MORGAN J P & CO INC
424B3, 1998-03-06
STATE COMMERCIAL BANKS
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Pricing Supplement No. 75  Dated March 4, 1998
(To Prospectus Supplement dated December 1, 1997
and Prospectus dated November 24, 1997)

Pursuant to Rule 424(b)(3)
Registration Statement No. 333-40447

J.P. Morgan & Co. Incorporated
Medium-Term Notes, Series A
(Fixed Rate Notes)

Principal Amount:  $1,375,000,000

If principal amount is stated in other than
U.S. dollars, equivalent amount in U.S. dollars:  N/A

CUSIP:  61687Y CH8

Trade Date:  March 4, 1998

Settlement Date:  March 9, 1998

Maturity Date: March 10, 1999

Price to Public (Issue Price):  100.0%

Net Proceeds to Issuer:  1,375,000,000

Interest Rate (per annum):  5.75%

Interest Payment Date(s):  March 10, 1999

Record Date(s):     ( )  March 1 and September 1 of each year
                    (X)  Other: 15 calendar days prior
                         to the interest payment dates

Day Count Basis:       (  )  30/360
                        (X)  Actual/360

Form:     (X)   Book-Entry Note (DTC)
          ( )   Certificated Note

Redemption:
          ( X )  The Notes may not be redeemed prior to stated
                 maturity.
          (   )  The Notes may be redeemed prior to maturity.

Optional Redemption Date(s): N/A

Initial Redemption Date: N/A

Initial Redemption Percentage: N/A
Annual Redemption Percentage Reduction:   N/A
Modified Payment Upon Acceleration:   N/A

Sinking Fund:  None

Right of Payment:
         ( )  Subordinated   (X)  Unsubordinated

Original Issue Discount:  N/A

Amount of OID:
Yield to Maturity:
Interest Accrual Date:
Initial Accrual Period OID:

Amortization Schedule:  N/A

Denominations:  $1,000 minimum with $1,000 integral multiples
                 thereafter

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 SUPPLEMENTOR THE PROSPECTUS SHALL HAVE THE
MEANINGS ASSIGNED TO THEM IN THE PROSPECTUS SUPPLEMENT OR 
THE PROSPECTUS.





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