J.PMorgan
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 5/1/09 to 5/31/09
The JPMorgan funds or The JPMorgan Institutional Funds or me American Century Funds
Shares cl the funds are not bank deposits and ate not guaranteedbyany bank government entry a the FDIC Ratan and share pane WM Actuate and redempan yanks trey be mare a less than ceionalcost 1StMC the money market funds sea Ia maintain a stelsb net
nag vela! Of Ill W per share there is no attarSoar that they nut Cannot to do so the astaseKKIannual name and andend yetI Aguas t mutual tunas apreSentthe funds' most Went name dividend sonnet:6d
The debater of the JP‘forpen Funds a JPLecepan Distribution Bermes Inc. whch is en efftele el 'Moven Chase Bonk. NA !I:Vacua Chase Bank NA and as affiliates wan conwensetton torn JPAtagen Funds fa prating stones American Cenhsy
Intestine()aanicee Inc a the distntalor of It. Soloman Century Funds Mwican Gentry Inrestrnent Maneganont Inc saves as onialinees achnsc lo as rauxcbathend Ian...yard rece,..sccopensation (rem Mot had pmt to crowdoverrestrnin1advesorowl 00a
SON•Cea
Important Infer trettonRseardingAuction Rate Socentas (An) ARS are debt a prefeenNIsecure-es rah wanton:4f a divalent rate reset percdcailytn an suction Artibugh date rosy to any weaklyand monthly resets there is no guarantee that Mere we( no 'Nudity If
there arena enough bids et en suction to redeem the securities evalablekv sate. the result may bee failedsuch:A Ina faded auction Piero a no essaance that a seradayntvliet era develop of that the security nut trade star a any eta price redeckd on atalenettla
Accoldnet OVOSICr4 should not tolyon pricing Warm:ion appoenryin thew &Segments with respect to as
reward preffddy advenJPIASI of MittflifatanteS in yew :Dietatentayeawee Cr 0nenCelatitabOn Unless sou dam JPAISI ahenuse JPMSI it hander Ye intarrefr0ntarentYin as Mon tO fry ample. and stare*
Youshoat/ hinerecennIsepatatenNIStconlarnedans for each searibes fransacton AV transit:4cm are sulned o Ste terns and cond eau steed on the reVerSOS'ar of such calinnstions and are subject to the consblubnin. !Antares customs and interpretations of the
trete:pleat wheat executed and governed by end constued n accordanceaim Mo teas a the Stale of New Yak and at AoplcaNeledvallens end togulatons Fun'harinfonnaten rah respect to convnesions and otter chews retitled to the eirecann a transactions.
nichang aeons transabons has been included in osarmebons that were ponecusly fanched to you Upon written request JPIASI wet prorrptly sun/yr:a mIt the blest such Antennae=
Sherehoilletsol torten JPArcrean Funds are chard rederraton foe eau(lo 2% a the proceeds ' they exchanger indoorn shares a such funds wthin 60 days in purchases abaci to caTainncoptions sot forth 07 me prospectus of the AopicatiktFund Please consult
yew JP Morgan repasentatnefor a kst of the JPIAnan Funds that impose redarebon tees
JP Mayan Senates Inc. JPMorgan Chase Bank NA a the. anteetes(the P Stepan Compass) may prated* edemniaatiye mania sales. distriftuna a sharackla Arnica to JPMorgan funds Amercan Gentry Funds a funds estebtaicd sponsored.
advited. Cr managed by sad panANS and an JP ItaganCanpenus may tea Compensated for such servces
Bank products and servces are altered through !PAID-gen Chase Bent NA end ds *Metes Seaton", we offered by J P Napa &cafes Inc
Accou 11
Page 12 of 17
Confidential Treatment Requested by JPMorgan JPM-SDNY-00034747
Chase
CONFIDENTIAL SDNY_GM_00303945
EFTA01509281