01 12004 Account Number: 0 30171.00.5 FINANCIAL TRUST COMPANY INC January 01, 2004 - January 31, 2004 JPMorgan Chase Bank 345 Park Avenue. New York, NY 10154-1002 JPMorgan Private Bank Asset Account Portfolio Page 12 of 53 Deseripflon Cued. Amount Canter Currency Counter Premium Amount Currency Premium LOC& Premium USD Current larket Value USD Unrealized OfiltELOSS USD Foreign Exchange continued NZD PUT USD CALL NZD - 24,691,358.49 USD - 16,358,025.00 USD - 407,315.00 - 407,315.00 - 599,601.49 - 192,286.49 FX EUROPEAN STYLE OPTION OCT 18.2004 O .6625 KNOCK IN O .652 KNOCK OUT @ 6985 XNZDPA-CP-Z AUD PUT USD CALL AUD - 22,471,910.67 USD - 17,359,550.99 USD - 524,258.00 - 524,258.00 - 1,980,453.08 - 1,456,195.08 FX EUROPEAN STYLE OPTION OCT 18.2004 a .7725 KNOCK IN .7525 KNOCK OUT Q .7973 XAUDPA-CV-Z GBP PUT USD CALL GBP - 7,168,458.74 USD - 13,032257.99 USD - 301,045.00 - 301,045.00 - 367,167.52 - 66,122.52 FX EUROPEAN STYLE OPTION OCT 18. 2004 O 1.818 KNOCK IN TRIGGERED O 1.815 KNOCK OUT Q 1.8735 XGBPPA-GI-Z GBP PUT USD CALL GBP - 12,500,000 USD - 22,875,000.00 USD - 443,775.00 - 443,775.00 - 638,368.88 - 194,593.88 FX EUROPEAN STYLE OPTION JUL 16, 2004 C 1.83 KNOCK IN TRIGGERED 0 1.8165 KNOCK OUT O 1.8793 XGBPPA-GF-Z EUR PUT USD CALL EUR - 17,333,333.60 USD - 21,146,666.99 USD - 415,003.00 - 415,003.00 - 484,159.01 - 69,156.01 FX EUROPEAN STYLE OPTION JUL 16, 2004 O 1.22 XEURPA-12-2 NW PUT USD CALL NZD - 12,000,000 USD - 7,560,000.00 USD - 233,226.00 - 233,226.00 - 204,192.36 29,033.64 FX EUROPEAN STYLE OPTION OCT 19.2004 O .63 XNZDPA-CS-Z Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00031501 SDNY_GM_00300699 EFTA01506513