From: US GIO

From: US GIO To: Undisclosed recipients:; Subject: The Ides of March: Navigating portfolios through political change, inflation and sovereign risk Date: Mon, 14 Mar 2011 12:46:18 +0000 Attachments: Clienteall _ US _0315.pdf Three trends in March threaten to interrupt the robust manufacturing recovery taking place in the developed world. The political landscape of North Africa and the Middle East is shifting rapidly. At the same time, European governments are grappling with ongoing sovereign debt challenges in its Periphery. And third, Asian governments are dealing with the risks of overheating. We are pleased to invite you to join us for a special conference call with Michael Cembalest, Chief Investment Officer and Head of Investment Strategy, J.P. Morgan Private Bank, and Vali Nasr, Professor of International Politics at The Fletcher School of Law and Diplomacy. Mr. Nasr, a specialist on political and social developments in the Muslim world, is a Senior Advisor to the U.S. State Department on South Asia. The call is on Tuesday, March 15, at 11:00 a.m. Eastern Time and should last about an hour. You will find additional details for the call below. Please mark your calendar now so that you don't miss what we're sure will be an insightful discussion. If you have a specific question or topic that you would like addressed during the call, please use the e-mail address in the attached invitation and be sure to copy your investor. We hope that you can participate in this important dialogue and look forward to talking with you soon. Tuesday, March 15, 2011 11:00 a.m. — 12:00 noon Eastern Time To listen and view presentation Please go to: http://mediazone.brighttalk.com/eventtlPMorgan/606c90a061-4879-intro?Tl D=US You will hear the audio portion of the call through your computer if the volume is turned on. To listen only U.S. toll-free: 877.804.2965 U.S. toll: 706.902.2073 Conference ID: 48829379 Please submit any questions you would like us to address to: PB Market UpdatePjpmorgan.com To hear the replay A replay will be available March 16—April 16, 2011 U.S. toll-free: 800.642.1687 U.S. toll: 706.645.9291 Replay ID: 48829379 You have been invited to attend a call concerning current market conditions featuring Michael Cembalest, Chief Investment Officer for J.P. Morgan's private clients. By accepting this invitation, you understand that the call is intended for informational purposes only and reflects the opinions of Mr. Cembalest, whose views may differ from those of other J.P. Morgan affiliates. It is not permissible to forward this information to anyone else. The information contained on the call is not intended as a solicitation for any product or service offered by J.P. Morgan or any of its affiliates. The views and strategies discussed may not be suitable for all investors. In the EFTA00906284 U.S., Securities are offered by J.P. Morgan Securities LLC, member FINRA, NYSE, and SIPC. J.P. Morgan Securities LLC is an affiliate of JPMorgan Chase Bank, N.A. Investment products: Not FDIC insured • No bank guarantee • May lose value 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 http://wwwjpmorgan.corn/pages/disclosures/email. EFTA00906285