EFTA01512245.pdf

JPMorgan 0 Private Bank FINANCIAL TRUST COMPANY, INC. Account Number: O 78805-00-1 December 01, 2007 - December 31, 2007 JP Maps) Seantes Inc JPIAagen Chasegenk NA a the, eorgefes (Me Urger; Cothoeneettray ptowdeedmoustrehre cue:O<W sake MO hutch a sharehadetsetvoces to JP&Icegen Fundy Ameecen CenturyFunds a logs ealaofthed sponsored teemed a managed0y WO paths and the Morgan Companies Troy be cmpansagl tor such soya. enwanation Of JPIOSI Ratings: JPMagen uses tae kitrorlog reap system Overweight: Paw the, nests& to Melee tranft we expect this stock wi outperlann the average total return of the stocks in the eneYsta (a the analyzes !earns) Coven:80e unmene Neutral: ev. me hart sag to twelve means wit owned rhos axe me ;helot m in hop wen the *vane PM' WWI, of Me stoces .h lM eneys ts (a the analyst's leivalcoverege unmet* uneenveigN: Over the next sic to hveke months we expect this stock we' undercerfam Me average total mean ac the necks., the anelists theanalyst} team's) careen. abuse Independent Research Ratings: JPMSt does not codas* a cannot° adopt the InclapendentResearch louder resevch °Alla 'en?: DtfloterdIrrn: use a wanotycl tangs terns es wades diflerenhangs sys.lenu to descpbe then tecornmenclaboss JAMS/ ayes a iculitnehatvps systems, descnbeclabore na.Ps "eyes. raddltvenf reaps system such es as eo lebso/ufe".etew system and use such term* ea guy". Tod'. a 'a eV' SaVereklEve'end'abadute'rence systems ere lintamendalydeneent you shout./ moo/ *Neon', detrutons or se 'ergs used n the JPM$t end 'RP rasesch that 4 ocilsged ,n the tosealchitsell Fa ins mesa, and since the , PSPO/Chant1.13 Ih tV.S4 la the reales as erot as complete inkanaeon concetang 1115 enahsts aews )Cu snove reed careftgy the toyeetchend not et to contents horn the rang &bre JPVcraan Asealellard‘ is he marketing name la the prnato banA,r9 business conducted by J P Morgan Chase & Co throw," es sub:chafes actwde extachog ft:Mogan Chase Rank NA., JP Morgan Trust Company NA and JP Woven Sccunhos Inc Page 10 of 14 Confidential Treatment Requested by JPMorgan JPM-SDNY-00038092 Chase CONFIDENTIAL SDNY_GM_00307290 EFTA01512245