EFTA01506898

03 Account Number: FINANCIAL TRUST COMPANY INC March 01, 2004 - March 31, 2004 J.P. Morgan Securities Inc. 2004 270 Park Avenue, New York, NY 10017 II3JPMorgan Private Bank Margin Account Portfolio Page 88 of 88 IMPORTANT INFORMATION ABOUT YOUR JPIASIMARGIN ACCOUNT II there ace any area or entrant art Mb Stnnsent, Oaf you have any mundane about 14 nen COMM yoursiestActountRepresentenve or JPMSI Compliance DepaiTnItnt at (20 4812323. Please keep the fallowing n mad when usag this statement to beak yore JPMSI baterage study This statement notables )Oa general negn &scant men the spent memorandum account regueed by Seaton 220 6 Regulation T As required by Regubbon T. a permanent rend of Ms senate account is eriatlable upon ion request Important information abate Pricing and Valuating. Prim some of newt seprovided by acing amass a other swam shot no deem 'fragile se not energised fa *coney or as ratan** volutes Free acrid Ostances in yea account are not segregate/ and may be used in the aeration of JPMSIs bosons subteCtIO ale Ingetions Of SEC Rule 1503-3 Unless otheninse instructed. JPMSI ads agents and depostlenes real hob ma, aecutates Upon Ma demand. AM& all pay to you the amount of mov free aedt babnce and iviV deka to you foonad soeuntes hag On yOui DanaN lnlereSt wee be chested on any debit balance. Me methOd Of °obviating intefeaha dew bed n a teller sent Mall maigin custom's Upon eaten request JPMSI wia supply you watt ow most ran statement required to be futon/led to Customers under SEC Rule 171h5(c) Ifs paha Call is mode wth respect so an oweagent:go included in your Mar Account we waist:ate the ca. by a method iv• deem lair and gotta,* You snood hen (caved separate JPMSI trade confirmations la nth secuntes transaction AD tansactcns are subject bin wins and COICAtOnS sad on ire reverse sat such coolomarons and we sumac some constitutch byaaws aotorns and iberipretatons a Me makeiplacis nee moaned and gotened by one construed in accordance wan me haws of the state of New Yak and aV apOCable ban, lens and tomitebons You mast promptlyadvise JPMS104 meter* I changes in slew tmostmont °Opel/Jos a Mama/ Mutation Unless you Worm JPMSI oMerwae, JPMSI red consider The Marone° conentl)' in as Has to no corrinte and accurate JAMS; is leisured by taw to repot to the Internal Revenue Samos aadewdencts race tamest inCenaS on bonds cadged to your account dreg colander )lam Please ratan One statements bass0:1ex, in preps nng your acme tan returns A Mena a Cannot of SIAM us available la yea personal eispecbon at its °Toes of a copy old wig be nailed upon your written request JPMSI a not a bank and e a senate legal entity from is bank a that affbeece including JPMCI3 The sans acid offered a recommended ay JPMSI ft) Are not ms ed by the Penal Dena Insurance Caporabon. a any an gonrenentia agency 0 Are not deposits or other obligations a JPMSia Dan* or gat affable, (unless canomise reidgebd) and are not guaranteed by or the responsitittrly of any such ethalcaunless °mangy armed oMenvise) and 13) Invave investment risks ambling possible bas of the principal invested JPMSI banking affthates may be lenders to issuers of sects bee Met JPMSI unclean Res en which case proceeds of ageing: underwralen by JAMS may be vsed w the repayment of such loans and you shout retie to the deobsiee documents retting to macular secates fa discussion of any such lending refistionships The Federal Rewire re/U/05 that AWASInetein yew consent Won? a an Organ obtain g inetiOn band, bank a Mat effiOates. holiday Mew credit evaluation of you We real assume that par contriving to banns! bu}ne3.1 mid JPMSI wee Morita* your 0Onsonl to Me shame of such dnIterrebon by JPMSI and its bank a fah ahniabe *the Mktg peenwItt4 by If. jPalorgan Write* Boni, is the markong name fa the Aiwa bailing Maness co ducted by J P 410rOan Chan 6 CO though as eutiediehea walMilde. mayday' PUCE and JPMSI Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00031887 SDNY_GM_00301085 EFTA01506898