EFTA01507407

07 12004 Account Number: FINANCIAL TRUST COMPANY INC JPMorgan Chase Bank 345 Park Avenue. New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 JPMorgan Private Bank Page 28 of 65 Australia Dollar Activity by Date Settlement Date type continued Quantity Jul 14 Fwd FX Ctrct Jul 14 Spot FX Jul 30 Fwd FX Ctrct Jul 30 Fwd FX Ctrct Jul 30 Fwd FX Ctrct Jul 30 Fwd FX Ctrct 0,003,800 - 9,425,000 3,556,000 7,137,000 - 7,102,000 - 3,560,500 Desenption Realized Denton USD ATOtolf Amount USD SETTLE FORWARD CURRENCY CONTRACT - 8,463.12 - 13,000,000.00 - 9,416,536 88 BUY USD SELL AUD CONTRACT RATE : 0.692600000 TRADE 6/10/04 VALUE 7(14(04 SPOT CURRENCY TRANSACTION - BUY 13,000,000 00 9,425,000.00 BUY AUD SELL USD SPOT RATE : 0.725000000 TRADE 7/12/04 VALUE 7(14/04 AUSTRALIA DOLLAR U S DOLLAR SETTLE FORWARD CURRENCY CONTRACT - 5,000,000.00 - 3,501,400.56 BUY USD SELL AUD CONTRACT RATE : 0.711200000 TRADE 7/21/04 VALUE 7/30/04 SETTLE FORWARD CURRENCY CONTRACT - 10,000,000.00 - 7,002,801.12 BUY USD SELL AUD CONTRACT RATE : 0.713700000 TRADE 7/21/04 VALUE 7(30/04 SETTLE FORWARD CURRENCY CONTRACT 10,000,000.00 7,002,801.12 BUY AUD SELL USD CONTRACT RATE : 0.710200000 TRADE 7/23/04 VALUE 7/30/04 SETTLE FORWARD CURRENCY CONTRACT 5,000,000.00 3,501,400.56 BUY AUD SELL USD CONTRACT RATE : 0.712100000 TRADE 7/23/04 VALUE 7/30/04 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00032444 SDNY_GM_00301642 EFTA01507407