and real mate 'vestment trust seasi es) arid strut ond products are generalty highly &gni. Chan struck/id nairts haw not been registered with the Secants and &charge Ccmmssin or nder any state securities laws. We prone einnated values for private mourner. wastes and snot wed mains for rkirmal cnal

37.000 39.4500 1.459,650 Total Equities& Options 119,739.088 5251.320 TOTAL EQUITIES 119.739.088 5251.320 027 07.26,020,29 001 See. blip Secants On. One menace term It leasken. Ka York 1120141x9 t2121 2724 WO INSTITUTIONAL INTERESTS NC •2 STATIPpen Per003 Leary 1.2032 TRouGH Mee/ 25.200

prospectus of Me applcableFund Flesseconsua your JI:Vottlanrellsesentabretw a eat of Me JPM Funds drof epee redieneltiOn ANS JPMS1 is e member dine Secants, Invests, Fteletten CaplvatiOn(SIFC).• not-lawobt MeMbenhp Cayeebon funded by broker-dee* sepolentil no the Securities and EsCanst•CCeningtelo Sada.,

POST CREDIT INTEREST 15 .59 117.65699 NYCO CRI 0.00 POST CREDIT INTEREST 266.60 117,925.11 Pomp:elan Balance before Sep 1, 2004 117,640.99 Secants to Pets Grads Oslance 'Starling balances on if of Akio-3140X •446yrly Period for Nu repartee Sep-01-2006 lo Sep-.10.2004 End Balance (EUR) 117,

ram shear estate nominee trust securities) and stntchred products are general,/ honk MOM Celan struchad products have not been registered with the Secants and Exchange Cm-mission or axle, any state setureeraws We provide est mated vales for ante iwestment securities and structured products for Wormati

reg agency, and credits/ accord. Investment °batting ion nreslmeel objectives and risk profile err spec le to each account and may may between you Secants Phase advise the Firm empty in wining of ry sgodicant change ins, I nancial siketion or investment daemon For each scant held, you moose sea the b

www.ubs corn( tweepvields, from yore inner.' Advisor or by calIng KO-7621000_ UN Financial Services account protection The Firm is a meter of the Secants hosted. Protection Corporation (sec), with protects securbes custonwn of is marten up to 1500,000 Including S250.00) for dams fee cadg. fteganator

and realPalle investment asst sessile.) and structred prodxts are anorak, highly dthrid. Cann stets-tend pastas have not been registered with the Secants and Exch Commission cc under mg date secured:tn. We provide estmated value, for private investment sec:vitas arid sthstured products tor tikentati