11 IMO 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 35 of 61 Norwegian Krone Activity by Date continued Settlement Date type Quantity Deacaption RMI,ieO amount Gam Loss USD Amount USD Nov 20 Fwd FX Ctrct 9,991,615.61 SETTLE FORWARD CURRENCY CONTRACT - 68,490,000.00 - 9,986,148.57 BUY USD SELL NOK CONTRACT RATE : 6.854747300 TRADE 5/21103 VALUE 11/20/03 Nov 20 Fwd FX Ctrct - 4,995,807.81 SETTLE FORWARD CURRENCY CONTRACT 37,560,000.00 5,476,416.12 BUY NOK SELL USD CONTRACT RATE : 7.518303600 TRADE 12/12/02 VALUE 11/20/03 Nov 20 Fwd FX Ctrct 1,510,014.50 SETTLE FORWARD CURRENCY CONTRACT - 10,754,280.00 - 1,568,022.16 BUY USD SELL NOK CONTRACT RATE : 7.121971300 TRADE 9/23/03 VALUE 11/20/03 Nov 20 Fwd FX Ctrct 4,995,807.81 SETTLE FORWARD CURRENCY CONTRACT - 35,412,500.00 - 5,163,301.01 BUY USD SELL NOK CONTRACT RATE : 7.088443200 TRADE 9/23/03 VALUE 11/20/03 Nov 20 Fwd FX Ctrct - 9,954,138.69 SETTLE FORWARD CURRENCY CONTRACT 74,370,000.00 10,843,478.89 BUY NOK SELL USD CONTRACT RATE : 7.471264200 TRADE 12/13/02 VALUE 11/20/03 Nov 20 Fwd FX Ctrct - 4,995,807.81 SETTLE FORWARD CURRENCY CONTRACT 37,275,000.00 5,434,861.85 BUY NOK SELL USD CONTRACT RATE : 7.461255800 TRADE 12/13/02 VALUE 11/20/03 Nov 20 Fwd FX Ctrct - 4,881,328.24 SETTLE FORWARD CURRENCY CONTRACT 36,350,000.00 5,299,992.70 BUY NOK SELL USD CONTRACT RATE : 7.446743600 TRADE 12/13/02 VALUE 11/20/03 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00031375 SDNY_GM_00300573 EFTA01506387