EFTA00586550.pdf

"JPMorgan Private Bank^ is the marketing name for the private banking business conducted by J.P. Morgan Chase & Co.. and its subsidiaries worldwide. JPMorgan Chase Bank and J.P. Morgan Trust Co.. N.A. are members of the FDIC. J.P. Morgan Securities Inc. (JPMSI) is a member of the New York Stock Exchange and other national and regional exchanges. JPMSI and J.P. Morgan Securities of Texas, Inc. ("The broker-dealers") are broker-dealers with the NASD and members of SIPC. In addition, J.P. Morgan Chase & Co. may operate various other broker-dealers or investment advisory entities. The following is being provided for informational purposes only and/or in response to your request. Information contained in this message and any accompanying documentation, including but not limited to any research, market valuations, statements. confirmations, calculations or estimates, is believed to be reliable, but we do not warrant its completeness or accuracy. Opinions and estimates constitute our judgment and are subject to change without notice. Past performance is not indicative of future results. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The broker-dealers and/or their affiliates and employees may hold a position or act as market maker in the financial instruments of any issuer discussed herein or act as underwriter, placement agent. advisor or lender to such issuer. Valuations provided re0ect price estimates on the date(s) specified. Please refer to your official statement/confirmation. We cannot guarantee that different prices would not be available elsewhere and suggests that several valuations from other sources be obtained for the purpose of making required calculations. Target prices and anticipated yields arc based upon research materials and there can be no assurances that these prices or yields can be realized. The obligations and the securities sold, offered. or recommended, including mutual funds, are not deposits and are not obligations of, or endorsed or guaranteed by, any bank or thrift, nor are they insured by the FDIC or any governmental agency. Please contact your JPMorgan Private Bank representative for further information or regarding any transaction. This information isfor the. ole use of the person to whom it is addressed, and may be privileged and confidential. Any use, distribution, or duplication by anyone other than the addressee is prohibited. If you receive this in error. please not05, the sender immediately and return it by mail. 0 2001 J.P. Morgan Chase & Co. EFTA00586550