12 2003 FINANCIAL TRUST COMPANY INC JPMorgan Private Bank Confidential Page 1 of 16 J.P. Morgan Portfolios December 1 - December 31, 2003 Table of Contents Page Account Summary 2 Asset Account Portfolio JPMCB 3 Margin Account Portfolio JPMSI 14 000000 0000 CO 0000 000 000000000 =COO FINANCIAL TRUST COMPANY INC ATTN: JEFFREY E EPSTEIN C/O AMERICAN YACHT HARBOR ST THOMAS 00802 US VIRGIN ISLDS Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00037470 SDNY_GM_00306668 EFTA01511640