by date← Nov 30, 2003·Nov 30, 2003 →

EFTA01553224

Dataset 10

November 30, 200377 pages12,970 words

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01553224.pdf

Extracted Text

11 2003 Confidential FINANCIAL TRUST COMPANY INC Page 1 of 61 J.P. Morgan Portfolios November 1 - November 30, 2003 Table of Contents Page Account Summary Asset Account Portfolio Margin Account Portfolio 0 JPMCB JPMSI 161121381 2 3 59 000000.0000.00.0000.000.000000000.000000 FINANCIAL TRUST COMPANY INC ATTN: JEFFREY E EPSTEIN C/O AMERICAN YACHT HARBOR 6100 RED HOOK, QUARTERS 853 ST THOMAS 00802 US VIRGIN ISLDS EFTA01553224 11 2003 Portfolio Summary FINANCIAL TRUST COMPANY INC November 01, 2003 - November 30, 2003 Page 2 of 61 Portfolio Summary Net Worth Summary Asset Portfolio USD Assets(Long) Cash fi Short Term Equities Other Options Liabilities (Short) Total Options FX Gain/Loss Accrued Income Total Net Worth Income Summary Taxable Interest Dividends Total 88,432,478.08 13,356,137.28 14,601,423.50 57,609,760.77 2,865,156.53 - 2,157,424.34 - 2,157,424.34 86,275,053.74 3,991,083.59 17,845.69 90,283,983.02 Margin Portfolio USD 161121381 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 .00 0.00 0.00 88,432,478.08 13,356,137.28 14,601,423.50 57,609,760.77 2,865,156.53 - 2,157,424.34 - 2,157,424.34 86,275,053.74 3,991,083.59 17,845.69 90,283,983.02 This Period 47,515.29 47,515.29 Year to Date 258,350.00 705,984.06 964,334.06 JPMorgan provides this Portfolio Summary for informational purposes. This summary includes informati on about assets held at JPMCB and JPMSI in accounts listed on the front page. Securities are not bank deposits or FDIC insured, are not obligations of or guaranteed by JPMCB or a ny of its bank of thrift affiliates (unless otherwise indicated), and are subject to investment risks, including possible loss of the pr incipal amount invested. Assets held in custody by JPMCB are not protected under the Securities Investor Protection Corporati on ("SIPC") insurance. Total USD EFTA01553225 EFTA01553226 11 JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 3 of 61 Asset Account Portfolio November 1 - November 30, 2003 Table of Contents Portfolio Summary Cash and Short Term Equities Other Options Outstanding Foreign Exchange Contracts Trade Activity Account Transactions Account Officers Service Specialist: D'ORAZIO/HORNBEC Page 4 6 7 8 10 15 18 25 EFTA01553227 11 JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 4 of 61 Overview Portfolio Summary Except for the Deposit Account (if elected), and the cash in your Asset Account, which are insured deposits with JPMCB, none of the investments referred to in this statement of your Asset Account, including mutual funds, are FDIC insured or bank deposits, obligations of or guaranteed by JPMCB or any of its bank or thrift affiliates (unless otherwise indicated). Such securities and other investments are subject to investment risks, including possible loss of the principal amount invested. See "Important Information about your JPMSI Brokerage Account" at the end of this Asset Account Portfolio. Asset Allocation 16% Cash and Short Term 17% Equities 67% Other Market Value USD Nov 30 Cash S Short Term Equities Other Options Total Foreign Exchange Accrued Income Total Portfolio Value 13,356,137.28 14,601,423.50 57,609,760.77 707,732.19 86,275,053.74 3,991,083.59 17,845.69 90,283,983.02 Income Summary Taxable Interest Dividends Total Net Gain/Loss Summary Net Short Term Gain/Loss Net Long Term Gain/Loss Total Market Value USD Oct 31 27,106,611.74 13,201,287.00 41,682,800.00 - 2,949,017.60 79,041,681.14 3,491,953.54 47,515.29 82,581,149.97 Tax Cost USD 13,356,137.28 56,978,400.03 - 109,100.00 70,225,437.31 Estimated Annual Income USD 124,212.07 Yield 0.9 0.0 0.0 124,212.07 N/A N/A 0.1 This Period USD 47,515.29 47,515.29 EFTA01553228 Year to Date USD* 258,350.00 705,984.06 964,334.06 Realized This Period USD Realized Year to Date USD* 4,355,591.20 4,355,591.20 7,197,491.19 7,197,491.19 *Year to date information is calculated on a calendar year basis. Exchange Rates Spot Rates as of November 30, 2003 Market value of Options is not included in pie chart. Currency AUD CHF Exchange Rate 0.7236 1.2928 Unrealized USD 1,730,696.59 - 282,503.63 1,448,192.96 EFTA01553229 11 JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 5 of 61 Exchange Rates Spot Rates as of November 30, 2003 Currency EUR GBP HKD HUF MXN NOK NZD ZAR Exchange Rate 1.1987 1.7198 7.7663 219.3608 11.4103 6.8234 0.6390 6.3888 EFTA01553230 11 JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 6 of 61 Cash and Short Term Summary by Maturity Current Market Value USD Cash Total 13,356,137.28 13,356,137.28 Estimated Annual Income USD 124,212.07 124,212.07 Current yield is displayed for instruments with no maturity and YTM on market is displayed for instr uments that mature. Cash and Short Term by Type Description Cusip/S&P/Moody's Rating Cash JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 7-Day Annualized Yield: .93% USD 13,356,137.28 1.00 1.00 13,356,137.28 13,356,137.28 17,845.69 124,212.07 0.93 CurrenCy/ Unit Cost Adjusted Account Type Quantity Original Market Price Tax Cost Adjusted Original Market Value USD Accrued Interest USD Unrealized Gain/Loss USD Estimated Current Annual Yield/ Income USD YTM % Current EFTA01553231 11 JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 7 of 61 Equities Equity Holdings in Alphabetical Order Description Cusip/Symbol CurrenCyi Account Type Quantity unit Cost Current Market Price Tax Cost Current Market Value USD USD Accrued Dividends USD Estimated Unrealized Gain/Loss USD Annual Dividend Income USD Yield TOO INC 890333-10-7 TOO 800,078 are liened USD Total Equity 800,078 800,078 18.25 14,601,423.50 14,601,423.50 N/A 0.00 N/A 0.0 EFTA01553232 11 Other Structured Investments in Alphabetical Order Description 2 MONTH FX EUR DEPOSIT - EUR 100% PRINCIPAL PROTECTED IN EUR DOLLARS JP MORGAN CHASE LONDON 12/15/2003 619998-9P-4 Bearer 3 MONTH AUD BULLISH FX DEPOSIT -AUD 100% PRINCIPAL PROTECTED IN AUD JP MORGAN CHASE LONDON 1/28/2004 619998-9R-0 Bearer 3 MONTH NZD BULLISH FX DEPOSIT - NZD 100% PRINCIPAL PROTECTED IN NZD JP MORGAN CHASE LONDON 1/28/2004 619998-9S-8 Bearer 3 MONTH GBP BULLISH FX DEPOSIT -GBP 100% PRINCIPAL PROTECTED IN GBP JPMORGAN CHASE LONDON 1/30/2004 619998-9T-6 Bearer AUD 10,000,000 100.00 100.1977 7,053,000.00 7,250,201.00 197,201.00 N/A Market Value USD Currency EUR Quantity 10,000,000 Unit Cost 100.00 PriCe/Unit 101.0299 Tax Cost 11,710,000.01 Accrued Income USD 12,110,278.60 Unrealized Estimated Annual Gain/Loss USD 400,278.59 Income USD Yield N/A JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 8 of 61 NZD 10,000,000 100.00 99.2383 6,136,000.00 6,341,313.00 205,313.00 N/A GBP 10,000,000 100.00 99.9336 16,980,000.02 17,186,980.00 206,979.98 N/A EFTA01553233 11 JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 9 of 61 Structured Investments in Alphabetical Order Description 3 MONTH HUF BULLISH FX DEPOSIT 100% PRINCIPAL PROTECTED IN HUF JP MORGAN CHASE LONDON MATURITY 02/20/2004 630998-9A-2 Bearer 3 MONTH MXN BULLISH FX DEPOSIT 100% PRINCIPAL PROTECTED IN MXN JPMORGAN CHASE LONDON 02/20/2004 630998-9Y-0 Bearer 3 MONTH GBP BULLISH FX DEPOSIT 100% PRINCIPAL PROTECTED IN GBP JPMORGAN CHASE LONDON 02/19/2004 630998-9Z-7 Bearer Total Other continued Market Value USD Currency Quantity HUF 1,083,000,000 Unit Cost 100.00 PriCe/Unit 96.6064 Tax Cost 5,000,000.00 Accrued Income USD Unrealized Estimated Annual Gain/Loss USD 4,770,485.04 - 229,514.96 Income USD Yield % N/A MXN 56,250,000 100.00 98.2593 5,000,000.00 4,843,972.13 - 156,027.87 N/A GBP 3,000,000 100.00 98.973 5,099,400.00 5,106,531.00 7,131.00 N/A 1,182,250,000 56,978,400.03 57,609,760.77 631,360.74 EFTA01553234 11 JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 10 of 61 Options Foreign Exchange Description Cusip HKD PUT USD CALL FX EUROPEAN STYLE OPTION SEP 23, 2004 @ 7.833 XHKDPA-AH-2 CHF CALL USD PUT FX EUROPEAN STYLE OPTION DEC 11, 2003 @ 1.2 XCHFCA-CQ-2 CHF CALL USD PUT FX EUROPEAN STYLE OPTION DEC 11, 2003 @ 1.2 XCHFCA-CR-2 CHF CALL USD PUT FX EUROPEAN STYLE OPTION MAR 15, 2004 @ 1.15 XCHFCA-CX-2 CHF CALL USD PUT FX EUROPEAN STYLE OPTION MAR 16, 2004 @ 1.175 XCHFCA-DC-2 NOK PUT USD CALL FX EUROPEAN STYLE OPTION MAR 03, 2004 @ 6.85 KNOCK IN FX OPTION TRIGGERED @ 7.00 KNOCK OUT @ 6.65 XNOKPA-EE-2 NOK - 34,250,000 USD - 5,000,000.00 USD - 100,045.00 - 100,045.00 - 86,835.40 13,209.60 CHF 58,750,000 USD 50,000,000.00 USD 420,690.00 420,690.00 163,213.38 - 257,476.62 CHF 80,500,000 USD 70,000,000.00 USD 543,848.00 543,848.00 124,983.50 - 418,864.50 CHF 12,000,000 USD 10,000,000.00 USD 106,200.00 106,200.00 197.04 - 106,002.96 CHF 12,000,000 USD 10,000,000.00 USD 107,300.00 107,300.00 197.04 - 107,102.96 Counter Amount Currency Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized EFTA01553235 Gain/Loss USD HKD 156,660,000 USD 20,000,000.00 USD 312,280.00 312,280.00 29,776.37 - 282,503.63 EFTA01553236 11 Cusip JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 11 of 61 Foreign Exchange Description EUR PUT USD CALL FX EUROPEAN STYLE OPTION MAR 31, 2004 @ 1.06 XEURPA-LC-2 AUD PUT USD CALL FX EUROPEAN STYLE OPTION FEB 25, 2004 @ .6475 KNOCK IN @ .6375 XAUDPA-CE-2 EUR PUT USD CALL FX EUROPEAN STYLE OPTION APR 07, 2004 @ 1.165 KNOCK IN TRIGGERED @ 1.15 XEURPA-LL-2 EUR CALL USD PUT FX EUROPEAN STYLE OPTION JUL 22, 2004 @ 1.25 XEURCA-TJ-2 EUR PUT USD CALL FX EUROPEAN STYLE OPTION JUL 22, 2004 @ 1.165 KNOCK IN TRIGGERED @ 1.16 KNOCK OUT @ 1.2093 XEURPA-LN-2 AUD PUT USD CALL FX EUROPEAN STYLE OPTION JUL 22, 2004 @ .7 KNOCK IN @ .688 KNOCK OUT @ .7293 XAUDPA-CH-2 AUD - 20,000,000 USD - 14,000,000.00 USD - 435,400.00 - 435,400.00 - 101,510.80 333,889.20 EUR - 40,000,000 USD - 46,600,000.00 USD - 759,580.00 - 759,580.00 - 301,199.60 458,380.40 EUR 40,000,000 USD 50,000,000.00 USD 750,000.00 750,000.00 882,253.20 132,253.20 EUR - 10,000,000 USD - 11,650,000.00 USD - 302,900.00 - 302,900.00 - 183,286.30 119,613.70 AUD - 30,000,000 USD - 19,425,000.00 USD - 543,900.00 - 543,900.00 - 16,086.00 527,814.00 Counter Amount Currency continued EUR - 10,000,000 USD - 10,600,000.00 USD - 222,600.00 - 222,600.00 - 9,624.40 212,975.60 Counter Premium Amount Currency Premium EFTA01553237 Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01553238 11 Cusip JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 12 of 61 Foreign Exchange Description AUD PUT USD CALL FX EUROPEAN STYLE OPTION APR 23, 2004 @ .695 KNOCK IN @ .685 XAUDPA-CJ-Z EUR CALL USD PUT FX EUROPEAN STYLE OPTION NOV 01, 2004 @ 1.25 KNOCK OUT @ 1.1375 KNOCK OUT @ 1.21 BARRIER EXP 12/1/03 XEURCA-TP-Z EUR CALL USD PUT FX EUROPEAN STYLE OPTION NOV 01, 2004 @ 1.3 KNOCK OUT @ 1.1375 KNOCK OUT @ 1.21 BARRIER EXP 12/1/03 XEURCA-TQ-Z AUD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 01, 2003 @ .703 KNOCK IN TRIGGERED @ .72 XAUDCA-BQ-Z P NZD PUT USD CALL FX EUROPEAN STYLE OPTION DEC 01, 2003 @ .61 KNOCK IN @ .59 XNZDPA-CL-Z P EUR PUT USD CALL FX EUROPEAN STYLE OPTION DEC 01, 2003 @ 1.1375 XEURPA-LR-Z EUR O USD 0.00 USD 0.00 0.00 NZD O USD 0.00 USD 0.00 0.00 AUD - 28,449,502.13 USD - 20,000,000.00 USD - 170,000.00 - 170,000.00 - 605,006.54 - 435,006.54 EUR 50,000,000 USD 65,000,000.00 USD 282,235.00 282,235.00 595,276.00 313,041.00 EUR 50,000,000 USD 62,500,000.00 USD 491,862.00 491,862.00 1,069,260.00 577,398.00 Counter Amount Currency continued AUD - 10,000,000 USD - 6,950,000.00 USD - 251,590.00 - 251,590.00 - 109,131.30 142,458.70 Counter Premium EFTA01553239 Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01553240 11 Cusip JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 13 of 61 Foreign Exchange Description P ZAR PUT USD CALL FX EUROPEAN STYLE OPTION DEC 01, 2003 @ 7.05 XZARPA-AI-Z P EUR PUT USD CALL FX EUROPEAN STYLE OPTION DEC 01, 2003 @ 1.1375 EUR BINARY ONE-TOUCH XEURPA-LS-Z P EUR CALL USD PUT FX EUROPEAN STYLE OPTION DEC 01, 2003 @ 1.21 EUR BINARY ONE-TOUCH XEURCA-TU-Z HUF PUT USD CALL FX EUROPEAN STYLE OPTION MAY 19, 2004 @ 217 KNOCK IN TRIGGERED @ 225 KNOCK OUT @ 213 XHUFPA-AC-Z Total Foreign Exchange Exchange-listed options are valued using market prices at the close of business for statement date. Over-The-Counter (OTC) options are valued at Mid-Market, unless otherwise agreed. See: Important Information about Pricing and Valuations. - 109,100.00 707,732.19 816,832.22 HUF -3,255,000,000 USD - 15,000,000.00 USD - 337,500.00 - 337,500.00 - 744,744.00 - 407,244.00 EUR O USD 0.00 USD 0.00 0.00 EUR O USD 0.00 USD 0.00 0.00 Counter Amount Currency continued ZAR O USD 0.00 USD 0.00 0.00 Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01553241 11 JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 14 of 61 Important Information about Pricing and Valuations Prices, some of which are provided by pricing services or other sources which we deem reliable, are not guaranteed for accuracy or as realizable values. Valuations of over-the-counter derivative transactions, including certain derivatives-related deposi t products, have been prepared on a mid-market basis. These valuations are indicative values as of t he close of business of the date of this statement and, except as otherwise agreed in writing, these valuations do not represent the actual terms at wh ich transactions or securities could be bought or sold or new transactions could be entered into, or the actual terms on which existing transactions or securities could be liquidated as of the date of this statement. We do not warrant their completenes s or accuracy. These valuations are derived from proprietary models based upon well recognized finan cial principles and we have, when necessary to calculate the present value of future cash flows, made reasonable estimates about relevant future ma rket conditions. Valuations based on other models or different assumptions may yield different resul ts. Morgan expressly disclaims any responsibility for (1) the accuracy of the models or estimates used in deriving the valuations, (2) any errors or o missions in computing or disseminating the valuations, and (3) any uses to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. Please refer to the trade confirmation for d etails of each transaction. EFTA01553242 11 JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 15 of 61 Outstanding Foreign Exchange Contracts Net Currency Exposure Summary Australia Dollar Euro Currency Pound Sterling Hungarian Forint N Zealand Dollar U S Dollar Value in Currency 30,000,000.00 5,000,000.00 15,000,000.00 1,085,000,000.00 15,000,000.00 - 63,908,735.53 Gain/Loss Summary Total Unrealized Closed Value in USD Total Unrealized Open Total Unrealized Gain/Loss 2,208,712.47 1,782,371.12 3,991,083.59 Foreign Exchange Contracts Settlement Date Trade Date SPECULATIVE AUSTRALIA DOLLAR - U S DOLLAR Jun. 3 03 Dec. 5 03 AUD Oct. 22 03 Dec. 03 AUD Oct. 23 03 Dec. 03 AUD Oct. 24 03 Dec. 03 AUD Oct. 24 03 Dec. 03 AUD Nov. 4 03 Dec. 1 03 AUD Nov. 14 03 Dec. 5 03 AUD Nov. 24 03 Dec. 5 03 AUD Nov. 18 03 Jan. 0 04 AUD Nov. 24 03 Jan. 0 04 AUD 20,000,000.00 US 5,000,000.00 USD 5,000,000.00 USD - 12,000,000.00 USD - 18,000,000.00 USD 18,000,000.00 USD - 15,000,000.00 USD - 3,000,000.00 USD 10,000,000.00 USD - 10,000,000.00 USD - 13,040,000.00 - 3,510,000.00 - 3,500,500.00 8,365,200.00 12,551,400.00 - 12,486,600.00 10,761,000.00 2,154,300.00 - 7,204,000.00 7,146,000.00 0.652 0.702 0.7001 0.6971 0.6973 0.6937 0.7174 0.7181 0.7204 0.7146 0.723166 EFTA01553243 0.723166 0.723166 0.723166 0.723166 0.722319 0.722319 0.722319 0.719237 0.719237 14,463,316.62 3,615,829.15 3,615,829.15 8,365,200.00 12,551,400.00 13,001,750.83 10,761,000.00 2,154,300.00 7,192,369.81 7,146,000.00 13,040,000.00 3,510,000.00 3,500,500.00 8,677,989.97 13,016,984.95 12,486,600.00 10,834,792.36 2,166,958.47 7,204,000.00 7,192,369.81 1,423,316.62 105,829.15 115,329.15 - 312,789.97 - 465,584.95 515,150.83 - 73,792.36 - 12,658.47 - 11,630.19 - 46,369.81 Currency Amount Counter Currency Counter Amount Contract Rate Current Market Forward Rate Market Value Receivables USD Market Value Payables USD Unrealized Gain/Loss USD EFTA01553244 11 Trade Date JPMorgan Chase Bank 2003 Account Number:m FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 16 of 61 Foreign Exchange Contracts Settlement Date Currency Oct. 23 03 Jan. 27 04 AUD Nov. 24 03 Jan. 27 04 AUD Total Closed SWISS FRANC Nov. 4 03 Dec. 15 03 CHF Nov. 18 03 Dec. 15 03 CHF Total Closed Nov. 18 03 Jan. 20 04 EUR continued Amount Counter Currency 10,000,000.00 USD - 10,000,000.00 USD 0.00 - U S DOLLAR 26,050,000.00 USD - 26,050,000.00 USD 0.00 EURO CURRENCY - U S DOLLAR POUND STERLING - U S DOLLAR Jul. 25 03 Dec. 15 03 GBP Nov. 4 03 Dec. 15 03 GBP Nov. 24 03 Dec. 15 03 GBP Nov. 18 03 Jan. 20 04 GBP Total Open 5,000,000.00 USD 10,000,000.00 USD 5,000,000.00 USD - 5,000,000.00 USD 5,000,000.00 USD 15,000,000.00 HUNGARIAN FORINT - U S DOLLAR Nov. 20 03 Dec. 1 03 HUF Nov. 21 03 Dec. 1 03 HUF Nov. 21 03 Dec. 1 03 HUF Total Open N ZEALAND DOLLAR - U S DOLLAR Nov. 18 03 Jan. 20 04 NZD Nov. 19 03 Jan. 20 04 NZD Nov. 24 03 Jan. 20 04 NZD Total Open 217,000,000.00 USD 651,000,000.00 USD 217,000,000.00 USD 1,085,000,000.00 10,000,000.00 USD 15,000,000.00 USD - 10,000,000.00 USD 15,000,000.00 - 19,208,081.40 19,976,993.87 768,912.47 - 5,963,500.00 - 16,102,000.00 - 8,366,000.00 8,466,500.00 - 8,475,000.00 - 24,476,500.00 - 999,079.19 - 2,997,651.61 - 999,217.20 - 4,995,948.00 - 6,336,000.00 - 9,460,500.00 EFTA01553245 6,336,000.00 - 9,460,500.00 1.3562 1.304 1.292213 1.292213 20,159,223.00 19,976,993.87 40,136,216.87 1.1927 1.6102 1.6732 1.6933 1.695 0.83548 1.717914 1.717914 1.717914 1.713113 5,984,577.45 17,179,141.65 8,589,570.82 8,466,500.00 8,565,564.94 42,800,777.41 217.20 217.17 217.17 219.433467 219.433467 219.433467 988,910.23 2,966,730.69 988,910.23 4,944,551.15 0.6336 0.6307 0.6336 0.635062 0.635062 0.635062 6,350,620.64 9,525,930.96 6,336,000.00 22,212,551.60 19,208,081.40 20,159,223.00 39,367,304.40 5,963,500.00 16,102,000.00 8,366,000.00 8,589,570.82 8,475,000.00 41,532,570.82 999,079.19 2,997,651.61 999,217.20 4,995,948.00 6,336,000.00 9,460,500.00 6,350,620.64 22,147,120.64 951,141.60 - 182,229.13 768,912.47 21,077.45 1,077,141.65 223,570.82 - 123,070.82 90,564.94 1,268,206.59 - 10,168.96 - 30,920.92 - 10,306.97 - 51,396.85 14,620.64 65,430.96 - 14,620.64 65,430.96 EFTA01553246 Counter Amount - 6,936,000.00 7,139,000.00 1,439,800.00 Contract Rate 0.6936 0.7139 Current Market Forward Rate 0.718633 0.718633 Market Value Receivables USD 7,186,326.48 7,139,000.00 97,192,322.04 Market Value Payables USD 6,936,000.00 7,186,326.48 95,752,522.04 Unrealized Gain/Loss USD 250,326.48 - 47,326.48 1,439,800.00 EFTA01553247 11 Trade Date JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 17 of 61 Foreign Exchange Contracts Settlement Date Currency TRADE RELATED AUSTRALIA DOLLAR - U S DOLLAR Nov. 5 03 Dec. 3 03 AUD Nov. 5 03 Dec. 3 03 AUD Nov. 6 03 Dec. 3 03 AUD Total Open Total Foreign Exchange Contracts 10,000,000.00 USD 10,000,000.00 USD 10,000,000.00 USD 30,000,000.00 - 7,090,000.00 - 7,078,000.00 - 7,053,000.00 - 21,221,000.00 0.709 0.7078 0.7053 0.723335 0.723335 0.723335 7,233,350.99 7,233,350.99 7,233,350.99 21,700,052.97 234,971,049.49 7,090,000.00 7,078,000.00 7,053,000.00 21,221,000.00 230,979,965.90 143,350.99 155,350.99 180,350.99 479,052.97 3,991,083.59 continued Amount Counter Currency Counter Amount Contract Rate Current Market Forward Rate Market Value Receivables USD Market Value Payables USD Unrealized Gain/Loss USD EFTA01553248 11 JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 18 of 61 Trade Activity Realized Gain/Loss Summary Short Term Gain/Loss Long Term Gain/Loss Foreign Exchange Gains/Losses Note: indicates Short Term Realized Gain/Loss indicates Long Term Realized Gain/Loss S L Capital gains and losses on sales with missing or incomplete tax cost are identified with N/A. Trade Date Settlement Date Settled Nov 4 Nov 6 Write Option AUD CALL USD PUT Nov 4 Nov 6 Purchase Opt Nov 4 Nov 6 Write Option FX EUROPEAN STYLE OPTION DEC 01, 2003 @ .703 KNOCK IN @ .72 EUR PUT USD CALL FX EUROPEAN STYLE OPTION DEC 01, 2003 @ 1.1375 NZD PUT USD CALL Nov 7 Nov 12 Purchase Opt FX EUROPEAN STYLE OPTION DEC 01, 2003 @ .61 KNOCK IN @ .59 EUR PUT USD CALL FX EUROPEAN STYLE OPTION DEC 01, 2003 @ 1.1375 EUR BINARY ONE-TOUCH USD - 28,449,502.13 0.85 170,000.00 Realized Type Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD Amount USD 4,540,961.95 0.00 - 330,100.00 USD 356,043.95 74.07 USD - 32,786,885.24 0.71 - 300,000.00 142,000.00 USD 65,934.07 62.00 - 46,500.00 EFTA01553249 11 Trade Date JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 19 of 61 Settlement Date Realized Type Settled continued Nov 7 Nov 12 Buy-Back Opt ZAR CALL USD PUT Nov 7 Nov 12 Write Option Nov 14 Nov 14 Expired Opt FX EUROPEAN STYLE OPTION NOV 24, 2003 @ 7.1 ZAR PUT USD CALL FX EUROPEAN STYLE OPTION DEC 01, 2003 @ 7.05 NZD PUT USD CALL FX EUROPEAN STYLE OPTION JUL 22, 2004 @ .6 KNOCK IN @ .59 KNOCK OUT @ .625 Issued in USD Nov 17 Nov 19 Buy-Back Opt NZD PUT USD CALL Nov 18 Nov 18 Expired Opt FX EUROPEAN STYLE OPTION JAN 05, 2004 @ .59 HUF PUT USD CALL FX EUROPEAN STYLE OPTION JUL 30, 2004 @ 220. KNOCK IN @ 230 KNOCK OUT @ 216 Issued in USD Nov 18 Nov 20 Buy-Back Opt NOK PUT USD CALL Nov 18 Nov 18 Expired Opt FX EUROPEAN STYLE OPTION MAR 03, 2004 @ 7.65 KNOCK IN @ 7.80 NOK PUT USD CALL FX EUROPEAN STYLE OPTION JUN 29, 2004 @ 7.15 KNOCK IN TRIGGERED @ 7.20 KNOCK OUT @ 6.88 Issued in USD USD 38,250,000 - 15,000.00 175,500.00 160,500.00 S USD HUF 5,000,000 2,200,000,000 - 6,785.00 0.00 73,750.00 255,000.00 66,965.00 S 255,000.00 S USD USD NZD 25,560,000 - 42,300,000 20,000,000 1.64 - 64,440.00 98,400.00 0.00 336,000.00 336,000.00 S 43,200.00 EFTA01553250 - 21,240.00 S Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD NOK 35,750,000 0.00 80,000.00 80,000.00 S EFTA01553251 11 Trade Date JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 20 of 61 Settlement Date Realized Type Settled continued Nov 18 Nov 20 Buy-Back Opt NZD PUT USD CALL Nov 19 Nov 21 Purchase Opt FX EUROPEAN STYLE OPTION FEB 25, 2004 @ .5625 KNOCK IN @ .54 EUR CALL USD PUT FX EUROPEAN STYLE OPTION DEC 01, 2003 @ 1.21 EUR BINARY ONE-TOUCH Nov 19 Nov 19 Expired Opt HUF PUT USD CALL FX EUROPEAN STYLE OPTION AUG 02, 2004 @ 222 KNOCK IN @ 230 KNOCK OUT @ 217 Issued in USD Nov 19 Nov 21 Write Option HUF PUT USD CALL FX EUROPEAN STYLE OPTION MAY 19, 2004 @ 217 KNOCK IN @ 225 KNOCK OUT @ 213 Nov 19 Nov 21 Purchase Nov 19 Nov 21 Purchase Nov 20 Nov 24 Purchase 3 MONTH MXN BULLISH FX DEPOSIT 100% PRINCIPAL PROTECTED IN MXN JPMORGAN CHASE LONDON 02/20/2004 3 MONTH GBP BULLISH FX DEPOSIT 100% PRINCIPAL PROTECTED IN GBP JPMORGAN CHASE LONDON 02/19/2004 3 MONTH HUF BULLISH FX DEPOSIT 100% PRINCIPAL PROTECTED IN HUF JP MORGAN CHASE LONDON MATURITY 02/20/2004 Nov 24 Nov 26 Buy-Back Opt NZD PUT USD CALL FX EUROPEAN STYLE OPTION FEB 25, 2004 @ .58 KNOCK IN @ .57 MXN GBP HUF 56,250,000 3,000,000 1,083,000,000 100.00 - 56,250,000.00 100.00 - 3,000,000.00 100.00 - 1,083,000,000.00 USD -3,255,000,000 2.25 337,500.00 HUF 2,220,000,000 0.00 308,000.00 308,000.00 S USD 17,777,777.77 - 15,000.00 303,000.00 288,000.00 S Description EFTA01553252 Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD USD 330,578.51 56.00 - 224,000.00 USD 34,482,758.62 - 40,000.00 670,000.00 630,000.00 S EFTA01553253 11 Trade Date JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 21 of 61 Settlement Date Realized Type Settled continued Nov 24 Nov 26 FX Option AssiZAR CALL USD PUT FX EUROPEAN STYLE OPTION NOV 24, 2003 @ 7.1 Nov 24 Nov 26 FX Opt Asgn'D Nov 28 Nov 28 Expired Opt SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION SELL ZAR BUY USD GBP PUT USD CALL FX EUROPEAN STYLE OPTION JUL 22, 2004 @ 1.69 KNOCK IN TRIGGERED @ 1.6775 KNOCK OUT @ 1.7183 Issued in USD Nov 28 Nov 28 Expired Opt GBP PUT USD CALL FX EUROPEAN STYLE OPTION JUL 22, 2004 @ 1.69 KNOCK IN TRIGGERED @ 1.6775 KNOCK OUT @ 1.7183 Issued in USD Trade Date Estimated Settlement Date Pending Dec 1 Expired Opt EUR CALL USD PUT FX EUROPEAN STYLE OPTION DEC 01, 2003 @ 1.21 EUR BINARY ONE-TOUCH Dec 1 Expired Opt EUR PUT USD CALL FX EUROPEAN STYLE OPTION DEC 01, 2003 @ 1.1375 USD - 356,043.95 0.00 0.00 - 300,000.00 USD - 330,578.51 0.00 0.00 - 224,000.00 Realized Gain/Loss Type Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost USD GBP 5,500,000 0.00 151,509.00 151,509.00 S USD GBP - 21,300,000 4,500,000 EFTA01553254 7.10 3,000,000.00 0.00 - 3,255,885.05 123,962.00 - 255,885.05 S 123,962.00 8 USD 21,300,000 0.00 36,000.00 36,000.00 S Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD EFTA01553255 11 Trade Date JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 22 of 61 Estimated Settlement Date Realized Gain/Loss Type Pending continued Dec 1 Expired Opt EUR PUT USD CALL FX EUROPEAN STYLE OPTION DEC 01, 2003 @ 1.1375 EUR BINARY ONE-TOUCH Dec 1 Expired Opt NZD PUT USD CALL FX EUROPEAN STYLE OPTION DEC 01, 2003 @ .61 KNOCK IN @ .59 Dec 1 Expired Opt ZAR PUT USD CALL FX EUROPEAN STYLE OPTION DEC 01, 2003 @ 7.05 Trade Date Settlement Date Counter Currency Settled Foreign Exchange Contracts SPECULATIVE SWISS FRANC May 8 03 Nov 5 03 Oct 20 03 Nov 5 03 Oct 22 03 Nov 5 03 Nov 4 03 Nov 5 03 Nov 12 03 Nov 12 03 Nov 17 03 Nov 17 03 Nov 17 03 - U S DOLLAR CHF 26,050,000.00 USD - 20,000,000.00 CHF CHF - 3,276,000.00 USD EURO CURRENCY - U S DOLLAR Nov 7 03 Nov 7 03 Nov 6 03 Nov 6 03 Nov 7 03 3,276,000.00 USD - 2,468,912.50 2,476,752.10 CHF - 26,050,000.00 USD 19,186,860.13 EUR - 10,000,000.00 USD 11,380,000.00 EUR 10,000,000.00 USD - 11,480,000.00 EUR - 10,000,000.00 USD 11,405,000.00 EUR - 5,000,000.00 USD EUR 15,000,000.00 USD - 17,064,000.00 1.302500 1.326900 1.322700 1.357700 5,706,000.00 1.138000 1.148000 1.140500 1.141200 1.137600 1.364300 EFTA01553256 1.364300 1.364300 1.364300 1.148000 1.148000 1.178759 1.178759 1.178759 - 20,000,000.00 - 2,468,912.50 2,476,752.10 19,094,040.90 2,401,231.40 - 2,401,231.40 19,186,860.13 - 19,094,040.90 11,380,000.00 - 11,480,000.00 - 11,480,000.00 11,405,000.00 - 11,787,587.67 5,706,000.00 - 17,064,000.00 - 905,959.10 - 67,681.10 75,520.70 92,819.23 - 100,000.00 11,480,000.00 - 5,893,793.83 17,681,381.50 - 382,587.67 - 187,793.83 617,381.50 Amount Currency Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD USD 42,300,000 0.00 0.00 98,400.00 USD 32,786,885.24 0.00 0.00 142,000.00 USD - 65,934.07 0.00 0.00 - 46,500.00 Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost USD EFTA01553257 11 Date Oct 9 03 JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 23 of 61 Settled Foreign Exchange Contracts Trade Settlement Date Currency Nov 20 03 Nov 14 03 Nov 20 03 Sep 4 03 Nov 20 03 Nov 20 03 EUR Counter Amount Currency continued EUR - 5,000,000.00 USD POUND STERLING - U S DOLLAR Jul 25 03 Oct 24 03 Nov 20 03 5,000,000.00 USD - 5,842,597.23 5,867,076.69 GBP 10,000,000.00 USD - 16,088,499.46 GBP - 5,000,000.00 USD GBP - 5,000,000.00 USD HUNGARIAN FORINT - U S DOLLAR Nov 19 03 Nov 21 03 Nov 20 03 Nov 21 03 Nov 20 03 Nov 24 03 Nov 21 03 Nov 24 03 Nov 21 03 Nov 25 03 Nov 21 03 Nov 25 03 Nov 21 03 Nov 25 03 Nov 21 03 Nov 25 03 NORWEGIAN KRONE - U S DOLLAR Dec 11 02 Nov 20 03 Dec 11 02 Nov 20 03 Dec 12 02 Nov 20 03 Dec 12 02 Nov 20 03 Dec 13 02 Nov 20 03 Dec 13 02 Nov 20 03 Dec 13 02 Nov 20 03 Jan 15 03 Nov 20 03 1.168520 1.173415 7,804,450.95 8,450,408.90 HUF 217,000,000.00 USD - 1,000,000.00 HUF - 217,000,000.00 USD HUF 217,000,000.00 USD - 1,000,000.00 HUF - 217,000,000.00 USD HUF 217,000,000.00 USD - 1,000,000.00 HUF - 217,000,000.00 USD HUF 651,000,000.00 USD - 3,000,000.00 HUF - 651,000,000.00 USD NOK 38,025,000.00 USD - 4,995,807.81 NOK 73,135,000.00 USD - 9,608,636.52 NOK 37,560,000.00 USD - 4,995,807.81 NOK 37,465,000.00 USD - 4,995,807.81 NOK 74,370,000.00 USD - 9,954,138.69 NOK 37,275,000.00 USD - 4,995,807.81 NOK 36,350,000.00 USD - 4,881,328.24 NOK - 71,800,000.00 USD 1.608850 1.560890 1.690082 1,000,000.00 1,000,000.00 1,000,000.00 3,000,000.00 EFTA01553258 217.000000 217.000000 217.000000 217.000000 217.000000 217.000000 217.000000 217.000000 9,991,615.61 7.611382 7.611382 7.518304 7.499288 7.471264 7.461256 7.446744 7.186025 1.191682 1.191682 1.703723 1.703723 1.703723 217.000000 217.000000 217.000000 216.666667 217.000000 216.814840 217.000000 216.814840 6.858500 6.858500 6.858500 6.858500 6.858500 6.858500 6.858500 6.858500 - 5,842,597.23 5,867,076.69 - 16,088,499.46 7,804,450.95 8,450,408.90 - 1,000,000.00 1,000,000.00 - 1,000,000.00 1,000,000.00 - 1,000,000.00 1,000,000.00 - 3,000,000.00 3,000,000.00 - 4,995,807.81 - 9,608,636.52 - 4,995,807.81 - 4,995,807.81 - 9,954,138.69 - 4,995,807.81 - 4,881,328.24 5,958,410.29 - 5,958,410.29 17,037,226.33 - 8,518,613.16 - 8,518,613.16 1,000,000.00 - 1,000,000.00 1,000,000.00 - 1,001,538.46 1,000,000.00 - 1,000,854.00 3,000,000.00 - 3,002,562.00 5,544,215.20 10,663,410.36 5,476,416.12 5,462,564.70 10,843,478.89 5,434,861.85 5,299,992.70 9,991,615.61 - 10,468,761.39 EFTA01553259 115,813.06 - 91,333.60 948,726.87 - 714,162.21 - 68,204.26 Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD - 1,538.46 - 854.00 - 2,562.00 548,407.39 1,054,773.84 480,608.31 466,756.89 889,340.20 439,054.04 418,664.46 - 477,145.78 EFTA01553260 11 Date JPMorgan Chase Bank 2003 Account Number:m FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 24 of 61 Settled Foreign Exchange Contracts Trade Settlement Date Currency Apr 24 03 Nov 20 03 May 21 03 Nov 20 03 Sep 23 03 Nov 20 03 Sep 23 03 Nov 20 03 Nov 17 03 Nov 20 03 Aug 7 03 Nov 20 03 Nov 20 03 Counter Amount Currency continued NOK - 72,625,000.00 USD NOK - 68,490,000.00 USD NOK - 10,754,280.00 USD NOK - 35,412,500.00 USD N ZEALAND DOLLAR - U S DOLLAR Jul 1 03 Oct 17 03 Nov 20 03 Oct 24 03 Nov 20 03 Oct 27 03 Nov 20 03 Nov 14 03 Nov 20 03 Nov 17 03 Nov 20 03 TRADE RELATED POUND STERLING - U S DOLLAR HUNGARIAN FORINT - U S DOLLAR Nov 19 03 Nov 21 03 Nov 20 03 Nov 24 03 Nov 21 03 Nov 24 03 GBP 3,000,000.00 USD - 5,099,400.00 HUF 866,000,000.00 USD - 4,000,000.00 HUF 217,000,000.00 USD - 1,000,000.00 MEXICAN NEW PESO - U S DOLLAR Nov 19 03 Nov 21 03 MXN 56,250,000.00 USD - 5,000,000.00 1.699800 216.500000 217.000000 11.250000 1.699800 216.500000 217.000000 11.250000 - 5,099,400.00 - 4,000,000.00 - 1,000,000.00 - 5,000,000.00 5,099,400.00 4,000,000.00 1,000,000.00 5,000,000.00 9,991,615.61 9,991,615.61 1,510,014.50 4,995,807.81 NOK - 75,098,220.00 USD 10,759,285.16 NZD 30,000,000.00 USD - 17,535,285.40 NZD - 10,000,000.00 USD NZD - 10,000,000.00 USD NZD - 10,000,000.00 USD 7.268594 6.854747 7.121971 7.088443 EFTA01553261 6.979852 5,746,178.14 5,917,034.76 6,054,919.06 NZD 10,000,000.00 USD - 6,041,929.96 NZD - 20,000,000.00 USD 12,531,484.30 NZD 10,000,000.00 USD - 6,285,725.38 S AFRICAN RAND - U S DOLLAR Nov 25 03 Nov 26 03 ZAR 21,300,000.00 USD - 3,255,885.05 0.584510 0.574618 0.591704 0.605492 0.604193 0.626574 0.628573 6.542000 6.858500 6.858500 6.858500 6.858500 6.858500 1.555100 1.555100 1.555100 1.555100 1.555100 1.555100 0.628573 6.542000 9,991,615.61 - 10,589,050.08 9,991,615.61 1,510,014.50 4,995,807.81 10,759,285.16 - 10,949,656.62 - 17,535,285.40 5,746,178.14 5,917,034.76 6,054,919.06 - 6,041,929.96 19,291,363.89 - 6,430,454.63 - 6,430,454.63 - 6,430,454.63 6,430,454.63 12,531,484.30 - 12,860,909.26 - 6,285,725.38 - 3,255,885.05 6,285,725.38 3,255,885.05 - 9,986,148.57 - 1,568,022.16 - 5,163,301.01 - 597,434.47 5,467.04 - 58,007.66 - 167,493.20 - 190,371.46 1,756,078.49 - 684,276.49 - 513,419.87 - 375,535.57 388,524.67 - 329,424.96 Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD EFTA01553262 11 JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 25 of 61 Account Transactions by Currency Euro Currency Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Purchases of Securities Miscellaneous Disbursements Foreign Exchange Ending Balance Euro Currency Activity by Date Settlement Date Type Nov 12 Spot FX Quantity Description 11,380,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.138000000 TRADE 11/07/03 VALUE 11/12/03 U S DOLLAR EURO PRINCIPAL CURRENCY Nov 12 Spot FX - 11,480,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.148000000 TRADE 11/07/03 VALUE 11/12/03 EURO PRINCIPAL CURRENCY U S DOLLAR 10,000,000.00 11,480,000.00 - 30,000,000.00 -00 - 20,000,000.00 - .53 - 569,569,309.74 9,974,741.74 30,000,000.00 579,594,568.53 .00 Amount to Date Realized Amount Gain/Loss USD - 10,000,000.00 - 11,380,000.00 Amount USD EFTA01553263 11 Date JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 26 of 61 Euro Currency Activity by Date Settlement continued Realized Type Nov 17 Fwd FX Ctrct Quantity Description 11,405,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.140500000 TRADE 11/06/03 VALUE 11/17/03 Nov 17 Fwd FX Ctrct 5,706,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.141200000 TRADE 11/06/03 VALUE 11/17/03 Nov 17 Fwd FX Ctrct - 17,064,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.137600000 TRADE 11/07/03 VALUE 11/17/03 Nov 20 Fwd FX Ctrct 5,867,076.69 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.173415300 TRADE 11/14/03 VALUE 11/20/03 Nov 20 Fwd FX Ctrct - 5,842,597.23 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.168519500 TRADE 10/09/03 VALUE 11/20/03 Gain/Loss USD - 10,000,000.00 - 11,787,587.67 Amount Amount USD - 5,000,000.00 - 5,893,793.83 15,000,000.00 17,681,381.50 - 5,000,000.00 - 5,958,410.29 5,000,000.00 5,958,410.29 EFTA01553264 11 JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 27 of 61 Account Transactions by Currency Hungarian Forint Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Purchases of Securities Foreign Exchange Ending Balance Hungarian Forint Activity by Date Settlement Date Type Nov 18 Expired Opt Quantity Description 2,200,000,000 HUF PUT USD CALL FX EUROPEAN STYLE OPTION JUL 30, 2004 @ 220. KNOCK IN @ 230 KNOCK OUT @ 216 EXPIRATION OF WRITTEN FX OPTION OPTION KNOCKED OUT Nov 19 Expired Opt 2,220,000,000 HUF PUT USD CALL FX EUROPEAN STYLE OPTION AUG 02, 2004 @ 222 KNOCK IN @ 230 KNOCK OUT @ 217 EXPIRATION OF WRITTEN FX OPTION OPTION KNOCKED OUT .00 2,385,000,000.00 - 1,083,000,000.0 - 1,302,000,000.0 .00 2,385,000,000.00 - 1,083,000,000.0 - 1,302,000,000.0 Amount to Date Realized Amount Gain/Loss USD Amount USD EFTA01553265 11 Date JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 28 of 61 Hungarian Forint Activity by Date Settlement continued Realized Type Nov 21 Spot FX Quantity Description - 1,000,000 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 217.000000000 TRADE 11/19/03 VALUE 11/21/03 HUNGARIAN FORINT U 5 DOLLAR Nov 21 Spot FX 1,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL HUF SPOT RATE : 217.000000000 TRADE 11/20/03 VALUE 11/21/03 U 5 DOLLAR HUNGARIAN FORINT Nov 24 Spot FX - 4,000,000 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 216.500000000 TRADE 11/20/03 VALUE 11/24/03 HUNGARIAN FORINT U S DOLLAR Nov 24 Spot FX - 1,000,000 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 217.000000000 TRADE 11/20/03 VALUE 11/24/03 HUNGARIAN FORINT U 5 DOLLAR Nov 24 Spot FX - 1,000,000 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 217.000000000 TRADE 11/21/03 VALUE 11/24/03 HUNGARIAN FORINT U 5 DOLLAR 866,000,000.00 4,000,000.00 Gain/Loss USD 217,000,000.00 1,000,000.00 Amount Amount USD - 217,000,000.00 - 1,000,000.00 217,000,000.00 1,000,000.00 217,000,000.00 1,000,000.00 EFTA01553266 11 Date JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 29 of 61 Hungarian Forint Activity by Date Settlement continued Realized Type Nov 24 Spot FX Quantity Description 1,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL HUF SPOT RATE : 217.000000000 TRADE 11/21/03 VALUE 11/24/03 U 5 DOLLAR HUNGARIAN FORINT Nov 24 Purchase 1,083,000,000 3 MONTH HUF BULLISH FX DEPOSIT 100% PRINCIPAL PROTECTED IN HUF JP MORGAN CHASE LONDON MATURITY 02/20/2004 Nov 25 Spot FX - 1,000,000 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 217.000000000 TRADE 11/21/03 VALUE 11/25/03 HUNGARIAN FORINT U 5 DOLLAR Nov 25 Spot FX 1,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL HUF SPOT RATE : 217.000000000 TRADE 11/21/03 VALUE 11/25/03 • S DOLLAR HUNGARIAN FORINT Nov 25 Spot FX - 3,000,000 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 217.000000000 TRADE 11/21/03 VALUE 11/25/03 HUNGARIAN FORINT U S DOLLAR 651,000,000.00 3,000,000.00 - 1,083,000,000.00 - 5,000,000.00 Gain/Loss USD - 217,000,000.00 - 1,000,000.00 Amount Amount USD 217,000,000.00 1,000,000.00 - 217,000,000.00 - 1,000,000.00 EFTA01553267 11 Date JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 30 of 61 Hungarian Forint Activity by Date Settlement continued Realized Type Nov 25 Spot FX Quantity Description 3,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL HUF SPOT RATE : 217.000000000 TRADE 11/21/03 VALUE 11/25/03 U S DOLLAR HUNGARIAN FORINT Gain/Loss USD - 651,000,000.00 - 3,000,000.00 Amount Amount USD EFTA01553268 11 JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 31 of 61 Account Transactions by Currency Mexican New Peso Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Purchases of Securities Foreign Exchange Ending Balance Mexican New Peso Activity by Date Settlement Date Type Nov 21 Spot FX Quantity Description - 5,000,000 SPOT CURRENCY TRANSACTION - BUY BUY MXN SELL USD SPOT RATE : 11.250000000 TRADE 11/19/03 VALUE 11/21/03 MEXICAN NEW PESO U S DOLLAR Nov 21 Purchase 56,250,000 3 MONTH MXN BULLISH FX DEPOSIT 100% PRINCIPAL PROTECTED IN MXN JPMORGAN CHASE LONDON 02/20/2004 - 56,250,000.00 .00 - 163,500,000.00 - 526,425,000.00 56,250,000.00 107,250,000.00 582,675,000.00 .00 Amount to Date Realized Amount Gain/loas USD 56,250,000.00 5,000,000.00 Amount USD - 56,250,000.00 - 5,000,000.00 EFTA01553269 11 JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 32 of 61 Account Transactions by Currency N Zealand Dollar Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Miscellaneous Receipts Foreign Exchange Debits Purchases of Securities Foreign Exchange Ending Balance Foreign Exchange Gains/Losses N Zealand Dollar Activity by Date Settlement Date Type Nov 14 Expired Opt Quantity Description 20,000,000 NZD PUT USD CALL FX EUROPEAN STYLE OPTION JUL 22, 2004 @ .6 KNOCK IN @ .59 KNOCK OUT @ .625 EXPIRATION OF WRITTEN FX OPTION OPTION KNOCKED OUT - 50,000,000.00 .00 144,729.25 - 44,000,000.00 - 328,989,953.94 33,985,562.27 4,391.67 50,000,000.00 339,000,000.00 .00 Amount to Date Realized Amount Gain/Loss USD Amount USD EFTA01553270 11 Date JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 33 of 61 N Zealand Dollar Activity by Date Settlement continued Realized Type Nov 20 Fwd FX Ctrct Quantity Description - 17,535,285.40 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.584509500 TRADE 7/01/03 VALUE 11/20/03 Nov 20 Fwd FX Ctrct 5,746,178.14 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.574617800 TRADE 8/07/03 VALUE 11/20/03 Nov 20 Fwd FX Ctrct 12,531,484.30 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.626574200 TRADE 11/14/03 VALUE 11/20/03 Nov 20 Fwd FX Ctrct 5,917,034.76 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.591703500 TRADE 10/17/03 VALUE 11/20/03 Nov 20 Fwd FX Ctrct 6,054,919.06 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.605491900 TRADE 10/24/03 VALUE 11/20/03 Nov 20 Fwd FX Ctrct - 6,041,929.96 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.604193000 TRADE 10/27/03 VALUE 11/20/03 Nov 20 Spot FX - 6,285,725.38 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.628572500 TRADE 11/17/03 VALUE 11/20/03 N ZEALAND DOLLAR U S DOLLAR 28,945.85 Gain/Loss USD 30,000,000.00 19,291,363.89 Amount Amount USD - 10,000,000.00 - 6,430,454.63 57,891.70 - 20,000,000.00 - 12,860,909.26 28,945.85 - 10,000,000.00 - 6,430,454.63 28,945.85 - 10,000,000.00 - 6,430,454.63 10,000,000.00 6,430,454.63 EFTA01553271 10,000,000.00 6,285,725.38 EFTA01553272 11 JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 34 of 61 Account Transactions by Currency Norwegian Krone Activity Summary Amount this Period Beginning Balance Credits Taxable Interest Sales, Maturities, Redemptions Miscellaneous Receipts Foreign Exchange Debits Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Norwegian Krone Activity by Date Settlement Date Type Nov 18 Expired Opt Quantity Description 35,750,000 NOK PUT USD CALL FX EUROPEAN STYLE OPTION JUN 29, 2004 @ 7.15 KNOCK IN TRIGGERED @ 7.20 KNOCK OUT @ 6.88 EXPIRATION OF WRITTEN FX OPTION OPTION KNOCKED OUT - 334,180,000.00 .00 .01 - 2,378,875,844.0 334,180,000.00 1,915,704.00 73,684,296.00 4.16 2,299,895,135.84 .00 Amount to Date Realized Amount Gain/Loss USD Amount USD EFTA01553273 11 Date JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 35 of 61 Norwegian Krone Activity by Date Settlement continued Realized Type Nov 20 Fwd FX Ctrct Quantity Description 9,991,615.61 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NOK CONTRACT RATE : 6.854747300 TRADE 5/21/03 VALUE 11/20/03 Nov 20 Fwd FX Ctrct - 4,995,807.81 SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL USD CONTRACT RATE : 7.518303600 TRADE 12/12/02 VALUE 11/20/03 Nov 20 Fwd FX Ctrct 1,510,014.50 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NOK CONTRACT RATE : 7.121971300 TRADE 9/23/03 VALUE 11/20/03 Nov 20 Fwd FX Ctrct 4,995,807.81 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NOK CONTRACT RATE : 7.088443200 TRADE 9/23/03 VALUE 11/20/03 Nov 20 Fwd FX Ctrct - 9,954,138.69 SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL USD CONTRACT RATE : 7.471264200 TRADE 12/13/02 VALUE 11/20/03 Nov 20 Fwd FX Ctrct - 4,995,807.81 SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL USD CONTRACT RATE : 7.461255800 TRADE 12/13/02 VALUE 11/20/03 Nov 20 Fwd FX Ctrct - 4,881,328.24 SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL USD CONTRACT RATE : 7.446743600 TRADE 12/13/02 VALUE 11/20/03 Gain/Loss USD - 68,490,000.00 - 9,986,148.57 Amount Amount USD 37,560,000.00 5,476,416.12 - 10,754,280.00 - 1,568,022.16 - 35,412,500.00 - 5,163,301.01 74,370,000.00 10,843,478.89 37,275,000.00 5,434,861.85 36,350,000.00 5,299,992.70 EFTA01553274 11 Date JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 36 of 61 Norwegian Krone Activity by Date Settlement continued Realized Type Nov 20 Fwd FX Ctrct Quantity Description - 4,995,807.81 SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL USD CONTRACT RATE : 7.499287700 TRADE 12/12/02 VALUE 11/20/03 Nov 20 Fwd FX Ctrct - 4,995,807.81 SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL USD CONTRACT RATE : 7.611381700 TRADE 12/11/02 VALUE 11/20/03 Nov 20 Fwd FX Ctrct 9,991,615.61 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NOK CONTRACT RATE : 7.268594300 TRADE 4/24/03 VALUE 11/20/03 Nov 20 Fwd FX Ctrct 9,991,615.61 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NOK CONTRACT RATE : 7.186025000 TRADE 1/15/03 VALUE 11/20/03 Nov 20 Spot FX 10,759,285.16 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NOK SPOT RATE : 6.979852200 TRADE 11/17/03 VALUE 11/20/03 U S DOLLAR NORWEGIAN KRONE Nov 20 Fwd FX Ctrct - 9,608,636.52 SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL USD CONTRACT RATE : 7.611381700 TRADE 12/11/02 VALUE 11/20/03 71,135,000.00 10,663,410.36 0.01 Gain/Loss USD 37,465,000.00 5,462,564.70 Amount Amount USD 38,025,000.00 5,544,215.20 - 72,625,000.00 - 10,589,050.08 - 71,800,000.00 - 10,468,761.39 - 75,098,220.00 - 10,759,285.16 EFTA01553275 11 JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 37 of 61 Account Transactions by Currency Pound Sterling Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Purchases of Securities Miscellaneous Disbursements Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Pound Sterling Activity by Date Settlement Date Nov 3 Type Spot FX Quantity Description - 16,980,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.698000000 TRADE 10/30/03 VALUE 11/03/03 POUND STERLING U S DOLLAR Nov 3 Purchase 10,000,000 3 MONTH GBP BULLISH FX DEPOSIT -GBP 100% PRINCIPAL PROTECTED IN GBP JPMORGAN CHASE LONDON 1/30/2004 .00 23,000,000.00 - 13,000,000.00 - 10,000,000.00 .00 - .01 35,350,000.00 - 13,000,000.00 - .25 - 22,350,000.00 Amount to nate Realized Amount Gain/Loss USD 10,000,000.00 16,980,000.00 Amount USD - 10,000,000.00 - 16,980,000.02 EFTA01553276 11 Date JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 38 of 61 Pound Sterling Activity by Date Settlement continued Realized Type Nov 20 Fwd FX Ctrct Quantity Description 7,804,450.95 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.560890200 TRADE 9/04/03 VALUE 11/20/03 Nov 20 Fwd FX Ctrct 8,450,408.90 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.690081800 TRADE 10/24/03 VALUE 11/20/03 Nov 20 Fwd FX Ctrct - 16,088,499.46 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL USD CONTRACT RATE : 1.608850000 TRADE 7/25/03 VALUE 11/20/03 Nov 21 Spot FX - 5,099,400 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.699800000 TRADE 11/19/03 VALUE 11/21/03 POUND STERLING U S DOLLAR Nov 21 Purchase Nov 28 Expired Opt 3,000,000 3 MONTH GBP BULLISH FX DEPOSIT 100% PRINCIPAL PROTECTED IN GBP JPMORGAN CHASE LONDON 02/19/2004 4,500,000 GBP PUT USD CALL FX EUROPEAN STYLE OPTION JUL 22, 2004 @ 1.69 KNOCK IN TRIGGERED @ 1.6775 KNOCK OUT @ 1.7183 EXPIRATION OF WRITTEN FX OPTION OPTION KNOCKED OUT Gain/Loss USD - 0.01 - 5,000,000.00 - 8,518,613.16 Amount Amount USD - 5,000,000.00 - 8,518,613.16 10,000,000.00 17,037,226.33 3,000,000.00 5,099,400.00 - 3,000,000.00 - 5,099,400.00 EFTA01553277 11 Date JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 39 of 61 Pound Sterling Activity by Date Settlement continued Realized Type Nov 28 Expired Opt Quantity Description 5,500,000 GBP PUT USD CALL FX EUROPEAN STYLE OPTION JUL 22, 2004 @ 1.69 KNOCK IN TRIGGERED @ 1.6775 KNOCK OUT @ 1.7183 EXPIRATION OF WRITTEN FX OPTION OPTION KNOCKED OUT Gain/Loss USD Amount Amount USD EFTA01553278 11 JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 40 of 61 Account Transactions by Currency S African Rand Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Foreign Exchange Ending Balance S African Rand Activity by Date Settlement Date Type Nov 26 Spot FX Quantity Description - 3,255,885.05 SPOT CURRENCY TRANSACTION - BUY BUY ZAR SELL USD SPOT RATE : 6.542000000 TRADE 11/25/03 VALUE 11/26/03 S AFRICAN RAND U 5 DOLLAR Nov 26 FX Opt Asgn'D 3,000,000 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION SELL ZAR BUY USD TRADE 11/24/03 VALUE 11/26/03 .00 21,300,000.00 - 21,300,000.00 .00 218,877,000.00 - 218,877,000.00 Amount to Date Realized Amount Gain/Loss USD 21,300,000.00 3,255,885.05 Amount USD - 21,300,000.00 - 3,319,696.08 EFTA01553279 11 JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 41 of 61 Account Transactions by Currency Swiss Franc Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Foreign Exchange Ending Balance Swiss Franc Activity by Date Settlement Date Nov 5 Type Fwd FX Ctrct Quantity Description - 20,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY CHF SELL USD CONTRACT RATE : 1.302500000 TRADE 5/08/03 VALUE 11/05/03 Nov 5 Fwd FX Ctrct - 2,468,912.50 SETTLE FORWARD CURRENCY CONTRACT BUY CHF SELL USD CONTRACT RATE : 1.326900000 TRADE 10/20/03 VALUE 11/05/03 Nov 5 Fwd FX Ctrct 2,476,752.10 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL CHF CONTRACT RATE : 1.322700000 TRADE 10/22/03 VALUE 11/05/03 .00 29,326,000.00 - 29,326,000.00 .00 244,215,900.00 - 244,215,900.00 Amount to Date Realized Amount Gain/Loss USD 26,050,000.00 19,094,040.90 Amount USD 3,276,000.00 2,401,231.40 - 3,276,000.00 - 2,401,231.40 EFTA01553280 11 Date Nov 5 JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 42 of 61 Swiss Franc Activity by Date Settlement continued Realized Type Spot FX Quantity Description 19,186,860.13 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL CHF SPOT RATE : 1.357700000 TRADE 11/04/03 VALUE 11/05/03 U S DOLLAR SWISS FRANC Gain/Loss USD - 26,050,000.00 - 19,186,860.13 Amount Amount USD EFTA01553281 11 JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 43 of 61 Account Transactions by Currency U S Dollar Activity Summary Amount this Period USD Beginning Balance Credits Dividends Sweep Account Sales Sales, Maturities, Redemptions Miscellaneous Receipts Foreign Exchange Debits Sweep Account Purchases Purchases of Securities Miscellaneous Disbursements Foreign Exchange Ending Balance - 3,727,134.98 - 1,485,822.00 - 1,000,000.00 - 188,569,569.67 .00 *Year to date information is calculated on a calendar year basis. - 147,780,199.54 - 35,526,712.24 - 56,000,000.00 - 1,573,770,245.0 47,515.29 34,657,992.03 1,310,900.00 158,766,119.33 705,984.06 206,907,371.97 65,502,961.06 8,283,397.70 1,531,922,942.00 .00 Amount Year to Date USD* U S Dollar Activity by Date Type Settlement Date Nov 3 Dividend Quantity Description JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) Amount USD 47,515.29 EFTA01553282 11 Settlement Date Nov 3 JPMorgan Chase Bank 2003 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 44 of 61 U S Dollar Activity by Date Type continued Quantity Description Spot FX 18,800,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.698000000 TRADE 10/30/03 VALUE 11/03/03 POUND STERLING U S DOLLAR Nov 3 Write Option -2,200,000,000 HUF PUT USD CALL FX EUROPEAN STYLE OPTION JUL 30, 2004 @ 220. KNOCK IN @ 230 KNOCK OUT @ 216 WRITTEN FX OPTION PUT 2,200,000,000.00 HUF CALL 10,000,000.00 USD TRADE DATE 10/30/03 Nov 3 Purchase Opt 50,000,000 EUR CALL USD PUT FX EUROPEAN STYLE OPTION NOV 01, 2004 @ 1.25 KNOCK OUT @ 1.1375 KNOCK OUT @ 1.21 BARRIER EXP 12/1/03 PURCHASED FX OPTION CALL 50,000,000.00 EUR PUT 62,500,000.00 USD TRADE DATE 10/30/03 Nov 3 Purchase Opt 50,000,000 EUR CALL USD PUT FX EUROPEAN STYLE OPTION NOV 01, 2004 @ 1.3 KNOCK OUT @ 1.1375 KNOCK OUT @ 1.21 BARRIER EXP 12/1/03 PURCHASED FX OPTION CALL 50,000,000.00 EUR PUT 65,000,000.00 USD TRADE DATE 10/30/03 - 282,235.00 - 491,862.00 Amount USD - 16,980,000.00 255,000.00 EFTA01553283 11 Settlement Date Nov 3 Nov 4 JPMorgan Chase Bank 2003 Account Number: M FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 45 of 61 U S Dollar Activity by Date Type continued Quantity Description Sale Write Option - 17,451,581.71 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) -2,220,000,000 HUF PUT USD CALL FX EUROPEAN STYLE OPTION AUG 02, 2004 @ 222. WRITTEN FX OPTION PUT 2,220,000,000.00 HUF CALL 10,000,000.00 USD TRADE DATE 10/31/03 KNOCK IN @ 230 KNOCK OUT @ 217 Nov 4 Nov 5 Purchase Fwd FX Ctrct 308,000 26,050,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SETTLE FORWARD CURRENCY CONTRACT BUY CHF SELL USD CONTRACT RATE : 1.302500000 TRADE 5/08/03 VALUE 11/05/03 Nov 5 Fwd FX Ctrct 3,276,000 SETTLE FORWARD CURRENCY CONTRACT BUY CHF SELL USD CONTRACT RATE : 1.326900000 TRADE 10/20/03 VALUE 11/05/03 Nov 5 Fwd FX Ctrct - 3,276,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL CHF CONTRACT RATE : 1.322700000 TRADE 10/22/03 VALUE 11/05/03 Nov 5 Sale - 805,300.27 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) - 308,000.00 - 20,000,000.00 Amount USD 17,451,581.71 308,000.00 - 2,468,912.50 2,476,752.10 805,300.27 EFTA01553284 11 Settlement Date Nov 5 JPMorgan Chase Bank 2003 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 46 of 61 U S Dollar Activity by Date Type continued Quantity Description Spot FX - 26,050,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL CHF SPOT RATE : 1.357700000 TRADE 11/04/03 VALUE 11/05/03 U S DOLLAR SWISS FRANC Nov 6 Write Option - 28,449,502.13 AUD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 01, 2003 @ .703 KNOCK IN @ .72 WRITTEN FX OPTION CALL 28,449,502.13 AUD PUT 20,000,000.00 USD TRADE DATE 11/04/03 Nov 6 Write Option - 32,786,885.24 NZD PUT USD CALL FX EUROPEAN STYLE OPTION DEC 01, 2003 @ .61 KNOCK IN @ .59 WRITTEN FX OPTION PUT 32,786,885.24 NZD CALL 20,000,000.00 USD TRADE DATE 11/04/03 Nov 6 Nov 6 Purchase Purchase Opt 12,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 356,043.95 EUR PUT USD CALL FX EUROPEAN STYLE OPTION DEC 01, 2003 @ 1.1375 PURCHASED FX OPTION PUT CALL 356,043.95 EUR 405,000.00 USD TRADE DATE 11/04/03 - 12,000.00 - 300,000.00 142,000.00 Amount USD 19,186,860.13 170,000.00 EFTA01553285 11 Settlement Date JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 47 of 61 U S Dollar Activity by Date Type continued Quantity Description Nov 12 Spot FX - 10,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.138000000 TRADE 11/07/03 VALUE 11/12/03 U S DOLLAR EURO PRINCIPAL CURRENCY Nov 12 Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.148000000 TRADE 11/07/03 VALUE 11/12/03 EURO PRINCIPAL CURRENCY U S DOLLAR Nov 12 Write Option - 42,300,000 ZAR PUT USD CALL FX EUROPEAN STYLE OPTION DEC 01, 2003 Q 7.05 WRITTEN FX OPTION PUT 42,300,000.00 ZAR CALL 6,000,000.00 USD TRADE DATE 11/07/03 Nov 12 Buy-Back Opt 25,560,000 ZAR CALL USD PUT FX EUROPEAN STYLE OPTION NOV 24, 2003 Q 7.1 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 11/07/03 Nov 12 Purchase Opt 65,934.07 EUR PUT USD CALL FX EUROPEAN STYLE OPTION DEC 01, 2003 Q 1.1375 EUR BINARY ONE-TOUCH PURCHASED FX OPTION PUT CALL 65,934.07 EUR 75,000.00 USD TRADE DATE 11/07/03 - 46,500.00 - 64,440.00 - 11,480,000.00 Amount USD 11,380,000.00 98,400.00 EFTA01553286 11 Settlement Date JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 48 of 61 U S Dollar Activity by Date Type continued Quantity Description Nov 12 Sale Nov 13 Sale Nov 13 Misc. Disbursement - 112,540 - 1,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) FUNDS TRANSFERRED FROM BRXRG ACA (PRN) TO DDA ACA LETTER FROM CLIENT Nov 17 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.140500000 TRADE 11/06/03 VALUE 11/17/03 Nov 17 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.141200000 TRADE 11/06/03 VALUE 11/17/03 Nov 17 Fwd FX Ctrct 15,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.137600000 TRADE 11/07/03 VALUE 11/17/03 Nov 17 Purchase 47,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) Amount USD 112,540.00 1,000,000.00 - 1,000,000.00 11,405,000.00 5,706,000.00 - 17,064,000.00 - 47,000.00 EFTA01553287 11 Settlement Date JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 49 of 61 U S Dollar Activity by Date Type continued Quantity Description Nov 19 Buy-Back Opt 5,000,000 NZD PUT USD CALL FX EUROPEAN STYLE OPTION JAN 05, 2004 8 .59 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 11/17/03 Nov 19 Sale Nov 20 Fwd FX Ctrct - 6,785 30,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.584509500 TRADE 7/01/03 VALUE 11/20/03 Nov 20 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.574617800 TRADE 8/07/03 VALUE 11/20/03 Nov 20 Fwd FX Ctrct - 68,490,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NOK CONTRACT RATE : 6.854747300 TRADE 5/21/03 VALUE 11/20/03 Nov 20 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.560890200 TRADE 9/04/03 VALUE 11/20/03 Nov 20 Fwd FX Ctrct 37,560,000 SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL USD CONTRACT RATE : 7.518303600 TRADE 12/12/02 VALUE 11/20/03 6,785.00 - 17,535,285.40 Amount USD - 6,785.00 5,746,178.14 9,991,615.61 7,804,450.95 - 4,995,807.81 EFTA01553288 11 Settlement Date JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 50 of 61 U S Dollar Activity by Date Type continued Quantity Description Nov 20 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.173415300 TRADE 11/14/03 VALUE 11/20/03 Nov 20 Fwd FX Ctrct - 20,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.626574200 TRADE 11/14/03 VALUE 11/20/03 Nov 20 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.591703500 TRADE 10/17/03 VALUE 11/20/03 Nov 20 Fwd FX Ctrct - 10,754,280 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NOK CONTRACT RATE : 7.121971300 TRADE 9/23/03 VALUE 11/20/03 Nov 20 Fwd FX Ctrct - 35,412,500 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NOK CONTRACT RATE : 7.088443200 TRADE 9/23/03 VALUE 11/20/03 Nov 20 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.690081800 TRADE 10/24/03 VALUE 11/20/03 Nov 20 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.605491900 TRADE 10/24/03 VALUE 11/20/03 Amount USD 5,867,076.69 12,531,484.30 5,917,034.76 1,510,014.50 4,995,807.81 8,450,408.90 6,054,919.06 EFTA01553289 11 Settlement Date JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 51 of 61 U S Dollar Activity by Date Type continued Quantity Description Nov 20 Fwd FX Ctrct 74,370,000 SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL USD CONTRACT RATE : 7.471264200 TRADE 12/13/02 VALUE 11/20/03 Nov 20 Fwd FX Ctrct 37,275,000 SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL USD CONTRACT RATE : 7.461255800 TRADE 12/13/02 VALUE 11/20/03 Nov 20 Fwd FX Ctrct 36,350,000 SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL USD CONTRACT RATE : 7.446743600 TRADE 12/13/02 VALUE 11/20/03 Nov 20 Fwd FX Ctrct 37,465,000 SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL USD CONTRACT RATE : 7.499287700 TRADE 12/12/02 VALUE 11/20/03 Nov 20 Fwd FX Ctrct 38,025,000 SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL USD CONTRACT RATE : 7.611381700 TRADE 12/11/02 VALUE 11/20/03 Nov 20 Fwd FX Ctrct - 72,625,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NOK CONTRACT RATE : 7.268594300 TRADE 4/24/03 VALUE 11/20/03 Nov 20 Fwd FX Ctrct - 71,800,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NOK CONTRACT RATE : 7.186025000 TRADE 1/15/03 VALUE 11/20/03 Amount USD - 9,954,138.69 - 4,995,807.81 - 4,881,328.24 - 4,995,807.81 - 4,995,807.81 9,991,615.61 9,991,615.61 EFTA01553290 11 Settlement Date JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 52 of 61 U S Dollar Activity by Date Type continued Quantity Description Nov 20 Fwd FX Ctrct 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.604193000 TRADE 10/27/03 VALUE 11/20/03 Nov 20 Fwd FX Ctrct 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.168519500 TRADE 10/09/03 VALUE 11/20/03 Nov 20 Spot FX - 75,098,220 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NOK SPOT RATE : 6.979852200 TRADE 11/17/03 VALUE 11/20/03 U S DOLLAR NORWEGIAN KRONE Nov 20 Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.628572500 TRADE 11/17/03 VALUE 11/20/03 N ZEALAND DOLLAR U S DOLLAR Nov 20 Buy-Back Opt 17,777,777.77 NZD PUT USD CALL FX EUROPEAN STYLE OPTION FEB 25, 2004 @ .5625 KNOCK IN @ .54 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 11/18/03 - 6,285,725.38 Amount USD - 6,041,929.96 - 5,842,597.23 10,759,285.16 - 15,000.00 EFTA01553291 11 Settlement Date JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 53 of 61 U S Dollar Activity by Date Type continued Quantity Description Nov 20 Buy-Back Opt 38,250,000 NOK PUT USD CALL FX EUROPEAN STYLE OPTION MAR 03, 2004 @ 7.65 KNOCK IN @ 7.80 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 11/18/03 Nov 20 Purchase Nov 20 Fwd FX Ctrct 3,360,134.98 73,135,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL USD CONTRACT RATE : 7.611381700 TRADE 12/11/02 VALUE 11/20/03 Nov 20 Fwd FX Ctrct 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL USD CONTRACT RATE : 1.608850000 TRADE 7/25/03 VALUE 11/20/03 Nov 21 Spot FX 3,000,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.699800000 TRADE 11/19/03 VALUE 11/21/03 POUND STERLING U S DOLLAR Nov 21 Spot FX 56,250,000 SPOT CURRENCY TRANSACTION - BUY BUY MXN SELL USD SPOT RATE : 11.250000000 TRADE 11/19/03 VALUE 11/21/03 MEXICAN NEW PESO U S DOLLAR - 3,360,134.98 - 9,608,636.52 Amount USD - 15,000.00 - 16,088,499.46 - 5,099,400.00 - 5,000,000.00 EFTA01553292 11 Settlement Date JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 54 of 61 U S Dollar Activity by Date Type continued Quantity Description Nov 21 Purchase Opt 330,578.51 EUR CALL USD PUT FX EUROPEAN STYLE OPTION DEC 01, 2003 @ 1.21 EUR BINARY ONE-TOUCH PURCHASED FX OPTION CALL PUT 330,578.51 EUR 400,000.00 USD Nov 21 write Option - 3,255,000,000 TRADE DATE 11/19/03 HUF PUT USD CALL FX EUROPEAN STYLE OPTION MAY 19, 2004 @ 217 KNOCK IN @ 225 KNOCK OUT @ 213 WRITTEN FX OPTION PUT 3,255,000,000.00 HUF CALL 15,000,000.00 USD TRADE DATE 11/19/03 Nov 21 Sale Nov 21 Spot FX - 9,985,900 217,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 217.000000000 TRADE 11/19/03 VALUE 11/21/03 HUNGARIAN FORINT U S DOLLAR Nov 21 Spot FX - 217,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL HUF SPOT RATE : 217.000000000 TRADE 11/20/03 VALUE 11/21/03 U S DOLLAR HUNGARIAN FORINT 9,985,900.00 - 1,000,000.00 337,500.00 Amount USD - 224,000.00 1,000,000.00 EFTA01553293 11 Settlement Date JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 55 of 61 U S Dollar Activity by Date Type continued Quantity Description Nov 24 Spot FX 866,000,000 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 216.500000000 TRADE 11/20/03 VALUE 11/24/03 HUNGARIAN FORINT U S DOLLAR Nov 24 Spot FX 217,000,000 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 217.000000000 TRADE 11/20/03 VALUE 11/24/03 HUNGARIAN FORINT U S DOLLAR Nov 24 Sale Nov 24 Spot FX - 5,000,000 217,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 217.000000000 TRADE 11/21/03 VALUE 11/24/03 HUNGARIAN FORINT U S DOLLAR Nov 24 Spot FX - 217,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL HUF SPOT RATE : 217.000000000 TRADE 11/21/03 VALUE 11/24/03 U S DOLLAR HUNGARIAN FORINT Amount USD - 4,000,000.00 - 1,000,000.00 5,000,000.00 - 1,000,000.00 1,000,000.00 EFTA01553294 11 Settlement Date JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 56 of 61 U S Dollar Activity by Date Type continued Quantity Description Nov 25 Spot FX 217,000,000 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 217.000000000 TRADE 11/21/03 VALUE 11/25/03 HUNGARIAN FORINT U S DOLLAR Nov 25 Spot FX - 217,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL HUF SPOT RATE : 217.000000000 TRADE 11/21/03 VALUE 11/25/03 U S DOLLAR HUNGARIAN FORINT Nov 25 Spot FX 651,000,000 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 217.000000000 TRADE 11/21/03 VALUE 11/25/03 HUNGARIAN FORINT U S DOLLAR Nov 25 Spot FX - 651,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL HUF SPOT RATE : 217.000000000 TRADE 11/21/03 VALUE 11/25/03 U S DOLLAR Nov 26 Buy-Back Opt 34,482,758.62 HUNGARIAN FORINT NZD PUT USD CALL FX EUROPEAN STYLE OPTION FEB 25, 2004 @ .58 KNOCK IN @ .57 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 11/24/03 - 3,000,000.00 Amount USD - 1,000,000.00 1,000,000.00 3,000,000.00 - 40,000.00 EFTA01553295 11 Settlement Date JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 57 of 61 U S Dollar Activity by Date Type continued Quantity Description Nov 26 Sale Nov 26 Spot FX - 295,885.05 21,300,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - BUY BUY ZAR SELL USD SPOT RATE : 6.542000000 TRADE 11/25/03 VALUE 11/26/03 S AFRICAN RAND U S DOLLAR Nov 26 FX Opt Asgn'D - 21,300,000 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION SELL ZAR BUY USD TRADE 11/24/03 VALUE 11/26/03 Nov 26 FX Option Assignment 21,300,000 ZAR CALL USD PUT FX EUROPEAN STYLE OPTION NOV 24, 2003 8 7.1 WRITTEN FX OPTION ASSIGNED CALL 3,000,000.00 USD PUT 21,300,000.00 ZAR TRADE DATE 11/24/03 Amount USD 295,885.05 - 3,255,885.05 3,000,000.00 EFTA01553296 11 JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 58 of 61 In Case of Errors or Questions About Your Electronic Transfers. Contact yourMorgan Teamat one ofthe telephonenumbers on the front of this statement or write us at 5 00 Stanton ChristianaRoad, 1/OPS, Newark,DE19713-2107 as soon as you can, if you think yourstatement is wrong or if you needmore information about a transfer on the statement. We must hearfrom you no laterthan 60 days afterwe sent you the FIRSTstatement on w hich the erroror problem appeared. (1) Tellus yourname and account number. (2) Describethe erroror t he transferyou are unsure about, and explainas clearly as you can why you believe it is in erroror why you need more information. (3) tell us the dollaramount of the suspected error. Ifyou contact us orally, you must send us your complaint or question in wri ting within 10 business days in order to preserveyour rights. We will investigateyourcomplaint and will correct any errorpromptly. Ifwe take more than 10 business days to do this (20 days for purchases using yourdebit card or for internationaltransactions),we will credi t youraccount for the amount you think is in error, so that you will have the use ofmoneyduring the time it takes us to complete our investigation. In case of errors or questions about your statement, including your line of credit. If you think that your statement is incorrect or if you need more information about a transaction on your statement including a line of credit transaction, you must write to us on a separate sheet des cribing the error and send it to: JPMorgan, Private Bank, 500 Stanton Christiana Road, 1/OPS3, Newark, DE 19713-2107. We must hear from you no 1 ater than 60 days after the statement on which the error or problem appeared is sent. You can contac t your client service specialist but doing so will not preserve your rights. In your letter, please provide the following information: (1) your name and account number; (2) the dollar amount of the suspected error; and (3) a description of the error and explanation, if you can , why you believe there is an error. If you need more information, you must describe the item you are unsure about. The JPMorgan Funds or The JPMorgan Institutional Funds or The American Century Funds J.P.Morgan Funds Distributor, Inc. is the distributor of the J.P.Morgan Funds and American Centuryln vestmentServiceslnc. is the distributor of the AmericanCenturyFunds. JPMorgan InvestmentManagementIn c. and American CenturylnvestmentManagementserve as investment advisors to theirrespectivefund families. Sharesofthe funds are not bankdeposits and are not guaranteedby anybank, governmententity, or the FDIC. Returnand share price will fluctuate and re demption valuemaybe more or less than originalcost. While the moneymarketfunds seekto maintain a stable net asset valueof$1.00 pershare, there is no assurancethat they will continue to do so. The estimatedannualincome and dividendyieldfigures for mutual funds re presentthe funds' most recentincome dividendannualized. If you have chosen one of the sweep mutual funds, you are notified that positions in the Prime Money Market Sweep Fund represent holdings in the JPMorgan Prime Money Market Fund; positions in the Fede ral Money Market Sweep Fund represent holdings in the JPMorgan Federal Money Market Fund; and positions in the Tax Exempt Money Market Sweep Fund represent holdings in the JPMorgan Tax Exempt Money Market Fund. JPMSI is the custodian of listed options and all mutual funds purchasedthrough JPMSI excludingJPMorg an and AmericanCenturyfunds. JPMSI is a memberof the Securities InvestorProtection Corporation (SIPC),a not-for-profit membership corporation funded by broker-dealersregisteredwith the Securities and ExchangeCommission. SIPC prot ects securities and cash held for a customer account at JPMSI up to $500,000, which includes up to $100,000 of protection for cash. The balance of the account pro tection, which is referredto as excess SIPC, includes up to an additional $900,000 of protection for cash and $49,500,000 for any one customer. This excess SIPC coverageis limited to an aggregatedamount of$250,000,000 by a suretybond issued by a majorcommercial insurance carrier. Assets held in custody byJPMCB are not subject to SIPCcoverage. JPMorgan Private Bank is the marketing name for the private banking business conducted by J.P.Morgan Chase & Co. through its subsidiaries worldwide, including JPMorgan Chase Bank, J.P. Morgan Trust Co mpany, N.A. and J.P. Morgan Securities Inc. EFTA01553297 11 J.P. Morgan Securities Inc. 2003 Account Number: 161121381 FINANCIAL TRUST COMPANY INC 270 Park Avenue, New York, NY 10017 Margin Account Portfolio November 01, 2003 - November 30, 2003 Page 59 of 61 Margin Account Portfolio November 1 - November 30, 2003 Table of Contents Portfolio Summary Account Officers Service Specialist: D'ORAZIO/HORNBEC Page 60 All positions in this Margin Account Portfolio are held in custody at J.P. Morgan Securities Inc. (mJPMSI"). Member SIPC. EFTA01553298 11 J.P. Morgan Securities Inc. 2003 Account Number: 161121381 FINANCIAL TRUST COMPANY INC 270 Park Avenue, New York, NY 10017 Margin Account Portfolio November 01, 2003 - November 30, 2003 Page 60 of 61 Overview Portfolio Summary IMPORTANT INFORMATION ABOUT YOUR STATEMENT Contact your client service specialist if you think your statement is incorrect or you require addit ional information about a transaction on your statement. Market Value USD Total Nov 30 0.00 Estimated Annual Income USD JPMSI is a memberof the Securities InvestorProtection Corporation (SIPC),a not-for-profit membership corporation funded by broker-dealersregisteredwith the Securities and ExchangeCommission. SIPC prot ects securities and cash held for a customer account at JPMSI up to $500,000, which includes up to $100,000 of protection for cash. The balance of the account pro tection, which is referredto as excess SIPC, includes up to an additional $900,000 of protection for cash and $49,500,000 for any one customer. This excess SIPC coverageis limited to an aggregatedamount of$250,000,000 by a suretybond issued by a majorcommercial insurance carrier. Assets held in custody byJPMCB are not subject to SIPCcoverage. EFTA01553299 11 J.P. Morgan Securities Inc. 2003 Account Number: 161121381 FINANCIAL TRUST COMPANY INC 270 Park Avenue, New York, NY 10017 Margin Account Portfolio November 01, 2003 - November 30, 2003 Page 61 of 61 IMPORTANT INFORMATION ABOUT YOUR JPMSI MARGIN ACCOUNT If there are any errors or omissions on this statement, or if you have any questions about it, pleas e contact your JPMSI Account Representative or JPMSI Compliance Department at Please keep the following in mind when using this statement to track your JPMSI brokerage activity: This statement combines your general margin account with the special memorandum account required by Section 220.6 Regulation T. As required by Regulation T, a permanent record of your separate account is available upon your requ est. Important Information about pricing and Valuations. Prices, some of which are provided by pricing services or other sources which we deem reliable, are not guaranteed for accuracy or as realizable values Free credit balances in your account are not segregated and may be used in the operation of JPMSIs b usiness, subject to the limitations of SEC Rule 15c3-3. Unless otherwise instructed, JPMSI or its ag ents and depositories will hold your securities. Upon your demand, JPMSI will pay to you the amount of your free credit balance, and will deliver to you f ully-paid securities held on your behalf. Interest will be charged on any debit balance; the method of calculating interest is described in a letter sent to all margin customers. Upon written request, JPMSI will supply you with our most recen t statement required to be furnished to customers under SEC Rule 17a-5(c). If a partial call is made with respect to an issue of securities included in your Margin Account we will allocate the call by a method we deem fair and equitable. You should have received separate JPMSI trade confirmations for each securities transaction. All tra nsactions are subject to the terms and conditions stated on the reverse side of such confirmations a nd are subject to the constitution, by-laws, customs and interpretations of the marketplace where executed and governed by and construed in accordance wi th the laws of the state of New York and all applicable federal laws and regulations. You must promptly advise JPMSI of material changes in your investment objectives or financial situat ion. Unless you inform JPMSI otherwise, JPMSI will consider the information currently in its files t o be complete and accurate. JPMSI is required by law to report to the Internal Revenue Service all dividends and/or interest inc ome on bonds credited to your account during calendar year. Please retain all your statements to ass ist you in preparing your income tax returns. A financial statement of JPMSI is available for your personal inspection at its offices, or a copy o f it will be mailed upon your written request. JPMSI is not a bank and is a separate legal entity from its bank or thrift affiliates, including JPM CB. The securities sold, offered or recommended by JPMSI: (1) Are not insured by the Federal Deposit Insurance Corporation, or any other governmental agency; (2) Are not deposits or other obligations of JPMSI's bank or thrift affiliates (unless otherwise ind lasted), and are not guaranteed by or the responsibility of any such affiliates(unless explicitly st ated otherwise); and (3) Involve investment risks, including possible loss of the principal invested. JPMSI's banking affiliates may be lenders to issuers of securities that JPMSI underwrites, in which case proceeds of offerings underwritten by JPMSI may be used for the repayment of such loans, and yo u should refer to the disclosure documents relating to particular securities for discussion of any such lending relationships. The Federal Reserve requires that JPMSI obtain your consent before it can obtain certain information from its bank or thrift affiliates, including their credit evaluation of you. We will assume that y our continuing to transact business with JPMSI will constitute your consent to the sharing of such information by JPMSI and its bank or thrift affiliate s, to the extent permitted by law. JPMorgan Private Bank is the marketing name for the private banking business conducted by J.P. Morga n Chase a Co. through its subsidiaries worldwide, including JPMCB and JPMSI. EFTA01553300

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