0 1 INN Account Number: FINANCIAL TRUST COMPANY INC JPMorgan Chase Bank 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio January 01, 2004 - January 31, 2004 JPMorgan Private Bank Page 16 of 53 Foreign Exchange Contracts continued Settlement Tree* Dam On. CUITORCy Amount Counter Cuntaty Counter Arnow)! Conrad Rate Cwrwu MN»; Forward Rem Market Value Receivables USD Market Value Abet.« (ASO Unreallzed GslivLoss (ASO EURO CURRENCY - U S DOLLAR Dec. 11 03 Mar. 15 04 EUR 10,000,000.00 USD -12,125,000.00 1.2125 0.805965 12,407,479.57 12,125,000.00 282,479.57 Dec. 31 03 Mar. 15 04 EUR - 10,000,000.00 USD 12,583,000 00 1.2583 0.805965 12,583,000.00 12,407,479.57 175,520.43 Jan. 504 Mar 15 04 EUR 10,000,000.00 USD - 12,561,000.00 1.2561 0.805965 12,407,479. 57 12,561,000.00 - 153,520.43 Jan. 604 Mar. 15 04 EUR - 10.000,000.00 USD 12,751.000 00 1.2751 0.805965 12,751.000 00 12,407,479.57 343,520.43 Jan. 904 Mar 15 04 EUR 5,000,000.00 USD - 6.413.500 00 1.2827 0.805965 6,203,739 78 6,413,500 00 - 209.760 22 Jan. 12 04 Mar. 15 04 EUR - 5,000.000 00 USD 6.385.000 00 1.277 0.805965 6.385.000 00 6203,739 78 181,260 22 Total Closed 0.00 619,500.00 62,737,698.92 62,118,198.92 619,500.00 Jan. 904 Feb 13 04 EUR 5,000,000.00 USD - 6,416,000.00 1.2832 0.80524 6,209,327.27 6,416,000.00 - 206,672.73 Jan. 12 04 Feb 13 04 EUR - 5,000,000.00 USD 6,390,500.00 1.2781 0.80524 6,390,500.00 6,209,327.27 181,172.73 Jan. 20 04 Feb 13 04 EUR 10,000,000.00 USD - 12,585,000.00 1.2585 0.80524 12,418,654.54 12,585,000.00 - 166,345.46 Jan. 20 04 Feb 23 04 EUR 7,000,000.00 USD - 8,758,400.00 1.2512 0.805464 8,690,647.30 8,758,400.00 - 67,752.70 Total Open 17,000,000.00 - 21,368,900.00 33,709,129.11 33,968,727.27 - 259,598.16 Total 17,000,000.00 - 20,749,400.00 96,446,828.03 96,086,926.19 359,901.84 POUND STERLING - U S DOLLAR Jan. 904 Feb. 13