JPMorgan Chase & Co. 10K 2003 Annual report | JPM Filing

Exhibit 21.1
J.P. Morgan Chase & Co.

List of subsidiaries

JPMorgan Chase had the following subsidiaries at December 31, 2003:


		Percentage
		of voting
		securities
	Organized	owned by
	under the	immediate
Name	laws of	parent

Bridge Acquisition Holdings, Inc.	Delaware		100
CCC Holding, Inc.	Delaware		100
Chase Commercial Corporation	Delaware		100
CMRCC, Inc.	New York		100
Chase Home Mortgage Corporation of the Southeast	Florida		100
Chase Investment Services Corp.	Delaware		100
Chase Lincoln First Commercial Corporation	Delaware		100
Chase Manhattan Realty Leasing Corporation	New York		100
PV2-APS 150 Corporation	Delaware		100
PV2-PNM December 35 Corporation	Delaware		100
Palo Verde 1-PNM August 50 Corporation	Delaware		100
Palo Verde 1-PNM December 75 Corporation	Delaware		100
Chatham Ventures, Inc.	New York		100
J.P. Morgan Partners (BHCA), L.P.	California		80	^(a)
J.P. Morgan Partners (SBIC), LLC	California		100
Chemical Investments, Inc.	Delaware		100
Clintstone Properties Inc.	New York		100
Hambrecht & Quist Group	Delaware		100
Hambrecht & Quist California	California		100
Hambrecht & Quist Guaranty Finance, LLC	California		87.5
Hatherley Insurance Ltd.	Bermuda		100
J.P. Morgan Business Credit Corp.	Delaware		100
J.P. Morgan Capital Financing Limited	England		100
J.P. Morgan Strategic UK Limited	England		100
JF Group Limited	Bermuda		100
J.P. Morgan Chase International Financing Limited	England		100
Aldermanbury Investments Limited	England		100
Robert Fleming Holdings Limited	England		96
Robert Fleming Investment Trust Limited	England		100
Chase Fleming Private Wealth Management Limited	England		100
Copthall Overseas Limited	England		100
Copthall Holdings (Canada) Inc	Canada		100
J.P. Morgan Fleming Asset Management (Canada) Inc.	Canada		100
Copthall Overseas (Number 2) Limited	England		100
Robert Fleming (Jersey) Limited	England		100
Robert Fleming (Overseas) Number 3 Limited	England		100
Robert Fleming (Luxembourg) (Joint Ventures) Sarl	Luxembourg		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
Sun States Life Insurance Company	Delaware		100
Western Hemisphere Life Insurance Company	Delaware		100
Chase Life & Annuity Co.	Ohio		100
Chase Life & Annuity Company of New York	New York		100
Great Lakes Insurance Company	Delaware		100
Texas Commerce Operating Services, Inc.	Delaware		100

148


		Percentage
		of voting
		securities
	Organized	owned by
	under the	immediate
Name	laws of	parent

Texas Commerce Shareholders Company	Texas		100
CMC Holding Delaware Inc.	Delaware		100
J.P. Morgan Personal Wealth Management, Inc.	Delaware		100
J.P. Morgan Trust Company of Delaware	Delaware		100
J.P. Morgan Trust Company, National Association	California		100
A.S. Holding Corporation	Delaware		100
Chase Manhattan Bank USA, National Association	United States		100
Card Acquisition Funding LLC	Delaware		100
Chase BankCard Services, Inc.	Delaware		100
Chase Data Services Corporation	Delaware		100
Chase Insurance Agency, Inc.	Delaware		100
Cross Country Insurance Company	Vermont		100
J.P. Morgan Investor Services Co.	Delaware		100
Chase Re Limited	Bermuda		100
J.P. Morgan Fleming Asset Management Holdings Inc.	Delaware		100
J.P. Morgan Fleming Asset Management (Asia) Inc.	Delaware		100
J.P. Morgan Fleming Asset Management (Japan) Limited	Japan		100
JF Asset Management International Limited	British Virgin Islands		100
JF Asset Management Limited	Hong Kong		100
JF Funds Limited	Hong Kong		100
JF Asset Management (Taiwan) Limited	Taiwan		99.9
J.P. Morgan Fleming Asset Management International Limited	England		100
Robert Fleming Asset Management Limited	England		100
Chase Fleming Luxembourg Holding S.A.	Luxembourg		100
J.P. Morgan Fleming Societa di Intermediazione Mobiliare S.p.A.	Italy		100
J.P. Morgan Fleming Asset Management (UK) Limited	England		100
J.P. Morgan Fleming Life Limited	England		100
J.P. Morgan Fleming Marketing Limited	England		100
J.P. Morgan Investment Management Limited	England		100
J.P. Morgan Fleming Asset Management (London) Limited	England		100
Robert Fleming (Luxembourg) Sarl	Luxembourg		100
J.P. Morgan Fleming Asset Management France SAS	France		100
J.P. Morgan Fleming Selection SAS	France		100
J.P. Morgan Investment Management Inc.	Delaware		100
J.P. Morgan Funding Corp.	England		100
J.P. Morgan Futures Inc.	Delaware		100
J.P. Morgan GT Corporation	Delaware		100
J.P. Morgan International Holdings Corp.	Delaware		100
J.P. Morgan Trust Company (Cayman) Limited	Cayman Islands		100
JPMAC Holdings Inc.	Delaware		100
J.P. Morgan Invest Inc.	Delaware		100
J.P. Morgan Invest, LLC	Delaware		100
J.P. Morgan Retirement Plan Services LLC	Delaware		100
J.P. Morgan Private Investments Inc.	Delaware		100
J.P. Morgan Securities Holdings Inc.	Delaware		100
J.P. Morgan Institutional Investments Inc.	Delaware		100
J.P. Morgan Securities Inc.	Delaware		100
J.P. Morgan Services Inc.	Delaware		100
J.P. Morgan Ventures Corporation	Delaware		100
DNT Asset Trust	Delaware		100
Ventures Business Trust	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
JPMCC Luxembourg Corporation	Luxembourg		100
J.P. Morgan Capital Luxembourg S.a.r.l.	Luxembourg		100
J.P. Morgan Funds Bahamas Ltd.	Bahamas		100

149


		Percentage
		of voting
		securities
	Organized	owned by
	under the	immediate
Name	laws of	parent

J.P. Morgan Partnership Capital Corporation	Delaware		100
LabMorgan International Ltd.	Cayman Islands		100
LabMorgan Corporation	Delaware		100
LabMorgan Investment Corporation	Delaware		100
MorServ, Inc.	Delaware		100
Offshore Equities, Inc.	New York		100
Park Assurance Company	Vermont		100
Support Development Corporation	Delaware		100
JPMorgan Chase Bank	New York		100
Independence Park Building Inc.	Delaware		100
J.P. Morgan Alternative Asset Management, Inc.	Delaware		100
J.P. Morgan Chase Custody Services, Inc.	Delaware		100
J.P. Morgan Holding Deutschland GmbH	Germany		100
J.P. Morgan International Inc.	United States		100
J.P. Morgan International Finance Limited	United States		100
2cube Holdings Limited	British Virgin Islands		50
2cube Securities Limited (In Members’ Voluntary Liquidation)	Hong Kong		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
Chase Manhattan Holdings Limitada	Brazil		99.99
Inversiones Y Asesorias Chase Manhattan Limitada	Chile		99.94
J.P. Morgan & Cie S.A.	France		100
J.P. Morgan (Suisse) SA	Switzerland		100
J.P. Morgan Bank (Ireland) plc	Republic of Ireland		100
J.P. Morgan Bank International LLC	Russian Federation		98
J.P. Morgan Bank Luxembourg S.A.	Luxembourg		99.99
J.P. Morgan Bank, S.A.	Spain		100
J.P. Morgan Beteiligungs- und Verwaltungsgesellschaft Gmbh	Germany		99.8
J.P. Morgan AG	Germany		100
J.P. Morgan Fonds Services GmbH	Germany		100
J.P. Morgan Leasing GmbH	Germany		100
J.P. Morgan Capital Holdings Limited	England		72.72	^(b)
J.P. Morgan Chase (UK) Holdings Limited	England		100
J.P. Morgan Chase International Holdings Limited	England		100
Crosby Sterling (Holdings) Limited	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
J.P. Morgan Holdings (UK) Limited	England		100
J.P. Morgan Securities Ltd.	England		90	^(c)
Robert Fleming (Overseas) Number 2 Limited	England		100
J.P. Morgan plc	England		100
Crosby Sterling Limited	England		100
J.P. Morgan Trustee and Depositary Company Limited	England		100
J.P. Morgan Luxembourg International S.a.r.l.	Luxembourg		100
J.P. Morgan Chase Bank Berhad	Malaysia		100
J.P. Morgan Funding South East Asia Private Limited	Singapore		100
J.P. Morgan (S.E.A.) Limited	Singapore		70	^(d)
Ark Owner Trust Pte. Ltd.	Singapore		100
J.P. Morgan Grupo Financiero S.A. De C.V.	Mexico		99.38

150


		Percentage
		of voting
		securities
	Organized	owned by
	under the	immediate
Name	laws of	parent

Banco J.P. Morgan S.A., Institucion de Banca Multiple, J.P. Morgan Grupo Financiero	Mexico		99.99
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		100
J.P. Morgan India Securities Holdings Limited	Mauritius		100
J.P. Morgan India Private Limited	India		75
Pulit Finance and Investments Private Limited	India		99.99
J.P. Morgan Indonesia Holdings (B.V.I.) Limited	British Virgin Islands		100
PT J.P. Morgan Securities Indonesia	Indonesia		86.25	^(e)
J.P. Morgan Securities (Taiwan) Limited	Taiwan		72.45	^(f)
J.P. Morgan Securities Holdings (Bermuda) Limited	Bermuda		100
J.P. Morgan Securities Singapore Private Limited	Singapore		100
Jadeling Malaysia Holdings Limited	British Virgin Islands		100
J.P. Morgan Services (Malaysia) Sdn. Bhd.	Malaysia		100
J.P. Morgan Investimentos e Financas Ltda.	Brazil		99.97
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 Holdings Australia Limited	Australia		100
Chase Manhattan New Zealand Limited	New Zealand		100
Guardian Trust Australia Limited	Australia		100
J.P. Morgan Australia Limited	New South Wales		100
J.P. Morgan Nominees Australia Limited	Australia		100
JFOM Pty Limited	Australia		100
J.P. Morgan Markets Australia Pty Limited	Australia		100
J.P. Morgan Espana S.A.	Spain		100
J.P. Morgan Gestion, Sociedad Gestora de Instituciones de Inversion Colectiva, S.A.	Spain		100
J.P. Morgan Sociedad de Valores, S.A.	Spain		79	^(g)
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		100
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 Asia Private Limited	Singapore		87.19	^(h)
J.P. Morgan Securities Holdings (Hong Kong) Limited	Hong Kong		86.38	⁽ⁱ⁾
J.P. Morgan Securities (Asia Pacific) Limited	Hong Kong		100
J.P. Morgan Securities Holdings (Caymans) Limited	Cayman Islands		100
J.P. Morgan Securities India Private Limited	India		75	^(j)
J.P. Morgan Securities South Africa (Proprietary) Limited	South Africa		100
J.P. Morgan Services Asia Holdings Limited	Mauritius		100
J.P. Morgan Services India Private Limited	India		100
J.P. Morgan Services Japan Ltd.	Delaware		100
J.P. Morgan Trust Bank Ltd.	Japan		72.16	^(k)
J.P. Morgan Trust Company (Jersey) Limited	Channel Islands		100
Morgan Guaranty International Bank	United States		100

151


		Percentage
		of voting
		securities
	Organized	owned by
	under the	immediate
Name	laws of	parent

Morgan Guaranty International Finance Corporation	United States		100
NorChem Participacoes e Consultoria S.A.	Brazil		50
Norchem Holdings e Negocios S.A.	Brazil	��	48.97	^(l)
Robert Fleming Equity (Bermuda) Limited	Bermuda		100
Willard Holdings, Inc.	Delaware		100
Woodward Holdings, Inc.	Delaware		100
J.P. Morgan Leasing Inc.	New York		100
J.P. Morgan Mortgage Acquisition Corp.	Delaware		100
J.P. Morgan Mortgage Capital Inc.	Delaware		100
J.P. Morgan Partners (23A SBIC Manager), Inc.	Delaware		100
J.P. Morgan Property Exchange Inc.	Delaware		100
J.P. Morgan Treasury Technologies Corporation	Delaware		100
Manufacturers Hanover Leasing International Corp.	Delaware		100
Chase Leasing of Texas, Inc.	Delaware		100
Naugatuck Holding Corp.	Delaware		100
Overseas Realty Corp.	New York		100
Plexus Group, Inc.	California		100
Scorpio Holding, LLC	Delaware		100
CSL Leasing Inc.	Delaware		100
Cedar Hill International Corp.	Delaware		100
Chase Access Services Corporation	Delaware		100
Chase Bank International	United States		100
Chase Bankruptcy Information Systems, Inc.	Delaware		100
Chase Community Development Corporation	Delaware		100
Chase Education Holdings, Inc.	Delaware		100
Chase Funding Corporation	Delaware		100
Chase Manhattan Automotive Finance Corporation	Delaware		100
Chase Manhattan Mortgage Corporation	New Jersey		100
Chase Mortgage Company-West	Colorado		100
Chase Ventures Holdings, Inc.	New Jersey		100
Chase Merchant Ventures, Inc.	Delaware		100
Chase Mortgage Holdings, Inc.	Delaware		100
Chase Preferred Capital Corporation	Delaware		100
CPCC Delaware Statutory Trust	Delaware		100
CPCC Massachusetts Business Trust	Massachusetts		100
CPCC Texas Limited Partnership	Texas		99.5
Chase SPV Corporation	Delaware		100
Chem Network Processing Services, Inc.	New Jersey		100
Colson Services Corp.	Delaware		100
Flagstaff Capital Corporation	Delaware		100
Gemini Holding, LLC	Delaware		100
Libra Funding, LLC	Delaware		85	^(m)
Harvest Opportunity Holdings Corp.	New York		100

(a)		JPMP Master Fund Manager, L.P. owns 20%.
(b)		J.P. Morgan Overseas Capital Corporation owns 27.27%.
(c)		JF Group Limited owns 10%.
(d)		J.P. Morgan International Finance Limited owns 30%.
(e)		J.P. Morgan Securities Asia Private Limited owns 13.75%.
(f)		JF Securities Overseas Limited and Robert Fleming Investment Trust Limited each own 10%.
(g)		J.P. Morgan & Cie S.A. owns 19% and J.P. Morgan Securities Ltd. owns 2%.
(h)		J.P. Morgan Securities Holdings (Bermuda) Limited owns 12.81%.
(i)		J.P. Morgan Securities Asia Private Limited owns 10.77% and J.P. Morgan Securities (Far East) Limited owns 2.85%.
(j)		Vaishakh Fintrade Pvt. Ltd. owns 25%.
(k)		J.P. Morgan & Cie S.A. owns 27.84%.
(l)		Chase Manhattan Holdings Limitada owns 29.27%.
(m)		Scorpio Holding, LLC owns 15%.
Note:		Certain intermediary subsidiaries may be omitted in the ownership chain because the listed subsidiary holds significant assets, but the intermediary subsidiaries do not.

152

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JPMorgan Chase & Co. (JPM) 10-K2003 FY Annual report

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