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nds, you are notified that position s in the Prime Money Market Sweep Fund represent holdings in the JPMorgan Prime Money Market Fund; positions in the FederalMoney Market Sweep Fund represent hol dings in the JPMorgan FederalMoneyMarketFund; and positions in the TaxExemptMoneyMarketSweep EFTA01554236 Fund representholdings i
- September 30, 2004 Page 59 of 62 Explanation of JPMSI Ratings: Overweight: Neutral: JPMorgan uses the following rating system: Underweight: Independent Research Over the next six to rage total return of age universe. Over the next six to twelve th the average total return m's) coverage universe. Over t
nds, you are notified that position s in the Prime Money Market Sweep Fund represent holdings in the JPMorgan Prime Money Market Fund; positions in the FederalMoney Market Sweep Fund represent hol dings in the JPMorgan FederalMoneyMarketFund; and positions in the TaxExemptMoneyMarketSweep EFTA01554335 Fund representholdings i
- September 30, 2004 Page 59 of 62 Explanation of JPMSI Ratings: Overweight: Neutral: JPMorgan uses the following rating system: Underweight: Independent Research Over the next six to rage total return of age universe. Over the next six to twelve th the average total return m's) coverage universe. Over t
nds, you are notified that position s in the Prime Money Market Sweep Fund represent holdings in the JPMorgan Prime Money Market Fund; positions in the FederalMoney Market Sweep Fund represent hol dings in the JPMorgan FederalMoneyMarketFund; and positions in the TaxExemptMoneyMarketSweep Fund representholdings in the JPMorgan
aybe compensatedfor such servi ces. Explanation of JPMSI Ratings: Overweight: Neutral: JPMorgan uses the following rating system: Underweight: Independent Research Over the next six to rage total return of age universe. Over the next six to th the average total m's) coverage universe. Over the next six to
Entities connected to both the FederalMoney Market Sweep Fund and Independent Research

JPMorgan Chase
ORGANIZATION
Newark
LOCATIONThe American Century
ORGANIZATION
Jeffrey Epstein
PERSONJ.P. Morgan Trust Company
ORGANIZATIONJ.P. Morgan Funds Distributor, Inc.
ORGANIZATIONAmerican Century Funds
ORGANIZATIONIRPsmayuse
ORGANIZATIONBank One
ORGANIZATION
Columbus
LOCATIONJPMSI un
ORGANIZATIONJPMSI Complia
PERSONAmerican CenturylnvestmentServices, Inc.
ORGANIZATIONnce Department
ORGANIZATION
the Internal Revenue Service
ORGANIZATIONWALT DISNEY CO TOTAL RETURN SWAP
ORGANIZATIONXAUDPA-CQ-Z
ORGANIZATIONXJPYPA-KB-Z
ORGANIZATIONXTHBCA-AC-Z
ORGANIZATIONSTERLING - JAPANESE YEN
ORGANIZATION