Terms and Conditions

PLEASE READ THESE TERMS AND CONDITIONS CAREFULLY. BY ACCESSING THIS WEBSITE YOU AGREE TO BE BOUND BY THE TERMS AND CONDITIONS SET FORTH ON THIS WEBSITE. THESE TERMS AND CONDITIONS ARE SUBJECT TO CHANGE. WE WILL NOTIFY YOU OF AMENDMENTS TO THESE TERMS AND CONDITIONS BY POSTING THEM TO THE WEBSITE AND YOU AGREE TO BE BOUND BY SUCH AMENDMENTS AS WELL. IF YOU DO NOT AGREE WITH THESE TERMS AND CONDITIONS, PLEASE DO NOT ACCESS THIS WEBSITE.

Unauthorized use of JPMorgan's websites and systems including but not limited to unauthorized entry into JPMorgan's systems, misuse of passwords, or misuse of any information posted to a site, is strictly prohibited.

You acknowledge that JPMorgan may disclose and transfer any information that you provide through this Website to (i) any company within the JPMorgan group, its affiliates agents or information providers; (ii) to any other person or entity with your consent; or (iii) if we have a right or duty to disclose or are permitted or compelled to so disclose such information by law. You consent to the transmission, transfer or processing of such information to, or through, any country in the world, as we deem necessary or appropriate (including to countries outside the EEA), and by using and providing information through this Website you agree to such transfers. Any information about you that we provide through this Website to third parties will comply with applicable law, including Regulation S-P.

Use of this Website may be monitored, tracked and recorded. Anyone using this Website expressly consents to such monitoring, tracking and recording.

Copyright Notices

The works of authorship contained in the jpmorgan.com/assetmanagement Website (the "Website"), including but not limited to all design, text, sound recordings, and images, are owned, except as otherwise expressly stated, by J.P. Morgan Chase & Co. or one of its subsidiaries, ("JPMorgan"). Except as otherwise expressly stated herein, they may not be copied, transmitted, displayed, performed, distributed (for compensation or otherwise), licensed, altered, framed, stored for subsequent use, or otherwise used in whole or in part in any manner without JPMorgan's prior written consent, except to the extent permitted by the Copyright Act of 1976 (17 U.S.C. § 107), as amended, and then, only with notices of JPMorgan proprietary rights provided that you may download information and print out hard copy for your personal use, so long as you do not remove any copyright or other notice as may be contained in information, as downloaded.

Trademark Notices

"JPMorgan", "JPMorgan Chase", "JPMorgan Asset Management", the JPMorgan Chase logo and the Octagon Symbol are trademarks of J.P. Morgan Chase & Co. Other featured words or symbols, used to identify the source of goods and services, may be the trademarks of their respective owners.

Web Content and Materials

The information on this Website is for information purposes only. It is believed to be reliable, but JPMorgan does not warrant its completeness, timeliness or accuracy. The information on the Website is not intended as an offer or solicitation for the purchase of JPMorgan Chase stock, any other security or any financial instrument.

The information and materials contained in this Website - and the terms and conditions of the access to and use of such information and materials - are subject to change without notice. Products and services described, as well as associated fees, charges, interest rates, and balance requirements may differ among geographic locations. Not all products and services are offered at all locations.

The chase.com website, the jpmorganchase.com website or other JPMorgan websites contain separate terms and conditions, which are in addition to these terms and conditions. In the event of a conflict, the additional terms and conditions will govern for those sections or pages. In addition, certain portions or pages of this Website are subject to additional disclosures and disclaimers. In the event of a conflict between those disclosures and disclaimers and these terms and conditions, the additional disclosures and disclaimers will govern for those portions or pages.

You agree that (i) you will not engage in any activities related to the Website that are contrary to applicable law, regulation or the terms of any agreements you have with JPMorgan and (ii) in circumstances where locations of the Website require identification for access, you will establish commercially reasonable security procedures and controls to limit access to your password or other identifying information to authorized individuals.

JPMorgan or its suppliers may discontinue or make changes in the information, products, or services described herein at any time without prior notice to you and without any liability to you. Any dated information is published as of its date only, and JPMorgan does not undertake any obligation or responsibility to update or amend any such information. JPMorgan reserves the right to terminate any or all Website information, offerings or transmissions without prior notice to the user. Furthermore, by offering this Website and information, products, or services via the Website, no distribution or solicitation is made by JPMorgan to any Website or such information, products, or services in jurisdictions where the provision of the Website and such information, products, services is prohibited by law.

Potential Disruption of Service

Access to the Website may from time to time be unavailable, delayed, limited or slowed due to, among other things:

If access to this Website is unavailable, delayed or limited, or if this Website does not operate quickly and efficiently, you may be unable to transmit your instructions for transactions and other matters, or such instructions may not be promptly executed or you may be unable to retrieve information on a timely basis. If your operations are dependent on such communications with JPMorgan, and such communications are disrupted or delayed, you may suffer losses.

LIMITATION OF LIABILITY

BECAUSE OF THE POSSIBILITY OF HUMAN AND MECHANICAL ERROR AS WELL AS OTHER FACTORS, THE WEBSITE (INCLUDING ALL INFORMATION AND MATERIALS CONTAINED ON THE WEBSITE) IS PROVIDED "AS IS" "AS AVAILABLE." JPMORGAN AND THIRD PARTY DATA PROVIDERS ARE NOT PROVIDING ANY WARRANTIES AND REPRESENTATIONS REGARDING THE WEBSITE. JPMORGAN AND THIRD PARTY DATA PROVIDERS DISCLAIM ALL WARRANTIES AND REPRESENTATIONS OF ANY KIND WITH REGARD TO THE WEBSITE, INCLUDING ANY IMPLIED WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT OF THIRD PARTY RIGHTS, FREEDOM FROM VIRUSES OR OTHER HARMFUL CODE, OR FITNESS FOR A PARTICULAR PURPOSE. JPMORGAN AND THIRD PARTY DATA PROVIDERS DO NOT WARRANT THE ACCURACY, ADEQUACY, OR COMPLETENESS OF THE INFORMATION AND MATERIALS CONTAINED ON THE WEBSITE AND EXPRESSLY DISCLAIMS LIABILITY FOR ERRORS OR OMISSIONS IN THE MATERIALS AND INFORMATION. FURTHERMORE, JPMORGAN AND ITS AFFILIATES WILL NOT BE LIABLE FOR ANY DELAY, DIFFICULTY IN USE, COMPUTER VIRUSES, MALICIOUS CODE OR OTHER DEFECT IN THIS WEBSITE, ANY INCOMPATIBILITY BETWEEN THE WEBSITE AND THE USER'S FILES AND THE USER'S BROWSER OR OTHER SITE ACCESSING PROGRAM, OR ANY OTHER PROBLEMS EXPERIENCED BY THE USER DUE TO CAUSES BEYOND JPMORGAN AND ITS AFFILIATES' CONTROL. NO LICENSE TO THE USER IS IMPLIED IN THESE DISCLAIMERS. NOTHING HEREIN SHALL BE CONSTRUED AS LIMITING OR REDUCING JPMORGAN RESPONSIBILITIES AND OBLIGATIONS TO CLIENTS IN ACCORDANCE WITH APPLICABLE LAWS AND REGULATIONS. UNDER NO CIRCUMSTANCES WILL JPMORGAN BE LIABLE FOR ANY LOST PROFITS, LOST OPPORTUNITY OR ANY INDIRECT, CONSEQUENTIAL, INCIDENTAL, SPECIAL, PUNITIVE, OR EXEMPLARY DAMAGES ARISING OUT OF ANY USE OF OR INABILITY TO USE THE WEBSITE OR ANY PORTION THEREOF, REGARDLESS OF WHETHER JPMORGAN HAS BEEN APPRISED OF THE LIKELIHOOD OF SUCH DAMAGES OCCURRING AND REGARDLESS OF THE FORM OF ACTION, WHETHER IN CONTRACT, WARRANTY, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY, OR OTHERWISE.

Links to other sites

Links to non-JPMorgan websites are provided solely as pointers to information on topics that may be useful to users of the JPMorgan websites, and JPMorgan has no control over the content on such non-JPMorgan websites. If you choose to link to a Website not controlled by JPMorgan, JPMorgan makes no warranties, either express or implied, concerning the content of such site, including the accuracy, completeness, reliability, or suitability thereof for any particular purpose, nor does JPMorgan warrant that such site or content is free from any claims of copyright, trademark, or other infringement of the rights of third parties or that such site or content is devoid of viruses or other contamination. JPMorgan does not guarantee the authenticity of documents on the Internet. Links to non-JPMorgan sites do not imply any endorsement of or responsibility for the opinions, ideas, products, information, or services offered at such sites, or any representation regarding the content at such sites.

Legal entity disclosure

JPMorgan is the marketing name for J.P. Morgan Chase & Co. and its subsidiaries and affiliates worldwide. Securities, financial advisory, and other investment banking activities are performed by securities affiliates of J.P. Morgan Chase & Co., and lending, derivatives, and other commercial banking activities are performed by banking affiliates of J.P. Morgan Chase & Co. J.P. Morgan Securities Inc., member of SIPC and NYSE. JPMorgan Chase Bank is a member FDIC. J.P. Morgan Investment Management Inc. ("JPMIM"), Robert Fleming Inc. ("RFI"), JPMorgan Asset Management (USA) Inc. ("JPMFAM (USA)") and JPMorgan Asset Management (London) Ltd. ("JPMFAM (L)") are all investment advisers registered with the U.S. Securities & Exchange Commission. JPMIM is registered as an international investment adviser (or equivalent) in the Canadian provinces of Ontario, Alberta, British Columbia, Manitoba and Nova Scotia. JPMFAM (L) is an adviser registered with the U.K. Financial Services Authority. JPMorganAsset Management (Canada) Inc. ("JPMFAM (Canada)") is a registered domestic adviser in Canada. JPMIM, RFI, JPMAM (USA) and JPMAM (UK) may also be referred to as JPMorgan Asset Management. JPMIM, RFI, JPMAM (USA) and JPMAM (UK) are all wholly owned subsidiaries of JPMorgan.

Governing Law

In the event any of the terms or provisions of these Terms and Conditions shall be held to be unenforceable, the remaining terms and provisions shall be unimpaired and the unenforceable term or provision shall be replaced by such enforceable term or provision as comes closest to the intention underlying the unenforceable term or provision. These Terms and Conditions shall be subject to any other agreements you have entered into with JPMorgan.

The user's access to and use of the Website, and the terms of this disclaimer are governed by the laws of the State of New York.

Copyright (c) 2004. J.P. Morgan Chase & Co. All rights reserved.