07 2003 JPMorgan Chase Bank 345 Park Avenue, New York, NY 10154-1002 Account Number Asset Account Portfolio FINANCIAL TRUST COMPANY INC July 01, 2003 - July 31, 2003 Description Crab, Foreign Exchange continued EUR PUT USD CALL FX EUROPEAN STYLE OPTION OCT 02, 2003 01.11 XEURPA-KWZ EUR PUT USD CALL FX EUROPEAN STYLE OPTION OCT 02, 2003 0 1.09 XEURPA-IU-Z Total Foreign Exchange 1''JPMorgan Private Bank Page 15 of 65 Avant Counter Currency Counter Premium Amount Currency Premium LOC.)) Premium USD Current Marnet Value USD Unrealized Gam Loss USD EUR 45,000.000 USD 49,950,000.00 USD 599.400 00 599.400 00 0.00 - 599,400.00 EUR - 45.000.000 USD - 49,050,000.00 USD - 269.775 00 - 269,775 00 0.00 269,775.00 - 1,035,559.00 - 6,678,400.99 - 5,642,842.06 Exchergwasled optows we anted using maim' aces et to C1050 a! &noels la statement date OvenThe-Counlat (01t)optens we valved a Matfarket unteczetnennae *Teal See: Important Infomastion about Pricing and Valuations. Important Inform ebon about Pricing and Valuer/0ns Flown some of Wed, we paged by piano services a other sources which we deem tele* we not etetanleed la warecyce es reekmble velars. VeWebens of °menthe-counter Ostatam franseceons mckaterg brews clenvetereszeiebd deposit products. have been weaved one midantritet teas These nauseam we rape* values es of the close of baseless of the date of tha gatemen( end except es divans. agreed An; these relvetwes do not represent the acbei teems et weed) frensecions a secwees cool) be bought a sod a new trenswecne could be entered mb a the equal team on shwa nabob PensecLwua sectaties osukl be bzudeded es of Me date alba statement We do no( wren( Wee completeness a accuracy. Thew veWebons we demo? from monetary models based upon well receptor! frisencel canopies and a* have when neoessay to cetviale In. present value offense cosh (Wes wade reasonable agitates about raven! Mere menial condbons Wye:ions based on anw