JPMORGAN CHASE & CO — Director's Dealing 2007

Dec 3, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: J P MORGAN CHASE & CO (JPM)
CIK: 0000019617
Period of Report: 2007-11-30

Reporting Person: ZUBROW BARRY L (Chief Risk Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-11-30	Stock Appreciation Rights	$45.5500	A	1000000	Acquired	2017-11-30	Common Stock (1000000.0000)	Direct

Footnotes

F1: SARs vest and become exercisable in five equal annual installments beginning November 30, 2008. Shares resulting from exercise must be held at least until 5 years after the grant.