J.P.Morgan FINANCIAL TRUST COMPANY INC ACCT. Q30171005 For the Period 4/1/10 to 413W10 Shareholders of certain JPMorgan Funds are charged a redemption fee equal to 2% of the proceeds if they exchange or redeem shares of such funds within 60 days of purchase, subject to certain exceptions set forth in the prospectus of the applicable Fund. Please consult your J.P. Morgan representative for a list of the JPMorgan Funds that impose redemption fees. JPMCC and JPMSI are members of the Securities Investor Protection Corp ("SIPC"), a not-for-profit membership corporation funded by broker-dealers registered with the Securities and Exchange Commission. Securities and cash held for a customer at JPMSI and JPMCC are protected by SIPC up to 5500.000 per customer, which includes up to 3100,000 of protection for cash. SIPC does not protect against losses from fluctuations in the value of the securities. Assets held in custody by JPMorgan Chase Bank. N.A. (the "Bank-) are not subject to SIPC. You may obtain information about SIPC, including the SIPC Brochure, on their website, at "wmv.sipc.org" or by contacting them at (202) 371.6300. To the extent applicable, please read the following disclosures regarding estimated annual Income (EAI) 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 EAI and EY would be overstated. EAU 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. JPMSI, JPMCB or their affiliates (the "J.P. Morgan Companies) may provide administrative, custodial, sales, distribution or shareholder services to JPMorgan Funds, Arnencan Century Funds, or funds established. sponsored, advised, or managed by third parties, and the J.P. Morgan Companies may be compensated for such services. A financial stat