EFTA01555642.pdf

For the Period 9/1/09 to 9/30/09 0000004686.00.0.21.00001.FINAN18.20091002 FINANCIAL TRUST COMPANY INC ATTN: JEFFREY E EPSTEIN C/O AMERICAN YACHT HARBOR 6100 RED HOOK, QUARTERS #B3 ST THOMAS 00802 VIRGIN ISLANDS, U.S. Consolidated Summary Account Number Investment Account(s) FINANCIAL TRUST COMPANY INC FINANCIAL TRUST COMPANY INC Total Value Q30171005 161121381, Beginning Net Market Value 139,468,943.89 0.00 $139,468,943.89 Ending Net Market Value 136,084,430.90 0.00 $136,084,430.90 This consolidated summary is provided for informational purposes and includes assets at different entities. (1) Assets held at JPMorgan Chase Bank, N.A., member Federal Deposit Insurance Corporation ("FDIC"). The Asset Account Statement reflects brokerage transactions executed through J.P. Morgan Securities, Inc. ("JPMSI"), see "Portfolio Activity Detail". Equity securities and listed options transactions are cleared through JPMorgan Clearing Corporation ("JPMCC"), a wholly owned subsidiary of JPMSI. Fixed income security transactions are cleared through JPMSI. Please see "Additional Information About Your Accounts" at the end of the Asset Account Statement. (2) Assets held in Margin Account at JPMCC, member Financial Regulatory Authority ("FINRA") and Securities Insurance Protection Corporation ("SIPC"). The Margin Account Statement reflects brokerage transactions executed by JPMSI, see "Portfolio Activity Detail". Such transactions are cleared and carried through JPMCC. Page 1 of 19 Change In Value (3,384,512.99) 0.00 ($3,384,512.99) Start on Page EFTA01555642 2 15 Client News As a reminder, your available cash balance for withdrawal may be reduced if you are using the assets in your account as collateral for a loan or line of credit. Also, cash swept into a money market fund will not be available for withdrawal after the sweep deadline. Please contact your client service team for more details. EFTA01555643 THIS PAGE INTENTIONALLY LEFT BLANK EFTA01555644 JPMorgan Chase Bank, N.A. 345 Park Avenue, New York, NY 10154-1002 FINANCIAL TRUST COMPANY INC ACCT. Q30171005 For the Period 9/1/09 to 9/30/09 Asset Account J.P. Morgan Private Bank Team Mary Casey Janet Young William Doherty III Online access Banker Client Service Team Client Service Team www.MorganOnline.com (212) 464-0374 (800) 634-1318 Table of Contents Account Summary Holdings Cash and Short Term Portfolio Activity 4 7 Page 2 Account Q30171005 Page 1 of 13 Page 2 of 19 EFTA01555645 FINANCIAL TRUST COMPANY INC ACCT. 030171005 For the Period 9/1/09 to 9/30/09 Account Summary Asset Allocation Cash & Short Term Market Value Accruals Market Value with Accruals Beginning Ending Market Value 139,439,691.17 $139,439,691.17 29,252.72 $139,468,943.89 Market Value 136,057,943.88 $136,057,943.88 26,487.02 $136,084,430.90 Current Portfolio Activity Beginning Market Value Contributions Withdrawals & Fees Net Contributions/Withdrawals Income & Distributions Change In Investment Value Ending Market Value Accruals Market Value with Accruals (3,411,000.00) ($3,411,000.00) 29,252.72 (0.01) $136,057,943.88 26,487.02 $136,084,430.90 Period Value 139,439,691.17 Change In Value (3,381,747.29) ($3,381,747.29) (2,765.70) ($3,384,512.99) Year-to-Date Value 142,596,823.93 5,259,211.75 (12,670,132.28) EFTA01555646 ($7,410,920.53) 872,040.46 0.02 $136,057,943.88 26,487.02 $136,084,430.90 Estimated 408,173.83 Current Annual Income Allocation 100% 100% Account 030171005 Page 2 of 13 Page 3 of 19 EFTA01555647 FINANCIAL TRUST COMPANY INC ACCT. 030171005 For the Period 9/1/09 to 9/30/09 Account Summary Tax Summary Domestic Dividends/Distributions Interest Income Taxable Income CONTINUED Current Period Value 29,252.72 $29,252.72 Year-to-Date Value 870,856.14 1,184.32 $872,040.46 Unrealized Gain/Loss To-Date Value ($0.05) Account 030171005 Page 3 of 13 Page 4 of 19 EFTA01555648 FINANCIAL TRUST COMPANY INC ACCT. 030171005 For the Period 9/1/09 to 9/30/09 Cash & Short Term Summary Beginning Asset Categories Cash Short Term Total Value Market Value 0.23 139,439,690.94 $139,439,691.17 Ending Market Value 0.22 136,057,943.66 $136,057,943.88 Change In Value (0.01) (3,381,747.28) ($3,381,747.29 ) Current Allocation 1% 99% 100% Cash Asset Categories Short Term Current Market Value/Cost Market Value Tax Cost Unrealized Gain/Loss Estimated Annual Income Accrued Interest Yield Period Value 136,057,943.88 136,057,943.93 (0.05) 408,173.83 26,487.02 0.30% Account 030171005 Page 4 of 13 Page 5 of 19 EFTA01555649 FINANCIAL TRUST COMPANY INC ACCT. Q30171005 For the Period 9/1/09 to 9/30/09 Cash & Short Term Summary SUMMARY BY MATURITY Short Term Less than 3 months SUMMARY BY TYPE Short Term Mutual Funds Market Value 136,057,943.66 % of Bond Portfolio 100% CONTINUED 136,057,943.66 Market Value Cash & Short Term Detail Quantity Cash POUND STERLING 0.14 1.60 0.22 0.27 (0.05) Price Market Value Tax Cost Adjusted Original Estimated Unrealized Gain/Loss Annual Income Accrued Interest Yield Account Q30171005 Page 5 of 13 Page 6 of 19 EFTA01555650 FINANCIAL TRUST COMPANY INC ACCT. Q30171005 For the Period 9/1/09 to 9/30/09 Quantity Short Term JPMORGAN PRIME MONEY MARKET FUND CAPITAL SHARE CLASS FUND 3605 7-Day Annualized Yield: .26% 4812A0-36-7 JPMORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARE CLASS FUND 829 4812A2-60-3 Total Short Term $136,057,943.66 $136,057,943.66 $0.00 $408,173.83 $26,487.02 0.30% N/A 13,688.91 136,057,943.66 1.00 136,057,943.66 136,057,943.66 408,173.83 12,798.11 0.30% Price Market Value Tax Cost Adjusted Original Estimated Unrealized Gain/Loss Annual Income Accrued Interest Yield Account Q30171005 Page 6 of 13 Page 7 of 19 EFTA01555651 FINANCIAL TRUST COMPANY INC ACCT. 030171005 For the Period 9/1/09 to 9/30/09 Portfolio Activity Summary Beginning Cash Balance Transactions Income INFLOWS 29,252.72 Contributions Total Inflows OUTFLOWS Total Outflows Withdrawals 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. 3,411,000.00 (29,252.72) $3,381,747.28 $0.00 11,188,491.55 (4,649,611.48) $6,538,880.07 -$29,252.72 (3,411,000.00) ($3,411,000.00) 872,040.46 5,259,211.75 $6,131,252.21 (12,670,132.28) ($12,670,132.28) Current Period Value 0.00 Year-To-Date Value* -Account 030171005 Page 7 of 13 Page 8 of 19 EFTA01555652 FINANCIAL TRUST COMPANY INC ACCT. Q30171005 For the Period 9/1/09 to 9/30/09 Portfolio Activity Detail INFLOWS & OUTFLOWS Settlement Date 9/1 Type Domestic Dividend/Distribution Description JPMORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARE CLASS FUND 829 FOR AUG @ VARIOUS RATES FROM 0.0005969% TO 0.0007684% 9/1 Misc. Disbursement FUNDS TRANSFERRED FROM ASSET AC# Q30171005 TO DDA AC# 000000739110438 AS REQUESTED 9/2 Misc. Disbursement TRANSFERRED BY WIRE TO FIRSTBANK PUERTO RICO FAO FINANCIAL TRUST COMPANY INC AS REQUESTED 9/15 Misc. Disbursement FUNDS TRANSFERRED FROM ASSET AC# Q30171005 TO DDA AC# 000000739110438 AS REQUESTED 9/18 Non Taxable Exchange JPMORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARE CLASS FUND 829 NON-TXBL CONVERSION A/0 09/18/09 EXCH 1 SHARE FOR 1.000000 OF CUSIP 4812A0367 TRADE DATE 09/18/09 TRADE DATE 09/18/09 (137,413,943.660 ) (1,000,000.00) (55,000.00) (1,000,000.00) Quantity 139,439,690.940 Per Unit Amount Amount EFTA01555653 29,252.72 Account 030171005 Page 8 of 13 Page 9 of 19 EFTA01555654 FINANCIAL TRUST COMPANY INC ACCT. Q30171005 For the Period 9/1/09 to 9/30/09 INFLOWS & OUTFLOWS Settlement Date 9/18 Type Non Taxable Exchange Description JPMORGAN PRIME MONEY MARKET FUND CAPITAL SHARE CLASS FUND 3605 NON-TXBL CONVERSION A/0 09/18/09 EXCH 1 SHARE FOR 1.000000 OF CUSIP 4812A2603 TRADE DATE 09/18/09 TRADE DATE 09/18/09 9/29 Misc. Disbursement FUNDS TRANSFERRED FROM ASSET AC# Q30171005 TO DDA AC# 000000739110438 AS REQUESTED 9/29 Misc. Disbursement TRANSFERRED BY WIRE TO FIRSTBANK PUERTO RICO FAO FINANCIAL TRUST COMPANY INC AS REQUESTED Total Inflows & Outflows ($3,381,747.28) (56,000.00) (1,300,000.00) Quantity 137,413,943.660 Per Unit Amount Amount Account Q30171005 Page 9 of 13 Page 10 of 19 EFTA01555655 FINANCIAL TRUST COMPANY INC ACCT. Q30171005 For the Period 9/1/09 to 9/30/09 TRADE ACTIVITY Settlement Trade Date 9/1 Date 9/1 Type Settled Sales/Maturities/Redemptions Sale Description JPMORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARE CLASS FUND 829 @ 1.00 TRADE DATE 09/01/09 9/2 9/2 Sale JPMORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARE CLASS FUND 829 @ 1.00 TRADE DATE 09/02/09 9/15 9/15 Sale JPMORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARE CLASS FUND 829 @ 1.00 TRADE DATE 09/15/09 9/29 9/29 Sale JPMORGAN PRIME MONEY MARKET FUND CAPITAL SHARE CLASS FUND 3605 @ 1.00 TRADE DATE 09/29/09 9/30 9/30 Sale JPMORGAN PRIME MONEY MARKET FUND CAPITAL SHARE CLASS FUND 3605 @ 1.00 TRADE DATE 09/30/09 Total Settled Sales/Maturities/Redemptions EFTA01555656 $3,411,000.00 ($3,411,000.00) $0.00 (56,000.000) 1.00 56,000.00 (56,000.00) (1,300,000.000 ) 1.00 1,300,000.00 (1,300,000.00) (1,000,000.000 ) 1.00 1,000,000.00 (1,000,000.00) (55,000.000) 1.00 55,000.00 (55,000.00) Quantity (1,000,000.000 ) Per Unit Amount 1.00 Proceeds Tax Cost 1,000,000.00 (1,000,000.00) Realized Gain/Loss Account 030171005 Page 10 of 13 Page 11 of 19 EFTA01555657 FINANCIAL TRUST COMPANY INC ACCT. Q30171005 For the Period 9/1/09 to 9/30/09 Trade Date Settlement Date 9/1 Type Settled Securities Purchased 9/1 Purchase Description JPMORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARE CLASS FUND 829 REINVESTED @ 1.00 PER SHARE Quantity 29,252.720 Per Unit Amount 1.00 Market Cost (29,252.72) Account Q30171005 Page 11 of 13 Page 12 of 19 EFTA01555658 FINANCIAL TRUST COMPANY INC ACCT. 030171005 For the Period 9/1/09 to 9/30/09 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 500 Stanton Christiana Road, 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, 500 Stanton ChristianaRoad, 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 any inaccuracyor discrepancyincluding possible unauthorizedtrading activity, unrecordeddividendpayments, and unaccounted cash positions in writing to both the introducing broker, JPMSI and the clearing firm, JPMCC at the addresses shown on your statement. Any oral communication should be re-confirmed in writing to further protect your rights, including your rights under the Securities InvestorProtection Act (SIPA). If you have any questions please contact your JPMSI Account Representativeor JPMSI ComplianceDepartmentat (212)483-2323. 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. EFTA01555659 Prices, some ofwhich are providedby pricing servicesor othersources which we deem reliable,are not guaranteedfor accuracyor as realizablevalues. Marketvalueinformation (including without limitation, prices, exchangerates, accruedincome and bond ratings) furnishedhereinhas been obtainedfrom sources that J.P. Morgan believesto be reliableand is furnishedfor the exclusiveuse of the client. J.P. Morgan makes no representation,warrantyor guarantee,express or implied, that any quoted value representsthe 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. 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.O8 pershare, there is no assurancethat they will continue to do so. The estimatedannualincome and dividendyieldfigures for mutual funds representthe funds' most recentincome dividendannualized. The distributor ofthe JPMorgan Funds is JPMorgan Distribution Services,Inc., which is an affiliateof the Bank. The Bankand its EFTA01555660 affiliatesreceivecompensation from JPMorgan Funds for providing services. AmericanCenturylnvestmentServices,Inc. is the distributor of the AmericanCenturyFunds. AmericanCenturylnvestmentManagementlnc. servesas investment advisorto its respectivefund familyand receivescompensation from that fund familyfor providing investment advisoryand other services. Account 030171005 Page 12 of 13 Page 13 of 19 EFTA01555661 FINANCIAL TRUST COMPANY INC ACCT. 030171005 For the Period 9/1/09 to 9/30/09 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. You should have receivedseparate confirmations for each securities transaction. All transactions are subject to the terms and conditions stated on the reverse side of such confirmations and are subject to the constitution, by-laws, customs and interpretations of 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, JPMCB or their affiliates(the "J.P. Morgan Companies")may provide administrative, custodial, sales, distribution or shareholderservices to JPMorgan Funds, American CenturyFunds, or funds established, sponsored, advised, or managedby third parties, and the J.P. Morgan Companiesmaybe compensatedfor such services. A financialstatement of this organizationis availableto you for personalinspection at its offices, or a copy will be mailedto you upon written request. Bank products and services are offered through JPMCB and its affiliates. Securities are offered by JPMSI and cleared through JPMCC. Ifa partialcall is made with respect to an issue of securities included in yourAccount we will allocate the call by a method we deem fairand equitable. 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. JPMSI is not a bank and is a separate legal entity from its bank or thrift affiliates, including JPMCB. The securities sold, offered, or recommended by JPMSI: (1) Are not insured by the Federal Deposit Insurance Corporation, or any other governmental agency; (2) Are not deposits or other obligations of JPMSI's bank or thrift EFTA01555662 affiliates (unless otherwise indicated), and are not guaranteed by or the responsibility of any such affiliates (unless explicitly stated otherwise); and (3) Involve investment risks, including possible loss of the principal invested. JPMSI's banking affiliatesmay be lenders to issuers of securities that JPMSI underwrites, in which case proceeds of offerings underwritten by JPMSI may be used for the repaymentof such loans, and you should referto the disclosure documents relating to particular securities for discussion of any such lending relationships. The FederalReserverequires that JPMSI obtain your consent before it can obtain certain information from its bank or thrift affiliates, including their credit evaluationof you. We will assume that your continuing to transact business with JPMSI will constitute yourconsent to the sharing ofsuch information by JPMSI and its bankor thrift affiliates,to the extent permitted by law. DEPOSITS IN FOREIGN BRANCHES ARE NOT INSURED BY THE FDIC, THE FEDERAL RESERVE BOARD OR ANY OTHER GOVERNMENTAL AGENCY; AMOUNTS IN THE TIME DEPOSITS DO NOT HAVE THE BENEFIT OF ANY DOMESTIC PREFERENCE APPLICABLE TO U.S. BANKS. Account 030171005 Page 13 of 13 Page 14 of 19 EFTA01555663 THIS PAGE INTENTIONALLY LEFT BLANK EFTA01555664 J.P. Morgan Securities Inc. 270 Park Avenue, New York, NY 10017 FINANCIAL TRUST COMPANY INC ACCT. 161121381 For the Period 9/1/09 to 9/30/09 Margin Account J.P. Morgan Private Bank Team Mary Casey Janet Young William Doherty III Online access Banker Client Service Team Client Service Team www.MorganOnline.com Transactions cleared and carried through J.P. Morgan Clearing Corp. One Metrotech Center North, Brooklyn, NY 11201-3859, (347) 643-2578 (212) 464-0374 (800) 634-1318 Table of Contents Account Summary Portfolio Activity Page 2 3 Account 161121381 Page 1 of 5 Page 15 of 19 EFTA01555665 FINANCIAL TRUST COMPANY INC ACCT. 161121381 For the Period 9/1/09 to 9/30/09 Account Summary MARGIN Cash Asset Allocation Cash & Short Term Market Value 0.00 Long Market Value 0.00 Short Market Value 0.00 Market Value Annual Income Allocation 0.00 Total Estimated Current Account 161121381 Page 2 of 5 Page 16 of 19 EFTA01555666 FINANCIAL TRUST COMPANY INC ACCT. 161121381 For the Period 9/1/09 to 9/30/09 Portfolio Activity Summary Current Transactions Portfolio Activity Detail Beginning Cash Balance Ending Cash Balance Period Value 0.00 $0.00 Year-To-Date Value --No Activity This Period Account 161121381 Page 3 of 5 Page 17 of 19 EFTA01555667 FINANCIAL TRUST COMPANY INC ACCT. 161121381 For the Period 9/1/09 to 9/30/09 All positions in this Margin Account Portfolio are held in custody at J.P. Morgan Clearing Corp. ("JPMCC"), One Metrotech Center North, Brooklyn, NY 11201-3859, (347) 643-2578. IMPORTANT INFORMATION ABOUT YOUR STATEMENT Contact your client service specialist if you think your statement is incorrect or you require additional information about a transaction on your statement. 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 and JPMCC are members ofthe Securities InvestorProtection Corporation ("SIPC"). Securitiesand cash held fora customer at JPMCC are protectedby SIPCup to $500,000 percustomer, which includes up to $100,000 of protection for cash. SIPCdoes not protect against losses from fluctuations in the valueofthe securities. Assets held in custody by JPMorgan Chase Bank, N.A. ("JPMCB")are not subject to SIPC. Formore information about SIPCCoverage,including the SIPCBrochure, visit www.sipc.org or by calling SIPCat (202) 371-8300. 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. JPMSI, JPMCB or their affiliates(the "J.P. Morgan Companies")may provide administrative, custodial, sales, distribution or shareholderservices to JPMorgan Funds, American CenturyFunds, or funds established, sponsored, advised, or managedby third parties, and the J.P. Morgan Companiesmaybe compensatedfor such services. A financialstatement of this organizationis availableto you for personalinspection at its offices, or a copy will be mailedto you upon written request. IMPORTANT INFORMATION ABOUT YOUR MARGIN ACCOUNT Please review your account statement and promptly report any inaccuracy or discrepancy including possible unauthorized trading activity, unrecorded dividend payments, and unaccounted cash positions in writing to both the introducing broker, JPMSI and the clearing firm, JPMCC at the addresses shown on your statement. Any oral communication should be re-confirmed in writing to further protect your rights, including your rights under the Securities EFTA01555668 Investor Protection Act (SIPA). If you have any questions, please contact your JPMSI Account Representative or JPMSI Compliance Department at (212) 483-2323. Pleasekeep the following in mind when using this statement to track your brokerageactivity: This statement combines your generalmargin account with the specialmemorandum account requiredby Section 220.6 RegulationT. As requiredby RegulationT, a permanent recordofyourseparateaccount is availableupon yourrequest. 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 of which are provided by pricing services or other sources which we deem reliable, are not guaranteed for accuracy or as realizable values Free credit balances in your account are not segregatedand may be used in the operation of JPMCCs business, subject to the limitations of SEC Rule 15c3-3. Unless otherwise noted, JPMCC or its agents and depositories will hold your securities. Upon your demand, JPMCC will payto you the amount ofyourfree credit balance,and will deliverto you fully-paidsecurities held on yourbehalf. Interestwill be chargedon anydebit balance; the method ofcalculating interest is describedin a lettersent to all margin customers. You should have receivedseparate confirmations for each securities transaction. All transactions are subject to the terms and conditions stated on the reverse side of such confirmations and are subject to the constitution, by-laws, customs and interpretations of 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. Bank products and services are offered through JPMCB and its affiliates. Securities are offered by JPMSI and cleared through JPMCC. Ifa partialcall is made with respect to an issue if securities included in yourAccount we will allocatethe call by a method to which we deem equitable. 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. Account 161121381 Page 4 of 5 Page 18 of 19 EFTA01555669 FINANCIAL TRUST COMPANY INC ACCT. 161121381 For the Period 9/1/09 to 9/30/09 JPMSI is not a bank and is a separate legal entity from its bank or thrift affiliates, including JPMCB. The securities sold, offered or recommended by JPMSI: (1) Are not insured by the Federal Deposit Insurance Corporation, or any other governmental agency; (2) Are not deposits or other obligations of JPMSI's bank or thrift affiliates (unless otherwise indicated), and are not guaranteed by or the responsibility of any such affiliates(unless explicitly stated otherwise); and (3) Involve investment risks, including possible loss of the principal invested. JPMSI's banking affiliatesmay be lenders to issuers of securities that JPMSI underwrites, in which case proceeds of offerings underwritten by JPMSI may be used for the repaymentof such loans, and you should referto the disclosure documents relating to particular securities for discussion of any such lending relationships. The FederalReserverequires that JPMSI obtain your consent before it can obtain certain information from its bank or thrift affiliates, including their credit evaluationof you. We will assume that your continuing to transact business with JPMSI will constitute yourconsent to the sharing ofsuch information by JPMSI and its bankor thrift affiliates,to the extent permitted by law. DEPOSITS IN FOREIGN BRANCHES ARE NOT INSURED BY THE FDIC, THE FEDERAL RESERVE BOARD OR ANY OTHER GOVERNMENTAL AGENCY; AMOUNTS IN THE TIME DEPOSITS DO NOT HAVE THE BENEFIT OF ANY DOMESTIC PREFERENCE APPLICABLE TO U.S. BANKS. Account 161121381 Page 5 of 5 Page 19 of 19 EFTA01555670 THIS PAGE INTENTIONALLY LEFT BLANK EFTA01555671