EFTA01511899

06 2005 .II"ster (ran has,: Bank. N Account Number Asset Account Portfolio FINANCIAL TRUST COMPANY, INC. June 01, 2005 - June 30. 2005 JPNlorgan Private Bank Page 11 of 15 In Cast of Eason a OuttoOnS About VOW EleertrOMC Contact your Mogan Team at ale of Me Iwbphonenurropson the front of this statement or canna us .1500 Stanton Chnsbana Road. LOPS Newark OE 19713-2107 as soon as swoon dear dank sav stNement ts wicerg of I iou need mons rdarratton abou be Penske on the statement We mud hear from sou no Wee then 60 days filer we sent you the FIRSTstakrment on when Me errors, problem appeared (1)7•11 us sour name and aocount number (2) Oescnbe the 070r Cr the transfer sou see unsure about and stostamas timely as you can shy you benved is n enact why sou need ow* Wanton (3)*1 us the doXatrantoun: of Iwo suspected are If you confect us many you must send us you'complaint er question Mn nnbrig 'stem 10 business days en cedar to wisennows rents We we/ insesSoal °sou compant and wet conectanyerrorpecsretry If ne take more than 10 business days to do this (20days for purchases usrq your dada card or ke internationagransmbons) we wel cedar:kr account for Me amount you think inserter so that you wit have the use of enorkeyd bog no Ws s takeout to COmplete Our inrestgatCh In Case Of wort Or duet/tone *DOW your StatenWtett. Including yOur Ift* Of credit tt you :junk that sour statement is .NOarera f you need frog estemotion about a Pansacton on sour nefernent mcludg a tuba of ansdif transacton )Cu must wrote bus on a soperefesheet Seat:oboist Me error and send it to JPMergan Choate Bank. 500 Stanton ChnsUana Road srOPSJ Newark GE 19713-2507 We must bear from you ra bier Men 60 days after the statement on nisch the erste,' probbm ammramdis sent Yeomen castled you chant sennoespeconstbut demo so ral not presenamourghts In sour rider. phrase pecede the fnnseine Wanton (I) your name and account number. (2)the Mier *mount of you suspects 17o' and (3)a th"Cnigan of The am' and 0 05laneta^ d you an "MY you beknorbn is an ens, tf Soo need mom er9mmabon Yew oust descreethe *sense° nurture about Importer, Intormetion about Pricing and Valuations Market Wu. intern-bon OPOLOng garnet?: lerdebon. probs. Malang, rates. Waved atone end bond ratings) furnolled herein has been Maned from sages thst the Bank teneves 10 De ....Mead a Mashed Mr Me exCiusive use ci the Meal The Bank mikes no repskensteecin wanantyce guarantee. express or raged thet any goosed Woe represents the actual:am' et which Panache° s or r seconhescould be bought or sold or new Iransacbons could be eased into or the *stoat buns an which noting transactions or socursies could be Squatted The current pros a Me vatted the financralasse4 there, unit ce contract as Arced at Me closed the market on the last day of Me stalement pencil cr Me lest assaalsbence AN vetoes probOod for stroctind Felddeposits (krayampleJPItasen London Tone Deposrts)reftect the cored depose amount ony The current 'Meeks RmilEsiskt Mineral interests and MdcorkingoosASSeSS nay not peke-Whatnot: assent velusof the asset VesatOnS01<nerdonecCunteedenteetwenansacbons malign° cents., clenvetvesunthafedlepost products here been prepared on a mkt-market tesa These valuator's we oda'''. values./ d the close of business of tne dale of Me sbbnwA and except as Weemse agreedan noting these vitiations do not represent dm actual term: a: v rich transoms's: a securdescourd be boughtor sail or new trank• ohmscoot' to enteral into or .970 ectuelterms on which existing transactsons or :etymon could be iquidatod woe the dated Mu• stelement Weds not Aran t thew Coerpieleness acCurecy These s *Nab:mare da scd hem moppet:sewn:deg based upon weiSrecogncedbnencer prnopies and we hese when nanarvybcakaisfethemegentvalreof future °Ian lbws mederessonebto estimates about Mesas; future market cad Sons Veruatrons based on other modigs ce °Wiesen: essurrobans may pet1 Meant resorts &Megan entuesseydedarts any responstkaty Scs (1)Me accuracy of the ined04$ a estimates used in demons Me yakrebons (2) any .'rasa ornemone an computing or <A ssonwebng the value-bons and (3)any uses to nisch the vabetions me put YeArabonsareprordectior info-ma:on poems any and aro Wended solely for sad own Lae Pleasereicele the bade contra-ohm for detest of each transactor Also's-request assets may be reflected slaw cuentnough they ansheld by• thrd perlyunathWded nth JPMorgan In such case imams JPMorgan worms* agrees sP4Irgan has no rospccuebatykr Me renfratron valuation safekaepringer td Mato assets Pleaserenvew)Our Sweeney', peons-Syand report enydscrepanossirtvredimetyle an account after whose name appearson the contact paged this statement The Informer' Funds or The JPI•ordan tnelitutiOnal Funds a The Amelean Century Funds Shams of the hands are not banedeposits and we not guaranteed by anybank govieornontentot or the FOIC Return and share pace *sr &Ma* and so:demob:es saloon-ay be mgt. se less Man ongmalcost Mule the money mwket fonds seek b mambo • sleeks net asset sated 31 00 per share. Memo no assuransethet they wit cantina to do so. Theesteratedannualetcome end dvdend rektfiguresk. mutual funds represent'ee funds' nest recent income dividend annualued The deltas d the JPMorgan Funds is IPSO:gap Diserbuton Sermon Inc., wifet is an aiNeste a JPItersten Chase 13anisN A JPMorgan Chase Bank NA and its &Metes recap compensation tom JPMorgan Funds for prowdmg seams Amencan Century Mies:Men tServicee Inc a OM datnbutte Of Me anseneen CenttayFunda Amend» Casey frwestment MensgementInc series as "garment *dross 10 its respective fond Runesand reCturesccerystmation from that fund Mmibr w prOmanginveslineol ollosory end other lances b yo.. news chosen one of the sweep mutual funds sou are notine that pas dons in Me Prune Money Market Snoop Fund re resent hal✓gs n Me JPMegen Rena Money What Fund, positions in the FederalStoney Merkel Sweep Fund represent holdings in the JAI-lager FcdoelMoneyMarketFund and pastons In the Tax Exeers1tfoney Market Sweep Fund reptesenthoonsis rn the JPItersten lax Exempt Morey Undue und IRAS! is the custodian snared options and most mutual hinds, maid thrd patty rnutue /funds. punshased Weigh JPMSI You shoutt ThreereoeheciseparateJMISI molrmetions tor each seckntes transaction AY tense:Dom me subsea So Mn. Won end cond van stand on the revirsesde of such m✓vmVons and aresutkest to is, consMoton, by-taws CuSlOnfl and &govern's:ensor the markagsboinvisere execrated and povemed by and consbool el accordance with the laws of the Stake of New Yak and al eppicedelederaltaws and rogutenons Further stomata, with respect to commamons and other shaves retied to Me execution of eansactons inClidong options Penes:bona has been onChrded m cadential:ma Met mg prevOu•Nteintahed10 yew. Upon written request JPICI red porrplly supply you with the Wes, suet, mfamebon Shanthadersof mean JIMA Funds weclouded& redemptcn beeps& b 2% el bbeproneede if they exchanged, redeem shares of such funds with" 60 days of purchase subject to ceder exceptions set lath in the prospectus of Me apptasbJeFund Preeseconsua your JPMagenrePeflentevatr a AV of be !PIA Funds Mel &WOO red•MptiOn JFIStSlis a member of Me Secures]. Manta Moletion CapdatiOn(SIPC)• noblcoseollmembentkprXrpMetion funded by Deeker-dearerregglentdrobb the 8M-urge. and EsChano•CannerlSto &Muralesend Cash held AMA Cusbmer account Mail& we prote<110 up to lee bet net equity of oath account The first 1502000 of protombort what indales up to S100.000 oPmactan kr cash a moulted by SIPC As of /Arch 2304. the Osten:ea the protecban is pordedlya sprat Excess StPC Surety Bond [salad by Customer Asset Proton-bon Company &PC end excess SIPC protecton do not probe, against losses Porn fluctuations in the newel the secures's Assets held in custody by JPA4P-gen ChaseBank NA (ths13ank)are not subject b S1PCcr excess S1PC polection Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00037736 SDNY_GM_00306934 EFTA01511899