EFTA01497046

October 01, 2004 - October 29, 2004 Page 6 of 6 NES, U.0 Primary Account Number: JPMorgan Private Bank Important Information about Your Statement Personal accounts arc subject to the Deposit Accounts Agreement or the General Tams For Accounts and Services. Business amounts are subject to the Terms and Conditions for Commercial Accounts or the General Tams For Accounts and Services. Your accounts, unless otherwise indicated on the statement. are held by JPMorgan Chase Bank (the "Bail:"). Deposit accounts held at the Bank, including checking. savings, CI), and money market accounts, arc FDIC insured. In Case of Errors or Questions About Your Electronic Funds Transfers (personal accounts only! Telephone or wine to the. Bank if you dunk your stamen( or receipt is wrong. or it you need more intonation about an electronic transaction on a statement or receipt The phone number for inquiries is pruned on the front of this statement The address for inquirica appears below. We must hear from you no later than 60 days alter we sent you the tittsT statement on which the error or problem appeared. • Tell us your name and account numb r. • Describe the mar or the transfer you arc unsure aloud, and explain as clearly as you can why you believe it is an error or why you need more information. • Tell us the dollar amount of the suspected arm. Plata: direct all inquilies to your Kogan Accusal( Officer at JPMorgan Private Bank Client Service 910 Stanton Christiana Road, I/OPS3 Newark, DE 19713-2107 We will investigate your complaint and will correct any error promptly If we take more than 10 business days to do this (20 business days for transactions outside the (1.S. and point-of-sale transactions), we will nxredit your account for the amount you think is in error so that you will have use of the money during the tune it takes us to complete our investigation. In Case of Erron or Questions About Non Electronic Transfers Please examine your account al once if you fix] an error has taken place or have questions concerning a non-electronic transaction. telephone or write us within 30 days. The phone number is printed on the front of this statement The address appears above. If no report is received within this period. your account will be considered correct. Mutual Rinds/Securities Securities (including Mutual Funds) and annuities am not bank deposits and are not FDIC insured nor are they obligations of or guaranteed by JPMorgan Chase Bank, or its affiliates or sin federal or state government or government agency or government sponsored agency. Securities (Including mutual funds) and annuities involve investment risks, including the possible loss of the principal amount Invested. 'Mc distributor of the JPMorgan Funds is JPMorgan Fund Distributors, Inc. which is not affiliated with the Bank. Ile Bank and its affiliates weave compensation from the Malaga' Funds for providing services to the ninth. Read the ;Morgan Funds prospectuses carefully for details. including fees and ccpansa, before investing or wilding money. JPMorgan Select Shoats of the Connecticut Daily Tax Free Income Fund. Inc. and JPMorgan Select Shares of the New Jersey Daily Municipal Income Fund. Inc. arc not part of, or affiliated with, the JPMorgan Family of Mutual Funds. Reich st Tang Distributors Inc. and Reich R Tang Anti Management L.P., which are unaffiliated with JPMorgan, are the fund? distributors and investment advisor. Reich & Tang Distributors Inc. is a member NASD. The Bank is not a registered broker-dealer. Securities transactions may be through JPMorgan Fiusal Distributors. Inc. a subsidiars of the Bank. is a member of NASD/SIPC. IRA Accounts Accounts of the Bank as trustee, or as discretionary investment manager for an ERISA plan or an IRA that hold Fiduciary Shares (as described below) do not bear any portion of investmat, administrative, custodian or other charges paid to the Bank or its affiliates for services to JPMorgan Funds for which a rebate process has been established since these charges are subject to rebate as defined below. For savants of the Bank as trustee, or discretionaty investment manager for an ERISA plan or an IRA. which hold shams in the JPMagan Funds odic than Fiduciary Shams, the Bank receives fees for services from the JPMorgan Funds but waives account foes with respect to the dads so held. "fiducitay Shams" mains shares of JPMorgan Select Funds and Institutional Shares of the JPMorgan Bond Fund II, JI'Morgan Short-Term Bond Fund II, JPMorgan Intermediate Bond Fund II. and JPMorgan Large Cap Equity Fund held in Bank trust accounts or in discretionars- investment managunent accounts at the Bank held by ERISA plans or IRAs. "Rebate means an amount returned by the Bank to the account which holds the Fiducian Shares The ramie amount regrets-us the portion of servicing fan- paid to the Bank by the mutual fund with respect to Fiduciary Shams. Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00020463 SDNY_GM_00289661 EFTA01497046