EFTA01512382.pdf

JPMorgan n Private Bank FINANCIAL TRUST COMPANY, INC. ACCT. For the Period 8/1/08 to 8/31/08 ~mus pron; adAno JAMS/ maseneictiangse in sous ~annen;ams:vasa financialamrolson Utstasa yas skam JPAIS1 otniontase JPMSt sincon:dir Ne tromma:on metently in its Nos to be camp*. and maitale You*haud nei e isiceneasepeteleJnal cookineliona sch ~unnse eanasChon AV treisschons we 4~10 Yie lemo enel cond~ alsied on the (meiane. ot sunn conninstions end ansatased tne cons!Mon brien cualoms and inlerposabonsof tne inerkelacewhere mosut.:ane poweened by end Gom~ in ~namn, Be IIIWS C4. th, Sa of New Vsa and al soplisaMeheratiews ane Nigulatons Furtne, ~Pan nen respect to come:lp:as and ottes Onn« reatixt lo Be ~utan« Sansa:~ including «dona frans:~ hai been confrmebons Ihef wereprewouayturnehed to you Open minen manast JPA/SI pronualy supply you vatn the bles! sucn mfismebon Shrehoklersofortem JAM Funds ere climped a redemptice leeequsl to 2% ot Psrproceeds Bey °xenon?.ce redeem snares ciss:n lunds vatnes 62 dsys el purchase sukost to ~tan ~øens set kro, in the promecius cl Me appezabSaFsme Flosse consutt your JP140r96n refgesenlabvett e Dal 0/ ME. JPIA Funds Tal nipose resdeowbOn fon JAMS! is e mente ot Ne Secteilies InveNorMoltstion Corpoietion eSilutim maksime« membetthe, corporation lenda, by Drakee -cleslvs registered wen Ne Secuntee end Exchen9eCommeassn Semitt« anti Cash hekt lor a °salomo at JAMS! ese proSected by $IJCupbØ.0."e%pacvJonwswnxnndudnuyto71000o0daoMeAmhvcnb &PC Nam not pr~ against losses hon, OutlabritaS N the veka& Ne SeConliel Aset, nokl in custisdy by JFWagen thiseSenk N A (IM9eM7renolsubptoSlPC. Vatsmayoblain inlormenen obo& SliDC rcluding Be &PCBo:num m ~ ~sat st 'Iwevi sex ar ce by condactmg Nem ek (202)3)/-0Ø J P ØSaaetpalx JPMorpais GimseBann NA ce Moa Plsiemsri* 'Morgen Sc~mm7mayptovale~rustativen ausfats! sett anen:vanna snarenes/ot ~vaste JP1dosion Punda AmixicentainturyF une* or turals oStabOSPeld spoomnx1 thil~ menagect by thre møtes and Be Mogen Caripanies iney be compenseNd kr suen senat Explenation of JPMSI Refinpa JP&Ionian usas Be lollowng taMg system OVOIWeight Omr the next six to Moke nniens. no ripost Yta assch wdoupoavbm n» ~gje total tonns ot Be Podia in the arianars (cf the tinsysta teama) coreeispe unnes. Nausta!: Oro Me nest sa lo Mehe ~Pm we museet ro stod( via petkrm in Ane vitItr Ne mange totairetion of the socka a the anelysta (Or Ne erialystb teaniS)canwege ~ane uncletworgar Os< me nen so to Moke :inntas, ~speet rna tissck nit undenpeArm tne ~sage Mai:nyo ot Me Mosk? in tnt. omsyna Nis tne enelyårs townA)coventipe universa Milepandent Rasvek ~Ynga: JPMSI dess not endenes olnerwise ~pl Be i ndepenientRe3~NOWlesseSeerOSMatta relinga affentanif ras used vsnelyn. ~Aua tema es net es difecentreenga systems lo deSCna•tharienOtrasasdebaal JPMSI oste e yota,vo'ratimps system« dos<nbed *boye IRPs may use • ~monnetses system sutt as as en -adsoMo'rigings system and isse SUCh *OM es 'Ny' 'bod' or -5.4" Sinus 'seiane-and "alssotute-raps systems n fundementalydPetent you sneidd Ned iserehdly the Nifirinons ol sil namn used In ISO JPeiSt and IRA resetecn the! u inclulee iri the rammar tell Far the refsen and Pace Yro reseercneontaina the base kr Me teangs ss iste es complete inktmetionconowning the anelser. ymsa you Note: mimt ave, * he reSee,CIland not Puta tonens from the rating~ Jtabtopan Pinst. Senk 4 Ne ~ONN ~Ne NS private banking Manen concluctial by J P Morgen Snafs e Co treoumnits autedisnes ~kis* incti,ding JPSksgsn Snasa Benk. NA end J P Magen Seciminta Inc Account Page 11 of 1 1 Page 12 of 18 Confidential Treatment Requested by JPMorgan JPM-SDNY-00038229 Chase CONFIDENTIAL SDNY_GM_00307427 EFTA01512382