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 II3JPMorgan Private Bank Asset Account Portfolio Page 14 of 74 E•changcAsied oatens ace vetoed using market poses at the closed business to statement dale Oveclhe-Counfev (OTC)optons are vowed e: M4 Markel orgess otherwise agreed See: Important Information about Pricing and Valuations. important Olonnanon about Pricing and ValuatIon$ Rtes seer* a went/ran s provided by svt,n3 senoCes Or Otter Spotty olIK31 deerriteMb. We rot gLevarteed Sy scanty a as refignble rah.] Valyabons ♦over-the<ounler dOnviiNve tran.sattons inoludrog tartan demurer...0;49W depose predist2s. have been prepared on a nal-market ban Masa vaiLuSIOns are irate:tee vates as Of :he Cbse abUStrISSS a the date a the ailfenlent and incept as abacus° agreed 'unto?. these raluatorks do cot represent the actual forms at *Poch transachons a swathes could be boogie a sold a new transact ons could be envied wito a the act al terms on el en Mahn; bonier:bonscc securest tout' be Aqueleled as of the dale of Mc statement Ms do not narrate the co/Veto/ins a accuracy These veAratenS are dewed :born prOptiOtary mote band upon wolf rccognced baanoalprinoplos are no nave. "then necessary to catutat e the present value of future cash (Ions made reasonable osterat0S about relevant Seise market sonata's vokagons based on *the metier a different emu, tees may paid daYsitent issues Slogan empress, &totems any einpanSth'WY la (1) me accuracy of the rncaos a interaS used n dinewp the vaianons (7)any woes a OTISVOOtt Corrpohng a clarrinieing me valuotons and (J) My uses to whch the vatatoons se put vetietions are provided to rnerrnet.On purposes only and are intended solely (a you own us* Reese vela to the bade 000tometyon for o'ersis of each tronsochon Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00032851 SDNY_GM_00302049 EFTA01507769