07 12003 Account Number: FINANCIAL TRUST COMPANY INC July 01, 2003 - July 31, 2003 JPMorgan Chase Bank 345 Park Avenue, New York, NY 10154-1002 JPMorgan Private Bank Asset Account Portfolio Page 41 of 65 Norwegian Krone Activity by Date continued Settlement Date type Quantity Description Realized amount Gaintoss USD amount USD Jul 14 Fwd FX Ctrct - 4,544,630.16 SETTLE FORWARD CURRENCY CONTRACT 31,948,750.00 4,329,392.23 BUY NOK SELL USD CONTRACT RATE : 7.030000000 TRADE 6/10103 VALUE 7/14/03 Jul 14 Fwd FX Ctrct 7,732,195.56 SETTLE FORWARD CURRENCY CONTRACT - 55,273,600.00 - 7,490,155.15 BUY USD SELL NOK CONTRACT RATE : 7.148500003 TRADE 7/01/03 VALUE 7114/03 Jul 14 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT 36,448,000.00 4,939,088.01 BUY NOK SELL USD CONTRACT RATE : 7.289600000 TRADE 7108/03 VALUE 7/14/03 Jul 14 Spot FX 1,786,191.64 SPOT CURRENCY TRANSACTION - SALE - 13,123,150.00 - 1,786,191.64 BUY USD SELL NOK SPOT RATE : 7.347000000 TRADE 7/11/03 VALUE 7/14/03 U S DOLLAR NORWEGIAN KRONE Jul 23 Fwd FX Ctrct - 1,785,219.70 SETTLE FORWARD CURRENCY CONTRACT 13,123,150.00 1,810,526.67 BUY NOK SELL USD CONTRACT RATE : 7.351000000 TRADE 7/11103 VALUE 7O3/03 Jul 23 Spot FX 1,798,923.92 SPOT CURRENCY TRANSACTION - SALE - 13,123,150.00 - 1,798,923.92 BUY USD SELL NOK SPOT RATE : 7.295000000 TRADE 7/23/03 VALUE 7123/03 U S DOLLAR NORWEGIAN KRONE Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00030929 SDNY_GM_00300127 EFTA01505944