EFTA01511944

10 JPMorgan Chase Bank, N.A. 2005 345 Park Avenue, New York, NY 10154-1002 Account Numbe FINANCIAL TRUST COMPANY, INC. October 01, 2005 - October 31, 2005 JPMorgan 0 Private Bank Asset Account Portfolio Page 5 of 10 Equity Research Ratings Independent, third party research is available for 18 months after JPMorgan Securities, Inc. terminates coverage. Clients can access this research at www.privatedientjpmorgan.com or can call their JPMorgan representative at their toll free number to request that a copy of this research be sent to them. Equity Research Ratings for any company where JPMSI has terminated coverage are excluded below. For explanation of JPMSI ratings, see disclaimer section at end of statement. For third party ratings systems, see specific third party research at www.pqvateclientjpmorgan.com. Equity Holdings in Alphabetical Order 009CflptIOIVTICkef Ratings UNITED STATES STEEL CORP X JPMSI: OVERWEIGHT MRNGSTAR: 4 stars Providers: ARGUSRES = Argus Research Corporation; BOE SECU = BOE Securities; MRNGSTAR = Morningstar; REN CAP = Renaissance Capital Sporran; entonnaban allele Pacing and valuations Axes. son* of what at. ()SOWS] byplay arson a over sane. when we deem ratable. we not guaterancl la accuracy a ea mamba rause Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00037781 SDNY_GM_00306979 EFTA01511944