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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported) December 13,
1995
J.P. MORGAN & CO. INCORPORATED
(Exact name of registrant as specified in its charter)
DELAWARE 1-5885 13-2625764
(State or other juris- (Commission (IRS Employer
diction of File Number) Identification No.)
incorporation)
60 WALL STREET, NEW YORK, NEW YORK 10260-
0060
(Address of principal executive offices) (Zip
Code)
Registrant's telephone number, including area code (212) 483-
2323
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(Former name or former address, if changed since last
report)
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ITEM 5. OTHER EVENTS
On December 13, 1995, the Registrant issued a press
release declaring
its common stock and Adjustable Rate Cumulative
Preferred Stock
Series A dividends for the quarter ending December 31,
1995. The
Registrant also announced the purchase of up to seven
million shares
of its common stock which may be made periodically in
1996 or beyond.
A copy of such press release is filed herein as Exhibit
99.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS
(a) Financial Statements
NONE.
(b) Pro Forma Financial Information
NONE.
(c) Exhibits
99. Copy of press release of J.P. Morgan & Co.
Incorporated dated December 13, 1995.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the
registrant has duly caused this report to be signed on its behalf
by the
undersigned hereunto duly authorized.
J.P. MORGAN & CO. INCORPORATED
______________________________
(REGISTRANT)
/s/ PATRICIA A. JONES
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NAME: PATRICIA A. JONES
TITLE: MANAGING DIRECTOR
DATE: December 15, 1995
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EXHIBIT INDEX
Exhibit 99 - Press release of J.P. Morgan & Co.
Incorporated
dated December 13, 1995.
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Exhibit 99
December 13, 1995
J.P. Morgan raises quarterly dividend
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The Board of Directors of J.P. Morgan & Co. Incorporated
today declared an increase in the regular quarterly dividend to
$.81 per share from $.75 per share on the company's common stock
(NYSE: JPM) for the quarter ending December 31, 1995.
The Board also approved the purchase of up to 7 million
shares of J.P. Morgan common stock to lessen the dilutive impact
on earnings per share of the firm's employee benefit plans.
These purchases may be made periodically in 1996 or beyond in the
open market or through privately negotiated transactions. The
firm was authorized to purchase up to 7 million shares for its
employee benefit plans in 1995 and has purchased approximately 4
million shares to date.
The regular common stock dividend will be payable January
12, 1996, to stockholders of record at the close of business on
December 26, 1995. Annualized, the new dividend is $3.24,
compared with $3.00, and represents an increase of 8 percent.
A dividend also has been declared on the Adjustable Rate
Cumulative Preferred Stock Series A (NYSE: JPM Pr A) at the rate
of 5.00% per annum and in the amount of $1.25 per share for the
quarter ending December 31, 1995, payable on December 31, 1995,
to stockholders of record on December 26, 1995.
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