07 12003 Account Number FINANCIAL TRUST COMPANY INC July 01, 2003 - July 31, 2003 JPMorgan Chase Bank 345 Park Avenue. New York, NY 10154-1002 JPMorgan Private Bank Asset Account Portfolio Page 35 of 64 Euro Currency Activity by Date continued Statement Dare TYR< Ouannty Jul 18 Spot FX Jul 18 Spot FX Jul 24 Fwd FX Ctrct Jul 24 Fwd FX Ctrct Jul 24 Fwd FX duct 13,460,400 - 13,461,600 - 11,602,000 17,178,000 - 5,774,000 Description Realized thiliVLOSS USD Amount Amount USD SPOT CURRENCY TRANSACTION - SALE - 12,000,000.00 - 13,460,400.00 BUY USD SELL EUR SPOT RATE : 1.121700000 TRADE 7/17/03 VALUE 7/18/03 U S DOLLAR EURO PRINCIPAL CURRENCY SPOT CURRENCY TRANSACTION - BUY 12,000,000.00 13,461,600.00 BUY EUR SELL USD SPOT RATE : 1.121800000 TRADE 7/17/03 VALUE 7/18/03 EURO PRINCIPAL CURRENCY U S DOLLAR SETTLE FORWARD CURRENCY CONTRACT 10,000,000.00 11,485,012.05 BUY EUR SELL USD CONTRACT RATE : 1.160200000 TRADE 6/20/03 VALUE 7/24/03 SETTLE FORWARD CURRENCY CONTRACT 0.01 - 15,000,000.00 - 17,227,518.08 BUY USD SELL EUR CONTRACT RATE : 1.145200000 TRADE 6/24103 VALUE 7/24/03 SETTLE FORWARD CURRENCY CONTRACT 5,000,000.00 5,742,506.02 BUY EUR SELL USD CONTRACT RATE : 1.154800000 TRADE 7/01/03 VALUE 7/24/03 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00030859 SDNY_GM_00300057 EFTA01505874