EFTA01511564.pdf

04 12003 JPMorgan Chase Bank 345 Park A% enue, New York, NY 10154-IIM2 JPMorgan Private Bank Account Number: Asset Account Portfolio Page 9 of 10 FINANCIAL TRUST COMPANY, INC. April 01, 2003 - April 30, 2003 IMPORTANT INFORMATION ABOUT PRIVATE INVESTMENTS: FOOTNOTES f • 3 Rirate Equity Hedge Funds Etcharge Funds Rest Estate and Other Afeenethe Assets I Died onve,eepwry nytestnents and pooled pls.investments (et rolorests in Amsted paelnershos and i~ast“ity CCenpanes)eregeneraoyAbquel securities Yates we estimatesCMend We not ntranted tor aCCur•CyOr COMpletensm Valifee00,101 feet/Men/ Me at tuartettra et *MC* hiplat'frOn3 Or flare., Could be bOuglit or soM a new transactions Good be entered into a Me aCtueNterni9 Co when O. ot,n2 DensaCtOns COM be spudelBdaS Or V* cIeS9 Of !Cs slaton.ne Died private efa LA>. inVeSblie0.5 are genpriatyvelu d el test unless thwe .5 en litbrosecondarytraclog market in tre seConbee m wife* fen dame: prhateeouty ilwastmmts an raked using nwliet antes as d the MS* of me lop bululatts clayb thd Statement paned Pooled porateed y ~Crewe. ere vaAi44 scooting to Me GeneealPartnetscv ~epees staled methOcIntoy In gen rat pool.d "MO equey uivestrrents skalat COO 00.939 a apnea°.Ism's!~ event occurs when mandates* ~Mond the investment The ', flat« feelh000109es PenteMYnciode an aPPrmalof ape unctenfrapassetS at the tows d oast craw ream.down amount at a yoke at which lard Carly finanong hm occumed at r. matel pen Ar ne actwo secondary markd deveMps. a ate vat» Ceti/fated by an ~pendent betty Finn refer to the &Mod petnershw *nomad. Ameod neadly company sproomenta other 0C4IONMOCurnentalon fOt nth irn*StrnOnt b me spec 6c vetoton nsathodokoy used by the Geneed Pwtnot a Manager la that .rNoarnon Morgan eiptermlychsclianss eny rospcnstaeyke (Who ~Jaya!~ information end II* methodology used try Me GenceelPaithroce Manage, o darwogvoluakol. (2)•nyorrcesor °mu snsns rumonad»; adisseetviatogme vektabons and ()tennis° to whin tru vatokins Ye pot Vatuatrons orsprowled k. mIcenwition purposes on ly and two 'Mended sototy for your own use Hedge funds eeratioyclikeetetne prce (laer Wet Asset Vdue-ce • NAY' 10-15 business days foltnene the last business day el me month Foe that ree.xn hedge fund NAY: shown wd genenges the NAV of the mare, remedy this staIered earod in general the NAY ts staled net of nenarenentand rncenhe fees The NAY w cakubled accordng b the GeneralPartners a Manna, : :Wed rrethodokey Plessetehe IQ Me &Mad pertneeshipagree~ dented Aabetycompony agresenenta other °native tdon for each hedge fundla the speedo valve:on methodology used by the Gonad Partne•or Menage, for that hedge fund ~WI C,11,10.551).CPSCaNtS any tosponsebay fee MM. ecaeacy of the inkrmaton and the methodologyused by the GcnardPartneece Marvg« o *flare vababons ( 2)anyerrors or ~sons in compare cc Msseennany the vakrations and (3)any use to what the valuabonstve put IfekraMsns wenondedfor mformattonpurposes only and are nedad solely for your own use For ExchanaeFunde the pox (Me Wet Asset VaIve-or WAV,includes Me if Me Of any nOnaketaDiesaCtiorin (Irat be valued~ c.5", e far yak* rnelhoddogy emoted by Me board of the Marvg« The Slet Asset Vetoe USD' reflects the Are dele used to finance Me non modsetetee »minaes. the non. makteateesemmbes end Me snap confrects used to ~ale the ~restrate rask between tne Rearm fate on the Wed aede and the teed tele of Me non-nwliefebteseaveree The Fad Can <New Donn on the Me of ore« b Pay ~en 'and meneeement fees at ,etcup or .0 Me went Met the dNdend ~cm, fern Me undera"ngSecvnbes0901, 01POT the expenses0f the Fund Tilis !,anesien don 4010r~de tav Wat'n9 on Poo* investments Seale Caere*10 rely upon Pe General Ratner a Maleg« «the creofrnent *{Miele for No mformebort Prices some of wrath ere ',roweled by peeing ~Aces a otnef sources at en no doom reastak, of guaranteed fa accuracy a as reazobe waives 2 Tr. *Capra' Cad Since tncophon OUT and tadvSocum'y do, tutons Since /ncopsnn USW oakum: we updated mrney b none° treaty (rapdl cane and d‘satubonS) lacy 3 Hedge funds generaayaasw subscoptons on a moralfly a quarkwlyt,55.5 Yaw.nenrestorancelpe fund a hedge fund of funds es generalya: of the fist busmen day el the subsoetion period Due b early fundiltg tee urements by the epplcabie fund pour account may te debited.Of the subsceebon amount pew to The sub:co:don date Peesefeke to tnt apPoccbC hedge foodb OPefa, nedGCOnentabOn , or further letsis Confidential Treatment Requested by JPMorgan JPM-SDNY-00037392 Chase CONFIDENTIAL SDNY_GM_00306590 EFTA01511564