EFTA01507359.pdf

07 12004 JPMorgan Chase Bank 345 Park Avenue, New York. NY 10154-1002 JPMorgan Private Bank Account Number:0 30171.00.5 Asset Account Portfolio Page 41 of 65 FINANCIAL TRUST COMPANY INC July 01, 2004 - July 31, 2004 Account Transactions by Currency Swiss Franc Activity Summary Amount this Amour Deno° to Date Beginning Balance .00 Credits Foreign Exchange 38,039,000.00 50,534,000.00 Debits Purchases of Securities - 10,000,000.00 Foreign Exchange - 38,039,000.00 - 40,534,000.00 Ending Balance .00 Foreign Exchange Gains/Losses - .02 Swiss Franc Activity by Date Settlement Realize° Amount Amount USD Date TYPe OuenMy oincrorton Gaintores US0 Jul 2 Expired Opt 19,050,000 CHF PUT USD CALL FX EUROPEAN STYLE OPTION SEP 30, 2004 a 1.27 KNOCK IN a 1.29 KNOCK OUT flp 1.2360 EXPIRATION OF WRITTEN FX OPTION OPTION KNOCKED OUT Jul 8 Fwd FX Ctrct - 15,000,000 SETTLE FORWARD CURRENCY CONTRACT 22,839,000.00 18,660,075.98 BUY CHF SELL EUR CONTRACT RATE : 1.522600003 TRADE 6/04104 VALUE 7/08/04 Confidential Treatment Requested by JPMorgan JPM-SDNY-00032392 Chase CONFIDENTIAL SDNY_GM_00301590 EFTA01507359