EFTA01497073

October 30,2004 - NES, U.0 Novanba 30,2004 Primary Account Number JPMorgan Private Bank Page 6 of 6 Important Information about Your Statement Personal accounts age subject to the Deposit Accounts Agreement or the General Tams For Accounts ;tad Services. Business amounts are subject to the Terms and Conditions for Commercial Accounts Of the General Terms For Accounts and Services. Your accounts, unless otherwise indicated on the statement. are held by JPMorgan Chase Bank. NA. (the "Bank") Deposit accounts held at the Bank, including checking. sittings, CD, and money market accounts, arc FDIC insured. In Case of Errors or Questions About Your Electronic Fonds Transfers (personal accounts only! Telephone or ante to the Bank if you think your statement or receipt is wrong. or 11 you need more mlonmition about an electronic transaction on a statement or receipt The phone number for inquiries is printed on the front of this statement The address for inquirirn appears below. We must hear from you no later than 60 days attic we sent you the rattsT statemcnt on winch the error or problem appeared. • Tell us your name and account 'rumba. Plats:direct all inquiries to your Morgan Accotmt Mica at • Describe the emir or the transfer you arc WM= ACK JPMorgan Private Bank Client Service and explain as clearly as you can why you believe it is an 500 Stanton Christiana Road, I/OPS3 error or why you need more information. Newark. DE 19713-2107 • Tell us the dollar amount of die suspected earn We will investigate your complaint arid will correct any error promptly If we take more than 10 business days to do this (20 business days for tnurnations outside the U.S. and point-of-sale transactions), we will rccredit your account for the amount you think is in error so that you will have use of the money dwing the tune it takes us to complete our investigation. In Case of Erron 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-electronic transaction. telephone or write us within lit days The phone number is printed on the front of this statement The address appears above. lino report is received within this period. your account will be considered correct. Mutual Rinds/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, N.A. or its affiliates or any federal or state got ernment or government agency or government sponsored agency. Securities (Including mutual funds) and annuities invoke ins est ment risks, including the possible loss of the principal amount Invested. The distributor of the JPMorgan Funds is J.P. Morgan Funds Distributor. Inc. which is not affiliated with the Bank. The Bank and its affiliates receive compensation from the Morgan Funds for providing =vim% to the funds. Raid the ;Morgan Funds prospectuses carefully for details including fees and tocparna, before investing or sending money. JPMorgan Select Shams of the Connecticut Daily Tax Free Inmate Fund. Inc. and JPMorgan Select Shams of the New Jersey Daily Municipal Income Fund, Inc. arc not part of, or affiliated with. the Alsiorgan Family of Mutual Funtks. Reich & Tang Distributors Inc. and Reich & 'fang Asset Itlanagemait L.P.. which are unalliliatal with JPMorgan. arc the funds' distributors and investment advisor. respectively. Reich & Tang Distributors Inc is a member NASD. IRA Accounts Accounts where the Bank serves as trustee or as discretionary investment manager for an ERISA plan or an IRA that hold Fiduciary Shams (as described below)do not bear any portion of investment. adminisbative.custodian or other charges paid to the Bank or its affiliates for se vices to the applicable JPfsforgan Funds since these charges arc subject to rebate as defined blow. For accounts where the Bank serves as trustee, or discretionary investment manager for an ERISA plan or an IRA. ninth hold shares in the JPMorgan 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 heki. Fiduciary Shares re shares in the Select Shams class of 'Morgan Tax Aware Large Cap Value Fund, JPMorgan US Equity Rind, 'Morgan Tax Aware US Equity Fund, JPMorgan Tax Aware Lane Cap Growth Fund, JPMorgan Mid Cap FAO. Fwd. JPMorganmist Small Cap Equity Fund. .IPMorgan Fleming International Equity Fund. JI'Morgan Short Tenn Bond Fund II, JI'Morgan Bond Fund IL JPMorgan Tax Aware Enhanced Income Fund, JI'Morgan Tax Aware Short-Intermediate Income Fund. JI'Morgan Intermediate Tax-Free Income Fund. JPMorgan Tax-Free Income Fund JPMorgan California Bond Fund. JPMorgan NY Intermediate Tax Free Income l'und and JPMorgan NJ Tax Free Income Fund held in the Bank's mist accounts or in the Bank's investment management accounts for ERISA plans or IRAs. 'Rebate' means an amount returned by the Bank to the account which holds the Fiduciary Shares. The rebate amount represents the portion of servicing firs paid to the Bank by the mutual fund with respect to Fiduciary Shams. Confidential Treatment Requested by JPM-SDNY-00020490 JPMorgan Chase CONFIDENTIAL SDNY_GM_00289688 EFTA01497073