EFTA01507106

05 12004 Account Number: FINANCIAL TRUST COMPANY INC May 01, 2004 - May 31, 2004 JPMorgan Chase Bank 345 Park Avenue, New York, NY 10154-1002 JPMorgan Private Bank Asset Account Portfolio Page 49 of 78 Pound Sterling Activity by Date continued Settlement Date lype Quantity May 13 Fwd FX Ctrct May 13 Fwd FX Ctrct May 13 Spot FX May 13 Spot FX May 18 Fwd FX Ctrct May 18 Spot FX 17,911,000 5,386.800 - 14,044,800 - 8,778,000 8,767,500 - 8,838,000 °madden Realized Gamlen USD Amount Amount USD SETTLE FORWARD CURRENCY CONTRACT 76,019.74 - 10,000,000.00 - 17,632,019.74 BUY USD SELL GBP CONTRACT RATE : 1.791100000 TRADE 5/04,04 VALUE 5/13/04 SETTLE FORWARD CURRENCY CONTRACT 22,805.92 - 3,000,000.00 - 5.289.605.92 BUY USD SELL GBP CONTRACT RATE : 1.795600000 TRADE 5/06/04 VALUE 5(13/04 SPOT CURRENCY TRANSACTION - BUY 8,000,000.00 14,044,800.00 BUY GBP SELL USD SPOT RATE : 1.755600000 TRADE 5/11/04 VALUE 5/13/04 POUND STERLING U S DOLLAR SPOT CURRENCY TRANSACTION - BUY 5,000,000.00 8,778,000.00 BUY GBP SELL USD SPOT RATE : 1.755600000 TRADE 5/11/04 VALUE 5/13/04 POUND STERLING U S DOLLAR SETTLE FORWARD CURRENCY CONTRACT 12,340.73 - 5,000,000.00 - 8,850,340.73 BUY USD SELL GBP CONTRACT RATE : 1.753500000 TRADE 5/11/04 VALUE 5/18/04 SPOT CURRENCY TRANSACTION - BUY 5,000,000.00 8,838,000.00 BUY GBP SELL USD SPOT RATE : 1.767600000 TRADE 5/17/04 VALUE 5/18/04 POUND STERLING U S DOLLAR Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00032100 SDNY_GM_00301298 EFTA01507106