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 26 of 53 Australia Dollar Activity by Date continued Settlement Realized Amount Amount USD Dare Type Quantity DeStriptial GainlLosa USD Jan 22 Expired Opt Jan 27 Fwd FX Ctrct Jan 27 Fwd FX Ctrct Jan 27 Fwd FX Ctrct Jan 27 Fwd FX Ctrct Jan 30 Redemption 6,750,000 AUD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 19, 2004 12 .73 KNOCK IN C .7200 KNOCK OUT C .7775 EXPIRATION OF WRITTEN FX OPTION OPTION KNOCKED OUT - 6,936,000 SETTLE FORWARD CURRENCY CONTRACT 10,000,000.00 7,775,142.86 BUY AUD SELL USD CONTRACT RATE : 0.693600000 TRADE 10/23/03 VALUE 1/27/04 7,139,000 SETTLE FORWARD CURRENCY CONTRACT - 10,000,000.00 - 7,775,142.86 BUY USD SELL AUD CONTRACT RATE : 0.713900000 TRADE 11/24/03 VALUE 1/27/04 7,624,000 SETTLE FORWARD CURRENCY CONTRACT 10,000,000.00 7,775,142.86 - 7,688,000 - 10,000,000 - - BUY USD SELL AUD CONTRACT RATE : 0.762400000 TRADE 1/16104 VALUE 1/27/04 SETTLE FORWARD CURRENCY CONTRACT 10,000,000.00 7,775,142.86 BUY AUD SELL USD CONTRACT RATE : 0.768800000 TRADE 1/20/04 VALUE 1/27/04 3 MONTH AUD BULLISH FX DEPOSIT -AUD 466,148.95 10,000,000.00 7,519,148.95 100% PRINCIPAL PROTECTED IN AUD JP MORGAN CHASE LONDON 1/28/2004 TO REDEMPTION Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00031515 SDNY_GM_00300713 EFTA01506527