EFTA01568068.pdf

JPMorgan Chase Bank, N.A. GHISLAINE MAXWELL 345 Park Avenue, New York, NY 10154-1002 ACCT. For the Period 7/1/09 to 7/31/09 0000010290.00.0.20.00003.MAXWE00.20090804 GHISLAINE MAXWELL 16 ISLAND AVE APT 7D MIAMI BEACH FL 33139-1331 Asset Account J.P. Morgan Private Bank Team Mary Casey Janet Young William Doherty III Banker Client Service Team Client Service Team Table of Contents Account Summary Holdings Equity Cash and Short Term Fixed Income Other Assets Portfolio Activity Online access www.MorganOnline.com Page 2 4 7 11 14 16 Client News Elimination of Equity Research Ratings This statement no longer contains equity research ratings for companies covered by J.P. Morgan. For detailed company research and ratings, please visit J.P. Morgan Online or contact your J.P. Morgan team for more information. Page 1 of 29 EFTA01568068 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 Account Summary Asset Allocation Equity Cash & Short Term Fixed Income Other Assets Market Value Accruals Market Value with Accruals Beginning Ending Market Value 537,691.14 5,757,088.61 194,792.00 134,267.13 $6,623,838.88 5,323.35 $6,629,162.23 Market Value 587,229.56 5,738,932.40 199,674.00 104,640.00 $6,630,475.96 4,443.32 $6,634,919.28 Current Portfolio Activity Beginning Market Value Contributions Withdrawals & Fees Securities Transferred Out Net Contributions/Withdrawals Income & Distributions Change In Investment Value Ending Market Value Accruals Market Value with Accruals (0.03) (21,855.00) ($21,855.03) 1,173.09 27,319.02 $6,630,475.96 4,443.32 $6,634,919.28 Period Value 6,623,838.88 EFTA01568069 Change In Value 49,538.42 (18,156.21) 4,882.00 (29,627.13) $6,637.08 (880.03) $5,757.05 Year-to-Date Value 6,377,327.40 900,000.00 (462,860.67) (349,610.00) $87,529.33 13,466.37 152,152.86 $6,630,475.96 4,443.32 $6,634,919.28 Cash & Short Term Estimated 54.50 Current Annual Income Allocation 9% 6,500.00 8,000.00 5.75 86% 3% 2% 100% Other Assets Equity Fixed Income Asset Allocation Page 2 of 29 EFTA01568070 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 Account Summary Tax Summary Domestic Dividends/Distributions Foreign Dividends Currency Gain/Loss Interest Income Taxable Income Tax-Exempt Income Bond Premium Amortization Tax-Exempt Income CONTINUED Current Period Value 2.17 0.26 (939.42) 2,110.08 $1,173.09 Year-to-Date Value 1,919.85 6.55 (939.42) 189.07 $1,176.05 12,347.18 (56.86) $12,290.32 Unrealized Gain/Loss To-Date Value ($101,786.72) ST Realized Gain/Loss Realized Gain/Loss Current Period Value (234.95) ($234.95) Year-to-Date Value (10,793.03) ($10,793.03) Page 3 of 29 EFTA01568071 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 Equity Summary Asset Categories US Large Cap US Mid Cap/Small Cap Non US Equity Total Value Beginning Market Value 275,454.00 8,003.90 254,233.24 $537,691.14 Ending Market Value 277,645.25 8,022.89 301,561.42 $587,229.56 Change In Value 2,191.25 18.99 47,328.18 $49,538.42 Current Allocation 4% 1% 4% 9% US Mid Cap/Small Cap Non US Equity Asset Categories Equity Current Market Value/Cost Market Value Tax Cost Unrealized Gain/Loss Estimated Annual Income Yield Period Value 587,229.56 689,069.98 (101,840.42) 54.50 0.01% US Large Cap Page 4 of 29 EFTA01568072 EFTA01568073 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 Equity Detail Estimated Quantity US Large Cap GOOGLE INC CL A 38259P-50-8 GOOG PROSHARES ULTRASHORT S&P 500 Total US Large Cap 74347R-88-3 SDS $277,645.25 US Mid Cap/Small Cap LIVEPERSON INC VISTEON CORP DEFAULT 92839U-10-7 VSTN Total US Mid Cap/Small Cap Non US Equity BP PLC HELD BY JPMORGAN CHASE BK LON ISIN GB0007980591 SEDOL 0798059 G12793-91-8 GBP Page 5 of 29 $8,022.89 $12,328.80 ($4,305.91) $0.00 0.00% 2,000.000 538146-10-1 LPSN 26.000 0.11 2.89 429.00 (426.11) 4.01 8,020.00 11,899.80 (3,879.80) $341,375.20 ($63,729.95) $28.50 0.01% 250.000 47.26 11,815.25 13,642.50 (1,827.25) EFTA01568074 28.50 0.24% Price Market Value Tax Cost Unrealized Gain/Loss Annual Income Accrued Dividends Yield 600.000 443.05 265,830 00 327,732 70 (61,902 70) 18.000 8.24 148.37 164.25 (15.88) EFTA01568075 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 Estimated Quantity Non US Equity CURRENCY SHARES EURO TRUST GLAXOSMITHKLINE PLC 23130C-10-8 FXE 1.000 HELD BY JPMORGAN CHASE BK LON ISIN GB0009252882/SEDOL 0925288 G3910J-90-6 ZZZZ GBP RESEARCH IN MOTION LIMITED SPDR GOLD TRUST Total Non US Equity 760975-10-2 RIMM 400.000 78463V-10-7 GLD $301,561.42 $335,365.98 ($33,804.56) $26.00 0.01% 93.35 37,340.00 33,482.00 3,858.00 1,600.000 75.99 121,584.00 160,288.72 (38,704.72) 19.05 19.05 26.60 (7.55) 1,000.000 142.47 142,470.00 141,404.41 1,065.59 26.00 0.02% Price Market Value Tax Cost Unrealized Gain/Loss Annual Income Accrued EFTA01568076 Dividends Yield Page 6 of 29 EFTA01568077 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 Cash & Short Term Summary Beginning Asset Categories Cash Short Term Total Value Market Value 25,320.09 5,731,768.52 $5,757,088.61 Ending Market Value 10.25 5,738,922.15 $5,738,932.40 Change In Value (25,309.84) 7,153.63 ($18,156.21) Current Allocation 1% 85% 86% Asset Categories Cash & Short Term Cash Current Market Value/Cost Market Value Tax Cost Unrealized Gain/Loss Estimated Annual Income Accrued Interest Yield Period Value 5,738,932.40 5,736,484.70 2,447.70 6,500.00 1,776.72 0.15% Short Term Page 7 of 29 EFTA01568078 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 Cash & Short Term Summary SUMMARY BY MATURITY Short Term Less than 3 months SUMMARY BY TYPE Short Term International Bonds Mutual Funds Total Value Market Value 161,262.92 5,577,659.23 $5,738,922.15 % of Bond Portfolio 3% 97% 100% CONTINUED 5,738,922.15 Market Value Page 8 of 29 EFTA01568079 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 Note: This is the Annual Percentage Yield (APY) which is the rate earned if balances remain on deposit for a full year with compounding, there is no change in the interest rate and all interest is left in the account. Cash & Short Term Detail Quantity Cash POUND STERLING US DOLLAR Total Cash Short Term JPMORGAN NEW YORK MUNICIPAL MONEY MARKET FUND RESERVE SHARE CLASS FUND 24 4812A0-82-1 AUSTRALIAN GOVERNMENT - AUD 7 1/2% SEP 15 2009 DTD 09/15/1996 HELD BY EUROCLEAR ISIN:AU0000XCLWF9 SEDOL:6058638 Q08185-9C-8 NA /AAA AUD 75,000.00 83.58 62,686.13 61,779.46 906.67 4,676.34 1,766.28 3.10% 5,577,659.23 1.00 5,577,659.23 5,577,659.23 6.18 1.66 1.00 10.25 9.51 0.74 N/A 0.39 $10.25 $9.51 $0.74 $0.00 $0.39 EFTA01568080 0.00% 0.07% Price Market Value Tax Cost Adjusted Original Estimated Unrealized Gain/Loss Annual Income Accrued Interest Yield Page 9 of 29 EFTA01568081 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 Quantity Short Term JP MORGAN CHASE BANK - NZD LONDON TIME DEPOSITS 1.8500% DATED 07/30/2009 MATURITY 09/30/2009 HELD BY LONDON TREASURY SERVICES Bearer 60703L-9N-9 NZD Total Short Term $5,738,922.15 $5,736,475.19 $2,446.96 $6,500.00 $1,776.33 0.15% 151,017.73 65.27 7/30/09 98,576.79 97,036.50 1,540.29 1,823.66 10.05 7.01% Price Market Value Tax Cost Adjusted Original Estimated Unrealized Gain/Loss Annual Income Accrued Interest Yield Page 10 of 29 EFTA01568082 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 Fixed Income Summary Asset Categories US Fixed Income - Non Taxable Beginning Market Value 194,792.00 Ending Market Value 199,674.00 Change In Value 4,882.00 Current Allocation 3% Asset Categories Fixed Income Current Market Value/Cost Market Value Tax Cost Unrealized Gain/Loss Estimated Annual Income Accrued Interest Yield Period Value 199,674.00 198,768.00 906.00 8,000.00 2,666.60 4.02% Page 11 of 29 EFTA01568083 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 Fixed Income Summary SUMMARY BY MATURITY Fixed Income 5-10 years' SUMMARY BY TYPE Fixed Income Municipal Bonds Market Value 199,674.00 % of Bond Portfolio 100% Market Value 199,674.00 CONTINUED % of Bond Portfolio 100% 1 The years indicate the number of years until the bond is scheduled to mature based on the statement end date. Some bonds may be called, or paid in full, before their stated maturity. Page 12 of 29 EFTA01568084 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 Fixed Income Detail Quantity US Fixed Income - Non Taxable CITY OF NEW YORK N Y NYC PUBLIC IMPS UNLIMITED TAX 4% SUBSER L-1 APR 01 2019 DTD 4/23/2008 HELD BY DTC BOOK ENTRY PAR CALL 04/01/2018 @ 100 64966G-3W-0 AA /AA3 Price Market Value Tax Cost Adjusted Original Estimated Unrealized Gain/Loss Annual Income Accrued Interest Yield 200,000.000 99.84 199,674.00 198,768.00 906.00 8,000.00 2,666.60 4.02% Page 13 of 29 EFTA01568085 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 Other Assets Summary Asset Categories Structured Investments Other Total Value Beginning Estimated Value 97,795.13 36,472.00 $134,267.13 Ending Estimated Value 97,930.00 6,710.00 $104,640.00 Change In Value 134.87 (29,762.00) ($29,627.13) Current Allocation 1% 1% 2% Other Asset Categories Other Assets Structured Investments Other Assets Detail Quantity Structured Investments DUAL DIRECTIONAL KNOCK-OUT NOTE LINKED TO THE S&P 500 INDEX 8/19/09 JPMORGAN CHASE (1XLEV-98% PRIN PROTECTION +1-19.65% BARRIER) INITIAL LEVEL-SPX:8/22/08: 1292.20 48123L-MS-0 100,000.000 97.93 97,930.00 100,000.00 (2,070.00) Price Estimated Value Cost EFTA01568086 Estimated Gain/Loss Page 14 of 29 EFTA01568087 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 Quantity Other PROSHARES ULTRSHORT QQQ 74347R-87-5 QID 250.000 26.84 6,710.00 7,940.00 (1,230.00) Price Estimated Value Cost Estimated Gain/Loss Page 15 of 29 EFTA01568088 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 Portfolio Activity Summary - U S Dollar Beginning Cash Balance PRINCIPAL Current Transactions Income INFLOWS 3.70 Contributions Total Inflows OUTFLOWS Withdrawals Foreign Exchange - Outflows Total Outflows TRADE ACTIVITY Settled Sales/Maturities/Redemptions Settled Securities Purchased Total Trade Activity Ending Cash Balance * Year to date information is calculated on a calendar year basis. 31,268.66 (21,582.50) $9,686.16 $0.00 687,105.14 (1,072,525.90) ($385,420.76) -$0.00 $0.00 $0.00 -(35,000.00) ($35,000.00) $3.70 15,315.78 900,000.00 $915,315.78 (462,860.00) (161,166.29) ($624,026.29) $0.00 $0.00 Period Value 25,310.14 Year-To-Date Value* -INCOME Current Period EFTA01568089 Value 0.00 Year-To-Date Value* -$0.00 $0.00 Page 16 of 29 EFTA01568090 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 Portfolio Activity Summary - U S Dollar Total Cost Adjustments Current Cost Adjustments Amortization Period Value $0.00 * Year to date information is calculated on a calendar year basis. Portfolio Activity Detail - U S Dollar INFLOWS & OUTFLOWS Settlement Date 7/1 Type Interest Income Description DEPOSIT SWEEP INTEREST FOR JUNE @ .09% RATE ON NET AVG COLLECTED BALANCE OF $21,839.36 AS OF 07/01/09 7/7 Free Delivery PFIZER INC J.P. MORGAN SECURITIES INC. TRADE DATE 07/07/09 AS OF 07/07/09 7/9 7/29 Domestic Dividend/Distribution Spot FX CURRENCY SHARES EURO TRUST SPOT CURRENCY TRANSACTION - BUY @ 0.00217 PER SHARE 53,191.480 BUY NZD SELL USD EXCHANGE RATE .658000000 DEAL 07/27/09 VALUE 07/29/09 Total Inflows & Outflows ($34,996.30) Page 17 of 29 (35,000.00) 1,000.000 0.002 2.17 (1,500.000) Quantity Per Unit Amount PRINCIPAL EFTA01568091 Amount 1.53 INCOME Amount Year-To-Date Value* (56.86) ($56.86) EFTA01568092 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 TRADE ACTIVITY Settlement Trade Date 7/30 Date 7/30 Type Settled Sales/Maturities/Redemptions Sale Description JPMORGAN NEW YORK MUNICIPAL MONEY MARKET FUND RESERVE SHARE CLASS FUND 24 @ 1.00 TRADE DATE 07/30/09 Quantity (31,268.660) Per Unit Amount 1.00 Proceeds Tax Cost 31,268.66 (31,268.66) Realized Gain/Loss Trade Date Settlement Date 7/7 Type Description Settled Securities Purchased 7/1 Purchase PROSHARES ULTRSHORT QQQ @ 31.71 7,927.50 BROKERAGE 7/1 7/7 Purchase 12.50 J.P. MORGAN SECURITIES INC. TRADE DATE 07/01/09 PROSHARES ULTRASHORT S&P 500 EFTA01568093 @ 54.52 13,630.00 BROKERAGE Total Settled Securities Purchased 12.50 J.P. MORGAN SECURITIES INC. TRADE DATE 07/01/09 ($21,582.50) 250.000 54.52 (13,642.50) Quantity 250.000 Per Unit Amount 31.71 Market Cost (7,940.00) Page 18 of 29 EFTA01568094 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 Portfolio Activity Summary - AUSTRALIA DOLLAR PRINCIPAL US Dollar Value Current Transactions Beginning Cash Balance INFLOWS Income Foreign Exchange - Inflows Total Inflows TRADE ACTIVITY Total Trade Activity Settled Securities Purchased $0.00 Ending Cash Balance * Year to date information is calculated on a calendar year basis. INCOME US Dollar Value Current Transactions Beginning Cash Balance Ending Cash Balance * Year to date information is calculated on a calendar year basis. Period Value --Year-To-Date Value* --Local Value Current Period Value 0.00 0.00 Year-To-Date Value* ---Period Value -Year-To-Date Value* -$0.00 (1,170.01) 62,949.47 $61,779.46 (61,779.46) ($61,779.46) -Local Value Current Period Value 0.00 EFTA01568095 Year-To-Date Value* -0.00 (1,437.00) 77,314.50 75,877.50 0.00 0.00 (75,877.50) (75,877.50) -Page 19 of 29 EFTA01568096 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 Portfolio Activity Detail - AUSTRALIA DOLLAR No Activity This Period Page 20 of 29 EFTA01568097 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 Portfolio Activity Summary - N Zealand Dollar PRINCIPAL US Dollar Value Current Transactions Income OUTFLOWS Total Outflows Tax Payments TRADE ACTIVITY Settled Sales/Maturities/Redemptions Settled Securities Purchased Total Trade Activity Ending Cash Balance * Year to date information is calculated on a calendar year basis. 60,244.23 (97,036.50) ($36,792.27) -60,244.23 (158,455.10) ($98,210.87) -95,000.00 (151,017.73) (56,017.73) 0.00 95,000.00 (246,388.23) (151,388.23) -Period Value Beginning Cash Balance INFLOWS Foreign Exchange - Inflows Total Inflows -2,108.55 35,000.00 $37,108.55 (316.28) ($316.28) Year-To-Date Value* -310.33 98,216.82 $98,527.15 (316.28) ($316.28) Local Value Current EFTA01568098 Period Value 0.00 3,325.00 53,191.48 56,516.48 (498.75) (498.75) Year-To-Date Value* -532.73 151,354.25 151,886.98 (498.75) (498.75) Page 21 of 29 EFTA01568099 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 Portfolio Activity Summary - N Zealand Dollar INCOME US Dollar Value Current Transactions Beginning Cash Balance Ending Cash Balance * Year to date information is calculated on a calendar year basis. Portfolio Activity Detail - N Zealand Dollar INFLOWS & OUTFLOWS Settlement Date 7/15 Type Foreign Interest Description NEW ZEALAND GOVERNMENT - NZD 7% JUL 15 2009 DTD 07/15/1997 HELD BY EUROCLEAR ISIN:NZGOVD0709R1 SEDOL:6016948 7/15 Foreign Tax Withheld NEW ZEALAND GOVERNMENT - NZD 7% JUL 15 2009 DTD 07/15/1997 HELD BY EUROCLEAR ISIN:NZGOVD0709R1 SEDOL:6016948 TAX WITHHELD NEW ZEALAND 15.00% (498.750) (316.28) (498.75) Quantity 95,000.000 Period Value --Year-To-Date Value* --Local Value Current Period Value 0.00 0.00 Year-To-Date Value* --Per Unit Amount USD EFTA01568100 Local Value 0.022 0.035 PRINCIPAL Amount USD Local Value 2,108.55 3,325.00 INCOME Amount USD Local Value Currency Gain/Loss USD Page 22 of 29 EFTA01568101 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 INFLOWS & OUTFLOWS Per Unit Settlement Date 7/29 Type Spot FX Description SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD EXCHANGE RATE .658000000 DEAL 07/27/09 VALUE 07/29/09 Total Inflows & Outflows TRADE ACTIVITY - N Zealand Dollar S indicates Short Term Realized Gain/Loss Note: Trade Date Settlement Date 7/15 $36,792.27 $0.00 Quantity (35,000.000) Amount USD Local Value PRINCIPAL Amount USD Local Value 35,000.00 53,191.48 INCOME Amount USD Local Value Currency Gain/Loss USD C indicates Currency Gain/Loss Per Unit Type Settled Sales/Maturities/Redemptions 7/15 Redemption Description NEW ZEALAND GOVERNMENT - NZD 7% JUL 15 2009 DTD 07/15/1997 HELD BY EUROCLEAR ISIN:NZGOVD0709R1 SEDOL:6016948 EFTA01568102 TO REDEMPTION Quantity (95,000.000) Amount USD Local Value 64.77 100.00 Proceeds USD Local Value 60,244.23 95,000.00 Tax Cost USD Realized Local Value Gain/Loss USD (61,418.60) (95,370.50) (234.95) S (939.42) C Page 23 of 29 EFTA01568103 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 Per Unit Trade Date Settlement Date 7/30 Type Settled Securities Purchased 7/30 Purchase Description JP MORGAN CHASE BANK - NZD LONDON TIME DEPOSITS 1.8500% DATED 07/30/2009 MATURITY 09/30/2009 HELD BY LONDON TREASURY SERVICES Quantity 151,017.730 Amount USD Local Value 65.275 100.00 Market Cost USD Local Value (97,036.50) (151,017.73) Currency Gain/Loss USD Page 24 of 29 EFTA01568104 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 Portfolio Activity Summary - Pound Sterling PRINCIPAL US Dollar Value Current Transactions Beginning Cash Balance INFLOWS Total Inflows Income OUTFLOWS Total Outflows Tax Payments Ending Cash Balance * Year to date information is calculated on a calendar year basis. INCOME US Dollar Value Current Transactions Beginning Cash Balance Ending Cash Balance * Year to date information is calculated on a calendar year basis. Period Value --Year-To-Date Value* --Local Value Current Period Value 0.00 0.00 Year-To-Date Value* --Period Value -0.26 $0.26 (0.03) ($0.03) -Year-To-Date Value* -6.55 $6.55 (0.67) ($0.67) -Local Value Current Period Value 6.04 EFTA01568105 0.16 0.16 (0.02) (0.02) 6.18 Year-To-Date Value* -4.39 4.39 (0.45) (0.45) -Page 25 of 29 EFTA01568106 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 Portfolio Activity Detail - Pound Sterling INFLOWS & OUTFLOWS Settlement Date 7/9 Type Foreign Dividend Description GLAXOSMITHKLINE PLC HELD BY JPMORGAN CHASE BK LON ISIN GB0009252882/SEDOL 0925288 @ 0.155555 PER SHARE 7/9 Foreign Tax Withheld GLAXOSMITHKLINE PLC HELD BY JPMORGAN CHASE BK LON ISIN GB0009252882/SEDOL 0925288 TAX WITHHELD UNITED KINGDOM 13.00% Total Inflows & Outflows $0.23 $0.00 (0.020) (0.03) (0.02) Quantity 1.000 Per Unit Amount USD Local Value 0.26 0.16 PRINCIPAL Amount USD Local Value 0.26 0.16 INCOME Amount USD Local Value Currency Gain/Loss USD Page 26 of 29 EFTA01568107 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 Settled Foreign Exchange Contracts Currency Trade Date Settle Date Counter Currency Trade Related N ZEALAND DOLLAR U S DOLLAR Jul. 27 09 Jul. 29 09 NZD USD 53,191.48 (35,000.00) 0.658000 0.658000 (35,000.00) 35,000.00 Amount Counter Amount Contract Rate Revaluation Rate Contracted Base Amount USD Revalued Amount USD Currency G/L Page 27 of 29 EFTA01568108 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 In Case of Errors or Questions About Your Electronic Transfers. Contact your J.P. Morgan Team at one of the telephone numbers on the front of this statement or write us at , 1/OPS, Newark,DE19713-2107 as soon as you can, if you think your statement is wrong or if you need more information about a transferon the statement. We must hearfrom you no laterthan 60 days afterwe sent you the FIRSTstatement on which the erroror problem appeared. (1) Tellus yourname and account number. (2) Describe the erroror the transferyou are unsure about, and explain as clearlyas you can why you believeit is in erroror why you needmore information. (3) tell us the dollaramount of the suspected error. Ifyou contact us orally, you must send us yourcomplaint or question in writing within 10 business days in orderto preserveyourrights. We will investigateyour complaint and will correct any errorpromptly. Ifwe take more than 10 business days to do this (20 days for purchases using your debit card or for internationaltransactions),we will credit youraccount for the amount you think is in error, so that you will havethe use ofmoneyduring the time it takes us to complete our investigation. In case of errors or questions about your statement, including your line of credit. Ifyou think that your statement is incorrect or if you need more information about a transaction on your statement including a line of credit transaction, you must write to us on a separatesheet describing the errorand send it to: J.P. Morgan's Private Bank, , 1/OPS3, Newark,DE19713-2107. We must hearfrom you no laterthan 60 days afterthe statement on which the erroror problem appearedis sent. You can contact yourclient servicespecialistbut doing so will not preserveyour rights. Pleasereviewyouraccount statement and promptly report anyinaccuracyor discrepancyincluding possible unauthorizedtrading activity, unrecordeddividendpayments, and unaccountedcash positions in writing. Any oral communication should be re-confirmedin writing to furtherprotect yourrights, including yourrights underthe Securities InvestorProtection Act (SIPA). Ifyou haveanyquestions pleasecontact ourJPMSI Account Representativeor JPMSI ComplianceDepartmentat In your letter, please provide the following information: (1) your name and account number; (2) the dollaramount of the suspected error; and (3) a description of the errorand explanation, if you can, why you believethere is an error. Ifyou need more information, you must describe the item you are unsure about. Important Information about Pricing and Valuations Certain assets including but not limited to, pooled private investments, non - publicly traded and infrequently traded securities, derivatives, partnership interests and tangible assets are generally illiquid, the value of which may have been providedto us by third parties who maynot be independent of the issueror manager. Such information is reflectedas ofthe last date providedto us, and is not independently verified. Prices, some ofwhich are providedby pricing servicesor othersources which we EFTA01568109 deem reliable,are not guaranteedfor accuracyor as realizablevalues. Market value information (including without limitation, prices, exchange rates, accrued income and bond ratings) furnished herein has been obtained from sources that the Bank believesto be reliableand is furnished for the exclusiveuse of the client. The Bank makes no representation,warrantyor guarantee,expressor implied, that anyquoted valuerepresentsthe actual terms at which transactions or securities could be bought or sold or new transactions could be enteredinto, or the actual terms on which existing transactions or securities could be liquidated. The current price is the valueofthe financialasset share, unit or contract as priced at the close of the marketon the last dayofthe statement periodor the last availableprice. All valuesprovidedfor structured yielddeposits (forexample,JPMorgan London Time Deposits) reflectthe originaldeposit amount only. The current valuefor RealEstate, Minerallnterestsand MiscellaneousAssets maynot reflectthe most current valueof the asset. Valuations of over-the-counterderivativetransactions, including certain derivatives-relateddeposit products, have been preparedon a mid -market basis. These valuations are indicative values as of the close of business of the date of this statement and, except as otherwise agreedin writing, these valuationsdo not representthe actual terms at which transactions or securities could be bought or sold or new transactions could be enteredinto, or the actual terms on which existing transactions or securities could be liquidatedas of the date of this statement. We do not warrant their completeness or accuracy. These valuationsare derivedfrom proprietarymodels basedupon well- recognizedfinancialprinciples and we have, when necessaryto calculate the present valueof future cash flows, made reasonable estimates about relevantfuture market conditions. Valuationsbased on other models or differentassumptions may yield differentresults. J.P. Morgan expresslydisclaims any responsibilityfor (1) the accuracyof the models or estimates used in deriving the valuations, (2) any errors or omissions in computing or disseminating the valuations, and (3)anyuses to which the valuationsare put. Valuations are providedfor information purposes only and are intendedsolelyfor yourown use. Pleasereferto the trade confirmation for details ofeach transaction. At yourrequest, assets maybe reflectedhereineven though they are held by a third party unaffiliatedwith J.P. Morgan. In such case, unless J.P. Morgan otherwise agrees, J.P. Morgan has no responsibilityfor the verification,valuation, safekeepingor managementof those assets. Pleasereviewyourstatement promptly and report anydiscrepanciesimmediatelyto an account officerwhose name appearson the contact page of this statement. The JPMorgan Funds or The JPMorgan Institutional Funds or The American Century Funds Shares of the funds are not bank deposits and are not guaranteedby any bank, governmententity, or the FDIC. Return and share price will fluctuate and redemption valuemay be more or less than original cost. While the money marketfunds seekto maintain a stable net asset valueof$1.00 pershare, there is no assurancethat they will continue to EFTA01568110 do so. The estimatedannualincome and dividendyieldfigures for mutual funds representthe funds' most recentincome dividendannualized. The distributor of the JPMorgan Funds is JPMorgan Distribution Services, 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 services. American Century InvestmentServices, Inc. is the distributor of the AmericanCenturyFunds. AmericanCenturylnvestmentManagementlnc. servesas investment advisorto its respectivefund familyand receivescompensation from that fund familyfor providing investment advisoryand other services. Page 28 of 29 EFTA01568111 GHISLAINE MAXWELL ACCT. For the Period 7/1/09 to 7/31/09 Important Information RegardingAuction Rate Securities (ARS). ARS are debt or preferredsecurities with an interest or dividend rate reset periodicallyin an auction. Although there may be daily, weeklyand monthly resets, there is no guaranteethat there will be liquidity. If there are not enough bids at an auction to redeemthe securities availablefor sale, the result maybe a failedauction. In a failedauction, there is no assurancethat a secondarymarket will developor that the security will trade at paror anyother price reflectedon statements. Accordingly, investors should not relyon pricing information appearingin theirstatements with respect to ARS. JPMSI is the custodian of listed options purchasedthrough JPMSI. You must promptly adviseJPMSI ofmaterialchanges in yourinvestment objectivesor financialsituation. Unless you inform JPMSI otherwise, JPMSI will considerthe information currentlyin its files to be complete and accurate. You should have receivedseparateJPMSI confirmations for each securities transaction. All transactions are subject to the terms and conditions stated on the reverseside of such confirmations and are subject to the constitution, by-laws, customs and interpretationsof the marketplacewhere executedand governedby and construed in accordance with the laws of the State of New Yorkand all applicablefederallaws and regulations. Furtherinformation with respect to commissions and other charges relatedto the execution of transactions, including options transactions, has been included in confirmations that were previouslyfurnishedto you. Upon written request, JPMSI will promptly supply you with the latest such information. Shareholdersof certain JPMorgan Funds are chargeda redemption fee equalto 2% of the proceeds if they exchangeor redeemshares of such funds within 60 days of purchase, subject to certain exceptions set forth in the prospectus of the applicableFund. Please consult yourJ.P. Morgan representativefora list of the JPMorgan Funds that impose redemption fees. JPMSI is a memberof the Securities InvestorProtection Corporation ("SIPC"),a not-for-profit membership corporation funded by broker-dealers registeredwith the Securities and ExchangeCommission. Securities and cash held for a customer at JPMSI are protected by SIPC up to $500,000 per customer, which includes up to $100,000 of protection for cash. SIPC does not protect against losses from fluctuations in the value of the securities. Assets held in custody by JPMorgan Chase Bank, N.A. (the "Bank")are not subject to SIPC. Youmay obtain information about SIPC, including the SIPCBrochure, on theirwebsite, at "www.sipc.org" or by contacting them at To the extent applicable,pleasereadthe following disclosures regardingestimated annualincome (EAI)and estimated yield (EY):EAland EYfor certain types of securities could include a return of principalor capital gains in which case the EAland EYwould be overstated. EAI and EYare estimates and the actual income and yieldmight be loweror higherthan the estimatedamounts. EYreflects only the income generatedby an investment. It does not reflectchanges in its price, which mayfluctuate. EFTA01568112 J.P. Morgan Securities Inc., JPMorgan Chase Bank, N.A. or their affiliates (the "J.P. Morgan Companies")may provide administrative, custodial, sales, distribution or shareholderservices to JPMorgan Funds, American Century Funds, or funds established, sponsored, advised, or managedby third parties, and the J.P. Morgan Companiesmaybe compensatedfor such services. Bank products and services are offered through JPMorgan Chase Bank, N.A. and its affiliates. Securities are offered by J.P. Morgan Securities Inc. Page 29 of 29 EFTA01568113 THIS PAGE INTENTIONALLY LEFT BLANK EFTA01568114