EFTA01557127.pdf

05 2000 Morgan Guaranty Trust Company of New York 345 Park Avenue, New York, NY 10154-1002 Account Number: FINANCIAL TRUST COMPANY, INC. Confidential Page 1 of 12 Asset Account Portfolio May 1 - May 31, 2000 Table of Contents Portfolio Summary Cash and Short Term Private Investments Trade Activity Account Transactions Account Officers Service Specialist: SCOTT/DENCKER Page 2 3 4 6 8 FINANCIAL TRUST COMPANY, INC. C/O AMERICAN YACHT HARBOR 6100 RED HOOK, QUARTERS #2 ST THOMAS 00802 US VIRGIN ISLDS EFTA01557127 05 2000 Morgan Guaranty Trust Company of New York 345 Park Avenue, New York, NY 10154-1002 Account Number: FINANCIAL TRUST COMPANY, INC. Asset Account Portfolio May 01, 2000 - May 31, 2000 Page 2 of 12 Overview Portfolio Summary Market Value USD May 31 Cash & Short Term Total Accrued Income Total Portfolio Value Private Investments * Asset Allocation 96% Cash and Short Term 4% Private Investments* 7,618,287.41 7,618,287.41 48,457.78 7,666,745.19 279,060.00 Income Summary Dividends Total Market Value USD Apr 30 36,614.48 36,614.48 179.18 36,793.66 Tax Cost USD 7,618,287.41 7,618,287.41 Estimated Annual Income USD 487,570.39 487,570.39 Yield 6.4 6.4 This Period USD 179.18 179.18 Year to Date USD* 33,137.10 33,137.10 *Value is an estimated figure given the illiquid nature of Private Investments (see Private Investment information at end of section summary). EFTA01557128 05 2000 Morgan Guaranty Trust Company of New York 345 Park Avenue, New York, NY 10154-1002 Account Number: FINANCIAL TRUST COMPANY, INC. Asset Account Portfolio May 01, 2000 - May 31, 2000 Page 3 of 12 Cash and Short Term Summary by Maturity Current Market Value USD Less Than 3 Months Total 7,618,287.41 7,618,287.41 Estimated Annual Income USD 487,570.39 487,570.39 Current yield is displayed for instruments with no maturity and YTM on market is displayed 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 Short Term by Maturity J P MORGAN INSTITUTIONAL PRIME MONEY MARKET FUND (FUND 390) 7-Day Annualized Yield: 6.34% 616918-20-7 Total Cash and Short Term 7,618,287.41 7,618,287.41 48,457.78 0.00 487,570.39 6.40 USD 7,618,287.41 1.00 1.00 7,618,287.41 7,618,287.41 EFTA01557129 48,457.78 487,570.39 6.40 EFTA01557130 05 2000 Morgan Guaranty Trust Company of New York 345 Park Avenue, New York, NY 10154-1002 Account Number: FINANCIAL TRUST COMPANY, INC. Asset Account Portfolio May 01, 2000 - May 31, 2000 Page 4 of 12 Private Private Investments Summary Investments * LPs, LLCs, and Other Total Estimated Current Value USD 279,060.00 279,060.00 Private Investment Holdings in Alphabetical Order Units/ Commitment USD Description LPs,LLCs, and Other NESTOR 2000 SPECIAL LLC (COMMITMENT EXPRESSED IN EUROS) 469994-90-9 * The 'Capital Called Since Inception USD' and 'Cash/Security Distributions Sinc e Inception USD' columns are updated monthly to reflect any interim capital call s and distributions. The 'Estimated Value USD' column reflects information recei ved by MGT from the general partner or manager which, in most cases, is quarterly, plus any interim capital calls and less any distributions made to date since the last va luation received from such source by MGT. Generally, distributions of securities in kind are valued at the fair market val ue 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 accur acy or as realizable values. Direct equity investments are valued at cost, unless there is an active secondar y trading market in the securities, in which case, direct equity investments are valued using market prices as of the close of the last business day for this statement period. Limited partnership and limited liability company units a re valued at cost only if "valued at cost" is stated within the security descrip tion. Otherwise, all such units are valued according to the general partner's or manager's stated methodology. These methodologies generally include an appraisal of the un derlying assets at the lower of cost or a written-down amount, at a value at whi ch third party financing has occurred, at a market price if an active secondary market develops, or at a value endorsed by an independent party. Please refer to the li mited partnership or limited liability company documentation for each security f or the specific valuation methodology used by the general partner or manager for that security. MGT expressly disclaims any responsibility for (1) the accuracy of the informati on and the methodology used by the issuer, general partner or manager used in de riving 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 prov ided for information purposes only and are intended solely for your own use. This statement does not provide tax reporting on the limited partnership and lim ited liability units. Please continue to rely upon the general partner or genera EFTA01557131 1 manager of the entity for this information. USD 3,000,000.00 279,056.00 0.00 279,060.00 Currency Net of Origination Fee Capital Called Since Inception USD Cash/Security Distributions Since Inception USD Estimated Value USD EFTA01557132 05 2000 Morgan Guaranty Trust Company of New York 345 Park Avenue, New York, NY 10154-1002 Account Number: § FINANCIAL TRUST COMPANY, INC. Asset Account Portfolio May 01, 2000 - May 31, 2000 Page 5 of 12 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. EFTA01557133 05 2000 Morgan Guaranty Trust Company of New York 345 Park Avenue, New York, NY 10154-1002 Account Number: § FINANCIAL TRUST COMPANY, INC. Asset Account Portfolio May 01, 2000 - May 31, 2000 Page 6 of 12 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 Trade Activity by Type Settlement Date Trade Date Settled Apr 28 May 1 Purchase May 3 May 3 Purchase May 15May 15 Sale May 3OMay 30 Sale May 31May 31 Sale J P MORGAN INSTITUTIONAL PRIME MONEY MARKET FUND J P MORGAN INSTITUTIONAL PRIME MONEY MARKET FUND J P MORGAN INSTITUTIONAL PRIME MONEY MARKET FUND (FUND 390) J P MORGAN INSTITUTIONAL PRIME MONEY MARKET FUND (FUND 390) J P MORGAN INSTITUTIONAL PRIME MONEY MARKET FUND (FUND 390) USD USD USD USD USD 179.18 10,000,000 - 85,000 - 333,506.25 - 2,000,000 1.00 - 179.18 1.00 - 10,000,000.00 1.00 1.00 1.00 85,000.00 333,506.25 2,000,000.00 - 85,000.00 - 333,506.25 - 2,000,000.00 EFTA01557134 Type Amount USD 0.00 0.00 Realized Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD EFTA01557135 05 Date 2000 Morgan Guaranty Trust Company of New York 345 Park Avenue, New York, NY 10154-1002 Account Number: I FINANCIAL TRUST COMPANY, INC. Asset Account Portfolio May 01, 2000 - May 31, 2000 Page 7 of 12 Trade Activity by Type Settlement Date TRADE RELATED EURO CURRENCY - U S DOLLAR May 23 00 May 24 00 EUR 367,500.00 USD - 333,506.25 1.101928 1.101928 - 333,506.25 333,506.25 continued Settled Foreign Exchange Contracts Trade Currency Counter Amount Currency Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD EFTA01557136 05 2000 Morgan Guaranty Trust Company of New York 345 Park Avenue, New York, NY 10154-1002 Account Number: FINANCIAL TRUST COMPANY, INC. Asset Account Portfolio May 01, 2000 - May 31, 2000 Page 8 of 12 Account Transactions by Currency Euro Currency Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Miscellaneous Disbursements Ending Balance Euro Currency Activity by Date Settlement Date Type May 24 Misc. Disbursement May 24 Spot FX - 333,506.25 Quantity Description REP: FUNDS TRANSFERRED TO ACCOUNT Q61999001 EURO PRINCIPAL CURRENCY SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 0.907500000 TRADE 5/23/00 VALUE 5/24/00 EURO PRINCIPAL CURRENCY U S DOLLAR .00 367,500.00 - 367,500.00 .00 367,500.00 - 367,500.00 Amount to Date Realized Amount Gain/Loss USD - 367,500.00 367,500.00 - 333,506.25 333,506.25 Amount USD EFTA01557137 05 2000 Morgan Guaranty Trust Company of New York 345 Park Avenue, New York, NY 10154-1002 Account Number: FINANCIAL TRUST COMPANY, INC. Asset Account Portfolio May 01, 2000 - May 31, 2000 Page 9 of 12 Account Transactions by Currency U S Dollar Activity Summary Beginning Balance Credits Dividends Sales, Maturities, Redemptions Miscellaneous Receipts Debits Purchases of Securities Miscellaneous Disbursements Foreign Exchange Ending Balance - 10,000,179.18 - 2,085,000.00 - 333,506.25 .00 *Year to date information is calculated on a calendar year basis. — 10,033,137.10 - 3,085,000.00 - 333,506.25 179.18 2,418,506.25 10,000,000.00 33,137.10 3,418,506.25 10,000,000.00 continued Amount this Period USD Amount Year to Date USD* .00 U S Dollar Activity by Date Type Settlement Date May 1 May 1 Dividend Purchase 179.18 Quantity Description J P MORGAN INSTITUTIONAL PRIME MONEY MARKET FUND J P MORGAN INSTITUTIONAL PRIME MONEY MARKET FUND INCOME DIVIDEND REINVESTED @ $1.00 J.P.MORGAN SECURITIES INC AS AGENT TRADE DATE 04/28/00 Amount USD 179.18 - 179.18 EFTA01557138 EFTA01557139 05 Settlement Date May 3 2000 Morgan Guaranty Trust Company of New York 345 Park Avenue, New York, NY 10154-1002 Account Number: I FINANCIAL TRUST COMPANY, INC. Asset Account Portfolio May 01, 2000 - May 31, 2000 Page 10 of 12 U S Dollar Activity by Date Type continued Quantity Description Purchase 10,000,000 J P MORGAN INSTITUTIONAL PRIME MONEY MARKET FUND J.P.MORGAN SECURITIES INC AS AGENT @ 1.00 TRADE DATE 05/03/00 May 3 Misc. Receipt May 15 Sale - 85,000 FUNDS TRANSFERRED TO BRKRG AC# (PRN) FROM BRKRG AC# (PRN) J P MORGAN INSTITUTIONAL PRIME MONEY MARKET FUND (FUND 390) J.P.MORGAN SECURITIES INC AS AGENT @ 1.00 TRADE DATE 05/15/00 May 15 Misc. Disbursement TRANSFERRED BY WIRE TO SCOTIABANK - ST THOMAS, VIRGIN ISL. FAO FINANCIAL TRUST COMPANY, INC LETTER FROM CLIENT May 15 Misc. Disbursement TRANSFERRED BY WIRE TO CITIBANK, N.A. - ST THOMAS, VIRGIN FAO FINANCIAL TRUST COMPANY, INC LETTER FROM CLIENT May 24 Commitment 3,000,000 NESTOR 2000 SPECIAL LLC (COMMITMENT EXPRESSED IN EUROS) MORGAN GUARANTY TRUST CO N Y TRADE DATE 05/19/00 - 50,000.00 10,000,000.00 85,000.00 Amount USD - 10,000,000.00 - 35,000.00 EFTA01557140 05 Settlement Date 2000 Morgan Guaranty Trust Company of New York 345 Park Avenue, New York, NY 10154-1002 Account Number: • FINANCIAL TRUST COMPANY, INC. Asset Account Portfolio May 01, 2000 - May 31, 2000 Page 11 of 12 U S Dollar Activity by Date Type continued Quantity Description May 24 Spot FX 367,500 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 0.907500000 TRADE 5/23/00 VALUE 5/24/00 EURO PRINCIPAL CURRENCY U S DOLLAR May 30 Sale - 333,506.25 J P MORGAN INSTITUTIONAL PRIME MONEY MARKET FUND (FUND 390) J.P.MORGAN SECURITIES INC AS AGENT @ 1.00 TRADE DATE 05/30/00 May 31 Sale - 2,000,000 J P MORGAN INSTITUTIONAL PRIME MONEY MARKET FUND (FUND 390) J.P.MORGAN SECURITIES INC AS AGENT @ 1.00 TRADE DATE 05/31/00 May 31 Misc. Disbursement TRANSFERRED BY WIRE TO PALM BEACH NATL BK & TR CO FAO JEFFREY E. EPSTEIN LETTER FROM CLIENT - 2,000,000.00 2,000,000.00 Amount USD - 333,506.25 333,506.25 EFTA01557141 05 2000 Morgan Guaranty Trust Company of New York 345 Park Avenue, New York, NY 10154-1002 Account Number: § FINANCIAL TRUST COMPANY, INC. Asset Account Portfolio May 01, 2000 - May 31, 2000 Page 12 of 12 In Case of Errors or Questions About Your Electronic Transfers. Telephone us at 1 (800) 576-6221 or write us at 500 Stanton Christiana Road, 1/O PS, Newark, DE 19713-2107 as soon as you can, if you think your statement is wro ng or if you need more information about a transfer on the statement. We must hear from you no later than 60 days after we sent you the FIRST statemen t on which the error or problem appeared. (1) Tell us your name and account numb er. (2) Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is in error or why you need mor e information. (3) tell us the dollar amount of the suspected error.If you conta ct us orally, you must send us your complaint or question in writing within 10 business days in order to preserve your rights. We will investigate yo ur complaint and will correct any error promptly. If we take more than 10 busine ss days to do this (20 days for purchases using VISA Check Card or for international transactions), we will credit your account for the amount you thin k is in error, so that you will have the use of money during the time it takes u s to complete our investigation. In case of errors or questions about your statement, including your line of cred it. If you think that your statement is incorrect or if you need more information ab out a transaction on your statement including a line of credit transaction, you must write to us on a separate sheet describing the error and send it to: J.P. M organ, Private Client Services, 345 Park Avenue, New York, NY 10154-1002. We must hear from you no later than 60 days after the statement on which the error or problem appeared is sent. You can telephone us at 1-800-576-6221 but doing so will not preserve your rights. In your letter, please provide the following information: (1) your name and acco unt 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 J.P. Morgan Funds or The J.P. Morgan Institutional Funds or The American Cen tury Funds The J.P. Morgan, J.P.Morgan Institutional, and American Century mutual funds are distributed by Funds Distributor, Inc. J.P. Morgan InvestmentManagement Inc. an d American Century InvestmentManagementserve as investment advisors to their res pectivefund families. Shares of the funds are not bankdeposits and are not guaranteedby anybank, gover nmententity, or the FDIC. Return and share price will fluctuate and redemption v aluemaybe more or less than originalcost. While the moneymarketfunds seekto main tain a stable net asset valueof$1.00 pershare, there is no assurancethat they will continue to do so. Th e estimatedannualincome and dividendyieldfigures for mutual funds representthe f unds' most recentincome dividendannualized. EFTA01557142