EFTA01508185

07 2005 J.P. Morgan Securitics Inc. 270 Park Menne, New York, NY 10017 fl JPMorgan Private Bank Account Number Margin Account Portfolio Page 18 of 18 FINANCIAL TRUST COMPANY INC July 01, 2005 - July 31, 2005 PAPORTAIVT INFORMATION ABOUT VOV* STA TFJPENT COMO« yOur <Mfl ant* SpeCteetit It yOu ~VI yOur ~~~t Si ~~~ Of yOu /Maria •40~~ IMOMMthle ebOut • treflettOrl OfI yOter~e~~ JNISIis e meint:ed the Seconbas knystarProfecton Gorporabon eSIPG") e noProPproNmembers~ccrpotabon frOed by frokerdeelventsleferfroth the Svertesene ExchangeGurenesson Seumbes ond cesh held fora tustene eccort el JONS!~ profecled vp to tre lotet ref oputycr~h eccort The Ust $50C1000 c<proJecton wOci, incluess up lo $109600 ot ~en Mr case o provelodby SIPC As ot March Xi04, the eatiteueof Me pr~cOon e piorded by a ap✓aYExaasSlFlC Sure/yBond tasuo0 by Customer Ass., Probcfbn Company SO:C red ora:iss51PCprotesten do rue ~kul estainst tasses from Auctoebons ul the vatt/co/the ~antas Assets hedm custody by JP~rgan Chat*Ork NA (the Sentt")~not sutpect lo S/PC cf ex= s &Pep:040~n P Urnen Securees Inc J~oroen Chase• ark NA or theraffeetes(the Worgan Grtporeter)inaypicrUeed~~C~Cdtfte seles doestonen shenehotdorscevetesto Aoleergetn Fonds AmeconCentuyFonds or lunds «Ublu!~ spre:~ «1~ or ~mord by flod pattes and the Modn Gruenes msy be eornpenseledla sur senat IMPORTANT INFORMATION ABOUT VOUR JPACI MARGIN ACCOUNT throu enT wen or rooloolOor n thir Srarg"." Or St TOIr tare ny Ottesttons MUNE it, pletno contact your JPAISI Account Representabve or ~SI ComPt~~ DoPortment at ~ose &bo ~ lottowyo ~I oden isong /ho sloSnot b back your JPOPSI btreragoectivty The stelement contmes imos penere.~vin ~ert v.& the specalmenetanOwn «cote. reguredby uNturt T As ~goodby Reoulebon e peenweatteconfot yoor sope, ~orer, o ave~~pon >utemmet Important tatomietion arga ~Mp and ~etle« Aras some of *hr roro ptorecled bypomp sieruces ce ~er Santa *hb,' n dean reasble ev not gutere:~ for accurecy or es reekzebe veives Freecredrt ~entes en yarr moare ~not segregatedand may be used in the op:aberof JPM9s business suepect to the Ørens cd SECRub Ibc1J Untess ~rase naute! IPAISlce As spett and depostes wol Øyar spante, Up>, your demoni JAMS w,ipyto yOu the amor; d yOut kleaede~lett end w,Odewwb 1.0o tery-pildsecuotes NSI On yOut bene« Inloreet w4 be the/peon ertdeb4 Stemt the ~6~ ot esiculding ettot ~nite, e bas, sen( b ot~ ev:toeren Taushoukt hemrecredseperateJPAISt conlernebons for oach secuotes Vansecten AOtrnsade,s resuØ b ab lernu end redere sts~on the re~~~ or ser confirmsbees end aresuty~ b the pre/etm. bylass cusbms ØmMsveatonsd the ~~~~where 'haute.:tal ~nede, end COnSerue0 otecvdooto hvin', the lena tb Stele or New Y.»and et oppoosNolocioraOstra end tootAflons Furtherinformstr mfn ~pest to commers and antennes utested lo Ille eoeuRion ot transacboos ~ing opeons Pensa:bone has bor mclueed confrmeeons :hat ~roprovettsepturntshed to you Upon ~Neo tettast Jrnot4St peorrpny supply y» ~h the last such snIcr~bon He pertalce0 nottlei~ ~tatt» mate deabes inclo~~ }uer ~egn APPount sne odMontana «ø ty • ~hal 11.0 doen, /armod equoble *ente! promp* elvesJPSISIdnavelcfranosa yxe montmentc~ches Or feencriadeabon V/MMayOum{amJPMSoHewvse.JPMSwRCOnedwY,eMamlØørnbylnesklMfobe ~Øne ard accesale "'Sl a ilal e bank syl ise separate legat entify from At bank 0, Vrir "Wen mcluchng JOIKE, ?ne seer!~ sutd "red er recommencted by ~SI (I) An not ~ad by the Fecletal Deptert Maurane. CorpOret~. el an) orner go,errmnlw agency. ø Are not Seoul, or aller oblgetens ot JPIASts benkar VM ~ho (urts ~mose ~tutl) and re not ouerenteed byr the reapcosetety dalry sur afMeSes(unbss mpleety st tad ~ane) ond (9) ~0~ «veet, ent rekt. intrutteu ~OS KOS 0, the pirib,o4 Kw...sted fireAS16 bantu, sagaes~y be lendets to ~e ol serai/es aret JOUS/ ~et, to whch esse yrete** cl "flogs urdaworen by JAMS ~y bo esel ~ the remmene& ~h bana sod you ~ull ulet to the dockoute cfccuments rotere to ~celt 8~4~ Ar discomoon ol avmåta landing reioNzoolbps The redereUtoserverequtes the, "AS/ obien >out cone~ Oetcr~ can obtao ~tan infO~I~ban 13 bank &Mort •~4~3 opera Hal CPI6f ~betona yde Wo xuv osb are MO:~ COnanuing to tranen bustne.ss sne t witiconsttude >ourcon-bot to the~vov ot sur ~bon by !PM& and es banko. ~N ethAetes b the eeNotperrrelled by~ "loven ~ete Benk ts Ja ~enn.) nome fr Ib pota banking buSMOSS Conelutbd by JP Magen Chtue 6 Co rntough ds subspes ~ale incluctug JPMCB end *5551 Confidential Treatment Requested by JPMorgan JPM-SDNY-00033372 Chase CONFIDENTIAL SDNY_GM_00302570 EFTA01508185