J.PMorgan FINANCIAL TRUST COMPANY INC ACCT. Q30171005 For the Period 4/1/09 to 4/30/09 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 Vint the money market funds seek to maintain a stabb net SUM Waal SI W pa snare. Mere is no rearrange:het they me cenleue to do so The estereKKI annuannarne are defied yred Notes t mutual funds epredentthe nude most Waffler:Om. dredendennuated The cinInbufor of the JPUorgen Funds a JPLecrean Debrbubon Services Inc. want, is en afteser of JP/Japan Chase Bonk. NA JPIforgen Chase Bank NA and as agitates recce, correensetron ton JP Mayen Funds Ire provaling 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 retpdcbartund larsteard recerescunpensetron from Ma( fund awry tor puede; orostment adesoryted Mew SONCOO Important era tretronlesgardmgAucbon Rate Secunbes (ARS) ARS are deer or preferred securroes awn an merest or diverge rate reset percdceaym an aption Artlaucin Mae may be dad), 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 mey bee fared ender, Ina faded sucker. Mere a no essunettral a soccedaynwhei we develop Or that the secunty waY trade Nur or any other price redectedon ablenents Accordegy, inviaaJora should na rely on acing warrnarton apneas; in thew statements with resent., ARS JPOASInt Me busted.* n lefKKIOphOnS purClultedthrOugh JPIASI You must pronely adyrseJPUSI of metenalcharchs in your mrestment *teethed or humus' wirehair Unless totureum JPUSIetherwee .0ffMSI w the eirenshoncurentyrn 42 Mee to be compete and accurate You should hayerecenrodsoperate-MfASJ cambers:eons for each sacuntes Vansacbon AV bensacbons we subject to The Isms and conditions stated on the roes ob stle of such ccnhurrebms and wesubject to the consttuten. byens customs and erterpreatons of the rnarlerep*Cerrhere treaded and 'deemed by and COnSteed rn ac dance with the Ian Oleo Stele Of New Yak and as applattre WM ellen and regree3Ons Further "'demote() min respect a ConwroSens end orbit charges rotated to Me erecutfon of transactens includmv oceans bensectrons, has been rnductod in cordsmebons that were prevousylanalwel to you Upon written muss( JPUSI real proirpaysupplynsu was the Yea such in famirbon Sheinoldenot coffee JPAtorgan Funds are charged a redone:fon fee equal lo 2% of Me proceeds • they exchange& todoemsnanta re awn holds wenn CO days Of purchase substel to certain exceptionsset fete in me prospectus of Me apprceneFuncl Please consult your JP Mogan repesentabyclor a tat of the JPAIongan Funds that impose roderrebon free JAWS! a a Member of the Secretes InvestarFrotecton Comeaton ("SOPC"). • noaceprce• memtesap caperation herded by brokercteews merstreal with tise Socunres and EschangoComnasen Sec cotes and cash held Anniston." at JAYS! weprotected by SIFC up to 592O000 pre r ustorner. oath mandes up to SIOOCOO of recede° known &Mews not protect navel tosses from Ouch/ernes in the volute Me secedes. Assets held n custody by JPIArgion Chase Bank N A (the Terre) are not subrect b S/PC Toumayobl•In eatmeaneboot$JPC, mcbding Me SIPC Peocntee on dew webs* et Nom ape err r 0YO3O1•OO0 Men N(2O2) 3n-63Off 70 MO extent pp/OMS pleeSeried the keOnvy deCbs ries mg* r deg estmeted annual totem* (EAfen4 Memeled yield (EY)EAl end Dia Oren types daearmes 00ud it a island pinwale Cepaalganis a? breath C040 Me EA lend EY nand Co Overstated EN and E nee estimates and the Weal MO TO and yield naght be lower or Meng then the estimated amounts EYnanacts Co* She mono genfla d by OA "%eittletlf ;Hoes not roffortchengos e its perm which may nucleate JP Morgan Sour errs Inc JPMo-gan Chase Banked or Met aff gates (the P Megan Convenes) miry trued* radrmusbabye custdrat Sales. distributco of sNrehoIdtetervats to JUN.:nen Funds. Anson Conks),Funds or funds estabashed sponsored. *chased or managed by Med panes and the JP Morgan Condones trey be compensated fa' such etudes Bank products and sauces ere Offered !NOW!, JPeloyan Chase Bank NA end es engem Senates we offered by .0 P Mogen Socuntes Inc Account Q30171005 Page 12 of 12 Page 13 of 18 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00034708 SDNY_GM_00303906 EFTA01509254