EFTA01514053

October 30,2004- i NEW YORK STRATEGY GROUP, 1-1-C November 30,2004 Page 6 of 6 Primary Account Number. JPMorgan Private Bank Important Information about Your Statement Personal accounts are subject to the Deposit Accounts Agreement or the General Tams For Accounts ;r ad Services. Business amounts are subject to the Terms and Conditions for Commercial Accounts Of the General Terms For Accounts and Services. Your accounts, unless otherwise indicated on the statement. are held by JPMorgan Chase Bank. NA. (the "Bank") Deposit accounts held at the Bank, including checking. savings, CD, and money market accounts, arc FDIC insured. In Case of Errors or Questions About Your Electronic Fonds Transfers (personal accounts only! Telephone or ante to the Bank if you think your stare ant or receipt is wrong. or It you need more mionnation about an electronic transaction on a statement or receipt The phone number for inquiries is pnnted on the front of this statement The address for inquiries appears below. We must hear from you no later than 60 days arta we sent you the FutsT stawmcnt on which the error or problem appeared. • Tell us your name and account manta(. • IR:scribe the mar or the transfer you arc UM= ahead, and explain as clearly as you can why you believe it is an error or why you need more information. • Tell us the dollar amount of the suspected error. Plats: direct all inquiries to your Morgan Accomit Mica at JPMorgan Private Bank Client Service 500 Stanton Christiana Road, I/OPS3 Newark. DE 19713-2107 We will investigate your complaint awl will correct any tater promptly If we take more than 10 business days to do this (20 business days for tnueactions outside the U.S. and point-of-sale transactions), we will recredit your account for the amount you think is in error so that you will have use of the money during the tune it takes us to complete our investigation. In Case of Erron or Questions About Non Electronic Transfers 'Neese examine your account at once if you feel an error has taken place or have questions concerning a non-electronic transaction. telephone or write us within RI days. The phone number is printed on the front of this statement. The address appears above. lino report is received within this period. your account will be considered correct. Mutual FOnds/Securldrn Securities (including Mutual Funds) and annuities are not bank deposits and are not FDIC insured nor are they obligations of or guaranteed by JPMorgan Chase Bank, N.A. or its affiliates or any federal or state gm ernment or gosemment agents or government sponsored agency. Securities (including mutual funds) and annuities invoke ins est ment risks, including the possible loss of the principal amount Invested. The distributor of the JPMorgan Funds is .I.P. Morgan Funds Distributor. Inc. which is not affiliated with the Bank. The Bank and its affiliates receive compensation from the Morgan Funds for providing services to the funds. Raid the ;Morgan Funds prospxtuses carefully for details including fees and amasser, before investing or sending money. JPMorgan Select Shams of the Connecticut Daily Tax Free Interne Fund. Inc. and JPMorgan Select Shams of the New Jersey Daily Municipal Income Fund, Inc. arc not part of, or affiliated with, the Jilviorgan Family of Mutual Frisks. Reich & Tang Distributors Inc. and Reich & Tang Asset tvlanagemart L.P.. which are unaffiliated with WMorgan. an: the funds' distributors and ilIVCAMtIO advisor. respectively. Reich & Tang Distributors Inc is a member NASD. IRA Accounts Accounts what the Bank serves as trustee or as discretionary investment manager for an ERISA plan or an IRA that hold Fiduciary Shams (as described below)do not bear any portion of investment, administative.mmodian or other charges paid to the Bank or its affiliates for se vices to the applicable JPMorgan Funds since these charges arc subject to rebate as defined blow. For accounts where the Bank serves as trustee, or discretionary investment manager for an ERISA plan or an IRA. which hold shares in the JPMorgan Funds other than Fiduciary Shares, the Bank receives fees for services from the JPMorgan Funds but waives account fees with respect to the funds so held Fiduciary Shares are shares in the Select Shams class of 'Morgan Tax Aware Large Cap Value Fund, JPMorgan US Equity Fund, 'Morgan Tax Aware US Equity Fund, JPMorgan Tax Aware Large Cap Growth Fund, JPMorgim Mid Cap FAO. Fund. JPMorgan Trost Small Cap Equity Fund. .IPMorgan Fleming International Equity Fund. JPMorgrin Short Tenn Bond Fund II, ;Morgan Bond Fund IL 'Mown Tax Aware Enhanced Income Fund, JPMorgan Tax Aware Short-intermediate Income Fund, JI'Morgan Intermediate Tax-Free Income Fund, Wittman Tax-Free Income Fund JPMorgan California Bond Fund. JPMorgan NY Intermediate Tax Free Income land and JPMorgan Ni Tax Free Income Fund held in the Bank's mist accounts or in the Bank's investment management accounts for ERISA plans or IRAs. 'Rebate mans an amount returned by the Bank to the account which holds die Fiduciary Shams. The rebate amount represents the portion of servicing firs paid to the Bank by the mutual fund with respect to Fiduciary Shares. Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00040169 SDNY_GM_00309367 EFTA01514053