EFTA Document EFTA01487981

IA:ember 01, 2004 - December 31, 2004 Page 3 of 3 EPSTEIN INTERESTS Primly Account Nieniher JPMorgan Private Bank Important Information about Your Statement Personal accounts are subject to the Deposit Accounts Agreement or the General Tams For Accounts mid Services. Business amounts are subject to the Terms and Conditions for Commercial Accounts or the General Terms For Accounts and Services. Your accounts, unless otherwise indicated on the statement. are held by JPMorgan Chase Bank. NA. (the "Bank") Deposit accounts held at the Bank, including checking. savings, CI), and money market accounts, arc FDIC insured. In Case of Errors or Questions About Your Electronic Ponds Transfers (personal accounts only! Telephone or ante to the Bank if you think your statanent or receipt is wrong. or it you wed more mlomuttion about an electronic transaction on a statement or receipt The phone number for inquiries is pnnted on the front of this statement. The address for inquiet appears below. We must hear from you no later than 60 days atta we sent you the FutsT stawmcnt on winch the error or problem appeared. • Tell us your name and account number. • Ihrscrihe the mar or the nansfer you arc HMI= RhOUI 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 SLLSOCCOXI Plisse direct all inquilies to your Morgan Accoemt Oilier., at JPMorgan Private Bank Client Service 500 Stanton Christiana Road, I/OPS3 Newark, DE 19713-2107 We will investigate your complaint and will correct any error promptly If we take more than 10 business days to do this (20 business days for insertions outside the U.S. and point-of-sale transactions), we will rccredit your account for the amoemt you think is in error so that you will have use of the money dunag the tune it takes us to complete our investigation. In Case of Erron or Questions About Non Electronic Transfers Please examine your account at once. If you feel an error has taken place or have questions concerning a non-electronic transaction. telephone or visite us within 30 days. The phone number is primed on the front of this statement The address appears above. lino report is received within this period. your account "ill be considered correct. Mutual Rinds/Securities Securities (including Mutual Funds) and annuities are not bank deposits and are not FDIC insured nor are they obligations of or guaranteed by JPAlorgan Chase Bank, N.A. or its affiliates or any federal or state gm ernment or gosemment agents or goy ernment sponsored agency. Securities (including mutual funds) and annuities invoke investment risks, Including the possible loss of the principal amount Invested. The distributor of the llalorgan Funds is J.P. Morgan Funds Distributor. Inc. which is not affiliated with the Dank. the Bank and its affiliates receive compensation from the JPMorgan Funds for providing services to the funds. Read the ;Morgan Funds prospxtuses carefully for details including fees and ccpanim, before investing or rending money. JPMorgan Select Shams of the Connecticut Daily Tax Free Income Fund. Inc. and Whlorgan Select Shams of the New lases. Daily Municipal Income land, Inc. arc not part of, or affiliated with. the Jiltlorgan Family of Mutual Funds. Reich & Tang Distributors Inc. and Reich & Tang Asset Managemett L.P.. which are unaffiliatal with JPMorgan. arc the funds' distributors and investment advisor. respectively. Reich & Tang Distributors Inc is a member NASD. IRA Accounts Accounts where the Bank serves as trustee or as discretionary investment manager for an ERISA perm or an IRA that hold Fiduciary Shares (as described below)do not bear any portion of investment. administative.cuilodian or other charges paid to the Bank or its affiliates for se vices to the applicable JPMorgan Funds since these charges arc subject to rebate as darned blow. For accounts where the Bank senes as trustee, or diaartionary investment manager for an ERISA plan or an IRA. which hold shares in thcIPMeigan Funds other limn Fiduciary Shams, the Bank receives fees for services from the JPMorgan Funds but waives account fax with respect to the funds so held Fiduciary Shares are shares in the Select Shams class of 'Morgan Tax Aware Large Cap Value Fund, JPMorgan US Equity Fund, 'Morgan Tax Aware US Equity Fund. JPMorgan Tax Aware Large Cap Growth Fund, :Worm Mid Cap FAO. Fund. JPMorgan Trust Small Cap Equity Fund. JPMorgan Fleming International Equity Fund. Morgan Shore Tenn Bond Fund II, ;Morgan Bond Fund II, 'Mown Tax Aware Enhanced Income Fund, .1I'Morgan Tax Aware Short-intermediate Income Fund. JPMorgan Intermediate Tax-Free Income Fund. JPMorgan Tax-Free Income Fund. JPMorgan California Bond Fund. JPMorgan NY Intermediate Tax Free income land and JPMorgan NJ Tax Free Income Fund held in the Bank's oust accounts or in the Bank's investment management accounts for ERISA plans or IRAs. "Rebate' mains an amount returned by the Bank to the account which holds the Fiduciary Shares. The rebate amount represents the portion of servicing furs paid to the Bank by the mutual fund with respect to Fiduciary Shares. Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00009545 SDNY_GM_00278743 EFTA01487981