JPMorgan n Private Bank FINANCIAL TRUST COMPANY, INC. ACCT. For the Period 9/1/08 to 9/30/08 Youmuu Norrety ainso JPUSI ot masonalcnangss sn sote tmestmentayectnee N ananas: anrolson Utskott oat treorm JPAIN otnorstase JPMSt steco:adr es inktmotronctarentlyo es fiks to be campe» and oca~ You *haud neie recenceseperele JAM N cool:mett:na ranch ~unnse eanasChon AV treastnbora we sule«. 10 ete le me end cond~ alsied On the (innsendeot susa csnannalons and area~4 Me synsStuten byeews cualoms and tnlerparabonsof ff* merkelacewhere esocutod ane gowornod by end cons~ o ~namn, Ne nes a• tre Sn» ot New Vsa and al AoplcaNefechwal Nes ane Npulebons Funna ~Pan nen res:~ come:lp:os and orter anten reattrxt lo the ~utan« transe:~ mater* oadona &ansi:~ hse been tnt:arde:ha confrmeboas Used wereprewounyturnehed to you Upsnrelanrec~tJPMSIwMpoØØsousatØbh.vtsuttnbenelbn. Shrehoklersof ~em JAM Funds ere eleverte a rodempnce leeequsl to 2% ot ete Amanda Iney "anane< rc. redoem snares e I sucn lunds valen 62 ds ys olpurchase suOprJtocrtenascspbatsse.krmnt/tepsepechadtiroeppkøbbFvnd Flosse consult ymt JPMenyan fereeenlebvett e NI d me JPIA Fund., mal ~Oie NNINTRUNINM ~Sis e mente ot the &stanges InyeatorltSoketion Corperebon (SUAtias matrom« mnerahpcpØabnlundsbybrdrOeaMsrop.SMedwimtlaSetanbesandExeMnpeCrnmenn Senete. and cash hatt /ora anion« at !PM& proncted by SFPC up lo SY)0.000 cusNenty *Nat nauda; up to $100,0:10 ot pro:ed/on lor casa &PC don not prceect egsast losses from nuavat~ o »kad thie securthas Assen hekt in custedy by AcWorgen thase8enk N A pr» Peak7sve nol sut,ct to SIPC eau mayoblatn tnIormenon obo& Slite trcludasg Mo &PCBo:noe on Noe flasset st 'INwi ste ar cr by contactop ~ at (202)3714300 J P ØSØeroagx fiztforeats GnisseBank NA cr thea aff 4~ ri* 'Morgen Cce~en7mayprovale~rmalnavescusbast sett dantsuaon sberenosiet entesto JPAkseen Punda Amecone.enturyF une. ør funis OSNIONvid seansen:d thdrad, menaged by thrd parten and Ne Mogen CanNtoes "sy be compenzeted kr such ~an ExplenatIon of JIMal FUNN* JP&Ionyan usas Me lolbeyng rtiMg system Ovonvoif CNW next six to enke norens. ne «poet Na assch 01~M Ire ~eie total neon ot the .1~ m the sairsers (ce the inayst's namn mange usiMINSO Neutral: Oro Me nen? sentens, ~the we evnet ras skO weprlam n Ane AN Ne Nenne tote. tetenof the sbeks n the ~yste (or Ne NYSN NanN)convege Lunene Unctenvergar Ove< the non sa to atom manes, brenne! ne assck mO cesionneNrm Me ~sage Mel retten ot Ne Posa? sn No anaNars (o, Me ~års taisenk) mytane unworse Independent ReSawth ~Ynge: JAMN dos sat ene:~ Olnerwse ~pl the IndepenientRe3~NOWNINSeerCeeratta veene' aftennUtsms used verielyel annus tema es *etes affeenstretnes systems N desatetheetee0tmendeban JFMSI une a ota,v V rating., system., dosexbed *boye INN may use • NrneenNeemes system sutt as as an "adsotukinengs system va isse sutt »7111 es 'Ny' 'bod' Or "nr &No 'rolstne-ana "obsoNte-ran systems re fundomentalyddleteet you snodd ned cerehey Me *Ombot,' d se News inni vi Ne JPMSI end MP reeNven Nei s treAded n the ',ymsar tue FN the reason and n se reseercn °ankers the bess kr the roane, as nett es complete inkrmetion conownog the ana4ers wews. you shoubt ned avd* the rOSONNOnd not ofra contents from se matvara» JINAScran ~te Benk 4 the ~NOMI; nen kr me yrne. benking Nanna COndutted by J P Mergen aren i CO !Nou", euteNeses .korkly.N. ANN,Nng JPSkrpen ame Benk. NA and J P Mage Secuotes Inc Account Page 11 of 1 1 Page 12 of 18 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00038249 SDNY_GM_00307447 EFTA01512402