EFTA01507351

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 33 of 65 Hungarian Forint Activity by Date continued Settlement Date type Quantity Desenpeon Realized Amount GatiVLoss USD Amount USD Jul 14 Spot FX - 3,327,125.30 SPOT CURRENCY TRANSACTION - BUY 677,070,000.00 3,327,125.30 BUY HUF SELL USD SPOT RATE : 203.500000000 TRADE 7/13104 VALUE 7/14/04 HUNGARIAN FORINT U S DOLLAR Jul 14 Spot FX - 5,000,000 SPOT CURRENCY TRANSACTION - BUY 1,017,150,000.00 5,000,000.00 BUY HUF SELL USD SPOT RATE : 203.430000000 TRADE 7/13104 VALUE 7/14/04 HUNGARIAN FORINT U S DOLLAR Jul 16 Spot FX - 5,051,651.35 SPOT CURRENCY TRANSACTION - BUY 1,017,150,000.00 5,051,651.35 BUY HUF SELL USD SPOT RATE : 201.350000000 TRADE 7/14/04 VALUE 7/16/04 HUNGARIAN FORINT U S DOLLAR Jul 16 Spot FX 5,041,635.68 SPOT CURRENCY TRANSACTION - SALE -1,017,150,000.00 - 5,041,635.68 BUY USD SELL HUF SPOT RATE : 201.750000000 TRADE 7/14/04 VALUE 7/16/04 U S DOLLAR HUNGARIAN FORINT Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00032384 SDNY_GM_00301582 EFTA01507351