EFTA01512190.pdf

JPMorgan 0 Private Bank FINANCIAL TRUST COMPANY, INC. Account Number: Q 78805-00-1 August 01, 2007 - August 31, 2007 JP Mapen Sepia& Inc JPMagen Chasegenk NA a the, a/Metespc. lAavan Cothoenealmayptovaleedmoustrahre custodhs sake MO enexn a sharehadhstevoces to JPMorgan Funds. Amer/can CenturyFunds a calabash& sponsored &Nate( a tonged by Med paths end Me Mown Companies Troy be conpansased tor such mmo& enwanation Of OMAN Ratings: JPMagen uses 1, laamng 'sing system Overweight: Paw the, nets& to Mete months we expect this steal( wi outperfam The average total retum of the stocks in Me shays?", (a the analyea Nana) coverage unease Neutral: ev, me hart sag loaner* means .na maid This sere wrapetm M one mth the *vane Iota , P fig et Me saxes .a ate eneysts (a the analyst's leemNcoverege Genets* uneenveigN: Over the not sA lo lweke months we expect this stock we' undemperfam The average NMI mean of the Naas .n the weals (a !heanalyst} fearrts)caretage inverse Independent Research Ratings: JPMSI does not codas* a OfrateWISOadcp: the InciseendentResearchAmacrresevm eada 'en?: Dtfteterdirm: use a wanetycl tangs ANTS as atlas differentatngs sysbnu to deSCrabOthef tecommenctabons wee a iculitataatrNa systems' descnbeclaboa naPs may use addluvenf reaps system such as as en labso/ufe-wthal system and use sect terms as 1,m." Mad' 'see'. Save At etstveend labaaule'resUgs systems se iltexikenendeVeydffeenf you shOu‘i, eed teendily derWOLS or se ratan used m the JPM$t end RRIOSOSCh that a inaldfld VI the tosowch 430 Fa Ins , e0s,a, and since the heetech contains Me bests la Me reaps as era as complete inkanaeon concetang Ire anaysts aews )Cu Moue reed caumgy the mateech and no; ,rikr its ccatents horn the retvg store JPVcroan Awede Ilard‘ us the 0710fisetill; name la the tamale Mang business conducted by J P Morgan Chase & Co thrown es subschaees actwde enckadnd JPIAcrgan Chase Rank NA.. J P Mown Trust Company NA and .0 P Woven &scathes Inc Page 10 of 14 Confidential Treatment Requested by JPMorgan JPM-SDNY-00038036 Chase CONFIDENTIAL SDNY_GM_00307234 EFTA01512190