JPMorgan
Private Bank
FINANCIAL TRUST COMPANY, INC. ACCT.
For the Period 8/1/08 to 8/31/08
In Cu. at Enron Or QuitalSOnS Abair VOW ElilaYerile Tranifn.
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Important Information about ROOM and ValuattanS
Colon 'use's muting but not hinted to pad& pwee nnesterenta non-pubic* tooled and ettnguenby traded 'eosins'. eltrivatnee partnership interests and tangible assets are generaey 'Mod the value of anon nay harebeenreread to us by Pod pales who
my rot be info:ie.-dent el the is"..cr or manager Such nlamebcn a teitededes 'melba last date provded to us and u not edependenby veiled
Prices "are a nItch are;woodedby axing samosa otter sources which we deemramble arena guaramieelfOr accuracy°, as nooteadewalues
Market value intametiOn (inetioNng without keutaton pnces. etchings's*. accued incom and bond ratings) ilernoned harmhas been *Named &Om sources that the Bank tieboteS 10 be rea004 and is funksned for Me exclusive use of the Mot The Sank maim no
nynosenSaloon warranty& guarantee empress*. rripbeel that any quoted vakereptesents the (paw:tarns at "itch Pansechcm a scounbescaal be bought a sore a now transactions could be cnkirechnto a the actual Yams on which existing transactions a 'counties
Mold beIqudated
The Currentpose e the 'alum( the financialasset Share unit a conaact as pnecd al the apse a Me market On the lest Owe/the stamen' periodos tne last avalabbprice
Al values provoled tor strd✓ed rod deposits for cramp,. !Wagon London Time Deposits)lened the aromi dopes! amount my
The comsat valuator RealEstiat Mineralinterests are bbscosaneous Assets may not naleCtthe roof: anent vete al the asset
Vallatons d put-ttetdmtedwwehvewansactons educling certain dawabv09NWMYllepatt product" tune been peopatedon a md-matlet basis 7hose valuator". aro indcative valunial arty dose of business cl the dale of the statement end, except as Memo*
agnsedin whiting. these yababons do not representMe scat teems at Mich transactionsa securtesoould te bought a soda new fransectionsccad be entered inon a the actual terms on etch exating transactoos a :countiesmud be Lquirdatedas say dale of the
itilarent Wedo not wnent ther completeness
pMarossa *Ming , These vat/atom we deweda an propmeaymxtets based upOn witliOe0:ontedbientielpsonOpleS and we have Mien neasseryt0Catuteletne anent valued future testi news medereesenade estimates
about roisvant fauns market cannons Valuations based an other modob a dewrom assumptions may peklaWeientresues Morgan expresslydadams any besponsibiaryka (1)Me ecc✓erya the models a oshmates used rn &orange,* valuetens. (2)tiny ems a
ammo: n computro a thiseennetirq the valuation. and Many uses to which Me valuationsweput VetrabonS sepevdedb enfamebon p✓poses orgy
and seintended solely (a your own use Ffeaserefab the trade confrmabonlor detailsa each bannoben
At your request assets may be renectolharem even though they as held by a Med party unallietoindli JPMorgan In such case unless JPMorgan otherwise once JPMorgan has no reopen:6"y", Me (agitation valuation sale...apnea nunapcinentot those assets
PAoasonowewoour sentiment promptly and report anychsaepancesinviodeeinyb an account office whose nano. appears cn the contact paged this statement
Important InfoirrationRagarchngAuction Rate Saimaa.as(ARS) ARS are debt a pnytomesecunbes "Oh en interest a &Mind'ate resetpotrodosayin an &Mon AltImign More may te daily. et.* and manly resets Maoris no guivanteethat there win be bawdily If
Mae wenot enough Oda et an action to redeem the securities aveAbblelor sale the issue may bee fadedaueban Ina Sad auction there a no assaancelhat a secondary market we develop°. that the seamy wan bade at ter a &veer:taco raged',"on staterrenls
Accadngly alvesPOra anO(M not rayon prsteg sorompbOn aPeflenryin Mae tdatementl with reapedto ARS
JPMSI a the custodian el Asted options and most mutual funds nardong that party refuel funds purchased through JPIAV
Account Page 10 of 11
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Confidential Treatment Requested by JPMorgan JPM-SDNY-00038228
Chase
CONFIDENTIAL SDNY_GM_00307426
EFTA01512381