J.P.Morgan

JPMorgan Alerian MLP Index ETNs
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OVERVIEW

JPMorgan Alerian MLP Index Exchange Traded Notes ("ETNs") provide convenient
access to midstream energy MLPs. The ETNs pay a variable quarterly coupon
linked to the cash distributions paid on the MLPs in the index, less accrued
tracking fees(1). The ETN coupons are reported on Form 1099s and therefore
eliminate the administrative burden associated with K-1 forms. Investors can
trade the ETNs on the NYSE, Arca exchange or receive a cash payment at the
scheduled maturity or upon early repurchase(2), based on the performance of the
index. The ETNs are senior, unsecured obligations of JPMorgan Chase & Co.

Current Yield

ALERIAN MLP ETN 6.0%
REITS ETF 4.4%
UTILITIES ETF 5.1%
BOND ETF 3.7%
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Sources: Bloomberg, JPMorgan. Calculated as of February 26, 2010. "REITs ETF",
"Utilities ETF", and "Bond ETF" refer to the iShare s Dow Jones U.S. Real
Estate Index Fund, the Utilities Select Sector SPDR Fund, and the iShares
Barclays Aggregate Bond Fund, respectively. The current yield equals the most
recent dividend or coupon, as of February 26, 2010, annualized and divided by
the closing price of the investment on the date shown above. Yields shown are
not indicative of ETN coupons, if any.

ETN Details
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Ticker                                               AMJ
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Intraday Indicative Value                      AMJ.IV(3)
Ticker
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Index                            Alerian MLP Index (AMZ)
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Current Yield                                    6.0%(4)
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Market Capitalization                    $960,000,000(5)
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Primary Exchange                              NYSE, Arca
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Tracking Fee                             0.85% per annum
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Maturiy Date                                May 24, 2024
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CUSIP                                          46625H365
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Index Total Returns (%), Standard Deviations (%), and Correlation
                                                                                         Standard
                                                          5 Year Return 10 Year Return    Deviation  Correlation
                             3 Month Return  1 Year Return  Annualized    Annualized     Annualized
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Alerian MLP Index               11.91%           69.85%       10.76%        18.99%         21.86%           1.00
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S&P 500(R) Index                -0.03%           50.00%       0.24%         -0.06%         19.59%           0.65
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S&P 500(R)  Utilities Index     -1.72%           18.95%       3.69%         4.16%          18.18%           0.60
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FTSE NAREIT Equity REITs         8.02%            92.33%       1.35%         10.81%         34.98%          0.48
IndexSM
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Barcap US Aggregate Bond         0.65%            9.29%        5.29%         6.42%          3.89%           0.08
IndexSM
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Dow Jones UBS Commodity IndexSM -2.47%           25.62%       -0.19%        6.02%          22.09%           0.45
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Sources: Bloomberg, JPMorgan. Calculated as of February 26, 2010. The standard
deviation and correlation are based on monthly returns over the past 5 years.
The returns, standard deviations and correlations are provided for informational
purposes only. Correlation refers to correlation of the relevant index to the
Alerian MLP Index. The returns are total returns which reflect the performance
of each index including dividends. Historical performance of the Index is not
indicative of future performance of the Index or the ETNs. There is no guarantee
that the Index or the ETNs will outperform any investment strategy.

1. The "Accrued Tracking Fee" for a given coupon period, as more fully described
in the relevant pricing supplement, represents an amount equal to the Tracking
Fee of 0.85% per annum accrued for that coupon period multiplied by the Current
Indicative Value on the Index Business Day prior to the date of determination,
plus the aggregate amounts, if any, by which the previous Accrued Tracking Fees
have exceeded the cash distributions, if any, made by the underlying MLPs.

2. Investors may request on a weekly basis that the Issuer repurchase a minimum
of 50,000 notes prior to the maturity date, subject to the procedures described
in the relevant pricing supplement. Early repurchases will be subject to a
Repurchase Fee of 0.125%, as further described in the relevant pricing
supplement.

3. The intraday indicative value of the ETNs (the "IIV") is meant to approximate
the intrinsic economic value of an ETN. The IIV calculation will be provided for
reference purposes only. It is not intended as a price or quotation. The IIV
will be based on the intraday indicative values of the Index, and may not be
equal to the payment at maturity or upon early repurchase. Please see the
relevant pricing supplement for details.

4. Current yield equals the most recent coupon annualized and divided by the
closing price of the ETN on February 26, 2010, and rounded to one decimal place
for ease of presentation. The coupons are based on the cash distributions, if
any, paid on the underlying MLPs, less the Accrued Tracking Fee. The coupons are
variable and may be zero.

5. This number has been rounded for ease of presentation. As of February 26,
2010, the Market Capitalization of the ETNs was $961,025,000, which equals the
number of ETNs issued as of February 26, 2010 multiplied by the closing price of
the ETNs on February 26, 2010. A portion of the ETNs issued as of February 26,
2010 have not been sold to investors.

March 3, 2010

The Alerian MLP Index

The Alerian MLP Index ("Index") is a market-cap weighted, float-adjusted index
created to provide a comprehensive benchmark for investors to track the
performance of the energy MLP sector. The Index components are selected by
Alerian Capital Management, LLC ("Alerian").

Alerian is a registered investment advisor that exclusively manages portfolios
focused on midstream energy MLPs.

Top 10 Index Components

Name                              Ticker       Weight
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Enterprise Products Partners LP   EPD          13.45%
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Kinder Morgan Energy Partners LP  KMP          11.94%
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Plains All American Pipeline LP   PAA          6.06%
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Energy Transfer Partners LP       ETP          5.75%
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Magellan Midstream Partners LP    MMP          4.75%
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Kinder Morgan Management LLC      KMR          4.35%
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Enbridge Energy Partners LP       EEP          3.79%
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Energy Transfer Equity LP         ETE          3.68%
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ONEOK Partners LP                 OKS          3.60%
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Linn Energy LLC                   LINE         3.42%
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Source: Alerian, as of February 19, 2010.

Hypothetical, Historical Total Return Index Performance
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Sources: Bloomberg, JPMorgan. As of February 26, 2010. Each of these indices was
calculated based on a level for such index set equal to 100% on December 29,
1995. Hypothetical, historical performance of the Index is not indicative of
future performance of the Index or the ETNs. Fluctuations in the Index may be
more or less than that for the value of the ETNs. All returns displayed above
reflect the index performance including dividends, and are calculated without
deducting any applicable transaction fees. There is no guarantee that the Index
or the ETNs will outperform any alternative investment strategy. Your payment at
maturity or upon early repurchase of the ETNs, as more fully described in the
relevant pricing supplement is based on the VWAP Level of the Alerian MLP Index
which excludes dividends. The VWAP Level of the Index will most likely differ
from its closing level.

MLP Overview:

What are MLPs? Master Limited Partnerships ("MLPs") are limited partnerships
that are publicly traded on a U.S. securities exchange. The majority of MLPs
currently operate in the energy infrastructure industry, owning assets such as
pipelines that transport crude oil, natural gas and other refined petroleum
products. MLPs typically generate fee-based revenues, which tend not to be
directly tied to changes in commodity prices.

Why invest in MLPs? MLPs provide relatively low correlation to a wide range of
asset classes including equities and commodities and have produced attractive
historical yields compared to other income-oriented investments.

Benefits of Investing in the ETNs

Exposure to a portfolio of energy MLPs through a single investment.

Income via quarterly coupons linked to the cash distributions, if any, paid on
the MLPs in the Index, less fees.

No K-1 forms will be received by investors in the ETNs. The coupons are reported
as ordinary income on Form 1099.

There is no leverage to the MLPs in the ETN performance .

What are the main risks in the ETNs?

The ETNs may result in a loss.

The ETNs are exposed to the credit risk of JPMorgan Chase & Co.

The ETNs may not have an active trading market and may not continue to be listed
over their term.

The payment at maturity or upon early repurchase of the ETNs will be based on
the VWAP Level of the Index and not on the closing level of the Index. The VWAP
Level of the Index will most likely differ from the closing level of the Index
or the IIV.

The coupon payments on the ETNs will be variable and may be zero. The Accrued
Tracking Fee reduces the potential coupons and/or the payment at maturity or
upon early repurchase.

The Issuer's obligation to repurchase the ETNs is on a weekly basis, and is
subject to substantial minimum size restrictions.

You will not know how much you will receive upon early repurchase at the time
that you elect we repurchase your ETNs.

The risks identified above are not exhaustive. You should also review carefully
the related "Risk Factors" section of the relevant product supplement and the
"Selected Risk Considerations" in the relevant pricing supplement.

Contact Details

Telephone: 800-576-3529
Website: www.jpmorgan.com/etn
Email: alerian_etn@jpmorgan.com

Disclaimer

SEC Legend: JPMorgan Chase & Co. has filed a registration statement (including a
prospectus) with the SEC for any offerings to which these materials relate.
Before you invest, you should read the prospectus in that registration statement
and the other documents relating to this offering that JPMorgan Chase & Co. has
filed with the SEC for more complete information about JPMorgan Chase & Co. and
this offering. You may get these documents without cost by visiting EDGAR on the
SEC Web site at www.sec.gov. Alternatively, JPMorgan Chase & Co., any agent or
any dealer participating in this offering will arrange to send you the
prospectus and each prospectus supplement as well as any product supplement,
pricing supplement and term sheet if you so request by calling toll-free
800-576-3529.

Free Writing Prospectus Filed Pursuant to Rule 433 Registration Statement No.
333-155535

To the extent there are any inconsistencies between this free writing prospectus
and the relevant pricing supplement, the relevant pricing supplement, including
any hyperlinked information, shall supersede this free writing prospectus.

Investment suitability must be determined individually for each investor. The
financial instruments described herein may not be suitable for all investors.
This information is not intended to provide and should not be relied upon as
providing accounting, legal, regulatory or tax advice. Investors should consult
their own advisors on these matters. IRS Circular 230 Disclosure: JPMorgan Chase
& Co. and its affiliates do not provide tax advice. Accordingly, any discussion
of U.S. tax matters contained herein (including any attachments) is not intended
or written to be used, and cannot be used, in connection with the promotion,
marketing or recommendation by anyone unaffiliated with JPMorgan Chase & Co. of
any of the matters address herein or for the purpose of avoiding U.S.
tax-related penalties. The tax consequences of the ETNs are uncertain.