FINANCIAL TRUST COMPANY INC ACCT. 24200686 For the Period I Mil I to I WWI I Equity Summary Asset Categories Beginning Ending Change Current Market Value Market Value In Value Allocation Non-US Equity (32,055.00) (28.125.00) 3.930.00 Market Value/Cost Current Penod Value Market Value (28,125.00) Tax Cost (30,079.63) Unrealized Gain/Loss 1,954.63 Estimated Annual Income (2,568.00) Equity Detail Quantity Adjusted Tax Cost Unrealized Est Annual Inc Price Account Value Original Cost Gainless Accrued Div. Yield Non-US Equity TELEFONICA S A SPONS ADR 879382.208 TEF JP Morgan 18 75 (1.500 000) (28.125.00) (30.079.63) 1.954.63 (2,568 00) 9.13% Short Account 24200686 Page 4 of 8 Consolidated Statement Page 31 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00015309 SDNY_GM_00284507 EFTA01492510