EFTA01511796

11 2004 Account Number FINANCIAL TRUST COMPANY, INC. November 01. 2004 - November 30, 2004 JPMorgan Chase Bank, N.A. 345 Park As enue, New York, NY 10154-1002 1''JPMorgan Private Bank Asset Account Portfolio `ace of %. In case *Terrors or Questions above your statement. Including pow line of credit. If sou MM that )our statement a neared a I you need more inkerratron about a bensacton on )ca steterrent 'inducting a Are of wed' Yansectron you must write to us on a separate sheet desotmg the wet and send! to JFAtagan Biotin Bonk 500 Stanton Christ/tine Abed 1/OPS3. Newark DE 19713.2107 We must hear ban you notelet than 60 days ofter the stWerntoni on wtsth theerror a problem appeared ss sent You can confect sour den( service speceast but dong so orro not maw we yore fights In your letter pease ponde the kavenng infametron (1) yaw risme and account number (2)th e dear amount of the suspected once and (3)•doscnOon aloe error and explanelsan, ;Tyco can why you heave Mae is an afar If you need mat oda 'mbar you mat describe the awn you we unsure about The JPMorgan Funds a The JPIAor pan Institutional Funds or The American Century Funds Shares of he tunas are frot bank *We and we no! crostah!oeley any bank gNefnmerIentity a to FOC Returned shareace mu tiuctueSe and redefraron vete rney be more of lees then anemic-oil Hanle the money market funds seek to mentain er stab's net asset takseof SI 00 per shay Mere,' fro assurencethat they we Continue to 00 so The estimated annual income and dredend reit I bases fa mutual funds reFesentthe funds' most f °confuter,* awdend arm/at:ad JP Mayan Funds Oatneada Inca re datribUla of the JPMagan Funds and AmercanCentury investment Savers Inc rs the distributor of the AmencanCenturyFords JP Morgan Investment Managetnen Nat and AmencanCentay Invest urveas itNestmentadosasoThestevectirelund famdes and recevecompeosetion from Vier respectA. fund fanniesfp aovdng investment advocryand ether services Mena? In you hale chosen one or the anew moue: tufts you NO notified that poseone n the Rime Money theltel Sappy Fund reaesenthooduros .n the JP1Act gen Rene Money Market Funs posibons ,n the Federal Money Market Sweep Fund f or 'resent hod rros ,n the JPMorgan Federd Money Markel Fund ant past/ohs m me Tat E xerrottecney MadostSAtop Fund foptesenthollings m the JPItotoan Tax ExemptMoney Market Fund JAMS, is the custolian of feted options and most mutual funds incadas mud pony mewsl funds purchased through JAM JPMSI is a manta' of Ints Swages ImestorProtectron Capaabol FS/Ft 7 a notJa.profirmsmbeeshocaperatron funded by beekadeabstdogesered nth the Secartes and ExchangeComnasson SeCureOS and cash hokl for a curJomor account at JR.'S/ we aotochxl up to the Me/ nee equeyoleach ocean! Merest 1400000 of proection who" includes up to $102 000 of protection to, canna grovdedby &PC As of March 2004. the balenceof the protection a pf °robed by a sepaeY Excess SIPC SuredyBond issued by SustOmer Asset Pr ohhOton Company. SIPC sal excess Sr PC aotecton do not protect against losses from Aucketrons in the wahreof the seo.veto Assets hetet ousted/ by !Plattgen Chase Beta NA Mx Bank7are not supporta SIPC a excess &PC protection. JP Morgan Secutes Inc JPVcrgan ChaseElank. IV A a the, "%shape 'Madan CarWenvenmay peed. IlwiruStat ye. aiSlOchili saes daSneroto n sera Moder sery *est° JFrikrgen Fond& AmerecanCenhayFunds. a funds estabOshed sponsored adeasect a managed by thrd parte, and the Mogen Conspames way be compensated la such SCWICOS JPMorgan Renate Banks the marketing name for the private tanking business conducted by J P Morgan Chase & Co Watch its subsdenes mod:Nide inctuAno JPMorgan Chase Bank NA JP Morgan TrustCompany NA and JP Morgan Searles Inc Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00037630 SDNY_GM_00306828 EFTA01511796