EFTA01496690

August 30,2003 - September 30, 2003 Page 6 of 20 NES, LLC Primary Account Number JPMorgan Private Bank Important Information about Your Statement Personal accounts are subject to the Deposit Accounts Agreement or the General Terms For Accotmts and Services. liminess accounts an: subject to the Tams and Conditions for Commercial Accounts or the General Tams For Accounts and Services Your accounts. unless of arose indicamlon the Statemen t. are held by JPMorgan Chase Bank (the 'Bank'). Deposit accounts held at the Bank, including checking, savings, CI), and money market accounts, are FDIC insured. In Case of Errors or Questions About Your Electronic Funds Transfers (personal accounts onM Telephone or write to Ore Bank if you think your statement or receipt is wrong. or if you need more intimation about an electronic transaction on a statement or receipt. The phone number for inquiries is printed on the front of this gateman. The address for inquiries appears below. We must hair fthm you no later than 60 days after we rent you the FIRST mamma on which the error or problem appeared. • Tell us your name aid account number. • Describe the ernir or the transfix you an: unsure about. and explain ascii:any as you can why you believe it is an aror or why you iced mote information. • Tell us the dollar amount of the unpected error. Please direct all inquiries to your Morgan Account Officer at JI'Morgan Private Bank Client Service 500 Stanton Christiana Road. I MM'S3 Newark. Dli 19711-2107 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-sale tran.sactions), we will recrcdit your account for the amount you think is in error so that you will have use of the money during the time it takes us to complete our investigation. In Case of Errors or Questions About Non Electronic Transfers Please examine your account at once. If you feel at error has taken place or have questions concerning a nomelectrome transaction. telephone or write us within 30 days. The phone number is printed on the front of this statanent. The address appears above. If no report is received within this period, your account will be considered correct. Mutual Funds/Securities Securities (including Mutual Funds) and annuities are not hank deposits and are not FDIC insured nor are they obligations of or guaranteed by JPMorgan Chase Bank or its affiliates or any federal or state government or got ernment agency or government sponsored agency. Securities (including mutual funds) and annuities involve investment risks, including the possible loss of the principal amount Invested. The distributor of the JPMorgan Funds is JPMorgan Fund Distributors. Inc. which is not affiliated with the Bank. The Bank and its affiliates receivecompensation from the .IPMigan Funds for providing aavices to the funds. Read the JI'Morgan Funds proextusa c.arefully for details, including fees and export es, before investing or sending money. JPMorgan Select Shares of the Connecticut Daily Tux Free Income Fund. Inc. and 'Morgan Select Shares of the New Jersey Daily Municipal Income Fund, Inc. are not pan of, or affiliated with, the WMorgan Family of Mutual Funds. Reich & Tang Distributors Inc. and Reich & Tang Asset Management L.P.. which an: unaffiliatal with JI'Morgan. are the funds' distributors and investment advisor. Reich & Tang Distributors Inc. is a manha NASD. The Bank is not a registered broker-dada. Securities transactions may be through JPMorgan Fund Distributors, Inc a subsidiary of the Back, is a member of NASIYSIPC. IRA Accounts Accounts of the Bank as imam, or as discretionary lineament 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 'Morgan Funds for which a rebate process has been established since these charges are subject to rebate as defined below. For accounts of the Bank as trustee. or dimretionary investment manager for an ERISA plan or an IRA. which hold shares in the JI'Morgan Funds other than Fiduciary Shares, the Bank receives fees for services from the JPMorgan Funds but waives account Ma with respect to the funds so held. "fidtx:iary Shares' means shams of JP/slorgtm Select Funds and Institutional Shares of the JI'Morgan Bond Fund II. JPMorgan Short-Term Bond Fund II. JPMorgan Intermediate Bond Fund II. and JPMorgan Large Cap Equity Fund held in Bank trust 8CCOUMS or in discretionary investment managanent accomus at the Bank held by ERISA plans or IRAs. "Rebate' means an amount returned by the Bank to the account which holds the Fiduciary Shaer. The rebate amount rantsents the portion of servicing leis paid to the Bank by the mutual fund with respect to Fiduciary Sham. Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00020082 SDNY_GM_00289280 EFTA01496690