EFTA01558273.pdf

10 Alert! If you plan to make gifts of securities this year, please notify us before December 1, 2006. This will enable us to process your request prior to year-end and meet the deadline for tax-filing purposes. 2006 Confidential FINANCIAL TRUST COMPANY INC Page 1 of 15 J.P. Morgan Portfolios October 1 - October 31, 2006 Table of Contents Page Account Summary Asset Account Portfolio Margin Account Portfolio JPMCB JPMSI 2 3 11 000000.0000.00.0000.000.000000000.000000 00001 FINAN18 FINANCIAL TRUST COMPANY INC ATTN: JEFFREY E EPSTEIN C/O AMERICAN YACHT HARBOR 6100 RED HOOK, QUARTERS ►B3 ST THOMAS 00802 US VIRGIN ISLDS EFTA01558273 10 2006 Portfolio Summary FINANCIAL TRUST COMPANY INC October 01, 2006 - October 31, 2006 Page 2 of 15 Portfolio Summary Net Worth Summary Asset Portfolio USD Assets(Long) Cash fi Short Term Equities Total Accrued Income Total Net Worth Income Summary Taxable Interest Dividends Total 4,182,004.34 4.34 4,182,000.00 4,182,004.34 0.00 4,182,004.34 Margin Portfolio USD 33.49 33.49 0.00 33.49 0.00 33.49 4,182,037.83 37.83 4,182,000.00 4,182,037.83 0.00 4,182,037.83 This Period 0.02 0.02 Year to Date 22,356.68 12,067.42 34,424.10 JPMorgan provides this Portfolio Summary for informational purposes. This summary includes informati on about assets held at JPMorgan Chase Bank, N.A. (JPMCB) and J.P. Morgan Securities, Inc. (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 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 EFTA01558274 10 JPMorgan Chase Bank, N.A. 2006 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2006 - October 31, 2006 Page 3 of 15 Asset Account Portfolio October 1 - October 31, 2006 Table of Contents Portfolio Summary Cash and Short Term Equities Equity Research Ratings Account Transactions Account Officers MARIA HORNAK FRANCISCO VILLACIS AMY WEBB Page 4 5 6 7 8 1- EFTA01558275 10 JPMorgan Chase Bank, N.A. 2006 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2006 - October 31, 2006 Page 4 of 15 Overview Current Market Value USD Portfolio Summary Except for the Deposit Account (if elected), and the cash in your Asset Account, which are insured deposits with JPMorgan Chase Bank, N.A. ("JPMCB") or Chase Bank USA, N.A. ("CHASE USA"), 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 CHASE USA or any of their 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 100t Equities Cash S Short Term Equities Total Accrued Income Total Portfolio Value Oct 31 4.34 4,182,000.00 4,182,004.34 0.00 4,182,004.34 Income Summary Taxable Interest Dividends Total Prior Period Market Value USD Sep 30 4.32 3,760,000.00 3,760,004.32 0.02 3,760,004.34 Tax Cost USD 4.34 4.34 Estimated Annual Income USD 0.21 0.21 Yield 4.9 0.0 0.0 This Period USD 0.02 0.02 Year to Date USD* 22,259.23 11,611.52 33,870.75 EFTA01558276 10 JPMorgan Chase Bank, N.A. 2006 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2006 - October 31, 2006 Page 5 of 15 Cash and Short Term Summary by Maturity Current Market Value USD Cash Total 4.34 4.34 Estimated Annual Income USD 0.21 0.21 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 US DOLLAR USD 4.34 1.00 1.00 4.34 4.34 0.21 4.89 Currency/ Unit Cost 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 EFTA01558277 10 JPMorgan Chase Bank, N.A. 2006 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2006 - October 31, 2006 Page 6 of 15 Equities Independent, third party research selected by an Independent Consultant for certain companies covere d by JPMorgan Securities, Inc. is available to clients of JPMSI at no cost. Clients can access this research at www.privateclient.jpmorgan.com or can call their JPMorgan representative at their toll free number t o request that a copy of this research be sent to them. When JPMorgan drops coverage of a company, independent resear ch will continue to be provided for an 18-month period, when available. Refer to Equity Research Ratings sec tion for research ratings on client holdings, if applicable. Note: C indicates Equity covered by JPMSI. Equity Holdings in Alphabetical Order Description Cusip/Symbol Currency/ Account Type Quantity Unit Cost Current Market Price Tax Cost Current Market Value USD USD Accrued Dividends USD Unrealized Gain/Loss USD Annual Dividend Income USD Yield % Estimated C TWEEN BRANDS INC 901166-10-8 TWB USD Total Equity 100,000 100,000 41.82 4,182,000.00 4,182,000.00 N/A 0.00 N/A 0.0 EFTA01558278 10 JPMorgan Chase Bank, N.A. 2006 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2006 - October 31, 2006 Page 7 of 15 Equity Research Ratings Independent, third party research is available for 18 months after JPMorgan Securities, Inc. termina tes coverage. Clients can access this research at www.privateclient.jpmorgan.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 comp any where JPMSI has terminated coverage are excluded below. For explanation of JPMSI ratings, see disclaimer section at end of statement. For third party ratings systems, see specific third party research at www.privateclient.j pmorgan.com. Equity Holdings in Alphabetical Order Description/Ticker TWEEN BRANDS INC TWB Ratings JPMSI: NEUTRAL MRNGSTAR: 1 star Providers: ARGUSRES = Argus Research Corporation; BOE SECR = BOE Securities; MRNGSTAR = Morningstar; REN CAP = Renaissance Capital; S&P = Standard d Poor's 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. EFTA01558279 10 JPMorgan Chase Bank, N.A. 2006 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2006 - October 31, 2006 Page 8 of 15 Account Transactions Cash Activity Summary Amount this Period USD Beginning Balance Credits Dividends Taxable Interest Sweep Account Sales Miscellaneous Receipts Debits Sweep Account Purchases Miscellaneous Disbursements Ending Balance *Year to date information is calculated on a calendar year basis. 4.34 - 58,765.99 - 2,597,661.68 .02 4.32 11,611.52 22,259.23 2,552,677.92 69,883.34 Amount Year to Date USD* Activity by Date Type Settlement Date Oct 2 Interest Quantity Description DEPOSIT SWEEP INTEREST FOR SEPT 5.212% ON NET AVERAGE COLLECTED BALANCE OF $4.32 AS OF 10/01/06 Amount USD 0.02 EFTA01558280 10 JPMorgan Chase Bank, N.A. 2006 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2006 - October 31, 2006 Page 9 of 15 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 errorand send it to: JPMorgan Private Bank, 500 Stanton ChristianaRoad, 1/OPS3, Newark,DE19713-2107. We must hearfrom you no laterthan 60 days afterthe stat ement on which the erroror problem appearedis sent. You can contact yourclient servicespecialistbut doing so will not preserveyour rights. In your letter, please provide the following information: (1) your name and account number; (2) the dollaramount of the suspected error; and (3) a description of the errorand explanation, if you can, why you believethere is an error. Ifyou need more information, you must describe the item you are unsure about. Important Information about Pricing and Valuations Market value information (including without limitation, prices, exchange rates, accrued income and b and ratings) furnished herein has been obtained from sources that the Bank believesto be reliableand is furnished for the exclusiveuse of the client. The Bank makes no representation, warrantyor guarantee,expressor implied, that anyquoted valuerepresentsthe actual term s at which transactions or securities could be bought or sold or new transactions could be enteredin to, or the actual terms on which existing transactions or securities could be liquidated. The current price is the valueofthe financialasset share, unit or contract as priced at the close of the marketon the last dayofthe statement periodor the last availableprice. All valuesprovidedfor structured yielddeposits (forexample,JPMorgan London Time Deposits) reflectthe originaldeposit amount only. The current valuefor RealEstate, Minerallnterestsand MiscellaneousAssets maynot reflectthe most curr ent valueof the asset. Valuations of over-the-counterderivativetransactions, including certain derivatives-relateddeposit p roducts, have been preparedon a mid-market basis. These valuations are indicative values as of the c lose of business of the date of this statement and, except as otherwise agreedin writing, these valuationsdo not representthe actual terms at which transactions or securiti es could be bought or sold or new transactions could be enteredinto, or the actual terms on which ex isting transactions or securities could be liquidatedas of the date of this statement. We do not warrant their completeness or accuracy. These valuationsare derivedfrom proprie tarymodels basedupon well-recognizedfinancialprinciples and we have, when necessaryto calculate the present valueof future cash flows, made reasonable estimates about relevantfuture market conditions. Valuations based on other models or different assumptions ma y yield different results. Morgan expresslydisclaims any responsibility for (1) the accuracyof the m odels or estimates used in deriving the valuations, (2) any errors or omissions in computing or disseminating the valuations, and (3)anyuses to which the valuationsare pu t. Valuationsare providedfor information purposes only and are intendedsolelyfor yourown use. Please referto the trade confirmation for details ofeach transaction. At yourrequest, assets maybe reflectedhereineventhough they are held by a third partyunaffiliatedwit h JPMorgan. In such case, unless JPMorgan otherwise agrees,JPMorgan has no responsibilityfor the ver ification,valuation, safekeepingor managementofthose assets. Pleasereviewyourstatement promptly and report anydiscrepanciesimmediatelyto an account officerwhose name appearson the contact page of this statement. JPMSI is the custodian of listed options and most mutual funds, including third partymutual funds, p urchasedthrough JPMSI. You should have receivedseparateJPMSI confirmations for each securities transaction. All transaction s are subject to the terms and conditions stated on the reverseside of such confirmations and are su bject to the constitution, by-laws, customs and interpretationsof the marketplacewhere executedand governedby and construed in accordance with the laws of the State of Ne w Yorkand all applicablefederallaws and regulations. Furtherinformation with respect to commissions and other charges relatedto the execution of transactions, including options transactions, has been included in confirmations that were previouslyfurnishedto y ou. Upon written request, JPMSI will promptly supply you with the latest such information. Shareholdersof certain JPM Funds are chargeda redemption fee equalto 24 of the proceeds if they exch EFTA01558281 angeor redeemshares ofsuch funds within 60 days of purchase, subject to certain exceptions set forth in the prospectus of the applicableFund. Pleaseconsult your JPMorgan representativefora list of the JPM Funds that impose redemption fees. 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 Chase Bank, N.A. (the "Bank")ar e not subject to SIPCor excess SIPCprotection. J.P. Morgan Securities Inc., JPMorgan Chase Bank, N.A. or their affiliates(the "Morgan Companies")ma yprovide administrative,custodial, sales, distribution or shareholderservicesto JPMorgan Funds, Amer icanCenturyFunds, or funds established, sponsored, advised, or managedby third parties, and the Morgan Companiesmaybe compensatedfor such services. EFTA01558282 10 Overweight: Neutral: JPMorgan Chase Bank, N.A. 2006 Account Number: FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2006 - October 31, 2006 Page 10 of 15 Explanation of JPMSI Ratings: Underweight: Independent Research Ratings: JPMorgan uses the following rating system: Over the next six to twelve months, we expect this stock will outperform the average total return of the stocks in the analyst's (or the analyst's team's) coverage universe. Over the next six to twelve months, we expect this stock will perform in line with the average total return of the stocks in the analyst's (or the analyst's team's) coverage universe. Over the next six to twelve months, we expect this stock will under-perform the average total return of the stocks in the analyst's (or the analyst's team's) coverage universe. JPMSI does not endorse or otherwise adopt the IndependentResearchProviderresearchand/or ratings. Dif ferentfirms use a varietyof ratings terms as well as differentratings systems to describe their reco mmendations. JPMSI uses a "relative"ratings system as describedabove. IRPsmayuse a differentratings system, such as as an "abs olute"ratings system and use such terms as "buy", "hold", or "sell". Since "relative"and "absolute"r atings systems are fundamentallydifferent, you should read carefully the definitions of all ratings used in the JPMSI and IRP research that is included in the research i tself. For this reason and since the research contains the basis for the ratings as well as complete information concerning the analyst's views, you should read carefully the researchand not inferits contents from the rating alone. 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, N.A., J.P. Morgan Tr ust Company, N.A. and J.P. Morgan Securities Inc. EFTA01558283 10 J.P. Morgan Securities Inc. 2006 Account Number: FINANCIAL TRUST COMPANY, INC. 270 Park Avenue, New York, NY 10017 Margin Account Portfolio October 01, 2006 - October 31, 2006 Page 11 of 15 Margin Account Portfolio October 1 - October 31, 2006 Table of Contents Portfolio Summary Cash and Short Term Account Transactions Account Officers MARIA HORNAK FRANCISCO VILLACIS AMY WEBB All positions in this Margin Account Portfolio are held in custody at J.P. Morgan Securities Inc. ("JPMSI"). Member SIPC. Page 12 13 14 1- EFTA01558284 10 J.P. Morgan Securities Inc. 2006 Account Number: FINANCIAL TRUST COMPANY, INC. 270 Park Avenue, New York, NY 10017 Margin Account Portfolio October 01, 2006 - October 31, 2006 Page 12 of 15 Overview Market Value USD Oct 31 Portfolio Summary Asset Allocation 100% Cash and Short Term Long Market Value Cash S Short Term Total Accrued Income Total Net Worth Income Summary Taxable Interest Dividends Total 33.49 33.49 33.49 0.00 33.49 This Period USD Year to Date USD* 97.45 455.90 553.35 Estimated Annual Income USD EFTA01558285 10 J.P. Morgan Securities Inc. 2006 Account Number: FINANCIAL TRUST COMPANY, INC. 270 Park Avenue, New York, NY 10017 Margin Account Portfolio October 01, 2006 - October 31, 2006 Page 13 of 15 Cash and Short Term 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 Margin Total Long Cash Total Cash S Short Term Current Currency/ Account Type Quantity Market Price Market Value USD Accrued Interest USD Estimated Current Annual Yield/ Income USD YTM Mgn 33.49 1.00 33.49 33.49 33.49 N/A EFTA01558286 10 J.P. Morgan Securities Inc. 2006 Account Number: FINANCIAL TRUST COMPANY, INC. 270 Park Avenue, New York, NY 10017 Margin Account Portfolio October 01, 2006 - October 31, 2006 Page 14 of 15 Account Transactions Cash Activity Summary Amount this Period USD Credits Dividends Taxable Interest Sales, Maturities, Redemptions Miscellaneous Receipts Debits Purchases of Securities Miscellaneous Disbursements Loan Interest Payment No Activity This Period - 1,642,500.00 - 2,353,234.80 - 1,688.40 455.90 97.45 1,007,662.23 2,988,234.79 Amount Year to Date USD* EFTA01558287 10 J.P. Morgan Securities Inc. 2006 Account Number: FINANCIAL TRUST COMPANY, INC. 270 Park Avenue, New York, NY 10017 Margin Account Portfolio October 01, 2006 - October 31, 2006 Page 15 of 15 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. 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 Chase Bank, N.A. (the "Bank")ar e not subject to SIPCor excess SIPCprotection. J.P. Morgan Securities Inc., JPMorgan Chase Bank, N.A. or their affiliates(the "Morgan Companies")ma yprovide administrative,custodial, sales, distribution or shareholderservicesto JPMorgan Funds, Amer icanCenturyFunds, or funds established, sponsored, advised, or managedby third parties, and the Morgan Companiesmaybe compensatedfor such services. 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 brokerageactivity: T his statement combines your generalmargin account with the special memorandum account requiredby Sec tion 220.6 Regulation T. As requiredby Regulation T, a permanentrecordofyourseparateaccount is availableupon yourrequest. 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 segregatedand may be used in the operation of JPMSIs bu siness, subject to the limitations of SECRule 15c3-3. Unless otherwise instructed, JPMSI or its agen is and depositories will hold your securities. Upon your demand, JPMSI will payto you the amount ofyourfree credit balance,and will deliverto you fully-paidsecuritie s held on yourbehalf. Interestwill be chargedon anydebit balance; the method ofcalculating interest is describedin a lette rsent to all margin customers. You should have receivedseparateJPMSI confirmations for each securities transaction. All transaction s are subject to the terms and conditions stated on the reverseside of such confirmations and are su bject to the constitution by-laws, customs and interpretationsof the marketplacewhere executedand governedby and construed in accordance with the laws of the State of Ne w Yorkand all applicablefederallaws and regulations. Furtherinformation with respect to commissions and other charges relatedto the execution of transactions, including options transactions, has been included in confirmations that were previouslyfurnishedto y ou. Upon written request, JPMSI will promptly supply you with the latest such information. Ifa partialcall is made with respect to an issue of securities included in yourMargin Account we wil 1 allocatethe call by a method we deem fairand equitable. You must promptly adviseJPMSI ofmaterialchanges in yourinvestment objectivesor financialsituation. U nless you inform JPMSI otherwise, JPMSI will considerthe information currentlyin its files to be com plete and accurate. 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 icated), 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 affiliatesmay be lenders to issuers of securities that JPMSI underwrites, in which c ase proceeds of offerings underwritten by JPMSI may be used for the repaymentof such loans, and you should referto the disclosure documents relating to particular securities for discussion of any such lending relationships. The FederalReserverequires that JPMSI o btain your consent before it can obtain certain information from its bank or thrift affiliates, incl uding their credit evaluationof you. We will assume that your continuing to transact business with JPMSI will constitute yourconsent to the sharing ofsuch information by JPMSI and its bankor thrift affiliates,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. EFTA01558288