07 12003 FINANCIAL TRUST COMPANY INC JPMorgan Private Bank Confidential Page 1 of 64 J.P. Morgan Portfolios July I - July 31, 2003 Table of Contents Account Summary 2 Asset Account Portfolio Q 30171-00-5 JPMCB 3 Margin Account Portfolio 161121381 JPMSI 62 000000 000000 0000 000 000000000 OCOCCO PB STATEMENTS QUALITY ASSURANCE TEAM 3/OPS3 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00030954 SDNY_GM_00300152 EFTA01505969