07 2003 Account Number FINANCIAL TRUST COMPANY INC JPMorgan Chase Bank 345 Park Avenue. New York. NY 10154-1002 Asset Account Portfolio July 01, 2003 - July 31, 2003 JPMorgan Private Bank Page 18 of 65 Foreign Exchange Contracts Settlement Tim» an One Curreney continued Amount Counter Cumeney Counter Amount Contract Rem Current Marne, Forward Rate Market Velde Reeenebtol USE; Marker Value Payable* (ASO Unreel/zed CreinlL005 USO Apr. 24 03 Dec. 15 03 NOK • 72,625,000.00 USD 10,000,000 .00 7.2625 7.303094 10,000,000.00 9,944,415.53 55,584.47 May. 21 03 Dec. 15 03 NOK - 68,490.000.00 USD 10,000,000.00 6.849 7.303094 10,000.000.00 9.378,217.14 621.782.86 Total Open 121,265,000.00 - 14,464,615.53 75,758,688.89 73,618,697.91 2,139,990.98 N ZEALAND DOLLAR - U S DOLLAR Apr. 16 03 Oct. 22 03 NZD 20,000,000.00 USD - 10,936,000.00 0.5468 0.574414 11,488.288 28 10,936,000.00 552,288.28 May. 8 03 Oct 22 03 NZD 20,000,000.00 USD - 11,320,000.00 0.566 0.574414 11,488.288 28 11,320,000.00 168,288.28 Jun. 11 03 Oct 22 03 NZD - 15,000,000.00 USD 8,535,000.00 0.569 0.574414 8,535,000 00 8,616,216.21 - 81,216.21 Jun. 12 03 Oct. 22 03 NZD - 25,000,000.00 USD 14,225,000.00 0.569 0.574414 14,225,000.00 14,360,360.35 - 135,360.35 Total Closed 0.00 504,000.00 45,736,576.56 45,232,576.56 504,000.00 Jul. 31 03 Aug. 4 03 NZD 20,000,000.00 USD - 11,624,000.00 0.5812 1.720578 11,624,000.00 11,624,000.00 0.00 Jul. 15 03 Aug. 7 03 NZD - 25,000,000.00 USD 14,450,000.00 0.578 0.579249 14,450,000.00 14,481,231.50 - 31,231.50 Jul. 24 03 Aug. 7 03 NZD 15,000,000.00 USD - 8,736,000.00 0.5824 0.579249 8,688,738.90 8,736,000.00 - 47,261.10 Jul. 1 03 Dec. 15 03 NZD 30,000,000.00 USD - 17,550,000.00 0.585 0.571156 17,134,685. 31 17,550,000.00 • 415,314.69 Total Open 40,000,000.00 - 23,460,000.00 51,897,424.21 52,391,231.50 - 493,807.29 Total 40,000,000.00 - 22,956,000