EFTA01511830

01 2005 .1.P. Morgan Securities Inc. 270 Park Avenue, New York, NY 10017 Account Number Margin Account Portfolio FINANCIAL TRUST COMPANY, INC. January 01, 2005 - January 31. 2005 1''JPMorgan Private Bank IMPORTANT INFORMATION ABOUT YOUR JPMSI MARGIN ACCOUNT If there we any area or OmISSIOnt On Misstatement, or If you have any questions *bourn. Plena coiner Yaw JAWS, 88414.4"MR 881000y4 cR.IPASSIComPlanca EMPanntant at an/ 483'2323. Abase keep the knowing n mad when tam this statement to Peek yew JPMSI acherege acsity This statement combats wor general maga asocont nith to :penal memorandum account reguEed by Section 220 6 Regukabn T As rebored by Regobbon T. a permanent recad )0I.ff separate aCCOUnt u eveibale Lc= 14= request Important Information about Pacing and Vatinalant Popes some of newt seprovided by pion° seams a atria' sourced slosh no deem ratable we not guwanteed fa *coney or ss ratan** values Page 14 cl 14 Frey mob Memos in you account ate not segregate/ and may be used in the apeman of JPMSIs business subject 10 The Inagua, Of SEC Rule 1503-3 Unless othenwse inshvaed. JAI& arts 0170011 and baba:toes wit bob/ yon aecuobes Upon yew demand. JPMS1 owN pay to you the snow* of )ota free gad, babnoe and wtIclekof to you fug/-pad mantes heW on look' beluar listen( twit be chested on any debit balance. the mebad Of °obviating *WNW doscabed ina leder sent to all mew coatonws Upon soften request JPMSI col supply you with ou most recent statement required to be (unshed fo CvslOmen under SEC Rob 17a-5(c) Ifs partial cell a mode wan 'aspect so an case of SOCE/003 included en yew Margin Account we walla:cab, the call bye method we deem taw and econtebb You snood haw mcaved sepatato JPMSI Wade contrrnabons Ian each seaman tramocton AD tbAsactions aro staact bgtho MOW and 0=14043 sad on Zr. rovers. side a 940.1 coolomarons and we solvate some constaula. by-laws aatoms end aberpretatans of m0 morbsonlaco raw* executed and gotenad by and construed a accordance win by laws of fed state <rid= YCOM and as booboo/go federal ns and iagutabons You must promptlyadobe JPMSI d maenad changes in your montmont obpcbtos a Memo/ Muoboo Unless you edam JPMSI otnerwoos JPMSI wee consider the internal)°, cumsntly en as tiles lobe corninbto and accurate JAMS; is mond by bw to repot to the Inland Revenue &globe &Mew/ends argior althea 'MOMS on beads coaled to you. account Sang calends yob, Alone felon ON WM 304=041b b as: 0! woinpreplang )pa acne tax tokens A Mensal statement of JPAISI u avadabb b yocr cascading...ea:a of its drool a o copy old wilt be maded upon your waren request. JPMSI a no I a bank and a a separate legal entay from di bank a mat affbaeco mcbdang JPMCS The sagas acid ellaved a recommended by JPMSI ft) Are not me ed by the Federal 0000211 Insurance Caporeboo a any caw governmental agency 0 Are not deposits or Pinto obigatans d JPIASJa bank or Waft affable, (unless otnevvoise adcrobd) and we not guaranteed by or the responsitntrly of any such offaskb(unless ewlcay armed oTherwase) and 13) IrrycAsa investment rah, aabang possible loss of the principal Arrested JPMSI banking affthates may be lenders to issuers of sects boo that JPMSI unclawrges in whits case proceeds of ageing: underwritten by JAMS, may be vsed a Me repayment of such loans and )to shoulf rata to the doobbee documents relating to parbcolw as fa discussion of any such lending reAstanships The Federal Reserve Rouses Mg JPMSICbtan yOw Consent before a Can Man certain sgometan band, barb a Wit effiOatee incbchng bey credit eaahation of you We real essay* the( your tont...nand to W/1940 b(18.003.1 mat JPMSI wee CCnstrtuleyou <Jensen( to the showy Of 'GC?) Infer mown by JPMSI and is bank a (NA aflenaneht tOthee•/4411:410011440 taw JPMorgan Farah> beta a the markong name fa the Amish, banning business conchae:: by J P Mogan Chase 6 CO through is 4000110004 41010 41de. including 'PUCE Ind JPMSI Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00037666 SDNY_GM_00306864 EFTA01511830