EFTA01505035.pdf

06 12002 JPMorgan 345 Park Chase Bank Avenue, New York. NY 10154-1002 JPMorgan Private Bank Account Number Asset Account Portfolio Page 12 of 44 FINANCIAL TRUST COMPANY INC June 01, 2002 - June 30, 2002 Desalt:bon Counter Coaxer Premium premium Premium Current Make Unrealized Coop Amount Currency Amount Currency Local USD Value USD Gaintoss USD Foreign Exchange continued P NOK PUT USD CALL NOK - 127,755,000 USD - 17,000,000.00 USD - 781,090.00 - 781,090.00 0.00 781,090.00 FX EUROPEAN STYLE OPTION JAN 07, 2003 it 7.515 XNOKPA-BS-Z Total Foreign Exchange - 3,454,545.00 3,144,730.14 6,599,275.37 Emcnoive4Stea OptrOnS xn valoel us") erWe ket (noes at The dosed business nce statement date Over. fne-COur4p. (O IC) Wens a•evelum] a! Md-Market undo anent:se agreed Sn Important Information about Pncing and Valuations Important Information about Pnong and Valuations Antes some of when re peceeed by aced 30ov:ciao:Mr xxoces anal no deem ream* are not guaranteed (a acesetcy a as readable rakes Valuations a oveMnacounter Movene bansactions including ceded darvehveseaeled depart inducts. nave been prepared are mid-make: frosts These ostuabons are indatere values es Metre close of business of die date of bet statement and etcept as otherwise agreed vi wend Mese reivenad do not reweave The *Cluel kerns el wn.ell frensectons a moulds 0GM be bought a sod a new frensecbene caM be entered ergo a tne actual tams on anon existing fradectorn a swaged axed be lqucleded as of the daleMINS statement We do not farrete Thee comaelenese a *coney These vekrabons we dewed from propene.), mode's Lased upon tveN recognized final pnnopes end we have. when necessary lo cstsade ere present value of future melbas. made reasonable estimates about relevant future mwkel aflame Valuations based on other moods a 011erent asset:Mad may diterea mauls Magen exptetaly disclaim seems:ono:Ma la (I) the scanty of the maids a estimates used n damns tne vaAtatom (2) any atom a ondoons as °mailing a asseendebng eel/Shad and (3) any uses to whet Me vababons ace put Vekrations re wayura for tatematon Waded Onb end are allentied Solely der yea own 140 AWNS rent 10 the Wade conftmentsseesedeledsofeecn eansecnon Confidential Treatment Requested by JPMorgan JPM-SDNY-00030009 Chase CONFIDENTIAL SDNY_GM_00299207 EFTA01505035