escribed below) do not bear any portion of investment. administrative, custodian or other charges paid to the Bank or its affiliates for services to JI'Morgan Funds for which a rebate process has Isom established since these charges are subject to rebate as defined below. For accounts of the Bank as trust

escribed below) do not bear any portion of investment. administrative, custodian or other charges paid to the Bank or its affiliates for services to JI'Morgan Funds for which a rebate process has beim established since these charges are subject to rebate as defined below. For accounts of the Bank as trust

ate as defined below. For accounts of the Bank as trustee. or discretionary investment manager for an ERISA plan or an IRA. which hold Ala/CS in the JI'Morgan Funds other than Fiduciary Shares, the Bank receives fees for services from the JPMorgan Funds but waives account fees with respect to the funds so

liated with, the .1Morgan Family of Mutual Funds. Reich & Tang Distributors Inc. and Reich & Tang Asset Management L.P.. which are unaffiliatal with JI'Morgan. are the funds' distributors and investment advisor. Reich & Tang Distributors Inc. is a manba NASD. The Barth is not a registered broker-deals. Se

rebate as defined below. For accounts of the Bank as mince. or diwretionary investment manager for an EFUSA plan or an IRA. which hold shares in the JI'Morgan Funds other than Fiduciary Shares, the Bank receives fees for services from the JPMorgon Funds but waives account flies with respect to the funds so

ebate as defined below. For accounts of the Bank as trustee. or dimtetionary roves Ment manager for an ERISA plan or an IRA. which hold AWICS in the JI'Morgan Funds other than Fiduciary Shares, the Bank receives fees for services from the JPMorgan Funds but waives account fees with respect to the funds so

iated with, the JPMorgan Family of Mutual Funds. Reich & Tang Ifistributors Inc. and Reich & Tang Asset Management L.P.. which an: unaffiliatal with JI'Morgan are the funds' distributors and investment advisor. Reich & Tang Distributors Inc. is a manba NASD. The Bank is not a registered broker-deals. Secu

described below) do not bear any potion of investment. administrative, custodian or other charges paid to the Bank or its affiliates for services to JI'Morgan Funds for vthich a rebate process has bum established since these charges are subject to rebate as defined below. For accounts of the Bank as trust