EFTA01506669

02 JPMorgan Chase Bank 2004 345 Park Avenue, New York, NY 10154-1002 Account Number- FINANCIAL TRUST COMPANY INC Portfolio Summary EaCea la the Deposl Account (I eleckNI) and the cosh in your Asset /frongnt rvhch are wiScand deposttS vorrIJP4CB none OMB inbildbnenIS relayed IO terfnu stefornen, a pa Asset Actaiat widuitng mutual fund., We FDIC mowed a ben* depOStls °MOW'S as 9thwaNeed by JPVCa a any Of 44 bane a via effeefes (unless °Minns, in:hailed) Sod) seavoLes end a ufeestmserls we sutbp<I10 rvestment risks. fractuclog pOss.41 b., a the sonneval amtwert oveaid See Impretent Intonation about )Oct JA4SI &awn* Account" N the end alba Asset Accourrl PolkAo Asset Account Portfolio February 01, 2004 - February 29, 2004 JPMorgan Private Bank Page 4 of 58 Overview Cash & Short Term Equities Other Options Total Foreign Exchange Accrued Income Total Portfolio Value Metter %%hie USD Fee 23 46,883,245.43 15,345,496.04 Market Moe USD Jan 31 52,317,701.11 12,241,193.40 Tax Cost USD 46,883,245.43 Ettimetee Annual Income USD 435,545 35 Weitz, % 0.9 0.0 48,492,597 02 32,901,094 59 45,525,000 00 0.0 - 7,756,491.30 - 9263.709 41 - 5.972,028 80 N/A N/A 102,964,847.19 88,196,279.69 86,436216.63 435,545.35 0.4 1,476,821.65 421,685.06 28,772 46 25,981.76 104,470,441.30 88,643,946.51 Asset Allocation 42% Cash and Short Term 14% Equities 0 44% Other Market value of Options is not included in pie chart. Income Summary Dividends Total This Period USD 25,981.76 25,981.76 nor lobate USD• 42,442.51 42,442.51 Net Gain/Loss Summary Net Short Term Gain/Loss Net Long Term Gain/Loss Reenact TMs Pend USD 7,835,167.32 Roared Year Mane USD• 11,515,898.25 Untestizeci USD - 1,136,974.13 - 292,318.38 Total 7,835,167.32 11,515,898.25 - 1,429,292.51 'Year to date information is calculated on a calendar year basis. Exchange Rates Spot Rates as or February 29, 2004 Cunene) AUD CI-IF EUR Exchange Rate 0.7716 1.2701 1.2425 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00031657 SDNY_GM_00300855 EFTA01506669