EFTA01538933

For the Period 11/1/10 to 11/30/10 Account Summary Account Number Investment Account(s) FINANCIAL TRUST COMPANY INC Total Value Statement Disclosures This account summary is provided for informational purposes and includes assets at different entities. (1) Assets held at JPMorgan Chase Bank, N.A., member Federal Deposit Insurance Corporation ("FDIC"), except for exchangelisted options, which are held at 3PMorgan Clearing Corporation ("JPMCC"). The Asset Account Statement reflects brokerage transactions executed through J.P. Morgan Securities LLC ("JPMS"), see "Portfolio Activity Detail". Equity securities, fixed income securities, and listed options transactions are generally cleared through JPMCC, a wholly owned subsidiary of 3PMS. Please see "Additional Information About Your Accounts" at the end of the Asset Account Statement. (2) Assets held in Margin Account at JPMCC, member Financial Regulatory Authority ("FINRA") and Securities Insurance Protection Corporation ("SIPC"). The Margin Account Statement reflects brokerage transactions executed by JPMS, see "Portfolio Activity Detail". Such transactions are cleared and carried through JPMCC. For important information regarding your accounts refer to the rear of your statement W23560001, 242006862 Beginning Net Market Value 65,800,792.94 5,437,462.01 $71,238,254.95 Ending Net Market Value 63,033,870.20 5,442,323.03 $68,476,193.23 Change In Value (2,766,922.74) 4,861.02 ($2,762,061.72) 55 Start on Page 5 46 Client News PROT0 Alert: If you plan to make gifts of securities this year, please notify your Client Service Representative before December 15, 2010. This will allow us to process your request before year-end and meet the deadline for tax filing purposes. 0000001878.00.0.20.00001.BELLE18.20101209 Page 1 of 57 PROT1 THIS PAGE INTENTIONALLY LEFT BLANK PROT2 Consolidated Summary INVESTMENT ACCOUNTS Asset Allocation Equity Cash & Short Term Fixed Income Convertibles Options Foreign Exchange Contracts Other Assets Market Value Accruals Market Value with Accruals Beginning Market Value 11,602,575.40 24,549,411.46 23,001,905.00 1,138,750.00 (1,894,168.63) (319,503.40) 12,868,021.07 $70,946,990.90 291,264.05 $71,238,254.95 Ending Market Value 11,621,600.00 25,025,844.07 22,077,754.60 405,600.00 (1,121,246.50) (175,457.34) 10,297,180.66 $68,131,275.49 344,917.74 $68,476,193.23 Change In Value 19,024.60 476,432.61 (924,150.40) (733,150.00) 772,922.13 144,046.06 (2,570,840.41) ($2,815,715.41) 53,653.69 ($2,762,061.72) Estimated PROT3 729,070.00 280,008.03 1,457,374.83 Current Annual Income Allocation 17% 35% 32% 1% Convertibles Other Assets Cash & Short Term 15% Equity $2,466,452.86 100% Fixed Income This Consolidated Summary shows all of your investments at J.P. Morgan other than investments we hold in trust for you. These investments may be held in custody or investment management account at JPMorgan Chase Bank, N.A. (the "Bank") or in a brokerage or margin account at J.P. Morgan Clearing Corp. ("JPMCC"). Brokerage and margin accounts are non-discretionary and all investment decisions are made by the client. J.P. Morgan Securities LLC ("JPMS") does not provide advice on asset allocation or investment management services, nor do its personnel take discretion over any client accounts. Such advice and services are provided exclusively by the Bank. Page 2 of 57 PROT4 Consolidated Summary Portfolio Activity Net Contributions/Withdrawals Beginning Market Value Income & Distributions Change in Investment Value Ending Market Value Accruals Market Value with Accruals CONTINUED Current Period Value 70,946,990.90 (10,919.92) (244,440.04) (2,560,355.45) $68,131,275.49 344,917.74 $68,476,193.23 Year-to-Date Value 0.00 67,829,185.62 1,649,030.42 (1,346,940.55) $68,131,275.49 344,917.74 $68,476,193.23 Page 3 of 57 PROT5 Consolidated Summary INVESTMENT ACCOUNT(S) YEAR-TO-DATE Total Value Tax Summary Total Value Account Number W23560001 24200686 $1,649,030.42 'Unrealized Gain/Loss represents data from the time of account inception to the current statement period. Account Number W23560001 24200686 CONTINUED Beginning Market Value 0.00 0.00 $0.00 Taxable Income 1,649,030.42 Net Contributions/ Withdrawals 62,453,929.62 5,375,256.00 $67,829,185.62 Tax-Exempt Income Other Income & Receipts Income & Distributions 1,649,030.42 $1,649,030.42 Change in Investment Value (1,414,007.58) 67,067.03 ($1,346,940.55 ) Realized Gain/Loss Short-term PROT6 (2,690,024.55) (210,381.16) ($2,900,405.71) Long-term Ending Market Value with Accruals 63,033,870.20 5,442,323.03 $68,476,193.23 Unrealized Gain/Loss, 179,589.65 411,750.00 $591,339.65 Page 4 of 57 PROT7 THIS PAGE INTENTIONALLY LEFT BLANK PROT8 JPMorgan Chase Bank, N.A. 270 Park Avenue, New York, NY 10017-2014 FINANCIAL TRUST COMPANY INC ACCT. W23560001 Asset Account J.P. Morgan Team Paul Morris Paul Barrett Janet Young William Doherty III Banker Investment Specialist Client Service Team Client Service Team 212-464-0701 (212) 622-2770 800/634-1318 Table of Contents Holdings Equity Cash and Short Term Fixed Income Convertibles Options Foreign Exchange Contracts Other Assets Online access www.MorganOnline.com For important information regarding your accounts refer to the rear of your statement Page 2 4 6 8 11 12 15 16 20 Account W23560001 Page 1 of 41 Page 5 of 57 PROT9 Equity Fixed Income Convertibles Options Foreign Exchange Contracts Other Assets Market Value Accruals Market Value with Accruals Beginning Ending Market Value 11,602,575.40 24,391,849.45 23,001,905.00 1,138,750.00 (1,753,318.63) (319,503.40) 7,447,271.07 $65,509,528.89 291,264.05 $65,800,792.94 Market Value 11,621,600.00 24,995,271.04 22,077,754.60 405,600.00 (1,121,246.50) (175,457.34) 4,885,430.66 $62,688,952.46 344,917.74 $63,033,870.20 Current Beginning Market Value Contributions Withdrawals & Fees Securities Transferred Out Net Contributions/Withdrawals Income & Distributions Change In Investment Value Ending Market Value Accruals Market Value with Accruals ($10,919.92) PROT10 (244,440.04) (2,565,216.47) $62,688,952.46 344,917.74 $63,033,870.20 (10,919.92) Period Value 65,509,528.89 Change In Value 19,024.60 603,421.59 (924,150.40) (733,150.00) 632,072.13 144,046.06 (2,561,840.41) ($2,820,576.43) 53,653.69 ($2,766,922.74) Year-to-Date Value 0.00 76,555,833.97 (8,558,644.35) (5,543,260.00) $62,453,929.62 1,649,030.42 (1,414,007.58) $62,688,952.46 344,917.74 $63,033,870.20 Account W23560001 Page 2 of 41 Page 6 of 57 Estimated 729,070.00 280,008.03 1,457,374.83 Current Annual Income Allocation 18% 37% 34% 1% 1% 9% $2,466,452 86 100% Equity Cash & Short Term PROT11 Fixed Income Convertibles Options Other Assets PROT12 Tax Summary Domestic Dividends/Distributions Currency Gain/Loss Interest Income Ordinary Income Original Issue Discount Accrued Interest Current Year Accrued Interest Subsequent Year Taxable Income CONTINUED Current Period Value (377,877.33) 93,162.84 40,274.45 Year-to-Date Value 27,800.00 31,520.32 2,135,107.87 47,770.75 40,274.45 (632,401.30) (1,041.67) ($244,440.04) $1,649,030.42 Unrealized Gain/Loss To-Date Value $179,589.65 ST Realized Gain/Loss Realized Gain/Loss Current Period Value 300,885.98 $300,885.98 Year-to-Date Value (2,690,024.55) ($2,690,024.55) Cost Summary Equity Cost Fixed Income Convertibles Other Assets Total 11,082,529.00 PROT13 24,702,045.49 22,136,956.00 400,000.00 5,650,165.00 $63,971,695.49 Account W23560001 Page 3 of 41 Page 7 of 57 PROT14 Equity Summary Asset Categories US Mid Cap/Small Cap Preferred Stocks Total Value Market Value/Cost Market Value Tax Cost Estimated Annual Income Yield Beginning Market Value 687,575.40 10,915,000.00 $11,602,575.40 Ending Market Value 553,500.00 11,068,100.00 $11,621,600.00 Current Period Value 11,621,600.00 11,082,529.00 539,071.00 729,070.00 6.27% Preferred Stocks Change In Value (134,075.40) 153,100.00 $19,024.60 Current Allocation 1% 17% 18% US Mid Cap/Small Cap Equity Account W23560001 Page 4 of 41 Page 8 of 57 PROT15 Equity Detail Estimated Quantity US Mid Cap/Small Cap DEUTSCHE BK AG LDN BRH DBL LONG ETN38 25154H-55-8 DAG Preferred Stocks CITIGROUP CAPITAL XIII 7 7/8% PFD 173080-20-1 C PNNA /BA1 3PM CHASE CAPITAL XXIX 6.7% PFD 48125E-20-7 3PM PC Total Preferred Stocks 430,000.000 $11,068,100.00 $10,730,000.00 $338,100.00 $729,070.00 6.59% 400,000.000 25.70 10,280,000.00 9,980,000.00 300,000.00 670,000.00 6.52% Price Market Value Tax Cost Adjusted Original Unrealized Gain/Loss Annual Income Accrued Dividends Yield 50,000.000 11.07 553,500.00 352,529.00 200,971.00 30,000.000 26.27 788,100.00 750,000.00 PROT16 38,100.00 59,070.00 7.50% Account W23560001 Page 5 of 41 Page 9 of 57 PROT17 Cash & Short Term Summary Beginning Cash Short Term Total Value Market Value Tax Cost Estimated Annual Income Accrued Interest Market Value 9,079,349.45 15,312,500.00 $24,391,849.45 Ending Market Value 9,661,771.04 15,333,500.00 $24,995,271.04 Current Period Value 24,995,271.04 24,702,045.49 293,225.55 280,008.03 59,503.87 SUMMARY BY MATURITY Short Term 6-12 months 15,333,500.00 Market Value SUMMARY BY TYPE Short Term Corporate Bonds Market Value 15,333,500.00 % of Bond Portfolio 100% Cash Change In Value 582,421.59 21,000.00 $603,421.59 PROT18 Current Allocation 15% 22% 37% Cash & Short Term Short Term Account W23560001 Page 6 of 41 Page 10 of 57 PROT19 Note: 0 - Bonds purchased at a discount show accretion. 1 Cash & Short Term Detail Quantity Cash CANADIAN DOLLAR US DOLLAR Total Cash Short Term FORD MOTOR CREDIT CO LLC FLOATING RATE NOTE JUN 15 2011 DTD 03/15/2007 345397-VF-7 B+ /BA2 0 JPM HARRAHS 14M CLN 09/20/11 INITIAL RATE 7.0% CPN WHERE MAX RATE IS 7.0% PER ANNUM DD 7/7/10 4662A0-2C-4 AA- /NR Total Short Term 15,000,000.00 $15,333,500.00 $15,040,274.45 $15,000,000.00 $293,225.55 $277,109.50 $59,270.00 Account W23560001 Page 7 of 41 Page 11 of 57 0.00% 10,000,000.00 102.21 10,221,000.00 10,040,274.45 10,000,000.00 180,725.55 5,000,000.00 102.25 5,112,500.00 5,000,000.00 112,500.00 277,109.50 59,270.00 1.32% 0.01 9,661,771.03 0.97 1.00 0.01 PROT20 9,661,771.03 $9,661,771.04 0.01 9,661,771.03 $9,661,771.04 $0.00 2,898.53 233.87 $2,898.53 $233.87 0.03% 0.03% Price Market Value Tax Cost Adjusted Original Estimated Unrealized Gain/Loss Annual Income Yield This is the Annual Percentage Yield (APY) which is the rate earned if balances remain on deposit for a full year with compounding, there is no change in the interest rate and all interest is left in the account. PROT21 Fixed Income Summary US Fixed Income - Taxable Non-US Fixed Income Total Value Market Value Tax Cost Estimated Annual Income Yield SUMMARY BY MATURITY Fixed Income Less than 5 years, 5-10 years, 10+ years, Total Value 1 Market Value 8,814,682.00 9,787,500.00 3,475,572.60 $22,077,754.60 % of Bond Portfolio 40% 44% 16% 100% The years indicate the number of years until the bond is scheduled to mature based on the statement end date. Some bonds may be called, or paid in full, before their stated maturity. Account W23560001 Page 8 of 41 Page 12 of 57 Beginning Market Value 22,678,134.00 323,771.00 $23,001,905.00 Ending Market Value 21,752,182.00 325,572.60 $22,077,754.60 Current Period Value 22,077,754.60 PROT22 22,136,956.00 (59,201.40) 1,457,374.83 285,413.87 6.12% SUMMARY BY TYPE Fixed Income Corporate Bonds International Bonds Total Value Market Value 21,752,182.00 325,572.60 $22,077,754.60 % of Bond Portfolio 99% 1% 100% US Fixed Income - Taxable Change In Value (925,952.00) 1,801.60 ($924,150.40) Current Allocation 33% 1% 34% Non-US Fixed Income Fixed Income PROT23 Fixed Income Detail Quantity US Fixed Income - Taxable FELCOR LODGING LP 10% OCT 01 2014 DTD 10/01/2009 31430Q-BA-4 B- /B2 FORD MOTOR CREDIT CO LLC SR NOTES 7% APR 15 2015 DTD 04/09/2010 345397-VN-0 B+ /BA2 CIT GROUP INC 7% MAY 01 2016 DTD 11/04/2009 125581-FW-3 B+ /B3 CIT GROUP INC 7% MAY 01 2017 DTD 11/04/2009 125581-FX-1 B+ /B3 GENERAL MOTORS CORP NOTES 8 3/8% JUL 15 2033 DTD 07/03/2003 IN DEFAULT 370442-BT-1 NR /WR Total US Fixed Income - Taxable 28,200,000.000 $21,752,182.00 $21,818,956.00 ($66,774.00) $1,364,000.00 $195,671.80 Account W23560001 Page 9 of 41 Page 13 of 57 5.78% 10,000,000.000 31.50 3,150,000.00 3,800,000.00 (650,000.00) 5,000,000.000 97.50 4,875,000.00 4,612,500.00 262,500.00 350,000.00 78,750.00 7.49% 5,000,000.000 98.25 PROT24 4,912,500.00 4,725,000.00 187,500.00 350,000.00 20,415.00 7.39% 5,200,000.000 105.69 5,495,932.00 5,523,956.00 (28,024.00) 364,000.00 46,508.80 5.52% Price Market Value Tax Cost Adjusted Original Estimated Unrealized Gain/Loss Annual Income Yield 3,000,000.000 110.63 3,318,750.00 3,157,500.00 161,250.00 300,000.00 49,998.00 6.80% PROT25 Quantity Non-US Fixed Income REPUBLIC OF ARGENTINA - ARS FLOATING RATE NOTE DEC 15 2035 DTD 11/01/2005 HELD BY EUROCLEAR ISIN:ARARGEO3E147 SEDOL:B1MYWX3 EC0698-9B-7 ARS Price Market Value Tax Cost Adjusted Original Estimated Unrealized Gain/Loss Annual Income Yield 10,000,000.000 3.26 325,572.60 318,000.00 7,572.60 93,374.83 89,742.07 28.96% Account W23560001 Page 10 of 41 Page 14 of 57 PROT26 Convertibles Summary Convertibles - Fixed Income Convertibles - Equity Total Value Market Value Tax Cost Convertibles Detail Estimated Quantity Convertibles - Equity GENERAL MOTORS CO CV PFD B 37045V-20-9 GM PB Price Market Value Tax Cost Adjusted Original Unrealized Gain/Loss Annual Income Accrued Dividends Yield Beginning Market Value 1,138,750.00 0.00 $1,138,750.00 Ending Market Value 0.00 405,600.00 $405,600.00 Current Period Value 405,600.00 400,000.00 5,600.00 Change In Value (1,138,750.00) 405,600.00 ($733,150.00) Current PROT27 Allocation Convertibles 1% 1% 8,000.000 50.70 405,600.00 400,000.00 5,600.00 Account W23560001 Page 11 of 41 Page 15 of 57 PROT28 Options Summary Foreign Exchange Other Total Value Market Value Beginning Market Value (1,609,712.33) (143,606.30) ($1,753,318.63 ) Ending Market Value (1,197,720.04) 76,473.54 ($1,121,246.50 ) Current Period Value (1,121,246.50) (1,121,246.50) Change In Value 411,992.29 220,079.84 $632,072.13 Current Allocation Options 1% 1% Account W23560001 Page 12 of 41 Page 16 of 57 PROT29 Options Detail Quantity Foreign Exchange 3PY CALL USD PUT FX EUROPEAN STYLE OPTION MAY 11, 2011 @ 93.5 KNOCKED IN @ 81.50 XJPYCA-NE-Z JPY PUT USD CALL FX EUROPEAN STYLE OPTION MAY 11, 2011 @ 93.5 XJPYPA-SQ-Z Total Foreign Exchange Other DJUBCN3T CALL OPTION USD PUT OPTION STRIKE 76.5053 EXPIRES 12/21/2010 PART OF COLLAR REF 6018672 OTCEQC-ZX-F DJUBCN3T PUT OPTION USD CALL OPTION STRIKE 70.0530 EXPIRES 12/21/2010 PART OF COLLAR REF 6018672 OTCEQP-ZX-F 2,500,000.000 0.01 13,078.59 125,750.00 (112,671.41) (2,500,000.000 ) 0.04 (103,116.37) (125,750.00) 22,633.63 ($1,197,720.04) $0.00 ($1,197,720.04) 935,000,000.000 35,823.77 470,000.00 (434,176.23) Price Market Value Premium Unrealized Gain/Loss PROT30 (935,000,000.000 ) 0.13 (1,233,543.81) (470,000.00) (763,543.81) Account W23560001 Page 13 of 41 Page 17 of 57 PROT31 Quantity Other WTI CALL OPTION USD PUT OPTION STRIKE 90.00 EXPIRES 12/15/2010 100,000 BARRELS OTCBDC-GW-X WTI CALL OPTION USD PUT OPTION STRIKE 100.00 EXPIRES 05/17/2011 100,000 BARRELS OTCBDC-GW-Y WTI PUT OPTION USD CALL OPTION STRIKE 65.50 EXPIRES 12/15/2010 100,000 BARRELS OTCBDP-EX-K WTI PUT OPTION USD CALL OPTION STRIKE 63.00 EXPIRES 05/17/2011 100,000 BARRELS OTCBDP-EX-L Total Other $76,473.54 $0.00 $76,473.54 (10.000) 10,511.09 (105,110.85) (450,000.00) 344,889.15 (10.000) 6.70 (67.04) (400,000.00) 399,932.96 10.000 23,906.80 239,068.03 450,000.00 (210,931.97) 10.000 3,262.12 32,621.18 400,000.00 PROT32 (367,378.82) Price Market Value Premium Unrealized Gain/Loss Account W23560001 Page 14 of 41 Page 18 of 57 PROT33 Foreign Exchange Contracts Summary NET CURRENCY EXPOSURE SUMMARY Value in Currency INDIAN RUPEE US DOLLAR 457,000,000.00 (9,987,979.45) Foreign Exchange Contracts Detail Market Value Receivable Trade Date Speculative INDIAN RUPEE US DOLLAR Currency Settlement Date Counter Currency Amount Counter Amount Contract Rate Current Market Forward Rate Market Value Payable Unrealized Gain/Loss Nov. 15 10 Feb. 18 11 INR USD 457,000,000.00 (9,987,979.45) 45.755000 46.573143 9,812,522.11 9,987,979.45 (175,457.34) Account W23560001 Page 15 of 41 Page 19 of 57 PROT34 Other Assets Summary Swaps Structured Investments Total Value Estimated Value Tax Cost Estimated Gain/Loss Beginning 793,808.41 6,653,462.66 $7,447,271.07 Ending (1,286,875.34) 6,172,306.00 $4,885,430.66 Current Period Value 4,885,430.66 5,650,165.00 522,141.00 Change In Value (2,080,683.75) (481,156.66) ($2,561,840.41 ) Current Allocation Other Assets 9% 9% Account W23560001 Page 16 of 41 Page 20 of 57 PROT35 Other Assets Detail Cost Quantity Swaps LONG TOTAL RETURN SWAP 4,775,970.00 USD NOTIONAL GOLDMAN SACHS GRP INC MAT APR 29 2011 DEAL 5508960 N/O Client SWPBDE-TJ-3 3,208,420 USD NOTIONAL GOLDMAN SACHS GRP INC MAT APRIL 28 2011 DEAL 5499085 N/O Client SWPBDE-WG-5 3,008,270.00 USD NOTIONAL BP MAT NOV 16 2011 DEAL 5958346 N/O Client SWPBDG-UX-5 SX5E DIVIDEND SWAP FIXED STRIKE EUR 112.10 NUMBER OF BASKET 89,206 MAT DEC 16 2011 DEAL 4444220 N/O Client SWPBDE-PR-9 EUR 89,206.000 1.98 176,965.21 N/A 71,000.000 2.39 (169,969.07) N/A 20,000.000 4.06 (81,116.46) N/A 30,000.000 2.81 (84,290.50) N/A Price Estimated Value Adjusted Original PROT36 Estimated Gain/Loss Accruals Account W23560001 Page 17 of 41 Page 21 of 57 PROT37 Cost Quantity Swaps SXSE DIVIDEND SWAP FIXED STRIKE EUR 113.30 NUMBER OF BASKET 88,261 MAT DEC 21 2012 DEAL 4444219 N/O Client SWPBDE-PS-7 EUR SXSE DIVIDEND SWAP FIXED STRIKE EUR 100.00 NUMBER OF BASKET 50,000 MAT DEC 21 2012 DEAL 4458593 N/O Client SWPBDE-WW-0 EUR Total Swaps 3PM CORN DLY LIQUIDITY NT 07/25/13 LNKD TO DJUBCN3T 07/22/10 48124A-WK-9 3PM MARKET PLUS PFE 04/24/12 75% CONTIN BARRIER-12.2%CPN ,UNCAPPED INITIAL LEVEL-10/19/10 PFE: 17.39 48124A-T6-4 3,000,000.000 94.06 2,821,800.00 3,000,000.00 (178,200.00) 2,500,000.000 133.82 3,345,500.00 2,512,500.00 833,000.00 ($1,286,875.34) $0.00 $0.00 50,000.000 2.57 128,639.72 N/A 88,261.000 14.24 (1,257,104.24) N/A Price Estimated PROT38 Value Adjusted Original Estimated Gain/Loss Accruals Account W23560001 Page 18 of 41 Page 22 of 57 PROT39 Cost Quantity 3PM PUT SPREAD WARRANT W ZO 12/03/10 STRIKE LEVEL -$6.00/BUSHEL, $27.50 INITIAL LEVEL -08/13/10 W ZO:734.25 48121C-32-0 Total Structured Investments 5,505,006.000 $6,172,306.00 $5,650,165.00 $522,141.00 5,006.000 100.00 5,006.00 137,665.00 (132,659.00) Price Estimated Value Adjusted Original Estimated Gain/Loss Accruals Account W23560001 Page 19 of 41 Page 23 of 57 PROT40 Portfolio Activity Summary - U S Dollar Beginning Cash Balance Current Transactions INFLOWS Income Contributions Foreign Exchange - Inflows Total Inflows OUTFLOWS Withdrawals Interest Purchased Foreign Exchange - Outflows Total Outflows TRADE ACTIVITY Settled Sales/Maturities/Redemptions Settled Securities Purchased Total Trade Activity Ending Cash Balance 4,760,552.68 (3,810,515.00) $950,037.68 $9,661,771.03 * Year to date information is calculated on a calendar year basis. 45,235,264.45 (104,423,168.25) ($59,187,903.80) -(10,563,793.47) ($10,574,713.39) 10,121,816.16 $10,214,979.00 (10,919.92) Period Value 9,071,467.74 93,162.84 Year-To-Date Value* -1,530,506.57 76,555,833.96 71,222,766.52 $149,309,107.05 (8,558,644.35) (1,041.67) (71,899,746.20) ($80,459,432.22) Current Cost Adjustments PROT41 Accretion Total Cost Adjustments Period Value 40,274.45 $40,274.45 Year-To-Date Value* 40,274.45 $40,274.45 Account W23560001 Page 20 of 41 Page 24 of 57 PROT42 Portfolio Activity Detail - U S Dollar INFLOWS & OUTFLOWS Settlement Date 11/1 Type Interest Income Description DEPOSIT SWEEP INTEREST FOR OCT. @ .03% RATE ON NET AVG COLLECTED BALANCE OF $11,024,183.53 AS OF 11/01/10 11/4 Misc. Disbursement 4,775,970.00 USD NOTIONAL GOLDMAN SACHS GRP INC MAT APR 29 2011 DEAL 5508960 SWAP RESET PAYMENT 11/5 Spot FX SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD EXCHANGE RATE 1.411530000 DEAL 11/03/10 VALUE 11/05/10 11/8 Receipt of Assets 3,008,270.00 USD NOTIONAL BP MAT NOV 03 2011 DEAL 5955541 TRADE DATE 11/03/10 11/10 Forward FX Contract SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.411500000 TRADE 11/03/10 VALUE 11/10/10 11/10 Corporate Interest CIT GROUP INC 7% MAY 01 2016 DTD 11/04/2009 5,000,000.000 0.018 87,500.00 212,415.590 290,977.47 (299,824.60) PROT43 71,000.000 2,500.000 3,528.82 (3,528.82) (10,919.92) Quantity Cost Per Unit Amount Amount 280.90 Account W23560001 Page 21 of 41 Page 25 of 57 PROT44 Settlement Date 11/16 11/22 Type Accrued Interest Received Description AMR CORP CV 6 1/4% OCT 15 2014 DTD 09/28/2009 BUY INR SELL USD CONTRACT RATE : 44.540000000 TRADE 10/18/10 VALUE 11/22/10 11/22 BUY USD SELL INR CONTRACT RATE : 45.150000000 TRADE 11/15/10 VALUE 11/22/10 Total Inflows & Outflows ($359,734.39) (457,000,000.000 ) (10,063,862.58) 10,121,816.16 457,000,000.000 10,063,862.58 (10,260,440.05) Quantity Cost Per Unit Amount 1,000,000.000 0.005 Amount 5,381.94 Account W23560001 Page 22 of 41 Page 26 of 57 PROT45 TRADE ACTIVITY Note: S Trade Date 10/27 Settlement Date 11/2 indicates Short Term Realized Gain/Loss Settled transaction was initiated in prior statement period and settled in current statement period Type Sale Description PACIFIC BIOSCIENCES OF CALIF @ 16.75 50,250.00 BROKERAGE TAX &/OR SEC 10/27 11/2 Sale PROLOGIS @ 13.08672 BROKERAGE TAX &/OR SEC 10/28 11/2 Sale 150.00 .85 J.P. MORGAN SECURITIES LLC TRADE DATE 10/27/10 (30,000.000) 392,601.60 1,500.00 6.64 TRADE DATE 10/27/10 SEACUBE CONTAINER LEASING LT @ 10.84266 48,791.97 BROKERAGE TAX &/OR SEC 10/29 11/3 PROT46 Sale 225.00 .83 TRADE DATE 10/28/10 FLAGSTAR BANCORP INC @ 24.16175 BROKERAGE TAX &/OR SEC (4,899.000) 118,368.41 244.95 2.01 TRADE DATE 10/29/10 24.111 118,121.45 (97,980.00) 20,141.45 S* (4,500.000) 10.792 48,566.14 (45,000.00) 3,566.14 S* 13.036 391,094.96 (369,000.00) 22,094.96 S* Quantity (3,000.000) Per Unit Amount 16.70 Proceeds 50,099.15 Tax Cost (48,000.00) Realized Gain/Loss 2,099.15 S* Account W23560001 Page 23 of 41 Page 27 of 57 PROT47 Trade Date 11/2 Settlement Date 11/5 Type Sale Description FLAGSTAR BANCORP INC @ 1.16 BROKERAGE TAX &/OR SEC 11/3 11/8 Sale Quantity (40,020.000) 46,423.20 800.40 .79 TRADE DATE 11/02/10 CORPORATE OFFICE PROPERTIES TRUST @ 36.08701 BROKERAGE TAX &/OR SEC 11/3 11/8 Sale HCP, INC @ 35.67525 BROKERAGE TAX &/OR SEC 11/3 11/10 Sale 35,675.25 100.00 .61 SODASTREAM INTERNATIONAL LTD @ 24.638 36,957.00 BROKERAGE TAX &/OR SEC 11/5 PROT48 11/10 Sale 100.00 .63 FRESH MARKET INC THE @ 32.2795 BROKERAGE TAX &/OR SEC (3,000.000) 96,838.50 150.00 1.64 TRADE DATE 11/05/10 Account W23560001 Page 24 of 41 Page 28 of 57 32.229 96,686.86 (66,000.00) 30,686.86 S (1,500.000) 24.571 36,856.37 (30,000.00) 6,856.37 S 126,304.54 175.00 2.14 (1,000.000) 35.575 35,574.64 (35,250.00) 324.64 S (3,500.000) 36.036 126,127.40 (119,875.00) 6,252.40 S Per Unit Amount 1.14 Proceeds 45,622.01 Tax Cost (40,020.00) Realized Gain/Loss PROT49 5,602.01 S PROT50 Trade Date 11/5 Settlement Date 11/10 Type Sale Description WESTAR ENERGY INC @ 25.57241 BROKERAGE TAX &/OR SEC 11/10 11/16 Sale AMR CORP CV 6 1/4% OCT 15 2014 DTD 09/28/2009 @ 120.25 JP MORGAN SECURITIES LLC (BIDL) TRADE DATE 11/10/10 11/10 11/16 Sale WESTPORT INNOVATIONS INC @ 17.31033 51,930.99 BROKERAGE TAX &/OR SEC 11/11 11/16 Sale 150.00 .88 ENBRIDGE ENERGY PARTNERS L P UNIT OF LIMITED PARTNERSHIP INT @ 60.15 210,525.00 BROKERAGE TAX &/OR SEC 175.00 3.56 TRADE DATE 11/11/10 (3,500.000) PROT51 60.099 210,346.44 (210,420.00) (73.56) S (3,000.000) 17.26 51,780.11 (52,500.00) (719.89) S Quantity (3,000.000) 76,717.23 150.00 1.30 TRADE DATE 11/05/10 (1,000,000.000 ) 120.30 1,202,500.00 (1,001,250.00) 201,250.00 S Per Unit Amount 25.522 Proceeds 76,565.93 Tax Cost (76,620.00) Realized Gain/Loss (54.07) S Account W23560001 Page 25 of 41 Page 29 of 57 PROT52 Trade Date 11/11 Settlement Date 11/16 Type Sale Description SUNSTONE HOTEL INVESTORS-W/D @ 9.90193 54,460.62 BROKERAGE TAX &/OR SEC 11/10 11/17 Sale 275.00 .93 NOAH HOLDINGS LTD SPON ADS @ 15.95225 31,904.50 BROKERAGE TAX &/OR SEC 11/11 11/17 Sale 100.00 .54 APPROACH RESOURCES INC @ 17.96028 62,860.98 BROKERAGE TAX &/OR SEC 11/11 11/17 Sale BLACK HILLS CORP @ 30.208 BROKERAGE TAX &/OR SEC 11/11 11/17 Sale PROT53 175.00 1.07 (7,000.000) 211,456.00 350.00 3.58 WATSON PHARMACEUTICALS INC @ 50.22731 BROKERAGE TAX &/OR SEC 100,454.62 100.00 1.70 Account W23560001 Page 26 of 41 Page 30 of 57 (2,000.000) 50.176 100,352.92 (99,500.00) 852.92 S 30.157 211,102.42 (208,250.00) 2,852.42 S (3,500.000) 17.91 62,684.91 (56,875.00) 5,809.91 S (2,000.000) 15.902 31,803.96 (24,000.00) 7,803.96 S Quantity (5,500.000) Per Unit Amount 9.852 Proceeds 54,184.69 Tax Cost (56,375.00) Realized Gain/Loss PROT54 (2,190.31) S PROT55 Trade Date 11/12 Settlement Date 11/17 Type Sale Description SENSATA TECHNOLOGIES HOLDING @ 24.746 49,492.00 BROKERAGE TAX &/OR SEC 11/12 11/17 Sale SWIFT ENERGY CO @ 36.4815 BROKERAGE TAX &/OR SEC 11/16 11/19 Sale 100.00 .84 TRADE DATE 11/12/10 (2,000.000) 72,963.00 100.00 1.24 TRADE DATE 11/12/10 PLAINS ALL AMERICAN PIPELINE L P UNIT OF LIMITED PARTNERSHIP INT @ 61.6805 123,361.00 BROKERAGE TAX &/OR SEC 11/16 11/19 Sale 100.00 2.09 TRADE DATE 11/16/10 TRW AUTOMOTIVE HOLDING CORP PROT56 @ 46.50 116,250.00 BROKERAGE TAX &/OR SEC 125.00 1.97 TRADE DATE 11/16/10 (2,500.000) 46.449 116,123.03 (121,250.00) (5,126.97) S (2,000.000) 61.629 123,258.91 (125,200.00) (1,941.09) S 36.431 72,861.76 (73,200.00) (338.24) S Quantity (2,000.000) Per Unit Amount 24.696 Proceeds 49,391.16 Tax Cost (48,200.00) Realized Gain/Loss 1,191.16 S Account W23560001 Page 27 of 41 Page 31 of 57 PROT57 Trade Date 11/18 Settlement Date 11/24 Type Sale Description GENERAL MOTORS CO @ 34.00 BROKERAGE TAX &/OR SEC 11/22 11/26 Sale Quantity (40,000.000) 1,360,000.00 2,000.00 22.99 TRADE DATE 11/18/10 AEROFLEX HOLDING CORP @ 13.3235 BROKERAGE TAX &/OR SEC 11/22 11/26 Sale (2,000.000) 26,647.00 100.00 .46 TRADE DATE 11/22/10 LPL INVESTMENT HOLDINGS INC @ 32.2125 64,425.00 BROKERAGE TAX &/OR SEC Total Settled Sales/Maturities/Redemptions Trade Date Settlement Date 11/1 Type PROT58 10/26 Purchase Description PACIFIC BIOSCIENCES OF CALIF @ 16.00 TRADE DATE 10/26/10 Account W23560001 Page 28 of 41 Page 32 of 57 Quantity 3,000.000 Per Unit Amount 16.00 100.00 1.09 TRADE DATE 11/22/10 $4,760,552.68 ($4,411,765.00) $348,787.68 S (2,000.000) 32.162 64,323.91 (60,000.00) 4,323.91 S 13.273 26,546.54 (27,000.00) (453.46) S Per Unit Amount 33.949 Proceeds 1,357,977.01 Tax Cost (1,320,000.00) Realized Gain/Loss 37,977.01 S Market Cost (48,000.00) * PROT59 Trade Date Settlement Date 11/1 Type 10/26 Purchase Description PROLOGIS @ 12.30 TRADE DATE 10/26/10 10/27 11/2 Purchase SEACUBE CONTAINER LEASING LT @ 10.00 TRADE DATE 10/27/10 10/28 11/2 Purchase FLAGSTAR BANCORP INC @ 1.00 TRADE DATE 10/28/10 10/28 11/2 Purchase FLAGSTAR BANCORP INC @ 20.00 TRADE DATE 10/28/10 11/2 11/5 Purchase CORPORATE OFFICE PROPERTIES TRUST @ 34.25 TRADE DATE 11/02/10 11/3 11/8 Purchase HCP, INC @ 35.25 PROT60 11/3 11/9 Purchase SODASTREAM INTERNATIONAL LTD @ 20.00 Account W23560001 Page 29 of 41 Page 33 of 57 1,500.000 20.00 (30,000.00) 1,000.000 35.25 (35,250.00) 3,500.000 34.25 (119,875.00) 4,899.000 20.00 (97,980.00) * 40,020.000 1.00 (40,020.00) * 4,500.000 10.00 (45,000.00) * Quantity 30,000.000 Per Unit Amount 12.30 Market Cost (369,000.00) * PROT61 Trade Date Settlement Date 11/10 Type 11/4 Purchase Description FRESH MARKET INC THE @ 22.00 TRADE DATE 11/04/10 11/4 11/10 Purchase WESTAR ENERGY INC @ 25.54 TRADE DATE 11/04/10 11/9 11/15 Purchase SUNSTONE HOTEL INVESTORS-W/D @ 10.25 TRADE DATE 11/09/10 11/10 11/15 Purchase ENBRIDGE ENERGY PARTNERS L P UNIT OF LIMITED PARTNERSHIP INT @ 60.12 11/9 11/15 Purchase WESTPORT INNOVATIONS INC @ 17.50 TRADE DATE 11/09/10 11/9 11/16 Purchase NOAH HOLDINGS LTD SPON ADS @ 12.00 PROT62 TRADE DATE 11/09/10 2,000.000 12.00 (24,000.00) 3,000.000 17.50 (52,500.00) 3,500.000 60.12 (210,420.00) 5,500.000 10.25 (56,375.00) 3,000.000 25.54 (76,620.00) Quantity 3,000.000 Per Unit Amount 22.00 Market Cost (66,000.00) Account W23560001 Page 30 of 41 Page 34 of 57 PROT63 Trade Date Settlement Date 11/17 Type 11/10 Purchase Description APPROACH RESOURCES INC @ 16.25 11/10 11/17 Purchase BLACK HILLS CORP @ 29.75 11/10 11/17 Purchase WATSON PHARMACEUTICALS INC @ 49.75 11/12 11/17 Purchase SENSATA TECHNOLOGIES HOLDING @ 24.10 TRADE DATE 11/12/10 11/11 11/17 Purchase SWIFT ENERGY CO @ 36.60 11/16 11/19 Purchase PLAINS ALL AMERICAN PIPELINE L P UNIT OF LIMITED PARTNERSHIP INT @ 62.60 PROT64 TRADE DATE 11/16/10 2,000.000 62.60 (125,200.00) 2,000.000 36.60 (73,200.00) 2,000.000 24.10 (48,200.00) 2,000.000 49.75 (99,500.00) 7,000.000 29.75 (208,250.00) Quantity 3,500.000 Per Unit Amount 16.25 Market Cost (56,875.00) Account W23560001 Page 31 of 41 Page 35 of 57 PROT65 Trade Date Settlement Date 11/19 Type 11/16 Purchase Description TRW AUTOMOTIVE HOLDING CORP @ 48.50 TRADE DATE 11/16/10 11/18 11/23 Purchase GENERAL MOTORS CO CV PFD B @ 50.00 TRADE DATE 11/18/10 11/18 11/23 Purchase LPL INVESTMENT HOLDINGS INC @ 30.00 TRADE DATE 11/18/10 11/18 11/24 Purchase GENERAL MOTORS CO @ 33.00 TRADE DATE 11/18/10 11/19 11/24 Purchase AEROFLEX HOLDING CORP @ 13.50 TRADE DATE 11/19/10 Total Settled Securities Purchased ($3,810,515.00) 2,000.000 13.50 (27,000.00) 40,000.000 PROT66 33.00 (1,320,000.00) 2,000.000 30.00 (60,000.00) 8,000.000 50.00 (400,000.00) Quantity 2,500.000 Per Unit Amount 48.50 Market Cost (121,250.00) Account W23560001 Page 32 of 41 Page 36 of 57 PROT67 COST ADJUSTMENTS Settlement Date 11/30 Type Orig. Issue Discount Description JPM HARRAHS 14M CLN 09/20/11 INITIAL RATE 7.0% CPN WHERE MAX RATE IS 7.0% PER ANNUM DD 7/7/10 CORPORATE BOND OID Quantity 10,000,000.000 Cost Basis Adjustments 40,274.45 Account W23560001 Page 33 of 41 Page 37 of 57 PROT68 Portfolio Activity Summary - Euro Current Transactions INFLOWS Total Inflows Foreign Exchange - Inflows OUTFLOWS Total Outflows Period Value -7,143,755.77 $7,143,755.77 Foreign Exchange - Outflows TRADE ACTIVITY Total Trade Activity (3,503.50) ($3,503.50) -(456,060.36) 80,824.48 ($375,235.88) -(2,500.00) (2,500.00) 0.00 (350,750.00) 63,000.00 (287,750.00) -(7,140,226.95) ($7,140,226.95) US Dollar Value Local Value Year-To-Date Value* -7,836,059.69 $7,836,059.69 (7,462,082.95) ($7,462,082.95) Current Period Value 0.00 5,214,915.59 5,214,915.59 (5,212,415.59) PROT69 (5,212,415.59) Year-To-Date Value* -5,760,165.59 5,760,165.59 (5,472,415.59) (5,472,415.59) Account W23560001 Page 34 of 41 Page 38 of 57 PROT70 Portfolio Activity Detail - Euro Settlement Date 11/5 Type Spot FX Description SPOT CURRENCY TRANSACTION - BUY BUY EUR SELL USD EXCHANGE RATE 1.411530000 DEAL 11/03/10 VALUE 11/05/10 11/10 BUY EUR SELL HUF CONTRACT RATE : 283.300000000 TRADE 8/06/10 VALUE 11/10/10 11/10 BUY HUF SELL EUR CONTRACT RATE : 271.755000000 TRADE 11/03/10 VALUE 11/10/10 11/10 BUY EUR SELL USD CONTRACT RATE : 1.411500000 TRADE 11/03/10 VALUE 11/10/10 Total Inflows & Outflows $3,528.82 $335,792.42 (299,824.600) 290,977.47 212,415.59 (8,847.13) 1,416,500,000.000 (7,140,226.95) (5,212,415.59) 141,140.17 (1,416,500,000.000 ) 6,849,249.48 5,000,000.00 203,499.38 Quantity (3,528.820) Per Unit Amount USD PROT71 Local Value Amount USD Local Value 3,528.82 2,500.00 Currency Gain/Loss USD Account W23560001 Page 35 of 41 Page 39 of 57 PROT72 TRADE ACTIVITY - Euro Note: Trade Date 11/3 Settlement Date 11/5 C indicates Currency Gain/Loss Per Unit Type Option Buyback Description HUF PUT EUR CALL FX EUROPEAN STYLE OPTION NOV 10, 2010 @ 297.5 REPURCHASE OF WRITTEN FX OPTION Quantity 1,487,500,000.000 Amount USD Local Value Proceeds USD Local Value (3,503.50) (2,500.00) Tax Cost USD Realized Local Value Gain/Loss USD 64,099.98 50,000.00 60,596.48 C Per Unit Market Trade Date 11/3 Settlement Date 11/5 Type Sale Description HUF PUT EUR CALL FX EUROPEAN STYLE OPTION NOV 10, 2010 @ 297.5 REPURCHASE OF WRITTEN FX OPTION PROT73 Quantity (2,500.000) Amount USD Local Value Cost USD Local Value Currency Gain/Loss USD (25.32) Account W23560001 Page 36 of 41 Page 40 of 57 PROT74 Portfolio Activity Summary - Hungarian Forint US Dollar Value Current Transactions INFLOWS Total Inflows Foreign Exchange - Inflows OUTFLOWS Total Outflows Period Value -7,075,268.83 $7,075,268.83 Foreign Exchange - Outflows Portfolio Activity Detail - Hungarian Forint Settlement Date 11/10 Type Description BUY EUR SELL HUF CONTRACT RATE : 283 300000000 TRADE 8/06/10 VALUE 11/10/10 Quantity 5,000,000.000 (7,075,268.83) ($7,075,268.83) -Year-To-Date Value* -7,075,268.83 $7,075,268.83 (7,075,268.83) ($7,075,268.83) -Local Value Current Period Value 0.00 1,416,500,000.00 1,416,500,000.00 (1,416,500,000.00 ) (1,416,500,000.00 ) 0.00 PROT75 Year-To-Date Value* -1,416,500,000.00 1,416,500,000.00 (1,416,500,000.00 ) (1,416,500,000.00 ) -Per Unit Amount USD Local Value Amount USD Local Value (7,075,268.83) (1,416,500,000.00 ) Currency Gain/Loss USD (429,518.73) Account W23560001 Page 37 of 41 Page 41 of 57 PROT76 Per Unit Settlement Date 11/10 Type Description BUY HUF SELL EUR CONTRACT RATE : 271.755000000 TRADE 11/03/10 VALUE 11/10/10 Total Inflows & Outflows $0.00 ($635,617.02) Quantity (5,212,415.590 ) Amount USD Local Value Amount USD Local Value 7,075,268.83 1,416,500,000.00 Currency Gain/Loss USD (206,098.29) Account W23560001 Page 38 of 41 Page 42 of 57 PROT77 Portfolio Activity Summary - Indian Rupee US Dollar Value Current Transactions INFLOWS Total Inflows Foreign Exchange - Inflows OUTFLOWS Total Outflows Period Value -10,063,862.58 $10,063,862.58 Foreign Exchange - Outflows Portfolio Activity Detail - Indian Rupee Settlement Date 11/22 Type Description BUY INR SELL USD CONTRACT RATE : 44.540000000 TRADE 10/18/10 VALUE 11/22/10 Quantity (10,260,440.050 ) (10,063,862.58) ($10,063,862.58) -Year-To-Date Value* -40,118,445.74 $40,118,445.74 (40,063,779.27) ($40,063,779.27) -Local Value Current Period Value 0.00 457,000,000.00 457,000,000.00 (457,000,000.00) (457,000,000.00) 0.00 PROT78 Year-To-Date Value* -1,817,500,000.00 1,817,500,000.00 (1,817,500,000.00 ) (1,817,500,000.00 ) -Per Unit Amount USD Local Value Amount USD Local Value 10,063,862.58 457,000,000.00 Currency Gain/Loss USD (196,577.47) Account W23560001 Page 39 of 41 Page 43 of 57 PROT79 Per Unit Settlement Date 11/22 Type Description BUY USD SELL INR CONTRACT RATE : 45.150000000 TRADE 11/15/10 VALUE 11/22/10 Total Inflows & Outflows $0.00 ($138,623.89) Quantity 10,121,816.160 Amount USD Local Value Amount USD Local Value (10,063,862.58) (457,000,000.00) Currency Gain/Loss USD 57,953.58 Account W23560001 Page 40 of 41 Page 44 of 57 PROT80 Settled Foreign Exchange Contracts Currency Trade Date Settle Date Counter Currency Trade Related EURO U S DOLLAR Speculative EURO HUNGARIAN FORINT EURO HUNGARIAN FORINT EURO U S DOLLAR INDIAN RUPEE U S DOLLAR INDIAN RUPEE U S DOLLAR Nov. 3 10 Nov. 5 10 EUR USD Amount Counter Amount Contract Rate Revaluation Rate 2,500.00 (3,528.82) 1.411530 1.411530 Contracted Base Amount USD (3,528.82) Revalued Amount USD 3,528.82 Currency G/L Aug. Nov. EUR 6 10 10 10 Nov. 3 10 Nov. 10 10 Nov. 3 10 Nov. 10 10 Oct. 18 10 Nov. 22 10 Nov. 15 10 Nov. 22 10 EUR EUR USD PROT81 USD USD 5,000,000.00 HUF (1,416,500,000.00 ) (5,212,415.59) HUF 1,416,500,000.00 212,415.59 (299,824.60) INR 457,000,000.00 (10,260,440.05) INR (457,000,000.00) 10,121,816.16 44.540000 45.150000 45.410000 45.410000 (10,260,440.05) 10,121,816.16 10,063,862.58 (10,063,862.58) (196,577.47) 57,953.58 283.300000 271.755000 1.411500 292.648657 269.282713 1.369850 (7,075,268.83) 7,075,268.83 (299,824.60) 6,849,249.48 (7,140,226.95) 290,977.47 (226,019.35) (64,958.12) (8,847.13) Account W23560001 Page 41 of 41 Page 45 of 57 PROT82 THIS PAGE INTENTIONALLY LEFT BLANK PROT83 J.P. Morgan Securities LLC 383 Madison Avenue, New York, NY 10179 ACCT. 24200686 Margin Account J.P. Morgan Team Paul Morris Paul Barrett Janet Young William Doherty III Online access Banker Investment Specialist Client Service Team Client Service Team www.MorganOnline.com Transactions cleared and carried through J.P. Morgan Clearing Corp. - One Metrotech Center North, Brooklyn, NY 11201-3859, (347) 643-2578 For important information regarding your accounts refer to the rear of your statement 212-464-0701 (212) 622-2770 800/634-1318 Table of Contents Holdings Cash and Short Term Options Other Assets 4 5 6 7 Page 2 Account 24200686 Page 1 of 9 Page 46 of 57 PROT84 MARGIN Cash Options Other Assets Market Value Market Value 0.00 [repeated 3 times] $0.00 Margin Market Value 30,573.03 0.00 5,411,750.00 $5,442,323.03 Current Beginning Market Value Contributions Withdrawals & Fees Securities Transferred In Net Contributions/Withdrawals Change In Investment Value Ending Market Value $0.00 4,861.02 $5,442,323.03 Period Value 5,437,462.01 Short Market Value 0.00 [repeated 3 times] $0.00 Year-to-Date Value 0.00 274,012.00 (137,006.00) 5,238,250.00 $5,375,256.00 67,067.03 $5,442,323.03 Total 30,573.03 PROT85 0.00 Estimated Current Market Value Annual Income Allocation 1% Cash & Short Term 5,411,750.00 $5,442,323.03 99% $0.00 100% Asset Allocation - Margin ACCT. 24200686 Other Assets Account 24200686 Page 2 of 9 Page 47 of 57 PROT86 CONTINUED Current Tax Summary ST Realized Gain/Loss Realized Gain/Loss Period Value (126,988.98) ($126,988.98) Year-to-Date Value (210,381.16) ($210,381.16) ACCT. 24200686 To-Date Value $411,750.00 Cost Summary Other Assets 5,000,000.00 Cost 30,573.03 Total $5,030,573.03 Investment Objectives Speculation Permitted Capital Appreciation Yes Yes Account 24200686 Page 3 of 9 Page 48 of 57 PROT87 Cash & Short Term Summary Beginning Cash Market Value 157,562.01 ACCT. 24200686 Ending Market Value 30,573.03 Change In Value (126,988.98) Current Allocation 1% Cash & Short Term Current Market Value Tax Cost Cash & Short Term Detail Quantity Account Cash US DOLLAR 30,573.03 Margin 1.00 30,573.03 30,573.03 Price Market Value Tax Cost Adjusted Original Estimated Unrealized Gain/Loss Annual Income Yield Period Value 30,573.03 30,573.03 Account 24200686 Page 4 of 9 PROT88 Page 49 of 57 PROT89 Options Summary Equity Beginning Market Value (140,850.00) Ending Market Value 0.00 Change In Value 140,850.00 Current Allocation ACCT. 24200686 Account 24200686 Page 5 of 9 Page 50 of 57 PROT90 FINANCIAL TRUST COMPANY INC ACCT. 24200686 Other Assets Summary Beginning 5,420,750.00 Ending 5,411,750.00 Change In Value (9,000.00) Current Allocation 99% Other Assets Current Tax Cost Estimated Gain/Loss Other Assets Detail Cost Quantity Account MS MARKET PLUS SPX 01/27/12 (70% CONTIN BARRIER-6.5%CPN ,UNCAPPED) INITIAL LEVEL-07/14/10 SPX:1094.91 617482-MQ-4 Price Estimated Value Adjusted Original Estimated Gain/Loss Accruals Period Value 5,411,750.00 5,000,000.00 411,750.00 5,000,000.000 Margin 108.24 5,411,750.00 PROT91 5,000,000.00 411,750.00 Account 24200686 Page 6 of 9 Page 51 of 57 PROT92 FINANCIAL TRUST COMPANY INC ACCT. 24200686 Portfolio Activity Summary Transactions INFLOWS Total Inflows Contributions $0.00 OUTFLOWS Total Outflows Withdrawals $0.00 TRADE ACTIVITY Total Trade Activity 10,524,872.04 (10,651,861.02) ($126,988.98) $30,573.03 12,503,667.83 (12,610,100.80) ($106,432.97) -Current Period Value 157,562.01 Year-To-Date Value* -274,012.00 $274,012.00 (137,006.00) ($137,006.00) Current Cost Adjustments Cost Adjustments Total Cost Adjustments Period Value $0.00 Year-To-Date Value* 5,000,000.00 $5,000,000.00 Account 24200686 Page 7 of 9 Page 52 of 57 PROT93 FINANCIAL TRUST COMPANY INC ACCT. 24200686 Portfolio Activity Detail TRADE ACTIVITY Note: Trade Date 11/19 S indicates Short Term Realized Gain/Loss Settlement Date 11/24 Type Sale Description SPDR S&P 500 ETF TRUST A/E 8J27993 ASSIGNED 450 CALL AS OF 11/24/10 SUB-ACCOUNT: MGN 11/19 11/26 Sale SPDR S&P 500 ETF TRUST A/E 8J27993 ASSIGNED 450 CALL AS OF 11/24/10 SUB-ACCOUNT: MGN Total Settled Sales/Maturities/Redemptions Trade Date Settlement Date 11/24 Type 11/19 Purchase Description SPDR S&P 500 ETF TRUST A/E 8J27993 ASSIGNED 450 CALL CANCEL SALE AS OF 11/24/10 SUB-ACCOUNT: MGN Quantity 45,000.000 Per Unit Amount 116.938 $10,524,872.04 ($10,651,861.02) ($126,988.98) S PROT94 Market Cost (5,262,211.02) Tax Cost 5,262,211.02 Realized Gain/Loss (45,000.000) 116.938 5,262,211.02 (5,389,650.00) (127,438.98) S Quantity (45,000.000) Per Unit Amount 116.948 Proceeds 5,262,661.02 Tax Cost (5,262,211.02) Realized Gain/Loss 450.00 S Account 24200686 Page 8 of 9 Page 53 of 57 PROT95 FINANCIAL TRUST COMPANY INC ACCT. 24200686 Trade Date Settlement Date 11/26 Type 11/22 Purchase Total Settled Securities Purchased Description SPDR S&P 500 ETF TRUST AS OF 11/26/10 SUB-ACCOUNT: MGN ($10,651,861.02) $10,651,861.02 $0.00 Quantity 45,000.000 Per Unit Amount 119.77 Market Cost (5,389,650.00) Tax Cost 5,389,650.00 Realized Gain/Loss Account 24200686 Page 9 of 9 Page 54 of 57 PROT96 THIS PAGE INTENTIONALLY LEFT BLANK PROT97 In Case of Errors or Questions About Your Electronic Transfers. Contact your J.P. Morgan Team at one of the telephone numbers on the front of your statements or write us at 500 Stanton Christiana Road, 1/OPS, Newark, DE 19713-2107 as soon as you can, if you think your statement is wrong or if you need more information about a transfer on the statement. We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared. (1) Tell us your name and account number. (2) Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is in error or why you need more information. (3) tell us the dollar amount of the suspected error. If you contact us orally, you must send us your complaint or question in writing within 10 business days in order to preserve your rights. We will investigate your complaint and will correct any error promptly. If we take more than 10 business days to do this (20 days for purchases using your debit card or for international transactions), we will credit your account for the amount you think is in error, so that you will have the use of money during the time it takes us to complete our investigation. In case of errors or questions about your statement, including your line of credit. If you think that your statement is incorrect or if you need more information about a transaction on your statement including a line of credit transaction, you must write to us on a separate sheet describing the error and send it to: J.P. Morgan's Private Bank, 500 Stanton Christiana Road, 1/OPS3, Newark, DE 19713-2107. We must hear from you no later than 60 days after the statement on which the error or problem appeared is sent. You can contact your client service specialist but doing so will not preserve your rights. Please review your account statement and promptly report any inaccuracy or discrepancy including possible unauthorized trading activity, unrecorded dividend payments, and unaccounted cash positions in writing to both the introducing broker, JPMS and the clearing firm, JPMCC at the addresses shown on your statement. Any oral communication should be re-confirmed in writing to further protect your rights, including your rights under the Securities Investor Protection Act (SIPA). If you have any questions please contact your JPMS Account Representative or JPMS Compliance Department at (212) 483-2323. In your letter, please provide the following information: (1) your name and account number; (2) the dollar amount of the suspected error; and (3) a description of the error and explanation, if you can, why you believe there is an error. If you need more information, you must describe the item you are unsure about. Important Information about Pricing and Valuations Certain assets including but not limited to, pooled private investments, non- publicly traded and infrequently traded securities, derivatives, partnership interests and tangible assets are generally illiquid, the value of which may have been provided to us by third parties who may not be independent of the issuer or manager. Such information is reflected as of PROT98 the last date provided to us, and is not independently verified. Prices, some of which are provided by pricing services or other sources which we deem reliable, are not guaranteed for accuracy or as realizable values. Market value information (including without limitation, prices, exchange rates, accrued income and bond ratings) furnished herein has been obtained from sources that J.P. Morgan believes to be reliable and is furnished for the exclusive use of the client. J.P. Morgan makes no representation, warranty or guarantee, express or implied, that any quoted value represents the actual terms at which transactions or securities could be bought or sold or new transactions could be entered into, or the actual terms on which existing transactions or securities could be liquidated. The current price is the value of the financial asset share, unit or contract as priced at the close of the market on the last day of the statement period or the last available price. All values provided for structured yield deposits (for example, JPMorgan London Time Deposits) reflect the original deposit amount only. The current value for Real Estate, Mineral Interests and Miscellaneous Assets may not reflect the most current value of the asset. Page 55 of 57 PROT99 Valuations of over-the-counter derivative transactions, including certain derivatives-related deposit products, have been prepared on a mid-market basis. These valuations are indicative values as of the close of business of the date of this statement and, except as otherwise agreed in writing, these valuations do not represent the actual terms at which transactions or securities could be bought or sold or new transactions could be entered into, or the actual terms on which existing transactions or securities could be liquidated as of the date of this statement. We do not warrant their completeness or accuracy. These valuations are derived from proprietary models based upon well-recognized financial principles and we have, when necessary to calculate the present value of future cash flows, made reasonable estimates about relevant future market conditions. Valuations based on other models or different assumptions may yield different results. J.P. Morgan expressly disclaims any responsibility for (1) the accuracy of the models or estimates used in deriving the valuations, (2) any errors or omissions in computing or disseminating the valuations, and (3) any uses to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. Please refer to the trade confirmation for details of each transaction. Important Information Regarding Auction Rate Securities (ARS). ARS are debt or preferred securities with an interest or dividend rate reset periodically in an auction. Although there may be daily, weekly and monthly resets, there is no guarantee that there will be liquidity. If there are not enough bids at an auction to redeem the securities available for sale, the result may be a failed auction. In the event of a failed auction, there is no assurance that a secondary market will develop or that the security will trade at par or any other price reflected on statements and online.Accordingly, investors should not rely on pricing information appearing in their statements or online with respect to ARS. Where J.P. Morgan was unable to obtain a price from an outside service for a particular ARS, the price column on your statement and online will indicate "$0.00" which however should not be relied on as the price at which ARS would trade. Please review your statements promptly and report any discrepancies immediately to an account officer whose name appears on the contact page of these statements. These statements are not official documents for income tax reporting purposes. Offshore Deposits - London and Nassau Deposits in Foreign Branches are not insured by the FDIC or any other Agency of the Federal Government; Amounts in such foreign accounts do not have the benefit of any Domestic preference applicable to U.S Banks; certain Foreign accounts are considered reportable to the Internal Revenue Service on a Report of Foreign Bank and Financial Account (TD F 90-22.1). Fund manager disclosure information available upon request If you have an investment account that is managed by an SEC-Registered Investment Advisor, the Private Bank of J.P. Morgan will provide a copy of PROT100 the advisor's Form ADV II or brochure upon written request. Additional Information About Your Accounts Securities purchased or sold through J.P.Morgan Securities LLC ("JPMS") (1) other than mutual funds, are cleared through J.P.Morgan Clearing Corp. ("JPMCC"), an affiliate of 3PMS, and (2) other than exchange-listed options and securities held in margin account(s), are held in your Asset Account at 3PMorgan Chase Bank, N.A. Positions in exchange-listed options and in margin account(s) are held by J.P.Morgan Clearing Corp. and are not delivered to or from your Asset Account. For your convenience, however, positions in exchange-listed options are presented in Asset Account statement(s) together with other assets held in such account(s). All pertinent information about your settled and pending purchases and sales effected through your JPMS account during the period covered by these statement(s), is summarized in the "Trade Activity" portion of the statement(s). You should have received separate confirmations for each securities transaction. All transactions are subject to the terms and conditions stated on the reverse side of such confirmations and are subject to the constitution, by-laws, customs and interpretations of the marketplace where executed and governed by and construed in accordance with the laws of the State of New York and all applicable federal laws and regulations. Further information with respect to commissions and other charges related to the execution of transactions, including options transactions, has been included in confirmations that were previously furnished to you. Upon written request, 3PMS will promptly supply you with the latest such information. Shareholders of certain 3PMorgan Funds are charged a redemption fee equal to 2% of the proceeds if they exchange or redeem shares of such funds within 60 days of purchase, subject to certain exceptions set forth in the prospectus of the applicable Fund. Please consult your J.P. Morgan representative for a list of the JPMorgan Funds that impose redemption fees. Page 56 of 57 PROT101 JPMCC and JPMS are members of the Securities Investor Protection Corp ("SIPC"), a not-for-profit membership corporation funded by broker-dealers registered with the Securities and Exchange Commission. Securities and cash held for a customer at JPMS and JPMCC are protected by SIPC up to $500,000 per customer, which includes up to $100,000 of protection for cash. SIPC does not protect against losses from fluctuations in the value of the securities. Assets held in custody by JPMorgan Chase Bank, N.A. (the "Bank") are not subject to SIPC. You may obtain information about SIPC, including the SIPC Brochure, on their website, at "www.sipc.org" or by contacting them at (202) 371-8300. To the extent applicable, please read the following disclosures regarding estimated annual income (EAI) and estimated yield (EY): EAI and EY for certain types of securities could include a return of principal or capital gains in which case the EAI and EY would be overstated. EAI and EY are estimates and the actual income and yield might be lower or higher than the estimated amounts. EY reflects only the income generated by an investment. It does not reflect changes in its price, which may fluctuate. JPMS, JPMCB or their affiliates (the "J.P. Morgan Companies") may provide administrative, custodial, sales, distribution or shareholder services to JPMorgan Funds, American Century Funds, or funds established, sponsored, advised, or managed by third parties, and the J.P. Morgan Companies may be compensated for such services. A financial statement of this organization is available to you for personal inspection at its offices, or a copy will be mailed to you upon written request. Bank products and services are Securities are offered by JPMS through JPMCC. If a partial call is made with your Accounts we will allocate equitable. You must promptly advise JPMS of material changes in your investment objectives or financial situation. Unless you inform JPMS otherwise, JPMS will consider the information currently in its files to be complete and accurate. JPMS is not a bank and is a separate legal entity from its bank or thrift affiliates, including JPMCB. The securities sold, offered, or recommended by JPMS: (1) Are not insured by the Federal Deposit Insurance Corporation, or any other governmental agency; (2) Are not deposits or other obligations of JPMS's bank or thrift affiliates (unless otherwise indicated), and are not guaranteed by or the responsibility of any such affiliates (unless explicitly stated otherwise); and (3) Involve investment risks, including possible loss of the principal invested. JPMS's banking affiliates may be lenders to issuers of securities that JPMS underwrites, in which case proceeds of offerings underwritten by JPMS may be offered through JPMCB and its affiliates. and, to the extent noted above, cleared respect to an issue of securities included in the call by a method we deem fair and PROT102 used for the repayment of such loans, and you should refer to the disclosure documents relating to particular securities for discussion of any such lending relationships. The Federal Reserve requires that JPMS obtain your consent before it can obtain certain information from its bank or thrift affiliates, including their credit evaluation of you. We will assume that your continuing to transact business with JPMS will constitute your consent to the sharing of such information by JPMS and its bank or thrift affiliates, to the extent permitted by law. IMPORTANT ADDITIONAL INFORMATION SPECIFIC TO YOUR MARGIN ACCOUNT(S) All positions in your Margin Account Portfolio(s) are held in custody at J.P. Morgan Clearing Corp. ("JPMCC"), One Metrotech Center North, Brooklyn, NY 11201-3859, (347) 643-2578. Contact your client service specialist if you think statements are incorrect or you require additional information about a transaction on your statement(s). If you have a margin account with J.P.Morgan, as permitted by law we may use certain securities in such account for, among other things, settling short sales and lending the securities for short sales, and as a result may receive compensation in connection therewith. Please keep the following in mind when using a statement to track your brokerage activity in a margin account: The statement combines your general margin account with the special memorandum account required by Section 220.6 Regulation T. As required by Regulation T, a permanent record of your separate account is available upon your request. Free credit balances in your margin account(s) are not segregated and may be used in the operation of JPMCCs business, subject to the limitations of SEC Rule 15c3-3. Unless otherwise noted, JPMCC or its agents and depositories will hold your securities. Upon your demand, JPMCC will pay to you the amount of your free credit balance, and will deliver to you fully-paid securities held on your behalf. Interest will be charged on any debit balance; the method of calculating interest is described in a letter sent to all margin customers. Page 57 of 57 PROT103 PROT104