hedge funds) in which case it i= distributed by J.P. Morgan (S.E.A.) Limited (JPMSEAL). =oth JPMCB Singapore branch and JPMSEAL are regulated by the Monetary Autho=ity of Singapore. 3 EFTA_R1_01316171 EFTA02345835 =OD This mess=ge has been prepared by personnel in the (Sales and Trading Departments)of=one