10 JPMorgan Chase Bank, N.A. 2006 345 Park Avenue, New York, NY 10154-1002 Account Number Asset Account Portfolio FINANCIAL TRUST COMPANY, INC. October 01, 2006 - October 31, 2006 Explanation of JPAISJ Ratings: JPtatagen u,ea the loVotong retry system Oyenverght: 0.e, the next se to twehe month: we expect the stock wRoutpalam the abereqe Wet taken &the skcAs in the 'nays(' (a ~analyst's ~Ws) coverage Lawyers° Neutral: Cy* the refs.. to Metre m2nths. ce eq.« Mrs stock w,npadam tn ane nth, the Ovele2e Iota refan 01 the :WAS in tiro eneNit's (a the enaiysn iearn*3) coveene untimine Unclenverght: Oier the nod SU to Twelvemonths we ezpect Inn stock wall uncles. -perktrn the overa,o total/Nam of the ~As ro The eneysta thoenalystS teem's) cototage "rise JPMorgan Private Bank Page 10 of 15 Independent Research Ratings: /PUS/ does not ~enact °Maw ae «bp. Me IndeponclentResearchRo .leneswcnanikr rat"» Different Trms use e vitneryd ratvvs terms as wen as dirtereotra!yigs systems to doscrhe that reconvnondations JRMSI uses a 'te.b!ne'rratangs syskin as clescobodeboipe IRPserey use ochtferentrebnos system such as ea en 'absohste'retings system and use such tene es 'bW Tokr. or 'sell' Snce1eTetse-ena 'etssok4e'teMos syskurs eve lbodementetlychlereM you ~react ~clue/ the Off"bOrL9 o ant tatrqs used a, Ulf JPVSI end IRPtesearch that nl 4.1 thBeffearCllitse# Pot tn.3 reason and s'rce the rese&M enters MO b."54 kr the ratngs a: 0,0 al COMplelemfibmaSon corner"? the analysts yens Kv shout: geed catetu,ty tM ~Mend not Sent: consents from the retop clams ~gar, Awe/a Bate 4 Me ~strop name !hopmora NINIurN2 husinns Øreled %J P Wigan etas., S Co liva.gt, es subsdpenes auk! wide incbling JPIAcigeo Chase Bank NO. .113 Morgan Trust Company NA and) P Magen Seciaal‘es Inc Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00037882 SDNY_GM_00307080 EFTA01512038