EFTA01554342

10 2004 Confidential FINANCIAL TRUST COMPANY INC Page 1 of 74 Gift Processing The holiday season will soon be here. If you plan to make securities gifts this year, please notify us before December 1, 2004 to allow sufficient time to process your request and meet the year-end deadline. J.P. Morgan Portfolios October 1 - October 31, 2004 Table of Contents Page Account Summary Asset Account Portfolio Margin Account Portfolio JPMCB JPMSI 2 3 72 000000.0000.00.0000.000.000000000.000000 FINANCIAL TRUST COMPANY INC ATTN: JEFFREY E EPSTEIN C/O AMERICAN YACHT HARBOR 6100 RED HOOK, QUARTERS #B3 ST THOMAS 00802 US VIRGIN ISLDS EFTA01554342 10 2004 Portfolio Summary FINANCIAL TRUST COMPANY INC October 01, 2004 - October 31, 2004 Page 2 of 74 Portfolio Summary Net Worth Summary Asset Portfolio USD Q 30171-00-5 Assets(Long) Cash & Short Term Equities Other Options Liabilities (Short) Other Options Total FX Gain/Loss Accrued Income Total Net Worth Income Summary Dividends Total 95,610,870.78 77,602,623.25 16,860,229.56 824,602.44 323,415.53 - 4,263,493.49 - 87,622.00 - 4,175,871.49 91,347,377.29 104,828.18 104,017.26 91,556,222.73 Margin Portfolio USD 161121381 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -00 0.00 0.00 95,610,870.78 77,602,623.25 16,860,229.56 824,602.44 323,415.53 - 4,263,493.49 - 87,622.00 - 4,175,871.49 91,347,377.29 104,828.18 EFTA01554343 104,017.26 91,556,222.73 This Period 82,530.99 82,530.99 Year to Date 468,606.33 468,606.33 JPMorgan provides this Portfolio Summary for informational purposes. This summar y includes information 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 guar anteed by JPMCB or any of its bank of thrift affiliates (unless otherwise indicated), and are subject to investment risks, including pos sible loss of the principal amount invested. Assets held in custody by JPMCB are not protected under the Securities Investor Protection Corporation ("SIPC") insurance. Total USD EFTA01554344 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 3 of 74 Asset Account Portfolio October 1 - October 31, 2004 Table of Contents Portfolio Summary Cash and Short Term Equities Equity Research Ratings Other Options Outstanding Foreign Exchange Contracts Trade Activity Account Transactions Account Officers D'ORAZIO/HORNAK Page 4 6 7 8 9 10 15 17 25 EFTA01554345 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 4 of 74 Overview Current 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 sta tement 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 (u nless otherwise indicated). Such securities and other investments are subject to inves tment 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 81% Cash and Short Term 18% Equities 1% Other Cash & Short Term Equities Other Options Total Foreign Exchange Accrued Income Total Portfolio Value Market Value USD Oct 31 77,602,623.25 16,860,229.56 736,980.44 - 3,852,455.96 91,347,377.29 104,828.18 104,017.26 91,556,222.73 Income Summary Dividends Total Net Gain/Loss Summary Net Short Term Gain/Loss Total Prior Period Market Value USD Sep 30 70,191,274.76 13,835,801.46 4,813,782.99 - 1,807,045.39 87,033,813.82 790,737.21 82,530.99 EFTA01554346 87,907,082.02 This Period USD 82,530.99 82,530.99 Year to Date USD* 468,606.33 468,606.33 Tax Cost USD 77,602,623.24 - 1,347,569.94 76,255,053.30 Estimated Annual Income USD 1,316,916.51 Yield 1.7 0.0 0.0 1,316,916.51 N/A N/A 1.4 Realized This Period USD Realized Year to Date USD* 1,033,450.06 1,033,450.06 *Year to date information is calculated on a calendar year basis. Exchange Rates Spot Rates as of October 31, 2004 Market value of Options is not included in pie chart. Currency AUD EUR GBP Exchange Rate 0.7469 1.2721 1.8323 Unrealized USD 9,787,473.56 - 2,504,886.01 9,787,473.56 - 2,504,886.01 EFTA01554347 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 5 of 74 Exchange Rates Spot Rates as of October 31, 2004 Currency JPY MXN NZD THB TWD Exchange Rate 106.1900 11.5328 0.6841 41.0650 33.4050 EFTA01554348 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 6 of 74 Cash and Short Term Summary by Maturity Current Market Value USD Cash Total 77,602,623.25 77,602,623.25 Estimated Annual Income USD 1,316,916.51 1,316,916.51 Current yield is displayed for instruments with no maturity and YTM on market is displayed for instruments 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: 1.69% POUND STERLING Total Cash USD 77,602,622.99 1.00 1.00 77,602,622.99 77,602,622.99 104,017.26 GBP 0.14 1.785714 0.25 77,602,623.24 0.26 77,602,623.25 104,017.26 0.01 1,316,916.51 1.70 Currency/ Unit Cost Adjusted Account Type Quantity Original Market Price Tax Cost Adjusted Original Market Value USD Accrued Interest USD EFTA01554349 Unrealized Gain/Loss USD Estimated Current Annual Yield/ Income USD YTM % Current N/A 0.01 1,316,916.51 1.70 EFTA01554350 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 7 of 74 Equities Independent, third party research selected by an Independent Consultant for cert ain companies covered by JPMorgan Securities, Inc. is available to clients of JPMSI at no cost. Clients can access this research at www.privateclient.jpmorgan.com or can call their JPMorgan representative at thei r toll free number to request that a copy of this research be sent to them. When JPMorgan drops coverage of a company , independent research will continue to be provided for an 18-month period, when available. Refer to Equity Research Ratings section for research ratings on client holdings, if applicable. Note: C indicates Equity covered by JPMSI. Equity Holdings in Alphabetical Order Description Cusip/Symbol Currency/ Account Type Quantity Unit Cost Current Market Price Tax Cost Current Market Value USD USD Accrued Dividends USD Unrealized Gain/Loss USD Annual Dividend Income USD Yield % Estimated C TOO INC 890333-10-7 TOO 765,678 are liened USD Total Equity 765,678 765,678 22.02 16,860,229.56 16,860,229.56 N/A 0.00 N/A 0.0 EFTA01554351 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 8 of 74 Equity Research Ratings Independent, third party research is available for 18 months after JPMorgan Secu rities, Inc. terminates coverage. Clients can access this research at www.privateclient.jpmorgan.com or can call their JPM organ representative at their toll free number to request that a copy of this research be sent to them. Equity Research Ratings for any company where JPMSI has terminated coverage are excluded below. For explanation of JPMSI ratings, se e disclaimer section at end of statement. For third party ratings systems, see specific third party research at www.privateclient.jpmorgan.com. Equity Holdings in Alphabetical Order Description/Ticker TOO INC TOO Ratings JPMSI: NEUTRAL MRNGSTAR: 1 star Providers: BOE SECU = BOE Securities; MRNGSTAR = Morningstar; REN CAP = Renaissa nce Capital EFTA01554352 10 Other Swaps in Alphabetical Order Description WALT DISNEY CO EQUITY SWAP 24,954,900 USD NOTIONAL JAN 19 2005 DEAL REF # 2353480 SWPBDA-FL-1 N/O Client WALT DISNEY CO TOTAL RETURN SWAP 11,920,650 USD NOTIONAL FEB 14 2005 DEAL REF # 2361214 SWPBDA-FV-9 N/O Client INTEREST RATE SWAP 1,000,000,000JPY NOTIONAL SEP 7 2014 REC FLOATING JPY 3 MONTH LIBOR PAY FIXED RATE 1.577% JPY QUARTERLY ACTUAL/360 SWPBDA-JL-7 N/O Client Total Other 736,980.44 - 87,622.00 618,049.71 Trade Date Maturity Date Estimated Value USD 206,552.73 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 9 of 74 EFTA01554353 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 10 of 74 Options Option Holdings in Alphabetical Order Other Description Cusip WTI SHORT CALL OPTION USD PUT OPTION STRIKE 50 EXPIRING 12/15/2004 Underlying Asset Price $51.67 OTCBDC-PV-L WTI SHORT CALL OPTION USD PUT OPTION STRIKE 59.00 EXPIRING 1/14/2005 OTCBDC-PW-D WTI LONG PUT OPTION USD CALL OPTION STRIKE 44 EXPIRING 12/15/2004 Underlying Asset Price = $51.67 OTCBDP-BB-U WTI LONG PUT OPTION USD CALL OPTION STRIKE 44 EXPIRING 12/15/2004 Underlying Asset Price = $51.67 OTCBDP-BB-V USD 250 218,000.00 597.416 545,000.00 149,354.00 - 395,646.00 Currency/ Account Type Quantity Unit Cost Current Market Price/Unit Premium USD Current Market Value USD Unrealized Gain/Loss USD USD - 100 192,000.00 - 3,979.29 - 192,000.00 - 397,929.00 - 205,929.00 USD - 250 65,000.00 - 1,577.476 EFTA01554354 - 162,500.00 - 394,369.00 - 231,869.00 USD 100 180,000.00 597.60 180,000.00 59,760.00 - 120,240.00 EFTA01554355 10 Cusip Other continued WTI SHORT PUT OPTION USD CALL OPTION STRIKE 50.00 EXPIRING 1/14/2005 OTCBDP-BC-F Total Other 950 - 117,000.00 - 1,448,862.00 - 1,331,862.00 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 11 of 74 Option Holdings in Alphabetical Order Description continued Currency/ Account Type Quantity Unit Cost Current Market Price/Unit Premium USD Current Market Value USD Unrealized Gain/Loss USD USD - 250 195,000.00 - 3,462.712 - 487,500.00 - 865,678.00 - 378,178.00 Description Cusip Counter Amount Currency Foreign Exchange EUR PUT USD CALL FX EUROPEAN STYLE OPTION DEC 06, 2004 @ 1.1 XEURPA-OP-Z AUD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .69 KNOCK IN TRIGGERED @ .7250 KNOCK OUT @ .65 XAUDCA-CD-Z EUR CALL CHF PUT FX EUROPEAN STYLE OPTION FEB 09, 2005 @ 1.5395 KNOCK IN TRIGGERED @ 1.5525 KNOCK OUT @ 1.5045 EFTA01554356 XEURCA-XL-Z EUR - 23,000,000 CHF - 35,408,500.00 USD - 169,326.00 - 169,326.00 - 56,679.59 112,646.41 AUD - 5,000,000 USD - 3,450,000.00 USD - 62,445.00 - 62,445.00 - 270,001.60 - 207,556.60 Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EUR 20,000,000 USD 22,000,000.00 USD 96,800.00 96,800.00 0.60 - 96,799.40 EFTA01554357 10 Cusip JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 12 of 74 Foreign Exchange Description EUR PUT USD CALL FX EUROPEAN STYLE OPTION FEB 10, 2005 @ 1.22 KNOCK IN @ 1.195 XEURPA-PD-Z JPY PUT USD CALL FX EUROPEAN STYLE OPTION FEB 09, 2005 @ 115. XJPYPA-KB-Z AUD PUT USD CALL FX EUROPEAN STYLE OPTION APR 01, 2005 @ .715 KNOCK IN TRIGGERED @ .7193 BARRIER EXP 10/7/2004 XAUDPA-DX-Z NZD PUT USD CALL FX EUROPEAN STYLE OPTION MAR 31, 2005 @ .665 KNOCK IN TRIGGERED @ .67 BARRIER EXP 10/7/2004 XNZDPA-EH-Z MXN PUT USD CALL FX EUROPEAN STYLE OPTION JUL 06, 2005 @ 11.4 KNOCK OUT @ 11.15 XMXNPA-BG-Z MXN PUT USD CALL FX EUROPEAN STYLE OPTION JUL 06, 2005 @ 11.45 KNOCK OUT @ 11.185 XMXNPA-BH-Z MXN - 57,250,000 USD - 5,000,000.00 USD - 82,500.00 - 82,500.00 - 231,919.18 - 149,419.18 MXN - 171,000,000 USD - 15,000,000.00 USD - 292,500.00 - 292,500.00 - 758,952.72 - 466,452.72 NZD - 10,000,000 USD - 6,650,000.00 USD - 99,750.00 - 99,750.00 - 182,840.10 - 83,090.10 AUD - 20,000,000 USD - 14,300,000.00 USD - 215,930.00 - 215,930.00 - 249,770.80 - 33,840.80 EFTA01554358 JPY 2,300,000,000 USD 20,000,000.00 USD 190,000.00 190,000.00 56,465.00 - 133,535.00 Counter Amount Currency continued EUR - 22,000,000 USD - 26,840,000.00 USD - 665,632.00 - 665,632.00 - 181,796.12 483,835.88 Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01554359 10 Cusip JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 13 of 74 Foreign Exchange Description EUR PUT USD CALL FX EUROPEAN STYLE OPTION APR 20, 2005 @ 1.255 XEURPA-PO-Z P 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 NOV 22, 2004 @ .77 KNOCK IN TRIGGERED @ .755 KNOCK OUT @ .7965 XAUDPA-DH-Z THB CALL USD PUT FX EUROPEAN STYLE OPTION FEB 23, 2005 @ 36. XTHBCA-AC-Z THB CALL USD PUT FX EUROPEAN STYLE OPTION FEB 23, 2005 @ 38. XTHBCA-AB-Z TWD CALL USD PUT FX EUROPEAN STYLE OPTION MAR 01, 2005 @ 32.75 XTWDCA-AB-Z Total Foreign Exchange - 1,230,569.94 - 2,403,593.96 - 1,173,024.02 TWD 327,500,000 USD 10,000,000.00 USD 196,000.00 196,000.00 56,470.83 - 139,529.17 THB 351,500,000 USD 9,250,000.00 USD 108,225.00 108,225.00 1,311.10 - 106,913.90 THB 2,700,000,000 USD 75,000,000.00 USD 405,000.00 405,000.00 54.00 - 404,946.00 AUD - 1,500,000 USD - 1,155,000.00 USD - 23,561.94 EFTA01554360 - 23,561.94 - 39,126.78 - 15,564.84 EUR 0 USD 0.00 USD 0.00 0.00 Counter Amount Currency continued EUR - 20,000,000 USD - 25,100,000.00 USD - 614,950.00 - 614,950.00 - 546,808.60 68,141.40 Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01554361 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 14 of 74 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. 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 deriva tives-related deposit products, have been prepared on a mid-market basis. These valuations are indicative values as of the close of business of the date of this statement and, except as otherwise agreed in writing, these valuations do not represent th e actual terms at which transactions or securities could be bought or sold or ne w transactions could be entered into, or the actual terms on which existing tran sactions or securities could be liquidated as of the date of this statement. We do not warra nt their completeness or accuracy. These valuations are derived from proprietary models based upon well recognized financial principles and we have, when necess ary to calculate the present value of future cash flows, made reasonable estimates abou t relevant future market conditions. Valuations based on other models or differe nt assumptions may yield different results. Morgan expressly disclaims any respo nsibility for (1) the accuracy of the models or estimates used in deriving the valuations, (2) any errors or omissions in computing or disseminating the valuations, and 3) any uses to which the valuations are put. Valuations are provided for informa tion purposes only and are intended solely for your own use. Please refer to the trad e confirmation for details of each transaction. EFTA01554362 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 15 of 74 Outstanding Foreign Exchange Contracts Net Currency Exposure Summary Pound Sterling Japanese Yen Mexican New Peso U S Dollar Value in Currency 10,000,000.00 - 1,953,829,000.00 117,341,000.00 - 9,427,000.00 Gain/Loss Summary Total Unrealized Closed Total Unrealized Open Total Unrealized Gain/Loss Value in USD 68,000.00 36,828.18 104,828.18 Foreign Exchange Contracts Settlement Date Trade Date SPECULATIVE AUSTRALIA DOLLAR - U S DOLLAR Oct. 27 04 Dec. 9 04 AUD Oct. 8 04 Apr. 12 05 AUD Total Open Oct. 19 04 Dec. 9 04 GBP - 10,000,000.00 USD 10,000,000.00 USD 0.00 POUND STERLING - JAPANESE YEN MEXICAN NEW PESO - U S DOLLAR Oct. 13 04 Apr. 14 05 MXN Oct. 18 04 Apr. 14 05 MXN Total Open 10,000,000.00 JPY 58,200,000.00 USD 59,141,000.00 USD 117,341,000.00 N ZEALAND DOLLAR - U S DOLLAR Mar. 11 04 Mar. 15 05 NZD 5,000,000.00 USD 7,421,000.00 - 7,214,000.00 207,000.00 - 1,953,829,000.00 - 5,000,000.00 - 5,000,000.00 - 10,000,000.00 - 3,102,500.00 0.7421 0.7214 EFTA01554363 0.744253 0.73654 7,421,000.00 7,365,404.47 14,786,404.47 195.3829 11.64 11.8282 193.555216 11.877055 11.877055 18,268,509.74 4,900,204.58 4,979,432.97 9,879,637.55 0.6205 0.672952 3,364,762.07 7,442,534.07 7,214,000.00 14,656,534.07 18,441,013.77 5,000,000.00 5,000,000.00 10,000,000.00 3,102,500.00 - 21,534.07 151,404.47 129,870.40 - 172,504.03 - 99,795.42 - 20,567.03 - 120,362.45 262,262.07 Currency Amount Counter Currency Counter Amount Contract Rate Current Market Forward Rate Market Value Receivables USD Market Value Payables USD Unrealized Gain/Loss USD EFTA01554364 10 Trade Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 16 of 74 Foreign Exchange Contracts Settlement Date Currency Mar. 23 04 Mar. 15 05 NZD Total Closed Oct. 25 04 Dec. 9 04 NZD Oct. 8 04 Apr. 12 05 NZD Total Open Total continued Amount Counter Currency - 5,000,000.00 USD 0.00 - 10,000,000.00 USD 10,000,000.00 USD 0.00 0.00 Total Foreign Exchange Contracts Counter Amount 3,170,500.00 68,000.00 6,973,000.00 - 6,675,000.00 298,000.00 366,000.00 Contract Rate 0.6341 0.6973 0.6675 Current Market Forward Rate 0.672952 0.68064 0.670823 Market Value Receivables USD 3,170,500.00 6,535,262.07 6,973,000.00 6,708,228.56 13,681,228.56 20,216,490.63 63,151,042.39 Market Value Payables USD 3,364,762.07 6,467,262.07 6,806,404.30 6,675,000.00 EFTA01554365 13,481,404.30 19,948,666.37 63,046,214.21 Unrealized Gain/Loss USD - 194,262.07 68,000.00 166,595.70 33,228.56 199,824.26 267,824.26 104,828.18 EFTA01554366 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 17 of 74 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 identi fied with N/A. Trade Date Settlement Date Settled Oct 6 Oct 8 Write Option MXN PUT USD CALL Oct 6 Oct 8 Write Option FX EUROPEAN STYLE OPTION JUL 06, 2005 @ 11.4 KNOCK OUT @ 11.15 MXN PUT USD CALL Oct 8 Oct 12 Buy-Back Opt FX EUROPEAN STYLE OPTION JUL 06, 2005 @ 11.45 KNOCK OUT @ 11.185 WTI SHORT CALL OPTION USD PUT OPTION STRIKE 50 EXPIRING 12/15/2004 USD - 171,000,000 1.95 292,500.00 Realized Type Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD Amount USD 999,250.81 0.00 - 56,447.00 USD - 57,250,000 1.65 82,500.00 USD 250 - 1,165,000.00 525,000.00 EFTA01554367 - 640,000.00 S EFTA01554368 10 Trade Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 18 of 74 Settlement Date Realized Type Settled continued Oct 8 Oct 12 Write Option WTI OTC EUROPEAN CALL OPTION DEC 15 2004 @ 55 STRIKE 55 Oct 12 Oct 13 FX Option Assi EXPIRING 12/15/2004 AUD PUT USD CALL Oct 12 Oct 14 Write Option FX EUROPEAN STYLE OPTION OCT 11, 2004 @ .7775 KNOCK IN TRIGGERED @ .7565 KNOCK OUT @ .8020 ZAR PUT USD CALL FX EUROPEAN STYLE OPTION APR 12, 2005 @ 6.7 KNOCK IN @ 6.85 KNOCK OUT @ 6.39 Oct 12 Oct 13 FX Opt Asgn'D Oct 14 Oct 14 Expired Opt Oct 18 Oct 20 Buy-Back Opt SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION BUY AUD SELL USD ZAR CALL USD PUT FX EUROPEAN STYLE OPTION OCT 14, 2004 @ 6.45 WTI OTC EUROPEAN CALL OPTION DEC 15 2004 @ 55 STRIKE 55 Oct 18 Oct 27 Write Option EXPIRING 12/15/2004 WTI SHORT CALL OPTION USD PUT OPTION STRIKE 59.00 EXPIRING 1/14/2005 USD - 250 162,500.00 USD USD USD 4,000,000 41,925,000 250 EFTA01554369 1.286 - 3,110,000.00 0.00 - 607,500.00 3,110,000.00 58,500.00 617,500.00 58,500.00 S 10,000.00 S USD 4,000,000 0.00 106,673.20 106,673.20 S USD - 250 617,500.00 Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD USD - 67,000,000 2.65 265,000.00 EFTA01554370 10 Trade Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 19 of 74 Settlement Date Realized Type Settled continued Oct 18 Oct 20 Write Option WTI SHORT PUT OPTION USD CALL OPTION STRIKE 50.00 EXPIRING 1/14/2005 Oct 18 Oct 20 Write Option ENTRY REVERSED ON 10/27/2004 WTI SHORT PUT OPTION USD CALL OPTION STRIKE 59.00 Oct 18 Oct 27 Write Option TO REVERSE ENTRY OF 10/20/2004 WTI SHORT PUT OPTION USD CALL OPTION STRIKE 59.00 Oct 18 Oct 20 Write Option EUR CALL USD PUT Oct 18 Oct 18 Expired Opt FX EUROPEAN STYLE OPTION NOV 18, 2004 @ 1.25 KNOCK IN @ 1.265 ZAR PUT USD CALL FX EUROPEAN STYLE OPTION APR 12, 2005 @ 6.7 KNOCK IN @ 6.85 KNOCK OUT @ 6.39 Issued in USD Oct 18 Oct 20 Sale 6 MONTH CHF LINKED STRUCTURE 100% PRINCIPAL PROTECTED IN CHF JPMORGAN LONDON 12/6/2004 Oct 20 Oct 22 Buy-Back Opt EUR CALL USD PUT FX EUROPEAN STYLE OPTION NOV 18, 2004 @ 1.25 KNOCK IN @ 1.265 CHF USD - 5,000,000 20,000,000 5,017,906.26 - 413,750.00 - 5,000,000.00 232,500.00 28,198.79 S EFTA01554371 - 181,250.00 S USD - 20,000,000 0.93 232,500.00 USD 250 - 162,500.00 USD - 250 162,500.00 USD - 250 487,500.00 Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD ZAR 67,000,000 0.00 265,000.00 265,000.00 S EFTA01554372 10 Trade Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 20 of 74 Settlement Date Realized Type Settled continued Oct 20 Oct 22 Write Option Oct 25 Oct 25 Expired Opt EUR PUT USD CALL FX EUROPEAN STYLE OPTION APR 20, 2005 @ 1.255 GBP PUT USD CALL FX EUROPEAN STYLE OPTION MAR 07, 2005 @ 1.77 KNOCK IN @ 1.775 KNOCK OUT @ 1.84 Issued in USD Oct 25 Oct 25 Expired Opt GBP PUT USD CALL FX EUROPEAN STYLE OPTION MAR 07, 2005 @ 1.77 KNOCK IN @ 1.775 KNOCK OUT @ 1.84 Issued in USD Trade Date Estimated Settlement Date Pending Nov 1 Expired Opt 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 Oct 25 Dec 9 Dispose FX Contract BUY USD SELL NZD FORWARD CONTRACT FX RATE .6973000 TRADE 10/25/04 VALUE 12/09/04 USD 6,973,000 0.00 0.00 USD - 10,000,000 0.00 0.00 - 56,447.00 - 56,447.00 S Realized Gain/Loss Type EFTA01554373 Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost USD GBP 7,000,000 0.00 324,618.00 324,618.00 S USD GBP - 20,000,000 7,000,000 2.45 614,950.00 0.00 329,574.00 329,574.00 S Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD EFTA01554374 10 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 21 of 74 Settled Foreign Exchange Contracts Trade Settlement Date Currency SPECULATIVE AUSTRALIA DOLLAR - U S DOLLAR Oct 12 04 Oct 13 04 Apr 16 04 Oct 20 04 Apr 23 04 Oct 20 04 Sep 10 04 Oct 20 04 Sep 30 04 Oct 20 04 Oct 5 04 Oct 6 04 Oct 20 04 Oct 20 04 Oct 19 04 Oct 28 04 Oct 27 04 Oct 28 04 SWISS FRANC Sep 10 04 Oct 20 04 Oct 19 04 Oct 20 04 SWISS FRANC Oct 19 04 Oct 20 04 AUD AUD - 4,000,000.00 USD 2,922,800.00 AUD 10,000,000.00 USD - 7,289,000.00 3,000,000.00 USD - 2,148,600.00 8,947,900.00 AUD - 13,000,000.00 USD AUD 17,500,000.00 USD - 12,622,750.00 AUD - 10,000,000.00 USD AUD - 7,500,000.00 USD AUD - 10,000,000.00 USD - EURO CURRENCY CHF 7,226,000.00 5,430,750.00 7,265,100.00 AUD 10,000,000.00 USD - 7,450,000.00 7,687,000.00 EUR - 5,000,000.00 CHF - 7,695,000.00 EUR - U S DOLLAR CHF EUR 5,000,000.00 0.730700 0.728900 0.716200 0.688300 0.721300 0.722600 0.724100 EFTA01554375 0.726510 0.745000 1.537400 1.539000 0.777500 1.357589 1.357589 1.357589 1.357589 1.357589 1.357589 1.341832 0.745000 1.220350 0.793360 1.230044 0.798880 8,000.00 USD EURO CURRENCY - JAPANESE YEN Sep 23 04 Oct 20 04 Sep 27 04 Oct 20 04 - 6,512.54 5,000,000.00 JPY - 679,650,000.00 EUR - 5,000,000.00 JPY 683,100,000.00 EURO CURRENCY - U S DOLLAR Apr 16 04 Oct 20 04 1.228400 135.930000 136.620000 1.228400 1.260462 108.225000 1.260462 108.225000 EUR 10,000,000.00 USD - 11,971,000.00 1.197100 1.260450 - 11,971,000.00 12,604,499.17 633,499.17 2,922,800.00 - 7,289,000.00 - 2,148,600.00 8,947,900.00 - 12,622,750.00 7,226,000.00 5,430,750.00 7,265,100.00 - 7,450,000.00 6,299,012.57 - 6,255,872.63 - 3,110,000.00 7,365,999.57 2,209,799.87 - 9,575,799.45 12,890,499.26 - 7,365,999.57 - 5,524,499.68 - 7,452,497.77 7,450,000.00 - 6,302,249.58 6,258,750.52 - 187,200.00 EFTA01554376 76,999.57 61,199.87 - 627,899.45 267,749.26 - 139,999.57 - 93,749.68 - 187,397.77 Counter Amount Currency Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD - 3,237.01 2,877.89 - 6,512.54 6,302,249.58 - 6,302,249.58 6,512.54 - 6,279,972.27 6,311,850.31 22,277.31 9,600.73 EFTA01554377 10 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 Page 22 of 74 Settled Foreign Trade Settlement Date Currency - October 31, 2004 Exchange Contracts Apr 23 04 Oct 20 04 May 3 04 Oct 20 04 May 11 04 Oct 20 04 May 17 04 Oct 20 04 Sep 30 04 Oct 20 04 Oct 8 04 Oct 20 04 Oct 20 04 Oct 25 04 Oct 20 04 Oct 25 04 Oct 21 04 Oct 25 04 Oct 21 04 Oct 25 04 Oct 19 04 Oct 27 04 Oct 25 04 Oct 27 04 Oct 26 04 Oct 29 04 Oct 27 04 Oct 29 04 Oct 27 04 Oct 29 04 EUR Counter Amount Currency continued 3,000,000.00 USD - 3,536,700.00 EUR - 10,000,000. 00 USD 11,883,000.00 EUR - 1,500,000.0 0 USD EUR - 1,500,000.0 0 USD EUR 10,000,000.00 USD - 12,423,000.00 EUR - 10,000,000. 00 USD 12,414,000.00 EUR 10,000,000.00 USD - 12,612,950.00 EUR 10,000,000.00 USD - 12,594,950.00 EUR - 10,000,000. 00 USD 12,640,000.00 EUR - 10,000,000. 00 USD 12,635,000.00 EUR 10,000,000.00 USD - 12,589,750.00 EUR - 10,000,000. 00 USD 12,803,000.00 EUR - 20,000,000. 00 USD 25,512,000.00 EUR 10,000,000.00 USD - 12,723,000.00 EUR 10,000,000.00 USD - 12,713,000.00 POUND STERLING - JAPANESE YEN Sep 10 04 Oct 20 04 GBP Sep 22 04 Oct 20 04 Sep 23 04 Oct 20 04 Sep 27 04 Oct 20 04 5,000,000.00 JPY - 980,350,000.00 GBP - 5,000,000.00 JPY 986,700,000.00 GBP 15,000,000.00 JPY- 2,978,100,000.00 GBP - 5,000,000.00 JPY 1,003,550,000.00 1,766,100.00 1,796,100.00 1.178900 EFTA01554378 1.188300 1.177400 1.197400 1.242300 1.241400 1.261295 1.259495 1.264000 1.263500 1.258975 1.280300 1.275600 1.272300 1.271300 196.070000 197.340000 198.540000 200.710000 1.260450 1.260450 1.260450 1.260450 1.260450 1.260450 1.261295 1.259495 1.260395 1.260395 1.277050 1.277050 1.271800 1.272300 1.271300 1.813270 108.225000 1.813270 108.225000 1.813270 108.225000 1.813270 108.225000 - 3,536,700.00 3,781,349.75 11,883,000.00 - 1,766,100.00 1,796,100.00 - 12,423,000.00 12,414,000.00 - - 12,612,950.00 - 12,594,950.00 12,640,000.00 - 12,635,000.00 - - 12,589,750.00 12,803,000.00 - 25,512,000.00 - - 12,723,000.00 - 12,713,000.00 9,066,248.89 - 9,066,248.89 - 1,890,674.87 - 1,890,674.87 12,604,499.17 12,612,950.00 12,604,499.17 12,604,499.17 12,603,950.00 12,603,950.00 12,770,495.04 25,436,000.00 EFTA01554379 12,594,950.00 12,770,495.04 36,050.00 31,050.00 180,745.04 32,504.96 76,000.00 12,723,000.00 12,713,000.00 - 9,058,443.05 9,117,117.11 27,198,746.68 - 27,517,671.51 - 9,066,248.89 9,272,811.27 7,805.84 50,868.22 - 318,924.83 206,562.38 244,649.75 - 721,499.17 - 124,574.87 - 94,574.87 181,499.17 - 190,499.17 Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD EFTA01554380 10 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 23 of 74 Settled Foreign Exchange Contracts Trade Settlement Date Currency Oct 19 04 Oct 20 04 Counter Amount Currency continued GBP - 10,000,000.00 JPY 1,966,500,000.00 POUND STERLING Oct 8 04 Oct 8 04 - U S DOLLAR Oct 12 04 Oct 12 04 Apr 16 04 Oct 20 04 Apr 23 04 Oct 20 04 Sep 10 04 Oct 20 04 Sep 21 04 Oct 20 04 Sep 21 04 Oct 20 04 Oct 18 04 Oct 21 04 Oct 19 04 Oct 21 04 GBP 196.650000 1.813250 0.009210 GBP - 5,000,000.00 USD 5,000,000.00 USD - 8,920,000.00 8,957,500.00 GBP 10,000,000.00 USD - 17,725,000.00 GBP GBP - 3,000,000.00 USD GBP - 5,000,000.00 USD GBP - 5,000,000.00 USD 3,000,000.00 USD - 5,232,300.00 5,349,000.00 8,971,000.00 8,976,000.00 GBP - 10,000,000.00 USD 17,986,330.00 GBP 10,000,000.00 USD - 17,977,000.00 HUNGARIAN FORINT - U S DOLLAR Apr 27 04 Oct 20 04 Apr 28 04 Oct 20 04 Sep 10 04 Oct 20 04 JAPANESE YEN Apr 16 04 Oct 20 04 May 25 04 Oct 20 04 Sep 10 04 Oct 20 04 Sep 10 04 Oct 20 04 Sep 22 04 Oct 20 04 Sep 22 04 Oct 20 04 Sep 27 04 Oct 20 04 - U S DOLLAR EFTA01554381 JPY 1,076,700,000.00 USD - 10,000,000.00 JPY - 558,650,000.00 USD JPY- 1,072,250,000.00 USD 5,000,000.00 9,785,088.52 JPY- 1,098,200,000.00 USD 10,000,000.00 JPY - 6,350,000.00 USD JPY 1,103,000,000.00 USD - 10,000,000.00 JPY - 3,450,000.00 USD 57,460.86 31,011.23 107.670000 111.730000 109.580000 109.820000 110.510000 110.300000 111.250000 108.225000 108.225000 108.225000 108.225000 108.225000 108.225000 108.225000 - 10,000,000.00 5,000,000.00 9,785,088.52 9,948,717.94 - 5,161,931.16 - 9,907,599.90 10,000,000.00 - 10,147,378.14 57,460.86 - 10,000,000.00 31,011.23 - 58,674.05 10,191,730.19 - 31,878.03 - 51,282.06 - 161,931.16 - 122,511.38 - 147,378.14 - 1,213.19 191,730.19 - 866.80 HUF 1,059,940,000.00 USD - 4,803,280.91 HUF 634,280,000.00 USD - 2,859,564.49 HUF- 1,694,220,000.00 USD 1.784000 1.791500 1.772500 1.744100 1.783000 1.794200 1.795200 1.798633 1.797700 8,159,017.57 220.670000 221.810000 207.650000 1.784000 1.784000 EFTA01554382 1.813250 1.813250 1.813250 1.813250 1.813250 1.797700 1.797700 195.882549 195.882549 195.882549 - 18,132,497.79 18,126,094.57 - 6,403.22 Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD - 8,920,000.00 8,957,500.00 - 17,725,000.00 - 5,232,300.00 5,349,000.00 8,971,000.00 8,976,000.00 8,920,000.00 - 8,920,000.00 18,132,497.78 5,439,749.33 - 5,439,749.33 - 9,066,248.89 - 9,066,248.89 17,986,330.00 - 17,977,000.00 - 17,977,000.00 - 4,803,280.91 - 2,859,564.49 8,159,017.57 17,977,000.00 5,411,099.69 3,238,062.82 - 8,649,162.52 607,818.78 378,498.33 - 490,144.95 37,500.00 407,497.78 207,449.33 - 90,749.33 - 95,248.89 - 90,248.89 9,330.00 EFTA01554383 10 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 24 of 74 Settled Foreign Exchange Contracts Trade Settlement Date Currency Sep 27 04 Oct 20 04 Oct 5 04 Oct 20 04 Oct 19 04 Oct 20 04 Counter Amount Currency continued JPY - 10,850,000.00 USD 97,528.08 JPY 549,400,000.00 USD - 4,952,672.85 JPY 18,900,000.00 USD MEXICAN NEW PESO - U S DOLLAR Oct 15 04 Oct 19 04 Oct 18 04 Oct 19 04 Sep 24 04 Oct 20 04 Oct 5 04 Oct 20 04 MXN 57,350,000.00 USD - 5,000,000.00 MXN - 57,350,000.00 USD MXN 57,307,500.00 USD - 5,000,000.00 MXN - 57,307,500.00 USD N ZEALAND DOLLAR - U S DOLLAR Apr 16 04 Oct 20 04 May 27 04 Oct 20 04 May 27 04 Oct 20 04 Sep 10 04 Oct 20 04 Sep 30 04 Oct 20 04 NZD NZD Oct 6 04 Oct 8 04 Oct 20 04 Oct 20 04 Oct 19 04 Oct 21 04 Oct 19 04 Oct 21 04 NZD 10,000,000.00 USD - 6,276,000.00 5,000,000.00 USD - 3,127,000.00 5,000,000.00 USD - 3,127,000.00 NZD - 20,000,000.00 USD 12,986,000.00 NZD 17,500,000.00 USD - 11,798,500.00 NZD - 10,000,000.00 USD NZD - 7,500,000.00 USD NZD 10,000,000.00 USD - 6,850,000.00 NZD - 10,000,000.00 USD S AFRICAN RAND - U S DOLLAR Sep 29 04 Oct 20 04 Oct 18 04 Oct 20 04 TRADE RELATED EFTA01554384 SWISS FRANC Oct 15 04 Oct 20 04 - U S DOLLAR CHF - 5,017,906.26 USD 4,029,799.43 1.245200 1.230044 4,029,799.43 - 4,079,451.91 - 49,652.48 ZAR 12,924,600.00 USD - 2,000,000.00 ZAR - 12,924,600.00 USD - 174,370.33 111.250000 110.930000 108.390000 5,006,516.76 5,051,611.36 11.470000 11.455070 11.461500 11.344400 6,749,000.00 5,095,500.00 6,870,000.00 0.627600 0.625400 0.625400 0.649300 0.674200 0.674900 0.679400 0.685000 0.687000 2,032,169.81 6.462300 6.360000 108.225000 108.225000 108.390000 11.470000 11.470000 11.452000 11.452000 1.443627 1.443627 1.443627 1.443627 1.443627 1.443627 1.443627 0.685000 0.685000 6.311750 6.311750 97,528.08 - 4,952,672.85 - 174,370.33 - 5,000,000.00 5,006,516.76 - 5,000,000.00 5,051,611.36 - 6,276,000.00 EFTA01554385 - 3,127,000.00 - 3,127,000.00 - 100,254.10 5,076,461.07 174,370.33 5,000,000.00 - 5,000,000.00 5,004,147.74 - 5,004,147.74 6,926,999.46 3,463,499.73 3,463,499.73 12,986,000.00 - 13,853,998.93 - 11,798,500.00 6,749,000.00 5,095,500.00 - 6,850,000.00 6,870,000.00 - 2,000,000.00 2,032,169.81 12,122,249.07 - 6,926,999.46 - 5,195,249.60 6,850,000.00 - 6,850,000.00 2,047,704.67 - 2,047,704.67 - 2,726.02 123,788.22 Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD 6,516.76 4,147.74 47,463.62 650,999.46 336,499.73 336,499.73 - 867,998.93 323,749.07 - 177,999.46 - 99,749.60 20,000.00 47,704.67 - 15,534.86 EFTA01554386 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 25 of 74 Account Transactions by Currency Australia Dollar Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Miscellaneous Disbursements Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Australia Dollar Activity by Date Settlement Date Oct 13 Type Spot FX Quantity Description 2,922,800 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL AUD SPOT RATE : 0.730700000 TRADE 10/12/04 VALUE 10/13/04 U S DOLLAR AUSTRALIA DOLLAR Oct 13 FX Opt Asgn'D - 3,110,000 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION BUY AUD SELL USD TRADE 10/12/04 VALUE 10/13/04 4,000,000.00 2,929,399.64 - 276,000.00 - 44,500,000.00 .00 2,497.77 - 404,000,000.00 44,500,000.00 10,000,000.00 394,276,000.00 .00 Amount to Date Realized Amount Gain/Loss USD - 4,000,000.00 - 2,922,800.00 Amount USD EFTA01554387 EFTA01554388 10 Date Oct 20 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 26 of 74 Australia Dollar Activity by Date Settlement continued Realized Type Fwd FX Ctrct Quantity Description - 7,289,000 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.728900000 TRADE 4/16/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 2,148,600 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.716200000 TRADE 4/23/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 8,947,900 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.688300000 TRADE 9/10/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 12,622,750 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.721300000 TRADE 9/30/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 7,226,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.722600000 TRADE 10/05/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 5,430,750 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.724100000 TRADE 10/06/04 VALUE 10/20/04 Oct 28 Fwd FX Ctrct 7,265,100 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD EFTA01554389 CONTRACT RATE : 0.726510000 TRADE 10/19/04 VALUE 10/28/04 2,497.77 Gain/Loss USD 10,000,000.00 7,365,999.57 Amount Amount USD 3,000,000.00 2,209,799.87 - 13,000,000.00 - 9,575,799.45 17,500,000.00 12,890,499.26 - 10,000,000.00 - 7,365,999.57 - 7,500,000.00 - 5,524,499.68 - 10,000,000.00 - 7,452,497.77 EFTA01554390 10 Date Oct 28 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 27 of 74 Australia Dollar Activity by Date Settlement continued Realized Type Spot FX Quantity Description - 7,450,000 SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.745000000 TRADE 10/27/04 VALUE 10/28/04 AUSTRALIA DOLLAR U S DOLLAR Gain/Loss USD 10,000,000.00 7,450,000.00 Amount Amount USD EFTA01554391 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 28 of 74 Account Transactions by Currency Euro Currency 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 Euro Currency Activity by Date Settlement Date Oct 4 Type Spot FX Quantity Description 12,428,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.242800000 TRADE 9/30/04 VALUE 10/04/04 U S DOLLAR EURO PRINCIPAL CURRENCY - 103,000,000.00 .00 43,499.05 - 30,000,000.00 - 518,599,332.92 103,000,000.00 29,941,124.64 518,658,208.28 -00 Amount to Date Realized Amount Gain/Loss USD - 10,000,000.00 - 12,428,000.00 Amount USD EFTA01554392 10 Date Oct 4 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 29 of 74 Euro Currency Activity by Date Settlement continued Realized Type Spot FX Quantity Description - 12,418,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.241800000 TRADE 9/30/04 VALUE 10/04/04 EURO PRINCIPAL CURRENCY U S DOLLAR Oct 4 Spot FX - 12,402,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.240200000 TRADE 9/30/04 VALUE 10/04/04 EURO PRINCIPAL CURRENCY U S DOLLAR Oct 4 Spot FX 12,423,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.242300000 TRADE 9/30/04 VALUE 10/04/04 U S DOLLAR EURO PRINCIPAL CURRENCY Oct 20 Fwd FX Ctrct - 11,971,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.197100000 TRADE 4/16/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 3,536,700 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.178900000 TRADE 4/23/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 11,883,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.188300000 EFTA01554393 TRADE 5/03/04 VALUE 10/20/04 13,181.54 10,000,000.00 12,604,499.17 Gain/Loss USD 10,000,000.00 12,418,000.00 Amount Amount USD 10,000,000.00 12,402,000.00 - 10,000,000.00 - 12,423,000.00 3,000,000.00 3,781,349.75 - 10,000,000.00 - 12,604,499.17 EFTA01554394 10 Date Oct 20 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 30 of 74 Euro Currency Activity by Date Settlement continued Realized Type Fwd FX Ctrct Quantity Description 1,766,100 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.177400000 TRADE 5/11/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 1,796,100 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.197400000 TRADE 5/17/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 7,687,000 SETTLE FORWARD CURRENCY CONTRACT BUY CHF SELL EUR CONTRACT RATE : 1.537400000 TRADE 9/10/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 679,650,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL JPY CONTRACT RATE : 135.930000000 TRADE 9/23/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 683,100,000 SETTLE FORWARD CURRENCY CONTRACT BUY JPY SELL EUR CONTRACT RATE : 136.620000000 TRADE 9/27/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 12,423,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.242300000 TRADE 9/30/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 12,414,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR EFTA01554395 CONTRACT RATE : 1.241400000 TRADE 10/08/04 VALUE 10/20/04 13,181.54 6,590.76 Gain/Loss USD 1,977.22 - 1,500,000.00 - 1,890,674.87 Amount Amount USD 1,977.23 - 1,500,000.00 - 1,890,674.87 6,590.76 - 5,000,000.00 - 6,302,249.58 5,000,000.00 6,302,249.58 - 5,000,000.00 - 6,302,249.58 10,000,000.00 12,604,499.17 - 10,000,000.00 - 12,604,499.17 EFTA01554396 10 Date Oct 20 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 31 of 74 Euro Currency Activity by Date Settlement continued Realized Type Spot FX Quantity Description - 7,695,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL CHF SPOT RATE : 0.798881500 TRADE 10/19/04 VALUE 10/20/04 EURO PRINCIPAL CURRENCY SWISS FRANC Oct 25 Spot FX 12,640,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.264000000 TRADE 10/21/04 VALUE 10/25/04 U S DOLLAR EURO PRINCIPAL CURRENCY Oct 25 Spot FX 12,635,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.263500000 TRADE 10/21/04 VALUE 10/25/04 U S DOLLAR EURO PRINCIPAL CURRENCY Oct 25 Spot FX - 12,612,950 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.261295000 TRADE 10/20/04 VALUE 10/25/04 EURO PRINCIPAL CURRENCY U S DOLLAR Oct 25 Spot FX - 12,594,950 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.259495000 TRADE 10/20/04 VALUE 10/25/04 EURO PRINCIPAL CURRENCY U S DOLLAR 10,000,000.00 12,612,950.00 EFTA01554397 - 10,000,000.00 - 12,635,000.00 Gain/Loss USD 5,000,000.00 6,258,750.52 Amount Amount USD - 10,000,000.00 - 12,640,000.00 10,000,000.00 12,594,950.00 EFTA01554398 10 Date Oct 27 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 32 of 74 Euro Currency Activity by Date Settlement continued Realized Type Fwd FX Ctrct Quantity Description - 12,589,750 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.258975000 TRADE 10/19/04 VALUE 10/27/04 Oct 27 Spot FX 12,803,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.280300000 TRADE 10/25/04 VALUE 10/27/04 U S DOLLAR EURO PRINCIPAL CURRENCY Oct 29 Spot FX 25,512,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.275600000 TRADE 10/26/04 VALUE 10/29/04 U S DOLLAR EURO PRINCIPAL CURRENCY Oct 29 Spot FX - 12,723,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.272300000 TRADE 10/27/04 VALUE 10/29/04 EURO PRINCIPAL CURRENCY U S DOLLAR Oct 29 Spot FX - 12,713,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.271300000 TRADE 10/27/04 VALUE 10/29/04 EURO PRINCIPAL CURRENCY U S DOLLAR 10,000,000.00 12,723,000.00 - 20,000,000.00 - 25,512,000.00 EFTA01554399 Gain/Loss USD 10,000,000.00 12,770,495.04 Amount Amount USD - 10,000,000.00 - 12,803,000.00 10,000,000.00 12,713,000.00 EFTA01554400 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 33 of 74 Account Transactions by Currency Hungarian Forint 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 Hungarian Forint Activity by Date Settlement Date Oct 20 Type Fwd FX Ctrct Quantity Description - 4,803,280.91 SETTLE FORWARD CURRENCY CONTRACT BUY HUF SELL USD CONTRACT RATE : 220.670000000 TRADE 4/27/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 2,859,564.49 SETTLE FORWARD CURRENCY CONTRACT BUY HUF SELL USD CONTRACT RATE : 221.810000000 TRADE 4/28/04 VALUE 10/20/04 - 1,694,220,000.0 .00 .01 - 2,120,000,000.0 - 18,602,510,000. 1,694,220,000.00 3,203,000,000.00 17,519,510,000.00 .00 Amount to Date Realized Amount Gain/Loss USD 1,059,940,000.00 5,411,099.69 Amount USD 634,280,000.00 3,238,062.82 EFTA01554401 10 Date Oct 20 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 34 of 74 Hungarian Forint Activity by Date Settlement continued Realized Type Fwd FX Ctrct Quantity Description 8,159,017.57 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL HUF CONTRACT RATE : 207.650000000 TRADE 9/10/04 VALUE 10/20/04 Gain/Loss USD 0.01 -1,694,220,000.00 - 8,649,162.52 Amount Amount USD EFTA01554402 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 35 of 74 Account Transactions by Currency Japanese Yen Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Japanese Yen Activity by Date Settlement Date Oct 20 Type Fwd FX Ctrct Quantity Description - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY JPY SELL USD CONTRACT RATE : 107.670000000 TRADE 4/16/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 111.730000000 TRADE 5/25/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 9,785,088.52 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 109.580000000 TRADE 9/10/04 VALUE 10/20/04 .00 7,387,850,000.00 - 7,387,850,000.0 .00 44,649.42 16,672,517,520.00 - 16,672,517,520. Amount to Date Realized Amount Gain/Loss USD 1,076,700,000.00 9,948,717.94 Amount USD 3,376.28 - 558,650,000.00 - 5,161,931.16 EFTA01554403 6,480.28 -1,072,250,000.00 - 9,907,599.90 EFTA01554404 10 Date Oct 20 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 36 of 74 Japanese Yen Activity by Date Settlement continued Realized Type Fwd FX Ctrct Quantity Description 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 109.820000000 TRADE 9/10/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL JPY CONTRACT RATE : 196.070000000 TRADE 9/10/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 57,460.86 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 110.510000000 TRADE 9/22/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY JPY SELL USD CONTRACT RATE : 110.300000000 TRADE 9/22/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY JPY SELL GBP CONTRACT RATE : 197.340000000 TRADE 9/22/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 15,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL JPY CONTRACT RATE : 198.540000000 TRADE 9/23/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL JPY EFTA01554405 CONTRACT RATE : 135.930000000 TRADE 9/23/04 VALUE 10/20/04 Gain/Loss USD 6,637.11 -1,098,200,000.00 - 10,147,378.14 Amount Amount USD 5,924.87 - 980,350,000.00 - 9,058,443.05 38.37 - 6,350,000.00 - 58,674.05 1,103,000,000.00 10,191,730.19 986,700,000.00 9,117,117.11 17,998.54 -2,978,100,000.00 - 27,517,671.51 4,107.55 - 679,650,000.00 - 6,279,972.27 EFTA01554406 10 Date Oct 20 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 37 of 74 Japanese Yen Activity by Date Settlement continued Realized Type Fwd FX Ctrct Quantity Description - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY JPY SELL GBP CONTRACT RATE : 200.710000000 TRADE 9/27/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY JPY SELL EUR CONTRACT RATE : 136.620000000 TRADE 9/27/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 31,011.23 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 111.250000000 TRADE 9/27/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 97,528.08 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 111.250000000 TRADE 9/27/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 4,952,672.85 SETTLE FORWARD CURRENCY CONTRACT BUY JPY SELL USD CONTRACT RATE : 110.930000000 TRADE 10/05/04 VALUE 10/20/04 Oct 20 Spot FX - 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY JPY SELL GBP SPOT RATE : 108.490000000 TRADE 10/19/04 VALUE 10/20/04 JAPANESE YEN POUND STERLING 20.85 Gain/Loss USD 1,003,550,000.00 EFTA01554407 9,272,811.27 Amount Amount USD 683,100,000.00 6,311,850.31 - 3,450,000.00 - 31,878.03 65.57 - 10,850,000.00 - 100,254.10 549,400,000.00 5,076,461.07 1,966,500,000.00 18,126,094.57 EFTA01554408 10 Date Oct 20 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 38 of 74 Japanese Yen Activity by Date Settlement continued Realized Type Spot FX Quantity Description - 174,370.33 SPOT CURRENCY TRANSACTION - BUY BUY JPY SELL USD SPOT RATE : 108.390000000 TRADE 10/19/04 VALUE 10/20/04 JAPANESE YEN U S DOLLAR Gain/Loss USD 18,900,000.00 174,370.33 Amount Amount USD EFTA01554409 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 39 of 74 Account Transactions by Currency Mexican New Peso Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Purchases of Securities Foreign Exchange Ending Balance Mexican New Peso Activity by Date Settlement Date Oct 19 Type Spot FX Quantity Description - 5,000,000 SPOT CURRENCY TRANSACTION - BUY BUY MXN SELL USD SPOT RATE : 11.470000000 TRADE 10/15/04 VALUE 10/19/04 MEXICAN NEW PESO U S DOLLAR Oct 19 Spot FX 5,006,516.76 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL MXN SPOT RATE : 11.455070000 TRADE 10/18/04 VALUE 10/19/04 U S DOLLAR MEXICAN NEW PESO - 114,657,500.00 .00 - 221,000,000.00 - 281,026,380.77 114,657,500.00 276,868,880.77 225,157,500.00 .00 Amount to Date Realized Amount Gain/Loss USD 57,350,000.00 5,000,000.00 Amount USD - 57,350,000.00 - 5,006,516.76 EFTA01554410 EFTA01554411 10 Date Oct 20 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 40 of 74 Mexican New Peso Activity by Date Settlement Type Fwd FX Ctrct continued Realized Quantity Description - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY MXN SELL USD CONTRACT RATE : 11.461500000 TRADE 9/24/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 5,051,611.36 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL MXN CONTRACT RATE : 11.344400000 TRADE 10/05/04 VALUE 10/20/04 Gain/Loss USD 57,307,500.00 5,004,147.74 Amount Amount USD - 57,307,500.00 - 5,004,147.74 EFTA01554412 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 41 of 74 Account Transactions by Currency N Zealand Dollar Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Purchases of Securities Miscellaneous Disbursements Foreign Exchange Ending Balance N Zealand Dollar Activity by Date Settlement Date Oct 20 Type Fwd FX Ctrct Quantity Description - 6,276,000 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.627600000 TRADE 4/16/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 3,127,000 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.625400000 TRADE 5/27/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 3,127,000 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.625400000 TRADE 5/27/04 VALUE 10/20/04 - 47,500,000.00 .00 - 20,000,000.00 - 280,284.94 - 573,964,616.52 47,500,000.00 29,964,616.52 564,280,284.94 .00 Amount to Date Realized Amount Gain/Loss USD 10,000,000.00 EFTA01554413 6,926,999.46 Amount USD 5,000,000.00 3,463,499.73 5,000,000.00 3,463,499.73 EFTA01554414 10 Date Oct 20 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 42 of 74 N Zealand Dollar Activity by Date Settlement continued Realized Type Fwd FX Ctrct Quantity Description 12,986,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.649300000 TRADE 9/10/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 11,798,500 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.674200000 TRADE 9/30/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 6,749,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.674900000 TRADE 10/06/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 5,095,500 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.679400000 TRADE 10/08/04 VALUE 10/20/04 Oct 21 Spot FX - 6,850,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.685000000 TRADE 10/19/04 VALUE 10/21/04 N ZEALAND DOLLAR U S DOLLAR Oct 21 Spot FX 6,870,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NZD SPOT RATE : 0.687000000 TRADE 10/19/04 VALUE 10/21/04 U S DOLLAR N ZEALAND DOLLAR Gain/Loss USD EFTA01554415 - 20,000,000.00 - 13,853,998.93 Amount Amount USD 17,500,000.00 12,122,249.07 - 10,000,000.00 - 6,926,999.46 - 7,500,000.00 - 5,195,249.60 10,000,000.00 6,850,000.00 - 10,000,000.00 - 6,870,000.00 EFTA01554416 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 43 of 74 Account Transactions by Currency Pound Sterling Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Foreign Exchange Ending Balance Pound Sterling Activity by Date Settlement Date Oct 12 Type Spot FX Quantity Description - 8,920,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.784000000 TRADE 10/08/04 VALUE 10/12/04 POUND STERLING U S DOLLAR Oct 12 Spot FX 8,957,500 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.791500000 TRADE 10/08/04 VALUE 10/12/04 U S DOLLAR POUND STERLING - 48,000,000.00 .14 - 307,699,999.86 48,000,000.00 13,000,000.00 294,700,000.00 .14 Amount to Date Realized Amount Gain/Loss USD 5,000,000.00 8,920,000.00 Amount USD - 5,000,000.00 - 8,957,500.00 EFTA01554417 10 Date Oct 20 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 44 of 74 Pound Sterling Activity by Date Settlement continued Realized Type Fwd FX Ctrct Quantity Description - 17,725,000 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL USD CONTRACT RATE : 1.772500000 TRADE 4/16/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 5,232,300 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL USD CONTRACT RATE : 1.744100000 TRADE 4/23/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 5,349,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.783000000 TRADE 9/10/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 980,350,000 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL JPY CONTRACT RATE : 196.070000000 TRADE 9/10/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 8,971,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.794200000 TRADE 9/21/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 8,976,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.795200000 TRADE 9/21/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 986,700,000 SETTLE FORWARD CURRENCY CONTRACT BUY JPY SELL GBP EFTA01554418 CONTRACT RATE : 197.340000000 TRADE 9/22/04 VALUE 10/20/04 Gain/Loss USD 10,000,000.00 18,132,497.78 Amount Amount USD 3,000,000.00 5,439,749.33 - 3,000,000.00 - 5,439,749.33 5,000,000.00 9,066,248.89 - 5,000,000.00 - 9,066,248.89 - 5,000,000.00 - 9,066,248.89 - 5,000,000.00 - 9,066,248.89 EFTA01554419 10 Date Oct 20 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 45 of 74 Pound Sterling Activity by Date Settlement continued Realized Type Fwd FX Ctrct Quantity Description -2,978,100,000 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL JPY CONTRACT RATE : 198.540000000 TRADE 9/23/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 1,003,550,000 SETTLE FORWARD CURRENCY CONTRACT BUY JPY SELL GBP CONTRACT RATE : 200.710000000 TRADE 9/27/04 VALUE 10/20/04 Oct 20 Spot FX 1,966,500,000 SPOT CURRENCY TRANSACTION - SALE BUY JPY SELL GBP SPOT RATE : 0.551690821 TRADE 10/19/04 VALUE 10/20/04 JAPANESE YEN POUND STERLING Oct 21 Spot FX - 17,977,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.797700000 TRADE 10/19/04 VALUE 10/21/04 POUND STERLING U S DOLLAR Oct 21 Spot FX 17,986,330 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.798633000 TRADE 10/18/04 VALUE 10/21/04 U S DOLLAR POUND STERLING Gain/Loss USD 15,000,000.00 27,198,746.68 Amount Amount USD - 5,000,000.00 EFTA01554420 - 9,066,248.89 - 10,000,000.00 - 18,126,094.57 10,000,000.00 17,977,000.00 - 10,000,000.00 - 17,986,330.00 EFTA01554421 10 Date Oct 25 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 46 of 74 Pound Sterling Activity by Date Settlement continued Realized Type Expired Opt Quantity Description 7,000,000 GBP PUT USD CALL FX EUROPEAN STYLE OPTION MAR 07, 2005 @ 1.77 KNOCK IN @ 1.775 KNOCK OUT @ 1.84 EXPIRATION OF WRITTEN FX OPTION OPTION KNOCKED OUT Oct 25 Expired Opt 7,000,000 GBP PUT USD CALL FX EUROPEAN STYLE OPTION MAR 07, 2005 @ 1.77 KNOCK IN @ 1.775 KNOCK OUT @ 1.84 EXPIRATION OF WRITTEN FX OPTION OPTION KNOCKED OUT Gain/Loss USD Amount Amount USD EFTA01554422 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 47 of 74 Account Transactions by Currency S African Rand Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Foreign Exchange Ending Balance S African Rand Activity by Date Settlement Date Oct 1 Type Spot FX Quantity Description - 2,000,000 SPOT CURRENCY TRANSACTION - BUY BUY ZAR SELL USD SPOT RATE : 6.450000000 TRADE 9/29/04 VALUE 10/01/04 S AFRICAN RAND U S DOLLAR Oct 1 Spot FX 2,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL ZAR SPOT RATE : 6.450000000 TRADE 9/29/04 VALUE 10/01/04 U S DOLLAR S AFRICAN RAND .00 25,824,600.00 - 25,824,600.00 .00 103,744,600.00 - 103,744,600.00 Amount to Date Realized Amount Gain/Loss USD 12,900,000.00 2,000,000.00 Amount USD - 12,900,000.00 - 2,000,000.00 EFTA01554423 10 Date Oct 18 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 48 of 74 S African Rand Activity by Date Settlement continued Realized Type Expired Opt Quantity Description 67,000,000 ZAR PUT USD CALL FX EUROPEAN STYLE OPTION APR 12, 2005 @ 6.7 KNOCK IN @ 6.85 KNOCK OUT @ 6.39 EXPIRATION OF WRITTEN FX OPTION OPTION KNOCKED OUT Oct 20 Fwd FX Ctrct - 2,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY ZAR SELL USD CONTRACT RATE : 6.462300000 TRADE 9/29/04 VALUE 10/20/04 Oct 20 Spot FX 2,032,169.81 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL ZAR SPOT RATE : 6.360000000 TRADE 10/18/04 VALUE 10/20/04 U S DOLLAR S AFRICAN RAND 12,924,600.00 2,047,704.67 Gain/Loss USD Amount Amount USD - 12,924,600.00 - 2,032,169.81 EFTA01554424 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 49 of 74 Account Transactions by Currency Swiss Franc Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Purchases of Securities Foreign Exchange Ending Balance Swiss Franc Activity by Date Settlement Date Oct 4 Type Spot FX Quantity Description 4,024,744.39 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL CHF SPOT RATE : 1.245100000 TRADE 9/30/04 VALUE 10/04/04 U S DOLLAR SWISS FRANC Oct 6 Sale - 5,000,000 6 MONTH CHF LINKED STRUCTURE 100% PRINCIPAL PROTECTED IN CHF JPMORGAN LONDON 12/6/2004 AS OF 10/04/04 - 17,724,115.50 .00 - 10,000,000.00 - 104,321,115.50 10,029,115.50 7,695,000.00 10,029,115.50 104,292,000.00 .00 Amount to Date Realized Amount Gain/Loss USD - 5,011,209.24 - 4,024,744.39 Amount USD 5,011,209.24 4,024,744.39 EFTA01554425 10 Date Oct 20 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 50 of 74 Swiss Franc Activity by Date Settlement continued Realized Type Fwd FX Ctrct Quantity Description - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY CHF SELL EUR CONTRACT RATE : 1.537400000 TRADE 9/10/04 VALUE 10/20/04 Oct 20 Sale - 5,000,000 6 MONTH CHF LINKED STRUCTURE 100% PRINCIPAL PROTECTED IN CHF JPMORGAN LONDON 12/6/2004 REP: UNWIND OF CHF BULLISH STRUCTURED DEPOSIT Oct 20 Spot FX 5,000,000 SPOT CURRENCY TRANSACTION - SALE BUY EUR SELL CHF SPOT RATE : 1.229478627 TRADE 10/19/04 VALUE 10/20/04 EURO PRINCIPAL CURRENCY SWISS FRANC Oct 20 Spot FX - 6,512.54 SPOT CURRENCY TRANSACTION - BUY BUY CHF SELL USD SPOT RATE : 1.228400000 TRADE 10/19/04 VALUE 10/20/04 SWISS FRANC U S DOLLAR Oct 20 Spot FX 4,029,799.43 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL CHF SPOT RATE : 1.245200000 TRADE 10/15/04 VALUE 10/20/04 U S DOLLAR SWISS FRANC Gain/Loss USD 7,687,000.00 6,299,012.57 Amount Amount USD EFTA01554426 5,017,906.26 4,029,799.43 - 7,695,000.00 - 6,258,750.52 8,000.00 6,512.54 - 5,017,906.26 - 4,029,799.43 EFTA01554427 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 51 of 74 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 Miscellaneous Disbursements Foreign Exchange Ending Balance - 10,538,928.48 - 2,256,450.00 - 2,114,009.40 - 276,433,901.12 .00 *Year to date information is calculated on a calendar year basis. — 150,724,935.31 - 26,585,039.70 - 9,368,322.24 - 1,907,876,163.6 82,530.99 2,882,100.00 3,070,630.00 285,308,028.01 468,606.33 100,677,426.35 35,242,557.00 963,054.02 1,957,202,817.20 .00 Amount Year to Date USD* U S Dollar Activity by Date Type Settlement Date Oct 1 Dividend Quantity Description JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) Amount USD 82,530.99 EFTA01554428 10 Settlement Date Oct 1 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 52 of 74 U S Dollar Activity by Date Type continued Quantity Description Spot FX 12,900,000 SPOT CURRENCY TRANSACTION - BUY BUY ZAR SELL USD SPOT RATE : 6.450000000 TRADE 9/29/04 VALUE 10/01/04 S AFRICAN RAND U S DOLLAR Oct 1 Spot FX - 12,900,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL ZAR SPOT RATE : 6.450000000 TRADE 9/29/04 VALUE 10/01/04 U S DOLLAR S AFRICAN RAND Oct 1 Buy-Back Opt 41,925,000 ZAR CALL USD PUT FX EUROPEAN STYLE OPTION OCT 14, 2004 @ 6.45 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 09/29/04 Oct 1 Oct 4 Purchase Spot FX 12,330.99 - 5,011,209.24 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - SALE BUY USD SELL CHF SPOT RATE : 1.245100000 TRADE 9/30/04 VALUE 10/04/04 U S DOLLAR SWISS FRANC - 12,330.99 4,024,744.39 Amount USD - 2,000,000.00 2,000,000.00 - 70,200.00 EFTA01554429 10 Settlement Date Oct 4 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 53 of 74 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 : 1.242800000 TRADE 9/30/04 VALUE 10/04/04 U S DOLLAR EURO PRINCIPAL CURRENCY Oct 4 Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.241800000 TRADE 9/30/04 VALUE 10/04/04 EURO PRINCIPAL CURRENCY U S DOLLAR Oct 4 Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.240200000 TRADE 9/30/04 VALUE 10/04/04 EURO PRINCIPAL CURRENCY U S DOLLAR Oct 4 Spot FX - 10,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.242300000 TRADE 9/30/04 VALUE 10/04/04 U S DOLLAR EURO PRINCIPAL CURRENCY - 12,418,000.00 Amount USD 12,428,000.00 - 12,402,000.00 12,423,000.00 EFTA01554430 10 Settlement Date Oct 4 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 54 of 74 U S Dollar Activity by Date Type continued Quantity Description Write Option - 10,000,000 NZD PUT USD CALL FX EUROPEAN STYLE OPTION MAR 31, 2005 @ .665 KNOCK IN TRIGGERED @ .67 BARRIER EXP 10/7/2004 WRITTEN FX OPTION PUT 10,000,000.00 NZD CALL 6,650,000.00 USD TRADE DATE 09/30/04 Oct 4 Write Option - 20,000,000 AUD PUT USD CALL FX EUROPEAN STYLE OPTION APR 01, 2005 @ .715 KNOCK IN TRIGGERED @ .7193 BARRIER EXP 10/7/2004 WRITTEN FX OPTION PUT 20,000,000.00 AUD CALL 14,300,000.00 USD TRADE DATE 09/30/04 Oct 4 Oct 8 Purchase Write Option 4,371,424.39 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) - 171,000,000 MXN PUT USD CALL FX EUROPEAN STYLE OPTION JUL 06, 2005 @ 11.4 KNOCK OUT @ 11.15 WRITTEN FX OPTION PUT 171,000,000.00 MXN CALL 15,000,000.00 USD TRADE DATE 10/06/04 - 4,371,424.39 292,500.00 215,930.00 Amount USD 99,750.00 EFTA01554431 10 Settlement Date Oct 8 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 55 of 74 U S Dollar Activity by Date Type continued Quantity Description Write Option - 57,250,000 MXN PUT USD CALL FX EUROPEAN STYLE OPTION JUL 06, 2005 @ 11.45 KNOCK OUT @ 11.185 WRITTEN FX OPTION PUT 57,250,000.00 MXN CALL 5,000,000.00 USD TRADE DATE 10/06/04 Oct 8 Oct 12 Oct 12 Purchase Sale Spot FX 375,000 - 510,000 5,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.784000000 TRADE 10/08/04 VALUE 10/12/04 POUND STERLING U S DOLLAR Oct 12 Spot FX - 5,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.791500000 TRADE 10/08/04 VALUE 10/12/04 U S DOLLAR POUND STERLING Oct 12 Buy-Back Opt 250 WTI SHORT CALL OPTION USD PUT OPTION STRIKE 50 EXPIRING 12/15/2004 BUY BACK OTC CALL TRADE DATE 10/08/04 EFTA01554432 - 1,165,000.00 - 375,000.00 510,000.00 - 8,920,000.00 Amount USD 82,500.00 8,957,500.00 EFTA01554433 10 Settlement Date Oct 12 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 56 of 74 U S Dollar Activity by Date Type continued Quantity Description Write Option - 250 WTI OTC EUROPEAN CALL OPTION DEC 15 2004 @ 55 STRIKE 55 EXPIRING 12/15/2004 SALE OF CALL OPTION ON OIL TRADE DATE 10/08/04 Oct 13 Oct 13 Sale Spot FX - 187,200 - 4,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - SALE BUY USD SELL AUD SPOT RATE : 0.730700000 TRADE 10/12/04 VALUE 10/13/04 U S DOLLAR Oct 13 FX Option Assignment 4,000,000 AUSTRALIA DOLLAR AUD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 11, 2004 @ .7775 KNOCK IN TRIGGERED @ .7565 KNOCK OUT @ .8020 WRITTEN FX OPTION ASSIGNED CALL 4,000,000.00 AUD PUT 3,110,000.00 USD TRADE DATE 10/12/04 Oct 13 FX Opt Asgn'D 4,000,000 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION BUY AUD SELL USD TRADE 10/12/04 VALUE 10/13/04 - 3,110,000.00 187,200.00 2,922,800.00 Amount USD 617,500.00 EFTA01554434 EFTA01554435 10 Settlement Date Oct 14 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 57 of 74 U S Dollar Activity by Date Type continued Quantity Description Expired Opt 41,925,000 ZAR CALL USD PUT FX EUROPEAN STYLE OPTION OCT 14, 2004 @ 6.45 Oct 14 Write Option - 67,000,000 EXPIRATION OF WRITTEN FX OPTION ZAR PUT USD CALL FX EUROPEAN STYLE OPTION APR 12, 2005 @ 6.7 KNOCK IN @ 6.85 KNOCK OUT @ 6.39 WRITTEN FX OPTION PUT 67,000,000.00 ZAR CALL 10,000,000.00 USD TRADE DATE 10/12/04 Oct 14 Oct 19 Oct 19 Purchase Purchase Spot FX 265,000 6,516.76 57,350,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - BUY BUY MXN SELL USD SPOT RATE : 11.470000000 TRADE 10/15/04 VALUE 10/19/04 MEXICAN NEW PESO U S DOLLAR Oct 19 Spot FX - 57,350,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL MXN SPOT RATE : 11.455070000 TRADE 10/18/04 VALUE 10/19/04 U S DOLLAR MEXICAN NEW PESO EFTA01554436 - 265,000.00 - 6,516.76 - 5,000,000.00 265,000.00 Amount USD 5,006,516.76 EFTA01554437 10 Settlement Date Oct 20 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 58 of 74 U S Dollar Activity by Date Type continued Quantity Description Fwd FX Ctrct 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.728900000 TRADE 4/16/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.627600000 TRADE 4/16/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.197100000 TRADE 4/16/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL USD CONTRACT RATE : 1.772500000 TRADE 4/16/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 1,076,700,000 SETTLE FORWARD CURRENCY CONTRACT BUY JPY SELL USD CONTRACT RATE : 107.670000000 TRADE 4/16/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 3,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL USD CONTRACT RATE : 1.744100000 TRADE 4/23/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 3,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.716200000 EFTA01554438 TRADE 4/23/04 VALUE 10/20/04 Amount USD - 7,289,000.00 - 6,276,000.00 - 11,971,000.00 - 17,725,000.00 - 10,000,000.00 - 5,232,300.00 - 2,148,600.00 EFTA01554439 10 Settlement Date Oct 20 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 59 of 74 U S Dollar Activity by Date Type continued Quantity Description Fwd FX Ctrct 3,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.178900000 TRADE 4/23/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 1,059,940,000 SETTLE FORWARD CURRENCY CONTRACT BUY HUF SELL USD CONTRACT RATE : 220.670000000 TRADE 4/27/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 634,280,000 SETTLE FORWARD CURRENCY CONTRACT BUY HUF SELL USD CONTRACT RATE : 221.810000000 TRADE 4/28/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.188300000 TRADE 5/03/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 1,500,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.177400000 TRADE 5/11/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 1,500,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.197400000 TRADE 5/17/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 558,650,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 111.730000000 EFTA01554440 TRADE 5/25/04 VALUE 10/20/04 Amount USD - 3,536,700.00 - 4,803,280.91 - 2,859,564.49 11,883,000.00 1,766,100.00 1,796,100.00 5,000,000.00 EFTA01554441 10 Settlement Date Oct 20 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 60 of 74 U S Dollar Activity by Date Type continued Quantity Description Fwd FX Ctrct 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.625400000 TRADE 5/27/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.625400000 TRADE 5/27/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 13,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.688300000 TRADE 9/10/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 20,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.649300000 TRADE 9/10/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 3,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.783000000 TRADE 9/10/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct -1,694,220,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL HUF CONTRACT RATE : 207.650000000 TRADE 9/10/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct -1,072,250,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 109.580000000 EFTA01554442 TRADE 9/10/04 VALUE 10/20/04 Amount USD - 3,127,000.00 - 3,127,000.00 8,947,900.00 12,986,000.00 5,349,000.00 8,159,017.57 9,785,088.52 EFTA01554443 10 Settlement Date Oct 20 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 61 of 74 U S Dollar Activity by Date Type continued Quantity Description Fwd FX Ctrct -1,098,200,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 109.820000000 TRADE 9/10/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.794200000 TRADE 9/21/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.795200000 TRADE 9/21/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 6,350,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 110.510000000 TRADE 9/22/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 1,103,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY JPY SELL USD CONTRACT RATE : 110.300000000 TRADE 9/22/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 57,307,500 SETTLE FORWARD CURRENCY CONTRACT BUY MXN SELL USD CONTRACT RATE : 11.461500000 TRADE 9/24/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 3,450,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 111.250000000 EFTA01554444 TRADE 9/27/04 VALUE 10/20/04 Amount USD 10,000,000.00 8,971,000.00 8,976,000.00 57,460.86 - 10,000,000.00 - 5,000,000.00 31,011.23 EFTA01554445 10 Settlement Date Oct 20 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 62 of 74 U S Dollar Activity by Date Type continued Quantity Description Fwd FX Ctrct - 10,850,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 111.250000000 TRADE 9/27/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 12,924,600 SETTLE FORWARD CURRENCY CONTRACT BUY ZAR SELL USD CONTRACT RATE : 6.462300000 TRADE 9/29/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.242300000 TRADE 9/30/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 17,500,000 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.721300000 TRADE 9/30/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 17,500,000 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.674200000 TRADE 9/30/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 57,307,500 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL MXN CONTRACT RATE : 11.344400000 TRADE 10/05/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.722600000 EFTA01554446 TRADE 10/05/04 VALUE 10/20/04 Amount USD 97,528.08 - 2,000,000.00 - 12,423,000.00 - 12,622,750.00 - 11,798,500.00 5,051,611.36 7,226,000.00 EFTA01554447 10 Settlement Date Oct 20 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 63 of 74 U S Dollar Activity by Date Type continued Quantity Description Fwd FX Ctrct - 7,500,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.724100000 TRADE 10/06/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.674900000 TRADE 10/06/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 7,500,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.679400000 TRADE 10/08/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.241400000 TRADE 10/08/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 549,400,000 SETTLE FORWARD CURRENCY CONTRACT BUY JPY SELL USD CONTRACT RATE : 110.930000000 TRADE 10/05/04 VALUE 10/20/04 Oct 20 Spot FX - 12,924,600 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL ZAR SPOT RATE : 6.360000000 TRADE 10/18/04 VALUE 10/20/04 U S DOLLAR S AFRICAN RAND Amount USD 5,430,750.00 6,749,000.00 5,095,500.00 EFTA01554448 12,414,000.00 - 4,952,672.85 2,032,169.81 EFTA01554449 10 Settlement Date Oct 20 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 64 of 74 U S Dollar Activity by Date Type continued Quantity Description Buy-Back Opt 250 WTI OTC EUROPEAN CALL OPTION DEC 15 2004 @ 55 STRIKE 55 EXPIRING 12/15/2004 BUY BACK OTC CALL TRADE DATE 10/18/04 Oct 20 Write Option - 20,000,000 EUR CALL USD PUT FX EUROPEAN STYLE OPTION NOV 18, 2004 @ 1.25 KNOCK IN @ 1.265 WRITTEN FX OPTION CALL 20,000,000.00 EUR PUT 25,000,000.00 USD TRADE DATE 10/18/04 Oct 20 Misc. Disbursement WALT DISNEY CO EQUITY SWAP 24,954,900 USD NOTIONAL JAN 19 2005 DEAL REF # 2353480 INTEREST DUE ON EQUITY SWAP AS OF 10/19/04 Oct 20 Oct 20 Purchase Spot FX 4,921,776.34 8,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - BUY BUY CHF SELL USD SPOT RATE : 1.228400000 TRADE 10/19/04 VALUE 10/20/04 SWISS FRANC U S DOLLAR - 4,921,776.34 - 6,512.54 - 114,009.40 232,500.00 Amount USD - 607,500.00 EFTA01554450 EFTA01554451 10 Settlement Date Oct 20 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 65 of 74 U S Dollar Activity by Date Type continued Quantity Description Spot FX 18,900,000 SPOT CURRENCY TRANSACTION - BUY BUY JPY SELL USD SPOT RATE : 108.390000000 TRADE 10/19/04 VALUE 10/20/04 JAPANESE YEN U S DOLLAR Oct 20 Spot FX - 5,017,906.26 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL CHF SPOT RATE : 1.245200000 TRADE 10/15/04 VALUE 10/20/04 U S DOLLAR SWISS FRANC Oct 20 Write Option - 250 WTI SHORT PUT OPTION USD CALL OPTION STRIKE 50.00 EXPIRING 1/14/2005 SALE OF PUT OPTION ON OIL TRADE DATE 10/18/04 Oct 20 Write Option - 250 ENTRY REVERSED ON 10/27/2004 WTI SHORT PUT OPTION USD CALL OPTION STRIKE 59.00 EXPIRING 1/14/2005 SALE OF PUT OPTION ON OIL TRADE DATE 10/18/04 162,500.00 Amount USD - 174,370.33 4,029,799.43 487,500.00 EFTA01554452 10 Settlement Date Oct 21 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 66 of 74 U S Dollar Activity by Date Type continued Quantity Description Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.797700000 TRADE 10/19/04 VALUE 10/21/04 POUND STERLING U S DOLLAR Oct 21 Oct 21 Purchase Spot FX 29,330 10,000,000 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 : 0.685000000 TRADE 10/19/04 VALUE 10/21/04 N ZEALAND DOLLAR U S DOLLAR Oct 21 Spot FX - 10,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NZD SPOT RATE : 0.687000000 TRADE 10/19/04 VALUE 10/21/04 U S DOLLAR N ZEALAND DOLLAR Oct 21 Spot FX - 10,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.798633000 TRADE 10/18/04 VALUE 10/21/04 U S DOLLAR POUND STERLING 17,986,330.00 Amount USD - 17,977,000.00 - 29,330.00 - 6,850,000.00 6,870,000.00 EFTA01554453 EFTA01554454 10 Settlement Date Oct 22 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 67 of 74 U S Dollar Activity by Date Type continued Quantity Description Buy-Back Opt 20,000,000 EUR CALL USD PUT FX EUROPEAN STYLE OPTION NOV 18, 2004 @ 1.25 KNOCK IN @ 1.265 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 10/20/04 Oct 22 Write Option - 20,000,000 EUR PUT USD CALL FX EUROPEAN STYLE OPTION APR 20, 2005 @ 1.255 WRITTEN FX OPTION PUT 20,000,000.00 EUR CALL 25,100,000.00 USD TRADE DATE 10/20/04 Oct 22 Oct 25 Purchase Spot FX 201,200 - 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 : 1.264000000 TRADE 10/21/04 VALUE 10/25/04 U S DOLLAR EURO PRINCIPAL CURRENCY Oct 25 Spot FX - 10,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.263500000 TRADE 10/21/04 VALUE 10/25/04 U S DOLLAR EURO PRINCIPAL CURRENCY Oct 25 Purchase 67,100 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) - 67,100.00 EFTA01554455 12,635,000.00 - 201,200.00 12,640,000.00 614,950.00 Amount USD - 413,750.00 EFTA01554456 10 Settlement Date Oct 25 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 68 of 74 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 : 1.261295000 TRADE 10/20/04 VALUE 10/25/04 EURO PRINCIPAL CURRENCY U S DOLLAR Oct 25 Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.259495000 TRADE 10/20/04 VALUE 10/25/04 EURO PRINCIPAL CURRENCY U S DOLLAR Oct 27 Fwd FX Ctrct 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.258975000 TRADE 10/19/04 VALUE 10/27/04 Oct 27 Write Option 250 TO REVERSE ENTRY OF 10/20/2004 WTI SHORT PUT OPTION USD CALL OPTION STRIKE 59.00 EXPIRING 1/14/2005 SALE OF PUT OPTION ON OIL TRADE DATE 10/18/04 AS OF 10/20/04 Oct 27 Purchase 213,250 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) - 213,250.00 Amount USD - 12,612,950.00 - 12,594,950.00 - 12,589,750.00 EFTA01554457 - 162,500.00 EFTA01554458 10 Settlement Date Oct 27 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 69 of 74 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 : 1.280300000 TRADE 10/25/04 VALUE 10/27/04 U S DOLLAR EURO PRINCIPAL CURRENCY Oct 27 Write Option - 250 WTI SHORT CALL OPTION USD PUT OPTION STRIKE 59.00 EXPIRING 1/14/2005 SALE OF CALL OPTION ON OIL TRADE DATE 10/18/04 Oct 28 Oct 28 Sale Fwd FX Ctrct - 2,184,900 - 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 AUD CONTRACT RATE : 0.726510000 TRADE 10/19/04 VALUE 10/28/04 Oct 28 Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.745000000 TRADE 10/27/04 VALUE 10/28/04 AUSTRALIA DOLLAR U S DOLLAR Oct 28 Misc. Disbursement FUNDS TRANSFERRED FROM BRKRG AC# Q30171005 (PRN) TO DDA AC# 000739110438 LETTER FROM CLIENT 2,184,900.00 7,265,100.00 EFTA01554459 162,500.00 Amount USD 12,803,000.00 - 7,450,000.00 - 2,000,000.00 EFTA01554460 10 Settlement Date Oct 29 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 70 of 74 U S Dollar Activity by Date Type continued Quantity Description Spot FX - 20,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.275600000 TRADE 10/26/04 VALUE 10/29/04 U S DOLLAR EURO PRINCIPAL CURRENCY Oct 29 Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.272300000 TRADE 10/27/04 VALUE 10/29/04 EURO PRINCIPAL CURRENCY U S DOLLAR Oct 29 Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.271300000 TRADE 10/27/04 VALUE 10/29/04 EURO PRINCIPAL CURRENCY U S DOLLAR Oct 29 Purchase 76,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) - 12,723,000.00 Amount USD 25,512,000.00 - 12,713,000.00 - 76,000.00 In Case of Errors or Questions About Your Electronic Transfers. Contact yourMorgan Teamat one ofthe telephonenumbers on the front of this statem ent or write us at 500 Stanton ChristianaRoad, 1/OPS, Newark,DE19713-2107 as soo n 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 which the erroror problem appeared. (1) Tellus yourname and a ccount number. (2) Describethe erroror the transferyou are unsure about, and exp lainas clearly as you can why you believe it is in erroror why you need more information. (3) tell EFTA01554461 us the dollaramount of the suspected error. Ifyou contact us orally, you must s end us your complaint or question in writing 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 credit youraccount for the amount you think i s in error, so that you will have the use ofmoneyduring the time it takes us to complete our investigation. EFTA01554462 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 71 of 74 In case of errors or questions about your statement, including your line of cred it. If you think that your statement is incorrect or if you need more information ab out a transaction on your statement including a line of credit transaction, you must write to us on a separate sheet describing the error and send it to: JPMorg an, Private Bank, 500 Stanton Christiana Road, 1/OPS3, Newark, DE 19713-2107. We mus t hear from you no later than 60 days after the statement on which the error or problem appeared is sent. You can contact your client service specialist but doing so will not preserve your rights. In your letter, please provide the following information: (1) your name and acco unt 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. The JPMorgan Funds or The JPMorgan Institutional Funds or The American Century F unds Shares of the funds are not bank deposits and are not guaranteedby any bank, gov ernmententity, or the 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 estimatedannualincome and dividendyieldfigures for mutual funds represen tthe funds' most recentincome dividendannualized. J.P. Morgan Funds Distributor, Inc. is the distributor of the JPMorgan Funds and American CenturylnvestmentServices, Inc. is the distributor of the American Cen turyFunds. J.P. Morgan InvestmentManagementInc. and American CenturylnvestmentMa nagement Inc. serveas investment advisors to theirrespectivefund familiesand receivecompensati on from theirrespectivefund families for providing investment advisoryand other services. If you have chosen one of the sweep mutual funds, you are notified that position s in the Prime Money Market Sweep Fund represent holdings in the JPMorgan Prime Money Market Fund; positions in the FederalMoney Market Sweep Fund represent hol dings in the JPMorgan FederalMoneyMarketFund; and positions in the TaxExemptMoneyMarketSweep Fund representholdings in the JPMorgan TaxExemptMoneyMarketFund. JPMSI is the custodian of listed options and most mutual funds, including third partymutual funds, purchasedthrough JPMSI. JPMSI is a memberof the Securities InvestorProtection Corporation ("SIPC"),a not -for-profit membership corporation funded by broker-dealersregisteredwith the Se curitiesand ExchangeCommission. Securitiesand cash held for a customer account a t JPMSI are protected up to the total net equity ofeach account.. The first $500,000 of protection, wh ich includes up to $100,000 of protection for cash, is providedby SIPC. As ofMar ch 2004, the balanceof the protection is providedby a separateExcessSlPC SuretyB and issued by Customer Asset Protection Company. SIPCand excessSlPCprotection do not protect against lo sses from fluctuations in the valueof the securities. Assets held in custody by JPMorgan Chase Bank, N.A. (the "Bank")are not subject to SIPCor excess SIPCprote ction. J.P. Morgan Securities Inc., JPMorgan Chase Bank, N.A. or their affiliates(the " Morgan Companies")mayprovide administrative,custodial, sales, distribution or sh areholderservicesto JPMorgan Funds, AmericanCenturyFunds, or funds established, EFTA01554463 sponsored, advised, or managedby third parties, and the Morgan Companiesmaybe compensatedfor such servi ces. Explanation of JPMSI Ratings: Overweight: Neutral: JPMorgan uses the following rating system: Underweight: Independent Research Over the next six to rage total return of age universe. Over the next six to th the average total m's) coverage universe. Over the next six to twelve average total return of the verage universe. JPMSI does not endorse or otherwise adopt the IndependentResearchProviderresearc hand/or ratings. Differentfirms use a varietyof ratings terms as well as differe ntratings systems to describe their recommendations. JPMSI uses a "relative"ratings system as describedabove. IRPsmayuse a differentratings system , such as as an "absolute"ratings system and use such terms as "buy", "hold", or "sell". Since "relative"and "absolute"ratings systems are fundamentallydifferen t, you should read carefully the definitions of all ratings used in the JPMSI and IRP research that is includ ed in the research itself. For this reason and since the research contains the b asis for the ratings as well as complete information concerning the analyst's vi ews, you should read carefully the researchand not inferits contents from the rating alone. JPMorgan Private Bank is the marketing name for the private banking business con ducted by J.P.Morgan Chase & Co. through its subsidiaries worldwide, including J PMorgan Chase Bank, N.A., J.P. Morgan Trust Company, N.A. and J.P. Morgan Securi ties Inc. Ratings: twelve months, we expect this stock will outperform the ave the stocks in the analyst's (or the analyst's team's) cover twelve months, we expect this stock will perform in line wi return of the stocks in the analyst's (or the analyst's tea months, we expect this stock will under-perform the stocks in the analyst's (or the analyst's team's) co EFTA01554464 10 J.P. Morgan Securities Inc. 2004 Account Number: 161121381 FINANCIAL TRUST COMPANY INC 270 Park Avenue, New York, NY 10017 Margin Account Portfolio October 01, 2004 - October 31, 2004 Page 72 of 74 Margin Account Portfolio October 1 - October 31, 2004 Table of Contents Portfolio Summary Account Officers D'ORAZIO/HORNAK Page 73 All positions in this Margin Account Portfolio are held in custody at J.P. Morga n Securities Inc. ("JPMSI"). Member SIPC. EFTA01554465 10 J.P. Morgan Securities Inc. 2004 Account Number: 161121381 FINANCIAL TRUST COMPANY INC 270 Park Avenue, New York, NY 10017 Margin Account Portfolio October 01, 2004 - October 31, 2004 Page 73 of 74 Overview Portfolio Summary IMPORTANT INFORMATION ABOUT YOUR STATEMENT Contact your client service specialist if you think your statement is incorrect or you require additional information about a transaction on your statement. JPMSI is a memberof the Securities InvestorProtection Corporation ("SIPC"),a not -for-profit membership corporation funded by broker-dealersregisteredwith the Se curitiesand ExchangeCommission. Securitiesand cash held for a customer account a t JPMSI are protected up to the total net equity ofeach account.. The first $500,000 of protection, wh ich includes up to $100,000 of protection for cash, is providedby SIPC. As ofMar ch 2004, the balanceof the protection is providedby a separateExcessSlPC SuretyB and issued by Customer Asset Protection Company. SIPCand excessSlPCprotection do not protect against lo sses from fluctuations in the valueof the securities. Assets held in custody by JPMorgan Chase Bank, N.A. (the "Bank")are not subject to SIPCor excess SIPCprote ction. J.P. Morgan Securities Inc., JPMorgan Chase Bank, N.A. or their affiliates(the " Morgan Companies")mayprovide administrative,custodial, sales, distribution or sh areholderservicesto JPMorgan Funds, AmericanCenturyFunds, or funds established, sponsored, advised, or managedby third parties, and the Morgan Companiesmaybe compensatedfor such servi ces. Market Value USD Total Oct 31 0.00 Estimated Annual Income USD EFTA01554466 10 J.P. Morgan Securities Inc. 2004 Account Number: 161121381 FINANCIAL TRUST COMPANY INC 270 Park Avenue, New York, NY 10017 Margin Account Portfolio October 01, 2004 - October 31, 2004 Page 74 of 74 IMPORTANT INFORMATION ABOUT YOUR JPMSI MARGIN ACCOUNT If there are any errors or omissions on this statement, or if you have any quest ions about it, please contact your JPMSI Account Representative or JPMSI Complia nce Department at (212) 483-2323. 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 avai lable upon your request. 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 o peration of JPMSIs business, subject to the limitations of SEC Rule 15c3-3. Unle ss otherwise instructed, JPMSI or its agents and depositories will hold your sec urities. Upon your demand, JPMSI will pay to you the amount of your free credit balance, and w ill deliver to you fully-paid securities held on your behalf. Interest will be charged on any debit balance; the method of calculating interes t is described in a letter sent to all margin customers. Upon written request, J PMSI will supply you with our most recent 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 you r Margin Account we will allocate the call by a method we deem fair and equitabl e . You should have received separate JPMSI trade confirmations for each securities transaction. All transactions are subject to the terms and conditions stated on the reverse side of such confirmations and are subject to the constitution, by-1 aws, customs and interpretations of the marketplace where executed and governed by and constr ued in accordance with the laws of the state of New York and all applicable fede ral laws and regulations. You must promptly advise JPMSI of material changes in your investment objectives or financial situation. Unless you inform JPMSI otherwise, JPMSI will consider the information currently in its files to be complete and accurate. JPMSI is required by law to report to the Internal Revenue Service all dividends and/or interest income on bonds credited to your account during calendar year. Please retain all your statements to assist you in preparing your income tax ret urns A financial statement of JPMSI is available for your personal inspection at its offices, or a copy of it will be mailed upon your written request. JPMSI is not a bank and is a separate legal entity from its bank or thrift affil fates, including JPMCB. The securities sold, offered or recommended by JPMSI: (1) Are not insured by the Federal Deposit Insurance Corporation, or any other g overnmental agency; (2) Are not deposits or other obligations of JPMSI's bank or thrift affiliates unless otherwise indicated), and are not guaranteed by or the responsibility of any such affiliates(unless explicitly stated 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 un derwrites, in which case proceeds of offerings underwritten by JPMSI may be used for the repayment of such loans, and you should refer to the disclosure documen is relating EFTA01554467 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 your continuing to transact business with JPMSI will constitute your consent to the sharing of such information by JPMSI and its bank or thrift affiliates, to the extent permitted by law. JPMorgan Private Bank is the marketing name for the private banking business con ducted by J.P. Morgan Chase & Co. through its subsidiaries worldwide, including JPMCB and JPMSI. EFTA01554468