Epstein Secrets

TO 2FSEE0 S/D FINANCING 39,166.27 FROM 2F8EE0 TO 746FY0 VALASSIS COMMUNICATIONS CVT 144A 78,332.54 01.0843 05/22/2033 TO 736FY0 FROM 740'10 CREDIT SUISSE FIRST BOSTON LLC ELEVEN MADISON AVENUE NEW YORK, NY 10010-3629 TEL: 212-325-2000 FAX: 212-538-5540 Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-0

/05 TO 11/30/05 15 OF 17 TRADING ACTIVITY FOR THE MONTH DESCRIPTION VALASSIS COMMUNICATIONS INC OFFSHORE ARRANGING FLIP TO 736F10 FROM 746FY0 VALASSIS COMMUNICATIONS INC DONE AT KBC FINANCIAL PRODUCTS VALASSIS COMMUNICATIONS CVT 144A 01.0843 05/22/2033 DONE AT KBC FINANCIAL PRODUCTS VALASSIS COMMUNICATIONS INC SR

59,880.. DONE ATiiiill EXECUTION OMNIBUS 01 12/07 JOURNAL S/D FINANCING RETURN 14,881. FROM TO CREDIT FIRST I SUISSE BOSTON CREDIT SUISSE FIRST BOSTON LLC ELEVEN MADISON AVENUE NEW YORK, NY 10010-3629 TEL: 212-325-2000 FAX 212-538-5540 Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-00

2 JOURNAL 9/O P G FROM TO 01 12/02 JOURNAL 134,000 VALASSIS COMMUNICATIONS 83,972.49 01.0843 05/22/2033 TO FROM 01 12/02 JOURNAL 134,000 VALASSIS COMMUNICATIONS INC SR 83,972.49 01.0843 05/22/2033 TO FROM 01 12/02 JOURNAL -134,000 VALASSIS COMMUNICATIONS INC SR 83,972.49 01.0843 05/2 TO FROM 01 12/0

ANGING FLIP TO - FROM 03 11/30 JOURNAL -1,740 DUKE ENERGY CORP 47,389.47 CREDIT FIRST I SUISSE BOSTON OFFSHORE ARRANIiiii iiiP TO FROM CREDIT SUISSE FIRST BOSTON LLC ELEVEN MADISON AVENUE NEW YORK, NY 10010-3629 TEL: 212-325-2000 FAX: 212-538-5540 Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-0

UANTITY TRADING ACTIVITY FOR DESCRIPTION THE MONTH PRICE DEBIT CREDIT 03 11/25 MRKD/MARKET MARK TO MARKET 15,305.66 03 11/25 JOURNAL -850 VALASSIS COMMUNICATIONS INC 25,481.93 OFFAINIRRAN P TO FROM 01 11/28 MRKD/MARKET MA RKET 224,236.24 01 11/28 WIRED FUNDS PAID BY WIRE 14,403.00 WIRE TO CITIBANK 0

/MARKET MARK TO MARKET 347,275.74 03 11/15 JOURNAL 3,570 INTERNATIONAL GAME TECHNOLOGIES 94,054.32 CREDIT FIRST I SUISSE BOSTON TO FROM CREDIT SUISSE FIRST BOSTON LLC NEW YORK, NY 10010-3629 TEL: FAX: Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-00061811 EFTA01582289

ALASSIS COMMUNICATIONS CVT 194A 418,400.87 01.0843 05/22/2033 TO FROM 03 11/09 MRKD/MARKET MARK TO MARKET 32,337.93 03 11/09 JOURNAL -9,972 VALASSIS COMMUNICATIONS INC 139,073.37 OFFSHORE ARRANGING FLIP TO FROM 01 11/10 MRKD/MARKET MARK TO MARKET 66,045.02 01 11/10 JOURNAL -655,000 VALASSIS COMMUNICATION

RNAL 134,000 VALASSIS COMMUNICATIONS INC SR 83,975.97 01.0843 05/22/2033 TO 736FY0 FROM 746FY0 CREDIT FIRST I SUISSE BOSTON CREDIT SUISSE FIRST BOSTON LLC ELEVEN MADISON AVENUE NEW YORK, NY 10010-3629 TEL: FAX: Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-00061813 EFTA01582291

6FY0 01 11/25 JOURNAL 134,000 VALASSIS COMMUNICATIONS CVT 144A 83,972.49 01.0843 05/22/2033 TO 736F10 FROM 746FY0 01 11/25 JOURNAL 134,000 VALASSIS COMMUNICATIONS INC SR 83,975.97 01.0843 05/22/2033 TO 736FY0 FROM 746FY0 CREDIT FIRST I SUISSE BOSTON CREDIT SUISSE FIRST BOSTON LLC ELEVEN MADISON AVENUE N

000 805,658.15- •CSFB RATING :NEUTRAL INDEPENDENT RATING:5 STAR - Buy PROVIDER:Standard 6 Poor's CREDIT FIRST I SUISSE BOSTON CREDIT SUISSE FIRST BOSTON LLC ELEVEN MADISON AVENUE NEW YORK, NY 10010-3629 TEL: 212-325-2000 FAX: 212-538-5540 Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-0

Q Olt INCOME ACTIVITY FOR THE MONTH DESCRIPTION TAXPAYER ID. STATEMENT PERIOD UNDISCLOSED 11/01/05 TO 11/30/05 PAGE 20 OF 24 DEBIT CREDIT VALASSIS COMMUNICATIONS INC SR 3,551.08 01.0843 05/22/2033 INTEREST CREDIT 11/22/05 ON 655000 BONDS PORTFOLIO TYPE LONG OR SHORT(S) DESCRIPTION EQUITIES PRICE MARKE

14,643,683.78 398,769.00 2.723 Please see the last page for securities ratings disclosure letter. CREDIT FIRST I SUISSE BOSTON CREDIT SUISSE FIRST BOSTON LLC TEL ELEVEN MADISON AVENUE FAX NEW YORK, NY 10010-3629 Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-00061842 EFTA01582319

PAGE 20,10 UNDISCLOSED 12/01/05 TO 12/31/05 21 OF 21 PORTFOLIO PRICE MARKET ESTIMATED CURRENT VALUE ANNUAL INCOME YIELD % 01 789,000 VALASSIS COMMUNICATIONS INC SR 61.50000 485,235.00 8,552.76 1.763 NT CV1. 01.0843 05/22/2033 01 2,000,000 VORNADO RLTY L P SR 104.37500 2,087,500.00 77,500.00 3.7