EFTA01511885.pdf

05 2005 JPMorgan Chase Bank, N.A. 345 Park Avenue, New York, NY 10154-1002 II3 JPMorgan Private Bank Account Number Asset Account Portfolio Page 10 of 13 FINANCIAL TRUST COMPANY, INC. May 01. 2005 - May 31, 2005 If Sou hews chosen prod the sneep nuked funds ton are notecd that point:ins in die Rene Money Market Steep Fund iecresent riokliNs .n the JPIAr pen Anne Money literAN Fund pesos .n the Federeittoney Market Sweep Fund retresentboddnvs in the JPMorgan FeclorelMoneyMorketAvnl and positrons in the re. Exempt Money Menket Stepp Fend nsetnesnahoMindit in theIFIAOrdno Tav &Aron, MOOSY Mark. , FAnd JAN& rs the custodian of ',seed options enclave mutual funds sciLding thed petty mutual fonds Anchasedttrough ADM& You shout thentreceniedsepereteJAMS1conf✓melons for each securities Venseetwso ANIransections ere piped to the ternu end coodtesrd steSed on the anteseside or surd, <alternations and are sulyect to the Chriatiotort brIews flab/re end mterprelebons of the maketptece whore arocutedand powernol by and construed in accordance with the tens althea Stag of Now York and at epolcabletederallews and togritaSons Purina pectination nigh respect to commosions and othee charges related to the °Apennine, or transadtons exeudergopeons 6'4040dt:fix hes been tncluded in ccinfrmekins that were aonoratylurnished to you Upon written request (PUSS eh promptly supply Ku net the blestsuch onlohnetion Sherehodetser certain JP1A Funds recharged et redemptce (coequallo "of the proceeds A theyexchangeor releemshares or such funds within 60 days ofpathese su&ect to oaten enceptions setbflhin Me prospectus of the appAcatOefund laciexconsuA your JPMapan repiesentistrakt a Ad of the AM Funds met nerose redeem/ion/eft JAM& is a marribord the SeCont*SInieakitAtOteliOn Capcnaticor&PC7 a notnoriaoh nnonbershocorporetrai 040 by bralwideatoesnevisterectnitn the &conies and ExchierveCarmiss on Socvnnesand cash hnt lore cusfornor account at JPMS, ant ptonxted up to he dal net equity of each account The first3500000 aerated= who, includes up to WO MO of pfteat for cash is ploy des'by &PC As of March XiOit the balance of the protection is prorded Dy a weer Excess &PC Spey Bond issued by Customer Asset Protection Company &PC and Wen S/FCreotecton do not protect against Kettei NonIIvttWLpa el me netted the sear,des Assets herd m Unto* Dy.IPhk.pan Chase Bank NA (the ttank)ere not sut.ect IC StdC a en Cess SfFCOoleshon JP Mogen Secuttes Inc JPIAdrpen Chase Bann NA ache affintaesdherMagan Conlortnieslmay provide eclmniaretnie custodial saes dobitotion or shareholder soncos to JPMacien funds Amman Cardinfunds a funds eztonkshect sponsored atened a mandOectbY thrd perheS and the Mogen Convenes trey be consoensdted for such seneces JPittnan Reale Bank NA is the marketing name for ere private Donkey Diann., conducted by I P Morgan Chase & Co thrown sutordwins wardwdirt hnc. dvp JPMagan Chase Bank J P Madan Trust Company NA and JP Morgan &Kates Inc Confidential Treatment Requested by JPMorgan JPM-SDNY-00037722 Chase CONFIDENTIAL SDNY_GM_00306920 EFTA01511885