J.P. Morgan announced today that its Depositary Receipts (DR) Group has been appointed by Vanguard, one of the world’s largest investment management companies, to offer its U.S.-registered Exchange Traded Funds (ETFs) on the international segment of the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV).

J.P. Morgan began offering three Vanguard ETFs new to the Mexican market on December 24, 2008: Vanguard Mega Cap 300 ETF (MGC), Vanguard Mega Cap 300 Growth ETF (MGK), and Vanguard Mega Cap 300 Value ETF (MGV). The additional 29 Vanguard ETFs that currently trade on the Bolsa will be offered by J.P. Morgan beginning February 2009. (See attached list of all cross-listed Vanguard ETFs available in Mexico.)

Vanguard ETFs are listed on the BMV in pesos and trades can be initiated through a local broker. J.P. Morgan will service the ETFs and will handle all corporate actions. J.P. Morgan will also disseminate relevant shareholder and corporate actions information in the Mexican market via BMV. Additionally, a dedicated J.P. Morgan representative is available in Mexico City to provide local expertise and guidance to investors.

William Kirst, DR Executive for Latin America at J.P. Morgan, said: “We are pleased to welcome Vanguard as the first ETF provider that J.P. Morgan has launched on the Mexican Stock Exchange. We believe that there will be strong demand by both providers and investors for these peso-denominated ETFs that will provide U.S. and global exposure.”

Dennis Duffy, head of business development for Latin America at Vanguard, said: “Investors’ appetite for Vanguard’s broad lineup of low-cost ETFs continues to grow, and we believe that our relationship with J.P Morgan will bring better service and pricing to this expanding marketplace.”

For market information on DRs and international equities go to J.P. Morgan’s award-winning web site www.adr.com. For more information on J.P. Morgan’s DR services please visit http://www.jpmorgan.com/visit/adr.

About Vanguard

Vanguard, headquartered in Valley Forge, Pennsylvania, is one of the world’s largest investment management companies and a leading provider of company-sponsored retirement plan services. Vanguard manages more than $1 trillion in U.S. mutual fund assets, including $40 billion in ETF assets. Vanguard offers more than 150 funds to U.S. investors, and more than 50 additional funds in non-U.S. markets.

About JPMorgan Chase & Co.

JPMorgan Chase & Co. (NYSE: JPM), is a leading global financial services firm with assets of $2.3 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan, Chase, and Washington Mutual brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.