EFTA01508810.pdf

JPMorgan 0 Private Bank FINANCIAL TRUST COMPANY INC ACCT. O30171005 For the Period VIM to 2/29/08 JAWS, a the cuiPoditta dlisted caons and most enutoal tunes mActing bled partynvh.rat funds. pacheaecItacatatJP&ISI You shouldI haverecereedsepare*JPIASI confirm:Mons ter each secuntestransachon An bansactons we su4ect So the terms and condbons stated on the reversescle of stchconfamabons and we sublect to the consbluton bylaws customs and ireerpretabonsof the merSetoksOewhereexecutedand govemelby and Construed in accadatmemM the Om of the Stated New YOrk and . OppAcaMefederallews ndregulations Further infamaton with respxl to (campaigns and other Marrs reiatedto Ife mecca:not Dansectons rncbthng options bansactoons has been axkded n contrmations Met were prmousryfurmshed to you Upon mittenropiest JPMSI wW promptlysupplyyou with the obit such information Snatenoaasci oertanJPM Funds secharged a redemptory leo squat to 2% ad* proceeds if they eAchenctea redeemstwesot non funds w.tho 60 days a purchase, Subject to °erten excephons set lath in me prospectus of the appticableFuni Feeseconsue you' JPMorgan representative°, a hest ot the JAW Funds that impose redemption fees JAWS sa mambo, of the Soca/Ass Investa Antection Capaatca (*Sart) a nate-pm& marbershm tapas:ion funded by latcaer-deaters repaslaradvatft the Sec untes and EAchangeCommtsvon Secaenn and cash heel la a cusknbre at JPIRSI we protected by &PC up to $50.000 per customer. which incbdes up to 5100000 aprotection for cash SPCdoes not protect fl ans! leases born Ituctstons in the nano( the set- aches Assets hat in custody by JPStagen chaseeduA. NA (the Sana)ece rot sutea b SIPC You may Dolan infarnelon about &PC. incAAng the SIPCEIrcchute on Me* webs*. et www sic apt' a by coaxing nom a(t202).371.8300 JP Wigan Secur, teoInc JPialaglin Chase Bank N A a thew anetes(Me Wager) Conpenealmeby aowcleadmnabebie CusMdel sees (MD oaten a Shecenackmemetis to JP0A0(gan Ronda Arnencen Century Funds. Or funds esta04shed &one:it'd adveed a managed by he'd pates and the Morgan Companes may be conzensatcd te such sawoes Explanatron of JPIASI RatingS: JPMorgan uses Me lataiing retry' system Overweight. Oita the next sa to twelve months we expect this atoca Pat outpeacan the average tOtalfetuni 0/the sICCI‘S m the anaysta (a theshays:4 leemb)COvelsge Unfree.* Neutral Cva trio rant six to Mahe months he expect Ms stocA weal madamin Me mth the average Iolatslum al the stocAs it, the analyst's (ce the analyst's learn's)carerege aria se Undenveogni: Over the next sac to hveAte months ire aped m., stock sine under perkrm the average leattliefuln of the stocks in the anaysta the analysa teamaaccietyne unit se. Independent Research Rating.: !PSIS! does not crakes* or otherwise adopt the IndependentResecediFtowdaresearcheni/a ratings afferent frms uses vemetyof tangs tams as wen as thlTeventrahngs syskrra to descnbettxe recanrnenclatons JAMS! uses a "relabreratneS 3,1fen 03 ciescopea above FRP.may use a differentraMos Wec•M WM as as an .60404Jite-ratmg5 Syafeen and use such terms a, 'buy' Told". a 'set Soca 'retatveend 'absokbe'raftngs systems ere fundamergaydelerent )ou ShOtad reed ova". clanbans of an tangs usc.dmthe JPUSI and IRPreseach that a included n the rimeachitsa Fe Ina reason and since the ,eseardi contains the taus fa the tangs as med as complete saarrnekoncanceenmg Ire anaysts yews pad should read catefaky the researchand not it its contents from therang Wore JPMagen Anat.Bank is the marketing name fa the pm-ate bankinIs business conducted by J P Morgan Chase it Co through Is subsdartes notwide melding JPIAcrgen Chase Bank NA JP Megan Trust Company NA and J P Megan Securities Inc Account O30171005 Page 14 of 14 Page 15 of 20 Confidential Treatment Requested by JPMorgan JPM-SDNY-00034172 Chase CONFIDENTIAL SDNY_GM_00303370 EFTA01508810