07 12004 Account Number: FINANCIAL TRUST COMPANY INC July 01, 2004 - July 31, 2004 JPMorgan Chase Bank 345 Park Avenue. New York. NY 10154-1002 JPMorgan Private Bank Asset Account Portfolio Page 27 of 65 Account Transactions by Currency Australia Dollar Activity Summary Amount tads whoa Amount to an Beginning Balance .00 Credits Sales, Maturities, Redemptions 10,000,000.00 Foreign Exchange 38,000,000 00 291,776,000.00 Debits Miscellaneous Disbursements - 276,000.00 Foreign Exchange - 38,000,000 00 - 301,500,000.00 Ending Balance .00 Foreign Exchange Gains/Losses -8,483.12 Australia Dollar Activity by Date Sommer'? Dare rypt Quantity Otstroptron Real/!s.% Amount GoirvLoSS USO Amount USD Jul 12 Jul 12 Spot FX FX Opt Asgn'D 7,225,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL AUD SPOT RATE : 0.722500000 TRADE 7/08104 VALUE 7/12/04 U S DOLLAR AUSTRALIA DOLLAR - 7,225,000 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION BUY AUD SELL USD TRADE 7/08/04 VALUE 7/12/04 - 10,000,000.00 10,000,000.00 - 7.225.000.00 7,276,961.14 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00032443 SDNY_GM_00301641 EFTA01507406