05 Account Number: NF FINANCIAL TRUSS NC May 01, 2002 - May 31, 2002 JPMorgan Chase Bank 2002 345 Park Avenue. New York, NY 10154-1002 II3JPMorgan Private Bank Asset Account Portfolio Page 11 of 28 Important InfOrMat4On abOUt PION/and Valuations eves some d MOP re prowled by preing serinCes a other sources shch no deennetabse we rot goateed Ibi et-curacy or as reeAzable valves Valuations co1.rtecounter denvatAte Panzabons =Wm.; eaten derrvatNes.etated depot products have been prepaed on a and -market Ms's These valuebons ete mchGeterc voles as of the close o twsness of the date d this statement and ...Cep: as (Viand° agreed .n "wiry. these valuatOns do rot represent tne aCtO Wins at yaw/I tranaattOnS a 'Bevil*. could be bayed Or sod a nen Sansacham tout, be entered inI0 Or the actual Kona On nrtCh eostAng fransaCtOns a seCotbes 0,c4:1 be Agude,ed as of Me date of ton statement We do not aafrant they canriknianns b artaaey Tole veliatiOns Ire devared PrOm prOpOary m:da based upon retogneed Martial pnroples and ne Pave. when neensary to calculate the present vac* Of future cash f be. s made reasonable Bs:metes abOut relevant tutu.* maker COncbbens Valuations based On other mOd4 H deferentalio/vita/. may red different resuis Morgan e 'Feisty thiClerns any respO9iNey (Or (1) the Bea:Wye/ the medas o estimates used in den 'WV the vadatiOn9 (2) any arias o Ormas+003 on COffixiting o dassemoabng the vekabOns and (3) any uses 10 etre ft the yakiabOns am put Veliabons are prOeded far tnbrmebOn poiposet Only am are Wended *Wily ke your a. use Reese far to the trade COM% eMkin KY derses d each PanSaCtiOn Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00029936 SDNY_GM_00299134 EFTA01504968