11 12003 Account Number FINANCIAL TRUST COMPANY INC November 01, 2003 - November 30, 2003 JPMorgan Chase Bank 345 Park Avenue. New York, NY 10154-1002 JPMorgan Private Bank Asset Account Portfolio Page 37 of 59 Pound Sterling Activity by Date continued Settlement Date TYR. Quantity Nov 20 Fwd FX Ctrct Nov 20 Fwd FX Ctrct Nov 20 Fwd FX Ctrct Nov 21 Spot FX Nov 21 Purchase 7,804,450.95 8,450,408.90 - 16,088,499.46 - 5,099,400 3,000,000 Desenption Realized Gmatose USD Amount Amount USD SETTLE FORWARD CURRENCY CONTRACT - 0.01 - 5,000,000.00 - 8,518,613.16 BUY USD SELL GBP CONTRACT RATE : 1.560890200 TRADE 9/04/03 VALUE 11/20/03 SETTLE FORWARD CURRENCY CONTRACT - 5,000,000.00 - 8,518,613.16 BUY USD SELL GBP CONTRACT RATE : 1.690081800 TRADE 10/24/03 VALUE 11/20/03 SETTLE FORWARD CURRENCY CONTRACT 10,000,000.00 17,037,226.33 BUY GBP SELL USD CONTRACT RATE : 1.608850000 TRADE 7/2503 VALUE 11/20/03 SPOT CURRENCY TRANSACTION - BUY 3,000,000.00 5,099,400.00 BUY GBP SELL USD SPOT RATE : 1.699800000 TRADE 11/19/03 VALUE 11/21/03 POUND STERLING U S DOLLAR 3 MONTH GBP BULLISH FX DEPOSIT - 3,000,000.00 - 5,099,400.00 100% PRINCIPAL PROTECTED IN GBP JPMORGAN CHASE LONDON 02/19/2004 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00031318 SDNY_GM_00300516 EFTA01506330