JPMorgan Private Bank JEFFREY EPSTEIN ACCT. For the Period 5/1/08 to 5/31/08 Important Information about Auction Rafe Swung*, (ARS) ARS are debt or petered moven: nth an :Merest or &room Ingerase ponedcaly an an &unison AR/sough Mare mey be daily, weeny and month* feasts there a no guarantee Net there era be tquelety If there are not enough Gds M an cacao° to redeem the secuntos enretre tp sale. Ine resut rney bee Wed auCbon In it figetlauCtto. Mete a no Manna that a SeCOnderyintirkirtwa derieMe or that the Seeunty ea Modest par Cr another pace fentotted On Statement, ACOadingar imesta* MOW not fey an Xiang Marnneben •Opearng n thee statements with respect to ARS 7ho distrbutor of the JPMorgan Funds is JAMorgen astnbuton Sens Inc. elect, s an off eted JPVcrien Chase Bank NA JPMo'gin Chase Sank N A and as aMOoacos wow compensation tom !Plana° Funds Ice pronging senores Amencen Canny ImestmentSennote Inc a the distribute car the Amercen CenturyFunds Amencen Century Investment Managementinc :enemas investment adviser to Cs rospectne fund Alm/yard nocoaneaccomponsatoon from that fund bevy for pavan, omestrrant advacryand other sewn If you hens chosen one el the snow mAusi funds you we notified Net poseons n the Pierre Money Metre Same Fund representhollings in The JPMorgan Mane Money Merkel Fund nos:eons on the FederalMoney Merkel Sweep Fund represent had:nos in the JPMorgan Federstsloney Men t Fund and poserons m me Tax Exempt Money Male • t SnoopFund nepresonthoefings tri the JPMorgan Tax Exempt Money OrterAMFund JAMS! is the Custothen M late r 1 Optirma end most usual funds. nflichng Ned party mutual funds. purONMedthrOuph JAMS! You shout he.. rectiorodsopmeteal4S1 confamMons tor each secunnes Venda-bon AV trensettons ere sagest lo the terns end modems stated on the rare strati. of such eacnAnnatons end &sucked to the constitutor,, braves customs and interpret:Mona of the nwketplace won commuted and governed by end cons Sued a aCcOrdanCO am Na laws of