12 JPMorgan Chase Bank 2002 345 Park Avenue, New York, NY 10154-1002 Account Number- FINANCIAL TRUST COMPANY INC Portfolio Summary Eacept Ice the Crepos4 Account (el ceded). end the cosh in your Asset Aro-veit which ~insured deports with .IPMCB none 01 the inveseneeifs relayed ton this statement or our Asset Attain! .riduitno mutual/Lad, We FEIL emitted a beak depOdtts obtObAls or c• Ouwwgeed by el3MCS0r any Oe Os bans a inn effnaies (unless ~wow. sedcaled) Suet securities and other ofeNtrn9O1.3 we sue«, » investment risks. ndud✓g posse» Ian or die pooped 11~01 owned See 'Imerefent drikerreation about >our JPMS1 Bedew. ~pure e the owl or £Me Asset Account Pestlab Asset Account Portfolio December 01, 2002 - December 31, 2002 JPMorgan Private Bank Page 4 of 40 Overview Cash & Short Tern, Equities Options Total Foreign Exchange Accrued Income Total Portfolio Value Nance Value USE Dec 91 Nance Value USE Nov90 Tax Cost 030 Estimated Annul 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 3,489,524.25 160,709.39 84,018.31 46,895.01 134,566,029.17 83,491,592.04 Asset Allocation 86% Cash and Short Term 14% Equities Market value of Options is not included in pie chart. Income Summary This Period USE Year to are USO Taxable Interest 103,600.65 103,600.65 Dividends 46,895.01 414,720.69 Total 150,495.66 518,321.34 Net Gain/Loss Summary Net Short Term Gain/Loss Total Realized This Pined USE Reined Year to Dale 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 USC1 2,406,008.55 2,406,008.55 Exchange Rates Spot Rates as of December 31. 2002 Conway BRL CI-IF EUR Exchange Rate 3.5400 1.3827 1.0494 Confidential Treatment Requested