EFTA01511860

03 J.P. Morgan Securities Inc. 2005 270 Part: As snue, New York, NY 10017 Account Number Margin Account Portfolio FINANCIAL TRUST COMPANY, INC. March 01, 2005 - March 31. 2005 IMPORTANT INFORMATION ABOUT YOUR STATEMENT Contact your client service specialist if you think your statement is incorrect or you require athlete:sal information about a tiansachon on your statement fl JPMorgan Private Bank Page 17 of 17 JFILISI a member or Ine $l<4:49 fnbeslcv Protecton Ceeperabon ("WV') å notta.prohl membershpcppor Olen funded by dose( 4ealweegatered (nth the Setuntes and ExCMrgeConnsss9n Seeetesend cash heed lor e cos..~ account at JPMSJYe Lrotecled up to the total net oautyol each account The first $500 000 ~on hch nctules up lo WO 000 of protection Ice cash is provided by &PC As of March 2004 the balance ol the proteeten o ponied by a seen. bExcessSIPC &nob, Sand issued by customer Asset Protection Com,oany &PC and eiCe3SSIPC Refection do not petal against looses born fluctuations in Ne we've°, the secontes Assets nedm custaN by JPMer can ChaseBank NA (Me 13enr1ere not subsea to SJPCcr exCen StPC44444!44 ..1P Mager, prangsInc JPMorgan Chase Bon* NA a Ner atttaes(the 'Mown Compamosqnqty prove! a actInnalueve «410,141 Mies drsk,Oononcr $hateIntlersavcesto JPMagen Funds AmatanCentury Funds or lures estebtshal SponWed «head a managed by bud pates and the Mogan Compones may be compensated for such minces IMPORTANT INFORMATION ABOUT YOUR JAWS, MARGIN ACCOUNT It Inert are any «Ma a Ornament on this statement oi if you nave any qualtions about it. please contact your JPMSI Account Representative or JPMSI Comphance Department at (212) 4133.2323 Please keep to robsetng m mid wren using bus statism so back >our /ANSI brokerage *ate ty This statenent combres )44, genera:team, ' account wan ma :peon' manyanclum account reputed by Spann 1106 Rogueton T As mauve:thy Reguebon T. a Permenentrecador your Sepwatescaent 4 eviebblevpon your request Important Information about Pricing and Valuations. Poore same et when are prov dad by meta t.onnoos or ow sources shuch no doom noattblo we not guaranteed fa accuracy a as 'eatable values Preece.« telexes n your account ~not segregate:land may be used n the operaion or JPMSIs business subtecl to the Amtahons of SEC Rule I5c3-3 Vines! ~vise instructed. JPMSJa le egenb end eleposens må hotl your secvnbes. Upon >gm dement( JPMSI wee pay to you the amount d yon beecredd balance. end niUdeAvetlo you hAyeat1 coca gas harv on your banal wines why te <Petro On anydeMbe4Me the method ct catersen2 nerteln deserted n a in( sent Io annwon customers You should henereoervcdseptrate./PMSIosnferrebons for each secuntes transecban AV bansaaxns we suteect to Ne Ism: and todoens shqed on the tenasestle of such confirms:0ns and we suboa to Me ~snubs" by-len customs and inkr(pectabons of the mneeptecestete ~cute:rand governed by and construe:, in accordance wish the km, of tie Stat or New Yoe and avappticaberedereusaa and regveCons. Further tnIcamaton nth respect to convnascfis end other chews tease ello the ex~of transecbons. mchalmgoterons hansactions, has been ~lifted n oonlameSons lat were ptovouslyturnehtdro you Upon v4,40, 404444 !FM& 4414,44ptly supply )44 ',Stn. Masi such Scimaton Ifs polmelde., ~Jew.), tweak, an 4449 of ettc4.6.3.~ed ›An Merg, Account se me axone the eV bya nettxxi we deem Wand equitable You "of pared,' advse..IPMS1or rneSenalchanges rn >ow miestmentobjecevesor bnartotstvabon Unless eau m~sthenvise macaw:ter ene ink( ~bon carentlyin is fifes to be completes& accurate JPMSF 4 ea a blink end µ a separate legal entry from ts bank a molt affAates mood,rg JPMCB The nitrates sad anered Ce re40oinx44414 by JPMSI 111 Ate not ~meet by the ~mat Dep03 it /nutmeg Corporaton a anytime( goverment& teener (2) Are not deposits er oar °Moslem of JP1tSla bank or Wit mantes (unless olhervne 'Alcatel) and are not guaranteed by 4f the r~ibtlty or any suet, .1,41244(uhien k4p144,y stad otherwise) and (3) hbeike IMSIMMOO td" induce., possio» loss of No (snoop( tmestod JPMSDs benign; &Does may be enders to issues of secedes met 'PUS, ~evert., in which caseproceeds d offerings um:law/eh° by JAYS may be used for the fepe4Inentd such loans end you should reef to tex disclosure documents reeLng b pertxubt senegester discussion of any such lending reActonships The Feder&Resenterequres that 'MASI obtan you, consent been .1 can obtain certain intimate n hem els bank or ant agates ~Wang thee each f evaliebon or you We waY assume Nat your continuing to baneset business with JPMSIr consMute >Qvconsent to the shrugd such information by JPMSI end its bank a Watt aft-Nate: lo the extent:ern/led bylaw JPMorgan Reel* Bonk es the marketing ~a fa the private banqng business conducted by J P Morgan Chase 8 Co through its sub:dates wended* mottIng JPMCD and JPMSI Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00037697 SDNY_GM_00306895 EFTA01511860