0 1 12004 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 31 of 53 N Zealand Dollar Activity by Date continued Settlement Date type Quantity Jan 20 Fwd FX Ctrct Jan 20 Fwd FX Ctrct Jan 20 Fwd FX Ctrct Jan 20 Fwd FX Ctrct Jan 20 Fwd FX Ctrct Jan 20 Fwd FX Ctrct Jan 20 Fwd FX Ctrct - 6,336,000 - 9,460,500 6,336,000 6,460,000 3,242,000 3242,000 - 3,261,500 Deseaption Realized CleftVLoss USD Amount Amount USD SETTLE FORWARD CURRENCY CONTRACT 10,000,000.00 6,662,447.11 BUY NZD SELL USD CONTRACT RATE : 0.633600000 TRADE 11/18/03 VALUE 1/20/04 SETTLE FORWARD CURRENCY CONTRACT 15,000,000.00 9,993,670.67 BUY NW SELL USD CONTRACT RATE : 0.630700000 TRADE 11/19/03 VALUE 1/20/04 SETTLE FORWARD CURRENCY CONTRACT - 10,000,000.00 - 6,662,447.11 BUY USD SELL NZD CONTRACT RATE : 0.633600000 TRADE 11/24/03 VALUE 1/20/04 SETTLE FORWARD CURRENCY CONTRACT - 10,000,000.00 - 6,662,447.11 BUY USD SELL NZD CONTRACT RATE : 0.646000000 TRADE 12/26/03 VALUE 1/20/04 SETTLE FORWARD CURRENCY CONTRACT - 0.01 - 5,000,000.00 - 3,331,223.55 BUY USD SELL NZD CONTRACT RATE : 0.648400000 TRADE 12/29/03 VALUE 1/20/04 SETTLE FORWARD CURRENCY CONTRACT - 5,000,000.00 - 3,331,223.55 BUY USD SELL NZD CONTRACT RATE : 0.648400000 TRADE 12/29/03 VALUE 1/20/04 SETTLE FORWARD CURRENCY CONTRACT 5,000,000.00 3,331,223.55 BUY NW SELL USD CONTRACT RATE : 0.652300000 TRADE 12/30/03 VALUE 1/20/04 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00031573 SDNY_GM_00300771 EFTA01506585