From: Jeffrey Epstein <[email protected]>

From: Jeffrey Epstein <[email protected]> To: "Barrett, Paul S" Subject: Re: To Do Date: Mon, 24 Oct 2011 15:32:13 +0000 leave corn, switch. ford On Mon, Oct 24, 2011 at 11:29 AM, Barrett, Paul S Hi Jeffrey wrote: We should switch $1.5MM out of our Ford Motor Credit 2015's (ytm 4.37%) into HCA (Hospital Corp of America) 6.550% 2016 ytm 5.90%. We never hedged any of the corn in September. It is now up 10% since then. How do you feel about unwinding half the position up here? We have enough risk on in the portfolio and I would like to fade this recent rally. YTD +$4.4MM 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) 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 EFTA00922819 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 EFTA00922820