07 12003 FINANCIAL TRUST COMPANY INC JPMorgan Private Bank Confidential Page 1 of 14 J.P. Morgan Portfolios July I - July 31, 2003 Table of Contents Account Summary Asset Account Portfolio Margin Account Portfolio 000000 0000 00 0000 000 000000000 OCOCCO PB STATEMENTS QUALITY ASSURANCE TEAM 3/OPS3 JPMCB 3 JPMSI 10 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00037413 SDNY_GM_00306611 EFTA01511584