EFTA01509793.pdf

J.P.Morgan FINANCIAL TRUST COMPANY INC ACCT For the Period 7/1/10 to 7/31/10 All positions in this Margin Account Portfolio are held in custody at J.P. Morgan Clearing Corp. rJPMCC1, One Met rotech Center North, Brooklyn, NY 112014859, (347) 843-2578. IMPORTANT INFORMATION ABOUT YOUR STATEMENT Contact your client service specialist if you think your statement is incorrect or you require additional information about a transaction on your statement. This statement is not an official document for income tax reporting purposes. Deposits in Foreign Branches are not insured by the FDIC or any other Agency of the Federal Government: Amounts in such foreign accounts do not have the benefit of any Domestic preference applicable to U.S Banks; certain Foreign accounts are considered reportable to the Internal Revenue Service on a Report of Foreign Bank and Financial Account (TD F 90.22.1). Important Information Regarding Auction Rate Securities (ARS). ARS are debt or preferred securities with an interest or dividend rate reset periodically in an auction. Although there may be daily. weekly and monthly resets, there is no guarantee that there will be liquidity. If there are not enough bids at an auction to redeem the securities available for sale, the result may be a failed auction. In the event of a failed auction, there is no assurance that a secondary market will develop or that the security will trade at par or any other price reflected on statements and online.Accordingly, investors should not rely on pricing information appearing in their statements or online with respect to ARS. Where J.P. Morgan was unable to obtain a price from an outside service for a particular ARS. the price column on your statement and online will indicate -$0.00" which however should not be relied on as the price at which ARS would trade. JPMSI and JPMCC are members of the Secunties Investor Protection Corporation ("SIPC'). Secunties and cash held for a customer at JPMCC are protected by SIPC up to $500,000 per customer, which includes up to $100,000 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. ("JPMCB") are not subject to SIPC. For more information about SIPC Coverage, including the SIPC Brochure, visit www.sipc.org or by calling SIPC at (202) 37t-8300. 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. EAI 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. American 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 statement of this organization Is available to you for personal inspection at its offices, or a copy will be mailed to you upon written request. IMPORTANT INFORMATION ABOUT YOUR MARGIN ACCOUNT Please keep the following in mind when using this statement to track your brokerage activity: This statement combines your general margin account with the special memorandum account required by Section 220.6 Regulation T. As required by Regulation T, a permanent record of your separate account is available upon your request. Important Information about Pricing and Valuations. Certain assets including but not limited to, pooled private investments, non-publicly traded and infrequently traded securities, denvatives, partnership interests and tangible assets are generally illiquid, the value of which may have been provided to us by third parties who may not be independent of the issuer or manager. Such information is reflected as of the Last date provided to us. and is not independently verified. Prices, some of which are provided by pricing services or other sources which we deem reliable, are not guaranteed for accuracy or as realizable values. Free credit balances in your account are not segregated and may be used in the operation of JPMCCs business. subject to the limitations of SEC Rule 1503-3 Unless otherwise noted. JPMCC or its agents and depositories will hold your securities. Upon your demand, JPMCC will pay to you the amount of your free credit balance, and will deliver to you fully-paid securities held on your behalf Account Page 17 of 18 Confidential Treatment Requested by JPMorgan JPM-SDNY-00035348 Chase CONFIDENTIAL SDNY_GM_00304546 EFTA01509793