EFTA01506832

03 JPMorgan Chase Bank 2004 345 Park Avenue. New York. NY 10154-1002 Account Number: FINANCIAL TRUST COMPANY INC Asset Account Portfolio March 01, 2004 - March 31, 2004 JPMorgan Private Bank Page 22 of 88 Foreign Exchange Contracts continued Settlement TrEM One an Cunene Amount Counter Cunene Counter Amount Conant Rate Current Marne; Forward Rate Markel Van* Receivables USD Market Value Fe yebin USO Unrealized Sernitoss USO Mar 11 04 Mar. 15 05 NZD 5,000,000.00 USD - 3,102,500.00 0.6205 0.639188 3,195,938.58 3,102,500.00 93,438.58 Mar. 23 04 Mar. 15 05 NZD - 5,000,000.00 USD 3,170,500.00 0.6341 0.639188 3,170,500.00 3,195,938.58 - 25,438.58 Total Closed 0.00 - 125,000.00 59,024,092.92 59,149,092.93 - 125,000.01 TRADE RELATED N ZEALAND DOLLAR - U S DOLLAR Mar 30 04 Apr. 104 NZD 10,000,000,00 USD - 6,588,000.00 0.6588 1.517911 6,588,000.00 6,588,000 00 0.00 Mar 30 04 Apr. 104 NZD 10,000,000.00 USD - 6,530,000.00 0.653 1.531394 6,530,000.00 6,530,000.00 0.00 Total Open 20,000,000.00 - 13,118,000.00 13,118,000.00 13,118,000.00 0.00 Total Foreign Exchange Contracts 396,677,981.57 397,160,616.15 - 482,634.58 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00031821 SDNY_GM_00301019 EFTA01506832