EFTA01554243.pdf

09 2004 Confidential FINANCIAL TRUST COMPANY INC Page 1 of 62 Important JPMorgan Chase & Co. and Bank One Corporation merger news - The merger of the lead banks JPMorgan Chase Bank, New York, New York and Bank One, N.A., Chicago, Illinois, as well as Bank One, N.A., Columbus, Ohio is scheduled for November 13, 2004. The post merger lead bank will be called JPMorgan Chase Bank, N.A. US$ cash balances in your account that have been booked with JPMorgan Chase Bank may instead be booked with Chase Manhattan Bank USA , N.A., another wholly owned banking subsidiary of JPMorgan Chase & Co. that is also FDIC insured. This change will not impact your current mutual fund sweep selection. All products and services related to your account will otherwise remain unchanged. 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 September 1 - September 30, 2004 Table of Contents Page Account Summary Asset Account Portfolio Margin Account Portfolio 66 JPMCB JPMSI 2 3 60 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 EFTA01554243 09 2004 Portfolio Summary FINANCIAL TRUST COMPANY INC September 01, 2004 - September 30, 2004 Page 2 of 62 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 88,671,204.41 70,191,274.76 13,835,801.46 4,015,994.95 628,133.24 - 5,653,385.54 - 3,218,206.91 - 2,435,178.63 83,017,818.87 790,737.21 82,530.99 83,891,087.07 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 88,671,204.41 70,191,274.76 13,835,801.46 4,015,994.95 628,133.24 - 5,653,385.54 - 3,218,206.91 - 2,435,178.63 83,017,818.87 790,737.21 EFTA01554244 82,530.99 83,891,087.07 This Period 75,137.53 75,137.53 Year to Date 386,075.34 386,075.34 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 EFTA01554245 09 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 September 01, 2004 - September 30, 2004 Page 3 of 62 Asset Account Portfolio September 1 - September 30, 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'0RAZIO/HORNAK Page 4 6 7 8 9 11 16 20 27 EFTA01554246 09 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 September 01, 2004 - September 30, 2004 Page 4 of 62 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 83% Cash and Short Term 16% Equities 1% Other Cash & Short Term Equities Other Options Total Foreign Exchange Accrued Income Total Portfolio Value Market Value USD Sep 30 70,191,274.76 13,835,801.46 797,788.04 - 1,807,045.39 83,017,818.87 790,737.21 82,530.99 83,891,087.07 Income Summary Dividends Total Net Gain/Loss Summary Net Short Term Gain/Loss Total Prior Period Market Value USD Aug 31 67,780,116.59 11,982,860.70 4,650,664.48 - 1,962,284.22 82,451,357.55 986,668.09 75,137.53 EFTA01554247 83,513,163.17 This Period USD 75,137.53 75,137.53 Year to Date USD* 386,075.34 386,075.34 Tax Cost USD 70,191,274.76 8,003,201.28 - 995,538.14 77,198,937.90 Estimated Annual Income USD 1,101,301.09 Yield 1.6 0.0 0.0 1,101,301.09 N/A N/A 1.3 Realized This Period USD Realized Year to Date USD* 1,482,001.78 1,482,001.78 *Year to date information is calculated on a calendar year basis. Exchange Rates Spot Rates as of September 30, 2004 Market value of Options is not included in pie chart. Currency AUD CHF EUR Exchange Rate 0.7243 1.2487 1.2420 8,699,879.75 8,699,879.75 Unrealized USD - 782,718.63 - 782,718.63 EFTA01554248 09 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 September 01, 2004 - September 30, 2004 Page 5 of 62 Exchange Rates Spot Rates as of September 30, 2004 Currency GBP JPY MXN NZD THB TWD ZAR Exchange Rate 1.8096 110.2150 11.4025 0.6758 41.4250 33.9700 6.4750 EFTA01554249 09 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 September 01, 2004 - September 30, 2004 Page 6 of 62 Cash and Short Term Summary by Maturity Current Market Value USD Adjusted Cash Balance Total 70,191,274.76 70,191,274.76 Estimated Annual Income USD 1,101,301.09 1,101,301.09 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: 1.56% POUND STERLING PROCEEDS FROM PENDING SALES Adjusted Cash Balance USD 69,945,794.51 1.00 1.00 69,945,794.51 69,945,794.51 82,530.99 GBP USD 0.14 245,480 1.785714 1.00 0.25 1.00 245,480.00 70,191,274.76 0.25 245,480.00 70,191,274.76 82,530.99 3,851.58 1,097,449.51 1.57 Currency/ Unit Cost Adjusted Account Type Quantity Original EFTA01554250 Market Price Tax Cost Adjusted Original Market Value USD Accrued Interest USD Unrealized Gain/Loss USD Estimated Current Annual Yield/ Income USD YTM % Current N/A 1.57 1,101,301.09 1.57 EFTA01554251 09 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 September 01, 2004 - September 30, 2004 Page 7 of 62 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 18.07 13,835,801.46 13,835,801.46 N/A 0.00 N/A 0.0 EFTA01554252 09 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 September 01, 2004 - September 30, 2004 Page 8 of 62 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 T00 Ratings JPMSI: NEUTRAL MRNGSTAR: 1 star Providers: BOE SECU = BOE Securities; MRNGSTAR = Morningstar; REN CAP = Renaissa nce Capital EFTA01554253 09 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 - 89,781.00 - 700,337.50 Trade Date Maturity Date Estimated Value USD - 2,428,088.41 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 September 01, 2004 - September 30, 2004 Page 9 of 62 EFTA01554254 09 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 September 01, 2004 - September 30, 2004 Page 10 of 62 Structured Investments in Alphabetical Order Description P 6 MONTH CHF LINKED STRUCTURE 100% PRINCIPAL PROTECTED IN CHF JPMORGAN LONDON 12/6/2004 638998-9A-4 Bearer Total Other Market Value USD Unrealized Estimated Annual Currency CHF Quantity 10,000,000 Unit Cost 100.00 Price/Unit 100.2953 Tax Cost 8,003,201.28 Accrued Income USD Gain/Loss USD 4,015,994.95 - 3,987,206.33 Income USD Yield % N/A 5,000,000 8,003,201.28 797,788.04 28,788.62 EFTA01554255 09 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 September 01, 2004 - September 30, 2004 Page 11 of 62 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 $0.00 OTCBDC-PV-J WTI SHORT CALL OPTION USD PUT OPTION STRIKE 50 EXPIRING 12/15/2004 Underlying Asset Price = $0.00 OTCBDC-PV-L WTI LONG PUT OPTION USD CALL OPTION STRIKE 44 EXPIRING 12/15/2004 Underlying Asset Price = $0.00 OTCBDP-BB-U WTI LONG PUT OPTION USD CALL OPTION STRIKE 44 EXPIRING 12/15/2004 Underlying Asset Price = $0.00 OTCBDP-BB-V Total Other Currency/ Account Type Quantity Unit Cost Current Market Price/Unit Premium USD Current Market Value USD Unrealized Gain/Loss USD USD - 250 210,000.00 1.00 - 525,000.00 - 685,509.00 - 160,509.00 USD - 100 192,000.00 1.00 - 192,000.00 - 274,204.00 - 82,204.00 USD 250 218,000.00 1.00 545,000.00 EFTA01554256 359,164.00 - 185,836.00 USD 100 180,000.00 1.00 180,000.00 143,666.00 - 36,334.00 700 8,000.00 - 456,883.00 - 464,883.00 EFTA01554257 09 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 September 01, 2004 - September 30, 2004 Page 12 of 62 Foreign Exchange Description Counter Amount Currency Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD 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 XEURCA-XL-Z 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 GBP PUT USD CALL FX EUROPEAN STYLE OPTION MAR 07, 2005 @ 1.77 KNOCK IN @ 1.775 KNOCK OUT @ 1.84 XGBPPA-HO-Z GBP - 7,000,000 USD - 12,390,000.00 USD - 329,574.00 - 329,574.00 - 142,452.59 187,121.41 JPY 2,300,000,000 USD 20,000,000.00 USD 190,000.00 EFTA01554258 190,000.00 96,163.00 - 93,837.00 EUR - 22,000,000 USD - 26,840,000.00 USD - 665,632.00 - 665,632.00 - 418,341.88 247,290.12 EUR - 23,000,000 CHF - 35,408,500.00 USD - 169,326.00 - 169,326.00 - 204,660.44 - 35,334.44 AUD - 5,000,000 USD - 3,450,000.00 USD - 62,445.00 - 62,445.00 - 168,866.75 - 106,421.75 EUR 20,000,000 USD 22,000,000.00 USD 96,800.00 96,800.00 555.60 - 96,244.40 EFTA01554259 09 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 September 01, 2004 - September 30, 2004 Page 13 of 62 Foreign Exchange Description GBP PUT USD CALL FX EUROPEAN STYLE OPTION MAR 07, 2005 @ 1.77 KNOCK IN @ 1.775 KNOCK OUT @ 1.84 XGBPPA-HP-Z P ZAR CALL USD PUT FX EUROPEAN STYLE OPTION OCT 14, 2004 @ 6.45 XZARCA-AK-Z P AUD PUT USD CALL FX EUROPEAN STYLE OPTION APR 01, 2005 @ .715 KNOCK IN TRIGGERED @ .7193 BARRIER EXP 10/7/2004 XAUDPA-DX-Z P NZD PUT USD CALL FX EUROPEAN STYLE OPTION MAR 31, 2005 @ .665 KNOCK IN TRIGGERED @ .67 BARRIER EXP 10/7/2004 XNZDPA-EH-Z 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 EUR 10,000,000 USD 13,000,000.00 USD 56,447.00 56,447.00 9,811.40 - 46,635.60 NZD - 10,000,000 USD - 6,650,000.00 USD - 99,750.00 - 99,750.00 0.00 99,750.00 AUD - 20,000,000 USD - 14,300,000.00 USD - 215,930.00 - 215,930.00 0.00 215,930.00 ZAR - 41,925,000 USD - 6,500,000.00 USD - 58,500.00 - 58,500.00 - 110,570.48 - 52,070.48 Counter Amount Currency EFTA01554260 continued GBP - 7,000,000 USD - 12,390,000.00 USD - 324,618.00 - 324,618.00 - 142,452.59 182,165.41 Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01554261 09 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 September 01, 2004 - September 30, 2004 Page 14 of 62 Foreign Exchange Description AUD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 11, 2004 @ .7775 KNOCK IN TRIGGERED @ .7565 KNOCK OUT @ .8020 XAUDPA-CQ-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 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. - 1,003,538.14 - 1,350,162.39 - 346,624.25 TWD 327,500,000 USD 10,000,000.00 USD 196,000.00 196,000.00 18,231.93 - 177,768.07 THB 351,500,000 USD 9,250,000.00 USD 108,225.00 108,225.00 541.31 - 107,683.69 THB 2,700,000,000 USD 75,000,000.00 USD 405,000.00 405,000.00 0.00 - 405,000.00 AUD - 1,500,000 USD - 1,155,000.00 USD EFTA01554262 - 23,561.94 - 23,561.94 - 74,303.22 - 50,741.28 Counter Amount Currency continued AUD - 4,000,000 USD - 3,110,000.00 USD - 106,673.20 - 106,673.20 - 213,817.68 - 107,144.48 Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01554263 09 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 September 01, 2004 - September 30, 2004 Page 15 of 62 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. EFTA01554264 09 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 September 01, 2004 - September 30, 2004 Page 16 of 62 Outstanding Foreign Exchange Contracts Net Currency Exposure Summary Australia Dollar Swiss Franc Euro Currency Pound Sterling Japanese Yen Mexican New Peso N Zealand Dollar U S Dollar S African Rand Value in Currency 17,500,000.00 2,675,790.76 5,000,000.00 10,000,000.00 - 2,534,800,000.00 57,307,500.00 17,500,000.00 - 34,010,744.75 12,924,600.00 Gain/Loss Summary Total Unrealized Closed Value in USD Total Unrealized Open Total Unrealized Gain/Loss 934,207.04 - 143,469.83 790,737.21 Foreign Exchange Contracts Settlement Date Trade Date SPECULATIVE AUSTRALIA DOLLAR - U S DOLLAR Apr. 16 04 Oct. 20 04 AUD Apr. 23 04 Oct. 20 04 AUD Sep. 10 04 Oct. 20 04 AUD Sep. 30 04 Oct. 20 04 AUD Total Open SWISS FRANC Sep. 10 04 Oct. 20 04 CHF 10,000,000.00 USD 3,000,000.00 USD - 13,000,000.00 USD 17,500,000.00 USD 17,500,000.00 - EURO CURRENCY 7,687,000.00 EUR - 5,000,000.00 1.5374 1.54953 6,160,442.85 6,209,049.83 EFTA01554265 - 48,606.98 - 7,289,000.00 - 2,148,600.00 8,947,900.00 - 12,622,750.00 - 13,112,450.00 0.7289 0.7162 0.6883 0.7213 0.722903 0.722903 0.722903 0.722903 7,229,031.98 2,168,709.59 8,947,900.00 12,650,805.96 30,996,447.53 7,289,000.00 2,148,600.00 9,397,741.57 12,622,750.00 31,458,091.57 - 59,968.02 20,109.59 - 449,841.57 28,055.96 - 461,644.04 Currency Amount Counter Currency Counter Amount Contract Rate Current Market Forward Rate Market Value Receivables USD Market Value Payables USD Unrealized Gain/Loss USD EFTA01554266 09 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 September 01, 2004 - September 30, 2004 Page 17 of 62 Foreign Exchange Contracts Settlement Date Currency EURO CURRENCY - JAPANESE YEN Total Closed Sep. 23 04 Oct. 20 04 EUR Sep. 27 04 Oct. 20 04 EUR EURO CURRENCY - U S DOLLAR Sep. 30 04 Oct. 4 04 EUR Sep. 30 04 Oct. 4 04 EUR Sep. 30 04 Oct. 4 04 EUR Sep. 30 04 Oct. 4 04 EUR Total Closed Apr. 16 04 Oct. 20 04 EUR Apr. 23 04 Oct. 20 04 EUR May. 3 04 Oct. 20 04 EUR May. 11 04 Oct. 20 04 EUR May. 17 04 Oct. 20 04 EUR Sep. 30 04 Oct. 20 04 EUR Total Open Total continued Amount Counter Currency Counter Amount Contract Rate Current Market Forward Rate Market Value Receivables USD Market Value Payables USD Unrealized Gain/Loss USD 5,000,000.00 JPY - 5,000,000.00 JPY 0.00 - 679,650,000.00 683,100,000.00 3,450,000.00 - 10,000,000.00 USD 10,000,000.00 USD 10,000,000.00 USD - 10,000,000.00 USD 0.00 10,000,000.00 USD 3,000,000.00 USD - 10,000,000.00 USD - 1,500,000.00 USD - 1,500,000.00 USD EFTA01554267 10,000,000.00 USD 10,000,000.00 10,000,000.00 POUND STERLING - JAPANESE YEN Sep. 10 04 Oct. 20 04 GBP Sep. 22 04 Oct. 20 04 GBP Sep. 23 04 Oct. 20 04 GBP Sep. 27 04 Oct. 20 04 GBP Total Open 5,000,000.00 JPY - 5,000,000.00 JPY 15,000,000.00 JPY - 5,000,000.00 JPY 10,000,000.00 POUND STERLING - U S DOLLAR Apr. 16 04 Oct. 20 04 GBP Apr. 23 04 Oct. 20 04 GBP 10,000,000.00 USD 3,000,000.00 USD 12,428,000.00 - 12,418,000.00 - 12,402,000.00 12,423,000.00 31,000.00 - 11,971,000.00 - 3,536,700.00 11,883,000.00 1,766,100.00 1,796,100.00 - 12,423,000.00 - 12,485,500.00 - 12,454,500.00 - 980,350,000.00 986,700,000.00 - 2,978,100,000.00 1,003,550,000.00 -1,968,200,000.00 - 17,725,000.00 - 5,232,300.00 135.93 136.62 136.724499 136.724499 6,209,049.83 6,204,304.25 12,413,354.08 1.2428 1.2418 1.2402 1.2423 1.1971 1.1789 1.1883 1.1774 1.1974 1.2423 0.804635 0.805283 0.806322 0.804959 0.805276 0.805276 0.805276 EFTA01554268 0.805276 0.805276 0.805276 12,428,000.00 12,418,000.00 12,402,000.00 12,423,000.00 49,671,000.00 12,418,099.67 3,725,429.90 11,883,000.00 1,766,100.00 1,796,100.00 12,418,099.67 44,006,829.24 93,677,829.24 196.07 197.34 198.54 200.71 198.904406 198.904406 198.904406 198.904406 9,032,816.95 8,961,772.80 27,098,450.85 9,114,814.12 54,207,854.72 1.7725 1.7441 1.806563 1.806563 18,065,633.90 5,419,690.17 6,172,969.38 6,209,049.83 12,382,019.21 12,428,000.00 12,418,000.00 12,402,000.00 12,423,000.00 49,671,000.00 11,971,000.00 3,536,700.00 12,418,099.67 1,862,714.95 1,862,714.95 12,423,000.00 44,074,229.57 93,745,229.57 8,904,098.47 9,032,816.95 27,048,804.69 9,032,816.95 54,018,537.06 17,725,000.00 5,232,300.00 36,080.45 - 4,745.58 31,334.87 0.00 0.00 EFTA01554269 0.00 0.00 0.00 447,099.67 188,729.90 - 535,099.67 - 96,614.95 - 66,614.95 - 4,900.33 - 67,400.33 - 67,400.33 128,718.48 - 71,044.15 49,646.16 81,997.17 189,317.66 340,633.90 187,390.17 EFTA01554270 09 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 September 01, 2004 - September 30, 2004 Page 18 of 62 Foreign Exchange Contracts Settlement Date Currency Sep. 10 04 Oct 20 04 GBP Sep. 21 04 Oct 20 04 GBP Sep. 21 04 Oct 20 04 GBP Total Closed continued Amount Counter Currency - 3,000,000.00 USD - 5,000,000.00 USD - 5,000,000.00 USD 0.00 HUNGARIAN FORINT - U S DOLLAR Apr. 27 04 Oct. 20 04 HUF Apr. 28 04 Oct 20 04 HUF Sep. 10 04 Oct 20 04 HUF Total Closed JAPANESE YEN Apr. 16 04 Oct. 20 04 JPY May. 25 04 Oct. 20 04 JPY Sep. 10 04 Oct. 20 04 JPY Sep. 10 04 Oct. 20 04 JPY Sep. 22 04 Oct. 20 04 JPY Sep. 22 04 Oct. 20 04 JPY Sep. 27 04 Oct. 20 04 JPY Sep. 27 04 Oct. 20 04 JPY Total Open Sep. 24 04 Oct 20 04 MXN Mar. 11 04 Mar 15 05 NZD Mar. 23 04 Mar. 15 05 NZD Apr. 16 04 Oct. 20 04 NZD May. 27 04 Oct. 20 04 NZD 1,059,940,000.00 USD 634,280,000.00 USD - 1,694,220,000.00 USD 0.00 - U S DOLLAR 1,076,700,000.00 USD - 558,650,000.00 USD - 1,072,250,000.00 USD - 1,098,200,000.00 USD 1,103,000,000.00 USD - 6,350,000.00 USD - 3,450,000.00 USD - 10,850,000.00 USD - 570,050,000.00 MEXICAN NEW PESO - U S DOLLAR N ZEALAND DOLLAR - U S DOLLAR Total Closed EFTA01554271 57,307,500.00 USD 5,000,000.00 USD - 5,000,000.00 USD 0.00 10,000,000.00 USD 5,000,000.00 USD - 10,000,000.00 5,000,000.00 9,785,088.52 10,000,000.00 - 10,000,000.00 57,460.86 31,011.23 97,528.08 4,971,088.69 - 5,000,000.00 - 3,102,500.00 3,170,500.00 68,000.00 - 6,276,000.00 - 3,127,000.00 11.4615 0.6205 0.6341 0.6276 0.6254 11.443145 0.661913 0.661913 0.674063 0.674063 107.67 111.73 109.58 109.82 110.30 110.51 111.25 111.25 110.100984 110.100984 110.100984 110.100984 110.100984 110.100984 110.100984 110.100984 9,779,204.19 5,000,000.00 9,785,088.52 10,000,000.00 10,018,075.81 57,460.86 31,011.23 97,528.08 44,768,368.69 5,008,020.07 3,309,565.88 3,170,500.00 6,480,065.88 6,740,632.22 3,370,316.11 10,000,000.00 EFTA01554272 5,073,978.28 9,738,786.75 9,974,479.47 10,000,000.00 57,674.32 31,334.86 98,545.89 44,974,799.57 5,000,000.00 3,102,500.00 3,309,565.88 6,412,065.88 6,276,000.00 3,127,000.00 - 220,795.81 - 73,978.28 46,301.77 25,520.53 18,075.81 - 213.46 - 323.63 - 1,017.81 - 206,430.88 8,020.07 207,065.88 - 139,065.88 68,000.00 464,632.22 243,316.11 Counter Amount 5,349,000.00 8,971,000.00 8,976,000.00 338,700.00 - 4,803,280.91 - 2,859,564.49 8,159,017.57 496,172.17 Contract Rate 1.783 1.7942 1.7952 Current Market Forward Rate 1.806563 1.806563 1.806563 Market Value Receivables USD 5,349,000.00 8,971,000.00 8,976,000.00 46,781,324.07 220.67 221.81 207.65 199.928785 199.928785 199.928785 5,301,587.75 3,172,529.65 8,159,017.57 EFTA01554273 16,633,134.97 Market Value Payables USD 5,419,690.17 9,032,816.95 9,032,816.95 46,442,624.07 4,803,280.91 2,859,564.49 8,474,117.40 16,136,962.80 Unrealized Gain/Loss USD - 70,690.17 - 61,816.95 - 56,816.95 338,700.00 498,306.84 312,965.16 - 315,099.83 496,172.17 EFTA01554274 09 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 September 01, 2004 - September 30, 2004 Page 19 of 62 Foreign Exchange Contracts Settlement Date Currency May. 27 04 Oct. 20 04 NZD Sep. 10 04 Oct. 20 04 NZD Sep. 30 04 Oct. 20 04 NZD Total Open Total Sep. 29 04 Oct. 1 04 ZAR Sep. 29 04 Oct. 1 04 ZAR Sep. 29 04 Oct. 20 04 ZAR Total TRADE RELATED SWISS FRANC - U S DOLLAR Sep. 30 04 Oct. 4 04 CHF Total Foreign Exchange Contracts - 5,011,209.24 USD 4,024,744.39 1.2451 1.2451 4,024,744.39 365,404,625.60 4,024,744.39 364,613,888.39 0.00 790,737.21 continued Amount Counter Currency 5,000,000.00 USD - 20,000,000.00 USD 17,500,000.00 USD 17,500,000.00 17,500,000.00 S AFRICAN RAND - U S DOLLAR Total Closed 12,900,000.00 USD - 12,900,000.00 USD 0.00 12,924,600.00 USD 12,924,600.00 Counter Amount - 3,127,000.00 12,986,000.00 - 11,798,500.00 - 11,342,500.00 - 11,274,500.00 - 2,000,000.00 2,000,000.00 EFTA01554275 .00 - 2,000,000.00 - 2,000,000.00 6.4623 6.495857 Contract Rate 0.6254 0.6493 0.6742 Current Market Forward Rate 0.674063 0.674063 0.674063 Market Value Receivables USD 3,370,316.11 12,986,000.00 11,796,106.38 38,263,370.82 44,743,436.70 6.45 6.45 6.45 6.45 2,000,000.00 2,000,000.00 4,000,000.00 1,989,668.29 5,989,668.29 Market Value Payables USD 3,127,000.00 13,481,264.44 11,798,500.00 37,809,764.44 44,221,830.32 2,000,000.00 2,000,000.00 4,000,000.00 2,000,000.00 6,000,000.00 Unrealized Gain/Loss USD 243,316.11 - 495,264.44 - 2,393.62 453,606.38 521,606.38 0.00 0.00 0.00 - 10,331.71 - 10,331.71 EFTA01554276 09 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 September 01, 2004 - September 30, 2004 Page 20 of 62 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 Date Settlement Date Settled Sep 7 Sep 9 Write Option GBP PUT USD CALL Sep 7 Sep 9 Write Option FX EUROPEAN STYLE OPTION MAR 07, 2005 @ 1.77 KNOCK IN @ 1.775 KNOCK OUT @ 1.84 GBP PUT USD CALL Sep 8 Sep 10 Write Option FX EUROPEAN STYLE OPTION MAR 07, 2005 @ 1.77 KNOCK IN @ 1.775 KNOCK OUT @ 1.84 GBP PUT JPY CALL FX EUROPEAN STYLE OPTION MAR 08, 2005 @ 195. KNOCK IN @ 193 BARRIER EXP 9/29/2004 USD - 7,000,000 2.66 329,574.00 Realized Type Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD Amount USD 913,133.04 0.00 USD - 7,000,000 2.62 324,618.00 USD - 10,000,000 EFTA01554277 2.49 444,714.00 EFTA01554278 09 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 September 01, 2004 - September 30, 2004 Page 21 of 62 Settlement Date Realized Type Settled continued Sep 8 Sep 10 Write Option NZD PUT USD CALL Sep 9 Sep 13 Buy-Back Opt FX EUROPEAN STYLE OPTION MAR 08, 2005 @ .64 KNOCK IN @ 0.625 KNOCK OUT @ 0.6725 JPY PUT USD CALL FX EUROPEAN STYLE OPTION NOV 04, 2004 @ 111. Sep 10 Sep 14 Write Option Sep 14 Sep 16 Buy-Back Opt KNOCK IN TRIGGERED @ 112.5 KNOCK OUT @ 106.25 ZAR CALL USD PUT FX EUROPEAN STYLE OPTION OCT 14, 2004 @ 6.45 NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .68 Sep 14 Sep 16 Buy-Back Opt KNOCK IN TRIGGERED @ .6625 NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .68 Sep 15 Sep 17 Write Option KNOCK IN TRIGGERED @ .6625 MXN PUT USD CALL FX EUROPEAN STYLE OPTION MAR 17, 2005 @ 11.55 KNOCK IN @ 11.62 BARRIER EXP 9/23/2004 Sep 22 Sep 24 Write Option Sep 22 Sep 24 Purchase Opt WTI SHORT CALL OPTION USD PUT OPTION STRIKE 50 EXPIRING 12/15/2004 WTI LONG PUT OPTION USD CALL OPTION STRIKE 44 EXPIRING 12/15/2004 USD USD - 250 250 525,000.00 - 545,000.00 USD EFTA01554279 - 115,500,000 1.80 180,000.00 USD 3,013,500 - 99,590.15 85,040.97 - 14,549.18 S USD USD - 83,850,000 1,986,500 0.90 117,000.00 - 65,649.85 61,192.17 - 4,457.68 S USD - 13,000,000 3.55 295,360.00 Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD USD 1,110,000,000 - 85,000.00 138,000.00 53,000.00 S EFTA01554280 09 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 September 01, 2004 - September 30, 2004 Page 22 of 62 Settlement Date Realized Type Settled continued Sep 23 Sep 27 Write Option Sep 23 Sep 27 Purchase Opt Sep 23 Sep 23 Expired Opt Sep 24 Sep 28 Buy-Back Opt WTI SHORT CALL OPTION USD PUT OPTION STRIKE 50 EXPIRING 12/15/2004 WTI LONG PUT OPTION USD CALL OPTION STRIKE 44 EXPIRING 12/15/2004 HKD PUT USD CALL FX EUROPEAN STYLE OPTION SEP 23, 2004 @ 7.833 ZAR PUT USD CALL FX EUROPEAN STYLE OPTION OCT 14, 2004 @ 6.4 Sep 29 Sep 29 Expired Opt KNOCK IN TRIGGERED @ 6.7 GBP PUT JPY CALL FX EUROPEAN STYLE OPTION MAR 08, 2005 @ 195. KNOCK IN @ 193 BARRIER EXP 9/29/2004 Issued in USD Sep 29 Sep 29 Expired Opt MXN PUT USD CALL FX EUROPEAN STYLE OPTION MAR 17, 2005 @ 11.55 KNOCK IN @ 11.62 BARRIER EXP 9/23/2004 Issued in USD Sep 30 Sep 30 Expired Opt NZD PUT USD CALL FX EUROPEAN STYLE OPTION MAR 08, 2005 @ .64 KNOCK IN @ 0.625 KNOCK OUT @ 0.6725 Issued in USD NZD 13,000,000 0.00 295,360.00 295,360.00 S MXN 115,500,000 0.00 180,000.00 EFTA01554281 180,000.00 S GBP 10,000,000 0.00 444,714.00 444,714.00 S USD USD USD USD - 100 100 - 156,660,000 46,080,000 192,000.00 - 180,000.00 0.00 - 102,960.00 - 312,280.00 194,400.00 - 312,280.00 S 91,440.00 S Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD EFTA01554282 09 Trade Date Pending Sep 29 Oct 1 Buy-Back Opt ZAR CALL USD PUT FX EUROPEAN STYLE OPTION OCT 14, 2004 @ 6.45 Sep 30 Oct 4 Write Option AUD PUT USD CALL FX EUROPEAN STYLE OPTION APR 01, 2005 @ .715 KNOCK IN TRIGGERED @ .7193 BARRIER EXP 10/7/2004 Sep 30 Oct 4 Write Option NZD PUT USD CALL FX EUROPEAN STYLE OPTION MAR 31, 2005 @ .665 KNOCK IN TRIGGERED @ .67 BARRIER EXP 10/7/2004 Sep 30 Oct 4 Sale 6 MONTH CHF LINKED STRUCTURE 100% PRINCIPAL PROTECTED IN CHF JPMORGAN LONDON 12/6/2004 Trade Date Settlement Date Counter Currency Settled Foreign Exchange Contracts SPECULATIVE AUSTRALIA DOLLAR - U S DOLLAR Sep 9 04 Sep 9 04 Sep 14 04 Jul 7 04 Jul 8 04 Jul 12 04 Sep 10 04 Sep 14 04 SWISS FRANC Aug 16 04 Sep 14 04 AUD - 10,000,000.00 USD 7,166,000.00 AUD 10,000,000.00 USD - 7,180,000.00 AUD - 13,000,000.00 USD AUD 13,000,000.00 USD - 8,983,000.00 - EURO CURRENCY CHF 22,953,000.00 EUR - 15,000,000.00 1.530200 1.256700 18,264,502.26 - 18,422,256.54 - 157,754.28 9,361,300.00 0.716600 0.718000 0.720100 0.691000 1.456771 1.456771 1.420556 0.691000 7,166,000.00 - 7,180,000.00 EFTA01554283 9,361,300.00 - 8,983,000.00 - 6,864,499.24 6,864,499.24 - 9,151,349.59 8,983,000.00 301,500.76 - 315,500.76 209,950.41 Amount Currency Counter Amount CHF - 5,000,000 0.00 0.00 USD - 10,000,000 1.50 99,750.00 USD - 20,000,000 1.51 215,930.00 USD 41,925,000 0.00 - 70,200.00 58,500.00 - 11,700.00 S 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 September 01, 2004 - September 30, 2004 Page 23 of 62 Estimated Settlement Date Realized Gain/Loss Type Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost USD Contract Rate Revaluation Rate Base Amount USD Amount USD Gain/Loss USD Contracted/ Revalued Realized EFTA01554284 09 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 September 01, 2004 - September 30, 2004 Page 24 of 62 Settled Foreign Exchange Contracts Trade Settlement Date Currency Sep 3 04 Sep 14 04 Sep 10 04 Sep 14 04 SWISS FRANC Sep 3 04 Sep 14 04 Sep 10 04 Sep 14 04 Sep 10 04 Sep 10 04 Counter Amount Currency continued CHF - 15,321,000.00 EUR 10,000,000.00 CHF - 7,700,000.00 EUR - U S DOLLAR CHF CHF 5,000,000.00 1.532100 1.540000 0.814230 1.256700 0.814230 1.256694 0.813230 19,000.00 USD 49,000.00 USD POUND STERLING - JAPANESE YEN Sep 8 04 Sep 8 04 Aug 13 04 Sep 14 04 Sep 10 04 Sep 14 04 Jul 12 04 Jul 20 04 Aug 4 04 Sep 10 04 Sep 10 04 Sep 10 04 Sep 10 04 Sep 14 04 Sep 14 04 Sep 14 04 GBP GBP - 14,971.23 - 39,081.19 GBP - 5,000,000.00 JPY 976,750,000.00 5,000,000.00 JPY - 974,750,000.00 EFTA01554285 5,000,000.00 JPY- 1,013,300,000.00 GBP - 5,000,000.00 JPY 985,000,000.00 POUND STERLING - U S DOLLAR Sep 8 04 Sep 8 04 Sep 8 04 Sep 8 04 GBP 1.269100 1.253800 195.350000 194.950000 202.660000 197.000000 1.256700 1.253800 1.776692 0.009150 1.783599 0.009150 1.800115 109.570000 1.793544 0.009140 GBP - 5,000,000.00 USD GBP - 3,000,000.00 USD GBP 5,000,000.00 USD - 8,860,000.00 8,942,500.00 5,359,800.00 3,000,000.00 USD - 5,319,000.00 GBP - 13,000,000.00 USD 24,048,700.00 GBP GBP - 5,000,000.00 USD 5,000,000.00 USD - 9,250,000.00 9,059,000.00 1.772000 1.788500 1.786600 1.773000 1.849900 1.850000 1.811800 1.772000 1.776692 1.776692 1.773000 1.800101 1.800101 1.800101 - 12,191,453.80 - 6,127,188.59 12,281,504.36 6,148,250.30 90,050.56 21,061.71 Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD EFTA01554286 Revalued Amount USD Realized Gain/Loss USD - 14,971.23 - 39,081.19 - 8,883,460.47 8,917,997.23 9,000,503.12 - 8,967,718.75 15,118.96 39,081.19 147.73 8,938,458.02 - 8,920,155.57 - 9,247,969.33 9,010,657.27 54,997.55 - 2,158.34 - 247,466.21 42,938.52 - 8,860,000.00 8,942,500.00 5,359,800.00 - 5,319,000.00 8,860,000.00 - 8,883,460.48 - 5,330,076.28 5,319,000.00 24,048,700.00 - 23,401,308.13 - 9,250,000.00 9,059,000.00 9,000,503.12 - 9,000,503.12 59,039.52 29,723.72 647,391.87 - 249,496.88 58,496.88 EFTA01554287 09 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 September 01, 2004 - September 30, 2004 Page 25 of 62 Settled Foreign Exchange Contracts Trade Settlement Date Currency Sep 10 04 Sep 14 04 Sep 10 04 Sep 14 04 Sep 14 04 Sep 23 04 Sep 21 04 Sep 23 04 Jul 13 04 Jul 21 04 Counter Amount Currency continued GBP 10,000,000.00 USD - 17,885,000.00 GBP GBP - 5,000,000.00 USD GBP HUNGARIAN FORINT - U S DOLLAR Sep 14 04 Sep 14 04 Aug 17 04 Sep 14 04 Sep 10 04 Sep 14 04 JAPANESE YEN Sep 8 04 Jul 12 04 Sep 10 04 Sep 14 04 Aug 10 04 Sep 14 04 Sep 10 04 Sep 14 04 Sep 10 04 Sep 14 04 Jul 7 04 HUF - 677,070,000.00 USD 3,000,000.00 USD - 5,365,500.00 8,988,500.00 5,000,000.00 USD - 8,996,000.00 3,268,501.08 HUF 677,070,000.00 USD - 3,286,747.57 HUF - 806,280,000.00 USD HUF 806,280,000.00 USD - 3,921,595.33 - U S DOLLAR JPY - 2,000,000.00 USD JPY - 518,050,000.00 USD JPY - 554,200,000.00 USD 18,286.55 4,797,647.71 5,000,000.00 JPY 1,072,250,000.00 USD - 9,769,931.66 JPY 28,300,000.00 USD N ZEALAND DOLLAR - U S DOLLAR Sep 9 04 Aug 10 04 Sep 9 04 Sep 14 04 EFTA01554288 Sep 14 04 Sep 14 04 Jul 12 04 Aug 4 04 Aug 6 04 Aug 10 04 Sep 14 04 NZD - 10,000,000.00 USD - 258,683.72 6,483,000.00 NZD 10,000,000.00 USD - 6,514,000.00 NZD - 20,000,000.00 USD 13,096,000.00 NZD - 10,000,000.00 USD NZD NZD 5,000,000.00 USD - 3,252,000.00 5,000,000.00 USD - 3,269,000.00 109.370000 107.980000 110.840000 109.750000 109.400000 6,389,000.00 0.648300 0.651400 0.654800 0.638900 0.650400 0.653800 109.274988 109.570000 109.570000 109.750000 109.400000 1.535982 1.535982 1.506819 1.506819 1.506819 1.506819 18,286.55 4,797,647.71 5,000,000.00 - 9,769,931.66 - 258,683.72 6,483,000.00 - 6,514,000.00 - 18,302.45 - 4,728,027.74 - 5,057,953.81 9,769,931.66 258,683.72 - 6,510,495.08 6,510,495.08 13,096,000.00 - 13,272,998.70 6,389,000.00 - 3,252,000.00 - 3,269,000.00 - 6,636,499.35 3,318,249.67 3,318,249.67 - 15.90 69,619.97 - 57,953.81 EFTA01554289 4,000,000.00 1.788500 1.788500 1.797700 1.799200 207.150000 206.000000 201.570000 205.600000 1.788500 1.788500 1.799100 1.799200 201.848936 201.848936 201.848936 205.600000 - 17,885,000.00 - 5,365,500.00 8,988,500.00 - 8,996,000.00 3,268,501.08 - 3,286,747.57 4,000,000.00 - 3,921,595.33 17,885,000.00 5,365,500.00 - 8,995,499.55 8,996,000.00 - 3,354,340.19 3,354,340.19 - 3,994,472.37 3,921,595.33 Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD - 6,999.55 - 85,839.11 67,592.62 5,527.63 - 27,495.08 - 3,504.92 - 176,998.70 - 247,499.35 66,249.67 49,249.67 EFTA01554290 09 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 September 01, 2004 - September 30, 2004 Page 26 of 62 Settled Foreign Exchange Contracts Trade Settlement Date Currency Sep 10 04 Sep 14 04 Sep 23 04 Sep 27 04 Sep 23 04 Sep 27 04 NZD Counter Amount Currency continued NZD 20,000,000.00 USD - 13,050,000.00 6,500,000.00 USD - 4,335,500.00 4,332,250.00 NZD - 6,500,000.00 USD 0.652500 0.667000 0.666500 0.652500 0.667000 0.667000 - 13,050,000.00 - 4,335,500.00 4,332,250.00 13,050,000.00 4,335,500.00 - 4,335,500.00 Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD - 3,250.00 EFTA01554291 09 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 September 01, 2004 - September 30, 2004 Page 27 of 62 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 Sep 9 Type Fwd FX Ctrct Quantity Description 7,166,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.716600000 TRADE 7/07/04 VALUE 9/09/04 Sep 9 Fwd FX Ctrct - 7,180,000 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.718000000 TRADE 7/08/04 VALUE 9/09/04 - 276,000.00 - 23,000,000.00 .00 168,349.59 - 359,500,000.00 23,000,000.00 10,000,000.00 349,776,000.00 .00 Amount to Date Realized Amount Gain/Loss USD - 10,000,000.00 - 6,864,499.24 Amount USD 10,000,000.00 6,864,499.24 EFTA01554292 09 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 September 01, 2004 - September 30, 2004 Page 28 of 62 Australia Dollar Activity by Date Settlement continued Realized Type Sep 14 Fwd FX Ctrct Quantity Description 9,361,300 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.720100000 TRADE 7/12/04 VALUE 9/14/04 Sep 14 Spot FX - 8,983,000 SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.691000000 TRADE 9/10/04 VALUE 9/14/04 AUSTRALIA DOLLAR U S DOLLAR Gain/Loss USD 168,349.59 - 13,000,000.00 - 9,151,349.59 Amount Amount USD 13,000,000.00 8,983,000.00 EFTA01554293 09 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 September 01, 2004 - September 30, 2004 Page 29 of 62 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 Type Sep 14 Fwd FX Ctrct Quantity Description 22,953,000 SETTLE FORWARD CURRENCY CONTRACT BUY CHF SELL EUR CONTRACT RATE : 1.530200000 TRADE 8/16/04 VALUE 9/14/04 Sep 14 Fwd FX Ctrct - 15,321,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL CHF CONTRACT RATE : 1.532100000 TRADE 9/03/04 VALUE 9/14/04 - 15,000,000.00 .00 - 7,498.12 - 30,000,000.00 - 415,599,332.92 15,000,000.00 29,941,124.64 415,658,208.28 .00 Amount to Date Realized Amount Gain/Loss USD - 7,498.12 - 15,000,000.00 - 18,422,256.54 Amount USD 10,000,000.00 12,281,504.36 EFTA01554294 09 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 September 01, 2004 - September 30, 2004 Page 30 of 62 Euro Currency Activity by Date Settlement continued Realized Type Sep 14 Spot FX Quantity Description - 7,700,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL CHF SPOT RATE : 0.813239500 TRADE 9/10/04 VALUE 9/14/04 EURO PRINCIPAL CURRENCY SWISS FRANC Gain/Loss USD 5,000,000.00 6,148,250.30 Amount Amount USD EFTA01554295 09 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 September 01, 2004 - September 30, 2004 Page 31 of 62 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 Type Sep 14 Fwd FX Ctrct Quantity Description 3,268,501.08 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL HUF CONTRACT RATE : 207.150000000 TRADE 7/13/04 VALUE 9/14/04 Sep 14 Fwd FX Ctrct - 3,286,747.57 SETTLE FORWARD CURRENCY CONTRACT BUY HUF SELL USD CONTRACT RATE : 206.000000000 TRADE 7/21/04 VALUE 9/14/04 - 1,483,350,000.0 .00 72,877.04 - 2,120,000,000.0 - 16,908,290,000. 1,483,350,000.00 3,203,000,000.00 15,825,290,000.00 .00 Amount to Date Realized Amount Gain/Loss USD 33,264.47 - 677,070,000.00 - 3,354,340.19 Amount USD 677,070,000.00 3,354,340.19 EFTA01554296 09 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 September 01, 2004 - September 30, 2004 Page 32 of 62 Hungarian Forint Activity by Date Settlement continued Realized Type Sep 14 Fwd FX Ctrct Quantity Description 4,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL HUF CONTRACT RATE : 201.570000000 TRADE 8/17/04 VALUE 9/14/04 Sep 14 Spot FX - 3,921,595.33 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 205.600000000 TRADE 9/10/04 VALUE 9/14/04 HUNGARIAN FORINT U S DOLLAR Gain/Loss USD 39,612.57 - 806,280,000.00 - 3,994,472.37 Amount Amount USD 806,280,000.00 3,921,595.33 EFTA01554297 09 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 September 01, 2004 - September 30, 2004 Page 33 of 62 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 Type Sep 10 Spot FX Quantity Description - 5,000,000 SPOT CURRENCY TRANSACTION - BUY BUY JPY SELL GBP SPOT RATE : 109.275000000 TRADE 9/08/04 VALUE 9/10/04 JAPANESE YEN POUND STERLING Sep 10 Spot FX 5,000,000 SPOT CURRENCY TRANSACTION - SALE BUY GBP SELL JPY SPOT RATE : 109.301446822 TRADE 9/08/04 VALUE 9/10/04 POUND STERLING JAPANESE YEN .00 3,062,300,000.00 - 3,062,300,000.0 .00 - 5,321.77 9,284,667,520.00 - 9,284,667,520.0 Amount to Date Realized Amount Gain/Loss USD 976,750,000.00 8,938,458.02 Amount USD - 974,750,000.00 - 8,917,997.23 EFTA01554298 09 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 September 01, 2004 - September 30, 2004 Page 34 of 62 Japanese Yen Activity by Date Settlement continued Realized Type Sep 10 Spot FX Quantity Description 18,286.55 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL JPY SPOT RATE : 109.370000000 TRADE 9/08/04 VALUE 9/10/04 U S DOLLAR JAPANESE YEN Sep 14 Fwd FX Ctrct 4,797,647.71 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 107.980000000 TRADE 7/12/04 VALUE 9/14/04 Sep 14 Fwd FX Ctrct 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 110.840000000 TRADE 8/10/04 VALUE 9/14/04 Sep 14 Fwd FX Ctrct 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL JPY CONTRACT RATE : 202.660000000 TRADE 8/13/04 VALUE 9/14/04 Sep 14 Spot FX - 5,000,000 SPOT CURRENCY TRANSACTION - BUY BUY JPY SELL GBP SPOT RATE : 109.315000000 TRADE 9/10/04 VALUE 9/14/04 JAPANESE YEN POUND STERLING Sep 14 Spot FX - 9,769,931.66 SPOT CURRENCY TRANSACTION - BUY BUY JPY SELL USD SPOT RATE : 109.750000000 TRADE 9/10/04 VALUE 9/14/04 JAPANESE YEN U S DOLLAR Gain/Loss USD - 2,000,000.00 - 18,286.55 Amount Amount USD EFTA01554299 - 1,321.93 - 518,050,000.00 - 4,728,027.74 - 1,414.17 - 554,200,000.00 - 5,057,953.81 - 2,585.67 -1,013,300,000.00 - 9,247,969.33 985,000,000.00 9,010,657.27 1,072,250,000.00 9,769,931.66 EFTA01554300 09 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 September 01, 2004 - September 30, 2004 Page 35 of 62 Japanese Yen Activity by Date Settlement continued Realized Type Sep 14 Spot FX Quantity Description - 258,683.72 SPOT CURRENCY TRANSACTION - BUY BUY JPY SELL USD SPOT RATE : 109.400000000 TRADE 9/10/04 VALUE 9/14/04 JAPANESE YEN U S DOLLAR Gain/Loss USD 28,300,000.00 258,683.72 Amount Amount USD EFTA01554301 09 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 Septembe