EFTA01511997

05 JPMorgan Chase Bank, N.A. 2006 345 Park Avenue, New York, NY 10154-1002 Account Number FINANCIAL TRUST COMPANY, INC. May 01. 2006 - May 31, 2006 JPMorgan 0 Private Bank Asset Account Portfolio Page 8 of 8 Exploration of JPMSI Ratings: JPMorgan uses the tainevng tonne system Overweight: Over the nett .s.x to MeV', monehs. no e.pect the Woe* !tog ou4oedorm the average tote, return O the skcis rn The analyst's (Or The entity-3n ream's) COvetege universe Neutral: Ora the non se to !Ache months we expect YR: stock von pewter, .n Ana wen the rootage tote! iteurn of the stocks n the anasts (a the analysts toarn's)corarago universe undenvelght: Over the next ex to MeSre months. *learnt:ea this etcA me unsex perform the *bane total ratter, a the stocks vi the analyst's (or the analysts team's) coverage universe Independent Research Ratings' JPMSt does not et- d sea ofhtvvnse adopt The IndeponlentPescarcnProndcormearcheniterennes OfierentIrms use a variety& items terms as wel as diforert teen's systems to desatethat recommoodetons !PM& uses a -retatNerahngs system as descnted stove IRPs may uses d.netentratovs system such es as So ...b$0.11defig0 94 system and use such *TM as UV. 1700. .5.0- Snot Wealne.and togs systems era tunasmentskYchtterent you ataataa reed oareludY the eh: Areal: of all tames used n the JPIASO and IRerosearen that is rneUded in the 'nova, tea for the reason and sox* the research con!ams the base kr Ina tamgs as wad as template int.-match concoming the analysts vans you should read oasittgl/ the resewchard not vita. 45 contents from the rain alone JPMorgan Private Bank n Me mantehng name for the pewele tysnlyng busenoss conducted by J P Morgan Chase & Co through its subsea/sea xceklwde inctuam JPMorgan Chase Bank NA JP Morgan Trust Company. N A and J P Morgan &cat*: Inc Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00037840 SDNY_GM_00307038 EFTA01511997