J.PMorgan FINANCIAL TRUST COMPANY INC ACCT. Q30171005 For the Period 2/1/09 to 2/28/09 The JPMwpan funds or The JPMorgan Instinetonal Funds or me American Century Funds Shares cl Me funds are not bank deposits and wenot guaranteedbyany bank govern." rent of thy or he FCC Return and share wee we %reuse and redempbcn vane trey be mare orless than cergnalcost 1StMC the money market funds seek to maintain a stabb net SUM Waal SI W pa snare. Mere is no assuente Mel they me cenleue to do so The estereKKI annuannarne are decked yred flues kr mutual funds epredentthe nude most Waffler:Om. dredendennuated The cinInaufor of the JPUorgen Funds a JPLecrean Debrbubon Services Inc. want, is en ad Jab of JP/Japan Chase Bonk. NA JPIforgen Chase Bank NA and as athletes recce, correensetron ton JP Mayen Funds Ire pronging somas AmeriCan Century Inrestmen:Sayees Inc a the drUnbutor of try Annum Century Funds Antonym Cooney Ineerstment Management Inc saves as rnmsbneer achnsc r lo as neptcbartund larsteard recerescunpensetron from Mot fund awry kr puede; orostment adesoryted Mew aroma Important Info unseen FtsgardmgAucbon Rate Secunbes (ARS) ARS are deer or preferred securroes awn an merest or dweend rate reset percdceaym an aption A/amp Mae may be dady weeklyand monthly resets there is no gunners:net he. me be 'quaky If Ewe are not enough bds at an aucbon to redeemthe secuntes eveNNOor safe the reset nay bee fared 'ruder, Ina faded sucker. Mere a no essunettral a soccedaynwhei we develop Or that the secant waY trade Nur or anyoder price redectedon ablenents Accordegy inviaaJora should na rely on acing warrnarton apneas in thew statements with resent., ARS JPOASInt Ma busted.* n lefKKIOphOnS purClultedthrOugh JPIASI You must pronely advrseJPUSI of metenalcharchs in your mrestment *teethed or humus' wirehair Unless totureormJPUSIetherwee .0ffMSI w the eirenshoncurentyrn 42 Mee to be compete and accurate You should hayerecenrodsoperate-MfASJ cambers:eons tor each sacuntes Vansacbon AV bensacbons we subject to The Isms and conditions stated on the rem:roast of such ccnhurrebms and wesubject to the consttuten. byens customs and erterpreatons of the rnafterep*Cerrhere treaded and 'deemed by and COnSteed rn eta:Mance with the Ian Oleo Stele Of New Yak and as applattre WM ellen and regree3Ons Further "'demote() min respect SO ConwroSens end °Me charges rotated to Me erecutfon of transactens includmv oceans transechons, has been nailed in cordsmebons that were prevousylanalwel to you Upon written repast JPUSI real proirpaysupplynsu was the Yea such in famirbon Sheinoldenot coffee dPMorgan Funds are charged a redon:fon fee equal lo 2% of Me proceeds • they exchange& rodoemsnanta re awn holds wenn CO days re purchase substel to certain exceptionsset lobar in me prospectus of Me apprceneFuncl Please consult your JP Mogan repesentabyator a tat ante JPAIontan Funds that impose roderrebon tees JAWS! a • Mentor of the Secretes InvestarFrotecton Comeaton ("SOPC"). • noaceprce• memtesap caperation herded by brokercteews merstreal with tise Socunres and EschangoComnassan Sec cotes and cash held b nniston." at JAYS! weprotected by SIFC up to 3700000 pecan. oath mandes up to SIOOCOO of recede° known &Mews not protect navel tosses from Ouch/ernes in the volute Me sects des. Assets he hn custody by JPIArgion Chase Bank N A (the Terre) are not sullied to S/PC Toumayobl•In eatmeaneboot$IFC, mcbding Me SIPC Peocntee on dew webs* et Nom ape hip' p aYainaa00 Men N(2O2) 3n-63Off 70 MO extent pp/OMS pleeSeried the kttOnvy deCbs✓ries mg* r deg estmeted annual totem* (EAren4 Memeled yield (EY)EAl end Dia Olen types daearmes coed wade a island pinwale Cepaalganis a? breath C040 Me EA lend EY nand Co Overstated EN and E nee estimates and the Weal MOTO and yield naght be lower or Meng then the estimated amounts EYnanacts Co* She mono genfla d by OA "%eittletlf ;Hoes not rMKfcht Base its perm which may nucleate JP Morgan Sour errs Inc JP$Actgan Chase Banked or Met targeted (the P Megan Convenes) may trued* radrmusbabye custdrat Sales. distributco of sNrehoIdtetervats to JUN.:nen Funds. Anson Conks),Funds or funds estabtshed sponsored. *chased ce managed by Med panes and the JP Morgan Condones trey be compensated fa' such etudes Bank products and sauces hie Offered !NOW!, JPeloyan Chase Bank NA end es engem Senates we offered by .0 P Mogen Socuntes Inc Account Q30171005 Page 10 of 10 Page 11 of 16 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00034628 SDNY_GM_00303826 EFTA01509188