Form 11-K

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

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, 2010 and 2009, and the related statements of changes in net assets available for benefits for the years 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 audits.

We conducted our audits 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 audits provide a reasonable basis for our opinion.

As discussed in Note 2, during 2010, the Plan retrospectively adopted the changes related to classifying and measuring loans to participants in accordance with ASC 962 Plan Accounting-Defined Contribution Pension Plans.

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, 2010 and 2009, and the change in net assets available for benefits for the years then ended in conformity with accounting principles generally accepted in the United States of America.

Our audits were 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, 2010, (2) assets both acquired and disposed of within the plan year for the year ended December 31, 2010, and (3) reportable transactions for the year ended December 31, 2010, 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 audits 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.

/s/ Meaden & Moore, Ltd.

Cleveland, Ohio
June 27, 2011

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

Statements of Net Assets Available For Benefits
As of December 31, 2010 and 2009


	2010		2009
Assets:
Investments, at fair value:
Common/collective trust funds	$	4,422,064,510	$	2,732,991,503
JPMorgan Chase & Co. and other equity securities		3,963,242,805		4,296,560,790
Synthetic guaranteed investment contracts		2,101,351,672		2,019,258,487
Registered investment companies (mutual funds)		1,766,848,102		1,457,676,933
Corporate debt securities		1,066,249,403		983,023,074
U.S. federal, state, local and non-U.S. government securities		684,686,276		670,319,227
Mortgage-backed securities		536,104,139		279,589,335
Derivative receivables		1,311,648		1,537,693
Other		98,279,031		42,185,444

Total investments, at fair value		14,640,137,586		12,483,142,486
Receivables:
Notes receivable from participants		430,703,190		354,093,534
Contributing employers’ contributions receivable		345,506,616		234,377,228
Due from brokers for investment securities sold		259,004,940		70,580,861
Participants’ contributions receivable		23,003,727		23,762,583
Dividends and interest receivable		16,895,630		15,805,862
Other receivables		3,429,802		2,995,623

Total assets		15,718,681,491		13,184,758,177

Liabilities:
Payable for securities and interest purchased		633,061,011		257,506,112
Cash overdraft		58,973,200		18,956,812
Derivative payables		4,637,000		2,749,539
Accrued expenses		2,038,907		1,712,320
Other		76,323		18,343

Total liabilities		698,786,441		280,943,126


Net assets reflecting all investments at fair value		15,019,895,050		12,903,815,051
Adjustment from fair value to contract value for fully benefit- responsive synthetic guaranteed investment contracts		22,629,747		116,677,496

Net assets available for benefits	$	15,042,524,797	$	13,020,492,547

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, 2010 and 2009


	2010			2009
Contributions:
Participants	$	645,826,301		$	587,328,030
Employers		345,203,763			319,856,447
Rollovers		71,356,948			63,582,452

Total contributions		1,062,387,012			970,766,929


Investment activities:
Dividends from JPMorgan Chase & Co. common stock		13,097,719			38,776,016
Other dividends		87,555,363			92,162,758
Interest		77,323,222			74,262,807
Net appreciation in fair value of investments		1,049,868,775			2,038,861,472

Increase in net assets available for benefits derived from investment activities		1,227,845,079			2,244,063,053

Investment income on notes receivable from participants		16,466,426			18,515,037
Other income		372,000			1,010,384

Deductions:
Benefits paid to participants		(1,270,653,734	)		(1,028,749,113	)
Administrative expenses		(11,908,296	)		(9,454,906	)

Total deductions		(1,282,562,030	)		(1,038,204,019	)


Net change during the year		1,024,508,487			2,196,151,384

Transfers from other plans		997,523,763			53,264,960
Net assets available for benefits, beginning of year		13,020,492,547			10,771,076,203


Net assets available for benefits, end of year	$	15,042,524,797		$	13,020,492,547

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

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

1. 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 23 states, and a wholly-owned bank subsidiary of JPMorgan Chase & Co. (“JPMorgan Chase” or the “Firm”).

Effective August 10, 2009, JPMorgan Chase Bank, N.A. became the sponsor of the WaMu Savings Plan and assets of $995,689,272 were merged with and into the Plan on March 31, 2010.

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 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.

Contributions

Participant Contributions

The Plan allows an eligible employee (a “Participant”) to defer on a pre-tax and/or Roth 401(k) basis through payroll deductions up to 50% (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 Deferred Contributions known as “catch-up” 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. Participants whose annual total cash compensation is $250,000 or more are not eligible to receive Matching Contributions. This determination is made each August 1 and applies for the next succeeding calendar year.

The Firm matched eligible employee contributions up to 5% of benefit eligible compensation (e.g., base pay) on a per pay period basis through April 30, 2009, and then amended the Plan to provide that thereafter Matching Contributions would be made annually.

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. (Matching Contributions, beginning with the 2011 plan year, will be invested in the same manner as their Deferred Contributions.)

Employer Non-Matching Contributions

JPMorgan Chase Bank, N.A., on behalf of each Contributing Employer, granted a discretionary contribution that was allocated to the accounts of certain non-highly compensated employees. Discretionary contributions were announced in 2010 and 2009, respectively, and they were allocated to the accounts of certain non-highly compensated employees in January 2011 and 2010, respectively. The vesting provisions and investment provisions of such contributions were communicated to employees at the time they were announced.

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS

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 and Roth 401(k) rollovers historically were not accepted by the Plan; however effective April 2010, the Plan accepts Roth 401(k) rollovers.

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 the JPMorgan Chase Common Stock Fund.

Vesting

A Participant’s Deferred Contributions are always 100% vested, including any associated investment performance (or “earnings”). Participants hired before May 1, 2009 were immediately 100% vested in the value of the Matching Contributions, including any associated investment performance. Any Matching Contributions for eligible Participants hired on or after May 1, 2009 will become 100% vested after they have completed three years of service. Employer non-matching contributions (i.e., discretionary contributions), if any, generally vest according to the schedule communicated at the time they are contributed.

Forfeited Accounts

At December 31, 2010 and 2009, forfeited nonvested accounts totaled $318,450 and $856,258, respectively. Matching Contributions that are forfeited are used to reduce a Contributing Employer’s future Matching Contributions.

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 59¹/2 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.

Beginning in 2010, the Plan allows for in-plan Roth conversions whereby certain Plan Participants who are eligible to take an in-service withdrawal or distribution can convert non-Roth account balances in the Plan to Roth accounts.

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.

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 (traditional or Roth) or another employer’s qualified plan; (3) receive monthly, quarterly or annual installments 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 70¹/2. If no election is made, then the account distribution will be deferred, automatically, until the month after the Participant attains age 65.

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS

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 (traditional or Roth) or another employer’s qualified plan, the entire account balance will be distributed as there is no requirement to withhold income taxes.

Plan Expenses

To the extent not paid in full or in part by the Contributing Employers, the Trustee uses Plan assets to pay the expenses of the Plan, such as taxes (if any) incurred on the income or assets of the trust, brokerage commissions and other expenses associated with the purchase and sale of investments by the managers of the Funds, investment management fees paid and other expenses directly attributable to the administration of the Plan.

2. 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”). Certain prior year amounts have been reclassified to conform to the current presentation.

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

All investments are recorded at fair value. For information related to the Plan’s valuation methodologies for its investments, see Note 3 of these financial statements.

Fully Benefit-Responsive Investment Contracts

The Plan accounts for synthetic guaranteed investment contracts (“GIC”) at contract value. A synthetic GIC is an investment contract in which the Plan owns the underlying assets and purchases fully benefit-responsive wrapper contracts from independent third parties (“Issuers”), which provide market value and cash flow risk protection to the Plan.

Investment contracts held by a defined contribution plan are typically reported at fair value. However, contract value is the relevant measurement attribute for that portion of the net assets available for benefits of the Plan that are attributable to fully benefit-responsive investment contracts. Contract value is used because that is the amount Participants would receive if they were to initiate permitted transactions under the terms of the Plan. The synthetic GIC is presented on the Statement of Net Assets Available for Benefits at the fair value of the investment contracts with an adjustment from fair value to contract value to arrive at net assets available for benefits. 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.

Notes receivable from 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. (Effective January 1, 2011, the Plan limits Participants to two outstanding loans at any time.) Loan principal and interest are paid through payroll deductions. Notes receivable from participants in the Statement of Net Assets Available for Benefits are measured at the principal amount outstanding.

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 JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS

Prior to December 31, 2009, the Plan participated in a securities lending program administered by JPMorgan Chase Bank, N.A. Under the program, borrowers were required to provide collateral equal to a minimum of 102% (105% for non-U.S. securities) 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. paid all the costs of the program. Net interest income under the program was $197,530 in 2009, which is recorded in interest income in the Statement of Changes in Net Assets Available for Benefits. As of December 31, 2009, the Plan is no longer involved with securities lending transactions.

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 fair value and cost of investments. Internal Revenue Service (“IRS”) Form 5500 calculates realized gains (losses) and unrealized appreciation (depreciation) as the difference between the fair value of investments at December 31, 2010 and 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. There were no reconciling items between the net assets available for benefits as disclosed in these financial statements and the Form 5500.

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 currencies are revalued at the exchange rates prevailing at the date of the transaction.

Accounting and Reporting Developments

Subsequent events

In May 2009, the Financial Accounting Standards Board (“FASB”) issued guidance that established general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued or are available to be issued. The guidance was effective for interim or annual financial periods ending after June 15, 2009. In February 2010, the FASB amended the guidance by eliminating the requirement for SEC filers to disclose the date through which it evaluated subsequent events. The Plan adopted the amended guidance in 2010. The application of this guidance did not have an impact on the Plan’s Statement of Net Assets Available for Benefits or Statement of Changes in Net Assets Available for Benefits.

Accounting for transfers of financial assets and consolidation of variable interest entities

Effective January 1, 2010, the Plan implemented new accounting guidance that amends the accounting for the transfers of financial assets and the consolidation of the variable interest entities (“VIEs”). The FASB deferred the requirements of the new accounting guidance for VIEs for certain investment funds, including mutual funds, private equity funds and hedge funds, until the FASB reconsiders the appropriate accounting guidance for these funds.

Fair value measurements and disclosures

In January 2010, the FASB issued guidance that requires new disclosures, and clarifies existing disclosure requirements, about fair value measurements. The clarifications and requirements to separately disclose transfers of instruments between level 1 and level 2 of the fair value hierarchy are effective for interim reporting periods beginning after December 15, 2009; the Plan adopted this guidance in 2010. In addition, a new requirement to provide purchases, sales, issuances and settlements in the level 3 rollforward on a gross basis is effective for fiscal years beginning after December 15, 2010.

In May 2011, the FASB issued guidance that amends the requirements for fair value measurements with the objective of achieving common fair value measurement and disclosure requirements with International Financial Reporting Standards (“IFRS”) issued by the International Accounting Standards Board. Certain amendments in the guidance clarify the FASB’s intent about the application of existing measurement requirements, and other amendments change certain requirements for measuring fair value or for disclosure. The guidance requires additional disclosures for fair value measurements categorized in level 3 of the fair value hierarchy and for financial instruments that are not carried at fair value but for which fair value is required to be disclosed. The amendments are effective for interim and annual periods beginning after December 15, 2011. The implementation of this guidance is not expected to affect the Plan’s Statement of Net Assets Available for Benefits or Statement of Changes in Net Assets Available for Benefits.

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS

Reporting loans to participants by defined contribution pension plans

In September 2010, the FASB issued guidance on participant loans which now requires these loans to be classified as notes receivable from participants and measured at amortized cost, in lieu of being presented as an investment and measured at fair value. This guidance is effective for fiscal years beginning after December 15, 2010 and is applied retrospectively to all prior periods presented upon adoption, with earlier application permitted. The Plan adopted this guidance in 2010. The application of this guidance did not have a material impact on the Plan’s Statement of Net Assets Available for Benefits or Statement of Changes in Net Assets Available for Benefits.

3. Fair Value Measurements

Determination of Fair Value

Following is a description of the Plan’s valuation methodologies for assets and liabilities measured at fair value. The Plan has an established and well-documented process for determining fair values. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is based on quoted market prices, where available. If listed prices or quotes are not available, fair value is based on models that primarily use, as inputs, market-based or independently sourced market parameters, including but not limited to yield curves, interest rates, volatilities, equity or debt prices, foreign exchange rates and credit curves. In addition to market information, models also incorporate transaction details, such as maturity of the instrument. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value and are applied consistently over time. These adjustments may include amounts to reflect constraints on liquidity and unobservable parameters when the Plan is unable to observe a recent market price for a financial instrument that trades in inactive (or less active) markets or to reflect the cost of exiting larger-than-normal market-size risk positions. Liquidity adjustments are not taken for positions classified within level 1 (as defined below) of the fair value hierarchy.

The methods described above to estimate fair value may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date.

Valuation Hierarchy

A three-level valuation hierarchy has been established under U.S. GAAP for disclosure of fair value measurements. The valuation hierarchy is based on the transparency of inputs to the valuation of an asset or liability as of the measurement date. The three levels are defined as follows:

	•		Level 1 — inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.

	•		Level 2 — inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.

	•		Level 3 — one or more inputs to the valuation methodology are unobservable and significant to the fair value measurement.

A financial instrument’s categorization within the valuation hierarchy is based on the lowest level of input that is significant to the fair value measurement.

Following is a description of the valuation methodologies used for instruments measured at fair value, including the general classification of such instruments pursuant to the valuation hierarchy.

Assets and Liabilities

JPMorgan Chase & Co. and other equity securities

JPMorgan Chase & Co. common stock is valued at the closing price reported on the New York Stock Exchange and is classified within level 1 of the valuation hierarchy. Other common and preferred stocks are valued at the closing price reported on the major stock exchange on which the individual securities are traded and are generally classified within level 1 of the valuation hierarchy. If quoted exchange prices are not available for the specific common stock, other independent pricing services or broker quotes are consulted for valuation purposes. Consideration is given to the nature of the quotes (e.g., indicative or firm) and the relationship of recently evidenced market activity to the prices provided from independent pricing services. Other common and preferred stock that do not have quoted exchange prices are generally classified within level 2 of the valuation hierarchy.

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS

Common/collective trust funds and registered investment companies (mutual funds)

These investments are public investment vehicles valued based on the calculated NAV of the fund. Where the funds produce a daily NAV that is validated by a sufficient level of observable activity (purchases and sales at NAV), the NAV is used to value the fund investment and it is classified in level 1 of the valuation hierarchy. Where adjustments to the NAV are required, for example, with respect to interests in funds subject to restrictions on redemption (such as lock-up periods or withdrawal limitations) and/or observable activity for the fund investment is limited, investments are classified within level 2 of the valuation hierarchy.

Corporate debt securities, and U.S. federal, state, local and non-U.S. government debt securities

The fair value of these investments is estimated using pricing models, quoted prices of securities with similar characteristics or discounted cash flows. Such securities are generally classified within level 2 of the valuation hierarchy.

Mortgage-backed securities

Mortgage-backed securities (“MBS”) include both U.S. government agency and U.S. government-sponsored enterprise (collectively, “U.S. government agencies”), and nonagency pass-through securities. U.S. government agency securities are valued based on quoted prices in active markets and are therefore classified in level 1 of the valuation hierarchy. Nonagency securities are primarily “AAA” rated residential and commercial MBS valued using a combination of observed transaction prices, independent pricing services and relevant broker quotes. Consideration is given to the nature of the quotes and the relationships of recently evidenced market activity to the prices provided from independent pricing services. Such securities are generally classified within level 2 of the valuation hierarchy.

Synthetic guaranteed investment contracts

The fair value of the synthetic GICs is based on the underlying investments. The underlying investments are common/collective trust funds, which are public investment vehicles, valued at the NAV as described above. Such investments are generally classified within level 2 of the valuation hierarchy. The related wrapper contracts have a fair value of $5.2 million and $6.6 million, at December 31, 2010 and 2009, respectively. See Note 8 of these financial statements for further information on these contracts.

Derivatives

Exchange-traded derivatives valued using quoted prices are classified within level 1 of the valuation hierarchy. However, few classes of derivative contracts are listed on an exchange; thus, the majority of the Plan’s derivative contracts are valued using models that use as their basis readily observable market parameters — that is, parameters that are actively quoted and can be validated to external sources, including industry pricing services. Depending on the types and contractual terms of derivatives, fair value can be modeled using a series of techniques, such as the Black-Scholes option pricing model, simulation models or a combination of various models, which are consistently applied. Where derivative products have been established for some time, the Plan uses models that are widely accepted in the financial services industry. These models reflect the contractual terms of the derivatives, including the period to maturity, and market-based parameters such as interest rates, volatility, and the credit quality of the counterparty. Further, many of these models do not contain a high level of subjectivity, as the methodologies used in the models do not require significant judgment, and inputs to the model are readily observable from actively quoted markets, as is the case for “plain vanilla” interest rate swaps, option contracts and credit default swaps. Such instruments are generally classified within level 2 of the valuation hierarchy. See Note 6 of these financial statements for further information on derivative instruments.

Other

Other predominantly consists of securities purchased under resale agreements (“resale agreements”). To estimate the fair value of resale agreements, cash flows are evaluated taking into consideration any derivative features of the resale agreement and are then discounted using the appropriate market rates for the applicable maturity. As the inputs into the valuation are primarily based on readily observable pricing information, such resale agreements are classified within level 2 of the valuation hierarchy.

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS

Investments measured at net asset value

The Plan uses the NAV to determine the fair value of multiple investments, including: (1) investments that have readily determinable fair values, which are classified in level 1 of the valuation hierarchy; and (2) investments for which the underlying investments (a) do not have a readily determinable fair value and (b) either have the attributes of an investment company or prepare their financial statements consistent with the measurement principles of an investment company, which are in level 2 of the valuation hierarchy. The fair values of investments valued at NAV at December 31, 2010 and 2009, respectively, were $8.3 billion and $6.2 billion, which were classified within the valuation hierarchy as follows: $2.1 billion and $1.7 billion in level 1 and $6.2 billion and $4.5 billion in level 2. These investments consist predominantly of investments in common/collective trust funds, registered investment companies (mutual funds) and synthetic GIC underlying investments.

The investment strategies for common/collective trust funds and registered investment companies (mutual funds) and the synthetic GIC underlying investments are varied, and they may invest directly and indirectly in a broad range of equities, debt and derivative investments with the objective of mirroring or exceeding the total return of certain market indices (e.g., S&P 500, Russell 1000, Barclays Capital Intermediate Aggregate Bond Index). Strategies may vary based on global macroeconomic views, expected directional movements in the financial markets, market capitalization (e.g., large, medium or small cap stocks), and other strategies. Certain of these investments are not subject to restrictions on redemption; however certain of these investments may be sold based on the level of capital markets activity, market levels, the performance of the broader economy and investments-specific issues.

The Plan has no commitments to make additional investments in investments that are valued at NAV.

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS

The following tables present the financial instruments carried at fair value as of December 31, 2010 and 2009, by major product category and the fair value hierarchy.

Assets and liabilities measured at fair value on a recurring basis


December 31, 2010	Level 1		Level 2		Total fair value
Common/collective trust funds	$	377,491,641	$	4,044,572,869	$	4,422,064,510
Equity securities:
JPMorgan Chase & Co		2,790,611,790		—		2,790,611,790
Other banks and finance companies		160,376,190		—		160,376,190

Total banks and finance companies		2,950,987,980		—		2,950,987,980
Capital equipment		253,507,268		—		253,507,268
Consumer goods		199,230,994		—		199,230,994
Business services		170,218,708		—		170,218,708
Materials		97,680,595		—		97,680,595
Energy		88,724,895		—		88,724,895
Real estate		20,385,771		—		20,385,771
Other		181,545,764		960,830		182,506,594

Total equity securities		3,962,281,975		960,830		3,963,242,805
Synthetic guaranteed investment contracts		—		2,101,351,672		2,101,351,672
Registered investment companies (mutual funds):
Large cap value funds		505,554,288		—		505,554,288
Core bond funds		477,957,716		—		477,957,716
Mid cap growth funds		392,970,696		—		392,970,696
Investment-grade & medium duration funds		373,812,604		—		373,812,604
Fixed-income funds		—		16,552,798		16,552,798

Total registered investment companies (mutual funds)		1,750,295,304		16,552,798		1,766,848,102
Corporate debt securities		—		1,066,249,403		1,066,249,403
U.S. federal, state, local and non-U.S. government securities		—		684,686,276		684,686,276
Mortgage-backed securities		349,990,531		186,113,608		536,104,139
Derivative receivables		3,024		1,308,624		1,311,648
Other		5,868,874		92,410,157		98,279,031

Total assets measured at fair value^(a)	$	6,445,931,349	$	8,194,206,237	$	14,640,137,586

Derivative payables	$	233,578	$	4,403,422	$	4,637,000

Total liabilities measured at fair value	$	233,578	$	4,403,422	$	4,637,000

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS

Assets and liabilities measured at fair value on a recurring basis


December 31, 2009	Level 1		Level 2		Total fair value
Common/collective trust funds^(b)	$	245,034,848	$	2,487,956,655	$	2,732,991,503
Equity securities:
JPMorgan Chase & Co		2,886,203,669		—		2,886,203,669
Other banks and finance companies		214,331,547		—		214,331,547

Total banks and finance companies		3,100,535,216		—		3,100,535,216
Capital equipment		270,888,047		—		270,888,047
Consumer goods		220,146,225		—		220,146,225
Business services		196,755,824		—		196,755,824
Materials		127,093,373		—		127,093,373
Energy		125,232,577		—		125,232,577
Real estate		17,787,895		—		17,787,895
Other		237,454,452		667,181		238,121,633

Total equity securities		4,295,893,609		667,181		4,296,560,790
Synthetic guaranteed investment contracts		—		2,019,258,487		2,019,258,487
Registered investment companies (mutual funds):
Large cap value funds		428,703,151		—		428,703,151
Core bond funds		370,735,169		—		370,735,169
Mid cap growth funds		276,032,306		—		276,032,306
Investment-grade & medium duration funds		368,828,023		—		368,828,023
Fixed-income funds		—		13,378,284		13,378,284

Total registered investment companies (mutual funds)		1,444,298,649		13,378,284		1,457,676,933
Corporate debt securities		—		983,023,074		983,023,074
U.S. federal, state, local and non-U.S. government securities		—		670,319,227		670,319,227
Mortgage-backed securities		232,990,427		46,598,908		279,589,335
Derivative receivables		13,560		1,524,133		1,537,693
Other		9,585,873		32,599,571		42,185,444

Total assets measured at fair value^(a)	$	6,227,816,966	$	6,255,325,520	$	12,483,142,486

Derivative payables	$	96,016	$	2,653,523	$	2,749,539

Total liabilities measured at fair value	$	96,016	$	2,653,523	$	2,749,539


(a)		There were no significant transfers between levels 1 and 2.

(b)		Prior period has been revised to consider redemption notification periods.

4. Investment Program

The Plan’s net assets available for benefits at December 31, 2010 and 2009 are held in a Trust Fund administered by JPMorgan Chase Bank, N.A., as trustee (“Trustee”).

The Plan announced in October 2010 that the International Large Cap Core Fund would no longer be offered as an investment option in the Plan effective November 30, 2010, and any assets remaining in the fund would be transferred to the International Large Cap Index Fund. As of December 31, 2010, the 24 investment options consist of: 20 core investment funds, including six fixed-income funds, eleven domestic equity funds, and three international equity funds; the JPMorgan Chase Common Stock Fund and three lifestyle portfolios. Each lifestyle portfolio invests in a predetermined mix of core investment funds (excluding the JPMorgan Chase Common Stock Fund), with varying risk/return policies. 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.

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS

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.

5. Investments

Investments that represent 5% or more of the Plan’s net assets available for benefits at December 31, 2010 and 2009, were as follows:


Description	2010		2009
JPMorgan Chase & Co. common stock	$	2,790,611,790	$	2,886,203,669
Blackrock Equity Index Fund		1,569,822,818		1,252,893,023
JPM/State Street Bank		—		714,017,044
JPM/Bank of America		—		680,070,248

During the years ended December 31, 2010 and 2009, the Plan’s investments generated net appreciation/(depreciation) as follows:


Description	2010			2009
Based on quoted market prices:
JPMorgan Chase & Co. and other equity securities	$	272,405,208		$	1,088,086,186
Registered investment companies		237,258,913			259,856,442
Derivative receivables (payables), net		1,865,975			(33,000	)
Mortgage-backed securities		(5,211,216	)		1,807,181
Other		1,242,132			3,180,692

Total based on quoted market prices		507,561,012			1,352,897,501

Based on estimated fair value:
Common/collective trust funds		482,413,912			562,312,442
U.S. federal, state, local and non-U.S. government securities		29,442,411			9,956,882
Corporate debt securities		14,461,561			95,365,796
Derivative receivables (payables), net		5,765,431			10,030,618
Mortgage-backed securities		5,643,130			2,673,699
JPMorgan Chase & Co. and other equity securities		2,587,854			466,062
Registered investment companies		2,023,077			5,282,292
Other		(29,613	)		(123,820	)

Total based on estimated fair value		542,307,763			685,963,971

Total net appreciation/(depreciation)	$	1,049,868,775		$	2,038,861,472

6. Derivative Instruments

Derivative instruments enable end-users to modify or mitigate exposure to credit or market risks. Counterparties to a derivative contract seek to obtain risks and rewards similar to those that could be obtained from purchasing or selling a related cash instrument without having to exchange upfront the full purchase or sales price. The Plan uses derivatives to manage its own market risk exposures, primarily using interest rate, foreign currency and credit derivative contracts.

Interest rate contracts are used to minimize fluctuations in net assets available for benefits that are caused by changes in interest rates. Fixed-rate assets and liabilities appreciate or depreciate in market value as interest rates change. Similarly, interest income and expense increases or decreases as a result of variable-rate assets and liabilities resetting to current market rates, and as a result of the repayment and subsequent origination of fixed-rate assets and liabilities at current market rates. Gains or losses on the derivative instruments that are related to such assets are expected to substantially offset this variability. The Plan generally uses interest rate options, futures and forwards, and swaps, to manage the impact of interest rate fluctuations on the fair value of investments.

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS

Foreign currency forward contracts represent agreements to exchange the currency of one country for the currency of another country at an agreed-upon price on an agreed-upon settlement date. The Plan uses foreign currency forward contracts to manage the foreign exchange risk associated with certain foreign currency—denominated (i.e., non-U.S.) assets and liabilities. As a result of fluctuations in foreign currencies, the U.S. dollar-equivalent values of the foreign currency-denominated assets and liabilities increase or decrease. Gains or losses on the derivative instruments related to these foreign currency-denominated assets and liabilities are expected to substantially offset this variability. The Plan may buy or sell foreign exchange forward contracts.

The Plan uses credit derivatives, which compensate the purchaser when the entity referenced in the contract experiences a credit event, such as bankruptcy or a failure to pay an obligation when due. For a further discussion of credit derivatives, see the discussion in the Credit derivatives section on pages 17 — 18 of this Note.

Accounting for derivatives

All derivatives are required to be recorded on the Statement of Net Assets Available for Benefits at fair value, with all changes in fair value reflected in the Statements of Changes in Net Assets Available for Benefits.

Notional amount of derivative contracts

The following table summarizes the gross notional amount of derivative contracts outstanding as of December 31, 2010 and 2009, irrespective of any legally enforceable master netting agreements.


	Notional amounts^(a)
December 31,	2010		2009
Interest rate contracts
Futures and forwards	$	89,500,000	$	268,000,000
Written options		347,400,000		207,600,000
Swaps		39,000,000		8,800,000
Purchased options		16,900,000		—

Total interest rate contracts		492,800,000		484,400,000

Credit derivatives		73,785,000		19,412,200

Foreign exchange contracts
Spot, futures and forwards		1,026,352,012		292,181,010

Total foreign exchange contracts		1,026,352,012		292,181,010

Equity contracts
Futures and forwards		—		93,400,000
Written options		7,600,000		1,000,000
Warrants		432		16,046

Total equity contracts		7,600,432		94,416,046

Total derivative notional amounts	$	1,600,537,444	$	890,409,256


(a)		Represents the sum of gross long and gross short third-party notional derivative contracts.

While the notional amounts disclosed above indicate the volume of the Plan’s derivative activities, the notional amounts significantly exceed, in the Plan’s view, the possible losses that could arise from such transactions. For most derivative transactions, the notional amount does not change hands; it is used simply as a reference to calculate payments.

Impact of derivatives on the Statements of Net Assets Available for Benefits

The following table summarizes the gross fair values of derivative receivables and payables by contract type as of December 31, 2010 and 2009, respectively.


	Derivative receivables				Derivative payables
December 31,	2010		2009		2010		2009
Credit derivatives	$	781,978	$	1,574	$	503,749	$	365,697
Interest rate contracts		408,648		103,254		3,229,111		2,170,251
Foreign exchange contracts		117,998		1,419,305		893,025		213,591
Equity contracts		3,024		13,560		11,115		—

Gross fair value of derivative receivables and payables	$	1,311,648	$	1,537,693	$	4,637,000	$	2,749,539

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS

Derivatives gains and losses

The following table presents derivatives, by contract type, and the gains/(losses) recorded on such derivatives for the years ended December 31, 2010 and 2009, respectively. All amounts are recorded in net appreciation in fair value of investments in the Statement of Changes in Net Assets Available for Benefits.


	Derivatives gains/(losses)
Year ended December 31,	2010		2009
Interest rate contracts	$	3,694,014	$	10,901,093
Foreign exchange contracts		2,835,334		(1,291,406	)
Equity contracts		607,039		2,321,205
Credit derivatives		495,019		(1,933,274	)

Total	$	7,631,406	$	9,997,618

Credit risk, liquidity risk and credit-related contingent features

In addition to the specific market risks introduced by each derivative contract type, derivatives expose the Plan to credit risk — the risk that derivative counterparties may fail to meet their payment obligations under the derivative contracts and the collateral, if any, held by the Plan proves to be of insufficient value to cover the payment obligation. It is the policy of the Plan to enter into legally enforceable master netting agreements as well as to actively pursue the use of collateral agreements to mitigate derivative counterparty credit risk. The amount of derivative receivables reported on the Statement of Net Assets Available for Benefits is the fair value of the derivative contracts irrespective of the effect of legally enforceable master netting agreements and cash collateral held by the Plan. These amounts represent the cost to the Plan to replace the contracts at then-current market rates should the counterparty default. However, in the Plan’s view, the appropriate measure of current credit risk should take into consideration collateral by the Plan.

While derivative receivables expose the Plan to credit risk, derivative payables expose the Plan to liquidity risk, as the derivative contracts require the Plan to post cash or securities collateral with counterparties as the mark-to-market of the contracts moves in the counterparties’ favor. The Plan has received $1.1 million cash collateral as of December 31, 2010 and 2009, and posted zero and $1.5 million of cash collateral as of December 31, 2010 and 2009.

Credit derivatives

Credit derivatives are financial instruments whose value is derived from the credit risk associated with the debt of a third-party issuer (the reference entity) and which allow one party (the protection purchaser) to transfer that risk to another party (the protection seller). Credit derivatives expose the protection purchaser to the creditworthiness of the protection seller, as the protection seller is required to make payments under the contract when the reference entity experiences a credit event, such as a bankruptcy, a failure to pay its obligation or a restructuring. The seller of credit protection receives a premium for providing protection but has the risk that the underlying instrument referenced in the contract will be subject to a credit event.

The Plan uses credit derivatives for two different purposes. First, it may sell derivatives to obtain exposure to particular reference entities. The Plan’s exposure to a given reference entity may be offset partially, or entirely, with a contract to purchase protection from another counterparty on the same or similar reference entity. Second, the Plan may use credit derivatives to mitigate the credit risk associated with its overall derivative receivables. In accomplishing the above, the Plan primarily enters into credit default swaps (“CDS”), which are credit derivative contracts between two counterparties that provides protection against a credit event on one or more referenced credits. Protected credit events are specified at the inception of a transaction. Credit derivatives may reference the credit of either a single reference entity (“single-name”) or a broad-based index.

The Plan purchases and sells protection on both single-name and index-reference obligations. Single-name CDS and index CDS contracts are OTC derivative contracts. Single-name CDS are used to manage the default risk of a single reference entity, while index CDS contracts are used to manage the credit risk associated with the broader credit markets or credit market segments. Like the S&P 500 and other market indices, a CDS index comprises a portfolio of CDS across many reference entities. New series of CDS indices are periodically established with a new underlying portfolio of reference entities to reflect changes in the credit markets. If one of the reference entities in the index experiences a credit event, then the reference entity that defaulted is removed from the index. CDS can also be referenced against specific portfolios of reference names or against customized exposure levels based on specific client demands: for example, to provide protection against the first $1 million of realized credit losses in a $10 million portfolio of exposure. Such structures are commonly known as tranche CDS.

For both single-name CDS contracts and index CDS contracts, upon the occurrence of a credit event, under the terms of a CDS contract neither party to the CDS contract has recourse to the reference entity. The protection purchaser has recourse to the protection seller for the difference between the face value of the CDS contract and the fair value of the reference obligation at the time of settling the credit derivative contract, which are also known as the recovery value. The protection purchaser does not need to hold the debt instrument of the underlying reference entity in order to receive amounts due under the CDS contract when a credit event occurs.

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS

The following tables present a summary of the notional amounts of the Plan’s credit derivatives that were sold and purchased as of December 31, 2010 and 2009. Upon a credit event, the Plan as seller of protection would typically pay out only a percentage of the full notional amount of net protection sold, as the amount actually required to be paid on the contracts takes into account the recovery value of the reference obligation at the time of settlement. The Plan manages the credit risk on contracts to sell protection by purchasing protection with identical or similar underlying reference entities. Other purchased protection referenced in the following table includes credit derivatives bought on related, but not identical, reference positions (including indices, portfolio coverage and other reference points). The Plan does not use notional amounts as the primary measure of risk management for credit derivatives, because notional amounts do not take into account the probability of occurrence of a credit event, recovery value of the reference obligation, or related cash instruments and economic hedges.

Total credit derivatives


	Maximum payout/Notional amount
			Protection purchased with		Net protection		Other protection
December 31, 2010	Protection sold		identical underlyings^(a)		(sold)/purchased^(b)		purchased
Credit derivatives
Credit default swaps	$	33,000,000	$	40,785,000	$	7,785,000	$	—

Total credit derivatives	$	33,000,000	$	40,785,000	$	7,785,000	$	—


	Maximum payout/Notional amount
			Protection purchased with		Net protection			Other protection
December 31, 2009	Protection sold		identical underlyings^(a)		(sold)/purchased^(b)			purchased
Credit derivatives
Credit default swaps	$	4,200,000	$	3,000,000	$	(1,200,000	)	$	12,212,200

Total credit derivatives	$	4,200,000	$	3,000,000	$	(1,200,000	)	$	12,212,200


(a)		Represents the notional amount of purchased credit derivatives where the underlying reference instrument is identical to the reference instrument on which the Plan has sold credit protection.

(b)		Does not take into account the fair value of the reference obligation at the time of settlement, which would generally reduce the amount the seller of protection pays to the buyer of protection in determining settlement value.

The following tables summarize the notional and fair value amounts of credit derivatives as of December 31, 2010 and 2009, where the Plan is the seller of protection. The maturity profile is based on the remaining contractual maturity of the credit derivative contracts. The ratings profile is based on the rating of the reference entity on which the credit derivative contract is based. The ratings and maturity profile of protection purchased are comparable to the profile reflected below.

Protection sold — credit derivatives ratings/maturity profile


							Total
December 31, 2010	<1 year		1 – 5 years		>5 years		notional amount		Fair value^(b)
Risk rating of reference entity
Investment-grade (AAA to BBB-)^(a)	$	2,400,000	$	30,600,000	$	—	$	33,000,000	$	469,392

Total	$	2,400,000	$	30,600,000	$	—	$	33,000,000	$	469,392


							Total
December 31, 2009	<1 year		1 – 5 years		>5 years		notional amount		Fair value^(b)
Risk rating of reference entity
Investment-grade (AAA to BBB-) ^(a)	$	—	$	4,200,000	$	—	$	4,200,000	$	(107,217	)

Total	$	—	$	4,200,000	$	—	$	4,200,000	$	(107,217	)


(a)		The ratings scale is based on JPMorgan Chase Bank, N.A.’s internal ratings, which generally correspond to ratings as defined by S&P.

(b)		Amounts are shown on a gross basis before the benefit of legally enforceable master netting agreements and cash collateral held by the Plan.

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS

7. Transactions with Affiliated Parties

The following is a summary of transactions with parties affiliated with the Plan for the years ended December 31, 2010 and 2009:


			Aggregate Proceeds from
			Sales, Redemptions and
	Aggregate Cost		Distributions to
	of Purchases		Participants
For the Year Ended December 31, 2010
JPM U.S. Gov’t MM Fund/Capital Shares	$	4,981,897,071	$	4,849,440,275
JPMorgan Chase & Co. common stock		662,290,586		777,444,478
Core Bond Fund (managed by JPMorgan Investment Advisors)		59,273,402		66,416,924
Funds managed by JPMorgan Asset Management (USA) Inc.:
Growth and Income Fund		74,805,355		46,484,487
Mid Cap Growth Fund		70,888,661		30,411,642
Short-Term Fixed Income Fund		828,509,213		867,895,728
Small Cap Core Fund		50,686,982		43,603,606
Stable Value Fund		908,025,604		798,424,798

For the Year Ended December 31, 2009
JPM U.S. Gov’t MM Fund/Capital Shares	$	4,725,316,661	$	4,936,331,633
JPMorgan Chase & Co. common stock		884,550,070		1,042,904,185
Core Bond Fund (managed by JPMorgan Investment Advisors)		108,339,413		31,981,284
Funds managed by JPMorgan Asset Management (USA) Inc.:
Growth and Income Fund		44,429,268		41,027,490
Mid Cap Growth Fund		35,617,294		34,282,280
Short-Term Fixed Income Fund		1,061,461,383		1,107,757,309
Small Cap Core Fund		29,302,795		38,899,755
Stable Value Fund		542,544,489		653,545,923

8. Investments in Synthetic Guaranteed Investment Contracts

The Stable Value Fund invests synthetic guaranteed investment contracts (“synthetic GIC’s”), which are also known as wrapper contracts. A synthetic GIC is an investment contract issued by an insurance company or other financial institution that is backed by a portfolio of bonds or other fixed income securities (the “underlying assets”) that are separately owned by the Plan. The wrapper contract is designed to protect the contract value of these underlying assets. Under these contracts, realized and unrealized gains and losses on the underlying assets are not immediately recorded in the net assets of the Plan, but are amortized over the maturity or duration of the underlying assets, through adjustments to the future interest crediting rate. The issuer of the wrapper contract guarantees that all qualified participant withdrawals will take place at the contract value.

The Plan accounts for synthetic GIC’s at contract value. Contract value represents contributions made under the contract, plus earnings, less Participant withdrawals and administrative expenses. Participants may customarily direct the withdrawal or transfer of all or a portion of their investment at contract value. The Plan has not recognized any reserves to reflect the credit risk of the issuer of the synthetic GIC or otherwise. The fair value of the synthetic GIC at December 31, 2010 and 2009, was $2,101,351,672 and $2,019,258,487, respectively. The crediting rate, which tracks current market yields on a trailing basis, 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 that allows the contract value of the underlying assets to converge to market value over time; this assumes that the underlying assets continue to earn the current yield of the portfolio for a period of time equal to the portfolio’s current duration. The principal variables that affect the determination of the crediting rate are the current yield and duration of the assets underlying the wrapper contract, the existing difference between the market value of the underlying assets and contract value of the wrapper contract, and fees paid to the issuer of the wrapper contract. All of the Plan’s wrapper contracts have a 0% minimum crediting rate. The average yield and interest crediting rate of the synthetic GICs were 1.88% and 1.81% at December 31, 2010 and 2009, respectively.

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS

The Plan’s wrapper contracts permit all allowable Participant-initiated transactions 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 issuer of the wrapper contract, which also limit the ability of the Plan to transact at contract value with Participants. The wrapper contracts cannot be terminated by its issuer at a value other than contract value or prior to the scheduled maturity date, except under a limited number of very specific circumstances including termination of the Plan or loss of qualified status of the Plan, 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 investments related to fully benefit-responsive contracts:


				Wrapper
	Major			Contracts		Adjustments
	Credit	Investments at		at Fair		to Contract		Total
	Ratings^(a)	Fair Value		Value		Value		Investment
Investments at December 31, 2010
Bank of America Bond Wrapper	AA	$	707,843,454	$	1,749,534	$	5,873,330	$	715,466,318
State Street Bank Bond Wrapper	AA		744,001,852		1,836,154		6,176,105		752,014,111
AIG Financial Products Bond Wrapper	AA		649,506,366		1,605,346		5,389,278		656,500,990

Synthetic GIC’s			2,101,351,672		5,191,034		17,438,713		2,123,981,419
State Street Bank Loan Wrapper	AA		226,045		—		—		226,045
JPM Domestic Liquidity Fund	Not rated		134,805,135		—		—		134,805,135

Other benefit-responsive contracts			135,031,180		—		—		135,031,180

Total		$	2,236,382,852	$	5,191,034	$	17,438,713	$	2,259,012,599


Investments at December 31, 2009
Bank of America Bond Wrapper	AA	$	680,070,248	$	2,226,466	$	37,069,590	$	719,366,304
State Street Bank Bond Wrapper	AA		714,017,044		2,340,405		38,917,176		755,274,625
AIG Financial Products Bond Wrapper	AA		625,171,195		2,047,039		34,076,820		661,295,054

Synthetic GIC’s			2,019,258,487		6,613,910		110,063,586		2,135,935,983
State Street Bank Loan Wrapper	AA		306,869		—		—		306,869
JPM Domestic Liquidity Fund	Not rated		13,157,167		—		—		13,157,167

Other benefit-responsive contracts			13,464,036		—		—		13,464,036

Total		$	2,032,722,523	$	6,613,910	$	110,063,586	$	2,149,400,019


(a)		The ratings scale is based on JPMorgan Chase Bank, N.A.’s internal ratings, which generally corresponds to ratings as defined by S&P.

The other benefit-responsive contracts are held in notes receivable from participants (via the State Street Bank Loan Wrapper) and common/collective trust funds (via the JPM Domestic Liquidity Fund) as reported in the Statement of Net Assets Available for Benefits.

9. 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. Once qualified, the Plan is required to operate in accordance with the Code to maintain its qualified status. The Plan Administrator believes the Plan has operated in compliance with applicable requirements of the Code.

In accordance with IRS procedures, a request was filed with the IRS for a new letter of determination that the Plan remains qualified under Section 401(a) of the Code. Nothing has come to the attention of the Plan Administrator that would preclude the issuance of such a letter.

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

10. Net Assets Transferred From Other Plans

During 2010 and 2009, JPMorgan Chase acquired all or some of the business operations of certain entities and, accordingly, the Plan received a transfer of net assets with a total fair value of $997,523,763 and $53,264,960 during December 31, 2010 and 2009, respectively. The details of the transfers were as follows:


Description	Amount

Year ended December 31, 2010:
WaMu Savings Plan	$	995,689,272
Cazenove Savings Plan		1,834,491

Total	$	997,523,763


Year ended December 31, 2009:
Chase Paymentech	$	53,264,960

Total	$	53,264,960

11. Commitments and 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, 2010, that there is no outstanding litigation affecting the Plan that would require the establishment of a litigation reserve. There is no assurance that the Plan will not need to establish a reserve, or to adjust the amount of such a reserve, for a litigation-related liability in the future.

12. Risks and Uncertainties

The Plan’s investments include financial instruments which are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain financial instruments, it is at least reasonably possible that changes in the values of financial instruments will occur in the near term and such changes could materially affect the Participants’ account balances and 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 24 (as of December 31, 2010) 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 predominantly in JPMorgan Chase & Co. common stock. The Plan’s exposure to credit risk from synthetic GICs is limited to the fair value of the contract with each counterparty.

13. 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.

14. Subsequent Event

The Trustee of the Plan has performed an evaluation of events that have occurred subsequent to December 31, 2010 and through June 27, 2011 (the date these financial statements were available to be issued). There have been no material subsequent events that occurred during such period that would require disclosure in these financial statements, as of or for the year ended December 31, 2010.

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

COMMON/COLLECTIVE TRUST FUNDS:
	BGI EAFE INDEX FUND	26,579,215 UNITS	$	659,767,376	$	737,839,007
	BLRCK EAFE SM CAP INDEX NL FUND	6,286,408 UNITS		55,810,953		73,270,111
	BLRCK EQUITY INDEX FUND	77,752,492 UNITS		1,283,057,953		1,569,822,818
	BLRCK INT’L LARGE CAP CORE FUND	11,989 UNITS		112,201		112,760
	BLRCK MSCI EAFE SM CAP EQ INX FD	11,812,831 UNITS		122,774,101		155,338,724
	BLRCK RUSSELL 1000 GROWTH FUND	75,449,427 UNITS		565,187,086		710,733,603
	BLRCK RUSSELL 1000 VALUE FUND	24,732,870 UNITS		295,452,917		350,217,446
	BLRCK RUSSELL 2000 INDEX FUND	21,136,030 UNITS		345,903,662		447,238,400
*	JPM LIQUIDITY FUND	234 UNITS		234		234
*	JPM US GOV’T MM FUND/CAPITAL SH’S	377,491,406 UNITS		377,491,406		377,491,406
	TRUST RECEIPT MISC INCOME	1 UNIT		—		1

	TOTAL COMMON/COLLECTIVE TRUST FUNDS			3,705,557,889		4,422,064,510

JPMORGAN CHASE & CO. AND OTHER EQUITY SECURITIES:
	3M CO	33,850 SHARES		2,491,548		2,921,255
	ACCENTURE PLC	25,920 SHARES		916,936		1,256,861
	ADTRAN INC	63,519 SHARES		1,432,170		2,300,023
	AGCO CORP	46,876 SHARES		1,418,465		2,374,738
	AGILENT TECHNOLOGIES INC	33,320 SHARES		1,316,227		1,380,448
	AIR METHODS CORP	53,386 SHARES		1,935,569		3,004,030
	AKER SOLUTIONS	298,500 SHARES		3,526,273		5,096,968
	AKZO NOBE	107,871 SHARES		6,892,116		6,727,046
	ALLEGHENY TECHNOLOGIES INC	144,600 SHARES		6,865,875		7,979,028
	ALLIANCE DATA SYSTEM	17,006 SHARES		863,530		1,207,936
	ALLSTATE CORP	10,400 SHARES		331,767		331,552
	ALLY FINANCIAL INC	868 SHARES		147,490		820,341
	ALPHA NATURAL RESOURCES	27,479 SHARES		682,260		1,649,564
	ALTERA CORP	153,510 SHARES		3,751,303		5,461,886
	ALTRIA GROUP INC	36,100 SHARES		590,492		888,782
	AMERICAN EXPRESS CO	56,950 SHARES		1,732,631		2,444,294
	AMERICAN TOWER CORP	260,200 SHARES		7,575,079		13,436,728
	AMERIGROUP CORP	45,399 SHARES		1,251,249		1,993,924
	AMERIPRISE FINANCIAL INC	62,630 SHARES		2,699,367		3,604,356
	AMETEK INC	23,205 SHARES		921,670		910,796
	AMGEN INC	25,400 SHARES		1,315,654		1,394,460
	ANADARKO PETROLEUM CORP	24,330 SHARES		1,602,880		1,852,973
	ANALOG DEVICES INC	66,450 SHARES		1,645,390		2,503,171
	ANIXTER INTERNATIONAL INC	73,394 SHARES		2,682,895		4,383,824
	APPLE INC	29,130 SHARES		5,556,956		9,396,173
	ARCH COAL INC	48,588 SHARES		1,009,137		1,703,495
	ASBURY AUTOMOTIVE GROUP INC	28,047 SHARES		428,346		518,309
	ASPEN INSURANCE HLDGS	55,892 SHARES		1,429,445		1,599,629
	ASTORIA FINANCIAL CORP	214,000 SHARES		5,939,129		2,976,740
	AT&T INC	105,700 SHARES		2,885,227		3,105,466
	ATHEROS COMMUNICATIONS INC	33,518 SHARES		889,913		1,203,967
	ATMI INC	81,962 SHARES		1,989,424		1,634,322
	AUTODESK INC	128,200 SHARES		4,649,762		4,897,240
	AVIVA ORD	689,092 SHARES		6,607,636		4,239,986
	AVON PRODUCTS INC	34,300 SHARES		887,888		996,758
	AXA	203,515 SHARES		5,348,517		3,399,168
	B & G FOODS HLDGS	191,198 SHARES		1,876,645		2,625,149

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

JPMORGAN CHASE & CO. AND OTHER EQUITY SECURITIES (CONTINUED):
	BAKER HUGHES INC	48,250 SHARES		2,864,644		2,758,452
	BALFOUR BEATTY	133,385 SHARES		548,779		653,442
	BANCO SANTANDER SA	309,908 SHARES		3,744,636		3,296,122
	BANCO SANTANDER(BRAZIL)SA	114,700 SHARES		1,682,524		1,559,920
	BANK OF AMERICA CORP	413,000 SHARES		9,316,100		5,509,420
	BANK OF NEW YORK MELLON CORP	27,400 SHARES		962,044		827,480
	BANK OF THE OZARKS	85,451 SHARES		2,605,832		3,704,301
	BARD(C.R.) INC	57,700 SHARES		3,962,310		5,295,129
	BAYER AG	39,472 SHARES		2,274,099		2,928,337
	BECKMAN COULTER INC	131,200 SHARES		7,540,376		9,870,176
	BERRY PETROLEUM CORP	32,666 SHARES		1,079,355		1,427,504
	BIG LOTS INC	66,717 SHARES		1,681,293		2,032,200
	BILL BARRETT CORP	65,951 SHARES		2,339,872		2,712,565
	BIOMARIN PHARMACEUTICAL	79,300 SHARES		1,730,246		2,135,549
	BIO-REFERENCE LABORATORIES INC	61,390 SHARES		1,298,980		1,361,630
	BLACKROCK INC	16,400 SHARES		2,788,812		3,125,512
	BLOCK(H & R) INC	108,200 SHARES		1,993,838		1,288,662
	BMC SOFTWARE INC	55,990 SHARES		1,988,244		2,639,369
	BNP PARIBAS	61,601 SHARES		4,871,200		3,934,530
	BOEING CO	13,760 SHARES		720,428		897,978
	BORG-WARNER INC	148,100 SHARES		4,560,713		10,716,516
	BOSTON PROPERTIES INC	71,700 SHARES		5,421,474		6,173,370
	BRIGHAM EXPLORATIONS	106,555 SHARES		1,905,462		2,902,558
	BRITISH AMERICAN TOBACCO	105,264 SHARES		3,187,252		4,060,010
	BROADCOM CORP	82,870 SHARES		3,181,520		3,608,988
	BRUKER CORP	108,735 SHARES		1,295,651		1,805,001
	CA INC	21,300 SHARES		388,757		520,572
	CABLEVISION SYSTEMS CORP	89,400 SHARES		1,672,646		3,025,296
	CADENCE DESIGN SYSTEMS INC	154,506 SHARES		1,240,275		1,276,220
	CAPLEASE INC	176,102 SHARES		874,684		1,024,914
	CARRIZO OIL & GAS INC	43,925 SHARES		1,137,376		1,514,973
	CASTLE(A.M.)& CO	74,507 SHARES		1,129,199		1,371,674
	CATERPILLAR INC	20,300 SHARES		1,229,397		1,901,298
	CAVIUM NETWORKS	67,733 SHARES		1,413,783		2,552,179
	CELGENE CORP	18,530 SHARES		1,073,772		1,095,864
	CENTENE CORP	81,564 SHARES		1,666,496		2,066,832
	CEPHALON INC	65,800 SHARES		4,446,258		4,061,176
	CH ROBINSON WORLDWIDE INC	10,950 SHARES		766,056		878,080
	CHATHAM LODGING TRUST	72,771 SHARES		1,423,254		1,255,300
	CHEESECAKE FACTORY	91,895 SHARES		2,330,611		2,817,501
	CHESAPEAKE ENERGY CORP	203,100 SHARES		7,217,952		5,262,321
	CHEVRON CORP	55,900 SHARES		3,490,265		5,100,875
	CHICAGO BRIDGE & IRON CO	95,397 SHARES		1,352,831		3,138,561
	CISCO SYSTEMS INC	89,140 SHARES		2,065,537		1,803,302
	CIT GROUP INC	13,200 SHARES		239,111		621,720
	CITIGROUP INC	344,600 SHARES		5,061,424		1,629,958
	CITRIX SYSTEMS INC	33,390 SHARES		1,771,137		2,284,210
	CLEAN HARBORS INC	26,179 SHARES		1,642,989		2,201,130
	COACH INC	43,020 SHARES		1,375,793		2,379,436
	COGNIZANT TECH SOLUTIONS CORP	27,690 SHARES		1,400,288		2,029,400
	COLFAX CORP	67,443 SHARES		869,383		1,241,626

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

JPMORGAN CHASE & CO. AND OTHER EQUITY SECURITIES (CONTINUED):
	COMCAST CORP	41,600 SHARES		860,629		865,696
	COMMVAULT SYSTEMS INC	54,703 SHARES		915,157		1,565,600
	COMPAGNIE FINANCIERE RICHEMONT	40,178 SHARES		634,556		2,370,765
	COMPELLENT TECHNOLOGIES INC	33,736 SHARES		487,939		930,776
	COMPLETE GENOMICS INC	6,283 SHARES		56,547		46,934
	CONCHO RESOURCES INC	32,139 SHARES		839,578		2,817,626
	CONSOL ENERGY INC	34,530 SHARES		1,492,893		1,682,992
	CONVIO INC	43,892 SHARES		394,372		363,426
	CORPORATE EXECUTIVE BOARD CO	108,995 SHARES		2,629,807		4,092,762
	COVANCE INC	116,000 SHARES		5,983,867		5,963,560
	COVIDIEN PLC	36,190 SHARES		1,547,377		1,652,435
	COVIDIEN PLC	44,800 SHARES		1,717,342		2,045,568
	CREXUS INVESTMENT CORP	71,167 SHARES		1,055,643		932,288
	CSX CORP	151,400 SHARES		5,355,440		9,781,954
	CUMMINS INC	191,800 SHARES		5,800,229		21,099,918
	DARDEN RESTAURANTS INC	144,000 SHARES		5,672,997		6,687,360
	DARLING INTL INC	116,861 SHARES		788,606		1,551,914
	DELL INC	120,500 SHARES		2,390,567		1,632,775
	DEUTSCHE POST	234,890 SHARES		4,800,801		4,001,982
	DIAMOND FOODS INC	23,804 SHARES		771,932		1,265,897
	DIGITAL RIVER INC	38,459 SHARES		1,338,652		1,323,759
	DOLBY LABORATORIES INC	20,450 SHARES		1,277,429		1,364,015
	DR HORTON INC	372,900 SHARES		11,050,589		4,448,697
	DRESSER RAND GROUP	90,513 SHARES		3,045,642		3,854,949
	E.ON AG	79,609 SHARES		2,841,071		2,449,445
	EURO AERONAUTIC DEFENCE SPACE	214,471 SHARES		4,433,724		5,017,899
	EASTMAN CHEMICAL CO	87,200 SHARES		4,756,488		7,331,776
	EATON CORP	19,250 SHARES		1,151,659		1,954,067
	EATON VANCE CORP	319,400 SHARES		9,353,175		9,655,462
	EBAY INC	135,960 SHARES		3,267,865		3,783,767
	EDUCATION MANAGEMENT CORP	58,518 SHARES		1,257,420		1,059,176
	EMC CORP	191,030 SHARES		3,428,555		4,374,587
	EMERGENCY MEDICAL SERVICES L.P.	19,283 SHARES		940,262		1,245,875
	ENAGAS SA	198,503 SHARES		3,761,610		3,971,890
	ENSCO PLC	30,350 SHARES		1,497,832		1,620,083
	ENTERGY CORP	28,000 SHARES		2,103,456		1,983,240
	EOG RESOURCES INC	22,770 SHARES		2,355,702		2,081,406
	EQT CORP	13,800 SHARES		522,458		618,792
	EURASIAN NAT’L RESOURCES CORP	67,583 SHARES		1,053,310		1,108,903
	EXELON CORP	53,400 SHARES		2,292,154		2,223,576
	EXPRESS SCRIPTS INC	304,824 SHARES		7,493,837		16,475,737
	EXXON MOBIL CORP	58,800 SHARES		3,649,989		4,299,456
	FANUC CO	26,500 SHARES		2,008,427		4,074,410
	FERRO CORP	130,171 SHARES		854,684		1,905,703
	FIFTH THIRD BANCORP	88,500 SHARES		1,754,462		1,299,180
	FIRST POTOMAC REALTY TRUST	162,323 SHARES		2,541,583		2,730,273
	FIRSTMERIT CORP	51,649 SHARES		944,326		1,022,134
	FLEXTRONICS INTERNATIONAL	885,200 SHARES		6,334,196		6,948,820
	FLUSHING FINANCIAL CORP	108,039 SHARES		1,318,672		1,512,546
	FORD MOTOR CO	191,220 SHARES		2,482,257		3,210,584
	FORTUNE BRANDS INC	27,900 SHARES		1,485,113		1,680,975

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

JPMORGAN CHASE & CO. AND OTHER EQUITY SECURITIES (CONTINUED):
	FREEPORT-MCMORN CPPR & GOLD INC	19,550 SHARES		1,658,580		2,347,759
	FRONTEER GOLD INC	196,529 SHARES		843,110		2,305,285
	FTI CONSULTING INC	21,542 SHARES		927,359		803,086
	GATX CORP	140,600 SHARES		5,743,755		4,960,368
	GEMALTO	69,822 SHARES		2,670,942		2,982,912
	GENERAL ELECTRIC CO	183,200 SHARES		5,570,700		3,350,728
	GENERAL MOTORS CO	46,700 SHARES		1,620,022		1,721,362
	GENESEE & WYOMING INC	38,781 SHARES		1,222,421		2,053,454
	GIVAUDAN AG	3,766 SHARES		3,139,089		4,076,702
	GLOBAL PAYMENTS INC	121,900 SHARES		5,116,667		5,632,999
	GOLDMAN SACHS GROUP INC	28,115 SHARES		4,029,193		4,727,818
	GOODRICH CORP	94,000 SHARES		6,344,377		8,278,580
	GOOGLE INC	8,160 SHARES		4,172,249		4,846,795
	GRACO INC	33,174 SHARES		1,052,671		1,308,714
	GREAT LAKES DREDGE & DOCK CORP	127,860 SHARES		784,067		942,328
	GREEN MNT COFFEE ROASTERS INC	70,680 SHARES		2,220,085		2,322,545
	GSI COMMERCE	65,951 SHARES		1,092,324		1,530,063
	HARLEY DAVIDSON	67,390 SHARES		1,840,393		2,336,411
	HARRIS CORP	152,000 SHARES		6,495,426		6,885,600
	HARSCO CORP	146,300 SHARES		5,089,881		4,143,216
	HARTFORD FINC’L SERVICES GRP INC	101,450 SHARES		1,842,660		2,687,410
	HASEKO CORP	1,535,090 SHARES		2,899,810		1,362,758
	HEARTLAND EXPRESS INC	151,608 SHARES		2,316,632		2,428,760
	HECLA MINING CO	266,614 SHARES		1,829,783		3,002,074
	HELIX ENERGY SOLUTIONS GROUP INC	303,000 SHARES		7,777,779		3,678,420
	HERSHA HOSPITALITY TRUST	61,178 SHARES		402,534		403,775
	HITTITE MICROWAVE CORP	59,502 SHARES		2,293,284		3,632,002
	HOME DEPOT INC	78,100 SHARES		2,544,819		2,738,186
	HONDA MOTOR CO	102,729 SHARES		3,350,025		4,072,175
	HONEYWELL INTERNATIONAL INC	31,600 SHARES		900,370		1,679,856
	HSBC HLDGS	372,300 SHARES		4,438,770		3,817,037
	HUB GROUP INC	44,601 SHARES		1,027,551		1,567,279
	IDEX CORP	61,446 SHARES		1,855,724		2,403,768
	ILLINOIS TOOL WORKS INC	96,690 SHARES		4,094,232		5,163,246
	INGERSOLL-RAND	58,780 SHARES		2,123,280		2,767,950
	INSULET CORPORATION	78,526 SHARES		1,194,886		1,217,153
	INTEGRA LIFESCIENCES HLDGS CORP	60,846 SHARES		2,338,224		2,878,016
	INTEGRYS ENERGY GROUP INC	101,500 SHARES		4,874,616		4,923,765
	INTERCONTINENTAL EXCHANGE INC	73,600 SHARES		4,558,427		8,769,440
	INTERLINE BRANDS INC	93,479 SHARES		1,785,841		2,128,517
	INTERNATIONAL BUS MACH CORP	21,750 SHARES		2,032,153		3,192,030
	INTERNATIONAL GAME TECHNOLOGY	280,400 SHARES		6,545,989		4,960,276
	INTERNATIONAL PAPER CO	78,100 SHARES		2,431,413		2,127,444
	INTERNATIONAL RECTIFIER CORP	220,200 SHARES		6,269,523		6,537,738
	INTREPID POTASH INC	39,615 SHARES		1,112,982		1,477,243
	INTUIT INC	190,700 SHARES		6,831,383		9,401,510
	ITAU UNIBANCO HOLD	71,086 SHARES		1,118,697		1,706,775
	JANUS CAPITAL GROUP INC	228,956 SHARES		3,030,267		2,969,559
	JEFFERIES GROUP INC	206,000 SHARES		4,898,997		5,485,780
	JGC CORP	190,000 SHARES		3,220,678		4,139,449
	JOHNSON & JOHNSON	47,600 SHARES		2,930,054		2,944,060

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

JPMORGAN CHASE & CO. AND OTHER EQUITY SECURITIES (CONTINUED):
	JOHNSON CONTROLS INC	88,130 SHARES		2,339,954		3,366,566
	JOY GLOBAL INC	164,760 SHARES		9,450,884		14,292,930
*	JPMORGAN CHASE & CO	65,785,285 SHARES		2,482,447,957		2,790,611,790
	JUNIPER NETWORKS	84,780 SHARES		1,899,201		3,130,078
	KDDI CORPORATION	632 SHARES		3,581,884		3,654,621
	KELLOGG CO	20,050 SHARES		993,801		1,024,154
	KEYCORP	789,200 SHARES		5,602,464		6,984,420
	KILROY REALTY CORP	25,003 SHARES		763,367		911,859
	KIMBERLY-CLARK CORP	28,850 SHARES		1,759,136		1,818,704
	KORN-FERRY INTERNATIONAL	101,219 SHARES		1,724,490		2,339,171
	LAS VEGAS SANDS CORP	24,310 SHARES		1,148,422		1,117,045
	LATTICE SEMICONDUCTOR CORP	134,746 SHARES		678,863		816,561
	LIBERTY MEDIA CORP	14,700 SHARES		692,470		977,256
	LIFEPOINT HOSPITALS INC	85,519 SHARES		2,387,604		3,142,823
	LINCOLN EDUCATIONAL SRVICS CORP	68,850 SHARES		1,182,161		1,067,864
	LINDE AG	42,006 SHARES		4,047,201		6,398,900
	LOCKHEED MARTIN CORP	10,500 SHARES		767,611		734,055
	LOWES COMPANIES INC	135,600 SHARES		2,828,611		3,400,848
	LULULEMON ATHLETICA INC	6,060 SHARES		436,444		414,625
	LYONDELLBASELL INDUSTRIES	27,081 SHARES		772,197		931,586
	MADISON SQUARE GARDEN INC	24,600 SHARES		396,458		634,188
	MAIDENFORM BRANDS INC	116,601 SHARES		2,691,148		2,771,606
	MAP PHARMACEUTICALS INC	119,208 SHARES		1,759,613		1,995,542
	MARSH & MCLENNAN COS INC	95,200 SHARES		2,779,425		2,602,768
	MASCO CORP	339,500 SHARES		7,124,998		4,298,070
	MATTEL INC	349,700 SHARES		7,170,369		8,892,871
	MEDTRONIC INC	400 SHARES		12,760		14,836
	MEMC ELECTRONICS MATERIALS INC	162,243 SHARES		2,046,358		1,826,856
	MERCK & CO INC	106,300 SHARES		3,238,099		3,831,052
	MFA FINANCIAL INC	427,831 SHARES		3,051,469		3,491,101
	MICHAEL PAGE INTERNATIONAL PLC	320,488 SHARES		1,208,560		2,784,835
	MICROSOFT CORP	364,270 SHARES		10,080,717		10,170,418
	MID-AMERICA APT COMMUNITIES	42,705 SHARES		1,820,472		2,711,340
	MITSUBISHI GAS CHEMICAL CO INC	335,000 SHARES		1,813,908		2,383,269
	MITSUBISHI UFJ FINANCIAL GROUP	766,100 SHARES		6,178,477		4,146,697
	MOBILE MINI	105,559 SHARES		2,412,163		2,078,457
	MONSANTO CO	55,680 SHARES		3,336,291		3,877,555
	MONTPELIER RE HOLDINGS	25,329 SHARES		488,460		505,060
	MOOG INC	70,096 SHARES		2,487,200		2,789,821
	MORGAN STANLEY	108,200 SHARES		3,338,107		2,944,122
	MOTORS LIQUIDATION CO	16,825 SHARES		57,309		140,489
	MUNCHENER RUCKVERSICHERUNGS	23,778 SHARES		3,231,463		3,618,984
	MURPHY OIL CORP	44,300 SHARES		2,240,979		3,302,565
	MWI VETERINARY SUPPLY INC	43,875 SHARES		1,460,225		2,770,706
	NATIONAL OILWELL VARCO INC	26,380 SHARES		915,182		1,774,055
	NATUS MEDICAL INC	95,981 SHARES		1,539,504		1,361,011
	NETAPP INC	72,360 SHARES		1,181,001		3,976,906
	NETGEAR INC	111,465 SHARES		2,013,892		3,754,141
	NEWELL RUBBERMAID INC	47,400 SHARES		1,069,731		861,732
	NEWFIELD EXPLORATION CO	209,800 SHARES		11,526,469		15,128,678
	NEWS CORP	157,090 SHARES		2,146,786		2,287,230

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

JPMORGAN CHASE & CO. AND OTHER EQUITY SECURITIES (CONTINUED):
	NIKE INC	12,390 SHARES		1,012,409		1,058,354
	NISOURCE INC	65,000 SHARES		1,322,362		1,145,300
	NORTEK INC	27,632 SHARES		1,547,367		994,752
	NORTHERN TRUST CORP	104,200 SHARES		6,650,360		5,773,722
	NOVARTIS AG	69,383 SHARES		3,036,618		4,090,329
	NOWAUTO INC	12,999 SHARES		—		1
	NRG ENERGY INC	93,200 SHARES		2,007,721		1,821,128
	NTELOS HOLDINGS CORP	172,296 SHARES		3,227,527		3,282,239
	NUCOR CORP	23,150 SHARES		959,988		1,014,433
	OCCIDENTAL PETROLEUM CORP	9,450 SHARES		771,434		927,045
	OCEANFIRST FINANCIAL CORP	98,416 SHARES		1,043,773		1,266,614
	OMNOVA SOLUTIONS INC	130,966 SHARES		974,809		1,094,876
	ONEOK INC	108,600 SHARES		5,392,613		6,024,042
	OPAP	172,462 SHARES		4,415,661		2,993,881
	ORACLE CORP	205,290 SHARES		4,618,876		6,425,577
	ORBCOMM INC	224,702 SHARES		1,610,962		581,978
	PACCAR INC	61,670 SHARES		2,160,885		3,541,091
	PANAMERSA CORP	395,000 SHARES		—		40
	PATRIOT COAL CORPORATION	78,104 SHARES		1,285,290		1,512,874
	PFIZER INC	210,200 SHARES		3,999,516		3,680,602
	PHILIP MORRIS INTERNATIONAL INC	24,400 SHARES		983,793		1,428,132
	PINNACLE ENTERTAINMENT INC	155,974 SHARES		1,607,017		2,186,755
	PLEXUS CORP	61,796 SHARES		1,577,075		1,911,968
	POLO RALPH LAUREN CORP	20,340 SHARES		1,686,359		2,256,113
	POWER INTEGRATIONS INC	85,574 SHARES		2,456,788		3,434,940
	PRECISION CASTPARTS CORP	6,770 SHARES		702,302		942,452
	PRECISION DRILLING CORP	260,089 SHARES		2,452,645		2,512,811
	PRICELINE.COM INC	7,250 SHARES		1,610,727		2,896,738
	PRINCIPAL FINANCIAL GROUP	29,300 SHARES		764,410		954,008
	PROCTER & GAMBLE CO	31,350 SHARES		1,748,474		2,016,746
	PROGRESSIVE CORP	368,120 SHARES		6,374,434		7,314,544
	PROSPERITY BANCSHARES INC	26,404 SHARES		836,521		1,037,149
	PROTECTIVE LIFE CORP	137,601 SHARES		2,680,560		3,665,691
	PS BUSINESS PARKS INC	13,488 SHARES		664,325		751,551
	PULTE GROUP INC	485,000 SHARES		10,287,201		3,647,200
	QUALCOMM INC	72,415 SHARES		3,096,406		3,583,818
	QUEST SOFWARE INC	54,633 SHARES		814,296		1,515,519
	RAYMOND JAMES FINANCIAL INC	193,300 SHARES		5,074,245		6,320,910
	RAYTHEON CO	30,350 SHARES		1,327,184		1,406,419
	RBC BEARINGS INC	114,934 SHARES		3,197,201		4,491,621
	REED ELSEVIER	527,429 SHARES		7,474,982		6,549,998
	REINSURANCE GROUP OF AMERICA	108,600 SHARES		6,226,240		5,832,906
	RESOURCES CONNECTION INC	84,004 SHARES		1,841,497		1,561,634
	REXAM	687,612 SHARES		3,132,770		3,581,714
	RIO TINTO	23,700 SHARES		1,660,945		1,698,342
	RIO TINTO	65,714 SHARES		2,295,622		4,615,941
	ROCHE HLDG	27,434 SHARES		3,742,842		4,032,248
	ROLLS ROYCE GROUP	35,093,312 SHARES		—		54,944
	ROLLS ROYCE GROUP	587,204 SHARES		4,411,887		5,727,587
	ROVI CORP	31,370 SHARES		1,278,719		1,945,254
	ROYAL DUTCH SHELL	37,950 SHARES		2,299,337		2,534,301

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

JPMORGAN CHASE & CO. AND OTHER EQUITY SECURITIES (CONTINUED):
	RUDDICK CORP	69,818 SHARES		1,908,457		2,572,095
	SANDERSON FARM INC	754 SHARES		29,410		29,519
	SANKYO CO	59,379 SHARES		3,086,772		3,356,793
	SANOFI-AVENTIS	98,822 SHARES		7,627,384		6,343,697
	SAVVIS INC	87,537 SHARES		2,080,388		2,233,944
	SBA COMMUNICATIONS	84,682 SHARES		1,904,835		3,466,881
	SCHLUMBERGER	57,820 SHARES		2,729,689		4,827,970
	SCOTTS MIRACLE-GRO CO	148,376 SHARES		6,428,028		7,533,050
	SEMILEDS CORP	1,659 SHARES		28,776		48,194
	SHIN-ETSU CHEMICAL CO	117,300 SHARES		5,694,907		6,363,603
	SIEMENS AG	12,590 SHARES		1,570,967		1,564,308
	SIEMENS AG	48,705 SHARES		4,897,260		6,057,036
	SINGAPORE AIRLINES	256,000 SHARES		1,741,027		3,057,492
	SKANDINAVISKA ENSKILDA BANKEN	459,638 SHARES		2,772,318		3,835,530
	SLM CORP	75,500 SHARES		727,921		950,545
	SMC CORP	20,500 SHARES		2,338,806		3,515,874
	SMURFIT KAPPA GROUP	40,869 SHARES		450,653		400,243
	SMURFIT KAPPA GROUP	190,784 SHARES		3,780,452		1,868,408
	SMURFIT-STONE CONTAINER CORP	20,108 SHARES		501,438		514,765
	SNAM RETE GAS	492,552 SHARES		2,356,781		2,458,113
	SNAP-ON INC	86,900 SHARES		3,000,515		4,916,802
	SOLARWINDS INC	44,543 SHARES		828,610		857,453
	SONY FINANCIAL HOLDINGS INC	1,673 SHARES		5,600,524		6,776,161
	SOUTHWEST AIRLINES CO	205,900 SHARES		2,301,452		2,672,582
	SPECTRA ENERGY CORP	95,300 SHARES		1,715,002		2,381,547
	SPECTRUM BRANDS HLDGS INC	18,148 SHARES		546,005		565,673
	SPRINT NEXTEL CORP	324,900 SHARES		3,402,013		1,374,327
	ST JOE CO	51,600 SHARES		1,527,098		1,127,460
	STANCORP FINANCIAL GROUP	112,614 SHARES		4,626,842		5,083,396
	STAPLES INC	71,600 SHARES		1,564,804		1,630,332
	STARBUCKS CORP	41,520 SHARES		1,106,000		1,334,038
	STATE STREET CORP	42,400 SHARES		2,150,146		1,964,816
	STERIS CORP	16,509 SHARES		587,076		601,918
	SUNOCO INC	400 SHARES		15,565		16,124
	SYMETRA FINANCIAL CORP	217,170 SHARES		2,723,725		2,975,229
	SYNOPSYS INC	198,300 SHARES		4,534,442		5,336,253
	TECHNIP	40,617 SHARES		2,439,673		3,765,241
	TELEDYNE TECHNOLOGIES INC	38,616 SHARES		1,409,715		1,697,946
	TELLABS INC	1,097,200 SHARES		7,194,882		7,439,016
	TEVA PHARMACEUTICAL INDUSTRIES	21,080 SHARES		1,008,066		1,098,900
	TEXAS INSTRUMENTS INC	79,040 SHARES		1,516,877		2,568,800
	TEXAS ROADHOUSE	223,668 SHARES		2,725,205		3,840,380
	THE MOSAIC COMPANY	34,630 SHARES		2,206,534		2,644,347
	THOMAS PROPERTIES GROUP INC	99,985 SHARES		876,190		421,937
	TIME WARNER CABLE INC	35,800 SHARES		1,766,710		2,363,874
	TIME WARNER INC	98,000 SHARES		3,292,248		3,152,658
	TJX COS INC	182,400 SHARES		4,726,475		8,096,736
	TNT N.V.	231,353 SHARES		7,519,663		6,129,839
	TOKYO ELECTRON	52,700 SHARES		1,760,888		3,339,843
	TOTAL SA	66,550 SHARES		4,184,255		3,559,094
	TOYOTA MOTOR CORP	130,200 SHARES		4,946,829		5,169,151

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

JPMORGAN CHASE & CO. AND OTHER EQUITY SECURITIES (CONTINUED):
	TRANSOCEAN LTD	23,788 SHARES		2,184,021		1,634,612
	TREEHOUSE FOODS INC	49,234 SHARES		1,458,659		2,515,365
	TW TELECOM INC	109,100 SHARES		1,726,250		1,860,155
	TYCO ELECTRONICS LTD	52,200 SHARES		1,554,711		1,847,880
	TYCO INTERNATIONAL LTD	13,800 SHARES		536,311		571,872
	UBS	293,279 SHARES		4,905,638		4,829,774
	UNICREDIT SPA	1,690,684 SHARES		4,321,326		3,511,076
	UNION PACIFIC CORP	28,450 SHARES		1,246,212		2,636,177
	UNITED NATURAL FOODS INC	73,101 SHARES		1,876,575		2,681,345
	UNIVEST CORP OF PA	26,991 SHARES		478,556		517,417
	URS CORP	113,900 SHARES		3,813,784		4,739,379
	US BANCORP DELAWARE	138,200 SHARES		2,808,722		3,727,254
	UTI WORLDWIDE INC	71,295 SHARES		1,241,471		1,511,454
	VAIL RESORTS INC	43,599 SHARES		1,533,040		2,268,892
	VALIDUS HOLDING LTD	59,696 SHARES		1,524,318		1,827,295
	VALSPAR CORP	222,100 SHARES		5,779,165		7,658,008
	VERISIGN	34,060 SHARES		938,754		1,112,740
	VINCI	110,758 SHARES		6,009,458		6,044,535
	VITACOST.COM INC	103,087 SHARES		965,137		284,915
	VMWARE INC	10,350 SHARES		833,094		920,219
	VODAFONE GROUP	1,820,049 SHARES		4,165,643		4,724,570
	VOLCOM INC	123,224 SHARES		2,698,481		2,325,237
	VULCAN MATERIALS CO	37,000 SHARES		1,592,868		1,641,320
	WADDELL & REED FINL INC	45,672 SHARES		1,147,495		1,611,765
	WAL-MART STORES INC	38,850 SHARES		1,862,241		2,095,181
	WARNACO GROUP INC	46,807 SHARES		1,511,780		2,577,661
	WASTE CONNECTIONS INC	112,068 SHARES		2,412,822		3,085,232
	WASTE MANAGEMENT INC	34,500 SHARES		1,090,186		1,272,015
	WATCHIT TECHNOLOGIES INC	50,397 SHARES		—		35
	WELLS FARGO & CO	139,200 SHARES		3,626,703		4,313,808
	WESTERN UNION COMPANY	176,070 SHARES		2,790,562		3,269,620
	WEYERHAEUSER CO	130,100 SHARES		2,850,848		2,462,793
	WHITE MOUNTAINS INS GROUP	8,983 SHARES		2,921,961		3,014,695
	WILEY(JOHN)& SONS INC	97,940 SHARES		3,981,235		4,430,806
	WOODWARD GOVERNOR CO	35,872 SHARES		983,241		1,347,352
	WRIGHT EXPRESS CORP	49,924 SHARES		1,454,445		2,296,504
	YUE YUEN INDUSTRIAL HLDGS	1,072,500 SHARES		2,153,144		3,856,152
	YUM BRANDS INC	195,900 SHARES		4,938,796		9,608,895
	ZURICH FINANCIAL SERVICES	15,021 SHARES		3,445,586		3,903,107

	TOTAL JPMORGAN CHASE & CO. AND OTHER EQUITY SECURITIES			3,484,700,213		3,963,242,805

SYNTHETIC GUARANTEED INVESTMENT CONTRACTS:
	AIG	0.000% 12/31/2049 656,500,990		656,500,990		649,506,366
*	JPM/BANK OF AMERICA	01-001/10051-5 715,466,318		715,466,318		707,843,454
*	JPM/STATE STREET BANK	101004/10051-5 752,014,111		752,014,111		744,001,852

	TOTAL GUARANTEED INVESTMENT CONTRACTS			2,123,981,419		2,101,351,672

REGISTERED INVESTMENT COMPANIES (MUTUAL FUNDS):
*	JPM US EQUITY FUNDS	34,817,788 UNITS		543,088,445		505,554,288
*	JPM TR I SMALL CAP CORE FUND	13,101,911 UNITS		504,158,719		477,957,716
*	JPM TR II CORE BD FUND	32,590,462 UNITS		352,397,107		373,812,604
*	JPM MID CAP GROWTH FUND	17,093,114 UNITS		266,744,752		392,970,696

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

REGISTERED INVESTMENT COMPANIES (MUTUAL FUNDS) (CONTINUED):
	PIMCO FDS PAC INVT MGMT	359,505 UNITS		2,901,319		2,009,634
	PIMCO FDS PAC INVT MGMT	1,364,274 UNITS		14,124,299		14,543,164

	TOTAL REGISTERED INVESTMENT COMPANIES (MUTUAL FUNDS)			1,683,414,641		1,766,848,102

CORPORATE DEBT SECURITIES:
	ABBOT LABORATORIES	0.21% 11/JAN/2011 8,000,000		7,999,111		7,999,644
	ACCELLENT INC	8.38% 02/01/2017 250,000		248,508		256,250
	ACCO BRANDS CORP	7.63% 08/15/2015 500,000		463,081		500,000
	ACCO BRANDS CORP SR NT	10.63% 03/15/2015 250,000		246,706		281,250
	ACCURIDE CORP	9.5% 08/01/2018 250,000		261,162		270,625
	AES CORPORATION	7.75% 03/01/2014 105,000		97,650		112,087
	AES CORPORATION	7.75% 10/15/2015 1,830,000		1,712,350		1,953,525
	AES CORPORATION	8.00% 06/01/2020 1,200,000		1,180,486		1,272,000
	AES CORPORATION	8.00% 10/15/2017 960,000		888,000		1,015,200
	AES CORPORATION	9.75% 04/15/2016 500,000		475,431		558,750
	AFFINIA GROUP INC	9.00% 11/30/2014 500,000		506,250		513,750
	AFFINION GROUP INC	11.5% 10/15/2015 125,000		131,094		130,000
	AFFINION GROUP INC	7.88% 12/15/2018 1,000,000		992,550		975,000
	AFFINITY GROUP INC	11.50% 12/01/2016 500,000		489,510		491,250
	AIR CANADA	9.25% 08/01/2015 750,000		746,250		787,500
	AIRGAS INC	7.13% 10/01/2018 500,000		430,679		552,500
	AK STEEL CORP	7.63% 05/15/2020 125,000		122,187		125,312
	ALBERTSONS INC	8.00% 05/01/2031 1,000,000		917,500		750,000
	ALERE INC	7.88% 02/01/2016 250,000		241,562		250,625
	ALERE INC	9.00% 05/15/2016 375,000		365,165		386,250
	ALERIS INTERNATIONAL INC	10.00% 12/15/2016 1,000,000		1,022,329		2,510
	ALERIS INTERNATIONAL INC	9.00% 12/15/2014 375,000		378,861		1,687
	ALLBRITTON COMMUNICATIONS CO	8.00% 05/15/2018 500,000		500,000		505,000
	ALLIANCE ONE INTERNATIONAL INC	10.00% 07/15/2016 625,000		657,631		640,625
	ALLIANT TECHSYSTEMS INC	6.75% 04/01/2016 500,000		487,500		518,125
	ALLISON TRANS	11.00% 11/01/2015 1,125,000		1,157,969		1,226,250
	ALLISON TRANS	11.25% 11/01/2015 125,000		135,625		136,250
	ALLY AUTO RECEIVABLES TRUST	0.34% 11/15/2011 3,594,361		3,594,361		3,596,241
	ALLY AUTO RECEIVABLES TRUST	1.21% 06/15/2012 2,659,314		2,666,187		2,664,248
	ALLY AUTO RECEIVABLES TRUST	0.71% 02/15/2013 1,000,000		999,907		999,464
	ALLY AUTO RECEIVABLES TRUST	0.75% 04/15/2012 424,063		424,047		424,343
	ALLY FINANCIAL INC	5.38% 06/06/2011 331,000		323,770		332,655
	ALLY FINANCIAL INC	6.63% 05/15/2012 1,150,000		1,132,000		1,193,125
	ALLY FINANCIAL INC	6.75% 12/01/2014 540,000		501,459		568,350
	ALLY FINANCIAL INC	6.88% 08/28/2012 250,000		218,087		261,250
	ALLY FINANCIAL INC	6.88% 09/15/2011 1,200,000		1,183,285		1,233,000
	ALLY FINANCIAL INC	7.25% 03/02/2011 1,000,000		935,868		1,005,000
	ALLY FINANCIAL INC	7.50% 12/31/2013 308,000		190,315		330,330
	ALLY FINANCIAL INC	8.00% 03/15/2020 1,750,000		1,722,803		1,911,875
	ALLY FINANCIAL INC	8.00% 11/01/2031 3,461,000		2,653,088		3,729,227
	ALLY FINANCIAL INC	8.00% 12/31/2018 65,000		24,587		68,737
	ALTRA HOLDINGS INC	8.13% 12/01/2016 375,000		375,844		397,500
	AMER GENL FIN	4.88% 07/15/2012 500,000		458,125		470,625
	AMERICA MOVIL SAB DE CV	5.63% 11/15/2017 520,000		485,678		566,883
	AMERICAN AXLE & MFG INC	7.88% 03/01/2017 250,000		251,406		255,937
	AMERICAN AXLE & MFG INC	5.25% 02/11/2014 125,000		108,437		122,812

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

CORPORATE DEBT SECURITIES (CONTINUED):
	AMERICAN AXLE & MFG INC	9.25% 01/15/2017 625,000		653,125		698,437
	AMERICAN EXPRESS BANK	5.5% 04/16/2013 2,000,000		1,941,760		2,155,586
	AMERICAN EXPRESS CO	FLTG RATE 09/01/2066 40,000		21,717		39,600
	AMERICAN EXPRESS CREDIT ACCT MSTR	5.35% 01/15/2014 9,270,000		9,570,715		9,475,636
	AMERICAN EXPRESS CREDIT ACCT MSTR	FLTG RATE 03/17/2014 4,850,000		4,833,512		4,844,961
	AMERICAN EXPRESS CREDIT CORP	FLTG RATE 06/16/2011 2,300,000		1,958,496		2,299,577
	AMERICAN EXPRESS CREDIT CORP	FLTG RATE 08/15/2013 4,510,000		4,519,951		4,510,608
	AMERICAN GENERAL FIN. MTN	5.40% 12/01/2015 500,000		423,750		394,375
	AMERICAN GENERAL FINANCE	6.9% 12/15/2017 1,370,000		637,106		1,106,275
	AMERICAN GENERAL FINANCE	5.38% 10/01/2012 750,000		696,250		708,750
	AMERICAN HONDA FINANCE CORP	FLTG RATE 04/13/2012 1,000,000		1,000,000		999,420
	AMERICAN HONDA FINANCE CORP	FLTG RATE 06/20/2011 2,160,000		2,174,180		2,166,368
	AMERICAN HONDA FINANCE CORP	FLTG RATE 06/29/2011 3,000,000		3,062,964		3,032,436
	AMERICAN HONDA FINANCIAL	0.32% 03/02/2011 8,000,000		7,993,653		7,996,800
	AMERICAN INT’L GROUP INC	8.18% 06/15/2058 250,000		270,625		266,202
	AMERICAN INT’L GROUP INC	5.85% 01/16/2018 2,380,000		1,724,341		2,454,118
	AMERICAN INTL GROUP	4.95% 03/20/2012 1,800,000		1,516,500		1,859,128
	AMERICAN INTL GROUP	5.45% 05/18/2017 2,400,000		1,728,000		2,430,334
	AMERICAN TIRE DIST	9.75% 06/01/2017 375,000		405,000		405,000
	AMERIGAS PARTNERS	7.13% 05/20/2016 500,000		478,437		517,500
	AMERISTAR CASINOS INC	9.25% 06/01/2014 500,000		493,877		535,000
	AMSTED INDUSTRIES	8.13% 03/15/2018 250,000		250,000		265,312
	ANZ NATIONAL	5.5% 08/08/2011 125,000		130,343		127,838
	AOL TIME WARNER INC	7.63% 04/15/2031 84,000		85,995		102,117
	AOL TIME WARNER INC	7.7% 05/01/2032 670,000		691,737		817,863
	AQUILEX HLDGS LLC/FINANCE CORP	11.13% 12/15/2016 375,000		366,836		379,687
	ARDAGH GLASS FINANCE	8.75% 02/01/2020 250,000		362,678		336,226
	ARDAGH PACKAGING	9.25% 10/15/2020 375,000		534,097		516,589
	ARVINMERITOR INC	10.63% 03/15/2018 625,000		671,875		703,125
	ASHTEAD HLDGS	8.63% 08/01/2015 250,000		225,000		259,062
	ASIF GLOBAL FINANCING XIX	4.9% 01/17/2013 113,000		95,279		116,390
	ASPECT SOFTWARE INC	10.63% 05/15/2017 500,000		512,969		513,125
	ASSOCIATED MATERIAL INC	9.13% 11/01/2017 125,000		125,000		130,625
	AT&T MOBILITY LLC	6.5% 12/15/2011 2,255,000		2,397,340		2,379,701
	ATLANTIC BROADBAND	9.375% 01/15/2014 500,000		508,125		507,500
	AUSTRALIA & NEW ZEALA BKG	FLTG RATE 04/26/2011 5,200,000		5,201,732		5,199,844
	BA CREDIT CARD TRUST	FLTG RATE 11/15/2013 400,000		399,734		399,687
	BA CREDIT CARD TRUST	FLTG RATE 12/16/2013 3,800,000		3,841,414		3,820,244
	BALDOR ELECTRIC CO	8.63% 02/15/2017 750,000		764,062		840,000
	BALL CORP	6.63% 03/15/2018 250,000		202,500		255,000
	BALL CORP	6.75% 09/15/2020 250,000		255,625		262,500
	BANCO BILBAO VIZCAYA A.	0.46% 01/01/11 1,000,000		1,000,050		1,000,003
	BANCO SANTANDER CHILE SA	FLTG RATE 04/20/2012 500,000		500,000		499,813
	BANK OF AMERICA AUTO TRUST	0.91% 10/15/2012 3,100,000		3,104,190		3,105,907
	BANK OF AMERICA AUTO TRUST	0.75% 06/15/2012 1,661,731		1,661,685		1,662,663
	BANK OF AMERICA AUTO TRUST	4.97% 09/20/2012 1,645,824		1,679,512		1,667,775
	BANK OF AMERICA CORP	0.00% 01/15/2017 22,141		22,148		22,149
	BANK OF AMERICA CORP	5.38% 06/15/2014 600,000		614,880		630,735
	BANK OF AMERICA CORP	5.42% 03/15/2017 500,000		356,375		495,475
	BANK OF AMERICA CORP	5.75% 12/01/2017 12,500,000		11,858,625		13,007,825
	BANK OF MONTREAL	0.40% 10/28/2011 4,000,000		4,000,000		4,000,000

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

CORPORATE DEBT SECURITIES (CONTINUED):
	BANK OF NOVA SCOTIA	0.43% 09/06/2011 1,000,000		1,000,000		1,000,000
	BANK OF NOVA SCOTIA	FLTG RATE 03/12/2012 2,000,000		2,002,356		2,001,920
	BANK OF NOVA SCOTIA	FLTG RATE 07/06/2011 1,000,000		999,000		999,848
	BARCLAYS BANK PLC	0.53% 01/01/2011 1,300,000		1,300,000		1,300,000
	BARCLAYS BANK PLC	0.65% 02/01/2011 5,000,000		5,000,000		5,000,000
	BARCLAYS BANK PLC	0.58% 06/01/2011 2,100,000		2,100,000		2,100,000
	BARCLAYS U.S. FDG LLC	ZERO CPN 01/04/2011 8,000,000		7,995,307		7,999,853
	BAUSCH & LOMB INC	9.875% 11/01/2015 1,250,000		1,250,665		1,337,500
	BBVA U.S. SENIOR S.A. UNIPERSONAL	FLTG 05/24/2011 2,900,000		2,900,010		2,891,781
*	BEAR STEARNS CO	7.25% 02/01/2018 1,490,000		1,641,169		1,765,742
	BELLSOUTH CORP	4.75% 11/15/2012 28,000		28,584		29,868
	BELVEDERE	FLTG RATE 05/15/2013 375,000		470,317		125,770
	BERKSHIRE HATHAWAY FINANCE CORP	FLTG RATE 01/11/2011 3,450,000		3,459,263		3,450,245
	BERRY PLASTICS CORP	8.25% 11/15/2015 250,000		247,614		265,000
	BERRY PLASTICS CORP	9.5% 05/15/2018 625,000		589,741		626,562
	BERRY PLASTICS CORP	FLTG RATE 02/15/2015 500,000		374,375		482,500
	BERRY PLASTICS CORP	FLTG RATE 09/15/2014 125,000		108,750		114,375
	BERRY PLASTICS HOLDING CORP	10.25% 03/01/2016 250,000		243,817		245,312
	BEVERAGE PACKAGING HOLDINGS	8.00% 12/15/2016 625,000		835,153		843,290
	BEVERAGE PACKAGING HOLDINGS	9.5% 06/15/2017 1,000,000		1,320,891		1,385,150
	BMW VEHICLE OWNER TRUST	0.68% 09/25/2012 6,475,207		6,480,679		6,480,730
	BNK OF TKYO-MTBSHI	0.55% 11/22/2011 2,900,000		2,900,000		2,900,000
	BNK OF TKYO-MTBSHI	0.56% 10/03/2011 4,200,000		4,200,000		4,200,000
	BNK OF TKYO-MTBSHI	0.95% 07/01/2011 1,100,000		1,100,000		1,100,000
	BNP PARIBAS	FLTG RATE 07/21/2011 1,625,000		1,633,817		1,627,350
	BNP PARIBAS NY BANCH	0.51% 06/08/2011 2,000,000		2,000,000		2,000,000
	BNP PARIBAS NY BANCH	FLTG RATE 03/22/2011 1,000,000		1,000,000		1,000,000
	BOARDRIDERS	8.88% 12/15/2017 500,000		669,125		696,768
	BOISE CASCADE LLC/FINANCE CORP	7.125% 10/15/2014 299,000		293,767		293,394
	BOMBARDIER INC	6.3% 05/01/2014 250,000		198,125		260,625
	BOMBARDIER INC	6.75% 05/01/2012 500,000		438,125		520,000
	BONTEN MEDIA GRP	9.00% 06/01/2015 302,430		298,980		161,044
	BOSTON SCIENTIFIC CORP	5.45% 06/15/2014 500,000		460,625		530,658
	BOSTON SCIENTIFIC CORP	6.4% 06/15/2016 500,000		413,750		535,229
	BOSTON SCIENTIFIC CORP	7.00% 11/15/2035 286,000		271,700		286,636
	BOYD GAMING CORP	6.75% 04/15/2014 500,000		485,625		491,250
	BPCE	ZERO CPN 02/14/2011 4,200,000		4,187,374		4,196,997
	BREITBURN ENERGY PARTNERS LP	8.63% 10/15/2020 625,000		618,765		628,125
	BRESNAN BROADBAND HLDGS LLC	8.00% 12/15/2018 875,000		875,000		901,250
	BRIGHTSTAR CORPORATION	9.50% 12/01/2016 500,000		504,375		508,750
	BUMBLE BEE FOODS LLC	7.75% 12/15/2015 787,000		784,234		900,037
	CABLEVISION SYSTEMS CORP	8.63% 09/15/2017 500,000		509,244		544,375
	CALCIPAR SA FRN	FLTG RATE 07/01/2014 375,000		432,763		465,350
	CALPINE CORP	7.25% 10/15/2017 125,000		122,500		125,000
	CANADIAN IMPERIAL BK	ZERO CPN 05/27/2011 1,000,000		999,970		999,979
	CANADIAN IMPERIAL BK	FLTG RATE 05/04/2012 1,050,000		1,050,000		1,050,000
	CANADIAN IMPERIAL BK	FLTG RATE 08/03/2011 4,000,000		4,000,000		3,999,220
	CAPITAL AUTO RECEIVABLES ASSET TR	4.68% 10/15/2012 997,350		1,028,164		1,014,067
	CAPITAL ONE CC TRUST	5.30% 02/18/2014 2,000,000		2,044,062		2,027,483
	CAPITAL ONE MULTI-ASSET EXECTN TR	4.85% 11/15/2013 8,000,000		8,036,237		8,013,618
	CAPITAL ONE MULTI-ASSET EXECTN TR	FLTG RATE 03/17/2014 5,486,000		5,460,131		5,481,420

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

CORPORATE DEBT SECURITIES (CONTINUED):
	CAPITAL ONE PRIME AUTO RECBLES TR	FLTG RATE 12/15/2012 918,782		917,633		918,015
	CARDINAL HEALTH 409 INC	FLTG RATE 04/15/2015 1,375,000		1,353,182		1,388,750
	CARMAX AUTO OWNER TRUST	0.83% 11/12/2012 2,612,656		2,615,199		2,614,501
	CARMAX AUTO OWNER TRUST	0.93% 06/15/2012 652,555		653,039		653,014
	CARMAX AUTO OWNER TRUST	4.99% 11/15//2012 1,205,246		1,235,142		1,223,618
	CASE NEW HOLLAND INC	7.75% 09/01/2013 625,000		610,295		671,875
	CB RICHARD ELLIS SERVICES INC	11.63% 06/15/2017 375,000		386,786		434,531
	CB RICHARD ELLIS SERVICES INC	6.63% 10/15/2020 250,000		250,000		250,000
	CC HOLDINGS GS V LLC/CROWN CASTLE	7.75% 05/01/2017 375,000		364,095		409,687
	CCM MERGER INC	8.00% 08/01/2013 250,000		205,625		243,125
	CEMEX FINANCE LLC GTD	9.50% 12/14/2016 750,000		765,000		773,437
	CENTRAL GARDEN & PET CO	8.25% 03/01/2018 375,000		372,187		379,687
	CF INDUSTRIES HOLDINGS INC	6.88% 05/01/2018 375,000		375,000		401,250
	CHARTER COMM’S OPT LLC/CORP	FLTG RATE 09/15/2014 1,000,000		760,390		1,117,500
	CHC HELICOPTER CORP	9.25% 10/15/2020 750,000		737,992		776,250
	CHECKOUT HOLDING CORP	ZERO CPN 11/15/2015 250,000		154,375		155,937
	CHESAPEAKE ENERGY CORP	6.25% 01/15/2017 250,000		325,853		338,523
	CHESAPEAKE ENERGY CORP	6.50% 08/15/2017 750,000		691,250		753,750
	CHESAPEAKE ENERGY CORP	6.63% 08/15/2020 375,000		375,000		369,375
	CHESAPEAKE ENERGY CORP	7.25% 12/15/2018 750,000		677,500		776,250
	CHESAPEAKE ENERGY CORP	9.50% 02/15/2015 125,000		123,646		140,937
	CHEVRON FDG CORP	0.17% 01/26/2011 8,000,000		7,998,436		7,999,111
	CHUKCHANSI ECO DEV AUTH	8.00% 11/15/2013 500,000		413,972		332,500
	CIE FINANCEMENT FONCIER	2.5% 09/16/2015 5,000,000		4,983,450		4,873,745
	CIE GEN GEOPHYSIQUE	7.75% 05/15/2017 250,000		250,000		256,250
	CINCINNATI BELL INC	8.38% 10/15/2020 375,000		378,750		360,000
	CINCINNATI BELL INC	8.75% 03/15/2018 250,000		246,490		234,375
	CIT GROUP INC	7.00% 05/01/2014 625,000		523,217		631,250
	CIT GROUP INC	7.00% 05/01/2015 2,375,000		2,037,346		2,380,937
	CIT GROUP INC	7.00% 05/01/2016 1,375,000		1,181,348		1,380,156
	CIT GROUP INC	7.00% 05/01/2017 2,625,000		2,315,517		2,631,562
	CITIBANK CREDIT CARD ISSUANCE TR	2.70% 06/23/2011 3,500,000		3,550,937		3,537,982
	CITIBANK CREDIT CARD ISSUANCE TR	5.45% 05/10/2011 6,500,000		6,668,161		6,613,750
	CITIBANK CREDIT CARD ISSUANCE TR	FLTG RATE 08/15/2013 1,000,000		999,922		999,443
	CITIGROUP FUNDING FR	FLTG RATE 05/05/2011 4,000,000		4,000,220		4,000,160
	CITIGROUP INC	5.875% 05/29/2037 220,000		190,128		215,224
	CITIGROUP INC	6.125% 05/15/2018 1,200,000		1,195,740		1,314,632
	CITIGROUP INC	6.88% 03/05/2038 1,370,000		1,352,039		1,519,657
	CITIGROUP INC	6.00% 08/15/2017 11,700,000		10,660,338		12,690,955
	CITIGROUP INC	6.5% 08/19/2013 2,410,000		2,371,893		2,646,322
	CKE RESTAURANTS INC	11.38% 07/15/2018 1,000,000		981,942		1,107,500
	CLEAR CHANNEL COMMUNICATIONS	5.50% 12/15/2016 500,000		418,437		325,000
	CLEAR CHANNEL COMMUNICATIONS	5.75% 01/15/2013 1,000,000		896,250		970,000
	CLONDALKIN INDUSTRIES PLC	8.00% 03/15/2014 500,000		556,897		657,359
	CNH EQUIPMENT TRUST	0.95% 08/15/2012 143,348		143,415		143,380
	CNH EQUIPMENT TRUST	2.97% 03/15/2013 1,124,475		1,133,521		1,129,347
	CNH WHOLESALE MASTER NOTE TR	4.78% 07/16/2012 340,640		344,352		341,215
	COCA-COLA COMPANY	FLTG RATE 05/15/2012 3,750,000		3,750,000		3,751,987
	COCA-COLA COMPANY	0.30% 02/07/2011 8,000,000		7,992,320		7,998,027
	CODELCO INC	4.75% 10/15/2014 223,000		208,082		238,221
	CODERE FINANCE (LUXEMBOURG) SA	8.25% 06/15/2015 750,000		991,217		1,011,193

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

CORPORATE DEBT SECURITIES (CONTINUED):
	COGNIS GMBH REGS	9.5% 05/15/2014 500,000		586,753		692,106
	COLUMBIA HCA HEALTHCARE CORP	7.19% 11/15/2015 100,000		96,378		98,000
	COLUMBIA HCA HEALTHCARE CORP	7.75% 07/15/2036 707,000		656,962		652,207
	COMMERCIAL BARGE LINE CO	12.5% 07/15/2017 625,000		628,635		721,875
	COMMUNITY HEALTH SYSTEMS INC	8.88% 07/15/2015 625,000		604,766		656,250
	COMSTOCK RESOURCES INC	8.38% 10/15/2017 625,000		622,812		626,562
	CONOCO FUNDING CO	7.25% 10/15/2031 3,000		3,276		3,709
	CONOCOPHILLIPS	4.75% 10/15/2012 25,000		25,882		26,772
	CONSOL ENERGY INC	8.00% 04/01/2017 1,000,000		1,000,000		1,065,000
	CONSOL GLASS LIMITED	7.63% 04/15/2014 625,000		777,639		860,437
	CONSTELLATION BRANDS INC	8.38% 12/15/2014 375,000		352,031		409,687
	CONSTELLATION BRANDS INC	7.25% 05/15/2017 750,000		700,000		794,062
	CONTINENTAL RESOURCE INC	8.25% 10/01/2019 250,000		250,002		277,500
	COUNTRYWIDE FINANCIAL	4.00% 03/22/2011 1,000,000		1,019,080		1,007,291
	COVANTA HOLDING CORP	7.25% 12/01/2020 500,000		500,000		506,889
	CPG INTERNATIONAL I INC	10.50% 07/01/2013 779,000		794,360		794,580
	CPM HOLDINGS INC	10.63% 09/01/2014 375,000		367,879		401,250
	CREDIT AGRICOLE CRP&IN	0.34% 03/15/2011 2,000,000		2,000,000		2,000,000
	CREDIT AGRICOLE CRP&IN	0.48% 03/08/2011 2,100,000		2,100,000		2,100,000
	CREDIT IND ET CM NY	0.42% 01/04/2011 2,000,000		2,000,000		2,000,000
	CREDIT IND ET CM NY	0.43% 02/10/2011 4,140,000		4,140,000		4,140,000
	CREDIT SUISSE FIRST BOSTON (USA) INC	6.13% 11/15/2011 1,330,000		1,403,443		1,393,527
	CREDIT SUISSE FIRST BOSTON (USA) INC	5.25% 03/02/2011 1,400,000		1,469,650		1,410,539
	CREDIT SUISSE USA INC	FLTG RATE 08/16/2011 4,000,000		4,001,132		4,004,256
	CROSSTEX ENERGY LP	8.88% 02/15/2018 875,000		905,126		937,344
	CROWN AMERICAS LLC	7.63% 05/15/2017 250,000		243,950		268,750
	CROWN AMERICAS LLC	7.75% 11/15/2015 500,000		495,054		520,000
	CROWN CASTLE INTERNATIONAL CORP	7.13% 11/01/2019 500,000		497,500		528,750
	CROWN CASTLE INTERNATIONAL CORP	9.00% 01/15/2015 500,000		480,207		551,250
	CROWN CORK & SEAL CO INC	7.38% 12/15/2026 750,000		705,000		744,375
	CSC HOLDINGS INC	8.50% 06/15/2015 750,000		673,351		813,750
	CSC HOLDINGS INC	8.50% 04/15/2014 500,000		479,335		549,375
	CSC HOLDINGS INC	8.63% 02/15/2019 500,000		487,095		565,000
	CVS CAREMARK CORP	5.88% 01/10/2028 203,641		196,516		206,622
	CVS CAREMARK CORP	6.04% 12/10/2028 817,069		601,093		837,978
	D.R. HORTON INC	5.63% 01/15/2016 250,000		206,875		247,500
	DAIMLER NORTH AMERICA CORP	5.75% 09/08/2011 6,000,000		6,323,580		6,199,686
	DAIMLER NORTH AMERICA CORP	7.30% 01/15/2012 656,000		619,942		696,989
	DANFIN FUNDING LTD	FLTG RATE 07/16/2013 1,100,000		1,100,000		1,098,700
	DEAN FOODS CO	7.00% 06/01/2016 1,000,000		985,312		917,500
	DEL MONTE CORP	7.50% 10/15/2019 500,000		511,958		583,125
	DENBURY RESOURCES INC	9.75% 03/01/2016 125,000		133,750		139,375
	DEUTSCHE BANK AG NY	0.51% 05/31/2011 4,000,000		4,000,000		4,000,000
	DEUTSCHE BANK AG NY	0.55% 04/08/2011 4,000,000		4,000,000		4,000,000
	DEUTSCHE TELE INT FIN	5.25% 07/22/2013 3,000		2,994		3,249
	DEVELOPERS DIVERSIFIED REALTY CORP	7.50% 04/01/2017 250,000		249,987		279,273
	DEXIA CREDIT LOCAL DE FRANCE	2.00% 03/05/2013 7,300,000		7,279,925		7,341,157
	DIGICEL GROUP LTD	8.88% 01/15/2015 1,375,000		1,230,625		1,388,750
	DIGICEL GROUP LTD	10.50% 04/15/2018 250,000		273,125		275,000
	DIGICEL GROUP LTD	FLTG RATE 01/15/2015 750,000		745,334		759,375
	DINEEQUITY INC	9.50% 10/30/2018 1,375,000		1,431,812		1,457,500

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

CORPORATE DEBT SECURITIES (CONTINUED):
	DISCOVER CARD EXECUTION NOTE TR	5.10% 10/15/2013 2,500,000		2,546,582		2,533,107
	DISCOVER MSTR TRUST	FLTG RATE 08/16/2013 5,079,000		5,077,096		5,078,091
	DISH DBS CORP	7.13% 02/01/2016 250,000		181,250		258,125
	DISH DBS CORP	7.88% 09/01/2019 250,000		254,253		261,250
	DISH DBS CORP	7.00% 10/01/2013 500,000		493,888		533,750
	DISH DBS CORP	7.75% 05/31/2015 500,000		506,583		531,250
	DISNEY (WALT) CO, THE	0.21% 02/17/2011 8,000,000		7,998,036		7,998,224
	DIVERSEY, INC	8.25% 11/15/2019 250,000		251,447		271,250
	DJO FINANCE LLC/DJO FINANCE CORP	10.88% 11/15/2014 750,000		728,978		818,437
	DOLE FOOD CO INC	13.88% 03/15/2014 325,000		308,205		397,312
	DOMTAR CORPORATION	10.75% 06/01/2017 500,000		483,750		630,000
	DRESSER RAND GROUP	FLTG RATE 11/01/2014 750,000		726,250		768,750
	DYNCORP INTERNATIONAL INC	10.38% 07/01/2017 375,000		376,214		384,375
	DYNEGY HLDGS INC	7.75% 06/01/2019 1,125,000		962,200		750,937
	DYNEGY HLDGS INC	8.38% 05/01/2016 625,000		606,449		467,187
	E TRADE FINANCIAL CORP	7.38% 09/15/2013 375,000		358,125		373,125
	EASTON-BELL SPORTS INC	9.75% 12/01/2016 500,000		528,005		548,750
	EBAY INC.	0.20% 01/10/2011 8,000,000		7,998,880		7,999,640
	EC FINANCE PLC	9.75% 08/01/2017 500,000		674,318		729,468
	ECHOSTAR DBS CORP	6.63% 10/01/2014 500,000		491,250		518,750
	EDCON HOLDINGS	FLTG RATE 06/15/2014 500,000		642,854		572,104
	EDISON MISSION ENERGY	7.75% 06/15/2016 500,000		459,760		430,000
	EDISON MISSION ENERGY	7.00% 05/15/2017 500,000		501,179		396,250
	EDISON MISSION ENERGY	7.20% 05/15/2019 500,000		501,786		386,250
	EL PASO CORP	7.00% 06/15/2017 1,000,000		840,000		1,055,315
	EL PASO CORP	7.75% 01/15/2032 405,000		302,043		402,866
	EL PASO CORP	7.80% 08/01/2031 1,697,000		1,468,595		1,688,079
	EL PASO NATURAL GAS	7.5% 11/15/2026 74,000		72,488		81,629
	EL PASO NATURAL GAS	8.38% 06/15/2032 70,000		62,621		82,335
	EL PASO NATURAL GAS	8.63% 01/15/2022 204,000		220,548		248,537
	EMBARQ CORPORATION	7.08% 06/01/2016 1,000,000		920,000		1,105,908
	ENCORE ACQUISITION CO	9.50% 05/01/2016 375,000		345,855		416,250
	ENERGY TRANSFER EQUITY LP	7.50% 10/15/2020 500,000		504,844		515,000
	ENTERPRISE NETWORK	10.75% 11/15/2015 500,000		675,970		680,837
	ENTRAVISION COMMUNICATIONS CORP	8.75% 08/01/2017 125,000		123,402		131,875
	EQUINIX INC	8.13% 03/01/2018 500,000		530,000		522,500
	ESSAR STEEL ALGOMA INC	9.38% 03/15/2015 625,000		615,711		628,906
	ESTERLINE TECHNOLOGIES CORP	6.63% 03/01/2017 500,000		500,000		505,000
	EUROPCAR GROUPE	FLTG RATE 05/15/2013 250,000		282,931		322,559
	EXCO RESOURCES INC	7.50% 09/15/2018 375,000		360,002		367,500
	EXPORTFINANS A/S	5.50% 05/25/2016 1,053,000		1,087,951		1,185,230
	EXPRO FINANCE LUXEMBOURG	8.50% 12/15/2016 1,250,000		1,236,250		1,193,750
	FCE BANK	7.13% 01/16/2012 1,000,000		1,356,625		1,385,754
	FELCOR LODGING LTD PARTNERSHIP	10.00% 10/01/2014 500,000		517,351		560,000
	FGI OPER CO INC	10.25% 08/01/2015 375,000		377,140		393,750
	FIDELITY NATIONAL INFO SERVICES INC	7.625% 07/15/2017 125,000		135,625		131,562
	FIDELITY NATIONAL INFO SERVICES INC	7.88% 07/15/2020 500,000		500,000		528,750
	FIRST DATA CORP	11.25% 03/31/2016 250,000		195,861		218,750
	FIRST DATA CORP	12.63% 01/15/2021 2,066,000		1,844,293		1,973,030
	FIRST DATA CORP	8.25% 01/15/2021 1,030,000		940,067		988,800
	FIRST DATA CORP	8.75% 01/15/2022 1,034,000		943,096		1,000,395

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

CORPORATE DEBT SECURITIES (CONTINUED):
	FIRST DATA CORP	9.88% 09/24/2015 106,000		91,979		100,965
	FIRST DATA CORP	FLTG RATE 09/24/2015 125,557		110,396		118,965
	FIRSTENERGY CORP	6.45% 11/15/2011 4,000		3,978		4,163
	FIRSTENERGY CORP	7.38% 11/15/2031 1,108,000		1,057,529		1,168,013
	FMG RESOURCES PTY LTD	6.88% 02/01/2018 1,000,000		991,250		995,000
	FOODCORP	8.88% 06/15/2012 500,000		563,622		682,279
	FORD CREDIT AUTO OWNER TRUST	0.72% 09/15/2012 3,402,621		3,406,943		3,405,129
	FORD CREDIT AUTO OWNER TRUST	FLTG RATE 05/15/2013 3,038,727		3,125,972		3,073,649
	FORD CREDIT AUTO OWNER TRUST	0.65% 12/15/2012 885,000		885,207		885,537
	FORD CREDIT AUTO OWNER TRUST	3.96% 04/15/2012 305,334		309,091		307,763
	FORD CREDIT AUTO OWNER TRUST	4.28% 05/15/2012 743,956		756,161		749,768
	FORD CREDIT AUTO OWNER TRUST	5.15% 02/15/2012 499,138		508,945		503,387
	FORD CREDIT AUTO OWNER TRUST	5.15% 11/15/2011 138,750		141,546		139,022
	FORD CREDIT AUTO OWNER TRUST	5.24% 07/15/2012 100,000		102,406		101,922
	FORD CREDIT AUTO OWNER TRUST	5.47% 06/15/2012 1,927,419		1,971,512		1,962,238
	FORD CREDIT AUTO OWNER TRUST	FLTG RATE 02/15/2012 404,980		404,537		404,838
	FORD CREDIT AUTO OWNER TRUST	FLTG RATE 06/15/2012 3,871,616		3,864,659		3,868,862
	FORD MOTOR CO	8.00% 12/15/2016 250,000		245,312		279,365
	FORD MOTOR CREDIT CO LLC	12.00% 05/15/2015 500,000		406,250		628,969
	FORD MOTOR CREDIT CO LLC	7.00% 04/15/2015 750,000		759,375		805,959
	FORD MOTOR CREDIT CO LLC	7.00% 10/01/2013 1,396,000		1,163,225		1,496,652
	FORD MOTOR CREDIT CO LLC	7.25% 10/25/2011 2,103,000		1,820,992		2,173,547
	FORD MOTOR CREDIT CO LLC	7.38% 02/01/2011 330,000		270,750		330,986
	FORD MOTOR CREDIT CO LLC	7.80% 06/01/2012 495,000		501,187		526,248
	FORD MOTOR CREDIT CO LLC	9.88% 08/10/2011 375,000		378,437		390,352
	FORESIGHT ENERGY LLC	9.63% 08/15/2017 750,000		745,305		798,750
	FOREST OIL CORP	8.50% 02/15/2014 375,000		363,572		409,687
	FRAC TECH SERVICES LLC/FIN INC	7.13% 11/15/2018 1,125,000		1,144,194		1,141,875
	FREESCALE SEMICONDUCTOR INC	10.75% 08/01/2020 1,156,000		1,156,000		1,260,040
	FRESENIUS US FINANCE II INC	9.00% 07/15/2015 750,000		746,250		858,750
	FRONTIER COMMUNICATIONS CORP	6.25% 01/15/2013 250,000		226,250		263,750
	FRONTIER COMMUNICATIONS CORP	6.63% 03/15/2015 750,000		537,500		783,750
	FRONTIER COMMUNICATIONS CORP	8.25% 04/15/2017 500,000		513,846		548,750
	FRONTIER COMMUNICATIONS CORP	8.50% 04/15/2020 1,750,000		1,770,372		1,911,875
	FRONTIER COMMUNICATIONS CORP	8.75% 04/15/2022 125,000		130,467		136,250
	GARDA WORLD SECURITY CORP	9.75% 03/15/2017 375,000		375,995		402,187
	GATEWAY CASINO & E	8.88% 11/15/2017 500,000		519,299		522,983
	GATX FINL CORP	5.80% 03/01/2016 1,000,000		996,290		1,080,840
	GAYLORD ENTERTAINMENT CO	6.75% 11/15/2014 625,000		587,500		615,625
	GAZ CAPITAL SA	6.51% 03/07/2022 500,000		510,900		511,450
	GCI INC	8.63% 11/15/2019 375,000		373,666		405,937
	GE CAP CREDIT CARD MSTR NOTE TR	2.54% 09/15/2014 5,240,000		5,315,035		5,302,956
	GE EQUIPMENT SMALL TICKET LLC	1.08% 10/15/2011 2,117,718		2,120,365		2,118,497
	GEN MOTORS ACC CDA	6.00% 05/23/2012 125,000		121,973		170,243
	GENERAL ELECTRIC CAPITAL CORP	FLTG RATE 06/06/2011 1,000,000		991,900		1,000,230
	GENERAL ELECTRIC CAPITAL CORP	5.45% 01/15/2013 42,000		42,465		45,167
	GENERAL ELECTRIC CAPITAL CORP	0.36% 08/10/2011 8,000,000		7,980,800		7,982,320
	GENERAL ELECTRIC CAPITAL CORP	5.00% 11/15/2011 4,000,000		4,197,700		4,152,580
	GENERAL ELECTRIC CAPITAL CORP	FLTG RATE 03/11/2011 4,000,000		4,008,012		4,001,608
	GENERAL ELECTRIC CAPITAL CORP	FLTG RATE 06/20/2014 4,300,000		3,877,138		4,116,734
	GENERAL ELECTRIC CAPITAL CORP	FLTG RATE 11/15/2067 60,000		39,546		59,400

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

CORPORATE DEBT SECURITIES (CONTINUED):
	GENERAL ELECTRIC CO	5.00% 02/01/2013 225,000		227,853		240,519
	GENERAL MOTORS	8.38% 07/15/2033 750,000		680,435		268,125
	GENERAL NUTRITION CENTER	FLTG RATE 03/15/2014 625,000		570,312		618,750
	GENTIVA HEALTH SERVICES INC	11.50% 09/01/2018 625,000		625,000		681,250
	GEO GROUP INC	7.75% 10/15/2017 500,000		498,019		525,000
	GEORGIA GULF CORP	9.00% 01/15/2017 250,000		257,732		271,250
	GEORGIA PACIFIC CORP	7.13% 01/15/2017 250,000		250,000		266,250
	GEORGIA PACIFIC CORP	7.75% 11/15/2029 525,000		480,375		592,594
	GEORGIA PACIFIC CORP	7.00% 01/15/2015 374,000		362,001		388,025
	GEORGIA PACIFIC CORP	8.00% 01/15/2024 500,000		472,500		571,250
	GEORGIA PACIFIC LLC	8.25% 05/01/2016 500,000		489,375		564,375
	GERRESHEIMER HLDGS GMBH	7.88% 03/01/2015 300,000		392,540		414,539
	GLITNIR BANKI HF	6.38% 09/25/2012 680,000		45,900		202,300
	GLITNIR BANKI HF	6.33% 07/28/2011 590,000		39,825		175,525
	GLITNIR BANKI HF	6.70% 06/15/2016 1,060,000		106		1,325
	GMACM HOME EQUITY LN-BCKD CERT	10.88% 02/25/2036 500,000		479,393		527,500
	GOLDMAN SACHS GROUP INC	5.63% 01/15/2017 910,000		776,207		962,269
	GOLDMAN SACHS GROUP INC	5.45% 11/01/2012 120,000		116,894		128,343
	GOLDMAN SACHS GROUP INC	FLTG RATE 03/15/2011 4,000,000		4,008,056		4,000,956
	GOLDMAN SACHS GROUP INC	FLTG RATE 03/22/2016 8,300,000		5,722,850		7,838,943
	GOLDMAN SACHS GROUP INC	ZERO CPN 01/10/2011 8,000,000		7,997,289		7,999,600
	GOODYEAR TIRE & RUBBER CO	10.50% 05/15/2016 250,000		247,812		285,000
	GOODYEAR TIRE & RUBBER CO	8.25% 08/15/2020 750,000		743,722		776,250
	GOOGLE INC.	0.23% 01/24/2011 8,000,000		7,996,044		7,998,978
	GRAHAM PACKAGING CO	9.88% 10/15/2014 2,250,000		2,288,750		2,328,750
	GRANITE MASTER ISSUER PLC	FLTG RATE 12/20/2054 234,865		215,724		217,250
	GRAPHIC PACKAGING INTL INC	9.50% 06/15/2017 375,000		385,857		409,219
	GRAY TELEVISION INC	10.50% 06/29/2015 625,000		622,928		629,687
	GREAT LAKES DREDGE & DOCKS CORP	7.75% 12/15/2013 500,000		479,964		504,375
	GROHE HOLDINGS	8.63% 10/01/2014 1,250,000		1,549,941		1,731,438
	GROHE HOLDINGS	FLTG RATE 01/15/2014 1,000,000		1,148,523		1,295,468
	HANESBRANDS INC	6.38% 12/15/2020 1,000,000		1,000,000		950,000
	HARLEY DAVIDSON MOTORCYCLE TR	2.00% 07/15/2012 85,564		85,818		85,615
	HARLEY DAVIDSON MOTORCYCLE TR	0.31% 12/15/2011 1,729,218		1,729,218		1,729,218
	HARRAHS OPER ESCRO	12.75% 04/15/2018 1,000,000		998,125		1,005,000
	HARRAHS OPERATING CO INC	10.00% 12/15/2018 1,261,000		1,398,546		1,150,662
	HARRAHS OPERATING CO INC	11.25% 06/01/2017 1,500,000		1,584,614		1,687,500
	HBOS	6.75% 05/21/2018 800,000		796,672		749,073
	HBOS TREASURY SERVICES	5.25% 02/21/2017 210,000		203,373		217,781
	HCA INC	6.38% 01/15/2015 750,000		636,250		736,875
	HCA INC	6.25% 02/15/2013 500,000		439,687		510,000
	HCA INC	7.25% 09/15/2020 1,100,000		1,157,750		1,149,500
	HCA INC	7.88% 02/15/2020 1,000,000		1,003,274		1,070,000
	HCA INC	9.13% 11/15/2014 1,000,000		933,125		1,048,750
	HCA INC	9.25% 11/15/2016 1,010,000		994,527		1,077,544
	HCA INC	9.63% 11/15/2016 2,013,000		1,877,036		2,156,426
	HEALTH MANAGEMENT ASSOC INC	6.13% 04/15/2016 500,000		518,281		505,000
	HEALTHSOUTH CORP	7.75% 09/15/2022 500,000		501,250		516,250
	HEALTHSOUTH CORP	8.13% 02/15/2020 125,000		123,437		134,375
	HERTZ CORP	10.5% 01/01/2016 500,000		531,878		527,500
	HERTZ CORP	8.875% 01/01/2014 750,000		770,881		766,875

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

CORPORATE DEBT SECURITIES (CONTINUED):
	HEWLETT PACKARD CO.	0.22% 01/07/2011 8,000,000		7,999,067		7,999,800
	HEWLETT-PACKARD CO	FLTG RATE 05/27/2011 2,624,000		2,644,094		2,635,118
	HEXION US FIN CORP	8.88% 02/01/2018 500,000		496,660		534,375
	HILCORP ENERGY/FINANCE	7.63% 04/15/2021 375,000		386,250		387,187
	HOME EQUITY MORTGAGE LOAN	FLTG RATE 04/25/2037 1,500,000		332,001		697,866
	HONDA AUTO RECVBLS OWNER TR	0.62% 02/21/2012 3,620,359		3,623,895		3,622,054
	HONDA AUTO RECVBLS OWNER TR	0.82% 06/18/2012 1,870,000		1,873,579		1,872,564
	HONDA AUTO RECVBLS OWNER TR	4.47% 01/18/2012 477,015		481,234		478,370
	HOST HOTELS & RESORTS LP	6.88% 11/01/2014 1,000,000		1,001,250		1,030,000
	HOST MARRIOTT LP	6.75% 06/01/2016 500,000		440,000		510,625
	HSBC BANK USA NATIONAL ASSOC	4.88% 08/24/2020 6,200,000		6,196,590		6,163,222
	HSBC CAPITAL FUNDING	FLTG RATE 12/31/2049 293,000		153,753		276,682
	HSBC FINANCE CORP	6.75% 05/15/2011 279,000		288,756		285,062
	HUB INTL HOLDINGS	9.00% 12/15/2014 875,000		837,187		885,937
	HUNTINGTON AUTO TRUST	3.94% 06/17/2013 2,275,556		2,314,756		2,310,294
	HUNTINGTON CAPITAL III	4.81% 04/16/2012 3,205,002		3,255,902		3,222,162
	HUNTSMAN INTERNATIONAL	8.63% 03/15/2020 750,000		705,900		815,625
	HUNTSMAN INTERNATIONAL	8.63% 03/15/2021 375,000		405,000		405,000
	HUNTSMAN LLC	6.83% 11/15/2013 375,000		439,756		513,772
	HYUNDAI AUTO RECEIVABLES TR	0.86% 11/15/2012 1,150,000		1,151,469		1,151,483
	HYUNDAI AUTO RECEIVABLES TR	1.11% 02/15/2012 3,204,916		3,208,428		3,207,592
	HYUNDAI AUTO RECEIVABLES TR	4.93% 12/17/2012 3,608,601		3,683,861		3,679,065
	ILFC TERM B2	ZERO CPN 03/17/2016 600,000		588,000		611,250
	IMPRESS METAL PACKGNG HLDGS B.V.	9.25% 09/15/2014 750,000		938,822		1,056,471
	IMPRESS METAL PACKGNG HLDGS B.V.	FLTG RATE 09/15/2013 250,000		312,556		335,186
	INERGY LP/INERGY FINANCE CORP	6.88% 12/15/2014 500,000		493,750		507,500
	INERGY LP/INERGY FINANCE CORP	7.00% 10/01/2018 375,000		378,750		377,812
	ING BANK NV	FLTG RATE 10/18/2013 3,200,000		3,200,000		3,195,632
	INGLES MARKET INC	8.88% 05/15/2017 375,000		372,003		401,250
	INMARSAT FINANCE PLC	7.38% 12/01/2017 250,000		248,140		262,500
	INTELSAT BERMUDA	11.25% 06/15/2016 1,000,000		1,033,083		1,077,500
	INTELSAT BERMUDA	11.50% 02/04/2017 3,320,312		3,070,952		3,668,945
	INTELSAT BERMUDA STEP UP	11.25% 02/04/2017 750,000		788,750		817,500
	INTELSAT JACKSON HLDGS LTD	FLTG RATE 02/01/2015 750,000		636,374		772,500
	INTELSAT JACKSON HLDGS LTD	9.5% 06/15/2016 375,000		342,778		395,625
	INTELSAT JACKSON HLDGS LTD	ZERO CPN 04/03/2018 800,000		796,000		808,880
	INTELSAT JACKSON HLDGS LTD	7.25% 10/15/2020 500,000		512,916		505,000
	INTELSAT LTD	7.63% 04/15/2012 750,000		692,500		787,500
	INTELSAT SUBSIDIARY HLDNG CO LTD	8.88% 01/15/2015 750,000		734,301		770,625
	INTER AMERICAN DEV BANK	FLTG RATE 03/16/2011 3,250,000		3,255,219		3,251,810
	INTERFACE INC	7.63% 12/01/2018 125,000		125,000		129,062
	INTERNATIONAL BUSI	FLTG RATE 06/15/2012 2,500,000		2,500,000		2,500,350
	INTERNATIONAL LEASE FINANCE CORP	5.63% 09/20/2013 750,000		631,562		753,750
	INTERNATIONAL LEASE FINANCE CORP	5.75% 05/15/2011 1,500,000		1,470,000		1,528,125
	INTERNATIONAL LEASE FINANCE CORP	5.88% 05/01/2013 250,000		208,594		252,812
	INTERNATIONAL LEASE FINANCE CORP	6.33% 03/25/2013 1,000,000		857,187		1,025,000
	INTERNATIONAL LEASE FINANCE CORP	6.63% 11/15/2013 1,625,000		1,456,250		1,659,531
	INTESA SANPAOLO	0.48% 02/01/2011 2,100,000		2,099,580		2,100,000
	INTL BUS MACH CORP	0.17% 01/07/2011 8,000,000		7,999,004		7,999,787
	INVISTA	9.25% 05/01/2012 110,000		115,500		111,925
	ISLE OF CAPRI	7.00% 03/01/2014 375,000		338,594		367,500

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

CORPORATE DEBT SECURITIES (CONTINUED):
	ISS HLDGS AS	8.88% 05/15/2016 750,000		682,278		1,041,982
	JAPAN FINANCE CORP	2.00% 06/24/2011 4,000,000		4,048,960		4,030,088
	JARDEN CORPORATION	8.00% 05/01/2016 250,000		243,437		272,187
	JARDEN CORPORATION	7.50% 05/01/2017 500,000		500,000		526,875
	JBS USA LLC/JBS USA FINANCE INC	11.63% 05/01/2014 500,000		484,046		585,000
	JOHN DEERE CAPITAL CORP	5.65% 07/25/2011 1,323,000		1,401,242		1,361,698
	JOHN DEERE CAPITAL CORP	FLTG RATE 01/18/2011 2,550,000		2,552,554		2,550,875
	JOHN DEERE OWNER TRUST	0.85% 03/15/2012 295,579		295,695		295,674
	JOHNSON & JOHNSON	ZERO CPN 02/07/2011 8,000,000		7,990,827		7,998,027
	JSG FUNDING	7.75% 04/01/2015 625,000		592,010		775,354
	KABEL DEUTSCHLAND GMBH	10.63% 07/01/2014 118,000		130,832		122,180
	KEY ENERGY SERVICES INC	8.38% 12/01/2014 500,000		502,207		527,500
	KOREA ELEC POWER	3.00% 10/05/2015 1,700,000		1,694,288		1,655,621
	KRATON POLYMERS LLC/CAP CORP	8.13% 01/15/2014 500,000		348,125		495,000
	L-3 COMMUNICATIONS CORP	6.38% 10/15/2015 1,000,000		970,000		1,030,000
	LAMAR MEDIA CORP	6.63% 08/15/2015 1,000,000		883,125		1,015,000
	LAMAR MEDIA CORP	7.88% 04/15/2018 625,000		636,811		664,062
	LANDWIRTSCHAFTLICHE RENTENBNK	4.88% 02/14/2011 2,000,000		2,088,880		2,009,814
	LAS VEGAS SANDS CORP	6.33% 02/15/2015 500,000		465,000		510,625
	LBI ESCROW CORP	8.0% 11/01/2017 675,000		723,937		746,719
	LECTA SA	FLTG RATE 02/15/2014 500,000		423,669		633,312
	LEHMAN BROS HLDGS INC	5.25% 02/06/2012 210,000		26,775		48,563
	LEHMAN BROS HLDGS INC	6.20% 09/26/2014 340,000		43,350		78,625
	LEHMAN BROS HLDGS INC	6.50% 07/19/2017 190,000		19		19
	LEHMAN BROS HLDGS INC	6.75% 12/28/2017 1,890,000		189		189
	LEHMAN BROS HLDGS INC	6.88% 05/02/2018 300,000		299,007		74,250
	LEVEL 3 FINANCING INC	10.00% 02/01/2018 250,000		245,268		240,000
	LEVEL 3 FINANCING INC	8.75% 02/15/2017 250,000		220,000		230,000
	LEVEL 3 FINANCING INC	9.25% 11/01/2014 500,000		512,448		496,250
	LEVI STRAUSS & CO	7.75% 05/15/2018 250,000		315,961		342,095
	LIMITED BRANDS INC	7.00% 05/01/2020 375,000		382,500		395,625
	LIN TELEVISION CORP	8.38% 04/15/2018 500,000		503,503		530,000
	LIN TELEVISION CORP	6.50% 05/15/2013 500,000		461,875		500,000
	LINN ENERGY LLC	7.75% 02/01/2021 1,000,000		982,640		1,025,000
	LLOYDS TSB BANK PLC	4.38% 01/12/2015 4,700,000		4,699,812		4,698,928
	LLOYDS TSB BANK PLC	5.80% 01/13/2020 700,000		698,369		691,155
	LOCAL TV FIN LLC	FLTG RATE 06/15/2015 303,876		302,341		276,527
	LUCENT TECHNOLOGIE	6.45% 03/15/2029 750,000		637,500		592,500
	LYONDELL CHEMICAL CO	11.00% 05/01/2018 500,000		538,125		566,250
	MARINA DISTRICT FINANCE CO INC	9.50% 10/15/2015 250,000		249,062		245,625
	MARINA DISTRICT FINANCE CO INC	9.88% 08/15/2018 500,000		508,335		492,500
	MARKWEST ENERGY PARTNERS LP	8.50% 07/15/2016 625,000		639,062		659,375
	MARQUETTE TRANSPORTATION	10.88% 01/15/2017 250,000		259,375		255,000
	MARTIN MIDSTREAM PARTNERS LP	8.88% 04/01/2018 250,000		246,760		257,500
	MASSACHUSETTS RRB SPCL PRPS TR	4.13% 03/01/11 2,498,997		2,546,449		2,534,118
	MASSMUTUAL GBL FDG	FLTG RATE 04/26/2011 5,500,000		5,503,748		5,498,493
	MAXIM CRANE WORKS HLDGS INC	12.25% 04/15/2015 250,000		242,500		242,812
	MCE FINANCE LTD	10.25% 05/15/2018 625,000		621,788		716,406
	MERCEDES-BENZ AUTO REC’S TR	0.83% 03/15/2012 3,124,554		3,127,899		3,126,634
	MERCEDES-BENZ AUTO REC’S TR	0.70% 08/15/2012 1,925,000		1,927,847		1,926,559
	MERITAGE HOMES CORP	6.25% 03/15/2015 500,000		310,000		502,500

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

CORPORATE DEBT SECURITIES (CONTINUED):
	MERITAGE HOMES CORP	7.15% 04/15/2020 250,000		244,497		248,750
	MET LIFE GLOB FUNDING	FLTG RATE 07/11 9,000,000		9,000,000		9,004,050
	MGM RESORTS INTL	6.75% 10/01/2012 750,000		702,705		746,250
	MGM RESORTS INTL	13.00% 11/15/2013 500,000		515,863		591,250
	MGM RESORTS INTL	10.00% 11/01/2016 875,000		862,031		899,062
	MGM RESORTS INTL	11.13% 11/15/2017 625,000		704,688		718,750
	MGM RESORTS INTL	11.38% 03/01/2018 500,000		463,125		542,500
	MGM RESORTS INTL	6.75% 04/01/2013 750,000		703,750		745,500
	MGM RESORTS INTL	7.50% 06/01/2016 500,000		502,709		467,500
	MICHAELS STORES INC	11.38% 11/01/2016 625,000		654,437		681,250
	MICHAELS STORES INC	7.75% 11/01/2018 250,000		247,188		249,375
	MIRAGE RESORTS INC	8.38% 02/01/2011 290,000		297,250		291,450
	MIRANT AMERICAS GENERATION LLC	8.30% 05/01/2011 500,000		516,875		507,500
	MITSUBISHI MOTORS	0.30% 03/15/2011 3,085		3,085		3,085
	MIZUHO CORPORA BANK	0.27% 01/13/2011 2,000,000		2,000,000		2,000,000
	MOBILE MINI	7.88% 12/01/2020 250,000		254,183		258,750
	MOBILE MINI	6.88% 05/01/2015 500,000		497,855		507,500
	MOMENTIVE PERFRMNCE MAT’LS INC	11.50% 12/01/2016 259,000		256,141		281,015
	MOMENTIVE PERFRMNCE MAT’LS INC	12.5% 07/15/2014 395,000		623,946		440,919
	MORGAN STANLEY	5.63% 01/09/2012 1,080,000		1,025,607		1,127,676
	MORGAN STANLEY	FLTG RATE 10/15/2015 649,000		506,220		608,483
	MORGAN STANLEY & CO INT’L	FLTG RATE 03/01/2013 1,000,000		1,292,116		1,301,586
	MU FINANCE PLC	8.38% 02/01/2017 1,250,000		1,178,750		1,270,313
	MUELLER WATER PRODUCTS INC	7.38% 06/01/2017 750,000		638,288		723,750
	NALCO CO	8.25% 05/15/2017 250,000		245,356		270,938
	NARA CABLE FUNDING	8.88% 12/01/2018 500,000		700,575		640,590
	NATIONAL AUSTRALIA BANK	FLTG RATE 06/15/2011 2,100,000		2,099,687		2,100,903
	NATIONAL BANK OF CANADA	0.27% 01/14/2011 2,100,000		2,100,000		2,100,000
	NATIONAL BANK OF CANADA	FLTG RATE 08/16/2011 2,200,000		2,200,000		2,199,589
	NATIONAL MONEY MART CO	10.38% 12/15/2016 625,000		621,556		675,000
	NATIXIS.NY FR CD	FLTG RATE 10/17/2011 2,000,000		2,000,000		2,000,000
	NATL AUSTRALIA BK LTD	FLTG RATE 10/19/2011 2,000,000		1,999,789		1,999,831
	NAVISTAR INTERNATIONAL CORP	8.25% 11/01/2021 750,000		746,250		806,250
	NBTY INC	9.00% 10/01/2018 250,000		250,000		266,875
	NEIMAN-MARCUS GROUP INC	10.38% 10/15/2015 1,000,000		1,082,813		1,056,250
	NEIMAN-MARCUS GROUP INC	FLTG RATE 10/15/2015 500,000		506,250		523,750
	NESTLE CAP CORP	0.22% 01/20/2011 8,000,000		7,994,400		7,999,113
	NEWFIELD EXPLORATION CO	6.63% 04/15/2016 1,000,000		974,375		1,027,500
	NEWFIELD EXPLORATION CO	7.125% 05/15/2018 500,000		439,063		526,250
	NEWPAGE CORP	11.38% 12/31/2014 625,000		569,150		587,500
	NEXANS	5.75% 05/02/2017 250,000		283,165		335,438
	NEXSTAR BROADCASTING INC	8.88% 04/15/2017 250,000		248,410		265,625
	NEXTEL COMMUNICATIONS INC	5.95% 03/15/2014 250,000		245,000		245,625
	NEXTEL COMMUNICATIONS INC	6.88% 10/31/2013 750,000		438,344		751,875
	NEXTEL COMMUNICATIONS INC	7.38% 0801/2015 375,000		254,375		375,469
	NFR ENERGY LLC	9.75% 02/15/2017 750,000		740,625		740,625
	NIBC BANK NV	2.80% 12/02/2014 2,400,000		2,411,664		2,473,798
	NIELSEN FINANCE LLC/CO	FLTG RATE 08/01/2016 2,000,000		1,374,360		2,100,000
	NISOURCE FINANCE CORP	6.80% 01/15/2019 500,000		380,938		578,501
	NISSAN AUTO LEASE TRUST	1.10% 03/15/2013 175,000		175,267		175,242
	NISSAN AUTO LEASE TRUST	1.22% 09/15/2011 2,611,246		2,615,296		2,612,884

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

CORPORATE DEBT SECURITIES (CONTINUED):
	NISSAN AUTO LEASE TRUST	2.92% 12/15/2011 1,258,294		1,268,087		1,265,448
	NISSAN AUTO REC’S OWNER TR	0.55% 03/15/2013 1,180,000		1,179,263		1,179,663
	NISSAN AUTO REC’S OWNER TR	4.46% 04/16/2012 1,405,988		1,427,254		1,417,407
	NORANDA ALUM ACQUISITION CORP	FLTG RATE 05/15/2015 325,924		274,699		294,554
	NORDEA BANK FLD	FLTG RATE 10/14/2011 4,000,000		4,002,904		4,007,916
	NORDEA NORTH AMERICA	0.39% 02/07/2011 1,800,000		1,796,850		1,799,334
	NORINCHUKIN BANK	0.31% 02/17/2011 1,000,000		1,000,000		1,000,000
	NORINCHUKIN BANK	0.41% 04/29/2011 1,000,000		1,000,000		1,000,000
	NORINCHUKIN BANK	0.48% 06/06/2011 2,000,000		2,000,000		2,000,000
	NPC INTL INC	9.50% 12/31/2014 750,000		745,938		766,875
	NRG ENERGY INC	7.25% 02/01/2014 1,000,000		920,150		1,020,000
	NRG ENERGY INC	7.38% 02/01/2016 1,000,000		964,526		1,025,000
	NRW. BANK	0.50% 06/07/2011 4,200,000		4,185,360		4,191,391
	NV ENERGY INC	6.25% 11/15/2020 750,000		750,000		753,750
	NXP BV	7.88% 10/15/2014 250,000		250,000		260,000
	NXP BV	9.50% 10/15/2015 500,000		505,878		535,000
	NXP BV	FLTG RATE 10/15/2013 500,000		476,250		492,500
	ODEBRECHT DRILL VIII/ IX	6.35% 06/30/2021 1,700,000		1,696,906		1,768,000
	ONCURE HLDGS INC	11.75% 05/15/2017 500,000		491,305		472,500
	ONTARIO (PROVINCE OF)	2.75% 02/22/2011 4,000,000		4,055,480		4,012,128
	OPTI CANADA INC	7.88% 12/15/2014 500,000		500,000		353,125
	ORASCOM TELECOM FINANCE	7.88% 02/08/2014 500,000		494,531		470,000
	OSI RESTAURANT PARTNERS INC	10.00% 06/15/2015 500,000		486,720		520,000
	OWENS CORNING INC	6.50% 12/01/2016 500,000		476,094		529,561
	OWENS-BROCKWAY GLASS	6.75% 12/01/2014 250,000		339,372		345,030
	PACCAR FINANCIAL CORP	0.28% 02/15/2011 8,000,000		7,995,147		7,997,600
	PACIFIC LIFE GBL FNDG	FLTG RATE 06/22/2011 2,000,000		2,000,800		1,995,306
	PAETEC HOLDING CORP	8.88% 06/30/2017 375,000		376,834		400,313
	PATHEON INC	8.63% 04/15/2017 250,000		253,750		249,375
	PE PAPER ESCROW GMBH	12.00% 08/01/2014 500,000		558,750		578,476
	PEABODY ENERGY CORP	7.38% 11/01/2016 750,000		758,375		832,500
	PEABODY ENERGY CORP	6.50% 09/15/2020 250,000		250,000		266,875
	PEERMONT GLOBAL	7.75% 04/30/2014 1,000,000		1,346,894		1,165,472
	PEMEX PROJECT FUNDING MASTER TR	6.63% 06/15/2035 115,000		96,254		117,012
	PENINSULA GAMING LLC	10.75% 0815/2017 500,000		503,070		538,750
	PENINSULA GAMING LLC	8.38% 08/15/2015 375,000		367,577		394,219
	PENN VIRGINIA RESOURCE PRTNRS LP	8.25% 04/15/2018 375,000		384,375		386,250
	PEPSICO, INC.	0.22% 01/10/2011 8,000,000		7,997,922		7,999,660
	PETROLEOS MEXICANOS	5.50% 01/21/2021 3,500,000		3,465,385		3,543,750
	PFIZER INC	FLTG RATE 03/15/2011 4,955,000		5,052,886		4,974,870
	PHILLIPS VAN HEUSEN CORP	7.38% 05/15/2020 375,000		375,000		398,438
	PINAFORE LLC/INC	9.00% 10/01/2018 1,000,000		1,040,248		1,080,000
	PINNACLE ENTERTAINMENT INC	7.50% 06/15/2015 1,125,000		975,452		1,127,813
	PINNACLE ENTERTAINMENT INC	8.63% 08/01/2017 250,000		245,311		272,500
	PINNACLE FOODS FINANCE LLC/CORP	10.63% 04/01/2014 500,000		376,250		535,000
	PINNACLE FOODS FINANCE LLC/CORP	8.25% 09/01/2017 375,000		384,222		383,438
	PINNACLE FOODS FINANCE LLC/CORP	9.25% 04/01/2015 1,375,000		1,279,524		1,431,719
	PIONEER DRILLING CO	9.88% 03/15/2018 500,000		498,042		528,750
	PIONEER NATURAL RESOURCES CO	6.65% 03/15/2017 1,000,000		846,250		1,062,107
	PLAINS EXPLORATION & PROD CO	7.63% 04/01/2020 1,000,000		1,012,813		1,053,750
	PLAINS EXPLORATION & PROD CO	7.63% 06/01/2018 500,000		500,000		526,250

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

CORPORATE DEBT SECURITIES (CONTINUED):
	PLAINS EXPLORATION & PROD CO	7.75% 06/15/2015 500,000		488,750		521,250
	PLASTIPAK HOLDINGS	8.5% 12/15/2015 500,000		511,563		515,000
	PLY GEM INDUSTRIES INC	11.75% 06/15/2013 625,000		448,438		668,750
	PREGIS CORP	12.38% 10/15/2013 500,000		531,261		490,000
	PRESTIGE BRANDS INC	8.25% 04/01/2018 750,000		739,936		776,250
	PRINCIPAL LIFE INCOME FUNDING TR	5.13% 03/01/2011 4,000,000		4,076,050		4,026,944
	PROCTOR GAMBLE	ZERO CPN 01/18/2011 8,000,000		7,990,700		7,998,980
	PROGRESS ENERGY INC	7.10% 03/01/2011 226,000		232,107		228,299
	PSE&G TRANSITION FUNDING LLG	6.45% 03/15/2013 3,346,342		3,408,901		3,387,927
	PTS ACQUISITION	9.75% 04/15/2017 500,000		542,562		659,875
	PULTE HOMES INC	5.20% 02/15/2015 250,000		209,375		243,125
	QUEBECOR MEDIA INC	7.75% 03/15/2016 875,000		856,614		903,438
	QUICKSILVER RESOURCES INC	7.75% 08/01/2015 1,000,000		970,625		1,037,500
	QUIKSILVER INC	6.875% 04/15/2015 500,000		460,625		488,750
	QWEST COMMUNICATIONS INTL INC	7.50% 02/15/2014 787,000		767,325		796,838
	RAAC TRUST	FLTG RATE 10/25/2046 1,168,698		673,212		721,111
	RABOBANK CAP FDG 2 FR GTD BD PERP	5.26% 12/29/2049 56,000		31,187		55,437
	RABOBANK NEDERLAND	FLTG RATE 12/31/2049 3,493,000		3,425,284		4,514,703
	RABOBANK NEDERLAND	FLTG RATE 01/26/2012 4,000,000		4,001,192		3,998,304
	RABOBANK NEDERLAND	FLTG RATE 04/08/2011 4,500,000		4,532,895		4,517,451
	RABOBANK NEDERLAND	FLTG RATE 10/17/2011 3,000,000		3,000,000		3,000,231
	RADIATION THERAPY SERVICES INC	9.88% 04/15/2017 500,000		496,855		498,750
	RAILAMERICA INC	9.25% 07/01/2017 600,000		600,498		659,250
	RANGE RESOURCES CORP	8.00% 05/15/2019 500,000		478,750		544,375
	RBS GLOBAL & REXNORD CORP	11.75% 08/01/2016 625,000		639,370		670,313
	RBS GLOBAL & REXNORD CORP	8.50% 05/01/2018 2,000,000		2,004,779		2,125,000
	REGAL CINEMAS INC	8.63% 07/15/2019 375,000		387,188		397,500
	REGENCY ENERGY PARTNERS LP	9.38% 06/01/2016 250,000		238,947		274,375
	RENTAL SERVICE CORP	9.50% 12/01/2014 1,000,000		1,031,032		1,050,000
	REYNOLDS GROUP ISSUER INC	7.13% 04/15/2019 125,000		128,750		127,188
	REYNOLDS GROUP ISSUER INC	8.50% 05/15/2018 750,000		750,000		753,750
	REYNOLDS GROUP ISSUER INC	9.00% 04/15/2019 250,000		250,000		259,063
	RHODIA	6.88% 09/15/2020 375,000		375,000		380,156
	RITE AID CORP	9.38% 12/15/2015 250,000		246,962		214,688
	RITE AID CORP	7.50% 03/01/2017 250,000		250,079		240,313
	RITE AID CORP	9.50% 06/15/2017 125,000		123,097		106,250
	RITE AID CORP	9.75% 06/12/2016 250,000		245,698		275,313
	ROCHE HLDGS INC	FLTG RATE 02/25/2011 6,500,000		6,685,636		6,520,163
	ROCKWOOD SPECIALTIES GROUP INC	7.625% 11/15/2014 1,000,000		1,335,854		1,372,607
	ROOFING SUPPLY GR LLC/FIN INC	8.63% 12/01/2017 500,000		505,000		515,000
	ROYAL BANK OF CANADA	FLTG RATE 07/29/2011 4,300,000		4,330,560		4,317,093
	ROYAL BANK OF SCOTLND GROUP PLC	3.00% 12/09/2011 300,000		306,426		306,245
	ROYAL BANK OF SCOTLND GROUP PLC	FLTG RATE 12/31/2049 2,800,000		732,000		2,156,000
	RRI ENERGY INC	7.63% 06/15/2014 125,000		91,967		127,813
	RRI ENERGY INC	7.88% 06/15/2017 500,000		497,912		485,000
	RSC EQUIPMENT RENTAL INC	10.00% 07/15/2017 375,000		403,594		421,875
	SALEM COMMUNICATIONS CORP	9.63% 12/15/2016 478,000		475,749		506,680
	SALLY HOLDINGS INC	10.50% 11/15/2016 750,000		770,197		826,875
	SALLY HOLDINGS INC	9.25% 11/15/2014 750,000		766,149		787,500
	SAN PASQUAL CASINO	8.00% 09/15/2013 786,000		762,185		786,983
	SANDRIDGE ENERGY INC	8.00% 06/01/2018 500,000		506,875		507,500

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

CORPORATE DEBT SECURITIES (CONTINUED):
	SANDRIDGE ENERGY INC	8.75% 01/15/2020 375,000		390,938		385,313
	SBA TELECOMMUNICATIONS	8.25% 08/15/2019 375,000		395,526		409,688
	SCIENTIFIC GAMES INTL INC	9.25% 06/15/2019 1,000,000		1,057,500		1,032,500
	SCOTTS MIRACLE-GRO CO	6.63% 12/15/2020 500,000		501,875		500,000
	SEAGATE TECHNOLOGY PLC	7.75% 12/15/2018 375,000		375,000		379,688
	SEALY MATTRESS CO	8.25% 06/15/2014 625,000		625,313		639,063
	SEMINOLE HARD ROCK ENT	FLTG RATE 03/15/2014 750,000		684,375		686,250
	SEMINOLE TRIBE OF FLORIDA	7.75% 10/01/2017 375,000		381,250		387,188
	SENECA GAMING CORP	8.25% 12/01/2018 250,000		250,000		250,625
	SERENA SOFTWARE	10.38% 03/15/2016 500,000		548,750		511,250
	SGS INTL INC	12.00% 12/15/2013 250,000		250,000		257,500
	SHELL INTNL FNC	0.33% 01/01/2011 2,000,000		1,986,680		1,992,760
	SHINGLE SPRINGS TRIBAL	9.38% 06/15/2015 500,000		503,516		345,000
	SHIZUOKA BANK	0.33% 01/25/2011 4,000,000		4,000,000		4,000,000
	SINCLAIR TELEVISION GROUP INC	9.25% 11/01/2017 625,000		615,625		676,563
	SITEL LLC/FIN CORP	11.50% 04/01/2018 875,000		890,625		721,875
	SLM CORP	5.05% 11/14/2014 500,000		466,250		477,842
	SMITHFIELD FOODS INC	10.00% 07/15/2014 500,000		495,000		576,250
	SMITHFIELD FOODS INC	7.75% 05/15/2013 375,000		373,125		399,609
	SMITHFIELD FOODS INC	7.75% 07/01/2017 250,000		167,188		260,000
	SNOQUALMIE ENT AUTH	9.13% 02/01/2015 750,000		676,875		712,500
	SOC GENERALE	0.55% 01/21/2011 6,500,000		6,500,000		6,500,000
	SOUTHERN NATURAL GAS CO	5.90% 04/01/2017 120,000		101,497		128,684
	SOUTHERN NATURAL GAS CO	8.00% 03/01/2032 388,000		387,586		444,508
	SOUTHERN STS COOP	11.25% 05/15/2015 500,000		487,586		530,000
	SPCM S.A.	8.50% 06/15/2017 375,000		460,575		529,493
	SPECTRUM BRANDS INC	9.5% 06/15/2018 250,000		246,585		274,688
	SPECTRUM BRANDS INC	FLTG RATE 08/28/2019 704,787		657,483		786,718
	SPIRIT AEROSYSTEMS INC	7.50% 10/01/2017 500,000		492,086		520,000
	SPRINT CAPITAL CORP	6.88% 11/15/2028 750,000		703,438		656,250
	SPRINT CAPITAL CORP	8.38% 03/15/2012 750,000		637,500		793,125
	SPRINT CAPITAL CORP	8.75% 03/15/2032 2,000,000		1,771,250		2,020,000
	SPRINT CAPITAL CORP	6.90% 05/01/2019 1,645,000		1,405,406		1,624,438
	SPRINT NEXTEL CORP	8.38% 08/15/2017 625,000		629,531		670,313
	SPRINT NEXTEL CORP	6.00% 12/01/2016 1,000,000		780,990		966,250
	STADSHYPOTEK AB	1.45% 09/30/2013 6,700,000		6,698,660		6,691,900
	STANDARD STL LLC	12.00% 05/01/2015 375,000		361,504		351,094
	STARWOOD HOTELS & RESORTS WW	7.88% 10/15/2014 500,000		476,250		567,500
	STATION CASINOS INC	6.88% 03/01/2016 500,000		462,823		50
	STATION CASINOS INC	6.50% 02/01/2014 1,000,000		952,640		100
	STEEL DYNAMICS INC	7.38% 11/01/2012 500,000		360,000		527,500
	STEEL DYNAMICS INC	8.25% 04/15/2016 250,000		192,227		263,125
	STONE CONTAINER FIN CAN	7.38% 07/15/2014 250,000		237,950		8,750
	STORA ENSO OYJ	7.25% 04/15/2036 125,000		113,750		113,125
	SUMITOMO MTSU BKNG CORP	0.29% 02/18/2011 4,100,000		4,097,119		4,098,497
	SUMITOMO TR & BKNG CORP	0.30% 02/18/2011 4,100,000		4,100,000		4,100,000
	SUNGARD DATA SYSTEMS INC	10.63% 05/15/2015 250,000		248,703		275,625
	SUNGARD DATA SYSTEMS INC	10.25% 08/15/2015 2,000,000		2,048,161		2,102,500
	SUNRISE COMMUNICATIONS INTL SA	7.00% 12/31/2017 375,000		432,895		455,311
	SUPERVALU INC	7.50% 11/15/2014 500,000		488,125		482,500
	SVENSKA HANDLSBNKN A	0.27% 02/22/2011 2,000,000		2,000,000		2,000,000

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

CORPORATE DEBT SECURITIES (CONTINUED):
	SVENSKA HANDLSBNKN A	0.36% 06/16/2011 2,000,000		2,000,000		2,000,000
	SYSTEMS ASSET 2001	6.66% 09/15/2013 148,400		144,988		160,379
	TARGA RESOURCES PARTNERS LP	11.25% 07/15/2017 375,000		358,524		429,375
	TELECOM ITALIA CAPITAL	5.25% 11/15/2013 160,000		140,000		166,689
	TELENET FINANCE LUXEMBOURG	6.38% 11/15/2020 625,000		869,759		845,805
	TENET HEALTHCARE CORP	9.00% 05/01/2015 312,000		256,399		346,320
	TENET HEALTHCARE CORP	10.00% 05/01/2018 312,000		349,372		363,480
	TENNESSEE GAS PIPELINE	8.38% 06/15/2032 28,000		25,048		32,934
	TEREOS EUROPE	6.38% 04/15/2014 250,000		334,363		347,965
	TEREX CORP	10.88% 06/01/2016 500,000		488,165		580,625
	TEREX CORP	8.00% 11/15/2017 250,000		181,875		252,500
	TERWIN MORTGAGE TRUST	FLTG RATE 10/25/2037 958,145		210,369		356,605
	THERMADYNE HLDGS CORP	9.00% 12/15/2017 250,000		250,000		257,813
	THERMON INDUSTRIES INC	9.50% 05/01/2017 500,000		506,563		532,500
	TL ACQUISITIONS INC	10.50% 01/15/2015 1,250,000		1,215,000		1,290,625
	TOLL BROTHERS FINANCE CORP	8.91% 10/15/2017 2,100,000		2,357,250		2,477,700
	TORONTO DOMINION	0.23% 02/04/2011 8,000,000		7,995,707		7,998,413
	TORONTO-DOMINION	0.73% 03/15/2011 2,000,000		2,000,151		2,000,037
	TOYOTA MOTOR CREDIT	FLTG RATE 01/09/2012 1,000,000		1,042,058		1,037,488
	TOYOTA MOTOR CREDIT	0.55% 03/14/2011 8,000,000		7,971,889		7,991,200
	TRANS UNION LLC/FINANCING CORP	11.38% 06/15/2018 750,000		787,500		855,000
	TRANSDIGM GROUP INC	7.75% 12/15/2018 1,250,000		1,250,000		1,293,750
	TRAVELPORT LLC/INC	11.88% 09/01/2016 750,000		742,204		736,875
	TRAVELPORT LLC/INC	9.88% 09/01/2014 1,000,000		1,022,798		973,750
	TRIMAS CORP	9.75% 12/15/2017 500,000		493,428		547,500
	TRINIDAD DRILLING	7.88% 01/15/2019 500,000		496,230		505,000
	TRW AUTOMOTIVE INC	6.38% 03/15/2014 250,000		304,143		350,899
	TRW AUTOMOTIVE INC	7.25% 03/15/2017 375,000		380,000		404,063
	TRW AUTOMOTIVE INC	7.00% 03/15/2014 375,000		368,438		401,250
	TUTOR PERINI CORP	7.63% 11/01/2018 500,000		496,290		502,500
	TW TELECOM HLDGS INC	8.00% 03/01/2018 250,000		248,303		265,625
	TXU CORP	6.50% 11/15/2024 60,000		20,985		22,200
	TYCO INTERNATIONAL	6.75% 02/15/2011 379,000		382,835		381,628
	TYSON FOODS INC	10.50% 03/01/2014 500,000		490,713		591,250
	UBS AG	FLTG RATE 02/23/2012 6,000,000		6,000,000		6,050,622
	UBS AG STAMFORD	FLTG RATE 04/26/2011 3,000,000		3,000,000		2,999,820
	UBS AG STAMFORD	0.76% 01/21/2011 3,000,000		3,000,000		3,000,000
	UBS FINANCE	ZERO CPN 04/05/2011 8,000,000		7,990,101		7,993,838
	UCI HOLDCO INC	FLTG RATE 12/15/2013 803,242		758,569		801,234
	UMBRELLA ACQUISITION INC	FLTG RATE 03/15/2015 264,797		265,974		285,981
	UNITED RENTALS NORTH AMERICA INC	10.88% 06/15/2016 250,000		243,139		285,625
	UNITED RENTALS NORTH AMERICA INC	9.25% 12/15/2019 250,000		245,955		278,125
	UNITED SURGICAL PARTNERS	8.88% 05/01/2017 250,000		251,953		257,500
	UNITYMEDIA GMBH	9.63% 12/01/2019 625,000		781,694		920,219
	UNIVERSAL CITY DEVELOPMENT	10.88% 11/15/2016 250,000		264,968		273,125
	UNIVERSAL CITY DEVELOPMENT	8.88% 11/15/2015 750,000		741,989		796,875
	UNIVISION COMMUNICATIONS INC	12.00% 07/01/2014 250,000		232,515		273,750
	UNIVISION COMMUNICATIONS INC	7.88% 11/01/2020 125,000		125,000		131,250
	UPC HOLDING BV	8.38% 08/15/2020 1,000,000		1,315,561		1,393,535
	UPC HOLDING BV	8.00% 11/01/2016 750,000		1,013,472		1,051,440
	US ONCOLOGY INC	10.75% 08/15/2014 625,000		648,438		647,656

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

CORPORATE DEBT SECURITIES (CONTINUED):
	US ONCOLOGY INC	9.125% 08/15/2017 500,000		500,000		616,250
	USAA AUTO OWNER TRUST	3.02% 06/17/2013 857,518		869,309		867,367
	USAA AUTO OWNER TRUST	4.28% 10/15/2012 4,078,458		4,127,799		4,108,500
	VALASSIS COMMUNICATIONS INC	8.25% 03/01/2015 224,000		222,180		234,360
	VALEANT PHARMACEUTICALS INT’L	7.00% 10/01/2020 250,000		251,250		246,875
	VALEANT PHARMACEUTICALS INT’L	6.88% 12/01/2018 125,000		123,750		124,063
	VALEANT PHARMACEUTICALS INT’L	6.75% 10/01/2017 375,000		382,500		373,125
	VANGUARD HEALTH HLDG CO II	8.00% 02/01/2018 750,000		733,748		768,750
	VEB FINANCE LTD	5.45% 11/22/2017 1,500,000		1,500,000		1,496,250
	VERSO PAPER HLDGS LLC/INC	11.38% 08/01/2016 250,000		264,909		250,625
	VIDEOTRON GROUP	9.13% 04/15/2018 875,000		826,707		975,625
	VIDEOTRON HLDGS	6.88% 01/15/2014 250,000		210,000		253,125
	VIKING CONSUMER REC I	9.25% 11/01/2018 625,000		642,015		620,313
	VIRGIN MEDIA FINANCE PLC	9.50% 08/15/2016 2,125,000		2,199,375		2,401,250
	VOLKSWAGEN AG	4.5% 07/20/2012 1,211,707		1,227,301		1,216,937
	VOLKSWAGEN AUTO LEASE TRUST	3.41% 04/16/2012 4,349,868		4,403,015		4,396,080
	VOLKSWAGEN AUTO LN ENHANCED TR	0.66% 05/21/2012 772,516		772,908		772,872
	VOLKSWAGEN AUTO LN ENHANCED TR	5.47% 03/20/2013 1,480,920		1,516,786		1,514,740
	VWR FUNDING INC	FLTG RATE 07/15/2015 1,306,250		1,307,388		1,371,563
	WACHOVIA CAPITAL TRUST	5.80% 03/15/2011 628,000		370,520		544,790
	WACHOVIA CORP	FLTG RATE 03/15/2011 4,000,000		3,977,801		4,000,644
	WACHOVIA CORP	FLTG RATE 10/15/2011 5,000,000		4,978,900		5,003,755
	WARNER CHILCOTT CO LLC/ FIN LLC	7.75% 09/15/2018 750,000		769,688		757,500
	WARNER MUSIC GROUP	7.375% 04/15/2014 750,000		668,219		720,000
	WCA WASTE CORP	9.25% 06/15/2014 250,000		236,563		258,750
	WDAC SUBSIDIARY CORP	8.50% 12/01/2014 750,000		937,337		37,731
	WELLS FARGO & CO	FLTG RATE 01/12/2011 1,000,000		999,167		1,000,060
	WENDYS / ARBYS RESTAURANTS LLC	10.00% 07/15/2016 500,000		488,502		542,500
	WEST CORP	11.00% 10/15/2016 875,000		925,810		949,375
	WEST CORP	8.63% 10/01/2018 250,000		255,313		265,000
	WESTERN EXPRESS INC	12.50% 04/15/2015 750,000		720,875		663,750
	WESTPAC BANKING CORP	ZERO CPN 04/15/2011 2,000,000		1,988,644		1,997,161
	WESTPAC SECS NZ LTD	FLTG RATE 04/15/2011 4,000,000		4,000,000		4,000,000
	WEYERHAEUSER CO	6.75% 03/15/2012 443,000		411,749		468,003
	WHITE NIGHTS FINANCE	10.50% 03/25/2014 1,000,000		1,207,500		1,195,500
	WHITING PETROLEUM CORP	7.00% 02/01/2014 443,000		418,635		465,150
	WIND ACQUISITION F	7.38% 02/15/2018 500,000		656,829		666,261
	WIND ACQUISITION FIN SA	11.75% 07/15/2017 1,000,000		1,483,106		1,503,676
	WIND ACQUISITION FINANCE SA	12.25% 12/15/2017 517,864		651,195		778,109
	WINDSTREAM CORP	7.88% 11/01/2017 875,000		868,764		919,844
	WINDSTREAM CORP	8.63% 08/01/2016 1,000,000		908,898		1,052,500
	WMG ACQUISITION CORP	9.50% 06/15/2016 375,000		373,400		402,188
	WORLD OMNI AUTO RECEIVABLES TR	1.02% 01/15/2012 4,757,296		4,759,685		4,762,635
	WORLD OMNI AUTO RECEIVABLES TR	5.13% 04/15/2013 2,590,482		2,634,769		2,629,871
	WYNN LAS VEGAS LLC/CORP	7.88% 11/01/2017 375,000		380,668		404,063
	YANKEE ACQUISITION CORP	8.50% 02/15/2015 500,000		387,813		520,000
	YONKERS RACING CORP	11.38% 07/15/2016 225,000		231,188		247,781
	ZIGGO BOND CO	8.00% 05/15/2018 625,000		759,024		870,414

	TOTAL CORPORATE DEBT SECURITIES			1,033,460,161		1,066,249,403

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

U.S. FEDERAL, STATE, LOCAL AND NON-U.S. GOVERNMENT SECURITIES:
	ASIAN DEVELOPMENT BANK	3.00% 05/16/2011 1,500,000		1,529,430		1,514,595
	AUSTRALIA(COMMONWEALTH OF)	FLTG RATE 08/20/2020 500,000		724,989		829,050
	AUSTRALIA(COMMONWEALTH OF)	2.50% 09/20/2030 400,000		377,160		395,390
	AUSTRALIA(COMMONWEALTH OF)	FLTG RATE 09/20/2025 1,600,000		1,511,661		1,749,654
	BUCKEYE OHIO TOB STLMNT FIN AUTH	6.50% 06/01/2047 6,400,000		4,642,368		4,627,200
	BUCKEYE OHIO TOB STLMNT FIN AUTH	5.88% 06/01/2047 100,000		97,082		65,720
	CALIFORNIA ST TAXABLE	7.50% 04/01/2034 10,500,000		10,577,175		10,864,875
	FEDERAL FARM CREDIT BANKS	FLTG RATE 01/06/2012 1,520,000		1,519,073		1,519,527
	FEDERAL HOME LOAN BANK	0.35% 11/07/2011 4,000,000		4,000,000		3,997,824
	FEDERAL HOME LOAN BANK	0.785% 11/25/2011 2,000,000		2,008,053		2,007,236
	FEDERAL HOME LOAN BANK	ZERO CPN 01/28/2011 8,000,000		7,981,413		7,999,720
	FEDERAL HOME LOAN MTG CORP	FLTG RATE 02/01/2011 10,000,000		9,997,752		10,000,960
	FEDERAL HOME LOAN MTG CORP	FLTG RATE 09/26/2011 4,000,000		3,996,960		3,999,540
	FEDERAL HOME LOAN MTG CORP	FLTG RATE 02/10/2012 4,000,000		3,998,037		3,998,276
	FEDERAL HOME LOAN MTG CORP	FLTG RATE 09/19/2011 4,000,000		3,996,424		3,999,284
	FEDERAL HOME LOAN MTG CORP	5.50% 09/15/2011 1,200,000		1,279,672		1,242,950
	FEDERAL HOME LOAN MTG CORP	4.75% 01/18/2011 1,500,000		1,544,850		1,502,664
	FEDERAL HOME LOAN MTG CORP	FLTG RATE 10/21/2011 7,900,000		7,897,709		7,900,316
	FEDERAL HOME LOAN MTG CORP	FLTG RATE 10/26/2011 4,000,000		3,997,573		3,999,040
	FEDERAL HOME LOAN MTG CORP	FLTG RATE 12/29/2011 4,300,000		4,296,740		4,298,572
	FEDERAL HOME LOAN MTG CORP	5.25% 07/18/2011 4,000,000		4,215,160		4,107,448
	FEDERAL HOME LOAN MTG CORP	ZERO CPN 03/28/2011 8,000,000		7,980,273		7,993,693
	FEDERAL HOME LOAN MTG CORP	ZERO CPN 04/26/2011 8,000,000		7,982,000		7,997,240
	FEDERAL HOME LOAN MTG CORP	ZERO CPN 05/24/2011 8,000,000		7,985,167		7,995,928
	FEDERAL HOME LOAN MTG CORP	ZERO CPN 06/21/2011 8,000,000		7,990,311		7,992,400
	FEDERAL HOME LOAN MTG CORP	ZERO CPN 07/26/2011 8,000,000		7,989,391		7,989,929
	FEDERAL NATIONAL MTG ASSOC	6.25% 02/01/2011 270,000		285,309		271,144
	FEDERAL NATIONAL MTG ASSOC	6.00% 04/18/2036 740,000		807,448		799,393
	FEDERAL NATIONAL MTG ASSOC	5.38% 11/15/2011 2,000,000		2,093,380		2,086,162
	FEDERAL NATIONAL MTG ASSOC	5.25% 08/01/2012 220,000		230,008		235,026
	FEDERAL NATIONAL MTG ASSOC	1.75% 03/23/2011 2,100,000		2,129,421		2,107,228
	FEDERAL NATIONAL MTG ASSOC	1.88% 04/20/2012 1,000,000		1,020,946		1,017,913
	FEDERAL NATIONAL MTG ASSOC	ZERO CPN 02/22/2011 8,000,000		7,988,320		7,988,320
	FEDERAL NATIONAL MTG ASSOC	ZERO CPN 03/15/2011 8,000,000		7,994,520		7,997,080
	FEDERAL NATIONAL MTG ASSOC	ZERO CPN 02/08/2011 8,000,000		7,995,316		7,999,360
	FEDERAL NATIONAL MTG ASSOC	ZERO CPN 07/11/2011 8,000,000		7,966,680		7,982,173
	FEDERAL NATIONAL MTG ASSOC	ZERO CPN 02/01/2019 390,000		216,934		252,817
	FINANCING CORP	ZERO CPN 04/05/2019 160,000		111,528		120,021
	HYDRO-QUEBEC	6.30% 05/11/2011 342,000		361,580		349,044
	ILLINOIS ST	4.42% 01/01/2015 11,170,000		11,406,980		11,186,532
	INTER-AMER DEV BK	1.50% 06/23/2011 2,000,000		2,015,957		2,010,870
	INTERNATIONAL BANK FOR REC & DEV	3.13% 11/15/2011 1,800,000		1,862,325		1,841,229
	JAPAN FIN ORG FOR MUNICIPALITIES	5.88% 03/14/2011 4,300,000		4,454,800		4,344,759
	KENTUCKY ST PPTY & BLDGS CMM REVS	5.37% 11/01/2025 1,000,000		1,000,000		950,660
	MEXICO(UNITED MEXICAN STATES)	7.50% 04/08/2033 45,000		48,951		55,238
	MEXICO(UNITED MEXICAN STATES)	5.63% 01/15/2017 34,000		33,456		37,604
	NEW STH WALES TSY IDX/LKD	FLTG RATE 11/20/2025 1,200,000		1,085,171		1,245,571
	TENNESSEE VALLEY AUTHORITY	7.13% 05/01/2030 942,000		1,321,014		1,228,872
	TOBACCO STTLMNT FIN AUTH WST VA	7.47% 06/01/2047 95,000		89,300		65,814
	UNITED STATES OF AMER TREAS BILLS	ZERO CPN 05/19/2011 8,280,000		8,272,113		8,273,593
	UNITED STATES OF AMER TREAS BILLS	ZERO CPN 06/09/2011 2,130,000		2,128,063		2,128,305

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

U.S. FEDERAL, STATE, LOCAL AND NON-U.S. GOVERNMENT SECURITIES (CONTINUED):
	UNITED STATES OF AMER TREAS BILLS	ZERO CPN 06/16/2011 28,080,000		28,053,030		28,055,665
	UNITED STATES OF AMER TREAS BILLS	ZERO CPN 02/10/2011 420,000		419,868		419,941
	UNITED STATES OF AMER TREAS BILLS	ZERO CPN 01/20/2011 440,000		439,908		439,968
	UNITED STATES OF AMER TREAS BONDS	8.50% 02/15/2020 16,900,000		23,458,399		24,180,199
	UNITED STATES OF AMER TREAS BONDS	8.75% 08/15/2020 15,800,000		22,491,960		23,080,340
	UNITED STATES OF AMER TREAS BONDS	8.13% 05/15/2021 2,200,000		3,138,439		3,122,968
	UNITED STATES OF AMER TREAS BONDS	7.63% 11/15/2022 5,600,000		7,722,750		7,792,747
	UNITED STATES OF AMER TREAS BONDS	6.25% 08/15/2023 1,100,000		1,397,020		1,382,563
	UNITED STATES OF AMER TREAS BONDS	6.125% 11/15/2027 3,200,000		4,075,680		4,020,000
	UNITED STATES OF AMER TREAS BONDS	FLTG RATE 04/15/2028 13,300,000		23,870,911		23,214,801
	UNITED STATES OF AMER TREAS BONDS	5.50% 08/15/2028 8,400,000		9,827,211		9,897,560
	UNITED STATES OF AMER TREAS BONDS	FLTG RATE 01/15/2025 12,400,000		15,920,039		16,010,000
	UNITED STATES OF AMER TREAS BONDS	FLTG RATE 01/15/2026 16,700,000		19,926,057		19,538,899
	UNITED STATES OF AMER TREAS BONDS	FLTG RATE 01/15/2028 11,350,000		10,187,894		12,061,629
	UNITED STATES OF AMER TREAS BONDS	4.38% 02/15/2038 4,400,000		4,616,258		4,446,750
	UNITED STATES OF AMER TREAS BONDS	FLTG RATE 01/15/2029 7,600,000		8,674,690		8,784,373
	UNITED STATES OF AMER TREAS BONDS	3.50% 02/15/2039 4,000,000		3,402,162		3,446,876
	UNITED STATES OF AMER TREAS BONDS	4.25% 05/15/2039 2,100,000		2,203,289		2,068,828
	UNITED STATES OF AMER TREAS BONDS	4.38% 11/15/2039 800,000		907,744		804,250
	UNITED STATES OF AMER TREAS BONDS	4.63% 02/15/2040 3,400,000		3,325,989		3,561,500
	UNITED STATES OF AMER TREAS BONDS	4.38% 05/15/2040 5,100,000		5,266,811		5,124,684
	UNITED STATES OF AMER TREAS BONDS	3.88% 08/15/2040 3,000,000		2,958,574		2,763,282
	UNITED STATES OF AMER TREAS BONDS	FLTG RATE 07/15/2016 7,400,000		8,382,730		8,994,191
	UNITED STATES OF AMER TREAS BONDS	0.88% 02/29/2012 2,100,000		2,113,871		2,112,222
	UNITED STATES OF AMER TREAS NOTES	FLTG 04/15/2029 10,800,000		19,283,633		19,269,807
	UNITED STATES OF AMER TREAS NOTES	FLTG RATE 01/15/2027 13,300,000		15,349,333		16,029,481
	UNITED STATES OF AMER TREAS NOTES	FLTG RATE 01/15/2012 7,400,000		9,498,118		9,528,145
	UNITED STATES OF AMER TREAS NOTES	FLTG RATE 07/15/2012 3,976,000		4,756,411		5,137,004
	UNITED STATES OF AMER TREAS NOTES	FLTG RATE 07/15/2013 11,500,000		13,760,042		14,602,141
	UNITED STATES OF AMER TREAS NOTES	FLTG RATE 01/15/2014 12,629,000		14,734,419		16,048,015
	UNITED STATES OF AMER TREAS NOTES	FLTG RATE 07/15/2014 5,388,000		5,825,221		6,756,853
	UNITED STATES OF AMER TREAS NOTES	FLTG RATE 07/15/2015 1,855,000		2,281,777		2,259,426
	UNITED STATES OF AMER TREAS NOTES	FLTG RATE 01/15/2016 4,893,000		5,268,618		5,870,942
	UNITED STATES OF AMER TREAS NOTES	FLTG RATE 04/15/2011 26,513,000		29,449,861		29,473,523
	UNITED STATES OF AMER TREAS NOTES	FLTG RATE 01/15/2017 8,700,000		9,389,744		10,514,198
	UNITED STATES OF AMER TREAS NOTES	FLTG RATE 04/15/2012 10,200,000		10,980,894		11,392,617
	UNITED STATES OF AMER TREAS NOTES	2.63% 07/15/2017 15,300,000		18,079,435		18,373,788
	UNITED STATES OF AMER TREAS NOTES	0.625% 04/15/2013 1,000,000		1,026,475		1,065,993
	UNITED STATES OF AMER TREAS NOTES	FLTG RATE 07/15/2018 6,100,000		6,525,839		6,519,633
	UNITED STATES OF AMER TREAS NOTES	FLTG RATE 01/15/2019 5,900,000		6,244,120		6,650,411
	UNITED STATES OF AMER TREAS NOTES	1.13% 12/15/2011 1,000,000		1,008,792		1,007,539
	UNITED STATES OF AMER TREAS NOTES	FLTG RATE 04/15/2014 3,200,000		3,408,048		3,477,651
	UNITED STATES OF AMER TREAS NOTES	3.13% 05/15/2019 1,600,000		1,641,285		1,616,875
	UNITED STATES OF AMER TREAS NOTES	FLTG RATE 07/15/2019 13,600,000		14,658,718		15,145,842
	UNITED STATES OF AMER TREAS NOTES	3.38% 11/15/2019 2,900,000		3,115,905		2,960,491
	UNITED STATES OF AMER TREAS NOTES	FLTG RATE 01/15/2020 6,650,000		6,668,090		6,989,313
	UNITED STATES OF AMER TREAS NOTES	3.13% 01/31/2017 8,900,000		8,905,563		9,247,652
	UNITED STATES OF AMER TREAS NOTES	0.75% 11/30/2011 2,100,000		2,109,113		2,108,285
	UNITED STATES OF AMER TREAS NOTES	FLTG RATE 07/15/2020 33,300,000		33,735,845		34,192,562
	UNITED STATES OF AMER TREAS NOTES	1.88% 08/31/2017 1,900,000		1,908,691		1,813,757
	UNITED STATES OF AMER TREAS NOTES	1.88% 09/30/2017 1,500,000		1,507,321		1,428,399
	UNITED STATES OF AMER TREAS NOTES	1.25% 10/31/2015 2,700,000		2,663,306		2,613,093

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

U.S. FEDERAL, STATE, LOCAL AND NON-U.S. GOVERNMENT SECURITIES (CONTINUED):
	UNITED STATES OF AMER TREAS NOTES	2.25% 11/30/2017 7,500,000		7,487,109		7,293,165
	UNIVERSITY CA REGTS MED CENTER	6.40% 05/15/2031 6,900,000		6,900,000		6,811,680

	TOTAL U.S. FEDERAL, STATE, LOCAL AND NON-U.S. GOVERNMENT SECURITIES			673,988,953		684,686,276

MORTGAGE-BACKED SECURITIES:
	ARKLE MASTER ISSUER PLC	FLTG RATE 05/17/2060 800,000		800,000		791,560
	BANC OF AMERICA FUNDING CORP	FLTG RATE 05/20/2036 936,100		615,089		724,853
	BANC OF AMERICA FUNDING TRUST	FLTG RATE 04/25/2037 484,813		368,458		385,383
	BANC OF AMERICA MORTGAGE TRUST	FLTG RATE 02/25/2035 879,125		661,546		830,482
	BCCR TRUST	FLTG RATE 08/21/2045 6,000,000		5,130,000		6,339,807
*	BEAR STEARNS TRUST	FLTG RATE 03/25/2035 113,344		111,193		107,677
*	BEAR STEARNS TRUST	FLTG RATE 08/25/2035 57,990		56,618		54,708
	CITIGROUP MORTGAGE LOAN TRUST	FLTG RATE 09/25/2035 948,894		562,496		619,650
	CITIGROUP MORTGAGE LOAN TRUST	FLTG RATE 08/25/2035 96,605		94,064		88,716
	CITIGROUP MORTGAGE LOAN TRUST	FLTG RATE 09/25/2037 633,342		441,629		457,890
	CITIGROUP/DEUTSCHE BANK	FLTG RATE 11/15/2044 100,000		81,297		106,710
	COMM MTG LEASE-BACKED SEC LLC	6.75% 06/20/2031 827,347		767,536		906,704
	CWALT ALTERNATIVE LOAN TRUST	FLTG RATE 12/20/2046 1,365,146		807,484		710,931
	FEDERAL HOME LOAN MTG CORP	FLTG RATE 01/01/2037 957,833		993,332		1,012,987
	FEDERAL HOME LOAN MTG CORP	FLTG RATE 09/01/2037 604,913		623,273		649,928
	FEDERAL HOME LOAN MTG CORP	3.50% 12/01/2040 25,351,400		24,287,829		24,184,393
	FEDERAL HOME LOAN MTG CORP	3.50% 11/01/2040 7,648,602		7,327,719		7,296,512
	FEDERAL HOME LOAN MTG CORP	4.50% 06/01/2040 964,184		1,007,271		988,949
	FEDERAL HOME LOAN MTG CORP	4.50% 11/01/2039 1,934,190		2,020,624		1,983,871
	FEDERAL HOME LOAN MTG CORP	4.50% 09/01/2039 7,797,136		8,162,627		7,997,409
	FEDERAL HOME LOAN MTG CORP	5.50% 02/01/2040 5,356,387		5,704,552		5,713,138
	FEDERAL HOME LOAN MTG CORP	5.50% 01/01/2038 5,499,037		5,856,474		5,867,007
	FEDERAL HOME LOAN MTG CORP	5.50% 01/01/2039 3,728,500		3,970,853		3,977,096
	FEDERAL HOME LOAN MTG CORP	5.50% 07/01/2038 901,384		959,974		962,808
	FEDERAL NATIONAL MTG ASSOC	4.50% 05/01/2013 1,878,052		1,987,800		1,993,427
	FEDERAL NATIONAL MTG ASSOC	4.00% 07/01/2014 764,874		799,174		799,861
	FEDERAL NATIONAL MTG ASSOC	3.50% 30 YRS 35,000,000		35,178,281		35,240,625
	FEDERAL NATIONAL MTG ASSOC	4.00% 04/01/2039 106,172		107,830		105,825
	FEDERAL NATIONAL MTG ASSOC	4.00% 08/01/2024 314,835		329,238		324,723
	FEDERAL NATIONAL MTG ASSOC	4.00% 08/01/2039 101,016		102,594		100,607
	FEDERAL NATIONAL MTG ASSOC	4.00% 12/01/2025 114,891		120,150		118,768
	FEDERAL NATIONAL MTG ASSOC	4.00% 12/01/2040 4,719,216		4,792,954		4,699,379
	FEDERAL NATIONAL MTG ASSOC	4.00% 02/01/2039 69,944		71,037		69,650
	FEDERAL NATIONAL MTG ASSOC	4.00% 01/01/2041 757,078		768,907		753,896
	FEDERAL NATIONAL MTG ASSOC	4.00% 07/01/2024 1,999,703		2,090,752		2,063,405
	FEDERAL NATIONAL MTG ASSOC	4.00% 07/01/2025 486,635		508,728		503,059
	FEDERAL NATIONAL MTG ASSOC	4.00% 06/01/2025 163,699		171,102		169,224
	FEDERAL NATIONAL MTG ASSOC	4.00% 06/01/2039 132,316		134,383		131,780
	FEDERAL NATIONAL MTG ASSOC	4.00% 05/01/2025 524,606		548,131		542,311
	FEDERAL NATIONAL MTG ASSOC	4.00% 11/01/2040 2,883,368		2,928,421		2,871,248
	FEDERAL NATIONAL MTG ASSOC	4.00% 10/01/2040 3,118,811		3,211,506		3,140,725
	FEDERAL NATIONAL MTG ASSOC	4.00% 09/01/2013 364,483		380,828		373,797
	FEDERAL NATIONAL MTG ASSOC	4.00% 09/01/2024 98,693		103,118		101,792
	FEDERAL NATIONAL MTG ASSOC	4.00% 09/01/2025 1,112,225		1,163,051		1,149,763
	FEDERAL NATIONAL MTG ASSOC	4.00% 09/01/2040 4,050,143		4,171,403		4,033,118
	FEDERAL NATIONAL MTG ASSOC	4.50% 04/01/2023 8,378,990		8,869,854		8,797,939

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

MORTGAGE-BACKED SECURITIES (CONTINUED):
	FEDERAL NATIONAL MTG ASSOC	4.50% 08/01/2024 10,379,406		10,979,465		10,885,401
	FEDERAL NATIONAL MTG ASSOC	4.50% 08/01/2025 402,206		425,710		422,316
	FEDERAL NATIONAL MTG ASSOC	4.50% 08/01/2040 96,390		100,637		99,031
	FEDERAL NATIONAL MTG ASSOC	4.50% 02/01/2025 987,458		1,045,316		1,037,448
	FEDERAL NATIONAL MTG ASSOC	4.50% 01/01/2039 23,504		24,510		24,148
	FEDERAL NATIONAL MTG ASSOC	4.50% 06/01/2040 560,027		584,003		575,374
	FEDERAL NATIONAL MTG ASSOC	4.50% 05/01/2023 3,302,842		3,495,852		3,467,984
	FEDERAL NATIONAL MTG ASSOC	4.50% 10/01/2025 779,621		825,301		819,089
	FEDERAL NATIONAL MTG ASSOC	5.00% 04/01/2038 874,266		926,073		920,024
	FEDERAL NATIONAL MTG ASSOC	5.00% 01/01/2040 961,567		1,018,547		1,011,594
	FEDERAL NATIONAL MTG ASSOC	5.00% 07/01/2040 36,176		38,320		38,081
	FEDERAL NATIONAL MTG ASSOC	5.00% 05/01/2033 328,960		348,453		347,925
	FEDERAL NATIONAL MTG ASSOC	5.00% 05/01/2039 804,964		852,665		847,347
	FEDERAL NATIONAL MTG ASSOC	5.00% 05/01/2040 1,059,624		1,122,415		1,114,752
	FEDERAL NATIONAL MTG ASSOC	5.50% 11/01/2037 44,076		45,216		47,400
	FEDERAL NATIONAL MTG ASSOC	6.00% 04/01/2037 187,209		201,015		203,714
	FEDERAL NATIONAL MTG ASSOC	6.00% 08/01/2037 3,263,794		3,504,499		3,551,547
	FEDERAL NATIONAL MTG ASSOC	6.00% 09/01/2037 606,591		651,327		660,072
	FEDERAL NATIONAL MTG ASSOC	6.00% 09/01/2037 150,339		161,426		163,594
	FEDERAL NATIONAL MTG ASSOC	7.00% 12/01/2027 49,009		52,209		55,681
	FEDERAL NATIONAL MTG ASSOC	8.00% 08/01/2015 3,038		3,205		3,349
	FEDERAL NATIONAL MTG ASSOC	8.00% 08/01/2015 19,931		21,028		21,967
	FEDERAL NATIONAL MTG ASSOC	8.00% 09/01/2015 9,095		9,455		9,866
	FEDERAL NATIONAL MTG ASSOC	9.00% 11/01/2021 5,458		5,851		5,933
	FEDERAL NATIONAL MTG ASSOC	4.00% 15 YRS 56,500,000		57,950,234		58,186,186
	FEDERAL NATIONAL MTG ASSOC	4.00% 30 YRS 27,000,000		27,373,818		26,856,576
	FEDERAL NATIONAL MTG ASSOC	4.50 15 YRS% 4,000,000		4,173,281		4,193,124
	FEDERAL NATIONAL MTG ASSOC	4.50% 30 YRS 99,500,000		103,321,689		102,127,397
	FEDERAL NATIONAL MTG ASSOC	5.00% 30 YRS 2,000,000		2,122,813		2,102,500
	FEDERAL NATIONAL MTG ASSOC	5.50% 01/25/2041 16,000,000		17,172,500		17,172,500
	FEDERAL NATIONAL MTG ASSOC	5.00% 01/25/2041 26,000,000		27,495,000		27,495,000
	FEDERAL NATIONAL MTG ASSOC	5.50% 01/25/2041 16,000,000		17,172,500		17,172,500
	FEDERAL NATIONAL MTG ASSOC	6.00% 01/25/2041 7,000,000		7,573,945		7,573,945
	FEDERAL NATIONAL MTG ASSOC	3.50% 01/25/20412 47,000,000		45,017,188		45,017,188
	FEDERAL NATIONAL MTG ASSOC	3.50% 01/25/20411 33,000,000		31,525,312		31,525,312
	GOVERNMENT NATIONAL MTG ASSOC	FLTG RATE 05/20/2037 424,162		417,733		422,406
	GOVERNMENT NATIONAL MTG ASSOC	FLTG RATE 03/20/2037 1,041,809		1,026,019		1,036,890
	GOVERNMENT NATIONAL MTG ASSOC	7.50% 03/15/2029 11,088		11,799		12,795
	HARBORVIEW MORTGAGE LOAN TRUST	FLTG RATE 02/25/2036 464,840		242,008		259,697
	INDYMAC INDA	FLTG RATE 11/25/2037 386,556		251,399		310,633
	LB-UBS COMMERCIAL MTG TRUST	FLTG RATE 09/2030 3,279,000		2,517,737		3,497,416
	MASTER ADJ RATE MTGS TRUST	FLTG RATE 01/25/2036 832,499		640,060		726,847
	MASTER SPECIALIZED LOAN TRUST	6.00% 08/2034 978,879		972,473		969,961
	MERRILL LYNCH/CW COMM MTG TRUST	5.70% 09/12/2049 100,000		72,375		104,362
	ML-CFC COMM MTG TRUST	FLTG RATE 06/12/2050 4,290,000		2,805,355		4,419,999
	MORGAN STANLEY CAPITAL I INC	FLTG RATE 06/11/2049 80,000		63,966		85,662
	MORGAN STANLEY CAPITAL I INC	4.99% 08/13/2042 1,549,000		1,191,889		1,640,187
	MORGAN STANLEY MTG LOAN TRUST	FLTG RATE 07/25/2035 1,224,486		754,010		895,160
	MORGAN STANLEY MTG LOAN TRUST	FLTG RATE 06/25/2037 793,735		383,991		439,676
	MORGAN STANLEY MTG LOAN TRUST	4.22% 08/25/2034 440,976		228,864		363,962
	MORGAN STANLEY MTG LOAN TRUST	FLTG RATE 06/25/2036 2,067,005		1,670,721		1,950,175

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

MORTGAGE-BACKED SECURITIES (CONTINUED):
	PRIME MORTGAGE TRUST	8.00% 07/25/2034 1,278,246		1,136,097		999,159
	RALI SERIES 2005-QA13 TRUST	FLTG RATE 12/25/2035 2,093,248		1,184,289		1,243,222
	RALI SERIES TRUST	FLTG RATE 06/25/2046 288,457		239,936		119,708
	RBSGC MORTGAGE LOAN TRUST	FLTG RATE 01/25/2037 1,271,372		497,469		749,458
	STRUCTURED ADJ RATE MTG LOAN TR	FLTG RATE 05/25/2036 1,148,106		640,191		891,787
	STRUCTURED ADJ RATE MTG LOAN TR	FLTG RATE 01/2035 937,708		587,186		774,421
	THORNBURG MTG SECURITIES TRUST	FLTG RATE 09/25/2037 1,203,063		943,040		1,168,037
	THORNBURG MTG TRUST	FLTG RATE 09/25/2037 1,150,285		875,797		1,071,109
	WACHOVIA BANK COMMERCIAL MTG	4.94% 04/15/2042 837,000		638,968		889,663
	WACHOVIA BANK COMMERCIAL MTG	FLTG RATE 01/15/2045 210,000		157,361		225,032
	WACHOVIA BANK COMMERCIAL MTG	FLTG RATE 07/15/2042 1,228,000		945,601		1,318,428
	WACHOVIA BANK COMMERCIAL MTG	5.572% 10/15/2048 100,000		71,020		104,718
	WELLS FARGO MTG BACKED SEC TRUST	FLTG RATE 10/25/2035 2,624,068		2,291,550		2,420,187
	WELLS FARGO MTG BACKED SEC TRUST	FLTG RATE 04/25/2036 431,901		333,951		393,426

	TOTAL MORTGAGE-BACKED SECURITIES			531,084,813		536,104,139

DERIVATIVES RECEIVABLE:
	JUN11 90DAY EURO FUTURE LG	VAR MRGN EX: 06/13/11 SIZE 250,000		—		51,425
	JUN11 90DAY EURO FUTURE LG	FUT LONG EX: 06/13/11 CONTRACTS 121		51,425		(51,425	)
	MAR11 90DAY EURO FUTURE LG	VAR MRGN EX: 03/14/11 SIZE 250,000		—		26,037
	MAR11 90DAY EURO FUTURE LG	FUT LONG EX: 03/14/11 CONTRACTS 237		26,037		(26,037	)
	FWD CURRENCY CONTRACT — BRL	BRL RATE 1.7054 EX 03/02/2011		—		25,413
	FWD CURRENCY CONTRACT — CAD	CAD RATE 1.0072 EX 02/17/2011		—		4,294
	FWD CURRENCY CONTRACT — CNY	CNY RATE 6.6380 EX 01/10/2011		—		649
	FWD CURRENCY CONTRACT — CNY	CNY RATE 6.6405 EX 01/10/2011		—		986
	FWD CURRENCY CONTRACT — CNY	CNY RATE 6.410 EX 01/10/2011		—		1,073
	FWD CURRENCY CONTRACT — EUR	EUR RATE 0.7558 EX 01/03/2011		—		998
	FWD CURRENCY CONTRACT — EUR	EUR RATE 0.7540 EX 01/04/2011		—		14,306
	FWD CURRENCY CONTRACT — EUR	EUR RATE 0.7540 EX 01/05/2011		—		3,858
	FWD CURRENCY CONTRACT — EUR	EUR RATE 0.7520 EX 01/06/2011		—		8,990
	FWD CURRENCY CONTRACT — EUR	EUR RATE 0.7502 EX 01/06/2011		—		6,441
	FWD CURRENCY CONTRACT — EUR	EUR RATE 0.7474 EX 01/06/2011		—		2,446
	FWD CURRENCY CONTRACT — INR	INR RATE 47.1200 EX 03/09/2011		—		12,467
	FWD CURRENCY CONTRACT — INR	INR RATE 46.8000 EX 03/09/2011		—		8,621
	FWD CURRENCY CONTRACT — INR	INR RATE 46.8200 EX 03/09/2011		—		8,731
	FWD CURRENCY CONTRACT — INR	INR RATE 45.2500 EX 03/09/2011		—		17
	FWD CURRENCY CONTRACT — INR	INR RATE 45.3300 EX 03/09/2011		—		80
	FWD CURRENCY CONTRACT — INR	INR RATE 45.3200 EX 03/09/2011		—		80
	FWD CURRENCY CONTRACT — INR	INR RATE 45.2500 EX 03/09/2011		—		20
	FWD CURRENCY CONTRACT — PHP	PHP RATE 43.9700 EX 06/15/2011		—		81
	FWD CURRENCY CONTRACT — PHP	PHP RATE 43.9200 EX 06/15/2011		—		12
	FWD CURRENCY CONTRACT — KRW	KRW RATE 1146.3000 EX 01/19/2011		—		1,827
	FWD CURRENCY CONTRACT — KRW	KRW RATE 1146.3000 EX 01/19/2011		—		1,827
	FWD CURRENCY CONTRACT — KRW	KRW RATE 1137.2000 EX 01/19/2011		—		168
	FWD CURRENCY CONTRACT — KRW	KRW RATE 1138.6000 EX 01/19/2011		—		707
	FWD CURRENCY CONTRACT — KRW	KRW RATE 1160.2000 EX 05/09/2011		—		13,906
	NORTEK INC WTS	432 SHARES		—		3,024
	P/PUT INT RATE OPTN	PUT SCTY 40988D6 EX 11/19/2012 1		—		115,326
	AMERICAN INTL GROUP SWPS	2,700,000 SHARES		—		281,387
	AMERICAN INTL GROUP SWPS	1,500,000 SHARES		—		156,326
	CDX IG15 5Y SP CBK SWPS	6,800,000 SHARES		—		47,825
	CDX IG15 5Y SP UAG SWPS	600,000 SHARES		—		4,220
	EMBARQ CORP SWPS	1,000,000 SHARES		—		7,492
	GATX FIN BP CBK SWPS	1,000,000 SHARES		—		23,209

THE JPMORGAN CHASE 401(k) SAVINGS PLAN
PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF ASSETS (HELD AT END OF YEAR) AT DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)		(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE,
		RATE OF INTEREST,
	IDENTITY OF ISSUE, BORROWER,	COLLATERAL, PAR, OR			CURRENT
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	COST		VALUE

DERIVATIVES RECEIVABLE (CONTINUED):
	IRS BRL ZCS R SWPS	1,500,000 SHARES		—		13,943
	IRS BRL ZCS R SWPS	15,400,000 SHARES		—		123,478
	IRS BRL ZCS R SWPS	1,200,000 SHARES		—		4,497
	IRS BRL ZCS R SWPS	1,300,000 SHARES		—		5,464
	IRS BRL ZCS R SWPS	5,500,000 SHARES		—		23,115
	IRS BRL ZCS R SWPS	400,000 SHARES		—		2,052
	IRS BRL ZCS R SWPS	1,500,000 SHARES		—		9,855
	IRS BRL ZCS R SWPS	2,400,000 SHARES		—		22,770
	IRS EUR R SWPS	1,000,000 SHARES		—		46,709
	SWPC213J9 SPWS	10,400,000 SHARES		—		73,145
	TOLL BROS FINANCE CORP SPWS	2,500,000 SHARES		—		141,868
	U. K. GILT SW DUB SWPS	700,000 SHARES		—		10,173
	U. K. GILT SW DUB SWPS	2,000,000 SHARES		—		29,065
	U. K. GILT SW SP SWPS	500,000 SHARES		—		7,267
	ZCS BRL R SWPS	300,000 SHARES		—		17,760
	ZCS BRL RD SWPS	400,000 SHARES		—		23,680

	TOTAL DERIVATIVES RECEIVABLE			77,462		1,311,648

OTHER:
	BARCLAYS DOMICILED MONEY	12 SHARES		12		12
	CASH COLLATERAL/MONEY MKT	1,853,000,000 SHARES		1,853,000		1,693,000
	ISHARES TRUST RUSSELL	5,100 SHARES		330,785		330,837
*	JPM 401K PLAN GOLDMAN SACHS			2,543,108		2,543,108
*	JPM 401K PLAN PIMCO TIP			2,994,929		2,994,929
	REPO BARCLAYS	25,800,000 SHARES		25,800,000		25,800,000
	REPO MERRILL	64,900,000 SHARES		64,900,000		64,900,000
	SLH OPEN POSITION NET	155,860 SHARES		—		17,145

	TOTAL OTHER			98,421,834		98,279,031


	TOTAL INVESTMENTS		$	13,334,687,385	$	14,640,137,586


*		PARTY-IN-INTEREST INVESTMENTS

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, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)			(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE, RATE OF
	IDENTITY OF ISSUE, BORROWER,	INTEREST, COLLATERAL, PAR, OR	COSTS OF			PROCEEDS OF
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	ACQUISITIONS			DISPOSITION

FOLLOWING ARE THE PURCHASES AND SALES OF NON EXCLUDED ASSETS:

NON-U.S. GOVERNMENT SECURITIES AND AGENCY SECURITIES:
	AUSTRALIA(COMMONWEALTH OF)	QTRLY 0.00% 08/20/2015 700,000	$	1,058,498		$	1,141,107
	CANADA (GOVT OF)	FLTG RATE 12/01/2021 2,300,000		3,960,677			4,234,704
	CANADA (GOVT OF)	SEMI-ANN FLTG RATE 12/01/2041 400,000		433,047			438,278
	CANADA (GOVT OF)	SEMI-ANN FLTG RATE 12/01/2036 600,000		837,010			829,013
	CANADA (GOVT OF)	FLTNG RATE 12/01/2031 100,000		174,077			174,212
	DEUTSCHLAND	ANNUAL FLTNG RATE 04/15/2016 200,000		311,365			298,489
	DEUTSCHLAND	ANNUAL 3.50% 07/04/2019 900,000		1,245,589			1,200,818
	GERMANY(FED REPUBLIC)	ANNUAL 4.25% 07/04/2018 500,000		784,176			733,919
	GERMANY(FED REPUBLIC)	ANNUAL FLTG RATE 04/15/2020 1,100,000		1,612,393			1,549,340
	GERMANY(FED REPUBLIC)	ANNUAL 3.00% 07/04/2020 1,500,000		1,889,335			1,888,792
	GERMANY(FED REPUBLIC)	ANNUAL 4.00% 10/11/2013 2,000,000		2,934,756			2,888,534
	GERMANY(FED REPUBLIC)	ANNUAL 6.25% 01/04/2030 100,000		177,249			174,445
	GERMANY(FED REPUBLIC)	SEMI-ANN 3.00% 04/15/2015 2,500,000		3,194,591			3,087,926

DERIVATIVES:
	MAPFRE SA EUR0.1 SUB RIGHTS	1,019,041 SHARES		—			12,530
	MICHELIN(CIE GLE DES ETABL.)	33,363 SHARES		—			84,725
	W/CALL CURRENCY OPTION	CALL SCTY 4098846 EX 04/20/2010 100		(10,150	)		—
	CDX IG14	13,400,000 SHARES		171,758			25,216
	CDX.O P	32,200,000 SHARES		(99,830	)		—
	IRS USD P 1.7-3ML	4,100,000 SHARES		87,515			—
	IRS USD P 1.95-3ML	3,500,000 SHARES		28,175			—
	IRS USD P 1.95-3ML	7,800,000 SHARES		59,028			—
	IRS USD P 2.75-3ML	1,200,000 SHARES		64,680			—
	IRS USD R 3ML - 4.0	3,500,000 SHARES		197,750			385,175
	IRS USD R 3ML - 4.0	3,100,000 SHAREAS		120,670			186,040
	IRS USD R 3ML - 4.0	200,000 SHARES		16,820			21,814
	IRS USD R 3ML - 3.25	900,000 SHARES		51,525			—
	IRS USD R 3ML - 4.0	3,400,000 SHARES		215,340			382,632
	IRS USD R 3ML - 4.0	11,700,000 SHARES		483,795			959,265
	EURO-BOBL FUT	FUT JUN 10 EX 06/08/2010 SIZE 100,000		—			13,390
	EURO-BUND FUT	FUT JUN 10 EX 06/08/2010 SIZE 100,000		—			109,124
	EURO-BUND FUT	FUT MAR 10 EX 03/08/2010 SIZE 100,000		—			6,246
	S&P 500 EMINI FUT	FUT JUN 10 EX 06/18/2010 SIZE 50		—			(55,129	)
	S&P 500 EMINI FUT	FUT MAR 10 EX 03/19/2010 SIZE 50		—			74,408
	TREASURY BONDS-CBT	FUT LG JUN 10 EX 06/21/2010 SIZE 100,000		—			(61,209	)
	US LONG BOND — CBT	FUT JUN 10 EX 06/21/2010 SIZE 100,000		—			(65,050	)
	US LONG BOND — CBT	FUT SEP 10 EX 09/21/2010 SIZE 100,000		—			17,698
	US ULTRA BOND — CBT	FUT JUN 10 EX 06/21/2010 SIZE 100,000		—			379,200
	US ULTRA BOND — CBT	FUT SEP 10 EX 09/21/2010 SIZE 100,000		—			(45,959	)
	US 10 YR NOTE FUT	FUT DEC 10 EX 12/21/2010 SIZE 100,000		—			250,896
	US 10 YR NOTE FUT	FUT JUN 10 EX 06/21/2010 SIZE 100,000		—			(76,761	)
	US 10 YR NOTE FUT	FUT JUN 10 EX 06/21/2010 SIZE 100,000		—			(361,560	)
	US 10 YR NOTE FUT	FUT SEP 10 EX 09/21/2010 SIZE 100,000		—			(1,901,923	)
	US 2 YR NOTE — CBT	FUT JUN 10 EX 06/30/2010 SIZE 200,000		—			460,824
	US 2 YR NOTE — CBT	FUT SEP 10 EX 09/30/2010 SIZE 200,000		—			166,679
	US 5 YR NOTE — CBT	FUT JUN 10 EX 06/30/2010 SIZE 100,000		—			525,298

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, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)			(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE, RATE OF
	IDENTITY OF ISSUE, BORROWER,	INTEREST, COLLATERAL, PAR, OR	COSTS OF			PROCEEDS OF
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	ACQUISITIONS			DISPOSITION

DERIVATIVES (CONTINUED):
	US 5 YR NOTE — CBT	FUT SEP 10 EX 09/30/2010 SIZE 100,000		—			(97,661	)
	10 YEAR T NOTES — CBT	FUT SH SEP 10 EX 09/21/2010 SIZE 100,000		—			66,237
	2 YEAR T NOTES — CBT	FUT LG JUN 10 EX 06/30/2010 SIZE 200,000		—			(938	)
	90 DAY EURO$ FUT	FUT DEC 10 EX 12/13/2010 SIZE 250,000		—			9,920
	90 DAY EURO$ FUT	FUT DEC 10 EX 12/13/2010 SIZE 250,000		—			(6,979	)
	90 DAY EURO$ FUT	FUT MAR 10 EX 03/15/2010 SIZE 250,000		—			228
	90 DAY EURO$ FUT	FUT MAR 12 EX 03/19/2012 SIZE 250,000		—			(19,655	)
	90 DAY EURO$ FUT	FUT SEP 20 EX 09/14/2020 SIZE 250,000		—			39,540
	90 DAY STERLING FUT	FUT DEC 10 EX 12/15/2010 SIZE 125,000		—			1,851
	CDX.O C 0.8 IG13 5 Y	CALL SCTY 4098846 EX 06/16/2010 1		(23,000	)		—
	CDX.O C 0.8 IG13 5 Y	CALL SCTY 4098846 EX 06/16/2010 1		(16,950	)		—
	CDX.O C 0.90 IG14 5 Y	CALL SCTY 4098846 EX 12/15/2010 1		(5,400	)		—
	CDX.O C 0.90 IG14 5 Y	CALL SCTY 4098846 EX 12/15/2010 1		(97,130	)		—
	CDX.O C 0.90 IG14 5 Y	CALL SCTY 4098846 EX 12/15/2010 1		(3,990	)		—
	CDX.O P 1.3 IG13 5 Y	PUT SCTY 4098846 EX 06/16/2010 1		(46,045	)		—
	CDX.O P 1.5 IG14 5 Y	PUT SCTY 4098846 EX 12/15/2010 1		(4,200	)		—
	CDX.O P 1.50 IG14 5 Y	PUT SCTY 4098846 EX 12/15/2010 1		(7,695	)		—
	W/CALL EURO DOLLAR FUT OPTION	CALL SCTY 4098846 EX 12/13/2010 25,000		(4,345	)		—
	W/CALL EURO DOLLAR OPTION	CALL SCTY 40988D6 EX 03/14/2011 250,000		(4,673	)		(4,253	)
	W/CALL INTEREST RATE OPTION	CALL SCTY 40988D6 EX 02/22/2011 100		(11,420	)		(13,663	)
	W/CALL INTEREST RATE OPTION	CALL SCTY 40988D6 EX 12/13/2010 1		(38,588	)		—
	W/CALL INTEREST RATE OPTION	CALL SCTY 40988D6 EX 10/29/2010 100		(16,190	)		(750	)
	W/CALL INTEREST RATE OPTION	CALL SCTY 40988D6 EX 12/13/2010 1		(3,658	)		—
	W/CALL INTEREST RATE OPTION	CALL SCTY 40988D6 EX 06/18/2012 100		(14,247	)		(21,424	)
	W/CALL INTEREST RATE OPTION	CALL SCTY 40988D6 EX 10/29/2010 100		(127,650	)		(6,499	)
	W/CALL INTEREST RATE OPTION	CALL SCTY 40988D6 EX 12/13/2010 100		(5,280	)		—
	W/CALL INTEREST RATE OPTION	CALL SCTY 40988D6 EX 08/31/2010 100		(78,650	)		(23,844	)
	W/CALL INTEREST RATE OPTION	CALL SCTY 40988D6 EX 10/29/2010 1		(31,190	)		—
	W/CALL INTEREST RATE OPTION	CALL SCTY 40988D6 EX 04/19/2010 1		(8,400	)		—
	W/CALL INTEREST RATE OPTION	CALL SCTY 40988D6 EX 06/14/2010 1		(71,550	)		—
	W/CALL INTEREST RATE OPTION	CALL SCTY 40988D6 EX 08/31/2010 100		(115,305	)		—
	W/CALL OTC ECAL	CALL SCTY 40988D6 EX 06/07/2010 1		(58,500	)		—
	W/CALL US TREAS NT OPTION	CALL SCTY 40988D6 EX 05/21/2010 100,000		(5,418	)		—
	W/CALL US TREAS NT OPTION	CALL SCTY 40988D6 EX 04/23/2010 100,000		(67,149	)		—
	W/CALL US TREAS NT OPTION	CALL SCTY 40988D6 EX 05/21/2010 100,000		(92,622	)		—
	W/CALL US TREAS NT OPTION	CALL SCTY 40988D6 EX 11/26/2010 100,000		(2,409	)		—
	W/CALL US TREAS NT OPTION	CALL SCTY 4098846 EX 11/26/2010 100,000		(24,035	)		—
	W/CALL US TREAS NT OPTION	CALL SCTY 40988D6 EX 02/19/2010 100,000		(3,896	)		—
	W/CALL US TREAS NT OPTION	CALL SCTY 40988D6 EX 04/23/2010 100,000		(5,580	)		—
	W/CALL US TREAS NT OPTION	CALL SCTY 40988D6 EX 08/27/2010 100,000		(207,959	)		—
	W/CALL US TREAS BDS OPTION	CALL SCTY 40988D6 EX 05/21/2010 100,000		(12,631	)		—
	W/PUT CDX	PUT SCTY 4098846 EX 12/15/2010 100		(281,820	)		—
	W/PUT CURRENCY OPTION	PUT SCTY 4098846 EX 04/20/2010 100		(17,545	)		—
	W/PUT EURO DOLLAR FUT OPTION	PUT SCTY 4098846 EX 12/13/2010 250,000		(3,438	)		—
	W/PUT EURO DOLLAR	PUT SCTY 40988D6 EX 09/10/2010 250,000		(92,672	)		—
	W/PUT INTEREST RATE OPTION	PUT SCTY 40988D6 EX 12/13/2010 1		(12,300	)		—
	W/PUT INTEREST RATE OPTION	PUT SCTY 40988D6 EX 10/29/2010 1		(2,200	)		—
	W/PUT INTEREST RATE OPTION	PUT SCTY 40988D6 EX 02/22/2011 100		(40,970	)		(35,190	)
	W/PUT INTEREST RATE OPTION	PUT SCTY 40988D6 EX 10/29/2010 100		(23,040	)		—
	W/PUT INTEREST RATE OPTION	PUT SCTY 40988D6 EX 12/13/2010 1		(25,360	)		—

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, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4I)


(A)	(B)	(C)	(D)			(E)
		DESCRIPTION OF INVESTMENT
		INCLUDING MATURITY DATE, RATE OF
	IDENTITY OF ISSUE, BORROWER,	INTEREST, COLLATERAL, PAR, OR	COSTS OF			PROCEEDS OF
	LESSOR, OR SIMILAR PARTY	MATURITY VALUE	ACQUISITIONS			DISPOSITION

DERIVATIVES (CONTINUED):
	W/PUT INTEREST RATE OPTION	PUT SCTY 40988D6 EX 10/29/2010 100		(324,028	)		(495	)
	W/PUT INTEREST RATE OPTION	PUT SCTY 40988D6 EX 12/13/2010 1		(9,600	)		—
	W/PUT INTEREST RATE OPTION	PUT SCTY 40988D6 EX 06/14/2010 1		(70,770	)		—
	W/PUT INTEREST RATE OPTION	PUT SCTY 40988D6 EX 08/31/2010 100		(149,910	)		—
	W/PUT INTEREST RATE OPTION	PUT SCTY 40988D6 EX 08/31/2010 100		(208,480	)		—
	W/PUT INTEREST RATE OPTION	PUT SCTY 40988D6 EX 10/29/2010 1		(52,930	)		—
	W/PUT INTEREST RATE OPTION	PUT SCTY 40988D6 EX 01/24/2011 100		(587,970	)		(483,570	)
	W/PUT INTEREST RATE OPTION	PUT SCTY 40988D6 EX 12/13/2010 1		(4,070	)		—
	W/PUT OTC EPUT OPTION	PUT SCTY 40988D6 EX 07/21/2010 1		(8,190	)		—
	W/CALL US TREAS NT OPTION	PUT SCTY 40988D6 EX 04/23/2010 100,000		(112,493	)		—
	W/CALL US TREAS NT OPTION	PUT SCTY 4098846 EX 05/23/2008 100,000		(91,193	)		—
	W/CALL US TREAS NT OPTION	PUT SCTY 4098846 EX 05/23/2008 100,000		(3,597	)		—
	W/CALL US TREAS NT OPTION	PUT SCTY 40988D6 EX 02/19/2010 100,000		(1,355	)		—
	W/CALL US TREAS NT OPTION	PUT SCTY 40988D6 EX 11/26/2010 100,000		(11,588	)		—
	W/CALL US TREAS NT OPTION	PUT SCTY 4098846 EX 11/26/2010 100,000		(5,032	)		—
	W/CALL US TREAS NT OPTION	PUT SCTY 40988D6 EX 11/26/2010 100,000		(3,210	)		—
	W/CALL US TREAS NT OPTION	PUT SCTY 40988D6 EX 04/23/2010 100,000		(10,924	)		—
	W/CALL US TREAS BDS OPTION	PUT SCTY 40988D6 EX 05/21/2010 100,000		(4,663	)		—
	W/CALL US TREAS NT OPTION	PUT SCTY 40988D6 EX 08/27/2010 100,000		(176,991	)		—
	W/CALL US TREAS NT OPTION	PUT SCTY 4098846 EX 11/26/2010 100,000		(2,495	)		—

SECURITIES SOLD SHORT:
	BNP PARIBAS SECURITIES CORP	340,000 SHARES		(340,000	)		(340,000	)
	CASH COLLATERAL	510,000 SHARES		(510,000	)		(510,000	)
	CASH COLLATERAL ISDA FBL	270,000 SHARES		(270,000	)		(270,000	)
	CASH COLLATERAL ISDA RYL	270,000 SHARES		(270,000	)		(270,000	)
	CASH COLLATERAL MYC	260,000 SHARES		(260,000	)		(260,000	)
	CASH COLLATERAL RYL BK OF CAD	880,000 SHARES		(880,000	)		(880,000	)
	CASH COLLATERAL	2,200,000 SHARES		(2,200,000	)		(2,200,000	)
	CASH COLLATERAL	260,000 SHARES		(260,000	)		(260,000	)
	CASH COLLATERAL	260,000 SHARES		(260,000	)		(260,000	)
	CDX IG 14 5 Y	2,100,000 SHARES		(14,066	)		(23,464	)
	FNMA TBA 30 YR	47,000,000 SHARES		(45,017,188	)		(44,576,563	)
	FNMA TBA 30 YR	11,000,000 SHARES		(11,800,938	)		(11,718,438	)
	IRS USD P 1.6-3ML	8,100,000 SHARES		—			(1,060	)
	IRS USD P 3.25-3ML	500,000 SHARES		(23,800	)		(28,520	)
	IRS USD P 3.25-3ML	1,500,000 SHARES		—			(43,458	)
	IRS USD P 3.25-3ML	1,100,000 SHARES		—			(26,840	)
	IRS USD P 3.25-3ML	4,400,000 SHARES		—			(153,252	)
	IRS USD P 3.5-3ML	5,200,000 SHARES		—			(65,854	)
	IRS USD P 3.5-3ML	2,300,000 SHARES		—			(29,302	)
	IRS USD R 3ML-2.1	1,100,000 SHARES		—			(5,808	)
	SWAPS COLLATERAL INT PMT	260,000 SHARES		(260,000	)		(260,000	)
	COLLATERAL INT PMT	670,000 SHARES		(670,000	)		(670,000	)
	FEDERAL NATIONAL MTG ASSOC	5.000% 10/25/2041 7,000,000		(7,413,438	)		(7,413,438	)
	FEDERAL NATIONAL MTG ASSOC	6.000% 11/25/2041 8,000,000		(8,595,000	)		(8,595,000	)

THE JPMORGAN CHASE 401(k) SAVINGS PLAN

PLAN NUMBER: 002 — EIN: 13/4994650

SCHEDULE OF REPORTABLE TRANSACTIONS

FOR THE YEAR ENDED DECEMBER 31, 2010

(IRS FORM 5500 — SCHEDULE H — PART IV — LINE 4J)


(A)		(B)	(C)		(D)		(F)		(G)		(H)		(I)
							EXPENSE				CURRENT
IDENTITY		DESCRIPTION OF ASSET (INCLUDE					INCURRED				VALUE OF
OF PARTY		INTEREST RATE AND MATURITY IN CASE	PURCHASE		SELLING		WITH		COST OF		ASSET ON		NET GAIN
INVOLVED		OF A LOAN)	PRICE		PRICE		TRANSACTION		ASSET		TRANSACTION DATE		OR (LOSS)

SERIES OF TRANSACTIONS — SCHEDULE H, PART IV, LINE 4J
	*	JPMORGAN CHASE & CO COM STOCK, 104 BUYS	VARIOUS				$	291,985	$	662,582,571	$	662,290,586		(291,985	)
	*	JPMORGAN CHASE & CO COM STOCK, 107 SELLS			VARIOUS			344,546		711,425,525		777,444,478		66,018,953
	*	JPMORGAN U.S. GOV’T CAPITAL, 1,724 BUYS		1.00				—		4,981,897,071		4,981,897,071		—
	*	JPMORGAN U.S. GOV’T CAPITAL, 1,762 SELLS				1.00		—		4,849,440,275		4,849,440,275		—
		BLACKROCK INT’L LARGE CAP CORE, 8 BUYS	VARIOUS							392,191,439		392,191,439		—
		BLACKROCK INT’L LARGE CAP CORE, 10 SELLS			VARIOUS					809,818,070		783,039,170		(26,778,900	)
		U.S. OF AMERICA TREAS BONDS, 33 BUYS	VARIOUS					—		801,182,005		801,182,005		—
		U.S. OF AMERICA TREAS BONDS, 37 SELLS			VARIOUS			—		801,182,002		802,673,865		1,491,863


NOTE 1:		THE THRESHOLD FOR REPORTING TRANSACTIONS UNDER DEPARTMENT OF LABOR PROVISIONS IS FIVE PERCENT OF THE FAIR VALUE OF THE PLAN’S NET ASSETS AT THE BEGINNING OF THE YEAR OF $13,020,492,547. FIVE PERCENT OF THIS AMOUNT IS $651,024,627.

NOTE 2:		COLUMN ‘(E) LEASE RENTAL’ HAS BEEN OMITTED, AS THERE IS NO DATA TO REPORT IN THIS COLUMN.

*		PARTY-IN-INTEREST INVESTMENTS


	Page
	Number(s)

Report of Independent Registered Public Accounting Firm		3

Financial statements:

Statements of Net Assets Available for Benefits as of December 31, 2010 and 2009		4

Statements of Changes in Net Assets Available for Benefits for the years ended December 31, 2010 and 2009		5

Notes to financial statements		6 – 21

Supplemental schedules:

Schedule of assets (held at end of year) at December 31, 2010		22 – 51

Schedule of assets (acquired and disposed of within year) for the year ended December 31, 2010		52 – 54

Schedule of reportable transactions at December 31, 2010		55

Index to Exhibit		56

Signature of Principal Accounting Officer		57

Exhibit		58

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


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


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


Exhibit No.		Exhibits	Page At Which Located

	23.1	Consent of Independent Registered Public Accounting Firm		58


	THE JPMORGAN CHASE 401(k) SAVINGS PLAN
Date: June 27, 2011
	By:	/s/ Louis Rauchenberger
		Louis Rauchenberger
		Managing Director and Controller (Principal Accounting Officer)