12 JPMorgan Chase Bank, N.A. 2004 345 Park Avenue. New York, NY 10154-1002 Account Number: FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2004 - December 31, 2004 JPMorgan Private Bank Page 17 of 43 Trade Settlement Cate Crate Counter Counter Currency Amount Currency Amount Contract Rate RevaittabOn Rate Contracted' Base Amount USD Revalued Amaral USD Realized Gannon USD Settled Foreign Exchange SPECULATIVE Contracts AUSTRALIA DOLLAR - U S DOLLAR Oct 27 04 Dec 904 AUD - 10,000,000.00 USD 7,421,000.00 0.742100 1.331027 7,421,000.00 - 7,512,998.42 - 91,998.42 Dec 204 Dec 904 AUD 10,000,000.00 USD - 7,782,000.00 0.778200 1.331027 - 7,782,000.00 7,512,998.42 - 269,001.58 EURO CURRENCY - NORWEGIAN KRONE Nov 804 Dec 10 04 EUR 5,000,000.00 NOK - 41,170,000.00 8.234000 1.322262 6,611,251.15 - 6,624,509.23 - 13,258.08 6.214800 Nov 8 04 Dec 10 04 EUR 5,000,000.00 NOK - 40,895,000.00 8.179000 1.322262 6,611,251.15 - 6,580,260.02 30,991.13 6.214800 Dec 804 Dec 10 04 EUR - 10,000,000.00 NOK 82,300,000.00 8.230000 1.322250 - 13,222,502.30 13,287,159.24 64,656.94 0.161440 POUND STERLING - JAPANESE YEN Oct 19 04 Dec 9 04 GBP 10,000,000.00 JPY 1,953,829,000 00 195.382900 1.913619 19,135,990.87 - 18,516,195.98 619,794.89 105.520000 Nov 10 04 Dec 904 GBP - 10,000,000.00 JPY 1,961,600,000.00 196.160000 1.913619 - 19,135,990.87 18,589,840.78 - 546,150.09 105.520000 POUND STERLING - U S DOLLAR Nov 29 04 Dec 904 GBP 10,000,000.00 USD - 18,914,000.00 1.891400 1.913599 - 18,914,000.00 19,135,990.87 221,990.87 Dec 304 Dec 904 GBP - 5,000,000.00 USD 9,704,000.00 1.940800 1.913599 9,704,000.00 - 9,567,995.43 136,004.57 Dec 304 Dec 904 GBP - 5,000,000.00 USD 9,682,000.00 1.936400 1.913599 9,682,000.00 - 9,567,995.43 114,004.57 JAPANESE YEN U S DOLLAR Nov 10 04 Dec 904 JPY - 7,771,000.00 USD 72,632.96 106.990000 105.520000 72,632.96 - 73,644.80 - 1,011.84 NORWEGIAN KRONE - U S DOLLAR Dec 804 Dec 10 04 NOK - 235,000.00 USD 37,937.49 6.194400 6.193950 37,937.49 - 37,940.25 - 2.76 N ZEALAND DOLLAR - U S DOLLAR Oct 25 04 Dec 904 NZD - 10,000,000.00 USD 6,973,000.00 0.697300 1.416832 6,973,000.00 - 7,057,999.81 - 84,999.81 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00033076 SDNY_GM_00302274 EFTA01507964