EFTA01505146

07 12002 JPMorgan Chase Bank 345 Park Avenue. New York, NY 10154-1002 JPMorgan Private Bank Account Number: Asset Account Portfolio Page 31 of 52 FINANCIAL TRUST COMPANY INC July 01, 2002 - July 31, 2002 Swiss Franc Activity by Date continued Statement RMIrieO Amount Amount USD Owe Tyne Outflow Demeaption Gain Loss USD Jul 15 Spot FX 20,000,000 SPOT CURRENCY TRANSACTION - SALE - 29,680,000.00 - 20,000,000.00 BUY USD SELL CHF SPOT RATE : 1.484000000 TRADE 7/10/02 VALUE 7/15/02 U S DOLLAR SWISS FRANC Jul 15 Spot FX 20,000,000 SPOT CURRENCY TRANSACTION - SALE - 29,660,000.00 - 20,000,000.00 BUY USD SELL CHF SPOT RATE : 1.483000000 TRADE 7/10/02 VALUE 7/15/02 U S DOLLAR SWISS FRANC Jul 15 Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - SALE - 14,922,000.00 - 10,000,000.00 BUY USD SELL CHF SPOT RATE : 1.492200000 TRADE 7/10/02 VALUE 7/15/02 U S DOLLAR SWISS FRANC Jul 15 Spot FX 13,287,655.79 SPOT CURRENCY TRANSACTION - SALE - 19,765,388.00 - 13,287,655.79 BUY USD SELL CHF SPOT RATE : 1.487500000 TRADE 7/10(02 VALUE 7/15/02 U S DOLLAR SWISS FRANC Jul 15 Fwd FX Ctrct - 17,500,000 SETTLE FORWARD CURRENCY CONTRACT 26,048,697.50 17,835,465.59 BUY CHF SELL USD CONTRACT RATE : 1.488497000 TRADE 6/26/02 VALUE 7/15/02 Confidential Treatment Requested by JPMorgan JPM-SDNY-00030124 Chase CONFIDENTIAL SDNY_GM_00299322 EFTA01505146