EFTA01507381

07 12004 Account Number: FINANCIAL TRUST COMPANY INC July 01, 2004 - July 31, 2004 J.P. Morgan Securities Inc. 270 Park Avenue, New York, NY 10017 JPMorgan Private Bank Margin Account Portfolio Page 65 of 65 IMPORTANT INFORMATKeti ABOUT YOUR JPMSI MARGIN ACCOUNT Inhere We any MPS or OinittIOSIS on this statement. Of If you have any questions aboutq plate COONCIOILWJPAISIACCOLMIROpritaenfenve or ✓PMSI COmphanCeDep•ITMOnt atar Abase keep the knowing n mod when ohm ass statement to beak yes JPMSI brokerage acavay nes statement Gambian you general nwgin wean: men the spec.) memorandum examd requEed by Seaton 220 6 Regulation T As rebored by Regubbon T. a permanent record &Ms separate account is eivatbbie opal )w regal ImportaM Warmed.= about Pelting and Vateattlant Popes some of newt; yeprovided by acing arras a oThef swan *bob ne deem 'Mat* eve not gussanteetd fa ecancy or ss reeMeebee values Frew aear stances in yes account ere not segregate/ and may be used in the oprebon of JPIASes business subject 10 The Nnfatwa Of SEC Rule 15033 (Miens anonym° a:Masted. JPMSI ads agents and depCIACninS nil hold yet, segue:be, Upon yew Snead JPMSI well pay to you the amount awes' free god, babnoe and wa debate to you foonyed beawbbo heron yOlie bendy Intent mil be chested on any debt balance the method Ofcekubangneata desenbed ma letter sent loan maega costonws Upon whiten 'Squeal JPMS1 will supply you wdh ots most Weal statement required to be rants/led fo anslanen under SEC Rub 170-5(c) Ifs petal call is made wth respect so an ague of sac✓sea included in axe Mega Account we walla:cab, the call by a method wet doom by and ochntebb You should ban rebated sopeeate JPMSI bode contrrnabons la each seeuntes tranyocbon AO tarksactens aro artgoet both* MOW ant nonektons sad on the rovers. side of such contomahbra and ate soiree soap consaution by-laws auroras and aberprotsbans am0 nerbstplaco n/wo executed and governed by and construed a accordance was by laws of the state anew Yak and all appacame Agorae leas and mutations You meat promptly *dam JPMSI of mewed changes in 3w abasement obpobeas a Memel Muation Unless you inform JPMSI cinema.* JPMSI red consider me easernatancunontly in as has to be coerbbto and accurate JAMS; As loomed by law to repel to the Intend Revenue Same as dmdend s aehlbr interest 'cane on bonds gadded to yaw Meow"! Sang calends yaw Please 'elan Own statemenb b as: 0! you in Arapahos pbur acme tax ream A /nano M statement al JPMSI u tradable review personal superb:in of m onkel a a copy of it nil be mailed upon 1w mitten request. JPMSI a °Meath* and e a sepaeate legal entry from as bank a met aft-48W mcbang JPMCS The secuntes sold alleved a recommended by JPMSI ft) Are not ma ed by the Federal Lagoa, Insurance Capers on a any eta governmental agency 0 Are not deposes a other obigabons d JPIASIS boob a Waft effete., (unless otnevvoue adgebd) and are not guaranteed by a the responsantrly of any such Mbeleteunless encolcely sweet ca.:name and (3) Imam investment risks ebbing possible loss of the primes, imerskd JPMSI affthates may be lenders to emirs of sects bee that JPMSI unden•ertes in each case proceeds of deems": undenwaen by JAMS, may be used la the repayment of such loans and you should Wee to the daobbee documents relebng to particube mattes for discussion of any such Amang reaslionshas The Federal Reserve reguabs met JPMSI eaten yew Consent Wan? a Can Obtan cabin egranebOn Somas bank a Wit (Abates inalichng mew Creat eyebeatKin of you We we, (assume that pow contemn° to Mimed business mm JPMSI wa Censtrtue ewes consent to the =stag of such Infer 'Tenon by JPMSI and its arms or (NA aftehabe 10 the B. lent permitted by law JPMorgan Fbeete bankable marketag name fa the prweb banking bungs co ducted by J P MOrgen Chan 6 CO though as Subadelhe coal* de. matdmel 'PUCE and JAWS' Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00032416 SDNY_GM_00301614 EFTA01507381