N.A. 2005 345 Park Avenue, New York, NY 10154-1002 II3JPMorgan Private Bank Asset Account Portfolio Page 15 of 18 Explanabon *ISMS Ratings: JAN.:man uses the kilowng /tØ system OvI~PC Otto ~next Su to Mee months. we expect the stock wa merkm Me nape MR ravn &the sleeks in the analyses Re The si