EFTA01558157.pdf

10 JPMorgan Chase Bank, N.A. 2005 Account Number: FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Confidential Page 1 of 10 Asset Account Portfolio October 1 - October 31, 2005 Alert! If you plan to make gifts of securities this year, please notify us before December 1, 2005. This will enable us to process your request prior to year-end and meet the deadline for tax-filing purposes. Table of Contents Portfolio Summary Cash and Short Term Equities Equity Research Ratings Trade Activity Account Transactions Account Officers HORNAK/VILLACIS/WEBB Page 2 3 4 5 6 7 000000.0000.00.0000.000.000000000.000000 HARRY BELLER C/O THE VILLARD HOUSE ATTN: JEFFREY EPSTEIN 457 MADISON AVENUE, 4TH FLOOR NEW YORK NY 10022 EFTA01558157 10 JPMorgan Chase Bank, N.A. 2005 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2005 - October 31, 2005 Page 2 of 10 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 1% Cash and Short Term 99% Equities Oct 31 Cash & Short Term Equities Total Accrued Income Total Portfolio Value 2,521.86 3,653,000.00 3,655,521.86 372.89 3,655,894.75 Income Summary Dividends Total Net Gain/Loss Summary Net Short Term Gain/Loss Total Prior Period Market Value USD Sep 30 1,996.98 1,996.98 524.88 2,521.86 Tax Cost USD 2,521.86 3,574,660.00 3,577,181.86 Estimated Annual Income USD 95.40 40,000.00 40,095.40 Yield 3.8 1.1 1.1 This Period USD 524.88 524.88 Year to Date USD* EFTA01558158 9,478.83 9,478.83 Realized This Period USD Realized Year to Date USD* - 47,656.34 - 47,656.34 *Year to date information is calculated on a calendar year basis. Unrealized USD 78,340.00 78,340.00 EFTA01558159 10 JPMorgan Chase Bank, N.A. 2005 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2005 - October 31, 2005 Page 3 of 10 Cash and Short Term Summary by Maturity Current Market Value USD Cash Total 2,521.86 2,521.86 Estimated Annual Income USD 95.40 95.40 Current yield is displayed for instruments with no maturity and YTM on market is displ ayed for instruments that mature. Cash and Short Term by Type Description Unit Cost Adjusted Cusip/S&P/Moody's Rating Currency Quantity Original Market Price Tax Cost Adjusted Original Current Market Value USD Accrued Interest USD Unrealized Gain/Loss USD Estimated Current Annual Yield/ Income USD YTM % Cash JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 7-Day Annualized Yield: 3.80% USD 2,521.86 1.00 1.00 2,521.86 2,521.86 372.89 95.40 3.78 EFTA01558160 10 JPMorgan Chase Bank, N.A. 2005 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2005 - October 31, 2005 Page 4 of 10 Equities Independent, third party research selected by an Independent Consultant for certain co mpanies covered 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 to request that a copy of this research be sent to them. When JPMorgan drops coverage of a company, inde pendent research will continue to be provided for an 18-month period, when available. Refer to Equity Resear ch Ratings section for research ratings on client holdings, if applicable. Note: C indicates Equity covered by JPMSI. Equity Holdings in Alphabetical Order Description Cusip/Symbol Currency 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 UNITED STATES STEEL CORP 912909-10-8 X USD Total Equity 100,000 100,000 35.75 36.53 3,574,660.00 3,574,660.00 3,653,000.00 3,653,000.00 78,340.00 78,340.00 40,000.00 40,000.00 1.1 1.1 EFTA01558161 10 JPMorgan Chase Bank, N.A. 2005 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2005 - October 31, 2005 Page 5 of 10 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.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 Rating s for any company where JPMSI has terminated coverage are excluded below. For explanation of JPMSI ratings, see disc laimer section at end of statement. For third party ratings systems, see specific third party research at www.p rivateclient.jpmorgan.com. Equity Holdings in Alphabetical Order Description/Ticker UNITED STATES STEEL CORP X Ratings JPMSI: OVERWEIGHT MRNGSTAR: 4 stars Providers: ARGUSRES n, Argus Research Corporation; BOE SECU BOE Securities; MRNGSTAR mi Morningstar; REN CAP Renaissance Capital 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. EFTA01558162 10 JPMorgan Chase Bank, N.A. 2005 Account Number: FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2005 - October 31, 2005 Page 6 of 10 Trade Activity Realized Gain/Loss Summary Short Term Gain/Loss Long Term Gain/Loss 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 w ith N/A. Trade Activity by Type Settlement Date Trade Date Settled Oct 25 Oct 28 Purchase UNITED STATES STEEL CORP USD 100,000 35.696 - 3,574,660.00 Type Amount USD 0.00 0.00 Realized Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD EFTA01558163 10 JPMorgan Chase Bank, N.A. 2005 Account Number: FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2005 - October 31, 2005 Page 7 of 10 Account Transactions Cash Activity Summary Amount this Period USD Beginning Balance Credits Dividends Sweep Account Sales Miscellaneous Receipts Foreign Exchange Debits Sweep Account Purchases Purchases of Securities Miscellaneous Disbursements Foreign Exchange Ending Balance *Year to date information is calculated on a calendar year basis. - 00 - 3,575,184.88 - 3,574,660.00 - 5,920,916.76 - 3,574,660.00 - 2,505,000.00 - 689,951.38 .00 524.88 3,574,660.00 3,574,660.00 9,478.83 6,104,580.53 5,074,660.00 1,501,808.78 Amount Year to Date USD* Activity by Date Type Settlement Date Oct 3 Oct 3 Dividend Purchase 524.88 Quantity Description JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) Amount USD 524.88 - 524.88 EFTA01558164 10 Settlement Date Oct 27 Oct 27 Oct 28 JPMorgan Chase Bank, N.A. 2005 Account Number: FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2005 - October 31, 2005 Page 8 of 10 Activity by Date Type continued Quantity Description Misc. Receipt Purchase Purchase 3,574,660 100,000 FED FUNDS RECEIVED FROM MELLON BANK N.A. 8/0 FINANCIAL TRUST COMPANY, INC. JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) UNITED STATES STEEL CORP @ 35.6966 BROKERAGE 3,569,660.00 5,000.00 J.P. MORGAN SECURITIES INC. TRADE DATE 10/25/05 Oct 28 Sale - 3,574,660 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 3,574,660.00 - 3,574,660.00 - 3,574,660.00 Amount USD 3,574,660.00 EFTA01558165 10 JPMorgan Chase Bank, N.A. 2005 Account Number: FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2005 - October 31, 2005 Page 9 of 10 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 500 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 FIRST statement on which the erroror problem appeared. (1) Tellus yourname and account numbe r. (2) Describethe erroror the 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 th e dollaramount of the suspected error. Ifyou contact us orally, you must send us your complaint or question in writing within 10 business days in order to preserveyour righ ts. We will investigateyourcomplaint and will correct any errorpromptly. Ifwe take more than 10 bu siness days to do this (20 days for purchases using yourdebit card or for internationa ltransactions),we will credit youraccount for the amount you think is in error, so tha t 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 t o us on a separate sheet describing the errorand send it to: JPMorgan Private Bank, 50 0 Stanton ChristianaRoad, 1/OP53, Newark,DE19713-2107. We must hearfrom you no laterthan 60 days afterthe statement on which the erroror problem appearedis sent. You can contact your client servicespecialistbut doing so will not preserveyour rights. In your letter, please provide the following information: (1) your name and account nu mber; (2) the dollaramount of the suspected error; and (3) a description of the errora nd explanation, if you can, why you believethere is an error. Ifyou need more informat ion, you must describe the item you are unsure about. Important Information about Pricing and Valuations Market value information (including without limitation, prices, exchange rates, accrue d income and bond ratings) furnished herein has been obtained from sources that the Ba nk believesto be reliableand is furnished for the exclusiveuse of the client. The Bank makes no representation,warrantyor guarantee,expressor implied, that anyquoted valuerepresentst he actual terms at which transactions or securities could be bought or sold or new tra nsactions could be enteredinto, or the actual terms on which existing transactions or securities could be liquidated. 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We do not warrant their completeness or accuracy. These valuationsare deriv edfrom proprietarymodels basedupon well-recognizedfinancialprinciples and we have, whe n necessaryto calculate the present valueof future cash flows, made reasonable estimat es about relevantfuture market conditions. Valuations based on other models or different EFTA01558166 assumptions may yield different results. Morgan expresslydisclaims any responsibility for (1) the accuracyof the models or estimates used in deriving the valuations, (2) an y errors or omissions in computing or disseminating the valuations, and (3)anyuses to which the va luationsare put. Valuationsare providedfor information purposes only and are intendeds olelyfor yourown use. Pleasereferto the trade confirmation for details ofeach transact ion. At yourrequest, assets maybe reflectedhereineventhough they are held by a third partyu naffiliatedwith JPMorgan. 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EFTA01558167 10 Overweight: Neutral: JPMorgan Chase Bank, N.A. 2005 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2005 - October 31, 2005 Page 10 of 10 J.P. Morgan Securities Inc., JPMorgan Chase Bank, N.A. or their affiliates(the "Morgan Companies")mayprovide administrative,custodial, sales, distribution or shareholderser vicesto JPMorgan Funds, AmericanCenturyFunds, or funds established, sponsored, advised , or managedby third parties, and the Morgan Companiesmaybe compensatedfor such services. 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 t otal 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) coverag e universe. Over the next six to twelve months, we expect this stock will under-perform the averag e total return of the stocks in the analyst's (or the analyst's team's) coverage unive rse. JPMSI does not endorse or otherwise adopt the IndependentResearchProviderresearchand/o ✓ ratings. Differentfirms use a varietyof ratings terms as well as differentratings sy stems to describe their recommendations. JPMSI uses a "relative"ratings system as describedabove. IRPsmayuse a differentratings system, such as as an "absolute"ratings system and use such terms as "buy", "hold", or "sell". Sin ce "relative"and "absolute"ratings 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 itself. 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 re ad 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 Chas e Bank, N.A., J.P. Morgan Trust Company, N.A. and J.P. Morgan Securities Inc. EFTA01558168