424B2 1 mtn181.htm JPMC MTN 181L Pricing Supplement No 181L

Pricing Supplement No. 181L dated January 23, 2007
(To Prospectus dated April 5, 2005 and

Prospectus Supplement dated April 12, 2005)

Rule 424(b)(2)
File No. 333-117775
CUSIP #: 46623E CT4

JPMORGAN CHASE & CO.

[X]

Senior Medium-Term Notes, Series C
Due From Nine Months to Thirty Years from Date of Issue

[  ]

Subordinated Medium Term Notes, Series A
Due From Nine Months to Thirty Years from Date of Issue

Principal Amount:
Issue Price:
Commission or Discount:
Proceeds to Company:

  

$500,000,000
         99.791%
$    2,000,000
$496,955,000

Agents

Principal Amount
To be Purchased

J.P. MORGAN SECURITIES INC.
BANK OF NEW YORK
UBS SECURITIES LLC

$490,000,000
$   5,000,000
$   5,000,000

Agents' Capacity:
if as principal

[  ]  As agent

[X]  As principal

[   ]

The Notes are being offered at varying prices relating to prevailing market prices at the time of sale. SEE BELOW

[ X ]

The Notes are being offered at a fixed initial public offering price equal to the Issue Price (as a percentage of Principal Amount).

Issue Date:

January 30, 2007

Stated Maturity:

January 15, 2014

Form:  [X]   Book-entry   [_]  Certificated


Currency:  U.S. Dollars

[ X ]  Fixed Rate Note: 5.375%

[  ]  Floating Rate Note:

CD [  ]
Treasury Rate [  ]

Commercial Paper Rate [  ]
Prime Rate [  ]

LIBOR
Telerate [  ]
CMT [  ]

LIBOR Reuters [  ]


Interest Payment Dates:   Semi-annually on the 15th or next good business day of January and July, via modified following business day convention, commencing July 15, 2007.


Interest Reset Dates:    Semi-annually on the 15th or next good business day of January and July, via modified following business day convention, commencing July 15, 2007.


Index Maturity:  Not Applicable
Spread (+/-):   Not Applicable
Multiplier:   Not Applicable
Maximum Interest Rate:    Not Applicable     Minimum Interest Rate:   Not Applicable
Optional Redemption:   Yes [   ]   No [X]

Settlement Period: The terms agreement provides that the closing will occur on January 30 2007, which will be more than three U.S. business days after the date of this pricing supplement. Rule 15c6-1 under the Securities Exchange Act of 1934 generally requires that securities trades in the secondary market settle in three business days, unless the parties to a trade expressly agree otherwise.