EFTA01497637

September 01, 2006 - September 29.2006 Page 7 of 7 NES, (SC Primary Account NumberM JPMorgan 0 Private Bank Important Information about Your Statement Accounts arc subject to the General Terms For Accounts and Services and applicable appendices and account agreements. Your accounts. unless otherwise indicated 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 accounts, me FDIC instant. In Case of Errors or Questions About Your Electronic Rinds Transfers (nenonal accounts oak) telephoneor urge to the Bank d you think your statement or receipt is wrong, or if you neat more intorination about an electronic trarisrwton on a statement or swap. The phone number for inquiries is prune) on the front of this statement. 11w orldre% for inquiries appairs below. We must hair from you no Inter than 60 days atler we sent you the FIRST statement on which the error or problem appeared. • Tell is your name and account number. Please direct all inquiries to your Morgan Account Officer at • Describe the erns or the transfix you are unsure about. JPMorgan Private Bank Client Sen'ice and emlain as clearly as you can why you believe it is an 500 Stanton Christiana Road, PORS3 error or why you need more information. Newark, DE 19713-2107 • Tell us the dollar amount of the suspected error. 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 paint-of-mle transactions). we wilt recredit your account for the amount you think is in error so that you will have we of the money during the time it takes us to complete our investigation. In Case of Erron or Questions About Non Electronic Transfers liaise examine your account at once. If you feel an error has taken place or have questions concerning a non-electronic transaction, telephone or write us within in days The phone number is printed on the front of this statement. the address appears above. If no lapin is received within this period, your account will be considered correct. Mutual Rinds/Securitles Securities (including Mutual Funds) and annuities are not bank deposits and are not FDIC insured nor an they obligations of or guaranteed by JPMorgan Chase Bank, N.A. or its affiliates or any federal or state government or government agency or gosemment sponsored agency. Securities (including mutual funds) and annuities int oh e ins estment risks, including the possible loss of the principal amount Invested. The distributor of the IPMorgan Funds is JPMorgan Distribution Services. Inc.. which is an affiliate of JPMorgan Chase Bank. N.A.. JPMorgan Chase Bank, N.A.. and its affiliates receive compen.sation from JPMorgan Funds for providing smites. Read the JPMorgan Funds prospectuses carefully for details, including form and expernwa before investing or sending money. JPMorgan Select Shares of the Connecticut Daily Tax Free Income Fund, Inc. and JI'Morgan Select Shares of the New Jam, Daily Municipal Income Fund, Inc. are not part of. or affiliated with, the JPMorgan Family of Mulual Funds. Reich & Tang Distributors Inc. and Reich & Tang Amet Management L.P., which are unaffiliated with JPMorgan, arc 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 &sachem,' investment manager for an ERISA plan or an IRA that hold Fiduciary Shares (as described below ) do not bear any portion of investment, administrative, custahan or other charges paid to the Bank or Its affiliates for services to the applicable Wtiforgan Funds since these charges are subject to rebate as defined below. For accounts where die Bank wags as trustee, or dimmtionary investment managa for an ERISA plan or an IRA, which hold slums in the IPMorgtin Funds other than Fiduciary Shares, the Bank naives foes for services from the JPMorgan Funds but mien account fees with respect to the funds so held. Fiduciary Sham are shares in the Select Shares class of JPMorgan Tax Aware Large Cap Value Fund, JPMorgan US Equity Fund. JPMorgan Tax Aware US Equity Fund, JPMorgan Tax Aware Large Cap Growth Fund. JPMorgan Mid Cap Equip Fund. JPMorgan Tcost Small Cap Equity Fund, 'Morgan Fleming International Equip Fund. 'Mors's) Short Tam Bond Fund II, JPMorgan Bond Fund II. JPMorgan Tax Aware Enhanced Income Fund, JPMorgan Tax Aware Shari-Intermediate Income Fund. JPMorgan Intermediate Tax-Free Income Fund, JPMorgan Tax-Fm Income Fund, JPMorgan California Bond Fund. JPMorgan NY Intermediate Tax Free Income t'und and 'Morgan NJ Tax Free Income Fund held in the Rank's hum accounts or in the Bank's investment management accounts for ERISA plans or IRAs. 'Rebate means 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 Shares. Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00021088 SDNY_GM_00290286 EFTA01497637