J.PMorgan JEFFREY EPSTEIN ACC For the Period WI/09 to 9/30/09 Important into, °Wen Regad,ng A action Rate Secoarbes (ARS) ARS ere deb: a prober edsectobea oolh en Wenn: a drvdend fete reset porroicotyin an eac'en kina.gb thaws may to CaJy. nookiy end manthiy resets Awe ,s no guarantor:not ass waY Do tqudgy If there are no: enough bcts at an aocb. On to redeem the mountain aysobblefor sate be result may be a failed aucton In a &Axle:Ice= there a no assurance Mat a secondaymarkaf rat deveoper That the secunly eta bade& pm a any otter twos reff acted on stab:minis Accotdogit vhiealors should not rely On proOng inkorrwahOn aPpeering an thee slillements with Weed to ARS If you Net 0100en one of the raver nobs, funds you we notified that pardons n the Plena Money Mete' Sweep Fund represent hailing, e the JPAkrgen Fire Money Martel and. posikvos on the FederalMoney Merkel Sweep Fund represent hod:lava wt the JPOAcegran FederalMonay MbikrifFunl and posbons n me Tax ExeMPIlhaVy JAW. !Snap Fund rephasenthoOnga tel the JPIlagen Tan awn°, Wavy Market Fund You thOold haw? re:Owed treplaarteobnarmarbab for SOCA Sege bea fransaeff On AO lainseetvas are .o ea 10 the terms and COndebOns slated On me reverse ode a such tOntrmebOns end be su4ea to the COnStitabOn, bylaws. aralarb end ofk.WprtotattOna the marl rotplacewherro executed and governed by and construed n accordanceWan the laws &the Stab of hew Yak and as applocabie f pleat laws and regutetons Further Warne= with respect to cornnyssoons and *Ow charges related to the execution of transaesses. enciudsre oceans bansectons has been napped on confrniebons that were previously:tenonedto you Upon written request JPMSI wit prorrpay supply pad met the blest such wformetion Sharelsakkesa carter, JPMcepan Funds are charged a redcap:do feeequal to 2% of be proceeds d they erchengea redeem shares of such funds within PO days cl purchase suttee b certaonexceptcas set tattletale prospectus alba applcableFund Please Consult paJP Magenrepresenhatonabr a Mit on,* JPMorgan Funds That arpOse rwlempbon fees !MASI JPMCB a the, a? dabs (the P Mogen Ccmpenree)may protedeadninalretwe cos:cc:kat sates club buten a shanahotla SenOCE4 b JPItrpen Funds arneatan Cenhay Funds a funds established sponsored advised a manned by Hod panes and the JP Morgan Carper** Troy De compensatedtot such sauces A hnenckal stafernont ar this crpencationis evallableto you /or perscnahnspecton at its caeca a a copy wit' be rneled to you upon written rawest Bank products and sauces are offered demob JPAICEI and rte Sates SOWISPIS IWO off pal by JPMSI and Neared throLgh JPMCC If* partielato ea (node wan respectlo an NUS of searava included m Axe Acosunt we rool a4bcortethe ceNtyarneChod we deem wand equitable YOu Must ' ,empty edveseJPMSI of rnatewaionanses n yds mieitmentatyieCtole Cr Mantel Outten Unless you inform JPMSI °berm:se. JPMSI off consider Me elf matow off endy n its Nes to be conNotate and *Caleb JPMSJ a 001 a Dena and is a separate legal entity from its bank a belt anastes snot/deg JPMCB The senates sold offered, a recannynded by JPMSI Melee not muted by the Federal Depose Insures*, Corporation a Any olive goffenenental agency (V Are not deposes a &ha coicahms or JPMSJs bank a Viol of/Autos (unless otherwise ond rated) and we not guaranteed by a The responsiteby of any such affastos (unless evict* steed &Navas.) and (3)trrecAnt inrestment rah* including possible lass a the pointipat invested JFIASIN banking <dilates may be tenders to issuers of scourges mat 'PM& unJenrntes. in which arse proceeds of offerings undenwelem by JAWS/ nay be used fcr the reptromenta such loans. and you shouts refer to the disclosure documents relettep to partrtvbr worrieskr discussion a any such *Wog relatOnallips The Fedefelltosenterequves that JPMSI obtain your consent &Jae d Mn Maw certain onto, melon from ea Dank a teemargon encludry :her credo. *wk.:ionof you We wol assume that your contwong :o transact buswass watt JPMSt wit con: trtub wscr consent to the :Nampo/ such information by !PM& end its banks an? affectes to the (relent perwatted bylaw DEPOSITS Pi FOREIGN BRANCHES ARE NOT INSURED BY THE FOC, THE FEDERAL RESERVE BOARD OR ANY OTHER GOVERNMENTAL AGENCY; AMOUNTS IN THE TIME DEPOSITS DO NOT HAVE THE BENEFIT OF ANY DOMESTIC PREFERENCE APPLICABLE TO U.S. BANKS Page 9 of 9 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00006645 SDNY_GM_00275843 EFTA01485355