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                          EXHIBIT INDEX
                                

Exhibit 99     -     Press release of J.P. Morgan & Co.
Incorporated
                  dated December 14, 1995.



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                                                       Exhibit 99
                                                                 
                                                                 
                                                December 14, 1995
                                                                 
                                                                 
                                                                 
       Michael E. Patterson elected to Board of Directors
        _________________________________________________

     J.P. Morgan & Co. Incorporated announced today that Michael
E. Patterson has been named a vice chairman of the global banking
firm.

     Mr. Patterson, 53, has served as MorganOs chief
administrative officer since November 1994 and earlier was
General Counsel.  The Board of Directors elected him vice
chairman and a director at its regular meeting yesterday.

     Mr. Patterson joined Morgan as General Counsel in 1987,
having previously been a partner in the New York law firm
Debevoise & Plimpton, where he worked for 18 years, including
five years in its Paris office.  Prior to that, he was a law
clerk to Hon. Carl McGowan, U.S. Court of Appeals for the
District of Columbia, and to Hon. Potter Stewart of the U.S.
Supreme Court.

     A graduate of Harvard College (1964) and Columbia University
Law School (1967), Mr. Patterson is a trustee of Columbia
University, president of the Board of Trustees of The Child
School in New York, and a member of the advisory board of the
Trust for Public Land.  He is vice chairman of the French
American Foundation and Treasurer of the American Ditchley
Foundation.

     As previously announced, Rodney B. Wagner, 64, vice
chairman, will retire from Morgan and the Board at the end of
January.

     J.P. Morgan is a global banking firm that specializes in
serving the complex financial needs of government, corporate, and
private clients worldwide.
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