J.P.Morgan
JEFFREY EPSTEIN ACCT
..
For the Period 5/1/09 t .
Important into, °Woo Anon Rate Sec?.taies(ARS) ARS are debt or protonodsocurCes win en in, dmdend valorous(pottodesMyin an attach Although Mere may be deity weekly and rryNnly resets tmeor no gusenteethal Mere wAY be leuxlsy tt
thee e no: enough ads et an auction to nzleemthe emote/es evaeablefor sate the /ewe may be a feted axton Ina fattedauction Maya no &twentieth., a suwJetymarke.wd downbeat that the security evAll bathe a1prat any otter prceredxtedon statements
Accorchnett investors shotAl not relyon peeing ?Wormahonappeennoin then statenents with respect to ARS
If toe has chosen one ol ore sweep radius/ /unsts tou ore notled Met poi/eons in the Arne Money Market Steep Fund represent hoMtngs ar dre StArgan dime Money Markel Funs' poseons in the FeleatIttoney Ark& Sheep Fund represent holdmes in the
JPMorgan FedoviLloneiMorkeFurd and andirons w• me Tax EvenettANNY Market Sweep Fund rePOSenti,00091m the 'PVC.'gin TN, ENNANMOnattliNNNFund
You mutt prOmplNadvaeJPIRSIolmetawalchanges w your intesfrrwitobyecOvesce bnencielstheabon Unµes toy inform JPMSI otherwise .IPMSI wort coned.? re ?ntormettoncatent/y.o Cs Ales to be conbtete and actuate
You shoed hanarecovedseptvateJPMSJ conkmetbas for each seaodes tansechon 0.V frensechons ere suext1 to ore terms and cord tons stated on the re-remade ol such contrinstrons and are subect to the constfutm by-bws customs and mbrpetatensot the
enarkelpboownsvo mcecusad and go.orned b' ens construedm acoNdance vnth ?no taws of the State or New Yak and at appleaNefsdarallaws and ft1904O0,13 Fulna, aNcernaton with respect to convnauons and other chews re tad to the e.atutcn of transarwens
incalloNl oPtrons fransathons has been ?nciuded rn corhinnan3 that wen, pewousNlutnehedb you Upon wnnen toques! 'PAIS? wit porne.4y sorlo,neu with the Latest such okemeton
Shorthoders ce torten JFAtorgan Fund: ens &wird a todonpon tee cquatto 2% of the proceeds 0 they orchangoce redeem snares of such funds within 60 days al purchase subyect to certain exceptions set forth m mo prospectus of the eoplcabeFund Pbaso consult
?Nur JP Morgan representalwelor a Mt of the JPNagan Fords that romposen-Sas44n be,
JP Morgan Smut,: Iry JP.Vovan Chew Sank NA a Vier atttabs (Me Morgan Compares) may paede admewsfralwe cuzicdisi sales. &seethe., or shareobasavices so JPSAscoan Funds Amerman Conlin Funds ce hods astabOzhed spoiscred
advkled a ineard by NW pates and the JP Mogan Compenbernay be Compensated ke suet? seryces
Benk products and sennses are odped Thrown JPINorgan Chase Bank NA and 43 afiteles Secunlw we offend by J P Mclean &antes tic
Page 9 of 9
Confidential Treatment Requested by JPMorgan JPM-SDNY-00006565
Chase
CONFIDENTIAL SDNY_GM_00275763
EFTA01485283