05 I2003 Account Number- FINANCIAL TRUST COMPANY INC Portfolio Summary fated Ice the Depose Account (.1 ceded). end the cash in your Asset Aro-vnt. &von Me frnscsed deposnS vothJPMCB none 01~ invesenents relayed to rn (nu stsfernen1 of our Asset ACCCont .nd‘dtng mutual funds We FDIC emitted a beak depOStls Obt9•24ns Of a Quataneed by ~CB Or any Of et tens a yea affasies (unless Offlerm,90 sedclefed) Suet seou robes end «new ~Woven, we su05«, » reestment risks. rnctudng posse» lass 01 die pooped am0uht owned See 'ImeCitent Inkernaton about )ow JPMS9 &darn. Account" el !he end of Me Asset Accounl Pcvtic4o JPMorgan Chase Bank 345 Park Avenue. New York. NY 10154-1002 Asset Account Portfolio May 01, 2003 - May 31, 2003 JPMorgan Private Bank Page 4 of 41 Overview Cash & Short Term Equities Options Total Foreign Exchange Accrued Income Total Portfolio Value Market Value USO May', Market Ware US& Or» Tax cote 030 Estimated *newer income USD View 94,586,661.21 99,016,969.27 94,586,661 21 1,044,236.74 1.1 13,945,359.54 14,849,447.68 0.0 - 4,217.396 71 - 2.668.620 01 - 2,742,199.21 N/A N/A 104,314,624.04 111,197,796.94 91,844,462.00 1,044,236.74 1.0 10,705,399.60 4,913,456.98 90,551.53 90,795.14 115,110,575.17 116,202,049.06 Asset Allocation 87% Cash and Short Term 13% Equities Market value of Options is not included in pie chart. Income Summary Taxable Interest Dividends Total This Pedal USO 90,795.14 90,795.14 Year »Date MY 258,350.00 466,686.11 725,036.11 Net Gain/Loss Summary Net Short Term Gain/Loss Total Reallzed This Penod (130 Realized Year to Dale US& - 1,056,105.13 1,323,707.59 - 1,056,105.13 1,323,707.59 'Year to date information is calculated on a calendar year basis. UnreallZed USD - 1.475.197.55 - 1,475,197.55 Exchange Rates Spot Rates as of May 31. 2003 Curiency AUD Ci-IF EUR Exchange Rate 0.6517 1.3025 1.1762 Confidential Treatment Requested by JPMorgan Chase CO