EFTA01507415

07 12004 JPMorgan Chase Bank 345 Park Avenue, New York, NY 10154-1002 JPMorgan Private Bank Account Number Asset Account Portfolio Page 41 of 65 FINANCIAL TRUST COMPANY INC July 01, 2004 - July 31, 2004 Account Transactions by Currency Swiss Franc Activity Summary Amount that Amount Rancid to Dan Beginning Balance .00 Credits Foreign Exchange 38,039,000.00 50,534,000.00 Debits Purchases of Securities - 10,000,000.00 Foreign Exchange - 38,039,000 00 - 40,534,000.00 Ending Balance .00 Foreign Exchange Gains/Losses - .02 Swiss Franc Activity by Date Settlement Realized Amount AntoliniUSD Date Type O081101Y O4•CdPan Csairatiala USO Jul 2 Expired Opt 19,050,000 CHF PUT USD CALL FX EUROPEAN STYLE OPTION SEP 30,2004 (a 1.27 KNOCK IN • 1.29 KNOCK OUT @ 1.2360 EXPIRATION OF WRITTEN FX OPTION OPTION KNOCKED OUT Jul 8 Fwd FX Ctrct - 15,000,000 SETTLE FORWARD CURRENCY CONTRACT 22,839,000 00 18,660,075 98 BUY CHF SELL EUR CONTRACT RATE : 1.522600000 TRADE 6/04/04 VALUE 7/08/04 Confidential Treatment Requested by JPMorgan JPM-SDNY-00032457 Chase CONFIDENTIAL SDNY_GM_00301655 EFTA01507415