07 12003 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 Outstanding Foreign Exchange Contracts JPMorgan Private Bank Page 16 of 64 Net Currency Exposure Summary Value in Currency Gain/Loss Summary Value Mose Swiss Franc 25,982,500.00 Total Unrealized Closed 399,007.54 Pound Sterling 10,000,000.00 Total Unrealized Open 937,761.66 Norwegian Krone 121,265,000.00 Total Unrealized Gain/Loss 1,336,769.20 N Zealand Dollar 20,000,000.00 U S Dollar - 61,356,196.75 Foreign Exchange Contracts SoMemont Trod* Oat* Data Cunoixy Amount Counter Gummy Cantor ATOM! Contact Rat* Current Market Femora Rat* Market Value RaceraMaa USD Markel Value PayableS USD Union/nod Swaps. USD SPECULATIVE DOLLAR - 20,000,000.00 20,000,000.00 USD USD 12,940,000.00 - 13,040,000.00 0.647 0.652 0.647636 0.639880 12,940,000.00 12,797,590.64 12,952,713.40 13,040,000.00 - 12,713.40 - 242,409.36 AUSTRALIA DOLLAR - U S Jul. 15 03 Aug. 7 03 AUD Jun. 3 03 Dec. 5 03 AUD Total Open 0.00 - 100,000.00 25,737,590.64 25,992,713.40 - 255,122.76 SWISS FRANC - U S DOLLAR May. 8 03 Nov. 5 03 CHF 26,050,000.00 USD - 20,000,000.00 1.3025 1.369890 19,016,130.68 20,000,000.00 - 983,869.32 Dec. 12 02 Dec. 15 03 CHF 7,178,000.00 USD - 5,000,000.00 1.4356 1.368689 5,244,435.89 5,000,000.00 244,435.89 Dec. 13 02 Dec. 15 03 CHF 14,290,000.00 USD - 10,000,000.00 1.429 1.368689 10,440,650.45 10,000,000.00 440,650.45 Jan. 15 03 Dec. 15 03 CHF - 13,765,000.00 USD 10,000,000.00 1.3765 1.368689 10,000.000 00 10,057,071.62 - 57,071.62 Apr 24 03 Dec. 15 03 CHF - 7.770.500 00 USD 5747,411.24 1.352 1.368689 5.747.411 24 6677,332 00 70.079 24 Total Open 25,982,500.00 - 19,252,588.76 50,448,628.26 50,734,403.62 - 285,775.36 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-0