EFTA Document EFTA01570180

GHISLAINE MAXWELL PROT0 PROT1 JPMorgan Chase Bank, N.A. GHISLAINE MAXWELL For the Period 1/1/12 to 1/31/12 Asset Account J.P. Morgan Team Paul Morris Jason Bell Janet Young Gina Magliocco Banker Investment Specialist Client Service Team Client Service Team Table of Contents Account Summary Holdings Equity Alternative Assets Cash & Fixed Income Other Assets Portfolio Activity Online access www.jpmorganonline.com Please see disclosures located at the end of this statement package for important information relating to each J.P.Morgan account(s). Page 2 4 12 13 19 20 0000000222.15.0.15.RRRRR.MAXWE04.20120709 Page 1 of 50 PROT2 GHISLAINE MAXWELL ACCT. Account Summary Asset Allocation Equity Alternative Assets Other Market Value Accruals Market Value with Accruals Beginning Market Value 1,414,900.54 44,424.00 3,383,938.21 83,641.54 $4,926,904.29 27,584.20 $4,954,488.49 Ending Market Value 1,123,837.25 189,792.46 7,258,799.86 88,373.68 $8,660,803.25 32,695.68 $8,693,498.93 Current Portfolio Activity Beginning Market Value Contributions Withdrawals & Fees Securities Transferred In Securities Transferred Out Net Contributions/Withdrawals Income & Distributions Change In Investment Value Ending Market Value Accruals Market Value with Accruals Period Value 4,926,904.29 4,972,799.54 (1,522,802.63) 2,449,604.12 (2,347,535.86) $3,552,065.17 9,121.64 172,712.15 PROT3 $8,660,803.25 32,695.68 $8,693,498.93 Change In Value (291,063.29) 145,368.46 3,874,861.65 4,732.14 $3,733,898.96 5,111.48 $3,739,010.44 Year-to-Date Value 4,926,904.29 4,972,799.54 (1,522,802.63) 2,449,604.12 (2,347,535.86) $3,552,065.17 9,121.64 172,712.15 $8,660,803.25 32,695.68 $8,693,498.93 Estimated 46,954.44 58,748.29 $105,702.73 Current Annual Income Allocation 13% 2% 84% 1% 100% Equity Cash & Fixed Income Other Alternative Assets Asset Allocation Page 2 of 50 PROT4 Account Summary Tax Summary Domestic Dividends/Distributions Foreign Dividends Currency Gain/Loss Interest Income Taxable Income Tax-Exempt Income Bond Premium Amortization Tax-Exempt Income CONTINUED Current Period Value 323.22 1,475.44 (42.54) 6,258.62 $8,014.74 1,250.00 (143.10) $1,106.90 Year-to-Date Value 323.22 1,475.44 (42.54) 6,258.62 $8,014.74 1,250.00 (143.10) $1,106.90 Unrealized Gain/Loss To-Date Value ($350,559.41) ST Realized Gain/Loss LT Realized Gain/Loss Realized Gain/Loss Current Period Value 6,075.75 (58,385.84) ($52,310.09) Year-to-Date Value 6,075.75 (58,385.84) ($52,310.09) Cost Summary Equity PROT5 Cost Other Total 1,395,698.82 7,319,020.74 90,364.18 $8,805,083.74 Page 3 of 50 PROT6 Equity Summary Asset Categories US Large Cap Equity US Small/Mid Cap Equity Non-US Equity Preferred Stocks Concentrated & Other Equity Unclassified Total Value Market Value/Cost Market Value Tax Cost Unrealized Gain/Loss Estimated Annual Income Accrued Dividends Yield Beginning Market Value 226,931.66 4,440.00 431,810.63 409,576.00 193,953.50 148,188.75 $1,414,900 54 Ending Market Value 112,244.53 5,940.00 374,029.22 429,082.00 202,541.50 0.00 $1,123,837.25 Current Period Value 1,123,837.25 1,395,698.82 (266,905.87) 46,954.44 7,738.59 4.16% Equity as a percentage of your portfolio - 13 % Change In Value (114,687.13) 1,500.00 (57,781.41) 19,506.00 PROT7 8,588.00 (148,188.75) ($291,063.29) 13% Current Allocation 1% 1% 4% 5% 2% Preferred Stocks US Large Cap Equity US Small/Mid Cap Equity Concentrated & Other Equity Non-US Equity Page 4 of 50 PROT8 GHISLAINE MAXWELL ACCT. Note: P indicates position adjusted for Pending Trade Activity. Unrealized Gain/Loss is shown as "N/A" in cases where we do not have appropriate cost information for all tax lots comprising the position. Please contact your J.P. Morgan team for additional information. Equity Detail Price US Large Cap Equity APACHE CORP AT&T INC 00206R-10-2 T BANK OF AMERICA CORP BB & T CORP 060505-10-4 BAC 0.00 054937-10-7 BBT CITIGROUP INC NEW 172967-42-4 C P COGNIZANT TECHNOLOGY SOLUTIONS CORP CL A 192446-10-2 CTSH E I DU PONT DE NEMOURS & CO E M C CORP MASS KROGER CO 263534-10-9 DD 25.76 268648-10-2 EMC 23.76 501044-10-1 KR 265.000 6,296.40 6,587.16 (290.76) 121.90 1.94% 468.000 12,055.68 12,378.64 (322.96) 50.89 224.000 11,399.36 11,537.62 (138.26) 367.36 PROT9 3.22% 30.72 71.75 358.000 10,997.76 14,048.52 0.00 (3,050.76) 49.44 14.32 0.13% 7.13 944.000 6,730.72 10,148.85 (3,418.13) 98.88 037411-10-5 APA 0.00 440.00 37.76 0.56% 95.000 9,393.60 11,403.30 (2,009.70) 57.00 14.25 0.61% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield Page 5 of 50 PROT10 Price US Large Cap Equity PROSHARES ULTRASHORT S&P 500 PROSHARES TRUST SCHLUMBERGER LTD UNITED TECHNOLOGIES CORP WALT DISNEY CO 74347R-88-3 SDS 38.23 74347X-23-7 QID 75.17 806857-10-8 SLB 78.35 913017-10-9 UTX 38.90 254687-10-6 DIS Total US Large Cap Equity $112,244.53 $169,440.36 ($57,195.83) $1,171.08 $503.69 US Small/Mid Cap Equity GERON CORP 374163-10-3 GERN Non-US Equity AKZO NOBEL N V ISIN NL0000009132/SEDOL 5458314 N01803-90-2 EUR ALLIANZ SE HOLDING ISIN DE0008404005 SEDOL 5231485 D03080-90-6 EUR 110.69 77.000 8,523.38 10,206.94 (1,683.56) 1.04% 229.000 8,908.10 9,015.40 (107.30) 137.40 1.54% 162.000 12,692.70 13,783.83 (1,091.13) 311.04 PROT11 2.45% 113.000 8,494.21 9,524.04 (1,029.83) 124.30 1.46% 200.000 7,646.00 26,203.50 (18,557.50) 17.63 1,000.000 17,630.00 44,809.50 (27,179.50) Quantity Value Original Cost Unrealized Gain/Loss Accrued Div. Yield 1.98 3,000.000 5,940.00 18,129.32 (12,189.32) 52.06 149.000 7,757.08 9,781.64 (2,024.56) Page 6 of 50 PROT12 GHISLAINE MAXWELL ACCT. Price Non-US Equity ATLAS COPCO AB-A SHS ISIN SE0000101032 SEDOL B1QGR41 W10020-92-8 SEK AVIVA PLC ISIN GB0002162385 SEDOL 0216238 G2307K-92-2 GBP BAYER AG REGISTERED SHS ISIN DE000BAY0017 SEDOL 5069211 072733-91-8 EUR CAP GEMINI S A ISIN FR0000125338 SEDOL 4163437 F13587-92-2 EUR CENTRICA ISIN GB00B033F229 SEDOL B033F22 15639K-90-4 GBP CINEWORLD GROUP PLC ISIN GBOOB15FWH70 SEDOL Bl5FWH7 172145-91-4 GBP P COVIDIEN PLC NEW CREDIT SUISSE GROUP AG G2554F-11-3 COV 25.97 ISIN CH0012138530 SEDOL 7171589 H3698D-93-0 CHF ERICSSON LM-B SHS ISIN SE0000108656 SEDOL 5959378 W26049-91-1 SEK GDF SUEZ ISIN FR0010208488 SEDOL BOC2CQ3 36827E-91-4 EUR Page 7 of 50 27.16 289.000 7,850.05 9,914.97 (2,064.92) 9.29 793.000 7,365.88 10,052.84 (2,686.96) 230.000 5,972.60 8,916.46 (2,943.86) PROT13 51.50 0.00 53.10 1.75% 3.37 4,500.000 15,161.11 16,168.92 (1,007.81) 4.63 1,556.000 7,204.28 7,922.75 (718.47) 36.54 217.000 7,928.22 11,437.04 (3,508.82) 70.10 163.000 11,426.67 13,056.92 (1,630.25) 5.51 6,000.000 33,082.24 38,037.94 ** N/A 23.75 442.000 10,495.99 10,669.62 (173.63) Quantity Value Original Cost Unrealized Gain/Loss Accrued Div. Yield PROT14 Price Non-US Equity JFE HOLDINGS INC ISIN JP3386030005 SEDOL 6543792 476990-91-6 JPY MARINE HARVEST ASA ISIN N00003054108 SEDOL B02L486 693045-91-6 NOK MARKS & SPENCER PLC - GBP ISIN GB0031274896 SEDOL 3127489 G5824M-92-5 GBP MARSTON'S PLC ISIN GBOOB1JODM80 SEDOL B1JQDM8 G58512-91-7 GBP MITSUBISHI UFJ FINANCIAL GROUP ISIN JP3902900004 SEDOL 6335171 J44497-92-3 JPY MITSUI & CO ISIN JP3893600001 SEDOL 6597302 J43787-91-0 JPY NISSAN MOTOR CO LTD ISIN JP3672400003 SEDOL 6642860 J57160-91-3 JPY PHILIPS ELECTRONICS N.V. ISIN NL0000009538 SEDOL 5986622 N6983Q-91-5 EUR PPR SA ISIN FR0000121485 SEDOL 5505072 F74953-93-0 EUR 157.48 38.000 5,984.19 6,319.18 (334.99) 20.22 337.000 6,815.77 8,419.17 (1,603.40) 330.86 3.71% 9.43 1,200.000 11,315.41 12,254.65 (939.24) 16.97 500.000 8,485.25 PROT15 8,640.50 (155.25) 4.58 1,400.000 6,407.87 6,697.36 (289.49) 1.53 30,000.000 45,921.24 48,127.99 (2,206.75) 1,747.50 5.16 4,350.000 22,433.24 26,287.24 (3,854.00) 0.54 25,000.000 13,588.00 163,464.66 (149,876.66) Quantity Value Original Cost Unrealized Gain/Loss Accrued Div. Yield 17.84 200.000 3,567.21 5,219.70 (1,652.49) Page 8 of 50 PROT16 Price Non-US Equity QBE INSURANCE GROUP LTD ISIN AU000000QBE9 SEDOL 6715740 Q78063-91-6 AUD RIO TINTO PLC ISIN GB0007188757 SEDOL 0718875 766994-90-9 GBP RSA INSURANCE GROUP PLC ISIN GB0006616899 SEDOL 0661689 G8566X-91-9 GBP SANOFI ISIN FR0000120578 SEDOL 5671735 F5548N-91-1 EUR SCHNEIDER S A ISIN FR0000121972 SEDOL 4834108 F86921-91-7 EUR SHISEIDO COMPANY LIMITED ISIN JP3351600006 SEDOL 6805265 824841-91-0 JPY SOLVAY SA ISIN BE0003470755 SEDOL 4821100 834437-91-5 EUR STANDARD CHARTERED PLC ORD U$ 0.50 ISIN GB0004082847 SEDOL 0408284 G84228-92-6 GBP STORA ENSO OYJ R SHS ISIN FI0009005961 SEDOL 5072673 X21349-90-1 SEOA EUR Page 9 of 50 7.12 933.000 6,644.11 9,050.23 (2,406.12) 24.21 555.000 13,435.04 14,171.09 (736.05) 98.69 77.000 7,599.07 8,750.42 (1,151.35) 18.35 400.000 PROT17 7,339.02 7,325.88 13.14 62.15 164.000 10,193.21 11,096.92 (903.71) 73.92 156.000 11,531.84 11,779.77 (247.93) 1.67 23,800.000 39,811.02 48,596.10 (8,785.08) 60.04 191.000 11,468.56 12,954.00 (1,485.44) 12.18 400.000 4,871.65 7,237.30 (2,365.65) Quantity Value Original Cost Unrealized Gain/Loss Accrued Div. Yield PROT18 Price Non-US Equity SUN HUNG KAI PROPERTIES ISIN HK0016000132 SEDOL 6859927 Y82594-12-1 SHKP HKD VODAFONE GROUP PLC ISIN GBOOB16GWD56 SEDOL B16GWD5 92857W-92-8 GBP Total Non-US Equity $374,029.22 $577,641.01 ($198,656.09) 0.00 601.45 $330.86 $2,402.05 Preferred Stocks CITIGROUP CAPITAL XIII 7 7/8% PFD 173080-20-1 C PNNA /BA1 COUNTRYWIDE CAPITAL V 7% PFD 222388-20-9 CFC PB JPM CHASE CAPITAL XXIX 6.7% PFD 48125E-20-7 JPM PC Total Preferred Stocks 25.72 2,500.000 64,300.00 $429,082.00 62,500.00 $422,578.96 1,800.00 $6,503.04 4,187.50 $31,227.50 $1,837.50 6.51% 7.28% 22.71 4,200.000 95,382.00 98,778.96 (3,396.96) 7,350.00 1,837.50 7.71% 0.07% PROT19 13.85 1,000.000 13,850.02 15,082.81 (1,232.79) Quantity Value Original Cost Unrealized Gain/Loss Accrued Div. Yield 26.94 10,000.000 269,400.00 261,300.00 8,100.00 19,690.00 7.31% Page 10 of 50 PROT20 Price Concentrated & Other Equity GENERAL MOTORS CO CV PFD B 37045V-20-9 GM PB JPMORGAN CHASE & CO 7.9% PFD STK APR 30 2049 DTD 04/23/2008 46625H-HA-1 BBB /BAA Total Concentrated & Other Equity $202,541.50 $207,909.17 ($5,367.67) $14,225.00 $2,995.35 6.99% 108.32 150,000.000 162,481.50 157,909.17 4,572.33 11,850.00 2,995.35 7.25% Quantity Value Original Cost Unrealized Gain/Loss Accrued Div. Yield 40.06 1,000.000 40,060.00 50,000.00 (9,940.00) 2,375.00 5.93% Page 11 of 50 PROT21 Alternative Assets Summary Beginning Hard Assets Estimated Value 44,424.00 Alternative Assets Detail Price Hard Assets BARC CALLABLE PALLDIUM CP NT 05/14/12 LNKD TO PLDMLNPM 7.4% CPN, 20% MAX, 80% BARRIER 05/03/2011 06738K-JA-0 DB X-TRACKERS ISIN LU0292106167 SEDOL B3DYFK4 892352-91-5 ETFS METAL SECURITIES LTD ISIN 3E00B1VS3770 SEDOL BlVS377 131994-91-5 ISHARES SILVER TRUST Total Hard Assets 46428Q-10-9 SLV $189,792.46 $211,234.62 32.28 1,000.000 32,280.00 44,010.03 170.23 301.000 51,237.73 45,068.38 42.19 2,058.000 86,816.73 102,156.21 97.29 20,000.000 19,458.00 20,000.00 Quantity Estimated Value Cost Ending 189,792.46 PROT22 Change In Value 145,368.46 Current Allocation 2% Page 12 of 50 PROT23 Cash & Fixed Income Summary Beginning Cash Non-USD Cash Non-USD Short Term US Fixed Income Non-US Fixed Income Complementary Structured Strategies Total Value Market Value/Cost Market Value Tax Cost Unrealized Gain/Loss Estimated Annual Income Accrued Interest Yield Market Value 1,165,213.57 808,604.77 48,289.02 632,373.50 596,452.35 133,005.00 $3,383,938 21 Ending Market Value 4,877,588.71 885,103.01 0.00 750,979.70 600,733.94 144,394.50 $7,258,799.86 Current Period Value 7,258,799.86 7,319,020.74 (60,220.88) 58,748.29 24,957.09 0.82% Non-USD Cash Change In Value 3,712,375.14 76,498.24 (48,289.02) 118,606.20 PROT24 4,281.59 11,389.50 $3,874,861.65 Current Allocation 56% 10% 9% 7% 2% 84% US Fixed Income Non-US Fixed Income Complementary Structured Strategies Cash Cash & Fixed Income as a percentage of your portfolio 84 % Page 13 of 50 PROT25 SUMMARY BY MATURITY 1 0-6 months 1-5 years' 5-10 years' 10+ years' Total Value 1 SUMMARY BY TYPE Market Value 6,070,779.77 671,175.09 289,369.50 227,475.50 $7,258,799.86 % of Bond Portfolio 85% 9% 3% 3% 100% The years indicate the number of years until the bond is scheduled to mature based on the statement end date. Some bonds may be called, or paid in full, before their stated maturity. Note: A - Bonds purchased at a premium show amortization. 1 Cash & Fixed Income Detail Price Cash US DOLLAR PROCEEDS FROM PENDING SALES 3PM NY MUNI MM FD - MORGAN Total Cash 1.00 [repeated 3 times] 4,858,142.33 19,445.38 1.00 4,858,142.33 19,445.38 1.00 $4,877,588.71 4,858,142.33 19,445.38 PROT26 1.00 $4,877,588.71 $0.00 $485.81 $12.04 0.01% 485.81 12.04 0.01% Quantity Value Original Cost Unrealized Gain/Loss Est. Annual Income Yield Cash NON USD Cash Corporate Bonds Municipal Bonds International Bonds Mutual Funds Complementary Structure Total Value Market Value 4,877,588.71 885,103.01 281,529.50 227,475.50 822,513.70 20,194.94 144,394.50 $7,258,799.86 % of Bond Portfolio 69% 12% 3% 3% 11% 1% 1% 100% This is the Annual Percentage Yield (APY) which is the rate earned if balances remain on deposit for a full year with compounding, there is no change in the interest rate and all interest is left in the account. PROT27 Page 14 of 50 PROT28 Price Non-USD Cash POUND STERLING JAPANESE YEN JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.0000% DATED 01/27/2012 MATURITY 02/03/2012 HELD BY LONDON TREASURY SERVICES JP MORGAN CHASE BANK - CAD LONDON TIME DEPOSITS 0.6100% DATED 01/31/2012 MATURITY 02/07/2012 Total Non-USD Cash $885,103.01 $892,281.17 ($7,178.16) $2,790.99 $30.68 US Fixed Income JPM MANAGED RESERVES C 051398-91-5 GBP ISHARES MARKIT IBOXX CORPORATE BOND ISIN IE00B00FV011 SEDOL BOOFV01 461278-91-3 GBP HSBC FINANCE CORP MEDIUM TERM NOTE 2.9% OCT 15 2015 DTD 10/15/2010 40429X-YB-6 A /A3 GENERAL ELEC CAP CORP MEDIUM TERM FLOATING RATE NOTE MAY 11 2016 DTD 05/11/2007 36962G-2V-5 AA+ /AA2 Page 15 of 50 92.77 50,000.00 46,384.00 45,394.50 989.50 326.39 73.60 2.44% 96.47 100,000.00 96,469.00 100,000.00 (3,531.00) 2,900.00 853.80 3.93% PROT29 10,193.07 192.33 7.54 105.00 76,804.76 20,194.94 79,003.04 19,023.08 (2,198.28) 1,171.86 0.34% 99.72 115,098.80 114,771.70 112,705.79 2,065.91 700.10 1.83 0.62% 1.58 0.01 17.07 349,139.99 784,035.00 1,224,867.03 550,960.01 10,281.83 209,089.47 562,718.31 10,173.02 206,684.05 (11,758.30) 108.81 2,405.42 2,090.89 28.85 1.09% Quantity Value Original Cost Unrealized Gain/Loss Yield PROT30 GHISLAINE MAXWE ACCT. Price US Fixed Income BANK OF AMERICA CORP MEDIUM TERM NOTE 3.6% NOV 15 2016 DTD 11/04/2010 06050W-DW-2 A- /BAA BARCLAYS BANK PLC MEDIUM TERM NOTE 2 2/1% OCT 20 2017 DTD 10/20/2010 06740P-VG-8 NA /AA3 A MI ST MUNI BOND AUTH ST CLEAN WTR REVOLVING FD 5% OCT 01 2026 DTD 11/02/2006 HELD BY DTC BOOK ENTRY ONLY PAR CALL 10/01/2016 @ 100 59455T-PF-3 AAA /AAA A BIRDVILLE TEXAS INDEPENDENT SCHOOL DIST PERM SCH GTD FUND UNLIMITED TAX 5% FEB 15 2029 DTD 01/15/2007 HELD BY DTC BOOK ENTRY ONLY PAR CALL 02/15/2017 @ 100 090874-FV-5 AAA /AAA A MA ST HLTH & EDUCTNL FACS AUTH REVENUE HARVARD UNIV 5% B JUL 15 2032 DTD 08/03/2005 HELD BY DTC BOOK ENTRY ONLY PAR CALL 07/15/2015 @ 100 57586C-FW-0 AAA /AAA Total US Fixed Income $750,979.70 $762,638.96 $763,387.62 ($11,659.26) $22,376.39 $6,369.25 3.43% 110.74 50,000.00 55,372.00 53,855.22 54,040.00 1,516.78 2,500.00 111.10 4.21% 113.95 100,000.00 PROT31 113,951.00 110,123.14 110,503.00 3,827.86 5,000.00 2,305.50 3.87% 116.31 50,000.00 58,152.50 55,239.98 55,424.00 2,912.52 2,500.00 833.30 3.56% 96.65 150,000.00 144,975.00 150,000.00 (5,025.00) 3,750.00 1,051.95 3.14% Quantity Value Original Cost Unrealized Gain/Loss Yield 92.45 150,000.00 138,676.50 150,000.00 (11,323.50) 5,400.00 1,140.00 5.41% Page 16 of 50 PROT32 Price Non-US Fixed Income BLUEBAY HIGH YIELD BD FD GBP HDG-DB ISIN LU0222772518 G13289-92-4 GBP ISHARES BARCLAYS CAPITAL ISIN IE00B1FZSD53 SEDOL B1G52V0 46578W-92-2 GBP INTL BK RECON & DEVELOP - BRL 8 3/4% JUN 15 2012 DTD 08/20/2009 HELD BY EUROCLEAR ISIN:XS0446421157 SEDOL:B435Z93 459058-9B-1 NA /AAA BRL KFW - TRY MTN 9 3/4% JUL 16 2013 DTD 02/10/2010 HELD BY EUROCLEAR ISIN XS0484842470 SEDOL B637YV8 14085A-9A-6 AAA /AAA TRY INTER AMERICAN DEVELOPMENT BANK- INR MEDIUM TERM NOTE 3% MAR 25 2014 DTD 03/25/2010 HELD BY EUROCLEAR ISIN XS0495010562 SEDOL B5114T3 U45818-9G-5 AAA /AAA INR 1.88 6,700,000.00 125,734.21 143,232.17 (17,497.96) 4,065.12 3,476.35 6.70% 57.43 200,000.00 114,853.38 135,555.56 (20,702.18) 11,006.68 6,014.50 8.36% 57.10 90,000.00 51,390.08 50,106.74 1,283.34 4,498.97 2,839.49 PROT33 8.66% 21.50 5,790.00 124,490.38 118,212.32 6,278.06 187.38 187.90 35,207.89 39,293.00 (4,085.11) Quantity Value Original Cost Unrealized Gain/Loss Yield Page 17 of 50 PROT34 Price Non-US Fixed Income INTER AMERICAN DEVEL BK - IDR MEDIUM TERM NOTE 6.50% JUN 04 2014 DTD 06/04/2010 HELD BY EUROCLEAR ISIN XS0513770957 SEDOL B4YWHCO 45818W-9K-4 AAA /AAA IDR Total Non-US Fixed Income $600,733.94 $636,511.90 ($35,777.96) $28,970.10 $18,545.12 Complementary Structured Strategies MS 7YNC1Y STEP-UP NOTE 09/13/17 INITIAL RATE 2.75% CPN WHERE MAX RATE IS 6% PER ANNUM DD 9/8/10 61745E-6Q-9 A- /A2 5.06% Quantity Value Original Cost Unrealized Gain/Loss Yield 0.01 1,300,000,000.00 149,058.00 150,112.11 (1,054.11) 9,399.33 6,214.78 5.33% 96.26 150,000.00 144,394.50 150,000.00 (5,605.50) 4,125.00 Page 18 of 50 PROT35 Other Summary Balanced Beginning 83,641.54 Ending 88,373.68 Change In Value 4,732.14 Current Allocation 1% Current Market Value/Cost Tax Cost Estimated Gain/Loss Other Detail Price Balanced PIMCO FUNDS GLOBAL INVESTORS SERIES - GLOBAL INVESTMENT GRADE CREDIT FUND ISIN IE00B3BMD843 SEDOL B3BMD84 695421-91-7 GBP 20.26 4,361.513 88,373.68 90,364.18 (1,990.50) Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Accruals Period Value 88,373.68 90,364.18 (1,990.50) Page 19 of 50 PROT36 Portfolio Activity Summary - U S Dollar Beginning Cash Balance PRINCIPAL Current Transactions Income INFLOWS 7,598.49 Contributions Foreign Exchange - Inflows Total Inflows OUTFLOWS ** Total Outflows Withdrawals TRADE ACTIVITY Total Trade Activity Settled Sales/Maturities/Redemptions Ending Cash Balance 4,971,970.54 3,169.09 $4,982,738.12 (1,419,530.95) ($1,419,530.95) 129,722.59 $129,722.59 $4,858,142.33 * Year to date information is calculated on a calendar year basis. ** Your account's standing instructions use a HIGH COST method for relieving assets from your position 7,598.49 4,971,970.54 3,169.09 $4,982,738.12 (1,419,530.95) ($1,419,530.95) 129,722.59 $129,722.59 -$0.00 $0.00 Period Value 1,165,212.57 Year-To-Date Value* -INCOME Current Period Value 0.00 PROT37 Year-To-Date Value* -$0.00 $0.00 [repeated 4 times] -Page 20 of 50 PROT38 Portfolio Activity Summary U S Dollar Current Cost Adjustments Amortization Total Cost Adjustments Period Value (143.10) 9,237.41 $9,094.31 Portfolio Activity Detail - U S Dollar INFLOWS & OUTFLOWS Type Settle Date Selection Method 1/3 [repeated 4 times] 1/4 1/6 1/11 Div Domest Div Domest Interest Income Interest Income Description UNION PACIFIC CORP @ 0.60 PER SHARE (ID: 907818-10-8) JOHNSON CONTROLS INC @ 0.18 PER SHARE (ID: 478366-10-7) DEPOSIT SWEEP INTEREST FOR DEC. @ .03% RATE ON NET AVG COLLECTED BALANCE OF $1,109,240.04 AS OF 01/01/12 JPM CHASE CAPITAL XXIX 6.7% PFD @ 0.41875 PER SHARE (ID: 48125E-20-7) Misc Disbursement FUNDS TRANSFERRED FROM PRN A/C# Q52167006 TO MMIA A/C# 00000000002916490721 AS REQUESTED Foreign Dividend Misc Receipt SCHLUMBERGER LTD @ 0.25 PER SHARE (ID: 806857-10-8) TRANSFER FROM SANFORD BERNSTEIN 113.000 0.25 2,500.000 0.419 1,046.88 (1,166,407.29) PROT39 28.25 180,424.00 Page 21 of 50 Quantity Cost 109.000 301.000 Per Unit Amount 0.60 0.18 PRINCIPAL Amount 65.40 54.18 28.26 INCOME Amount Year-To-Date Value* (143.10) 9,237.41 $9,094.31 PROT40 Type 1/17 [repeated 6 times] Div Domest Spot FX Description OCCIDENTAL PETROLEUM CORP @ 0.46 PER SHARE (ID: 674599-10-5) SPOT CURRENCY TRANSACTION - SELL BUY USD SELL AUD EXCHANGE RATE 1.029200000 DEAL 01/13/12 VALUE 01/17/12 (ID: OAUDPR-AA-8) EUR EXCHANGE RATE 1.266400000 DEAL 01/13/12 VALUE 01/17/12 (ID: OEURPR-AA-9) JPY EXCHANGE RATE 77.020000000 DEAL 01/13/12 VALUE 01/17/12 (ID: OJPYPR-AA-9) Misc Disbursement FUNDS TRANSFERRED FROM PRN A/C# Q52167006 TO MMIA A/C# 00000000002916490721 PHONE INSTRUCTIONS FROM CLIENT Municipal Interest MA ST HLTH & EDUCTNL FACS AUTH REVENUE HARVARD UNIV 5% B JUL 15 2032 DTD 08/03/2005 HELD BY DTC BOOK ENTRY ONLY PAR CALL 07/15/2015 @ 100 (ID: 57586C-FW-0) 1/18 1/18 1/25 1/26 1/26 Div Domest WALT DISNEY CO @ 0.60 PER SHARE (ID: 254687-10-6) Misc Disbursement FUNDS TRANSFERRED FROM PRN A/C# Q52167006 TO MMIA A/C# 00000000002916490721 PHONE INSTRUCTIONS FROM CLIENT Spot FX Misc Receipt Misc Receipt EUR EXCHANGE RATE 1.302200000 DEAL 01/23/12 PROT41 VALUE 01/25/12 (ID: OEURPR-AA-9) 1,139,863.05 50,210.82 Page 22 of 50 (69.300) (88.81) 90.24 229.000 0.60 137.40 (36,045.96) 50,000.000 0.025 1,250.00 (217,077.70) (47,055.000) (612.74) 610.95 (1,535.460) (1,982.97) 1,944.51 Quantity Cost Per Unit Amount 144.000 (208.350) (216.26) 0.46 PRINCIPAL Amount 66.24 214.43 INCOME Amount PROT42 Type 1/26 1/26 1/27 1/30 1/31 1/31 Misc Receipt Misc Receipt Spot FX Interest Income Misc Receipt Misc Receipt Total Inflows & Outflows TRADE ACTIVITY Note: Trade Date Settle Date 1/4 1/9 1/4 1/9 1/4 1/9 Description HKD EXCHANGE RATE 7.768100000 DEAL 01/24/12 VALUE 01/27/12 (ID: OHKDPR-AA-4) CITIGROUP CAPITAL XIII 7 7/8% PFD @ 0.492188 PER SHARE (ID: 173080-20-1) 10,000.000 0.492 4,921.88 49.36 42.50 $3,563,207.17 (2,400.000) (309.23) Quantity Cost Per Unit Amount PRINCIPAL PROT43 Amount 131.20 3,601,249.61 308.96 INCOME Amount L indicates Long Term Realized Gain/Loss Type S indicates Short Term Realized Gain/Loss Selection Method Description Sale High Cost Sale High Cost Sale High Cost CHEVRON CORP @ 109.5906 12,712.51 BROKERAGE 6.96 TAX &/OR SEC .25 J.P. MORGAN SECURITIES LLC (ID: 166764-10-0) TIME WARNER INC NEW @ 36.08 10,463 20 BROKERAGE 17.40 TAX &/OR SEC .21 J.P. MORGAN SECURITIES LLC (ID: 887317-30-3) WELLS FARGO & CO @ 28.25 13,503.50 BROKERAGE 28.68 TAX &/OR SEC .26 J.P. MORGAN SECURITIES LLC (ID: 949746-10-1) Page 23 of 50 (478.000) 28.189 13,474.56 (13,224.13) 250.43 S (290.000) 36.019 10,445.59 (10,196.64) 248.95 S Quantity (116.000) Per Unit Amount 109.528 Proceeds 12,705.30 Tax Cost (11,819.95) Realized Gain/Loss 885.35 S PROT44 Trade Date Settle Date 1/11 1/17 1/11 1/17 1/11 1/17 1/19 1/24 1/23 1/26 1/23 1/26 1/23 1/26 Type Sale High Cost Sale High Cost Sale High Cost Sale High Cost Sale High Cost Sale High Cost Sale High Cost BB & T CORP @ 26.75038 8,265.87 BROKERAGE 18.54 TAX &/OR SEC .16 J.P. MORGAN SECURITIES LLC (ID: 054937-10-7) OCCIDENTAL PETROLEUM CORP @ 96.73 13,929.12 BROKERAGE 8.64 TAX &/OR SEC .27 J.P. MORGAN SECURITIES LLC (ID: 674599-10-5) QUALCOMM INC @ 55.70 9,803.20 BROKERAGE 10.56 TAX &/OR SEC .19 J.P. MORGAN SECURITIES LLC (ID: 747525-10-3) BROADCOM CORP CL A @ 34.68066 8,670.17 BROKERAGE 15.00 TAX &/OR SEC .17 J.P. MORGAN SECURITIES LLC (ID: 111320-10-7) AT&T INC @ 30.51 30,510.00 BROKERAGE 60.00 TAX &/OR SEC .59 J.P. MORGAN SECURITIES LLC (ID: 00206R-10-2) JOHNSON CONTROLS INC @ 31.40 9,451.40 BROKERAGE PROT45 18.06 TAX &/OR SEC .19 J.P. MORGAN SECURITIES LLC (ID: 478366-10-7) RESEARCH IN MOTION LIMITED @ 15.81 12,648.00 BROKERAGE 48.00 TAX &/OR SEC .25 J.P. MORGAN SECURITIES LLC (ID: 760975-10-2) Total Settled Sales/Maturities/Redemptions $129,722.59 ($187,291.31) ($58,385.84) L $817.12 S (800.000) 15.75 12,599.75 (69,825.00) (57,225.25) L (301.000) 31.339 9,433.15 (11,324.21) (1,891.06) S (1,000.000) 30.449 30,449.41 (31,610.00) (1,160.59) L (250.000) 34.62 8,655.00 (8,276.78) 378.22 S (176.000) 55.639 9,792.45 (9,237.41) 555.04 S (144.000) 96.668 13,920.21 (13,653.98) 266.23 S Quantity (309.000) Per Unit Amount 26.69 Proceeds 8,247.17 Tax Cost (8,123.21) Realized Gain/Loss PROT46 123.96 S Page 24 of 50 PROT47 Trade Date Type Est. Settle Date Selection Method Description Pending Sales, Maturities, Redemptions Sale 1/27 2/1 1/27 2/1 Sale COVIDIEN PLC NEW (ID: G2554F-11-3) COGNIZANT TECHNOLOGY SOLUTIONS CORP CL A (ID: 192446-10-2) Total Pending Sales, Maturities, Redemptions Quantity (236.000) (102.000) Per Unit Amount 51.658 71.32 Proceeds 12,177.00 7,268.38 $19,445.38 Tax Cost (11,860.03) (7,275.16) ($19,135.19) Realized Gain/Loss 316.97 S (6.78) S $310.19 S COST ADJUSTMENTS Settle Date 1/4 1/17 Type Cost Basis Adj Amortization Description QUALCOMM INC COST BASIS ADJUSTMENT (ID: 747525-10-3) MA ST HLTH & EDUCTNL FACS AUTH REVENUE HARVARD UNIV 5% B JUL 15 2032 DTD 08/03/2005 HELD BY DTC BOOK ENTRY ONLY PAR CALL 07/15/2015 @ 100 MUNICIPAL BOND PREMIUM AMORTIZATIO (ID: 57586C-FW-0) PROT48 Total Cost Adjustments $9,094.31 Quantity 176.000 50,000.000 Cost Basis Adjustments 9,237.41 (143.10) Page 25 of 50 PROT49 Portfolio Activity Summary - Australia Dollar PRINCIPAL US Dollar Value Current Transactions INFLOWS Total Inflows Contributions OUTFLOWS ** Total Outflows Foreign Exchange - Outflows INCOME Current Transactions Period Value --Year-To-Date Value* --Local Value Current Period Value 0.00 0.00 Year-To-Date Value* --Period Value -216.26 $216.26 (214.43) ($214.43) -Year-To-Date Value* -216.26 $216.26 (214.43) ($214.43) -Local PROT50 Value Current Period Value 0.00 208.35 208.35 (208.35) (208.35) 0.00 Year-To-Date Value* -208.35 208.35 (208.35) (208.35) -Page 26 of 50 PROT51 Portfolio Activity Detail - Australia Dollar Per Unit Type 1/4 1/17 Misc Receipt Spot FX Description REP: AUD RECEIVED FROM GHISLAINE MAXWELL AUSTRALIAN DOLLAR (ID: OAUDPR-AA-8) AUD EXCHANGE RATE 1.029200000 DEAL 01/13/12 VALUE 01/17/12 (ID: OAUDPR-AA-8) $1.83 ($1.83) Quantity 208.350 214.430 Amount USD Local Value PRINCIPAL Amount USD Local Value 216.26 208.35 (214.43) (208.35) (1.83) INCOME Amount USD Local Value Currency Gain/Loss USD Page 27 of 50 PROT52 Portfolio Activity Summary - Canadian Dollar PRINCIPAL Current Transactions INFLOWS Total Inflows Income OUTFLOWS ** Total Outflows Withdrawals INCOME Current Transactions Period Value --Year-To-Date Value* --Local Value Current Period Value 0.00 0.00 Year-To-Date Value* --Period Value -64.20 $64.20 (64.20) ($64.20) -Year-To-Date Value* -64.20 $64.20 (64.20) ($64.20) -Local PROT53 Value Current Period Value 0.00 65.26 65.26 (65.26) (65.26) 0.00 Year-To-Date Value* -65.26 65.26 (65.26) (65.26) -Page 28 of 50 PROT54 Portfolio Activity Detail - Canadian Dollar Per Unit Type 1/9 Foreign Interest Description JP MORGAN CHASE BANK - CAD LONDON TIME DEPOSITS 0.6600% DATED 12/30/2011 MATURITY 01/09/2012 (ID: 2526X9-9Q-1) 1/9 1/9 Misc Disbursement REP: ROLLOVER TO TIME DEPOSIT CANADIAN DOLLAR (ID: OCADPR-AA-6) Free Delivery High Cost 1/9 Receipt of Assets 0.6600% DATED 12/30/2011 MATURITY 01/09/2012 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2526X9-9Q-1) 0.6600% DATED 01/09/2012 MATURITY 01/17/2012 (ID: 2527A9-9Y-7) 1/17 0.6600% DATED 01/09/2012 MATURITY 01/17/2012 (ID: 2527A9-9Y-7) 1/17 1/17 Misc Disbursement REP: ROLLOVER TO TIME DEPOSIT CANADIAN DOLLAR (ID: OCADPR-AA-6) Free Delivery High Cost 0.6600% DATED 01/09/2012 MATURITY 01/17/2012 (ID: 2527A9-9Y-7) (16.870) (115,054.630) (16.46) (16.87) 115,054.630 PROT55 16.46 16.87 115,054.630 (21.090) (115,033.540) (20.59) (21.09) Quantity 115,033.540 Amount USD Local Value PRINCIPAL Amount USD Local Value 20.59 21.09 INCOME Amount USD Local Value Currency Gain/Loss USD Page 29 of 50 PROT56 Per Unit Type 1/17 Description 0.6100% DATED 01/17/2012 MATURITY 01/24/2012 (ID: 2527E9-9K-3) 1/24 0.6100% DATED 01/17/2012 MATURITY 01/24/2012 (ID: 2527E9-9K-3) 1/24 1/24 Misc Disbursement REP: ROLLOVER TO TIME DEPOSIT CANADIAN DOLLAR (ID: OCADPR-AA-6) Free Delivery High Cost 1/24 0.6100% DATED 01/17/2012 MATURITY 01/24/2012 (ID: 2527E9-9K-3) 0.6100% DATED 01/24/2012 MATURITY 01/31/2012 (ID: 2527H9-9B-0) 1/31 0.6100% DATED 01/24/2012 MATURITY 01/31/2012 (ID: 2527H9-9B-0) 1/31 1/31 Misc Disbursement REP: ROLLOVER TO TIME DEPOSIT CANADIAN DOLLAR (ID: OCADPR-AA-6) Free Delivery High Cost 0.6100% DATED 01/24/2012 MATURITY 01/31/2012 (ID: 2527H9-9B-0) PROT57 (13.650) (115,085.150) (13.59) (13.65) 115,085.150 13.59 13.65 115,085.150 (13.650) (115,071.500) (13.56) (13.65) 115,071.500 13.56 13.65 Quantity 115,071.500 Amount USD Local Value PRINCIPAL Amount USD Local Value INCOME Amount USD Local Value Currency Gain/Loss USD Page 30 of 50 PROT58 Per Unit Type 1/31 Description 0.6100% DATED 01/31/2012 MATURITY 02/07/2012 (ID: 2527L9-9H-2) $0.00 Quantity 115,098.800 Amount USD Local Value PRINCIPAL Amount USD Local Value INCOME Amount USD Local Value Currency Gain/Loss USD Page 31 of 50 PROT59 Portfolio Activity Summary - Euro PRINCIPAL Current Transactions Income INFLOWS Total Inflows OUTFLOWS ** Tax Payments Foreign Exchange - Outflows Total Outflows Period Value -118.42 $118.42 (29.61) (2,034.75) ($2,064.36) -Year-To-Date Value* -118.42 $118.42 (29.61) (2,034.75) ($2,064.36) -Local Value Current Period Value 1,535.46 92.40 92.40 (23.10) (1,604.76) (1,627.86) 0.00 Year-To-Date Value* -92.40 92.40 (23.10) (1,604.76) (1,627.86) -Page PROT60 32 of 50 PROT61 Portfolio Activity Summary - Euro INCOME Current Transactions Current Total Cost Adjustments Period Value 25,835.27 $25,835.27 Year-To-Date Value* 25,835.27 $25,835.27 Local Value Current Period Value 18,995.12 18,995.12 Year-To-Date Value* 18,995.12 18,995.12 Period Value --Year-To-Date Value* --Local Value Current Period Value 0.00 0.00 Year-To-Date Value* --Page 33 of 50 PROT62 Portfolio Activity Detail - Euro Per Unit Type 1/17 1/19 1/19 1/25 Spot FX FGN Tax Withheld Spot FX COST ADJUSTMENTS - Euro Cost Basis Settle Date 1/4 Type Cost Basis Adj Total Cost Adjustments (USD) Description PPR SA ISIN FR0000121485 SEDOL 5505072 COST BASIS ADJUSTMENT (ID: F74953-93-0) SCHNEIDER S A ISIN FR0000121972 SEDOL 4834108 COST BASIS ADJUSTMENT (ID: F86921-91-7) PHILIPS ELECTRONICS N.V. ISIN NL0000009538 SEDOL 5986622 COST BASIS ADJUSTMENT (ID: N6983Q-91-5) $25,835.27 Page 34 of 50 Quantity 38.000 164.000 337.000 Adjustments USD Local Value 6,319.18 4,646.11 11,096.92 8,158.90 8,419.17 6,190.11 Description PROT63 EUR EXCHANGE RATE 1.266400000 DEAL 01/13/12 VALUE 01/17/12 (ID: OEURPR-AA-9) SOLVAY SA ISIN BE0003470755 SEDOL 4821100 @ 1.20 PER SHARE (ID: 834437-91-5) SOLVAY SA ISIN BE0003470755 SEDOL 4821100 TAX WITHHELD BELGIUM 25.00% (ID: OEURPR-AA-9) EUR EXCHANGE RATE 1.302200000 DEAL 01/23/12 VALUE 01/25/12 (ID: OEURPR-AA-9) ($1,945.94) ($37.03) 77.000 (23.100) 90.240 1.538 1.20 118.42 92.40 (29.61) (23.10) (90.24) (69.30) 1.43 Quantity 1,944.510 Amount USD Local Value PRINCIPAL Amount USD Local Value (1,944.51) (1,535.46) INCOME Amount USD Local Value Currency Gain/Loss USD (38.46) PROT64 Portfolio Activity Summary - Hong Kong Dollar PRINCIPAL Current Transactions INFLOWS Total Inflows Income OUTFLOWS ** Total Outflows Foreign Exchange - Outflows INCOME Current Transactions Period Value --Year-To-Date Value* --Local Value Current Period Value 0.00 0.00 Year-To-Date Value* --Period Value -309.23 $309.23 (308.96) ($308.96) -Year-To-Date Value* -309.23 $309.23 (308.96) ($308.96) -Local PROT65 Value Current Period Value 0.00 2,400.00 2,400.00 (2,400.00) (2,400.00) 0.00 Year-To-Date Value* -2,400.00 2,400.00 (2,400.00) (2,400.00) -Page 35 of 50 PROT66 Portfolio Activity Detail - Hong Kong Dollar Per Unit Type 1/19 1/27 Spot FX Description SUN HUNG KAI PROPERTIES ISIN HK0016000132 SEDOL 6859927 @ 2.40 PER SHARE (ID: Y82594-12-1) HKD EXCHANGE RATE 7.768100000 DEAL 01/24/12 VALUE 01/27/12 (ID: OHKDPR-AA-4) $0.27 ($0.27) Quantity 1,000.000 308.960 Amount USD Local Value 0.309 2.40 PRINCIPAL Amount USD Local Value 309.23 2,400.00 (308.96) (2,400.00) (0.27) INCOME Amount USD Local Value Currency Gain/Loss USD Page 36 of 50 PROT67 Portfolio Activity Summary - Japanese Yen PRINCIPAL Current Transactions Contributions INFLOWS Total Inflows OUTFLOWS ** Total Outflows Foreign Exchange - Outflows TRADE ACTIVITY Total Trade Activity Period Value -612.74 $612.74 (610.95) ($610.95) Settled Sales/Maturities/Redemptions 10,173.02 $10,173.02 -Year-To-Date Value* -612.74 $612.74 (610.95) ($610.95) 10,173.02 $10,173.02 -Local Value Current Period Value 0.00 47,055.00 47,055.00 (47,055.00) (47,055.00) 784,035.00 Year-To-Date Value* PROT68 -47,055.00 47,055.00 (47,055.00) (47,055.00) 784,035.00 784,035.00 -Page 37 of 50 PROT69 Portfolio Activity Summary - Japanese Yen INCOME Current Transactions Portfolio Activity Detail - Japanese Yen Per Unit Type 1/11 1/17 Misc Receipt Spot FX Description REP: JPY RECEIVED FROM GHISLAINE MAXWELL JAPANESE YEN AS OF 01/10/12 (ID: OJPYPR-AA-9) JPY EXCHANGE RATE 77.020000000 DEAL 01/13/12 VALUE 01/17/12 (ID: OJPYPR-AA-9) $1.79 ($1.79) Quantity 47,055.000 610.950 Amount USD Local Value PRINCIPAL Amount USD Local Value 612.74 47,055.00 (610.95) (47,055.00) (1.79) INCOME Amount USD Local Value Currency Gain/Loss USD Period Value --Year-To-Date Value* PROT70 --Local Value Current Period Value 0.00 0.00 Year-To-Date Value* --Page 38 of 50 PROT71 TRADE ACTIVITY - Japanese Yen Note: Trade Date Settle Date 1/20 1/25 Type Sale High Cost JAPAN TOBACCO INC ISIN JP3726800000 SEDOL 6474535 (ID: J27869-91-6) Quantity (2.000) S indicates Short Term Realized Gain/Loss Per Unit Amount USD Local Value 5,086.51 393,000.00 Proceeds USD Local Value 10,173.02 784,035.00 Tax Cost USD Realized Local Value Gain/Loss USD (8,930.02) (685,646.76) 1,243.00 S Page 39 of 50 PROT72 Portfolio Activity Summary - Norwegian Krone PRINCIPAL Current Transactions Income INFLOWS Total Inflows OUTFLOWS ** Total Outflows Withdrawals TRADE ACTIVITY Total Trade Activity Period Value -77.08 $77.08 (103,037.48) ($103,037.48) 102,960.95 $102,960.95 -Year-To-Date Value* -77.08 $77.08 (103,037.48) ($103,037.48) 102,960.95 $102,960.95 -Local Value Current Period Value 0.00 457.08 457.08 (592,609.74) (592,609.74) 592,152.66 592,152.66 0.00 Year-To-Date Value* -457.08 PROT73 457.08 (592,609.74) (592,609.74) 592,152.66 592,152.66 -Page 40 of 50 PROT74 Portfolio Activity Summary - Norwegian Krone INCOME Current Transactions Portfolio Activity Detail - Norwegian Krone Per Unit Type 1/4 Description JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 0.7500% DATED 12/28/2011 MATURITY 01/04/2012 (ID: 2526W9-9P-4) 1/4 1/4 Misc Disbursement REP: ROLLOVER TO TIME DEPOSIT NORWEGIAN KRONE (ID: ONOKPR-AA-1) Free Delivery High Cost JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 0.7500% DATED 12/28/2011 MATURITY 01/04/2012 (ID: 2526W9-9P-4) (92.200) (632,257.290) (15.59) (92.20) Quantity 632,257.290 Amount USD Local Value PRINCIPAL Amount USD Local Value 15.59 92.20 INCOME Amount USD Local Value Currency PROT75 Gain/Loss USD Period Value --Year-To-Date Value* --Local Value Current Period Value 0.00 0.00 Year-To-Date Value* --Page 41 of 50 PROT76 Per Unit Type 1/4 Description JP MORGAN CHASE BANK - NOK LONDON 0.4500% DATED 01/04/2012 MATURITY (ID: 2526Z9-9H-9) 1/9 Free Delivery High Cost 1/9 0.0000% DATED 12/30/2011 MATURITY (ID: 2526Y9-9G-2) 0.5500% DATED 01/09/2012 MATURITY (ID: 252769-9P-5) 1/13 0.4500% DATED 01/04/2012 MATURITY (ID: 2526Z9-9H-9) 1/13 1/13 Misc Disbursement Free Delivery High Cost 1/13 0.4500% DATED 01/04/2012 MATURITY (ID: 2526Z9-9H-9) 0.8500% DATED 01/13/2012 MATURITY (ID: 2527E9-9B-3) 632,420.630 (71.140) (632,349.490) TIME DEPOSITS 01/13/2012 CLIENT REF FTD TIME DEPOSITS 01/09/2012 CLIENT REF FTD TIME DEPOSITS 01/17/2012 CLIENT REF FTD TIME DEPOSITS 01/13/2012 REP: ROLLOVER TO TIME DEPOSIT NORWEGIAN KRONE TIME DEPOSITS 01/13/2012 CLIENT REF FTD TIME DEPOSITS 01/20/2012 CLIENT REF FTD PROT77 (11.85) (71.14) 632,349.490 11.85 71.14 592,152.660 (592,152.660) Quantity 632,349.490 Amount USD Local Value PRINCIPAL Amount USD Local Value INCOME Amount USD Local Value Currency Gain/Loss USD Page 42 of 50 PROT78 Per Unit Type 1/17 Description 0.5500% DATED 01/09/2012 MATURITY (ID: 252769-9P-5) 1/20 0.8500% DATED 01/13/2012 MATURITY (ID: 2527E9-9B-3) 1/20 1/20 Misc Disbursement REP: Free Delivery High Cost 1/20 0.8500% DATED 01/13/2012 MATURITY (ID: 2527E9-9B-3) 0.9500% DATED 01/20/2012 MATURITY (ID: 2527G9-9T-2) 1/27 0.9500% DATED 01/20/2012 MATURITY (ID: 2527G9-9T-2) 1/27 1/27 Misc Disbursement Misc Disbursement (116.840) (592,225.030) (20.09) (116.84) TIME DEPOSITS 01/17/2012 TIME DEPOSITS 01/20/2012 ROLLOVER TO TIME DEPOSIT NORWEGIAN KRONE TIME DEPOSITS 01/20/2012 CLIENT REF FTD TIME DEPOSITS 01/27/2012 CLIENT REF FTD TIME DEPOSITS 01/27/2012 REP: ROLLOVER TO TIME DEPOSIT NORWEGIAN KRONE INCREASE IN TIME DEPOSIT NORWEGIAN KRONE PROT79 (102,972.32) (592,225.03) 0.23 (0.23) 632,525.160 20.09 116.84 632,525.160 (104.530) (632,420.630) (17.63) (104.53) (0.55) 632,420.630 17.63 104.53 Quantity 592,152.660 Amount USD Local Value PRINCIPAL Amount USD Local Value 11.92 72.37 INCOME Amount USD Local Value Currency Gain/Loss USD Page 43 of 50 PROT80 Per Unit Type 1/27 Free Delivery High Cost 1/27 Description 0.9500% DATED 01/20/2012 MATURITY (ID: 2527G9-9T-2) 1.0000% DATED 01/27/2012 MATURITY (ID: 2527K9-9B-6) TRADE ACTIVITY - Norwegian Krone Per Unit Trade Date Settle Date 1/17 1/17 Type Settled Sales/Maturities/Redempti Sale High Cost Quantity 0.5500% DATED 01/09/2012 MATURITY (ID: 252769-9P-5) Amount USD Local Value 17.40 100.00 Proceeds USD Local Value 102,960.95 592,152.66 Tax Cost USD Realized Local Value Gain/Loss USD (102,960.95) (592,152.66) ($102,960.40) TIME DEPOSITS 01/27/2012 CLIENT REF FTD TIME DEPOSITS 1,224,867.030 02/03/2012 CLIENT REF FTD ons TIME DEPOSITS (592,152.660) 01/17/2012 CLIENT REF FTD PROT81 ($0.55) Quantity (632,525.160) Amount USD Local Value PRINCIPAL Amount USD Local Value INCOME Amount USD Local Value Currency Gain/Loss USD Page 44 of 50 PROT82 Portfolio Activity Summary - Pound Sterling PRINCIPAL Current Transactions Income INFLOWS Total Inflows OUTFLOWS ** Withdrawals Tax Payments Total Outflows TRADE ACTIVITY Total Trade Activity Period Value -1,139.86 $1,139.86 (93.65) (46.74) ($140.39) 532,425.39 $532,425.39 -Year-To-Date Value* -1,139.86 $1,139.86 (93.65) (46.74) ($140.39) 532,425.39 $532,425.39 -Local Value Current Period Value 18,773.51 741.18 741.18 (60.73) (29.97) (90.70) 329,716.00 329,716.00 PROT83 349,139.99 Year-To-Date Value* -741.18 741.18 (60.73) (29.97) (90.70) 329,716.00 329,716.00 -Page 45 of 50 PROT84 Portfolio Activity Summary - Pound Sterling INCOME Current Transactions Current Total Cost Adjustments Period Value 19,023.08 $19,023.08 Year-To-Date Value* 19,023.08 $19,023.08 Local Value Current Period Value 12,117.00 12,117.00 Year-To-Date Value* 12,117.00 12,117.00 Period Value --Year-To-Date Value* --Local Value Current Period Value 0.00 0.00 Year-To-Date Value* --Page 46 of 50 PROT85 Portfolio Activity Detail - Pound Sterling Per Unit Type 1/9 Description JP MORGAN CHASE BANK - GBP LONDON TIME DEPOSITS 0.3000% DATED 12/30/2011 MATURITY 01/09/2012 (ID: 2526Y9-9A-5) 1/9 Misc Disbursement REP: ROLLOVER TO TIME DEPOSIT POUND STERLING (ID: OGBPPR-AA-9) Free Delivery High Cost 1/9 BLUEBAY HIGH YIELD BD FD GBP HDG-DB ISIN LU0222772518 @ 1.936 PER SHARE (ID: G13289-92-4) 0.3000% DATED 12/30/2011 MATURITY 01/09/2012 (ID: 2526Y9-9A-5) 0.3000% DATED 01/09/2012 MATURITY 01/17/2012 (ID: 252769-9H-3) 1/13 1/13 1/17 FGN Tax Withheld MARKS & SPENCER PLC - GBP ISIN GB0031274896 SEDOL 3127489 @ 0.068889 PER SHARE (ID: G5824M-92-5) MARKS & SPENCER PLC - GBP ISIN GB0031274896 SEDOL 3127489 TAX WITHHELD UNITED KINGDOM 10.00% (ID: OGBPPR-AA-9) 0.3000% DATED 01/09/2012 MATURITY 01/17/2012 (ID: 252769-9H-3) Page 47 of 50 PROT86 295,564.850 29.70 19.43 (29.970) (46.74) (29.97) 4,350.000 0.106 0.069 459.06 299.67 295,564.850 (24.290) 187.898 (295,540.560) 2.983 1.936 (37.42) (24.29) 560.48 363.77 (0.47) Quantity 295,540.560 Amount USD Local Value PRINCIPAL Amount USD Local Value 37.42 24.29 INCOME Amount USD Local Value Currency Gain/Loss USD PROT87 Per Unit Type 1/17 1/17 Description Misc Disbursement REP: ROLLOVER TO TIME DEPOSIT POUND STERLING (ID: OGBPPR-AA-9) Free Delivery High Cost 1/17 0.3000% DATED 01/09/2012 MATURITY 01/17/2012 (ID: 252769-9H-3) 0.3000% DATED 01/17/2012 MATURITY 01/24/2012 (ID: 2527E9-9V-9) 1/24 0.3000% DATED 01/17/2012 MATURITY 01/24/2012 (ID: 2527E9-9V-9) 1/24 1/24 Misc Disbursement REP: ROLLOVER TO TIME DEPOSIT POUND STERLING (ID: OGBPPR-AA-9) Free Delivery High Cost 1/24 0.3000% DATED 01/17/2012 MATURITY 01/24/2012 (ID: 2527E9-9V-9) 0.3000% DATED 01/24/2012 MATURITY 01/31/2012 (ID: 2527H9-9J-3) 1/31 0.3000% DATED 01/24/2012 MATURITY 01/31/2012 (ID: 2527H9-9J-3) PROT88 $999.47 Page 48 of 50 ($1.07) 295,601 290 26.67 17.01 295,601.290 (17.010) (295,584.280) (26.53) (17.01) 295,584.280 26.53 17.01 295,584.280 Quantity (19.430) (295,564.850) Amount USD Local Value PRINCIPAL Amount USD Local Value (29.70) (19.43) INCOME Amount USD Local Value Currency Gain/Loss USD (0.60) PROT89 TRADE ACTIVITY - Pound Sterling S indicates Short Term Realized Gain/Loss Note: Per Unit Trade Date Settle Date 1/20 1/25 1/20 1/25 1/31 1/31 Type Sale High Cost Sale High Cost Sale High Cost DRAX GROUP PLC ISIN GBOOB1VNSX38 SEDOL BlVNSX3 (ID: G2904K-92-9) UNILEVER PLC ISIN GBOOB1ORZP78 SEDOL B1ORZP7 (ID: 904767-91-0) (ID: 2527H9-9J-3) Total Settled Sales/Maturities/Redemptions (USD) $532,425.39 ($528,719.95) $3,705.44 S Quantity (5,300.000) (299.000) JP MORGAN CHASE BANK - GBP LONDON TIME DEPOSITS (295,601.290) 0.3000% DATED 01/24/2012 MATURITY 01/31/2012 Amount USD Local Value 8.169 5.293 31.73 20.56 162.30 100.00 Proceeds USD Local Value 43,293.34 27,982.64 9,487.23 PROT90 6,132.07 479,644.82 295,601.29 Tax Cost USD Realized Local Value Gain/Loss USD (39,607.69) (24,480.17) (9,467.44) (5,837.81) (479,644.82) (295,601.29) 3,685.65 S 19.79 S COST ADJUSTMENTS - Pound Sterling Cost Basis Settle Date 1/4 Type Cost Basis Adj Description ISHARES MARKIT IBOXX CORPORATE BOND ISIN IE00B00FV011 SEDOL BOOFV01 COST BASIS ADJUSTMENT (ID: 461278-91-3) Quantity 105.000 Adjustments USD Local Value 19,023.08 12,117.00 Page 49 of 50 PROT91 Settled Foreign Exchange Contracts Currency Trade Date Settle Date Counter Currency Trade Related AUSTRALIA DOLLAR U S DOLLAR EURO U S DOLLAR JAPANESE YEN U S DOLLAR EURO U S DOLLAR HONG KONG DOLLAR U S DOLLAR Jan. 13 12 Jan. 17 12 Jan. 13 12 Jan. 17 12 Jan. 13 12 Jan. 17 12 Jan. 23 12 Jan. 25 12 Jan. 24 12 Jan. 27 12 AUD USD EUR USD JPY USD EUR USD HKD USD (208.35) 214.43 (1,535.46) 1,944.51 (47,055.00) 610.95 (69.30) 90.24 (2,400.00) 308.96 1.029200 1.266400 77.020000 1.302200 PROT92 7.768100 1.037965 1.291450 76.794399 1.281530 7.761213 214.43 1,944.51 610.95 90.24 308.96 (216.26) (1,982.97) (612.74) (88.81) (309.23) (1.83) (38.46) (1.79) 1.43 (0.27) Amount Counter Amount Contract Rate Revaluation Rate Contracted Base Amount USD Revalued Amount USD Currency G/L Page 50 of 50 PROT93 For your convenience we have combined statement(s) for activity you conduct through J.P. Morgan in one package. Below are important disclosures relating to these different accounts. These statements may relate to various account types. Some of the disclosures are applicable to all of your accounts. For ease of reference the disclosures applicable to a particular type of account have been grouped together by descriptive headers. IMPORTANT GENERAL INFORMATION APPLICABLE TO ALL OF YOUR ACCOUNT(S) Important Information about Pricing ,Valuations, Estimated Annual Income, and Estimated Yield Market value information (including without limitation, prices, exchange rates, accrued income and bond ratings) furnished herein, some of which has been provided by pricing sources that J.P. Morgan believes to be reliable, is not guaranteed for accuracy but provided for informational purposes and is furnished for the exclusive use of the client. The current price is the value of the financial asset share, unit or contract as priced at the close of the market on the last day of the statement period or the last available price. All values provided for structured yield deposits (for example, JPMorgan London Time Deposits) reflect the original deposit amount only. The value for Real Estate, Mineral Interests and Miscellaneous Assets may not reflect the most current value of the asset. Important information regarding Auction Rate Securities (ARS). ARS are debt or preferred securities with an interest or dividend rate reset periodically in an auction. Although there may be daily, weekly and monthly resets, there is no guarantee that there will be liquidity. If there are not enough bids at an auction to redeem the securities available for sale, the result may be a failed auction. In the event of a failed auction, there is no assurance that a secondary market will develop or that the security will trade at par or any other price reflected on statements and online. Accordingly, investors should not rely on pricing information appearing in their statements or online with respect to ARS. When J.P. Morgan is unable to obtain a price from an internal or outside source for a particular ARS, the price column on your statement will indicate "unpriced". Valuations of over-the-counter derivative transactions, including certain derivatives-related deposit products, have been prepared on a mid-market basis. These valuations are sourced from the various issuers of the securities or they are sourced from a third party valuation provider. J.P. Morgan expressly disclaims any responsibility for (1) the accuracy of the models or estimates used in deriving the valuations, (2) any errors or omissions in computing or disseminating the valuations, and (3) any uses to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. Please refer to the trade confirmation for details of each transaction. Certain assets, including but not limited to, pooled and private investments, non-publicly traded and infrequently traded securities, derivatives, partnership interests and tangible assets are generally illiquid, the value of such asset may have been provided to us by third PROT94 parties who may or may not be independent of the issuer or manager. Such information is reflected as of the last date provided to us, and is not independently verified. In cases where we are unable to obtain a current market value from an internal or outside source for a particular security, the price column on your statement will indicate "unpriced". Although such securities may have value, please note that the value of a security indicated as "unpriced" will not be included in your overall current market value as reflected on the statement. J.P. Morgan makes no representation, warranty or guarantee, express or implied, that any quoted value represents the actual terms at which securities could be bought or sold or new transactions could be entered into, or the actual terms on which existing transactions or securities could be liquidated. Such values may only be indicative. When we are unable to obtain a current value from an internal or outside source for a particular security, the price column on your statement will indicate "unpriced". If a partial call is made with respect to an issue of securities included in your Accounts we will allocate the call by a method we deem fair and equitable. To the extent applicable, please note the following regarding estimated annual income (EAI) and estimated yield (EY): EAI and EY for certain types of securities could include a return of principal or capital gains in which case the EAI and EY would be overstated. EAI and EY are estimates and the actual income and yield might be lower or higher than the estimated amounts. EY reflects only the income generated by an investment. It does not reflect changes in its price, which may fluctuate. Offshore Deposits - London and Nassau Disclosures Page 1 of 5 PROT95 Deposits in Foreign Branches are not insured by the FDIC or any other Agency of the Federal Government; amounts in such foreign accounts do not have the benefit of any domestic preference applicable to U.S Banks; certain Foreign accounts are considered reportable to the Internal Revenue Service on a Report of Foreign Bank and Financial Accounts (TD F 90-22.1). Bank products and services are offered through JPMorgan Chase Bank, N.A. ("JPMCB") and its banking affiliates. Securities are offered by J.P.Morgan Securities LLC ("JPMS") and, to the extent noted below, cleared through J.P. Morgan Clearing Corp. ("JPMCC"). Neither JPMS, nor JPMCC is a bank and are each separate legal entities from its bank or thrift affiliates. Investment Products: Not FDIC Insured -No Bank Guarantee -May Lose Value Fund manager disclosure information available upon request If you have an investment account that is managed by an SEC-Registered Investment Advisor, J.P. Morgan will provide a copy of the advisor's Form ADV II or brochure upon written request. These statements are not official documents for income tax reporting purposes and should not be relied upon for such purposes, including determination of income, cost basis, amortization or accretion, or gain/loss. Such information, which may be inaccurate, incomplete or subject to updating, should be confirmed with your records and your tax advisor. Please take the steps indicated below if you think statement(s) are incorrect or contact your J.P.Morgan team if you require additional information about a transaction on your statement(s). IMPORTANT ADDITIONAL INFORMATION APPLICABLE ONLY TO YOUR ASSET ACCOUNT(S) (LINKED TO JPMS) Your Asset Account consists of a bank account that custodies assets linked to a brokerage account through which securities transactions are executed. As a result, the Asset Account statement(s) reflect brokerage transactions executed through JPMS but (except for exchange listed options) held in custody at JPMCB. Securities purchased or sold through JPMS in U.S. markets (other then mutual funds) are cleared through an affiliate of JPMS, in non-U.S. markets securities are cleared through JPMS. Positions in exchange-listed options are held by JPMCC. For your convenience, however, positions in exchange-listed options are presented in Asset Account statement(s) together with other assets held in such account(s). All pertinent information about your settled and pending purchases and sales effected through your JPMS account during the period covered by these statement(s), is summarized in the "Trade Activity" portion of the statement(s). In Case of Other Errors or Questions About Your Asset Account Statement(s) Please review your statement(s) and promptly report any inaccuracy or discrepancy including possible unauthorized trading activity, unrecorded dividend payments, unaccounted cash positions, PROT96 improper payments or transfers in writing to both the introducing broker, JPMS and the clearing firm, JPMCC at the addresses shown on your statement(s). Any oral communication should be re-confirmed in writing to further protect your rights, including your rights under the Securities Investor Protection Act (SIPA). If you have any questions please contact your J.P.Morgan team. In your written communication, please provide the following information: (1) your name and account number; (2) the dollar amount of the suspected error; and (3) a description of the error and explanation, if you can, why you believe there is an error. If you need more information, you must describe the item you are unsure about. We must receive your written communication no later than 30 days after the statement on which the error or problem appeared is sent or made available. If you do not so notify us, you agree that the statement activity and account balance(s) are correct. JPMCC and JPMS are members of the Securities Investor Protection Corp ("SIPC"), a not-for-profit membership corporation funded by broker-dealers registered with the Securities and Exchange Commission. Securities and cash held for a customer at JPMCC are protected by SIPC up to $500,000 per customer, which includes up to $250,000 of protection for cash. SIPC does not protect against losses from fluctuations in the value of the securities. Assets held in custody by JPMCB are not subject to SIPC. You may obtain information about SIPC, including the SIPC Brochure, on their website, at "www.sipc.org" or by contacting them at (- In Case of Errors or Questions About Your Electronic Transfers. Disclosures Page 2 of 5 PROT97 Contact your J.P. Morgan Team at one of the tele hone numbers on the front of our statements or write us at J.P. Morgan, as soon as you can, if you think your statement is wrong or if you need more information about a transfer on the statement. We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared. (1) Tell us your name and account number. (2) Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information. (3) Tell us the dollar amount of the suspected error. We will investigate your complaint and will correct any error promptly. If we take more than 10 business days (or 20 business days for new accounts) to do this, we will credit your account for the amount you think is in error, so that you will have the use of the money during the time it takes us to complete our investigation. In Case of Errors or Questions About Non-Electronic Transfers (Checks or Deposits) Contact JPMorgan Chase Bank, N.A. ("JPMCB") Member FDIC immediately if a statement is incorrect or if you need more information about any nonelectronic transactions (checks or deposits) on this statement. If any such error appears, you must notify the bank in writing as soon as possible after your statement was made available to you. For more complete details, see the applicable account agreements and appendices that govern your account. Deposit products and services are offered by JPMCB Member FDIC. You must promptly advise your J.P.Morgan representative of material changes in your investment objectives or financial situation or if you wish to modify the management of your account. Unless you inform otherwise, your J.P.Morgan representative will consider the information currently in its files to be complete and accurate. With reference to JPMS and JPMCC: A financial statement of this organization is available to you for personal inspection at its offices, or a copy will be mailed to you upon written request. You should have received (or have made available to you) separate confirmations for each securities transaction. All transactions are subject to the terms and conditions stated on the reverse side of such confirmations and are subject to the constitution, by-laws, customs and interpretations of the marketplace where executed and governed by and construed in accordance with the laws of the State of New York and all applicable federal laws and regulations. Further information with respect to commissions and other charges related to the execution of transactions, including options transactions, has been included in confirmations that were previously furnished or have made available to you. Upon written request, JPMS will promptly supply you with the latest information. PRODUCT RELATED DISCLOSURE: IMPORTANT INFORMATION ABOUT ALTERNATIVE INVESTMENTS: FOOTNOTES 1 - 4 Private Equity, Hedge Funds, Exchange Funds, Real Estate and Other Alternative Assets PROT98 I. Direct private equity investments and pooled private investments (e.g., interests in limited partnerships and limited liability companies) are generally illiquid securities. Values are estimates only and are not warranted for accuracy or completeness. Values do not represent the actual terms at which transactions or securities could be bought or sold or new transactions could be entered into or the actual terms on which existing transactions could be liquidated as of the date of this statement. Direct private equity investments are generally valued at cost, unless there is an active secondary trading market in the securities, in which case, direct private equity investments are valued using market prices as of the close of the last business day for this statement period Pooled private equity investments are valued according to the General Partner's or Manager's stated methodology. Please refer to the limited partnership agreement, limited liability company agreement or other operative documentation for each investment for the specific valuation methodology used by the General Partner or Manager for that investment or for your Investment Management or Trust account contact your J.P. Morgan team. J.P. Morgan expressly disclaims any responsibility for (1) the accuracy of the information and the methodology used by the General Partner or Manager in deriving valuations, (2) any errors or omissions in compiling or disseminating the valuations, and (3) any use to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. Disclosures Page 3 of 5 PROT99 Hedge funds generally calculate the price (the "Net Asset Value" or " NAV"), 10-15 business days following the last business day of the month. For that reason, hedge fund NAVs shown will generally be the NAV of the month preceding this statement period. In general, the NAV is stated net of management and incentive fees. The NAV is calculated according to the General Partner's or Manager's stated methodology. Please refer to the limited partnership agreement, limited liability company agreement or other operative documentation for each hedge fund for the specific methodology used by the General Partner or Manager for that hedge fund or for your Investment Management or Trust account contact your J.P. Morgan team. J.P. Morgan expressly disclaims any responsibility for (1) the accuracy of the information and the methodology used by the General Partner or Manager in deriving valuations, (2) any errors or omissions in compiling or disseminating the valuations, and (3) any use to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. These statements do not provide tax reporting on private investments. Please continue to rely upon the General Partner or Manager of the investment vehicle for this information or for your Investment Management or Trust account contact your J.P. Morgan team. 2. The 'Capital Called Since Inception USD' and 'Cash/Security distributions Since Inception USD' columns are updated monthly to reflect activity (capital calls and distributions), if any. 3. Hedge funds generally allow subscriptions on a monthly or quarterly basis. An interest in a hedge fund or hedge fund of funds is generally as of the first business day of the subscription period. Due to early funding requirements by the applicable fund, your account may be debited for the subscription amount prior to the subscription date. Please refer to the applicable hedge fund's operative documentation for further details or for your Investment Management or Trust account contact your J.P. Morgan team. Hedge fund redemptions are generally on a monthly, quarterly or annual basis but can sometimes be subject to a multi-year lockup before a redemption is permitted. For redemptions, there is generally a notification period that can be a long interval before the actual redemption date. Redemption proceeds are generally paid 15 calendar days after the final NAV is issued, but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund has been completed. Please refer to the applicable hedge fund's operative documentation for further details or for your Investment Management or Trust account contact your J.P. Morgan team. Global Access Portfolios share certain characteristics with hedge funds. In particular, an investor who withdraws from a Global Access Portfolio will not receive the withdrawal proceeds in their entirety until 30-60 days after completion of the Portfolio's audit, which may be 18 months or longer after the redemption date. Interest might not be paid on any proceeds pending distribution. These restrictions apply even if the investor's account at JPMorgan is closed. The Confidential Private Placement Memorandum and applicable Supplements contain other PROT100 important information about the Global Access Portfolios and are available upon request or for your Investment Management or Trust account contact your J.P. Morgan team. 4. Alternative assets may include publicly available mutual funds that utilize non-traditional investment management strategies, for example, strategies commonly employed by hedge funds. Mutual funds generally calculate the price (the "Net Asset Value" or "NAV") on a daily basis and mutual fund NAVs shown on your statement generally will be the NAV as of the close of the last business day for this statement period. Please refer to the applicable mutual fund prospectus for further details. If the applicable mutual fund is a JPMorgan Fund, please refer to disclosures on this statement concerning JPMorgan Funds for other important information. PRODUCT RELATED DISCLOSURE: THE JPMORGAN FUNDS OR THIRD PARTIES Shares of the funds referenced above are not bank deposits and are not guaranteed by any bank, government entity, or the FDIC. Return and share price will fluctuate and redemption value may be more or less than original cost. While the money market funds seek to maintain a stable net asset value of $1.00 per share, there is no assurance that they will continue to do so. The estimated annual income and dividend yield figures for mutual funds represent the funds' most recent income dividend annualized. Prospectuses and other fund information for JPMorgan funds may be obtained b callin our J.P. Morgan team or JPMorgan Distribution Services, Inc. at . You also may view and order materials online for JPMorgan funds at www.jpmorganfunds.com. J.P. Morgan affiliates may receive compensation from the JPMorgan funds for providing investment advisory services to the funds. J.P. Morgan affiliates may also provide administrative, custodial, sales, distribution, shareholder or other services to the JPMorgan Funds or funds established, sponsored, advised, or managed by third parties, and J.P. Morgan affiliates may be compensated for such services as allowed by applicable law. The distributor of the JPMorgan Funds is JPMorgan Distribution Services, Inc., which is an affiliate of 3PMCB. Disclosures Page 4 of 5 PROT101 Assets may be reflected herein even though they may be held by a third party unaffiliated with J.P. Morgan. In such cases, unless J.P. Morgan otherwise agrees, J.P. Morgan has no responsibility for the verification, valuation, safekeeping or management of those assets. Disclosures Page 5 of 5 PROT102 PROT103