05 I2003 Account Number: FINANCIAL TRUST COMPANY INC May 01, 2003 - May 31, 2003 JP51orean Chase Bank 345 Park Avenue, New York, NY 10154-1002 JPMorgan Private Bank Asset Account Portfolio Page 16 of 41 Foreign Exchange Contracts continued Settlement Trade Dare Oats Currency Amount Counter Cuneney Counter ATWIll Contract Rate Current Merkel F0ONIWO Rate Merkel Value Receive Wet USD Merkel Value Payable* USO Unrealized Garn/LOSS USO POUND STERLING - U S DOLLAR Dec. 13 02 Dec. 15 03 GBP 5,000,000.00 USD - 7,770,500.00 1.5541 1.617982 8,089,912.27 7,770,500.00 319,412.27 JAPANESE YEN - U S DOLLAR Dec. 13 02 Dec. 15 03 JPY 1,186,500,000.00 USD - 10,000,000.00 118.65 118.808122 9,986,691.00 10,000,000.00 - 13,309.00 Jan. 23 03 Dec. 15 03 JPY - 1,186,500,000.00 USD 10,171,453.06 116.65 118.808122 10,171,453O6 9,986,691.00 184,762.06 Total Closed 0.00 171,453.06 20,158,144.06 19,986,691.00 171,453.06 May. 15 03 Jun. 19 03 JPY 576,400,000.00 USD - 5,000,000.00 115.28 119.518865 4,822,669.63 5,000,000.00 - 177,330.37 May. 15 03 Jun. 19 03 JPY 1,154,000,000.00 USD - 10,000,000.00 115.40 119.518865 9,655,379.52 10,000,000.00 - 344,620.48 Total Open 1,730,400,000.00 - 15,000,000.00 14,478,049.15 15,000,000.00 - 521,950.85 Total 1,730,400,000.00 - 14,828,546.94 34,636,193.21 34,986,691.00 - 350,497.79 NORWEGIAN KRONE - U S DOLLAR Apr. 30 03 Jun. 5 03 NOK 70,220,000.00 USD - 10,000,000.00 7.022 6.696000 10,486,858.43 10,000,000.00 486,858.43 May. 16 03 Jun. 503 NOK • 34,062,500.00 USD 5,000,000.00 6.8125 6.696000 5,000,000.00 5,086,992.53 - 86,992.53 May. 27 03 Jun. 503 NOK • 19,903,500.00 USD 3,000,000.00 6.6345 6.696000 3,000,000.00 2,972,446.41 27,553.59 Dec. 30 02 Jun. 12 03 NOK 71,125,000.00 USD • 10,000,000.00 7.1125 6.700759 10,614,468.68 10,000,000.00 614,468.68 Jan. 16 03 Jun. 12 03 NOK 34,750,000.00 USD - 5,000,000.00 6.95 6.700759 5,185,979.42 5,000,000.00 185,979.42 May. 15 03 Jun. 12 03 NOK 29,111,250.00 USD - 4,226,924.25 6.8871 6.700759 4,344,470.31 4,226,924.25 117,546.06 May. 19 03 Jun. 12 03 NOK - 67,975,000.00 USD 10,000,000.00 6.7975 6.700759 10,000,000.00 10,144,372.70 - 144,372.70 Dec. 11 02 Dec. 15 03 NOK 73,135,000.00 USD - 9,616,699.53 7.605 6.809336 10,740,401.54 9,616,699.53 1,123,702.01 Dec. 11 02 Dec. 15 03 NOK 38,025,000.00 USD - 5,000,000.00 7.605 6.809336 5,584,245.14 5,000,000.00 584,245.14 Dec. 12 02 Dec. 15 03 NOK 37,560,000.00 USD - 5,000,000.00 7.512 6.809336 5,515,956.54 5,000,000.00 515,956.54 Dec. 12 02 Dec. 15 03 NOK 37,465,000.00 USD - 5,000,000.00 7.493 6.809336 5,502,005.11 5,000,000.00 502,005.11 Dec. 13 02 Dec. 15 03 NOK 74,370,000.00 USD - 9,962,491.63 7.465 6.809336 10,921,770.18 9,962,491.63 959,278.55 Dec. 13 02 Dec. 15 03 NOK 37275,000.00 USD - 5,000,000.00 7.455 6.809336 5,474,102.24 5,000,000.00 474,102.24 Dec. 13 02 Dec. 15 03 NOK 36,350,000.00 USD - 4,885,424.37 7.4405 6.809336 5,338,259.32 4,885,424.37 452,834.95 Jan. 15 03 Dec. 15 03 NOK - 71,800,000.00 USD 10,000,000.00 7.18 6.809336 10,000,000.00 10,544,347.17 - 544,347.17 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00030591 SDNY_GM_00299789 EFTA01505609