Standard&Poor's Ratings Services placed its rating on JPMorgan Securities PUTTERs&DRIVERs Trust's series 2359, relating to Illinois Development Finance Authority's retirement housing revenue bonds (Regency Park at Lincolnwood Project) series 1991B, on CreditWatch with negative implications. This action follows Standard&Poor's July 15, 2011, placement of its rating on the underlying bonds on CreditWatch with negative implications. The long-term component of the rating is based on the rating on the underlying bonds (CUSIP #: 451913AH0). The short-term component of the rating is based on the liquidity facility provided by JPMorgan Chase Bank N.A. USPF Criteria: Secondary Market Derivative Products, June 27, 2007
