EFTA01557448.pdf

12 JPMorgan Chase Bank 2001 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Confidential Page 1 of 14 Asset Account Portfolio December 1 - December 31, 2001 Table of Contents Portfolio Summary Cash and Short Term Other Options Private Investments Trade Activity Account Transactions Account Officers Service Specialist: RILEY/ANTOSY Page 2 3 5 6 7 9 10 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 EFTA01557448 12 JPMorgan Chase Bank 2001 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio December 01, 2001 - December 31, 2001 Page 2 of 14 Overview Portfolio Summary Market Value USD Dec 31 Cash & Short Term Equities Other Options Total Accrued Income Total Portfolio Value Private Investments * Asset Allocation 67% Cash and Short Term 24% Other 9% Private Investments* Net Gain/Loss Summary Net Short Term Gain/Loss Total Realized This Period USD Realized Year to Date USD** 193,327.96 193,327.96 **Year to date information is calculated on a calendar year basis. 193,327.96 193,327.96 Unrealized USD - 9,352.30 - 9,352.30 6,955,168.76 0.00 2,461,624.56 - 340,160.00 9,076,633.32 9,863.37 9,086,496.69 927,678.00 Income Summary Dividends Total Market Value USD Nov 30 4,477,111.25 587,500.00 1,545,136.00 6,609,747.25 8,483.35 6,618,230.60 933,747.00 This Period USD 8,483.35 8,483.35 Year to Date USD* 342,076.69 EFTA01557449 342,076.69 Tax Cost USD 6,955,168.76 - 330,807.70 6,624,361.06 Estimated Annual Income USD 131,998.04 Yield 1.9 0.0 0.0 131,998.04 N/A N/A 1.5 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). EFTA01557450 12 JPMorgan Chase Bank 2001 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio December 01, 2001 - December 31, 2001 Page 3 of 14 Cash and Short Term Summary by Maturity Current Market Value USD Cash Less Than 3 Months Total 4,718,286.22 2,236,882.54 6,955,168.76 Estimated Annual Income USD 85,023.51 46,974.53 131,998.04 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: 1.84% Short Term by Maturity J P MORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARES CLASS (FUND 829) 7-Day Annualized Yield: 2.08% USD 2,236,882.54 1.00 1.00 EFTA01557451 2,236,882.54 2,236,882.54 4,075.02 46,974.53 2.10 USD 4,718,286.22 1.00 1.00 4,718,286.22 4,718,286.22 5,788.35 85,023.51 1.80 EFTA01557452 12 JPMorgan Chase Bank 2001 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio December 01, 2001 - December 31, 2001 Page 4 of 14 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 % 6,955,168.76 6,955,168.76 9,863.37 0.00 131,998.04 1.90 EFTA01557453 12 Other Swaps in Alphabetical Order Description BEAR STEARNS CORP TOTAL RETURN SWAP QUARTERLY LIBOR RESET 10/4/03 MGT NY SWPEQA-BY-7 N/O Client ATT CORP TOTAL RETURN SWAP QUARTERLY LIBOR RESET 12/17/02 MGT NY SWPEQA-CA-8 N/O Client Total Other Trade Date Maturity Date Estimated Value USD 1,778,422.56 JPMorgan Chase Bank 2001 Account Number: § FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio December 01, 2001 - December 31, 2001 Page 5 of 14 683,202.00 2,461,624.56 EFTA01557454 12 JPMorgan Chase Bank 2001 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio December 01, 2001 - December 31, 2001 Page 6 of 14 Options Option Holdings in Alphabetical Order Equities Description Cusip BEAR STERNS OTC EUROPEAN CALL OPTION JAN 18 2002 @ 55 MGT NEW YORK REF # 2129445 Underlying Asset Price = $0.00 OTCEQC-AF-B BEAR STEARNS COMPANY OTC EUROPEAN CALL OPTION JAN 18 2002 @ 55.00 MGT NEW YORK REF # 8062185 Underlying Asset Price = $0.00 OTCEQC-AF-C Total Equity 80,000 - 330,807.70 - 340,160.00 - 9,352.30 USD - 75,470 4.13 4.252 - 311,691.10 - 320,898.44 - 9,207.34 Currency Quantity Unit Cost Current Market Price/Unit Premium USD Current Market Value USD Unrealized Gain/Loss USD USD - 4,530 4.22 4.252 - 19,116.60 - 19,261.56 - 144.96 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. EFTA01557455 12 JPMorgan Chase Bank 2001 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio December 01, 2001 - December 31, 2001 Page 7 of 14 Private Private Investments Summary Investments * LPs, LLCs, and Other Total Estimated Current Value USD 927,678.00 927,678.00 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 EFTA01557456 1 manager of the entity for this information. USD 3,000,000.00 1,106,346.00 0.00 927,678.00 Currency Net of Origination Fee Capital Called Since Inception USD Cash/Security Distributions Since Inception USD Estimated Value USD EFTA01557457 12 JPMorgan Chase Bank 2001 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio December 01, 2001 - December 31, 2001 Page 8 of 14 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. EFTA01557458 12 JPMorgan Chase Bank 2001 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio December 01, 2001 - December 31, 2001 Page 9 of 14 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 Nov 30 Dec 3 Purchase Dec 7 Dec 12 Sale Dec 20 Dec 26 Write Option J P MORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARES CLASS (FUND 829) IMC GLOBAL INC BEAR STERNS OTC EUROPEAN CALL OPTION JAN 18 2002 @ 55 MGT NEW YORK REF @ 2129445 Dec 21 Dec 27 Write Option BEAR STEARNS COMPANY OTC EUROPEAN CALL OPTION JAN 18 2002 @ 55.00 MGT NEW YORK REF it 8062185 USD - 75,470 311,691.10 USD USD USD 4,435.47 - 50,000 - 4,530 1.00 13.222 - 4,435.47 656,577.96 19,116.60 - 463,250.00 193,327.96 S Type Amount USD 193,327.96 0.00 Realized Description EFTA01557459 Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD EFTA01557460 12 JPMorgan Chase Bank 2001 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio December 01, 2001 - December 31, 2001 Page 10 of 14 Account Transactions Cash 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 *Year to date information is calculated on a calendar year basis. — 4,041,622.04 - 4,435.47 - 2,583,000.00 .00 - 39,838,398.20 - 17,775,545.68 - 44,149,000.00 - 440,436.00 .00 8,483.35 1,568,000.00 987,385.66 4,065,188.50 342,076.69 35,120,111.98 39,771,948.86 26,969,242.35 Amount Year to Date USD* Activity by Date Type Settlement Date Dec 3 Dec 3 Dividend Misc. Receipt Quantity Description JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST FED FUNDS RECEIVED THRU MELLON PIT FINANCIAL TRUST COMPANY INC Amount USD 4,047.88 2,000,000.00 EFTA01557461 EFTA01557462 12 Settlement Date Dec 3 Dec 3 JPMorgan Chase Bank 2001 Account Number: M FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio December 01, 2001 - December 31, 2001 Page 11 of 14 Activity by Date Type continued Quantity Description Dividend Purchase 4,435.47 J P MORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARES CLASS (FUND 829) 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 11/30/01 Dec 3 Dec 4 Dec 4 Purchase Sale Misc. Disbursement 2,004,047.88 - 1,550,000 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 Dec 4 Misc. Disbursement TRANSFERRED BY WIRE TO CHASE MANHATTAN BANK/ST THOMAS FAO FINANCIAL TRUST COMPANY, INC. LETTER FROM CLIENT Dec 12 Sale - 50,000 IMC GLOBAL INC @ 13.222 BROKERAGE TAX &/OR SEC 661,100.00 4,500.00 22.04 EFTA01557463 J P MORGAN SECURITIES (EQUITIES) TRADE DATE 12/07/01 - 2,004,047.88 1,550,000.00 - 1,500,000.00 Amount USD 4,435.47 - 4,435.47 - 50,000.00 656,577.96 EFTA01557464 12 Settlement Date JPMorgan Chase Bank 2001 Account Number: U FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio December 01, 2001 - December 31, 2001 Page 12 of 14 Activity by Date Type continued Quantity Description Dec 12 Purchase Dec 18 Receipt of Assets 656,577.96 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 MORGAN GUARANTY TRUST CO N Y TRADE DATE 12/17/01 Dec 19 Misc. Receipt Dec 19 Purchase Dec 19 Misc. Disbursement 1,000,000 FED FUNDS REC'D THRU FRB FROM MELLON BANK NA REF; FINANCIAL TRUST CO 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 Dec 20 Misc. Disbursement ATT CORP TOTAL RETURN SWAP QUARTERLY LIBOR RESET 12/17/02 MGT NY COMISSIONS FEE FROM SWAP Dec 20 Sale Dec 20 Misc. Disbursement - 18,000 JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST TRANSFERRED BY WIRE TO CHASE MANHATTAN BANK/ST THOMAS FAO FINANCIAL TRUST COMPANY, INC. LETTER FROM CLIENT 18,000.00 - 15,000.00 - 1,000,000.00 - 1,000,000.00 2,000,000.00 Amount USD - 656,577.96 EFTA01557465 - 18,000.00 EFTA01557466 12 Settlement Date JPMorgan Chase Bank 2001 Account Number: U FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio December 01, 2001 - December 31, 2001 Page 13 of 14 Activity by Date Type continued Quantity Description Dec 21 Purchase Dec 21 Misc. Receipt 50,188.50 JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST FUNDS TRANSFERRED FROM DDA AC# BRKRG AC# (PRN) REF:ADVISORY FEE FOR HAMPTON RE: HIGHBRIDGE INTRODUCTION Dec 26 Write Option - 4,530 BEAR STERNS OTC EUROPEAN CALL OPTION JAN 18 2002 @ 55 MGT NEW YORK REF # 2129445 WRITTEN OTC CALL TRADE DATE 12/20/01 Dec 26 Purchase Dec 27 Write Option 19,116.60 - 75,470 JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST BEAR STEARNS COMPANY OTC EUROPEAN CALL OPTION JAN 18 2002 @ 55.00 MGT NEW YORK REF # 8062185 WRITTEN OTC CALL TRADE DATE 12/21/01 Dec 27 Purchase 311,691.10 JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) SWEEP DEADLINE IS 4:30 PM EST - 311,691.10 - 19,116.60 311,691.10 Amount USD - 50,188.50 65,188.50 19,116.60 EFTA01557467 12 JPMorgan Chase Bank 2001 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio December 01, 2001 - December 31, 2001 Page 14 of 14 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 mpt Money Market Fund. EFTA01557468