EFTA01506621.pdf

02 2004 JPMorgan Chase Bank 345 Park Avenue. New York. NY 10154-1002 II3 JPMorgan Private Bank Account Number: Asset Account Portfolio Page 14 of 58 FINANCIAL TRUST COMPANY INC February 01, 2004 - February 29. 2004 E•chanocAsted *peons -e valued using market poses at Se ober d business la statement dale Over.The-Counfev (OTC)optons are raked e1144 Markel eta cthervose agreed See: Important Information about Pricing and Valuations. important Olonnanon about Pricing and Valuatten$ Roes scene a wench ans provided by sv&n3 301otes 0' Oteier Spotty *hem deerriteMb. we rot guivarteed la scanty a as redgiable rah.] 1laloabons oveothe.counler denvatnie transetrons ,nacho tartan denvathes.roMaled depose pntdist2s. have been prepared on a md.market ban Then valuations afeirdiCePee vaties as CI:he dOse abuavMns 01the date a (he statement and incept as anersoa agreed WI ..manly these valuate', do cot represent the actual Isms at *neon transachons a socunnos could Pe tough: a sold a new transact ons could be enta'ed mlo a the act al terms On raven 0°SPA; transactionsa securest tout' be Aqueleled as of the dale of IThs statement nee do oat natrant thew COnplalenOSS a accuracy These vMmtons are dewed from pop/rotary models based upon wolf recognced Anenoalennoplos and no have. "then necessary to cmulate Ito present value of Mute cash thas made reasonable *senate, about *avant future market sonata's VM.e/ons based on the rnalohY a different emu, tees may paid ditY0fOnt IOWA'S Slogan empress!), &whims any respenSe,WY la (1) the accuracy of the meters a interaS used n denng the vaianons (7) any wets a OTISVOOtt corrpohng a clarrinieing The vatiaton1 and (J) My uses to who-h the vatatons ate pat I/Mations we prodded la OtOrMaton purposes only and On enJanskci solely (a you own use Reese refer to the trade oon(rmatson for aOrsis of each transaction Confidential Treatment Requested by JPMorgan JPM-SDNY-00031609 Chase CONFIDENTIAL SDNY_GM_00300807 EFTA01506621