From: Jeffrey Epstein <[email protected]>

From: Jeffrey Epstein <[email protected]> To: Paul S Barrett Subject: Re: A few things Date: Thu, 09 Dec 2010 14:20:12 +0000 in an hour On Thu, Dec 9, 2010 at 9:18 AM, Paul S Barrett < Jeffrey Did you have a chance to review the below ideas? Also 10yr swap spreads are back to +10. I think we should put the trade on. Are you free to chat? Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank 40W 57th Street, 33rd Floor, New York, NY 10019 (to (F) wrote: From: Paul S Barrett Sent: Monday, December 06, 2010 12:57 PM To: 'Epstein, Jeffrey ([email protected])' Subject: A few things Hi Jeffrey EFTA00899397 Would like to catch up on the following ideas: Removing the Corn collar Buying $3MM of a Philip Morris market plus note that pays a 15% coupon with a 22.30% contingent buffer (18 months) Buying 6 single name stocks that we believe will benefit from the January effect Switching our GM bond exposure into the convert Left you a message. Paul Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank 40W 57th Street, 33rd Floor, New York, NY 10019 212-622-2770 (W) 212-310-0108 (F) This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein EFTA00899398 Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. EFTA00899399