11-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 11-K
ANNUAL REPORT

(Mark One)


þ		ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2006


o		TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 1-5805

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

(Full title of the plan)

JPMorgan Chase & Co.
270 Park Avenue
New York, New York 10017

(Name of issuer of securities held pursuant to the plan and the address of principal executive office)

Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned, thereunto duly authorized.


		THE JPMORGAN CHASE 401(k) SAVINGS PLAN

		By:		/s/ Louis Rauchenberger
				Louis Rauchenberger
				JPMorgan Chase & Co.
				Managing Director and Controller
				(Principal Accounting Officer)

Date: June 27, 2007

Report of Independent Registered Public Accounting Firm

To the Participants and Plan Administrator of
The JPMorgan Chase 401(k) Savings Plan:

We have audited the accompanying statements of net assets available for benefits of The JPMorgan Chase 401(k) Savings Plan (the “Plan”) as of December 31, 2006, and the related statements of changes in net assets available for benefits for the year then ended. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

During 2006, the Plan adopted FSP AAG INV-1 and SOP 94-4-1, Reporting of Fully Benefit-Responsive Investment Contracts Held by Certain Investment Companies Subject to the AICPA Investment Company Guide and Defined-Contribution Health and Welfare and Pension Plans.

In our opinion, the 2006 financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2006, and the change in net assets available for benefits for the year then ended in conformity with accounting principles generally accepted in the United States of America.

Our audit was performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules of (1) assets (held at end of year) as of December 31, 2006, and (2) investment assets both acquired and disposed of within the plan year for the year ended December 31, 2006 are presented for the purpose of additional analysis and are not a required part of the basic financial statements but are supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. These supplementary schedules are the responsibility of the Plan’s management. The supplemental schedules have been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole.

Meaden & Moore, Ltd.

Cleveland, Ohio

June 8, 2007

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Participants and Plan Administrator of
The JPMorgan Chase 401(k) Savings Plan

We have audited the accompanying statements of net assets available for benefits of the JPMorgan Chase 401(k) Savings Plan (the “Plan”) as of December 31, 2005, and the related statement of changes in net assets available for benefits for the year then ended. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Plan’s internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing and opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2005, and the changes in its net assets available for benefits for the year then ended, in conformity with accounting principles generally accepted in the United States of America.

June 21, 2006

A member firm of Ernst & Young Global Limited

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Statements of Net Assets Available For Benefits
As of December 31, 2006 and 2005


Assets:	2006		2005
Investments at fair value:
JPMorgan Chase & Co. and other common stocks	$	5,413,830,031	$	3,486,813,922
Common/collective trust funds		2,500,057,049		2,160,219,358
Registered investment companies (mutual funds)		2,053,714,713		1,791,540,119
Synthetic guaranteed investment contracts		1,769,972,592		1,656,572,494
Corporate debt instruments		1,125,501,087		492,039,223
Loans to plan participants		288,860,165		280,389,279
U.S. government and federal agency obligations		152,826,922		—
Plan’s share of the Master Trust (Note 6)		—		1,674,192,269
Derivative receivables		58,247,732		—
U.S. government-sponsored enterprise obligations		44,038,578		72,155,451
Other		83,081,803		42,483,963

Total investments		13,490,130,672		11,656,406,078


Contributing employers’ contributions receivable		32,499,734		9,508,739
Participants’ contributions receivable		19,782,942		18,065,176
Receivable for merger-related transactions		14,545,769		—
Other receivables		14,343,892		2,615,066
Dividends and interest receivable		12,615,072		3,033,525
Cash		3,733,414		—

Total assets		13,587,651,495		11,689,628,584

Liabilities:
Payable under securities lending agreements		343,855,333		71,025,568
Derivative payables		56,160,011		—
Payable for securities and interest purchased		30,414,576		142,775
Cash overdraft		—		12,640,567
Accrued expenses		940,595		136,055

Total liabilities		431,370,515		83,944,965

Net assets available for benefits reflecting all investments at fair value		13,156,280,980		11,605,683,619
Adjustment from fair value to contract value for fully benefit-responsive synthetic guaranteed investment contracts		26,062,826		21,119,111

Net assets available for benefits	$	13,182,343,806	$	11,626,802,730

The accompanying notes to financial statements are an integral part of these statements.

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Statements of Changes in Net Assets Available for Benefits
For the Years Ended December 31, 2006 and 2005


	2006			2005
Contributions:
Employers	$	260,650,251		$	221,556,987
Participants		531,643,306			505,355,651
Rollovers		141,801,609			111,030,780

Total contributions		934,095,166			837,943,418


Investment activities:
Dividends from JPMorgan Chase & Co. common stock		111,340,607			118,168,301
Other dividends		133,459,827			80,790,071
Interest		77,403,975			31,151,758
Investment income from Plan’s interest in Master Trust		1,007,721			54,212,156
Net appreciation in fair value of investments, including Master Trust		1,486,186,292			309,237,017


Increase in net assets available for benefits derived from investment activities		1,809,398,422			593,559,303


Other income		5,609,953			—

Deductions:
Benefits paid to participants		(1,218,938,306	)		(1,020,380,915	)
Expenses		(6,429,961	)		(1,403,071	)


Net change during the year		1,523,735,274			409,718,735

Transfers from other plans		31,805,802			16,339,344
Net assets available for benefits at beginning of year		11,626,802,730			11,200,744,651


Net assets available for benefits at end of year	$	13,182,343,806		$	11,626,802,730

The accompanying notes to financial statements are an integral part of these statements.

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

Description of the Plan

The JPMorgan Chase 401(k) Savings Plan (“Plan”) is a defined contribution plan sponsored by JPMorgan Chase Bank, National Association (“JPMorgan Chase Bank, N.A.”), a national banking association with branches in 17 states, and a wholly-owned bank subsidiary of JPMorgan Chase & Co. (“JPMorgan Chase” or the “Firm”).

The following is a general description of the Plan. Participants should refer to the Plan document for a more complete description of the Plan.

General

The Plan enables eligible employees of JPMorgan Chase and certain of its affiliated companies to fund an account, the value of which is to be applied for their benefit upon retirement or termination of employment. All amounts contributed to a Participant’s account under the Plan are held in a trust fund (“Trust Fund”).

The Plan is administered by the Plan Administrator who is appointed by the Board of Directors of JPMorgan Chase or the JPMorgan Chase Bank, N.A. The Plan complies with the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). The Plan is designed to comply with Section 404(c) of ERISA and the related regulations. As a result, the Plan’s fiduciaries may be released from liability for any losses that result from the Participant’s individual investment decisions.

Eligibility

Full-time employees are eligible to enroll in the Plan as of their first day of employment. Part-time employees are eligible to participate after completing 90 days of service. Generally, any employee who is employed on an hourly, occasional, casual, temporary, seasonal, intern, or retainer basis, or an individual who is on a non-U.S. dollar payroll, or any individual who would be deemed to be an employee of a contributing employer (“Contributing Employer”) under the employee leasing provisions of Section 414(n) of the Internal Revenue Code of 1986, as amended (“Code”), is not eligible to participate in the Plan.

Contributions

Participant Contributions

The Plan allows a participant (“Participant”) to defer on a pre-tax basis through payroll deductions up to 20% (in 1% increments) of their eligible compensation per pay period subject to certain legal limitations (“Deferred Contributions”). Eligible compensation generally means base salary plus applicable job differential pay (i.e., shift pay). In certain situations, eligible compensation includes other cash earnings (e.g., commissions, draws, and overrides) paid under certain plans that provide compensation in lieu of base salary. Eligible compensation excludes overtime, bonuses, special pay, or any other additional compensation and is not reduced by pre-tax contributions under this Plan and under certain other plans. The maximum annual eligible compensation under the Plan may not exceed the applicable statutory limit. In addition, Participants who are age 50 or older are permitted to make additional pre-tax contributions known as “catch-up” contributions. Certain individuals who participated in prior plans were able to make after-tax contributions.

Employer Matching Contributions

Generally, except as discussed below, each Contributing Employer makes a matching contribution (“Matching Contributions”) on behalf of each Participant who has completed one year of service in an amount equal to 100% of such Participant’s Deferred Contributions up to 5% of such Participant’s eligible compensation each pay period. Participants whose annual total cash compensation is $250,000 or more are not eligible to receive Matching Contributions. This determination is made as of each August 1 and applies for the next succeeding calendar year.

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

A Participant may elect to have 100% of their Matching Contributions invested in the same manner as their Deferred Contributions. If a Participant fails to make such an election, Matching Contributions will be invested in the Plan’s JPMorgan Chase Common Stock Fund.

Employer Non-Matching Contributions

JPMorgan Chase Bank, N.A. announced a discretionary contribution would be allocated to the accounts of certain non-highly compensated employees in early 2007. Participants have full investment discretion over vested employer non-matching contributions. Until the contributions are vested, the contribution will be invested in the Plan’s JPMorgan Chase Common Stock Fund.

Rollover Contributions

The Plan accepts qualifying rollover contributions made by Participants in cash from qualified retirement plans of other employers, including: qualified traditional individual retirement accounts (“IRA”); contributory individual retirement accounts; and governmental plans. After-tax rollovers are not accepted by the Plan.

Dividend Election

The JPMorgan Chase Common Stock Fund has been designated as a nonleveraged employee stock ownership plan. As such, a Participant may elect to have any dividends attributable to their vested balance paid to them on a quarterly basis rather than reinvested; the dividend payments are not subject to an early distribution tax penalty. If a Participant makes no election, the dividend income will automatically be reinvested in the Participant’s account in that fund (“Fund”).

Vesting

A Participant’s Deferred Contributions are always 100% vested, including any associated investment performance (or “earnings”). Participants are immediately 100% vested in the value of the Matching Contributions, including any associated investment performance. Employer non-matching contributions, if any, will generally vest after the Participant has completed three years of service.

Distributions

Withdrawal of Contributions

The Plan allows a Participant to withdraw all or any portion of their vested account balance attributable to after-tax contributions or contributions rolled over from another qualified plan or IRA, if any. Certain individuals who participated in prior plans may also withdraw other types of nonforfeitable employer contributions, subject to certain restrictions.

Participants who have withdrawn all amounts permissible under the preceding paragraph may request to withdraw up to the remaining amount of their vested account balance only upon attaining age 59 ¹/2 or for reasons of financial hardship, provided, however, that earnings realized after December 31, 1988, on Deferred Contributions, Matching Contributions made after December 31, 2004, and certain other Deferred Contributions under prior plans are not available for hardship withdrawal.

Payment of Vested Benefits

A Participant who terminates employment may elect to receive the value of their vested benefit under the Plan. In the event of the death of a married Participant, fully vested benefits will be distributed to the Participant’s spouse or to another beneficiary if the spouse previously consented. An unmarried Participant may designate anyone as their beneficiary. If there is no spouse or living beneficiary on the date of the Participant’s death, then the value of the vested benefit is distributed to the Participant’s estate.

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

A terminated Participant whose vested account balance under the Plan (including loans) is greater than $1,000 may elect to: (1) receive a lump sum payment; (2) obtain a rollover payment to an IRA or another employer’s qualified plan; (3) receive monthly, quarterly or annual installments of at least $500 over a period not exceeding their life expectancy, or (4) defer receipt of the distribution until April 1 of the year after they attain the age of 70 ¹/2. If no election is made, then the account distribution will be deferred, automatically, until the month after the Participant attains age 65.

If a terminated Participant’s vested account balance does not exceed $1,000, the account balance, less any required income tax withholding, will be paid to the Participant in a single lump sum. However, if the Participant elects to roll over the distribution to an IRA or another employer’s qualified plan, the entire account balance will be distributed (i.e., there will be no income tax withholding).

Loans to Plan Participants

The Plan permits Participants to borrow a portion of their vested account balance without paying income taxes or incurring income tax penalties. The minimum loan amount is $1,000. The maximum aggregate amount of all loans to any Participant under the Plan is the lesser of $50,000 (reduced by the highest loan balance outstanding during the 12-month period preceding the date of the new loan) or 50% of the vested value of their account balance. The interest rate on a loan is based on the prime rate in effect on the first business day of the month, and it is fixed for the duration of the loan. Generally loans must be paid off within five years. If, however, the loan is for the purchase of a principal residence, the repayment period may be up to 15 years. A Participant is limited to no more than six loans outstanding at any time. Loan principal and interest are paid through payroll deductions. Loan transactions are reported in the Statements of Net Assets Available for Benefits as Loans to plan participants.

Investment Program

The net assets available for benefits of the Plan at December 31, 2006 and 2005, are held in a Trust Fund administered by JPMorgan Chase Bank, N.A., as trustee (“Trustee”), to be invested and distributed in accordance with the Plan and the trust agreement under which the Trust Fund was established.

As of December 31, 2006, the 26 investment options consist of: 22 core investment funds, including six fixed-income funds, twelve domestic equity funds, and four international equity funds; the JPMorgan Chase Common Stock Fund and three lifestyle portfolios. The lifestyle portfolios invest in a fixed, but different mix of core unit trust options to provide Participants with varying risk/return profiles. The Participants direct their accounts and the funds are managed by various investment managers.

Fund transactions are processed on a daily basis and are recorded at an aggregate level within the Trust Fund. J.P. Morgan Retirement Plan Services, LLC, a wholly-owned subsidiary of JPMorgan Chase, is the record keeper for the Plan.

Participants may elect to change the allocation of their account balances and contributions in the investment funds on a daily basis. Participant requests for fund reallocations, transfers and distributions are processed on a daily basis using net asset values. Changes become effective on the same business day if the New York Stock Exchange is open and the request is made before 4 p.m. Eastern Time, or by the close of the New York Stock Exchange, whichever is earlier. Otherwise, the changes become effective on the next business day.

At its discretion, JPMorgan Chase Bank, N.A. may place restrictions on investments in the Funds and on daily transfers and reallocations among Funds. Prior to October 1, 2006, no amount — including any prior balance — could be transferred and/or reallocated out of the four international funds for 30 calendar days from the date of the initial transfer/reallocation transaction. Effective October 1, 2006, a transfer and/or reallocation out of any of the investment funds that hold shares of a mutual fund or international fund will result in no amounts being transferred back into that same Fund for 30 calendar days from the date of the initial transfer/reallocation.

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

Summary of Significant Accounting Policies

Basis of Presentation

The accounting and financial reporting policies of the Plan conform to accounting principles generally accepted in the United States of America (“U.S. GAAP”).

Use of Estimates in the Preparation of Financial Statements

The preparation of financial statements requires Plan management to make estimates and assumptions that affect the reported amounts of assets, liabilities and changes in net assets available for benefits, and disclosure of contingent assets and liabilities. Actual results could be different from these estimates.

Investment Valuation

JPMorgan Chase & Co. common stock is valued at the closing price reported on the New York Stock Exchange Composite Transaction Tape. Common stocks are valued at the closing price reported on the major market on which the individual securities are traded. Investments in mutual funds and common/collective trust funds are valued at the per unit amounts reported by such Funds, which approximates fair value. Synthetic guaranteed investment contracts, which are fully benefit-responsive, are carried at contract value (cost plus accrued income). Corporate debt instruments, U.S. government and federal agency obligations, and U.S. government-sponsored enterprise obligations are valued at the last reported bid (quoted market) price. Loans to participants are valued at cost plus accrued interest, which approximates fair value.

Derivative receivables and derivative payables are comprised of forward foreign exchange contracts and exchange traded futures and options contracts. Forward foreign exchange contracts are valued at their estimated fair values based on current prices for the underlying currencies obtained from independent market quotations. Exchange traded futures and options contracts are valued at fair values based upon the last reported sales price on the principal exchange on which the contracts are traded, with the resulting changes in contract values being recorded in net appreciation in fair value of investments.

Securities and Securities Lending Transactions

Securities transactions are recorded on a trade-date basis. Realized gains (losses) are computed based on the average cost of securities sold. Dividend income is recorded on the ex-dividend date. Interest income is accounted for on the accrual basis.

The Plan participates in a securities lending program administered by JPMorgan Chase. Under the program, borrowers are required to provide collateral equal to a minimum of 102% of the fair value of the loaned securities in the form of cash, U.S. government securities, or other qualifying securities. JPMorgan Chase Bank, N.A. bears all the costs of the program. Net interest income earned by the Plan under the program was $741,311 and $136,529 in 2006 and 2005, respectively, which is recorded in interest income in the Statement of Changes in Net Assets Available for Benefits. At December 31, 2006 and 2005, common stock, U.S. government-sponsored enterprise obligations, U.S. government and federal agency obligations, corporate debt instruments, and other investments of the Plan with an aggregate fair value (no collateral) of $342,279,060 and $69,141,572, respectively, had been loaned under this program.

Participant Withdrawals

Participant withdrawals are recorded when paid.

Differences between Financial Statements and Form 5500

The Plan calculates realized gains (losses) and unrealized appreciation (depreciation) as the difference between current market value and cost. Internal Revenue Service (“IRS”) Form 5500 calculates realized gains

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

(losses) and unrealized appreciation (depreciation) as the difference between current market value and market value at the prior period year-end.

The Plan does not reflect as liabilities amounts allocated to the accounts of Participants who have elected to withdraw from the Plan but have not yet been paid. The Department of Labor, however, requires that these amounts be reported as a liability on Form 5500. Similarly, amounts allocated to withdrawals by Participants that have been processed and approved for payment prior to December 31, but are not yet paid as of that date are recorded on the Form 5500 as benefits paid.

The following is a reconciliation of net assets available for benefits as disclosed in the financial statements to the Form 5500:


	At December 31,
	2006		2005
Net assets available for benefits per the financial statements	$	13,182,343,806	$	11,626,802,730
Less: Amounts allocated to withdrawing Participants		—		(2,375,189	)

Net assets available for benefits per Form 5500	$	13,182,343,806	$	11,624,427,541

The following is a reconciliation of benefits paid to Participants as disclosed in the financial statements to Form 5500:


	Year Ended December 31,
	2006			2005
Benefits paid to Participants per the financial statements	$	1,218,938,306		$	1,020,380,915
Add: Amounts allocated to withdrawing Participants at end of year		—			2,375,189
Less: Amounts allocated to withdrawing Participants at beginning of year		(2,375,189	)		(539,227	)

Benefits paid to Participants per Form 5500	$	1,216,563,117		$	1,022,216,877

Foreign Currency Translation

The Plan revalues assets and liabilities denominated in foreign (i.e., non-U.S.) currencies into U.S. dollars using applicable exchange rates as of the date of the Statement of Net Assets Available for Benefits. Income and expenses denominated in foreign (i.e., non-U.S.) currencies are revalued at the exchange rates prevailing at the date of the transaction.

Accounting and Reporting Developments

Fair Value Measurements

In September 2006, the Financial Accounting Standards Board (“FASB”) issued Statement of Financial Accounting Standards (“SFAS”) 157, “Fair Value Measurements,” which defines fair value, establishes a framework for measuring fair value, and expands disclosures about assets and liabilities measured at fair value. The new standard provides a consistent definition of fair value which focuses on exit price and prioritizes, within a measurement of fair value, the use of market-based inputs over entity-specific inputs. The standard also establishes a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. In addition, the standard eliminates large position discounts for financial instruments quoted in active markets and also requires consideration of nonperformance risk when valuing liabilities. The guidance in SFAS 157 is effective for fiscal years beginning after November 15, 2007. The Plan intends to adopt SFAS 157 effective January 1, 2008, and it has not yet determined the impact the standard may have on its financial statements.

Fully Benefit-Responsive Investment Contracts

On December 29, 2005, the FASB issued FASB Staff Position AAG INV-1 and SOP 94-4-1, “Reporting of Fully Benefit-Responsive Investment Contracts Held by Certain Investment Companies Subject to the AICPA Investment Company Guide and Defined-Contribution Health and Welfare and Pension Plans” (“FSP”). This FSP

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

amends the guidance in AICPA Statement of Position 94-4, “Reporting of Investment Contracts Held by Health and Welfare Benefit Plans and Defined-Contribution Pension Plans,” with respect to the definition of “fully benefit-responsive” and the presentation and disclosure of fully benefit-responsive investment contracts. The guidance in the FSP is effective for financial statements with annual periods ending after December 15, 2006, and the Plan adopted this guidance for the December 31, 2006 financial statements, with retroactive application to the December 31, 2005 financial statements.

Investment contracts held by a defined contribution plan are typically reported at fair value. However, under the FSP, contract value is the relevant measurement attribute for that portion of the net assets available for benefits of a defined contribution plan attributable to fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the plan. As required by the FSP, the Statement of Net Assets Available for Benefits presents the fair value of the investment contracts and the adjustment from fair value to contract value. The Statement of Changes in Net Assets Available for Benefits is prepared on a basis that reflects income credited to Participants but not realized and unrealized gains and losses on the investment contracts.

Investments

Investments that represent five percent or more of the Plan’s net assets available for benefits at December 31, 2006 and 2005, were as follows:


Description	2006		2005
JPMorgan Chase & Co. common stock	$	3,770,313,601	$	3,362,406,736
BGI Equity Index Fund		1,392,254,923		1,281,207,521
JPM TR I Small Cap Core Fund Select		—		570,331,647

During the years ended December 31, 2006 and 2005, the Plan’s investments generated net appreciation (depreciation) as follows:


Description	2006			2005
Based on quoted market prices:
JPMorgan Chase & Co. and other common stocks	$	884,261,773		$	55,419,454
Common/collective trust funds		318,357,268			105,149,555
Registered investment companies		205,295,417			60,185,351
Plan’s share of Master Trust		59,730,415			88,657,785
Corporate debt instruments		8,526,264			(129,904	)
Derivative receivables (payables), net		4,378,638			—
U.S. government and federal agency obligations		2,195,424			—
U. S. government-sponsored enterprise obligations		551,075			(47,378	)
Other		5,376,448			—

Total based on quoted market prices		1,488,672,722			309,234,863

Based on estimated fair value as determined by the Trustee:
Derivative receivables (payables)		(1,862,258	)		—
Common stock		(23,480	)		—
Corporate debt instruments		(9,190	)		(412	)
Other		(591,502	)		2,566

Total based on estimated fair value		(2,486,430	)		2,154

Total net appreciation	$	1,486,186,292		$	309,237,017

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

Master Trust

Prior to October 1, 2006, certain of the Plan’s investments were held in the Master Trust For Certain Investment Funds of The JPMorgan Chase Retirement and 401(k) Savings Plans (“Master Trust”). Effective October 1, 2006, the Plan’s assets held by the Master Trust were transferred to the Plan, and the Master Trust was dissolved due to a transfer of net assets related to the other participating plan (i.e., The JPMorgan Chase Retirement Plan) to another trust. JPMorgan Chase Bank, N.A. was the trustee for the Master Trust.

Prior to the dissolution of the Master Trust, the Plan’s accounts in the Master Trust were credited with income, gains or losses in respect of the Plan’s assets held in the Master Trust. Additionally, the Plan invested in one of the Master Trust’s investment Funds in equal increments called units (“Units”). Each Unit represented an equal right to share in the applicable Fund’s net earnings, gains and losses. No Unit had priority or preference over any other Unit of the applicable Fund. The Plan’s percentage interest in the net assets of the Master Trust at fair value was approximately 56% at December 31, 2005. The underlying investments of the Master Trust and the Plan investments were valued in the same manner.

The Net Assets of the Master Trust at fair value were as follows at December 31, 2006 and 2005:


	2006		2005
Common stocks	$	—	$	1,554,242,676
Corporate debt instruments		—		1,048,921,136
Common/collective trust funds		—		248,099,309
U.S. government and federal agency obligations		—		623,405,878
U.S. government-sponsored enterprise obligations		—		261,601,240
Derivative receivables		—		8,910,201
Foreign government obligations		—		10,476,832
Cash		—		11,302,980
Investment income receivable		—		17,717,869
Receivables for securities sold		—		12,037,171
Payables for securities purchased		—		(278,789,960	)
Derivative payables		—		(6,267,365	)
Payable under securities lending agreements		—		(540,567,556	)
Other		—		5,912,852
Accrued expenses		—		(525,472	)

Net Assets of the Master Trust	$	—	$	2,976,477,791

Investment income for the Master Trust was as follows at December 31, 2006 and 2005:


	2006			2005
Net appreciation (depreciation) in fair values of investments:
Common stocks	$	130,734,523		$	116,715,671
Registered investment companies (mutual funds)		5,962,185			—
Corporate debt instruments		2,792,960			(22,043,630	)
Common/collective trust funds		4,809,436			(7,803	)
U.S. government and federal agency obligations		(10,936,387	)		(3,114,899	)
U.S. government-sponsored enterprise obligations		(5,943,346	)		(1,745,914	)
Derivative receivables (payables), net		(2,533,990	)		(10,556,450	)
Debt securities issued by non-U.S. governments		—			806,005
Other investments		762,401			(634,490	)

Total net appreciation/(depreciation)		125,647,782			79,418,490
Interest		46,907,851			63,791,229
Dividends		17,804,596			36,220,260

Net investment income for the Master Trust	$	190,360,229		$	179,429,979

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

Derivative Receivables and Derivative Payables

In the normal course of business, the Plan utilizes derivative instruments to manage exposures to fluctuations in interest and currency rates. The Plan utilizes options and futures contracts to hedge interest rate risk and securities price risk in the Intermediate Bond Fund and forward foreign exchange contracts to hedge currency risk in the High Yield Bond Fund. These financial instruments are recorded at fair value as derivative receivables and payables in the Statement of Net Assets Available for Benefits. See Note 6 for a summary of the Plan’s interest in the “Master Trust” which includes derivative instruments at December 31, 2005.

Foreign Exchange Contracts

A foreign exchange contract obligates one party to purchase and the other party to sell a specific currency at a set price on a future date. To hedge against foreign exchange rate risks on foreign currency denominated transactions and holdings, the Plan may buy or sell forward foreign exchange contracts. The Plan is subject to the credit risk that the counterparty to a foreign currency contract will not fulfill its obligation under the contract.

Options and Futures Contracts

By writing options, the Plan receives a premium and becomes obligated during the term of the option to purchase or sell a specified instrument at a set price if the option is exercised. By purchasing options, the Plan pays a premium to buy or sell a specified instrument at a set price during the term of the option.

Futures contracts are contracts for delayed delivery of specified instruments in which the seller agrees to make delivery at a specified future date of a specified instrument, at a specified price or yield. Upon entering into an options or futures contract, the Plan is required to deposit either cash or securities in an amount equal to a certain percentage of the contract value (i.e., initial margin). As these contracts are marked-to-market on a daily basis, subsequent payments (i.e., variation margin) are made or received by the Plan each day.

The Plan is subject to option price volatility risk and the risk that futures contract may not correlate with the prices of the portfolio securities. The Plan’s activities in these contracts are conducted through regulated exchanges, which does not result in counterparty credit risk since the exchanges assume the default risk of the counterparty, and generally require margin deposits of cash or securities as collateral to minimize potential credit risk. Liquidity risk may arise if there is insufficient trading activity on the options or futures exchange.

Plan Expenses

Unless paid by the Contributing Employers, the Trustee pays the expenses of the Plan using Plan assets. For 2006 and 2005, the following expenses have been paid by the Plan: (a) taxes on the assets in the Trust Fund or related income, (b) brokerage costs, (c) other expenses in connection with the purchase and sale of assets by the managers of Funds, (d) fees paid for asset management, and (e) certain overhead expenses directly attributable to the administration of the Plan.

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

Transactions with Affiliated Parties

The following is a summary of transactions with parties affiliated with the Plan for the years ended December 31, 2006 and 2005:


			Aggregate Proceeds
			from Sales,
			Redemptions and
	Aggregate Cost		Distributions to
For the Year Ended December 31, 2006	of Purchases		Participants

JPMorgan Domestic Liquidity Fund	$	3,504,630,341	$	3,446,484,203
JPMorgan Chase & Co. common stock		387,299,164		601,968,701
American Century International Small Cap Fund		58,538,284		224,907,767
American Century Ultra Fund		543,477		543,477
Core Bond Fund (managed by JPMorgan Investment Advisors)		26,264,805		20,040,379
Funds managed by JPMorgan Asset Management (USA) Inc.:
Short-Term Fixed Income Fund		2,458,711,357		2,637,652,431
Growth and Income Fund		60,555,721		63,103,371
Stable Value Fund		487,870,525		362,931,166
Mid Cap Growth Fund		63,859,394		45,556,589
Small Cap Core Fund		73,940,929		133,538,656
International Large Cap Core Fund (managed by JPMorgan Asset Management (London) Limited)		21,104,210		478,455,055

For the Year Ended December 31, 2005
JPMorgan Domestic Liquidity Fund	$	2,257,059,033	$	2,278,857,849
JPMorgan Chase & Co. common stock		360,536,903		433,693,508
American Century International Small Cap Fund		81,689,286		25,848,904
American Century Ultra Fund		43,600,016		19,699,540
Core Bond Fund (managed by JPMorgan Investment Advisors)		42,187,863		28,632,683
Funds managed by JPMorgan Asset Management (USA) Inc.:
Short-Term Fixed Income Fund		2,806,100,161		2,554,956,719
Growth and Income Fund		565,213,575		516,943,702
Stable Value Fund		518,283,769		434,530,249
Mid Cap Growth Fund		241,312,352		190,889,191
Small Cap Core Fund		110,816,117		92,542,292
International Large Cap Core Fund (managed by JPMorgan Asset Management (London) Limited)		208,366,164		51,710,508

10.

Investments in Synthetic Guaranteed Investment Contracts

A synthetic guaranteed investment contract is an investment contract in which the Plan owns the underlying assets. To create a synthetic guaranteed investment contract, the Plan purchases fully benefit-responsive wrapper contracts from independent third parties (“Issuers”), which provide market and cash flow risk protection to the Plan. The Plan accounts for synthetic guaranteed investment contracts at contract value in accordance with FSP AAG INV-1 and SOP 94-4-1. Contract value represents contributions made under the contract, plus earnings, less withdrawals and administrative expenses. The crediting rate is reset each calendar quarter based on data as of the last business day of the month prior to the end of the quarter. Crediting rates are reset in accordance with a formula contained in the contract, and take into account the yield, duration, and fair value of the portfolio, as well as the contract value and wrap fees. All wrapper contracts have a 0% minimum crediting rate. The average yield and interest crediting rate of the synthetic guaranteed investment contracts were 5.47% and 5.76% at December 31, 2006 and 2005, respectively.

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

The wrapper contracts in the Plan permit all Participant-initiated transactions as allowed by the Plan to occur at contract value. There are no events known to the Plan that are probable of occurring and which would limit its ability to transact at contract value with the Issuers, and which also limit the ability of the Plan to transact at contract value with Participants. The wrapper contracts cannot be terminated by the Issuer at a value other than contract value except under a limited number of very specific circumstances including termination of the Plan or failure to qualify, material misrepresentations by the Plan sponsor or investment manager, failure by these same parties to meet material obligations under the contract, or other similar types of events.

The following is a summary of the Plan’s fully benefit-responsive synthetic guaranteed investment contracts:


				Wrapper
	Major			Contracts		Adjustments
	Credit	Investments		at Fair		to Contract		Total
Investments at December 31, 2006	Ratings	at Fair Value		Value		Value		Investment
Bank of America Bond Wrapper	AA	$	590,013,887		—	$	8,687,947	$	598,701,834
State Street Bank Bond Wrapper	AA		590,013,139		—		8,687,937		598,701,076
AIG Financial Products Bond Wrapper	AA		589,945,566		—		8,686,942		598,632,508

Synthetic guaranteed investment contracts			1,769,972,592		—		26,062,826		1,796,035,418
State Street Bank Loan Wrapper	AA		670,392		—		—		670,392
JPMorgan Domestic Liquidity Fund	NA		16,242,741		—		—		16,242,741

Other benefit-responsive contracts			16,913,133		—		—		16,913,133

Total		$	1,786,885,725	$	—	$	26,062,826	$	1,812,948,551


Investments at December 31, 2005
Bank of America Bond Wrapper	AA	$	552,212,698		—	$	7,039,983	$	559,252,681
State Street Bank Bond Wrapper	AA		552,211,989		—		7,039,973		559,251,962
AIG Financial Products Bond Wrapper	AA		552,147,807		—		7,039,155		559,186,962

Synthetic guaranteed investment contracts			1,656,572,494		—		21,119,111		1,677,691,605
State Street Bank Loan Wrapper	AA		1,117,136		—		—		1,117,136
JPMorgan Domestic Liquidity Fund	NA		9,200,451		—		—		9,200,451

Other benefit-responsive contracts			10,317,587		—		—		10,317,587

Total		$	1,666,890,081	$	—	$	21,119,111	$	1,688,009,192

The Other benefit-responsive contracts are held in Loans to plan participants (State Street Bank) and Common/collective trust funds (JPMorgan Domestic Liquidity Fund) as reported in the Statement of Net Assets Available for Benefits.

11.

Tax Status and Federal Income Taxes

On July 1, 2004, the Plan received a favorable letter of determination from the IRS stating that it qualified under Section 401(a) of the Code, and therefore, the related trust is exempt from taxation. The Plan is required to operate in accordance with the Code to maintain its qualified status. The Plan administrator believes the Plan has been operating in compliance with applicable requirements of the Code.

Participants currently pay no U.S. federal income tax on contributing employer contributions or income earned by the Trust. When a Participant, or his or her beneficiary or estate, receives a distribution under the Plan, the distribution is generally taxable. The tax treatment of any distribution from the Trust depends on individual circumstances.

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

12.

Net Assets Transferred From Other Plans

During 2006 and 2005, JPMorgan Chase acquired all or some of the business operations of certain entities and, accordingly the Plan, received (including net assets receivable) a transfer of net assets with a total fair value of $31,805,802 and $16,339,344 as of December 31, 2006 and 2005, respectively. The details of the transfers were as follows:


Description	Amount
At December 31, 2006:
CCA Strategies, LLC	$	14,545,769
Collegiate Funding Services, LLC		11,102,673
J.P. Morgan Mortgage Capital Inc.		6,157,360

Total	$	31,805,802


At December 31, 2005:
Vastera, Inc.	$	14,875,327
Neovest Holdings, Inc.		1,464,017

Total	$	16,339,344

13.

Commitments and Contingencies

In accordance with the provisions of SFAS 5, “Accounting for Contingencies,” the Plan accrues for a litigation-related liability when it is probable that such a liability has been incurred and the amount of the loss can be reasonably estimated. While the outcome of litigation is inherently uncertain, the Trustee of the Plan believes, in light of all information known to it at December 31, 2006, that there is no outstanding litigation affecting the Plan that would require the establishment of a litigation reserve. In addition, the Trustee of the Plan believes that the Plan has meritorious defenses to claims asserted against it in its currently outstanding litigation and, with respect to such litigation, intends to continue to defend itself vigorously, litigating or settling cases according to the Trustee’s judgment as to what is in the best interests of the Plan.

14.

Risks and Uncertainties

The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the statements of net assets available for benefits.

The Plan’s exposure to a concentration of credit risk is limited by the diversification of investments across 26 investment fund elections. Additionally, the investments within each Fund are further diversified into various financial instruments, with the exception of the JPMorgan Chase Common Stock Fund, which invests primarily in JPMorgan Chase & Co. common stock. The Plan’s exposure to credit risk on guaranteed investment contracts is limited to the fair value of the contracts with each counterparty.

15.

Plan Termination

JPMorgan Chase reserves the right to amend, modify or terminate the Plan at any time. In the event of termination, the value of Participants’ accounts will be paid in accordance with the provisions of the Plan and the provisions of ERISA.

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK:
	ABB GRAIN	47,300 shares		239,840		251,280
	ABC ARBITRAGE EUR0.016	37,564 shares		129,206		179,313
	ABILIT CORPORATION	2,900 shares		28,229		14,725
	ABN-AMRO HLDGS NV EUR0.56	88,327 shares		2,431,949		2,836,108
	ACAL ORD GBP0.05	24,700 shares		161,736		200,737
	ACCOR EUR3	17,320 shares		1,176,712		1,340,653
	ACEA SPA EUR5.16	6,540 shares		89,838		125,307
	ACERIAS Y FORJAS DE AZCOITIA EUR0.25	63,028 shares		609,284		602,562
	ACS ACTIVIDADES CO EUR0.5	100,600 shares		4,306,652		5,665,756
	ACTUANT CORP	28,600 shares		1,365,607		1,362,790
	ADELAIDE BRIGHTON ORD	122,500 shares		228,524		271,319
	ADOBE SYSTEMS INC	23,060 shares		804,927		948,227
	ADTRAN INC	73,100 shares		1,602,052		1,659,370
	ADVANCED MICRO DEVICES INC	60,950 shares		1,712,463		1,240,333
	AFFILIATED COMPUTER SERVICES INC	90,000 shares		5,260,022		4,395,600
	AFFYMETRIX INC	34,900 shares		768,117		804,794
	AGFA GEVAERT	42,000 shares		1,023,178		1,072,223
	AGL RESOURCES	33,200 shares		1,147,013		1,291,812
	AGRANA BETEILIGUNGS AG	203 shares		19,606		19,755
	AHRESTY CORPORATION	9,500 shares		246,452		289,413
	AICHI MACHINE INDUSTRY CO	45,000 shares		126,043		111,410
	AIDA ENGINEERING	38,000 shares		262,315		238,228
	AIR FRANCE — KLM EUR8.50(REGD)	51,800 shares		1,216,547		2,178,284
	AIRGAS INC	20,800 shares		554,731		842,816
	AIRPORT FACILITIES CO	20,300 shares		140,545		118,745
	AKER YARDS ASA NOK20	5,200 shares		315,608		403,382
	AKITA BANK	43,000 shares		233,553		208,585
	ALCO HOLDINGS HKD0.10	8,000 shares		4,367		3,456
	ALESCO CORP	23,600 shares		157,581		214,662
	ALEXON GROUP GBP0.10	42,873 shares		110,790		157,538
	ALGOMA STEEL INC	14,200 shares		439,837		401,461
	ALIMENTATION COUCH	3,882 shares		84,726		84,565
	ALLIANCE DATA SYSTEM	16,300 shares		738,731		1,018,261
	ALLIED IRISH BANKS ORD EUR0.32	207,096 shares		5,152,521		6,159,630
	ALLIED PROPERTIES(HK) HKD2	168,000 shares		195,530		200,894
	ALLIED WASTE INDUSTRIES INC	603,481 shares		5,273,068		7,416,781
	ALLTEL CORP	14,400 shares		752,494		870,912
	ALPHA BANK A E EUR3.9	85,300 shares		2,721,147		2,575,816
	ALPHA NATURAL RESOURCES	67,300 shares		1,415,708		957,679
	ALPHAMERIC GBP0.025	117,418 shares		157,854		109,731

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK — (continued):
	ALPS ELECTRIC CO	24,900 shares		279,620		269,782
	ALTRIA GROUP INC	14,100 shares		1,060,744		1,210,062
	ALUMASC GROUP GBP0.125	4,605 shares		16,870		18,296
	AMANDA CAPITAL OYJ EUR0.5	21,800 shares		82,367		98,601
	AMBRIAN CAPITAL PLC ORD GBP0.10	130,000 shares		128,301		136,119
	AMCOR ORD	40,700 shares		204,334		232,579
	AMER INTL GRP	28,000 shares		1,871,367		2,006,480
	AMERICAN COMMERCIAL LINES INC	16,800 shares		389,790		1,100,568
	AMERICAN EXPRESS CO	84,358 shares		3,939,752		5,118,000
	AMERICAN TOWER CORP	242,800 shares		6,787,136		9,051,584
	AMERIPRISE FINANCIAL INC	24,200 shares		1,030,306		1,318,900
	AMGEN INC	52,208 shares		3,649,321		3,566,328
	AMSTRAD GBP0.10	22,915 shares		69,676		70,187
	ANGIOTECH PHARMACEUTICALS INC	37,400 shares		444,636		308,212
	ANHEUSER-BUSCH COS INC	42,800 shares		1,881,930		2,105,760
	ANNALY CAPITAL MANAGEMENT INC	146,700 shares		1,756,918		2,040,597
	ANSELL	19,400 shares		168,688		172,025
	ANTOFAGASTA GBP0.05	103,000 shares		807,676		1,026,069
	AOI ELECTRONICS	500 shares		10,680		11,372
	AOKI HOLDINGS INC	15,000 shares		245,676		266,250
	AOYAMA TRADING CO	12,600 shares		387,191		377,508
	APPLE INC	38,680 shares		2,539,525		3,281,611
	APPLIED MICROCIRCUITS CORP	238,800 shares		770,735		850,128
	ARDEPRO CO	2,000 shares		658,042		657,127
	ARNOLDO MONDADORI EDITORE SPA EUR0.26	94,000 shares		866,275		981,710
	ASAHI BREWERIES	45,000 shares		625,678		719,441
	ASAHI DIAMOND INDUSTRIAL CO	16,000 shares		141,689		121,925
	ASCOM HOLDING AG CHF5.5(REGD)	39,000 shares		483,208		490,415
	ASIA FOOD & PROPERTIES ORD SGD1	10,000 shares		5,236		4,204
	ASML HOLDING NV EUR0.02	101,100 shares		2,090,069		2,511,669
	ASPEN INSURANCE HLDGS	50,700 shares		1,236,928		1,336,452
	ASTORIA FINANCIAL CORP	199,700 shares		5,894,373		6,022,952
	ASTRAL MEDIA INC	2,580 shares		81,103		88,527
	ASTRAZENECA	77,100 shares		4,752,213		4,140,570
	AT&T INC	57,600 shares		1,509,435		2,059,200
	ATCO	18,600 shares		617,804		804,450
	ATMI INC	27,200 shares		791,022		830,416
	ATOS ORIGIN EUR1	19,500 shares		1,283,070		1,155,317
	AUGUSTA TECHNOLOGIE AG	6,444 shares		100,607		102,988
	AUR RESOURCES INC	35,700 shares		586,315		744,249

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK — (continued):
	AUSPINE	2,971 shares		9,780		9,859
	AUSTEREO GROUP	118,000 shares		157,043		198,107
	AUSTRALIAN AGRICULTURAL CO	66,200 shares		88,779		96,531
	AUTOBACS SEVEN CO	2,200 shares		78,172		80,316
	AUTODESK INC	121,700 shares		4,524,126		4,923,982
	AUTOSTRADE MERIDIONALI SPA EUR2.07	433 shares		18,973		18,271
	AVAYA INC	383,800 shares		4,480,433		5,365,524
	AVID TECHNOLOGIES INC	15,100 shares		693,244		562,626
	AVIVA ORD GBP0.25	520,923 shares		7,302,332		8,380,443
	AVOCENT CORP	53,900 shares		1,571,555		1,824,515
	AVON PRODUCTS INC	44,100 shares		1,256,207		1,457,064
	AVON RUBBER ORD GBP1	10,000 shares		34,210		30,335
	AXA EUR2.29	99,475 shares		3,598,105		4,023,074
	BAE SYSTEMS ORD GBP0.025	503,329 shares		3,612,699		4,193,998
	BAKER HUGHES INC	42,300 shares		2,717,572		3,158,118
	BALOISE-HLDGS CHF0.1	45,980 shares		3,646,632		4,587,830
	BAM GROEP NV(KONINKLIJKE) ORD EUR0.10	52,000 shares		1,026,915		1,007,292
	BANCA POPOLARE DELL`EMILIA ROMAGNA EUR3	33,600 shares		770,099		824,105
	BANCA POPOLARE DI MILANO EUR3	97,900 shares		1,720,170		1,697,613
	BANCO DE SABADELL SA EUR0.5	62,000 shares		2,370,050		2,772,361
	BANCO ESPIRITO SANTO SA EUR5(REGD)	66,000 shares		908,866		1,185,363
	BANCO SANTANDER CENTRAL HISPANO EUR0.50	235,700 shares		4,045,498		4,394,802
	BANK OF AMERICA CORPORATION	80,000 shares		3,749,280		4,271,200
	BANK OF EAST ASIA HKD2.50	406,000 shares		1,684,596		2,299,566
	BANK OF QUEENSLAND LIMITED	11,400 shares		121,577		139,904
	BANK OF THE OZARKS	34,800 shares		1,178,439		1,150,488
	BANQUE CANTONALE DE GENEVE CHF100	196 shares		34,136		38,535
	BANQUE CANTONALE VAUDOISE CHF62.5(REGD)	2,433 shares		856,220		1,169,961
	BARCLAYS ORD GBP0.25	357,800 shares		4,066,586		5,111,929
	BARD(C.R.) INC	53,800 shares		3,604,954		4,463,786
	BARR PHARMACEUTICALS INC	117,100 shares		7,500,210		5,869,052
	BARRATT DEVELOPMENTS PLC ORD GBP0.10	192,600 shares		3,439,307		4,655,270
	BARRY CALLEBAUT AG CHF84.20	1,840 shares		785,739		927,009
	BAU-VEREIN ZU HAMBURG AG	30,888 shares		259,173		255,788
	BAYER AG	40,349 shares		2,107,856		2,163,368
	BAYERISCHE MOTOREN WERKE AG EUR1	82,540 shares		4,263,766		4,735,697
	BCA INTESA EUR0.52	657,200 shares		3,840,608		5,069,717
	BE SEMICONDUCTOR INDUSTRIES NV EUR0.91	3,000 shares		15,771		17,960
	BECHTLE AG	22,200 shares		517,647		563,526
	BECKMAN COULTER INC	122,500 shares		6,984,299		7,325,500

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK — (continued):
	BELLEVUE GROUP AG CHF0.10	31 shares		2,661		1,981
	BENCHMARK ELECTRONICS INC	34,300 shares		749,237		835,548
	BENDIGO BANK ORD	37,900 shares		366,787		416,129
	BENI STABILI SPA EUR0.1	682,535 shares		700,879		1,088,132
	BETSSON	34,243 shares		97,082		109,089
	BHP BILLITON LIMITED	172,500 shares		3,745,072		3,439,911
	BIOMET INC	150,600 shares		5,528,677		6,215,262
	BLACKBAUD INC	41,700 shares		703,239		1,084,200
	BLOCK(H & R) INC	45,600 shares		992,663		1,050,624
	BLUESCOPE STEEL	344,500 shares		2,213,199		2,340,637
	BML INC	6,000 shares		127,334		124,376
	BNP PARIBAS EUR2	103,609 shares		10,175,774		11,291,995
	BOBST AG CHF1	374 shares		16,370		18,383
	BOEHLER-UDDEHOLM	56,500 shares		3,243,073		3,956,155
	BOERO BARTOLOMEO EUR2.6	885 shares		18,870		18,952
	BOK FINANCIAL CORP	23,300 shares		1,102,473		1,281,034
	BONGRAIN SA EUR1	11,400 shares		845,282		1,126,696
	BOSTON PRIVATE FINANCIAL HLDGS INC	25,000 shares		701,464		705,250
	BOSTON PROPERTIES INC	66,900 shares		5,112,156		7,484,772
	BOSTON SCIENTIFIC CORP	44,200 shares		941,788		759,356
	BOUYGUES EUR1	34,500 shares		1,764,071		2,212,349
	BOWATER INC	22,000 shares		646,722		495,000
	BP	713,291 shares		8,360,174		7,922,353
	BRIGHT HORIZONS FAMILY SOLUTIONS	58,200 shares		2,103,273		2,250,012
	BRINKER INTERNATIONAL	129,750 shares		3,314,350		3,913,260
	BRISTOL-MYERS SQUIBB CO	27,700 shares		649,501		729,064
	BRIT INSURANCE HOLDINGS ORD GBP0.75	142,000 shares		831,114		877,512
	BRITISH AIRWAYS ORD GBP0.25	730,100 shares		4,987,823		7,537,484
	BRITISH AMERICAN TOBACCO ORD GBP0.25	175,274 shares		4,769,971		4,901,978
	BRITISH ENERGY GROUP ORD GBP0.1	161,740 shares		1,715,432		1,718,854
	BRITISH LAND CO ORD GBP0.25	57,000 shares		1,633,121		1,912,085
	BRITISH POLYTHENE INDUSTRIES ORD GBP0.25	1,286 shares		10,973		11,332
	BRIXTON ORD GBP0.25	99,000 shares		896,863		1,116,039
	BROADWING CORPORATION	53,800 shares		378,666		840,356
	BROOKS AUTOMATION INC	87,300 shares		1,159,751		1,257,120
	BROTHER INDUSTRIES	32,000 shares		312,636		432,647
	BT GROUP ORD GBP0.05	580,800 shares		2,579,327		3,427,169
	BUCHER INDUSTRIES AG CHF0.2 (REGD)	2,983 shares		270,778		323,299
	BUHRMANN NV EUR1.20(POST CONS)	16,542 shares		235,626		245,616
	C&C GROUP ORD EUR0.01	254,100 shares		2,409,680		4,506,686

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK — (continued):
	C.I.TRADERS ORD GBP0.10	253,356 shares		389,891		407,839
	C.S.M NV CVA(PART EXCH)EUR0.25	30,000 shares		1,032,236		1,153,953
	CADBURY SCHWEPPES	22,940 shares		942,073		984,814
	CALPIS CO	7,000 shares		53,025		58,042
	CAMPBELL SOUP CO	23,200 shares		709,542		902,248
	CANACCORD CAP INC	5,450 shares		85,222		87,110
	CANADA BREAD	1,990 shares		115,324		92,514
	CANADIAN REAL ESTATE INVESTMENT TST	300 shares		7,676		8,113
	CANDLE AUSTRALIA	2,100 shares		5,183		5,363
	CANETIC RESOURCES TRUST	3,390 shares		47,444		47,892
	CANON INC	140,000 shares		6,885,781		7,872,099
	CAP GEMINI EUR8	75,600 shares		4,354,041		4,740,265
	CAPRAL ALUMINIUM	34,772 shares		29,225		30,148
	CAREMARK RX INC	26,493 shares		923,709		1,513,015
	CARLSBERG `B`DKK20	11,700 shares		848,568		1,161,080
	CARLSBERG `B`DKK20	35,600 shares		2,974,317		3,532,858
	CARMIKE CINEMAS INC	39,200 shares		1,311,339		799,288
	CARPHONE WAREHOUSE GROUP ORD GBP0.001	23,213 shares		119,311		142,654
	CARR`S MILLING INDUSTRIES ORD GBP0.25	2,890 shares		34,321		33,371
	CARREFOUR EUR2.5	21,060 shares		1,269,160		1,275,791
	CASCADES INC	35,200 shares		357,578		400,186
	CAWACHI	4,800 shares		138,602		130,922
	CBH RESOURCES	89,719 shares		22,722		51,977
	CBRE REALTY FINANCE INC	65,500 shares		950,836		1,029,005
	CBS CORP	21,400 shares		565,353		667,252
	CCL INDUSTRIES INC	6,000 shares		174,679		146,275
	CELESTICA INC SUB	137,457 shares		1,318,931		1,072,536
	CELGENE CORP	30,635 shares		1,287,375		1,762,432
	CEMENTOS PORT VALD EUR1.50	9,100 shares		983,311		1,187,974
	CENTENE CORP	96,100 shares		2,184,490		2,361,177
	CENTENNIAL COAL CO	39,933 shares		114,642		89,075
	CENTURY ALUMINIUM	41,200 shares		1,136,971		1,839,580
	CENTURYTEL INC	30,100 shares		1,007,380		1,314,166
	CERNER CORP	16,700 shares		569,507		759,850
	CHAMPION TECHNOLOGY HOLDINGS LTD HKD0.10	610,000 shares		99,082		102,748
	CHARLES VOGELE HLDG AG CHF8	2,643 shares		182,779		210,236
	CHARTERED SEMICONDUCTOR	245,000 shares		189,771		204,393
	CHESAPEAKE ENERGY CORP	155,100 shares		4,876,689		4,505,655
	CHEVALIER INTL HLDGS HKD1.25	98,000 shares		124,127		99,169
	CHEVRON CORP	48,400 shares		2,816,444		3,558,852

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK — (continued):
	CHINA MOBILE LTD HKD0.10	659,800 shares		3,863,450		5,701,059
	CHINA ORIENTAL GROUP CO HKD0.10	823,000 shares		183,690		190,479
	CHOFU SEISAKUSHO CO	15,700 shares		327,325		316,886
	CHOICEPOINT INC	152,600 shares		5,645,421		6,009,388
	CHUBU NIPPON BROADCASTING	1,900 shares		22,302		20,729
	CHUKYO BANK	18,000 shares		55,275		53,023
	CIBA SPECIALTY CHEMICALS HLDG INC CHF1(REGD)	22,200 shares		1,249,649		1,473,999
	CIMENTS FRANCAIS `A`EUR4	5,585 shares		1,039,525		1,071,560
	CIR-COMPAGNIE INDUSTRIALI SPA EUR0.50	258,000 shares		738,367		854,783
	CISCO SYSTEMS INC	40,500 shares		709,614		1,106,865
	CIT GROUP INC	200,500 shares		10,122,138		11,175,284
	CITIZEN WATCH CO	36,400 shares		326,282		278,296
	CLARIANT CHF4.50	80,000 shares		1,166,876		1,196,035
	CLECO CORP	23,500 shares		558,611		592,905
	CNIM EUR2	3,600 shares		474,928		541,175
	CNP ASSURANCES EUR4	17,400 shares		1,665,941		1,941,109
	COASTAL GREENLAND HKD0.10	660,000 shares		89,706		107,776
	COATES HIRE	34,000 shares		155,591		156,773
	COCA COLA CENTRAL	8 shares		63,913		62,171
	COCA-COLA CO	47,000 shares		1,959,182		2,267,750
	COCA-COLA HBC S.A. EUR0.50	92,700 shares		2,848,063		3,618,277
	COEUR D`ALENE MINECOM	219,500 shares		965,524		1,086,525
	COFINIMMO	182 shares		31,165		36,527
	COLT TELECOM GROUP S.A. ORD EUR1.25	90,000 shares		295,969		236,031
	COMCAST CORP	77,940 shares		2,538,386		3,278,572
	COMET HOLDINGS CHF10(REGD)	800 shares		130,858		142,869
	COMMERZBANK AG	4,068 shares		147,056		154,759
	COMMONWEALTH BANK OF AUSTRALIA	72,000 shares		2,463,116		2,808,018
	COMMVAULT SYSTEMS INC.	54,900 shares		885,121		1,098,549
	COMPAGNIE GENERALE DE GEOPHYSIQUE EUR2	15,100 shares		3,003,031		3,269,493
	COMPASS GROUP ORD GBP0.10	579,222 shares		2,840,896		3,287,492
	COMPUTERLINKS COMPUTERHANDELS AG	4,081 shares		71,017		78,569
	CONSOLIDATED COMMU	55,600 shares		744,567		1,162,040
	CONSOLIDATED RUTILE LIMITED	169,700 shares		86,867		90,287
	CONSTRUCCIONES Y AUXILIAR DE FERR EUR3.01	3,600 shares		524,247		645,612
	CONTACT ENERGY	45,600 shares		200,480		267,509
	CONWERT IMMOBILIEN INVEST AG	5,509 shares		112,996		119,137
	COOKSON GROUP ORD GBP0.10	22,700 shares		279,458		279,002
	COOPER COS INC	67,900 shares		3,573,254		3,021,550
	CORNING INC	518,510 shares		10,758,348		9,701,322

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK — (continued):
	CORONA CORPORATION	6,200 shares		112,388		116,294
	CORPORACION FINANCIERA ALBA EUR1	17,551 shares		974,152		1,308,774
	CORPORACION MAPFRE SA ORD EUR0.1	317,500 shares		1,211,364		1,431,859
	CORUS ENTERTAINMENT INC	15,200 shares		499,831		542,064
	COSMOS INITIA CO LTD	35,000 shares		183,124		177,710
	COUNTRYWIDE FINANCIAL CORP	150,100 shares		5,337,374		6,371,745
	COVANCE	127,200 shares		6,476,133		7,493,352
	COVENTRY HEALTHCARE INC	147,420 shares		8,426,065		7,378,371
	CRANE GROUP LIMITED ORD	200 shares		1,745		2,093
	CREDIT SUISSE GROUP CHF0.50	160,693 shares		9,028,439		11,222,314
	CRH ORD EUR0.32	176,938 shares		6,046,884		7,362,819
	CSX CORP	140,800 shares		4,748,265		4,847,744
	CUMMINS INC	72,200 shares		6,850,587		8,532,596
	D`IETEREN TRADING BV	1,960 shares		635,316		697,055
	DAH SING FINANCIAL GROUP HKD2	6,000 shares		54,147		54,351
	DAIDO STEEL CO	9,000 shares		70,814		59,746
	DAIICHI SANKYO COMPANY LIMITED	62,100 shares		1,627,879		1,938,752
	DAIICHIKOSHO CO	30,800 shares		352,701		374,289
	DAINIPPON INK & CHEMICALS INC	88,000 shares		327,143		342,680
	DAINIPPON SCREEN MANUFACTURING CO	46,000 shares		412,504		412,689
	DAINIPPON SUMITOMO PHARMA CO	110,000 shares		1,220,702		1,277,664
	DAIRY CREST GROUP ORD GBP0.25	137,500 shares		1,575,264		1,827,234
	DAISHI BANK	88,000 shares		398,171		347,111
	DAISHINKU CORP	13,000 shares		75,380		80,735
	DAISYO CORP	1,800 shares		24,898		23,264
	DANSKE BANK A/S DKK10	35,200 shares		1,338,577		1,562,895
	DARDEN RESTAURANTS INC	134,400 shares		5,254,871		5,398,848
	DAVID JONES ORD	110,400 shares		238,992		362,863
	DBS GROUP HLDGS LTD SGD1	194,000 shares		2,627,994		2,857,590
	DE LA RUE ORD GBP0.2777	139,300 shares		1,616,245		1,757,097
	DELHAIZE FRERES ET CIE(LE LION)SA	36,553 shares		2,571,795		3,043,874
	DELTA ORD GBP0.25	164,000 shares		480,335		511,948
	DENBURY RESOURCES INC	89,000 shares		1,600,295		2,473,310
	DENKI KAGAKU KOGYO KK	91,000 shares		378,302		378,037
	DENYO CO	12,000 shares		169,147		130,217
	DEPFA BANK EUR0.3	132,389 shares		2,377,981		2,365,492
	DEUTSCHE BANK AG ORD	26,000 shares		2,957,220		3,474,438
	DEUTSCHE POST AG	116,326 shares		2,985,682		3,503,509
	DEVINE	8,400 shares		6,886		6,853
	DEVRY INC	43,300 shares		909,717		1,212,400

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK — (continued):
	DIAMOND LEASE CO	40,400 shares		2,065,798		1,946,171
	DIGITAL RIVER INC	34,100 shares		1,136,403		1,902,439
	DIGITAS INC	66,800 shares		698,381		895,788
	DNB NOR ASA NOK10	217,700 shares		2,759,708		3,094,341
	DO & CO RESTAURANTS & CATERUNG AG	440 shares		25,365		35,967
	DOBSON COMMUNICATIONS CORP	340,400 shares		2,557,760		2,964,884
	DOMTAR INC	67,300 shares		425,715		569,653
	DOW CHEMICAL CO	17,700 shares		758,463		706,938
	DOWNER EDI ORD	60,400 shares		259,909		332,776
	DR HORTON INC	230,700 shares		8,469,801		6,111,243
	DRAGON OIL ORD EUR0.10	31,256 shares		94,296		104,688
	DRILLISCH AG	42,000 shares		245,936		321,224
	DSM NV EUR1.5	153,600 shares		6,652,743		7,581,259
	DU PONT(E.I.)DE NEMOURS & CO	36,000 shares		1,533,634		1,753,560
	DUKE ENERGY CORP	56,600 shares		1,586,279		1,879,686
	DUNDEE CORP	5,300 shares		172,290		224,762
	DYNEGY INC	59 shares		0		427
	E.ON AG	62,777 shares		7,475,704		8,512,374
	E2V TECHNOLOGIES ORD GBP0.05	2,328 shares		14,912		17,769
	EACESS	559 shares		305,838		315,260
	EASTMAN CHEMICAL CO	81,800 shares		4,404,954		4,851,558
	EATON VANCE CORP	316,600 shares		8,440,630		10,450,966
	EBARA CORP	103,000 shares		445,746		394,176
	EDF EUR0.50	24,443 shares		1,332,245		1,779,196
	EDWARDS(A.G)INC	88,100 shares		4,088,568		5,575,849
	EGANAGOLDPFEIL HOLDINGS LTD	334,000 shares		160,514		188,961
	EIZO NANAO CORP	9,400 shares		225,114		255,600
	EL.EN. SPA EUR0.52	2,123 shares		76,413		78,078
	ELEMENTIS ORD GBP0.05	305,459 shares		453,901		497,690
	ELMOS SEMICONDUCTOR AG	24,000 shares		233,781		239,889
	EMC CORP	143,145 shares		1,765,212		1,889,514
	EMPIRE CO	16,900 shares		638,873		599,930
	ENAGAS SA EUR1.50	66,289 shares		1,517,373		1,540,202
	ENERGIEDIENST HOLDING AG CHF36	28 shares		10,984		12,776
	ENI EUR1	173,500 shares		5,136,238		5,829,472
	ENPLAS CORP	2,700 shares		51,949		43,506
	ENTERCOM COMMUNICATIONS	12,100 shares		416,616		340,978
	ENTERGY CORP	20,400 shares		1,450,245		1,883,328
	ENTERPRISE INNS ORD GBP0.05	162,600 shares		2,865,664		4,305,662
	ENTRAVISION COMMUNICATIONS CORP	164,900 shares		1,316,366		1,355,478

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK — (continued):
	EOG RESOURCES INC	33,025 shares		2,374,899		2,062,411
	EPICOR SOFTWARE CORP	148,400 shares		1,883,477		2,004,884
	EQUIGOLD NL	134,100 shares		141,835		173,345
	EQUINIX INC	33,300 shares		1,356,386		2,518,146
	ERGO PREVIDENZA SPA EUR1	1,517 shares		9,825		10,052
	ESPEC CORP	1,900 shares		27,822		24,174
	ESUN HLDGS HKD0.50	237,000 shares		213,681		248,359
	EUROZ	2,700 shares		6,108		8,427
	EV3 INC	39,300 shares		698,415		677,139
	EVIALIS EUR4	1,954 shares		91,349		88,121
	EXPLOSIFS ET DE PRODUITS CHIMIQUES EUR31	240 shares		130,023		125,008
	EXPRESS SCRIPTS INC	72,556 shares		6,382,991		5,195,010
	EXXON MOBIL CORP	47,900 shares		2,799,702		3,670,577
	F&C ASSET MANAGEMENT ORD GBP 0.001	86,794 shares		320,270		358,421
	FAIRPOINT COMMUNICATIONS INC	62,800 shares		1,077,044		1,190,060
	FANNIE MAE	81,349 shares		3,923,654		4,831,317
	FEDEX CORP	9,356 shares		737,492		1,016,249
	FELIX RESOURCES	71,100 shares		177,957		238,735
	FIELDS CORP	130 shares		306,802		283,664
	FIFTH THIRD BANCORP	55,300 shares		2,100,862		2,263,429
	FINANCIERE DE L`ODET EUR16	1,805 shares		710,664		752,133
	FINMECCANICA SPA EUR4.4	53,600 shares		1,183,400		1,451,056
	FIRST QUANTUM MINERALS	2,800 shares		129,574		150,984
	FIRSTSERVICE CORP	8,900 shares		234,336		206,497
	FLEXTRONICS INTERNATIONAL	389,300 shares		4,264,912		4,469,164
	FLINT ENERGY SERVICES	2,400 shares		61,169		61,356
	FNX MINING CO INC	7,484 shares		112,392		117,498
	FONCIERE DES REGIONS GFR EUR3	4,800 shares		789,009		936,771
	FORBO HLDGS AG CHF20(REGD)	1,996 shares		513,222		794,672
	FOREST OIL CORP	25,400 shares		894,004		830,072
	FORTUM OYJ EUR3.40	107,000 shares		2,844,746		3,042,025
	FOXCONN INTERNATIONAL HLDGS LTD	473,000 shares		1,605,902		1,547,829
	FRANCE TELECOM EUR4	144,486 shares		3,055,803		3,991,536
	FROSTA AG	1,000 shares		16,586		20,835
	FTI CONSULTING INC	57,800 shares		1,337,286		1,612,042
	FUBON BANK (HONG KONG) LIMITED HKD1	32,000 shares		11,875		14,648
	FUGRO NV EUR0.05	35,100 shares		1,541,453		1,675,506
	FUJI FIRE & MARINE INSURANCE CO	73,000 shares		298,426		272,015
	FUJI HEAVY INDUSTRIES	67,000 shares		344,427		343,561
	FUJI MACHINE MANUFACTURING CO	18,900 shares		409,259		364,026

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK — (continued):
	FUJI SOFT INC	3,700 shares		88,409		87,567
	FUJICCO CO	16,000 shares		193,775		171,608
	FUJIKURA	41,000 shares		476,983		360,262
	FUJITEC CO	46,000 shares		301,899		352,079
	FUJITSU DEVICES INC	2,000 shares		28,580		28,031
	FUJITSU	347,000 shares		2,575,249		2,719,970
	FUNKWERK AG	5,408 shares		97,508		109,465
	FUTABA CORP	16,300 shares		402,809		380,979
	FUTABA INDUSTRIAL CO	17,300 shares		390,436		421,774
	FUTURIS CORP ORD	138,000 shares		208,450		214,281
	G.K.GOH HLDGS SGD0.20	63,000 shares		34,093		36,339
	GALIFORM PLC ORD GBP0.10	450,000 shares		903,583		1,204,374
	GATEHOUSE MEDIA INC	53,400 shares		961,200		991,104
	GATX CORP	131,200 shares		5,543,011		5,684,896
	GEA GROUP AG	63,900 shares		1,125,898		1,438,350
	GEN ELEC CO	118,600 shares		4,120,246		4,413,106
	GENENTECH INC	23,161 shares		1,229,176		1,879,052
	GENERAL DYNAMICS CORP	82,500 shares		4,749,876		6,133,875
	GENERAL ELECTRIC CO	105,758 shares		3,423,183		3,935,255
	GENERAL MILLS INC	19,200 shares		967,848		1,105,920
	GENERAL MOTORS CORP	30,100 shares		635,473		924,672
	GENWORTH FINANCIAL INC	24,900 shares		854,512		851,829
	GEODIS(EX-CALBERSON) EUR20	5,000 shares		831,875		1,025,252
	GERDAU AMERISTEEL CORPORATION	46,500 shares		466,074		415,971
	GESCO AG	3,600 shares		184,075		192,260
	GETRONICS NV EUR0.28	82,000 shares		893,111		663,915
	GEVEKO AB	471 shares		13,247		15,005
	GILEAD SCIENCES	36,875 shares		2,170,832		2,394,294
	GINGER EUR1	2,846 shares		52,613		64,662
	GKN ORD GBP0.50	238,000 shares		1,231,916		1,294,921
	GLADSTONE CAP CORP	57,921 shares		1,314,337		1,381,995
	GLADSTONE COMMERICAL CORP	53,900 shares		939,205		1,085,546
	GLAXOSMITHKLINE ORD GBP0.25	363,302 shares		10,098,744		9,556,275
	GLOBAL PAYMENTS INC	68,900 shares		3,246,339		3,190,070
	GOLDEN AGRI RESOURCES	305,000 shares		214,956		240,533
	GOLDEN MEDITECH HKD0.10	573,000 shares		165,402		243,869
	GOLDLION HLDGS HKD0.10	100,000 shares		13,175		17,615
	GOLDMAN SACHS GROUP	16,970 shares		3,464,715		3,382,970
	GOODMAN GLOBAL INC	37,900 shares		808,900		651,880
	GOOGLE INC	2,990 shares		1,219,670		1,376,835

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK — (continued):
	GRACO INC	46,600 shares		1,686,228		1,846,292
	GRAMMER AG	12,500 shares		373,157		425,101
	GREAT SOUTHERN PLANTATIONS	72,400 shares		159,782		160,926
	GREENE KING ORD GBP0.125	159,381 shares		2,467,866		3,546,653
	GSI COMMERCE	111,400 shares		1,701,770		2,088,750
	GUITAR CENTERS INC	82,100 shares		4,065,164		3,732,266
	GUOCO GROUP USD0.50	25,000 shares		299,555		308,592
	GYLDENDAL	535 shares		90,809		88,960
	H.I.S.CO	14,400 shares		365,034		351,676
	HALLIBURTON CO	22,805 shares		366,090		708,095
	HAKUTO CO	8,800 shares		120,065		120,603
	HAMMERSON ORD GBP0.25	66,000 shares		1,469,840		2,037,029
	HARBIN POWER EQUIPMENT CO `H`CNY1	172,000 shares		168,092		197,273
	HARMAN INTERNATIONAL INDUSTRIES INC	61,200 shares		5,957,398		6,114,492
	HARRIS CORP	129,100 shares		5,735,520		5,920,526
	HARSCO CORP	68,200 shares		4,798,310		5,190,020
	HARTFORD FINANCIAL SERVICES GRP INC	16,600 shares		1,432,459		1,548,946
	HARTMANN BRODRENE DKK20	1,100 shares		31,897		44,170
	HARVEY NASH GROUP ORD GBP0.05	17,438 shares		22,238		24,402
	HARWANNE CIE PTN CHF100(BR)	155 shares		33,844		39,363
	HASTINGS DIVERSIFIED UTILITIES FUND	29,605 shares		62,924		71,171
	HAVAS EUR0.40	177,000 shares		881,318		980,286
	HAW PAR CORP SGD1	30,000 shares		109,001		138,826
	HBOS ORD GBP0.25	541,488 shares		9,874,623		11,996,564
	HEALTHSPRING USD0.01	82,400 shares		1,498,576		1,676,840
	HEARTLAND EXPRESS INC	261,533 shares		4,132,482		3,928,226
	HEDEGAARD DKK100	1,200 shares		149,446		121,632
	HEIDELBERGER DRUCKMASCHINEN AG	61,000 shares		2,830,173		2,886,108
	HEIWA CORP	24,600 shares		343,203		310,919
	HEIWADO	9,100 shares		169,988		150,986
	HELLENIC PETROLEUM SA EUR2.18	60,000 shares		830,653		826,004
	HELVETIA HLDG AG CHF10	2,940 shares		790,143		966,994
	HENDERSON GROUP ORD GBP0.10	382,290 shares		823,929		1,030,638
	HENDERSON LAND DEVELOPMENT CO HKD2	448,463 shares		2,476,107		2,508,360
	HEWLETT PACKARD CO	35,725 shares		1,301,952		1,471,513
	HIGO BANK	32,000 shares		236,230		214,578
	HILL & SMITH HLDGS ORD GBP0.25	28,000 shares		128,509		148,508
	HITACHI CAPITAL CORP	14,200 shares		249,856		270,522
	HITACHI CAPITAL(UK) ORD GBP0.25	14,095 shares		60,347		70,758
	HITACHI INFORMATION SYSTEMS	2,000 shares		38,141		42,801

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK — (continued):
	HITACHI KOKUSAI ELECTRIC	15,000 shares		179,910		187,319
	HO BEE INVESTMENT SGD0.05	229,000 shares		191,669		216,418
	HODOGAYA CHEMICAL CO	20,000 shares		66,781		63,279
	HOKKAIDO COCA-COLA BOTTLING CO	8,000 shares		52,243		48,206
	HOKKOKU BANK	33,000 shares		147,809		130,997
	HOLLY CORP	20,800 shares		726,552		1,069,120
	HOME DEPOT INC	46,700 shares		1,798,321		1,875,472
	HOME DIAGNOSTICS INC	35,100 shares		438,544		372,060
	HONDA MOTOR CO	327,229 shares		10,573,274		12,907,358
	HONEYWELL INTERNATIONAL INC	47,200 shares		1,780,055		2,135,328
	HONG KONG & SHANGHAI HOTELS ORD HKD0.50	210,000 shares		236,597		354,804
	HOPEWELL HLDGS HKD2.50	141,000 shares		401,213		494,944
	HOPSON DEVELOPMENT HLDGS HKD0.10	130,000 shares		266,116		367,739
	HORIZON LINES INC	32,700 shares		515,124		881,592
	HORNBECK OFFSHORE SERVICES INC	25,400 shares		982,508		906,780
	HOUSEWARE INTNL	6,200 shares		8,925		9,236
	HOUSTON EXPLORATION CO	104,300 shares		5,576,081		5,400,654
	HOVNANIAN ENTERPRISES INC	113,400 shares		5,783,188		3,844,260
	HPAL LTD	44,014 shares		55,975		65,047
	HSBC HLDGS	330,955 shares		5,991,038		6,046,811
	HTL INTERNATIONAL HOLDINGS SGD0.25	1,000 shares		745		603
	HUB INTERNATIONAL	2,600 shares		76,005		82,176
	HUBER & SUHNER AG CHF4(REGD)	4,746 shares		499,545		774,865
	HUHTAMAKI OYJ	40,000 shares		714,242		784,862
	HUNTER DOUGLAS NV EUR0.24	12,351 shares		842,056		991,859
	HYAKUGO BANK	27,000 shares		180,790		169,720
	HYPERION SOLUTIONS CORP	22,200 shares		656,037		797,868
	HYSAN DEVELOPMENT HKD5	11,000 shares		28,841		28,783
	I GRANDI VIAGGI EUR0.52	16,259 shares		44,114		57,352
	IAWS GROUP ORD EUR0.30	72,100 shares		1,741,032		1,844,452
	IAC/INTERACTIVE CORP	20,534 shares		520,918		763,043
	IBERIA LINEAS AEREAS DE ESPANA SA EUR0.78	324,000 shares		850,174		1,179,192
	IBS AB	87,000 shares		308,085		333,100
	ICADE FONCIERE DES PIMONTS EUR76.22	25 shares		3,314		4,065
	IDEARC INC	2,050 shares		46,453		58,733
	IDEX CORP	52,600 shares		2,299,235		2,493,766
	IFIL SPA EUR1	173,860 shares		1,336,267		1,421,418
	I-FLOW CORP	77,100 shares		1,070,652		1,152,645
	ILLINOIS TOOL WORKS INC	23,600 shares		1,103,098		1,090,084
	ILUKA RESOURCES	42,300 shares		229,333		221,717

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK — (continued):
	IMMOFINANZ IMMOBILIEN ANLAGEN AG	79,200 shares		990,463		1,127,922
	INAGEYA CO	1,000 shares		7,166		7,570
	INBEV	112,200 shares		5,541,017		7,388,762
	INDEPENDENCE GROUP NL	53,400 shares		185,739		169,202
	INDEPENDENT NEWS & MEDIA ORD EUR0.30	252,000 shares		830,302		1,000,224
	INDEX MULTIMEDIA EUR0.10	1,872 shares		20,763		20,390
	INDO INTERNACIONAL SA EUR1	3,714 shares		39,815		40,649
	INDUSTRIAL ALLIANCE INS & FINL	12,400 shares		366,877		385,096
	INFICON HLDG AG CHF5(REGD)	1,449 shares		165,941		227,909
	INFINEON TECHNOLOGIES AG	163,000 shares		1,835,826		2,295,563
	ING GROEP N.V. CVA EUR0.24	312,718 shares		12,580,454		13,851,385
	INMET MINING CORP	16,600 shares		614,670		890,269
	INSIGHT ENTERPRISE INC	154,000 shares		3,093,752		2,905,980
	INTEGRA LIFESCIENCES HLDGS CORP	37,100 shares		1,345,159		1,580,089
	INTEGRATED DEVICE TECHNOLOGY	89,700 shares		1,058,993		1,388,556
	INTEGRATED GROUP	21,853 shares		33,559		33,932
	INTEL CORP	86,500 shares		1,770,582		1,751,625
	INTER LINK FOODS GBP0.02	14,000 shares		105,492		102,750
	INTERIOR SERVICES GROUP ORD GBP0.01	32,000 shares		153,731		177,865
	INTERLINE BRANDS INC	68,300 shares		1,255,572		1,534,701
	INTERMEDIATE CAPITAL GROUP ORD GBP0.20	28,709 shares		787,645		952,378
	INTERNATIONAL BUS MACH CORP	24,200 shares		1,992,409		2,351,030
	INTERNATIONAL GAME TECHNOLOGY	176,000 shares		5,467,294		8,131,200
	INTERNATIONAL PAPER CO	58,300 shares		1,937,571		1,988,030
	INTERNATIONAL POWER ORD GBP0.50	1,041,800 shares		5,632,620		7,783,680
	INTERNATIONAL RECTIFIER CORP	140,000 shares		5,111,686		5,394,200
	INTERROLL HLDG AG CHF37.5	1,120 shares		279,141		398,198
	INTERSEROH AG NPV	12,400 shares		476,442		498,551
	INTERSIL CORP	36,400 shares		738,896		870,688
	INVESTEC PLC	126,000 shares		1,283,444		1,626,324
	IOOF HLDGS	2,100 shares		16,450		18,290
	IOWA TELECOMMUNICATIONS SVCS INC	73,500 shares		1,424,085		1,448,685
	IPSCO INC	500 shares		46,986		47,083
	IRIDE SPA EUR1	149,867 shares		389,723		488,128
	IRISH CONTINENTAL GROUP UNITS	16,000 shares		220,258		294,534
	ISHIKAWAJIMA-HARIMA HEAVY INDUSTR	26,000 shares		72,157		87,936
	ITALCEMENTI(FABBR RIUN CEM)SPA EUR1	35,000 shares		907,911		986,286
	ITH INDUSTRI INVEST DKK20	2,000 shares		76,557		80,664
	IWATE(BANK OF)	1,000 shares		62,798		55,810
	IXIA	97,300 shares		971,997		934,080

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK — (continued):
	IZUMIYA CO	11,000 shares		75,392		78,562
	JAPAN AIRLINES CORP	3,000 shares		7,140		5,338
	JAPAN AIRPORT TERMINAL CO	39,400 shares		389,010		462,596
	JAPAN DIGITAL LABORATORY CO	7,700 shares		118,699		119,550
	JAPAN PULP & PAPER CO	73,000 shares		289,186		276,917
	JAPAN TOBACCO INC	617 shares		2,414,400		2,977,424
	JAPAN WOOL TEXTILE CO	41,000 shares		346,071		320,003
	JEFFERIES GROUP INC	192,200 shares		4,568,526		5,154,804
	JER INVESTMENT TRU	78,800 shares		1,317,719		1,628,796
	JESSOPS ORD GBP0.025	24,012 shares		65,640		70,727
	JIANGXI COPPER CO `H` CNY1	83,000 shares		82,320		84,417
	JOHNSON & JOHNSON	60,780 shares		3,659,476		4,012,696
	JONES LANG LASALLE INC	7,600 shares		547,999		700,492
*	JPMORGAN CHASE & CO	78,060,323 shares		2,969,966,721		3,770,313,601
	JSAT CORP	50 shares		131,940		119,592
	JUNGFRAUBAHN-GES CHF2(REGD)	300 shares		10,545		11,182
	JUPITER EUROPEAN OPPORTUNITIES TST ORD GBP0.01	2,632 shares		9,395		9,710
	K&F INDUSTRIES HOLDINGS INC	78,700 shares		1,302,881		1,787,277
	KAGAWA BANK	12,000 shares		78,113		75,028
	KAGOSHIMA BANK	42,000 shares		310,919		303,487
	KANEKA CORP	41,000 shares		376,532		372,993
	KANTO AUTO WORKS	29,000 shares		362,507		375,049
	KARSTADTQUELLE AG	647 shares		15,665		18,736
	KAYDON CORP	46,600 shares		1,443,378		1,851,884
	KAZAKHMYS ORD GBP0.20	67,500 shares		1,522,173		1,466,386
	KBC GROUPE SA	48,400 shares		5,130,177		5,929,136
	KEIHANSHIN REAL ESTATE CO	18,000 shares		131,154		114,808
	KELLER GROUP ORD GBP0.10	14,682 shares		189,514		258,469
	KEMIRA OYJ	33,450 shares		557,112		751,175
	KENSINGTON GROUP ORD GBP0.10	18,784 shares		312,756		290,427
	KERRY GROUP `A`ORD EUR0.125	46,000 shares		1,023,681		1,140,371
	KESKO OYJ	68,000 shares		2,814,884		3,588,528
	KEWILL SYSTEMS GBP0.01	100,000 shares		138,063		152,657
	KEYSPAN CORP	84,902 shares		3,085,845		3,496,264
	KIM ENG HLDGS SGD0.25	216,000 shares		198,033		194,278
	KINGBOARD CHEMICAL HLDG HKD0.10	1,000 shares		4,203		3,928
	KINGFISHER ORD GBP	546,384 shares		2,455,841		2,550,398
	KNOLL INC	65,200 shares		1,135,967		1,434,400
	KOHNAN SHOJI	1,800 shares		16,936		16,949
	KOKUYO CO	3,200 shares		52,542		50,516

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK — (continued):
	KOMATSU	315,600 shares		6,122,632		6,396,492
	KOMORI CORP	12,000 shares		222,591		224,078
	KONECRANES INTERNATIONAL CORP(KCI)	80,100 shares		1,608,437		2,355,416
	KONINKLIJKE PHILIPS ELECTRONICS NV EUR0.20	109,832 shares		3,710,943		4,137,799
	KOSE	3,100 shares		96,479		93,660
	KUBOTA CORP	250,000 shares		2,341,451		2,312,114
	KUONI REISEN HLDG SER B CHF1	986 shares		553,476		526,642
	KUREHA CORP	22,000 shares		103,107		100,995
	KYOKUTO KAIHATSU KOGYO CO	10,800 shares		83,781		83,115
	KYORIN CO LTD	30,000 shares		326,812		350,720
	KYOWA HAKKO KOGYO CO	50,000 shares		324,906		427,594
	LADBROKES ORD GBP	191,000 shares		1,403,632		1,563,475
	LAIRD GROUP GBP	75,212 shares		545,897		607,937
	LAM SOON(HONG KONG) HKD1	14,000 shares		8,041		8,281
	LANXESS AG	29,600 shares		1,183,410		1,658,084
	LEBON(CIE)	102 shares		14,155		15,266
	LEGAL & GENERAL GROUP ORD GBP0.025	92,419 shares		223,939		284,881
	LEGG CORP	65,000 shares		1,113,816		1,201,200
	LEND LEASE CORP	1,900 shares		22,480		27,615
	LEON`S FURNITURE	3,600 shares		142,327		158,391
	LIBERTY MEDIA-INTERACTIVE	68,550 shares		1,891,192		2,401,275
	LINAMAR CORP	26,500 shares		364,108		316,533
	LINCOLN NATIONAL CORP	16,600 shares		913,035		1,102,240
	LION NATHAN	43,000 shares		249,173		276,564
	LIONBRIDGE TECHNOLOGIES INC	142,200 shares		931,521		915,768
	LIPPO HKD0.10	43,000 shares		14,569		14,375
	LJUNGBERGGRUPPEN	700 shares		19,228		34,524
	LOGICACMG ORD GBP0.10	201,000 shares		707,993		731,696
	LONDON & ASSOCIATED PROPERTIES ORD GBP0.10	4,348 shares		9,653		11,169
	M6-METROPOLE TELEVISION EUR0.40	3,027 shares		104,712		108,012
	MACFARLANE GROUP ORD GBP0.25	150,000 shares		99,508		88,071
	MACMAHON HLDGS	228,100 shares		158,900		159,113
	MACQUARIE AIRPORTS ORD	480,472 shares		1,077,170		1,363,353
	MAEDA CORP	85,000 shares		296,794		322,437
	MAEDA ROAD CONSTRUCTION CO	44,000 shares		314,931		318,677
	MAEZAWA KAISEI INDUSTRIES CO	1,700 shares		28,471		25,395
	MAEZAWA KYUSO INDUSTRIES CO	500 shares		7,998		8,183
	MAINFREIGHT ORD	6,800 shares		27,144		38,357
	MAKITA CORP	61,700 shares		1,926,788		1,890,017
	MAN AG ORD	34,400 shares		2,500,153		3,105,458

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK — (continued):
	MANULIFE FINANCIAL CORP	87,825 shares		2,832,386		2,969,763
	MARKS & SPENCER GROUP ORD GBP0.25	333,800 shares		3,668,634		4,684,110
	MARSH & MCLENNAN COS INC	93,500 shares		2,857,191		2,866,710
	MARSTON’S	1,004 shares		26,692		35,566
	MATSUSHITA ELECTRIC INDUSTRIAL CO	131,000 shares		2,756,423		2,611,095
	MATSUYA FOODS CO	4,000 shares		70,712		53,544
	MAXVALU NISHINIHON	1,700 shares		23,048		22,114
	MAYR-MELNHOF KARTON AG	3,098 shares		512,003		580,096
	MDS INC COM	400 shares		7,214		7,311
	MEDIA SQUARE ORD GBP0.05	126,160 shares		55,457		41,358
	MEDIASET SPA EUR0.52	178,479 shares		2,040,627		2,115,812
	MEDICIS PHARMACEUTICAL CORP	44,300 shares		1,380,628		1,556,259
	MEDION AG	1,503 shares		19,812		15,994
	MEIWA ESTATE CO	13,100 shares		207,345		201,192
	MELIORBANCA EUR1	15,987 shares		74,812		79,476
	MELLON FINANCIAL CO	44,300 shares		1,557,588		1,867,245
	MENTOR GRAPHICS CORP	32,500 shares		377,904		585,975
	MENZIES COURT HLDG DEF TRADING LINE	10,584 shares		34,222		41,128
	MERCK & CO INC	60,700 shares		2,068,612		2,646,520
	MERCK KGAA	22,591 shares		2,033,007		2,339,681
	MERIDIAN GOLD INC	61,800 shares		1,282,844		1,717,422
	MERRILL LYNCH & CO INC	56,785 shares		4,280,218		5,286,684
	METHANEX CORP	29,990 shares		633,823		822,103
	METSO OYJ EUR1.70	60,900 shares		2,253,025		3,070,899
	MGM MIRAGE INC	58,975 shares		2,283,996		3,382,216
	MI DEVELOPMENTS INC	16,600 shares		569,278		594,844
	MICE GROUP ORD GBP0.04	198,182 shares		134,395		128,967
	MICHELIN(CIE GLE DES ETABL.) EUR2(REGD)	31,200 shares		1,865,144		2,982,792
	MICREL INC	82,100 shares		974,672		885,038
	MICROGEN GBP0.05	130,000 shares		141,390		135,229
	MICROSOFT CORP	98,700 shares		2,512,033		2,947,182
	MIKUNI COCA-COLA BOTTLING CO	26,200 shares		285,334		253,084
	MILLENNIUM & COPTHORNE HOTELS GBP0.30	95,000 shares		770,109		1,135,092
	MIRAI INDUSTRY CO LTD	9,400 shares		103,207		108,472
	MITSUBA CORP	19,000 shares		201,128		149,570
	MITSUBISHI CORP	116,000 shares		2,318,681		2,180,689
	MITSUBISHI ELEC CP	383,000 shares		2,942,156		3,490,731
	MITSUBISHI GAS CHEMICAL CO INC	283,000 shares		3,073,034		2,956,947
	MITSUBISHI SECURITIES CO	47,000 shares		609,885		521,455
	MITSUI & CO	248,000 shares		3,493,142		3,704,754

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK — (continued):
	MITSUI CHEMICALS INC	84,000 shares		542,083		645,747
	MITSUI ENGINEERING & SHIPBUILDING	156,000 shares		443,159		506,668
	MITSUI MINING & SMELTING CO	67,000 shares		405,015		335,127
	MITSUI O.S.K.LINES	240,000 shares		2,184,234		2,364,651
	MIYAZAKI BANK	57,000 shares		300,445		280,324
	MIZUHO FINANCIAL GROUP	491 shares		4,162,000		3,502,581
	MOBILE MINI	37,400 shares		1,043,171		1,007,556
	MOCHIDA PHARMACEUTICAL CO	13,000 shares		110,459		110,956
	MONTPELIER RE HOLDINGS	50,600 shares		1,006,414		941,666
	MOOG INC	27,400 shares		916,747		1,046,406
	MORGAN STANLEY	33,100 shares		1,975,603		2,695,333
	MORINAGA & CO	129,000 shares		333,063		309,630
	MOTOROLA INC	23,438 shares		370,322		481,885
	MTU AERO ENGINES INVEST	41,900 shares		1,478,448		1,959,219
	MURPHY OIL CORP	31,300 shares		1,488,421		1,591,605
	MYOB	84,090 shares		71,110		76,885
	NAGASE & CO	34,000 shares		402,571		404,616
	NANTO BANK	1,000 shares		5,679		5,094
	NATEXIS BANQUE POPULAIRES EUR16	23,031 shares		634,624		646,271
	NATIONAL BANK OF CANADA	12,700 shares		644,321		718,543
	NATIONAL GRID ORD GBP	381,100 shares		4,274,342		5,497,029
	NAVIGAZIONE MONTANARI EUR0.52	4,315 shares		18,714		21,622
	NEC CORP	68,000 shares		380,147		324,720
	NEC FIELDING ORD	1,500 shares		17,993		20,633
	NEC NETWORKS & SYSTEM INTE CO	24,900 shares		274,408		296,113
	NEDSCHROEF HLDGS EUR0.02	326 shares		17,994		19,009
	NETELLER ORD GBP	61,421 shares		168,389		182,117
	NEW YORK TIMES CO	41,200 shares		1,087,557		1,003,632
	NEWALTA INCOME FD TRUST UNITS	12,500 shares		356,088		302,376
	NEWAYS ELECTRONICS INTERNATIONAL EUR0.50	3,377 shares		34,435		43,418
	NEWELL RUBBERMAID INC	52,600 shares		1,282,553		1,522,770
	NEWFIELD EXPLORATION CO	132,300 shares		6,820,173		6,079,185
	NEWMEDIA SPARK GBP0.025	571,114 shares		154,866		170,434
	NEXITY EUR5	12,415 shares		833,613		898,772
	NEXT MEDIA HKD1	66,000 shares		35,968		24,610
	NEXT ORD GBP0.10	64,500 shares		2,335,356		2,272,238
	NH HOTELES S.A. EUR2	46,188 shares		971,698		914,198
	NICHIREI CORP	289,000 shares		1,635,714		1,617,750
	NIFCO INC	1,400 shares		27,954		32,076
	NIKON CORP	150,000 shares		2,710,441		3,285,636

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK — (continued):
	NIPPO CORP	48,000 shares		401,817		354,496
	NIPPON KOEI CO	47,000 shares		133,900		126,617
	NIPPON KONPO UNYU SOKO CO	29,000 shares		372,688		352,172
	NIPPON LIGHT METAL CO	162,000 shares		422,366		414,670
	NIPPON MEAT PACKERS INC	26,000 shares		302,296		283,664
	NIPPON SHINYAKU CO	28,000 shares		240,027		236,633
	NIPPON SUISAN KAISHA	293,000 shares		1,766,364		1,718,828
	NIPPON TEL & TEL CORP	851 shares		4,033,163		4,185,187
	NIPPON THOMPSON CO	36,000 shares		403,347		330,527
	NISOURCE INC	71,300 shares		1,514,851		1,718,330
	NISSAN DIESEL MOTOR CO	17,000 shares		54,586		56,783
	NISSAN SHATAI CO	55,000 shares		301,156		280,181
	NISSAY DOWA GENERAL INSURANCE	64,000 shares		407,796		384,038
	NISSEI CORP	17,400 shares		215,429		202,979
	NISSHIN STEEL CO	174,000 shares		565,265		645,445
	NITTO KOHKI CO	3,100 shares		67,833		67,383
	NOHMI BOSAI	10,000 shares		68,258		64,034
	NONI B LTD	1,800 shares		5,975		6,101
	NORD ANGLIA EDUCATION ORD GBP0.05	5,958 shares		16,494		30,842
	NORDDEUTSCHE AFFINERIE AG ORD	4,036 shares		107,924		113,094
	NORDEA BANK AB	240,800 shares		2,922,794		3,712,465
	NORDICOM AS DKK100	196 shares		29,256		29,228
	NORDSTROM INC	39,080 shares		1,385,874		1,928,207
	NORITAKE CO	3,000 shares		16,942		15,081
	NORITSU KOKI CO	12,700 shares		235,888		235,017
	NORTHGATE INFORMATION SOLUTIONS GBP0.10	50,614 shares		77,394		85,190
	NORTHSTAR REALTY FINANCE CORP	47,100 shares		704,914		780,447
	NORTHUMBRIAN WATER GROUP PLC ORD GBP0.10	160,000 shares		919,823		958,215
	NORVESTIA OY `B`ORD EUR3.50	1,916 shares		20,014		23,472
	NOVARTIS AG CHF0.50(REGD)	40,082 shares		2,258,846		2,306,677
	NOVEN PHARMACEUTICALS INC	40,300 shares		621,610		1,025,635
	NUCOR CORP	12,400 shares		458,710		677,784
	NUVASIVE INC	58,900 shares		1,107,487		1,360,590
	OCCAM NETWORKS	55,000 shares		790,732		907,500
	OCCIDENTAL PETROLEUM CORP	16,962 shares		674,718		828,254
	OENON HLDGS INC	36,000 shares		130,729		118,736
	OHSHO FOOD SERVICE CORP	1,900 shares		31,173		25,672
	OKO BANK	10,000 shares		165,695		167,469
	OKUWA CO	21,000 shares		280,585		277,051
	OLD MUTUAL ORD GBP0.10	532,308 shares		1,672,827		1,815,337

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK — (continued):
	OMV AG	8,079 shares		436,866		457,989
	OPEN TEXT CORP	19,433 shares		326,487		399,448
	OPTIONSXPRESS HLDGS INC	45,140 shares		1,397,996		1,024,227
	ORBCOMM INC	64,100 shares		670,550		565,362
	ORICA	85,100 shares		1,644,920		1,629,947
	ORIENT CORP	93,000 shares		303,866		174,051
	ORIENT OVERSEAS INT	12,000 shares		42,959		76,377
	ORION CORPORATION	4,900 shares		104,969		106,290
	ORIX CORP	22,030 shares		5,627,527		6,369,296
	ORKLA ASA ORD NOK6.25	61,600 shares		2,914,630		3,492,383
	OSAKA GAS CO	193,000 shares		621,785		717,544
	OSAKA STEEL CO	10,300 shares		193,750		198,817
	OSTJYDSK BANK DKK100	310 shares		54,643		63,063
	OYO CORP	2,100 shares		23,461		22,030
	PACIFIC BRANDS	818,600 shares		1,420,279		1,684,030
	PACIFIC MANAGEMENT CORP	867 shares		2,231,962		1,899,098
	PAPERLINX	118,600 shares		283,403		367,379
	PARALLEL PETROLEUM CORP	70,900 shares		1,373,275		1,245,713
	PARAMOUNT BED CO	7,600 shares		125,006		128,203
	PARTNERTECH AB ORD	1,186 shares		21,370		22,098
	PATHEON INC	36,400 shares		260,521		157,962
	PC-TEL INC	72,200 shares		588,679		675,070
	PEPSICO INC	14,642 shares		815,412		915,857
	PERFORMANCE FOODS GROUP INC	93,300 shares		2,628,887		2,578,812
	PERILYA	68,400 shares		179,737		295,443
	PETROCHINA CO CNY1`H`	1,826,991 shares		1,980,293		2,588,761
	PEUGEOT SA EUR1	21,600 shares		1,359,568		1,429,841
	PFIZER INC	167,430 shares		4,195,015		4,336,437
	PHARMANET DEVELOPMENT GROUP INC	68,900 shares		1,597,515		1,520,623
	PHOENIX MECANO CHF1	768 shares		274,763		335,965
	PIERRE & VACANCES EUR10	4,619 shares		508,598		566,450
	PIOLAX CO	4,500 shares		99,514		90,827
	PIONEER NATURAL RESOURCES CO	116,300 shares		6,147,510		4,615,947
	PIRELLI & CO SPA EUR0.52	1,092,130 shares		964,754		1,086,585
	PLASTIC OMNIUM(CIE) EUR0.5 (POST SUBDIVISION)	5,282 shares		236,690		237,162
	PMP	23,314 shares		26,617		32,893
	POLYCOM INC	11,400 shares		197,987		352,374
	POOL CORP	67,300 shares		2,610,977		2,636,141
	PREMUDA SPA EUR0.5	116,231 shares		216,727		242,011
	PRIDE INTERNATIONAL INC	54,800 shares		1,290,101		1,644,000

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK — (continued):
	PRIME SUCCESS INTERNATIONAL GROUP HKD0.10	70,000 shares		56,022		65,074
	PROCTER & GAMBLE CO	29,788 shares		1,634,512		1,914,475
	PROGRAMMED MAINTENANCE SERVICES	35,500 shares		126,188		139,066
	PROMINA GROUP	50,400 shares		217,858		274,900
	PROSODIE EUR4	1,638 shares		42,755		50,197
	PROTECTIVE LIFE CORP	110,900 shares		4,983,797		5,267,750
	PROVIDENCE SERVICE CORP	57,200 shares		1,664,699		1,437,436
	PROVIDENT FINANCIAL ORD 10 4/11P	68,000 shares		834,132		933,594
	PSION ORD GBP0.15	168,000 shares		399,115		371,543
	PSP SWISS PROPERTY CHF12.7(REGD)	18,000 shares		932,889		1,032,195
	PSS WORLD MEDICAL INC	82,600 shares		1,271,304		1,613,178
	PUBLICIS GROUPE SA EUR0.40	60,299 shares		2,341,182		2,540,454
	PULTE HOMES INC	184,100 shares		7,533,544		6,097,392
	QANTAS AIRWAYS	51,200 shares		142,420		210,658
	QBE INSURANCE GROUP	234,000 shares		3,653,939		5,321,074
	QLT INC COM	33,560 shares		273,085		283,776
	QUALCOM INC	112,305 shares		4,571,500		4,244,006
	QUEST SOFWARE INC	105,600 shares		1,530,519		1,547,040
	QUIKSILVER INC	91,300 shares		1,218,760		1,437,975
	QWEST COMMUNICATIONS INTL INC	104,700 shares		623,027		876,339
	RADIO ONE INC	81,000 shares		1,203,431		545,940
	RADIOSHACK CORP	40,500 shares		785,164		679,590
	RAMSAY HEALTH CARE	12,106 shares		92,658		108,301
	RARE HOSPITALITY INC COM STK	42,700 shares		1,253,306		1,406,111
	RAUTARUUKKI OYJ	100,900 shares		3,001,617		4,011,519
	RAYMOND JAMES FINANCIAL INC	180,400 shares		4,736,836		5,467,924
	RAYTHEON CO	29,800 shares		1,225,640		1,573,440
	RBC BEARINGS INC	44,200 shares		957,128		1,266,772
	REAL RESOURCES	13,380 shares		258,830		192,013
	REBEL SPORT	2,500 shares		7,532		8,848
	REGAL ENTERTAINMENT GROUP	93,800 shares		1,832,510		1,999,816
	REGENT INNS PLC ORD GBP0.05	10,846 shares		17,055		18,945
	REPSOL YPF SA EUR1	79,000 shares		2,292,588		2,729,347
	REPUBLIC SERVICES INC	131,300 shares		5,048,717		5,339,971
	RESOLUTE MINING	30,156 shares		40,343		40,170
	RESOURCES CONNECTION INC	50,400 shares		1,324,713		1,604,736
	REUTERS GROUP ORD GBP0.25	195,161 shares		1,456,765		1,700,664
	RHEINMETALL AG	14,000 shares		988,335		1,061,146
	RIDLEY CORPORATION	81,729 shares		71,378		75,048
	RIETER HLDGS AG CHF5	1,588 shares		675,672		829,319

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK — (continued):
	RIKEN TECHNOS CORP	1,000 shares		4,028		3,474
	RIO TINTO ORD GBP0.10	53,635 shares		2,643,525		2,853,115
	RISO KAGAKU CORP	1,900 shares		34,516		37,392
	RM PLC ORD GBP0.02	17,352 shares		58,999		65,968
	ROBERT WISEMAN DAIRIES PLC ORD GBP0.10	71,000 shares		493,279		784,411
	ROCHE HLDG AG GENUSSCHEINE	39,600 shares		6,587,538		7,088,228
	ROLAND CORP	3,900 shares		90,555		87,718
	ROLLS ROYCE GROUP ORD GBP0.20	224,000 shares		1,888,928		1,962,932
	ROYAL BANK OF SCOTLAND GROUP PLC ORD GBP0.25	252,391 shares		8,591,487		9,844,706
	ROYAL DUTCH SHELL `A`ORD EUR0.07	130,070 shares		4,411,929		4,566,616
	ROYAL DUTCH SHELL `B`ORD EUR0.07	306,984 shares		10,939,416		10,754,504
	ROYAL DUTCH SHELL	19,200 shares		1,235,073		1,359,168
	ROYAL GOLD INC	12,200 shares		328,156		438,956
	ROYAL HOLDINGS CO	12,400 shares		171,006		163,072
	RURAL PRESS	1,100 shares		10,185		11,445
	RYODEN TRADING CO	23,000 shares		181,593		172,951
	RYOSAN CO	15,100 shares		392,730		377,009
	SAAB AB	30,100 shares		768,328		923,718
	SAINSBURY(J) ORD GBP0.28 4/7	387,200 shares		2,893,743		3,101,313
	SAKAI CHEMICAL INDUSTRY CO	46,000 shares		221,204		243,213
	SALLY MALAY MINING	91,201 shares		85,482		166,773
	SALZGITTER AG ORD	11,900 shares		1,068,385		1,554,289
	SAMSUNG ELECTRONICS CO	7,300 shares		2,520,221		2,401,700
	SANDEN CORP	40,000 shares		174,750		179,262
	SANDISK CORP	27,770 shares		1,579,037		1,194,943
	SANGETSU CO	15,800 shares		395,428		383,878
	SAN-IN GODO BANK	27,000 shares		256,029		250,615
	SANKYO CO	75,279 shares		4,386,901		4,163,389
	SANOFI-AVENTIS	124,022 shares		9,774,963		9,813,034
	SANSHIN ELECTRONICS CO	3,600 shares		39,651		45,712
	SANTOS	31,500 shares		287,726		245,056
	SANYO ELECTRIC CO	198,000 shares		430,777		250,917
	SANYO ELECTRIC CREDIT CO	4,600 shares		75,238		68,563
	SANYO SPECIAL STEEL CO	26,000 shares		176,606		176,526
	SAP AG	16,750 shares		873,541		889,425
	SAPUTO INC	6,100 shares		194,789		193,741
	SAUER-DANFOSS INC	27,700 shares		645,917		893,325
	SAVVIS INC	40,000 shares		1,077,817		1,428,400
	SBA COMMUNICATIONS	106,400 shares		1,965,048		2,926,000
	SCANFIL OYJ	12,000 shares		43,802		37,502

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK — (continued):
	SCHERING-PLOUGH CORP	59,000 shares		1,212,654		1,394,760
	SCHOOL SPECIALITY INC	22,700 shares		814,715		851,023
	SCHWEIZ NATIONAL-VERSICHERUNGS-G CHF20(REGD)	1,110 shares		621,846		721,086
	SCHWEIZERHALL HLDGS AG CHF0.4	3,902 shares		368,396		460,300
	SCIENTIFIC GAMES	150,500 shares		5,064,066		4,549,615
	SCOTTISH POWER ORD GBP0.42	242,600 shares		3,073,897		3,551,518
	SCOTTS MIRACLE-GRO CO	103,600 shares		4,800,263		5,350,940
	SEIKAGAKU CORP	16,900 shares		181,362		170,482
	SEKISUI JUSHI CORP	18,000 shares		134,929		129,915
	SEKTKELLEREI SCHLOSS WACHENHEIM AG	4,302 shares		52,417		64,954
	SENIOR GBP0.10	362,096 shares		435,976		453,550
	SENSHU ELECTRIC CO	1,300 shares		29,727		28,585
	SENSHUKAI CO	3,000 shares		32,693		30,515
	SEVEN NETWORK	27,000 shares		196,298		241,119
	SEVERN TRENT ORD GBP0.9789	12,301 shares		358,530		353,899
	SHANGHAI INDUSTRIAL HLDGS HKD0.10	51,000 shares		98,141		108,594
	SHIDAX CORP	175 shares		188,096		170,366
	SHIGA BANK	26,000 shares		168,184		161,252
	SHINHAN FINANCIAL GROUP	17,400 shares		1,708,804		1,798,116
	SHINKAWA	10,700 shares		252,495		227,640
	SHINKO SECURITIES CO	94,000 shares		406,837		364,466
	SHINKO SHOJI CO	1,300 shares		16,775		17,445
	SHINSEI BANK	103,000 shares		667,399		605,094
	SHIRE ORD GBP0.05	40,500 shares		812,320		839,407
	SIEMENS AG	30,090 shares		2,533,794		2,981,424
	SIERRA HEALTH SERVICES INC	50,000 shares		1,903,661		1,802,000
	SIMS GROUP LTD ORD	31,400 shares		449,041		500,436
	SINGAPORE AIRPORT TERMINAL SERVICES SGD0.10	135,000 shares		185,890		219,970
	SINGAPORE PETROLEUM CO SGD0.50	86,000 shares		274,420		244,385
	SINO-FOREST CORP	6,600 shares		34,633		44,408
	SINOTRANS `H`CNY1	42,000 shares		12,713		15,175
	SKANDINAVISKA ENSKILDA BANKEN	194,600 shares		4,674,389		6,185,226
	SKILLED GROUP LTD	6,600 shares		29,553		27,311
	SMITH(DS) ORD GBP0.10	328,000 shares		889,801		1,258,205
	SMITHS NEWS PLC ORD GBP0.05	3,914 shares		9,656		10,399
	SNAP-ON INC	32,400 shares		1,255,903		1,543,536
	SOBEYS INC COM	6,300 shares		218,472		221,748
	SOCIETE GENERALE EUR1.25	63,200 shares		9,422,372		10,717,373
	SODEXHO ALLIANCE EUR4	30,300 shares		1,459,799		1,899,069
	SOITEC	45,800 shares		1,376,841		1,627,626

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK — (continued):
	SOJITZ CORP	162,400 shares		601,878		493,381
	SOL MELIA S.A. EUR0.20	54,000 shares		864,051		1,068,820
	SOLVAY S.A.	9,600 shares		1,314,418		1,470,983
	SOUL PATTINSON(WASHINGTON H.)&CO	24,023 shares		162,353		165,870
	SPECIALTY FASHION GROUP LTD	51,357 shares		63,757		62,339
	SPONDA OYJ EUR1	39,139 shares		428,608		619,329
	SPOTLESS GROUP	66,100 shares		233,129		241,745
	SPRINT NEXTEL CORP FON	87,900 shares		1,767,062		1,660,431
	SSAB(SVENSKT STAL)AB	61,475 shares		1,109,045		1,387,971
	ST PAUL TRAVELERS CO`S INC	24,200 shares		1,107,842		1,299,298
	STANCORP FINANCIAL GROUP	39,300 shares		1,730,134		1,770,465
	STAPLES INC	41,540 shares		712,550		1,109,118
	STARBUCKS CORP	52,028 shares		1,426,252		1,878,252
	STATE STREET CORP	24,700 shares		1,410,260		1,665,768
	STERICYCLE INC	21,000 shares		1,045,153		1,585,500
	STOLT-NIELSEN S.A.	82,011 shares		2,080,532		2,515,776
	STRAITS RESOURCES	69,300 shares		204,529		192,817
	SUCRIERE DE PITHIVIERS-LE-VIEIL EUR16	240 shares		227,002		234,034
	SUDZUCKER AG	37,200 shares		933,809		899,157
	SUEZ EUR2	81,190 shares		3,415,558		4,200,018
	SULZER AG CHF0.03(REGD)	3,780 shares		2,793,212		4,294,962
	SUMCO CORP	47,000 shares		2,802,266		3,968,109
	SUMITOMO BAKELITE CO	49,000 shares		434,739		338,030
	SUMITOMO METAL INDUSTRIES	935,000 shares		3,790,113		4,056,859
	SUMITOMO OSAKA CEMENT CO	2,000 shares		6,117		6,529
	SUMITOMO PRECISION PRODUCTS CO	27,000 shares		161,516		140,942
	SUMITOMO SEIKA CHEMICALS CO	37,000 shares		218,357		209,911
	SUMITOMO TRUST & BANKING CO	639,000 shares		6,797,125		6,692,728
	SUN HUNG KAI CO HKD0.20	110,000 shares		100,121		110,888
	SUNEVISION HLDGS HKD0.10	73,000 shares		13,195		10,043
	SUNLAND GROUP	90,514 shares		151,288		257,549
	SUNSTONE HOTEL INVESTORS INC	71,000 shares		1,774,576		1,897,830
	SUPERIOR WELL SERVICES INC	44,300 shares		886,250		1,132,308
	SVENSKA CELLULOSA AB-SCA	45,200 shares		1,879,386		2,361,391
	SVOLDER AB	8,990 shares		87,926		106,085
	SWATCH GROUP CHF2.25(BR)	16,450 shares		3,364,405		3,628,379
	SWISS LIFE HOLDING CHF41	7,440 shares		1,735,902		1,860,457
	SWISS REINSURANCE CHF0.10(REGD)	65,900 shares		5,502,852		5,592,889
	SYMMETRY MEDICAL INC	64,200 shares		1,176,471		887,886
	SYNGENTA AG CHF2.30	14,895 shares		2,160,564		2,766,197

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK — (continued):
	SYSCO CORP	58,235 shares		1,769,755		2,140,719
	TAI CHEUNG HLDGS HKD0.10	239,000 shares		123,412		138,595
	TAIHEIYO CEMENT CORP	3,000 shares		10,759		11,733
	TAKACHIHO ELECTRIC CO	600 shares		7,842		7,820
	TAKARA LEBEN CO	8,300 shares		131,254		125,592
	TAKEDA PHARMACEUTICAL CO	92,290 shares		5,826,984		6,327,970
	TAKEFUJI CORPORATION	2,140 shares		126,524		84,591
	TAMURA CORP	38,000 shares		150,982		164,559
	TARGETTI SANKEY SPA EUR0.52	4,508 shares		34,639		33,289
	TATE & LYLE ORD GBP0.25	121,500 shares		1,396,884		1,827,434
	TAVEX ALGODONERA S.A. EUR0.92	36,630 shares		159,293		155,533
	TDK CORP	17,100 shares		1,283,914		1,357,610
	TECHNIP	36,442 shares		2,069,488		2,498,825
	TEIJIN LTD	95,000 shares		598,168		584,407
	TEIXEIRA DUARTE ENGEN & CONST EUR0.5	8,613 shares		18,910		22,602
	TELE2 AB	115,100 shares		1,157,963		1,682,011
	TELECOM ITALIA MEDIA EUR0.03	403,299 shares		189,946		191,718
	TELEFONAKTIEBOLAGET LM ERICSSON	473,600 shares		1,798,903		1,913,640
	TELEFONICA SA EUR1	188,940 shares		3,178,480		4,016,236
	TELEFONICA SA EUR1	295,000 shares		4,986,285		6,270,719
	TELENOR ASA ORD NOK6	88,600 shares		1,160,020		1,668,449
	TELENOR ASA ORD NOK6	157,825 shares		2,029,689		2,972,043
	TELSTRA CORPORATION	944,600 shares		2,751,336		3,082,378
	TELUS CORP	3,400 shares		135,011		152,017
	TESCO ORD GBP0.05	240,200 shares		1,832,772		1,901,574
	TEXAS INSTRUMENTS INC	76,985 shares		2,148,554		2,217,168
	TEXAS ROADHOUSE	26,500 shares		355,099		351,390
	THOMSON SA EUR3.75	30,600 shares		579,469		597,595
	THORNTONS ORD GBP0.10	23,488 shares		56,368		64,472
	THYSSENKRUPP AG	96,200 shares		3,422,843		4,527,432
	TIME WARNER INC	117,000 shares		2,060,381		2,548,260
	TIME WARNER TEL	67,200 shares		1,153,699		1,339,296
	TJX COS INC	170,200 shares		4,078,311		4,854,104
	TNT N.V EUR0.48	63,105 shares		2,321,589		2,711,098
	TOHO BANK	47,000 shares		217,067		195,644
	TOKO INC	50,000 shares		165,368		132,600
	TOKYO DOME CORP	43,000 shares		220,602		182,963
	TOKYO ELECTRIC POWER CO INC	112,500 shares		3,145,443		3,634,971
	TOKYO ELECTRON	40,000 shares		2,725,544		3,148,840
	TOKYO OHKA KOGYO CO	9,900 shares		248,542		275,842

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK — (continued):
	TOKYO STEEL MANUFACTURING CO	26,000 shares		574,288		407,167
	TOKYO STYLE CO	24,000 shares		266,167		259,225
	TOKYO TEKKO CO	25,000 shares		222,922		217,154
	TOKYU COMMUNITY CORP	7,200 shares		205,472		206,051
	TONAMI TRANSPORT	5,000 shares		14,183		12,337
	TOPRE CORP	8,500 shares		80,843		83,962
	TOPY INDUSTRIES	95,000 shares		339,916		396,249
	TOSHIBA CORP	252,000 shares		1,655,846		1,639,042
	TOSHIBA TEC CORP	78,000 shares		358,277		401,276
	TOSOH CORP	101,000 shares		400,403		445,856
	TOTAL ACCESS COMMUNICATIONS THB10	22,800 shares		95,362		98,040
	TOTAL S A SPONSORED	51,700 shares		3,324,675		3,718,264
	TOTAL S.A EUR2.5	114,931 shares		7,524,386		8,282,428
	TOWA REAL ESTATE DEVELOPMENT CO	54,000 shares		284,762		263,757
	TOYO INK MANUFACTURING CO	86,000 shares		366,489		347,161
	TOYO KOHAN CO	43,000 shares		150,416		149,763
	TOYO SECURITIES CO	46,000 shares		259,080		184,147
	TOYO SEIKAN KAISHA	25,100 shares		453,275		415,191
	TOYOTA MOTOR CORP	142,300 shares		7,842,463		9,506,173
	TRAFFICMASTER ORD GBP0.05	195,000 shares		130,400		267,149
	TRANSCONTINENTAL INC	29,700 shares		517,699		531,624
	TRANSPORT INTERNATIONAL HLDGS HKD1	57,600 shares		294,806		314,024
	TRIBAL GROUP ORD GBP0.05	698 shares		2,512		1,721
	TRIBUNE CO	27,000 shares		820,205		831,060
	TRICAN WELL SERVICE COM	34,300 shares		682,060		598,931
	TRIFAST ORD GBP0.05	104,000 shares		112,484		176,064
	TRINITY MIRROR GBP0.10	37,387 shares		348,342		343,540
	TRULY INTERNATIONAL HLDGS HKD0.10	148,000 shares		190,933		131,306
	TRUSCO NAKAYAMA CORP	3,900 shares		76,743		79,535
	TSURUMI MANUFACTURING CO	5,000 shares		52,913		51,613
	TUI AG	69,300 shares		1,445,129		1,383,533
	TULLOW OIL PLC ORD GBP0.10	312,200 shares		2,386,455		2,431,854
	TXU CORP	21,950 shares		1,265,918		1,189,909
	TYCO INTERNATIONAL LTD	81,100 shares		2,262,561		2,465,440
	UBS AG	26,345 shares		1,451,395		1,589,394
	UCBH HLDGS INC	134,000 shares		2,491,689		2,353,040
	ULTIMATE LEISURE GROUP PLC ORD GBP	33,000 shares		124,819		106,566
	UNILEVER NV CVA EUR0.16	39,874 shares		952,792		1,088,405
	UNILEVER ORD GBP	112,068 shares		2,672,023		3,132,070
	UNIMAT LIFE CORP	9,300 shares		120,991		122,148

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK — (continued):
	UNION PACIFIC CORP	87,900 shares		7,060,021		8,088,558
	UNIPRES	21,200 shares		165,591		165,821
	UNIQ ORD GBP0.10	2,818 shares		9,541		12,533
	UNISOURCE ENERGY CORP	40,900 shares		1,299,629		1,494,077
	UNITED GROUP	20,200 shares		210,942		222,108
	UNITED HEALTH GROUP INC	20,375 shares		719,740		1,094,749
	UNITED INDUSTRIAL CORP SGD1	71,000 shares		67,086		96,715
	UNITED INTERNATIONAL SECURITIES SGD1	90,000 shares		79,457		99,133
	UNITED NATURAL FOODS	54,400 shares		1,603,252		1,954,048
	UNIVAR NV ORD EUR1	16,200 shares		775,897		906,610
	UNIVERSAL COMPRESSION HLDS	27,800 shares		1,075,874		1,726,658
	UNY CO	35,000 shares		525,065		455,289
	UOB-KAY HIAN HOLDINGS SGD0.10	265,000 shares		200,158		227,987
	UOL GROUP SGD1	65,000 shares		176,602		183,862
	URBAN OUTFITTERS INC	20,500 shares		329,023		472,115
	US BANCORP DELAWARE	77,100 shares		2,354,474		2,790,249
	USI HLDGS ORD HKD0.50	32,000 shares		19,434		18,186
	UXC ORD	58,008 shares		56,669		80,471
	VAISALA	860 shares		26,545		37,503
	VALERO ENERGY CORP	29,710 shares		1,912,630		1,519,964
	VALLOUREC(USIN A TUB DE LOR ESCAUT) EUR4	7,500 shares		1,830,157		2,178,743
	VALOR CO	1,200 shares		21,044		15,872
	VALSPAR CORP	41,900 shares		1,043,904		1,158,116
	VARIAN INC	44,000 shares		1,891,240		1,970,760
	VAUDOISE ASSURANCES HOLDING CHF25 (POST	195 shares		27,797		28,754
	VEDANTA RESOURCES ORD	48,400 shares		1,230,862		1,156,598
	VERIZON COMMUNICATIONS INC	41,800 shares		1,248,300		1,556,632
	VERWALTUNGS-UND PRIVAT-BANK VADUZ CHF10	3,780 shares		802,629		1,006,390
	VIACOM INC NEW CLASS`B` NON-VTG	23,900 shares		914,400		980,617
	VILLAGE ROADSHOW	64,300 shares		114,631		160,153
	VINCI EUR5	75,856 shares		8,044,851		9,682,680
	VITAL SIGNS	19,800 shares		1,009,618		988,416
	VITTORIA ASSICURAZIONI EUR1	13,792 shares		215,594		221,698
	VIVENDI EUR5.5	178,100 shares		6,204,016		6,953,967
	VODAFONE GROUP	3,198,078 shares		7,581,755		8,856,601
	VOLEX GROUP ORD GBP0.25	12,675 shares		24,574		33,737
	VOLVO(AB)	50,500 shares		2,560,811		3,479,578
	VT GROUP ORD GBP0.05	86,000 shares		779,763		799,912
	VTECH HLDGS ORD	55,000 shares		289,906		339,452
	WA US COMMODITY PLUS	317,068 shares		4,977,000		5,105,751

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK — (continued):
	WAI KEE HOLDINGS HKD0.10	256,000 shares		81,237		90,520
	WALLENSTAM	652 shares		9,447		13,434
	WAL-MART STORES INC	34,300 shares		1,577,377		1,583,974
	WALT DISNEY CO.	39,600 shares		979,766		1,357,092
	WARNER ESTATE HLDGS ORD GBP0.05	19,950 shares		311,233		337,739
	WASTE MANAGEMENT INC	49,400 shares		1,553,372		1,816,438
	WATERMAN GROUP PLC ORD GBP0.10	36,000 shares		118,259		119,918
	WATPAC	11,888 shares		21,618		39,355
	WBL CORPORATION STK SGD1	50,000 shares		156,084		145,995
	WEIQIAO TEXTILE CO `H`CNY1	114,000 shares		132,071		153,617
	WESSANEN(KON) EUR1	28,886 shares		397,166		390,428
	WEST JAPAN RAILWAY CO	155 shares		647,243		662,121
	WET SEAL INC	114,200 shares		685,200		761,714
	WHARF(HLDGS) HKD1	305,000 shares		1,074,314		1,127,487
	WHEELOCK PROPERTIES(S) SGD1	26,000 shares		30,006		38,128
	WHITBREAD ORD GBP	62,500 shares		1,355,522		2,048,879
	WHOLE FOODS MARKET INC	21,765 shares		1,115,109		1,021,431
	WILLBROS GROUP INC	53,100 shares		1,174,250		1,003,590
	WILLIAMSA SCOTSMAN INTL INC	64,600 shares		1,500,722		1,267,452
	WING LUNG BANK HKD5	12,600 shares		122,294		132,039
	WING ON CO INTERNATIONAL HKD0.10	92,000 shares		156,434		142,899
	WING TAI HOLDINGS SGD0.25	20,000 shares		26,052		29,720
	WMH WALTER MEIER HLDG AG CHF25(REGD)	2,199 shares		223,458		237,788
	WOLSELEY ORD GBP0.25	11,255 shares		260,056		271,600
	WORKSPACE GROUP ORD GBP0.10	2,322 shares		21,795		22,609
	WPS RESOURCES CORP	94,400 shares		4,591,022		5,100,432
	WRIGHT EXPRESS CORP	49,200 shares		1,356,459		1,533,564
	WURTT LEBENSVERSICHERUNG	1,246 shares		63,291		59,807
	WYETH COM	29,300 shares		1,369,147		1,491,956
	XSTRATA PLC	146,000 shares		5,347,809		7,286,427
	XTO ENERGY INC	144,500 shares		6,288,076		6,798,725
	YAHOO INC	150,009 shares		4,124,571		3,831,230
	YAMAGATA BANK	23,000 shares		127,269		119,097
	YAMAGUCHI FINANCIAL GROUP INC	30,000 shares		437,185		307,163
	YAMAHA MOTOR CO	90,900 shares		2,527,507		2,853,141
	YAMANA GOLD INC COM	17,085 shares		189,367		224,775
	YAMANASHI CHUO BANK	53,000 shares		402,565		347,833
	YAMATO KOGYO CO	16,700 shares		357,804		421,862
	YOKOHAMA REITO CO	7,000 shares		59,608		52,226
	YONEKYU CORP	15,000 shares		171,822		141,119

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	COMMON STOCK — (continued):
	YOROZU CORP	9,100 shares		99,199		115,320
	YUM BRANDS INC COM	91,450 shares		4,299,366		5,377,260
	ZIMMER HOLDINGS INC	5,885 shares		386,182		461,266
	ZINIFEX	30,100 shares		254,978		445,791
	ZURICH FINANCIAL SERVICES	40,231 shares		8,805,866		10,810,001

	TOTAL COMMON STOCK			4,437,818,724		5,413,830,031

	COMMON/COLLECTIVE TRUST FUNDS:
	BGI EAFE INDEX FUND CL F	4,962,731 units		106,267,778		152,256,582
	BGI EQUITY INDEX FUND CL F	67,193,770 units		1,112,670,645		1,392,254,923
	BGI RUSSELL 1000 GROWTH FUND CL F	45,665,665 units		342,208,277		387,244,838
	BGI RUSSELL 1000 VALUE FUND CL F	14,283,469 units		162,574,558		230,249,514
	BGI RUSSELL 2000 INDEX FUND CL F	8,028,611 units		121,410,935		160,652,501
*	JPMORGAN DOMESTIC LIQUIDITY	177,398,457 units		177,398,457		177,398,457
*	MGT LIQUIDITY FD	234 units		234		234


	TOTAL COMMON/COLLECTIVE TRUST FUNDS			2,022,530,884		2,500,057,049

	REGISTERED INVESTMENT COMPANIES (MUTUAL FUNDS):
*	AMERICAN CENTY MUT FDS INC ULTRA INSTL	6,331,934 units		175,814,071		174,001,554
*	JP MORGAN US EQUITY FDS VALUE	29,957,995 units		512,973,149		593,767,459
*	JPMORGAN TR I CAP GROWTH FD SELECT CL	6,309,922 units		258,517,101		268,928,866
*	JPMORGAN TR I SMALL CAP CORE FD SELECT CL	12,347,954 units		556,698,073		587,762,597
*	JPMORGAN TR II CORE BD FD ULTRA CL	15,354,188 units		166,493,961		162,293,771
	PIMCO FDS PAC INVT MGMT SER EMER MKT LC BD	151,692 units		1,706,570		1,727,775
	WA FLTG RATE HI INCOME FD	733,138 units		8,500,000		8,853,373
	WA MBS PORTFOLIO, LLC	19,844,532 units		206,145,000		217,257,938
	WESTERN ASSET EMERGING MARKET PORTFOLIO	156,682 units		2,501,121		2,785,029
	WESTERN ASSET INVT GRADE L L C	1,066,345 units		23,000,000		23,497,983
	WESTERN ASSET US DOLLAR HIGH YIELD LLC	804,661 units		11,952,436		12,838,368


	TOTAL REGISTERED INVESTMENT COMPANIES (MUTUAL FUNDS)			1,924,301,482		2,053,714,713

**	GUARANTEED INVESTMENT CONTRACTS:
	AIG GIC # 496672	0.000% 12/31/2049, 598,632,508		598,632,508		589,945,566
*	JP MORGAN/BANK OF AMERICA	01-001/10051-5, 598,701,834		598,701,834		590,013,887
*	JP MORGAN/STATE STREET BANK	101004/10051-5, 598,701,077		598,701,077		590,013,139

	TOTAL GUARANTEED INVESTMENT CONTRACTS			1,796,035,419		1,769,972,592

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	CORPORATE DEBT INSTRUMENTS:
	AB SPINTAB SWED ZCP	0.000% 02/02/2007, 4,900,000		4,877,133		4,877,133
	ABITIBI-CONSOLIDATED INC	SEMI-ANN. 8.550% 08/01/2010, 125,000		120,285		118,750
	ABN AMRO NO AMER FIN CORPORATE	0.000% 03/22/2007, 5,500,000		5,436,444		5,436,444
	ABSHE 2006-HE5 A2	5.41%, 07/18/08		109,848		109,848
	ABSHE 2006-HE5 A2	5.41%, 07/18/08		749,735		749,735
	ACCELLENT INC	SEMI-ANN. 10.500% 12/01/2013, 375,000		386,929		389,063
	ACCO BRANDS CORP	SEMI-ANN. 7.625% 08/15/2015, 750,000		698,497		736,875
	ACIH INC SR NT STP144A12	SEMI-ANN. FLOATING 12/15/2012, 500,000		407,604		345,000
	ADVANSTAR COMMUNICATIONS	SEMI-ANN. 10.750% 08/15/2010, 375,000		404,468		403,594
	AES CORPORATION	SEMI-ANN. 9.000% 05/15/2015, 1,366,000		1,462,692		1,468,450
	AES CORPORATION	SEMI-ANN. 8.875% 02/15/2011, 110,000		119,063		117,975
	AES CORPORATION	SEMI-ANN. 7.750% 03/01/2014, 30,000		31,800		31,650
	AES EASTERN ENERGY	SEMI-ANN. 9.000% 01/02/2017, 501,155		542,937		561,293
	AFFINIA GROUP INC	SEMI-ANN. 9.000% 11/30/2014, 250,000		228,915		245,000
	AFFINION GROUP INC	SEMI-ANN. 10.125% 10/15/2013, 500,000		520,707		530,000
	AIFUL CORPORATION	SEMI-ANN. 5.000% 08/10/2010, 279,000		266,421		270,741
	AINSWORTH LUMBER CO	SEMI-ANN. 7.250% 10/01/2012, 494,000		412,173		389,025
	AK STEEL CORP	SEMI-ANN. 7.750% 06/15/2012, 500,000		494,827		503,750
	ALAMOSA DEL INC	SEMI-ANN. 11.000% 07/31/2010, 196,000		212,344		211,795
	ALERIS INTERNATIONAL INC	SEMI-ANN. 10.000% 12/15/2016, 375,000		380,877		375,938
	ALERIS INTERNATIONAL INC	SEMI-ANN. 9.000% 12/15/2014, 375,000		380,273		376,875
	ALLIANCE IMAGING INC	SEMI-ANN. 7.250% 12/15/2012, 250,000		229,105		237,500
	ALLIANCE ONE INTL INC SR NT	SEMI-ANN. 11.000% 05/15/2012, 500,000		483,866		532,500
	ALLIED WASTE NORTH AMERICA	SEMI-ANN. 7.250% 03/15/2015, 1,000,000		962,268		1,001,250
	ALLSTATE LIFE GLOBAL FUNDING TRUSTS	5.34%, 01/29/08		116,387		116,387
	ALLSTATE LIFE GLOBAL FUNDING TRUSTS	5.34%, 01/29/08		794,361		794,361
	ALTAMIRA FUNDING LLC CORPORATE	0.000% 01/11/2007, 5,500,000		5,491,949		5,491,949
	ALTRIA GROUP INC	SEMI-ANN. 7.000% 11/04/2013, 324,000		344,161		352,031
	AMER GEN FINANCE	SEMI-ANN. 4.500% 11/15/2007, 1,000,000		994,175		994,187
	AMERICAN EXPRESS CR CORP MTNBE VR	MONTHLY FLOATING 06/12/2007, 9,500,000		9,499,928		9,501,777
	AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST	MONTHLY FLOATING 09/15/2009, 1,250,000		1,250,702		1,250,233
	AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST	MONTHLY FLOATING 11/16/2009, 4,250,000		4,253,323		4,252,105
	AMERICAN GENERAL FINANCE CORP	5.40%, 01/29/08		242,473		242,473
	AMERICAN GENERAL FINANCE CORP	5.40%, 01/29/08		1,654,918		1,654,918
	AMERICAN HONDA FINANCE CORP	5.35%, 03/08/07		727,418		727,418
	AMERICAN HONDA FINANCE CORP	5.39%, 01/23/08		193,978		193,978
	AMERICAN HONDA FINANCE CORP	5.35%, 03/08/07		4,964,754		4,964,754
	AMERICAN HONDA FINANCE CORP	5.39%, 01/23/08		1,323,934		1,323,934
	AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 1996-B	MONTHLY 3.100% 11/06/2009, 274,948		274,544		273,955
	AMERIGAS PARTNERS	SEMI-ANN. 7.125% 05/20/2016, 375,000		353,594		375,000

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	CORPORATE DEBT INSTRUMENTS — (continued):
	AMERIPATH INC	SEMI-ANN. 10.500% 04/01/2013, 409,000		427,466		442,743
	AMES TRUE TEMPER INC	SEMI-ANN. 10.000% 07/15/2012, 250,000		221,174		230,000
	ANADARKO FINANCE CORP	SEMI-ANN. 7.500% 05/01/2031, 1,275,000		1,391,679		1,446,631
	ANADARKO PETROLEUM CORP	QUARTERLY FLOATING 09/15/2009, 1,120,000		1,120,000		1,124,567
	ANADARKO PETROLEUM CORP	SEMI-ANN. 5.950% 09/15/2016, 490,000		490,341		491,025
	ANADARKO PETROLEUM CORP	SEMI-ANN. 6.450% 09/15/2036, 1,630,000		1,629,725		1,647,108
	ANR PIPELINE CO	SEMI-ANN. 9.625% 11/01/2021, 1,050,000		1,218,987		1,393,377
	ANZ NATIONAL (INTL) LTD	5.35%, 01/29/08		290,967		290,967
	ANZ NATIONAL (INTL) LTD	5.35%, 01/29/08		1,985,902		1,985,902
	ANZ NATNL INT LMTD	0.000% 01/22/2007, 4,600,000		4,585,926		4,585,926
	AOL TIME WARNER INC	SEMI-ANN. 6.875% 05/01/2012, 631,000		651,045		666,809
	AOL TIME WARNER INC	SEMI-ANN. 7.625% 04/15/2031, 84,000		90,121		93,841
	AOL TIME WARNER INC	SEMI-ANN. 7.700% 05/01/2032, 670,000		725,542		755,956
	APACHE FINANCE CANADA	SEMI-ANN. 4.375% 05/15/2015, 1,203,000		1,083,416		1,107,090
	ASB BANK LTD.	0.000% 01/30/2007, 5,500,000		5,476,784		5,476,784
	ASIF GLOBAL FINANCING	SEMI-ANN. 3.850% 11/26/2007, 1,590,000		1,570,132		1,568,691
	ASIF GLOBAL FINANCING XIX	SEMI-ANN. 4.900% 01/17/2013, 113,000		107,398		110,197
	ASIF GLOBAL FUNDING XV	5.37%, 05/03/07		97,007		97,007
	ASIF GLOBAL FUNDING XV	5.37%, 05/03/07		662,093		662,093
	ASSET SECURITIZATION CORP	MONTHLY 6.920% 02/14/2029, 39,473		39,527		39,584
	ASSOCIATED MATERIAL INC	SEMI-ANN. FLOATING 03/01/2014, 750,000		471,588		506,250
	AT&T INC	SEMI-ANN. 5.100% 09/15/2014, 509,000		473,747		494,213
	AUSTRA CORP DISC	0.000% 03/20/2007, 5,500,000		5,437,080		5,437,080
	AVAGO TECHNOLOGIES FIN	SEMI-ANN. 10.125% 12/01/2013, 500,000		525,814		533,750
	BANCAJA	5.42%, 07/10/08		135,785		135,785
	BANCAJA	5.42%, 07/10/08		926,754		926,754
	BANK OF AMERICA	5.37%, 08/08/08		106,688		106,688
	BANK OF AMERICA	5.37%, 08/08/08		728,164		728,164
	BANK OF AMERICA CORP	SEMI-ANN. 3.875% 01/15/2008, 4,450,000		4,392,373		4,382,872
	BANK OF THE WEST ICAP CORPORATES	4.700% 01/11/2007, 4,000,000		4,000,000		4,000,000
	BANKAMERICA CORP	0.000% 04/02/2007, 3,000,000		2,960,263		2,960,263
	BANKAMERICA CORP	0.000% 05/01/2007, 5,500,000		5,405,217		5,405,217
	BARCLAYS U S FDG CORP	0.000% 02/14/2007, 5,500,000		5,464,809		5,464,809
	BARTON CAPITAL CORP	0.000% 01/05/2007, 5,500,000		5,496,810		5,496,810
	BAVARIA UNIVL FDG CO	0.000% 01/26/2007, 5,000,000		4,981,597		4,981,597
	BE AEROSPACE INC	SEMI-ANN. 8.875% 05/01/2011, 639,000		659,055		661,365
	BEAR STEARNS ARM TRUST 2004-4 A-6	MONTHLY FLOATING 06/25/2034, 1,465,000		1,393,425		1,428,284
	BELLSOUTH CORP	SEMI-ANN. 4.750% 11/15/2012, 28,000		26,067		27,020
	BETA FINANCE INC	5.37%, 01/15/08		213,376		213,376
	BETA FINANCE INC	5.37%, 01/31/08		349,160		349,160

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	CORPORATE DEBT INSTRUMENTS — (continued):
	BETA FINANCE INC	5.38%, 05/02/08		87,265		87,265
	BETA FINANCE INC	5.37%, 01/15/08		1,456,328		1,456,328
	BETA FINANCE INC	5.37%, 01/31/08		2,383,082		2,383,082
	BETA FINANCE INC	5.38%, 05/02/08		595,599		595,599
	BLOUNT INC SUB NTS	SEMI-ANN. 8.875% 08/01/2012, 500,000		506,929		510,000
	BMW VEHICLE OWNER TRUST	MONTHLY 4.040% 02/25/2009, 2,597,121		2,581,802		2,583,844
	BMW VEHICLE OWNER TRUST 2006-A A-1	MONTHLY 5.363% 09/25/2007, 2,915,477		2,915,477		2,915,772
	BNP PARIBAS FIN INC	0.000% 01/16/2007, 5,450,000		5,437,710		5,437,710
	BNP PARIBAS NY BANCH	MONTHLY FLOATING 04/03/2008, 3,000,000		2,998,270		2,997,938
	BOEING CAPITAL CORP	SEMI-ANN. 7.375% 09/27/2010, 509,000		540,915		545,700
	BOMBARDIER INC	SEMI-ANN. 8.000% 11/15/2014, 500,000		506,145		512,500
	BON TON DEPT STORES	SEMI-ANN. 10.250% 03/15/2014, 250,000		235,218		255,625
	BRITISH TELECOMMUNICATIONS	SEMI-ANN. FLOATING 12/15/2010, 530,000		581,282		591,485
	BUFFALO THUNDER DEV AUTH	SEMI-ANN. 9.375% 12/15/2014, 250,000		250,000		253,750
	CABLEVISION SYSTEMS CORP	SEMI-ANN. 8.000% 04/15/2012, 500,000		494,280		491,250
	CALYON, LDN	5.3%, 06/14/07		310,365		310,365
	CALYON, LDN	5.31%, 06/14/07		2,118,295		2,118,295
	CALYON, NY	5.36%, 05/19/08		252,135		252,135
	CALYON, NY	5.37%, 10/14/08		484,748		484,748
	CALYON, NY	5.36%, 05/19/08		1,720,869		1,720,869
	CALYON, NY	5.37%, 10/14/08		3,308,493		3,308,493
	CANADIAN IMPERIAL BANK NY	5.33%, 01/29/08		533,440		533,440
	CANADIAN IMPERIAL BANK NY	5.33%, 01/29/08		1,066,879		1,066,879
	CANADIAN IMPERIAL BANK NY	5.33%, 01/29/08		3,640,819		3,640,819
	CANADIAN IMPERIAL BANK NY	5.33%, 01/29/08		7,281,639		7,281,639
	CANWEST MEDIA INC	SEMI-ANN. 8.000% 09/15/2012, 489,091		484,593		510,489
	CAPITAL LEASE FUNDING 99-LTL- A-2	MONTHLY 6.867% 01/22/2026, 825,496		849,752		855,348
	CAPITAL ONE AUTO FINANCE TRUST	MONTHLY 2.960% 04/15/2009, 239,953		239,416		239,707
	CAPITAL ONE AUTO FINANCE TRUST	MONTHLY 4.280% 07/15/2009, 500,444		498,707		498,526
	CAPITAL ONE AUTO FINANCE TRUST	MONTHLY 5.530% 05/15/2009, 1,100,000		1,100,899		1,100,900
	CAPITAL ONE AUTO FINANCE TRUST 2006-A A-2	MONTHLY 5.310% 05/15/2009, 3,672,452		3,671,353		3,672,200
	CARAT 2006-1 A-2B	5.38%, 02/15/08		283,708		283,708
	CARAT 2006-1 A-2B	5.38%, 02/15/08		1,936,358		1,936,358
	CARMAX AUTO OWNER TRUST 2004-2	MONTHLY 3.000% 09/15/2008, 2,253,673		2,235,205		2,244,713
	CATERPILLAR FIN SERV 14912L2L4	SEMI-ANN. 3.800% 02/08/2008, 3,400,000		3,350,908		3,344,291
	CBA (DE) FINANCE INC	0.000% 03/30/2007, 3,000,000		2,961,647		2,961,647
	CBA (DE) FINANCE INC ZCP	0.000% 02/21/2007, 6,000,000		5,955,460		5,955,460
	CC (USA) INC CORPORATE	0.000% 02/23/2007, 8,000,000		7,938,226		7,938,226
	CC (USA) INC CORPORATE	0.000% 03/28/2007, 4,000,000		3,950,869		3,950,869
	CC USA INC	5.37%, 01/14/08		87,290		87,290

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	CORPORATE DEBT INSTRUMENTS — (continued):
	CC USA INC	5.37%, 01/25/08		155,182		155,182
	CC USA INC	5.38%, 03/10/08		145,449		145,449
	CC USA INC	5.38%, 05/02/08		193,922		193,922
	CC USA INC	5.38%, 05/23/08		116,358		116,358
	CC USA INC	5.37%, 01/14/08		595,770		595,770
	CC USA INC	5.37%, 01/25/08		1,059,147		1,059,147
	CC USA INC	5.38%, 03/10/08		992,714		992,714
	CC USA INC	5.38%, 05/02/08		1,323,553		1,323,553
	CC USA INC	5.38%, 05/23/08		794,165		794,165
	CCH I LLC/CCH I CAPITAL CORP	SEMI-ANN. 11.000% 10/01/2015, 500,000		460,172		513,125
	CCH II LLC/CCH II CAPITAL CORP	SEMI-ANN. 10.250% 09/15/2010, 500,000		506,092		523,125
	CDRV INVESTORS INC	SEMI-ANN. FLOATING 01/01/2015, 1,750,000		1,255,305		1,356,250
	CENTENNIAL COMMUNICATIONS CORP	SEMI-ANN. 10.125% 06/15/2013, 453,000		475,077		488,108
	CHESAPEAKE CORP	SEMI-ANN. 7.000% 12/15/2014, 500,000		581,363		619,767
	CHESAPEAKE ENERGY CORP	SEMI-ANN. 6.500% 08/15/2017, 500,000		462,959		488,750
	CHESAPEAKE ENERGY CORP	SEMI-ANN. 6.625% 01/15/2016, 250,000		242,164		248,438
	CHESAPEAKE ENERGY CORP	SEMI-ANN. 6.875% 01/15/2016, 500,000		479,202		504,375
	CHEVRONTEXACO CAP CO	SEMI-ANN. 3.500% 09/17/2007, 1,395,000		1,370,540		1,378,632
	CHEYNE HIGH GRADE ABS CDO I	5.42%, 11/10/08		969,890		969,890
	CHEYNE HIGH GRADE ABS CDO I	5.42%, 11/10/08		6,619,672		6,619,672
	CHUKCHANSI ECO DEV AUTH	SEMI-ANN. 8.000% 11/15/2013, 250,000		251,374		259,688
	CIC NY	5.40%, 05/10/07		242,473		242,473
	CIC NY	5.40%, 05/10/07		1,654,918		1,654,918
	CIT GROUP INC	SEMI-ANN. 5.750% 09/25/2007, 6,000,000		6,015,810		6,018,258
	CITIBANK CR CARD ISSUANCE TRUST SER 2004-A	SEMI-ANN. 2.550% 01/20/2009, 3,165,000		3,123,378		3,160,558
	CITIBANK CREDIT CARD ISSUANCE TRUST	SEMI-ANN. 4.950% 02/09/2009, 2,312,000		2,305,183		2,311,642
	CITIGROUP FDG INC	0.000% 04/17/2007, 5,500,000		5,416,113		5,416,113
	CITIGROUP INC	SEMI-ANN. 5.100% 09/29/2011, 2,280,000		2,275,485		2,270,346
	CITIGROUP INC	SEMI-ANN. 5.125% 02/14/2011, 1,000		978		997
	CITIZENS COMMUNICATIONS CORP	SEMI-ANN. 9.250% 05/15/2011, 750,000		802,230		829,688
	CLEAR CHANNEL COMMUNICATIONS INC	SEMI-ANN. 5.750% 01/15/2013, 1,000,000		897,475		889,268
	CLEAR CHANNEL COMMUNICATIONS INC	SEMI-ANN. 6.250% 03/15/2011, 880,000		871,719		855,198
	CMLTI 06 NC1 A2A	5.42%, 06/27/08		146,964		146,964
	CMLTI 06 NC1 A2A	5.42%, 06/27/08		1,003,053		1,003,053
	CMLTI 06-1 WFH2 A1	5.39%, 08/29/08		316,835		316,835
	CMLTI 06-1 WFH2 A1	5.39%, 08/29/08		2,162,456		2,162,456
	CMP SUSQUEHANNA	SEMI-ANN. 9.875% 05/15/2014, 375,000		357,335		373,125
	CMS ENERGY CORP	SEMI-ANN. 9.875% 10/15/2007, 693,000		709,963		714,656
	CODELCO INC	SEMI-ANN. 4.750% 10/15/2014, 223,000		204,181		211,998
	CODERE FINANCE (LUXEMBOURG) SA	SEMI-ANN. 8.250% 06/15/2015, 750,000		989,293		1,049,664

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	CORPORATE DEBT INSTRUMENTS — (continued):
	COLUMBIA HCA HEALTHCARE CORP	SEMI-ANN. 7.190% 11/15/2015, 100,000		96,571		85,773
	COLUMBIA HCA HEALTHCARE CORP	SEMI-ANN. 7.750% 07/15/2036, 707,000		657,792		567,002
	COMMERCIAL MTG LEASE-BACKED SECURITIES LLC	MONTHLY 6.746% 06/20/2031, 1,278,894		1,324,382		1,351,238
	COMPASS MINERALS INTERNATIONAL INC	SEMI-ANN. FLOATING 06/01/2013, 250,000		237,271		238,125
	CONNECTICUT RRB SPL PURP TST	QUARTERLY 5.730% 03/30/2009, 465,102		465,470		465,373
	CONOCO FUNDING CO	SEMI-ANN. 6.350% 10/15/2011, 195,000		200,668		203,862
	CONOCO FUNDING CO	SEMI-ANN. 7.250% 10/15/2031, 3,000		3,391		3,537
	CONOCO INC	SEMI-ANN. 6.950% 04/15/2029, 900,000		981,624		1,022,288
	CONOCOPHILLIPS	SEMI-ANN. 4.750% 10/15/2012, 305,000		290,843		297,397
	CONSOLIDATED CONTAINERS CO	SEMI-ANN. 10.125% 07/15/2009, 125,000		119,709		123,750
	CONSOLIDATED CONTAINERS CO STP-UP	SEMI-ANN. FLOATING 06/15/2009, 250,000		239,010		253,125
	CONSTELLATION BRANDS INC	SEMI-ANN. 8.000% 02/15/2008, 395,000		399,787		403,888
	CONTINENTAL AIRLINES PASS THROUGH TRUST 99-1 A	SEMI-ANN. 6.545% 08/02/2020, 223,123		221,061		230,955
	CONTINENTAL CABLEVISION	SEMI-ANN. 9.000% 09/01/2008, 600,000		637,425		634,370
	COOP. ASSOC. TRACTOR ZCP	0.000% 02/27/2007, 5,500,000		5,454,020		5,454,020
	COUNTRYWIDE AB CERT 2002-BC2 A	MONTHLY FLOATING 04/25/2032, 4,902		4,905		4,903
	COVALENCE SPECIALTY MATERIALS	SEMI-ANN. 10.250% 03/01/2016, 500,000		486,919		457,500
	COX COMMUNICATIONS INC	SEMI-ANN. 3.875% 10/01/2008, 234,000		225,283		227,662
	CPG INTERNATIONAL I INC	SEMI-ANN. 10.500% 07/01/2013, 779,000		793,470		793,606
	CREDIT SUISSE FIRST BOSTON USA INC.	5.17%, 06/03/08		485,570		485,570
	CREDIT SUISSE FIRST BOSTON USA INC.	5.17%, 06/03/08		3,314,104		3,314,104
	CREDIT SUISSE FIRST BOSTON, NY	5.34%, 03/29/07		581,934		581,934
	CREDIT SUISSE FIRST BOSTON, NY	5.34%, 03/29/07		3,971,803		3,971,803
	CREDIT SUISSE WARBURG PINCUS TRUST	SEMI-ANN. 5.500% 08/16/2011, 430,000		428,462		434,686
	CRESCENT REAL ESTA NTS	SEMI-ANN. FLOATING 09/15/2007, 1,382,000		1,390,091		1,387,183
	CRESENT REAL ESTA	SEMI-ANN. 9.250% 04/15/2009, 118,000		121,827		121,098
	CROWN AMERICAS LLC	SEMI-ANN. 7.750% 11/15/2015, 500,000		495,253		518,750
	CRYSTAL US HLDGS 3 L L C	SEMI-ANN. FLOATING 10/01/2014, 750,000		601,723		645,000
	CS FIRST BOSTON MORTGAGE SECURITIES CORP SER	MONTHLY 4.832% 04/15/2037, 544,000		505,393		525,957
	CVS CORP BDS PASSTHRU CT	MONTHLY 6.036% 12/10/2028, 700,000		700,000		697,102
	CWABS, INC 2002-BC A	MONTHLY FLOATING 04/25/2032, 10,075		10,082		10,078
	CWL 05 17 4AV1	5.46%, 12/28/07		35,691		35,691
	CWL 05 17 4AV1	5.46%, 12/28/07		243,595		243,595
	CWL 06-11 3AV1	5.41%, 06/27/08		185,605		185,605
	CWL 06-11 3AV1	5.41%, 06/27/08		1,266,784		1,266,784
	CWL 2006-2 2A1	5.42%, 02/27/08		26,785		26,785
	CWL 2006-2 2A1	5.42%, 02/27/08		182,810		182,810
	CWL 2006-4 2A1	5.42%, 03/17/08		162,640		162,640
	CWL 2006-4 2A1	5.42%, 03/17/08		1,110,045		1,110,045
	DAIMLERCHRYSLER NA HLDGS	SEMI-ANN. 4.050% 06/04/2008, 603,000		586,614		590,118
	DAIMLERCHRYSLER NA HLDGS	SEMI-ANN. 7.200% 09/01/2009, 21,000		21,673		21,785

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	CORPORATE DEBT INSTRUMENTS — (continued):
	DAIMLERCHRYSLER NA HLDGS	SEMI-ANN. 7.300% 01/15/2012, 656,000		683,658		696,361
	DAVIS SQUARE II	5.42%, 04/07/08		242,473		242,473
	DAVIS SQUARE II	5.42%, 04/07/08		1,654,918		1,654,918
	DAVITA INC	SEMI-ANN. 7.250% 03/15/2015, 500,000		482,870		510,000
	DEAN FOODS CO	SEMI-ANN. 7.000% 06/01/2016, 250,000		243,456		252,500
	DEAN FOODS CO SR NT	SEMI-ANN. 8.150% 08/01/2007, 719,000		722,869		727,988
	DEL LABORATORIES INC	SEMI-ANN. 8.000% 02/01/2012, 500,000		440,492		468,750
	DETROIT EDISON CO	SEMI-ANN. 6.125% 10/01/2010, 153,000		154,258		156,415
	DEUTSCHE BANK FINANCIAL	5.44%, 01/12/07		310,365		310,365
	DEUTSCHE BANK FINANCIAL	5.44%, 01/12/07		2,118,295		2,118,295
	DEUTSCHE BANK N.Y.	5.415%, 01/22/08		195,675		195,675
	DEUTSCHE BANK N.Y.	5.41%, 01/22/08		1,335,519		1,335,519
	DEUTSCHE TELEKOM INTL FINANCE	SEMI-ANN. 5.250% 07/22/2013, 3,000		2,822		2,929
	DEUTSCHE TELEKOM INTL FINANCE	SEMI-ANN. 5.750% 03/23/2016, 530,000		500,665		522,213
	DEVON ENERGY CORP	SEMI-ANN. 7.950% 04/15/2032, 1,252,000		1,447,729		1,524,173
	DEX MEDIA EAST LLC/FIN	SEMI-ANN. 12.125% 11/15/2012, 78,000		86,807		85,898
	DEX MEDIA INC	SEMI-ANN. FLOATING 11/15/2013, 500,000		424,602		446,250
	DEXIA CREDIT LOCAL SA NY	MONTHLY FLOATING 03/28/2008, 4,900,000		4,897,928		4,899,647
	DEXIA DELAWARE LLC CORPORATE	0.000% 03/19/2007, 3,500,000		3,460,773		3,460,773
	DIGICEL LIMITED	SEMI-ANN. 9.250% 09/01/2012, 500,000		520,690		533,750
	DLJ/PERSHING DIVISION	5.41%, 01/02/07		242,473		242,473
	DLJ/PERSHING DIVISION	5.41%, 01/02/07		1,654,918		1,654,918
	DOBSON CELLULAR SYSTEMS INC	SEMI-ANN. 8.375% 11/01/2011, 278,000		284,930		292,943
	DOBSON CELLULAR SYSTEMS INC	SEMI-ANN. 8.375% 11/01/2011, 96,000		98,392		101,160
	DOBSON CELLULAR SYSTEMS INC	SEMI-ANN. 9.875% 11/01/2012, 168,000		176,513		183,120
	DOMINION RES(VIR)	SEMI-ANN. 4.125% 02/15/2008, 188,000		184,259		185,194
	DOMINION RESOURCES INC	SEMI-ANN. 5.125% 12/15/2009, 174,000		170,051		172,889
	DORADA FINANCE INC.	5.37%, 01/25/08		160,032		160,032
	DORADA FINANCE INC.	5.37%, 01/25/08		1,092,246		1,092,246
	DOUGLAS DYNAMICS LLC	SEMI-ANN. 7.750% 01/15/2012, 250,000		237,023		235,000
	DPL INC SR NT	SEMI-ANN. 8.250% 03/01/2007, 727,000		729,219		729,531
	DRESSER RAND GROUP	SEMI-ANN. FLOATING 11/01/2014, 250,000		239,622		251,875
	DUKE ENERGY CORP	SEMI-ANN. 5.625% 11/30/2012, 1,329,000		1,314,402		1,352,998
	DYNEGY HLDGS INC	SEMI-ANN. 8.375% 05/01/2016, 500,000		510,064		525,000
	DYNEGY INC	SEMI-ANN. 8.750% 02/15/2012, 907,000		922,872		961,420
	E TRADE FINANCIAL CORP	SEMI-ANN. 7.375% 09/15/2013, 375,000		387,816		390,000
	EASTMAN KODAK CO.	SEMI-ANN. 7.250% 11/15/2013, 2,912,000		2,791,902		2,894,909
	ECHOSTAR DBS CORP	SEMI-ANN. 7.000% 10/01/2013, 500,000		493,903		499,375
	EDISON MISSION ENERGY	SEMI-ANN. 7.500% 06/15/2013, 250,000		246,496		261,250
	EDISON MISSION ENERGY	SEMI-ANN. 7.750% 06/15/2016, 500,000		492,848		530,000

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	CORPORATE DEBT INSTRUMENTS — (continued):
	EL PASO CORP	SEMI-ANN. 7.800% 08/01/2031, 1,500,000		1,448,520		1,638,750
	EL PASO CORP	SEMI-ANN. 7.750% 01/15/2032, 405,000		393,984		443,475
	EL PASO CORP	SEMI-ANN. 7.800% 08/01/2031, 844,000		818,962		922,070
	EL PASO NATURAL GAS	SEMI-ANN. 7.500% 11/15/2026, 74,000		72,524		82,936
	EL PASO NATURAL GAS	SEMI-ANN. 7.625% 08/01/2010, 431,000		437,622		450,395
	EL PASO NATURAL GAS	SEMI-ANN. 8.625% 01/15/2022, 204,000		220,016		247,062
	EL PASO NATURAL GAS	SEMI-ANN. 8.375% 06/15/2032, 70,000		74,606		84,766
	EL PASO PRODUCTION HOLDINGS	SEMI-ANN. 7.750% 06/01/2013, 1,747,000		1,759,158		1,827,799
	ELAN FINANCE CORP	SEMI-ANN. 7.750% 11/15/2011, 250,000		244,089		244,063
	ENCORE ACQUISITION CO	SEMI-ANN. 6.000% 07/15/2015, 750,000		679,073		684,375
	EQUISTAR CHEMICALS	SEMI-ANN. 10.125% 09/01/2008, 1,208,000		1,256,827		1,283,500
	EQUISTAR CHEMICALS	SEMI-ANN. 10.625% 05/01/2011, 1,026,000		1,093,856		1,092,690
	EQUISTAR CHEMICALS	SEMI-ANN. 7.550% 02/15/2026, 409,000		397,041		388,550
	ERASMUS CAPTL CORP	0.000% 01/29/2007, 4,000,000		3,983,604		3,983,604
	EXPORTFINANS A/S	SEMI-ANN. 5.500% 05/25/2016, 1,053,000		1,046,627		1,084,212
	FERRO CORP	SEMI-ANN. 9.125% 01/01/2009, 500,000		505,082		508,750
	FFML 05 FF12A2A	5.44%, 12/28/07		130,784		130,784
	FFML 05 FF12A2A	5.44%, 12/28/07		892,627		892,627
	FFML06 FF11 2A1	5.39%, 09/05/08		87,118		87,118
	FFML06 FF11 2A1	5.39%, 09/05/08		594,595		594,595
	FFMLT06 FF13A2A	5.41%, 09/26/08		441,201		441,201
	FFMLT06 FF13A2A	5.41%, 09/26/08		3,011,273		3,011,273
	FIFTH THIRD BANCORP	5.35%, 01/29/08		165,052		165,052
	FIFTH THIRD BANCORP	5.35%, 01/29/08		1,126,510		1,126,510
	FINANCING CORP	SEMI-ANN, 0.000%, 04/05/2019, 160,000		81,105		85,412
	FIRSTENERGY CORP	SEMI-ANN. 6.450% 11/15/2011, 101,000		102,815		105,324
	FIRSTENERGY CORP	SEMI-ANN. 7.375% 11/15/2031, 1,238,000		1,331,152		1,409,879
	FISHER SCIENTIFIC INTERNATIONAL	SEMI-ANN. 6.750% 08/15/2014, 399,000		397,595		406,826
	FISHER SCIENTIFIC INTL INC	SEMI-ANN. 6.125% 07/01/2015, 663,000		640,298		655,447
	FIVE FINANCE INC	5.38%, 06/19/08		174,530		174,530
	FIVE FINANCE INC	5.38%, 06/19/08		1,191,198		1,191,198
	FIVE FINANCE INC/CORP	0.000% 02/23/2007, 8,000,000		7,938,226		7,938,226
	FORD MOTOR CO	SEMI-ANN. 7.450% 07/16/2031, 250,000		184,399		196,250
	FORD MOTOR CO	SEMI-ANN. 8.000% 12/15/2016, 250,000		242,838		247,038
	FORD MOTOR CREDIT CO	SEMI-ANN. 7.000% 10/01/2013, 750,000		655,640		716,236
	FORD MOTOR CREDIT CO	SEMI-ANN. 7.250% 10/25/2011, 500,000		453,162		489,636
	FORD MOTOR CREDIT CO	SEMI-ANN. 9.875% 08/10/2011, 375,000		378,236		401,072
	FORD MOTOR CREDIT CO	SEMI-ANN. 7.000% 10/01/2013, 286,000		249,994		273,124
	FORD MOTOR CREDIT CO	SEMI-ANN. 7.250% 10/25/2011, 453,000		406,545		443,610
	FORD MOTOR CREDIT CO	SEMI-ANN. 7.375% 02/01/2011, 677,000		611,710		670,191

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	CORPORATE DEBT INSTRUMENTS — (continued):
	FORD MOTOR CREDIT CO	SEMI-ANN. 7.375% 10/28/2009, 5,322,000		4,970,567		5,333,336
	FORD MOTOR CREDIT CO	SEMI-ANN. 7.875% 06/15/2010, 181,000		169,221		182,503
	FOREST OIL CORP	SEMI-ANN. 8.000% 12/15/2011, 657,000		670,432		683,280
	FORTIS BANK, NEW YORK	5.33%, 05/29/07		300,616		300,616
	FORTIS BANK, NEW YORK	5.33%, 05/29/07		2,051,756		2,051,756
	FORTIS BANQUE LUX	0.000% 01/26/2007, 6,500,000		6,476,122		6,476,122
	FREESCALE SEMICONDUCTOR INC	SEMI-ANN. 10.125% 12/15/2016, 500,000		506,825		500,625
	FREESCALE SEMICONDUCTOR INC	SEMI-ANN. 9.125% 12/15/2014, 1,000,000		1,002,175		993,750
	GALAXY ENTERTAINMENT FIN	SEMI-ANN. 9.875% 12/15/2012, 800,000		829,528		857,000
	GAYLORD ENTERTAINMENT CO	SEMI-ANN. 8.000% 11/15/2013, 250,000		251,167		259,375
	GE WMC 05-2 A2A	5.45%, 12/19/07		69,720		69,720
	GE WMC 05-2 A2A	5.45%, 12/19/07		475,851		475,851
	GEN ELEC CAP CORP	SEMI-ANN. 4.250% 01/15/2008, 558,000		549,509		552,924
	GENERAL ELEC CAP CORP	SEMI-ANN. 5.450% 01/15/2013, 2,000		1,968		2,019
	GENERAL ELEC CAP CORP	SEMI-ANN. 6.000% 06/15/2012, 40,000		41,647		41,407
	GENERAL ELEC CAP CORP	SEMI-ANN. 4.125% 09/01/2009, 795,000		764,647		775,123
	GENERAL ELEC CAP CORP MTN BE VR	QUARTERLY FLOATING 01/03/2008, 7,700,000		7,706,211		7,709,617
	GENERAL ELECTRIC CAPITAL ASSURANCE	5.45%, 01/29/08		242,473		242,473
	GENERAL ELECTRIC CAPITAL ASSURANCE	5.45%, 01/29/08		484,945		484,945
	GENERAL ELECTRIC CAPITAL ASSURANCE	5.45%, 01/29/08		4,964,754		4,964,754
	GENERAL ELECTRIC CO	SEMI-ANN. 5.000% 02/01/2013, 265,000		254,294		262,059
	GENERAL MOTORS	SEMI-ANN. 8.375% 07/15/2033, 1,00,000		866,260		925,000
	GENERAL MOTORS	SEMI-ANN. 8.375% 07/15/2033, 1,073,000		869,885		992,525
	GENERAL MOTORS ACCEPT CORP	SEMI-ANN. 5.625% 05/15/2009, 2,278,000		2,174,455		2,260,015
	GENERAL MOTORS ACCEPTANCE CORP	SEMI-ANN. 6.750% 12/01/2014, 526,000		490,776		540,272
	GENERAL NUTRITION CENTRE	SEMI-ANN. 8.500% 12/01/2010, 500,000		487,741		513,750
	GENWORTH LIFE INSURANCE CO	5.45%, 02/20/07		96,989		96,989
	GENWORTH LIFE INSURANCE CO	5.44%, 09/17/07		223,075		223,075
	GENWORTH LIFE INSURANCE CO	5.45%, 12/20/07		242,473		242,473
	GENWORTH LIFE INSURANCE CO	5.45%, 02/20/07		661,967		661,967
	GENWORTH LIFE INSURANCE CO	5.44%, 09/17/07		1,522,525		1,522,525
	GENWORTH LIFE INSURANCE CO	5.45%, 12/20/07		1,654,918		1,654,918
	GEORGE ST FINANCE LLC	0.000% 01/18/2007, 5,500,000		5,486,157		5,486,157
	GEORGIA PACIFIC CORP	SEMI-ANN. 7.000% 01/15/2015, 125,000		125,000		124,688
	GEORGIA PACIFIC CORP	SEMI-ANN. 7.125% 01/15/2017, 250,000		250,000		249,375
	GEORGIA PACIFIC CORP	SEMI-ANN. 7.750% 11/15/2029, 525,000		481,327		523,688
	GEORGIA PACIFIC CORP	SEMI-ANN. 8.000% 01/15/2024, 639,000		604,854		648,585
	GERRESHEIMER HLDGS GMBH	SEMI-ANN. 7.875% 03/01/2015, 500,000		653,872		679,106
	GLITNIR BANKI HF	SEMI-ANN. 6.330% 07/28/2011, 590,000		590,000		605,819
	GLITNIR BANKI HF	SEMI-ANN. FLOATING 06/15/2016, 1,060,000		1,054,574		1,094,314

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	CORPORATE DEBT INSTRUMENTS — (continued):
	GMAC COMMERCIAL MORTGAGE SECURITIES	MONTHLY FLOATING 07/15/2009, 4,617,290		16,270		18,926
	GMAC COMMERCIAL MORTGAGE SECURITIES	MONTHLY 6.700% 05/15/2030, 1,398,136		1,415,981		1,413,546
	GMAC LLC	SEMI-ANN. 6.875% 09/15/2011, 865,000		829,147		887,229
	GMAC LLC	SEMI-ANN. 8.000% 11/01/2031, 2,000,000		1,923,820		2,296,136
	GMAC LLC	SEMI-ANN. 7.250% 03/02/2011, 384,000		372,435		399,335
	GMAC LLC	SEMI-ANN. 8.000% 11/01/2031, 244,000		256,810		280,128
	GOLDMAN SACHS & CO.	5.36%, 01/02/07		1,939,780		1,939,780
	GOLDMAN SACHS & CO.	5.32%, 01/02/07		328,876		328,876
	GOLDMAN SACHS & CO.	5.36%, 01/02/07		13,239,344		13,239,344
	GOLDMAN SACHS & CO.	5.32%, 01/02/07		2,244,639		2,244,639
	GOLDMAN SACHS GROUP INC	SEMI-ANN. 7.200% 03/01/2007, 6,400,000		6,424,074		6,418,131
	GOLDMAN SACHS GROUP INC	SEMI-ANN. 4.750% 07/15/2013, 907,000		845,554		875,519
	GOLDMAN SACHS GROUP INC	SEMI-ANN. 5.000% 01/15/2011, 195,000		188,951		193,363
	GOLDMAN SACHS GROUP LP	SEMI-ANN. 4.500% 06/15/2010, 286,000		274,305		279,919
	GOLDMAN SACHS GROUP, INC	5.48%, 12/26/08		242,473		242,473
	GOLDMAN SACHS GROUP, INC	5.41%, 12/28/07		484,945		484,945
	GOLDMAN SACHS GROUP, INC	5.47%, 12/28/07		48,495		48,495
	GOLDMAN SACHS GROUP, INC	5.47%, 12/28/07		193,978		193,978
	GOLDMAN SACHS GROUP, INC	5.43%, 03/07/07		484,945		484,945
	GOLDMAN SACHS GROUP, INC	5.42%, 12/28/07		193,978		193,978
	GOLDMAN SACHS GROUP, INC	5.43%, 03/07/07		3,309,836		3,309,836
	GOLDMAN SACHS GROUP, INC	5.41%, 12/28/07		3,309,836		3,309,836
	GOLDMAN SACHS GROUP, INC	5.47%, 12/28/07		1,654,918		1,654,918
	GOLDMAN SACHS GROUP, INC	5.42%, 12/28/07		1,323,934		1,323,934
	GOLDMAN SACHS GROUP, INC	5.48%, 12/26/08		1,654,918		1,654,918
	GOLDMAN SACHS GRP, INC ZCP	0.000% 05/23/2007, 5,500,000		5,388,274		5,388,274
	GOODMAN GLOBAL HLDGS	SEMI-ANN. FLOATING 06/15/2012, 367,000		367,841		372,505
	GOODMAN GLOBAL HLDGS	SEMI-ANN. 7.875% 12/15/2012, 500,000		484,985		491,250
	GOODYEAR TIRE & RUBBER CO	SEMI-ANN. FLOATING 03/01/2011, 869,000		944,668		960,245
	GOODYEAR TIRE & RUBBER CO	SEMI-ANN. 6.375% 03/15/2008, 373,000		363,771		371,601
	GOTHAM FDG CORP	0.000% 01/04/2007, 5,500,000		5,497,585		5,497,585
	GRAHAM PACKAGING CO	SEMI-ANN. 9.875% 10/15/2014, 750,000		739,399		757,500
	GRAPHIC PACKAGING INTL INC	SEMI-ANN. 8.500% 08/15/2011, 110,000		109,752		113,850
	GRAPHIC PACKAGING INTL INC	SEMI-ANN. 9.500% 08/15/2013, 750,000		758,958		791,250
	GREAT LAKES DREDGE & DOCKS CORP	SEMI-ANN. 7.750% 12/15/2013, 166,000		153,801		161,850
	GREAT WEST LIFE	0.000% 02/15/2007, 2,700,000		2,682,214		2,682,214
	GREAT WEST LIFE	0.000% 02/26/2007, 2,435,000		2,415,038		2,415,038
	GREYHAWK FDG LLC DISC RESTRICTED	0.000% 03/20/2007, 5,500,000		5,437,676		5,437,676
	GROHE HOLDINGS	SEMI-ANN. 8.625% 10/01/2014, 1,250,000		1,552,338		1,699,660
	GSAA 2005-15 2A1	5.44%, 12/26/07		12,023		12,023

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	CORPORATE DEBT INSTRUMENTS — (continued):
	GSAA 2005-15 2A1	5.44%, 12/26/07		82,059		82,059
	GSAA 2005-5 A-1	5.44%, 04/27/07		20		20
	GSAA 2005-5 A-1	5.44%, 04/27/07		135		135
	GSAA 2005-6 A-1	5.34%, 05/25/07		34,994		34,994
	GSAA 2005-6 A-1	5.34%, 05/25/07		238,842		238,842
	GSAA 2006 19 A1	5.44%, 11/24/08		375,960		375,960
	GSAA 2006 19 A1	5.44%, 11/24/08		2,565,991		2,565,991
	HARBORVIEW MORTGAGE LOAN TRUST	MONTHLY FLOATING 02/25/2036, 1,157,847		1,148,347		1,159,149
	HARRAHS OPERATING CO INC	SEMI-ANN. 5.625% 06/01/2015, 500,000		428,453		428,824
	HARRAHS OPERATING CO INC	SEMI-ANN. 6.500% 06/01/2016, 250,000		223,826		223,838
	HARRY & DAVID OPERATIONS CORP	SEMI-ANN. 9.000% 03/01/2013, 319,000		290,963		311,185
	HASC 2006 OPT1 2A1	5.43%, 02/01/08		90,536		90,536
	HASC 2006 OPT1 2A1	5.43%, 02/01/08		617,926		617,926
	HASC 2006 OPT2 IIA1	5.43%, 02/28/08		127,824		127,824
	HASC 2006 OPT2 IIA1	5.43%, 02/28/08		872,421		872,421
	HBOS TREASURY SERV P	0.000% 02/01/2007, 5,500,000		5,475,159		5,475,159
	HBOS TREASURY SERV PLC ZCP	0.000% 03/20/2007, 3,500,000		3,460,150		3,460,150
	HBOS TREASURY SERVICES PLC	5.40%, 01/29/08		72,742		72,742
	HBOS TREASURY SERVICES PLC	5.40%, 01/29/08		496,475		496,475
	HCA INC	SEMI-ANN. 6.375% 01/15/2015, 250,000		204,502		211,875
	HCA INC	SEMI-ANN. 9.250% 11/15/2016, 500,000		520,703		535,625
	HCA INC	SEMI-ANN. 9.625% 11/15/2016, 500,000		518,990		537,500
	HCA INC	SEMI-ANN. 9.125% 11/15/2014, 70,000		70,000		74,812
	HCA INC	SEMI-ANN. 9.250% 11/15/2016, 510,000		510,700		546,337
	HCA INC	SEMI-ANN. 9.625% 11/15/2016, 550,000		561,163		591,250
	HEAT 2005-4 2A1	5.44%, 06/25/07		8,113		8,113
	HEAT 2005-4 2A1	5.44%, 06/25/07		55,372		55,372
	HEAT 2005-6 2A1	5.47%, 08/31/07		45,151		45,151
	HEAT 2005-6 2A1	5.47%, 08/31/07		308,163		308,163
	HEAT 2006-1 2A1	5.43%, 01/04/08		58,766		58,766
	HEAT 2006-1 2A1	5.43%, 01/04/08		401,085		401,085
	HELLAS TELECOM FINANCE	QUARTERLY FLOATING 04/15/2014, 514,490		646,418		694,122
	HERTZ CORP	SEMI-ANN. 10.500% 01/01/2016, 500,000		532,054		550,000
	HERTZ CORP	SEMI-ANN. 8.875% 01/01/2014, 750,000		771,029		785,625
	HEXION U S FIN CORP	SEMI-ANN. 9.750% 11/15/2014, 500,000		501,511		506,875
	HONDA AUTO RECEIVABLES 2006-3 OWNER	MONTHLY 5.341% 11/15/2007, 3,398,451		3,398,451		3,398,124
	HONDA AUTO RECEIVABLES OWNER TRUST 2005-1 CL A3	MONTHLY 3.530% 10/21/2008, 638,577		633,738		634,189
	HONDA AUTO RECEIVABLES OWNER TRUST 43811UAC6	MONTHLY 2.910% 10/20/2008, 216,715		214,333		214,588
	HOST MARRIOTT L P	SEMI-ANN. 7.000% 08/15/2012, 529,000		524,748		536,935
	HOUGHTON MIFFLIN CO	SEMI-ANN. 7.200% 03/15/2011, 86,000		86,385		86,860

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	CORPORATE DEBT INSTRUMENTS — (continued):
	HOUSEHOLD FINANCE CORP	SEMI-ANN. 4.125% 11/16/2009, 91,000		86,994		88,471
	HOUSEHOLD FINANCE CORP	SEMI-ANN. 7.000% 05/15/2012, 757,000		796,699		816,187
	HOVNANIAN K ENTERPRISE INC	SEMI-ANN. 8.625% 01/15/2017, 375,000		399,763		399,375
	HSBC CAP	SEMI-ANN. FLOATING 12/31/2049, 293,000		263,488		272,876
	HSBC FINANCE CORP	5.34%, 01/29/08		223,075		223,075
	HSBC FINANCE CORP	SEMI-ANN. 7.875% 03/01/2007, 2,500,000		2,511,901		2,509,505
	HSBC FINANCE CORP	SEMI-ANN. 6.750% 05/15/2011, 279,000		289,553		295,277
	HSBC FINANCE CORP	5.34%, 01/29/08		1,522,524		1,522,524
	HSBC FINANCE CORP	0.000% 03/08/2007, 5,500,000		5,447,466		5,447,466
	HSBC FINANCE CORP NT	QUARTERLY FLOATING 05/21/2008, 1,600,000		1,600,000		1,600,045
	HYUNDAI AUTO RECEIVABLES TRUST 2006-B A-1	MONTHLY 5.347% 11/15/2007, 1,446,139		1,446,139		1,446,060
	IDEARC INC	SEMI-ANN. 8.000% 11/15/2016, 750,000		763,267		761,250
	IMPRESS HOLDINGS BV	SEMI-ANN. 9.250% 09/15/2014, 750,000		938,688		1,011,538
	INEOS GROUP HLDGS	SEMI-ANN. 7.875% 02/15/2016, 1,000,000		1,194,863		1,260,698
	ING (US) FUNDING LLC	0.000% 05/11/2007, 5,500,000		5,397,119		5,397,119
	ING (US) FUNDING LLC ZCP	0.000% 01/22/2007, 8,000,000		7,975,523		7,975,523
	INMARSAT FINANCE	SEMI-ANN. FLOATING 11/15/2012, 253,000		220,949		233,076
	INTELSAT	SEMI-ANN. 8.250% 01/15/2013, 592,000		587,899		600,880
	INTELSAT BERMUDA	SEMI-ANN. 11.250% 06/15/2016, 250,000		265,556		274,375
	INTELSAT LTD	SEMI-ANN. 7.625% 04/15/2012, 250,000		214,167		233,125
	INTESA FUNDING LLC	0.000% 03/28/2007, 5,000,000		4,937,769		4,937,769
	INTL LEASE FIN CORP	0.000% 01/25/2007, 4,700,000		4,683,519		4,683,519
	INTL LEASE FIN CORP	0.000% 03/01/2007, 5,500,000		5,453,083		5,453,083
	INVISTA	SEMI-ANN. 9.250% 05/01/2012, 1,723,000		1,801,785		1,847,918
	IRISH LIFE AND PERMANENT PLC	5.36%, 01/29/08		252,176		252,176
	IRISH LIFE AND PERMANENT PLC	5.36%, 01/29/08		1,721,142		1,721,142
	ISLANDSBANKI HF CORP	5.42%, 03/22/07		193,978		193,978
	ISLANDSBANKI HF CORP	5.71%, 03/22/07		484,601		484,601
	ISLANDSBANKI HF CORP	5.42%, 03/22/07		1,323,934		1,323,934
	ISLANDSBANKI HF CORP	5.71%, 03/22/07		3,307,485		3,307,485
	ISLE OF CAPRI CASINOS INC	SEMI-ANN. 9.000% 03/15/2012, 457,000		475,247		477,565
	ITT CORP	SEMI-ANN. 7.375% 11/15/2015, 443,000		446,146		453,542
	JACKSON NATIONAL LIFE	5.475%, 04/11/07		727,418		727,418
	JACKSON NATIONAL LIFE	5.47%, 04/11/07		4,964,754		4,964,754
	JAFRA COSMETICS INTL INC	SEMI-ANN. 10.750% 05/15/2011, 524,000		558,099		560,025
	JEAN COUTU GROUP	SEMI-ANN. 7.625% 08/01/2012, 250,000		241,901		263,125
	JEFFERSON SMURFIT CORP U S	SEMI-ANN. 8.250% 10/01/2012, 500,000		473,438		487,500
	JOHN DEERE CAPITAL CORP	SEMI-ANN. 6.000% 02/15/2009, 342,000		344,427		346,586
	JOHN DEERE CAPITAL CORP	SEMI-ANN. 7.000% 03/15/2012, 366,000		386,430		391,670
	JOHNSON DIVERSEY	SEMI-ANN. FLOATING 05/15/2013, 500,000		429,990		482,500

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	CORPORATE DEBT INSTRUMENTS — (continued):
	JOHNSON DIVERSEY	SEMI-ANN. 9.625% 05/15/2012, 750,000		753,444		785,625
	JSG FUNDING	SEMI-ANN. 7.750% 04/01/2015, 500,000		596,297		665,491
	K2 USA LLC VAR	MONTHLY FLOATING 06/15/2007, 6,600,000		6,599,409		6,600,086
	K2(USA)LLC	5.38%, 01/24/08		223,061		223,061
	K2(USA)LLC	5.39%, 02/15/08		111,502		111,502
	K2(USA)LLC	5.395%, 02/15/08		77,567		77,567
	K2(USA)LLC	5.38%, 01/24/08		1,522,433		1,522,433
	K2(USA)LLC	5.39%, 02/15/08		761,024		761,024
	K2(USA)LLC	5.39%, 02/15/08		529,408		529,408
	KANSAS CITY SOUTHERN RY	SEMI-ANN. 9.500% 10/01/2008, 851,000		882,461		889,295
	KAUPTHING BANK	SEMI-ANN. 5.750% 10/04/2011, 260,000		258,643		259,718
	KAUPTHING BANK	SEMI-ANN. 7.125% 05/19/2016, 2,923,000		2,925,283		3,100,356
	KAUPTHING BANK	QUARTERLY FLOATING 04/12/2011, 1,765,000		1,765,852		1,777,307
	KAUPTHING BANK HF	5.41%, 04/20/07		460,698		460,698
	KAUPTHING BANK HF	5.41%, 04/20/07		3,144,344		3,144,344
	KERR MCGEE CORP	SEMI-ANN. 6.950% 07/01/2024, 250,000		269,804		266,252
	KEYSTONE AUTOMOTIVE OPERATIONS INC	SEMI-ANN. 9.750% 11/01/2013, 125,000		119,554		123,750
	KOMMUNALKREDIT AUSTRIA AG	5.37%, 01/26/07		478,734		478,734
	KOMMUNALKREDIT AUSTRIA AG	5.37%, 01/26/07		3,267,442		3,267,442
	KONINKLIJKE KPN NV	SEMI-ANN. 8.000% 10/01/2010, 830,000		881,479		895,557
	KRAFT FOODS INC	SEMI-ANN. 5.250% 06/01/2007, 900,000		896,540		899,295
	KRAFT FOODS INC	SEMI-ANN. 5.625% 11/01/2011, 199,000		196,150		201,115
	L-3 COMMUNICATIONS CORP	SEMI-ANN. 6.375% 10/15/2015, 750,000		721,577		742,500
	LANDRYS RESTAURANTS	SEMI-ANN. 7.500% 12/15/2014, 750,000		706,230		733,125
	LANDSBANKI ISLAND	SEMI-ANN. 6.100% 08/25/2011, 1,560,000		1,559,618		1,586,005
	LANDSBANKI ISLANDS HF	5.43%, 03/16/07		387,956		387,956
	LANDSBANKI ISLANDS HF	5.43%, 03/16/07		2,647,869		2,647,869
	LASALLE BK MIDWEST NA TROY MI FR	4.700% 01/10/2007, 4,000,000		4,000,000		3,999,728
	LBMLT 06 8 2A1	5.39%, 09/19/08		354,985		354,985
	LBMLT 06 8 2A1	5.39%, 09/19/08		2,422,836		2,422,836
	LBMLT 06-II-A1	5.43%, 02/07/08		83,711		83,711
	LBMLT 06-II-A1	5.43%, 02/07/08		571,345		571,345
	LBMLT 06-WL2	5.43%, 01/30/08		6,270		6,270
	LBMLT 06-WL2	5.43%, 01/30/08		42,794		42,794
	LBMLT 06-WL3	5.43%, 01/30/08		39,357		39,357
	LBMLT 06-WL3	5.43%, 01/30/08		268,617		268,617
	LB-UBS COMMERCIAL MTG TRUST SER 2005-C5 CL A4	MONTHLY 4.954% 09/15/2030, 3,279,000		3,072,098		3,198,038
	LEGRAND PROMESSE	SEMI-ANN. 8.500% 02/15/2025, 250,000		288,680		287,500
	LEHMAN BROS HLDGS INC	SEMI-ANN. 6.625% 01/18/2012, 453,000		469,187		478,634
	LEHMAN BROS HLDGS INC	SEMI-ANN. 7.000% 02/01/2008, 146,000		148,655		148,468

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	CORPORATE DEBT INSTRUMENTS — (continued):
	LEHMAN BROS HLDGS INC	SEMI-ANN. 4.000% 01/22/2008, 460,000		451,280		453,663
	LEHMAN BROS HLDGS INC MTN BE VR	QUARTERLY FLOATING 04/02/2008, 4,000,000		4,001,398		4,003,780
	LEHMAN HOLDINGS	5.43%, 05/29/08		242,473		242,473
	LEHMAN HOLDINGS	5.43%, 12/30/08		601,332		601,332
	LEHMAN HOLDINGS	5.43%, 05/29/08		1,654,918		1,654,918
	LEHMAN HOLDINGS	5.43%, 12/30/08		4,104,197		4,104,197
	LIN TELEVISION CORP	SEMI-ANN. 6.500% 05/15/2013, 500,000		464,464		476,250
	LINKS FINANCE LLC	5.36%, 01/11/08		872,805		872,805
	LINKS FINANCE LLC	5.37%, 01/25/08		87,285		87,285
	LINKS FINANCE LLC	5.36%, 01/11/08		5,957,058		5,957,058
	LINKS FINANCE LLC	5.37%, 01/25/08		595,733		595,733
	LUCENT TECHNOLOGIES	SEMI-ANN. 5.500% 11/15/2008, 441,000		432,292		436,590
	LUCENT TECHNOLOGIES	SEMI-ANN. 6.450% 03/15/2029, 1,306,000		1,114,401		1,204,785
	LUCENT TECHNOLOGIES	SEMI-ANN. 8.000% 08/01/2031, 567,000		568,390		567,000
	LYONDELL CHEMICAL CO	SEMI-ANN. 10.500% 06/01/2013, 491,000		536,560		540,100
	M&I MARSHALL&ILSLEY BK MIL MTN VR	QUARTERLY FLOATING 02/15/2008, 2,500,000		2,499,210		2,499,368
	MABS 2006-NC1 A1	5.43%, 02/25/08		80,084		80,084
	MABS 2006-NC1 A1	5.43%, 02/25/08		546,588		546,588
	MACDERMID INC	SEMI-ANN. 9.125% 07/15/2011, 353,000		367,313		367,120
	MACQUARIE BANK LTD	5.37%, 01/29/08		252,156		252,156
	MACQUARIE BANK LTD	5.37%, 01/29/08		1,721,012		1,721,012
	MAGNACHIP SEMICONDUCTOR	SEMI-ANN. 8.000% 12/15/2014, 250,000		209,992		167,500
	MAGNACHIP SEMICONDUCTOR	QUARTERLY FLOATING 12/15/2011, 226,000		215,734		194,360
	MARSULEX INC SR SUB NT	SEMI-ANN. 9.625% 07/01/2008, 158,000		157,703		158,000
	MASTR ADJUSTABLE RATE MTG TRUST 2006-2 3-A-1	MONTHLY FLOATING 01/25/2036, 1,916,358		1,868,904		1,895,325
	MASTR SPECIALIZED LOAN TRUST MTG PASS-THROUGH	MONTHLY 6.000% 08/25/2034, 1,588,329		1,574,250		1,588,055
	MBIA GLOBAL FUNDING LLC	5.35%, 11/28/07		484,945		484,945
	MBIA GLOBAL FUNDING LLC	5.35%, 11/28/07		3,309,836		3,309,836
	MBNA CREDIT CARD MASTER TRUST 2002-1 A	MONTHLY 4.950% 06/15/2009, 4,120,000		4,112,468		4,120,225
	MBNA CREDIT CARD MASTER TRUST 2004-A4 CL A4 A	MONTHLY 2.700% 09/15/2009, 1,340,000		1,318,226		1,330,352
	MECACHROME INTL INC	SEMI-ANN. 9.000% 05/15/2014, 250,000		316,048		323,696
	MEDIANEWS GROUP INC	SEMI-ANN. 6.875% 10/01/2013, 250,000		229,577		226,250
	MERRILL LYNCH & CO FR MTN	QUARTERLY FLOATING 01/26/2007, 7,000,000		7,000,528		7,000,784
	MERRILL LYNCH & CO INC	SEMI-ANN. 6.375% 10/15/2008, 258,000		261,659		262,608
	MERRILL LYNCH & CO INC	SEMI-ANN. 3.125% 07/15/2008, 300,000		287,756		290,589
	MERRILL LYNCH & CO INC	SEMI-ANN. 3.375% 09/14/2007, 426,000		418,503		420,387
	MERRILL LYNCH AND COMPANY	5.39%, 08/22/07		242,473		242,473
	MERRILL LYNCH AND COMPANY	5.39%, 10/27/08		731,027		731,027
	MERRILL LYNCH AND COMPANY	5.39%, 08/22/07		1,654,918		1,654,918
	MERRILL LYNCH AND COMPANY	5.39%, 10/27/08		4,989,387		4,989,387

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	CORPORATE DEBT INSTRUMENTS — (continued):
	MERRILL LYNCH MORTGAGE TRUST	MONTHLY FLOATING 11/12/2037, 2,923,000		2,804,107		2,918,277
	METLIFE INS CO OF CT	5.42%, 12/17/07		213,376		213,376
	METLIFE INS CO OF CT	5.42%, 04/30/07		484,945		484,945
	METLIFE INS CO OF CT	5.42%, 04/30/07		3,309,836		3,309,836
	METLIFE INS CO OF CT	5.42%, 12/17/07		1,456,328		1,456,328
	METROPOLITAN LIFE GLOBAL FUNDING	5.44%, 01/29/08		339,462		339,462
	METROPOLITAN LIFE GLOBAL FUNDING	5.44%, 01/29/08		2,316,885		2,316,885
	METROPOLITAN LIFE INSURANCE COMPANY	5.41%, 02/01/07		358,859		358,859
	METROPOLITAN LIFE INSURANCE COMPANY	5.415%, 05/01/07		339,462		339,462
	METROPOLITAN LIFE INSURANCE COMPANY	5.41%, 02/01/07		2,449,279		2,449,279
	METROPOLITAN LIFE INSURANCE COMPANY	5.41%, 05/01/07		2,316,885		2,316,885
	MGM MIRAGE INC	SEMI-ANN. 6.625% 07/15/2015, 1,000,000		936,185		952,500
	MGM MIRAGE INC	SEMI-ANN. 6.750% 09/01/2012, 537,000		518,490		528,945
	MGM MIRAGE INC	SEMI-ANN. 8.500% 09/15/2010, 465,000		480,882		497,550
	MICHAELS STORES INC	SEMI-ANN. 10.000% 11/01/2014, 500,000		513,603		520,000
	MICHAELS STORES INC	SEMI-ANN. 11.375% 11/01/2016, 250,000		259,869		260,625
	MILLICOM INTERNATIONAL CELLULAR	SEMI-ANN. FLOATING 12/01/2013, 964,000		1,067,409		1,050,760
	MIRAGE RESORTS INC	SEMI-ANN. 8.375% 02/01/2011, 290,000		296,462		300,875
	MIRANT NORTH AMER LLC	SEMI-ANN. 7.375% 12/31/2013, 625,000		609,639		634,375
	MISSION ENERGY HOLDING COMPANY	SEMI-ANN. 13.500% 07/15/2008, 500,000		544,310		551,250
	MLMI 2006 WMC1 A2A	5.43%, 02/14/08		20,902		20,902
	MLMI 2006 WMC1 A2A	5.43%, 02/14/08		142,660		142,660
	MOHEGAN TRIBAL GAMING	SEMI-ANN. 6.375% 07/15/2009, 411,000		401,984		411,000
	MOHEGAN TRIBAL GAMING	SEMI-ANN. 7.125% 08/15/2014, 461,000		446,937		467,339
	MOHEGAN TRIBAL GAMING	SEMI-ANN. 8.000% 04/01/2012, 70,000		71,039		72,888
	MOMENTIVE PERFORMANCE	SEMI-ANN. 11.500% 12/01/2016, 500,000		493,805		490,000
	MOMENTIVE PERFORMANCE	SEMI-ANN. 9.750% 12/01/2014, 750,000		750,000		750,000
	MOMENTIVE PERFORMANCE	SEMI-ANN. 10.125% 12/01/2014, 250,000		250,000		251,250
	MONUMENTAL GLOB FUND II	SEMI-ANN. 3.450% 11/30/2007, 2,950,000		2,905,382		2,894,395
	MONUMENTAL GLOBAL FUNDING II	5.36%, 04/25/08		484,945		484,945
	MONUMENTAL GLOBAL FUNDING II	5.36%, 04/25/08		3,309,836		3,309,836
	MORGAN STANLEY	5.48%, 01/19/07		242,473		242,473
	MORGAN STANLEY	5.48%, 01/19/07		242,473		242,473
	MORGAN STANLEY	5.48%, 01/19/07		242,473		242,473
	MORGAN STANLEY	5.49%, 01/29/08		969,890		969,890
	MORGAN STANLEY	5.365%, 01/02/07		2,909,671		2,909,671
	MORGAN STANLEY	QUARTERLY FLOATING 01/18/2008, 4,000,000		4,005,054		4,005,996
	MORGAN STANLEY	SEMI-ANN. 3.625% 04/01/2008, 305,000		296,863		298,828
	MORGAN STANLEY	SEMI-ANN. 4.750% 04/01/2014, 649,000		596,549		620,526
	MORGAN STANLEY	SEMI-ANN. 5.625% 01/09/2012, 1,080,000		1,077,932		1,097,798

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	CORPORATE DEBT INSTRUMENTS — (continued):
	MORGAN STANLEY	5.36%, 01/02/07		19,859,016		19,859,016
	MORGAN STANLEY	5.48%, 01/19/07		4,964,754		4,964,754
	MORGAN STANLEY	5.49%, 01/29/08		6,619,672		6,619,672
	MORGAN STANLEY CAP I INC SER 2005-HQ6 CL A4A	MONTHLY 4.989% 08/13/2042, 1,549,000		1,453,720		1,513,354
	MORGAN STANLEY CORPORATE	0.000% 03/06/2007, 5,000,000		4,953,422		4,953,422
	MORGAN STANLEY MORTGAGE LOAN TRUST	MONTHLY FLOATING 08/25/2034, 4.215%, 2,218,399		2,207,812		2,214,062
	MORGAN STANLEY MORTGAGE LOAN TRUST	MONTHLY FLOATING 07/25/2035, 2,657,813		2,640,807		2,667,543
	MORGAN STANLEY MORTGAGE LOAN TRUST	MONTHLY FLOATING 06/25/2036, 3,757,364		3,725,947		3,750,883
	MUELLER GROUP INC	SEMI-ANN. 10.000% 05/01/2012, 479,000		511,855		520,913
	MUELLER HLDGS N A INC	SEMI-ANN. FLOATING 04/15/2014, 500,000		432,046		450,000
	MUFG CAPITAL FINANCE	SEMI-ANN. FLOATING 12/31/2049, 474,000		457,568		481,057
	NATEXIS BANQUES POPULAIRES	5.36%, 11/15/07		557,687		557,687
	NATEXIS BANQUES POPULAIRES	5.36%, 11/15/07		3,806,311		3,806,311
	NATEXIS BANQUES POPULAIRES NY	5.39%, 01/09/08		77,582		77,582
	NATEXIS BANQUES POPULAIRES NY	5.37%, 01/28/08		96,989		96,989
	NATEXIS BANQUES POPULAIRES NY	5.39%, 01/09/08		529,510		529,510
	NATEXIS BANQUES POPULAIRES NY	5.37%, 01/28/08		661,967		661,967
	NATIONAL BEEF PACKING CO LLC	SEMI-ANN. 10.500% 08/01/2011, 250,000		257,995		263,750
	NATIONAL CITY BANK CLEVELAND	5.39%, 06/01/07		193,959		193,959
	NATIONAL CITY BANK CLEVELAND	5.365%, 12/05/07		242,449		242,449
	NATIONAL CITY BANK CLEVELAND	5.375%, 02/13/08		484,884		484,884
	NATIONAL CITY BANK CLEVELAND	5.39%, 06/01/07		1,323,805		1,323,805
	NATIONAL CITY BANK CLEVELAND	5.36%, 12/05/07		1,654,758		1,654,758
	NATIONAL CITY BANK CLEVELAND	5.37%, 02/13/08		3,309,421		3,309,421
	NATIONWIDE BUILDING SOCIETY	5.38%, 01/29/08		106,688		106,688
	NATIONWIDE BUILDING SOCIETY	5.34%, 01/29/08		96,993		96,993
	NATIONWIDE BUILDING SOCIETY	5.32%, 01/29/08		242,596		242,596
	NATIONWIDE BUILDING SOCIETY	5.38%, 01/29/08		728,164		728,164
	NATIONWIDE BUILDING SOCIETY	5.34%, 01/29/08		661,991		661,991
	NATIONWIDE BUILDING SOCIETY	5.32%, 01/29/08		1,655,762		1,655,762
	NEENAH CORP144A NEENAH FOUNDRY CO	SEMI-ANN. 11.000% 09/30/2010, 597,000		639,153		652,223
	NEIMAN-MARCUS GROUP INC	SEMI-ANN. 10.375% 10/15/2015, 750,000		799,650		834,375
	NELL AF SARL	SEMI-ANN. 8.375% 08/15/2015, 1,000,000		972,777		1,027,500
	NESTLE CAP CORP	0.000% 02/21/2007, 5,500,000		5,459,561		5,459,561
	NEW YORK LIFE GL FUNDING	5.36%, 12/26/08		484,945		484,945
	NEW YORK LIFE GL FUNDING	5.36%, 12/26/08		3,309,836		3,309,836
	NEW YORK LIFE INSURANCE	5.423%, 03/29/07		193,978		193,978
	NEW YORK LIFE INSURANCE	5.43%, 03/29/07		1,323,934		1,323,934
	NEWFIELD EXPLORATION CO	SEMI-ANN. 6.625% 04/15/2016, 500,000		478,598		497,500
	NEWFIELD EXPLORATION CO	SEMI-ANN. 7.625% 03/01/2011, 28,000		28,312		29,330

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	CORPORATE DEBT INSTRUMENTS — (continued):
	NEWPAGE CORP	SEMI-ANN. 10.000% 05/01/2012, 250,000		263,534		263,750
	NEWS AMERICA INC	SEMI-ANN. 6.200% 12/15/2034, 80,000		72,672		77,217
	NIELSEN FINANCE LLC/CO	SEMI-ANN. 10.000% 08/01/2014, 750,000		752,668		812,813
	NIELSEN FINANCE LLC/CO	FLOATING 08/01/2016, 1,000,000		546,860		688,750
	NORCROSS SAFETY PRODS LLC SR SB	SEMI-ANN. 9.875% 08/15/2011, 375,000		388,345		399,375
	NORDEA BANK NEW YORK	5.32%, 01/03/07		116,383		116,383
	NORDEA BANK NEW YORK	5.32%, 01/03/07		794,335		794,335
	NORDEA NORTH AMER. I	0.000% 01/18/2007, 4,500,000		4,488,823		4,488,823
	NORDIC TELEPHONE COMPANY HOLDING	SEMI-ANN. 8.875% 05/01/2016, 750,000		772,269		802,500
	NORSKE SKOG OF CANADA	SEMI-ANN. 7.375% 03/01/2014, 250,000		235,942		236,875
	NORTEK INC	SEMI-ANN. 8.500% 09/01/2014, 1,250,000		1,217,903		1,225,000
	NORTEL NETWORKS CORP	SEMI-ANN. 4.250% 09/01/2008, 1,416,000		1,353,313		1,369,980
	NORTEL NETWORKS LIMITED	SEMI-ANN. 10.125% 07/15/2013, 500,000		507,555		540,000
	NORTHWEST PIPE CO	SEMI-ANN. 7.125% 12/01/2025, 685,000		659,137		694,419
	NORTHWEST PIPELINE CORP	SEMI-ANN. 8.125% 03/01/2010, 349,000		361,060		363,396
	NOVELIS INC	SEMI-ANN. FLOATING 02/15/2015, 500,000		484,650		483,750
	NRG ENERGY INC	SEMI-ANN. 7.250% 02/01/2014, 470,000		459,022		473,525
	NRG ENERGY INC	SEMI-ANN. 7.375% 02/01/2016, 870,000		849,380		874,350
	NTK HLDGS INC	SEMI-ANN. FLOATING 03/01/2014, 750,000		560,536		525,000
	NXP BV	SEMI-ANN. 7.875% 10/15/2014, 250,000		250,000		258,438
	NXP BV	SEMI-ANN. 9.500% 10/15/2015, 500,000		506,206		512,500
	OMI TRUST 2002-B A-IO	MONTHLY 6.000% 05/15/2010, 307,451		41,449		43,225
	ONCOR ELECTRIC DELIVERY CO	SEMI-ANN. 6.375% 01/15/2015, 185,000		185,516		190,694
	ONO FINANCE II PLC	SEMI-ANN. 8.000% 05/16/2014, 750,000		918,713		1,024,840
	OOMLT 2006-2 2A1	5.40%, 06/27/08		171,673		171,673
	OOMLT 2006-2 2A1	5.40%, 06/27/08		1,171,697		1,171,697
	OPTI CANADA INC	SEMI-ANN. 8.250% 12/15/2014, 188,000		188,000		193,170
	OWENS-BROCKWAY GLASS	SEMI-ANN. 7.750% 05/15/2011, 192,000		193,293		197,280
	OWENS-BROCKWAY GLASS	SEMI-ANN. 8.250% 05/15/2013, 296,000		296,686		305,990
	OWENS-BROCKWAY GLASS	SEMI-ANN. 8.750% 11/15/2012, 500,000		519,020		530,000
	OWENS-BROCKWAY GLASS	SEMI-ANN. 8.875% 02/15/2009, 51,000		52,240		52,148
	OWENS-ILLINOIS INC	SEMI-ANN. 7.350% 05/15/2008, 34,000		34,188		34,213
	PANAMSAT CORP	SEMI-ANN. 9.000% 08/15/2014, 368,000		373,181		388,700
	PANOLAM INDUSTRIES INTL	SEMI-ANN. 10.750% 10/01/2013, 451,000		438,400		474,678
	PARADIGM FDG LLC	0.000% 03/28/2007, 5,500,000		5,431,941		5,431,941
	PARK PLACE ENTERTAINMENT	SEMI-ANN. 8.125% 05/15/2011, 56,000		58,702		58,590
	PARK PLACE ENTERTAINMENT	SEMI-ANN. 8.875% 09/15/2008, 547,000		568,166		570,248
	PARK PLACE ENTERTAINMENT	SEMI-ANN. 9.375% 02/15/2007, 1,176,000		1,180,080		1,178,940
	PARK SIENNA, LL	5.41%, 01/18/07		676,179		676,179
	PARK SIENNA, LL	5.41%, 01/18/07		4,615,038		4,615,038

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	CORPORATE DEBT INSTRUMENTS — (continued):
	PARKER DRILLING CO	SEMI-ANN. 9.625% 10/01/2013, 877,000		946,420		961,411
	PECO ENERGY TRANSITION TRUST	SEMI-ANN. 6.050% 03/01/2009, 1,558,967		1,563,109		1,560,954
	PERRY FDG CORP SER NJ ED	0.000% 02/09/2007, 5,500,000		5,468,183		5,468,183
	PHILLIPS PETROLEUM	SEMI-ANN. 8.750% 05/25/2010, 628,000		693,954		695,874
	PINNACLE FOODS INC	SEMI-ANN. 8.250% 12/01/2013, 750,000		738,209		767,813
	PLY GEM INDUSTRIES INC	SEMI-ANN. 9.000% 02/15/2012, 500,000		424,759		425,000
	POGO PRODUCING CO	SEMI-ANN. 6.875% 10/01/2017, 637,000		592,103		608,335
	POLYPORE INTERNATIONAL INC	SEMI-ANN. 8.750% 05/15/2012, 375,000		453,980		492,022
	POLYPORE INTERNATIONAL INC	SEMI-ANN. FLOATING 10/01/2012, 250,000		180,921		198,750
	PQ CORP	SEMI-ANN. FLOATING 02/15/2013, 500,000		480,151		492,500
	PREGIS CORP	SEMI-ANN. 12.375% 10/15/2013, 375,000		396,619		405,938
	PRICOA GLOBAL FUNDING I	5.405, 12/28/07		193,978		193,978
	PRICOA GLOBAL FUNDING I	5.36%, 05/23/08		164,881		164,881
	PRICOA GLOBAL FUNDING I	5.40%, 12/28/07		1,323,934		1,323,934
	PRICOA GLOBAL FUNDING I	5.36%, 05/23/08		1,125,344		1,125,344
	PRIDE INTERNATIONAL INC	SEMI-ANN. 7.375% 07/15/2014, 407,000		408,909		420,228
	PRIME MORTGAGE TRUST 2005-5 I-A-3	MONTHLY 8.000% 07/25/2034, 3,105,756		3,157,273		3,221,737
	PRIMEDIA INC	SEMI-ANN. 8.000% 05/15/2013, 500,000		472,186		483,750
	PROGRESS ENERGY INC	SEMI-ANN. 7.100% 03/01/2011, 226,000		235,825		240,679
	PROTECTIVE LIFE INSURANCE COMPANY	5.45%, 01/29/08		387,956		387,956
	PROTECTIVE LIFE INSURANCE COMPANY	5.45%, 01/29/08		2,647,869		2,647,869
	PRUDENTIAL FDG CORP	0.000% 01/29/2007, 8,650,000		8,614,814		8,614,814
	PRUDENTIAL FDG CORP	0.000% 03/23/2007, 5,500,000		5,436,021		5,436,021
	QUEBECOR MEDIA INC	SEMI-ANN. 7.750% 03/15/2016, 500,000		490,510		510,625
	QUIKSILVER INC	SEMI-ANN. 6.875% 04/15/2015, 500,000		465,657		491,250
	QWEST COMMUNICATIONS INTL INC	SEMI-ANN. 7.250% 02/15/2011, 781,000		760,096		798,573
	QWEST COMMUNICATIONS INTL INC	SEMI-ANN. 7.500% 02/15/2014, 787,000		768,612		810,610
	QWEST COMMUNICATIONS INTL INC	SEMI-ANN. 7.500% 11/01/2008, 264,000		263,481		267,960
	QWEST CORPORATION	SEMI-ANN. FLOATING 03/15/2012, 214,000		224,742		238,343
	R.H. DONNELLEY CORP	SEMI-ANN. 8.875% 01/15/2016, 1,000,000		1,009,483		1,050,000
	RABOBANK CAP FD TRST III	SEMI-ANN. FLOATING 12/31/2049, 391,000		358,625		376,985
	RABOBANK CAP FDG	SEMI-ANN. 5.260% 12/31/2049, 56,000		52,593		54,765
	RABOBANK USA FINL CO	0.000% 01/22/2007, 6,400,000		6,380,419		6,380,419
	RAINBOW NATIONAL SERVICES LLC	SEMI-ANN. 8.750% 09/01/2012, 449,000		469,635		472,011
	RAINBOW NATL SRVCS LLC	SEMI-ANN. 10.375% 09/01/2014, 537,000		591,204		596,741
	RAMP05 EFC7 AI1	5.45%, 12/28/07		68,866		68,866
	RAMP05 EFC7 AI1	5.45%, 12/28/07		470,025		470,025
	RASC 05 KS12 A1	5.44%, 12/28/07		39,787		39,787
	RASC 05 KS12 A1	5.44%, 12/28/07		271,555		271,555
	RASC 06 KS4 A1	5.39%, 05/30/08		68,633		68,633

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	CORPORATE DEBT INSTRUMENTS — (continued):
	RASC 06 KS4 A1	5.39%, 05/30/08		468,433		468,433
	RAY ACQUISITION SC	SEMI-ANN. 9.375% 03/15/2015, 1,750,000		2,342,293		2,642,365
	RBS GLOBAL & REXNORD CORP	SEMI-ANN. 11.750% 08/01/2016, 500,000		502,043		522,500
	RBS GLOBAL & REXNORD CORP	SEMI-ANN. 9.500% 08/01/2014, 750,000		756,044		780,000
	REGENCY ENERGY PARTNERS LP	SEMI-ANN. 8.375% 12/15/2013, 250,000		251,238		250,625
	RENTAL SERVICE CORP	SEMI-ANN. 9.500% 12/01/2014, 375,000		375,000		387,188
	RESIDENTIAL CAPITAL CORP	SEMI-ANN. 6.125% 11/21/2008, 307,000		303,337		308,521
	REYNOLDS AMERICAN INC	SEMI-ANN. 7.875% 05/15/2009, 565,000		577,712		588,516
	RIDDELL BELL HLDGS	SEMI-ANN. 8.375% 10/01/2012, 375,000		368,003		366,563
	ROCKWOOD SPECIALTIES GROUP INC	SEMI-ANN. 7.625% 11/15/2014, 500,000		649,550		705,281
	ROGERS CABLE INC	SEMI-ANN. 7.875% 05/01/2012, 457,000		466,403		493,959
	ROGERS WIRELESS COMMUNICATIONS INC	SEMI-ANN. 9.625% 05/01/2011, 256,000		277,810		290,560
	SALLY HOLDINGS INC	SEMI-ANN. 10.500% 11/15/2016, 375,000		381,796		382,500
	SALLY HOLDINGS INC	SEMI-ANN. 9.250% 11/15/2014, 250,000		253,689		254,688
	SAN PAOLO US FINANCIAL	0.000% 02/28/2007, 8,000,000		7,932,527		7,932,527
	SAN PAOLO US FINANCIAL ZCP	0.000% 01/30/2007, 3,100,000		3,086,790		3,086,790
	SAN PASQUAL CASINO	SEMI-ANN. 8.000% 09/15/2013, 487,000		485,866		500,393
	SANTANDER CNTL HISPANO ZCP	0.000% 01/16/2007, 4,000,000		3,991,217		3,991,217
	SANTANDER FIN DEL INC DISC	0.000% 06/14/2007, 5,500,000		5,370,463		5,370,463
	SASC 06 EQ1A A2	5.41%, 07/17/08		37,457		37,457
	SASC 06 EQ1A A2	5.41%, 07/17/08		255,653		255,653
	SASC 06 WF3 A2	5.40%, 09/26/08		201,330		201,330
	SASC 06 WF3 A2	5.40%, 09/26/08		1,374,111		1,374,111
	SCALDIS CAPITAL LTD	0.000% 03/22/2007, 5,500,000		5,435,711		5,435,711
	SEALY MATTRESS CO	SEMI-ANN. 8.250% 06/15/2014, 500,000		500,000		522,500
	SELECT MEDICAL CORP	SEMI-ANN. 7.625% 02/01/2015, 250,000		220,193		207,500
	SENSATA TECHNOLOGIES	SEMI-ANN. 8.000% 05/01/2014, 500,000		487,089		480,000
	SEQUA CORP	SEMI-ANN. 8.875% 04/01/2008, 651,000		670,193		670,530
	SEQUA CORP	SEMI-ANN. 9.000% 08/01/2009, 791,000		827,467		846,370
	SGS INTL INC	SEMI-ANN. 12.000% 12/15/2013, 250,000		250,000		260,000
	SHINSEI FIN CAYMAN LTD	ANNUAL FLOATING 12/31/2049, 1,039,000		976,771		1,037,801
	SIGMA FIN INC MTN	SEMI-ANN. FLOATING 08/11/2016, 1,580,000		1,580,000		1,582,685
	SIGMA FINANCE INC.	5.37%, 01/17/08		67,892		67,892
	SIGMA FINANCE INC.	5.39%, 02/27/08		358,730		358,730
	SIGMA FINANCE INC.	5.39%, 08/15/08		387,763		387,763
	SIGMA FINANCE INC.	5.37%, 01/17/08		463,377		463,377
	SIGMA FINANCE INC.	5.39%, 02/27/08		2,448,394		2,448,394
	SIGMA FINANCE INC.	5.39%, 08/15/08		2,646,549		2,646,549
	SIMBA FUNDING CORP	0.000% 02/20/2007, 8,000,000		7,941,667		7,941,667
	SIMMONS CO	SEMI-ANN. FLOATING 12/15/2014, 250,000		189,746		196,250

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	CORPORATE DEBT INSTRUMENTS — (continued):
	SIMMONS CO	SEMI-ANN. 7.875% 01/15/2014, 250,000		235,642		253,125
	SKANDI NEW YORK	5.34%, 01/29/08		484,945		484,945
	SKANDI NEW YORK	5.34%, 01/29/08		3,309,836		3,309,836
	SLM CORP	SEMI-ANN. 3.625% 03/17/2008, 1,300,000		1,274,909		1,273,119
	SLM CORPORATION	5.49%, 12/26/08		242,472		242,472
	SLM CORPORATION	5.49%, 12/26/08		155,182		155,182
	SLM CORPORATION	5.49%, 12/26/08		2,714,065		2,714,065
	SOCIETE GEN NO AMER	0.000% 04/09/2007, 5,500,000		5,422,519		5,422,519
	SOCIETE GENERALE NY	MONTHLY FLOATING 03/28/2008, 7,500,000		7,497,060		7,501,748
	SOLO CUP	SEMI-ANN. 8.500% 02/15/2014, 500,000		446,104		432,500
	SOUTHERN NATURAL GAS CO	SEMI-ANN. 8.000% 03/01/2032, 311,000		321,156		363,404
	SOUTHERN NATURAL GAS CO	SEMI-ANN. 8.875% 03/15/2010, 693,000		726,732		727,019
	SOUTHERN NATURAL GAS CO	SEMI-ANN. 8.000% 03/01/2032, 77,000		79,556		89,974
	SPANSION INC	SEMI-ANN. 11.250% 01/15/2016, 375,000		387,977		393,750
	SPCM	SEMI-ANN. 8.250% 06/15/2013, 375,000		489,799		532,818
	SPECTRUM BRANDS INC	SEMI-ANN. 7.375% 02/01/2015, 750,000		617,626		648,750
	SPECTRUM BRANDS INC	SEMI-ANN. 8.500% 10/01/2013, 351,000		303,605		328,185
	SPRINT CAP CORP NT	SEMI-ANN. 8.375% 03/15/2012, 2,093,000		2,312,761		2,326,122
	SPRINT CAP CORP NT	SEMI-ANN. 8.750% 03/15/2032, 290,000		351,142		349,047
	SPRINT NEXTEL CORP	SEMI-ANN. 6.000% 12/01/2016, 750,000		747,206		730,970
	STANDARD AERO HLDGS	SEMI-ANN. 8.250% 09/01/2014, 250,000		240,265		252,500
	STARBIRD FDG. CORP.	0.000% 01/29/2007, 5,500,000		5,477,242		5,477,242
	STARWOOD HOTELS & RESORTS WORLDWIDE	SEMI-ANN. 7.375% 05/01/2007, 290,000		290,721		291,185
	STATENS BOSTADSPIN	0.000% 04/23/2007,5,500,000		5,411,193		5,411,193
	STATION CASINOS INC	SEMI-ANN. 6.875% 03/01/2016, 250,000		234,226		224,375
	STATION CASINOS INC	SEMI-ANN. 6.500% 02/01/2014, 750,000		701,753		666,562
	STONE ENERGY CORP	SEMI-ANN. 6.750% 12/15/2014, 325,000		326,147		310,375
	STONE ENERGY CORP	SEMI-ANN. 8.250% 12/15/2011, 463,000		467,206		454,897
	STRUCTURED ADJUSTABLE RATE MTG LOAN TRUST	MONTHLY FLOATING 01/25/2035, 1,813,197		1,783,283		1,808,362
	SUBURBAN PROPANE PARTNERS L.P	SEMI-ANN. 6.875% 12/15/2013, 500,000		471,902		490,000
	SUNGARD DATA SYSTEMS INC	SEMI-ANN. 10.250% 08/15/2015, 864,000		891,566		922,320
	SUNGARD DATA SYSTEMS INC	SEMI-ANN. 3.750% 01/15/2009, 497,000		467,543		469,665
	SUNGARD DATA SYSTEMS INC	SEMI-ANN. 4.875% 01/15/2014, 138,000		121,247		121,440
	SUNGARD DATA SYSTEMS INC	SEMI-ANN. 9.125% 08/15/2013, 800,000		827,900		840,000
	SVHE06 OPT3 2A1	5.41%, 05/12/08		35,795		35,795
	SVHE06 OPT3 2A1	5.41%, 05/12/08		244,309		244,309
	SWEDBANK	0.000% 01/12/2007, 5,500,000		5,490,942		5,490,942
	SWIFT & CO	SEMI-ANN. 10.125% 10/01/2009, 500,000		507,414		508,750
	SWIFT & CO	SEMI-ANN. 12.500% 01/01/2010, 250,000		248,927		255,625
	SYDNEY CAP INC	0.000% 03/01/2007, 5,500,000		5,452,767		5,452,767

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	CORPORATE DEBT INSTRUMENTS — (continued):
	SYSTEMS ASSET 2001	QUARTERLY 6.664% 09/15/2013, 246,618		254,026		258,216
	TANGO FINANCE CORP	5.36%, 01/15/08		58,181		58,181
	TANGO FINANCE CORP	5.38%, 02/05/08		135,768		135,768
	TANGO FINANCE CORP	5.38%, 08/29/08		193,910		193,910
	TANGO FINANCE CORP	5.36%, 01/15/08		397,096		397,096
	TANGO FINANCE CORP	5.38%, 02/05/08		926,638		926,638
	TANGO FINANCE CORP	5.38%, 08/29/08		1,323,471		1,323,471
	TARGET CORP	SEMI-ANN. 4.000% 06/15/2013, 739,000		672,371		687,121
	TCI COMMUNICATIONS FINANCING III	QUARTERLY 9.650% 03/31/2027, 1,974,000		2,103,356		2,082,757
	TDS INVESTOR CORP	SEMI-ANN. 11.875% 09/01/2016, 500,000		494,427		512,500
	TDS INVESTOR CORP	SEMI-ANN. 9.875% 09/01/2014, 500,000		493,559		502,500
	TELECOM ITALIA CAPITAL	SEMI-ANN. 4.950% 09/30/2014, 307,000		279,576		284,418
	TELECOM ITALIA CAPITAL	SEMI-ANN. 5.250% 10/01/2015, 153,000		138,824		142,919
	TELECOM ITALIA CAPITAL	SEMI-ANN. 5.250% 11/15/2013, 160,000		148,376		152,558
	TENET HEALTHCARE CORP	SEMI-ANN. 6.375% 12/01/2011, 250,000		230,828		228,750
	TENET HEALTHCARE CORP	SEMI-ANN. 6.500% 06/01/2012, 250,000		228,696		226,250
	TENET HEALTHCARE CORP	SEMI-ANN. 9.875% 07/01/2014, 500,000		505,289		508,750
	TENET HEALTHCARE CORP	SEMI-ANN. 7.375% 02/01/2013, 743,000		683,478		682,631
	TENNECO AUTOMOTIVE INC	SEMI-ANN. 10.250% 07/15/2013, 535,000		582,846		585,825
	TENNECO AUTOMOTIVE INC	SEMI-ANN. 8.625% 11/15/2014, 250,000		249,412		255,000
	TENNESSEE GAS PIPELINE	SEMI-ANN. 8.375% 06/15/2032, 28,000		30,006		34,025
	TOYOTA AUTO REC TRST	MONTHLY 2.790% 01/15/2010, 2,094,009		2,080,638		2,091,912
	TOYOTA MOTOR CREDIT	0.000% 03/26/2007, 5,500,000		5,434,037		5,434,037
	TRANSAMERICA OCCIDENTAL LIFE INS CO	5.50%, 12/28/07		969,890		969,890
	TRANSAMERICA OCCIDENTAL LIFE INS CO	5.50%, 12/28/07		213,376		213,376
	TRANSAMERICA OCCIDENTAL LIFE INS CO	5.50%, 12/28/07		8,076,000		8,076,000
	TRIAD HOSPITALS INC	SEMI-ANN. 7.000% 05/15/2012, 617,000		614,177		627,797
	TRIMAS CORP	SEMI-ANN. 9.875% 06/15/2012, 375,000		359,483		362,813
	TROPICANA ENTERTAINMENT	SEMI-ANN. 9.625% 12/15/2014, 125,000		125,000		123,750
	TRUE TEMPER SPORT	SEMI-ANN. 8.375% 09/15/2011, 250,000		231,242		217,500
	TRUMP ENTERTAINMENT RESORTS HOLDINGS L.P.	SEMI-ANN. 8.500% 06/01/2015, 125,000		120,355		124,375
	TRUST STREET PROPERTIES	SEMI-ANN. 7.500% 04/01/2015, 1,000,000		985,851		1,080,000
	TXU CORP	SEMI-ANN. 6.550% 11/15/2034, 510,000		495,703		476,966
	TXU ENERGY CO LLC	SEMI-ANN. 7.000% 03/15/2013, 1,507,000		1,538,766		1,576,861
	TYCO INTERNATIONAL	SEMI-ANN. 6.000% 11/15/2013, 2,372,000		2,352,183		2,454,247
	TYCO INTERNATIONAL	SEMI-ANN. 6.750% 02/15/2011, 49,000		50,571		51,666
	TYCO INTERNATIONAL	SEMI-ANN. 6.875% 01/15/2029, 599,000		620,507		680,934
	TYCO INTERNATIONAL	SEMI-ANN. 7.000% 06/15/2028, 238,000		248,933		273,103
	TYCO INTERNATIONAL	SEMI-ANN. 6.375% 10/15/2011, 1,193,000		1,217,625		1,248,464
	U.S. BANK N.A.	5.31%, 11/30/07		484,851		484,851

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	CORPORATE DEBT INSTRUMENTS — (continued):
	U.S. BANK N.A.	5.34%, 12/05/07		484,849		484,849
	U.S. BANK N.A.	5.31%, 11/30/07		3,309,193		3,309,193
	U.S. BANK N.A.	5.34%, 12/05/07		3,309,190		3,309,190
	UBIQUITEL OPERATING CO	SEMI-ANN. 9.875% 03/01/2011, 385,000		415,086		415,800
	UBS FINANCE (DELW)	0.000% 01/16/2007, 8,000,000		7,982,400		7,982,400
	UBS FINANCE (DELW)	0.000% 02/08/2007, 5,500,000		5,469,347		5,469,347
	UCAR FINANCE	SEMI-ANN. 10.250% 02/15/2012, 152,000		159,619		160,170
	UGS CORP	SEMI-ANN. 10.000% 06/01/2012, 413,000		441,365		450,170
	UNICREDITO ITALIANO BANK (IRE) PLC	5.36%, 01/29/08		193,978		193,978
	UNICREDITO ITALIANO BANK (IRE) PLC	5.36%, 01/29/08		242,473		242,473
	UNICREDITO ITALIANO BANK (IRE) PLC	5.36%, 01/29/08		2,978,852		2,978,852
	UNITED COMPONENTS INC	SEMI-ANN. 9.375% 06/15/2013, 250,000		245,274		258,750
	UNITED OF OMAHA LIFE INSURANCE	5.47%, 03/21/07		242,473		242,473
	UNITED OF OMAHA LIFE INSURANCE	5.43%, 05/31/07		96,989		96,989
	UNITED OF OMAHA LIFE INSURANCE	5.47%, 03/21/07		1,654,918		1,654,918
	UNITED OF OMAHA LIFE INSURANCE	5.43%, 05/31/07		661,967		661,967
	UNITED RENTALS NORTH AMERICA INC	SEMI-ANN. 7.750% 11/15/2013, 750,000		718,509		752,812
	UNITED STATES STEEL LLC	SEMI-ANN. 9.750% 05/15/2010, 841,000		888,619		894,614
	UNITED TECHNOLOGIES CORP	SEMI-ANN. 5.400% 05/01/2035, 188,000		169,474		181,639
	UNIVERSAL CITY FLORIDA	SEMI-ANN. 8.375% 05/01/2010, 250,000		252,342		256,250
	UPC HOLDING B.V/REGS	SEMI-ANN. 8.625% 01/15/2014, 375,000		483,690		515,511
	US BANCORP	SEMI-ANN. 3.125% 03/15/2008, 984,000		952,538		958,735
	US WEST COMMUNICATIONS GROUP	SEMI-ANN. 5.625% 11/15/2008, 10,000		9,803		10,012
	US WEST COMMUNICATIONS INC	SEMI-ANN. 7.500% 06/15/2023, 68,000		63,876		68,510
	US WEST COMMUNICATIONS INC	SEMI-ANN. 8.875% 06/01/2031, 709,000		738,530		739,132
	USA EDUCATION INC	SEMI-ANN. 5.625% 04/10/2007, 3,250,000		3,256,589		3,252,096
	VANGUARD HEALTH HLDGS II	SEMI-ANN. 9.000% 10/01/2014, 715,000		713,320		723,937
	VANGUARD HEALTH HLDS I	FLOATING 10/01/2015, 353,000		248,865		271,810
	VERIZON GLOBAL FUNDING CORP	SEMI-ANN. 7.250% 12/01/2010, 419,000		439,408		446,636
	VERIZON GLOBAL FUNDING CORP	SEMI-ANN. 7.375% 09/01/2012, 450,000		478,672		491,996
	VERSO PAPER HLDGS	SEMI-ANN. 11.375% 08/01/2016, 125,000		131,855		131,250
	VERSO PAPER HLDGS	SEMI-ANN. 9.125% 08/01/2014, 375,000		375,445		390,937
	VERTIS INC	SEMI-ANN. 9.750% 04/01/2009, 441,000		447,318		454,230
	VERTRUE INC	SEMI-ANN. 9.250% 04/01/2014, 501,000		517,407		526,050
	VIACOM INC	SEMI-ANN. 5.750% 04/30/2011, 420,000		415,299		420,215
	VICTORIA ACQUISITION II	QUARTERLY FLOATING 05/15/2015, 264,000		337,275		360,275
	VICTORY RECEIVABLES	0.000% 02/12/2007, 5,500,000		5,466,248		5,466,248
	VINTAGE PETROLEUM	SEMI-ANN. 8.250% 05/01/2012, 895,000		942,455		939,250
	VISANT HLDG CORP	SEMI-ANN. 8.750% 12/01/2013, 1,500,000		1,457,993		1,545,000
	VISTEON CORPORATION	SEMI-ANN. 8.250% 08/01/2010, 375,000		353,930		365,625
	WACHOVIA AUTO OWNER TRUST	MONTHLY 4.820% 02/20/2009, 2,177,218		2,172,154		2,174,065

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	CORPORATE DEBT INSTRUMENTS — (continued):
	WACHOVIA BANK COMMERCIAL MORTG 2005-C18 A4	MONTHLY 4.935% 04/15/2042, 837,000		782,702		814,621
	WACHOVIA BANK COMMERCIAL MORTGAGE TRUST SER	MONTHLY FLOATING 07/15/2042, 1,228,000		1,162,073		1,208,230
	WACHOVIA CAPITAL TST	SEMI-ANN. FLOATING 12/31/2049, 628,000		609,858		633,184
	WACHOVIA CORPORATION	SEMI-ANN. 5.250% 08/01/2014, 1,590,000		1,520,136		1,570,632
	WAL MART STORES INC	QUARTERLY FLOATING 06/16/2008, 5,800,000		5,794,297		5,798,219
	WARNER MUSIC GROUP	SEMI-ANN. 7.375% 04/15/2014, 170,000		165,226		168,300
	WDAC SUBSIDIARY CORP	SEMI-ANN. 8.500% 12/01/2014, 1,250,000		1,563,702		1,734,605
	WELLS FARGO	MONTHLY FLOATING 04/25/2036, 1,594,804		1,575,111		1,582,817
	WELLS FARGO & CO	SEMI-ANN. 5.300% 08/26/2011, 940,000		938,429		943,751
	WELLS FARGO & CO	SEMI-ANN. 6.375% 08/01/2011, 977,000		1,003,882		1,023,130
	WEST CORP	SEMI-ANN. 11.000% 10/15/2016, 250,000		250,621		252,500
	WEST CORP	SEMI-ANN. 9.500% 10/15/2014, 500,000		501,827		500,000
	WEST CORP FED CREDIT UNION	5.38%, 09/25/08		387,956		387,956
	WEST CORP FED CREDIT UNION	5.38%, 09/25/08		2,647,869		2,647,869
	WESTPAC BANKING CORP.	0.000% 06/12/2007, 5,500,000		5,372,043		5,372,043
	WEYERHAEUSER CO	SEMI-ANN. 6.750% 03/15/2012, 443,000		452,628		464,602
	WFHET 2006 2 A1	5.42%, 06/27/08		208,323		208,323
	WFHET 2006 2 A1	5.42%, 06/27/08		1,421,843		1,421,843
	WFS FINANCIAL OWNER TRUST 2005-2 A3	MONTHLY 4.170% 12/17/2009, 2,564,972		2,550,429		2,551,883
	WFS FINANCIAL OWNER TRUST 929257AC7	MONTHLY 3.300% 03/17/2009, 149,293		148,382		148,879
	WHITING PETROLEUM CORP	SEMI-ANN. 7.000% 02/01/2014, 443,000		420,237		441,892
	WHITING PETROLEUM CORP	SEMI-ANN. 7.250% 05/01/2013, 282,000		270,890		282,705
	WILLIAMS COMPANIES INC	SEMI-ANN. 7.875% 09/01/2021, 775,000		790,715		831,188
	WILLIAMS COMPANIES INC	SEMI-ANN. 8.750% 03/15/2032, 130,000		141,155		146,900
	WILLIAMS COMPANIES INC	SEMI-ANN. 7.500% 01/15/2031, 377,000		366,284		391,138
	WILLIAMS COMPANIES INC	SEMI-ANN. 7.750% 06/15/2031, 370,000		366,341		388,500
	WILLIAMS COMPANIES INC	SEMI-ANN. 8.750% 03/15/2032, 460,000		504,275		519,800
	WILLIAMS SCOTSMAN INTERNATIONAL	SEMI-ANN. 8.500% 10/01/2015, 250,000		246,732		260,937
	WIND ACQUISITION FIN SA	SEMI-ANN. 10.750% 12/01/2015, 750,000		800,639		853,125
	WIND ACQUISITION FIN SA	SEMI-ANN. 9.750% 12/01/2015, 500,000		675,021		760,203
	WINDSTREAM CORP	SEMI-ANN. 8.625% 08/01/2016, 375,000		383,916		410,625
	WLD OMNI VEH LSNG	0.000% 01/23/2007, 5,500,000		5,482,119		5,482,119
	WORLD OMNI AUTO RECEIVABLES TRUST 2006-A A-2	MONTHLY 5.050% 10/15/2008, 85,225		85,130		85,177
	WORLD OMNI AUTO RECEIVABLES TRUST 2006-B A-1	MONTHLY 5.373% 10/15/2007, 3,426,838		3,426,838		3,427,924
	XL LIFE AND ANNUITY	5.42%, 01/29/08		397,655		397,655
	XL LIFE AND ANNUITY	5.42%, 01/29/08		2,714,065		2,714,065
	XLLIAC GLOBAL FUNDING	5.43%, 12/26/08		436,451		436,451
	XLLIAC GLOBAL FUNDING	5.43%, 12/26/08		2,978,852		2,978,852
	XTO ENERGY INC	SEMI-ANN. 7.500% 04/15/2012, 276,000		293,116		299,862
	YORKTOWN CAPITAL, LL	0.000% 01/04/2007, 5,500,000		5,497,589		5,497,589

	TOTAL CORPORATE DEBT INSTRUMENTS			1,116,220,322		1,125,501,087
	LOANS TO PLAN PARTICIPANTS:
	LOANS TO PLAN PARTICIPANTS	INTEREST RATE RANGE: 4.00% - 10.5%		288,860,165		288,860,165

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	U.S. GOVERNMENT AND FEDERAL AGENCY OBLIGATIONS:
	GNMA I MORTPASS	MONTHLY, 7.50%, 03/15/2029, 20,845		21,830		21,796
	UNITED STATES GOVERNMENT NATIONAL	SEMI-ANN, 4.63%, 11/15/2016, 760,000		761,781		755,013
	UNITED STATES OF AMER TREAS BILLS	SEMI-ANN, 4.50%, 02/15/2009, 798,000		787,148		793,168
	UNITED STATES OF AMER TREAS BONDS	FLOATING, 01/15/2026, 14,100,000		13,077,619		13,489,756
	UNITED STATES OF AMER TREAS BONDS	FLOATING, 01/15/2026, 231,000		217,901		221,002
	UNITED STATES OF AMER TREAS BONDS	FLOATING, 01/15/2026, 4,732,000		4,923,652		5,046,261
	UNITED STATES OF AMER TREAS BONDS	SEMI-ANN, 4.50%, 02/15/2036, 7,570,000		7,242,771		7,198,601
	UNITED STATES OF AMER TREAS BONDS	SEMI-ANN, 6.75%, 08/15/2026, 1,744,000		2,055,740		2,145,256
	UNITED STATES OF AMER TREAS BONDS	FLOATING, 07/15/2016, 1,400,000		1,426,624		1,410,299
	UNITED STATES OF AMER TREAS BONDS	FLOATING, 07/15/2016, 2,190,000		2,222,931		2,206,110
	UNITED STATES OF AMER TREAS BONDS	FLOATING, 04/15/2028, 7,800,000		11,693,945		11,756,351
	UNITED STATES OF AMER TREAS BONDS	FLOATING, 04/15/2028, 5,148,000		7,608,548		7,759,192
	UNITED STATES OF AMER TREAS BONDS	FLOATING, 04/15/2029, 900,000		1,402,391		1,391,990
	UNITED STATES OF AMER TREAS NOTES	FLOATING, 01/15/2014, 6,729,000		7,080,979		7,142,664
	UNITED STATES OF AMER TREAS NOTES	FLOATING, 01/15/2014, 119,000		125,249		126,316
	UNITED STATES OF AMER TREAS NOTES	FLOATING, 01/15/2016, 3,693,000		3,579,359		3,627,381
	UNITED STATES OF AMER TREAS NOTES	FLOATING, 01/15/2012, 712,000		846,475		845,249
	UNITED STATES OF AMER TREAS NOTES	FLOATING, 01/15/2011, 3,589,000		4,344,968		4,334,298
	UNITED STATES OF AMER TREAS NOTES	SEMI-ANN, 3.63%, 01/15/2010, 1,214,000		1,160,797		1,176,537
	UNITED STATES OF AMER TREAS NOTES	FLOATING, 01/15/2008, 5,000,000		6,343,436		6,315,488
	UNITED STATES OF AMER TREAS NOTES	FLOATING, 01/15/2008, 5,420,000		6,928,935		6,856,280
	UNITED STATES OF AMER TREAS NOTES	FLOATING, 01/15/2009, 190,000		240,275		240,349
	UNITED STATES OF AMER TREAS NOTES	SEMI-ANN, 4.50%, 09/30/2011, 120,000		118,721		118,945
	UNITED STATES OF AMER TREAS NOTES	SEMI-ANN, 4.50%, 11/15/2010, 2,148,000		2,101,248		2,132,730
	UNITED STATES OF AMER TREAS NOTES	SEMI-ANN, 4.63%, 10/31/2011, 120,000		120,122		119,564
	UNITED STATES OF AMER TREAS NOTES	SEMI-ANN, 5.13%, 05/15/2016, 730,000		744,305		751,928
	UNITED STATES OF AMER TREAS NOTES	SEMI-ANN, 6.50%, 02/15/2010, 164,000		171,284		172,283
	UNITED STATES OF AMER TREAS NOTES	FLOATING, 07/15/2015, 4,455,000		4,377,902		4,431,678
	UNITED STATES OF AMER TREAS NOTES	FLOATING, 07/15/2015, 370,000		371,095		368,063
	UNITED STATES OF AMER TREAS NOTES	FLOATING, 01/15/2010, 2,845,000		3,618,742		3,593,445
	UNITED STATES OF AMER TREAS NOTES	SEMI-ANN, 3.38%, 10/15/2009, 260,000		250,995		250,839
	UNITED STATES OF AMER TREAS NOTES	SEMI-ANN, 3.88%, 09/15/2010, 781,000		747,643		759,187
	UNITED STATES OF AMER TREAS NOTES	SEMI-ANN, 4.50%, 02/28/2011, 1,581,000		1,543,823		1,569,327
	UNITED STATES OF AMER TREAS NOTES	FLOATING, 07/15/2012, 6,476,000		7,471,484		7,483,860
	UNITED STATES OF AMER TREAS NOTES	FLOATING, 04/15/2010, 8,949,000		9,160,870		9,042,155
	UNITED STATES OF AMER TREAS NOTES	FLOATING, 04/15/2010, 2,570,000		2,602,123		2,596,753
	UNITED STATES OF AMER TREAS NOTES	FLOATING, 07/15/2013, 5,900,000		6,216,572		6,266,074

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost			(e) Current Value

	U.S. GOVERNMENT AND FEDERAL AGENCY OBLIGATIONS — (continued):
	UNITED STATES OF AMER TREAS NOTES	FLOATING, 07/15/2014, 3,788,000		4,031,296			3,938,132
	UNITED STATES OF AMER TREAS NOTES	FLOATING, 07/15/2014, 7,000		7,205			7,278
	UNITED STATES OF AMER TREAS NOTES	FLOATING 01/15/2007, 1,700,000		2,173,692			2,162,722
	UNITED STATES OF AMER TREAS NOTES	SEMI-ANN, 4.88%, 08/15/2016, 1,937,000		1,958,388			1,960,153
	UNITED STATES OF AMER TREAS STRIP	ZERO COUPON, 03/15/2007, 85,000		84,177			84,177
	UNITED STATES OF AMER TREAS STRIP	FLOATING, 04/15/2011, 5,413,000		5,490,989			5,484,329
	UNITED STATES OF AMER TREAS STRIP	FLOATING, 04/15/2011, 7,970,000		8,123,099			8,075,024
	UNITED STATES OF AMER TREAS STRIP	SEMI-ANN, 0.00%, 11/15/2021, 11,250,000		5,019,553			5,412,994
	US TREASURY N/B	SEMI-ANN, 3.38%, 02/15/2008, 1,207,000		1,179,763			1,185,925

	TOTAL U.S. GOVERNMENT AND FEDERAL AGENCY OBLIGATIONS			151,778,445			152,826,922

	DERIVATIVES RECEIVABLE:
	DEC 06 ‘5 YEAR T NOTES-CBT FUTURE LONG	VARIATION MARGIN, EX. 12/29/2006, SIZE 100,000		0			(1,473,536	)
	DEC 06 ‘5 YEAR T NOTES-CBT FUTURE LONG	FUTURE LONG, EX. 12/29/2006, CONTRACTS 905		(1,473,536	)		1,473,536
	MAR 07 ‘5 YEAR T NOTES-CBT FUTURE LONG	VARIATION MARGIN, 'EX. 03/31/2007, SIZE 100,000		0			324,949
	MAR 07 ‘5 YEAR T NOTES-CBT FUTURE LONG	FUTURE LONG, EX. 03/31/2007, CONTRACTS 415		324,949			(324,949	)
	JUN 07 EURODOLLAR-CME FUTURE LONG	VARIATION MARGIN, EX. 06/18/2007, SIZE 250,000		0			3,335
	JUN 07 EURODOLLAR-CME FUTURE LONG	FUTURE LONG, EX. 06/18/2007, CONTRACTS 37		3,335			(3,335	)
	MAR 07 EURODOLLAR-CME FUTURE LONG	VARIATION MARGIN, EX. 03/19/2007, SIZE 250,000		0			(325,211	)
	MAR 07 EURODOLLAR-CME FUTURE LONG	FUTURE LONG, EX. 03/19/2007, CONTRACTS 987		(325,211	)		325,211
	SEP07 EURODOLLAR-CME FUTURE LONG	VARIATION MARGIN, EX. 09/17/2007, SIZE 250,000		0			46,303
	SEP07 EURODOLLAR-CME FUTURE LONG	FUTURE LONG, EX. 09/17/2007, CONTRACTS 128		46,303			(46,303	)
	MAR 07 TREASURY BONDS-CBT FUTURE LONG	VARIATION MARGIN, EX. 03/31/2007, SIZE 100,000		0			276,897
	MAR 07 TREASURY BONDS-CBT FUTURE LONG	FUTURE LONG, EX. 03/31/2007, CONTRACTS 170		276,897			(276,897	)
	MAR 07 ‘US 10 YR NOTE FUTURE LONG	VARIATION MARGIN, EX. 03/21/2007, SIZE 100,000		0			304,770
	MAR 07 ‘US 10 YR NOTE FUTURE LONG	FUTURE LONG, EX. 03/21/2007, CONTRACTS 306		304,770			(304,770	)
	P/CALL EURO DOLLAR FUTURE OPTION	CALL SCTY, EX 03/19/2007, 250,000		30,565			11,100
	P/CALL EURO DOLLAR OPTION	CALL SCTY, EX 03/19/2007, 250,000		158,167			154,700
	P/CALL EURO DOLLAR OPTION	CALL SCTY, EX 06/18/2007, 250,000		36,545			36,575
	P/CALL EURO DOLLAR OPTION	CALL SCTY, EX 09/17/2007, 250,000		12,765			10,637
	P/CALL US TRAS NTS 5 YEARS	CALL SCTY, EX 02/23/2007, 100,000		99,890			85,750
	P/CALL USTN 5 YR FUTURE	CALL SCTY, EX 02/23/2007, 100,000		63,626			58,187
	P/PUT EURO DOLLAR FUTUTURE OPTION	PUT SCTY, EX 03/19/2007, 250,000		14,910			5,325
	P/PUT EURO DOLLAR FUTUTURE OPTION	PUT SCTY, EX 03/19/2007, 250,000		62,700			82,000
	BS IN RATE SWAP REC	4,700,000 SHARES		4,700,000			4,684,151
	CDS-AES@221 BPS	200,000 SHARES		200,000			200,585
	CDS-DJ REC	400,000 SHARES		400,000			400,000
	CDS-DJ REC	400,000 SHARES		400,000			400,000
	GS INT RATE SWAP REC	7,500,000 SHARES		7,500,000			7,481,659

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	DERIVATIVES RECEIVABLE — (continued):
	MORGAN STANLEY & CO INC	560,000 SHARES		560,000		562,541
	UBIQUITEL INC	56 SHARES		0		1
	ZIFF DAVIS WARRANTS	3,482 SHARES		0		35
	CDS.DJ.CDX.NA.IG	10,000,000 SHARES		10,000,000		10,000,000
	CDS.DJ.CDX.NA.IG.	3,100,000 SHARES		3,100,000		3,100,000
	CDS-AES@220 BPS 10.1 YR	200,000 SHARES		200,000		200,724
	CDS-CDX.NA.HY	495,000 SHARES		495,732		514,294
	CDS-CDX.NA.HY	400,000 SHARES		400,000		400,000
	CDS-DJ CDX.NA HY	500,000 SHARES		500,000		500,000
	CDS-DJ CDX.NA.HY	300,000 SHARES		300,000		300,000
	CDS-DJ CDX.NA.HY	500,000 SHARES		500,000		500,000
	CDS-DJ REC	400,000 SHARES		400,000		400,000
	CDS-DJ REC	400,000 SHARES		400,000		400,000
	CDS-DJ REC	1,300,000 SHARES		1,300,000		1,300,000
	CDS-DJ REC	1,300,000 SHARES		1,300,000		1,300,000
	CDX.NA.IG HVOL.7 REC	2,800,000 SHARES		2,800,000		2,800,000
	F CRED DEF SWAP REC 3.8	500,000 SHARES		500,000		521,269
	IRS EUR R 2.095-FRCPXTOB UAG 2.095	1,300,000 SHARES		0		13,165
	IRS EUR R 2.35-FRCPXTOB UAG	200,000 SHARES		0		798
	IRS USD R 3ML	18,000,000 SHARES		0		6,803
	JAPANESE FORWARD CURRENCY CONTRACT	JPY, 257,756,000, Rate 117.8363, Ex 01/25/07		2,187,662		2,163,451
	U.S. DOLLAR FORWARD CURRENCY CONTRACT	USD, 280,221, Rate 1,.0000, Ex 01/02/07		280,221		280,221
	U.S. DOLLAR FORWARD CURRENCY CONTRACT	USD, 65,676, Rate 1,.0000, Ex 01/23/07		65,676		65,676
	U.S. DOLLAR FORWARD CURRENCY CONTRACT	USD, 99,000, Rate 1,.0000, Ex 01/25/07		99,000		99,000
	U.S. DOLLAR FORWARD CURRENCY CONTRACT	USD, 99,000, Rate 1,.0000, Ex 01/25/07		99,000		99,000
	U.S. DOLLAR FORWARD CURRENCY CONTRACT	USD, 99,000, Rate 1,.0000, Ex 01/25/07		99,000		99,000
	U.S. DOLLAR FORWARD CURRENCY CONTRACT	USD, 15,315,007, Rate 1,.0000, Ex 02/16/07		15,315,007		15,315,007
	U.S. DOLLAR FORWARD CURRENCY CONTRACT	USD, 689,912, Rate 1,.0000, Ex 02/16/07		689,912		689,912
	U.S. DOLLAR FORWARD CURRENCY CONTRACT	USD, 331,374, Rate 1,.0000, Ex 02/16/07		331,374		331,374
	CDS-DJ PAY	SHORT SALES, 1,300,000, Rate1 .0081, Ex 01/03/07		1,310,564		1,310,563
	CDS-DJ PAY	SHORT SALES, 1,300,000, Rate1 .0107, Ex 01/03/07		1,313,957		1,313,957
	MAR 07 EURO-BUND FUTURE	VARIATION MARGIN, Ex 03/08/2007, Size 100,000		1,000		1,319
	DEC 07 EURODOLLAR-CME FUTURE SHORT	VARIATION MARGIN, Ex 12/17/2007, Size 250,000		1,000		1,000
	JUN 08 EURODOLLAR-CME FUTURE SHORT	VARIATION MARGIN, Ex 6/16/2008, Size 250,000		1,250		1,250
	MAR 08 EURODOLLAR-CME FUTURE SHORT	VARIATION MARGIN, Ex 3/17/2008, Size 250,000		1,250		1,250
	SEP07 EURODOLLAR-CME FUTURE SHORT	VARIATION MARGIN, Ex 9/17/2007, Size 250,000		1,450		1,450
	SEP08 EURODOLLAR-CME FUTURE SHORT	VARIATION MARGIN, Ex 9/15/2008, Size 250,000		1,000		1,000
	SEP08 EURODOLLAR-CME FUTURE SHORT	VARIATION MARGIN, Ex 9/15/2008, Size 250,000		800		800
	MAR 07 TREASURY BONDS-CBT FUTURE SHORT	VARIATION MARGIN, Ex 3/31/2007, Size 100,000		92		92
	MAR 07 10 YEAR NOTE-CBT FUTURE SHORT	VARIATION MARGIN, Ex 3/21/2007, Size 100,000		13,375		13,375

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	DERIVATIVES RECEIVABLE — (continued):
	DEC 06 5 YEAR T NOTE-CBT FUTURE LONG	VARIATION MARGIN, Ex 12/29/2006, Size 100,000		14,141		14,141
	MAR 07 5 YEAR T NOTE-CBT FUTURE SHORT	VARIATION MARGIN, Ex 3/31/2007, Size 100,000		14,595		14,595

	TOTAL DERIVATIVES RECEIVABLE			57,433,733		58,247,732

	U.S. GOVERNMENT-SPONSORED ENTERPRISE OBLIGATIONS:
	FEDERAL HOME LOAN BANKS	SEMI-ANN, 3.88%, 08/22/2008, 370,000		364,175		363,099
	FEDERAL HOME LOAN BANKS	SEMI-ANN, 5.50%, 01/28/2008, 2,900,000		2,907,311		2,908,619
	FEDERAL HOME LOAN MORTGAGE CORP	SEMI-ANN, 4.65%, 10/10/2013, 3,885,000		3,662,402		3,745,066
	FEDERAL HOME LOAN MORTGAGE CORP	SEMI-ANN, 4.75%, 01/18/2011, 691,000		672,169		686,419
	FEDERAL HOME LOAN MORTGAGE CORP	SEMI-ANN, 5.13%, 04/18/2011, 879,000		866,499		885,088
	FEDERAL HOME LOAN MORTGAGE CORP	SEMI-ANN, 5.25%, 02/24/2011, 2,169,000		2,137,220		2,168,011
	FEDERAL HOME LOAN MORTGAGE CORP	SEMI-ANN, 5.63%, 03/15/2011, 250,000		255,078		256,423
	FEDERAL HOME LOAN MORTGAGE CORP	SEMI-ANN, 5.30%, 05/12/2020, 920,000		881,990		878,044
	FEDERAL HOME LOAN MORTGAGE CORP	ZERO COUPON, 01/09/2007, 2,000,000		1,997,665		1,997,665
	FEDERAL HOME LOAN MORTGAGE CORP	ZERO COUPON, 04/13/2007, 2,000,000		1,970,760		1,970,760
	FEDERAL HOME LOAN MORTGAGE CORP	ZERO COUPON, 01/30/2007, 2,000,000		1,991,606		1,991,606
	FEDERAL HOME LOAN MORTGAGE CORP	MONTHLY, 8.00%, 05/01/2017, 2,315		2,349		2,343
	FEDERAL NATIONAL MORTGAGE ASSOC	ZERO COUPON, 01/26/2007, 1,000,000		996,434		996,434
	FEDERAL NATIONAL MORTGAGE ASSOC	SEMI-ANN, 5.00%, 09/15/2008, 40,000		40,160		39,956
	FEDERAL NATIONAL MORTGAGE ASSOC	SEMI-ANN, 5.20%, 11/08/2010, 1,109,000		1,092,205		1,104,044
	FEDERAL NATIONAL MORTGAGE ASSOC	SEMI-ANN, 5.63%, 05/19/2011, 1,939,000		1,932,038		1,958,663
	FEDERAL NATIONAL MORTGAGE ASSOC	6.00%, 01/25/2036, 300,000		303,234		301,969
	FEDERAL NATIONAL MORTGAGE ASSOC	SEMI-ANN, 6.63%, 09/15/2009, 1,032,000		1,066,565		1,074,563
	FEDERAL NATIONAL MORTGAGE ASSOC	SEMI-ANN, 4.61%, 10/10/2013, 3,655,000		3,439,179		3,517,747
	FEDERAL NATIONAL MORTGAGE ASSOC	ZERO COUPON, 03/05/2007, 2,000,000		1,982,115		1,982,115
	FEDERAL NATIONAL MORTGAGE ASSOC	ZERO COUPON, 04/05/2007, 1,000,000		986,657		986,657
	FEDERAL NATIONAL MORTGAGE ASSOC	ZERO COUPON, 02/23/2007, 2,000,000		1,984,689		1,984,689
	FEDERAL NATIONAL MORTGAGE ASSOC	ZERO COUPON, 01/24/2007, 2,000,000		1,993,451		1,993,451
	FEDERAL NATIONAL MORTGAGE ASSOC	ZERO COUPON, 06/25/2007, 705,000		688,051		688,051
	FEDERAL NATIONAL MORTGAGE ASSOC	SEMI-ANN, 0.00%, 02/28/2007, 2,000,000		1,983,486		1,983,486
	FEDERAL NATIONAL MORTGAGE ASSOC	ZERO COUPON, 06/28/2007, 525,000		511,887		511,887
	FEDERAL NATIONAL MORTGAGE ASSOC	ZERO COUPON, 01/10/2007, 3,000,000		2,996,017		2,996,017
	FEDERAL NATIONAL MORTGAGE ASSOC	MONTHLY, 6.00%, 06/01/2036, 396,446		398,429		399,131
	FEDERAL NATIONAL MORTGAGE ASSOC	MONTHLY, 6.00%, 09/01/2036, 197,882		198,903		199,222
	FEDERAL NATIONAL MORTGAGE ASSOC	MONTHLY, 7.00%, 12/01/2027, 56,556		57,956		58,408
	FEDERAL NATIONAL MORTGAGE ASSOC	MONTHLY, 8.00%, 08/01/2015, 9,754		10,268		10,257
	FEDERAL NATIONAL MORTGAGE ASSOC	MONTHLY, 8.00%, 08/01/2015, 45,304		47,690		47,639
	FEDERAL NATIONAL MORTGAGE ASSOC	MONTHLY, 8.00%, 09/01/2015, 29,238		30,253		30,214
	FEDERAL NATIONAL MORTGAGE ASSOC	MONTHLY, 9.00%, 11/01/2021, 13,168		13,979		13,945

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Held at End of Year) at December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


		(c) Description of Investment including Maturity Date,
(a)	(b) Identity of Issue, Borrower, Lessor, or Similar Party	Rate of Interest, Collateral, Par, or Maturity Value	(d) Cost		(e) Current Value

	U.S. GOVERNMENT-SPONSORED ENTERPRISE OBLIGATIONS — (continued):
	FEDERAL NATIONAL MORTGAGE ASSOC	5.50%, 01/25/2036, 2,000,000		1,991,859		1,976,250
	FREDDIE MAC	SEMI-ANN, 5.63%, 11/23/2035, 1,381,000		1,261,673		1,330,640

	TOTAL U.S. GOVERNMENT-SPONSORED ENTERPRISE OBLIGATIONS			43,716,402		44,038,578

	OTHER:
	BANK OF AMERICA/CERTIFICATE OF DEPOSIT	5.32%, 09/21/2007, 1,000,000		1,000,000		1,000,000
	BARCLAYS DOMICILED MONEY MKT FUND FOR EBT	12 Units		12		12
	BAYERISCHE LNDBNK NY/CERTIFICATE OF DEPOSIT	5.31%, 03/12/2007, 5,000,000		5,000,047		5,000,047
	BRDR A&O JOHANSEN/PREFERRED STOCK	300 shares		72,349		88,093
	CALYON (NY BRANCH)/CERTIFICATE OF DEPOSIT	QUARTERLY FLOATING, 09/13/2007,6,650,000		6,648,193		6,648,193
	FRESENIUS AG/PREFERRED STOCK	28,280 shares		4,761,468		6,071,427
	GEN MOTORS CORP/PREFERRED STOCK	30,025 shares		555,463		638,031
	HENDERSON LAND DEV	34,497 Units		0		10,025
	HENKEL KGAA/PREFERRED STOCK	18,200 shares		2,107,512		2,675,461
	HSBC BANK USA NA/CERTIFICATE OF DEPOSIT	SEMI-ANN, 3.87%, 06/07/2007, 5,600,000		5,575,333		5,575,333
	HYDRO-QUEBEC	SEMI-ANN, 6.30%, 05/11/2011, 342,000		351,992		357,478
	ISHARES INC MSCI EAFE INDEX/EXCHANGE TRADED FUND	147,200 shares		9,644,628		10,777,984
	ISHARES INC MSCI SOUTH KOREA INDEX/EXCHANGE TRADED FUND	149,758 shares		6,817,898		7,398,045
	KOREA DEV	SEMI-ANN, 4.25%, 11/13/2007, 42,000		41,354		41,546
	MERRILL LYNCH,PIERCE,FENNER & SMITH/REPURCHASE AGREEMENT	5.21%, 01/02/2007, 18,200,000		18,200,000		18,200,000
	MEXICO(UNITED MEXICAN STATES)	SEMI-ANN, 5.63%, 01/15/2017, 34,000		32,345		34,034
	MEXICO(UNITED MEXICAN STATES)	SEMI-ANN, 8.30%, 08/15/2031, 775,000		920,313		990,837
	NORDEA BANK FLD PLC/CERTIFICATE OF DEPOSIT	5.40%, 09/20/2007, 3,000,000		3,000,000		3,000,000
	PORSCHE AG/PREFERRED STOCK	2,067 shares		2,430,257		2,627,695
	SVENSKA HANDLSBNKN A/CERTIFICATE OF DEPOSIT	5.24%, 04/11/2007, 7,000,000		7,000,000		7,000,000
	TENNESSEE VALLEY AUTH PWR	SEMI-ANN, 7.13%, 05/01/2030, 942,000		1,128,116		1,184,555
	TENNESSEE VALLEY AUTH PWR	SEMI-ANN, 6.75%, 11/01/2025, 558,000		632,356		662,104
	UNITED MEXICAN STATES	SEMI-ANN, 7.50%, 04/08/2033, 2,253,000		2,481,679		2,658,540
	VILLEROY & BOCH/PREFERRED STOCK	7,322 shares		114,804		129,090
	WI TREASURY SEC.	SEMI-ANN, 4.38%, 11/15/2008, 314,000		309,297		311,473
	ZIFF DAVIS HOLDINGS INC/PREFERRED STOCK	18 shares		2,700		1,800


	TOTAL OTHER			78,828,116		83,081,803


	Total Investments		$	11,917,523,692	$	13,490,130,672


	** Party-in-interest investments
	** Interest rate is net of administrative service fees.

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Acquired And Disposed of Within Year)
For The Year Ended December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


(a) Identity of Issue, Borrower, Lessor, or Similar	(b) Description of investment, including maturity date,	(c) Cost of		(d) Proceeds of
Party	rate of interest, collateral, par, or maturity value	acquisitions		dispositions
CORPORATE DEBT INSTRUMENTS:
ABITIBI-CONSOLIDATED INC	SEMI-ANN, 8.85%, 08/01/2030, 272,000		$229,840		$225,420
AINSWORTH LUMBER CO	QUARTERLY FLOATING, 04/01/2013, 138,000		125,797		109,710
ALLEGHENY LUDLUM CORP	SEMI-ANN, 6.95%, 12/15/2025, 513,000		523,260		513,000
ALLEGHENY TECHNOLOGIES INC	SEMI-ANN, 8.38%, 12/15/2011, 38,000		39,235		39,710
ALLIS-CHALMERS ENERGY INC	SEMI-ANN, 9.00%, 01/15/2014, 429,000		429,000		424,710
ALLTRISTA CORP	SEMI-ANN, 9.75%, 05/01/2012, 132,000		134,640		135,960
ATLANTIS ONE FDG COR CORP	ZERO COUPON, 07/10/2006, 5,000,000		4,958,167		4,996,340
AMERICAN AIRLINES	SEMI-ANN, 7.38%, 05/23/2019, 65,480		61,061		60,242
AMERICAN COLOR GRAPHICS	SEMI-ANN, 10.00%, 06/15/2010, 272,000		193,800		196,520
AMERICAN REAL ESTATE PARTNERS	SEMI-ANN, 7.13%, 02/15/2013, 1,062,000		1,019,520		1,016,865
AMERICAN REAL ESTATE PARTNERS	SEMI-ANN, 8.13%, 06/01/2012, 737,000		735,158		740,685
AMERICREDIT AUTOMOBILE REC’S TRUST	MONTHLY FLOATING, 01/06/2010, 1,762,060		1,764,809		1,765,915
AMKOR TECHNOLOGIES	SEMI-ANN, 7.13%, 03/15/2011, 178,000		161,535		160,645
AMSTED INDUSTRIES	SEMI-ANN, 10.25%, 10/15/2011, 499,000		533,930		531,435
ANHEUSER BUSCH CO’S INC	SEMI-ANN, 4.95%, 01/15/2014, 1,050,000		996,866		1,024,590
ANR PIPELINE CO	SEMI-ANN, 7.38%, 02/15/2024, 130,000		125,960		126,750
ANR PIPELINE CO	SEMI-ANN, 8.88%, 03/15/2010, 441,000		465,808		461,396
BAYVIEW FINANCIAL	MONTHLY FLOATING, 09/28/2043, 1,824,693		1,825,576		1,825,549
BAYVIEW	MONTHLY, 04/25/2012, 1,899,360		1,846,701		1,750,739
BE AEROSPACE INC	SEMI-ANN, 8.50%, 10/01/2010, 124,000		130,820		130,375
BELDEN & BLAKE CORP	SEMI-ANN, 8.75%, 07/15/2012, 198,000		200,970		200,970
BNP PARIBAS FIN INC	ZERO COUPON, 11/17/2006, 4,000,000		3,896,402		3,908,722
BORDON US FIN CORP	SEMI-ANN, 9.00%, 07/15/2014, 500,000		515,000		551,920
BOWATER CANADA FINANCE CORP	SEMI-ANN, 7.95%, 11/15/2011, 258,000		245,100		246,390
BOWATER INC	SEMI-ANN, 9.38%, 12/15/2021, 311,000		301,670		304,780
BOWATER INC	SEMI-ANN, 9.50%, 10/15/2012, 18,000		17,955		18,180
BRAZOS STUDENT FINANCE CORP	QUARTERLY FLOATING, 06/01/2028, 152,221		153,211		152,174
BRISTOL-MYERS SQUIBB CO	SEMI-ANN, 5.75%, 10/01/2011, 160,000		159,628		165,946
CAPITAL ONE MASTER TRUST	MONTHLY, 4.60%, 08/15/2009, 1,200,000		1,198,309		1,200,000

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Acquired And Disposed of Within Year)
For The Year Ended December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


(a) Identity of Issue, Borrower, Lessor, or Similar	(b) Description of investment, including maturity date,	(c) Cost of		(d) Proceeds of
Party	rate of interest, collateral, par, or maturity value	acquisitions		dispositions
CORPORATE DEBT INSTRUMENTS (CONTINUED):
CAPTIAL ONE MULTI-ASSET EXEC TRUST	MONTHLY, 2.95%, 08/17/2009, 4,300,000		4,284,199		4,300,000
CARDTRONICS	SEMI-ANN FLOATING, 08/15/2013, 391,000		385,135		386,113
CB RICHARD ELLIS SVCS INC	SEMI-ANN, 9.75%, 05/15/2010, 589,000		630,230		609,992
CEDAR BRAKES II	SEMI-ANN, 9.88%, 09/01/2013, 400,000		446,800		403,246
CHEVY CHASE FUNDING LLC	MONTHLY FLOATING, 07/25/2034, 784,017		785,459		784,507
CHIQUITA BRANDS INTL	SEMI-ANN, 7.50%, 11/01/2014, 809,000		675,515		728,465
CIENA CORP	SEMI-ANN, 3.75%, 02/01/2008, 455,000		437,369		437,369
CLARKE AMERICAN	SEMI-ANN, 11.75%, 12/15/2013, 685,000		705,550		712,400
CONSECO FIN SECURITIZATIONS CORP	MONTHLY FLOATING, 12/15/2029, 98,947		98,942		98,858
COPANO ENERGY LLC	SEMI-ANN, 8.13%, 03/01/2016, 625,000		621,875		621,875
COUNTRYWIDE ALTERNATIVE	MONTHLY FLOATING, 10/20/2035, 759,655		762,454		761,316
COUNTRYWIDE HOME EQUITY	MONTHLY FLOATING, 12/15/2035, 3,412,698		3,413,876		3,417,798
CREDIT SUISSE FB USA INC	SEMI-ANN, 4.88%, 08/15/2010, 467,000		452,920		456,516
CRUM & FORSTER HLDG	SEMI-ANN, 10.38%, 06/15/2013, 690,000		702,075		707,250
CWABS MASTER TRUST	MONTHLY FLOATING, 11/15/2028, 302,522		304,445		303,329
CWHL	MONTHLY FLOATING, 03/25/2035, 1,895,154		1,903,446		1,898,708
CWMBS INC	MONTHLY FLOATING, 03/25/2035, 1,977,181		1,987,627		1,980,270
DAYTON SUPERIOR CORP	SEMI-ANN, 10.75%, 09/15/2008, 709,000		719,635		723,180
DOLLAR FINANCIAL GROUP	SEMI-ANN, 9.75%, 11/15/2011, 633,000		680,475		682,849
DSLA MTG	MONTHLY FLOATING, 03/19/2045, 668,112		668,934		668,738
DUANE REED INC	QUARTERLY FLOATING, 12/15/2010, 210,000		203,700		203,700
EL PASO CORP	SEMI-ANN, 7.38%, 12/15/2012, 80,000		79,400		80,600
ENCORE MED IHC INC	SEMI-ANN, 9.75%, 10/01/2012, 298,000		299,490		325,958
EQCC	MONTHLY FLOATING, 11/25/2031, 56,016		56,051		56,024
EQUIFIRST MORTGAGE LOAN TRUST	MONTHLY FLOATING, 04/25/2035, 429,102		429,111		429,035
FAIRFAX FINANCIAL HLDGS	SEMI-ANN, 7.38%, 04/15/2018, 417,000		341,940		331,515
FAIRFAX FINANCIAL HLDGS	SEMI-ANN, 7.75%, 04/26/2012, 242,000		222,035		210,540
FAIRFAX FINANCIAL HLDGS	SEMI-ANN, 8.25%, 10/01/2015, 30,000		27,000		25,913
FAIRFAX FINANCIAL HLDGS LMTD	SEMI-ANN, 8.30%, 04/15/2026, 40,000		34,500		32,800

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Acquired And Disposed of Within Year)
For The Year Ended December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


(a) Identity of Issue, Borrower, Lessor, or Similar	(b) Description of investment, including maturity date,	(c) Cost of		(d) Proceeds of
Party	rate of interest, collateral, par, or maturity value	acquisitions		dispositions
CORPORATE DEBT INSTRUMENTS (CONTINUED):
FIRST FRANKLIN MTG	MONTHLY FLOATING, 05/25/2035, 40,014		40,011		39,964
FREMONT GENERAL CORP	SEMI-ANN, 7.88%, 03/17/2009, 80,000		80,400		78,400
GCI INC	SEMI-ANN, 7.25%, 02/15/2014, 465,000		448,725		448,144
GEO SUB CP	SEMI-ANN, 11.00%, 05/15/2012, 1,109,000		1,114,545		1,114,000
GEORGIA PACIFIC CORP	SEMI-ANN, 8.88%, 05/15/2031, 467,000		464,665		474,005
GEORGIA PACIFIC GROUP	SEMI-ANN, 7.25%, 06/01/2028, 176,000		155,760		157,080
GEORGIA PACIFIC GROUP	SEMI-ANN, 7.38%, 12/01/2025, 114,000		103,170		103,455
GLOBIX CORP	ANNUAL, 11.00%, 05/01/2008, 18,000		17,460		16,920
GMACM HOME EQUITY	MONTHLY FLOATING, 03/25/2035, 4,430,157		4,435,003		4,432,625
GRAMPIAN FNDG LTD	ZERO COUPON, 11/29/2006, 6,600,000		6,428,895		6,436,725
GREENPOINT HOME EQUITY	MONTHLY FLOATING, 04/15/2029, 394,759		394,968		395,110
GSAMP TRUST	MONTHLY FLOATING, 05/25/2036, 4,674,000		4,674,730		4,674,000
GSAMP TRUST	MONTHLY FLOATING, 03/25/2035, 3,024,583		3,036,325		3,026,946
HILCORP ENERGY FINANCE	SEMI-ANN, 10.50%, 09/01/2010, 314,000		338,335		339,905
HOLLINGER INC	SEMI-ANN FLOATING, 03/01/2011, 437,000		454,480		421,705
HOME EQUITY LOAN TRUST	MONTHLY FLOATING, 09/25/2020, 3,365,866		3,366,172		3,367,970
HOUGHTON MIFFLIN CO	SEMI-ANN, 9.88%, 02/01/2013, 500,000		518,750		531,995
HSBC AUTOMOTIVE TRUST	MONTHLY, 5.28%, 06/17/2007, 3,092,117		3,091,143		3,092,117
ILFC E CAPTIAL TRUST	SEMI-ANN FLOATING, 12/21/2065, 140,000		136,697		140,734
ILFC E CAPTIAL TRUST	SEMI-ANN FLOATING, 12/21/2065, 180,000		179,726		179,624
IMC GLOBAL INC	SEMI-ANN, 10.88%, 08/01/2013, 649,000		722,013		719,306
IMC GLOBAL INC	SEMI-ANN, 11.25%, 06/01/2011, 138,000		145,590		145,763
IMPAC CMB	MONTHLY FLOATING, 09/25/2034, 2,123,956		2,125,630		2,125,615
IMPAC CMB	MONTHLY FLOATING, 12/25/2033, 983,399		983,620		983,246
IMPAC	MONTHLY FLOATING, 07/25/2033, 214,415		214,448		214,415
INDYMAC HOME EQUITY	MONTHLY FLOATING, 03/25/2035, 4,192,807		4,196,900		4,195,755
INDYMAC HOME EQUITY MTG	MONTHLY FLOATING, 04/25/2036, 3,847,224		3,846,897		3,849,629
INTELSTAT	SEMI-ANN FLOATING, 01/15/2012, 509,000		514,713		515,363
ION MEDIA NETWORKS INC	QUARTERLY FLOATING, 01/15/2012, 775,000		782,750		784,688

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Acquired And Disposed of Within Year)
For The Year Ended December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


(a) Identity of Issue, Borrower, Lessor, or Similar	(b) Description of investment, including maturity date,	(c) Cost of		(d) Proceeds of
Party	rate of interest, collateral, par, or maturity value	acquisitions		dispositions
CORPORATE DEBT INSTRUMENTS (CONTINUED):
ION MEDIA NETWORKS INC	QUARTERLY FLOATING, 01/15/2013, 627,000		628,568		633,270
IPAYMENT INC	SEMI-ANN, 9.75%, 05/15/2014, 469,000		466,655		466,655
LABORATORY CORP OF AMERICA HLDGS	ZERO COUPON, 09/11/2021, 619,000		521,508		528,471
LABRANCHE & CO	SEMI-ANN, 11.00%, 05/15/2012, 707,000		774,165		754,723
LABRANCHE & CO	SEMI-ANN, 9.50%, 05/15/2009, 711,000		757,215		735,885
LEHMAN XS TRUST	MONTHLY FLOATING, 02/25/2046, 4,463,634		4,472,478		4,465,726
LINCARE HOLDINGS LNCR	SEMI-ANN, 3.00%, 06/15/2033, 256,000		247,680		250,880
LLOYDS BANK PLC	ZERO COUPON, 10/16/2006, 3,000,000		2,988,188		2,998,684
LOCKHEED MARTIN CORP	SEMI-ANN, 7.65%, 05/01/2016, 7,000		7,878		8,095
LSI LOGIC CORP	SEMI-ANN, 4.000%, 11/01/2006, 1,072,000		1,062,620		1,063,960
LUCENT TECHNOLOGIES	SEMI-ANN, 6.500%, 01/15/2028, 100,000		84,000		83,500
MARINER ENERGY INC	SEMI-ANN, 7.500%, 04/15/2013, 435,000		418,688		415,425
MASTR ABS	MONTHLY FLOATING, 03/25/2035, 738,844		738,899		738,729
MASTR ADJUSTABLE RATE MORTGAGES	MONTHLY FLOATING, 04/25/2046, 4,473,224		4,478,116		4,473,224
MBNA MASTER CREDIT CARD TRUST	MONTHLY FLOATING, 02/15/2009, 1,075,000		1,075,924		1,075,000
MERRILL LYNCH MTG INVESTORS, INC.	MONTHLY, 6.31%, 11/15/2026, 5,572		5,561		5,560
METALS USA INC	SEMI-ANN, 11.13%, 12/01/2015, 323,000		353,685		355,300
MILLENNIUM AMERICA INC	SEMI-ANN, 7.63%, 11/15/2026, 166,000		140,270		142,760
NATEXIS BANQUES POPL	ZERO COUPON, 10/13/2006, 7,000,000		6,939,771		6,997,954
NORFOLF SOUTHERN CORP	SEMI-ANN, 5.26%, 09/17/2014, 1,353,000		1,301,472		1,339,714
NOVA CHEMICALS CORP	SEMI-ANN FLOATING, 11/15/2013, 224,000		222,320		225,120
NOVASTAR MORTGAGE FUNDING TRUST	MONTHLY FLOATING, 09/25/2046, 4,673,914		4,673,914		4,685,599
OMEGA HEALTHCARE INVESTORS	SEMI-ANN, 7.00%, 04/01/2014, 569,000		537,705		549,085
OPTION ONE MORTGAGE	MONTHLY FLOATING, 02/25/2033, 187,219		187,616		187,219
OWENS-ILLINOIS INC	SEMI-ANN, 7.80%, 05/15/2018, 587,000		555,380		554,148
PACIFIC ENERGY PARTNERS	SEMI-ANN, 7.13%, 06/15/2014, 419,000		423,190		431,570
PERPETUAL TRUSTEE CO	QUARTERLY FLOATING, 12/18/2031, 201,660		201,984		201,849
PETROQUEST ENERGY INC	SEMI-ANN, 10.38%, 05/15/2012, 361,000		373,635		376,343
PHOENIX COLOR CORP	SEMI-ANN FLOATING, 02/01/2009, 339,000		318,660		318,660

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Acquired And Disposed of Within Year)
For The Year Ended December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


(a) Identity of Issue, Borrower, Lessor, or Similar	(b) Description of investment, including maturity date,	(c) Cost of		(d) Proceeds of
Party	rate of interest, collateral, par, or maturity value	acquisitions		dispositions
CORPORATE DEBT INSTRUMENTS (CONTINUED):
PLAINS EXPL & PRODTN CO	SEMI-ANN, 8.75%, 07/01/2012, 68,000		71,230		70,861
PMA CAPITAL CORP	SEMI-ANN, 6.50%, 09/30/2022, 192,000		215,040		214,560
PSEG ENERGY HLDGS INC	SEMI-ANN, 8.63%, 02/15/2008, 852,000		873,300		878,625
RENT-WAY INC	SEMI-ANN, 11.88%, 06/15/2010, 319,000		328,171		326,975
RESIDENTIAL ACCREDIT LOANS INC	MONTHLY FLOATING, 05/25/2046, 4,670,052		4,669,322		4,670,052
RESIDENTIAL ASSET MTG PRODS	MONTHLY FLOATING, 02/25/2033, 417,450		418,002		417,450
RESIDENTIAL FUNDING MORTGAGE SEC	MONTHLY FLOATING, 09/25/2035, 3,228,828		3,221,703		3,228,828
REYNOLDS AMERICAN INC	SEMI-ANN, 7.63%, 06/01/2016, 84,000		82,110		84,420
REYNOLDS AMERICAN INC	SEMI-ANN, 7.75%, 06/01/2018, 1,651,000		1,584,960		1,653,759
RIVERSTONE NETWORKS INC	SEMI-ANN, 3.75%, 12/01/2006, 179,000		176,539		177,210
SACO I TRUST	MONTHLY FLOATING, 04/25/2036, 4,012,481		4,012,839		4,013,735
SACO I TRUST	MONTHLY FLOATING, 07/25/2036, 4,674,000		4,674,000		4,674,730
SALOMON BROTHERS MTG SECURITIES	MONTHLY FLOATING, 03/25/2028, 36,764		36,767		36,718
SAMI	MONTHLY 5.40%, 07/25/2036, 4,674,000		4,674,000		4,684,224
SIX FLAGS INC	SEMI-ANN, 8.88%, 02/01/2010, 254,000		253,365		239,750
SIX FLAGS INC	SEMI-ANN, 9.63%, 06/01/2014, 70,000		69,125		66,063
SIX FLAGS INC	SEMI-ANN, 9.75%, 04/15/2013, 186,000		185,768		176,769
SKILLED HEALTHCARE GROUP	SEMI-ANN, 11.00%, 01/15/2014, 466,000		498,620		486,970
SLM STUDENT LOAN TRUST	QUARTERLY FLOATING, 04/25/2018, 4,674,000		4,672,645		4,674,730
SLM STUDENT LOAN TRUST	QUARTERLY FLOATING, 07/25/2017, 4,674,000		4,672,539		4,674,000
SMURFIT CAPITAL FUNDING	SEMI-ANN, 7.50%, 11/20/2025, 413,000		375,830		375,830
SOUTHERN PACIFIC FUNDING CORP	MONTHLY FLOATING, 07/25/2028, 31,598		31,608		31,559
SS&C TECHNOLOGIES INC	SEMI-ANN, 11.75%, 12/01/2013, 785,000		812,475		820,325
STAR GAS PARTNERS	SEMI-ANN, 10.25%, 02/15/2013, 1,017,000		1,050,053		1,017,000
STRUCTURED ASSET SECS CORP	MONTHLY FLOATING, 01/25/2032, 60,374		60,364		60,336
SUN MEDIA CORP	SEMI-ANN, 7.625%, 02/15/2013, 164,000		165,025		167,690
SUNGARD DATA SYSTEMS INC	SEMI-ANN, FLOATING, 08/15/2013, 236,000		249,275		245,323
TEMBEC INDUSTRIES CORP	SEMI-ANN, 8.50%, 02/01/2011, 60,000		31,500		31,500
TEMBEC INDUSTRIES INC	SEMI-ANN, 7.750%, 03/15/2012, 309,000		157,590		157,590

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Acquired And Disposed of Within Year)
For The Year Ended December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


(a) Identity of Issue, Borrower, Lessor, or Similar	(b) Description of investment, including maturity date,	(c) Cost of		(d) Proceeds of
Party	rate of interest, collateral, par, or maturity value	acquisitions		dispositions
CORPORATE DEBT INSTRUMENTS (CONTINUED):
TEMBEC INDUSTRIES INC	SEMI-ANN, 8.63%, 06/30/2009, 284,000		155,490		156,910
TERRA CAPITAL INC	SEMI-ANN, 12.88%, 10/15/2008, 967,000		1,102,380		1,092,709
TFM SA DE	SEMI-ANN, 12.500%, 06/15/2012, 88,000		97,240		96,800
THERMADYNE HLDGS CORP	SEMI-ANN, 9.250%, 02/01/2014, 262,000		238,420		220,080
THORNBURG MORTGAGE SECURITIES	MONTHLY FLOATING, 06/25/2036, 9,348,000		9,348,000		9,349,459
THORNBURG MORTGAGE SECURITIES	MONTHLY FLOATING, 06/25/2036, 3,627,000		3,627,000		3,627,566
TOYS R US INC	SEMI-ANN, 7.63%, 08/01/2011, 926,000		753,090		755,080
TOYS R US INC	SEMI-ANN, 8.750%, 09/01/2021, 1,058,000		976,005		957,490
UNIFI INC	SEMI-ANN, 11.50%, 05/15/2014, 663,000		641,453		641,453
UNITED GLOBAL INC	SEMI-ANN, 1.750%, 04/15/2024, 623,000		743,769		735,153
US STEEL CORP	SEMI-ANN, 10.750% 08/01/2008, 399,000		428,925		424,297
US WEST COMMUNICATIONS	SEMI-ANN, 7.20%, 11/10/2026, 130,000		118,625		119,600
US WEST COMMUNICATIONS	SEMI-ANN, 7.25%, 09/15/2025, 256,000		239,360		241,920
VENOCO INC	SEMI-ANN, 8.75%, 12/15/2011, 427,000		414,190		414,190
VIACOM INC	SEMI-ANN, 5.625%, 08/15/2012, 140,000		136,428		138,510
WACHOVIA BK NATL ASSN MTN VR	QUATERLY FLOATING, 06/27/2008, 7,000,000		6,998,662		6,998,662
WAMU MORTGAGE	MONTHLY FLOATING, 12/25/2045, 4,352,493		4,367,237		4,364,053
WAMU MORTGAGE	MONTHLY FLOATING, 12/25/2045, 719,961		722,324		721,873
WAMU MORTGAGE	MONTHLY FLOATING, 07/25/2045, 2,102,136		2,104,289		2,107,719
WAMU MORTGAGE TRUST	MONTHLY FLOATING, 08/25/2045, 3,717,765		3,739,832		3,733,448
WAMU	MONTHLY FLOATING, 07/25/2045, 584,571		585,442		586,032
WELLS FARGO CO	SEMI-ANN, 4.20%, 01/15/2010, 980,000		936,650		948,297
WESTERN RESOURCES	SEMI-ANN, 7.13%, 08/01/2009, 28,000		28,813		28,599
WFS FINANCIAL	MONTHLY, 4.11%, 06/17/2008, 1,455,174		1,452,956		1,455,174
WFS FINANCIAL	MONTHLY, 2.85%, 09/22/2008, 331,437		329,303		331,437
WORLD OMNI AUTO	MONTHLY, 4.85%, 03/15/2007, 1,100,000		1,100,000		1,100,000
XTO ENERGY INC	SEMI-ANN, 6.25%, 04/15/2013, 858,000		859,875		879,155
ZIFF DAVIS MEDIA INC	QUARTERLY FLOATING, 05/01/2012, 369,000		347,783		348,705


TOTAL CORPORATE DEBT INSTRUMENTS			204,237,488		204,364,767

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Acquired And Disposed of Within Year)
For The Year Ended December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


(a) Identity of Issue, Borrower, Lessor, or Similar	(b) Description of investment, including maturity date,	(c) Cost of		(d) Proceeds of
Party	rate of interest, collateral, par, or maturity value	acquisitions		dispositions
CORPORATE STOCK — PREFERRED:
LORAL SKYNET CORPORATION	138 SHARES		27,324		27,323
SOVEREIGN REAL ESTATE INVT TR	865 SHARES		1,167,750		1,180,726
TELECOM ITALIA SPA	.210 SHARES		1		—
VODAFONE GROUP	2,235,400 SHARES		—		635,550
3I GROUP	67,800 SHARES		169,208		159,052


TOTAL CORPORATE STOCK — PREFERRED			1,364,283		2,002,651


CORPORATE STOCK — COMMON:
ABC LEARNING CENTRES	18,800 SHARES		100,140		107,584
ACCENTURE LTD	488,972 SHARES		14,116,622		14,582,973
ACE LTD	36,774 SHARES		1,965,203		1,991,457
ACOM CO	19,553 SHARES		884,395		749,477
ADECCO SA	75,412 SHAREES		4,450,847		4,586,467
ADELAIDE BANK	31,800 SHARES		313,204		318,113
ADMINISTAFF INC	1,600 SHARES		54,787		67,833
ADVANCED DIGITAL INFORMATION CORP	92,000 SHARES		893,784		1,091,094
AEA TECHNOLOGY	90,228 SHARES		171,344		175,255
AEM SPA	771,100 SHARES		1,871,107		2,326,856
AGIE CHARMILLES HLDG	4,000 SHARES		448,651		485,957
AIR PRODUCTS & CHEMICALS INC	52,150 SHARES		3,086,759		3,098,585
ALK — ABELLO	4,000 SHARES		872,172		872,135
ALLEGIANT TRAVEL	500 SHARES		9,000		12,311
ALLIANCE BOOTS PLC	165,168 SHARES		2,305,695		2,502,170
ALLREAL HLDG	7,000 SHARES		726,560		701,252
ALTADIS SA	110,229 SHARES		5,220,071		5,288,511
AMB GENERALI HLDG	8,100 SHARES		1,152,475		1,109,025
AMBAC FINANCIAL GROUP INC	167,989 SHARES		12,945,232		13,266,621
AMERICAN RAILCAR INDUSTRIES	900 SHARES		18,900		20,552
AMERICAN STANDARD COMPANIES INC	16,181 SHARES		646,431		638,729

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Acquired And Disposed of Within Year)
For The Year Ended December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


(a) Identity of Issue, Borrower, Lessor, or Similar	(b) Description of investment, including maturity date,	(c) Cost of		(d) Proceeds of
Party	rate of interest, collateral, par, or maturity value	acquisitions		dispositions
CORPORATE STOCK — COMMON (CONTINUED):
AMSTERDAM COMMODITIES	8,475 SHARES		38,484		40,338
AMVESCAP	106,000 SHARES		975,660		1,187,145
ANGANG STEEL CO LTD	132,000 SHARES		112,861		108,345
ANSYS INC	79,700 SHARES		3,097,434		4,205,501
APACHE CORP	6,000 SHARES		411,120		423,696
ARAMARK CORP	198,482 SHARES		5,513,830		5,344,508
ARC ENERGY	162,748 SHARES		186,277		172,279
ARKEMA	1,055 SHARES		39,510		41,450
ARKEMA	6,817 SHARES		265,944		257,821
ARTS OPTICAL INTERNATIONAL HLDGS	56,000 SHARES		16,905		16,835
ASKA PHARMACEUTICAL CO LTD	2,000 SHARES		16,887		17,632
ASTELLAS PHARMA INC	136,400 SHARES		5,011,416		4,811,515
ASTRON	8,267 SHARES		18,957		16,121
ATI TECHNOLOGIES INC	19,900 SHARES		301,242		424,537
ATLAS COPCO	84,800 SHARES		2,376,428		2,070,958
AUSTAL LIMITED	146,600 SHARES		340,199		365,805
AUTOSTRADA TORINO-MILANO-SPA	33,300 SHARES		692,836		676,603
AXA	195,507 SHARES		—		4
AXIS CAPITAL HLDGS	50,117 SHARES		1,567,660		1,579,736
BABCOCK INTERNATIONAL GROUP	138,000 SHARES		842,059		1,071,692
BACOU-DALLOZ	700 SHARES		84,062		84,441
BAIL-INVESTISSEMENT FONCIERE	10,800 SHARES		713,667		707,052
BANCHE POPOLARI UNITE	84,006 SHARES		2,202,853		2,278,003
BANCO BILBAO VIZCAYA ARGENTARIA	298,702 SHARES		6,141,558		6,368,167
BANCO COMERCIAL PORTUGUES	432,000 SHARES		1,243,505		1,364,664
BANCO POPULAR ESPANOL	231,840 SHARES		3,453,573		3,487,748
BANK OF IRELAND (GOVERNOR & CO OF)	214,397 SHARES		3,824,259		3,795,323
BANK OF YOKOHAMA	497,000 SHARES		3,847,658		3,827,824
BANKINTER	14,200 SHARES		981,946		1,034,429

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Acquired And Disposed of Within Year)
For The Year Ended December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


(a) Identity of Issue, Borrower, Lessor, or Similar	(b) Description of investment, including maturity date,	(c) Cost of		(d) Proceeds of
Party	rate of interest, collateral, par, or maturity value	acquisitions		dispositions
CORPORATE STOCK — COMMON (CONTINUED):
BARE ESCENTUALS INC	1,100 SHARES		24,200		30,396
BASF	44,057 SHARES		3,536,638		3,523,395
BAXTER INTL INC	245,946 SHARES		9,259,867		9,496,696
BELLSOUTH CORP	36,108 SHARES		978,527		982,999
BEMAX RES LTD	270,364 SHARES		55,600		56,227
BENI STABILI SPA	619,213 SHARES		—		5,912
BG GROUP	578,802 SHARES		7,714,704		7,814,070
BK OF NEW YORK	11,400 SHARES		363,090		366,454
BLACK & DECKER CORP	95,508 SHARES		8,305,376		8,453,141
BORAL LTD	45,100 SHARES		272,308		250,445
BRAZIN	49,121 SHARES		54,173		65,378
BUILDINGS MATLS HLDG CORP	1,100 SHARES		75,031		79,280
BUZZI UNICEM SPA	47,200 SHARES		1,095,181		1,114,834
CABLEVISION SYSTEMS CORP	158,100 SHARES		3,733,402		4,217,953
CALTAGIRONE SPA	900 SHARES		10,084		8,747
CALTEX AUSTRALIA	118,000 SHARES		2,129,220		2,009,562
CANON APTEX	16,600 SHARES		286,701		303,081
CAPITAL ONE FINANCIAL CORP	2,325 SHARES		3,719,676		3,834,319
CAPITALIA SPA	547,900 SHARES		4,564,939		4,975,239
CAREER EDUCATION CORP	161,175 SHARES		5,434,821		5,273,700
CARGOTEC CORPORATION	21,900 SHARES		985,688		901,471
CARNIVAL CORP	57,870 SHARES		3,094,309		3,140,565
CATHAY PACIFIC AIRWAYS	229,000 SHARES		397,968		402,552
CENDANT CORP	295,001 SHARES		5,088,767		5,065,181
CENTRICA	879,113 SHARES		4,638,078		4,593,793
CEREBOS PACIFIC	47,000 SHARES		84,740		92,368
CHAODA MORDERN AGRICULTURE HLDGS	288,000 SHARES		175,793		153,938
CHEN HSONG HLDGS	120,000 SHARES		65,421		63,967
CHERRYFORETAGEN	1,292 SHARES		1,009		2,155

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Acquired And Disposed of Within Year)
For The Year Ended December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


(a) Identity of Issue, Borrower, Lessor, or Similar	(b) Description of investment, including maturity date,	(c) Cost of		(d) Proceeds of
Party	rate of interest, collateral, par, or maturity value	acquisitions		dispositions
CORPORATE STOCK — COMMON (CONTINUED):
CHINA TRAVEL INTL INVESTMENT	24,000 SHARES		5,490		5,400
CHONG HING BANK LTD	4,000 SHARES		8,698		8,709
CHOW SANG SANG HLDGS INTL	128,000 SHARES		48,736		64,069
CHUAN HUP HLDGS	25,000 SHARES		4,939		5,099
CHUDENKO CORP	21,200 SHARES		345,705		319,130
CHUM	8,300 SHARES		217,332		348,722
CIA DE DISTRIBUCION INTEGRAL LOGIST	13,200 SHARES		771,902		762,575
CITY PACIFIC	25,200 SHARES		83,958		86,640
CLARCOR INC	2,100 SHARES		58,039		63,386
CLAYMONT STEEL HOLDINGS INC	34,800 SHARES		591,600		652,146
CLINTON CARDS	36,741 SHARES		38,698		44,693
CLOROX CO	141,463 SHARES		8,047,830		8,175,082
CLOSE BROS GROUP	46,200 SHARES		854,640		885,327
CNPC (HONG KONG)	390,000 SHARES		218,832		216,616
CODAN	6,000 SHARES		433,969		467,587
COL CAPITAL	84,000 SHARES		33,215		40,876
COLGATE — PALMOLIVE CO	13,764 SHARES		754,955		755,373
COMCAST CORP	27,300 SHARES		701,646		915,978
COMFORTDELGRO CORP	115,000 SHARES		107,458		112,893
COMMONWEALTH TELEPHONE ENTERPRISES	16,600 SHARES		741,882		679,774
COMPAGNIE DE ST-GOBAIN	110,215 SHARES		7,877,835		7,888,764
COMPAGNIE FINANCIERE RICHEMONT	67,200 SHARES		3,062,188		2,982,739
COMPANHIA VALE DO RIO DOCE	216,688 SHARES		5,209,180		5,073,572
COMPLETE PRODUCTION SERVICES INC	9,000 SHARES		216,000		237,136
CONOCOPHILLIPS	22,491 SHARES		1,308,526		1,356,825
CONTINENTAL	71,400 SHARES		7,275,083		7,907,207
CORPORATE EXPRESS AUSTRALIA	47,900 SHARES		216,987		181,867
CORUS GROUP	167,000 SHARES		1,412,185		1,509,873
COSMO OIL CO	77,000 SHARES		358,913		311,267

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Acquired And Disposed of Within Year)
For The Year Ended December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


(a) Identity of Issue, Borrower, Lessor, or Similar	(b) Description of investment, including maturity date,	(c) Cost of		(d) Proceeds of
Party	rate of interest, collateral, par, or maturity value	acquisitions		dispositions
CORPORATE STOCK — COMMON (CONTINUED):
CREDIT SAISON CO	88,000 SHARES		4,172,331		3,605,126
CREITO ARTIGIANO	11,398 SHARES		46,522		53,961
CREDITO VALTELLINESE	3,729 SHARES		52,344		53,828
CROSS-HERBOUR (HLDGS)	44,000 SHARES		33,651		32,489
CSL	33,200 SHARES		1,349,651		1,201,245
CWT LTD	50,000 SHARES		20,000		18,891
DAI-DAN CO	3,000 SHARES		19,341		16,265
DAIKIN INDUSTRIES	123,000 SHARES		4,271,618		4,031,186
DAISAN BANK	15,000 SHARES		51,774		48,712
DAIWA SECURITIES GROUP INC	284,000 SHARES		3,480,781		3,332,066
DANISCO A/S	1,541 SHARES		116,465		122,345
DANTHERM	100 SHARES		1,631		1,693
DAVIDE CAMPARI	50,456 SHARES		466,719		462,436
DBV-WINTERTHUR HLDG	10,600 SHARES		726,740		848,617
DCC	20,817 SHARES		517,340		535,186
DENWAY MOTORS	740,000 SHARES		254,602		293,529
DEUTSCHE LUFTHANSA	80,000 SHARES		1,489,259		1,716,403
DEUTSCHE TELEKOM	91,200 SHARES		1,487,558		1,339,859
DEXIA	194,443 SHARES		4,674,170		4,662,356
DICOM GROUP	2,063 SHARES		9,587		9,529
DOUBLE-TAKE SOFTWARE INC	38,700 SHARES		425,700		463,443
DUN & BRADSTREET CORP (DELAWARE)	68,332 SHARES		4,575,511		4,665,814
DYCKERHOFF AG	1,150 SHARES		55,936		53,908
EAST JAPAN RAILWAY CO	188 SHARES		1,383,813		1,307,607
EASYJET ORD	132,000 SHARES		938,949		1,579,390
EHEALTH INC	400 SHARES		5,600		9,341
EMBARQ CORPORATION	2,950 SHARES		124,092		120,795
EMC CORP MASSACHUSETTS	41,600 SHARES		566,592		566,604
EMERSON ELECTRIC CO	19,607 SHARES		1,464,643		1,464,676

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Acquired And Disposed of Within Year)
For The Year Ended December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


(a) Identity of Issue, Borrower, Lessor, or Similar	(b) Description of investment, including maturity date,	(c) Cost of		(d) Proceeds of
Party	rate of interest, collateral, par, or maturity value	acquisitions		dispositions
CORPORATE STOCK — COMMON (CONTINUED):
ENERGIEKONTOR	2,500 SHARES		13,448		7,106
EQUIFAX INC	167,294 SHARES		6,360,518		6,370,946
ERG SPA	13,437 SHARES		289,532		270,832
ESPRIT HLDGS	611,500 SHARES		4,991,515		4,991,898
EXLSERVICE HLDGS INC	100 SHARES		1,350		1,716
FADESA INMOBILIARIA SA	739 SHARES		23,656		33,383
FAIRFAX MEDIA LTD	6,600 SHARES		20,094		19,738
FANUC CO	39,900 SHARES		3,588,086		3,344,901
FINUCHEM	7,000 SHARES		157,727		161,361
FIRSTENERGY CORP	23,700 SHARES		1,165,642		1,240,287
FISERV INC	14,100 SHARES		610,107		614,621
FISHER & PAYKEL HEALTHCARE CORP	45,300 SHARES		120,037		120,118
FISHER SCIENTIFIC INTERNATIONAL	133,163 SHARES		8,237,463		8,332,099
FLETCHER BUILDING	274,000 SHARES		1,557,462		1,674,655
FLIGHT CENTRE	20,200 SHARES		178,025		186,161
FLORIDIENNE	1 SHARE		97		104
FOMENTO DE CONSTRUCCIONES	19,600 SHARES		1,519,555		1,477,655
FOMENTO ECONOMICO MEXCANO	30,374 SHARES		2,542,911		2,622,028
FOREST LABORATORIES INC	160,400 SHARES		6,604,585		7,300,539
FORTIS UNIT	120,657 SHARES		4,114,622		4,227,093
FORTUNE BRANDS INC	15,862 SHARES		1,237,553		1,233,304
FRANKLIN RESOURCES INC	108,063 SHARES		10,159,003		10,331,581
FRONTIER OIL CORP	27,800 SHARES		741,295		980,733
FUNTASTIC LTD	97,000 SHARES		120,877		120,732
GALLAHER GROUP	560 SHARES		9,342		9,478
GIMV	3,434 SHARES		201,179		209,215
GLORY	21,500 SHARES		398,289		401,187
GOLDMAN SACHS GROUP INC	5,523 SHARES		705,342		703,327
GRAINCORP	17,800 SHARES		105,378		101,923

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Acquired And Disposed of Within Year)
For The Year Ended December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


(a) Identity of Issue, Borrower, Lessor, or Similar	(b) Description of investment, including maturity date,	(c) Cost of		(d) Proceeds of
Party	rate of interest, collateral, par, or maturity value	acquisitions		dispositions
CORPORATE STOCK — COMMON (CONTINUED):
GROUP 4 SECURICOR	159,000 SHARES		519,839		556,791
GUANGDONG INVESTMENT	254,000 SHARES		99,552		98,804
GUNMA BANK	57,000 SHARES		420,664		417,570
GUOCOLAND	59,000 SHARES		89,276		95,088
GWA INTERNATIONAL	9,400 SHARES		21,771		21,852
H.K.AIRCRAFT ENGINEERING CO	4,400 SHARES		57,613		54,196
HAKUDO	5,900 SHARES		136,875		118,927
HAMPSON INDUSTRIES	3,760 SHARES		9,565		11,721
HANKYU DEPARTMENT STORES INC	56,000 SHARES		433,369		463,763
HARTE-HANKS INC	162,705 SHARES		4,293,785		4,333,276
HASEKO CORP	153,500 SHARES		544,786		519,149
HEALTH MANAGEMENT ASSOCIATES INC	30,333 SHARES		666,113		664,900
HERA SPA	30,000 SHARES		101,139		106,536
HESS CORP	8,600 SHARES		1,149,371		1,203,005
HEWLETT PACKARD CO	30,700 SHARES		880,286		1,002,554
HIGH CO	998 SHARES		15,211		14,811
HIROSE ELECTRIC CO	16,200 SHARES		1,969,820		1,983,194
HOLCIM CHF2	75,543 SHARES		5,778,269		5,719,161
HONGKONG CHINESE	18,000 SHARES		2,473		2,455
HOSIDEN CORP	33,700 SHARES		341,700		336,565
HOYA CORP	156,600 SHARES		5,575,489		5,483,551
HUABAO INTERNATIONAL HLDGS	162,000 SHARES		69,207		74,370
HUADIAN POWER INTERNATIONAL CORP	114,000 SHARES		31,726		29,880
HUGOTON RTY TR	8,405 SHARES		237,650		219,108
HUNTING	9,330 SHARES		67,645		78,114
HUNTSWORTH	234,000 SHARES		391,760		398,166
HUTCHISON TELECOMMUNICATIONS INTERN	4,000 SHARES		6,200		6,376
IFX GROUP PLC	39,000 SHARES		113,528		139,081
IMERYS	50,957 SHARES		4,072,286		4,008,779

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Acquired And Disposed of Within Year)
For The Year Ended December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


(a) Identity of Issue, Borrower, Lessor, or Similar	(b) Description of investment, including maturity date,	(c) Cost of		(d) Proceeds of
Party	rate of interest, collateral, par, or maturity value	acquisitions		dispositions
CORPORATE STOCK — COMMON (CONTINUED):
IMMSI SPA	93,830 SHARES		259,938		250,499
IMMSI SPA	17,602 SHARES		—		2,789
IMS HEALTH INC	276,581 SHARES		6,892,399		6,989,508
INCITEC PIVOT	381 SHARES		7,361		8,730
INGERSOLL-RAND CO	600 SHARES		24,222		24,113
INTEC HOLDINGS LTD	18,000 SHARES		227,156		229,024
INTERPUBLIC GROUP COMPANIES INC	513,316 SHARES		4,953,499		5,124,579
INVACARE CORP	1,600 SHARES		64,969		49,979
ISILON SYSTEMS INC	400 SHARES		5,200		9,183
JAMES HARDIE INDUSTRIES	44,300 SHARES		249,355		248,147
JANUS CAPITAL GROUP INC	490,873 SHARES		9,144,964		9,482,658
JAPAN PETROLEUM EXPLORATION CO	6,700 SHARES		430,158		397,825
JINGWEI TEXTILE MACHINERY CO	2,000 SHARES		510		499
JOHNSON CONTROLS INC	170,473 SHARES		12,429,186		12,722,506
JOLLY HOTELS	506 SHARES		9,130		12,731
JUBILEE MINES	1,710 SHARES		12,428		12,440
JUNIPER NETWORKS	19,733 SHARES		440,046		418,702
JUPITERMEDIA CORP	52,700 SHARES		836,034		341,038
KAMIGUMI CO	51,000 SHARES		386,951		388,035
KAWASAKI KISEN KAISHA	68,000 SHARES		397,447		414,618
KBW INC	200 SHARES		4,200		5,287
KELDA GROUP	91,500 SHARES		1,438,723		1,497,661
KEPPEL LAND	93,000 SHARES		238,532		278,102
KINGBOARD COPPER FOIL HLDGS	169,000 SHARES		30,320		31,641
KINKI NIPPON TOURIST CO	48,000 SHARES		187,396		184,019
KINNEVIK INV	82,000 SHARES		891,396		980,401
KINTETSU WORLD EXPRESS	300 SHARES		7,077		6,809
KIRIN BREWERY CO	202,200 SHARES		3,192,548		2,735,199
KOBAYASHI PHARMACEUTICALS	40,600 SHARES		1,670,160		1,438,222

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Acquired And Disposed of Within Year)
For The Year Ended December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


(a) Identity of Issue, Borrower, Lessor, or Similar	(b) Description of investment, including maturity date,	(c) Cost of		(d) Proceeds of
Party	rate of interest, collateral, par, or maturity value	acquisitions		dispositions
CORPORATE STOCK — COMMON (CONTINUED):
KURIMOTO	41,000 SHARES		117,191		112,259
K1 VENTURES	597,000 SHARES		135,839		150,318
LAFARGE	53,799 SHARES		6,751,789		6,584,052
LAND SECURITIES GROUP	50,400 SHARES		1,858,099		1,988,690
LATECOERE	4,153 SHARES		128,677		130,234
LAVENDON GROUP	48,000 SHARES		256,307		255,146
LEIGHTON HLDGS LTD	20,400 SHARES		271,113		285,939
LILLY(ELI) & CO	13,500 SHARES		763,965		769,355
LOCKHEED MARTIN CORP	12,700 SHARES		803,086		968,638
LOEWS CORP CAROLINA GROUP	19,300 SHARES		849,007		876,345
LONMIN	25,200 SHARES		1,329,669		1,229,768
LOOPNET INC	21,600 SHARES		259,200		374,533
LORAL SPACE & COMMUNICATIONS LTD	1,395 SHARES		39,186		40,342
LOWE’S COS INC	4,000 SHARES		266,640		265,609
LUNDERGFORETAGEN	177 SHARES		9,516		9,264
LUPUS CAPITAL	462,000 SHARES		111,359		119,811
MAGELLAN HEALTH SERVICES INC	14,800 SHARES		472,421		566,211
MARATHON OIL CORP	5,962 SHARES		363,503		385,866
MATTEL INC	318,558 SHARES		5,039,588		4,956,848
MAX CO	23,000 SHARES		320,635		321,290
MBIA INC	188,272 SHARES		11,326,444		11,539,722
MCAFEE INC	13,400 SHARES		363,542		362,705
MCCLATCHY CO	75,442 SHARES		4,458,622		4,442,420
MCDONALD’S CORP	24,000 SHARES		809,280		804,196
MCGUIGAN SIMEON WINES LTD	39,716 SHARES		80,480		85,516
MEDICLIN	11,201 SHARES		57,204		59,892
MERCK SERONO	1,830 SHARES		1,264,686		1,575,483
METLIFE INC	5,880 SHARES		288,120		294,294
METRO HLDGS	81,000 SHARES		40,984		39,017

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Acquired And Disposed of Within Year)
For The Year Ended December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


(a) Identity of Issue, Borrower, Lessor, or Similar	(b) Description of investment, including maturity date,	(c) Cost of		(d) Proceeds of
Party	rate of interest, collateral, par, or maturity value	acquisitions		dispositions
CORPORATE STOCK — COMMON (CONTINUED):
MGI COUTIER	485 SHARES		14,859		14,623
MICHAELS STORES INC	146,600 SHARES		4,976,979		6,450,400
MINEBEA CO	47,000 SHARES		258,679		296,944
MITSUBISHI UFJ FINANCIAL GROUP	700 SHARES		9,797,489		9,418,175
MITSUI FUDOSAN	221,800 SHARES		4,821,528		4,667,620
MOBILEONE	86,000 SHARES		109,870		107,145
MOHAWK INDUSTRIES	81,555 SHARES		7,093,654		7,271,839
MONDO TV	1,473 SHARES		50,239		44,774
MORRISON(WM.) SUPERMARKETS	1,619,653 SHARES		5,826,521		5,998,386
MR BRICOLAGE	2,000 SHARES		38,415		43,056
NABORS INDUSTRIES	18,103 SHARES		1,371,302		1,413,680
NAGOYA RAILROAD CO	103,000 SHARES		338,817		337,289
NATIONAL MEDICAL HEALTH	23,500 SHARES		728,819		396,508
NATIONALE A PORTEFEUILLE	2,660 SHARES		933,075		922,884
NATL EXPRESS GRP	58,800 SHARES		964,288		906,304
NEC MOBILING	6,600 SHARES		119,678		121,725
NEPTUNE ORIENT LINES	62,000 SHARES		74,951		76,717
NESTLE	25,979 SHARES		8,143,621		8,070,318
NEW WORLD CHINA	388,000 SHARES		159,437		163,677
NEW YORK & CO INC	17,900 SHARES		312,352		253,431
NEWS CORP	154,300 SHARES		2,399,365		2,371,549
NIDEC CORP	90,800 SHARES		6,338,204		6,214,714
NIGHTHAWK RADIOLOGY HOLDINGS	900 SHARES		14,400		18,076
NIKKO CORDIAL CORP	282,500 SHARES		3,617,898		3,523,148
NINTENDO CO LTD	17,200 SHARES		2,888,860		3,024,752
NIPPON DENWA SHISETSU CO	4,000 SHARES		15,161		13,660
NISSHIN SEIFUN GROUP INC	149,000 SHARES		1,633,478		1,603,817
NISSIN ELECTRIC CO	54,000 SHARES		250,244		210,373
NITTO DENKO CORP	72,400 SHARES		5,161,702		4,714,435

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Acquired And Disposed of Within Year)
For The Year Ended December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


(a) Identity of Issue, Borrower, Lessor, or Similar	(b) Description of investment, including maturity date,	(c) Cost of		(d) Proceeds of
Party	rate of interest, collateral, par, or maturity value	acquisitions		dispositions
CORPORATE STOCK — COMMON (CONTINUED):
NOBLE ENERGY INC	31,581 SHARES		1,272,714		1,302,935
NOKIA OYJ	343,695 SHARES		7,013,915		6,838,200
NOMURA HOLDINGS	206,000 SHARES		3,862,287		3,650,193
NORBORD INC	700 SHARES		5,478		5,261
NORSK HYDRO ASA	99,200 SHARES		2,739,321		2,887,880
NORTH FORK BANCORP INC	136,800 SHARES		3,719,676		3,672,396
NORTHERN TRUST CORP	251,498 SHARES		13,032,626		13,144,436
NUPLEX INDUSTRIES	33,000 SHARES		132,812		145,453
OAMPS	57,500 SHARES		146,952		193,849
OHB TELEDATA AG	11,000 SHARES		135,363		117,039
OMNICARE INC	133,292 SHARES		7,626,968		7,750,850
OMNICOM GROUP INC	77,953 SHARES		6,636,139		6,712,829
OPAP SA	14,342 SHARES		487,160		530,105
ORACLE CORP	127,684 SHARES		1,559,022		1,598,504
PACIFIC CENTURY	248,000 SHARES		70,255		68,262
PACIFICA GROUP	75,200 SHARES		126,494		87,332
PAN UNITED CORP	28,000 SHARES		10,601		10,947
PAN-OCEAN ENERGY	100 SHARES		4,741		5,191
PEACE MARK(HLDGS)	120,000 SHARES		62,354		67,235
PERLOS OYJ	300 SHARES		2,836		1,556
PESCANOVA	554 SHARES		17,370		18,169
PETROFAC	136,000 SHARES		736,366		778,676
PETROLEO BRASILEIRO	10,132 SHARES		902,599		900,928
PICO FAR EAST HLDGS	312,000 SHARES		67,563		57,664
PITNEY BOWES INC	286,303 SHARES		12,096,302		12,339,718
POLYTEC ASSET HLDGS	350,000 SHARES		94,373		105,336
POPULAR HLDGS	217,000 SHARES		54,470		51,076
POPULAR INC	234,499 SHARES		4,959,654		4,920,669
POWERWAVE TECHNOLOGIES INC	125,700 SHARES		1,322,334		820,029

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Acquired And Disposed of Within Year)
For The Year Ended December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


(a) Identity of Issue, Borrower, Lessor, or Similar	(b) Description of investment, including maturity date,	(c) Cost of		(d) Proceeds of
Party	rate of interest, collateral, par, or maturity value	acquisitions		dispositions
CORPORATE STOCK — COMMON (CONTINUED):
PREMIER INVESTMENTS	10,000 SHARES		36,455		43,023
PRICE T. ROWE ASSOC INC	115,130 SHARES		8,292,814		8,462,383
PROCTER & GAMBLE CO	22,500 SHARES		1,302,300		1,309,671
PROMISE CO	32,520 SHARES		1,479,258		1,159,614
QUALITY HEALTHCARE	188,000 SHARES		99,542		79,592
RAFFLES EDUCATION CORP	111,000 SHARES		131,145		121,212
RAFFLES MEDICAL GROUP	37,000 SHARES		19,335		21,345
RANDGOLD RESOURCES	10,946 SHARES		180,724		181,313
RAYMARINE	58,109 SHARES		442,950		454,049
RCR TOMLINSON	3,100 SHARES		4,987		5,064
REECE AUSTRALIA	360 SHARES		4,169		4,083
REED ELSEVIER	313,372 SHARES		4,712,180		4,674,243
REMOTE DYNAMICS INC	541 SHARES		76		57
RENOLD	23,000 SHARES		29,666		33,174
RESOLUTION PLC	83,200 SHARES		—		146,696
RESOLUTION PLC	93,600 SHARES		1,162,742		1,203,141
REYNOLDS AMERICAN INC	5,800 SHARES		552,914		557,504
RICOH LEASING CO	12,200 SHARES		358,472		333,717
RINKER GROUP	255,000 SHARES		3,065,411		2,863,496
RIVERSDALE MINING	4,706 SHARES		5,391		6,004
ROGERS COMMUNICATIONS INC	40,488 SHARES		2,054,939		2,324,707
RYOBI	61,000 SHARES		408,892		464,084
RYOYO ELECTRO CORP	16,200 SHARES		208,193		216,369
SAIC INC COM	7,800 SHARES		117,000		136,911
SALMAT LTD	3,500 SHARES		7,245		7,152
SAMSUNG ELECTRONICS CO	13,284 SHARES		4,174,497		4,198,408
SAP	18,203 SHARES		3,840,443		3,774,453
SAURER	5,147 SHARES		387,044		574,450
SC GLOBAL DEVELOPMENTS	22,000 SHARES		26,749		30,494

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Acquired And Disposed of Within Year)
For The Year Ended December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


(a) Identity of Issue, Borrower, Lessor, or Similar	(b) Description of investment, including maturity date,	(c) Cost of		(d) Proceeds of
Party	rate of interest, collateral, par, or maturity value	acquisitions		dispositions
CORPORATE STOCK — COMMON (CONTINUED):
SCHRODERS	205,754 SHARES		3,843,593		3,761,593
SCHWAB (CHARLES) CORP	57,000 SHARES		838,417		998,448
SCOTTISH & NEWCASTLE	108,000 SHARES		1,045,308		1,142,080
SECOM CO	67,500 SHARES		3,194,463		3,149,526
SEQUANA CAPITAL	14,974 SHARES		365,238		377,670
SERVICEMASTER CO	263,658 SHARES		3,150,713		3,227,633
SEVEN & I HOLDINGS CO LTD	152,100 SHARES		5,016,113		4,984,906
SEVERN TRENT	79,156 SHARES		1,722,079		1,902,804
SHARP CORP	137,000 SHARES		2,166,785		2,117,399
SHENZHEN EXPRESSWAY	134,000 SHARES		65,565		66,370
SHIKOKU COCA COLA BOTTLING CO	1,500 SHARES		17,434		17,930
SHIN-ETSU CHEMICAL CO	78,900 SHARES		4,293,032		4,280,276
SIA ENGINEERING CO	33,000 SHARES		74,671		74,760
SINGAPORE LAND	6,000 SHARES		22,460		24,063
SINGAPORE SHIPPING	344,000 SHARES		116,942		84,624
SKF	60,000 SHARES		946,099		1,023,169
SMC CORP	25,500 SHARES		3,611,468		3,569,463
SMITH & NEPHEW	465,249 SHARES		3,584,002		3,523,347
SOCIETE GENERALE	63,200 SHARES		—		86,809
STANDARD CHARTERED	210,975 SHARES		5,150,776		5,184,323
STB LEASING CO	10,400 SHARES		165,744		136,554
STEF-TFE	2,400 SHARES		131,939		121,397
STMICROELECTRONICS	38,000 SHARES		616,054		696,169
STRABAG AG	500 SHARES		53,926		74,610
SUMITOMO CORP	524,000 SHARES		6,916,993		6,774,497
SUMITOMO ELECTRIC	186,000 SHARES		2,667,145		2,475,456
SUMITOMO HEAVY INDUSTRIES	64,000 SHARES		576,447		546,944
SUMITOMO MITSUI FINANCIAL GROUP INC	128 SHARES		1,374,268		1,295,682
SUNTELEPHONE CO	3,000 SHARES		24,858		22,559

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Acquired And Disposed of Within Year)
For The Year Ended December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


(a) Identity of Issue, Borrower, Lessor, or Similar	(b) Description of investment, including maturity date,	(c) Cost of		(d) Proceeds of
Party	rate of interest, collateral, par, or maturity value	acquisitions		dispositions
CORPORATE STOCK — COMMON (CONTINUED):
SYDBANK	25,800 SHARES		853,489		1,038,806
SYMBION HEALTH LIMITED	183,000 SHARES		417,114		464,001
SYMPHONY HLDGS	400,000 SHARES		53,989		52,598
TABCORP HLDGS	39,000 SHARES		446,198		453,519
TAI SANG LAND DEVELOPMENT CO	22,000 SHARES		8,336		8,607
TAIKISHA	14,600 SHARES		180,423		174,765
TAKEUCHI MFG CO	4,000 SHARES		179,945		181,209
TD BANKNORTH INC	213,756 SHARES		6,209,612		6,274,451
TELEVISION BROADCASTS	21,000 SHARES		116,255		116,124
TEN NETWORK HLDGS	110,200 SHARES		233,125		236,676
TENCENT HLDGS LIMITED	9,000 SHARES		17,024		17,134
TENON LTD	3,387 SHARES		7,195		6,777
TEXAS INSTRUMENTS INC	21,100 SHARES		678,495		659,656
TGS NOPEC GEOPHYSICAL CO	44,000 SHARES		801,949		743,841
TIMBERCORP	175,233 SHARES		432,692		381,375
TOHO TITANIUM CO	9,300 SHARES		514,987		554,751
TOM ONLINE INC	166,000 SHARES		39,906		26,543
TOURISM HLDGS	4,200 SHARES		4,924		5,051
TOYO SUISAN KAISHA	106,000 SHARES		1,672,720		1,550,737
TOYO TIRE & RUBBER CO	6,000 SHARES		24,620		26,933
TRINITY GROUP	18,000 SHARES		17,789		18,308
TROY RESOURCES NL	5,100 SHARES		9,531		10,535
TSUKISHIMA KIKAI CO	22,000 SHARES		278,332		256,155
UBS	42,560 SHARES		2,317,349		2,574,557
UBS	152,694 SHARES		8,351,427		8,402,220
UFJ CENT LEASING	7,100 SHARES		370,081		324,979
UK COAL	110,628 SHARES		340,059		408,812
UNICREDITO ITALIANO	739,659 SHARES		5,788,117		5,700,712
UNION FENOSA	39,500 SHARES		1,544,650		1,557,261

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Acquired And Disposed of Within Year)
For The Year Ended December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


(a) Identity of Issue, Borrower, Lessor, or Similar	(b) Description of investment, including maturity date,	(c) Cost of		(d) Proceeds of
Party	rate of interest, collateral, par, or maturity value	acquisitions		dispositions
CORPORATE STOCK — COMMON (CONTINUED):
UNITED BUSINESS MEDIA	188,400 SHARES		2,221,778		2,561,363
UNITED OVERSEAS BANK	286,706 SHARES		2,864,113		3,373,780
UNITED PARCEL SERVICE INC	22,927 SHARES		1,722,963		1,717,216
UNITED TECHNOLOGIES CORP	45,200 SHARES		2,527,131		2,536,546
UPM-KYMMENE OYJ	60,200 SHARES		1,281,673		1,511,592
VALARTIS GROUP	6,000 SHARES		453,668		400,970
VBH HLDGS	2,163 SHARES		10,045		10,503
VERITAS DGC INC	18,200 SHARES		827,340		1,209,714
VIRGIN BLUE HLDGS LTD	74,800 SHARES		89,159		95,570
VISICU INC	600 SHARES		9,600		13,515
VODAFONE GROUP	2,975,007 SHARES		6,341,567		6,586,065
VOSTOK NAFIA INVESTMENT	6,757 SHARES		412,602		441,963
WACHOVIA CORP	30,000 SHARES		1,585,800		1,610,563
WELLCARE HEALTH PLANS INC	19,100 SHARES		777,122		985,440
WELLPOINT INC	34,688 SHARES		2,767,755		2,735,771
WESTWOOD ONE INC	32,351 SHARES		527,321		529,819
WINDSTREAM CORP	14,371 SHARES		156,000		186,105
WINSOR INDUSTRIAL CORP	5,000 SHARES		2,049		3,417
WOLTERS KLUWERS	175,068 SHARES		4,134,547		4,070,236
WPP GROUP	388,038 SHARES		4,697,335		4,810,942
XSTRATA PLC	97,332 SHARES		—		801,890
YUSEN AIR & SEA SERVICES	10,100 SHARES		244,695		246,642
ZEHNDER GROUP	340 SHARES		535,466		575,685
ZIMMER HOLDINGS INC	651 SHARES		43,903		44,163
3I GROUP	57,369 SHARES		968,823		1,024,103

TOTAL CORPORATE STOCK — COMMON			692,969,419		703,747,616


PARTNERSHIP/JOINT VENTURE INTERESTS:
STAR GAS PARTNERS	83,983 SHARES		225,074		201,595


TOTAL PARTNERSHIP/JOINT VENTURE INTERESTS:			225,074		201,595

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Acquired And Disposed of Within Year)
For The Year Ended December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


(a) Identity of Issue, Borrower, Lessor, or Similar	(b) Description of investment, including maturity date,	(c) Cost of		(d) Proceeds of
Party	rate of interest, collateral, par, or maturity value	acquisitions		dispositions
RIGHTS, WARRANTS AND SUBSCRIPTIONS:
S&P 500 EMNI	EXPIRES 06/16/2006, Size 50, 12		—		11,227


TOTAL RIGHTS, WARRANTS AND SUBSCRIPTIONS			—		11,227


PURCHASED OPTIONS:
P/CALL EURO DOLLAR	CALL SOCIETY 4098846, EX. 12/18/2006, 705		1,078,648		—
P/CALL USA TREASURY BONDS	CALL SOCIETY 4098846, EX. 11/21/2006, 73		73,365		—
P/CALL USA TREASURY BONDS	CALL SOCIETY 4098846, EX. 11/21/2006, 28		41,703		—
P/CALL USA TREASURY BONDS	CALL SOCIETY 4098846, EX. 11/21/2006, 83		46,743		12,828
P/CALL USA TREASURY NOTES	CALL SOCIETY 4098846, EX. 11/21/2006, 258		908,323		—
P/CALL USA TREASURY NOTES	CALL SOCIETY 4098846, EX. 11/21/2006, 71		192,277		—
P/CALL USA TREASURY NOTES	CALL SOCIETY 40988D6, EX. 11/21/2006, 29		14,192		—
P/PUT USA TREASURY NOTES	PUT SOCIETY 40988D6, EX. 02/23/2007, 16		13,580		9,920


TOTAL PURCHASED OPTIONS			2,368,831		22,748


OTHER SECURITIES:
CDS.DJ.CDX.NA.IG.6 REC	1,600,000		1,600,000		1,600,000
CDS.DJ.CDX.NA.IG.6 REC	1,300,000		1,300,000		1,300,000
CDS.DJ.CDX.NA.IG.6 REC	3,900,000		3,900,000		3,900,000
CDS-CDX.NA.HY	500,000		499,271		513,333
CDS-DJ.CDX.NA.IG.HVOL.6	4,000,000		4,000,000		4,000,000


TOTAL OTHER SECURITIES			11,299,271		11,313,333

FUTURES CONTRACTS:
DEC 06 EURODOLLAR-CME FUTURE LONG	EXPIRES 12/18/2006, SIZE 250,000, 1,511		—		1,139,820
DEC 06 EURODOLLAR-CME FUTURE SHORT	EXPIRES 12/18/2006, SIZE 250,000, 747		—		(44,860	)
S&P 500 EMINI FUTURE	EXPIRES 03/17/2006, SIZE 50, 12		—		(1,710	)
SEP 06 EURODOLLAR-CME FUTURE LONG	EXPIRES 09/18/2006, SIZE 250,000, 92		—		3,920
SEP 06 EURODOLLAR-CME FUTURE SHORT	EXPIRES 09/18/2006, SIZE 250,000, 76		—		(26,593	)
SEP 06 10 YEAR T NOTES-CBT FUTURE SHORT	EXPIRES 09/20/2006, SIZE 100,000, 467		—		(354,363	)

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Acquired And Disposed of Within Year)
For The Year Ended December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


(a) Identity of Issue, Borrower, Lessor, or Similar	(b) Description of investment, including maturity date,	(c) Cost of			(d) Proceeds of
Party	rate of interest, collateral, par, or maturity value	acquisitions			dispositions
FUTURES CONTRACTS (CONTINUED):
SEP 06 5 YEAR T NOTES-CBT FUTURE SHORT	EXPIRES 09/29/2006, SIZE 100,000, 594		—			(1,092,207	)
DEC 06 TREASURY BONDS-CBT FUTURE LONG	EXPIRES 12/31/2006, SIZE 100,000, 264		—			289,196
SEP 06 TREASURY BONDS-CBT FUTURE LONG	EXPIRES 9/20/2006, SIZE 100,000, 312		—			862,391
SEP 06 TREASURY BONDS-CBT FUTURE SHORT	EXPIRES 9/30/2006, SIZE 100,000, 296		—			(991,418	)
US LONG BOND (CBT)	EXPIRES 12/19/2006, SIZE 100,000, 264		—			(364,289	)
DEC 06 10 YEAR T NOTES-CBT FUTURE LONG	EXPIRES 12/31/2006, SIZE 100,000, 632		—			655,623
SEP 06 10 YEAR T NOTES-CBT FUTURE LONG	EXPIRES 9/20/2006, SIZE 100,000, 498		—			1,005,327
DEC 06 10 YEAR T NOTES-CBT FUTURE SHORT	EXPIRES 12/31/2006, SIZE 100,000, 613		—			(320,658	)
SEP 06 5 YEAR T NOTES-CBT FUTURE LONG	EXPIRES 09/29/2006, SIZE 100,000, 601		—			1,084,377


TOTAL FUTURES CONTRACTS			—			1,844,556


WRITTEN OPTIONS:
DEC 06 EMCC SECURITY	CALL SOCIETY 4098846, EX. 12/15/2006, 47		(10,940	)		—
W/CALL EURO DOLLAR 1 YEAR	CALL SOCIETY 4098846, EX. 12/15/2006, 34		(8,118	)		—
W/CALL EURO DOLLAR FUTURE OPTION	CALL SOCIETY 4098846, EX. 09/18/2006, 17		(4,165	)		—
W/CALL EURO DOLLAR FUTURE OPTION	CALL SOCIETY 4098846, EX. 09/18/2006, 59		(11,780	)		—
W/CALL EURO DOLLAR FUTURE OPTION	CALL SOCIETY 4098846, EX. 12/18/2006, 32		(4,040	)		—
W/CALL USA TREASURY BONDS	CALL SOCIETY 40988D6, EX. 02/23/2007, 10		(7,294	)		(7,081	)
W/CALL USA TREASURY BONDS	CALL SOCIETY 4098846, EX. 11/21/2006, 70		(41,853	)		—
W/CALL USA TREASURY BONDS	CALL SOCIETY 4098846, EX. 11/21/2006, 40		(46,050	)		(71,450	)
W/CALL USA TREASURY BONDS	CALL SOCIETY 4098846, EX. 11/21/2006, 25		(15,875	)		(23,438	)
W/CALL USA TREASURY BONDS	CALL SOCIETY 4098846, EX. 11/21/2006, 8		(6,960	)		(6,540	)
W/CALL USA TREASURY BONDS	CALL SOCIETY 4098846, EX. 11/21/2006, 24		(10,130	)		—
W/CALL USA TREASURY NOTES	CALL SOCIETY 4098846, EX. 11/21/2006, 155		(74,163	)		(104,993	)
W/CALL USA TREASURY NOTES	CALL SOCIETY 4098846, EX. 11/21/2006, 155		(65,381	)		(14,057	)
W/CALL USA TREASURY NOTES	CALL SOCIETY 4098846, EX. 11/21/2006, 102		(31,881	)		(2,665	)
W/CALL USA TREASURY NOTES	CALL SOCIETY 4098846, EX. 11/21/2006, 48		(17,557	)		(24,506	)
W/PUT EURO DOLLAR	PUT SOCIETY 4098846, EX. 12/18/2006, 16		(2,720	)		—
W/PUT EURO DOLLAR	PUT SOCIETY 4098846, EX. 12/15/2006, 32		(6,240	)		—

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Plan number: 002 — EIN: 13/4994650

Schedule of Assets (Acquired And Disposed of Within Year)
For The Year Ended December 31, 2006
(IRS Form 5500 — Schedule H — Part IV — Line 4i)


(a) Identity of Issue, Borrower, Lessor, or Similar	(b) Description of investment, including maturity date,	(c) Cost of			(d) Proceeds of
Party	rate of interest, collateral, par, or maturity value	acquisitions			dispositions
WRITTEN OPTIONS (CONTINUED):
W/PUT USA TREASURY BONDS	PUT SOCIETY 4098846, EX. 11/21/2006, 25		(10,797	)		—
W/PUT USA TREASURY BONDS	PUT SOCIETY 4098846, EX. 08/25/2006, 8		(1,835	)		—
W/PUT USA TREASURY BONDS	PUT SOCIETY 4098846, EX. 08/25/2006, 9		(2,064	)		—
W/PUT USA TREASURY BONDS	PUT SOCIETY 4098846, EX. 11/21/2006, 56		(38,845	)		—
W/PUT USA TREASURY NOTES	PUT SOCIETY 4098846, EX. 11/21/2006, 17		(5,884	)		—
W/PUT USA TREASURY NOTES	PUT SOCIETY 4098846, EX. 11/21/2006, 42		(8,978	)		—


TOTAL WRITTEN OPTIONS			(433,550	)		(254,730	)


SECURITIES SOLD SHORT:
CDS.DJ.CDX.NA.ID.6 PAY	1,600,000		(1,601,398	)		(1,599,757	)
CDS.DJ.CDX.NA.ID.6 PAY	1,300,000		(1,301,839	)		(1,299,803	)
CDS.DJ.CDX.NA.ID.6 PAY	3,900,000		(3,909,811	)		(3,899,408	)
CDS-CDX.NA.HY	500,000		(500,000	)		(500,000	)
CDS-DJ.CDX.NA.IG.HVOL	4,000,000		(4,012,298	)		(4,001,975	)


TOTAL SECURITIES SOLD SHORT			(11,325,346	)		(11,300,943	)


TOTAL INVESTMENTS		$	900,705,470		$	911,952,820


	Page
	Number(s)

Report of Independent Registered Public Accounting Firm for 2006		3

Report of Independent Registered Public Accounting Firm for 2005		4

Financial statements:
Statements of Net Assets Available for Benefits as of December 31, 2006 and 2005		5
Statements of Changes in Net Assets Available for Benefits for the years ended December 31, 2006 and 2005		6

Notes to financial statements		7 – 17

Supplemental schedules:
Schedule of assets (held at end of year) at December 31, 2006		18 – 72
Schedule of assets (acquired and disposed of within year) for the year ended December 31, 2006		73 – 96

Index to Exhibit		97

Signature of Principal Accounting Officer		98

Exhibit		99

Exhibit		100


Exhibit No.	Exhibits	Page At Which Located


23.1	Consent of Independent Registered Public Accounting Firm	99
23.2	Consent of Independent Registered Public Accounting Firm	100


				JPMORGAN CHASE & CO.

		By:		/s/ Louis Rauchenberger

				Louis Rauchenberger
				JPMorgan Chase & Co.
				Managing Director and Controller
				(Principal Accounting Officer)