0 1 2004 Account NumberFINANCIAL TRUST COMPANY INC Portfolio Summary EaCea b' the Deposl Account (eleckd) end the cosh in your Asset Mo'.int which are mauve., deoCettS vote, JAWS none Otthe tneeflnenIS relayed ton Ms statement Of Wu( Asset Attain/ widuitnia mutual fund, We FDIC wiSvred a ben* depOSt13 Obtgat.CIS as Ouwanteed by JPVCa Or any oW Imo a via aff.Asfes (unless OThervose !Mc:sled) Sven searrioes end a itieSsIm901.9 ert saw< f 10 reestment risks. netud✓g poestde bas a the onnecal amOunt oveaid See •lmpstent Infonnation about )our JPSASI Brawn* Account" et the end olina Asset Account PolkAo JPMorgan Chase Bank 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio January 01, 2004 - January 31, 2004 JPMorgan Private Bank Page 4 of 53 Overview Cash & Short Term Equities Other Options Total Foreign Exchange Accrued Income Total Portfolio Value Market WU* USD an 3f MamM Value USD Dee 3$ Tar Cost USD Estimated Annual income USD Yield % 52,317,701.11 27,555,114.03 52,317,701.11 493,355 92 0.9 12,241,193.40 13,505,316.64 0.0 32,901,094.59 47,477,809.70 32,079,400.02 0.0 - 9,263.709 41 4,382,195.11 - 5,925,087.60 N/A N/A 88,196,279.69 92,920,435.48 78,472,013.53 493,355.92 0.6 421,685 06 1,615 219 80 25,981 76 16,460 75 88,843,948.51 94,552,116.03 Asset Allocation II 53% Cash and Short Term IM 13% Equities 34% Other Market value of Options is not included in pe chart. Income Summary Dividends Total This Period USD 16,460 75 16,460.75 Year to Dare USD' 16,460 75 16,460.75 Net Gain/Loss Summary Net Short Term Gain/Loss Net Long Term Gain/Loss Realized mis Pedal USD 3,680,730.93 Reined Marto Dens USD• 3,680,730.93 unrealized USD - 1,132,540.74 - 284 686.06 Total 3,680,730.93 3,680,730.93 - 1,417,226.80 'Year to date information is calculated on a calendar year basis. Exchange Rates Spot Rates as of January 31. 2004 Cunency AUD CHF EUR Exchange Rate 0.7611 1.2604 1.2423 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00031493 SDNY_GM_00300691 EFTA01506505