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EFTA01506424

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12 Account Number: FINANCIAL TRUST COMPANY INC December 01, 2003 - December 31, 2003 JPMorgan Chase Bank 2003 345 Park Avenue, New York, NY 10154-1002 II3JPMorgan Private Bank Asset Account Portfolio Page 11 of 44 Description Cuero Foreign Exchange continued EUR CALL USD PUT FX EUROPEAN STYLE OPTION NOV 01, 2004 @ 1.25 KNOCK OUT @ 1.1375 KNOCK OUT C 1.21 BARRIER EXP 12/1/03 XEURCA-TP-Z EUR CALL USD PUT FX EUROPEAN STYLE OPTION NOV 01, 2C•34 C 1.3 KNOCK OUT @ 1.1375 KNOCK OUT Q 1.21 BARRIER EXP 12/1/03 XEURCA-TO-Z Total Foreign Exchange Amount Counter Currency Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Saint ass LSD EUR 20,000,000 USD 25,000,000.00 USD 196,744.80 196,744.80 946,309.40 749,564.60 EUR 50,000,000 USD 65,000,000.00 USD 282,235.00 282,235.00 1,471,730.00 1,189,495.00 1,951,307.80 4,382,195.11 2,430,887.25 &flange-Wed options we reared wing market pnCeS el be close lysine's kr statement date Over. .TheCOunter (0 TC)OpliOnS are valued et WO Markel ones, otherwise agreed Set: Important In:emotion about Pricing and ValuellOnd Important MfomsatIon abet, Pricing and %Wootton. R1003 seine 01 *Nth are ;wended by (reef!) Semen a Other sources *NO] we deem reAaNe are not guaranteed to, Scanty Cr as resalable values WituatiOnS Of Orentne-COunter denvatNe PansteCtons including Certain denveteres.reldled depose products. have bean pepped p, a mermerkel Oasis These valualsOns are indoCafree rates as Of the Case d bosons Of the dale 01 rho statement and *Atop( as otherwee agreed a n wuMg these ratuahons do not represent the actual terms at which transectons ce secunnes could be bought a sod ce new transecbcns could be entered no. a the actual teems on alien ousting tranSeChOnS secuntas could be Iquelated es &the dated Nis statement We do not newel Nei completeness ce ecwacy These vebatrans we dowel from proprietary models based upon wee I reco;need teta

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