Statement of Account '•• ALL AMOUNTS IN US DOLLAR *** INV REP TAXPAYER ID. STATEMENT PERIOD PAGE 20ST UNDISCLOSED 06/01/06 TO 06/30/06 18 OF 20 TYPE LONG OR SHORT(S) PORTFOLIO DESCRIPTION PRICE MARKET VALUE 03 56,067 (S) CMS ENERGY CORP 12.94000 725,506.98- 03 15,379 IS) CSX CORPORATION 70.44000 1,083,296.76- 'CSSU RATING :OUTPERFORM INDEPENDENT RATING:3 STAR - Hold PROVIDER:Standard 6 POOr'S 03 51,000 IS) CELGENE CORPORATION 47.43000 2,418,930.00- 03 128,347 IS) CENTERPOINT ENERGY INC 12.50000 1,604,337.50- *CSSU RATING :UNDERPERFORM INDEPENDENT RATING:3 STAR - Hold PROVIDER:Standard 6 PoOr'S 03 3,026 IS) CHENIERE ENERGY INC 39.00000 118,014.00- 'CSSU RATING :OUTPERFORM INDEPENDENT RATING:Hold PROVIDER:Market Edge Research 03 20,645 (S) EDO CORPORATION 24.34000 502,499.30- •CSSU RATING :UNDERPERFORM INDEPENDENT RATING:2 STAR - Avoid PROVIDER:Standard 6 Poor's 03 58,950 IS) GENERAL MOTORS 29.79000 1,756,120.50- *CSSU RATING :NEUTRAL INDEPENDENT RATING:2 STAR - Avoid PROVIDER:Standard 6 Poor's 03 72,460 IS) HCC INSURANCE HOLDINGS INC 29.44000 2,133,222.40- 03 5,223 IS) MASCO CORP 29.64000 154,809.72- *CSSU RATING :NEUTRAL INDEPENDENT RATING:4 STAR - Accumulate PROVIDER:Standard 6 Poor's 03 110,982 IS) PPL CORP 32.30000 3,584,718.60- 03 57,340 (S) RPM INCORPORATED 18.00000 1,032,120.00- 03 7,330 IS) SUPERVALU INC 30.70000 225,031.00- 03 12,476 IS) TJX COMPANIES INC NEW 22.86000 285,201.36- *CSSU RATING :OUTPERFORM CREDIT SUISSE INDEPENDENT RATING:3 STAR - Hold PROVIDER:Standard 6 Poor's CREDIT SUISSE SECURITIES (USA) LLC ELEVEN MADISON AVENUE NEW YORK, NY 10010-3629 ESTIMATED ANNUAL INCOME CURRENT YIELD 1. 7,997.08- .738 77,008.20- 4.800 2,477.40- .493 58,950.00- 3.357 28,984.00- 1.359 4,596.24- 2.969 122,080.20- 3.406 36,697.60- 3.556 4,764.50- 2.117 3,493.28- 1.225 TEL: 212-325.2000 FAX: 212-538-5540 Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-00062127 EFTA01582581