EFTA01512005

06 2006 Account Number Asset Account Portfolio FINANCIAL TRUST COMPANY, INC. June 01. 2006 - June 30. 2006 Explanation of JPMSI Ratings: JPMorgan uses The toncevng tong system Overweight: Over the nett s.x to Mee mohs.wee.pecl the MX* wieoutperlam Sr. triennia totel re:unlade st0cAs en the analyst's (Or the eneYst's leam's)COverage universe Neutral: Ora the nett se to tactic months we expect YR: stock voN paten, .n Ana wen the onstage tote; return of the shacks n the aneWs (a tne analysts toom's)coetrago unease undenveight: One the nett ex to hneie months. *learnt:ea the slot* me tinier -peMs m the ebwage total rcNn cl the stocks in the analysrs (a the aneysta team's) coverage universe JPMorgan 0 Private Bank Independent Research Ratings: JPMSI has not et ,d a sea otnavnse adopt Me Independent ReseatchProndeormearchanSte ratings Otterentlems use a variey& etengs knit es wet a: dikter rahrgs systems to desate that recommendatons JPMSI uses a -retatNerahngs system es described stove /Res may use a deterentrahres system such es as so .etieO.‘derreSnlie &Vs:Omani use such *Mt as buy. lee . a •Sea- Since Westneand 'eb4COute-i togs systems are tuneementimYchtteent you Skaaa Mad oeeluaY the clohntons of al tangs used n the JPMSI and IRProsearen that is mckdec n the 'novenas's+, Fa the reasonand arca the research contact's the base to re tames as wed as compete irstnnaton concoming the analysts vans. you should reed consittili the resewchard not eta es contents from the rahng atone JPMorgan Ornate Bank is The invicettng name fa the pewele aarlyng Mimeos conducted by J P Maw Chase& Co through its subsdronea xondwde inctuang JPMorgan Chase Pen A NA JP Morgan TrustCompany. N A and J P Morgan &cat*: Inc Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00037848 SDNY_GM_00307046 EFTA01512005