Jan. 6, 2006 -- JPMorgan Chase & Co. and Bank One Capital V, a Delaware business trust subsidiary of JPMorgan Chase & Co., have announced that Bank One Capital V (NYSE: ONEPRV) will redeem on February 5, 2006, all of the outstanding shares of Bank One Capital V's $300,000,000 8% Preferred Securities (CUSIP 06423P209) due January 30, 2031, at a redemption price equal to aggregate Liquidation Amount of $25 per 8% Preferred Security plus accumulated and unpaid distributions thereon to the date of redemption. Normal distribution in the amount of $0.50 per 8% Preferred Security will be paid on January 30, 2006, to holders of record at the close of business on January 27, 2006. On the Redemption Date, distributions on the 8% Preferred Securities will cease to accrue. Payment will be made on February 6, 2006, only upon presentation and surrender of the 8% Preferred Securities to J.P. Morgan Trust Company, National Association as Paying Agent, for cancellation.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Bank One Capital V, 8% Preferred Securities, liquidation preference $25 per share, guaranteed by Bank One Corp., now part of JPMorgan Chase (NYSE: JPM), redeemable at the issuer's option on or after 1/30/2006 at $25 per share plus accrued and unpaid dividends, maturing 1/30/2031, distributions of 8.00% per annum are paid quarterly on 1/30, 4/30, 7/30 & 10/30 to holders of record one day prior to the payment date. The company has the right, at any time, to defer interest payments for up to 20 consecutive quarters (see IPO prospectus for details). The trust's assets consist of the 8% Junior Subordinated Deferrable Interest Debentures due 1/30/2031 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	8.00% $2.00	$25.00 $25.00	Called for 2/05/2006 1/30/2031	A1 A- 1/30/2006	1/30, 4/30, 7/30 & 10/30 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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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