From: "Barrett, Paul S"

From: "Barrett, Paul S" To: Jeffrey Epstein <[email protected]> Subject: RE: Ideas Date: Tue, 05 Jul 2011 19:59:08 +0000 The corn — yes we took profits for most people after the big rally in May/June. They are getting back in. Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank 40W 57th Street, 33rd Floor, New York, NY 10019 (W) (F) From: Jeffrey Epstein ([email protected]] Sent: Tuesday, July 05, 2011 3:51 PM To: Barrett, Paul Subject: Re: Ideas ok to both„ but keep in mind this is the postion that you guys suggested months ago. On Tue, Jul 5, 2011 at 3:47 PM, Barrett, Paul S < > wrote: Hi Jeffrey Hope things are well. Left you a message. I. We have around $8MM in cash in the account right now. I think we should buy $2MM of the Wells Fargo Pfd. YTW 6.09%.Qualified Dividend Income. Px of 93.50. 2. Dec2011 corn is off 15%. We had discussed adding back when it was at these levels in April. We still like the story given the tight inventory levels and believe this selloff post the USDA report is overdone. I would add $2MM notional. Let me know. Paul Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank 40W 57th Street, 33rd Floor, New York, NY 10019 (W) (F) EFTA00914696 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 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. copyright -all rights reserved 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 EFTA00914697