EFTA01507066

05 12004 JPMorgan Chase Bank 345 Park Avenue, New York, NY 10154-1002 JPMorgan Private Bank Account Number: Asset Account Portfolio Page 4 of 78 FINANCIAL TRUST COMPANY INC May 01, 2004 - May 31, 2004 Overview Current Prior Pertrin Market Waive US) Marlow Moe USO Tax Estimated Annual Heter Portfolio Summary May3I Apr S0 Cost USO Income USO % Cash & Short Term 83,997,122.82 44,046,049.07 83,963,741 34 727,607.61 0.9 Except lc. ate Deposit Account (I erected). end the cosh in your Asset Account which Equities 13,465,312.74 14,033,368.12 0.0 we inoint0 aspoon we;JAWS none dine inyesanents related loin Misstatement Other - 3,757,741.98 43,883,275.14 0.0 of your Asset Account oncloMno mufti*l fonds. are FCC 'mind ct book Spools Options - 5,467,207.26 - 5,384,132.62 - 1,586,179.06 N/A N/A &nylons or of guaranteed by MACH «toyer on Pink Or Wet SS. (umits* Total 88,237,486.32 96,578,559.71 82,377,562.28 727,607.61 0.8 Memos Malec() Such meanies en« «Mr orestrnents an ~Nato investrnent mks inducing possible »as cl de pianoel *mown neosteel See 7mpolent Foreign Exchange - 2,608.629.38 - 1,265,387.34 Informaton about )OW ..0ALISI lackerage Account's?! the end of Ms Mat Account Accrued Income 42,497.15 32,972.80 ~so Total Portfolio Value 85,671,354.09 95,346,145.17 Asset Allocation Income Summary This Period USO Year to Date USO 82% Cash and Short Term Dividends 32,972.80 140,235.85 14% Equities Total 32,972.80 140,235.85 El 4% Other Net Gain/Loss Summary Reseed This Pen« USO Rearmed Yearns Mae USD• Unrealized use, Net Short Term Gain/Loss - 1,087,115.91 9,835,918.18 - 3,545,173.63 Net Long Term Gain/Loss - 302,473.08 Total - 1,087,115.91 9,835,918.18 - 3,847,646.71 'Year to date information is calculated on a calendar year basis. Exchange Rates Spot Rates as of May 31. 2004 Market value of Options is not induded in pie chart. Cunene), Exchange Rate AUD 0.7136 EUR 1.2212 Confidential Treatment Requested by JPMorgan JPM-SDNY-00032055 Chase CONFIDENTIAL SDNY_GM_00301253 EFTA01507066