EFTA01568512.pdf

JPMorgan Chase Bank, N.A. GHISLAINE MAXWELL 270 Park Avenue, New York, NY 10017-2014 (Reviewed) ACCT. For the Period 12/1/09 to 12/31/09 0000000019.00.0.20.00003.MAXWE00.20100128 GHISLAINE MAXWELL 16 ISLAND AVE APT 7D MIAMI BEACH FL 33139-1331 Asset Account J.P. Morgan Private Bank Team Mary Casey Jeffrey Matusow Janet Young William Doherty III Banker Investment Specialist Client Service Team Client Service Team Table of Contents Account Summary Holdings Equity Cash and Short Term Fixed Income Options Other Assets Portfolio Activity Online access www.MorganOnline.com Page 2 4 7 12 15 17 18 Client News 2009 Year End Tax 1099's You will be able to view your 2009 tax form 1099 on Morgan Online beginning Feb 24, 2010. You should expect to receive it via mail shortly thereafter. Please contact your client services team with any questions. Page 1 of 47 EFTA01568512 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Account Summary Asset Allocation Equity Cash & Short Term Fixed Income Options Other Assets Market Value Accruals Market Value with Accruals Beginning Ending Market Value 665,827.93 604,157.69 403,470.38 (1,360.00) 21,220.00 $1,693,316 00 9,339.29 $1,702,655.29 Market Value 478,994.39 904,341.85 502,574.13 (1,110.00) 19,040.00 $1,903,840 37 12,841.91 $1,916,682 28 Current Portfolio Activity Beginning Market Value Contributions Withdrawals & Fees Securities Transferred In Securities Transferred Out Net Contributions/Withdrawals Income & Distributions Change In Investment Value Ending Market Value Accruals Market Value with Accruals Period Value 1,693,316.00 230,978.68 (100,472.34) 715,603.23 (1,122,745.69) EFTA01568513 ($276,636.12) (1,081.46) 488,241.95 $1,903,840.37 12,841.91 $1,916,682.28 Change In Value (186,833.54) 300,184.16 99,103.75 250.00 (2,180.00) $210,524.37 3,502.62 $214,026.99 Year-to-Date Value 6,377,327.40 1,507,674.29 (5,904,074.90) 1,362,025.86 (2,548,585.66) ($5,582,960.41) 22,438.49 1,087,034.89 $1,903,840.37 12,841.91 $1,916,682.28 Fixed Income Estimated 2,760.00 19,664.29 21,041.30 Current Annual Income Allocation 25% 48% 26% 1% 100% Equity Cash & Other Assets Short Term Asset Allocation Page 2 of 47 EFTA01568514 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Account Summary Tax Summary Domestic Dividends/Distributions Foreign Dividends Currency Gain/Loss Interest Income Taxable Income Tax-Exempt Income Bond Premium Amortization Tax-Exempt Income CONTINUED Current Period Value 2.79 (1,084.25) ($1,081.46) Year-to-Date Value 1,919.85 12.41 1,826.12 2,434.23 $6,192.61 16,302.74 (56.86) $16,245.88 Unrealized Gain/Loss To-Date Value $60,887.90 ST Realized Gain/Loss LT Realized Gain/Loss Realized Gain/Loss Current Period Value (16,768.12) ($16,768.12) Year-to-Date Value (12,793.03) (6,536.12) ($19,329.15) Page 3 of 47 EFTA01568515 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Equity Summary Asset Categories US Large Cap US Mid Cap/Small Cap Non US Equity Emerging Markets Total Value Beginning Market Value 440,545.00 12,681.56 196,366.37 16,235.00 $665,827.93 Ending Market Value 276,359.00 0.68 186,029.71 16,605.00 $478,994.39 Change In Value (164,186.00) (12,680.88) (10,336.66) 370.00 ($186,833.54) Current Allocation 13% 1% 10% 1% 25% US Mid Cap/Small Cap Emerging Markets US Large Cap Asset Categories Equity Current Market Value/Cost Market Value Tax Cost Unrealized Gain/Loss Estimated Annual Income Yield Period Value 478,994.39 EFTA01568516 437,748.66 41,245.73 2,760.00 0.58% Non US Equity Page 4 of 47 EFTA01568517 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Equity Detail Estimated Quantity US Large Cap AT&T INC GOOGLE INC CL A 38259P-50-8 GOOG PFIZER INC 717081-10-3 PFE PROSHARES ULTRASHORT S&P 500 Total US Large Cap 74347R-88-3 SDS $276,359.00 US Mid Cap/Small Cap VISTEON CORP DEFAULT 92839U-10-7 VSTN Q Non US Equity BP PLC HELD BY JPMORGAN CHASE BK LON ISIN GB0007980591 SEDOL 0798059 G12793-91-8 GBP Page 5 of 47 $245,504.40 $30,854.60 $2,760.00 1.00% 1,000.000 35.05 35,050.00 44,809.50 (9,759.50) 1,500.000 18.19 27,285.00 26,460.00 825.00 1,080.00 3.96% 1,000.000 00206R-10-2 T 300.000 619.98 185,994.00 147,944.90 38,049.10 28.03 EFTA01568518 28,030.00 26,290.00 1,740.00 1,680.00 5.99% Price Market Value Tax Cost Unrealized Gain/Loss Annual Income Accrued Dividends Yield 26.000 0.03 0.68 429.00 (428.32) 18.000 9.69 174.40 164.25 10.15 EFTA01568519 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Estimated Quantity Non US Equity CURRENCY SHARES EURO TRUST GLAXOSMITHKLINE PLC 23130C-10-8 FXE 1.000 HELD BY JPMORGAN CHASE BK LON ISIN GB0009252882/SEDOL 0925288 G3910J-90-6 ZZZZ GBP SPDR GOLD TRUST Total Non US Equity 78463V-10-7 GLD $186,029.71 Emerging Markets CHANGYOU.COM LTD A/D/R 15911M-10-7 CYOU $175,077.26 $10,952.45 $0.00 0.00% 400.000 107.31 42,924.00 33,482.00 9,442.00 21.31 21.31 26.60 (5.29) 1,000.000 142.91 142,910.00 141,404.41 1,505.59 Price Market Value Tax Cost Unrealized Gain/Loss Annual Income Accrued Dividends Yield 500.000 33.21 16,605.00 EFTA01568520 16,738.00 (133.00) Page 6 of 47 EFTA01568521 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Cash & Short Term Summary Beginning Asset Categories Cash Short Term Total Value Market Value 100,178.81 503,978.88 $604,157.69 Ending Market Value 104,002.47 800,339.38 $904,341.85 Change In Value 3,823.66 296,360.50 $300,184.16 Current Allocation 5% 43% 48% Asset Categories Cash & Short Term Cash Current Market Value/Cost Market Value Tax Cost Unrealized Gain/Loss Estimated Annual Income Accrued Interest Yield Period Value 904,341.85 876,334.85 28,007.00 19,664.29 7,513.93 2.14% Short Term Page 7 of 47 EFTA01568522 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Cash & Short Term Summary SUMMARY BY MATURITY Short Term Less than 3 months SUMMARY BY TYPE Short Term International Bonds Mutual Funds Total Value Market Value 800,338.38 1.00 $800,339.38 % of Bond Portfolio 99% 1% 100% CONTINUED 800,339.38 Market Value Page 8 of 47 EFTA01568523 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Note: This is the Annual Percentage Yield (APY) which is the rate earned if balances remain on deposit for a full year with compounding, there is no change in the interest rate and all interest is left in the account. Cash & Short Term Detail Quantity Cash POUND STERLING US DOLLAR Total Cash Short Term JPMORGAN NEW YORK MUNICIPAL MONEY MARKET FUND MORGAN SHARE CLASS FUND 3 4812A0-81-3 JP MORGAN CHASE BANK - CAD LONDON TIME DEPOSITS 0.0100% DATED 12/30/2009 MATURITY 01/06/2010 HELD BY LONDON TREASURY SERVICES Bearer 60706B-9Y-4 CAD 105,600.42 95.39 100,730.12 100,000.40 729.72 10.07 0.02% 1.00 1.00 1.00 1.00 9.38 103,987.32 1.61 1.00 15.15 103,987.32 $104,002.47 14.78 103,987.32 $104,002.10 $0.37 0.37 72.79 1.93 EFTA01568524 $72.79 $1.93 0.07% 0.07% Price Market Value Tax Cost Adjusted Original Estimated Unrealized Gain/Loss Annual Income Accrued Interest Yield Page 9 of 47 EFTA01568525 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Quantity Short Term JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 0.7500% DATED 12/31/2009 MATURITY 01/07/2010 HELD BY LONDON TREASURY SERVICES Bearer 60706D-9F-1 NOK JP MORGAN CHASE BANK - AUD LONDON TIME DEPOSITS 3.2000% DATED 12/31/2009 MATURITY 01/08/2010 HELD BY LONDON TREASURY SERVICES Bearer 60706C-9K-2 AUD JP MORGAN CHASE BANK - NZD LONDON TIME DEPOSITS 2.0000% DATED 11/30/2009 MATURITY 01/29/2010 HELD BY LONDON TREASURY SERVICES Bearer 60705P-9R-9 NZD KFW - BRL MEDIUM TERM NOTE 9 1/8% FEB 5 2010 DTD 10/05/2007 HELD BY EUROCLEAR ISIN:XS0323929546 SEDOL:B284W67 B11XZP-9B-7 AAA /AAA BRL JP MORGAN CHASE BANK - AUD LONDON TIME DEPOSITS 2.5000% DATED 08/13/2009 MATURITY 02/16/2010 HELD BY LONDON TREASURY SERVICES Bearer 60703R-9F-3 AUD Page 10 of 47 119,047.61 89.94 107,065.48 100,000.00 7,065.48 2,676.63 1,048.27 2.48% 125,000.00 57.37 71,710.79 72,010.50 (299.71) 6,543.28 5,915.84 8.71% EFTA01568526 151,973.80 72.77 110,583.74 97,717.02 12,866.72 2,211.67 196.50 2.00% 227,834.31 89.94 204,902.81 202,562.78 2,340.03 6,556.88 18.03 3.20% 575,239.60 17.31 99,577.55 100,041.05 (463.50) 746.83 1.99 0.76% Price Market Value Tax Cost Adjusted Original Estimated Unrealized Gain/Loss Annual Income Accrued Interest Yield EFTA01568527 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Quantity Short Term JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 0.8000% DATED 08/13/2009 MATURITY 02/16/2010 HELD BY LONDON TREASURY SERVICES Bearer 60703R-9T-3 NOK Total Short Term $800,339.38 $772,332.75 $28,006.63 $19,591.50 $7,512.00 2.41% 611,000.00 17.31 105,767.89 100,000.00 5,767.89 846.14 331.37 0.80% Price Market Value Tax Cost Adjusted Original Estimated Unrealized Gain/Loss Annual Income Accrued Interest Yield Page 11 of 47 EFTA01568528 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Fixed Income Summary Asset Categories US Fixed Income - Taxable Beginning Market Value 403,470.38 Ending Market Value 502,574.13 Change In Value 99,103.75 Current Allocation 26% Asset Categories Fixed Income Current Market Value/Cost Market Value Tax Cost Unrealized Gain/Loss Estimated Annual Income Accrued Interest Yield Period Value 502,574.13 504,190.41 (1,616.28) 21,041.30 5,327.98 4.20% Page 12 of 47 EFTA01568529 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Fixed Income Summary SUMMARY BY MATURITY Fixed Income Less than 5 years, 5-10 years, 10+ years, Total Value SUMMARY BY TYPE Fixed Income Corporate Bonds Government and Agency Bonds Total Value Market Value 402,230.13 100,344.00 $502,574.13 % of Bond Portfolio 80% 20% 100% Market Value 302,314.13 45,541.00 154,719.00 $502,574.13 CONTINUED % of Bond Portfolio 60% 9% 31% 100% 1 The years indicate the number of years until the bond is scheduled to mature based on the statement end date. Some bonds may be called, or paid in full, before their stated maturity. Page 13 of 47 EFTA01568530 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Fixed Income Detail Quantity US Fixed Income - Taxable GOLDMAN SACHS GROUP INC 1 5/8% JUL 15 2011 DTD 01/21/2009 38146F-AF-8 AAA /AAA INTL BK RECON & DEVELOP - BRL 8 3/4% JUN 15 2012 DTD 08/20/2009 HELD BY EUROCLEAR ISIN:XS0446421157 SEDOL:B435Z93 459058-96-1 AAA /AAA BRL FEDERAL HOME LOAN BANK 2% SEP 30 2013 DTD 09/30/2009 STEP CPN 3133XU-TS-2 AAA /AAA GENERAL ELEC CAP CORP MEDIUM TERM FLOATING RATE NOTE MAY 11 2016 DTD 05/11/2007 36962G-2V-5 AA+ /AA2 JPMORGAN CHASE & CO NOTES 7.9% APR 29 2049 DTD 04/23/2008 46625H-HA-1 BBB /BAA Total US Fixed Income - Taxable $502,574.13 $504,190.41 ($1,616.28) $21,041.30 $5,327.98 4.20% 150,000.000 103.15 154,719.00 157,909.17 (3,190.17) 11,850.00 2,007.90 7.65% 50,000.000 91.08 45,541.00 45,394.50 146.50 236.25 32.15 1.97% EFTA01568531 100,000.000 100.34 100,344.00 100,000.00 344.00 2,000.00 505.50 1.90% 90,000.000 56.25 50,629.13 50,106.74 522.39 4,517.55 1,658.48 9.62% Price Market Value Tax Cost Adjusted Original Estimated Unrealized Gain/Loss Annual Income Accrued Interest Yield 150,000.000 100.89 151,341.00 150,780.00 561.00 2,437.50 1,123.95 1.04% Page 14 of 47 EFTA01568532 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Options Summary Asset Categories Equity Beginning Market Value (1,360.00) Ending Market Value (1,110.00) Change In Value 250.00 Current Allocation Current Market Value/Cost Market Value Premium Unrealized Gain/Loss Period Value (1,110.00) (1,524.95) 414.95 Options Detail Quantity Equity AT&T INC CALL OPTION APR 10 @ 29 Underlying Asset Price = $28.03 00206R-9D-0 T DOAA / Price Market Value Premium Unrealized Gain/Loss (10.000) 0.61 (610.00) (484.98) (125.02) Page 15 of 47 EFTA01568533 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Quantity Equity CURRENCYSHARES EURO TR CALL OPTION MAR 10 @ 153 Underlying Asset Price = $142.91 23130C-9C-W FXE CWAA / Total Equity ($1,110.00) ($1,524.95) $414.95 (10.000) 0.50 (500.00) (1,039.97) 539.97 Price Market Value Premium Unrealized Gain/Loss Page 16 of 47 EFTA01568534 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Other Assets Summary Asset Categories Other Beginning Estimated Value 21,220.00 Ending Estimated Value 19,040.00 Change In Value (2,180.00) Current Allocation 1% Asset Categories Other Assets Other Assets Detail Quantity Other PROSHARES ULTRSHORT QQQ 74347R-87-5 QID 1,000.000 19.04 19,040.00 26,203.50 (7,163.50) Price Estimated Value Cost Estimated Gain/Loss Page 17 of 47 EFTA01568535 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Portfolio Activity Summary - U S Dollar Beginning Cash Balance PRINCIPAL Current Transactions Income INFLOWS 375.17 Contributions Total Inflows OUTFLOWS Withdrawals Interest Purchased Foreign Exchange - Outflows Total Outflows TRADE ACTIVITY Settled Sales/Maturities/Redemptions Settled Securities Purchased Total Trade Activity Ending Cash Balance 274,919.48 (200,354.53) $74,564.95 $103,987.32 * Year to date information is calculated on a calendar year basis. 6,846,682.85 (1,741,239.98) $5,105,442.87 -$0.00 $0.00 $0.00 -(1,931.48) (200,000.00) ($201,931.48) 230,978.68 $231,353.85 19,649.00 1,507,674.29 $1,527,323.29 (5,802,512.29) (2,114.29) (818,283.53) ($6,622,910.11) $0.00 $0.00 $0.00 $0.00 Period Value EFTA01568536 0.00 Year-To-Date Value* -INCOME Current Period Value 0.00 Year-To-Date Value* -Page 18 of 47 EFTA01568537 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Portfolio Activity Summary - U S Dollar Current Cost Adjustments Amortization Cost Adjustments Total Cost Adjustments Period Value 1,909.17 $1,909.17 * Year to date information is calculated on a calendar year basis. Year-To-Date Value* (56.86) 1,909.17 $1,852.31 Portfolio Activity Detail - U S Dollar INFLOWS & OUTFLOWS Settlement Date 12/1 Type Interest Income Description DEPOSIT SWEEP INTEREST FOR NOV. @ .07% RATE ON NET AVG COLLECTED BALANCE OF $2,911.87 AS OF 12/01/09 12/14 US Government Interest FEDERAL HOME LOAN BANK 1 1/2% DEC 14 2012 DTD 09/14/2009 STEP CPN EARNED DISCOUNT 12/15 Spot FX SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD EXCHANGE RATE .913000000 DEAL 12/11/09 VALUE 12/15/09 109,529.020 (100,000.00) 100,000.000 0.004 375.00 Quantity Per Unit Amount PRINCIPAL EFTA01568538 Amount 0.17 INCOME Amount Page 19 of 47 EFTA01568539 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 INFLOWS & OUTFLOWS Settlement Date 12/15 Type Spot FX Description SPOT CURRENCY TRANSACTION - BUY BUY NOK SELL USD EXCHANGE RATE 5.750000000 DEAL 12/11/09 VALUE 12/15/09 12/16 12/16 Accrued Interest Paid Misc. Receipt GENERAL ELEC CAP CORP MEDIUM TERM FLOATING RATE NOTE MAY 11 2016 DTD 05/11/2007 FUNDS TRANSFERRED FROM MMIA A/C# 00000000002916490721 TO PRN A/C# 12/23 Option Assignment AS REQUESTED GOOGLE INC CALL OPTION DEC 09 @ 590 COVERED CALL ASSIGNED TRADE DATE 12/18/09 12/24 12/28 Misc. Receipt Accrued Interest Paid Total Inflows & Outflows TO FUND ASSET ACCOUNT JPMORGAN CHASE & CO PURCHASE 150,000.000 NOTES 7.9% DEC 29 2049 DTD 04/23/2008 $29,422.37 0.013 (1,909.17) 98,916.69 1.000 590.00 132,061.99 50,000.000 (22.31) EFTA01568540 Quantity 575,000.000 Per Unit Amount PRINCIPAL Amount (100,000.00) INCOME Amount Page 20 of 47 EFTA01568541 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 TRADE ACTIVITY Note: Trade Date Settlement Date 12/14 L indicates Long Term Realized Gain/Loss Type Settled Sales/Maturities/Redemptions 12/14 Redemption Description FEDERAL HOME LOAN BANK 1 1/2% DEC 14 2012 DTD 09/14/2009 STEP CPN ENTIRE ISSUE CALLED 12/14/2009 @ 100.00 12/11 12/16 Sale LIVEPERSON INC @ 6.07 BROKERAGE TAX &/OR SEC 12/18 12/23 Assigned Call GOOGLE INC CL A @ 590.00 BROKERAGE TAX &/OR SEC 12/18 12/30 Sale 59,000.00 6.00 1.52 J.P. MORGAN SECURITIES INC. TRADE DATE 12/18/09 ENTRY REVERSED ON 12/31/2009 GOOGLE INC CL A @ 520.00 BROKERAGE TAX &/OR SEC 104,000.00 EFTA01568542 12.00 2.68 J.P. MORGAN SECURITIES INC. TRADE DATE 12/18/09 (200.000) 519.927 103,985.32 (119,171.40) (15,186.08) L (2,000.000) 12,140.00 200.00 .32 J.P. MORGAN SECURITIES INC. TRADE DATE 12/11/09 (100.000) 589.925 58,992.48 (60,616.40) (1,623.92) L 5.97 11,939.68 (11,899.80) 39.88 L Quantity (100,000.000) Per Unit Amount 100.00 Proceeds 100,000.00 Tax Cost (100,000.00) Realized Gain/Loss Page 21 of 47 EFTA01568543 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Trade Date 12/18 Settlement Date 12/31 Type Settled Sales/Maturities/Redemptions Sale Description TO REVERSE ENTRY OF 12/30/2009 GOOGLE INC CL A @ 520.00 BROKERAGE TAX &/OR SEC 104,000.00 12.00 2.68 J.P. MORGAN SECURITIES INC. TRADE DATE 12/18/09 AS OF 12/30/09 12/18 12/31 Sale GOOGLE INC CL A GOOGLE INC CL A @ 520.00 @ 520.00 BROKERAGE TAX &/OR SEC Total Settled Sales/Maturities/Redemptions Trade Date Settlement Date 12/14 Type Settled Securities Purchased 12/11 Write Option Description CURRENCYSHARES EURO TR CALL OPTION MAR 10 @ 153 COVERED CALL Quantity (10.000) EFTA01568544 Per Unit Amount 103.997 104,000.00 104,000.00 10.00 2.68 J.P. MORGAN SECURITIES INC. TRADE DATE 12/18/09 $274,919.48 ($291,687.60) ($16,768.12) L (200.000) 519.937 103,987.32 (119,171.40) (15,184.08) L Quantity 200.000 Per Unit Amount 519.927 Proceeds (103,985.32) Tax Cost 119,171.40 Realized Gain/Loss 15,186.08 L Market Cost 1,039.97 Page 22 of 47 EFTA01568545 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Trade Date Settlement Date 12/16 Type Settled Securities Purchased 12/11 Purchase Description GENERAL ELEC CAP CORP MEDIUM TERM FLOATING RATE NOTE MAY 11 2016 DTD 05/11/2007 @ 90.789 JP MORGAN SECURITIES INC (BIDL) TRADE DATE 12/11/09 12/22 12/28 Purchase JPMORGAN CHASE & CO NOTES 7.9% DEC 29 2049 DTD 04/23/2008 @ 104.00 JP MORGAN SECURITIES INC (BIDL) TRADE DATE 12/22/09 Total Settled Securities Purchased COST ADJUSTMENTS Settlement Date 12/31 Type Cost Basis Adjustment Description JPMORGAN CHASE & CO NOTES 7.9% DEC 29 2049 DTD 04/23/2008 ON-LINE TAX COST ADJUSTMENT Quantity 150,000.000 ($200,354.53) 150,000.000 104.00 (156,000.00) Quantity 50,000.000 Per Unit Amount 90.80 Market Cost EFTA01568546 (45,394.50) Tax Cost Adjustments 1,909.17 Page 23 of 47 EFTA01568547 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Portfolio Activity Summary - Australia Dollar PRINCIPAL US Dollar Value Current Transactions Income OUTFLOWS Withdrawals Tax Payments Total Outflows TRADE ACTIVITY Settled Sales/Maturities/Redemptions Settled Securities Purchased Total Trade Activity Ending Cash Balance * Year to date information is calculated on a calendar year basis. $0.00 -64,545.00 (263,502.86) ($198,957.86) -0.00 0.00 75,000.00 (312,306.06) (237,306.06) -Period Value Beginning Cash Balance INFLOWS Foreign Exchange - Inflows Total Inflows -430.61 100,000.00 $100,430.61 (100,430.61) ($100,430.61) Year-To-Date Value* -2,089.81 297,949.47 $300,039.28 (100,839.38) (242.04) ($101,081.42) Local Value Current Period Value 0.00 EFTA01568548 479.69 109,529.02 110,008.71 (110,008.71) (110,008.71) Year-To-Date Value* -2,299.84 345,740.83 348,040.67 (110,453.36) (281.25) (110,734.61) Page 24 of 47 EFTA01568549 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Portfolio Activity Summary - Australia Dollar INCOME US Dollar Value Current Transactions Beginning Cash Balance Ending Cash Balance * Year to date information is calculated on a calendar year basis. Portfolio Activity Detail - Australia Dollar INFLOWS & OUTFLOWS Settlement Date 12/4 Type Foreign Interest Description JP MORGAN CHASE BANK - AUD LONDON TIME DEPOSITS 3.0500% DATED 11/27/2009 MATURITY 12/04/2009 HELD BY LONDON TREASURY SERVICES 12/4 12/4 Misc. Disbursement Free Delivery REP: ROLLOVER TO TIME DEPOSIT JP MORGAN CHASE BANK - AUD AUSTRALIA DOLLAR (117,825.600) LONDON TIME DEPOSITS 3.0500% DATED 11/27/2009 MATURITY 12/04/2009 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (69.880) (64.73) (69.88) Quantity 117,825.600 Period Value --Year-To-Date Value* --Local Value Current Period Value 0.00 0.00 Year-To-Date Value* --Per EFTA01568550 Unit Amount USD Local Value 0.001 PRINCIPAL Amount USD Local Value 64.73 69.88 INCOME Amount USD Local Value Currency Gain/Loss USD Page 25 of 47 EFTA01568551 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 INFLOWS & OUTFLOWS Per Unit Settlement Date 12/4 Type Receipt of Assets Description JP MORGAN CHASE BANK - AUD LONDON TIME DEPOSITS 3.2000% DATED 12/04/2009 MATURITY 12/11/2009 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD 12/11 Foreign Interest JP MORGAN CHASE BANK - AUD LONDON TIME DEPOSITS 3.2000% DATED 12/04/2009 MATURITY 12/11/2009 HELD BY LONDON TREASURY SERVICES 12/11 12/11 Misc. Disbursement Free Delivery REP: ROLLOVER TO TIME DEPOSIT JP MORGAN CHASE BANK - AUD AUSTRALIAN DOLLAR (117,895.480) LONDON TIME DEPOSITS 3.2000% DATED 12/04/2009 MATURITY 12/11/2009 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD 12/11 Receipt of Assets JP MORGAN CHASE BANK - AUD LONDON TIME DEPOSITS 3.2000% DATED 12/11/2009 MATURITY 12/18/2009 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD 12/15 Spot FX SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD EXCHANGE RATE .913000000 DEAL 12/11/09 VALUE 12/15/09 12/18 Foreign Interest JP MORGAN CHASE BANK - AUD LONDON TIME DEPOSITS 3.2000% DATED 12/11/2009 MATURITY 12/18/2009 EFTA01568552 HELD BY LONDON TREASURY SERVICES 117,968.840 0.001 65.14 73.40 (100,000.000) 100,000.00 109,529.02 117,968.840 (73.360) (67.23) (73.36) 117,895.480 0.001 67.23 73.36 Quantity 117,895.480 Amount USD Local Value PRINCIPAL Amount USD Local Value INCOME Amount USD Local Value Currency Gain/Loss USD Page 26 of 47 EFTA01568553 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 INFLOWS & OUTFLOWS Per Unit Settlement Date 12/18 12/18 12/18 Type Misc. Disbursement Misc. Disbursement Free Delivery Description REP: ROLLOVER TO TIME DEPOSIT INCREASE IN TIME DEPOSIT JP MORGAN CHASE BANK - AUD AUSTRALIAN DOLLAR (109,529.020) AUSTRALIAN DOLLAR (117,968.840) LONDON TIME DEPOSITS 3.2000% DATED 12/11/2009 MATURITY 12/18/2009 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD 12/18 Receipt of Assets JP MORGAN CHASE BANK - AUD LONDON TIME DEPOSITS 3.2000% DATED 12/18/2009 MATURITY 12/24/2009 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD 12/24 Foreign Interest JP MORGAN CHASE BANK - AUD LONDON TIME DEPOSITS 3.2000% DATED 12/18/2009 MATURITY 12/24/2009 HELD BY LONDON TREASURY SERVICES 12/24 12/24 Misc. Disbursement Free Delivery REP: ROLLOVER TO TIME DEPOSIT JP MORGAN CHASE BANK - AUD AUSTRALIAN DOLLAR (227,571.260) LONDON TIME DEPOSITS 3.2000% DATED 12/18/2009 MATURITY 12/24/2009 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (121.370) EFTA01568554 (106.93) (121.37) 227,571.260 0.001 106.93 121.37 227,571.260 Quantity (73.400) Amount USD Local Value PRINCIPAL Amount USD Local Value (65.14) (73.40) (100,000.00) (109,529.02) INCOME Amount USD Local Value Currency Gain/Loss USD (1.87) 1.87 Page 27 of 47 EFTA01568555 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 INFLOWS & OUTFLOWS Per Unit Settlement Date 12/24 Type Receipt of Assets Description JP MORGAN CHASE BANK - AUD LONDON TIME DEPOSITS 3.2000% DATED 12/24/2009 MATURITY 12/31/2009 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD 12/31 Foreign Interest JP MORGAN CHASE BANK - AUD LONDON TIME DEPOSITS 3.2000% DATED 12/24/2009 MATURITY 12/31/2009 HELD BY LONDON TREASURY SERVICES 12/31 12/31 Misc. Disbursement Free Delivery REP: ROLLOVER TO TIME DEPOSIT JP MORGAN CHASE BANK - AUD AUSTRALIAN DOLLAR (227,692.630) LONDON TIME DEPOSITS 3.2000% DATED 12/24/2009 MATURITY 12/31/2009 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD 12/31 Receipt of Assets JP MORGAN CHASE BANK - AUD LONDON TIME DEPOSITS 3.2000% DATED 12/31/2009 MATURITY 01/08/2010 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD Total Inflows & Outflows $0.00 227,834.310 (141.680) (126.58) (141.68) 227,692.630 0.001 126.58 141.68 Quantity EFTA01568556 227,692.630 Amount USD Local Value PRINCIPAL Amount USD Local Value INCOME Amount USD Local Value Currency Gain/Loss USD Page 28 of 47 EFTA01568557 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Portfolio Activity Summary - BRAZILIAN REAL PRINCIPAL US Dollar Value Current Transactions Beginning Cash Balance INFLOWS Total Inflows Foreign Exchange - Inflows $0.00 TRADE ACTIVITY Total Trade Activity Settled Securities Purchased $0.00 Ending Cash Balance * Year to date information is calculated on a calendar year basis. INCOME US Dollar Value Current Transactions Beginning Cash Balance Ending Cash Balance * Year to date information is calculated on a calendar year basis. Period Value --Year-To-Date Value* --Local Value Current Period Value 0.00 0.00 Year-To-Date Value* ---Period Value -Year-To-Date Value* -122,117.24 $122,117.24 (122,117.24) ($122,117.24) -Local Value Current Period Value 0.00 Year-To-Date Value* EFTA01568558 -0.00 223,434.71 223,434.71 0.00 0.00 (223,434.71) (223,434.71) -Page 29 of 47 EFTA01568559 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Portfolio Activity Detail - BRAZILIAN REAL No Activity This Period Page 30 of 47 EFTA01568560 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Portfolio Activity Summary - Canadian Dollar PRINCIPAL US Dollar Value Current Transactions Income OUTFLOWS Total Outflows Withdrawals TRADE ACTIVITY Total Trade Activity Settled Securities Purchased Ending Cash Balance * Year to date information is calculated on a calendar year basis. Period Value Beginning Cash Balance INFLOWS Foreign Exchange - Inflows Total Inflows -0.40 $0.40 (0.40) ($0.40) (100,000.00) ($100,000.00) -Year-To-Date Value* -0.40 100,000.00 $100,000.40 (0.40) ($0.40) (100,000.00) ($100,000.00) -Local Value Current Period Value 105,600.00 0.42 0.42 (0.42) (0.42) (105,600.00) (105,600.00) 0.00 Year-To-Date Value* -0.42 EFTA01568561 105,600.00 105,600.42 (0.42) (0.42) (105,600.00) (105,600.00) -Page 31 of 47 EFTA01568562 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Portfolio Activity Summary - Canadian Dollar INCOME US Dollar Value Current Transactions Beginning Cash Balance Ending Cash Balance * Year to date information is calculated on a calendar year basis. Portfolio Activity Detail - Canadian Dollar INFLOWS & OUTFLOWS Settlement Date 12/23 Type Foreign Interest Description JP MORGAN CHASE BANK - CAD LONDON TIME DEPOSITS 0.0100% DATED 12/16/2009 MATURITY 12/23/2009 HELD BY LONDON TREASURY SERVICES 12/23 12/23 Misc. Disbursement Free Delivery ROLLOVER TO TIME DEPOSIT JP MORGAN CHASE BANK - CAD CANADIAN DOLLAR (105,600.000) LONDON TIME DEPOSITS 0.0100% DATED 12/16/2009 MATURITY 12/23/2009 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (0.210) (0.20) (0.21) Quantity 105,600.000 Period Value --Year-To-Date Value* --Local Value Current Period Value 0.00 0.00 Year-To-Date Value* --Per EFTA01568563 Unit Amount USD Local Value PRINCIPAL Amount USD Local Value 0.20 0.21 INCOME Amount USD Local Value Currency Gain/Loss USD Page 32 of 47 EFTA01568564 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 INFLOWS & OUTFLOWS Per Unit Settlement Date 12/23 Type Receipt of Assets Description JP MORGAN CHASE BANK - CAD LONDON TIME DEPOSITS 0.0100% DATED 12/23/2009 MATURITY 12/30/2009 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD 12/30 Foreign Interest JP MORGAN CHASE BANK - CAD LONDON TIME DEPOSITS 0.0100% DATED 12/23/2009 MATURITY 12/30/2009 HELD BY LONDON TREASURY SERVICES 12/30 12/30 Misc. Disbursement Free Delivery REP: ROLLOVER TO TIME DEPOSIT JP MORGAN CHASE BANK - CAD CANADIAN DOLLAR (105,600.210) LONDON TIME DEPOSITS 0.0100% DATED 12/23/2009 MATURITY 12/30/2009 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD 12/30 Receipt of Assets JP MORGAN CHASE BANK - CAD LONDON TIME DEPOSITS 0.0100% DATED 12/30/2009 MATURITY 01/06/2010 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD Total Inflows & Outflows $0.00 105,600.420 (0.210) (0.20) (0.21) 105,600.210 0.20 0.21 Quantity 105,600.210 EFTA01568565 Amount USD Local Value PRINCIPAL Amount USD Local Value INCOME Amount USD Local Value Currency Gain/Loss USD Page 33 of 47 EFTA01568566 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 TRADE ACTIVITY - Canadian Dollar Per Unit Trade Date Settlement Date 12/16 Type Settled Securities Purchased 12/16 Purchase Description JP MORGAN CHASE BANK - CAD LONDON TIME DEPOSITS 0.0100% DATED 12/16/2009 MATURITY 12/23/2009 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD Quantity 105,600.000 Amount USD Local Value 94.70 100.00 Market Cost USD Local Value (100,000.00) (105,600.00) Currency Gain/Loss USD Page 34 of 47 EFTA01568567 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Portfolio Activity Summary - N ZEALAND DOLLAR PRINCIPAL US Dollar Value Current Transactions Income OUTFLOWS Withdrawals Tax Payments Total Outflows TRADE ACTIVITY Settled Sales/Maturities/Redemptions Settled Securities Purchased Total Trade Activity Ending Cash Balance * Year to date information is calculated on a calendar year basis. $0.00 -60,244.23 (158,455.10) ($98,210.87) -0.00 0.00 95,000.00 (246,388.23) (151,388.23) -$0.00 Period Value Beginning Cash Balance INFLOWS Foreign Exchange - Inflows Total Inflows -Year-To-Date Value* -990.85 $0.00 98,216.82 $99,207.67 (680.52) (316.28) ($996.80) 0.00 Local Value Current Period Value 0.00 Year-To-Date Value* EFTA01568568 -1,488.80 151,354.25 152,843.05 (956.07) (498.75) 0.00 (1,454.82) Page 35 of 47 EFTA01568569 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Portfolio Activity Summary - N ZEALAND DOLLAR INCOME US Dollar Value Current Transactions Beginning Cash Balance Ending Cash Balance * Year to date information is calculated on a calendar year basis. Portfolio Activity Detail - N ZEALAND DOLLAR No Activity This Period Period Value --Year-To-Date Value* --Local Value Current Period Value 0.00 0.00 Year-To-Date Value* --Page 36 of 47 EFTA01568570 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Portfolio Activity Summary - Norwegian Krone PRINCIPAL US Dollar Value Current Transactions Income OUTFLOWS Total Outflows Withdrawals TRADE ACTIVITY Total Trade Activity Settled Securities Purchased Ending Cash Balance * Year to date information is calculated on a calendar year basis. Period Value Beginning Cash Balance INFLOWS Foreign Exchange - Inflows Total Inflows -41.05 100,000.00 $100,041.05 (41.05) ($41.05) (100,000.00) ($100,000.00) -Year-To-Date Value* -41.05 200,000.00 $200,041.05 (41.05) ($41.05) (200,000.00) ($200,000.00) -Local Value Current Period Value 0.00 239.60 575,000.00 575,239.60 (239.60) (239.60) (575,000.00) (575,000.00) 0.00 Year-To-Date EFTA01568571 Value* -239.60 1,186,000.00 1,186,239.60 (239.60) (239.60) (1,186,000.00) (1,186,000.00) -Page 37 of 47 EFTA01568572 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Portfolio Activity Summary - Norwegian Krone INCOME US Dollar Value Current Transactions Beginning Cash Balance Ending Cash Balance * Year to date information is calculated on a calendar year basis. Portfolio Activity Detail - Norwegian Krone INFLOWS & OUTFLOWS Settlement Date 12/15 Type Spot FX Description SPOT CURRENCY TRANSACTION - BUY BUY NOK SELL USD EXCHANGE RATE 5.750000000 DEAL 12/11/09 VALUE 12/15/09 12/23 Foreign Interest JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.0000% DATED 12/18/2009 MATURITY 12/23/2009 HELD BY LONDON TREASURY SERVICES 12/23 Misc. Disbursement ROLLOVER TO TIME DEPOSIT NORWEGIAN KRONE (79.860) (13.56) (79.86) 575,000.000 13.56 79.86 Quantity (100,000.000) Period Value --Year-To-Date Value* --Local Value Current Period Value 0.00 0.00 Year-To-Date Value* EFTA01568573 --Per Unit Amount USD Local Value PRINCIPAL Amount USD Local Value 100,000.00 575,000.00 INCOME Amount USD Local Value Currency Gain/Loss USD Page 38 of 47 EFTA01568574 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 INFLOWS & OUTFLOWS Per Unit Settlement Date 12/23 Type Free Delivery Description JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.0000% DATED 12/18/2009 MATURITY 12/23/2009 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD 12/23 Receipt of Assets JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.2500% DATED 12/23/2009 MATURITY 12/31/2009 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD 12/31 Foreign Interest JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.2500% DATED 12/23/2009 MATURITY 12/31/2009 HELD BY LONDON TREASURY SERVICES 12/31 12/31 Misc. Disbursement Free Delivery REP: ROLLOVER TO TIME DEPOSIT JP MORGAN CHASE BANK - NOK NORWEGIAN KRONE (575,079.860) LONDON TIME DEPOSITS 1.2500% DATED 12/23/2009 MATURITY 12/31/2009 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD 12/31 Receipt of Assets JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 0.7500% DATED 12/31/2009 MATURITY 01/07/2010 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD Total Inflows & Outflows $100,000.00 $0.00 575,239.600 EFTA01568575 (159.740) (27.49) (159.74) 575,079.860 27.49 159.74 575,079.860 Quantity (575,000.000) Amount USD Local Value PRINCIPAL Amount USD Local Value INCOME Amount USD Local Value Currency Gain/Loss USD Page 39 of 47 EFTA01568576 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 TRADE ACTIVITY - Norwegian Krone Per Unit Trade Date Settlement Date 12/18 Type Settled Securities Purchased 12/18 Purchase Description JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.0000% DATED 12/18/2009 MATURITY 12/23/2009 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD Quantity 575,000.000 Amount USD Local Value 17.40 100.00 Market Cost USD Local Value (100,000.00) (575,000.00) Currency Gain/Loss USD Page 40 of 47 EFTA01568577 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Portfolio Activity Summary Pound Sterling PRINCIPAL US Dollar Value Current Transactions Beginning Cash Balance INFLOWS Total Inflows Income OUTFLOWS Total Outflows Tax Payments Ending Cash Balance * Year to date information is calculated on a calendar year basis. INCOME US Dollar Value Current Transactions Beginning Cash Balance Ending Cash Balance * Year to date information is calculated on a calendar year basis. Period Value --Year-To-Date Value* --Local Value Current Period Value 0.00 0.00 Year-To-Date Value* --Period Value -2.79 $2.79 (0.28) ($0.28) -Year-To-Date Value* -12.41 $12.41 (1.26) ($1.26) -Local Value Current Period Value 7.85 EFTA01568578 1.70 1.70 (0.17) (0.17) 9.38 Year-To-Date Value* -7.95 7.95 (0.81) (0.81) -Page 41 of 47 EFTA01568579 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Portfolio Activity Detail - Pound Sterling INFLOWS & OUTFLOWS Settlement Date 12/7 Type Foreign Dividend Description BP PLC HELD BY JPMORGAN CHASE BK LON ISIN GB0007980591 SEDOL 0798059 12/7 Foreign Tax Withheld @ 0.094577 PER SHARE BP PLC HELD BY JPMORGAN CHASE BK LON ISIN GB0007980591 SEDOL 0798059 TAX WITHHELD UNITED KINGDOM 10.00% Total Inflows & Outflows $2.51 $0.00 (0.170) (0.28) (0.17) Quantity 18.000 Per Unit Amount USD Local Value 0.155 0.094 PRINCIPAL Amount USD Local Value 2.79 1.70 INCOME Amount USD Local Value Currency Gain/Loss USD Page 42 of 47 EFTA01568580 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Settled Foreign Exchange Contracts Currency Trade Date Settle Date Counter Currency Trade Related AUSTRALIA DOLLAR U S DOLLAR NORWEGIAN KRONE U S DOLLAR Dec. 11 09 Dec. 15 09 Dec. 11 09 Dec. 15 09 AUD USD NOK USD 109,529.02 (100,000.00) 575,000.00 (100,000.00) 0.913000 5.750000 0.913000 5.750000 (100,000.00) (100,000.00) 100,000.00 100,000.00 Amount Counter Amount Contract Rate Revaluation Rate Contracted Base Amount USD Revalued Amount USD Currency G/L Page 43 of 47 EFTA01568581 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 In Case of Errors or Questions About Your Electronic Transfers. Contact your J.P. Morgan Team at one of the telephone numbers on the front of this statement or write us at , 1/OPS, Newark, DE 19713-2107 as soon as you can, if you think your statement is wrong or if you need more information about a transfer on the statement. We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared. (1) Tell us your name and account number. (2) Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is in error or why you need more information. (3) tell us the dollar amount of the suspected error. If you contact us orally, you must send us your complaint or question in writing within 10 business days in order to preserve your rights. We will investigate your complaint and will correct any error promptly. If we take more than 10 business days to do this (20 days for purchases using your debit card or for international transactions), we will credit your account for the amount you think is in error, so that you will have the use of money during 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 transaction on your statement including a line of credit transaction, you must write to us on a separate sheet describir the error and send it to: J.P. Morgan's Private Bank, , 1/OPS3, Newark, DE 19713-2107. We must hear from 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. Please review your account statement and promptly report any inaccuracy or discrepancy including possible unauthorized trading activity, unrecorded dividend payments, and unaccounted cash positions in writing to both the introducing broker, JPMSI and the clearing firm, JPMCC at the addresses shown on your statement. Any oral communication should be re-confirmed in writing to further protect your rights, including your rights under the Securities Investor Protection Act (SIPA). If you have any questions please contact your JPMSI Account Representative or JPMSI Compliance Department at 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 explanation, if you can, why you believe there is an error. If you need more information, you must describe the item you are unsure about. Page 44 of 47 EFTA01568582 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Important Information about Pricing and Valuations Certain assets including but not limited to, pooled private investments, non - publicly traded and infrequently traded securities, derivatives, partnership interests and tangible assets are generally illiquid, the value of which may have been provided to us by third parties who may not be independent of the issuer or manager. Such information is reflected as of the last date provided to us, and is not independently verified. Prices, some of which are provided by pricing services or other sources which we deem reliable, are not guaranteed for accuracy or as realizable values. Market value information (including without limitation, prices, exchange rates, accrued income and bond ratings) furnished herein has been obtained from sources that J.P. Morgan believes to be reliable and is furnished for the exclusive use of the client. J.P. Morgan makes no representation, warranty or guarantee, express or implied, that any quoted value represents the actual terms at which transactions or securities could be bought or sold or new transactions could be entered into, or the actual terms on which existing transactions or securities could be liquidated. The current price is the value of the financial asset share, unit or contract as priced at the close of the market on the last day of the statement period or the last available price. All values provided for structured yield deposits (for example, JPMorgan London Time Deposits) reflect the original deposit amount only. The current value for Real Estate, Mineral Interests and Miscellaneous Assets may not reflect the most current value of the asset. Valuations of over-the-counter derivative transactions, including certain derivatives-related deposit products, have been prepared on a mid-market basis. These valuations are indicative values as of the close of business of the date of this statement and, except as otherwise agreed in writing, these valuations do not represent the actual terms at which transactions or securities could be bought or sold or new transactions could be entered into, or the actual terms on which existing transactions or securities could be liquidated as of the date of this statement. We do not warrant their completeness or accuracy. These valuations are derived from proprietary models based upon well-recognized financial principles and we have, when necessary to calculate the present value of future cash flows, made reasonable estimates about relevant future market conditions. Valuations based on other models or different assumptions may yield different results. J.P. Morgan expressly disclaims any responsibility for (1) the accuracy of the models or estimates used in deriving the valuations, (2) any errors or omissions in computing or disseminating the valuations, and (3) any uses to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. Please refer to the trade confirmation for details of each transaction. Please review your statement promptly and report any discrepancies EFTA01568583 immediately to an account officer whose name appears on the contact page of this statement. The JPMorgan Funds or The JPMorgan Institutional Funds or The American Century Funds Shares of the funds are not bank deposits and are not guaranteed by any bank, government entity, or the FDIC. Return and share price will fluctuate and redemption value may be more or less than original cost. While the money market funds seek to maintain a stable net asset value of $1.00 per share, there is no assurance that they will continue to do so. The estimated annual income and dividend yield figures for mutual funds represent the funds' most recent income dividend annualized. The distributor of the JPMorgan Funds is JPMorgan Distribution Services, Inc., which is an affiliate of the Bank. The Bank and its affiliates receive compensation from JPMorgan Funds for providing services. American Century Investment Services, Inc. is the distributor of the American Century Funds. American Century Investment Management Inc. serves as investment advisor to its respective fund family and receives compensation from that fund family for providing investment advisory and other services. Page 45 of 47 EFTA01568584 GHISLAINE MAXWELL ACCT. For the Period 12/1/09 to 12/31/09 Important Information Regarding Auction Rate Securities (ARS). ARS are debt or preferred securities with an interest or dividend rate reset periodically in an auction. Although there may be daily, weekly and monthly resets, there is no guarantee that there will be liquidity. If there are not enough bids at an auction to redeem the securities available for sale, the result may be a failed auction. In a failed auction, there is no assurance that a secondary market will develop or that the security will trade at par or any other price reflected on statements. Accordingly, investors should not rely on pricing information appearing in their statements with respect to ARS. Additional Information About Your Accounts Securities purchased or sold through JPMSI (1) other than mutual funds, are cleared through J.P.Morgan Clearing Corp. ("JPMCC"), an affiliate of JPMSI, and (2) other than exchange-listed options, are held in your Asset Account at JPMorgan Chase Bank, N.A. Positions in exchange-listed options are held by J.P.Morgan Clearing Corp. and are not delivered to or from your Asset Account. For your convenience, however, positions in exchange-listed options are presented in this Asset Account statement together with other assets held in that account. All pertinent information about your settled and pending purchases and sales effected through your JPMSI account during the period covered by this statement, is summarized in the "Trade Activity" portion of this statement. You should have received separate confirmations for each securities transaction. All transactions are subject to the terms and conditions stated on the reverse side of such confirmations and are subject to the constitution, by-laws, customs and interpretations of the marketplace where executed and governed by and construed in accordance with the laws of the State of New York and all applicable federal laws and regulations. Further information with respect to commissions and other charges related to the execution of transactions, including options transactions, has been included in confirmations that were previously furnished to you. Upon written request, JPMSI will promptly supply you with the latest such information. Shareholders of certain JPMorgan Funds are charged a redemption fee equal to 2% of the proceeds if they exchange or redeem shares of such funds within 60 days of purchase, subject to certain exceptions set forth in the prospectus of the applicable Fund. Please consult your J.P. Morgan representative for a list of the JPMorgan Funds that impose redemption fees. JPMCC and JPMSI are members of the Securities Investor Protection Corp ("SIPC"), a not-for-profit membership corporation funded by broker-dealers registered with the Securities and Exchange Commission. Securities and cash held for a customer at JPMSI and JPMCC are protected by SIPC up to $500,000 per customer, which includes up to $100,000 of protection for cash. SIPC does not protect against losses from fluctuations in the value of the securities. Assets held in custody by JPMorgan Chase Bank, N.A. (the "Bank") are not subject to SIPC. You may obtain information about EFTA01568585 SIPC, including the SIPC Brochure, on their website, at "www.sipc.org" or by contacting them at (202) 371-8300. To the extent applicable, please read the following disclosures regarding estimated annual income (EAI) and estimated yield (EY): EAI and EY for certain types of securities could include a return of principal or capital gains in which case the EAI and EY would be overstated. EAI and EY are estimates and the actual income and yield might be lower or higher than the estimated amounts. EY reflects only the income generated by an investment. It does not reflect changes in its price, which may fluctuate. JPMSI, JPMCB or their affiliates (the "J.P. Morgan Companies") may provide administrative, custodial, sales, distribution or shareholder services to JPMorgan Funds, American Century Funds, or funds established, sponsored, advised, or managed by third parties, and the J.P. Morgan Companies