Pricing Supplement No. 29 Dated December 11, 1996 (To Prospectus Supplement dated February 20, 1996 and Prospectus dated January 31, 1996) Pursuant to Rule 424(b)(2) Registration Statement No. 33-64193 J.P. Morgan & Co. Incorporated Medium-Term Notes, Series A (Floating Rate Notes) Principal Amount: $5,000,000 CUSIP: 61687Y BA4 Trade Date: December 11, 1996 Settlement Date: January 8, 1997 Maturity Date: January 8, 2007 If principal amount is other than U.S. dollars, equivalent in U.S. dollars: N/A Exchange Agent: N/A Price to Public (Issue Price): 100% Net Proceeds to Issuer: 99.90% Interest Rate (per annum): 3-month LIBOR + 0.50%, subject to a Maximum Interest Rate of 9.0%. Intermediation calculations rounded to five decimal places; Coupon rounded to three decimal places. Interest Rate Basis: ( ) Commercial Paper Rate ( ) Federal Funds Rate ( ) LIBOR (Reuters) ( ) Treasury Rate Note (X) LIBOR (Telerate) ( ) Other: ( ) Prime Rate Interest Payment Date(s): April 8, July 8, October 8 and January 8 of each year, commencing April 8, 1997 Record Date(s): (X) The fifteenth day (whether or not a Business Day) next preceding each Interest Payment Date. ( ) Other Initial Interest Rate Per Annum: Rate on the second Business Day preceding the Settlement Date. Interest Payment Period: ( ) Annual ( ) Semi-Annual ( ) Monthly (X) Quarterly (30/360 with no adjustment to period end date for calculation purposes.) Interest Reset Periods: ( ) Daily ( ) Weekly ( ) Monthly (X) Quarterly (30/360 with no adjustment to period end date for calculation purposes.) ( ) Semi-annually; the third Wednesday of : ( ) Annually; the third Wednesday of: Interest Determination Dates, if other than stated in the Prospectus Supplement: Second Business Day preceding the Interest Reset Date. Interest Reset Date if other than stated in the Prospectus Supplement: 8th of each April, July, October and January (whether or not a Business Day) beginning April 8, 1997. Interest Calculation: (X) Regular Floating Rate ( ) Inverse Floating Rate (Fixed Interest Rate: ___%) ( ) Other Floating Rate (See attached) Spread (plus/minus): +.50% Spread Multiplier: N/A Index Maturity: 3 months Index Currency: N/A Maximum Interest Rate: 9.00% Minimum Interest Rate: 0.00% Calculation Date if other than stated in the Prospectus Supplement: N/A Right of Payment: ( ) Subordinated (X) Unsubordinated Day Count Basis: (X) 30/360 with no adjustment to period end date for calculation purposes (Commercial Paper Rate Notes, Federal Funds Rate Notes, Prime Rate Notes and LIBOR Notes) ( ) Actual (Treasury Rate Notes) Form: (X) Book-Entry Note (DTC) ( ) Certificated Note Denomination: $250,000 with $5,000 integral multiples thereafter. Redemption: ( ) The Notes may not be redeemed prior to stated maturity. (X) The Notes may not be redeemed prior to January 8, 2000. The notes may be redeemed at the option of the Company upon at least 15 calendar days notice, in whole but not in part, on January 8, 2000 and each Interest Payment Date thereafter (subject to Business Day convention described in the Prospectus Supplement) at 100% of the principal amount thereof together with accrued interest to the date fixed for redemption. Optional Redemption Date(s): January 8, 2000 and each Interest Payment Date thereafter (subject to Business Day convention described in the Prospectus Supplement). Initial Redemption Date: January 8, 2000 (subject to Business Day convention described in the Prospectus Supplement) Initial Redemption Percentage: See above Annual Redemption Percentage Reduction: N/A Modified Payment Upon Acceleration: N/A Repayment Date Prices: N/A Sinking Fund: None Extendible Note: ( ) Yes (X) No Amortization Schedule: N/A Original Issue Discount: N/A Amount of OID: Yield to Maturity: Interest Accrual Date: Initial Accrual Period OID: Indexed Note: ( ) Yes (X) No Calculation Agent(s): (X) First Trust of New York, National Association ( ) Morgan Guaranty Trust Company of New York Plan of Distribution: J.P. Morgan Securities Inc. has acted as Agent on behalf of the Company. The Company has agreed to indemnify the Agent against certain liabilities, including liabilities under the Securities Act of 1933, as amended. Additional Terms: CAPITALIZED TERMS USED IN THIS PRICING SUPPLEMENT WHICH ARE DEFINED IN THE PROSPECTUS SUPPLEMENT OR THE PROSPECTUS SHALL HAVE THE MEANINGS ASSIGNED TO THEM IN THE PROSPECTUS SUPPLEMENT OR THE PROSPECTUS.