From: Barrett, Paul S <[email protected]> Sent: Wednesday, January 4, 2012 7:58 PM To: Jeffrey Epstein Cc: Giuffrida, David Subject: To Discuss =OA Jeffrey =OA =p class="MsoListParagraph" style="text-indent:-.25in;mso-list:I0 lev=l1 Ifol">1. = Put $5MM of the $21MM in the short duration bond fund=/p> 2.&=bsp; Do you want any further pricing on oil calls?=/p> 3.&=bsp; I still prefer playing EUR to the downside using the EUR Puts t=at we have been buying. If spot gets back above 1.3000 I think we shou=d buy 1.3000 EUR Puts with a 1.2450 Knock Out. <=p> Will call you in the morning=2E &=bsp; Paul=/o:p> <=0:p> <=span> =OD Paul Barrett, CFA Managing Director =lobal Investment Opportunities Group JPMorgan Private Bank EFTA_R1_01704047 EFTA02548963

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