EFTA01511888

05 2005 Account Number FINANCIAL TRUST COMPANY, INC. May 01. 2005 - May 31 2005 J.P. Morgan Securities Inc. JPMorgan Private Bank Margin Account Portfolio Page 13 of 13 IMPORTANT INFORMATION ABOUT YOUR STATEMENT Contact your client service specialist If yOu think your statement is incorrect or you require additional m formation about a Uansection on your statement JPAISI a member or the SeCWfrbee tmastorPtotecton Capceabon ("WV') å not-lcopeoril MeMberSheCelpystOnti.mcled by fr 4ealneg otered min the Seto/desaid ExChangeCrYINSO On ~rtesend cash held ka a cusSamer account at JPMS/ are notecled up to tne total net cauCyol each account The fest COO 000 ere peotechon ha> orioles up lo $100 WO of pro!~ la cash is picketed by &PC As of March X04 the balance of the protection a crowded by a stank 'Execs:SI/IC Snob/Pond issued by Customer Asset Protectors Company &PC and erans SMCgotectenclo not protect against losses Porn fluctuations in the we've°, the securities /Wets herd., costar/ byJnake pan Chase Sena NA (Me 13ank,ere not subject to &PC," &tons SMCFotecbon JP Mayan Senektros Inc JPMorgan Chase Bank N A a the, affaMes (the Magan Comoanees7nuty provide admoalrobue. custodial saes &secy.», ce sh te odersavicesp dolkagan Funds A.ma.canCentu e Funds or folds estaheshed spaucced sensed cr manage:16y~ pectins and the Magen Companies nay be compensakel for such saxes IMPORTANT INFORMATION ABOUT YOUR JPMSI MARGIN ACCOUNT IT there era anY email Or OrmaatOna on this ararement oIt you have any Question about it. plena Genteel your JPMSI Account Reptnentative or JPMSI Compliance O•PseMliNst at (2)2) 4834727. Pleaso keep ye toeseneg in mind when use.; this statement to Sack >our JAMS! brokorno *eft cy Inc statement combo-es >cur genera:mare, account win the :float marnotandurn account rebored by Section 220 d Regan:on T As tenure:fey Row:aeon T. a peemenentmocedot your sepeesfeecdount is avanbbleupon >ea request Important Information about Pricing and Valuations. Prices some or when are provdod by pricing sconces a OM& sources each no doom fokatao ate not qua/embed toe accuracy a* as ~table values &cease« baitnses in your account are not segenatedand may be used in the operation or JPMSIs business. subject to the kmtabons of SEC Rule 1.5u3-3 Unless ~vac instructed. JPMSJP its agents and deposds nee ma hot! me stomata Upon >ces demand JPMS/ wit pay to you the amount or you, beecredd balance end' delve/to you hAy.pad seedas nett on you, behest interest *4 be «seepedOn arlycleNt balsrce the Method C. Calcoiratiq olefin:4 (*WOO motet», sent so eilmetoncustonxes You should hmereoenedsepreeteJPMSIosnfonstens for each secuntes transactor, AV transeGons as subject to the lams and sandtons staked on the rerasesde of such eentarmatons and we sub", to Me conabtuton bylera customs and inlepeetabons of the mmAstplacewhere e,ec&hdad bower red by and construed n accordance hmth the Aiwa of the Stale of Aiew Yerkand at apploadefederallows and regutabons Furth« Samaton mth respect to COnvna>C9,3 and other chaveste bled Po the ~eaten of framactocas. mcludongophons densest," has boon included in oontameåens that acre preveuslyturnished lo you Upon written repast !PM& ivA promptly suppinov man the best such Scienaten If pawcabq ~deem ~Ito an woe 0/ anted« ~led m >Qv Mohr, Account are wiYaAYdh the castbye method we deem terand equitable You nxist prone* adoseJPI4S0 of rrk0enalchanges tn >ow miestmentobfrobvesor Memel s4vabon Unless >et. SamJPIn othenvise ./PMSI wale:had« Me mkt maboncurrenWin ts fifeo to be complete and accvesk JPMS1 5 ned a hank and is o separate regal entry from Mk bank a mot; altdietes mciudn2 JPMCB The securities 9o10 "red CY recommended by JPIASJ (I) AM not insured by the aedeear Depotylinsurence Corporator> a any echo' goiwanentalnentY (2) Ale not depCa.ts or Other obtgetens of JP1.4314 bank er thnl affiki»3 (unless otherwise rnlice3ed) end are not guaranteed by a the rimporatity of any such arthetek (unless e.pt.YystiOed «herby«) and (V 'make ovesbnontroks ooludn bedsit.» oss of the /synced :masted JPMSI's baning alNetesmay be lenders to nuess of saccades that JPA4St undanrov. on which case proceeds el olgennos underwritten by :ANSI may be used kr the repeonentc4 such loans. end you shook, reef to Be disclosure documents retetng to patt-ubt »Nebel la discussion of any such lending re{stonships The FeclerelResentreouresthat 'PUS, oblen yw consent begged can obtain ceitaminformatonkom es bank a Witt at lates rncludmg the, aed4evefikstonot you We war assume that >Our ConMinne to transact business we') JPMSI w.it cons brute WVcon:en: to the sharing Or 3 IX/1 information by JPMSI end rts bank a WO affiliates lo the to tent tseenr/led by Mn JPMorgan P>wate Bank is the marketing fume ter tre private banker; busmen conduced by J P Morgan Chase & Co through rt: subsidmwes worktnete mottling JPMCB and JPMSI Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00037725 SDNY_GM_00306923 EFTA01511888