JPMorgan Private Bank FINANCIAL TRUST COMPANY INC ACCT For the Period 9/1/OS to 9/30/08 The JPMorgan Funds or The Jltelorgan Institutional Funds or The A ~can Century Funds Sharesor Ore funds one not bank *poets and are not guaranteed by any bank goteenrrent very or lee FCC Return end shore once wrot Niche* and ratempbcn vote trey be mare a less than enigma/coat eta* the money market hinds send lo manias, a stabb net sate( ...lad rl CO per sherd there • no asavenarthet they oat connnue a do so The estrnaKKIennual earns and dvdend yet:thorns Ict mutual funds represenIthe bonds most orcenbncome decdendennetted The dalebulat of the NalAorsion Funds a attain attributor, Services. Inc. Mich is en off toted IPSIctotan Chase Bank NA !Pittston Chase Bank NA and as alleates recce, cerreenseron ton JPMavan Funds Ice pronging domes Anne° Century InteabnaUSeviate. Inc a the dernbelor of It. Arnoncon Cooney Funds Anwan Canary larestmentatenegornont Inc Sane as enesentwe ochres v lo as nepetbrehind larnetaral recekesccnksenserion Crew) Ma( fund lamoh kr stowing asseStmen1 aaveoryOnd OTp SONCOO Inporkant InfarnobonFtgarchngAucbon Rate &cotes (ARS) ARS wedebt a prelerredsocuraNtsroth an interest cr dwdend rate reset peredaten an auction Although Mee may be dot weekly and monthly resets there is no gunnteethet her. we be today If thee wend enough bids of an auction toredeem the secvntids esisibblestii sate the rata may biro failed eurace Ina laded butte ewe a no assaance Mal a setenderrevket we developor that the secures waY bade at pros any other pea redeckkd on Nalenertla Accerdright swewora should not rely on arcing Inkenatoi appoenta g rhea eSoNsThants with respect to Nes JPMSt a the custodian dMedophaa and mast mutual funds vtitcang that peal' nal funds Prateted through !MASI You must pronett eartseJAISI of Inelenalchartsots an tors nneamentotectesct Moneta:talon unless jou dam !PAOotherwise !PM& we messier to eiratmoboncitrenbytn 42 Res to be compete and accurate You shard hatererewedseparatePTMSJconbrmetes b each scannas transocbon NI bansocbons we subject to the barns and condbons stated on the neer tatter such banknotes and are striped to the cons tauten. by-teas customs and interpret tons of the matkettot where executed and patterned 0y and constred n accerdence with the lees Of th9 Stilled New Yak and et appiCatlefeattellevos and regulasons Further sit eeliten min respect to ConimeS.Ons end °Met Cheves WOW 10 the e ...Canon of transacbeel lnaidal *Pions tense:bona has been rnduclid m confrmesens Zr,., were pettusNlumehed to you Upon written request !PSIS/ we pant* suppineu with the Neel such information SNovholdertof oath !Fat Funds *recharged. redeenpton Me &guano 2% of tne proceeds d May exchanged trodsternslowea of such funds worm 60 days of Arches*. sot*a to avian exceptions set lot to the protoctus Of the oppecottataund Netspeonsint your !Morgan rectezentobtokr • IS of the JPM Funds mat (moose 'Sampson bee JAWS? a • theme's of the Smote investor Froloclion Capon/bon ("SIPC"), • not-fir-psolit membashe or nelson handed by broktreltealas regestonalteth the Sonnies end ExchangeConvnavon Securres and cash hold for a customer et !ANSI ant protected by &PC up toMit= pecutdontst OSA inidwdes up to 51004:0 of protecbort kt cash &PC does not protect satiation., tont fluctuations an Me raked the sects des Assets held in weedy by!PlActgan Genoese* NA (the Sorel stool sated to SIPC. You may04400 Scredb011 Mood SIM maxima the &PC Bochum. on they weary*. a None ape on)" a by co fang mina (20 ) 371-e300 JP Strptn Sthambe* Inc. JPSIOrgenChaattBaNt NA at teremtetsMO Waged COmpentealmey Need' edennalreilate Cuteded sales oksintotx)nne Owe Adder alavoteit TO JITekrglet Fonda AmerittanComturyFundt a funds teltiatleld spaiXted. advaad.a menage by that pates. and the Wien Companies may be compenataxt for such sermon JAIilavan Aware Bank is the manna'? name ti the porno banking buenaa conducted byJ P Morgan Chan d CO through at seendeinha wadesdd. 06,449 JPMorgan Chase Bank NA wars Naga Setae ala Account Page 11 of 11 Page 12 of 17 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00034435 SDNY_GM_00303633 EFTA01509032