EFTA01505738

06 12003 JPMorgan Chase Bank 345 Park Avenue. New York, NY 10154-1002 JPMorgan Private Bank Account Number: Asset Account Portfolio Page 13 of 51 FINANCIAL TRUST COMPANY INC June 01, 2003 - June 30, 2003 Descripoon Counter Coaxer Premium Premium Premium Current Market Unreelized Cusep Amount Currency Amount Currency Local USD Value USD Gamins USD Foreign Exchange continued EUR PUT USD CALL EUR - 15,000,000 USD - 17,175,000.00 USD - 386,438.00 - 386,438.00 - 368,841.60 17,596.40 FX EUROPEAN STYLE OPTION DEC 15, 2003 41 1.145 XEURPA-JS-Z AUD PUT USD CALL AUD - 20,000,000 USD - 13,400,000.00 USD - 246,426.00 - 246,426.00 73,589.40 172,836.60 FX EUROPEAN STYLE OPTION MAR 25, 2004 .67 KNOCK OUT @ .63 XAUDPA-BO-Z P EUR PUT USD CALL EUR - 11,739,130.43 USD - 13,499,999.99 USD - 222,750.00 - 222,750.00 0.00 222,750.00 FX EUROPEAN STYLE OPTION MAR 31, 2004 @ 1.15 KNOCK OUT@ 1.175 XEURPA-JV-Z Total Foreign Exchange - 2,297,686.00 - 3,190,771.77 - 893,085.92 aw-oawe.wea options ere yoked using menet paces al the °woe/business to, statenvot date OvenTn.-Counter (07C) opens see valued*: lAelaartoot unless otnennno agrted See: Important Intormarton about Pricing and ValuallertA imponaM lamination about Pricing and Valuation Ace, some of nhch ere plaided by pap sermes d other SOUICO3 nhch -e deem reAede are not guaranteed la accuracy or as recazeble values Vatartons of avg.:he-counter denvetNe fransec6ons.indodng tartan denvatnes.ekokyl depos4 products. have been prepared on a indmerkel bests These yaleabonsaretrdieetrve values as of ate close d business of the date of the statement and. Oaapt as 001ernsfe areal n wrdirsg, thegle vekretons do 00froprosont the now keno Si *tido fraosactions or setunbaa Could be bought d sod Of MN, frevellbOtKekt could be entered mob or tne actual teems on slall e,isbn SOOSSChOn3 SOCart*O tout/ be le:NO.4W as ol ere dale or ma statement We do not mwrant thew compteleness m accuracy These vIANtak$ We dewed from peceeretwy end:Jots based upon wedrecognatdImenGatennOple3 and ne lave. when necesaaiy to CaKulate Me present valued future cash fInna. made MOSOnable edirretes about relevant future rrwket condAzed VaAMLOn$ boned on MAY modal a deferent assume:OM Moly pad different tea via Morgan eternity dederns any :einembitty fa (1) MO accuracy Mete models a eStentileS used in dewing the vaArannoS) (7) any BMWS a arla 0 O m Canaan° a danowabnO the vaniatens end (3) any uses to &Kt MB vakiabOns We per VangoOnS re prOodtd la enternaMA polpent or* and are ensende0 solely ice)O✓ pnn WV ➢Nate ray IC the trade COnforme&Y, ki Medi of nen InineectrOn Confidential Treatment Requested by JPMorgan JPM-SDNY-00030721 Chase CONFIDENTIAL SDNY_GM_00299919 EFTA01505738