10 Account Number: FINANCIAL TRUST COMPANY INC October 01, 2004 - October 31, 2004 JPMorgan Chase Bank 2004 345 Park Avenue, New York, NY 10154-1002 II3 JPMorgan Private Bank Asset Account Portfolio Page 42 of 74 N Zealand Dollar Activity by Date Settlement Date TYPa continued Gummy Deseaption Realized amount CleftVLoss USD Amount USD Oct 20 Fwd FX Ctrct 12,986,000 SETTLE FORWARD CURRENCY CONTRACT - 20,000,000.00 - 13,853,998.93 BUY USD SELL NZD CONTRACT RATE : 0.649300000 TRADE 9/10/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 11,798.500 SETTLE FORWARD CURRENCY CONTRACT 17,500,000.00 12,122,249.07 BUY NZO SELL USD CONTRACT RATE : 0.674200000 TRADE 9/30(04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 6,749,000 SETTLE FORWARD CURRENCY CONTRACT - 10,000,000.00 - 6,926,999.46 BUY USD SELL NZD CONTRACT RATE : 0.674900000 TRADE 10/06/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 5,095,500 SETTLE FORWARD CURRENCY CONTRACT - 7,500,000.00 - 5,195,249.60 BUY USD SELL NZD CONTRACT RATE : 0.679400000 TRADE 10/08/04 VALUE 10/20/04 Oct 21 Spot FX - 6,850,000 SPOT CURRENCY TRANSACTION -BUY 10,000,000.00 6,850,000.00 BUY NZD SELL USD SPOT RATE : 0.685000000 TRADE 10/19/04 VALUE 10/21/04 N ZEALAND DOLLAR U S DOLLAR Oct 21 Spot FX 6,870,000 SPOT CURRENCY TRANSACTION - SALE - 10,000,000.00 - 6,870,000.00 BUY USD SELL NZD SPOT RATE : 0.687000000 TRADE 10/19/04 VALUE 10/21/04 U S DOLLAR N ZEALAND DOLLAR Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00032805 SDNY_GM_00302003 EFTA01507728