EFTA01529102.pdf

12 JPMorgan Chase Bank, N.A. 2004 Account Number: JEFFREY EPSTEIN 345 Park Avenue, New York, NY 10154-1002 Confidential Page 1 of 5 Asset Account Portfolio December 1 - December 31, 2004 Important statement about your banking relationship: Earlier this year, Bank One merged into JPMorgan Chase & Co. Now we have merged our principal subsidiary banks, JPMorgan Chase Bank, Bank One, N.A. (Chicago, Illinois) and Bank One, N.A. (Columbus, Ohio), under a single national bank charter under the supervision of the Office of the Comptroller of the Currency. The lead bank is called JPMorgan Chase Bank, N.A. Some clients may be affected by the following change: Effective November 13, 2004, all funds you had on deposit at JPMorgan Chase Bank, Bank One, N.A. (Chicago, Illinois) and Bank One, N.A. (Columbus, Ohio) became deposits at JPMorgan Chase Bank, N.A. If you have accounts at more than one of these banks, your accounts will be aggregated for the purposes of FDIC insurance coverage and be subject to the $100,000 maximum coverage allowed by law. If you order checks from private vendors, please be sure on your next reorder to use the JPMorgan Chase Bank, N.A. name. Best wishes for a happy holiday season. 000000.0000.00.0000.000.000000000.000000 EPSTEIN INTERESTS ATTN: HARRY BELLER 457 MADISON AVENUE 4TH FLOOR NEW YORK NY 10022 Table of Contents Portfolio Summary Cash and Short Term Account Transactions Account Officers D'ORAZIO/HORNAK Page 2 3 4 EFTA01529102 12 JPMorgan Chase Bank, N.A. 2004 Account Number: JEFFREY EPSTEIN 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio December 01, 2004 - December 31, 2004 Page 2 of 5 Overview Current Portfolio Summary Except for the Deposit Account (if elected), and the cash in your Asset Account, which are insured deposits with JPMorgan Chase Bank, N.A. ("JPMCB") or Chase Manhattan Bank USA, N.A. ("CHASE USA"), none of the investments referred to in this statement of your Asset Account, including mutual funds, are FDIC insured or bank deposits, obligations of or guaranteed by JPMCB or CHASE USA or any of their bank or thrift affiliates (unless otherwise indicated). Such securities and other investments are subject to investment risks, including possible loss of the principal amount invested. See "Important Information about your JPMSI Brokerage Account" at the end of this Asset Account Portfolio. Asset Allocation 100% Cash and Short Term Cash s Short Term Total Accrued Income Total Portfolio Value Market Value USD Dec 31 50,654.68 50,654.68 63.74 50,718.42 Prior Period Market Value USD Nov 30 50,594.18 50,594.18 60.50 50,654.68 Tax Cost USD 50,654.68 50,654.68 Estimated Annual Income USD 876.32 876.32 Yield 1.7 1.7 Income Summary U.S. Tax Exempt Dividends This Period USD Total 60.50 60.50 Year to Date USD* 570.98 570.98 EFTA01529103 12 JPMorgan Chase Bank, N.A. 2004 Account Number: JEFFREY EPSTEIN 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio December 01, 2004 - December 31, 2004 Page 3 of 5 Cash and Short Term Summary by Maturity Current Market Value USD Cash Total 50,654.68 50,654.68 Estimated Annual Income USD 876.32 876.32 Current yield is displayed for instruments with no maturity and YTM on market is displayed for instruments that mature. Cash and Short Term by Type Description Unit Cost Adjusted Cusip/S&P/Moody's Rating Currency Quantity Original Market Price Tax Cost Adjusted Original Current Market Value USD Accrued Interest USD Unrealized Gain/Loss USD Estimated Current Annual Yield/ Income USD YTM % Cash JP MORGAN INSTITUTIONAL TAX FREE MONEY MARKET SWEEP FUND (840) (SWEEP DEADLINE IS 11:30 AM EST) Important Information about Pricing and Valuations Prices, some of which are provided by pricing services or other sources which we deem reli able, are not guaranteed for accuracy or as realizable values. USD 50,654.68 1.00 1.00 50,654.68 50,654.68 63.74 876.32 1.73 EFTA01529104 12 JPMorgan Chase Bank, N.A. 2004 Account Number: JEFFREY EPSTEIN 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio December 01, 2004 - December 31, 2004 Page 4 of 5 Account Transactions Cash Activity Summary Amount this Period USD Beginning Balance Credits Debits Dividends Sweep Account Purchases Ending Balance *Year to date information is calculated on a calendar year basis. .00 60.50 - 60.50 .00 570.98 - 570.98 Amount Year to Date USD* Activity by Date Type Settlement Date Dec 1 Dividend Quantity Description JP MORGAN INSTITUTIONAL TAX FREE MONEY MARKET SWEEP FUND (840) (SWEEP DEADLINE IS 11:30 AM EST) Dec 1 Purchase 60.50 JP MORGAN INSTITUTIONAL TAX FREE MONEY MARKET SWEEP FUND (840) (SWEEP DEADLINE IS 11:30 AM EST) - 60.50 Amount USD 60.50 EFTA01529105 12 JPMorgan Chase Bank, N.A. 2004 Account Number: JEFFREY EPSTEIN 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio December 01, 2004 - December 31, 2004 Page 5 of 5 In Case of Errors or Questions About Your Electronic Transfers. Contact yourMorgan Teamat one ofthe telephonenumbers on the front of this statement or wri to us at 500 Stanton ChristianaRoad, 1/OPS, Newark,DE19713-2107 as soon as you can, if you think yourstatement is wrong or if you needmore information about a transfer on the statement. We must hearfrom you no laterthan 60 days afterwe sent you the FIRSTstat ement on which the erroror problem appeared. (1) Tellus yourname and account number. (2) D escribethe erroror the transferyou are unsure about, and explainas clearly as you can why you believe it is in erroror why you need more information. (3) tell us the do Ilaramount of the suspected error. Ifyou contact us orally, you must send us your complain t or question in writing within 10 business days in order to preserveyour rights. We will investigateyourcomplaint and will correct any errorpromptly. Ifwe take more than 10 busine ss days to do this (20 days for purchases using yourdebit card or for internationaltransac tions),we will credit youraccount for the amount you think is in error, so that you will h ave the 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. If you think that your statement is incorrect or if you need more information about a tran saction on your statement including a line of credit transaction, you must write to us on a separate sheet describing the error and send it to: JPMorgan, Private Bank, 500 Stanton Christiana Road, 1/OPS3, Newark, DE 19713-2107. We must hear fro m you no later than 60 days after the statement on which the error or problem appeared is sent. You can contact your client service specialist but doing so will not preserve your rights. In your letter, please provide the following information: (1) your name and account number ; (2) the dollar amount of the suspected error; and (3) a description of the error and exp lanation, if you can, why you believe there is an error. If you need more information, you must describe the item you are unsure about. 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, governmentent ity, 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 do so. The es timatedannualincome and dividendyieldfigures for mutual funds representthe funds' most rec entincome dividendannualized. J.P. Morgan Funds Distributor, Inc. is the distributor of the JPMorgan Funds and American CenturylnvestmentServices, Inc. is the distributor of the American CenturyFunds. J.P. Morg an InvestmentManagementInc. and American CenturylnvestmentManagement Inc. serveas investment advisors to theirrespectivefund familiesand receivecompensation from th eirrespectivefund families for providing investment advisoryand other services. If you have chosen one of the sweep mutual funds, you are notified that positions in the P rime Money Market Sweep Fund represent holdings in the JPMorgan Prime Money Market Fund; p ositions in the FederalMoney Market Sweep Fund represent holdings in the JPMorgan FederalMoneyMarketFund; and positions in the TaxExemptMoneyMarketSweep Fund repre sentholdings in the JPMorgan TaxExemptMoneyMarketFund. JPMSI is the custodian of listed options and most mutual funds, including third partymutua 1 funds, purchasedthrough JPMSI. JPMSI is a memberof the Securities InvestorProtection Corporation ("SIPC"),a not-for-profi t membership corporation funded by broker-dealersregisteredwith the Securitiesand Exchange Commission. Securitiesand cash held for a customer account at JPMSI are protected up to the total net equity ofeach account.. The first 8500,000 of protection, which includ es up to $100,000 of protection for cash, is providedby SIPC. As ofMarch 2004, the balance of the protection is providedby a separateExcessSlPC SuretyBond issued by Customer Asset Protection Company. SIPCand excessSlPCprotection do not protect against losses from fluctuations in the valueof the securities. Assets held in custody by JPMorgan Chase Bank, N.A. (the "Bank")are not subject to SIPCor excess SIPCprotection. J.P. Morgan Securities Inc., JPMorgan Chase Bank, N.A. or their affiliates(the "Morgan Com panies")mayprovide administrative,custodial, sales, distribution or shareholderservicesto JPMorgan Funds, AmericanCenturyFunds, or funds established, sponsored, advised, or managedby third parties, and the Morgan Companiesmaybe compensatedfor such services. JPMorgan Private Bank is the marketing name for the private banking business conducted by J.P.Morgan Chase & Co. through its subsidiaries worldwide, including JPMorgan Chase Bank, N.A., J.P. Morgan Trust Company, N.A. and J.P. Morgan Securities Inc. EFTA01529106