EFTA01509110.pdf

J.P.Morgan FINANCIAL TRUST COMPANY INC ACCT. 030171005 For the Period 12/1108 to 12BUI)8 The JIWIJorgan Fonds or The JPMorgan Mstttufronal Funds or The AmerIcan Century Fumla Snares cl ate lunds ere not benk depossts ens are nol "veranteedby Gny benk ricsavnryontenmy Mo FOIC Retten and slure paye me hinka and redempbon venterace be mare a tess Men °opentnose Vørsle the moare merket hands serk to menben a metra net unt vetoa of Sl 00 par sharia Mene is no ariarenoertNal they arer contras.» do *e The estnnelethinnuat~cess and cleadend yerI hesenIce ~Me/ luna ~enn!~ lunds' m0of ~mima". "adan annua:od The doletbuftry of ÉI* JPMotrarn Fonds a JPIAceoen Onntsubon Serrces Inc. wherti is en allimb c/ JPSIapoo Chese Book NA JPIAaven Cha» tunn NA. and ds enheter nrcene compensetton lom J.0.14cegen Funds b peovahng seevces Amencon CenMy Inne:heren:Sereces Inc a the 0ntnbisl0r of tris Amoncan tennere Fonds ~con GenaneInentmenIMen•peenonlInc 1~Sn as innisfledannan' b tiS ralpetbselund lamsyard rece4esorponsaton non> nun rund tilm.y ssowdnd nyss'man! advdoryond otnot 30,V~ Important Infeetr•nonRagarchngAuction Rate &Kunnes (ARS) ARS sn dett oe peeforredsonaren onn an inferens+ din!~ rate roserpenodcayin an (ombot, MluupnMaerroyEeaaeyweeANØmoahynesets Inn d no garantarin« ølsal ahno»halte II Mrs &mod onough Polo sa an aocfron b redeanNo socuntto~blek/ solo are resonnere berr /Sed~Ion Ina huke&Kroa Parets no assuhnce Val e secondwyrrowket ara cleyetop ot the( the secvnty nor trade st or cr, stry otre pysa> rearectedon alitlenetris Accorderre nessnadd na tøya, pica, erfarne:~ app•anngsn tinnstaiementS nnn respent to ARS JP4451• the costorben Aelednotane purChasectle00ph JPIASI Youmua ~ly schtseJPISSIof tnatenelchansses yotynnestment ahocaves ot Mener,staben Une, sott inteem JPf431cehenatse JPMSI etal wocley takensrbonunntaan 42 Nes to te comparte and ~ote Youshoutl heteerecerwdseparaleJINISIconfernabons Vor oden seambes Vansecnon AV aansetcbons are sobre, lo the bru end condlyons sabbe on the nenraresole of wen carkerbroons and mo sverter, to Me con:Stuten by-bas austom: end arssapeeretons of the reekeepiniwthee exeCutedend 9>arened ny end <au& n accerdenco tM MM Inga d the Stedent New Yak end eit eippkaakr/MiemOswo and rerhehlons Furtne~maten min mopeci to commot.ons and oteren nnardesteRnedIn Me eiend/on trantacteat ~ev~ ttantS hos Doen«h/dorm confrmosons Inst woropnwoos4tnonod to rott UpmwveMnraptestJPslSIwdpØsØdovwahMsbkestsuennØ. Shansholientof~am JP11Fund. et•Chan,000 nalempthn feernu& lo 2% ot the prossrals !ny exchanged recleemSei 01Sua. fonda satan CO Syr of preob•s• auteecs to ~unn exottptions set foler in the pasapochts ot the appaconetaond Frestsecsonsua yorr JP. Margen representer-Klo • ler cl the JP41Fads teet "Done tectempooneees JPYSIa • renber of tbe Secwas invoolorRolocton Caponkon CSIPC"), • not-kg-vont tnembashro oxycestron lontlort by froke-clisairss inntas:4~ the Secuntes and Exchenc•Comnowon Se:~ and cash hekt lo e ~torner at!Pif& n proton*: by SlpCopbØ,9Wpnewbnw.labenerAdeeuplo7100,900dpotsadnbrceh Utedoen not pn:SeCt ~Ml kona floCtvetaren in Vie blaut& the secotass Auet, held in utstede by Jfflorsurn GenusBank NA (The tetnA)treenot sutsect b &PC. YoumayONOr inIceWiatI0n fl o& SJPC. ~amp tlJe SIPCOmchunt or Vsa trebit». at Nhvw sex Wc , by COM.CANIMan , al (204 3714X° JP Magen SecutesInc . 'Piken»°taseBek NA a Inn*ffAsk."nø 7dcoyan Conpaea7maypovdsadnwueahM.asbdW tad daMatona shmenostee~vante JPIA:røsnFonds AmautenCenturyFonds a lands eolobroned spcasorod. «hot« cr rnsnagedby Med part« and the Mayen Canon« nray be compens• • dlor sud; 'enrom J P groen "Va» Bank a II»makeong neme kv ter• ornata oanisno danen conekcIed ty J P Magien enes, 4 Co ~uh as staahlayao ~Vade ercks,n, JPIAregirn Glan Bank NA and JP Mergen ~bos Inc Account 030171005 Page 12 of 12 Page 13 of 18 Confidential Treatment Requested by JPMorgan JPM-SDNY-00034532 Chase CONFIDENTIAL SDNY_GM_00303730 EFTA01509110