Peeing and Valuations Market Wu. oformeisce (mak/Ong without laintarbon prate exchange rates. accrued mows and toed retinas) furnehed lino has been Maned from sources that the Bens Wives to be rebbsesnd n henetted for Me °saves. use of the dent The Bank makes no repseentabon werantyce guarantee expres

Pitting and Valuations Merkel Wu. efOrmetiOn 0n0L0ng without Wrababon. probs. exchange tales. abroad moons end bond ratings) furnolled Moen has been Maned frOm buttes that the Bans Wives to be rebbseland is banished br Idle exCiuswe use of the dent The Bank makes no recasentabon werantyce guarantee. ex

racyot as makzabViya4ies Aran's< value agortnaton ~tang without ~ratan pirres eichange rates, stated income and bond macros) turnoned homy' has been Maned from sources that the Sank behoves:4r be rehalateand A/crashed /or the ettowe use 01 the cat, The Bank makes no rettlOSOnt.liOn.worran,y or guarant

uracy or as reabrabecytars µprkel valve Wormaten (mOulng without /minnow mesa exchangerates. accrued income and bond tamps) tututshed hereinhas been Maned from sources tnat J P Morgan tamest° be reltadeand le lunnaned for the exatievouso &Me °tent. JP. Morgan makes rio representation warranty a guarant

or as makzatarivatues Markel value (Monnaton onductog without inkraton does midrange rates. accrued income and bond ramps) turntsned norms, has been Maned from sources that the an behevesto be relabieand ts hashed tor the erciusweuse col Me !Pent The Sank martin no repfosentaton. warranty or guarantee.

bt ~mayor as makzaavaNes WAG, vat,» .n.orrnatiOn Ontbeang «hoot Iodation mrces etcharge rates, accrued income and bond ratr95)turnt~ nerov, has open Maned from sources that Me Bank &doves:4 be rekabteand K furnished tor the intrusive use ol the dent The Bank makes no retresentahon wairanty or guarantee

tool craned by to madame& av rat:candor spancr cl each pagan a b/ a thrdinly vender nation bielMaxleM erasion by ID knaodde. Values me/ ra Mk« the Maned nrclutne MCC and ~id due a be malted oxen Iquancn P an onnumd value canna be estatithod Ø0h One nononn. Me odualm mar be reheated as Nfinaited (NV)

ame Account number: SCOTT STACK MAI/LYLE CASRIEL 212.821.7000 800-308.3 140 Your assets . Fixed income (continued) Municipal securities nos are Maned from independent guotabon bureaus the use carputeized ye union formulas to ciscoum for securities issued a a discount. when ongIref cost basis Is &p

b redemption ail be selected ethereally by lot 'rem among all sashes of that issue held n our name or n none name for as clam Call lease Monaco is Maned from third • ••• dorateed Other call • • - aid Elect *RI. complete upon request. • Le tittrotte of depose (Ws). COs at FDIC nsured .3 • . -

iDa: nibs • prialbealua Plat 0603)0 fa Wales ad other Products my be hror a bww true to ace that you YAU kl aaually reCtve in me make; Picas are Maned Iran vanxn Mid party Warn Much we belie to be reline, but we do not gamma tee ax racy - We moray me ter dosngpda when aralabb cr the mein or Pend