JPMorgan 0 Private Bank FINANCIAL TRUST COMPANY, INC. ACCT. For the Period 7/1/08 to 7/31/08 You must oomph's's:NueJP/A.9o/ nettenetchemges in sour ovestmere othecb eia lesancietseuebon Unless sou Warn JAI& °Verne. JAMS weer anode ble internal°, °wreath, in its tees to be °cookie end ware* You shoal have receeredseperateJPSISI conremabons ise each securdesteanswton AN frensectrons restredect to the teems and =oaten, stated on The reverse sde ci such conformetons and are asked lo the constduban bylaws. customs and oder prefab:nod the Maddepl•Cerehere (neared and gOvemed by and COMP WO n toCcadenOewiM the laws of the Slate a New /tit and aseppkebafed(vaaws end regubbOns Fixity( ntormeton weft respeCI10 00nerresCns and Other °Woes related to the execution Ot PensaChOra. reading options trensactoons. has been =Wed in confrmabons that wee peecuslyturenahed to 'al Upon antten request JP M& will promptly supply you verth the latest such mint= Shareholdersof certeesJPIA Funds notepad roderrpbon lee squat to 2% of the proceeds it they exchanged redeemshenss Gauen funds vat 60 days or purchase. subject to oaten exosohcas set forth in Me pospedus &the asolcebleFund Fteeseconsul you JPIkrganrepresentsbesfor a add Me JPfd Funds that impose nJorybon lees. JAMS) is a manbrdthe Sacurebas Investor Prntechon Cceperaton(SIPC7 a noldy.prola memberslms corporabon funded by brolorralsrs registered wah the Securtes and ExclungeCommapon Searems and ash had ke • customer • I !PUS, we protected by SIPC up to MOM per castoffs*. which Stades up to 510000 0 o f protection la ash WC does not plant epainet/Cefea Peen Atksbunsi, the valued Me SeCtribel Assets heed in custody by 'Mogen Chase Bank NA (the 13enk7erenor stipact b SIPC You myobtain nlarnebon *bey! SIPC. includes; the WPC Brocrea on Mew **AS et 'Wee sec ay a bycontscang Mom el (20a 3714300. J P Wpm Securities Inc. JAUcrgen Chose Bank NA. Mee eMtetes(the 'Mown Convenes' iney provide admeaftebre.CuStOdel. Wes eAsMbutiOn a e