENT
FINANCIAL TRUST CO INC
STATEMENT PERK* January 1.2005
THROUGH January 31.2035
ACCOUNT NUMBER
TAXPAYER KAISER On FOP
LAST STATEMENT December 31.2000
027 0207 0507:55 001 •.'870
CLEARED THROUGH ITS
YAICU.Y OWNED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
21 c!
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
FINANCIAL TRUST CO INC
STATEMENT PERIOD January 1.2005
THROUGH January 31.2005
ACCOUNT NUMBER
TAXPAYER NumBER On Ale
LAST STATEMENT December 31.2004
SETTLEMENT TRADE
DATE DATE WiNSACRON DESCRPTICR SYMEICIAUSIP WANTin DEBIT ;wow CREDIT AMOUNT
01/19/05 JOURNAL UNITED STATES TREASURY NOTE -12.000.000 12.120.000.00
ATM pig Al
4.250 14
REPO AGREEMENT
01/15105 JOURNAL LISTED TATE T SURY NOTE Mir 21.000.000 21.157.500.00
FITM A2
4.250 14
TERM REPO AGREEMENT
01119 x05 DELIVERED UNITED STATES TREASURY NOTE -175.000.000 175,000400.00
DUE 12/31/2006 3.000
3.000
ATM 31162 m
TERM ENT
01/19435 RECEIVED MATED STATES TREASURY NOTE 191.000.000 191.000.000.00
DUE 12+31/2006 3.000
3.000
FITM .0121
RESALE T
01/19:05 JOURNAL LISTED TALE TREASURY NOTE 20.000.000 19.875.000 .00
ATM A2
3.625 ,10
TERM REPO AGREEMENT
01/19005 JOURNAL UNITED ASURY NOTE -40.000.000 39.750.000 .00
ATM Al
3,625 r10
REPO  AGREEMENT
01/1905 INTEREST FEOL HOME LOAN MID CORP#S02684 5.694.48
SERIES 218 CI PO
DUE Oil. 0.000
ATM A2
REPO I
01/19,05 INTEREST UNITED STATES TREASURY NOTE 1.057.88
DUE 11/ 4250
ATM A2
REPO I
027 020105:07:55 001 Y870
CLEARED 114ROuGH ITS
wisCt13 CMT,*0 SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
=Pm 22
Transaction Detail (continued)
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)
FINANCIAL TRUST CO INC
STATELIER, PEF000 January 1.2005
THROUGH January 31.2035
ACCOUNT NUMBER
TAXPAYER KAISER On Pile
LAST STATEMENT December 31.2004
EEMEMENI TFPOE
DALE DATE TRANSACTION DESCRPTION SYMIKLCVSIP OUPARITif DEBIT AMOUNT CREDIT AMOUNT
01/19/05 INTEREST UNITED STATES TREASURY NOTE 6,076,39
DUE 12/3,L2GOL •_3.000
01/19105 INTEREST UNITED STATES TREASURY NOTE 1MM 955.10
DUE 01/111, 3.625
FITMF
REPO INr
01/28/05 JOURNAL FEDL HOME LOAN MTG COAP#S02684 1.567,981
SERIES 218 CL PO
DUE 0
FITM 31111 AA2
TERM ENT
01/28105 JOURNAL FEDL HOME LOAN MTG CORP#502684 -1.567,981 1,199,000 .00
SERIES 218 Cl. PO
DUE 021
FITM Al
REPO A
01/28105 JOURNAL FEDERAL HOME LOAN MTG CORP IT III.304
SERIES 2488 CLASS SO
5.520R.1132
FITM A2
TERM MENT
01/28/05 JOURNAL FEDERAL HOME LOAN MTO CORP IT al.304 849,000.00
SERIES 2488 CLASS SO
5.520 ilt2
FITM A
RESALE T
01/28/05 JOURNAL FEDERAL HOME LOAN MTO CORP .11...304 849.000.00
SERIES 2488 CLASS SO
5,520 Clin
01/28/05 JOURNAL FEDERAL HOME LOAN MTO CORP 3C4 849.000.00
SERIES 2488 CLASS SO
5,5203.32
FILM AI
REPO
021 020105:07:55 001
CLEARED THROUGH ITS
YAICU.Y OWNED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
23 cIv
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRMISAGMON DESCRPOON SAleClocusie OUAMITY DEBIT AMOUNT CREDIT AMOUNT
01/28/05 JOURNAL FEDERAL NATIONAL MTG ASSN -13.595.517 10.014.000 .00
SERIES 329 CLASS PO
DUE 01/01/33
STRIP
FITM Al
REPO
Ansi
01/28 05 JOURNAL GOVERNMENT NATIONAL MTG ASSN INNS 21,900.000
SERIES 2004-5 CLASS PS
4.450
FITM 31WE2
TERM ENT
01/28/05 JOURNAL GOVERNMENT NATIONAL MO ASSN EMI -17,600.000
SERIES 2004-5 CLASS PS
4.450
FIRE Al
REPO
01/28/05 JOURNAL GOVERNMENT NATIONAL MTG ASSN -4.300.000 500.000.00
SERIES 2004-5 CLASS PS
4.450
FITM 110.1
REPO A
01/28/05 JOURNAL FEDERAL NATIONAL MTG ASSN -33.769.904 7.351.000.00
SERIES 353 CLASS 2
5.000 li
FITM A r l
REPO A
01/28+05 JOURNAL LINiTE0 STATES TREASURY NOTE 12,000.000 12.120.000.00
FITM A2 ell.
4.250 / 14
TERM REPO AGREEMENT
01/28/05 JOURNAL LIMTE0 STATES TREASURY NOTE -22,000.000 22.247.500 .00
FITM Jim Al
4.250 14
REPO AGREEMENT
01/28/05 INTEREST LINiTE0 STATES TREASURY NOTE 5.679.57
DUE I ling& 4,250
FILM A2
REPOT i
FINANCIAL TRUST CO INC
STATEMENT PERK* January 1.2005
THROUGH January 31.2005
ACCOUNT NUMBER
TAXPAYER NUmSER On FOS
LAST STATEMENT December 31.2004
027 02,01,05:07:S5 001 Y870
CLEARED THROUGH ITS
YAICU.Y OWNED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SETTLEMENT TRADE
DATE DATE TRANSACTION DESCRPRON SYMOCIAUSIP DUMMY DEBIT AMOUNT CREDIT AMOUNT
01/31/05 JOURNAL FEDERAL NATIONAL MKT ASSN -11.398.361 8.409.000 AO
SERIES 329 CLASS PO
DUE 01101/33
STRIP
FITM Al
REPO
01/31105 JOURNAL GOVERNMENT NATIONAL MTO ASSN 39,801.752 2.830.000.00
SERIES 2004-2 CLASS SB
0.720
FITM 31.2
TERM ENT
01/31105 JOURNAL UMTE0 STATES TREASURY NOTE 22.000.000 22.247.500 AO
FITM pig A2
0.250 / 14
TERM REPO AGREEMENT
01/31105 JOURNAL UMTE0 STATES TREASURY NOTE -31.000.000 31.465.000 .00
FITM Hip Al
0250 , 14
REPO AGREEMENT
01/31/05 RECEIVED OWED STATES TREASURY NOTE NMI 176.000.000 176,220,000.00
DUE 12/31/2006 3.000
3FITMJ:1°Ci 1 W A
RESALE T
01/31/05 DELIVERED UNITED STATES TREASURY NOTE -191.000.000 191.000.000.00
DUE 12/31/2006 3.000
3,000
AI FIT FIWA2
TERM EMENT
01/31/05 JOURNAL UNITED STATES TREASURY NOTE -20.000.000 19.925.000)30
FITM Al
3.625 , 10
REPO  AGREEMENT
01,31,{05 JOURNAL UNITED ATE TREASURY NOTE 40,000.000 39.750.000.00
FITM A2
3.625 .10
TERM REPO AGREEMENT
027 020T 0507:&S 001 •.'870
FINANCIAL TRUST CO INC
STATEMENT PERK* January 1.2005
THROUGH January 31.2005
ACCOUNT NUMBER
TAXPAYER KAISER OR Pile
LAST STATEMENT December 31.2000
CLEARED THROUGH ITS
YAICU.Y OWNED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
25 c!
Transaction Detail (continued)
REPURCHASEAND REVERSE REPURCHASETRANSACTIONS (continued)
SEnLELENI TAME
DATE DATE TRANSACTION DESCRPTION SYMEICIAUSIP OUNNIN DEBIT AMOUNT CREDIT AMOUNT
01,31/05 INTEREST GOVERNMENT NATIONAL Mkt ASSN 4.046,90
SERIES 2000-2 CLASS SB
DUE 01311.1 0.720
FRM A2
REPO I
01/31/05 INTEREST UNITED STATES TREASURY NOTE 3.633.76
DUE I I1 0.250
ATM A2
REPO I
01/31/05 INTEREST UNITED STATES TREASURY NOTE EMI 120,648.33
DUE 12/.0 .000
01/31/05 INTEREST UNITED STATES TREASURY NOTE 25,395.83
DUE 01:110 3.625
FRM A2
REPO I
TOTAL 3-1.140.074.021.34 31.135.214.427.46
FINANCIAL TRUST CO INC
STATEMENT PERK* January 1.2005
THROUGH January 31.2035
ACCOUNT NUMBER
TAXPAYER NUMBER On Pile
LAST STATEMENT December 31.2000
MISCELLANEOUS
DATE
'MAT TPANSACTO1 DESCRIPTCN DEBT AMON, STEM AMOLter
01/19/05 JOURNAL DEC 04 SPEC CLEARING FEES 2.000.00
01/19/05 JOURNAL GMAA-30YFt(ONMA)GTO 26,796.88
SETT.01/05
5.500 DUE 01115/35
MBS NET 01/19/05
01/20/05 JOURNAL GAMA-30YR(GNMA)GTD 4,687,50
SETT.01//05
6.000 DUE 01/15/35
MBS NET 01/20/05
TOTAL S-28.796.88 84.687.50
027 02,01,05:07:55 001 2870
CLEARED THROUGH ITS
YAICU.Y OWNED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns 8 Co. Inc.
26 c? 27
Trades Executed Pending Settlement
SETTLEMENT
DATE
TRADE
DATE TRANSACTION
02/01/05 01/31105 SOLD
02/10/05 01/20105 BOUGHT
02/10+05 01/11105 SOLD
02/10105 01/18105 SOLD
02/10105 01/20105 BOUGHT
02/10105 01/20105 BOUGHT
02/10/05 01/20,105 CANCEL BUY
DESCRPTION
UNITED STATES TREASURY NOTE
03.126% JJ 31
0 MATUFUTY
GVER REF # G0311009 Al
FNMA-30YR(FNMA)G1D
SETT.02/06
67390000 BS
FNMA-30YR(FNMA)G1D
SETT.02/06
(16.500%
67220000 BS
FNMA-30YR(FNMA)GTD
SETT.02/06
67000000 BS
FNMA-3cna(FNItIA)G1D
SETT 02/05
05.000%
57000000 BS
AS OF 01120/06
FNMA-30YR(FNMA)GTD
SETT,02 05
0.100005.000%
57000000 BS
FNMA-30YRIFNMA)G1D
SETT.02/05
101.1105.000%
57000000 BS
AS OF 01/20/05
FINANCIAL TRUST CO INC
STATEMENT PERM January 1.2005
THROUGH January 31.2005
ACCOUNT NUMBER
TAXPAYER 'RAISER On File
LAST STATEMENT 0000MDEI 31.2004
ST/Mel:GUS* OJAArrilY PACE DESK AMOUNT CREDIT AMOUNT
-15.000.000,00 99.6875 14.964.419 .89
10.000.000 p0 101,7304 10.173.046 p8
-10.000.000,00 101,2500 10.125,000 ,00
-10.000.000.00 101.5156 10.161,562 ,50
10.000.000.00 99.6523 9.965.234.38
10.000.000.00 99.6523 9.965.234.38
10.000.000,00 99.6523 9.965.234.38
027 020105:07:55 001 V870
CLEARED THRouGH ITS
INNOU.Y OmBED SUBSIDIARY
BEAR
STEARNS
OFFICE SERVICING YOUR ACCOUNT
Bear. Stearns & Co. Inc.
27 c? 27
Trades Executed Pending Settlement (continued)
SETTLEMENT TRADE
DATE DATE TRANSACTION DESCRFIX3N
02/10105 12/16+04 BOUGHT FNMA 30YR GTO
SETT. 02/05
57320000 BS
02/10105 01/11105 BOUGHT FNMA 30YR GTO
SETT. 02105
~ 06.000%
57210000 BS
02/10815 12/30814 SOLD FNMA 30YR GM
SETT, 0205
1.0106.000%
57220000 BS
02/15+05 12/30104 BOUGHT FNMA 15YRtFNMA 15)3TD
SETT,02 05
57230000 BS
02/15/05 12/16104 SOLD FNMA.15TRIFNMA-15,0TO
SETT,02.05
F 05.600%
57330000 BS
FINANCIAL TRUST CO INC
STATEMENT PERIOD January 1.2006
THROUGH January 31.2005
AccouNT NUMBER
TAXPAYER KAISER On Pile
LAST STATEMENT December 31.2004
STMOD-CUSP OJANTin PRICE DEMI AMOUNT CREPT RAMO
10.000.000.00 103.0312 10.303.125.00
20.000.000.00 103.0312 20.606.250 .00
-10.000.000,00 102.9843 10.298,437,50
11.000.000.00 102.9765 11.327.421.88
-11.000.000,00 103.1093 11.342.031 .25
TOTAL $72.340.312.52 $66.836.685.52
The chore Fads M nol room m se oiler semon oi iler stommtet
End of Statement
027 0201.06:07:65 001 M970