09 JPMorgan Chase Bank 2004 345 Park Avenue, New York, NY 10154-1002 Account Number: FINANCIAL TRUST COMPANY INC Asset Account Portfolio September 01, 2004 - September 30, 2004 JPMorgan Private Bank Page 18 of 62 Foreign Exchange Contracts continued Settlement Trade Ome an Curren< Amount Counter Cunene Counter AMOUM Contract Rate Current Merkel Forward Rate Meet Value Receivables USD Market Value Pa yeWes USO Unrealized Giant oss USO Sep. 10 04 Oct. 20 04 GBP • 3,000,000 00 USD 5,349,000.00 1.783 1.806563 5,349,000.00 5,419,690.17 - 70,690.17 Sep. 21 04 Oct 20 04 GBP • 5,000,000 00 USD 8,971,000.00 1.7942 1.806563 8,971,000.00 9,032,816.95 - 61,816.95 Sep. 21 04 Oct. 20 04 GBP • 5,000,000 00 USD 8,976,000.00 1.7952 1.806563 8,976,000.00 9,032,816.95 - 56,816.95 Total Closed 0.00 338,700.00 46,781,324.07 46,442,624.07 338,700.00 HUNGARIAN FORINT - U S DOLLAR Apr 27 04 Oct 20 04 HUF 1O59.940.000.00 USD - 4,803.280 91 220.67 199.928785 5,301,587.75 4,803,280 91 498,306.84 Apr. 28 04 Oct 20 04 HUF 634,280,000.00 USD - 2.859.564 49 221.81 199.928785 3,172,529.65 2,859,564 49 312,965.16 Sep. 10 04 Oct. 20 04 HUF - 1,694,220,000.00 USD 8,159,017.57 207.65 199.928785 8,159,017.57 8,474,117.40 - 315,099.83 Total Closed 0.00 496,172.17 16,633,134.97 16,136,962.80 496,172.17 JAPANESE YEN - U S DOLLAR Apr. 16 04 Oct. 20 04 JPY 1,076,700,000.00 USD - 10,000,000.00 107.67 110.100984 9,779,204.19 10,000,000.00 - 220,795.81 May. 25 04 Oct. 20 04 JPY - 558,650,000.00 USD 5,000,000.00 111.73 110.100984 5,000,000.00 5,073,978.28 - 73,978.28 Sep. 10 04 Oct. 20 04 JPY • 1,072,250,000.00 USD 9,785,088.52 109.58 110.100984 9,785,088.52 9,738,786.75 46,301.77 Sep. 10 04 Oct. 20 04 JPY • 1,098,200,000.00 USD 10,000,000.00 109.82 110.100984 10,000,000.00 9,974,479.47 25,520.53 Sep. 22 04 Oct. 20 04 JPY 1,103,000,000.00 USD • 10,000,000.00 110.30 110.100984 10,018,075.81 10,000,000.00 18,075.81 Sep. 22 04 Oct. 20 04 JPY - 6,350,000.00 USD 57,460.86 110.51 110.100984 57,460.86 57,674.32 - 213.46 Sep. 27 04 Oct. 20 04 JPY • 3,450,000.00 USD 31,011.23 111.25 110.100984 31,011.23 31,334.86 - 323.63 Sep. 27 04 Oct 20 04 JPY - 10.850,000.00 USD 97.528 08 111.25 110.100984 97.528 08 98,545 89 - 1,017 81 Total Open - 570,050,000.00 4,971,088.69 44,768,368.69 44,974,799.57 - 206,430.88 MEXICAN NEW PESO - U S DOLLAR Sep. 24 04 Oct 20 04 MXN 57,307,500.00 USD - 5,000,000.00 11.4615 11.443145 5,008,020.07 5,000,000.00 8,020.07 N ZEALAND DOLLAR - U S DOLLAR Mar. 11 04 Mar. 15 05 NZD 5,000,000.00 USD - 3,102,500.00 0.6205 0.661913 3,309,565.88 3,102,500.00 207,065.88 Mar. 23 04 Mar. 15 05 NZD - 5,000,000.00 USD 3,170,500.00 0.6341 0.661913 3,170,500.00 3,309,565.88 - 139,065.88 Total Closed 0.00 68,000.00 6,480,065.88 6,412,065.88 68,000.00 Apr. 16 04 Oct 20 04 NZD 10,000,000.00 USD - 6,276,000.00 0.6276 0.674063 6,740,632.22 6,276,000.00 464,632.22 May. 27 04 Oct 20 04 NZD 5,000,000.00 USD - 3,127,000.00 0.6254 0.674063 3,370,316.11 3,127,000.00 243,316.11 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00032595 SDNY_GM_00301793 EFTA01507544