J.PMorgan FINANCIAL TRUST COMPANY INC ACCT. For the Period I UIMS to I 1/30/08 The JP•donpn Funds or The JPStorpen Institutional Funds or TT* Amen'can Century Funds Shares cl the funds are not bank depossts an! are not guaranteed by any bank ocennrront minty or he FCC Return and share pesos wax nictests and redemption value may be mama less than ottonslcost 14~ the money market funds seek la ms+n&stn a slabb net Inset Weed St W per share Mete is no assurance:het they en confine* to do ao The tonnoted ennuatxxcns and denied PP houses la ~OP funds nspresenithe tends' most tecenbncome done d ennttetled The dattnfor of the JPMorosn Funds a JPIdcrom Dolnbubon Servos Inc. witch as en 0Mbet 'Pitman Chase Belk NA JPIforosn Chase Bank NA and as &Onto, redeem compensetton tom JPOActgan Funds Ice passing senses Amensan Century Inetattrer4Seroces Inc ts the dotnbtaor a' Ins Amway, Century Funds ~an Century Imostmen IttAanspemonl Inc 1.1.2 as ern...Mors hischnscr so tki rompottntund tamuyard rece4esorponation from then fund lernyb pvvhing.nrestman1 advgsoryoncl Mot survima Important Info er•Son RegarchngAuction Rate Searches (ARS) ARC ate debt or ~rod secure« min an interest cr din!~ rate roost percdcaaym an section AirAzogn Mans may be day week and monthly resets them a no gunntoethet ~reed Ms »paddy II thee arena! aØØ at an "'shoo So redeemthe socuntes ~Nub sale the man any bee ladedauden Ina laded actor, more a no asstrance Prat a secondary rnstket w4 ~Popp that U141 seamy who trade at pp or anyOther pnce redacted on slitlenents Atx•rdripty. net should na royal own, tedormaton apnoeas; in thee statements with respect to ARC Jell& et the CustOcInn is< Wed OpteOntl potliesed thrown JPIAS1 You must protrolly adviseJPISSI of metenalchanton n toot tmestment"ectves Memo' Mutton UnkassouidamJPMSlatlanvse.ØMSIwrØdnYonhnebonanrcnymdsMetobe compiste and ~ate You shoutl hayerecenedsepataleJAIS1 confirm:dons la each section's Vansecnon fransacbons we subsect to Me lim