For the Period l0rlrl I to 10/31/I I JPMCC and JPMS are members of the Securities Investor Protection Corp ("SIPC"), a not-for-profit membership corporation funded by broker-dealers registered with the Secunties and Exchange Commission. Securities and cash held for a customer at JPMS and JPMCC are protected by SIPC up to 5500.000 per customer, which includes up to 5100.000 of protection for cash. SIPC does not protect against losses from fluctuations in the value of the securities. Assets held in custody by JPMCB are not subject to SIPC. You may obtain information about SIPC, including the SIPC Brochure, on their website, at *Www.sipc.org" or by contacting them at (202) 371.8300. To the extent applicable, please note the following regarding estimated annual income (EM) and estimated yield (EY): EAI and EY for certain types of securities could include a return of principal or capital gains in which case the EAl and EY would be overstated. EAl and EY are estimates and the actual income and yield might be lower or higher than the estimated amounts. EY reflects only the income generated by an investment. It does not reflect changes in its price, which may fluctuate. JPMS, JPMCB or their affiliates (the "J.P. Morgan Companies") may provide administrative, custodial, sales, distribution or shareholder services to JPMorgan Funds. American Century Funds, or funds estabrished, sponsored, advised, or managed by third parties, and the J.P. Morgan Companies may be compensated for such services. A financial statement of this organization Is available to you for personal Inspection at its offices, or a copy wit be mailed to you upon written request. Bank products and services are offered through JPMCB and its banking affiliates. Securities are offered by JPMS and, to the extent noted above, cleared through JPMCC. If a partial call is made with respect to an issue of securities included in your Accounts we will allocate the call by a method we deem fair and equitable.