EFTA01552403.pdf

06 2002 Confidential FINANCIAL TRUST COMPANY INC Page 1 of 44 J.P. Morgan Portfolios June 1 - June 30, 2002 Table of Contents Page Account Summary Asset Account Portfolio Margin Account Portfolio JPMCB JPMSI 2 3 41 000000.0000.00.0000.000.000000000.000000 FINANCIAL TRUST COMPANY ATTN: JEFFREY E EPSTEIN C/O AMERICAN YACHT HARBOR 6100 RED HOOK, QUARTERS ►B3 ST THOMAS 00802 US VIRGIN ISLDS EFTA01552403 06 2002 Portfolio Summary FINANCIAL TRUST COMPANY INC June 01, 2002 - June 30, 2002 Page 2 of 44 Portfolio Summary Net Worth Summary Asset Portfolio USD Assets(Long) Cash fi Short Term Equities Options Liabilities (Short) Total Options FX Gain/Loss Accrued Income Total Net Worth Income Summary Dividends Total 82,094,873.78 52,264,881.43 24,642,402.40 5,187,589.95 - 2,042,859.81 - 2,042,859.81 80,052,013.97 2,105,285.89 37,254.08 82,194,553.94 Margin Portfolio USD 0.00 0.00 0.00 0.00 0.00 0.00 0.00 .00 0.00 0.00 82,094,873.78 52,264,881.43 24,642,402.40 5,187,589.95 - 2,042,859.81 - 2,042,859.81 80,052,013.97 2,105,285.89 37,254.08 82,194,553.94 This Period 10,393.88 10,393.88 Year to Date 10,393.88 10,393.88 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 EFTA01552404 06 JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 3 of 44 Asset Account Portfolio June 1 - June 30, 2002 Table of Contents Portfolio Summary Cash and Short Term Equities Options Outstanding Foreign Exchange Contracts Trade Activity Account Transactions Account Officers Service Specialist: MANNINO/DORAZIO Page 4 6 8 9 13 16 22 EFTA01552405 06 JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 4 of 44 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 68% Cash and Short Term 32% Equities Market Value USD Jun 30 Cash S Short Term Equities Options Total Foreign Exchange Accrued Income Total Portfolio Value 52,264,881.43 24,642,402.40 3,144,730.14 80,052,013.97 2,105,285.89 37,254.08 82,194,553.94 Income Summary Dividends Total Net Gain/Loss Summary Net Short Term Gain/Loss Total Market Value USD May 31 20,119,520.00 24,482,386.80 1,180,012.48 45,781,919.28 12.40 10,393.88 45,792,325.56 Tax Cost USD 52,264,881.43 - 3,454,545.00 48,810,336.43 Estimated Annual Income USD 920,864.70 920,864.70 Yield 1.8 0.0 N/A N/A 1.2 This Period USD 10,393.88 10,393.88 Year to Date USD* 10,393.88 10,393.88 Realized This Period USD Realized Year to Date USD* 3,570,017.55 3,570,017.55 *Year to date information is calculated on a calendar year basis. Exchange Rates EFTA01552406 Spot Rates as of June 30, 2002 Market value of Options is not included in pie chart. Currency AUD CHF EUR GBP Exchange Rate 0.5614 1.4883 0.9876 1.5243 4,315,042.55 4,315,042.55 Unrealized USD 6,599,275.37 6,599,275.37 EFTA01552407 06 JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 5 of 44 Exchange Rates Spot Rates as of June 30, 2002 Currency NOK SEK Exchange Rate 7.5043 9.1905 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 EFTA01552408 06 JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 6 of 44 Cash and Short Term Summary by Maturity Current Market Value USD Adjusted Cash Balance Less Than 3 Months Total 3,173,258.75 49,091,622.68 52,264,881.43 Estimated Annual Income USD 37,215.50 883,649.20 920,864.70 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: 1.49% POUND STERLING US DOLLAR PROCEEDS FROM PENDING SALES Adjusted Cash Balance USD 447,793.37 1.00 1.00 447,793.37 447,793.37 2,882.77 GBP USD USD 0.25 708,655 2,016,810 1.52 1.00 1.00 1.52425 1.00 1.00 0.38 708,655.00 2,016,810.00 3,173,258.75 0.38 708,655.00 2,016,810.00 3,173,258.75 2,882.77 30,453.83 6,761.67 1.51 CurrenCy/ Unit Cost Adjusted Account Type Quantity Original Market Price Tax Cost Adjusted EFTA01552409 Original Market Value USD Accrued Interest USD Unrealized Gain/Loss USD Estimated Current Annual Yield/ Income USD YTM % Current N/A N/A 1.51 37,215.50 1.17 EFTA01552410 06 JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 7 of 44 Cash and Short Term by Type Description Cusip/S&P/Moody's Rating Short Term by Maturity J P MORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARES CLASS (FUND 829) 7-Day Annualized Yield: 1.73% 62826N-77-0 Total Cash and Short Term 52,264,881.43 52,264,881.43 37,254.08 0.00 920,864.70 1.76 USD 49,091,622.68 1.00 1.00 49,091,622.68 49,091,622.68 34,371.31 883,649.20 1.80 Continued currency/ Account Type Quantity Unit Cost Adjusted 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 t EFTA01552411 06 JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 8 of 44 Equities Equity Holdings in Alphabetical Order Description Cusip/Symbol CurrenCyi Account Type Quantity unit Cost Current Market Price Tax Cost Current Market Value USD USD Accrued Dividends USD Estimated Unrealized Gain/Loss USD Annual Dividend Income USD Yield % TOO INC 890333-10-7 TOO USD Total Equity 800,078 800,078 30.80 24,642,402.40 24,642,402.40 N/A 0.00 N/A 0.0 EFTA01552412 06 JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 9 of 44 Options Foreign Exchange Description Cusip GBP CALL USD PUT FX EUROPEAN STYLE OPTION JUL 18, 2002 8 1.49 XGBPCA-GW-2 NOK PUT USD CALL FX EUROPEAN STYLE OPTION DEC 18, 2002 8 7.9 XNOKPA-BU-2 CHF PUT USD CALL FX EUROPEAN STYLE OPTION NOV 08, 2002 8 1.63 XCHFPA-BP-2 CHF PUT USD CALL FX EUROPEAN STYLE OPTION AUG 08, 2002 8 1.6275 XCHFPA-BQ-2 SEK CALL USD PUT FX EUROPEAN STYLE OPTION AUG 12, 2002 8 10.05 XSEKCA-AO-2 NOK PUT USD CALL FX EUROPEAN STYLE OPTION NOV 14, 2002 8 8.6 XNOKPA-AT-2 NOK - 189,200,000 USD - 22,000,000.00 USD - 482,000.00 - 482,000.00 - 70,972.70 411,027.30 SEK 65,325,000 USD 6,500,000.00 USD 82,000.00 82,000.00 591,766.11 509,766.11 CHF - 8,137,500 USD - 5,000,000.00 USD - 53,750.00 - 53,750.00 - 1,199.06 52,550.94 CHF - 8,150,000 USD - 5,000,000.00 USD - 85,350.00 - 85,350.00 - 20,177.04 65,172.96 NOK - 158,000,000 USD - 20,000,000.00 USD - 632,000.00 - 632,000.00 - 419,342.30 212,657.70 Counter Amount Currency Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD GBP - 10,000,000 USD - 14,900,000.00 USD EFTA01552413 - 76,655.00 - 76,655.00 - 350,213.37 - 273,558.37 EFTA01552414 06 Cusip JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 10 of 44 Foreign Exchange Description CHF CALL USD PUT FX EUROPEAN STYLE OPTION FEB 20, 2003 8 1.5 XCHFCA-BG-2 NOK CALL USD PUT FX AMERICAN STYLE OPTION NOV 20, 2002 8 8. XNOKCA-AJ-2 CHF CALL USD PUT FX AMERICAN STYLE OPTION NOV 20, 2002 8 1.5 XCHFCA-BH-2 AUD CALL USD PUT FX AMERICAN STYLE OPTION NOV 21, 2002 8 .575 XAUDCA-AP-2 SEK PUT USD CALL FX EUROPEAN STYLE OPTION AUG 26, 2002 8 10.2 XSEKPA-BE-2 SEK CALL USD PUT FX AMERICAN STYLE OPTION NOV 26, 2002 8 9.25 XSEKCA-AP-2 SEK CALL USD PUT FX AMERICAN STYLE OPTION NOV 27, 2002 8 9.25 XSEKCA-AM-2 SEK 92,500,000 USD 10,000,000.00 USD 83,900.00 83,900.00 322,504.03 238,604.03 SEK 92,500,000 USD 10,000,000.00 USD 78,700.00 78,700.00 321,528.15 242,828.15 SEK - 102,000,000 USD - 10,000,000.00 USD - 88,000.00 - 88,000.00 - 5,746.68 82,253.32 AUD 20,000,000 USD 11,500,000.00 USD 149,000.00 149,000.00 156,676.00 7,676.00 CHF 37,500,000 USD 25,000,000.00 USD 341,750.00 341,750.00 930,241.88 588,491.88 NOK 280,000,000 USD 35,000,000.00 USD 469,000.00 469,000.00 2,356,502.40 1,887,502.40 Counter Amount Currency continued CHF 11,250,000 USD EFTA01552415 7,500,000.00 USD 130,000.00 130,000.00 342,708.98 212,708.98 Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01552416 06 Cusip JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 11 of 44 Foreign Exchange Description AUD CALL USD PUT FX AMERICAN STYLE OPTION NOV 27, 2002 @ .574 XAUDCA-AN-Z NOK PUT USD CALL FX EUROPEAN STYLE OPTION MAR 10, 2003 @ 7.75 XNOKPA-AZ-Z SEK PUT USD CALL FX EUROPEAN STYLE OPTION DEC 20, 2002 @ 9.21 XSEKPA-BL-Z NOK PUT USD CALL FX EUROPEAN STYLE OPTION DEC 20, 2002 @ 7.62 XNOKPA-BH-Z NOK PUT USD CALL FX EUROPEAN STYLE OPTION JAN 06, 2003 @ 7.65 KNOCK OUT @ 7.40 XNOKPA-BM-Z P CHF PUT USD CALL FX EUROPEAN STYLE OPTION JAN 07, 2003 @ 1.495 XCHFPA-CA-2 P SEK PUT USD CALL FX EUROPEAN STYLE OPTION JAN 07, 2003 @ 9.21 XSEKPA-BR-Z SEK - 156,570,000 USD - 17,000,000.00 USD - 696,630.00 - 696,630.00 0.00 696,630.00 CHF - 25,415,000 USD - 17,000,000.00 USD - 539,090.00 - 539,090.00 0.00 539,090.00 NOK - 38,250,000 USD - 5,000,000.00 USD - 125,000.00 - 125,000.00 - 76,695.08 48,304.92 NOK - 129,540,000 USD - 17,000,000.00 USD - 750,880.00 - 750,880.00 - 620,131.30 130,748.70 SEK - 64,470,000 USD - 7,000,000.00 USD - 339,850.00 - 339,850.00 - 280,775.88 59,074.12 NOK - 38,750,000 USD - 5,000,000.00 USD - 314,600.00 - 314,600.00 - 197,606.40 116,993.60 Counter Amount Currency continued AUD 20,000,000 USD 11,480,000.00 USD 176,000.00 176,000.00 165,662.40 EFTA01552417 - 10,337.60 Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01552418 06 Cusip JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 12 of 44 Foreign Exchange Description P NOK PUT USD CALL FX EUROPEAN STYLE OPTION JAN 07, 2003 a 7.515 XNOKPA-BS-2 Total Foreign Exchange Exchange-listed options are valued using market prices at the close of business for statement date. Over-The-Counter (OTC) options are valued at Mid-Market, unless otherwise agreed. See: Important Information about Pricing and Valuations. - 3,454,545.00 3,144,730.14 6,599,275.37 Counter Amount Currency continued NOK - 127,755,000 USD - 17,000,000.00 USD - 781,090.00 - 781,090.00 0.00 781,090.00 Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD 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. Valuations of over-the-counter derivative transactions, including certain derivatives-related deposi t products, have been prepared on a mid-market basis. These valuations are indicative values as of t he close of business of the date of this statement and, except as otherwise agreed in writing, these valuations do not represent the actual terms at wh ich transactions or securities could be bought or sold or new transactions could be entered into, or the actual terms on which existing transactions or securities could be liquidated as of the date of this statement. We do not warrant their completenes s or accuracy. These valuations are derived from proprietary models based upon well recognized finan cial principles and we have, when necessary to calculate the present value of future cash flows, made reasonable estimates about relevant future ma rket conditions. Valuations based on other models or different assumptions may yield different resul ts. Morgan expressly disclaims any responsibility for (1) the accuracy of the models or estimates used in deriving the valuations, (2) any errors or o missions in computing or disseminating the valuations, and (3) any uses to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. Please refer to the trade confirmation for d etails of each transaction. EFTA01552419 06 JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 13 of 44 Outstanding Foreign Exchange Contracts Net Currency Exposure Summary Swiss Franc Euro Currency Pound Sterling Norwegian Krone Swedish Krona U S Dollar Value in Currency - 5,254,250.00 10,000,000.00 8,568,000.00 84,325,000.00 88,353,000.00 - 37,880,782.14 Gain/Loss Summary Total Unrealized Open Value in USD Total Unrealized Gain/Loss 2,105,285.89 2,105,285.89 Foreign Exchange Contracts Settlement Date Trade Date SPECULATIVE SWISS FRANC - U S DOLLAR Jun. 27 02 Jul. 1 02 CHF Jun. 27 02 Jul. 1 02 CHF Total Closed Jun. 20 02 Jul. 15 02 CHF Jun. 26 02 Jul. 15 02 CHF Jun. 27 02 Jul. 15 02 CHF Jun. 28 02 Jul. 15 02 CHF Jun. 28 02 Jul. 15 02 CHF Jun. 20 02 Jul. 24 02 CHF Jun. 21 02 Sep. 25 02 CHF Total Open Total 11,960,000.00 USD - 11,960,000.00 USD 0.00 39,587,500.00 USD 11,201,250.00 USD - 11,960,000.00 USD - 44,592,000.00 USD - 29,868,000.00 USD 15,257,000.00 USD 15,120,000.00 USD - 5,254,250.00 - 5,254,250.00 - 8,000,000.00 8,000,000.00 .00 - 25,925,016.37 - 7,500,000.00 8,000,535.15 30,000,000.00 20,000,000.00 - 10,000,000.00 - 10,000,000.00 4,575,518.78 4,575,518.78 1.527 1.4935 1.4949 1.4864 1.4934 1.5257 EFTA01552420 1.512 1.487833 1.487833 1.487833 1.487833 1.487833 1.487582 1.485995 1.495 1.495 1.495 1.495 8,000,000.00 8,000,000.00 16,000,000.00 26,607,497.65 7,528,569.19 8,000,535.15 30,000,000.00 20,000,000.00 10,256,241.50 10,174,997.36 112,567,840.85 128,567,840.85 8,000,000.00 8,000,000.00 16,000,000.00 25,925,016.37 7,500,000.00 8,038,539.23 29,971,115.50 20,074,840.28 10,000,000.00 10,000,000.00 111,509,511.38 127,509,511.38 0.00 0.00 0.00 682,481.28 28,569.19 - 38,004.08 28,884.50 - 74,840.28 256,241.50 174,997.36 1,058,329.47 1,058,329.47 Currency Amount Counter Currency Counter Amount Contract Rate Current Market Forward Rate Market Value Receivables USD Market Value Payables USD Unrealized Gain/Loss USD EFTA01552421 06 Trade Date JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 14 of 44 Foreign Exchange Contracts Settlement Date Currency Jun. 20 02 Jul. 15 02 EUR continued Amount EURO CURRENCY - POUND STERLING POUND STERLING - U S DOLLAR Jun. 20 02 Jul. 18 02 GBP Jun. 20 02 Sep. 24 02 GBP Total Open Jun. 27 02 Jul. 1 02 NOK Jun. 27 02 Jul. 1 02 NOK Jun. 20 02 Jul. 15 02 NOK Jun. 27 02 Jul. 15 02 NOK Jun. 21 02 Sep. 25 02 NOK Total Open Total Jun. 27 02 Jul. 1 02 SEK Jun. 27 02 Jul. 1 02 SEK Jun. 20 02 Jul. 15 02 SEK Jun. 26 02 Jul. 15 02 SEK Jun. 27 02 Jul. 15 02 SEK Jun. 21 02 Sep. 25 02 SEK Total Open Total Counter Currency Counter Amount Contract Rate Current Market Forward Rate Market Value Receivables USD Market Value Payables USD Unrealized Gain/Loss USD 10,000,000.00 GBP - 6,432,000.00 5,000,000.00 USD 10,000,000.00 USD 15,000,000.00 NORWEGIAN KRONE - U S DOLLAR Total Closed - 75,150,000.00 USD 75,150,000.00 USD 0.00 82,525,000.00 USD - 75,150,000.00 USD 76,950,000.00 USD 84,325,000.00 84,325,000.00 SWEDISH KRONA - U S DOLLAR Total Closed 82,890,000.00 USD - 82,890,000.00 USD 0.00 68,194,000.00 USD 9,249,000.00 USD - 82,890,000.00 USD 93,800,000.00 USD 88,353,000.00 88,353,000.00 - 7,480,000.00 - 14,925,000.00 - 22,405,000.00 EFTA01552422 10,000,000.00 - 10,000,000.00 .00 - 10,759,452.41 9,977,429.63 - 10,000,000.00 - 10,782,022.78 - 10,782,022.78 - 9,000,000.00 9,000,000.00 -00 - 7,258,541.78 - 1,000,000.00 8,989,263.64 - 10,000,000.00 - 9,269,278.14 - 9,269,278.14 9.395 9.249 9.221 9.38 9.200549 9.200549 9.200549 9.249586 7.67 7.532 7.695 7.520748 7.520748 7.599988 0.6432 1.496 1.4925 1.543037 1.522603 1.516144 9,869,349.99 7,613,015.00 15,161,440.00 22,774,455.00 7.515 7.515 7.515 7.515 10,000,000.00 10,000,000.00 20,000,000.00 10,972,978.30 9,977,429.63 10,125,015.66 31,075,423.59 51,075,423.59 9.21 9.21 9.21 9.21 9,000,000.00 9,000,000.00 18,000,000.00 7,411,948.78 1,005,266.06 8,989,263.64 10,140,994.05 27,547,472.53 45,547,472.53 9,795,148.08 7,480,000.00 14,925,000.00 22,405,000.00 10,000,000.00 10,000,000.00 20,000,000.00 10,759,452.41 9,992,357.70 10,000,000.00 30,751,810.11 50,751,810.11 9,000,000.00 EFTA01552423 9,000,000.00 18,000,000.00 7,258,541.78 1,000,000.00 9,009,244.72 10,000,000.00 27,267,786.50 45,267,786.50 74,201.91 133,015.00 236,440.00 369,455.00 0.00 0.00 0.00 213,525.89 - 14,928.07 125,015.66 323,613.48 323,613.48 0.00 0.00 0.00 153,407.00 5,266.06 - 19,981.08 140,994.05 279,686.03 279,686.03 EFTA01552424 06 Trade Date JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 15 of 44 Foreign Exchange Contracts Settlement Date Currency Total Foreign Exchange Contracts continued Amount Counter Currency Counter Amount Contract Rate Current Market Forward Rate Market Value Receivables USD Market Value Payables USD Unrealized Gain/Loss USD 257,834,541.96 255,729,256.07 2,105,285.89 EFTA01552425 06 JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 16 of 44 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 with N/A. Trade Activity by Type Settlement Date Trade Date Settled May 31Jun 3 Purchase Jun 4 Jun 4 Expired Opt J P MORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARES CLASS (FUND 829) AUD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 27, 2002 @ .56 KNOCK OUT @ .574 Issued in USD Jun 7 Jun 7 Expired Opt CHF PUT USD CALL FX EUROPEAN STYLE OPTION NOV 20, 2002 @ 1.585 KNOCK OUT @ 1.55 Issued in USD CHF 39,625,000 0.00 235,000.00 235,000.00 S USD AUD 2,919.52 20,000,000 1.00 - 2,919.52 0.00 197,000.00 197,000.00 S Type Amount USD 3,623,128.19 0.00 Realized Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD EFTA01552426 06 Trade Date JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 17 of 44 Trade Activity by Type Settlement Date Type Settled continued Jun 10 Jun 12 Write Option Jun 11 Jun 13 Write Option NOK PUT USD CALL FX EUROPEAN STYLE OPTION MAR 10, 2003 @ 7.75 AUD PUT USD CALL Jun 13 Jun 13 Expired Opt Jun 14 Jun 17 Write Option FX EUROPEAN STYLE OPTION DEC 11, 2002 @ .5675 KNOCK OUT @ .5785 CHF PUT USD CALL FX EUROPEAN STYLE OPTION JUN 13, 2002 @ 1.57 CAD PUT USD CALL Jun 14 Jun 14 Expired Opt FX EUROPEAN STYLE OPTION DEC 16, 2002 @ 1.55 KNOCK OUT @ 1.5285 GBP PUT USD CALL FX EUROPEAN STYLE OPTION OCT 31, 2002 @ 1.4625 KNOCK OUT @ 1.4758 Issued in USD Jun 18 Jun 20 Write Option Jun 18 Jun 20 Write Option Jun 19 Jun 21 Write Option GBP CALL USD PUT FX EUROPEAN STYLE OPTION JUL 18, 2002 @ 1.49 NOK PUT USD CALL FX EUROPEAN STYLE OPTION DEC 18, 2002 @ 7.9 NOK PUT USD CALL FX EUROPEAN STYLE OPTION DEC 19, 2002 @ 7.75 KNOCK OUT @ 7.63 USD USD USD - 10,000,000 - 158,000,000 - 77,500,000 0.514 3.16 1.26 76,655.00 632,000.00 126,000.00 USD USD - 38,750,000 - 20,000,000 6.292 1.31 314,600.00 149,340.00 continued Realized Description Currency Quantity Price/Unit Market Cost/Proceeds EFTA01552427 Tax Cost Gain/Loss USD USD USD 26,690,000 0.00 - 21,700,000 1.015 142,100.00 98,520.00 98,520.00 S GBP 5,000,000 0.00 68,325.00 68,325.00 S EFTA01552428 06 Trade Date JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 18 of 44 Trade Activity by Type Settlement Date Type Settled continued Jun 19 Jun 19 Expired Opt Jun 19 Jun 19 Expired Opt Jun 19 Jun 24 Write Option SEK PUT USD CALL FX EUROPEAN STYLE OPTION JUN 19, 2002 @ 10.08 SEK PUT USD CALL FX EUROPEAN STYLE OPTION JUN 19, 2002 @ 10.08 SEK PUT USD CALL Jun 20 Jun 24 Write Option Jun 20 Jun 25 Write Option Jun 21 Jun 21 Expired Opt FX EUROPEAN STYLE OPTION DEC 20, 2002 @ 9.5 KNOCK OUT @ 9.40 NOK PUT USD CALL FX EUROPEAN STYLE OPTION DEC 20, 2002 @ 7.62 SEK PUT USD CALL FX EUROPEAN STYLE OPTION DEC 20, 2002 @ 9.21 CAD PUT USD CALL FX EUROPEAN STYLE OPTION DEC 16, 2002 @ 1.55 KNOCK OUT @ 1.5285 Issued in USD Jun 24 Jun 24 Expired Opt AUD PUT USD CALL FX EUROPEAN STYLE OPTION DEC 11, 2002 @ .5675 KNOCK OUT @ .5785 Issued in USD Jun 24 Jun 26 Write Option NOK PUT USD CALL FX EUROPEAN STYLE OPTION JAN 06, 2003 @ 7.65 KNOCK OUT @ 7.40 USD - 38,250,000 2.50 125,000.00 AUD 20,000,000 0.00 149,340.00 149,340.00 S USD USD USD 50,400,000 50,400,000 - 95,000,000 1.01 0.00 0.00 101,000.00 46,500.00 45,500.00 46,500.00 S 45,500.00 S continued Realized EFTA01552429 Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD USD USD CAD - 129,540,000 4.417 - 64,470,000 21,700,000 4.855 750,880.00 339,850.00 0.00 142,100.00 142,100.00 S EFTA01552430 06 Trade Date JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 19 of 44 Trade Activity by Type Settlement Date Type Settled continued Jun 24 Jun 26 Write Option SEK PUT USD CALL FX EUROPEAN STYLE OPTION DEC 20, 2002 @ 9.35 KNOCK OUT @ 9.15 Jun 24 Jun 24 Purchase Jun 25 Jun 25 Expired Opt J P MORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARES CLASS (FUND 829) NOK PUT USD CALL FX EUROPEAN STYLE OPTION DEC 19, 2002 @ 7.75 KNOCK OUT @ 7.63 Issued in USD Jun 25 Jun 25 Expired Opt SEK PUT USD CALL FX EUROPEAN STYLE OPTION DEC 20, 2002 @ 9.5 KNOCK OUT @ 9.40 Issued in USD Jun 27 Jun 27 Purchase Jun 28 Jun 28 Expired Opt J P MORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARES CLASS (FUND 829) SEK PUT USD CALL FX EUROPEAN STYLE OPTION DEC 20, 2002 @ 9.35 KNOCK OUT @ 9.15 Issued in USD USD SEK 28,000,000 46,750,000 1.00 - 28,000,000.00 0.00 78,000.00 78,000.00 S SEK 95,000,000 0.00 101,000.00 101,000.00 S USD NOK 1,088,703.16 77,500,000 1.00 - 1,088,703.16 0.00 126,000.00 126,000.00 S USD - 46,750,000 1.56 78,000.00 continued Realized Description Currency Quantity Price/Unit Market Cost/Proceeds EFTA01552431 Tax Cost Gain/Loss USD EFTA01552432 06 Date JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 20 of 44 Trade Activity by Type Trade Estimated Settlement Date Pending Jun 27 Jul 1 Jun 27 Jul 1 Jun 27 Jul 1 Write Option Write Option Write Option CHF PUT USD CALL FX EUROPEAN STYLE OPTION JAN 07, 2003 8 1.495 NOK PUT USD CALL FX EUROPEAN STYLE OPTION JAN 07, 2003 8 7.515 SEK PUT USD CALL FX EUROPEAN STYLE OPTION JAN 07, 2003 8 9.21 Trade Date Settlement Date Counter Currency Settled Foreign Exchange Contracts SPECULATIVE SWISS FRANC May 23 02 Jun 24 02 May 24 02 Jun 24 02 Jun 20 02 Jun 24 02 - U S DOLLAR CHF 39,805,000.00 USD - 25,189,849.39 CHF - 217,500.00 USD EURO CURRENCY - POUND STERLING May 17 02 Jun 21 02 May 31 02 Jun 21 02 Jun 3 02 Jun 24 02 137,414.70 CHF - 39,587,500.00 USD 25,908,049.74 EUR 20,000,000.00 GBP - 12,624,000.00 EUR - 20,000,000.00 GBP 12,782,000.00 EUR 10,000,000.00 GBP - 6,421,000.00 1.580200 1.582800 1.528000 1.584284 1.564700 1.557390 1.502350 1.502350 1.502350 1.031930 0.666950 1.031930 0.666950 1.022800 0.664650 - 25,189,849.39 137,414.70 26,495,157.58 - 144,773.18 25,908,049.74 - 26,350,384.39 19,381,000.12 - 18,927,794.42 - 19,381,000.12 EFTA01552433 9,777,000.02 19,164,691.72 - 9,660,715.69 1,305,308.19 - 7,358.48 - 442,334.65 453,205.70 - 216,308.40 116,284.33 Amount Currency Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD USD - 156,570,000 4.098 696,630.00 USD USD - 25,415,000 - 127,755,000 3.171 4.595 539,090.00 781,090.00 Type continued Realized Gain/Loss Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost USD EFTA01552434 06 Date JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 21 of 44 Trade Activity by Type Settlement Date continued Settled Foreign Exchange Contracts Trade Currency Jun 20 02 Jun 24 02 Counter Amount Currency continued EUR - 10,000,000.00 GBP POUND STERLING - U S DOLLAR GBP May 23 02 Jun 24 02 Jun 19 02 Jun 24 02 Jun 21 02 Jun 24 02 6,427,000.00 1.555936 0.969050 1.499350 GBP - 3,422,079.00 USD GBP - 6,000.00 USD NORWEGIAN KRONE - U S DOLLAR May 17 02 Jun 24 02 May 17 02 Jun 24 02 May 20 02 Jun 24 02 Jun 20 02 Jun 24 02 SWEDISH KRONA - U S DOLLAR May 30 02 Jun 24 02 Jun 20 02 Jun 24 02 TRADE RELATED Jun 19 02 Jun 21 02 POUND STERLING - U S DOLLAR GBP 3,422,079.25 USD - 4,966,121.41 5,091,026.93 8,977.20 NOK 82,624,000.00 USD - 10,000,000.00 NOK 82,525,000.00 USD - 10,021,859.25 NOK - 82,624,000.00 USD 10,031,567.18 NOK - 82,525,000.00 USD 10,787,581.70 SEK 68,194,000.00 USD - 7,000,000.00 SEK - 68,194,000.00 USD - 158,000.00 USD 1.451200 1.487700 1.496200 8.262400 8.234500 8.236400 7.650000 7,266,275.97 229,668.80 9.742000 9.385000 1.453600 1.504550 1.504541 1.504540 7.564950 7.564950 7.564950 7.564950 9.272250 9.272250 1.499350 - 9,690,500.06 EFTA01552435 9,636,322.46 - 54,177.60 Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD - 4,966,121.41 5,091,026.93 8,977.20 - 10,000,000.00 - 10,021,859.25 5,148,689.41 - 5,148,657.89 - 9,027.24 10,921,949.25 10,908,862.58 10,031,567.18 - 10,921,949.25 10,787,581.70 - 10,908,862.58 - 7,000,000.00 7,266,275.97 229,668.80 7,354,633.44 - 7,354,633.44 - 236,897.30 182,568.00 - 57,630.96 - 50.04 921,949.25 887,003.33 - 890,382.07 - 121,280.88 354,633.44 - 88,357.47 - 7,228.50 EFTA01552436 06 JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 22 of 44 Account Transactions by Currency Euro Currency Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Euro Currency Activity by Date Settlement Date Type Jun 21 Fwd FX Ctrct Quantity Description 12,782,000 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL EUR CONTRACT RATE : 0.639100000 TRADE 5/31/02 VALUE 6/21/02 Jun 24 Fwd FX Ctrct - 6,421,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL GBP CONTRACT RATE : 0.642100000 TRADE 6/03/02 VALUE 6/24/02 Jun 24 Fwd FX Ctrct - 12,624,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL GBP CONTRACT RATE : 0.631200000 TRADE 5/17/02 VALUE 6/21/02 - 86,499.96 .00 30,000,000.00 - 30,000,000.00 .00 - 86,499.96 30,000,000.00 - 30,000,000.00 Amount to Date Realized Amount Gain/Loss USD - 20,000,000.00 - 19,381,000.12 Amount USD 10,000,000.00 9,777,000.02 20,000,000.00 19,381,000.12 EFTA01552437 06 Date JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 23 of 44 Euro Currency Activity by Date Settlement continued Realized Type Jun 24 Spot FX Quantity Description 6,427,000 SPOT CURRENCY TRANSACTION - SALE BUY GBP SELL EUR SPOT RATE : 1.037740283 TRADE 6/20/02 VALUE 6/24/02 POUND STERLING EURO PRINCIPAL CURRENCY Gain/Loss USD - 10,000,000.00 - 9,636,322.46 Amount Amount USD EFTA01552438 06 JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 24 of 44 Account Transactions by Currency Norwegian Krone Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Foreign Exchange Ending Balance Norwegian Krone Activity by Date Settlement Date Type Jun 25 Fwd FX Ctrct Quantity Description 10,031,567.18 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NOK CONTRACT RATE : 8.236400000 TRADE 5/20/02 VALUE 6/24/02 Jun 25 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL USD CONTRACT RATE : 8.262400000 TRADE 5/17/02 VALUE 6/24/02 Jun 25 Fwd FX Ctrct - 10,021,859.25 SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL USD CONTRACT RATE : 8.234500000 TRADE 5/17/02 VALUE 6/24/02 .00 165,149,000.00 - 165,149,000.00 .00 165,149,000.00 - 165,149,000.00 Amount to Date Realized Amount Gain/Loss USD - 82,624,000.00 - 10,921,949.25 Amount USD 82,624,000.00 10,921,949.25 82,525,000.00 10,908,862.58 EFTA01552439 06 Date JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 25 of 44 Norwegian Krone Activity by Date Settlement continued Realized Type Jun 25 Spot FX Quantity Description 10,787,581.70 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NOK SPOT RATE : 7.650000000 TRADE 6/20/02 VALUE 6/24/02 U S DOLLAR NORWEGIAN KRONE AS OF 06/24/02 Gain/Loss USD - 82,525,000.00 - 10,787,581.70 Amount Amount USD EFTA01552440 06 JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 26 of 44 Account Transactions by Currency Pound Sterling Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Pound Sterling Activity by Date Settlement Date Type Jun 21 Fwd FX Ctrct Quantity Description - 20,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL EUR CONTRACT RATE : 0.639100000 TRADE 5/31/02 VALUE 6/21/02 Jun 21 Spot FX 229,668.80 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.453600000 TRADE 6/19/02 VALUE 6/21/02 U S DOLLAR POUND STERLING .00 22,631,079.25 - 22,631,079.00 .25 33,389.33 22,631,079.25 - 22,631,079.00 Amount to Date Realized Amount Gain/Loss USD 12,782,000.00 19,164,691.72 Amount USD - 158,000.00 - 229,668.80 EFTA01552441 06 Date JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 27 of 44 Pound Sterling Activity by Date Settlement continued Realized Type Jun 24 Fwd FX Ctrct Quantity Description 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL GBP CONTRACT RATE : 0.642100000 TRADE 6/03/02 VALUE 6/24/02 Jun 24 Fwd FX Ctrct 20,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL GBP CONTRACT RATE : 0.631200000 TRADE 5/17/02 VALUE 6/21/02 Jun 24 Spot FX - 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL EUR SPOT RATE : 0.666955680 TRADE 6/20/02 VALUE 6/24/02 POUND STERLING EURO PRINCIPAL CURRENCY Jun 25 Spot FX 5,091,026.93 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.487700000 TRADE 6/19/02 VALUE 6/24/02 U S DOLLAR POUND STERLING AS OF 06/24/02 Jun 25 Fwd FX Ctrct - 4,966,121.41 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL USD CONTRACT RATE : 1.451200000 TRADE 5/23/02 VALUE 6/24/02 3,422,079.25 5,148,689.41 - 3,422,079.00 - 5,091,026.93 Gain/Loss USD 33,389.33 - 6,421,000.00 - 9,660,715.69 Amount Amount USD - 12,624,000.00 - 18,927,794.42 6,427,000.00 9,636,322.46 EFTA01552442 06 Date JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 28 of 44 Pound Sterling Activity by Date Settlement continued Realized Type Jun 25 Spot FX Quantity Description 8,977.20 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.496200000 TRADE 6/21/02 VALUE 6/24/02 U S DOLLAR POUND STERLING AS OF 06/24/02 Gain/Loss USD - 6,000.00 - 8,977.20 Amount Amount USD EFTA01552443 06 JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 29 of 44 Account Transactions by Currency Swedish Krona Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Foreign Exchange Ending Balance Swedish Krona Activity by Date Settlement Date Type Jun 25 Fwd FX Ctrct Quantity Description - 7,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY SEK SELL USD CONTRACT RATE : 9.742000000 TRADE 5/30/02 VALUE 6/24/02 Jun 25 Spot FX 7,266,275.97 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL SEX SPOT RATE : 9.385000000 TRADE 6/20/02 VALUE 6/24/02 U S DOLLAR SWEDISH KRONA AS OF 06/24/02 .00 68,194,000.00 - 68,194,000.00 .00 68,194,000.00 - 68,194,000.00 Amount to Date Realized Amount Gain/Loss USD 68,194,000.00 7,354,633.44 Amount USD - 68,194,000.00 - 7,266,275.97 EFTA01552444 06 JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 30 of 44 Account Transactions by Currency Swiss Franc Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Swiss Franc Activity by Date Settlement Date Type Jun 25 Fwd FX Ctrct Quantity Description - 25,189,849.39 SETTLE FORWARD CURRENCY CONTRACT BUY CHF SELL USD CONTRACT RATE : 1.580200000 TRADE 5/23/02 VALUE 6/24/02 Jun 25 Fwd FX Ctrct 137,414.70 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL CHF CONTRACT RATE : 1.582800000 TRADE 5/24/02 VALUE 6/24/02 - 0.01 .00 39,805,000.00 - 39,805,000.00 .00 - .01 39,805,000.00 - 39,805,000.00 Amount to Date Realized Amount Gain/Loss USD 39,805,000.00 26,495,157.58 Amount USD - 217,500.00 - 144,773.18 EFTA01552445 06 Date JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 31 of 44 Swiss Franc Activity by Date Settlement continued Realized Type Jun 25 Spot FX Quantity Description 25,908,049.74 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL CHF SPOT RATE : 1.528000000 TRADE 6/20/02 VALUE 6/24/02 U S DOLLAR SWISS FRANC AS OF 06/24/02 Gain/Loss USD - 39,587,500.00 - 25,908,049.74 Amount Amount USD EFTA01552446 06 JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 32 of 44 Account Transactions by Currency U S Dollar 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 Foreign Exchange Ending Balance - 56,048,056.48 - 29,091,622.68 - 57,177,830.05 708,655.00 *Year to date information is calculated on a calendar year basis. - 76,069,056.48 - 49,351,522.68 - 57,177,830.05 10,393.88 55,621,263.11 2,933,945.00 25,000,000.00 59,460,562.22 10,393.88 75,621,263.11 3,214,845.00 45,000,000.00 59,460,562.22 .00 Amount Year to Date USD* U S Dollar Activity by Date Type Settlement Date Jun 3 Dividend Quantity Description JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST Amount USD 7,474.36 EFTA01552447 06 Settlement Date Jun 3 JPMorgan Chase Hank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 33 of 44 U S Dollar Activity by Date Type continued Quantity Description Write Option - 26,690,000 CHF PUT USD CALL FX EUROPEAN STYLE OPTION JUN 13, 2002 @ 1.57 WRITTEN FX OPTION PUT 26,690,000.00 CHF CALL 17,000,000.00 USD TRADE DATE 05/30/02 Jun 3 Jun 3 Dividend Purchase 2,919.52 J P MORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARES CLASS (FUND 829) J P MORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARES CLASS (FUND 829) INCOME DIVIDEND REINVESTED @ $1.00 J.P.MORGAN SECURITIES INC AS AGENT TRADE DATE 05/31/02 Jun 3 Purchase Jun 12 Write Option 105,994.36 JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST - 38,750,000 NOK PUT USD CALL FX EUROPEAN STYLE OPTION MAR 10, 2003 @ 7.75 WRITTEN FX OPTION PUT 38,750,000.00 NOK CALL 5,000,000.00 USD TRADE DATE 06/10/02 Jun 12 Purchase 314,600 JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST - 314,600.00 - 105,994.36 314,600.00 2,919.52 - 2,919.52 Amount USD 96,520.00 EFTA01552448 06 Settlement Date JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 34 of 44 U S Dollar Activity by Date Type continued Quantity Description Jun 13 Write Option - 20,000,000 AUD PUT USD CALL FX EUROPEAN STYLE OPTION DEC 11, 2002 @ .5675 KNOCK OUT @ .5785 WRITTEN FX OPTION PUT 20,000,000.00 AUD CALL 11,350,000.00 USD TRADE DATE 06/11/02 Jun 13 Purchase Jun 17 Purchase Jun 17 Write Option 149,340 142,100 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 - 21,700,000 CAD PUT USD CALL FX EUROPEAN STYLE OPTION DEC 16, 2002 @ 1.55 KNOCK OUT @ 1.5285 WRITTEN FX OPTION PUT 21,700,000.00 CAD CALL 14,000,000.00 USD TRADE DATE 06/14/02 Jun 20 Write Option - 158,000,000 NOK PUT USD CALL FX EUROPEAN STYLE OPTION DEC 18, 2002 @ 7.9 WRITTEN FX OPTION PUT 158,000,000.00 NOK CALL 20,000,000.00 USD TRADE DATE 06/18/02 632,000.00 - 149,340.00 - 142,100.00 142,100.00 Amount USD 149,340.00 EFTA01552449 06 Settlement Date JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 35 of 44 U S Dollar Activity by Date Type continued Quantity Description Jun 20 Write Option - 10,000,000 GBP CALL USD PUT FX EUROPEAN STYLE OPTION JUL 18, 2002 @ 1.49 WRITTEN FX OPTION CALL 10,000,000.00 GBP PUT 14,900,000.00 USD TRADE DATE 06/18/02 Jun 21 Spot FX - 158,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.453600000 TRADE 6/19/02 VALUE 6/21/02 U S DOLLAR Jun 21 Write Option - 77,500,000 POUND STERLING NOK PUT USD CALL FX EUROPEAN STYLE OPTION DEC 19, 2002 @ 7.75 KNOCK OUT @ 7.63 WRITTEN FX OPTION PUT 77,500,000.00 NOK CALL 10,000,000.00 USD TRADE DATE 06/19/02 Jun 21 Purchase Jun 24 Write Option 355,668.80 JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST - 95,000,000 SEX PUT USD CALL FX EUROPEAN STYLE OPTION DEC 20, 2002 @ 9.5 KNOCK OUT @ 9.40 WRITTEN FX OPTION PUT 95,000,000.00 SEX CALL 10,000,000.00 USD TRADE DATE 06/19/02 - 355,668.80 101,000.00 229,668.80 Amount USD 76,655.00 126,000.00 EFTA01552450 06 Settlement Date JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 36 of 44 U S Dollar Activity by Date Type continued Quantity Description Jun 24 Write Option - 129,540,000 NOK PUT USD CALL FX EUROPEAN STYLE OPTION DEC 20, 2002 @ 7.62 WRITTEN FX OPTION PUT 129,540,000.00 NOK CALL 17,000,000.00 USD TRADE DATE 06/20/02 Jun 24 Purchase 1,088,703.16 J P MORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARES CLASS (FUND 829) J.P.MORGAN SECURITIES INC AS AGENT @ 1.00 TRADE DATE 06/24/02 Jun 24 Purchase Jun 25 Fwd FX Ctrct 27,724,289.95 68,194,000 JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST SETTLE FORWARD CURRENCY CONTRACT BUY SEK SELL USD CONTRACT RATE : 9.742000000 TRADE 5/30/02 VALUE 6/24/02 Jun 25 Spot FX - 3,422,079 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.487700000 TRADE 6/19/02 VALUE 6/24/02 U S DOLLAR POUND STERLING AS OF 06/24/02 Jun 25 Fwd FX Ctrct - 82,624,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NOK CONTRACT RATE : 8.236400000 TRADE 5/20/02 VALUE 6/24/02 10,031,567.18 - 27,724,289.95 - 7,000,000.00 - 1,088,703.16 Amount USD 750,880.00 5,091,026.93 EFTA01552451 06 Settlement Date JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 37 of 44 U S Dollar Activity by Date Type continued Quantity Description Jun 25 Fwd FX Ctrct 82,624,000 SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL USD CONTRACT RATE : 8.262400000 TRADE 5/17/02 VALUE 6/24/02 Jun 25 Fwd FX Ctrct 82,525,000 SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL USD CONTRACT RATE : 8.234500000 TRADE 5/17/02 VALUE 6/24/02 Jun 25 Fwd FX Ctrct 39,805,000 SETTLE FORWARD CURRENCY CONTRACT BUY CHF SELL USD CONTRACT RATE : 1.580200000 TRADE 5/23/02 VALUE 6/24/02 Jun 25 Fwd FX Ctrct 3,422,079.25 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL USD CONTRACT RATE : 1.451200000 TRADE 5/23/02 VALUE 6/24/02 Jun 25 Fwd FX Ctrct - 217,500 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL CHF CONTRACT RATE : 1.582800000 TRADE 5/24/02 VALUE 6/24/02 Jun 25 Spot FX - 39,587,500 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL CHF SPOT RATE : 1.528000000 TRADE 6/20/02 VALUE 6/24/02 U S DOLLAR SWISS FRANC AS OF 06/24/02 Amount USD - 10,000,000.00 - 10,021,859.25 - 25,189,849.39 - 4,966,121.41 137,414.70 25,908,049.74 EFTA01552452 06 Settlement Date JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 38 of 44 U S Dollar Activity by Date Type continued Quantity Description Jun 25 Spot FX - 82,525,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NOK SPOT RATE : 7.650000000 TRADE 6/20/02 VALUE 6/24/02 U S DOLLAR NORWEGIAN KRONE AS OF 06/24/02 Jun 25 Spot FX - 68,194,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL SEX SPOT RATE : 9.385000000 TRADE 6/20/02 VALUE 6/24/02 U S DOLLAR SWEDISH KRONA AS OF 06/24/02 Jun 25 Write Option - 64,470,000 SEX PUT USD CALL FX EUROPEAN STYLE OPTION DEC 20, 2002 8 9.21 WRITTEN FX OPTION PUT 64,470,000.00 SEX CALL 7,000,000.00 USD TRADE DATE 06/20/02 Jun 25 Spot FX - 6,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.496200000 TRADE 6/21/02 VALUE 6/24/02 U S DOLLAR POUND STERLING AS OF 06/24/02 Jun 25 Sale - 27,621,263.11 JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST 27,621,263.11 8,977.20 339,850.00 7,266,275.97 Amount USD 10,787,581.70 EFTA01552453 06 Settlement Date JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 39 of 44 U S Dollar Activity by Date Type continued Quantity Description Jun 26 Write Option - 46,750,000 SEX PUT USD CALL FX EUROPEAN STYLE OPTION DEC 20, 2002 @ 9.35 KNOCK OUT @ 9.15 WRITTEN FX OPTION PUT 46,750,000.00 SEX CALL 5,000,000.00 USD TRADE DATE 06/24/02 Jun 26 Misc. Receipt Jun 26 Purchase Jun 26 Write Option 27,256,063.37 FED FUND RECEIVED THRU MELLON BANK N A FINANCIAL TRUST COMPANY INC JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST - 38,250,000 NOK PUT USD CALL FX EUROPEAN STYLE OPTION JAN 06, 2003 @ 7.65 KNOCK OUT @ 7.40 WRITTEN FX OPTION PUT 38,250,000.00 NOK CALL 5,000,000.00 USD TRADE DATE 06/24/02 Jun 27 Purchase 28,000,000 J P MORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARES CLASS (FUND 829) J.P.MORGAN SECURITIES INC AS AGENT @ 1.00 TRADE DATE 06/27/02 Jun 27 Sale - 28,000,000 JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST 28,000,000.00 - 28,000,000.00 - 27,256,063.37 125,000.00 25,000,000.00 Amount USD 78,000.00 EFTA01552454 06 JPMorgan Chase Bank 2002 Account Number: FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2002 - June 30, 2002 Page 40 of 44 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 , 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,