EFTA01496853

April 01,2004 - NES, LLC April 30,2004 Primary Account Numberi 43JPMorgan Private Bank Page 6 of 19 Important Information about Your Statement Personal &comb are subjat to the Deposit Accounts Agreement or the General Terms For Accotmts and Services. Business accounts are subject to the Tams and Conditions for Commercial Accounts or the General Tams For Accounts and Services Your accounts. unless otherwise mdicalal on the Statement. are held by JPMorgan Chase Bank (the -Bank'). Deposit accounts held at the Bank, including checking, savings, CD, and money market accotuus, are FDIC insured. In Case of Errors or Questions About Your Electronic Funds Transfers (personal accounts onM Telephone or write to the Bank if you think your statement or receipt is wrong. or if you need more intomation about an electronic transaction on a statement or receipt. The phone number for inquiries is printed on the front of this gateman The address for inquiries appears below. We must hair fmm you no later than 60 days after we rent you the FIRST miteman on which the error or problem appeared. • Tell us your name and account number. Please direct all inquiries to your Morgan Account Officer at • Describe the error or the transfer you are unsure about. 1I'Morgan Private Bank elicit Service and explain as clearly as you can why you believe it is an 500 Stanton Christiana Road. IAN'S; am or why you need mote information. Newark. DIE 19713-2107 • 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 U.S. and point-of-sale tran.sactions), we will recrcdit your account for the amount you think is in arm so that you will have use of the money during the time it Takla 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 non-electrum transaction. telephone or write us within 30 days. The phone number is printed on the front of this suitanent. 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 bank deposits and are not FDIC insured nor are they obligations of or guaranteed by JPMorgan Chase Bank or its affiliate, or any federal or state gm erom en t or go, 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 JPMorgan Fund Distributors, Inc. which is not aftiliatal with the Bank. The Bank and its affiliates receivecompensation lion the JPNItagan funds for voiding services to the funds. Read thell'Morgan Funds prospectuses carefully for derails, including fees and ex-poises, before investing or setting money. 'Morgan Select Shares of the Cormecticut Daily Tux Free Income Fund. Inc. and JPMorgan Select Shares of the New Jassy Daily Municipal Income fund, 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 an: unaffiliatal with 1I'Morgan are the funds' distributors and investment advisor. Reich & Tang Distributors Inc is a manha NASD. The Bank is not a registered broker-doter. Securities transactions may be through JPMorgan Fund Distributors, Inc a subsidiary of the Bole, is a manlier of NASIYSIPC. IRA Accounts Accounts of the Bank as trtmee, or ns discretionary bwestment manager for an ERISA plan or on 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 moss has hem established since these charges are subject to rebate as defined below. For accounts of the Bank as trustee, or dimerionao uweament manager for an ERISA plan or an IRA. which hold stoves in the fi'Motgan Funds cilia than Fiduciary Shares, the Bank receives fees for services front the JPMorgan Funds but waives account flies with respect to the funds so held. 'fiduciary Shares' means shares of Whlorgan Select Funds and Institutional Sham of the 11'Nforgan Bond Fund II. 'Morgan Short-Term Bond Fund II. JPMorgan Intermediate Bond Fund II. and Worsen Sage Cap Equity Fund held in Bank bunt accents or in discretionary investment managanent accounts at the Bank held by ERISA plans or IRAs. "Rebate' means an amount returned by the Bank to the account which holds the Fiduciary. Shares. The lame amount rantsents the potion of servicing fees paid to the Bank by the mutual fund with respect to Fiduciary Sham. Confidential Treatment Requested by JPM-SDNY-00020266 JPMorgan Chase CONFIDENTIAL SDNY_GM_00289464 EFTA01496853