CHASE MANHATTAN CORP /DE/
S-3, EX-25.1, 2000-12-28
NATIONAL COMMERCIAL BANKS
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<PAGE>   1
                                                                    Exhibit 25.1


                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D. C. 20549

                            ------------------------

                                   FORM T - 1

                    STATEMENT OF ELIGIBILITY UNDER THE TRUST
                     INDENTURE ACT OF 1939 OF A CORPORATION
                          DESIGNATED TO ACT AS TRUSTEE

                            ------------------------

                CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY
             OF A TRUSTEE PURSUANT TO SECTION 305 (b) (2) _________

                      U.S. BANK TRUST NATIONAL ASSOCIATION
               (Exact name of trustee as specified in its charter)

                                   13-3781471
                               (I. R. S. Employer
                               Identification No.)


    100 WALL STREET, NEW YORK, NY                               10005
(Address of principal executive offices)                      (Zip Code)

                            ------------------------

                            FOR INFORMATION, CONTACT:
                           Thomas J. Kelly, President
                      U.S. Bank Trust National Association
                           100 Wall Street, 16th Floor
                               New York, NY 10005
                            Telephone: (212) 361-2506

                             J.P. MORGAN CHASE & CO.
               (Exact name of obligor as specified in its charter)

            DELAWARE                                         13-2624428
(State or other jurisdiction of                          (I. R. S. Employer
incorporation or organization)                           Identification No.)

270 PARK AVENUE                                                10017
NEW YORK, NEW YORK
(Address of principal executive offices)                     (Zip Code)

                       J.P. MORGAN INDEX FUNDING COMPANY I
               (Exact name of obligor as specified in its charter)

           DELAWARE                                          13-3964134
(State or other jurisdiction of                            (I. R. S. Employer
incorporation or organization)                             Identification No.)

60 WALL STREET                                                10260-0060
NEW YORK, NEW YORK
(Address of principal executive offices)                      (Zip Code)

                            ------------------------

                        PREFERRED SECURITIES, GUARANTEES
<PAGE>   2
Item 1.           GENERAL INFORMATION.

         Furnish the following information as to the trustee - -

         (a)      Name and address of each examining or supervising authority to
                  which it is subject.

                            Name                                  Address

                  Comptroller of the Currency                Washington, D. C.

         (b)      Whether it is authorized to exercise corporate trust powers.

                  Yes.

Item 2.           AFFILIATIONS WITH THE OBLIGOR.

         If the obligor is an affiliate of the trustee, describe each such
affiliation.

                  None.

Item 16.            LIST OF EXHIBITS.

         Exhibit 1.        Articles of Association of U.S. Bank Trust
                           National Association, incorporated herein by
                           reference to Exhibit 1 of Form T-1, Registration No.
                           022-22485.

         Exhibit 2.        Certificate of Authority to Commence Business for
                           First Trust of New York, National Association now
                           known as U.S. Bank Trust National Association,
                           incorporated herein by reference to Exhibit 2 of Form
                           T-1, Registration No. 022-22485.

         Exhibit 3.        Authorization to exercise corporate trust powers
                           for U.S. Bank Trust National Association,
                           incorporated herein by reference to Exhibit 3 of Form
                           T-1, Registration No. 022-22485.

         Exhibit 4.        By-Laws of U.S. Bank Trust National Association,
                           incorporated herein by reference to Exhibit 4 of Form
                           T-1, Registration No. 022-22485.

         Exhibit 5.        Not applicable.

         Exhibit 6.        Consent of First Trust of New York, National
                           Association now known as U.S. Bank Trust National
                           Association, required by Section 321(b) of the Act,
                           incorporated herein by reference to Exhibit 6 of Form
                           T-1, Registration No. 022-22485.
<PAGE>   3
         Exhibit 7.        Report of Condition of U.S. Bank Trust National
                           Association, as of the close of business on September
                           30, 2000, published pursuant to law or the
                           requirements of its supervising or examining
                           authority.

         Exhibit 8.        Not applicable.

         Exhibit 9.        Not applicable.
<PAGE>   4
                                    SIGNATURE


         Pursuant to the requirements of the Trust Indenture Act of 1939, as
amended, the trustee, U.S. Bank Trust National Association, a national banking
association organized and existing under the laws of the United States, has duly
caused this statement of eligibility to be signed on its behalf by the
undersigned, thereunto duly authorized, all in The City of New York, and State
of New York, on the 27th day of December, 2000.

                                             U.S. BANK TRUST
                                            NATIONAL ASSOCIATION



                                   By:   /s/   Patrick J. Crowley
                                        ---------------------------------------
                                           Patrick J. Crowley
                                           Vice President
<PAGE>   5
Exhibit 7

                      U.S. BANK TRUST NATIONAL ASSOCIATION
                        STATEMENT OF FINANCIAL CONDITION
                                 AS OF 9/30/2000

                                    ($000'S)

<TABLE>
<CAPTION>
                                                                      9/30/2000
                                                                      ---------
<S>                                                                   <C>
ASSETS
     Cash and Due From Depository Institutions                        $  54,812
     Federal Reserve Stock                                                3,396
     Fixed Assets                                                           500
     Intangible Assets                                                   57,136
     Other Assets                                                         8,571
                                                                      ---------
         TOTAL ASSETS                                                 $ 124,415


LIABILITIES
     Other Liabilities                                                   10,447
                                                                      ---------
     TOTAL LIABILITIES                                                   10,447

EQUITY
     Common and Preferred Stock                                           1,000
     Surplus                                                            120,932
                                                                      ---------
     Undivided Profits                                                   (7,964)
                                                                      ---------
TOTAL EQUITY CAPITAL                                                    113,968

TOTAL LIABILITIES AND EQUITY CAPITAL                                  $ 124,415
</TABLE>

--------------------------------------------------------------------------------

To the best of the undersigned's determination, as of this date the above
financial information is true and correct.


U.S. Bank Trust National Association



By:  /s/ Patrick J. Crowley
         --------------------------
         Vice President

Dated:   December 27, 2000


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