EFTA01553693

04 2004 Confidential FINANCIAL TRUST COMPANY INC Page 1 of 82 J.P. Morgan Portfolios April 1 - April 30, 2004 Table of Contents Page Account Summary Asset Account Portfolio Margin Account Portfolio 0 JPMCB JPMSI 161121381 2 3 80 000000.0000.00.0000.000.000000000.000000 FINANCIAL TRUST COMPANY INC ATTN: JEFFREY E EPSTEIN C/O AMERICAN YACHT HARBOR 6100 RED HOOK, QUARTERS 153 ST THOMAS 00802 US VIRGIN ISLDS EFTA01553693 04 2004 Portfolio Summary FINANCIAL TRUST COMPANY INC April 01, 2004 - April 30, 2004 Page 2 of 82 Portfolio Summary Net Worth Summary Asset Portfolio USD Assets(Long) Cash fi Short Term Equities Other Options Liabilities (Short) Cash S Short Term Other Options Total FE Gain/Loss Accrued Income Total Net Worth Income Summary Dividends Total 125,108,147.24 63,778,090.76 14,033,368.12 46,434,909.78 861,778.58 - 28,529,587.53 - 19,732,041.69 - 2,551,634.64 - 6,245,911.20 96,578,559.71 - 1,265,387.3432,972.80 95,346,145.17 Margin Portfolio USD 161121381 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 .00 0.00 0.00 125,108,147.24 63,778,090.76 14,033,368.12 46,434,909.78 861,778.58 - 28,529,587.53 - 19,732,041.69 - 2,551,634.64 - 6,245,911.20 96,578,559.71 - 1,265,387.3432,972.80 95,346,145.17 This Period 36,048.08 36,048.08 Year to Date 107,263.05 107,263.05 JPMorgan provides this Portfolio Summary for informational purposes. This summary includes informati on 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 guaranteed by JPMCB or a EFTA01553694 ny of its bank of thrift affiliates (unless otherwise indicated), and are subject to investment risks, including possible loss of the pr incipal amount invested. Assets held in custody by JPMCB are not protected under the Securities Investor Protection Corporati on ("SIPC") insurance. Total USD EFTA01553695 04 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 3 of 82 Asset Account Portfolio April 1 - April 30, 2004 Table of Contents Portfolio Summary Cash and Short Term Equities Other Options Outstanding Foreign Exchange Contracts Trade Activity Account Transactions Account Officers D'ORAZIO/HORNAK Page 4 6 7 8 12 19 23 33 EFTA01553696 04 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 4 of 82 Overview 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 statement 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 (unless otherwise indicated). Such securities and other investments are subject to investment 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 43% Cash and Short Term 14% Equities 43% Other Market Value USD Apr 30 Cash S Short Term Equities Other Options Total Foreign Exchange Accrued Income Total Portfolio Value 44,046,049.07 14,033,368.12 43,883,275.14 - 5,384,132.62 96,578,559.71 - 1,265,387.34 32,972.80 95,346,145.17 Income Summary Dividends Total Net Gain/Loss Summary Net Short Term Gain/Loss Net Long Term Gain/Loss Total Market Value USD Mar 31 43,371,307.29 16,761,634.10 46,233,924.19 - 4,981,557.89 101,385,307.69 - 482,634.58 36,048.08 100,938,721.19 Tax Cost USD 44,222,090.76 45,525,000.00 - 3,077,259.13 86,669,831.63 Estimated Annual Income USD 593,136.24 Yield 1.4 0.0 0.0 593,136.24 N/A N/A 0.6 This Period USD 36,048.08 36,048.08 Year to Date USD* EFTA01553697 107,263.05 107,263.05 Realized This Period USD Realized Year to Date USD* 700,662.74 700,662.74 Unrealized USD 11,120,034.09 11,120,034.09 *Year to date information is calculated on a calendar year basis. Exchange Rates Spot Rates as of April 30, 2004 Market value of Options is not included in pie chart. Currency AUD EUR GBP Exchange Rate 0.7222 1.1988 1.7732 - 3,216,006.61 - 298,824.47 - 3,514,831.08 EFTA01553698 04 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 5 of 82 Exchange Rates Spot Rates as of April 30, 2004 Currency HKD HUF JPY MXN NZD THB TWD ZAR Exchange Rate 7.7998 209.4285 110.3550 11.4038 0.6255 40.0100 33.2200 6.9563 EFTA01553699 04 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 6 of 82 Cash and Short Term Summary by Maturity Current Market Value USD Adjusted Cash Balance Total 44,046,049.07 44,046,049.07 Estimated Annual Income USD 593,136.24 593,136.24 Current yield is displayed for instruments with no maturity and YTM on market is displayed for instr uments that mature. Cash and Short Term by Type Description Cusip/S&P/Moody's Rating Cash P AUSTRALIA DOLLAR JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 7-Day Annualized Yield: .93% P N ZEALAND DOLLAR COST OF PENDING PURCHASES PROCEEDS FROM PENDING SALES Adjusted Cash Balance AUD - 10,000,000 USD 44,009,272.76 0.7181 1.00 1.00 - 7,181,000.00 44,009,272.76 - 7,222,041.67 44,009,272.76 32,972.80 NZD USD USD - 20,000,000 19,556,000 212,818 0.61875 1.00 1.00 0.6255 - 12,375,000.00 1.00 1.00 19,556,000.00 212,818.00 44,222,090.76 - 12,510,000.02 - 135,000.02 19,556,000.00 212,818.00 44,046,049.07 - 176,041.69 32,972.80 N/A 181,870.80 1,979.21 0.93 0.93 593,136.24 1.35 - 41,041.67 409,286.23 N/A 0.93 Currency/ Unit Cost EFTA01553700 Adjusted Account Type Quantity Original Market Price Tax Cost Adjusted Original Market Value USD Accrued Interest USD Unrealized Gain/Loss USD Estimated Current Annual Yield/ Income USD YTM % Current EFTA01553701 04 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 7 of 82 Equities Equity Holdings in Alphabetical Order Description Cusip/Symbol CurrenCyi Account Type Quantity unit Cost Current Market Price Tax Cost Current Market Value USD USD Accrued Dividends USD Estimated Unrealized Gain/Loss USD Annual Dividend Income USD Yield TOO INC 890333-10-7 TOO 800,078 are liened USD Total Equity 800,078 800,078 17.54 14,033,368.12 14,033,368.12 N/A 0.00 N/A 0.0 EFTA01553702 04 Other Swaps in Alphabetical Order Description WALT DISNEY CO EQUITY SWAP 24,954,900 USD NOTIONAL JAN 19 2005 DEAL REF f 2353480 SWPBDA-FL-1 N/0 Client WALT DISNEY CO TOTAL RETURN SWAP 11,920,650 USD NOTIONAL FEB 14 2005 DEAL REF f 2361214 SWPBDA-FV-9 N/0 Client INTEREST RATE SWAP 10,000,000 AUD NOTIONAL 3/9/2014 REC:FIXED RATE 5.72% AUD SEMI-ANNUAL PAY: FLOATING RATE AUD 3 MONTH BANK BILL RATE ACTUAL/365 SWPBDA-GV-8 N/0 Client - 336,015.00 - 492,974.69 Trade Date Maturity Date Estimated Value USD 1,941,825.68 JPMorgan Chase Bank 2004 Account Number: M FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 8 of 82 EFTA01553703 04 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 9 of 82 Swaps in Alphabetical Order Description continued Trade Date INTEREST RATE SWAP 10,000,000 NZD NOTIONAL 3/9/2014 REC:FIXED RATE 6.14% NZD SEMI-ANNUAL PAY:FLOATING RATE NZD 3 MONTH BANK BILL RATE ACTUAL/365 SWPBDA-GW-6 N/0 Client INTEREST RATE SWAP 10,000,000 AUD NOTIONAL 3/9/2014 REC:FIXED RATE 5.68% AUD SEMI-ANNUAL PAY:FLOATING RATE AUD 3 MONTH BANK BILL RATE ACTUAL/365 SWPBDA-GX-4 N/0 Client INTEREST RATE SWAP 10,000,000 NZD NOTIONAL 3/9/2014 REC:FIXED RATE 6.11% NZD SEMI-ANNUAL PAY:FLOATING RATE NZD 3 MONTH BANK BILL RATE ACTUAL/365 SWPBDA-GY-2 N/0 Client CROSS CURRENCY SWAP 10MM NZD NOTIONAL 6.51MM USD NOTIONAL 3/9/2014 REC: FIXED RATE 6.26% NZD SEMI-ANNUAL PAY: FLOATING RATE USD 3 MONTH LIBOR QUARTERLY SWPBDA-HA-3 N/0 Client - 429,552.00 - 250,558.00 - 357,471.00 Maturity Date Estimated Value USD - 236,789.00 EFTA01553704 04 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 10 of 82 Swaps in Alphabetical Order Description continued Trade Date CROSS CURRENCY SWAP 10MM AUD NOTIONAL 7.41MM USD NOTIONAL 3/9/2014 REC: FIXED RATE 5.84% AUD SEMI-ANNUAL PAY: FLOATING RATE USD 3 MONTH LIBOR QUARTERLY SWPBDA-HB-1 N/O Client Structured Investments in Alphabetical Order Description 3 MONTH MXN BULLISH FX DEPOSIT 100% PRINCIPAL PROTECTED IN MXN JPMORGAN CHASE LONDON 5/3/2004 630998-9G-9 Bearer 3 MONTH HUF BULLISH FX DEPOSIT 100% PRINCIPAL PROTECTED IN HUF JPMORGAN CHASE LONDON 5/10/2004 630998-9H-7 Bearer 3 MONTH NZD BULLISH FX DEPOSIT 100% PRINCIPAL PROTECTED IN NZD JPMORGAN CHASE LONDON 5/10/2004 630998-9T-1 Bearer Maturity Date Estimated Value USD - 448,274.95 Market Value USD Unrealized Estimated Annual Currency Quantity MXN 110,500,000 Unit Cost 100.00 PriCe/Unit 100.0177 Tax Cost 10,000,000.00 Accrued Income USD Gain/Loss USD 9,691,545.05 - 308,454.95 Income USD Yield % N/A HUF 2,120,000,000 100.00 104.421 10,000,000.00 10,571,146.80 571,146.80 N/A NZD 10,000,000 100.00 99.9224 6,775,000.00 6,250,155.50 - 524,844.50 N/A EFTA01553705 04 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 11 of 82 Structured Investments in Alphabetical Order Description 3 MONTH EUR BULLISH FX DEPOSIT 100% PRINCIPAL PROTECTED IN EUR JPMORGAN CHASE LONDON 5/04/2004 630998-9U-8 Bearer Total Other continued Market Value USD Currency EUR Quantity 15,000,000 Unit Cost 100.00 PriCe/Unit 99.994 Tax Cost 18,750,000.00 Accrued Income USD Unrealized Estimated Annual Gain/Loss USD 17,980,236.75 - 769,763.25 Income USD Yield N/A 2,255,500,000 45,525,000.00 43,883,275.14 - 1,031,915.90 EFTA01553706 04 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 12 of 82 Options Option Holdings in Alphabetical Order Description Cusip Other TURKISH LIRA KNOCK IN PUT OPTION 10,000,000 USD NOTIONAL 14 TRILLION TRL NOTIONAL MAY 14 2004 @ 1,400,000 KNOCK IN TRIGGERED @ 1,420,000 OTCBDP-BB-A Description Cusip Foreign Exchange HUF PUT USD CALL FX EUROPEAN STYLE OPTION SEP 16, 2004 @ 211. KNOCK IN @ 220 XHUFPA-AI-2 HUF PUT USD CALL FX EUROPEAN STYLE OPTION SEP 16, 2004 @ 212. KNOCK IN @ 220 XHUFPA-AJ-2 HUF -1,696,000,000 USD - 8,000,000.00 USD - 424,000.00 - 424,000.00 - 184,202.56 239,797.44 USD - 10,000,000 1.65 - 0.0274 - 165,000.00 - 274,093.80 - 109,093.80 Currency/ Account Type Quantity Unit Cost Current Market Price/Unit Premium USD Current Market Value USD Unrealized Gain/Loss USD Counter Amount Currency Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD HUF -1,002,250,000 USD - 4,750,000.00 USD - 277,875.00 - 277,875.00 - 229,906.13 47,968.87 EFTA01553707 04 Cusip JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 13 of 82 Foreign Exchange Description EUR CALL CHF PUT FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.565 XEURCA-VS-Z EUR PUT CHF CALL FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.55 XEURPA-NV-Z EUR PUT CHF CALL FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.525 KNOCK IN @ 1.52 XEURPA-NW-Z EUR CALL CHF PUT FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.565 XEURCA-VR-Z EUR PUT CHF CALL FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.55 XEURPA-NS-Z EUR PUT CHF CALL FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.525 KNOCK IN @ 1.52 XEURPA-NT-Z EUR PUT USD CALL FX EUROPEAN STYLE OPTION OCT 27, 2004 @ 1.2 KNOCK IN TRIGGERED @ 1.1885 XEURPA-NX-Z EUR - 5,500,000 USD - 6,600,000.00 USD - 198,660.00 - 198,660.00 - 219,329.88 - 20,669.88 EUR - 7,262,295 CHF - 11,074,999.88 USD - 31,765.08 - 31,765.08 - 26,265.98 5,499.10 EUR 10,096,774 CHF 15,649,999.70 USD 141,691.00 141,691.00 57,367.95 - 84,323.05 EUR - 10,000,000 CHF - 15,650,000.00 USD - 36,146.00 - 36,146.00 - 27,907.40 8,238.60 EUR - 10,262,295 CHF - 15,649,999.88 USD - 42,394.00 - 42,394.00 - 26,266.04 16,127.96 EUR 10,096,774 CHF 15,649,999.70 USD 137,397.00 EFTA01553708 137,397.00 57,367.95 - 80,029.05 Counter Amount Currency continued EUR - 10,000,000 CHF - 15,650,000.00 USD - 38,273.00 - 38,273.00 - 27,907.40 10,365.60 Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01553709 04 Cusip JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 14 of 82 Foreign Exchange Description GBP CALL USD PUT FX EUROPEAN STYLE OPTION MAY 24, 2004 @ 1.85 KNOCK IN @ 1.87 XGBPCA-IB-Z AUD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 14, 2004 @ .73 KNOCK IN @ .71 KNOCK OUT @ .7695 XAUDPA-DJ-Z NZD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 21, 2004 @ .625 KNOCK IN @ .6090 KNOCK OUT @ .6500 XNZDPA-DP-Z AUD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 25, 2004 @ .7275 KNOCK IN @ .72 KNOCK OUT @ .7625 XAUDPA-DL-Z ZAR PUT USD CALL FX EUROPEAN STYLE OPTION JUN 03, 2004 @ 7. KNOCK IN @ 7.15 XZARPA-AJ-Z P NZD CALL USD PUT FX EUROPEAN STYLE OPTION APR 30, 2004 @ .615 XNZDCA-CF-Z NZD O USD 0.00 USD 0.00 0.00 ZAR - 70,000,000 USD - 10,000,000.00 USD - 246,000.00 - 246,000.00 - 309,341.90 - 63,341.90 AUD - 10,000,000 USD - 7,275,000.00 USD - 246,623.00 - 246,623.00 - 315,605.90 - 68,982.90 NZD - 10,000,000 USD - 6,250,000.00 USD - 191,875.00 - 191,875.00 - 217,494.20 - 25,619.20 AUD - 14,000,000 USD - 10,220,000.00 USD - 347,480.00 - 347,480.00 - 471,587.34 - 124,107.34 Counter Amount Currency continued GBP - 2,200,000 USD - 4,070,000.00 USD - 45,584.00 - 45,584.00 - 3,065.70 42,518.30 Counter Premium EFTA01553710 Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01553711 04 Cusip JPMorgan Chase Bank 2004 Account Number:I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 15 of 82 Foreign Exchange Description P AUD CALL USD PUT FX EUROPEAN STYLE OPTION APR 30, 2004 @ .7181 XAUDCA-BX-Z P NZD CALL USD PUT FX EUROPEAN STYLE OPTION APR 30, 2004 @ .6225 XNZDCA-CE-Z P JPY PUT USD CALL FX EUROPEAN STYLE OPTION NOV 04, 2004 @ 111. KNOCK IN @ 112.5 KNOCK OUT @ 106.25 XJPYPA-JW-Z HKD PUT USD CALL FX EUROPEAN STYLE OPTION SEP 23, 2004 @ 7.833 XHKDPA-AH-Z EUR CALL USD PUT FX EUROPEAN STYLE OPTION NOV 01, 2004 @ 1.25 KNOCK OUT @ 1.1375 KNOCK OUT @ 1.21 BARRIER EXP 12/1/03 XEURCA-TP-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 84,792.90 28,345.90 EUR 5,000,000 USD 6,250,000.00 USD 49,186.20 49,186.20 350,075.40 300,889.20 HKD 156,660,000 USD 20,000,000.00 USD 312,280.00 312,280.00 13,455.53 - 298,824.47 JPY -1,110,000,000 USD - 10,000,000.00 USD - 138,000.00 - 138,000.00 0.00 138,000.00 NZD O USD 0.00 USD 0.00 0.00 Counter Amount Currency continued AUD O USD 0.00 USD 0.00 0.00 Counter Premium EFTA01553712 Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01553713 04 Cusip JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 16 of 82 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 NZD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 19, 2004 @ .63 XNZDPA-CS-Z EUR PUT USD CALL FX EUROPEAN STYLE OPTION OCT 27, 2004 @ 1.22 KNOCK IN TRIGGERED @ 1.202 XEURPA-MG-Z NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .68 KNOCK IN TRIGGERED @ .6625 XNZDPA-DC-Z NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .68 KNOCK IN TRIGGERED @ .6625 XNZDPA-DB-Z GBP PUT USD CALL FX EUROPEAN STYLE OPTION AUG 20, 2004 @ 1.875 KNOCK IN TRIGGERED @ 1.8375 XGBPPA-GN-Z GBP - 5,750,000.66 USD - 10,781,251.24 USD - 349,312.54 - 349,312.54 - 727,672.70 - 378,360.16 NZD - 1,986,500 USD - 1,350,820.00 USD - 61,192.17 - 61,192.17 - 147,245.32 - 86,053.15 NZD - 16,650,000 USD - 11,322,000.00 USD - 469,863.00 - 469,863.00 - 1,234,189.74 - 764,326.74 EUR - 1,100,000 USD - 1,342,000.00 USD - 37,710.20 - 37,710.20 - 56,613.83 - 18,903.63 NZD - 12,000,000 USD - 7,560,000.00 USD - 233,226.00 - 233,226.00 - 387,788.28 - 154,562.28 Counter Amount Currency continued AUD - 8,000,000 USD - 6,220,000.00 USD - 213,346.40 - 213,346.40 - 572,851.84 - 359,505.44 Counter Premium EFTA01553714 Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01553715 04 Cusip JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 17 of 82 Foreign Exchange Description 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. XTHECA-AB-Z TWD CALL USD PUT FX EUROPEAN STYLE OPTION MAR 01, 2005 @ 32.75 XTWDCA-AB-Z EUR CALL USD PUT FX EUROPEAN STYLE OPTION JUL 20, 2004 @ 1.24 KNOCK IN @ 1.26 XEURCA-VN-Z NZD PUT USD CALL FX EUROPEAN STYLE OPTION SEP 13, 2004 @ .63 KNOCK IN @ .60 XNZDPA-DE-Z NZD - 15,000,000 USD - 9,450,000.00 USD - 272,160.00 - 272,160.00 - 422,227.95 - 150,067.95 EUR - 5,625,000 USD - 6,975,000.00 USD - 134,618.00 - 134,618.00 - 56,525.12 78,092.88 TWD 327,500,000 USD 10,000,000.00 USD 196,000.00 196,000.00 141,692.88 - 54,307.12 THB 351,500,000 USD 9,250,000.00 USD 108,225.00 108,225.00 52,130.97 - 56,094.03 THB 2,700,000,000 USD 75,000,000.00 USD 405,000.00 405,000.00 104,895.00 - 300,105.00 Counter Amount Currency Continued AUD - 1,500,000 USD - 1,155,000.00 USD - 23,561.94 - 23,561.94 - 102,187.29 - 78,625.35 Counter Premium Amount Currency Premium EFTA01553716 Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01553717 04 Cusip JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 18 of 82 Foreign Exchange Description GBP PUT USD CALL FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.78 KNOCK IN TRIGGERED @ 1.76 XGBPPA-GT-2 GBP CALL USD PUT FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.83 KNOCK IN TRIGGERED @ 1.86 XGBPCA-NW-2 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. - 2,912,259.13 - 5,110,038.82 - 2,197,779.69 GBP - 5,000,000 USD - 9,150,000.00 USD - 91,500.00 - 91,500.00 - 34,692.35 56,807.65 Counter Amount Currency continued GBP - 5,000,000 USD - 8,900,000.00 USD - 167,320.00 - 167,320.00 - 170,942.55 - 3,622.55 Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD 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 derivatives-related deposi t products, have been prepared on a mid-market basis. These valuations are indicative values as of t he close of business of the date of this statement and, except as otherwise agreed in writing, these valuations do not represent the actual terms at wh ich transactions or securities could be bought or sold or new transactions could be entered into, or the actual terms on which existing transactions or securities could be liquidated as of the date of this statement. We do not warrant their completenes s or accuracy. These valuations are derived from proprietary models based upon well recognized finan cial principles and we have, when necessary to calculate the present value of future cash flows, made reasonable estimates about relevant future ma rket conditions. Valuations based on other models or different assumptions may yield different resul ts. Morgan expressly disclaims any responsibility for (1) the accuracy of the models or estimates used in deriving the valuations, (2) any errors or o missions in computing or disseminating the valuations, and (3) any uses to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. Please refer to the trade confirmation for d etails of each transaction. EFTA01553718 04 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 19 of 82 Outstanding Foreign Exchange Contracts Net Currency Exposure Summary Australia Dollar Euro Currency Pound Sterling Hungarian Forint Japanese Yen N Zealand Dollar U S Dollar Value in Currency 13,000,000.00 13,000,000.00 13,000,000.14 1,694,220,000.00 1,182,170,000.00 20,000,000.00 - 79,624,525.43 Gain/Loss Summary Total Unrealized Closed Value in USD Total Unrealized Open Total Unrealized Gain/Loss - 423,800.02 - 841,587.32 - 1,265,387.34 Foreign Exchange Contracts Settlement Date Trade Date SPECULATIVE AUSTRALIA DOLLAR - U S DOLLAR Apr. 29 04 May. 3 04 AUD Apr. 30 04 May. 3 04 AUD Feb. 20 04 Aug. 24 04 AUD Feb. 20 04 Aug. 24 04 AUD Mar. 1 04 Aug. 24 04 AUD Total Closed Apr. 30 04 May. 4 04 AUD Apr. 29 04 Jun. 1 04 AUD Apr. 16 04 Oct. 20 04 AUD - 5,000,000.00 USD 5,000,000.00 USD 7,500,000.00 USD 7,500,000.00 USD - 15,000,000.00 USD 0.00 10,000,000.00 USD - 10,000,000.00 USD 10,000,000.00 USD 3,590,500.00 - 3,603,500.00 - 5,676,750.00 - 5,639,250.00 11,347,500.00 18,500.00 - 7,180,000.00 7,171,000.00 - 7,289,000.00 0.7181 0.7207 0.7569 0.7519 0.7565 0.718 0.7171 0.7289 1.392564 1.387540 0.712078 0.712078 EFTA01553719 0.712078 1.392758 0.719304 0.707404 3,590,500.00 3,603,500.00 5,340,584.45 5,340,584.45 11,347,500.00 29,222,668.90 7,180,000.00 7,171,000.00 7,074,039.27 3,590,500.00 3,603,500.00 5,676,750.00 5,639,250.00 10,681,168.90 29,191,168.90 7,180,000.00 7,193,036.03 7,289,000.00 0.00 0.00 - 336,165.55 - 298,665.55 666,331.10 31,500.00 0.00 - 22,036.03 - 214,960.73 Currency Amount Counter Currency Counter Amount Contract Rate Current Market Forward Rate Market Value Receivables USD Market Value Payables USD Unrealized Gain/Loss USD EFTA01553720 04 Trade Date JPMorgan Chase Bank 2004 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 20 of 82 Foreign Exchange Contracts Settlement Date Currency Apr. 23 04 Oct. 20 04 AUD Total Open Total continued Amount Counter Currency 3,000,000.00 USD 13,000,000.00 13,000,000.00 EURO CURRENCY - U S DOLLAR Feb. 9 04 May. 11 04 EUR Feb. 9 04 May. 11 04 EUR Feb. 11 04 May. 11 04 EUR Feb. 12 04 May. 11 04 EUR Mar. 1 04 May. 11 04 EUR Mar. 3 04 Jun. 7 04 EUR Mar. 5 04 Jun. 7 04 EUR Mar. 5 04 Jun. 7 04 EUR Mar. 16 04 Jun. 7 04 EUR Feb. 20 04 Aug. 24 04 EUR Mar. 1 04 Aug. 24 04 EUR Total Closed Apr. 16 04 Oct. 20 04 EUR Apr. 23 04 Oct. 20 04 EUR Total Open Total Apr. 26 04 May. 7 04 GBP Mar. 3 04 Jun. 7 04 GBP Mar. 5 04 Jun. 7 04 GBP Mar. 5 04 Jun. 8 04 GBP Mar. 16 04 Jun. 8 04 GBP Feb. 23 04 Aug. 24 04 GBP 15,000,000.00 USD 3,000,000.00 USD - 7,000,000.00 USD - 5,000,000.00 USD - 6,000,000.00 USD 5,000,000.00 USD 10,000,000.00 USD 20,000,000.00 USD - 35,000,000.00 USD 7,500,000.00 USD - 7,500,000.00 USD 0.00 10,000,000.00 USD 3,000,000.00 USD 13,000,000.00 13,000,000.00 POUND STERLING - JAPANESE YEN POUND STERLING - U S DOLLAR - 4,996,787.86 JPY 10,000,000.00 USD - 10,000,000.00 USD 10,000,000.00 USD - 10,000,000.00 USD 10,000,000.00 USD Counter Amount - 2,148,600.00 - 9,446,600.00 - 9,428,100.00 - 18,936,000.00 - 3,787,200.00 8,939,000.00 EFTA01553721 6,389,500.00 7,448,400.00 - 6,073,500.00 - 12,395,000.00 - 24,726,000.00 42,952,000.00 - 9,395,250.00 9,287,250.00 - 296,800.00 - 11,971,000.00 - 3,536,700.00 - 15,507,700.00 - 15,804,500.00 968,327,520.00 - 18,106,000.00 18,290,000.00 - 18,295,000.00 18,012,000.00 - 18,337,000.00 Contract Rate 0.7162 Current Market Forward Rate 0.707404 Market Value Receivables USD 2,122,211.78 23,547,251.05 52,769,919.95 1.2624 1.2624 1.277 1.2779 1.2414 1.2147 1.2395 1.2363 1.2272 1.2527 1.2383 1.1971 1.1789 0.834459 0.834459 0.834459 0.834459 0.834459 0.835094 0.835094 0.835094 0.835094 0.836535 0.836535 0.837316 0.837316 17,975,726.29 3,595,145.25 8,939,000.00 6,389,500.00 7,448,400.00 5,987,353.32 11,974,706.65 23,949,413.30 42,952,000.00 8,965,549.14 9,287,250.00 147,464,043.95 11,942,918.85 3,582,875.65 15,525,794.50 162,989,838.45 193.79 1.8106 1.829 1.8295 1.8012 1.8337 195.510136 1.766989 EFTA01553722 1.766989 1.766837 1.766837 1.754989 8,776,603.02 17,669,889.81 18,290,000.00 17,668,369.81 18,012,000.00 17,549,893.10 Market Value Payables USD 2,148,600.00 23,810,636.03 53,001,804.93 18,936,000.00 3,787,200.00 8,388,672.27 5,991,908.76 7,190,290.51 6,073,500.00 12,395,000.00 24,726,000.00 41,911,473.27 9,395,250.00 8,965,549.14 147,760,843.95 11,971,000.00 3,536,700.00 15,507,700.00 163,268,543.95 8,854,506.67 18,106,000.00 17,669,889.81 18,295,000.00 17,668,369.81 18,337,000.00 Unrealized Gain/Loss USD - 26,388.22 - 263,384.98 - 231,884.98 - 960,273.71 - 192,054.75 550,327.73 397,591.24 258,109.49 - 86,146.68 - 420,293.35 - 776,586.70 1,040,526.73 - 429,700.86 321,700.86 - 296,800.00 - 28,081.15 46,175.65 18,094.50 - 278,705.50 - 77,903.65 - 436,110.19 620,110.19 - 626,630.19 343,630.19 - 787,106.90 EFTA01553723 04 Trade Date JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 21 of 82 Foreign Exchange Contracts Settlement Date Currency Mar. 1 04 Aug. 24 04 GBP Total Closed Apr. 21 04 May. 7 04 GBP Apr. 26 04 May. 7 04 GBP Apr. 16 04 Oct. 20 04 GBP Apr. 23 04 Oct. 20 04 GBP Total Open Total Continued Amount Counter Currency - 10,000,000.00 USD 0.00 5,000,000.00 USD - 3,212.00 USD 10,000,000.00 USD 3,000,000.00 USD 17,996,788.00 17,996,788.00 HUNGARIAN FORINT - U S DOLLAR Apr. 27 04 Oct. 20 04 HUF Apr. 28 04 Oct. 20 04 HUF Total Open JAPANESE YEN Apr. 21 04 May. 7 04 JPY Feb. 20 04 May. 24 04 JPY Mar. 2 04 May. 24 04 JPY Apr. 21 04 May. 24 04 JPY Apr. 16 04 Oct. 20 04 JPY Total Open 1,059,940,000.00 USD 634,280,000.00 USD 1,694,220,000.00 - U S DOLLAR - 968,327,520.00 USD 1,087,300,000.00 USD - 1,087,300,000.00 USD 105,470,000.00 USD 1,076,700,000.00 USD 213,842,480.00 N ZEALAND DOLLAR - U S DOLLAR Apr. 29 04 May. 3 04 NZD Apr. 29 04 May. 3 04 NZD Apr. 28 04 May. 11 04 NZD Apr. 29 04 May. 11 04 NZD Mar. 3 04 Jun. 8 04 NZD Mar. 4 04 Jun. 8 04 NZD Mar. 16 04 Jun. 8 04 NZD Mar. 22 04 Jun. 8 04 NZD - 5,000,000.00 USD 5,000,000.00 USD - 5,000,000.00 USD 5,000,000.00 USD 15,000,000.00 USD 15,000,000.00 USD - 10,000,000.00 USD - 20,000,000.00 USD 8,887,000.00 - 10,000,000.00 9,939,665.42 - 968,681.12 - 10,000,000.00 - 2,142,015.70 3,075,000.00 EFTA01553724 - 3,110,000.00 3,105,500.00 - 3,107,000.00 - 9,943,500.00 - 9,900,000.00 6,450,000.00 13,118,000.00 108.96 108.73 109.39 108.88 107.67 110.330559 110.271200 110.271200 110.271200 109.620287 8,887,000.00 9,860,235.50 9,939,665.42 956,460.07 9,822,087.00 39,465,447.99 0.615 0.622 0.6211 0.6214 0.6629 0.66 0.645 0.6559 1.626016 1.607717 0.624618 0.624618 0.622343 0.622343 0.622343 0.622343 3,075,000.00 3,110,000.00 3,105,500.00 3,123,090.70 9,335,151.40 9,335,151.40 6,450,000.00 13,118,000.00 8,776,603.02 10,000,000.00 9,860,235.50 968,681.12 10,000,000.00 39,605,519.64 3,075,000.00 3,110,000.00 3,123,090.70 3,107,000.00 9,943,500.00 9,900,000.00 6,223,434.27 12,446,868.54 110,396.98 - 139,764.50 79,429.92 - 12,221.05 - 177,913.00 - 140,071.65 0.00 0.00 - 17,590.70 16,090.70 - 608,348.60 - 564,848.60 226,565.73 671,131.46 Counter Amount 18,404,000.00 - 32,000.00 EFTA01553725 - 8,887,000.00 5,735.67 - 17,725,000.00 - 5,232,300.00 - 31,838,564.33 - 31,870,564.33 - 4,803,280.91 - 2,859,564.49 - 7,662,845.40 Contract Rate 1.8404 1.7774 1.7857 1.7725 1.7441 Current Market Forward Rate 1.754989 1.772040 1.772040 1.746306 1.746306 Market Value Receivables USD 18,404,000.00 107,594,152.72 8,860,198.71 5,735.67 17,463,063.17 5,238,918.95 31,567,916.50 139,162,069.22 220.67 221.81 219.449117 219.449117 4,830,003.48 2,890,328.33 7,720,331.81 Market Value Payables USD 17,549,893.10 107,626,152.72 8,887,000.00 5,691.79 17,725,000.00 5,232,300.00 31,849,991.79 139,476,144.51 4,803,280.91 2,859,564.49 7,662,845.40 Unrealized Gain/Loss USD 854,106.90 - 32,000.00 - 26,801.29 43.88 - 261,936.83 6,618.95 - 282,075.29 - 314,075.29 26,722.57 30,763.84 57,486.41 EFTA01553726 04 Trade Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 22 of 82 Foreign Exchange Contracts Settlement Date Currency Feb. 20 04 Aug. 24 04 NZD Feb. 23 04 Aug. 24 04 NZD Mar. 2 04 Aug. 24 04 NZD Mar. 11 04 Mar. 15 05 NZD Mar. 23 04 Mar. 15 05 NZD Total Closed Apr. 30 04 May. 4 04 NZD Apr. 16 04 Oct. 20 04 NZD Total Open Total Total Foreign Exchange Contracts continued Amount Counter Currency 5,000,000.00 USD 5,000,000.00 USD - 10,000,000.00 USD 5,000,000.00 USD - 5,000,000.00 USD 0.00 10,000,000.00 USD 10,000,000.00 USD 20,000,000.00 20,000,000.00 Counter Amount - 3,315,000.00 - 3,344,500.00 6,742,000.00 - 3,102,500.00 3,170,500.00 - 161,500.00 - 6,279,000.00 - 6,276,000.00 - 12,555,000.00 - 12,716,500.00 Contract Rate 0.663 0.6689 0.6742 0.6205 0.6341 0.6279 0.6276 Current Market Forward Rate 0.616435 0.616435 0.616435 0.603022 0.603022 1.59261 0.612227 Market Value Receivables USD 3,082,176.23 3,082,176.23 6,742,000.00 3,015,111.61 3,170,500.00 69,743,857.57 6,279,000.00 6,122,267.34 12,401,267.34 EFTA01553727 82,145,124.91 493,029,335.35 Market Value Payables USD 3,315,000.00 3,344,500.00 6,164,352.47 3,102,500.00 3,015,111.61 69,870,357.59 6,279,000.00 6,276,000.00 12,555,000.00 82,425,357.59 494,294,722.69 Unrealized Gain/Loss USD - 232,823.77 - 262,323.77 577,647.53 - 87,388.39 155,388.39 - 126,500.02 0.00 - 153,732.66 - 153,732.66 - 280,232.68 - 1,265,387.34 EFTA01553728 04 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 23 of 82 Trade Activity Realized Gain/Loss Summary Short Term Gain/Loss Long Term Gain/Loss Foreign Exchange Gains/Losses 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 identified with N/A. Trade Date Settlement Date Settled Apr 1 Apr 5 Buy-Back Opt GBP PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ 1.865 Apr 1 Apr 5 Buy-Back Opt KNOCK IN TRIGGERED @ 1.8285 GBP PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ 1.865 Apr 1 Apr 5 Buy-Back Opt KNOCK IN TRIGGERED @ 1.8285 GBP PUT USD CALL FX EUROPEAN STYLE OPTION APR 22, 2004 @ 1.84 KNOCK IN TRIGGERED @ 1.8250 USD 3,800,000 - 54,887.00 76,212.80 21,325.80 S USD 2,200,000 - 195,303.00 167,402.41 - 27,900.59 S USD 3,400,000 - 300,563.00 258,712.82 - 41,850.18 S Realized Type Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD Amount USD 576,324.31 0.00 74,818.00 EFTA01553729 04 Trade Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 24 of 82 Settlement Date Realized Type Settled continued Apr 2 Apr 6 Buy-Back Opt NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .68 Apr 6 Apr 6 Expired Opt KNOCK IN TRIGGERED @ .6625 EUR CALL USD PUT FX EUROPEAN STYLE OPTION JAN 31, 2005 @ 1.35 KNOCK OUT @ 1.1995 BARRIER EXP 4/29/04 Issued in USD Apr 7 Apr 13 write Option Apr 7 Apr 13 Buy-Back Opt AUD CALL USD PUT FX EUROPEAN STYLE OPTION APR 08, 2004 @ .767 GBP PUT USD CALL FX EUROPEAN STYLE OPTION APR 22, 2004 @ 1.84 Apr 8 Apr 8 Expired Opt KNOCK IN TRIGGERED @ 1.8250 AUD CALL USD PUT FX EUROPEAN STYLE OPTION APR 08, 2004 8 .767 Issued in USD Apr 8 Apr 14 Purchase Opt EUR PUT USD CALL Apr 8 Apr 14 Buy-Back Opt FX EUROPEAN STYLE OPTION APR 15, 2004 @ 1.18 NOK CALL USD PUT Apr 12 Apr 14 Buy-Back Opt FX EUROPEAN STYLE OPTION APR 28, 2004 @ 6.85 KNOCK IN @ 6.75 EUR CALL USD PUT FX EUROPEAN STYLE OPTION APR 28, 2004 @ 1.23 KNOCK IN @ 1.25 USD USD 30,000,000 51,375,000 0.067 - 23,718.00 - 41,250.00 60,750.00 19,500.00 S AUD 10,000,000 0.00 27,229.00 27,229.00 S USD USD - 10,000,000 6,000,000 0.355 27,229.00 - 96,048.00 120,336.00 24,288.00 S EUR - 20,000,000 EFTA01553730 0.00 - 291,600.00 - 291,600.00 S USD 3,350,000 - 166,977.00 94,537.00 - 72,440.00 S Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD USD 10,000,000 - 35,670.00 77,490.00 41,820.00 S EFTA01553731 04 Trade Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 25 of 82 Settlement Date Realized Type Settled continued Apr 12 Apr 14 Sell Option NZD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 13, 2004 @ .66 KNOCK OUT @ .62 Apr 13 Apr 15 Buy-Back Opt KNOCK OUT @ .68 BARRIER EXP 4/13/04 EUR PUT USD CALL FX EUROPEAN STYLE OPTION OCT 27, 2004 @ 1.22 Apr 13 Apr 15 Buy-Back Opt KNOCK IN TRIGGERED @ 1.202 EUR PUT USD CALL FX EUROPEAN STYLE OPTION OCT 27, 2004 @ 1.2 Apr 13 Apr 15 Buy-Back Opt KNOCK IN TRIGGERED @ 1.1885 EUR PUT USD CALL FX EUROPEAN STYLE OPTION OCT 27, 2004 @ 1.2 Apr 13 Apr 15 Write Option Apr 14 Apr 16 Write Option KNOCK IN TRIGGERED @ 1.1885 NZD CALL USD PUT FX EUROPEAN STYLE OPTION APR 14, 2004 @ .6525 AUD PUT USD CALL Apr 14 Apr 14 Expired Opt FX EUROPEAN STYLE OPTION OCT 14, 2004 @ .73 KNOCK IN @ .71 KNOCK OUT @ .7695 NZD CALL USD PUT FX EUROPEAN STYLE OPTION APR 14, 2004 @ .6525 Issued in USD Apr 14 Apr 16 Write Option NZD PUT USD CALL FX EUROPEAN STYLE OPTION APR 15, 2004 @ .6345 USD - 20,000,000 0.436 55,328.00 USD USD - 20,000,000 - 14,000,000 0.37 3.40 48,285.00 347,480.00 USD 5,000,000 - 217,200.00 180,600.00 - 36,600.00 S USD 14,500,000 - 685,560.00 523,740.00 - 161,820.00 S USD EFTA01553732 3,900,000 - 214,348.00 133,699.80 - 80,648.20 S USD - 20,000,000 380,160.00 - 129,360.00 250,800.00 S Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD NZD 20,000,000 0.00 48,285.00 48,285.00 S EFTA01553733 04 Trade Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 26 of 82 Settlement Date Realized Type Settled continued Apr 15 Apr 16 Write Option Apr 15 Apr 19 Buy-Back Opt TURKISH LIRA KNOCK IN PUT OPTION 10,000,000 USD NOTIONAL 14 TRILLION TRL NOTIONAL MAY 14 2004 @ 1,400,000 KNOCK IN @ 1,420,000 EUR CALL USD PUT Apr 15 Apr 15 Expired Opt Apr 15 Apr 19 Buy-Back Opt FX EUROPEAN STYLE OPTION APR 28, 2004 @ 1.23 KNOCK IN @ 1.25 EUR PUT USD CALL FX EUROPEAN STYLE OPTION APR 15, 2004 @ 1.18 GBP CALL USD PUT Apr 15 Apr 15 Expired Opt FX EUROPEAN STYLE OPTION MAY 24, 2004 @ 1.85 KNOCK IN @ 1.87 NZD PUT USD CALL FX EUROPEAN STYLE OPTION APR 15, 2004 @ .6345 Issued in USD Apr 15 Apr 19 Write Option Apr 16 Apr 20 Purchase Opt NZD PUT USD CALL FX EUROPEAN STYLE OPTION APR 16, 2004 @ .6375 GBP CALL USD PUT FX EUROPEAN STYLE OPTION OCT 18, 2004 @ 1.81 KNOCK OUT @ 1.7695 BARRIER EXP 5/18/2004 Apr 16 Apr 16 Expired Opt NZD PUT USD CALL FX EUROPEAN STYLE OPTION APR 16, 2004 @ .6375 Issued in USD NZD 20,000,000 0.00 39,270.00 39,270.00 S USD USD - 20,000,000 5,000,000 0.308 1.09 39,270.00 - 98,645.00 USD - 10,000,000 165,000.00 Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD USD EFTA01553734 10,000,000 - 18,450.00 77,490.00 59,040.00 S USD USD - 30,000,000 0.00 5,000,000 - 32,375.00 - 23,718.00 94,350.00 - 23,718.00 S 61,975.00 S NZD 20,000,000 0.00 55,328.00 55,328.00 S EFTA01553735 04 Trade Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 27 of 82 Settlement Date Realized Type Settled continued Apr 21 Apr 21 Expired Opt GBP CALL USD PUT FX EUROPEAN STYLE OPTION OCT 18, 2004 @ 1.81 KNOCK OUT @ 1.7695 BARRIER EXP 5/18/2004 Issued in USD Apr 22 Apr 27 Write Option AUD PUT USD CALL Apr 22 Apr 26 FX Option Assi FX EUROPEAN STYLE OPTION OCT 25, 2004 @ .7275 KNOCK IN @ .72 KNOCK OUT @ .7625 GBP PUT USD CALL FX EUROPEAN STYLE OPTION APR 22, 2004 @ 1.84 Apr 22 Apr 26 Write Option KNOCK IN TRIGGERED @ 1.8250 NZD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 21, 2004 @ .625 KNOCK IN @ .6090 KNOCK OUT @ .6500 Apr 22 Apr 26 FX Opt Asgn'D SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION BUY GBP SELL USD Apr 27 Apr 29 Buy-Back Opt EUR PUT CHF CALL Apr 27 Apr 29 Buy-Back Opt FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.525 KNOCK IN @ 1.52 GBP CALL USD PUT FX EUROPEAN STYLE OPTION MAY 24, 2004 @ 1.85 KNOCK IN @ 1.87 USD USD 5,200,000 3,000,000 1.84 - 9,568,000.00 - 10,187.00 9,568,000.00 13,121.92 2,934.92 S USD - 10,000,000 3.07 191,875.00 USD - 10,000,000 3.39 246,623.00 GBP - 5,000,000 0.00 - 98,645.00 - 98,645.00 S Description Currency Quantity EFTA01553736 Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD USD 5,200,000 0.00 104,291.20 104,291.20 S USD 2,800,000 - 9,842.00 58,016.00 48,174.00 S EFTA01553737 04 Trade Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 28 of 82 Settlement Date Realized Type Settled continued Apr 28 Apr 30 FX Option AssiGBP PUT USD CALL FX EUROPEAN STYLE OPTION APR 28, 2004 @ 1.79 Apr 28 Apr 30 Write Option KNOCK IN TRIGGERED @ 1.77 ZAR PUT USD CALL FX EUROPEAN STYLE OPTION JUN 03, 2004 @ 7. KNOCK IN @ 7.15 Apr 28 Apr 30 FX Opt Asgn'D Apr 29 Apr 29 Expired Opt SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION BUY GBP SELL USD GBP CALL USD PUT Apr 29 Apr 29 Expired Opt FX EUROPEAN STYLE OPTION APR 28, 2004 @ 1.845 KNOCK IN @ 1.8650 NOK CALL USD PUT FX EUROPEAN STYLE OPTION APR 28, 2004 @ 6.85 KNOCK IN @ 6.75 Trade Date Estimated Settlement Date Pending Apr 29 May 3 Write Option Apr 29 May 6 Write Option AUD CALL USD PUT FX EUROPEAN STYLE OPTION APR 30, 2004 @ .7181 JPY PUT USD CALL FX EUROPEAN STYLE OPTION NOV 04, 2004 @ 111. KNOCK IN @ 112.5 KNOCK OUT @ 106.25 USD -1,110,000,000 1.38 138,000.00 USD - 10,000,000 0.37 26,570.00 Realized Gain/Loss Type Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost USD USD USD 10,000,000 10,000,000 1.79 - 17,900,000.00 0.00 17,900,000.00 110,700.00 110,700.00 S EFTA01553738 USD - 70,000,000 2.46 246,000.00 USD 10,000,000 0.00 132,460.00 132,460.00 S Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD USD 51,375,000 0.00 60,750.00 60,750.00 S EFTA01553739 04 Trade Date JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 29 of 82 Estimated Settlement Date Realized Gain/Loss Type Pending continued Apr 29 May 3 Write Option Apr 29 May 3 Write Option NZD CALL USD PUT FX EUROPEAN STYLE OPTION APR 30, 2004 a .6225 NZD CALL USD PUT FX EUROPEAN STYLE OPTION APR 30, 2004 a .615 Apr 30 May 4 FX Option Assignment Apr 30 May 4 FX Option Assignment Apr 30 May 4 FX Option Assignment Apr 30 May 4 FX Opt Asgn'D Apr 30 May 4 FX Opt Asgn'D Apr 30 May 4 FX Opt Asgn'D Trade Date Settlement Date AUD CALL USD PUT FX EUROPEAN STYLE OPTION APR 30, 2004 a .7181 NZD CALL USD PUT FX EUROPEAN STYLE OPTION APR 30, 2004 a .6225 NZD CALL USD PUT FX EUROPEAN STYLE OPTION APR 30, 2004 a .615 AUSTRALIA DOLLAR N ZEALAND DOLLAR N ZEALAND DOLLAR Counter Currency Settled Foreign Exchange Contracts SPECULATIVE AUSTRALIA DOLLAR - U S DOLLAR Apr 1 04 Apr 5 04 Apr 7 04 Apr 2 04 Apr 8 04 Apr 8 04 AUD 10,000,000.00 USD - 7,639,000.00 AUD - 10,000,000.00 USD AUD 10,000,000.00 USD - 7,595,000.00 7,517,000.00 0.763900 0.751700 0.759500 0.763900 0.759500 0.759500 - 7,639,000.00 7,517,000.00 - 7,595,000.00 7,639,000.00 - 7,595,000.00 7,595,000.00 - 78,000.00 Amount Currency Counter Amount USD EFTA01553740 AUD NZD NZD Contract Rate 10,000,000 - 10,000,000 - 10,000,000 - 10,000,000 Revaluation Rate 0.00 0.722 0.625 0.625 0.00 0.00 0.00 0.00 Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD 25,215.00 USD 10,000,000 0.00 0.00 23,033.00 USD 10,000,000 0.00 0.00 26,570.00 USD - 10,000,000 0.41 25,215.00 USD - 10,000,000 0.37 23,033.00 Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost USD EFTA01553741 04 Date Apr 2 04 Apr 6 04 Apr 8 04 Apr 8 04 Apr 8 04 Apr 8 04 Apr 8 04 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 30 of 82 Settled Foreign Exchange contracts Trade Settlement Date Currency Apr 13 04 Apr 13 04 Apr 13 04 Apr 13 04 Apr 16 04 Apr 16 04 Apr 16 04 Apr 15 04 Apr 16 04 Apr 15 04 Apr 23 04 Apr 21 04 Apr 23 04 Apr 23 04 Apr 28 04 Apr 23 04 Apr 28 04 Apr 21 04 Apr 30 04 Apr 29 04 Apr 30 04 Counter Amount Currency continued AUD - 10,000,000.00 USD 7,600,000.00 AUD 10,000,000.00 USD - 7,628,000.00 AUD - 10,000,000.00 USD AUD 10,000,000.00 USD - 7,603,000.00 AUD - 10,000,000.00 USD AUD - 10,000,000.00 USD AUD 10,000,000.00 USD - 7,628,000.00 AUD 10,000,000.00 USD - 7,343,000.00 AUD - 10,000,000.00 USD AUD 7,630,000.00 7,600,000.00 7,628,000.00 7,336,000.00 AUD 10,000,000.00 USD - 7,300,000.00 2,500,000.00 USD - 1,826,750.00 1,829,000.00 7,293,000.00 AUD - 2,500,000.00 USD AUD - 10,000,000.00 USD AUD 10,000,000.00 USD - 7,200,000.00 EURO CURRENCY - HUNGARIAN FORINT Apr 13 04 Apr 22 04 EUR Apr 16 04 Apr 22 04 Apr 21 04 Apr 22 04 Apr 7 04 Apr 7 04 6,000,000.00 HUF- 1,491,960,000.00 EUR - 3,000,000.00 HUF 756,000,000.00 EUR - 2,980,462.66 HUF 745,980,000.00 EURO CURRENCY - U S DOLLAR Apr 5 04 Apr 5 04 0.760000 0.762800 0.763000 0.760300 0.760000 EFTA01553742 0.762800 0.762800 0.734300 0.733600 0.730000 0.730700 0.731600 0.729300 0.720000 248.660000 252.000000 250.290000 1.325750 1.325750 0.757295 0.760300 1.342900 1.342900 1.342900 0.734300 1.369500 0.730000 1.382300 1.382300 1.384650 0.720000 1.186451 212.071080 1.186451 212.071080 1.186451 0.004710 EUR 15,000,000.00 USD - 18,030,000.00 EUR - 15,000,000.00 USD 18,067,500.00 1.202000 1.204500 1.202000 1.202000 7,600,000.00 - 7,628,000.00 7,630,000.00 - 7,603,000.00 7,600,000.00 7,628,000.00 - 7,628,000.00 - 7,343,000.00 7,336,000.00 - 7,300,000.00 - 1,826,750.00 1,829,000.00 7,293,000.00 - 7,200,000.00 7,118,704.39 - 3,559,352.19 - 3,536,172.10 - 7,542,900.24 7,542,900.24 - 7,572,950.12 7,603,000.00 - 7,446,570.85 - 7,446,570.85 7,446,570.85 7,343,000.00 - 7,301,935.01 7,300,000.00 1,808,579.90 - 1,808,579.90 - 7,222,041.67 7,200,000.00 - 7,035,188.18 3,564,842.40 3,517,594.08 57,099.76 - 85,099.76 57,049.88 153,429.15 181,429.15 - 181,429.15 34,064.99 EFTA01553743 - 18,170.10 20,420.10 70,958.33 Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD 83,516.21 5,490.21 - 18,578.02 - 18,030,000.00 18,030,000.00 18,067,500.00 - 18,030,000.00 37,500.00 EFTA01553744 04 Date JPMorgan Chase Bank 2004 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 31 of 82 Settled Foreign Exchange Contracts Trade Settlement Date Currency Apr 13 04 Apr 15 04 Apr 13 04 Apr 15 04 Apr 21 04 Apr 22 04 Apr 21 04 Apr 27 04 Apr 22 04 Apr 27 04 Apr 23 04 Apr 27 04 Apr 23 04 Apr 27 04 Apr 2 04 Apr 2 04 Apr 6 04 Apr 6 04 Counter Amount Currency continued EUR - 7,000,000.00 USD EUR EUR EUR EUR - 5,000,000.00 USD EUR EUR - 2,500,000.00 USD POUND STERLING - U S DOLLAR GBP Apr 22 04 Apr 26 04 Apr 23 04 Apr 27 04 Apr 23 04 Apr 27 04 Apr 27 04 Apr 30 04 Apr 27 04 Apr 30 04 8,374,100.00 7,000,000.00 USD - 8,343,300.00 - 19,537.34 USD 23,229.90 5,000,000.00 USD - 5,947,000.00 5,950,500.00 2,500,000.00 USD - 2,958,000.00 2,956,750.00 GBP - 5,000,000.00 USD GBP - 5,200,000.00 USD GBP - 2,500,000.00 USD GBP GBP - 3,000,000.00 USD HUNGARIAN FORINT - U S DOLLAR Apr 16 04 Apr 22 04 Apr 23 04 Apr 27 04 Apr 26 04 Apr 27 04 Apr 26 04 Apr 28 04 Apr 26 04 Apr 28 04 Apr 27 04 Apr 28 04 Apr 27 04 Apr 28 04 Apr 27 04 Apr 29 04 5,000,000.00 USD - 9,156,000.00 9,154,000.00 9,234,160.00 4,429,500.00 2,500,000.00 USD - 4,426,250.00 5,366,700.00 GBP - 7,000,000.00 USD 12,528,600.00 HUF - 10,020,000.00 USD 47,603.21 HUF 1,272,000,000.00 USD - 6,000,000.00 HUF- 1,272,000,000.00 USD HUF 847,880,000.00 USD - 4,000,000.00 HUF 1,272,000,000.00 USD - 6,000,000.00 HUF- 1,059,940,000.00 USD EFTA01553745 HUF- 1,059,940,000.00 USD HUF 1,059,940,000.00 USD - 5,023,412.32 6,001,981.78 1.196300 1.191900 1.189000 1.189400 1.190100 1.183200 1.182700 1.831200 1.830800 1.775800 1.771800 1.770500 1.788900 1.789800 5,023,412.32 5,023,412.32 210.490000 212.000000 211.930000 211.970000 212.000000 211.000000 211.000000 211.000000 1.191900 1.191900 1.186451 1.190334 1.187956 1.183200 1.187956 1.831200 1.831200 1.840000 1.770500 1.770500 1.790000 1.790000 212.071086 212.000000 212.000000 211.970000 212.000000 211.988000 211.988000 211.000000 8,374,100.00 - 8,343,300.00 23,229.90 - 5,947,000.00 5,950,500.00 - 2,958,000.00 2,956,750.00 - 9,156,000.00 9,154,000.00 9,234,160.00 4,429,500.00 - 4,426,250.00 5,366,700.00 - 8,343,300.00 8,343,300.00 - 23,180.09 5,951,672.41 - 5,939,781.61 2,958,000.00 - 2,969,890.80 9,156,000.00 - 9,156,000.00 - 9,568,000.00 - 4,426,250.00 4,426,250.00 - 5,370,000.00 12,528,600.00 - 12,530,000.00 47,603.21 - 6,000,000.00 6,001,981.78 EFTA01553746 - 4,000,000.00 - 6,000,000.00 5,023,412.32 5,023,412.32 - 5,023,412.32 - 47,248.30 6,000,000.00 - 6,000,000.00 4,000,000.00 6,000,000.00 - 5,000,000.00 - 5,000,000.00 5,023,412.32 30,800.00 49.81 4,672.41 10,718.39 - 13,140.80 Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD - 2,000.00 - 333,840.00 3,250.00 - 3,300.00 - 1,400.00 354.91 1,981.78 23,412.32 23,412.32 EFTA01553747 04 Date JPMorgan Chase Bank 2004 Account Number:m FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 32 of 82 Settled Foreign Exchange Contracts Trade Settlement Date Currency Apr 28 04 Apr 29 04 Apr 28 04 Apr 29 04 JAPANESE YEN Apr 13 04 Apr 15 04 Apr 13 04 Apr 15 04 Apr 13 04 Apr 22 04 Apr 21 04 Apr 22 04 Apr 6 04 Apr 6 04 Apr 8 04 Apr 8 04 Apr 13 04 Apr 13 04 Counter Amount Currency continued HUF - 425,660,000.00 USD HUF - 634,280,000.00 USD - U S DOLLAR JPY 105,950,000.00 USD - 1,000,000.00 JPY - 105,950,000.00 USD JPY 105,470,000.00 USD - 1,000,000.00 JPY - 105,470,000.00 USD N ZEALAND DOLLAR - U S DOLLAR Apr 2 04 Apr 2 04 Apr 5 04 Apr 6 04 Apr 2 04 Apr 8 04 Apr 12 04 Apr 16 04 Apr 15 04 Apr 16 04 NZD - 5,000,000.00 USD NZD NZD - 10,000,000.00 USD 993,157.11 967,614.68 3,287,500.00 5,000,000.00 USD - 3,291,000.00 6,500,000.00 NZD 10,000,000.00 USD - 6,487,000.00 NZD - 10,000,000.00 USD NZD 10,000,000.00 USD - 6,584,000.00 NZD - 10,000,000.00 USD NZD 10,000,000.00 USD - 6,398,000.00 6,606,000.00 6,628,000.00 105.950000 106.680000 105.470000 109.000000 0.657500 0.658200 0.650000 0.648700 0.660600 0.658400 0.662800 0.639800 105.950000 105.950000 109.755000 109.755001 0.658200 EFTA01553748 0.658200 0.648700 0.648700 1.533050 0.658400 1.559800 0.639800 - 1,000,000.00 993,157.11 - 1,000,000.00 967,614.68 3,287,500.00 - 3,291,000.00 6,500,000.00 - 6,487,000.00 6,606,000.00 - 6,584,000.00 6,628,000.00 - 6,398,000.00 1,000,000.00 - 1,000,000.00 960,958.49 - 960,958.49 - 3,291,000.00 3,291,000.00 - 6,487,000.00 6,487,000.00 - 6,522,944.45 6,584,000.00 - 6,411,078.34 6,398,000.00 - 6,842.89 - 39,041.51 6,656.19 - 3,500.00 13,000.00 83,055.55 216,921.66 2,000,000.00 2,991,886.79 212.830000 212.000000 211.000000 211.000000 2,000,000.00 2,991,886.79 - 2,017,345.97 - 3,006,066.35 - 17,345.97 - 14,179.56 Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD EFTA01553749 04 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 33 of 82 Account Transactions by Currency Australia Dollar Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Australia Dollar Activity by Date Settlement Date Apr 2 Type Spot FX Quantity Description - 7,670,000 SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.767000000 TRADE 3/31/04 VALUE 4/02/04 AUSTRALIA DOLLAR U S DOLLAR Apr 2 Spot FX 15,250,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL AUD SPOT RATE : 0.762500000 TRADE 3/31/04 VALUE 4/02/04 U S DOLLAR AUSTRALIA DOLLAR - 59,000.00 - 92,500,000.00 .00 97,497.65 - 192,500,000.00 92,500,000.00 10,000,000.00 182,500,000.00 .00 Amount to Date Realized Amount Gain/Loss USD 10,000,000.00 7,670,000.00 Amount USD - 20,000,000.00 - 15,250,000.00 EFTA01553750 04 Date Apr 2 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 34 of 82 Australia Dollar Activity by Date Settlement continued Realized Type Spot FX Quantity Description - 7,639,000 SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.763900000 TRADE 4/01/04 VALUE 4/02/04 AUSTRALIA DOLLAR U S DOLLAR Apr 8 Spot FX 7,517,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL AUD SPOT RATE : 0.751700000 TRADE 4/05/04 VALUE 4/08/04 U S DOLLAR AUSTRALIA DOLLAR Apr 8 Spot FX - 7,595,000 SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.759500000 TRADE 4/07/04 VALUE 4/08/04 AUSTRALIA DOLLAR U S DOLLAR Apr 8 Expired Opt 10,000,000 AUD CALL USD PUT FX EUROPEAN STYLE OPTION APR 08, 2004 8 .767 EXPIRATION OF WRITTEN FX OPTION Apr 13 Fwd FX Ctrct - 7,628,000 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.762800000 TRADE 4/06/04 VALUE 4/13/04 10,000,000.00 7,542,900.24 10,000,000.00 7,595,000.00 Gain/Loss USD 10,000,000.00 7,639,000.00 Amount Amount USD - 10,000,000.00 - 7,517,000.00 EFTA01553751 04 Date Apr 13 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 35 of 82 Australia Dollar Activity by Date Settlement continued Realized Type Spot FX Quantity Description 7,630,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL AUD SPOT RATE : 0.763000000 TRADE 4/08/04 VALUE 4/13/04 U S DOLLAR AUSTRALIA DOLLAR Apr 13 Spot FX - 7,603,000 SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.760300000 TRADE 4/08/04 VALUE 4/13/04 AUSTRALIA DOLLAR U S DOLLAR Apr 13 Fwd FX Ctrct 7,600,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.760000000 TRADE 4/02/04 VALUE 4/13/04 Apr 16 Fwd FX Ctrct 7,600,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.760000000 TRADE 4/08/04 VALUE 4/16/04 Apr 16 Fwd FX Ctrct 7,628,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.762800000 TRADE 4/08/04 VALUE 4/16/04 Apr 16 Fwd FX Ctrct - 7,628,000 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.762800000 TRADE 4/08/04 VALUE 4/16/04 - 30,049.88 10,000,000.00 7,603,000.00 Gain/Loss USD - 10,000,000.00 - 7,630,000.00 Amount Amount USD - 10,000,000.00 - 7,542,900.24 51,785.42 - 10,000,000.00 - 7,446,570.85 51,785.43 - 10,000,000.00 - 7,446,570.85 10,000,000.00 EFTA01553752 7,446,570.85 EFTA01553753 04 Date Apr 16 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 36 of 82 Australia Dollar Activity by Date Settlement continued Realized Type Spot FX Quantity Description - 7,343,000 SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.734300000 TRADE 4/15/04 VALUE 4/16/04 AUSTRALIA DOLLAR U S DOLLAR Apr 23 Fwd FX Ctrct 7,336,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.733600000 TRADE 4/15/04 VALUE 4/23/04 Apr 23 Spot FX - 7,300,000 SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.730000000 TRADE 4/21/04 VALUE 4/23/04 AUSTRALIA DOLLAR U S DOLLAR Apr 28 Fwd FX Ctrct - 1,826,750 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.730700000 TRADE 4/23/04 VALUE 4/28/04 Apr 28 Fwd FX Ctrct 1,829,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.731600000 TRADE 4/23/04 VALUE 4/28/04 Apr 30 Fwd FX Ctrct 7,293,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.729300000 TRADE 4/21/04 VALUE 4/30/04 22,041.67 1,935.01 Gain/Loss USD 10,000,000.00 7,343,000.00 Amount Amount USD - 10,000,000.00 - 7,301,935.01 10,000,000.00 7,300,000.00 2,500,000.00 1,808,579.90 - 2,500,000.00 - 1,808,579.90 - 10,000,000.00 - 7,222,041.67 EFTA01553754 EFTA01553755 04 Date Apr 30 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 37 of 82 Australia Dollar Activity by Date Settlement continued Realized Type Spot FX Quantity Description - 7,200,000 SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.720000000 TRADE 4/29/04 VALUE 4/30/04 AUSTRALIA DOLLAR U S DOLLAR Gain/Loss USD 10,000,000.00 7,200,000.00 Amount Amount USD EFTA01553756 04 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 38 of 82 Account Transactions by Currency Euro Currency Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Purchases of Securities Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Euro Currency Activity by Date Settlement Date Apr 6 Type Expired Opt Quantity Description - 20,000,000 EUR CALL USD PUT FX EUROPEAN STYLE OPTION JAN 31, 2005 @ 1.35 KNOCK OUT @ 1.1995 BARRIER EXP 4/29/04 EXPIRATION OF PURCHASED FX OPTION OPTION KNOCKED OUT AS OF 04/05/04 .00 35,500,000.00 240,000,000.00 - 35,500,000.00 .00 - .01 - 15,000,000.00 - 225,000,000.00 Amount to Date Realized Amount Gain/Loss USD Amount USD EFTA01553757 04 Date Apr 7 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 39 of 82 Euro Currency Activity by Date Settlement continued Realized Type Spot FX Quantity Description - 18,030,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.202000000 TRADE 4/05/04 VALUE 4/07/04 EURO PRINCIPAL CURRENCY U S DOLLAR Apr 7 Spot FX 18,067,500 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.204500000 TRADE 4/05/04 VALUE 4/07/04 U S DOLLAR EURO PRINCIPAL CURRENCY Apr 15 Spot FX 8,374,100 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.196300000 TRADE 4/13/04 VALUE 4/15/04 U S DOLLAR EURO PRINCIPAL CURRENCY Apr 15 Spot FX - 8,343,300 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.191900000 TRADE 4/13/04 VALUE 4/15/04 EURO PRINCIPAL CURRENCY U S DOLLAR Apr 22 Fwd FX Ctrct - 1,491,960,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL HUF CONTRACT RATE : 248.660000000 TRADE 4/13/04 VALUE 4/22/04 7,000,000.00 8,343,300.00 - 7,000,000.00 - 8,374,100.00 Gain/Loss USD 15,000,000.00 18,030,000.00 Amount Amount USD - 15,000,000.00 - 18,067,500.00 6,000,000.00 7,118,704.39 EFTA01553758 04 Date Apr 22 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 40 of 82 Euro Currency Activity by Date Settlement continued Realized Type Fwd FX Ctrct Quantity Description 756,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY HUF SELL EUR CONTRACT RATE : 252.000000000 TRADE 4/16/04 VALUE 4/22/04 Apr 22 Spot FX 23,229.90 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.189000000 TRADE 4/21/04 VALUE 4/22/04 U S DOLLAR EURO PRINCIPAL CURRENCY Apr 23 Spot FX 745,980,000 SPOT CURRENCY TRANSACTION - SALE BUY HUF SELL EUR SPOT RATE : 0.841501584 TRADE 4/21/04 VALUE 4/22/04 HUNGARIAN FORINT EURO PRINCIPAL CURRENCY AS OF 04/22/04 Apr 27 Fwd FX Ctrct - 5,947,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.189400000 TRADE 4/21/04 VALUE 4/27/04 Apr 27 Spot FX 5,950,500 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.190100000 TRADE 4/22/04 VALUE 4/27/04 U S DOLLAR EURO PRINCIPAL CURRENCY 5,000,000.00 5,951,672.41 - 2,980,462.66 - 3,541,838.44 Gain/Loss USD - 0.01 - 3,000,000.00 - 3,559,352.19 Amount Amount USD - 19,537.34 - 23,229.90 - 5,000,000.00 - 5,950,500.00 EFTA01553759 04 Date Apr 27 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 41 of 82 Euro Currency Activity by Date Settlement continued Realized Type Spot FX Quantity Description - 2,958,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.183200000 TRADE 4/23/04 VALUE 4/27/04 EURO PRINCIPAL CURRENCY U S DOLLAR Apr 27 Spot FX 2,956,750 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.182700000 TRADE 4/23/04 VALUE 4/27/04 U S DOLLAR EURO PRINCIPAL CURRENCY Gain/Loss USD 2,500,000.00 2,958,000.00 Amount Amount USD - 2,500,000.00 - 2,956,750.00 EFTA01553760 04 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 42 of 82 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 Hungarian Forint Activity by Date Settlement Date Apr 22 Type Fwd FX Ctrct Quantity Description 6,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL HUF CONTRACT RATE : 248.660000000 TRADE 4/13/04 VALUE 4/22/04 Apr 22 Fwd FX Ctrct 47,603.21 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL HUF CONTRACT RATE : 210.490000000 TRADE 4/16/04 VALUE 4/22/04 Apr 22 Fwd FX Ctrct - 3,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY HUF SELL EUR CONTRACT RATE : 252.000000000 TRADE 4/16/04 VALUE 4/22/04 - 5,953,800,000.0 .00 - 2,120,000,000.0 - 7,036,800,000.0 5,953,800,000.00 1,083,000,000.00 8,073,800,000.00 .00 Amount to Date Realized Amount Gain/Loss USD - 1,491,960,000.00 - 7,035,188.18 Amount USD - 10,020,000.00 - 47,248.30 756,000,000.00 3,564,842.40 EFTA01553761 04 Date Apr 23 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 43 of 82 Hungarian Forint Activity by Date Settlement continued Realized Type Spot FX Quantity Description - 2,980,462.66 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL EUR SPOT RATE : 210.619431740 TRADE 4/21/04 VALUE 4/22/04 HUNGARIAN FORINT EURO PRINCIPAL CURRENCY AS OF 04/22/04 Apr 27 Spot FX - 6,000,000 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 212.000000000 TRADE 4/23/04 VALUE 4/27/04 HUNGARIAN FORINT U S DOLLAR Apr 27 Spot FX 6,001,981.78 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL HUF SPOT RATE : 211.930000000 TRADE 4/26/04 VALUE 4/27/04 U S DOLLAR HUNGARIAN FORINT Apr 28 Spot FX - 4,000,000 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 211.970000000 TRADE 4/26/04 VALUE 4/28/04 HUNGARIAN FORINT U S DOLLAR Apr 28 Spot FX - 6,000,000 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 212.000000000 TRADE 4/26/04 VALUE 4/28/04 HUNGARIAN FORINT U S DOLLAR 847,880,000.00 4,000,000.00 1,272,000,000.00 6,000,000.00 Gain/Loss USD 745,980,000.00 3,541,838.44 Amount Amount USD - 1,272,000,000.00 - 6,001,981.78 1,272,000,000.00 6,000,000.00 EFTA01553762 04 Date Apr 28 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 44 of 82 Hungarian Forint Activity by Date Settlement continued Realized Type Spot FX Quantity Description 5,023,412.32 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL HUF SPOT RATE : 211.000000000 TRADE 4/27/04 VALUE 4/28/04 U S DOLLAR HUNGARIAN FORINT Apr 28 Spot FX 5,023,412.32 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL HUF SPOT RATE : 211.000000000 TRADE 4/27/04 VALUE 4/28/04 U S DOLLAR HUNGARIAN FORINT Apr 29 Spot FX - 5,023,412.32 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 211.000000000 TRADE 4/27/04 VALUE 4/29/04 HUNGARIAN FORINT U S DOLLAR Apr 29 Spot FX 2,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL HUF SPOT RATE : 212.830000000 TRADE 4/28/04 VALUE 4/29/04 U S DOLLAR HUNGARIAN FORINT Apr 29 Spot FX 2,991,886.79 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL HUF SPOT RATE : 212.000000000 TRADE 4/28/04 VALUE 4/29/04 U S DOLLAR HUNGARIAN FORINT - 634,280,000.00 - 2,991,886.79 1,059,940,000.00 5,023,412.32 - 1,059,940,000.00 - 5,023,412.32 Gain/Loss USD - 1,059,940,000.00 - 5,023,412.32 Amount Amount USD - 425,660,000.00 - 2,000,000.00 EFTA01553763 04 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 45 of 82 Account Transactions by Currency Japanese Yen Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Foreign Exchange Ending Balance Japanese Yen Activity by Date Settlement Date Apr 15 Type Spot FX Quantity Description - 1,000,000 SPOT CURRENCY TRANSACTION - BUY BUY JPY SELL USD SPOT RATE : 105.950000000 TRADE 4/13/04 VALUE 4/15/04 JAPANESE YEN U S DOLLAR Apr 15 Spot FX 993,157.11 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL JPY SPOT RATE : 106.680000000 TRADE 4/13/04 VALUE 4/15/04 U S DOLLAR JAPANESE YEN .00 211,420,000.00 - 211,420,000.00 .00 2,975,370,000.00 - 2,975,370,000.0 Amount to Date Realized Amount Gain/Loss USD 105,950,000.00 1,000,000.00 Amount USD - 105,950,000.00 - 993,157.11 EFTA01553764 04 Date Apr 22 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 46 of 82 Japanese Yen Activity by Date Settlement continued Realized Type Fwd FX Ctrct Quantity Description - 1,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY JPY SELL USD CONTRACT RATE : 105.470000000 TRADE 4/13/04 VALUE 4/22/04 Apr 22 Spot FX 967,614.68 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL JPY SPOT RATE : 109.000000000 TRADE 4/21/04 VALUE 4/22/04 U S DOLLAR JAPANESE YEN Gain/Loss USD 105,470,000.00 960,958.49 Amount Amount USD - 105,470,000.00 - 967,614.68 EFTA01553765 04 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 47 of 82 Account Transactions by Currency N Zealand Dollar 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 N Zealand Dollar Activity by Date Settlement Date Apr 1 Type Spot FX Quantity Description - 6,588,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.658800000 TRADE 3/30/04 VALUE 4/01/04 N ZEALAND DOLLAR U S DOLLAR - 55,000,000.00 .00 - 47,977.21 - 10,000,000.00 - 240,000,000.00 55,000,000.00 10,000,000.00 240,000,000.00 .00 Amount to Date Realized Amount Gain/Loss USD 10,000,000.00 6,588,000.00 Amount USD EFTA01553766 04 Date Apr 1 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 48 of 82 N Zealand Dollar Activity by Date Settlement continued Realized Type Spot FX Quantity Description - 6,530,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.653000000 TRADE 3/30/04 VALUE 4/01/04 N ZEALAND DOLLAR U S DOLLAR Apr 1 FX Opt Asgn'D 13,060,000 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION SELL NZD BUY USD TRADE 3/30/04 VALUE 4/01/04 Apr 6 Spot FX 3,287,500 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NZD SPOT RATE : 0.657500000 TRADE 4/02/04 VALUE 4/06/04 U S DOLLAR N ZEALAND DOLLAR Apr 6 Spot FX - 3,291,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.658200000 TRADE 4/02/04 VALUE 4/06/04 N ZEALAND DOLLAR U S DOLLAR Apr 8 Spot FX 6,500,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NZD SPOT RATE : 0.650000000 TRADE 4/05/04 VALUE 4/08/04 U S DOLLAR N ZEALAND DOLLAR 5,000,000.00 3,291,000.00 - 58,000.00 Gain/Loss USD 10,000,000.00 6,530,000.00 Amount Amount USD - 20,000,000.00 - 13,361,838.59 - 5,000,000.00 - 3,287,500.00 - 10,000,000.00 - 6,500,000.00 EFTA01553767 04 Date Apr 8 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 49 of 82 N Zealand Dollar Activity by Date Settlement continued Realized Type Spot FX Quantity Description - 6,487,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.648700000 TRADE 4/06/04 VALUE 4/08/04 N ZEALAND DOLLAR U S DOLLAR Apr 13 Spot FX - 6,584,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.658400000 TRADE 4/08/04 VALUE 4/13/04 N ZEALAND DOLLAR U S DOLLAR Apr 13 Fwd FX Ctrct 6,606,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.660600000 TRADE 4/02/04 VALUE 4/13/04 Apr 14 Expired Opt 20,000,000 NZD CALL USD PUT FX EUROPEAN STYLE OPTION APR 14, 2004 8 .6525 Apr 15 Expired Opt 20,000,000 EXPIRATION OF WRITTEN FX OPTION NZD PUT USD CALL FX EUROPEAN STYLE OPTION APR 15, 2004 8 .6345 EXPIRATION OF WRITTEN FX OPTION Apr 16 Fwd FX Ctrct 6,628,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.662800000 TRADE 4/12/04 VALUE 4/16/04 13,078.34 - 10,000,000.00 - 6,411,078.34 - 61,055.55 Gain/Loss USD 10,000,000.00 6,487,000.00 Amount Amount USD 10,000,000.00 6,584,000.00 - 10,000,000.00 - 6,522,944.45 EFTA01553768 04 Date Apr 16 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 50 of 82 N Zealand Dollar Activity by Date Settlement continued Realized Type Spot FX Quantity Description - 6,398,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.639800000 TRADE 4/15/04 VALUE 4/16/04 N ZEALAND DOLLAR U S DOLLAR Apr 16 Expired Opt 20,000,000 NZD PUT USD CALL FX EUROPEAN STYLE OPTION APR 16, 2004 Q .6375 EXPIRATION OF WRITTEN FX OPTION Gain/Loss USD 10,000,000.00 6,398,000.00 Amount Amount USD EFTA01553769 04 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 51 of 82 Account Transactions by Currency Pound Sterling Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Foreign Exchange Ending Balance Pound Sterling Activity by Date Settlement Date Apr 6 Type Spot FX Quantity Description - 9,156,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.831200000 TRADE 4/02/04 VALUE 4/06/04 POUND STERLING U S DOLLAR Apr 6 Spot FX 9,154,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.830800000 TRADE 4/02/04 VALUE 4/06/04 U S DOLLAR POUND STERLING - 22,700,000.00 .00 - 98,700,000.00 22,700,000.00 13,000,000.00 85,700,000.00 .00 Amount to Date Realized Amount Gain/Loss USD 5,000,000.00 9,156,000.00 Amount USD - 5,000,000.00 - 9,154,000.00 EFTA01553770 04 Date Apr 21 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 52 of 82 Pound Sterling Activity by Date Settlement continued Realized Type Expired Opt Quantity Description - 5,000,000 GBP CALL USD PUT FX EUROPEAN STYLE OPTION OCT 18, 2004 @ 1.81 KNOCK OUT @ 1.7695 BARRIER EXP 5/18/2004 EXPIRATION OF PURCHASED FX OPTION OPTION KNOCKED OUT Apr 26 FX Opt Asgn'D - 9,568,000 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION BUY GBP SELL USD TRADE 4/22/04 VALUE 4/26/04 Apr 26 Spot FX 9,234,160 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.775800000 TRADE 4/22/04 VALUE 4/26/04 U S DOLLAR POUND STERLING Apr 27 Spot FX 4,429,500 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.771800000 TRADE 4/23/04 VALUE 4/27/04 U S DOLLAR POUND STERLING Apr 27 Spot FX - 4,426,250 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.770500000 TRADE 4/23/04 VALUE 4/27/04 POUND STERLING U S DOLLAR 2,500,000.00 4,426,250.00 - 2,500,000.00 - 4,429,500.00 5,200,000.00 9,288,202.20 Gain/Loss USD Amount Amount USD - 5,200,000.00 - 9,234,160.00 EFTA01553771 04 Date Apr 30 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 53 of 82 Pound Sterling Activity by Date Settlement continued Realized Type Spot FX Quantity Description 5,366,700 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.788900000 TRADE 4/27/04 VALUE 4/30/04 U S DOLLAR POUND STERLING Apr 30 Spot FX 12,528,600 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.789800000 TRADE 4/27/04 VALUE 4/30/04 U S DOLLAR POUND STERLING Apr 30 FX Opt Asgn'D - 17,900,000 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION BUY GBP SELL USD TRADE 4/28/04 VALUE 4/30/04 10,000,000.00 17,732,068.45 - 7,000,000.00 - 12,528,600.00 Gain/Loss USD - 3,000,000.00 - 5,366,700.00 Amount Amount USD EFTA01553772 04 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 54 of 82 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 - 2,561,280.21 - 5,675,952.00 - 85,341.38 - 204,662,712.32 .00 *Year to date information is calculated on a calendar year basis. - 87,810,579.49 - 14,045,072.00 - 85,341.38 - 832,776,112.32 36,048.08 5,289,229.72 2,111,400.00 650,000.00 204,898,608.11 107,263.05 71,356,420.76 22,832,625.00 753,054.02 839,667,742.36 .00 Amount Year to Date USD* U S Dollar Activity by Date Type Settlement Date Apr 1 Dividend Quantity Description JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) Amount USD 36,048.08 EFTA01553773 04 Settlement Date Apr 1 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 55 of 82 U S Dollar Activity by Date Type continued Quantity Description Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.658800000 TRADE 3/30/04 VALUE 4/01/04 N ZEALAND DOLLAR U S DOLLAR Apr 1 Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.653000000 TRADE 3/30/04 VALUE 4/01/04 N ZEALAND DOLLAR U S DOLLAR Apr 1 Buy-Back Opt 15,800,000 NZD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 27, 2004 @ .66 KNOCK IN TRIGGERED @ .6475 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/30/04 Apr 1 Buy-Back Opt 15,000,000 NZD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 27, 2004 @ .66 KNOCK IN TRIGGERED @ .6475 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/30/04 Apr 1 Buy-Back Opt 6,500,000 EUR CALL USD PUT FX EUROPEAN STYLE OPTION MAY 04, 2004 @ 1.29 KNOCK IN @ 1.33 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/30/04 - 11,320.00 - 569,745.00 Amount USD - 6,588,000.00 - 6,530,000.00 - 551,381.00 EFTA01553774 04 Settlement Date Apr 1 Apr 1 JPMorgan Chase Bank 2004 Account Number: M FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 56 of 82 U S Dollar Activity by Date Type continued Quantity Description Sale FX Option Assignment - 1,154,397.92 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 20,000,000 NZD CALL USD PUT FX EUROPEAN STYLE OPTION MAR 30, 2004 @ .653 WRITTEN FX OPTION ASSIGNED CALL 13,060,000.00 USD PUT 20,000,000.00 NZD TRADE DATE 03/30/04 Apr 1 FX Opt Asgn'D - 20,000,000 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION SELL NZD BUY USD TRADE 3/30/04 VALUE 4/01/04 Apr 2 Buy-Back Opt 26,666,667 NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 29, 2004 @ .64 KNOCK IN @ .60 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/31/04 Apr 2 Buy-Back Opt 8,200,000 NZD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 27, 2004 @ .66 KNOCK IN TRIGGERED @ .6475 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/31/04 - 250,034.00 13,060,000.00 Amount USD 1,154,397.92 - 634,880.00 EFTA01553775 04 Settlement Date Apr 2 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 57 of 82 U S Dollar Activity by Date Type continued Quantity Description Buy-Back Opt 3,700,000 NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .68 KNOCK IN TRIGGERED @ .6625 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/31/04 Apr 2 Sell Option - 5,000,000 GBP CALL USD PUT FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.8 RESALE OF PURCHASED FX OPTION TRADE DATE 03/31/04 Apr 2 Write Option - 5,000,000 GBP CALL USD PUT FX EUROPEAN STYLE OPTION MAY 24, 2004 @ 1.85 KNOCK IN @ 1.87 WRITTEN FX OPTION CALL 5,000,000.00 GBP PUT 9,250,000.00 USD TRADE DATE 03/31/04 Apr 2 Buy-Back Opt 30,000,000 AUD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 27, 2004 @ .76 KNOCK IN TRIGGERED @ .7475 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/31/04 Apr 2 Buy-Back Opt 5,500,000 AUD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .77 KNOCK IN @ TRIGGERED @ .755 KNOCK OUT @ .7965 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 03/31/04 - 210,691.00 - 1,077,300.00 103,600.00 260,550.00 Amount USD - 169,578.00 EFTA01553776 04 Settlement Date Apr 2 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 58 of 82 U S Dollar Activity by Date Type continued Quantity Description Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.767000000 TRADE 3/31/04 VALUE 4/02/04 AUSTRALIA DOLLAR U S DOLLAR Apr 2 Spot FX - 20,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL AUD SPOT RATE : 0.762500000 TRADE 3/31/04 VALUE 4/02/04 U S DOLLAR AUSTRALIA DOLLAR Apr 2 Apr 2 Sale Spot FX - 2,037,333 10,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.763900000 TRADE 4/01/04 VALUE 4/02/04 AUSTRALIA DOLLAR U S DOLLAR Apr 5 Buy-Back Opt 3,400,000 GBP PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ 1.865 KNOCK IN TRIGGERED @ 1.8285 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 04/01/04 2,037,333.00 - 7,639,000.00 Amount USD - 7,670,000.00 15,250,000.00 - 300,563.00 EFTA01553777 04 Settlement Date Apr 5 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 59 of 82 U S Dollar Activity by Date Type continued Quantity Description Buy-Back Opt 3,800,000 GBP PUT USD CALL FX EUROPEAN STYLE OPTION APR 22, 2004 @ 1.84 KNOCK IN TRIGGERED @ 1.8250 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 04/01/04 Apr 5 Buy-Back Opt 2,200,000 GBP PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ 1.865 KNOCK IN TRIGGERED @ 1.8285 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 04/01/04 Apr 5 Apr 6 Sale Free Delivery - 550,753 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) - 1 INTEREST RATE SWAP 30,000,000 USD NOTIONAL 3/9/2014 REC FLOATING RATE QUARTERLY 3 MONTH LIBOR PAY: FIXED RATE SEMI-ANNUAL 4.205$ ACTUAL/360 SWAP UNWIND JPMORGAN CHASE BANK TRADE DATE 04/02/04 Apr 6 Misc. Receipt INTEREST RATE SWAP 30,000,000 USD NOTIONAL 3/9/2014 REC FLOATING RATE QUARTERLY 3 MONTH LIBOR PAY: FIXED RATE SEMI-ANNUAL 4.205$ ACTUAL/360 SWAP UNWIND 650,000.00 550,753.00 - 195,303.00 Amount USD - 54,887.00 EFTA01553778 04 Settlement Date Apr 6 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 60 of 82 U S Dollar Activity by Date Type continued Quantity Description Spot FX - 5,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NZD SPOT RATE : 0.657500000 TRADE 4/02/04 VALUE 4/06/04 U S DOLLAR N ZEALAND DOLLAR Apr 6 Spot FX 5,000,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.831200000 TRADE 4/02/04 VALUE 4/06/04 POUND STERLING U S DOLLAR Apr 6 Spot FX - 5,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.830800000 TRADE 4/02/04 VALUE 4/06/04 U S DOLLAR POUND STERLING Apr 6 Spot FX 5,000,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.658200000 TRADE 4/02/04 VALUE 4/06/04 N ZEALAND DOLLAR U S DOLLAR Apr 6 Buy-Back Opt 3,350,000 NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .68 KNOCK IN TRIGGERED @ .6625 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 04/02/04 - 3,291,000.00 - 9,156,000.00 Amount USD 3,287,500.00 9,154,000.00 - 166,977.00 EFTA01553779 04 Settlement Date Apr 6 Apr 7 JPMorgan Chase Bank 2004 Account Number: M FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 61 of 82 U S Dollar Activity by Date Type continued Quantity Description Purchase Spot FX 477,523 15,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.202000000 TRADE 4/05/04 VALUE 4/07/04 EURO PRINCIPAL CURRENCY U S DOLLAR Apr 7 Spot FX - 15,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.204500000 TRADE 4/05/04 VALUE 4/07/04 U S DOLLAR EURO PRINCIPAL CURRENCY Apr 7 Apr 8 Purchase Spot FX 37,500 - 10,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NZD SPOT RATE : 0.650000000 TRADE 4/05/04 VALUE 4/08/04 U S DOLLAR U ZEALAND DOLLAR Apr 8 Spot FX - 10,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL AUD SPOT RATE : 0.751700000 TRADE 4/05/04 VALUE 4/08/04 U S DOLLAR AUSTRALIA DOLLAR 7,517,000.00 - 37,500.00 6,500,000.00 Amount USD - 477,523.00 - 18,030,000.00 18,067,500.00 EFTA01553780 04 Settlement Date Apr 8 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 62 of 82 U S Dollar Activity by Date Type continued Quantity Description Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.648700000 TRADE 4/06/04 VALUE 4/08/04 N ZEALAND DOLLAR U S DOLLAR Apr 8 Apr 8 Sale Spot FX - 65,000 10,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.759500000 TRADE 4/07/04 VALUE 4/08/04 AUSTRALIA DOLLAR U S DOLLAR Apr 13 Fwd FX Ctrct 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.762800000 TRADE 4/06/04 VALUE 4/13/04 Apr 13 Buy-Back Opt 6,000,000 GBP PUT USD CALL FX EUROPEAN STYLE OPTION APR 22, 2004 @ 1.84 KNOCK IN TRIGGERED @ 1.8250 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 04/07/04 Amount USD - 6,487,000.00 65,000.00 - 7,595,000.00 - 7,628,000.00 - 96,048.00 EFTA01553781 04 Settlement Date Apr 13 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 63 of 82 U S Dollar Activity by Date Type continued Quantity Description Write Option - 10,000,000 AUD CALL USD PUT FX EUROPEAN STYLE OPTION APR 08, 2004 8 .767 WRITTEN FX OPTION CALL 10,000,000.00 AUD PUT 7,670,000.00 USD TRADE DATE 04/07/04 Apr 13 Spot FX - 10,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL AUD SPOT RATE : 0.763000000 TRADE 4/08/04 VALUE 4/13/04 U S DOLLAR AUSTRALIA DOLLAR Apr 13 Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.658400000 TRADE 4/08/04 VALUE 4/13/04 U ZEALAND DOLLAR U S DOLLAR Apr 13 Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.760300000 TRADE 4/08/04 VALUE 4/13/04 AUSTRALIA DOLLAR U S DOLLAR Apr 13 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.760000000 TRADE 4/02/04 VALUE 4/13/04 - 6,584,000.00 7,630,000.00 Amount USD 27,229.00 - 7,603,000.00 7,600,000.00 EFTA01553782 04 Settlement Date Apr 13 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 64 of 82 U S Dollar Activity by Date Type continued Quantity Description Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.660600000 TRADE 4/02/04 VALUE 4/13/04 Apr 13 Apr 14 Sale Purchase Opt - 47,819 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 30,000,000 EUR PUT USD CALL FX EUROPEAN STYLE OPTION APR 15, 2004 @ 1.18 PURCHASED FX OPTION PUT 30,000,000.00 EUR CALL 35,400,000.00 USD TRADE DATE 04/08/04 Apr 14 Buy-Back Opt 51,375,000 NOK CALL USD PUT FX EUROPEAN STYLE OPTION APR 28, 2004 @ 6.85 KNOCK IN @ 6.75 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 04/08/04 Apr 14 Buy-Back Opt 10,000,000 EUR CALL USD PUT FX EUROPEAN STYLE OPTION APR 28, 2004 @ 1.23 KNOCK IN @ 1.25 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 04/12/04 - 35,670.00 - 41,250.00 Amount USD 6,606,000.00 47,819.00 - 23,718.00 EFTA01553783 04 Settlement Date Apr 14 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 65 of 82 U S Dollar Activity by Date Type continued Quantity Description Sell Option - 20,000,000 NZD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 13, 2004 @ .66 KNOCK OUT @ .62 KNOCK OUT @ .68 BARRIER EXP 4/13/04 RESALE OF PURCHASED FX OPTION TRADE DATE 04/12/04 Apr 14 Apr 15 Purchase Expired Opt 279,522 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) - 30,000,000 EUR PUT USD CALL FX EUROPEAN STYLE OPTION APR 15, 2004 @ 1.18 Apr 15 Write Option - 20,000,000 EXPIRATION OF PURCHASED FX OPTION NZD CALL USD PUT FX EUROPEAN STYLE OPTION APR 14, 2004 @ .6525 WRITTEN FX OPTION CALL 20,000,000.00 NZD PUT 13,050,000.00 USD TRADE DATE 04/13/04 Apr 15 Buy-Back Opt 3,900,000 EUR PUT USD CALL FX EUROPEAN STYLE OPTION OCT 27, 2004 @ 1.22 KNOCK IN @ 1.202 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 04/13/04 - 214,348.00 48,285.00 - 279,522.00 Amount USD 380,160.00 EFTA01553784 04 Settlement Date Apr 15 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 66 of 82 U S Dollar Activity by Date Type continued Quantity Description Buy-Back Opt 14,500,000 EUR PUT USD CALL FX EUROPEAN STYLE OPTION OCT 27, 2004 @ 1.2 KNOCK IN TRIGGERED @ 1.1885 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 04/13/04 Apr 15 Buy-Back Opt 5,000,000 EUR PUT USD CALL FX EUROPEAN STYLE OPTION OCT 27, 2004 @ 1.2 KNOCK IN TRIGGERED @ 1.1885 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 04/13/04 Apr 15 Apr 15 Sale Spot FX - 1,044,865.89 105,950,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - BUY BUY JPY SELL USD SPOT RATE : 105.950000000 TRADE 4/13/04 VALUE 4/15/04 JAPANESE YEN U S DOLLAR Apr 15 Spot FX - 105,950,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL JPY SPOT RATE : 106.680000000 TRADE 4/13/04 VALUE 4/15/04 U S DOLLAR JAPANESE YEN 1,044,865.89 - 1,000,000.00 - 217,200.00 Amount USD - 685,560.00 993,157.11 EFTA01553785 04 Settlement Date Apr 15 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 67 of 82 U S Dollar Activity by Date Type continued Quantity Description Spot FX - 7,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.196300000 TRADE 4/13/04 VALUE 4/15/04 U S DOLLAR EURO PRINCIPAL CURRENCY Apr 15 Spot FX 7,000,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.191900000 TRADE 4/13/04 VALUE 4/15/04 EURO PRINCIPAL CURRENCY U S DOLLAR Apr 16 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.760000000 TRADE 4/08/04 VALUE 4/16/04 Apr 16 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.762800000 TRADE 4/08/04 VALUE 4/16/04 Apr 16 Fwd FX Ctrct 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.762800000 TRADE 4/08/04 VALUE 4/16/04 Apr 16 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.662800000 TRADE 4/12/04 VALUE 4/16/04 - 8,343,300.00 Amount USD 8,374,100.00 7,600,000.00 7,628,000.00 - 7,628,000.00 6,628,000.00 EFTA01553786 04 Settlement Date Apr 16 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 68 of 82 U S Dollar Activity by Date Type continued Quantity Description Write Option - 14,000,000 AUD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 14, 2004 @ .73 KNOCK IN @ .71 KNOCK OUT @ .7695 WRITTEN FX OPTION PUT 14,000,000.00 AUD CALL 10,220,000.00 USD TRADE DATE 04/14/04 Apr 16 Write Option - 20,000,000 NZD PUT USD CALL FX EUROPEAN STYLE OPTION APR 15, 2004 @ .6345 WRITTEN FX OPTION PUT 20,000,000.00 NZD CALL 12,690,000.00 USD TRADE DATE 04/14/04 Apr 16 Apr 16 Purchase Spot FX 1,054,808 10,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.639800000 TRADE 4/15/04 VALUE 4/16/04 N ZEALAND DOLLAR U S DOLLAR Apr 16 Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.734300000 TRADE 4/15/04 VALUE 4/16/04 AUSTRALIA DOLLAR U S DOLLAR - 1,054,808.00 - 6,398,000.00 55,328.00 Amount USD 347,480.00 - 7,343,000.00 EFTA01553787 04 Settlement Date Apr 16 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 69 of 82 U S Dollar Activity by Date Type continued Quantity Description Write Option - 10,000,000 TURKISH LIRA KNOCK IN PUT OPTION 10,000,000 USD NOTIONAL 14 TRILLION TRL NOTIONAL MAY 14 2004 @ 1,400,000 KNOCK IN @ 1,420,000 TURKISH LIRA PUT OPTION TRADE DATE 04/15/04 Apr 19 Buy-Back Opt 5,000,000 GBP CALL USD PUT FX EUROPEAN STYLE OPTION MAY 24, 2004 @ 1.85 KNOCK IN @ 1.87 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 04/15/04 Apr 19 Write Option - 20,000,000 NZD PUT USD CALL FX EUROPEAN STYLE OPTION APR 16, 2004 @ .6375 WRITTEN FX OPTION PUT 20,000,000.00 NZD CALL 12,750,000.00 USD TRADE DATE 04/15/04 Apr 19 Buy-Back Opt 10,000,000 EUR CALL USD PUT FX EUROPEAN STYLE OPTION APR 28, 2004 @ 1.23 KNOCK IN @ 1.25 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 04/15/04 Apr 19 Misc. Disbursement WALT DISNEY CO EQUITY SWAP 24,954,900 USD NOTIONAL JAN 19 2005 DEAL REF t 2353480 WALT DISNEY CO EQUITY SWAP QUARTERLY INTEREST PAYMENT - 85,341.38 - 18,450.00 39,270.00 Amount USD 165,000.00 - 32,375.00 EFTA01553788 04 Settlement Date Apr 19 Apr 20 JPMorgan Chase Bank 2004 Account Number: M FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 70 of 82 U S Dollar Activity by Date Type continued Quantity Description Sale Purchase Opt - 96,896.38 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 5,000,000 GBP CALL USD PUT FX EUROPEAN STYLE OPTION OCT 18, 2004 @ 1.81 KNOCK OUT @ 1.7695 BARRIER EXP 5/18/2004 PURCHASED FX OPTION CALL 5,000,000.00 GBP PUT 9,050,000.00 USD TRADE DATE 04/16/04 Apr 20 Apr 22 Sale Fwd FX Ctrct - 98,645 105,470,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SETTLE FORWARD CURRENCY CONTRACT BUY JPY SELL USD CONTRACT RATE : 105.470000000 TRADE 4/13/04 VALUE 4/22/04 Apr 22 Fwd FX Ctrct - 10,020,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL HUF CONTRACT RATE : 210.490000000 TRADE 4/16/04 VALUE 4/22/04 Apr 22 Purchase 38,447.79 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 98,645.00 - 1,000,000.00 Amount USD 96,896.38 - 98,645.00 47,603.21 - 38,447.79 EFTA01553789 04 Settlement Date Apr 22 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 71 of 82 U S Dollar Activity by Date Type continued Quantity Description Spot FX - 105,470,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL JPY SPOT RATE : 109.000000000 TRADE 4/21/04 VALUE 4/22/04 U S DOLLAR JAPANESE YEN Apr 22 Spot FX - 19,537.34 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.189000000 TRADE 4/21/04 VALUE 4/22/04 U S DOLLAR EURO PRINCIPAL CURRENCY Apr 23 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.733600000 TRADE 4/15/04 VALUE 4/23/04 Apr 23 Apr 23 Purchase Spot FX 36,000 10,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.730000000 TRADE 4/21/04 VALUE 4/23/04 AUSTRALIA DOLLAR U S DOLLAR 7,336,000.00 Amount USD 967,614.68 23,229.90 - 36,000.00 - 7,300,000.00 EFTA01553790 04 Settlement Date Apr 26 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 72 of 82 U S Dollar Activity by Date Type continued Quantity Description FX Option Assignment 5,200,000 GBP PUT USD CALL FX EUROPEAN STYLE OPTION APR 22, 2004 @ 1.84 KNOCK IN TRIGGERED @ 1.8250 WRITTEN FX OPTION ASSIGNED CALL 5,200,000.00 GBP PUT 9,568,000.00 USD TRADE DATE 04/22/04 Apr 26 FX Opt Asgn'D 5,200,000 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION BUY GBP SELL USD TRADE 4/22/04 VALUE 4/26/04 Apr 26 Write Option - 10,000,000 NZD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 21, 2004 @ .625 KNOCK IN @ .6090 KNOCK OUT @ .6500 WRITTEN FX OPTION PUT 10,000,000.00 NZD CALL 6,250,000.00 USD TRADE DATE 04/22/04 Apr 26 Apr 26 sale Spot FX - 141,965 - 5,200,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.775800000 TRADE 4/22/04 VALUE 4/26/04 U S DOLLAR POUND STERLING 141,965.00 9,234,160.00 - 9,568,000.00 Amount USD 191,875.00 EFTA01553791 04 Settlement Date Apr 27 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 73 of 82 U S Dollar Activity by Date Type continued Quantity Description Fwd FX Ctrct 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.189400000 TRADE 4/21/04 VALUE 4/27/04 Apr 27 Write Option - 10,000,000 AUD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 25, 2004 @ .7275 KNOCK IN @ .72 KNOCK OUT @ .7625 WRITTEN FX OPTION PUT 10,000,000.00 AUD CALL 7,275,000.00 USD TRADE DATE 04/22/04 Apr 27 Spot FX - 5,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.190100000 TRADE 4/22/04 VALUE 4/27/04 U S DOLLAR EURO PRINCIPAL CURRENCY Apr 27 Spot FX 1,272,000,000 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 212.000000000 TRADE 4/23/04 VALUE 4/27/04 HUNGARIAN FORINT U S DOLLAR Apr 27 Spot FX - 2,500,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.771800000 TRADE 4/23/04 VALUE 4/27/04 U S DOLLAR POUND STERLING - 6,000,000.00 5,950,500.00 Amount USD - 5,947,000.00 246,623.00 4,429,500.00 EFTA01553792 04 Settlement Date Apr 27 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 74 of 82 U S Dollar Activity by Date Type continued Quantity Description Spot FX 2,500,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.770500000 TRADE 4/23/04 VALUE 4/27/04 POUND STERLING U S DOLLAR Apr 27 Spot FX 2,500,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.183200000 TRADE 4/23/04 VALUE 4/27/04 EURO PRINCIPAL CURRENCY U S DOLLAR Apr 27 Spot FX - 2,500,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.182700000 TRADE 4/23/04 VALUE 4/27/04 U S DOLLAR EURO PRINCIPAL CURRENCY Apr 27 Apr 27 Purchase Spot FX 254,104.78 - 1,272,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - SALE BUY USD SELL HUF SPOT RATE : 211.930000000 TRADE 4/26/04 VALUE 4/27/04 U S DOLLAR HUNGARIAN FORINT Apr 28 Fwd FX Ctrct 2,500,000 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.730700000 TRADE 4/23/04 VALUE 4/28/04 - 1,826,750.00 - 254,104.78 6,001,981.78 Amount USD - 4,426,250.00 - 2,958,000.00 2,956,750.00 EFTA01553793 04 Settlement Date Apr 28 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 75 of 82 U S Dollar Activity by Date Type continued Quantity Description Fwd FX Ctrct - 2,500,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.731600000 TRADE 4/23/04 VALUE 4/28/04 Apr 28 Spot FX 847,880,000 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 211.970000000 TRADE 4/26/04 VALUE 4/28/04 HUNGARIAN FORINT U S DOLLAR Apr 28 Spot FX 1,272,000,000 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 212.000000000 TRADE 4/26/04 VALUE 4/28/04 HUNGARIAN FORINT U S DOLLAR Apr 28 Apr 28 Purchase Spot FX 49,074.64 - 1,059,940,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - SALE BUY USD SELL HUF SPOT RATE : 211.000000000 TRADE 4/27/04 VALUE 4/28/04 U S DOLLAR HUNGARIAN FORINT Apr 28 Spot FX - 1,059,940,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL HUF SPOT RATE : 211.000000000 TRADE 4/27/04 VALUE 4/28/04 U S DOLLAR HUNGARIAN FORINT 5,023,412.32 Amount USD 1,829,000.00 - 4,000,000.00 - 6,000,000.00 - 49,074.64 5,023,412.32 EFTA01553794 04 Settlement Date Apr 29 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 76 of 82 U S Dollar Activity by Date Type continued Quantity Description Expired Opt 10,000,000 GBP CALL USD PUT FX EUROPEAN STYLE OPTION APR 28, 2004 @ 1.845 KNOCK IN @ 1.8650 Apr 29 Expired Opt 51,375,000 EXPIRATION OF WRITTEN FX OPTION NOK CALL USD PUT FX EUROPEAN STYLE OPTION APR 28, 2004 @ 6.85 KNOCK IN @ 6.75 EXPIRATION OF WRITTEN FX OPTION Apr 29 Spot FX 1,059,940,000 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 211.000000000 TRADE 4/27/04 VALUE 4/29/04 HUNGARIAN FORINT U S DOLLAR Apr 29 Buy-Back Opt 3,000,000 EUR PUT CHF CALL FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.525 KNOCK IN @ 1.52 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 04/27/04 Apr 29 Buy-Back Opt 2,800,000 GBP CALL USD PUT FX EUROPEAN STYLE OPTION MAY 24, 2004 @ 1.85 KNOCK IN @ 1.87 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 04/27/04 Apr 29 Sale - 51,554.53 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 51,554.53 - 9,842.00 - 5,023,412.32 Amount USD - 10,187.00 EFTA01553795 04 Settlement Date Apr 29 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 77 of 82 U S Dollar Activity by Date Type continued Quantity Description Spot FX - 425,660,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL HUF SPOT RATE : 212.830000000 TRADE 4/28/04 VALUE 4/29/04 U S DOLLAR HUNGARIAN FORINT Apr 29 Spot FX - 634,280,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL HUF SPOT RATE : 212.000000000 TRADE 4/28/04 VALUE 4/29/04 U S DOLLAR HUNGARIAN FORINT Apr 30 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.729300000 TRADE 4/21/04 VALUE 4/30/04 Apr 30 Spot FX - 3,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.788900000 TRADE 4/27/04 VALUE 4/30/04 U S DOLLAR POUND STERLING Apr 30 Spot FX - 7,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.789800000 TRADE 4/27/04 VALUE 4/30/04 U S DOLLAR POUND STERLING 12,528,600.00 7,293,000.00 2,991,886.79 Amount USD 2,000,000.00 5,366,700.00 EFTA01553796 04 Settlement Date Apr 30 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 78 of 82 U S Dollar Activity by Date Type continued Quantity Description Write Option - 70,000,000 ZAR PUT USD CALL FX EUROPEAN STYLE OPTION JUN 03, 2004 @ 7. KNOCK IN @ 7.15 WRITTEN FX OPTION PUT 70,000,000.00 ZAR CALL 10,000,000.00 USD TRADE DATE 04/28/04 Apr 30 FX Option Assignment 10,000,000 GBP PUT USD CALL FX EUROPEAN STYLE OPTION APR 28, 2004 @ 1.79 KNOCK IN TRIGGERED @ 1.77 WRITTEN FX OPTION ASSIGNED CALL 10,000,000.00 GBP PUT 17,900,000.00 USD TRADE DATE 04/28/04 Apr 30 FX Opt Asgn'D 10,000,000 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION BUY GBP SELL USD TRADE 4/28/04 VALUE 4/30/04 Apr 30 Apr 30 Purchase Spot FX 334,300 10,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.720000000 TRADE 4/29/04 VALUE 4/30/04 AUSTRALIA DOLLAR U S DOLLAR - 17,900,000.00 Amount USD 246,000.00 - 334,300.00 - 7,200,000.00 EFTA01553797 04 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 79 of 82 In Case of Errors or Questions About Your Electronic Transfers. Contact yourMorgan Teamat one ofthe telephonenumbers on the front of this statement or write us at 5 00 Stanton ChristianaRoad, 1/OPS, Newark,DE19713-2107 as soon 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 w hich the erroror problem appeared. (1) Tellus yourname and account number. (2) Describethe erroror t he transferyou are unsure about, and explainas 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 send us your complaint or question in wri ting 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 credi t youraccount for the amount you think is 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 credit. If you think that your statement is incorrect or if you need more information about a transaction on your statement including a line of credit transaction, you must write to us on a separate sheet des cribing the error and send it to: JPMorgan, Private Bank, 500 Stanton Christiana Road, 1/OPS3, Newark, DE 19713-2107. We must hear from you no 1 ater than 60 days after the statement on which the error or problem appeared is sent. You can contac t your client service specialist but doing so will not preserve your rights. In your letter, please provide the following information: (1) your name and account 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 Funds Shares of the funds are not bank deposits and are not guaranteedby any bank, governmententity, or th e 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 estimatedann ualincome and dividendyieldfigures for mutual funds representthe funds' most recentincome dividendan nualized. J.P. Morgan Funds Distributor, Inc. is the distributor of the JPMorgan Funds and American Centurylnv estmentServices, Inc. is the distributor of the American CenturyFunds. J.P. Morgan InvestmentManagem entlnc. and American CenturylnvestmentManagement Inc. serveas investment advisors to theirrespectivefund familiesand receivecompensation from theirrespect ivefund families for providing investment advisoryand other services. If you have chosen one of the sweep mutual funds, you are notified that positions in the Prime Money Market Sweep Fund represent holdings in the JPMorgan Prime Money Market Fund; positions in the Fede ralMoney Market Sweep Fund represent holdings in the JPMorgan FederalMoneyMarketFund; and positions in the TaxExemptMoneyMarketSweep Fund representholdin gs in the JPMorgan TaxExemptMoneyMarketFund. JPMSI is the custodian of listed options and all mutual funds purchasedthrough JPMSI excludingJPMorg an and AmericanCenturyfunds. JPMSI is a memberof the Securities InvestorProtection Corporation ("SIPC"),a not-for-profit membersh ip corporation funded by broker-dealersregisteredwith the Securitiesand ExchangeCommission. Securiti esand cash held for a customer account at JPMSI are protected up to the total net equity ofeach account.. The first $500,000 of protection, which includes up to $ 100,000 of protection for cash, is providedby SIPC. As ofMarch 2004, the balanceof the protection is providedby a separateExcessSlPC SuretyBond issued by Customer Asset Protection Company. SIPCand excessSlPCprotection do not protect against losses from fluctuatio ns in the valueof the securities. Assets held in custody by JPMorgan ChaseBank(the "Bank")are not su bject to SIPCor excessSlPC protection. J.P. Morgan Securities Inc., JPMorgan Chase Bank or their affiliates (the "Morgan Companies")may pro vide administrative, custodial, sales, distribution or shareholderservices to JPMorgan Funds, Americ an Century Funds, or funds established, sponsored, advised, or managedby third parties, and the Morgan Companiesmaybe compensatedfor such services. JPMorgan Private Bank is the marketing name for the private banking business conducted by J.P.Morgan Chase & Co. through its subsidiaries worldwide, including JPMorgan Chase Bank, J.P. Morgan Trust Co mpany, N.A. and J.P. Morgan Securities Inc. EFTA01553798 04 J.P. Morgan Securities Inc. 2004 Account Number: 161121381 FINANCIAL TRUST COMPANY INC 270 Park Avenue, New York, NY 10017 Margin Account Portfolio April 01, 2004 - April 30, 2004 Page 80 of 82 Margin Account Portfolio April 1 - April 30, 2004 Table of Contents Portfolio Summary Account Officers D'ORAZIO/HORNAK Page 81 All positions in this Margin Account Portfolio are held in custody at J.P. Morgan Securities Inc. (mJPMSI"). Member SIPC. EFTA01553799 04 J.P. Morgan Securities Inc. 2004 Account Number: 161121381 FINANCIAL TRUST COMPANY INC 270 Park Avenue, New York, NY 10017 Margin Account Portfolio April 01, 2004 - April 30, 2004 Page 81 of 82 Overview Portfolio Summary IMPORTANT INFORMATION ABOUT YOUR STATEMENT Contact your client service specialist if you think your statement is incorrect or you require addit ional information about a transaction on your statement. Market Value USD Total Apr 30 0.00 Estimated Annual Income USD JPMSI is a memberof the Securities InvestorProtection Corporation ("SIPC"),a not-for-profit membersh ip corporation funded by broker-dealersregisteredwith the Securitiesand ExchangeCommission. Securiti esand cash held for a customer account at JPMSI are protected up to the total net equity ofeach account.. The first $500,000 of protection, which includes up to $ 100,000 of protection for cash, is providedby SIPC. As ofMarch 2004, the balanceof the protection is providedby a separateExcessSlPC SuretyBond issued by Customer Asset Protection Company. SIPCand excessSlPCprotection do not protect against losses from fluctuatio ns in the valueof the securities. Assets held in custody by JPMorgan ChaseBank(the "Bank")are not su bject to SIPCor excessSlPC protection. J.P. Morgan Securities Inc., JPMorgan Chase Bank or their affiliates (the "Morgan Companies")may pro vide administrative, custodial, sales, distribution or shareholderservices to JPMorgan Funds, Americ an Century Funds, or funds established, sponsored, advised, or managedby third parties, and the Morgan Companiesmaybe compensatedfor such services. EFTA01553800 04 J.P. Morgan Securities Inc. 2004 Account Number: 161121381 FINANCIAL TRUST COMPANY INC 270 Park Avenue, New York, NY 10017 Margin Account Portfolio April 01, 2004 - April 30, 2004 Page 82 of 82 IMPORTANT INFORMATION ABOUT YOUR JPMSI MARGIN ACCOUNT If there are any errors or omissions on this statement, or if you have any questions about it, pleas e contact your JPMSI Account Representative or JPMSI Compliance Department at 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 available upon your requ est. 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 operation of JPMSIs b usiness, subject to the limitations of SEC Rule 15c3-3. Unless otherwise instructed, JPMSI or its ag ents and depositories will hold your securities. Upon your demand, JPMSI will pay to you the amount of your free credit balance, and will deliver to you f ully-paid securities held on your behalf. Interest will be charged on any debit balance; the method of calculating interest is described in a letter sent to all margin customers. Upon written request, JPMSI will supply you with our most recen t 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 your Margin Account we will allocate the call by a method we deem fair and equitable. You should have received separate JPMSI trade confirmations for each securities transaction. All tra nsactions are subject to the terms and conditions stated on the reverse side of such confirmations a nd are subject to the constitution, by-laws, customs and interpretations of the marketplace where executed and governed by and construed in accordance wi th the laws of the state of New York and all applicable federal laws and regulations. You must promptly advise JPMSI of material changes in your investment objectives or financial situat ion. Unless you inform JPMSI otherwise, JPMSI will consider the information currently in its files t o be complete and accurate. JPMSI is required by law to report to the Internal Revenue Service all dividends and/or interest inc ome on bonds credited to your account during calendar year. Please retain all your statements to ass ist you in preparing your income tax returns. A financial statement of JPMSI is available for your personal inspection at its offices, or a copy o f it will be mailed upon your written request. JPMSI is not a bank and is a separate legal entity from its bank or thrift affiliates, including JPM CB. The securities sold, offered or recommended by JPMSI: (1) Are not insured by the Federal Deposit Insurance Corporation, or any other governmental agency; (2) Are not deposits or other obligations of JPMSI's bank or thrift affiliates (unless otherwise ind lasted), and are not guaranteed by or the responsibility of any such affiliates(unless explicitly st ated 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 underwrites, in which case proceeds of offerings underwritten by JPMSI may be used for the repayment of such loans, and yo u should refer to the disclosure documents relating 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 y our continuing to transact business with JPMSI will constitute your consent to the sharing of such information by JPMSI and its bank or thrift affiliate s, to the extent permitted by law. JPMorgan Private Bank is the marketing name for the private banking business conducted by J.P. Morga n Chase a Co. through its subsidiaries worldwide, including JPMCB and JPMSI. EFTA01553801