J.P.Morgan JEFFREY EPSTEIN ACCT For the Period 9/1/09 to 9/30/09 lenconarn inta net. onftegardueAudn:n Rate Secedes (ARS) ARS med.*: or pre erred socirreas mei en inherit a dividend ratereset poredicolym an aucton Afthough thee may De day weeklyand rronthly resets therers no guarenteelhaf ma'e wit be !Ruddy If Mare are no: enough eds at an soch. on to redeem the secedes aysibblisla sale the result may be a failed aucton In a Wad auctron mere a no assuence that a seconday market rat devotee, Mat the security wit tale atom a any otter price retooled on stair:mimes Accordntot vhieslors should not rely On vfoOng InlamehOn •PpOOrtng an thew slitemients with respect tO ARS you hang 010een a* a We "floe mutual funds you be noted that pose:ens:nth. Plane Money Mahal Seems Fund represent holding, in the JPteorgen Gene Money Martel and. pootens in the FederalMoney Merkel Sweep Fund represent hottangs an the JPMorgan FedarelMoney MarkefFunl and pow:ions m me Tan Eternal Money Medea :GawpFund representhobeGS tel the JPIlagsw Tan Exempt Money ManHO Fund YOuthOold halt received septtanOnOnatmeten* kr seen ainCunbea eansaGen AO lainseehons are sutUOUI 10 the terms end CtindetOns slated On Me reverse see a such COnfrmebOns end be sutyea to the COMM unak bylaws. galena end neerpretiotenaM the masketplmewhere executed and governed by and construed n accordance wag, the laws cline Stab of New Yak and NJ *Meade feint laws and regutabons F urine. meannece with respect to cornmasions and pew charges related to the reakon of rouses:41s. utatedongonftons eanssolab has been mcluckd in means that were previously famine! b you Upon written request JPMSI wee prorrody supply kw 'nth the Wed such nformeten Sheets:Ekes° certain JPMcepan Funds are charged ea redcap:bola:to:quell° 2% of Me proceeds d they malingerer redeem shares of stall funds within 60 days ol purchase subject b certain exceptions se; Iota n ale prospectus el the applcableFund Please consult SW Magentepresentebraor