EFTA01507131

05 IWO,' Account Number: Q FINANCIAL TRUST COMPANY INC May 01, 2004 - May 31, 2004 JPMorgan Chase Bank 345 Park Avenue, New York, NY 10154-1002 fl JPMorgan Private Bank Asset Account Portfolio Page 75 of 78 The JPIIorGten Fund* or The JAWOrpan Institutional Funds Or The Amine-en Century Funds Shares el enelunds ere not benA depossts and tie nd guaranteed soy bank pony nrrententity a the FCC Patten and aharepnce a+0 voterrey ba masa Wu than o"gnslcost NMt the money market funds seek ro memtern e stable net asset valve of SI 00 pee share theie4 no assatencethet they wArconbnoe to do ao Tlwestimated annual ~me and dvdend,nm t byte°, kf mufti& funds reptesentthe tonal,' most recent mcome dnodend annuaty.ed JP Madan Funds Datntruice Inc 4 the dotobtrkr of Me JP1Mcfgen Funds end AnWeanCenlury Investment Sernees /ne 4 the d,s!nbub' tithe Amoncan Century Funds JP Alteden Investment Menneensnt Inc and Amman Century Investment Management Inc 'ewes irra ecnassa to thew res~ fund lanxteu and rece.wcornbensabon from II444.3~4,fund fain, le9 nb plOoding ~MON ofv44ryand «her seenced tf >co liens ~en One et toa seep ~yet funds )Ou ere noffied the: p05Ø5 m the Ate Money V&A., Sweep Fund recresent heldel» el the JPMagen Arnie Abney Melt« Fund ',alp:WM in the Federal Money Markel Sweep Fund te~ hob®, N Tora JAW:wean Fedor✓elMoney Marko I Fund anipastions in Me Te.. ExempttlecwyltenetS*,00FonetretvesentrPOthn93 in the JPMorgan Tax EfloOpWOM./ MA441FoOd JI:faSI 4 the custodian of Wed ophons end au mufue funds ~chased Trough JPMSlerek.d,r4JPMcepon end Am« rcenCentw y funds JPMS/ e ~Pact Ine SOCUub0.1 IM.SMIROMCLCnCorpcabonrSIPC7 not~prore momborsheccepaation funded by broketanisisrogn»rednitn the Socurrtes and Exchenp.ComnNswer SO[44~ and Cab OOP fors coøomw account at JOS'S! So (VOW' Ind op to WO ~net *MVO, each «moot Thelest SWO000 PfOOlft44 the,* oCk4aS uP 101160000 c ~el fa coin. pavan by SIPC As of ~Cif 2004. the balence of Me pon•cbon 4 pf 04~ by a sspeflExcessSIPC Surery Bona .syucd by Coffin, Asset Profection Cryan', &PC and e•coss &PC potecZon do no! protect against twos from nuctusbons rn the he 4. red the socuntn:s Assets held», costae? by JPgovan Chose Elenk (the Sonli)we not subject lo &PC a ewes: &PC oroleclon JP Ma(ao Stewr:»9 Inc. JPIArden Chase Bank of aner ett4atesane 'Mogan Cornbann1 nay provdeednw)4>etive cuslodei saps, destnbuton a shd vencider s wscesto JPMorgan Funds. ~Ken Century Funds or funds i‘&414.1144 sponsored advt.& b managed by (and pates end the Morgan Conloanios may bo con'pana for sun sonncos »Wavon Pryor., Bonk n tea ~ohm; name for ea pnvoro bonk;ng buz.noss caceltetod by J P Wigan Chore & Co tiwouri rts suesdenes aondwdo. inch.d..ng JP4corgan Close Bonk J P Morgan Trust Company NA and. P Morgan Secuntes Inc Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00032126 SDNY_GM_00301324 EFTA01507131