THE RAZE TRUST ACCT Account Summary For the Period 6/I/I I to 6/30/11 Beginning Ending Change Estimated Current Asset Allocation Asset Allocation Market Value Market Value In Value Annual Income Allocation Equity 3,023,100.00 2.999.700 00 (23.400 00) 15% Cash & Fixed Income 16,781,975.39 16,571,589.76 (210,385.63) 1,188,532.40 85% Market Value Accruals 919.806.076.39 13538058 019.671.229.76 142802 89 (6233,785.83) 744231 $1,188,532A0 100% g e' Market Value with Accruals $19,940,436.97 319,714,092.66 (6226,343.32) &Way CaSh Current Filed InCOMC Year-to-Date Portfolio Activity Period Value Value Beginning Market Value 18,806,076.39 0.00 Contributions 20,000,000.00 Net Contributions/Withdrawals $0.00 $20,000,000.00 Income & Distributions 90,915.58 27,128.09 Change In Investment Value (324,701.21) (455.838.33) Ending Market Value 919,571,289.76 319,671.2139.76 Accruals 142,802.89 142,802 89 Market Value with Accruals $19,714,092.86 $19,714.092.65 J.P Morgan Page 2 of 10 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00026229 SDNY_GM_00295427 EFTA01501825