J.P.Morgan FINANCIAL TRUST COMPANY INC ACCT. 030171005 For the Period 12/1108 to 12BUI)8 The JIWIJorgan Fonds or The JPMorgan Mstttufronal Funds or The AmerIcan Century Fumla Snares cl ate lunds ere not benk depossts ens are nol "veranteedby Gny benk ricsavnryontenmy Mo FOIC Retten and slure paye me hinka and redempbon vente race be mare a tess Men °opentnose Vørsle the moare merket hands serk to menben a metra net unt vetoa of Sl 0 0 par sharia Mene is no ariaren o ertNal they arer contras.» do *e The estnnelethinnuat ~cess and cleadend yer I hesen Ice ~Me/ luna ~enn!~ lunds' m0of ~mima". "ada n annua:od The doletbuftry of ÉI* JPMotrarn Fonds a JPIAceoen Onntsubon Serrces Inc. wherti is en allimb c/ JPSIapoo Chese Book NA JPIAaven Cha» tunn NA. and ds enheter nrcene compensetton lom J.0.14cegen Funds b peovahng seevces Amencon CenMy Inne:heren: Sereces Inc a the 0ntnbisl0r of tris Amoncan tennere Fonds ~con Genane Inentmen IMen•peenonl Inc 1~Sn as innisfled annan' b tiS ralpetbselund lamsyard rece4esorponsaton non> nun rund tilm.y ssowdnd nyss 'man! advdory ond otnot 30,V~ Important Infe e tr•non RagarchngAuction Rate &Kunnes (ARS) ARS sn dett oe peeforred sonaren onn an inferens+ din!~ rate roserpenodcayin an (ombot, MluupnMaerroyEeaaeyweeANØmoahynesets Inn d no garantar in« ølsal ah no »halte II Mrs &mod onough Polo sa an aocfron b redeanNo socuntto ~blek/ solo are resonnere berr /Sed ~Ion Ina huke &Kroa Parets no assuhnce Val e secondwyrrowket ara cleyetop ot the( the secvnty nor trade st or cr, stry otre pysa> rearected on alitlenetris Accorderre nessnadd na tøya, pica, erfarne:~ app•anngsn tinn staiementS nnn res pent to ARS JP4451 • the costorben Aeled notane purChasectle00ph JPIASI You mua ~ly schtseJPISSI of tnatenelchansses yotynnestment ahocaves ot Mener, staben Une, sott inteem JPf 431 cehenatse JPMSI e tal wocley takensrbon unnta an 42 Nes to te comparte and ~ote Youshoutl heteerecerwdseparaleJINISIconfernabons Vor oden seambes Vansecnon AV aansetcbons are sobre, lo the bru end condlyons sabbe on the nen ra re sole of wen carkerbroons and mo sverter, to Me con:Stuten by-bas austom: end arssapeeretons of the reekeepiniwthee exeCuted end 9>arened ny end <au& n accerdenco tM MM Inga d the Stedent New Yak end eit eippkaakr/MiemOswo and rerhehlons Furtne ~maten min mopeci to commot.ons and oteren nnardesteRned In Me eiend/on trantacteat ~ev~ ttantS hos Doen «h/dorm confrmosons Inst woro pnwoos4tnonod to rott UpmwveMnraptestJPslSIwdpØsØdovwahMsbkestsuennØ. Shansholientof ~am JP11 Fund. et•Chan,000 nalempthn feer nu& lo 2% ot the prossrals !ny exchanged recleem Sei 01 Sua. fonda satan CO Syr of preob•s• auteecs to ~unn exottptions set foler in the pasapochts ot the appaconetaond Frestsecsonsua yorr JP. Margen representer-Klo • ler cl the JP41 Fads teet "Done tectempooneees JPYSI a • renber of tbe Secwas invoolorRolocton Ca ponkon CSIPC"), • not-kg-vont tnembashro oxycestron lontlort by froke-clisairss inntas:4~ the Secuntes and Exchenc•Comnowon Se:~ and cash hekt lo e ~torner at !Pif& n proton*: by SlpCopbØ,9Wpnewbnw.labenerAdeeuplo7100,900dpotsadnbrceh Utedoen not pn:SeCt ~Ml kona floCtvetaren in Vie blaut& the seco tass Auet, held in utstede by Jfflorsurn GenusBank NA (The tetnA)tree not sutsect b &PC. You mayONOr inIceWiatI0n fl o& SJPC. ~amp tlJe SIPCOmchunt or Vsa trebit». at Nhvw sex Wc , by COM.CANIMan, al (204 3714X° JP Magen Secutes Inc . 'Piken» °tase Bek NA a Inn *ff Ask. "nø 7dcoyan Conpaea7maypovdsadnwueahM.asbdW tad daMatona shmenostee ~vante JPIA:røsn Fonds Amauten Century Fonds a lands eolobroned spcasorod. «hot« cr rnsnaged by Med part« and the Mayen Canon« nray be compens• • dlor sud; 'enrom J P groen "Va» Bank a II» makeong neme kv ter• ornata oanisno danen conekcIed ty J P Magien enes, 4 Co ~uh as staahlayao ~Vade ercks,n, JPIAregirn Glan Bank NA and JP Mergen ~bos Inc Account 030171005 Page 12 of 12 Page 13 of 18 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00034532 SDNY_GM_00303730 EFTA01509110