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<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>y47460mex99-2.txt
<DESCRIPTION>NOTES TO TABLE
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                          EXHIBIT 99.2 - NOTES TO TABLE

(1) This table reflects the performance of all direct private equity investments
    made by JPMP from January 1, 1984 through January 31, 2001. References to
    JPMP in this note include JPMP's predecessors, Chemical Venture Partners,
    Manufacturers Hanover and Chase, but exclude Hambrecht & Quist, Flemings,
    The Beacon Group and J.P. Morgan Capital Corporation (the heritage private
    equity organization of J.P. Morgan & Co. Incorporated). The invested capital
    reflected in this table does not include capital co-invested by third-party
    investors (e.g., Asia Opportunity Fund, L.P.) alongside JPMP. Direct private
    equity investments in real estate oriented businesses are excluded from the
    figures in this table. Mezzanine financings are included in the figures for
    their respective industry practice groups, asset classes and regions in this
    table. The historical returns achieved by JPMP are not a prediction of
    future performance and there can be no assurance that these or comparable
    returns will be achieved by JPMP in the future. There can be no assurance
    that the unrealized values reflected in this table will be realized.

(2) Investments fully realized or publicly traded, with fully realized
    investments valued based on their respective actual monthly cash flows, and
    publicly traded investments valued based on their respective closing market
    prices as of January 31, 2001. As of January 31, 2001, 494 direct private
    equity investments, comprising approximately $2.7 billion of invested
    capital, had been fully realized, resulting in a Gross IRR with respect to
    such investments of approximately 57.8%, representing 2.9 times such
    invested capital.

(3) Total for all direct private equity investments, including unrealized
    investments in companies that are not publicly traded. JPMP estimates the
    fair market value of these unrealized investments considering all relevant
    factors, such as cash flows and comparables. This table reflects data from
    the comprehensive portfolio valuation as of January 31, 2001.

(4) Represents the gross compounded annual pre-tax internal rate of return based
    on monthly investment inflows and outflows as of January 31, 2001, assuming
    the estimated value of investments that have not been realized is received
    on January 31, 2001. Gross IRRs are calculated utilizing the time-zero IRR
    method which assumes all investments are made concurrently and each
    investment is held for its respective time period.


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