EFTA01511743

06 12004 Account Number: FINANCIAL TRUST COMPANY, INC. June 01, 2004 - June 30. 2004 J.P. Morgan Securities Inc. 270 Park Avenue, New York, NY 10017 JPMorgan Private Bank Margin Account Portfolio Page 15 of 15 IMPORTANT INFORMATION ABOUT YOUR JPMSI MARGIN ACCOUNT (there are any brag or OmbelOnt On This flettmant, Of If yOu have any gunboat about 14 plane COONCI yoursust ActountRepresentenve or JPASSI Compliance Departilltnt at (214 4834323. Please keep the fallowing an mod when tang this statement to ha your JPMSI brokerage act.* This statement cosines )w general neon acccunt nit the spec& memorandum account required by Seaton 220 6 Regulatan T As regared by Regubbon T. a permanent recad 0()w separate account rs eriatlabie teen pas regal Importam Information about Pricing and Valuellang Popes some of newt seprovided by prong seams a other sources slidh he deem reAable se not guranfeed fa scanty or as reit-Wale vales Free credit Mamie in yea account are not segregate/and may be used in the operation of JP1.1511 bosons subteCf 10 the Inaguns Of SEC Rule 1503-3 Unless aerial-Asa ',ablated. JP41-9 ads agents and deposacnes war had yvt, securities Upon yew demand IRA& mg pay to you the amount of wur free aeal bebnca and wg deka' to you foonyad seCuntes hekl On you IsONST Intent wN beta-fled on any debit balance the meh(d Of °obviating Vitae)! a dose:abed ma teller sent to all maiipn costonws Upon soften request ANIS *resupply you withal most recent statement required to be furnished to Customers under SEC Rule 170-5fa Ifs parbalcall is made wth respect so an Issue of searaes included in axe Wage, Account we wet Sate the call bye mead we deem taw and equitable You should fan reamed separate-11'1.1Sr bade conarnabons each secuntes transaction AO tarksactens ere subject bib. Sams and 030dtOnS saled on we reverse Side Of such coolomatans and se suaect to the consbruarn by-laws arstoms and eberprelabans ol the morkoolaco n /Ito executed and governed by one construed a accordance wan the laws of the state a' New Yin and all aopca0b roarer lens and regulebons You must promptly *dace JP14S1 d metered changes in )our tmestmont obpclotoscettnanow *Nation Unless you Worm JPMSI ornerwars JPMSI red consider the racaneban currently in its tiles to be cornOte and accurate JAMS; AS /abused by taw to repot to the Internal Revenue Sows as dradend s aatior interest u7CanS on bonds maned to your account drag calends yaw Pease reran all w statements bass a! you n preparing you acme tan returns A /sena statement of ANIS us amiable *you personal aspects= at its alkyl as copy of a will barnacled uPznlytir waren request. JAMS/ a no I a bank and is a separate legal enby from to bank a met affibiee: mckAlag JP14CI3 The saturates sad wend a recommended by JPMSI II) Are not ma ed by the Federal Deem, Insurance Caporabon a any other goverrmenta agency 0 Are not deposits or other obigatens of JPIASIS bank or Waft affable, (unless otherwise adgebd) and are not gurvambed by or the responstatrly of any such efgeleaunless malcely eased otherwise) and (3) brave investment risks ea-Wag possible loss of the paces, arrested JPMSI banking affable, may be lenders to bsucas dsacveaa that JPMSI under-wares in which apse pf mends of oneangs underwrrhen byJAMS may be used la the repayment of such loans and you shoutl nee, to the cleobsure documents relating to particular sectaes la discussion of any such kmdag refaronshas The Federal Reserve reguerbs the! JPMSI Cdt.n yaw consent before dam amen ortein tn€ a motion bomrts beak cf Uwe ef tastes incarclag mew credit evabrabon of you We reg assume Mal kw contemn° to trilliaad bu.S.ne3.1 mM JPMSI wit Canstrtut e you O0n NMI 10 the shame of sit?) Infer mown by JPMSI and its bank a Ova afrenbealOThe e. /Erg peenwIted by It. jPalorgan Pritele Beni, co the markong name fa the aware banking Maness conchae:: by J P MOrtien Chen 6 CO through as SlaradarleS waldrode maaane 3RICC5 end JPMSI Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00037576 SDNY_GM_00306774 EFTA01511743