EFTA01503353.pdf

January 01,2005 - ZORRO TRUST January 31,2005 Primary Account Number. JPMorgan Private Bank Page 3 of 3 Important Information about Your Statement Personal accounts are subject to the Deposit Accounts Agreement or the General Tams For Accounts and Services. Business amounts are subject to the Terms and Conditions for Commercial Accounts or the General Terms For Accounts and Services. Your accounts, unless otherwise indicated on the statement. are held by JPMorgan Chase Bank. NA. (the "Bank") Deposit accounts held at the Bank, including checking. swings, CD, and money market accounts, arc FDIC insured. In Case of Errors or Questions About Your Electronic Funds Transfers (personal accounts only) Telephone or ante to the Bank if you think your statement or receipt is %%Tong. or It you need more mlonnation about an electronic transaction on a statement or receipt. The phone number for inquiries is pnnted on the front of this statement The address for inquirirn appears below. We must hear from you no later than 60 days arta we sent you the rattsT statemcnt on ernich the error or problem appeared. • Tell us your name and account mantas. Plisse direct all inquiries to your Morgan Accession Unica at •13escribe the mar or the transfer you arc unsure &Null JPMorgan Private Bank Client Service and explain as clearly as you can why you believe it is an 500 Stanton Christiana Road, I/OPS3 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 arm promptly If we take more than 10 business days to do this (20 business days for tninections outside the U.S. and point-of-salc transactions), ne will recredit your account for the amount you think is in amt so that you will have use of the money drums the tune it takes us to complete our investigation. In Case of Er on or Questions About Non Electronic Transfers Please examine your account at once if you feel an error has taken place or have questions concerning a nowelectrome transaction. telephone or write us within ltl days. The phone number is primed on the front of this statement The address appears above. If no report is received sedan this period. 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 gm ernment or government agent) or government sponsored agency. Securities (including mutual funds) and annuities invoke ins int ment risks, including the possible loss of the principal amount Invested. The distributor of the JPMorgan Funds is J.P. Morgan Funds Distributor. Inc. which is not alliliated with the Bank. the Bank and its affiliates receivecompensation from the JPMorgan Funds for providing services to the funds. Raid the ;Morgan Funds prospixtuses carefully for details including fees and impasse:, before investing or :ending money. JPMorgan Select Shams of the Connecticut Daily Tax Free Income Fund. Inc. and JPMorgan Select Shams of the New Jersey Daily Municipal Income Fund, Inc. arc not pail of, or affiliated with, the Jilslorgan Family of Mutual Funds. Reich & Tang Distributors Inc. and Reich & Tang Asset trtanagemert L.P.. Mich are unalfiliatal with WMorgint an: 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. adminisgative.curtodian or other charges paid to the Bank or its affiliates for services to the applicable JPfsforgan Funds since these charges arc subject to rebate as defined below. For accounts %%here the Bank asses as trustee, or discretionary investment manager for an ERISA plan or an IRA. which hold shares in the JPMorgan Funds other limn Fiduciary Shares, the Bank receives fees for services from the JPMorgan Funds but naives account fax with respect to the funds so held Fiduciary Shares are shares in the Select Shams class of 'Morgan Tax Aware Large Cap Value Fund, JPMorgan US Equity Fund, 'Morgan 'fax Aware US Equity Fund. „IPMorgan Tax Assure Large Cap Growth Fund, 119rtorgem Mid Cap FAIUM Fund. JPMorganmist Small Cap Equity Fund, ;Morgan Fleming International Equity Fund. JI'Morgrin Short Tenn Bond Fund II, ;Morgan Bond Fund II, 'Mown Tax Aware Enhanced Income husk JPMorgan 'fax Assure Short-Intermediate Income Fund. JI'Morgan Intermediate Tax-Free Income Fund, JI'Morgan Tax-Free Income Fund. JPMorgan California Bond Fund. JPMorgan NY Intermediate Tax Free income Fund and JPMorgan Ni Tax Free Income Fund held in the Bank's mist accounts or in the Bank's investment management accounts for ERISA plans or IRAs. 'Rebate means an amount returned by the Bank to the account which holds the Fiduciary Shares. The rebate amount represents the portion of servicing foes paid to the Bank by the muted fund with respect to Fiduciary Shares. Confidential Treatment Requested by JPM-SDNY-00027961 JPMorgan Chase CONFIDENTIAL SDNY_GM_00297159 EFTA01503353