JPR CAPITAL'S STATE REGISTRATION

-Only residents of those states which have approved JPR's application
for registration as a broker-dealer may open an account with JPR. Please
refer to the chart below containing the registration status of JPR in each state.

SEC / SRO / Jurisdiction	Registration Status	Status Effective Date
SEC	Approved	12/13/1995
NASD	Approved	12/13/1995
AL	Approved	02/02/1999
AK	Approved	04/12/2000
AZ	Approval	05/22/2000
AR	Approval	05/04/2000
CA	Approved	10/16/1997
CO	Approved	11/30/1998
CT	Approved	05/06/1996
DE	Approved	07/20/1999
DC	Approved	08/29/1999
FL	Approved	07/02/1996
GA	Approved	09/28/1998
HI	Approved	01/04/2000
ID	Approved	08/05/1999
IL	Approved	01/04/1999
IN	Approved	09/30/1999
IA	Approved	09/21/1999
KS	Approved	05/09/2000
KY	Approved	03/23/1999
LA	Approved	04/07/1999
ME	Approved	07/17/2000
MD	Approved	09/14/1998
MA	Approved	10/08/1998
MI	Approved	03/03/2000
MN	Approved	03/22/2000
MS	Approved	07/17/2000
MO	Approved	07/17/2000
MT	Approved	03/30/1999
NE	Approved	7/31/2000
NV	Approved	06/11/1999
NH	Approved	02/11/2000
NJ	Approved	04/15/1997
NM	No Status	03/28/2000
NY	Approved	06/07/1995
NC	Approved	11/29/1999
ND	No Status	07/20/1999
OH	Approved	02/05/1999
OK	Approved	03/25/1999
OR	Approved	03/16/1999
PA	Approved	04/30/1999
PR	No Status	07/20/1999
RI	Approved	09/09/1999
SC	Approved	02/05/1999
SD	Approved	01/10/2000
TN	Approved	02/22/1999
TX	Approved	11/01/1999
UT	Approved	05/24/1999
VT	No Status	07/20/1999
VA	Approved	08/16/1999
WA	Approved	11/02/1998
WV	Approved	08/02/1999
WI	Approved	08/02/1999
WY	Approved	11/29/1999