0 1 2004 Account Number: FINANCIAL TRUST COMPANY INC January 01, 2004 - January 31, 2004 J.P. Morgan Securities Inc. 270 Park Avenue. New York. NY 10017 JPMorgan Private Bank Margin Account Portfolio Page 53 of 53 IMPORTANT INFORMATION ABOUT YOUR JPMSI MARGIN ACCOUNT II there are any ends or omissions on this malement, or If you have any questions about Mete comer yourOlaf AccountRePre80840V4 or JPMSI Compliance DeParranne at an/ 483'2323. Please keep the kabwmg m nod when using Mrs statement lo track your !PAIS, brokerage actvfy This shaternent combines )out general nation account roM the special mermeandum emend requeed by Seaton 220 6 Regulation T reinsced by Regubbon T a peneneni reared ayes separate account as Met,* won has request. Important MIOnnettOn about flaking end Valliant Prices some of wench ere provided tar cing seraces a other sonatas *Inch we deemrattans we Oa gustenteed Ia scanty or as reMzebas nnves Free credit Mantes in yon at-Count we not segregate/ and may be used in the canton of JPMSIs busoess subject to Na Inagua, Of SEC Rule 1503-3 (Mien ahem.° insbycled. JPMSI et as agents and depcmIcnes me hold )w aecurbes Upon yew demand. JPIASJ tot pay to you the amount of )ote free csecul bebnce and wig denier to you fogy-pad searnTes hell on yeti behind InteeSt way bechested on any debit balance Me meM00 Of cakulating Citadel!s desonbed iota letter sent bad me/gm cus(onws Upon engem:quest JPMSI col Isupply you with Ot/ most recant statement required to be furnaned to customers under SEC Rub 17e-5(c) We paten pun made with respect ban owe of goatees included M your lane, Account we mil elbcete the oaf by • method we doom tbr and equitable You snood have mcaved separate JPMSI trade contrrnebons Ia each secuntes transaction AO tansachons are subject both* Wee and conatons sad on Ira reverse MCP of such contomations and are subject foam consbula by-laws abtorns and eVerprislatmns of Me marketplace n two moaned and governed by one construed m accordance wan the laws of the state of New YCIA and et aoscabb babel dens and mgutebons You mint promptly *dm* JPMSI ci metered changes in your miestment awakes co' Miaow aluanon Unless you Scam JPMSI oMerwae JPMSI wit consider me oforrnabcn cogently in ds tiles tone cornOte and accurate JRPASI AS mused by taw to repot to the Internal Revenue Service andrvaants amlbr interest Mean, on bonds gadded to you account Sting calendar yew Please r elan allmre statements to as: is! you in preparing you acme tat returns A Mena a I statement of SUSI us available farms personal especbon alas tines a a copy of/ wat be cabled upon yet written request. JAMS/ a no I a bank and a a separate legal enby from dibank a Meat affibseed mcluthng JPMCI3 The securities sold aimed a recommended by JPMSI ft) Are net ma ed by the Federal Depcmt Insurance Comoreback a any otfie goverment& agency 0 Are not deposits a other obegalons a JPIOSIa Dann or Waft aff Aates (unless otherwise mdcebd) and ere not guaranteed by a the responsitntrly of any such efgebt(uniess evIcely staled otherwise) and Menthe investment risks eckenig possible loss of the enemas, omeskd JPMSI batwing affthates may be lenders to issuers of sects boa Met JPMSI unclerwrges in whits 0330 ix °ands of db./vs undo-1.0bn by JPMSI may be used W be repayment ofsuch loam and you shouts rata to the deobsure documents retting to particular securtes kr discussion of any such lending reielionships The Federal Reserve reQUIOS that JPMSI Chan yew Consent before a Can Men certain m1yne1on band, bank a Uwe eTheates. incerchng Mew credit evsfUenon G./ you We wa assume Miaow continuing to trilliaad bu}ne3.1 men JPMSI war COnstrtub your Cement to Me instep of such mfoorebon by JPMSI and its bank or Wit aftWaba loge evWi eernMted by taw JPMorgan Pr wale Ben& a the markong name tor the prweb benbeng busmen COnduCte/ by, /PMOrgan Cane 6 CO through as Subaaleflea waldnide .nCfcchn9 'PUCE andAPMSI Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00031542 SDNY_GM_00300740 EFTA01506554