EFTA01553575

03 2004 Confidential FINANCIAL TRUST COMPANY INC Page 1 of 88 J.P. Morgan Portfolios March 1 - March 31, 2004 Table of Contents Page Account Summary Asset Account Portfolio Margin Account Portfolio 0 JPMCB JPMSI 161121381 2 3 86 000000.0000.00.0000.000.000000000.000000 FINANCIAL TRUST COMPANY INC ATTN: JEFFREY E EPSTEIN C/O AMERICAN YACHT HARBOR 6100 RED HOOK, QUARTERS 483 ST THOMAS 00802 US VIRGIN ISLDS EFTA01553575 03 2004 Portfolio Summary FINANCIAL TRUST COMPANY INC March 01, 2004 - March 31, 2004 Page 2 of 88 Portfolio Summary Net Worth Summary Asset Portfolio USD Assets(Long) Cash s Short Term Equities Other Options Liabilities (Short) Cash S Short Term Other Options Total FE Gain/Loss Accrued Income Total Net Worth Income Summary Dividends Total 124,585,644.88 59,797,222.27 16,761,634.10 46,825,854.82 1,200,933.69 - 23,200,337.19 - 16,425,914.98 - 591,930.63 - 6,182,491.58 101,385,307.69 - 482,634.5836,048.08 100,938,721.19 Margin Portfolio USD 161121381 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 .00 0.00 0.00 124,585,644.88 59,797,222.27 16,761,634.10 46,825,854.82 1,200,933.69 - 23,200,337.19 - 16,425,914.98 - 591,930.63 - 6,182,491.58 101,385,307.69 - 482,634.5836,048.08 100,938,721.19 This Period 28,772.46 28,772.46 Year to Date 71,214.97 71,214.97 JPMorgan provides this Portfolio Summary for informational purposes. This summary includes informati on about assets held at JPMCB and JPMSI in accounts listed on the front page. Securities are not bank deposits or FDIC insured, are not obligations of or guaranteed by JPMCB or a EFTA01553576 ny of its bank of thrift affiliates (unless otherwise indicated), and are subject to investment risks, including possible loss of the pr incipal amount invested. Assets held in custody by JPMCB are not protected under the Securities Investor Protection Corporati on ("SIPC") insurance. Total USD EFTA01553577 03 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 3 of 88 Asset Account Portfolio March 1 - March 31, 2004 Table of Contents Portfolio Summary Cash and Short Term Equities Other Options Outstanding Foreign Exchange Contracts Trade Activity Account Transactions Account Officers D'ORAZIO/HORNAK Page 4 6 7 8 12 20 23 36 EFTA01553578 03 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 4 of 88 Overview Portfolio Summary Except for the Deposit Account (if elected), and the cash in your Asset Account, which are insured deposits with JPMCB, none of the investments referred to in this statement of your Asset Account, including mutual funds, are FDIC insured or bank deposits, obligations of or guaranteed by JPMCB or any of its bank or thrift affiliates (unless otherwise indicated). Such securities and other investments are subject to investment risks, including possible loss of the principal amount invested. See "Important Information about your JPMSI Brokerage Account" at the end of this Asset Account Portfolio. Asset Allocation 41% Cash and Short Term 16% Equities 43% Other Market Value USD Mar 31 Cash S Short Term Equities Other Options Total Foreign Exchange Accrued Income Total Portfolio Value 43,371,307.29 16,761,634.10 46,233,924.19 - 4,981,557.89 101,385,307.69 - 482,634.58 36,048.08 100,938,721.19 Income Summary Dividends Total Net Gain/Loss Summary Net Short Term Gain/Loss Net Long Term Gain/Loss Total Market Value USD Feb 29 46,883,245.43 15,345,496.04 48,492,597.02 - 7,756,491.30 102,964,847.19 1,476,821.65 28,772.46 104,470,441.30 Tax Cost USD 43,626,443.27 45,525,000.00 - 3,665,981.08 85,485,462.19 Estimated Annual Income USD 522,082.14 Yield 1.2 0.0 0.0 522,082.14 N/A N/A 0.5 This Period USD 28,772.46 28,772.46 Year to Date USD* EFTA01553579 71,214.97 71,214.97 Realized This Period USD Realized Year to Date USD* - 1,007,526.90 - 1,007,526.90 10,536,371.35 10,536,371.35 •Year to date information is calculated on a calendar year basis. Exchange Rates Spot Rates as of March 31, 2004 Market value of Options is not included in pie chart. Currency AUD EUR GBP Exchange Rate 0.7634 1.2289 1.8377 Unrealized USD - 766,637.26 - 293,700.12 - 1,060,337.38 EFTA01553580 03 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 5 of 88 Exchange Rates Spot Rates as of March 31, 2004 Currency HKD HUF MXN NOK NZD THB TWD Exchange Rate 7.7911 202.4537 11.1700 6.8659 0.6658 39.2900 32.9500 EFTA01553581 03 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 6 of 88 Cash and Short Term Summary by Maturity Current Market Value USD Adjusted Cash Balance Total 43,371,307.29 43,371,307.29 Estimated Annual Income USD 522,082.14 522,082.14 Current yield is displayed for instruments with no maturity and YTM on market is displayed for instr uments that mature. Cash and Short Term by Type Description Cusip/S&P/Moody's Rating Cash JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 7-Day Annualized Yield: .92% P N ZEALAND DOLLAR COST OF PENDING PURCHASES PROCEEDS FROM PENDING SALES Adjusted Cash Balance USD 46,737,222.27 1.00 1.00 46,737,222.27 46,737,222.27 36,048.08 NZD USD USD - 20,000,000 13,060,000 - 3,110,779 0.653 1.00 1.00 1.00 1.00 - 13,060,000.00 13,060,000.00 - 3,110,779.00 43,626,443.27 - 13,315,135.98 - 255,135.98 13,060,000.00 - 3,110,779.00 43,371,307.29 - 255,135.98 36,048.08 430,449.81 0.92 Currency/ Unit Cost Adjusted Account Type Quantity Original Market Price Tax Cost Adjusted Original Market Value USD Accrued Interest USD Unrealized Gain/Loss USD Estimated Current EFTA01553582 Annual Yield/ Income USD YTM % Current N/A 120,282.60 - 28,650.27 0.92 0.92 522,082.14 1.20 EFTA01553583 03 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 7 of 88 Equities Equity Holdings in Alphabetical Order Description Cusip/Symbol CurrenCyi Account Type Quantity unit Cost Current Market Price Tax Cost Current Market Value USD USD Accrued Dividends USD Estimated Unrealized Gain/Loss USD Annual Dividend Income USD Yield TOO INC 890333-10-7 TOO 800,078 are liened USD Total Equity 800,078 800,078 20.95 16,761,634.10 16,761,634.10 N/A 0.00 N/A 0.0 EFTA01553584 03 Other Swaps in Alphabetical Order Description WALT DISNEY CO EQUITY SWAP 24,954,900 USD NOTIONAL JAN 19 2005 DEAL REF t 2353480 SWPBDA-FL-1 N/0 Client WALT DISNEY CO TOTAL RETURN SWAP 11,920,650 USD NOTIONAL FEB 14 2005 DEAL REF t 2361214 SWPBDA-FV-9 N/0 Client INTEREST RATE SWAP 30,000,000 USD NOTIONAL 3/9/2014 REC FLOATING RATE QUARTERLY 3 MONTH LIBOR PAY: FIXED RATE SEMI-ANNUAL 4.205$ ACTUAL/360 SWPBDA-GJ-5 N/0 Client - 23,751.00 491,861.74 Trade Date Maturity Date Estimated Value USD - 142,495.63 JPMorgan Chase Bank 2004 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 8 of 88 EFTA01553585 03 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 9 of 88 Swaps in Alphabetical Order Description continued Trade Date INTEREST RATE SWAP 10,000,000 AUD NOTIONAL 3/9/2014 REC:FIXED RATE 5.72% AUD SEMI-ANNUAL PAY: FLOATING RATE AUD 3 MONTH BANK BILL RATE ACTUAL/365 SWPBDA-GV-8 N/0 Client INTEREST RATE SWAP 10,000,000 NZD NOTIONAL 3/9/2014 REC:FIXED RATE 6.14% NZD SEMI-ANNUAL PAY:FLOATING RATE NZD 3 MONTH BANK BILL RATE ACTUAL/365 SWPBDA-GW-6 N/O Client INTEREST RATE SWAP 10,000,000 AUD NOTIONAL 3/9/2014 REC:FIXED RATE 5.68% AUD SEMI-ANNUAL PAY:FLOATING RATE AUD 3 MONTH BANK BILL RATE ACTUAL/365 SWPBDA-GX-4 N/O Client INTEREST RATE SWAP 10,000,000 NZD NOTIONAL 3/9/2014 REC:FIXED RATE 6.11% NZD SEMI-ANNUAL PAY:FLOATING RATE NZD 3 MONTH BANK BILL RATE ACTUAL/365 SWPBDA-GY-2 N/O Client - 87,119.00 - 144,683.00 - 72,263.00 Maturity Date Estimated Value USD - 121,619.00 EFTA01553586 03 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 10 of 88 Swaps in Alphabetical Order Description continued Trade Date CROSS CURRENCY SWAP 10MM NZD NOTIONAL 6.51MM USD NOTIONAL 3/9/2014 REC: FIXED RATE 6.26% NZD SEMI-ANNUAL PAY: FLOATING RATE USD 3 MONTH LIBOR QUARTERLY SWPBDA-HA-3 N/0 Client CROSS CURRENCY SWAP 10MM AUD NOTIONAL 7.41MM USD NOTIONAL 3/9/2014 REC: FIXED RATE 5.84% AUD SEMI-ANNUAL PAY: FLOATING RATE USD 3 MONTH LIBOR QUARTERLY SWPBDA-HB-1 N/0 Client Structured Investments in Alphabetical Order Description 3 MONTH MXN BULLISH FX DEPOSIT 100% PRINCIPAL PROTECTED IN MXN JPMORGAN CHASE LONDON 5/3/2004 630998-9G-9 Bearer 3 MONTH HUF BULLISH FX DEPOSIT 100% PRINCIPAL PROTECTED IN HUF JPMORGAN CHASE LONDON 5/10/2004 630998-9H-7 Bearer Maturity Date Estimated Value USD 122,826.00 175,791.68 Market Value USD Unrealized Estimated Annual Currency Quantity MXN 110,500,000 Unit Cost 100.00 PriCe/Unit 100.2373 Tax Cost 10,000,000.00 Accrued Income USD 9,916,137.40 Gain/Loss USD - 83,862.60 Income USD Yield % N/A HUF 2,120,000,000 100.00 104.709 10,000,000.00 10,965,700.00 965,700.00 N/A EFTA01553587 03 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 11 of 88 Structured Investments in Alphabetical Order Description 3 MONTH NZD BULLISH FX DEPOSIT 100% PRINCIPAL PROTECTED IN NZD JPMORGAN CHASE LONDON 5/10/2004 630998-9T-1 Bearer 3 MONTH EUR BULLISH FX DEPOSIT 100% PRINCIPAL PROTECTED IN EUR JPMORGAN CHASE LONDON 5/04/2004 630998-9U-8 Bearer Total Other continued Market Value USD Currency NZD Quantity 10,000,000 Unit Cost 100.00 PriCS/Unit 100.3504 Tax Cost 6,775,000.00 Accrued Income USD 6,680,909.00 Unrealized Estimated Annual Gain/Loss USD - 94,091.00 Income USD Yield N/A EUR 15,000,000 100.00 100.2139 18,750,000.00 18,472,629.00 - 277,371.00 N/A 2,255,500,000 45,525,000.00 46,233,924.19 510,375.40 EFTA01553588 03 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 12 of 88 Options Foreign Exchange Description Cusip HUF PUT USD CALL FX EUROPEAN STYLE OPTION SEP 16, 2004 @ 211. KNOCK IN @ 220 XHUFPA-AI-2 HUF PUT USD CALL FX EUROPEAN STYLE OPTION SEP 16, 2004 @ 212. KNOCK IN @ 220 XHUFPA-AJ-2 GBP PUT USD CALL FX EUROPEAN STYLE OPTION APR 22, 2004 @ 1.84 KNOCK IN TRIGGERED @ 1.8250 XGBPPA-GV-Z GBP CALL USD PUT FX EUROPEAN STYLE OPTION MAY 24, 2004 @ 1.85 KNOCK IN @ 1.87 XGBPCA-HX-2 EUR CALL CHF PUT FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.565 XEURCA-VS-2 EUR - 10,000,000 CHF - 15,650,000.00 USD - 38,273.00 - 38,273.00 - 43,821.50 - 5,548.50 GBP - 5,000,000 USD - 9,250,000.00 USD - 94,350.00 - 94,350.00 - 101,377.65 - 7,027.65 GBP - 15,000,000 USD - 27,600,000.00 USD - 300,840.00 - 300,840.00 - 350,881.50 - 50,041.50 HUF -1,696,000,000 USD - 8,000,000.00 USD - 424,000.00 - 424,000.00 - 305,263.04 118,736.96 Counter Amount Currency Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD HUF -1,002,250,000 USD - 4,750,000.00 USD - 277,875.00 - 277,875.00 - 189,575.59 88,299.41 EFTA01553589 03 Cusip JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 13 of 88 Foreign Exchange Description EUR PUT CHF CALL FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.55 XEURPA-NV-Z EUR PUT CHF CALL FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.525 KNOCK IN @ 1.52 XEURPA-NW-2 EUR CALL CHF PUT FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.565 XEURCA-VR-2 EUR PUT CHF CALL FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.55 XEURPA-NS-2 EUR PUT CHF CALL FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.525 KNOCK IN @ 1.52 XEURPA-NT-2 NOK CALL USD PUT FX EUROPEAN STYLE OPTION APR 28, 2004 @ 6.85 KNOCK IN @ 6.75 XNOKCA-CG-2 NOK - 102,750,000 USD - 15,000,000.00 USD - 121,500.00 - 121,500.00 - 192,131.20 - 70,631.20 EUR - 10,262,295 CHF - 15,649,999.88 USD - 44,887.00 - 44,887.00 - 26,850.06 18,036.94 EUR 10,096,774 CHF 15,649,999.70 USD 141,691.00 141,691.00 76,026.08 - 65,664.92 EUR - 10,000,000 CHF - 15,650,000.00 USD - 36,146.00 - 36,146.00 - 43,821.50 - 7,675.50 EUR - 10,262,295 CHF - 15,649,999.88 USD - 42,394.00 - 42,394.00 - 26,850.06 15,543.94 Counter Amount Currency continued EUR 10,096,774 CHF 15,649,999.70 USD 137,397.00 137,397.00 76,026.08 - 61,370.92 EFTA01553590 Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01553591 03 Cusip JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 14 of 88 Foreign Exchange Description GBP PUT USD CALL FX EUROPEAN STYLE OPTION APR 28, 2004 @ 1.79 KNOCK IN @ 1.77 XGBPPA-GW-Z GBP CALL USD PUT FX EUROPEAN STYLE OPTION APR 28, 2004 @ 1.845 KNOCK IN @ 1.8650 XGBPCA-HZ-Z EUR PUT USD CALL FX EUROPEAN STYLE OPTION OCT 27, 2004 @ 1.2 KNOCK IN @ 1.1885 XEURPA-NX-Z EUR CALL USD PUT FX EUROPEAN STYLE OPTION APR 28, 2004 @ 1.23 KNOCK IN @ 1.25 XEURCA-VV-Z P NZD CALL USD PUT FX EUROPEAN STYLE OPTION MAR 30, 2004 @ .653 XNZDCA-CA-Z P GBP CALL USD PUT FX EUROPEAN STYLE OPTION MAY 24, 2004 @ 1.85 KNOCK IN @ 1.87 XGBPCA-IB-Z GBP - 5,000,000 USD - 9,250,000.00 USD - 103,600.00 - 103,600.00 0.00 103,600.00 NZD O USD 0.00 USD 0.00 0.00 EUR - 20,000,000 USD - 24,600,000.00 USD - 154,980.00 - 154,980.00 - 294,370.80 - 139,390.80 EUR - 25,000,000 USD - 30,000,000.00 USD - 903,000.00 - 903,000.00 - 763,124.50 139,875.50 GBP - 10,000,000 USD - 18,450,000.00 USD - 110,700.00 - 110,700.00 - 171,023.70 - 60,323.70 Counter Amount Currency continued GBP - 10,000,000 USD - 17,900,000.00 USD - 132,460.00 - 132,460.00 - 72,246.90 60,213.10 Counter Premium Amount Currency Premium Local EFTA01553592 Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01553593 03 Cusip JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 15 of 88 Foreign Exchange Description HKD PUT USD CALL FX EUROPEAN STYLE OPTION SEP 23, 2004 @ 7.833 XHKDPA-AH-Z EUR CALL USD PUT FX EUROPEAN STYLE OPTION NOV 01, 2004 @ 1.25 KNOCK OUT @ 1.1375 KNOCK OUT @ 1.21 BARRIER EXP 12/1/03 XEURCA-TP-Z EUR CALL USD PUT FX EUROPEAN STYLE OPTION NOV 01, 2004 @ 1.3 KNOCK OUT @ 1.1375 KNOCK OUT @ 1.21 BARRIER EXP 12/1/03 XEURCA-TQ-Z AUD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 11, 2004 @ .7775 KNOCK IN TRIGGERED @ .7565 KNOCK OUT @ .8020 XAUDPA-CQ-Z NZD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 19, 2004 @ .63 XNZDPA-CS-Z EUR PUT USD CALL FX EUROPEAN STYLE OPTION OCT 27, 2004 @ 1.22 KNOCK IN @ 1.202 XEURPA-MG-Z EUR - 5,000,000 USD - 6,100,000.00 USD - 171,410.00 - 171,410.00 - 198,901.75 - 27,491.75 NZD - 12,000,000 USD - 7,560,000.00 USD - 233,226.00 - 233,226.00 - 188,857.32 44,368.68 AUD - 8,000,000 USD - 6,220,000.00 USD - 213,346.40 - 213,346.40 - 294,892.96 - 81,546.56 EUR 10,000,000 USD 13,000,000.00 USD 56,447.00 56,447.00 160,914.20 104,467.20 EUR 5,000,000 USD 6,250,000.00 USD 49,186.20 49,186.20 151,281.00 102,094.80 Counter Amount Currency continued HKD 156,660,000 USD 20,000,000.00 USD 312,280.00 312,280.00 EFTA01553594 18,579.88 - 293,700.12 Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01553595 03 Cusip JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 16 of 88 Foreign Exchange Description P NZD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 27, 2004 @ .66 KNOCK IN TRIGGERED @ .6475 XNZDPA-CT-Z P AUD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 27, 2004 @ .76 KNOCK IN TRIGGERED @ .7475 XAUDPA-CY-Z EUR CALL USD PUT FX EUROPEAN STYLE OPTION JAN 31, 2005 @ 1.35 KNOCK OUT @ 1.1995 BARRIER EXP 4/29/04 XEURCA-UR-Z P EUR CALL USD PUT FX EUROPEAN STYLE OPTION MAY 04, 2004 @ 1.29 KNOCK IN @ 1.33 XEURCA-UZ-Z NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .68 KNOCK IN TRIGGERED @ .6625 XNZDPA-DC-Z P NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .68 KNOCK IN TRIGGERED @ .6625 XNZDPA-DB-Z NZD - 1,986,500 USD - 1,350,820.00 USD - 61,192.17 - 61,192.17 - 261,008.99 - 199,816.82 NZD - 20,000,000 USD - 13,600,000.00 USD - 564,400.00 - 564,400.00 - 1,009,175.20 - 444,775.20 EUR O USD 0.00 USD 0.00 0.00 EUR 20,000,000 USD 27,000,000.00 USD 291,600.00 291,600.00 161,700.20 - 129,899.80 AUD O USD 0.00 USD 0.00 0.00 Counter Amount Currency continued NZD O USD 0.00 USD 0.00 0.00 Counter Premium EFTA01553596 Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01553597 03 Cusip JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 17 of 88 Foreign Exchange Description GBP PUT USD CALL FX EUROPEAN STYLE OPTION AUG 20, 2004 @ 1.875 KNOCK IN TRIGGERED @ 1.8375 XGBPPA-GN-2 P AUD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .77 KNOCK IN @ TRIGGERED @ .755 KNOCK OUT @ .7965 XAUDPA-DH-2 GBP PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ 1.865 KNOCK IN TRIGGERED @ 1.8285 XGBPPA-G0-2 THB CALL USD PUT FX EUROPEAN STYLE OPTION FEB 23, 2005 @ 36. XTHBCA-AC-2 THB CALL USD PUT FX EUROPEAN STYLE OPTION FEB 23, 2005 @ 38. XTHBCA-AB-2 TWD CALL USD PUT FX EUROPEAN STYLE OPTION MAR 01, 2005 @ 32.75 XTWDCA-AB-2 TWD 327,500,000 USD 10,000,000.00 USD 196,000.00 196,000.00 226,774.10 30,774.10 THB 351,500,000 USD 9,250,000.00 USD 108,225.00 108,225.00 69,069.75 - 39,155.25 THB 2,700,000,000 USD 75,000,000.00 USD 405,000.00 405,000.00 179,064.00 - 225,936.00 GBP - 5,600,000 USD - 10,444,000.00 USD - 426,115.23 - 426,115.23 - 552,220.48 - 126,105.25 AUD - 1,500,000 USD - 1,155,000.00 USD - 23,561.94 - 23,561.94 - 49,580.23 - 26,018.29 Counter Amount Currency continued GBP - 5,750,000.66 USD - 10,781,251.24 USD - 349,312.54 - 349,312.54 - 484,561.41 - 135,248.87 Counter Premium Amount Currency Premium EFTA01553598 Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01553599 03 Cusip JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 18 of 88 Foreign Exchange Description EUR CALL USD PUT FX EUROPEAN STYLE OPTION JUL 20, 2004 @ 1.24 KNOCK IN @ 1.26 XEURCA-VN-Z P NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 29, 2004 @ .64 KNOCK IN @ .60 XNZDPA-DF-Z NZD PUT USD CALL FX EUROPEAN STYLE OPTION SEP 13, 2004 @ .63 KNOCK IN @ .60 XNZDPA-DE-Z NZD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 13, 2004 @ .66 KNOCK OUT @ .62 KNOCK OUT @ .68 BARRIER EXP 4/13/04 XNZDCA-BX-Z GBP PUT USD CALL FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.78 KNOCK IN @ 1.76 XGBPPA-GT-Z P GBP CALL USD PUT FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.8 XGBPCA-HV-Z GBP O USD 0.00 USD 0.00 0.00 GBP - 5,000,000 USD - 8,900,000.00 USD - 167,320.00 - 167,320.00 - 81,769.20 85,550.80 NZD 20,000,000 USD 13,200,000.00 USD 129,360.00 129,360.00 81,498.40 - 47,861.60 NZD - 15,000,000 USD - 9,450,000.00 USD - 272,160.00 - 272,160.00 - 183,973.65 88,186.35 NZD O USD 0.00 USD 0.00 0.00 Counter Amount Currency continued EUR - 5,625,000 USD - 6,975,000.00 USD - 134,618.00 - 134,618.00 - 134,848.69 - 230.69 Counter Premium EFTA01553600 Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01553601 03 Cusip JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 19 of 88 Foreign Exchange Description GBP CALL USD PUT FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.83 KNOCK IN @ 1.86 XGBPCA-HW-Z Total Foreign Exchange Exchange-listed options are valued using market prices at the close of business for statement date Over-The-Counter (OTC) options are valued at Mid-Market, unless otherwise agreed. See: Important Information about Pricing and Valuations. - 3,665,981.08 - 4,981,557.89 - 1,315,576.80 Counter Amount Currency continued GBP - 5,000,000 USD - 9,150,000.00 USD - 91,500.00 - 91,500.00 - 161,363.70 - 69,863.70 Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD Important Information about Pricing and Valuations Prices, some of which are provided by pricing services or other sources which we deem reliable, are not guaranteed for accuracy or as realizable values. Valuations of over-the-counter derivative transactions, including certain derivatives-related deposi t products, have been prepared on a mid-market basis. These valuations are indicative values as of t he close of business of the date of this statement and, except as otherwise agreed in writing, these valuations do not represent the actual terms at wh ich transactions or securities could be bought or sold or new transactions could be entered into, or the actual terms on which existing transactions or securities could be liquidated as of the date of this statement. We do not warrant their completenes s or accuracy. These valuations are derived from proprietary models based upon well recognized finan cial principles and we have, when necessary to calculate the present value of future cash flows, made reasonable estimates about relevant future ma rket conditions. Valuations based on other models or different assumptions may yield different resul ts. Morgan expressly disclaims any responsibility for (1) the accuracy of the models or estimates used in deriving the valuations, (2) any errors or o missions in computing or disseminating the valuations, and (3) any uses to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. Please refer to the trade confirmation for d etails of each transaction. EFTA01553602 03 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 20 of 88 Outstanding Foreign Exchange Contracts Net Currency Exposure Summary Value in Currency Australia Dollar N Zealand Dollar U S Dollar - 10,000,000.00 20,000,000.00 - 6,020,634.58 Gain/Loss Summary Total Unrealized Closed Value in USD Total Unrealized Gain/Loss - 482,634.58 - 482,634.58 Foreign Exchange Contracts Settlement Date Trade Date SPECULATIVE AUSTRALIA DOLLAR - U S DOLLAR Feb. 20 04 Aug. 24 04 AUD Feb. 20 04 Aug. 24 04 AUD Mar. 1 04 Aug. 24 04 AUD Total Closed Mar. 31 04 Apr. 2 04 AUD Mar. 31 04 Apr. 2 04 AUD Total Open Total 7,500,000.00 USD 7,500,000.00 USD - 15,000,000.00 USD 0.00 10,000,000.00 USD - 20,000,000.00 USD - 10,000,000.00 - 10,000,000.00 EURO CURRENCY - U S DOLLAR Feb. 9 04 May. 11 04 EUR Feb. 9 04 May. 11 04 EUR Feb. 11 04 May. 11 04 EUR Feb. 12 04 May. 11 04 EUR Mar. 1 04 May. 11 04 EUR 15,000,000.00 USD 3,000,000.00 USD - 7,000,000.00 USD - 5,000,000.00 USD - 6,000,000.00 USD - 5,676,750.00 - 5,639,250.00 11,347,500.00 31,500.00 - 7,670,000.00 15,250,000.00 7,580,000.00 7,611,500.00 - 18,936,000.00 - 3,787,200.00 8,939,000.00 6,389,500.00 7,448,400.00 0.7569 0.7519 0.7565 0.767 0.7625 0.749973 0.749973 0.749973 1.30378 EFTA01553603 1.311475 5,624,798.30 5,624,798.30 11,347,500.00 22,597,096.60 7,670,000.00 15,250,000.00 22,920,000.00 45,517,096.60 1.2624 1.2624 1.277 1.2779 1.2414 0.814624 0.814624 0.814624 0.814624 0.814624 18,413,406.87 3,682,681.37 8,939,000.00 6,389,500.00 7,448,400.00 5,676,750.00 5,639,250.00 11,249,596.60 22,565,596.60 7,670,000.00 15,250,000.00 22,920,000.00 45,485,596.60 18,936,000.00 3,787,200.00 8,592,923.20 6,137,802.29 7,365,362.74 - 51,951.70 - 14,451.70 97,903.40 31,500.00 0.00 0.00 0.00 31,500.00 - 522,593.13 - 104,518.63 346,076.80 251,697.71 83,037.26 Currency Amount Counter Currency Counter Amount Contract Rate Current Market Forward Rate Market Value Receivables USD Market Value Payables USD Unrealized Gain/Loss USD EFTA01553604 03 Trade Date JPMorgan Chase Bank 2004 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 21 of 88 Foreign Exchange Contracts Settlement Date Currency Mar. 3 04 Jun. 7 04 EUR Mar. 5 04 Jun. 7 04 EUR Mar. 5 04 Jun. 7 04 EUR Mar. 16 04 Jun. 7 04 EUR Feb. 20 04 Aug. 24 04 EUR Mar. 1 04 Aug. 24 04 EUR Total Closed continued Amount Counter Currency 5,000,000.00 USD 10,000,000.00 USD 20,000,000.00 USD - 35,000,000.00 USD 7,500,000.00 USD - 7,500,000.00 USD 0.00 POUND STERLING - U S DOLLAR Mar. 3 04 Jun. 7 04 GBP Mar. 5 04 Jun. 7 04 GBP Mar. 5 04 Jun. 8 04 GBP Mar. 16 04 Jun. 8 04 GBP Feb. 23 04 Aug. 24 04 GBP Mar. 1 04 Aug. 24 04 GBP Total Closed JAPANESE YEN Total Closed Feb. 20 04 May. 24 04 JPY Mar. 2 04 May. 24 04 JPY 10,000,000.00 USD - 10,000,000.00 USD 10,000,000.00 USD - 10,000,000.00 USD 10,000,000.00 USD - 10,000,000.00 USD 0.00 - U S DOLLAR 1,087,300,000.00 USD - 1,087,300,000.00 USD 0.00 N ZEALAND DOLLAR - U S DOLLAR Mar. 3 04 Jun. 8 04 NZD Mar. 4 04 Jun. 8 04 NZD Mar. 16 04 Jun. 8 04 NZD Mar. 22 04 Jun. 8 04 NZD Feb. 20 04 Aug. 24 04 NZD Feb. 23 04 Aug. 24 04 NZD Mar. 2 04 Aug. 24 04 NZD 15,000,000.00 USD 15,000,000.00 USD - 10,000,000.00 USD - 20,000,000.00 USD 5,000,000.00 USD 5,000,000.00 USD - 10,000,000.00 USD - 10,000,000.00 9,939,665.42 - 60,334.58 - 9,943,500.00 - 9,900,000.00 6,450,000.00 13,118,000.00 - 3,315,000.00 - 3,344,500.00 EFTA01553605 6,742,000.00 108.73 109.39 103.858758 103.858758 10,469,025.64 9,939,665.42 20,408,691.06 0.6629 0.66 0.645 0.6559 0.663 0.6689 0.6742 0.660241 0.660241 0.660241 0.660241 0.654041 0.654041 0.654041 9,903,620.68 9,903,620.68 6,450,000.00 13,118,000.00 3,270,206.49 3,270,206.49 6,742,000.00 10,000,000.00 10,469,025.64 20,469,025.64 9,943,500.00 9,900,000.00 6,602,413.79 13,204,827.58 3,315,000.00 3,344,500.00 6,540,412.98 469,025.64 - 529,360.22 - 60,334.58 - 39,879.32 3,620.68 - 152,413.79 - 86,827.58 - 44,793.51 - 74,293.51 201,587.02 Counter Amount - 6,073,500.00 - 12,395,000.00 - 24,726,000.00 42,952,000.00 - 9,395,250.00 9,287,250.00 - 296,800.00 - 18,106,000.00 18,290,000.00 - 18,295,000.00 18,012,000.00 - 18,337,000.00 18,404,000.00 - 32,000.00 Contract Rate 1.2147 1.2395 1.2363 1.2272 1.2527 1.2383 Current Market Forward Rate 0.81514 0.81514 0.81514 0.81514 0.816486 EFTA01553606 0.816486 Market Value Receivables USD 6,133,913.12 12,267,826.24 24,535,652.48 42,952,000.00 9,185,700.51 9,287,250.00 149,235,330.59 1.8106 1.829 1.8295 1.8012 1.8337 1.8404 1.826845 1.826845 1.826678 1.826678 1.813353 1.813353 18,268,453.30 18,290,000.00 18,266,784.97 18,012,000.00 18,133,532.13 18,404,000.00 109,374,770.40 Market Value Payables USD 6,073,500.00 12,395,000.00 24,726,000.00 42,937,391.84 9,395,250.00 9,185,700.51 149,532,130.58 18,106,000.00 18,268,453.30 18,295,000.00 18,266,784.97 18,337,000.00 18,133,532.13 109,406,770.40 Unrealized Gain/Loss USD 60,413.12 - 127,173.76 - 190,347.52 14,608.16 - 209,549.49 101,549.49 - 296,799.99 162,453.30 21,546.70 - 28,215.03 - 254,784.97 - 203,467.87 270,467.87 - 32,000.00 EFTA01553607 03 Trade Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 22 of 88 Foreign Exchange Contracts Settlement Date Currency Mar. 11 04 Mar. 15 05 NZD Mar. 23 04 Mar. 15 05 NZD Total Closed TRADE RELATED N ZEALAND DOLLAR - U S DOLLAR Mar. 30 04 Apr. 1 04 NZD Mar. 30 04 Apr. 1 04 NZD Total Open Total Foreign Exchange Contracts 10,000,000.00 USD 10,000,000.00 USD 20,000,000.00 - 6,588,000.00 - 6,530,000.00 - 13,118,000.00 0.6588 0.653 1.517911 1.531394 6,588,000.00 6,530,000.00 13,118,000.00 396,677,981.57 6,588,000.00 6,530,000.00 13,118,000.00 397,160,616.15 0.00 0.00 0.00 - 482,634.58 continued Amount Counter Currency 5,000,000.00 USD - 5,000,000.00 USD 0.00 Counter Amount - 3,102,500.00 3,170,500.00 - 125,000.00 Contract Rate 0.6205 0.6341 Current Market Forward Rate 0.639188 0.639188 Market Value Receivables USD 3,195,938.58 3,170,500.00 59,024,092.92 Market Value Payables USD 3,102,500.00 3,195,938.58 59,149,092.93 Unrealized Gain/Loss USD 93,438.58 - 25,438.58 - 125,000.01 EFTA01553608 EFTA01553609 03 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 23 of 88 Trade Activity Realized Gain/Loss Summary Short Term Gain/Loss Long Term Gain/Loss Foreign Exchange Gains/Losses Note: indicates Short Term Realized Gain/Loss indicates Long Term Realized Gain/Loss S L Capital gains and losses on sales with missing or incomplete tax cost are identified with N/A. Trade Date Settlement Date Settled Mar 1 Mar 3 Purchase Opt TWD CALL USD PUT Mar 2 Mar 4 Buy-Back Opt FX EUROPEAN STYLE OPTION MAR 01, 2005 @ 32.75 EUR PUT USD CALL Mar 2 Mar 4 Buy-Back Opt FX EUROPEAN STYLE OPTION AUG 19, 2004 @ 1.255 KNOCK IN @ 1.24 KNOCK OUT @ 1.2940 EUR PUT USD CALL FX EUROPEAN STYLE OPTION AUG 19, 2004 @ 1.255 KNOCK IN @ 1.24 KNOCK OUT @ 1.2940 USD USD 327,500,000 5,200,000 1.96 - 196,000.00 - 260,387.00 78,964.50 - 181,422.50 5 Realized Type Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD Amount USD - 516,360.89 0.00 137,182.00 USD 5,200,000 - 210,137.00 78,964.50 - 131,172.50 S EFTA01553610 03 Trade Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 24 of 88 Settlement Date Realized Type Settled continued Mar 2 Mar 4 Buy-Back Opt JPY PUT USD CALL Mar 5 Mar 9 Buy-Back Opt FX EUROPEAN STYLE OPTION NOV 19, 2004 @ 108.5 KNOCK IN @ 110.75 KNOCK OUT @ 105.35 EUR CALL USD PUT Mar 5 Mar 9 Write Option FX EUROPEAN STYLE OPTION MAY 04, 2004 @ 1.29 KNOCK IN @ 1.33 JPY PUT USD CALL Mar 10 Mar 12 Buy-Back Opt FX EUROPEAN STYLE OPTION SEP 07, 2004 @ 112. KNOCK IN @ 113 KNOCK OUT @ 106 NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .68 Mar 11 Mar 15 Write Option KNOCK IN TRIGGERED @ .6625 EUR CALL USD PUT Mar 11 Mar 15 Buy-Back Opt Mar 11 Mar 15 Purchase Opt FX EUROPEAN STYLE OPTION JUL 20, 2004 @ 1.24 KNOCK IN @ 1.26 EUR PUT USD CALL FX EUROPEAN STYLE OPTION JUL 20, 2004 @ 1.23 NZD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 13, 2004 @ .66 KNOCK OUT @ .62 KNOCK OUT @ .68 BARRIER EXP 4/13/04 USD - 5,625,000 1.93 134,618.00 USD 987,350,000 - 208,390.00 92,820.00 - 115,570.00 S Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD USD 6,500,000 - 45,279.00 138,352.50 93,073.50 S USD -1,120,000,000 1.50 150,000.00 USD 13,513,500 - 673,567.00 416,269.99 EFTA01553611 - 257,297.01 S USD USD 5,000,000 - 184,808.00 20,000,000 0.98 - 129,360.00 142,065.00 - 42,743.00 S EFTA01553612 03 Trade Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 25 of 88 Settlement Date Realized Type Settled continued Mar 11 Mar 15 Write Option NZD PUT USD CALL Mar 11 Mar 15 Write Option FX EUROPEAN STYLE OPTION SEP 13, 2004 @ .63 KNOCK IN @ .60 NZD PUT USD CALL Mar 12 Mar 16 Write Option FX EUROPEAN STYLE OPTION NOV 29, 2004 @ .64 KNOCK IN @ .60 GBP CALL USD PUT Mar 15 Mar 17 Purchase Opt Mar 15 Mar 17 Write Option FX EUROPEAN STYLE OPTION MAR 26, 2004 @ 1.805 KNOCK IN @ 1.84 GBP CALL USD PUT FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.8 GBP CALL USD PUT Mar 15 Mar 17 Write Option FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.83 KNOCK IN @ 1.86 GBP PUT USD CALL Mar 16 Mar 18 Buy-Back Opt FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.78 KNOCK IN @ 1.76 AUD PUT USD CALL Mar 16 Mar 18 Buy-Back Opt FX EUROPEAN STYLE OPTION OCT 11, 2004 @ .7775 KNOCK IN TRIGGERED @ .7565 KNOCK OUT @ .8020 AUD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 27, 2004 @ .76 KNOCK IN TRIGGERED @ .7475 USD - 15,000,000 2.88 272,160.00 Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD USD - 26,666,667 4.47 762,880.00 USD - 15,000,000 0.54 146,205.00 USD USD 5,000,000 1.69 - 5,000,000 EFTA01553613 1.00 - 152,100.00 91,500.00 USD - 5,000,000 1.88 167,320.00 USD 2,000,000 - 112,271.00 53,336.60 - 58,934.40 S USD 7,000,000 - 338,219.00 238,868.00 - 99,351.00 S EFTA01553614 03 Trade Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 26 of 88 Settlement Date Realized Type Settled continued Mar FX 16 Mar 18 Buy-Back Opt AUD PUT USD CALL EUROPEAN STYLE OPTION NOV 22, 2004 @ .77 Mar 16 Mar 16 Expired Opt Mar 16 Mar 16 Expired Opt Mar 16 Mar 18 Buy-Back Opt Mar 16 Mar 18 Buy-Back Opt KNOCK IN @ TRIGGERED @ .755 KNOCK OUT @ .7965 CHF CALL USD PUT FX EUROPEAN STYLE OPTION MAR 15, 2004 @ 1.15 CHF CALL USD PUT FX EUROPEAN STYLE OPTION MAR 16, 2004 @ 1.175 EUR PUT USD CALL FX EUROPEAN STYLE OPTION JUL 16, 2004 @ 1.22 GBP PUT USD CALL FX EUROPEAN STYLE OPTION AUG 20, 2004 @ 1.875 Mar 16 Mar 18 Buy-Back Opt KNOCK IN TRIGGERED @ 1.8375 GBP PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ 1.865 Mar 16 Mar 18 Write Option KNOCK IN TRIGGERED @ 1.8285 HUF PUT USD CALL Mar 16 Mar 18 Buy-Back Opt FX EUROPEAN STYLE OPTION SEP 16, 2004 @ 211. KNOCK IN @ 220 NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .68 KNOCK IN TRIGGERED @ .6625 USD -1,002,250,000 5.85 277,875.00 USD 1,666,666 - 201,109.00 126,819.96 - 74,289.04 S USD USD USD USD - 80,500,000 - 58,750,000 2,333,333 1,666,666 0.00 0.00 - 73,088.00 - 181,016.00 - 543,848.00 - 420,690.00 55,865.78 101,249.96 - 543,848.00 S - 420,690.00 S EFTA01553615 - 17,222.22 S - 79,766.04 S USD 2,300,000 - 120,782.00 36,128.30 - 84,653.70 S Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD USD 5,000,000 - 294,100.00 141,100.00 - 153,000.00 S EFTA01553616 03 Trade Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 27 of 88 Settlement Date Realized Type Settled continued Mar 17 Mar 19 Write Option HUF PUT USD CALL Mar 18 Mar 22 Buy-Back Opt Mar 18 Mar 22 Buy-Back Opt Mar 18 Mar 22 Buy-Back Opt FX EUROPEAN STYLE OPTION SEP 16, 2004 @ 212. KNOCK IN @ 220 EUR PUT USD CALL FX EUROPEAN STYLE OPTION JUL 16, 2004 @ 1.22 EUR PUT USD CALL FX EUROPEAN STYLE OPTION JUL 20, 2004 @ 1.23 GBP PUT USD CALL FX EUROPEAN STYLE OPTION AUG 20, 2004 @ 1.875 Mar 18 Mar 22 Buy-Back Opt KNOCK IN TRIGGERED @ 1.8375 GBP PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ 1.865 Mar 18 Mar 22 Buy-Back Opt KNOCK IN TRIGGERED @ 1.8205 NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .68 Mar 22 Mar 24 Buy-Back Opt KNOCK IN TRIGGERED @ .6625 GBP PUT USD CALL FX EUROPEAN STYLE OPTION AUG 20, 2004 @ 1.875 Mar 23 Mar 25 Buy-Back Opt KNOCK IN TRIGGERED @ 1.8375 GBP CALL USD PUT FX EUROPEAN STYLE OPTION MAR 26, 2004 @ 1.805 KNOCK IN TRIGGERED @ 1.84 USD 10,000,000 - 433,200.00 97,470.00 - 335,730.00 S USD 1,000,000 - 01,563.00 60,750.00 - 20,813.00 S USD 5,000,000 - 254,745.00 141,100.00 - 113,645.00 S USD 3,400,000 - 387,118.00 258,712.81 - 128,405.19 S USD -1,696,000,000 5.30 424,000.00 Description Currency EFTA01553617 Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD USD USD USD 15,000,000.60 - 392,078.00 5,000,000 2,250,000 - 162,053.00 - 210,938.00 359,137.22 142,065.00 136,687.50 - 32,940.78 S - 19,988.00 S - 74,250.50 S EFTA01553618 03 Trade Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 28 of 88 Settlement Date Realized Type Settled continued Mar 23 Mar 25 Write Option Mar 23 Mar 25 Write Option GBP PUT USD CALL FX EUROPEAN STYLE OPTION MAR 26, 2004 @ 1.845 GBP PUT USD CALL FX EUROPEAN STYLE OPTION APR 22, 2004 @ 1.84 Mar 24 Mar 26 Write Option KNOCK IN TRIGGERED @ 1.8250 GBP CALL USD PUT Mar 24 Mar 26 Buy-Back Opt FX EUROPEAN STYLE OPTION MAY 24, 2004 @ 1.85 KNOCK IN @ 1.87 GBP PUT USD CALL FX EUROPEAN STYLE OPTION AUG 20, 2004 @ 1.875 Mar 24 Mar 26 Buy-Back Opt KNOCK IN TRIGGERED @ 1.8375 GBP PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ 1.865 Mar 25 Mar 29 Write Option Mar 25 Mar 29 Write Option Mar 25 Mar 29 Purchase Opt Mar 25 Mar 29 Write Option KNOCK IN TRIGGERED @ 1.8285 EUR CALL CHF PUT FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.565 EUR CALL CHF PUT FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.565 EUR PUT CHF CALL FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.55 EUR PUT CHF CALL FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.525 KNOCK IN @ 1.52 USD USD USD USD - 10,000,000 - 10,000,000 10,096,774 - 10,262,295 0.297 0.315 1.155 0.36 36,146.00 38,273.00 - 141,691.00 44,887.00 USD 1,000,000 - 103,461.00 76,092.00 - 27,369.00 S USD EFTA01553619 - 5,000,000 1.02 94,350.00 USD USD - 10,000,000 - 15,000,000 0.376 1.09 69,372.00 300,840.00 Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD USD 1,000,000 - 89,719.00 60,750.00 - 28,969.00 S EFTA01553620 03 Trade Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 29 of 88 Settlement Date Realized Type Settled continued Mar 25 Mar 29 Purchase Opt EUR PUT CHF CALL Mar 25 Mar 29 Write Option FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.55 EUR PUT CHF CALL Mar 25 Mar 25 Expired Opt FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.525 KNOCK IN @ 1.52 JPY PUT USD CALL FX EUROPEAN STYLE OPTION SEP 07, 2004 @ 112. KNOCK IN @ 113 KNOCK OUT @ 106 Issued in USD Mar 26 Mar 30 FX Option AssiGBP CALL USD PUT Mar 26 Mar 30 Write Option FX EUROPEAN STYLE OPTION MAR 26, 2004 @ 1.805 KNOCK IN TRIGGERED @ 1.84 GBP CALL USD PUT Mar 26 Mar 30 FX Option Assi Mar 26 Mar 30 Write Option FX EUROPEAN STYLE OPTION APR 28, 2004 @ 1.845 KNOCK IN @ 1.8650 GBP PUT USD CALL FX EUROPEAN STYLE OPTION MAR 26, 2004 @ 1.845 GBP PUT USD CALL Mar 26 Mar 30 Write Option FX EUROPEAN STYLE OPTION APR 28, 2004 @ 1.79 KNOCK IN @ 1.77 NOK CALL USD PUT FX EUROPEAN STYLE OPTION APR 28, 2004 @ 6.85 KNOCK IN @ 6.75 USD 5,000,000 0.00 48,735.00 48,735.00 S USD USD 10,096,774 - 10,262,295 1.12 0.34 - 137,397.00 42,394.00 Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD JPY 1,120,000,000 0.00 150,000.00 150,000.00 S USD EFTA01553621 - 10,000,000 0.60 110,700.00 USD USD 10,000,000 0.00 - 10,000,000 0.74 132,460.00 69,372.00 69,372.00 S USD - 102,750,000 0.81 121,500.00 EFTA01553622 03 Trade Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 30 of 88 Settlement Date Realized Type Settled continued Mar 26 Mar 30 FX Opt Asgn'D Mar 26 Mar 30 FX Opt Asgn'D Mar 29 Mar 31 Write Option SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION SELL GBP BUY USD SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION BUY GBP SELL USD EUR CALL USD PUT Mar 29 Mar 31 Buy-Back Opt FX EUROPEAN STYLE OPTION APR 28, 2004 @ 1.23 KNOCK IN @ 1.25 EUR PUT USD CALL Mar 29 Mar 31 Write Option FX EUROPEAN STYLE OPTION OCT 27, 2004 @ 1.22 KNOCK IN @ 1.202 EUR PUT USD CALL Mar 29 Mar 31 Write Option FX EUROPEAN STYLE OPTION OCT 27, 2004 @ 1.2 KNOCK IN @ 1.1885 NZD CALL USD PUT FX EUROPEAN STYLE OPTION MAR 30, 2004 @ .653 Trade Date Estimated Settlement Date Pending Mar 30 Apr 1 Buy-Back Opt EUR CALL USD PUT FX EUROPEAN STYLE OPTION MAY 04, 2004 @ 1.29 KNOCK IN @ 1.33 USD 6,500,000 0.00 - 11,320.00 138,352.50 127,032.50 S Realized Gain/Loss Type Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost USD USD USD USD - 5,000,000 10,000,000 - 20,000,000 1.805 9,025,000.00 1.845 - 18,450,000.00 0.63 154,980.00 - 9,225,000.00 EFTA01553623 18,450,000.00 - 200,000.00 S Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD USD 20,000,000 - 973,560.00 685,640.00 - 287,920.00 S USD - 25,000,000 3.01 903,000.00 USD - 20,000,000 0.22 28,732.00 EFTA01553624 03 Trade Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 31 of 88 Estimated Settlement Date Realized Gain/Loss Type Pending continued Mar 30 Apr 1 FX Option Assignment NZD CALL USD PUT FX EUROPEAN STYLE OPTION MAR 30, 2004 @ .653 Mar 30 Apr 1 Buy-Back Opt NZD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 27, 2004 @ .66 Mar 30 Apr 1 Buy-Back Opt KNOCK IN TRIGGERED @ .6475 NZD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 27, 2004 @ .66 Mar 30 Apr 1 FX Opt Asgn'D Mar 31 Apr 2 Buy-Back Opt KNOCK IN TRIGGERED @ .6475 N ZEALAND DOLLAR AUD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 27, 2004 @ .76 Mar 31 Apr 2 Buy-Back Opt KNOCK IN TRIGGERED @ .7475 AUD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .77 KNOCK IN @ TRIGGERED @ .755 KNOCK OUT @ .7965 Mar 31 Apr 2 Sell Option Mar 31 Apr 2 Write Option GBP CALL USD PUT FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.8 GBP CALL USD PUT FX EUROPEAN STYLE OPTION MAY 24, 2004 @ 1.85 KNOCK IN @ 1.87 USD - 5,000,000 1.12 103,600.00 USD - 5,000,000 0.00 260,550.00 - 152,100.00 USD 5,500,000 0.00 - 210,691.00 86,393.76 - 124,297.24 S NZD USD - 20,000,000 30,000,000 0.665 0.00 0.00 - 1,077,300.00 1,023,720.00 - 53,580.00 S USD 15,000,000 EFTA01553625 0.00 - 569,745.00 435,600.00 - 134,145.00 S USD 15,800,000 0.00 - 551,381.00 458,832.00 - 92,549.00 S USD 20,000,000 0.00 0.00 28,732.00 Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost USD EFTA01553626 03 Trade Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 32 of 88 Estimated Settlement Date Realized Gain/Loss Type Pending continued Mar 31 Apr 2 Buy-Back Opt NZD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 27, 2004 @ .66 Mar 31 Apr 2 Buy-Back Opt KNOCK IN TRIGGERED @ .6475 NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .68 Mar 31 Apr 2 Buy-Back Opt KNOCK IN TRIGGERED @ .6625 NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 29, 2004 @ .64 KNOCK IN @ .60 Trade Date Settlement Date Counter Currency Settled Foreign Exchange Contracts SPECULATIVE AUSTRALIA DOLLAR - U S DOLLAR Mar 3 04 Mar 3 04 Mar 5 04 Mar 5 04 Dec 11 03 Mar 15 04 Jan 2 04 Jan 7 04 Jan 9 04 Mar 15 04 Mar 15 04 Mar 15 04 Jan 15 04 Mar 15 04 Mar 16 04 Mar 18 04 Mar 16 04 Mar 18 04 AUD - 10,000,000.00 USD 7,513,000.00 AUD 10,000,000.00 USD - 7,512,000.00 AUD 10,000,000.00 USD - 7,287,000.00 AUD 10,000,000.00 USD - 7,524,000.00 AUD - 20,000,000.00 USD 15,258,000.00 5,000,000.00 USD - 3,861,000.00 3,821,000.00 7,430,000.00 AUD AUD - 5,000,000.00 USD AUD - 10,000,000.00 USD AUD 10,000,000.00 USD - 7,430,000.00 0.751300 0.751200 0.728700 0.752400 0.762900 0.772200 0.764200 0.743000 0.743000 0.751200 0.751200 1.367400 EFTA01553627 1.367400 1.367400 1.367400 1.367400 0.743000 0.743000 7,513,000.00 - 7,512,000.00 - 7,287,000.00 - 7,524,000.00 - 7,512,000.00 7,512,000.00 7,313,149.04 7,313,149.04 15,258,000.00 - 14,626,298.08 - 3,861,000.00 3,821,000.00 7,430,000.00 - 7,430,000.00 3,656,574.52 - 3,656,574.52 - 7,430,000.00 7,430,000.00 1,000.00 26,149.04 - 210,850.96 631,701.92 - 204,425.48 164,425.48 Amount Currency Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD USD 26,666,667 0.00 - 634,880.00 762,880.00 128,000.00 S USD 3,700,000 0.00 - 169,578.00 113,974.84 - 55,603.16 S USD 8,200,000 0.00 - 250,034.00 238,128.00 - 11,906.00 S Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost USD EFTA01553628 03 Date JPMorgan Chase Bank 2004 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 33 of 88 Settled Foreign Exchange Contracts Trade Settlement Date Currency EURO CURRENCY - U S DOLLAR Mar Mar Mar Mar Mar Mar Mar Mar 2 2 3 3 4 4 5 5 04 04 04 04 04 04 04 04 Dec 11 03 Mar 15 04 Dec 31 03 Mar 15 04 Jan 5 04 Jan 6 04 Jan 9 04 Mar 15 04 Mar 15 04 Mar 15 04 Jan 12 04 Mar 15 04 Mar 12 04 Mar 16 04 Mar 12 04 Mar 16 04 Mar 8 04 Mar 9 04 Mar 17 04 Mar 17 04 Mar 10 04 Mar 17 04 Mar 10 04 Mar 17 04 Mar 10 04 Mar 17 04 Mar 11 04 Mar 17 04 Mar 16 04 Mar 17 04 Mar 5 04 Mar 5 04 Counter Amount Currency continued EUR - 10,000,000.00 USD 12,267,000.00 EUR 10,000,000.00 USD - 12,244,000.00 EUR - 10,000,000.00 USD 12,175,000.00 EUR 10,000,000.00 USD - 12,175,000.00 EUR 10,000,000.00 USD - 12,125,000.00 EUR - 10,000,000.00 USD 12,583,000.00 EUR 10,000,000.00 USD - 12,561,000.00 EUR - 10,000,000.00 USD 12,751,000.00 5,000,000.00 USD - 6,413,500.00 6,385,000.00 EUR EUR - 5,000,000.00 USD EUR - 10,000,000.00 USD 12,225,000.00 EUR 10,000,000.00 USD - 12,205,000.00 EUR - 10,000,000.00 USD 12,378,000.00 EUR - 7,000,000.00 USD EUR 10,000,000.00 USD - 12,280,000.00 EUR - 13,000,000.00 USD 16,016,000.00 EUR - 5,000,000.00 USD EUR - 10,000,000.00 USD 12,281,000.00 EUR 35,000,000.00 USD - 43,050,000.00 POUND STERLING - U S DOLLAR Mar 3 04 Mar 3 04 Mar 10 04 Mar 12 04 GBP - 5,000,000.00 USD GBP GBP - 5,000,000.00 USD 9,128,500.00 5,000,000.00 USD - 9,126,000.00 EFTA01553629 9,137,000.00 8,696,800.00 6,155,500.00 1.226700 1.224400 1.217500 1.217500 1.212500 1.258300 1.256100 1.275100 1.282700 1.277000 1.222500 1.220500 1.237800 1.242400 1.228000 1.232000 1.231100 1.228100 1.230000 1.825700 1.825200 1.827400 1.224400 1.224400 1.217500 1.217500 1.222419 1.222419 1.222419 1.222419 1.222419 1.222419 1.220500 1.220500 1.219512 1.219512 1.219512 1.219512 1.219512 1.219512 1.230000 1.825200 1.825200 1.820600 12,267,000.00 - 12,244,000.00 - 12,244,000.00 12,175,000.00 - 12,175,000.00 - 12,175,000.00 - 12,125,000.00 12,583,000.00 - 12,224,191.67 - 12,561,000.00 12,751,000.00 - 12,224,191.67 - 6,413,500.00 6,385,000.00 12,225,000.00 - 12,205,000.00 - 12,205,000.00 12,378,000.00 - 12,195,121.95 8,696,800.00 - 12,280,000.00 16,016,000.00 - 15,853,658.53 6,155,500.00 12,281,000.00 - 12,195,121.95 - 43,050,000.00 9,128,500.00 - 9,126,000.00 9,137,000.00 23,000.00 12,244,000.00 12,175,000.00 12,224,191.67 12,224,191.67 6,112,095.83 - 6,112,095.83 12,205,000.00 - 8,536,585.36 12,195,121.95 EFTA01553630 - 6,097,560.97 43,050,000.00 - 9,126,000.00 9,126,000.00 - 9,103,000.00 2,500.00 34,000.00 182,878.05 160,214.64 - 84,878.05 162,341.47 57,939.03 85,878.05 Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD 99,191.67 358,808.33 - 336,808.33 526,808.33 - 301,404.17 272,904.17 20,000.00 EFTA01553631 03 Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 34 of 88 Settled Foreign Trade Settlement Date Currency Exchange Contracts Mar 10 04 Mar 12 04 Jan 9 04 Mar 15 04 Jan 14 04 Mar 15 04 Feb 11 04 Mar 15 04 Mar 1 04 Mar 15 04 Mar 10 04 Mar 17 04 Mar 10 04 Mar 17 04 Mar 16 04 Mar 17 04 JAPANESE YEN Mar 4 04 Mar 4 04 Mar 5 04 Mar 5 04 Mar 3 04 Mar 8 04 Mar 8 04 Mar 8 04 Mar 8 04 Mar 9 04 Mar 9 04 Mar 12 04 Mar 12 04 Mar 12 04 GBP GBP GBP Counter Amount Currency continued GBP - 5,000,000.00 USD GBP - 3,000,000.00 USD GBP - 5,000,000.00 USD GBP - 5,000,000.00 USD - U S DOLLAR JPY 1,107,500,000.00 USD - 10,000,000.00 JPY- 1,107,500,000.00 USD 9,988,275.61 JPY 556,250,000.00 USD - 5,000,000.00 JPY - 556,250,000.00 USD JPY 1,100,200,000.00 USD - 10,000,000.00 JPY - 550,100,000.00 USD JPY - 550,100,000.00 USD NORWEGIAN KRONE - U S DOLLAR Dec 11 03 Mar 15 04 Jan 6 04 Mar 15 04 Mar 15 04 Mar 15 04 Mar 15 04 Mar 15 04 N ZEALAND DOLLAR - U S DOLLAR Jan 2 04 Jan 2 04 Jan 5 04 Jan 7 04 4,979,856.76 4,903,289.06 4,904,163.32 NOK 67,525,000.00 USD - 10,000,000.00 NOK - 67,525,000.00 USD 10,028,961.83 NZD 10,000,000.00 USD - 6,544,000.00 NZD 10,000,000.00 USD - 6,534,000.00 EFTA01553632 NZD - 10,000,000.00 USD NZD - 10,000,000.00 USD 110.750000 110.880000 111.250000 111.700000 110.020000 112.190000 112.170000 6.752500 6.733000 6,637,000.00 6,669,000.00 0.654400 0.653400 0.663700 0.666900 110.750000 110.750000 111.250000 111.250000 111.085000 111.085000 111.085000 6.936350 6.936350 1.559550 1.559550 1.559550 1.559550 - 10,000,000.00 10,000,000.00 9,988,275.61 - 10,000,000.00 - 5,000,000.00 4,979,856.76 - 10,000,000.00 4,903,289.06 4,904,163.32 - 10,000,000.00 10,028,961.83 - 6,544,000.00 - 6,534,000.00 6,637,000.00 6,669,000.00 - 11,724.39 5,000,000.00 - 5,000,000.00 9,904,127.46 - 4,952,063.73 - 4,952,063.73 9,734,947.05 - 9,734,947.05 6,412,106.05 6,412,106.05 - 6,412,106.05 - 6,412,106.05 - 20,143.24 - 95,872.54 - 48,774.67 - 47,900.41 - 265,052.95 294,014.78 - 131,893.95 - 121,893.95 224,893.95 256,893.95 5,000,000.00 USD - 9,103,000.00 5,000,000.00 USD - 9,191,500.00 3,000,000.00 USD - 5,473,500.00 9,374,500.00 5,598,300.00 9,123,500.00 9,129,500.00 GBP 10,000,000.00 USD - 18,140,000.00 1.820600 1.838300 1.824500 1.874900 1.866100 EFTA01553633 1.824700 1.825900 1.814000 1.820600 1.795010 1.795010 1.795010 1.795010 1.810774 1.810774 1.814000 - 9,103,000.00 - 9,191,500.00 - 5,473,500.00 9,374,500.00 5,598,300.00 9,123,500.00 9,129,500.00 - 18,140,000.00 9,103,000.00 8,975,049.36 5,385,029.61 - 8,975,049.36 - 5,385,029.61 - 9,053,870.52 - 9,053,870.52 18,140,000.00 - 216,450.64 - 88,470.39 399,450.64 213,270.39 69,629.48 75,629.48 Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD EFTA01553634 03 Date Jan 9 04 Mar 1 04 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 35 of 88 Settled Foreign Trade Settlement Date Currency Mar 15 04 Mar 15 04 Exchange Contracts Mar 10 04 Mar 15 04 Mar 10 04 Mar 15 04 Mar 11 04 Mar 15 04 Mar 11 04 Mar 15 04 Mar 11 04 Mar 15 04 Mar 11 04 Mar 15 04 Mar 11 04 Mar 15 04 Mar 9 04 Mar 9 04 Mar 17 04 Mar 17 04 Mar 10 04 Mar 17 04 Mar 16 04 Mar 17 04 Mar 16 04 Mar 17 04 Mar 30 04 Mar 30 04 NZD Counter Amount Currency continued NZD - 5,000,000.00 USD NZD - 10,000,000.00 USD 5,000,000.00 USD - 3,391,500.00 3,442,500.00 6 634 000 00 NZD NZD NZD NZD NZD NZD NZD NZD NZD NZD NZD 10,000,000.00 USD - 6,515,000.00 TAIWANESE DOLLAR - U S DOLLAR Mar 1 04 Mar 1 04 TRADE RELATED POUND STERLING - U S DOLLAR Mar 26 04 Mar 30 04 GBP - 5,000,000.00 USD 9,095,000.00 1.819000 1.845000 9,095,000.00 - 9,225,000.00 - 130,000.00 TWD 166,750,000.00 USD - 5,000,000.00 TWD - 166,750,000.00 USD 6,430,000.00 6,475,000.00 3,237,500.00 6,753,000.00 6,779,000.00 6,760,000.00 0.678300 0.688500 0.663400 15,000,000.00 USD - 9,979,500.00 10,000,000.00 USD - 6,502,000.00 - 10,000,000.00 USD - 10,000,000.00 USD 10,000,000.00 USD - 6,482,000.00 - 5,000,000.00 USD - 10,000,000.00 USD - 10,000,000.00 USD - 10,000,000.00 USD 20,000,000.00 USD - 13,032,000.00 EFTA01553635 0.665300 0.650200 0.643000 0.647500 0.648200 0.647500 0.675300 0.677900 0.676000 0.651600 0.651500 5,004,501.80 33.350000 33.320000 1.559550 1.559550 1.559550 1.559550 0.650200 0.643874 0.643874 0.648200 0.643874 1.545500 1.545500 1.545500 0.651600 0.651500 33.065000 33.065000 - 3,391,500.00 3,442,500.00 6,634,000.00 - 9,979,500.00 - 6,502,000.00 6,430,000.00 6,475,000.00 - 6,482,000.00 3,237,500.00 6,753,000.00 6,779,000.00 6,760,000.00 - 13,032,000.00 - 6,515,000.00 - 5,000,000.00 5,004,501.80 3,206,053.02 - 3,206,053.02 - 6,412,106.05 9,618,159.08 6,502,000.00 - 6,438,737.36 - 6,438,737.37 6,482,000.00 - 3,219,368.68 - 6,470,397.92 - 6,470,397.92 - 6,470,397.92 13,032,000.00 6,515,000.00 5,043,096.93 - 5,043,096.93 - 185,446.98 236,446.98 221,893.95 - 361,340.92 - 8,737.36 36,262.63 18,131.32 282,602.08 308,602.08 289,602.08 Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD EFTA01553636 Revalued Amount USD Realized Gain/Loss USD 43,096.93 - 38,595.13 EFTA01553637 03 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 36 of 88 Account Transactions by Currency Australia Dollar Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Foreign Exchange Ending Balance Australia Dollar Activity by Date Settlement Date Mar 5 Type Spot FX Quantity Description 7,513,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL AUD SPOT RATE : 0.751300000 TRADE 3/03/04 VALUE 3/05/04 U S DOLLAR AUSTRALIA DOLLAR Mar 5 Spot FX - 7,512,000 SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.751200000 TRADE 3/03/04 VALUE 3/05/04 AUSTRALIA DOLLAR U S DOLLAR 10,000,000.00 7,512,000.00 - 45,000,000.00 .00 - 100,000,000.00 45,000,000.00 10,000,000.00 90,000,000.00 .00 Amount to Date Realized Amount Gain/Loss USD - 10,000,000.00 - 7,513,000.00 Amount USD EFTA01553638 03 Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 37 of 88 Australia Dollar Activity by Date Settlement continued Realized Type Mar 15 Fwd FX Ctrct Quantity Description - 7,287,000 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.728700000 TRADE 12/11/03 VALUE 3/15/04 Mar 15 Fwd FX Ctrct - 7,524,000 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.752400000 TRADE 1/02/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct 15,258,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.762900000 TRADE 1/07/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct - 3,861,000 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.772200000 TRADE 1/09/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct 3,821,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.764200000 TRADE 1/15/04 VALUE 3/15/04 Mar 18 Spot FX 7,430,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL AUD SPOT RATE : 0.743000000 TRADE 3/16/04 VALUE 3/18/04 U 5 DOLLAR AUSTRALIA DOLLAR Gain/Loss USD 10,000,000.00 7,313,149.04 Amount Amount USD 10,000,000.00 7,313,149.04 - 20,000,000.00 - 14,626,298.08 5,000,000.00 3,656,574.52 - 5,000,000.00 - 3,656,574.52 - 10,000,000.00 - 7,430,000.00 EFTA01553639 03 Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 38 of 88 Australia Dollar Activity by Date Settlement continued Realized Type Mar 18 Spot FX Quantity Description - 7,430,000 SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.743000000 TRADE 3/16/04 VALUE 3/18/04 AUSTRALIA DOLLAR U S DOLLAR Mar 26 Receipt of Assets 1 INTEREST RATE SWAP 10,000,000 AUD NOTIONAL 3/9/2014 REC:FIXED RATE 5.72% AUD SEMI-ANNUAL PAY: FLOATING RATE AUD 3 MONTH BANK BILL RATE ACTUAL/365 AS OF 03/09/04 Mar 26 Receipt of Assets 1 INTEREST RATE SWAP 10,000,000 AUD NOTIONAL 3/9/2014 REC:FIXED RATE 5.68% AUD SEMI-ANNUAL PAY:FLOATING RATE AUD 3 MONTH BANK BILL RATE ACTUAL/365 AS OF 03/09/04 Gain/Loss USD 10,000,000.00 7,430,000.00 Amount Amount USD EFTA01553640 03 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 39 of 88 Account Transactions by Currency Euro Currency Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Purchases of Securities Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Euro Currency Activity by Date Settlement Date Mar 4 Type Spot FX Quantity Description 12,267,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.226700000 TRADE 3/02/04 VALUE 3/04/04 U S DOLLAR EURO PRINCIPAL CURRENCY Mar 4 Spot FX - 12,244,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.224400000 TRADE 3/02/04 VALUE 3/04/04 EURO PRINCIPAL CURRENCY U S DOLLAR 10,000,000.00 12,244,000.00 .00 100,000,000.00 204,500,000.00 - 100,000,000.00 .00 - 367,073.19 - 15,000,000.00 - 189,500,000.00 Amount to Date Realized Amount Gain/Loss USD - 10,000,000.00 - 12,267,000.00 Amount USD EFTA01553641 03 Date Mar 5 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, Asset Account Portfolio NY 10154-1002 March 01, 2004 - March 31, 2004 Page 40 of 88 Euro Currency Activity by Date Settlement continued Realized Type Spot FX Quantity Description 12,175,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.217500000 TRADE 3/03/04 VALUE 3/05/04 U S DOLLAR EURO PRINCIPAL CURRENCY Mar 5 Spot FX - 12,175,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.217500000 TRADE 3/03/04 VALUE 3/05/04 EURO PRINCIPAL CURRENCY U S DOLLAR Mar 15 Fwd FX Ctrct - 12,125,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.212500000 TRADE 12/11/03 VALUE 3/15/04 Mar 15 Fwd FX Ctrct 12,583,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.258300000 TRADE 12/31/03 VALUE 3/15/04 Mar 15 Fwd FX Ctrct - 12,561,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.256100000 TRADE 1/05/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct 12,751,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.275100000 TRADE 1/06/04 VALUE 3/15/04 10,000,000.00 12,175,000.00 Gain/Loss USD - 10,000,000.00 - 12,175,000.00 Amount Amount USD 10,000,000.00 12,224,191.67 - 10,000,000.00 - 12,224,191.67 10,000,000.00 12,224,191.67 - 10,000,000.00 - 12,224,191.67 EFTA01553642 03 Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, Asset Account Portfolio NY 10154-1002 March 01, 2004 - March 31, 2004 Page 41 of 88 Euro Currency Activity by Date Settlement continued Realized Type Mar 15 Fwd FX Ctrct Quantity Description - 6,413,500 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.282700000 TRADE 1/09/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct 6,385,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.277000000 TRADE 1/12/04 VALUE 3/15/04 Mar 16 Spot FX 12,225,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.222500000 TRADE 3/12/04 VALUE 3/16/04 U S DOLLAR EURO PRINCIPAL CURRENCY Mar 16 Spot FX - 12,205,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.220500000 TRADE 3/12/04 VALUE 3/16/04 EURO PRINCIPAL CURRENCY U S DOLLAR Mar 17 Fwd FX Ctrct 12,378,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.237800000 TRADE 3/08/04 VALUE 3/17/04 Mar 17 Fwd FX Ctrct 8,696,800 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.242400000 TRADE 3/09/04 VALUE 3/17/04 - 81,571.82 10,000,000.00 12,205,000.00 Gain/LOSS USD 5,000,000.00 6,112,095.83 Amount Amount USD - 5,000,000.00 - 6,112,095.83 - 10,000,000.00 - 12,225,000.00 - 10,000,000.00 - 12,195,121.95 - 57,100.28 - 7,000,000.00 - 8,536,585.36 EFTA01553643 03 Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, Asset Account Portfolio NY 10154-1002 March 01, 2004 - March 31, 2004 Page 42 of 88 Euro Currency Activity by Date Settlement continued Realized Type Mar 17 Fwd FX Ctrct Quantity Description - 12,280,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.228000000 TRADE 3/10/04 VALUE 3/17/04 Mar 17 Fwd FX Ctrct 16,016,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.232000000 TRADE 3/10/04 VALUE 3/17/04 Mar 17 Fwd FX Ctrct 6,155,500 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.231100000 TRADE 3/10/04 VALUE 3/17/04 Mar 17 Fwd FX Ctrct 12,281,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.228100000 TRADE 3/11/04 VALUE 3/17/04 Mar 17 Spot FX - 43,050,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.230000000 TRADE 3/16/04 VALUE 3/17/04 EURO PRINCIPAL CURRENCY U S DOLLAR - 106,043.36 Gain/Loss USD 10,000,000.00 12,195,121.95 Amount Amount USD - 13,000,000.00 - 15,853,658.53 - 40,785.91 - 5,000,000.00 - 6,097,560.97 - 81,571.82 - 10,000,000.00 - 12,195,121.95 35,000,000.00 43,050,000.00 EFTA01553644 03 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 43 of 88 Account Transactions by Currency Japanese Yen Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Foreign Exchange Ending Balance Japanese Yen Activity by Date Settlement Date Mar 8 Type Spot FX Quantity Description - 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY JPY SELL USD SPOT RATE : 110.750000000 TRADE 3/04/04 VALUE 3/08/04 JAPANESE YEN • S DOLLAR mar 8 Spot FX 9,988,275.61 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL JPY SPOT RATE : 110.880000000 TRADE 3/04/04 VALUE 3/08/04 • S DOLLAR JAPANESE YEN .00 2,763,950,000.00 - 2,763,950,000.0 .00 2,763,950,000.00 - 2,763,950,000.0 Amount to Date Realized Amount Gain/Loss USD 1,107,500,000.00 10,000,000.00 Amount USD -1,107,500,000.00 - 9,988,275.61 EFTA01553645 03 Date Mar 9 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 44 of 88 Japanese Yen Activity by Date Settlement continued Realized Type Spot FX Quantity Description - 5,000,000 SPOT CURRENCY TRANSACTION - BUY BUY JPY SELL USD SPOT RATE : 111.250000000 TRADE 3/05/04 VALUE 3/09/04 JAPANESE YEN U S DOLLAR Mar 9 Spot FX 4,979,856.76 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL JPY SPOT RATE : 111.700000000 TRADE 3/05/04 VALUE 3/09/04 U S DOLLAR JAPANESE YEN Mar 12 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY JPY SELL USD CONTRACT RATE : 110.020000000 TRADE 3/03/04 VALUE 3/12/04 Mar 12 Fwd FX Ctrct 4,903,289.06 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 112.190000000 TRADE 3/08/04 VALUE 3/12/04 Mar 12 Fwd FX Ctrct 4,904,163.32 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 112.170000000 TRADE 3/08/04 VALUE 3/12/04 Mar 25 Expired Opt 1,120,000,000 JPY PUT USD CALL FX EUROPEAN STYLE OPTION SEP 07, 2004 @ 112. KNOCK IN @ 113 KNOCK OUT @ 106 EXPIRATION OF WRITTEN FX OPTION OPTION KNOCKED OUT Gain/Loss USD 556,250,000.00 5,000,000.00 Amount Amount USD - 556,250,000.00 - 4,979,856.76 1,100,200,000.00 9,904,127.46 - 550,100,000.00 - 4,952,063.73 - 550,100,000.00 - 4,952,063.73 EFTA01553646 03 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 45 of 88 Account Transactions by Currency N Zealand Dollar Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Purchases of Securities Foreign Exchange Ending Balance Foreign Exchange Gains/Losses N Zealand Dollar Activity by Date Settlement Date Type Mar 15 Fwd FX Ctrct Quantity Description - 6,544,000 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.654400000 TRADE 1/02/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct - 6,534,000 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.653400000 TRADE 1/02/04 VALUE 3/15/04 - 90,000,000.00 .00 - 229,015.86 - 10,000,000.00 - 185,000,000.00 90,000,000.00 10,000,000.00 185,000,000.00 .00 Amount to Date Realized Amount Gain/LOSS USD 10,000,000.00 6,412,106.05 Amount USD 10,000,000.00 6,412,106.05 EFTA01553647 03 Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 46 of 88 N Zealand Dollar Activity by Date Settlement continued Realized Type Mar 15 Fwd FX Ctrct Quantity Description 6,637,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.663700000 TRADE 1/05/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct 6,669,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.666900000 TRADE 1/07/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct - 3,391,500 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.678300000 TRADE 1/09/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct 3,442,500 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.688500000 TRADE 3/01/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct 6,634,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.663400000 TRADE 3/10/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct - 9,979,500 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.665300000 TRADE 3/10/04 VALUE 3/15/04 Mar 15 Spot FX - 6,502,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.650200000 TRADE 3/11/04 VALUE 3/15/04 N ZEALAND DOLLAR U S DOLLAR - 13,315.66 Gain/Loss USD - 26,631.32 - 10,000,000.00 - 6,412,106.05 Amount Amount USD - 26,631.32 - 10,000,000.00 - 6,412,106.05 5,000,000.00 3,206,053.02 - 5,000,000.00 - 3,206,053.02 - 26,631.32 - 10,000,000.00 - 6,412,106.05 15,000,000.00 9,618,159.08 EFTA01553648 10,000,000.00 6,502,000.00 EFTA01553649 03 Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 47 of 88 N Zealand Dollar Activity by Date Settlement continued Realized Type Mar 15 Spot FX Quantity Description 6,430,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NZD SPOT RATE : 0.643000000 TRADE 3/11/04 VALUE 3/15/04 U S DOLLAR N ZEALAND DOLLAR Mar 15 Spot FX 6,475,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NZD SPOT RATE : 0.647500000 TRADE 3/11/04 VALUE 3/15/04 U S DOLLAR N ZEALAND DOLLAR Mar 15 Spot FX - 6,482,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.648200000 TRADE 3/11/04 VALUE 3/15/04 N ZEALAND DOLLAR U S DOLLAR Mar 15 Spot FX 3,237,500 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NZD SPOT RATE : 0.647500000 TRADE 3/11/04 VALUE 3/15/04 U S DOLLAR N ZEALAND DOLLAR Mar 17 Fwd FX Ctrct 6,753,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.675300000 TRADE 3/09/04 VALUE 3/17/04 - 45,268.75 - 10,000,000.00 - 6,470,397.92 10,000,000.00 6,482,000.00 - 10,000,000.00 - 6,475,000.00 Gain/Loss USD - 10,000,000.00 - 6,430,000.00 Amount Amount USD - 5,000,000.00 - 3,237,500.00 EFTA01553650 03 Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 48 of 88 N Zealand Dollar Activity by Date Settlement continued Realized Type Mar 17 Fwd FX Ctrct Quantity Description 6,779,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.677900000 TRADE 3/09/04 VALUE 3/17/04 Mar 17 Fwd FX Ctrct 6,760,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.676000000 TRADE 3/10/04 VALUE 3/17/04 Mar 17 spot FX - 13,032,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.651600000 TRADE 3/16/04 VALUE 3/17/04 N ZEALAND DOLLAR U S DOLLAR Mar 17 Spot FX - 6,515,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.651500000 TRADE 3/16/04 VALUE 3/17/04 N ZEALAND DOLLAR U S DOLLAR Mar 26 Receipt of Assets 1 INTEREST RATE SWAP 10,000,000 NZD NOTIONAL 3/9/2014 REC:FIXED RATE 6.14% NZD SEMI-ANNUAL PAY:FLOATING RATE NZD 3 MONTH BANK BILL RATE ACTUAL/365 AS OF 03/09/04 Gain/Loss USD - 45,268.75 - 10,000,000.00 - 6,470,397.92 Amount Amount USD - 45,268.74 - 10,000,000.00 - 6,470,397.92 20,000,000.00 13,032,000.00 10,000,000.00 6,515,000.00 EFTA01553651 03 Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 49 of 88 N Zealand Dollar Activity by Date Settlement continued Realized Type Mar 26 Receipt of Assets Quantity Description 1 INTEREST RATE SWAP 10,000,000 NZD NOTIONAL 3/9/2014 REC:FIXED RATE 6.11% NZD SEMI-ANNUAL PAY:FLOATING RATE NZD 3 MONTH BANK BILL RATE ACTUAL/365 AS OF 03/09/04 Gain/Loss USD Amount Amount USD EFTA01553652 03 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 50 of 88 Account Transactions by Currency Norwegian Krone Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Foreign Exchange Ending Balance Norwegian Krone Activity by Date Settlement Date Type Mar 15 Fwd FX Ctrct Quantity Description - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL USD CONTRACT RATE : 6.752500000 TRADE 12/11/03 VALUE 3/15/04 Mar 15 Fwd FX Ctrct 10,028,961.83 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NOK CONTRACT RATE : 6.733000000 TRADE 1/06/04 VALUE 3/15/04 .00 67,525,000.00 - 67,525,000.00 .00 67,525,000.00 - 67,525,000.00 Amount to Date Realized Amount Gain/Loss USD 67,525,000.00 9,734,947.05 Amount USD - 67,525,000.00 - 9,734,947.05 EFTA01553653 03 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 51 of 88 Account Transactions by Currency Pound Sterling Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Pound Sterling Activity by Date Settlement Date Mar 1 Type Spot FX Quantity Description 9,321,500 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.864300000 TRADE 2/26/04 VALUE 3/01/04 U S DOLLAR POUND STERLING Mar 1 Spot FX - 9,293,500 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.858700000 TRADE 2/26/04 VALUE 3/01/04 POUND STERLING U S DOLLAR 5,000,000.00 9,293,500.00 - 43,000,000.00 .00 - 32,258.96 - 76,000,000.00 43,000,000.00 13,000,000.00 63,000,000.00 .00 Amount to Date Realized Amount Gain/Loss USD 28,000.00 - 5,000,000.00 - 9,321,500.00 Amount USD EFTA01553654 03 Date Mar 5 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, Asset Account Portfolio NY 10154-1002 March 01, 2004 - March 31, 2004 Page 52 of 88 Pound Sterling Activity by Date Settlement continued Realized Type Spot FX Quantity Description 9,128,500 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.825700000 TRADE 3/03/04 VALUE 3/05/04 U S DOLLAR POUND STERLING Mar 5 Spot FX - 9,126,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.825200000 TRADE 3/03/04 VALUE 3/05/04 POUND STERLING U S DOLLAR Mar 12 Spot FX 9,137,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.827400000 TRADE 3/10/04 VALUE 3/12/04 U S DOLLAR POUND STERLING Mar 12 Spot FX - 9,103,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.820600000 TRADE 3/10/04 VALUE 3/12/04 POUND STERLING U S DOLLAR Mar 15 Fwd FX Ctrct - 9,191,500 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL USD CONTRACT RATE : 1.838300000 TRADE 1/09/04 VALUE 3/15/04 5,000,000.00 9,103,000.00 5,000,000.00 9,126,000.00 Gain/Loss USD - 5,000,000.00 - 9,128,500.00 Amount Amount USD - 5,000,000.00 - 9,137,000.00 5,000,000.00 8,975,049.36 EFTA01553655 03 Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, Asset Account Portfolio NY 10154-1002 March 01, 2004 - March 31, 2004 Page 53 of 88 Pound Sterling Activity by Date Settlement continued Realized Type Mar 15 Fwd FX Ctrct Quantity Description - 5,473,500 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL USD CONTRACT RATE : 1.824500000 TRADE 1/14/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct 9,374,500 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.874900000 TRADE 2/11/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct 5,598,300 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.866100000 TRADE 3/01/04 VALUE 3/15/04 Mar 17 Fwd FX Ctrct 9,123,500 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.824700000 TRADE 3/10/04 VALUE 3/17/04 Mar 17 Fwd FX Ctrct 9,129,500 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.825900000 TRADE 3/10/04 VALUE 3/17/04 Mar 17 Spot FX - 18,140,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.814000000 TRADE 3/16/04 VALUE 3/17/04 POUND STERLING U S DOLLAR Mar 30 FX Opt Asgn'D 9,025,000 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION SELL GBP BUY USD TRADE 3/26/04 VALUE 3/30/04 - 16,129.48 Gain/Loss USD 3,000,000.00 5,385,029.61 Amount Amount USD - 5,000,000.00 - 8,975,049.36 - 3,000,000.00 - 5,385,029.61 - 5,000,000.00 - 9,053,870.52 - 16,129.48 - 5,000,000.00 - 9,053,870.52 10,000,000.00 18,140,000.00 - 5,000,000.00 - 9,134,088.42 EFTA01553656 EFTA01553657 03 Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, Asset Account Portfolio NY 10154-1002 March 01, 2004 - March 31, 2004 Page 54 of 88 Pound Sterling Activity by Date Settlement continued Realized Type Mar 30 FX Opt Asgn'D Quantity Description - 18,450,000 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION BUY GBP SELL USD TRADE 3/26/04 VALUE 3/30/04 Mar 30 Spot FX 9,095,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.819000000 TRADE 3/26/04 VALUE 3/30/04 U S DOLLAR POUND STERLING Gain/Loss USD 10,000,000.00 18,268,176.84 Amount Amount USD - 5,000,000.00 - 9,095,000.00 EFTA01553658 03 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 55 of 88 Account Transactions by Currency Taiwanese Dollar Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Foreign Exchange Ending Balance Taiwanese Dollar Activity by Date Settlement Date Type Mar 30 Fwd FX Ctrct Quantity Description - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY TWD SELL USD CONTRACT RATE : 33.350000000 TRADE 3/01/04 VALUE 3/30/04 Mar 30 Fwd FX Ctrct 5,004,501.80 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL TWD CONTRACT RATE : 33.320000000 TRADE 3/01/04 VALUE 3/30/04 .00 166,750,000.00 - 166,750,000.00 .00 166,750,000.00 - 166,750,000.00 Amount to Date Realized Amount Gain/Loss USD 166,750,000.00 5,043,096.93 Amount USD - 166,750,000.00 - 5,043,096.93 EFTA01553659 03 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 56 of 88 Account Transactions by Currency U S Dollar Activity Summary Amount this Period USD Beginning Balance Credits Dividends Sweep Account Sales Sales, Maturities, Redemptions Miscellaneous Receipts Foreign Exchange Debits Sweep Account Purchases Purchases of Securities Foreign Exchange Ending Balance - 19,170,355.64 - 6,748,136.00 - 334,425,000.00 .00 *Year to date information is calculated on a calendar year basis. - 85,249,299.28 - 8,369,120.00 - 628,113,400.00 28,772.46 19,316,378.80 4,504,192.00 336,494,148.38 71,214.97 66,067,191.04 20,721,225.00 103,054.02 634,769,134.25 .00 Amount Year to Date USD* U S Dollar Activity by Date Type Settlement Date Mar 1 Dividend Quantity Description JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) Amount USD 28,772.46 EFTA01553660 03 Settlement Date Mar 1 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 57 of 88 U S Dollar Activity by Date Type continued Quantity Description Spot FX - 5,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.864300000 TRADE 2/26/04 VALUE 3/01/04 U S DOLLAR POUND STERLING Mar 1 Spot FX 5,000,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.858700000 TRADE 2/26/04 VALUE 3/01/04 POUND STERLING U S DOLLAR Mar 1 Mar 3 Purchase Purchase Opt 56,772.46 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 327,500,000 TWD CALL USD PUT FX EUROPEAN STYLE OPTION MAR 01, 2005 8 32.75 PURCHASED FX OPTION CALL 327,500,000.00 TWD PUT 10,000,000.00 USD TRADE DATE 03/01/04 Mar 3 Mar 4 Sale Spot FX - 196,000 - 10,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.226700000 TRADE 3/02/04 VALUE 3/04/04 U S DOLLAR EURO PRINCIPAL CURRENCY 196,000.00 12,267,000.00 - 9,293,500.00 Amount USD 9,321,500.00 - 56,772.46 - 196,000.00 EFTA01553661 03 Settlement Date Mar 4 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 58 of 88 U S Dollar Activity by Date Type continued Quantity Description Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.224400000 TRADE 3/02/04 VALUE 3/04/04 EURO PRINCIPAL CURRENCY U S DOLLAR Mar 4 Buy-Back Opt 5,200,000 EUR PUT USD CALL FX EUROPEAN STYLE OPTION AUG 19, 2004 @ 1.255 KNOCK IN @ 1.24 KNOCK OUT @ 1.2940 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/02/04 Mar 4 Buy-Back Opt 5,200,000 EUR PUT USD CALL FX EUROPEAN STYLE OPTION AUG 19, 2004 @ 1.255 KNOCK IN @ 1.24 KNOCK OUT @ 1.2940 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/02/04 Mar 4 Buy-Back Opt 987,350,000 JPY PUT USD CALL FX EUROPEAN STYLE OPTION NOV 19, 2004 @ 108.5 KNOCK IN @ 110.75 KNOCK OUT @ 105.35 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/02/04 Mar 4 Sale - 655,914 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 655,914.00 - 208,390.00 - 210,137.00 Amount USD - 12,244,000.00 - 260,387.00 EFTA01553662 03 Settlement Date Mar 5 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 59 of 88 U S Dollar Activity by Date Type continued Quantity Description Spot FX - 10,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.217500000 TRADE 3/03/04 VALUE 3/05/04 U S DOLLAR EURO PRINCIPAL CURRENCY Mar 5 Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.217500000 TRADE 3/03/04 VALUE 3/05/04 EURO PRINCIPAL CURRENCY U S DOLLAR Mar Spot FX - 10,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL AUD SPOT RATE : 0.751300000 TRADE 3/03/04 VALUE 3/05/04 U S DOLLAR AUSTRALIA DOLLAR Mar 5 Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.751200000 TRADE 3/03/04 VALUE 3/05/04 AUSTRALIA DOLLAR U S DOLLAR Mar 5 Spot FX - 5,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.825700000 TRADE 3/03/04 VALUE 3/05/04 U S DOLLAR POUND STERLING - 7,512,000.00 - 12,175,000.00 Amount USD 12,175,000.00 7,513,000.00 9,128,500.00 EFTA01553663 03 Settlement Date Mar 5 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 60 of 88 U S Dollar Activity by Date Type continued Quantity Description Spot FX 5,000,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.825200000 TRADE 3/03/04 VALUE 3/05/04 POUND STERLING U S DOLLAR Mar 5 Mar 8 Sale Spot FX - 10,423,241 1,107,500,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - BUY BUY JPY SELL USD SPOT RATE : 110.750000000 TRADE 3/04/04 VALUE 3/08/04 JAPANESE YEN U S DOLLAR mar 8 Spot FX -1,107,500,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL JPY SPOT RATE : 110.880000000 TRADE 3/04/04 VALUE 3/08/04 U S DOLLAR JAPANESE YEN Mar 8 Mar 9 Purchase Spot FX 14,813,714.79 556,250,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - BUY BUY JPY SELL USD SPOT RATE : 111.250000000 TRADE 3/05/04 VALUE 3/09/04 JAPANESE YEN U S DOLLAR Amount USD - 9,126,000.00 10,423,241.00 - 10,000,000.00 9,988,275.61 - 14,813,714.79 - 5,000,000.00 EFTA01553664 03 Settlement Date Mar 9 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 61 of 88 U S Dollar Activity by Date Type continued Quantity Description Spot FX - 556,250,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL JPY SPOT RATE : 111.700000000 TRADE 3/05/04 VALUE 3/09/04 U S DOLLAR JAPANESE YEN Mar 9 Write Option -1,120,000,000 JPY PUT USD CALL FX EUROPEAN STYLE OPTION SEP 07, 2004 @ 112. KNOCK IN @ 113 KNOCK OUT @ 106 WRITTEN FX OPTION PUT 1,120,000,000.00 JPY CALL 10,000,000.00 USD TRADE DATE 03/05/04 Mar 9 Buy-Back Opt 6,500,000 EUR CALL USD PUT FX EUROPEAN STYLE OPTION MAY 04, 2004 @ 1.29 KNOCK IN @ 1.33 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/05/04 Mar 9 Receipt of Assets 1 INTEREST RATE SWAP 30,000,000 USD NOTIONAL 3/9/2014 REC: FLOATING RATE USD 3 MONTH LIBOR PAY FIXED RATE 4.205% ACTUAL/360 JPMORGAN CHASE BANK TRADE DATE 03/05/04 Mar 9 Purchase 84,577.76 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) - 84,577.76 - 45,279.00 Amount USD 4,979,856.76 150,000.00 EFTA01553665 03 Settlement Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 62 of 88 U S Dollar Activity by Date Type continued Quantity Description Mar 10 Sale Mar 12 Fwd FX Ctrct - 4,398,698.18 1,100,200,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SETTLE FORWARD CURRENCY CONTRACT BUY JPY SELL USD CONTRACT RATE : 110.020000000 TRADE 3/03/04 VALUE 3/12/04 Mar 12 Fwd FX Ctrct - 550,100,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 112.190000000 TRADE 3/08/04 VALUE 3/12/04 Mar 12 Fwd FX Ctrct - 550,100,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 112.170000000 TRADE 3/08/04 VALUE 3/12/04 Mar 12 Spot FX - 5,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.827400000 TRADE 3/10/04 VALUE 3/12/04 U S DOLLAR POUND STERLING Mar 12 Spot FX 5,000,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.820600000 TRADE 3/10/04 VALUE 3/12/04 POUND STERLING U S DOLLAR - 9,103,000.00 Amount USD 4,398,698.18 - 10,000,000.00 4,903,289.06 4,904,163.32 9,137,000.00 EFTA01553666 03 Settlement Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 63 of 88 U S Dollar Activity by Date Type continued Quantity Description Mar 12 Buy-Back Opt 13,513,500 ?MD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .68 KNOCK IN TRIGGERED @ .6625 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/10/04 Mar 12 Sale Mar 15 Fwd FX Ctrct - 832,114.62 10,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.212500000 TRADE 12/11/03 VALUE 3/15/04 Mar 15 Fwd FX Ctrct 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.728700000 TRADE 12/11/03 VALUE 3/15/04 Mar 15 Fwd FX Ctrct 67,525,000 SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL USD CONTRACT RATE : 6.752500000 TRADE 12/11/03 VALUE 3/15/04 Mar 15 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.258300000 TRADE 12/31/03 VALUE 3/15/04 Mar 15 Fwd FX Ctrct 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY ?MD SELL USD CONTRACT RATE : 0.654400000 TRADE 1/02/04 VALUE 3/15/04 832,114.62 - 12,125,000.00 Amount USD - 673,567.00 - 7,287,000.00 - 10,000,000.00 12,583,000.00 - 6,544,000.00 EFTA01553667 03 Settlement Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 64 of 88 U S Dollar Activity by Date Type continued Quantity Description Mar 15 Fwd FX Ctrct 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.653400000 TRADE 1/02/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.752400000 TRADE 1/02/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.256100000 TRADE 1/05/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.663700000 TRADE 1/05/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.275100000 TRADE 1/06/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct - 67,525,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NOK CONTRACT RATE : 6.733000000 TRADE 1/06/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct - 20,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.762900000 TRADE 1/07/04 VALUE 3/15/04 Amount USD - 6,534,000.00 - 7,524,000.00 - 12,561,000.00 6,637,000.00 12,751,000.00 10,028,961.83 15,258,000.00 EFTA01553668 03 Settlement Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 65 of 88 U S Dollar Activity by Date Type continued Quantity Description Mar 15 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.666900000 TRADE 1/07/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.772200000 TRADE 1/09/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.678300000 TRADE 1/09/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.282700000 TRADE 1/09/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL USD CONTRACT RATE : 1.838300000 TRADE 1/09/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.277000000 TRADE 1/12/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct 3,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL USD CONTRACT RATE : 1.824500000 TRADE 1/14/04 VALUE 3/15/04 Amount USD 6,669,000.00 - 3,861,000.00 - 3,391,500.00 - 6,413,500.00 - 9,191,500.00 6,385,000.00 - 5,473,500.00 EFTA01553669 03 Settlement Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 66 of 88 U S Dollar Activity by Date Type continued Quantity Description Mar 15 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.764200000 TRADE 1/15/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.874900000 TRADE 2/11/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct - 3,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.866100000 TRADE 3/01/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.688500000 TRADE 3/01/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.663400000 TRADE 3/10/04 VALUE 3/15/04 Mar 15 Fwd FX Ctrct 15,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.665300000 TRADE 3/10/04 VALUE 3/15/04 Mar 15 Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.650200000 TRADE 3/11/04 VALUE 3/15/04 N ZEALAND DOLLAR U S DOLLAR Amount USD 3,821,000.00 9,374,500.00 5,598,300.00 3,442,500.00 6,634,000.00 - 9,979,500.00 - 6,502,000.00 EFTA01553670 03 Settlement Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 67 of 88 U S Dollar Activity by Date Type continued Quantity Description Mar 15 Spot FX - 10,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NZD SPOT RATE : 0.643000000 TRADE 3/11/04 VALUE 3/15/04 U S DOLLAR N ZEALAND DOLLAR Mar 15 Spot FX - 10,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NZD SPOT RATE : 0.647500000 TRADE 3/11/04 VALUE 3/15/04 U S DOLLAR N ZEALAND DOLLAR Mar 15 Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.648200000 TRADE 3/11/04 VALUE 3/15/04 N ZEALAND DOLLAR U S DOLLAR Mar 15 Spot FX - 5,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NZD SPOT RATE : 0.647500000 TRADE 3/11/04 VALUE 3/15/04 U S DOLLAR N ZEALAND DOLLAR - 6,482,000.00 6,475,000.00 Amount USD 6,430,000.00 3,237,500.00 EFTA01553671 03 Settlement Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 68 of 88 U S Dollar Activity by Date Type continued Quantity Description Mar 15 Purchase Opt 20,000,000 NZD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 13, 2004 @ .66 KNOCK OUT @ .62 KNOCK OUT @ .68 BARRIER EXP 4/13/04 PURCHASED FX OPTION CALL 20,000,000.00 NZD PUT 13,200,000.00 USD TRADE DATE 03/11/04 Mar 15 Write Option - 15,000,000 NZD PUT USD CALL FX EUROPEAN STYLE OPTION SEP 13, 2004 @ .63 KNOCK IN @ .60 WRITTEN FX OPTION PUT 15,000,000.00 NZD CALL 9,450,000.00 USD TRADE DATE 03/11/04 Mar 15 Write Option - 26,666,667 NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 29, 2004 @ .64 KNOCK IN @ .60 WRITTEN FX OPTION PUT 26,666,667.00 NZD CALL 17,066,667.00 USD TRADE DATE 03/11/04 Mar 15 Buy-Back Opt 5,000,000 EUR PUT USD CALL FX EUROPEAN STYLE OPTION JUL 20, 2004 @ 1.23 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/11/04 - 184,808.00 762,880.00 272,160.00 Amount USD - 129,360.00 EFTA01553672 03 Settlement Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 69 of 88 U S Dollar Activity by Date Type continued Quantity Description Mar 15 Write Option - 5,625,000 EUR CALL USD PUT FX EUROPEAN STYLE OPTION JUL 20, 2004 @ 1.24 KNOCK IN @ 1.26 WRITTEN FX OPTION CALL 5,625,000.00 EUR PUT 6,975,000.00 USD TRADE DATE 03/11/04 Mar 15 Purchase Mar 16 Expired Opt 2,310,751.83 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) - 80,500,000 CHF CALL USD PUT FX EUROPEAN STYLE OPTION MAR 15, 2004 @ 1.15 Mar 16 Expired Opt - 58,750,000 EXPIRATION OF PURCHASED FX OPTION CHF CALL USD PUT FX EUROPEAN STYLE OPTION MAR 16, 2004 @ 1.175 EXPIRATION OF PURCHASED FX OPTION Mar 16 Spot FX - 10,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.222500000 TRADE 3/12/04 VALUE 3/16/04 U S DOLLAR EURO PRINCIPAL CURRENCY Mar 16 Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.220500000 TRADE 3/12/04 VALUE 3/16/04 EURO PRINCIPAL CURRENCY U S DOLLAR - 12,205,000.00 12,225,000.00 - 2,310,751.83 Amount USD 134,618.00 EFTA01553673 03 Settlement Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 70 of 88 U S Dollar Activity by Date Type continued Quantity Description Mar 16 Write Option - 15,000,000 GBP CALL USD PUT FX EUROPEAN STYLE OPTION MAR 26, 2004 @ 1.805 KNOCK IN @ 1.84 WRITTEN FX OPTION CALL 15,000,000.00 GBP PUT 27,075,000.00 USD TRADE DATE 03/12/04 Mar 16 Purchase Mar 17 Fwd FX Ctrct 166,205 - 10,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.237800000 TRADE 3/08/04 VALUE 3/17/04 Mar 17 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.675300000 TRADE 3/09/04 VALUE 3/17/04 Mar 17 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.677900000 TRADE 3/09/04 VALUE 3/17/04 Mar 17 Fwd FX Ctrct - 7,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.242400000 TRADE 3/09/04 VALUE 3/17/04 - 166,205.00 12,378,000.00 Amount USD 146,205.00 6,753,000.00 6,779,000.00 8,696,800.00 EFTA01553674 03 Settlement Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 71 of 88 U S Dollar Activity by Date Type continued Quantity Description Mar 17 Fwd FX Ctrct 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.228000000 TRADE 3/10/04 VALUE 3/17/04 Mar 17 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.676000000 TRADE 3/10/04 VALUE 3/17/04 Mar 17 Fwd FX Ctrct - 13,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.232000000 TRADE 3/10/04 VALUE 3/17/04 Mar 17 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.824700000 TRADE 3/10/04 VALUE 3/17/04 Mar 17 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.825900000 TRADE 3/10/04 VALUE 3/17/04 Mar 17 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.231100000 TRADE 3/10/04 VALUE 3/17/04 Mar 17 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.228100000 TRADE 3/11/04 VALUE 3/17/04 Amount USD - 12,280,000.00 6,760,000.00 16,016,000.00 9,123,500.00 9,129,500.00 6,155,500.00 12,281,000.00 EFTA01553675 03 Settlement Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 72 of 88 U S Dollar Activity by Date Type continued Quantity Description Mar 17 Write Option - 5,000,000 GBP PUT USD CALL FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.78 KNOCK IN @ 1.76 WRITTEN FX OPTION PUT 5,000,000.00 GBP CALL 8,900,000.00 USD TRADE DATE 03/15/04 Mar 17 Purchase Opt 5,000,000 GBP CALL USD PUT FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.8 PURCHASED FX OPTION CALL 5,000,000.00 GBP PUT 9,000,000.00 USD TRADE DATE 03/15/04 Mar 17 Write Option - 5,000,000 GBP CALL USD PUT FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.83 KNOCK IN @ 1.86 WRITTEN FX OPTION CALL 5,000,000.00 GBP PUT 9,150,000.00 USD TRADE DATE 03/15/04 Mar 17 Purchase Mar 17 Spot FX 1,162,020 20,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.651600000 TRADE 3/16/04 VALUE 3/17/04 N ZEALAND DOLLAR U S DOLLAR - 1,162,020.00 - 13,032,000.00 91,500.00 - 152,100.00 Amount USD 167,320.00 EFTA01553676 03 Settlement Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 73 of 88 U S Dollar Activity by Date Type continued Quantity Description Mar 17 Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL U5D SPOT RATE : 0.651500000 TRADE 3/16/04 VALUE 3/17/04 U ZEALAND DOLLAR U 5 DOLLAR Mar 17 Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.814000000 TRADE 3/16/04 VALUE 3/17/04 POUND STERLING U 5 DOLLAR Mar 17 Spot FX 35,000,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL U5D SPOT RATE : 1.230000000 TRADE 3/16/04 VALUE 3/17/04 EURO PRINCIPAL CURRENCY U S DOLLAR Mar 18 Spot FX - 10,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL AUD SPOT RATE : 0.743000000 TRADE 3/16/04 VALUE 3/18/04 U S DOLLAR AUSTRALIA DOLLAR Mar 18 Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.743000000 TRADE 3/16/04 VALUE 3/18/04 AUSTRALIA DOLLAR U S DOLLAR - 7,430,000.00 Amount USD - 6,515,000.00 - 18,140,000.00 - 43,050,000.00 7,430,000.00 EFTA01553677 03 Settlement Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 74 of 88 U S Dollar Activity by Date Type continued Quantity Description Mar 18 Buy-Back Opt 2,000,000 AUD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 11, 2004 @ .7775 KNOCK IN TRIGGERED @ .7565 KNOCK OUT @ .8020 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/16/04 Mar 18 Buy-Back Opt 7,000,000 AUD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 27, 2004 @ .76 KNOCK IN TRIGGERED @ .7475 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/16/04 Mar 18 Buy-Back Opt 2,300,000 AUD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .77 KNOCK IN @ TRIGGERED @ .755 KNOCK OUT @ .7965 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/16/04 Mar 18 Buy-Back Opt 1,666,666 GBP PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ 1.865 KNOCK IN TRIGGERED @ 1.8285 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/16/04 Mar 18 Buy-Back Opt 1,666,666 GBP PUT USD CALL FX EUROPEAN STYLE OPTION AUG 20, 2004 @ 1.875 KNOCK IN TRIGGERED @ 1.8375 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/16/04 - 181,016.00 - 201,109.00 - 120,782.00 - 338,219.00 Amount USD - 112,271.00 EFTA01553678 03 Settlement Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 75 of 88 U S Dollar Activity by Date Type continued Quantity Description Mar 18 Buy-Back Opt 5,000,000 NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .68 KNOCK IN TRIGGERED @ .6625 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/16/04 Mar 18 Write Option -1,002,250,000 HUF PUT USD CALL FX EUROPEAN STYLE OPTION SEP 16, 2004 @ 211. KNOCK IN @ 220 WRITTEN FX OPTION PUT 1,002,250,000.00 HUF CALL 4,750,000.00 USD TRADE DATE 03/16/04 Mar 18 Buy-Back Opt 2,333,333 EUR PUT USD CALL FX EUROPEAN STYLE OPTION JUL 16, 2004 @ 1.22 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/16/04 Mar 18 sale Mar 19 Write Option - 1,042,710 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) -1,696,000,000 HUF PUT USD CALL FX EUROPEAN STYLE OPTION SEP 16, 2004 @ 212. KNOCK IN @ 220 WRITTEN FX OPTION PUT 1,696,000,000.00 HUF CALL 8,000,000.00 USD TRADE DATE 03/17/04 1,042,710.00 424,000.00 - 73,088.00 277,875.00 Amount USD - 294,100.00 EFTA01553679 03 Settlement Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 76 of 88 U S Dollar Activity by Date Type continued Quantity Description Mar 19 Purchase Mar 22 Buy-Back Opt 424,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 2,250,000 GBP PUT USD CALL FX EUROPEAN STYLE OPTION AUG 20, 2004 @ 1.875 KNOCK IN TRIGGERED @ 1.8375 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/18/04 Mar 22 Buy-Back Opt 5,000,000 NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .68 KNOCK IN TRIGGERED @ .6625 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/18/04 Mar 22 Buy-Back Opt 5,000,000 EUR PUT USD CALL FX EUROPEAN STYLE OPTION JUL 20, 2004 @ 1.23 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/18/04 Mar 22 Buy-Back Opt 3,400,000 GBP PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ 1.865 KNOCK IN TRIGGERED @ 1.8285 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/18/04 Mar 22 Buy-Back Opt 15,000,000.60 EUR PUT USD CALL FX EUROPEAN STYLE OPTION JUL 16, 2004 @ 1.22 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/18/04 - 392,078.00 - 387,118.00 - 162,053.00 - 254,745.00 Amount USD - 424,000.00 - 210,938.00 EFTA01553680 03 Settlement Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 77 of 88 U S Dollar Activity by Date Type continued Quantity Description Mar 22 sale Mar 24 Buy-Back Opt - 1,406,932 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 1,000,000 GBP PUT USD CALL FX EUROPEAN STYLE OPTION AUG 20, 2004 @ 1.875 KNOCK IN TRIGGERED @ 1.8375 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/22/04 Mar 24 Sale Mar 25 Buy-Back Opt - 81,563 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 10,000,000 GBP CALL USD PUT FX EUROPEAN STYLE OPTION MAR 26, 2004 @ 1.805 KNOCK IN TRIGGERED @ 1.84 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/23/04 Mar 25 Write Option - 10,000,000 GBP PUT USD CALL FX EUROPEAN STYLE OPTION MAR 26, 2004 @ 1.845 WRITTEN FX OPTION PUT 10,000,000.00 GBP CALL 18,450,000.00 USD TRADE DATE 03/23/04 69,372.00 81,563.00 - 433,200.00 Amount USD 1,406,932.00 - 81,563.00 EFTA01553681 03 Settlement Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 78 of 88 U S Dollar Activity by Date Type continued Quantity Description Mar 25 Write Option - 15,000,000 GBP PUT USD CALL FX EUROPEAN STYLE OPTION APR 22, 2004 @ 1.84 KNOCK IN TRIGGERED @ 1.8250 WRITTEN FX OPTION PUT 15,000,000.00 GBP CALL 27,600,000.00 USD TRADE DATE 03/23/04 Mar 25 sale Mar 26 Write Option - 62,988 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) - 5,000,000 GBP CALL USD PUT FX EUROPEAN STYLE OPTION MAY 24, 2004 @ 1.85 KNOCK IN @ 1.87 WRITTEN FX OPTION CALL 5,000,000.00 GBP PUT 9,250,000.00 USD TRADE DATE 03/24/04 Mar 26 Buy-Back Opt 1,000,000 GBP PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ 1.865 KNOCK IN TRIGGERED @ 1.8285 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/24/04 Mar 26 Buy-Back Opt 1,000,000 GBP PUT USD CALL FX EUROPEAN STYLE OPTION AUG 20, 2004 @ 1.875 KNOCK IN TRIGGERED @ 1.8375 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/24/04 - 89,719.00 - 103,461.00 62,988.00 94,350.00 Amount USD 300,840.00 EFTA01553682 03 Settlement Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 79 of 88 U S Dollar Activity by Date Type continued Quantity Description Mar 26 Sale Mar 29 Write Option - 98,830 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) - 10,000,000 EUR CALL CHF PUT FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.565 WRITTEN FX OPTION CALL 10,000,000.00 EUR PUT 15,650,000.00 CHF TRADE DATE 03/25/04 Mar 29 Purchase Opt 10,096,774 EUR PUT CHF CALL FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.55 PURCHASED FX OPTION PUT 10,096,774.00 EUR CALL 15,650,000.00 CHF TRADE DATE 03/25/04 Mar 29 Write Option - 10,262,295 EUR PUT CHF CALL FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.525 KNOCK IN @ 1.52 WRITTEN FX OPTION PUT 10,262,295.00 EUR CALL 15,650,000.00 CHF TRADE DATE 03/25/04 Mar 29 Write Option - 10,000,000 EUR CALL CHF PUT FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.565 WRITTEN FX OPTION CALL 10,000,000.00 EUR PUT 15,650,000.00 CHF TRADE DATE 03/25/04 38,273.00 44,887.00 - 141,691.00 Amount USD 98,830.00 36,146.00 EFTA01553683 03 Settlement Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 80 of 88 U S Dollar Activity by Date Type continued Quantity Description Mar 29 Purchase Opt 10,096,774 EUR PUT CHF CALL FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.55 PURCHASED FX OPTION PUT 10,096,774.00 EUR CALL 15,650,000.00 CHF TRADE DATE 03/25/04 Mar 29 Write Option - 10,262,295 EUR PUT CHF CALL FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.525 KNOCK IN @ 1.52 WRITTEN FX OPTION PUT 10,262,295.00 EUR CALL 15,650,000.00 CHF TRADE DATE 03/25/04 Mar 29 Receipt of Assets 1 CROSS CURRENCY SWAP 10MM NZD NOTIONAL 6.51MM USD NOTIONAL 3/9/2014 REC: FIXED RATE 6.26% NZD SEMI-ANNUAL PAY: FLOATING RATE USD 3 MONTH LIBOR QUARTERLY JPMORGAN CHASE BANK TRADE DATE 03/25/04 AS OF 03/09/04 Mar 29 Receipt of Assets 1 CROSS CURRENCY SWAP 10MM AUD NOTIONAL 7.41MM USD NOTIONAL 3/9/2014 REC: FIXED RATE 5.84% AUD SEMI-ANNUAL PAY: FLOATING RATE USD 3 MONTH LIBOR QUARTERLY JPMORGAN CHASE BANK TRADE DATE 03/25/04 AS OF 03/09/04 42,394.00 Amount USD - 137,397.00 EFTA01553684 03 Settlement Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 81 of 88 U S Dollar Activity by Date Type continued Quantity Description Mar 29 Sale Mar 30 Fwd FX Ctrct - 117,388 166,750,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SETTLE FORWARD CURRENCY CONTRACT BUY TWD SELL USD CONTRACT RATE : 33.350000000 TRADE 3/01/04 VALUE 3/30/04 Mar 30 Fwd FX Ctrct - 166,750,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL TWD CONTRACT RATE : 33.320000000 TRADE 3/01/04 VALUE 3/30/04 Mar 30 Write Option - 102,750,000 NOK CALL USD PUT FX EUROPEAN STYLE OPTION APR 28, 2004 @ 6.85 KNOCK IN @ 6.75 WRITTEN FX OPTION CALL 102,750,000.00 NOK PUT 15,000,000.00 USD TRADE DATE 03/26/04 Mar 30 write Option - 10,000,000 GBP PUT USD CALL FX EUROPEAN STYLE OPTION APR 28, 2004 @ 1.79 KNOCK IN @ 1.77 WRITTEN FX OPTION PUT 10,000,000.00 GBP CALL 17,900,000.00 USD TRADE DATE 03/26/04 132,460.00 Amount USD 117,388.00 - 5,000,000.00 5,004,501.80 121,500.00 EFTA01553685 03 Settlement Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 82 of 88 U S Dollar Activity by Date Type continued Quantity Description Mar 30 Write Option - 10,000,000 GBP CALL USD PUT FX EUROPEAN STYLE OPTION APR 28, 2004 @ 1.845 KNOCK IN @ 1.8650 WRITTEN FX OPTION CALL 10,000,000.00 GBP PUT 18,450,000.00 USD TRADE DATE 03/26/04 Mar 30 FX Option Assignment 5,000,000 GBP CALL USD PUT FX EUROPEAN STYLE OPTION MAR 26, 2004 @ 1.805 KNOCK IN TRIGGERED @ 1.84 WRITTEN FX OPTION ASSIGNED CALL 9,025,000.00 USD PUT 5,000,000.00 GBP TRADE DATE 03/26/04 Mar 30 FX Opt Asgn'D - 5,000,000 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION SELL GBP BUY USD TRADE 3/26/04 VALUE 3/30/04 Mar 30 FX Option Assignment 10,000,000 GBP PUT USD CALL FX EUROPEAN STYLE OPTION MAR 26, 2004 @ 1.845 WRITTEN FX OPTION ASSIGNED CALL 10,000,000.00 GBP PUT 18,450,000.00 USD TRADE DATE 03/26/04 Mar 30 FX Opt Asgn'D 10,000,000 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION BUY GBP SELL USD TRADE 3/26/04 VALUE 3/30/04 - 18,450,000.00 9,025,000.00 Amount USD 110,700.00 EFTA01553686 03 Settlement Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 83 of 88 U S Dollar Activity by Date Type continued Quantity Description Mar 30 Purchase Mar 30 Spot FX 39,161.80 - 5,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.819000000 TRADE 3/26/04 VALUE 3/30/04 U S DOLLAR Mar 31 Write Option - 20,000,000 POUND STERLING NZD CALL USD PUT FX EUROPEAN STYLE OPTION MAR 30, 2004 @ .653 WRITTEN FX OPTION CALL 20,000,000.00 NZD PUT 13,060,000.00 USD TRADE DATE 03/29/04 Mar 31 Write Option - 25,000,000 EUR PUT USD CALL FX EUROPEAN STYLE OPTION OCT 27, 2004 @ 1.2 KNOCK IN @ 1.1885 WRITTEN FX OPTION PUT 25,000,000.00 EUR CALL 30,000,000.00 USD TRADE DATE 03/29/04 Mar 31 Buy-Back Opt 20,000,000 EUR PUT USD CALL FX EUROPEAN STYLE OPTION OCT 27, 2004 @ 1.22 KNOCK IN @ 1.202 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/29/04 - 973,560.00 903,000.00 Amount USD - 39,161.80 9,095,000.00 28,732.00 EFTA01553687 03 Settlement Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 84 of 88 U S Dollar Activity by Date Type continued Quantity Description Mar 31 Write Option - 20,000,000 EUR CALL USD PUT FX EUROPEAN STYLE OPTION APR 28, 2004 @ 1.23 KNOCK IN @ 1.25 WRITTEN FX OPTION CALL 20,000,000.00 EUR PUT 24,600,000.00 USD TRADE DATE 03/29/04 Mar 31 Purchase 113,152 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) - 113,152.00 Amount USD 154,980.00 In Case of Errors or Questions About Your Electronic Transfers. Contact yourMorgan Teamat one ofthe telephonenumbers on the front of this statement or write us at 5 00 Stanton ChristianaRoad, 1/OPS, Newark,DE19713-2107 as soon as you can, if you think yourstatement is wrong or if you needmore information about a transfer on the statement. We must hearfrom you no laterthan 60 days afterwe sent you the FIRSTstatement on w hich the erroror problem appeared. (1) Tellus yourname and account number. (2) Describethe erroror t he transferyou are unsure about, and explainas clearly as you can why you believe it is in erroror why you need more information. (3) tell us the dollaramount of the suspected error. Ifyou contact us orally, you must send us your complaint or question in wri ting within 10 business days in order to preserveyour rights. We will investigateyourcomplaint and will correct any errorpromptly. Ifwe take more than 10 business days to do this (20 days for purchases using yourdebit card or for internationaltransactions),we will credi t youraccount for the amount you think is in error, so that you will have the use ofmoneyduring the time it takes us to complete our investigation. In case of errors or questions about your statement, including your line of credit. If you think that your statement is incorrect or if you need more information about a transaction on your statement including a line of credit transaction, you must write to us on a separate sheet des cribing the error and send it to: JPMorgan, Private Bank, 500 Stanton Christiana Road, 1/OPS3, Newark, DE 19713-2107. We must hear from you no 1 ater than 60 days after the statement on which the error or problem appeared is sent. You can contac t your client service specialist but doing so will not preserve your rights. In your letter, please provide the following information: (1) your name and account number; (2) the dollar amount of the suspected error; and (3) a description of the error and explanation, if you can , why you believe there is an error. If you need more information, you must describe the item you are unsure about. EFTA01553688 03 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 85 of 88 The JPMorgan Funds or The JPMorgan Institutional Funds or The American Century Funds Shares of the funds are not bank deposits and are not guaranteedby any bank, governmententity, or th e FDIC. Return and share price will fluctuate and redemption valuemay be more or less than original cost. While the money marketfunds seekto maintain a stable net asset valueof$1.00 pershare, there is no assurancethat they will continue to do so. The estimatedann ualincome and dividendyieldfigures for mutual funds representthe funds' most recentincome dividendan nualized. J.P. Morgan Funds Distributor, Inc. is the distributor of the JPMorgan Funds and American Centurylnv estmentServices, Inc. is the distributor of the American CenturyFunds. J.P. Morgan InvestmentManagem entlnc. and American CenturylnvestmentManagement Inc. serveas investment advisors to theirrespectivefund familiesand receivecompensation from theirrespect ivefund families for providing investment advisoryand other services. If you have chosen one of the sweep mutual funds, you are notified that positions in the Prime Money Market Sweep Fund represent holdings in the JPMorgan Prime Money Market Fund; positions in the Fede ralMoney Market Sweep Fund represent holdings in the JPMorgan FederalMoneyMarketFund; and positions in the TaxExemptMoneyMarketSweep Fund representholdin gs in the JPMorgan TaxExemptMoneyMarketFund. JPMSI is the custodian of listed options and all mutual funds purchasedthrough JPMSI excludingJPMorg an and AmericanCenturyfunds. JPMSI is a memberof the Securities InvestorProtection Corporation ("SIPC"),a not-for-profit membersh ip corporation funded by broker-dealersregisteredwith the Securitiesand ExchangeCommission. Securiti esand cash held for a customer account at JPMSI are protected up to the total net equity of each account.. The first $500,000 of protection, which includes up to $ 100,000 of protection for cash, is providedby SIPC. As ofMarch 2004, the balanceof the protection is providedby a separateExcessSlPC SuretyBond issued by Customer Asset Protection Company. SIPCand excessSlPCprotection do not protect against losses from fluctuatio ns in the valueof the securities. Assets held in custody by JPMorgan ChaseBank(the "Bank")are not su bject to SIPCor excessSlPC protection. J.P. Morgan Securities Inc., JPMorgan Chase Bank or their affiliates (the "Morgan Companies")may pro vide administrative, custodial, sales, distribution or shareholderservices to JPMorgan Funds, Americ an Century Funds, or funds established, sponsored, advised, or managedby third parties, and the Morgan Companiesmaybe compensatedfor such services. JPMorgan Private Bank is the marketing name for the private banking business conducted by J.P.Morgan Chase & Co. through its subsidiaries worldwide, including JPMorgan Chase Bank, J.P. Morgan Trust Co mpany, N.A. and J.P. Morgan Securities Inc. EFTA01553689 03 J.P. Morgan Securities Inc. 2004 Account Number: 161121381 FINANCIAL TRUST COMPANY INC 270 Park Avenue, New York, NY 10017 Margin Account Portfolio March 01, 2004 - March 31, 2004 Page 86 of 88 Margin Account Portfolio March 1 - March 31, 2004 Table of Contents Portfolio Summary Account Officers D'ORAZIO/HORNAK Page 87 All positions in this Margin Account Portfolio are held in custody at J.P. Morgan Securities Inc. (mJPMSI"). Member SIPC. EFTA01553690 03 J.P. Morgan Securities Inc. 2004 Account Number: 161121381 FINANCIAL TRUST COMPANY INC 270 Park Avenue, New York, NY 10017 Margin Account Portfolio March 01, 2004 - March 31, 2004 Page 87 of 88 Overview Portfolio Summary IMPORTANT INFORMATION ABOUT YOUR STATEMENT Contact your client service specialist if you think your statement is incorrect or you require addit ional information about a transaction on your statement. Market Value USD Mar 31 Total 0.00 Estimated Annual Income USD JPMSI is a memberof the Securities InvestorProtection Corporation ("SIPCm),a not-for-profit membersh ip corporation funded by broker-dealersregisteredwith the Securitiesand ExchangeCommission. Securiti esand cash held for a customer account at JPMSI are protected up to the total net equity of each account.. The first $500,000 of protection, which includes up to $ 100,000 of protection for cash, is providedby SIPC. As ofMarch 2004, the balanceof the protection is providedby a separateExcessSlPC SuretyBond issued by Customer Asset Protection Company. SIPCand excessSlPCprotection do not protect against losses from fluctuatio ns in the valueof the securities. Assets held in custody by JPMorgan ChaseBank(the "Bank")are not su bject to SIPCor excessSlPC protection. J.P. Morgan Securities Inc., JPMorgan Chase Bank or their affiliates (the "Morgan Companies")may pro vide administrative, custodial, sales, distribution or shareholderservices to JPMorgan Funds, Americ an Century Funds, or funds established, sponsored, advised, or managedby third parties, and the Morgan Companiesmaybe compensatedfor such services. EFTA01553691 03 J.P. Morgan Securities Inc. 2004 Account Number: 161121381 FINANCIAL TRUST COMPANY INC 270 Park Avenue, New York, NY 10017 Margin Account Portfolio March 01, 2004 - March 31, 2004 Page 88 of 88 IMPORTANT INFORMATION ABOUT YOUR JPMSI MARGIN ACCOUNT If there are any errors or omissions on this statement, or if you have any questions about it, pleas e contact your JPMSI Account Representative or JPMSI Compliance Department at Please keep the following in mind when using this statement to track your JPMSI brokerage activity: This statement combines your general margin account with the special memorandum account required by Section 220.6 Regulation T. As required by Regulation T, a permanent record of your separate account is available upon your requ est. Important Information about Pricing and Valuations. Prices, some of which are provided by pricing services or other sources which we deem reliable, are not guaranteed for accuracy or as realizable values Free credit balances in your account are not segregated and may be used in the operation of JPMSIs b usiness, subject to the limitations of SEC Rule 15c3-3. Unless otherwise instructed, JPMSI or its ag ents and depositories will hold your securities. Upon your demand, JPMSI will pay to you the amount of your free credit balance, and will deliver to you f ully-paid securities held on your behalf. Interest will be charged on any debit balance; the method of calculating interest is described in a letter sent to all margin customers. Upon written request, JPMSI will supply you with our most recen t statement required to be furnished to customers under SEC Rule 17a-5(c). If a partial call is made with respect to an issue of securities included in your Margin Account we will allocate the call by a method we deem fair and equitable. You should have received separate JPMSI trade confirmations for each securities transaction. All tra nsactions are subject to the terms and conditions stated on the reverse side of such confirmations a nd are subject to the constitution, by-laws, customs and interpretations of the marketplace where executed and governed by and construed in accordance wi th the laws of the state of New York and all applicable federal laws and regulations. You must promptly advise JPMSI of material changes in your investment objectives or financial situat ion. Unless you inform JPMSI otherwise, JPMSI will consider the information currently in its files t o be complete and accurate. JPMSI is required by law to report to the Internal Revenue Service all dividends and/or interest inc ome on bonds credited to your account during calendar year. Please retain all your statements to ass ist you in preparing your income tax returns. A financial statement of JPMSI is available for your personal inspection at its offices, or a copy o f it will be mailed upon your written request. JPMSI is not a bank and is a separate legal entity from its bank or thrift affiliates, including JPM CB. The securities sold, offered or recommended by JPMSI: (1) Are not insured by the Federal Deposit Insurance Corporation, or any other governmental agency; (2) Are not deposits or other obligations of JPMSI's bank or thrift affiliates (unless otherwise ind lasted), and are not guaranteed by or the responsibility of any such affiliates(unless explicitly st ated otherwise); and (3) Involve investment risks, including possible loss of the principal invested. JPMSI's banking affiliates may be lenders to issuers of securities that JPMSI underwrites, in which case proceeds of offerings underwritten by JPMSI may be used for the repayment of such loans, and yo u should refer to the disclosure documents relating to particular securities for discussion of any such lending relationships. The Federal Reserve requires that JPMSI obtain your consent before it can obtain certain information from its bank or thrift affiliates, including their credit evaluation of you. We will assume that y our continuing to transact business with JPMSI will constitute your consent to the sharing of such information by JPMSI and its bank or thrift affiliate s, to the extent permitted by law. JPMorgan Private Bank is the marketing name for the private banking business conducted by J.P. Morga n Chase a Co. through its subsidiaries worldwide, including JPMCB and JPMSI. EFTA01553692