SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* DONOVAN DAVID E (Last) (First) (Middle) 270 PARK AVENUE (Street) NEW YORK 10017-2070 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol J P MORGAN CHASE & CO [ JPM ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Executive Vice President
	3. Date of Earliest Transaction (Month/Day/Year) 07/01/2004
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/01/2004		A		159,897	A	$0(1)	159,897	D
Common Stock	07/01/2004		A		98,245	A	$0	258,142	D
Common Stock	07/01/2004		A		7,377	A	$0(1)	7,377	I	401(k)
Common Stock	07/01/2004		F		1,302	D	$38.64	257,912	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option ( right to buy )	$31.73	07/01/2004		A		20,477		07/01/2004	02/15/2020	Common Stock	20,477	$0(2)	20,477	D
Employee Stock Option (right to buy)	$29.96	07/01/2004		A		198,000		08/15/2004(3)	08/15/2009	Common Stock	198,000	$0(2)	198,000	D
Employee Stock Option (right to buy)	$31.22	07/01/2004		A		132,000		04/16/2003(4)	04/16/2012	Common Stock	132,000	$0(2)	132,000	D
Employee Stock Option (right to buy)	$28.7	07/01/2004		A		95,833		06/11/2002(4)	02/09/2011	Common Stock	95,833	$0(2)	95,833	D
Employee Stock Option (right to buy)	$37.92	07/01/2004		A		9,979		07/01/2004	02/16/2019	Common Stock	9,979	$0(2)	9,979	D
Employee Stock Option (right to buy)	$31.73	07/01/2004		A		9,755		07/01/2004	02/15/2020	Common Stock	9,755	$0(2)	9,755	D
Employee Stock Option (right to buy)	$31.73	07/01/2004		A		8,597		07/01/2004	02/09/2011	Common Stock	8,597	$0(2)	8,597	D
Employee Stock Option (right to buy)	$37.07	07/01/2004		A		7,698		07/01/2004	02/13/2008	Common Stock	7,698	$0(2)	7,698	D
Employee Stock Option (right to buy)	$31.73	07/01/2004		A		6,844		07/01/2004	03/08/2006	Common Stock	6,844	$0(2)	6,844	D
Employee Stock Option (right to buy)	$31.73	07/01/2004		A		6,807		07/01/2004	02/14/2007	Common Stock	6,807	$0(2)	6,807	D
Employee Stock Option (right to buy)	$31.73	07/01/2004		A		4,150		07/01/2004	01/13/2005	Common Stock	4,150	$0(2)	4,150	D
Employee Stock Option (right to buy)	$35.74	07/01/2004		A		3,969		07/01/2004	01/13/2005	Common Stock	3,969	$0(2)	3,969	D

Explanation of Responses:

1. See Remarks

2. See Remarks.

3. Option vests over 3 years in one-third annual increments from date of grant. The date exercisable reported in the table is the first vesting date.

4. Option vests over 5 years in 20% annual increments from date of grant. The date exercisable reported in the table is the first vesting date.

Remarks:

(1) Shares received in the merger between Bank One Corporation (ONE) & JP Morgan Chase & Co. (JPM), pursuant to which each share of ONE common stock was exchanged for 1.32 shares of JPM common stock, having a market value of $38.77 per share on the effective date of the merger. (2) Options received in the merger of ONE & JPM, pursuant to which each outstanding option to purchase ONE common stock was converted to an option to purchase JPM common stock on substantially the same terms, except that the number of shares was adjusted by multiplying the number of ONE options by 1.32 and the exercise price was adjusted by dividing the ONE exercise price by 1.32.

	/s/ Laurence Goldman for David Donovan, Power of Attorney	07/02/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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