EFTA01503302

August 29,2003 ZORRO TRUST Primary Account Number. August 01,2003 - Page 3 of 3 JPMorgan Private Bank Important Information about Your Statement Personal accounts arc subject to the Deposit Accounts Agreement or the General Tenns For Accounts and Services. Business amounts are subject to the Terms and Conditions for Commercial Accounts or the Central Tams For Accounts and Services. Your accounts, unless otherwise indicated on the statement. are held by JPMorgan Chase Bank (the -13ratk"). Deposit accounts held at the Bank, including checking. savings, CD, 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. Mink if you think your Ma anent or receipt is wrong. or it you need more mlonnation 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 inquirim appears below. We must hear from you no later than 60 days atta we sent you the FutsT stawmcnt on which the error or problem appeared. • Tell us your name and account mantas. •Ikescribe the mar or the transfer aim arc unsure ghoul, 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 error. Plum: direct all inquiries to your Morgan Accoult Officer at JPMorgan Private Bank Client Service 500 Stanton Christiana Road, I/OPS3 Newark, DE 19713-2107 We will investigate your complaint and will correct any error pomptly 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 recredit your account for the amount you think is in error so that you will have use of the RIOMY dwing the tune it takes us to complete our investigation. In Case of Erron or Questions About Non Electronic Transfers Please 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 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 am not bank deposits and are not FDIC insured nor are they obligations of or guaranteed by JPMorgan Chase Bank, or its affiliates or any 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. The 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 JPMorgan Funds for providing =vices to the funth. Read the ;Morgan Funds prospectuses carefully for details. including fees and impulse:, before investing or gilding money. JPMorgan Select Shams of the Connecticut Daily Tax Free Income Fund. Inc. and JPMorgan Select Shams of the New Jersey Daily Municipal Income Fund. Inc. arc not part of, or affiliated with, the JPMorgan Family of Mutual Funds. Reich et Tang Distributors Inc. and Retch R Tang Asset Management L.P., which are unaffiliated with JPMorgan. are the fund? distributors and investment advisor. Reich & Tang Distributors Inc. is a menhir NASD. The Bank is not a registered broker-dealer. Securities transactions may be through JPMorgan Ftuid Distributors. Inc. a subsidiary 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 arc subject to rebate as delmel below. For accounts of the Bank as miste.e, or discretionaty investment manager for an BOA plan or an IRA. which hold shams in the JPMorgan Funds other than Fiduciary Shares, the Bank receives fees for se vices front the JPMorgan Funds but waives account foes with respect to the hinds so held. "fiduciary Shams" mans shares of IPMorgan Select Funds and Institutional Shares of the JPMorgan Bond Fund II, JPMorgan Short-Term Bond Fund II. JPMorgan Intamediate Bond Fund II. and JPMorgan Large Cap Equity Fund held in Bank trust accounts or in discretionary 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 Fiduciary Shares The rebate amount represents the portion of servicing fins paid to the Bank by the mutual fund with respect to Fiduciary Shams. Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00027910 SDNY_GM_00297108 EFTA01503302