EFTA01536327

JPMorgan Chase Bank, N.A. 270 Park Avenue, New York, NY 10017-2014 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Client News Mutual Fund Prospectuses are now available electronically Electronic delivery ("e-delivery") of prospectuses is now available to you. To begin enjoying the convenience of e-delivery, enroll today by contacting your J.P. Morgan Service team. Please note that e-mail delivery requires access to JPMorgan Online. Asset Account J.P. Morgan Team Paul Morris Jeffrey Matusow Janet Young William Doherty III Banker Investment Specialist Client Service Team Client Service Team Table of Contents Account Summary Holdings Equity Cash and Short Term Fixed Income Options Foreign Exchange Contracts Other Assets Portfolio Activity Online access www.MorganOnline.com Page 2 4 6 8 11 15 17 20 Page 1 of 52 EFTA01536327 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Account Summary Asset Allocation Equity Cash & Short Term Fixed Income Options Foreign Exchange Contracts Other Assets Market Value Accruals Market Value with Accruals Beginning Ending Market Value 0.00 0.00 0.00 0.00 0.00 0.00 $0.00 0.00 $0.00 Market Value 19,306,180.00 37,092,334.28 17,045,334.00 (4,322,724.03) (857,729.76) (6,731,159.99) $61,532,234.50 674,109.61 $62,206,344.11 Current Portfolio Activity Beginning Market Value Contributions Withdrawals & Fees Securities Transferred Out Net Contributions/Withdrawals Income & Distributions Change In Investment Value Ending Market Value Accruals Market Value with Accruals ($119,506.00) 495,838.25 61,155,902.25 $61,532,234.50 EFTA01536328 674,109.61 $62,206,344.11 Period Value 0.00 17,500.00 (137,006.00) Change In Value 19,306,180.00 37,092,334.28 17,045,334.00 (4,322,724.03) (857,729.76) (6,731,159.99) $61,532,234.50 674,109.61 $62,206,344.11 Equity Year-to-Date Value 0.00 76,050,715.67 (1,596,448.44) (305,005.00) $74,149,262.23 (249,159.96) (12,367,867.77) $61,532,234.50 674,109.61 $62,206,344.11 Estimated 1,371,200.00 666,510.72 1,136,500.00 Current Annual Income Allocation 26% 51% 23% Fixed Income $3,174,210.72 100% Cash & Short Term Asset Allocation Page 2 of 52 EFTA01536329 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Account Summary Tax Summary Domestic Dividends/Distributions Currency Gain/Loss Interest Income Taxable Income CONTINUED Current Period Value 11,000.00 375,748.98 109,089.27 $495,838.25 Year-to-Date Value 11,000.00 (326,091.27) 65,931.31 ($249,159.96) Unrealized Gain/Loss To-Date Value ($3,393,225.60) ST Realized Gain/Loss Realized Gain/Loss Current Period Value (1,314,122.88) ($1,314,122.88) Year-to-Date Value (1,690,757.00) ($1,690,757.00) Cost Summary Equity Cost Cash & Short Term Fixed Income Options Total 20,358,910.00 37,078,734.28 18,248,206.00 (3,171,500.01) $72,514,350.27 Page 3 of 52 EFTA01536330 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Equity Summary Asset Categories US Mid Cap/Small Cap Preferred Stocks Total Value Market Value/Cost Market Value Tax Cost Unrealized Gain/Loss Estimated Annual Income Accrued Dividends Yield Equity Detail Estimated Quantity US Mid Cap/Small Cap SOLAR CAPITAL LTD 83413U-10-0 SLRC Price Market Value Tax Cost Adjusted Original Unrealized Gain/Loss Annual Income Accrued Dividends Yield Beginning Market Value 0.00 0.00 $0.00 Ending Market Value 338,180.00 18,968,000.00 $19,306,180.00 Current Period Value 19,306,180.00 20,358,910.00 (1,052,730.00) 1,371,200.00 342,800.00 7.10% Preferred Stocks EFTA01536331 Change In Value 338,180.00 18,968,000.00 $19,306,180.00 Current Allocation 1% 25% 26% US Mid Cap/Small Cap Asset Categories Equity 13,000.000 19.26 250,380.00 286,910.00 (36,530.00) 31,200.00 7,800.00 12.46% Page 4 of 52 EFTA01536332 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Estimated Quantity US Mid Cap/Small Cap STRATEGIC HOTELS & RESORTS INC Total US Mid Cap/Small Cap 86272T-10-6 BEE 33,000.000 Preferred Stocks 3PM CHASE CAPITAL XXIX 6.7% PFD 48125E-20-7 3PM PC 800,000.000 23.71 18,968,000.00 19,980,000.00 (1,012,000.00) 1,340,000.00 335,000.00 7.06% $338,180.00 $378,910.00 ($40,730.00) $31,200.00 $7,800.00 9.23% 20,000.000 4.39 87,800.00 92,000.00 (4,200.00) Price Market Value Tax Cost Adjusted Original Unrealized Gain/Loss Annual Income Accrued Dividends Yield Page 5 of 52 EFTA01536333 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Cash & Short Term Summary Beginning Asset Categories Cash Short Term Total Value Market Value/Cost Market Value Tax Cost Unrealized Gain/Loss Estimated Annual Income Accrued Interest Yield SUMMARY BY MATURITY Short Term 6-12 months 10,156,100.00 Market Value Market Value 0.00 0.00 $0.00 Ending Market Value 26,936,234.28 10,156,100.00 $37,092,334.28 Current Period Value 37,092,334.28 37,078,734.28 13,600.00 666,510.72 167,243.31 1.15% SUMMARY BY TYPE Short Term Corporate Bonds Market Value 10,156,100.00 % of Bond Portfolio 100% Cash Short Term Change In Value EFTA01536334 26,936,234.28 10,156,100.00 $37,092,334.28 Current Allocation 37% 14% 51% Asset Categories Cash & Short Term Page 6 of 52 EFTA01536335 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Note: This is the Annual Percentage Yield (APY) which is the rate earned if balances remain on deposit for a full year with compounding, there is no change in the interest rate and all interest is left in the account. Cash & Short Term Detail Quantity Cash AUSTRALIAN DOLLAR COST OF PENDING PURCHASES JAPANESE YEN PROCEEDS FROM PENDING SALES US DOLLAR Total Cash Short Term FORD MOTOR CREDIT CO 7 3/8% FEB 1 2011 DTD 1/30/2001 345397-TS-2 B- /BA3 FORD MOTOR CREDIT CO LLC FLOATING RATE NOTE JUN 15 2011 DTD 03/15/2007 345397-VF-7 B- /BA3 Total Short Term 10,000,000.00 $10,156,100.00 $10,142,500.00 $13,600.00 $658,103.00 $166,505.00 Page 7 of 52 4.25% 5,000,000.00 101.25 5,062,500.00 5,000,000.00 62,500.00 289,353.00 12,860.00 4.42% 5,000,000.00 101.87 5,093,600.00 5,142,500.00 (48,900.00) 368,750.00 153,645.00 4.09% EFTA01536336 (0.01) (1,052,500.00 ) (0.02) (37,000.00) 28,025,734.29 0.84 1.00 0.01 1.00 1.00 (0.01) (1,052,500.00) (37,000.00) 28,025,734.29 $26,936,234.28 (0.01) (1,052,500.00) N/A (37,000.00) 28,025,734.29 $26,936,234.28 $0.00 8,407.72 738.31 $8,407.72 $738.31 0.03% 0.03% Price Market Value Tax Cost Adjusted Original Estimated Unrealized Gain/Loss Annual Income Accrued Interest Yield EFTA01536337 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Fixed Income Summary Asset Categories US Fixed Income - Taxable Non-US Fixed Income Total Value Market Value/Cost Market Value Tax Cost Unrealized Gain/Loss Estimated Annual Income Accrued Interest Yield SUMMARY BY MATURITY Fixed Income Less than 5 years, 5-10 years, 10+ years, Total Value 1 Market Value 4,782,834.00 9,062,500.00 3,200,000.00 $17,045,334.00 % of Bond Portfolio 28% 53% 19% 100% The years indicate the number of years until the bond is scheduled to mature based on the statement end date. Some bonds may be called, or paid in full, before their stated maturity. Beginning Market Value 0.00 0.00 $0.00 Ending Market Value 15,595,334.00 1,450,000.00 $17,045,334.00 Current Period Value 17,045,334.00 18,248,206.00 (1,202,872.00) EFTA01536338 1,136,500.00 164,066.30 8.13% SUMMARY BY TYPE Fixed Income Corporate Bonds International Bonds Total Value Market Value 15,595,334.00 1,450,000.00 $17,045,334.00 % of Bond Portfolio 91% 9% 100% Change In Value 15,595,334.00 1,450,000.00 $17,045,334.00 Current Allocation 21% 2% 23% Non-US Fixed Income Asset Categories Fixed Income US Fixed Income - Taxable Page 8 of 52 EFTA01536339 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Note: P indicates position adjusted for Pending Trade Activity. Fixed Income Detail Quantity US Fixed Income - Taxable P FELCOR LODGING LP 10% OCT 01 2014 DTD 10/01/2009 31430Q-BA-4 B- /B2 FORD MOTOR CREDIT CO LLC SR NOTES 7% APR 15 2015 DTD 04/09/2010 345397-VN-0 B- /BA3 CIT GROUP INC 7% MAY 01 2016 DTD 11/04/2009 125581-FW-3 B+ /B3 CIT GROUP INC 7% MAY 01 2017 DTD 11/04/2009 125581-FX-1 B+ /B3 GENERAL MOTORS CORP NOTES 8 3/8% JUL 15 2033 DTD 07/03/2003 IN DEFAULT 370442-BT-1 NR /WR Total US Fixed Income - Taxable 23,200,000.000 $15,595,334.00 $16,493,956.00 ($898,622.00) $1,014,000.00 $142,628.80 7.04% 10,000,000.000 32.00 3,200,000.00 3,800,000.00 (600,000.00) 5,000,000.000 90.00 4,500,000.00 4,612,500.00 (112,500.00) 350,000.00 39,860.00 8.97% 5,000,000.000 91.25 EFTA01536340 4,562,500.00 4,725,000.00 (162,500.00) 350,000.00 49,580.00 8.94% 200,000.000 98.92 197,834.00 198,956.00 (1,122.00) 14,000.00 3,188.80 7.27% Price Market Value Tax Cost Adjusted Original Estimated Unrealized Gain/Loss Annual Income Accrued Interest Yield 3,000,000.000 104.50 3,135,000.00 3,157,500.00 (22,500.00) 300,000.00 50,000.00 8.70% Page 9 of 52 EFTA01536341 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Quantity Non-US Fixed Income PETROLEOS DE VENEZUELA S 4.9% OCT 28 2014 DTD 10/28/2009 HELD BY EUROCLEAR ISIN:XS0460546442 SEDOL:85882G7 71668A-9A-1 Price Market Value Tax Cost Adjusted Original Estimated Unrealized Gain/Loss Annual Income Accrued Interest Yield 2,500,000.000 58.00 1,450,000.00 1,754,250.00 (304,250.00) 122,500.00 21,437.50 19.78% Page 10 of 52 EFTA01536342 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Options Summary Asset Categories Foreign Exchange Other Total Value Market Value/Cost Market Value Premium Unrealized Gain/Loss Note: P indicates position adjusted for Pending Trade Activity. Options Detail Quantity Foreign Exchange AUD CALL USD PUT FX EUROPEAN STYLE OPTION SEP 21, 2010 @ .8825 XAUDCA-DY-Z AUD Price Market Value Premium Unrealized Gain/Loss Beginning Market Value 0.00 0.00 $0.00 Ending Market Value (950,878.29) (3,371,845.74) ($4,322,724.03 ) Current Period Value (4,322,724.03) (3,171,500.01) (1,151,223.60) Change In Value (950,878.29) (3,371,845.74) ($4,322,724.03 ) Current Allocation 10,000,000.000 0.88 88,217.12 EFTA01536343 220,337.49 (132,120.37) Page 11 of 52 EFTA01536344 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Quantity Foreign Exchange AUD CALL USD PUT FX EUROPEAN STYLE OPTION SEP 21, 2010 @ .94 XAUDCA-DZ-Z AUD AUD PUT USD CALL FX EUROPEAN STYLE OPTION SEP 21, 2010 @ .86 KI @ 0.83 XAUDPA-FV-Z AUD CAD PUT USD CALL FX EUROPEAN STYLE OPTION JUL 23, 2010 @ 1.05 XCADPA-DM-Z JPY CALL USD PUT FX EUROPEAN STYLE OPTION MAY 11, 2011 @ 93.5 XJPYCA-NE-Z JPY PUT USD CALL FX EUROPEAN STYLE OPTION MAY 11, 2011 @ 93.5 XJPYPA-SQ-Z Total Foreign Exchange (15,250,000.000 ) ($950,878.29) ($52,500.01) ($898,377.86) 935,000,000.000 0.03 247,531.39 470,000.00 (222,469.03) (935,000,000.000 ) 0.08 (776,807.26) (470,000.00) (306,806.42) (5,250,000.000 ) 1.94 (101,805.05) (52,500.00) (49,305.05) (10,000,000.000 ) 3.94 (393,530.57) (185,083.50) (208,447.07) Price EFTA01536345 Market Value Premium Unrealized Gain/Loss (10,000,000.000 ) 0.14 (14,483.92) (35,254.00) 20,770.08 Page 12 of 52 EFTA01536346 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Quantity Other WTI CALL OPTION USD PUT OPTION STRIKE 90.00 EXPIRES 12/15/2010 100,000 BARRELS OTCBDC-GW-X WTI CALL OPTION USD PUT OPTION STRIKE 100.00 EXPIRES 05/17/2011 100,000 BARRELS OTCBDC-GW-Y WTI PUT OPTION USD CALL OPTION STRIKE 65.50 EXPIRES 12/15/2010 100,000 BARRELS OTCBDP-EX-K WTI PUT OPTION USD CALL OPTION STRIKE 63.00 EXPIRES 05/17/2011 100,000 BARRELS OTCBDP-EX-L 1 RECEIVER SWAPTION CALL 10,000,000 INTEREST RATE SWAP STRIKE 4.350% S 30/360 VS 3ML EXP DATE 07/26/2010 DEAL 5164984 Underlying Asset Price = $0.00 OTCBDC-GV-H (1.000) 1.00 (1,157,608.49) (909,000.00) (248,608.49) (10.000) 40,589.91 (405,899.06) (450,000.00) 44,100.94 (10.000) 30,297.17 (302,971.66) (400,000.00) 97,028.34 10.000 34,096.78 EFTA01536347 340,967.79 450,000.00 (109,032.21) 10.000 29,627.55 296,275.45 400,000.00 (103,724.55) Price Market Value Premium Unrealized Gain/Loss Page 13 of 52 EFTA01536348 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Quantity Other 1 RECEIVER SWAPTION CALL 10,000,000 INTEREST RATE SWAP STRIKE 4.25% S 30/360 VS 3ML EXP DATE 08/13/2010 DEAL 5166005 Underlying Asset Price = $0.00 OTCBDC-GW-K 1 RECEIVER SWAPTION CALL 10,000,000 INTEREST RATE SWAP STRIKE 4.35% S 30/360 VS 3ML EXP DATE 07/14/2010 DEAL 5166838 Underlying Asset Price = $0.00 OTCBDC-GX-M P 1 RECEIVER SWAPTION CALL 10,000,000 INTEREST RATE SWAP STRIKE 4.35% S 30/360 VS 3ML EXP DATE 08/31/2010 DEAL 5167546 Underlying Asset Price = $0.00 OTCBDC-GZ-U P 1 RECEIVER SWAPTION CALL 10,000,000 INTEREST RATE SWAP STRIKE 4.35% S 30/360 VS. 3ML EXP DATE 06/30/2010 DEAL 5161946 Underlying Asset Price = $0.00 OTCBDC-TB-B Total Other (4.000) ($3,371,845.74) ($3,119,000.00) ($252,845.74) 1.00 N/A (1.000) (1,103,500.00) 1,103,500.00 (1.000) 1.00 (1,168,058.13) (561,500.00) (606,558.13) (1.000) 1.00 (974,551.64) (545,000.00) (429,551.64) Price Market Value EFTA01536349 Premium Unrealized Gain/Loss Page 14 of 52 EFTA01536350 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Foreign Exchange Contracts Summary NET CURRENCY EXPOSURE SUMMARY Value CANADIAN DOLLAR INDIAN RUPEE NORWEGIAN KRONE SWEDISH KRONA US DOLLAR in Currency 5,215,000.01 457,000,000.00 64,472,500.00 (38,272,000.00) (20,555,386.43) Foreign Exchange Contracts Detail Market Value Receivable Trade Date Speculative CANADIAN DOLLAR CANADIAN DOLLAR CANADIAN DOLLAR CANADIAN DOLLAR JAPANESE YEN JAPANESE YEN US DOLLAR US DOLLAR Apr. 28 10 Aug. 6 10 May. 6 10 Aug. 6 10 May. 6 10 Aug. 6 10 Jun. 23 10 Jul. 26 10 CAD JPY CAD JPY CAD USD CAD USD 5,000,000.00 (464,350,000.00 ) (5,246,892.65) 464,350,000.00 246,892.66 (236,652.69) EFTA01536351 5,215,000.00 (5,000,000.00) 92.870000 88.500000 1.043270 1.043000 83.203125 83.203125 1.062899 1.062823 4,704,115.84 5,250,658.98 5,250,658.98 4,936,398.16 232,282.33 236,652.69 4,906,742.24 5,000,000.00 (546,543.14) 314,260.82 (4,370.36) (93,257.76) Currency Settlement Date Counter Currency Amount Counter Amount Contract Rate Current Market Forward Rate Market Value Payable Unrealized Gain/Loss Page 15 of 52 EFTA01536352 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Market Value Receivable Trade Date Speculative INDIAN RUPEE INDIAN RUPEE INDIAN RUPEE NORWEGIAN KRONE NORWEGIAN KRONE Total Speculative US DOLLAR US DOLLAR US DOLLAR SWEDISH KRONA US DOLLAR Apr. 16 10 Oct. 20 10 Jun. 21 10 Jul. 23 10 May. 6 10 Oct. 20 10 Jun. 25 10 Jul. 29 10 Jun. 25 10 Jul. 29 10 INR USD INR USD INR USD NOK SEK NOK USD 446,500,000.00 (10,000,000.00) 457,000,000.00 (10,000,000.00) (446,500,000.00 ) 9,681,266.26 32,000,000.00 (38,272,000.00) 32,472,500.00 (5,000,000.00) 44.650000 45.700000 46.120000 1.196000 EFTA01536353 6.494500 47.024912 46.584866 47.024912 1.194835 6.513189 9,494,967.16 10,000,000.00 9,810,052.94 10,000,000.00 9,681,266.26 9,494,967.16 4,913,108.16 4,917,899.95 4,985,653.27 5,000,000.00 $53,978,847.18 $54,836,576.94 (505,032.84) (189,947.06) 186,299.10 (4,791.79) (14,346.73) ($857,729.76) Currency Settlement Date Counter Currency Amount Counter Amount Contract Rate Current Market Forward Rate Market Value Payable Unrealized Gain/Loss Page 16 of 52 EFTA01536354 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Other Assets Summary Asset Categories Swaps Beginning Estimated Value 0.00 Ending Estimated Value (6,731,159.99) Change In Value (6,731,159.99) Current Allocation Market Value/Cost Estimated Value (6,731,159.99) Current Period Value Other Assets Detail Cost Quantity Swaps CLP SWAP - CLP NOTL 13,000,000,000 MD 3/21/12 TD 3/17/10, START D 3/21/11 PAY FLOAT CLP OIS ANN ACT/360 4.15% REC FIX, DEAL #253571031 N/O Client SWPBDA-ZQ-8 1.000 1.00 (48,084.73) N/A Price Estimated Value Adjusted Original Estimated Gain/Loss Accruals Page 17 of 52 EFTA01536355 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Cost Quantity Swaps CLP SWAP - CLP NOTL 13,000,000,000 MD 3/29/12 TD 3/25/10, START D 3/29/11 PAY FLOAT CLP OIS ANN ACT/360 4.15% REC FIX, DEAL #254489072 N/O Client SWPBDE-JB-1 LONG TOTAL RETURN SWAP 4,775,970.00 USD NOTIONAL GOLDMAN SACHS GRP INC MAT APR 29 2011 DEAL 5508960 N/O Client SWPBDE-TJ-3 LONG TOTAL RETURN SWAP 3,208,420 USD NOTIONAL GOLDMAN SACHS GRP INC MAT APRIL 28 2011 DEAL 5499085 N/O Client SWPBDE-WG-5 SX5E DIVIDEND SWAP FIXED STRIKE EUR 112.10 NUMBER OF BASKET 89,206 MAT DEC 16 2011 DEAL 4444220 N/O Client SWPBDE-PR-9 EUR 89,206.000 19.34 (1,724,907.83) N/A 20,000.000 29.39 (587,792.03) N/A 30,000.000 28.15 (844,533.99) N/A 1.000 1.00 (54,941.54) N/A Price Estimated Value Adjusted Original EFTA01536356 Estimated Gain/Loss Accruals Page 18 of 52 EFTA01536357 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Cost Quantity Swaps SXSE DIVIDEND SWAP FIXED STRIKE EUR 113.30 NUMBER OF BASKET 88,261 MAT DEC 21 2012 DEAL 4444219 N/O Client SWPBDE-PS-7 EUR SXSE DIVIDEND SWAP FIXED STRIKE EUR 100.00 NUMBER OF BASKET 50,000 MAT DEC 21 2012 DEAL 4458593 N/O Client SWPBDE-WW-0 EUR Total Swaps ($6,731,159.99) $0.00 $0.00 50,000.000 15.03 (751,678.75) N/A 88,261.000 30.81 (2,719,221.12) N/A Price Estimated Value Adjusted Original Estimated Gain/Loss Accruals Page 19 of 52 EFTA01536358 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Portfolio Activity Summary - U S Dollar Beginning Cash Balance Current Transactions Income INFLOWS Contributions Foreign Exchange - Inflows Total Inflows OUTFLOWS Withdrawals Foreign Exchange - Outflows Total Outflows TRADE ACTIVITY Settled Sales/Maturities/Redemptions Settled Securities Purchased Total Trade Activity Ending Cash Balance 161,764.62 (2,392,050.00) ($2,230,285.38) $28,025,734.29 * Year to date information is calculated on a calendar year basis. 19,261,116.25 (65,677,489.25) ($46,416,373.00) -120,089.27 17,500.00 10,608,898.42 $10,746,487.69 (137,006.00) (10,376,873.92) ($10,513,879.92) 76,931.31 76,050,715.67 11,151,081.19 $87,278,728.17 (1,596,448.44) (11,240,172.44) ($12,836,620.88) Period Value 30,023,411.90 Year-To-Date Value* -Page 20 of 52 EFTA01536359 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Portfolio Activity Detail - U S Dollar INFLOWS & OUTFLOWS Settlement Date 6/1 Type Interest Income Description DEPOSIT SWEEP INTEREST FOR MAY @ .03% RATE ON NET AVG COLLECTED BALANCE OF $26,295,629.06 AS OF 06/01/10 6/7 Spot FX SPOT CURRENCY TRANSACTION - SELL BUY USD SELL EUR EXCHANGE RATE 1.224200000 DEAL 06/03/10 VALUE 06/07/10 6/8 6/10 6/15 6/25 Domestic Dividend/Distribution Corporate Interest Corporate Interest Forward FX Contract MACERICH CO CIT GROUP INC 22,000.000 REIT PAYMENT@ 0.50 PER SHARE 5,000,000.000 7% MAY 01 2017 DTD 11/04/2009 FORD MOTOR CREDIT CO LLC FLOATING RATE NOTE JUN 15 2011 DTD 03/15/2007 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.819017000 TRADE 5/20/10 VALUE 6/25/10 6/25 Forward FX Contract SETTLE FORWARD CURRENCY CONTRACT BUY CHF SELL USD CONTRACT RATE : 1.128396000 TRADE 6/15/10 VALUE 6/25/10 11,270,000.000 10,278,626.75 (9,987,628.34) EFTA01536360 (277,330.960) (239,724.84) 227,139.00 5,000,000.000 0.014 70,367.61 0.018 87,500.00 0.50 11,000.00 (197,000.000) (240,428.63) 241,167.40 Quantity Cost Per Unit Amount Amount 670.01 Page 21 of 52 EFTA01536361 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 INFLOWS & OUTFLOWS Settlement Date 6/25 Type Forward FX Contract Description SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL CHF CONTRACT RATE : 1.111374900 TRADE 6/17/10 VALUE 6/25/10 6/25 Misc. Disbursement TRANSFERRED BY WIRE TO J.P. MORGAN CLEARING CORP. FAO FINANCIAL TRUST COMPANY AS REQUESTED 6/29 Misc. Receipt LONG TOTAL RETURN SWAP 3,208,420 USD NOTIONAL GOLDMAN SACHS GRP INC MAT APRIL 28 2011 DEAL 5499085 EQUITY SWAP PAYMENT 6/29 Misc. Receipt LONG TOTAL RETURN SWAP 4,775,970.00 USD NOTIONAL GOLDMAN SACHS GRP INC MAT APR 29 2011 DEAL 5508960 EQUITY SWAP PAYMENT 6/30 Forward FX Contract SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL USD CONTRACT RATE : 1.494890000 TRADE 5/06/10 VALUE 6/30/10 6/30 Accrued Interest Paid FELCOR LODGING LP 10% OCT 01 2014 DTD 10/01/2009 2,000,000.000 0.025 (49,444.44) 260,384.100 389,560.65 (389,245.58) 10,500.00 EFTA01536362 7,000.00 (137,006.00) Quantity Cost Per Unit Amount (11,270,000.000 ) (10,278,626.75) Amount 10,140,592.02 Page 22 of 52 EFTA01536363 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 INFLOWS & OUTFLOWS Settlement Date 6/30 Type Interest Income Description TO ADJUST INTEREST PREVIOUSLY PAID ON CASH BALANCES BASED ON THE FOLLOWING TRANSACTION ACTIVITY ORIGINAL ADJUSTED TRANSACTION TRAN DATE VALUE DATE AMOUNT 6/15/10 5/26/10 Total Inflows & Outflows TRADE ACTIVITY Note: Trade Date 5/28 Settlement Date 6/2 88,000.00 6/16/10 5/26/10 882,000.00D AS OF 06/01/10 $232,607.77 Quantity Cost Per Unit Amount Amount (3.91) S indicates Short Term Realized Gain/Loss C indicates Currency Gain/Loss * Settled transaction was initiated in prior statement period and settled in current statement period Type Settled Sales/Maturities/Redemptions Option Buyback Description 1 RECEIVER SWAPTION CALL 10,000,000 INTEREST RATE SWAP STRIKE 4.25% S 30/360 VS 3ML EXP DATE 05/28/2010 DEAL 5163369 BUY BACK OTC CALL SWAPTION UNWIND - REF #5163369 EFTA01536364 TRADE DATE 05/28/10 Quantity 1.000 Per Unit Amount 380,000.00 Proceeds (380,000.00) Tax Cost 113,000.00 Realized Gain/Loss (267,000.00) S* Page 23 of 52 EFTA01536365 FINANCIAL TRUST COMPANY INC ACCT. • For the Period 6/1/10 to 6/30/10 Trade Date 6/3 Settlement Date 6/7 Type Settled Sales/Maturities/Redemptions Sell Option Description EUR PUT USD CALL FX EUROPEAN STYLE OPTION MAY 13, 2011 @ 1.245 RESALE OF PURCHASED FX OPTION TRADE DATE 06/03/10 6/3 6/7 Option Buyback EUR CALL USD PUT FX EUROPEAN STYLE OPTION MAY 13, 2011 @ 1.245 KI @ 1.38 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 06/03/10 6/3 6/7 Option Buyback EUR CALL USD PUT FX EUROPEAN STYLE OPTION MAY 13, 2011 @ 1.4425 KI @ 1.63 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 06/03/10 6/3 6/7 Sell Option GBP PUT USD CALL FX EUROPEAN STYLE OPTION MAY 13, 2011 @ 1.4425 RESALE OF PURCHASED FX OPTION TRADE DATE 06/03/10 6/3 6/8 Sale MF GLOBAL HOLDINGS LTD @ 7.47275 BROKERAGE TAX &/OR SEC (12,000.000) EFTA01536366 89,673.00 600.00 1.52 J.P. MORGAN SECURITIES INC. TRADE DATE 06/03/10 7.423 89,071.48 (85,200.00) 3,871.48 S (6,932,409.000 ) 0.069 480,000.00 (495,000.00) (15,000.00) C 6,932,409.000 0.076 (529,250.00) 495,000.00 (34,250.00) C 8,032,128.510 0.055 (442,750.00) 495,000.00 52,250.00 C Quantity (8,032,128.510 ) Per Unit Amount 0.077 Proceeds 619,000.00 Tax Cost (495,000.00) Realized Gain/Loss 124,000.00 C Page 24 of 52 EFTA01536367 FINANCIAL TRUST COMPANY INC ACCT. • For the Period 6/1/10 to 6/30/10 Trade Date 6/3 Settlement Date 6/8 Type Settled Sales/Maturities/Redemptions Sale Description NUSTAR ENERGY LP @ 56.45 BROKERAGE TAX &/OR SEC 6/4 6/9 Sale Quantity (3,850.000) 217,332.50 192.50 3.68 J.P. MORGAN SECURITIES INC. TRADE DATE 06/03/10 NU SKIN ENTERPRISES INC CL A @ 27.10 BROKERAGE TAX &/OR SEC 6/4 6/9 Sale NUSTAR ENERGY LP @ 56.10 BROKERAGE TAX &/OR SEC 5/24 6/15 Option Buyback 54,200.00 100.00 .92 J.P. MORGAN SECURITIES INC. TRADE DATE 06/04/10 (400.000) 22,440.00 20.00 .38 J.P. MORGAN SECURITIES INC. EFTA01536368 TRADE DATE 06/04/10 TO REVERSE ENTRY OF 05/26/2010 1 RECEIVER SWAPTION CALL 10,000,000 INTEREST RATE SWAP STRIKE 4.35% S 30/360 VS 3ML EXP DATE 05/24/2010 DEAL 5163005 BUY BACK OTC CALL SWAP UNWIND - REF # 5163005 TRADE DATE 05/24/10 AS OF 05/26/10 (1.000) 88,000.00 88,000.00 (80,000.00) 8,000.00 S* 56.049 22,419.62 (22,620.00) (200.38) S (2,000.000) 27.05 54,099.08 (54,000.00) 99.08 S Per Unit Amount 56.399 Proceeds 217,136.32 Tax Cost (217,717.50) Realized Gain/Loss (581.18) S Page 25 of 52 EFTA01536369 FINANCIAL TRUST COMPANY INC ACCT. • For the Period 6/1/10 to 6/30/10 Trade Date 6/10 Settlement Date 6/15 Type Settled Sales/Maturities/Redemptions Sale Description CENTERPOINT ENERGY INC @ 13.06777 BROKERAGE TAX &/OR SEC 6/14 6/16 Option Buyback Quantity (4,500.000) 58,804.97 225.00 1.00 J.P. MORGAN SECURITIES INC. TRADE DATE 06/10/10 1 RECEIVER SWAPTION CALL 10,000,000 INTEREST RATE SWAP STRIKE 4.35% S 30/360 VS 3ML EXP DATE 06/14/2010 DEAL 5162475 BUY BACK OTC CALL SWAPTION UNWIND - REF #5162475 TRADE DATE 06/14/10 5/24 6/16 Option Buyback 1 RECEIVER SWAPTION CALL 10,000,000 INTEREST RATE SWAP STRIKE 4.35% S 30/360 VS 3ML EXP DATE 05/24/2010 DEAL 5163005 BUY BACK OTC CALL SWAPTION UNWIND - REF #5163005 TRADE DATE 05/24/10 AS OF 05/26/10 6/15 6/18 Sale LINCOLN NATIONAL CORP @ 27.72657 BROKERAGE TAX &/OR SEC EFTA01536370 6/18 6/18 Expired Option XAU PUT OPTION USD CALL OPTION STRIKE 1,115.00 EXPIRES 6/17/2010 KI @ 1,085 EXPIRATION OF WRITTEN OTC PUT Page 26 of 52 (3,500.000) 97,043.00 175.00 1.65 J.P. MORGAN SECURITIES INC. TRADE DATE 06/15/10 5,000.000 85,000.00 85,000.00 S 27.676 96,866.35 (95,375.00) 1,491.35 S 1.000 882,000.00 (882,000.00) 80,000.00 (802,000.00) S* 1.000 521,500.00 (521,500.00) 125,000.00 (396,500.00) S Per Unit Amount 13.018 Proceeds 58,578.97 Tax Cost (58,050.00) Realized Gain/Loss 528.97 S EFTA01536371 FINANCIAL TRUST COMPANY INC ACCT. • For the Period 6/1/10 to 6/30/10 Trade Date 6/17 Settlement Date 6/22 Type Settled Sales/Maturities/Redemptions Sale Description FELCOR LODGING TRUST INC @ 5.66 56,600.00 BROKERAGE TAX &/OR SEC 6/17 6/22 Sale 500.00 .96 J.P. MORGAN SECURITIES INC. TRADE DATE 06/17/10 POLO RALPH LAUREN CORP @ 80.9008 809,008.00 BROKERAGE TAX &/OR SEC 6/18 6/23 Sale 500.00 13.68 J.P. MORGAN SECURITIES INC. TRADE DATE 06/17/10 GENERAL MARITIME CORPORATION @ 6.96 31,320.00 BROKERAGE TAX &/OR SEC 6/18 6/23 Sale MOTRICITY INC @ 9.71 BROKERAGE TAX &/OR SEC 6/21 6/24 Sale EFTA01536372 225.00 .53 J.P. MORGAN SECURITIES INC. TRADE DATE 06/18/10 (2,000.000) 19,420.00 100.00 .33 J.P. MORGAN SECURITIES INC. TRADE DATE 06/18/10 CENTERPOINT ENERGY INC @ 13.93 62,685.00 BROKERAGE TAX &/OR SEC 225.00 1.06 J.P. MORGAN SECURITIES INC. TRADE DATE 06/21/10 (4,500.000) 13.88 62,458.94 (58,050.00) 4,408.94 S 9.66 19,319.67 (20,000.00) (680.33) S (4,500.000) 6.91 31,094.47 (30,375.00) 719.47 S (10,000.000) 80.849 808,494.32 (810,000.00) (1,505.68) S Quantity (10,000.000) Per Unit Amount 5.61 Proceeds 56,099.04 Tax Cost (55,000.00) Realized Gain/Loss 1,099.04 S Page 27 of 52 EFTA01536373 EFTA01536374 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Trade Date 6/21 Settlement Date 6/24 Type Settled Sales/Maturities/Redemptions Sale Description METALS USA HOLDINGS CORP @ 15.5425 31,085.00 BROKERAGE TAX &/OR SEC 6/23 6/28 Sale PPL CORP @ 24.536 BROKERAGE TAX &/OR SEC Total Settled Sales/Maturities/Redemptions 100.00 .53 J.P. MORGAN SECURITIES INC. TRADE DATE 06/21/10 (7,500.000) 184,020.00 375.00 3.11 J.P. MORGAN SECURITIES INC. TRADE DATE 06/23/10 $161,764.62 ($1,405,387.50) ($1,370,622.88) S $127,000.00 C Trade Date Settlement Date 6/2 Type Settled Securities Purchased 5/28 Write Option Description 1 RECEIVER SWAPTION CALL 10,000,000 INTEREST RATE SWAP EFTA01536375 STRIKE 4.25% S 30/360 VS 3ML EXP DATE 08/13/2010 DEAL 5166005 WRITTEN OTC CALL NEW SWAPTION DEAL #5166005 TRADE DATE 05/28/10 6/3 6/8 Purchase MF GLOBAL HOLDINGS LTD @ 7.10 J.P. MORGAN SECURITIES INC. TRADE DATE 06/03/10 Page 28 of 52 12,000.000 7.10 (85,200.00) Quantity Per Unit Amount (1.000) 545,000.00 24.486 183,641.89 (180,000.00) 3,641.89 S Quantity (2,000.000) Per Unit Amount 15.492 Proceeds 30,984.47 Tax Cost (42,000.00) Realized Gain/Loss (11,015.53) S Market Cost 545,000.00 * EFTA01536376 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Trade Date Settlement Date 6/9 Type Settled Securities Purchased 6/3 Purchase Description NU SKIN ENTERPRISES INC CL A @ 27.00 J.P. MORGAN SECURITIES INC. TRADE DATE 06/03/10 6/8 6/10 Purchase Option WTI CALL OPTION USD PUT OPTION STRIKE 90.00 EXPIRES 12/15/2010 100,000 BARRELS PURCHASE OTC CALL TRADE DATE 06/08/10 6/8 6/10 Write Option WTI PUT OPTION USD CALL OPTION STRIKE 65.50 EXPIRES 12/15/2010 100,000 BARRELS WRITTEN OTC PUT TRADE DATE 06/08/10 6/8 6/10 Purchase Option WTI CALL OPTION USD PUT OPTION STRIKE 100.00 EXPIRES 05/17/2011 100,000 BARRELS PURCHASE OTC CALL TRADE DATE 06/08/10 10.000 45,000.00 (450,000.00) (10.000) EFTA01536377 40,000.00 400,000.00 10.000 40,000.00 (400,000.00) Quantity 2,000.000 Per Unit Amount 27.00 Market Cost (54,000.00) Page 29 of 52 EFTA01536378 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Trade Date Settlement Date 6/10 Type Settled Securities Purchased 6/8 Write Option Description WTI PUT OPTION USD CALL OPTION STRIKE 63.00 EXPIRES 05/17/2011 100,000 BARRELS WRITTEN OTC PUT TRADE DATE 06/08/10 6/9 6/15 Purchase CENTERPOINT ENERGY INC @ 12.90 J.P. MORGAN SECURITIES INC. TRADE DATE 06/09/10 6/14 6/16 Write Option 1 RECEIVER SWAPTION CALL 10,000,000 INTEREST RATE SWAP STRIKE 4.35% S 30/360 VS 3ML EXP DATE 07/14/2010 DEAL 5166838 WRITTEN OTC CALL NEW SWAPTION DEAL #5166838 TRADE DATE 06/14/10 6/14 6/18 Purchase LINCOLN NATIONAL CORP @ 27.25 J.P. MORGAN SECURITIES INC. TRADE DATE 06/14/10 6/15 6/21 Purchase POLO RALPH LAUREN CORP @ 81.00 J.P. MORGAN SECURITIES INC. TRADE DATE 06/15/10 6/16 EFTA01536379 6/22 Purchase FELCOR LODGING TRUST INC @ 5.50 J.P. MORGAN SECURITIES INC. TRADE DATE 06/16/10 10,000.000 5.50 (55,000.00) 10,000.000 81.00 (810,000.00) 3,500.000 27.25 (95,375.00) (1.000) 561,500.00 561,500.00 9,000.000 12.90 (116,100.00) Quantity (10.000) Per Unit Amount 45,000.00 Market Cost 450,000.00 Page 30 of 52 EFTA01536380 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Trade Date Settlement Date 6/23 Type Settled Securities Purchased 6/18 Purchase Description GENERAL MARITIME CORPORATION @ 6.75 J.P. MORGAN SECURITIES INC. TRADE DATE 06/18/10 6/17 6/23 Purchase MOTRICITY INC @ 10.00 J.P. MORGAN SECURITIES INC. TRADE DATE 06/17/10 6/23 6/24 Write Option CAD PUT USD CALL FX EUROPEAN STYLE OPTION JUL 23, 2010 @ 1.05 WRITTEN FX OPTION PUT 5,250,000.00 CAD CALL 5,000,000.00 USD TRADE DATE 06/23/10 6/22 6/28 Purchase PPL CORP @ 24.00 J.P. MORGAN SECURITIES INC. TRADE DATE 06/22/10 6/25 6/30 Purchase FELCOR LODGING LP 10% OCT 01 2014 DTD 10/01/2009 @ 105.25 JP MORGAN SECURITIES INC (BIDL) TRADE DATE 06/25/10 Total Settled Securities Purchased ($2,392,050.00) EFTA01536381 2,000,000.000 105.30 (2,105,000.00) 7,500.000 24.00 (180,000.00) (5,250,000.000 ) 0.01 52,500.00 2,000.000 10.00 (20,000.00) Quantity 4,500.000 Per Unit Amount 6.75 Market Cost (30,375.00) Page 31 of 52 EFTA01536382 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Trade Date 6/30 Estimated Settlement Date 7/2 Type Pending Sales, Maturities, Redemptions Option Buyback Description 1 RECEIVER SWAPTION CALL 10,000,000 INTEREST RATE SWAP STRIKE 4.35% S 30/360 VS. 3ML EXP DATE 06/30/2010 DEAL 5161946 Quantity 1.000 Per Unit Amount Proceeds (1,140,500 00) Tax Cost 136,000.00 Realized Gain/Loss (1,004,500.00) S Trade Date Estimated Settlement Date 7/1 7/2 Type Description Pending Securities Purchased 6/28 6/30 Purchase Write Option FELCOR LODGING LP 10% OCT 01 2014 DTD 10/01/2009 1 RECEIVER SWAPTION CALL 10,000,000 INTEREST RATE SWAP STRIKE 4.35% S 30/360 VS 3ML EXP DATE 08/31/2010 DEAL 5167546 Total Pending Securities Purchased $51,000.00 EFTA01536383 (1.000) 1,103,500.00 Quantity 1,000,000.000 Per Unit Amount 105.25 Market Cost (1,052,500.00) Page 32 of 52 EFTA01536384 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Portfolio Activity Summary - Australia Dollar Beginning Cash Balance US Dollar Value Current Transactions INFLOWS Total Inflows Foreign Exchange - Inflows OUTFLOWS Total Outflows Period Value -4,930,412.05 $4,930,412.05 Foreign Exchange - Outflows TRADE ACTIVITY Total Trade Activity (4,930,412.06) ($4,930,412.06) Settled Securities Purchased Ending Cash Balance * Year to date information is calculated on a calendar year basis. 0.01 $0.01 -Year-To-Date Value* -4,930,412.05 $4,930,412.05 (4,930,412.06) ($4,930,412.06) 0.01 $0.01 -0.00 (0.01) 0.00 -Local Value Current Period Value 0.00 5,703,855.80 5,703,855.80 (5,703,855.81) (5,703,855.81) Year-To-Date Value* -5,703,855.80 5,703,855.80 (5,703,855.81) EFTA01536385 (5,703,855.81) Page 33 of 52 EFTA01536386 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Portfolio Activity Detail - Australia Dollar INFLOWS & OUTFLOWS Settlement Date 6/25 Type Forward FX Contract Description SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL CAD CONTRACT RATE : 0.876600000 TRADE 5/20/10 VALUE 6/25/10 6/25 Forward FX Contract SETTLE FORWARD CURRENCY CONTRACT BUY CAD SELL AUD CONTRACT RATE : 0.921400000 TRADE 4/28/10 VALUE 6/25/10 6/25 Forward FX Contract SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.819017000 TRADE 5/20/10 VALUE 6/25/10 Total Inflows & Outflows ($0.01) $497,081.95 227,139.000 (239,724.84) (277,330.96) (12,585.84) 5,000,000.000 (4,690,687.22) (5,426,524.85) 252,710.63 Quantity (5,000,000.000 ) Per Unit Amount USD Local Value Amount USD Local Value 4,930,412.05 5,703,855.80 Currency Gain/Loss USD 256,957.16 Page 34 of 52 EFTA01536387 EFTA01536388 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 TRADE ACTIVITY - Australia Dollar Per Unit Trade Date Settlement Date 6/23 Type Settled Securities Purchased 6/21 Purchase Option Description AUD CALL USD PUT FX EUROPEAN STYLE OPTION SEP 21, 2010 @ .8825 PURCHASED FX OPTION CALL 10,000,000.00 AUD PUT 8,825,000.00 USD TRADE DATE 06/21/10 6/21 6/23 Write Option AUD CALL USD PUT FX EUROPEAN STYLE OPTION SEP 21, 2010 @ .94 WRITTEN FX OPTION CALL 10,000,000.00 AUD PUT 9,400,000.00 USD TRADE DATE 06/21/10 6/21 6/23 Write Option AUD PUT USD CALL FX EUROPEAN STYLE OPTION SEP 21, 2010 @ .86 KI @ 0.83 WRITTEN FX OPTION PUT 10,000,000.00 AUD CALL 8,600,000.00 USD TRADE DATE 06/21/10 Total Settled Securities Purchased (USD) $0.01 ($0.01) (10,000,000.000 ) 0.019 2.10 185,083.50 210,000.00 (10,000,000.000 ) EFTA01536389 0.004 0.40 35,254.00 40,000.00 Quantity 10,000,000 000 Amount USD Local Value 0.022 2.50 Market Cost USD Local Value (220,337.49) (250,000.00) Currency Gain/Loss USD (0.01) Page 35 of 52 EFTA01536390 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Portfolio Activity Summary - Canadian Dollar Beginning Cash Balance US Dollar Value Current Transactions INFLOWS Total Inflows Foreign Exchange - Inflows OUTFLOWS Total Outflows Period Value -4,803,073.96 $4,803,073.96 Foreign Exchange - Outflows Ending Cash Balance * Year to date information is calculated on a calendar year basis. Portfolio Activity Detail - Canadian Dollar INFLOWS & OUTFLOWS Settlement Date 6/25 Type Forward FX Contract Description SETTLE FORWARD CURRENCY CONTRACT BUY CAD SELL AUD CONTRACT RATE : 0.921400000 TRADE 4/28/10 VALUE 6/25/10 Quantity (5,426,524.850 ) (4,803,073.96) ($4,803,073.96) -Year-To-Date Value* -14,337,121.14 $14,337,121.14 (14,337,121.14) ($14,337,121.14) -Local Value Current Period Value 0.00 5,000,000.00 5,000,000.00 (5,000,000.00) (5,000,000.00) 0.00 EFTA01536391 Year-To-Date Value* -15,200,000.00 15,200,000.00 (15,200,000.00) (15,200,000.00) -Per Unit Amount USD Local Value Amount USD Local Value 4,803,073.96 5,000,000.00 Currency Gain/Loss USD (140,323.89) Page 36 of 52 EFTA01536392 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 INFLOWS & OUTFLOWS Per Unit Settlement Date 6/25 Type Forward FX Contract Description SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL CAD CONTRACT RATE : 0.876600000 TRADE 5/20/10 VALUE 6/25/10 Total Inflows & Outflows $0.00 ($269,942.96) Quantity 5,703,855.800 Amount USD Local Value Amount USD Local Value (4,803,073.96) (5,000,000.00) Currency Gain/Loss USD (129,619.07) Page 37 of 52 EFTA01536393 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Portfolio Activity Summary - Euro Beginning Cash Balance Current Transactions INFLOWS Total Inflows Foreign Exchange - Inflows $0.00 OUTFLOWS Total Outflows Foreign Exchange - Outflows TRADE ACTIVITY Settled Sales/Maturities/Redemptions Settled Securities Purchased Total Trade Activity Ending Cash Balance * Year to date information is calculated on a calendar year basis. 240,428.63 $240,428.63 -(452,556.86) 16,724.50 ($435,832.36) -197,000.00 197,000.00 0.00 (348,250.00) 13,000.00 (335,250.00) -(241,167.40) ($241,167.40) Period Value -US Dollar Value Local Value Year-To-Date Value* -692,303.92 $692,303.92 (257,836.00) ($257,836.00) Current Period Value 0.00 Year-To-Date Value* -0.00 (197,000.00) EFTA01536394 (197,000.00) 545,250.00 545,250.00 (210,000.00) (210,000.00) Page 38 of 52 EFTA01536395 FINANCIAL TRUST COMPANY INC ACCT. • For the Period 6/1/10 to 6/30/10 Portfolio Activity Detail - Euro INFLOWS & OUTFLOWS Settlement Date 6/7 Type Spot FX Description SPOT CURRENCY TRANSACTION - SELL BUY USD SELL EUR EXCHANGE RATE 1.224200000 DEAL 06/03/10 VALUE 06/07/10 Quantity 241,167.400 Per Unit Amount USD Local Value Amount USD Local Value (241,167.40) (197,000.00) Currency Gain/Loss USD 738.77 TRADE ACTIVITY Euro Note: Trade Date 6/3 Settlement Date 6/7 C indicates Currency Gain/Loss Per Unit Type Settled Sales/Maturities/Redemptions Option Buyback Description EUR CALL USD PUT FX EUROPEAN STYLE OPTION JUL 15, 2010 @ 1.32 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 06/03/10 6/3 6/7 Sell Option EUR PUT USD CALL FX EUROPEAN STYLE OPTION JUL 15, 2010 @ 1.28 EFTA01536396 RESALE OF PURCHASED FX OPTION TRADE DATE 06/03/10 (10,000,000.000 ) 0.06 598,020.45 490,000.00 (276,597.42) (215,000.00) 321,423.03 C Quantity 10,000,000.000 Amount USD Local Value 0.002 Proceeds USD Local Value (24,409.00) (20,000.00) Tax Cost USD Realized Local Value Gain/Loss USD 158,239.46 123,000.00 133,830.46 C Page 39 of 52 EFTA01536397 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Per Unit Trade Date 6/3 Settlement Date 6/7 Type Settled Sales/Maturities/Redemptions Option Buyback Description EUR PUT USD CALL FX EUROPEAN STYLE OPTION JUL 15, 2010 @ 1.24 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 06/03/10 Total Settled Sales/Maturities/Redemptions (USD) Per Unit Trade Date 6/3 Settlement Date 6/7 Type Settled Securities Purchased Sale Description EUR CALL USD PUT FX EUROPEAN STYLE OPTION JUL 15, 2010 @ 1.32 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 06/03/10 6/3 6/7 Sale EUR PUT USD CALL FX EUROPEAN STYLE OPTION JUL 15, 2010 @ 1.24 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 06/03/10 Total Settled Securities Purchased (USD) $0.00 $0.00 (273,000.000) Quantity (20,000.000) Amount USD Local Value EFTA01536398 $240,428.63 Market Cost USD Local Value Currency Gain/Loss USD $16,724.50 $257,153.13 C Quantity 10,000,000.000 Amount USD Local Value 0.033 Proceeds USD Local Value (333,182.82) (273,000.00) Tax Cost USD Realized Local Value Gain/Loss USD 135,082.46 105,000.00 (198,100.36) C Page 40 of 52 EFTA01536399 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Portfolio Activity Summary - Japanese Yen Beginning Cash Balance US Dollar Value Current Transactions INFLOWS Total Inflows Foreign Exchange - Inflows $0.00 OUTFLOWS Total Outflows Foreign Exchange - Outflows $0.00 Ending Cash Balance * Year to date information is calculated on a calendar year basis. Portfolio Activity Detail - Japanese Yen COST ADJUSTMENTS - Japanese Yen Settlement Date 6/7 6/11 6/17 Type Cost Basis Adjustment Cost Basis Adjustment Cost Basis Adjustment Description COST BASIS ADJUSTMENT COST BASIS ADJUSTMENT COST BASIS ADJUSTMENT JAPANESE YEN (0.020) JAPANESE YEN (0.020) JAPANESE YEN Quantity (0.020) -Period Value -Year-To-Date Value* -20,841,850.77 $20,841,850.77 (20,841,850.77) ($20,841,850.77) -Local Value Current Period Value EFTA01536400 0.00 Year-To-Date Value* -0.00 1,868,168,998.48 1,868,168,998.48 0.00 0.00 (1,868,168,998.48 (1,868,168,998.48 ) -Cost Basis Adjustments USD Local Value Page 41 of 52 EFTA01536401 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 COST ADJUSTMENTS - Japanese Yen Cost Basis Settlement Date 6/22 Type Cost Basis Adjustment Total Cost Adjustments (USD) Description COST BASIS ADJUSTMENT JAPANESE YEN Quantity (0.020) Adjustments USD Local Value $0.00 Page 42 of 52 EFTA01536402 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Portfolio Activity Summary - Norwegian Krone Beginning Cash Balance US Dollar Value Current Transactions INFLOWS Total Inflows Foreign Exchange - Inflows OUTFLOWS Total Outflows Period Value -19,527,213.78 $19,527,213.78 Foreign Exchange - Outflows Ending Cash Balance * Year to date information is calculated on a calendar year basis. Portfolio Activity Detail - Norwegian Krone INFLOWS & OUTFLOWS Settlement Date 6/30 Type Forward FX Contract Description SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL GBP CONTRACT RATE : 9.014200000 TRADE 3/26/10 VALUE 6/30/10 6/30 Forward FX Contract SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL GBP CONTRACT RATE : 9.127000000 TRADE 4/06/10 VALUE 6/30/10 Page 43 of 52 (7,000,000.000 ) 9,824,315.93 63,889,000.00 (854,819.86) Quantity (7,000,000.000 ) (19,527,213.78) ($19,527,213.78) -Year-To-Date Value* -19,527,213.78 $19,527,213.78 (19,527,213.78) EFTA01536403 ($19,527,213.78) -Local Value Current Period Value 0.00 126,988,400.00 126,988,400.00 (126,988,400.00) (126,988,400.00) 0.00 Year-To-Date Value* -126,988,400.00 126,988,400.00 (126,988,400.00) (126,988,400.00) -Per Unit Amount USD Local Value Amount USD Local Value 9,702,897.85 63,099,400.00 Currency Gain/Loss USD (744,887.16) EFTA01536404 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 INFLOWS & OUTFLOWS Per Unit Settlement Date 6/30 Type Forward FX Contract Description SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL NOK CONTRACT RATE : 9.242500000 TRADE 5/06/10 VALUE 6/30/10 Total Inflows & Outflows $0.00 ($556,647.02) Quantity 13,739,615.900 Amount USD Local Value Amount USD Local Value (19,527,213.78) (126,988,400.00) Currency Gain/Loss USD 1,043,060.00 Page 44 of 52 EFTA01536405 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Portfolio Activity Summary - Pound Sterling Beginning Cash Balance US Dollar Value Current Transactions INFLOWS Total Inflows Foreign Exchange - Inflows OUTFLOWS Total Outflows Period Value -20,945,400.25 $20,945,400.25 Foreign Exchange - Outflows TRADE ACTIVITY Settled Sales/Maturities/Redemptions Settled Securities Purchased Total Trade Activity Ending Cash Balance * Year to date information is calculated on a calendar year basis. $0.00 -(171,872.89) 163,465.02 ($8,407.87) -0.00 0.00 (114,800.00) 105,700.00 (9,100.00) -(20,945,400.25) ($20,945,400.25) Year-To-Date Value* -21,116,394.85 $21,116,394.85 (21,108,548.20) ($21,108,548.20) Local Value Current Period Value 0.00 14,000,000.00 14,000,000.00 (14,000,000.00) (14,000,000.00) Year-To-Date Value* EFTA01536406 -14,114,800.00 14,114,800.00 (14,105,700.00) (14,105,700.00) Page 45 of 52 EFTA01536407 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Portfolio Activity Detail - Pound Sterling INFLOWS & OUTFLOWS Settlement Date 6/30 Type Forward FX Contract Description SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL GBP CONTRACT RATE : 9.014200000 TRADE 3/26/10 VALUE 6/30/10 6/30 Forward FX Contract SETTLE FORWARD CURRENCY CONTRACT BUY NOK SELL GBP CONTRACT RATE : 9.127000000 TRADE 4/06/10 VALUE 6/30/10 6/30 Forward FX Contract SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL USD CONTRACT RATE : 1.494890000 TRADE 5/06/10 VALUE 6/30/10 6/30 Forward FX Contract SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL NOK CONTRACT RATE : 9.242500000 TRADE 5/06/10 VALUE 6/30/10 Total Inflows & Outflows $0.00 $167,401.44 (126,988,400.000 ) 20,555,839.60 13,739,615.90 (14,434.18) (389,245.580) 389,560.65 260,384.10 315.07 63,889,000.000 (10,472,700.12) (7,000,000.00) 206,435.67 Quantity 63,099,400.000 Per Unit Amount USD EFTA01536408 Local Value Amount USD Local Value (10,472,700.13) (7,000,000.00) Currency Gain/Loss USD (24,915.12) Page 46 of 52 EFTA01536409 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Portfolio Activity Summary - Swiss Franc Beginning Cash Balance US Dollar Value Current Transactions INFLOWS Total Inflows Foreign Exchange - Inflows OUTFLOWS Total Outflows Period Value -10,278,626.75 $10,278,626.75 Foreign Exchange - Outflows Ending Cash Balance * Year to date information is calculated on a calendar year basis. Portfolio Activity Detail - Swiss Franc INFLOWS & OUTFLOWS Settlement Date 6/25 Type Forward FX Contract Description SETTLE FORWARD CURRENCY CONTRACT BUY CHF SELL USD CONTRACT RATE : 1.128396000 TRADE 6/15/10 VALUE 6/25/10 Quantity (9,987,628.340 ) (10,278,626.75) ($10,278,626.75) -Year-To-Date Value* -10,278,626.75 $10,278,626.75 (10,278,626.75) ($10,278,626.75) -Local Value Current Period Value 0.00 11,270,000.00 11,270,000.00 (11,270,000.00) (11,270,000.00) 0.00 EFTA01536410 Year-To-Date Value* -11,270,000.00 11,270,000.00 (11,270,000.00) (11,270,000.00) -Per Unit Amount USD Local Value Amount USD Local Value 10,278,626.75 11,270,000.00 Currency Gain/Loss USD 290,998.41 Page 47 of 52 EFTA01536411 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 INFLOWS & OUTFLOWS Per Unit Settlement Date 6/25 Type Forward FX Contract Description SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL CHF CONTRACT RATE : 1.111374900 TRADE 6/17/10 VALUE 6/25/10 Total Inflows & Outflows $0.00 $152,963.68 Quantity 10,140,592.020 Amount USD Local Value Amount USD Local Value (10,278,626.75) (11,270,000.00) Currency Gain/Loss USD (138,034.73) Page 48 of 52 EFTA01536412 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 Settled Foreign Exchange Contracts Currency Trade Date Settle Date Counter Currency Trade Related EURO U S DOLLAR Speculative AUSTRALIA DOLLAR CANADIAN DOLLAR AUSTRALIA DOLLAR CANADIAN DOLLAR AUSTRALIA DOLLAR U S DOLLAR SWISS FRANC U S DOLLAR SWISS FRANC U S DOLLAR POUND STERLING NORWEGIAN KRONE POUND STERLING NORWEGIAN KRONE POUND STERLING U S DOLLAR POUND STERLING NORWEGIAN KRONE Apr. 28 10 Jun. 25 10 May. 20 10 Jun. 25 10 May. 20 10 Jun. 25 10 Jun. 15 10 Jun. 25 10 Jun. 17 10 Jun. 25 10 Mar. 26 10 Jun. 30 10 Apr. 6 10 Jun. 30 10 May. 6 10 Jun. 30 10 May. 6 10 Jun. 30 10 AUD CAD AUD CAD AUD EFTA01536413 USD CHF USD CHF USD GBP NOK GBP NOK GBP USD GBP (5,426,524.85) 5,000,000.00 5,703,855.80 (5,000,000.00) (277,330.96) 227,139.00 11,270,000.00 (9,987,628.34) (11,270,000.00) 10,140,592.02 (7,000,000.00) 63,099,400.00 (7,000,000.00) 63,889,000.00 260,384.10 (389,245.58) 13,739,615.90 NOK (126,988,400.00) 0.921400 0.876600 0.819017 1.128396 1.111375 9.014200 9.127000 1.494890 9.242500 0.943476 0.853960 0.864400 1.096450 1.096450 8.351606 8.561931 1.496100 8.780000 4,803,073.96 (4,803,073.96) 227,139.00 EFTA01536414 (9,987,628.34) 10,140,592.02 9,702,897.85 9,824,315.93 (389,245.58) (19,527,213.78) (4,690,687.22) 4,930,412.05 (239,724.84) 10,278,626.75 (10,278,626.75) (10,472,700.13) (10,472,700.12) 389,560.65 20,555,839.60 112,386.74 127,338.09 (12,585.84) 290,998.41 (138,034.73) (769,802.28) (648,384.19) 315.07 1,028,625.82 Jun. 3 10 Jun. 7 10 EUR USD Amount Counter Amount Contract Rate Revaluation Rate (197,000.00) 241,167.40 1.224200 1.220450 Contracted Base Amount USD 241,167.40 Revalued Amount USD (240,428.63) Currency G/L 738.77 Page 49 of 52 EFTA01536415 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 In Case of Errors or Questions About Your Electronic Transfers. Contact your J.P. Morgan Team at one of the telephone numbers on the front of this statement or write us at 500 Stanton Christiana Road, 1/OPS, Newark, DE 19713-2107 as soon as you can, if you think your statement is wrong or if you need more information about a transfer on the statement. We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared. (1) Tell us your name and account number. (2) Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is in error or why you need more information. (3) tell us the dollar amount of the suspected error. If you contact us orally, you must send us your complaint or question in writing within 10 business days in order to preserve your rights. We will investigate your complaint and will correct any error promptly. If we take more than 10 business days to do this (20 days for purchases using your debit card or for international transactions), we will credit your account for the amount you think is in error, so that you will have the use of money during the time it takes us to complete our investigation. In case of errors or questions about your statement, including your line of credit. If you think that your statement is incorrect or if you need more information about a transaction on your statement including a line of credit transaction, you must write to us on a separate sheet describing the error and send it to: J.P. Morgan's Private Bank, 500 Stanton Christiana Road, 1/OPS3, Newark, DE 19713-2107. We must hear from you no later than 60 days after the statement on which the error or problem appeared is sent. You can contact your client service specialist but doing so will not preserve your rights. Please review your account statement and promptly report any inaccuracy or discrepancy including possible unauthorized trading activity, unrecorded dividend payments, and unaccounted cash positions in writing to both the introducing broker, JPMSI and the clearing firm, JPMCC at the addresses shown on your statement. Any oral communication should be re-confirmed in writing to further protect your rights, including your rights under the Securities Investor Protection Act (SIPA). If you have any questions please contact your JPMSI Account Representative or JPMSI Compliance Department at (212) 483-2323. In your letter, please provide the following information: (1) your name and account number; (2) the dollar amount of the suspected error; and (3) a description of the error and explanation, if you can, why you believe there is an error. If you need more information, you must describe the item you are unsure about. Important Information about Pricing and Valuations Certain assets including but not limited to, pooled private investments, non- publicly traded and infrequently traded securities, derivatives, partnership interests and tangible assets are generally illiquid, the value of which may have been provided to us by third parties who may not EFTA01536416 be independent of the issuer or manager. Such information is reflected as of the last date provided to us, and is not independently verified. Prices, some of which are provided by pricing services or other sources which we deem reliable, are not guaranteed for accuracy or as realizable values. Market value information (including without limitation, prices, exchange rates, accrued income and bond ratings) furnished herein has been obtained from sources that J.P. Morgan believes to be reliable and is furnished for the exclusive use of the client. J.P. Morgan makes no representation, warranty or guarantee, express or implied, that any quoted value represents the actual terms at which transactions or securities could be bought or sold or new transactions could be entered into, or the actual terms on which existing transactions or securities could be liquidated. The current price is the value of the financial asset share, unit or contract as priced at the close of the market on the last day of the statement period or the last available price. All values provided for structured yield deposits (for example, JPMorgan London Time Deposits) reflect the original deposit amount only. The current value for Real Estate, Mineral Interests and Miscellaneous Assets may not reflect the most current value of the asset. Valuations of over-the-counter derivative transactions, including certain derivatives-related deposit products, have been prepared on a mid-market basis. These valuations are indicative values as of the Page 50 of 52 EFTA01536417 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 close of business of the date of this statement and, except as otherwise agreed in writing, these valuations do not represent the actual terms at which transactions or securities could be bought or sold or new transactions could be entered into, or the actual terms on which existing transactions or securities could be liquidated as of the date of this statement. We do not warrant their completeness or accuracy. These valuations are derived from proprietary models based upon well-recognized financial principles and we have, when necessary to calculate the present value of future cash flows, made reasonable estimates about relevant future market conditions. Valuations based on other models or different assumptions may yield different results. J.P. Morgan expressly disclaims any responsibility for (1) the accuracy of the models or estimates used in deriving the valuations, (2) any errors or omissions in computing or disseminating the valuations, and (3) any uses to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. Please refer to the trade confirmation for details of each transaction. Please review your statement promptly and report any discrepancies immediately to an account officer whose name appears on the contact page of this statement. This statement is not an official document for income tax reporting purposes. Deposits in Foreign Branches are not insured by the FDIC or any other Agency of the Federal Government; Amounts in such foreign accounts do not have the benefit of any Domestic preference applicable to U.S Banks; certain Foreign accounts are considered reportable to the Internal Revenue Service on a Report of Foreign Bank and Financial Account (TD F 90-22.1). Important Information Regarding Auction Rate Securities (ARS). ARS are debt or preferred securities with an interest or dividend rate reset periodically in an auction. Although there may be daily, weekly and monthly resets, there is no guarantee that there will be liquidity. If there are not enough bids at an auction to redeem the securities available for sale, the result may be a failed auction. In the event of a failed auction, there is no assurance that a secondary market will develop or that the security will trade at par or any other price reflected on statements and online.Accordingly, investors should not rely on pricing information appearing in their statements or online with respect to ARS. Where J.P. Morgan was unable to obtain a price from an outside service for a particular ARS, the price column on your statement and online will indicate "$0.00" which however should not be relied on as the price at which ARS would trade. Additional Information About Your Accounts Securities purchased or sold through JPMSI (1) other than mutual funds, are cleared through J.P.Morgan Clearing Corp. ("JPMCC"), an affiliate of 3PMSI, and (2) other than exchange-listed options, are held in your Asset Account at JPMorgan Chase Bank, N.A. Positions in exchange-listed options are held by 3.P.Morgan Clearing Corp. and are not delivered to or from your Asset Account. For EFTA01536418 your convenience, however, positions in exchange-listed options are presented in this Asset Account statement together with other assets held in that account. All pertinent information about your settled and pending purchases and sales effected through your JPMSI account during the period covered by this statement, is summarized in the "Trade Activity" portion of this statement. You should have received separate confirmations for each securities transaction. All transactions are subject to the terms and conditions stated on the reverse side of such confirmations and are subject to the constitution, by-laws, customs and interpretations of the marketplace where executed and governed by and construed in accordance with the laws of the State of New York and all applicable federal laws and regulations. Further information with respect to commissions and other charges related to the execution of transactions, including options transactions, has been included in confirmations that were previously furnished to you. Upon written request, JPMSI will promptly supply you with the latest such information. Shareholders of certain JPMorgan Funds are charged a redemption fee equal to 2% of the proceeds if they exchange or redeem shares of such funds within 60 days of purchase, subject to certain exceptions set forth in the prospectus of the applicable Fund. Please consult your J.P. Morgan representative for a list of the JPMorgan Funds that impose redemption fees. JPMCC and JPMSI are members of the Securities Investor Protection Corp ("SIPC"), a not-for-profit membership corporation funded by broker-dealers registered with the Securities and Exchange Commission. Securities and cash held for a customer at JPMSI and JPMCC are protected by SIPC up to $500,000 per customer, which includes up to $100,000 of protection for cash. SIPC does not protect against losses from fluctuations in the value of the securities. Assets held in custody by JPMorgan Chase Bank, N.A. (the "Bank") are not subject to SIPC. You may obtain information about SIPC, including the SIPC Brochure, on their website, at "www.sipc.org" or by contacting them at (202) 371-8300. To the extent applicable, please read the following disclosures regarding estimated annual income (EAI) and estimated yield (EY): EAI and EY for certain types of securities could include a return of principal or capital gains in which case the EAI and EY would be overstated. EAI and EY are estimates and the actual income and yield might be lower or higher than the estimated amounts. EY reflects only the income generated by an investment. It does not reflect changes in its price, which may fluctuate. Page 51 of 52 EFTA01536419 FINANCIAL TRUST COMPANY INC ACCT. For the Period 6/1/10 to 6/30/10 JPMSI, JPMCB or their affiliates (the "J.P. Morgan Companies") may provide administrative, custodial, sales, distribution or shareholder services to JPMorgan Funds, American Century Funds, or funds established, sponsored, advised, or managed by third parties, and the J.P. Morgan Companies may be compensated for such services. A financial statement of this organization is available to you for personal inspection at its offices, or a copy will be mailed to you upon written request. Bank products and services are offered through JPMCB and its affiliates. Securities are offered by JPMSI and, to the extent noted above, cleared through JPMCC. If a partial call is made with respect to an issue of securities included in your Account we will allocate the call by a method we deem fair and equitable. You must promptly advise JPMSI of material changes in your investment objectives or financial situation. Unless you inform JPMSI otherwise, JPMSI will consider the information currently in its files to be complete and accurate. JPMSI is not a bank and is a separate legal entity from its bank or thrift affiliates, including JPMCB. The securities sold, offered, or recommended by JPMSI: (1) Are not insured by the Federal Deposit Insurance Corporation, or any other governmental agency; (2) Are not deposits or other obligations of JPMSI's bank or thrift affiliates (unless otherwise indicated), and are not guaranteed by or the responsibility of any such affiliates (unless explicitly stated otherwise); and (3) Involve investment risks, including possible loss of the principal invested. JPMSI's banking affiliates may be lenders to issuers of securities that JPMSI underwrites, in which case proceeds of offerings underwritten by JPMSI may be used for the repayment of such loans, and you should refer to the disclosure documents relating to particular securities for discussion of any such lending relationships. The Federal Reserve requires that JPMSI obtain your consent before it can obtain certain information from its bank or thrift affiliates, including their credit evaluation of you. We will assume that your continuing to transact business with JPMSI will constitute your consent to the sharing of such information by JPMSI and its bank or thrift affiliates, to the extent permitted by law. Page 52 of 52 EFTA01536420