EFTA01507350

07 12004 Account Number: CI FINANCIAL TRUST COMPANY INC July 01, 2004 - July 31, 2004 JP1sturgan Chase Bank 345 Park Avenue, New York. NY 10154-1002 JPMorgan Private Bank Asset Account Portfolio Page 32 of 65 Account Transactions by Currency Hungarian Forint Activity Summary Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Purchases of Securities Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Amount this Petiod Amount to an .00 3,203,000,000.00 2,711,370,000.00 14,341,940,000.00 - 2,120,000,000.0 - 2,711,370,000.0 - 15,424,940,000. .00 90,098.50 Hungarian Forint Activity by Date Unlipm•nr Oars TO* R•alind Quantity Description Gam/Loss USD Amount Amount USD Jul 9 Expired Opt Jul 14 Fwd FX Ctrct 2,580,000,000 HUF PUT USD CALL FX EUROPEAN STYLE OPTION DEC 20.2004 @ 215 KNOCK IN C 225 KNOCK OUT 42 202 EXPIRATION OF WRITTEN FX OPTION OPTION KNOCKED OUT 7,959,689.92 SETTLE FORWARD CURRENCY CONTRACT 90,098.50 -1,694,220,000.00 - 8,417,223.80 BUY USD SELL HUF CONTRACT RATE : 212.850000000 TRADE 6/10/04 VALUE 7/14/04 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00032383 SDNY_GM_00301581 EFTA01507350