EFTA01507137

05 12004 Account Number: Q FINANCIAL TRUST COMPANY INC Portfolio Summary Excep4 fee SheDeposit Steak»! (1Neeled). sod the cosh in Tow Asset Aixount which *reinsured doom* w.reseca none oilers insesSnanft relined Po nth t Milsmont of your Asset Accaint incluAns muftis? funds in FCC 'mind ct bank moan °omens of ot guaranteed by MACH Of any Of oh Dank or earrireern (inina offienviss melabs1) Such seamen MW oaw ~Why* ors subsea* hvontrrighil nhess incluch% possible kiss cl Me ~pool amount awssktel Ss* 'tinniest Informsbon about your MU& &singe Account's! the end of ft. Asset Account ~so JPMorgan Chase Bank 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio May 01, 2004 - May 31, 2004 JPMorgan Private Bank Page 4 of 78 Overview Cash & Short Term Equities Other Options Total Foreign Exchange Accrued Income Total Portfolio Value Current Marker VS* UW May 3I Prior ~104 Manioc Moo USO APT SO Tax Cost USO Estimated Annual Income USO held % 83,997,122.82 44,046,049.07 83,963,741 34 727,607.61 0.9 13,465,312.74 14,033,368.12 0.0 - 3,757,741.98 43,883,275.14 0.0 - 5,467,207.26 - 5,384,132.62 - 1,586,179.06 N/A N/A 88,237,486.32 96,578,559.71 82,377,562.28 727,807.81 0.8 - 2,608.629.38 - 1,265,387.34 42,497.15 32,972.80 85,671,354.09 95,346,145.17 Asset Allocation 82% Cash and Short Term 14% Equities E l 4% Other Market value of Options is not included in pie chart. Income Summary Dividends Total This Period USIS 32,972.80 32,972.80 Year to Date USO 140,235.85 140,235.85 Net Gain/Loss Summary Resent This Pen'« USD Reared Yeasts Chas USD• Unrealized use, Net Short Term Gain/Loss - 1,087,115.91 9,835,918.18 - 3,545,173.63 Net Long Term Gain/Loss - 302,473.08 Total - 1,087,115.91 9,835,918.18 - 3,847,646.71 'Year to date information is calculated on a calendar year basis. Exchange Rates Spot Rates as of May 31. 2004 Cunoncy AUD EUR Exchange Rare 0.7136 1.2212 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00032133 SDNY_GM_00301331 EFTA01507137