EFTA01511542.pdf

02 2003 JPMorgan Chine Bank 345 Park M enue, New York, NY I 0154-IIM2 II3 JPMorgan Private Bank Account Number Asset Account Portfolio Page 8 of 9 FINANCIAL TRUST COMPANY, INC. February 01, 2003 - February 28. 2003 IMPORTANT INFORMATKW ABOUT PRIVATE INVESTMENTS: FOOTNOTES 1 • 3 Rirate Equity Hedge Funds Etcharge Funds Rest Estate and Other Atef natty° Assets I DeeCIonve,eepoty.orostrrenlo and pooled pima. ovestments (at g. afforests inAmited pninnsiwps and inNledietWity OnnpanetieregennaityAhquel securities Yates we estimates" end We not ',wren:edict aCCur•CyOr COMpletensm Valinesdo not reef/none Me actual terfro at *MC* bonsai/peer aieurgai Could be bOuglit Or *Okla new fronseetens Coutl M ente(edirto a Pie &Twat ternO M when e.atn2DenseCtiOnsaarbi be INmaliaSeOaS Or theOW.90f the slefen.ne Died penageeptu7y investmern5 f genneysfu d✓Cast urdess thaw., an actneseeOndny Cackle mafSet tte secunties in m142, Gin dsettprep.Weeputywatments age valued using rra/Set prices as ot Me oboe of Me last Dwane« [Iffy thd Slaten'en. pelted Pooled porateeqcm~Mash,. ere vaAwsd scenting lo Ine GenetalPattneWscs ~ogees staled methOJObgy Invents& pool.d pinata equ,ty whestrrents retuedet COO 00939 a agnicantwfiestmenterenfoccuis when mendatne ~Mono( the mvaaMnfol The witufftaffn rrelh000109es gehndYnciode an afinftisMOI trie unclerhwa;assets at the town o oast c a whtfan.clown antxtat et a woke ot which lard party financing has occumad at e morkal ;woe it en actwo secondary mark& &makes. n of vat» Cat- Wilted by an ~open:Meg only Finn toter to de lorded petne :No *yeomen f. AmOod 4~1ycompany enema,: of alms Op tat&OdOCurnentalon lot each onostroont la me spec& natural nytIodebey used by the General Paftnot a Manager lot That twos-Men /Fagan neaseseeleclisess eny ~parotid. yin t 1f mcsncyot inlormabcn end If» memo:Won used ty GenerelPaitner of Manage, in ~rang wauelOna (2)•nyorrnsor an:ism:ins in compilvs; dissorenateg tno vokAoSens and (3)anyeso te *tot the vatobins so put VakotsonS Oro prOodad km, strife bon purposes any and re otOnctecl solo./ in your Oat use Madge lords gornabycakVate the ace (Me 'Ned Asset Vetoe'er • NAY' 10-15 bus vues days Satseng the last business day ol the month For that ret xn hedge fund NAY: shown wd genyeaybe the NAV of the mani amain, Mrs st&arese paned in gene'"? the Mein staled net el ma tand fncenbelees The NM/ u cakubled accordng b the GenewalPertners a Manage, : staled rretncdoegy ~anoint° Me Mete pertmesheogroomest hinted Aabetycomponyagfeementa other cpa'abve documents...on for each hedge lund Ice the specific valsrabon methodology used by the GonealPtvIncrof Manager tor that hedge land Mown copecoslyclocasons any responsebaylce (1)1he *canny& the fnicrmeton and the methodologyused by the Canard Paftneece Manner vi damre vababons Manyetrors or ~sons n compang adsseennatnytho vakretens and (3)any use to which the yakehonsare put Vo.tabens we prcinded lot wdcrrresbonpurposes only and ere otended solelylor your own use Fa ExchangeFunds Monroeat* Wet Asset VaIve-of WAV,includes Me valreer any nonaketableseCuribef that«, valvedsa)M.Y cfsncr let wituernelhodatogy onorcwel by Me bond oft?* Manage,' The Wet Asset Veit;eUSD' 'effects the Ane Ot Crefl used to financeme nOnne944etaeoecvnOes. the nonwfwfweablesecfaibes end Me snap confrects used to inhale the ~restfate ifsk between the Rostov fate on the etre Of **Mt and the Ned rate of Me nonntiefebfeseasstes The Fund Can drew Donn on The Me of nedt b Pay em loenseoend menegenkrft fees at startup a in Me etent Met the drvalenchncome Iran VM underawingsecvnbesoannol Pay the exPenSeS0i Me Fund This Sfaren*nt does naponde tavowtoa m pasale 'testiens Anse COnbaue 10 rely upon Me Geneve) eietner a edsleg.' of the ree3frnent retied& in the fnformesbon Prices some of whet re readed by petite sconces a aha ~cos at et no doom ,easONO aro tot gwafarsood fa accuracy a as real:awe waives 2 The taptal cased Since those:on USE, ' and t0911/Socomy&sirtut:oos Since /ncopsen USLY «Warns ore updated monony b 'effect °Cany (capfai ca4S and MsaftsuffonS) Jary 3 Hedge funds goneraayaltw 5~7*h:ens on a monZtly cr querkrly toms You nksrest‘n a hedge fund a hedge fur of funds es gennalye: Cl the fist business daya/the subso.ption period Due b enlytondiltg fesuroments by the opolccesio fund sour account may be ()CMS kJ' the svbxtebon amount once to the svbscripton date Peesetefor to the 4OPLcoNo hedge (ud oPef&nedC<wrentehdri3Of further dets Confidential Treatment Requested by JPMorgan JPM-SDNY-00037370 Chase CONFIDENTIAL SDNY_GM_00306568 EFTA01511542