06 21105 Account Number FINANCIAL TRUST COMPANY INC June 01. 2005 - June 30. 2005 .11nlorgan Chase Bank, N.A. 345 Park As enUe, New York, NY 10154-1002 JPMorgan Private Bank Asset Account Portfolio Page 15 of 19 M Case of Ena,. or OuntiOnS Maur VOW ESCIrOnIC Trait Contact jour Mangan Toomat repat the habaphoestmomberson Me front of this state entes ante us a1500 Stanton Qinghai,' Road. 1,0P$ Newark DE /P713-2107 as soon as puce; dlwl MM par slutenemu wrong or luau need mom rdarrebon oboe la transfer on the statement We musk hear Pam >au no later than 60 days art« we sent you the FIRS Tstokwnent on etch the snafu problem appeared (I)Ted./our nami sand &count num5er (2)0eambe the enn the transfer you we unsure enart and ~lamas cite* as you can why you nehobut is vi *mara why you need nare ~matron (3)1•1 us the data amount of Me suspected one It you canted 05 natty you must send ua you rownplant or Question in renting annam 10 buseass days en craw to presenresiu Tuba We wait rmestgaeyw camper>, and wit carectanyerror ~retry Il we taken)°, than 10 busnotis ems to do the (20days for purchases Lung your date carder tir internationaltransectons) ire wal credit prwe account far be amount >co think u m error so that so wed hero the use of moneyMuno In. amt d ~sus to conulete Our uneaten», AI One Of wort a quo:hone 50Our yOtraNtement. Including yen line of Credit. It you rauk mar yen statement 4 "anew( c R you need mere inok ymotion about a VaPsecton on you inetement includn, a Wu of oreda nnsacfon you must ~debut on • separate sheet desonbing be war and sends", .IPASagan Una» Sank. 500 Stanton Chngena Road ?iOPSJ Newark CE 1971.3-2107 We must hear from you ro bkv Man 60 days after he statement on when the race crobbm appose:Its sent You can contact your ~1 sennosspeceitetbuf doing so ord not preseumeurnghts In >our later. please pion» the Muuno mkematran (I) your myna and account number. (2)the See emOunt of tre see~ and (3)• ~ 0*m of the enlY and expertston it you can why KG ~ant* is an • 70, 111.00 heed mere mermaban yarn mist deacnbethe tern you We unsure about importer. Informetion about Pricing and Valuations WU« vow informebon OnCludng without Ivntetcn. prate. exchange rates. accrued ~arse and bond rehno)furnalled Minn lus been oetened born scenes Mat the Bank toWins bo be ishabseand is tumefied for Me exciusive use d the caent The Bank nines no nunanntefran werantyce guarantee. «pressor tensed that any quoted yeluerepresonts the acksiltenni at ?itch transoncos a secunnescoule be bought cc sad or nen transactions could be entered into [eft. actual kerns co which existing Vansactons or socunnes cob be caudated The current pros is Me yoked the financulasse4 share, unit or contract as priced*t the closed the marketon be last day of the statement penalay the lest mutebbance AN values promo lor shunned read deposits (brovamp*. JPWapen London Tine Deposrts)nshect the curie depose amount any The anor( yallvantr RoalEaraiat Mineal intarests and Mwcahaneou.9 Assets trey not act the most anent valued the suer VaNetens or owerane-ccunter dentudvetransactons novaing wirtanawwwww4wwwwepostprowta lure been pnipentdon a met-market bead These raluatOM we~sane valuesBS of el» Clan Of buSman «Me Gale of this statement and ex teal es otewome wood on wnbng. Mdse vababons do not ~MN Wu*/ tam: a: v.hich Pansarrons a socurihoscouAl be bought ot sail of new tansa• «ohscot/Al te *Moral into « rte *dual farms on whch ~trig transactionsor ~intros could be iqurdatod woe No dated This statement We do not arttant the. completeness ce accuracy These vekrabOnsate do we !from propoetatyrnxleits besed upon weanscogncedbnancial potlucks and we here when nanawybcak&Methep~«vSbect future caah lbws mode reason:en estimates about («want !den mark« cad tons iwuataws based on other modeb ce deferent assurrphons may »ell «NAM MO:3 Wigan e.preneyd4ciarra airy «1/44pon3 'Nay (1)M0 ~way Of be models or ~rates used in dawn Me yiakiazons, (2) any tros ornewons m compufwg a chssormnahng the vadustens and (3)any uses to ~I the vaNahcns are put Vaamihonsare proofed foe teform tin ~paws on.y and we intended solsly tY >ow own use ~softest the trade conferral!~ for &iamb& each transactor Atom-request assets may he reacted nano eventrrouon they ~hold by* Med party unerlaveed with yPtiorean In such case omens JPMergan ~so agrees. JP4Inan has no rospcoubå fy the renhcabon vahabon safeleepagor ni. tot those assets Plumy wwew >our 5»,emeht pronpay and report ony dwepanossimmediaihylo an account after whose name appearson be contact paged the statement The JP•forgan Funds Of The JPMerpan tawitutional Funds or The AMNON! Cenftap Funde Shares's!~ hum we not bank deposits ere/ we not Quarenteed by any bank porcemnent enMy or ay FDIC Return ord Nun price will auctuale and re:tonics= vMa nroy be mare w toss than ongma(cost at* Me money ~Mot Anals seek is ~again • Slab» net asset vatted 51 00 par share there., no a:saunas there they wit cardinal° de so. Theesarnatedannuahncome end &Mend yoli heureskr mutual funds represent'''e funds' most recent vicar,* dividend annuatued The deMbutor of the .1144crpan Funds is JPIAcepan DisInbuton Samosa Inc.. whadi is an ahead. cf JPWorpen Chase Sank. N A JPIAorpen Chase Dank NA and Qs Sheens receive compensation from $11kvgan Funds hp provide, setvises Amencan Century IniustmentSencee Inc e the distributed Me Menen centiayFunds Anwnen Centuy trwearment Mennementinc saws as ointment Miner to as respeetreelund kin...Nand tectwesconicensuon trOnitha fund UmiN IC< provdip investment advisory and other svurnes yOu hew) chosen ased The sweep ~hut funds >au we note»d that poseona in the Pnme Money Meeker Sweep Fund represent holdups m bro JP1rfegton Rene Money MOM Fund, positions in the FederNUoney Markel Sweep Fund repcent holdups n the JAblonsan Paden:Money MSS Fund and postons in the Tax ExtvrV IloneyMerket Sweep Fund reptesentholdings m the JPalanpan Ian Exempt Money Manwt Fund JPMS/ is Me custodian «ASS ophons and most mutual hats, ncaid,ng Med party mutuel funds pun:bawd Waugh JPSISI Yousnout hem reconedsopenteJFIASI airilvmOtOnS for each SeCuntes transaction AP talSOCIOna We SetuiCt 10 roe term and condham stated on the rownetirde or such oculvmWons and we subject to Me constitute, bykaos customs and trUerpreistons of the markettsboinyhere executed an:I °maenad by and conshted in accordance with led laws of Be SM. el New Sara andel appicadeloderal1mas and mgulabans Further inkeniation with respect to COTT:U*0M and other chows retied to the execution of bunsectvces inClutong oceans ininssnon4 has been ontluded in conftnitarOns That wereproviOnlyhonahedto you Upon whiten re:Neat .ifitISI wet eonpby supply you with the Weal suet. elcenbabon Sharehotersof sedan JP1A Funds ~Charged. tedempten lersequal So 2% of tieproceeds if they exchangea redeem shores of such funds warm 60 days of medusa subject to certain exceptions se4 lath m the prospectus of Me appOcabbFund Pease consue your -0" 4062en reP<O9entabsetY a bat of the JP1.1 Funds Mat enp?» red•OptiOn JRUSt ist mentor dine Secunbas Investor Poled«, CepdatiOn(SIPC) e net-favor{ membentiudYpOrabOn funded by troluwdeol~lenedwith the Setvant end ExChang•COmmulato &Cunt*. and Cash held fad Lustomt ~aunt WOWS? se protected up to the robin« equity& «a; account The hat 1500000 ~stun what 111014d09 up to $10.000 of proiecan kr ash • s provided by SIPC As or March X04. the blamed the ~stun is ~von ty • sepreExcess SiPC Surely and mind by CosemraY Asset ~on Company &PC and excess 51PC protection do not protect against km= from Auctwatena nOe rascal the ~maw Assets held in auto* by JPA4upan Geese Bank NA Ohs Manklare nc4 subject le SIPCO excess SIPC protection Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00033331 SDNY_GM_00302529 EFTA01508157