EFTA01512231.pdf

JPMorgan 0 Private Bank FINANCIAL TRUST COMPANY, INC. Account Number: O 78805-00-1 November 01, 2007 - November 30, 2007 JP Magee Sea:Totes Inc JPMagen Chasegenk NA a the, a/Metespc. Mogan Cothoenealmayptovaleedmoustrahre custodhs sake MO enexn a sharehadhstevoces to JPMorgan Funds. Amer/can CenturyFunds a fads calabash& sponsored &Nate( a managedby Med paths end Me Mown Companies may boompansased by such mmo& enwanation Of JPICIRalgtgs: JPMagen uses the NaNung 'sing system Overweight: Paw the, nets& to hvelvemontlm we expect this steal( wiI outperform Me average total return of the stocks in Me shays?", (a the an.*sra teema) coverage unease Nowak eve. me hart sag loaner* means we meat This sere wrnpalam M one web The *vane Iota Mean et Me saxes .a ate eneysts (a the analyst's leamN &verve Genets* uneenveigN: Over the net s& lo hveke months we expect this stock me undemperfam Me average NMI mean of the Naas .n Ms weals (a the analyst} fearrts)caretage inverse Independent Research Ratings: JPMSI does not codas* a CatinniSeadop: the InciseendentResearchPmatt resevm rasa 'en?: Cdteterdirrn: use a wanetycl tangs term as atlas differentatngs sysbnu to deSaibe thee tecornmenciations we: a iculitotaaNNa systems' describe:lobo* naPs may use addluvenf reaps system such as as an labso/ufe-wthal system and use sect terms as 'buy" Mad' tfer Save 1 etstveand labaauleralmas syskenS se iltexikenendeVeydffeenf you shOu‘i, eed teendily derWOLS or se ratan used m the JPMSI end 'RPfoiltiven that a OO149 in Hie nisowchitse11 Fa Ins , e0s,a, and acre the heetech chetahs Me bests la The reales as 0.0 as complete inkanaeon concetang Ih1 anaysts aews you Moue reed caomoy the mateech and no; ,rikr ds cco&n!s horn the retvg Mare JPVcroan Awede Ilard‘ s the Miff isetingi name fa the tamale Mang bus nest conducted by J P Morgan Chase & Co :Nage, is StsbinhateS nodded* notand JPIAcrgan Chase Rank NA.. J P Mown Toot Company NA and .0 P Woven &scathes Inc Page 10 of 14 Confidential Treatment Requested by JPMorgan JPM-SDNY-00038078 Chase CONFIDENTIAL SDNY_GM_00307276 EFTA01512231