EFTA01552667.pdf

12 2002 Confidential FINANCIAL TRUST COMPANY INC Page 1 of 40 J.P. Morgan Portfolios December 1 - December 31, 2002 Table of Contents Page Account Summary Asset Account Portfolio Margin Account Portfolio Q 30171-00-5 JPMCB JPMSI 161121381 2 3 37 000000.0000.00.0000.000.000000000.000000 FINANCIAL TRUST COMPANY ATTN: JEFFREY E EPSTEIN C/O AMERICAN YACHT HARBOR 6100 RED HOOK, QUARTERS ►B3 ST THOMAS 00802 US VIRGIN ISLDS EFTA01552667 12 2002 Portfolio Summary FINANCIAL TRUST COMPANY INC December 01, 2002 - December 31, 2002 Page 2 of 40 Portfolio Summary Net Worth Summary Asset Portfolio USD Q 30171-00-5 Assets(Long) Cash S Short Term Equities Options Liabilities (Short) Cash S Short Term Options Total FX Gain/Loss Accrued Income Total Net Worth Income Summary Taxable Interest Dividends Total 142,652,793.15 122,625,425.15 18,817,834.56 1,209,533.44 - 11,660,306.54 - 10,165,000.00 - 1,495,306.54 130,992,486.61 3,489,524.25 84,018.31 134,566,029.17 Margin Portfolio USD 161121381 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 .00 0.00 0.00 142,652,793.15 122,625,425.15 18,817,834.56 1,209,533.44 - 11,660,306.54 - 10,165,000.00 - 1,495,306.54 130,992,486.61 3,489,524.25 84,018.31 134,566,029.17 This Period 103,600.65 46,895.01 150,495.66 Year to Date 103,600.65 414,720.69 518,321.34 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 on ("SIPC") insurance. EFTA01552668 Total USD EFTA01552669 12 JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 3 of 40 Asset Account Portfolio December 1 - December 31, 2002 Table of Contents Portfolio Summary Cash and Short Term Equities Options Outstanding Foreign Exchange Contracts Trade Activity Account Transactions Account Officers Service Specialist: HORNAK/DORAZIO Page 4 6 8 9 13 16 21 EFTA01552670 12 JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 4 of 40 Overview 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 86% Cash and Short Term 14% Equities Market Value USD Dec 31 Cash S Short Term Equities Options Total Foreign Exchange Accrued Income Total Portfolio Value 112,460,425.15 18,817,834.56 - 285,773.10 130,992,486.61 3,489,524.25 84,018.31 134,566,029.17 Income Summary Taxable Interest Dividends Total Net Gain/Loss Summary Net Short Term Gain/Loss Total Market Value USD Nov 30 61,062,620.78 23,482,289.30 - 1,260,922.44 83,283,987.64 160,709.39 46,895.01 83,491,592.04 Tax Cost USD 111,706,281.48 - 1,937,638.00 109,768,643.48 Estimated Annual Income USD 1,198,019.87 1,198,019.87 Yield 1.1 0.0 N/A N/A 0.9 This Period USD 103,600.65 46,895.01 150,495.66 Year to Date USD* 103,600.65 414,720.69 518,321.34 Realized This Period USD Realized Year to Date USD* 2,541,756.36 EFTA01552671 2,541,756.36 •Year to date information is calculated on a calendar year basis. Exchange Rates Spot Rates as of December 31, 2002 Market value of Options is not included in pie chart. Currency BRL CHF EUR Exchange Rate 3.5400 1.3827 1.0494 14,119,835.78 14,119,835.78 Unrealized USD 2,406,008.55 2,406,008.55 EFTA01552672 12 JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 5 of 40 Exchange Rates Spot Rates as of December 31, 2002 Currency GBP HKD JPY MXN NOK SEK Exchange Rate 1.6099 7.7984 118.6700 10.4640 6.9278 8.7133 EFTA01552673 12 JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 6 of 40 Cash and Short Term Summary by Maturity Current Market Value USD Adjusted Cash Balance Less Than 3 Months Total 72,553,987.33 39,906,437.82 112,460,425.15 Estimated Annual Income USD 818,862.58 379,157.29 1,198,019.87 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: 1.32% P MEXICAN NEW PESO NORWEGIAN KRONE POUND STERLING COST OF PENDING PURCHASES Adjusted Cash Balance USD 72,483,309.71 1.00 1.00 72,483,309.71 72,483,309.71 50,371.48 MXN NOK GBP USD 102,000,000 3,380,704 0.25 - 10,165,000 10.20 7.09455 1.60 1.00 10.464 6.92775 1.6099 10,000,000.00 476,521.27 0.40 1.00 - 10,165,000.00 72,794,831.38 9,747,706.40 - 252,293.60 487,970.82 0.40 - 10,165,000.00 72,553,987.33 - 240,844.05 50,371.48 952,430.68 1.31 Currency/ Unit Cost Adjusted Account Type Quantity EFTA01552674 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 11,449.55 N/A N/A N/A - 133,568.10 1.31 818,862.58 1.13 EFTA01552675 12 JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 7 of 40 Cash and Short Term by Type Description Cusip/S&P/Moody's Rating Short Term by Maturity J P MORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARES CLASS (FUND 829) 7-Day Annualized Yield: 1.32% 62826N-77-0 JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) (SWEEP DEADLINE IS 4:30 PM EST) 870994-91-0 NORWEGIAN TREASURY BILL-NOK ZERO CPN MAR 19 2003 DTD 3/20/2002 HELD BY EUROCLEAR ISIN N00010136914 SEDOL It 7385539 656997-9A-3 Total Cash and Short Term 111,706,281.48 112,460,425.15 84,018.31 754,143.67 1,198,019.87 1.07 USD 0 0.00 0.00 676.84 NOK 75,600,000 97.47 98.4225 9,745,504.28 10,740,492.00 994,987.72 N/A N/A 1.06 USD 29,165,945.82 1.00 1.00 29,165,945.82 29,165,945.82 32,969.99 379,157.29 1.30 Continued CurrenCy/ Account Type Quantity Unit Cost Adjusted Original Market Price Tax Cost Adjusted Original Current Market Value USD Accrued Interest USD Unrealized Gain/Loss USD Estimated Current Annual Yield/ Income USD YTM 4 EFTA01552676 12 JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 8 of 40 Equities 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 Estimated Unrealized Gain/Loss USD Annual Dividend Income USD Yield % TOO INC 890333-10-7 TOO USD Total Equity 800,078 800,078 23.52 18,817,834.56 18,817,834.56 N/A 0.00 N/A 0.0 EFTA01552677 12 JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 9 of 40 Options Foreign Exchange Description Cusip NOK CALL USD PUT FX AMERICAN STYLE OPTION JAN 15, 2003 8 7. XNOKCA-AT-2 NOK PUT USD CALL FX EUROPEAN STYLE OPTION MAR 19, 2003 8 7.54 XNOKPA-CL-2 SEK PUT USD CALL FX EUROPEAN STYLE OPTION FEB 07, 2003 8 9.3 XSEKPA-BV-Z HKD PUT USD CALL FX EUROPEAN STYLE OPTION SEP 23, 2004 8 7.833 XHKDPA-AH-2 HKD CALL USD PUT FX EUROPEAN STYLE OPTION SEP 23, 2004 8 7.8 XHKDCA-AC-2 BRL CALL USD PUT FX EUROPEAN STYLE OPTION FEB 03, 2003 8 3.5 XBRICA-AA-2 BRL - 70,000,000 USD - 20,000,000.00 USD - 1,052,000.00 - 1,052,000.00 - 530,182.10 521,817.90 HKD - 156,000,000 USD - 20,000,000.00 USD - 127,575.00 - 127,575.00 - 121,511.52 6,063.48 HKD 156,660,000 USD 20,000,000.00 USD 312,280.00 312,280.00 196,337.28 - 115,942.72 SEK - 186,000,000 USD - 20,000,000.00 USD - 503,500.00 - 503,500.00 - 16,221.06 487,278.94 NOK - 94,250,000 USD - 12,500,000.00 USD - 612,000.00 - 612,000.00 - 26,365.50 585,634.50 Counter Amount Currency Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD NOK 175,000,000 USD 25,000,000.00 USD 319,697.00 319,697.00 274,729.00 - 44,968.00 EFTA01552678 EFTA01552679 12 Cusip JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 10 of 40 Foreign Exchange Description P MXN PUT USD CALL FX EUROPEAN STYLE OPTION DEC 30, 2002 8 10.2 XMXNPA-A0-2 BRL PUT USD CALL FX EUROPEAN STYLE OPTION MAR 12, 2003 8 4.25 XBRLPA-AA-2 NOK CALL USD PUT FX EUROPEAN STYLE OPTION DEC 11, 2003 8 7. XNOKCA-BI-2 USD PUT BRL CALL FX EUROPEAN STYLE OPTION MAR 12, 2003 8 3.65 XUSDPA-AE-2 JPY CALL USD PUT FX EUROPEAN STYLE OPTION JUN 12, 2003 8 115. XJPYCA-CY-2 BRL CALL USD PUT FX EUROPEAN STYLE OPTION MAR 14, 2003 8 3.6 XBRIZA-AB-2 NOK PUT USD CALL FX EUROPEAN STYLE OPTION MAR 14, 2003 8 7.2 XNOKPA-DC-2 NOK - 72,000,000 USD - 10,000,000.00 USD - 222,500.00 - 222,500.00 - 99,857.52 122,642.48 BRL - 18,000,000 USD - 5,000,000.00 USD - 200,000.00 - 200,000.00 - 265,332.78 - 65,332.78 JPY 575,000,000 USD 5,000,000.00 USD 49,000.00 49,000.00 82,069.75 33,069.75 USD - 5,000,000 BRL - 18,250,000.00 USD - 203,000.00 - 203,000.00 - 86,128.75 116,871.25 NOK 52,500,000 USD 7,500,000.00 USD 108,923.00 108,923.00 214,127.03 105,204.03 BRL 21,250,000 USD 5,000,000.00 USD 141,000.00 141,000.00 41,470.01 - 99,529.99 EFTA01552680 Counter Amount Currency continued MXN 0 USD 0.00 USD 0.00 0.00 N/A 0.00 Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01552681 12 Cusip JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 11 of 40 Foreign Exchange Deseription CHF PUT USD CALL FX EUROPEAN STYLE OPTION JAN 07, 2003 @ 1.4325 XCHFPA-CP-2 GBP PUT USD CALL FX EUROPEAN STYLE OPTION JAN 07, 2003 @ 1.595 XGBPPA-FQ-2 SEK PUT USD CALL FX EUROPEAN STYLE OPTION JAN 07, 2003 @ 8.85 XSEKPA-CA-2 CHF CALL USD PUT FX EUROPEAN STYLE OPTION JUN 26, 2003 @ 1.35 XCHFCA-CJ-2 CHF PUT USD CALL FX EUROPEAN STYLE OPTION JUN 26, 2003 @ 1.41 XCHFPA-CQ-2 NOK CALL USD PUT FX EUROPEAN STYLE OPTION SEP 26, 2003 @ 6.85 XNOKCA-BJ-2 NOK PUT USD CALL FX EUROPEAN STYLE OPTION SEP 26, 2003 @ 7 KNOCK-OUT @ 6.92 XNOKPA-DD-2 NOK - 70,000,000 USD - 10,000,000.00 USD - 147,000.00 - 147,000.00 - 88,566.80 58,433.20 NOK 68,500,000 USD 10,000,000.00 USD 201,000.00 201,000.00 198,465.74 - 2,534.26 CHF - 14,100,000 USD - 10,000,000.00 USD - 235,000.00 - 235,000.00 - 235,649.07 - 649.07 CHF 13,500,000 USD 10,000,000.00 USD 200,000.00 200,000.00 202,334.63 2,334.63 SEK - 44,250,000 USD - 5,000,000.00 USD - 47,000.00 - 47,000.00 - 10,014.66 36,985.34 GBP - 5,000,000 USD - 7,975,000.00 USD - 43,863.00 - 43,863.00 - 14,934.65 28,928.35 Counter Amount Currency continued CHF - 7,162,500 USD - 5,000. 000.00 USD EFTA01552682 - 41,100.00 - 41,100.00 - 542.13 40,557.87 Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01552683 12 Cusip JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 12 of 40 Foreign Exchange Description P JPY CALL USD PUT FX EUROPEAN STYLE OPTION JUL 02, 2003 8 110. XJPYCA-DA-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. - 1,937,638.00 - 285,773.10 1,651,864.88 Counter Amount Currency continued JPY 200,000,000 USD 1,818,181.82 USD 165,000.00 165,000.00 0.00 - 165,000.00 Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD 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 cial 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. EFTA01552684 12 JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 13 of 40 Outstanding Foreign Exchange Contracts Net Currency Exposure Summary Swiss Franc Euro Currency Pound Sterling Japanese Yen Mexican New Peso Norwegian Krone Swedish Krona U S Dollar Value in Currency 35,348,000.00 11,500,000.00 5,000,000.00 2,368,000,000.00 - 102,000,000.00 405,305,000.00 91,375,000.00 - 118,891,270.22 Gain/Loss Summary Total Unrealized Closed Value in USD 73,272.85 Total Unrealized Open Total Unrealized Gain/Loss 3,416,251.40 3,489,524.25 Foreign Exchange Contracts Settlement Date Trade Date SPECULATIVE SWISS FRANC - U S DOLLAR Dec. 30 02 Jun. 12 03 CHF Dec. 12 02 Dec. 15 03 CHF Dec. 13 02 Dec. 15 03 CHF Total Open 13,880,000.00 USD 7,178,000.00 USD 14,290,000.00 USD 35,348,000.00 EURO CURRENCY - U S DOLLAR Dec. 11 02 Jun. 12 03 EUR Dec. 12 02 Dec. 15 03 EUR Dec. 12 02 Dec. 15 03 EUR Total Open 5,000,000.00 USD 5,000,000.00 USD 1,500,000.00 USD 11,500,000.00 - 10,000,000.00 - 5,000,000.00 - 10,000,000.00 - 25,000,000.00 - 5,030,000.00 - 5,044,000.00 - 1,510,500.00 - 11,584,500.00 1.388 1.4356 1.429 1.377719 1.372082 1.372082 10,074,626.23 5,231,466.44 10,414,830.81 25,720,923.48 1.006 EFTA01552685 1.0088 1.007 0.959050 0.964732 0.964732 5,213,492.77 5,182,785.97 1,554,835.79 11,951,114.53 10,000,000.00 5,000,000.00 10,000,000.00 25,000,000.00 5,030,000.00 5,044,000.00 1,510,500.00 11,584,500.00 74,626.23 231,466.44 414,830.81 720,923.48 183,492.77 138,785.97 44,335.79 366,614.53 Currency Amount Counter Currency Counter Amount Contract Rate Current Market Forward Rate Market Value Receivables USD Market Value Payables USD Unrealized Gain/Loss USD EFTA01552686 12 Trade Date JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 14 of 40 Foreign Exchange Contracts Settlement Date Currency POUND STERLING - U S DOLLAR JAPANESE YEN Dec. 13 02 Dec. 15 03 GBP Dec. 30 02 Apr. 7 03 JPY Dec. 13 02 Dec. 15 03 JPY Total Open - U S DOLLAR 1,181,500,000.00 USD 1,186,500,000.00 USD 2,368,000,000.00 MEXICAN NEW PESO - U S DOLLAR Dec. 30 02 Jan. 2 03 MXN Dec. 30 02 Mar. 3 03 MXN Total Open Dec. 9 02 Jan. 6 03 NOK Dec. 13 02 Jan. 6 03 NOK Dec. 30 02 Jun. 12 03 NOK Dec. 11 02 Dec. 15 03 NOK Dec. 11 02 Dec. 15 03 NOK Dec. 12 02 Dec. 15 03 NOK Dec. 12 02 Dec. 15 03 NOK Dec. 13 02 Dec. 15 03 NOK Dec. 13 02 Dec. 15 03 NOK Dec. 13 02 Dec. 15 03 NOK Total Open Total NORWEGIAN KRONE - U S DOLLAR Total Closed - 102,000,000.00 USD 102,000,000.00 USD 0.00 36,350,000.00 USD - 36,350,000.00 USD 0.00 71,125,000.00 USD 73,135,000.00 USD 38,025,000.00 USD 37,560,000.00 USD 37,465,000.00 USD 74,370,000.00 USD 37,275,000.00 USD 36,350,000.00 USD 405,305,000.00 405,305,000.00 - 10,000,000.00 - 10,000,000.00 - 20,000,000.00 9,855,072.46 - 9,750,501.86 104,570.60 - 5,000,000.00 5,073,272.85 73,272.85 - 10,000,000.00 - 9,616,699.53 - 5,000,000.00 - 5,000,000.00 - 5,000,000.00 - 9,962,491.63 - 5,000,000.00 - 4,885,424.37 - 54,464,615.53 - 54,391,342.68 118.15 118.65 EFTA01552687 118.237271 117.081596 9,992,618.95 10,133,958.19 20,126,577.14 10.35 10.461 10.35 0.00 9,855,072.46 0.00 9,855,072.46 7.27 7.165 7.1125 7.605 7.605 7.512 7.493 7.465 7.455 7.4405 6.933889 6.933889 7.073276 7.223513 7.223513 7.223513 7.223513 7.223513 7.223513 7.223513 5,242,367.99 5,073,272.85 10,315,640.84 10,055,453.77 10,124,575.73 5,264,059.51 5,199,686.39 5,186,534.89 10,295,545.18 5,160,231.90 5,032,177.86 56,318,265.23 66,633,906.07 10,000,000.00 10,000,000.00 20,000,000.00 9,855,072.46 0.00 9,855,072.46 5,000,000.00 5,242,367.99 10,242,367.99 10,000,000.00 9,616,699.53 5,000,000.00 5,000,000.00 5,000,000.00 9,962,491.63 5,000,000.00 4,885,424.37 54,464,615.53 64,706,983.52 - 7,381.05 133,958.19 126,577.14 0.00 0.00 0.00 242,367.99 - 169,095.14 73,272.85 55,453.77 507,876.20 264,059.51 199,686.39 186,534.89 333,053.55 EFTA01552688 160,231.90 146,753.49 1,853,649.70 1,926,922.55 continued Amount Counter Currency Counter Amount Contract Rate Current Market Forward Rate Market Value Receivables USD Market Value Payables USD Unrealized Gain/Loss USD 5,000,000.00 USD - 7,770,500.00 1.5541 1.572346 7,861,729.16 7,770,500.00 91,229.16 EFTA01552689 12 Trade Date JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 15 of 40 Foreign Exchange Contracts Settlement Date Currency SWEDISH KRONA - U S DOLLAR Dec. 12 02 Dec. 15 03 SEK Dec. 12 02 Dec. 15 03 SEK Total Open 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 45,757,500.00 USD 45,617,500.00 USD 91,375,000.00 - 5,000,000.00 - 5,000,000.00 - 10,000,000.00 9.1515 9.1235 8.908327 8.908327 5,136,486.51 5,120,770.88 10,257,257.39 152,406,580.23 5,000,000.00 5,000,000.00 10,000,000.00 148,917,055.98 136,486.51 120,770.88 257,257.39 3,489,524.25 EFTA01552690 12 JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 16 of 40 Trade Activity Realized Gain/Loss Summary Short Term Gain/Loss Long Term Gain/Loss Foreign Exchange Gains/Losses 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 Nov 29 Dec 2 Purchase J P MORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARES CLASS (FUND 829) Dec 2 Dec 4 Buy-Back Opt NOK PUT USD CALL Dec 3 Dec 5 Write Option Dec 3 Dec 5 Write Option Dec 11 Dec 13 Purchase Opt FX EUROPEAN STYLE OPTION DEC 20, 2002 8 7.62 MXN PUT USD CALL FX EUROPEAN STYLE OPTION DEC 30, 2002 8 10.2 NOK CALL USD PUT FX EUROPEAN STYLE OPTION DEC 16, 2002 8 7.3 BRL PUT USD CALL FX EUROPEAN STYLE OPTION MAR 12, 2003 8 4.25 USD USD USD USD USD 35,625.87 129,540,000 - 102,000,000 - 75,000,000 21,250,000 0.97 0.53 2.82 1.00 - 35,625.87 - 10,500.00 97,000.00 54,000.00 - 141,000.00 750,880.00 740,380.00 S Realized Type Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD Amount USD 2,728,867.64 0.00 97,000.00 EFTA01552691 12 Trade Date JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 17 of 40 Settlement Date Realized Type Settled continued Dec 11 Dec 13 Purchase Opt NOK CALL USD PUT Dec 11 Dec 13 Write Option FX EUROPEAN STYLE OPTION DEC 11, 2003 @ 7. NOK PUT USD CALL Dec 11 Dec 13 Write Option Dec 11 Dec 11 Sale Dec 12 Dec 16 Buy-Back Opt Dec 12 Dec 16 Purchase Opt Dec 12 Dec 16 Buy-Back Opt Dec 12 Dec 16 Buy-Back Opt Dec 13 Dec 17 Write Option Dec 16 Dec 18 Buy-Back Opt FX EUROPEAN STYLE OPTION SEP 11, 2003 @ 7.35 KNOCK-OUT @ 7.15 USD PUT BRL CALL FX EUROPEAN STYLE OPTION MAR 12, 2003 @ 3.65 JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) (SWEEP DEADLINE IS 4:30 PM EST) CHF PUT USD CALL FX EUROPEAN STYLE OPTION JAN 07, 2003 @ 1.495 JPY CALL USD PUT FX EUROPEAN STYLE OPTION JUN 12, 2003 @ 115. NOK PUT USD CALL FX EUROPEAN STYLE OPTION MAR 10, 2003 @ 7.75 NOK PUT USD CALL FX EUROPEAN STYLE OPTION JAN 07, 2003 @ 7.515 BRL CALL USD PUT FX EUROPEAN STYLE OPTION MAR 14, 2003 @ 3.6 NOK CALL USD PUT FX EUROPEAN STYLE OPTION DEC 17, 2002 @ 7.5 USD USD USD USD USD USD USD - 1,288,384.26 7,475,000 575,000,000 38,750,000 127,755,000 - 18,000,000 59,265,000 4.00 0.98 1.00 1,288,384.26 - 8,000.00 - 49,000.00 - 18,000.00 - 19,000.00 200,000.00 EFTA01552692 - 398,258.00 71,821.85 - 326,436.15 S 314,600.00 781,090.00 296,600.00 S 762,090.00 S - 1,288,384.26 158,555.88 150,555.88 S USD USD 52,500,000 - 55,125,000 1.45 2.34 - 108,923.00 175,519.00 Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD USD - 5,000,000 4.06 203,000.00 EFTA01552693 12 Trade Date JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 18 of 40 Settlement Date Realized Type Settled continued Dec 16 Dec 18 Assign FX Opt NOK CALL USD PUT Dec 16 Dec 18 Write Option FX EUROPEAN STYLE OPTION DEC 16, 2002 @ 7.3 NOK PUT USD CALL Dec 16 Dec 18 Write Option Dec 16 Dec 18 FX Opt Asgn'D Dec 17 Dec 19 Write Option Dec 17 Dec 19 Write Option Dec 17 Dec 17 Expired Opt Dec 17 Dec 17 Expired Opt FX EUROPEAN STYLE OPTION SEP 16, 2003 @ 7.17 KNOCK OUT @ 7.05 NOK PUT USD CALL FX EUROPEAN STYLE OPTION MAR 14, 2003 @ 7.2 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION SELL NOK BUY USD CHF PUT USD CALL FX EUROPEAN STYLE OPTION JAN 07, 2003 @ 1.4325 GBP PUT USD CALL FX EUROPEAN STYLE OPTION JAN 07, 2003 @ 1.595 NOK PUT USD CALL FX EUROPEAN STYLE OPTION DEC 17, 2002 @ 7.4 NOK PUT USD CALL FX EUROPEAN STYLE OPTION SEP 11, 2003 @ 7.35 KNOCK-OUT @ 7.15 Issued in USD Dec 17 Dec 19 Write Option SEK PUT USD CALL FX EUROPEAN STYLE OPTION JAN 07, 2003 @ 8.85 USD - 44,250,000 0.94 47,000.00 USD USD USD USD NOK - 75,000,000 - 7,162,500 - 5,000,000 14,800,000 55,125,000 7.30 0.82 0.55 10,273,972.60 - 10,283,258.01 41,100.00 43,863.00 0.00 0.00 13,500.00 175,519.00 13,500.00 S EFTA01552694 175,519.00 S - 9,285.41 S USD USD 75,000,000 - 71,700,000 1.76 0.00 175,758.00 54,000.00 54,000.00 S Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD USD - 72,000,000 2.23 222,500.00 EFTA01552695 12 Trade Date JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 19 of 40 Settlement Date Realized Type Settled continued Dec 23 Dec 23 Expired Opt Dec 26 Dec 26 Expired Opt SEK PUT USD CALL FX EUROPEAN STYLE OPTION DEC 20, 2002 @ 9.21 NOK PUT USD CALL FX EUROPEAN STYLE OPTION SEP 16, 2003 @ 7.17 KNOCK OUT @ 7.05 Issued in USD Dec 27 Dec 31 Purchase Opt CHF CALL USD PUT Dec 27 Dec 31 Write Option Dec 27 Dec 31 Purchase Opt Dec 27 Dec 31 Write Option FX EUROPEAN STYLE OPTION JUN 26, 2003 @ 1.35 CHF PUT USD CALL FX EUROPEAN STYLE OPTION JUN 26, 2003 @ 1.41 NOK CALL USD PUT FX EUROPEAN STYLE OPTION SEP 26, 2003 @ 6.85 NOK PUT USD CALL FX EUROPEAN STYLE OPTION SEP 26, 2003 @ 7 KNOCK-OUT la6.92 Trade Date Estimated Settlement Date Pending Dec 30 Jan 7 Purchase Opt JPY CALL USD PUT FX EUROPEAN STYLE OPTION JUL 02, 2003 @ 110. USD 200,000,000 0.83 - 165,000.00 Realized Gain/Loss Type Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost USD USD USD USD USD 13,500,000 - 14,100,000 66,500,000 - 70,000,000 2.00 2.35 2.01 1.47 - 200,000.00 235,000.00 - 201,000.00 147,000.00 EFTA01552696 USD NOK 18,420,000 71,700,000 0.00 0.00 97,100.00 175,758.00 97,100.00 S 175,758.00 S Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD EFTA01552697 12 Trade Date JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 20 of 40 Estimated Settlement Date Realized Gain/Loss Type Pending continued Dec 30 Jan 2 Assign FX Opt MXN PUT USD CALL FX EUROPEAN STYLE OPTION DEC 30, 2002 9 10.2 Dec 30 Jan 2 FX Opt Asgn'DMEXICAN NEW PESO Trade Date Settlement Date Counter Currency Settled Foreign Exchange Contracts SPECULATIVE EURO CURRENCY - U S DOLLAR Nov 14 02 Dec 13 02 Nov 18 02 Dec 13 02 Dec 12 02 Dec 13 02 EUR EUR POUND STERLING - U S DOLLAR GBP Nov 26 02 Dec 13 02 Dec 3 02 Dec 13 02 Dec 13 02 Dec 13 02 Dec 16 02 NORWEGIAN KRONE - U S DOLLAR Nov 1 02 Dec 6 02 Dec 11 02 Dec 13 02 Nov 4 02 Dec 13 02 Dec 16 02 1,000,000.00 USD - 1,006,000.00 500,000.00 USD EUR - 1,500,000.00 USD - 501,250.00 1,527,000.00 GBP - 5,000,000.00 USD 5,000,000.00 USD - 7,756,500.00 7,820,000.00 NOK 37,050,000.00 USD - 5,000,000.00 NOK 36,085,000.00 USD - 5,000,000.00 NOK - 73,135,000.00 USD 10,025,359.83 NOK 74,370,000.00 USD - 10,000,000.00 NOK - 74,370,000.00 USD 10,379,623.17 SWEDISH KRONA - U S DOLLAR Nov 26 02 Dec 13 02 Dec 6 02 Dec 13 02 SEK 45,680,000.00 USD - 5,000,000.00 SEK - 45,680,000.00 USD 1.006000 1.002500 1.018000 1.551300 1.564000 7.410000 7.217000 7.295000 7.437000 7.165000 5,085,160.85 EFTA01552698 9.136000 8.983000 1.021850 1.021850 1.021850 1.589500 1.589500 7.174500 7.174500 7.191025 7.154950 7.156511 8.942650 8.942650 - 1,006,000.00 - 501,250.00 1,527,000.00 - 7,756,500.00 7,820,000.00 - 5,000,000.00 - 5,000,000.00 1,021,850.00 510,925.00 - 1,532,775.00 7,947,500.08 - 7,947,500.08 5,164,122.93 5,029,618.78 10,025,359.83 - 10,170,316.54 - 10,000,000.00 10,379,623.17 - 10,391,935.31 - 5,000,000.00 5,085,160.85 5,108,105.53 - 5,108,105.53 10,394,202.61 15,850.00 9,675.00 - 5,775.00 191,000.08 - 127,500.08 164,122.93 29,618.78 - 144,956.71 394,202.61 - 12,312.14 108,105.53 - 22,944.68 Amount Currency Counter Amount MXN Contract Rate 102,000,000 Revaluation Rate 0.095 0.00 Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD USD 102,000,000 0.00 0.00 97,000.00 Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost USD EFTA01552699 12 JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 21 of 40 Account Transactions by Currency Euro Currency Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Foreign Exchange Ending Balance Euro Currency Activity by Date Settlement Date Type Dec 13 Fwd FX Ctrct Quantity Description - 1,006,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.006000000 TRADE 11/14/02 VALUE 12/13/02 Dec 13 Fwd FX Ctrct - 501,250 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.002500000 TRADE 11/18/02 VALUE 12/13/02 Dec 13 Spot FX 1,527,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL EUR SPOT RATE : 1.018000000 TRADE 12/12/02 VALUE 12/13/02 U S DOLLAR EURO PRINCIPAL CURRENCY .00 1,500,000.00 - 1,500,000.00 .00 62,500,000.00 - 62,500,000.00 Amount to Date Realized Amount Gain/Loss USD 1,000,000.00 1,021,850.00 Amount USD 500,000.00 510,925.00 - 1,500,000.00 - 1,527,000.00 EFTA01552700 12 JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 22 of 40 Account Transactions by Currency Norwegian Krone Activity Summary Amount this Period Beginning Balance Credits Taxable Interest Sales, Maturities, Redemptions Foreign Exchange Debits Purchases of Securities Foreign Exchange Ending Balance Norwegian Krone Activity by Date Settlement Date Type Dec 13 Fwd FX Ctrct Quantity Description - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL USD CONTRACT RATE : 7.410000000 TRADE 11/01/02 VALUE 12/13/02 Dec 13 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL USD CONTRACT RATE : 7.217000000 TRADE 12/06/02 VALUE 12/13/02 - 222,505,000.00 3,380,704.00 - 147,949,296.00 - 1,037,145,580.0 735,000.00 74,265,000.00 147,505,000.00 735,000.00 74,265,000.00 1,113,475,580.00 3,380,704.00 Amount to Date Realized Amount Gain/Loss USD 37,050,000.00 5,164,122.93 Amount USD 36,085,000.00 5,029,618.78 EFTA01552701 12 Date JPMorgan Chase Bank 2002 Account Number: 0 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 23 of 40 Norwegian Krone Activity by Date Settlement continued Realized Type Dec 13 Spot FX Quantity Description 10,025,359.83 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NOK SPOT RATE : 7.295000000 TRADE 12/11/02 VALUE 12/13/02 U 5 DOLLAR NORWEGIAN KRONE Dec 16 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL USD CONTRACT RATE : 7.437000000 TRADE 11/04/02 VALUE 12/16/02 Dec 16 Spot FX 10,379,623.17 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NOK SPOT RATE : 7.165000000 TRADE 12/13/02 VALUE 12/16/02 U S DOLLAR NORWEGIAN KRONE Dec 18 FX Opt Asgn'D 10,273,972.60 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION SELL NOK BUY USD TRADE 12/16/02 VALUE 12/18/02 Dec 19 Sale - 75,000,000 NORWEGIAN TREASURY BILL-NOK ZERO CPN DEC 18 2002 DTD 12/19/2001 HELD BY EUROCLEAR ISIN N00010125875 SEDOL I 7341393 TO REDEMPTION Dec 19 Foreign Interest NORWEGIAN KRONE TO REDEMPTION 735,000.00 103,600.65 - 75,000,000.00 - 10,552,678.97 74,370,000.00 10,394,202.61 Gain/Loss USD - 73,135,000.00 - 10,025,359.83 Amount Amount USD - 74,370,000.00 - 10,379,623.17 74,265,000.00 10,467,894.37 EFTA01552702 12 JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 24 of 40 Account Transactions by Currency Pound Sterling Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Pound Sterling Activity by Date Settlement Date Type Dec 13 Fwd FX Ctrct Quantity Description 7,820,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.564000000 TRADE 12/03/02 VALUE 12/13/02 Dec 13 Fwd FX Ctrct - 7,756,500 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL USD CONTRACT RATE : 1.551300000 TRADE 11/26/02 VALUE 12/13/02 .25 5,000,000.00 - 5,000,000.00 .25 .01 74,063,079.25 - 74,063,079.00 Amount to Date Realized Amount Gain/Loss USD 0.01 - 5,000,000.00 - 7,947,500.08 Amount USD 5,000,000.00 7,947,500.08 EFTA01552703 12 JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 25 of 40 Account Transactions by Currency Swedish Krona Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Foreign Exchange Ending Balance Swedish Krona Activity by Date Settlement Date Type Dec 13 Fwd FX Ctrct Quantity Description - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY SEK SELL USD CONTRACT RATE : 9.136000000 TRADE 11/26/02 VALUE 12/13/02 Dec 13 Fwd FX Ctrct 5,085,160.85 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL SEX CONTRACT RATE : 8.983000000 TRADE 12/06/02 VALUE 12/13/02 .00 45,680,000.00 - 45,680,000.00 .00 641,395,760.00 - 641,395,760.00 Amount to Date Realized Amount Gain/Loss USD 45,680,000.00 5,108,105.53 Amount USD - 45,680,000.00 - 5,108,105.53 EFTA01552704 12 JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 26 of 40 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 - 72,919,604.71 - 1,189,306.87 - 10,000,000.00 - 34,263,750.00 .00 *Year to date information is calculated on a calendar year basis. - 198,654,810.55 - 64,713,951.01 - 10,000,000.00 - 627,261,529.36 46,895.01 10,284,525.86 2,727,124.26 60,000,000.00 45,111,116.45 414,720.69 124,883,116.58 47,000,418.45 105,000,000.00 623,129,035.20 .00 Amount Year to Date USD* U S Dollar Activity by Date Type Settlement Date Dec 2 Dividend Quantity Description JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) (SWEEP DEADLINE IS 4:30 PM EST) Amount USD 11,269.14 EFTA01552705 12 Settlement Date Dec 2 Dec 2 JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 27 of 40 U S Dollar Activity by Date Type continued Quantity Description Dividend Purchase 35,625.87 J P MORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARES CLASS (FUND 829) J P MORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARES CLASS (FUND 829) INCOME DIVIDEND REINVESTED @ $1.00 J.P.MORGAN SECURITIES INC AS AGENT TRADE DATE 11/29/02 Dec 2 Dec 2 Sale Misc. Disbursement - 9,988,730.86 JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) (SWEEP DEADLINE IS 4:30 PM EST) TRANSFERRED BY WIRE TO BEAR STEARNS S COMPANY FAO FINANCIAL TRUST COMPANY, INC. LETTER FROM CLIENT Dec 4 Buy-Back Opt 129,540,000 NOK PUT USD CALL FX EUROPEAN STYLE OPTION DEC 20, 2002 @ 7.62 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 12/02/02 Dec 4 Sale - 10,500 JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) (SWEEP DEADLINE IS 4:30 PM EST) 10,500.00 9,988,730.86 - 10,000,000.00 Amount USD 35,625.87 - 35,625.87 - 10,500.00 EFTA01552706 12 Settlement Date Dec 5 JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 28 of 40 U S Dollar Activity by Date Type continued Quantity Description Write Option - 102,000,000 MXN PUT USD CALL FX EUROPEAN STYLE OPTION DEC 30, 2002 8 10.2 WRITTEN FX OPTION PUT 102,000,000.00 MXN CALL 10,000,000.00 USD TRADE DATE 12/03/02 Dec 5 Write Option - 75,000,000 NOK CALL USD PUT FX EUROPEAN STYLE OPTION DEC 16, 2002 8 7.3 WRITTEN FX OPTION CALL 75,000,000.00 NOK PUT 10,273,972.60 USD TRADE DATE 12/03/02 Dec 5 Purchase Dec 11 Sale Dec 11 Purchase Dec 12 Purchase Dec 12 Misc. Receipt 151,000 - 1,288,384.26 1,288,384.26 60,000,000 JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) (SWEEP DEADLINE IS 4:30 PM EST) JP MORGAN PRIME MONEY MARKET PREMIER CLASS SWEEP FUND (350) (SWEEP DEADLINE IS 4:30 PM EST) JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) FUNDS TRANSFERRED FROM BRKRG ACA Q77296004 (PRN) TO BRKRG ACA Q30171005 (PRN) LETTER FROM CLIENT - 151,000.00 1,288,384.26 - 1,288,384.26 - 60,000,000.00 60,000,000.00 54,000.00 Amount USD 97,000.00 EFTA01552707 12 Settlement Date JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 29 of 40 U S Dollar Activity by Date Type continued Quantity Description Dec 13 Fwd FX Ctrct 37,050,000 SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL USD CONTRACT RATE : 7.410000000 TRADE 11/01/02 VALUE 12/13/02 Dec 13 Fwd FX Ctrct 1,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.006000000 TRADE 11/14/02 VALUE 12/13/02 Dec 13 Fwd FX Ctrct 500,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.002500000 TRADE 11/18/02 VALUE 12/13/02 Dec 13 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.564000000 TRADE 12/03/02 VALUE 12/13/02 Dec 13 Fwd FX Ctrct 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL USD CONTRACT RATE : 1.551300000 TRADE 11/26/02 VALUE 12/13/02 Dec 13 Fwd FX Ctrct 45,680,000 SETTLE FORWARD CURRENCY CONTRACT BUY SEK SELL USD CONTRACT RATE : 9.136000000 TRADE 11/26/02 VALUE 12/13/02 Dec 13 Fwd FX Ctrct - 45,680,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL SEX CONTRACT RATE : 8.983000000 TRADE 12/06/02 VALUE 12/13/02 Amount USD - 5,000,000.00 - 1,006,000.00 - 501,250.00 7,820,000.00 - 7,756,500.00 - 5,000,000.00 5,085,160.85 EFTA01552708 12 Settlement Date JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 30 of 40 U S Dollar Activity by Date Type continued Quantity Description Dec 13 Fwd FX Ctrct 36,085,000 SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL USD CONTRACT RATE : 7.217000000 TRADE 12/06/02 VALUE 12/13/02 Dec 13 Write Option - 55,125,000 NOK PUT USD CALL FX EUROPEAN STYLE OPTION SEP 11, 2003 a 7.35 KNOCK-OUTe 7.15 WRITTEN FX OPTION PUT 55,125,000.00 NOK CALL 7,500,000.00 USD TRADE DATE 12/11/02 Dec 13 Purchase Opt 52,500,000 NOK CALL USD PUT FX EUROPEAN STYLE OPTION DEC 11, 2003 a 7. PURCHASED FX OPTION CALL 52,500,000.00 NOK PUT 7,500,000.00 USD TRADE DATE 12/11/02 Dec 13 Write Option - 5,000,000 USD PUT BRL CALL FX EUROPEAN STYLE OPTION MAR 12, 2003 a 3.65 WRITTEN FX OPTION PUT 5,000,000.00 USD CALL 18,250,000.00 BRL TRADE DATE 12/11/02 203,000.00 - 108,923.00 Amount USD - 5,000,000.00 175,519.00 EFTA01552709 12 Settlement Date JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 31 of 40 U S Dollar Activity by Date Type continued Quantity Description Dec 13 Purchase Opt 21,250,000 BRL PUT USD CALL FX EUROPEAN STYLE OPTION MAR 12, 2003 8 4.25 PURCHASED FX OPTION PUT 21,250,000.00 BRL CALL 5,000,000.00 USD TRADE DATE 12/11/02 Dec 13 Purchase Dec 13 Spot FX 322,366.68 - 1,500,000 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 : 1.018000000 TRADE 12/12/02 VALUE 12/13/02 U S DOLLAR EURO PRINCIPAL CURRENCY Dec 13 Spot FX - 73,135,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NOK SPOT RATE : 7.295000000 TRADE 12/11/02 VALUE 12/13/02 U S DOLLAR NORWEGIAN KRONE Dec 16 Fwd FX Ctrct 74,370,000 SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL USD CONTRACT RATE : 7.437000000 TRADE 11/04/02 VALUE 12/16/02 Dec 16 Buy-Back Opt 38,750,000 NOK PUT USD CALL FX EUROPEAN STYLE OPTION MAR 10, 2003 8 7.75 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 12/12/02 - 10,000,000.00 10,025,359.83 - 322,366.68 1,527,000.00 Amount USD - 141,000.00 - 18,000.00 EFTA01552710 12 Settlement Date JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 32 of 40 U S Dollar Activity by Date Type continued Quantity Description Dec 16 Buy-Back Opt 127,755,000 NOK PUT USD CALL FX EUROPEAN STYLE OPTION JAN 07, 2003 Q 7.515 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 12/12/02 Dec 16 Buy-Back Opt 7,475,000 CHF PUT USD CALL FX EUROPEAN STYLE OPTION JAN 07, 2003 Q 1.495 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 12/12/02 Dec 16 Purchase Opt 575,000,000 JPY CALL USD PUT FX EUROPEAN STYLE OPTION JUN 12, 2003 Q 115. PURCHASED FX OPTION CALL 575,000,000.00 JPY PUT 5,000,000.00 USD TRADE DATE 12/12/02 Dec 16 Purchase Dec 16 Spot FX 265,623.17 - 74,370,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (B29) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NOK SPOT RATE : 7.165000000 TRADE 12/13/02 VALUE 12/16/02 U S DOLLAR NORWEGIAN KRONE - 265,623.17 10,379,623.17 - 49,000.00 - 8,000.00 Amount USD - 19,000.00 EFTA01552711 12 Settlement Date JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 33 of 40 U S Dollar Activity by Date Type continued Quantity Description Dec 17 Write Option - 18,000,000 BRL CALL USD PUT FX EUROPEAN STYLE OPTION MAR 14, 2003 @ 3.6 WRITTEN FX OPTION CALL 18,000,000.00 BRL PUT 5,000,000.00 USD TRADE DATE 12/13/02 Dec 17 Purchase Dec 18 Write Option 200,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) - 71,700,000 NOK PUT USD CALL FX EUROPEAN STYLE OPTION SEP 16, 2003 @ 7.17 KNOCK OUT @ 7.05 WRITTEN FX OPTION PUT 71,700,000.00 NOK CALL 10,000,000.00 USD TRADE DATE 12/16/02 Dec 18 Write Option - 72,000,000 NOK PUT USD CALL FX EUROPEAN STYLE OPTION MAR 14, 2003 @ 7.2 WRITTEN FX OPTION PUT 72,000,000.00 NOK CALL 10,000,000.00 USD TRADE DATE 12/16/02 Dec 18 Buy-Back Opt 59,265,000 NOK CALL USD PUT FX EUROPEAN STYLE OPTION DEC 17, 2002 @ 7.5 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 12/16/02 - 398,258.00 222,500.00 - 200,000.00 175,758.00 Amount USD 200,000.00 EFTA01552712 12 Settlement Date JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 34 of 40 U S Dollar Activity by Date Type continued Quantity Description Dec 18 FX Opt Asgn'D - 75,000,000 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION SELL NOK BUY USD TRADE 12/16/02 VALUE 12/18/02 Dec 18 Purchase Dec 19 Write Option 10,672,230.60 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) - 5,000,000 GBP PUT USD CALL FX EUROPEAN STYLE OPTION JAN 07, 2003 a 1.595 WRITTEN FX OPTION PUT 5,000,000.00 GBP CALL 7,975,000.00 USD TRADE DATE 12/17/02 Dec 19 Write Option - 7,162,500 CHF PUT USD CALL FX EUROPEAN STYLE OPTION JAN 07, 2003 a 1.4325 WRITTEN FX OPTION PUT 7,162,500.00 CHF CALL 5,000,000.00 USD TRADE DATE 12/17/02 Dec 19 Write Option - 44,250,000 SEX PUT USD CALL FX EUROPEAN STYLE OPTION JAN 07, 2003 a 8.85 WRITTEN FX OPTION PUT 44,250,000.00 SEX CALL 5,000,000.00 USD TRADE DATE 12/17/02 Dec 19 Sale - 266,295 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 266,295.00 47,000.00 41,100.00 Amount USD 10,273,972.60 - 10,672,230.60 43,863.00 EFTA01552713 12 Settlement Date JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 35 of 40 U S Dollar Activity by Date Type continued Quantity Description Dec 31 Purchase Opt 13,500,000 CHF CALL USD PUT FX EUROPEAN STYLE OPTION JUN 26, 2003 a 1.35 PURCHASED FX OPTION CALL 13,500,000.00 CHF PUT 10,000,000.00 USD TRADE DATE 12/27/02 Dec 31 Write Option - 14,100,000 CHF PUT USD CALL FX EUROPEAN STYLE OPTION JUN 26, 2003 a 1.41 WRITTEN FX OPTION PUT 14,100,000.00 CHF CALL 10,000,000.00 USD TRADE DATE 12/27/02 Dec 31 Write Option - 70,000,000 NOK PUT USD CALL FX EUROPEAN STYLE OPTION SEP 26, 2003 e 7 KNOCK-OUT a 6.92 WRITTEN FX OPTION PUT 70,000,000.00 NOK CALL 10,000,000.00 USD TRADE DATE 12/27/02 Dec 31 Purchase Opt 68,500,000 NOK CALL USD PUT FX EUROPEAN STYLE OPTION SEP 26, 2003 a 6.85 PURCHASED FX OPTION CALL 68,500,000.00 NOK PUT 10,000,000.00 USD TRADE DATE 12/27/02 Dec 31 Sale - 19,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 19,000.00 - 201,000.00 147,000.00 235,000.00 Amount USD - 200,000.00 EFTA01552714 12 JPMorgan Chase Bank 2002 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC Asset Account Portfolio December 01, 2002 - December 31, 2002 Page 36 of 40 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: JPMor an, Private Bank, . We must hear from you no 1 ater than 60 aysatertestatement on w c teerror or pro em 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 J.P.Morgan Funds Distributor, Inc. is the distributor of the J.P.Morgan Funds and American Century I nvestment Services Inc. is the distributor of the American Century Funds. JPMorgan Investment Manage ment Inc. and American Century Investment Management serve as investment advisors to their respectivefund families. Shares of the funds are not bank deposits and are not guaranteedby any bank, government entity, or the FDIC. Return and share price will fluctuate and redemption value may be more or less than original cost. While the moneymarketfunds 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 re presentthe funds' most recentincome dividendannualized. If you have chosen one of the sweep mutual funds, you are notified