EFTA01507261

06 12004 Account Number: FINANCIAL TRUST COMPANY INC June 01, 2004 - June 30. 2004 J.P. Morgan Securities Inc. 270 Park Avenue. New York. NY 10017 JPMorgan Private Bank Margin Account Portfolio Page 72 of 72 IMPORTANT INFORMATION ABOUT YOUR JPMSI MARGIN ACCOUNT (there are any ant's or Omfet.IOnt On This Stattment, Of If you here any gunboat about 14 plane COONCI your suss Actount Representenve JPMSI Compliance Depart:11SX at (214 4834323. Please keep the fallowing n mod when tame this statement to Pack yow JPMSI brokerage wavy This statement combines )buy general imago wean: nth the speaeltnerraandum account requeed by Seaton 220 6 Regubtan T As rebored by Regubbon T. a permanent recad )04T separate account is eriatbbie upon ion request Important &lamellas about Pricing and Valuettang Popes some of newt seprovided by acing sawn a other sources *bob no deem roast* ere not guranteed fa econcy ass regazetno volutes Frey credit befonces in Ma account are obi segregate/ and may be used in the openstion of JPMSts bosons. 60,0010 The knklabons Of SEC Rule 1503-3 Unless otherwise instnicled. JPMSI a der agents and Oeposbooto rear bob/ yvt, Mounties Upon yew demand. JAMS' mg pay to you the amount of Kita free ant bebnce and cod Skov to you foonyed seCuobbo hekl On yOuf balsa lowest wN be chested on any debit balance the meflad Of °obviating interests desa bed me feller sent loan maga custonws Upon mate. request JPMS wag supply you with W most recant statement required to be funitsbed to CvslOmen under SEC Rub 170-5(c) Ea petal cell is made with respect so an Issue of seambes included in yew Magee Account we mil Saks the cab bye method we deem he end equitable You snood hawo feceved sopa:noSAM trade contrmeons la each secuntes transaction AO tarksactions ere subject both* berms and 030deCinS stood on the reverse side a such conamatons and we subject fable consbutca by.laws ass toms and aberprolabons of the morkefaco n /Ito exeoutod and governed by end construed a accordance win the laws of the state a New Yin and fa appacaba 'oda-aliens and tegulebons You must promptly *dace JAMS! a menI changes in yea montmont obpcbtos a Memo/ obtoboo Unless you Mom JPMSI oMorwasi JPMSI red consider the internam amity in its ties robe corrbobte and accurate JAMS; AS leisured by taw to repot to the Internal Revenue &Tyco as tadend s aratior Merest income on bonds credited to your account dreg calends yob, Pease reran allyca statemenb basso: you n peeving you acme tan means A Tacna a I statement of SUSI is eialabb to personal superb:in of its alkyl a o copy old wilt barnacled uPznlytir waren request. JAMS/ a no I a bank and is a separate legal enby from As bank a met affbeees incluthng JPMCS The sacunbas sad wend a recommended by Actin; Are not ma ed by the Federal Coxed Insurance Capers on a any otter governmental agency 0 Are not deposits or other obegatens of JPIASIS bank or Ina aff Aates (unless °anywise adoebd) and are not gowanksed by or the responsitntry of any such oftbalet(uniess emIcfly stesedothermse) and (3) Imam /vestment rola ackidag possibie lees of the pitman, enreskd JPMSI banking afftheas may be lenders to issue's of sec...bee Met JPMSI unclean Res in which apse proceeds of offerings underwritten by JAMS, may be triadic' Me repayment of such bans and you shoukt rola to the daobbee documents absting to particular mattes fcr discussion of any such kmding refelanships The Federal Reserve raltUfes Thal AWAY COtem yaw Consent before a COn Obtan certain af of inebOn band, bank a In effi0ates incbang bey credit emanation of you We aka assume that pat conbnong to transact buS.ne3.1 man JPMSI aka CChstrtufe your con lea to the shame of act InItenebon by JPMSI and its bank a (NA sheiban. *Me ex lent Perinated by It. JPMorgan P.m.* Bonk s the markong name fa the pinta banking business conchae:: by J P Morgan Chen 6 CO through as SOOSideneS nal& nak if0 b5a7 'PUCE end JAWS' Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00032279 SDNY_GM_00301477 EFTA01507261