EFTA01506702

02 JPMorgan Chase Bank 2004 345 Park Avenue. New York, NY 10154-1002 Account Number: FINANCIAL TRUST COMPANY INC Asset Account Portfolio February 01, 2004 - February 29, 2004 Account Transactions by Currency Pound Sterling Activity Summary Amount this P— JPMorgan Private Bank Page 38 of 58 Amin to On Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Foreign Exchange Ending Balance .00 13,000,000.00 13,000,000.00 15,000,000.00 20,000,000.00 - 28,000,000 00 - 33,000,000 00 .00 Pound Sterling Activity by Date Seriletnemt Oats TYR. Quantity Dn<nptnn Realized Gainless (ASO Feb 3 Redemption - 10,000,000 3 MONTH GBP BULLISH FX DEPOSIT •GBP 831,764.69 100% PRINCIPAL PROTECTED IN GBP JPMORGAN CHASE LONDON 1/30/2004 TO REDEMPTION Feb 3 Spot FX 17,811,764.71 SPOT CURRENCY TRANSACTION -SALE BUY USD SELL GBP SPOT RATE : 1.781176400 TRADE 1/30104 VALUE 2/03/04 REP: FX TO COVER MATURITY OF STRUCTURED DEPOSIT U S DOLLAR POUND STERLING Amount Amount USD 10,000,000.00 - 10,000,000.00 17,811,764 71 - 17,811,764.71 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00031691 SDNY_GM_00300889 EFTA01506702