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EFTA01507338

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O JPMorgan Chase Bank I2004 345 Park Avenue. New York, NY 10154-1002 Account Number: CI FINANCIAL TRUST COMPANY INC July 01, 2004 - July 31, 2004 JPMorgan Private Bank Asset Account Portfolio Page 15 of 65 Outstanding Foreign Exchange Contracts Net Currency Exposure Summary Value In Currency Gain/Loss Summary Value In U.So Australia Dollar - 10,000,000.00 Total Unrealized Closed - 87,246.50 Hungarian Forint 1,694,220,000.00 Total Unrealized Open 1,733,818.27 N Zealand Dollar - 20,000,000.00 Total Unrealized Gain/Loss 1,646,571.77 U S Dollar 13,502,155.82 Foreign Exchange Contracts Trade Oat. SCITICYna Owe cw" vxy Amount Counter Currency Counter Amount Contract Rate Curtin Market Forward Pale Market Value ROCOIVibie, USD Market Value PITONS (SO Urn:Glazed Gaintoss USD SPECULATIVE DOLLAR AUSTRALIA DOLLAR - U S Feb. 20 04 Aug. 24 04 AUD 7,500,000.00 USD - 5,676,750.00 0.7569 0.698264 5,236,980.06 5,676,750.00 - 439,769.94 Feb. 20 04 Aug. 24 04 AUD 7,500,000.00 USD - 5,639,250.00 0.7519 0.698264 5,236,980.06 5,639,250.00 - 402,269.94 Mar. 1 04 Aug. 24 04 AUD - 15,000,000.00 USD 11,347,500.00 0.7565 0.698264 11,347,500.00 10,473,960.12 873,539.88 Jul. 704 Sep. 904 AUD - 10,000,000.00 USD 7,166,000.00 0.7166 0.697088 7,166,000.00 6,970,883.15 195,116.85 Jul. 804 Sep. 904 AUD 10,000,000.00 USD - 7,180,000.00 0.718 0.697088 6,970,883.15 7,180,000.00 - 209,116.85 Total Closed 0.00 17,500.00 35,958,343.27 35,940,843.27 17,500.00 Jul. 9 04 Aug. 13 04 AUD - 10,000,000.00 USD 7,197,000.00 0.7197 0.699188 7,197,000.00 6,991,880.55 205,119.45 Jul. 12 04 Sep. 14 04 AUD - 13,000,000.00 USD 9,361,300.00 0.7201 0.696752 9,361,300.00 9,057,782.26 303,517.74 Apr 16 04 Oct 20 04 AUD 10,000,000 00 USD - 7.289.000 00 0.7289 0.694292 6,942,924 82 7,289,000.00 - 346.075 18 Apr 23 04 Oct 20 04 AUD 3000000.00 USD -2,148,600.00 0.7162 0.694292 2,082.877 44

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