04 2005 FINANCIAL TRUST COMPANY INC Please find the enclosed Funds Availability Policy for your account. JPMorgan Private Bank Confidential Page 1 of 15 J.P. Morgan Portfolios April 1 - April 30, 2005 Table of Contents Per Account Summary 2 Asset Account Portfdio Q 30171-00-5 JPMCB 3 Margin Account Portfolio 161121381 JPMSI 13 000000 OCOO CO 0000 co 000000000 =COO FINANCIAL TRUST COMPANY INC ATTN: JEFFREY E EPSTEIN C/O AMERICAN YACHT HARBOR 6100 RED HOOK, QUARTERS #83 ST THOMAS 00802 US VIRGIN ISLDS Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00033257 SDNY_GM_00302455 EFTA01508100