EFTA01497124

January 01,2005 - January 31,2005 rase 6 of 6 NES, U.0 Primary Account Number- JPMorgan Private Bank Important Information about Your Statement Personal accounts are subject to the Deposit Accounts Agreement or the General Tams For Accounts mid Services. Business amounts are subject to the Terms and Conditions for Commercial Accounts or the General Terms For Accounts and Services. Your accounts, unless otherwise indicated on the statement. are held by JPMorgan Chase Bank. NA. (the "Bank") Deposit accounts held at the Bank, including checking. slangs, CD, and money market accounts, arc FDIC insured. In Case of Errors or Questions About Your Electronic Fonds Transfers (personal accounts only! Telephone or ante to the Bank if you think your stare ant or receipt is "Tong. or it you need more alienation about an electronic transaction on a statement or receipt The phone number for inquiries is printed on the front of this statement The address for inquiries appears below. We must hear from you no later than 60 days anis we sent you the rattsT statemcnt on %filch the error or problem appeared. • Tell us your name and account 'rumba. • Describe the emir or the transfer you arc UM= ahoul, 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 die suspected earn. Plats: direct all inquiries to your Morgan Accotmt Officer at JPMorgan Private Bank Client Service 500 Stanton Christiana Road, 1/O13S3 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 U.S. and point-of-sale transactions), ac will recredit 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 feel an error has taken place or have questions concerning a non-electrome transaction. telephone or write us within 30 days. The phone number is printed on the front of this statement The address appears above. lino report is received within this period. your account will be considered correct. Mutual Rinds/Securities Securities (including Mutual Funds) and annuities are not bank 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 gm ernment or government agency or government sponsored agency. Securities (including mutual funds) and annuities invoke ins est ment risks, including the possible loss of the principal amount Invested. the distributor of the JI'Morgan Funds is J.P. Morgan Funds Distributor. Inc. which is not affiliated with the Bank. the Bank and its affiliates receive compensation front the 'Morgan Funds for providing =vices to the kids. Raid the ;Morgan Funds prospsxtuses carefully for details including fees and impasses, before investing or sending money. JPMorgan Select Shams of the Connecticut Daily Tax Free Interne Fund. Inc. and JPMorgan Select Shams of the New homey Daily Municipal Income land, Inc. arc not part of, or affiliated with. the Jilviorgan Family of Mutual Funds. Reich & 'Fang Distributors Inc. and Reich & Tang Asst klanagemart L.P.. Mich are unalfiliatal with JPMorgan. an: the funds' distributors and investment advisor. respectively. Reich & Tang Distributors Inc is a member NASD. IRA Accounts Accounts where the Bank serves as trustee or as discretionary investment manager for an ERISA plan or an IRA that hold Fiduciary Shams (as described below)do not bear any portion of investment. administrative.cuilodian or other charges paid to the Bank or its affiliates for se vices to the applicable Illsforgan Funds since these charges arc subject to rebate as defined blow. For accounts where the Bank serves as trustee, or discretionary investment manager for an ERISA plan or an IRA. which hold shares in the JPMorgan Funds other limn Fiduciary Shares, the Bank receives fees for services from the JPMorgan Funds but waives account fees with respect to the funds so hekl. Fiduciary Shares me shares in the Select Shams class of 'Morgan Tax Aware Large Cap Value Fund, II/Morgan US Equity Fund, 'Morgan Tax Aware US Equity Fund, JPMorgan Tax Aware Large Cap Growth Fund, JPMorgam Mid Cap FAO. Fund. JPMorgan mist Small Cap Equity Fund. .IPMorgan Plaiting International Equity Fund. JI'Morgan Short Term Bond Fund II, JI'Morgan Bond Fund II, 'Mown Tax Aware Enhanced Income Fund, JPMorgan Tax Aware Short-intermediate Income Fund. n'Morgan Intermediate Tax-Free Income Fund. JI'Morgan Tax-Free Income Fund, JPMorgan California Bond Fund. JPMorgan NY Intermediate Tax Free Income Fund and JI'Morgan NJ Tax Free Income Fund held in the Bank's mist accounts or in the Bank's investment management accounts for ERISA plans or IRAs. 'Rebate mains an amount returned by the Bank to the account which holds the Fiduciary Shares. The rebate amount represents the portion of servicing foes paid to the Bank by the mutual fund with respect to Fiduciary Shams. Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00020542 SDNY_GM_00289740 EFTA01497124