JPMORGAN CHASE & CO — Capital/Financing Update 2004

Jun 1, 2004

424B2 1 mtn17.htm JPMC RETAIL MTN 17 Pricing Supplement No 17

Pricing Supplement No. 17 Dated May 27, 2004 (To Prospectus dated August 19, 2003 and Prospectus Supplement dated October 27, 2003) Rule 424(b)(2) File No. 333-107207 CUSIP #: 46627B AP6

J.P. MORGAN CHASE & CO.

[ ]	JPMorgan Chase Senior Notes, Series D Due Nine Months of More from Date of Issue
[ X ]	JPMorgan Chase Subordinated Notes, Series B Due Nine Months or More from Date of Issue

Aggregate Principal Amount: Price to Public: Agent's Commission*: Proceeds to Company: $ 7,937,000.00 100.00% 2.625% $ 7,728,653.75

*J.P. Morgan Securities Inc., acting as lead agent for the agents listed below, was paid a portion of the agent's commission, equal to .125%.

Agents
Edward D. Jones & Co., L.P. Merrill Lynch & Co. Wachovia Securities UBS Financial Services Inc. Charles Schwab & Co., Inc. Raymond James	$ 6,560,000 610,000 340,000 320,000 82,000 25,000

Original Issue Date:	June 2, 2004
Stated Maturity:	June 15, 2029

Form: [ X ] Book-entry [ ] Certificated

Currency: U.S. Dollars

[ X ] Fixed Rate Note:
Interest will be computed on the basis of:	[ ] the actual number of days elapsed in a year of 360 days [ X ] a 360-day year of twelve 30-day months [ ] Other

[ ] Floating Rate Note:
The interest factor for each day will be computed by dividing the interest rate in effect on that day by:	[ ] the actual number of days elapsed in a year [ ] 360 [ ] Other

Index Maturity: N/A

Annual Interest Rate: N/A

Frequency of Changes in Interest Rate: [ ] Daily [ ] Quarterly [ ] Weekly [ ] Semi-Annually [ ] Monthly [ ] Annually

Interest Payment Dates: Monthly on the 15 th or next good business day, commencing July 15, 2004.

Interest Determination Dates: N/A

Interest Reset Dates: N/A

Spread (+/-): N/A

Multiplier: N/A

Maximum Interest Rate: N/A

Minimum Interest Rate: N/A

Survivor's Option: (Yes/No) No - Not applicable for Subordinated Notes

Right of Issuer to Redeem Notes or of Holder to Require Repayment of Notes

The Notes may be redeemed prior to the Stated Maturity Date at the option of J.P. Morgan Chase & Co. in whole but not in part at a price equal to 100% of the principal amount being redeemed, beginning June 15, 2007, and on each monthly interest payment date thereafter. Notice of redemption will be given not less than 30 nor more than 60 calendar days prior to the redemption date.

Other Terms:

Capitalized terms used herein without definition have the meanings ascribed to them in the Prospectus Supplement and Prospectus.