BOW STEARNS August 25, 2006 Financial Trust Company, Inc. Rubin/Lutz/Hersch Group 6100 Red Hook Quarter, Suite B-3 St. Thomas, Virgin Islands 00802 Re: Financial Trust Company, Inc. Dear Investor, Bear Stearns & 383 Madison Avenue New York, NY 10179 (212) 272-2000 www.bearstearns.com Thank you for your participation in the Bear Steams High-Grade Structured Credit Strategies Enhanced Leverage Fund, L.P. We would like to inform you that we have received your Subscription and Interest Exchange Agreements. Due to the pricing and transfer of securities involved in the roll-over, an official confirmation notice will not be mailed to you for another three weeks. We can confirm that 100% of your current holdings will roll-over from the Bear Steams High-Grade Structured Credit Strategies to the High-Grade Structured Credit Strategies Enhanced Leverage Fund. We appreciate your understanding. Please do not hesitate to contact your Bear Steams Account representative or Alternative Fund Services at Bear Steams Asset Management should you have any questions. Sincerely, Scar Stearns Asset Management Alternative Fund Services 383 Madison Avenue 30" Floor New York, New York 10179 (212)272.1630 (phone) (917)849-3018 (fax) tOS400SAILANTA I BUM I BOSTON I CHICAGO I DALLASI DENYBR I DUBLIN I KW Li TA I Nom; KONG I LONDON LOS ANOELES I LUGANO 1 NEW YORK I SAN FRANCISCO I SAN NAN I SAO PAULO I SEOUL I SHANGHAI I SINGAPORE I TOKYO EFTA01118509