EFTA01496908

May 29, 2004 - NES, LLC June 30,2004 Primary Account Number. ® JPMorgan Private Bank Page 8 of 31 Important Information about Your Statement Personal accounts are subjat to the Deposit Accounts Agreement or the General Terms For Accotmts and Services. Business accounts an: subject to the Tams and Conditions for Commercial Accounts or the General Tams For Accounts and Services Your accounts. unless otherwise 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 onM Telephone or woe to the Bank if you think your statement or receipt is wrong. or if you need more uffinmatton 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 sent you the FIRST internal 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 an: unsure about. JI'Morgan Private Bank Cliart Service and explain as you can why you believe it is an 500 Stanton Christiana Road. I MM'S3 savor or why you iced mote information. Newark. DIE 19711-2107 • Tell us the dollar amount of the asspected 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 recredit your account for the amount you think is in error 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 examtne your account at once. If you feel an error has taken place or have questions concerning a nonelectronic transaction. telephone or write us within 30 clays. The phone number is printed on the front of this sedation. The oddness 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 affiliate, or any federal or state gm e rom en t or dos 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 affiliaval with the Bank. The Bank and its affiliates receive compasation from the 3PNItgan Funds for providing aavices to the funds. Read the JPMorgan Funds proextussuc.arefully for details, including fees and expoises, before investing or scaling money. JPMorgan Select Shares of the Connecticut Daily Tax Free Income Fund. Inc. and 'Morgan Select Shares of the New Jersey Daily Municipal Income Fund, Inc. are not pan of, or affiliated with, the JP/slogan Family of Mutual Funds. Reich & Tang Distributors Inc. and Reich & Tang Asset Management L.P.. which an: unaffiliatal with JI'Morgat are the funds' distributors and investment advisor. Reich & Tang Distributors Inc. is a manila 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 mom or as discretionary bwestment 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 been established since these charges are subject to rebate as defined below. For accounts of the Bank as trustee, or dimetionaQ- 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 flies with respect to the funds so held. 'fiduciary Shares' means shares of Whlorgan Select Funds and Institutional Shona of the JPMorgan Bond Fund II. WMorgan Short-Tam Bond Fund II. JPMorgan Intermediate Bond Fund II. and Worsen Large Cap Equity Fund held in Bank tout aCCOUMS or in discretionary investment managanent accoans 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 rebate amotud raintsents the portion of servicing 10r paid to the Bank by the mutual fund with respect to Fiduciary Sham. Confidential Treatment Requested by JPM-SDNY-00020323 JPMorgan Chase CONFIDENTIAL SDNY_GM_00289521 EFTA01496908