EFTA01507105

05 12004 JPMorgan Chase Bank 345 Park Avenue, New York. NY 10154-1002 JPMorgan Private Bank Account Number Page 48 of 78 C May 01, 2004 - May 31, 2004 Account Transactions by Currency Pound Sterling Activity Summary Amount this Pitriod ATOM' to Oats Beginning Balance Credits .00 Sales, Maturities, Redemptions 13,000,000.00 Foreign Exchange 23,000,000 00 108,700,000.00 Debits Foreign Exchange - 22,999,999.86 -121,699,999.86 Ending Balance .14 Foreign Exchange Gains/Losses 111,166.38 Pound Sterling Activity by Date Sonl•mtnt Date °WNW oesarorton Amine° GairVLOSS USD Amount Amount USD May 7 Fwd FX Ctrct - 8,887,000 SETTLE FORWARD CURRENCY CONTRACT 5,000,000.00 8,930,963.65 BUY GBP SELL USD CONTRACT RATE : 1.777400000 TRADE 4/21/04 VALUE 5/07/04 May 7 Fwd FX Ctrct 5,735.67 SETTLE FORWARD CURRENCY CONTRACT - 3,212.00 - 5,737.25 BUY USD SELL GBP CONTRACT RATE : 1.785700000 TRADE 4/26/04 VALUE 5/07/04 May 7 Fwd FX Ctrct 968327,520 SETTLE FORWARD CURRENCY CONTRACT -0.01 - 4,996,787.86 - 8,925,226.14 BUY JPY SELL GBP CONTRACT RATE : 193.790000000 TRADE 4/26/04 VALUE 5/07/04 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00032099 SDNY_GM_00301297 EFTA01507105