EFTA01507102.pdf

05 2004 JPMorgan Chase Bank 345 Park Avenue. New York, NY 10154-1002 II3JPMorgan Private Bank Account Number: Asset Account Portfolio Page 45 of 78 FINANCIAL TRUST COMPANY INC May 01, 2004 - May 31, 2004 N Zealand Dollar Activity by Date continued Settlement Realized amount amount USD Date type Quantity Description GaintLoss USD May 11 Fwd FX Ctrct - 3,107,000 SETTLE FORWARD CURRENCY CONTRACT 5,000,000.00 3,010,506.66 BUY NZD SELL USD CONTRACT RATE : 0.621400000 TRADE 4/29104 VALUE 5/11/04 May 12 Redemption - 10,000,000 3 MONTH NZD BULLISH FX DEPOSIT - 584,007.89 10,000,000.00 6,190,992.11 100% PRINCIPAL PROTECTED IN NZO JPMORGAN CHASE LONDON 5/10/2004 TO REDEMPTION May 12 Purchase 10,000,000 3 MONTH NZD BULLISH FX DEPOSIT - 10,000,000.00 - 6,190,992.11 100% PRINCIPAL PROTECTED IN NZD JPMORGAN CHASE LONDON MATURITY DATE 8/10/2004 May 13 Fwd FX Ctrct 6,320,000 SETTLE FORWARD CURRENCY CONTRACT - 44,505.07 - 10,000,000.00 - 6,014,494.93 BUY USD SELL NZD CONTRACT RATE : 0.632000000 TRADE 5/04104 VALUE 5/13/04 May 13 Spot FX - 3,029,500 SPOT CURRENCY TRANSACTION - BUY 5,000,000.00 3,029,500.00 BUY NZD SELL USD SPOT RATE : 0.605900000 TRADE 5/11/04 VALUE 5/13/04 N ZEALAND DOLLAR U S DOLLAR May 13 Spot FX - 3,029,500 SPOT CURRENCY TRANSACTION - BUY 5,000,000.00 3,029,500.00 BUY NW SELL USD SPOT RATE : 0.605900000 TRADE 5/11/04 VALUE 5/13/04 N ZEALAND DOLLAR U S DOLLAR Confidential Treatment Requested by JPMorgan JPM-SDNY-00032096 Chase CONFIDENTIAL SDNY_GM_00301294 EFTA01507102