EFTA01503350.pdf

Ikeemher 01, 2004 - ZORRO TRUST December 31, 2004 Primary Account Number. JPMorgan Private Bank Page 3 of 3 Important Information about Your Statement Personal accounts are subject to the Deposit Accounts Agreement or the General Tams For Accounts ;tad Services. Business amounts are subject to the Terms and Conditions for Commercial Accounts or the General Terms For Accounts and Services. Your accounts, unless otherwise indicated on the statement. are held by JPMorgan Chase Bank. NA. (the "Bank") Deposit accounts held at the Bank, including checking. savings, CD, and money market accounts, arc FDIC insured. In Case of Errors or Questions About Your Electronic Fonds Transfers (personal accounts only! Telephone or ante to the Bunk if you think your stational or receipt is wrong. or it you need more mionnation about an electronic transaction on a statement or receipt The phone number for inquiries is printed on the front of this statement The address for inquiries appears below. We must hear from you no later than 60 days atta we sent you the FutsT statement on which the error or problem appeared. • Tell us sour name and account manba. Plebe direct all inquiries to your Morgan Account Officer at • IN:scribe the mar or the transfer sou arc IMSIIM ghoul, JPMorgan Private Bank Client Service and explain as clearly as you can why you believe it is an 500 Stanton Christiana Road, I/OPS3 error or why you need more information. Newark, DE 19713-2107 • Tell us the dollar amount of the suspected error. We will investigate sour complaint and will correct any error promptly If we take more than 10 business days to do this (20 business days for transactions outside the U.S. and point-of-sale transactions), we will rccredit your account for the amount you think is in emir so that you will have use of the money during the tune it takes us to complete our investigation. In Case of Erron or Questions About Non Electronic Transfers Please examine your account at once if you feel an error has taken place or have questions concerning a non-electronic transaction. telephone or write us within MI days. The phone number is printed on the front of this statement The address appears above. lino report is received within this period. your account will be considered connect Mutual Flinds/Securitia Securities (including Mutual Funds) and annuities are not bank deposits and are not FDIC insured nor are they obligations of or guaranteed by JPMorgan Chase Bank, N.A. or its affiliates or any federal or state gm ernment or goverment agent) or government sponsored agency. Securities (Including mutual funds) and annuities invoke ins an ment risks, including the possible loss of the principal amount Invested. The distributor of the lilviorgan Funds is .I.P. Morgan Funds Distributor. Inc. which is not affiliated with the Dank. the Bank and its affiliates receivecompensation from the JPMorgan Funds for providing services to the funds. Raid the ;Morgan Funds prospixtuses carefully for details including fees and (Naomi, before investing or sending money. JPMorgan Select Shams of the Connecticut Daily Tax Free Income Fund. Inc. and JPMorgan Select Shams of the New Jersey Daily Municipal Income Lund, Inc. arc not part of, or affiliated with. the Jilviorgan Family of Mutual haus. Reich & Tang Distributors Inc. and Reich & Tang Asset Management L.P.. which are unaffiliated with WMorgint an: the funds' distributors and investment advisor. respectively. Reich & Tang Distributors Inc is a member NASD. IRA Accounts Accounts 'shore the Bank serves as trustee or as discretionary investment manager for an ERISA phial or an IRA that hold Fiduciary Shams (as described below)do not bear any portion of investment administative.cuilodian or other charges paid to the Bank or its affiliates for services to the applicable JPtsforgan Funds since these charges arc subject to rebate as defined blow. For accounts where the Bank serves as trustee, or discretionary immunent manager for an ERISA plan or an IRA. which hold shares in the JPMorgan Funds other limn Fiduciary Shares, the Bank receives fees for services from the JPMorgan Funds but waives account fees with respect to the funds so held Fiduciary Shares are shares in the Select Shams class of 'Morgan Tax Aware Large Cap Value Fund, JPMorgan US Equity Fund, 'Morgan Tax Aware US Equity Fund, WMorgan Tax Aware Lane Cap Growth Fund, JPMorgan Mid Cap FAO. Fund. 1PMorgaiTrost Small Cap Equity Fund. ;Morgan Fleming International Equity Fund. JPMorgan Short Term Bond Fund II, ;Morgan Bond Fund II, 'Mown Tax Aware Enhanced Income Fluid, .1I'Morgan Tax Aware Short-intermediate Income Fund. JPMorgan Intermediate Tax-Free Income Fund. JPMorgan Tax-Free Income Fund. JPMorgan California Bond Fund. JPMorgan NY Intermediate Tax Free Income Fund and JPMorgan Ni Tax Free Income Fund held in the Bank's mist accounts or in the Bank's investment management accounts for ERISA plans or IRAs. 'Rebate means an amount returned by the Bank to the account which holds the Fiduciary Shares. The rebate amount represents the portion of servicing foes paid to the Bank by the mutual fund with respect to Fiduciary Shares. Confidential Treatment Requested by JPM-SDNY-00027958 JPMorgan Chase CONFIDENTIAL SDNY_GM_00297156 EFTA01503350