EFTA01539259

EFTA01539259 EFTA01539260 JPMorgan Chase Bank, N.A. 270 Park Avenue, New York, NY 10017-2014 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Asset Account J.P. Morgan Team Paul Morris Paul Barrett Janet Young Gina Magliocco Banker Investment Specialist Client Service Team Client Service Team able of ontents Account Summary Holdings Equity Alternative Assets Cash & Fixed Income Other Assets Portfolio Activity Online access www.MorganOnline.com Please see disclosures located at the end of this statement package for important information relating to each J.P.Morgan account(s). Page 2 4 8 9 16 17 Client News 2011 Year End Tax 1099's You will be able to view your 2011 Form 1099 on Morgan Online beginning Feb 24, 2012. You should expect to receive them via mail shortly thereafter. You may contact your J.P. Morgan Team with any questions. 0000007989.00.0.23.RRRRR.BALER01.20120106 Page 1 of 29 EFTA01539261 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Account Summary Asset Allocation Equity Alternative Assets Cash & Fixed Income Other Market Value Accruals Market Value with Accruals Beginning Market Value 23,120,720.28 4,347,376.66 40,523,033.05 162,464.99 $68,153,594.98 427,506.41 $68,581,101.39 Ending Market Value 23,130,482.46 4,279,685.00 41,849,901.36 0.00 $69,260,068.82 330,260.70 $69,590,329.52 Current Portfolio Activity Beginning Market Value Contributions Withdrawals & Fees Securities Transferred In Securities Transferred Out Net Contributions/Withdrawals Income & Distributions Change In Investment Value Ending Market Value Accruals Market Value with Accruals (323,263.32) ($323,263.32) (593,383.59) 2,023,120.75 $69,260,068.82 330,260.70 $69,590,329.52 Period Value 68,153,594.98 EFTA01539262 Change In Value 9,762.18 (67,691.66) 1,326,868.31 (162,464.99) $1,106,473.84 (97,245.71) $1,009,228.13 Equity Year-to-Date Value 67,648,956.00 5,901,714.87 (4,111,383.65) 5,022,500.00 (5,762,694.72) $1,050,136.50 1,419,838.80 (858,862.48) $69,260,068.82 330,260.70 $69,590,329.52 1,470,358.64 $2,172,770.39 Estimated 702,411.75 Current Annual Income Allocation 33% 6% 61% Alternative Assets 100% Cash & Fixed Income Asset Allocation Page 2 of 29 EFTA01539263 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Account Summary Tax Summary Domestic Dividends/Distributions Foreign Dividends Currency Gain/Loss Interest Income Ordinary Income Original Issue Discount Accrued Interest Current Year Accrued Interest Subsequent Year Taxable Income Tax-Exempt Income Bond Premium Amortization Tax-Exempt Income Cash Receipts Other Income & Receipts Cost Summary Equity Cash & Fixed Income Total CONTINUED Current Period Value 42,156.25 19,931.62 (867,549.76) 212,078.30 Year-to-Date Value 532,372.17 128,986.62 (2,007,636.74) 2,836,166.41 42,329.12 79,731.70 (198,265.60) (19,500.00) ($593,383.59) $1,394,183.68 694.44 (39.32) $655.12 25,000.00 $25,000.00 42,163,464 80 Cost 24,095,924.84 $66,259,389.64 ST Realized Gain/Loss EFTA01539264 LT Realized Gain/Loss Realized Gain/Loss Current Period Value (368,510.73) ($368,510.73) Year-to-Date Value 629,071.02 991,295.92 $1,620,366.94 Unrealized Gain/Loss To-Date Value ($90,478.86) Page 3 of 29 EFTA01539265 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Equity Summary Asset Categories US Large Cap Equity US Small/Mid Cap Equity Preferred Stocks Concentrated & Other Equity Total Value Market Value/Cost Market Value Tax Cost Unrealized Gain/Loss Estimated Annual Income Accrued Dividends Yield Beginning Market Value 7,482,300.00 516,500.00 2,084,275.00 13,037,645.28 $23,120,720.28 Ending Market Value 7,597,700.00 539,500.00 1,656,290.00 13,336,992.46 $23,130,482.46 Current Period Value 23,130,482.46 24,095,924.84 (1,539,984.84) 702,411.75 66,930.00 3.02% US Large Cap Equity Change In Value 115,400.00 23,000.00 (427,985.00) 299,347.18 $9,762.18 Current Allocation 11% 1% 2% EFTA01539266 19% 33% US Small/Mid Cap Equity Preferred Stocks Concentrated & Other Equity Asset Categories Equity as a percentage of your portfolio - 33 % Page 4 of 29 EFTA01539267 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Note: P ** indicates position adjusted for Pending Trade Activity. Unrealized Gain/Loss is shown as "N/A" in cases where we do not have appropriate cost information for all tax lots comprising the position. Please contact your J.P. Morgan team for additional information. Equity Detail Price US Large Cap Equity DB CONT BUFF EQ MS 08/07/12 25% CONTIN BARRIER- 13%CPN 30% CAP INITIAL LEVEL-07/15/11 MS:21 09 2515A1-A7-6 SG MARKET PLUS SPX 6/20/12 74% CONTIN BARRIER-0%CPN ,UNCAPPED INITIAL LEVEL-03/16/11 SPX: 1256.88 78423A-L3-4 SG MARKET PLUS SPX 02/07/13 75% CONTIN BARRIER- 6.25%CPN ,UNCAPPED INITIAL LEVEL-08/03/11 SPX:1,260.34 78423A-2Y-7 Total US Large Cap Equity $7,597,700.00 $8,000,000.00 ($402,300.00) $0.00 0.00% 96.44 2,000,000.000 1,928,800.00 2,000,000.00 (71,200.00) 99.42 5,000,000.000 4,971,000.00 5,000,000.00 (29,000.00) Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. EFTA01539268 Accrued Div. Yield 69.79 1,000,000.000 697,900.00 1,000,000.00 (302,100.00) Page 5 of 29 EFTA01539269 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Price US Small/Mid Cap Equity DEUTSCHE BK AG LDN BRH DBL LONG ETN38 25154H-55-8 DAG Preferred Stocks BARCLAYS BANK PLC PFD SHS SER 5 8 1/8% 06739H-36-2 BCS PDAA /P-2 CITIGROUP CAPITAL XIII 7 7/8% PFD 173080-20-1 C PNNA /BA1 P PUBLIC STORAGE 6.35% PFD 74460D-12-5 PSA PRNA /BAA Total Preferred Stocks $1,656,290.00 $1,752,565.50 ($96,275.50) $138,786.75 8.38% 26.91 0.00 5.90% 26.06 30,000.000 781,800.00 750,000.00 31,800.00 59,070.00 7.56% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield 10.79 50,000.000 539,500.00 352,529.00 186,971.00 22.28 39,250.000 874,490.00 EFTA01539270 1,002,565.50 (128,075.50) 79,716.75 9.12% Concentrated & Other Equity GENERAL MOTORS CO 34.25 CV PFD B 37045V-20-9 GM PB JPMORGAN CHASE & CO 7.9% PFD STK APR 30 2049 DTD 04/23/2008 46625H-HA-1 BBB /BAA Page 6 of 29 106.47 5,000,000.000 5,323,450.00 5,404,861.12 (81,411.12) 395,000.00 66,930.00 7.39% 71,000.000 2,431,750.00 3,585,969.22 (1,154,219.22) 168,625.00 6.93% EFTA01539271 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Price Concentrated & Other Equity LONG TOTAL RETURN SWAP 3,007,792.80 USD NOTIONAL APPLE INC MAT FEB 03 2012 DEAL 6505432 N/O Client SWPBDH-AY-3 MS MARKET PLUS MO 06/18/12 78% CONTIN BARRIER-15%CPN ,UNCAPPED INITIAL LEVEL-12/09/10 MO: 24.59 617482-QA-5 MS MARKET PLUS TEF SM 7/26/12 75% CONTIN BARRIER-25.5%CPN ,UNCAPPED INITIAL LEVEL-1/13/11 TEF: 17.69 617482-QR-8 Total Concentrated & Other Equity $13,336,992.46 $13,990,830.34 ($1,228,380.34) $563,625.00 $66,930.00 4.21% 69.64 2,000,000.000 1,392,700.00 2,000,000.00 (607,300.00) 120.49 3,000,000.000 3,614,550.00 3,000,000.00 614,550.00 Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield 64.85 8,860.000 574,542.46 N/A ** N/A EFTA01539272 Page 7 of 29 EFTA01539273 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Alternative Assets Summary Beginning Asset Categories Hard Assets Estimated Value 4,347,376.66 Alternative Assets Detail Price Hard Assets 3PM CORN DLY LIQUIDITY NT 07/25/13 LNKD TO DJUBCN3T 07/22/10 48124A-WK-9 171.19 2,500,000.000 4,279,685.00 2,512,500.00 Quantity Estimated Value Cost Ending Estimated Value 4,279,685.00 Change In Value (67,691.66) Current Allocation 6% Page 8 of 29 EFTA01539274 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Cash & Fixed Income Summary Beginning Asset Categories Cash Non-USD Cash US Fixed Income Non-US Fixed Income Complementary Structured Strategies Foreign Exchange Contracts Total Value Market Value/Cost Market Value Tax Cost Unrealized Gain/Loss Estimated Annual Income Accrued Interest Yield Market Value 19,772,104.69 1,127,249.81 19,582,378.00 363,763.70 600,441.88 (922,905.03) $40,523,033.05 Ending Market Value 21,617,481.54 1,225,396.23 18,124,790.00 270,213.70 607,904.31 4,115.58 $41,849,901.36 Current Period Value 41,849,901.36 42,163,464.80 (317,679.02) 1,470,358.64 263,330.70 3.26% US Fixed Income Change In Value 1,845,376.85 98,146.42 (1,457,588.00) (93,550.00) EFTA01539275 7,462.43 927,020.61 $1,326,868 31 Current Allocation 30% 2% 26% 1% 1% 1% 61% Foreign Exchange Contracts Non-US Fixed Income Complementary Structured Cash Strategies Non-USD Cash Asset Categories Cash & Fixed Income as a percentage of your portfolio 61 % Page 9 of 29 EFTA01539276 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 SUMMARY BY MATURITY 1 Cash & Fixed Income 0-6 months 6-12 months, 1-5 years, 5-10 years, 10+ years, Total Value 1 SUMMARY BY TYPE Market Value 22,474,882.08 975,900.00 11,357,915.00 4,971,875.00 2,065,213.70 $41,845,785.78 % of Bond Portfolio 57% 2% 26% 11% 4% 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. Cash & Fixed Income Cash NON USD Cash Corporate Bonds International Bonds Complementary Structure Total Value Market Value 21,617,481.54 1,225,396.23 18,124,790.00 270,213.70 607,904.31 $41,845,785.78 % of Bond Portfolio 54% 2% EFTA01539277 42% 1% 1% 100% Page 10 of 29 EFTA01539278 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Cash & Fixed Income Summary NET FX CONTRACTS EXPOSURE SUMMARY Value SINGAPORE DOLLAR US DOLLAR in Currency 6,432,250.00 (4,956,037.13) 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 & Fixed Income Detail Price Cash US DOLLAR PROCEEDS FROM PENDING SALES Total Cash 1.00 1.00 21,188,689.79 428,791.75 21,188,689.79 428,791.75 $21,617,481.54 21,188,689.79 428,791.75 $21,617,481.54 $0.00 $6,356.60 $504.69 Non-USD Cash ARGENTINE PESO CANADIAN DOLLAR 0.23 0.98 595,420.00 0.01 138,341.07 0.01 138,349.11 0.01 (8.04) 0.03% 6,356.60 504.69 0.03% EFTA01539279 Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield Page 11 of 29 EFTA01539280 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Price Non-USD Cash EURO PRINCIPAL CURRENCY Total Non-USD Cash 1.30 837,388.58 1,087,055.15 $1,225,396.23 1,099,726.08 $1,238,075.20 (12,670.93) ($12,678.97) $0.00 0.00% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield US Fixed Income AMERICAN CAPITAL LTD 101.02 8.96% DEC 31 2013 DTD 06/28/2010 02503Y-AF-0 B /NA FELCOR LODGING LP 10% OCT 01 2014 DTD 10/01/2009 31430Q-BA-4 NA /B2 FORD MOTOR CREDIT CO LLC SR NOTES 7% APR 15 2015 DTD 04/09/2010 345397-VN-0 BB+ /BA1 HCA INC 6 1/2% FEB 15 2016 DTD 2/8/2006 404119-AR-0 B- /B3 CIT GROUP INC 144A 7% MAY 02 2016 JUN 15 2011 125581-FZ-6 B+ /B2 99.88 5,000,000.00 4,993,750.00 4,725,000.00 EFTA01539281 268,750.00 107.50 1,200,000.00 1,290,000.00 1,278,000.00 12,000.00 84,000.00 17,732.40 101.50 1,500,000.00 1,522,500.00 1,530,000.00 (7,500.00) 97,500.00 36,832.50 350,000.00 49,580.00 4.52% 109.50 2,321,000.00 2,541,495.00 2,442,852.50 98,642.50 232,100.00 58,025.00 6.18% 1,000,000.00 1,010,170.00 1,011,000.00 (830.00) 79,600.00 221.00 7.41% 6.08% 7.03% Page 12 of 29 EFTA01539282 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Price US Fixed Income AMERICAN AXLE & MFG INC 7 7/8% MAR 1 2017 DTD 2/27/2007 02406P-AF-7 B /B2 CIT GROUP INC 144A 7% MAY 02 2017 DTD 06/15/2011 125581-GA-0 B+ /B2 BANK OF AMERICA CORP 8 1/8% PFD STK DEC 29 2049 DTD 04/30/2008 060505-DT-8 BB+ /BA3 Total US Fixed Income 89.75 2,000,000.00 1,795,000.00 2,081,180.56 (286,180.56) 162,500.00 20,762.00 $18,124,790.00 $17,989,908.06 $134,881.94 $1,377,575.00 $258,985.40 Non-US Fixed Income REPUBLIC OF ARGENTINA - ARS FLOATING RATE NOTE DEC 15 2035 DTD 11/01/2005 HELD BY EUROCLEAR ISIN ARARGEO3E147 SEDOL B1MYWX3 EC0698-9B-7 ARS 9.09% 99.88 2,500,000.00 2,496,875.00 2,306,250.00 190,625.00 175,000.00 10,207.50 7.03% 99.00 2,500,000.00 2,475,000.00 2,615,625.00 (140,625.00) 196,875.00 EFTA01539283 65,625.00 8.11% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield 7.03% 2.70 10,000,000.00 270,213.70 318,000.00 (47,786.30) 86,427.04 3,840.61 32.23% Page 13 of 29 EFTA01539284 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Price Complementary Structured Strategies JPY CALL CAD PUT FX EUROPEAN STYLE OPTION AUG 13, 2012 @ 76. KI @ 71 XJPYCA-RC-Z CAD JPY PUT CAD CALL FX EUROPEAN STYLE OPTION AUG 13, 2012 @ 83.25 XJPYPA-YX-Z CAD HSBC MARKET PLUS MXN NOTE 11/2/12 LNKED TO MXN VS USD 25% BUFFER, 9.75%CPN, 100%MAXRTN 10/26/11 4042K1-RA-3 Total Complementary Structured Strategies $607,904.31 $1,000,000.00 ($392,095.69) $0.00 0.00% 97.59 12/19/11 1,000,000.00 975,900.00 1,000,000.00 (24,100.00) 0.01 832,500,000.00 95,926.53 411,436.90 (315,510.37) Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield 0.06 (760,000,000.00 ) (463,922.22) (411,436.90) (52,485.32) Market Value Receivable EFTA01539285 Trade Date Foreign Exchange Contracts CHINESE RENMINBI US DOLLAR Currency Settlement Date Counter Currency Amount Counter Amount Contract Rate Current Market Forward Rate Market Value Payable Unrealized Gain/Loss Jan. 13 11 Jan. 18 12 CNY USD 64,200,000.00 (10,000,000.00) 6.420000 6.315889 10,164,840.24 10,000,000.00 164,840.24 Page 14 of 29 EFTA01539286 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Market Value Receivable Trade Date Foreign Exchange Contracts CHINESE RENMINBI CHINESE RENMINBI CHINESE RENMINBI SINGAPORE DOLLAR SINGAPORE DOLLAR US DOLLAR US DOLLAR US DOLLAR US DOLLAR US DOLLAR Total Foreign Exchange Contracts Jun. 8 11 Jun. 11 12 Oct. 5 11 Jan. 18 12 Oct. 5 11 Jun. 11 12 Nov. 2 11 Feb. 6 12 Dec. 12 11 Feb. 6 12 CNY USD CNY USD CNY USD SGD USD SGD USD 31,818,000.00 (5,000,000.00) (64,200,000.00) 10,060,330.64 (31,818,000.00) 4,983,632.23 3,183,000.00 (2,500,000.00) 3,249,250.00 (2,500,000.00) 6.363600 6.381500 6.384500 1.273200 EFTA01539287 1.299700 6.364177 6.315889 6.364177 1.296785 1.296785 4,999,546.97 5,000,000.00 10,060,330.64 10,164,840.24 4,983,632.23 4,999,546.97 2,454,532.41 2,500,000.00 2,505,620.30 2,500,000.00 $35,168,502.79 $35,164,387.21 (453.03) (104,509.60) (15,914.74) (45,467.59) 5,620.30 $4,115.58 Currency Settlement Date Counter Currency Amount Counter Amount Contract Rate Current Market Forward Rate Market Value Payable Unrealized Gain/Loss Page 15 of 29 EFTA01539288 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Other Summary Asset Categories Other Beginning Estimated Value 162,464.99 Ending Estimated Value 0.00 Change In Value (162,464.99) Current Allocation Page 16 of 29 EFTA01539289 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Portfolio Activity Summary - U S Dollar Beginning Cash Balance Current Transactions INFLOWS Income Contributions Foreign Exchange - Inflows Total Inflows OUTFLOWS ** Withdrawals Interest Purchased Foreign Exchange - Outflows Total Outflows TRADE ACTIVITY Settled Sales/Maturities/Redemptions Settled Securities Purchased Total Trade Activity Ending Cash Balance 4,104,150.30 (1,639,007.50) $2,465,142.80 $21,188,689.79 * Year to date information is calculated on a calendar year basis. ** Your account's standing instructions use a FIRST IN, FIRST OUT method for relieving assets from your position 68,525,933.51 (57,666,261.50) $10,859,672.01 -(20,353,310.05) ($20,353,310.05) 19,401,760.29 $19,537,577.35 Period Value 19,539,279.69 135,817.06 Year-To-Date Value* -3,186,604.93 5,901,714.87 90,916,904.38 $100,005,224.18 (4,111,383.65) (19,500.00) (91,172,723.92) ($95,303,607.57) Current Cost EFTA01539290 Adjustments Accretion Amortization Cost Adjustments Total Cost Adjustments $0.00 Period Value Year-To-Date Value* 79,731.70 (39.32) 176,834.93 $256,527.31 Page 17 of 29 EFTA01539291 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Portfolio Activity Detail - U S Dollar INFLOWS & OUTFLOWS Type Settle Date Selection Method 12/1 12/1 12/5 Interest Income Div Domest Free Delivery FIFO Description DEPOSIT SWEEP INTEREST FOR NOV. @ .03% RATE ON NET AVG COLLECTED BALANCE OF $19,434,639.95 AS OF 12/01/11 GENERAL MOTORS CO CV PFD B @ 0.59375 PER SHARE (ID: 37045V-20-9) CORN SHORT FORWARD CONTRACT 2,274,650.00 USD NOTIONAL 67.00 NOTIONAL CONTRACTS (335K BSH) 6.79 FORWARD RATE 12/02/2011 MATURITY DEAL 41129331 JPMORGAN CHASE BANK TRADE DATE 07/13/11 AS OF 12/02/11 (ID: CFCONT-GM-6) 12/9 12/9 12/9 12/9 12/12 12/15 FX Fwd Contract FX Fwd Contract FX Fwd Contract FX Fwd Contract Corporate Interest Foreign Dividend SETTLE FORWARD CURRENCY CONTRACT BUY INR SELL USD CONTRACT RATE : 46.421000000 TRADE 9/07/11 VALUE 12/09/11 (ID: OINRPR-AA-8) SETTLE FORWARD CURRENCY CONTRACT BUY SGD SELL USD CONTRACT RATE : 1.206580000 TRADE 9/07/11 VALUE 12/09/11 (ID: OSGDPR-AA-5) SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL INR CONTRACT RATE : 48.700000000 TRADE 9/19/11 VALUE 12/09/11 (ID: OINRPR-AA-8) SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL SGD CONTRACT RATE : 1.265700000 TRADE 9/19/11 VALUE 12/09/11 (ID: OSGDPR-AA-5) CIT GROUP INC 144A 7% MAY 02 2017 DTD 06/15/2011 (ID: 125581-GA-0) BARCLAYS BANK PLC PFD SHS SER 5 8 1/8% @ EFTA01539292 0.507812 PER SHARE (ID: 06739H-36-2) 2,500,000.000 39,250.000 0.018 0.508 43,750.00 19,931.62 (12,679,500.000 ) (9,789,229.88) 10,017,776.72 (457,000,000.000 ) (8,782,550.21) 9,383,983.57 12,679,500.000 9,789,229.88 (10,508,627.69) 457,000,000.000 8,782,550.21 (9,844,682.36) 71,000.000 (1.000) 0.00 0.594 42,156.25 Quantity Cost Per Unit Amount Amount 479.26 Page 18 of 29 EFTA01539293 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 INFLOWS & OUTFLOWS Type Settle Date Selection Method 12/19 12/19 12/23 Name Change Name Change Foreign Interest Description ING CAPITAL FUNDING TRUSTS III 8.439% PFD STK DEC 31 2049 DTD 12/15/2000 TO REDESCRIPTION (ID: 44978N-AA-3) ING CAP FUNDING TRST III FLOATING RATE NOTE DEC 29 2049 DTD 12/15/2000 ELECTED BONDS - EXP 12/20/2011 FROM REDESCRIPTION (ID: 44999A-K3-6) ING CAP FUNDING TRST III FLOATING RATE NOTE DEC 29 2049 DTD 12/15/2000 ELECTED BONDS - EXP 12/20/2011 @ 0.009259 PER SHARE (ID: 44999A-K3-6) 12/29 Interest Income Total Inflows & Outflows PUBLIC STORAGE 6.35% PFD @ 0.396875 PER SHARE (ID: 74460D-12-5) 16,000.000 0.397 6,350.00 ($815,732.70) 2,500,000.000 2,445,620.28 2,500,000.000 0.009 23,149.93 Quantity Cost Per Unit Amount (2,500,000.000 ) (2,445,620.28) Amount Page 19 of 29 EFTA01539294 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 TRADE ACTIVITY Note: Trade Date Settle Date 7/13 12/2 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 Selection Method Description Settled Sales/Maturities/Redemptions Sale FIFO CORN LONG FORWARD CONTRACT 2,041,825.00 USD NOTIONAL 67.00 NOTIONAL CONTRACTS (335K BSH) 6.095 FORWARD RATE 12/02/2011 MATURITY DEAL 40996151 COMMODITY FORWARD EXPIRATION JPMORGAN CHASE BANK (ID: CFCONT-GJ-3) 12/2 12/7 12/2 12/7 12/7 12/9 12/7 12/12 12/7 12/13 12/8 12/13 12/8 12/13 Sale FIFO Sale FIFO Sell Option FIFO Sale FIFO Sale FIFO Sale FIFO Sale FIFO ENBRIDGE ENERGY PARTNERS L P UNIT OF LIMITED EFTA01539295 PARTNERSHIP INT @ 30.50 38,125.00 BROKERAGE 100.00 TAX &/OR SEC .74 J.P. MORGAN SECURITIES LLC (ID: 29250R-10-6) RETAIL OPPORTUNITY INVESTMENTS CORP. COM @ 11.20 12,320.00 BROKERAGE 100.00 TAX &/OR SEC .24 J.P. MORGAN SECURITIES LLC (ID: 76131N-10-1) EUR PUT USD CALL FX EUROPEAN STYLE OPTION DEC (14,814,814.810 ) 12, 2011 @ 1.35 KO @ 1.2775 RESALE OF PURCHASED FX OPTION (ID: XEURPB-SD-Z) DOLLAR GENERAL CORP @ 39.10 459,425.00 BROKERAGE 587.50 TAX &/OR SEC 8.83 J.P. MORGAN SECURITIES LLC (ID: 256677-10-5) BANKRATE INC @ 18.17 28,617.75 BROKERAGE 100.00 TAX &/OR SEC .55 J.P. MORGAN SECURITIES LLC (ID: 06647F-10-2) CLEARWIRE CORP NEW CL A @ 2.10233 315,349.50 BROKERAGE 7,500.00 TAX &/OR SEC 6.06 J.P. MORGAN SECURITIES LLC (ID: 185380-10-5) ENTERPRISE PRODUCTS PARTNERS L P @ 44.66 66,990.00 BROKERAGE 100.00 TAX &/OR SEC 1.29 J.P. MORGAN SECURITIES LLC (ID: 293792-10-7) Page 20 of 29 (1,500.000) 44.592 66,888.71 (67,020.00) (131.29) S (150,000.000) 2.052 307,843.44 (300,000.00) 7,843.44 S (1,575.000) 18.106 28,517.20 (27,562.50) 954.70 S (11,750.000) 39.049 458,828.67 (458,250.00) 578.67 S 0.009 140,000.00 (100,000.00) 40,000.00 C (1,100.000) 11.109 12,219.76 (11,935.00) 284.76 S EFTA01539296 (1,250.000) 30.419 38,024.26 (38,562.50) (538.24) S Quantity Per Unit Amount (1.000) 232,825.00 Proceeds 232,825.00 Tax Cost 0.00 Realized Gain/Loss 232,825.00 S* EFTA01539297 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Trade Date Settle Date 12/9 Type Selection Method Description Settled Sales/Maturities/Redemptions Sale 12/14 12/13 12/16 12/14 12/19 12/15 12/20 12/15 12/20 12/15 12/20 12/16 12/21 12/16 12/21 FIFO Sale FIFO Sale FIFO Sale FIFO Sale FIFO Sale FIFO Sale FIFO Sale FIFO MEMORIAL PRODUCTION PARTNERS @ 18.814 42,331.50 BROKERAGE 112.50 TAX &/OR SEC .82 J.P. MORGAN SECURITIES LLC (ID: 586048-10-0) PIONEER SOUTHWEST ENERGY PARTNERS LP @ 28.87755 64,974.49 BROKERAGE 112.50 TAX &/OR SEC 1.25 J.P. MORGAN SECURITIES LLC (ID: 72388B-10-6) UNITS - MARKWEST ENERGY PARTNERS L P @ 54.00 170,100.00 BROKERAGE 157.50 TAX &/OR SEC 3.27 J.P. MORGAN SECURITIES LLC (ID: 570759-10-0) MICHAEL KORS HOLDINGS LTD @ 24.8476 186,357.00 BROKERAGE 375.00 TAX &/OR SEC 3.58 J.P. MORGAN SECURITIES LLC (ID: G60754-10-1) EFTA01539298 ARIAD PHARMACEUTICALS INC @ 10.97955 49,407.98 BROKERAGE 225.00 TAX &/OR SEC .95 J.P. MORGAN SECURITIES LLC (ID: 04033A-10-0) LAREDO PETROLEUM HOLDINGS IN @ 17.28 62,208.00 BROKERAGE 180.00 TAX &/OR SEC 1.20 J.P. MORGAN SECURITIES LLC (ID: 516806-10-6) INERGY MIDSTREAM LP @ 16.70 37,575.00 BROKERAGE 112.50 TAX &/OR SEC .73 J.P. MORGAN SECURITIES LLC (ID: 45671U-10-6) ZYNGA INC @ 10.60622 63,637.32 BROKERAGE 300.00 TAX &/OR SEC 1.23 J.P. MORGAN SECURITIES LLC (ID: 98986T-10-8) (6,000.000) 10.556 63,336.09 (60,000.00) 3,336.09 S (2,250.000) 16.65 37,461.77 (38,250.00) (788.23) S (3,600.000) 17.23 62,026.80 (61,200.00) 826.80 S (4,500.000) 10.929 49,182.03 (46,890.00) 2,292.03 S (7,500.000) 24.797 185,978.42 (150,000.00) 35,978.42 S (3,150.000) 53.949 169,939.23 (170,887.50) (948.27) S (2,250.000) 28.827 64,860.74 (65,700.00) (839.26) S Quantity (2,250.000) Per Unit Amount EFTA01539299 18.764 Proceeds 42,218.18 Tax Cost (42,750.00) Realized Gain/Loss (531.82) S Page 21 of 29 EFTA01539300 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Trade Date Settle Date 12/23 12/23 Type Selection Method Description Settled Sales/Maturities/Redemptions Sale FIFO ING CAP FUNDING TRST III FLOATING RATE NOTE DEC 29 2049 DTD 12/15/2000 ELECTED BONDS - EXP 12/20/2011 HOLDERS RECEIVE $800.00 IN TENDER PROCEEDS, PLUS $9.25997333 IN ACCRUED INTEREST PER $1,000 P.A. OF BONDS HELD OF CUSIP 44978NAA3. (ID: 44999A-KJ-6) 12/28 12/30 Sell Option FIFO EUR PUT USD CALL FX EUROPEAN STYLE OPTION JAN (15,296,367.110 13, 2012 @ 1.3075 KO @ 1.245 RESALE OF PURCHASED FX OPTION (ID: XEURPB-ST-Z) Total Settled Sales/Maturities/Redemptions $4,104,150.30 ($4,184,627.78) ($164,477.48) S $84,000.00 C 0.009 144,000.00 (100,000.00) 44,000.00 C Quantity (2,500,000.000 ) Per Unit Amount 80.00 Proceeds 2,000,000.00 Tax Cost (2,445,620.28) Realized Gain/Loss (445,620.28) S Trade Date Settle Date Type Description Settled Securities Purchased 12/2 ) EFTA01539301 Purchase 12/7 12/1 12/7 12/7 12/12 12/7 12/12 Purchase Purchase Purchase ENBRIDGE ENERGY PARTNERS L P UNIT OF LIMITED PARTNERSHIP INT @ 30.85 J.P. MORGAN SECURITIES LLC (ID: 29250R-10-6) RETAIL OPPORTUNITY INVESTMENTS CORP. COM @ 10.85 J.P. MORGAN SECURITIES LLC (ID: 76131N-10-1) BANKRATE INC @ 17.50 J.P. MORGAN SECURITIES LLC (ID: 06647F-10-2) DOLLAR GENERAL CORP @ 39.00 J.P. MORGAN SECURITIES LLC (ID: 256677-10-5) 1,575.000 11,750.000 17.50 39.00 (27,562.50) (458,250.00) 1,100.000 10.85 (11,935.00) Quantity 1,250.000 Per Unit Amount 30.85 Market Cost (38,562.50) Page 22 of 29 EFTA01539302 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Trade Date Settle Date Type Settled Securities Purchased 12/8 Purchase 12/13 12/8 12/13 12/9 12/14 12/13 12/15 12/13 12/16 12/14 12/19 12/15 12/20 12/15 12/20 12/15 12/20 12/15 12/21 12/15 12/21 Purchase Purchase Purchase Purchase Purchase Purchase Purchase Total Settled Securities Purchased Purchase Purchase Description CLEARWIRE CORP NEW CL A @ 2.00 J.P. MORGAN SECURITIES LLC (ID: 18538Q-10-5) ENTERPRISE PRODUCTS PARTNERS L P @ 44.68 J.P. MORGAN SECURITIES LLC (ID: 293792-10-7) MEMORIAL PRODUCTION PARTNERS @ 19.00 J.P. MORGAN SECURITIES LLC (ID: 586048-10-0) Purchase Option EUR PUT USD CALL FX EUROPEAN STYLE OPTION JAN 13, 2012 @ 1.3075 KO @ 1.245 PURCHASED FX OPTION PUT 15,296,367.11 EUR CALL 20,000,000.00 USD (ID: XEURPB-ST-Z) PIONEER SOUTHWEST ENERGY PARTNERS LP @ 29.20 EFTA01539303 J.P. MORGAN SECURITIES LLC (ID: 723886-10-6) UNITS - MARKWEST ENERGY PARTNERS L P @ 54.25 J.P. MORGAN SECURITIES LLC (ID: 570759-10-0) MICHAEL KORS HOLDINGS LTD @ 20.00 J.P. MORGAN SECURITIES LLC (ID: G60754-10-1) ARIAD PHARMACEUTICALS INC @ 10.42 J.P. MORGAN SECURITIES LLC (ID: 04033A-10-0) LAREDO PETROLEUM HOLDINGS IN @ 17.00 J.P. MORGAN SECURITIES LLC (ID: 516806-10-6) INERGY MIDSTREAM LP @ 17.00 J.P. MORGAN SECURITIES LLC (ID: 45671U-10-6) ZYNGA INC @ 10.00 J.P. MORGAN SECURITIES LLC (ID: 98986T-10-8) 2,250.000 3,150.000 7,500.000 4,500.000 3,600.000 2,250.000 6,000.000 29.20 54.25 20.00 10.42 17.00 17.00 10.00 (65,700.00) (170,887.50) (150,000.00) (46,890.00) (61,200.00) (38,250.00) (60,000.00) ($1,639,007.50) Quantity 150,000.000 1,500.000 2,250.000 15,296,367.110 Per Unit Amount 2.00 44.68 19.00 0.007 Market Cost (300,000.00) (67,020.00) (42,750.00) (100,000.00) EFTA01539304 Page 23 of 29 EFTA01539305 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Trade Date Type Est. Settle Date Selection Method Description Pending Sales, Maturities, Redemptions Sale 12/29 1/4 PUBLIC STORAGE 6.35% PFD (ID: 74460D-12-5) Quantity (16,000.000) Per Unit Amount 26.85 Proceeds 428,791.75 Tax Cost (400,000.00) Realized Gain/Loss 28,791.75 S Page 24 of 29 EFTA01539306 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Portfolio Activity Summary - Argentine Peso Beginning Cash Balance US Dollar Value Current Transactions Income INFLOWS Total Inflows Ending Cash Balance * Year to date information is calculated on a calendar year basis. Your account's standing instructions use a FIRST IN, FIRST OUT method for relieving assets from your position Portfolio Activity Detail - Argentine Peso INFLOWS & OUTFLOWS Per Unit Type Settle Date Selection Method 12/19 Foreign Interest Description ENTRY REVERSED ON 12/29/2011 REPUBLIC OF ARGENTINA - ARS FLOATING RATE NOTE DEC 15 2035 DTD 11/01/2005 HELD BY EUROCLEAR ISIN ARARGEO3E147 SEDOL B1MYWX3 AS OF 12/15/11 (ID: EC0698-9B-7) 12/29 Foreign Interest TO REVERSE ENTRY OF 12/19/2011 REPUBLIC OF ARGENTINA - ARS FLOATING RATE NOTE DEC 15 2035 DTD 11/01/2005 HELD BY EUROCLEAR ISIN ARARGEO3E147 SEDOL B1MYWX3 AS OF 12/15/11 (ID: EC0698-9B-7) Page 25 of 29 10,000,000.000 Quantity 10,000,000.000 Amount USD Local Value 0.014 0.06 Amount USD Local Value 139,320.31 597,510.00 Currency Gain/Loss USD Period Value -277,669.42 $277,669.42 EFTA01539307 -Year-To-Date Value* -277,669.42 $277,669.42 -Local Value Current Period Value 0.00 1,192,930.00 1,192,930.00 1,192,930.00 Year-To-Date Value* -1,192,930.00 1,192,930.00 EFTA01539308 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 INFLOWS & OUTFLOWS Per Unit Type Settle Date Selection Method 12/29 Foreign Interest Description TO REVERSE ENTRY OF 12/19/2011 REPUBLIC OF ARGENTINA - ARS FLOATING RATE NOTE DEC 15 2035 DTD 11/01/2005 HELD BY EUROCLEAR ISIN ARARGEO3E147 SEDOL B1MYWX3 AS OF 12/15/11 (ID: OARSPR-AA-9) 12/30 Foreign Interest REPUBLIC OF ARGENTINA - ARS FLOATING RATE NOTE DEC 15 2035 DTD 11/01/2005 HELD BY EUROCLEAR ISIN ARARGEO3E147 SEDOL B1MYWX3 AS OF 12/15/11 (ID: EC0698-9B-7) Total Inflows & Outflows $277,669.42 $0.00 10,000,000.000 0.014 0.06 138,349.11 595,420.00 Quantity (597,510.000) Amount USD Local Value Amount USD Local Value Currency Gain/Loss USD Page 26 of 29 EFTA01539309 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Portfolio Activity Summary - Indian Beginning Cash Balance US Dollar Value Current Transactions INFLOWS Total Inflows Foreign Exchange - OUTFLOWS ** Total Outflows Period Value -8,782,550.21 $8,782,550.21 Foreign Exchange - Outflows Ending Cash Balance * Year to date information ** Your account's standing relieving assets from your Portfolio Activity Detail - Indian Rupee INFLOWS & OUTFLOWS Per Unit Type Settle 12/9 12/9 FX Fwd Contract FX Fwd Contract Total Inflows & Outflows Description SETTLE FORWARD CURRENCY CONTRACT USD CONTRACT RATE : 46.421000000 VALUE 12/09/11 (ID: OINRPR-AA-8) SETTLE FORWARD CURRENCY CONTRACT INR CONTRACT RATE : 48.700000000 VALUE 12/09/11 (ID: OINRPR-AA-8) $0.00 ($460,698.79) Page 27 of 29 9,383,983.570 (8,782,550.21) (457,000,000.00) 601,433.36 Quantity (9,844,682.360 ) Amount USD Local Value Amount USD Local Value Inflows Date Selection Method Rupee is calculated on instructions use position a calendar year basis. a FIRST IN, FIRST OUT method for BUY INR SELL TRADE 9/07/11 BUY USD SELL TRADE 9/19/11 EFTA01539310 8,782,550.21 457,000,000.00 Currency Gain/Loss USD (1,062,132.15) (8,782,550.21) ($8,782,550.21) -Year-To-Date Value* -48,780,467.64 $48,780,467.64 (48,971,865.14) ($48,971,865.14) -Local Value Current Period Value 0.00 457,000,000.00 457,000,000.00 (457,000,000.00) (457,000,000.00) 0.00 Year-To-Date Value* -2,285,000,000.00 2,285,000,000.00 (2,285,000,000.00 ) (2,285,000,000.00 ) EFTA01539311 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Portfolio Activity Summary - Singapore Dollar Beginning Cash Balance US Dollar Value Current Transactions INFLOWS Total Inflows Foreign Exchange - Inflows OUTFLOWS ** Total Outflows Period Value -9,789,229.88 $9,789,229.88 Foreign Exchange - Outflows Ending Cash Balance * Year to date information is calculated on a calendar year basis. ** Your account's standing instructions use a FIRST IN, FIRST OUT method for relieving assets from your position Portfolio Activity Detail - Singapore Dollar INFLOWS & OUTFLOWS Per Unit Type Settle Date Selection Method 12/9 12/9 FX Fwd Contract FX Fwd Contract Total Inflows & Outflows Description SETTLE FORWARD CURRENCY CONTRACT BUY SGD SELL USD CONTRACT RATE : 1.206580000 TRADE 9/07/11 VALUE 12/09/11 (ID: OSGDPR-AA-5) SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL SGD CONTRACT RATE : 1.265700000 TRADE 9/19/11 VALUE 12/09/11 (ID: OSGDPR-AA-5) $0.00 ($490,850.97) Page 28 of 29 10,017,776.720 (9,789,229.88) (12,679,500.00) 228,546.84 Quantity (10,508,627.690 ) Amount USD Local Value Amount USD Local Value EFTA01539312 9,789,229.88 12,679,500.00 Currency Gain/Loss USD (719,397.81) (9,789,229.88) ($9,789,229.88) -Year-To-Date Value* -40,824,985.92 $40,824,985.92 (41,063,063.66) ($41,063,063.66) -Local Value Current Period Value 0.00 12,679,500.00 12,679,500.00 (12,679,500.00) (12,679,500.00) 0.00 Year-To-Date Value* -50,718,000.00 50,718,000.00 (50,718,000.00) (50,718,000.00) EFTA01539313 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Settled Foreign Exchange Contracts Currency Trade Date Settle Date Counter Currency Speculative INDIAN RUPEE U S DOLLAR SINGAPORE DOLLAR U S DOLLAR INDIAN RUPEE U S DOLLAR SINGAPORE DOLLAR U S DOLLAR Sep. 7 11 Dec. 9 11 Sep. 7 11 Dec. 9 11 Sep. 19 11 Dec. 9 11 Sep. 19 11 Dec. 9 11 INR USD SGD USD USD SGD USD 457,000,000.00 (9,844,682.36) 12,679,500.00 (10,508,627.69) INR (457,000,000.00) 9,383,983.57 (12,679,500.00) 10,017,776.72 46.421000 1.206580 48.700000 1.265700 52.035000 1.295250 52.035000 1.295250 (9,844,682.36) (10,508,627.69) 9,383,983.57 10,017,776.72 8,782,550.21 EFTA01539314 9,789,229.88 (8,782,550.21) (9,789,229.88) (1,062,132.15) (719,397.81) 601,433.36 228,546.84 Amount Counter Amount Contract Rate Revaluation Rate Contracted Base Amount USD Revalued Amount USD Currency G/L Page 29 of 29 EFTA01539315 THIS PAGE INTENTIONALLY LEFT BLANK EFTA01539316 For the Period 12/1/11 to 12/31/11 For your convenience we have combined statement(s) for activity you conduct through J.P. Morgan in one package. Below are important disclosures relating to these different accounts. These statements may relate to various account types. Some of the disclosures are applicable to all of your accounts. For ease of reference the disclosures applicable to a particular type of account have been grouped together by descriptive headers. IMPORTANT GENERAL INFORMATION APPLICABLE TO ALL OF YOUR ACCOUNT(S) Important Information about Pricing ,Valuations, Estimated Annual Income, and Estimated Yield Market value information (including without limitation, prices, exchange rates, accrued income and bond ratings) furnished herein, some of which has been provided by pricing sources that J.P. Morgan believes to be reliable, is not guaranteed for accuracy but provided for informational purposes and is furnished for the exclusive use of the client. 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 value for Real Estate, Mineral Interests and Miscellaneous Assets may not reflect the most current value of the asset. Certain assets including but not limited to, pooled and private investments, non-publicly traded and infrequently traded securities, derivatives, partnership interests and tangible assets are generally illiquid, the value of such asset may have been provided to us by third parties who may or may not be independent of the issuer or manager. Such information is reflected as of the last date provided to us, and is not independently verified. 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 should not be relied on as the price at which ARS would trade. 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. Such values may only be indicative. Valuations of over-the-counter derivative transactions, including certain EFTA01539317 derivatives-related deposit products, have been prepared on a mid-market basis. 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. If a partial call is made with respect to an issue of securities included in your Accounts we will allocate the call by a method we deem fair and equitable. To the extent applicable, please note the following 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. Offshore Deposits - London and Nassau 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 Accounts (TD F 90-22.1). Disclosures Page 1 of 4 EFTA01539318 For the Period 12/1/11 to 12/31/11 Bank products and services are offered through JPMorgan Chase Bank, N.A. ("JPMCB") and its banking affiliates. Securities are offered by J.P.Morgan Securities LLC ("JPMS") and, to the extent noted below, cleared through J.P. Morgan Clearing Corp. ("JPMCC"). Neither JPMS, nor JPMCC is a bank and are each separate legal entities from its bank or thrift affiliates. Investment Products: Not FDIC Insured -No Bank Guarantee -May Lose Value Fund manager disclosure information available upon request If you have an investment account that is managed by an SEC-Registered Investment Advisor, J.P. Morgan will provide a copy of the advisor's Form ADV II or brochure upon written request. These statements are not official documents for income tax reporting purposes and should not be relied upon for such purposes, including determination of income, cost basis, amortization or accretion, or gain/loss. Such information, which may be inaccurate, incomplete or subject to updating, should be confirmed with your records and your tax advisor. Please take the steps indicated below if you think statement(s) are incorrect or contact your J.P.Morgan team if you require additional information about a transaction on your statement(s). IMPORTANT ADDITIONAL INFORMATION APPLICABLE ONLY TO YOUR ASSET ACCOUNT(S) (LINKED TO JPMS) Your Asset Account consists of a bank account that custodies assets linked to a brokerage account through which securities transactions are executed. As a result, the Asset Account statement(s) reflect brokerage transactions executed through JPMS but (except for exchange listed options) held in custody at JPMCB. Securities purchased or sold through JPMS in U.S. markets (other then mutual funds) are cleared through an affiliate of JPMS, in non-U.S. markets securities are cleared through JPMS. Positions in exchange-listed options are held by JPMCC. For your convenience, however, positions in exchange-listed options are presented in Asset Account statement(s) together with other assets held in such account(s). All pertinent information about your settled and pending purchases and sales effected through your JPMS account during the period covered by these statement(s), is summarized in the "Trade Activity" portion of the statement(s). In Case of Other Errors or Questions About Your Asset Account Statement(s) Please review your statement(s) and promptly report any inaccuracy or discrepancy including possible unauthorized trading activity, unrecorded dividend payments, unaccounted cash positions, improper payments or transfers in writing to both the introducing broker, JPMS and the clearing firm, JPMCC at the addresses shown on your statement(s). 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 J.P.Morgan team. In your written communication, please provide the following information: (1) EFTA01539319 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. We must receive your written communication no later than 30 days after the statement on which the error or problem appeared is sent or made available. If you do not so notify us, you agree that the statement activity and account balance(s) are correct. JPMCC and JPMS 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 JPMCC are protected by SIPC up to $500,000 per customer, which includes up to $250,000 of protection for cash. SIPC does not protect against losses from fluctuations in the value of the securities. Assets held in custody by JPMCB 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. In Case of Errors or Questions About Your Electronic Transfers. Disclosures Page 2 of 4 EFTA01539320 For the Period 12/1/11 to 12/31/11 Contact your J.P. Morgan Team at one of the telephone numbers on the front of your statements or write us at J.P. Morgan, 500 Stanton Christiana Road, 1/OPS3, 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 an error or why you need more information. (3) Tell us the dollar amount of the suspected error. We will investigate your complaint and will correct any error promptly. If we take more than 10 business days (or 20 business days for new accounts) to do this, we will credit your account for the amount you think is in error, so that you will have the use of the money during the time it takes us to complete our investigation. In Case of Errors or Questions About Non-Electronic Transfers (Checks or Deposits) Contact JPMorgan Chase Bank, N.A. ("JPMCB") Member FDIC immediately if a statement is incorrect or if you need more information about any non- electronic transactions (checks or deposits) on this statement. If any such error appears, you must notify the bank in writing as soon as possible after your statement was made available to you. For more complete details, see the applicable account agreements and appendices that govern your account. Deposit products and services are offered by JPMCB Member FDIC. You must promptly advise your J.P.Morgan representative of material changes in your investment objectives or financial situation or if you wish to modify the management of your account. Unless you inform otherwise, your J.P.Morgan representative will consider the information currently in its files to be complete and accurate. With reference to JPMS and JPMCC: 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. You should have received (or have made available to you) 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 or have made available to you. Upon written request, JPMS will promptly supply you with the latest information. PRODUCT RELATED DISCLOSURE: IMPORTANT INFORMATION ABOUT ALTERNATIVE INVESTMENTS: FOOTNOTES 1 - 4 Private Equity, Hedge Funds, Exchange Funds, Real Estate and Other Alternative Assets EFTA01539321 I. Direct private equity investments and pooled private investments (e.g., interests in limited partnerships and limited liability companies) are generally illiquid securities. Values are estimates only and are not warranted for accuracy or completeness. Values 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 could be liquidated as of the date of this statement. Direct private equity investments are generally valued at cost, unless there is an active secondary trading market in the securities, in which case, direct private equity investments are valued using market prices as of the close of the last business day for this statement period Pooled private equity investments are valued according to the General Partner's or Manager's stated methodology. Please refer to the limited partnership agreement, limited liability company agreement or other operative documentation for each investment for the specific valuation methodology used by the General Partner or Manager for that investment or for your Investment Management or Trust account contact your J.P. Morgan team. J.P. Morgan expressly disclaims any responsibility for (1) the accuracy of the information and the methodology used by the General Partner or Manager in deriving valuations, (2) any errors or omissions in compiling or disseminating the valuations, and (3) any use to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. Disclosures Page 3 of 4 EFTA01539322 For the Period 12/1/11 to 12/31/11 Hedge funds generally calculate the price (the "Net Asset Value" or " NAV"), 10-15 business days following the last business day of the month. For that reason, hedge fund NAVs shown will generally be the NAV of the month preceding this statement period. In general, the NAV is stated net of management and incentive fees. The NAV is calculated according to the General Partner's or Manager's stated methodology. Please refer to the limited partnership agreement, limited liability company agreement or other operative documentation for each hedge fund for the specific methodology used by the General Partner or Manager for that hedge fund or for your Investment Management or Trust account contact your J.P. Morgan team. J.P. Morgan expressly disclaims any responsibility for (1) the accuracy of the information and the methodology used by the General Partner or Manager in deriving valuations, (2) any errors or omissions in compiling or disseminating the valuations, and (3) any use to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. These statements do not provide tax reporting on private investments. Please continue to rely upon the General Partner or Manager of the investment vehicle for this information or for your Investment Management or Trust account contact your J.P. Morgan team. 2. The 'Capital Called Since Inception USD' and 'Cash/Security distributions Since Inception USD' columns are updated monthly to reflect activity (capital calls and distributions), if any. 3. Hedge funds generally allow subscriptions on a monthly or quarterly basis. An interest in a hedge fund or hedge fund of funds is generally as of the first business day of the subscription period. Due to early funding requirements by the applicable fund, your account may be debited for the subscription amount prior to the subscription date. Please refer to the applicable hedge fund's operative documentation for further details or for your Investment Management or Trust account contact your J.P. Morgan team. Hedge fund redemptions are generally on a monthly, quarterly or annual basis but can sometimes be subject to a multi-year lockup before a redemption is permitted. For redemptions, there is generally a notification period that can be a long interval before the actual redemption date. Redemption proceeds are generally paid 15 calendar days after the final NAV is issued, but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund has been completed. Please refer to the applicable hedge fund's operative documentation for further details or for your Investment Management or Trust account contact your J.P. Morgan team. Global Access Portfolios share certain characteristics with hedge funds. In particular, an investor who withdraws from a Global Access Portfolio will not receive the withdrawal proceeds in their entirety until 30-60 days after completion of the Portfolio's audit, which may be 18 months or longer after the redemption date. Interest might not be paid on any proceeds pending distribution. These restrictions apply even if the investor's account at JPMorgan is closed. The Confidential Private Placement Memorandum and applicable Supplements contain other EFTA01539323 important information about the Global Access Portfolios and are available upon request or for your Investment Management or Trust account contact your J.P. Morgan team. 4. Alternative assets may include publicly available mutual funds that utilize non-traditional investment management strategies, for example, strategies commonly employed by hedge funds. Mutual funds generally calculate the price (the "Net Asset Value" or "NAV") on a daily basis and mutual fund NAVs shown on your statement generally will be the NAV as of the close of the last business day for this statement period. Please refer to the applicable mutual fund prospectus for further details. If the applicable mutual fund is a JPMorgan Fund, please refer to disclosures on this statement concerning 3PMorgan Funds for other important information. Disclosures Page 4 of 4 EFTA01539324