EFTA Document EFTA01485416

J.P.Morgan JEFFREY EPSTEIN For the Period 1211/09 to 12/31/09 Important Information about Pricing and Valuations Certain assets including but not limited to, pooled private investments, non-publicly traded and infrequently traded securities, derivatives. partnership interests and tangible assets are generally illiquid, the value of which may have been provided to us by third parties who may not be independent of the issuer or manager. Such information is reflected as of the last date provid