12 2004 Account Number FINANCIAL TRUST COMPANY INC December 01. 2004 - December 31, 2004 JPMorgan Chase Bank, N.A. 345 Park As enue, New York, NY 10154-1002 ''JPMorgan Private Bank Asset Account Portfolio Page c 13 riclurngcAsied opecin3 ate vetoed using market pnces at Se cb.se d business la statement date Over. .The-Counky (OTC)optons are vslaoci e: And Markel organ cthervnse agreed See: Important Information about Pricing and Valuations. important OlOnnanOn abosa PnCing and ValuattOn$ Rtes seen* of canon are provided by ort,ng streaks 0' other soma *arch M.deem/oakbb we rot gcalvarteed Ice scanty a as redgiable valise 1:akyabOnS Over-the<Ounler Oanvarnie Vernet:0ns inefud.rng Ceram denvatNeo.raWed deeps.: preduds. have been prepared on a fn.:I-market tan Masa waiuelOns indialttee vat...3 as a :to, Nese of bUSineSS a the date a the statement and incept as cthornoo avoid WI rorlvq. these raft/atoms do cot represent the actual forms at *Poch trensactrons a socurrnoS COutl N bough: Ce sod a new fransactons could be enteral ifilo a the act al terms On ravel 0 wiStrn; bonier:bonsa scourges could be Aqucheed as of the dale of IThs statement tony do not narrant thee completeness a accuracy These vMmtons are dewed from prop/misty modes based upon wan rccognood bnanoal p000pOs and no have. ethen necessary to cakulatette patent value of future cash thas nude reasonable *Smite, about mannt future market condshcos Vakm.bons based on *the ModthS a deferent asstd., may paid dile/ Int IOWA'S Aragon ern press, &scrams any toopoOSth,WY la (1) the accuracy of the imago a *Amen used n dinewp the vairmons Many wets a OTISVOOtt corrpohng a clissminieing The vatiaton1 and (3) My uses to wanner the valnatons ate pat vatiotions we provided for informatron purposes only and On intended solely (a you own use Ansa rater to the bona confornaten for o'etsis of each transaction Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00033028 SD