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 34 of 65 Account Transactions by Currency Japanese Yen Activity Summary Amount MS ATOM' P•1106 to wn Beginning Balance .00 Credits Foreign Exchange 518,050,000.00 Debits Foreign Exchange - 518,050,000.00 Ending Balance .00 Foreign Exchange Gains/Losses - 35,761.52 6,222,367,520.00 -6,222,367,520.0 Japanese Yen Activity by Date Serdement One TO* RIPMZOCI Quantity Description GaiivLoss ISSO Amount Amount USD Jul 14 Fwd FX Ctrct Jul 14 Spot FX 4,735,807.66 SETTLE FORWARD CURRENCY CONTRACT - 35,761.52 - 518,050,000.00 - 4,749,919.77 BUY USD SELL JPY CONTRACT RATE : 109.390000000 TRADE 6/10/04 VALUE 7114704 - 4,785,681.29 SPOT CURRENCY TRANSACTION BUY 518,050,000.00 4,785,681.29 BUY JPY SELL USD SPOT RATE : 108.250000000 TRADE 711204 VALUE 7/14/04 JAPANESE YEN U S DOLLAR Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00032450 SDNY_GM_00301648 EFTA01507410