EFTA01494370

May 01, 2007 - May 31, 2007 Page 3 of 3 HYPERION AIR, INC Primary Account Number. JPMorgan 0 Private Bank Important Information about Your Statement Accounts arc subject to the °maid Terms For Accounts and Services and applicable appendices and account agreements. Your accounts. unless otherwise indicated on thc statement, are held by JPMorgan Chase Bank, N.A. (the *Bank' Y Deposit accounts held at the Bank. including checking. savings, CD, and money market accounts, are FDIC insured In Case of Errors or Questions About Your Electronic Rinds Transfers (nenonal accounts oak) telephoneor write to the Bank d you think your state man or receipt is wrong, or if you neat more intormation about an electronic transaction on a statement or map. The phone number for inquiries is pruned on the front of this statement The addle% for inquiries appears below. We must hair from you no Inter than 60 days atler we sent you the FIRST statement on which the error or problem appeared. • Tell is your name and account number. Please direct all inquiries to your Morgan Account Officer at • Describe the erns or the transfer you are unsure about. JPMorgan Private Bank Client Service and ciplain as cleady as you can why you believe it is an 500 Stanton Christiana Road, I/OPS3 error or why you need more information. Newark, DE 19713-2107 • 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 to do this (20 business days for transactions outside the U.S. and point-of-wile transactions). we wilt recredit your account for the amount you think is in error so that you will have we of the money dining the time it takes us to complete our investigation. In Case of Erron or Questions About Non Electronic Transfers Please examine your account at once. If you feel an error has taken place or have questions concerning a nonelectronic transaction, telephone or write us within MI days The phone number is printed on the front of this statement. The address appears above. lino imam is received within this paiod, your account wilt be considered correct. Mutual Rinds/SecurItles Securities (including Mutual Funds) and annuities are not bank deposits and are not FDIC insured nor an they obligations of or guaranteed by JPMorgan Chase Bank, N.A. or its affiliates or any federal or state government or government agency or gosemment sponsored agency. Securities (including mutual funds) and annuities int oh e ins estment risks, including the possible loss of the principal amount Invested. The distributor of the IPMorgan Funds is JPMorgan Distribution Services. Inc.. which is an affiliate of JPMorgan Chase Bank. N.A.. JPMorgan Chase Bank, N.A.. and its affiliates receive compensation from JPMorgan Funds for providing smites. Read the JPMorgan Funds prospectuses carefully for details, including torn and expetma before investing or sending money. JPMorgan Select Shares of the Connecticut Daily Tax Free Income Fund, Inc. and JPMorgan Select Shares of the New Jersey Daily Municipal Income Fund, Inc. are not part of. or affiliated with, the JPMorgan Family of Mutual Funds. Reich & Tang Distributors Inc. and Reich & Tung Aaret Management L.P., which are unaffiliated with JPMorgan, arc the funds' distributors and investment advisor, respectively. Reich & Tang Distributors Inc. is a manber NASD. IRA Accounts Accounts where the Bank serves as trustee or as discretionary investment manager for an ERISA plan or an IRA that hold Fiduciary Shares (as described below ) do not bear any portion of investment, administrative, custodian or other charges paid to the Bank or its affiliates for services to the applicable JPMorgan Funds since these charges are subject to rebate as defined below. For accounts where the Bank serves as trustee, or dimmtionary investment managa for an ERISA plan or an IRA, which hold shares in the JPMorgan Funds other than Fiducimy Shares, the Bank naives foes for Kati from the JPMorgan Funds but waives account fees with respect to the funds so held. Fiduciary Sham are shares in the Select Shares class of JPMorgan Tax Aware Large Cap Value Fund, JPMorgan US Equity Fund. JPMorgan Tax Aware US Equity Fund, JPMorgan Tax Aware Large Cap Growth Fund. JPMorgan Mid Cap Equity Fund. JPMorgan Mist Small Cap Equity Fund, 'Morgan Fleming International Equity Fund. JPMorgan Short Term Bond Fund II, JPMorgan Bond Fund II. JPMorgan Tax Aware Enhanced Income Fund, JPMorgan Tax Aware Short-Imermodiam Income Fund, JPMorgan Intermediate Tax-Free Income Fund, JPMorgan Tax-Fm Income Fund, WMorgan California Bond Fund. JPMorgan NY Intermediate Tax Free Income Fund and 'Morgan NJ Tax Free Income Fund held in the Bank's trust accounts or in the Bank's investment management accounts for ERISA plans or IRAs. 'Rebate means an amount returned by the Bank to the account which holds the Fiduciary Shares. The rebate amount represents the portion of servicing It paid to the Bank by the mutual fund with respect to Fiduciary Shares. Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00017430 SDNY_GM_00286628 EFTA01494370