EFTA01557469.pdf

01 JPMorgan Chase Bank 2002 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Confidential Page 1 of 16 Asset Account Portfolio January 1 - January 31, 2002 Table of Contents Portfolio Summary Cash and Short Term Private Investments Trade Activity Account Transactions Account Officers Service Specialist: RILEY/ANTOSY Page 2 3 5 7 9 000000.0000.00.0000.000.000000000.000000 FINANCIAL TRUST COMPANY, INC. C/O AMERICAN YACHT HARBOR 6100 RED HOOK, QUARTERS #2 ST THOMAS 00802 US VIRGIN ISLDS EFTA01557469 01 JPMorgan Chase Bank 2002 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio January 01, 2002 - January 31, 2002 Page 2 of 16 Overview Portfolio Summary Market Value USD Jan 31 Cash & Short Term Other Options Total Accrued Income Total Portfolio Value Private Investments * Asset Allocation 91% Cash and Short Term 9% Private Investments* 8,772,648.53 0.00 0.00 8,772,648.53 12,538.69 8,785,187.22 900,297.00 Income Summary Dividends Total Net Gain/Loss Summary Net Short Term Gain/Loss Total Market Value USD Dec 31 6,955,168.76 2,461,624.56 - 340,160.00 9,076,633.32 9,863.37 9,086,496.69 927,678.00 This Period USD 9,863.37 9,863.37 Year to Date USD* 9,863.37 9,863.37 Tax Cost USD 8,772,648.53 8,772,648.53 Estimated Annual Income USD 148,783.48 148,783.48 Yield 1.7 EFTA01557470 0.0 N/A N/A 1.7 Realized This Period USD Realized Year to Date USD** 109,807.70 109,807.70 **Year to date information is calculated on a calendar year basis. Unrealized USD 109,807.70 109,807.70 Market value of Options is not included in pie chart. *Value is an estimated figure given the illiquid nature of Private Investments (see Private Investment information at end of section summary). EFTA01557471 01 JPMorgan Chase Bank 2002 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio January 01, 2002 - January 31, 2002 Page 3 of 16 Cash and Short Term Summary by Maturity Current Market Value USD Cash Less Than 3 Months Total 6,531,690.97 2,240,957.56 8,772,648.53 Estimated Annual Income USD 106,205.29 42,578.19 148,783.48 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 Unit Cost Adjusted Cusip/S&P/Moody's Rating Currency Quantity Original Market Price Tax Cost Adjusted Original Current Market Value USD Accrued Interest USD Unrealized Gain/Loss USD Estimated Current Annual Yield/ Income USD YTM Cash JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST 7-Day Annualized Yield: 1.64% Short Term by Maturity J P MORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARES CLASS (FUND 829) 7-Da Annualized Yield: 1.88% USD 2,240,957.56 1.00 1.00 EFTA01557472 2,240,957.56 2,240,957.56 3,737.80 42,578.19 1.90 USD 6,531,690.97 1.00 1.00 6,531,690.97 6,531,690.97 8,800.89 106,205.29 1.63 EFTA01557473 01 JPMorgan Chase Bank 2002 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio January 01, 2002 - January 31, 2002 Page 4 of 16 Cash and Short Term by Type Description Cusip/S&P/Moody's Rating Total Cash and Short Term continued Unit Cost Adjusted Currency Quantity Original Market Price Tax Cost Adjusted Original Current Market Value USD Accrued Interest USD Unrealized Gain/Loss USD Estimated Current Annual Yield/ Income USD YTM % 8,772,648.53 8,772,648.53 12,538.69 0.00 148,783.48 1.70 EFTA01557474 01 JPMorgan Chase Bank 2002 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio January 01, 2002 - January 31, 2002 Page 5 of 16 Private Private Investments Summary Investments * LPs, LLCs, and Other Total Estimated Current Value USD 900,297.00 900,297.00 Private Investment Holdings in Alphabetical Order Units/ Commitment USD Description LPs,LLCs, and Other NESTOR 2000 SPECIAL LLC (COMMITMENT EXPRESSED IN EUROS) * The 'Capital Called Since Inception USD' and 'Cash/Security Distributions Sinc e Inception USD' columns are updated monthly to reflect any interim capital call s and distributions. The 'Estimated Value USD' column reflects information recei ved by JPMCB from the general partner or manager which, in most cases, is quarterly, plus any interim capital calls and less any distributions made to date since the last va luation received from such source by JPMCB. Generally, distributions of securities in kind are valued at the fair market val ue of the securities on the date of the distribution * See: Important Information About Private Investment Valuations Important Information About Private Investment Valuations Direct equity investments and limited partnership and limited liability company units are generally illiquid securities, and prices are not guaranteed for accur acy or as realizable values. Direct equity investments are valued at cost, unless there is an active secondar y trading market in the securities, in which case, direct equity investments are valued using market prices as of the close of the last business day for this statement period. Limited partnership and limited liability company units a re valued at cost only if "valued at cost" is stated within the security descrip tion. Otherwise, all such units are valued according to the general partner's or manager's stated methodology. These methodologies generally include an appraisal of the un derlying assets at the lower of cost or a written-down amount, at a value at whi ch third party financing has occurred, at a market price if an active secondary market develops, or at a value endorsed by an independent party. Please refer to the li mited partnership or limited liability company documentation for each security f or the specific valuation methodology used by the general partner or manager for that security. JPMCB expressly disclaims any responsibility for (1) the accuracy of the informa tion and the methodology used by the issuer, general partner or manager used in deriving the valuations, (2) any errors or omissions in compiling or disseminati ng the valuations, and (3) any use to which the valuations are put. Valuations are prov ided for information purposes only and are intended solely for your own use. This statement does not provide tax reporting on the limited partnership and lim ited liability units. Please continue to rely upon the general partner or genera EFTA01557475 1 manager of the entity for this information. USD 3,000,000.00 1,109,854.04 0.00 900,297.00 Currency Net of Origination Fee Capital Called Since Inception USD Cash/Security Distributions Since Inception USD Estimated Value USD EFTA01557476 01 JPMorgan Chase Bank 2002 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio January 01, 2002 - January 31, 2002 Page 6 of 16 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. EFTA01557477 01 JPMorgan Chase Bank 2002 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio January 01, 2002 - January 31, 2002 Page 7 of 16 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 identi fied with N/A. Trade Activity by Type Settlement Date Trade Date Settled Dec 31 Jan 2 Purchase Jan 3 Jan 8 Write Option J P MORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARES CLASS (FUND 829) BEAR STEARNS OTC EUROPEAN CALL OPTION JAN 18 2002 @ 55 MGT NEW YORK REF @ 8067178 Jan 18 Jan 24 Buy-Back Opt BEAR STERNS OTC EUROPEAN CALL OPTION JAN 18 2002 @ 55 MGT NEW YORK REF @ 2129445 USD 4,530 - 18,120.00 19,116.60 996.60 S USD USD 4,075.02 - 220,000 1.00 - 4,075.02 979,000.00 Type Amount USD 109,807.70 0.00 Realized Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD EFTA01557478 01 Trade Date JPMorgan Chase Bank 2002 Account Number: U FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio January 01, 2002 - January 31, 2002 Page 8 of 16 Trade Activity by Type Settlement Date Type Settled continued Jan 18 Jan 24 Buy-Back Opt BEAR STEARNS COMPANY OTC EUROPEAN CALL OPTION JAN 18 2002 @ 55.00 MGT NEW YORK REF @ 8062185 Jan 18 Jan 24 Buy-Back Opt BEAR STEARNS OTC EUROPEAN CALL OPTION JAN 18 2002 @ 55 MGT NEW YORK REF it 8067178 Trade Date Settlement Date Counter Currency Settled Foreign Exchange Contracts TRADE RELATED EURO CURRENCY - U S DOLLAR Jan 17 02 Jan 22 02 EUR 3,962.99 USD - 3,508.04 1.129688 1.129688 - 3,508.04 3,508.04 Amount Currency Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD USD 75,470 - 301,880.00 311,691.10 9,811.10 S continued Realized Description Currency EFTA01557479 Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD USD 220,000 - 880,000.00 979,000.00 99,000.00 S EFTA01557480 01 JPMorgan Chase Bank 2002 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio January 01, 2002 - January 31, 2002 Page 9 of 16 Account Transactions by Currency Euro Currency Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Miscellaneous Disbursements Ending Balance Euro Currency Activity by Date Settlement Date Type Jan 22 Misc. Disbursement Jan 22 Spot FX - 3,508.04 Quantity Description REPRESENTS NESTOR CAPITAL CALL EURO PRINCIPAL CURRENCY SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 0.885200000 TRADE 1/17/02 VALUE 1/22/02 EURO PRINCIPAL CURRENCY U S DOLLAR .00 3,962.99 - 3,962.99 .00 3,962.99 - 3,962.99 Amount to Date Realized Amount Gain/Loss USD - 3,962.99 3,962.99 - 3,508.04 3,508.04 Amount USD EFTA01557481 01 JPMorgan Chase Bank 2002 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio January 01, 2002 - January 31, 2002 Page 10 of 16 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 Debits Sweep Account Purchases Purchases of Securities Miscellaneous Disbursements Foreign Exchange Ending Balance - 3,370,912.79 - 1,204,075.02 - 2,608,422.23 - 3,508.04 .00 *Year to date information is calculated on a calendar year basis. - 3,370,912.79 - 1,204,075.02 - 2,608,422.23 - 3,508.04 9,863.37 1,557,508.04 979,000.00 4,640,546.67 9,863.37 1,557,508.04 979,000.00 4,640,546.67 .00 Amount Year to Date USD* U S Dollar Activity by Date Type Settlement Date Jan 2 Jan 2 Dividend Dividend Quantity Description JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST J P MORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARES CLASS (FUND 829) Amount USD 5,788.35 EFTA01557482 4,075.02 EFTA01557483 01 Settlement Date Jan 2 JPMorgan Chase Bank 2002 Account Number: • FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio January 01, 2002 - January 31, 2002 Page 11 of 16 U S Dollar Activity by Date Type continued Quantity Description Purchase 4,075.02 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 12/31/01 Jan 2 Jan 7 Purchase Free Delivery 5,788.35 - 1 JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST ATT CORP TOTAL RETURN SWAP QUARTERLY LIBOR RESET 12/17/02 MGT NY UNWIND OF SWAP MORGAN GUARANTY TRUST CO N Y TRADE DATE 01/02/02 Jan 7 Jan 7 Jan 8 Misc. Receipt Purchase Write Option FUNDS FROM UNWIND OF AT&T SWAP 881,848 JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST - 220,000 BEAR STEARNS OTC EUROPEAN CALL OPTION JAN 18 2002 @ 55 MGT NEW YORK REF it 8067178 WRITTEN OTC CALL TRADE DATE 01/03/02 Jan 8 Purchase 979,000 JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST EFTA01557484 - 979,000.00 881,848.00 - 881,848.00 979,000.00 - 5,788.35 Amount USD - 4,075.02 EFTA01557485 01 Settlement Date Jan 9 Jan 9 Jan 9 Jan 9 Jan 9 Jan 9 Jan 9 Jan 9 Jan 9 JPMorgan Chase Bank 2002 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio January 01, 2002 - January 31, 2002 Page 12 of 16 U S Dollar Activity by Date Type continued Quantity Description Misc. Disbursement Misc. Receipt Misc. Receipt Misc. Receipt Misc. Receipt Misc. Receipt Misc. Receipt Purchase Misc. Disbursement 461,577.77 BEAR STEARNS SETTLEMENT FED FUNDS REC'D THRU FRB FROM BANK OF NEW YORK REF: INSTITUTIONAL INTERESTS FED FUNDS REC'D THRU FRB FROM BANK OF NEW YORK REF: HEALTH SCIENCE INTERESTS II FED FUNDS REC'D THRU FRB FROM MELLON BANK NA REF: HERITAGE INTERESTS FED FUNDS REC'D THRU FRB FROM MELLON BANK NA REF; INTERNATIONAL CHARITABLE INTS FED FUNDS REC'D THRU FRB FROM MELLON BANK NA REF; COMMUNITY INTEREST FED FUNDS REC'D THRU FRB FROM MELLON BANK NA REF: INTERNATIONAL CHARITABLE JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST TRANSFERRED BY WIRE TO CHASE MANHATTAN BANK, N.A. FAO AP SHL INVESTORS, LLC LETTER FROM CLIENT - 461,577.77 - 1,000,000.00 120,000.00 EFTA01557486 425,000.00 152,000.00 150,000.00 90,000.00 Amount USD - 108,422.23 633,000.00 EFTA01557487 01 Settlement Date JPMorgan Chase Bank 2002 Account Number: U FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio January 01, 2002 - January 31, 2002 Page 13 of 16 U S Dollar Activity by Date Type continued Quantity Description Jan 14 Misc. Receipt Jan 14 Purchase Jan 15 Misc. Receipt Jan 16 Sale Jan 17 Sale Jan 17 Misc. Disbursement - 54,000 - 1,500,000 54,000 ENTRY REVERSED ON 01/15/2002 BEAR STEARNS SETTLEMENT JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST TO REVERSE ENTRY OF 01/14/2002 BEAR STEARNS SETTLEMENT AS OF 01/14/02 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 TRANSFERRED BY WIRE TO PALM BEACH NATL BK & TR CO FAO JEFFREY E. EPSTEIN LETTER FROM CLIENT Jan 22 Spot FX 3,962.99 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 0.885200000 TRADE 1/17/02 VALUE 1/22/02 EURO PRINCIPAL CURRENCY U S DOLLAR Jan 22 Sale - 3,508.04 JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST Amount USD 54,000.00 - 54,000.00 - 54,000.00 54,000.00 1,500,000.00 - 1,500,000.00 - 3,508.04 EFTA01557488 3,508.04 EFTA01557489 01 Settlement Date JPMorgan Chase Bank 2002 Account Number: U FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio January 01, 2002 - January 31, 2002 Page 14 of 16 U S Dollar Activity by Date Type continued Quantity Description Jan 24 Free Delivery - 1 BEAR STEARNS CORP TOTAL RETURN SWAP QUARTERLY LIBOR RESET 10/4/03 MGT NY UNWIND OF TRADE MORGAN GUARANTY TRUST CO N Y TRADE DATE 01/18/02 Jan 24 Misc. Receipt Jan 24 Buy-Back Opt FUNDS FROM UNWIND OF BEAR STEARNS SWAP 4,530 BEAR STERNS OTC EUROPEAN CALL OPTION JAN 18 2002 @ 55 MGT NEW YORK REF @ 2129445 BUY BACK OTC CALL TRADE DATE 01/18/02 Jan 24 Buy-Back Opt 75,470 BEAR STEARNS COMPANY OTC EUROPEAN CALL OPTION JAN 18 2002 @ 55.00 MGT NEW YORK REF it 8062185 BUY BACK OTC CALL TRADE DATE 01/18/02 Jan 24 Buy-Back Opt 220,000 BEAR STEARNS OTC EUROPEAN CALL OPTION JAN 18 2002 @ 55 MGT NEW YORK REF @ 8067178 BUY BACK OTC CALL TRADE DATE 01/18/02 Jan 24 Purchase Jan 31 Misc. Receipt 943,698.67 JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST BEAR STEARNS SETTLEMENT - 943,698.67 45,000.00 - 880,000.00 - 301,880.00 2,143,698.67 - 18,120.00 Amount USD EFTA01557490 EFTA01557491 01 Settlement Date JPMorgan Chase Bank 2002 Account Number: U FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio January 01, 2002 - January 31, 2002 Page 15 of 16 U S Dollar Activity by Date Type continued Quantity Description Jan 31 Purchase 45,000 JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST Amount USD - 45,000.00 EFTA01557492 01 JPMorgan Chase Bank 2002 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio January 01, 2002 - January 31, 2002 Page 16 of 16 JPMorgan Private Bank is the marketing name for the private banking business con ducted by J.P.Morgan Chase & Co. through its subsidiaries worldwide, including J PMorgan Chase Bank, J.P. Morgan Trust Company, N.A. and J.P. Morgan Securities I nc. In Case of Errors or Questions About Your Electronic Transfers. Contact your client service specialist or write us at 500 Stanton Christiana Roa d, 1/OPS, Newark, DE 19713-2107 as soon as you can, if you think your statement is wrong or if you need more information about a transfer on the statement. We must hear from you no later than 60 days after we sent you the FIRST statemen t on which the error or problem appeared. (1) Tell us your name and account numb er. (2) Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is in error or why you need mor e information. (3) tell us the dollar amount of the suspected error.If you conta ct us orally, you must send us your complaint or question in writing within 10 business days in order to preserve your rights. We will investigate yo ur complaint and will correct any error promptly. If we take more than 10 busine ss days to do this (20 days for purchases using your debit card or for international transactions), we will credit your account for the amount you thin k is in error, so that you will have the use of money during the time it takes u s to complete our investigation. In case of errors or questions about your statement, including your line of cred it. If you think that your statement is incorrect or if you need more information ab out a transaction on your statement including a line of credit transaction, you must write to us on a separate sheet describing the error and send it to: JPMorg an, Private Bank, 500 Stanton Christiana Road, 1/OPS3, Newark, DE 19713-2107. We mus t hear from you no later than 60 days after the statement on which the error or problem appeared is sent. You can contact your client service specialist but doing so will not preserve your rights. In your letter, please provide the following information: (1) your name and acco unt number; (2) the dollar amount of the suspected error; and (3) a description of the error and explanation, if you can, why you believe there is an error. If you need more information, you must describe the item you are unsure about. The JPMorgan Funds or The JPMorgan Institutional Funds or The American Century F unds J.P.Morgan Funds Distributor, Inc. is the distributor of the J.P.Morgan Funds an d American Century Investment Services Inc. is the distributor of the American C entury Funds. JPMorgan Investment Management Inc. and American Century Investmen t Management serve as investment advisors to their respectivefund families. Shares of the funds are no t bank deposits and are not guaranteedby any bank, government entity, or the FDI C. Return and share price will fluctuate and redemption value may be more or les s than original cost. While the moneymarketfunds seekto maintain a stable net asset valueof$1.00 pershare, there is no assurancethat they will continue to do so. The estimatedannualincome and dividendyieldfigures for mutual funds representthe funds' most recentincome divi dendannualized. If you have chosen one of the sweep mutual funds, you are notified that position s in the Prime Money Market Sweep Fund represent holdings in the JPMorgan Prime Money Market Fund; positions in the Federal Money Market Sweep Fund represent holdings in the JPMorgan Federal Money Market Fund; and positions in t he Tax Exempt Money Market Sweep Fund represent holdings in the JPMorgan Tax Exe EFTA01557493 mpt Money Market Fund. EFTA01557494