02 I2005 Account Number Q 78805-00-1 FINANCIAL TRUST COMPANY, INC. February 01. 2005 - February 28. 2005 JPMorgan Chase Bank, N.A. 345 Park Avenue, New York, NY 10154-1002 fl JPMorgan Private Bank Asset Account Portfolio Page 9 of 14 JAMS/ is the eustcdum of Wed options end ~I mutual funds. naked"; Mrd party ~lust funds purchased Waugh JPMSI Sherehoktersof oaten JFM Funds erechergede tedenbtonleeequel to 2% of If d proceeds', they «chore, redeemsheresof such funds %brim, 60 days of ~cheat subject to certenbeacepbons set kit ti in the prospectusa/the ep~eFund FfeeseconsuR >ow JPAloreer reevesentebreb e a As: of the!~ Funds that impose reck•mpbonkes JNISI ise manta' of ye Sera~ lore:tot Protecton CceporeharrSIPC7. notiorproNmembeeshiscorpcietron funded by broter-cleabraegoderecladh the Svartbas and ExchangeConrnsson Secunbes end ash held .b a ~Sommer amount at !PUS! 010 protects up to the tote, net equity of each account The first $500000 of pro&cton who" hektes up ro $100000 of pettier; for cash. is provided by &PC As &Math 201:14. the balenseol the pro,bcf)on is petard«, by a seas abEreessSIPC Ss* Avd hut«, by Customer Asset R0~1 Company 5110 and °tons SIPCprotecton do not protect eosins:Josses from fluttvatienS n the valued the socunten Assets he custoW by1PM0 yen ChaseBenk NA (lib Tienk-~ not .44W: I 10 &PC." test SfPC protease., JP Merger" SecureWas Inc JPAtorgenChasoBank N A or ;nos &bias (the 'Morgan Companies 7moy provflo admen:taint oustedat sats d/se,butbn or shwens4elot servant° 1PhIcegen Funds Ana teen Canty Funds a funds estobtshed sponscree, «trued cr maraµd by thrd pates end the McegenCompanbe msy be conwensated for 'bet secnces J"tcrgen Presete Bonk NA Mil* rxrfrabng anefor the prink benkev Sienese conducted by I P Morgan Chase 6 Co drove'', Rs sutwd boos ~Mende " -Wing JOhloven Chase Bank. J P Maven Trust Company NA and JP Morgan Securt.es Inc Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00037675 SDNY_GM_00306873 EFTA01511839