EFTA01507079

05 INN Account Number: FINANCIAL TRUST COMPANY INC JPMorgan Chase Bank 345 Park Avenue. New York, NY 10154-1002 Asset Account Portfolio May 01, 2004 - May 31, 2004 JPMorgan Private Bank Page 18 of 76 Foreign Exchange Contracts continued Settlement Traci* One One Current Amount Counter Cunene Counter Amount Comsat Rate Current AMA« Forward RIM Meet Value Receivables VSO Market Value Pa Wes (SO unrealized Chances WO Apr. 23 04 Oct 20 04 GBP 3,000,000.00 USD - 5,232,300 00 1.7441 1.810108 5,430,324.58 5.232,300.00 198,024.58 Total Open 0.00 - 17,700.00 50,069,050.45 50,358,914.82 - 289,864.37 Total 0.00 - 49,700.00 159,608,979.41 159,930,843.78 - 321,864.37 HUNGARIAN FORINT - U S DOLLAR May. 12 04 Jun. 14 04 HUF - 1,396,450,000.00 USD 6,478,242.71 215.56 206.829810 6,478,242 71 6,751,686.32 - 273.443.61 May. 17 04 Jun. 14 04 HUF - 297,770,000.00 USD 1,394,968.61 213.46 206.829810 1,394,968 61 1,439,686 08 - 44,717.47 Apr. 27 04 Oct 20 04 HUF 1,059.940,000.00 USD - 4,803.280 91 220.67 213.779408 4,958,101 47 4,803,280 91 154,820.56 Apr. 28 04 Oct. 20 04 HUF 634,280,000.00 USD - 2,859,564.49 221.81 213.779408 2,966,983.60 2,859,564.49 107,419.11 Total Open 0.00 210,365.92 15,798,296.39 15,854,217.80 - 55,921.41 JAPANESE YEN - U S DOLLAR May. 18 04 Jun. 15 04 JPY - 567,850,000.00 USD 5,000,000.00 113.57 110.47286 5,000,000.00 5,140,176.49 - 140,176.49 May. 27 04 Jun. 15 04 JPY 49,800,000.00 USD - 445,438.28 111.80 110.47286 450,789.45 445,438.28 5,351.17 Apr. 16 04 Oct. 20 04 JPY 1,076,700,000.00 USD - 10,000,000.00 107.67 109.865589 9,800,156.77 10,000,000.00 - 199,843.23 May. 25 04 Oct. 20 04 JPY - 558,650,000.00 USD 5,000,000.00 111.73 109.865589 5,000,000.00 5,084,849.61 - 84,849.61 Total Open 0.00 - 445,438.28 20,250,946.22 20,670,464.38 - 419,518.16 N ZEALAND DOLLAR U S DOLLAR Mar. 304 Jun. 804 NZD 15,000,000.00 USD - 9,943,500.00 0.6629 0.627703 9,415,549.56 9,943,500.00 - 527,950.44 Mar. 4 04 Jun. 804 NZD 15,000,000.00 USD - 9,900,000.00 0.66 0.627703 9,415,549.56 9,900,000.00 - 484,450.44 Mar. 16 04 Jun. 804 NZD - 10,000,000.00 USD 6,450,000.00 0.645 0.627703 6.450,000.00 6,277,033.04 172,966.96 Mar. 22 04 Jun. 804 NZD - 20,000,000.00 USD 13,118,000.00 0.6559 0.627703 13,118,000.00 12,554,066.08 563,933.92 Feb. 20 04 Aug. 24 04 NZD 5.000,000.00 USD - 3,315,000.00 0.663 0.621507 3,107,536.90 3,315,000.00 - 207,463.10 Feb. 23 04 Aug. 24 04 NZD 5,000,000.00 USD - 3,344,500.00 0.6689 0.621507 3,107,536.90 3,344,500.00 - 236,963.10 Mar. 204 Aug. 24 04 NZD - 10,000,000.00 USD 6,742,000.00 0.6742 0.621507 6,742,000.00 6,215,073.80 526,926.20 Mar. 11 04 Mar. 15 05 NZD 5,000,000.00 USD - 3,102,500.00 0.6205 0.608080 3,040,398.89 3,102,500.00 - 62,101.11 Mar. 23 04 Mar. 15 05 NZD - 5,000,000.00 USD 3,170,500.00 0.6341 0.608080 3,170,500.00 3,040,398.89 130,101.11 Total Closed 0.00 - 125,000.00 57,567,071.81 57,692,071.81 - 125,000.00 May. 11 04 Jun. 14 04 NZD - 5,000,000.00 USD 3,017,000.00 0.6034 0.627218 3,017,000.00 3,136,091.41 - 119,091.41 May. 12 04 Jun. 14 04 NZD - 5,000,000.00 USD 3,033,500.00 0.6067 0.627218 3,033,500.00 3,136,091.41 - 102,591.41 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00032069 SDNY_GM_00301267 EFTA01507079