EFTA01507329

07 12004 Account Number: FINANCIAL TRUST COMPANY INC Portfolio Summary Except ke the Deposit Account I elected). end the corn in Me Asset Account when ere "lured decors weir JAWS non* ante "sewn relent! Ion OW statifetwol of sour Asset Account incluAno newt tunes. en FDIC 'nand or tone deposits obibodons of of gueenteed OMAGH arroyo( As Oink or fittlfinntisies Omens a* ore inhostern. Such secunbes and omit imesIrnenit so Nitwit InlOtnient noes inclucles MASAO Mn of Me 'Mot* amount needed See 7rnixeleint Informston about )OW AU& tholowege Accassr el Moon/ of Ma Asset Account Penrose JPMorgan Chase Bank 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 JPMorgan Private Bank Page 4 of 65 Overview Cash & Short Term Equities Other Options Total Foreign Exchange Accrued Income Total Portfolio Value Cunene Market Yahue USD Jul of Prior Prinon Market Vela USD Jun 30 Tax Cost USD Enemata I Annual Income USD mold % 68,151,001.78 71,198,158.97 68,151,001.78 822,582.58 1.2 11,469,856.44 12,786,822.60 0.0 4,716,104.60 7,358,553.39 8,003,201.28 0.0 - 2,548,415.32 - 2,621,321.71 - 592,759.31 N/A N/A 81,788,547.50 88,722,213.25 75,561,443.75 822,582.58 1.0 1,646,571.77 - 89.821.95 67,138.83 61,065.98 83,502,258.10 88,693,457.28 Asset Allocation 80% Cash and Short Term 14% Equities 0 6% Other Market value of Options is not included in pie chart. Income Summary Dividends Total This Period USD 61,065.98 61,065.98 Year to Date USD' 243,798.98 243,798.98 Net Gain/Loss Summary Realized This Penal USD Realized Year to Date USD' Unrealized USD Net Short Term Gain/Loss - 611,458.58 6,853,270.77 - 1,848,626.42 Net Long Term Gain/Loss - 311,634.56 Total - 611,458.58 6,853,270.77 - 2,160,260.98 'Year to date information is calculated on a calendar year basis. Exchange Rates Spot Rates as of July 31.2004 CUITOnCy AUD CHF Exchange Rate 0.7003 1.2794 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00032355 SDNY_GM_00301553 EFTA01507329