07 JPMorgan Chase Bank, N.A. 2006 345 Park Avenue, New York, NY 10154-1002 Account Number Q 78805-00-1 FINANCIAL TRUST COMPANY, INC. July 01, 2006 - July 31, 2006 JPMorgan 0 Private Bank Asset Account Portfolio Page 8 of 8 ExplaAition of JPMSI Ratings: JPMOreen uses the tabovng retry system Ovenverght. Over the nett 3.x to MeV', monetis we e.pecl the Woe* !tog outperform the treacle Mel return O the Meeks en the analyst's(.. the eneryst's leans) COverage universe Neutral: Oat trio nod sea to !Achy months we expect YR: stock val pewter, .n Ana we.n the rootage tote! return of the stocks n the enest's the ehatysts toonrs)caeoraeo univmse undenvelght: Ova the ne.t ex to tneSie nonths tie embed the etc* me tinier m the ...wage total ratan a the stocks in the analysrs (a the ansysta team's) coverage universe Independent Research Ratings: JPMSI does not en d sea othavnse adopt The IndeponlentPesearchPronclamearchanSterebngs Otterentlems use a vanOyet items terms as wet as diforerttat.rgs systems to data to thew recommoodetons JPMSI uses a etatNe a:wigs system as deserted stove IRPs may use a df,erentfatngs system such es es so .ebSO.V.orieS494 system and use such *MIT as UV . 170 0. Cc •Ser Shoe Westne.and .abal'ute-,togs systems are tuectanentaiWAvent YOu ShOu,d lead eareludY the &Anton: a l all tames used n she JPMSI and IRProsoortn that s metdal in the mooch tad Fa the reason and since the research oedema the base to no tamgs os wad as template intonate*, coneenung the analysts vows. you should rood cane* the mewchard not it ,ts contents Fan the rahng atone JPMorgan Private Bank n The mantehng name fa the pewees Conking bus news conducted by J P Morgan Chase & Co through its subsdrones mondwde inctuam JPMorgan Chase Bank NA JP Mogan Trust Company, N A and .1 P Morgan &cat*: Inc Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00037856 SDNY_GM_00307054 EFTA01512013