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EFTA01506515

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0 1 INN Account Number: FINANCIAL TRUST COMPANY INC January 01, 2004 - January 31, 2004 JPMorgan Chase Bank 345 Park Avenue, New York, NY 10154-1002 JPMorgan Private Bank Asset Account Portfolio Page 14 of 53 Description Cusrp Foreign Exchange continued P EUR PUT USD CALL FX EUROPEAN STYLE OPTION OCT 29. 2004 0 1.21 KNOCK IN @ 1.1995 KNOCK OUT @ 1.2875 XEURPA-MI-Z P AUD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 01, 2004 .755 KNOCK IN .740 KNOCK OUT Q .783 XAUDPA-D8-2 Total Foreign Exchange Amount Counter Currency Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gwn Loss USD EUR - 10,000,000 USD - 12,100,000.00 USD - 248,655.00 - 248,655.00 0.00 248.655.00 AUD - 10,000,000 USD - 7,550,000.00 USD - 226,500.00 - 226,500.00 0.00 226,500.00 - 5,925,087.60 - 9,263,709.41 - 3,338,621.98 Exchange-Ws options are mated using melte prices al be awe a 0vules* to statement date Over. Teo -Counter (0 YC) options we valued el Mid Market unless otherwise agreed Set Imparent InlemattOrt about PrICIng and ValuellOnt Important tnIonnetlon about Pricing and Valuations Aloes sane or *Nth we provided by pricing Demon a Ober Spaces *NO] we deem reAable are not guaranteed tr accuracy a as resalable nalues Valuations of oientnecounte denvatee Panaoctons mcludeng certain denvelfves.relalel depose products have been amend on a mdrnekel NU, These vsluilsOni we inclocatree vaties as of the teas ci business or the dale Of the statement and emcee as otherwee agreed N anMg these reuahons do not represent the actual terms at vthich transeceons ce secumos could Co bought cc sect cr new transacbcns could be entered into ce the actual teems on inch ousting trarmachons swages could be lquclead as dem dated This statement We do not warrant Nei compbtoness a accuracy these voaratrans we Sewed from proprietary modes based upon wed rccoanced financial pnrerplos and no hate when meas. vy b catu

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