JPMorgan Launches New Investment Improvement Tools

Investment manager and risk analysis tools help generate increased risk-adjusted returns

New York, April, 11, 2007 – JPMorgan Worldwide Securities Services today announced the launch of new investment improvement tools to help institutional investors boost risk-adjusted returns.

The new tools – Manager Consistency Analysis and Marginal Risk Analysis – are the latest from JPMorgan, and are designed to help asset managers and pension and endowment fund executives achieve greater risk-adjusted returns for investment portfolios.

“Institutional investors are always looking for new ways to generate additional returns,” said Craig Heatter, head of JPMorgan’s Investment Analytics & Consulting (IAC). “These new tools will help them optimize their investments by building in more consistency and testing new levels of risk. JPMorgan’s forward-looking analytical tools should assist clients in maximizing their alpha-producing strategies, as well as understand historical and future risk and return opportunities.”

JPMorgan’s Manager Consistency Analysis is an investment manager scoring risk product for all asset classes. Managers are ranked based upon consistency of risk-adjusted performance. The product helps identify investment managers who generate consistent alpha over time. Institutional investors will be able to use the analysis to select more reliable managers and avoid the more inconsistent managers who have only outperformed for a year or two.

In addition to Manager Consistency Analysis, JPMorgan has developed a Marginal Risk Analysis product that enables investors to explore different levels of risk and return that could result from future changes in asset allocation or investment manager selection. Clients will be able to use it to make incremental improvements to their portfolios in the attempt to increase returns and decrease risk.

JPMorgan IAC provides services globally to more than 200 clients with 6,500 portfolios and $1.5 trillion in assets. Daily performance statistics are calculated on more than $500 billion in assets for clients that include corporate and public pensions, corporate and public treasuries, endowments and foundations, investment managers, insurance companies and central banks. Other key proprietary investment optimization tools used by IAC include the JPMorgan Four Factor U.S. Equity Model, the JPMorgan Hedge Fund Model and the JPM Manager Peer Grouping. JPMorgan IAC includes more than 80 investment professionals including PhDs with extensive experience in mathematical modeling, MBAs, CFA charter holders and CFA candidates, CPAs and Certified Investment Management Analysts. For more information go to www.jpmorgan.com/visit/IAC.

About JPMorgan Investment Analytics and Consulting
JPMorgan Investment Analytics and Consulting helps institutional clients make more informed investment decisions and optimize their portfolios through creating customized, innovative, and forward-looking solutions that address both current and future needs.

Investment Analytics and Consulting services include security-level, multi-currency performance measurement (monthly and daily) using JPMorgan or third party accounting; analytics and attribution at the asset class, sector, country, and individual security level; ex-ante risk management (including Risk Budgeting and security-level VaR); investment manager analysis, universe comparison, and peer grouping; and consultative services in the areas of liability and plan allocation strategy, manager search, and liability-driven investments.

About JPMorgan Worldwide Securities Services
JPMorgan Worldwide Securities Services, a division of JPMorgan Chase Bank, N.A., is a global industry leader with $13.9 trillion in assets under custody. JPMorgan provides innovative custody, fund accounting and administration and securities services to the world's largest institutional investors, alternative asset managers and debt and equity issuers. JPMorgan Worldwide Securities Services leverages its scale and capabilities in more than 90 markets to help clients optimize efficiency, mitigate risk and enhance revenue through a broad range of investor services as well as securities clearance, collateral management and alternative investment services.

About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.4 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. Information about the firm is available at www.jpmorganchase.com.