EFTA01507385.pdf

07 12004 JPMorgan Chase Bank 345 Park Avenue. New York, NY 10154-1002 JPMorgan Private Bank Account Number- Asset Account Portfolio Page 4 of 65 FINANCIAL TRUST COMPANY INC July 01, 2004 - July 31, 2004 Overview Cunene Prior Prinon Market Yana USD Market Vela USD Tax EnemataI Annual Yleld Portfolio Summary Jul of Jun 30 Cost USD Income USD % Cash & Short Term 68,151,001.78 71,198,158.97 68,151,001.78 822,582.58 1.2 Except ke the Deposit Account (/,acted). end the corn r yow Asset Account when Equities 11,469,856.44 12,786,822.60 0.0 ere "lured decors weir JAWS non* dere "sewn relent!10 in OW statifetwol Other 4,716,104.60 7,358,553.39 8,003,201.28 0.0 of sour Asset Account incluAno newt tunes. en FDIC nand or tone deposits Options - 2,548,415.32 - 2,621,321.71 - 592,759.31 N/A N/A obibodons of of gueenteed OMAGH arroyo( As Oink or fittlf OWN* Omens Total 81,788,547.50 88,722,213.25 75,561,443.75 822,582.58 1.0 otnenose inhostern. Such secunbes MW omit imesIrnenit so Nitwit InlOtnient noes inclucles MASAO Mn of Me 'Mot* amount needed See 7rnixeleint Foreign Exchange 1,646,571.77 - 89.821.95 Informston about yon AU& tholowege Accassr el Moon/ of Its Asset Account Accrued Income 67,138.83 61,065.98 Penrose Total Portfolio Value 83,502,258.10 88,693,457.28 Asset Allocation Income Summary This Period USD Year to Date USD• 80% Cash and Short Term Dividends 61,065.98 243,798.98 14% Equities Total 61,065.98 243,798.98 0 6% Other Net Gain/Loss Summary Realized This Penal USD Realized Year to Date USD• Unrealized USD Net Short Term Gain/Loss - 611,458.58 6,853,270.77 - 1,848,626.42 Net Long Term Gain/Loss - 311,634.56 Total - 611,458.58 6,853,270.77 - 2,160,260.98 'Year to date information is calculated on a calendar year basis. Exchange Rates Spot Rates as of July 31.2004 Market value of Options is not included in pie chart. CUITOnCy Exchange Rate AUD 0.7003 CHF 1.2794 Confidential Treatment Requested by JPMorgan JPM-SDNY-00032420 Chase CONFIDENTIAL SDNY_GM_00301618 EFTA01507385