EFTA01503395.pdf

September 30, 2006 - ZORRO TRUST October 31, 2006 JPMorgan 0 Primary Account Nun Bank Private Page 3 of 3 Important Information about Your Statement Accounts arc subject to the Gomel Terms For Accounts and Services and applicable appendices and account agreements. Your accounts. unless otherwise indicated on the statement, are held by JPMorgan Chase Bank, N.A. (Mellott( Deposit accounts held at the Bank. including checking, savings, CD, and money market accounts, one FDIC it In Case of Errors or Questions About Your Electronic Rinds Transfers (personal accounts oak) leleplume or urge to the Bank d you think your statement or receipt is wrong, or if you nail more inlormation about an electronic transaction on a statanent or nxeige. 1be phone number for inquiries is printal on the front of this stattanent The °tithe% for inquiries appairs below. We must hair from you no Inter than 60 days atler we sent you the FIRST statement on which the error or problem appealed • Tell is your name and account number. Please direct all inquiries to your Morgan Account Officer at • Describe the erns or the transfer you are unsure about. JPMorgan Private Bank Client Service and explain as clauly as you can why you believe it is an 500 Stanton Christiana Road, POPS3 error or why you need more information. Newark, DE 19713-2107 • Tell us the dollar amount of the suspected error. We will investigate your complaint and will correct any error promptly. If we take more than 10 business days to do this (20 business days for transactions owside the U.S. and paint-of-mle transactions). we wilt recredit your account for the amount you think is in error so that you will have we of the money during the time it takes us to complete our investigation. hi Case of Erron or Questions About Non ElectronicTransfers liaise examine your account at once. If you feel an error has taken place or have questions concerning a non-elatrome transaction, telephone or write us within in days The phone number is printed on the front of Nis statement. 'the address appears above. If no mem is received within this paiod, your account will be considered correct. Mutual Rinds/Securities Securities (including Mutual Funds) and annuities are not bank deposits and are not FDIC insured nor are they obligations of or guaranteed by JPMorgan Chase Bank, N.A. or its affiliates or any federal or state government or government agency or goiemment sponsored agency. Securities (including mutual funds) and annuities int e ins estment risks, including the possible loss of the principal amount Invested. The distributor of the IFMorgan Funds is JPMorgan Distribution Saviors. Inc.. which is an affiliate of JPMorgan Chase Bank. N.A.. JPMorgan Chase Bank, N.A.. and its affiliates receive compensation from JPMorgan Funds for providing smites. Read the JPMorgan Funds prospectuses carefully for details, including fey and expensa before investing or sending money. JPMorgan Select Shares of the Connecticut Daily Tax Free Income Fund, Inc. and JPMorgan Select Shares of the New Jersey Daily Municipal Income Fund, Inc. are not part of. or affiliated with, the JPMorgan Family of Mutual Funds. Reich & Tang Distributors Inc. and Reich & Tang Ames Management L.P., which are unaffiliated with JPMorgan, arc the funds' distributors and investment advisor, respectively. Reich & Tang Distributors Inc. is a member NASD. IRA Accounts Accounts where the Bank serves as trustee or as discretionary' investment manager for an ERISA plan or an IRA that hold Fiduciary Shares (as described below ) do not bear any portion of investment, administrative, custodian or other charges paid to the Bank or its affiliates for services to the applicable JPMorgan Funds since these charges are subject to rebate as defined below. For accounts where the Bank serves as trustee, or dimmtioany investment manager for an ERISA plan or an IRA, which hold shares in the JPMorgan Funds other than Fiducimy Shares, the Bank moves fees for services from the JPMorgan Funds but smears account fees with respect to the funds so held. Fiduciary Sharm arc shares in the Select Shares class of JPMorgan Tax Aware Large Cap Value Fund, JPMorgan US Equity Fund. JPMorgan Tax Aware US Equity Fund, JPMorgan Tax Aware Large Cap Growth Fund. JPMorgan Mid Cap Equip Fund. JPMorgan 7 rust Small Cap Equity Fund, 'Morgan Fleming International Equity Fund. IPMorgim Short Tam Bond Fund II, JPMorgan Bond Fund II. JPMorgan Tax Aware Enhanced Income Fund, JPMorgan Tax Aware Shoffilmermodime Income Rind, JPMorgan Intermediate Tax-Free Income Fund, JPMorgan lax-Fm Income Fund, WMorgan California Bond Fund. JPMorgan NY Intermediate Tax Free Income Fund and 'Morgan NJ Tax Free Income Fund held in the Banks trust accounts or in the Bank's investment management accounts for ERISA plans or IRAs. 'Rebate means rut amount returned by the Bank to the account which holds the Fiduciary Shares. The rebate amount represents the portion of servicing fees paid to the Bank by the mutual fund with respect to Fiduciary Shares. Confidential Treatment Requested by JPM-SDNY-00028024 JPMorgan Chase CONFIDENTIAL SDNY_GM_00297222 EFTA01503395