12 JPMorgan Chase Bank, N.A. 2004 345 Park Avenue, New York, NY 10154-1002 Account Number- FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2004 - December 31, 2004 Outstanding Foreign Exchange Contracts Net Currency Exposure Summary Value in Currency Van* In USD Pound Sterling 2,500,000.00 Total Unrealized Closed 1,089,539.95 U S Dollar - 3,706,045.05 Total Unrealized Open • 16,577.56 Total Unrealized Gain/Loss 1,072,962.39 JPMorgan Private Bank Page 13 of 43 Gain/Loss Summary Foreign Exchange Contracts Sentiment Troia Oat* Oat. tummy Amount County Cumtncy CounaW Amount Contract Ran Currant Want Pomona Ran Market Value Rocarvablas USD Manor Value Payables (SD Unnelatte Gain/Loss USO SPECULATIVE USD USD - 7,214,000.00 7,580,000.00 0.7214 0.758 0.777877 0.777877 7,778,766.04 7,580,000.00 7,214,000.00 7,778,766.04 564,766.04 - 198,766.04 AUSTRALIA DOLLAR - U S DOLLAR Oct 8 04 Apr. 12 05 AUD 10,000,000.00 Dec. 22 04 Apr. 12 05 AUD - 10,000,000.00 Total Closed 0.00 366,000.00 15,358,766.04 14,992,786.04 368,000.00 POUND STERLING - JAPANESE YEN Dec. 6 04 Jan. 11 05 GBP 10,000,000.00 JPY - 1,995,900,000.00 199.59 196.418586 19,183,690.61 19,493,434.37 - 309,743.76 Dec. 9 04 Jan. 11 05 GBP - 10,000,000.00 JPY 2,002,800,000.00 200.28 196.418586 19,560,824.86 19,183,690.61 377,134.25 Total Closed 0.00 6,900,000.00 38,744,515.47 38,677,124.98 67,390.49 POUND STERLING - U S DOLLAR Dec. 804 Mar. 10 05 GBP 15,000,000.00 USD - 28,690,500.00 1.9127 1.911603 28,674.044 58 28,690,500 00 - 16,455.42 Dec. 9 04 Mar. 10 05 GBP - 12.500,000.00 USD 23.896.250 00 1.9117 1.911603 23.896, 250.00 23.895.037 15 1,212 85 Total Open 2,500,000.00 - 4,794,250.00 52,570,294.58 52,585,537.15 - 15,242.57 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00033072 SDNY_GM_00302270 EFTA01507961