10 Settlement Date Oct 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 October 01, 2004 - October 31, 2004 Page 60 of 74 U S Dollar Activity by Date Type continued Quantity Description Fwd FX Ctrct 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.625400000 TRADE 5/27/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.625400000 TRADE 5/27/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 13,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.688300000 TRADE 9/10/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 20,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.649300000 TRADE 9/10/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 3,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.783000000 TRADE 9/10/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct -1,694,220,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL HUF CONTRACT RATE : 207.650000000 TRADE 9/10/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct -1,072,250,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 109.580000000 EFTA01554442

TRADE 9/10/04 VALUE 10/20/04 Amount USD - 3,127,000.00 - 3,127,000.00 8,947,900.00 12,986,000.00 5,349,000.00 8,159,017.57 9,785,088.52 EFTA01554443

10 Settlement Date Oct 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 October 01, 2004 - October 31, 2004 Page 61 of 74 U S Dollar Activity by Date Type continued Quantity Description Fwd FX Ctrct -1,098,200,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 109.820000000 TRADE 9/10/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.794200000 TRADE 9/21/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.795200000 TRADE 9/21/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 6,350,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 110.510000000 TRADE 9/22/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 1,103,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY JPY SELL USD CONTRACT RATE : 110.300000000 TRADE 9/22/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 57,307,500 SETTLE FORWARD CURRENCY CONTRACT BUY MXN SELL USD CONTRACT RATE : 11.461500000 TRADE 9/24/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 3,450,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 111.250000000 EFTA01554444

TRADE 9/27/04 VALUE 10/20/04 Amount USD 10,000,000.00 8,971,000.00 8,976,000.00 57,460.86 - 10,000,000.00 - 5,000,000.00 31,011.23 EFTA01554445

10 Settlement Date Oct 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 October 01, 2004 - October 31, 2004 Page 62 of 74 U S Dollar Activity by Date Type continued Quantity Description Fwd FX Ctrct - 10,850,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 111.250000000 TRADE 9/27/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 12,924,600 SETTLE FORWARD CURRENCY CONTRACT BUY ZAR SELL USD CONTRACT RATE : 6.462300000 TRADE 9/29/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.242300000 TRADE 9/30/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 17,500,000 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.721300000 TRADE 9/30/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 17,500,000 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.674200000 TRADE 9/30/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 57,307,500 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL MXN CONTRACT RATE : 11.344400000 TRADE 10/05/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.722600000 EFTA01554446

TRADE 10/05/04 VALUE 10/20/04 Amount USD 97,528.08 - 2,000,000.00 - 12,423,000.00 - 12,622,750.00 - 11,798,500.00 5,051,611.36 7,226,000.00 EFTA01554447

10 Settlement Date Oct 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 October 01, 2004 - October 31, 2004 Page 63 of 74 U S Dollar Activity by Date Type continued Quantity Description Fwd FX Ctrct - 7,500,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.724100000 TRADE 10/06/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.674900000 TRADE 10/06/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 7,500,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.679400000 TRADE 10/08/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.241400000 TRADE 10/08/04 VALUE 10/20/04 Oct 20 Fwd FX Ctrct 549,400,000 SETTLE FORWARD CURRENCY CONTRACT BUY JPY SELL USD CONTRACT RATE : 110.930000000 TRADE 10/05/04 VALUE 10/20/04 Oct 20 Spot FX - 12,924,600 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL ZAR SPOT RATE : 6.360000000 TRADE 10/18/04 VALUE 10/20/04 U S DOLLAR S AFRICAN RAND Amount USD 5,430,750.00 6,749,000.00 5,095,500.00 EFTA01554448

12,414,000.00 - 4,952,672.85 2,032,169.81 EFTA01554449

10 Settlement Date Oct 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 October 01, 2004 - October 31, 2004 Page 64 of 74 U S Dollar Activity by Date Type continued Quantity Description Buy-Back Opt 250 WTI OTC EUROPEAN CALL OPTION DEC 15 2004 @ 55 STRIKE 55 EXPIRING 12/15/2004 BUY BACK OTC CALL TRADE DATE 10/18/04 Oct 20 Write Option - 20,000,000 EUR CALL USD PUT FX EUROPEAN STYLE OPTION NOV 18, 2004 @ 1.25 KNOCK IN @ 1.265 WRITTEN FX OPTION CALL 20,000,000.00 EUR PUT 25,000,000.00 USD TRADE DATE 10/18/04 Oct 20 Misc. Disbursement WALT DISNEY CO EQUITY SWAP 24,954,900 USD NOTIONAL JAN 19 2005 DEAL REF # 2353480 INTEREST DUE ON EQUITY SWAP AS OF 10/19/04 Oct 20 Oct 20 Purchase Spot FX 4,921,776.34 8,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - BUY BUY CHF SELL USD SPOT RATE : 1.228400000 TRADE 10/19/04 VALUE 10/20/04 SWISS FRANC U S DOLLAR - 4,921,776.34 - 6,512.54 - 114,009.40 232,500.00 Amount USD - 607,500.00 EFTA01554450

EFTA01554451

10 Settlement Date Oct 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 October 01, 2004 - October 31, 2004 Page 65 of 74 U S Dollar Activity by Date Type continued Quantity Description Spot FX 18,900,000 SPOT CURRENCY TRANSACTION - BUY BUY JPY SELL USD SPOT RATE : 108.390000000 TRADE 10/19/04 VALUE 10/20/04 JAPANESE YEN U S DOLLAR Oct 20 Spot FX - 5,017,906.26 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL CHF SPOT RATE : 1.245200000 TRADE 10/15/04 VALUE 10/20/04 U S DOLLAR SWISS FRANC Oct 20 Write Option - 250 WTI SHORT PUT OPTION USD CALL OPTION STRIKE 50.00 EXPIRING 1/14/2005 SALE OF PUT OPTION ON OIL TRADE DATE 10/18/04 Oct 20 Write Option - 250 ENTRY REVERSED ON 10/27/2004 WTI SHORT PUT OPTION USD CALL OPTION STRIKE 59.00 EXPIRING 1/14/2005 SALE OF PUT OPTION ON OIL TRADE DATE 10/18/04 162,500.00 Amount USD - 174,370.33 4,029,799.43 487,500.00 EFTA01554452

10 Settlement Date Oct 21 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 October 01, 2004 - October 31, 2004 Page 66 of 74 U S Dollar Activity by Date Type continued Quantity Description Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.797700000 TRADE 10/19/04 VALUE 10/21/04 POUND STERLING U S DOLLAR Oct 21 Oct 21 Purchase Spot FX 29,330 10,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.685000000 TRADE 10/19/04 VALUE 10/21/04 N ZEALAND DOLLAR U S DOLLAR Oct 21 Spot FX - 10,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NZD SPOT RATE : 0.687000000 TRADE 10/19/04 VALUE 10/21/04 U S DOLLAR N ZEALAND DOLLAR Oct 21 Spot FX - 10,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.798633000 TRADE 10/18/04 VALUE 10/21/04 U S DOLLAR POUND STERLING 17,986,330.00 Amount USD - 17,977,000.00 - 29,330.00 - 6,850,000.00 6,870,000.00 EFTA01554453

EFTA01554454

10 Settlement Date Oct 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 October 01, 2004 - October 31, 2004 Page 67 of 74 U S Dollar Activity by Date Type continued Quantity Description Buy-Back Opt 20,000,000 EUR CALL USD PUT FX EUROPEAN STYLE OPTION NOV 18, 2004 @ 1.25 KNOCK IN @ 1.265 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 10/20/04 Oct 22 Write Option - 20,000,000 EUR PUT USD CALL FX EUROPEAN STYLE OPTION APR 20, 2005 @ 1.255 WRITTEN FX OPTION PUT 20,000,000.00 EUR CALL 25,100,000.00 USD TRADE DATE 10/20/04 Oct 22 Oct 25 Purchase Spot FX 201,200 - 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 EUR SPOT RATE : 1.264000000 TRADE 10/21/04 VALUE 10/25/04 U S DOLLAR EURO PRINCIPAL CURRENCY Oct 25 Spot FX - 10,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.263500000 TRADE 10/21/04 VALUE 10/25/04 U S DOLLAR EURO PRINCIPAL CURRENCY Oct 25 Purchase 67,100 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) - 67,100.00 EFTA01554455

12,635,000.00 - 201,200.00 12,640,000.00 614,950.00 Amount USD - 413,750.00 EFTA01554456

10 Settlement Date Oct 25 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 October 01, 2004 - October 31, 2004 Page 68 of 74 U S Dollar Activity by Date Type continued Quantity Description Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.261295000 TRADE 10/20/04 VALUE 10/25/04 EURO PRINCIPAL CURRENCY U S DOLLAR Oct 25 Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.259495000 TRADE 10/20/04 VALUE 10/25/04 EURO PRINCIPAL CURRENCY U S DOLLAR Oct 27 Fwd FX Ctrct 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.258975000 TRADE 10/19/04 VALUE 10/27/04 Oct 27 Write Option 250 TO REVERSE ENTRY OF 10/20/2004 WTI SHORT PUT OPTION USD CALL OPTION STRIKE 59.00 EXPIRING 1/14/2005 SALE OF PUT OPTION ON OIL TRADE DATE 10/18/04 AS OF 10/20/04 Oct 27 Purchase 213,250 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) - 213,250.00 Amount USD - 12,612,950.00 - 12,594,950.00 - 12,589,750.00 EFTA01554457

- 162,500.00 EFTA01554458

10 Settlement Date Oct 27 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 October 01, 2004 - October 31, 2004 Page 69 of 74 U S Dollar Activity by Date Type continued Quantity Description Spot FX - 10,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.280300000 TRADE 10/25/04 VALUE 10/27/04 U S DOLLAR EURO PRINCIPAL CURRENCY Oct 27 Write Option - 250 WTI SHORT CALL OPTION USD PUT OPTION STRIKE 59.00 EXPIRING 1/14/2005 SALE OF CALL OPTION ON OIL TRADE DATE 10/18/04 Oct 28 Oct 28 Sale Fwd FX Ctrct - 2,184,900 - 10,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.726510000 TRADE 10/19/04 VALUE 10/28/04 Oct 28 Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.745000000 TRADE 10/27/04 VALUE 10/28/04 AUSTRALIA DOLLAR U S DOLLAR Oct 28 Misc. Disbursement FUNDS TRANSFERRED FROM BRKRG AC# Q30171005 (PRN) TO DDA AC# 000739110438 LETTER FROM CLIENT 2,184,900.00 7,265,100.00 EFTA01554459

162,500.00 Amount USD 12,803,000.00 - 7,450,000.00 - 2,000,000.00 EFTA01554460

10 Settlement Date Oct 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 October 01, 2004 - October 31, 2004 Page 70 of 74 U S Dollar Activity by Date Type continued Quantity Description Spot FX - 20,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.275600000 TRADE 10/26/04 VALUE 10/29/04 U S DOLLAR EURO PRINCIPAL CURRENCY Oct 29 Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.272300000 TRADE 10/27/04 VALUE 10/29/04 EURO PRINCIPAL CURRENCY U S DOLLAR Oct 29 Spot FX 10,000,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.271300000 TRADE 10/27/04 VALUE 10/29/04 EURO PRINCIPAL CURRENCY U S DOLLAR Oct 29 Purchase 76,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) - 12,723,000.00 Amount USD 25,512,000.00 - 12,713,000.00 - 76,000.00 In Case of Errors or Questions About Your Electronic Transfers. Contact yourMorgan Teamat one ofthe telephonenumbers on the front of this statem ent or write us at 500 Stanton ChristianaRoad, 1/OPS, Newark,DE19713-2107 as soo n 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 which the erroror problem appeared. (1) Tellus yourname and a ccount number. (2) Describethe erroror the transferyou are unsure about, and exp lainas clearly as you can why you believe it is in erroror why you need more information. (3) tell EFTA01554461

us the dollaramount of the suspected error. Ifyou contact us orally, you must s end us your complaint or question in writing 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 credit youraccount for the amount you think i s in error, so that you will have the use ofmoneyduring the time it takes us to complete our investigation. EFTA01554462

10 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 October 01, 2004 - October 31, 2004 Page 71 of 74 In case of errors or questions about your statement, including your line of cred it. If you think that your statement is incorrect or if you need more information ab out a transaction on your statement including a line of credit transaction, you must write to us on a separate sheet describing the error and send it to: JPMorg an, Private Bank, 500 Stanton Christiana Road, 1/OPS3, Newark, DE 19713-2107. We mus t hear from you no later than 60 days after the statement on which the error or problem appeared is sent. You can contact your client service specialist but doing so will not preserve your rights. In your letter, please provide the following information: (1) your name and acco unt 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 F unds Shares of the funds are not bank deposits and are not guaranteedby any bank, gov ernmententity, or the 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 estimatedannualincome and dividendyieldfigures for mutual funds represen tthe funds' most recentincome dividendannualized. J.P. Morgan Funds Distributor, Inc. is the distributor of the JPMorgan Funds and American CenturylnvestmentServices, Inc. is the distributor of the American Cen turyFunds. J.P. Morgan InvestmentManagementInc. and American CenturylnvestmentMa nagement Inc. serveas investment advisors to theirrespectivefund familiesand receivecompensati on from theirrespectivefund families for providing investment advisoryand other services. If you have chosen one of the sweep mutual funds, you are notified that position s in the Prime Money Market Sweep Fund represent holdings in the JPMorgan Prime Money Market Fund; positions in the FederalMoney Market Sweep Fund represent hol dings in the JPMorgan FederalMoneyMarketFund; and positions in the TaxExemptMoneyMarketSweep Fund representholdings in the JPMorgan TaxExemptMoneyMarketFund. JPMSI is the custodian of listed options and most mutual funds, including third partymutual funds, purchasedthrough JPMSI. JPMSI is a memberof the Securities InvestorProtection Corporation ("SIPC"),a not -for-profit membership corporation funded by broker-dealersregisteredwith the Se curitiesand ExchangeCommission. Securitiesand cash held for a customer account a t JPMSI are protected up to the total net equity ofeach account.. The first $500,000 of protection, wh ich includes up to $100,000 of protection for cash, is providedby SIPC. As ofMar ch 2004, the balanceof the protection is providedby a separateExcessSlPC SuretyB and issued by Customer Asset Protection Company. SIPCand excessSlPCprotection do not protect against lo sses from fluctuations in the valueof the securities. Assets held in custody by JPMorgan Chase Bank, N.A. (the "Bank")are not subject to SIPCor excess SIPCprote ction. J.P. Morgan Securities Inc., JPMorgan Chase Bank, N.A. or their affiliates(the " Morgan Companies")mayprovide administrative,custodial, sales, distribution or sh areholderservicesto JPMorgan Funds, AmericanCenturyFunds, or funds established, EFTA01554463

sponsored, advised, or managedby third parties, and the Morgan Companiesmaybe compensatedfor such servi ces. Explanation of JPMSI Ratings: Overweight: Neutral: JPMorgan uses the following rating system: Underweight: Independent Research Over the next six to rage total return of age universe. Over the next six to th the average total m's) coverage universe. Over the next six to twelve average total return of the verage universe. JPMSI does not endorse or otherwise adopt the IndependentResearchProviderresearc hand/or ratings. Differentfirms use a varietyof ratings terms as well as differe ntratings systems to describe their recommendations. JPMSI uses a "relative"ratings system as describedabove. IRPsmayuse a differentratings system , such as as an "absolute"ratings system and use such terms as "buy", "hold", or "sell". Since "relative"and "absolute"ratings systems are fundamentallydifferen t, you should read carefully the definitions of all ratings used in the JPMSI and IRP research that is includ ed in the research itself. For this reason and since the research contains the b asis for the ratings as well as complete information concerning the analyst's vi ews, 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 con ducted by J.P.Morgan Chase & Co. through its subsidiaries worldwide, including J PMorgan Chase Bank, N.A., J.P. Morgan Trust Company, N.A. and J.P. Morgan Securi ties Inc. Ratings: twelve months, we expect this stock will outperform the ave the stocks in the analyst's (or the analyst's team's) cover twelve months, we expect this stock will perform in line wi return of the stocks in the analyst's (or the analyst's tea months, we expect this stock will under-perform the stocks in the analyst's (or the analyst's team's) co EFTA01554464

10 J.P. Morgan Securities Inc. 2004 Account Number: 161121381 FINANCIAL TRUST COMPANY INC 270 Park Avenue, New York, NY 10017 Margin Account Portfolio October 01, 2004 - October 31, 2004 Page 72 of 74 Margin Account Portfolio October 1 - October 31, 2004 Table of Contents Portfolio Summary Account Officers D'ORAZIO/HORNAK Page 73 All positions in this Margin Account Portfolio are held in custody at J.P. Morga n Securities Inc. ("JPMSI"). Member SIPC. EFTA01554465

10 J.P. Morgan Securities Inc. 2004 Account Number: 161121381 FINANCIAL TRUST COMPANY INC 270 Park Avenue, New York, NY 10017 Margin Account Portfolio October 01, 2004 - October 31, 2004 Page 73 of 74 Overview Portfolio Summary IMPORTANT INFORMATION ABOUT YOUR STATEMENT Contact your client service specialist if you think your statement is incorrect or you require additional information about a transaction on your statement. JPMSI is a memberof the Securities InvestorProtection Corporation ("SIPC"),a not -for-profit membership corporation funded by broker-dealersregisteredwith the Se curitiesand ExchangeCommission. Securitiesand cash held for a customer account a t JPMSI are protected up to the total net equity ofeach account.. The first $500,000 of protection, wh ich includes up to $100,000 of protection for cash, is providedby SIPC. As ofMar ch 2004, the balanceof the protection is providedby a separateExcessSlPC SuretyB and issued by Customer Asset Protection Company. SIPCand excessSlPCprotection do not protect against lo sses from fluctuations in the valueof the securities. Assets held in custody by JPMorgan Chase Bank, N.A. (the "Bank")are not subject to SIPCor excess SIPCprote ction. J.P. Morgan Securities Inc., JPMorgan Chase Bank, N.A. or their affiliates(the " Morgan Companies")mayprovide administrative,custodial, sales, distribution or sh areholderservicesto JPMorgan Funds, AmericanCenturyFunds, or funds established, sponsored, advised, or managedby third parties, and the Morgan Companiesmaybe compensatedfor such servi ces. Market Value USD Total Oct 31 0.00 Estimated Annual Income USD EFTA01554466

10 J.P. Morgan Securities Inc. 2004 Account Number: 161121381 FINANCIAL TRUST COMPANY INC 270 Park Avenue, New York, NY 10017 Margin Account Portfolio October 01, 2004 - October 31, 2004 Page 74 of 74 IMPORTANT INFORMATION ABOUT YOUR JPMSI MARGIN ACCOUNT If there are any errors or omissions on this statement, or if you have any quest ions about it, please contact your JPMSI Account Representative or JPMSI Complia nce 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 avai lable upon your request. 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 o peration of JPMSIs business, subject to the limitations of SEC Rule 15c3-3. Unle ss otherwise instructed, JPMSI or its agents and depositories will hold your sec urities. Upon your demand, JPMSI will pay to you the amount of your free credit balance, and w ill deliver to you fully-paid securities held on your behalf. Interest will be charged on any debit balance; the method of calculating interes t is described in a letter sent to all margin customers. Upon written request, J PMSI will supply you with our most recent 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 you r Margin Account we will allocate the call by a method we deem fair and equitabl e . You should have received separate JPMSI trade confirmations for each securities transaction. All transactions are subject to the terms and conditions stated on the reverse side of such confirmations and are subject to the constitution, by-1 aws, customs and interpretations of the marketplace where executed and governed by and constr ued in accordance with the laws of the state of New York and all applicable fede ral laws and regulations. You must promptly advise JPMSI of material changes in your investment objectives or financial situation. Unless you inform JPMSI otherwise, JPMSI will consider the information currently in its files to be complete and accurate. JPMSI is required by law to report to the Internal Revenue Service all dividends and/or interest income on bonds credited to your account during calendar year. Please retain all your statements to assist you in preparing your income tax ret urns A financial statement of JPMSI is available for your personal inspection at its offices, or a copy of it will be mailed upon your written request. JPMSI is not a bank and is a separate legal entity from its bank or thrift affil fates, including JPMCB. The securities sold, offered or recommended by JPMSI: (1) Are not insured by the Federal Deposit Insurance Corporation, or any other g overnmental agency; (2) Are not deposits or other obligations of JPMSI's bank or thrift affiliates unless otherwise indicated), and are not guaranteed by or the responsibility of any such affiliates(unless explicitly stated 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 un derwrites, in which case proceeds of offerings underwritten by JPMSI may be used for the repayment of such loans, and you should refer to the disclosure documen is relating EFTA01554467

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 your continuing to transact business with JPMSI will constitute your consent to the sharing of such information by JPMSI and its bank or thrift affiliates, to the extent permitted by law. JPMorgan Private Bank is the marketing name for the private banking business con ducted by J.P. Morgan Chase & Co. through its subsidiaries worldwide, including JPMCB and JPMSI. EFTA01554468