EFTA Document EFTA01512061

JPMorgan 0 Private Bank FINANCIAL TRUST COMPANY, INC. Account Number I November 01, 2006 - November 30. 2006 ErplaneflOn Of JPAISI Ratings: Jnficroan uses the roVonog Wog Wean Overweight: Ore the ne4 :a to twelve months we evsect this stock wi I outperform the average total return of the stocks in pro eneyst's (a the analyst's teem's)COvenne unwise Neutral: thee the ne, t 3. to MON* rt,20013 op et peCt fM9 stock ma Wean? WI Me well the *voyage Ica,. return of the SAXA$ el Ile ane.)nr3 (a the athiin(9 leam.3) ooveone Univel3e Underweght: Ova the net Sc. to nvetve months we expect this stock ant undetoerfam Mos.:rage lots! return of the stocks en the anceyst's (a Me analyst's team's)covcoage °novas. Independent Research Ratings: JP1 1St does not abaseor Glade adopt the IncleponlentRosoaichRoodnseaschav4kr rebrys ann., Inns use vend ratogs terms as wen as Ohorsotrangs systems to gesaho thee tocommoncletons at& uses a "elOne'retnes system as clescobed same IRPserey use a dot erentretogs system such as ea en 'etuauteratings system and use such terms as 'buy' Toed' or 'se.' Sex° "Getve-e441 'absot4e'rehngs systems are tundamentelyclfiereM )cu MGd read careluay the Clentan Of &Vt.:NW used tit the JPVS1 and FRPiesearch that a oictded oi the teeea,Ch OW For Inn reason end since Metelarchcontaers tro NAM !Or me stops as 0,0 al cOmplele orcrmeaon Concerning the enelnrs views Mt)ttld teed Cafe thVy the teseetch arid not SG its contents from the rating acne JPMorgan Font* Reek u me marketunt nn la the please Oaniog business conducted by J P Gowan Cnne it Co thrown es subsdoros flak !wok* encoulog JPMorgan Chase Rank NA,JP Mogan Trust Ccaramoy. NA end J P Morgan Secunbes Inc Page 10 of 15 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00037906 SDNY_GM_00307104 EFTA01512061