EFTA01508070.pdf

02 I2005 J.P. Morgan Securities Inc. 270 Park Avenue, New York, NY 10017 JPMorgan Private Bank Account Number Margin Account Portfolio Page 30 of 30 FINANCIAL TRUST COMPANY INC February 01. 2005 - February 28. 2005 MIPORTANT WPORAMTION ABOUT TOUR "NU 'Anion ACCOUNT thee are NO ettea or ANNANNIS anbhls tamenti Orlf you hATO etri Watson abCrstlL meen contact your JPMSI Account ReprOSOnfanye or JPMSI Conspijenoe Oopartment et RIN Sant PbesekeeptreolkkvegnmeidwhenusngmdsMMrrnfobackyorvJPMSIrPkaageectvty This tibitemenf combines >oer genas/ mergo exact s'en ne sponst memorandum ecoriunt requied Secton 220 6 Neonen T As reen." by Reguistion T. a permanent Noen aow seprate enouni is evanne upon nis reinen Important &Nomaden neut Pricing and Valuatie). Prees sonre of wen are prcvsJed by dong ~ces a orne .meet erin we doem rentte re not gunnend fix ecchrecy or ss reenshie reins Freeand barman myod eceoung we rot seinneted and rney be osed in ns opa non ot JPISSis binnen soeperige/he binteL4nsof SEC Ruls 15c3-3 Uilen athenea° instrunect JO...Sten. even. ani &po:Acnes me neeg you seetetes Open nor dement( 1.11S1 tempey to you Me erna.« diets tree oen Paneer and ni dethier to you for pad »Cents» hek" on you' beh.' Interen ent be diepe on eny de« beten. We rnsinod of ciekubting intenst d deadibed in e teller sen lo en snee» entrees (Moe meten fequnt "IS ren supply yta wen Oct nat neen statement repund to De Andhecl to ~hen under SEC Run 174.5(C) We pent eind mede teen »spet/toen uwe ceseCtinbee nnduded m your Verg. Account ne we &tee» the cd bye nwend we deern »n end enen» You sh0uO han reen«, nepen» a Sr Inde cOnttmetrons ke een sennhes trensection At lienisections we suned to die lana and conddres sved on the rende aide d sunt eontematord end are »Neet to ne consb0bon bykos ossione and reaprentions d the madetploco wan ~Mol and gatend by and COOSPUedin scanfence wen ne boa ot th* state ce New Vak and ij gogen. leden. Nes and vaginabons You must gom" skin JPMSI ot motet ta nges in >nv mannen obfictives a inarven snaren Unies. you neem JPMSI «herwee JNM/ in condor no infratur tunnby in its Nes to be war and neutra JAMS! ss neuriet by An to rond to the Intens!Renen. Som» e e des:fonds and oterint non. on torn credit.' to >out account dwing ~new yin none reten erl yod M010177011t$ »assist you n ~gong )et inpomp tee returns A hanen statement or JPMSl is enne» lor yoir pranger enspection at As non oa copy d e wil be mand ron your ~den regie»? 'PMS! d nol • bonk and d e separate legal enhy kom rts bank cr MMS affintes nekdog JAUCB The ~ins ent ~d a recommended by JPMSI (0 An not inzond by the Penen Doemt Innend> Cap:reten, eny isew goverrenentel egeney (2) Are not &poets c ether ongetand JPASSIS bank or tint anten (dons onnyise "Inent). andere not oueranesed by a the responsityny of en suck enoteshiniess expAcdry stand innende" and (3) lordve meest ent 031U sseruding pond., leas ei tin Noop. nestei! N:04Sn benking &lindes may be tenders to enen oe teevees m. JPMSI onderwees in winti <Me soteds d nering: unddwirhen by JAMS nov be usa"' kt me reesyvnee ot uni toen and you nout reed b the lutkuse 0ccoments rotfog to ~beu» »artes lee deetswon of sny air tenders rentonshyrs The Federal Reserve inwas Vnl !PUS/abten >nv consent Win, n oen abten sedan ennation bands enk d renel slinks meiup drev eten enituebon d >op We inessurne inbind conenong to benset! business an JPMSI wet ecnsteude youe «meent do !he .hemd te etc., Morston by ~Si and int ban d WO eest to non bent pennen by kor sPAIdgen Rwek Bink 4 Me ~keen neme toi n» Anne beding business eonnted byJ P Wegen Giste 6 CO »rough 46 ~devies "ntede. sendag JPMCB end -.PMS, Confidential Treatment Requested by JPMorgan JPM-SDNY-00033220 Chase CONFIDENTIAL SDNY_GM_00302418 EFTA01508070