J.P. Morgan Securities, Inc., puttable tax-exempt receipts, series 2642Z relating to the City of Atlanta, Ga.'s airport general revenue bonds, series 2004B (Non-AMT) are rated 'AAA/A-1+'. The long-term component of the rating is based on the 'AAA' rated FSA-insured City of Atlanta, Ga.'s airport general revenue bonds, series 2004B (Non-AMT). The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A., scheduled to expire March 12, 2009. The receipt holders' ability to receive the purchase price from the liquidity provider may terminate without notice under certain conditions set forth in the documents. The short-term portion of the rating does not apply to any receipts that are designated "restricted PUTTERs" pursuant to section 2.8
