04 Settlement Date Apr 27 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 74 of 82 U S Dollar Activity by Date Type continued Quantity Description Spot FX 2,500,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.770500000 TRADE 4/23/04 VALUE 4/27/04 POUND STERLING U S DOLLAR Apr 27 Spot FX 2,500,000 SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD SPOT RATE : 1.183200000 TRADE 4/23/04 VALUE 4/27/04 EURO PRINCIPAL CURRENCY U S DOLLAR Apr 27 Spot FX - 2,500,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.182700000 TRADE 4/23/04 VALUE 4/27/04 U S DOLLAR EURO PRINCIPAL CURRENCY Apr 27 Apr 27 Purchase Spot FX 254,104.78 -1,272,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - SALE BUY USD SELL HUF SPOT RATE : 211.930000000 TRADE 4/26/04 VALUE 4/27/04 U S DOLLAR HUNGARIAN FORINT Apr 28 Fwd FX Ctrct 2,500,000 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.730700000 TRADE 4/23/04 VALUE 4/28/04 - 1,826,750.00 - 254,104.78 6,001,981.78 Amount USD - 4,426,250.00 - 2,958,000.00 2,956,750.00 EFTA01553793

04 Settlement Date Apr 28 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 75 of 82 U S Dollar Activity by Date Type continued Quantity Description Fwd FX Ctrct - 2,500,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.731600000 TRADE 4/23/04 VALUE 4/28/04 Apr 28 Spot FX 847,880,000 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 211.970000000 TRADE 4/26/04 VALUE 4/28/04 HUNGARIAN FORINT U S DOLLAR Apr 28 Spot FX 1,272,000,000 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 212.000000000 TRADE 4/26/04 VALUE 4/28/04 HUNGARIAN FORINT U S DOLLAR Apr 28 Apr 28 Purchase Spot FX 49,074.64 -1,059,940,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - SALE BUY USD SELL HUF SPOT RATE : 211.000000000 TRADE 4/27/04 VALUE 4/28/04 U S DOLLAR HUNGARIAN FORINT Apr 28 Spot FX -1,059,940,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL HUF SPOT RATE : 211.000000000 TRADE 4/27/04 VALUE 4/28/04 U S DOLLAR HUNGARIAN FORINT 5,023,412.32 Amount USD 1,829,000.00 - 4,000,000.00 - 6,000,000.00 - 49,074.64 5,023,412.32 EFTA01553794

04 Settlement Date Apr 29 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 76 of 82 U S Dollar Activity by Date Type continued Quantity Description Expired Opt 10,000,000 GBP CALL USD PUT FX EUROPEAN STYLE OPTION APR 28, 2004 @ 1.845 KNOCK IN @ 1.8650 Apr 29 Expired Opt 51,375,000 EXPIRATION OF WRITTEN FX OPTION NOK CALL USD PUT FX EUROPEAN STYLE OPTION APR 28, 2004 @ 6.85 KNOCK IN @ 6.75 EXPIRATION OF WRITTEN FX OPTION Apr 29 Spot FX 1,059,940,000 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 211.000000000 TRADE 4/27/04 VALUE 4/29/04 HUNGARIAN FORINT U S DOLLAR Apr 29 Buy-Back Opt 3,000,000 EUR PUT CHF CALL FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.525 KNOCK IN @ 1.52 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 04/27/04 Apr 29 Buy-Back Opt 2,800,000 GBP CALL USD PUT FX EUROPEAN STYLE OPTION MAY 24, 2004 @ 1.85 KNOCK IN @ 1.87 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 04/27/04 Apr 29 Sale - 51,554.53 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 51,554.53 - 9,842.00 - 5,023,412.32 Amount USD - 10,187.00 EFTA01553795

04 Settlement Date Apr 29 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 77 of 82 U S Dollar Activity by Date Type continued Quantity Description Spot FX - 425,660,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL HUF SPOT RATE : 212.830000000 TRADE 4/28/04 VALUE 4/29/04 U S DOLLAR HUNGARIAN FORINT Apr 29 Spot FX - 634,280,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL HUF SPOT RATE : 212.000000000 TRADE 4/28/04 VALUE 4/29/04 U S DOLLAR HUNGARIAN FORINT Apr 30 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.729300000 TRADE 4/21/04 VALUE 4/30/04 Apr 30 Spot FX - 3,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.788900000 TRADE 4/27/04 VALUE 4/30/04 U S DOLLAR POUND STERLING Apr 30 Spot FX - 7,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.789800000 TRADE 4/27/04 VALUE 4/30/04 U S DOLLAR POUND STERLING 12,528,600.00 7,293,000.00 2,991,886.79 Amount USD 2,000,000.00 5,366,700.00 EFTA01553796

04 Settlement Date Apr 30 JPMorgan Chase Bank 2004 Account Number: 0 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 78 of 82 U S Dollar Activity by Date Type continued Quantity Description Write Option - 70,000,000 ZAR PUT USD CALL FX EUROPEAN STYLE OPTION JUN 03, 2004 @ 7. KNOCK IN @ 7.15 WRITTEN FX OPTION PUT 70,000,000.00 ZAR CALL 10,000,000.00 USD TRADE DATE 04/28/04 Apr 30 FX Option Assignment 10,000,000 GBP PUT USD CALL FX EUROPEAN STYLE OPTION APR 28, 2004 @ 1.79 KNOCK IN TRIGGERED @ 1.77 WRITTEN FX OPTION ASSIGNED CALL 10,000,000.00 GBP PUT 17,900,000.00 USD TRADE DATE 04/28/04 Apr 30 FX Opt Asgn'D 10,000,000 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION BUY GBP SELL USD TRADE 4/28/04 VALUE 4/30/04 Apr 30 Apr 30 Purchase Spot FX 334,300 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 AUD SELL USD SPOT RATE : 0.720000000 TRADE 4/29/04 VALUE 4/30/04 AUSTRALIA DOLLAR U S DOLLAR - 17,900,000.00 Amount USD 246,000.00 - 334,300.00 - 7,200,000.00 EFTA01553797

04 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 79 of 82 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 all mutual funds purchasedthrough JPMSI excludingJPMorg an and AmericanCenturyfunds. 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. 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. EFTA01553798

04 J.P. Morgan Securities Inc. 2004 Account Number: 161121381 FINANCIAL TRUST COMPANY INC 270 Park Avenue, New York, NY 10017 Margin Account Portfolio April 01, 2004 - April 30, 2004 Page 80 of 82 Margin Account Portfolio April 1 - April 30, 2004 Table of Contents Portfolio Summary Account Officers D'ORAZIO/HORNAK Page 81 All positions in this Margin Account Portfolio are held in custody at J.P. Morgan Securities Inc. (mJPMSI"). Member SIPC. EFTA01553799

04 J.P. Morgan Securities Inc. 2004 Account Number: 161121381 FINANCIAL TRUST COMPANY INC 270 Park Avenue, New York, NY 10017 Margin Account Portfolio April 01, 2004 - April 30, 2004 Page 81 of 82 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. Market Value USD Total Apr 30 0.00 Estimated Annual Income USD 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. EFTA01553800

04 J.P. Morgan Securities Inc. 2004 Account Number: 161121381 FINANCIAL TRUST COMPANY INC 270 Park Avenue, New York, NY 10017 Margin Account Portfolio April 01, 2004 - April 30, 2004 Page 82 of 82 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 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. EFTA01553801