EFTA01509014.pdf

JPMorgan Private Bank FINANCIAL TRUST COMPANY INC ACCT. Q30171005 For the Period 9/1/08 to 9/30/08 The a/organ Funds or The JPelorpon Institutional Funds or The A ~can Century FUndS Shares cl Ilse funds one not bank deposits and we not guaranteedby any bank goiteenrrenl they or Me FDIC Return and shore pone me ants* and ratempban votermy be note re loss than cetanalcost Web the money market/ends seek to mania'', a stet* net easel velvet,/ */ CO per shore there is no assarBoar that they suS Costs's* to 00 so The estimeKKIannualnacos and dthdend yea:Irv/asIct mutual funds repre$enIthe funds' most omen'income dhodendennuated The distribulat of the JPMorgan Funds a JPMorgan Distributor, Services. Inc. Meth is en efftelea/ JPAINden Chase Bonk NA !Pittston Chase Bank NA and as &Weft re the compensation tom !Pat -pen Funds kr proveltne seems Amass° Century InniebnentSavaes. Inc a the OtStobt4Or of It. AmencianCennayFunds Anwan Canary Inr•StrnentMentgernontInc saws es wheaMent &MSC.' to as nepetbathend larehteret tonetesccmpeasetton then het( fund temoh, to peeping etwestmen1advesoryead hew scams Inpnlant InfopatronlatardeNAucbon Rate Seaways (ARS) ARS we debt a pratnodsecurest mat an interest cr dreamt rate resetporedcaten an section Alressugn Owe may be daily weeklyand monthly resets there is no gunnteethet Mere wer be today If Mere wend enough bds at an tette" to redeem the securities enettebletcv sate the rata may tea failedWaal Ina haledSidon These a no assigns that a seteoderrsket w4 desstpor Mat the 'essay waY bade at per or anyother pea 'electedon ableneras Accordney. shales should na rely on prang nbmeson appoa nom then&aPirent9 with respect to ARS JPIASI at the custodian aMedcpiOne and most mute; funds. vtbekno that Pear mai funds Punnetitdetroben /MASI Youmust acuities, stherse!PUSIof trafenalchansess m sow armament catchesa fonenceistetson unless souintern!NISI otherwise. !PM& ha wader Me warm:Moncurrentlyin 42 tikes to be complete and tante You should hateresewedseparabATMSJconhrmetins kr each securities transoceon NI tonsecbons ore subject to the kerns end condtons stated on the rimeraoado of such cmArmiebons and are subject to Me constottgos bytes customs and intermit tons of the matkettoewhere executedand governed by and conseued n enttedence with the Imes d th9 SISSY Of New Yak and at app&CSOMMOstellsvos and 'options Further attmatiCh mth respect to ConisnoS.Ons end other target related 10 the eieCuSon d transacItsa mauling options esanSeasana has been onchalsd in corismosons trial soreprossoss&hemnod to you Upon wan !squint isle& eta p vlly supply yen and, the WWIsuch sternesbon SMineholdsmot certain!F%4 Funds *recharged.redetnatto Me tura* 2% of the proceeds d day exchanged netternSIMON ofsuo' funds eaten 60 days of puthatis SAW: tO mittern exceptionsset lathin the prospectus of Me appacableaund Reetwohnue your !Morganreivezentoberekr • IS of JPM Funds act impose 'Samson tea JAMS? is • tremble of the Ss:flea InvestorFtelecten Grant» f'SIPC1 • notaristobt inemborsh•ccepeetton handed by erokiralmaps rogistcrecletth the Secunties and ExchangeCominspon Socurriesand cash held for a customer et !ANSI foeprotected by SIPC up le 5700.000 per neskinter rich am:Surdas up to 7100.000 of protecbort kt cash SIPC does not protect against losses tont (tauter:me in the meteor the sec.totes Assets Meld in custody by JP1forgan ChaseLlank NA (Me Sena)atonal sated to SIPC Youmay04400 etnerIb011*bout SIM wand the SIPC&schwa on thewwebs* at Name *pc one' a by 0 301. 209 ben at (202)371-0300 JP Slinstli Stiosbe.lne. JPSIOnbenCh•SOBONt NA (r MeeNrshekoffhe 'fittgen COmpentealmeyanatdeedininaSIOne Weedier sees oistrtax)n a shiver*kit arovoteStO JPOikrglenFonda AmeriCetnCenturyFundS. Or funds eishebealled spCASCred. lithISSO. menteedby thrd palms. and the Wien Companies may be componsabxl be such sermon JPMorgan Aware Bank is the instating name fa me pivot* banking buSISISS conduced by J P *Spas Chas* &CO WOWS as ssesdtsnes betilheee 06,449 JPMorgan Chase Beak NA wail PNaga Satan /nc. Account Q30171005 Page 11 of 11 Page 12 of 17 Confidential Treatment Requested by JPMorgan JPM-SDNY-00034415 Chase CONFIDENTIAL SDNY_GM_00303613 EFTA01509014