QUANTUMONLINE.COM SECURITY DESCRIPTION:  JPMorgan Chase & Co., formerly the Bear Stearns Cos. Inc., BearLinx Alerian MLP Select Index ETN (Exchange Traded Note), maturing 7/20/2027, linked to the Alerian MLP Select Index, and with a principal amount of $38.8915. INDEX DESCRIPTION: The BearLinx Alerian MLP Select Index measures the composite performance of energy oriented Master Limited Partnerships (“MLPs”), and is calculated by the Sponsor using a float-adjusted, market capitalization-weighted methodology. The MLPs underlying the Index are generally limited partnerships engaged in the exploration, marketing, mining, processing, production, storage or transportation of any mineral or natural resource. The ETNs do not guarantee any return of principal at maturity. The Notes will pay a coupon on a monthly basis in an amount per Note equal to the difference between the gross cash dividends from the MLPs in the Index attributable to the Notes (adjusted for the relative weightings within the Index) in the prior month less a tracking fee of 0.85% per annum. See page PS-21 of the prospectus for examples of the coupon payment. The ETNs may be redeemed at the option of the holder as of the last business day of each week during the term of the Notes but only in groups of 75,000 securities at a time. On the Maturity Date, the holder will receive the Cash Settlement Amount, an amount per Note in U.S. dollars equal to (i) the Principal Amount multiplied by the Index Ratio minus (ii) the accrued tracking fee, if any. See page PS-9 of the prospectus for further information on the maturity payment and page PS-23 for hypothetical examples of the maturity payment. The initial value of the Index is 388.915 as of the pricing date of 7/19/2007. The Notes are not principal protected and therefore at maturity the holder may receive less, and possibly significantly less, than the principal invested. The ETNs are unsecured and will rank equally with all of JPMorgan Chase & Co., formerly The Bear Stearns Cos. Inc., unsecured and unsubordinated debt. See the IPO Prospectus for further information on the ETNs by clicking on the ‘Link to IPO Prospectus’ provided below.

Notes:  May 31, 2008 -- JPMorgan Chase & Co. (NYSE: JPM) announced today that it has completed its acquisition of The Bear Stearns Companies Inc., effective 11:59 p.m. EDT on May 30, 2008. As a result of the merger, each outstanding share of Bear Stearns common stock was converted into the right to receive 0.21753 shares of JPMorgan Chase common stock. Depositary shares, each representing a one-fourth interest in a share of Bear Stearns preferred stock, will continue to trade on the New York Stock Exchange, and such of Bear Stearns’ debt securities as traded on the New York Stock Exchange or American Stock Exchange immediately prior to the consummation of the merger will continue to trade on those exchanges.

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HOME PAGE:     http://www.jpmorganchase.com/ (This parent company URL is for reference only and does not have specific information on the security.)

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Email Address

JPMCinvestorrelations@jpmchase.com

Address and Phone Numbers

Address:   245 Park Avenue, New York, NY 10167
Main Phone Number	212-272-2000
Fax Number	212-272-4785
Investor Relations   Lauren Tyler	212-270-7325
Toll Free Phone Number	866-576-3228