O JPMorgan Chase Bank 7 I2004 345 Park Avenue. New York, NY 10154-1002 il3JPMorgan Private Bank Account Number: Asset Account Portfolio Page 37 of 65 FINANCIAL TRUST COMPANY INC July 01, 2004 - July 31, 2004 Account Transactions by Currency Pound Sterling Activity Summary Amount uses Period Amount lo oan Beginning Balance Credits .14 Sales, Maturities, Redemptions 13,000,000.00 Foreign Exchange 28,000,000 00 175,700,000.00 Debits Foreign Exchange - 28,000,000.00 -188,699,999.86 Ending Balance .14 Foreign Exchange Gains/Losses - 59,746.57 Pound Sterling Activity by Date Sorttomint On. TYPO Ouontny Description Roalgod GoirvLoss (SO Amount Amount USD Jul 14 Fwd FX Ctrct 14,679,200 SETTLE FORWARD CURRENCY CONTRACT - 32,190.06 - 8,000,000.00 - 14,847,809.94 BUY USD SELL GBP CONTRACT RATE : 1.834900000 TRADE 6/10/04 VALUE 7/14/04 Jul 14 Fwd FX Ctrct 5,455,800 SETTLE FORWARD CURRENCY CONTRACT - 12,071.27 - 3,000,000.00 - 5,567,928.73 BUY USD SELL GBP CONTRACT RATE : 1.818600000 TRADE 6/25/04 VALUE 7/14/04 Jul 14 Fwd FX Ctrct 3,658,200 SETTLE FORWARD CURRENCY CONTRACT - 8,047.52 - 2,000,000.00 - 3,711,952.48 BUY USD SELL GBP CONTRACT RATE : 1.829100000 TRADE 7/02/04 VALUE 7/14/04 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00032388 SDNY_GM_00301586 EFTA01507355