10 JPMorgan Chase Bank, N.A. 2006 345 Park Avenue, New York, NY 10154-1002 Account Number FINANCIAL TRUST COMPANY, INC. October 01. 2006 - October 31. 2006 JPMorgan 0 Private Bank Asset Account Portfolio Page 8 of 8 ExpiaratiOn of JPMSI Ratings: JPMorgan uses the taksovng tome system Overweight. Over the nett sx to MeV', monehs no e. peel this Woe* !tog ou4oedorm tln&Jennettailreturn a the stacks o the analyst's (ce ale sneyst's ream's) coverage universe Neutral: Oaf the nett set to !Ache mantle we expect YR: stock wh paten, .n Ana wen to overage tote! return of the stocks n the anasts (a the analysts toarn's)coeerags univase undenveight: Ova the nett ex to Mere months. *learnt:tot this etcA na, unsex perkom the *bane total return a the stocks in the analysrs (or the aneysta team's) coverage universe Independent Research Ratings' JPMSt does not et-dazea otnavnse adopt Me IndepenlentResearchPronclencocarchandtirrategs Ofierentlems use a variety& items tams as hall as diforert teen's systems to dasatethat recommoodetons !PM& uses a -retatNerahngs system as deserted stove IRPs may use a rterentrahros 3Sliara such as as So ...b$0.11defig0 94 system and use such terms as UV. ?IOW a •Sed- Sive "reastne.and togs systems ara tuncenentakY &Tweet YOU SaSaaa reed careludY the &Anton: of all tangs used n the JPIASO and /Pen:easier, Ma: s rneUdecl m the research tat for this reasonand since the research contrails the bass kr re tames as wee as compete incarnate., coneenung the analysts vans you should reed tank* the resewchard not eta 45 contents from the rata' atone JPMorgan Private Bank n The markehng name kr the pentes tvinlverg busenoss conducted by J P Morgan Chase& Co through its subsdrones mai:twee inctuleg .IPM:tgan Chase Bank NA 1P Morgan Trust Company. N A and J P Morgan &cat*: Inc Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00037896 SDNY_GM_00307094 EFTA01512051