EFTA01496823

February 28, 2004 - NES, LLC March 11,2004 Primary Account Number ° JPMorgan Private Bank Page 7 of 24 Important Information about Your Statement Personal &comb are subjat to the Deposit Accounts Agreement or the General Terms For Accotmts and Services. liminess accounts are subject to the Tams and Conditions for Commercial Accounts or the General Terms For Accounts and Services Your accounts. unless ethane indicated on the Statement. are held by JPMorgan Chase Bank (the 'Bank'). Deposit accounts held at the Bank, including checking, savings, CD, and money market accounts, are FDIC insured. In Case of Errors or Questions About Your Electronic Funds Transfers (personal accounts onhl Telephone or wale to the Bank if you think your statement or receipt is wrung. or if you need more intoimation about an electronic transaction on a natanent or receipt. The phone number for inquiries is printed on the front of this gateman. The address for inquiries appears below. We must hair from you no later than 60 days aria we rent you the FIRST intemat on which the error or problem appeared. • Tell us your name aid account number. Please direct all inquiries to your Morgan Account Officer at • Describe the error or the transfer you are unsure about. JI'Moigan Private Bank Client Service and explain as clearly as you can why you believe it is an 500 Stanton Christiana Road. I /O11S3 error or why you iced mote information. Newark. DIE 19711-2107 • Tell us the dollar amount of the suspected error. We will investigate your complaint and will correct any error promptly. If we take more than 10 business days to do this (20 business days for transactions outside the D.S. and point-of-sale tran.sactions), we will recredit your account for the amount you think is in error so that you will have use of the money riming the time it takes us to complete our investigation. In Case of Errors or Questions About Non Electronic Transfers Please examine your account at once. If you feel an error has taken place or have questions concerning a nonaleettame transaction. telephone or write us within 30 days. The phone number is printed on the front of this statanent. The address appears above. If no report is received within this period, your account will be considered correct. Mutual Funds/Securities Securities (including Mutual Funds) and annuities are not hank deposits and are not FDIC insured nor are they obligations of or guaranteed by JPMorgan Chase Bank or its affiliates or any federal or state gm erom en t or gm ernment agency or government sponsored agency. Securities (including mutual funds) and annuities involve investment risks, including the possible loss of the principal amount Invested. The distributor of the JPMorgan Funds is .IPMorgan Fund Distributors, Inc. which is not affiliated with the Bank. The Bank and its affiliates receive compensation from the 31slorgan Funds for providing aavices to the funds. Read the JI'Morgan Funds prospectuses carefully for details, including fees and expanses, before investing or smiling money. 'Morgan Select Shares of the Connecticut Daily Tax Free Income Fund. Inc. and 'Morgan Select Shares of the New Jersey Daily Municipal Income land, Inc. are not pan of, or affiliated with, the JPMorgan Family of Mutual Funds. Reich & Tang Distributors Inc. and Reich & Tang Asset Management L.P.. which are unaffiliatal with JI'Morgast are the funds' distributors and investment advisor. Reich & Tang Distributors Inc is a manba NASD. The Bank is not a registered broker-deals. Securities transactions may be through JPMorgan Fund Distributors, Inc a subsidiary of the Bolt, is a member of NASIYSIPC. IRA Accounts Accounts of the Bank as trustee, or ns discretionary lineament manager for an ERISA plan or an IRA that hold Fiduciary Shares (as described below) do not bear any portion of investment. administrative, custodian or other charges paid to the Bank or its affiliates for services to 'Morgan Funds for which a rebate process has bem established since these charges are subject to rebate as defined below. For accounts of the Bank as tnutee, or discretionary investment manager for an ERISA plan or an IRA. which hold shares in the 'Morgan Funds other than Fiduciary Shares, the Bank receives fees for services from the JPMorgan Funds but waives account fees with respect to the funds so held. "fiduciary Shares' means shams of JPNIorgart Select Funds and Institutional Sham of the .11)Morgan Bond Fund II. JPMorgan Short-Tam Bond Fund II. JPMorgan Intermediate Bond Fund II. and NMorgan Large Cap Equity Fund held in Bank tout aCCOUMS or in discretionary investment management accomus at the Bank held by ERISA plans or IRAs. "Rebate' means an amount returned by the Bank to the account which holds the Fiduciary Sham. The rebate amount twits/ads the portion of servicing fey paid to the Bank by the mutual fund with respect to Fiduciary Sham. Confidential Treatment Requested by JPM-SDNY-00020236 JPMorgan Chase CONFIDENTIAL SDNY_GM_00289434 EFTA01496823