EFTA02393665.pdf

"From: Barrett, Paul S Sent: Friday, March 30, 2012 5:45 PM To: Epstein, Jeffrey ([email protected])"

"Subject: $6mm of IMSA 03-3 M2 @ 78-00 (10.24% yield / 2.64 durn)"

"This message is a product of sales and trading and is not a research report... available at http://www.jpmorgan.com/pages/disclosures/email."

"This is an example of the bonds I think we should accumulate. Let me know when you have free time to discuss."

"Cc: Giuffrida, David... http://pscppvl.amer.jpmchase.net:8080/BlueSkyPage.html"