EFTA01554243

09 2004 Confidential FINANCIAL TRUST COMPANY INC Page 1 of 62 Important JPMorgan Chase & Co. and Bank One Corporation merger news - The merger of the lead banks JPMorgan Chase Bank, New York, New York and Bank One, N.A., Chicago, Illinois, as well as Bank One, N.A., Columbus, Ohio is scheduled for November 13, 2004. The post merger lead bank will be called JPMorgan Chase Bank, N.A. US$ cash balances in your account that have been booked with JPMorgan Chase Bank may instead be booked with Chase Manhattan Bank USA , N.A., another wholly owned banking subsidiary of JPMorgan Chase & Co. that is also FDIC insured. This change will not impact your current mutual fund sweep selection. All products and services related to your account will otherwise remain unchanged. Gift Processing The holiday season will soon be here. If you plan to make securities gifts this year, please notify us before December 1, 2004 to allow sufficient time to process your request and meet the year-end deadline. J.P. Morgan Portfolios September 1 - September 30, 2004 Table of Contents Page Account Summary Asset Account Portfolio Margin Account Portfolio 66 JPMCB JPMSI 2 3 60 000000.0000.00.0000.000.000000000.000000 FINANCIAL TRUST COMPANY INC ATTN: JEFFREY E EPSTEIN C/O AMERICAN YACHT HARBOR 6100 RED HOOK, QUARTERS #B3 ST THOMAS 00802 US VIRGIN ISLDS EFTA01554243 09 2004 Portfolio Summary FINANCIAL TRUST COMPANY INC September 01, 2004 - September 30, 2004 Page 2 of 62 Portfolio Summary Net Worth Summary Asset Portfolio USD Q 30171-00-5 Assets(Long) Cash & Short Term Equities Other Options Liabilities (Short) Other Options Total FX Gain/Loss Accrued Income Total Net Worth Income Summary Dividends Total 88,671,204.41 70,191,274.76 13,835,801.46 4,015,994.95 628,133.24 - 5,653,385.54 - 3,218,206.91 - 2,435,178.63 83,017,818.87 790,737.21 82,530.99 83,891,087.07 Margin Portfolio USD 161121381 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -00 0.00 0.00 88,671,204.41 70,191,274.76 13,835,801.46 4,015,994.95 628,133.24 - 5,653,385.54 - 3,218,206.91 - 2,435,178.63 83,017,818.87 790,737.21 EFTA01554244 82,530.99 83,891,087.07 This Period 75,137.53 75,137.53 Year to Date 386,075.34 386,075.34 JPMorgan provides this Portfolio Summary for informational purposes. This summar y includes information 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 guar anteed by JPMCB or any of its bank of thrift affiliates (unless otherwise indicated), and are subject to investment risks, including pos sible loss of the principal amount invested. Assets held in custody by JPMCB are not protected under the Securities Investor Protection Corporation ("SIPC") insurance. Total USD EFTA01554245 09 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 3 of 62 Asset Account Portfolio September 1 - September 30, 2004 Table of Contents Portfolio Summary Cash and Short Term Equities Equity Research Ratings Other Options Outstanding Foreign Exchange Contracts Trade Activity Account Transactions Account Officers D'0RAZIO/HORNAK Page 4 6 7 8 9 11 16 20 27 EFTA01554246 09 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 4 of 62 Overview Current 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 sta tement 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 (u nless otherwise indicated). Such securities and other investments are subject to inves tment 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 83% Cash and Short Term 16% Equities 1% Other Cash & Short Term Equities Other Options Total Foreign Exchange Accrued Income Total Portfolio Value Market Value USD Sep 30 70,191,274.76 13,835,801.46 797,788.04 - 1,807,045.39 83,017,818.87 790,737.21 82,530.99 83,891,087.07 Income Summary Dividends Total Net Gain/Loss Summary Net Short Term Gain/Loss Total Prior Period Market Value USD Aug 31 67,780,116.59 11,982,860.70 4,650,664.48 - 1,962,284.22 82,451,357.55 986,668.09 75,137.53 EFTA01554247 83,513,163.17 This Period USD 75,137.53 75,137.53 Year to Date USD* 386,075.34 386,075.34 Tax Cost USD 70,191,274.76 8,003,201.28 - 995,538.14 77,198,937.90 Estimated Annual Income USD 1,101,301.09 Yield 1.6 0.0 0.0 1,101,301.09 N/A N/A 1.3 Realized This Period USD Realized Year to Date USD* 1,482,001.78 1,482,001.78 *Year to date information is calculated on a calendar year basis. Exchange Rates Spot Rates as of September 30, 2004 Market value of Options is not included in pie chart. Currency AUD CHF EUR Exchange Rate 0.7243 1.2487 1.2420 8,699,879.75 8,699,879.75 Unrealized USD - 782,718.63 - 782,718.63 EFTA01554248 09 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 5 of 62 Exchange Rates Spot Rates as of September 30, 2004 Currency GBP JPY MXN NZD THB TWD ZAR Exchange Rate 1.8096 110.2150 11.4025 0.6758 41.4250 33.9700 6.4750 EFTA01554249 09 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 6 of 62 Cash and Short Term Summary by Maturity Current Market Value USD Adjusted Cash Balance Total 70,191,274.76 70,191,274.76 Estimated Annual Income USD 1,101,301.09 1,101,301.09 Current yield is displayed for instruments with no maturity and YTM on market is displayed for instruments 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: 1.56% POUND STERLING PROCEEDS FROM PENDING SALES Adjusted Cash Balance USD 69,945,794.51 1.00 1.00 69,945,794.51 69,945,794.51 82,530.99 GBP USD 0.14 245,480 1.785714 1.00 0.25 1.00 245,480.00 70,191,274.76 0.25 245,480.00 70,191,274.76 82,530.99 3,851.58 1,097,449.51 1.57 Currency/ Unit Cost Adjusted Account Type Quantity Original EFTA01554250 Market Price Tax Cost Adjusted Original Market Value USD Accrued Interest USD Unrealized Gain/Loss USD Estimated Current Annual Yield/ Income USD YTM % Current N/A 1.57 1,101,301.09 1.57 EFTA01554251 09 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 7 of 62 Equities Independent, third party research selected by an Independent Consultant for cert ain companies covered by JPMorgan Securities, Inc. is available to clients of JPMSI at no cost. Clients can access this research at www.privateclient.jpmorgan.com or can call their JPMorgan representative at thei r toll free number to request that a copy of this research be sent to them. When JPMorgan drops coverage of a company , independent research will continue to be provided for an 18-month period, when available. Refer to Equity Research Ratings section for research ratings on client holdings, if applicable. Note: C indicates Equity covered by JPMSI. Equity Holdings in Alphabetical Order Description Cusip/Symbol Currency/ Account Type Quantity Unit Cost Current Market Price Tax Cost Current Market Value USD USD Accrued Dividends USD Unrealized Gain/Loss USD Annual Dividend Income USD Yield % Estimated C TOO INC 890333-10-7 TOO 765,678 are liened USD Total Equity 765,678 765,678 18.07 13,835,801.46 13,835,801.46 N/A 0.00 N/A 0.0 EFTA01554252 09 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 8 of 62 Equity Research Ratings Independent, third party research is available for 18 months after JPMorgan Secu rities, Inc. terminates coverage. Clients can access this research at www.privateclient.jpmorgan.com or can call their JPM organ representative at their toll free number to request that a copy of this research be sent to them. Equity Research Ratings for any company where JPMSI has terminated coverage are excluded below. For explanation of JPMSI ratings, se e disclaimer section at end of statement. For third party ratings systems, see specific third party research at www.privateclient.jpmorgan.com. Equity Holdings in Alphabetical Order Description/Ticker TOO INC T00 Ratings JPMSI: NEUTRAL MRNGSTAR: 1 star Providers: BOE SECU = BOE Securities; MRNGSTAR = Morningstar; REN CAP = Renaissa nce Capital EFTA01554253 09 Other Swaps in Alphabetical Order Description WALT DISNEY CO EQUITY SWAP 24,954,900 USD NOTIONAL JAN 19 2005 DEAL REF # 2353480 SWPBDA-FL-1 N/O Client WALT DISNEY CO TOTAL RETURN SWAP 11,920,650 USD NOTIONAL FEB 14 2005 DEAL REF # 2361214 SWPBDA-FV-9 N/O Client INTEREST RATE SWAP 1,000,000,000JPY NOTIONAL SEP 7 2014 REC FLOATING JPY 3 MONTH LIBOR PAY FIXED RATE 1.577% JPY QUARTERLY ACTUAL/360 SWPBDA-JL-7 N/O Client - 89,781.00 - 700,337.50 Trade Date Maturity Date Estimated Value USD - 2,428,088.41 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 9 of 62 EFTA01554254 09 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 10 of 62 Structured Investments in Alphabetical Order Description P 6 MONTH CHF LINKED STRUCTURE 100% PRINCIPAL PROTECTED IN CHF JPMORGAN LONDON 12/6/2004 638998-9A-4 Bearer Total Other Market Value USD Unrealized Estimated Annual Currency CHF Quantity 10,000,000 Unit Cost 100.00 Price/Unit 100.2953 Tax Cost 8,003,201.28 Accrued Income USD Gain/Loss USD 4,015,994.95 - 3,987,206.33 Income USD Yield % N/A 5,000,000 8,003,201.28 797,788.04 28,788.62 EFTA01554255 09 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 11 of 62 Options Option Holdings in Alphabetical Order Other Description Cusip WTI SHORT CALL OPTION USD PUT OPTION STRIKE 50 EXPIRING 12/15/2004 Underlying Asset Price $0.00 OTCBDC-PV-J WTI SHORT CALL OPTION USD PUT OPTION STRIKE 50 EXPIRING 12/15/2004 Underlying Asset Price = $0.00 OTCBDC-PV-L WTI LONG PUT OPTION USD CALL OPTION STRIKE 44 EXPIRING 12/15/2004 Underlying Asset Price = $0.00 OTCBDP-BB-U WTI LONG PUT OPTION USD CALL OPTION STRIKE 44 EXPIRING 12/15/2004 Underlying Asset Price = $0.00 OTCBDP-BB-V Total Other Currency/ Account Type Quantity Unit Cost Current Market Price/Unit Premium USD Current Market Value USD Unrealized Gain/Loss USD USD - 250 210,000.00 1.00 - 525,000.00 - 685,509.00 - 160,509.00 USD - 100 192,000.00 1.00 - 192,000.00 - 274,204.00 - 82,204.00 USD 250 218,000.00 1.00 545,000.00 EFTA01554256 359,164.00 - 185,836.00 USD 100 180,000.00 1.00 180,000.00 143,666.00 - 36,334.00 700 8,000.00 - 456,883.00 - 464,883.00 EFTA01554257 09 Cusip JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 12 of 62 Foreign Exchange Description Counter Amount Currency Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EUR PUT USD CALL FX EUROPEAN STYLE OPTION DEC 06, 2004 @ 1.1 XEURPA-OP-Z AUD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .69 KNOCK IN TRIGGERED @ .7250 KNOCK OUT @ .65 XAUDCA-CD-Z EUR CALL CHF PUT FX EUROPEAN STYLE OPTION FEB 09, 2005 @ 1.5395 KNOCK IN TRIGGERED @ 1.5525 KNOCK OUT @ 1.5045 XEURCA-XL-Z EUR PUT USD CALL FX EUROPEAN STYLE OPTION FEB 10, 2005 @ 1.22 KNOCK IN @ 1.195 XEURPA-PD-Z JPY PUT USD CALL FX EUROPEAN STYLE OPTION FEB 09, 2005 @ 115. XJPYPA-KB-Z GBP PUT USD CALL FX EUROPEAN STYLE OPTION MAR 07, 2005 @ 1.77 KNOCK IN @ 1.775 KNOCK OUT @ 1.84 XGBPPA-HO-Z GBP - 7,000,000 USD - 12,390,000.00 USD - 329,574.00 - 329,574.00 - 142,452.59 187,121.41 JPY 2,300,000,000 USD 20,000,000.00 USD 190,000.00 EFTA01554258 190,000.00 96,163.00 - 93,837.00 EUR - 22,000,000 USD - 26,840,000.00 USD - 665,632.00 - 665,632.00 - 418,341.88 247,290.12 EUR - 23,000,000 CHF - 35,408,500.00 USD - 169,326.00 - 169,326.00 - 204,660.44 - 35,334.44 AUD - 5,000,000 USD - 3,450,000.00 USD - 62,445.00 - 62,445.00 - 168,866.75 - 106,421.75 EUR 20,000,000 USD 22,000,000.00 USD 96,800.00 96,800.00 555.60 - 96,244.40 EFTA01554259 09 Cusip JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 13 of 62 Foreign Exchange Description GBP PUT USD CALL FX EUROPEAN STYLE OPTION MAR 07, 2005 @ 1.77 KNOCK IN @ 1.775 KNOCK OUT @ 1.84 XGBPPA-HP-Z P ZAR CALL USD PUT FX EUROPEAN STYLE OPTION OCT 14, 2004 @ 6.45 XZARCA-AK-Z P AUD PUT USD CALL FX EUROPEAN STYLE OPTION APR 01, 2005 @ .715 KNOCK IN TRIGGERED @ .7193 BARRIER EXP 10/7/2004 XAUDPA-DX-Z P NZD PUT USD CALL FX EUROPEAN STYLE OPTION MAR 31, 2005 @ .665 KNOCK IN TRIGGERED @ .67 BARRIER EXP 10/7/2004 XNZDPA-EH-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 EUR 10,000,000 USD 13,000,000.00 USD 56,447.00 56,447.00 9,811.40 - 46,635.60 NZD - 10,000,000 USD - 6,650,000.00 USD - 99,750.00 - 99,750.00 0.00 99,750.00 AUD - 20,000,000 USD - 14,300,000.00 USD - 215,930.00 - 215,930.00 0.00 215,930.00 ZAR - 41,925,000 USD - 6,500,000.00 USD - 58,500.00 - 58,500.00 - 110,570.48 - 52,070.48 Counter Amount Currency EFTA01554260 continued GBP - 7,000,000 USD - 12,390,000.00 USD - 324,618.00 - 324,618.00 - 142,452.59 182,165.41 Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01554261 09 Cusip JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 14 of 62 Foreign Exchange Description AUD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 11, 2004 @ .7775 KNOCK IN TRIGGERED @ .7565 KNOCK OUT @ .8020 XAUDPA-CQ-Z AUD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .77 KNOCK IN TRIGGERED @ .755 KNOCK OUT @ .7965 XAUDPA-DH-Z THB CALL USD PUT FX EUROPEAN STYLE OPTION FEB 23, 2005 @ 36. XTHBCA-AC-Z THB CALL USD PUT FX EUROPEAN STYLE OPTION FEB 23, 2005 @ 38. XTHBCA-AB-Z TWD CALL USD PUT FX EUROPEAN STYLE OPTION MAR 01, 2005 @ 32.75 XTWDCA-AB-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. - 1,003,538.14 - 1,350,162.39 - 346,624.25 TWD 327,500,000 USD 10,000,000.00 USD 196,000.00 196,000.00 18,231.93 - 177,768.07 THB 351,500,000 USD 9,250,000.00 USD 108,225.00 108,225.00 541.31 - 107,683.69 THB 2,700,000,000 USD 75,000,000.00 USD 405,000.00 405,000.00 0.00 - 405,000.00 AUD - 1,500,000 USD - 1,155,000.00 USD EFTA01554262 - 23,561.94 - 23,561.94 - 74,303.22 - 50,741.28 Counter Amount Currency continued AUD - 4,000,000 USD - 3,110,000.00 USD - 106,673.20 - 106,673.20 - 213,817.68 - 107,144.48 Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01554263 09 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 15 of 62 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 deriva tives-related deposit products, have been prepared on a mid-market basis. These valuations are indicative values as of the close of business of the date of this statement and, except as otherwise agreed in writing, these valuations do not represent th e actual terms at which transactions or securities could be bought or sold or ne w transactions could be entered into, or the actual terms on which existing tran sactions or securities could be liquidated as of the date of this statement. We do not warra nt their completeness or accuracy. These valuations are derived from proprietary models based upon well recognized financial principles and we have, when necess ary to calculate the present value of future cash flows, made reasonable estimates abou t relevant future market conditions. Valuations based on other models or differe nt assumptions may yield different results. Morgan expressly disclaims any respo nsibility for (1) the accuracy of the models or estimates used in deriving the valuations, (2) any errors or omissions in computing or disseminating the valuations, and 3) any uses to which the valuations are put. Valuations are provided for informa tion purposes only and are intended solely for your own use. Please refer to the trad e confirmation for details of each transaction. EFTA01554264 09 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 16 of 62 Outstanding Foreign Exchange Contracts Net Currency Exposure Summary Australia Dollar Swiss Franc Euro Currency Pound Sterling Japanese Yen Mexican New Peso N Zealand Dollar U S Dollar S African Rand Value in Currency 17,500,000.00 2,675,790.76 5,000,000.00 10,000,000.00 - 2,534,800,000.00 57,307,500.00 17,500,000.00 - 34,010,744.75 12,924,600.00 Gain/Loss Summary Total Unrealized Closed Value in USD Total Unrealized Open Total Unrealized Gain/Loss 934,207.04 - 143,469.83 790,737.21 Foreign Exchange Contracts Settlement Date Trade Date SPECULATIVE AUSTRALIA DOLLAR - U S DOLLAR Apr. 16 04 Oct. 20 04 AUD Apr. 23 04 Oct. 20 04 AUD Sep. 10 04 Oct. 20 04 AUD Sep. 30 04 Oct. 20 04 AUD Total Open SWISS FRANC Sep. 10 04 Oct. 20 04 CHF 10,000,000.00 USD 3,000,000.00 USD - 13,000,000.00 USD 17,500,000.00 USD 17,500,000.00 - EURO CURRENCY 7,687,000.00 EUR - 5,000,000.00 1.5374 1.54953 6,160,442.85 6,209,049.83 EFTA01554265 - 48,606.98 - 7,289,000.00 - 2,148,600.00 8,947,900.00 - 12,622,750.00 - 13,112,450.00 0.7289 0.7162 0.6883 0.7213 0.722903 0.722903 0.722903 0.722903 7,229,031.98 2,168,709.59 8,947,900.00 12,650,805.96 30,996,447.53 7,289,000.00 2,148,600.00 9,397,741.57 12,622,750.00 31,458,091.57 - 59,968.02 20,109.59 - 449,841.57 28,055.96 - 461,644.04 Currency Amount Counter Currency Counter Amount Contract Rate Current Market Forward Rate Market Value Receivables USD Market Value Payables USD Unrealized Gain/Loss USD EFTA01554266 09 Trade Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 17 of 62 Foreign Exchange Contracts Settlement Date Currency EURO CURRENCY - JAPANESE YEN Total Closed Sep. 23 04 Oct. 20 04 EUR Sep. 27 04 Oct. 20 04 EUR EURO CURRENCY - U S DOLLAR Sep. 30 04 Oct. 4 04 EUR Sep. 30 04 Oct. 4 04 EUR Sep. 30 04 Oct. 4 04 EUR Sep. 30 04 Oct. 4 04 EUR Total Closed Apr. 16 04 Oct. 20 04 EUR Apr. 23 04 Oct. 20 04 EUR May. 3 04 Oct. 20 04 EUR May. 11 04 Oct. 20 04 EUR May. 17 04 Oct. 20 04 EUR Sep. 30 04 Oct. 20 04 EUR Total Open Total continued Amount Counter Currency Counter Amount Contract Rate Current Market Forward Rate Market Value Receivables USD Market Value Payables USD Unrealized Gain/Loss USD 5,000,000.00 JPY - 5,000,000.00 JPY 0.00 - 679,650,000.00 683,100,000.00 3,450,000.00 - 10,000,000.00 USD 10,000,000.00 USD 10,000,000.00 USD - 10,000,000.00 USD 0.00 10,000,000.00 USD 3,000,000.00 USD - 10,000,000.00 USD - 1,500,000.00 USD - 1,500,000.00 USD EFTA01554267 10,000,000.00 USD 10,000,000.00 10,000,000.00 POUND STERLING - JAPANESE YEN Sep. 10 04 Oct. 20 04 GBP Sep. 22 04 Oct. 20 04 GBP Sep. 23 04 Oct. 20 04 GBP Sep. 27 04 Oct. 20 04 GBP Total Open 5,000,000.00 JPY - 5,000,000.00 JPY 15,000,000.00 JPY - 5,000,000.00 JPY 10,000,000.00 POUND STERLING - U S DOLLAR Apr. 16 04 Oct. 20 04 GBP Apr. 23 04 Oct. 20 04 GBP 10,000,000.00 USD 3,000,000.00 USD 12,428,000.00 - 12,418,000.00 - 12,402,000.00 12,423,000.00 31,000.00 - 11,971,000.00 - 3,536,700.00 11,883,000.00 1,766,100.00 1,796,100.00 - 12,423,000.00 - 12,485,500.00 - 12,454,500.00 - 980,350,000.00 986,700,000.00 - 2,978,100,000.00 1,003,550,000.00 -1,968,200,000.00 - 17,725,000.00 - 5,232,300.00 135.93 136.62 136.724499 136.724499 6,209,049.83 6,204,304.25 12,413,354.08 1.2428 1.2418 1.2402 1.2423 1.1971 1.1789 1.1883 1.1774 1.1974 1.2423 0.804635 0.805283 0.806322 0.804959 0.805276 0.805276 0.805276 EFTA01554268 0.805276 0.805276 0.805276 12,428,000.00 12,418,000.00 12,402,000.00 12,423,000.00 49,671,000.00 12,418,099.67 3,725,429.90 11,883,000.00 1,766,100.00 1,796,100.00 12,418,099.67 44,006,829.24 93,677,829.24 196.07 197.34 198.54 200.71 198.904406 198.904406 198.904406 198.904406 9,032,816.95 8,961,772.80 27,098,450.85 9,114,814.12 54,207,854.72 1.7725 1.7441 1.806563 1.806563 18,065,633.90 5,419,690.17 6,172,969.38 6,209,049.83 12,382,019.21 12,428,000.00 12,418,000.00 12,402,000.00 12,423,000.00 49,671,000.00 11,971,000.00 3,536,700.00 12,418,099.67 1,862,714.95 1,862,714.95 12,423,000.00 44,074,229.57 93,745,229.57 8,904,098.47 9,032,816.95 27,048,804.69 9,032,816.95 54,018,537.06 17,725,000.00 5,232,300.00 36,080.45 - 4,745.58 31,334.87 0.00 0.00 EFTA01554269 0.00 0.00 0.00 447,099.67 188,729.90 - 535,099.67 - 96,614.95 - 66,614.95 - 4,900.33 - 67,400.33 - 67,400.33 128,718.48 - 71,044.15 49,646.16 81,997.17 189,317.66 340,633.90 187,390.17 EFTA01554270 09 Trade Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 18 of 62 Foreign Exchange Contracts Settlement Date Currency Sep. 10 04 Oct 20 04 GBP Sep. 21 04 Oct 20 04 GBP Sep. 21 04 Oct 20 04 GBP Total Closed continued Amount Counter Currency - 3,000,000.00 USD - 5,000,000.00 USD - 5,000,000.00 USD 0.00 HUNGARIAN FORINT - U S DOLLAR Apr. 27 04 Oct. 20 04 HUF Apr. 28 04 Oct 20 04 HUF Sep. 10 04 Oct 20 04 HUF Total Closed JAPANESE YEN Apr. 16 04 Oct. 20 04 JPY May. 25 04 Oct. 20 04 JPY Sep. 10 04 Oct. 20 04 JPY Sep. 10 04 Oct. 20 04 JPY Sep. 22 04 Oct. 20 04 JPY Sep. 22 04 Oct. 20 04 JPY Sep. 27 04 Oct. 20 04 JPY Sep. 27 04 Oct. 20 04 JPY Total Open Sep. 24 04 Oct 20 04 MXN Mar. 11 04 Mar 15 05 NZD Mar. 23 04 Mar. 15 05 NZD Apr. 16 04 Oct. 20 04 NZD May. 27 04 Oct. 20 04 NZD 1,059,940,000.00 USD 634,280,000.00 USD - 1,694,220,000.00 USD 0.00 - U S DOLLAR 1,076,700,000.00 USD - 558,650,000.00 USD - 1,072,250,000.00 USD - 1,098,200,000.00 USD 1,103,000,000.00 USD - 6,350,000.00 USD - 3,450,000.00 USD - 10,850,000.00 USD - 570,050,000.00 MEXICAN NEW PESO - U S DOLLAR N ZEALAND DOLLAR - U S DOLLAR Total Closed EFTA01554271 57,307,500.00 USD 5,000,000.00 USD - 5,000,000.00 USD 0.00 10,000,000.00 USD 5,000,000.00 USD - 10,000,000.00 5,000,000.00 9,785,088.52 10,000,000.00 - 10,000,000.00 57,460.86 31,011.23 97,528.08 4,971,088.69 - 5,000,000.00 - 3,102,500.00 3,170,500.00 68,000.00 - 6,276,000.00 - 3,127,000.00 11.4615 0.6205 0.6341 0.6276 0.6254 11.443145 0.661913 0.661913 0.674063 0.674063 107.67 111.73 109.58 109.82 110.30 110.51 111.25 111.25 110.100984 110.100984 110.100984 110.100984 110.100984 110.100984 110.100984 110.100984 9,779,204.19 5,000,000.00 9,785,088.52 10,000,000.00 10,018,075.81 57,460.86 31,011.23 97,528.08 44,768,368.69 5,008,020.07 3,309,565.88 3,170,500.00 6,480,065.88 6,740,632.22 3,370,316.11 10,000,000.00 EFTA01554272 5,073,978.28 9,738,786.75 9,974,479.47 10,000,000.00 57,674.32 31,334.86 98,545.89 44,974,799.57 5,000,000.00 3,102,500.00 3,309,565.88 6,412,065.88 6,276,000.00 3,127,000.00 - 220,795.81 - 73,978.28 46,301.77 25,520.53 18,075.81 - 213.46 - 323.63 - 1,017.81 - 206,430.88 8,020.07 207,065.88 - 139,065.88 68,000.00 464,632.22 243,316.11 Counter Amount 5,349,000.00 8,971,000.00 8,976,000.00 338,700.00 - 4,803,280.91 - 2,859,564.49 8,159,017.57 496,172.17 Contract Rate 1.783 1.7942 1.7952 Current Market Forward Rate 1.806563 1.806563 1.806563 Market Value Receivables USD 5,349,000.00 8,971,000.00 8,976,000.00 46,781,324.07 220.67 221.81 207.65 199.928785 199.928785 199.928785 5,301,587.75 3,172,529.65 8,159,017.57 EFTA01554273 16,633,134.97 Market Value Payables USD 5,419,690.17 9,032,816.95 9,032,816.95 46,442,624.07 4,803,280.91 2,859,564.49 8,474,117.40 16,136,962.80 Unrealized Gain/Loss USD - 70,690.17 - 61,816.95 - 56,816.95 338,700.00 498,306.84 312,965.16 - 315,099.83 496,172.17 EFTA01554274 09 Trade Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 19 of 62 Foreign Exchange Contracts Settlement Date Currency May. 27 04 Oct. 20 04 NZD Sep. 10 04 Oct. 20 04 NZD Sep. 30 04 Oct. 20 04 NZD Total Open Total Sep. 29 04 Oct. 1 04 ZAR Sep. 29 04 Oct. 1 04 ZAR Sep. 29 04 Oct. 20 04 ZAR Total TRADE RELATED SWISS FRANC - U S DOLLAR Sep. 30 04 Oct. 4 04 CHF Total Foreign Exchange Contracts - 5,011,209.24 USD 4,024,744.39 1.2451 1.2451 4,024,744.39 365,404,625.60 4,024,744.39 364,613,888.39 0.00 790,737.21 continued Amount Counter Currency 5,000,000.00 USD - 20,000,000.00 USD 17,500,000.00 USD 17,500,000.00 17,500,000.00 S AFRICAN RAND - U S DOLLAR Total Closed 12,900,000.00 USD - 12,900,000.00 USD 0.00 12,924,600.00 USD 12,924,600.00 Counter Amount - 3,127,000.00 12,986,000.00 - 11,798,500.00 - 11,342,500.00 - 11,274,500.00 - 2,000,000.00 2,000,000.00 EFTA01554275 .00 - 2,000,000.00 - 2,000,000.00 6.4623 6.495857 Contract Rate 0.6254 0.6493 0.6742 Current Market Forward Rate 0.674063 0.674063 0.674063 Market Value Receivables USD 3,370,316.11 12,986,000.00 11,796,106.38 38,263,370.82 44,743,436.70 6.45 6.45 6.45 6.45 2,000,000.00 2,000,000.00 4,000,000.00 1,989,668.29 5,989,668.29 Market Value Payables USD 3,127,000.00 13,481,264.44 11,798,500.00 37,809,764.44 44,221,830.32 2,000,000.00 2,000,000.00 4,000,000.00 2,000,000.00 6,000,000.00 Unrealized Gain/Loss USD 243,316.11 - 495,264.44 - 2,393.62 453,606.38 521,606.38 0.00 0.00 0.00 - 10,331.71 - 10,331.71 EFTA01554276 09 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 20 of 62 Trade Activity Realized Gain/Loss Summary Short Term Gain/Loss Long Term Gain/Loss 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 identi fied with N/A. Trade Date Settlement Date Settled Sep 7 Sep 9 Write Option GBP PUT USD CALL Sep 7 Sep 9 Write Option FX EUROPEAN STYLE OPTION MAR 07, 2005 @ 1.77 KNOCK IN @ 1.775 KNOCK OUT @ 1.84 GBP PUT USD CALL Sep 8 Sep 10 Write Option FX EUROPEAN STYLE OPTION MAR 07, 2005 @ 1.77 KNOCK IN @ 1.775 KNOCK OUT @ 1.84 GBP PUT JPY CALL FX EUROPEAN STYLE OPTION MAR 08, 2005 @ 195. KNOCK IN @ 193 BARRIER EXP 9/29/2004 USD - 7,000,000 2.66 329,574.00 Realized Type Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD Amount USD 913,133.04 0.00 USD - 7,000,000 2.62 324,618.00 USD - 10,000,000 EFTA01554277 2.49 444,714.00 EFTA01554278 09 Trade Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 21 of 62 Settlement Date Realized Type Settled continued Sep 8 Sep 10 Write Option NZD PUT USD CALL Sep 9 Sep 13 Buy-Back Opt FX EUROPEAN STYLE OPTION MAR 08, 2005 @ .64 KNOCK IN @ 0.625 KNOCK OUT @ 0.6725 JPY PUT USD CALL FX EUROPEAN STYLE OPTION NOV 04, 2004 @ 111. Sep 10 Sep 14 Write Option Sep 14 Sep 16 Buy-Back Opt KNOCK IN TRIGGERED @ 112.5 KNOCK OUT @ 106.25 ZAR CALL USD PUT FX EUROPEAN STYLE OPTION OCT 14, 2004 @ 6.45 NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .68 Sep 14 Sep 16 Buy-Back Opt KNOCK IN TRIGGERED @ .6625 NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .68 Sep 15 Sep 17 Write Option KNOCK IN TRIGGERED @ .6625 MXN PUT USD CALL FX EUROPEAN STYLE OPTION MAR 17, 2005 @ 11.55 KNOCK IN @ 11.62 BARRIER EXP 9/23/2004 Sep 22 Sep 24 Write Option Sep 22 Sep 24 Purchase Opt WTI SHORT CALL OPTION USD PUT OPTION STRIKE 50 EXPIRING 12/15/2004 WTI LONG PUT OPTION USD CALL OPTION STRIKE 44 EXPIRING 12/15/2004 USD USD - 250 250 525,000.00 - 545,000.00 USD EFTA01554279 - 115,500,000 1.80 180,000.00 USD 3,013,500 - 99,590.15 85,040.97 - 14,549.18 S USD USD - 83,850,000 1,986,500 0.90 117,000.00 - 65,649.85 61,192.17 - 4,457.68 S USD - 13,000,000 3.55 295,360.00 Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD USD 1,110,000,000 - 85,000.00 138,000.00 53,000.00 S EFTA01554280 09 Trade Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 22 of 62 Settlement Date Realized Type Settled continued Sep 23 Sep 27 Write Option Sep 23 Sep 27 Purchase Opt Sep 23 Sep 23 Expired Opt Sep 24 Sep 28 Buy-Back Opt WTI SHORT CALL OPTION USD PUT OPTION STRIKE 50 EXPIRING 12/15/2004 WTI LONG PUT OPTION USD CALL OPTION STRIKE 44 EXPIRING 12/15/2004 HKD PUT USD CALL FX EUROPEAN STYLE OPTION SEP 23, 2004 @ 7.833 ZAR PUT USD CALL FX EUROPEAN STYLE OPTION OCT 14, 2004 @ 6.4 Sep 29 Sep 29 Expired Opt KNOCK IN TRIGGERED @ 6.7 GBP PUT JPY CALL FX EUROPEAN STYLE OPTION MAR 08, 2005 @ 195. KNOCK IN @ 193 BARRIER EXP 9/29/2004 Issued in USD Sep 29 Sep 29 Expired Opt MXN PUT USD CALL FX EUROPEAN STYLE OPTION MAR 17, 2005 @ 11.55 KNOCK IN @ 11.62 BARRIER EXP 9/23/2004 Issued in USD Sep 30 Sep 30 Expired Opt NZD PUT USD CALL FX EUROPEAN STYLE OPTION MAR 08, 2005 @ .64 KNOCK IN @ 0.625 KNOCK OUT @ 0.6725 Issued in USD NZD 13,000,000 0.00 295,360.00 295,360.00 S MXN 115,500,000 0.00 180,000.00 EFTA01554281 180,000.00 S GBP 10,000,000 0.00 444,714.00 444,714.00 S USD USD USD USD - 100 100 - 156,660,000 46,080,000 192,000.00 - 180,000.00 0.00 - 102,960.00 - 312,280.00 194,400.00 - 312,280.00 S 91,440.00 S Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD EFTA01554282 09 Trade Date Pending Sep 29 Oct 1 Buy-Back Opt ZAR CALL USD PUT FX EUROPEAN STYLE OPTION OCT 14, 2004 @ 6.45 Sep 30 Oct 4 Write Option AUD PUT USD CALL FX EUROPEAN STYLE OPTION APR 01, 2005 @ .715 KNOCK IN TRIGGERED @ .7193 BARRIER EXP 10/7/2004 Sep 30 Oct 4 Write Option NZD PUT USD CALL FX EUROPEAN STYLE OPTION MAR 31, 2005 @ .665 KNOCK IN TRIGGERED @ .67 BARRIER EXP 10/7/2004 Sep 30 Oct 4 Sale 6 MONTH CHF LINKED STRUCTURE 100% PRINCIPAL PROTECTED IN CHF JPMORGAN LONDON 12/6/2004 Trade Date Settlement Date Counter Currency Settled Foreign Exchange Contracts SPECULATIVE AUSTRALIA DOLLAR - U S DOLLAR Sep 9 04 Sep 9 04 Sep 14 04 Jul 7 04 Jul 8 04 Jul 12 04 Sep 10 04 Sep 14 04 SWISS FRANC Aug 16 04 Sep 14 04 AUD - 10,000,000.00 USD 7,166,000.00 AUD 10,000,000.00 USD - 7,180,000.00 AUD - 13,000,000.00 USD AUD 13,000,000.00 USD - 8,983,000.00 - EURO CURRENCY CHF 22,953,000.00 EUR - 15,000,000.00 1.530200 1.256700 18,264,502.26 - 18,422,256.54 - 157,754.28 9,361,300.00 0.716600 0.718000 0.720100 0.691000 1.456771 1.456771 1.420556 0.691000 7,166,000.00 - 7,180,000.00 EFTA01554283 9,361,300.00 - 8,983,000.00 - 6,864,499.24 6,864,499.24 - 9,151,349.59 8,983,000.00 301,500.76 - 315,500.76 209,950.41 Amount Currency Counter Amount CHF - 5,000,000 0.00 0.00 USD - 10,000,000 1.50 99,750.00 USD - 20,000,000 1.51 215,930.00 USD 41,925,000 0.00 - 70,200.00 58,500.00 - 11,700.00 S JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 23 of 62 Estimated Settlement Date Realized Gain/Loss Type Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost USD Contract Rate Revaluation Rate Base Amount USD Amount USD Gain/Loss USD Contracted/ Revalued Realized EFTA01554284 09 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 24 of 62 Settled Foreign Exchange Contracts Trade Settlement Date Currency Sep 3 04 Sep 14 04 Sep 10 04 Sep 14 04 SWISS FRANC Sep 3 04 Sep 14 04 Sep 10 04 Sep 14 04 Sep 10 04 Sep 10 04 Counter Amount Currency continued CHF - 15,321,000.00 EUR 10,000,000.00 CHF - 7,700,000.00 EUR - U S DOLLAR CHF CHF 5,000,000.00 1.532100 1.540000 0.814230 1.256700 0.814230 1.256694 0.813230 19,000.00 USD 49,000.00 USD POUND STERLING - JAPANESE YEN Sep 8 04 Sep 8 04 Aug 13 04 Sep 14 04 Sep 10 04 Sep 14 04 Jul 12 04 Jul 20 04 Aug 4 04 Sep 10 04 Sep 10 04 Sep 10 04 Sep 10 04 Sep 14 04 Sep 14 04 Sep 14 04 GBP GBP - 14,971.23 - 39,081.19 GBP - 5,000,000.00 JPY 976,750,000.00 5,000,000.00 JPY - 974,750,000.00 EFTA01554285 5,000,000.00 JPY- 1,013,300,000.00 GBP - 5,000,000.00 JPY 985,000,000.00 POUND STERLING - U S DOLLAR Sep 8 04 Sep 8 04 Sep 8 04 Sep 8 04 GBP 1.269100 1.253800 195.350000 194.950000 202.660000 197.000000 1.256700 1.253800 1.776692 0.009150 1.783599 0.009150 1.800115 109.570000 1.793544 0.009140 GBP - 5,000,000.00 USD GBP - 3,000,000.00 USD GBP 5,000,000.00 USD - 8,860,000.00 8,942,500.00 5,359,800.00 3,000,000.00 USD - 5,319,000.00 GBP - 13,000,000.00 USD 24,048,700.00 GBP GBP - 5,000,000.00 USD 5,000,000.00 USD - 9,250,000.00 9,059,000.00 1.772000 1.788500 1.786600 1.773000 1.849900 1.850000 1.811800 1.772000 1.776692 1.776692 1.773000 1.800101 1.800101 1.800101 - 12,191,453.80 - 6,127,188.59 12,281,504.36 6,148,250.30 90,050.56 21,061.71 Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD EFTA01554286 Revalued Amount USD Realized Gain/Loss USD - 14,971.23 - 39,081.19 - 8,883,460.47 8,917,997.23 9,000,503.12 - 8,967,718.75 15,118.96 39,081.19 147.73 8,938,458.02 - 8,920,155.57 - 9,247,969.33 9,010,657.27 54,997.55 - 2,158.34 - 247,466.21 42,938.52 - 8,860,000.00 8,942,500.00 5,359,800.00 - 5,319,000.00 8,860,000.00 - 8,883,460.48 - 5,330,076.28 5,319,000.00 24,048,700.00 - 23,401,308.13 - 9,250,000.00 9,059,000.00 9,000,503.12 - 9,000,503.12 59,039.52 29,723.72 647,391.87 - 249,496.88 58,496.88 EFTA01554287 09 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 25 of 62 Settled Foreign Exchange Contracts Trade Settlement Date Currency Sep 10 04 Sep 14 04 Sep 10 04 Sep 14 04 Sep 14 04 Sep 23 04 Sep 21 04 Sep 23 04 Jul 13 04 Jul 21 04 Counter Amount Currency continued GBP 10,000,000.00 USD - 17,885,000.00 GBP GBP - 5,000,000.00 USD GBP HUNGARIAN FORINT - U S DOLLAR Sep 14 04 Sep 14 04 Aug 17 04 Sep 14 04 Sep 10 04 Sep 14 04 JAPANESE YEN Sep 8 04 Jul 12 04 Sep 10 04 Sep 14 04 Aug 10 04 Sep 14 04 Sep 10 04 Sep 14 04 Sep 10 04 Sep 14 04 Jul 7 04 HUF - 677,070,000.00 USD 3,000,000.00 USD - 5,365,500.00 8,988,500.00 5,000,000.00 USD - 8,996,000.00 3,268,501.08 HUF 677,070,000.00 USD - 3,286,747.57 HUF - 806,280,000.00 USD HUF 806,280,000.00 USD - 3,921,595.33 - U S DOLLAR JPY - 2,000,000.00 USD JPY - 518,050,000.00 USD JPY - 554,200,000.00 USD 18,286.55 4,797,647.71 5,000,000.00 JPY 1,072,250,000.00 USD - 9,769,931.66 JPY 28,300,000.00 USD N ZEALAND DOLLAR - U S DOLLAR Sep 9 04 Aug 10 04 Sep 9 04 Sep 14 04 EFTA01554288 Sep 14 04 Sep 14 04 Jul 12 04 Aug 4 04 Aug 6 04 Aug 10 04 Sep 14 04 NZD - 10,000,000.00 USD - 258,683.72 6,483,000.00 NZD 10,000,000.00 USD - 6,514,000.00 NZD - 20,000,000.00 USD 13,096,000.00 NZD - 10,000,000.00 USD NZD NZD 5,000,000.00 USD - 3,252,000.00 5,000,000.00 USD - 3,269,000.00 109.370000 107.980000 110.840000 109.750000 109.400000 6,389,000.00 0.648300 0.651400 0.654800 0.638900 0.650400 0.653800 109.274988 109.570000 109.570000 109.750000 109.400000 1.535982 1.535982 1.506819 1.506819 1.506819 1.506819 18,286.55 4,797,647.71 5,000,000.00 - 9,769,931.66 - 258,683.72 6,483,000.00 - 6,514,000.00 - 18,302.45 - 4,728,027.74 - 5,057,953.81 9,769,931.66 258,683.72 - 6,510,495.08 6,510,495.08 13,096,000.00 - 13,272,998.70 6,389,000.00 - 3,252,000.00 - 3,269,000.00 - 6,636,499.35 3,318,249.67 3,318,249.67 - 15.90 69,619.97 - 57,953.81 EFTA01554289 4,000,000.00 1.788500 1.788500 1.797700 1.799200 207.150000 206.000000 201.570000 205.600000 1.788500 1.788500 1.799100 1.799200 201.848936 201.848936 201.848936 205.600000 - 17,885,000.00 - 5,365,500.00 8,988,500.00 - 8,996,000.00 3,268,501.08 - 3,286,747.57 4,000,000.00 - 3,921,595.33 17,885,000.00 5,365,500.00 - 8,995,499.55 8,996,000.00 - 3,354,340.19 3,354,340.19 - 3,994,472.37 3,921,595.33 Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD - 6,999.55 - 85,839.11 67,592.62 5,527.63 - 27,495.08 - 3,504.92 - 176,998.70 - 247,499.35 66,249.67 49,249.67 EFTA01554290 09 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 26 of 62 Settled Foreign Exchange Contracts Trade Settlement Date Currency Sep 10 04 Sep 14 04 Sep 23 04 Sep 27 04 Sep 23 04 Sep 27 04 NZD Counter Amount Currency continued NZD 20,000,000.00 USD - 13,050,000.00 6,500,000.00 USD - 4,335,500.00 4,332,250.00 NZD - 6,500,000.00 USD 0.652500 0.667000 0.666500 0.652500 0.667000 0.667000 - 13,050,000.00 - 4,335,500.00 4,332,250.00 13,050,000.00 4,335,500.00 - 4,335,500.00 Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD - 3,250.00 EFTA01554291 09 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 27 of 62 Account Transactions by Currency Australia Dollar Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Miscellaneous Disbursements Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Australia Dollar Activity by Date Settlement Date Sep 9 Type Fwd FX Ctrct Quantity Description 7,166,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.716600000 TRADE 7/07/04 VALUE 9/09/04 Sep 9 Fwd FX Ctrct - 7,180,000 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.718000000 TRADE 7/08/04 VALUE 9/09/04 - 276,000.00 - 23,000,000.00 .00 168,349.59 - 359,500,000.00 23,000,000.00 10,000,000.00 349,776,000.00 .00 Amount to Date Realized Amount Gain/Loss USD - 10,000,000.00 - 6,864,499.24 Amount USD 10,000,000.00 6,864,499.24 EFTA01554292 09 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 28 of 62 Australia Dollar Activity by Date Settlement continued Realized Type Sep 14 Fwd FX Ctrct Quantity Description 9,361,300 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.720100000 TRADE 7/12/04 VALUE 9/14/04 Sep 14 Spot FX - 8,983,000 SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.691000000 TRADE 9/10/04 VALUE 9/14/04 AUSTRALIA DOLLAR U S DOLLAR Gain/Loss USD 168,349.59 - 13,000,000.00 - 9,151,349.59 Amount Amount USD 13,000,000.00 8,983,000.00 EFTA01554293 09 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 29 of 62 Account Transactions by Currency Euro Currency Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Purchases of Securities Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Euro Currency Activity by Date Settlement Date Type Sep 14 Fwd FX Ctrct Quantity Description 22,953,000 SETTLE FORWARD CURRENCY CONTRACT BUY CHF SELL EUR CONTRACT RATE : 1.530200000 TRADE 8/16/04 VALUE 9/14/04 Sep 14 Fwd FX Ctrct - 15,321,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL CHF CONTRACT RATE : 1.532100000 TRADE 9/03/04 VALUE 9/14/04 - 15,000,000.00 .00 - 7,498.12 - 30,000,000.00 - 415,599,332.92 15,000,000.00 29,941,124.64 415,658,208.28 .00 Amount to Date Realized Amount Gain/Loss USD - 7,498.12 - 15,000,000.00 - 18,422,256.54 Amount USD 10,000,000.00 12,281,504.36 EFTA01554294 09 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 30 of 62 Euro Currency Activity by Date Settlement continued Realized Type Sep 14 Spot FX Quantity Description - 7,700,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL CHF SPOT RATE : 0.813239500 TRADE 9/10/04 VALUE 9/14/04 EURO PRINCIPAL CURRENCY SWISS FRANC Gain/Loss USD 5,000,000.00 6,148,250.30 Amount Amount USD EFTA01554295 09 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 31 of 62 Account Transactions by Currency Hungarian Forint Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Purchases of Securities Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Hungarian Forint Activity by Date Settlement Date Type Sep 14 Fwd FX Ctrct Quantity Description 3,268,501.08 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL HUF CONTRACT RATE : 207.150000000 TRADE 7/13/04 VALUE 9/14/04 Sep 14 Fwd FX Ctrct - 3,286,747.57 SETTLE FORWARD CURRENCY CONTRACT BUY HUF SELL USD CONTRACT RATE : 206.000000000 TRADE 7/21/04 VALUE 9/14/04 - 1,483,350,000.0 .00 72,877.04 - 2,120,000,000.0 - 16,908,290,000. 1,483,350,000.00 3,203,000,000.00 15,825,290,000.00 .00 Amount to Date Realized Amount Gain/Loss USD 33,264.47 - 677,070,000.00 - 3,354,340.19 Amount USD 677,070,000.00 3,354,340.19 EFTA01554296 09 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 32 of 62 Hungarian Forint Activity by Date Settlement continued Realized Type Sep 14 Fwd FX Ctrct Quantity Description 4,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL HUF CONTRACT RATE : 201.570000000 TRADE 8/17/04 VALUE 9/14/04 Sep 14 Spot FX - 3,921,595.33 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 205.600000000 TRADE 9/10/04 VALUE 9/14/04 HUNGARIAN FORINT U S DOLLAR Gain/Loss USD 39,612.57 - 806,280,000.00 - 3,994,472.37 Amount Amount USD 806,280,000.00 3,921,595.33 EFTA01554297 09 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 33 of 62 Account Transactions by Currency Japanese Yen Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Japanese Yen Activity by Date Settlement Date Type Sep 10 Spot FX Quantity Description - 5,000,000 SPOT CURRENCY TRANSACTION - BUY BUY JPY SELL GBP SPOT RATE : 109.275000000 TRADE 9/08/04 VALUE 9/10/04 JAPANESE YEN POUND STERLING Sep 10 Spot FX 5,000,000 SPOT CURRENCY TRANSACTION - SALE BUY GBP SELL JPY SPOT RATE : 109.301446822 TRADE 9/08/04 VALUE 9/10/04 POUND STERLING JAPANESE YEN .00 3,062,300,000.00 - 3,062,300,000.0 .00 - 5,321.77 9,284,667,520.00 - 9,284,667,520.0 Amount to Date Realized Amount Gain/Loss USD 976,750,000.00 8,938,458.02 Amount USD - 974,750,000.00 - 8,917,997.23 EFTA01554298 09 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 34 of 62 Japanese Yen Activity by Date Settlement continued Realized Type Sep 10 Spot FX Quantity Description 18,286.55 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL JPY SPOT RATE : 109.370000000 TRADE 9/08/04 VALUE 9/10/04 U S DOLLAR JAPANESE YEN Sep 14 Fwd FX Ctrct 4,797,647.71 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 107.980000000 TRADE 7/12/04 VALUE 9/14/04 Sep 14 Fwd FX Ctrct 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 110.840000000 TRADE 8/10/04 VALUE 9/14/04 Sep 14 Fwd FX Ctrct 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL JPY CONTRACT RATE : 202.660000000 TRADE 8/13/04 VALUE 9/14/04 Sep 14 Spot FX - 5,000,000 SPOT CURRENCY TRANSACTION - BUY BUY JPY SELL GBP SPOT RATE : 109.315000000 TRADE 9/10/04 VALUE 9/14/04 JAPANESE YEN POUND STERLING Sep 14 Spot FX - 9,769,931.66 SPOT CURRENCY TRANSACTION - BUY BUY JPY SELL USD SPOT RATE : 109.750000000 TRADE 9/10/04 VALUE 9/14/04 JAPANESE YEN U S DOLLAR Gain/Loss USD - 2,000,000.00 - 18,286.55 Amount Amount USD EFTA01554299 - 1,321.93 - 518,050,000.00 - 4,728,027.74 - 1,414.17 - 554,200,000.00 - 5,057,953.81 - 2,585.67 -1,013,300,000.00 - 9,247,969.33 985,000,000.00 9,010,657.27 1,072,250,000.00 9,769,931.66 EFTA01554300 09 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 35 of 62 Japanese Yen Activity by Date Settlement continued Realized Type Sep 14 Spot FX Quantity Description - 258,683.72 SPOT CURRENCY TRANSACTION - BUY BUY JPY SELL USD SPOT RATE : 109.400000000 TRADE 9/10/04 VALUE 9/14/04 JAPANESE YEN U S DOLLAR Gain/Loss USD 28,300,000.00 258,683.72 Amount Amount USD EFTA01554301 09 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 36 of 62 Account Transactions by Currency Mexican New Peso Activity Summary Amount this Period Beginning Balance Ending Balance Mexican New Peso Activity by Date Settlement Date Type Sep 29 Expired Opt Quantity Description 115,500,000 MXN PUT USD CALL FX EUROPEAN STYLE OPTION MAR 17, 2005 @ 11.55 KNOCK IN @ 11.62 BARRIER EXP 9/23/2004 EXPIRATION OF WRITTEN FX OPTION EXPIRATION OF KNOCK IN PERIOD .00 .00 Amount to Date Realized Amount Gain/Loss USD Amount USD EFTA01554302 09 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 37 of 62 Account Transactions by Currency N Zealand Dollar Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Purchases of Securities Miscellaneous Disbursements Foreign Exchange Ending Balance Foreign Exchange Gains/Losses N Zealand Dollar Activity by Date Settlement Date Sep 9 Type Fwd FX Ctrct Quantity Description 6,483,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.648300000 TRADE 7/07/04 VALUE 9/09/04 Sep 9 Fwd FX Ctrct - 6,514,000 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.651400000 TRADE 8/10/04 VALUE 9/09/04 - 46,500,000.00 .00 222,998.71 - 20,000,000.00 - 280,284.94 - 526,464,616.52 46,500,000.00 29,964,616.52 516,780,284.94 .00 Amount to Date Realized Amount Gain/Loss USD - 10,000,000.00 - 6,510,495.08 Amount USD 10,000,000.00 6,510,495.08 EFTA01554303 EFTA01554304 09 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 38 of 62 N Zealand Dollar Activity by Date Settlement continued Realized Type Sep 14 Fwd FX Ctrct Quantity Description 13,096,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.654800000 TRADE 7/12/04 VALUE 9/14/04 Sep 14 Fwd FX Ctrct 6,389,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.638900000 TRADE 8/04/04 VALUE 9/14/04 Sep 14 Fwd FX Ctrct - 3,252,000 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.650400000 TRADE 8/06/04 VALUE 9/14/04 Sep 14 Fwd FX Ctrct - 3,269,000 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.653800000 TRADE 8/10/04 VALUE 9/14/04 Sep 14 Spot FX - 13,050,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.652500000 TRADE 9/10/04 VALUE 9/14/04 N ZEALAND DOLLAR U S DOLLAR Sep 27 Spot FX - 4,335,500 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.667000000 TRADE 9/23/04 VALUE 9/27/04 N ZEALAND DOLLAR U S DOLLAR Gain/Loss USD 148,665.81 - 20,000,000.00 - 13,272,998.70 Amount Amount USD 74,332.90 EFTA01554305 - 10,000,000.00 - 6,636,499.35 5,000,000.00 3,318,249.67 5,000,000.00 3,318,249.67 20,000,000.00 13,050,000.00 6,500,000.00 4,335,500.00 EFTA01554306 09 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 39 of 62 N Zealand Dollar Activity by Date Settlement continued Realized Type Sep 27 Spot FX Quantity Description 4,332,250 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NZD SPOT RATE : 0.666500000 TRADE 9/23/04 VALUE 9/27/04 U S DOLLAR Sep 30 Expired Opt 13,000,000 N ZEALAND DOLLAR NZD PUT USD CALL FX EUROPEAN STYLE OPTION MAR 08, 2005 @ .64 KNOCK IN @ 0.625 KNOCK OUT @ 0.6725 EXPIRATION OF WRITTEN FX OPTION OPTION KNOCKED OUT Gain/Loss USD - 6,500,000.00 - 4,332,250.00 Amount Amount USD EFTA01554307 09 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 40 of 62 Account Transactions by Currency Pound Sterling Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Pound Sterling Activity by Date Settlement Date Type Sep 10 Spot FX Quantity Description 976,750,000 SPOT CURRENCY TRANSACTION - SALE BUY JPY SELL GBP SPOT RATE : 0.559380598 TRADE 9/08/04 VALUE 9/10/04 JAPANESE YEN POUND STERLING Sep 10 Spot FX - 974,750,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL JPY SPOT RATE : 0.560664000 TRADE 9/08/04 VALUE 9/10/04 POUND STERLING JAPANESE YEN - 41,000,000.00 .14 117,523.31 - 259,699,999.86 41,000,000.00 13,000,000.00 246,700,000.00 .14 Amount to Date Realized Amount Gain/Loss USD - 5,000,000.00 - 8,938,458.02 Amount USD 5,000,000.00 8,917,997.23 EFTA01554308 09 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 41 of 62 Pound Sterling Activity by Date Settlement continued Realized Type Sep 10 Spot FX Quantity Description - 8,860,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.772000000 TRADE 9/08/04 VALUE 9/10/04 POUND STERLING U S DOLLAR Sep 10 Spot FX 8,942,500 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.788500000 TRADE 9/08/04 VALUE 9/10/04 U S DOLLAR POUND STERLING Sep 10 Spot FX 5,359,800 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.786600000 TRADE 9/08/04 VALUE 9/10/04 U S DOLLAR POUND STERLING Sep 10 Spot FX - 5,319,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.773000000 TRADE 9/08/04 VALUE 9/10/04 POUND STERLING U S DOLLAR Sep 14 Fwd FX Ctrct 24,048,700 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.849900000 TRADE 7/12/04 VALUE 9/14/04 85,239.39 3,000,000.00 5,319,000.00 - 3,000,000.00 - 5,359,800.00 Gain/Loss USD 5,000,000.00 8,860,000.00 Amount EFTA01554309 Amount USD - 5,000,000.00 - 8,942,500.00 - 13,000,000.00 - 23,401,308.13 EFTA01554310 09 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 42 of 62 Pound Sterling Activity by Date Settlement continued Realized Type Sep 14 Fwd FX Ctrct Quantity Description - 9,250,000 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL USD CONTRACT RATE : 1.850000000 TRADE 7/20/04 VALUE 9/14/04 Sep 14 Fwd FX Ctrct 9,059,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.811800000 TRADE 8/04/04 VALUE 9/14/04 Sep 14 Fwd FX Ctrct - 1,013,300,000 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL JPY CONTRACT RATE : 202.660000000 TRADE 8/13/04 VALUE 9/14/04 Sep 14 Spot FX - 17,885,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.788500000 TRADE 9/10/04 VALUE 9/14/04 POUND STERLING U S DOLLAR Sep 14 Spot FX 985,000,000 SPOT CURRENCY TRANSACTION - SALE BUY JPY SELL GBP SPOT RATE : 0.554898477 TRADE 9/10/04 VALUE 9/14/04 JAPANESE YEN POUND STERLING Sep 14 Spot FX - 5,365,500 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.788500000 TRADE 9/10/04 VALUE 9/14/04 POUND STERLING U S DOLLAR 32,784.37 Gain/Loss USD 5,000,000.00 9,000,503.12 Amount EFTA01554311 Amount USD - 5,000,000.00 - 9,000,503.12 5,000,000.00 9,000,503.12 10,000,000.00 17,885,000.00 - 5,000,000.00 - 9,010,657.27 3,000,000.00 5,365,500.00 EFTA01554312 09 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 43 of 62 Pound Sterling Activity by Date Settlement continued Realized Type Sep 23 Fwd FX Ctrct Quantity Description 8,988,500 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.797700000 TRADE 9/14/04 VALUE 9/23/04 Sep 23 Spot FX - 8,996,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.799200000 TRADE 9/21/04 VALUE 9/23/04 POUND STERLING U S DOLLAR Sep 29 Expired Opt 10,000,000 GBP PUT JPY CALL FX EUROPEAN STYLE OPTION MAR 08, 2005 @ 195. KNOCK IN @ 193 BARRIER EXP 9/29/2004 EXPIRATION OF WRITTEN FX OPTION EXPIRATION OF KNOCK IN PERIOD Gain/Loss USD - 500.45 - 5,000,000.00 - 8,995,499.55 Amount Amount USD 5,000,000.00 8,996,000.00 EFTA01554313 09 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 44 of 62 Account Transactions by Currency Swiss Franc Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Purchases of Securities Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Swiss Franc Activity by Date Settlement Date Type Sep 14 Fwd FX Ctrct Quantity Description - 15,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY CHF SELL EUR CONTRACT RATE : 1.530200000 TRADE 8/16/04 VALUE 9/14/04 Sep 14 Fwd FX Ctrct 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL CHF CONTRACT RATE : 1.532100000 TRADE 9/03/04 VALUE 9/14/04 Sep 14 Fwd FX Ctrct - 14,971.23 SETTLE FORWARD CURRENCY CONTRACT BUY CHF SELL USD CONTRACT RATE : 1.269100000 TRADE 9/03/04 VALUE 9/14/04 - 60.02 .00 23,021,000.00 96,597,000.00 - 23,021,000.00 .00 - 60.02 - 10,000,000.00 - 86,597,000.00 Amount to Date Realized Amount Gain/Loss USD 22,953,000.00 18,264,502.26 Amount USD - 15,321,000.00 - 12,191,453.80 EFTA01554314 19,000.00 15,118.96 EFTA01554315 09 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 45 of 62 Swiss Franc Activity by Date Settlement continued Realized Type Sep 14 Spot FX Quantity Description 5,000,000 SPOT CURRENCY TRANSACTION - SALE BUY EUR SELL CHF SPOT RATE : 1.252388830 TRADE 9/10/04 VALUE 9/14/04 EURO PRINCIPAL CURRENCY SWISS FRANC Sep 14 Spot FX - 39,081.19 SPOT CURRENCY TRANSACTION - BUY BUY CHF SELL USD SPOT RATE : 1.253800000 TRADE 9/10/04 VALUE 9/14/04 SWISS FRANC U S DOLLAR Gain/Loss USD - 7,700,000.00 - 6,148,250.30 Amount Amount USD 49,000.00 39,081.19 EFTA01554316 09 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 46 of 62 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 - 6,885,128.17 - 1,078,200.00 - 119,550,010.70 .00 *Year to date information is calculated on a calendar year basis. - 140,186,006.83 - 24,328,589.70 - 7,254,312.84 - 1,631,442,262.5 75,137.53 4,719,450.00 2,408,266.00 120,310,485.34 386,075.34 97,795,326.35 32,171,927.00 963,054.02 1,671,894,789.19 .00 Amount Year to Date USD* U S Dollar Activity by Date Type Settlement Date Sep 1 Dividend Quantity Description JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) Amount USD 75,137.53 EFTA01554317 09 Settlement Date Sep 1 Sep 9 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 47 of 62 U S Dollar Activity by Date Type continued Quantity Description Purchase Fwd FX Ctrct 75,137.53 - 10,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.648300000 TRADE 7/07/04 VALUE 9/09/04 Sep 9 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.716600000 TRADE 7/07/04 VALUE 9/09/04 Sep 9 Fwd FX Ctrct 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.718000000 TRADE 7/08/04 VALUE 9/09/04 Sep 9 Fwd FX Ctrct 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.651400000 TRADE 8/10/04 VALUE 9/09/04 Sep 9 Write Option - 7,000,000 GBP PUT USD CALL FX EUROPEAN STYLE OPTION MAR 07, 2005 @ 1.77 KNOCK IN @ 1.775 KNOCK OUT @ 1.84 WRITTEN FX OPTION PUT 7,000,000.00 GBP CALL 12,390,000.00 USD TRADE DATE 09/07/04 Amount USD - 75,137.53 6,483,000.00 EFTA01554318 7,166,000.00 - 7,180,000.00 - 6,514,000.00 329,574.00 EFTA01554319 09 Settlement Date Sep 9 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 48 of 62 U S Dollar Activity by Date Type continued Quantity Description Write Option - 7,000,000 GBP PUT USD CALL FX EUROPEAN STYLE OPTION MAR 07, 2005 @ 1.77 KNOCK IN @ 1.775 KNOCK OUT @ 1.84 WRITTEN FX OPTION PUT 7,000,000.00 GBP CALL 12,390,000.00 USD TRADE DATE 09/07/04 Sep 9 Purchase Sep 10 Spot FX 609,192 - 2,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - SALE BUY USD SELL JPY SPOT RATE : 109.370000000 TRADE 9/08/04 VALUE 9/10/04 U S DOLLAR JAPANESE YEN Sep 10 Spot FX 5,000,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.772000000 TRADE 9/08/04 VALUE 9/10/04 POUND STERLING U S DOLLAR Sep 10 Spot FX - 5,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.788500000 TRADE 9/08/04 VALUE 9/10/04 U S DOLLAR POUND STERLING - 609,192.00 18,286.55 Amount USD 324,618.00 - 8,860,000.00 8,942,500.00 EFTA01554320 EFTA01554321 09 Settlement Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 49 of 62 U S Dollar Activity by Date Type continued Quantity Description Sep 10 Spot FX - 3,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.786600000 TRADE 9/08/04 VALUE 9/10/04 U S DOLLAR POUND STERLING Sep 10 Spot FX 3,000,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.773000000 TRADE 9/08/04 VALUE 9/10/04 POUND STERLING U S DOLLAR Sep 10 Write Option - 13,000,000 NZD PUT USD CALL FX EUROPEAN STYLE OPTION MAR 08, 2005 @ .64 KNOCK IN @ 0.625 KNOCK OUT @ 0.6725 WRITTEN FX OPTION PUT 13,000,000.00 NZD CALL 8,320,000.00 USD TRADE DATE 09/08/04 Sep 10 Write Option - 10,000,000 GBP PUT JPY CALL FX EUROPEAN STYLE OPTION MAR 08, 2005 @ 195. KNOCK IN @ 193 BARRIER EXP 9/29/2004 WRITTEN FX OPTION PUT 10,000,000.00 GBP CALL 1,950,000,000.00 JPY TRADE DATE 09/08/04 444,714.00 - 5,319,000.00 Amount USD 5,359,800.00 295,360.00 EFTA01554322 09 Settlement Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 50 of 62 U S Dollar Activity by Date Type continued Quantity Description Sep 10 Purchase Sep 13 Buy-Back Opt 881,660.55 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 1,110,000,000 JPY PUT USD CALL FX EUROPEAN STYLE OPTION NOV 04, 2004 @ 111. KNOCK IN TRIGGERED @ 112.5 KNOCK OUT @ 106.25 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 09/09/04 Sep 13 Sale Sep 14 Fwd FX Ctrct - 85,000 - 13,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.720100000 TRADE 7/12/04 VALUE 9/14/04 Sep 14 Fwd FX Ctrct - 20,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.654800000 TRADE 7/12/04 VALUE 9/14/04 Sep 14 Fwd FX Ctrct - 518,050,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 107.980000000 TRADE 7/12/04 VALUE 9/14/04 Sep 14 Fwd FX Ctrct - 13,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.849900000 TRADE 7/12/04 VALUE 9/14/04 85,000.00 9,361,300.00 Amount USD - 881,660.55 - 85,000.00 13,096,000.00 EFTA01554323 4,797,647.71 24,048,700.00 EFTA01554324 09 Settlement Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 51 of 62 U S Dollar Activity by Date Type continued Quantity Description Sep 14 Fwd FX Ctrct - 677,070,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL HUF CONTRACT RATE : 207.150000000 TRADE 7/13/04 VALUE 9/14/04 Sep 14 Fwd FX Ctrct 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL USD CONTRACT RATE : 1.850000000 TRADE 7/20/04 VALUE 9/14/04 Sep 14 Fwd FX Ctrct 677,070,000 SETTLE FORWARD CURRENCY CONTRACT BUY HUF SELL USD CONTRACT RATE : 206.000000000 TRADE 7/21/04 VALUE 9/14/04 Sep 14 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.811800000 TRADE 8/04/04 VALUE 9/14/04 Sep 14 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.638900000 TRADE 8/04/04 VALUE 9/14/04 Sep 14 Fwd FX Ctrct 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.650400000 TRADE 8/06/04 VALUE 9/14/04 Sep 14 Fwd FX Ctrct 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.653800000 TRADE 8/10/04 VALUE 9/14/04 Amount USD 3,268,501.08 - 9,250,000.00 - 3,286,747.57 9,059,000.00 6,389,000.00 EFTA01554325 - 3,252,000.00 - 3,269,000.00 EFTA01554326 09 Settlement Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 52 of 62 U S Dollar Activity by Date Type continued Quantity Description Sep 14 Fwd FX Ctrct - 554,200,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 110.840000000 TRADE 8/10/04 VALUE 9/14/04 Sep 14 Fwd FX Ctrct - 806,280,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL HUF CONTRACT RATE : 201.570000000 TRADE 8/17/04 VALUE 9/14/04 Sep 14 Fwd FX Ctrct 19,000 SETTLE FORWARD CURRENCY CONTRACT BUY CHF SELL USD CONTRACT RATE : 1.269100000 TRADE 9/03/04 VALUE 9/14/04 Sep 14 Spot FX 13,000,000 SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.691000000 TRADE 9/10/04 VALUE 9/14/04 AUSTRALIA DOLLAR U S DOLLAR Sep 14 Spot FX 20,000,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.652500000 TRADE 9/10/04 VALUE 9/14/04 N ZEALAND DOLLAR U S DOLLAR Sep 14 Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.788500000 TRADE 9/10/04 VALUE 9/14/04 POUND STERLING U S DOLLAR Amount USD 5,000,000.00 4,000,000.00 - 14,971.23 - 8,983,000.00 - 13,050,000.00 EFTA01554327 - 17,885,000.00 EFTA01554328 09 Settlement Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 53 of 62 U S Dollar Activity by Date Type continued Quantity Description Sep 14 Spot FX 806,280,000 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 205.600000000 TRADE 9/10/04 VALUE 9/14/04 HUNGARIAN FORINT U S DOLLAR Sep 14 Spot FX 1,072,250,000 SPOT CURRENCY TRANSACTION - BUY BUY JPY SELL USD SPOT RATE : 109.750000000 TRADE 9/10/04 VALUE 9/14/04 JAPANESE YEN U S DOLLAR Sep 14 Spot FX 28,300,000 SPOT CURRENCY TRANSACTION - BUY BUY JPY SELL USD SPOT RATE : 109.400000000 TRADE 9/10/04 VALUE 9/14/04 JAPANESE YEN U S DOLLAR Sep 14 Spot FX 49,000 SPOT CURRENCY TRANSACTION - BUY BUY CHF SELL USD SPOT RATE : 1.253800000 TRADE 9/10/04 VALUE 9/14/04 SWISS FRANC U S DOLLAR Sep 14 Spot FX 3,000,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.788500000 TRADE 9/10/04 VALUE 9/14/04 POUND STERLING U S DOLLAR Amount USD - 3,921,595.33 - 9,769,931.66 - 258,683.72 - 39,081.19 - 5,365,500.00 EFTA01554329 09 Settlement Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 54 of 62 U S Dollar Activity by Date Type continued Quantity Description Sep 14 Write Option - 83,850,000 ZAR CALL USD PUT FX EUROPEAN STYLE OPTION OCT 14, 2004 @ 6.45 WRITTEN FX OPTION CALL 83,850,000.00 ZAR PUT 13,000,000.00 USD TRADE DATE 09/10/04 Sep 14 Receipt of Assets 1 INTEREST RATE SWAP 1,000,000,000JPY NOTIONAL SEP 7 2014 REC FLOATING JPY 3 MONTH LIBOR PAY FIXED RATE 1.577% JPY QUARTERLY ACTUAL/360 JPMORGAN CHASE BANK TRADE DATE 09/03/04 AS OF 09/07/04 Sep 14 Purchase Sep 16 Buy-Back Opt 791,638.09 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 1,986,500 NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .68 KNOCK IN TRIGGERED @ .6625 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 09/14/04 Sep 16 Buy-Back Opt 3,013,500 NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .68 KNOCK IN TRIGGERED @ .6625 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 09/14/04 - 99,590.15 - 791,638.09 - 65,649.85 Amount USD 117,000.00 EFTA01554330 09 Settlement Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 55 of 62 U S Dollar Activity by Date Type continued Quantity Description Sep 16 Sale Sep 17 Write Option - 165,240 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) - 115,500,000 MXN PUT USD CALL FX EUROPEAN STYLE OPTION MAR 17, 2005 @ 11.55 KNOCK IN @ 11.62 BARRIER EXP 9/23/2004 WRITTEN FX OPTION PUT 115,500,000.00 MXN CALL 10,000,000.00 USD TRADE DATE 09/15/04 Sep 17 Purchase Sep 23 Fwd FX Ctrct 180,000 - 5,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.797700000 TRADE 9/14/04 VALUE 9/23/04 Sep 23 Expired Opt - 156,660,000 HKD PUT USD CALL FX EUROPEAN STYLE OPTION SEP 23, 2004 @ 7.833 EXPIRATION OF PURCHASED FX OPTION Sep 23 Spot FX 5,000,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.799200000 TRADE 9/21/04 VALUE 9/23/04 POUND STERLING U S DOLLAR - 8,996,000.00 - 180,000.00 8,988,500.00 Amount USD 165,240.00 180,000.00 EFTA01554331 09 Settlement Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 56 of 62 U S Dollar Activity by Date Type continued Quantity Description Sep 23 Sale Sep 24 Write Option - 7,500 - 250 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) WTI SHORT CALL OPTION USD PUT OPTION STRIKE 50 EXPIRING 12/15/2004 SALE OF CALL OPTION ON OIL TRADE DATE 09/22/04 Sep 24 Purchase Opt 250 WTI LONG PUT OPTION USD CALL OPTION STRIKE 44 EXPIRING 12/15/2004 PURCHASE OF PUT OPTION ON OIL TRADE DATE 09/22/04 Sep 24 Sale Sep 27 Purchase Opt - 20,000 100 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) WTI LONG PUT OPTION USD CALL OPTION STRIKE 44 EXPIRING 12/15/2004 PURCHASE OF PUT OPTION ON OIL TRADE DATE 09/23/04 Sep 27 Write Option - 100 WTI SHORT CALL OPTION USD PUT OPTION STRIKE 50 EXPIRING 12/15/2004 SALE OF CALL OPTION ON OIL TRADE DATE 09/23/04 Sep 27 Purchase 15,250 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) - 15,250.00 192,000.00 20,000.00 - 180,000.00 - 545,000.00 EFTA01554332 Amount USD 7,500.00 525,000.00 EFTA01554333 09 Settlement Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 57 of 62 U S Dollar Activity by Date Type continued Quantity Description Sep 27 Spot FX 6,500,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.667000000 TRADE 9/23/04 VALUE 9/27/04 N ZEALAND DOLLAR U S DOLLAR Sep 27 Spot FX - 6,500,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NZD SPOT RATE : 0.666500000 TRADE 9/23/04 VALUE 9/27/04 U S DOLLAR Sep 28 Buy-Back Opt 46,080,000 N ZEALAND DOLLAR ZAR PUT USD CALL FX EUROPEAN STYLE OPTION OCT 14, 2004 @ 6.4 KNOCK IN TRIGGERED @ 6.7 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 09/24/04 Sep 28 Sale Sep 29 Purchase Sep 30 Sale - 4,438,460 4,332,250 - 3,250 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) JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 4,438,460.00 - 4,332,250.00 3,250.00 Amount USD - 4,335,500.00 4,332,250.00 - 102,960.00 EFTA01554334 09 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 58 of 62 In Case of Errors or Questions About Your Electronic Transfers. Contact yourMorgan Teamat one ofthe telephonenumbers on the front of this statem ent or write us at 500 Stanton ChristianaRoad, 1/OPS, Newark,DE19713-2107 as soo n 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 which the erroror problem appeared. (1) Tellus yourname and a ccount number. (2) Describethe erroror the transferyou are unsure about, and exp lainas 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 s end us your complaint or question in writing 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 credit youraccount for the amount you think i s 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 cred it. If you think that your statement is incorrect or if you need more information ab out a transaction on your statement including a line of credit transaction, you must write to us on a separate sheet describing the error and send it to: JPMorg an, Private Bank, 500 Stanton Christiana Road, 1/OPS3, Newark, DE 19713-2107. We mus t hear from you no later than 60 days after the statement on which the error or problem appeared is sent. You can contact your client service specialist but doing so will not preserve your rights. In your letter, please provide the following information: (1) your name and acco unt 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 F unds Shares of the funds are not bank deposits and are not guaranteedby any bank, gov ernmententity, or the FDIC. Return and share price will fluctuate and redemption valuemay be more or less than original cost. While the money marketfunds 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 represen tthe funds' most recentincome dividendannualized. J.P. Morgan Funds Distributor, Inc. is the distributor of the JPMorgan Funds and American CenturylnvestmentServices, Inc. is the distributor of the American Cen turyFunds. J.P. Morgan InvestmentManagementInc. and American CenturyInvestmentMa nagement Inc. serveas investment advisors to theirrespectivefund familiesand receivecompensati on from theirrespectivefund families for providing investment advisoryand other services. If you have chosen one of the sweep mutual funds, you are notified that position s in the Prime Money Market Sweep Fund represent holdings in the JPMorgan Prime Money Market Fund; positions in the FederalMoney Market Sweep Fund represent hol dings in the JPMorgan FederalMoneyMarketFund; and positions in the TaxExemptMoneyMarketSweep EFTA01554335 Fund representholdings in the JPMorgan TaxExemptMoneyMarketFund. JPMSI is the custodian of listed options and most mutual funds, including third partymutual funds, purchasedthrough JPMSI. JPMSI is a memberof the Securities InvestorProtection Corporation ("SIPC"),a not -for-profit membership corporation funded by broker-dealersregisteredwith the Se curitiesand ExchangeCommission. Securitiesand cash held for a customer account a t JPMSI are protected up to the total net equity ofeach account.. The first $500,000 of protection, wh ich includes up to $100,000 of protection for cash, is providedby SIPC. As ofMar ch 2004, the balanceof the protection is providedby a separateExcessSlPC SuretyB and issued by Customer Asset Protection Company. SIPCand excessSlPCprotection do not protect against lo sses from fluctuations in the valueof the securities. Assets held in custody by JPMorgan ChaseBank(the "Bank")are not subject to SIPCor excessSlPC protection. J.P. Morgan Securities Inc., JPMorgan Chase Bank or their affiliates (the "Morga n Companies")may provide administrative, custodial, sales, distribution or share holderservices to JPMorgan Funds, American Century Funds, or funds established, sponsored, advised, or managedby third parties, and the Morgan Companiesmaybe compensatedfor such servi ces. EFTA01554336 09 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 59 of 62 Explanation of JPMSI Ratings: Overweight: Neutral: JPMorgan uses the following rating system: Underweight: Independent Research Ratings: Over the next six to twelve months, we expect this stock will outperform the ave rage total return of the stocks in the analyst's (or the analyst's team's) cover age universe. Over the next six to twelve months, we expect this stock will perform in line wi th the average total return of the stocks in the analyst's (or the analyst's tea m's) coverage universe. Over the next six to twelve months, we expect this stock will under-perform the average total return of the stocks in the analyst's (or the analyst's team's) co verage universe. JPMSI does not endorse or otherwise adopt the IndependentResearchProviderresearc hand/or ratings. Differentfirms use a varietyof ratings terms as well as differe ntratings systems to describe their recommendations. JPMSI uses a "relative"ratings system as describedabove. IRPsmayuse a differentratings system , such as as an "absolute"ratings system and use such terms as "buy", "hold", or "sell". Since "relative"and "absolute"ratings systems are fundamentallydifferen t, you should read carefully the definitions of all ratings used in the JPMSI and IRP research that is includ ed in the research itself. For this reason and since the research contains the b asis for the ratings as well as complete information concerning the analyst's vi ews, you should read carefully the researchand not inferits contents from the rating alone. JPMorgan Private Bank is the marketing name for the private banking business con ducted by J.P.Morgan Chase & Co. through its subsidiaries worldwide, including J PMorgan Chase Bank, J.P. Morgan Trust Company, N.A. and J.P. Morgan Securities I nc. EFTA01554337 09 J.P. Morgan Securities Inc. 2004 Account Number: 161121381 FINANCIAL TRUST COMPANY INC 270 Park Avenue, New York, NY 10017 Margin Account Portfolio September 01, 2004 - September 30, 2004 Page 60 of 62 Margin Account Portfolio September 1 - September 30, 2004 Table of Contents Portfolio Summary Account Officers D'ORAZIO/HORNAK Page 61 All positions in this Margin Account Portfolio are held in custody at J.P. Morga n Securities Inc. ("JPMSI"). Member SIPC. EFTA01554338 09 J.P. Morgan Securities Inc. 2004 Account Number: 161121381 FINANCIAL TRUST COMPANY INC 270 Park Avenue, New York, NY 10017 Margin Account Portfolio September 01, 2004 - September 30, 2004 Page 61 of 62 Overview Portfolio Summary IMPORTANT INFORMATION ABOUT YOUR STATEMENT Contact your client service specialist if you think your statement is incorrect or you require additional information about a transaction on your statement. JPMSI is a memberof the Securities InvestorProtection Corporation ("SIPC"),a not -for-profit membership corporation funded by broker-dealersregisteredwith the Se curitiesand ExchangeCommission. Securitiesand cash held for a customer account a t JPMSI are protected up to the total net equity ofeach account.. The first $500,000 of protection, wh ich includes up to $100,000 of protection for cash, is providedby SIPC. As ofMar ch 2004, the balanceof the protection is providedby a separateExcessSlPC SuretyB and issued by Customer Asset Protection Company. SIPCand excessSlPCprotection do not protect against lo sses from fluctuations in the valueof the securities. Assets held in custody by JPMorgan ChaseBank(the "Bank")are not subject to SIPCor excessSlPC protection. J.P. Morgan Securities Inc., JPMorgan Chase Bank or their affiliates (the "Morga n Companies")may provide administrative, custodial, sales, distribution or share holderservices to JPMorgan Funds, American Century Funds, or funds established, sponsored, advised, or managedby third parties, and the Morgan Companiesmaybe compensatedfor such servi ces. Market Value USD Total Sep 30 0.00 Estimated Annual Income USD EFTA01554339 09 J.P. Morgan Securities Inc. 2004 Account Number: 161121381 FINANCIAL TRUST COMPANY INC 270 Park Avenue, New York, NY 10017 Margin Account Portfolio September 01, 2004 - September 30, 2004 Page 62 of 62 IMPORTANT INFORMATION ABOUT YOUR JPMSI MARGIN ACCOUNT If there are any errors or omissions on this statement, or if you have any quest ions about it, please contact your JPMSI Account Representative or JPMSI Complia nce Department at (212) 483-2323. 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 avai lable upon your request. 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 o peration of JPMSIs business, subject to the limitations of SEC Rule 15c3-3. Unle ss otherwise instructed, JPMSI or its agents and depositories will hold your sec urities. Upon your demand, JPMSI will pay to you the amount of your free credit balance, and w ill deliver to you fully-paid securities held on your behalf. Interest will be charged on any debit balance; the method of calculating interes t is described in a letter sent to all margin customers. Upon written request, J PMSI will supply you with our most recent 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 you r Margin Account we will allocate the call by a method we deem fair and equitabl e. You should have received separate JPMSI trade confirmations for each securities transaction. All transactions are subject to the terms and conditions stated on the reverse side of such confirmations and are subject to the constitution, by-1 aws, customs and interpretations of the marketplace where executed and governed by and constr ued in accordance with the laws of the state of New York and all applicable fede ral laws and regulations. You must promptly advise JPMSI of material changes in your investment objectives or financial situation. Unless you inform JPMSI otherwise, JPMSI will consider the information currently in its files to be complete and accurate. JPMSI is required by law to report to the Internal Revenue Service all dividends and/or interest income on bonds credited to your account during calendar year. Please retain all your statements to assist you in preparing your income tax ret urns A financial statement of JPMSI is available for your personal inspection at its offices, or a copy of it will be mailed upon your written request. JPMSI is not a bank and is a separate legal entity from its bank or thrift affil fates, including JPMCB. The securities sold, offered or recommended by JPMSI: (1) Are not insured by the Federal Deposit Insurance Corporation, or any other g overnmental agency; (2) Are not deposits or other obligations of JPMSI's bank or thrift affiliates unless otherwise indicated), and are not guaranteed by or the responsibility of any such affiliates(unless explicitly stated 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 un derwrites, in which case proceeds of offerings underwritten by JPMSI may be used for the repayment of such loans, and you should refer to the disclosure documen is relating EFTA01554340 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 your continuing to transact business with JPMSI will constitute your consent to the sharing of such information by JPMSI and its bank or thrift affiliates, to the extent permitted by law. JPMorgan Private Bank is the marketing name for the private banking business con ducted by J.P. Morgan Chase & Co. through its subsidiaries worldwide, including JPMCB and JPMSI. EFTA01554341