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BNY WESTERN TRUST COMPANY
Statement of Financial Condition
As of October 31, 2001

		10/31/2001
ASSETS
Cash and due from banks		$	5,190,627
Investment securities, U.S. Treasury Notes at cost, net of unamortized purchase premium			3,329,420
Federal Funds sold			11,000,000
Securities purchased under resale agreements			66,000,000
Fixed assets-net			1,313,845
Receivables and other assets			11,004,975
Goodwill (net)			177,910,446
	TOTAL ASSETS	$	275,749,313
LIABILITIES
Demand Deposits, Trust Dept. Funds, Official Checks & Other Deposits		$	4,537,103
Time and Other Savings Deposits			615,672
Accrued Expenses and Reserve for Income Taxes			12,414,470
Promissory Note to BNY Co. Inc.			28,000,000
Other Liabilities			469,871
	TOTAL LIABILITIES	$	46,037,116
SHAREHOLDERS' EQUITY
Common Stock, no par value; authorized and outstanding, 1,000 shares		$	1,000,000
Contributed Surplus			199,205,032
Retained Earnings			29,507,165
	TOTAL SHAREHOLDERS' EQUITY	$	229,712,197
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		$	275,749,313

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BNY WESTERN TRUST COMPANY Statement of Financial Condition As of October 31, 2001