JPMorgan Private Bank JEFFREY EPSTEIN Account Number December 01, 2007 - December 31, 2007 You snot, Yif na.ewenedsega,wr CCO.VP;4),C.C• fat eaChSeCtontOS VamsaCton AV 3rwsacliona ate subioci to the tams and cordtoos stated on Me reyevSeSole Of SuCn coriternelons end aro SubjeCt CO be COnSttnytOn by-laws custorro and (niorprelatonsof the ina Oa( place *note e.ecuted and ee,tvned ivy and ainseued n acccedance wilt the laws of the Stale of New Yak and at (*plead° fedaallaws and regulations Further "ten-aton nen respect to commamons and other &woes r Sated to the esecufron of bansothons inckidtng Wens aosectons has been oClitiled in confrrne3ons met were beevousVuenened10 yOu (Men *Niel, request JPMSf wnv CoOn011Y SuPPIY )W rote, the West Sue" ofnefnekn, SlurehoOW ace eaten JP14 Funds afeCtrepela tedemphon fee °goal lo 2% of the pecceeda IneyexCbangeor 'Seems/wee of such funds wittnn 60 days of purchase sub,ect to caftan exceptions set lath in the piespectus a The appecabbrund PaseconstnY your JAMort700,WKwedootatveror e.Au of the JPM Funds mat impose nexlempton fees JPMSI is a member of the SeCuntres Invedl0r Protector, COfpCrOban r&PC") a nobforproM Inenbenhy)COrpcy Oben funded by brOkerdelOIS (enteredwith me SeCvntoki and ExctrengeCornmasvn Securrtes and Oath held !Of a CialtIner Of JPMSI we pot:0CW by &Pews to $500 OCO pa r customw winch include up to 5100000 ofpetecton kr cosh &PC does not prefect eaenst losses from eloctuatons in 0e valued to socurrtes Assets bold in custody by JPMorgan CaineBank N A one Bank") aro not subject to WC You may °Nem meamaben about WC Anctuchng InvSIPC&ochure 07 thee webs4e. at *www swc ore' by ccolactme them el (204371-8300 JP Hagan SecuritiesInc late...gen Chase Sank. NA or tee, &Waged oho WcteanCceloanes)mayproveleadmintstatne custodial :alas deJibuhon co sly/chat:tee servces to JPMcr eon funds Annan Conlin Funds at funds a:Wt.:hod sponsored advised. Managed by lord pain end Me Morgan Companies may be COwy>en4Vedke such se woes JPMcrgan Pm** Bank es the marketing name for tie gnat berdina busmen condtctel by I P Mclean Chase S Co through its subsdrenes aretdwde Antiudng JPMagan Chase Bank NA JP Morgan Trust Company. NA and I P Molten Securttes Inc Page 6 of 6 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00006256 SDNY_GM_00275454 EFTA01485002