--------------------------------------------------------------------------------

                      Consolidated Report of Condition of

                              THE BANK OF NEW YORK

                    of One Wall Street, New York, N.Y. 10286
                     And Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System, at the close of business September
30, 2001, published in accordance with a call made by the Federal Reserve Bank
of this District pursuant to the provisions of the Federal Reserve Act.

                                                                  Dollar Amounts
ASSETS                                                              In Thousands
Cash and balances due from depository institutions:
   Noninterest-bearing balances and currency and coin..               $3,238,092
   Interest-bearing balances...........................                5,255,952
Securities:
   Held-to-maturity securities.........................                  127,193
   Available-for-sale securities.......................               12,143,488
Federal funds sold and Securities purchased under
 agreements to resell................................                  281,677
Loans and lease financing receivables:
   Loans and leases held for sale....                                        786
   Loans and leases, net of unearned
     income..........46,206,726
   LESS: Allowance for loan and
    lease losse.....607,115
   Loans and leases, net of unearned
     income and allowance..............................               45,599,611
Trading Assets.........................................                9,074,924
Premises and fixed assets (including capitalized
   leases).............................................                  783,165
Other real estate owned................................                      935
Investments in unconsolidated subsidiaries and
   associated companies................................                  200,944
Customers' liability to this bank on acceptances
   outstanding.........................................                  311,521
Intangible assets......................................
   Goodwill............................................                1,546,125
   Other intangible assets.............................                    8,497
Other assets...........................................                8,761,129
Total assets...........................................              $87,334,039


LIABILITIES
Deposits:
   In domestic offices.................................              $28,254,986
   Noninterest-bearing.......................10,843,829
   Interest-bearing..........................17,411,157
   In foreign offices, Edge and Agreement
     subsidiaries, and IBFs............................               31,999,406
   Noninterest-bearing........................1,006,193
   Interest-bearing..........................30,993,213
Federal funds purchased and securities sold under
    agreements to repurchase............................               6,004,678
Trading liabilities....................................                2,286,940
Other borrowed money:
   (includes mortgage indebtedness and obligations
    under capitalized leases)...                                       1,845,865
Bank's liability on acceptances executed and
    outstanding.........................................                 440,362
Subordinated notes and debentures......................                2,196,000
Other liabilities......................................                7,606,565
Total liabilities......................................              $80,634,802
EQUITY CAPITAL
Common stock...........................................                1,135,284
Surplus................................................                1,050,729
Retained earnings......................................                4,436,230
Accumulated other comprehensive income.................                   76,292
Other equity capital components........................                        0
---------------------------------- ---------------------------------------------
Total equity capital...................................                6,698,535
Total liabilities and equity capital...................              $87,334,039


     I,  Thomas  J.  Mastro,  Senior  Vice  President  and  Comptroller  of  the
above-named  bank do hereby  declare  that this  Report  of  Condition  has been
prepared in conformance with the  instructions  issued by the Board of Governors
of the  Federal  Reserve  System  and is true to the  best of my  knowledge  and
belief.
 ===============================================================================

                                                 Thomas J. Mastro,
                                         Senior Vice President and Comptroller

     We, the undersigned directors,  attest to the correctness of this Report of
Condition  and  declare  that it has been  examined by us and to the best of our
knowledge  and belief has been  prepared in  conformance  with the  instructions
issued by the Board of Governors of the Federal  Reserve  System and is true and
correct.


Thomas A. Renyi
Gerald L. Hassell                                                 Directors
Alan R. Griffith


--------------------------------------------------------------------------------