To: epstein, jeffrey (jeevacation@gmail.com)[epstein, jeffrey (jeevacation@gmail.com)]; jeevacation@gmail.com[jeevacation@gmail.com]

From: Paul S Barrett
Sent: Tue 11/30/2010 5:54:22 PM
Subject: Update

Hi Jeffrey

Left you a message. Wanted to give an update on the account. The 2012 euro dividends are down 10% (- $2MM) since early November. Our research still has a 35% upside target from here. I would like to discuss adding to this position.

Can you give me a call when you get a chance.

Thanks

Paul

Paul Barrett, CFA

Managing Director

Global Investment Opportunities Group

JPMorgan Private Bank

40W 57th Street, 33rd Floor, New York, NY 10019

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