EFTA01503323

February 28,2004 - March 31,2004 Page 3 of 3 ZORRO TRUST Primary Account Number. JPMorgan Private Bank Important Information about Your Statement Personal accounts arc subject to the Deposit Accounts Agreement or the General Tenns For Accounts and Services. Business amounts are subject to the Terms and Conditions for Commercial Accounts or the General Tams For Accounts and Services. Your accounts, unless otherwise indicated on the statement. are held by JPMorgan Chase Bank (the -13ratk"). Deposit accounts held at the Bank, including checking. savings, CD, and money market accounts, arc FDIC insured. In Case of Errors or Questions About Your Electronic Funds Transfers (personal accounts only! Telephone or Mt to the. Bunk if you think your statement or receipt is wrong. or H you need more lamination about an electronic transaction on a statement or receipt The phone number for inquiries is printed on the front of this statement The address for inquirka appears below. We must hear from you no later than 60 days after we sent you the rattsT statement on which the error or problem appeared. • Tell us your name and account amnia. •13escribe the mar or the transfer you arc unsure ahead, mid explain as clearly as you can ss hy you believe it is an error or why you need more information. • Tell us the dollar amount of the SICMCCMLI MIX Pliny direct all inquiries to your Mogan Accoimt Officer at JPMorgan Private Bank Client Service 500 Stanton Christiana Road, I/OPS3 Newark. DE 19713-2107 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 (1.S. and point-of-sale transactions), we will nxredit your account for the amount you think is in error so that you will have use of the R1OJXY dunag the tune 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 row-electronic transaction. telephone or write us within 30 days. The phone number is printed on the front of this statement. The address appears above. lino report is received within this period. your account will be considered correct. Mutual Rinds/Securities Securities (including Mutual Funds) and annuities are not bank 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 government 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. Ile Bank and its affiliates rocave compensation from the in/kraal Funds for providing services to the (with. Read the ;Morgan Funds prospectuses carefully for details. including fees and impasse, before investing or wilding 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. arc not part of, or affiliated with, the JPIslorgan Family of Mutual Funds. Reich st Tang Distributors Inc. and Reich it 'rang Asset Management L.P., which are unaffiliated with JPMorgan, are the fund? distributors and investamt advisor. Reich & Tang Distributors Inc. is a member NASD. The Bank is not a registered broker-dealer. Securities transactions may be tivough JPMorgan Fund Distributors. Inc. a subsidiars of the Bank. is a member of NASIVSIPC. IRA Accounts Accounts of the Bank 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 investmat administrative, custodian or other charges paid to the Bank or its affiliates for services to JPMorgan Funds for which a rebate process has been established since these charges are subject to rebate as dermal below. For accounts of the Bank as trustee, or discretionaty investment manager for an ERISA plan or an IRA. which hold shams in the JPMorgan Funds other than Fiduciary Shams, the Bank receives fees for service from the JPMorgan Funds but waives account foes with respect to the dads so held. "fiduciary Shams" nuns shares of IPMorgan Select Funds and Institutional Shares of the JPMorgan Bond Fund II, JI'Morgan Short-Term Bond Fund II. JPMorgan Intermediate Bond Fund II. and JPMorgan Large Cap Equity Fund held in Bank trust accounts or in discretioniuy investment management accounts at the Bank held by ERISA plans or IRAs. "Rebate means an amount returned by the Bank to the account which holds the Fiduciary Shares The rebate amount retreat-us the portion of servicing fats paid to the Bank by the mutual fund with respect to Fiduciary Shares. Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00027931 SDNY_GM_00297129 EFTA01503323