EFTA01524248

January 01, 2005 - January 11,2005 Page 4 of 5 Ghisiaine Maxwell Primary Account Number JPMorgan Private Bank Important Information about Your Statement Personal accounts are subjet to the Deposit Accounts Agreement or the General Terms For Accounts and Savices. Bminess accounts an subject to the Tams and Conditions for Commercial Accounts or the General Terms For Accounts and Services. Your account& unless of anue radical-non the Statemen t. are held by JPMorgan Chase Bank. N.A. (the "Bank"). Deposit accounts held at the Bank, including checking, savings, CD, and money market accotuus, are FDIC insured. In Case of Errors or Questions About Your Electronic Funds Transfers (personal accounts onM Telephone or write to the Bank if you think your statement or receipt is wrong. or if you need more munmation about an electronic transaction on a state lent or receipt The phone number for inquiries is printed on the front of this gateman. The address for inquiries appears below. We must ham fmm you no later than 60 days after we sent you the FIRST swami on which the error or problem appeared. • Tell us your name and account number. • Describe the emir or the transfer you an: unsure about. and explain as clearly as you can why you believe it is an error or why you need more information. • Tell us the dollar amount of the suspected error. Please direct all inquiries to your Morgan Account Officer at JI'Morgan Private Bank Client Service 500 Stanton Christiana Road. I MM'S3 Newark, DE 19711-2107 We will investigate your complaint and will correct any error promptly. If we take more than 10 tnsiness days to do this (20 business days for transactions outside the U.S. and point-of-salt tran.sactions), we will recrcdit your account for the amount you think is in error so that you will have use of the money during the time it takes us to complete our investigation. In Case of Errors or Questions About Non Electronic Transfers Please examine your account at once. If you feel an error has taken place or have queMons concerning a non-electronic transaction. telephone or write us within 30 clays. The phone number is printed on the front of this statement. The address appears above. If no report is received within this period, your account will be considered correct. Mutual FundsSecuriries Securities (including Mutual Funds) and annuities are not hank deposits and are not FDIC insured nor are they obligations of or guaranteed by JPMorgan Chase Bank. N.A. or its affiliates or any federal or state government or gm ernment agency or government sponsored agency. Securities (including mutual funds) and annuities ins oh e investment risks, including the possible loss of the principal amount invested. The distributor of the Jilvlorgan Funds is J.P. Morgan Funds Distributor, Inc. which is not alliliatel with the Bank. The Bank and its affiliates receive compensation from the JPhlorg.an Funds for Ixoviding services to the funds. Read the JPMorgan Funds prospectuses carefully for dank including fees and expeues, before investing or sending money. JPMorgan Select Shares of the Commerical Daily Tax Free Income Fund. Inc. and JPMorgan Select Shares of the New Jersey Daily Municipal Income Fund, Inc. are not part of, or affiliated with, the JPMorgan Family of Mutual Funds. Reich & Tang Distributors Inc. and Reich & Tang Asset Managanent L.P.. which are unaffiliated with ;PP:format. are the funds distributors and investment advisor. respectively. Reich & Tang Distributors Inc. is a membaNASD. IRA Accounts Accounts where the Bank serves as trususe or as disaetionary investment manager for an ERISA plan or an IRA that hold Fiduciary Shares (as deseribei Mow) do not bar am portion of invest matt. administrative. custodian or other charges paid to the Bank or its affiliates for sancta to the applicable JPMorgan Funds since these charges are subject to rebate as defined below. For accounts when the Bank saves as mina, or discretionary investment manager for an FRIBA plan or an IRA, which hold shares in the JPMorgan Funds other than Fiduciary. Shares, the Bait receives fees for services front the JPMorgan Funds but waives account fees with respect to the funds so held. Fiduciary. Shares are shares in the Select Shares class of 'Morgan Fax Aware Large Cap Value Fund, JPMorgan US Equity Fund, JPMorgan 'fax Aware US Equity Fund, JPMorgan Tax Aware Large Cap Growth Fund. JPMorgan Mid Cap Equity Fund, JPMorgan Trust Small Cap Equity Fund. JPMorgan Fleming International Equity Fund. JPMorgan Short Tam Bond Fund II, JPMorgan Bond Fund II, JPMorgan 'lax Aware Enhanced Income Fund, JPMorgan Tax Aware ShorbIntermaliate Income Fund, JPMorgan Intermediate Tax-Free Income rind. JPMorgan Tax-Free Income Fund. JPMorgan California Bond Fund. JPNIorgan NY Intermediate Tax Free Income Fund and JPMorgan NJ Tax Free Income Fund held in the Bank's trust accounts or in the Bank's investment management accounts for FRIBA plans or IRAs. "Rebate- means an amount returned by the Bank to the account which holds the Fiduciary Shares. The tame amount n:presans the portion of 9avicing fees paid to the Bank by the muttud fund with respect to Fiduciary Shares Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00052033 SDNY_GM_00321231 EFTA01524248