<PAGE>


THE MILLBURN GLOBAL
OPPORTUNITY FUND L.P.
FINANCIAL STATEMENTS
FOR THE YEARS ENDED
DECEMBER 31, 2000, 1999 AND 1998

<PAGE>


THE MILLBURN GLOBAL OPPORTUNITY FUND L.P.
INDEX
--------------------------------------------------------------------------------


<TABLE>
<CAPTION>
                                                                                           PAGES

<S>                                                                                       <C>
Affirmation of Millburn Ridgefield Corporation                                              F-1

Report of Independent Accountants                                                           F-2

Financial Statements:
   Statements of Financial Condition at December 31, 2000 and 1999                          F-3

   Statements of Operations for the Years Ended December 31, 2000, 1999 and 1998            F-4

   Statements of Changes in Partners' Capital for the Years Ended
      December 31, 2000, 1999 and 1998                                                      F-5

   Notes to Financial Statements                                                          F-6-F-9
</TABLE>

<PAGE>


THE MILLBURN GLOBAL OPPORTUNITY FUND L.P.
AFFIRMATION OF MILLBURN RIDGEFIELD CORPORATION
--------------------------------------------------------------------------------


In compliance with the Commodity Futures Trading Commission's regulations, I
hereby affirm that to the best of my knowledge and belief, the information
contained in the statements of financial condition of The Millburn Global
Opportunity Fund L.P., at December 31, 2000 and 1999 and the related statements
of operations and of changes in partners' capital for the years ended December
31, 2000, 1999 and 1998 are complete and accurate.


HARVEY BEKER, CO-CHIEF EXECUTIVE OFFICER
MILLBURN RIDGEFIELD CORPORATION
GENERAL PARTNER OF THE MILLBURN GLOBAL OPPORTUNITY FUND L.P.

<PAGE>


                        REPORT OF INDEPENDENT ACCOUNTANTS


To the Partners of
The Millburn Global Opportunity Fund L.P.:


In our opinion, the accompanying statements of financial condition and the
related statements of operations and of changes in partners' capital present
fairly, in all material respects, the financial position of The Millburn Global
Opportunity Fund L.P. at December 31, 2000 and 1999, and the results of its
operations for each of the three years in the period ended December 31, 2000, in
conformity with accounting principles generally accepted in the United States of
America. These financial statements are the responsibility of the management of
the General Partner; our responsibility is to express an opinion on these
financial statements based on our audits. We conducted our audits of these
financial statements in accordance with auditing standards generally accepted in
the United States of America, which require that we plan and perform the audit
to obtain reasonable assurance about whether the financial statements are free
of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements, assessing
the accounting principles used and significant estimates made by management, and
evaluating the overall financial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.


                                           PricewaterhouseCoopers LLP

February 27, 2001

<PAGE>


THE MILLBURN GLOBAL OPPORTUNITY FUND L.P.                                    F-3
STATEMENTS OF FINANCIAL CONDITION
AT DECEMBER 31, 2000 AND 1999
--------------------------------------------------------------------------------


<TABLE>
<CAPTION>
ASSETS                                                                2000          1999
<S>                                                                <C>          <C>

Equity in trading accounts:
  Cash                                                             $  224,815   $   361,070
  Investments in U.S. Treasury bills - at value (amortized cost
    $1,514,953 and $3,781,630 at December 31, 2000 and 1999,
    respectively) (Note 2)                                          1,514,953     3,781,630
  Investments in U.S. Treasury notes - at value (cost
    $2,523,281 and $0 at December 31, 2000 and 1999,
    respectively) (includes investments valued at $603,000
    pledged as trading collateral) (Note 2)                         2,546,906          --
  Net unrealized appreciation on open contracts                       999,019       544,627
                                                                   ----------   -----------
        TOTAL EQUITY IN TRADING ACCOUNTS                            5,285,693     4,687,327

Investments in U.S. Treasury bills - at value (amortized cost
  $1,833,893 and $487,312 at December 31, 2000 and 1999,
  respectively) (Note 2)                                            1,833,893       487,312
Investments in U.S. Treasury notes - at value (cost $990,625
  and $0 and December 31, 2000 and 1999, respectively) (Note 2)       998,125          --
Money market fund                                                     308,615     7,327,885
Accrued interest receivable                                            45,850          --
                                                                   ----------   -----------
        TOTAL ASSETS                                               $8,472,176   $12,502,524
                                                                   ==========   ===========

LIABILITIES AND PARTNERS' CAPITAL

Accounts payable and accrued expenses                              $   51,826   $    45,881
Redemptions payable to limited partners (Note 6)                       68,207       246,833
Accrued brokerage commissions                                          48,088        69,100
                                                                   ----------   -----------
        TOTAL LIABILITIES                                             168,121       361,814
                                                                   ----------   -----------
Partners' capital (Notes 3, 6 and 7):
  General Partner                                                   1,141,446     1,148,788
  Limited Partners, (5,415.782 and 7,601.967 Limited Partnership
    Units outstanding in 2000 and 1999, respectively)               7,162,609    10,991,922
                                                                   ----------   -----------
        TOTAL PARTNERS' CAPITAL                                     8,304,055    12,140,710
                                                                   ----------   -----------
        TOTAL LIABILITIES AND PARTNERS' CAPITAL                    $8,472,176   $12,502,524
                                                                   ==========   ===========
</TABLE>


                See accompanying notes to financial statements.

<PAGE>


THE MILLBURN GLOBAL OPPORTUNITY FUND L.P.                                    F-4
STATEMENTS OF OPERATIONS
FOR THE YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
--------------------------------------------------------------------------------


<TABLE>
<CAPTION>
                                                           2000           1999           1998
<S>                                                    <C>            <C>            <C>
Income  (Note 2):
  Net gains (losses) on trading of futures, forwards
    and option contracts:
      Realized gains (losses):
        Futures and forwards                           $(1,344,931)   $   180,566    $   821,472
        Options                                               --             --          156,275
                                                       -----------    -----------    -----------
                                                        (1,344,931)       180,566        977,747
                                                       -----------    -----------    -----------
      Change in unrealized appreciation
        (depreciation):
          Futures and forwards                             454,392        303,991       (243,365)
          Options                                             --             --          (43,786)
                                                       -----------    -----------    -----------
                                                           454,392        303,991       (287,151)
                                                       -----------    -----------    -----------
                                                          (890,539)       484,557        690,596
      Less, brokerage fees (Note 3)                        656,725      1,062,865      1,299,470
                                                       -----------    -----------    -----------
        NET REALIZED AND UNREALIZED LOSSES
          ON TRADING OF FUTURES, FORWARD
          AND OPTION CONTRACTS                          (1,547,264)      (578,308)      (608,874)

  Net gains from U.S. Treasury Obligations:
    Realized gains                                           2,384           --             --
    Unrealized appreciation                                 31,125           --             --
                                                       -----------    -----------    -----------
        TOTAL NET REALIZED AND UNREALIZED
          LOSSES                                        (1,513,755)      (578,308)      (608,874)

  Interest income                                          517,863        654,566        886,163
  Foreign exchange loss                                     (4,535)       (20,559)       (44,208)
                                                       -----------    -----------    -----------
                                                        (1,000,427)        55,699        233,081
  Expenses (Note 3):
    Administrative expenses                                 78,491         79,547         86,250
                                                       -----------    -----------    -----------
        NET INCOME (LOSS)                               (1,078,918)       (23,848)       146,831

  Less profit share to General Partner (Note 3)               --           77,599           --
                                                       -----------    -----------    -----------
        NET INCOME (LOSS) FOR PRO RATA
          ALLOCATION TO PARTNERS                       $(1,078,918)   $  (101,447)   $   146,831
                                                       ===========    ===========    ===========
        NET INCOME (LOSS) PER LIMITED
          PARTNERSHIP UNIT (NOTE 7)                    $   (123.39)   $    (33.38)   $     15.81
                                                       ===========    ===========    ===========
</TABLE>


                See accompanying notes to financial statements.

<PAGE>


THE MILLBURN GLOBAL OPPORTUNITY FUND L.P.                                    F-5
STATEMENTS OF CHANGES IN PARTNERS' CAPITAL
FOR THE YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
--------------------------------------------------------------------------------


<TABLE>
<CAPTION>
                                                      LIMITED         GENERAL
                                                      PARTNERS        PARTNER         TOTAL
                                                    ------------    -----------    ------------
<S>                                                 <C>             <C>            <C>
  PARTNERS' CAPITAL AT DECEMBER 31, 1997            $ 17,586,032    $   979,861    $ 18,565,893

Net income for allocation to partners                     50,768         96,063         146,831

Redemptions (2,666.995 Limited Partnership Units)     (3,806,191)          --        (3,806,191)
                                                    ------------    -----------    ------------

  PARTNERS' CAPITAL AT DECEMBER 31, 1998              13,830,609      1,075,924      14,906,533

Net income (loss) for allocation to partners            (174,311)        72,864        (101,447)

Redemptions (1,747.420 Limited Partnership Units)     (2,664,376)          --        (2,664,376)
                                                    ------------    -----------    ------------

  PARTNERS' CAPITAL AT DECEMBER 31, 1999              10,991,922      1,148,788      12,140,710

Net loss for allocation to partners                   (1,071,576)        (7,342)     (1,078,918)

Redemptions (2,186.185 Limited Partnership Units)     (2,757,737)          --        (2,757,737)
                                                    ------------    -----------    ------------

  PARTNERS' CAPITAL AT DECEMBER 31, 2000            $  7,162,609    $ 1,141,446    $  8,304,055
                                                    ============    ===========    ============
</TABLE>


                See accompanying notes to financial statements.

<PAGE>


THE MILLBURN GLOBAL OPPORTUNITY FUND L.P.                                    F-6
NOTES TO FINANCIAL STATEMENTS
--------------------------------------------------------------------------------


1.   PARTNERSHIP ORGANIZATION

     The Millburn Global Opportunity Fund L.P. (the "Partnership") was organized
     under the Delaware Revised Uniform Limited Partnership Act on July 9, 1992.
     The Partnership is engaged in speculative trading in currency forward and
     financial futures contracts and related options. The instruments that are
     traded by the Partnership are volatile and involve a high degree of risk.

     The General Partner has agreed to make additional capital contributions as
     General Partner so that its capital contributions to the Partnership will
     equal at least 1% of the total contributions to the Partnership. There are
     50,000 Limited Partnership Units ("Units") authorized.

     The General Partner and each limited partner share in the profits and
     losses of the Partnership, except for brokerage fees and profit-share
     allocation, on the basis of their proportionate interests of Partnership
     capital determined before brokerage fees and profit share (see Note 3),
     except that no limited partner shall be liable for obligations of the
     Partnership in excess of his initial capital contribution and profits, if
     any, net of distributions.

2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     A.   INVESTMENTS

          Open options, futures and forward contracts are valued at market
          value. Realized gains (losses) and changes in unrealized values on
          futures, forward and option contracts are recognized in the periods in
          which the contracts are closed or the changes occur, and are included
          in net gains (losses) on trading of futures, forward and option
          contracts.

          Investments in U.S. Treasury bills are valued at cost plus amortized
          discount which approximates value. Investments in U.S. Treasury notes
          are valued at market value. Such securities are normally on deposit
          with financial institutions as collateral for performance of the
          Partnership's trading obligations or held for safekeeping in a custody
          account.

     B.   FOREIGN CURRENCY TRANSLATION

          Assets and liabilities denominated in foreign currencies are
          translated at quoted prices of such currencies at year end. Purchases
          and sales of investments are translated at the exchange rate
          prevailing when such transactions occurred.

     C.   INCOME TAXES

          Income taxes have not been provided, as each partner is individually
          liable for the taxes, if any, on his share of the Partnership's income
          and expenses.

     D.   ESTIMATES

          The preparation of financial statements in conformity with generally
          accepted accounting principles requires management to make estimates
          and assumptions that affect the reported amounts of assets and
          liabilities and disclosure of contingent assets and liabilities at the
          date of the financial statements and reported amounts of revenues and
          expenses during the period. Actual results could differ from those
          estimates.

<PAGE>


THE MILLBURN GLOBAL OPPORTUNITY FUND L.P.                                    F-7
NOTES TO FINANCIAL STATEMENTS
--------------------------------------------------------------------------------


     E.   RIGHT OF OFFSET

          The customer agreements between the Partnership and brokers give the
          Partnership the legal right to net unrealized gains and losses.
          Unrealized gains and losses related to transactions with these brokers
          are reflected on a net basis in the equity in trading accounts in the
          statements of financial condition.

3.   LIMITED PARTNERSHIP AGREEMENT

     The Limited Partnership Agreement provides that the General Partner shall
     control, conduct and manage the business of the Partnership, and may make
     all trading decisions for the Partnership. The General Partner also pays
     from its own funds, selling commissions on all sales of Units.

     The Partnership will pay the General Partner brokerage fees equal to .6875
     of 1% (an 8.25% annual rate) of month-end Net Assets, as defined in the
     Limited Partnership Agreement, except those equal to the General Partner's
     partnership interest. The General Partner shall bear any commissions and
     fees payable to clearing and third party brokers.

     The Partnership will deduct from the limited partners' capital accounts and
     add to the General Partner's capital account 17.5% of any New Trading
     Profit, as defined in the Limited Partnership Agreement, as of the end of
     each calendar quarter, based on the performance of the Partnership.

     The Partnership pays all routine legal, accounting, administrative,
     printing and similar costs associated with its operation, excluding any
     indirect expenses of the General Partner.

     The Partnership will terminate on December 31, 2022 or if its Net Assets
     decline to less than $250,000 or upon the occurrence of certain other
     events as defined in the Limited Partnership Agreement.

4.   TRADING ACTIVITIES

     All of the derivatives owned by the Partnership, including options, futures
     and forwards, are held for trading purposes. The results of the
     Partnership's trading activity are shown in the statements of operations.
     The fair value of the derivative financial instruments at December 31, 2000
     and 1999 was $999,019 and $544,627, respectively.

     At December 31, 2000 and 1999, cash, treasury notes and treasury bills
     aggregating $4,286,674 and $4,142,700, respectively, included in the
     Partnership's equity in trading accounts were held in segregated accounts
     as required by U.S. Commodity Futures Trading Commission regulations or by
     the counterparty bank or broker. Such collateral can be sold or repledged
     by the counterparties.

5.   DERIVATIVE INSTRUMENTS

     The Partnership is party to financial instruments in the normal course of
     its business. These instruments include forwards, futures and options,
     whose value is based upon an underlying asset, index, or reference rate,
     and generally represent future commitments to exchange currencies or cash
     flows, or to purchase or sell other financial instruments at specific terms
     at specified future dates. These instruments may be traded on an exchange
     or over-the-counter. Exchange traded instruments are standardized and
     include futures and certain options. Each of these instruments is subject
     to various risks similar to those related to the underlying instruments
     including market and credit risk.

<PAGE>


THE MILLBURN GLOBAL OPPORTUNITY FUND L.P.                                    F-8
NOTES TO FINANCIAL STATEMENTS
--------------------------------------------------------------------------------


     Market risk is the potential change in the value of the financial
     instruments traded by the Partnership due to market changes, including
     interest and foreign exchange rate movements and fluctuations in futures or
     security prices. Market risk is directly impacted by the volatility and
     liquidity in the markets in which the related underlying assets are traded.
     The Partnership's risk of loss due to market risk may exceed the related
     amounts presented in the statements of financial condition.

     Credit risk is the possibility that a loss may occur due to the failure of
     a counterparty to perform according to the terms of a contract. Credit risk
     is normally reduced to the extent that an exchange or clearing organization
     acts as a counterparty to futures or options transactions, since typically
     the collective credit of the members of the exchange is pledged to support
     the financial integrity of the exchange. In the case of over-the-counter
     transactions, the Partnership must rely solely on the credit of the
     individual counterparties. The Partnership's risk of loss in the event of
     counterparty default is typically limited to the amounts recognized in the
     statement of financial condition, not to the contract or notional amounts
     of the instruments.

     The Partnership has limited concentration risk as it executes trades and
     maintains accounts with several brokers.

     The fair value of the Partnership's derivative financial instruments at
     December 31, 2000 and 1999 is detailed below:

<TABLE>
<CAPTION>
                                                 UNREALIZED APPRECIATION
                                              -----------------------------
                                                 GROSS               NET
                                              ----------           --------
<S>                                           <C>                  <C>
     DECEMBER 31, 2000:
       Exchange traded                        $  575,563           $521,485
       Non-exchange traded                       588,267            477,534
                                              ----------           --------
                                              $1,163,830           $999,019
                                              ----------           --------
     DECEMBER 31, 1999:
       Exchange traded                        $  496,395           $491,639
       Non-exchange traded                       197,811             52,988
                                              ----------           --------
                                              $  694,206           $544,627
                                              ----------           --------
</TABLE>

6.   REDEMPTIONS

     Units may be redeemed, at the option of any Limited Partner, as of the
     close of business on the last day of any month on ten days' prior notice to
     the General Partner, provided that no Units may be redeemed prior to the
     end of the third full calendar month after the sale of such Units.

<PAGE>


THE MILLBURN GLOBAL OPPORTUNITY FUND L.P.                                    F-9
NOTES TO FINANCIAL STATEMENTS
--------------------------------------------------------------------------------


7.   NET ASSET VALUE PER UNIT

     Changes in net asset value per Unit, based on average units outstanding,
     during the years ended December 31, 2000, 1999 and 1998 were as follows:

<TABLE>
<CAPTION>
                                                                  2000              1999              1998
<S>                                                            <C>               <C>               <C>
     Net realized and unrealized losses                        $ (184.10)        $  (84.10)        $  (48.57)
     Interest income                                               72.08             70.61             75.71
     Foreign exchange loss                                         (0.31)            (2.12)            (3.95)
     Profit share expense                                           --               (9.12)             --
     Administrative expenses                                      (11.06)            (8.65)            (7.38)
                                                               ---------         ---------         ---------
                  NET INCOME (LOSS) PER UNIT                     (123.39)           (33.38)            15.81

     Net asset value per unit, beginning of year                1,445.93          1,479.31          1,463.50
                                                               ---------         ---------         ---------
                  NET ASSET VALUE PER UNIT, END OF YEAR        $1,322.54         $1,445.93         $1,479.31
                                                               =========         =========         =========
</TABLE>