EFTA Document EFTA01512190

JPMorgan 0 Private Bank FINANCIAL TRUST COMPANY, INC. Account Number: Q 78805-00-1 August 01, 2007 - August 31, 2007 JP Mapen Sepia& Inc JPMagen Chasegenk NA a the, a/Metespc. lAavan Cothoenealmayptovaleedmoustrahre custodhs sake MO enexn a sharehadhstevoces to JPMorgan Funds. Amer/can CenturyFunds a calabash& sponsored &Nate( a tonged by Med paths end Me Mown Companies Troy be conpansase d tor such mmo& enwanation Of OMAN Ratings: JPMagen uses 1, laamng 'sing system Overweight: Paw the, nets& to Mete months we expect this steal( wi outperfam The average total retum of the stocks in Me shays?", (a the analyea Nana) coverage unease Neutral: ev, me hart sag loaner* means .na maid This sere wrapetm M one mth the *vane Iota , P fig et Me saxes .a ate eneysts (a the analyst's leemNcoverege Genets* uneenveigN: Over the not sA lo lweke months we expect this stock we' undemperfam The average NMI mean of the Naas .n the weals (a !heanalyst} fearrts)caretage inverse Independent Research Ratings: JPMSI does not codas* a OfrateWISOadcp: the InciseendentResearchAmacrresevm eada 'en?: Dtfteterdirm: use a wanetycl tangs ANTS as atlas differentatngs sysbnu to deSCrabOthef tecommenctabons wee a iculitataatrNa systems' descnbeclaboa naPs may use addluvenf reaps system such as as en labso/ufe-wthal system and use sect terms as 1,m." Mad' 'see'. Save At etstveend labaaule'resUgs systems se iltexikenendeVeydffeenf you shOu‘i,eed teendily derWOLS or se ratan used m the JPM$t end RR IOSOSCh that a inaldfld VI the tosowch 430 Fa Ins ,e0s,a, and since the heetech contains Me bests la Me reaps as era as complete inkanaeon concetang Ire anaysts aews )Cu Moue reed caumgy the mateech and no; ,rikr its ccatents horn the retvg store JPVcroan Awed e Ilard‘ us the 0710fisetill; name la the tamale Mang business conducted by J P Morgan Chase & Co thrown es subschae es actwde enckadnd JPIAcrgan Chase Rank NA.. J P Mown Trust Company NA and .0 P Woven &scathes Inc Page 10 of 14 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00038036 SDNY_GM_00307234 EFTA01512190