05 I2003 Account Number: FINANCIAL TRUST COMPANY INC JPMorgan Chase Bank 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio May 01, 2003 - May 31, 2003 JPMorgan Private Bank Page 17 of 41 Foreign Exchange Contracts Statement nackt ar• at• Curnene continued Amount COunter Cunetne Counter ATOM( Conerice Rat• Gongt Märket nawate Rar• Merket Vati* Reeelvainee USD Merket value PO bin tASO Umeelften Ctuntoss USO Apr. 24 03 Dec. 15 03 NO K - 72,625,000.00 USD 10,000,000.00 7.2625 6.809336 10,000,000.00 10,665,504.36 - 665,504.36 May. 21 03 Dec. 15 03 NO K - 68.490.000.00 USD 10,000,000.00 6.849 6.809336 10,000,000.00 10,058,249.83 - 58,249.83 Total Open 204,530,250.00 - 25,691,539.78 127,708,516.91 123,163,452.78 4,545,064.13 N ZEALAND DOLLAR - U S DOLLAR Apr. 16 03 Oct 22 03 NZ D 20,000,000 00 USD - 10,936,000.00 0.5468 0.568399 11,367,978. 32 10,936,000 00 431,978.32 May. 8 03 Oct 22 03 NZ D 20,000,000 00 USD - 11,320,000.00 0.566 0.568399 11,367.978 32 11,320.000 00 47,978 32 Total Open 40,000,000.00 - 22,256,000.00 22,735,956.64 22,256,000.00 479,956.64 SWEDISH KRONA - U S DOLLAR Dec. 12 02 Dec. 15 03 SEK 45,757,500.00 USD - 5,000,000.00 9.1515 7.847314 5,830,976.10 5,000,000.00 830,976.10 Dec. 12 02 Dec. 15 03 SEK 45,617,500.00 USD - 5,000,000.00 9.1235 7.847314 5,813,135.60 5,000,000.00 813,135.60 Mar. 12 03 Dec. 15 03 SEK - 91,375,000.00 USD 10,621,294.90 8.603 7.847314 10,621,294.90 11,644,111.70 - 1,022,816.80 Total Closed 0.00 621,294.90 22,265,406.60 21,644,111.70 621,294.90 Total Foreign Exchange Contract♦ 458,572,356.63 447,866,957.03 10,705,399.60 Contidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00030633 SDNY_GM_00299831 EFTA01505651