CALCULATION OF REGISTRATION FEE

Title of Each Class of Securities Offered Debt Securities		Maximum Aggregate Offering Price $300,000,000	Amount of Registration Fee(1) $11,790.00
(1)	Calculated in accordance with Rule 457(r) of the Securities Act of 1933.

Pricing Supplement No. 199L, dated June 11, 2008
(To Prospectus dated October 16, 2007 and Prospectus Supplement dated November 1, 2007) Rule 424(b)2
File No. 333-146731
CUSIP No. 46623EHZ5

JPMORGAN CHASE & CO.

[X]	Senior Medium-Term Notes, Series F
[  ]	Subordinated Medium Term Notes, Series A
Principal Amount: Issue Price: Commission or Discount: Proceeds to Company:		$    300,000,000             99.967% $            450,000 $     299,451,000

Agents	Principal Amount To be Purchased
J.P. MORGAN SECURITIES INC. JACKSON SECURITIES, LLC THE WILLIAMS CAPITAL GROUP, L.P.	$294,000,000 $3,000,000 $3,000,000

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:	June 16, 2008
Stated Maturity:	June 16, 2011

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

Currency:  U.S. Dollars

[ X  ]  Fixed Rate Note: 4.85%

[ ]  Floating Rate Note: CD [  ]
Treasury Rate [  ] Commercial Paper Rate [  ]
Prime Rate [  ] Reuters LIBOR01
[  ]

Interest Payment Dates:  Semi-annually on the 16^th or next business day of June and December, using the following unadjusted business day convention, commencing December 16, 2008.

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]