Chase Capital VIII Redemption

JPMorgan Chase & Co. and Chase Capital VIII, a Delaware
business trust subsidiary of JPMorgan Chase & Co., have announced that
Chase Capital VIII (NYSE: CCB) will redeem on July 31, 2005 (the
"Redemption Date"), all of the outstanding shares of Chase Capital
VIII's $250,000,000 8.25% Capital Securities, Series H (CUSIP
16147R209) due July 15, 2030 (the "Series H Securities"), at a
redemption price equal to the aggregate Liquidation Amount of the
Series H Securities plus accumulated and unpaid distributions thereon
to the date of redemption.
   On the Redemption Date, distributions on the Series H Securities
will cease to accrue. Payment will be made on August 1, 2005, only
upon presentation and surrender of the Series H Securities to The Bank
of New York as Paying Agent, for cancellation.
   JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial
services firm with assets of $1.2 trillion and operations in more than
50 countries. The firm is a leader in investment banking, financial
services for consumers and businesses, financial transaction
processing, asset and wealth management, and private equity. A
component of the Dow Jones Industrial Average, JPMorgan Chase & Co.
has its corporate headquarters in New York and its U.S. retail
financial services and commercial banking headquarters in Chicago.
Under the JPMorgan, Chase and Bank One brands, the firm serves
millions of consumers in the United States and many of the world's
most prominent corporate, institutional and government clients.
Information about the firm is available at www.jpmorganchase.com.