September 29, 2004 -- JPMorgan Chase & Co. and Chase Capital VII, a Delaware business trust subsidiary of JPMorgan Chase, have announced that Chase Capital VII (NYSE: CBO) will redeem on November 1, 2004, all of the outstanding shares of Chase Capital VII's $350,000,000 principal amount 7.00% Capital Securities, Series G (CUSIP 16147M200) due May 15, 2029, at a redemption price equal to 100% of the aggregate Liquidation Amount of the Series G Securities plus accumulated and unpaid distributions thereon to the date of redemption.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Chase Capital VII, 7.00% Capital Securities, Series G, liquidation amount $25 per share, guaranteed by The Chase Manhattan Corp. now part of JPMorgan Chase & Co. (NYSE: JPM), redeemable at the issuer's option on or after 5/28/2004 at $25 per share plus accrued and unpaid dividends, maturing 5/15/2029, distributions of 7.00% ($1.75) per annum are paid quarterly on 1/31, 4/30, 7/31 & 10/31 to holders of record one business day prior to the payment date while the securities remain in book-entry form. The company has the right, at any time, to defer dividend payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 7.00% Subordinated Deferrable Interest Debentures, Series G due 5/15/2029 which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	7.00% $1.75	$25.00 $25.00	Called for 11/01/2004 5/15/2029	A1 A- 7/03/2004	1/31, 4/30, 7/31 & 10/31 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Company's Online Information Links

HOME PAGE:     http://www.jpmorganchase.com/
Company's Investor Relations Information	Go to Investor Relations Information
Company's Online News Releases	Go to News Releases
Online Company Profile	Go to Online Profile

Company's Online SEC EDGAR Filings

Company's SEC EDGAR Filings

Go to SEC Filings

Company's Email Address Links

Printed Material Request Form on Website

Go to Email Form

Address and Phone Numbers

Address:   270 Park Avenue, New York, NY 10017
Main Phone Number	212-270-6000
Fax Number	212-752-4823
Investor Contact   Julie Bates	212-270-7318
Toll Free Phone Number	866-576-3228

CEO - William B. Harrison, Jr.

COO - James Dimon

CFO - Michael J. Cavanagh