For the Period 5/1/11 to 5/31/11 Consolidated Summary INVESTMENT ACCOUNTS Asset Allocation Beginning Ending Change Market Value Market Value In Value Estimated Current Asset Allocation Annual Income Allocation Equity 31,171,841.38 31,259,963.72 88,122.34 972,366.75 41% Alternative Assets 4,681,750.00 4.677.790.00 (3,960.00) 3,000.00 6% Cash 8 Fixed Income 43,319,693.15 40,566,098.88 (2,753,594.27) 2,692,144.47 53% Other (1.477.653.09) 000 1.477.653.09 Market Value 377.695.631.44 576.503.852.60 ($1.191/78.84) $3,667,611.22 100% Accruals .137 466 04 47396153 36 493 48 Market Value with Accruals $78.133.099.48 $76.977,814.12 ($1.155.285.36) Portfolio Activity Current Period Value Year-to-Date Value Beginning Market Value 77,695,631.44 73,399,279.03 Net ContributionsWthdrawals (1,326,716.79) (1.513,320.87) Income 8 Distributions (830,839.55) 379,223.10 Change in Investment Value 965.777.50 4238.671.34 Ending Market Value $76,503,852.60 $76,503,852.60 Accruals 473,961 52 473.961.52 Market Value with Accruals $76,977,814.12 576,977,814.12 AlleinaliVO Assert This Consolidated Summary shows all of your investments at J.P. Morgan other than investments we hold in trust for you. These investments may be held in custody or investment management account at JPMorgan Chase Bank. N.A. (the "Bank") or in a brokerage or margin account at J.P. Morgan Clearing Corp. ("JPMCC"). Brokerage and margin accounts are nondiscretionary and all investment decisions are made by the client. J.P. Morgan Securities LLC ("JPMS') does not provide advice on asset allocation or investment management services, nor do its personnel take discretion over any client accounts. Such advice and services are provided exclusively by the Bank. J.P.Morgan Page 2 of 41 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-000 14784 SDNY_GM_00283982 EFTA01492199