EFTA Document EFTA01485405

J.P. Morgan JEFFREY EPSTEIN ACCT. For the Period II/I109 to 11/30/09 Important Information about Pricing and Valuations Certain assets including but not limited to, pooled private investments, non-publicly traded and infrequently traded securities, derivatives, partnership interests and tangible assets are generally illiquid, the value of which may have been provided to us by third parties who may not be independent of the issuer or manager. Such information is reflected as of the last dat