EX-21.1
 

Exhibit 21.1
JPMorgan Chase & Co.
List of subsidiaries
JPMorgan Chase had the following subsidiaries at December 31, 2006:
             
        Percentage  
        of voting  
        securities  
    Organized                  owned by  
    under the                  immediate  
Name   laws of                  parent  
 
Banc One Building Management Corporation
  Wisconsin     100  
Banc One Capital Holdings LLC
  Delaware     100  
BOCP Holdings Corporation
  Ohio     100  
Banc One Capital Partners BC, LLC
  Ohio     80  
Banc One Capital BIDCO-1998, LLC
  Louisiana     100  
Banc One Capital Partners Holdings, Ltd.
  Ohio     100  
Banc One Capital Partners, LLC
  Delaware     100  
Banc One Capital Partners II, LLC
  Delaware     100  
Banc One Capital Partners IV, Ltd.
  Ohio     100  
Banc One Capital Partners VI, Ltd.
  Ohio     100  
Banc One Stonehenge Capital Fund Wisconsin, LLC
  Delaware     100  
BOCF, LLC
  Delaware     80 (a)
BOCNY, LLC
  Delaware     100  
BOME Investors, Inc.
  Delaware     100  
Tax Credit Acquisitions, LLC
  Ohio     100  
Chase Investment Services Corp.
  Delaware     100  
Banc One Deferred Benefits Corporation
  Ohio     98  
Banc One Financial LLC
  Delaware     100  
JPMorgan Capital Corporation
  Delaware     100  
Bank One Investment Corporation
  Delaware     100  
OEP Holding Corporation
  Delaware     100  
Banc One Equity Capital Fund II, L.L.C.
  Delaware     99 .5
Banc One Equity Capital SBIC Fund II, L.L.C.
  Delaware     100  
One Equity Partners II, L.P.
  Cayman Islands, BWI     99 .9
One Equity Partners LLC
  Delaware     99 .8
First Chicago Capital Corporation
  Delaware     100  
JPMorgan Capital (Canada) Corp.
  Canada     100  
One Mortgage Partners Corp.
  Vermont     100  
First Chicago Leasing Corporation
  Delaware     100  
FCL Ship Fifteen, Inc.
  Delaware     100  
FCL Ship Fourteen, Inc.
  Delaware     100  
First Chicago Lease Holdings, Inc.
  Delaware     100  
Palo Verde Leasing Corporation
  Delaware     100  
FM Holdings I, Inc.
  Delaware     100  
FM Holdings II, Inc.
  Delaware     100  
Fountains FSC, Ltd.
  Bermuda     100  
GHML Holdings I, Inc.
  Delaware     100  
GHML Holdings II, Inc.
  Delaware     100  
GTC Fund III Holdings, Inc.
  Delaware     100  
GTC Fund IV Holdings, Inc.
  Delaware     100  
GTC Fund V Holdings, Inc.
  Delaware     100  
JPMorgan Housing Corporation
  Delaware     100  
Cooper Project, L.L.C.
  Delaware     100  
JPMorgan Housing Upper Tier Limited Partnership 2
  Ohio     100  
JPMorgan Housing Upper Tier Limited Partnership 3
  Delaware     100  
NLTC Fund Holdings I, Inc.
  Delaware     100  
OX FCL Two, Inc.
  Delaware     100  
SAHP130 Holdings, Inc.
  Delaware     100  
JPMorgan Capital Management LLC
  Delaware     100  

164


 

             
        Percentage  
        of voting  
        securities  
    Organized                  owned by  
    under the                  immediate  
Name   laws of                  parent  
 
Banc One Kentucky Insurance Company
  Kentucky     100  
Banc One Neighborhood Development Corporation
  Ohio     100  
BOI Leasing Corporation
  Indiana     100  
Bridge Acquisition Holdings, Inc.
  Delaware     100  
Hambrecht & Quist Group
  Delaware     100  
Hambrecht & Quist California
  California     100  
H&Q Holdings Inc.
  Delaware     100  
CCC Holding, Inc.
  Delaware     100  
Chase Commercial Corporation
  Delaware     100  
Chase Home Mortgage Corporation of the Southeast
  Florida     100  
Chase Lincoln First Commercial Corporation
  Delaware     100  
Chase Manhattan Realty Leasing Corporation
  New York     100  
Palo Verde 1-PNM August 50 Corporation
  Delaware     100  
Palo Verde 1-PNM December 75 Corporation
  Delaware     100  
PV2-APS 150 Corporation
  Delaware     100  
PV2-PNM December 35 Corporation
  Delaware     100  
Chatham Ventures, Inc.
  New York     100  
J.P. Morgan Partners (BHCA) , L.P.
  California     80 (b)
J.P. Morgan Partners (SBIC), LLC
  California     100  
Chemical Equity Incorporated
  New York     100  
Chemical Investments, Inc.
  Delaware     100  
Clintstone Properties Inc.
  New York     100  
CMRCC, Inc.
  New York     100  
Hatherley Insurance Ltd.
  Bermuda     100  
Homesales, Inc.
  Delaware     100  
J.P. Morgan Capital Financing Limited
  England     100  
Aldermanbury Investments Limited
  England     100  
J.P. Morgan Chase International Financing Limited
  England     100  
Robert Fleming Holdings Limited
  England     100  
Copthall Overseas Limited
  England     100  
Robert Fleming (Luxembourg) (Joint Ventures) S.à r.l.
  Luxembourg     100  
Robert Fleming Investment Trust Limited
  England     100  
J.P. Morgan Chase Community Development Corporation
  Delaware     100  
J.P. Morgan Chase National Corporate Services, Inc.
  New York     100  
J.P. Morgan Corporate Services Limited
  England     100  
Robert Fleming Holdings Inc.
  Delaware     100  
J.P. Morgan Equity Holdings, Inc.
  Delaware     100  
CBD Holdings Ltd.
  Delaware     100  
Great Lakes Insurance Company
  Delaware     100  
CMC Holding Delaware Inc.
  Delaware     100  
Chase Bank USA, National Association
  United States     100  
Card Acquisition Funding LLC
  Delaware     100  
Chase BankCard Services, Inc.
  Delaware     100  
First USA Services, Inc.
  Delaware     100  
First USA Management Services, Inc.
  Delaware     100  
J.P. Morgan Investor Services Co.
  Delaware     100  
JPMorgan Insurance Agency, Inc.
  Delaware     100  
Chase Re Limited
  Bermuda     100  
J.P. Morgan Trust Company of Delaware
  Delaware     100  
J.P. Morgan Trust Company, National Association
  United States     100  
JPM Capital Corporation
  Texas     100  
J.P. Morgan Funding Corp.
  England     99 .99
J.P. Morgan Futures Inc.
  Delaware     100  
J.P. Morgan GT Corporation
  Delaware     100  
J.P. Morgan Insurance Holdings, L.L.C.
  Arizona     100  
Banc One Insurance Company
  Vermont     100  
Banc One Life Reinsurance Company
  Arizona     100  
Chase Insurance Agency, Inc.
  Wisconsin     100  
J.P. Morgan International Holdings LLC
  Delaware     100  
J.P. Morgan Trust Company (Bahamas) Limited
  Bahamas     100  
J.P. Morgan Trust Company (Cayman) Limited
  Cayman Islands, BWI     100  
JPMAC Holdings Inc.
  Delaware     100  
J.P. Morgan Invest Holdings LLC
  Delaware     100  
J.P. Morgan Retirement Plan Services LLC
  Delaware     100  

165


 

             
        Percentage  
        of voting  
        securities  
    Organized                  owned by  
    under the                  immediate  
Name   laws of                  parent  
 
CCA Strategies LLC
  Illinois     100  
Small Business Group LLC
  Delaware     100  
J.P. Morgan Private Investments Inc.
  Delaware     100  
J.P. Morgan Services Asia Holdings Limited
  Mauritius     100  
J.P. Morgan Services India Private Limited
  India     100  
J.P. Morgan Services Inc.
  Delaware     100  
J.P. Morgan Ventures Corporation
  Delaware     100  
J.P. Morgan Ventures Energy Corporation
  Delaware     100  
JPMorgan Asset Management Holdings Inc.
  Delaware     100  
Highbridge Capital Management, LLC
  Delaware     55  
Highbridge Capital Management (Hong Kong), Limited
  Hong Kong     100  
J.P. Morgan Alternative Asset Management, Inc.
  Delaware     100  
J.P. Morgan Investment Management Inc.
  Delaware     100  
JPMorgan Asset Management (Asia) Inc.
  Delaware     100  
JF Asset Management (Singapore) Limited
  Singapore     100  
JF Asset Management Limited
  Hong Kong     100  
JF Funds Limited
  Hong Kong     100  
JF Asset Management (Taiwan) Limited
  Taiwan     100  
JFAM Securities Taiwan Limited
  Taiwan     100  
JPMorgan Asset Management (Japan) Limited
  Japan     100  
JPMorgan Asset Management (Canada) Inc.
  Canada     100  
JPMorgan Asset Management International Limited
  England     100  
JPMorgan Asset Management Holdings (UK) Limited
  England     100  
JPMorgan Asset Management (UK) Limited
  England     100  
J.P. Morgan Investment Management Limited
  England     100  
JPMorgan Asset Management (London) Limited
  England     100  
JPMorgan Asset Management Holdings (Luxembourg ) S.à r.l.
  Luxembourg     100  
JPMorgan Asset Management (Europe) S.à r.l.
  Luxembourg     100  
JPMorgan Asset Management France SAS
  France     100  
JPMorgan Asset Management Societa di Gestione del Risparmio SpA
  Italy     99 .9
JPMorgan Asset Management Luxembourg S.A.
  Luxembourg     99 .99
JPMorgan Asset Management Advisory Company S.à r.l.
  Luxembourg     99 .99
JPMorgan Fleming srl
  Italy     100  
JPMorgan Asset Management Marketing Limited
  England     100  
JPMorgan Equity Plan Managers Limited
  England     100  
JPMorgan Funds Limited
  Scotland     100  
Perth Investments Limited
  England     100  
Save & Prosper Insurance Limited
  England     100  
Save & Prosper Pensions Limited
  England     100  
JPMorgan Investments Limited
  England     100  
JPMorgan Life Limited
  England     100  
JPMorgan LDHES LLC
  Delaware     100  
JPMorgan Chase Bank, Dearborn
  Michigan     100  
Pierpont Real Estate Company
  Delaware     100  
JPMorgan Chase Bank, National Association
  United States     100  
Banc One Acceptance Corporation
  Ohio     100  
Banc One Arizona Leasing Corporation
  Arizona     100  
Banc One Building Corporation
  Illinois     100  
Banc One Community Development Corporation
  Delaware     100  
Banc One Equipment Finance, Inc.
  Indiana     100  
Banc One Kentucky Leasing Corporation
  Kentucky     100  
Banc One Kentucky Vehicle Leasing Company
  Kentucky     100  
Banc One National Processing Corporation
  Delaware     100  
Banc One POS Services Corporation
  Ohio     100  
Banc One Real Estate Investment Corp.
  Delaware     100  
Bank One Auto Securitization LLC
  Delaware     100  
Bank One Education Finance Corporation
  Ohio     100  
Bank One Equity Investors – BIDCO, Inc.
  Louisiana     100  
Bank One International Corporation
  United States     100  
BOILL IHC, Inc.
  Nevada     100  
Chase BankCard LLC
  Delaware     100  
BONA Capital I, LLC
  Delaware     100  
BONA Capital II, LLC
  Delaware     100  
BOTAC, Inc.
  Nevada     100  

166


 

             
        Percentage  
        of voting  
        securities  
    Organized                  owned by  
    under the                  immediate  
Name   laws of                  parent  
 
Cedar Hill International Corp.
  Delaware     100  
Chase Access Services Corporation
  Delaware     100  
Chase Auto Finance Corp.
  Delaware     100  
Chase Community Development Corporation
  Delaware     100  
Chase Education Holdings, Inc.
  Delaware     100  
Chase Equipment Leasing Inc.
  Ohio     100  
Chase Funding Corporation
  Delaware     100  
Chase Home Finance Inc.
  Delaware     100  
Chase Home Finance LLC
  Delaware     100  
Chase Merchant Ventures, Inc.
  Delaware     100  
Chase Mortgage Holdings, Inc.
  Delaware     100  
Chase New Markets Corporation
  Delaware     100  
Chase Preferred Capital Corporation
  Delaware     100  
CPCC Delaware Statutory Trust
  Delaware     100  
CPCC Texas Limited Partnership
  Texas     99 .5
CPCC Massachusetts Business Trust
  Massachusetts     100  
Chase Ventures Holdings, Inc.
  New Jersey     100  
The Home Loan Group, LP
  California     50  
Cheshire Holding Corp.
  Delaware     100  
Collegiate Funding Services, Inc.
  Delaware     100  
Collegiate Funding Services, L.L.C.
  Virginia     100  
CFS Servicing, LLC
  Delaware     100  
CFS-SunTech Servicing LLC
  Delaware     100  
Collegiate Funding of Delaware, L.L.C.
  Delaware     100  
Collegiate Funding Services Education Loan Trust 2003A
  Delaware     100  
Collegiate Funding Services Education Loan Trust 2003B
  Delaware     100  
Collegiate Funding Services Education Loan Trust 2004A
  Delaware     100  
Collegiate Funding Services Education Loan Trust 2005A
  Delaware     100  
Collegiate Funding Services Education Loan Trust 2005B
  Delaware     100  
Collegiate Funding Originations, LLC
  Delaware     100  
Collegiate Funding Services Resources I, LLC
  Delaware     100  
Collegiate Funding Services Resources III, LLC
  Delaware     100  
Members Connect Inc.
  Delaware     100  
eGrad, LLC
  Delaware     100  
Cross Country Insurance Company
  Vermont     100  
CSL Leasing Inc.
  Delaware     100  
DNT Asset Trust
  Delaware     100  
Ventures Business Trust
  Delaware     100  
FC Energy Finance I, Inc.
  Delaware     100  
FC Energy Finance II, Inc.
  Delaware     100  
FNBC Leasing Corporation
  Delaware     100  
ICIB Fund I Holdings, Inc.
  Delaware     100  
Genesis Holding Corporation
  Delaware     100  
Georgetown/Chase Phase I LLC
  Delaware     99  
Georgetown/Chase Phase II, LLC
  Delaware     99  
Harvest Opportunity Holdings Corp.
  New York     100  
Independence Park Building Inc.
  Delaware     100  
J.P. Morgan Chase Custody Services, Inc.
  Delaware     100  
J.P. Morgan Electronic Financial Services, Inc.
  New York     100  
J.P. Morgan FCS Corporation
  Texas     100  
J.P. Morgan International Inc.
  United States     100  
Bank One International Holdings Corporation
  United States     100  
Bank One Europe Limited
  England     100  
J.P. Morgan International Finance Limited
  United States     100  
Banco J.P. Morgan S.A.
  Brazil     99 .27
J.P. Morgan Corretora de Cambio e Valores Mobiliarios S.A.
  Brazil     100  
J.P. Morgan S.A. Distribuidora de Titulos e Valores Mobiliarios
  Brazil     100  
Bedford Holdings, Inc.
  Delaware     100  
BOL (C) II, Inc.
  Delaware     100  
BOL Canada II Sub, Inc.
  Delaware     100  
BOL Canada II Trust
  Delaware     100  
BO Leasing II ULC
  Canada     100  
BOL Canada I, Inc.
  Delaware     100  
BOL Canada I Sub, Inc.
  Delaware     100  

167


 

             
        Percentage  
        of voting  
        securities  
    Organized                  owned by  
    under the                  immediate  
Name   laws of                  parent  
 
BO Leasing I ULC
  Canada     100       
BOL Canada III, Inc.
  Delaware     100       
BOL Canada III Sub, Inc.
  Delaware     100       
BO Leasing III ULC
  Canada     100       
Chase Manhattan Holdings Limitada
  Brazil     99.99  
Dearborn Merchant Services, Inc
  Canada     100       
Inversiones Y Asesorias Chase Manhattan Limitada
  Chile     99.94  
J.P. Morgan & Cie S.A.S.
  France     100       
J.P. Morgan (Suisse) SA
  Switzerland     100       
J.P. Morgan Bank (Ireland) plc
  Republic of Ireland     100       
J.P. Morgan Administration Services (Ireland) Limited
  Republic of Ireland     100       
JPMorgan Tranaut Holdings Limited
  Bermuda     100       
JPMorgan Hedge Fund Services (Ireland) Limited
  Republic of Ireland     100       
J.P. Morgan Bank Canada
  Canada     100       
J.P. Morgan Bank International LLC
  Russian Federation     99       
J.P. Morgan Bank Luxembourg S.A.
  Luxembourg     99.99  
J.P. Morgan Beteiligungs-und Verwaltungsgesellschaft mbH
  Germany     99.8    
J.P. Morgan AG
  Germany     100       
J.P. Morgan Services GmbH
  Germany     100       
J.P. Morgan Capital Holdings Limited
  England     72.72 (c)
CaTO Finance II C.V.
  Netherlands     98.79  
CaTO Finance V Limited Partnership
  England     99       
J.P. Morgan Chase (UK) Holdings Limited
  England     100       
J.P. Morgan Chase International Holdings
  England     100       
J.P. Morgan EU Holdings Limited
  England     100       
J.P. Morgan (SC) Limited
  England     100       
J.P. Morgan Equities Limited
  South Africa     100       
J.P. Morgan Europe Limited
  England     100       
Crosby Sterling (Holdings) Limited
  England     79      (d)
J.P. Morgan Markets LLP
  England     36.02 (e)
J.P. Morgan Chase Finance Limited
  England     65      (f)
JPMorgan Cazenove Holdings
  England     50.01  
J.P. Morgan Securities Ltd.
  England     98.95  
Robert Fleming (Overseas) Number 2 Limited
  England     100       
J.P. Morgan plc
  England     100       
J.P. Morgan Trustee and Depositary Company Limited
  England     100       
J.P. Morgan Holdings B.V.
  The Netherlands     100       
J.P. Morgan Chase Bank Berhad
  Malaysia     100       
J.P. Morgan Chile Limitada
  Chile     99.8    
J.P. Morgan Funding South East Asia Private Limited
  Singapore     100       
J.P. Morgan (S.E.A.) Limited
  Singapore     70      (g)
J.P. Morgan Grupo Financiero S.A. De C.V.
  Mexico     99.46  
Banco J.P. Morgan S.A., Institucion de Banca Multiple, J.P. Morgan Grupo Financiero
  Mexico     99.99  
Banco J.P. Morgan Socio Liquidador
  Mexico     100       
J.P. Morgan Servicios, S.A. de C.V., J.P. Morgan Grupo Financiero
  Mexico     99       
J.P. Morgan Holdings (Hong Kong) Limited
  Hong Kong     100       
Copthall Mauritius Investment Limited
  Mauritius     100       
J.P. Morgan Futures (Korea) Limited
  South Korea     100       
J.P. Morgan Securities (Far East) Limited
  Hong Kong     100       
J.P. Morgan Broking (Hong Kong) Limited
  Hong Kong     100       
J.P. Morgan International Derivatives Ltd.
  Channel Islands     100       
J.P. Morgan International Holdings Limited
  Cayman Islands, BWI     100       
Fledgeling Nominees International Limited
  Cayman Islands, BWI     100       
J.P. Morgan India Securities Holdings Limited
  Mauritius     100       
J.P. Morgan India Private Limited
  India     99.99  
J.P. Morgan Indonesia Holdings (B.V.I.) Limited
  British Virgin Islands     100       
J.P. Morgan Securities Holdings (Bermuda) Limited
  Bermuda     100       
J.P. Morgan Securities Singapore Private Limited
  Singapore     100       
J.P. Morgan Securities Thailand Holdings Limited
  British Virgin Islands     100       
PGW Limited
  Thailand     100       
JPMorgan Securities (Thailand) Limited
  Thailand     50.1   (h)
Jadeling Malaysia Holdings Limited
  British Virgin Islands     100       
J.P. Morgan Services (Malaysia) Sdn. Bhd.
  Malaysia     100       

168


 

             
        Percentage  
        of voting  
        securities  
    Organized                  owned by  
    under the                  immediate  
Name   laws of                  parent  
 
JPMorgan Securities (Malaysia) Sdn. Bhd.
  Malaysia     100  
J.P. Morgan Investimentos e Financas Ltda.
  Brazil     99 .79
J.P. Morgan Luxembourg International S.a.r.l.
  Luxembourg     100  
J.P. Morgan Malaysia Ltd.
  Malaysia     100  
J.P. Morgan Overseas Capital Corporation
  Delaware     100  
J.P. Morgan Australia Group Pty Limited
  Australia     100  
J.P. Morgan Operations Australia Limited
  Australia     100  
J.P. Morgan Administrative Services Australia Limited
  Australia     100  
J.P. Morgan Australia Limited
  New South Wales     100  
J.P. Morgan Global Capital Australia Limited
  New South Wales     100  
J.P. Morgan Financial Services New Zealand Limited
  Australia     100  
J.P. Morgan Nominees Australia Limited
  Australia     100  
J.P. Morgan Portfolio Services Limited
  Australia     100  
JFOM Pty Limited
  Australia     100  
JPMorgan Investments Australia Limited
  Australia     100  
J.P. Morgan Markets Australia Pty Limited
  Australia     100  
J.P. Morgan Espana S.A.
  Spain     100  
JPMorgan Gestion, Sociedad Gestora de Instituciones de Inversion Colectiva, S.A.
  Spain     100  
JPMorgan Sociedad de Valores, S.A.
  Spain     80 .61(i)
J.P. Morgan International Bank Limited
  England     100  
J.P. Morgan Securities Canada Inc.
  Canada     100  
J.P. Morgan Whitefriars Inc.
  Delaware     100  
J.P. Morgan Whitefriars (UK)
  England     99 .99
JPMorgan Corporacion Financiera S.A.
  Colombia     90 (j)
Morgan Guaranty Trust Company Limited
  England     100  
PT J.P. Morgan Securities Indonesia
  Indonesia     42 .5(k)
J.P. Morgan Partners (CMB Reg K GP), Inc.
  Delaware     100  
J.P. Morgan Securities (C.I.) Limited
  Channel Islands     100  
J.P. Morgan (Jersey) Limited
  Channel Islands     100  
J.P. Morgan Securities (Taiwan) Limited
  Taiwan     65 .3(l)
J.P. Morgan Securities Asia Private Limited
  Singapore     88 .47(m)
JPMorgan Securities Japan Co., Ltd.
  Japan     68 .99(n)
J.P. Morgan Securities Holdings (Hong Kong) Limited
  Hong Kong     86 .38(o)
J.P. Morgan Securities (Asia Pacific) Limited
  Hong Kong     100  
J.P. Morgan Securities Holdings (Caymans) Limited
  Cayman Islands, BWI     100  
J.P. Morgan Securities India Private Limited
  India     99 .99
J.P. Morgan Securities South Africa (Proprietary) Limited
  South Africa     100  
JPMorgan Administration Services (Proprietary) Limited
  South Africa     100  
J.P. Morgan Trust Company (Jersey) Limited
  Channel Islands     100  
JPMorgan Trust Bank Limited
  Japan     72 .16(p)
Norchem Holdings e Negocios S.A.
  Brazil     48 .97(q)
NorChem Participacoes e Consultoria S.A.
  Brazil     50  
Sibelius Corporation
  Delaware     100  
J.P. Morgan Mortgage Acquisition Corp.
  Delaware     100  
J.P. Morgan Partners (23A SBIC Manager), Inc.
  Delaware     100  
J.P. Morgan Partners (23A SBIC), L.P.
  Delaware     80 (r)
J.P. Morgan Property Exchange Inc.
  Delaware     100  
J.P. Morgan Real Estate S.p.A.
  Italy     100  
J.P. Morgan Treasury Technologies Corporation
  Delaware     100  
JPMorgan Chase Vastera, Inc.
  Delaware     100  
JP Morgan Chase Vastera Professional Services Inc.
  Delaware     100  
JPMorgan Investment Advisors Inc.
  Ohio     100  
Security Capital Research & Management Incorporated
  Delaware     100  
Kscott Holding Corp.
  Delaware     100  
Liberty Payment Services, Inc.
  Kentucky     100  
Manufacturers Hanover Leasing International Corp.
  Delaware     100  
Chase Leasing of Texas, Inc.
  Delaware     100  
Naugatuck Holding Corp.
  Delaware     100  
Orcas Island Corp.
  Delaware     100  
South Cutler Corporation
  Delaware     100  
Systems & Services Technologies, Inc.
  Delaware     100  
JPMorgan Distribution Services, Inc.
  Delaware     100  
JPMorgan Funds Management, Inc.
  Delaware     100  

169


 

             
        Percentage  
        of voting  
        securities  
    Organized                  owned by  
    under the                  immediate  
Name   laws of                  parent  
 
JPMorgan Mezzanine Corporation
  Delaware     100  
JPMorgan Securities Holdings LLC
  Delaware     100  
J.P. Morgan Institutional Investments Inc.
  Delaware     100  
J.P. Morgan Securities Inc.
  Delaware     100  
Neovest Holdings, Inc.
  Delaware     100  
Neovest, Inc.
  Utah     100  
JPMorgan Special Situations Asia Corporation
  Delaware     100  
J.P. Morgan Investment Holdings II (Mauritius) Limited
  Mauritius     67  
Tong Yuan Asset Management Limited Liability Company
  China     90  
JPMorgan Special Situations (Mauritius) Limited
  Mauritius     100  
Silver Summit (Delaware) Corporation
  Delaware     100  
JPMP Capital Corp.
  New York     100  
J.P. Morgan Partners, LLC
  Delaware     100  
JPMP Capital, LLC
  Delaware     100  
J.P. Morgan Capital, L.P.
  Delaware     99 .5
J.P. Morgan SBIC Holdings LLC
  Delaware     100  
JPMCC Luxembourg Corporation
  Luxembourg     100  
J.P. Morgan Capital Luxembourg S.a.r.l.
  Luxembourg     100  
JPMCC Belgium S.P.R.L.
  Belgium     100  
JPMCC Belgium (SCA)
  Belgium     100  
J.P. Morgan Partnership Capital Corporation
  Delaware     100  
J.P. Morgan Partnership Investment Corporation
  Delaware     100  
J.P. Morgan Whitney Partnership Corporation
  Delaware     100  
Peabody Real Estate Partnership Corporation
  Delaware     100  
The Peabody Fund Consultants, Inc.
  Delaware     100  
LabMorgan Corporation
  Delaware     100  
LabMorgan Investment Corporation
  Delaware     100  
MorServ, Inc.
  Delaware     100  
NBD Community Development Corporation
  Michigan     100  
Offshore Equities, Inc.
  New York     100  
Park Assurance Company
  Vermont     100  
Special Situations Investing Inc.
  Delaware     100  
Support Development Corporation
  Delaware     100  
 
(a)   JPMorgan Capital Corporation owns 20%
(b)   JPMP Master Fund Manager, L.P. owns 20%
(c)   J.P. Morgan Overseas Capital Corporation owns 27.28%
(d)   J.P. Morgan Chase International Holdings owns 21%
(e)   J.P. Morgan Securities Ltd., J.P. Morgan plc, and J.P. Morgan Whitefriars (UK) own 27.29%, 27.07%, and 9.62%, respectively.
(f)   J.P. Morgan Securities Ltd. owns 35%
(g)   J.P. Morgan International Finance Limited owns 30%
(h)   J.P. Morgan International Finance Limited and J.P. Morgan International Holdings Limited own 30.28% and 19.61%, respectively.
(i)   J.P. Morgan & Cie S.A.S. owns 19.39%
(j)   J.P. Morgan International Finance Limited owns 10%
(k)   J.P. Morgan Indonesia Holdings (B.V.I.) Limited and J.P. Morgan Securities Asia Private Limited own 42.5% and 13.75%, respectively.
(l)   J.P. Morgan International Holdings Limited, Robert Fleming Investment Trust Limited, JF Securities Overseas Limited own 27.7%, 3.5%, and 3.5%, respectively.
(m)   J.P. Morgan Securities Holdings (Bermuda) Limited owns 11.53%
(n)   J.P. Morgan International Finance Limited and J.P. Morgan Securities Holdings (Bermuda) Limited own 27.77% and 3.24%, respectively.
(o)   JPMorgan Securities Japan Co., Ltd.and J.P. Morgan Securities (Far East) Limited own 10.77% and 2.85%, respectively.
(p)   J.P. Morgan & Cie S.A. owns 27.84%
(q)   Chase Manhattan Holdings Limitada owns 29.28%
(r)   JPMP Master Fund Manager, L.P. owns 20%

170