EFTA Document EFTA01485091

JPMorgan Private Bank JEFFREY EPSTEIN ACCT. For the Period 6/1/08 to 6/30/08 Important Information about Auction Rate Swung*, (ARS) ARS me debt or pretence mover.: nth an mares! or dryrdenInge rase pencdcaly an an euctson Aelsough Mare may be daily, weeNy and month* feasts them a no guarantee Net there wia be leuelety If there are not enough Gds at an suchen to redeem the secuntos snratre to sale. Ire rebut nary bee Wed auChon In is agetlauCtan. Mere a no Manna that a StiCOnderyintirketwi