12 2001 Account Number FINANCIAL TRUST COMPANY, INC. December 01. 2001 - December 31, 2001 JPMorgan Chase Bank 345 Park As enue, New York, NY 10154-10112 1 ''JPMorgan Private Bank Asset Account Portfolio Page 8 of In:porton( Informat4on 'heal PICINI and Valuations Poces some d who, are provided by preing serinCes a other sources shsch no dean nektbse we not ow/anted kri et-curacy a as reeAzable values Yetis:on, on+ 1.rtecounter denvaNe Panzachons =Wm° eaten derrvatNes.etaled *post products have been prepived on a and -market baus These valuebons we mchGeterc voles as of the close o twsness of be date d this statement and ...Cep: as abet. ae agreed .n "wiry. these valuatOns do nor represent the atbal Wins at elm") Peruse:Ana a 'Bevil*. could be bought a sold a nen Sensachiam tout, be entered nib a the actual teems On nrtCh eostav fransaCtOns a 'Peat:vs 0,c4:1 be Agudated as of Me date of ton statement We do not aafrant Met COrnriknianns a ateriaey These veliatiOns a9 devared frOm prOateary m:da based upon we.vraogneed Martial atropin and ne here. when neausary to calculate few present rake Of future cash fbns made reasonable Bs:metes abOut relevant future fro,Yet Concblanit Valuations based On dna male4 a del erent aSsiorptons may red different 11.91/43 Morgan e soressty dd.:tarns any respOn9ttily for (1) the aCturaCy01 tne mede's a eilnites used in den 'WV the vatabOn9 (2) any Gros a Ormas+003 on COnnifing a dtssemoabng the vekabOns and (3) any uses :OW nen lne yakiabOns are put Veliabons are prOeded fa tnbrmebOn poi pas Only 114 eV Wended solely (a your a. use Reese 'Vet SO the track. COdireMkin rOr dowse/Baal banSactOn Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00037148 SDNY_GM_00306346 EFTA01511326