EFTA01511915

07 2005 Account Number FINANCIAL TRUST COMPANY, INC. July 01, 2005 - July 31, 2005 .1. Moroan Securities Inc. JPMorgan Private Bank Margin Account Portfolio Page 12 of 12 IMPORTANT INFORMATION ABOUT YOUR STATEMENT Contact your Otter ferule. Weal.« 11 yeti think yam, statement M OnCOMCI or you /Mahe MOMOnal IMOMMIIM »Out a tranSaCtbn m yOUI itatetnint PROS! e manna( the Swore*, fewestorProfection Corporal/on eSIPC7 a nob forproNmembershepcaporabon furded by broterdesbmandred ad» the Secuntes and ExcharspeCamosson Securitiesencloser held fora CuSlOnter account el JPSISO protected up to tra roue net aunty« each account TM Mt ~000 «protect« we& includes sty ro $100 WO of ~Om tar Cnk d Nord«? by SIPC As or Minch Xt04, the balm:ea M. ~ton a prorded by a separaExcessSIFC Sooty Bond wood by Customer Assel Pros:Mon Company SIPC and excess51PC protecton donet rand against tosses bon Auctuabonsm Ne raved the mantas Assets held m custody by fiolbgan Chase Bank NA (the -Banklare net subsea to &PC ct exam s SIPC pctecbon J P Ragan Sect/nos Inc JFIWorpan Chas. flank. NA a thew "Wm (the 'Morgan ConeanoW)Maypiaiddedinatandraatird.al Sales &It'd:0Mo Ce shnhoirlorscevers to arracrgan Rawls AmeconCenftry Funds or funds astabOstad sponsored ordsed. a maned by thrd palm and the Morgan Ccfripdficsf Troy be cormensaledkr such ~met NIPORTANT INFORMATION ABOUT YOUR JPMSI MARGIN ACCOUNT tr Ube are any soda a coNINOR8 OR this stRemonr• er tr you Mr* any clitestIons about it plebe contact your Mal Account Representable. or ~SI Compliance RePortmont or MT) 4834333- Freese beep he forming u mot when mop statarent to track your JAWS! bronagettc6yry Thu statement corrimes you genera. maw account with the spectemernoranclum account recurred by Settee 220 b Repub.:. T As scoured by Reoubbon T. e parbanentrecad or Mr soya ateaccount a avatabtarpon boo rawest Important tettomtation now Pinang and Valuations. Pn0e3 some or sib» are crowded by prong »man or opar scums *huh we deem mast* ere not bunted tor astunNy or as realizable blokes! Fressaedt balances in yas account aroma segregated and may be used in the ormatcn of RMS.: business subject to the Antonym of SEC Rub O&M Unless ~man nstructed JPMSJa its agents and deconcnes mil hold rat securities Upon your demand JAW& ImteertO yOu the amount Of >Our Inn Craft :We end tmOdestven0 see tutYpad secy... het 1 On Mt brined Intent nut be obeyedon any deb. Stance the method ot calculebru nano dttscnbedm a teller semi b Orrerpo customs You should here recesedseparateJPAIS, confrmenns b each securtes banerfan Mtransecbms we subject to Ms Berm and cannons stated on the maande of suds confirmsbons and are subject to the constrtutbn. bylaws customs and marpretatons of the MarkettabaSinere ~Cub? end paternal by end COMInsed n deCceddoanwrh the bus of thy SIM 01 New YakandaP eponnelederal laws and requbbons Further infonsts» mfh Prowl to connsoces and Other <WON retired to the egoCiRson of trammcbons including ocean transacts'« has been included m confrmeeons dat were prey ountrombel to you Upon written request JPMSI ned promptly supplyyssu mob the last such Memnon paRalcaths made Mil nstpectio map &man« oncludod in your Mason Asount we wa alboatethe Mt by • method i.e deem tar and equable Too mutt Croat* OchuteJPOISM eneNnalChenbea al Me ~bent «secants a ImenesalsarobOn Una, you aka rn JPAiSlotherosse JITIASt WOO ontada re totem:WM Warn6yon es Mr to NS oompiefe and ileCisale "ISM Ma bank end in Separate legal entity from rts bank a that ^sot« mcludmo JPMCB The secuutes sold. Offered a recommended by JP94SI (I) Mg not insured by the Federal Dato,! Insurance COMOrabcn a any all 9ciern.nki agency, (2) Are not Moons a other onpnons of !MASI'S bank or Wit ~au tooter otherwise sndceted) and we not guaranteed ya the ~panties of any such aftgeSes(unbss °spice's staled ckterwee) end (9) (bobe ores...sot mks neJudog ~ONO KM «the genes.' »Neared "Mrs bank., *Motes may be lenders to issuers of seedas That JPIISI urdenwdet in which inse proceeds c/ minungs unienswiffen by .0449 may be used Tor the repayment& such bans and you shOutl refer to the disclosure documents reterng to pa tic spurns kt discussion dam such landau retetbunits The Federal Roserverequres that IRIAN Mien your consent baton Can Obtain COMm elfOrrnanitrons as Wink or MIT aff gated rnauda2 that ceed4 evisbetonel you We bra assume Mat >our coencanq to tensed bosons wen -PUS. wiNconstifute jar consent to the sheeting c/ such ~don by JAMS( and its banka Molt etbastes to the «Mot pernsfled by tow brilloyan Promo Bonk is the ~kebob non la the pone banking busyness conducted by J P Morgan Chase it Co Mime); ds subsdranes worevale onclung JPMCB end JAWS, Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00037752 SDNY_GM_00306950 EFTA01511915