EFTA02413066

To: Jeffrey Epsteinfieevacation©gmail.com] From: Jeffrey M Matusow Sent: Thur 6/17/2010 1:45:05 PM Subject: CHF CHF stronger on statement from SNB that rates can't stay low forever and that they are not going to intervene to keep it weak. We are up $130k on the long CHF position. Let's take profit. It has moved from 1.16 to 1.11 in a week. Euro traded above 1.24 - watching for levels to go short. The dividends are up marginally. Oil above $77 - your positions are up $500k. Jeff Jeffrey M. Matusow JP&1organ Private Bank 140 West 57th Street. 33rd Floor. New York. NY 10019 I S81 IRS Circular 230 Disclosure JPAAorgan Chase & Co and its affiliates do not provide tax advice Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or wntten to be used. and cannot be used. in connection with the promotion. marketing or recommendation by anyone unaffiliated with JPMorgan Chase & Co of any of the matters addressed herein or for the purpose of avadang U.S. tax-related penalties EFTA_R1_01475067 EFTA02413066