EFTA01507359

07 12004 Account Number:0 30171.00.5 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 41 of 65 Account Transactions by Currency Swiss Franc Activity Summary Amount this Amour Deno° to Date Beginning Balance Credits Foreign Exchange Debits Purchases of Securities Foreign Exchange Ending Balance .00 38,039,000.00 50,534,000.00 - 10,000,000.00 - 38,039,000.00 - 40,534,000.00 .00 Foreign Exchange Gains/Losses - .02 Swiss Franc Activity by Date Settlement Date TYPe Realize° OuenMy oincrorton Gaintores US0 Amount Amount USD Jul 2 Expired Opt Jul 8 Fwd FX Ctrct 19,050,000 CHF PUT USD CALL FX EUROPEAN STYLE OPTION SEP 30, 2004 a 1.27 KNOCK IN a 1.29 KNOCK OUT flp 1.2360 EXPIRATION OF WRITTEN FX OPTION OPTION KNOCKED OUT - 15,000,000 SETTLE FORWARD CURRENCY CONTRACT 22,839,000.00 18,660,075.98 BUY CHF SELL EUR CONTRACT RATE : 1.522600003 TRADE 6/04104 VALUE 7/08/04 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00032392 SDNY_GM_00301590 EFTA01507359