EFTA01507525.pdf

08 2004 JPMorgan Chase Bank 345 Park Avenue. New York. NY 10154-1002 II3 JPMorgan Private Bank Account Number: Asset Account Portfolio Page 45 of 48 FINANCIAL TRUST COMPANY INC August 01, 2004 - August 31, 2004 Man Werra* OrdwiettlatStballyear MIPIMittlt Maar. fl it NM Of CASK If you think that yea skierrtenf £.carat or if you need mare Weentation about a emulate onset statement including a arse or credit Yansachon you must write to us on a sop:vete sheet describing the art and send to JIWAagan Private Bank. 503 Stanton Chrisawse Romk LOPS3.1Vewedk DE 117753•2507. We must haw heel you no Wee than 60 days are the statementon whet, the ma a pritern speared is sent You em *flea your art sauce 'cocas! but doing sow. not preserve wangle. In your leder. please proyidelholoabeirq anformebon (I) your mom and account numbs; (1 the doge emend of the swaged wet end ( )• desaireon of the arra end weemetioal dime can why you Meese ninei s an art If you need nye nkrinstion you Must Santa the itm you we vault, attic The JPMorgan Funds a The JPMorgan InstirertiOnal Funds a The American Century Fonda Slaws d the turd, re not Can* deposits ere we not outranks& by any Dank goveinnenitenbly a It,. FOC Ashen and ewe price wia Rictus* and recision:en vskierrey be mixe a less the, cririatcost litthigs the money market hinds seed to maintain stable net asset vetkeol SI CO per shore Mavis no assurime:het they wavconMwe to do so Theesemetedannualaware and dude& well Agues his ingest/Lin:Is repossentMe funds' most recentincome Ono:lend annualized .1 P Maven Funds 04trievla Inc is the destneuter od the 'Morgan Funds end AinecanCenturytrwestrnen Serwon Inc is the distributor a the AmencenCentuty Funds .1 P Morgan InvestmantlAsnagenierif Inc end AmencenCenfury iniestment Management Mc sew-yeas investment eiMisars to thew reSpeCtiretund Mindedend realWOCOnkeensation from they reSPectwe fund lankeeskx prowdag owner-Bid advisOry4M0 ether services d you he., GIPS& one or the sweep nutuiei tots pOu re notified that deadens n the Rime Money Markel Sweep Fund MP...WM ',O&M, es the JPAWINen ;Pim. Money Marker Fund. POSOOnsinthe FecterMMOneY Markel Sweet, Fund represent hada?, in the JPMorgan Federe/Money Madge( Fund and postons to the Tex Exam's; Money Medal Swoop Fund represent lksidings in the JPMorgan Tax ExemptMoneyMania Fund JPMSI a the custodian c listed options end misst mutual funds ncludeg fluid patty routeet funds purchased tteoigh JPMSI JPMSI a • namberce the Securities ImostorProtedton Capone,» r SAC 7 a nobta.prontmemboshocaporatao hided by IrokerAleakvsregiskrsdynth the Securitiesand ExchangeCanmason Securities and cash hold tars cusbmor &count at JPMSI are prof& led up to Medal net equity& each account. The fest65000W dprotecton which inchdes up to $100 COO of protection far cash a peowded by SAC As of Mara, 2004. the baianseof the protection a provded Cy a seem et Ex Mss SIFC Steety Bond issued by Customer Asset Proledion Company SIM and excises &CC protector+ do not peaky, against losses from fluctuations An Me relive/ Use stwuntes Assets had a custody by!Peer gen Chase Bank (the 'Booklet fra sub"! to &PC a excess SAC protector, J P Magian Secuntays Inc.. "fag& Chase Bank a her &dates (tee 'Morgan Companies, mote provide admviosPative oustelial sales desbieuta, a shareholder services to JPMorgan Funds Amoco& Century Funds a funds *Wabash& sponsored echoed a managed by dwd parte& and the Morgan Cowponies may be compensafect fa net seroces Explanation of JAMS! Ratings: JPMorgan uses the fotiowng Wog system Overweight: Over the next sir to twee moths. we expect fha Mx* we mitosilarn me nege tots, return a the stocks rn the emalyst's(a the anelysts learns) corerege universe Neutral: Ora the next au bMehe nenths we expect Ilk5 stock WI &darn in knit with the nine tots/meanta the socks in the analyst's (a the nation teariEs)corespe universe Underweight' Grey the next six to Masker months. nerexpecl Mc stock imit under.perfam Me nape total retain:illy stocks in the analyst's (a the onsfyst's tettertk) coverer universe Independent Research Ratings: JPMSI does not *Seise a Olflenniesdopt the Independent Research Prandereancharecre !vamp Ofesrentams use a vane:y ratings kris as *oil OS dfferentratogs systems to docatetherrecormwadatorks JPMSI uses a Neistwe'reengs system.), desalt:4d &Cove IRPit may use a differentiating, system such as as en IttisckuSerebnos system eat OW WO terms as buy 'hoer a 'why Soca , eabee-end 'absolute' &fps systems ive/votIsmentslyditleveol you shard reed oweAAY the clobstions d all ratings used in the JPMSI arid IRPresoarch Mot is irciuded in me research end For this reason and since the resPlIthooreoins the baits fa too ratings as wed as compWe kink:manor, corkowning the onalysls vans. you should read canoeist)/ the researchand not infer As contents from The rang alone JPMorgan Prinks tank a the inedieting name for the anode banvnp business conducted by J P Morgan Chase S Co through its subsdrenes scektvede mayday JINMorgan Chase Ben* JP Madan Trust Company NA and J P Morgan Seambes Inc Confidential Treatment Requested by JPMorgan JPM-SDNY-00032574 Chase CONFIDENTIAL SDNY_GM_00301772 EFTA01507525