EFTA01557644.pdf

08 JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Confidential Page 1 of 10 Asset Account Portfolio August 1 - August 31, 2002 Table of Contents Portfolio Summary Cash and Short Term Private Investments Outstanding Foreign Exchange Contracts Account Transactions Account Officers Service Specialist: MANNINO/DORAZIO Page 2 4 5 7 8 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 EFTA01557644 08 JPMorgan Chase Bank 2002 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio August 01, 2002 - August 31, 2002 Page 2 of 10 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 1% Cash and Short Term 99% Private Investments* Market Value USD Aug 31 Cash & Short Term Total Foreign Exchange Accrued Income Total Portfolio Value Private Investments * 11,970.33 11,970.33 - 259,422.40 804.14 - 246,647.93 909,714.00 Market Value USD Jul 31 11,198.60 11,198.60 10,635.12 771.73 22,605.45 941,991.00 Tax Cost USD 11,970.33 11,970.33 Estimated Annual Income USD 173.09 173.09 Yield 1.5 1.4 Income Summary Dividends Total Net Gain/Loss Summary Net Short Term Gain/Loss Total This Period USD 771.73 771.73 Year to Date USD* 76,340.57 EFTA01557645 76,340.57 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. Exchange Rates Spot Rates as of August 31, 2002 *Value is an estimated figure given the illiquid nature of Private Investments (see Private Investment information at end of section summary). Currency CHF Exchange Rate 1.5007 Unrealized USD EFTA01557646 08 JPMorgan Chase Bank 2002 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio August 01, 2002 - August 31, 2002 Page 3 of 10 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 EFTA01557647 08 JPMorgan Chase Bank 2002 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio August 01, 2002 - August 31, 2002 Page 4 of 10 Cash and Short Term Summary by Maturity Current Market Value USD Cash Total 11,970.33 11,970.33 Estimated Annual Income USD 173.09 173.09 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 PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST 7-Day Annualized Yield: 1.45% USD 11,970.33 1.00 1.00 11,970.33 11,970.33 804.14 173.09 1.45 EFTA01557648 08 JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio August 01, 2002 - August 31, 2002 Page 5 of 10 Private Private Investments Summary Investments * LPs, LLCs, and Other Total Estimated Current Value USD 909,714.00 909,714.00 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 Ince ption USD' columns are updated monthly to reflect any interim capital calls and distri butions. The 'Estimated Value USD' column reflects information received by JPMCB from the general partner or manager which, in most cases, is quarterly, plus any inter im capital calls and less any distributions made to date since the last valuation rece ived from such source by JPMCB. 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 re alizable values. Direct equity investments are valued at cost, unless there is an active secondary trad ing market in the securities, in which case, direct equity investments are valued usin g market prices as of the close of the last business day for this statement period. Limited partnership and limited liability company units are val ued at cost only if "valued at cost" is stated within the security description. Otherw ise, all such units are valued according to the general partner's or manager's stated methodology. These methodologies generally include an appraisal of the underlyi ng assets at the lower of cost or a written-down amount, at a value at which third par ty 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 limited partnership or limited liability company documentation for each security for the speci fic valuation methodology used by the general partner or manager for that security. JPMCB expressly disclaims any responsibility for (1) the accuracy of the information a nd the methodology 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 f or information purposes only and are intended solely for your own use. This statement does not provide tax reporting on the limited partnership and limited 1 lability units. Please continue to rely upon the general partner or general manager of the entity for this information. USD 3,000,000.00 1,109,854.04 0.00 909,714.00 Currency Net of Origination Fee Capital Called Since Inception USD EFTA01557649 Cash/Security Distributions Since Inception USD Estimated Value USD EFTA01557650 08 JPMorgan Chase Bank 2002 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio August 01, 2002 - August 31, 2002 Page 6 of 10 Important Information about Pricing and Valuations Prices, some of which are provided by pricing services or other sources which we dee reliable, are not guaranteed for accuracy or as realizable values. EFTA01557651 08 JPMorgan Chase Bank 2002 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio August 01, 2002 - August 31, 2002 Page 7 of 10 Outstanding Foreign Exchange Contracts Net Currency Exposure Summary Swiss Franc U S Dollar Value in Currency 29,667,940.00 - 20,000,000.00 Gain/Loss Summary Total Unrealized Open Value in USD Total Unrealized Gain/Loss - 259,422.40 - 259,422.40 Foreign Exchange Contracts Settlement Date Trade Date SPECULATIVE SWISS FRANC - U S DOLLAR Jun. 26 02 Jul. 15 02 CHF Total Foreign Exchange Contracts 29,667,940.00 USD - 20,000,000.00 1.483397 1.502891 19,740,577.60 19,740,577.60 20,000,000.00 20,000,000.00 - 259,422.40 - 259,422.40 Currency Amount Counter Currency Counter Amount Contract Rate Current Market Forward Rate Market Value Receivables USD Market Value Payables USD Unrealized Gain/Loss USD EFTA01557652 08 JPMorgan Chase Bank 2002 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio August 01, 2002 - August 31, 2002 Page 8 of 10 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. - 10,000,771.73 - 10,000,000.00 - 00 - 23,865,653.13 - 14,941,868.53 - 30,427,647.23 - 104,849,090.48 .00 771.73 10,000,000.00 10,000,000.00 76,340.57 28,571,969.02 17,600,851.07 22,796,644.71 105,038,454.00 Amount Year to Date USD* Activity by Date Type Settlement Date Aug 1 Aug 1 Dividend Purchase 771.73 Quantity Description 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 Amount USD 771.73 - 771.73 EFTA01557653 08 Settlement Date JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio August 01, 2002 - August 31, 2002 Page 9 of 10 Activity by Date Type continued Quantity Description Aug 28 Purchase Aug 28 Misc. Receipt 10,000,000 JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST FUNDS TRANSFERRED FROM BRKRG ACM TO BRKRG ACM (PRN) LETTER FR M LIENT Aug 30 Sale Aug 30 Misc. Disbursement - 10,000,000 JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST TRANSFERRED BY WIRE TO CITIBANK FAO HIGHBRIDGE/ZWIRN SPECIAL LETTER FROM CLIENT Amount USD - 10,000,000.00 10,000,000.00 10,000,000.00 - 10,000,000.00 EFTA01557654 08 JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio August 01, 2002 - August 31, 2002 Page 10 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 error and send it to: JPMorgan, Private Bank, 500 Stanton Christiana Road, 1/OPS3, Newark, DE 19713-2107. We must hear from you no later than 60 days after the statement on which the error or problem appe ared is sent. You can contact 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 nu mber; (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 Amer ican Century Investment Services Inc. is the distributor of the American Century Funds . JPMorgan Investment Management 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 an d share price will fluctuate and redemption value may be more or less than original co st. 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 dividendyiel dfigures for mutual funds representthe funds' most recentincome dividendannualized. If you have chosen one of the sweep mutual funds, you are notified that positions in t he Prime Money Market Sweep Fund represent holdings in the JPMorgan Prime Money Market Fund; positions in the Federal 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 Ma rket 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 Chas e Bank, J.P. Morgan Trust Company, N.A. and J.P. Morgan Securities Inc. JPMSI is a member of the Securities Investor Protection Corporation (SIPC), a not-for- profit membership corporation funded by broker-dealers registered with the Securities and Exchange Commission. Securities 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 includes up to an additional $900,000 of protection for cash, is provided by a separate Excess Securities Bond issued by Travelers Casualt y and Surety Company of America. This SIPC and excess SIPC protection does not protect against losses from fluctuations in the value of the securities. Assets held in custody by JPMCB are not subject to SIPC coverage. EFTA01557655