EFTA01507203

06 12004 Account Number: FINANCIAL TRUST COMPANY INC Portfolio Summary Except kr Sot Depoot Account I elected). sad the cosh r yow Asset Account when .onnaced deems sort) JAWS non* dins insosSnonts colon"! ton rho ststsetont of yout Asset Account incluobso °stoat funds. on FDIC 'nand of Awn deposits. obibydons of of gueenteed by JPOACH science As Oink Or VW'S% (unless ollotnosto mticatoct). Such secunies *Mote tmoslenontt w sutosato invostmoni mks inclucing possoblo loss Of Me 'MOD& amount Invests! See Wrsxolont Informston about )OW .0419 libronstsgo Acccusrot tho end of Ma Asset Account Pontos° JPMorgan Chase Bank 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 JPMorgan Private Bank Page 4 of 72 Overview Cash & Short Term Equities Other Options Total Foreign Exchange Accrued Income Total Portfolio Value Cumwrt Market Vona USD Jun30 Prior P.100 Mance( Vona USD May 3I Tax Cost USD Esternstoci Annual Income USD SUSI % 71,198,158.97 87,138,872.82 71,198,158.98 776,771.91 1.1 12,786,822.60 13,465,312.74 0.0 7,358,553.39 - 3,757,741.98 8,003,201.28 0.0 - 2,621,321.71 - 5,467,207.26 - 2,352,745.65 N/A N/A 88,722,213.25 91,379,236.32 76,848,614.61 776,771.91 0.9 - 114,708.12 - 2,639,866.08 61,065.98 42,497.15 88,668,571.11 88,781,867.39 Asset Allocation I 78% Cash and Short Term 14% Equities 0 8% Other Market value of Options is not included in pie chart. Income Summary Dividends Total This Period USD 42,497.15 42,497.15 Yes lobate USD• 182,733.00 182,733.00 Net Gain/Loss Summary Ratan' This Period USD Realized Year to One USD• Unrealized USD Net Short Term Gain/Loss - 2,371,188.83 7,464,729.35 - 40,873.39 Net Long Term Gain/Loss - 310,879.62 Total - 2,371,188.83 7,464,729.35 - 351,753.01 'Year to date information is calculated on a calendar year basis. Exchange Rates Spot Rates as of June 30, 2004 Canonry AUD CHF Exchange Rate 0.6966 1.2524 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00032211 SDNY_GM_00301409 EFTA01507203