EFTA01511801

11 L04 Account Number: FINANCIAL TRUST COMPANY, INC. November 01, 2004 - November 30, 2004 J.P. Morgan Securities Inc. 270 Park Avenue, New York, NY 10017 JPMorgan Private Bank Margin Account Portfolio Page 14 of 14 IMPORTANT INFORMATION ABOUT YOUR JIWASIMARGIN ACCOUNT Inhere are any wrote or OmftalOrlt 00 This Wittman!, Of If you here any gunboat aboutq plane COONCI yoursustActountRepresentenve or JPMSI Compliance DepaiTilltnt at (20 483.2323. Please keep the fabunng n mod when tang /his statement to Pack yew JPMSI brokerage seedy This statement connives lose general neon &scant nine the specs& memorandum steama reamed by Seaton 220 6 Regulation T As renewed by Regubbon T. a permanent recad )0W separate account is eriatIable scan par regal Important &lamellas Seep: Pelting and Vale lent Popes some of newt seprovided by acing means a other sources *h al no deem rebates eve not vacant are fa scanty or as neap:eke muss Free credit Mamie gases' account are not segregate/and may be used in the opeisbon of JPS.ISIs bosons subteCf 10 the kmagsons Of SEC Rule 15033 Unless offssarkso instructed. JPM.9 arts agents and deposacnes war flak/ yvt, secure., Upon yew demand. PM& owN pay to you the amount of sosr free aeal bane.. and swI Skye to you foonyad seeuntes heti On you bteenT Intent we be dressed on any deaf balance the moM(d Of °obviating bleaker a dosembed ma leder sent loan maw costars's Upon soften request JAVA& misapply you with wane most recent statement required to be furnished to customers under SEC Rub 1704(c) Na petal obi is made wth respect so an Issas of goatees included in your lAwpm Account we mesa:cote the call bye method we doom ter end equitable You snood haw reamed separate JPMSI trade contrmeons la each neonates transaction AP tarksactens aro subject both* berms and 030d4100S stood on Zr. reverse side a such contemn's:As and se subsea to the consbrulion byaaws asst ms and abeeprotabens are moassfoloco n /Ito executed and governed by and construed n accordance wan the laws of rho state a New Yin and all appacabb fedael Ins and tegulebons You neat promptly Wm* JP14S1 a newel changes in )our tmestmont obpclotoscettnanow *Nation Unless you Morns JPMSI oMorwaa JPMSI wog consider me micanehancomently in its teas to be correbto and accurate JPMSI AS /caused by law to repot to the Internal Revenue Sows as tadend s order interest mean on bonds melded to your account Sang calendar yew Pease reran sewn statemenb bass at you in preparing sour acme tan means A /sena r d statement of STASI us evadable fcr you personal amperbon at its alkyl or a copy of a will be marled ago" you mitten request. JAMS/ a no I a bank and e a seeable legal °nay from di bank a IMOT affibiee: mcbang JPMCS The sacuraes sold allered a recommended by JPMSI (T) Are not ma ed by the Federal Cepobt Insurance Caporabon a any other governmental agency 0 Are not deposits or ante obegatons of JPIASIS DerlA or Waft affAates (unless otherwise reacrobd) and are not guaranteed by or the responbIntrly deny such efgaleaunless emlefly eased otherwise) and (3) knave investment rake erasing possible tees of the primes, imaged JPMSI banking affthates may be lenders to issuers of seeable Met JPMSI underwrges in when case proceeds of alarms* underwralen by JAMS, may be used la the repayment of such loam and you shoud rare, to the cleobsure Occumenta retteg to parteuty mattes fcr discussion of any such kmang refelsonshas The Federal Reserve restores that JPMSI Cdt.n yaw Consent begat ra can Olean oaten recanikbOn bermes bank Cr Uwe effeates mcbang Mew credit embiabon of you We res, assume that pat conbnong to tensed bu.S.ne3.1 nth !PASS, wit constitute ma 00n NMI to the shame of such Infer mown by JPMSI and its bank a INA air Web& *Me enfant pernsded by It. Jfkilorgan Pnvese Bonk G the marketmg name ter the pinta banking business conchae:: by J P Morgan Chen 6 CO Ifeough as Maiadlarrea waldnale mak4A9 'PUCE end JAWS' Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00037635 SDNY_GM_00306833 EFTA01511801