12 JPMorgan Chase Bank 2002 345 Park Avenue, New York, NY 10154-1002 Account Number FINANCIAL TRUST COMPANY INC Portfolio Summary Eacept fa the Depose Account (I ceded). end the cash in your Asset Aro-vnt which see neared depowts wan .IPMCB none or the inves&nenes relayed ton das sterernent of our Asset Acceora .nduitng mutual/Lad, we FDIC inbred a beak eerarts db41»aans Ora Ouwergeed by "Ca Or any Of as bans a tnn effnains (unless ~wow. snicered) Suet secuntes and ~or ~Wow*, we sues«, » ~semen( risks. rnetudng posse» bis 01 die pooped amOura earned See 'ImaCitent inkernaton about toer aeMS9 Brokerage Account" el th end of Ina Asset Account Pew ?Se Asset Account Portfolio December 01, 2002 - December 31, 2002 JPMorgan Private Bank Page 4 of 40 Overview Cash & Short Term Equities Options Total Foreign Exchange Accrued Income Total Portfolio Value Nance Value USE Dec 91 Nance Value USE Nov90 Tax Cost 050 Estimated Anne: income USE nero 96 112,460,425.15 61,062,620.78 111,706,281 48 1,198,019.87 1.1 18,817,834.56 23,482,289.30 0.0 - 285.773.10 - 1.260.922.44 - 1,937.638 00 N/A N/A 130,992,486.61 83,283,987.64 109,768,643.48 1,198,019.87 0.9 3,225,464.74 160,709.39 84,018.31 46,895.01 134,301,969.66 83,491,592.04 Asset Allocation 86% Cash and Short Term Income Summary This Period USE Year what* USO Taxable Interest 103,600.65 103,600.65 14% Equities Dividends 46,895.01 414,720.69 Total 150,495.66 518,321.34 Market value of Options is not included in pie chart. Net Gain/Loss Summary Net Short Term Gain/Loss Total Realized This Penal U50 Realized Year Morale US& 2,541,756.36 14,119.835.78 2,541,756.36 14,119,835.78 'Year to date information is calculated on a calendar year basis. Unrealized uso 2,406.008.55 2,406,008.55 Exchange Rates Spot Rates as or December 31. 2002 Currency BRL CI-IF EUR Exchange Rate 3.0400 1.3027 1.0494 Confidential Treatment Requested by JPMorgan Ch