EFTA01507134

05 IWO,' Account Number FINANCIAL TRUST COMPANY INC May 01, 2004 - May 31, 2004 J.P. Morgan Securities Inc. 270 Park Avenue. New York. NY 10017 JPMorgan Private Bank Margin Account Portfolio Page 78 of 78 IMPORTANT INFORMATION ABOUT YOUR JPIASIMARGIN ACCOUNT II there are any arab or OmftWOrht on this Statement, Of If you hive any gunboat about 14 plane COONCI your SAM Actount Representenve or JPASSI Compliance DepaiTilltnt al (20 4834323. Please keep the fallowing n mad when using this statement to ha yea JAMS: brokerage fl ay This statement commas you general nags secant win the spec& memorandum account required by Section 220 6 Regubtan T As required by Regubbon T. a permanent record 0 I. )0lar separate account ks eriatiabie use par regal Important &formation about Pelting and Valuellang Popes some of newt seprovided by acing seams a other swab *hat no deem reAstife eve not gussanteed *cosy or as rabbi:We mass Free credit banns in >Oa account are not segregate/and may be used in the opef *bon of JAMS,' bosons suateCf 10 The Inklations Of SEC Rule 15033 Unless otherwise instructed. JAMS' ads agents and deposacnens war hob an securities Upon yew Owning JAMS' twil pay to you the amount of aov free aeal baboon. and w.Idakpf to you foonad mambas Intl On yOuf DMat Intern( eta be staged on any debit balance the meflad Of °skein:ging interests descabed ma *1ev sent loan maga guaranties Upon soften request JPMS1 me supply you withal most recant statement required to be tufnisned to Customers under SEC Rub 170-5(c) Na petal oil is made with respect so an *sue of sonnies included in axe Maga Account we wawa:cafe the call by a method iv• doom fair and equitable You snood he 'caved separate JPMSI trade contrmeons la each 'aconites transaction Alt tarksactions ere siggact kith* Wins and 030d41003 stood on we rovers. sded such confomatans and se solvent sable consaution by-laws asstoms and inbieprotatans of the rnwhsosisco n /Ito ineoutod and governed by one construed a accordance wan the laws of the state ce New Yin and fa appacabla Waal dens and regulabons You mat promptlyadvise JAMS! d man/ changes in slur mantmont obpcbeas a Mama/ *Nation Unless you Worm JPMSI anemias" fine& wa consider mo inforrnabco canon* in its tiles to no cornisbto and accurate JAMS! SS moused by law to rent to the Internal Revenue Sows as tadend s wake interest 'MOMS on bonds .edited to your account ding colander yaw Please reran all weir statemenb bass 0! you n precis hog your acme tan means A Tacna a I statement of SUSI is tractable fa yokr personal superb= at its alkyl of a copy of it wilt barnacled uPznlytir war en request. JAMS/ a notebook and is a women legal entity from ns bank een's* affikeeed mot/ding JPMCS The securities sad offered a recommended by JPMSI ft) Are not at end by the Federal Deposit Insurance Caporabon a any other govei anent& agency 0 Are not deposits or other obigatons of JPIASta Desk or Wet afraid., (unless anaiwise adhrobd) and ere not gawanksed by or the responsitntrly deny such offaiskiNauniess espIcfly stated OthOrW CO) and (3) knave avestmen f risks eakAting possioie tees of the primal., orwerskd JPAISIY banking affMates may be lenders to issuers of sects on that JPMSI underwrees in which case proceeds of offerings underwritten by JAMS, may be used la the repayment 0/such bans and you shout reef to the disobbeedccuments reasting to particular mattes fcr discussion of any such kmang relationships The Federal Reserve recces that AWAY catain yaw Consent began a can oaten bean f of metiOn band, bank Cr Wit ef Oates. incbding Thew credit evensation Ora We res, assume that pat continuing to transact b11$.0039 'U. JPMSI Wanks* your consent to the shying of such Infer mown by JPMSI and its bank or Wet aff6SOS. *Me Intent isernateid by It. jPalorgan Posse Bank co tne markong name fa the pro** banking DIMOND conducted by J P MOrOan Chan 6 CO though as subsidiaries walamak nwkkpup ',PUCE end JAWS' Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00032129 SDNY_GM_00301327 EFTA01507134