12 Account Number: FINANCIAL TRUST COMPANY INC December 01. 2003 - December 31, 2003 JPMorgan Chase Bank 2003 345 Park Avenue, Nen York, NY 10154-1002 ii3 JPMorgan Private Bank Asset Account Portfolio Page 25 of 44 Account Transactions by Currency Hungarian Forint Activity Summary Amount this Period Amount ro Oars Beginning Balance .00 Credits Foreign Exchange 2,170.000,000 00 4,555,000,000 00 Debits Purchases of Securities - 1,083.000,000 .0 Foreign Exchange - 2,170.000.000.0 - 3,472,000,000.0 Ending Balance .00 Hungarian Forint Activity by Date SW—, an rya. OultlUty Of tialpt10.1 ROMS Amount Ostritois Amount USD Dec 1 Fwd FX Ctrct - 999,079 19 SETTLE FORWARD CURRENCY CONTRACT 217,000,000.00 979,755.00 BUY HUF SELL USD CONTRACT RATE : 217.200000000 TRADE 11/20/03 VALUE 12101)03 Dec 1 Fwd FX Ctrct - 2,997,651.61 SETTLE FORWARD CURRENCY CONTRACT 651,000,000.00 2,939,265.00 BUY HUF SELL USD CONTRACT RATE : 217.170000000 TRADE 11/21/03 VALUE 12/01)03 Dec 1 Fwd FX Ctrct - 999,217.20 SETTLE FORWARD CURRENCY CONTRACT 217,000,000.00 979,755.00 BUY HUF SELL USD CONTRACT RATE : 217.170000000 TRADE 11/21/03 VALUE 12/01)03 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00031426 SDNY_GM_00300624 EFTA01506438