EFTA01506998.pdf

04 12004 JPMorgan Chase Bank 345 Park Avenue, New York. NY 10154-1002 JPMorgan Private Bank Account Number: 0 30171.00.5 Asset Account Portfolio Page 18 of 82 FINANCIAL TRUST COMPANY INC April 01, 2004 - April 30, 2004 Description Counter Cowley Premium Premium Premium Current Market Unrealized Cuslp Amount Currency Amount Currency Local USD Value USD Oalts/LOss USD Foreign Exchange continued GBP PUT USD CALL GBP - 5,000,000 USD - 8,900,000.00 USD - 167,320.00 - 167,320.00 - 170,942.55 - 3,622.55 FX EUROPEAN STYLE OPTION JUN 15, 2004 (12 1.78 KNOCK IN TRIGGERED @ 1.76 XGBPPA-GT-Z GBP CALL USD PUT GBP - 5,000,000 USD - 9,150,000.00 USD - 91,500.00 - 91,500.00 - 34,692.35 56.807 65 FX EUROPEAN STYLE OPTION JUN 15. 2004 @ 1.83 KNOCK IN TRIGGERED © 1.86 XGBPCA-11W-Z Total Foreign Exchange - 2,912,269.13 - 5,110,038.82 - 2,197,779.89 Eschimpe-Mled options are ranted smog market anon Si dmort of titaisieSS fa Itaternewit date Over-The-COunler (OTC) opting are valued et Malailarket unless criserwsso ♦♦reed. Sew Important InfomsarlOn about MUM° and ValuatIons. Jr:portent Infonnatran about Pacing and Valuation♦ Pnces mad ol which an pnsvdsd by pining ..as cr other sources Mica we deem relable, we not gunnies' for imagery."' es meted* values Vatiabons of ovezilwoounks &native transsebsne include/geodes, derwahveszeiabd deposit products, have been prepared one mid-mantel basis Thine rebels:ins are irdswarve values as of he cost d business of the dated Me stslement end. except as otherwise agreed in writing. Mese valuators do not represent the actual berms al with Sensations or mottoes coed be bought cc soil or new trenseelsms cowl] be enfeeed into sr the actual kern on Mich eyeing irensaeb:os secretes muff be lqudaled as el the deb chills statement We do not mamma thee completeness sr accuracy nate wetratons we domed Porn proprietary models based upon was reeognced financial pina'pArs and we hart when necessary le calculate the present vandal future cash new. made reasonable eshottee about relevant lean nabs( confoloos Muth:ft based en other models cc afferent essumptone may raid dement react. Abysm expressly dssdarns any responsibility kr (e) the es:curacy of the models cc edenalea used n dame, the veluatona (2) any ewers or omosiora in canna,"g c dasernateng the yabistons an1(3)any uses towhee The valuations we put Valuations are provided kr inismation purposes only order. intenckst salary ke, )w own use. Reese rely to Me trade cantimam b , debts of wadi Wafted:on Confidential Treatment Requested by JPMorgan JPM-SDNY-00031987 Chase CONFIDENTIAL SDNY_GM_00301185 EFTA01506998