EFTA01507353

07 12004 Account Number: FINANCIAL TRUST COMPANY INC July 01, 2004 - July 31, 2004 JPMorgan Chase Bank 345 Park Avenue, New York. NY 10154-1002 JPMorgan Private Bank Asset Account Portfolio Page 35 of 65 Account Transactions by Currency N Zealand Dollar Activity Summary Amount tads Amami! Period IV Oat* Beginning Balance .00 Credits Sales, Maturities, Redemptions Foreign Exchange 35,000,000 00 Debits Purchases of Securities Miscellaneous Disbursements Foreign Exchange - 35,000,000.00 Ending Balance .00 Foreign Exchange Gains/Losses - 52,739.19 29,964,616.52 430,280,284.94 - 20,000,000.00 - 280,284.94 - 439,964,616.52 N Zealand Dollar Activity by Date Sord•mtm DMA n't* Quantity CMSAMMOn RNNZIO Gainloss USO Jul 14 Fwd FX Ctrct 12,550,000 SETTLE FORWARD CURRENCY CONTRACT - 115,276.42 BUY USD SELL NZD CONTRACT RATE : 0.627500000 TRADE 6/10/04 VALUE 7/14/04 Jul 14 Spot FX - 13,200,000 SPOT CURRENCY TRANSACTION - BUY BUY NW SELL USD SPOT RATE : 0.660000000 TRADE 7/12/04 VALUE 7/14/04 N ZEALAND DOLLAR U S DOLLAR Amount Amount USD - 20,000,000.00 - 13,084,723.58 20,000,000.00 13,200,000.00 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00032386 SDNY_GM_00301584 EFTA01507353