Exhibit 21.1
J.P. Morgan Chase & Co.

List of subsidiaries

JPMorgan Chase has the following subsidiaries:

				Percentage of voting
			Organized under	securities owned by
Name			the laws of	immediate parent
Bridge Acquisition Holdings, Inc.			Delaware		100.00
Brown & Company Securities Corporation			Massachusetts		100.00
	• Brown Direct, Inc.		California		100.00
Capital Markets Transactions, Inc.			Delaware		100.00
CCC Holding, Inc.			Delaware		100.00
	• Chase Commercial Corporation		Delaware		100.00
Chase Capital I			Delaware		100.00
Chase Capital II			Delaware		100.00
Chase Capital III			Delaware		100.00
Chase Capital IV			Delaware		100.00
Chase Capital V			Delaware		100.00
Chase Capital VI			Delaware		100.00
Chase Capital VII			Delaware		100.00
Chase Capital VIII			Delaware		100.00
Chase Cardholder Services, Inc.			Delaware		100.00
Chase Home Mortgage Corporation of the Southeast			Florida		100.00
Chase Lincoln First Commercial Corporation			Delaware		100.00
Manhattan Realty Leasing Corporation			New York		100.00
	• Palo Verde 1-PNM December 75 Corporation		Delaware		100.00
	• Palo Verde 1-PNM August 50 Corporation		Delaware		100.00
	• PV2-PNM December 35 Corporation		Delaware		100.00
	• PV2-APS 150 Corporation		Delaware		100.00
Chatham Ventures, Inc.			New York		100.00
	• J.P. Morgan Partners (SBIC), LLC		California		80.00
Chemical Equity Incorporated			New York		100.00
Chemical Investments, Inc.			Delaware		100.00
Chemical New York, N.V.			Netherland Antilles		100.00
Clintstone Properties Inc.			New York		100.00
CMRCC, Inc.			New York		100.00
Corsair, Inc.			Delaware		100.00
Hambrecht & Quist Group			Delaware		100.00
	• Hambrecht & Quist California		California		100.00
		– Hambrecht & Quist Guaranty Finance, LLC	California		99.00
Hatherly Insurance Ltd.			Bermuda		100.00
JPM Capital Trust I			Delaware		100.00
JPM Capital Trust II			Delaware		100.00
JPMP Capital Corp.			New York		100.00
	• J.P. Morgan Partners, LLC		Delaware		100.00
JPMP Management Corp.			New York		100.00
J.P. Morgan Advisors Inc.			Delaware		100.00
J.P. Morgan Advisory Services Inc.			Delaware		100.00
J.P. Morgan Business Credit Corp.			Delaware		100.00
JPMP Capital, LLC			Delaware		100.00
	• J.P. Morgan Capital, L.P.		New York		99.50
		– J.P. Morgan Capital Luxembourg S.a.r.l.	Luxembourg		100.00
	• J.P. Morgan Funds Bahamas Ltd.		Bahamas		100.00
	• J.P. Morgan Investment Corporation		Delaware		100.00
	• J.P. Morgan Partners Australia Pty Limited		Australia		100.00
	• J.P. Morgan Partnership Capital Corporation		Delaware		100.00
J.P. Morgan Capital Financing Limited			England		100.00
	• Chase Equities Limited		England		100.00
	• JF Group Limited		Bermuda		100.00

138

						Percentage of voting
					Organized under	securities owned by
Name					the laws of	immediate parent
		– J.P. Morgan Chase International Financing Limited			England		100.00
J.P. Morgan Chase Capital IX					Delaware		100.00
J.P. Morgan Chase Capital X					Delaware		100.00
J.P. Morgan Chase National Corporate Services, Inc.					New York		100.00
J.P. Morgan Chase Realty Corporation					New York		100.00
J.P. Morgan Chase Community Development Corporation					Delaware		100.00
J.P. Morgan Equity Holdings, Inc.					Delaware		100.00
	• CBD Holdings, Ltd.				Delaware		100.00
		– Chase Life & Annuity Co.			Ohio		100.00
		– Chase Life & Annuity Company of New York			New York		100.00
		– Great Lakes Insurance Company			Delaware		100.00
		– Sun States Life Insurance Company			Delaware		100.00
		– Western Hemisphere Life Insurance Company			Delaware		100.00
	• CMC Holding Delaware Inc.				Delaware		100.00
		– A.S. Holding Corporation			Delaware		100.00
		– Chase Manhattan Bank USA, National Association			United States		100.00
			– Card Acquisition Funding LLC		Delaware		100.00
			– Chase BankCard Services, Inc.		Delaware		100.00
			– Chase Data Services Corporation		Delaware		100.00
			– Chase Insurance Agency, Inc.		Delaware		100.00
			– Cross Country Insurance Company		Vermont		100.00
			– J.P. Morgan Investor Services Co.		Massachusetts		100.00
		– Chase Re Limited			Bermuda		100.00
		– J.P. Morgan Trust Company, National Association			United States		100.00
		– J.P. Morgan Trust Company of Delaware			Delaware		100.00
	• J.P. Morgan Personal Wealth Management, Inc.				New York		100.00
	• Texas Commerce Operating Services, Inc.				Delaware		100.00
		– Texas Commerce Shareholders Company			Texas		100.00
		– J.P. Morgan Securities of Texas, Inc.			Delaware		100.00
J.P. Morgan Fleming Asset Management Holdings Inc.					Delaware		100.00
	• J.P. Morgan Fleming Asset Management (Asia) Inc.				Delaware		100.00
		– JF Asset Management International Limited			British Virgin Islands		100.00
		– JF Asset Management Limited			Hong Kong		100.00
			– JF Funds Limited		Hong Kong		100.00
				– JF Asset Management (Taiwan) Limited	Taiwan		99.90
		– J.P. Morgan Fleming Asset Management (Japan) Limited			Japan		100.00
	• J.P. Morgan Strategic UK Limited				England		100.00
	• Robert Fleming Holdings Limited				England		100.00
		– Copthall Overseas Limited			England		100.00
			– Copthall Overseas (Number 2) Limited		England		100.00
				– Robert Fleming (Jersey) Limited	Channel Islands		100.00
		– Fledgeling Nominees International Limited			Cayman Islands		100.00
			– J.P. Morgan Fleming Asset Management (Schweiz) AG		Switzerland		100.00
			– Robert Fleming (Luxembourg) Sarl		Luxembourg		100.00
				– J.P. Morgan Fleming Societa di Intermediazione Mobiliare S.p.A.	Italy		100.00
				– J.P. Morgan Fleming Asset Management (Europe) S.a.r.l.	Luxembourg		100.00
				– J.P. Morgan Fleming Asset Management (France) SA	France		100.00
			– Robert Fleming Holdings Inc.		Delaware		100.00
			– Robert Fleming (Overseas) Number 3 Limited		England		100.00
				– Robert Fleming (Luxembourg)(Joint Ventures) Sarl	Luxembourg		100.00
				– Fleming Flagship Advisory Company Sarl	Luxembourg		100.00
		– J.P. Morgan Fleming Marketing Limited			England		86.93
		– Robert Fleming Asset Management Limited			England		100.00
			– Chase Fleming Private Wealth Management Limited		England		100.00
		– Robert Fleming Investment Trust Limited			England		100.00
J.P. Morgan Financial Investments Limited					England		100.00
J.P. Morgan Fleming Investment GmbH					Germany		100.00
J.P. Morgan Funding Corp.					England		100.00
	• J.P. Morgan Fleming Life Limited				England		100.00
J.P. Morgan Futures Inc.					Delaware		100.00
	• J.P. Morgan Futures Hong Kong Limited				Hong Kong		100.00

139

				Percentage of voting
			Organized under	securities owned by
Name			the laws of	immediate parent
J.P. Morgan GT Corporation			Delaware		100.00
J.P. Morgan International Holdings Corp.			Delaware		100.00
	• J.P. Morgan Trust Company (New Zealand) Limited		New Zealand		100.00
	• JPMAC Holdings Inc.		Delaware		100.00
J.P. Morgan Investment Management Inc.			Delaware		100.00
	• J.P. Morgan Investment Management Limited		England		100.00
J.P. Morgan Leasefunding Corp.			Delaware		100.00
J.P. Morgan Private Investments Inc.			Delaware		100.00
J.P. Morgan Securities Holdings Inc.			Delaware		100.00
	• J.P. Morgan Residential Mortgage Acceptance Corp.		Delaware		100.00
	• Structured Obligations Corporation		Delaware		100.00
	• J.P. Morgan Securities Inc.		Delaware		100.00
J.P. Morgan Services Inc.			Delaware		100.00
J.P. Morgan Ventures Corporation			Delaware		100.00
	• DNT Asset Trust		Maryland		100.00
		– Ventures Business Trust	Maryland		100.00
	• J.P. Morgan Ventures Energy Corporation		Delaware		100.00
	• J.P. Morgan Ventures Investment Corp.		New York		100.00
J.P. Morgan Whitney Partnership Corporation			Delaware		100.00
LabMorgan Corporation			Delaware		100.00
J.P. Morgan Trust Company (Bahamas) Limited			Bahamas		100.00
LabMorgan International Ltd.			Cayman Islands		100.00
Morgan Fonciere Cayman Islands Ltd.			Cayman Islands		100.00
MorServ, Inc.			Delaware		100.00
Offshore Equities, Inc.			New York		100.00
Peabody Real Estate Partnership Corporation			New York		100.00
Robert Fleming Inc.			Delaware		100.00
Support Development Corporation			Delaware		100.00
JPMorgan Chase Bank			New York		100.00
	• Cedar Hill International Corp.		Delaware		100.00
	• Chase Access Services Corporation		Delaware		100.00
	• Chase Bank International		United States		100.00
	• Chase Bankruptcy Information Systems, Inc.		Delaware		100.00
	• Chase Community Development Corporation		Delaware		100.00
	• Chase Education Holdings, Inc.		Delaware		100.00
	• Chase Funding Corporation		New York		100.00
	• Chase Investment Services Corp.		Delaware		100.00
	• Chase Manhattan Automotive Finance Corporation		Delaware		100.00
	• Chase Merchant Ventures, Inc.		Delaware		100.00
		– Chase Merchant Services, LLC	Delaware		50.00
	• Chase Mortgage Company		Ohio		100.00
		– Chase Mortgage Company-West	Colorado		100.00
	• Chase Mortgage Holdings, Inc.		Delaware		100.00
	• Chase Preferred Capital Corporation		Delaware		100.00
	• Chase SPV Corporation		Delaware		100.00
	• Chem Network Processing Services, Inc.		New Jersey		100.00
	• Colson Services Corp.		Delaware		100.00
	• CSL Leasing Inc.		Delaware		100.00
	• Flagstaff Capital Corporation		Delaware		100.00
	• Gemini Holding, LLC		Delaware		100.00
		– Libra Funding, LLC	New York		85.00
	• Harvest Opportunity Holdings Corp.		New York		100.00
	• Independence Park Building Inc.		Delaware		100.00
	• JPMP Harvest Investors, L.P.		Delaware		100.00
	• J.P. Morgan Alternative Asset Management, Inc.		New York		100.00
	• J.P. Morgan Benelux Funding Inc.		Delaware		100.00
	• J.P. Morgan Chase Commercial Mortgage Securities Corp.		Delaware		100.00
	• J.P. Morgan Fleming Asset Management (USA) Inc.		Delaware		100.00

140

							Percentage of voting
						Organized under	securities owned by
	Name					the laws of	immediate parent
• J.P. Morgan Holding Deutschland GmbH						Germany		100.00
• J.P. Morgan International Inc.						United States		100.00
	– J.P. Morgan International Finance Limited					United States		100.00
		– Banco J.P. Morgan S.A.				Mexico		100.00
			– Chase Manhattan S.A. Distribuidora de Titulos e Valores Mobiliarios			Brazil		100.00
			– J.P. Morgan SA Correctora de Cambio e Valores Mobiliarios			Brazil		100.00
		– Chase Investment Holdings (Venezuela) Inc.				Delaware		100.00
			– J.P. Morgan Inversora, C.A.			Venezuela		100.00
		– Chase Manhattan Holdings Limitada				Brazil		100.00
		– Chase Manhattan Trust Cayman Ltd.				Cayman Islands		100.00
		– J.P. Morgan Securities (C.I.) Limited				Channel Islands		100.00
			– J.P. Morgan (Jersey) Limited			Channel Islands		100.00
		– J.P. Morgan Holdings Australia Limited				Australia		100.00
			– Chase Manhattan New Zealand Limited			Australia		100.00
			– J.P. Morgan Australia Limited			Australia		100.00
			– J.P. Morgan Nominees Australia Limited			Australia		100.00
			– J.P. Morgan Portfolio Services Limited			Australia		100.00
			– JFOM Pty Limited			Australia		100.00
		– J.P. Morgan Bank, S.A.				Spain		100.00
		– J.P. Morgan & Cie S.A.				France		100.00
		– J.P. Morgan AG				Germany		100.00
		– J.P. Morgan Bank (Ireland) plc				Ireland		100.00
		– J.P. Morgan Bank International				Russia		100.00
		– J.P. Morgan Bank Luxembourg, S.A.				Luxembourg		99.99	(1)
		– J.P. Morgan Bank Venezuela C.A.				Venezuela		100.00
		– J.P. Morgan Capital Holdings Limited				England		100.00
			– J.P. Morgan Chase (UK) Holdings Limited			England		100.00
				– J.P. Morgan Chase International Holdings Limited		England		100.00
					– Crosby Sterling (Holdings) Limited	England		100.00
					– J.P. Morgan EU Holdings Limited	England		100.00
					– Stone Investments (Number 4) Limited	England		100.00
					– J.P. Morgan Europe Limited	England		100.00
					– J.P. Morgan Holdings (UK) Limited	England		100.00
					– J.P. Morgan Securities Ltd.	England		100.00
					– Robert Fleming (Overseas) Number 2 Limited	England		100.00
				– J.P. Morgan Fleming Asset Management (London) Limited		England		100.00
				– J.P. Morgan plc		England		100.00
					– Crosby Sterling Limited	England		100.00
					– J.P. Morgan Trustee and Depositary Company Limited	England		100.00
			– J.P. Morgan Luxembourg International Sarl			Luxembourg		100.00
		– J.P. Morgan Cayman Limited				Cayman Islands		100.00
		– J.P. Morgan Chase Bank Berhad				Malaysia		100.00
		– J.P. Morgan Fonds (Luxembourg) S.A.				Luxembourg		100.00
		– J.P. Morgan Funding South East Asia Private Limited				Singapore		100.00
		– J.P. Morgan Grupo Financiero S.A. De C.V.				Mexico		100.00
			– Banco J.P. Morgan S.A., Institucion de Banca Multiple, J.P. Morgan Grupo Financiero			Mexico		99.99
			– J.P. Morgan Casa de Bolsa, S.A. de C.V., J.P. Morgan Grupo Financiero			Mexico		100.00
		– J.P. Morgan International Derivatives Ltd.				Channel Islands		100.00
		– J.P. Morgan Investimentos e Financas Ltda.				Brazil		100.00
		– J.P. Morgan Japanese Investor Fund Services S.A.				Luxembourg		100.00
		– J.P. Morgan Leasing GmbH				Germany		100.00
		– J.P. Morgan Malaysia Ltd.				Malaysia		100.00
		– J.P. Morgan Overseas Capital Corporation				Delaware		100.00
			– J.P. Morgan Australia Holdings Limited			Australia		100.00
				– J.P. Morgan Markets Australia Pty Limited		Australia		100.00
				– J.P. Morgan Australia Securities Limited		Australia		100.00
			– J.P. Morgan Canada			Canada		100.00

141

							Percentage of voting
						Organized under	securities owned by
Name						the laws of	immediate parent
				– J.P. Morgan Espana S.A.		Spain		100.00
					– J.P. Morgan Sociedad de Valores, S.A.	Spain		100.00
					– Morgan Gestion, S.A. Sociedad Gestora de Instituciones de Inversion    Colectiva	Spain		100.00
				– J.P. Morgan International Bank Limited		England		100.00
				– J.P. Morgan Securities Canada Inc.		Canada		100.00
				– J.P. Morgan Whitefriars Inc.		Delaware		100.00
					– J.P. Morgan Whitefriars (U.K.)	England		100.00
			– J.P. Morgan Partners (CMB Reg K GP), Inc.			Delaware		100.00
			– J.P. Morgan (Suisse) S.A.			Switzerland		100.00
			– J.P. Morgan Scotland (Services) Ltd.			England		100.00
			– J.P. Morgan (S.E.A.) Limited			Singapore		100.00
				– Ark Owner Trust Pte. Ltd.		Singapore		100.00
			– J.P. Morgan Securities Asia Private Limited			Singapore		100.00
				– J.P. Morgan Securities Holdings (Hong Kong) Limited		Hong Kong		88.91	(2)
					– J.P. Morgan Securities (Asia Pacific) Limited	Hong Kong		100.00
					– J.P. Morgan Securities Holdings (Caymans) Limited	Cayman Islands		100.00
			– J.P. Morgan Securities India Private Limited			India		100.00
			– J.P. Morgan Securities South Africa (Proprietary) Limited			South Africa		100.00
			– J.P. Morgan Services Japan Ltd.			Delaware		100.00
			– J.P. Morgan Trust Bank Ltd.			Japan		72.16	(3)
			– J.P. Morgan Trust Company (Jersey) Limited			Channel Islands		100.00
			– Inversiones y Asesorias Chase Manhattan Limitada			Chile		100.00
			– J.P. Morgan Holdings (Hong Kong) Limited			Hong Kong		100.00
				– Copthall Mauritius Investment Limited		Mauritius		100.00
				– J.P. Morgan Securities (Far East) Limited		Hong Kong		100.00
					– J.P. Morgan Broking (Hong Kong) Limited	Hong Kong		100.00
				– J.P. Morgan Futures (Korea) Limited		South Korea		80.00
			– Jardine Fleming International Holdings Limited			Cayman Islands		100.00
				– Jardine Fleming (Antilles) N.V.		Netherlands Antilles		100.00
				– Jardine Fleming India Holdings Limited		Mauritius		100.00
					– J.P. Morgan India Private Limited	India		100.00
				– Jardine Fleming International Futures Limited		British Virgin Islands		100.00
				– Jardine Fleming Malaysia Holdings Limited		British Virgin Islands		100.00
					– J.P. Morgan Services (Malaysia) Sdn. Bnd.	Malaysia		100.00
				– Jardine Fleming Securities (Asia) Limited		Bermuda		100.00
				– J.P. Morgan Securities Singapore Private Limited		Singapore		100.00
				– J.P. Morgan Securities (Taiwan) Limited		Taiwan		72.45	(4)
				– JF Investment Management (China) Limited		British Virgin Islands		100.00
			– Morgan Guaranty International Bank			Delaware		100.00
			– Norchem Holdings e Negocios, S.A.			Brazil		49.00
			– Norchem Leasing S.A. Arrendamento Mercantil			Brazil		50.00
			– Nottingham Holdings, Inc.			New York		100.00
			– Robert Fleming Equity (Bermuda) Limited			Bermuda		100.00
	• J.P. Morgan Leasing Inc.					New York		100.00
	• J.P. Morgan Mortgage Capital Inc.					Delaware		100.00
	• J.P. Morgan Partners (23A SBIC Manager), Inc.					Delaware		100.00
	• J.P. Morgan Treasury Technologies Corporation					Delaware		100.00
	• Manufacturers Hanover Leasing International Corp.					Delaware		100.00
		– Chase Leasing of Texas, Inc.				Delaware		100.00
	• Margaretten Financial Corporation					Delaware		100.00
		– Chase Manhattan Mortgage Corporation				New Jersey		100.00
		– Chase Ventures Holdings, Inc.				New Jersey		100.00
	• Overseas Realty Corp.					New York		100.00
	• Plexus Group, Inc.					California		100.00
	• Scorpio Holding, LLC					New York		100.00
	• Systems & Services Technologies, Inc.					Delaware		100.00

1.	Chase Manhattan Overseas Finance Corporation owns 0.01%.
2.	J.P. Morgan Securities Asia Private Limited owns 11.09%.
3.	J.P. Morgan & Cie S.A. owns preferred shares carrying 27.84% voting power.
4.	JF Securities Overseas Limited and Robert Fleming Investment Trust Limited each own 10%.
*	Certain intermediary subsidiaries may be omitted in the ownership chain because the listed subsidiary holds significant assets, but the intermediary subsidiaries do not.

142