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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950123-01-500554.txt : 20010410
<SEC-HEADER>0000950123-01-500554.hdr.sgml : 20010410
ACCESSION NUMBER:		0000950123-01-500554
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20010402
ITEM INFORMATION:		
FILED AS OF DATE:		20010405

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			J P MORGAN CHASE & CO
		CENTRAL INDEX KEY:			0000019617
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				132624428
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		
		SEC FILE NUMBER:	001-05805
		FILM NUMBER:		1595844

	BUSINESS ADDRESS:	
		STREET 1:		270 PARK AVE
		STREET 2:		39TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2122706000

	MAIL ADDRESS:	
		STREET 1:		270 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CHASE MANHATTAN CORP /DE/
		DATE OF NAME CHANGE:	19960402

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CHEMICAL BANKING CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CHEMICAL NEW YORK CORP
		DATE OF NAME CHANGE:	19880508
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>y47460me8-k.txt
<DESCRIPTION>J.P. MORGAN & CO.
<TEXT>

<PAGE>   1

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    Form 8-K

                CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934



Date of Report: April 5, 2001                      Commission file number 1-5805
                -------------                                             ------



                             J.P. MORGAN CHASE & CO.
                             -----------------------
             (Exact name of registrant as specified in its charter)



     Delaware                                                13-2624428
     --------                                                ----------
(State or other jurisdiction                                 (I.R.S. Employer
 of incorporation)                                           Identification No.)



270 Park Avenue, New York, NY                                              10017
- -----------------------------                                              -----
(Address of principal executive offices)                              (Zip Code)




       (Registrant's telephone number, including area code) (212) 270-6000
                                                            --------------

<PAGE>   2

Item 9. Regulation FD Disclosure

A detailed summary of the performance of the direct private equity investments
of JPMorgan Partners ("JPMP"), the private equity business of J.P. Morgan Chase
& Co. ("JPMorgan Chase"), is set forth in Exhibit 99.1. The valuations reflected
in the figures presented in Exhibit 99.1 are as of January 31, 2001, and the
Registrant assumes no responsibility to update such valuations or any other
information contained herein. 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. The valuations
reflected in the figures presented in Exhibit 99.1 have been prepared by JPMP
using the valuation policies described in notes (1) through (4) in Exhibit 99.2
and, in some instances, may differ materially from the valuations reflected in
JPMorgan Chase's financial statements, which have been prepared in accordance
with United States generally accepted accounting principles.

For the notes referred to in Exhibit 99.1, see Exhibit 99.2.


                                       2
<PAGE>   3


                                    SIGNATURE



        Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.




                                             J.P. MORGAN CHASE & CO.
                                             (Registrant)

                                             /s/ Dina Dublon

                                             -----------------------------------
                                             Dina Dublon
                                             Chief Financial Officer



Dated: April 5, 2001


                                       3
<PAGE>   4

                                  EXHIBIT INDEX

<TABLE>
<CAPTION>
Exhibit No.                          Description                        Page
- -----------                          -----------                        ----
<S>             <C>                                                     <C>
   99.1         Investment Performance.............................       5
   99.2         Notes to Table.....................................       6
</TABLE>



                                       4
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>y47460mex99-1.txt
<DESCRIPTION>INVESTMENT PERFORMANCE
<TEXT>

<PAGE>   1
                      EXHIBIT 99.1 - INVESTMENT PERFORMANCE

<TABLE>
<CAPTION>
                              ------------------------------------------------------------------------------------------------------
                                                                     INVESTMENT PERFORMANCE (1)
                              ------------------------------------------------------------------------------------------------------
($ in millions)
                                   FULLY REALIZED AND PUBLIC INVESTMENTS (2)                  TOTAL FOR ALL INVESTMENTS (3)
                              ===================================================  =================================================
                              NUMBER OF    INVESTED              GROSS   MULTIPLE  NUMBER OF   INVESTED              GROSS  MULTIPLE
                              INVESTMENTS   CAPITAL    VALUE    IRR (4)  OF COST   INVESTMENTS CAPITAL     VALUE    IRR (4)  OF COST
                              -----------  --------   -------   -------  --------  ----------- -------    -------   ------- --------
<S>                           <C>          <C>        <C>       <C>       <C>      <C>         <C>        <C>       <C>     <C>
INDUSTRY
 Telecommunications, Media &
   Technology                       174    $ 1,417    $ 5,319     90.4%     3.8x        460    $ 3,845    $ 8,189     51.7%     2.1x
 Life Sciences & Healthcare
   Infrastructure                    70        467      1,292     43.6%     2.8x        144      1,130      1,945     24.6%     1.7x
 Industrial                         179      1,095      2,808     39.1%     2.6x        318      3,062      5,248     24.4%     1.7x
 Consumer, Retail & Services        138        878      1,716     25.7%     2.0x        220      1,876      2,878     16.5%     1.5x
 Financial Services                  24        222        495     67.7%     2.2x         60        657      1,076     30.9%     1.6x
                                -------    -------    -------    -----     -----    -------    -------    -------    -----     -----
 TOTAL                              585    $ 4,079    $11,630     54.0%     2.9x      1,202    $10,570    $19,336     31.7%     1.8x

ASSET CLASS
 Venture                            140    $   810    $ 2,639    100.2%     3.3x        466    $ 2,835    $ 5,021     45.6%     1.8x
 Buyout                             346      2,178      5,515     43.1%     2.5x        509      4,845      8,932     29.0%     1.8x
 Growth Equity                       99      1,091      3,476     52.9%     3.2x        227      2,890      5,383     28.1%     1.9x
                                -------    -------    -------    -----     -----    -------    -------    -------    -----     -----
 TOTAL                              585    $ 4,079    $11,630     54.0%     2.9x      1,202    $10,570    $19,336     31.7%     1.8x

REGION
 North America                      523    $ 3,694    $10,692     52.6%     2.9x        929    $ 8,357    $16,289     33.8%     2.0x
 Latin America                       12        113        232     79.5%     2.1x         68        638        787     11.9%     1.2x
 Europe                              41        231        620     66.9%     2.7x        140      1,241      1,835     27.1%     1.5x
 Asia                                 9         41         86     95.3%     2.1x         65        334        425     17.9%     1.3x
                                -------    -------    -------    -----     -----    -------    -------    -------    -----     -----
 TOTAL                              585    $ 4,079    $11,630     54.0%     2.9x      1,202    $10,570    $19,336     31.7%     1.8x
</TABLE>


- ----------
See Exhibit 99.2 for the notes referred to above.


                                       5
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>y47460mex99-2.txt
<DESCRIPTION>NOTES TO TABLE
<TEXT>

<PAGE>   1

                          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.


                                        6
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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