EFTA01511582

06 2003 Account Number FINANCIAL TRUST COMPANY, INC. June 01, 2003 - June 30. 2003 JPMorgan Chase Bank 345 Park As enue, New York, NY I0154-1m? O JPMorgan Private Bank Asset Account Portfolio ) of •C IMPORTANT INFORMATION ABOUT PRIVATE INVESTMENTS: FOOTNOTES 1 • 3 Phyate Equity Hedge Funds Etchenge Funds Rear Estate and Other Mane!~ Assets I Died pave» apt* .m..estrrents and ~led pls.investments (ea, mlorests,n Amited partner sites and i~ bablity Canpanes)ere generaitytMquel secunbes Yates we estimates "end We not nanented aCCuttCyOr COMple~ Valinedo not repeesent V» et teal *fife et *nth tan9aCtnsa aieurgai Could be beyaat or sal a new transactions COW/ be entered info a Pie &Toe/ bane Oa Met./ e.atng Danseclions could be keedefee I ea Ot the Oa» CI Etna slaflY Dyed private era IA>. investmern5 ate genpreaystu d el teat urdess Uwe .s an actnesecondarytradvio market in the seeuntiat m winn)Cate drool pthateequty ilwestmmts ate valued using rnatketpriCes as Of the Clap? d MdlMt buleNles ~Rs' the Statement paged Pooled a rvateeqcs: y ~Matta ere vaAralaccorang to GeneeelPattnee's a ~epee's staled melhOJObgy In general pool. d re91,9 eqinty whin:m*4Y, tve yoked et &at un»39 a stoles°, mites!~ event °Can when mandaten ~None( the investment The Wen" , raelhed0,09.94 PaneeMYncloal an aP09141110I unclehtra ; assets at the beetle alma! c a hergian.donn antxtat et a value at wherr Mrd party financing has occumed at to merkel pm* t en actwo secondary market &yokes. n at rate Cat-Wated by an independent early ~so rider to the halted (ete/she egnaemonl tarried 4~1ycompany enema,: cv ether Cy>✓t aha ffi dOCurneafalon Ay each ir ~Irma for me spec& vetyition eyrythodofty used by the Greed Pattnor a Manager la that investment Sloven otputkiketselhens any rospcnitalyky Wale 9x:cayenne end Sy mamoiclogyusod GenaralPailnar Managa dahtng walualons. (2)•nyarcesor an:ism:ins in caned»; to doseamehm the vektoboes andad()lanl'usato valicr, the v *AWAY'S are put VaAJOIKASaropioadedk. mlatratton purposes Onsy and re intended SOW/ for yaa Own ore Hedge funds gerevabyclikVate the pee (Me Wes Assaf Value-of • NAY' 10-15 1:031,1"14 days klbwerg the test business day cl tee month Fa that reason helge fund NAY: shown tNY genya\ybe the NAY of the month amain; this statarent Parted in general the Wits stoke/ net d ne tend ncenhe lees The NAVe cakulaled ~mg to the GentrealPartners a Manna*: stated rrethatotzgy ~scrota to Me &rated perateeshe *greaten,: tented habelycomponyagreanenta other cpaatnes documents...on for each hedge lund ke the specific kalvabon methodology used bye* GonealPettner tat Menem lor that hedge lund Morgan expreish.dtscasvns any taapon stAttly lee (I) pro ecancyd the thhomMon and the methodology used by the GcnerelPartneece Manage In dame° vatuabons(2)anyetrors or ~setts in compare a asseennattry the vakrations ad(3)any use to wan the yakehonstee put IlektaMsns weptanded kw 'Marmites, purposes only and are atended solotykr your °en use ExchangeFunds. the puce (me Wet ASsel Vakte-oe WAV,includes Me web/eel any nollakelealeaatunbef Mat.. valye0~ us", lav va!uernelhodabgy emoted by lite board of the Mann« The Net &Met Veit; •USD' ellecls the Ane «old used to knancethe noornerkeaetemecttottes the non.ntwkeedblesectaibes end Me swap coneects used lo ~gale the ~resttote mk between the karma tote on the One ol Oede end !he feed Nee ol non-nwliefebtesectattbes TeFaradøn'YawdonnnMeNeot col< to My loolotnehot meneeenentlees at startup p .n Me .Kil Met the dNelend ~cm, Iran Me ceklerhelgsecvnhes centmt De, the ekeellketOr Me Food This statement does no, provide tan "(wawa on a nele investments Seale °commie 'eh( upon Ne Gametal Partnar a Memo« «the reestment 'ehcle ta Me tnktmebon Poops some of vi nich pre provided by peeing services a otre sources at al 'ne doom «Ma*, are aot guaranteed 'Of accuracy a as reabzebto waives 2 Tre taptai Cared Sate tneoplion USE,' end tnil/Secomy&sirtut:cos Sy« tncepaon t cattms ere updated 0100•Jity to redact acting (raped cats and d4YibutenS) erY 3 Hedge funds coneraayeasw subscretons na monthly or quark:Hy besa Vas aYerest,n a hedge fund a hedge lied of funds is genoralyes of the lest business day elate subsoebon period Due to calylunang rap urements by OM epolcabie fund your account may be deb.ted ke te sub:a ebon amount once to the svbscrelon date Peeserera to the abotosbtehodgc tuns 0Pet&nedCcerreatehen for TtYthe'deSe,13 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00037411 SDNY_GM_00306609 EFTA01511582