EFTA01507385

07 12004 Account Number- FINANCIAL TRUST COMPANY INC Portfolio Summary Except ke the Deposit Account (/,acted). end the corn r yow Asset Account when ere "lured decors weir JAWS non* dere "sewn relent! 10 in OW statifetwol of sour Asset Account incluAno newt tunes. en FDIC nand or tone deposits obibodons of of gueenteed OMAGH arroyo( As Oink or fittlf OWN* Omens otnenose inhostern. Such secunbes MW omit imesIrnenit so Nitwit InlOtnient noes inclucles MASAO Mn of Me 'Mot* amount needed See 7rnixeleint Informston about yon AU& tholowege Accassr el Moon/ of Its Asset Account Penrose JPMorgan Chase Bank 345 Park Avenue. New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 JPMorgan Private Bank Page 4 of 65 Overview Cash & Short Term Equities Other Options Total Foreign Exchange Accrued Income Total Portfolio Value Cunene Market Yana USD Jul of Prior Prinon Market Vela USD Jun 30 Tax Cost USD Enemata I Annual Income USD Yleld % 68,151,001.78 71,198,158.97 68,151,001.78 822,582.58 1.2 11,469,856.44 12,786,822.60 0.0 4,716,104.60 7,358,553.39 8,003,201.28 0.0 - 2,548,415.32 - 2,621,321.71 - 592,759.31 N/A N/A 81,788,547.50 88,722,213.25 75,561,443.75 822,582.58 1.0 1,646,571.77 - 89.821.95 67,138.83 61,065.98 83,502,258.10 88,693,457.28 Asset Allocation 80% Cash and Short Term 14% Equities 0 6% Other Market value of Options is not included in pie chart. Income Summary Dividends Total This Period USD 61,065.98 61,065.98 Year to Date USD• 243,798.98 243,798.98 Net Gain/Loss Summary Realized This Penal USD Realized Year to Date USD• Unrealized USD Net Short Term Gain/Loss - 611,458.58 6,853,270.77 - 1,848,626.42 Net Long Term Gain/Loss - 311,634.56 Total - 611,458.58 6,853,270.77 - 2,160,260.98 'Year to date information is calculated on a calendar year basis. Exchange Rates Spot Rates as of July 31.2004 CUITOnCy AUD CHF Exchange Rate 0.7003 1.2794 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00032420 SDNY_GM_00301618 EFTA01507385