07 2004 Confidential FINANCIAL TRUST COMPANY INC Page 1 of 65 J.P. Morgan Portfolios July 1 - July 31, 2004 Table of Contents Page Account Summary Asset Account Portfolio Margin Account Portfolio u oBi91 B9 S JPMCB JPMSI 2 3 63 000000.0000.00.0000.000.000000000.000000 FINANCIAL TRUST COMPANY INC ATTN: JEFFREY E EPSTEIN C/O AMERICAN YACHT HARBOR 6100 RED HOOK, QUARTERS 153 ST THOMAS 00802 US VIRGIN ISLDS EFTA01553998

07 2004 FINANCIAL TRUST COMPANY INC Portfolio Summary July 01, 2004 - July 31, 2004 Page 2 of 65 Portfolio Summary Net Worth Summary Asset Portfolio USD Q 30171-00-5 Assets(Long) Cash S Short Term Equities Other Options Liabilities (Short) Other Options Total FX Gain/Loss Accrued Income Total Net Worth Income Summary Dividends Total 87,613,570.58 68,151,001.78 11,469,856.44 7,798,596.30 194,116.06 - 5,825,023.08 - 3,082,491.70 - 2,742,531.38 81,788,547.50 1,646,571.77 67,138.83 83,502,258.10 Margin Portfolio USD 161121381 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 .00 0.00 0.00 87,613,570.58 68,151,001.78 11,469,856.44 7,798,596.30 194,116.06 - 5,825,023.08 - 3,082,491.70 - 2,742,531.38 81,788,547.50 1,646,571.77 67,138.83 83,502,258.10 This Period 61,065.98 61,065.98 Year to Date 243,798.98 243,798.98 JPMorgan provides this Portfolio Summary for informational purposes. This summary includes informati on about assets held at JPMCB and JPMSI in accounts listed on the front page. Securities are not bank deposits or FDIC insured, are not obligations of or guaranteed by JPMCB or a ny of its bank of thrift affiliates (unless otherwise indicated), and are subject to investment risks, including possible loss of the pr incipal amount invested. Assets held in custody by JPMCB are not protected under the Securities Investor Protection Corporati EFTA01553999

on ("SIPC") insurance. Total USD EFTA01554000

07 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 3 of 65 Asset Account Portfolio July 1 - July 31, 2004 Table of Contents Portfolio Summary Cash and Short Term Equities Equity Research Ratings Other Options Outstanding Foreign Exchange Contracts Trade Activity Account Transactions Account Officers D'ORAZIO/HORNAK Page 4 6 7 8 9 11 15 19 27 EFTA01554001

07 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 4 of 65 Overview Current Portfolio Summary Except for the Deposit Account (if elected), and the cash in your Asset Account, which are insured deposits with JPMCB, none of the investments referred to in this statement of your Asset Account, including mutual funds, are FDIC insured or bank deposits, obligations of or guaranteed by JPMCB or any of its bank or thrift affiliates (unless otherwise indicated). Such securities and other investments are subject to investment risks, including possible loss of the principal amount invested. See "Important Information about your JPMSI Brokerage Account" at the end of this Asset Account Portfolio. Asset Allocation 80% Cash and Short Term 14% Equities 6% Other Cash s Short Term Equities Other Options Total Foreign Exchange Accrued Income Total Portfolio Value Market Value USD Jul 31 68,151,001.78 11,469,856.44 4,716,104.60 - 2,548,415.32 81,788,547.50 1,646,571.77 67,138.83 83,502,258.10 Income Summary Dividends Total Net Gain/Loss Summary Net Short Term Gain/Loss Net Long Term Gain/Loss Total Prior Period Market Value USD Jun 30 71,198,158.97 12,786,822.60 7,358,553.39 - 2,621,321.71 88,722,213.25 - 89,821.95 61,065.98 88,693,457.28 This Period USD 61,065.98 61,065.98 Year to Date USD* 243,798.98 243,798.98 Tax Cost USD 68,151,001.78 8,003,201.28 - 592,759.31 75,561,443.75 Estimated Annual Income USD 822,582.58 Yield 1.2 0.0 EFTA01554002

0.0 822,582.58 N/A N/A 1.0 Realized This Period USD Realized Year to Date USD* - 611,458.58 - 611,458.58 Unrealized USD 6,853,270.77 - 1,848,626.42 - 311,634.56 6,853,270.77 - 2,160,260.98 •Year to date information is calculated on a calendar year basis. Exchange Rates Spot Rates as of July 31, 2004 Market value of Options is not included in pie chart. Currency AUD CHF Exchange Rate 0.7003 1.2794 EFTA01554003

07 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 5 of 65 Exchange Rates Spot Rates as of July 31, 2004 Currency EUR GBP HKD HUF JPY NZD THB TWD Exchange Rate 1.2039 1.8185 7.7998 206.4239 111.4550 0.6338 41.3200 33.9900 EFTA01554004

07 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 6 of 65 Cash and Short Term Summary by Maturity Current Market Value USD Cash Total 68,151,001.78 68,151,001.78 Estimated Annual Income USD 822,582.58 822,582.58 Current yield is displayed for instruments with no maturity and YTM on market is displayed for instr uments that mature. Cash and Short Term by Type Description Cusip/S&P/Moody's Rating Cash JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 7-Day Annualized Yield: 1.20% POUND STERLING Total Cash USD 68,151,001.53 1.00 1.00 68,151,001.53 68,151,001.53 67,138.83 GBP 0.14 1.785714 0.25 68,151,001.78 0.25 68,151,001.78 67,138.83 822,582.58 1.21 CurrenCy/ Unit Cost Adjusted Account Type Quantity Original Market Price Tax Cost Adjusted Original Market Value USD Accrued Interest USD Unrealized Gain/Loss USD Estimated Current Annual Yield/ Income USD YTM % Current N/A 822,582.58 1.21 EFTA01554005

07 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 7 of 65 Equities Independent, third party research selected by an Independent Consultant for certain companies covere d by JPMorgan Securities, Inc. is available to clients of JPMSI at no cost. Clients can access this research at www.privateclient.jpmorgan.com or can call their JPMorgan representative at their toll free number t o request that a copy of this research be sent to them. When JPMorgan drops coverage of a company, independent resear ch will continue to be provided for an 18-month period, when available. Refer to Equity Research Ratings sec tion for research ratings on client holdings, if applicable. Note: C indicates Equity covered by JPMSI. Equity Holdings in Alphabetical Order Description Cusip/Symbol CurrenCyi Account Type Quantity Unit Cost Current Market Price Tax Cost Current Market Value USD USD Accrued Dividends USD Unrealized Gain/Loss USD Annual Dividend Income USD Yield % Estimated C TOO INC 890333-10-7 TOO 765,678 are liened USD Total Equity 765,678 765,678 14.98 11,469,856.44 11,469,856.44 N/A 0.00 N/A 0.0 EFTA01554006

07 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 8 of 65 Equity Research Ratings Independent, third party research is available for 18 months after JPMorgan Securities, Inc. termina tes coverage. Clients can access this research at www.privateclient.jpmorgan.com or can call their JPMorgan representative at their toll free number to request that a copy of this research be sent to them. Equity Research Ratings for any comp any where JPMSI has terminated coverage are excluded below. For explanation of JPMSI ratings, see disclaimer section at end of statement. For third party ratings systems, see specific third party research at www.privateclient.j pmorgan.com. Equity Holdings in Alphabetical Order Description/Ticker TOO INC TOO Ratings JPMSI: NEUTRAL MRNGSTAR: 3 stars EFTA01554007

07 Other Swaps in Alphabetical Order Description WALT DISNEY CO EQUITY SWAP 24,954,900 USD NOTIONAL JAN 19 2005 DEAL REF t 2353480 SWPBDA-FL-1 N/0 Client WALT DISNEY CO TOTAL RETURN SWAP 11,920,650 USD NOTIONAL FEB 14 2005 DEAL REF t 2361214 SWPBDA-FV-9 N/0 Client CROSS CURRENCY SWAP 10MM NZD NOTIONAL 6.51MM USD NOTIONAL 3/9/2014 REC: FIXED RATE 6.26% NZD SEMI-ANNUAL PAY: FLOATING RATE USD 3 MONTH LIBOR QUARTERLY SWPBDA-HA-3 N/0 Client - 323,443.00 - 450,006.85 Trade Date Maturity Date Estimated Value USD - 1,857,687.85 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 9 of 65 EFTA01554008

07 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 10 of 65 Swaps in Alphabetical Order Description continued Trade Date CROSS CURRENCY SWAP 10MM AUD NOTIONAL 7.41MM USD NOTIONAL 3/9/2014 REC: FIXED RATE 5.84% AUD SEMI-ANNUAL PAY: FLOATING RATE USD 3 MONTH LIBOR QUARTERLY SWPBDA-HB-1 N/O Client Structured Investments in Alphabetical Order Description 6 MONTH CHF LINKED STRUCTURE 100% PRINCIPAL PROTECTED IN CHF JPMORGAN LONDON 12/6/2004 638998-9A-4 Bearer Total Other Maturity Date Estimated Value USD - 451,354.00 Market Value USD Unrealized Estimated Annual Currency CHF Quantity 10,000,000 Unit Cost 100.00 PriCe/Unit 99.7712 Tax Cost 8,003,201.28 Accrued Income USD Gain/Loss USD 7,798,596.30 - 204,604.98 Income USD Yield % N/A 10,000,000 8,003,201.28 4,716,104.60 - 204,604.98 EFTA01554009

07 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 11 of 65 Options Foreign Exchange Description Cusip HUF PUT USD CALL FX EUROPEAN STYLE OPTION SEP 16, 2004 @ 212. KNOCK IN @ 220 XHUFPA-AJ-Z JPY PUT USD CALL FX EUROPEAN STYLE OPTION NOV 04, 2004 @ 111. KNOCK IN TRIGGERED @ 112.5 KNOCK OUT @ 106.25 XJPYPA-JW-Z EUR PUT USD CALL FX EUROPEAN STYLE OPTION DEC 06, 2004 @ 1.1 XEURPA-OP-Z AUD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .69 KNOCK IN TRIGGERED @ .7250 KNOCK OUT @ .65 XAUDCA-CD-Z AUD PUT USD CALL FX EUROPEAN STYLE OPTION APR 04, 2005 @ .7075 KNOCK OUT @ .7365 XAUDPA-DS-Z AUD - 20,000,000 USD - 14,150,000.00 USD - 458,460.00 - 458,460.00 - 649,078.00 - 190,618.00 AUD - 5,000,000 USD - 3,450,000.00 USD - 62,445.00 - 62,445.00 - 101,026.20 - 38,581.20 EUR 20,000,000 USD 22,000,000.00 USD 96,800.00 96,800.00 55,612.40 - 41,187.60 JPY -1,110,000,000 USD - 10,000,000.00 USD - 138,000.00 - 138,000.00 - 179,464.80 - 41,464.80 Counter Amount Currency Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD HUF -1,060,000,000 USD - 5,000,000.00 USD - 265,000.00 - 265,000.00 - 59,635.60 205,364.40 EFTA01554010

EFTA01554011

07 Cusip JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 12 of 65 Foreign Exchange Description NZD PUT USD CALL FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .65 KNOCK IN TRIGGERED @ .635 KNOCK OUT @ .68 XNZDPA-DY-Z HKD PUT USD CALL FX EUROPEAN STYLE OPTION SEP 23, 2004 @ 7.833 XHKDPA-AH-Z EUR CALL USD PUT FX EUROPEAN STYLE OPTION NOV 01, 2004 @ 1.3 KNOCK OUT @ 1.1375 KNOCK OUT @ 1.21 BARRIER EXP 12/1/03 XEURCA-TQ-Z AUD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 11, 2004 @ .7775 KNOCK IN TRIGGERED @ .7565 KNOCK OUT @ .8020 XAUDPA-CQ-Z NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .68 KNOCK IN TRIGGERED @ .6625 XNZDPA-DC-Z NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .68 KNOCK IN TRIGGERED @ .6625 XNZDPA-DB-Z NZD - 1,986,500 USD - 1,350,820.00 USD - 61,192.17 - 61,192.17 - 115,311.60 - 54,119.43 NZD - 14,450,000 USD - 9,826,000.00 USD - 407,779.00 - 407,779.00 - 838,787.96 - 431,008.96 AUD - 4,000,000 USD - 3,110,000.00 USD - 106,673.20 - 106,673.20 - 330,419.72 - 223,746.52 EUR 10,000,000 USD 13,000,000.00 USD 56,447.00 56,447.00 92,730.80 36,283.80 HKD 156,660,000 USD 20,000,000.00 USD 312,280.00 312,280.00 645.44 - 311,634.56 Counter Amount Currency continued NZD - 10,000,000 USD - 6,500,000.00 USD - 244,400.00 - 244,400.00 - 350,772.30 EFTA01554012

- 106,372.30 Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01554013

07 Cusip JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 13 of 65 Foreign Exchange Description AUD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .77 KNOCK IN @ TRIGGERED @ .755 KNOCK OUT @ .7965 XAUDPA-DH-2 THB CALL USD PUT FX EUROPEAN STYLE OPTION FEB 23, 2005 @ 36. XTHBCA-AC-2 THB CALL USD PUT FX EUROPEAN STYLE OPTION FEB 23, 2005 @ 38. XTHECA-AB-2 TWD CALL USD PUT FX EUROPEAN STYLE OPTION MAR 01, 2005 @ 32.75 XTWDCA-AB-2 Total Foreign Exchange Exchange-listed options are valued using market prices at the close of business for statement date. Over-The-Counter (OTC) options are valued at Mid-Market, unless otherwise agreed. See: Important Information about Pricing and Valuations. - 592,759.31 - 2,548,415.32 - 1,955,656.00 TWD 327,500,000 USD 10,000,000.00 USD 196,000.00 196,000.00 36,201.85 - 159,798.15 THB 351,500,000 USD 9,250,000.00 USD 108,225.00 108,225.00 6,576.57 - 101,648.43 THB 2,700,000,000 USD 75,000,000.00 USD 405,000.00 405,000.00 2,349.00 - 402,651.00 Counter Amount Currency continued AUD - 1,500,000 USD - 1,155,000.00 USD - 23,561.94 - 23,561.94 - 118,035.20 - 94,473.26 Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01554014

07 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 14 of 65 Important Information about Pricing and Valuations Prices, some of which are provided by pricing services or other sources which we deem reliable, are not guaranteed for accuracy or as realizable values. Valuations of over-the-counter derivative transactions, including certain derivatives-related deposi t products, have been prepared on a mid-market basis. These valuations are indicative values as of t he close of business of the date of this statement and, except as otherwise agreed in writing, these valuations do not represent the actual terms at wh ich transactions or securities could be bought or sold or new transactions could be entered into, or the actual terms on which existing transactions or securities could be liquidated as of the date of this statement. We do not warrant their completenes s or accuracy. These valuations are derived from proprietary models based upon well recognized finan vial principles and we have, when necessary to calculate the present value of future cash flows, made reasonable estimates about relevant future ma rket conditions. Valuations based on other models or different assumptions may yield different resul ts. Morgan expressly disclaims any responsibility for (1) the accuracy of the models or estimates used in deriving the valuations, (2) any errors or o missions in computing or disseminating the valuations, and (3) any uses to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. Please refer to the trade confirmation for d etails of each transaction. EFTA01554015

07 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 15 of 65 Outstanding Foreign Exchange Contracts Net Currency Exposure Summary Value in Currency Australia Dollar Hungarian Forint N Zealand Dollar U S Dollar - 10,000,000.00 1,694,220,000.00 - 20,000,000.00 13,502,155.82 Gain/Loss Summary Total Unrealized Closed Value in USD Total Unrealized Open Total Unrealized Gain/Loss - 87,246.50 1,733,818.27 1,646,571.77 Foreign Exchange Contracts Settlement Date Trade Date SPECULATIVE AUSTRALIA DOLLAR - U S DOLLAR Feb. 20 04 Aug. 24 04 AUD Feb. 20 04 Aug. 24 04 AUD Mar. 1 04 Aug. 24 04 AUD Jul. 7 04 Sep. 9 04 AUD Jul. 8 04 Sep. 9 04 AUD Total Closed Jul. 9 04 Aug. 13 04 AUD Jul. 12 04 Sep. 14 04 AUD Apr. 16 04 Oct. 20 04 AUD Apr. 23 04 Oct. 20 04 AUD Total Open Total 7,500,000.00 USD 7,500,000.00 USD - 15,000,000.00 USD - 10,000,000.00 USD 10,000,000.00 USD 0.00 - 10,000,000.00 USD - 13,000,000.00 USD 10,000,000.00 USD 3,000,000.00 USD - 10,000,000.00 - 10,000,000.00 - 5,676,750.00 - 5,639,250.00 11,347,500.00 7,166,000.00 - 7,180,000.00 17,500.00 7,197,000.00 9,361,300.00 - 7,289,000.00 - 2,148,600.00 7,120,700.00 7,138,200.00 0.7569 0.7519 0.7565 0.7166 0.718 0.7197 0.7201 0.7289 0.7162 EFTA01554016

0.698264 0.698264 0.698264 0.697088 0.697088 0.699188 0.696752 0.694292 0.694292 5,236,980.06 5,236,980.06 11,347,500.00 7,166,000.00 6,970,883.15 35,958,343.27 7,197,000.00 9,361,300.00 6,942,924.82 2,082,877.44 25,584,102.26 61,542,445.53 5,676,750.00 5,639,250.00 10,473,960.12 6,970,883.15 7,180,000.00 35,940,843.27 6,991,880.55 9,057,782.26 7,289,000.00 2,148,600.00 25,487,262.81 61,428,106.08 - 439,769.94 - 402,269.94 873,539.88 195,116.85 - 209,116.85 17,500.00 205,119.45 303,517.74 - 346,075.18 - 65,722.56 96,839.45 114,339.45 Currency Amount Counter Currency Counter Amount Contract Rate Current Market Forward Rate Market Value Receivables USD Market Value Payables USD Unrealized Gain/Loss USD EFTA01554017

07 Trade Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 16 of 65 Foreign Exchange Contracts Settlement Date Currency EURO CURRENCY - U S DOLLAR Jul. 29 04 Aug. 3 04 EUR Jul. 30 04 Aug. 3 04 EUR May. 17 04 Aug. 6 04 EUR May. 27 04 Aug. 6 04 EUR Feb. 20 04 Aug. 24 04 EUR Mar. 1 04 Aug. 24 04 EUR Apr. 16 04 Oct. 20 04 EUR Apr. 23 04 Oct. 20 04 EUR May. 3 04 Oct. 20 04 EUR May. 11 04 Oct. 20 04 EUR May. 17 04 Oct. 20 04 EUR Total Closed continued Amount Counter Currency Counter Amount Contract Rate Current Market Forward Rate Market Value Receivables USD Market Value Payables USD Unrealized Gain/Loss USD - 10,000,000.00 USD 10,000,000.00 USD - 5,000,000.00 USD 5,000,000.00 USD 7,500,000.00 USD - 7,500,000.00 USD 10,000,000.00 USD 3,000,000.00 USD - 10,000,000.00 USD - 1,500,000.00 USD - 1,500,000.00 USD 0.00 12,086,000.00 - 12,053,000.00 5,993,500.00 - 6,127,000.00 - 9,395,250.00 9,287,250.00 - 11,971,000.00 - 3,536,700.00 11,883,000.00 1,766,100.00 1,796,100.00 - 271,000.00 POUND Jul. Jul. Feb. Mar. STERLING 29 04 Aug. 29 04 Aug. 23 04 Aug. 1 04 Aug. - U 2 2 24 24 S 04 04 04 04 DOLLAR GBP GBP GBP GBP Total Closed Jul. 28 04 Aug. 6 04 GBP Jul. 12 04 Sep. 14 04 GBP Jul. 20 04 Sep. 14 04 GBP Apr. 16 04 Oct. 20 04 GBP Apr. 23 04 Oct. 20 04 GBP Total Total Open EFTA01554018

- 5,000,000.00 USD 5,000,000.00 USD 10,000,000.00 USD - 10,000,000.00 USD 0.00 - 5,000,000.00 USD - 13,000,000.00 USD 5,000,000.00 USD 10,000,000.00 USD 3,000,000.00 USD 0.00 0.00 HUNGARIAN FORINT - U S DOLLAR Jul. 13 04 Sep. 14 04 HUF - 677,070,000.00 USD 9,093,000.00 - 9,042,500.00 - 18,337,000.00 18,404,000.00 117,500.00 9,107,000.00 24,048,700.00 - 9,250,000.00 - 17,725,000.00 - 5,232,300.00 948,400.00 1,065,900.00 3,268,501.08 1.2086 1.2053 1.1987 1.2254 1.2527 1.2383 1.1971 1.1789 1.1883 1.1774 1.1974 0.827404 0.829669 0.830683 0.830683 0.830933 0.830933 0.831479 0.831479 0.831479 0.831479 0.831479 12,086,000.00 12,053,000.00 5,993,500.00 6,019,140.80 9,025,993.38 9,287,250.00 12,026,764.95 3,608,029.48 11,883,000.00 1,766,100.00 1,796,100.00 85,544,878.61 1.8186 1.8085 1.8337 1.8404 1.8214 1.8499 1.85 1.7725 1.7441 1.8186 1.8085 1.814446 1.814446 1.817496 1.810950 1.810950 1.80519 EFTA01554019

1.80519 9,093,000.00 9,042,500.00 18,144,464.72 18,404,000.00 54,683,964.72 9,107,000.00 24,048,700.00 9,054,749.88 18,051,904.62 5,415,571.38 65,677,925.88 120,361,890.60 207.15 209.057718 3,268,501.08 12,086,000.00 12,053,000.00 6,019,140.80 6,127,000.00 9,395,250.00 9,025,993.38 11,971,000.00 3,536,700.00 12,026,764.95 1,804,014.74 1,804,014.74 85,848,878.61 9,093,000.00 9,042,500.00 18,337,000.00 18,144,464.72 54,616,964.72 9,087,479.80 23,542,349.68 9,250,000.00 17,725,000.00 5,232,300.00 64,837,129.48 119,454,094.20 3,238,674.97 0.00 0.00 - 25,640.80 - 107,859.20 - 369,256.62 261,256.62 55,764.95 71,329.48 - 143,764.95 - 37,914.74 - 7,914.74 - 304,000.00 0.00 0.00 - 192,535.28 259,535.28 67,000.00 19,520.20 506,350.32 - 195,250.12 326,904.62 183,271.38 840,796.40 907,796.40 29,826.11 EFTA01554020

07 Trade Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 17 of 65 Foreign Exchange Contracts Settlement Date Currency Jul. 21 04 Sep. 14 04 HUF Total Closed Apr. 27 04 Oct. 20 04 HUF Apr. 28 04 Oct. 20 04 HUF Total Open Total JAPANESE YEN Jul. 12 04 Sep. 14 04 JPY Apr. 16 04 Oct. 20 04 JPY May. 25 04 Oct. 20 04 JPY Total Open continued Amount Counter Currency 677,070,000.00 USD 0.00 1,059,940,000.00 USD 634,280,000.00 USD 1,694,220,000.00 1,694,220,000.00 - U S DOLLAR - 518,050,000.00 USD 1,076,700,000.00 USD - 558,650,000.00 USD 0.00 N ZEALAND DOLLAR - U S DOLLAR Jul. 29 04 Aug. 2 04 NZD Jul. 29 04 Aug. 2 04 NZD Feb. 20 04 Aug. 24 04 NZD Feb. 23 04 Aug. 24 04 NZD Mar. 2 04 Aug. 24 04 NZD Mar. 11 04 Mar. 15 05 NZD Mar. 23 04 Mar. 15 05 NZD Total Closed Jul. 28 04 Aug. 6 04 NZD Jul. 7 04 Sep. 9 04 NZD Jul. 12 04 Sep. 14 04 NZD Apr. 16 04 Oct. 20 04 NZD May. 27 04 Oct. 20 04 NZD May. 27 04 Oct. 20 04 NZD Total Open Total - 10,000,000.00 USD 10,000,000.00 USD 5,000,000.00 USD 5,000,000.00 USD - 10,000,000.00 USD 5,000,000.00 USD - 5,000,000.00 USD 0.00 - 10,000,000.00 USD - 10,000,000.00 USD - 20,000,000.00 USD 10,000,000.00 USD 5,000,000.00 USD 5,000,000.00 USD - 20,000,000.00 - 20,000,000.00 4,797,647.71 - 10,000,000.00 5,000,000.00 - 202,352.29 6,298,000.00 - 6,314,000.00 EFTA01554021

- 3,315,000.00 - 3,344,500.00 6,742,000.00 - 3,102,500.00 3,170,500.00 134,500.00 6,269,000.00 6,483,000.00 13,096,000.00 - 6,276,000.00 - 3,127,000.00 - 3,127,000.00 13,318,000.00 13,452,500.00 107.98 107.67 111.73 111.230325 111.026398 111.026398 4,797,647.71 9,697,693.69 5,000,000.00 19,495,341.40 0.6298 0.6314 0.663 0.6689 0.6742 0.6205 0.6341 0.6269 0.6483 0.6548 0.6276 0.6254 0.6254 1.587806 1.583782 0.631735 0.631735 0.631735 0.616782 0.616782 0.633249 0.630405 0.629992 0.627124 0.627124 0.627124 6,298,000.00 6,314,000.00 3,158,673.25 3,158,673.25 6,742,000.00 3,083,910.00 3,170,500.00 31,925,756.50 6,269,000.00 6,483,000.00 13,096,000.00 6,271,238.76 3,135,619.38 3,135,619.38 38,390,477.52 70,316,234.02 4,657,452.88 10,000,000.00 5,031,686.24 19,689,139.12 6,298,000.00 6,314,000.00 3,315,000.00 3,344,500.00 6,317,346.51 3,102,500.00 3,083,910.00 31,775,256.51 6,332,489.55 EFTA01554022

6,304,048.83 12,599,847.66 6,276,000.00 3,127,000.00 3,127,000.00 37,766,386.04 69,541,642.55 140,194.83 - 302,306.31 - 31,686.24 - 193,797.72 0.00 0.00 - 156,326.75 - 185,826.75 424,653.49 - 18,590.00 86,590.00 150,499.99 - 63,489.55 178,951.17 496,152.34 - 4,761.24 8,619.38 8,619.38 624,091.48 774,591.47 Counter Amount - 3,286,747.57 - 18,246.49 - 4,803,280.91 - 2,859,564.49 - 7,662,845.40 - 7,681,091.89 Contract Rate 206.00 220.67 221.81 Current Market Forward Rate 209.057718 211.019568 211.019568 Market Value Receivables USD 3,238,674.97 6,507,176.05 5,022,946.48 3,005,787.58 8,028,734.06 14,535,910.11 Market Value Payables USD 3,286,747.57 6,525,422.54 4,803,280.91 2,859,564.49 7,662,845.40 14,188,267.94 Unrealized Gain/Loss USD - 48,072.60 - 18,246.49 219,665.57 146,223.09 365,888.66 347,642.17 EFTA01554023

07 Trade Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 18 of 65 Foreign Exchange Contracts Settlement Date Currency Total Foreign Exchange Contracts continued Amount Counter Currency Counter Amount Contract Rate Current Market Forward Rate Market Value Receivables USD Market Value Payables USD Unrealized Gain/Loss USD 371,796,700.27 370,150,128.50 1,646,571.77 EFTA01554024

07 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 19 of 65 Trade Activity Realized Gain/Loss Summary Short Term Gain/Loss Long Term Gain/Loss Note: indicates Short Term Realized Gain/Loss indicates Long Term Realized Gain/Loss S L Capital gains and losses on sales with missing or incomplete tax cost are identified with N/A. Trade Date Settlement Date Settled Jul 1 Jul 6 Buy-Back Opt NZD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .625 Jul 1 Jul 6 Write Option KNOCK IN TRIGGERED @ .6450 NZD PUT USD CALL Jul 2 Jul 6 Buy-Back Opt FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .625 KNOCK IN @ .615 AUD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .69 KNOCK IN TRIGGERED @ .7250 KNOCK OUT @ .65 USD - 20,000,000 3.44 430,000.00 USD 20,000,000 - 511,250.00 362,500.00 - 148,750.00 S Realized Type Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD Amount USD - 544,846.67 0.00 USD 5,000,000 - 132,825.00 62,445.00 - 70,380.00 S EFTA01554025

07 Trade Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 20 of 65 Settlement Date Realized Type Settled continued Jul 2 Jul 6 Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD Write Option AUD PUT USD CALL USD Jul 2 Jul 6 Sell Option FX EUROPEAN STYLE OPTION APR 04, 2005 @ .7075 KNOCK OUT @ .7365 CHF CALL USD PUT FX EUROPEAN STYLE OPTION OCT 29, 2004 @ 1.26 KNOCK OUT @ 1.23 Jul 2 Jul 2 Expired Opt KNOCK OUT @ 1.31 BARRIER EXP 7/14/04 CHF PUT USD CALL FX EUROPEAN STYLE OPTION SEP 30, 2004 @ 1.27 KNOCK IN @ 1.29 KNOCK OUT @ 1.2360 Issued in USD Jul 2 Jul 6 Buy-Back Opt NZD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .625 Jul 2 Jul 6 Buy-Back Opt KNOCK IN TRIGGERED @ .6450 NZD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .625 Jul 2 Jul 6 Buy-Back Opt KNOCK IN TRIGGERED @ .6450 NZD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .64 Jul 2 Jul 6 Write Option KNOCK IN TRIGGERED @ .6515 NZD PUT USD CALL FX EUROPEAN STYLE OPTION APR 04, 2005 @ .64 KNOCK OUT @ .6635 USD - 15,000,000 2.43 233,280.00 USD 10,000,000 - 210,560.00 136,960.00 - 73,600.00 S USD 2,000,000 - 57,375.00 EFTA01554026

36,250.00 - 21,125.00 S USD 10,000,000 - 286,875.00 163,750.00 - 123,125.00 S CHF 19,050,000 0.00 181,500.00 181,500.00 S - 20,000,000 3.24 458,460.00 USD - 11,340,000 57,600.00 - 157,500.00 - 99,900.00 S EFTA01554027

07 Trade Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 21 of 65 Settlement Date Realized Type Settled continued Jul 6 Jul 8 Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD Buy-Back Opt NZD CALL USD PUT USD FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .64 Jul 6 Jul 8 Write Option KNOCK IN TRIGGERED @ .6515 NZD PUT USD CALL FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .65 Jul 7 Jul 9 Write Option Jul 8 Jul 12 Buy-Back Opt KNOCK IN TRIGGERED @ .635 KNOCK OUT @ .68 AUD PUT USD CALL FX EUROPEAN STYLE OPTION JUL 08, 2004 @ .7225 AUD PUT USD CALL Jul 8 Jul 12 FX Option Assi Jul 8 Jul 12 Buy-Back Opt FX EUROPEAN STYLE OPTION OCT 11, 2004 @ .69 KNOCK IN @ .67 AUD PUT USD CALL FX EUROPEAN STYLE OPTION JUL 08, 2004 @ .7225 HUF PUT USD CALL Jul 8 Jul 12 Buy-Back Opt FX EUROPEAN STYLE OPTION SEP 16, 2004 @ 211. KNOCK IN @ 220 NZD PUT USD CALL FX EUROPEAN STYLE OPTION APR 04, 2005 @ .64 KNOCK OUT @ .6635 Jul 8 Jul 12 FX Opt Asgn'D SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION BUY AUD SELL USD USD 10,000,000 1.384 - 7,225,000.00 7,225,000.00 USD USD - 10,000,000 4,000,000 0.297 21,494.00 - 38,088.00 91,908.00 53,820.00 S USD - 10,000,000 EFTA01554028

3.76 244,400.00 10,000,000 - 221,440.00 136,960.00 - 84,480.00 S USD USD 10,000,000 0.00 1,002,250,000 - 72,200.00 21,494.00 277,875.00 21,494.00 S 205,675.00 S USD 15,000,000 - 134,400.00 233,280.00 98,880.00 S EFTA01554029

07 Trade Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 22 of 65 Settlement Date Realized Type Settled continued Jul 9 Jul 9 Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD Expired Opt HUF PUT USD CALL HUF FX EUROPEAN STYLE OPTION DEC 20, 2004 @ 215. KNOCK IN @ 225 KNOCK OUT @ 202 Issued in USD Jul 9 Jul 13 Write Option ZAR PUT USD CALL Jul 16 Jul 20 Buy-Back Opt FX EUROPEAN STYLE OPTION AUG 11, 2004 @ 6.16 KNOCK IN @ 6.20 KNOCK OUT @ 5.95 GBP PUT USD CALL FX EUROPEAN STYLE OPTION AUG 20, 2004 @ 1.875 Jul 16 Jul 16 Expired Opt KNOCK IN TRIGGERED @ 1.8375 ZAR PUT USD CALL FX EUROPEAN STYLE OPTION AUG 11, 2004 @ 6.16 KNOCK IN @ 6.20 KNOCK OUT @ 5.95 Issued in USD Jul 19 Jul 21 Buy-Back Opt HUF PUT USD CALL Jul 20 Jul 22 Sell Option FX EUROPEAN STYLE OPTION SEP 16, 2004 @ 212. KNOCK IN @ 220 EUR CALL USD PUT FX EUROPEAN STYLE OPTION NOV 01, 2004 @ 1.25 KNOCK OUT @ 1.1375 KNOCK OUT @ 1.21 BARRIER EXP 12/1/03 USD 636,000,000 - 29,700.00 159,000.00 129,300.00 S ZAR 61,600,000 0.00 125,000.00 125,000.00 S USD - 61,600,000 1.25 125,000.00 2,580,000,000 0.00 451,200.00 451,200.00 S USD 5,750,000.66 EFTA01554030

- 143,391.00 349,312.54 205,921.54 S USD - 5,000,000 87,500.00 - 49,186.20 38,313.80 S EFTA01554031

07 Trade Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 23 of 65 Settlement Date Realized Type Settled continued Jul 20 Jul 22 Buy-Back Opt NZD PUT USD CALL Jul 21 Jul 23 Buy-Back Opt FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .625 KNOCK IN @ .615 ZAR CALL USD PUT FX EUROPEAN STYLE OPTION JUL 30, 2004 @ 6.18 Jul 23 Jul 27 Buy-Back Opt KNOCK IN TRIGGERED @ 5.95 ZAR CALL USD PUT FX EUROPEAN STYLE OPTION JUL 30, 2004 @ 6.18 Jul 27 Jul 29 Buy-Back Opt KNOCK IN TRIGGERED @ 5.95 NZD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .64 Jul 27 Jul 29 Buy-Back Opt KNOCK IN TRIGGERED @ .6515 NZD PUT USD CALL FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .625 KNOCK IN @ .615 Trade Date Settlement Date Counter Currency Settled Foreign Exchange Contracts SPECULATIVE AUSTRALIA DOLLAR - U S DOLLAR Jul 8 04 Jul 12 04 Jun 10 04 Jul 14 04 Jul 12 04 Jul 21 04 Jul 14 04 Jul 30 04 AUD - 10,000,000.00 USD AUD - 13,000,000.00 USD 7,225,000.00 9,003,800.00 AUD 13,000,000.00 USD - 9,425,000.00 AUD - 5,000,000.00 USD 3,556,000.00 0.722500 0.692600 0.725000 0.711200 0.722500 1.380550 0.725000 1.428000 7,225,000.00 9,003,800.00 - 9,425,000.00 3,556,000.00 - 7,225,000.00 - 9,416,536.88 9,425,000.00 - 3,501,400.56 EFTA01554032

- 412,736.88 54,599.44 Amount Currency Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD USD 10,000,000 - 205,000.00 215,000.00 10,000.00 S USD 7,000,000 - 100,800.00 95,872.00 - 4,928.00 S USD 33,372,000 - 89,100.00 88,560.00 - 540.00 S USD 10,000,000 - 149,063.00 215,000.00 65,937.00 S Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD USD 28,428,000 - 102,580.00 75,440.00 - 27,140.00 S EFTA01554033

07 Date Jul 21 04 Jul 23 04 Jul 23 04 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 24 of 65 Settled Foreign Exchange Contracts Trade Settlement Date Currency Jul 30 04 Jul 30 04 Jul 30 04 SWISS FRANC Jun Jul 4 8 04 04 Jun 16 04 Jul 8 04 Jun 21 04 Jul 8 04 Jun 21 04 Jul 8 04 Jul 1 04 Jul 2 04 Jul 8 04 Jul 8 04 Counter Amount Currency continued AUD - 10,000,000.00 USD AUD 7,137,000.00 AUD 10,000,000.00 USD - 7,102,000.00 5,000,000.00 USD - 3,560,500.00 - EURO CURRENCY CHF 22,839,000.00 EUR - 15,000,000.00 CHF 15,200,000.00 EUR - 10,000,000.00 CHF - 15,226,000.00 EUR 10,103,516.92 CHF - 7,613,000.00 EUR CHF - 7,600,000.00 EUR CHF - 7,600,000.00 EUR EURO CURRENCY - U S DOLLAR Jun 21 04 Jul 8 04 Jun 21 04 Jul 8 04 Jul 6 04 Jul 21 04 Jul 21 04 Jul 23 04 Jul 23 04 Jul 8 04 Jul 30 04 Jul 30 04 Jul 30 04 Jul 30 04 EUR EUR EUR EUR POUND STERLING - U S DOLLAR 5,049,747.94 4,998,355.80 5,006,587.62 1.522600 1.520000 1.507000 1.507600 1.520500 1.518000 1.223950 0.806450 1.223950 0.806450 1.223950 0.806450 EFTA01554034

1.223950 0.806450 1.223950 0.806450 1.223950 0.806450 - 103,516.92 USD - 49,747.94 USD - 4,943.42 USD EUR - 5,000,000.00 USD 125,069.14 60,135.31 6,088.32 6,110,000.00 EUR - 10,000,000.00 USD 12,230,000.00 5,000,000.00 USD - 6,087,500.00 EUR 10,000,000.00 USD - 12,220,000.00 1.208200 1.208800 1.231600 1.222000 1.223000 1.217500 1.222000 1.240002 1.240002 1.240002 1.203949 1.203949 1.203949 1.203949 18,660,075.98 - 18,600,037.20 12,418,807.95 - 12,400,024.80 - 12,440,050.65 - 6,220,025.32 - 6,209,403.97 - 6,209,403.97 12,528,386.03 6,261,699.96 6,197,973.58 6,208,181.06 60,038.78 18,783.15 88,335.38 41,674.64 - 11,430.39 - 1,222.91 0.713700 0.710200 0.712100 1.428000 1.428000 1.428000 7,137,000.00 - 7,102,000.00 - 3,560,500.00 - 7,002,801.12 7,002,801.12 3,501,400.56 134,198.88 - 99,198.88 - 59,099.44 Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD 125,069.14 60,135.31 6,088.32 6,110,000.00 - 128,361.23 - 61,687.56 EFTA01554035

- 6,129.85 - 6,019,744.76 12,230,000.00 - 12,039,489.52 - 6,087,500.00 - 12,220,000.00 6,019,744.76 12,039,489.52 - 3,292.09 - 1,552.25 - 41.53 90,255.24 190,510.48 - 67,755.24 - 180,510.48 EFTA01554036

07 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 25 of 65 Settled Foreign Exchange Contracts Trade Settlement Date Currency Jun 10 04 Jul 14 04 Jun 25 04 Jul 14 04 Jul 2 04 Jul 12 04 Jul 20 04 Jul 21 04 Jul 21 04 Jul 21 04 Jul 28 04 Jul 28 04 Jul 28 04 Jul 14 04 Jul 14 04 Jul 23 04 Jul 23 04 Jul 23 04 Jul 30 04 Jul 30 04 Jul 30 04 Jul 30 04 Counter Amount Currency continued GBP - 8,000,000.00 USD 14,679,200.00 GBP - 3,000,000.00 USD GBP - 2,000,000.00 USD GBP 13,000,000.00 USD - 24,180,000.00 GBP GBP - 2,000,000.00 USD GBP - 3,000,000.00 USD GBP - 5,000,000.00 USD GBP GBP - 5,000,000.00 USD GBP HUNGARIAN FORINT - U S DOLLAR Jun 10 04 Jul 14 04 Jul 13 04 Jul 13 04 Jul 14 04 Jul 14 04 Jul 14 04 Jul 14 04 Jul 16 04 Jul 16 04 JAPANESE YEN Jun 10 04 Jul 14 04 Jul 12 04 Jul 14 04 - U S DOLLAR JPY - 518,050,000.00 USD N ZEALAND DOLLAR - U S DOLLAR Jun 10 04 Jul 14 04 Jul 12 04 Jul 21 04 Jul 14 04 Jul 30 04 4,735,807.66 JPY 518,050,000.00 USD - 4,785,681.29 NZD - 20,000,000.00 USD 12,550,000.00 NZD 20,000,000.00 USD - 13,200,000.00 NZD - 5,000,000.00 USD 109.390000 108.250000 3,179,500.00 EFTA01554037

0.627500 0.660000 0.635900 109.065000 108.250000 1.528500 0.660000 1.577900 4,735,807.66 - 4,785,681.29 - 4,749,919.77 4,785,681.29 12,550,000.00 - 13,084,723.58 - 13,200,000.00 3,179,500.00 - 14,112.11 HUF- 1,694,220,000.00 USD 5,455,800.00 3,658,200.00 5,000,000.00 USD - 9,308,000.00 3,673,200.00 5,526,300.00 9,177,000.00 5,000,000.00 USD - 9,112,500.00 9,112,000.00 5,000,000.00 USD - 9,087,500.00 7,959,689.92 HUF 677,070,000.00 USD - 3,327,125.30 HUF 1,017,150,000.00 USD - 5,000,000.00 HUF 1,017,150,000.00 USD - 5,051,651.35 HUF- 1,017,150,000.00 USD 1.834900 1.818600 1.829100 1.860000 1.861600 1.836600 1.842100 1.835400 1.822500 1.822400 1.817500 5,041,635.68 212.850000 203.500000 203.430000 201.350000 201.750000 1.855976 1.855976 1.855976 1.860000 1.861600 1.861600 1.861600 1.818512 1.822500 1.820000 1.817500 201.280142 203.500000 203.430000 201.350000 201.350000 14,679,200.00 - 14,847,809.94 5,455,800.00 3,658,200.00 - 24,180,000.00 - 9,308,000.00 3,673,200.00 5,526,300.00 9,177,000.00 - 9,112,500.00 9,112,000.00 - 9,087,500.00 7,959,689.92 - 3,327,125.30 - 5,000,000.00 - 5,051,651.35 EFTA01554038

5,041,635.68 - 5,567,928.73 - 3,711,952.48 24,180,000.00 9,308,000.00 - 3,723,200.00 - 5,584,800.00 - 9,092,562.28 9,112,500.00 - 9,100,000.01 9,087,500.00 - 8,417,223.80 3,327,125.30 5,000,000.00 5,051,651.35 - 5,051,651.35 - 168,609.94 - 112,128.73 - 53,752.48 Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD - 50,000.00 - 58,500.00 84,437.72 11,999.99 - 457,533.88 - 10,015.67 - 534,723.58 13,200,000.00 - 3,168,768.61 10,731.39 EFTA01554039

07 Date Jul 21 04 Jul 23 04 Jul 28 04 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 26 of 65 Settled Foreign Exchange Contracts Trade Settlement Date Currency Jul 30 04 Jul 30 04 Jul 30 04 Counter Amount Currency continued NZD - 10,000,000.00 USD NZD 6,394,000.00 5,000,000.00 USD - 3,192,500.00 NZD 10,000,000.00 USD - 6,275,000.00 0.639400 0.638500 0.627500 1.577900 1.577900 0.627500 6,394,000.00 - 3,192,500.00 - 6,275,000.00 - 6,337,537.23 3,168,768.61 6,275,000.00 56,462.77 - 23,731.39 Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD EFTA01554040

07 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 27 of 65 Account Transactions by Currency Australia Dollar Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Miscellaneous Disbursements Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Australia Dollar Activity by Date Settlement Date Jul 12 Type Spot FX Quantity Description 7,225,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL AUD SPOT RATE : 0.722500000 TRADE 7/08/04 VALUE 7/12/04 U S DOLLAR AUSTRALIA DOLLAR Jul 12 FX Opt Asgn'D - 7,225,000 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION BUY AUD SELL USD TRADE 7/08/04 VALUE 7/12/04 10,000,000.00 7,276,961.14 - 276,000.00 - 38,000,000.00 .00 - 8,463.12 - 301,500,000.00 38,000,000.00 10,000,000.00 291,776,000.00 .00 Amount to Date Realized Amount Gain/Loss USD - 10,000,000.00 - 7,225,000.00 Amount USD EFTA01554041

07 Date Jul 14 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 28 of 65 Australia Dollar Activity by Date Settlement continued Realized Type Fwd FX Ctrct Quantity Description 9,003,800 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.692600000 TRADE 6/10/04 VALUE 7/14/04 Jul 14 Spot FX - 9,425,000 SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.725000000 TRADE 7/12/04 VALUE 7/14/04 AUSTRALIA DOLLAR U S DOLLAR Jul 30 Fwd FX Ctrct 3,556,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.711200000 TRADE 7/21/04 VALUE 7/30/04 Jul 30 Fwd FX Ctrct 7,137,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.713700000 TRADE 7/21/04 VALUE 7/30/04 Jul 30 Fwd FX Ctrct - 7,102,000 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.710200000 TRADE 7/23/04 VALUE 7/30/04 Jul 30 Fwd FX Ctrct - 3,560,500 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.712100000 TRADE 7/23/04 VALUE 7/30/04 Gain/Loss USD - 8,463.12 - 13,000,000.00 - 9,416,536.86 Amount Amount USD 13,000,000.00 9,425,000.00 - 5,000,000.00 - 3,501,400.56 - 10,000,000.00 - 7,002,801.12 10,000,000.00 7,002,801.12 5,000,000.00 3,501,400.56 EFTA01554042

07 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 29 of 65 Account Transactions by Currency Euro Currency Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Purchases of Securities Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Euro Currency Activity by Date Settlement Date Jul 8 Type Fwd FX Ctrct Quantity Description 22,839,000 SETTLE FORWARD CURRENCY CONTRACT BUY CHF SELL EUR CONTRACT RATE : 1.522600000 TRADE 6/04/04 VALUE 7/08/04 Jul 8 Fwd FX Ctrct - 15,226,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL CHF CONTRACT RATE : 1.507000000 TRADE 6/21/04 VALUE 7/08/04 - 40,158,208.28 .00 .01 - 30,000,000.00 - 343,099,332.92 40,158,208.28 29,941,124.64 343,158,208.28 .00 Amount to Date Realized Amount Gain/Loss USD 0.02 - 15,000,000.00 - 18,600,037.20 Amount USD 10,103,516.92 12,528,386.03 EFTA01554043

07 Date Jul 8 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 30 of 65 Euro Currency Activity by Date Settlement continued Realized Type Fwd FX Ctrct Quantity Description 125,069.14 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.208200000 TRADE 6/21/04 VALUE 7/08/04 Jul 8 Fwd FX Ctrct 60,135.31 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.208800000 TRADE 6/21/04 VALUE 7/08/04 Jul 8 Fwd FX Ctrct - 7,613,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL CHF CONTRACT RATE : 1.507600000 TRADE 6/21/04 VALUE 7/08/04 Jul 8 Fwd FX Ctrct - 7,600,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL CHF CONTRACT RATE : 1.520500000 TRADE 7/01/04 VALUE 7/08/04 Jul 8 Fwd FX Ctrct - 7,600,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL CHF CONTRACT RATE : 1.518000000 TRADE 7/02/04 VALUE 7/08/04 Jul 8 Fwd FX Ctrct 15,200,000 SETTLE FORWARD CURRENCY CONTRACT BUY CHF SELL EUR CONTRACT RATE : 1.520000000 TRADE 6/16/04 VALUE 7/08/04 Jul 8 Spot FX 6,088.32 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.231600000 TRADE 7/06/04 VALUE 7/08/04 U S DOLLAR EURO PRINCIPAL CURRENCY 0.01 Gain/Loss USD - 0.01 - 103,516.92 - 128,361.23 Amount Amount USD - 0.01 - 49,747.94 - 61,687.56 5,049,747.94 6,261,699.96 EFTA01554044

4,998,355.80 6,197,973.58 5,006,587.62 6,208,181.06 - 10,000,000.00 - 12,400,024.80 - 4,943.42 - 6,088.32 EFTA01554045

07 Date Jul 30 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 31 of 65 Euro Currency Activity by Date Settlement continued Realized Type Fwd FX Ctrct Quantity Description 6,110,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.222000000 TRADE 7/21/04 VALUE 7/30/04 Jul 30 Fwd FX Ctrct 12,230,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.223000000 TRADE 7/21/04 VALUE 7/30/04 Jul 30 Fwd FX Ctrct - 6,087,500 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.217500000 TRADE 7/23/04 VALUE 7/30/04 Jul 30 Fwd FX Ctrct - 12,220,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.222000000 TRADE 7/23/04 VALUE 7/30/04 Gain/Loss USD - 5,000,000.00 - 6,019,744.76 Amount Amount USD - 10,000,000.00 - 12,039,489.52 5,000,000.00 6,019,744.76 10,000,000.00 12,039,489.52 EFTA01554046

07 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 32 of 65 Account Transactions by Currency Hungarian Forint Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Purchases of Securities Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Hungarian Forint Activity by Date Settlement Date Jul 9 Type Expired Opt Quantity Description 2,580,000,000 HUF PUT USD CALL FX EUROPEAN STYLE OPTION DEC 20, 2004 @ 215. KNOCK IN @ 225 KNOCK OUT @ 202 EXPIRATION OF WRITTEN FX OPTION OPTION KNOCKED OUT Jul 14 Fwd FX Ctrct 7,959,689.92 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL HUF CONTRACT RATE : 212.850000000 TRADE 6/10/04 VALUE 7/14/04 90,098.50 -1,694,220,000.00 - 8,417,223.80 - 2,711,370,000.0 .00 90,098.50 - 2,120,000,000.0 - 15,424,940,000. 2,711,370,000.00 3,203,000,000.00 14,341,940,000.00 .00 Amount to Date Realized Amount Gain/Loss USD Amount USD EFTA01554047

07 Date Jul 14 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 33 of 65 Hungarian Forint Activity by Date Settlement continued Realized Type Spot FX Quantity Description - 3,327,125.30 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 203.500000000 TRADE 7/13/04 VALUE 7/14/04 HUNGARIAN FORINT U S DOLLAR Jul 14 Spot FX - 5,000,000 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 203.430000000 TRADE 7/13/04 VALUE 7/14/04 HUNGARIAN FORINT U S DOLLAR Jul 16 Spot FX - 5,051,651.35 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 201.350000000 TRADE 7/14/04 VALUE 7/16/04 HUNGARIAN FORINT U S DOLLAR Jul 16 Spot FX 5,041,635.68 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL HUF SPOT RATE : 201.750000000 TRADE 7/14/04 VALUE 7/16/04 U S DOLLAR HUNGARIAN FORINT Gain/Loss USD 677,070,000.00 3,327,125.30 Amount Amount USD 1,017,150,000.00 5,000,000.00 1,017,150,000.00 5,051,651.35 -1,017,150,000.00 - 5,041,635.68 EFTA01554048

07 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 34 of 65 Account Transactions by Currency Japanese Yen Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Japanese Yen Activity by Date Settlement Date Jul 14 Type Fwd FX Ctrct Quantity Description 4,735,807.66 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 109.390000000 TRADE 6/10/04 VALUE 7/14/04 Jul 14 Spot FX - 4,785,681.29 SPOT CURRENCY TRANSACTION - BUY BUY JPY SELL USD SPOT RATE : 108.250000000 TRADE 7/12/04 VALUE 7/14/04 JAPANESE YEN U S DOLLAR .00 518,050,000.00 - 518,050,000.00 .00 - 35,761.52 6,222,367,520.00 - 6,222,367,520.0 Amount to Date Realized Amount Gain/Loss USD - 35,761.52 - 518,050,000.00 - 4,749,919.77 Amount USD 518,050,000.00 4,785,681.29 EFTA01554049

07 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 35 of 65 Account Transactions by Currency N Zealand Dollar Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Purchases of Securities Miscellaneous Disbursements Foreign Exchange Ending Balance Foreign Exchange Gains/Losses N Zealand Dollar Activity by Date Settlement Date Jul 14 Type Fwd FX Ctrct Quantity Description 12,550,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.627500000 TRADE 6/10/04 VALUE 7/14/04 Jul 14 Spot FX - 13,200,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.660000000 TRADE 7/12/04 VALUE 7/14/04 N ZEALAND DOLLAR U S DOLLAR - 35,000,000.00 -00 - 52,739.19 - 20,000,000.00 - 280,284.94 - 439,964,616.52 35,000,000.00 29,964,616.52 430,280,284.94 .00 Amount to Date Realized Amount Gain/Loss USD - 115,276.42 - 20,000,000.00 - 13,084,723.58 Amount USD 20,000,000.00 13,200,000.00 EFTA01554050

07 Date Jul 30 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 36 of 65 N Zealand Dollar Activity by Date Settlement continued Realized Type Fwd FX Ctrct Quantity Description 3,179,500 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.635900000 TRADE 7/21/04 VALUE 7/30/04 Jul 30 Fwd FX Ctrct 6,394,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.639400000 TRADE 7/21/04 VALUE 7/30/04 Jul 30 Fwd FX Ctrct - 3,192,500 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.638500000 TRADE 7/23/04 VALUE 7/30/04 Jul 30 Spot FX - 6,275,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.627500000 TRADE 7/28/04 VALUE 7/30/04 N ZEALAND DOLLAR U S DOLLAR Gain/Loss USD 20,845.74 - 5,000,000.00 - 3,168,768.61 Amount Amount USD 41,691.49 - 10,000,000.00 - 6,337,537.23 5,000,000.00 3,168,768.61 10,000,000.00 6,275,000.00 EFTA01554051

07 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 37 of 65 Account Transactions by Currency Pound Sterling Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Pound Sterling Activity by Date Settlement Date Jul 14 Type Fwd FX Ctrct Quantity Description 14,679,200 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.834900000 TRADE 6/10/04 VALUE 7/14/04 Jul 14 Fwd FX Ctrct 5,455,800 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.818600000 TRADE 6/25/04 VALUE 7/14/04 Jul 14 Fwd FX Ctrct 3,658,200 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.829100000 TRADE 7/02/04 VALUE 7/14/04 - 28,000,000.00 -14 - 59,746.57 - 188,699,999.86 28,000,000.00 13,000,000.00 175,700,000.00 .14 Amount to Date Realized Amount Gain/Loss USD - 32,190.06 - 8,000,000.00 - 14,847,809.94 Amount USD - 12,071.27 - 3,000,000.00 - 5,567,928.73 - 8,047.52 - 2,000,000.00 - 3,711,952.48 EFTA01554052

07 Date Jul 14 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 38 of 65 Pound Sterling Activity by Date Settlement continued Realized Type Spot FX Quantity Description - 24,180,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.860000000 TRADE 7/12/04 VALUE 7/14/04 POUND STERLING U S DOLLAR Jul 23 Spot FX - 9,308,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.861600000 TRADE 7/20/04 VALUE 7/23/04 POUND STERLING U S DOLLAR Jul 23 Spot FX 3,673,200 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.836600000 TRADE 7/21/04 VALUE 7/23/04 U S DOLLAR POUND STERLING Jul 23 Spot FX 5,526,300 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.842100000 TRADE 7/21/04 VALUE 7/23/04 U S DOLLAR POUND STERLING Jul 30 Fwd FX Ctrct 9,177,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.835400000 TRADE 7/21/04 VALUE 7/30/04 - 7,437.72 - 5,000,000.00 - 9,092,562.28 - 3,000,000.00 - 5,526,300.00 Gain/Loss USD 13,000,000.00 24,180,000.00 Amount Amount USD 5,000,000.00 9,308,000.00 - 2,000,000.00 - 3,673,200.00 EFTA01554053

07 Date Jul 30 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 39 of 65 Pound Sterling Activity by Date Settlement continued Realized Type Spot FX Quantity Description - 9,112,500 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.822500000 TRADE 7/28/04 VALUE 7/30/04 POUND STERLING U S DOLLAR Jul 30 Spot FX 9,112,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.822400000 TRADE 7/28/04 VALUE 7/30/04 U S DOLLAR POUND STERLING Jul 30 Spot FX - 9,087,500 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.817500000 TRADE 7/28/04 VALUE 7/30/04 POUND STERLING U S DOLLAR 5,000,000.00 9,087,500.00 Gain/Loss USD 5,000,000.00 9,112,500.00 Amount Amount USD - 5,000,000.00 - 9,112,000.00 EFTA01554054

07 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 40 of 65 Account Transactions by Currency S African Rand Activity Summary Amount this Period Beginning Balance Ending Balance S African Rand Activity by Date Settlement Date Jul 16 Type Expired Opt Quantity Description 61,600,000 ZAR PUT USD CALL FX EUROPEAN STYLE OPTION AUG 11, 2004 @ 6.16 KNOCK IN @ 6.20 KNOCK OUT @ 5.95 EXPIRATION OF WRITTEN FX OPTION OPTION KNOCKED OUT .00 .00 Amount to Date Realized Amount Gain/Loss USD Amount USD EFTA01554055

07 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 41 of 65 Account Transactions by Currency Swiss Franc Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Purchases of Securities Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Swiss Franc Activity by Date Settlement Date Jul 2 Type Expired Opt Quantity Description 19,050,000 CHF PUT USD CALL FX EUROPEAN STYLE OPTION SEP 30, 2004 @ 1.27 KNOCK IN @ 1.29 KNOCK OUT @ 1.2360 EXPIRATION OF WRITTEN FX OPTION OPTION KNOCKED OUT Jul 8 Fwd FX Ctrct - 15,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY CHF SELL EUR CONTRACT RATE : 1.522600000 TRADE 6/04/04 VALUE 7/08/04 22,839,000.00 18,660,075.98 .00 38,039,000.00 50,534,000.00 - 38,039,000.00 .00 - .02 - 10,000,000.00 - 40,534,000.00 Amount to Date Realized Amount Gain/Loss USD Amount USD EFTA01554056

07 Date Jul 8 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 42 of 65 Swiss Franc Activity by Date Settlement continued Realized Type Fwd FX Ctrct Quantity Description 10,103,516.92 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL CHF CONTRACT RATE : 1.507000000 TRADE 6/21/04 VALUE 7/08/04 Jul 8 Fwd FX Ctrct 5,049,747.94 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL CHF CONTRACT RATE : 1.507600000 TRADE 6/21/04 VALUE 7/08/04 Jul 8 Fwd FX Ctrct 4,998,355.80 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL CHF CONTRACT RATE : 1.520500000 TRADE 7/01/04 VALUE 7/08/04 Jul 8 Fwd FX Ctrct 5,006,587.62 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL CHF CONTRACT RATE : 1.518000000 TRADE 7/02/04 VALUE 7/08/04 Jul 8 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY CHF SELL EUR CONTRACT RATE : 1.520000000 TRADE 6/16/04 VALUE 7/08/04 - 0.01 Gain/Loss USD - 15,226,000.00 - 12,440,050.65 Amount Amount USD - 7,613,000.00 - 6,220,025.32 - 0.01 - 7,600,000.00 - 6,209,403.97 - 7,600,000.00 - 6,209,403.97 15,200,000.00 12,418,807.95 EFTA01554057

07 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 43 of 65 Account Transactions by Currency U S Dollar Activity Summary Amount this Period USD Beginning Balance Credits Dividends Sweep Account Sales Sales, Maturities, Redemptions Miscellaneous Receipts Foreign Exchange Debits Sweep Account Purchases Purchases of Securities Miscellaneous Disbursements Foreign Exchange Ending Balance - 867,812.75 - 2,642,147.00 - 736,778.26 - 138,139,957.94 .00 *Year to date information is calculated on a calendar year basis. - 132,136,809.85 - 22,008,609.70 - 6,902,921.65 - 1,353,503,001.8 61,065.98 3,726,969.94 2,003,234.00 136,595,426.03 243,798.98 91,540,922.35 28,734,303.00 963,054.02 1,393,069,264.68 .00 Amount Year to Date USD* U S Dollar Activity by Date Type Settlement Date Jul 1 Dividend Quantity Description JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) Amount USD 61,065.98 EFTA01554058

07 Settlement Date Jul 1 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 44 of 65 U S Dollar Activity by Date Type continued Quantity Description Purchase Opt 11,340,000 CHF CALL USD PUT FX EUROPEAN STYLE OPTION OCT 29, 2004 @ 1.26 KNOCK OUT @ 1.23 KNOCK OUT @ 1.31 BARRIER EXP 7/14/04 PURCHASED FX OPTION CALL 11,340,000.00 CHF PUT 9,000,000.00 USD TRADE DATE 06/30/04 Jul 1 Write Option - 19,050,000 CHF PUT USD CALL FX EUROPEAN STYLE OPTION SEP 30, 2004 @ 1.27 KNOCK IN @ 1.29 KNOCK OUT @ 1.2360 WRITTEN FX OPTION PUT 19,050,000.00 CHF CALL 15,000,000.00 USD TRADE DATE 06/30/04 Jul 1 Jul 2 Purchase Write Option 85,065.98 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) - 61,800,000 ZAR CALL USD PUT FX EUROPEAN STYLE OPTION JUL 30, 2004 @ 6.18 KNOCK IN @ 5.95 WRITTEN FX OPTION CALL 61,800,000.00 ZAR PUT 10,000,000.00 USD TRADE DATE 06/30/04 Jul 2 Purchase 164,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) - 164,000.00 - 85,065.98 164,000.00 181,500.00 Amount USD - 157,500.00 EFTA01554059

07 Settlement Date Jul 6 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 45 of 65 U S Dollar Activity by Date Type continued Quantity Description Free Delivery - 1 INTEREST RATE SWAP 10,000,000 AUD NOTIONAL 3/9/2014 REC:FIXED RATE 5.68% AUD SEMI-ANNUAL PAY:FLOATING RATE AUD 3 MONTH BANK BILL RATE ACTUAL/365 IR SWAP UNWIND JPMORGAN CHASE BANK TRADE DATE 07/01/04 Jul 6 Misc. Disbursement INTEREST RATE SWAP 10,000,000 AUD NOTIONAL 3/9/2014 REC:FIXED RATE 5.68% AUD SEMI-ANNUAL PAY:FLOATING RATE AUD 3 MONTH BANK BILL RATE ACTUAL/365 IR SWAP UNWIND Jul 6 Buy-Back Opt 20,000,000 NZD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .625 KNOCK IN TRIGGERED @ .6450 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 07/01/04 Jul 6 Write Option - 20,000,000 NZD PUT USD CALL FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .625 KNOCK IN @ .615 WRITTEN FX OPTION PUT 20,000,000.00 NZD CALL 12,500,000.00 USD TRADE DATE 07/01/04 Jul 6 Sale - 186,015.40 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 186,015.40 430,000.00 - 511,250.00 - 166,470.40 Amount USD EFTA01554060

07 Settlement Date Jul 6 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 46 of 65 U S Dollar Activity by Date Type continued Quantity Description Buy-Back Opt 5,000,000 AUD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .69 KNOCK IN TRIGGERED @ .7250 KNOCK OUT @ .65 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 07/02/04 Jul 6 Write Option - 20,000,000 AUD PUT USD CALL FX EUROPEAN STYLE OPTION APR 04, 2005 @ .7075 KNOCK OUT @ .7365 WRITTEN FX OPTION PUT 20,000,000.00 AUD CALL 14,150,000.00 USD TRADE DATE 07/02/04 Jul 6 Write Option - 15,000,000 NZD PUT USD CALL FX EUROPEAN STYLE OPTION APR 04, 2005 @ .64 KNOCK OUT @ .6635 WRITTEN FX OPTION PUT 15,000,000.00 NZD CALL 9,600,000.00 USD TRADE DATE 07/02/04 Jul 6 Buy-Back Opt 10,000,000 NZD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .64 KNOCK IN TRIGGERED @ .6515 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 07/02/04 - 210,560.00 233,280.00 458,460.00 Amount USD - 132,825.00 EFTA01554061

07 Settlement Date Jul 6 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 47 of 65 U S Dollar Activity by Date Type continued Quantity Description Sell Option - 11,340,000 CHF CALL USD PUT FX EUROPEAN STYLE OPTION OCT 29, 2004 @ 1.26 KNOCK OUT @ 1.23 KNOCK OUT @ 1.31 BARRIER EXP 7/14/04 RESALE OF PURCHASED FX OPTION TRADE DATE 07/02/04 Jul 6 Buy-Back Opt 2,000,000 NZD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .625 KNOCK IN TRIGGERED @ .6450 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 07/02/04 Jul 6 Buy-Back Opt 10,000,000 NZD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .625 KNOCK IN TRIGGERED @ .6450 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 07/02/04 Jul 7 Free Delivery - 1 INTEREST RATE SWAP 10,000,000 NZD NOTIONAL 3/9/2014 REC:FIXED RATE 6.14% NZD SEMI-ANNUAL PAY:FLOATING RATE NZD 3 MONTH BANK BILL RATE ACTUAL/365 IR SWAP UNWIND JPMORGAN CHASE BANK TRADE DATE 07/02/04 - 286,875.00 - 57,375.00 Amount USD 57,600.00 EFTA01554062

07 Settlement Date Jul 7 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 48 of 65 U S Dollar Activity by Date Type continued Quantity Description Free Delivery - 1 INTEREST RATE SWAP 10,000,000 NZD NOTIONAL 3/9/2014 REC:FIXED RATE 6.11% NZD SEMI-ANNUAL PAY:FLOATING RATE NZD 3 MONTH BANK BILL RATE ACTUAL/365 IR SWAP UNWIND JPMORGAN CHASE BANK TRADE DATE 07/02/04 Jul 7 Misc. Disbursement INTEREST RATE SWAP 10,000,000 NZD NOTIONAL 3/9/2014 REC:FIXED RATE 6.14% NZD SEMI-ANNUAL PAY:FLOATING RATE NZD 3 MONTH BANK BILL RATE ACTUAL/365 IR SWAP UNWIND Jul 7 Misc. Disbursement INTEREST RATE SWAP 10,000,000 NZD NOTIONAL 3/9/2014 REC:FIXED RATE 6.11% NZD SEMI-ANNUAL PAY:FLOATING RATE NZD 3 MONTH BANK BILL RATE ACTUAL/365 IR SWAP UNWIND Jul 7 Jul 8 Sale Fwd FX Ctrct - 406,250 - 103,516.92 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.208200000 TRADE 6/21/04 VALUE 7/08/04 Jul 8 Fwd FX Ctrct - 49,747.94 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.208800000 TRADE 6/21/04 VALUE 7/08/04 406,250.00 125,069.14 - 210,250.00 - 196,000.00 Amount USD 60,135.31 EFTA01554063

07 Settlement Date Jul 8 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 49 of 65 U S Dollar Activity by Date Type continued Quantity Description Spot FX - 4,943.42 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.231600000 TRADE 7/06/04 VALUE 7/08/04 U S DOLLAR Jul 8 Write Option - 10,000,000 EURO PRINCIPAL CURRENCY NZD PUT USD CALL FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .65 KNOCK IN TRIGGERED @ .635 KNOCK OUT @ .68 WRITTEN FX OPTION PUT 10,000,000.00 NZD CALL 6,500,000.00 USD TRADE DATE 07/06/04 Jul 8 Buy-Back Opt 10,000,000 NZD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .64 KNOCK IN TRIGGERED @ .6515 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 07/06/04 Jul 8 Jul 9 Purchase Write Option 214,252.77 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) - 10,000,000 AUD PUT USD CALL FX EUROPEAN STYLE OPTION JUL 08, 2004 @ .7225 WRITTEN FX OPTION PUT 10,000,000.00 AUD CALL 7,225,000.00 USD TRADE DATE 07/07/04 - 214,252.77 21,494.00 - 221,440.00 Amount USD 6,088.32 244,400.00 EFTA01554064

07 Settlement Date Jul 9 Jul 12 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 50 of 65 U S Dollar Activity by Date Type continued Quantity Description Purchase Spot FX 21,494 - 10,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - SALE BUY USD SELL AUD SPOT RATE : 0.722500000 TRADE 7/08/04 VALUE 7/12/04 U S DOLLAR Jul 12 Buy-Back Opt 15,000,000 AUSTRALIA DOLLAR NZD PUT USD CALL FX EUROPEAN STYLE OPTION APR 04, 2005 @ .64 KNOCK OUT @ .6635 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 07/08/04 Jul 12 Buy-Back Opt 4,000,000 AUD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 11, 2004 @ .69 KNOCK IN @ .67 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 07/08/04 Jul 12 Buy-Back Opt 1,002,250,000 HUF PUT USD CALL FX EUROPEAN STYLE OPTION SEP 16, 2004 @ 211. KNOCK IN @ 220 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 07/08/04 Jul 12 Sale - 244,688 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 244,688.00 - 72,200.00 - 38,088.00 Amount USD - 21,494.00 7,225,000.00 - 134,400.00 EFTA01554065

07 Settlement Date Jul 12 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 51 of 65 U S Dollar Activity by Date Type continued Quantity Description FX Option Assignment 10,000,000 AUD PUT USD CALL FX EUROPEAN STYLE OPTION JUL 08, 2004 @ .7225 WRITTEN FX OPTION ASSIGNED CALL 10,000,000.00 AUD PUT 7,225,000.00 USD TRADE DATE 07/08/04 Jul 12 FX Opt Asgn'D 10,000,000 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION BUY AUD SELL USD TRADE 7/08/04 VALUE 7/12/04 Jul 13 Write Option - 61,600,000 ZAR PUT USD CALL FX EUROPEAN STYLE OPTION AUG 11, 2004 @ 6.16 KNOCK IN @ 6.20 KNOCK OUT @ 5.95 WRITTEN FX OPTION PUT 61,600,000.00 ZAR CALL 10,000,000.00 USD TRADE DATE 07/09/04 Jul 13 Jul 14 Purchase Fwd FX Ctrct 125,000 - 20,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.627500000 TRADE 6/10/04 VALUE 7/14/04 Jul 14 Fwd FX Ctrct - 13,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.692600000 TRADE 6/10/04 VALUE 7/14/04 - 125,000.00 12,550,000.00 - 7,225,000.00 Amount USD 125,000.00 9,003,800.00 EFTA01554066

07 Settlement Date Jul 14 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 52 of 65 U S Dollar Activity by Date Type continued Quantity Description Fwd FX Ctrct - 518,050,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 109.390000000 TRADE 6/10/04 VALUE 7/14/04 Jul 14 Fwd FX Ctrct - 8,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.834900000 TRADE 6/10/04 VALUE 7/14/04 Jul 14 Fwd FX Ctrct -1,694,220,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL HUF CONTRACT RATE : 212.850000000 TRADE 6/10/04 VALUE 7/14/04 Jul 14 Fwd FX Ctrct - 3,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.818600000 TRADE 6/25/04 VALUE 7/14/04 Jul 14 Fwd FX Ctrct - 2,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.829100000 TRADE 7/02/04 VALUE 7/14/04 Jul 14 Spot FX 13,000,000 SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.725000000 TRADE 7/12/04 VALUE 7/14/04 AUSTRALIA DOLLAR U S DOLLAR Amount USD 4,735,807.66 14,679,200.00 7,959,689.92 5,455,800.00 3,658,200.00 - 9,425,000.00 EFTA01554067

07 Settlement Date Jul 14 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 53 of 65 U S Dollar Activity by Date Type continued Quantity Description Spot FX 20,000,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.660000000 TRADE 7/12/04 VALUE 7/14/04 U ZEALAND DOLLAR U S DOLLAR Jul 14 Spot FX 518,050,000 SPOT CURRENCY TRANSACTION - BUY BUY JPY SELL USD SPOT RATE : 108.250000000 TRADE 7/12/04 VALUE 7/14/04 JAPANESE YEN U S DOLLAR Jul 14 Spot FX 13,000,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.860000000 TRADE 7/12/04 VALUE 7/14/04 POUND STERLING U S DOLLAR Jul 14 Jul 14 Sale Spot FX - 1,875,309.01 677,070,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 203.500000000 TRADE 7/13/04 VALUE 7/14/04 HUNGARIAN FORINT U S DOLLAR Amount USD - 13,200,000.00 - 4,785,681.29 - 24,180,000.00 1,875,309.01 - 3,327,125.30 EFTA01554068

07 Settlement Date Jul 14 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 54 of 65 U S Dollar Activity by Date Type continued Quantity Description Spot FX 1,017,150,000 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 203.430000000 TRADE 7/13/04 VALUE 7/14/04 HUNGARIAN FORINT U S DOLLAR Jul 16 Spot FX 1,017,150,000 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 201.350000000 TRADE 7/14/04 VALUE 7/16/04 HUNGARIAN FORINT U S DOLLAR Jul 16 Spot FX -1,017,150,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL HUF SPOT RATE : 201.750000000 TRADE 7/14/04 VALUE 7/16/04 U S DOLLAR HUNGARIAN FORINT Jul 16 Jul 19 Sale Misc. Disbursement - 10,015.67 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) WALT DISNEY CO EQUITY SWAP 24,954,900 USD NOTIONAL JAN 19 2005 DEAL REF f 2353480 INTEREST DUE ON EQUITY SWAP Jul 19 Sale - 84,426.86 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 84,426.86 10,015.67 - 84,426.86 Amount USD - 5,000,000.00 - 5,051,651.35 5,041,635.68 EFTA01554069

07 Settlement Date Jul 20 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 55 of 65 U S Dollar Activity by Date Type continued Quantity Description Buy-Back Opt 5,750,000.66 GBP PUT USD CALL FX EUROPEAN STYLE OPTION AUG 20, 2004 @ 1.875 KNOCK IN TRIGGERED @ 1.8375 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 07/16/04 Jul 20 Jul 21 Sale Free Delivery - 143,391 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) - 1 INTEREST RATE SWAP 10,000,000 AUD NOTIONAL 3/9/2014 REC:FIXED RATE 5.72% AUD SEMI-ANNUAL PAY: FLOATING RATE AUD 3 MONTH BANK BILL RATE ACTUAL/365 IR SWAP UNWIND JPMORGAN CHASE BANK TRADE DATE 07/19/04 Jul 21 Misc. Disbursement INTEREST RATE SWAP 10,000,000 AUD NOTIONAL 3/9/2014 REC:FIXED RATE 5.72% AUD SEMI-ANNUAL PAY: FLOATING RATE AUD 3 MONTH BANK BILL RATE ACTUAL/365 IR SWAP UNWIND Jul 21 Buy-Back Opt 636,000,000 HUF PUT USD CALL FX EUROPEAN STYLE OPTION SEP 16, 2004 @ 212. KNOCK IN @ 220 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 07/19/04 - 29,700.00 - 79,631.00 143,391.00 Amount USD - 143,391.00 EFTA01554070

07 Settlement Date Jul 21 Jul 22 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 56 of 65 U S Dollar Activity by Date Type continued Quantity Description Sale Sell Option - 109,331 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) - 5,000,000 EUR CALL USD PUT FX EUROPEAN STYLE OPTION NOV 01, 2004 @ 1.25 KNOCK OUT @ 1.1375 KNOCK OUT @ 1.21 BARRIER EXP 12/1/03 RESALE OF PURCHASED FX OPTION TRADE DATE 07/20/04 Jul 22 Buy-Back Opt 10,000,000 ?MD PUT USD CALL FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .625 KNOCK IN @ .615 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 07/20/04 Jul 22 Jul 23 sale Spot FX - 61,563 5,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.861600000 TRADE 7/20/04 VALUE 7/23/04 POUND STERLING U S DOLLAR Jul 23 Spot FX - 2,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.836600000 TRADE 7/21/04 VALUE 7/23/04 U S DOLLAR POUND STERLING 61,563.00 - 9,308,000.00 - 149,063.00 Amount USD 109,331.00 87,500.00 3,673,200.00 EFTA01554071

07 Settlement Date Jul 23 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 57 of 65 U S Dollar Activity by Date Type continued Quantity Description Spot FX - 3,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.842100000 TRADE 7/21/04 VALUE 7/23/04 U S DOLLAR Jul 23 Buy-Back Opt 28,428,000 POUND STERLING ZAR CALL USD PUT FX EUROPEAN STYLE OPTION JUL 30, 2004 @ 6.18 KNOCK IN TRIGGERED @ 5.95 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 07/21/04 Jul 23 Jul 27 Sale Buy-Back Opt - 211,080 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 33,372,000 ZAR CALL USD PUT FX EUROPEAN STYLE OPTION JUL 30, 2004 @ 6.18 KNOCK IN TRIGGERED @ 5.95 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 07/23/04 Jul 27 Jul 29 Sale Buy-Back Opt - 89,100 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 7,000,000 NZD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .64 KNOCK IN TRIGGERED @ .6515 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 07/27/04 89,100.00 - 100,800.00 211,080.00 - 89,100.00 Amount USD 5,526,300.00 - 102,580.00 EFTA01554072

07 Settlement Date Jul 29 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 58 of 65 U S Dollar Activity by Date Type continued Quantity Description Buy-Back Opt 10,000,000 NZD PUT USD CALL FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .625 KNOCK IN @ .615 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 07/27/04 Jul 29 Jul 30 sale Fwd FX Ctrct - 305,800 - 5,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.222000000 TRADE 7/21/04 VALUE 7/30/04 Jul 30 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.223000000 TRADE 7/21/04 VALUE 7/30/04 Jul 30 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.711200000 TRADE 7/21/04 VALUE 7/30/04 Jul 30 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.713700000 TRADE 7/21/04 VALUE 7/30/04 Jul 30 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.635900000 TRADE 7/21/04 VALUE 7/30/04 305,800.00 6,110,000.00 Amount USD - 205,000.00 12,230,000.00 3,556,000.00 7,137,000.00 3,179,500.00 EFTA01554073

07 Settlement Date Jul 30 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 59 of 65 U S Dollar Activity by Date Type continued Quantity Description Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.639400000 TRADE 7/21/04 VALUE 7/30/04 Jul 30 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.835400000 TRADE 7/21/04 VALUE 7/30/04 Jul 30 Fwd FX Ctrct 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.638500000 TRADE 7/23/04 VALUE 7/30/04 Jul 30 Fwd FX Ctrct 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.217500000 TRADE 7/23/04 VALUE 7/30/04 Jul 30 Fwd FX Ctrct 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.710200000 TRADE 7/23/04 VALUE 7/30/04 Jul 30 Fwd FX Ctrct 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.712100000 TRADE 7/23/04 VALUE 7/30/04 Jul 30 Fwd FX Ctrct 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.222000000 TRADE 7/23/04 VALUE 7/30/04 Amount USD 6,394,000.00 9,177,000.00 - 3,192,500.00 - 6,087,500.00 - 7,102,000.00 - 3,560,500.00 - 12,220,000.00 EFTA01554074

07 Settlement Date Jul 30 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 60 of 65 U S Dollar Activity by Date Type continued Quantity Description Spot FX 5,000,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.822500000 TRADE 7/28/04 VALUE 7/30/04 POUND STERLING U S DOLLAR Jul 30 Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.627500000 TRADE 7/28/04 VALUE 7/30/04 U ZEALAND DOLLAR U S DOLLAR Jul 30 Spot FX - 5,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.822400000 TRADE 7/28/04 VALUE 7/30/04 U S DOLLAR POUND STERLING Jul 30 Spot FX 5,000,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.817500000 TRADE 7/28/04 VALUE 7/30/04 POUND STERLING U S DOLLAR Jul 30 Purchase 258,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) - 9,087,500.00 Amount USD - 9,112,500.00 - 6,275,000.00 9,112,000.00 - 258,000.00 EFTA01554075

07 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 61 of 65 In Case of Errors or Questions About Your Electronic Transfers. Contact yourMorgan Teamat one ofthe telephonenumbers on the front of this statement or write us at 5 00 Stanton ChristianaRoad, 1/OPS, Newark,DE19713-2107 as soon as you can, if you think yourstatement is wrong or if you needmore information about a transfer on the statement. We must hearfrom you no laterthan 60 days afterwe sent you the FIRSTstatement on w hich the erroror problem appeared. (1) Tellus yourname and account number. (2) Describethe erroror t he transferyou are unsure about, and explainas clearly as you can why you believe it is in erroror why you need more information. (3) tell us the dollaramount of the suspected error. Ifyou contact us orally, you must send us your complaint or question in wri ting within 10 business days in order to preserveyour rights. We will investigateyourcomplaint and will correct any errorpromptly. Ifwe take more than 10 business days to do this (20 days for purchases using yourdebit card or for internationaltransactions),we will credi t youraccount for the amount you think is in error, so that you will have the use ofmoneyduring the time it takes us to complete our investigation. In case of errors or questions about your statement, including your line of credit. If you think that your statement is incorrect or if you need more information about a transaction on your statement including a line of credit transaction, you must write to us on a separate sheet des cribing the error and send it to: JPMorgan, Private Bank, 500 Stanton Christiana Road, 1/OPS3, Newark, DE 19713-2107. We must hear from you no 1 ater than 60 days after the statement on which the error or problem appeared is sent. You can contac t your client service specialist but doing so will not preserve your rights. In your letter, please provide the following information: (1) your name and account number; (2) the dollar amount of the suspected error; and (3) a description of the error and explanation, if you can , why you believe there is an error. If you need more information, you must describe the item you are unsure about. The JPMorgan Funds or The JPMorgan Institutional Funds or The American Century Funds Shares of the funds are not bank deposits and are not guaranteedby any bank, governmententity, or th e FDIC. Return and share price will fluctuate and redemption valuemay be more or less than original cost. While the money marketfunds seekto maintain a stable net asset valueof$1.00 pershare, there is no assurancethat they will continue to do so. The estimatedann ualincome and dividendyieldfigures for mutual funds representthe funds' most recentincome dividendan nualized. J.P. Morgan Funds Distributor, Inc. is the distributor of the JPMorgan Funds and American Centurylnv estmentServices, Inc. is the distributor of the American CenturyFunds. J.P. Morgan InvestmentManagem entlnc. and American CenturylnvestmentManagement Inc. serveas investment advisors to theirrespectivefund familiesand receivecompensation from theirrespect ivefund families for providing investment advisoryand other services. If you have chosen one of the sweep mutual funds, you are notified that positions in the Prime Money Market Sweep Fund represent holdings in the JPMorgan Prime Money Market Fund; positions in the Fede ralMoney Market Sweep Fund represent holdings in the JPMorgan FederalMoneyMarketFund; and positions in the TaxExemptMoneyMarketSweep Fund representholdin gs in the JPMorgan TaxExemptMoneyMarketFund. JPMSI is the custodian of listed options and most mutual funds, including third partymutual funds, p urchasedthrough JPMSI. JPMSI is a memberof the Securities InvestorProtection Corporation ("SIPC"),a not-for-profit membersh ip corporation funded by broker-dealersregisteredwith the Securitiesand ExchangeCommission. Securiti esand cash held for a customer account at JPMSI are protected up to the total net equity of each account.. The first $500,000 of protection, which includes up to $ 100,000 of protection for cash, is providedby SIPC. As ofMarch 2004, the balanceof the protection is providedby a separateExcessSlPC SuretyBond issued by Customer Asset Protection Company. SIPCand excessSlPCprotection do not protect against losses from fluctuatio ns in the valueof the securities. Assets held in custody by JPMorgan ChaseBank(the "Bank")are not su bject to SIPCor excessSlPC protection. J.P. Morgan Securities Inc., JPMorgan Chase Bank or their affiliates (the "Morgan Companies")may pro vide administrative, custodial, sales, distribution or shareholderservices to JPMorgan Funds, Americ an Century Funds, or funds established, sponsored, advised, or managedby third parties, and the Morgan Companiesmaybe compensatedfor such services. EFTA01554076

07 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio July 01, 2004 - July 31, 2004 Page 62 of 65 Explanation of JPMSI Ratings: Overweight: Neutral: JPMorgan uses the following rating system: Underweight: Independent Research Ratings: Over the next six to twelve months, we expect this stock will outperform the average total return of the stocks in the analyst's (or the analyst's team's) coverage universe. Over the next six to twelve months, we expect this stock will perform in line with the average total return of the stocks in the analyst's (or the analyst's team's) coverage universe. Over the next six to twelve months, we expect this stock will under-perform the average total return of the stocks in the analyst's (or the analyst's team's) coverage universe. JPMSI does not endorse or otherwise adopt the IndependentResearchProviderresearchand/or ratings. Dif ferentfirms use a varietyof ratings terms as well as differentratings systems to describe their reco mmendations. JPMSI uses a "relative"ratings system as describedabove. IRPsmayuse a differentratings system, such as as an "abs olute"ratings system and use such terms as "buy", "hold", or "sell". Since "relative"and "absolute"r atings systems are fundamentallydifferent, you should read carefully the definitions of all ratings used in the JPMSI and IRP research that is included in the research i tself. For this reason and since the research contains the basis for the ratings as well as complete information concerning the analyst's views, you should read carefully the researchand not inferits contents from the rating alone. JPMorgan Private Bank is the marketing name for the private banking business conducted by J.P.Morgan Chase & Co. through its subsidiaries worldwide, including JPMorgan Chase Bank, J.P. Morgan Trust Co mpany, N.A. and J.P. Morgan Securities Inc. EFTA01554077

07 J.P. Morgan Securities Inc. 2004 Account Number: 161121381 FINANCIAL TRUST COMPANY INC 270 Park Avenue, New York, NY 10017 Margin Account Portfolio July 01, 2004 - July 31, 2004 Page 63 of 65 Margin Account Portfolio July 1 - July 31, 2004 Table of Contents Portfolio Summary Account Officers D'ORAZIO/HORNAK Page 64 All positions in this Margin Account Portfolio are held in custody at J.P. Morgan Securities Inc. (mJPMSI"). Member SIPC. EFTA01554078

07 J.P. Morgan Securities Inc. 2004 Account Number: 161121381 FINANCIAL TRUST COMPANY INC 270 Park Avenue, New York, NY 10017 Margin Account Portfolio July 01, 2004 - July 31, 2004 Page 64 of 65 Overview Portfolio Summary IMPORTANT INFORMATION ABOUT YOUR STATEMENT Contact your client service specialist if you think your statement is incorrect or you require addit ional information about a transaction on your statement. JPMSI is a memberof the Securities InvestorProtection Corporation ("SIPC"),a not-for-profit membersh ip corporation funded by broker-dealersregisteredwith the Securitiesand ExchangeCommission. Securiti esand cash held for a customer account at JPMSI are protected up to the total net equity of each account.. The first $500,000 of protection, which includes up to $ 100,000 of protection for cash, is providedby SIPC. As ofMarch 2004, the balanceof the protection is providedby a separateExcessSlPC SuretyBond issued by Customer Asset Protection Company. SIPCand excessSlPCprotection do not protect against losses from fluctuatio ns in the valueof the securities. Assets held in custody by JPMorgan ChaseBank(the "Bank")are not su bject to SIPCor excessSlPC protection. J.P. Morgan Securities Inc., JPMorgan Chase Bank or their affiliates (the "Morgan Companies")may pro vide administrative, custodial, sales, distribution or shareholderservices to JPMorgan Funds, Americ an Century Funds, or funds established, sponsored, advised, or managedby third parties, and the Morgan Companiesmaybe compensatedfor such services. Market Value USD Total Jul 31 0.00 Estimated Annual Income USD EFTA01554079

07 J.P. Morgan Securities Inc. 2004 Account Number: 161121381 FINANCIAL TRUST COMPANY INC 270 Park Avenue, New York, NY 10017 Margin Account Portfolio July 01, 2004 - July 31, 2004 Page 65 of 65 IMPORTANT INFORMATION ABOUT YOUR JPMSI MARGIN ACCOUNT If there are any errors or omissions on this statement, or if you have any questions about it, pleas e contact your JPMSI Account Representative or JPMSI Compliance Department at (212) 483-2323. Please keep the following in mind when using this statement to track your JPMSI brokerage activity: This statement combines your general margin account with the special memorandum account required by Section 220.6 Regulation T. As required by Regulation T, a permanent record of your separate account is available upon your requ est. Important Information about Pricing and Valuations. Prices, some of which are provided by pricing services or other sources which we deem reliable, are not guaranteed for accuracy or as realizable values Free credit balances in your account are not segregated and may be used in the operation of JPMSIs b usiness, subject to the limitations of SEC Rule 15c3-3. Unless otherwise instructed, JPMSI or its ag ents and depositories will hold your securities. Upon your demand, JPMSI will pay to you the amount of your free credit balance, and will deliver to you f ully-paid securities held on your behalf. Interest will be charged on any debit balance; the method of calculating interest is described in a letter sent to all margin customers. Upon written request, JPMSI will supply you with our most recen t statement required to be furnished to customers under SEC Rule 17a-5(c). If a partial call is made with respect to an issue of securities included in your Margin Account we will allocate the call by a method we deem fair and equitable. You should have received separate JPMSI trade confirmations for each securities transaction. All tra nsactions are subject to the terms and conditions stated on the reverse side of such confirmations a nd are subject to the constitution, by-laws, customs and interpretations of the marketplace where executed and governed by and construed in accordance wi th the laws of the state of New York and all applicable federal laws and regulations. You must promptly advise JPMSI of material changes in your investment objectives or financial situat ion. Unless you inform JPMSI otherwise, JPMSI will consider the information currently in its files t o be complete and accurate. JPMSI is required by law to report to the Internal Revenue Service all dividends and/or interest inc ome on bonds credited to your account during calendar year. Please retain all your statements to ass ist you in preparing your income tax returns. A financial statement of JPMSI is available for your personal inspection at its offices, or a copy o f it will be mailed upon your written request. JPMSI is not a bank and is a separate legal entity from its bank or thrift affiliates, including JPM CB. The securities sold, offered or recommended by JPMSI: (1) Are not insured by the Federal Deposit Insurance Corporation, or any other governmental agency; (2) Are not deposits or other obligations of JPMSI's bank or thrift affiliates (unless otherwise ind lasted), and are not guaranteed by or the responsibility of any such affiliates(unless explicitly st ated otherwise); and (3) Involve investment risks, including possible loss of the principal invested. JPMSI's banking affiliates may be lenders to issuers of securities that JPMSI underwrites, in which case proceeds of offerings underwritten by JPMSI may be used for the repayment of such loans, and yo u should refer to the disclosure documents relating to particular securities for discussion of any such lending relationships. The Federal Reserve requires that JPMSI obtain your consent before it can obtain certain information from its bank or thrift affiliates, including their credit evaluation of you. We will assume that y our continuing to transact business with JPMSI will constitute your consent to the sharing of such information by JPMSI and its bank or thrift affiliate s, to the extent permitted by law. JPMorgan Private Bank is the marketing name for the private banking business conducted by J.P. Morga n Chase a Co. through its subsidiaries worldwide, including JPMCB and JPMSI. EFTA01554080