EFTA01507196.pdf

05 12004 JPMorgan Chase Bank 345 Park Avenue, New York, NY 10154-1002 fl JPMorgan Private Bank Account Number: Q Asset Account Portfolio Page 75 of 78 FINANCIAL TRUST COMPANY INC May 01, 2004 - May 31, 2004 The JPIIorGten Fund* or The JAWOrpan Institutional Funds Or The Amine-en Century Funds Shares el enelunds ere not benA depossts and ti e nd guaranteed soy bank ponynrrententity a the FCC Patten and aharepnce a+0 voterrey ba masa Wu than o"gnslcost NMt the money market funds seek ro memtern e stable net asset valve of SI 00 pee share theie4 no assatencethet they wArconbnoe to do ao Tlwestimatedannual~me and dvdend,nmt byte°,kf mufti& funds reptesentthe tonal,' most recentmcome dnodendannuaty.ed JP Madan Funds Datntruice Inc 4 the dotobtrkr of Me JP1Mcfgen Funds end AnWeanCenlury Investment Sernees /ne 4 the d,s!nbub' tithe Amoncan Century Funds JP Alteden Investment Menneensnt Inc and Amman Century InvestmentManagement Inc 'ewes irra ecnassa to thewres~ fund lanxteu and rece.wcornbensabon from II444.3~4,fund fain, le9 nb plOoding ~MON ofv44ryand «her seenced tf >co liens ~en One et toa seep ~yet funds )Ou ere noffied the: p05Ø5 m the Ate Money V&A., Sweep Fund recresent heldel» el the JPMagen Arnie Abney Melt«Fund ',alp:WM in the Federal Money Markel Sweep Fund te~ hob®, N Tora JAW:wean Fedor✓elMoney MarkoI Fund anipastions in Me Te.. ExempttlecwyltenetS*,00FonetretvesentrPOthn93 in the JPMorgan Tax EfloOpWOM./ MA441FoOd JI:faSI 4 the custodian of Wed ophons end au mufue funds ~chased Trough JPMSlerek.d,r4JPMcepon end Am«rcenCentwy funds JPMS/ e ~Pact Ine SOCUub0.1IM.SMIROMCLCnCorpcabonrSIPC7 not~proremomborsheccepaation funded by broketanisisrogn»rednitn the Socurrtes and Exchenp.ComnNswer SO[44~and Cab OOP fors coøomw account at JOS'S! So (VOW'Ind op to WO ~net *MVO, each «moot Thelest SWO000 PfOOlft44 the, * oCk4aS uP 101160000 c ~el fa coin. pavan by SIPC As of ~Cif 2004. the balence of Me pon•cbon 4 pf04~by a sspeflExcessSIPC Surery Bona .syucd by Coffin, Asset Profection Cryan', &PC and e•coss &PCpotecZon do no! protect against twos from nuctusbons rn the he4.red the socuntn:s Assets held», costae? by JPgovan ChoseElenk (the Sonli)we not subject lo &PC a ewes: &PC oroleclon JP Ma(ao Stewr:»9 Inc. JPIArden Chase Bank of aner ett4atesane 'Mogan Cornbann1nay provdeednw)4>etive cuslodei saps, destnbuton a shdvencider s wscesto JPMorgan Funds. ~Ken Century Funds or funds i‘&414.1144 sponsored advt.& b managed by (and pates end the Morgan Conloanios may bo con'pana for sun sonncos »Wavon Pryor., Bonk n tea ~ohm; name for ea pnvoro bonk;ng buz.noss caceltetod by J P Wigan Chore & Co tiwouri rts suesdenes aondwdo. inch.d..ng JP4corgan Close Bonk JP Morgan Trust Company NA and. P Morgan Secuntes Inc Confidential Treatment Requested by JPMorgan JPM-SDNY-00032204 Chase CONFIDENTIAL SDNY_GM_00301402 EFTA01507196