03 JPMorgan Chase Bank, N.A. 2006 345 Park Avenue, New York, NY 10154-1002 Account Number Q FINANCIAL TRUST COMPANY, INC. March 01. 2006 - March 31. 2006 JPMorgan 0 Private Bank Asset Account Portfolio Page 9 of 9 Exploration of JPMSI Ratings: JPMorgan uses the tabovng f otylo system Overweight. Over the nett sx to MeV', monehs no e. pea this Woe* !tog ou4oedorm tln&Jenettailreturn a the stacks rn the analyst's (a the eneyst's ream's) coverage universe Neutral: Oaf the nets set to !Ache month we expect YR: stock wh pakem.n Ana wen to rootage tote! return of the stocks n the anasts (a the analysts toarns)coeerags univase undenveight: Ova the next ex to Mere months. *learnt:ea this etcA me unsex perform the *bane total return a the stocks in the analysrs (or the aneysta team's) coverage universe Independent Research Ratings: JPMSt does not endorsea otnavnse adopt Me IndepenlentResearchProncleormearchanStirrategs Offerenterms use a variety& items !ant as aol as diforerttat.rgs systems to dasatethat recommoodetons JPMSI uses a -retatNerahngs system ea descnbed stove IRP$ may uses etf,erentrahres system such es as So ...b$0.11defig 0 94 system and use such *MS es UV . 170 0. •Ser SOCe "reastne.and abVNute.togs systems ara tuncenentakY &Tempt you ataataa reed CeeludY the &Anton: of all tangs used n the JPMSI and IRerosearen Ma: is me del m the research tea Fa the reasonand since the research contrails the bass kr the tames as wed as compete int:relator, concenung the analysts vans. you should reed tank* the resewchard not eta ,ts contents Fan the rahng atone JPMorgan Private Bank n The markehng name for the pewees tvinlverg busenoss conducted by J P Morgan Chase & Co through its subsea :es xondwde inctuleg .IPM:tgan Chase Bank NA 1P Morgan Trust Company. N A and J P Morgan &cat*: Inc Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00037823 SDNY_GM_00307021 EFTA01511983