Exhibit (a)(1)-5 Merced Partners Limited Partnership Statement of Financial Condition November 30, 2003 (Unaudited) ASSETS Cash and cash equivalents $ 11,107,565 Accounts receivable 351,698,520 Securities owned, at fair value 630,359,623 Other assets 160,011 ------------ Total Assets $993,325,719 ============ LIABILITIES AND PARTNERS' CAPITAL Securities sold but not yet purchased, at fair value $258,622,681 Accounts payable and other liabilities 37,112,161 ------------ Total Liabilities $295,734,842 Partners' capital 697,590,877 ------------ Total Liabilities and Partners' Capital $993,325,719 ============ Merced Partners Limited Partnership Statement of Financial Condition September 30, 2003 (Unaudited) ASSETS Cash and cash equivalents $114,527,361 Accounts receivable 216,657,202 Securities owned, at fair value 571,882,832 Other assets 207,785 ------------ Total Assets $903,275,180 ============ LIABILITIES AND PARTNERS' CAPITAL Securities sold but not yet purchased, at fair value $241,770.330 Accounts payable and other liabilities 21,258,338 ------------ Total Liabilities $263,028,668 Partners' capital 640,246,512 ------------ Total Liabilities and Partners' Capital $903,275,180 ============ Merced Partners Limited Partnership Statement of Financial Condition June 30, 2003 (Unaudited) ASSETS Cash and cash equivalents $ 55,427,432 Accounts receivable 269,292,553 Securities owned, at fair value 577,417,239 Other assets 229,455 ------------ Total Assets $902,366,679 ============ LIABILITIES AND PARTNERS' CAPITAL Securities sold but not yet purchased, at fair value $270,916,146 Accounts payable and other liabilities 18,719,435 ------------ Total Liabilities $289,635,581 Partners' capital 612,731,098 ------------ Total Liabilities and Partners' Capital $902,366,679 ============ Merced Partners Limited Partnership Statement of Financial Condition March 31, 2003 (Unaudited) ASSETS Cash and cash equivalents $ 53,043,357 Accounts receivable 284,663,946 Securities owned, at fair value 509,134,707 Other assets 155,551 ------------ Total Assets $846,997,561 ============ LIABILITIES AND PARTNERS' CAPITAL Securities sold but not yet purchased, at fair value $266,092,990 Accounts payable and other liabilities 8,905,565 ------------ Total Liabilities $274,998,555 Partners' Capital 571,999,006 ------------ Total Liabilities and Partners' Capital $846,997,561 ============ Merced Partners Limited Partnership Statement of Financial Condition December 31, 2002 (Unaudited) ASSETS Cash and cash equivalents $ 52,790,243 Accounts receivable 239,444,183 Securities owned, at fair value 496,182,675 Other assets 246,882 ------------ Total Assets $788,663,983 ============ LIABILITIES AND PARTNERS' CAPITAL Securities sold but not yet purchased, at fair value $230,467,921 Accounts payable and other liabilities 33,130,343 ------------ Total Liabilities $263,598,264 Partners' capital 525,065,719 ------------ Total Liabilities and Partners' Capital $788,663,983 ============ Merced Partners Limited Partnership Statement of Income and Expenses Year Ended December 31, 2002 (Unaudited) Total gross trading revenue (loss) $78,497,257 less Operating expenses and fees 9,071,528 ----------- Net profit $69,425,729 =========== Merced Partners Limited Partnership Statement of Financial Condition December 31, 2001 (Unaudited) ASSETS Cash and cash equivalents $ 43,260,433 Accounts receivable 182,154,817 Securities owned, at fair value 323,758,809 Other assets 89,177 ------------ Total Assets $549,263,236 ============ LIABILITIES AND PARTNERS' CAPITAL Securities sold but not yet purchased, at fair value $174,715,251 Accounts payable and other liabilities 11,925,975 ------------ Total Liabilities $186,641,226 Partners' capital 362,622,010 ------------ Total Liabilities and Partners' Capital $549,263,236 ============ Merced Partners Limited Partnership Statement of Income and Expenses Year Ended December 31, 2001 (Unaudited) Total gross trading revenue (loss) $53,854,169 less Operating expenses and fees 5,512,226 ----------- Net profit $48,341,943 ===========