EFTA01554342.pdf

10 2004 Confidential FINANCIAL TRUST COMPANY INC Page 1 of 74 Gift Processing The holiday season will soon be here. If you plan to make securities gifts this year, please notify us before December 1, 2004 to allow sufficient time to process your request and meet the year-end deadline. J.P. Morgan Portfolios October 1 - October 31, 2004 Table of Contents Page Account Summary Asset Account Portfolio Margin Account Portfolio JPMCB JPMSI 2 3 72 000000.0000.00.0000.000.000000000.000000 FINANCIAL TRUST COMPANY INC ATTN: JEFFREY E EPSTEIN C/O AMERICAN YACHT HARBOR 6100 RED HOOK, QUARTERS #B3 ST THOMAS 00802 US VIRGIN ISLDS EFTA01554342 10 2004 Portfolio Summary FINANCIAL TRUST COMPANY INC October 01, 2004 - October 31, 2004 Page 2 of 74 Portfolio Summary Net Worth Summary Asset Portfolio USD Q 30171-00-5 Assets(Long) Cash & Short Term Equities Other Options Liabilities (Short) Other Options Total FX Gain/Loss Accrued Income Total Net Worth Income Summary Dividends Total 95,610,870.78 77,602,623.25 16,860,229.56 824,602.44 323,415.53 - 4,263,493.49 - 87,622.00 - 4,175,871.49 91,347,377.29 104,828.18 104,017.26 91,556,222.73 Margin Portfolio USD 161121381 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -00 0.00 0.00 95,610,870.78 77,602,623.25 16,860,229.56 824,602.44 323,415.53 - 4,263,493.49 - 87,622.00 - 4,175,871.49 91,347,377.29 104,828.18 EFTA01554343 104,017.26 91,556,222.73 This Period 82,530.99 82,530.99 Year to Date 468,606.33 468,606.33 JPMorgan provides this Portfolio Summary for informational purposes. This summar y includes information 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 guar anteed by JPMCB or any of its bank of thrift affiliates (unless otherwise indicated), and are subject to investment risks, including pos sible loss of the principal amount invested. Assets held in custody by JPMCB are not protected under the Securities Investor Protection Corporation ("SIPC") insurance. Total USD EFTA01554344 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 3 of 74 Asset Account Portfolio October 1 - October 31, 2004 Table of Contents Portfolio Summary Cash and Short Term Equities Equity Research Ratings Other Options Outstanding Foreign Exchange Contracts Trade Activity Account Transactions Account Officers D'ORAZIO/HORNAK Page 4 6 7 8 9 10 15 17 25 EFTA01554345 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 4 of 74 Overview Current 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 sta tement 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 (u nless otherwise indicated). Such securities and other investments are subject to inves tment 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 81% Cash and Short Term 18% Equities 1% Other Cash & Short Term Equities Other Options Total Foreign Exchange Accrued Income Total Portfolio Value Market Value USD Oct 31 77,602,623.25 16,860,229.56 736,980.44 - 3,852,455.96 91,347,377.29 104,828.18 104,017.26 91,556,222.73 Income Summary Dividends Total Net Gain/Loss Summary Net Short Term Gain/Loss Total Prior Period Market Value USD Sep 30 70,191,274.76 13,835,801.46 4,813,782.99 - 1,807,045.39 87,033,813.82 790,737.21 82,530.99 EFTA01554346 87,907,082.02 This Period USD 82,530.99 82,530.99 Year to Date USD* 468,606.33 468,606.33 Tax Cost USD 77,602,623.24 - 1,347,569.94 76,255,053.30 Estimated Annual Income USD 1,316,916.51 Yield 1.7 0.0 0.0 1,316,916.51 N/A N/A 1.4 Realized This Period USD Realized Year to Date USD* 1,033,450.06 1,033,450.06 *Year to date information is calculated on a calendar year basis. Exchange Rates Spot Rates as of October 31, 2004 Market value of Options is not included in pie chart. Currency AUD EUR GBP Exchange Rate 0.7469 1.2721 1.8323 Unrealized USD 9,787,473.56 - 2,504,886.01 9,787,473.56 - 2,504,886.01 EFTA01554347 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 5 of 74 Exchange Rates Spot Rates as of October 31, 2004 Currency JPY MXN NZD THB TWD Exchange Rate 106.1900 11.5328 0.6841 41.0650 33.4050 EFTA01554348 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 6 of 74 Cash and Short Term Summary by Maturity Current Market Value USD Cash Total 77,602,623.25 77,602,623.25 Estimated Annual Income USD 1,316,916.51 1,316,916.51 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 Cusip/S&P/Moody's Rating Cash JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 7-Day Annualized Yield: 1.69% POUND STERLING Total Cash USD 77,602,622.99 1.00 1.00 77,602,622.99 77,602,622.99 104,017.26 GBP 0.14 1.785714 0.25 77,602,623.24 0.26 77,602,623.25 104,017.26 0.01 1,316,916.51 1.70 Currency/ Unit Cost Adjusted Account Type Quantity Original Market Price Tax Cost Adjusted Original Market Value USD Accrued Interest USD EFTA01554349 Unrealized Gain/Loss USD Estimated Current Annual Yield/ Income USD YTM % Current N/A 0.01 1,316,916.51 1.70 EFTA01554350 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 7 of 74 Equities Independent, third party research selected by an Independent Consultant for cert ain companies covered by JPMorgan Securities, Inc. is available to clients of JPMSI at no cost. Clients can access this research at www.privateclient.jpmorgan.com or can call their JPMorgan representative at thei r toll free number to request that a copy of this research be sent to them. When JPMorgan drops coverage of a company , independent research will continue to be provided for an 18-month period, when available. Refer to Equity Research Ratings section for research ratings on client holdings, if applicable. Note: C indicates Equity covered by JPMSI. Equity Holdings in Alphabetical Order Description Cusip/Symbol Currency/ Account Type Quantity Unit Cost Current Market Price Tax Cost Current Market Value USD USD Accrued Dividends USD Unrealized Gain/Loss USD Annual Dividend Income USD Yield % Estimated C TOO INC 890333-10-7 TOO 765,678 are liened USD Total Equity 765,678 765,678 22.02 16,860,229.56 16,860,229.56 N/A 0.00 N/A 0.0 EFTA01554351 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 8 of 74 Equity Research Ratings Independent, third party research is available for 18 months after JPMorgan Secu rities, Inc. terminates coverage. Clients can access this research at www.privateclient.jpmorgan.com or can call their JPM organ representative at their toll free number to request that a copy of this research be sent to them. Equity Research Ratings for any company where JPMSI has terminated coverage are excluded below. For explanation of JPMSI ratings, se e disclaimer section at end of statement. For third party ratings systems, see specific third party research at www.privateclient.jpmorgan.com. Equity Holdings in Alphabetical Order Description/Ticker TOO INC TOO Ratings JPMSI: NEUTRAL MRNGSTAR: 1 star Providers: BOE SECU = BOE Securities; MRNGSTAR = Morningstar; REN CAP = Renaissa nce Capital EFTA01554352 10 Other Swaps in Alphabetical Order Description WALT DISNEY CO EQUITY SWAP 24,954,900 USD NOTIONAL JAN 19 2005 DEAL REF # 2353480 SWPBDA-FL-1 N/O Client WALT DISNEY CO TOTAL RETURN SWAP 11,920,650 USD NOTIONAL FEB 14 2005 DEAL REF # 2361214 SWPBDA-FV-9 N/O Client INTEREST RATE SWAP 1,000,000,000JPY NOTIONAL SEP 7 2014 REC FLOATING JPY 3 MONTH LIBOR PAY FIXED RATE 1.577% JPY QUARTERLY ACTUAL/360 SWPBDA-JL-7 N/O Client Total Other 736,980.44 - 87,622.00 618,049.71 Trade Date Maturity Date Estimated Value USD 206,552.73 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 9 of 74 EFTA01554353 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 10 of 74 Options Option Holdings in Alphabetical Order Other Description Cusip WTI SHORT CALL OPTION USD PUT OPTION STRIKE 50 EXPIRING 12/15/2004 Underlying Asset Price $51.67 OTCBDC-PV-L WTI SHORT CALL OPTION USD PUT OPTION STRIKE 59.00 EXPIRING 1/14/2005 OTCBDC-PW-D WTI LONG PUT OPTION USD CALL OPTION STRIKE 44 EXPIRING 12/15/2004 Underlying Asset Price = $51.67 OTCBDP-BB-U WTI LONG PUT OPTION USD CALL OPTION STRIKE 44 EXPIRING 12/15/2004 Underlying Asset Price = $51.67 OTCBDP-BB-V USD 250 218,000.00 597.416 545,000.00 149,354.00 - 395,646.00 Currency/ Account Type Quantity Unit Cost Current Market Price/Unit Premium USD Current Market Value USD Unrealized Gain/Loss USD USD - 100 192,000.00 - 3,979.29 - 192,000.00 - 397,929.00 - 205,929.00 USD - 250 65,000.00 - 1,577.476 EFTA01554354 - 162,500.00 - 394,369.00 - 231,869.00 USD 100 180,000.00 597.60 180,000.00 59,760.00 - 120,240.00 EFTA01554355 10 Cusip Other continued WTI SHORT PUT OPTION USD CALL OPTION STRIKE 50.00 EXPIRING 1/14/2005 OTCBDP-BC-F Total Other 950 - 117,000.00 - 1,448,862.00 - 1,331,862.00 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 11 of 74 Option Holdings in Alphabetical Order Description continued Currency/ Account Type Quantity Unit Cost Current Market Price/Unit Premium USD Current Market Value USD Unrealized Gain/Loss USD USD - 250 195,000.00 - 3,462.712 - 487,500.00 - 865,678.00 - 378,178.00 Description Cusip Counter Amount Currency Foreign Exchange EUR PUT USD CALL FX EUROPEAN STYLE OPTION DEC 06, 2004 @ 1.1 XEURPA-OP-Z AUD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .69 KNOCK IN TRIGGERED @ .7250 KNOCK OUT @ .65 XAUDCA-CD-Z EUR CALL CHF PUT FX EUROPEAN STYLE OPTION FEB 09, 2005 @ 1.5395 KNOCK IN TRIGGERED @ 1.5525 KNOCK OUT @ 1.5045 EFTA01554356 XEURCA-XL-Z EUR - 23,000,000 CHF - 35,408,500.00 USD - 169,326.00 - 169,326.00 - 56,679.59 112,646.41 AUD - 5,000,000 USD - 3,450,000.00 USD - 62,445.00 - 62,445.00 - 270,001.60 - 207,556.60 Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EUR 20,000,000 USD 22,000,000.00 USD 96,800.00 96,800.00 0.60 - 96,799.40 EFTA01554357 10 Cusip JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 12 of 74 Foreign Exchange Description EUR PUT USD CALL FX EUROPEAN STYLE OPTION FEB 10, 2005 @ 1.22 KNOCK IN @ 1.195 XEURPA-PD-Z JPY PUT USD CALL FX EUROPEAN STYLE OPTION FEB 09, 2005 @ 115. XJPYPA-KB-Z AUD PUT USD CALL FX EUROPEAN STYLE OPTION APR 01, 2005 @ .715 KNOCK IN TRIGGERED @ .7193 BARRIER EXP 10/7/2004 XAUDPA-DX-Z NZD PUT USD CALL FX EUROPEAN STYLE OPTION MAR 31, 2005 @ .665 KNOCK IN TRIGGERED @ .67 BARRIER EXP 10/7/2004 XNZDPA-EH-Z MXN PUT USD CALL FX EUROPEAN STYLE OPTION JUL 06, 2005 @ 11.4 KNOCK OUT @ 11.15 XMXNPA-BG-Z MXN PUT USD CALL FX EUROPEAN STYLE OPTION JUL 06, 2005 @ 11.45 KNOCK OUT @ 11.185 XMXNPA-BH-Z MXN - 57,250,000 USD - 5,000,000.00 USD - 82,500.00 - 82,500.00 - 231,919.18 - 149,419.18 MXN - 171,000,000 USD - 15,000,000.00 USD - 292,500.00 - 292,500.00 - 758,952.72 - 466,452.72 NZD - 10,000,000 USD - 6,650,000.00 USD - 99,750.00 - 99,750.00 - 182,840.10 - 83,090.10 AUD - 20,000,000 USD - 14,300,000.00 USD - 215,930.00 - 215,930.00 - 249,770.80 - 33,840.80 EFTA01554358 JPY 2,300,000,000 USD 20,000,000.00 USD 190,000.00 190,000.00 56,465.00 - 133,535.00 Counter Amount Currency continued EUR - 22,000,000 USD - 26,840,000.00 USD - 665,632.00 - 665,632.00 - 181,796.12 483,835.88 Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01554359 10 Cusip JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 13 of 74 Foreign Exchange Description EUR PUT USD CALL FX EUROPEAN STYLE OPTION APR 20, 2005 @ 1.255 XEURPA-PO-Z P EUR CALL USD PUT FX EUROPEAN STYLE OPTION NOV 01, 2004 @ 1.3 KNOCK OUT @ 1.1375 KNOCK OUT @ 1.21 BARRIER EXP 12/1/03 XEURCA-TQ-Z AUD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .77 KNOCK IN TRIGGERED @ .755 KNOCK OUT @ .7965 XAUDPA-DH-Z THB CALL USD PUT FX EUROPEAN STYLE OPTION FEB 23, 2005 @ 36. XTHBCA-AC-Z THB CALL USD PUT FX EUROPEAN STYLE OPTION FEB 23, 2005 @ 38. XTHBCA-AB-Z TWD CALL USD PUT FX EUROPEAN STYLE OPTION MAR 01, 2005 @ 32.75 XTWDCA-AB-Z Total Foreign Exchange - 1,230,569.94 - 2,403,593.96 - 1,173,024.02 TWD 327,500,000 USD 10,000,000.00 USD 196,000.00 196,000.00 56,470.83 - 139,529.17 THB 351,500,000 USD 9,250,000.00 USD 108,225.00 108,225.00 1,311.10 - 106,913.90 THB 2,700,000,000 USD 75,000,000.00 USD 405,000.00 405,000.00 54.00 - 404,946.00 AUD - 1,500,000 USD - 1,155,000.00 USD - 23,561.94 EFTA01554360 - 23,561.94 - 39,126.78 - 15,564.84 EUR 0 USD 0.00 USD 0.00 0.00 Counter Amount Currency continued EUR - 20,000,000 USD - 25,100,000.00 USD - 614,950.00 - 614,950.00 - 546,808.60 68,141.40 Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01554361 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 14 of 74 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. 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 deriva tives-related deposit products, have been prepared on a mid-market basis. These valuations are indicative values as of the close of business of the date of this statement and, except as otherwise agreed in writing, these valuations do not represent th e actual terms at which transactions or securities could be bought or sold or ne w transactions could be entered into, or the actual terms on which existing tran sactions or securities could be liquidated as of the date of this statement. We do not warra nt their completeness or accuracy. These valuations are derived from proprietary models based upon well recognized financial principles and we have, when necess ary to calculate the present value of future cash flows, made reasonable estimates abou t relevant future market conditions. Valuations based on other models or differe nt assumptions may yield different results. Morgan expressly disclaims any respo nsibility for (1) the accuracy of the models or estimates used in deriving the valuations, (2) any errors or omissions in computing or disseminating the valuations, and 3) any uses to which the valuations are put. Valuations are provided for informa tion purposes only and are intended solely for your own use. Please refer to the trad e confirmation for details of each transaction. EFTA01554362 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 15 of 74 Outstanding Foreign Exchange Contracts Net Currency Exposure Summary Pound Sterling Japanese Yen Mexican New Peso U S Dollar Value in Currency 10,000,000.00 - 1,953,829,000.00 117,341,000.00 - 9,427,000.00 Gain/Loss Summary Total Unrealized Closed Total Unrealized Open Total Unrealized Gain/Loss Value in USD 68,000.00 36,828.18 104,828.18 Foreign Exchange Contracts Settlement Date Trade Date SPECULATIVE AUSTRALIA DOLLAR - U S DOLLAR Oct. 27 04 Dec. 9 04 AUD Oct. 8 04 Apr. 12 05 AUD Total Open Oct. 19 04 Dec. 9 04 GBP - 10,000,000.00 USD 10,000,000.00 USD 0.00 POUND STERLING - JAPANESE YEN MEXICAN NEW PESO - U S DOLLAR Oct. 13 04 Apr. 14 05 MXN Oct. 18 04 Apr. 14 05 MXN Total Open 10,000,000.00 JPY 58,200,000.00 USD 59,141,000.00 USD 117,341,000.00 N ZEALAND DOLLAR - U S DOLLAR Mar. 11 04 Mar. 15 05 NZD 5,000,000.00 USD 7,421,000.00 - 7,214,000.00 207,000.00 - 1,953,829,000.00 - 5,000,000.00 - 5,000,000.00 - 10,000,000.00 - 3,102,500.00 0.7421 0.7214 EFTA01554363 0.744253 0.73654 7,421,000.00 7,365,404.47 14,786,404.47 195.3829 11.64 11.8282 193.555216 11.877055 11.877055 18,268,509.74 4,900,204.58 4,979,432.97 9,879,637.55 0.6205 0.672952 3,364,762.07 7,442,534.07 7,214,000.00 14,656,534.07 18,441,013.77 5,000,000.00 5,000,000.00 10,000,000.00 3,102,500.00 - 21,534.07 151,404.47 129,870.40 - 172,504.03 - 99,795.42 - 20,567.03 - 120,362.45 262,262.07 Currency Amount Counter Currency Counter Amount Contract Rate Current Market Forward Rate Market Value Receivables USD Market Value Payables USD Unrealized Gain/Loss USD EFTA01554364 10 Trade Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 16 of 74 Foreign Exchange Contracts Settlement Date Currency Mar. 23 04 Mar. 15 05 NZD Total Closed Oct. 25 04 Dec. 9 04 NZD Oct. 8 04 Apr. 12 05 NZD Total Open Total continued Amount Counter Currency - 5,000,000.00 USD 0.00 - 10,000,000.00 USD 10,000,000.00 USD 0.00 0.00 Total Foreign Exchange Contracts Counter Amount 3,170,500.00 68,000.00 6,973,000.00 - 6,675,000.00 298,000.00 366,000.00 Contract Rate 0.6341 0.6973 0.6675 Current Market Forward Rate 0.672952 0.68064 0.670823 Market Value Receivables USD 3,170,500.00 6,535,262.07 6,973,000.00 6,708,228.56 13,681,228.56 20,216,490.63 63,151,042.39 Market Value Payables USD 3,364,762.07 6,467,262.07 6,806,404.30 6,675,000.00 EFTA01554365 13,481,404.30 19,948,666.37 63,046,214.21 Unrealized Gain/Loss USD - 194,262.07 68,000.00 166,595.70 33,228.56 199,824.26 267,824.26 104,828.18 EFTA01554366 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 17 of 74 Trade Activity Realized Gain/Loss Summary Short Term Gain/Loss Long Term Gain/Loss Foreign Exchange Gains/Losses 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 identi fied with N/A. Trade Date Settlement Date Settled Oct 6 Oct 8 Write Option MXN PUT USD CALL Oct 6 Oct 8 Write Option FX EUROPEAN STYLE OPTION JUL 06, 2005 @ 11.4 KNOCK OUT @ 11.15 MXN PUT USD CALL Oct 8 Oct 12 Buy-Back Opt FX EUROPEAN STYLE OPTION JUL 06, 2005 @ 11.45 KNOCK OUT @ 11.185 WTI SHORT CALL OPTION USD PUT OPTION STRIKE 50 EXPIRING 12/15/2004 USD - 171,000,000 1.95 292,500.00 Realized Type Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD Amount USD 999,250.81 0.00 - 56,447.00 USD - 57,250,000 1.65 82,500.00 USD 250 - 1,165,000.00 525,000.00 EFTA01554367 - 640,000.00 S EFTA01554368 10 Trade Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 18 of 74 Settlement Date Realized Type Settled continued Oct 8 Oct 12 Write Option WTI OTC EUROPEAN CALL OPTION DEC 15 2004 @ 55 STRIKE 55 Oct 12 Oct 13 FX Option Assi EXPIRING 12/15/2004 AUD PUT USD CALL Oct 12 Oct 14 Write Option FX EUROPEAN STYLE OPTION OCT 11, 2004 @ .7775 KNOCK IN TRIGGERED @ .7565 KNOCK OUT @ .8020 ZAR PUT USD CALL FX EUROPEAN STYLE OPTION APR 12, 2005 @ 6.7 KNOCK IN @ 6.85 KNOCK OUT @ 6.39 Oct 12 Oct 13 FX Opt Asgn'D Oct 14 Oct 14 Expired Opt Oct 18 Oct 20 Buy-Back Opt SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION BUY AUD SELL USD ZAR CALL USD PUT FX EUROPEAN STYLE OPTION OCT 14, 2004 @ 6.45 WTI OTC EUROPEAN CALL OPTION DEC 15 2004 @ 55 STRIKE 55 Oct 18 Oct 27 Write Option EXPIRING 12/15/2004 WTI SHORT CALL OPTION USD PUT OPTION STRIKE 59.00 EXPIRING 1/14/2005 USD - 250 162,500.00 USD USD USD 4,000,000 41,925,000 250 EFTA01554369 1.286 - 3,110,000.00 0.00 - 607,500.00 3,110,000.00 58,500.00 617,500.00 58,500.00 S 10,000.00 S USD 4,000,000 0.00 106,673.20 106,673.20 S USD - 250 617,500.00 Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD USD - 67,000,000 2.65 265,000.00 EFTA01554370 10 Trade Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 19 of 74 Settlement Date Realized Type Settled continued Oct 18 Oct 20 Write Option WTI SHORT PUT OPTION USD CALL OPTION STRIKE 50.00 EXPIRING 1/14/2005 Oct 18 Oct 20 Write Option ENTRY REVERSED ON 10/27/2004 WTI SHORT PUT OPTION USD CALL OPTION STRIKE 59.00 Oct 18 Oct 27 Write Option TO REVERSE ENTRY OF 10/20/2004 WTI SHORT PUT OPTION USD CALL OPTION STRIKE 59.00 Oct 18 Oct 20 Write Option EUR CALL USD PUT Oct 18 Oct 18 Expired Opt FX EUROPEAN STYLE OPTION NOV 18, 2004 @ 1.25 KNOCK IN @ 1.265 ZAR PUT USD CALL FX EUROPEAN STYLE OPTION APR 12, 2005 @ 6.7 KNOCK IN @ 6.85 KNOCK OUT @ 6.39 Issued in USD Oct 18 Oct 20 Sale 6 MONTH CHF LINKED STRUCTURE 100% PRINCIPAL PROTECTED IN CHF JPMORGAN LONDON 12/6/2004 Oct 20 Oct 22 Buy-Back Opt EUR CALL USD PUT FX EUROPEAN STYLE OPTION NOV 18, 2004 @ 1.25 KNOCK IN @ 1.265 CHF USD - 5,000,000 20,000,000 5,017,906.26 - 413,750.00 - 5,000,000.00 232,500.00 28,198.79 S EFTA01554371 - 181,250.00 S USD - 20,000,000 0.93 232,500.00 USD 250 - 162,500.00 USD - 250 162,500.00 USD - 250 487,500.00 Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD ZAR 67,000,000 0.00 265,000.00 265,000.00 S EFTA01554372 10 Trade Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 20 of 74 Settlement Date Realized Type Settled continued Oct 20 Oct 22 Write Option Oct 25 Oct 25 Expired Opt EUR PUT USD CALL FX EUROPEAN STYLE OPTION APR 20, 2005 @ 1.255 GBP PUT USD CALL FX EUROPEAN STYLE OPTION MAR 07, 2005 @ 1.77 KNOCK IN @ 1.775 KNOCK OUT @ 1.84 Issued in USD Oct 25 Oct 25 Expired Opt GBP PUT USD CALL FX EUROPEAN STYLE OPTION MAR 07, 2005 @ 1.77 KNOCK IN @ 1.775 KNOCK OUT @ 1.84 Issued in USD Trade Date Estimated Settlement Date Pending Nov 1 Expired Opt EUR CALL USD PUT FX EUROPEAN STYLE OPTION NOV 01, 2004 @ 1.3 KNOCK OUT @ 1.1375 KNOCK OUT @ 1.21 BARRIER EXP 12/1/03 Oct 25 Dec 9 Dispose FX Contract BUY USD SELL NZD FORWARD CONTRACT FX RATE .6973000 TRADE 10/25/04 VALUE 12/09/04 USD 6,973,000 0.00 0.00 USD - 10,000,000 0.00 0.00 - 56,447.00 - 56,447.00 S Realized Gain/Loss Type EFTA01554373 Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost USD GBP 7,000,000 0.00 324,618.00 324,618.00 S USD GBP - 20,000,000 7,000,000 2.45 614,950.00 0.00 329,574.00 329,574.00 S Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD EFTA01554374 10 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 21 of 74 Settled Foreign Exchange Contracts Trade Settlement Date Currency SPECULATIVE AUSTRALIA DOLLAR - U S DOLLAR Oct 12 04 Oct 13 04 Apr 16 04 Oct 20 04 Apr 23 04 Oct 20 04 Sep 10 04 Oct 20 04 Sep 30 04 Oct 20 04 Oct 5 04 Oct 6 04 Oct 20 04 Oct 20 04 Oct 19 04 Oct 28 04 Oct 27 04 Oct 28 04 SWISS FRANC Sep 10 04 Oct 20 04 Oct 19 04 Oct 20 04 SWISS FRANC Oct 19 04 Oct 20 04 AUD AUD - 4,000,000.00 USD 2,922,800.00 AUD 10,000,000.00 USD - 7,289,000.00 3,000,000.00 USD - 2,148,600.00 8,947,900.00 AUD - 13,000,000.00 USD AUD 17,500,000.00 USD - 12,622,750.00 AUD - 10,000,000.00 USD AUD - 7,500,000.00 USD AUD - 10,000,000.00 USD - EURO CURRENCY CHF 7,226,000.00 5,430,750.00 7,265,100.00 AUD 10,000,000.00 USD - 7,450,000.00 7,687,000.00 EUR - 5,000,000.00 CHF - 7,695,000.00 EUR - U S DOLLAR CHF EUR 5,000,000.00 0.730700 0.728900 0.716200 0.688300 0.721300 0.722600 0.724100 EFTA01554375 0.726510 0.745000 1.537400 1.539000 0.777500 1.357589 1.357589 1.357589 1.357589 1.357589 1.357589 1.341832 0.745000 1.220350 0.793360 1.230044 0.798880 8,000.00 USD EURO CURRENCY - JAPANESE YEN Sep 23 04 Oct 20 04 Sep 27 04 Oct 20 04 - 6,512.54 5,000,000.00 JPY - 679,650,000.00 EUR - 5,000,000.00 JPY 683,100,000.00 EURO CURRENCY - U S DOLLAR Apr 16 04 Oct 20 04 1.228400 135.930000 136.620000 1.228400 1.260462 108.225000 1.260462 108.225000 EUR 10,000,000.00 USD - 11,971,000.00 1.197100 1.260450 - 11,971,000.00 12,604,499.17 633,499.17 2,922,800.00 - 7,289,000.00 - 2,148,600.00 8,947,900.00 - 12,622,750.00 7,226,000.00 5,430,750.00 7,265,100.00 - 7,450,000.00 6,299,012.57 - 6,255,872.63 - 3,110,000.00 7,365,999.57 2,209,799.87 - 9,575,799.45 12,890,499.26 - 7,365,999.57 - 5,524,499.68 - 7,452,497.77 7,450,000.00 - 6,302,249.58 6,258,750.52 - 187,200.00 EFTA01554376 76,999.57 61,199.87 - 627,899.45 267,749.26 - 139,999.57 - 93,749.68 - 187,397.77 Counter Amount Currency Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD - 3,237.01 2,877.89 - 6,512.54 6,302,249.58 - 6,302,249.58 6,512.54 - 6,279,972.27 6,311,850.31 22,277.31 9,600.73 EFTA01554377 10 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 22 of 74 Settled Foreign Exchange Contracts Trade Settlement Date Currency Apr 23 04 Oct 20 04 May 3 04 Oct 20 04 May 11 04 Oct 20 04 May 17 04 Oct 20 04 Sep 30 04 Oct 20 04 Oct 8 04 Oct 20 04 Oct 20 04 Oct 25 04 Oct 20 04 Oct 25 04 Oct 21 04 Oct 25 04 Oct 21 04 Oct 25 04 Oct 19 04 Oct 27 04 Oct 25 04 Oct 27 04 Oct 26 04 Oct 29 04 Oct 27 04 Oct 29 04 Oct 27 04 Oct 29 04 EUR Counter Amount Currency continued 3,000,000.00 USD - 3,536,700.00 EUR - 10,000,000.00 USD 11,883,000.00 EUR - 1,500,000.00 USD EUR - 1,500,000.00 USD EUR 10,000,000.00 USD - 12,423,000.00 EUR - 10,000,000.00 USD 12,414,000.00 EUR 10,000,000.00 USD - 12,612,950.00 EUR 10,000,000.00 USD - 12,594,950.00 EUR - 10,000,000.00 USD 12,640,000.00 EUR - 10,000,000.00 USD 12,635,000.00 EUR 10,000,000.00 USD - 12,589,750.00 EUR - 10,000,000.00 USD 12,803,000.00 EUR - 20,000,000.00 USD 25,512,000.00 EUR 10,000,000.00 USD - 12,723,000.00 EUR 10,000,000.00 USD - 12,713,000.00 POUND STERLING - JAPANESE YEN Sep 10 04 Oct 20 04 GBP Sep 22 04 Oct 20 04 Sep 23 04 Oct 20 04 Sep 27 04 Oct 20 04 5,000,000.00 JPY - 980,350,000.00 GBP - 5,000,000.00 JPY 986,700,000.00 GBP 15,000,000.00 JPY- 2,978,100,000.00 GBP - 5,000,000.00 JPY 1,003,550,000.00 1,766,100.00 1,796,100.00 1.178900 EFTA01554378 1.188300 1.177400 1.197400 1.242300 1.241400 1.261295 1.259495 1.264000 1.263500 1.258975 1.280300 1.275600 1.272300 1.271300 196.070000 197.340000 198.540000 200.710000 1.260450 1.260450 1.260450 1.260450 1.260450 1.260450 1.261295 1.259495 1.260395 1.260395 1.277050 1.277050 1.271800 1.272300 1.271300 1.813270 108.225000 1.813270 108.225000 1.813270 108.225000 1.813270 108.225000 - 3,536,700.00 3,781,349.75 11,883,000.00 - 12,604,499.17 1,766,100.00 1,796,100.00 - 12,423,000.00 12,414,000.00 - 12,604,499.17 - 12,612,950.00 - 12,594,950.00 12,640,000.00 - 12,603,950.00 12,635,000.00 - 12,603,950.00 - 12,589,750.00 12,803,000.00 - 12,770,495.04 25,512,000.00 - 25,436,000.00 - 12,723,000.00 - 12,713,000.00 9,066,248.89 - 9,066,248.89 - 1,890,674.87 - 1,890,674.87 12,604,499.17 12,612,950.00 EFTA01554379 12,594,950.00 12,770,495.04 36,050.00 31,050.00 180,745.04 32,504.96 76,000.00 12,723,000.00 12,713,000.00 - 9,058,443.05 9,117,117.11 27,198,746.68 - 27,517,671.51 - 9,066,248.89 9,272,811.27 7,805.84 50,868.22 - 318,924.83 206,562.38 244,649.75 - 721,499.17 - 124,574.87 - 94,574.87 181,499.17 - 190,499.17 Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD EFTA01554380 10 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 23 of 74 Settled Foreign Exchange Contracts Trade Settlement Date Currency Oct 19 04 Oct 20 04 Counter Amount Currency continued GBP - 10,000,000.00 JPY 1,966,500,000.00 POUND STERLING - U S DOLLAR Oct 8 04 Oct 8 04 Oct 12 04 Oct 12 04 Apr 16 04 Oct 20 04 Apr 23 04 Oct 20 04 Sep 10 04 Oct 20 04 Sep 21 04 Oct 20 04 Sep 21 04 Oct 20 04 Oct 18 04 Oct 21 04 Oct 19 04 Oct 21 04 GBP 196.650000 1.813250 0.009210 GBP - 5,000,000.00 USD 5,000,000.00 USD - 8,920,000.00 8,957,500.00 GBP 10,000,000.00 USD - 17,725,000.00 GBP GBP - 3,000,000.00 USD GBP - 5,000,000.00 USD GBP - 5,000,000.00 USD 3,000,000.00 USD - 5,232,300.00 5,349,000.00 8,971,000.00 8,976,000.00 GBP - 10,000,000.00 USD 17,986,330.00 GBP 10,000,000.00 USD - 17,977,000.00 HUNGARIAN FORINT - U S DOLLAR Apr 27 04 Oct 20 04 Apr 28 04 Oct 20 04 Sep 10 04 Oct 20 04 JAPANESE YEN Apr 16 04 Oct 20 04 May 25 04 Oct 20 04 Sep 10 04 Oct 20 04 Sep 10 04 Oct 20 04 Sep 22 04 Oct 20 04 Sep 22 04 Oct 20 04 Sep 27 04 Oct 20 04 - U S DOLLAR EFTA01554381 JPY 1,076,700,000.00 USD - 10,000,000.00 JPY - 558,650,000.00 USD JPY- 1,072,250,000.00 USD 5,000,000.00 9,785,088.52 JPY- 1,098,200,000.00 USD 10,000,000.00 JPY - 6,350,000.00 USD JPY 1,103,000,000.00 USD - 10,000,000.00 JPY - 3,450,000.00 USD 57,460.86 31,011.23 107.670000 111.730000 109.580000 109.820000 110.510000 110.300000 111.250000 108.225000 108.225000 108.225000 108.225000 108.225000 108.225000 108.225000 - 10,000,000.00 5,000,000.00 9,785,088.52 9,948,717.94 - 5,161,931.16 - 9,907,599.90 10,000,000.00 - 10,147,378.14 57,460.86 - 10,000,000.00 31,011.23 - 58,674.05 10,191,730.19 - 31,878.03 - 51,282.06 - 161,931.16 - 122,511.38 - 147,378.14 - 1,213.19 191,730.19 - 866.80 HUF 1,059,940,000.00 USD - 4,803,280.91 HUF 634,280,000.00 USD - 2,859,564.49 HUF- 1,694,220,000.00 USD 1.784000 1.791500 1.772500 1.744100 1.783000 1.794200 1.795200 1.798633 1.797700 8,159,017.57 220.670000 221.810000 207.650000 1.784000 1.784000 EFTA01554382 1.813250 1.813250 1.813250 1.813250 1.813250 1.797700 1.797700 195.882549 195.882549 195.882549 - 18,132,497.79 18,126,094.57 - 6,403.22 Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD - 8,920,000.00 8,957,500.00 - 17,725,000.00 - 5,232,300.00 5,349,000.00 8,971,000.00 8,976,000.00 8,920,000.00 - 8,920,000.00 18,132,497.78 5,439,749.33 - 5,439,749.33 - 9,066,248.89 - 9,066,248.89 17,986,330.00 - 17,977,000.00 - 17,977,000.00 - 4,803,280.91 - 2,859,564.49 8,159,017.57 17,977,000.00 5,411,099.69 3,238,062.82 - 8,649,162.52 607,818.78 378,498.33 - 490,144.95 37,500.00 407,497.78 207,449.33 - 90,749.33 - 95,248.89 - 90,248.89 9,330.00 EFTA01554383 10 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 24 of 74 Settled Foreign Exchange Contracts Trade Settlement Date Currency Sep 27 04 Oct 20 04 Oct 5 04 Oct 20 04 Oct 19 04 Oct 20 04 Counter Amount Currency continued JPY - 10,850,000.00 USD 97,528.08 JPY 549,400,000.00 USD - 4,952,672.85 JPY 18,900,000.00 USD MEXICAN NEW PESO - U S DOLLAR Oct 15 04 Oct 19 04 Oct 18 04 Oct 19 04 Sep 24 04 Oct 20 04 Oct 5 04 Oct 20 04 MXN 57,350,000.00 USD - 5,000,000.00 MXN - 57,350,000.00 USD MXN 57,307,500.00 USD - 5,000,000.00 MXN - 57,307,500.00 USD N ZEALAND DOLLAR - U S DOLLAR Apr 16 04 Oct 20 04 May 27 04 Oct 20 04 May 27 04 Oct 20 04 Sep 10 04 Oct 20 04 Sep 30 04 Oct 20 04 NZD NZD Oct 6 04 Oct 8 04 Oct 20 04 Oct 20 04 Oct 19 04 Oct 21 04 Oct 19 04 Oct 21 04 NZD 10,000,000.00 USD - 6,276,000.00 5,000,000.00 USD - 3,127,000.00 5,000,000.00 USD - 3,127,000.00 NZD - 20,000,000.00 USD 12,986,000.00 NZD 17,500,000.00 USD - 11,798,500.00 NZD - 10,000,000.00 USD NZD - 7,500,000.00 USD NZD 10,000,000.00 USD - 6,850,000.00 NZD - 10,000,000.00 USD S AFRICAN RAND - U S DOLLAR Sep 29 04 Oct 20 04 Oct 18 04 Oct 20 04 TRADE RELATED EFTA01554384 SWISS FRANC Oct 15 04 Oct 20 04 - U S DOLLAR CHF - 5,017,906.26 USD 4,029,799.43 1.245200 1.230044 4,029,799.43 - 4,079,451.91 - 49,652.48 ZAR 12,924,600.00 USD - 2,000,000.00 ZAR - 12,924,600.00 USD - 174,370.33 111.250000 110.930000 108.390000 5,006,516.76 5,051,611.36 11.470000 11.455070 11.461500 11.344400 6,749,000.00 5,095,500.00 6,870,000.00 0.627600 0.625400 0.625400 0.649300 0.674200 0.674900 0.679400 0.685000 0.687000 2,032,169.81 6.462300 6.360000 108.225000 108.225000 108.390000 11.470000 11.470000 11.452000 11.452000 1.443627 1.443627 1.443627 1.443627 1.443627 1.443627 1.443627 0.685000 0.685000 6.311750 6.311750 97,528.08 - 4,952,672.85 - 174,370.33 - 5,000,000.00 5,006,516.76 - 5,000,000.00 5,051,611.36 - 6,276,000.00 EFTA01554385 - 3,127,000.00 - 3,127,000.00 - 100,254.10 5,076,461.07 174,370.33 5,000,000.00 - 5,000,000.00 5,004,147.74 - 5,004,147.74 6,926,999.46 3,463,499.73 3,463,499.73 12,986,000.00 - 13,853,998.93 - 11,798,500.00 6,749,000.00 5,095,500.00 - 6,850,000.00 6,870,000.00 - 2,000,000.00 2,032,169.81 12,122,249.07 - 6,926,999.46 - 5,195,249.60 6,850,000.00 - 6,850,000.00 2,047,704.67 - 2,047,704.67 - 2,726.02 123,788.22 Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD 6,516.76 4,147.74 47,463.62 650,999.46 336,499.73 336,499.73 - 867,998.93 323,749.07 - 177,999.46 - 99,749.60 20,000.00 47,704.67 - 15,534.86 EFTA01554386 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 25 of 74 Account Transactions by Currency Australia Dollar Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Miscellaneous Disbursements Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Australia Dollar Activity by Date Settlement Date Oct 13 Type Spot FX Quantity Description 2,922,800 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL AUD SPOT RATE : 0.730700000 TRADE 10/12/04 VALUE 10/13/04 U S DOLLAR AUSTRALIA DOLLAR Oct 13 FX Opt Asgn'D - 3,110,000 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION BUY AUD SELL USD TRADE 10/12/04 VALUE 10/13/04 4,000,000.00 2,929,399.64 - 276,000.00 - 44,500,000.00 .00 2,497.77 - 404,000,000.00 44,500,000.00 10,000,000.00 394,276,000.00 .00 Amount to Date Realized Amount Gain/Loss USD - 4,000,000.00 - 2,922,800.00 Amount USD EFTA01554387 EFTA01554388 10 Date Oct 20 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 26 of 74 Australia Dollar Activity by Date Settlement continued Realized Type Fwd FX Ctrct Quantity Description - 7,289,000 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.728900000 TRADE 4/16/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 2,148,600 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.716200000 TRADE 4/23/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 8,947,900 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.688300000 TRADE 9/10/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 12,622,750 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.721300000 TRADE 9/30/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 7,226,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.722600000 TRADE 10/05/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 5,430,750 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.724100000 TRADE 10/06/04 VALUE 10/20/04 Oct 28 Fwd FX Ctrct 7,265,100 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD EFTA01554389 CONTRACT RATE : 0.726510000 TRADE 10/19/04 VALUE 10/28/04 2,497.77 Gain/Loss USD 10,000,000.00 7,365,999.57 Amount Amount USD 3,000,000.00 2,209,799.87 - 13,000,000.00 - 9,575,799.45 17,500,000.00 12,890,499.26 - 10,000,000.00 - 7,365,999.57 - 7,500,000.00 - 5,524,499.68 - 10,000,000.00 - 7,452,497.77 EFTA01554390 10 Date Oct 28 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 27 of 74 Australia Dollar Activity by Date Settlement continued Realized Type Spot FX Quantity Description - 7,450,000 SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.745000000 TRADE 10/27/04 VALUE 10/28/04 AUSTRALIA DOLLAR U S DOLLAR Gain/Loss USD 10,000,000.00 7,450,000.00 Amount Amount USD EFTA01554391 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 28 of 74 Account Transactions by Currency Euro Currency Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Purchases of Securities Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Euro Currency Activity by Date Settlement Date Oct 4 Type Spot FX Quantity Description 12,428,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.242800000 TRADE 9/30/04 VALUE 10/04/04 U S DOLLAR EURO PRINCIPAL CURRENCY - 103,000,000.00 .00 43,499.05 - 30,000,000.00 - 518,599,332.92 103,000,000.00 29,941,124.64 518,658,208.28 -00 Amount to Date Realized Amount Gain/Loss USD - 10,000,000.00 - 12,428,000.00 Amount USD EFTA01554392 10 Date Oct 4 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 29 of 74 Euro Currency Activity by Date Settlement continued Realized Type Spot FX Quantity Description - 12,418,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.241800000 TRADE 9/30/04 VALUE 10/04/04 EURO PRINCIPAL CURRENCY U S DOLLAR Oct 4 Spot FX - 12,402,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.240200000 TRADE 9/30/04 VALUE 10/04/04 EURO PRINCIPAL CURRENCY U S DOLLAR Oct 4 Spot FX 12,423,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.242300000 TRADE 9/30/04 VALUE 10/04/04 U S DOLLAR EURO PRINCIPAL CURRENCY Oct 20 Fwd FX Ctrct - 11,971,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.197100000 TRADE 4/16/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 3,536,700 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.178900000 TRADE 4/23/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 11,883,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.188300000 EFTA01554393 TRADE 5/03/04 VALUE 10/20/04 13,181.54 10,000,000.00 12,604,499.17 Gain/Loss USD 10,000,000.00 12,418,000.00 Amount Amount USD 10,000,000.00 12,402,000.00 - 10,000,000.00 - 12,423,000.00 3,000,000.00 3,781,349.75 - 10,000,000.00 - 12,604,499.17 EFTA01554394 10 Date Oct 20 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 30 of 74 Euro Currency Activity by Date Settlement continued Realized Type Fwd FX Ctrct Quantity Description 1,766,100 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.177400000 TRADE 5/11/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 1,796,100 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.197400000 TRADE 5/17/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 7,687,000 SETTLE FORWARD CURRENCY CONTRACT BUY CHF SELL EUR CONTRACT RATE : 1.537400000 TRADE 9/10/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 679,650,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL JPY CONTRACT RATE : 135.930000000 TRADE 9/23/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 683,100,000 SETTLE FORWARD CURRENCY CONTRACT BUY JPY SELL EUR CONTRACT RATE : 136.620000000 TRADE 9/27/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 12,423,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.242300000 TRADE 9/30/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 12,414,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR EFTA01554395 CONTRACT RATE : 1.241400000 TRADE 10/08/04 VALUE 10/20/04 13,181.54 6,590.76 Gain/Loss USD 1,977.22 - 1,500,000.00 - 1,890,674.87 Amount Amount USD 1,977.23 - 1,500,000.00 - 1,890,674.87 6,590.76 - 5,000,000.00 - 6,302,249.58 5,000,000.00 6,302,249.58 - 5,000,000.00 - 6,302,249.58 10,000,000.00 12,604,499.17 - 10,000,000.00 - 12,604,499.17 EFTA01554396 10 Date Oct 20 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 31 of 74 Euro Currency Activity by Date Settlement continued Realized Type Spot FX Quantity Description - 7,695,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL CHF SPOT RATE : 0.798881500 TRADE 10/19/04 VALUE 10/20/04 EURO PRINCIPAL CURRENCY SWISS FRANC Oct 25 Spot FX 12,640,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.264000000 TRADE 10/21/04 VALUE 10/25/04 U S DOLLAR EURO PRINCIPAL CURRENCY Oct 25 Spot FX 12,635,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.263500000 TRADE 10/21/04 VALUE 10/25/04 U S DOLLAR EURO PRINCIPAL CURRENCY Oct 25 Spot FX - 12,612,950 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.261295000 TRADE 10/20/04 VALUE 10/25/04 EURO PRINCIPAL CURRENCY U S DOLLAR Oct 25 Spot FX - 12,594,950 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.259495000 TRADE 10/20/04 VALUE 10/25/04 EURO PRINCIPAL CURRENCY U S DOLLAR 10,000,000.00 12,612,950.00 EFTA01554397 - 10,000,000.00 - 12,635,000.00 Gain/Loss USD 5,000,000.00 6,258,750.52 Amount Amount USD - 10,000,000.00 - 12,640,000.00 10,000,000.00 12,594,950.00 EFTA01554398 10 Date Oct 27 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 32 of 74 Euro Currency Activity by Date Settlement continued Realized Type Fwd FX Ctrct Quantity Description - 12,589,750 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.258975000 TRADE 10/19/04 VALUE 10/27/04 Oct 27 Spot FX 12,803,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.280300000 TRADE 10/25/04 VALUE 10/27/04 U S DOLLAR EURO PRINCIPAL CURRENCY Oct 29 Spot FX 25,512,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.275600000 TRADE 10/26/04 VALUE 10/29/04 U S DOLLAR EURO PRINCIPAL CURRENCY Oct 29 Spot FX - 12,723,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.272300000 TRADE 10/27/04 VALUE 10/29/04 EURO PRINCIPAL CURRENCY U S DOLLAR Oct 29 Spot FX - 12,713,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.271300000 TRADE 10/27/04 VALUE 10/29/04 EURO PRINCIPAL CURRENCY U S DOLLAR 10,000,000.00 12,723,000.00 - 20,000,000.00 - 25,512,000.00 EFTA01554399 Gain/Loss USD 10,000,000.00 12,770,495.04 Amount Amount USD - 10,000,000.00 - 12,803,000.00 10,000,000.00 12,713,000.00 EFTA01554400 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 33 of 74 Account Transactions by Currency Hungarian Forint Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Purchases of Securities Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Hungarian Forint Activity by Date Settlement Date Oct 20 Type Fwd FX Ctrct Quantity Description - 4,803,280.91 SETTLE FORWARD CURRENCY CONTRACT BUY HUF SELL USD CONTRACT RATE : 220.670000000 TRADE 4/27/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 2,859,564.49 SETTLE FORWARD CURRENCY CONTRACT BUY HUF SELL USD CONTRACT RATE : 221.810000000 TRADE 4/28/04 VALUE 10/20/04 - 1,694,220,000.0 .00 .01 - 2,120,000,000.0 - 18,602,510,000. 1,694,220,000.00 3,203,000,000.00 17,519,510,000.00 .00 Amount to Date Realized Amount Gain/Loss USD 1,059,940,000.00 5,411,099.69 Amount USD 634,280,000.00 3,238,062.82 EFTA01554401 10 Date Oct 20 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 34 of 74 Hungarian Forint Activity by Date Settlement continued Realized Type Fwd FX Ctrct Quantity Description 8,159,017.57 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL HUF CONTRACT RATE : 207.650000000 TRADE 9/10/04 VALUE 10/20/04 Gain/Loss USD 0.01 -1,694,220,000.00 - 8,649,162.52 Amount Amount USD EFTA01554402 10 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 35 of 74 Account Transactions by Currency Japanese Yen Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Japanese Yen Activity by Date Settlement Date Oct 20 Type Fwd FX Ctrct Quantity Description - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY JPY SELL USD CONTRACT RATE : 107.670000000 TRADE 4/16/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 111.730000000 TRADE 5/25/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 9,785,08