EFTA01507389.pdf

07 12004 JPMorgan Chase Bank 345 Park Avenue, New York, NY 10154-1002 JPMorgan Private Bank Account Number Asset Account Portfolio Page 8 of 65 FINANCIAL TRUST COMPANY INC July 01, 2O04 • July 31, 2004 Equity Research Ratings Independent, third party research is available for 18 months after JPMorgan Securities, Inc. terminates coverage. Clients can access this research at www.privatedientjpmorgan.com or can call their JPMorgan representative at their toll free number to request that a copy of this research be sent to them. Equity Research Ratings for any company where JPMSI has terminated coverage are excluded below. For explanation of JPMSI ratings, see dsclaimer section at end of statement. For third party ratings systems, see specific third party research at wwwprivatechent jpmorgan.com. Equity Holdings in Alphabetical Order DescrtproorVirckar Ramps TOO INC TOO JPMSI: NEUTRAL MRNGSTAR: 3 stars Confidential Treatment Requested by JPMorgan JPM-SDNY-00032424 Chase CONFIDENTIAL SDNY_GM_00301622 EFTA01507389