EFTA01557667.pdf

10 2002 Confidential FINANCIAL TRUST COMPANY INC Page 1 of 15 J.P. Morgan Portfolios October 1 - October 31, 2002 Gift Processing The holiday season will soon be here. If you plan to make securities gifts this year, please notify us before December 3, 2002. This will provide us with sufficient time to process your request and meet the year-end deadline. Table of Contents Page Account Summary Asset Account Portfolio Margin Account Portfolio JPMCB JPMSI 2 3 12 000000.0000.00.0000.000.000000000.000000 FINANCIAL TRUST COMPANY ATTN: JEFFREY E EPSTEIN C/O AMERICAN YACHT HARBOR 6100 RED HOOK, QUARTERS 8B3 ST THOMAS 00802 US VIRGIN ISLDS EFTA01557667 10 2002 Portfolio Summary FINANCIAL TRUST COMPANY INC October 01, 2002 - October 31, 2002 Page 2 of 15 Portfolio Summary Net Worth Summary Asset Portfolio USD Assets(Long) Total Cash S Short Term FX Gain/Loss Accrued Income Total Net Worth Private Investments Income Summary Dividends Total 2,362,982.86 2,362,982.86 2,362,982.86 .00 2,821.27 2,365,804.13 916,902.00 Margin Portfolio USD 0.00 0.00 0.00 .00 0.00 0.00 0.00 2,362,982.86 2,362,982.86 2,362,982.86 .00 2,821.27 2,365,804.13 916,902.00 This Period 14.96 14.96 Year to Date 77,159.67 77,159.67 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 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 EFTA01557668 10 JPMorgan Chase Bank 2002 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2002 - October 31, 2002 Page 3 of 15 Asset Account Portfolio October 1 - October 31, 2002 Table of Contents Portfolio Summary Cash and Short Term Private Investments Account Transactions Account Officers Service Specialist: MANNINO/DORAZIO Page 4 6 9 EFTA01557669 10 JPMorgan Chase Bank 2002 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2002 - October 31, 2002 Page 4 of 15 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 72% Cash and Short Term 28% Private Investments* Market Value USD Oct 31 Cash S Short Term Total Foreign Exchange Accrued Income Total Portfolio Value Private Investments * 2,362,982.86 2,362,982.86 0.00 2,821.27 2,365,804.13 916,902.00 Market Value USD Sep 30 12,774.47 12,774.47 93,205.54 14.96 105,994.97 915,858.00 Tax Cost USD 2,362,982.86 2,362,982.86 Estimated Annual Income USD 33,885.17 33,885.17 Yield 1.4 1.4 Income Summary Dividends This Period USD Total Net Gain/Loss Summary Net Short Term Gain/Loss Total 14.96 14.96 Year to Date USD* 77,159.67 77,159.67 Realized This Period USD Realized Year to Date USD** 430,679.26 430,679.26 **Year to date information is calculated on a calendar year basis. Unrealized USD *Value is an estimated figure given the illiquid nature of Private Investments (see Private Investment information at end of section summary). EFTA01557670 10 JPMorgan Chase Bank 2002 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2002 - October 31, 2002 Page 5 of 15 EUR Conversion Rates as of January 1, 1999 Currency AST BEF DEM ESP FIM FRF IEP ITL LUF NLG PTE Exchange Rate 13.7603 40.3399 1.9558 166.386 5.9457 6.5596 0.7875 1,936.2700 40.3399 2.2037 200.4820 EFTA01557671 10 JPMorgan Chase Bank 2002 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2002 - October 31, 2002 Page 6 of 15 Cash and Short Term Summary by Maturity Current Market Value USD Cash Total 2,362,982.86 2,362,982.86 Estimated Annual Income USD 33,885.17 33,885.17 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 JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) (SWEEP DEADLINE IS 4:30 PM EST) 7-Day Annualized Yield: 1.43% USD 2,362,982.86 1.00 1.00 2,362,982.86 2,362,982.86 2,821.27 33,885.17 1.43 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 EFTA01557672 10 JPMorgan Chase Bank 2002 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2002 - October 31, 2002 Page 7 of 15 Private Private Investments Summary Investments * LPs, LLCs, and Other Total Estimated Current Value USD 916,902.00 916,902.00 Private Investment Holdings in Alphabetical Order Units/ Commitment USD Description LPs,LLCs, and Other NESTOR 2000 SPECIAL LLC COMMITMENT EXPRESSED IN EUROS) * The 'Capital Called Since Inception USD' and 'Cash/Security Distributions Since Inception USD' col umns are updated monthly to reflect any interim capital calls and distributions. The 'Estimated Valu e USD' column reflects information received by JPMCB from the general partner or manager which, in most cases, is quarterly, plus any interim capital cal Is and less any distributions made to date since the last valuation received from such source by JPM CB Generally, distributions of securities in kind are valued at the fair market value of the securities on the date of the distribution * See: Important Information About Private Investment Valuations Important Information About Private Investment Valuations Direct equity investments and limited partnership and limited liability company units are generally illiquid securities, and prices are not guaranteed for accuracy or as realizable values. Direct equity investments are valued at cost, unless there is an active secondary trading market in the securities, in which case, direct equity investments are valued using market prices as of the cl ose of the last business day for this statement period. Limited partnership and limited liability company units are valued at cost on ly if "valued at cost" is stated within the security description. Otherwise, all such units are valu ed according to the general partner's or manager's stated methodology. These methodologies generally include an appraisal of the underlying assets at t he lower of cost or a written-down amount, at a value at which third party financing has occurred, a t a market price if an active secondary market develops, or at a value endorsed by an independent party. Please refer to the limited partnership or limited liability company documentation for each security for the specific valuation methodology us ed by the general partner or manager for that security. JPMCB expressly disclaims any responsibility for (1) the accuracy of the information and the methodo logy used by the issuer, general partner or manager used in deriving the valuations, (2) any errors or omissions in compiling or disseminating the valuations, and (3) any use to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. This statement does not provide tax reporting on the limited partnership and limited liability units . Please continue to rely upon the general partner or general manager of the entity for this informs tion. USD 3,000,000.00 1,109,854.04 0.00 916,902.00 Currency Net of Origination Fee Capital Called Since Inception USD Cash/Security Distributions Since Inception USD Estimated Value USD EFTA01557673 10 JPMorgan Chase Bank 2002 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2002 - October 31, 2002 Page 8 of 15 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. EFTA01557674 10 JPMorgan Chase Bank 2002 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2002 - October 31, 2002 Page 9 of 15 Account Transactions Cash 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 *Year to date information is calculated on a calendar year basis. .00 - 2,350,208.39 - 26,216,665.66 - 14,941,868.53 - 30,427,647.23 - 104,849,090.48 2,350,193.43 .00 14.96 77,159.67 28,571,969.02 17,600,851.07 25,146,838.14 105,038,454.00 Amount Year to Date USD* Activity by Date Type Settlement Date Oct 1 Oct 1 Dividend Misc. Receipt Quantity Description JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST FED FUNDS FROM MELLON BANK N.A. COMMUNITY INTERESTS Amount USD 14.96 408,012.00 EFTA01557675 10 Settlement Date Oct 1 Oct 1 Oct 1 Oct 1 Oct 15 Oct 15 JPMorgan Chase Bank 2002 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2002 - October 31, 2002 Page 10 of 15 Activity by Date Type continued Quantity Description Misc. Receipt Misc. Receipt Misc. Receipt Purchase Purchase Misc. Receipt 2,280,668.96 69,539.43 FED FUNDS FROM MELLON BANK N.A. INSTITUTIONAL INTERESTS FED FUNDS RCVD THRU MELLON BANK NA HEALTH & SCIENCE INTERESTS II FED FUNDS RCVD THRU MELLON BANK NA INTERNATIONAL CHARITABLE JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) (SWEEP DEADLINE IS 4:30 PM EST) FUNDS TRANSFERRED FROM DDA Act BRKRG ACA (PRN) HAMPRE HBRIDGE ADV FTC 0902 INVA1240 - 2,280,668.96 - 69,539.43 69,539.43 117,430.00 Amount USD 639,813.00 1,115,399.00 EFTA01557676 10 JPMorgan Chase Bank 2002 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2002 - October 31, 2002 Page 11 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 error and send it to: JPMorgan, Private Bank, 500 Stanton Christiana Road, 1/OP53, 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 J.P.Morgan Funds Distributor, Inc. is the distributor of the J.P.Morgan Funds and American Century I nvestment Services Inc. is the distributor of the American Century Funds. JPMorgan Investment Manage ment Inc. and American Century Investment Management serve as investment advisors to their respectivefund families. Shares of the funds are not bank deposits and are not guaranteedby any bank, government entity, or the FDIC. Return and share price will fluctuate and redemption value may be more or less than original cost. While the moneymarketfunds seekto maintain a stable net asset valueof$1.00 pershare, there is no assurancethat they will continue to do so. The estimatedannualincome and dividendyieldfigures for mutual funds re presentthe funds' most recentincome dividendannualized. 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 ral Money Market Sweep Fund represent holdings in the JPMorgan Federal Money Market Fund; and positions in the Tax Exempt Money Market Sweep Fund represent holdings in the JPMorgan Tax Exempt Money Market Fund. 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. EFTA01557677 10 J.P. Morgan Securities Inc. 2002 Account Number: FINANCIAL TRUST COMPANY, INC. 270 Park Avenue New York, NY 10017 Margin Account Portfolio October 01, 2002 - October 31, 2002 Page 12 of 15 Margin Account Portfolio October 1 - October 31, 2002 Table of Contents Portfolio Summary Account Officers Service Specialist: MANNINO/DORAZIO Page 13 All positions in this Margin Account Portfolio are held in custody at J.P. Morgan Securities Inc. (mJPMSI"). Member SIPC. EFTA01557678 10 J.P. Morgan Securities Inc. 2002 Account Number: FINANCIAL TRUST COMPANY, INC. 270 Park Avenue New York, NY 10017 Margin Account Portfolio October 01, 2002 - October 31, 2002 Page 13 of 15 Overview Portfolio Summary Market Value USD Total Oct 31 0.00 Estimated Annual Income USD EFTA01557679 10 J.P. Morgan Securities Inc. 2002 Account Number: FINANCIAL TRUST COMPANY, INC. 270 Park Avenue New York, NY 10017 Margin Account Portfolio October 01, 2002 - October 31, 2002 Page 14 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. 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 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 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. EFTA01557680 10 J.P. Morgan Securities Inc. 2002 Account Number: FINANCIAL TRUST COMPANY, INC. 270 Park Avenue New York, NY 10017 Margin Account Portfolio October 01, 2002 - October 31, 2002 Page 15 of 15 JPMSI is a member of the Securities Investor Protection Corporation (SIPC), a not-for-profit members hip corporation funded by broker-dealers registered with the Securities and Exchange Commission. Sec urities and cash held for a customer account at JPMSI are protected up to an amount of $50,000,000. The first $500,000 of protection, which includes up to $100,000 of protection for cash, is provided by SIPC. The balance of the protection, which in eludes up to an additional $900,000 of protection for cash, is provided by a separate Excess Securities Bond issued by Travelers Casualty and Surety C ompany of America. This SIPC and excess SIPC protection does not protect against losses from fluctua tions in the value of the securities. Assets held in custody by JPMCB are not subject to SIPC coverage. 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