EFTA01512486.pdf

J.PMorgan FINANCIAL TRUST COMPANY, INC. ACCT. For the Period 1/1/09 to 1/31/09 Tbc JPAtorpen FØ or The 'Fleerden InUttutional Funds or Tls• Amen'can Century Funds Shaw:adille funds are not bank deposes aal are not puaraMeedbyany bank pouctorrent«Way or Oe FOIC Return and shampoo° wal ktreuafe ene redempben vee»way be zweem iess then copnalcost 141mb th* money motet funds soek to ~Man a stedb net aaaetvaaedflWpwsharemereanOauuranCemamybWCenhaseto00m Thettstenetedennuatoarne ene dralend wek:treken to• ~lust knal Noenen!~ funds' mON Meent stCOme doelendennuatee The deattkder of the 'Mrt..., Funds a JPIecepan Dearbubon Smoes Inc wItch a en Maa% d 'Pik:span Chase Bank NA JPMorgan Chase Bank NA and ds agaat.»recette campensatron lont JP.Mmgen Funds for peen:log ~vrees Mensa° CenMy InwastrwaraSences.Inc a Me erseibtaor ot lno ArnencenCenbay Funds ~con Centuy IrsastmenIManeparnonlIne serves as tnmstmen demo' to as rempecbsetune larnetardrecettasccmpensatron kooi:hot rune tamtN fa movkloporastmant aevadyand oFter ~eed Important InfeerrattonRatarcMgAuebon Rato Seetnhes (ARS) ARS we deb. or beefden:d toemeten rath an oterest cr ~deedrato rose(parrodcateyrn an euction MlwnpnmperryyEedadyweeAyØngnmyresels Motors no guteenteethet merewet Apenday theewant wØØ a an dubben to redeem!he secuntes~Neb sale !heraadmay tree %Meauchdt Ina (tube %cedel hete e no assmancettrat a seccodmyrorket we ~noopte thee th* secvnty we aule al po u at:y0de gnoe redectedon atalernants Aar:renet" oe* should na relyon pwcog okernatron aaneen";in thee statements web respect to ARS JPMS1d CustedOn M ed Ophad purChesedttwOuph JPIAS1 Youmust protsplly aderseJFUSIof tnatertalchanpes in >cm totestment~casesos bnencalethaan UnbUkou^IumJPMStaBenvae.ØMSIwAØtlwmenhneboncurenkymbhbsbbe complete and acosate You&houd heverecewedseperate"Clconfirrnehons tor welt sec:mees eenst-bon MbansadwawasufryacTbmebmsm0conlØstateonMereresesdedsurtetorneboswdwasuapCbmeØsbNtwr byeaws customs ene otterpretatons of the onatketplikatorttere theCutedand paremed by eed COnflued o eCcordarrar we Be lavo Of me SleedNew teak and aa apploCetaderallam and rodelden, Foie«internaten min mina to connosons and °Morenen»: rebben10 !he erecutron ot tranoscbons ~op °Mons transecbooe hes boen tnduchal in corannebons Oer wareprosoustfitantslwel to you Upon boden spa« JPUSI pronellysuppineu ne, the lakul such onecon~ Shalvlsoldenot ~eo JPINsgan Funds ene&meeda redemptronfoo*joolto 2% ot me proonds day exchsserecc sedeamshanoa etoch funest wenst CO ckno a ananas* suthect to teflonexcephone set Sth o pre prospectus or the apptcate:rune ~se consult your I P Magen representabvelot a tot of me JPMagan Funds mat "pace rederranon kas JANS/ts • ~btw ot me Secentes InveslorRotemon Caporatco (SIPC"). • narkerpna4 memeasho ontrattenhodod by dokt-clean regestenalvnth Me Secundo and EschangoComnasson Socuroes and cash held %monotone at JAMS! am pi:MMO by SIPC up lo $920.000 ~waarna ~A ~take up to 710p,(Ø ce proleffico kt cash SIPC does not profeet genst bases kon: eetohms n the Moed Ure accudes. Mali hola in cutrocry byJPIforgan Cheeta Bank N A (the tank') are not subtact to S/PC. Yourney0e410 inIonsabon *bout SIM marend Lno SIPC®otteark an mor ketst» at %wis spa ap' cc br COntudne Wen? et (200371-BØ TO me esboarpOrSON. pletteere d the kdkovsg asebsures vegedogBat~ anaal/tata* (EAhand Ottemeted yeti (EY)EAleedDia Oblaat types Of ded.obta couk2 unducte a reken Ot poepte«Cepaelgtow o ahob Case me EAr and E Y nouse be Wasbed EN andETatto esMotet and th.octual ocosne ene weelment be lamp or lightv enen Oe ostmeted amounts EYnMdspyllancwnppenwaNdyanrmeament Items not rellectchenges en as pnce. resch nov &schot* J P Menjan &Teven Int. JPMergan Close Bank N A o oor afrikaan gas tr P Morgan Coomarkragmy escudo admrnetrabot cuakcbat sales, aanboren or shawshokleeservom b JPIANgto Funds Amman Centwy Fund. Ce runde entioNshed sponsor«. adosee or menageer by avd partes and the JP Morgan Conganes array to compansated sater ~cas Explenation ot JPOISIRatlnpet J P Moven uses the Icktmtng meng sysiom Ovanverper: Over me nets to Noem ~Vit n fond 11.4 stock wel ourportorm me nage lat maan ot me Node in ter anaasrs(G' me atorysn ~m's) ong. unwesse Neutra?: Ome the neut ser Io have menen; we aspact flus steek wNparbm n kne withete nar total reken of the stocks:ne» ent:Dryste (ce me ene:aalt teamb)coyerage onweer Undenveignt: Ot« MO tenl anc to Motie mOn1h3. we expea the stook oma uoderpedam the ~we Mia Muur ca Oe Maas n the snaken (cs the .Myst'' inmat Coverege uneene Independent Research Renopa: JPIAS1does not tandde.° olhentoeadopI Ne fraleperdevaResarcaPnondeeresserdiandta aanga ~term: ose a story&marc, kern, as wei as 'rave!(Moes systems to cleaaite Vue recanneedstere 'PUS! Lees a -WestNe'rancr» systen, es descneod•Oove IRPs may ese a delarentratings system och as as an %twoluatt'taboes system eed osv stro% ~ns as boy' 7,o1S. a 'ser Soc. Telaborand 'attsdlute'rabods systen we ruwde twatahreekvent you ShOud reed ceterkey the eterhans ot ad rahags used tn tee 'PMS, and IRPresearch!het ss trckded in the researchMae Fil Ma rearson and smile be research contams the base fa me sarongs es wee as complete Woonsten concern"; the ana tars views you Meel:1r~ arelogr Me researchaal not atter 44 COntents trom !he reine ek'ne Bona product: and serveer we ortered Vaan» JPSAmpan these Bank. NA and es "Wed ~dies ans ontval by J P Morgen Secvntes Inc Account Page 13 of 13 Page 14 of 20 Confidential Treatment Requested by JPMorgan JPM-SDNY-00038333 Chase CONFIDENTIAL SDNY_GM_00307531 EFTA01512486