JPMORGAN CHASE & CO — Regulatory Filings 2004

May 11, 2004

424B2 1 mtn157.htm MTN 157 Pricing Supplement No 157

Pricing Supplement No. 157L Dated May 7, 2004 (To Prospectus dated August 19, 2003 and Prospectus Supplement dated August 19, 2003) Rule 424(b)(2) File No. 333-107207 CUSIP #: 46623E BT5

J.P. MORGAN CHASE & CO.

[X]	Senior Medium-Term Notes, Series C Due From Nine Months to Thirty Years from Date of Issue
[ ]	Subordinated Medium Term Notes, Series A Due From Nine Months to Thirty Years from Date of Issue

Principal Amount: Issue Price: Commission or Discount: Proceeds to Company: $150,000,000 100% $225,000 $149,775,000

Agents	Principal Amount To be Purchased
J.P. MORGAN SECURITIES INC.	$147,000,000
BEAR, STEARNS & CO.	$1,500,000
KEEFE, BRUYETTE & WOOD	$1,500,000

Agents' Capacity: if as principal [ ] As agent [X] As principal

[ ]	The Notes are being offered at varying prices relating to prevailing market prices at the time of sale. SEE BELOW
[ X ]	The Notes are being offered at a fixed initial public offering price equal to the Issue Price (as a percentage of Principal Amount).

Original Issue Date:	May 14, 2004
Stated Maturity:	May 14, 2007

Form: [ X ] Book-entry [_] Certificated

Currency: U.S. Dollars [ ] Fixed Rate Note:

[ X ] Floating Rate Note: CD [ ] Treasury Rate [ ] Commercial Paper Rate [ ] Prime Rate [ ] LIBOR Telerate [ X ] CMT [ ] LIBOR Reuters [ ]

Interest Payment Dates: Quarterly on the 14 th or next good business day of August, November, February and May, via modified following business day convention, commencing August 16, 2004. Interest Reset Dates: The 14 th or next good business day of August, November, February and May, via modified following business day convention, commencing August 16, 2004.

Index Maturity: 3-month LIBOR Spread (+/-) : +6 BP Multiplier: Not Applicable Maximum Interest Rate: Not Applicable Minimum Interest Rate: 0% Optional Redemption: Yes [ ] No [X]