EFTA01497052

October 30,2004 - November 30, 2004 Page 6 of 21 NES, LLC Primary Account Number. O JPMorgan Private Bank Important Information about Your Statement Personal marts are subjat to the Deposit Accounts Agreement or the General Terms For Accotmts and Sanas. Business accounts an: subject to the Tams and Conditions for Commercial Aromas or the General Terms For Accounts and Services. Your account& unless otherwise indicatial on the statement. are held by JPMorgan Chase Bank. N.A. (the "Bank"). Deposit accounts held at the Bank, including checking, savings, CD, and money market rotas, are FDIC insured. In Case of Errors or Questions About Your Electronic Funds Transfers (personal accounts onM Telephone or write to the Bank if you think your statement or receipt is wrong. or if you need more intormation about an electronic transaction on a statement or receipt. The phone number for inquiries is printed on the front of this gateman. 11w address for inquiries appears below. We must hair fmm you no later than 60 days after salt you the FIRST atrial on which the error or problem appeared. • Tell us your name and account number. • l)cscnbe the error or the transfer you an: unsure about. and explain as clearly as you can why you Mieve it is an error or why you need more information. • Tell us the dollar amount of the atspected error. Please direct all inquiries to your Morgan Account Officer at JI'Morgan Private Bank Client Service 500 Stanton Christiana Road. I MM'S3 Neuark. DIE 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 U.S. and point-of-sale transactions), we will reeredit your account for the amount you think is in error so that you will have use of the money during the time it rakes us to complete our investigation. In Case of Errors or Questions About Non Electronic Transfers Please examine your account at once. If 'DU feel an error has taken place or have questions concerning a non-electronic transaction. telephone or write us within 30 clays. 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 Funds/Securides Securities (including Mutual Funds) and annuities are not hank deposits and are not FDIC insured nor are they obligations of or guaranteed by JPMorgan Chase Bank. N.A. or its affiliates or any federal or state government or government agency or government sponsored agency. Securities (including mutual funds) and annuities invoke investment risks, including the possible loss of the principal amount invested. The distributor of the JPMorgan Funds is J.P. Morgan Funds Distributor, Inc. which is not affiliated with the Bank. 11w Bank and its affiliates receive compensation from the JPMorgan Funds for providing services to the funds. Read the JPMorgan Funds Forman:a carefully for details including fees and expones, before investing or sending money. JPMorgan Select Shares of the Cotnecticut Daily Tax Free Income Fund. Inc. and JPMorgan Select Shares of the New Jersey Daily Municipal Income Fund, Inc. are not pat of, or affiliated with, the JPMorgan Family of Mutual Funds. Reich & Tang Distributors Inc. and Reich & Tang Asset Managinnent L.P.. which are unaffiliated with ;Morgan. are the funds' distributors and investment adVialf. respectively. Reich & Tang Distributors Inc. is a membaNASI). IRA Accounts Accounts where the Bank serves as Unsay or as disaetionary investment manager for an ERISA plan or an IRA that hold Fiduciary Shares (as described Mow) do not bar am portion of uwe nnent. administrative. custodian or other charges paid to the Bank or its affiliates for salaam to the applicable JPMorgan Funds since these charges are subject to rebate as defined Mow. For accounts where the Bank saves as mar, or diretionsuy invatment manager for an ERISA plan or an IRA. which hold shares in the JPMorgan Funds other than Fiduciary Shares, the Bar& receives fees for services front the JPMorgan Funds but waives account fees with respect to the funds so held. Fiduciary. Shares are shares in the Select Shares class of 'Morgan Fax Aware Large Cap Value Fund, JPMorgan US Equity Fund, JI'Morgrm Tax Aware US Equity Fund, JPMorgan Tax Aware Large Cap Growth Fund. JPMorgan Mid Cap Equity Fund. JPMorgan Trust Small Cap Equity Fund. JPMorgan Fleming International Equity Fund, JI'Morgan Short Tam Bond Fund II, JPMorgan 13ond Fund II, JPMorgim Tax Aware Enhanced Income Fund, JPMorgan Tax Aware ShorbIntermoJiate Income Fund, JPMorgan Intermediate Tax-Free Income rind. JPMorgan Tax-Free Income Fund. JPMorgan California Bond Fund JPMorgan NY Intermediate Tax Free Income Fund and JPMorgan NJ Tax Free Income Fund held in the Bank's trust accounts or in the Bank's investment management accounts for IIRISA plans or IRAs. "Rebate means an amount returned by the Bank to the account which holds the Fiduciary Shares. The rebate amount represaits the portion of servicing fees paid to the Bank by the muted fund with respect to Fiduciary Shares Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00020469 SDNY_GM_00289667 EFTA01497052